8-K 1 mam05003_10508.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): August 25, 2005 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-64 54-2169469 Pooling and Servicing Agreement) (Commission 54-2169470 (State or other File Number) 54-2169471 jurisdiction 54-2169472 of Incorporation) 54-6658771 IRS EIN 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 August 25, 2005 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES TRUST, Mortgage Pass-Through Certificates, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-3 Trust, relating to the August 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-3 Trust, relating to the August 25, 2005 distribution. EX-99.1

MASTR Adjustable Rate Mortgages Trust Mortgage Pass-Through Certificates Record Date: 57/3129/2005 Distribution Date: 68/2725/2005 MASTR Adjustable Rate Mortgages Trust Mortgage Pass-Through Certificates Series 2005-3 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 1-A-1 576433YN0 SEN 3.~~34000~~71000% 5851,~~461~~988,~~347~~532.5750 ~~178~~166,~~989~~088.1692 1-A-2 576433ZC3 SEN 3.~~40000~~77000% 65,~~495~~776,~~598~~408.3551 2018,~~244~~752.6147 1-A-X 576433YP5 IO 12.~~77169~~27513% 0.00 95109,~~902~~518.8380 2-A-1 576433YQ3 SEN 5.~~20236~~20077% 7571,~~144~~698,~~463~~772.7667 ~~325~~310,~~774~~740.0172 3-A-1 576433YR1 SEN 5.~~53312~~53461% 8984,~~519~~983,~~768~~961.2592 ~~412~~391,~~769~~961.4519 3-A-2 576433ZD1 SEN 5.~~59203~~59352% 8,~~952~~499,~~658~~043.1500 4139,~~719~~616.5933 3-A-X 576433ZE9 IO 0.05891% 0.00 4,~~394~~172.6700 4-A-1 576433YS9 SEN 5.~~32825~~31138% 11,~~585~~052,~~106~~293.3310 5148,~~440~~919.2911 5-A-1 576433YV2 SEN 5.~~41553~~41585% 11,~~301~~288,~~245~~460.2595 5150,~~001~~947.8319 A-LR 576433YX8 RES 56.~~45701~~08347% 0.00 0.00 A-UR 576433YY6 RES 56.~~45701~~08347% 0.00 0.39 B-1 576433YZ3 SUB 5.~~43265~~59908% 13,~~231~~225,~~328~~549.8427 5961,~~901~~709.0304 B-2 576433ZA7 SUB 5.~~43265~~59908% 5,~~501~~499,~~641~~238.9174 2425,~~907~~658.1088 B-3 576433ZB5 SUB 5.~~43265~~59908% 4,~~013~~011,~~279~~526.8480 18,~~168~~717.9737 B-4 576433ZF6 SUB 5.~~43265~~59908% 2,~~230~~229,~~044~~070.1706 10,~~095~~400.8861 B-5 576433ZG4 SUB 5.~~43265~~59908% 2,~~675~~674,~~853~~684.0925 12,~~114~~479.1580 B-6 576433ZH2 SUB 5.~~43265~~59908% 2,~~082~~081,~~346~~437.9031 9,~~427~~711.2377 P 576433ZJ8 N/A 0.00000% 0.01 1016,~~118~~587.5989 Totals ~~291~~275,~~194~~008,~~682~~979.4209 1,~~326~~295,~~969~~982.7848

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 13,~~962~~132,~~897~~270.5069 0.00 5648,~~498~~856,~~450~~261.0781 23,~~141~~298,~~886~~359.6661 0.00 1-A-2 ~~218~~348,~~096~~024.1335 0.00 65,~~277~~428,~~502~~384.2117 ~~238~~366,~~340~~776.7482 0.00 1-A-X 0.00 0.00 0.00 95109,~~902~~518.8380 0.00 2-A-1 1,~~092~~440,~~398~~579.2514 0.00 7470,~~052~~258,~~065~~193.5154 1,~~418~~751,~~172~~319.2686 0.00 3-A-1 21,~~690~~043,~~657~~422.5629 0.00 8683,~~829~~940,~~110~~539.6963 31,~~103~~435,~~427~~383.0148 0.00 3-A-2 ~~269~~104,~~086~~350.2317 0.00 8,~~683~~394,~~571~~692.9283 ~~310~~143,~~805~~966.8250 0.00 3-A-X 0.00 0.00 0.00 4,~~394~~172.6700 0.00 4-A-1 ~~227~~5,~~844~~335.6053 0.00 11,~~357~~046,~~261~~957.7357 ~~279~~54,~~284~~254.8964 0.00 5-A-1 78,~~501~~497.4559 0.00 11,~~293~~279,~~743~~963.8036 5859,~~503~~444.2878 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 A-UR 0.00 0.00 0.00 0.39 0.00 B-1 2,~~890~~740.7116 0.00 13,~~228~~222,~~438~~809.1310 6264,~~791~~449.7420 0.00 B-2 1,~~201~~139.9737 0.00 5,~~500~~498,~~439~~099.9437 26,~~109~~798.0725 0.00 B-3 ~~876~~831.8014 0.00 4,~~012~~010,~~403~~695.0467 19,~~045~~548.7751 0.00 B-4 ~~487~~461.2183 0.00 2,~~229~~228,~~556~~608.9623 10,~~583~~862.0944 0.00 B-5 ~~584~~554.6116 0.00 2,~~675~~674,~~268~~130.4809 1213,~~698~~033.7696 0.00 B-6 ~~454~~431.9425 0.00 2,081,~~891~~006.9607 910,~~882~~143.1702 0.00 P 0.00 0.00 0.01 1016,~~118~~587.5989 0.00 Totals 6,~~474~~088,~~977~~637.9667 0.00 ~~284~~268,~~719~~920,~~704~~341.45 7,~~801~~384,~~947~~620.7415 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 60,742,000.00 5851,~~461~~988,~~347~~532.5750 1914,~~552~~694.2256 13,~~943~~117,~~345~~576.2813 0.00 0.00 1-A-2 6,749,000.00 65,~~495~~776,~~598~~408.3551 21,~~172~~632.4370 ~~215~~346,~~923~~391.7064 0.00 0.00 1-A-X 0.00 0.00 0.00 0.00 0.00 0.00 2-A-1 75,738,000.00 7571,~~144~~698,~~463~~772.7667 5,~~927~~803.0370 1,~~086~~434,~~471~~775.2244 0.00 0.00 3-A-1 91,973,000.00 8984,~~519~~983,~~768~~961.2592 1716,~~641~~852.9450 21,~~673~~026,~~015~~569.6279 0.00 0.00 3-A-2 9,198,000.00 8,~~952~~499,~~658~~043.1500 1,~~764~~685.3338 ~~267~~102,~~321~~664.9179 0.00 0.00 3-A-X 0.00 0.00 0.00 0.00 0.00 0.00 4-A-1 11,600,000.00 11,~~585~~052,~~106~~293.3310 2,~~423~~434.5396 ~~225~~2,~~421~~900.0757 0.00 0.00 5-A-1 11,718,000.00 11,~~301~~288,~~245~~460.2595 6,~~904~~968.9813 ~~596~~1,529.4746 0.00 0.00 A-LR 50.00 0.00 0.00 0.00 0.00 0.00 A-UR 50.00 0.00 0.00 0.00 0.00 0.00 B-1 13,237,000.00 13,~~231~~225,~~328~~549.8427 2,~~890~~740.7116 0.00 0.00 0.00 B-2 5,504,000.00 5,~~501~~499,~~641~~238.9174 1,~~201~~139.9737 0.00 0.00 0.00 B-3 4,015,000.00 4,~~013~~011,~~279~~526.8480 ~~876~~831.8014 0.00 0.00 0.00 B-4 2,231,000.00 2,~~230~~229,~~044~~070.1706 ~~487~~461.2183 0.00 0.00 0.00 B-5 2,677,000.00 2,~~675~~674,~~853~~684.0925 ~~584~~554.6116 0.00 0.00 0.00 B-6 2,083,239.00 2,~~082~~081,~~346~~437.9031 ~~454~~431.9425 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 297,465,339.01 ~~291~~275,~~194~~008,~~682~~979.4209 6256,~~882~~229.7084 6,~~412~~032,~~095~~407.2782 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 13,~~962~~132,~~897~~270.5069 5648,~~498~~856,~~450~~261.0781 0.~~93013813~~80432422 13,~~962~~132,~~897~~270.5069 1-A-2 ~~218~~348,~~096~~024.1335 65,~~277~~428,~~502~~384.2117 0.~~93013813~~80432422 ~~218~~348,~~096~~024.1335 1-A-X 0.00 0.00 0.00000000 0.00 2-A-1 1,~~092~~440,~~398~~579.2514 7470,~~052~~258,~~065~~193.5154 0.~~97773991~~92764786 1,~~092~~440,~~398~~579.2514 3-A-1 21,~~690~~043,~~657~~422.5629 8683,~~829~~940,~~110~~539.6963 0.~~94407175~~91266502 21,~~690~~043,~~657~~422.5629 3-A-2 ~~269~~104,~~086~~350.2317 8,~~683~~394,~~571~~692.9283 0.~~94407175~~91266502 ~~269~~104,~~086~~350.2317 3-A-X 0.00 0.00 0.00000000 0.00 4-A-1 ~~227~~5,~~844~~335.6053 11,~~357~~046,~~261~~957.7357 0.~~97907429~~95232393 ~~227~~5,~~844~~335.6053 5-A-1 78,~~501~~497.4559 11,~~293~~279,~~743~~963.8036 0.~~96379449~~96261848 78,~~501~~497.4559 A-LR 0.00 0.00 0.00000000 0.00 A-UR 0.00 0.00 0.00000000 0.00 B-1 2,~~890~~740.7116 13,~~228~~222,~~438~~809.1310 0.~~99935319~~99892794 2,~~890~~740.7116 B-2 1,~~201~~139.9737 5,~~500~~498,~~439~~099.9437 0.~~99935319~~99892794 1,~~201~~139.9737 B-3 ~~876~~831.8014 4,~~012~~010,~~403~~695.0467 0.~~99935319~~99892794 ~~876~~831.8014 B-4 ~~487~~461.2183 2,~~229~~228,~~556~~608.9623 0.~~99935319~~99892794 ~~487~~461.2183 B-5 ~~584~~554.6116 2,~~675~~674,~~268~~130.4809 0.~~99935319~~99892794 ~~584~~554.6116 B-6 ~~454~~431.9425 2,081,~~891~~006.9607 0.~~99935339~~99892815 ~~454~~431.9425 P 0.00 0.01 1.00000000 0.00 Totals 6,~~474~~088,~~977~~637.9667 ~~284~~268,~~719~~920,~~704~~341.45 0.~~95715254~~90403925 6,~~474~~088,~~977~~637.9667

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 60,742,000.00 ~~962~~855.~~45345181~~89102269 0.~~32188963~~24191762 3151.~~99343584~~32488443 0.00000000 1-A-2 6,749,000.00 ~~962~~855.~~45345236~~89102237 0.~~32188917~~24191732 3151.~~99343606~~32488369 0.00000000 1-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 75,738,000.00 ~~992~~946.~~16329663~~66841836 0.~~07825702~~07662864 1418.~~34512688~~94393092 0.00000000 3-A-1 91,973,000.00 ~~973~~924.~~32660944~~00989334 0.~~19181651~~18323312 2911.~~06304698~~16164298 0.00000000 3-A-2 9,198,000.00 ~~973~~924.~~32660905~~00989346 0.~~19181670~~18323331 2911.~~06304740~~16164275 0.00000000 3-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A-1 11,600,000.00 ~~998~~952.~~71606293~~78388793 0.~~20892500~~20991034 190.~~43285086~~25004914 0.00000000 5-A-1 11,718,000.00 ~~964~~963.~~43465182~~34365506 0.~~58926267~~59465182 0.~~05090203~~13052227 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-UR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,237,000.00 999.~~57156758~~13494523 0.~~21838105~~20700763 0.00000000 0.00000000 B-2 5,504,000.00 999.~~57156795~~13494549 0.~~21838118~~20700763 0.00000000 0.00000000 B-3 4,015,000.00 999.~~57156663~~13494396 0.~~21838107~~20700872 0.00000000 0.00000000 B-4 2,231,000.00 999.~~57156880~~13494397 0.~~21838189~~20700583 0.00000000 0.00000000 B-5 2,677,000.00 999.~~57156892~~13494583 0.~~21838252~~20700784 0.00000000 0.00000000 B-6 2,083,239.00 999.~~57177261~~13514964 0.~~21838109~~20700937 0.00000000 0.00000000 P 0.01 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 3251.~~31532547~~56680205 ~~930~~804.~~13812634~~32422064 0.~~93013813~~80432422 3251.~~31532547~~56680205 1-A-2 0.00000000 3251.~~31532523~~56680249 ~~930~~804.~~13812565~~32422137 0.~~93013813~~80432422 3251.~~31532523~~56680249 1-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 1419.~~42338390~~02055956 ~~977~~927.~~73991273~~64785893 0.~~97773991~~92764786 1419.~~42338390~~02055956 3-A-1 0.00000000 2911.~~25486349~~34487610 ~~944~~912.~~07174595~~66501723 0.~~94407175~~91266502 2911.~~25486349~~34487610 3-A-2 0.00000000 2911.~~25486301~~34487606 ~~944~~912.~~07174603~~66501740 0.~~94407175~~91266502 2911.~~25486301~~34487606 3-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A-1 0.00000000 190.~~64177586~~45995948 ~~979~~952.~~07428707~~32392845 0.~~97907429~~95232393 190.~~64177586~~45995948 5-A-1 0.00000000 0.~~64016470~~72517409 ~~963~~962.~~79448711~~61848097 0.~~96379449~~96261848 0.~~64016470~~72517409 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-UR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~21838105~~20700763 ~~999~~998.~~35318652~~92793684 0.~~99935319~~99892794 0.~~21838105~~20700763 B-2 0.00000000 0.~~21838118~~20700763 ~~999~~998.~~35318677~~92793786 0.~~99935319~~99892794 0.~~21838118~~20700763 B-3 0.00000000 0.~~21838107~~20700872 ~~999~~998.~~35318555~~92793773 0.~~99935319~~99892794 0.~~21838107~~20700872 B-4 0.00000000 0.~~21838189~~20700583 ~~999~~998.~~35318691~~92793814 0.~~99935319~~99892794 0.~~21838189~~20700583 B-5 0.00000000 0.~~21838252~~20700784 ~~999~~998.~~35318640~~92793799 0.~~99935319~~99892794 0.~~21838252~~20700784 B-6 0.00000000 0.~~21838109~~20700937 ~~999~~998.~~35339152~~92814507 0.~~99935339~~99892815 0.~~21838109~~20700937 P 0.00000000 0.00000000 0.00000000 1.00000000 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 60,742,000.00 3.~~34000~~71000% 5851,~~461~~988,~~347~~532.5750 ~~178~~166,~~989~~088.1692 0.00 0.00 1-A-2 6,749,000.00 3.~~40000~~77000% 65,~~495~~776,~~598~~408.3551 2018,~~244~~752.6147 0.00 0.00 1-A-X 0.00 12.~~77169~~27513% 6457,~~956~~764,~~945~~941.9201 95109,~~902~~518.8380 0.00 0.00 2-A-1 75,738,000.00 5.~~20236~~20077% 7571,~~144~~698,~~463~~772.7667 ~~325~~310,~~774~~740.0172 0.00 0.00 3-A-1 91,973,000.00 5.~~53312~~53461% 8984,~~519~~983,~~768~~961.2592 ~~412~~391,~~769~~961.4519 0.00 0.00 3-A-2 9,198,000.00 5.~~59203~~59352% 8,~~952~~499,~~658~~043.1500 4139,~~719~~616.5933 0.00 0.00 3-A-X 0.00 0.05891% 8984,~~519~~983,~~768~~961.2592 4,~~394~~172.6700 0.00 0.00 4-A-1 11,600,000.00 5.~~32825~~31138% 11,~~585~~052,~~106~~293.3310 5148,~~440~~919.2911 0.00 0.00 5-A-1 11,718,000.00 5.~~41553~~41585% 11,~~301~~288,~~245~~460.2595 5150,~~001~~947.8319 0.00 0.00 A-LR 50.00 56.~~45701~~08347% 0.00 0.00 0.00 0.00 A-UR 50.00 56.~~45701~~08347% 0.00 0.00 0.00 0.00 B-1 13,237,000.00 5.~~43265~~59908% 13,~~231~~225,~~328~~549.8427 5961,~~901~~709.0304 0.00 0.00 B-2 5,504,000.00 5.~~43265~~59908% 5,~~501~~499,~~641~~238.9174 2425,~~907~~658.1088 0.00 0.00 B-3 4,015,000.00 5.~~43265~~59908% 4,~~013~~011,~~279~~526.8480 18,~~168~~717.9737 0.00 0.00 B-4 2,231,000.00 5.~~43265~~59908% 2,~~230~~229,~~044~~070.1706 10,~~095~~400.8861 0.00 0.00 B-5 2,677,000.00 5.~~43265~~59908% 2,~~675~~674,~~853~~684.0925 12,~~114~~479.1580 0.00 0.00 B-6 2,083,239.00 5.~~43265~~59908% 2,~~082~~081,~~346~~437.9031 9,~~427~~711.2377 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 297,465,339.01 1,~~316~~279,~~850~~394.8020 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 ~~178~~166,~~989~~088.1692 0.00 5648,~~498~~856,~~450~~261.0781 1-A-2 0.00 0.00 2018,~~244~~752.6147 0.00 65,~~277~~428,~~502~~384.2117 1-A-X 0.00 0.00 95109,~~902~~518.8380 0.00 6254,~~775~~284,~~952~~645.2998 2-A-1 0.00 0.00 ~~325~~310,~~774~~740.0172 0.00 7470,~~052~~258,~~065~~193.5154 3-A-1 0.00 0.00 ~~412~~391,~~769~~961.4519 0.00 8683,~~829~~940,~~110~~539.6963 3-A-2 0.00 0.00 4139,~~719~~616.5933 0.00 8,~~683~~394,~~571~~692.9283 3-A-X 0.00 0.00 4,~~394~~172.6700 0.00 8683,~~829~~940,~~110~~539.6963 4-A-1 0.00 0.00 5148,~~440~~919.2911 0.00 11,~~357~~046,~~261~~957.7357 5-A-1 0.00 0.00 5150,~~001~~947.8319 0.00 11,~~293~~279,~~743~~963.8036 A-LR 0.00 0.00 0.00 0.00 0.00 A-UR 0.00 0.00 0.39 0.00 0.00 B-1 0.00 0.00 5961,~~901~~709.0304 0.00 13,~~228~~222,~~438~~809.1310 B-2 0.00 0.00 2425,~~907~~658.1088 0.00 5,~~500~~498,~~439~~099.9437 B-3 0.00 0.00 18,~~168~~717.9737 0.00 4,~~012~~010,~~403~~695.0467 B-4 0.00 0.00 10,~~095~~400.8861 0.00 2,~~229~~228,~~556~~608.9623 B-5 0.00 0.00 12,~~114~~479.1580 0.00 2,~~675~~674,~~268~~130.4809 B-6 0.00 0.00 9,~~427~~711.2377 0.00 2,081,~~891~~006.9607 P 0.00 0.00 1016,~~118~~587.5989 0.00 0.01 Totals 0.00 0.00 1,~~326~~295,~~969~~982.7848 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 60,742,000.00 3.~~34000~~71000% ~~962~~855.~~45345181~~89102269 2.~~94671167~~73433407 0.00000000 0.00000000 1-A-2 6,749,000.00 3.~~40000~~77000% ~~962~~855.~~45345236~~89102237 2.~~99964587~~77855534 0.00000000 0.00000000 1-A-X 0.00 12.~~77169~~27513% ~~962~~855.~~45345187~~89102265 1.~~42097213~~62271710 0.00000000 0.00000000 2-A-1 75,738,000.00 5.~~20236~~20077% ~~992~~946.~~16329663~~66841836 4.~~30132840~~10283768 0.00000000 0.00000000 3-A-1 91,973,000.00 5.~~53312~~53461% ~~973~~924.~~32660944~~00989334 4.~~48794157~~26169843 0.00000000 0.00000000 3-A-2 9,198,000.00 5.~~59203~~59352% ~~973~~924.~~32660905~~00989346 4.~~53572407~~30705914 0.00000000 0.00000000 3-A-X 0.00 0.05891% ~~973~~924.~~32660944~~00989334 0.~~04778218~~04536114 0.00000000 0.00000000 4-A-1 11,600,000.00 5.~~32825~~31138% ~~998~~952.~~71606293~~78388793 4.~~43450776~~21716466 0.00000000 0.00000000 5-A-1 11,718,000.00 5.~~41553~~41585% ~~964~~963.~~43465182~~34365506 4.~~35243472~~34777180 0.00000000 0.00000000 A-LR 50.00 56.~~45701~~08347% 0.00000000 0.00000000 0.00000000 0.00000000 A-UR 50.00 56.~~45701~~08347% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,237,000.00 5.~~43265~~59908% 999.~~57156758~~13494523 4.~~52527234~~66185994 0.00000000 0.00000000 B-2 5,504,000.00 5.~~43265~~59908% 999.~~57156795~~13494549 4.~~52527253~~66186047 0.00000000 0.00000000 B-3 4,015,000.00 5.~~43265~~59908% 999.~~57156663~~13494396 4.~~52527273~~66186052 0.00000000 0.00000000 B-4 2,231,000.00 5.~~43265~~59908% 999.~~57156880~~13494397 4.~~52527118~~66186015 0.00000000 0.00000000 B-5 2,677,000.00 5.~~43265~~59908% 999.~~57156892~~13494583 4.~~52527083~~66186029 0.00000000 0.00000000 B-6 2,083,239.00 5.~~43265~~59908% 999.~~57177261~~13514964 4.~~52527530~~66186069 0.00000000 0.00000000 P 0.01 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.~~94671167~~73433407 0.00000000 ~~930~~804.~~13812634~~32422064 1-A-2 0.00000000 0.00000000 2.~~99964587~~77855534 0.00000000 ~~930~~804.~~13812565~~32422137 1-A-X 0.00000000 0.00000000 1.~~42097213~~62271710 0.00000000 ~~930~~804.~~13812642~~32422071 2-A-1 0.00000000 0.00000000 4.~~30132840~~10283768 0.00000000 ~~977~~927.~~73991273~~64785893 3-A-1 0.00000000 0.00000000 4.~~48794157~~26169843 0.00000000 ~~944~~912.~~07174595~~66501723 3-A-2 0.00000000 0.00000000 4.~~53572407~~30705914 0.00000000 ~~944~~912.~~07174603~~66501740 3-A-X 0.00000000 0.00000000 0.~~04778218~~04536114 0.00000000 ~~944~~912.~~07174595~~66501723 4-A-1 0.00000000 0.00000000 4.~~43450776~~21716466 0.00000000 ~~979~~952.~~07428707~~32392845 5-A-1 0.00000000 0.00000000 4.~~35243472~~34777180 0.00000000 ~~963~~962.~~79448711~~61848097 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-UR 0.00000000 0.00000000 7.80000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~52527234~~66185994 0.00000000 ~~999~~998.~~35318652~~92793684 B-2 0.00000000 0.00000000 4.~~52527253~~66186047 0.00000000 ~~999~~998.~~35318677~~92793786 B-3 0.00000000 0.00000000 4.~~52527273~~66186052 0.00000000 ~~999~~998.~~35318555~~92793773 B-4 0.00000000 0.00000000 4.~~52527118~~66186015 0.00000000 ~~999~~998.~~35318691~~92793814 B-5 0.00000000 0.00000000 4.~~52527083~~66186029 0.00000000 ~~999~~998.~~35318640~~92793799 B-6 0.00000000 0.00000000 4.~~52527530~~66186069 0.00000000 ~~999~~998.~~35339152~~92814507 P 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 7,~~868~~440,~~516~~384.7824 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 1016,~~118~~587.5989 Total Deposits 7,~~878~~456,~~635~~972.3713 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 7672,~~687~~351.6398 Payment of Interest and Principal 7,~~801~~384,~~947~~620.7415 Total Withdrawals (Pool Distribution Amount) 7,~~878~~456,~~635~~972.3713 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 7672,~~687~~351.6398 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7672,~~687~~351.6398

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 1 0 0 1 146,400.00 0.00 0.00 146,400.00 30 Days 21 0 0 0 21 6,~~152~~598,~~959~~777.9527 0.00 0.00 0.00 6,~~152~~598,~~959~~777.9527 60 Days 16 0 0 0 16 ~~368~~1,~~000~~656,129.0009 0.00 0.00 0.00 ~~368~~1,~~000~~656,129.0009 90 Days 0 0 05 0 05 0.00 0.00 01,488,586.0027 0.00 01,488,586.0027 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 2227 1 05 0 2333 68,~~520~~254,~~959~~906.9536 146,400.00 01,488,586.0027 0.00 69,~~667~~889,~~359~~892.9563 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.~~097561~~102354% 0.000000% 0.000000% 0.~~097561~~102354% 0.~~051411~~054431% 0.000000% 0.000000% 0.~~051411~~054431% 30 Days 2.~~048780~~149437% 0.000000% 0.000000% 0.000000% 2.~~048780~~149437% 2.~~160702~~453384% 0.000000% 0.000000% 0.000000% 2.~~160702~~453384% 60 Days 0.~~097561~~614125% 0.000000% 0.000000% 0.000000% 0.~~097561~~614125% 0.~~129229~~615738% 0.000000% 0.000000% 0.000000% 0.~~129229~~615738% 90 Days 0.000000% 0.000000% 0.~~000000~~511771% 0.000000% 0.~~000000~~511771% 0.000000% 0.000000% 0.~~000000~~553447% 0.000000% 0.~~000000~~553447% 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 2.~~146341~~763562% 0.~~097561~~102354% 0.~~000000~~511771% 0.000000% 23.~~243902~~377687% 23.~~289931~~069123% 0.~~051411~~054431% 0.~~000000~~553447% 0.000000% 23.~~341341~~677000%

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 1 0 0 1 146,400.00 0.00 0.00 146,400.00 30 Days 39 0 0 0 39 13,~~227~~286,~~119~~229.7274 0.00 0.00 0.00 13,~~227~~286,~~119~~229.7274 60 Days 1 0 0 0 1 ~~368~~74,~~000~~229.0009 0.00 0.00 0.00 ~~368~~74,~~000~~229.0009 90 Days 0 0 02 0 02 0.00 0.00 0884,900.00 0.00 0884,900.00 120 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 410 1 02 0 513 13,~~595~~360,~~119~~458.7283 146,400.00 0884,900.00 0.00 14,~~741~~391,~~519~~758.7283 0-29 Days 0.~~452489~~502513% 0.000000% 0.000000% 0.~~452489~~502513% 0.~~208290~~236935% 0.000000% 0.000000% 0.~~208290~~236935% 30 Days 14.~~357466~~522613% 0.000000% 0.000000% 0.000000% 14.~~357466~~522613% 15.~~745881~~318463% 0.000000% 0.000000% 0.000000% 15.~~745881~~318463% 60 Days 0.~~452489~~502513% 0.000000% 0.000000% 0.000000% 0.~~452489~~502513% 0.~~523571~~120133% 0.000000% 0.000000% 0.000000% 0.~~523571~~120133% 90 Days 0.000000% 0.000000% 01.~~000000~~005025% 0.000000% 01.~~000000~~005025% 0.000000% 0.000000% 01.~~000000~~432130% 0.000000% 01.~~000000~~432130% 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 15.~~809955~~025126% 0.~~452489~~502513% 01.~~000000~~005025% 0.000000% 26.~~262443~~532663% 25.~~269451~~438596% 0.~~208290~~236935% 01.~~000000~~432130% 0.000000% 27.~~477742~~107662% 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 26 0 0 0 26 ~~628~~1,~~000~~933,140.00 0.00 0.00 0.00 ~~628~~1,~~000~~933,140.00 60 Days 02 0 0 0 02 0540,000.00 0.00 0.00 0.00 0540,000.00 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 28 0 0 0 28 ~~628~~2,~~000~~473,140.00 0.00 0.00 0.00 ~~628~~2,~~000~~473,140.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~754717~~343750% 0.000000% 0.000000% 0.000000% 02.~~754717~~343750% 02.~~765214~~469743% 0.000000% 0.000000% 0.000000% 02.~~765214~~469743% 60 Days 0.~~000000~~781250% 0.000000% 0.000000% 0.000000% 0.~~000000~~781250% 0.~~000000~~689894% 0.000000% 0.000000% 0.000000% 0.~~000000~~689894% 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 03.~~754717~~125000% 0.000000% 0.000000% 0.000000% 03.~~754717~~125000% 03.~~765214~~159637% 0.000000% 0.000000% 0.000000% 03.~~765214~~159637% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 145 0 0 0 145 31,~~630~~069,~~624~~907.0653 0.00 0.00 0.00 31,~~630~~069,~~624~~907.0653 60 Days 03 0 0 0 03 01,041,900.00 0.00 0.00 0.00 01,041,900.00 90 Days 0 0 03 0 03 0.00 0.00 0603,686.0027 0.00 0603,686.0027 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 148 0 03 0 1411 32,~~630~~111,~~624~~807.0653 0.00 0603,686.0027 0.00 32,~~630~~715,~~624~~493.0680 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 31.~~118040~~154734% 0.000000% 0.000000% 0.000000% 31.~~118040~~154734% 31.~~387884~~028916% 0.000000% 0.000000% 0.000000% 31.~~387884~~028916% 60 Days 0.~~000000~~692841% 0.000000% 0.000000% 0.000000% 0.~~000000~~692841% 01.~~000000~~001982% 0.000000% 0.000000% 0.000000% 01.~~000000~~001982% 90 Days 0.000000% 0.000000% 0.~~000000~~692841% 0.000000% 0.~~000000~~692841% 0.000000% 0.000000% 0.~~000000~~580557% 0.000000% 0.~~000000~~580557% 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 31.~~118040~~847575% 0.000000% 0.~~000000~~692841% 0.000000% 32.~~118040~~540416% 32.~~387884~~030898% 0.000000% 0.~~000000~~580557% 0.000000% 32.~~387884~~611455% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 21 0 0 0 21 ~~667~~309,~~216~~500.1700 0.00 0.00 0.00 ~~667~~309,~~216~~500.1700 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 21 0 0 0 21 ~~667~~309,~~216~~500.1700 0.00 0.00 0.00 ~~667~~309,~~216~~500.1700 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 52.~~555556~~777778% 0.000000% 0.000000% 0.000000% 52.~~555556~~777778% 52.~~295397~~459431% 0.000000% 0.000000% 0.000000% 52.~~295397~~459431% 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 52.~~555556~~777778% 0.000000% 0.000000% 0.000000% 52.~~555556~~777778% 52.~~295397~~459431% 0.000000% 0.000000% 0.000000% 52.~~295397~~459431%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3250,~~814~~979.8639

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 8,923,960.00 2.99999994% 8,923,960.00 3.~~13429659~~31843993% Fraud 150,000.00 0.05042604% 150,000.00 0.~~05268339~~05577860% Special Hazard 3,300,000.00 1.10937295% 3,300,000.00 1.~~15903464~~22712919% Limit of Subordinate's Exposure to Certain Types of Losses

REO Detail - All Mortgage Loans in REO during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~REO ~~Mixed~~History* ~~ARM~~New ~~Weighted~~REO ~~Average~~Loans ~~Gross~~Month ~~Coupon~~REO 5Percentage Loans in REO 0 Sep-04 0.~~742710~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Oct-04 0.~~426684~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Nov-~~Through~~04 ~~Rate~~0.000% 5Dec-04 0.~~426684~~000% ~~Weighted~~Current ~~Average~~REO ~~Maturity(Stepdown~~Total ~~Calculation)~~Jan-05 ~~355~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~REO ~~Loan~~0 ~~Count~~Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1~~,046~~ ~~Number~~12 OfMonth REO History* New REO Loans ~~Paid~~Month InREO ~~Full~~Percentage 21Loans ~~Ending~~in ~~Scheduled~~REO ~~Collateral~~0 ~~Loan~~Sep-04 ~~Count~~0.000% ~~1,025~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Oct-04 0.000% Current Principal Balance ~~291,194,682~~0.6400 ~~Ending~~Nov-04 ~~Scheduled~~0.000% ~~Collateral~~Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance ~~284,719,704~~0.6800 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at 31www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-~~2005~~05 ~~284,766,710~~0.91000% ~~Monthly~~Jun-05 ~~P&I~~0.000% ~~Constant~~Jul-05 ~~1,456,421~~0.47000% ~~Special~~Aug-05 ~~Servicing~~0.000% ~~Fee~~*The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 ~~Prepayment~~Oct-04 ~~Penalties~~0.000% ~~10,118~~Current Principal Balance 0.5900 ~~Realized~~Nov-04 ~~Loss~~0.000% ~~Amount~~Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 ~~Cumulative~~Mar-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Scheduled~~Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal ~~62,882~~Balance 0.6900 ~~Unscheduled~~Oct-04 0.000% Current Principal ~~6,412,095~~Balance 0.2700 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 5 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Group~~REO Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.827288 5.486454 5.898637 Weighted Average Net Rate 5.452288 5.202365 5.592029 Weighted Average Maturity 355 356 355 Beginning Loan ~~Count~~Detail ~~228~~- ~~268~~All ~~459~~Mortgage Loans ~~Paid~~in InREO ~~Full~~during 7Current 3Period 10Month ~~Ending~~ Loan ~~Count~~First ~~221~~Original ~~265~~Loan ~~449~~Entered ~~Beginning~~Payment ~~Scheduled~~LTV ~~Balance~~at ~~72,451,526.46~~Principal ~~83,156,729.37~~Group ~~110,110,872.56~~Number ~~Ending~~REO ~~Scheduled Balance 70,268,026.29 82,063,699.15 107,148,835.14 Record~~ Date ~~05/31/2005~~State ~~05/31/2005~~Origination ~~05/31/2005~~Balance ~~Principal~~No ~~And~~REO ~~Interest~~loans ~~Constant~~this ~~376,061~~period.13 386,755.34 562,953.24 Scheduled Principal 24,231.19 6,559.00 21,699.89 Unscheduled Principal 2,159,268.98 1,086,471.22 2,940,337.53 Scheduled Interest 351,829.94 380,196.34 541,253.35 Servicing Fees 22,641.10 19,686.62 28,134.05 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 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 329,188.84 360,509.72 513,119.30 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 5.452288 5.202365 5.592029

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All 4Mortgage 5Loans ~~Total~~in ~~Collateral~~REO ~~Description~~during ~~Mixed~~Current ~~ARM~~Period ~~Mixed~~(continued) ~~ARM~~Current ~~Mixed~~Paid ~~ARM~~Current ~~Weighted~~Approximate ~~Average Coupon Rate 5.600796 5.729954 5.742710 Weighted Average Net Rate 5.328250 5.415527 5.426684 Weighted Average Maturity 353 354 355 Beginning~~ Loan ~~Count~~Principal 55To 36Months ~~1,046 Loans Paid In Full 1 0 21 Ending~~ Loan ~~Count~~Delinquent 54Group 36Number ~~1,025 Beginning Scheduled~~ Balance ~~12,874,014.73 12,601,539.52 291,194,682.64 Ending scheduled Balance 12,645,900.50 12,593,243.60 284,719,704.68 Record~~ Date ~~05/31/2005~~Delinquent ~~05/31/2005~~Rate ~~05/31/2005 Principal And~~ Interest ~~Constant~~No ~~62,780.44~~REO ~~67,871.32~~loans ~~1,456,421.47~~this ~~Scheduled Principal 2,693~~period.16 7,699.45 62,882.69 Unscheduled Principal 225,421.07 596.47 6,412,095.27 Scheduled Interest 60,087.28 60,171.87 1,393,538.78 Servicing Fees 2,923.97 3,301.89 76,687.63 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 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 57,163.31 56,869.98 1,316,851.15 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 5.328250 5.415527 5.426684

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Group

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · MASTR Adjustable Rate Mortgages Trust 2005-3