8-K 1 nym05001_10507.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): July 25, 2005 NEW YORK MORTGAGE TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121661-04 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN 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 July 25, 2005 a distribution was made to holders of NEW YORK MORTGAGE 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 July 25, 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. NEW YORK MORTGAGE TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/25/2005 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 July 25, 2005 distribution. EX-99.1

New York Mortgage Trust Mortgage-Backed Notes Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 New York Mortgage 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 Class CUSIP Description Rate Balance Distribution A 649603AA5 SEN 3.~~36000~~58438% ~~361~~354,~~891~~077,~~010~~969.6758 1987,~~114,624~~116.3166 M-1 649603AB3 MEZ 3.~~59000~~81438% 17,~~416~~040,~~468~~455.5089 5750,~~314~~554.7060 M-2 649603AC1 MEZ 34.~~94000~~16438% 5,~~611~~490,~~808~~652.9689 2017,~~267~~784.9802 OT NYM0501OT excess 0.00000% 0.00 ~~179~~323,~~025~~448.1176 Totals ~~384~~376,~~919~~609,~~288~~078.1336 1,~~371~~378,~~232~~904.1004

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A 711,~~813~~367,~~041~~068.0950 0.00 ~~354~~342,~~077~~710,~~969~~901.5808 812,~~927~~354,~~665~~185.4016 0.00 M-1 ~~376~~547,~~012~~054.6173 0.00 1716,~~040~~493,~~455~~401.8915 ~~433~~597,~~327~~609.3133 0.00 M-2 ~~121~~176,~~156~~268.0703 0.00 5,~~490~~314,~~652~~384.8985 ~~141~~194,~~424~~052.05 0.00 OT 0.00 0.00 0.00 ~~179~~323,~~025~~448.1176 0.00 Totals 812,~~310~~090,~~209~~391.7726 0.00 ~~376~~364,~~609~~518,~~078~~687.3608 913,~~681~~469,~~441~~295.8730 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) A 391,761,000.00 ~~361~~354,~~891~~077,~~010~~969.6758 0.00 711,~~813~~367,~~041~~068.0950 0.00 0.00 M-1 18,854,000.00 17,~~416~~040,~~468~~455.5089 0.00 ~~376~~547,~~012~~054.6173 0.00 0.00 M-2 6,075,000.00 5,~~611~~490,~~808~~652.9689 0.00 ~~121~~176,~~156~~268.0703 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 416,690,000.00 ~~384~~376,~~919~~609,~~288~~078.1336 0.00 812,~~310~~090,~~209~~391.7726 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 A 711,~~813~~367,~~041~~068.0950 ~~354~~342,~~077~~710,~~969~~901.5808 0.~~90381117~~87479586 711,~~813~~367,~~041~~068.0950 M-1 ~~376~~547,~~012~~054.6173 1716,~~040~~493,~~455~~401.8915 0.~~90381117~~87479586 ~~376~~547,~~012~~054.6173 M-2 ~~121~~176,~~156~~268.0703 5,~~490~~314,~~652~~384.8985 0.~~90381118~~87479586 ~~121~~176,~~156~~268.0703 OT 0.00 0.00 0.00000000 0.00 Totals 812,~~310~~090,~~209~~391.7726 ~~376~~364,~~609~~518,~~078~~687.3608 0.~~90381117~~87479586 812,~~310~~090,~~209~~391.7726

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 391,761,000.00 ~~923~~903.~~75456125~~81117462 0.00000000 1929.~~94338663~~01531418 0.00000000 M-1 18,854,000.00 ~~923~~903.~~75456137~~81117482 0.00000000 1929.~~94338655~~01531399 0.00000000 M-2 6,075,000.00 ~~923~~903.~~75456132~~81117531 0.00000000 1929.~~94338601~~01531358 0.00000000 OT 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 A 0.00000000 1929.~~94338663~~01531418 ~~903~~874.~~81117462~~79586044 0.~~90381117~~87479586 1929.~~94338663~~01531418 M-1 0.00000000 1929.~~94338655~~01531399 ~~903~~874.~~81117482~~79586029 0.~~90381117~~87479586 1929.~~94338655~~01531399 M-2 0.00000000 1929.~~94338601~~01531358 ~~903~~874.~~81117531~~79586008 0.~~90381118~~87479586 1929.~~94338601~~01531358 OT 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 A 391,761,000.00 3.~~36000~~58438% ~~361~~354,~~891~~077,~~010~~969.6758 1987,~~114,624~~116.3166 0.00 0.00 M-1 18,854,000.00 3.~~59000~~81438% 17,~~416~~040,~~468~~455.5089 5750,~~314~~554.7060 0.00 0.00 M-2 6,075,000.00 34.~~94000~~16438% 5,~~611~~490,~~808~~652.9689 2017,~~267~~784.9802 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 416,690,000.00 1,~~192~~055,~~206~~455.9928 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 A 0.00 0.00 1987,~~114,624~~116.3166 0.00 ~~354~~342,~~077~~710,~~969~~901.5808 M-1 0.00 0.00 5750,~~314~~554.7060 0.00 1716,~~040~~493,~~455~~401.8915 M-2 0.00 0.00 2017,~~267~~784.9802 0.00 5,~~490~~314,~~652~~384.8985 OT 0.00 0.00 ~~179~~323,~~025~~448.1176 0.00 0.00 Totals 0.00 0.00 1,~~371~~378,~~232~~904.1004 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 A 391,761,000.00 3.~~36000~~58438% ~~923~~903.~~75456125~~81117462 2.~~84516404~~51969099 0.00000000 0.00000000 M-1 18,854,000.00 3.~~59000~~81438% ~~923~~903.~~75456137~~81117482 32.~~03992256~~68137265 0.00000000 0.00000000 M-2 6,075,000.00 34.~~94000~~16438% ~~923~~903.~~75456132~~81117531 32.~~33629300~~92741070 0.00000000 0.00000000 OT 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 A 0.00000000 0.00000000 2.~~84516404~~51969099 0.00000000 ~~903~~874.~~81117462~~79586044 M-1 0.00000000 0.00000000 32.~~03992256~~68137265 0.00000000 ~~903~~874.~~81117482~~79586029 M-2 0.00000000 0.00000000 32.~~33629300~~92741070 0.00000000 ~~903~~874.~~81117531~~79586008 OT 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 (24,412.00) Deposits Payments of Interest and Principal 913,~~792~~543,~~425~~225.1840 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 02,950.0036 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 031,920.00 Total Deposits 913,~~792~~578,~~425~~095.1876 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~110~~108,~~983~~800.3145 Payment of Interest and Principal 913,~~681~~469,~~441~~295.8731 Total Withdrawals (Pool Distribution Amount) 913,~~792~~578,~~425~~095.1876 Ending Balance (24,412.00)

SERVICING FEES Gross Servicing Fee 8381,~~541~~809.7251 Special Servicing Fee 23,~~569~~201.3580 Wells Fargo Master Service Fee 3,~~872~~789.2414 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~110~~108,~~983~~800.3145

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT 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 01 0 0 0 01 0435,734.0040 0.00 0.00 0.00 0435,734.0040 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 0435,734.0040 0.00 0.00 0.00 0435,734.0040 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~~139276% 0.000000% 0.000000% 0.000000% 0.~~000000~~139276% 0.~~000000~~118738% 0.000000% 0.000000% 0.000000% 0.~~000000~~118738% 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~~139276% 0.000000% 0.000000% 0.000000% 0.~~000000~~139276% 0.~~000000~~118738% 0.000000% 0.000000% 0.000000% 0.~~000000~~118738%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 02,950.0036

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 4.~~593361~~610395% Weighted Average Net Coupon 4.~~334466~~351309% Weighted Average Pass-Through Rate 4.~~249425~~265830% Weighted Average Maturity(Stepdown Calculation) ~~346~~345 Beginning Scheduled Collateral Loan Count ~~759~~739 Number Of Loans Paid In Full 2021 Ending Scheduled Collateral Loan Count ~~739~~718 Beginning Scheduled Collateral Balance ~~387~~378,~~223~~913,~~766~~556.5982 Ending Scheduled Collateral Balance ~~378~~366,~~913~~823,~~556~~165.8255 Ending Actual Collateral Balance at 3130-~~May~~Jun-2005 ~~379~~366,~~060~~971,~~324~~885.2754 Monthly P&I Constant 1,~~681~~649,~~523~~045.0705 Special Servicing Fee 0.00 Prepayment Penalties 031,920.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~199~~193,~~307~~260.7264 Unscheduled Principal 811,~~110~~897,~~902~~130.0563 Extra principal distribution Amount 0.00 Excess Cash Amount ~~180~~291,~~513~~528.2576

Other Income 0.00 Swap Payment 0.00 Wachovia-Additional Service Fee Amount ~~614~~585.9541 Wachovia- Scheduled Beginning Principal Bal ~~147~~140,~~588~~499,~~588~~216.9847 Wachovia - Loan Count ~~326~~308

Miscellaneous Reporting Extra Principal Amount 0.00 Overcollaterization Amount 2,304,478.47 Overcollaterization Deficiency Amount 0.00 Overcollaterization Reduction Amount 0.00 Overcollaterization Release Amount 0.00 Overcollaterization Target Amount 2,304,478.47 Principal Distribution Amount 812,~~310~~090,~~209~~391.7727

Filing Compare · Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1