8-K 1 mit05001_10506.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2005 MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-119686-02 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On June 27, 2005 a distribution was made to holders of MORTGAGE IT TRUST, Mortgage-Backed Notes, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-1 Trust, relating to the June 27, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 6/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-1 Trust, relating to the June 27, 2005 distribution. EX-99.1

MortgageIT Trust Mortgage-Backed Notes Record Date: 45/2931/2005 Distribution Date: 56/2527/2005 MortgageIT Trust Mortgage-Backed Notes Series 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest ~~Principal~~ Class CUSIP Description Rate Balance Distribution ~~Distribution~~ 1-A-1 61913PAP7 A 3.~~34000~~41000% ~~651~~641,~~864~~766,~~326~~747.1477 1,~~814~~823,~~355~~687.7117 ~~10,097,578.38~~ 1-A-2 61913PAQ5 A 3.~~41000~~48000% 7271,~~428~~306,~~716~~773.8278 ~~205~~206,~~818~~789.2764 ~~1,121,943.04~~ 2-A 61913PAR3 A 4.25000% ~~108~~106,~~335~~723,~~714~~450.0405 ~~383~~377,~~688~~978.9989 1~~,612,263.99 1~~-M-1 61913PAS1 M 3.~~50000~~57000% 8280,~~158~~885,~~268~~612.9416 ~~239~~240,~~628~~634.2870 1~~,272,656.79 1~~-M-2 61913PAT9 M 3.~~61000~~68000% 2322,~~350~~988,~~141~~440.7993 70,~~245~~497.0189 ~~361,700.86~~ 2-M-1 61913PAU6 M 4.25000% 1817,~~100~~830,~~073~~705.1689 6463,~~104~~150.4342 ~~269,367.28~~ 2-M-2 61913PAV4 M 4.25000% 2,~~642~~602,~~310~~987.4024 9,~~358~~218.1891 ~~39,323.15~~ 1-B-1 61913PAW2 B 4.~~02000~~09000% 1918,~~026~~731,~~331~~607.5786 63,~~738~~843.2156 ~~294,723.71~~ 1-B-2 61913PAX0 B 4.~~22000~~29000% 2,~~161~~128,~~905~~416.1154 7,~~602~~609.7009 ~~33,488.57~~ 2-B-1 61913PAY8 B 4.25000% ~~924~~910,~~561~~802.6927 3,~~274~~225.4976 ~~13,759.43~~ Owner Trust MIT0401OT OT 0.00000% 0.00 ~~978~~953,~~004~~186.1011 ~~0.00~~ Totals ~~980~~965,~~992~~875,~~349~~544.6649 3,~~839~~819,~~818~~822.~~37 15,116,805.20~~14

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 13,970,677.77 0.00 ~~641~~627,~~766~~796,~~747~~069.7799 1115,~~911~~794,~~934~~364.0994 0.00 1-A-2 1,552,283.54 0.00 7169,~~306~~754,~~773~~490.7824 1,~~327~~759,~~761~~073.3118 0.00 2-A 616,259.40 0.00 106,~~723~~107,~~450~~190.0565 1994,~~995,952~~238.9829 0.00 1-M-1 1,760,806.13 0.00 8079,~~885~~124,~~612~~806.1602 12,~~512~~001,~~285~~440.0783 0.00 1-M-2 500,437.43 0.00 22,~~988~~488,~~440~~003.9350 ~~431~~570,~~945~~935.8732 0.00 2-M-1 102,960.88 0.00 17,~~830~~727,~~705~~745.8901 ~~333~~166,~~471~~111.7130 0.00 2-M-2 15,030.58 0.00 2,~~602~~587,~~987~~956.2466 4824,~~681~~249.3349 0.00 1-B-1 407,770.05 0.00 18,~~731~~323,~~607~~837.8681 ~~358~~471,~~461~~613.9261 0.00 1-B-2 46,333.69 0.00 2,~~128~~082,~~416~~082.5485 4153,~~091~~942.2778 0.00 2-B-1 5,259.30 0.00 ~~910~~905,~~802~~542.2797 178,~~033~~485.9206 0.00 Owner Trust 0.00 0.00 ~~978~~0.00 953,~~004~~186.1011 0.00 Totals 18,977,818.77 0.00 ~~965~~946,~~875~~897,~~544~~725.4970 1822,~~956~~797,~~623~~640.5791 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 665,763,000.00 ~~651~~641,~~864~~766,~~326~~747.1477 0.00 1013,~~097~~970,~~578~~677.3877 0.00 0.00 1-A-2 73,973,000.00 7271,~~428~~306,~~716~~773.8278 0.00 1,~~121~~552,~~943~~283.0454 0.00 0.00 2-A 109,676,000.00 ~~108~~106,~~335~~723,~~714~~450.0405 0.00 1616,~~612,263~~259.9940 0.00 0.00 1-M-1 83,910,000.00 8280,~~158~~885,~~268~~612.9416 0.00 1,~~272~~760,~~656~~806.7913 0.00 0.00 1-M-2 23,848,000.00 2322,~~350~~988,~~141~~440.7993 0.00 ~~361~~500,~~700~~437.8643 0.00 0.00 2-M-1 18,324,000.00 1817,~~100~~830,~~073~~705.1689 0.00 ~~269~~102,~~367~~960.2888 0.00 0.00 2-M-2 2,675,000.00 2,~~642~~602,~~310~~987.4024 0.00 3915,~~323~~030.1558 0.00 0.00 1-B-1 19,432,000.00 1918,~~026~~731,~~331~~607.5786 0.00 ~~294~~407,~~723~~770.7105 0.00 0.00 1-B-2 2,208,000.00 2,~~161~~128,~~905~~416.1154 0.00 3346,~~488~~333.5769 0.00 0.00 2-B-1 936,000.00 ~~924~~910,~~561~~802.6927 0.00 135,~~759~~259.4330 0.00 0.00 Owner Trust 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,745,000.00 ~~980~~965,~~992~~875,~~349~~544.6649 0.00 1518,~~116~~977,~~805~~818.2077 0.00 0.00 (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 Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A-1 1013,~~097~~970,~~578~~677.3877 ~~641~~627,~~766~~796,~~747~~069.7799 0.~~96395677~~94297230 1013,~~097~~970,~~578~~677.3877 1-A-2 1,~~121~~552,~~943~~283.0454 7169,~~306~~754,~~773~~490.7824 0.~~96395677~~94297230 1,~~121~~552,~~943~~283.0454 2-A 1616,~~612,263~~259.9940 106,~~723~~107,~~450~~190.0565 0.~~97307934~~96746043 1616,~~612,263~~259.9940 1-M-1 1,~~272~~760,~~656~~806.7913 8079,~~885~~124,~~612~~806.1602 0.~~96395677~~94297230 1,~~272~~760,~~656~~806.7913 1-M-2 ~~361~~500,~~700~~437.8643 22,~~988~~488,~~440~~003.9350 0.~~96395676~~94297230 ~~361~~500,~~700~~437.8643 2-M-1 ~~269~~102,~~367~~960.2888 17,~~830~~727,~~705~~745.8901 0.~~97307934~~96746043 ~~269~~102,~~367~~960.2888 2-M-2 3915,~~323~~030.1558 2,~~602~~587,~~987~~956.2466 0.~~97307934~~96746043 3915,~~323~~030.1558 1-B-1 ~~294~~407,~~723~~770.7105 18,~~731~~323,~~607~~837.8681 0.~~96395677~~94297230 ~~294~~407,~~723~~770.7105 1-B-2 3346,~~488~~333.5769 2,~~128~~082,~~416~~082.5485 0.~~96395677~~94297231 3346,~~488~~333.5769 2-B-1 135,~~759~~259.4330 ~~910~~905,~~802~~542.2797 0.~~97307935~~96746044 135,~~759~~259.4330 Owner Trust 0.00 0.00 0.00000000 0.00 Totals 1518,~~116~~977,~~805~~818.2077 ~~965~~946,~~875~~897,~~544~~725.4970 0.~~96515650~~94619281 1518,~~116~~977,~~805~~818.2077

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 665,763,000.00 ~~979~~963.~~12369137~~95676505 0.00000000 1520.~~16692634~~98446109 0.00000000 1-A-2 73,973,000.00 ~~979~~963.~~12369135~~95676504 0.00000000 1520.~~16692631~~98446109 0.00000000 2-A 109,676,000.00 ~~987~~973.~~77958751~~07934325 0.00000000 145.~~70024426~~61890842 0.00000000 1-M-1 83,910,000.00 ~~979~~963.~~12369134~~95676511 0.00000000 1520.~~16692635~~98446109 0.00000000 1-M-2 23,848,000.00 ~~979~~963.~~12369129~~95676493 0.00000000 1520.~~16692637~~98446117 0.00000000 2-M-1 18,324,000.00 ~~987~~973.~~77958743~~07934348 0.00000000 145.~~70024449~~61890854 0.00000000 2-M-2 2,675,000.00 ~~987~~973.~~77958879~~07934206 0.00000000 145.~~70024299~~61890841 0.00000000 1-B-1 19,432,000.00 ~~979~~963.~~12369133~~95676513 0.00000000 1520.~~16692620~~98446120 0.00000000 1-B-2 2,208,000.00 ~~979~~963.~~12369112~~95676630 0.00000000 1520.~~16692482~~98446105 0.00000000 2-B-1 936,000.00 ~~987~~973.~~77958333~~07934829 0.00000000 145.~~70024573~~61891026 0.00000000 Owner Trust 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 1520.~~16692634~~98446109 ~~963~~942.~~95676505~~97230394 0.~~96395677~~94297230 1520.~~16692634~~98446109 1-A-2 0.00000000 1520.~~16692631~~98446109 ~~963~~942.~~95676504~~97230395 0.~~96395677~~94297230 1520.~~16692631~~98446109 2-A 0.00000000 145.~~70024426~~61890842 ~~973~~967.~~07934325~~46043483 0.~~97307934~~96746043 145.~~70024426~~61890842 1-M-1 0.00000000 1520.~~16692635~~98446109 ~~963~~942.~~95676511~~97230390 0.~~96395677~~94297230 1520.~~16692635~~98446109 1-M-2 0.00000000 1520.~~16692637~~98446117 ~~963~~942.~~95676493~~97230376 0.~~96395676~~94297230 1520.~~16692637~~98446117 2-M-1 0.00000000 145.~~70024449~~61890854 ~~973~~967.~~07934348~~46043495 0.~~97307934~~96746043 145.~~70024449~~61890854 2-M-2 0.00000000 145.~~70024299~~61890841 ~~973~~967.~~07934206~~46043364 0.~~97307934~~96746043 145.~~70024299~~61890841 1-B-1 0.00000000 1520.~~16692620~~98446120 ~~963~~942.~~95676513~~97230393 0.~~96395677~~94297230 1520.~~16692620~~98446120 1-B-2 0.00000000 1520.~~16692482~~98446105 ~~963~~942.~~95676630~~97230525 0.~~96395677~~94297231 1520.~~16692482~~98446105 2-B-1 0.00000000 145.~~70024573~~61891026 ~~973~~967.~~07934829~~46043803 0.~~97307935~~96746044 145.~~70024573~~61891026 Owner Trust 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 665,763,000.00 3.~~34000~~41000% ~~651~~641,~~864~~766,~~326~~747.1477 1,~~814~~823,~~355~~687.7117 0.00 0.00 1-A-2 73,973,000.00 3.~~41000~~48000% 7271,~~428~~306,~~716~~773.8278 ~~205~~206,~~818~~789.2764 0.00 0.00 2-A 109,676,000.00 4.25000% ~~108~~106,~~335~~723,~~714~~450.0405 ~~383~~377,~~688~~978.9989 0.00 0.00 1-M-1 83,910,000.00 3.~~50000~~57000% 8280,~~158~~885,~~268~~612.9416 ~~239~~240,~~628~~634.2870 0.00 0.00 1-M-2 23,848,000.00 3.~~61000~~68000% 2322,~~350~~988,~~141~~440.7993 70,~~245~~497.0189 0.00 0.00 2-M-1 18,324,000.00 4.25000% 1817,~~100~~830,~~073~~705.1689 6463,~~104~~150.4342 0.00 0.00 2-M-2 2,675,000.00 4.25000% 2,~~642~~602,~~310~~987.4024 9,~~358~~218.1891 0.00 0.00 1-B-1 19,432,000.00 4.~~02000~~09000% 1918,~~026~~731,~~331~~607.5786 63,~~738~~843.2156 0.00 0.00 1-B-2 2,208,000.00 4.~~22000~~29000% 2,~~161~~128,~~905~~416.1154 7,~~602~~609.7009 0.00 0.00 2-B-1 936,000.00 4.25000% ~~924~~910,~~561~~802.6927 3,~~274~~225.4976 0.00 0.00 Owner Trust 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,745,000.00 2,~~861~~866,~~814~~636.2703 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 1,~~814~~823,~~355~~687.7117 0.00 ~~641~~627,~~766~~796,~~747~~069.7799 1-A-2 0.00 0.00 ~~205~~206,~~818~~789.2764 0.00 7169,~~306~~754,~~773~~490.7824 2-A 0.00 0.00 ~~383~~377,~~688~~978.9989 0.00 106,~~723~~107,~~450~~190.0565 1-M-1 0.00 0.00 ~~239~~240,~~628~~634.2870 0.00 8079,~~885~~124,~~612~~806.1602 1-M-2 0.00 0.00 70,~~245~~497.0189 0.00 22,~~988~~488,~~440~~003.9350 2-M-1 0.00 0.00 6463,~~104~~150.4342 0.00 17,~~830~~727,~~705~~745.8901 2-M-2 0.00 0.00 9,~~358~~218.1891 0.00 2,~~602~~587,~~987~~956.2466 1-B-1 0.00 0.00 63,~~738~~843.2156 0.00 18,~~731~~323,~~607~~837.8681 1-B-2 0.00 0.00 7,~~602~~609.7009 0.00 2,~~128~~082,~~416~~082.5485 2-B-1 0.00 0.00 3,~~274~~225.4976 0.00 ~~910~~905,~~802~~542.2797 Owner Trust 0.00 0.00 ~~978~~953,~~004~~186.1011 0.00 0.00 Totals 0.00 0.00 3,~~839~~819,~~818~~822.3714 0.00 (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 Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A-1 665,763,000.00 3.~~34000~~41000% ~~979~~963.~~12369137~~95676505 2.~~72522761~~73924380 0.00000000 0.00000000 1-A-2 73,973,000.00 3.~~41000~~48000% ~~979~~963.~~12369135~~95676504 2.~~78234315~~79547457 0.00000000 0.00000000 2-A 109,676,000.00 4.25000% ~~987~~973.~~77958751~~07934325 3.~~49838606~~44632271 0.00000000 0.00000000 1-M-1 83,910,000.00 3.~~50000~~57000% ~~979~~963.~~12369134~~95676511 2.~~85577738~~86777142 0.00000000 0.00000000 1-M-2 23,848,000.00 3.~~61000~~68000% ~~979~~963.~~12369129~~95676493 2.~~94553044~~95613427 0.00000000 0.00000000 2-M-1 18,324,000.00 4.25000% ~~987~~973.~~77958743~~07934348 3.~~49838627~~44632286 0.00000000 0.00000000 2-M-2 2,675,000.00 4.25000% ~~987~~973.~~77958879~~07934206 3.~~49838505~~44632150 0.00000000 0.00000000 1-B-1 19,432,000.00 4.~~02000~~09000% ~~979~~963.~~12369133~~95676513 3.~~28006433~~28548580 0.00000000 0.00000000 1-B-2 2,208,000.00 4.~~22000~~29000% ~~979~~963.~~12369112~~95676630 3.~~44325181~~44614583 0.00000000 0.00000000 2-B-1 936,000.00 4.25000% ~~987~~973.~~77958333~~07934829 3.~~49838675~~44632479 0.00000000 0.00000000 Owner Trust 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 2.~~72522761~~73924380 0.00000000 ~~963~~942.~~95676505~~97230394 1-A-2 0.00000000 0.00000000 2.~~78234315~~79547457 0.00000000 ~~963~~942.~~95676504~~97230395 2-A 0.00000000 0.00000000 3.~~49838606~~44632271 0.00000000 ~~973~~967.~~07934325~~46043483 1-M-1 0.00000000 0.00000000 2.~~85577738~~86777142 0.00000000 ~~963~~942.~~95676511~~97230390 1-M-2 0.00000000 0.00000000 2.~~94553044~~95613427 0.00000000 ~~963~~942.~~95676493~~97230376 2-M-1 0.00000000 0.00000000 3.~~49838627~~44632286 0.00000000 ~~973~~967.~~07934348~~46043495 2-M-2 0.00000000 0.00000000 3.~~49838505~~44632150 0.00000000 ~~973~~967.~~07934206~~46043364 1-B-1 0.00000000 0.00000000 3.~~28006433~~28548580 0.00000000 ~~963~~942.~~95676513~~97230393 1-B-2 0.00000000 0.00000000 3.~~44325181~~44614583 0.00000000 ~~963~~942.~~95676630~~97230525 2-B-1 0.00000000 0.00000000 3.~~49838675~~44632479 0.00000000 ~~973~~967.~~07934829~~46043803 Owner Trust 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 Beginning Balance 0.00 Deposits Payments of Interest and Principal 1923,~~299~~067,~~053~~920.23 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 440,~~097~~739.5341 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1923,~~303~~108,~~150~~659.7664 Withdrawals Reimbursement for Servicer Advances 344,~~882~~097.0053 Payment of Service Fee ~~311~~306,~~645~~921.1920 Payment of Interest and Principal 1822,~~956~~797,~~623~~640.5791 Total Withdrawals (Pool Distribution Amount) 1923,~~303~~108,~~150~~659.7664 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~311~~306,~~645~~921.1920 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~311~~306,~~645~~921.1920

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT ~~DELINQUENCY STATUS~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 026 0 0 0 026 07,877,272.0006 0.00 0.00 0.00 07,877,272.0006 60 Days 25 0 0 0 25 ~~363~~1,~~200~~203,398.0058 0.00 0.00 0.00 ~~363~~1,~~200~~203,398.0058 90 Days 0 0 20 0 20 0.00 0.00 ~~535,650~~0.00 0.00 ~~535,650~~0.00 120 Days 0 0 01 0 01 0.00 0.00 0176,000.00 0.00 0176,000.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 231 0 21 0 432 ~~363~~9,~~200~~080,670.0064 0.00 ~~535~~176,~~650~~000.00 0.00 ~~898~~9,~~850~~256,670.0064 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~815814% 0.000000% 0.000000% 0.000000% 0.~~000000~~815814% 0.~~000000~~817713% 0.000000% 0.000000% 0.000000% 0.~~000000~~817713% 60 Days 0.~~061633~~156887% 0.000000% 0.000000% 0.000000% 0.~~061633~~156887% 0.~~036975~~124921% 0.000000% 0.000000% 0.000000% 0.~~036975~~124921% 90 Days 0.000000% 0.000000% 0.~~061633~~000000% 0.000000% 0.~~061633~~000000% 0.000000% 0.000000% 0.~~054530~~000000% 0.000000% 0.~~054530~~000000% 120 Days 0.000000% 0.000000% 0.~~000000~~031377% 0.000000% 0.~~000000~~031377% 0.000000% 0.000000% 0.~~000000~~018270% 0.000000% 0.~~000000~~018270% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~061633~~972702% 0.000000% 0.~~061633~~031377% 0.000000% 01.~~123267~~004079% 0.~~036975~~942634% 0.000000% 0.~~054530~~018270% 0.000000% 0.~~091505~~960904%

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 025 0 0 0 025 07,177,707.0097 0.00 0.00 0.00 07,177,707.0097 60 Days 25 0 0 0 25 ~~363~~1,~~200~~203,398.0058 0.00 0.00 0.00 ~~363~~1,~~200~~203,398.0058 90 Days 0 0 20 0 20 0.00 0.00 ~~535,650~~0.00 0.00 ~~535,650~~0.00 120 Days 0 0 01 0 01 0.00 0.00 0176,000.00 0.00 0176,000.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 230 0 21 0 431 ~~363~~8,~~200~~381,106.0055 0.00 ~~535~~176,~~650~~000.00 0.00 ~~898~~8,~~850~~557,106.0055 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~877193% 0.000000% 0.000000% 0.000000% 0.~~000000~~877193% 0.~~000000~~860811% 0.000000% 0.000000% 0.000000% 0.~~000000~~860811% 60 Days 0.~~068823~~175439% 0.000000% 0.000000% 0.000000% 0.~~068823~~175439% 0.~~042626~~144322% 0.000000% 0.000000% 0.000000% 0.~~042626~~144322% 90 Days 0.000000% 0.000000% 0.~~068823~~000000% 0.000000% 0.~~068823~~000000% 0.000000% 0.000000% 0.~~062865~~000000% 0.000000% 0.~~062865~~000000% 120 Days 0.000000% 0.000000% 0.~~000000~~035088% 0.000000% 0.~~000000~~035088% 0.000000% 0.000000% 0.~~000000~~021107% 0.000000% 0.~~000000~~021107% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~068823~~052632% 0.000000% 0.~~068823~~035088% 0.000000% 01.~~137646~~087719% 01.~~042626~~005133% 0.000000% 0.~~062865~~021107% 0.000000% 01.~~105491~~026240% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0699,564.0009 0.00 0.00 0.00 0699,564.0009 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 0 0 0 01 0699,564.0009 0.00 0.00 0.00 0699,564.0009 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~296736% 0.000000% 0.000000% 0.000000% 0.~~000000~~296736% 0.~~000000~~540208% 0.000000% 0.000000% 0.000000% 0.~~000000~~540208% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~296736% 0.000000% 0.000000% 0.000000% 0.~~000000~~296736% 0.~~000000~~540208% 0.000000% 0.000000% 0.000000% 0.~~000000~~540208%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 440,~~097~~739.5341

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~160180~~159978% Weighted Average Net Coupon 4.~~785180~~784978% Weighted Average Pass-Through Rate 4.~~785180~~784978% Weighted Average Maturity(Stepdown Calculation ) ~~356~~355 Beginning Scheduled Collateral Loan Count 3,~~296~~245 Number Of Loans Paid In Full 5158 Ending Scheduled Collateral Loan Count 3,~~245~~187 Beginning Scheduled Collateral Balance ~~997~~982,~~264~~147,~~624~~819.3010 Ending Scheduled Collateral Balance ~~982~~963,~~147~~170,~~819~~000.1033 Ending Actual Collateral Balance at 2931-~~Apr~~May-2005 ~~982~~963,~~295~~329,~~347~~528.9068 Monthly P &I Constant 4,~~558~~490,~~079~~605.8633 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~269~~267,~~692~~387.4631 Unscheduled Principal 1418,~~847~~710,~~112~~431.7446

Miscellaneous Reporting Average Loss Severity Percentage 0.000000% Net Swap1 Pmt made to the SWAP Provider 7245,~~878~~052.9321 Net Swap2 Pmt made to the SWAP Provider 6451,~~045~~423.9959 Net Swap1 Pmt made to the Trust 0.00 Net Swap2 Pmt made to the Trust 0.00 Swap1 Term Pmt made to the Trust 0.00 Swap2 Term Pmt made to the Trust 0.00 Swap1 Term Pmt made to the Swap Provider 0.00 Swap2 Term Pmt made to the Swap Provider 0.00

Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~200581~~200354 4.~~895681~~895804 5.~~160180~~159978 Weighted Average Net Rate 4.~~825581~~825354 4.~~520681~~520804 4.~~785180~~784978 Weighted Average Maturity ~~356~~355 ~~356~~355 ~~356~~355 Beginning Loan Count 2,~~952~~906 ~~344~~339 3,~~296~~245 Loans Paid In Full 4656 52 5158 Ending Loan Count 2,~~906~~850 ~~339~~337 3,~~245~~187 Beginning Scheduled Balance ~~865~~851,~~121~~939,~~954~~863.6530 ~~132~~130,~~142~~207,~~669~~955.6580 ~~997~~982,~~264~~147,~~624~~819.3010 Ending ~~scheduled~~Scheduled Balance ~~851~~833,~~939~~701,~~863~~554.3069 ~~130~~129,~~207~~468,~~955~~445.8064 ~~982~~963,~~147~~170,~~819~~000.1033 Record Date 0405/2931/2005 0405/2931/2005 0405/2931/2005 Principal And Interest Constant 3,~~968~~910,~~230~~330.9305 ~~589~~580,~~848~~275.9328 4,~~558~~490,~~079~~605.8633 Scheduled Principal 218,~~950~~339.4723 5049,~~741~~048.9908 ~~269~~267,~~692~~387.4631 Unscheduled Principal 1218,~~963~~019,~~140~~969.8838 1690,~~883,971~~462.8608 1418,~~847~~710,~~112~~431.7446 Scheduled Interest 3,~~749~~691,~~280~~990.4682 ~~539~~531,~~106~~227.9420 4,~~288~~223,~~387~~218.4002 Servicing Fees ~~270~~266,~~350~~231.6121 4140,~~294~~689.5899 ~~311~~306,~~645~~921.1920 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread ~~Fee~~ 1 0.00 0.00 0.00 Spread ~~Fee~~ 2 0.00 0.00 0.00 Spread ~~Fee~~ 3 0.00 0.00 0.00 Net Interest 3,~~478~~425,~~929~~759.8561 ~~497~~490,~~812~~537.3621 3,~~976~~916,~~742~~296.2182 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~825581~~825354 4.~~520681~~520804 4.~~785180~~784978

Filing Compare · MORTGAGEIT TRUST 2005-1, Mortgage-Backed Notes, Series 2005-1