~~MASTR~~SECURITIES ~~Second~~AND ~~Lien~~EXCHANGE Trust Mortgage Pass-Through Certificates Record Date: 9/30/2005 Distribution Date: 10/25/2005 MASTR Second Lien Trust 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 A 57644DAA1 SEN 4.11000% 176,755,000.00 524,667.76 M-1 57644DAB9 MEZ 4.40000% 22,635,000.00 71,929.00 M-2 57644DAC7 MEZ 4.57000% 15,832,000.00 52,254.40 M-3 57644DAD5 MEZ 4.72000% 4,577,000.00 15,602.48 M-4 57644DAE3 MEZ 5.24000% 4,453,000.00 16,852.13 M-5 57644DAF0 MEZ 5.69000% 3,958,000.00 16,265.18 M-6 57644DAG8 MEZ 6.04000% 4,206,000.00 18,347.51 M-7 57644DAH6 MEZ 6.00000% 4,700,000.00 23,500.00 M-8 57644DAJ2 MEZ 6.00000% 3,958,000.00 19,790.00 M-9 57644DAK9 MEZ 6.00000% 3,340,000.00 16,700.00 M-10 57644DAL7 MEZ 6.00000% 2,967,918.00 14,839.59 CE MAS05001X JUN 0.00000% 439.76 1,042,932.78 P MAS05001P SEN 0.00000% 100.00 0.00 R MAS0501R1 RES 0.00000% 0.00 0.00 Totals 247,382,457.76 1,833,680.83COMMISSION

~~Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A 10~~Washington,~~229,733.08~~ 0D.~~00 166,525,266~~C.92 10,754,400.84 0.00 M-1 0.00 0.00 22,635,000.00 71,929.00 0.00 M-2 0.00 0.00 15,832,000.00 52,254.40 0.00 M-3 0.00 0.00 4,577,000.00 15,602.48 0.00 M-4 0.00 0.00 4,453,000.00 16,852.13 0.00 M-5 0.00 0.00 3,958,000.00 16,265.18 0.00 M-6 0.00 0.00 4,206,000.00 18,347.51 0.00 M-7 0.00 0.00 4,700,000.00 23,500.00 0.00 M-8 0.00 0.00 3,958,000.00 19,790.00 0.00 M-9 31,937.44 0.00 3,308,062.56 48,637.44 0.00 M-10 31,937.44 0.00 2,935,980.56 46,777.03 0.00 CE 0.00 0.00 32,377.44 1,042,932.78 0.00 P 0.00 0.00 100.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 10,293,607.96 0.00 237,120,787.48 12,127,288.79 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. 20549

~~Principal~~Form Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 176,755,000.00 176,755,000.00 0.00 10,229,733.08 0.00 0.00 M-1 22,635,000.00 22,635,000.00 0.00 0.00 0.00 0.00 M-2 15,832,000.00 15,832,000.00 0.00 0.00 0.00 0.00 M-3 4,577,000.00 4,577,000.00 0.00 0.00 0.00 0.00 M-4 4,453,000.00 4,453,000.00 0.00 0.00 0.00 0.00 M-5 3,958,000.00 3,958,000.00 0.00 0.00 0.00 0.00 M-6 4,206,000.00 4,206,000.00 0.00 0.00 0.00 0.00 M-7 4,700,000.00 4,700,000.00 0.00 0.00 0.00 0.00 M-8 ~~3,958,000.00 3,958,000.00 0.00 0.00 0.00 0.00 M~~-9 3,340,000.00 3,340,000.00 0.00 31,937.44 0.00 0.00 M-10 2,967,918.00 2,967,918.00 0.00 31,937.44 0.00 0.00 CE 439.76 439.76 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 247,382,457.76 247,382,457.76 0.00 10,293,607.96 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.K

~~Principal~~CURRENT Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 10,229,733.08 166,525,266.92 0.94212479 10,229,733.08 M-1 0.00 22,635,000.00 1.00000000 0.00 M-2 0.00 15,832,000.00 1.00000000 0.00 M-3 0.00 4,577,000.00 1.00000000 0.00 M-4 0.00 4,453,000.00 1.00000000 0.00 M-5 0.00 3,958,000.00 1.00000000 0.00 M-6 0.00 4,206,000.00 1.00000000 0.00 M-7 0.00 4,700,000.00 1.00000000 0.00 M-8 0.00 3,958,000.00 1.00000000 0.00 M-9 31,937.44 3,308,062.56 0.99043789 31,937.44 M-10 31,937.44 2,935,980.56 0.98923911 31,937.44 CE 0.00 32,377.44 73.62525014 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 10,293,607.96 237,120,787.48 0.95851901 10,293,607.96REPORT

~~Principal~~Pursuant ~~Distribution~~to ~~Factors~~Section ~~Statement~~13 ~~Original~~or Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 176,755,000.00 1000.00000000 0.00000000 57.87521190 0.00000000 M-1 22,635,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 15,832,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,577,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 3,958,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 4,206,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 4,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 3,958,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 3,340,000.00 1000.00000000 0.00000000 9.56210778 0.00000000 M-10 2,967,918.00 1000.00000000 0.00000000 10.76089029 0.00000000 CE 439.76 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2d) ~~All~~of ~~Classes are per $1,000 denomination~~the

~~Principal~~Securities ~~Distribution~~Exchange ~~Factors~~Act ~~Statement~~of (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 57.87521190 942.12478810 0.94212479 57.87521190 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 9.56210778 990.43789222 0.99043789 9.56210778 M-10 0.00000000 10.76089029 989.23910971 0.98923911 10.76089029 CE 0.00000000 0.00000000 73,625.25013644 73.62525014 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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.1934

~~Interest~~Date ~~Distribution Statement Beginning Payment~~ of ~~Original~~Report: November ~~Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 176~~9,~~755,000.00~~ ~~4.11000%~~2005 (date ~~176,755,000.00~~of ~~524,667.76~~earliest ~~0.00~~event ~~0.00~~reported) MORTGAGE ~~M-1~~ASSET ~~22,635,000.00~~SECURITIZATION ~~4.40000% 22~~TRANSACTIONS,~~635,000.00~~ ~~71,929~~INC.00 ~~0.00~~(as ~~0.00~~depositor ~~M-2~~under ~~15,832,000.00~~the ~~4.57000%~~Pooling ~~15,832,000.00~~and ~~52,254.40~~Servicing ~~0.00 0.00 M-3 4~~Agreement,~~577,000.00~~ ~~4.72000%~~relating ~~4,577,000.00~~to ~~15,602.48~~the ~~0.00~~MASTR ~~0.00~~Second ~~M-4~~Lien ~~4,453,000.00~~Trust ~~5.24000% 4,453,000.00 16,852.13 0.00 0.00 M~~2005-51 ~~3,958,000.00~~Mortgage ~~5.69000% 3,958,000.00 16,265.18 0.00 0.00 M~~Pass-6Through 4Certificates,~~206,000.00~~ ~~6.04000%~~Series ~~4,206,000.00 18,347.51 0.00 0.00 M~~2005-7 4,700,000.00 6.00000% 4,700,000.00 23,500.00 0.00 0.00 M-8 3,958,000.00 6.00000% 3,958,000.00 19,790.00 0.00 0.00 M-9 3,340,000.00 6.00000% 3,340,000.00 16,700.00 0.00 0.00 M-10 2,967,918.00 6.00000% 2,967,918.00 14,839.59 0.00 0.00 CE 439.76 0.00000% 439.76 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 247,382,457.76 790,748.05 0.00 0.001)

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 0.00 524,667.76 0.00 166,525,266.92 M-1 0.00 0.00 71,929.00 0.00 22,635,000.00 M-2 0.00 0.00 52,254.40 0.00 15,832,000.00 M-3 0.00 0.00 15,602.48 0.00 4,577,000.00 M-4 0.00 0.00 16,852.13 0.00 4,453,000.00 M-5 0.00 0.00 16,265.18 0.00 3,958,000.00 M-6 0.00 0.00 18,347.51 0.00 4,206,000.00 M-7 0.00 0.00 23,500.00 0.00 4,700,000.00 M-8 0.00 0.00 19,790.00 0.00 3,958,000.00 M-9 0.00 0.00 16,700.00 0.00 3,308,062.56 M-10 0.00 0.00 14,839.59 0.00 2,935,980.56 CE 0.00 0.00 1,042,932.78 0.00 32,377.44 P 0.00 0.00 0.00 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,833,680.83 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.

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware	333-124678	06-1204982
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1285 Avenue of the Americas New York, New York 10019
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code (212) 713-2000

~~Interest~~Check ~~Distribution~~the ~~Factors~~appropriate ~~Statement~~box ~~Beginning~~below ~~Payment~~if ofthe ~~Original~~Form Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 176,755,000.00 4.11000% 1000.00000000 2.96833334 0.00000000 0.00000000 M-1 22,635,000.00 4.40000% 1000.00000000 3.17777778 0.00000000 0.00000000 M-2 15,832,000.00 4.57000% 1000.00000000 3.30055584 0.00000000 0.00000000 M-3 4,577,000.00 4.72000% 1000.00000000 3.40888792 0.00000000 0.00000000 M-4 4,453,000.00 5.24000% 1000.00000000 3.78444419 0.00000000 0.00000000 M-5 3,958,000.00 5.69000% 1000.00000000 4.10944416 0.00000000 0.00000000 M-6 4,206,000.00 6.04000% 1000.00000000 4.36222301 0.00000000 0.00000000 M-7 4,700,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M-8 ~~3,958,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M~~-9K ~~3,340,000.00~~filing ~~6.00000%~~is ~~1000.00000000~~intended ~~5.00000000~~to ~~0.00000000~~simultaneously ~~0.00000000~~satisfy ~~M-10~~the ~~2,967,918.00~~filing ~~6.00000%~~obligation ~~1000.00000000~~of ~~5.00000000~~the ~~0.00000000~~registrant ~~0.00000000~~under CEany ~~439.76~~of ~~0.00000%~~the ~~1000.00000000~~following ~~0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.~~provisions:

~~Interest~~[ ~~Distribution~~] ~~Factors~~Written ~~Statement~~communications ~~(continued)~~pursuant ~~Remaining~~to ~~Ending~~Rule ~~Non-Supported~~425 ~~Total~~under ~~Unpaid~~the ~~Certificate/~~Securities ~~Interest~~Act ~~Realized Interest Interest Notional Class Shortfall Losses~~ (6)17 ~~Distribution~~CFR ~~Shortfall Balance A 0~~230.~~00000000~~425) ~~0.00000000~~[ ~~2.96833334~~] ~~0.00000000~~Soliciting ~~942.12478810~~material ~~M-1~~pursuant ~~0.00000000~~to ~~0.00000000~~Rule ~~3.17777778 0.00000000 1000.00000000 M~~14a-212 ~~0.00000000~~under ~~0.00000000~~the ~~3.30055584~~Exchange ~~0.00000000~~Act ~~1000.00000000~~(17 ~~M-3~~CFR 0240.~~00000000 0.00000000 3.40888792 0.00000000 1000.00000000 M~~14a-412) ~~0.00000000~~[ ~~0.00000000~~] ~~3.78444419 0.00000000 1000.00000000 M~~Pre-5commencement ~~0.00000000~~communications ~~0.00000000~~pursuant ~~4.10944416~~to ~~0.00000000~~Rule ~~1000.00000000 M~~14d-62(d) ~~0.00000000~~under ~~0.00000000~~the ~~4.36222301~~Exchange ~~0.00000000~~Act ~~1000.00000000~~(17 ~~M-7~~CFR 0240.~~00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M~~14d-82(b)) ~~0.00000000~~[ ~~0.00000000~~] ~~5.00000000 0.00000000 1000.00000000 M~~Pre-9commencement ~~0.00000000~~communications ~~0.00000000~~pursuant ~~5.00000000~~to ~~0.00000000~~Rule ~~990.43789222 M~~13e-10 0.00000000 0.00000000 5.00000000 0.00000000 989.23910971 CE 0.00000000 0.00000000 2371595.37020193 0.00000000 73625.25013644 P 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4(6c) ~~Amount~~under ~~Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to~~ the ~~Prospectus~~Exchange ~~Supplement~~Act ~~for~~(17 aCFR ~~Full Description~~240.13e-4(c))

~~CERTIFICATEHOLDER~~Item ~~ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0~~8.~~00 Deposits Payments of Interest and Principal 12,170,053~~01.~~50 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 63,874.89 Total Deposits 12,233,928.39 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 106,639.60 Payment of Interest and Principal 12,127,288.79 Total Withdrawals (Pool Distribution Amount) 12,233,928.39 Ending Balance 0.00Events

~~PREPAYMENT/CURTAILMENT~~Master ~~INTEREST~~Asset ~~SHORTFALL~~Securitization ~~Total~~Transactions, ~~Prepayment/Curtailment~~Inc. ~~Interest~~(the ~~Shortfall~~“Company”) ~~462.81~~entered into a Pooling and Servicing ~~Fee~~Agreement ~~Support~~dated 0as of September 1, 2005 (the “Agreement”) among the Company, in its capacity as depositor (in such capacity, the “Depositor”), UBS Real Estate Securities Inc.00, ~~Non-Supported~~as ~~Prepayment/Curtailment~~transferor ~~Interest~~(in ~~Shortfall~~such ~~492~~capacity, the “Transferor”), Wells Fargo Bank, N.81A., as master servicer (in such capacity, the “Master Servicer”), as trust administrator (in such capacity, the “Trust Administrator”) and as custodian (in such capacity, the “Custodian”), and JPMorgan Chase Bank, N.A., as trustee (in such capacity, the “Trustee”). The Certificates were issued on September 29, 2005. The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1.

~~SERVICING~~Item ~~FEES Gross Servicing Fee 103,033~~9.~~43 Master Servicing Fee 3,606~~01.17 Financial ~~Supported~~Statements ~~Prepayment/Curtailment~~and ~~Interest Shortfall 0~~Exhibits.~~00 Net Servicing Fee 106,639.60~~

~~OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Basis Risk Reserve Fund 0.00 1,042,932.78 1,042,932.78 0.00~~(a)

~~LOAN~~Not 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 0applicable.00 0.00 0.00 0.00 30 Days 48 0 0 0 48 2,439,988.50 0.00 0.00 0.00 2,439,988.50 60 Days 16 0 0 0 16 614,261.26 0.00 0.00 0.00 614,261.26 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 64 0 0 0 64 3,054,249.76 0.00 0.00 0.00 3,054,249.76 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 1.034929% 0.000000% 0.000000% 0.000000% 1.034929% 1.028574% 0.000000% 0.000000% 0.000000% 1.028574% 60 Days 0.344976% 0.000000% 0.000000% 0.000000% 0.344976% 0.258941% 0.000000% 0.000000% 0.000000% 0.258941% 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 1.379905% 0.000000% 0.000000% 0.000000% 1.379905% 1.287516% 0.000000% 0.000000% 0.000000% 1.287516%

~~OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 28,683.65~~(b)

~~Summary~~Not ~~12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0~~applicable.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-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.

REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.(c)

~~REO~~Not Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this periodapplicable.

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-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.(d)

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.Exhibits:

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period99.1

~~COLLATERAL~~The ~~STATEMENT~~Pooling ~~Collateral~~and ~~Description~~Servicing ~~Mixed~~Agreement ~~ARM~~dated ~~Weighted~~as ~~Average~~of ~~Gross~~September ~~Coupon 9.943009% Weighted Average Net Coupon 9.443215% Weighted Average Pass-Through Rate 9.425509% Weighted Average Maturity(Stepdown Calculation) 202 Beginning Scheduled Collateral Loan Count 4~~1,~~793~~ Number Of Loans Paid In Full 155 Ending Scheduled Collateral Loan Count 4,638 Beginning Scheduled Collateral Balance 247,382,018.00 Ending Scheduled Collateral Balance 237,152,724.92 Ending Actual Collateral Balance at 30-Sep-2005 ~~237~~,~~220,415.31~~ ~~Monthly~~by ~~P&I~~and ~~Constant~~among ~~2,187,842.05~~the ~~Special Servicing Fee 0.00 Prepayment Penalties 63~~Company,~~874.89~~ ~~Realized~~the ~~Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 138~~Transferor,~~917.24~~ ~~Unscheduled~~the ~~Principal~~Master 9Servicer,~~988,599.49~~ ~~Required~~the ~~Overcollateralization~~Trust ~~Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 8~~Administrator,~~411,003.56~~ ~~Overcollateralized~~the ~~Amount~~Custodian ~~32,377.45~~and ~~Overcollateralized~~the ~~Deficiency Amount 8,378,626~~Trustee.~~12 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 31,937.45 Excess Cash Amount 1,043,395.59~~

~~Miscellaneous Reporting Credit Enhancement % 29.781382% Aggregate Loss Severity % 0.000000% Net SWAP In 0.00 Net SWAP Out 108,141.82 Trigger Event NO Stepdown NO~~SIGNATURES

~~Prepayment~~Pursuant ~~Detail~~to -the ~~Prepayments~~requirements ~~during~~of ~~Current~~the ~~Period~~Securities ~~Summary~~Exchange ~~Loans~~Act ~~Paid~~of In1934, ~~Full~~the ~~Repurchased~~registrant ~~Loans~~has ~~Original~~duly ~~Current~~caused ~~Original~~this ~~Current~~report ~~Principal~~to ~~Principal~~be ~~Principal~~signed ~~Principal~~on ~~Group~~its ~~Count~~behalf ~~Balance~~by ~~Balance~~the ~~Count Balance Balance Total 155 10~~undersigned,~~324,607.90~~ ~~9,902,683.83~~thereunto 0duly 0authorized.~~00 0.00~~

~~Prepayment~~MORTGAGE ~~Detail~~ASSET -SECURITIZATION Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Total 0 0.00 0.00 0 0.00 0.00 94,519.20

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0000643293 OR 28.57 01-Nov-2004 200TRANSACTIONS,~~000.00~~ ~~198,830~~INC.85 Summary 0000723409 AZ 20.00 01-Mar-2005 50,600.00 50,434.20 Summary 0000751559 CA 11.33 01-Apr-2005 59,500.00 59,221.93 Summary 0000764767 CA 20.00 01-May-2005 176,000.00 175,396.97 Summary 0000779505 IL 25.00 01-Jun-2005 68,250.00 (405.40) Summary 0000780496 NV 25.00 01-May-2005 67,000.00 66,836.68 Summary 0000781599 IL 15.00 01-Jun-2005 59,850.00 59,679.75 Summary 0000784066 AZ 25.00 01-May-2005 46,247.00 46,153.69 Summary 0000790774 IL 15.00 01-Jun-2005 31,050.00 30,992.33 Summary 0000791522 NV 25.00 01-May-2005 62,500.00 62,401.48 Summary 0000792155 FL 10.00 01-Jun-2005 36,900.00 36,832.98 Summary 0000792935 WA 30.00 01-May-2005 58,500.00 58,398.51 Summary 0000793558 IL 15.50 01-Jun-2005 25,500.00 25,459.58 Summary 0000796501 CA 20.00 01-May-2005 172,000.00 21,766.18 Summary 0000797001 AZ 10.00 01-May-2005 46,000.00 45,842.43 Summary 0000798434 VA 34.99 01-May-2005 160,000.00 159,824.12 Summary 0000802128 AZ 20.00 01-Jun-2005 37,200.00 37,109.43 Summary 0000802230 FL 9.95 01-May-2005 21,000.00 20,970.41 Summary 0000803841 MI 15.00 01-Jun-2005 14,700.00 14,685.10 Summary 0000804930 CA 31.32 01-Jun-2005 197,700.00 197,310.81 Summary 0000805945 FL 10.00 01-Jun-2005 31,500.00 31,442.79 Summary 0000805997 KY 14.99 01-Jun-2005 28,125.00 28,107.58 Summary 0000806990 NY 5.76 01-Jun-2005 38,000.00 37,880.28 Summary 0000807674 IL 20.00 01-Jun-2005 70,000.00 69,865.89 Summary 0000809262 AZ 29.86 01-Jun-2005 200,000.00 199,745.89 Summary 0000809518 WA 20.00 01-Jun-2005 102,000.00 101,764.48 Summary 0000810815 CA 19.99 01-May-2005 108,750.00 108,477.78 Summary 0000811643 IL 20.00 01-Jun-2005 39,000.00 38,947.62 Summary 0000812698 FL 44.85 01-Jun-2005 153,000.00 (462.80) Summary 0000817382 OR 10.00 01-Jun-2005 22,000.00 21,958.99 Summary 0000817459 FL 15.00 01-Jun-2005 57,607.00 57,456.20 Summary 0000818523 AZ 15.00 01-Jun-2005 44,250.00 44,213.20 Summary 0000821338 FL 12.00 01-Jun-2005 10,860.00 10,851.60 Summary 0000821561 AZ 20.00 01-Jun-2005 143,000.00 142,881.21 Summary 0000824162 CA 18.46 01-Jun-2005 300,000.00 298,202.28 Summary 0000824429 CA 28.74 01-Jun-2005 200,000.00 199,606.26 Summary 0000826899 AZ 30.00 01-Jun-2005 88,500.00 88,316.23 Summary 0000827271 CO 15.00 01-Jun-2005 22,800.00 22,765.80 Summary 0000828871 FL 10.00 01-Jun-2005 23,500.00 23,494.78 Summary 0000829750 VA 20.00 01-Jun-2005 76,508.00 76,376.51 Summary 0000832747 DC 21.64 01-Jun-2005 99,350.00 99,114.49 Summary 0003133202 CA 20.00 01-Apr-2005 119,000.00 118,499.98 Summary 0003133468 CA 15.00 01-May-2005 106,950.00 106,698.51 Summary 0003369429 CA 15.00 01-May-2005 105,000.00 104,803.26 Summary 0003369574 CA 20.00 01-May-2005 66,485.00 65,172.49 Summary 0003369578 CA 20.00 01-May-2005 30,000.00 29,934.30 Summary 0003552851 CA 15.00 01-May-2005 80,000.00 79,713.16 Summary 0003554083 NV 20.00 01-May-2005 51,000.00 50,841.83 Summary 0003554236 CA 20.00 01-May-2005 86,000.00 85,762.50 Summary 0003554390 CA 20.00 01-May-2005 85,600.00 85,466.86 Summary 0003701522 CA 10.32 01-Jun-2005 65,000.00 62,580.92 Summary 0003858010 CA 20.00 01-Oct-2004 35,000.00 34,777.11 Summary 0003858085 CA 20.00 01-Oct-2004 107,000.00 106,267.45 Summary 0003862354 CA 20.00 01-May-2005 23,800.00 23,752.29 Summary 0004115663 FL 20.00 01-May-2005 34,000.00 33,921.48 Summary 0004460893 CO 10.00 01-May-2005 23,500.00 23,406.37 Summary 0004460950 CO 20.00 01-May-2005 32,400.00 32,271.42 Summary 0004501062 UT 20.00 01-May-2005 34,000.00 33,892.17 Summary 0004602742 AZ 20.00 01-May-2005 35,000.00 34,968.91 Summary 0004705285 WI 25.32 01-Jun-2005 20,000.00 19,662.84 Summary 0004900104 MO 20.00 01-Jun-2005 23,300.00 23,247.49 Summary 0070502017 CA 20.00 01-Apr-2005 40,000.00 39,134.61 Summary 0100017149 NV 15.00 01-Sep-2004 45,442.00 45,285.81 Summary 0105217842 CA 9.98 01-Jul-2005 52,000.00 51,916.23 Summary 0120519446 AZ 20.00 01-Apr-2005 31,420.00 31,356.88 Summary 0120639203 AZ 20.00 01-May-2005 40,496.00 40,428.52 Summary 0120724930 CA 20.00 01-Apr-2005 112,181.00 111,614.96 Summary 0120732155 NV 20.00 01-Mar-2005 30,000.00 29,918.50 Summary 0120796702 CA 11.41 01-Apr-2005 41,000.00 40,910.60 Summary 0120832196 CA 20.00 01-Apr-2005 20,000.00 19,942.87 Summary 0120838521 NJ 20.00 01-May-2005 47,400.00 46,951.28 Summary 0120878016 AZ 11.36 01-May-2005 24,300.00 24,222.86 Summary 0120879116 CA 15.49 01-Apr-2005 59,000.00 58,807.64 Summary 0120881156 WA 5.00 01-Apr-2005 17,850.00 17,776.50 Summary 0120905813 CA 20.00 01-May-2005 46,000.00 45,916.77 Summary 0120910357 CA 20.00 01-May-2005 70,000.00 69,873.35 Summary 0120924059 MD 20.00 01-Apr-2005 25,000.00 24,914.09 Summary 0120930986 NC 14.00 01-May-2005 36,750.00 36,316.28 Summary 0120941159 CA 11.16 01-May-2005 94,900.00 94,566.37 Summary 0120966024 CO 15.00 01-May-2005 48,750.00 48,610.71 Summary 0120966281 NJ 10.00 01-Apr-2005 33,500.00 33,147.26 Summary 0120967396 FL 20.00 01-Apr-2005 45,600.00 45,500.58 Summary 0120988901 AZ 15.00 01-Apr-2005 28,950.00 28,851.37 Summary 0120999722 CA 20.00 01-May-2005 89,800.00 89,538.59 Summary 0121005056 CA 20.00 01-May-2005 96,000.00 95,753.23 Summary 0121005673 CA 21.37 01-Apr-2005 125,000.00 124,354.53 Summary 0121014752 OR 20.00 01-May-2005 45,720.00 45,608.57 Summary 0121024899 CA 10.00 01-May-2005 48,000.00 47,905.71 Summary 0121039298 IL 3.94 01-May-2005 14,000.00 13,147.16 Summary 0121055853 MD 20.00 01-May-2005 38,490.00 38,407.03 Summary 0121076156 TX 20.00 01-May-2005 94,000.00 93,660.99 Summary 0121084499 FL 15.00 01-May-2005 34,950.00 34,820.66 Summary 0121092859 CO 20.00 01-May-2005 78,800.00 78,676.45 Summary 0121096085 CA 24.00 01-May-2005 54,000.00 53,865.20 Summary 0121099140 CA 20.00 01-May-2005 37,980.00 37,901.20 Summary 0121109297 CA 20.00 01-May-2005 47,400.00 47,200.14 Summary 0121123039 GA 20.00 01-May-2005 66,000.00 65,759.97 Summary 0121126293 IL 15.00 01-May-2005 101,250.00 100,945.24 Summary 0200424505 TX 20.00 01-Jul-2005 23,040.00 3,249.78 Summary 0201617544 CA 10.00 01-Jul-2005 45,000.00 44,921.76 Summary 0202128087 AZ 15.00 01-Jun-2005 61,922.00 61,859.39 Summary 0202128152 AZ 15.00 01-Jul-2005 17,850.00 17,832.41 Summary 0204032238 NV 9.98 01-Jul-2005 41,000.00 40,860.30 Summary 0205880419 VA 15.00 01-Jun-2005 58,050.00 57,902.70 Summary 0209606148 FL 15.00 01-Jun-2005 17,398.00 17,358.86 Summary 0210714825 UT 20.00 01-Jun-2005 68,400.00 68,282.30 Summary 0281002111 AZ 10.00 01-Jun-2005 52,400.00 52,290.05 Summary 0410256105 CA 20.00 01-Jan-2005 84,000.00 83,613.32 Summary 0411221521 MA 10.00 01-Feb-2005 17,000.00 16,680.90 Summary 0412010056 MD 20.00 01-Feb-2005 59,000.00 58,629.29 Summary 0412065639 CA 12.03 01-Feb-2005 90,000.00 89,792.72 Summary 0412077421 CA 17.83 01-Feb-2005 140,000.00 139,174.03 Summary 0412168878 NY 20.00 01-Apr-2005 35,400.00 35,245.46 Summary 0412236882 NY 20.00 01-Apr-2005 83,680.00 82,871.35 Summary 0501044224 NJ 20.00 18-Mar-2005 65,000.00 64,786.84 Summary 0501078402 CA 20.00 01-Mar-2005 108,873.00 108,515.70 Summary 0501109768 VA 20.00 01-Apr-2005 123,000.00 122,517.92 Summary 0501111930 AZ 20.00 01-Apr-2005 50,219.40 50,071.84 Summary 0501124171 CA 20.00 01-Mar-2005 43,000.00 42,897.76 Summary 0501180542 NJ 20.00 18-Mar-2005 55,600.00 55,309.39 Summary 0501204635 NV 20.00 01-Apr-2005 79,559.00 79,246.77 Summary 0501248434 CA 18.71 01-Apr-2005 29,000.00 28,426.80 Summary 0501250054 NJ 20.00 09-Mar-2005 60,000.00 59,701.88 Summary 0501260879 CA 20.00 01-Mar-2005 38,800.00 38,672.63 Summary 0501272467 IL 20.00 01-Mar-2005 43,600.00 43,436.80 Summary 0501273652 AZ 10.00 01-Apr-2005 17,070.50 16,845.66 Summary 0501284238 CA 20.63 01-Apr-2005 130,000.00 129,586.31 Summary 0501315711 CA 15.96 01-Apr-2005 150,000.00 149,689.69 Summary 0502020120 CA 23.81 01-Apr-2005 100,000.00 99,608.79 Summary 0502029067 OH 20.00 04-Mar-2005 26,000.00 25,912.43 Summary 0502029864 CA 20.00 01-Apr-2005 95,862.00 95,614.85 Summary 0502042351 CA 20.00 01-Apr-2005 97,200.00 95,524.80 Summary 0502043220 CA 20.00 01-Apr-2005 95,800.00 95,553.62 Summary 0502074114 CA 20.00 01-Apr-2005 94,980.00 94,606.41 Summary 0502074818 CA 20.00 01-Apr-2005 101,000.00 100,624.55 Summary 0502085531 CA 20.00 01-Apr-2005 134,800.00 134,348.76 Summary 0502100256 MI 20.00 01-Apr-2005 106,000.00 105,626.16 Summary 0502100333 CA 20.00 01-Apr-2005 46,000.00 45,867.70 Summary 0502100964 CA 20.49 01-Apr-2005 55,950.00 55,871.04 Summary 0502109109 AZ 17.41 01-Apr-2005 47,000.00 46,791.49 Summary 0502111701 CA 20.00 01-Apr-2005 94,000.00 93,827.90 Summary 0502142768 VA 15.00 01-Apr-2005 65,850.00 65,630.45 Summary 0502156183 AZ 20.00 01-Apr-2005 34,453.00 34,311.13 Summary 0502234695 AL 20.00 01-Apr-2005 36,780.00 36,650.30 Summary 0502246402 CA 20.00 01-Apr-2005 118,400.00 118,265.05 Summary 0503080544 ME 20.00 01-May-2005 33,000.00 32,593.16 Summary 0504010753 NJ 20.00 05-May-2005 90,000.00 89,869.83 Summary 0504122983 MD 15.00 01-Jun-2005 19,500.00 19,464.49 Summary 0504204200 CA 10.81 01-Jul-2005 40,000.00 39,877.65 Summary 0504214718 CA 20.00 01-Jun-2005 73,000.00 72,921.01 Summary 0504269868 MA 20.00 01-Jul-2005 39,600.00 39,548.63 Summary 0505038342 FL 20.00 01-Jul-2005 56,800.00 56,697.98 Summary 0505163744 CA 20.00 01-Jul-2005 74,000.00 73,836.14 Summary 0505187145 FL 20.00 01-Jul-2005 54,000.00 53,954.89 Summary 0505198999 NJ 20.00 26-Jun-2005 32,560.00 32,511.33

~~Prepayment~~By: ~~Loan~~/s/ Sameer Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0000643293 Loan Paid in Full 0 9.875% 180 11 Summary 0000723409 Loan Paid in Full 0 10.500% 180 7 Summary 0000751559 Loan Paid in Full 0 8.125% 180 6 Summary 0000764767 Loan Paid in Full 0 8.875% 180 5 Summary 0000779505 Loan Paid in Full 0 9.000% 180 4 Summary 0000780496 Loan Paid in Full 0 10.500% 180 5 Summary 0000781599 Loan Paid in Full 0 8.875% 180 4 Summary 0000784066 Loan Paid in Full 0 11.375% 180 5 Summary 0000790774 Loan Paid in Full 0 11.375% 180 4 Summary 0000791522 Loan Paid in Full 0 12.500% 180 5 Summary 0000792155 Loan Paid in Full 0 11.000% 180 4 Summary 0000792935 Loan Paid in Full 0 12.125% 180 5 Summary 0000793558 Loan Paid in Full 0 11.625% 180 4 Summary 0000796501 Loan Paid in Full 0 9.625% 180 5 Summary 0000797001 Loan Paid in Full 0 8.875% 180 5 Summary 0000798434 Loan Paid in Full 0 12.250% 180 5 Summary 0000802128 Loan Paid in Full 0 9.625% 180 4 Summary 0000802230 Loan Paid in Full 0 13.000% 180 5 Summary 0000803841 Loan Paid in Full 0 13.625% 180 4 Summary 0000804930 Loan Paid in Full 0 10.625% 180 4 Summary 0000805945 Loan Paid in Full 0 11.000% 180 4 Summary 0000805997 Loan Paid in Full 0 13.500% 180 4 Summary 0000806990 Loan Paid in Full 0 8.375% 180 4 Summary 0000807674 Loan Paid in Full 0 10.750% 180 4 Summary 0000809262 Loan Paid in Full 0 12.625% 180 4 Summary 0000809518 Loan Paid in Full 0 9.875% 180 4 Summary 0000810815 Loan Paid in Full 0 10.375% 180 5 Summary 0000811643 Loan Paid in Full 0 12.375% 180 4 Summary 0000812698 Loan Paid in Full 0 12.125% 180 4 Summary 0000817382 Loan Paid in Full 0 10.875% 180 4 Summary 0000817459 Loan Paid in Full 0 9.625% 180 4 Summary 0000818523 Loan Paid in Full 0 14.500% 180 4 Summary 0000821338 Loan Paid in Full 0 12.500% 180 4 Summary 0000821561 Loan Paid in Full 0 14.500% 180 4 Summary 0000824162 Loan Paid in Full 0 9.500% 180 4 Summary 0000824429 Loan Paid in Full 0 10.625% 180 4 Summary 0000826899 Loan Paid in Full 0 10.375% 180 4 Summary 0000827271 Loan Paid in Full 0 11.875% 180 4 Summary 0000828871 Loan Paid in Full 0 13.125% 180 4 Summary 0000829750 Loan Paid in Full 0 11.250% 180 4 Summary 0000832747 Loan Paid in Full 0 9.750% 180 4 Summary 0003133202 Loan Paid in Full 0 8.630% 180 6 Summary 0003133468 Loan Paid in Full 0 10.630% 360 5 Summary 0003369429 Loan Paid in Full 0 8.375% 360 5 Summary 0003369574 Loan Paid in Full 0 8.630% 180 5 Summary 0003369578 Loan Paid in Full 0 11.000% 180 5 Summary 0003552851 Loan Paid in Full 0 8.630% 360 5 Summary 0003554083 Loan Paid in Full 0 9.380% 360 5 Summary 0003554236 Loan Paid in Full 0 9.880% 360 5 Summary 0003554390 Loan Paid in Full 0 10.630% 180 5 Summary 0003701522 Loan Paid in Full 0 11.130% 180 4 Summary 0003858010 Loan Paid in Full 0 9.750% 180 12 Summary 0003858085 Loan Paid in Full 0 8.990% 180 12 Summary 0003862354 Loan Paid in Full 0 11.375% 360 5 Summary 0004115663 Loan Paid in Full 0 10.750% 180 5 Summary 0004460893 Loan Paid in Full 0 8.125% 180 5 Summary 0004460950 Loan Paid in Full 0 10.750% 360 5 Summary 0004501062 Loan Paid in Full 0 9.250% 180 5 Summary 0004602742 Loan Paid in Full 0 10.000% 360 5 Summary 0004705285 Loan Paid in Full 0 9.880% 180 4 Summary 0004900104 Loan Paid in Full 0 9.990% 180 4 Summary 0070502017 Loan Paid in Full 0 8.500% 180 6 Summary 0100017149 Loan Paid in Full 0 13.000% 180 13 Summary 0105217842 Loan Paid in Full 0 10.500% 180 3 Summary 0120519446 Loan Paid in Full 0 12.125% 180 6 Summary 0120639203 Loan Paid in Full 0 12.250% 180 5 Summary 0120724930 Loan Paid in Full 0 10.375% 180 6 Summary 0120732155 Loan Paid in Full 0 11.375% 180 7 Summary 0120796702 Loan Paid in Full 0 11.750% 180 6 Summary 0120832196 Loan Paid in Full 0 10.500% 180 6 Summary 0120838521 Loan Paid in Full 0 9.625% 180 5 Summary 0120878016 Loan Paid in Full 0 9.250% 180 5 Summary 0120879116 Loan Paid in Full 0 9.875% 180 6 Summary 0120881156 Loan Paid in Full 0 8.750% 180 6 Summary 0120905813 Loan Paid in Full 0 11.875% 180 5 Summary 0120910357 Loan Paid in Full 0 11.875% 180 5 Summary 0120924059 Loan Paid in Full 0 9.625% 180 6 Summary 0120930986 Loan Paid in Full 0 7.750% 180 5 Summary 0120941159 Loan Paid in Full 0 8.750% 180 5 Summary 0120966024 Loan Paid in Full 0 9.750% 180 5 Summary 0120966281 Loan Paid in Full 0 9.500% 180 6 Summary 0120967396 Loan Paid in Full 0 11.750% 180 6 Summary 0120988901 Loan Paid in Full 0 10.375% 180 6 Summary 0120999722 Loan Paid in Full 0 10.500% 180 5 Summary 0121005056 Loan Paid in Full 0 10.250% 180 5 Summary 0121005673 Loan Paid in Full 0 7.625% 180 6 Summary 0121014752 Loan Paid in Full 0 10.500% 180 5 Summary 0121024899 Loan Paid in Full 0 11.500% 180 5 Summary 0121039298 Loan Paid in Full 0 9.750% 180 5 Summary 0121055853 Loan Paid in Full 0 12.250% 180 5 Summary 0121076156 Loan Paid in Full 0 8.625% 180 5 Summary 0121084499 Loan Paid in Full 0 8.500% 180 5 Summary 0121092859 Loan Paid in Full 0 10.625% 180 5 Summary 0121096085 Loan Paid in Full 0 10.500% 180 5 Summary 0121099140 Loan Paid in Full 0 11.250% 180 5 Summary 0121109297 Loan Paid in Full 0 10.250% 180 5 Summary 0121123039 Loan Paid in Full 0 12.250% 180 5 Summary 0121126293 Loan Paid in Full 0 9.500% 180 5 Summary 0200424505 Loan Paid in Full 0 10.375% 180 3 Summary 0201617544 Loan Paid in Full 0 8.750% 180 3 Summary 0202128087 Loan Paid in Full 0 12.625% 180 4 Summary 0202128152 Loan Paid in Full 0 12.750% 180 3 Summary 0204032238 Loan Paid in Full 0 7.625% 180 3 Summary 0205880419 Loan Paid in Full 0 10.375% 180 4 Summary 0209606148 Loan Paid in Full 0 10.000% 180 4 Summary 0210714825 Loan Paid in Full 0 11.250% 180 4 Summary 0281002111 Loan Paid in Full 0 9.250% 180 4 Summary 0410256105 Loan Paid in Full 0 9.990% 180 9 Summary 0411221521 Loan Paid in Full 0 11.990% 180 8 Summary 0412010056 Loan Paid in Full 0 8.250% 180 8 Summary 0412065639 Loan Paid in Full 0 11.500% 180 8 Summary 0412077421 Loan Paid in Full 0 8.250% 180 8 Summary 0412168878 Loan Paid in Full 0 8.990% 180 6 Summary 0412236882 Loan Paid in Full 0 9.990% 240 6 Summary 0501044224 Loan Paid in Full 0 10.500% 180 6 Summary 0501078402 Loan Paid in Full 0 10.500% 180 7 Summary 0501109768 Loan Paid in Full 0 8.990% 180 6 Summary 0501111930 Loan Paid in Full 0 8.750% 180 6 Summary 0501124171 Loan Paid in Full 0 11.990% 180 7 Summary 0501180542 Loan Paid in Full 0 8.250% 180 6 Summary 0501204635 Loan Paid in Full 0 8.990% 180 6 Summary 0501248434 Loan Paid in Full 0 8.500% 180 6 Summary 0501250054 Loan Paid in Full 0 8.500% 180 7 Summary 0501260879 Loan Paid in Full 0 10.500% 180 7 Summary 0501272467 Loan Paid in Full 0 9.875% 180 7 Summary 0501273652 Loan Paid in Full 0 12.990% 180 6 Summary 0501284238 Loan Paid in Full 0 9.990% 180 6 Summary 0501315711 Loan Paid in Full 0 11.990% 180 6 Summary 0502020120 Loan Paid in Full 0 8.999% 180 6 Summary 0502029067 Loan Paid in Full 0 10.375% 180 7 Summary 0502029864 Loan Paid in Full 0 10.990% 180 6 Summary 0502042351 Loan Paid in Full 0 10.990% 180 6 Summary 0502043220 Loan Paid in Full 0 10.990% 180 6 Summary 0502074114 Loan Paid in Full 0 8.990% 180 6 Summary 0502074818 Loan Paid in Full 0 9.990% 180 6 Summary 0502085531 Loan Paid in Full 0 9.750% 180 6 Summary 0502100256 Loan Paid in Full 0 9.499% 180 6 Summary 0502100333 Loan Paid in Full 0 10.500% 180 6 Summary 0502100964 Loan Paid in Full 0 9.750% 180 6 Summary 0502109109 Loan Paid in Full 0 8.395% 180 6 Summary 0502111701 Loan Paid in Full 0 10.990% 180 6 Summary 0502142768 Loan Paid in Full 0 10.500% 180 6 Summary 0502156183 Loan Paid in Full 0 8.750% 180 6 Summary 0502234695 Loan Paid in Full 0 9.500% 180 6 Summary 0502246402 Loan Paid in Full 0 10.750% 180 6 Summary 0503080544 Loan Paid in Full 0 11.990% 180 5 Summary 0504010753 Loan Paid in Full 0 11.000% 180 5 Summary 0504122983 Loan Paid in Full 0 10.990% 180 4 Summary 0504204200 Loan Paid in Full 0 9.990% 180 3 Summary 0504214718 Loan Paid in Full 0 10.990% 180 4 Summary 0504269868 Loan Paid in Full 0 11.500% 180 3 Summary 0505038342 Loan Paid in Full 0 9.990% 180 3 Summary 0505163744 Loan Paid in Full 0 8.990% 180 3 Summary 0505187145 Loan Paid in Full 0 10.290% 180 3 Summary 0505198999 Loan Paid in Full 0 11.990% 180 3Tikoo

Summary SMM CPR PSA Current Month 4.042% Current Month 39.047% Current Month 4,062.655% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPRName: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 39.047% N/A Oct-2005 4,062.655% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

~~Realized~~Sameer ~~Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Total 0 0.00 0.00 0.000%~~Tikoo

~~Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.~~Title:

~~Realized~~Associate ~~Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.~~Director

~~MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR~~By: ~~Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N~~/~~A N~~s/A Peter Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)Slagowitz

Name:

Peter Slagowitz

Title:

Managing Director

Dated: November 9, 2005

Exhibit Index

Exhibit

Page

99.1

Pooling and Servicing Agreement dated as of September 1, 2005,

by and among the Company, the Transferor, the Master Servicer, the

Trust Administrator, the Custodian and the Trustee.

Filing Compare · MASTR SECOND LIEN TRUST 2005-1