8-K 1 nym05001_10505.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): May 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 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 May 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 May 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: 5/25/2005 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 May 25, 2005 distribution. EX-99.1

New York Mortgage Trust Mortgage-Backed Notes Record Date: 34/3129/2005 Distribution Date: 45/25/2005 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 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 A 649603AA5 SEN 3.~~12000~~29000% ~~386~~381,~~496~~315,~~044~~531.5824 1,~~038~~045,~~386~~440.0408 519,~~180~~424,~~513~~520.3557 M-1 649603AB3 MEZ 3.~~35000~~52000% 18,~~600~~351,~~617~~298.2843 53,~~657~~830.6148 ~~249~~934,~~318~~829.8494 M-2 649603AC1 MEZ 3.~~70000~~87000% 5,~~993~~913,~~356~~023.8412 19,~~095~~069.50 80301,~~333~~214.7216 OT NYM0501OT excess 0.00000% 0.00 ~~356~~326,~~843~~721.8384 0.00 Totals ~~411~~405,~~090~~579,~~018~~852.7079 1,~~467~~445,~~982~~061.9890 520,~~510~~660,~~165~~564.9167

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~381~~361,~~315~~891,~~531~~010.2467 620,~~218~~469,~~899~~960.3965 0.00 M-1 0.00 1817,~~351~~416,~~298~~468.4350 ~~302~~988,~~976~~660.4542 0.00 M-2 0.00 5,~~913~~611,~~023~~808.1296 99320,~~429~~283.2266 0.00 OT 0.00 0.00 ~~356~~326,~~843~~721.8384 0.00 Totals 0.00 ~~405~~384,~~579~~919,~~852~~288.7913 622,~~978~~105,~~148~~626.8957 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 ~~386~~381,~~496~~315,~~044~~531.5824 0.00 519,~~180~~424,~~513~~520.3557 0.00 0.00 M-1 18,854,000.00 18,~~600~~351,~~617~~298.2843 0.00 ~~249~~934,~~318~~829.8494 0.00 0.00 M-2 6,075,000.00 5,~~993~~913,~~356~~023.8412 0.00 80301,~~333~~214.7216 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 416,690,000.00 ~~411~~405,~~090~~579,~~018~~852.7079 0.00 520,~~510~~660,~~165~~564.9167 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 519,~~180~~424,~~513~~520.3557 ~~381~~361,~~315~~891,~~531~~010.2467 0.~~97333714~~92375456 519,~~180~~424,~~513~~520.3557 M-1 ~~249~~934,~~318~~829.8494 1817,~~351~~416,~~298~~468.4350 0.~~97333714~~92375456 ~~249~~934,~~318~~829.8494 M-2 80301,~~333~~214.7216 5,~~913~~611,~~023~~808.1296 0.~~97333714~~92375456 80301,~~333~~214.7216 OT 0.00 0.00 0.00000000 0.00 Totals 520,~~510~~660,~~165~~564.9167 ~~405~~384,~~579~~919,~~852~~288.7913 0.~~97333714~~92375456 520,~~510~~660,~~165~~564.9167

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 391,761,000.00 ~~986~~973.~~56079748~~33713984 0.00000000 1349.~~22365766~~58257859 0.00000000 M-1 18,854,000.00 ~~986~~973.~~56079771~~33713960 0.00000000 1349.~~22365758~~58257876 0.00000000 M-2 6,075,000.00 ~~986~~973.~~56079671~~33713909 0.00000000 1349.~~22365761~~58257778 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 1349.~~22365766~~58257859 ~~973~~923.~~33713984~~75456125 0.~~97333714~~92375456 1349.~~22365766~~58257859 M-1 0.00000000 1349.~~22365758~~58257876 ~~973~~923.~~33713960~~75456137 0.~~97333714~~92375456 1349.~~22365758~~58257876 M-2 0.00000000 1349.~~22365761~~58257778 ~~973~~923.~~33713909~~75456132 0.~~97333714~~92375456 1349.~~22365761~~58257778 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.~~12000~~29000% ~~386~~381,~~496~~315,~~044~~531.5824 1,~~038~~045,~~386~~440.0408 0.00 0.00 M-1 18,854,000.00 3.~~35000~~52000% 18,~~600~~351,~~617~~298.2843 53,~~657~~830.6148 0.00 0.00 M-2 6,075,000.00 3.~~70000~~87000% 5,~~993~~913,~~356~~023.8412 19,~~095~~069.50 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 416,690,000.00 1,~~111~~118,~~139~~340.1506 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 1,~~038~~045,~~386~~440.0408 0.00 ~~381~~361,~~315~~891,~~531~~010.2467 M-1 0.00 0.00 53,~~657~~830.6148 0.00 1817,~~351~~416,~~298~~468.4350 M-2 0.00 0.00 19,~~095~~069.50 0.00 5,~~913~~611,~~023~~808.1296 OT 0.00 0.00 ~~356~~326,~~843~~721.8384 0.00 0.00 Totals 0.00 0.00 1,~~467~~445,~~982~~061.9890 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.~~12000~~29000% ~~986~~973.~~56079748~~33713984 2.~~65056001~~66856599 0.00000000 0.00000000 M-1 18,854,000.00 3.~~35000~~52000% ~~986~~973.~~56079771~~33713960 2.~~84595364~~85512252 0.00000000 0.00000000 M-2 6,075,000.00 3.~~70000~~87000% ~~986~~973.~~56079671~~33713909 3.~~14329218~~13901235 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.~~65056001~~66856599 0.00000000 ~~973~~923.~~33713984~~75456125 M-1 0.00000000 0.00000000 2.~~84595364~~85512252 0.00000000 ~~973~~923.~~33713960~~75456137 M-2 0.00000000 0.00000000 3.~~14329218~~13901235 0.00000000 ~~973~~923.~~33713909~~75456132 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 0.00 Deposits Payments of Interest and Principal 722,~~064~~205,~~070~~257.1531 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~7,617~~0.6100 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 722,~~071~~205,~~687~~257.7631 Withdrawals Reimbursement for Servicer Advances 07,617.0061 Payment of Service Fee 93116,~~538~~425.8713 Payment of Interest and Principal 622,~~978~~105,~~148~~626.8957 Total Withdrawals (Pool Distribution Amount) 722,~~071~~229,~~687~~669.7631 Ending Balance 0(24,412.00)

SERVICING FEES Gross Servicing Fee 8987,~~404~~934.9330 Special Servicing Fee 24,411.99 Wells Fargo Master Service Fee 4,~~133~~078.9484 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 93116,~~538~~425.8713

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 30 0 0 0 30 ~~1,815,379~~0.1400 0.00 0.00 0.00 ~~1,815,379~~0.1400 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 30 0 0 0 30 ~~1,815,379~~0.1400 0.00 0.00 0.00 ~~1,815,379~~0.1400 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.~~375469~~000000% 0.000000% 0.000000% 0.000000% 0.~~375469~~000000% 0.~~444717~~000000% 0.000000% 0.000000% 0.000000% 0.~~444717~~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.~~375469~~000000% 0.000000% 0.000000% 0.000000% 0.~~375469~~000000% 0.~~444717~~000000% 0.000000% 0.000000% 0.000000% 0.~~444717~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~7,617~~0.6100

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 4.~~581435~~592940% Weighted Average Net Coupon 4.~~321910~~334237% Weighted Average Pass-Through Rate 4.~~238840~~250416% Weighted Average Maturity (Stepdown Calculation ) ~~348~~347 Beginning Scheduled Collateral Loan Count ~~803~~799 Number ofOf Loans Paid In Full 440 Ending Scheduled Collateral Loan Count ~~799~~759 Beginning Scheduled Collateral Balance ~~413~~407,~~394~~884,~~497~~331.1726 Ending Scheduled Collateral Balance ~~407~~387,~~884~~223,~~331~~766.2659 Ending Actual Collateral Balance at 3129-~~Mar~~Apr-2005 ~~408~~387,~~210~~370,~~322~~869.7236 Monthly P &I Constant 1,~~793~~775,~~181~~857.4457 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 214,~~898~~700.2164 Unscheduled Principal 520,~~295~~445,~~267~~864.7003 Extra principal distribution Amount 0.00 Excess Cash Amount ~~356~~326,~~843~~721.8384

Other Income ~~7722~~333.0200 Swap Payment 0.00 Wachovia-Additional Service Fee Amount ~~666~~665.6088 Wachovia- Scheduled Beginning Principal Bal 159,~~983~~810,~~962~~439.4807 Wachovia - Loan Count 355

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 520,~~510~~660,~~165~~564.9167

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