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
AAMES MORTGAGE INVESTMENT TRUST
Mortgage-Backed Notes, Series 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118926-25
Pooling and Servicing Agreement) (Commission N/A
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
C/O Wells Fargo Bank, N.A.
9062 Old Annapolis Rd.
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On August 25, 2005 a distribution was made to holders of AAMES MORTGAGE
INVESTMENT TRUST, Mortgage-Backed Notes, Series 2005-2 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage-Backed Notes, Series 2005-2
Trust, relating to the 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.
AAMES MORTGAGE INVESTMENT TRUST
Mortgage-Backed Notes, Series 2005-2 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trust Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 8/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage-Backed Notes, Series 2005-2 Trust, relating
to the August 25, 2005 distribution.
EX-99.1
Aames Mortgage Investment Trust
Mortgage-Backed Notes
Record Date: 7/29/2005
Distribution Date: 8/25/2005
Aames Mortgage Investment Trust
Mortgage-Backed Notes
Series Aames Mortgage Investment Trust 2005-2
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 126673K43 SEN 3.54000% 132,786,614.11 404,777.86
1A2 126673K50 SEN 3.68000% 289,696,000.00 918,014.44
1A3 126673K68 SEN 3.82000% 17,300,000.00 56,907.39
2A1 126673K76 SEN 3.69000% 436,684,330.74 1,387,564.46
M1 126673K84 MEZ 3.91000% 40,542,000.00 136,502.66
M2 126673K92 MEZ 3.93000% 41,121,000.00 139,160.32
M3 126673L26 MEZ 3.96000% 24,325,000.00 82,948.25
M4 126673L34 MEZ 4.09000% 22,008,000.00 77,510.95
M5 126673L42 MEZ 4.12000% 19,113,000.00 67,808.68
M6 126673L59 MEZ 4.18000% 16,796,000.00 60,456.27
M7 126673L67 MEZ 4.66000% 18,533,000.00 74,368.81
M8 126673L75 MEZ 4.81000% 14,479,000.00 59,971.21
M9 126673L83 MEZ 5.31000% 13,321,000.00 60,910.27
B1 126673L91 SUB 6.46000% 12,700,000.00 70,647.28
B2 126673M25 SUB 6.46000% 5,833,000.00 32,447.68
B3 126673M33 SUB 6.46000% 6,950,000.00 38,661.31
B4 126673M90 SUB 6.46000% 9,264,000.00 51,533.57
OC 126673OT0 RES 0.00000% 13,900,088.16 3,096,563.10
Totals 1,135,352,033.01 6,816,754.51
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 12,280,082.24 0.00 120,506,531.87 12,684,860.10 0.00
1A2 0.00 0.00 289,696,000.00 918,014.44 0.00
1A3 0.00 0.00 17,300,000.00 56,907.39 0.00
2A1 10,543,020.08 0.00 426,141,310.66 11,930,584.54 0.00
M1 0.00 0.00 40,542,000.00 136,502.66 0.00
M2 0.00 0.00 41,121,000.00 139,160.32 0.00
M3 0.00 0.00 24,325,000.00 82,948.25 0.00
M4 0.00 0.00 22,008,000.00 77,510.95 0.00
M5 0.00 0.00 19,113,000.00 67,808.68 0.00
M6 0.00 0.00 16,796,000.00 60,456.27 0.00
M7 0.00 0.00 18,533,000.00 74,368.81 0.00
M8 0.00 0.00 14,479,000.00 59,971.21 0.00
M9 0.00 0.00 13,321,000.00 60,910.27 0.00
B1 0.00 0.00 12,700,000.00 70,647.28 0.00
B2 0.00 0.00 5,833,000.00 32,447.68 0.00
B3 0.00 0.00 6,950,000.00 38,661.31 0.00
B4 0.00 0.00 9,264,000.00 51,533.57 0.00
OC 0.00 0.00 13,900,088.16 3,096,563.10 0.00
Totals 22,823,102.32 0.00 1,112,528,930.69 29,639,856.83 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 143,042,000.00 132,786,614.11 0.00 12,280,082.24 0.00 0.00
1A2 289,696,000.00 289,696,000.00 0.00 0.00 0.00 0.00
1A3 17,300,000.00 17,300,000.00 0.00 0.00 0.00 0.00
2A1 449,414,000.00 436,684,330.74 0.00 10,543,020.08 0.00 0.00
M1 40,542,000.00 40,542,000.00 0.00 0.00 0.00 0.00
M2 41,121,000.00 41,121,000.00 0.00 0.00 0.00 0.00
M3 24,325,000.00 24,325,000.00 0.00 0.00 0.00 0.00
M4 22,008,000.00 22,008,000.00 0.00 0.00 0.00 0.00
M5 19,113,000.00 19,113,000.00 0.00 0.00 0.00 0.00
M6 16,796,000.00 16,796,000.00 0.00 0.00 0.00 0.00
M7 18,533,000.00 18,533,000.00 0.00 0.00 0.00 0.00
M8 14,479,000.00 14,479,000.00 0.00 0.00 0.00 0.00
M9 13,321,000.00 13,321,000.00 0.00 0.00 0.00 0.00
B1 12,700,000.00 12,700,000.00 0.00 0.00 0.00 0.00
B2 5,833,000.00 5,833,000.00 0.00 0.00 0.00 0.00
B3 6,950,000.00 6,950,000.00 0.00 0.00 0.00 0.00
B4 9,264,000.00 9,264,000.00 0.00 0.00 0.00 0.00
OC 0.00 13,900,088.16 0.00 0.00 0.00 0.00
Totals 1,144,437,000.00 1,135,352,033.01 0.00 22,823,102.32 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 12,280,082.24 120,506,531.87 0.84245559 12,280,082.24
1A2 0.00 289,696,000.00 1.00000000 0.00
1A3 0.00 17,300,000.00 1.00000000 0.00
2A1 10,543,020.08 426,141,310.66 0.94821548 10,543,020.08
M1 0.00 40,542,000.00 1.00000000 0.00
M2 0.00 41,121,000.00 1.00000000 0.00
M3 0.00 24,325,000.00 1.00000000 0.00
M4 0.00 22,008,000.00 1.00000000 0.00
M5 0.00 19,113,000.00 1.00000000 0.00
M6 0.00 16,796,000.00 1.00000000 0.00
M7 0.00 18,533,000.00 1.00000000 0.00
M8 0.00 14,479,000.00 1.00000000 0.00
M9 0.00 13,321,000.00 1.00000000 0.00
B1 0.00 12,700,000.00 1.00000000 0.00
B2 0.00 5,833,000.00 1.00000000 0.00
B3 0.00 6,950,000.00 1.00000000 0.00
B4 0.00 9,264,000.00 1.00000000 0.00
OC 0.00 13,900,088.16 0.00000000 0.00
Totals 22,823,102.32 1,112,528,930.69 0.97211898 22,823,102.32
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 143,042,000.00 928.30507201 0.00000000 85.84948644 0.00000000
1A2 289,696,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A3 17,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A1 449,414,000.00 971.67496059 0.00000000 23.45948297 0.00000000
M1 40,542,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 41,121,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M3 24,325,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M4 22,008,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M5 19,113,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M6 16,796,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M7 18,533,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M8 14,479,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M9 13,321,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B1 12,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B2 5,833,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B3 6,950,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B4 9,264,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
OC 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes per $1,000 denominations
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 85.84948644 842.45558556 0.84245559 85.84948644
1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A1 0.00000000 23.45948297 948.21547762 0.94821548 23.45948297
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 143,042,000.00 3.54000% 132,786,614.11 404,777.86 0.00 0.00
1A2 289,696,000.00 3.68000% 289,696,000.00 918,014.44 0.00 0.00
1A3 17,300,000.00 3.82000% 17,300,000.00 56,907.39 0.00 0.00
2A1 449,414,000.00 3.69000% 436,684,330.74 1,387,564.46 0.00 0.00
M1 40,542,000.00 3.91000% 40,542,000.00 136,502.66 0.00 0.00
M2 41,121,000.00 3.93000% 41,121,000.00 139,160.32 0.00 0.00
M3 24,325,000.00 3.96000% 24,325,000.00 82,948.25 0.00 0.00
M4 22,008,000.00 4.09000% 22,008,000.00 77,510.95 0.00 0.00
M5 19,113,000.00 4.12000% 19,113,000.00 67,808.68 0.00 0.00
M6 16,796,000.00 4.18000% 16,796,000.00 60,456.27 0.00 0.00
M7 18,533,000.00 4.66000% 18,533,000.00 74,368.81 0.00 0.00
M8 14,479,000.00 4.81000% 14,479,000.00 59,971.21 0.00 0.00
M9 13,321,000.00 5.31000% 13,321,000.00 60,910.27 0.00 0.00
B1 12,700,000.00 6.46000% 12,700,000.00 70,647.28 0.00 0.00
B2 5,833,000.00 6.46000% 5,833,000.00 32,447.68 0.00 0.00
B3 6,950,000.00 6.46000% 6,950,000.00 38,661.31 0.00 0.00
B4 9,264,000.00 6.46000% 9,264,000.00 51,533.57 0.00 0.00
OC 0.00 0.00000% 13,900,088.16 0.00 0.00 0.00
Totals 1,144,437,000.00 3,720,191.41 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 0.00 404,777.86 0.00 120,506,531.87
1A2 0.00 0.00 918,014.44 0.00 289,696,000.00
1A3 0.00 0.00 56,907.39 0.00 17,300,000.00
2A1 0.00 0.00 1,387,564.46 0.00 426,141,310.66
M1 0.00 0.00 136,502.66 0.00 40,542,000.00
M2 0.00 0.00 139,160.32 0.00 41,121,000.00
M3 0.00 0.00 82,948.25 0.00 24,325,000.00
M4 0.00 0.00 77,510.95 0.00 22,008,000.00
M5 0.00 0.00 67,808.68 0.00 19,113,000.00
M6 0.00 0.00 60,456.27 0.00 16,796,000.00
M7 0.00 0.00 74,368.81 0.00 18,533,000.00
M8 0.00 0.00 59,971.21 0.00 14,479,000.00
M9 0.00 0.00 60,910.27 0.00 13,321,000.00
B1 0.00 0.00 70,647.28 0.00 12,700,000.00
B2 0.00 0.00 32,447.68 0.00 5,833,000.00
B3 0.00 0.00 38,661.31 0.00 6,950,000.00
B4 0.00 0.00 51,533.57 0.00 9,264,000.00
OC 0.00 0.00 3,096,563.10 0.00 13,900,088.16
Totals 0.00 0.00 6,816,754.51 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 143,042,000.00 3.54000% 928.30507201 2.82978328 0.00000000 0.00000000
1A2 289,696,000.00 3.68000% 1000.00000000 3.16888890 0.00000000 0.00000000
1A3 17,300,000.00 3.82000% 1000.00000000 3.28944451 0.00000000 0.00000000
2A1 449,414,000.00 3.69000% 971.67496059 3.08749719 0.00000000 0.00000000
M1 40,542,000.00 3.91000% 1000.00000000 3.36694440 0.00000000 0.00000000
M2 41,121,000.00 3.93000% 1000.00000000 3.38416673 0.00000000 0.00000000
M3 24,325,000.00 3.96000% 1000.00000000 3.41000000 0.00000000 0.00000000
M4 22,008,000.00 4.09000% 1000.00000000 3.52194429 0.00000000 0.00000000
M5 19,113,000.00 4.12000% 1000.00000000 3.54777795 0.00000000 0.00000000
M6 16,796,000.00 4.18000% 1000.00000000 3.59944451 0.00000000 0.00000000
M7 18,533,000.00 4.66000% 1000.00000000 4.01277775 0.00000000 0.00000000
M8 14,479,000.00 4.81000% 1000.00000000 4.14194420 0.00000000 0.00000000
M9 13,321,000.00 5.31000% 1000.00000000 4.57249981 0.00000000 0.00000000
B1 12,700,000.00 6.46000% 1000.00000000 5.56277795 0.00000000 0.00000000
B2 5,833,000.00 6.46000% 1000.00000000 5.56277730 0.00000000 0.00000000
B3 6,950,000.00 6.46000% 1000.00000000 5.56277842 0.00000000 0.00000000
B4 9,264,000.00 6.46000% 1000.00000000 5.56277742 0.00000000 0.00000000
OC 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes per $1,000 denominations
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 2.82978328 0.00000000 842.45558556
1A2 0.00000000 0.00000000 3.16888890 0.00000000 1000.00000000
1A3 0.00000000 0.00000000 3.28944451 0.00000000 1000.00000000
2A1 0.00000000 0.00000000 3.08749719 0.00000000 948.21547762
M1 0.00000000 0.00000000 3.36694440 0.00000000 1000.00000000
M2 0.00000000 0.00000000 3.38416673 0.00000000 1000.00000000
M3 0.00000000 0.00000000 3.41000000 0.00000000 1000.00000000
M4 0.00000000 0.00000000 3.52194429 0.00000000 1000.00000000
M5 0.00000000 0.00000000 3.54777795 0.00000000 1000.00000000
M6 0.00000000 0.00000000 3.59944451 0.00000000 1000.00000000
M7 0.00000000 0.00000000 4.01277775 0.00000000 1000.00000000
M8 0.00000000 0.00000000 4.14194420 0.00000000 1000.00000000
M9 0.00000000 0.00000000 4.57249981 0.00000000 1000.00000000
B1 0.00000000 0.00000000 5.56277795 0.00000000 1000.00000000
B2 0.00000000 0.00000000 5.56277730 0.00000000 1000.00000000
B3 0.00000000 0.00000000 5.56277842 0.00000000 1000.00000000
B4 0.00000000 0.00000000 5.56277742 0.00000000 1000.00000000
OC 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 29,778,870.95
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 345,875.81
Total Deposits 30,124,746.76
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 484,889.93
Payment of Interest and Principal 29,639,856.83
Total Withdrawals (Pool Distribution Amount) 30,124,746.76
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 473,063.35
Master Servicing Fee 11,826.58
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 484,889.93
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 1 1 0 2
90,836.19 182,466.84 0.00 273,303.03
30 Days 61 0 11 0 72
9,483,725.27 0.00 2,016,819.92 0.00 11,500,545.19
60 Days 2 0 1 0 3
211,949.34 0.00 412,479.89 0.00 624,429.23
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 63 1 13 0 77
9,695,674.61 90,836.19 2,611,766.65 0.00 12,398,277.45
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 0.015843% 0.015843% 0.000000% 0.031686%
0.008159% 0.016390% 0.000000% 0.024550%
30 Days 0.966413% 0.000000% 0.174271% 0.000000% 1.140684%
0.851889% 0.000000% 0.181164% 0.000000% 1.033053%
60 Days 0.031686% 0.000000% 0.015843% 0.000000% 0.047529%
0.019039% 0.000000% 0.037052% 0.000000% 0.056090%
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 0.998099% 0.015843% 0.205957% 0.000000% 1.219899%
0.870928% 0.008159% 0.234606% 0.000000% 1.113693%
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 17 0 4 0 21
4,532,743.26 0.00 1,082,348.70 0.00 5,615,091.96
60 Days 0 0 1 0 1
0.00 0.00 412,479.89 0.00 412,479.89
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 17 0 5 0 22
4,532,743.26 0.00 1,494,828.59 0.00 6,027,571.85
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.868677% 0.000000% 0.204394% 0.000000% 1.073071%
0.813212% 0.000000% 0.194182% 0.000000% 1.007395%
60 Days 0.000000% 0.000000% 0.051099% 0.000000% 0.051099%
0.000000% 0.000000% 0.074002% 0.000000% 0.074002%
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 0.868677% 0.000000% 0.255493% 0.000000% 1.124170%
0.813212% 0.000000% 0.268185% 0.000000% 1.081397%
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 1 1 0 2
90,836.19 182,466.84 0.00 273,303.03
30 Days 44 0 7 0 51
4,950,982.01 0.00 934,471.22 0.00 5,885,453.23
60 Days 2 0 0 0 2
211,949.34 0.00 0.00 0.00 211,949.34
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 46 1 8 0 55
5,162,931.35 90,836.19 1,116,938.06 0.00 6,370,705.60
0-29 Days 0.022962% 0.022962% 0.000000% 0.045924%
0.016341% 0.032825% 0.000000% 0.049167%
30 Days 1.010333% 0.000000% 0.160735% 0.000000% 1.171068%
0.890672% 0.000000% 0.168110% 0.000000% 1.058781%
60 Days 0.045924% 0.000000% 0.000000% 0.000000% 0.045924%
0.038129% 0.000000% 0.000000% 0.000000% 0.038129%
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 1.056257% 0.022962% 0.183697% 0.000000% 1.262916%
0.928801% 0.016341% 0.200935% 0.000000% 1.146077%
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.
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 10 Sep-04 0.000%
Original Principal Balance 1,930,557.54 Oct-04 0.000%
Current Principal Balance 1,929,657.10 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 13 Feb-05 0.000%
Original Principal Balance 2,613,254.97 Mar-05 0.000%
Current Principal Balance 2,611,766.65 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.060%
Aug-05 0.235%
*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 4 Sep-04 0.000%
Original Principal Balance 1,135,778.71 Oct-04 0.000%
Current Principal Balance 1,135,289.29 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 5 Feb-05 0.000%
Original Principal Balance 1,495,549.15 Mar-05 0.000%
Current Principal Balance 1,494,828.59 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.063%
Aug-05 0.268%
*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 6 Sep-04 0.000%
Original Principal Balance 794,778.83 Oct-04 0.000%
Current Principal Balance 794,367.81 Nov-04 0.000%
Dec-04 0.000%
Current Foreclosure Total Jan-05 0.000%
Loans in Foreclosure 8 Feb-05 0.000%
Original Principal Balance 1,117,705.82 Mar-05 0.000%
Current Principal Balance 1,116,938.06 Apr-05 0.000%
May-05 0.000%
Jun-05 0.000%
Jul-05 0.057%
Aug-05 0.201%
*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>
1 0003354578 Jul-2005 01-Apr-2005 CA 80.00 359,770.44
1 0003474822 Aug-2005 01-Apr-2005 NV 80.00 288,548.82
1 0003537867 Aug-2005 01-Apr-2005 MA 80.00 412,479.89
1 0003702636 Aug-2005 01-May-2005 CO 80.00 164,000.00
1 0003820859 Aug-2005 01-May-2005 FL 95.00 270,750.00
2 0003456126 Aug-2005 01-Apr-2005 NC 90.00 94,249.72
2 0003461837 Jul-2005 01-Apr-2005 TX 75.00 140,176.99
2 0003513900 Aug-2005 01-May-2005 FL 85.00 115,600.00
2 0003595998 Aug-2005 01-Apr-2005 RI 67.91 162,929.11
2 0003609419 Aug-2005 01-May-2005 OR 70.00 168,000.00
2 0003613643 Aug-2005 01-May-2005 OR 85.00 119,000.00
2 0003808383 Aug-2005 01-May-2005 FL 75.00 135,000.00
2 0004089298 Jul-2005 01-Jun-2005 CA 84.61 182,750.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
1 0003354578 359,539.30 01-May-2005 1 8.250% 6,963.05
1 0003474822 288,296.31 01-May-2005 1 6.700% 4,465.95
1 0003537867 412,479.89 01-Apr-2005 2 7.280% 6,982.39
1 0003702636 163,889.95 01-May-2005 1 8.000% 3,071.55
1 0003820859 270,623.14 01-May-2005 1 9.730% 6,242.65
2 0003456126 94,179.00 01-May-2005 1 7.480% 1,642.60
2 0003461837 140,103.41 01-May-2005 1 9.230% 3,056.66
2 0003513900 115,525.52 01-May-2005 1 8.200% 2,222.90
2 0003595998 162,857.62 01-May-2005 1 10.080% 3,899.27
2 0003609419 167,921.87 01-May-2005 1 9.765% 3,888.27
2 0003613643 118,957.47 01-May-2005 1 10.990% 3,118.90
2 0003808383 134,926.33 01-May-2005 1 9.005% 2,867.80
2 0004089298 182,466.84 01-Jul-2005 0 7.300% 2,068.76
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.351836%
Weighted Average Net Coupon 6.851836%
Weighted Average Pass-Through Rate 6.839336%
Weighted Average Maturity(Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 6,416
Number Of Loans Paid In Full 104
Ending Scheduled Collateral Loan Count 6,312
Beginning Scheduled Collateral Balance 1,135,352,033.01
Ending Scheduled Collateral Balance 1,112,528,930.69
Ending Actual Collateral Balance at 29-Jul-2005 1,113,258,040.55
Monthly P&I Constant 7,693,194.50
Special Servicing Fee 0.00
Prepayment Penalties 345,875.81
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 737,426.18
Unscheduled Principal 22,085,676.14
Miscellaneous Reporting
LIBOR Index 3.460000%
Group 1 Cap Payment 0.00
Group 2 Cap Payment 0.00
Subordinate Cap Payment 0.00
Prepayment Penalties 345,875.81
Servicer Termination Trigger Event NO
Target Overcollateralization 13,900,088.16
Overcollateralization Amount 13,900,088.16
Overcollateralization Increase 0.00
Overcollateralization Reduction 0.00
Group Level Collateral Statement
Group 1 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.081085 7.624155 7.351836
Weighted Average Net Rate 6.581085 7.124155 6.851836
Weighted Average Maturity 357 357 357
Beginning Loan Count 1,995 4,421 6,416
Loans Paid In Full 38 66 104
Ending Loan Count 1,957 4,355 6,312
Beginning Scheduled Balance 569,314,913.12 566,037,119.89 1,135,352,033.01
Ending Scheduled Balance 557,034,830.88 555,494,099.81 1,112,528,930.69
Record Date 07/29/2005 07/29/2005 07/29/2005
Principal And Interest Constant 3,708,997.39 3,984,197.11 7,693,194.50
Scheduled Principal 349,524.81 387,901.37 737,426.18
Unscheduled Principal 11,930,557.43 10,155,118.71 22,085,676.14
Scheduled Interest 3,359,472.58 3,596,295.74 6,955,768.32
Servicing Fees 237,214.55 235,848.80 473,063.35
Master Servicing Fees 5,930.36 5,896.22 11,826.58
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 3,116,327.67 3,354,550.72 6,470,878.39
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.568585 7.111655 6.839336
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 38 11,951,484.22 11,931,870.83 0 0.00 0.00
2 66 10,141,343.54 10,123,847.06 0 0.00 0.00
Total 104 22,092,827.76 22,055,717.89 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 6,442.20
2 0 0.00 0.00 0 0.00 0.00 38,458.58
Total 0 0.00 0.00 0 0.00 0.00 44,900.78
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 0003189909 FL 80.00 01-Apr-2005 263,450.54 262,616.38
1 0003304953 MA 75.00 01-May-2005 393,750.00 392,991.13
1 0003359361 NY 70.00 01-May-2005 283,500.00 283,156.13
1 0003410602 NJ 52.41 01-Apr-2005 259,684.18 259,202.02
1 0003422722 CA 90.00 01-May-2005 337,239.32 336,447.72
1 0003480654 FL 90.00 01-Apr-2005 256,361.13 255,801.73
1 0003482478 MD 80.00 01-Apr-2005 348,800.00 348,800.00
1 0003495843 NJ 90.00 01-May-2005 280,800.00 280,213.97
1 0003501244 CA 74.07 01-May-2005 299,753.60 299,005.75
1 0003513546 CA 78.35 01-Apr-2005 419,246.65 418,101.12
1 0003516689 CA 80.00 01-Apr-2005 275,472.86 274,671.83
1 0003528262 AZ 80.00 01-Apr-2005 164,937.25 164,223.54
1 0003530425 AZ 80.00 01-Apr-2005 249,754.91 248,762.04
1 0003534666 TX 80.00 01-Apr-2005 244,453.64 243,375.87
1 0003582855 CA 78.06 01-Apr-2005 382,242.82 381,196.87
1 0003589520 CA 75.00 01-May-2005 330,000.00 329,246.69
1 0003590833 FL 62.22 01-May-2005 559,481.32 557,908.69
1 0003617198 AZ 80.00 01-Apr-2005 211,200.00 211,200.00
1 0003668316 NY 80.00 01-May-2005 440,000.00 438,538.92
1 0003678505 CA 80.00 01-Jun-2005 432,000.00 431,002.83
1 0003730819 CA 100.00 01-May-2005 475,000.00 473,611.67
1 0003740586 NJ 90.00 01-May-2005 348,300.00 347,233.23
1 0003742277 CA 85.00 01-May-2005 388,450.00 387,006.30
1 0003756020 FL 80.00 01-May-2005 427,920.00 426,719.55
1 0003794344 FL 90.00 01-Jun-2005 178,591.00 178,379.85
1 0003799269 FL 80.00 01-Jun-2005 191,200.00 191,200.00
1 0003819166 NJ 85.00 01-May-2005 357,000.00 356,252.96
1 0003823606 CA 80.00 01-May-2005 464,000.00 462,366.38
1 0003825346 CA 80.00 01-May-2005 296,000.00 295,001.60
1 0003853645 IL 85.00 01-Jun-2005 155,975.00 155,655.72
1 0003855970 FL 80.00 01-May-2005 319,920.00 319,919.98
1 0003856457 MD 80.00 01-May-2005 284,000.00 283,999.97
1 0003856812 FL 80.00 01-May-2005 236,000.00 236,000.00
1 0003959889 CA 80.00 01-Jun-2005 340,000.00 339,426.90
1 0003968872 CA 70.00 01-Jun-2005 301,000.00 300,309.34
1 0004011706 NJ 70.00 01-Jun-2005 252,000.00 251,629.48
1 0004044426 OK 84.36 01-Jun-2005 259,000.00 258,299.67
1 0004127411 CA 79.03 01-Jun-2005 245,000.00 244,639.40
2 0002953586 CA 45.94 01-Feb-2005 84,729.67 84,363.21
2 0003333739 GA 72.98 01-Apr-2005 208,000.00 208,000.00
2 0003371176 TX 90.00 01-Apr-2005 45,881.56 45,803.58
2 0003399268 CA 67.00 01-Apr-2005 174,030.85 173,345.58
2 0003407277 MO 80.00 01-Apr-2005 75,160.43 74,999.10
2 0003407905 CA 72.18 01-Apr-2005 230,760.29 229,791.44
2 0003451168 FL 60.00 01-Apr-2005 149,914.23 149,564.82
2 0003471695 FL 90.00 01-Apr-2005 165,486.61 165,025.54
2 0003478054 CA 47.02 01-May-2005 173,922.86 173,687.57
2 0003494184 TN 57.60 01-May-2005 72,000.00 71,793.89
2 0003494226 FL 95.00 01-May-2005 185,250.00 184,345.61
2 0003496700 NY 80.00 01-Apr-2005 175,910.27 175,544.32
2 0003497971 CA 80.00 01-Apr-2005 133,362.45 133,001.21
2 0003497989 MD 80.00 01-Apr-2005 235,657.63 235,135.87
2 0003515418 OK 80.00 01-Apr-2005 87,919.35 87,592.42
2 0003518453 MD 85.00 01-May-2005 114,710.90 114,591.38
2 0003520699 AZ 80.00 01-Apr-2005 101,459.70 101,245.79
2 0003521630 MD 63.09 01-May-2005 188,000.00 187,668.81
2 0003538246 FL 71.42 01-Apr-2005 89,919.51 89,593.11
2 0003541752 CA 88.91 01-Apr-2005 204,162.42 203,649.68
2 0003548781 NC 64.55 01-Apr-2005 94,768.96 94,309.07
2 0003549292 NC 63.69 01-Apr-2005 94,768.96 94,309.07
2 0003573821 CA 80.00 01-Apr-2005 155,905.49 155,520.71
2 0003584471 FL 70.00 01-Apr-2005 164,597.60 164,318.87
2 0003590155 FL 75.00 01-May-2005 146,095.15 145,851.99
2 0003591922 TN 95.00 01-May-2005 68,400.00 68,271.46
2 0003603438 FL 65.00 01-May-2005 136,420.32 136,177.80
2 0003617388 CA 84.94 01-Apr-2005 140,893.24 140,459.58
2 0003647948 MD 78.94 01-May-2005 209,883.60 209,529.17
2 0003690724 CA 34.16 01-May-2005 157,842.40 157,364.87
2 0003693751 NJ 58.14 01-May-2005 150,000.00 149,504.35
2 0003697562 FL 85.00 01-May-2005 144,500.00 144,211.69
2 0003704509 GA 80.00 01-May-2005 208,000.00 207,605.41
2 0003713518 CA 72.31 01-May-2005 235,000.00 234,412.60
2 0003732609 FL 80.00 01-May-2005 103,935.08 103,740.63
2 0003743630 MA 54.32 01-May-2005 219,818.95 219,269.45
2 0003768306 FL 60.41 01-May-2005 144,830.55 144,317.83
2 0003768975 PA 70.00 01-Jun-2005 45,500.00 45,419.43
2 0003771862 CA 60.44 01-May-2005 136,000.00 135,549.28
2 0003773702 MD 80.00 01-May-2005 192,000.00 191,539.75
2 0003776903 CA 64.29 01-May-2005 180,000.00 179,528.96
2 0003780749 FL 85.00 01-Jun-2005 165,750.00 165,429.09
2 0003796141 CA 50.58 01-May-2005 214,795.99 214,177.57
2 0003800299 FL 70.00 01-May-2005 154,000.00 153,823.23
2 0003801768 FL 80.00 01-Jun-2005 156,000.00 156,000.00
2 0003803715 NY 46.51 01-May-2005 200,000.00 199,379.48
2 0003821444 NJ 89.32 01-May-2005 238,250.52 237,494.89
2 0003829959 CA 85.00 01-May-2005 119,000.00 118,711.85
2 0003848363 CA 53.62 01-Jun-2005 215,000.00 214,369.87
2 0003860616 IL 90.00 01-Jun-2005 73,800.00 73,588.83
2 0003879780 CA 70.00 01-Jun-2005 259,000.00 258,549.67
2 0003912326 MD 85.00 01-Jun-2005 153,000.00 152,757.94
2 0003914009 CA 64.90 01-Jun-2005 165,500.00 165,074.69
2 0003916400 WI 50.00 01-Jun-2005 93,500.00 93,283.10
2 0003930641 CA 73.90 01-May-2005 218,000.00 217,313.53
2 0003931771 NY 34.15 01-Jun-2005 140,000.00 139,665.43
2 0003935129 CA 60.00 01-Jun-2005 105,000.00 104,816.68
2 0003970738 HI 80.00 01-Jun-2005 88,400.00 88,189.79
2 0003974086 FL 75.00 01-Jul-2005 93,750.00 93,656.41
2 0003974466 NJ 79.85 01-Jun-2005 210,000.00 209,616.02
2 0003997335 MD 80.43 01-Jun-2005 222,000.00 221,449.81
2 0004021200 NJ 80.00 01-Jun-2005 214,400.00 213,936.08
2 0004035564 MN 80.00 01-Jul-2005 140,000.00 139,746.17
2 0004060182 CA 77.44 01-Jul-2005 96,798.00 96,635.67
2 0004070785 NJ 78.13 01-Jun-2005 250,000.00 249,402.56
2 0004086641 CA 65.00 01-Jun-2005 130,000.00 129,636.87
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 0003189909 Loan Paid in Full 0 5.780% 358 4
1 0003304953 Loan Paid in Full 0 9.655% 359 3
1 0003359361 Loan Paid in Full 0 11.805% 359 3
1 0003410602 Loan Paid in Full 0 8.505% 358 4
1 0003422722 Loan Paid in Full 0 7.300% 359 3
1 0003480654 Loan Paid in Full 0 9.100% 358 4
1 0003482478 Loan Paid in Full 0 7.555% 358 4
1 0003495843 Loan Paid in Full 0 9.275% 359 3
1 0003501244 Loan Paid in Full 0 6.990% 359 3
1 0003513546 Loan Paid in Full 0 6.555% 358 4
1 0003516689 Loan Paid in Full 0 6.230% 358 4
1 0003528262 Loan Paid in Full 0 5.630% 358 4
1 0003530425 Loan Paid in Full 0 6.080% 358 4
1 0003534666 Loan Paid in Full 0 5.530% 358 4
1 0003582855 Loan Paid in Full 0 7.990% 358 4
1 0003589520 Loan Paid in Full 0 9.055% 359 3
1 0003590833 Loan Paid in Full 0 6.375% 359 3
1 0003617198 Loan Paid in Full 0 7.330% 358 4
1 0003668316 Loan Paid in Full 0 6.980% 359 3
1 0003678505 Loan Paid in Full (1) 7.350% 360 2
1 0003730819 Loan Paid in Full 0 7.625% 359 3
1 0003740586 Loan Paid in Full 0 7.390% 359 3
1 0003742277 Loan Paid in Full 0 6.400% 359 3
1 0003756020 Loan Paid in Full 0 7.830% 359 3
1 0003794344 Loan Paid in Full 0 10.580% 360 2
1 0003799269 Loan Paid in Full 0 6.890% 360 2
1 0003819166 Loan Paid in Full 0 9.262% 359 3
1 0003823606 Loan Paid in Full 0 6.680% 359 3
1 0003825346 Loan Paid in Full 0 6.900% 359 3
1 0003853645 Loan Paid in Full 0 7.950% 360 2
1 0003855970 Loan Paid in Full 0 6.590% 359 3
1 0003856457 Loan Paid in Full 0 6.200% 359 3
1 0003856812 Loan Paid in Full 0 7.530% 359 3
1 0003959889 Loan Paid in Full 0 8.900% 360 2
1 0003968872 Loan Paid in Full (1) 7.380% 360 2
1 0004011706 Loan Paid in Full 0 9.555% 360 2
1 0004044426 Loan Paid in Full 0 7.060% 360 2
1 0004127411 Loan Paid in Full 0 9.550% 360 2
2 0002953586 Loan Paid in Full 0 5.695% 356 6
2 0003333739 Loan Paid in Full 0 6.480% 358 4
2 0003371176 Loan Paid in Full 0 10.450% 358 4
2 0003399268 Loan Paid in Full 0 6.130% 358 4
2 0003407277 Loan Paid in Full 0 9.180% 358 4
2 0003407905 Loan Paid in Full 0 5.800% 358 4
2 0003451168 Loan Paid in Full 0 8.780% 358 4
2 0003471695 Loan Paid in Full 0 7.900% 358 4
2 0003478054 Loan Paid in Full 0 9.990% 359 3
2 0003494184 Loan Paid in Full 0 7.750% 359 3
2 0003494226 Loan Paid in Full 0 8.780% 359 3
2 0003496700 Loan Paid in Full 0 9.330% 358 4
2 0003497971 Loan Paid in Full 0 6.600% 358 4
2 0003497989 Loan Paid in Full 0 7.630% 358 4
2 0003515418 Loan Paid in Full 0 6.430% 358 4
2 0003518453 Loan Paid in Full (1) 11.208% 359 3
2 0003520699 Loan Paid in Full 0 7.875% 358 4
2 0003521630 Loan Paid in Full 0 10.080% 359 3
2 0003538246 Loan Paid in Full 0 6.555% 358 4
2 0003541752 Loan Paid in Full 0 6.990% 358 4
2 0003548781 Loan Paid in Full 0 5.930% 358 4
2 0003549292 Loan Paid in Full 0 5.930% 358 4
2 0003573821 Loan Paid in Full 0 8.500% 358 4
2 0003584471 Loan Paid in Full 0 8.955% 358 4
2 0003590155 Loan Paid in Full 0 9.000% 359 3
2 0003591922 Loan Paid in Full 0 9.775% 359 3
2 0003603438 Loan Paid in Full 0 8.680% 359 3
2 0003617388 Loan Paid in Full 0 7.400% 358 4
2 0003647948 Loan Paid in Full 0 8.930% 359 3
2 0003690724 Loan Paid in Full (1) 5.990% 359 3
2 0003693751 Loan Paid in Full 0 7.005% 359 3
2 0003697562 Loan Paid in Full 0 9.490% 359 3
2 0003704509 Loan Paid in Full 0 9.730% 359 3
2 0003713518 Loan Paid in Full 0 8.400% 359 3
2 0003732609 Loan Paid in Full 0 8.430% 359 3
2 0003743630 Loan Paid in Full (1) 6.980% 359 3
2 0003768306 Loan Paid in Full 0 5.150% 359 3
2 0003768975 Loan Paid in Full 0 8.662% 360 2
2 0003771862 Loan Paid in Full (1) 6.990% 359 3
2 0003773702 Loan Paid in Full 0 8.605% 359 3
2 0003776903 Loan Paid in Full 0 8.175% 359 3
2 0003780749 Loan Paid in Full 0 8.225% 360 2
2 0003796141 Loan Paid in Full 0 6.250% 359 3
2 0003800299 Loan Paid in Full 0 12.055% 359 3
2 0003801768 Loan Paid in Full (1) 6.825% 360 2
2 0003803715 Loan Paid in Full 0 7.325% 359 3
2 0003821444 Loan Paid in Full (1) 5.740% 359 3
2 0003829959 Loan Paid in Full 0 8.570% 359 3
2 0003848363 Loan Paid in Full 0 6.125% 360 2
2 0003860616 Loan Paid in Full 0 6.250% 360 2
2 0003879780 Loan Paid in Full 0 8.750% 360 2
2 0003912326 Loan Paid in Full 0 9.205% 360 2
2 0003914009 Loan Paid in Full 0 6.805% 360 2
2 0003916400 Loan Paid in Full 0 7.325% 360 2
2 0003930641 Loan Paid in Full 0 7.250% 359 3
2 0003931771 Loan Paid in Full (1) 7.175% 360 2
2 0003935129 Loan Paid in Full 0 8.730% 360 2
2 0003970738 Loan Paid in Full 0 7.200% 360 2
2 0003974086 Loan Paid in Full 0 9.450% 360 2
2 0003974466 Loan Paid in Full (1) 8.505% 360 2
2 0003997335 Loan Paid in Full 0 6.990% 360 2
2 0004021200 Loan Paid in Full 0 7.675% 360 2
2 0004035564 Loan Paid in Full (1) 6.500% 360 2
2 0004060182 Loan Paid in Full 0 6.900% 360 2
2 0004070785 Loan Paid in Full 0 7.175% 360 2
2 0004086641 Loan Paid in Full 0 6.375% 360 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.947% Current Month 21.013% Current Month 3,723.101%
3 Month Average 1.272% 3 Month Average 14.059% 3 Month Average 3,889.682%
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 6.568% N/A Jun-2005 3,949.511% N/A
Jul-2005 14.595% N/A Jul-2005 3,996.436% N/A
Aug-2005 21.013% N/A Aug-2005 3,723.101% 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 2.097% Current Month 22.454% Current Month 3,994.554%
3 Month Average 1.252% 3 Month Average 13.777% 3 Month Average 3,675.438%
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 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 5.483% N/A Jun-2005 3,343.455% N/A
Jul-2005 13.395% N/A Jul-2005 3,688.303% N/A
Aug-2005 22.454% N/A Aug-2005 3,994.554% 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 1.795% Current Month 19.539% Current Month 3,447.934%
3 Month Average 1.292% 3 Month Average 14.322% 3 Month Average 4,092.935%
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 7.643% N/A Jun-2005 4,532.909% N/A
Jul-2005 15.785% N/A Jul-2005 4,297.961% N/A
Aug-2005 19.539% N/A Aug-2005 3,447.934% 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%
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 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 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 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 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 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 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 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 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 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 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 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>