8-K 1 mit05001_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 MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-119686-02 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 August 25, 2005 a distribution was made to holders of MORTGAGE IT 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 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. MORTGAGE IT TRUST Mortgage-Backed Notes, 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: 8/30/2005 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 August 25, 2005 distribution. EX-99.1

MortgageIT Trust Mortgage-Backed Notes Record Date: 57/3129/2005 Distribution Date: 68/2725/2005 MortgageIT 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 1-A-1 61913PAP7 A 3.~~41000~~78000% ~~641~~615,~~766~~547,~~747~~098.7734 1,~~823~~938,~~687~~973.1736 1-A-2 61913PAQ5 A 3.~~48000~~85000% 7168,~~306~~393,~~773~~505.7866 ~~206~~219,~~789~~429.6416 2-A 61913PAR3 A 4.25000% ~~106~~104,~~723~~565,~~450~~696.0520 ~~377~~370,~~978~~336.8984 1-M-1 61913PAS1 M 3.~~57000~~94000% 8077,~~885~~580,~~612~~996.1657 ~~240~~254,~~634~~724.7027 1-M-2 61913PAT9 M 34.~~68000~~05000% 22,~~988~~049,~~440~~238.9354 7074,~~497~~416.8918 2-M-1 61913PAU6 M 4.25000% 17,~~830~~470,~~705~~201.8948 6361,~~150~~873.4263 2-M-2 61913PAV4 M 4.25000% 2,~~602~~550,~~987~~359.2458 9,~~218~~032.9152 1-B-1 61913PAW2 B 4.~~09000~~46000% 1817,~~731~~966,~~607~~320.8617 6366,~~843~~774.5682 1-B-2 61913PAX0 B 4.~~29000~~66000% 2,~~128~~041,~~416~~459.5419 7,~~609~~927.0967 2-B-1 61913PAY8 B 4.25000% ~~910~~892,~~802~~387.2750 3,~~225~~160.7654 Owner Trust MIT0401OT OT 0.00000% 0.00 ~~953~~771,~~186~~234.1170 Totals ~~965~~929,~~875~~057,~~544~~263.4923 3,~~819~~777,~~822~~883.1469

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 1314,~~970~~553,~~677~~027.7757 0.00 ~~627~~600,~~796~~994,~~069~~070.9977 1516,~~794~~492,~~364~~000.9493 0.00 1-A-2 1,~~552~~616,~~283~~988.5449 0.00 6966,~~754~~776,~~490~~517.2416 1,~~759~~836,~~073~~417.1865 0.00 2-A ~~616~~2,~~259~~146,938.4086 0.00 ~~106~~102,~~107~~418,~~190~~757.6533 ~~994~~2,~~238~~517,275.2970 0.00 1-M-1 1,~~760~~834,~~806~~203.1308 0.00 7975,~~124~~746,~~806~~793.0250 2,~~001~~088,~~440~~927.8335 0.00 1-M-2 ~~500~~521,~~437~~297.4352 0.00 2221,~~488~~527,~~003~~941.5002 ~~570~~595,~~935~~713.3270 0.00 2-M-1 ~~102~~358,~~960~~697.8851 0.00 17,~~727~~111,~~745~~503.0197 ~~166~~420,~~111~~571.3014 0.00 2-M-2 1552,~~030~~363.5889 0.00 2,~~587~~497,~~956~~995.6670 2461,~~249~~396.4941 0.00 1-B-1 ~~407~~424,~~770~~767.0542 0.00 1817,~~323~~541,~~837~~552.8175 ~~471~~491,~~613~~542.6124 0.00 1-B-2 4648,~~333~~265.6905 0.00 21,~~082~~993,~~082~~194.8514 5356,~~942~~192.7872 0.00 2-B-1 518,~~259~~322.3047 0.00 ~~905~~874,~~542~~065.9704 821,~~485~~483.0601 0.00 Owner Trust 0.00 0.00 0.00 ~~953~~771,~~186~~234.1170 0.00 Totals 1821,~~977~~574,~~818~~871.7786 0.00 ~~946~~907,~~897~~482,~~725~~391.7038 2225,~~797~~352,~~640~~755.9155 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-1 665,763,000.00 ~~641~~615,~~766~~547,~~747~~098.7734 0.00 1314,~~970~~553,~~677~~027.7757 0.00 0.00 1-A-2 73,973,000.00 7168,~~306~~393,~~773~~505.7866 0.00 1,~~552~~616,~~283~~988.5449 0.00 0.00 2-A 109,676,000.00 ~~106~~104,~~723~~565,~~450~~696.0520 0.00 ~~616~~2,~~259~~146,938.4086 0.00 0.00 1-M-1 83,910,000.00 8077,~~885~~580,~~612~~996.1657 0.00 1,~~760~~834,~~806~~203.1308 0.00 0.00 1-M-2 23,848,000.00 22,~~988~~049,~~440~~238.9354 0.00 ~~500~~521,~~437~~297.4352 0.00 0.00 2-M-1 18,324,000.00 17,~~830~~470,~~705~~201.8948 0.00 ~~102~~358,~~960~~697.8851 0.00 0.00 2-M-2 2,675,000.00 2,~~602~~550,~~987~~359.2458 0.00 1552,~~030~~363.5889 0.00 0.00 1-B-1 19,432,000.00 1817,~~731~~966,~~607~~320.8617 0.00 ~~407~~424,~~770~~767.0542 0.00 0.00 1-B-2 2,208,000.00 2,~~128~~041,~~416~~459.5419 0.00 4648,~~333~~265.6905 0.00 0.00 2-B-1 936,000.00 ~~910~~892,~~802~~387.2750 0.00 518,~~259~~322.3047 0.00 0.00 Owner Trust 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,745,000.00 ~~965~~929,~~875~~057,~~544~~263.4923 0.00 1821,~~977~~574,~~818~~871.7786 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 1314,~~970~~553,~~677~~027.7757 ~~627~~600,~~796~~994,~~069~~070.9977 0.~~94297230~~90271474 1314,~~970~~553,~~677~~027.7757 1-A-2 1,~~552~~616,~~283~~988.5449 6966,~~754~~776,~~490~~517.2416 0.~~94297230~~90271474 1,~~552~~616,~~283~~988.5449 2-A ~~616~~2,~~259~~146,938.4086 ~~106~~102,~~107~~418,~~190~~757.6533 0.~~96746043~~93383017 ~~616~~2,~~259~~146,938.4086 1-M-1 1,~~760~~834,~~806~~203.1308 7975,~~124~~746,~~806~~793.0250 0.~~94297230~~90271474 1,~~760~~834,~~806~~203.1308 1-M-2 ~~500~~521,~~437~~297.4352 2221,~~488~~527,~~003~~941.5002 0.~~94297230~~90271474 ~~500~~521,~~437~~297.4352 2-M-1 ~~102~~358,~~960~~697.8851 17,~~727~~111,~~745~~503.0197 0.~~96746043~~93383017 ~~102~~358,~~960~~697.8851 2-M-2 1552,~~030~~363.5889 2,~~587~~497,~~956~~995.6670 0.~~96746043~~93383017 1552,~~030~~363.5889 1-B-1 ~~407~~424,~~770~~767.0542 1817,~~323~~541,~~837~~552.8175 0.~~94297230~~90271474 ~~407~~424,~~770~~767.0542 1-B-2 4648,~~333~~265.6905 21,~~082~~993,~~082~~194.8514 0.~~94297231~~90271474 4648,~~333~~265.6905 2-B-1 518,~~259~~322.3047 ~~905~~874,~~542~~065.9704 0.~~96746044~~93383017 518,~~259~~322.3047 Owner Trust 0.00 0.00 0.00000000 0.00 Totals 1821,~~977~~574,~~818~~871.7786 ~~946~~907,~~897~~482,~~725~~391.7038 0.~~94619281~~90680682 1821,~~977~~574,~~818~~871.7786

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 665,763,000.00 ~~963~~924.~~95676505~~57390744 0.00000000 2021.~~98446109~~85917146 0.00000000 1-A-2 73,973,000.00 ~~963~~924.~~95676504~~57390751 0.00000000 2021.~~98446109~~85917145 0.00000000 2-A 109,676,000.00 ~~973~~953.~~07934325~~40545060 0.00000000 519.~~61890842~~57528411 0.00000000 1-M-1 83,910,000.00 ~~963~~924.~~95676511~~57390740 0.00000000 2021.~~98446109~~85917149 0.00000000 1-M-2 23,848,000.00 ~~963~~924.~~95676493~~57390725 0.00000000 2021.~~98446117~~85917142 0.00000000 2-M-1 18,324,000.00 ~~973~~953.~~07934348~~40545077 0.00000000 519.~~61890854~~57528433 0.00000000 2-M-2 2,675,000.00 ~~973~~953.~~07934206~~40545047 0.00000000 519.~~61890841~~57528598 0.00000000 1-B-1 19,432,000.00 ~~963~~924.~~95676513~~57390747 0.00000000 2021.~~98446120~~85917147 0.00000000 1-B-2 2,208,000.00 ~~963~~924.~~95676630~~57390851 0.00000000 2021.~~98446105~~85917120 0.00000000 2-B-1 936,000.00 ~~973~~953.~~07934829~~40544872 0.00000000 519.~~61891026~~57528846 0.00000000 Owner Trust 0.00 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 2021.~~98446109~~85917146 ~~942~~902.~~97230394~~71473598 0.~~94297230~~90271474 2021.~~98446109~~85917146 1-A-2 0.00000000 2021.~~98446109~~85917145 ~~942~~902.~~97230395~~71473592 0.~~94297230~~90271474 2021.~~98446109~~85917145 2-A 0.00000000 519.~~61890842~~57528411 ~~967~~933.~~46043483~~83016640 0.~~96746043~~93383017 519.~~61890842~~57528411 1-M-1 0.00000000 2021.~~98446109~~85917149 ~~942~~902.~~97230390~~71473603 0.~~94297230~~90271474 2021.~~98446109~~85917149 1-M-2 0.00000000 2021.~~98446117~~85917142 ~~942~~902.~~97230376~~71473583 0.~~94297230~~90271474 2021.~~98446117~~85917142 2-M-1 0.00000000 519.~~61890854~~57528433 ~~967~~933.~~46043495~~83016645 0.~~96746043~~93383017 519.~~61890854~~57528433 2-M-2 0.00000000 519.~~61890841~~57528598 ~~967~~933.~~46043364~~83016822 0.~~96746043~~93383017 519.~~61890841~~57528598 1-B-1 0.00000000 2021.~~98446120~~85917147 ~~942~~902.~~97230393~~71473600 0.~~94297230~~90271474 2021.~~98446120~~85917147 1-B-2 0.00000000 2021.~~98446105~~85917120 ~~942~~902.~~97230525~~71473732 0.~~94297231~~90271474 2021.~~98446105~~85917120 2-B-1 0.00000000 519.~~61891026~~57528846 ~~967~~933.~~46043803~~83017094 0.~~96746044~~93383017 519.~~61891026~~57528846 Owner Trust 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 665,763,000.00 3.~~41000~~78000% ~~641~~615,~~766~~547,~~747~~098.7734 1,~~823~~938,~~687~~973.1736 0.00 0.00 1-A-2 73,973,000.00 3.~~48000~~85000% 7168,~~306~~393,~~773~~505.7866 ~~206~~219,~~789~~429.6416 0.00 0.00 2-A 109,676,000.00 4.25000% ~~106~~104,~~723~~565,~~450~~696.0520 ~~377~~370,~~978~~336.8984 0.00 0.00 1-M-1 83,910,000.00 3.~~57000~~94000% 8077,~~885~~580,~~612~~996.1657 ~~240~~254,~~634~~724.7027 0.00 0.00 1-M-2 23,848,000.00 34.~~68000~~05000% 22,~~988~~049,~~440~~238.9354 7074,~~497~~416.8918 0.00 0.00 2-M-1 18,324,000.00 4.25000% 17,~~830~~470,~~705~~201.8948 6361,~~150~~873.4263 0.00 0.00 2-M-2 2,675,000.00 4.25000% 2,~~602~~550,~~987~~359.2458 9,~~218~~032.9152 0.00 0.00 1-B-1 19,432,000.00 4.~~09000~~46000% 1817,~~731~~966,~~607~~320.8617 6366,~~843~~774.5682 0.00 0.00 1-B-2 2,208,000.00 4.~~29000~~66000% 2,~~128~~041,~~416~~459.5419 7,~~609~~927.0967 0.00 0.00 2-B-1 936,000.00 4.25000% ~~910~~892,~~802~~387.2750 3,~~225~~160.7654 0.00 0.00 Owner Trust 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,745,000.00 23,~~866~~006,~~636~~648.0399 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 1,~~823~~938,~~687~~973.1736 0.00 ~~627~~600,~~796~~994,~~069~~070.9977 1-A-2 0.00 0.00 ~~206~~219,~~789~~429.6416 0.00 6966,~~754~~776,~~490~~517.2416 2-A 0.00 0.00 ~~377~~370,~~978~~336.8984 0.00 ~~106~~102,~~107~~418,~~190~~757.6533 1-M-1 0.00 0.00 ~~240~~254,~~634~~724.7027 0.00 7975,~~124~~746,~~806~~793.0250 1-M-2 0.00 0.00 7074,~~497~~416.8918 0.00 2221,~~488~~527,~~003~~941.5002 2-M-1 0.00 0.00 6361,~~150~~873.4263 0.00 17,~~727~~111,~~745~~503.0197 2-M-2 0.00 0.00 9,~~218~~032.9152 0.00 2,~~587~~497,~~956~~995.6670 1-B-1 0.00 0.00 6366,~~843~~774.5682 0.00 1817,~~323~~541,~~837~~552.8175 1-B-2 0.00 0.00 7,~~609~~927.0967 0.00 21,~~082~~993,~~082~~194.8514 2-B-1 0.00 0.00 3,~~225~~160.7654 0.00 ~~905~~874,~~542~~065.9704 Owner Trust 0.00 0.00 ~~953~~771,~~186~~234.1170 0.00 0.00 Totals 0.00 0.00 3,~~819~~777,~~822~~883.1469 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-1 665,763,000.00 3.~~41000~~78000% ~~963~~924.~~95676505~~57390744 2.~~73924380~~91240781 0.00000000 0.00000000 1-A-2 73,973,000.00 3.~~48000~~85000% ~~963~~924.~~95676504~~57390751 2.~~79547457~~96634123 0.00000000 0.00000000 2-A 109,676,000.00 4.25000% ~~973~~953.~~07934325~~40545060 3.~~44632271~~37664430 0.00000000 0.00000000 1-M-1 83,910,000.00 3.~~57000~~94000% ~~963~~924.~~95676511~~57390740 23.~~86777142~~03568430 0.00000000 0.00000000 1-M-2 23,848,000.00 34.~~68000~~05000% ~~963~~924.~~95676493~~57390725 23.~~95613427~~12043693 0.00000000 0.00000000 2-M-1 18,324,000.00 4.25000% ~~973~~953.~~07934348~~40545077 3.~~44632286~~37664429 0.00000000 0.00000000 2-M-2 2,675,000.00 4.25000% ~~973~~953.~~07934206~~40545047 3.~~44632150~~37664299 0.00000000 0.00000000 1-B-1 19,432,000.00 4.~~09000~~46000% ~~963~~924.~~95676513~~57390747 3.~~28548580~~43633285 0.00000000 0.00000000 1-B-2 2,208,000.00 4.~~29000~~66000% ~~963~~924.~~95676630~~57390851 3.~~44614583~~59043025 0.00000000 0.00000000 2-B-1 936,000.00 4.25000% ~~973~~953.~~07934829~~40544872 3.~~44632479~~37664530 0.00000000 0.00000000 Owner Trust 0.00 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.~~73924380~~91240781 0.00000000 ~~942~~902.~~97230394~~71473598 1-A-2 0.00000000 0.00000000 2.~~79547457~~96634123 0.00000000 ~~942~~902.~~97230395~~71473592 2-A 0.00000000 0.00000000 3.~~44632271~~37664430 0.00000000 ~~967~~933.~~46043483~~83016640 1-M-1 0.00000000 0.00000000 23.~~86777142~~03568430 0.00000000 ~~942~~902.~~97230390~~71473603 1-M-2 0.00000000 0.00000000 23.~~95613427~~12043693 0.00000000 ~~942~~902.~~97230376~~71473583 2-M-1 0.00000000 0.00000000 3.~~44632286~~37664429 0.00000000 ~~967~~933.~~46043495~~83016645 2-M-2 0.00000000 0.00000000 3.~~44632150~~37664299 0.00000000 ~~967~~933.~~46043364~~83016822 1-B-1 0.00000000 0.00000000 3.~~28548580~~43633285 0.00000000 ~~942~~902.~~97230393~~71473600 1-B-2 0.00000000 0.00000000 3.~~44614583~~59043025 0.00000000 ~~942~~902.~~97230525~~71473732 2-B-1 0.00000000 0.00000000 3.~~44632479~~37664530 0.00000000 ~~967~~933.~~46043803~~83017094 Owner Trust 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2325,~~067~~602,~~920~~796.2302 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4054,~~739~~684.4120 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2325,~~108~~657,~~659~~480.6422 Withdrawals Reimbursement for Servicer Advances 49,~~097~~309.5319 Payment of Service Fee ~~306~~295,~~921~~415.2048 Payment of Interest and Principal 2225,~~797~~352,~~640~~755.9155 Total Withdrawals (Pool Distribution Amount) 2325,~~108~~657,~~659~~480.6422 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~306~~295,~~921~~415.2048 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~306~~295,~~921~~415.2048

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 2637 0 0 0 2637 710,~~877~~765,~~272~~287.0601 0.00 0.00 0.00 710,~~877~~765,~~272~~287.0601 60 Days 54 0 0 0 54 1,~~203~~012,~~398~~507.5834 0.00 0.00 0.00 1,~~203~~012,~~398~~507.5834 90 Days 0 0 01 0 01 0.00 0.00 0208,000.00 0.00 0208,000.00 120 Days 0 0 12 0 12 0.00 0.00 ~~176~~481,~~000~~397.0066 0.00 ~~176~~481,~~000~~397.0066 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 01 0 01 0.00 0.00 0176,000.00 0.00 0176,000.00 Totals 3141 0 14 0 3245 911,~~080~~777,~~670~~794.6435 0.00 ~~176~~865,~~000~~397.0066 0.00 912,~~256~~643,~~670~~192.6401 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~815814~~209941% 0.000000% 0.000000% 0.000000% 01.~~815814~~209941% 01.~~817713~~165184% 0.000000% 0.000000% 0.000000% 01.~~817713~~165184% 60 Days 0.~~156887~~130804% 0.000000% 0.000000% 0.000000% 0.~~156887~~130804% 0.~~124921~~109589% 0.000000% 0.000000% 0.000000% 0.~~124921~~109589% 90 Days 0.000000% 0.000000% 0.~~000000~~032701% 0.000000% 0.~~000000~~032701% 0.000000% 0.000000% 0.~~000000~~022513% 0.000000% 0.~~000000~~022513% 120 Days 0.000000% 0.000000% 0.~~031377~~065402% 0.000000% 0.~~031377~~065402% 0.000000% 0.000000% 0.~~018270~~052104% 0.000000% 0.~~018270~~052104% 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~~032701% 0.000000% 0.~~000000~~032701% 0.000000% 0.000000% 0.~~000000~~019049% 0.000000% 0.~~000000~~019049% Totals 01.~~972702~~340746% 0.000000% 0.~~031377~~130804% 0.000000% 1.~~004079~~471550% 01.~~942634~~274773% 0.000000% 0.~~018270~~093667% 0.000000% 01.~~960904~~368439%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 2536 0 0 0 2536 710,~~177~~648,~~707~~839.9759 0.00 0.00 0.00 710,~~177~~648,~~707~~839.9759 60 Days 54 0 0 0 54 1,~~203~~012,~~398~~507.5834 0.00 0.00 0.00 1,~~203~~012,~~398~~507.5834 90 Days 0 0 01 0 01 0.00 0.00 0208,000.00 0.00 0208,000.00 120 Days 0 0 12 0 12 0.00 0.00 ~~176~~481,~~000~~397.0066 0.00 ~~176~~481,~~000~~397.0066 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 01 0 01 0.00 0.00 0176,000.00 0.00 0176,000.00 Totals 3040 0 14 0 3144 811,~~381~~661,~~106~~346.5593 0.00 ~~176~~865,~~000~~397.0066 0.00 812,~~557~~526,~~106~~744.5559 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~877193~~317716% 0.000000% 0.000000% 0.000000% 01.~~877193~~317716% 01.~~860811~~333039% 0.000000% 0.000000% 0.000000% 01.~~860811~~333039% 60 Days 0.~~175439~~146413% 0.000000% 0.000000% 0.000000% 0.~~175439~~146413% 0.~~144322~~126747% 0.000000% 0.000000% 0.000000% 0.~~144322~~126747% 90 Days 0.000000% 0.000000% 0.~~000000~~036603% 0.000000% 0.~~000000~~036603% 0.000000% 0.000000% 0.~~000000~~026038% 0.000000% 0.~~000000~~026038% 120 Days 0.000000% 0.000000% 0.~~035088~~073206% 0.000000% 0.~~035088~~073206% 0.000000% 0.000000% 0.~~021107~~060262% 0.000000% 0.~~021107~~060262% 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~~036603% 0.000000% 0.~~000000~~036603% 0.000000% 0.000000% 0.~~000000~~022032% 0.000000% 0.~~000000~~022032% Totals 1.~~052632~~464129% 0.000000% 0.~~035088~~146413% 0.000000% 1.~~087719~~610542% 1.~~005133~~459786% 0.000000% 0.~~021107~~108332% 0.000000% 1.~~026240~~568118% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 1 0 0 0 1 ~~699~~116,~~564~~447.0942 0.00 0.00 0.00 ~~699~~116,~~564~~447.0942 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 1 0 0 0 1 ~~699~~116,~~564~~447.0942 0.00 0.00 0.00 ~~699~~116,~~564~~447.0942 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~296736~~306748% 0.000000% 0.000000% 0.000000% 0.~~296736~~306748% 0.~~540208~~093103% 0.000000% 0.000000% 0.000000% 0.~~540208~~093103% 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.~~296736~~306748% 0.000000% 0.000000% 0.000000% 0.~~296736~~306748% 0.~~540208~~093103% 0.000000% 0.000000% 0.000000% 0.~~540208~~093103%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4054,~~739~~684.4120

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.~~159978~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 4Oct-04 0.~~784978~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Nov-~~Through~~04 ~~Rate~~0.000% 4Dec-04 0.~~784978~~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 ~~3,245~~0.000% ~~Number~~Original OfPrincipal ~~Loans~~Balance ~~Paid~~0.00 InMar-05 ~~Full~~0.000% 58Current ~~Ending~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 ~~Loan~~Apr-05 ~~Count~~0.000% ~~3,187~~May-05 ~~Beginning~~0.000% ~~Scheduled~~Jun-05 ~~Collateral~~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 I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance ~~982,147,819~~0.1000 ~~Ending~~Oct-04 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~963,170,~~0.00 Nov-04 0.000% Dec-04 0.33000% ~~Ending~~Current ~~Actual~~REO ~~Collateral~~Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance at0.00 31Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-~~2005~~05 ~~963,329,528~~0.68000% ~~Monthly~~Jun-05 ~~P&I~~0.000% ~~Constant~~Jul-05 ~~4,490,605~~0.33000% ~~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. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.00000% ~~Prepayment~~Original ~~Penalties~~Principal Balance 0.00 ~~Realized~~Oct-04 ~~Loss~~0.000% ~~Amount~~Current Principal Balance 0.00 ~~Cumulative~~Nov-04 ~~Realized~~0.000% ~~Loss~~Dec-04 0.00000% ~~Scheduled~~Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal ~~267,387~~Balance 0.3100 ~~Unscheduled~~Mar-05 0.000% Current Principal ~~18,710,431~~Balance 0.4600 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.

~~Miscellaneous~~REO ~~Reporting~~Loan ~~Average~~Detail ~~Loss~~- ~~Severity~~All ~~Percentage~~Mortgage ~~0.000000%~~Loans ~~Net~~in ~~Swap1~~REO ~~Pmt~~during ~~made~~Current toPeriod ~~the~~Month ~~SWAP~~Loan ~~Provider~~First ~~45,052.21~~Original ~~Net~~Loan ~~Swap2~~Entered ~~Pmt~~Payment ~~made~~LTV toat ~~the~~Principal ~~SWAP~~Group ~~Provider~~Number ~~51,423.59~~REO ~~Net~~Date ~~Swap1~~State ~~Pmt~~Origination ~~made~~Balance toNo ~~the~~REO ~~Trust~~loans ~~0.00~~this ~~Net Swap2 Pmt made to the Trust 0~~period.~~00 Swap1 Term Pmt made to the Trust 0.00 Swap2 Term Pmt made to the Trust 0.00 Swap1 Term Pmt made to the Swap Provider 0.00 Swap2 Term Pmt made to the Swap Provider 0.00~~

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All ~~Group~~Mortgage ILoans ~~Group~~in IIREO ~~Total~~during ~~Collateral~~Current ~~Description~~Period ~~Mixed~~(continued) ~~ARM~~Current ~~Mixed~~Paid ~~ARM~~Current ~~Mixed~~Approximate ~~ARM Weighted Average Coupon Rate 5.200354 4.895804 5.159978 Weighted Average Net Rate 4.825354 4.520804 4.784978 Weighted Average Maturity 355 355 355 Beginning~~ Loan ~~Count~~Principal ~~2,906~~To ~~339~~Months ~~3,245 Loans Paid In Full 56 2 58 Ending~~ Loan ~~Count~~Delinquent ~~2,850~~Group ~~337~~Number ~~3,187 Beginning Scheduled~~ Balance ~~851,939,863.30 130,207,955.80 982,147,819.10 Ending Scheduled Balance 833,701,554.69 129,468,445.64 963,170,000.33 Record~~ Date ~~05/31/2005~~Delinquent ~~05/31/2005~~Rate ~~05/31/2005 Principal And~~ Interest ~~Constant~~No ~~3,910,330.05~~REO ~~580,275.28~~loans ~~4,490,605.33~~this ~~Scheduled Principal 218,339~~period.23 49,048.08 267,387.31 Unscheduled Principal 18,019,969.38 690,462.08 18,710,431.46 Scheduled Interest 3,691,990.82 531,227.20 4,223,218.02 Servicing Fees 266,231.21 40,689.99 306,921.20 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 3,425,759.61 490,537.21 3,916,296.82 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 4.825354 4.520804 4.784978

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · MORTGAGEIT TRUST 2005-1, Mortgage-Backed Notes, Series 2005-1