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): July 25, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-15
Pooling and Servicing Agreement) (Commission 54-2168066
(State or other File Number) 54-2168067
jurisdiction 54-2168068
of Incorporation) IRS EIN
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 July 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, 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 Pass-Through Certificates,
Series 2005-2 Trust, relating to the
July 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 Pass-Through Certificates, Series 2005-2 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 7/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-2 Trust,
relating to the July 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 6/30/2005
Distribution Date: 7/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2005-2
Contact: CTSLink Customer Service
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
@ www.ctslink.com/cmbs
Telephone: (301) 815-6600
Fax: (301) 815-6600
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 05949AT34 SEN 4.18750% 39,262,926.16 137,011.25
1-A-2 05949AT42 SEN 5.05000% 16,025,000.00 67,438.54
1-A-3 05949AT59 SEN 5.50000% 24,557,000.00 112,552.92
1-A-4 05949AT67 SEN 5.50000% 0.00 4,941.04
1-A-5 05949AT75 SEN 5.50000% 0.00 42,943.83
1-A-6 05949AT83 SEN 5.50000% 67,464,814.20 309,213.73
1-A-7 05949AT91 SEN 5.50000% 37,907,936.84 173,744.71
1-A-8 05949AU24 SEN 5.50000% 1,237,428.61 5,671.55
1-A-9 05949AU32 SEN 5.50000% 579,531.32 2,656.19
1-A-10 05949AU40 SEN 5.50000% 13,516,721.19 61,951.64
1-A-11 05949AU57 SEN 5.50000% 5,450,796.64 24,982.82
1-A-12 05949AU65 SEN 5.50000% 353,482.17 1,620.13
1-A-13 05949AY38 SEN 5.50000% 22,018,000.00 100,915.83
1-A-R 05949AU73 SEN 5.50000% 0.00 0.00
1-A-LR 05949AU99 SEN 5.50000% 0.00 0.00
2-A-1 05949AV49 SEN 5.00000% 68,649,937.53 286,041.41
2-A-2 05949AV56 SEN 5.00000% 5,844,000.00 24,350.00
30-PO 05949AV31 STP 0.00000% 1,182,115.52 0.00
30-IO 05949AV23 IO 5.50000% 0.00 14,398.66
15-PO 05949AV72 STP 0.00000% 439,085.31 0.00
15-IO 05949AV64 IO 5.00000% 0.00 6,231.62
B-1 05949AV80 SUB 5.37804% 4,042,717.77 18,118.23
B-2 05949AV98 SUB 5.37804% 1,617,682.94 7,249.96
B-3 05949AW22 SUB 5.37804% 808,344.94 3,622.76
B-4 05949AW30 SUB 5.37804% 646,477.34 2,897.32
B-5 05949AW48 SUB 5.37804% 647,470.40 2,901.77
B-6 05949AW55 SUB 5.37804% 323,658.21 1,450.54
1-AMR 05949AU81 SEN 5.50000% 0.00 0.00
Totals 312,575,127.09 1,412,906.45
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-1 233,017.91 0.00 39,029,908.25 370,029.16 0.00
1-A-2 0.00 0.00 16,025,000.00 67,438.54 0.00
1-A-3 0.00 0.00 24,557,000.00 112,552.92 0.00
1-A-4 0.00 0.00 0.00 4,941.04 0.00
1-A-5 0.00 0.00 0.00 42,943.83 0.00
1-A-6 1,188,203.23 0.00 66,276,610.97 1,497,416.96 0.00
1-A-7 241,967.14 0.00 37,665,969.70 415,711.85 0.00
1-A-8 (5,671.55) 0.00 1,243,100.16 0.00 0.00
1-A-9 579,531.32 0.00 0.00 582,187.51 0.00
1-A-10 24,346.13 0.00 13,492,375.06 86,297.77 0.00
1-A-11 (24,982.82) 0.00 5,475,779.46 0.00 0.00
1-A-12 636.69 0.00 352,845.48 2,256.82 0.00
1-A-13 0.00 0.00 22,018,000.00 100,915.83 0.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 1,201,700.76 0.00 67,448,236.77 1,487,742.17 0.00
2-A-2 0.00 0.00 5,844,000.00 24,350.00 0.00
30-PO 1,409.28 0.00 1,180,706.24 1,409.28 0.00
30-IO 0.00 0.00 0.00 14,398.66 0.00
15-PO 2,330.02 0.00 436,755.29 2,330.02 0.00
15-IO 0.00 0.00 0.00 6,231.62 0.00
B-1 7,197.66 0.00 4,035,520.11 25,315.89 0.00
B-2 2,880.12 0.00 1,614,802.81 10,130.08 0.00
B-3 1,439.18 0.00 806,905.76 5,061.94 0.00
B-4 1,150.99 0.00 645,326.35 4,048.31 0.00
B-5 1,152.76 0.00 646,317.64 4,054.53 0.00
B-6 576.24 0.00 323,081.97 2,026.78 0.00
1-AMR 0.00 0.00 0.00 0.00 0.00
Totals 3,456,885.06 0.00 309,118,242.02 4,869,791.51 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</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 40,000,000.00 39,262,926.16 25,632.54 207,385.37 0.00 0.00
1-A-2 16,025,000.00 16,025,000.00 0.00 0.00 0.00 0.00
1-A-3 24,557,000.00 24,557,000.00 0.00 0.00 0.00 0.00
1-A-4 0.00 0.00 0.00 0.00 0.00 0.00
1-A-5 0.00 0.00 0.00 0.00 0.00 0.00
1-A-6 72,700,000.00 67,464,814.20 130,705.24 1,057,497.99 0.00 0.00
1-A-7 38,143,000.00 37,907,936.84 26,616.97 215,350.17 0.00 0.00
1-A-8 1,215,000.00 1,237,428.61 0.00 0.00 (5,671.55) 0.00
1-A-9 4,251,000.00 579,531.32 64,042.04 518,145.47 (2,656.19) 0.00
1-A-10 13,613,000.00 13,516,721.19 2,678.13 21,668.00 0.00 0.00
1-A-11 5,352,000.00 5,450,796.64 0.00 0.00 (24,982.82) 0.00
1-A-12 356,000.00 353,482.17 70.04 566.65 0.00 0.00
1-A-13 22,018,000.00 22,018,000.00 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 25.00 0.00 0.00 0.00 0.00 0.00
2-A-1 71,821,000.00 68,649,937.53 294,920.10 906,780.66 0.00 0.00
2-A-2 5,844,000.00 5,844,000.00 0.00 0.00 0.00 0.00
30-PO 1,197,987.93 1,182,115.52 1,335.34 73.94 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 449,240.30 439,085.31 1,794.21 535.80 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 4,071,000.00 4,042,717.77 7,197.66 0.00 0.00 0.00
B-2 1,629,000.00 1,617,682.94 2,880.12 0.00 0.00 0.00
B-3 814,000.00 808,344.94 1,439.18 0.00 0.00 0.00
B-4 651,000.00 646,477.34 1,150.99 0.00 0.00 0.00
B-5 652,000.00 647,470.40 1,152.76 0.00 0.00 0.00
B-6 325,922.59 323,658.21 576.24 0.00 0.00 0.00
1-AMR 25.00 0.00 0.00 0.00 0.00 0.00
Totals 325,685,250.82 312,575,127.09 562,191.56 2,928,004.05 (33,310.56) 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-1 233,017.91 39,029,908.25 0.97574771 233,017.91
1-A-2 0.00 16,025,000.00 1.00000000 0.00
1-A-3 0.00 24,557,000.00 1.00000000 0.00
1-A-4 0.00 0.00 0.00000000 0.00
1-A-5 0.00 0.00 0.00000000 0.00
1-A-6 1,188,203.23 66,276,610.97 0.91164527 1,188,203.23
1-A-7 241,967.14 37,665,969.70 0.98749363 241,967.14
1-A-8 (5,671.55) 1,243,100.16 1.02312770 (5,671.55)
1-A-9 579,531.32 0.00 0.00000000 579,531.32
1-A-10 24,346.13 13,492,375.06 0.99113899 24,346.13
1-A-11 (24,982.82) 5,475,779.46 1.02312770 (24,982.82)
1-A-12 636.69 352,845.48 0.99113899 636.69
1-A-13 0.00 22,018,000.00 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 1,201,700.76 67,448,236.77 0.93911581 1,201,700.76
2-A-2 0.00 5,844,000.00 1.00000000 0.00
30-PO 1,409.28 1,180,706.24 0.98557440 1,409.28
30-IO 0.00 0.00 0.00000000 0.00
15-PO 2,330.02 436,755.29 0.97220862 2,330.02
15-IO 0.00 0.00 0.00000000 0.00
B-1 7,197.66 4,035,520.11 0.99128472 7,197.66
B-2 2,880.12 1,614,802.81 0.99128472 2,880.12
B-3 1,439.18 806,905.76 0.99128472 1,439.18
B-4 1,150.99 645,326.35 0.99128472 1,150.99
B-5 1,152.76 646,317.64 0.99128472 1,152.76
B-6 576.24 323,081.97 0.99128437 576.24
1-AMR 0.00 0.00 0.00000000 0.00
Totals 3,456,885.06 309,118,242.02 0.94913184 3,456,885.06
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 40,000,000.00 981.57315400 0.64081350 5.18463425 0.00000000
1-A-2 16,025,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 24,557,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-6 72,700,000.00 927.98919120 1.79787125 14.54605213 0.00000000
1-A-7 38,143,000.00 993.83731851 0.69782057 5.64586346 0.00000000
1-A-8 1,215,000.00 1018.45976132 0.00000000 0.00000000 (4.66794239)
1-A-9 4,251,000.00 136.32823336 15.06517055 121.88790167 (0.62483886)
1-A-10 13,613,000.00 992.92743627 0.19673327 1.59171380 0.00000000
1-A-11 5,352,000.00 1018.45976084 0.00000000 0.00000000 (4.66794096)
1-A-12 356,000.00 992.92744382 0.19674157 1.59171348 0.00000000
1-A-13 22,018,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 71,821,000.00 955.84769817 4.10632127 12.62556439 0.00000000
2-A-2 5,844,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
30-PO 1,197,987.93 986.75077636 1.11465230 0.06172015 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 449,240.30 977.39519362 3.99387588 1.19268018 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,071,000.00 993.05275608 1.76803242 0.00000000 0.00000000
B-2 1,629,000.00 993.05275629 1.76802947 0.00000000 0.00000000
B-3 814,000.00 993.05275184 1.76803440 0.00000000 0.00000000
B-4 651,000.00 993.05274962 1.76803379 0.00000000 0.00000000
B-5 652,000.00 993.05276074 1.76803681 0.00000000 0.00000000
B-6 325,922.59 993.05239934 1.76802719 0.00000000 0.00000000
1-AMR 25.00 0.00000000 0.00000000 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 5.82544775 975.74770625 0.97574771 5.82544775
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 0.00000000 0.00000000 0.00000000
1-A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-6 0.00000000 16.34392338 911.64526781 0.91164527 16.34392338
1-A-7 0.00000000 6.34368403 987.49363448 0.98749363 6.34368403
1-A-8 0.00000000 (4.66794239) 1,023.12770370 1.02312770 (4.66794239)
1-A-9 0.00000000 136.32823336 0.00000000 0.00000000 136.32823336
1-A-10 0.00000000 1.78844707 991.13898920 0.99113899 1.78844707
1-A-11 0.00000000 (4.66794096) 1,023.12770179 1.02312770 (4.66794096)
1-A-12 0.00000000 1.78845506 991.13898876 0.99113899 1.78845506
1-A-13 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 16.73188566 939.11581251 0.93911581 16.73188566
2-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
30-PO 0.00000000 1.17637245 985.57440391 0.98557440 1.17637245
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 5.18657832 972.20861530 0.97220862 5.18657832
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.76803242 991.28472366 0.99128472 1.76803242
B-2 0.00000000 1.76802947 991.28472069 0.99128472 1.76802947
B-3 0.00000000 1.76803440 991.28471744 0.99128472 1.76803440
B-4 0.00000000 1.76803379 991.28471582 0.99128472 1.76803379
B-5 0.00000000 1.76803681 991.28472393 0.99128472 1.76803681
B-6 0.00000000 1.76802719 991.28437216 0.99128437 1.76802719
1-AMR 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>
1-A-1 40,000,000.00 4.18750% 39,262,926.16 137,011.25 0.00 0.00
1-A-2 16,025,000.00 5.05000% 16,025,000.00 67,438.54 0.00 0.00
1-A-3 24,557,000.00 5.50000% 24,557,000.00 112,552.92 0.00 0.00
1-A-4 0.00 5.50000% 1,078,045.45 4,941.04 0.00 0.00
1-A-5 0.00 5.50000% 9,369,561.92 42,943.83 0.00 0.00
1-A-6 72,700,000.00 5.50000% 67,464,814.20 309,213.73 0.00 0.00
1-A-7 38,143,000.00 5.50000% 37,907,936.84 173,744.71 0.00 0.00
1-A-8 1,215,000.00 5.50000% 1,237,428.61 5,671.55 0.00 0.00
1-A-9 4,251,000.00 5.50000% 579,531.32 2,656.19 0.00 0.00
1-A-10 13,613,000.00 5.50000% 13,516,721.19 61,951.64 0.00 0.00
1-A-11 5,352,000.00 5.50000% 5,450,796.64 24,982.82 0.00 0.00
1-A-12 356,000.00 5.50000% 353,482.17 1,620.13 0.00 0.00
1-A-13 22,018,000.00 5.50000% 22,018,000.00 100,915.83 0.00 0.00
1-A-R 50.00 5.50000% 0.00 0.00 0.00 0.00
1-A-LR 25.00 5.50000% 0.00 0.00 0.00 0.00
2-A-1 71,821,000.00 5.00000% 68,649,937.53 286,041.41 0.00 0.00
2-A-2 5,844,000.00 5.00000% 5,844,000.00 24,350.00 0.00 0.00
30-PO 1,197,987.93 0.00000% 1,182,115.52 0.00 0.00 0.00
30-IO 0.00 5.50000% 3,141,526.63 14,398.66 0.00 0.00
15-PO 449,240.30 0.00000% 439,085.31 0.00 0.00 0.00
15-IO 0.00 5.00000% 1,495,588.10 6,231.62 0.00 0.00
B-1 4,071,000.00 5.37804% 4,042,717.77 18,118.23 0.00 0.00
B-2 1,629,000.00 5.37804% 1,617,682.94 7,249.96 0.00 0.00
B-3 814,000.00 5.37804% 808,344.94 3,622.76 0.00 0.00
B-4 651,000.00 5.37804% 646,477.34 2,897.32 0.00 0.00
B-5 652,000.00 5.37804% 647,470.40 2,901.77 0.00 0.00
B-6 325,922.59 5.37804% 323,658.21 1,450.54 0.00 0.00
1-AMR 25.00 5.50000% 0.00 0.00 0.00 0.00
Totals 325,685,250.82 1,412,906.45 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 0.00 137,011.25 0.00 39,029,908.25
1-A-2 0.00 0.00 67,438.54 0.00 16,025,000.00
1-A-3 0.00 0.00 112,552.92 0.00 24,557,000.00
1-A-4 0.00 0.00 4,941.04 0.00 1,078,045.45
1-A-5 0.00 0.00 42,943.83 0.00 9,313,955.37
1-A-6 0.00 0.00 309,213.73 0.00 66,276,610.97
1-A-7 0.00 0.00 173,744.71 0.00 37,665,969.70
1-A-8 0.00 0.00 5,671.55 0.00 1,243,100.16
1-A-9 0.00 0.00 2,656.19 0.00 0.00
1-A-10 0.00 0.00 61,951.64 0.00 13,492,375.06
1-A-11 0.00 0.00 24,982.82 0.00 5,475,779.46
1-A-12 0.00 0.00 1,620.13 0.00 352,845.48
1-A-13 0.00 0.00 100,915.83 0.00 22,018,000.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 286,041.41 0.00 67,448,236.77
2-A-2 0.00 0.00 24,350.00 0.00 5,844,000.00
30-PO 0.00 0.00 0.00 0.00 1,180,706.24
30-IO 0.00 0.00 14,398.66 0.00 3,070,434.98
15-PO 0.00 0.00 0.00 0.00 436,755.29
15-IO 0.00 0.00 6,231.62 0.00 1,455,207.73
B-1 0.00 0.00 18,118.23 0.00 4,035,520.11
B-2 0.00 0.00 7,249.96 0.00 1,614,802.81
B-3 0.00 0.00 3,622.76 0.00 806,905.76
B-4 0.00 0.00 2,897.32 0.00 645,326.35
B-5 0.00 0.00 2,901.77 0.00 646,317.64
B-6 0.00 0.00 1,450.54 0.00 323,081.97
1-AMR 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,412,906.45 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 40,000,000.00 4.18750% 981.57315400 3.42528125 0.00000000 0.00000000
1-A-2 16,025,000.00 5.05000% 1000.00000000 4.20833323 0.00000000 0.00000000
1-A-3 24,557,000.00 5.50000% 1000.00000000 4.58333347 0.00000000 0.00000000
1-A-4 0.00 5.50000% 1000.00041742 4.58333372 0.00000000 0.00000000
1-A-5 0.00 5.50000% 981.57320961 4.49887769 0.00000000 0.00000000
1-A-6 72,700,000.00 5.50000% 927.98919120 4.25328377 0.00000000 0.00000000
1-A-7 38,143,000.00 5.50000% 993.83731851 4.55508770 0.00000000 0.00000000
1-A-8 1,215,000.00 5.50000% 1018.45976132 4.66794239 0.00000000 0.00000000
1-A-9 4,251,000.00 5.50000% 136.32823336 0.62483886 0.00000000 0.00000000
1-A-10 13,613,000.00 5.50000% 992.92743627 4.55091751 0.00000000 0.00000000
1-A-11 5,352,000.00 5.50000% 1018.45976084 4.66794096 0.00000000 0.00000000
1-A-12 356,000.00 5.50000% 992.92744382 4.55092697 0.00000000 0.00000000
1-A-13 22,018,000.00 5.50000% 1000.00000000 4.58333318 0.00000000 0.00000000
1-A-R 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 71,821,000.00 5.00000% 955.84769817 3.98269879 0.00000000 0.00000000
2-A-2 5,844,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
30-PO 1,197,987.93 0.00000% 986.75077636 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 940.67501476 4.31142604 0.00000000 0.00000000
15-PO 449,240.30 0.00000% 977.39519362 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.00000% 978.16395112 4.07568504 0.00000000 0.00000000
B-1 4,071,000.00 5.37804% 993.05275608 4.45056006 0.00000000 0.00000000
B-2 1,629,000.00 5.37804% 993.05275629 4.45055862 0.00000000 0.00000000
B-3 814,000.00 5.37804% 993.05275184 4.45056511 0.00000000 0.00000000
B-4 651,000.00 5.37804% 993.05274962 4.45056836 0.00000000 0.00000000
B-5 652,000.00 5.37804% 993.05276074 4.45056748 0.00000000 0.00000000
B-6 325,922.59 5.37804% 993.05239934 4.45056601 0.00000000 0.00000000
1-AMR 25.00 5.50000% 0.00000000 0.00000000 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 3.42528125 0.00000000 975.74770625
1-A-2 0.00000000 0.00000000 4.20833323 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333347 0.00000000 1000.00000000
1-A-4 0.00000000 0.00000000 4.58333372 0.00000000 1000.00041742
1-A-5 0.00000000 0.00000000 4.49887769 0.00000000 975.74776119
1-A-6 0.00000000 0.00000000 4.25328377 0.00000000 911.64526781
1-A-7 0.00000000 0.00000000 4.55508770 0.00000000 987.49363448
1-A-8 0.00000000 0.00000000 4.66794239 0.00000000 1023.12770370
1-A-9 0.00000000 0.00000000 0.62483886 0.00000000 0.00000000
1-A-10 0.00000000 0.00000000 4.55091751 0.00000000 991.13898920
1-A-11 0.00000000 0.00000000 4.66794096 0.00000000 1023.12770179
1-A-12 0.00000000 0.00000000 4.55092697 0.00000000 991.13898876
1-A-13 0.00000000 0.00000000 4.58333318 0.00000000 1000.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 3.98269879 0.00000000 939.11581251
2-A-2 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 985.57440391
30-IO 0.00000000 0.00000000 4.31142604 0.00000000 919.38786785
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 972.20861530
15-IO 0.00000000 0.00000000 4.07568504 0.00000000 951.75385714
B-1 0.00000000 0.00000000 4.45056006 0.00000000 991.28472366
B-2 0.00000000 0.00000000 4.45055862 0.00000000 991.28472069
B-3 0.00000000 0.00000000 4.45056511 0.00000000 991.28471744
B-4 0.00000000 0.00000000 4.45056836 0.00000000 991.28471582
B-5 0.00000000 0.00000000 4.45056748 0.00000000 991.28472393
B-6 0.00000000 0.00000000 4.45056601 0.00000000 991.28437216
1-AMR 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 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>
30-PO-1 0.00000% 0.00 0.00 1,182,115.52 1,180,706.24 98.55744039%
15-PO-2 0.00000% 0.00 0.00 439,085.31 436,755.29 97.22086153%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,937,933.26
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 4,937,933.26
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 68,141.75
Payment of Interest and Principal 4,869,791.51
Total Withdrawals (Pool Distribution Amount) 4,937,933.26
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 65,119.82
Assured Guaranty fee 1,068.33
Trustee Fee 1,953.60
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 68,141.75
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Rounding Account 1-A-2 999.99 0.00 0.00 999.99
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 2 0 0 0 2
1,445,704.93 0.00 0.00 0.00 1,445,704.93
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 2 0 0 0 2
1,445,704.93 0.00 0.00 0.00 1,445,704.93
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 0.341880% 0.000000% 0.000000% 0.000000% 0.341880%
0.467039% 0.000000% 0.000000% 0.000000% 0.467039%
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 0.341880% 0.000000% 0.000000% 0.000000% 0.341880%
0.467039% 0.000000% 0.000000% 0.000000% 0.467039%
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 2 0 0 0 2
1,445,704.93 0.00 0.00 0.00 1,445,704.93
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 2 0 0 0 2
1,445,704.93 0.00 0.00 0.00 1,445,704.93
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.451467% 0.000000% 0.000000% 0.000000% 0.451467%
0.618791% 0.000000% 0.000000% 0.000000% 0.618791%
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 0.451467% 0.000000% 0.000000% 0.000000% 0.451467%
0.618791% 0.000000% 0.000000% 0.000000% 0.618791%
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 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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 8,283.53
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Aug-04 0.000%
Original Principal Balance 0.00 Sep-04 0.000%
Current Principal Balance 0.00 Oct-04 0.000%
Nov-04 0.000%
Current REO Total Dec-04 0.000%
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 - 30 Year Fixed 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Aug-04 0.000%
Original Principal Balance 0.00 Sep-04 0.000%
Current Principal Balance 0.00 Oct-04 0.000%
Nov-04 0.000%
Current REO Total Dec-04 0.000%
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 - 15 Year Fixed 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Aug-04 0.000%
Original Principal Balance 0.00 Sep-04 0.000%
Current Principal Balance 0.00 Oct-04 0.000%
Nov-04 0.000%
Current REO Total Dec-04 0.000%
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Aug-04 0.000%
Original Principal Balance 0.00 Sep-04 0.000%
Current Principal Balance 0.00 Oct-04 0.000%
Nov-04 0.000%
Current Foreclosure Total Dec-04 0.000%
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 - 30 Year Fixed 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Aug-04 0.000%
Original Principal Balance 0.00 Sep-04 0.000%
Current Principal Balance 0.00 Oct-04 0.000%
Nov-04 0.000%
Current Foreclosure Total Dec-04 0.000%
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 - 15 Year Fixed 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Aug-04 0.000%
Original Principal Balance 0.00 Sep-04 0.000%
Current Principal Balance 0.00 Oct-04 0.000%
Nov-04 0.000%
Current Foreclosure Total Dec-04 0.000%
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.685858%
Weighted Average Pass-Through Rate 5.428358%
Weighted Average Maturity(Stepdown Calculation) 310
Beginning Scheduled Collateral Loan Count 590
Number Of Loans Paid In Full 5
Ending Scheduled Collateral Loan Count 585
Beginning Scheduled Collateral Balance 312,575,127.08
Ending Scheduled Collateral Balance 309,118,242.03
Ending Actual Collateral Balance at 30-Jun-2005 309,546,611.65
Monthly P&I Constant 2,039,575.41
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 4,812,743.72
Class AP Deferred Amount 0.00
Scheduled Principal 558,527.31
Unscheduled Principal 2,898,357.74
Miscellaneous Reporting
Senior % 97.399502%
Subordinate % 2.600498%
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 5.803228 5.326189 5.685858
Weighted Average Net Rate 5.553228 5.076189 5.435858
Weighted Average Maturity 354 174 310
Beginning Loan Count 446 144 590
Loans Paid In Full 3 2 5
Ending Loan Count 443 142 585
Beginning Scheduled Balance 235,669,615.08 76,905,512.00 312,575,127.08
Ending Scheduled Balance 233,424,569.85 75,693,672.18 309,118,242.03
Record Date 06/30/2005 06/30/2005 06/30/2005
Principal And Interest Constant 1,393,707.67 645,867.74 2,039,575.41
Scheduled Principal 254,003.95 304,523.36 558,527.31
Unscheduled Principal 1,991,041.28 907,316.46 2,898,357.74
Scheduled Interest 1,139,703.72 341,344.38 1,481,048.10
Servicing Fees 49,097.84 16,021.98 65,119.82
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,472.94 480.66 1,953.60
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 1,089,132.94 324,841.74 1,413,974.68
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 5.545728 5.068689 5.428358
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 9.690030%
Subordinate % 2.607330%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.392670%
Group 2 - 15 Year Fixed
CPR 13.323293%
Subordinate % 2.579549%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.420451%
Prepayment Detail - Prepayments during Current Period
Summary Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
1 - 30 Year Fixed 3 1,818,500.00 1,809,271.08 0 0.00 0.00
2 - 15 Year Fixed 2 1,928,500.00 900,937.09 0 0.00 0.00
Total 5 3,747,000.00 2,710,208.17 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1 - 30 Year Fixed 0 0.00 0.00 0 0.00 0.00 183,643.52
2 - 15 Year Fixed 0 0.00 0.00 0 0.00 0.00 17,887.74
Total 0 0.00 0.00 0 0.00 0.00 201,531.26
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
1 - 30 Year Fixed 6549282678 VA 70.00 01-Feb-2005 374,500.00 372,339.95
1 - 30 Year Fixed 6666370033 TX 80.00 01-Feb-2005 948,000.00 942,129.37
1 - 30 Year Fixed 6666623696 CA 80.00 01-Feb-2005 496,000.00 492,928.44
2 - 15 Year Fixed 6410685298 FL 70.00 01-Feb-2005 1,207,500.00 181,480.80
2 - 15 Year Fixed 6883382381 MI 70.00 01-Mar-2005 721,000.00 707,947.92
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
1 - 30 Year Fixed 6549282678 Loan Paid in Full 0 6.250% 360 5
1 - 30 Year Fixed 6666370033 Loan Paid in Full 0 5.875% 360 5
1 - 30 Year Fixed 6666623696 Loan Paid in Full 0 5.875% 360 5
2 - 15 Year Fixed 6410685298 Loan Paid in Full (1) 5.250% 180 5
2 - 15 Year Fixed 6883382381 Loan Paid in Full 0 5.500% 180 4
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.929% Current Month 10.595% Current Month 1,131.342%
3 Month Average 0.862% 3 Month Average 9.768% 3 Month Average 1,474.984%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 4.044% N/A Mar-2005 2,994.110% N/A
Apr-2005 15.443% N/A Apr-2005 4,586.733% N/A
May-2005 14.873% N/A May-2005 2,772.672% N/A
Jun-2005 3.837% N/A Jun-2005 520.937% N/A
Jul-2005 10.595% N/A Jul-2005 1,131.342% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1 - 30 Year Fixed
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.846% Current Month 9.690% Current Month 1,042.281%
3 Month Average 0.808% 3 Month Average 9.164% 3 Month Average 1,415.474%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 4.271% N/A Mar-2005 3,340.511% N/A
Apr-2005 18.828% N/A Apr-2005 5,705.640% N/A
May-2005 14.798% N/A May-2005 2,792.884% N/A
Jun-2005 3.003% N/A Jun-2005 411.259% N/A
Jul-2005 9.690% N/A Jul-2005 1,042.281% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2 - 15 Year Fixed
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.184% Current Month 13.323% Current Month 1,391.649%
3 Month Average 1.028% 3 Month Average 11.589% 3 Month Average 1,648.253%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 3.344% N/A Mar-2005 2,126.691% N/A
Apr-2005 4.189% N/A Apr-2005 1,173.361% N/A
May-2005 15.100% N/A May-2005 2,713.954% N/A
Jun-2005 6.345% N/A Jun-2005 839.157% N/A
Jul-2005 13.323% N/A Jul-2005 1,391.649% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 - 30 Year Fixed 0 0.00 0.00 0.000%
2 - 15 Year Fixed 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1 - 30 Year Fixed
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2 - 15 Year Fixed
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Aug-2004 N/A N/A Aug-2004 N/A N/A
Sep-2004 N/A N/A Sep-2004 N/A N/A
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>