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
AAMES MORTGAGE INVESTMENT TRUST
Mortgage-Backed Notes, Series 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118926-25 N/A
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
of Incorporation)
C/O Wells Fargo Bank, N.A.
9062 Old Annapolis Rd.
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 AAMES MORTGAGE
INVESTMENT TRUST, Mortgage-Backed Notes, Series 2005-2 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage-Backed Notes, Series 2005-2
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.
AAMES MORTGAGE INVESTMENT TRUST
Mortgage-Backed Notes, Series 2005-2 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trust Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 6/30/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage-Backed Notes, Series 2005-2 Trust, relating
to the June 27, 2005 distribution.
EX-99.1
Aames Mortgage Investment Trust
Mortgage-Backed Notes
Record Date: 5/31/2005
Distribution Date: 6/27/2005
Aames Mortgage Investment Trust
Mortgage-Backed Notes
Series Aames Mortgage Investment Trust 2005-2
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>
1A1 126673K43 SEN 3.18000% 143,042,000.00 341,155.17
1A2 126673K50 SEN 3.32000% 289,696,000.00 721,343.04
1A3 126673K68 SEN 3.46000% 17,300,000.00 44,893.50
2A1 126673K76 SEN 3.33000% 449,414,000.00 1,122,411.47
M1 126673K84 MEZ 3.55000% 40,542,000.00 107,943.08
M2 126673K92 MEZ 3.57000% 41,121,000.00 110,101.48
M3 126673L26 MEZ 3.60000% 24,325,000.00 65,677.50
M4 126673L34 MEZ 3.73000% 22,008,000.00 61,567.38
M5 126673L42 MEZ 3.76000% 19,113,000.00 53,898.66
M6 126673L59 MEZ 3.82000% 16,796,000.00 48,120.54
M7 126673L67 MEZ 4.30000% 18,533,000.00 59,768.92
M8 126673L75 MEZ 4.45000% 14,479,000.00 48,323.66
M9 126673L83 MEZ 4.95000% 13,321,000.00 49,454.21
B1 126673L91 SUB 6.10000% 12,700,000.00 58,102.50
B2 126673M25 SUB 6.10000% 5,833,000.00 26,685.97
B3 126673M33 SUB 6.10000% 6,950,000.00 31,796.25
B4 126673M90 SUB 6.10000% 9,264,000.00 42,382.80
OC 126673OT0 RES 0.00000% 0.00 3,165,247.19
Totals 1,144,437,000.00 6,158,873.32
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 3,039,838.51 0.00 140,002,161.49 3,380,993.68 0.00
1A2 0.00 0.00 289,696,000.00 721,343.04 0.00
1A3 0.00 0.00 17,300,000.00 44,893.50 0.00
2A1 4,177,334.94 0.00 445,236,665.06 5,299,746.41 0.00
M1 0.00 0.00 40,542,000.00 107,943.08 0.00
M2 0.00 0.00 41,121,000.00 110,101.48 0.00
M3 0.00 0.00 24,325,000.00 65,677.50 0.00
M4 0.00 0.00 22,008,000.00 61,567.38 0.00
M5 0.00 0.00 19,113,000.00 53,898.66 0.00
M6 0.00 0.00 16,796,000.00 48,120.54 0.00
M7 0.00 0.00 18,533,000.00 59,768.92 0.00
M8 0.00 0.00 14,479,000.00 48,323.66 0.00
M9 0.00 0.00 13,321,000.00 49,454.21 0.00
B1 0.00 0.00 12,700,000.00 58,102.50 0.00
B2 0.00 0.00 5,833,000.00 26,685.97 0.00
B3 0.00 0.00 6,950,000.00 31,796.25 0.00
B4 0.00 0.00 9,264,000.00 42,382.80 0.00
OC 0.00 0.00 13,900,088.16 3,165,247.19 0.00
Totals 7,217,173.45 0.00 1,151,119,914.71 13,376,046.77 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>
1A1 143,042,000.00 143,042,000.00 0.00 3,039,838.51 0.00 0.00
1A2 289,696,000.00 289,696,000.00 0.00 0.00 0.00 0.00
1A3 17,300,000.00 17,300,000.00 0.00 0.00 0.00 0.00
2A1 449,414,000.00 449,414,000.00 0.00 4,177,334.94 0.00 0.00
M1 40,542,000.00 40,542,000.00 0.00 0.00 0.00 0.00
M2 41,121,000.00 41,121,000.00 0.00 0.00 0.00 0.00
M3 24,325,000.00 24,325,000.00 0.00 0.00 0.00 0.00
M4 22,008,000.00 22,008,000.00 0.00 0.00 0.00 0.00
M5 19,113,000.00 19,113,000.00 0.00 0.00 0.00 0.00
M6 16,796,000.00 16,796,000.00 0.00 0.00 0.00 0.00
M7 18,533,000.00 18,533,000.00 0.00 0.00 0.00 0.00
M8 14,479,000.00 14,479,000.00 0.00 0.00 0.00 0.00
M9 13,321,000.00 13,321,000.00 0.00 0.00 0.00 0.00
B1 12,700,000.00 12,700,000.00 0.00 0.00 0.00 0.00
B2 5,833,000.00 5,833,000.00 0.00 0.00 0.00 0.00
B3 6,950,000.00 6,950,000.00 0.00 0.00 0.00 0.00
B4 9,264,000.00 9,264,000.00 0.00 0.00 0.00 0.00
OC 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,144,437,000.00 1,144,437,000.00 0.00 7,217,173.45 0.00 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>
1A1 3,039,838.51 140,002,161.49 0.97874863 3,039,838.51
1A2 0.00 289,696,000.00 1.00000000 0.00
1A3 0.00 17,300,000.00 1.00000000 0.00
2A1 4,177,334.94 445,236,665.06 0.99070493 4,177,334.94
M1 0.00 40,542,000.00 1.00000000 0.00
M2 0.00 41,121,000.00 1.00000000 0.00
M3 0.00 24,325,000.00 1.00000000 0.00
M4 0.00 22,008,000.00 1.00000000 0.00
M5 0.00 19,113,000.00 1.00000000 0.00
M6 0.00 16,796,000.00 1.00000000 0.00
M7 0.00 18,533,000.00 1.00000000 0.00
M8 0.00 14,479,000.00 1.00000000 0.00
M9 0.00 13,321,000.00 1.00000000 0.00
B1 0.00 12,700,000.00 1.00000000 0.00
B2 0.00 5,833,000.00 1.00000000 0.00
B3 0.00 6,950,000.00 1.00000000 0.00
B4 0.00 9,264,000.00 1.00000000 0.00
OC 0.00 13,900,088.16 0.00000000 0.00
Totals 7,217,173.45 1,151,119,914.71 1.00583948 7,217,173.45
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>
1A1 143,042,000.00 1000.00000000 0.00000000 21.25137030 0.00000000
1A2 289,696,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A3 17,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A1 449,414,000.00 1000.00000000 0.00000000 9.29507078 0.00000000
M1 40,542,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 41,121,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M3 24,325,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M4 22,008,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M5 19,113,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M6 16,796,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M7 18,533,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M8 14,479,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M9 13,321,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B1 12,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B2 5,833,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B3 6,950,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B4 9,264,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
OC 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes per $1,000 denominations
</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>
1A1 0.00000000 21.25137030 978.74862970 0.97874863 21.25137030
1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A1 0.00000000 9.29507078 990.70492922 0.99070493 9.29507078
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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>
1A1 143,042,000.00 3.18000% 143,042,000.00 341,155.17 0.00 0.00
1A2 289,696,000.00 3.32000% 289,696,000.00 721,343.04 0.00 0.00
1A3 17,300,000.00 3.46000% 17,300,000.00 44,893.50 0.00 0.00
2A1 449,414,000.00 3.33000% 449,414,000.00 1,122,411.47 0.00 0.00
M1 40,542,000.00 3.55000% 40,542,000.00 107,943.08 0.00 0.00
M2 41,121,000.00 3.57000% 41,121,000.00 110,101.48 0.00 0.00
M3 24,325,000.00 3.60000% 24,325,000.00 65,677.50 0.00 0.00
M4 22,008,000.00 3.73000% 22,008,000.00 61,567.38 0.00 0.00
M5 19,113,000.00 3.76000% 19,113,000.00 53,898.66 0.00 0.00
M6 16,796,000.00 3.82000% 16,796,000.00 48,120.54 0.00 0.00
M7 18,533,000.00 4.30000% 18,533,000.00 59,768.93 0.00 0.00
M8 14,479,000.00 4.45000% 14,479,000.00 48,323.66 0.00 0.00
M9 13,321,000.00 4.95000% 13,321,000.00 49,454.21 0.00 0.00
B1 12,700,000.00 6.10000% 12,700,000.00 58,102.50 0.00 0.00
B2 5,833,000.00 6.10000% 5,833,000.00 26,685.97 0.00 0.00
B3 6,950,000.00 6.10000% 6,950,000.00 31,796.25 0.00 0.00
B4 9,264,000.00 6.10000% 9,264,000.00 42,382.80 0.00 0.00
OC 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,144,437,000.00 2,993,626.14 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>
1A1 0.00 0.00 341,155.17 0.00 140,002,161.49
1A2 0.00 0.00 721,343.04 0.00 289,696,000.00
1A3 0.00 0.00 44,893.50 0.00 17,300,000.00
2A1 0.00 0.00 1,122,411.47 0.00 445,236,665.06
M1 0.00 0.00 107,943.08 0.00 40,542,000.00
M2 0.00 0.00 110,101.48 0.00 41,121,000.00
M3 0.00 0.00 65,677.50 0.00 24,325,000.00
M4 0.00 0.00 61,567.38 0.00 22,008,000.00
M5 0.00 0.00 53,898.66 0.00 19,113,000.00
M6 0.00 0.00 48,120.54 0.00 16,796,000.00
M7 0.00 0.00 59,768.92 0.00 18,533,000.00
M8 0.00 0.00 48,323.66 0.00 14,479,000.00
M9 0.00 0.00 49,454.21 0.00 13,321,000.00
B1 0.00 0.00 58,102.50 0.00 12,700,000.00
B2 0.00 0.00 26,685.97 0.00 5,833,000.00
B3 0.00 0.00 31,796.25 0.00 6,950,000.00
B4 0.00 0.00 42,382.80 0.00 9,264,000.00
OC 0.00 0.00 3,165,247.19 0.00 13,900,088.16
Totals 0.00 0.00 6,158,873.32 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>
1A1 143,042,000.00 3.18000% 1000.00000000 2.38500000 0.00000000 0.00000000
1A2 289,696,000.00 3.32000% 1000.00000000 2.49000000 0.00000000 0.00000000
1A3 17,300,000.00 3.46000% 1000.00000000 2.59500000 0.00000000 0.00000000
2A1 449,414,000.00 3.33000% 1000.00000000 2.49750001 0.00000000 0.00000000
M1 40,542,000.00 3.55000% 1000.00000000 2.66250012 0.00000000 0.00000000
M2 41,121,000.00 3.57000% 1000.00000000 2.67750006 0.00000000 0.00000000
M3 24,325,000.00 3.60000% 1000.00000000 2.70000000 0.00000000 0.00000000
M4 22,008,000.00 3.73000% 1000.00000000 2.79750000 0.00000000 0.00000000
M5 19,113,000.00 3.76000% 1000.00000000 2.82000000 0.00000000 0.00000000
M6 16,796,000.00 3.82000% 1000.00000000 2.86500000 0.00000000 0.00000000
M7 18,533,000.00 4.30000% 1000.00000000 3.22500027 0.00000000 0.00000000
M8 14,479,000.00 4.45000% 1000.00000000 3.33749983 0.00000000 0.00000000
M9 13,321,000.00 4.95000% 1000.00000000 3.71249981 0.00000000 0.00000000
B1 12,700,000.00 6.10000% 1000.00000000 4.57500000 0.00000000 0.00000000
B2 5,833,000.00 6.10000% 1000.00000000 4.57499914 0.00000000 0.00000000
B3 6,950,000.00 6.10000% 1000.00000000 4.57500000 0.00000000 0.00000000
B4 9,264,000.00 6.10000% 1000.00000000 4.57500000 0.00000000 0.00000000
OC 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes per $1,000 denominations
</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>
1A1 0.00000000 0.00000000 2.38500000 0.00000000 978.74862970
1A2 0.00000000 0.00000000 2.49000000 0.00000000 1000.00000000
1A3 0.00000000 0.00000000 2.59500000 0.00000000 1000.00000000
2A1 0.00000000 0.00000000 2.49750001 0.00000000 990.70492922
M1 0.00000000 0.00000000 2.66250012 0.00000000 1000.00000000
M2 0.00000000 0.00000000 2.67750006 0.00000000 1000.00000000
M3 0.00000000 0.00000000 2.70000000 0.00000000 1000.00000000
M4 0.00000000 0.00000000 2.79750000 0.00000000 1000.00000000
M5 0.00000000 0.00000000 2.82000000 0.00000000 1000.00000000
M6 0.00000000 0.00000000 2.86500000 0.00000000 1000.00000000
M7 0.00000000 0.00000000 3.22499973 0.00000000 1000.00000000
M8 0.00000000 0.00000000 3.33749983 0.00000000 1000.00000000
M9 0.00000000 0.00000000 3.71249981 0.00000000 1000.00000000
B1 0.00000000 0.00000000 4.57500000 0.00000000 1000.00000000
B2 0.00000000 0.00000000 4.57499914 0.00000000 1000.00000000
B3 0.00000000 0.00000000 4.57500000 0.00000000 1000.00000000
B4 0.00000000 0.00000000 4.57500000 0.00000000 1000.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 13,719,563.85
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 111,080.57
Total Deposits 13,830,644.42
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 454,597.65
Payment of Interest and Principal 13,376,046.77
Total Withdrawals (Pool Distribution Amount) 13,830,644.42
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 442,531.60
Master Servicing Fee 12,066.05
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 454,597.65
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 9 0 0 0 9
2,260,012.24 0.00 0.00 0.00 2,260,012.24
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 9 0 0 0 9
2,260,012.24 0.00 0.00 0.00 2,260,012.24
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 0.138611% 0.000000% 0.000000% 0.000000% 0.138611%
0.196243% 0.000000% 0.000000% 0.000000% 0.196243%
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 0.138611% 0.000000% 0.000000% 0.000000% 0.138611%
0.196243% 0.000000% 0.000000% 0.000000% 0.196243%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 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
1,724,097.00 0.00 0.00 0.00 1,724,097.00
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 5 0 0 0 5
1,724,097.00 0.00 0.00 0.00 1,724,097.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.247770% 0.000000% 0.000000% 0.000000% 0.247770%
0.298912% 0.000000% 0.000000% 0.000000% 0.298912%
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 0.247770% 0.000000% 0.000000% 0.000000% 0.247770%
0.298912% 0.000000% 0.000000% 0.000000% 0.298912%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 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
535,915.24 0.00 0.00 0.00 535,915.24
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
535,915.24 0.00 0.00 0.00 535,915.24
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.089385% 0.000000% 0.000000% 0.000000% 0.089385%
0.093227% 0.000000% 0.000000% 0.000000% 0.093227%
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 0.089385% 0.000000% 0.000000% 0.000000% 0.089385%
0.093227% 0.000000% 0.000000% 0.000000% 0.093227%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.732526%
Weighted Average Net Coupon 6.500518%
Weighted Average Pass-Through Rate 6.261579%
Weighted Average Maturity(Stepdown Calculation) 359
Beginning Scheduled Collateral Loan Count 6,526
Number Of Loans Paid In Full 33
Ending Scheduled Collateral Loan Count 6,493
Beginning Scheduled Collateral Balance 2,288,874,000.00
Ending Scheduled Collateral Balance 1,151,119,914.71
Ending Actual Collateral Balance at 31-May-2005 1,151,639,627.13
Monthly P&I Constant 7,183,854.07
Special Servicing Fee 0.00
Prepayment Penalties 111,080.57
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 685,055.24
Unscheduled Principal 6,535,709.97
Miscellaneous Reporting
LIBOR Index 3.100000%
Group 1 Cap Payment 0.00
Group 2 Cap Payment 0.00
Subordinate Cap Payment 0.00
Prepayment Penalties 111,080.57
Target Overcollateralization 13,900,088.16
Overcollateralization Increase 0.00
Overcollateralization Reduction 3,591.76
Group Level Collateral Statement
Group 1 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.489466 6.975923 6.732526
Weighted Average Net Rate 6.030272 6.518224 6.500518
Weighted Average Maturity 359 359 359
Beginning Loan Count 2,026 4,500 6,526
Loans Paid In Full 8 25 33
Ending Loan Count 2,018 4,475 6,493
Beginning Scheduled Balance 579,571,811.84 578,768,868.08 1,158,340,679.92
Ending Scheduled Balance 576,530,460.50 574,589,454.21 1,151,119,914.71
Record Date 05/31/2005 05/31/2005 05/31/2005
Principal And Interest Constant 3,459,863.10 3,723,990.97 7,183,854.07
Scheduled Principal 325,603.62 359,451.62 685,055.24
Unscheduled Principal 2,715,747.72 3,819,962.25 6,535,709.97
Scheduled Interest 3,134,259.48 3,364,539.35 6,498,798.83
Servicing Fees 221,779.81 220,751.79 442,531.60
Master Servicing Fees 6,037.21 6,028.84 12,066.05
Trustee Fee 0.00 0.00 0.00
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 2,906,442.46 3,137,758.72 6,044,201.18
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 6.017772 6.505724 6.261579