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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-A Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-10
Pooling and Servicing Agreement) (Commission 54-2165626
(State or other File Number) 54-2165627
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 August 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-A
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2005-A 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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-A 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
Pass-Through Certificates, Series 2005-A Trust,
relating to the August 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 7/29/2005
Distribution Date: 8/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2005-A
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 05949AH52 SEN 4.07104% 89,067,440.23 302,163.99
1AR 05949AH60 SEN 4.06132% 0.00 0.00
1ALR 05949AH78 SEN 4.06132% 0.00 0.00
2A1 05949AH86 SEN 4.47876% 228,198,230.76 851,704.10
2A2 05949AH94 SEN 4.47876% 133,629,936.12 498,746.92
2A3 05949AJ27 SEN 4.47876% 4,703,584.21 17,555.18
3A1 05949AJ35 SEN 5.05776% 36,517,593.13 153,914.49
4A1 05949AJ43 SEN 5.22515% 40,563,794.33 176,626.55
1IO 05949AJ84 SEN 0.31700% 0.00 24,447.19
2IO 05949AJ92 SEN 0.17100% 0.00 54,164.66
4IO 05949AK25 SEN 0.03230% 0.00 1,133.00
B1 05949AJ50 SUB 4.50411% 10,550,275.39 39,599.66
B2 05949AJ68 SUB 4.50411% 3,809,184.75 14,297.49
B3 05949AJ76 SUB 4.50411% 2,050,639.37 7,696.92
B4 05949AK33 SUB 4.50411% 1,465,454.49 5,500.47
B5 05949AK41 SUB 4.50411% 879,272.69 3,300.28
B6 05949AK58 SUB 4.50411% 1,172,269.87 4,400.03
Totals 552,607,675.34 2,155,250.93
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 4,646,861.35 0.00 84,420,578.88 4,949,025.34 0.00
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 4,196,601.44 0.00 224,001,629.32 5,048,305.54 0.00
2A2 2,457,475.59 0.00 131,172,460.52 2,956,222.51 0.00
2A3 86,499.66 0.00 4,617,084.55 104,054.84 0.00
3A1 21,826.66 0.00 36,495,766.47 175,741.15 0.00
4A1 23,780.94 0.00 40,540,013.38 200,407.49 0.00
1IO 0.00 0.00 0.00 24,447.19 0.00
2IO 0.00 0.00 0.00 54,164.66 0.00
4IO 0.00 0.00 0.00 1,133.00 0.00
B1 5,496.20 0.00 10,544,779.18 45,095.86 0.00
B2 1,984.41 0.00 3,807,200.35 16,281.90 0.00
B3 1,068.29 0.00 2,049,571.08 8,765.21 0.00
B4 763.43 0.00 1,464,691.05 6,263.90 0.00
B5 458.06 0.00 878,814.63 3,758.34 0.00
B6 610.70 0.00 1,171,659.17 5,010.73 0.00
Totals 11,443,426.73 0.00 541,164,248.58 13,598,677.66 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>
1A1 99,118,000.00 89,067,440.23 49,303.54 4,597,557.81 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1ALR 50.00 0.00 0.00 0.00 0.00 0.00
2A1 240,784,000.00 228,198,230.76 118,885.43 4,077,716.01 0.00 0.00
2A2 141,000,000.00 133,629,936.12 69,617.77 2,387,857.82 0.00 0.00
2A3 4,963,000.00 4,703,584.21 2,450.45 84,049.21 0.00 0.00
3A1 38,460,000.00 36,517,593.13 19,838.27 1,988.39 0.00 0.00
4A1 43,554,000.00 40,563,794.33 17,319.41 6,461.53 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
4IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 10,583,000.00 10,550,275.39 5,496.20 0.00 0.00 0.00
B2 3,821,000.00 3,809,184.75 1,984.41 0.00 0.00 0.00
B3 2,057,000.00 2,050,639.37 1,068.29 0.00 0.00 0.00
B4 1,470,000.00 1,465,454.49 763.43 0.00 0.00 0.00
B5 882,000.00 879,272.69 458.06 0.00 0.00 0.00
B6 1,175,905.98 1,172,269.87 610.70 0.00 0.00 0.00
Totals 587,868,005.98 552,607,675.34 287,795.96 11,155,630.77 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 4,646,861.35 84,420,578.88 0.85171794 4,646,861.35
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 4,196,601.44 224,001,629.32 0.93030114 4,196,601.44
2A2 2,457,475.59 131,172,460.52 0.93030114 2,457,475.59
2A3 86,499.66 4,617,084.55 0.93030114 86,499.66
3A1 21,826.66 36,495,766.47 0.94892789 21,826.66
4A1 23,780.94 40,540,013.38 0.93079886 23,780.94
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
4IO 0.00 0.00 0.00000000 0.00
B1 5,496.20 10,544,779.18 0.99638847 5,496.20
B2 1,984.41 3,807,200.35 0.99638847 1,984.41
B3 1,068.29 2,049,571.08 0.99638847 1,068.29
B4 763.43 1,464,691.05 0.99638847 763.43
B5 458.06 878,814.63 0.99638847 458.06
B6 610.70 1,171,659.17 0.99638848 610.70
Totals 11,443,426.73 541,164,248.58 0.92055401 11,443,426.73
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 99,118,000.00 898.60005478 0.49742267 46.38469108 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 240,784,000.00 947.73004336 0.49374306 16.93516185 0.00000000
2A2 141,000,000.00 947.73004340 0.49374305 16.93516184 0.00000000
2A3 4,963,000.00 947.73004433 0.49374370 16.93516220 0.00000000
3A1 38,460,000.00 949.49540120 0.51581565 0.05170021 0.00000000
4A1 43,554,000.00 931.34486683 0.39765372 0.14835675 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 10,583,000.00 996.90781347 0.51934234 0.00000000 0.00000000
B2 3,821,000.00 996.90781209 0.51934310 0.00000000 0.00000000
B3 2,057,000.00 996.90781235 0.51934370 0.00000000 0.00000000
B4 1,470,000.00 996.90781633 0.51934014 0.00000000 0.00000000
B5 882,000.00 996.90781179 0.51934240 0.00000000 0.00000000
B6 1,175,905.98 996.90782251 0.51934424 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>
1A1 0.00000000 46.88211374 851.71794104 0.85171794 46.88211374
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 17.42890491 930.30113845 0.93030114 17.42890491
2A2 0.00000000 17.42890489 930.30113844 0.93030114 17.42890489
2A3 0.00000000 17.42890590 930.30113842 0.93030114 17.42890590
3A1 0.00000000 0.56751586 948.92788534 0.94892789 0.56751586
4A1 0.00000000 0.54601047 930.79885613 0.93079886 0.54601047
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.51934234 996.38847019 0.99638847 0.51934234
B2 0.00000000 0.51934310 996.38847160 0.99638847 0.51934310
B3 0.00000000 0.51934370 996.38846864 0.99638847 0.51934370
B4 0.00000000 0.51934014 996.38846939 0.99638847 0.51934014
B5 0.00000000 0.51934240 996.38846939 0.99638847 0.51934240
B6 0.00000000 0.51934424 996.38847827 0.99638848 0.51934424
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 99,118,000.00 4.07104% 89,067,440.23 302,163.99 0.00 0.00
1AR 50.00 4.06132% 0.00 0.00 0.00 0.00
1ALR 50.00 4.06132% 0.00 0.00 0.00 0.00
2A1 240,784,000.00 4.47876% 228,198,230.76 851,704.10 0.00 0.00
2A2 141,000,000.00 4.47876% 133,629,936.12 498,746.92 0.00 0.00
2A3 4,963,000.00 4.47876% 4,703,584.21 17,555.18 0.00 0.00
3A1 38,460,000.00 5.05776% 36,517,593.13 153,914.49 0.00 0.00
4A1 43,554,000.00 5.22515% 40,563,794.33 176,626.55 0.00 0.00
1IO 0.00 0.31700% 92,544,553.39 24,447.19 0.00 0.00
2IO 0.00 0.17100% 380,102,871.27 54,164.66 0.00 0.00
4IO 0.00 0.03230% 42,093,037.82 1,133.00 0.00 0.00
B1 10,583,000.00 4.50411% 10,550,275.39 39,599.66 0.00 0.00
B2 3,821,000.00 4.50411% 3,809,184.75 14,297.49 0.00 0.00
B3 2,057,000.00 4.50411% 2,050,639.37 7,696.92 0.00 0.00
B4 1,470,000.00 4.50411% 1,465,454.49 5,500.47 0.00 0.00
B5 882,000.00 4.50411% 879,272.69 3,300.28 0.00 0.00
B6 1,175,905.98 4.50411% 1,172,269.87 4,400.03 0.00 0.00
Totals 587,868,005.98 2,155,250.93 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 302,163.99 0.00 84,420,578.88
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 851,704.10 0.00 224,001,629.32
2A2 0.00 0.00 498,746.92 0.00 131,172,460.52
2A3 0.00 0.00 17,555.18 0.00 4,617,084.55
3A1 0.00 0.00 153,914.49 0.00 36,495,766.47
4A1 0.00 0.00 176,626.55 0.00 40,540,013.38
1IO 0.00 0.00 24,447.19 0.00 87,895,767.27
2IO 0.00 0.00 54,164.66 0.00 373,355,224.38
4IO 0.00 0.00 1,133.00 0.00 42,068,603.94
B1 0.00 0.00 39,599.66 0.00 10,544,779.18
B2 0.00 0.00 14,297.49 0.00 3,807,200.35
B3 0.00 0.00 7,696.92 0.00 2,049,571.08
B4 0.00 0.00 5,500.47 0.00 1,464,691.05
B5 0.00 0.00 3,300.28 0.00 878,814.63
B6 0.00 0.00 4,400.03 0.00 1,171,659.17
Totals 0.00 0.00 2,155,250.93 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 99,118,000.00 4.07104% 898.60005478 3.04852792 0.00000000 0.00000000
1AR 50.00 4.06132% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 4.06132% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 240,784,000.00 4.47876% 947.73004336 3.53721219 0.00000000 0.00000000
2A2 141,000,000.00 4.47876% 947.73004340 3.53721220 0.00000000 0.00000000
2A3 4,963,000.00 4.47876% 947.73004433 3.53721136 0.00000000 0.00000000
3A1 38,460,000.00 5.05776% 949.49540120 4.00193682 0.00000000 0.00000000
4A1 43,554,000.00 5.22515% 931.34486683 4.05534624 0.00000000 0.00000000
1IO 0.00 0.31700% 901.93383045 0.23826089 0.00000000 0.00000000
2IO 0.00 0.17100% 949.40258047 0.13528987 0.00000000 0.00000000
4IO 0.00 0.03230% 933.59413994 0.02512915 0.00000000 0.00000000
B1 10,583,000.00 4.50411% 996.90781347 3.74181801 0.00000000 0.00000000
B2 3,821,000.00 4.50411% 996.90781209 3.74181890 0.00000000 0.00000000
B3 2,057,000.00 4.50411% 996.90781235 3.74181818 0.00000000 0.00000000
B4 1,470,000.00 4.50411% 996.90781633 3.74181633 0.00000000 0.00000000
B5 882,000.00 4.50411% 996.90781179 3.74181406 0.00000000 0.00000000
B6 1,175,905.98 4.50411% 996.90782251 3.74182126 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>
1A1 0.00000000 0.00000000 3.04852792 0.00000000 851.71794104
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.53721219 0.00000000 930.30113845
2A2 0.00000000 0.00000000 3.53721220 0.00000000 930.30113844
2A3 0.00000000 0.00000000 3.53721136 0.00000000 930.30113842
3A1 0.00000000 0.00000000 4.00193682 0.00000000 948.92788534
4A1 0.00000000 0.00000000 4.05534624 0.00000000 930.79885613
1IO 0.00000000 0.00000000 0.23826089 0.00000000 856.62703152
2IO 0.00000000 0.00000000 0.13528987 0.00000000 932.54863420
4IO 0.00000000 0.00000000 0.02512915 0.00000000 933.05221357
B1 0.00000000 0.00000000 3.74181801 0.00000000 996.38847019
B2 0.00000000 0.00000000 3.74181890 0.00000000 996.38847160
B3 0.00000000 0.00000000 3.74181818 0.00000000 996.38846864
B4 0.00000000 0.00000000 3.74181633 0.00000000 996.38846939
B5 0.00000000 0.00000000 3.74181406 0.00000000 996.38846939
B6 0.00000000 0.00000000 3.74182126 0.00000000 996.38847827
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 13,725,516.59
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 13,725,516.59
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 126,838.93
Payment of Interest and Principal 13,598,677.66
Total Withdrawals (Pool Distribution Amount) 13,725,516.59
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 124,766.65
Trustee Fee - Wells Fargo Bank, N.A. 2,072.28
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 126,838.93
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 8 0 0 0 8
4,276,180.91 0.00 0.00 0.00 4,276,180.91
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 8 0 0 0 8
4,276,180.91 0.00 0.00 0.00 4,276,180.91
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 0.779727% 0.000000% 0.000000% 0.000000% 0.779727%
0.789831% 0.000000% 0.000000% 0.000000% 0.789831%
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 0.779727% 0.000000% 0.000000% 0.000000% 0.779727%
0.789831% 0.000000% 0.000000% 0.000000% 0.789831%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 5 0 0 0 5
2,365,397.58 0.00 0.00 0.00 2,365,397.58
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 5 0 0 0 5
2,365,397.58 0.00 0.00 0.00 2,365,397.58
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 3.012048% 0.000000% 0.000000% 0.000000% 3.012048%
2.689866% 0.000000% 0.000000% 0.000000% 2.689866%
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 3.012048% 0.000000% 0.000000% 0.000000% 3.012048%
2.689866% 0.000000% 0.000000% 0.000000% 2.689866%
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 2 0 0 0 2
910,800.00 0.00 0.00 0.00 910,800.00
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 2 0 0 0 2
910,800.00 0.00 0.00 0.00 910,800.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.281690% 0.000000% 0.000000% 0.000000% 0.281690%
0.243841% 0.000000% 0.000000% 0.000000% 0.243841%
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 0.281690% 0.000000% 0.000000% 0.000000% 0.281690%
0.243841% 0.000000% 0.000000% 0.000000% 0.243841%
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%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
999,983.33 0.00 0.00 0.00 999,983.33
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
999,983.33 0.00 0.00 0.00 999,983.33
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.265823% 0.000000% 0.000000% 0.000000% 1.265823%
2.376165% 0.000000% 0.000000% 0.000000% 2.376165%
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 1.265823% 0.000000% 0.000000% 0.000000% 1.265823%
2.376165% 0.000000% 0.000000% 0.000000% 2.376165%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 18,710.83
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.
4 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.
4 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 ARM
Weighted Average Gross Coupon 4.955609%
Weighted Average Net Coupon 4.684675%
Weighted Average Pass-Through Rate 4.680175%
Weighted Average Maturity(Stepdown Calculation) 352
Beginning Scheduled Collateral Loan Count 1,046
Number Of Loans Paid In Full 20
Ending Scheduled Collateral Loan Count 1,026
Beginning Scheduled Collateral Balance 552,607,675.33
Ending Scheduled Collateral Balance 541,164,248.60
Ending Actual Collateral Balance at 29-Jul-2005 541,404,593.25
Monthly P&I Constant 2,569,885.60
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 287,795.96
Unscheduled Principal 11,155,630.77
Miscellaneous Reporting
Total Senior Percentage 96.393989%
Aggregate Senior Percentage 3.606011%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.767535 4.904259 5.312264
Weighted Average Net Rate 4.392535 4.654259 5.062264
Weighted Average Maturity 352 351 352
Beginning Loan Count 174 722 71
Loans Paid In Full 8 12 0
Ending Loan Count 166 710 71
Beginning Scheduled Balance 92,544,553.39 380,102,871.27 37,867,212.85
Ending Scheduled Balance 87,895,767.27 373,355,224.38 37,844,653.01
Record Date 07/29/2005 07/29/2005 07/29/2005
Principal And Interest Constant 418,902.77 1,751,459.64 188,205.31
Scheduled Principal 51,228.31 198,023.85 20,571.45
Unscheduled Principal 4,597,557.81 6,549,623.04 1,988.39
Scheduled Interest 367,674.46 1,553,435.79 167,633.86
Servicing Fees 28,920.17 79,188.10 7,889.00
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 347.04 1,425.39 142.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 338,407.25 1,472,822.30 159,602.86
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 4.388035 4.649759 5.057764
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.511948 4.955609
Weighted Average Net Rate 5.261948 4.684675
Weighted Average Maturity 352 352
Beginning Loan Count 79 1,046
Loans Paid In Full 0 20
Ending Loan Count 79 1,026
Beginning Scheduled Balance 42,093,037.82 552,607,675.33
Ending scheduled Balance 42,068,603.94 541,164,248.60
Record Date 07/29/2005 07/29/2005
Principal And Interest Constant 211,317.88 2,569,885.60
Scheduled Principal 17,972.35 287,795.96
Unscheduled Principal 6,461.53 11,155,630.77
Scheduled Interest 193,345.53 2,282,089.64
Servicing Fees 8,769.38 124,766.65
Master Servicing Fees 0.00 0.00
Trustee Fee 157.85 2,072.28
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
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 184,418.30 2,155,250.71
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 5.257448 4.680175
Miscellaneous Reporting
Group 1
CPR 45.763603%
Subordinate Percentage 3.757231%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.242769%
Group 2
CPR 18.835004%
Subordinate Percentage 3.570380%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.429620%
Group 3
CPR 0.063027%
Subordinate Percentage 3.564085%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.435915%
Miscellaneous Reporting
Group 4
CPR 0.184130%
Subordinate Percentage 3.633008%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.366992%
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 8 4,637,220.00 4,590,457.25 0 0.00 0.00
2 12 6,000,950.00 5,983,500.15 0 0.00 0.00
3 0 0.00 0.00 0 0.00 0.00
4 0 0.00 0.00 0 0.00 0.00
Total 20 10,638,170.00 10,573,957.40 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 8,549.52
2 0 0.00 0.00 0 0.00 0.00 568,763.08
3 0 0.00 0.00 0 0.00 0.00 1,988.39
4 0 0.00 0.00 0 0.00 0.00 6,461.53
Total 0 0.00 0.00 0 0.00 0.00 585,762.52
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 6251984701 CO 61.01 01-Dec-2004 360,000.00 323,646.46
1 6383145999 CA 80.00 01-Feb-2005 743,920.00 743,920.00
1 6507127261 CA 35.08 01-Feb-2005 999,900.00 999,900.00
1 6606129499 CA 80.00 01-Jan-2005 544,000.00 538,062.36
1 6725757576 VA 42.39 01-Feb-2005 566,000.00 561,179.47
1 6766695453 AZ 70.00 01-Jan-2005 539,000.00 539,000.00
1 6859751304 IL 80.00 01-Feb-2005 484,400.00 483,300.00
1 6937977228 CA 75.47 01-Jan-2005 400,000.00 400,000.00
2 3300982976 CA 74.83 01-Jan-2005 580,000.00 574,342.79
2 3301075465 CA 80.00 01-Jan-2005 360,000.00 356,471.26
2 6365077772 CA 80.00 01-Jan-2005 372,000.00 372,000.00
2 6505170651 CA 80.00 01-Jan-2005 624,000.00 618,185.46
2 6510165324 CA 70.00 01-Jan-2005 695,100.00 695,098.54
2 6539892908 CA 79.99 01-Feb-2005 422,600.00 422,600.00
2 6616133382 CO 75.00 01-Jan-2005 599,250.00 599,250.00
2 6846549928 TN 78.57 01-Feb-2005 374,000.00 374,000.00
2 6915741778 CA 80.00 01-Jan-2005 400,000.00 400,000.00
2 6937014337 CA 71.51 01-Feb-2005 472,000.00 472,000.00
2 6964301110 CA 69.97 01-Feb-2005 655,000.00 649,911.91
2 6986000153 CA 20.31 01-Feb-2005 447,000.00 447,000.00
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 6251984701 Loan Paid in Full (1) 4.500% 360 8
1 6383145999 Loan Paid in Full (1) 5.000% 360 6
1 6507127261 Loan Paid in Full 0 4.875% 360 6
1 6606129499 Loan Paid in Full 0 4.375% 360 7
1 6725757576 Loan Paid in Full 0 5.000% 360 6
1 6766695453 Loan Paid in Full 0 5.500% 360 7
1 6859751304 Loan Paid in Full 0 5.500% 360 6
1 6937977228 Loan Paid in Full 0 4.750% 360 7
2 3300982976 Loan Paid in Full 0 5.000% 360 7
2 3301075465 Loan Paid in Full 0 5.000% 360 7
2 6365077772 Loan Paid in Full (1) 4.875% 360 7
2 6505170651 Loan Paid in Full 0 5.250% 360 7
2 6510165324 Loan Paid in Full 0 5.375% 360 7
2 6539892908 Loan Paid in Full 0 5.000% 360 6
2 6616133382 Loan Paid in Full 0 5.250% 360 7
2 6846549928 Loan Paid in Full 0 5.000% 360 6
2 6915741778 Loan Paid in Full 0 5.250% 360 7
2 6937014337 Loan Paid in Full 0 5.625% 360 6
2 6964301110 Loan Paid in Full 0 5.500% 360 6
2 6986000153 Loan Paid in Full 0 5.750% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.020% Current Month 21.718% Current Month 1,665.671%
3 Month Average 1.404% 3 Month Average 15.488% 3 Month Average 1,372.609%
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 5.553% N/A Feb-2005 5,450.015% N/A
Mar-2005 6.072% N/A Mar-2005 2,021.908% N/A
Apr-2005 12.449% N/A Apr-2005 2,473.211% N/A
May-2005 17.118% N/A May-2005 2,432.888% N/A
Jun-2005 10.480% N/A Jun-2005 1,159.876% N/A
Jul-2005 14.266% N/A Jul-2005 1,292.281% N/A
Aug-2005 21.718% N/A Aug-2005 1,665.671% 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 4.971% Current Month 45.764% Current Month 3,432.284%
3 Month Average 3.031% 3 Month Average 29.975% 3 Month Average 2,601.171%
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 21.440% N/A Feb-2005 16,941.494% N/A
Mar-2005 10.580% N/A Mar-2005 3,252.710% N/A
Apr-2005 14.860% N/A Apr-2005 2,807.397% N/A
May-2005 16.865% N/A May-2005 2,309.636% N/A
Jun-2005 24.428% N/A Jun-2005 2,627.018% N/A
Jul-2005 19.733% N/A Jul-2005 1,744.211% N/A
Aug-2005 45.764% N/A Aug-2005 3,432.284% 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 1.724% Current Month 18.835% Current Month 1,457.010%
3 Month Average 1.128% 3 Month Average 12.618% 3 Month Average 1,124.357%
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 1.767% N/A Feb-2005 1,912.452% N/A
Mar-2005 6.042% N/A Mar-2005 2,073.906% N/A
Apr-2005 9.208% N/A Apr-2005 1,866.008% N/A
May-2005 18.890% N/A May-2005 2,724.320% N/A
Jun-2005 8.621% N/A Jun-2005 964.975% N/A
Jul-2005 10.396% N/A Jul-2005 951.085% N/A
Aug-2005 18.835% N/A Aug-2005 1,457.010% 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 0.005% Current Month 0.063% Current Month 4.784%
3 Month Average 0.403% 3 Month Average 4.531% 3 Month Average 405.438%
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 3.765% N/A Feb-2005 3,323.072% N/A
Mar-2005 1.168% N/A Mar-2005 375.939% N/A
Apr-2005 16.412% N/A Apr-2005 3,190.507% N/A
May-2005 17.102% N/A May-2005 2,387.888% N/A
Jun-2005 0.048% N/A Jun-2005 5.292% N/A
Jul-2005 13.481% N/A Jul-2005 1,206.239% N/A
Aug-2005 0.063% N/A Aug-2005 4.784% 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.
4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.015% Current Month 0.184% Current Month 13.855%
3 Month Average 1.182% 3 Month Average 11.930% 3 Month Average 1,067.899%
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 0.736% N/A Feb-2005 609.024% N/A
Mar-2005 0.101% N/A Mar-2005 32.086% N/A
Apr-2005 29.807% N/A Apr-2005 5,683.339% N/A
May-2005 0.161% N/A May-2005 22.252% N/A
Jun-2005 1.842% N/A Jun-2005 199.177% N/A
Jul-2005 33.764% N/A Jul-2005 2,990.665% N/A
Aug-2005 0.184% N/A Aug-2005 13.855% 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%
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>
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
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 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
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 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
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 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
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 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
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 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
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 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
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 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
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.
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>
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
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 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
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>