| C-BASS | Contact: | ||||||||
| MORTGAGE LOAN ASSET-BACKED CERTIFICATES | Mike Bengtson | ||||||||
| SERIES 2005-CB5 | Account Administrator | ||||||||
| 651-495-3847 | |||||||||
| michael.bengtson@usbank.com | |||||||||
| DISTRIBUTION STATEMENT | |||||||||
| Distribution Date: | November 25, 2005 | ||||||||
| Original | Beginning | Class Interest | Net WAC | Allocable | Ending | ||||
| Certificate | Certificate | Principal | Interest | Carryover | Total | Rate Carryover | Loss | Certificate | |
| Class | Face Value | Balance | Distribution | Distribution | Shortfall | Distribution | Amount | Amount | Balance |
| AV-1 | $119,092,000.00 | $112,327,842.56 | $5,787,380.69 | $401,174.21 | $0.00 | $6,188,554.90 | $0.00 | $0.00 | $106,540,461.87 |
| AV-2 | $92,202,000.00 | $92,202,000.00 | $0.00 | $341,205.03 | $0.00 | $341,205.03 | $0.00 | $0.00 | $92,202,000.00 |
| AV-3 | $3,670,000.00 | $3,670,000.00 | $0.00 | $13,992.13 | $0.00 | $13,992.13 | $0.00 | $0.00 | $3,670,000.00 |
| AF-1 | $63,843,000.00 | $60,470,350.69 | $2,681,867.61 | $217,529.49 | $0.00 | $2,899,397.10 | $0.00 | $0.00 | $57,788,483.08 |
| AF-2 | $34,181,000.00 | $34,181,000.00 | $0.00 | $137,607.01 | $0.00 | $137,607.01 | $0.00 | $0.00 | $34,181,000.00 |
| AF-3 | $21,289,000.00 | $21,289,000.00 | $0.00 | $96,137.58 | $0.00 | $96,137.58 | $0.00 | $0.00 | $21,289,000.00 |
| AF-4 | $13,257,000.00 | $13,257,000.00 | $0.00 | $55,436.36 | $0.00 | $55,436.36 | $0.00 | $0.00 | $13,257,000.00 |
| M-1 | $13,143,000.00 | $13,143,000.00 | $0.00 | $50,221.78 | $0.00 | $50,221.78 | $0.00 | $0.00 | $13,143,000.00 |
| M-2 | $12,066,000.00 | $12,066,000.00 | $0.00 | $46,418.07 | $0.00 | $46,418.07 | $0.00 | $0.00 | $12,066,000.00 |
| M-3 | $8,187,000.00 | $8,187,000.00 | $0.00 | $31,707.00 | $0.00 | $31,707.00 | $0.00 | $0.00 | $8,187,000.00 |
| M-4 | $6,032,000.00 | $6,032,000.00 | $0.00 | $24,088.21 | $0.00 | $24,088.21 | $0.00 | $0.00 | $6,032,000.00 |
| M-5 | $6,248,000.00 | $6,248,000.00 | $0.00 | $25,112.19 | $0.00 | $25,112.19 | $0.00 | $0.00 | $6,248,000.00 |
| M-6 | $5,602,000.00 | $5,602,000.00 | $0.00 | $22,756.96 | $0.00 | $22,756.96 | $0.00 | $0.00 | $5,602,000.00 |
| B-1 | $5,602,000.00 | $5,602,000.00 | $0.00 | $25,265.41 | $0.00 | $25,265.41 | $0.00 | $0.00 | $5,602,000.00 |
| B-2 | $3,878,000.00 | $3,878,000.00 | $0.00 | $17,823.99 | $0.00 | $17,823.99 | $0.00 | $0.00 | $3,878,000.00 |
| B-3 | $3,663,000.00 | $3,663,000.00 | $0.00 | $18,255.22 | $0.00 | $18,255.22 | $0.00 | $0.00 | $3,663,000.00 |
| B-4 | $4,094,000.00 | $4,094,000.00 | $0.00 | $20,470.00 | $0.00 | $20,470.00 | $0.00 | $0.00 | $4,094,000.00 |
| B-5 | $4,309,000.00 | $4,309,000.00 | $0.00 | $21,545.00 | $0.00 | $21,545.00 | $0.00 | $0.00 | $4,309,000.00 |
| N* | $14,950,000.00 | $13,026,920.59 | $861,624.06 | $59,706.72 | $0.00 | $921,330.78 | $0.00 | N/A | $12,165,296.53 |
| X* | N/A | $10,558,345.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | N/A | $10,558,345.12 |
| R | N/A | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | N/A | $0.00 |
| R-A | N/A | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | N/A | $0.00 |
| Total | $435,308,000.00 | $423,248,113.84 | $9,330,872.36 | $1,626,452.36 | $0.00 | $10,957,324.72 | $0.00 | $0.00 | $413,917,241.48 |
| * Notional Balance | |||||||||
| AMOUNTS PER $1,000 UNIT | |||||||||
| Class Interest | Net WAC | Allocable | Ending | Current | |||||
| Principal | Interest | Carryover | Total | Rate Carryover | Loss | Certificate | Pass Through | ||
| Class | Cusip | Distribution | Distribution | Amount | Distribution | Amount | Amount | Balance | Interest Rate |
| AV-1 | 12489WMS0 | $48.59588125 | $3.36860755 | NA | $51.96448880 | $0.00000000 | $0.00000000 | $894.60637045 | 4.14750% |
| AV-2 | 12489WMT8 | $0.00000000 | $3.70062504 | NA | $3.70062504 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.29750% |
| AV-3 | 12489WMU5 | $0.00000000 | $3.81256948 | NA | $3.81256948 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.42750% |
| AF-1 | 12489WMV3 | $42.00723039 | $3.40725671 | NA | $45.41448710 | $0.00000000 | $0.00000000 | $905.16553232 | 4.17750% |
| AF-2 | 12489WMW1 | $0.00000000 | $4.02583336 | NA | $4.02583336 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.83100% |
| AF-3 | 12489WMX9 | $0.00000000 | $4.51583353 | NA | $4.51583353 | $0.00000000 | $0.00000000 | $1,000.00000000 | 5.41900% |
| AF-4 | 12489WMY7 | $0.00000000 | $4.18166704 | NA | $4.18166704 | $0.00000000 | $0.00000000 | $1,000.00000000 | 5.01800% |
| M-1 | 12489WMZ4 | $0.00000000 | $3.82118086 | NA | $3.82118086 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.43750% |
| M-2 | 12489WNA8 | $0.00000000 | $3.84701392 | NA | $3.84701392 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.46750% |
| M-3 | 12489WNB6 | $0.00000000 | $3.87284720 | NA | $3.87284720 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.49750% |
| M-4 | 12489WNC4 | $0.00000000 | $3.99340351 | NA | $3.99340351 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.63750% |
| M-5 | 12489WND2 | $0.00000000 | $4.01923656 | NA | $4.01923656 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.66750% |
| M-6 | 12489WNE0 | $0.00000000 | $4.06229204 | NA | $4.06229204 | $0.00000000 | $0.00000000 | $1,000.00000000 | 4.71750% |
| B-1 | 12489WNF7 | $0.00000000 | $4.51006962 | NA | $4.51006962 | $0.00000000 | $0.00000000 | $1,000.00000000 | 5.23750% |
| B-2 | 12489WNG5 | $0.00000000 | $4.59618102 | NA | $4.59618102 | $0.00000000 | $0.00000000 | $1,000.00000000 | 5.33750% |
| B-3 | 12489WNH3 | $0.00000000 | $4.98368004 | NA | $4.98368004 | $0.00000000 | $0.00000000 | $1,000.00000000 | 5.78750% |
| B-4 | 12489WNJ9 | $0.00000000 | $5.00000000 | NA | $5.00000000 | $0.00000000 | $0.00000000 | $1,000.00000000 | 6.00000% |
| B-5 | 12489WNK6 | $0.00000000 | $5.00000000 | NA | $5.00000000 | $0.00000000 | $0.00000000 | $1,000.00000000 | 6.00000% |
| N* | NA | $57.63371639 | $3.99376054 | NA | $61.62747692 | $0.00000000 | $0.00000000 | $813.73220936 | 5.50000% |
| X* | NA | $0.00000000 | $0.00000000 | NA | $0.00000000 | $0.00000000 | $0.00000000 | $0.00000000 | NA |
| R | NA | $0.00000000 | $0.00000000 | NA | $0.00000000 | $0.00000000 | $0.00000000 | $0.00000000 | NA |
| R-A | NA | $0.00000000 | $0.00000000 | NA | $0.00000000 | $0.00000000 | $0.00000000 | $0.00000000 | NA |
Page 1
| C-BASS | Contact: | |||||||
| MORTGAGE LOAN ASSET-BACKED CERTIFICATES | Mike Bengtson | |||||||
| SERIES 2005-CB5 | Account Administrator | |||||||
| 651-495-3847 | ||||||||
| michael.bengtson@usbank.com | ||||||||
| Distribution Date: | November 25, 2005 | |||||||
| DISTRIBUTION STATEMENT | ||||||||
| Pooling and Servicing Agreement Dated October 20, 2005 | ||||||||
| i) | Distributions to the Holders See Page 1 | |||||||
| ii) | Class X Distribution Amount See Page 1 | |||||||
| iii) | Overcollateralization Amount (before distributions) | $10,558,345.12 | ||||||
| Overcollateralization Release Amount | $0.00 | |||||||
| Overcollateralization Deficiency | $0.00 | |||||||
| Overcollateralization Target Amount | $10,557,450.46 | |||||||
| Overcollateralization Amount (after distributions) | $10,558,345.12 | |||||||
| Amount of Excess Interest | $721,762.46 | |||||||
| Amount of Excess Cashflow | $721,762.46 | |||||||
| Group 1 | Group 2 | Total | ||||||
| iv) | Servicing Fees | $108,239.75 | $66,937.06 | $175,176.81 | ||||
| v) | Advances | $90,343.18 | ||||||
| vi) | Ending Pool Principal Balance | $253,987,726.07 | $158,322,564.00 | $412,310,290.07 | ||||
| vii) | Loan Count | 1198 | 1116 | 2314 | ||||
| Weighted average remaining term of the Mortgage Loans | 352 | 338 | 347 | |||||
| Weighted average Mortage Rate of the Mortgage Loans | 6.94947% | 7.18498% | 7.03958% | |||||
| viii) | Delinquency And Foreclosure Information: | |||||||
| Group 1 | All Categories | Bankruptcy | Foreclosure | |||||
| Number | Balance | Number | Balance | Number | Balance | |||
| Current: | 1147 | $244,839,679.47 | 0 | $0.00 | 0 | $0.00 | ||
| 30 days Delinquent: | 35 | $5,616,084.27 | 0 | $0.00 | 0 | $0.00 | ||
| 60 days delinquent: | 13 | $3,103,177.47 | 0 | $0.00 | 0 | $0.00 | ||
| 90+ days delinquent: | 3 | $428,784.86 | 0 | $0.00 | 2 | $369,020.04 | ||
| Group 2 | All Categories | Bankruptcy | Foreclosure | |||||
| Number | Balance | Number | Balance | Number | Balance | |||
| Current: | 1081 | $154,589,773.03 | 0 | $0.00 | 0 | $0.00 | ||
| 30 days Delinquent: | 23 | $2,353,710.01 | 0 | $0.00 | 0 | $0.00 | ||
| 60 days delinquent: | 12 | $1,379,080.96 | 0 | $0.00 | 0 | $0.00 | ||
| 90+ days delinquent: | 0 | $0.00 | 0 | $0.00 | 0 | $0.00 | ||
| ix) | Loans that became REO properties (see page 5) | |||||||
| x) | Total Book Value of REO Properties: (see page 5) | |||||||
| Group 1 | Group 2 | Total | ||||||
| xi) | Principal Prepayments made during Due Period | $5,666,510.36 | $2,528,665.03 | $8,195,175.39 | ||||
| xii) | Current Period Prepayment Penalties Due | $201,044.79 | ||||||
| Current Period Prepayment Penalties Received | $199,568.32 | |||||||
| Aggregate Prepayment Penalties | $381,102.61 | |||||||
| Aggregate Prepayment Penalties allocated to Classes N | $381,102.61 | |||||||
| Aggregate Prepayment Penalties allocated to Classes X | $0.00 | |||||||
| xiii) | Aggregate Realized Losses incurred during Due Period | $0.00 | $0.00 | $0.00 | ||||
| Cumulative Realized Losses | $0.00 | $0.00 | $0.00 | |||||
| xiv) | Realized Loss Allocations See Page 1 | |||||||
| xv) | Accrued Certificate Interest See Page 1 | |||||||
Page 2
| C-BASS | Contact: | |||||||
| MORTGAGE LOAN ASSET-BACKED CERTIFICATES | Mike Bengtson | |||||||
| SERIES 2005-CB5 | Account Administrator | |||||||
| 651-495-3847 | ||||||||
| michael.bengtson@usbank.com | ||||||||
| Distribution Date: | November 25, 2005 | |||||||
| DISTRIBUTION STATEMENT | ||||||||
| Pooling and Servicing Agreement Dated October 20, 2005 | ||||||||
| Group 1 | Group 2 | Total | ||||||
| xvi) | Prepayment Interest Shortfall not covered by the servicer | $0.00 | $0.00 | $0.00 | ||||
| xvii) | Trustee Fees | $1,407.12 | $872.11 | $2,279.22 | ||||
| xviii) | Net WAC Rate Carryover Amounts | |||||||
| Current Distribution | Amounts Remaining | |||||||
| AV-1 | 0.00 | 0.00 | ||||||
| AV-2 | 0.00 | 0.00 | ||||||
| AV-3 | 0.00 | 0.00 | ||||||
| AF-1 | 0.00 | 0.00 | ||||||
| AF-2 | 0.00 | 0.00 | ||||||
| AF-3 | 0.00 | 0.00 | ||||||
| AF-4 | 0.00 | 0.00 | ||||||
| M-1 | 0.00 | 0.00 | ||||||
| M-2 | 0.00 | 0.00 | ||||||
| M-3 | 0.00 | 0.00 | ||||||
| M-4 | 0.00 | 0.00 | ||||||
| M-5 | 0.00 | 0.00 | ||||||
| M-6 | 0.00 | 0.00 | ||||||
| B-1 | 0.00 | 0.00 | ||||||
| B-2 | 0.00 | 0.00 | ||||||
| B-3 | 0.00 | 0.00 | ||||||
| B-4 | 0.00 | 0.00 | ||||||
| B-5 | 0.00 | 0.00 | ||||||
| xix) | Overcollateralization Deficiency (after distribution) | 0.00 | ||||||
| xx) | Trigger Event Occurrence | NO | ||||||
| Cummulative Realized Losses Percentage | 0.0000000% | |||||||
| xxi) | Available Funds | Group 1 | Group 2 | Total | ||||
| Scheduled Interest Net of Servicing Fees | $1,396,175.38 | $894,611.94 | $2,290,787.32 | |||||
| Scheduled Principal | $120,870.33 | $153,202.58 | $274,072.91 | |||||
| Unscheduled Principal | $5,666,510.36 | $2,528,665.03 | $8,195,175.39 | |||||
| Available Funds | $7,183,556.07 | $3,576,479.55 | $10,760,035.62 | |||||
| xxii) | Class Interest Rate See Page 1 | |||||||
| xxiii) | Liquidation Report See Page 4 | |||||||
| xxiv) | Mortgage Loans Purchased by Servicer | $0.00 | ||||||
| xxv) | Mortgage Loans Re-Purchased by Servicer | $0.00 | ||||||
| xxvi) | Subsequent Recoveries | $0.00 | ||||||
Page 3
| C-BASS | Contact: | |||||||
| MORTGAGE LOAN ASSET-BACKED CERTIFICATES | Mike Bengtson | |||||||
| SERIES 2005-CB5 | Account Administrator | |||||||
| 651-495-3847 | ||||||||
| michael.bengtson@usbank.com | ||||||||
| Distribution Date: | November 25, 2005 | |||||||
| DISTRIBUTION STATEMENT | ||||||||
| Pooling and Servicing Agreement Dated October 20, 2005 | ||||||||
| LIQUIDATION REPORT | ||||||||
| Loan Number | Unpaid Principal Balance | Scheduled Principal | Liquidation Proceeds | Loss | ||||
| 0.00 | ||||||||
Page 4
| C-BASS | Contact: | |||||||
| MORTGAGE LOAN ASSET-BACKED CERTIFICATES | Mike Bengtson | |||||||
| SERIES 2005-CB5 | Account Administrator | |||||||
| 651-495-3847 | ||||||||
| michael.bengtson@usbank.com | ||||||||
| Distribution Date: | November 25, 2005 | |||||||
| DISTRIBUTION STATEMENT | ||||||||
| Pooling and Servicing Agreement Dated October 20, 2005 | ||||||||
| REO REPORT | ||||||||
| Loan Number | Unpaid Principal Balance | Scheduled Principal | Book Value | Group | ||||
Page 5