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
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-HE1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-119047-05
Pooling and Servicing Agreement) (Commission 54-2165618
(State or other File Number) 54-2165619
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 July 25, 2005 a distribution was made to holders of ACE SECURITIES CORP.
HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-HE1 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Pass-Through Certificates,
Series 2005-HE1 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.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-HE1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 7/27/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-HE1 Trust,
relating to the July 25, 2005 distribution.
EX-99.1
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Record Date: 6/30/2005
Distribution Date: 7/25/2005
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Series ACE 2005-HE1
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>
A-1A 004421KP7 SEN 3.55438% 654,296,731.09 1,808,814.95
A-1B 004421KQ5 SEN 3.60438% 163,574,407.06 458,565.58
A-2A 004421KR3 SEN 3.43438% 153,393,347.98 409,741.92
A-2B 004421KS1 SEN 3.54438% 60,016,000.00 165,448.51
A-2C 004421KT9 SEN 3.66438% 47,430,000.00 135,178.98
M-1 004421KU6 SEN 3.79438% 58,509,000.00 172,670.85
M-2 004421KV4 SEN 3.81438% 49,271,000.00 146,174.25
M-3 004421KW2 SEN 3.86438% 30,024,000.00 90,241.00
M-4 004421KX0 SEN 4.03438% 29,255,000.00 91,797.83
M-5 004421KY8 SEN 4.09438% 36,953,000.00 117,677.49
M-6 004421KZ5 SEN 4.16438% 20,016,000.00 64,831.07
M-7 004421LA9 SEN 4.59438% 15,397,000.00 55,019.74
M-8 004421LB7 SEN 4.69438% 19,246,000.00 70,270.70
M-9 004421LC5 SEN 5.51438% 18,477,000.00 79,247.15
B-1 004421LD3 SEN 6.56438% 25,405,000.00 129,708.50
B-2 004421LE1 SEN 6.56438% 21,556,000.00 110,056.94
CE ACE05HE1CE SEN 0.00000% 10,778,018.64 3,758,285.10
CE-1 ACE05HE1CE1 SEN 0.00000% 0.00 18,181.91
P ACE05HE1P SEN 0.00000% 100.00 804,600.14
R ACE5HE1R1 SEN 0.00000% 0.00 0.00
Totals 1,413,597,604.77 8,686,512.61
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1A 28,808,465.63 0.00 625,488,265.46 30,617,280.58 0.00
A-1B 7,202,126.28 0.00 156,372,280.78 7,660,691.86 0.00
A-2A 7,930,119.45 0.00 145,463,228.53 8,339,861.37 0.00
A-2B 0.00 0.00 60,016,000.00 165,448.51 0.00
A-2C 0.00 0.00 47,430,000.00 135,178.98 0.00
M-1 0.00 0.00 58,509,000.00 172,670.85 0.00
M-2 0.00 0.00 49,271,000.00 146,174.25 0.00
M-3 0.00 0.00 30,024,000.00 90,241.00 0.00
M-4 0.00 0.00 29,255,000.00 91,797.83 0.00
M-5 0.00 0.00 36,953,000.00 117,677.49 0.00
M-6 0.00 0.00 20,016,000.00 64,831.07 0.00
M-7 0.00 0.00 15,397,000.00 55,019.74 0.00
M-8 0.00 0.00 19,246,000.00 70,270.70 0.00
M-9 0.00 0.00 18,477,000.00 79,247.15 0.00
B-1 0.00 0.00 25,405,000.00 129,708.50 0.00
B-2 0.00 0.00 21,556,000.00 110,056.94 0.00
CE 0.00 0.00 10,778,018.64 3,758,285.10 0.00
CE-1 0.00 0.00 0.00 18,181.91 0.00
P 0.00 0.00 100.00 804,600.14 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 43,940,711.36 0.00 1,369,656,893.41 52,627,223.97 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>
A-1A 729,291,000.00 654,296,731.09 0.00 28,808,465.63 0.00 0.00
A-1B 182,323,000.00 163,574,407.06 0.00 7,202,126.28 0.00 0.00
A-2A 185,769,000.00 153,393,347.98 0.00 7,930,119.45 0.00 0.00
A-2B 60,016,000.00 60,016,000.00 0.00 0.00 0.00 0.00
A-2C 47,430,000.00 47,430,000.00 0.00 0.00 0.00 0.00
M-1 58,509,000.00 58,509,000.00 0.00 0.00 0.00 0.00
M-2 49,271,000.00 49,271,000.00 0.00 0.00 0.00 0.00
M-3 30,024,000.00 30,024,000.00 0.00 0.00 0.00 0.00
M-4 29,255,000.00 29,255,000.00 0.00 0.00 0.00 0.00
M-5 36,953,000.00 36,953,000.00 0.00 0.00 0.00 0.00
M-6 20,016,000.00 20,016,000.00 0.00 0.00 0.00 0.00
M-7 15,397,000.00 15,397,000.00 0.00 0.00 0.00 0.00
M-8 19,246,000.00 19,246,000.00 0.00 0.00 0.00 0.00
M-9 18,477,000.00 18,477,000.00 0.00 0.00 0.00 0.00
B-1 25,405,000.00 25,405,000.00 0.00 0.00 0.00 0.00
B-2 21,556,000.00 21,556,000.00 0.00 0.00 0.00 0.00
CE 10,778,849.00 10,778,018.64 0.00 0.00 0.00 0.00
CE-1 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,539,716,949.00 1,413,597,604.77 0.00 43,940,711.36 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>
A-1A 28,808,465.63 625,488,265.46 0.85766623 28,808,465.63
A-1B 7,202,126.28 156,372,280.78 0.85766623 7,202,126.28
A-2A 7,930,119.45 145,463,228.53 0.78303284 7,930,119.45
A-2B 0.00 60,016,000.00 1.00000000 0.00
A-2C 0.00 47,430,000.00 1.00000000 0.00
M-1 0.00 58,509,000.00 1.00000000 0.00
M-2 0.00 49,271,000.00 1.00000000 0.00
M-3 0.00 30,024,000.00 1.00000000 0.00
M-4 0.00 29,255,000.00 1.00000000 0.00
M-5 0.00 36,953,000.00 1.00000000 0.00
M-6 0.00 20,016,000.00 1.00000000 0.00
M-7 0.00 15,397,000.00 1.00000000 0.00
M-8 0.00 19,246,000.00 1.00000000 0.00
M-9 0.00 18,477,000.00 1.00000000 0.00
B-1 0.00 25,405,000.00 1.00000000 0.00
B-2 0.00 21,556,000.00 1.00000000 0.00
CE 0.00 10,778,018.64 0.99992296 0.00
CE-1 0.00 0.00 0.00000000 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 43,940,711.36 1,369,656,893.41 0.88955109 43,940,711.36
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>
A-1A 729,291,000.00 897.16825121 0.00000000 39.50201721 0.00000000
A-1B 182,323,000.00 897.16825118 0.00000000 39.50201719 0.00000000
A-2A 185,769,000.00 825.72091135 0.00000000 42.68806663 0.00000000
A-2B 60,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 47,430,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 58,509,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 49,271,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 30,024,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 29,255,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 36,953,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 20,016,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 15,397,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 19,246,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 18,477,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 25,405,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 21,556,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 10,778,849.00 999.92296395 0.00000000 0.00000000 0.00000000
CE-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 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>
A-1A 0.00000000 39.50201721 857.66623400 0.85766623 39.50201721
A-1B 0.00000000 39.50201719 857.66623399 0.85766623 39.50201719
A-2A 0.00000000 42.68806663 783.03284472 0.78303284 42.68806663
A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.92296395 0.99992296 0.00000000
CE-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R 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>
A-1A 729,291,000.00 3.55438% 654,296,731.09 1,808,814.95 0.00 0.00
A-1B 182,323,000.00 3.60438% 163,574,407.06 458,565.58 0.00 0.00
A-2A 185,769,000.00 3.43438% 153,393,347.98 409,741.92 0.00 0.00
A-2B 60,016,000.00 3.54438% 60,016,000.00 165,448.51 0.00 0.00
A-2C 47,430,000.00 3.66438% 47,430,000.00 135,178.98 0.00 0.00
M-1 58,509,000.00 3.79438% 58,509,000.00 172,670.85 0.00 0.00
M-2 49,271,000.00 3.81438% 49,271,000.00 146,174.25 0.00 0.00
M-3 30,024,000.00 3.86438% 30,024,000.00 90,241.00 0.00 0.00
M-4 29,255,000.00 4.03438% 29,255,000.00 91,797.83 0.00 0.00
M-5 36,953,000.00 4.09438% 36,953,000.00 117,677.49 0.00 0.00
M-6 20,016,000.00 4.16438% 20,016,000.00 64,831.07 0.00 0.00
M-7 15,397,000.00 4.59438% 15,397,000.00 55,019.74 0.00 0.00
M-8 19,246,000.00 4.69438% 19,246,000.00 70,270.70 0.00 0.00
M-9 18,477,000.00 5.51438% 18,477,000.00 79,247.15 0.00 0.00
B-1 25,405,000.00 6.56438% 25,405,000.00 129,708.50 0.00 0.00
B-2 21,556,000.00 6.56438% 21,556,000.00 110,056.94 0.00 0.00
CE 10,778,849.00 0.00000% 1,413,597,604.77 0.00 0.00 0.00
CE-1 0.00 0.00000% 0.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,539,716,949.00 4,105,445.46 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>
A-1A 0.00 0.00 1,808,814.95 0.00 625,488,265.46
A-1B 0.00 0.00 458,565.58 0.00 156,372,280.78
A-2A 0.00 0.00 409,741.92 0.00 145,463,228.53
A-2B 0.00 0.00 165,448.51 0.00 60,016,000.00
A-2C 0.00 0.00 135,178.98 0.00 47,430,000.00
M-1 0.00 0.00 172,670.85 0.00 58,509,000.00
M-2 0.00 0.00 146,174.25 0.00 49,271,000.00
M-3 0.00 0.00 90,241.00 0.00 30,024,000.00
M-4 0.00 0.00 91,797.83 0.00 29,255,000.00
M-5 0.00 0.00 117,677.49 0.00 36,953,000.00
M-6 0.00 0.00 64,831.07 0.00 20,016,000.00
M-7 0.00 0.00 55,019.74 0.00 15,397,000.00
M-8 0.00 0.00 70,270.70 0.00 19,246,000.00
M-9 0.00 0.00 79,247.15 0.00 18,477,000.00
B-1 0.00 0.00 129,708.50 0.00 25,405,000.00
B-2 0.00 0.00 110,056.94 0.00 21,556,000.00
CE 0.00 0.00 3,758,285.10 0.00 1,369,656,893.41
CE-1 0.00 0.00 18,181.91 0.00 0.00
P 0.00 0.00 804,600.14 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 8,686,512.61 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>
A-1A 729,291,000.00 3.55438% 897.16825121 2.48023759 0.00000000 0.00000000
A-1B 182,323,000.00 3.60438% 897.16825118 2.51512744 0.00000000 0.00000000
A-2A 185,769,000.00 3.43438% 825.72091135 2.20565283 0.00000000 0.00000000
A-2B 60,016,000.00 3.54438% 1000.00000000 2.75674004 0.00000000 0.00000000
A-2C 47,430,000.00 3.66438% 1000.00000000 2.85007337 0.00000000 0.00000000
M-1 58,509,000.00 3.79438% 1000.00000000 2.95118443 0.00000000 0.00000000
M-2 49,271,000.00 3.81438% 1000.00000000 2.96674007 0.00000000 0.00000000
M-3 30,024,000.00 3.86438% 1000.00000000 3.00562883 0.00000000 0.00000000
M-4 29,255,000.00 4.03438% 1000.00000000 3.13785097 0.00000000 0.00000000
M-5 36,953,000.00 4.09438% 1000.00000000 3.18451790 0.00000000 0.00000000
M-6 20,016,000.00 4.16438% 1000.00000000 3.23896233 0.00000000 0.00000000
M-7 15,397,000.00 4.59438% 1000.00000000 3.57340651 0.00000000 0.00000000
M-8 19,246,000.00 4.69438% 1000.00000000 3.65118466 0.00000000 0.00000000
M-9 18,477,000.00 5.51438% 1000.00000000 4.28896195 0.00000000 0.00000000
B-1 25,405,000.00 6.56438% 1000.00000000 5.10562881 0.00000000 0.00000000
B-2 21,556,000.00 6.56438% 1000.00000000 5.10562906 0.00000000 0.00000000
CE 10,778,849.00 0.00000% 131145.50586709 0.00000000 0.00000000 0.00000000
CE-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000% 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>
A-1A 0.00000000 0.00000000 2.48023759 0.00000000 857.66623400
A-1B 0.00000000 0.00000000 2.51512744 0.00000000 857.66623399
A-2A 0.00000000 0.00000000 2.20565283 0.00000000 783.03284472
A-2B 0.00000000 0.00000000 2.75674004 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 2.85007337 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 2.95118443 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.96674007 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.00562883 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.13785097 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.18451790 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.23896233 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 3.57340651 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.65118466 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.28896195 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.10562881 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 5.10562906 0.00000000 1000.00000000
CE 0.00000000 0.00000000 348.67220981 0.00000000 127068.93782536
CE-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
P 0.00000000 0.00000000 8046001.40000000 0.00000000 1000.00000000
R 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 52,368,682.98
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 376,313.51
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 804,600.14
Total Deposits 53,549,596.63
Withdrawals
Reimbursement for Servicer Advances 335,063.59
Payment of Service Fee 587,309.07
Payment of Interest and Principal 52,627,223.97
Total Withdrawals (Pool Distribution Amount) 53,549,596.63
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 570,817.09
Credit Risk Manager Fee - The Murrayhill Company 16,491.98
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 587,309.07
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 15 1 0 16
1,796,299.80 258,751.59 0.00 2,055,051.39
30 Days 139 3 0 0 142
21,211,905.08 183,311.14 0.00 0.00 21,395,216.22
60 Days 95 4 0 0 99
13,806,129.25 627,502.62 0.00 0.00 14,433,631.87
90 Days 45 1 2 0 48
7,720,287.60 141,902.68 172,609.84 0.00 8,034,800.12
120 Days 51 4 17 0 72
8,707,523.67 511,470.16 2,750,809.98 0.00 11,969,803.81
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 330 27 20 0 377
51,445,845.60 3,260,486.40 3,182,171.41 0.00 57,888,503.41
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 0.183061% 0.012204% 0.000000% 0.195265%
0.131107% 0.018886% 0.000000% 0.149993%
30 Days 1.696363% 0.036612% 0.000000% 0.000000% 1.732975%
1.548201% 0.013379% 0.000000% 0.000000% 1.561581%
60 Days 1.159385% 0.048816% 0.000000% 0.000000% 1.208201%
1.007673% 0.045800% 0.000000% 0.000000% 1.053473%
90 Days 0.549182% 0.012204% 0.024408% 0.000000% 0.585794%
0.563484% 0.010357% 0.012598% 0.000000% 0.586439%
120 Days 0.622407% 0.048816% 0.207469% 0.000000% 0.878692%
0.635539% 0.037331% 0.200774% 0.000000% 0.873645%
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 4.027337% 0.329509% 0.244081% 0.000000% 4.600928%
3.754897% 0.237974% 0.232258% 0.000000% 4.225130%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 9 1 0 10
1,489,245.72 258,751.59 0.00 1,747,997.31
30 Days 99 1 0 0 100
16,301,910.02 107,485.67 0.00 0.00 16,409,395.69
60 Days 68 3 0 0 71
10,396,005.62 616,308.76 0.00 0.00 11,012,314.38
90 Days 27 1 2 0 30
4,819,750.37 141,902.68 172,609.84 0.00 5,134,262.89
120 Days 37 3 14 0 54
7,934,513.70 491,845.57 2,126,023.25 0.00 10,552,382.52
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 231 17 17 0 265
39,452,179.71 2,846,788.40 2,557,384.68 0.00 44,856,352.79
0-29 Days 0.189833% 0.021093% 0.000000% 0.210926%
0.173007% 0.030059% 0.000000% 0.203067%
30 Days 2.088167% 0.021093% 0.000000% 0.000000% 2.109260%
1.893809% 0.012487% 0.000000% 0.000000% 1.906295%
60 Days 1.434297% 0.063278% 0.000000% 0.000000% 1.497574%
1.207714% 0.071597% 0.000000% 0.000000% 1.279311%
90 Days 0.569500% 0.021093% 0.042185% 0.000000% 0.632778%
0.559915% 0.016485% 0.020052% 0.000000% 0.596452%
120 Days 0.780426% 0.063278% 0.295296% 0.000000% 1.139000%
0.921760% 0.057138% 0.246982% 0.000000% 1.225881%
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 4.872390% 0.358574% 0.358574% 0.000000% 5.589538%
4.583198% 0.330714% 0.297094% 0.000000% 5.211006%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 5 0 0 5
212,333.96 0.00 0.00 212,333.96
30 Days 31 2 0 0 33
1,713,193.71 75,825.47 0.00 0.00 1,789,019.18
60 Days 22 1 0 0 23
1,489,899.06 11,193.86 0.00 0.00 1,501,092.92
90 Days 13 0 0 0 13
833,156.16 0.00 0.00 0.00 833,156.16
120 Days 14 1 2 0 17
773,009.97 19,624.59 113,267.88 0.00 905,902.44
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 80 9 2 0 91
4,809,258.90 318,977.88 113,267.88 0.00 5,241,504.66
0-29 Days 0.203004% 0.000000% 0.000000% 0.203004%
0.121460% 0.000000% 0.000000% 0.121460%
30 Days 1.258628% 0.081202% 0.000000% 0.000000% 1.339829%
0.979988% 0.043374% 0.000000% 0.000000% 1.023362%
60 Days 0.893220% 0.040601% 0.000000% 0.000000% 0.933821%
0.852258% 0.006403% 0.000000% 0.000000% 0.858661%
90 Days 0.527812% 0.000000% 0.000000% 0.000000% 0.527812%
0.476585% 0.000000% 0.000000% 0.000000% 0.476585%
120 Days 0.568413% 0.040601% 0.081202% 0.000000% 0.690215%
0.442180% 0.011226% 0.064792% 0.000000% 0.518198%
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 3.248071% 0.365408% 0.081202% 0.000000% 3.694681%
2.751010% 0.182463% 0.064792% 0.000000% 2.998265%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 3 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 6 0 0 0 6
2,869,871.40 0.00 0.00 0.00 2,869,871.40
60 Days 4 0 0 0 4
1,842,328.97 0.00 0.00 0.00 1,842,328.97
90 Days 4 0 0 0 4
1,948,498.61 0.00 0.00 0.00 1,948,498.61
120 Days 0 0 1 0 1
0.00 0.00 511,518.85 0.00 511,518.85
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 14 0 1 0 15
6,660,698.98 0.00 511,518.85 0.00 7,172,217.83
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.981997% 0.000000% 0.000000% 0.000000% 0.981997%
1.016553% 0.000000% 0.000000% 0.000000% 1.016553%
60 Days 0.654664% 0.000000% 0.000000% 0.000000% 0.654664%
0.652582% 0.000000% 0.000000% 0.000000% 0.652582%
90 Days 0.654664% 0.000000% 0.000000% 0.000000% 0.654664%
0.690189% 0.000000% 0.000000% 0.000000% 0.690189%
120 Days 0.000000% 0.000000% 0.163666% 0.000000% 0.163666%
0.000000% 0.000000% 0.181188% 0.000000% 0.181188%
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 2.291326% 0.000000% 0.163666% 0.000000% 2.454992%
2.359323% 0.000000% 0.181188% 0.000000% 2.540511%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 4 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 1 0 0 1
94,720.12 0.00 0.00 94,720.12
30 Days 3 0 0 0 3
326,929.95 0.00 0.00 0.00 326,929.95
60 Days 1 0 0 0 1
77,895.60 0.00 0.00 0.00 77,895.60
90 Days 1 0 0 0 1
118,882.46 0.00 0.00 0.00 118,882.46
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 1 0 0 6
523,708.01 94,720.12 0.00 0.00 618,428.13
0-29 Days 0.263852% 0.000000% 0.000000% 0.263852%
0.181568% 0.000000% 0.000000% 0.181568%
30 Days 0.791557% 0.000000% 0.000000% 0.000000% 0.791557%
0.626688% 0.000000% 0.000000% 0.000000% 0.626688%
60 Days 0.263852% 0.000000% 0.000000% 0.000000% 0.263852%
0.149317% 0.000000% 0.000000% 0.000000% 0.149317%
90 Days 0.263852% 0.000000% 0.000000% 0.000000% 0.263852%
0.227884% 0.000000% 0.000000% 0.000000% 0.227884%
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 1.319261% 0.263852% 0.000000% 0.000000% 1.583113%
1.003889% 0.181568% 0.000000% 0.000000% 1.185457%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 376,313.51
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c> <c>
Class M-1 276,378,949.00 17.94998419% 276,378,118.64 20.17863890% 4.271800% 0.000000%
Class M-2 227,107,949.00 14.74998045% 227,107,118.64 16.58131461% 3.597324% 0.000000%
Class M-3 197,083,949.00 12.80001166% 197,083,118.64 14.38923278% 2.192082% 0.000000%
Class M-4 167,828,949.00 10.89998711% 167,828,118.64 12.25329639% 2.135936% 0.000000%
Class B-1 32,334,949.00 2.10005800% 32,334,118.64 2.36074588% 1.854844% 0.000000%
Class B-2 10,778,949.00 0.70006042% 10,778,118.64 0.78692107% 1.573825% 0.000000%
Class CE 100.00 0.00000649% 100.00 0.00000730% 0.786914% 0.000000%
Class CE-1 100.00 0.00000649% 100.00 0.00000730% 0.000000% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000007% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
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.
Group 1 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.
Group 2 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.
Group 3 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.
Group 4 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 7 Aug-04 0.000%
Original Principal Balance 829,550.00 Sep-04 0.000%
Current Principal Balance 828,217.30 Oct-04 0.000%
Nov-04 0.000%
Current Foreclosure Total Dec-04 0.000%
Loans in Foreclosure 20 Jan-05 0.000%
Original Principal Balance 3,186,495.00 Feb-05 0.000%
Current Principal Balance 3,182,171.41 Mar-05 0.007%
Apr-05 0.193%
May-05 0.340%
Jun-05 0.351%
Jul-05 0.232%
*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.
Group 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 6 Aug-04 0.000%
Original Principal Balance 781,950.00 Sep-04 0.000%
Current Principal Balance 780,634.28 Oct-04 0.000%
Nov-04 0.000%
Current Foreclosure Total Dec-04 0.000%
Loans in Foreclosure 17 Jan-05 0.000%
Original Principal Balance 2,561,181.00 Feb-05 0.000%
Current Principal Balance 2,557,384.68 Mar-05 0.011%
Apr-05 0.208%
May-05 0.376%
Jun-05 0.388%
Jul-05 0.297%
*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.
Group 2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Aug-04 0.000%
Original Principal Balance 47,600.00 Sep-04 0.000%
Current Principal Balance 47,583.02 Oct-04 0.000%
Nov-04 0.000%
Current Foreclosure Total Dec-04 0.000%
Loans in Foreclosure 2 Jan-05 0.000%
Original Principal Balance 113,314.00 Feb-05 0.000%
Current Principal Balance 113,267.88 Mar-05 0.000%
Apr-05 0.049%
May-05 0.086%
Jun-05 0.088%
Jul-05 0.065%
*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.
Group 3 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 1 Jan-05 0.000%
Original Principal Balance 512,000.00 Feb-05 0.000%
Current Principal Balance 511,518.85 Mar-05 0.000%
Apr-05 0.255%
May-05 0.433%
Jun-05 0.450%
Jul-05 0.181%
*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.
Group 4 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 0.077%
May-05 0.079%
Jun-05 0.081%
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>
Group 1 0002060845 Jul-2005 01-Dec-2004 CA 71.72 312,000.00
Group 1 0081000994 Jul-2005 01-Nov-2004 MI 80.00 120,800.00
Group 1 0100400495 Jul-2005 01-Dec-2004 IL 85.00 107,950.00
Group 1 0101500233 Jul-2005 01-Jan-2005 MI 80.00 103,200.00
Group 1 0110200439 Jul-2005 01-Jan-2005 TX 80.00 68,400.00
Group 1 0112200124 Jul-2005 01-Feb-2005 IN 80.00 69,600.00
Group 1 1000200492 Apr-2005 01-Dec-2004 WA 80.00 260,000.00
Group 1 5000114059 May-2005 01-Jan-2005 MA 80.00 192,800.00
Group 1 5000116140 Apr-2005 01-Dec-2004 MI 70.00 115,500.00
Group 1 5000120355 May-2005 01-Jan-2005 TX 90.00 216,000.00
Group 1 5000120640 May-2005 01-Jan-2005 MI 85.00 57,800.00
Group 1 5000121055 May-2005 01-Jan-2005 CO 80.00 262,856.00
Group 1 5000121392 May-2005 01-Jan-2005 IL 100.00 124,000.00
Group 1 6000120249 May-2005 01-Jan-2005 FL 85.00 72,675.00
Group 1 6000121939 May-2005 01-Jan-2005 GA 80.00 208,000.00
Group 1 7000120628 May-2005 01-Jan-2005 GA 90.00 126,000.00
Group 1 7000122336 May-2005 01-Jan-2005 NC 80.00 143,600.00
Group 2 0004452790 Jul-2005 01-Jan-2005 CO 100.00 47,600.00
Group 2 5000121154 May-2005 01-Jan-2005 CO 100.00 65,714.00
Group 3 5000121635 May-2005 01-Jan-2005 NY 80.00 512,000.00
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>
Group 1 0002060845 311,595.81 01-Jan-2005 4 8.190% 12,033.75
Group 1 0081000994 120,268.43 01-Jan-2005 4 7.900% 4,469.94
Group 1 0100400495 107,792.45 01-Jan-2005 4 7.600% 3,844.68
Group 1 0101500233 103,065.22 01-Feb-2005 3 8.150% 3,280.83
Group 1 0110200439 68,367.75 01-Jan-2005 4 9.700% 3,157.09
Group 1 0112200124 69,544.62 01-Feb-2005 3 7.150% 1,923.86
Group 1 1000200492 258,751.59 01-Jun-2005 0 7.990% 3,231.22
Group 1 5000114059 192,648.09 01-Jan-2005 4 7.200% 6,440.81
Group 1 5000116140 115,367.98 01-Jan-2005 4 8.800% 4,780.77
Group 1 5000120355 215,855.06 01-Jan-2005 4 8.000% 8,080.75
Group 1 5000120640 57,769.08 01-Jan-2005 4 9.100% 2,480.70
Group 1 5000121055 262,644.75 01-Jan-2005 4 7.100% 8,649.59
Group 1 5000121392 123,924.72 01-Jan-2005 4 8.490% 4,943.10
Group 1 6000120249 72,629.59 01-Jan-2005 4 8.350% 2,846.18
Group 1 6000121939 207,808.27 01-Jan-2005 4 6.400% 6,116.03
Group 1 7000120628 125,891.51 01-Jan-2005 4 6.750% 3,925.54
Group 1 7000122336 143,459.76 01-Jan-2005 4 6.100% 4,006.93
Group 2 0004452790 47,583.02 01-Jan-2005 4 11.000% 2,495.83
Group 2 5000121154 65,684.86 01-Jan-2005 4 9.990% 3,113.23
Group 3 5000121635 511,518.85 01-Jan-2005 4 6.300% 14,798.73
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.189504%
Weighted Average Net Coupon 6.704938%
Weighted Average Pass-Through Rate 6.690938%
Weighted Average Maturity(Stepdown Calculation) 347
Beginning Scheduled Collateral Loan Count 8,434
Number Of Loans Paid In Full 240
Ending Scheduled Collateral Loan Count 8,194
Beginning Scheduled Collateral Balance 1,413,597,604.77
Ending Scheduled Collateral Balance 1,369,656,893.41
Ending Actual Collateral Balance at 30-Jun-2005 1,370,100,004.03
Monthly P&I Constant 9,333,687.76
Special Servicing Fee 0.00
Prepayment Penalties 804,600.14
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 864,247.58
Unscheduled Principal 43,076,463.78
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 10,778,018.65
Overcollateralized Amount 10,778,018.65
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.189504%
Weighted Average Net Rate 6.704938%
Weighted Average Pass Through Rate 6.690938%
Weighted Average Maturity 347
Record Date 06/30/2005
Principal and Interest Constant 9,333,687.76
Beginning Loan Count 8,434
Loans Paid in Full 240
Ending Loan Count 8,194
Beginning Scheduled Balance 1,413,597,604.77
Ending Scheduled Balance 1,369,656,893.41
Ending Actual Balance at 30-Jun-2005 1,370,100,004.03
Scheduled Principal 864,247.58
Unscheduled Principal 43,076,463.78
Scheduled Interest 8,469,440.18
Servicing Fee 570,817.09
Master Servicing Fee 0.00
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 16,491.98
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 7,882,131.11
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 804,600.14
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 10,778,018.65
Overcollateralized Amount 10,778,018.65
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Mixed ARM Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 7.086223 8.429498 6.483978
Weighted Average Net Rate 6.602416 7.943875 5.997393
Weighted Average Maturity 353 316 353
Beginning Loan Count 4,885 2,531 626
Loans Paid In Full 144 68 15
Ending Loan Count 4,741 2,463 611
Beginning Scheduled Balance 891,480,637.65 179,777,663.01 289,043,666.63
Ending Scheduled Balance 860,488,880.06 174,758,828.69 282,256,488.47
Record Date 06/30/2005 06/30/2005 06/30/2005
Principal And Interest Constant 5,799,171.12 1,421,611.35 1,690,561.14
Scheduled Principal 534,812.53 158,748.50 128,767.27
Unscheduled Principal 30,456,945.06 4,860,085.82 6,658,410.89
Scheduled Interest 5,264,358.59 1,262,862.85 1,561,793.87
Servicing Fees 359,420.02 72,753.48 117,203.57
Master Servicing Fees 0.00 0.00 0.00
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 10,400.61 2,097.41 3,372.18
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 4,894,537.96 1,188,011.96 1,441,218.12
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 6.588416 7.929875 5.983393
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Mixed Fixed Mixed Fixed & Arm
Weighted Average Coupon Rate 8.565614 7.189504
Weighted Average Net Rate 8.082872 6.704938
Weighted Average Maturity 313 347
Beginning Loan Count 392 8,434
Loans Paid In Full 13 240
Ending Loan Count 379 8,194
Beginning Scheduled Balance 53,295,637.48 1,413,597,604.77
Ending scheduled Balance 52,152,696.19 1,369,656,893.41
Record Date 06/30/2005 06/30/2005
Principal And Interest Constant 422,344.15 9,333,687.76
Scheduled Principal 41,919.28 864,247.58
Unscheduled Principal 1,101,022.01 43,076,463.78
Scheduled Interest 380,424.87 8,469,440.18
Servicing Fees 21,440.02 570,817.09
Master Servicing Fees 0.00 0.00
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 621.78 16,491.98
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 358,363.07 7,882,131.11
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 8.068872 6.690938
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>
Group 1 144 30,517,511.00 30,391,956.34 0 0.00 0.00
Group 2 68 4,875,928.00 4,800,107.71 0 0.00 0.00
Group 3 15 6,687,540.00 6,659,756.10 0 0.00 0.00
Group 4 13 1,162,800.00 1,089,012.68 0 0.00 0.00
Total 240 43,243,779.00 42,940,832.83 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>
Group 1 0 0.00 0.00 0 0.00 0.00 83,662.54
Group 2 0 0.00 0.00 0 0.00 0.00 64,010.46
Group 3 0 0.00 0.00 0 0.00 0.00 2,935.45
Group 4 0 0.00 0.00 0 0.00 0.00 13,201.96
Total 0 0.00 0.00 0 0.00 0.00 163,810.41
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>
Group 1 0000000560 CA 80.00 01-Sep-2004 254,016.00 254,016.00
Group 1 0000000879 FL 100.00 01-Oct-2004 350,000.00 347,562.54
Group 1 0000000919 CA 54.48 01-Nov-2004 150,000.00 149,994.32
Group 1 0000000981 FL 99.98 01-Nov-2004 231,800.00 231,800.00
Group 1 0000000984 CA 80.00 01-Nov-2004 143,200.00 143,199.38
Group 1 0000001043 AZ 79.99 01-Nov-2004 263,250.00 263,249.80
Group 1 0000001072 AZ 99.98 01-Nov-2004 170,800.00 170,800.00
Group 1 0000001210 CA 80.00 01-Dec-2004 200,400.00 200,400.00
Group 1 0000001265 NV 90.00 01-Nov-2004 165,157.00 164,157.86
Group 1 0000001283 CA 80.00 01-Dec-2004 165,600.00 165,600.00
Group 1 0000001352 CA 64.48 01-Jan-2005 216,000.00 214,828.05
Group 1 0000001366 AZ 99.88 01-Dec-2004 178,000.00 178,000.00
Group 1 0000001469 CA 80.00 01-Dec-2004 172,800.00 172,751.73
Group 1 0002057377 NV 88.95 01-Nov-2004 136,100.00 135,352.47
Group 1 0003550833 CA 80.00 01-Jan-2005 191,200.00 191,138.10
Group 1 0003859235 CA 94.98 01-Jan-2005 254,400.00 254,400.00
Group 1 0003859503 CA 73.77 01-Jan-2005 225,000.00 224,740.86
Group 1 0004601620 AZ 76.88 01-Jan-2005 123,000.00 123,000.00
Group 1 0021026586 CA 64.69 01-Jan-2005 262,000.00 260,954.15
Group 1 0021029248 CA 68.20 01-Feb-2005 208,000.00 207,015.83
Group 1 0110500204 TN 80.00 01-Jan-2005 71,600.00 71,362.85
Group 1 0111400001 MI 85.00 01-Jan-2005 157,250.00 156,488.66
Group 1 0111600008 AZ 80.00 01-Jan-2005 128,800.00 128,800.00
Group 1 0111800742 WA 80.00 01-Jan-2005 259,838.00 259,838.00
Group 1 1000188299 AZ 70.00 01-Sep-2004 119,000.00 117,958.50
Group 1 1000197485 CA 84.38 01-Dec-2004 231,200.00 229,575.50
Group 1 1000197604 WI 70.00 01-Dec-2004 154,000.00 153,178.82
Group 1 1000198509 CA 80.00 01-Dec-2004 308,000.00 305,725.43
Group 1 1000199165 CA 42.28 01-Dec-2004 130,000.00 129,214.82
Group 1 1000199386 CA 72.63 01-Dec-2004 345,000.00 342,203.84
Group 1 1000199609 AZ 80.00 01-Dec-2004 107,200.00 107,200.00
Group 1 1000199674 CA 80.00 01-Dec-2004 304,000.00 301,838.85
Group 1 1000200136 CA 79.75 01-Dec-2004 319,000.00 316,860.72
Group 1 1000200150 CA 80.00 01-Dec-2004 354,400.00 351,711.86
Group 1 1000200466 CA 90.00 01-Dec-2004 315,000.00 313,162.57
Group 1 1000201226 CA 76.90 01-Dec-2004 223,000.00 221,324.60
Group 1 1000201680 NJ 80.00 01-Dec-2004 140,000.00 139,166.95
Group 1 1000201684 CA 51.68 01-Dec-2004 200,000.00 198,783.87
Group 1 1000202129 CA 80.00 01-Dec-2004 150,360.00 150,320.54
Group 1 1000202301 CA 85.00 01-Dec-2004 239,700.00 238,092.49
Group 1 1000202394 CA 90.00 01-Dec-2004 315,000.00 315,000.00
Group 1 1000202842 MI 75.76 01-Jan-2005 50,000.00 49,803.99
Group 1 1000202899 CA 80.00 01-Jan-2005 212,000.00 210,866.60
Group 1 1000202903 CA 80.00 01-Dec-2004 272,000.00 270,089.18
Group 1 1000203619 AZ 80.00 01-Dec-2004 153,293.00 153,293.00
Group 1 1000204898 CA 59.56 01-Dec-2004 109,000.00 107,974.92
Group 1 1000205482 CA 90.00 01-Jan-2005 192,600.00 191,300.56
Group 1 1000205680 MD 90.00 01-Jan-2005 256,500.00 254,752.92
Group 1 1000206210 CA 75.00 01-Jan-2005 240,000.00 239,099.32
Group 1 1000207050 VA 80.00 01-Jan-2005 180,000.00 179,219.79
Group 1 1000207104 CA 75.00 01-Jan-2005 288,750.00 287,561.34
Group 1 1000207608 CA 80.00 01-Jan-2005 136,000.00 135,299.57
Group 1 1000208813 CA 72.47 01-Jan-2005 293,500.00 291,700.96
Group 1 1000208985 VA 90.00 01-Jan-2005 266,400.00 264,740.79
Group 1 1000209555 CA 67.05 01-Jan-2005 283,620.00 283,433.62
Group 1 1000210176 CA 65.12 01-Jan-2005 280,000.00 278,442.98
Group 1 1000210202 CA 68.44 01-Jan-2005 308,000.00 307,992.02
Group 1 1000210255 CA 86.42 01-Jan-2005 350,000.00 347,230.32
Group 1 1000210590 MD 90.00 01-Jan-2005 243,000.00 243,000.00
Group 1 1000211018 CA 80.00 01-Jan-2005 348,552.00 348,552.00
Group 1 1000211557 CA 73.13 01-Jan-2005 266,932.00 265,131.10
Group 1 5000116122 IL 80.00 01-Dec-2004 233,600.00 232,329.16
Group 1 5000116437 MI 95.00 01-Dec-2004 181,450.00 180,293.36
Group 1 5000116611 WA 80.00 01-Dec-2004 132,800.00 132,574.56
Group 1 5000117917 MI 85.00 01-Dec-2004 72,250.00 71,824.74
Group 1 5000118561 WI 80.00 01-Dec-2004 180,000.00 178,513.52
Group 1 5000118574 MD 79.01 01-Dec-2004 280,000.00 278,249.38
Group 1 5000119034 CO 80.00 01-Dec-2004 152,000.00 152,000.00
Group 1 5000119265 IL 90.00 01-Dec-2004 184,500.00 183,475.95
Group 1 5000119558 CO 90.00 01-Dec-2004 234,000.00 232,387.59
Group 1 5000120449 NY 80.00 01-Dec-2004 368,000.00 365,313.39
Group 1 5000120697 WI 55.94 01-Dec-2004 80,000.00 79,510.60
Group 1 5000121351 WI 80.00 01-Jan-2005 60,000.00 59,641.96
Group 1 5000122118 MO 75.00 01-Jan-2005 51,000.00 50,798.46
Group 1 5000123822 NJ 73.57 01-Jan-2005 103,000.00 102,617.43
Group 1 5000124592 IN 80.00 01-Jan-2005 111,200.00 110,411.85
Group 1 6000118715 NJ 79.78 01-Dec-2004 181,500.00 180,625.31
Group 1 6000119688 MD 67.08 01-Dec-2004 161,000.00 160,079.26
Group 1 6000120324 FL 80.00 01-Jan-2005 132,000.00 131,386.24
Group 1 6000120498 NC 90.00 01-Dec-2004 106,200.00 105,604.65
Group 1 6000120519 MD 75.00 01-Dec-2004 341,250.00 339,703.46
Group 1 6000120745 FL 90.00 01-Dec-2004 146,700.00 145,925.59
Group 1 6000120773 CA 80.00 01-Dec-2004 151,200.00 150,548.97
Group 1 6000120989 NJ 79.55 01-Dec-2004 245,000.00 243,132.82
Group 1 6000121283 FL 90.00 01-Dec-2004 103,500.00 102,790.56
Group 1 6000121600 FL 90.00 01-Dec-2004 229,500.00 227,978.79
Group 1 6000122001 GA 90.00 01-Dec-2004 278,910.00 276,087.19
Group 1 6000123174 GA 80.00 01-Dec-2004 156,960.00 156,172.23
Group 1 6000123181 FL 80.00 01-Dec-2004 127,200.00 126,616.76
Group 1 6000123479 FL 85.00 01-Dec-2004 178,500.00 177,281.81
Group 1 6000124559 MD 80.00 01-Jan-2005 180,800.00 180,016.78
Group 1 6000124993 MD 68.65 01-Jan-2005 178,500.00 177,393.13
Group 1 6000126711 VA 95.00 01-Jan-2005 213,075.00 211,842.86
Group 1 6000126983 FL 80.00 01-Jan-2005 124,000.00 123,375.32
Group 1 7000113306 HI 35.10 01-Dec-2004 265,000.00 263,065.32
Group 1 7000115372 CA 75.00 01-Nov-2004 171,750.00 170,956.94
Group 1 7000116378 HI 80.00 01-Dec-2004 304,000.00 303,751.39
Group 1 7000117329 CA 80.00 01-Jan-2005 309,827.00 307,890.83
Group 1 7000117538 CA 80.00 01-Dec-2004 138,800.00 137,768.67
Group 1 7000118260 MD 70.00 01-Dec-2004 105,000.00 104,677.08
Group 1 7000118805 CA 90.00 01-Nov-2004 184,500.00 183,093.08
Group 1 7000118899 OR 80.00 01-Nov-2004 110,400.00 109,582.27
Group 1 7000118965 CA 75.00 01-Dec-2004 330,000.00 327,961.70
Group 1 7000119076 CA 80.00 01-Nov-2004 356,000.00 355,941.29
Group 1 7000119173 CA 61.54 01-Dec-2004 160,000.00 158,774.79
Group 1 7000119313 FL 80.00 01-Dec-2004 260,000.00 258,242.78
Group 1 7000119439 WA 80.00 01-Dec-2004 112,800.00 112,115.41
Group 1 7000119713 CA 65.51 01-Dec-2004 160,500.00 159,386.84
Group 1 7000119916 CA 37.14 01-Dec-2004 195,000.00 193,861.72
Group 1 7000120101 CA 80.00 01-Dec-2004 184,000.00 182,861.14
Group 1 7000120750 CA 80.00 01-Dec-2004 292,000.00 291,941.65
Group 1 7000121287 MD 84.62 01-Dec-2004 110,000.00 109,351.92
Group 1 7000121743 CA 85.00 01-Dec-2004 191,250.00 191,250.00
Group 1 7000122087 VA 90.00 01-Dec-2004 126,000.00 125,053.33
Group 1 7000122376 WA 70.00 01-Dec-2004 154,000.00 153,136.66
Group 1 7000122953 MD 80.00 01-Jan-2005 158,400.00 157,510.45
Group 1 7000123534 CA 80.00 01-Jan-2005 304,000.00 304,000.00
Group 1 7000123694 CA 80.00 01-Jan-2005 248,800.00 247,483.79
Group 1 7000123789 CT 80.00 01-Jan-2005 168,000.00 167,153.68
Group 1 7000124016 CA 80.00 01-Jan-2005 235,221.00 235,221.00
Group 1 7000124303 CA 89.35 01-Jan-2005 246,600.00 246,600.00
Group 1 7000124744 CA 60.00 01-Jan-2005 159,000.00 158,115.79
Group 1 7000124776 CA 80.00 01-Jan-2005 348,000.00 345,761.70
Group 1 8000021818 NJ 80.00 01-Dec-2004 204,000.00 202,867.76
Group 1 8000023330 NY 80.00 01-Jan-2005 460,000.00 456,459.73
Group 1 8000024038 NJ 90.00 01-Dec-2004 171,000.00 168,576.53
Group 1 8000024093 NJ 88.04 01-Dec-2004 283,500.00 283,500.00
Group 1 8000024192 NY 53.60 01-Dec-2004 335,000.00 332,713.82
Group 1 8000024322 NJ 85.00 01-Dec-2004 348,500.00 346,641.76
Group 1 8000024531 NY 79.17 01-Dec-2004 285,000.00 283,568.27
Group 1 8000024564 NJ 95.00 01-Dec-2004 213,750.00 212,632.91
Group 1 8000024689 MA 80.00 01-Dec-2004 324,000.00 321,298.97
Group 1 8000024917 NJ 60.92 01-Jan-2005 265,000.00 263,597.23
Group 1 8000025052 NJ 65.00 01-Dec-2004 136,500.00 136,097.83
Group 1 8000025439 CT 80.00 01-Dec-2004 126,400.00 124,822.67
Group 1 8000025786 NJ 90.00 01-Jan-2005 436,500.00 433,470.05
Group 1 8000025938 NJ 62.50 01-Jan-2005 150,000.00 149,123.35
Group 1 8000026028 NJ 80.00 01-Jan-2005 120,000.00 119,495.77
Group 1 8000026563 NJ 80.00 01-Jan-2005 214,400.00 213,526.39
Group 1 8000026911 NJ 71.57 01-Jan-2005 219,000.00 217,949.38
Group 1 8000028188 NJ 80.00 01-Jan-2005 306,400.00 304,825.52
Group 1 8000028303 NY 65.30 01-Jan-2005 207,000.00 205,957.24
Group 1 8000028638 NJ 84.99 01-Jan-2005 337,400.00 335,229.87
Group 1 8000029048 NJ 75.00 01-Jan-2005 262,500.00 261,657.63
Group 2 0000000561 CA 100.00 01-Sep-2004 63,504.00 63,226.03
Group 2 0000000840 FL 100.00 01-Oct-2004 27,000.00 26,869.18
Group 2 0000000985 CA 100.00 01-Nov-2004 35,800.00 35,677.27
Group 2 0000001044 AZ 99.65 01-Nov-2004 64,700.00 64,310.65
Group 2 0000001211 CA 100.00 01-Dec-2004 50,100.00 49,897.30
Group 2 0000001284 CA 100.00 01-Dec-2004 41,400.00 41,307.09
Group 2 0000001470 CA 100.00 01-Dec-2004 43,200.00 43,077.70
Group 2 0000001507 FL 38.70 01-Dec-2004 98,000.00 97,344.08
Group 2 0003238407 PA 100.00 12-May-2002 20,000.00 17,728.75
Group 2 0003550834 CA 100.00 01-Jan-2005 47,800.00 47,659.84
Group 2 0003700678 CA 100.00 01-Jan-2005 97,580.00 97,244.79
Group 2 0004074416 IA 100.00 01-Jun-2002 61,833.00 55,444.17
Group 2 0004452806 CO 100.00 01-Jan-2005 37,400.00 37,263.80
Group 2 0004601583 AZ 99.98 01-Jan-2005 30,700.00 30,621.27
Group 2 0004601624 AZ 99.99 01-Jan-2005 36,550.00 36,437.82
Group 2 0300099025 MD 56.88 18-Apr-2004 30,000.00 28,576.92
Group 2 1000197956 NC 95.00 01-Dec-2004 5,875.00 5,666.25
Group 2 1000199685 AZ 100.00 01-Dec-2004 26,800.00 26,535.77
Group 2 1000201420 MI 90.00 01-Dec-2004 135,000.00 134,287.37
Group 2 1000201834 NJ 100.00 01-Dec-2004 35,000.00 34,896.67
Group 2 1000202157 CA 100.00 01-Dec-2004 37,590.00 37,399.16
Group 2 1000202470 CA 100.00 01-Dec-2004 34,600.00 34,212.60
Group 2 1000202970 CA 100.00 01-Dec-2004 88,400.00 88,042.31
Group 2 1000203470 PA 100.00 01-Dec-2004 50,258.00 10,832.81
Group 2 1000203603 CA 80.00 01-Dec-2004 216,000.00 214,407.89
Group 2 1000203976 AZ 100.00 01-Dec-2004 38,323.00 38,210.10
Group 2 1000211115 MD 100.00 01-Jan-2005 27,000.00 26,904.73
Group 2 1000211136 CA 100.00 01-Jan-2005 87,138.00 86,788.36
Group 2 4303004235 NY 100.00 01-Jul-2004 83,800.00 83,293.28
Group 2 4303004242 CA 90.00 01-Jun-2004 46,000.00 45,630.50
Group 2 4303004585 NV 100.00 01-Jul-2004 51,600.00 51,449.66
Group 2 4303004830 NY 100.00 01-Jul-2004 69,000.00 68,537.20
Group 2 4303005129 IN 100.00 01-Jul-2004 25,000.00 23,298.18
Group 2 4303005478 CA 85.00 01-Jul-2004 74,250.00 73,624.31
Group 2 4303005487 CA 90.00 01-Jul-2004 156,000.00 155,235.81
Group 2 4303005820 CA 100.00 01-Feb-2004 117,000.00 115,643.95
Group 2 4303005994 CA 99.74 01-Aug-2004 82,900.00 81,201.75
Group 2 4303006039 CA 100.00 01-Sep-2004 59,000.00 58,589.24
Group 2 4303006666 CA 85.00 01-Aug-2004 75,000.00 74,418.66
Group 2 4303006866 NY 100.00 01-Oct-2004 98,000.00 97,292.75
Group 2 4303007594 CA 90.00 01-Nov-2004 168,000.00 167,213.36
Group 2 5000116750 WA 100.00 01-Dec-2004 33,200.00 32,723.07
Group 2 5000120762 NY 100.00 01-Dec-2004 92,000.00 91,618.00
Group 2 5000125010 CO 100.00 01-Jan-2005 53,541.00 53,403.33
Group 2 6000114564 FL 90.00 01-Dec-2004 225,000.00 223,551.63
Group 2 6000119014 NJ 100.00 01-Jan-2005 51,000.00 50,879.93
Group 2 6000120041 FL 100.00 01-Jan-2005 50,980.00 50,582.96
Group 2 6000120752 FL 100.00 01-Dec-2004 16,300.00 16,016.96
Group 2 6000121634 FL 95.00 01-Dec-2004 12,750.00 12,548.04
Group 2 6000122649 FL 100.00 01-Dec-2004 11,500.00 11,382.79
Group 2 6000123007 FL 85.00 01-Jan-2005 131,750.00 131,038.60
Group 2 6000123749 NY 36.72 01-Jan-2005 336,000.00 333,859.54
Group 2 7000117545 CA 100.00 01-Dec-2004 34,700.00 34,409.35
Group 2 7000119605 WA 100.00 01-Dec-2004 28,200.00 28,121.26
Group 2 7000120103 CA 100.00 01-Dec-2004 46,000.00 45,868.08
Group 2 7000120244 CA 100.00 01-Dec-2004 39,000.00 38,915.30
Group 2 7000120340 CT 100.00 01-Jan-2005 30,400.00 30,321.99
Group 2 7000120757 CA 90.00 01-Dec-2004 36,500.00 36,292.64
Group 2 7000121569 CA 67.92 01-Dec-2004 117,500.00 116,786.06
Group 2 7000122287 VA 100.00 01-Dec-2004 14,000.00 13,859.70
Group 2 7000122636 FL 100.00 01-Jan-2005 66,000.00 65,795.85
Group 2 7000123049 MD 100.00 01-Jan-2005 39,600.00 39,495.60
Group 2 7000124037 CA 100.00 01-Jan-2005 58,806.00 58,642.44
Group 2 7000125882 CA 90.00 01-Jan-2005 182,700.00 181,105.77
Group 2 8000025462 CT 100.00 01-Dec-2004 31,600.00 31,506.86
Group 2 8000025876 NY 70.00 01-Jan-2005 434,000.00 431,797.13
Group 2 8000027384 NY 95.00 01-Jan-2005 5,550.00 5,378.33
Group 2 8000028118 NJ 95.00 01-Jan-2005 24,250.00 23,874.82
Group 3 0000000859 NY 80.00 01-Nov-2004 364,000.00 361,251.18
Group 3 0000000988 NV 90.00 01-Nov-2004 389,880.00 387,579.93
Group 3 0000001273 CA 80.08 01-Jan-2005 425,250.00 425,250.00
Group 3 0000002069 CA 95.00 01-Dec-2004 394,763.00 394,763.00
Group 3 1000199865 CA 80.00 01-Dec-2004 488,000.00 488,000.00
Group 3 1000202109 CA 80.00 01-Dec-2004 480,000.00 476,253.91
Group 3 1000203078 CA 90.00 01-Jan-2005 549,000.00 546,093.88
Group 3 1000206704 CA 85.00 01-Jan-2005 391,000.00 388,331.81
Group 3 1000206941 CA 90.00 01-Jan-2005 495,000.00 491,563.95
Group 3 1000207715 CA 80.00 01-Jan-2005 527,200.00 524,463.97
Group 3 5000117807 MD 80.00 01-Dec-2004 400,000.00 397,135.36
Group 3 5000121151 NY 85.00 01-Dec-2004 391,000.00 388,627.15
Group 3 7000121930 CA 80.00 01-Jan-2005 448,000.00 445,090.77
Group 3 7000122548 CA 80.00 01-Jan-2005 360,000.00 360,000.00
Group 3 8000025346 MA 100.00 01-Dec-2004 584,447.00 581,070.53
Group 4 1000199177 CA 100.00 01-Dec-2004 77,000.00 76,772.67
Group 4 1000199726 CA 100.00 01-Dec-2004 76,000.00 75,834.17
Group 4 1000199885 CA 100.00 01-Dec-2004 122,000.00 121,677.38
Group 4 1000202233 CA 100.00 01-Dec-2004 120,000.00 119,616.93
Group 4 1000202910 CA 100.00 01-Dec-2004 68,000.00 67,788.65
Group 4 1000207828 CA 100.00 01-Jan-2005 131,800.00 131,527.91
Group 4 1000210426 CA 100.00 01-Jan-2005 140,000.00 139,503.23
Group 4 5000121168 NY 90.00 01-Dec-2004 23,000.00 22,651.95
Group 4 7000121990 CA 100.00 01-Jan-2005 112,000.00 111,625.15
Group 4 7000122873 CA 100.00 01-Jan-2005 104,000.00 103,662.74
Group 4 7000124610 CA 100.00 01-Jan-2005 82,250.00 11,038.08
Group 4 8000023362 NY 95.00 01-Jan-2005 86,250.00 85,945.87
Group 4 8000025476 NJ 90.00 01-Dec-2004 20,500.00 20,175.32
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>
Group 1 0000000560 Loan Paid in Full 0 5.500% 360 10
Group 1 0000000879 Loan Paid in Full 0 8.250% 360 9
Group 1 0000000919 Loan Paid in Full 0 7.375% 360 8
Group 1 0000000981 Loan Paid in Full 0 9.000% 360 8
Group 1 0000000984 Loan Paid in Full 0 5.750% 360 8
Group 1 0000001043 Loan Paid in Full 0 6.375% 360 8
Group 1 0000001072 Loan Paid in Full 0 8.625% 360 8
Group 1 0000001210 Loan Paid in Full 0 6.125% 360 7
Group 1 0000001265 Loan Paid in Full 0 8.125% 360 8
Group 1 0000001283 Loan Paid in Full 0 7.500% 360 7
Group 1 0000001352 Loan Paid in Full 0 7.375% 360 6
Group 1 0000001366 Loan Paid in Full 0 8.500% 360 7
Group 1 0000001469 Loan Paid in Full 0 6.625% 360 7
Group 1 0002057377 Loan Paid in Full (1) 8.790% 360 8
Group 1 0003550833 Loan Paid in Full 1 7.250% 360 6
Group 1 0003859235 Loan Paid in Full 0 6.750% 360 6
Group 1 0003859503 Loan Paid in Full (1) 7.125% 360 6
Group 1 0004601620 Loan Paid in Full 0 6.625% 360 6
Group 1 0021026586 Loan Paid in Full 0 8.125% 360 6
Group 1 0021029248 Loan Paid in Full 0 7.750% 360 5
Group 1 0110500204 Loan Paid in Full (1) 9.800% 360 6
Group 1 0111400001 Loan Paid in Full 0 7.950% 360 6
Group 1 0111600008 Loan Paid in Full 0 6.000% 360 6
Group 1 0111800742 Loan Paid in Full 0 6.850% 360 6
Group 1 1000188299 Loan Paid in Full 0 7.990% 360 10
Group 1 1000197485 Loan Paid in Full (1) 6.750% 360 7
Group 1 1000197604 Loan Paid in Full 0 8.150% 360 7
Group 1 1000198509 Loan Paid in Full 0 6.490% 360 7
Group 1 1000199165 Loan Paid in Full (1) 7.550% 360 7
Group 1 1000199386 Loan Paid in Full (1) 6.000% 360 7
Group 1 1000199609 Loan Paid in Full 0 7.150% 360 7
Group 1 1000199674 Loan Paid in Full 0 6.700% 360 7
Group 1 1000200136 Loan Paid in Full (1) 6.990% 360 7
Group 1 1000200150 Loan Paid in Full (1) 6.350% 360 7
Group 1 1000200466 Loan Paid in Full (1) 7.700% 360 7
Group 1 1000201226 Loan Paid in Full (1) 6.400% 360 7
Group 1 1000201680 Loan Paid in Full 0 7.600% 360 7
Group 1 1000201684 Loan Paid in Full 0 7.490% 360 7
Group 1 1000202129 Loan Paid in Full (1) 5.250% 360 7
Group 1 1000202301 Loan Paid in Full (1) 6.990% 360 7
Group 1 1000202394 Loan Paid in Full 0 6.600% 360 7
Group 1 1000202842 Loan Paid in Full 1 8.990% 360 6
Group 1 1000202899 Loan Paid in Full (1) 7.450% 360 6
Group 1 1000202903 Loan Paid in Full (1) 6.750% 360 7
Group 1 1000203619 Loan Paid in Full (1) 6.900% 360 7
Group 1 1000204898 Loan Paid in Full 0 5.200% 360 7
Group 1 1000205482 Loan Paid in Full (1) 6.250% 360 6
Group 1 1000205680 Loan Paid in Full 0 6.200% 360 6
Group 1 1000206210 Loan Paid in Full 1 9.200% 360 6
Group 1 1000207050 Loan Paid in Full 0 8.500% 360 6
Group 1 1000207104 Loan Paid in Full 0 8.750% 360 6
Group 1 1000207608 Loan Paid in Full 0 7.700% 360 6
Group 1 1000208813 Loan Paid in Full (1) 6.750% 360 6
Group 1 1000208985 Loan Paid in Full 0 6.990% 360 6
Group 1 1000209555 Loan Paid in Full (1) 5.750% 360 6
Group 1 1000210176 Loan Paid in Full 0 7.250% 360 6
Group 1 1000210202 Loan Paid in Full (1) 5.800% 360 6
Group 1 1000210255 Loan Paid in Full (1) 5.400% 360 6
Group 1 1000210590 Loan Paid in Full (1) 6.125% 360 6
Group 1 1000211018 Loan Paid in Full (1) 6.300% 360 6
Group 1 1000211557 Loan Paid in Full (1) 6.250% 360 6
Group 1 5000116122 Loan Paid in Full 3 8.050% 360 7
Group 1 5000116437 Loan Paid in Full (1) 7.250% 360 7
Group 1 5000116611 Loan Paid in Full (1) 5.990% 360 7
Group 1 5000117917 Loan Paid in Full 1 8.350% 360 7
Group 1 5000118561 Loan Paid in Full (1) 6.100% 360 7
Group 1 5000118574 Loan Paid in Full 0 7.350% 360 7
Group 1 5000119034 Loan Paid in Full 3 6.500% 360 7
Group 1 5000119265 Loan Paid in Full (1) 7.950% 360 7
Group 1 5000119558 Loan Paid in Full 0 6.850% 360 7
Group 1 5000120449 Loan Paid in Full 3 6.550% 360 7
Group 1 5000120697 Loan Paid in Full 0 7.460% 360 7
Group 1 5000121351 Loan Paid in Full (1) 6.990% 360 6
Group 1 5000122118 Loan Paid in Full (1) 8.950% 360 6
Group 1 5000123822 Loan Paid in Full 0 9.250% 360 6
Group 1 5000124592 Loan Paid in Full (1) 5.990% 360 6
Group 1 6000118715 Loan Paid in Full 0 8.650% 360 7
Group 1 6000119688 Loan Paid in Full (1) 7.800% 360 7
Group 1 6000120324 Loan Paid in Full (1) 8.150% 360 6
Group 1 6000120498 Loan Paid in Full 2 7.900% 360 7
Group 1 6000120519 Loan Paid in Full 0 8.950% 360 7
Group 1 6000120745 Loan Paid in Full 3 8.200% 360 7
Group 1 6000120773 Loan Paid in Full 0 9.200% 360 7
Group 1 6000120989 Loan Paid in Full 0 6.325% 360 7
Group 1 6000121283 Loan Paid in Full 0 7.200% 360 7
Group 1 6000121600 Loan Paid in Full 0 7.050% 360 7
Group 1 6000122001 Loan Paid in Full 0 4.990% 360 7
Group 1 6000123174 Loan Paid in Full 3 8.450% 360 7
Group 1 6000123181 Loan Paid in Full 0 8.900% 360 7
Group 1 6000123479 Loan Paid in Full (1) 6.900% 360 7
Group 1 6000124559 Loan Paid in Full 0 8.500% 360 6
Group 1 6000124993 Loan Paid in Full 0 6.700% 360 6
Group 1 6000126711 Loan Paid in Full 0 7.050% 360 6
Group 1 6000126983 Loan Paid in Full 1 7.750% 360 6
Group 1 7000113306 Loan Paid in Full (1) 6.550% 360 7
Group 1 7000115372 Loan Paid in Full 0 9.450% 360 8
Group 1 7000116378 Loan Paid in Full (1) 4.990% 360 7
Group 1 7000117329 Loan Paid in Full 0 6.650% 360 6
Group 1 7000117538 Loan Paid in Full (1) 7.590% 360 7
Group 1 7000118260 Loan Paid in Full 3 10.800% 360 7
Group 1 7000118805 Loan Paid in Full 0 6.950% 360 8
Group 1 7000118899 Loan Paid in Full 3 7.100% 360 8
Group 1 7000118965 Loan Paid in Full (1) 7.450% 360 7
Group 1 7000119076 Loan Paid in Full (1) 5.990% 360 8
Group 1 7000119173 Loan Paid in Full 0 6.300% 360 7
Group 1 7000119313 Loan Paid in Full 0 6.950% 360 7
Group 1 7000119439 Loan Paid in Full 0 7.500% 360 7
Group 1 7000119713 Loan Paid in Full 0 7.650% 360 7
Group 1 7000119916 Loan Paid in Full 0 7.700% 360 7
Group 1 7000120101 Loan Paid in Full (1) 7.400% 360 7
Group 1 7000120750 Loan Paid in Full 0 5.690% 360 7
Group 1 7000121287 Loan Paid in Full (1) 7.650% 360 7
Group 1 7000121743 Loan Paid in Full 0 7.990% 360 7
Group 1 7000122087 Loan Paid in Full (1) 6.400% 360 7
Group 1 7000122376 Loan Paid in Full 0 7.900% 360 7
Group 1 7000122953 Loan Paid in Full (1) 7.200% 360 6
Group 1 7000123534 Loan Paid in Full 0 5.425% 360 6
Group 1 7000123694 Loan Paid in Full 1 7.950% 360 6
Group 1 7000123789 Loan Paid in Full 0 7.750% 360 6
Group 1 7000124016 Loan Paid in Full 0 5.650% 360 6
Group 1 7000124303 Loan Paid in Full 0 6.950% 360 6
Group 1 7000124744 Loan Paid in Full 0 7.250% 360 6
Group 1 7000124776 Loan Paid in Full 0 6.500% 360 6
Group 1 8000021818 Loan Paid in Full (1) 7.950% 360 7
Group 1 8000023330 Loan Paid in Full 0 5.550% 360 6
Group 1 8000024038 Loan Paid in Full (1) 7.200% 360 7
Group 1 8000024093 Loan Paid in Full 3 6.700% 360 7
Group 1 8000024192 Loan Paid in Full (1) 6.900% 360 7
Group 1 8000024322 Loan Paid in Full 3 8.150% 360 7
Group 1 8000024531 Loan Paid in Full 1 8.450% 360 7
Group 1 8000024564 Loan Paid in Full 0 8.250% 360 7
Group 1 8000024689 Loan Paid in Full 2 5.850% 360 7
Group 1 8000024917 Loan Paid in Full (1) 7.500% 360 6
Group 1 8000025052 Loan Paid in Full 1 11.000% 360 7
Group 1 8000025439 Loan Paid in Full 0 7.030% 360 7
Group 1 8000025786 Loan Paid in Full (1) 6.100% 360 6
Group 1 8000025938 Loan Paid in Full (1) 7.050% 360 6
Group 1 8000026028 Loan Paid in Full (1) 8.650% 360 6
Group 1 8000026563 Loan Paid in Full 0 8.800% 360 6
Group 1 8000026911 Loan Paid in Full (1) 8.000% 360 6
Group 1 8000028188 Loan Paid in Full (1) 7.650% 360 6
Group 1 8000028303 Loan Paid in Full 0 7.750% 360 6
Group 1 8000028638 Loan Paid in Full 0 6.500% 360 6
Group 1 8000029048 Loan Paid in Full 0 9.950% 360 6
Group 2 0000000561 Loan Paid in Full 0 9.500% 180 10
Group 2 0000000840 Loan Paid in Full 0 9.750% 180 9
Group 2 0000000985 Loan Paid in Full 0 11.250% 180 8
Group 2 0000001044 Loan Paid in Full 0 8.875% 180 8
Group 2 0000001211 Loan Paid in Full 0 9.500% 180 7
Group 2 0000001284 Loan Paid in Full 1 12.250% 180 7
Group 2 0000001470 Loan Paid in Full 0 11.250% 180 7
Group 2 0000001507 Loan Paid in Full 0 7.000% 360 7
Group 2 0003238407 Loan Paid in Full 0 10.650% 180 38
Group 2 0003550834 Loan Paid in Full 0 10.375% 360 6
Group 2 0003700678 Loan Paid in Full (1) 9.625% 360 6
Group 2 0004074416 Loan Paid in Full 0 10.500% 180 37
Group 2 0004452806 Loan Paid in Full 0 10.000% 360 6
Group 2 0004601583 Loan Paid in Full (1) 11.000% 180 6
Group 2 0004601624 Loan Paid in Full (1) 11.000% 180 6
Group 2 0300099025 Loan Paid in Full 0 7.475% 180 14
Group 2 1000197956 Loan Paid in Full (1) 12.250% 120 7
Group 2 1000199685 Loan Paid in Full (1) 10.750% 240 7
Group 2 1000201420 Loan Paid in Full (1) 8.200% 360 7
Group 2 1000201834 Loan Paid in Full 0 10.990% 360 7
Group 2 1000202157 Loan Paid in Full (1) 8.875% 360 7
Group 2 1000202470 Loan Paid in Full 0 9.750% 240 7
Group 2 1000202970 Loan Paid in Full 0 9.500% 360 7
Group 2 1000203470 Loan Paid in Full (4) 12.250% 360 7
Group 2 1000203603 Loan Paid in Full 0 6.500% 360 7
Group 2 1000203976 Loan Paid in Full (1) 11.000% 360 7
Group 2 1000211115 Loan Paid in Full (1) 9.500% 360 6
Group 2 1000211136 Loan Paid in Full (1) 8.875% 360 6
Group 2 4303004235 Loan Paid in Full (1) 10.000% 360 12
Group 2 4303004242 Loan Paid in Full (1) 9.000% 180 13
Group 2 4303004585 Loan Paid in Full 0 13.000% 180 12
Group 2 4303004830 Loan Paid in Full 0 9.500% 360 12
Group 2 4303005129 Loan Paid in Full (3) 11.000% 360 12
Group 2 4303005478 Loan Paid in Full (1) 8.375% 180 12
Group 2 4303005487 Loan Paid in Full (1) 11.000% 180 12
Group 2 4303005820 Loan Paid in Full 0 8.500% 360 17
Group 2 4303005994 Loan Paid in Full (1) 8.990% 240 11
Group 2 4303006039 Loan Paid in Full 0 9.375% 180 10
Group 2 4303006666 Loan Paid in Full 0 8.375% 180 11
Group 2 4303006866 Loan Paid in Full (1) 8.500% 360 9
Group 2 4303007594 Loan Paid in Full (1) 9.875% 180 8
Group 2 5000116750 Loan Paid in Full (1) 8.290% 360 7
Group 2 5000120762 Loan Paid in Full 3 9.375% 360 7
Group 2 5000125010 Loan Paid in Full 0 10.990% 360 6
Group 2 6000114564 Loan Paid in Full (1) 7.200% 360 7
Group 2 6000119014 Loan Paid in Full 0 11.400% 360 6
Group 2 6000120041 Loan Paid in Full (1) 11.500% 240 6
Group 2 6000120752 Loan Paid in Full 3 11.500% 180 7
Group 2 6000121634 Loan Paid in Full 0 12.500% 180 7
Group 2 6000122649 Loan Paid in Full 0 11.000% 240 7
Group 2 6000123007 Loan Paid in Full 0 7.400% 360 6
Group 2 6000123749 Loan Paid in Full (1) 6.550% 360 6
Group 2 7000117545 Loan Paid in Full (1) 11.990% 360 7
Group 2 7000119605 Loan Paid in Full (1) 11.250% 360 7
Group 2 7000120103 Loan Paid in Full (1) 11.125% 360 7
Group 2 7000120244 Loan Paid in Full 0 12.400% 360 7
Group 2 7000120340 Loan Paid in Full (1) 11.000% 360 6
Group 2 7000120757 Loan Paid in Full (1) 8.250% 360 7
Group 2 7000121569 Loan Paid in Full (1) 7.500% 360 7
Group 2 7000122287 Loan Paid in Full (1) 10.625% 240 7
Group 2 7000122636 Loan Paid in Full 0 10.125% 360 6
Group 2 7000123049 Loan Paid in Full (1) 10.875% 360 6
Group 2 7000124037 Loan Paid in Full 0 10.625% 360 6
Group 2 7000125882 Loan Paid in Full (2) 6.990% 360 6
Group 2 8000025462 Loan Paid in Full 0 11.000% 360 7
Group 2 8000025876 Loan Paid in Full (1) 8.150% 360 6
Group 2 8000027384 Loan Paid in Full (1) 12.250% 120 6
Group 2 8000028118 Loan Paid in Full (1) 11.250% 180 6
Group 3 0000000859 Loan Paid in Full 0 7.000% 360 8
Group 3 0000000988 Loan Paid in Full 0 8.250% 360 8
Group 3 0000001273 Loan Paid in Full 0 6.875% 360 6
Group 3 0000002069 Loan Paid in Full 0 7.625% 360 7
Group 3 1000199865 Loan Paid in Full 0 6.350% 360 7
Group 3 1000202109 Loan Paid in Full 2 6.200% 360 7
Group 3 1000203078 Loan Paid in Full 0 7.500% 360 6
Group 3 1000206704 Loan Paid in Full 0 6.190% 360 6
Group 3 1000206941 Loan Paid in Full 0 6.100% 360 6
Group 3 1000207715 Loan Paid in Full (1) 7.600% 360 6
Group 3 5000117807 Loan Paid in Full 3 6.650% 360 7
Group 3 5000121151 Loan Paid in Full 3 7.500% 360 7
Group 3 7000121930 Loan Paid in Full (1) 6.450% 360 6
Group 3 7000122548 Loan Paid in Full 0 6.150% 360 6
Group 3 8000025346 Loan Paid in Full 0 7.750% 360 7
Group 4 1000199177 Loan Paid in Full 0 10.990% 360 7
Group 4 1000199726 Loan Paid in Full 0 12.500% 360 7
Group 4 1000199885 Loan Paid in Full 0 11.500% 360 7
Group 4 1000202233 Loan Paid in Full 2 10.625% 360 7
Group 4 1000202910 Loan Paid in Full (1) 10.750% 360 7
Group 4 1000207828 Loan Paid in Full (1) 11.999% 360 6
Group 4 1000210426 Loan Paid in Full 0 9.470% 360 6
Group 4 5000121168 Loan Paid in Full 3 12.990% 180 7
Group 4 7000121990 Loan Paid in Full (1) 9.750% 360 6
Group 4 7000122873 Loan Paid in Full (1) 9.900% 360 6
Group 4 7000124610 Loan Paid in Full 0 10.990% 360 6
Group 4 8000023362 Loan Paid in Full 0 9.500% 360 6
Group 4 8000025476 Loan Paid in Full 3 12.500% 180 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.049% Current Month 31.037% Current Month 2,333.148%
3 Month Average 2.697% 3 Month Average 27.875% 3 Month Average 2,467.265%
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 4.556% N/A Feb-2005 1,352.692% N/A
Mar-2005 13.548% N/A Mar-2005 2,531.312% N/A
Apr-2005 16.778% N/A Apr-2005 2,285.517% N/A
May-2005 22.318% N/A May-2005 2,393.499% N/A
Jun-2005 30.270% N/A Jun-2005 2,675.148% N/A
Jul-2005 31.037% N/A Jul-2005 2,333.148% 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.
Group 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.418% Current Month 34.124% Current Month 2,580.451%
3 Month Average 2.786% 3 Month Average 28.581% 3 Month Average 2,529.003%
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 4.752% N/A Feb-2005 1,456.676% N/A
Mar-2005 13.648% N/A Mar-2005 2,597.209% N/A
Apr-2005 19.164% N/A Apr-2005 2,642.095% N/A
May-2005 21.402% N/A May-2005 2,316.028% N/A
Jun-2005 30.216% N/A Jun-2005 2,690.531% N/A
Jul-2005 34.124% N/A Jul-2005 2,580.451% 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.
Group 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.706% Current Month 28.048% Current Month 1,977.824%
3 Month Average 2.084% 3 Month Average 22.179% 3 Month Average 1,788.634%
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 3.612% N/A Feb-2005 814.145% N/A
Mar-2005 14.313% N/A Mar-2005 2,249.856% N/A
Apr-2005 13.319% N/A Apr-2005 1,606.582% N/A
May-2005 15.516% N/A May-2005 1,511.489% N/A
Jun-2005 22.974% N/A Jun-2005 1,876.590% N/A
Jul-2005 28.048% N/A Jul-2005 1,977.824% 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.
Group 3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.305% Current Month 24.406% Current Month 1,882.688%
3 Month Average 2.889% 3 Month Average 29.488% 3 Month Average 2,761.901%
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 4.379% N/A Feb-2005 1,450.779% N/A
Mar-2005 13.955% N/A Mar-2005 2,784.229% N/A
Apr-2005 13.863% N/A Apr-2005 1,979.972% N/A
May-2005 27.811% N/A May-2005 3,098.943% N/A
Jun-2005 36.247% N/A Jun-2005 3,304.073% N/A
Jul-2005 24.406% N/A Jul-2005 1,882.688% 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.
Group 4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.068% Current Month 22.174% Current Month 1,644.137%
3 Month Average 2.189% 3 Month Average 23.250% 3 Month Average 2,099.922%
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 5.371% N/A Feb-2005 1,525.828% N/A
Mar-2005 6.685% N/A Mar-2005 1,215.109% N/A
Apr-2005 1.887% N/A Apr-2005 251.070% N/A
May-2005 27.900% N/A May-2005 2,941.144% N/A
Jun-2005 19.675% N/A Jun-2005 1,714.484% N/A
Jul-2005 22.174% N/A Jul-2005 1,644.137% 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>
Group 1 0 0.00 0.00 0.000%
Group 2 0 0.00 0.00 0.000%
Group 3 0 0.00 0.00 0.000%
Group 4 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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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.
Group 1
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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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.
Group 2
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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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.
Group 3
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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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.
Group 4
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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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>