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): June 27, 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
Pooling and Servicing Agreement) (Commission 54-2165624
(State or other File Number) 54-2165625
jurisdiction IRS EIN
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 June 27, 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
June 27, 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 Officer
By: Beth Belfield as Officer
Date: 6/28/2005
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 June 27, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Loan Pass-Through Certificates
Record Date: 5/31/2005
Distribution Date: 6/27/2005
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
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
<s> <c> <c> <c> <c> <c>
1-A-1 05949AM80 SEN 5.50000% 5,624,709.51 25,779.92
1-A-2 05949AM98 SEN 5.50000% 2,384,000.00 10,926.67
1-A-3 05949AN22 SEN 5.50000% 4,592,000.00 21,046.67
1-A-4 05949AN30 SEN 5.50000% 890,000.00 4,079.17
1-A-5 05949AN48 SEN 5.50000% 2,000,000.00 9,166.67
1-A-6 05949AN55 SEN 5.50000% 2,000,000.00 9,166.67
1-A-7 05949AN63 SEN 4.38125% 4,857,477.21 17,734.85
1-A-8 05949AN71 SEN 7.36458% 2,914,486.33 17,886.65
1-A-9 05949AN89 SEN 3.69000% 12,936,244.60 39,778.95
1-A-10 05949AN97 SEN 11.58733% 3,248,762.34 31,370.40
1-A-11 05949AP20 SEN 8.00000% 1,455,327.06 9,702.18
1-A-12 05949AP38 SEN 5.50000% 627,101.67 2,874.22
1-A-13 05949AP46 SEN 4.75000% 64,573,286.63 255,602.59
1-A-14 05949AP53 SEN 5.25000% 10,332,000.00 45,202.50
1-A-15 05949AP61 SEN 5.50000% 13,948,000.00 63,928.33
1-A-16 05949AP79 SEN 5.50000% 4,229,000.00 19,382.92
1-A-17 05949AP87 SEN 5.50000% 504,000.00 2,310.00
1-A-18 05949AP95 SEN 5.25000% 4,467,000.00 19,543.13
1-A-19 05949AQ29 SEN 5.25000% 0.00 42,510.80
1-A-20 05949AQ37 SEN 5.50000% 0.00 18,484.28
1-A-21 05949AQ45 SEN 5.25000% 10,000,000.00 43,750.00
1-A-22 05949AQ52 SEN 5.25000% 65,323,548.58 285,790.53
1-A-23 05949AQ60 SEN 5.25000% 4,467,000.00 19,543.13
1-A-24 05949AQ78 SEN 5.25000% 4,467,000.00 19,543.13
1-A-R 05949AQ86 SEN 5.50000% 0.00 0.00
1-A-LR 05949AQ94 SEN 5.50000% 0.00 0.10
2-A-1 05949AR28 SEN 5.00000% 72,186,374.87 300,776.56
30-PO 05949AR44 SEN 0.00000% 1,801,918.16 0.00
30-IO 05949AR36 SEN 5.50000% 0.00 17,659.61
15-PO 05949AR69 SEN 0.00000% 571,100.61 0.00
15-IO 05949AR51 SEN 5.00000% 0.00 5,901.60
30-B-1 05949AR77 SUB 5.50000% 3,439,176.59 15,762.89
30-B-2 05949AR85 SUB 5.50000% 1,227,708.38 5,627.00
30-B-3 05949AR93 SUB 5.50000% 736,824.17 3,377.11
30-B-4 05949AS50 SUB 5.50000% 491,879.92 2,254.45
30-B-5 05949AS68 SUB 5.50000% 368,412.08 1,688.56
30-B-6 05949AS76 SUB 5.50000% 368,488.35 1,688.90
15-B-1 05949AS27 SUB 5.00000% 499,381.29 2,080.76
15-B-2 05949AS35 SUB 5.00000% 345,725.51 1,440.52
15-B-3 05949AS43 SUB 5.00000% 193,054.70 804.39
15-B-4 05949AS84 SUB 5.00000% 76,827.89 320.12
15-B-5 05949AS92 SUB 5.00000% 76,827.89 320.12
15-B-6 05949AT26 SUB 5.00000% 115,472.55 481.14
Totals 308,340,116.89 1,395,288.19
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 65,907.15 0.00 5,558,802.36 91,687.07 0.00
1-A-2 0.00 0.00 2,384,000.00 10,926.67 0.00
1-A-3 0.00 0.00 4,592,000.00 21,046.67 0.00
1-A-4 0.00 0.00 890,000.00 4,079.17 0.00
1-A-5 0.00 0.00 2,000,000.00 9,166.67 0.00
1-A-6 0.00 0.00 2,000,000.00 9,166.67 0.00
1-A-7 56,917.16 0.00 4,800,560.05 74,652.01 0.00
1-A-8 34,150.30 0.00 2,880,336.03 52,036.95 0.00
1-A-9 29,925.22 0.00 12,906,319.37 69,704.17 0.00
1-A-10 7,515.31 0.00 3,241,247.02 38,885.71 0.00
1-A-11 3,366.59 0.00 1,451,960.47 13,068.77 0.00
1-A-12 173,240.32 0.00 453,861.35 176,114.54 0.00
1-A-13 336,375.05 0.00 64,236,911.58 591,977.64 0.00
1-A-14 0.00 0.00 10,332,000.00 45,202.50 0.00
1-A-15 0.00 0.00 13,948,000.00 63,928.33 0.00
1-A-16 0.00 0.00 4,229,000.00 19,382.92 0.00
1-A-17 0.00 0.00 504,000.00 2,310.00 0.00
1-A-18 0.00 0.00 4,467,000.00 19,543.13 0.00
1-A-19 0.00 0.00 0.00 42,510.80 0.00
1-A-20 0.00 0.00 0.00 18,484.28 0.00
1-A-21 0.00 0.00 10,000,000.00 43,750.00 0.00
1-A-22 457,738.75 0.00 64,865,809.83 743,529.28 0.00
1-A-23 0.00 0.00 4,467,000.00 19,543.13 0.00
1-A-24 0.00 0.00 4,467,000.00 19,543.13 0.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.10 0.00
2-A-1 680,885.91 0.00 71,505,488.96 981,662.47 0.00
30-PO 9,151.55 0.00 1,792,766.61 9,151.55 0.00
30-IO 0.00 0.00 0.00 17,659.61 0.00
15-PO 2,246.22 0.00 568,854.39 2,246.22 0.00
15-IO 0.00 0.00 0.00 5,901.60 0.00
30-B-1 3,747.52 0.00 3,435,429.07 19,510.41 0.00
30-B-2 1,337.78 0.00 1,226,370.60 6,964.78 0.00
30-B-3 802.89 0.00 736,021.28 4,180.00 0.00
30-B-4 535.98 0.00 491,343.94 2,790.43 0.00
30-B-5 401.44 0.00 368,010.64 2,090.00 0.00
30-B-6 401.53 0.00 368,086.82 2,090.43 0.00
15-B-1 1,940.74 0.00 497,440.55 4,021.50 0.00
15-B-2 1,343.59 0.00 344,381.92 2,784.11 0.00
15-B-3 750.27 0.00 192,304.44 1,554.66 0.00
15-B-4 298.58 0.00 76,529.32 618.70 0.00
15-B-5 298.58 0.00 76,529.32 618.70 0.00
15-B-6 448.76 0.00 115,023.79 929.90 0.00
Totals 1,869,727.19 0.00 306,470,389.71 3,265,015.38 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 5,624,709.51 13,920.29 51,986.86 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 4,857,477.21 12,021.51 44,895.65 0.00 0.00
1-A-8 3,510,000.00 2,914,486.33 7,212.90 26,937.39 0.00 0.00
1-A-9 13,029,133.00 12,936,244.60 6,320.52 23,604.70 0.00 0.00
1-A-10 3,272,090.00 3,248,762.34 1,587.31 5,928.00 0.00 0.00
1-A-11 1,465,777.00 1,455,327.06 711.06 2,655.53 0.00 0.00
1-A-12 4,233,000.00 627,101.67 37,197.25 138,917.28 (2,874.22) 0.00
1-A-13 65,604,000.00 64,573,286.63 71,045.97 265,329.08 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 65,323,548.58 96,679.26 361,059.49 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 72,186,374.87 280,536.91 400,349.00 0.00 0.00
30-PO 1,829,524.24 1,801,918.16 2,044.55 7,107.00 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 580,652.65 571,100.61 2,221.39 24.84 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 3,439,176.59 3,747.52 0.00 0.00 0.00
30-B-2 1,233,000.00 1,227,708.38 1,337.78 0.00 0.00 0.00
30-B-3 740,000.00 736,824.17 802.89 0.00 0.00 0.00
30-B-4 494,000.00 491,879.92 535.98 0.00 0.00 0.00
30-B-5 370,000.00 368,412.08 401.44 0.00 0.00 0.00
30-B-6 370,076.59 368,488.35 401.53 0.00 0.00 0.00
15-B-1 507,000.00 499,381.29 1,940.74 0.00 0.00 0.00
15-B-2 351,000.00 345,725.51 1,343.59 0.00 0.00 0.00
15-B-3 196,000.00 193,054.70 750.27 0.00 0.00 0.00
15-B-4 78,000.00 76,827.89 298.58 0.00 0.00 0.00
15-B-5 78,000.00 76,827.89 298.58 0.00 0.00 0.00
15-B-6 117,234.15 115,472.55 448.76 0.00 0.00 0.00
Totals 324,736,587.63 308,340,116.89 543,806.58 1,328,794.82 (2,874.22) 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 65,907.15 5,558,802.36 0.82060856 65,907.15
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 56,917.16 4,800,560.05 0.82060856 56,917.16
1-A-8 34,150.30 2,880,336.03 0.82060856 34,150.30
1-A-9 29,925.22 12,906,319.37 0.99057392 29,925.22
1-A-10 7,515.31 3,241,247.02 0.99057392 7,515.31
1-A-11 3,366.59 1,451,960.47 0.99057392 3,366.59
1-A-12 173,240.32 453,861.35 0.10721979 173,240.32
1-A-13 336,375.05 64,236,911.58 0.97916151 336,375.05
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-22 457,738.75 64,865,809.83 0.92431722 457,738.75
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-1 680,885.91 71,505,488.96 0.93909472 680,885.91
30-PO 9,151.55 1,792,766.61 0.97990864 9,151.55
30-IO 0.00 0.00 0.00000000 0.00
15-PO 2,246.22 568,854.39 0.97968104 2,246.22
15-IO 0.00 0.00 0.00000000 0.00
30-B-1 3,747.52 3,435,429.07 0.99462336 3,747.52
30-B-2 1,337.78 1,226,370.60 0.99462336 1,337.78
30-B-3 802.89 736,021.28 0.99462335 802.89
30-B-4 535.98 491,343.94 0.99462336 535.98
30-B-5 401.44 368,010.64 0.99462335 401.44
30-B-6 401.53 368,086.82 0.99462336 401.53
15-B-1 1,940.74 497,440.55 0.98114507 1,940.74
15-B-2 1,343.59 344,381.92 0.98114507 1,343.59
15-B-3 750.27 192,304.44 0.98114510 750.27
15-B-4 298.58 76,529.32 0.98114513 298.58
15-B-5 298.58 76,529.32 0.98114513 298.58
15-B-6 448.76 115,023.79 0.98114577 448.76
Totals 1,869,727.19 306,470,389.71 0.94375072 1,869,727.19
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 6,774,000.00 830.33798494 2.05495867 7.67447003 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 5,850,000.00 830.33798462 2.05495897 7.67447009 0.00000000
1-A-8 3,510,000.00 830.33798575 2.05495726 7.67447009 0.00000000
1-A-9 13,029,133.00 992.87071519 0.48510672 1.81168617 0.00000000
1-A-10 3,272,090.00 992.87071566 0.48510585 1.81168611 0.00000000
1-A-11 1,465,777.00 992.87071635 0.48510790 1.81168759 0.00000000
1-A-12 4,233,000.00 148.14591779 8.78744389 32.81768958 (0.67900307)
1-A-13 65,604,000.00 984.28886394 1.08295180 4.04440400 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 70,177,000.00 930.83985608 1.37764880 5.14498326 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 76,143,000.00 948.03691567 3.68434275 5.25785693 0.00000000
30-PO 1,829,524.24 984.91078752 1.11753097 3.88461647 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 580,652.65 983.54947661 3.82567788 0.04277945 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 3,454,000.00 995.70833526 1.08497973 0.00000000 0.00000000
30-B-2 1,233,000.00 995.70833739 1.08497972 0.00000000 0.00000000
30-B-3 740,000.00 995.70833784 1.08498649 0.00000000 0.00000000
30-B-4 494,000.00 995.70834008 1.08497976 0.00000000 0.00000000
30-B-5 370,000.00 995.70832432 1.08497297 0.00000000 0.00000000
30-B-6 370,076.59 995.70834783 1.08499162 0.00000000 0.00000000
15-B-1 507,000.00 984.97295858 3.82788955 0.00000000 0.00000000
15-B-2 351,000.00 984.97296296 3.82789174 0.00000000 0.00000000
15-B-3 196,000.00 984.97295918 3.82790816 0.00000000 0.00000000
15-B-4 78,000.00 984.97294872 3.82794872 0.00000000 0.00000000
15-B-5 78,000.00 984.97294872 3.82794872 0.00000000 0.00000000
15-B-6 117,234.15 984.97366168 3.82789486 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 9.72942870 820.60855624 0.82060856 9.72942870
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 9.72942906 820.60855556 0.82060856 9.72942906
1-A-8 0.00000000 9.72943020 820.60855556 0.82060856 9.72943020
1-A-9 0.00000000 2.29679289 990.57392153 0.99057392 2.29679289
1-A-10 0.00000000 2.29679196 990.57392064 0.99057392 2.29679196
1-A-11 0.00000000 2.29679549 990.57392086 0.99057392 2.29679549
1-A-12 0.00000000 40.92613277 107.21978502 0.10721979 40.92613277
1-A-13 0.00000000 5.12735580 979.16150814 0.97916151 5.12735580
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 6.52263206 924.31722402 0.92431722 6.52263206
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 8.94219968 939.09471599 0.93909472 8.94219968
30-PO 0.00000000 5.00214744 979.90864007 0.97990864 5.00214744
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 3.86844011 979.68103650 0.97968104 3.86844011
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 0.00000000 1.08497973 994.62335553 0.99462336 1.08497973
30-B-2 0.00000000 1.08497972 994.62335766 0.99462336 1.08497972
30-B-3 0.00000000 1.08498649 994.62335135 0.99462335 1.08498649
30-B-4 0.00000000 1.08497976 994.62336032 0.99462336 1.08497976
30-B-5 0.00000000 1.08497297 994.62335135 0.99462335 1.08497297
30-B-6 0.00000000 1.08499162 994.62335621 0.99462336 1.08499162
15-B-1 0.00000000 3.82788955 981.14506903 0.98114507 3.82788955
15-B-2 0.00000000 3.82789174 981.14507123 0.98114507 3.82789174
15-B-3 0.00000000 3.82790816 981.14510204 0.98114510 3.82790816
15-B-4 0.00000000 3.82794872 981.14512821 0.98114513 3.82794872
15-B-5 0.00000000 3.82794872 981.14512821 0.98114513 3.82794872
15-B-6 0.00000000 3.82789486 981.14576683 0.98114577 3.82789486
<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% 5,624,709.51 25,779.92 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 4.38125% 4,857,477.21 17,734.85 0.00 0.00
1-A-8 3,510,000.00 7.36458% 2,914,486.33 17,886.65 0.00 0.00
1-A-9 13,029,133.00 3.69000% 12,936,244.60 39,778.95 0.00 0.00
1-A-10 3,272,090.00 11.58733% 3,248,762.34 31,370.40 0.00 0.00
1-A-11 1,465,777.00 8.00000% 1,455,327.06 9,702.18 0.00 0.00
1-A-12 4,233,000.00 5.50000% 627,101.67 2,874.22 0.00 0.00
1-A-13 65,604,000.00 4.75000% 64,573,286.63 255,602.59 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% 9,716,755.23 42,510.80 0.00 0.00
1-A-20 0.00 5.50000% 4,032,934.03 18,484.28 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% 65,323,548.58 285,790.53 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% 72,186,374.87 300,776.56 0.00 0.00
30-PO 1,829,524.24 0.00000% 1,801,918.16 0.00 0.00 0.00
30-IO 0.00 5.50000% 3,853,006.51 17,659.61 0.00 0.00
15-PO 580,652.65 0.00000% 571,100.61 0.00 0.00 0.00
15-IO 0.00 5.00000% 1,416,383.92 5,901.60 0.00 0.00
30-B-1 3,454,000.00 5.50000% 3,439,176.59 15,762.89 0.00 0.00
30-B-2 1,233,000.00 5.50000% 1,227,708.38 5,627.00 0.00 0.00
30-B-3 740,000.00 5.50000% 736,824.17 3,377.11 0.00 0.00
30-B-4 494,000.00 5.50000% 491,879.92 2,254.45 0.00 0.00
30-B-5 370,000.00 5.50000% 368,412.08 1,688.56 0.00 0.00
30-B-6 370,076.59 5.50000% 368,488.35 1,688.90 0.00 0.00
15-B-1 507,000.00 5.00000% 499,381.29 2,080.76 0.00 0.00
15-B-2 351,000.00 5.00000% 345,725.51 1,440.52 0.00 0.00
15-B-3 196,000.00 5.00000% 193,054.70 804.39 0.00 0.00
15-B-4 78,000.00 5.00000% 76,827.89 320.12 0.00 0.00
15-B-5 78,000.00 5.00000% 76,827.89 320.12 0.00 0.00
15-B-6 117,234.15 5.00000% 115,472.55 481.14 0.00 0.00
Totals 324,736,587.63 1,395,288.09 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 25,779.92 0.00 5,558,802.36
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 17,734.85 0.00 4,800,560.05
1-A-8 0.00 0.00 17,886.65 0.00 2,880,336.03
1-A-9 0.00 0.00 39,778.95 0.00 12,906,319.37
1-A-10 0.00 0.00 31,370.40 0.00 3,241,247.02
1-A-11 0.00 0.00 9,702.18 0.00 1,451,960.47
1-A-12 0.00 0.00 2,874.22 0.00 453,861.35
1-A-13 0.00 0.00 255,602.59 0.00 64,236,911.58
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 42,510.80 0.00 9,668,701.65
1-A-20 0.00 0.00 18,484.28 0.00 4,012,127.72
1-A-21 0.00 0.00 43,750.00 0.00 10,000,000.00
1-A-22 0.00 0.00 285,790.53 0.00 64,865,809.83
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 0.10 0.00 0.00
2-A-1 0.00 0.00 300,776.56 0.00 71,505,488.96
30-PO 0.00 0.00 0.00 0.00 1,792,766.61
30-IO 0.00 0.00 17,659.61 0.00 3,753,432.71
15-PO 0.00 0.00 0.00 0.00 568,854.39
15-IO 0.00 0.00 5,901.60 0.00 1,392,065.76
30-B-1 0.00 0.00 15,762.89 0.00 3,435,429.07
30-B-2 0.00 0.00 5,627.00 0.00 1,226,370.60
30-B-3 0.00 0.00 3,377.11 0.00 736,021.28
30-B-4 0.00 0.00 2,254.45 0.00 491,343.94
30-B-5 0.00 0.00 1,688.56 0.00 368,010.64
30-B-6 0.00 0.00 1,688.90 0.00 368,086.82
15-B-1 0.00 0.00 2,080.76 0.00 497,440.55
15-B-2 0.00 0.00 1,440.52 0.00 344,381.92
15-B-3 0.00 0.00 804.39 0.00 192,304.44
15-B-4 0.00 0.00 320.12 0.00 76,529.32
15-B-5 0.00 0.00 320.12 0.00 76,529.32
15-B-6 0.00 0.00 481.14 0.00 115,023.79
Totals 0.00 0.00 1,395,288.19 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% 830.33798494 3.80571597 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 4.38125% 830.33798462 3.03159829 0.00000000 0.00000000
1-A-8 3,510,000.00 7.36458% 830.33798575 5.09591168 0.00000000 0.00000000
1-A-9 13,029,133.00 3.69000% 992.87071519 3.05307728 0.00000000 0.00000000
1-A-10 3,272,090.00 11.58733% 992.87071566 9.58726685 0.00000000 0.00000000
1-A-11 1,465,777.00 8.00000% 992.87071635 6.61913784 0.00000000 0.00000000
1-A-12 4,233,000.00 5.50000% 148.14591779 0.67900307 0.00000000 0.00000000
1-A-13 65,604,000.00 4.75000% 984.28886394 3.89614338 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% 985.07250912 4.30969181 0.00000000 0.00000000
1-A-20 0.00 5.50000% 948.13479815 4.34561760 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% 930.83985608 4.07242444 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% 948.03691567 3.95015379 0.00000000 0.00000000
30-PO 1,829,524.24 0.00000% 984.91078752 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 905.30250571 4.14930241 0.00000000 0.00000000
15-PO 580,652.65 0.00000% 983.54947661 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.00000% 906.96894766 3.77903750 0.00000000 0.00000000
30-B-1 3,454,000.00 5.50000% 995.70833526 4.56366242 0.00000000 0.00000000
30-B-2 1,233,000.00 5.50000% 995.70833739 4.56366586 0.00000000 0.00000000
30-B-3 740,000.00 5.50000% 995.70833784 4.56366216 0.00000000 0.00000000
30-B-4 494,000.00 5.50000% 995.70834008 4.56366397 0.00000000 0.00000000
30-B-5 370,000.00 5.50000% 995.70832432 4.56367568 0.00000000 0.00000000
30-B-6 370,076.59 5.50000% 995.70834783 4.56364992 0.00000000 0.00000000
15-B-1 507,000.00 5.00000% 984.97295858 4.10406312 0.00000000 0.00000000
15-B-2 351,000.00 5.00000% 984.97296296 4.10404558 0.00000000 0.00000000
15-B-3 196,000.00 5.00000% 984.97295918 4.10403061 0.00000000 0.00000000
15-B-4 78,000.00 5.00000% 984.97294872 4.10410256 0.00000000 0.00000000
15-B-5 78,000.00 5.00000% 984.97294872 4.10410256 0.00000000 0.00000000
15-B-6 117,234.15 5.00000% 984.97366168 4.10409424 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 3.80571597 0.00000000 820.60855624
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 3.03159829 0.00000000 820.60855556
1-A-8 0.00000000 0.00000000 5.09591168 0.00000000 820.60855556
1-A-9 0.00000000 0.00000000 3.05307728 0.00000000 990.57392153
1-A-10 0.00000000 0.00000000 9.58726685 0.00000000 990.57392064
1-A-11 0.00000000 0.00000000 6.61913784 0.00000000 990.57392086
1-A-12 0.00000000 0.00000000 0.67900307 0.00000000 107.21978502
1-A-13 0.00000000 0.00000000 3.89614338 0.00000000 979.16150814
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 4.30969181 0.00000000 980.20089720
1-A-20 0.00000000 0.00000000 4.34561760 0.00000000 943.24327590
1-A-21 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
1-A-22 0.00000000 0.00000000 4.07242444 0.00000000 924.31722402
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 2.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 3.95015379 0.00000000 939.09471599
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 979.90864007
30-IO 0.00000000 0.00000000 4.14930241 0.00000000 881.90664318
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 979.68103650
15-IO 0.00000000 0.00000000 3.77903750 0.00000000 891.39702844
30-B-1 0.00000000 0.00000000 4.56366242 0.00000000 994.62335553
30-B-2 0.00000000 0.00000000 4.56366586 0.00000000 994.62335766
30-B-3 0.00000000 0.00000000 4.56366216 0.00000000 994.62335135
30-B-4 0.00000000 0.00000000 4.56366397 0.00000000 994.62336032
30-B-5 0.00000000 0.00000000 4.56367568 0.00000000 994.62335135
30-B-6 0.00000000 0.00000000 4.56364992 0.00000000 994.62335621
15-B-1 0.00000000 0.00000000 4.10406312 0.00000000 981.14506903
15-B-2 0.00000000 0.00000000 4.10404558 0.00000000 981.14507123
15-B-3 0.00000000 0.00000000 4.10403061 0.00000000 981.14510204
15-B-4 0.00000000 0.00000000 4.10410256 0.00000000 981.14512821
15-B-5 0.00000000 0.00000000 4.10410256 0.00000000 981.14512821
15-B-6 0.00000000 0.00000000 4.10409424 0.00000000 981.14576683
<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 1,801,918.16 1,792,766.61 97.99086401%
X-PO-2 0.00000% 0.00 0.00 571,100.61 568,854.39 97.96810365%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,331,180.02
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 3,331,180.02
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 66,164.64
Payment of Interest and Principal 3,265,015.38
Total Withdrawals (Pool Distribution Amount) 3,331,180.02
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 64,237.52
Trustee Fee 1,927.12
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 66,164.64
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
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 1 0 0 0 1
950,764.75 0.00 0.00 0.00 950,764.75
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
950,764.75 0.00 0.00 0.00 950,764.75
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 0.165017% 0.000000% 0.000000% 0.000000% 0.165017%
0.309782% 0.000000% 0.000000% 0.000000% 0.309782%
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 0.165017% 0.000000% 0.000000% 0.000000% 0.165017%
0.309782% 0.000000% 0.000000% 0.000000% 0.309782%
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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
950,764.75 0.00 0.00 0.00 950,764.75
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
950,764.75 0.00 0.00 0.00 950,764.75
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.763359% 0.000000% 0.000000% 0.000000% 0.763359%
1.291493% 0.000000% 0.000000% 0.000000% 1.291493%
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 0.763359% 0.000000% 0.000000% 0.000000% 0.763359%
1.291493% 0.000000% 0.000000% 0.000000% 1.291493%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 7,560.09
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.687691%
Weighted Average Pass-Through Rate 5.430191%
Weighted Average Maturity(Stepdown Calculation) 262
Beginning Scheduled Collateral Loan Count 609
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 606
Beginning Scheduled Collateral Balance 308,340,116.80
Ending Scheduled Collateral Balance 306,470,389.63
Ending Actual Collateral Balance at 31-May-2005 306,914,054.07
Monthly P&I Constant 2,004,652.22
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 3,194,066.09
Class AP Deferred Amount 0.00
Scheduled Principal 543,199.50
Unscheduled Principal 1,326,527.67
Miscellaneous Reporting
Senior % 97.405022%
Subordinate % 2.594978%
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 5.805652 5.314565 5.687691
Weighted Average Net Rate 5.555653 5.064565 5.437691
Weighted Average Maturity 352 173 262
Beginning Loan Count 477 132 609
Loans Paid In Full 2 1 3
Ending Loan Count 475 131 606
Beginning Scheduled Balance 234,275,351.56 74,064,765.24 308,340,116.80
Ending Scheduled Balance 233,093,837.03 73,376,552.60 306,470,389.63
Record Date 05/31/2005 05/31/2005 05/31/2005
Principal And Interest Constant 1,388,795.10 615,857.12 2,004,652.22
Scheduled Principal 255,360.70 287,838.80 543,199.50
Unscheduled Principal 926,153.83 400,373.84 1,326,527.67
Scheduled Interest 1,133,434.40 328,018.32 1,461,452.72
Servicing Fees 48,807.36 15,430.16 64,237.52
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,464.22 462.90 1,927.12
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,083,162.82 312,125.26 1,395,288.08
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 5.548152 5.057065 5.430191
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 4.647080%
Subordinate % 2.853010%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.146990%
Group 2 - 15 Year Fixed
CPR 6.321281%
Subordinate % 1.778779%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 98.221221%