MASTR Asset Backed Securities Trust 2005-WMC1 Mortgage ...

Report for Distribution dated Feb 25, 2020

Global Corporate Trusthttp://pivot.usbank.com/

MASTR Asset Backed Securities Trust 2005-WMC1

Mortgage Pass-Through Certificates, Series 2005-WMC1

Distribution Date: Feb 25, 2020

DISTRIBUTION PACKAGE



TABLE OF CONTENTS DATES

PARTIES TO THE TRANSACTION

ADMINISTRATOR

First Distribution Date:

Settlement Date:

Cutoff Date:

Servicer(s):

Certificate Insurer(s):

Underwriter(s):

Name:

Title:

Phone:

Fax:

Email:

Address:

Website:

The Trustee, at the direction of the Depositor, and based upon information provided in the Mortgage Loan Schedule or by the Servicer, is furnishing this information to each Certificateholder. The Depositor and/or the

Servicer may discontinue the furnishing of this Supplemental Report (other than the Payment Date Statement), or may change its format, at any time and without notice to any Certificateholder. While the above parties

have undertaken efforts to ensure the reasonable accuracy of this information, this information has not been audited and the parties make no representation as to the accuracy or completeness of the information.

60 Livingston Ave Suite 800, St. Paul, MN 55107

http://pivot.usbank.com/

Guadalupe Gannett

Account Administrator

651-466-5011

[email protected]

Ocwen Loan Servicing, LLC

May 25, 2005

April 29, 2005

April 01, 2005

UBS Investment Bank

U S Bank Global Corporate Trust

http://pivot.usbank.com/

Statement to Certificateholders Page 1

http://www.usbank.com/abs

Original Beginning Allocated Ending

Certificate Certificate Principal Interest Total Realized Certificate

Class Cusip Face Value Balance Distribution Distribution(1) Distribution Losses Balance

A-1 57643LGR1 273,143,000.00 0.00 0.00 0.00 0.00 0.00 0.00

A-2 57643LGS9 68,285,000.00 0.00 0.00 0.00 0.00 0.00 0.00

A-3 57643LGT7 206,386,000.00 0.00 0.00 0.00 0.00 0.00 0.00

A-4 57643LGU4 151,617,000.00 0.00 0.00 0.00 0.00 0.00 0.00

A-5 57643LGV2 24,474,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-1 57643LGW0 35,035,000.00 0.00 0.00 0.00 0.00 0.00 0.00M-2 57643LGX8 26,845,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-3 57643LGY6 17,290,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-4 57643LGZ3 15,470,000.00 11,668,611.28 120,274.27 24,494.53 144,768.80 0.00 11,548,337.01

M-5 57643LHA7 14,105,000.00 14,105,000.00 0.00 30,290.69 30,290.69 0.00 14,105,000.00

M-6 57643LHB5 13,650,000.00 11,084,057.77 0.00 7,527.43 7,527.43 4,695.95 11,079,361.82M-7 57643LHC3 13,195,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-8 57643LHD1 9,555,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-9 57643LHE9 9,100,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-10 57643LHF6 8,645,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-11 57643LHG4 11,375,000.00 0.00 0.00 0.00 0.00 0.00 0.00

M-12 57643LHH2 5,460,000.00 0.00 0.00 0.00 0.00 0.00 0.00

CE NA 6,370,041.46 0.00 0.00 0.00 0.00 0.00 0.00

P NA 100.00 100.00 0.00 0.00 0.00 0.00 100.00

R NA 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total 910,000,141.46 36,857,769.05 120,274.27 62,312.65 182,586.92 4,695.95 36,732,798.83

AMOUNTS PER $1,000 UNIT PASS THROUGH RATES

Ending Original Current Next

Principal Interest Total Realized Certificate Pass-Through Pass-Through Pass-ThroughClass Distribution Distribution Distribution Losses Balance Interest Rate Interest Rate Interest Rate*

A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.25438% 2.04088% 2.00675%

A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.30438% 2.14088% 2.10675%

A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.16438% 1.86088% 1.82675%

A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.25438% 2.04088% 2.00675%

A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.36438% 2.26088% 2.22675%

M-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.48438% 2.29088% 2.25675%

M-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.51438% 2.33588% 2.30175%

M-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.54438% 2.38088% 2.34675%

M-4 7.77467809 1.58335682 9.35803491 0.00000000 746.49883710 3.69438% 2.60588% 2.57175%

M-5 0.00000000 2.14751436 2.14751436 0.00000000 1,000.00000000 3.73438% 2.66588% 2.63175%

M-6 0.00000000 0.55146007 0.55146007 0.34402564 811.67485861 3.78438% 2.74088% 2.70675%

M-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4.29438% 3.50588% 3.47175%

M-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4.43438% 3.56535% 3.58086%

M-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4.94438% 3.56535% 3.58086%

M-10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 6.56438% 3.56535% 3.58086%

M-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 6.56438% 3.56535% 3.58086%

M-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 5.56438% 3.56535% 3.58086%

CE 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3.46885% 0.00000%P 0.00000000 0.00000000 0.00000000 0.00000000 1,000.00000000

R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000

* Estimated

(1) - The Class P Certificates do not accrue interest. Amounts appearing as Interest Distributions represent payments of Prepayment Charges.

MASTR Asset Backed Securities Trust 2005-WMC1Mortgage Pass-Through Certificates, Series 2005-WMC1

STATEMENT TO CERTIFICATEHOLDERSDistribution Date: Feb 25, 2020


STATEMENT TO CERTIFICATEHOLDERS




http://pivot.usbank.com/Page 1 of 5



Section 4.02 (ii), (xv) - INTEREST

Monthly Remaining

Interest Interest Interest Unpaid Prepayment Relief Act

Distribution Distributable Shortfall Interest Realized Interest Interest

Class Amount Amount Amount Amount Losses Shortfalls Shortfalls

A-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00

A-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00

A-3 0.00 0.00 0.00 0.00 0.00 0.00 0.00

A-4 0.00 0.00 0.00 0.00 0.00 0.00 0.00

A-5 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-3 0.00 8,465.88 8,465.88 8,465.88 0.00 0.00 0.00

M-4 24,494.53 84,551.85 60,057.32 60,057.32 0.00 0.00 0.00

M-5 30,290.69 111,888.37 81,597.68 81,597.68 0.00 0.00 0.00

M-6 7,527.43 161,137.17 153,609.74 153,609.74 0.00 0.00 0.00

M-7 0.00 714.78 714.78 714.78 0.00 0.00 0.00

M-8 0.00 44,165.67 44,165.67 44,165.67 0.00 0.00 0.00

M-9 0.00 50,545.47 50,545.47 50,545.47 0.00 0.00 0.00

M-10 0.00 100,428.06 100,428.06 100,428.06 0.00 0.00 0.00

M-11 0.00 101,471.49 101,471.49 101,471.49 0.00 0.00 0.00

M-12 0.00 9,959.31 9,959.31 9,959.31 0.00 0.00 0.00

CE 0.00 0.00 0.00 0.00 0.00 0.00 0.00

P 0.00 N/A N/A N/A 0.00 0.00 0.00

Total 62,312.65 673,328.05 611,015.40 611,015.40 0.00 0.00 0.00

Section 4.02 (xvi), (xvii)

PPIS & RAIS Prepayment Interest Shortfalls not covered by the servicer pursuant to Section 3.24 0.00

Relief Act Interest Shortfalls 0.00

Section 4.02 (xviii)

Overcollateralized Amount 0.00

Overcollateralization Release Amount 0.00

Overcollateralization Deficiency (after all payments) 4,550,000.71

Overcollateralization Target Amount 4,550,000.71

Monthly Excess Cash Flow 0.00

Credit Enhancement Percentage 99.99973%

Section 4.02 (v), (vi)

POOL Stated Principal Balance of Mortgage Loans and REO Properties 36,732,798.83

Stated Principal Balance of Mortgage Loans 36,732,798.83

Number of Mortgage Loans 267

Section 4.02 (vi)

WAC & WAM Weighted Average Remaining Term to Maturity 169

Weighted Average Mortgage Interest Rate 3.97750%

Section 4.02 (iv) Aggregate Advances for the Collection Period 173,990.84

P&I ADVANCES

Stated Principal Stated Principal

Section 4.02 (vii) Number Number as % Balance Balance as %DELINQUENCIES 30-59 days delinquent * 19 7.11610% 2,887,345.07 7.86040%

60-89 days delinquent * 2 0.74906% 66,593.57 0.18129%

90 or more days delinquent * 12 4.49438% 3,145,564.92 8.56337%

Foreclosures 7 2.62172% 1,367,227.53 3.72209%

Bankruptcies 9 3.37079% 1,777,749.26 4.83968%

Discharged by reason of Bankruptcy (and < 60 days delinquent) ** 0.00

Bankruptcies >60 days delinquent 1,544,903.23

** These line items are not required in the form of Certificateholder Statement specified in the Pooling and Servicing Agreement, but are useful

to determine the Delinquency Percentage. The information in these line items are provided to the Trustee by the Servicer.

* excludes Foreclosures, Bankruptcies or REOs

Reduction from the Allocation of:









Section 4.02 (viii)

REO Number of REO Loans 0

Number of REO Loans as % 0.00000%

Stated Principal Balance of REO Properties 0.00

Stated Principal Balance of REO Properties as % 0.00000%

Total Book Value of REO Properties: 0.00

Section 4.02 (xxi)

Stepdown Date Occurrence YES

Trigger Event Occurrence YESRealized Loss as a Percentage of the Original Pool Balance 9.30439%

Section 4.02 (iii), (xii)

FEES Trustee Fee 491.44

Servicing Fee (and any additional Servicer compensation) 13,801.00

Credit Risk Manager Fee 460.72

Extraordinary Trust Fund Expenses 8.89

Section 4.02 (x), (xxii)

AVAILABLE FUNDS Principal:

Scheduled Principal 83,215.21

Principal Prepayments (includes curtailments) 37,026.56

Liquidation Proceeds 32.50

Total Principal 120,274.27

Net Interest (net of servicing, trustee & Credit Risk Manager fee) 62,312.65

Available Funds (total principal plus net interest) 182,586.92

Section 4.02 (i)

PREPAYMENT

PENALTIES Prepayment Charges allocated to Class P 0.00

Servicer Prepayment Charge Payment Amounts allocated to Class P 0.00

Section 4.02 (xi)

LOSSES Current Forgiven Principal 1

8,013.20Aggregate Forgiven Principal

15,116,140.45

Current Deferred Principal (allocated as loss) 2

(3,284.75)Aggregate Deferred Principal (allocated as loss)

25,272,689.48

Current Realized Losses (includes forgiven and deferred principal) 4,695.95

Aggregate Realized Losses since Closing (includes forgiven and deferred principal) 84,669,971.20

Subsequent Recoveries 32.50

Aggregate Subsequent Recoveries since Closing 648,322.36

Section 4.02 (xx)

Aggregate Loss Severity Percentage 62.89238%

1 In the absence of specific guidance in the governing documents, forgiveness of principal agreed to and reported by a Servicer in connection with a loan modification will be treated as a Realized Loss, and will be

included in such reported amounts and related calculations.

2 In the absence of specific provisions in the governing documents and consistent with the information provided by the Servicer that the Servicer is following the guidance issued by the Department of Treasury,

deferred principal agreed to and reported as a loss by the Servicer in connection with a loan modification will be treated as a Realized Loss, and will be included in such reported amounts and related calculations.









Section 4.02 (xxiii) - NET WAC RATE CARRYOVER AMOUNTS

Net WAC Rate Amounts Amounts

Class Carryover Amount Paid Unpaid

A-1 0.00 0.00 0.00

A-2 0.00 0.00 0.00

A-3 0.00 0.00 0.00

A-4 0.00 0.00 0.00

A-5 123.58 0.00 123.58

M-1 921.85 0.00 921.85

M-2 1,590.91 0.00 1,590.91

M-3 1,600.53 0.00 1,600.53

M-4 6,548.80 0.00 6,548.80

M-5 8,543.80 0.00 8,543.80M-6 11,688.95 0.00 11,688.95

M-7 37,578.11 0.00 37,578.11

M-8 38,948.83 0.00 38,948.83

M-9 86,242.21 0.00 86,242.21

M-10 468,330.42 0.00 468,330.42

M-11 616,224.30 0.00 616,224.30

M-12 113,369.49 0.00 113,369.49

Section 4.02 (xxiv) - PAYMENTS MADE UNDER CAP CONTRACTS

Group 1 Cap Contract 0.00

Group 2 Cap Contract 0.00

Mezzanine Contract 0.00

Section 4.02 (xiv) - ENDING BALANCE FACTORS

Class Factor

A-1 0.00000000

A-2 0.00000000

A-3 0.00000000

A-4 0.00000000

A-5 0.00000000

M-1 0.00000000

M-2 0.00000000

M-3 0.00000000

M-4 0.74649884

M-5 1.00000000

M-6 0.81167486

M-7 0.00000000

M-8 0.00000000

M-9 0.00000000

M-10 0.00000000

M-11 0.00000000

M-12 0.00000000

CE 0.04036571

P 1.00000000







M2_INTSF

M3_INTSF

M4_INTSF

M5_INTSF

ISSUE DATE : Apr 29, 2005

DEAL NAME: MASTR Asset Backed Securities Trust 2005-WMC1 DISTRIBUTION DATE: Feb 25, 2020

SERIES : Mortgage Pass-Through Certificates, Series 2005-WMC1

DISTRIBUTION SUMMARY AND RECONCILIATION: Priorities in 4.01(a)(2)

Total Remittance from Servicer 183,547.97

Cap Contract Payments Received 0.00

Investment income for Net WAC Carryover Reserve Acct. 0.00

Total Amounts Available for Distribution 183,547.97

Amounts Distributed:

Trustee Fees 491.44 Accrued and Unpaid Trust Expenses $0.00

Credit Risk Manager Fee 460.72

Trust Expenses 8.89Interest Distributions

Class A-1 0.00

Class A-2 0.00

Class A-3 0.00

Class A-4 0.00

Class A-5 0.00

Class M-1 0.00

Class M-2 0.00

Class M-3 0.00

Class M-4 24,494.53

Class M-5 30,290.69

Class M-6 7,527.43Class M-7 0.00

Class M-8 0.00

Class M-9 0.00

Class M-10 0.00

Class M-11 0.00

Class M-12 0.00

Class CE 0.00

Class P (Prepayment Charges) 0.00

Class R 0.00

Principal Distributions:

Class A-1 0.00

Class A-2 0.00

Class A-3 0.00

Class A-4 0.00

Class A-5 0.00

Class M-1 0.00

Class M-2 0.00

Class M-3 0.00

Class M-4 120,274.27

Class M-5 0.00

Class M-6 0.00

Class M-7 0.00

Class M-8 0.00

Class M-9 0.00

Class M-10 0.00

Class M-11 0.00

Class M-12 0.00

Class CE 0.00

Class P 0.00

A) Total Amounts Distributed 183,547.97

B) Available Distribution Amount 183,547.97

Difference (A) - (B) 0.00

Withdrawal from Net WAC Carryover Reserve Account 0.00

Net WAC Carryover Reserve Account Deposit 0.00

HAMP investor incentive, cost share and depreciation funds included in remittance and available funds: 632.63







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