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): August 25, 2005
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Loan Pass-Through Certificates, Series 2005-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-28
Pooling and Servicing Agreement) (Commission 54-2179613
(State or other File Number) 54-2179614
jurisdiction 54-2179615
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 August 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Loan Pass-Through Certificates, Series 2005-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Loan Pass-Through Certificates,
Series 2005-7 Trust, relating to the
August 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 ALTERNATIVE LOAN TRUST
Mortgage Loan Pass-Through Certificates, Series 2005-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 8/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Loan Pass-Through Certificates, Series 2005-7 Trust,
relating to the August 25, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Loan Pass-Through Certificates
Record Date: 7/29/2005
Distribution Date: 8/25/2005
Banc of America Alternative Loan Trust
Mortgage Loan Pass-Through Certificates
Series 2005-7
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>
CB1 05948KH36 SEN 5.50000% 19,277,000.00 88,352.92
CB2 05948KH44 SEN 5.00000% 123,372,000.00 514,050.00
CB3 05948KH51 SEN 3.65000% 30,843,000.00 93,814.13
CB4IO 05948KH69 SEN 3.85000% 0.00 98,954.63
CB5 05948KH77 SEN 5.50000% 11,087,000.00 50,815.42
CBR 05948KH85 SEN 5.50000% 100.00 7.69
2CB1 05948KH93 SEN 6.00000% 103,936,000.00 519,680.00
3CB1 05948KJ26 SEN 6.00000% 70,951,000.00 354,755.00
CBIO 05948KJ34 SEN 5.50000% 0.00 55,992.29
CBPO 05948KJ42 PO 0.00000% 744,414.00 0.00
B1 05948KJ59 SUB 5.74286% 5,998,000.00 28,704.73
B2 05948KJ67 SUB 5.74286% 2,811,000.00 13,452.65
B3 05948KJ75 SUB 5.74286% 2,249,000.00 10,763.08
B4 05948KJ83 SUB 5.74286% 1,312,000.00 6,278.86
B5 05948KJ91 SUB 5.74286% 1,312,000.00 6,278.86
B6 05948KK24 SUB 5.74286% 937,384.00 4,486.05
RL BAA0505RL SEN 0.00000% 0.00 0.00
RM BAA0505RM SEN 0.00000% 0.00 0.00
Totals 374,829,898.00 1,846,386.31
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB1 0.00 0.00 19,277,000.00 88,352.92 0.00
CB2 431,677.20 0.00 122,940,322.80 945,727.20 0.00
CB3 107,919.30 0.00 30,735,080.70 201,733.43 0.00
CB4IO 0.00 0.00 0.00 98,954.63 0.00
CB5 0.00 0.00 11,087,000.00 50,815.42 0.00
CBR 100.00 0.00 0.00 107.69 0.00
2CB1 903,348.61 0.00 103,032,651.39 1,423,028.61 0.00
3CB1 864,286.95 0.00 70,086,713.05 1,219,041.95 0.00
CBIO 0.00 0.00 0.00 55,992.29 0.00
CBPO 8,941.45 0.00 735,472.55 8,941.45 0.00
B1 5,838.71 0.00 5,992,161.29 34,543.44 0.00
B2 2,736.35 0.00 2,808,263.65 16,189.00 0.00
B3 2,189.27 0.00 2,246,810.73 12,952.35 0.00
B4 1,277.16 0.00 1,310,722.84 7,556.02 0.00
B5 1,277.16 0.00 1,310,722.84 7,556.02 0.00
B6 912.49 0.00 936,471.51 5,398.54 0.00
RL 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00
Totals 2,330,504.65 0.00 372,499,393.35 4,176,890.96 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>
CB1 19,277,000.00 19,277,000.00 0.00 0.00 0.00 0.00
CB2 123,372,000.00 123,372,000.00 150,320.51 281,356.69 0.00 0.00
CB3 30,843,000.00 30,843,000.00 37,580.13 70,339.17 0.00 0.00
CB4IO 0.00 0.00 0.00 0.00 0.00 0.00
CB5 11,087,000.00 11,087,000.00 0.00 0.00 0.00 0.00
CBR 100.00 100.00 34.82 65.18 0.00 0.00
2CB1 103,936,000.00 103,936,000.00 95,398.64 807,949.96 0.00 0.00
3CB1 70,951,000.00 70,951,000.00 66,558.82 797,728.14 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
CBPO 744,414.00 744,414.00 810.06 8,131.39 0.00 0.00
B1 5,998,000.00 5,998,000.00 5,838.71 0.00 0.00 0.00
B2 2,811,000.00 2,811,000.00 2,736.35 0.00 0.00 0.00
B3 2,249,000.00 2,249,000.00 2,189.27 0.00 0.00 0.00
B4 1,312,000.00 1,312,000.00 1,277.16 0.00 0.00 0.00
B5 1,312,000.00 1,312,000.00 1,277.16 0.00 0.00 0.00
B6 937,384.00 937,384.00 912.49 0.00 0.00 0.00
RL 0.00 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00 0.00
Totals 374,829,898.00 374,829,898.00 364,934.12 1,965,570.53 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>
CB1 0.00 19,277,000.00 1.00000000 0.00
CB2 431,677.20 122,940,322.80 0.99650101 431,677.20
CB3 107,919.30 30,735,080.70 0.99650101 107,919.30
CB4IO 0.00 0.00 0.00000000 0.00
CB5 0.00 11,087,000.00 1.00000000 0.00
CBR 100.00 0.00 0.00000000 100.00
2CB1 903,348.61 103,032,651.39 0.99130861 903,348.61
3CB1 864,286.95 70,086,713.05 0.98781854 864,286.95
CBIO 0.00 0.00 0.00000000 0.00
CBPO 8,941.45 735,472.55 0.98798861 8,941.45
B1 5,838.71 5,992,161.29 0.99902656 5,838.71
B2 2,736.35 2,808,263.65 0.99902656 2,736.35
B3 2,189.27 2,246,810.73 0.99902656 2,189.27
B4 1,277.16 1,310,722.84 0.99902655 1,277.16
B5 1,277.16 1,310,722.84 0.99902655 1,277.16
B6 912.49 936,471.51 0.99902656 912.49
RL 0.00 0.00 0.00000000 0.00
RM 0.00 0.00 0.00000000 0.00
Totals 2,330,504.65 372,499,393.35 0.99378250 2,330,504.65
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>
CB1 19,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB2 123,372,000.00 1000.00000000 1.21843295 2.28055547 0.00000000
CB3 30,843,000.00 1000.00000000 1.21843303 2.28055539 0.00000000
CB4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB5 11,087,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBR 100.00 1000.00000000 348.20000000 651.80000000 0.00000000
2CB1 103,936,000.00 1000.00000000 0.91785945 7.77353333 0.00000000
3CB1 70,951,000.00 1000.00000000 0.93809559 11.24336711 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CBPO 744,414.00 1000.00000000 1.08818480 10.92320940 0.00000000
B1 5,998,000.00 1000.00000000 0.97344281 0.00000000 0.00000000
B2 2,811,000.00 1000.00000000 0.97344361 0.00000000 0.00000000
B3 2,249,000.00 1000.00000000 0.97344153 0.00000000 0.00000000
B4 1,312,000.00 1000.00000000 0.97344512 0.00000000 0.00000000
B5 1,312,000.00 1000.00000000 0.97344512 0.00000000 0.00000000
B6 937,384.00 1000.00000000 0.97344311 0.00000000 0.00000000
RL 0.00 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
2) All classes are per 1,000 dollar 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>
CB1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB2 0.00000000 3.49898843 996.50101157 0.99650101 3.49898843
CB3 0.00000000 3.49898843 996.50101157 0.99650101 3.49898843
CB4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2CB1 0.00000000 8.69139288 991.30860712 0.99130861 8.69139288
3CB1 0.00000000 12.18146256 987.81853744 0.98781854 12.18146256
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CBPO 0.00000000 12.01139420 987.98860580 0.98798861 12.01139420
B1 0.00000000 0.97344281 999.02655719 0.99902656 0.97344281
B2 0.00000000 0.97344361 999.02655639 0.99902656 0.97344361
B3 0.00000000 0.97344153 999.02655847 0.99902656 0.97344153
B4 0.00000000 0.97344512 999.02655488 0.99902655 0.97344512
B5 0.00000000 0.97344512 999.02655488 0.99902655 0.97344512
B6 0.00000000 0.97344311 999.02655689 0.99902656 0.97344311
RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
RM 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>
CB1 19,277,000.00 5.50000% 19,277,000.00 88,352.92 0.00 0.00
CB2 123,372,000.00 5.00000% 123,372,000.00 514,050.00 0.00 0.00
CB3 30,843,000.00 3.65000% 30,843,000.00 93,814.13 0.00 0.00
CB4IO 0.00 3.85000% 30,843,000.00 98,954.63 0.00 0.00
CB5 11,087,000.00 5.50000% 11,087,000.00 50,815.42 0.00 0.00
CBR 100.00 5.50000% 100.00 0.46 0.00 0.00
2CB1 103,936,000.00 6.00000% 103,936,000.00 519,680.00 0.00 0.00
3CB1 70,951,000.00 6.00000% 70,951,000.00 354,755.00 0.00 0.00
CBIO 0.00 5.50000% 12,216,499.11 55,992.29 0.00 0.00
CBPO 744,414.00 0.00000% 744,414.00 0.00 0.00 0.00
B1 5,998,000.00 5.74286% 5,998,000.00 28,704.73 0.00 0.00
B2 2,811,000.00 5.74286% 2,811,000.00 13,452.65 0.00 0.00
B3 2,249,000.00 5.74286% 2,249,000.00 10,763.08 0.00 0.00
B4 1,312,000.00 5.74286% 1,312,000.00 6,278.86 0.00 0.00
B5 1,312,000.00 5.74286% 1,312,000.00 6,278.86 0.00 0.00
B6 937,384.00 5.74286% 937,384.00 4,486.05 0.00 0.00
RL 0.00 0.00000% 0.00 0.00 0.00 0.00
RM 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 374,829,898.00 1,846,379.08 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>
CB1 0.00 0.00 88,352.92 0.00 19,277,000.00
CB2 0.00 0.00 514,050.00 0.00 122,940,322.80
CB3 0.00 0.00 93,814.13 0.00 30,735,080.70
CB4IO 0.00 0.00 98,954.63 0.00 30,735,080.70
CB5 0.00 0.00 50,815.42 0.00 11,087,000.00
CBR 0.00 0.00 7.69 0.00 0.00
2CB1 0.00 0.00 519,680.00 0.00 103,032,651.39
3CB1 0.00 0.00 354,755.00 0.00 70,086,713.05
CBIO 0.00 0.00 55,992.29 0.00 12,105,042.95
CBPO 0.00 0.00 0.00 0.00 735,472.55
B1 0.00 0.00 28,704.73 0.00 5,992,161.29
B2 0.00 0.00 13,452.65 0.00 2,808,263.65
B3 0.00 0.00 10,763.08 0.00 2,246,810.73
B4 0.00 0.00 6,278.86 0.00 1,310,722.84
B5 0.00 0.00 6,278.86 0.00 1,310,722.84
B6 0.00 0.00 4,486.05 0.00 936,471.51
RL 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,846,386.31 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>
CB1 19,277,000.00 5.50000% 1000.00000000 4.58333351 0.00000000 0.00000000
CB2 123,372,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
CB3 30,843,000.00 3.65000% 1000.00000000 3.04166683 0.00000000 0.00000000
CB4IO 0.00 3.85000% 1000.00000000 3.20833350 0.00000000 0.00000000
CB5 11,087,000.00 5.50000% 1000.00000000 4.58333363 0.00000000 0.00000000
CBR 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
2CB1 103,936,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3CB1 70,951,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CBIO 0.00 5.50000% 1000.00000900 4.58333357 0.00000000 0.00000000
CBPO 744,414.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
B1 5,998,000.00 5.74286% 1000.00000000 4.78571691 0.00000000 0.00000000
B2 2,811,000.00 5.74286% 1000.00000000 4.78571683 0.00000000 0.00000000
B3 2,249,000.00 5.74286% 1000.00000000 4.78571810 0.00000000 0.00000000
B4 1,312,000.00 5.74286% 1000.00000000 4.78571646 0.00000000 0.00000000
B5 1,312,000.00 5.74286% 1000.00000000 4.78571646 0.00000000 0.00000000
B6 937,384.00 5.74286% 1000.00000000 4.78571215 0.00000000 0.00000000
RL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
5) All classes are per 1,000 dollar 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>
CB1 0.00000000 0.00000000 4.58333351 0.00000000 1000.00000000
CB2 0.00000000 0.00000000 4.16666667 0.00000000 996.50101157
CB3 0.00000000 0.00000000 3.04166683 0.00000000 996.50101157
CB4IO 0.00000000 0.00000000 3.20833350 0.00000000 996.50101157
CB5 0.00000000 0.00000000 4.58333363 0.00000000 1000.00000000
CBR 0.00000000 0.00000000 76.90000000 0.00000000 0.00000000
2CB1 0.00000000 0.00000000 5.00000000 0.00000000 991.30860712
3CB1 0.00000000 0.00000000 5.00000000 0.00000000 987.81853744
CBIO 0.00000000 0.00000000 4.58333357 0.00000000 990.87659648
CBPO 0.00000000 0.00000000 0.00000000 0.00000000 987.98860580
B1 0.00000000 0.00000000 4.78571691 0.00000000 999.02655719
B2 0.00000000 0.00000000 4.78571683 0.00000000 999.02655639
B3 0.00000000 0.00000000 4.78571810 0.00000000 999.02655847
B4 0.00000000 0.00000000 4.78571646 0.00000000 999.02655488
B5 0.00000000 0.00000000 4.78571646 0.00000000 999.02655488
B6 0.00000000 0.00000000 4.78571215 0.00000000 999.02655689
RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
RM 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>
1CBIO 5.50000% 6,770,440.57 6,759,095.89 0.00 0.00 99.83244649%
2CBIO 5.50000% 3,979,298.73 3,906,328.92 0.00 0.00 98.16625793%
3CBIO 5.50000% 1,466,759.81 1,439,618.14 0.00 0.00 98.14953639%
1CBPO 0.00000% 0.00 0.00 670,610.00 662,349.01 98.76813796%
2CBPO 0.00000% 0.00 0.00 31,203.00 30,955.12 99.20558921%
3CBPO 0.00000% 0.00 0.00 42,601.00 42,168.43 98.98460130%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,256,769.91
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 240.94
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 4,257,010.85
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 80,119.89
Payment of Interest and Principal 4,176,890.96
Total Withdrawals (Pool Distribution Amount) 4,257,010.85
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 78,089.56
Wells Fargo Bank, N.A. 2,030.33
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 80,119.89
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
40,500.00 0.00 0.00 0.00 40,500.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
40,500.00 0.00 0.00 0.00 40,500.00
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 0.039730% 0.000000% 0.000000% 0.000000% 0.039730%
0.010865% 0.000000% 0.000000% 0.000000% 0.010865%
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 0.039730% 0.000000% 0.000000% 0.000000% 0.039730%
0.010865% 0.000000% 0.000000% 0.000000% 0.010865%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
40,500.00 0.00 0.00 0.00 40,500.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
40,500.00 0.00 0.00 0.00 40,500.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.117786% 0.000000% 0.000000% 0.000000% 0.117786%
0.037724% 0.000000% 0.000000% 0.000000% 0.037724%
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 0.117786% 0.000000% 0.000000% 0.000000% 0.117786%
0.037724% 0.000000% 0.000000% 0.000000% 0.037724%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 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 0.00
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 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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.
3 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current REO Total Jan-05 0.000%
Loans in REO 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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.
3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Sep-04 0.000%
Original Principal Balance 0.00 Oct-04 0.000%
Current Principal Balance 0.00 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 0 Feb-05 0.000%
Original Principal Balance 0.00 Mar-05 0.000%
Current Principal Balance 0.00 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-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 6.167617%
Weighted Average Pass-Through Rate 5.911115%
Weighted Average Maturity(Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 2,526
Number Of Loans Paid In Full 9
Ending Scheduled Collateral Loan Count 2,517
Beginning Scheduled Collateral Balance 374,829,898.00
Ending Scheduled Collateral Balance 372,499,394.00
Ending Actual Collateral Balance at 29-Jul-2005 372,766,544.80
Monthly P&I Constant 2,291,440.05
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 4,074,805.46
Class AP Deferred Amount 0.00
Scheduled Principal 364,934.11
Unscheduled Principal 1,965,570.53
Miscellaneous Reporting
Senior % 96.091967%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 5.930580 6.457072 6.362242
Weighted Average Net Rate 5.680579 6.207073 6.112241
Weighted Average Maturity 355 178 320
Beginning Loan Count 1,204 853 469
Loans Paid In Full 1 4 4
Ending Loan Count 1,203 849 465
Beginning Scheduled Balance 192,768,147.51 108,186,476.33 0.00
Ending Scheduled Balance 192,212,534.87 107,279,007.14 73,007,851.99
Record Date 07/29/2005 07/29/2005 07/29/2005
Principal And Interest Constant 1,149,019.36 681,441.03 460,979.66
Scheduled Principal 196,330.28 99,301.12 69,302.71
Unscheduled Principal 359,282.36 808,168.07 798,120.10
Scheduled Interest 952,689.08 582,139.91 391,676.95
Servicing Fees 40,160.03 22,538.85 15,390.68
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,044.16 586.01 400.16
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 911,484.89 559,015.05 375,886.11
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 5.674078 6.200572 6.105740
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.167617
Weighted Average Net Rate 5.917616
Weighted Average Maturity 284
Beginning Loan Count 2,526
Loans Paid In Full 9
Ending Loan Count 2,517
Beginning Scheduled Balance 300,954,623.84
Ending scheduled Balance 372,499,394.00
Record Date 07/29/2005
Principal And Interest Constant 2,291,440.05
Scheduled Principal 364,934.11
Unscheduled Principal 1,965,570.53
Scheduled Interest 1,926,505.94
Servicing Fees 78,089.56
Master Servicing Fees 0.00
Trustee Fee 2,030.33
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,846,386.05
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.911115
Miscellaneous Reporting
Group 1
CPR 2.216016%
Subordinate % 3.913865%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.086135%
Group 2
CPR 8.612469%
Subordinate % 3.901126%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.098874%
Group 3
CPR 12.231880%
Subordinate % 3.902978%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.097022%
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 1 180,000.00 179,816.48 0 0.00 0.00
2 4 802,220.00 801,525.50 0 0.00 0.00
3 4 734,920.00 734,386.61 0 0.00 0.00
Total 9 1,717,140.00 1,715,728.59 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 0 0.00 0.00 0 0.00 0.00 179,650.30
2 0 0.00 0.00 0 0.00 0.00 7,340.95
3 0 0.00 0.00 0 0.00 0.00 64,408.06
Total 0 0.00 0.00 0 0.00 0.00 251,399.31
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 6305020205 NC 80.00 01-Jul-2005 180,000.00 179,632.06
2 6124242956 NY 90.00 01-Jul-2005 229,500.00 229,103.69
2 6176466651 FL 80.00 01-Jul-2005 224,000.00 223,622.53
2 6557219653 CA 33.33 01-Jul-2005 200,000.00 199,619.47
2 6624005424 FL 80.00 01-Jul-2005 148,720.00 148,481.43
3 3302217561 OR 80.00 01-Jul-2005 91,920.00 91,749.26
3 6381591806 ME 77.92 01-Jul-2005 300,000.00 299,429.20
3 6388200559 NY 51.00 01-Aug-2005 153,000.00 152,861.68
3 6797397830 TX 79.16 01-Jul-2005 190,000.00 189,671.90
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 6305020205 Loan Paid in Full (1) 5.875% 360 1
2 6124242956 Loan Paid in Full (2) 6.750% 360 1
2 6176466651 Loan Paid in Full (2) 6.875% 360 1
2 6557219653 Loan Paid in Full (1) 6.250% 360 1
2 6624005424 Loan Paid in Full (2) 7.125% 360 1
3 3302217561 Loan Paid in Full (1) 6.375% 360 1
3 6381591806 Loan Paid in Full (1) 6.250% 360 1
3 6388200559 Loan Paid in Full (2) 6.500% 360 0
3 6797397830 Loan Paid in Full (1) 6.750% 360 1
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.525% Current Month 6.120% Current Month 5,412.666%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 6.120% N/A Aug-2005 5,412.666% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.187% Current Month 2.216% Current Month 2,123.953%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 2.216% N/A Aug-2005 2,123.953% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.748% Current Month 8.612% Current Month 7,441.936%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 8.612% N/A Aug-2005 7,441.936% 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.
3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.081% Current Month 12.232% Current Month 9,255.175%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 12.232% N/A Aug-2005 9,255.175% 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 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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.
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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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>
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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-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>