8-K 1 prm05001_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 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-03 54-2168035 Pooling and Servicing Agreement) (Commission 54-2168036 (State or other File Number) 54-2168037 jurisdiction 54-2168038 of Incorporation) 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 July 25, 2005 a distribution was made to holders of PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, 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 Pass-Through Certificates, 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the July 25, 2005 distribution. EX-99.1

Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates 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 I-A-1 74160MGJ5 SEN 5.50000% ~~110~~106,~~370~~732,~~947~~189.3569 ~~505~~489,~~866~~189.8420 I-A-2 74160MGK2 SEN 5.50000% 4,033,796.00 18,488.23 I-A-3 74160MGL0 SEN 5.35000% 17,400,000.00 77,575.00 I-A-4 74160MGM8 SEN 0.08000% 0.00 1,160.00 I-A-5 74160MGN6 SEN 5.50000% 15,496,000.00 71,023.33 I-A-6 74160MGP1 SEN 3.~~49000~~71438% 12,~~983~~574,~~117~~772.4012 3738,~~759~~922.2390 I-A-7 74160MGQ9 SEN 4.~~51000~~28562% 0.00 4844,~~794~~908.8891 I-A-8 74160MGZ9 SEN 5.50000% 504,000.00 2,310.00 I-PO 74160MGR7 SEN 0.00000% 1,~~412~~387,~~459~~613.6364 0.00 R-1 74160MGS5 RES 5.50000% 0.00 0.00 I-B-1 74160MGT3 SUB 5.~~72704~~72706% 3,~~196~~192,~~599~~733.0307 15,~~255~~237.8949 I-B-2 74160MGU0 SUB 5.~~72704~~72706% 1,~~095~~094,~~720~~395.9074 5,~~229~~223.3706 I-B-3 74160MGV8 SUB 5.~~72704~~72706% 638,~~921~~149.7201 3,~~049~~045.2860 I-B-4 74160MGW6 SUB 5.~~72704~~72706% ~~365~~364,~~240~~798.3058 1,~~743~~741.1202 I-B-5 74160MGX4 SUB 5.~~72704~~72706% 274,~~676~~344.6344 1,~~310~~309.9032 I-B-6 74160MGY2 SUB 5.~~72704~~72706% 365,~~672~~305.5121 1,~~745~~742.1937 RADIAN SEN 0.07000% 0.00 1,~~015~~018.0078 Totals ~~168~~164,~~137~~058,~~151~~097.4750 ~~792~~772,~~326~~895.2621

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 32,~~638~~075,~~757~~223.6617 0.00 ~~106~~104,~~732~~656,~~189~~966.6952 42,~~144~~564,~~624~~412.5037 0.00 I-A-2 0.00 0.00 4,033,796.00 18,488.23 0.00 I-A-3 0.00 0.00 17,400,000.00 77,575.00 0.00 I-A-4 0.00 0.00 0.00 1,160.00 0.00 I-A-5 0.00 0.00 15,496,000.00 71,023.33 0.00 I-A-6 ~~408~~170,~~345~~420.2844 0.00 12,~~574~~404,~~772~~351.1268 ~~446~~209,~~104~~343.5134 0.00 I-A-7 0.00 0.00 0.00 4844,~~794~~908.8891 0.00 I-A-8 0.00 0.00 504,000.00 2,310.00 0.00 I-PO 244,~~846~~443.0076 0.00 1,~~387~~383,~~613~~169.6487 244,~~846~~443.0076 0.00 R-1 0.00 0.00 0.00 0.00 0.00 I-B-1 3,~~865~~918.9600 0.00 3,~~192~~188,~~733~~815.07 19,~~121~~155.8549 0.00 I-B-2 1,~~325~~343.1600 0.00 1,~~094~~093,~~395~~052.74 6,~~554~~566.5306 0.00 I-B-3 ~~772~~783.7111 0.00 ~~638~~637,~~149~~365.0190 3,~~821~~828.9971 0.00 I-B-4 ~~441~~447.7267 0.00 364,~~798~~350.5891 2,~~184~~188.8469 0.00 I-B-5 ~~332~~336.1967 0.00 274,~~344~~007.4477 1,~~643~~645.0999 0.00 I-B-6 ~~367~~373.2905 0.00 ~~365~~364,~~305~~932.2117 2,~~112~~115.4842 0.00 RADIAN 0.00 0.00 0.00 1,~~015~~018.0078 0.00 Totals 42,~~079~~257,~~053~~288.9787 0.00 ~~164~~161,~~058~~800,~~097~~808.5063 43,~~871~~030,~~380~~184.2308 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) I-A-1 122,951,000.00 ~~110~~106,~~370~~732,~~947~~189.3569 ~~179~~178,~~994~~105.4010 31,~~458~~897,~~763~~118.2508 0.00 0.00 I-A-2 4,033,796.00 4,033,796.00 0.00 0.00 0.00 0.00 I-A-3 17,400,000.00 17,400,000.00 0.00 0.00 0.00 0.00 I-A-4 0.00 0.00 0.00 0.00 0.00 0.00 I-A-5 15,496,000.00 15,496,000.00 0.00 0.00 0.00 0.00 I-A-6 15,731,068.00 12,~~983~~574,~~117~~772.4012 14,~~616~~398.0360 ~~393~~156,~~729~~021.2584 0.00 0.00 I-A-7 0.00 0.00 0.00 0.00 0.00 0.00 I-A-8 504,000.00 504,000.00 0.00 0.00 0.00 0.00 I-PO 1,458,035.73 1,~~412~~387,~~459~~613.6364 2,~~743~~732.0512 221,~~102~~711.9465 0.00 0.00 R-1 100.00 0.00 0.00 0.00 0.00 0.00 I-B-1 3,212,000.00 3,~~196~~192,~~599~~733.0307 3,~~865~~918.9600 0.00 0.00 0.00 I-B-2 1,101,000.00 1,~~095~~094,~~720~~395.9074 1,~~325~~343.1600 0.00 0.00 0.00 I-B-3 642,000.00 638,~~921~~149.7201 ~~772~~783.7111 0.00 0.00 0.00 I-B-4 367,000.00 ~~365~~364,~~240~~798.3058 ~~441~~447.7267 0.00 0.00 0.00 I-B-5 276,000.00 274,~~676~~344.6344 ~~332~~336.1967 0.00 0.00 0.00 I-B-6 367,285.25 365,~~672~~305.5121 ~~367~~373.2905 0.00 0.00 0.00 RADIAN 0.00 0.00 0.00 0.00 0.00 0.00 Totals 183,539,284.98 ~~168~~164,~~137~~058,~~151~~097.4750 ~~204~~202,~~458~~437.5132 32,~~874~~054,~~595~~851.4457 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 I-A-1 32,~~638~~075,~~757~~223.6617 ~~106~~104,~~732~~656,~~189~~966.6952 0.~~86808720~~85120875 32,~~638~~075,~~757~~223.6617 I-A-2 0.00 4,033,796.00 1.00000000 0.00 I-A-3 0.00 17,400,000.00 1.00000000 0.00 I-A-4 0.00 0.00 0.00000000 0.00 I-A-5 0.00 15,496,000.00 1.00000000 0.00 I-A-6 ~~408~~170,~~345~~420.2844 12,~~574~~404,~~772~~351.1268 0.~~79935908~~78852572 ~~408~~170,~~345~~420.2844 I-A-7 0.00 0.00 0.00000000 0.00 I-A-8 0.00 504,000.00 1.00000000 0.00 I-PO 244,~~846~~443.0076 1,~~387~~383,~~613~~169.6487 0.~~95170071~~94865293 244,~~846~~443.0076 R-1 0.00 0.00 0.00000000 0.00 I-B-1 3,~~865~~918.9600 3,~~192~~188,~~733~~815.07 0.~~99400158~~99278178 3,~~865~~918.9600 I-B-2 1,~~325~~343.1600 1,~~094~~093,~~395~~052.74 0.~~99400158~~99278178 1,~~325~~343.1600 I-B-3 ~~772~~783.7111 ~~638~~637,~~149~~365.0190 0.~~99400157~~99278178 ~~772~~783.7111 I-B-4 ~~441~~447.7267 364,~~798~~350.5891 0.~~99400158~~99278177 ~~441~~447.7267 I-B-5 ~~332~~336.1967 274,~~344~~007.4477 0.~~99400159~~99278178 ~~332~~336.1967 I-B-6 ~~367~~373.2905 ~~365~~364,~~305~~932.2117 0.~~99460899~~99359332 ~~367~~373.2905 RADIAN 0.00 0.00 0.00000000 0.00 Totals 42,~~079~~257,~~053~~288.9787 ~~164~~161,~~058~~800,~~097~~808.5063 0.~~89385821~~88155955 42,~~079~~257,~~053~~288.9787

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 122,951,000.00 ~~897~~868.~~68238851~~08720295 1.~~46395231~~44858602 2815.~~13123317~~42987109 0.00000000 I-A-2 4,033,796.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-3 17,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 15,496,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 15,731,068.00 ~~825~~799.~~31697149~~35908484 0.~~92911873~~91529704 259.~~02876791~~91807041 0.00000000 I-A-7 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-8 504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-PO 1,458,035.73 ~~968~~951.~~74143818~~70071038 1.~~88133250~~87383611 151.~~15939531~~17394242 0.00000000 R-1 100.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 3,212,000.00 ~~995~~994.~~20517746~~00157846 1.~~20359900~~21980075 0.00000000 0.00000000 I-B-2 1,101,000.00 ~~995~~994.~~20517711~~00158038 1.~~20359673~~21980018 0.00000000 0.00000000 I-B-3 642,000.00 ~~995~~994.~~20517134~~00157321 1.~~20359813~~21979751 0.00000000 0.00000000 I-B-4 367,000.00 ~~995~~994.~~20517711~~00158038 1.~~20359673~~21980926 0.00000000 0.00000000 I-B-5 276,000.00 ~~995~~994.~~20518116~~00159420 1.~~20358696~~21981884 0.00000000 0.00000000 I-B-6 367,285.25 ~~995~~994.~~60902595~~60898580 1.~~00001293~~01569557 0.00000000 0.00000000 RADIAN 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 I-A-1 0.00000000 2916.~~59518556~~87845703 ~~868~~851.~~08720295~~20874592 0.~~86808720~~85120875 2916.~~59518556~~87845703 I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 2510.~~95788665~~83336745 ~~799~~788.~~35908484~~52571739 0.~~79935908~~78852572 2510.~~95788665~~83336745 I-A-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-PO 0.00000000 173.~~04073466~~04777168 ~~951~~948.~~70071038~~65293185 0.~~95170071~~94865293 173.~~04073466~~04777168 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 1.~~20359900~~21980075 ~~994~~992.~~00157846~~78177771 0.~~99400158~~99278178 1.~~20359900~~21980075 I-B-2 0.00000000 1.~~20359673~~21980018 ~~994~~992.~~00158038~~78178020 0.~~99400158~~99278178 1.~~20359673~~21980018 I-B-3 0.00000000 1.~~20359813~~21979751 ~~994~~992.~~00157321~~78177570 0.~~99400157~~99278178 1.~~20359813~~21979751 I-B-4 0.00000000 1.~~20359673~~21980926 ~~994~~992.~~00158038~~78177112 0.~~99400158~~99278177 1.~~20359673~~21980926 I-B-5 0.00000000 1.~~20358696~~21981884 ~~994~~992.~~00159420~~78177536 0.~~99400159~~99278178 1.~~20358696~~21981884 I-B-6 0.00000000 1.~~00001293~~01569557 ~~994~~993.~~60898580~~59331746 0.~~99460899~~99359332 1.~~00001293~~01569557 RADIAN 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 I-A-1 122,951,000.00 5.50000% ~~110~~106,~~370~~732,~~947~~189.3569 ~~505~~489,~~866~~189.8420 0.00 0.00 I-A-2 4,033,796.00 5.50000% 4,033,796.00 18,488.23 0.00 0.00 I-A-3 17,400,000.00 5.35000% 17,400,000.00 77,575.00 0.00 0.00 I-A-4 0.00 0.08000% 17,400,000.00 1,160.00 0.00 0.00 I-A-5 15,496,000.00 5.50000% 15,496,000.00 71,023.33 0.00 0.00 I-A-6 15,731,068.00 3.~~49000~~71438% 12,~~983~~574,~~117~~772.4012 3738,~~759~~922.2390 0.00 0.00 I-A-7 0.00 4.~~51000~~28562% 12,~~983~~574,~~117~~772.4012 4844,~~794~~908.8891 0.00 0.00 I-A-8 504,000.00 5.50000% 504,000.00 2,310.00 0.00 0.00 I-PO 1,458,035.73 0.00000% 1,~~412~~387,~~459~~613.6364 0.00 0.00 0.00 R-1 100.00 5.50000% 0.00 0.00 0.00 0.00 I-B-1 3,212,000.00 5.~~72704~~72706% 3,~~196~~192,~~599~~733.0307 15,~~255~~237.8949 0.00 0.00 I-B-2 1,101,000.00 5.~~72704~~72706% 1,~~095~~094,~~720~~395.9074 5,~~229~~223.3706 0.00 0.00 I-B-3 642,000.00 5.~~72704~~72706% 638,~~921~~149.7201 3,~~049~~045.2860 0.00 0.00 I-B-4 367,000.00 5.~~72704~~72706% ~~365~~364,~~240~~798.3058 1,~~743~~741.1202 0.00 0.00 I-B-5 276,000.00 5.~~72704~~72706% 274,~~676~~344.6344 1,~~310~~309.9032 0.00 0.00 I-B-6 367,285.25 5.~~72704~~72706% 365,~~672~~305.5121 1,~~745~~743.1944 0.00 0.00 RADIAN 0.00 0.07000% 17,400,000.00 1,015.00 0.00 0.00 Totals 183,539,284.98 ~~792~~772,~~326~~892.2650 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 I-A-1 0.00 0.00 ~~505~~489,~~866~~189.8420 0.00 ~~106~~104,~~732~~656,~~189~~966.6952 I-A-2 0.00 0.00 18,488.23 0.00 4,033,796.00 I-A-3 0.00 0.00 77,575.00 0.00 17,400,000.00 I-A-4 0.00 0.00 1,160.00 0.00 17,400,000.00 I-A-5 0.00 0.00 71,023.33 0.00 15,496,000.00 I-A-6 0.00 0.00 3738,~~759~~922.2390 0.00 12,~~574~~404,~~772~~351.1268 I-A-7 0.00 0.00 4844,~~794~~908.8891 0.00 12,~~574~~404,~~772~~351.1268 I-A-8 0.00 0.00 2,310.00 0.00 504,000.00 I-PO 0.00 0.00 0.00 0.00 1,~~387~~383,~~613~~169.6487 R-1 0.00 0.00 0.00 0.00 0.00 I-B-1 0.00 0.00 15,~~255~~237.8949 0.00 3,~~192~~188,~~733~~815.07 I-B-2 0.00 0.00 5,~~229~~223.3706 0.00 1,~~094~~093,~~395~~052.74 I-B-3 0.00 0.00 3,~~049~~045.2860 0.00 ~~638~~637,~~149~~365.0190 I-B-4 0.00 0.00 1,~~743~~741.1202 0.00 364,~~798~~350.5891 I-B-5 0.00 0.00 1,~~310~~309.9032 0.00 274,~~344~~007.4477 I-B-6 0.00 0.00 1,~~745~~742.1937 0.00 ~~365~~364,~~305~~932.2117 RADIAN 0.00 0.00 1,~~015~~018.0078 0.00 17,400,000.00 Totals 0.00 0.00 ~~792~~772,~~326~~895.2621 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 I-A-1 122,951,000.00 5.50000% ~~897~~868.~~68238851~~08720295 43.~~11437760~~97873299 0.00000000 0.00000000 I-A-2 4,033,796.00 5.50000% 1000.00000000 4.58333292 0.00000000 0.00000000 I-A-3 17,400,000.00 5.35000% 1000.00000000 4.45833333 0.00000000 0.00000000 I-A-4 0.00 0.08000% 1000.00000000 0.06666667 0.00000000 0.00000000 I-A-5 15,496,000.00 5.50000% 1000.00000000 4.58333312 0.00000000 0.00000000 I-A-6 15,731,068.00 3.~~49000~~71438% ~~825~~799.~~31697149~~35908484 2.~~40029666~~47426939 0.00000000 0.00000000 I-A-7 0.00 4.~~51000~~28562% ~~825~~799.~~31697149~~35908484 32.~~10181610~~85479091 0.00000000 0.00000000 I-A-8 504,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-PO 1,458,035.73 0.00000% ~~968~~951.~~74143818~~70071038 0.00000000 0.00000000 0.00000000 R-1 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 3,212,000.00 5.~~72704~~72706% ~~995~~994.~~20517746~~00157846 4.~~74965442~~74392590 0.00000000 0.00000000 I-B-2 1,101,000.00 5.~~72704~~72706% ~~995~~994.~~20517711~~00158038 4.~~74965486~~74392371 0.00000000 0.00000000 I-B-3 642,000.00 5.~~72704~~72706% ~~995~~994.~~20517134~~00157321 4.~~74965732~~74392523 0.00000000 0.00000000 I-B-4 367,000.00 5.~~72704~~72706% ~~995~~994.~~20517711~~00158038 4.~~74964578~~74392371 0.00000000 0.00000000 I-B-5 276,000.00 5.~~72704~~72706% ~~995~~994.~~20518116~~00159420 4.~~74963768~~74391304 0.00000000 0.00000000 I-B-6 367,285.25 5.~~72704~~72706% ~~995~~994.~~60902595~~60898580 4.~~75159294~~74682825 0.00000000 0.00000000 RADIAN 0.00 0.07000% 1000.00000000 0.05833333 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 I-A-1 0.00000000 0.00000000 43.~~11437760~~97873299 0.00000000 ~~868~~851.~~08720295~~20874592 I-A-2 0.00000000 0.00000000 4.58333292 0.00000000 1000.00000000 I-A-3 0.00000000 0.00000000 4.45833333 0.00000000 1000.00000000 I-A-4 0.00000000 0.00000000 0.06666667 0.00000000 1000.00000000 I-A-5 0.00000000 0.00000000 4.58333312 0.00000000 1000.00000000 I-A-6 0.00000000 0.00000000 2.~~40029666~~47426939 0.00000000 ~~799~~788.~~35908484~~52571739 I-A-7 0.00000000 0.00000000 32.~~10181610~~85479091 0.00000000 ~~799~~788.~~35908484~~52571739 I-A-8 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~951~~948.~~70071038~~65293185 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.00000000 4.~~74965442~~74392590 0.00000000 ~~994~~992.~~00157846~~78177771 I-B-2 0.00000000 0.00000000 4.~~74965486~~74392371 0.00000000 ~~994~~992.~~00158038~~78178020 I-B-3 0.00000000 0.00000000 4.~~74965732~~74392523 0.00000000 ~~994~~992.~~00157321~~78177570 I-B-4 0.00000000 0.00000000 4.~~74964578~~74392371 0.00000000 ~~994~~992.~~00158038~~78177112 I-B-5 0.00000000 0.00000000 4.~~74963768~~74391304 0.00000000 ~~994~~992.~~00159420~~78177536 I-B-6 0.00000000 0.00000000 4.~~75159294~~74391498 0.00000000 ~~994~~993.~~60898580~~59331746 RADIAN 0.00000000 0.00000000 0.~~05833333~~05855057 0.00000000 1000.00000000 (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 43,~~895~~080,~~738~~569.7144 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~13,472~~0.3400 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 43,~~909~~080,~~211~~569.0544 Withdrawals Reimbursement for Servicer Advances 013,472.0034 Payment of Service Fee 3736,~~830~~913.8202 Payment of Interest and Principal 43,~~871~~030,~~380~~184.2308 Total Withdrawals (Pool Distribution Amount) 43,~~909~~080,~~211~~569.0544 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 3534,~~028~~178.5473 Master Servicing Fee 2,~~802~~734.2829 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3736,~~830~~913.8202

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 40 0 0 0 40 ~~2,014,358~~0.0200 0.00 0.00 0.00 ~~2,014,358~~0.0200 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 40 0 0 0 40 ~~2,014,358~~0.0200 0.00 0.00 0.00 ~~2,014,358~~0.0200 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 10.~~133144~~000000% 0.000000% 0.000000% 0.000000% 10.~~133144~~000000% 10.~~226651~~000000% 0.000000% 0.000000% 0.000000% 10.~~226651~~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 10.~~133144~~000000% 0.000000% 0.000000% 0.000000% 10.~~133144~~000000% 10.~~226651~~000000% 0.000000% 0.000000% 0.000000% 10.~~226651~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~13,472~~0.3400

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.05448425% 100,000.00 0.~~06095410~~06180450% Fraud 1,835,392.85 1.00000000% 1,835,392.85 1.~~11874718~~13435541% Special Hazard 2,049,289.00 1.11653971% 2,049,289.00 1.~~24912566~~26655287% 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* ~~Fixed~~New ~~Weighted~~REO ~~Average~~Loans ~~Gross~~Month ~~Coupon~~REO ~~5.924327%~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Net~~REO ~~Coupon~~0 5Aug-04 0.~~674327~~000% ~~Weighted~~Original ~~Average~~Principal ~~Pass-Through~~Balance ~~Rate~~0.00 5Sep-04 0.~~654327~~000% ~~Weighted~~Current ~~Average~~Principal ~~Maturity(Stepdown~~Balance ~~Calculation)~~0.00 ~~340~~Oct-04 ~~Beginning~~0.000% ~~Scheduled~~Nov-04 ~~Collateral~~0.000% ~~Loan~~Current ~~Count~~REO ~~360~~Total ~~Number~~Dec-04 Of0.000% Loans ~~Paid~~in InREO ~~Full~~0 7Jan-05 ~~Ending~~0.000% ~~Scheduled~~Original ~~Collateral~~Principal ~~Loan~~Balance ~~Count~~0.00 ~~353~~Feb-05 ~~Beginning~~0.000% ~~Scheduled~~Current ~~Collateral~~Principal Balance ~~168,137,003~~0.3600 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 ~~Balance 164,057,874~~0.43000% ~~Ending~~May-05 ~~Actual~~0.000% ~~Collateral~~Jun-05 ~~Balance~~0.000% ~~at 31~~Jul-~~May-2005~~05 ~~164,216,057~~0.30000% ~~Monthly~~*The ~~P&I~~text ~~Constant~~reported ~~1,034,615.63~~in ~~Special~~the ~~Servicing~~above ~~Fee~~table ~~0.00~~is ~~Prepayment~~presented ~~Penalties~~graphically ~~0.00~~on ~~Realized~~the ~~Loss~~monthly ~~Amount~~bond 0remittance report.00 ~~Cumulative~~The ~~Realized~~monthly ~~Loss~~bond ~~0.00~~remittance ~~Scheduled~~report ~~Principal~~can ~~204,533.48~~be ~~Unscheduled~~viewed ~~Principal~~online ~~3,874,595~~at www.45ctslink.com.

~~Miscellaneous~~REO ~~Reporting~~Loan ~~Subordinate~~Detail ~~Percentage~~- ~~Subgroup~~All 1Mortgage ~~3.523138%~~Loans ~~Subordinate~~in ~~Percentage~~REO ~~Subgroup~~during 2Current ~~3.987171%~~Period ~~Senior~~Month ~~Prepayment~~Loan ~~Percentage~~First ~~Subgroup~~Original 1Loan ~~100.000000%~~Entered ~~Senior~~Payment ~~Prepayment~~LTV ~~Percentage~~at ~~Subgroup~~Principal 2Group ~~100.000000%~~Number ~~Senior~~REO ~~Percentage~~Date ~~Subgroup~~State 1Origination ~~96.476862%~~Balance ~~Senior~~No ~~Percentage~~REO ~~Subgroup~~loans 2this 96period.~~012829% Subordinate Prep Percentage Subgroup 1 0.000000% Subordinate Prep Percentage Subgroup 2 0.000000% Average Loss Severity Percentage 0.000000%~~

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · PRIME MORTGAGE TRUST, MORTGAGE PASS-THROUGH CERTIFICATES & RE-REMIC CERTIFICATES, SERIES 2005-1