8-K 1 mit05002_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 2005-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-119686-03 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 2005-2 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 2005-2 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 2005-2 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 2005-2 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 2005-2 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 61915RAA4 A 3.~~30000~~35000% ~~452~~447,~~780~~692,~~000~~126.0051 1,~~162~~249,~~135~~807.3319 ~~5,087,873.49~~ 1-A-2 61915RAB2 A 3.~~37000~~42000% 5049,~~314~~748,~~000~~623.0029 ~~131~~141,~~878~~783.58 ~~565,376.71~~ 1-M-1 61915RAD8 M 3.~~48000~~53000% 5150,~~216~~640,~~000~~487.0055 ~~138~~148,~~624~~967.6443 ~~575,512.45~~ 1-M-2 61915RAE6 M 3.~~58000~~63000% 2625,~~060~~767,~~000~~164.0066 7277,~~562~~945.6267 ~~292,835.34~~ 1-B-1 61915RAH9 B 34.~~99000~~04000% 14,~~850~~683,~~000~~131.0005 4649,~~084~~433.5021 ~~166,868.95~~ 2-A 61915RAC0 A 4.75000% 60,~~740~~464,~~000~~925.0060 ~~240~~239,~~429~~340.1733 ~~275,074.40~~ 2-M-1 61915RAF3 M 4.75000% 5,~~715~~689,~~000~~118.0037 22,~~621~~519.8843 ~~25,881.63~~ 2-M-2 61915RAG1 M 4.75000% 2,~~290~~279,~~000~~629.0023 9,~~064~~023.5853 ~~10,370.77~~ 2-B-1 61915RAJ5 B 4.75000% 1,~~430~~423,~~000~~523.0093 5,~~660~~634.4278 ~~6,476.07~~ Owner Trust MIT0501OT OT 0.00000% 0.00 1934,~~086,856~~851.3154 ~~0.00~~ Totals ~~665~~658,~~395~~388,~~000~~730.0019 2,~~915~~879,~~918~~306.~~03 7,006,269.81~~69

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 10,057,562.48 0.00 ~~447~~437,~~692~~634,~~126~~564.5103 611,~~250~~307,~~008~~369.8267 0.00 1-A-2 1,117,620.47 0.00 4948,~~748~~631,~~623~~002.2982 ~~697~~1,~~255~~259,404.2905 0.00 1-M-1 1,137,656.52 0.00 5049,~~640~~502,~~487~~831.5503 ~~714~~1,~~137~~286,623.0995 0.00 1-M-2 578,868.50 0.00 25,~~767~~188,~~164~~296.6617 ~~365~~656,~~397~~814.9617 0.00 1-B-1 329,861.75 0.00 14,~~683~~353,~~131~~269.0530 ~~212~~379,~~953~~294.4596 0.00 2-A 1,161,847.89 0.00 6059,~~464~~303,~~925~~077.6071 ~~515~~1,~~503~~401,188.5722 0.00 2-M-1 109,317.76 0.00 5,~~689~~579,~~118~~800.3761 48131,~~503~~837.5119 0.00 2-M-2 43,803.62 0.00 2,~~279~~235,~~629~~825.2362 1952,~~435~~827.3515 0.00 2-B-1 27,353.35 0.00 1,~~423~~396,~~523~~170.9358 1232,~~136~~988.4913 0.00 Owner Trust 0.00 0.00 10.00 934,~~086,856~~851.3154 0.00 Totals 14,563,892.34 0.00 ~~658~~643,~~388~~824,~~730~~837.1987 917,~~922~~443,~~187~~199.8403 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-1 452,780,000.00 ~~452~~447,~~780~~692,~~000~~126.0051 0.00 510,~~087~~057,~~873~~562.4948 0.00 0.00 1-A-2 50,314,000.00 5049,~~314~~748,~~000~~623.0029 0.00 ~~565~~1,~~376~~117,620.7147 0.00 0.00 1-M-1 51,216,000.00 5150,~~216~~640,~~000~~487.0055 0.00 ~~575~~1,~~512~~137,656.4552 0.00 0.00 1-M-2 26,060,000.00 2625,~~060~~767,~~000~~164.0066 0.00 ~~292~~578,~~835~~868.3450 0.00 0.00 1-B-1 14,850,000.00 14,~~850~~683,~~000~~131.0005 0.00 ~~166~~329,~~868~~861.9575 0.00 0.00 2-A 60,740,000.00 60,~~740~~464,~~000~~925.0060 0.00 ~~275~~1,~~074~~161,847.4089 0.00 0.00 2-M-1 5,715,000.00 5,~~715~~689,~~000~~118.0037 0.00 25109,~~881~~317.6376 0.00 0.00 2-M-2 2,290,000.00 2,~~290~~279,~~000~~629.0023 0.00 1043,~~370~~803.7762 0.00 0.00 2-B-1 1,430,000.00 1,~~430~~423,~~000~~523.0093 0.00 627,~~476~~353.0735 0.00 0.00 Owner Trust 0.00 0.00 0.00 0.00 0.00 0.00 Totals 665,395,000.00 ~~665~~658,~~395~~388,~~000~~730.0019 0.00 714,~~006~~563,~~269~~892.8134 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-1 510,~~087~~057,~~873~~562.4948 ~~447~~437,~~692~~634,~~126~~564.5103 0.~~98876303~~96655012 510,~~087~~057,~~873~~562.4948 1-A-2 ~~565~~1,~~376~~117,620.7147 4948,~~748~~631,~~623~~002.2982 0.~~98876303~~96655012 ~~565~~1,~~376~~117,620.7147 1-M-1 ~~575~~1,~~512~~137,656.4552 5049,~~640~~502,~~487~~831.5503 0.~~98876303~~96655012 ~~575~~1,~~512~~137,656.4552 1-M-2 ~~292~~578,~~835~~868.3450 25,~~767~~188,~~164~~296.6617 0.~~98876303~~96655012 ~~292~~578,~~835~~868.3450 1-B-1 ~~166~~329,~~868~~861.9575 14,~~683~~353,~~131~~269.0530 0.~~98876303~~96655012 ~~166~~329,~~868~~861.9575 2-A ~~275~~1,~~074~~161,847.4089 6059,~~464~~303,~~925~~077.6071 0.~~99547128~~97634306 ~~275~~1,~~074~~161,847.4089 2-M-1 25109,~~881~~317.6376 5,~~689~~579,~~118~~800.3761 0.~~99547128~~97634306 25109,~~881~~317.6376 2-M-2 1043,~~370~~803.7762 2,~~279~~235,~~629~~825.2362 0.~~99547128~~97634307 1043,~~370~~803.7762 2-B-1 627,~~476~~353.0735 1,~~423~~396,~~523~~170.9358 0.~~99547128~~97634306 627,~~476~~353.0735 Owner Trust 0.00 0.00 0.00000000 0.00 Totals 714,~~006~~563,~~269~~892.8134 ~~658~~643,~~388~~824,~~730~~837.1987 0.~~98947051~~96758292 714,~~006~~563,~~269~~892.8134

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 452,780,000.00 ~~1000~~988.~~00000000~~76303395 0.00000000 1122.~~23696605~~21291241 0.00000000 1-A-2 50,314,000.00 ~~1000~~988.~~00000000~~76303395 0.00000000 1122.~~23696605~~21291231 0.00000000 1-M-1 51,216,000.00 ~~1000~~988.~~00000000~~76303401 0.00000000 1122.~~23696599~~21291237 0.00000000 1-M-2 26,060,000.00 ~~1000~~988.~~00000000~~76303377 0.00000000 1122.~~23696623~~21291251 0.00000000 1-B-1 14,850,000.00 ~~1000~~988.~~00000000~~76303367 0.00000000 1122.~~23696633~~21291246 0.00000000 2-A 60,740,000.00 ~~1000~~995.~~00000000~~47128087 0.00000000 419.~~52871913~~12821683 0.00000000 2-M-1 5,715,000.00 ~~1000~~995.~~00000000~~47128084 0.00000000 419.~~52871916~~12821697 0.00000000 2-M-2 2,290,000.00 ~~1000~~995.~~00000000~~47127948 0.00000000 419.~~52872052~~12821834 0.00000000 2-B-1 1,430,000.00 ~~1000~~995.~~00000000~~47127972 0.00000000 419.~~52872028~~12821678 0.00000000 Owner Trust 0.00 0.00000000 0.00000000 0.00000000 0.00000000

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 1122.~~23696605~~21291241 ~~988~~966.~~76303395~~55012154 0.~~98876303~~96655012 1122.~~23696605~~21291241 1-A-2 0.00000000 1122.~~23696605~~21291231 ~~988~~966.~~76303395~~55012164 0.~~98876303~~96655012 1122.~~23696605~~21291231 1-M-1 0.00000000 1122.~~23696599~~21291237 ~~988~~966.~~76303401~~55012164 0.~~98876303~~96655012 1122.~~23696599~~21291237 1-M-2 0.00000000 1122.~~23696623~~21291251 ~~988~~966.~~76303377~~55012164 0.~~98876303~~96655012 1122.~~23696623~~21291251 1-B-1 0.00000000 1122.~~23696633~~21291246 ~~988~~966.~~76303367~~55012121 0.~~98876303~~96655012 1122.~~23696633~~21291246 2-A 0.00000000 419.~~52871913~~12821683 ~~995~~976.~~47128087~~34306404 0.~~99547128~~97634306 419.~~52871913~~12821683 2-M-1 0.00000000 419.~~52871916~~12821697 ~~995~~976.~~47128084~~34306387 0.~~99547128~~97634306 419.~~52871916~~12821697 2-M-2 0.00000000 419.~~52872052~~12821834 ~~995~~976.~~47127948~~34306550 0.~~99547128~~97634307 419.~~52872052~~12821834 2-B-1 0.00000000 419.~~52872028~~12821678 ~~995~~976.~~47127972~~34306294 0.~~99547128~~97634306 419.~~52872028~~12821678 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-1 452,780,000.00 3.~~30000~~35000% ~~452~~447,~~780~~692,~~000~~126.0051 1,~~162~~249,~~135~~807.3319 0.00 0.00 1-A-2 50,314,000.00 3.~~37000~~42000% 5049,~~314~~748,~~000~~623.0029 ~~131~~141,~~878~~783.58 0.00 0.00 1-M-1 51,216,000.00 3.~~48000~~53000% 5150,~~216~~640,~~000~~487.0055 ~~138~~148,~~624~~967.6443 0.00 0.00 1-M-2 26,060,000.00 3.~~58000~~63000% 2625,~~060~~767,~~000~~164.0066 7277,~~562~~945.6267 0.00 0.00 1-B-1 14,850,000.00 34.~~99000~~04000% 14,~~850~~683,~~000~~131.0005 4649,~~084~~433.5021 0.00 0.00 2-A 60,740,000.00 4.75000% 60,~~740~~464,~~000~~925.0060 ~~240~~239,~~429~~340.1733 0.00 0.00 2-M-1 5,715,000.00 4.75000% 5,~~715~~689,~~000~~118.0037 22,~~621~~519.8843 0.00 0.00 2-M-2 2,290,000.00 4.75000% 2,~~290~~279,~~000~~629.0023 9,~~064~~023.5853 0.00 0.00 2-B-1 1,430,000.00 4.75000% 1,~~430~~423,~~000~~523.0093 5,~~660~~634.4278 0.00 0.00 Owner Trust 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 665,395,000.00 1,~~829~~944,~~061~~455.7215 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,~~162~~249,~~135~~807.3319 0.00 ~~447~~437,~~692~~634,~~126~~564.5103 1-A-2 0.00 0.00 ~~131~~141,~~878~~783.58 0.00 4948,~~748~~631,~~623~~002.2982 1-M-1 0.00 0.00 ~~138~~148,~~624~~967.6443 0.00 5049,~~640~~502,~~487~~831.5503 1-M-2 0.00 0.00 7277,~~562~~945.6267 0.00 25,~~767~~188,~~164~~296.6617 1-B-1 0.00 0.00 4649,~~084~~433.5021 0.00 14,~~683~~353,~~131~~269.0530 2-A 0.00 0.00 ~~240~~239,~~429~~340.1733 0.00 6059,~~464~~303,~~925~~077.6071 2-M-1 0.00 0.00 22,~~621~~519.8843 0.00 5,~~689~~579,~~118~~800.3761 2-M-2 0.00 0.00 9,~~064~~023.5853 0.00 2,~~279~~235,~~629~~825.2362 2-B-1 0.00 0.00 5,~~660~~634.4278 0.00 1,~~423~~396,~~523~~170.9358 Owner Trust 0.00 0.00 1934,~~086,856~~851.3154 0.00 0.00 Totals 0.00 0.00 2,~~915~~879,~~918~~306.0369 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-1 452,780,000.00 3.~~30000~~35000% ~~1000~~988.~~00000000~~76303395 2.~~56666666~~76029681 0.00000000 0.00000000 1-A-2 50,314,000.00 3.~~37000~~42000% ~~1000~~988.~~00000000~~76303395 2.~~62111102~~81797472 0.00000000 0.00000000 1-M-1 51,216,000.00 3.~~48000~~53000% ~~1000~~988.~~00000000~~76303401 2.~~70666667~~90861118 0.00000000 0.00000000 1-M-2 26,060,000.00 3.~~58000~~63000% ~~1000~~988.~~00000000~~76303377 2.~~78444436~~99100806 0.00000000 0.00000000 1-B-1 14,850,000.00 34.~~99000~~04000% ~~1000~~988.~~00000000~~76303367 3.~~10333333~~32883569 0.00000000 0.00000000 2-A 60,740,000.00 4.75000% ~~1000~~995.~~00000000~~47128087 3.~~95833339~~94040715 0.00000000 0.00000000 2-M-1 5,715,000.00 4.75000% ~~1000~~995.~~00000000~~47128084 3.~~95833421~~94040770 0.00000000 0.00000000 2-M-2 2,290,000.00 4.75000% ~~1000~~995.~~00000000~~47127948 3.~~95833188~~94040611 0.00000000 0.00000000 2-B-1 1,430,000.00 4.75000% ~~1000~~995.~~00000000~~47127972 3.~~95833566~~94040559 0.00000000 0.00000000 Owner Trust 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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.~~56666666~~76029681 0.00000000 ~~988~~966.~~76303395~~55012154 1-A-2 0.00000000 0.00000000 2.~~62111102~~81797472 0.00000000 ~~988~~966.~~76303395~~55012164 1-M-1 0.00000000 0.00000000 2.~~70666667~~90861118 0.00000000 ~~988~~966.~~76303401~~55012164 1-M-2 0.00000000 0.00000000 2.~~78444436~~99100806 0.00000000 ~~988~~966.~~76303377~~55012164 1-B-1 0.00000000 0.00000000 3.~~10333333~~32883569 0.00000000 ~~988~~966.~~76303367~~55012121 2-A 0.00000000 0.00000000 3.~~95833339~~94040715 0.00000000 ~~995~~976.~~47128087~~34306404 2-M-1 0.00000000 0.00000000 3.~~95833421~~94040770 0.00000000 ~~995~~976.~~47128084~~34306387 2-M-2 0.00000000 0.00000000 3.~~95833188~~94040611 0.00000000 ~~995~~976.~~47127948~~34306550 2-B-1 0.00000000 0.00000000 3.~~95833566~~94040559 0.00000000 ~~995~~976.~~47127972~~34306294 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 1017,~~063~~532,~~353~~902.9931 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 050,002.0003 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1017,~~063~~582,~~353~~904.9934 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~141~~139,~~166~~705.1631 Payment of Interest and Principal 917,~~922~~443,~~187~~199.8303 Total Withdrawals (Pool Distribution Amount) 1017,~~063~~582,~~353~~904.9934 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~141~~139,~~166~~705.1631 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~141~~139,~~166~~705.1631

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 037 0 0 0 037 010,962,897.0065 0.00 0.00 0.00 010,962,897.0065 60 Days 01 0 0 0 01 0299,594.0054 0.00 0.00 0.00 0299,594.0054 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 038 0 0 0 038 011,262,492.0019 0.00 0.00 0.00 011,262,492.0019 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 01.~~000000~~659193% 0.000000% 0.000000% 0.000000% 01.~~000000~~659193% 01.~~000000~~670876% 0.000000% 0.000000% 0.000000% 01.~~000000~~670876% 60 Days 0.~~000000~~044843% 0.000000% 0.000000% 0.000000% 0.~~000000~~044843% 0.~~000000~~045662% 0.000000% 0.000000% 0.000000% 0.~~000000~~045662% 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 01.~~000000~~704036% 0.000000% 0.000000% 0.000000% 01.~~000000~~704036% 01.~~000000~~716538% 0.000000% 0.000000% 0.000000% 01.~~000000~~716538%

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 034 0 0 0 034 09,419,753.0098 0.00 0.00 0.00 09,419,753.0098 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 034 0 0 0 034 09,419,753.0098 0.00 0.00 0.00 09,419,753.0098 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~673228% 0.000000% 0.000000% 0.000000% 01.~~000000~~673228% 01.~~000000~~606639% 0.000000% 0.000000% 0.000000% 01.~~000000~~606639% 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 01.~~000000~~673228% 0.000000% 0.000000% 0.000000% 01.~~000000~~673228% 01.~~000000~~606639% 0.000000% 0.000000% 0.000000% 01.~~000000~~606639% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 03 0 0 0 03 01,543,143.0067 0.00 0.00 0.00 01,543,143.0067 60 Days 01 0 0 0 01 0299,594.0054 0.00 0.00 0.00 0299,594.0054 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 04 0 0 0 04 01,842,738.0021 0.00 0.00 0.00 01,842,738.0021 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~515152% 0.000000% 0.000000% 0.000000% 01.~~000000~~515152% 02.~~000000~~210335% 0.000000% 0.000000% 0.000000% 02.~~000000~~210335% 60 Days 0.~~000000~~505051% 0.000000% 0.000000% 0.000000% 0.~~000000~~505051% 0.~~000000~~429127% 0.000000% 0.000000% 0.000000% 0.~~000000~~429127% 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 02.~~000000~~020202% 0.000000% 0.000000% 0.000000% 02.~~000000~~020202% 02.~~000000~~639462% 0.000000% 0.000000% 0.000000% 02.~~000000~~639462%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 050,002.0003

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~403721~~402465% Weighted Average Net Coupon 5.~~149137~~152465% Weighted Average Pass-Through Rate 5.~~153721~~152465% Weighted Average Maturity(Stepdown Calculation ) ~~357~~356 Beginning Scheduled Collateral Loan Count 2,~~286~~264 Number Of Loans Paid In Full 2234 Ending Scheduled Collateral Loan Count 2,~~264~~230 Beginning Scheduled Collateral Balance ~~677~~670,~~597~~585,~~549~~486.8710 Ending Scheduled Collateral Balance ~~670~~656,~~585~~021,~~486~~593.1076 Ending Actual Collateral Balance at 2931-~~Apr~~May-2005 ~~670~~656,~~674~~116,~~523~~836.1547 Monthly P &I Constant 3,~~210~~177,~~114~~094.8161 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 158,~~824~~082.4635 Unscheduled Principal 614,~~853~~405,~~239~~809.3199 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 0.00 Overcollateralized Amount 12,~~202~~196,~~549~~755.8790 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~443381~~442267 5.~~067323~~067104 5.~~403721~~402465 Weighted Average Net Rate 5.~~193381~~192267 4.~~817323~~817104 5.~~149137~~152465 Weighted Average Maturity ~~357~~356 ~~357~~356 ~~357~~356 Beginning Loan Count 2,~~085~~064 ~~201~~200 2,~~286~~264 Loans Paid In Full 2132 12 2234 Ending Loan Count 2,~~064~~032 ~~200~~198 2,~~264~~230 Beginning Scheduled Balance ~~606~~599,~~137~~442,~~706~~011.8679 71,~~459~~143,~~843~~474.0131 ~~677~~670,~~597~~585,~~549~~486.8710 Ending ~~scheduled~~Scheduled Balance ~~599~~586,~~442~~220,~~011~~442.7907 7169,~~143~~801,~~474~~151.3169 ~~670~~656,~~585~~021,~~486~~593.1076 Record Date 0405/2931/2005 0405/2931/2005 0405/2931/2005 Principal And Interest Constant 2,~~886~~854,~~522~~738.7385 ~~323~~322,~~592~~355.0876 3,~~210~~177,~~114~~094.8161 Scheduled Principal 136,~~990~~136.7907 21,~~833~~946.6728 158,~~824~~082.4635 Unscheduled Principal 613,~~558~~085,~~704~~433.2865 ~~294~~1,~~535~~320,376.0334 614,~~853~~405,~~239~~809.3199 Scheduled Interest 2,~~749~~718,~~531~~602.9478 ~~301~~300,~~758~~409.4148 3,~~051~~019,~~290~~012.3526 Servicing Fees ~~126~~124,~~278~~883.6975 14,~~887~~821.4756 ~~141~~139,~~166~~705.1631 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 2,~~623~~593,~~253~~719.2503 ~~286~~285,~~870~~587.9492 2,~~910~~879,~~124~~306.1995 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 5.~~193381~~192267 4.~~817323~~817104 5.~~153721~~152465

Miscellaneous Reporting Group 1 Excess Spread 1925,~~071,967~~781.4469 Excess Cash 1925,~~071,967~~781.4469 Extra Principal Distribution 0.00 Overcollateralized Amount 10,910,478.72 OC Deficiency Amount 0.00 OC Target 10,910,478.72 Group 2 Excess Spread 9,~~094~~069.9085 Excess Cash 9,~~094~~069.9085 Extra Principal Distribution ~~1,434~~0.1600 Overcollateralized Amount 1,286,277.17 OC Deficiency Amount 0.00 OC Target 1,286,277.17

Filing Compare · MORTGAGEIT TRUST 2005-2, Mortgage-Backed Notes, Series 2005-2