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): March 25, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Loan Pass-Through Certificates, Series 2005-1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-12 54-2165624
Pooling and Servicing Agreement) (Commission 54-2165625
(State or other File Number) IRS EIN
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 March 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Loan Pass-Through Certificates, Series
2005-1 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Loan Pass-Through Certificates,
Series 2005-1 Trust, relating to the
March 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.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Loan Pass-Through Certificates, Series 2005-1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 3/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Loan Pass-Through Certificates, Series 2005-1 Trust,
relating to the March 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Loan Pass-Through Certificates
Record Date: 2/28/2005
Distribution Date: 3/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Loan 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
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 05949AM80 SEN 5.50000% 6,595,404.81 30,228.94 305,275.18
1-A-2 05949AM98 SEN 5.50000% 2,384,000.00 10,926.67 0.00
1-A-3 05949AN22 SEN 5.50000% 4,592,000.00 21,046.67 0.00
1-A-4 05949AN30 SEN 5.50000% 890,000.00 4,079.17 0.00
1-A-5 05949AN48 SEN 5.50000% 2,000,000.00 9,166.67 0.00
1-A-6 05949AN55 SEN 5.50000% 2,000,000.00 9,166.67 0.00
1-A-7 05949AN63 SEN 3.89000% 5,695,765.89 18,463.77 263,634.46
1-A-8 05949AN71 SEN 8.18333% 3,417,459.54 23,305.18 158,180.67
1-A-9 05949AN89 SEN 3.25000% 13,009,948.22 35,235.28 21,879.62
1-A-10 05949AN97 SEN 13.33936% 3,267,272.00 36,319.44 5,494.77
1-A-11 05949AP20 SEN 8.00000% 1,463,618.71 9,757.46 2,461.46
1-A-12 05949AP38 SEN 5.50000% 3,679,135.36 16,862.70 961,609.97
1-A-13 05949AP46 SEN 4.75000% 65,393,765.28 258,850.32 241,947.04
1-A-14 05949AP53 SEN 5.25000% 10,332,000.00 45,202.50 0.00
1-A-15 05949AP61 SEN 5.50000% 13,948,000.00 63,928.33 0.00
1-A-16 05949AP79 SEN 5.50000% 4,229,000.00 19,382.92 0.00
1-A-17 05949AP87 SEN 5.50000% 504,000.00 2,310.00 0.00
1-A-18 05949AP95 SEN 5.25000% 4,467,000.00 19,543.13 0.00
1-A-19 05949AQ29 SEN 5.25000% 0.00 43,023.60 0.00
1-A-20 05949AQ37 SEN 5.50000% 0.00 19,331.54 0.00
1-A-21 05949AQ45 SEN 5.25000% 10,000,000.00 43,750.00 0.00
1-A-22 05949AQ52 SEN 5.25000% 69,390,396.48 303,582.98 1,268,579.03
1-A-23 05949AQ60 SEN 5.25000% 4,467,000.00 19,543.13 0.00
1-A-24 05949AQ78 SEN 5.25000% 4,467,000.00 19,543.13 0.00
1-A-R 05949AQ86 SEN 5.50000% 0.00 0.00 0.00
1-A-LR 05949AQ94 SEN 5.50000% 0.00 0.04 0.00
2-A-1 05949AR28 SEN 5.00000% 75,369,164.33 314,038.18 301,857.80
30-PO 05949AR44 SEN 0.00000% 1,826,260.80 0.00 2,817.13
30-IO 05949AR36 SEN 5.50000% 0.00 19,372.92 0.00
15-PO 05949AR69 SEN 0.00000% 578,451.99 0.00 2,268.61
15-IO 05949AR51 SEN 5.00000% 0.00 6,336.46 0.00
30-B-1 05949AR77 SUB 5.50000% 3,450,337.83 15,814.05 3,705.93
30-B-2 05949AR85 SUB 5.50000% 1,231,692.69 5,645.26 1,322.93
30-B-3 05949AR93 SUB 5.50000% 739,215.40 3,388.07 793.97
30-B-4 05949AS50 SUB 5.50000% 493,476.23 2,261.77 530.03
30-B-5 05949AS68 SUB 5.50000% 369,607.70 1,694.04 396.99
30-B-6 05949AS76 SUB 5.50000% 369,684.21 1,694.39 397.07
15-B-1 05949AS27 SUB 5.00000% 505,108.19 2,104.62 1,901.82
15-B-2 05949AS35 SUB 5.00000% 349,690.29 1,457.04 1,316.64
15-B-3 05949AS43 SUB 5.00000% 195,268.65 813.62 735.22
15-B-4 05949AS84 SUB 5.00000% 77,708.95 323.79 292.59
15-B-5 05949AS92 SUB 5.00000% 77,708.95 323.79 292.59
15-B-6 05949AT26 SUB 5.00000% 116,796.71 486.65 439.76
Totals 321,942,939.21 1,458,304.89 3,548,131.28
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 6,290,129.63 335,504.12 0.00
1-A-2 0.00 2,384,000.00 10,926.67 0.00
1-A-3 0.00 4,592,000.00 21,046.67 0.00
1-A-4 0.00 890,000.00 4,079.17 0.00
1-A-5 0.00 2,000,000.00 9,166.67 0.00
1-A-6 0.00 2,000,000.00 9,166.67 0.00
1-A-7 0.00 5,432,131.44 282,098.23 0.00
1-A-8 0.00 3,259,278.86 181,485.85 0.00
1-A-9 0.00 12,988,068.60 57,114.90 0.00
1-A-10 0.00 3,261,777.23 41,814.21 0.00
1-A-11 0.00 1,461,157.26 12,218.92 0.00
1-A-12 0.00 2,717,525.39 978,472.67 0.00
1-A-13 0.00 65,151,818.24 500,797.36 0.00
1-A-14 0.00 10,332,000.00 45,202.50 0.00
1-A-15 0.00 13,948,000.00 63,928.33 0.00
1-A-16 0.00 4,229,000.00 19,382.92 0.00
1-A-17 0.00 504,000.00 2,310.00 0.00
1-A-18 0.00 4,467,000.00 19,543.13 0.00
1-A-19 0.00 0.00 43,023.60 0.00
1-A-20 0.00 0.00 19,331.54 0.00
1-A-21 0.00 10,000,000.00 43,750.00 0.00
1-A-22 0.00 68,121,817.45 1,572,162.01 0.00
1-A-23 0.00 4,467,000.00 19,543.13 0.00
1-A-24 0.00 4,467,000.00 19,543.13 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.04 0.00
2-A-1 0.00 75,067,306.53 615,895.98 0.00
30-PO 0.00 1,823,443.68 2,817.13 0.00
30-IO 0.00 0.00 19,372.92 0.00
15-PO 0.00 576,183.38 2,268.61 0.00
15-IO 0.00 0.00 6,336.46 0.00
30-B-1 0.00 3,446,631.91 19,519.98 0.00
30-B-2 0.00 1,230,369.76 6,968.19 0.00
30-B-3 0.00 738,421.43 4,182.04 0.00
30-B-4 0.00 492,946.20 2,791.80 0.00
30-B-5 0.00 369,210.71 2,091.03 0.00
30-B-6 0.00 369,287.14 2,091.46 0.00
15-B-1 0.00 503,206.38 4,006.44 0.00
15-B-2 0.00 348,373.64 2,773.68 0.00
15-B-3 0.00 194,533.43 1,548.84 0.00
15-B-4 0.00 77,416.37 616.38 0.00
15-B-5 0.00 77,416.37 616.38 0.00
15-B-6 0.00 116,356.95 926.41 0.00
Totals 0.00 318,394,807.98 5,006,436.17 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-A-1 6,774,000.00 6,595,404.81 23,983.73 281,291.45 0.00 0.00
1-A-2 2,384,000.00 2,384,000.00 0.00 0.00 0.00 0.00
1-A-3 4,592,000.00 4,592,000.00 0.00 0.00 0.00 0.00
1-A-4 890,000.00 890,000.00 0.00 0.00 0.00 0.00
1-A-5 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00
1-A-6 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00
1-A-7 5,850,000.00 5,695,765.89 20,712.26 242,922.20 0.00 0.00
1-A-8 3,510,000.00 3,417,459.54 12,427.36 145,753.32 0.00 0.00
1-A-9 13,029,133.00 13,009,948.22 1,718.96 20,160.67 0.00 0.00
1-A-10 3,272,090.00 3,267,272.00 431.69 5,063.08 0.00 0.00
1-A-11 1,465,777.00 1,463,618.71 193.38 2,268.07 0.00 0.00
1-A-12 4,233,000.00 3,679,135.36 76,873.03 901,599.64 (16,862.70) 0.00
1-A-13 65,604,000.00 65,393,765.28 19,008.40 222,938.64 0.00 0.00
1-A-14 10,332,000.00 10,332,000.00 0.00 0.00 0.00 0.00
1-A-15 13,948,000.00 13,948,000.00 0.00 0.00 0.00 0.00
1-A-16 4,229,000.00 4,229,000.00 0.00 0.00 0.00 0.00
1-A-17 504,000.00 504,000.00 0.00 0.00 0.00 0.00
1-A-18 4,467,000.00 4,467,000.00 0.00 0.00 0.00 0.00
1-A-19 0.00 0.00 0.00 0.00 0.00 0.00
1-A-20 0.00 0.00 0.00 0.00 0.00 0.00
1-A-21 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
1-A-22 70,177,000.00 69,390,396.48 99,665.04 1,168,914.00 0.00 0.00
1-A-23 4,467,000.00 4,467,000.00 0.00 0.00 0.00 0.00
1-A-24 4,467,000.00 4,467,000.00 0.00 0.00 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 76,143,000.00 75,369,164.33 283,777.64 18,080.15 0.00 0.00
30-PO 1,829,524.24 1,826,260.80 2,072.18 744.95 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 580,652.65 578,451.99 2,195.68 72.93 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
30-B-1 3,454,000.00 3,450,337.83 3,705.93 0.00 0.00 0.00
30-B-2 1,233,000.00 1,231,692.69 1,322.93 0.00 0.00 0.00
30-B-3 740,000.00 739,215.40 793.97 0.00 0.00 0.00
30-B-4 494,000.00 493,476.23 530.03 0.00 0.00 0.00
30-B-5 370,000.00 369,607.70 396.99 0.00 0.00 0.00
30-B-6 370,076.59 369,684.21 397.07 0.00 0.00 0.00
15-B-1 507,000.00 505,108.19 1,901.82 0.00 0.00 0.00
15-B-2 351,000.00 349,690.29 1,316.64 0.00 0.00 0.00
15-B-3 196,000.00 195,268.65 735.22 0.00 0.00 0.00
15-B-4 78,000.00 77,708.95 292.59 0.00 0.00 0.00
15-B-5 78,000.00 77,708.95 292.59 0.00 0.00 0.00
15-B-6 117,234.15 116,796.71 439.76 0.00 0.00 0.00
Totals 324,736,587.63 321,942,939.21 555,184.89 3,009,809.10 (16,862.70) 0.00
<FN>
(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.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-A-1 305,275.18 6,290,129.63 0.92856948 305,275.18
1-A-2 0.00 2,384,000.00 1.00000000 0.00
1-A-3 0.00 4,592,000.00 1.00000000 0.00
1-A-4 0.00 890,000.00 1.00000000 0.00
1-A-5 0.00 2,000,000.00 1.00000000 0.00
1-A-6 0.00 2,000,000.00 1.00000000 0.00
1-A-7 263,634.46 5,432,131.44 0.92856948 263,634.46
1-A-8 158,180.67 3,259,278.86 0.92856948 158,180.67
1-A-9 21,879.62 12,988,068.60 0.99684826 21,879.62
1-A-10 5,494.77 3,261,777.23 0.99684826 5,494.77
1-A-11 2,461.46 1,461,157.26 0.99684827 2,461.46
1-A-12 961,609.97 2,717,525.39 0.64198568 961,609.97
1-A-13 241,947.04 65,151,818.24 0.99310741 241,947.04
1-A-14 0.00 10,332,000.00 1.00000000 0.00
1-A-15 0.00 13,948,000.00 1.00000000 0.00
1-A-16 0.00 4,229,000.00 1.00000000 0.00
1-A-17 0.00 504,000.00 1.00000000 0.00
1-A-18 0.00 4,467,000.00 1.00000000 0.00
1-A-19 0.00 0.00 0.00000000 0.00
1-A-20 0.00 0.00 0.00000000 0.00
1-A-21 0.00 10,000,000.00 1.00000000 0.00
1-A-22 1,268,579.03 68,121,817.45 0.97071430 1,268,579.03
1-A-23 0.00 4,467,000.00 1.00000000 0.00
1-A-24 0.00 4,467,000.00 1.00000000 0.00
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 301,857.80 75,067,306.53 0.98587272 301,857.80
30-PO 2,817.13 1,823,443.68 0.99667643 2,817.13
30-IO 0.00 0.00 0.00000000 0.00
15-PO 2,268.61 576,183.38 0.99230302 2,268.61
15-IO 0.00 0.00 0.00000000 0.00
30-B-1 3,705.93 3,446,631.91 0.99786680 3,705.93
30-B-2 1,322.93 1,230,369.76 0.99786680 1,322.93
30-B-3 793.97 738,421.43 0.99786680 793.97
30-B-4 530.03 492,946.20 0.99786680 530.03
30-B-5 396.99 369,210.71 0.99786678 396.99
30-B-6 397.07 369,287.14 0.99786679 397.07
15-B-1 1,901.82 503,206.38 0.99251751 1,901.82
15-B-2 1,316.64 348,373.64 0.99251749 1,316.64
15-B-3 735.22 194,533.43 0.99251750 735.22
15-B-4 292.59 77,416.37 0.99251756 292.59
15-B-5 292.59 77,416.37 0.99251756 292.59
15-B-6 439.76 116,356.95 0.99251754 439.76
Totals 3,548,131.28 318,394,807.98 0.98047100 3,548,131.28
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A-1 6,774,000.00 973.63519486 3.54055654 41.52516239 0.00000000
1-A-2 2,384,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 4,592,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-5 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-7 5,850,000.00 973.63519487 3.54055726 41.52516239 0.00000000
1-A-8 3,510,000.00 973.63519658 3.54055840 41.52516239 0.00000000
1-A-9 13,029,133.00 998.52754746 0.13193203 1.54735315 0.00000000
1-A-10 3,272,090.00 998.52754661 0.13193097 1.54735353 0.00000000
1-A-11 1,465,777.00 998.52754546 0.13193003 1.54734997 0.00000000
1-A-12 4,233,000.00 869.15553036 18.16041342 212.99306402 (3.98362863)
1-A-13 65,604,000.00 996.79539784 0.28974453 3.39824767 0.00000000
1-A-14 10,332,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-15 13,948,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-16 4,229,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-17 504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-18 4,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-19 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-20 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-21 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-22 70,177,000.00 988.79114924 1.42019522 16.65665389 0.00000000
1-A-23 4,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-24 4,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 76,143,000.00 989.83707406 3.72690385 0.23744993 0.00000000
30-PO 1,829,524.24 998.21623571 1.13263326 0.40718236 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 580,652.65 996.21002332 3.78140012 0.12560005 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 3,454,000.00 998.93973075 1.07293862 0.00000000 0.00000000
30-B-2 1,233,000.00 998.93973236 1.07293593 0.00000000 0.00000000
30-B-3 740,000.00 998.93972973 1.07293243 0.00000000 0.00000000
30-B-4 494,000.00 998.93973684 1.07293522 0.00000000 0.00000000
30-B-5 370,000.00 998.93972973 1.07294595 0.00000000 0.00000000
30-B-6 370,076.59 998.93973299 1.07294006 0.00000000 0.00000000
15-B-1 507,000.00 996.26861933 3.75112426 0.00000000 0.00000000
15-B-2 351,000.00 996.26863248 3.75111111 0.00000000 0.00000000
15-B-3 196,000.00 996.26862245 3.75112245 0.00000000 0.00000000
15-B-4 78,000.00 996.26858974 3.75115385 0.00000000 0.00000000
15-B-5 78,000.00 996.26858974 3.75115385 0.00000000 0.00000000
15-B-6 117,234.15 996.26866404 3.75112542 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 45.06571893 928.56947594 0.92856948 45.06571893
1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-7 0.00000000 45.06571966 928.56947692 0.92856948 45.06571966
1-A-8 0.00000000 45.06571795 928.56947578 0.92856948 45.06571795
1-A-9 0.00000000 1.67928442 996.84826304 0.99684826 1.67928442
1-A-10 0.00000000 1.67928449 996.84826212 0.99684826 1.67928449
1-A-11 0.00000000 1.67928682 996.84826546 0.99684827 1.67928682
1-A-12 0.00000000 227.16984881 641.98568155 0.64198568 227.16984881
1-A-13 0.00000000 3.68799220 993.10740565 0.99310741 3.68799220
1-A-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-18 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-19 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-20 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-21 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-22 0.00000000 18.07684897 970.71430027 0.97071430 18.07684897
1-A-23 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-24 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 3.96435391 985.87272014 0.98587272 3.96435391
30-PO 0.00000000 1.53981562 996.67642556 0.99667643 1.53981562
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 3.90700017 992.30302316 0.99230302 3.90700017
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 0.00000000 1.07293862 997.86679502 0.99786680 1.07293862
30-B-2 0.00000000 1.07293593 997.86679643 0.99786680 1.07293593
30-B-3 0.00000000 1.07293243 997.86679730 0.99786680 1.07293243
30-B-4 0.00000000 1.07293522 997.86680162 0.99786680 1.07293522
30-B-5 0.00000000 1.07294595 997.86678378 0.99786678 1.07294595
30-B-6 0.00000000 1.07294006 997.86679293 0.99786679 1.07294006
15-B-1 0.00000000 3.75112426 992.51751479 0.99251751 3.75112426
15-B-2 0.00000000 3.75111111 992.51749288 0.99251749 3.75111111
15-B-3 0.00000000 3.75112245 992.51750000 0.99251750 3.75112245
15-B-4 0.00000000 3.75115385 992.51756410 0.99251756 3.75115385
15-B-5 0.00000000 3.75115385 992.51756410 0.99251756 3.75115385
15-B-6 0.00000000 3.75112542 992.51753862 0.99251754 3.75112542
<FN>
(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.
</FN>
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
<s> <c> <c> <c> <c> <c> <c>
1-A-1 6,774,000.00 5.50000% 6,595,404.81 30,228.94 0.00 0.00
1-A-2 2,384,000.00 5.50000% 2,384,000.00 10,926.67 0.00 0.00
1-A-3 4,592,000.00 5.50000% 4,592,000.00 21,046.67 0.00 0.00
1-A-4 890,000.00 5.50000% 890,000.00 4,079.17 0.00 0.00
1-A-5 2,000,000.00 5.50000% 2,000,000.00 9,166.67 0.00 0.00
1-A-6 2,000,000.00 5.50000% 2,000,000.00 9,166.67 0.00 0.00
1-A-7 5,850,000.00 3.89000% 5,695,765.89 18,463.77 0.00 0.00
1-A-8 3,510,000.00 8.18333% 3,417,459.54 23,305.18 0.00 0.00
1-A-9 13,029,133.00 3.25000% 13,009,948.22 35,235.28 0.00 0.00
1-A-10 3,272,090.00 13.33936% 3,267,272.00 36,319.44 0.00 0.00
1-A-11 1,465,777.00 8.00000% 1,463,618.71 9,757.46 0.00 0.00
1-A-12 4,233,000.00 5.50000% 3,679,135.36 16,862.70 0.00 0.00
1-A-13 65,604,000.00 4.75000% 65,393,765.28 258,850.32 0.00 0.00
1-A-14 10,332,000.00 5.25000% 10,332,000.00 45,202.50 0.00 0.00
1-A-15 13,948,000.00 5.50000% 13,948,000.00 63,928.33 0.00 0.00
1-A-16 4,229,000.00 5.50000% 4,229,000.00 19,382.92 0.00 0.00
1-A-17 504,000.00 5.50000% 504,000.00 2,310.00 0.00 0.00
1-A-18 4,467,000.00 5.25000% 4,467,000.00 19,543.13 0.00 0.00
1-A-19 0.00 5.25000% 9,833,966.47 43,023.60 0.00 0.00
1-A-20 0.00 5.50000% 4,217,790.75 19,331.54 0.00 0.00
1-A-21 10,000,000.00 5.25000% 10,000,000.00 43,750.00 0.00 0.00
1-A-22 70,177,000.00 5.25000% 69,390,396.48 303,582.98 0.00 0.00
1-A-23 4,467,000.00 5.25000% 4,467,000.00 19,543.13 0.00 0.00
1-A-24 4,467,000.00 5.25000% 4,467,000.00 19,543.13 0.00 0.00
1-A-R 50.00 5.50000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 5.50000% 0.00 0.00 0.00 0.00
2-A-1 76,143,000.00 5.00000% 75,369,164.33 314,038.18 0.00 0.00
30-PO 1,829,524.24 0.00000% 1,826,260.80 0.00 0.00 0.00
30-IO 0.00 5.50000% 4,226,819.76 19,372.92 0.00 0.00
15-PO 580,652.65 0.00000% 578,451.99 0.00 0.00 0.00
15-IO 0.00 5.00000% 1,520,749.63 6,336.46 0.00 0.00
30-B-1 3,454,000.00 5.50000% 3,450,337.83 15,814.05 0.00 0.00
30-B-2 1,233,000.00 5.50000% 1,231,692.69 5,645.26 0.00 0.00
30-B-3 740,000.00 5.50000% 739,215.40 3,388.07 0.00 0.00
30-B-4 494,000.00 5.50000% 493,476.23 2,261.77 0.00 0.00
30-B-5 370,000.00 5.50000% 369,607.70 1,694.04 0.00 0.00
30-B-6 370,076.59 5.50000% 369,684.21 1,694.39 0.00 0.00
15-B-1 507,000.00 5.00000% 505,108.19 2,104.62 0.00 0.00
15-B-2 351,000.00 5.00000% 349,690.29 1,457.04 0.00 0.00
15-B-3 196,000.00 5.00000% 195,268.65 813.62 0.00 0.00
15-B-4 78,000.00 5.00000% 77,708.95 323.79 0.00 0.00
15-B-5 78,000.00 5.00000% 77,708.95 323.79 0.00 0.00
15-B-6 117,234.15 5.00000% 116,796.71 486.65 0.00 0.00
Totals 324,736,587.63 1,458,304.85 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
<s> <c> <c> <c> <c> <c>
1-A-1 0.00 0.00 30,228.94 0.00 6,290,129.63
1-A-2 0.00 0.00 10,926.67 0.00 2,384,000.00
1-A-3 0.00 0.00 21,046.67 0.00 4,592,000.00
1-A-4 0.00 0.00 4,079.17 0.00 890,000.00
1-A-5 0.00 0.00 9,166.67 0.00 2,000,000.00
1-A-6 0.00 0.00 9,166.67 0.00 2,000,000.00
1-A-7 0.00 0.00 18,463.77 0.00 5,432,131.44
1-A-8 0.00 0.00 23,305.18 0.00 3,259,278.86
1-A-9 0.00 0.00 35,235.28 0.00 12,988,068.60
1-A-10 0.00 0.00 36,319.44 0.00 3,261,777.23
1-A-11 0.00 0.00 9,757.46 0.00 1,461,157.26
1-A-12 0.00 0.00 16,862.70 0.00 2,717,525.39
1-A-13 0.00 0.00 258,850.32 0.00 65,151,818.24
1-A-14 0.00 0.00 45,202.50 0.00 10,332,000.00
1-A-15 0.00 0.00 63,928.33 0.00 13,948,000.00
1-A-16 0.00 0.00 19,382.92 0.00 4,229,000.00
1-A-17 0.00 0.00 2,310.00 0.00 504,000.00
1-A-18 0.00 0.00 19,543.13 0.00 4,467,000.00
1-A-19 0.00 0.00 43,023.60 0.00 9,799,402.61
1-A-20 0.00 0.00 19,331.54 0.00 4,160,128.07
1-A-21 0.00 0.00 43,750.00 0.00 10,000,000.00
1-A-22 0.00 0.00 303,582.98 0.00 68,121,817.45
1-A-23 0.00 0.00 19,543.13 0.00 4,467,000.00
1-A-24 0.00 0.00 19,543.13 0.00 4,467,000.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.04 0.00 0.00
2-A-1 0.00 0.00 314,038.18 0.00 75,067,306.53
30-PO 0.00 0.00 0.00 0.00 1,823,443.68
30-IO 0.00 0.00 19,372.92 0.00 4,022,393.46
15-PO 0.00 0.00 0.00 0.00 576,183.38
15-IO 0.00 0.00 6,336.46 0.00 1,514,434.03
30-B-1 0.00 0.00 15,814.05 0.00 3,446,631.91
30-B-2 0.00 0.00 5,645.26 0.00 1,230,369.76
30-B-3 0.00 0.00 3,388.07 0.00 738,421.43
30-B-4 0.00 0.00 2,261.77 0.00 492,946.20
30-B-5 0.00 0.00 1,694.04 0.00 369,210.71
30-B-6 0.00 0.00 1,694.39 0.00 369,287.14
15-B-1 0.00 0.00 2,104.62 0.00 503,206.38
15-B-2 0.00 0.00 1,457.04 0.00 348,373.64
15-B-3 0.00 0.00 813.62 0.00 194,533.43
15-B-4 0.00 0.00 323.79 0.00 77,416.37
15-B-5 0.00 0.00 323.79 0.00 77,416.37
15-B-6 0.00 0.00 486.65 0.00 116,356.95
Totals 0.00 0.00 1,458,304.89 0.00
<FN>
(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.
</FN>
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
<s> <c> <c> <c> <c> <c> <c>
1-A-1 6,774,000.00 5.50000% 973.63519486 4.46249483 0.00000000 0.00000000
1-A-2 2,384,000.00 5.50000% 1000.00000000 4.58333473 0.00000000 0.00000000
1-A-3 4,592,000.00 5.50000% 1000.00000000 4.58333406 0.00000000 0.00000000
1-A-4 890,000.00 5.50000% 1000.00000000 4.58333708 0.00000000 0.00000000
1-A-5 2,000,000.00 5.50000% 1000.00000000 4.58333500 0.00000000 0.00000000
1-A-6 2,000,000.00 5.50000% 1000.00000000 4.58333500 0.00000000 0.00000000
1-A-7 5,850,000.00 3.89000% 973.63519487 3.15620000 0.00000000 0.00000000
1-A-8 3,510,000.00 8.18333% 973.63519658 6.63965242 0.00000000 0.00000000
1-A-9 13,029,133.00 3.25000% 998.52754746 2.70434572 0.00000000 0.00000000
1-A-10 3,272,090.00 13.33936% 998.52754661 11.09976804 0.00000000 0.00000000
1-A-11 1,465,777.00 8.00000% 998.52754546 6.65685162 0.00000000 0.00000000
1-A-12 4,233,000.00 5.50000% 869.15553036 3.98362863 0.00000000 0.00000000
1-A-13 65,604,000.00 4.75000% 996.79539784 3.94564844 0.00000000 0.00000000
1-A-14 10,332,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
1-A-15 13,948,000.00 5.50000% 1000.00000000 4.58333309 0.00000000 0.00000000
1-A-16 4,229,000.00 5.50000% 1000.00000000 4.58333412 0.00000000 0.00000000
1-A-17 504,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-18 4,467,000.00 5.25000% 1000.00000000 4.37500112 0.00000000 0.00000000
1-A-19 0.00 5.25000% 996.95523824 4.36167883 0.00000000 0.00000000
1-A-20 0.00 5.50000% 991.59424668 4.54480674 0.00000000 0.00000000
1-A-21 10,000,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
1-A-22 70,177,000.00 5.25000% 988.79114924 4.32596121 0.00000000 0.00000000
1-A-23 4,467,000.00 5.25000% 1000.00000000 4.37500112 0.00000000 0.00000000
1-A-24 4,467,000.00 5.25000% 1000.00000000 4.37500112 0.00000000 0.00000000
1-A-R 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 76,143,000.00 5.00000% 989.83707406 4.12432108 0.00000000 0.00000000
30-PO 1,829,524.24 0.00000% 998.21623571 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 993.13367626 4.55186177 0.00000000 0.00000000
15-PO 580,652.65 0.00000% 996.21002332 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.00000% 973.79860933 4.05749626 0.00000000 0.00000000
30-B-1 3,454,000.00 5.50000% 998.93973075 4.57847423 0.00000000 0.00000000
30-B-2 1,233,000.00 5.50000% 998.93973236 4.57847526 0.00000000 0.00000000
30-B-3 740,000.00 5.50000% 998.93972973 4.57847297 0.00000000 0.00000000
30-B-4 494,000.00 5.50000% 998.93973684 4.57848178 0.00000000 0.00000000
30-B-5 370,000.00 5.50000% 998.93972973 4.57848649 0.00000000 0.00000000
30-B-6 370,076.59 5.50000% 998.93973299 4.57848469 0.00000000 0.00000000
15-B-1 507,000.00 5.00000% 996.26861933 4.15112426 0.00000000 0.00000000
15-B-2 351,000.00 5.00000% 996.26863248 4.15111111 0.00000000 0.00000000
15-B-3 196,000.00 5.00000% 996.26862245 4.15112245 0.00000000 0.00000000
15-B-4 78,000.00 5.00000% 996.26858974 4.15115385 0.00000000 0.00000000
15-B-5 78,000.00 5.00000% 996.26858974 4.15115385 0.00000000 0.00000000
15-B-6 117,234.15 5.00000% 996.26866404 4.15109420 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00000000 0.00000000 4.46249483 0.00000000 928.56947594
1-A-2 0.00000000 0.00000000 4.58333473 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333406 0.00000000 1000.00000000
1-A-4 0.00000000 0.00000000 4.58333708 0.00000000 1000.00000000
1-A-5 0.00000000 0.00000000 4.58333500 0.00000000 1000.00000000
1-A-6 0.00000000 0.00000000 4.58333500 0.00000000 1000.00000000
1-A-7 0.00000000 0.00000000 3.15620000 0.00000000 928.56947692
1-A-8 0.00000000 0.00000000 6.63965242 0.00000000 928.56947578
1-A-9 0.00000000 0.00000000 2.70434572 0.00000000 996.84826304
1-A-10 0.00000000 0.00000000 11.09976804 0.00000000 996.84826212
1-A-11 0.00000000 0.00000000 6.65685162 0.00000000 996.84826546
1-A-12 0.00000000 0.00000000 3.98362863 0.00000000 641.98568155
1-A-13 0.00000000 0.00000000 3.94564844 0.00000000 993.10740565
1-A-14 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
1-A-15 0.00000000 0.00000000 4.58333309 0.00000000 1000.00000000
1-A-16 0.00000000 0.00000000 4.58333412 0.00000000 1000.00000000
1-A-17 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-18 0.00000000 0.00000000 4.37500112 0.00000000 1000.00000000
1-A-19 0.00000000 0.00000000 4.36167883 0.00000000 993.45119728
1-A-20 0.00000000 0.00000000 4.54480674 0.00000000 978.03786489
1-A-21 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
1-A-22 0.00000000 0.00000000 4.32596121 0.00000000 970.71430027
1-A-23 0.00000000 0.00000000 4.37500112 0.00000000 1000.00000000
1-A-24 0.00000000 0.00000000 4.37500112 0.00000000 1000.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.80000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.12432108 0.00000000 985.87272014
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.67642556
30-IO 0.00000000 0.00000000 4.55186177 0.00000000 945.10166771
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 992.30302316
15-IO 0.00000000 0.00000000 4.05749626 0.00000000 969.75447059
30-B-1 0.00000000 0.00000000 4.57847423 0.00000000 997.86679502
30-B-2 0.00000000 0.00000000 4.57847526 0.00000000 997.86679643
30-B-3 0.00000000 0.00000000 4.57847297 0.00000000 997.86679730
30-B-4 0.00000000 0.00000000 4.57848178 0.00000000 997.86680162
30-B-5 0.00000000 0.00000000 4.57848649 0.00000000 997.86678378
30-B-6 0.00000000 0.00000000 4.57848469 0.00000000 997.86679293
15-B-1 0.00000000 0.00000000 4.15112426 0.00000000 992.51751479
15-B-2 0.00000000 0.00000000 4.15111111 0.00000000 992.51749288
15-B-3 0.00000000 0.00000000 4.15112245 0.00000000 992.51750000
15-B-4 0.00000000 0.00000000 4.15115385 0.00000000 992.51756410
15-B-5 0.00000000 0.00000000 4.15115385 0.00000000 992.51756410
15-B-6 0.00000000 0.00000000 4.15109420 0.00000000 992.51753862
<FN>
(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.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
X-PO-1 0.00000% 0.00 0.00 1,826,260.80 1,823,443.68 99.66764256%
X-PO-2 0.00000% 0.00 0.00 578,451.99 576,183.38 99.23030232%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,075,519.77
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 0.00
Total Deposits 5,075,519.77
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 69,083.60
Payment of Interest and Principal 5,006,436.17
Total Withdrawals (Pool Distribution Amount) 5,075,519.77
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 67,071.45
Trustee Fee 2,012.15
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 69,083.60
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
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 5 0 0 0 5
2,707,956.89 0.00 0.00 0.00 2,707,956.89
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 5 0 0 0 5
2,707,956.89 0.00 0.00 0.00 2,707,956.89
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 0.800000% 0.000000% 0.000000% 0.000000% 0.800000%
0.849305% 0.000000% 0.000000% 0.000000% 0.849305%
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 0.800000% 0.000000% 0.000000% 0.000000% 0.800000%
0.849305% 0.000000% 0.000000% 0.000000% 0.849305%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed 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 4 0 0 0 4
2,207,956.89 0.00 0.00 0.00 2,207,956.89
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 4 0 0 0 4
2,207,956.89 0.00 0.00 0.00 2,207,956.89
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.817996% 0.000000% 0.000000% 0.000000% 0.817996%
0.913720% 0.000000% 0.000000% 0.000000% 0.913720%
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 0.817996% 0.000000% 0.000000% 0.000000% 0.817996%
0.913720% 0.000000% 0.000000% 0.000000% 0.913720%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 - 15 Year Fixed 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
500,000.00 0.00 0.00 0.00 500,000.00
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
500,000.00 0.00 0.00 0.00 500,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.735294% 0.000000% 0.000000% 0.000000% 0.735294%
0.647677% 0.000000% 0.000000% 0.000000% 0.647677%
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 0.735294% 0.000000% 0.000000% 0.000000% 0.735294%
0.647677% 0.000000% 0.000000% 0.000000% 0.647677%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 16,549.13
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.693140%
Weighted Average Net Coupon 5.443140%
Weighted Average Pass-Through Rate 5.435640%
Weighted Average Maturity (Stepdown Calculation) 265
Beginning Scheduled Collateral Loan Count 632
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 625
Beginning Scheduled Collateral Balance 321,942,939.23
Ending Scheduled Collateral Balance 318,394,807.96
Ending Actual Collateral Balance at 28-Feb-2005 318,843,792.49
Monthly P&I Constant 2,081,248.53
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 553,860.08
Unscheduled Principal 2,994,271.19
Miscellaneous Reporting
Senior % 97.503805%
Subordinate % 2.496195%
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 15 Year Fixed Total
Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.811462 5.318474 5.693140
Weighted Average Net Rate 5.561462 5.068474 5.443140
Weighted Average Maturity 355 176 265
Beginning Loan Count 496 136 632
Loans Paid In Full 7 0 7
Ending Loan Count 489 136 625
Beginning Scheduled Balance 244,673,041.17 77,269,898.06 321,942,939.23
Ending scheduled Balance 241,434,014.92 76,960,793.04 318,394,807.96
Record Date 02/28/2005 02/28/2005 02/28/2005
Principal And Interest Constant 1,447,831.61 633,416.92 2,081,248.53
Scheduled Principal 262,908.14 290,951.94 553,860.08
Unscheduled Principal 2,976,118.11 18,153.08 2,994,271.19
Scheduled Interest 1,184,923.47 342,464.98 1,527,388.45
Servicing Fees 50,973.55 16,097.90 67,071.45
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,529.21 482.94 2,012.15
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 Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 1,132,420.71 325,884.14 1,458,304.85
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 5.553962 5.060974 5.435640
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 13.672137%
Subordinate % 2.740005%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.259995%
Group 2 - 15 Year Fixed
CPR 0.282616%
Subordinate % 1.724158%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 98.275842%