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): September 26, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-F Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-25
Pooling and Servicing Agreement) (Commission 54-2176711
(State or other File Number) 54-2176712
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 September 26, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-F
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-F Trust, relating to the
September 26, 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-F Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 9/26/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-F Trust,
relating to the September 26, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 8/31/2005
Distribution Date: 9/26/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series BOAM2005-F
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 05949CBW5 SEN 4.43756% 35,286,581.12 114,037.05
1A2 05949CBX3 SEN 4.43756% 2,849,523.31 9,208.92
1AR 05949CBY1 SEN 4.43557% 0.00 0.00
2A1 05949CBZ8 SEN 4.75082% 221,231,941.14 875,860.65
2A2 05949CCA2 SEN 5.03582% 167,153,022.20 701,460.22
2A3 05949CCB0 SEN 4.74082% 161,160,094.72 636,692.29
2A4 05949CCC8 SEN 4.74082% 6,252,506.28 24,701.66
2IO 05949CCK0 SEN 0.20230% 0.00 97,254.88
3A1 05949CCD6 SEN 5.26117% 29,467,126.28 129,192.99
4A1 05949CCE4 SEN 5.39342% 54,151,041.90 243,382.72
1IO 05949CCJ3 SEN 0.56500% 0.00 18,658.52
B1 05949CCF1 SUB 4.87436% 15,043,111.10 60,658.71
B2 05949CCG9 SUB 4.87436% 4,298,174.51 17,331.63
B3 05949CCH7 SUB 4.87436% 2,506,352.40 10,106.43
B4 05949CCL8 SUB 4.87436% 1,433,057.95 5,778.55
B5 05949CCM6 SUB 4.87436% 1,074,293.79 4,331.90
B6 05949CCN4 SUB 4.87436% 1,432,743.16 5,777.29
Totals 703,339,569.86 2,954,434.41
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 1,571,210.35 0.00 33,715,370.77 1,685,247.40 0.00
1A2 126,881.11 0.00 2,722,642.20 136,090.03 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 3,446,985.28 0.00 217,784,955.87 4,322,845.93 0.00
2A2 2,604,388.88 0.00 164,548,633.32 3,305,849.10 0.00
2A3 2,511,013.87 0.00 158,649,080.85 3,147,706.16 0.00
2A4 97,419.46 0.00 6,155,086.82 122,121.12 0.00
2IO 0.00 0.00 0.00 97,254.88 0.00
3A1 1,333,073.97 0.00 28,134,052.30 1,462,266.96 0.00
4A1 30,829.19 0.00 54,120,212.71 274,211.91 0.00
1IO 0.00 0.00 0.00 18,658.52 0.00
B1 4,994.81 0.00 15,038,116.29 65,653.52 0.00
B2 1,427.13 0.00 4,296,747.37 18,758.76 0.00
B3 832.19 0.00 2,505,520.21 10,938.62 0.00
B4 475.82 0.00 1,432,582.13 6,254.37 0.00
B5 356.70 0.00 1,073,937.09 4,688.60 0.00
B6 475.72 0.00 1,432,267.44 6,253.01 0.00
Totals 11,730,364.48 0.00 691,609,205.37 14,684,798.89 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 36,989,000.00 35,286,581.12 14,313.46 1,556,896.90 0.00 0.00
1A2 2,987,000.00 2,849,523.31 1,155.87 125,725.24 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 225,000,000.00 221,231,941.14 67,000.00 3,379,985.28 0.00 0.00
2A2 170,000,000.00 167,153,022.20 50,622.22 2,553,766.65 0.00 0.00
2A3 163,905,000.00 161,160,094.72 48,807.27 2,462,206.61 0.00 0.00
2A4 6,359,000.00 6,252,506.28 1,893.57 95,525.89 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 29,602,000.00 29,467,126.28 17,081.83 1,315,992.14 0.00 0.00
4A1 56,087,000.00 54,151,041.90 23,989.40 6,839.79 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 15,053,000.00 15,043,111.10 4,994.81 0.00 0.00 0.00
B2 4,301,000.00 4,298,174.51 1,427.13 0.00 0.00 0.00
B3 2,508,000.00 2,506,352.40 832.19 0.00 0.00 0.00
B4 1,434,000.00 1,433,057.95 475.82 0.00 0.00 0.00
B5 1,075,000.00 1,074,293.79 356.70 0.00 0.00 0.00
B6 1,433,685.00 1,432,743.16 475.72 0.00 0.00 0.00
Totals 716,733,785.00 703,339,569.86 233,425.99 11,496,938.50 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 1,571,210.35 33,715,370.77 0.91149722 1,571,210.35
1A2 126,881.11 2,722,642.20 0.91149722 126,881.11
1AR 0.00 0.00 0.00000000 0.00
2A1 3,446,985.28 217,784,955.87 0.96793314 3,446,985.28
2A2 2,604,388.88 164,548,633.32 0.96793314 2,604,388.88
2A3 2,511,013.87 158,649,080.85 0.96793314 2,511,013.87
2A4 97,419.46 6,155,086.82 0.96793314 97,419.46
2IO 0.00 0.00 0.00000000 0.00
3A1 1,333,073.97 28,134,052.30 0.95041052 1,333,073.97
4A1 30,829.19 54,120,212.71 0.96493328 30,829.19
1IO 0.00 0.00 0.00000000 0.00
B1 4,994.81 15,038,116.29 0.99901125 4,994.81
B2 1,427.13 4,296,747.37 0.99901125 1,427.13
B3 832.19 2,505,520.21 0.99901125 832.19
B4 475.82 1,432,582.13 0.99901125 475.82
B5 356.70 1,073,937.09 0.99901125 356.70
B6 475.72 1,432,267.44 0.99901125 475.72
Totals 11,730,364.48 691,609,205.37 0.96494573 11,730,364.48
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 36,989,000.00 953.97499581 0.38696531 42.09080808 0.00000000
1A2 2,987,000.00 953.97499498 0.38696686 42.09080683 0.00000000
1AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 225,000,000.00 983.25307173 0.29777778 15.02215680 0.00000000
2A2 170,000,000.00 983.25307176 0.29777776 15.02215676 0.00000000
2A3 163,905,000.00 983.25307172 0.29777780 15.02215680 0.00000000
2A4 6,359,000.00 983.25307124 0.29777795 15.02215600 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 29,602,000.00 995.44376326 0.57704986 44.45619012 0.00000000
4A1 56,087,000.00 965.48294435 0.42771765 0.12194965 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 15,053,000.00 999.34306118 0.33181492 0.00000000 0.00000000
B2 4,301,000.00 999.34306208 0.33181353 0.00000000 0.00000000
B3 2,508,000.00 999.34306220 0.33181419 0.00000000 0.00000000
B4 1,434,000.00 999.34306137 0.33181311 0.00000000 0.00000000
B5 1,075,000.00 999.34306047 0.33181395 0.00000000 0.00000000
B6 1,433,685.00 999.34306350 0.33181626 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 42.47777312 911.49722269 0.91149722 42.47777312
1A2 0.00000000 42.47777369 911.49722129 0.91149722 42.47777369
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 15.31993458 967.93313720 0.96793314 15.31993458
2A2 0.00000000 15.31993459 967.93313718 0.96793314 15.31993459
2A3 0.00000000 15.31993454 967.93313718 0.96793314 15.31993454
2A4 0.00000000 15.31993395 967.93313729 0.96793314 15.31993395
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 45.03323998 950.41052294 0.95041052 45.03323998
4A1 0.00000000 0.54966730 964.93327705 0.96493328 0.54966730
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.33181492 999.01124626 0.99901125 0.33181492
B2 0.00000000 0.33181353 999.01124622 0.99901125 0.33181353
B3 0.00000000 0.33181419 999.01124801 0.99901125 0.33181419
B4 0.00000000 0.33181311 999.01124826 0.99901125 0.33181311
B5 0.00000000 0.33181395 999.01124651 0.99901125 0.33181395
B6 0.00000000 0.33181626 999.01124724 0.99901125 0.33181626
<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 36,989,000.00 4.43756% 35,286,581.12 130,488.56 0.00 0.00
1A2 2,987,000.00 4.43756% 2,849,523.31 10,537.44 0.00 0.00
1AR 100.00 4.43557% 0.00 0.00 0.00 0.00
2A1 225,000,000.00 4.75082% 221,231,941.14 875,860.65 0.00 0.00
2A2 170,000,000.00 5.03582% 167,153,022.20 701,460.22 0.00 0.00
2A3 163,905,000.00 4.74082% 161,160,094.72 636,692.29 0.00 0.00
2A4 6,359,000.00 4.74082% 6,252,506.28 24,701.66 0.00 0.00
2IO 0.00 0.20230% 576,895,137.00 97,254.88 0.00 0.00
3A1 29,602,000.00 5.26117% 29,467,126.28 129,192.99 0.00 0.00
4A1 56,087,000.00 5.39342% 54,151,041.90 243,382.72 0.00 0.00
1IO 0.00 0.56500% 39,628,723.12 18,658.52 0.00 0.00
B1 15,053,000.00 4.87436% 15,043,111.10 61,104.61 0.00 0.00
B2 4,301,000.00 4.87436% 4,298,174.51 17,459.04 0.00 0.00
B3 2,508,000.00 4.87436% 2,506,352.40 10,180.72 0.00 0.00
B4 1,434,000.00 4.87436% 1,433,057.95 5,821.03 0.00 0.00
B5 1,075,000.00 4.87436% 1,074,293.79 4,363.75 0.00 0.00
B6 1,433,685.00 4.87436% 1,432,743.16 5,819.75 0.00 0.00
Totals 716,733,785.00 2,972,978.83 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 16,451.51 0.00 114,037.05 0.00 33,715,370.77
1A2 1,328.52 0.00 9,208.92 0.00 2,722,642.20
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 875,860.65 0.00 217,784,955.87
2A2 0.00 0.00 701,460.22 0.00 164,548,633.32
2A3 0.00 0.00 636,692.29 0.00 158,649,080.85
2A4 0.00 0.00 24,701.66 0.00 6,155,086.82
2IO 0.00 0.00 97,254.88 0.00 568,228,940.12
3A1 0.00 0.00 129,192.99 0.00 28,134,052.30
4A1 0.00 0.00 243,382.72 0.00 54,120,212.71
1IO 0.00 0.00 18,658.52 0.00 37,930,026.20
B1 445.91 0.00 60,658.71 0.00 15,038,116.29
B2 127.41 0.00 17,331.63 0.00 4,296,747.37
B3 74.29 0.00 10,106.43 0.00 2,505,520.21
B4 42.48 0.00 5,778.55 0.00 1,432,582.13
B5 31.84 0.00 4,331.90 0.00 1,073,937.09
B6 42.47 0.00 5,777.29 0.00 1,432,267.44
Totals 18,544.43 0.00 2,954,434.41 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 36,989,000.00 4.43756% 953.97499581 3.52776663 0.00000000 0.00000000
1A2 2,987,000.00 4.43756% 953.97499498 3.52776699 0.00000000 0.00000000
1AR 100.00 4.43557% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 225,000,000.00 4.75082% 983.25307173 3.89271400 0.00000000 0.00000000
2A2 170,000,000.00 5.03582% 983.25307176 4.12623659 0.00000000 0.00000000
2A3 163,905,000.00 4.74082% 983.25307172 3.88452024 0.00000000 0.00000000
2A4 6,359,000.00 4.74082% 983.25307124 3.88451958 0.00000000 0.00000000
2IO 0.00 0.20230% 983.83418332 0.16585800 0.00000000 0.00000000
3A1 29,602,000.00 5.26117% 995.44376326 4.36433315 0.00000000 0.00000000
4A1 56,087,000.00 5.39342% 965.48294435 4.33937847 0.00000000 0.00000000
1IO 0.00 0.56500% 955.60199548 0.44992918 0.00000000 0.00000000
B1 15,053,000.00 4.87436% 999.34306118 4.05929781 0.00000000 0.00000000
B2 4,301,000.00 4.87436% 999.34306208 4.05929784 0.00000000 0.00000000
B3 2,508,000.00 4.87436% 999.34306220 4.05929825 0.00000000 0.00000000
B4 1,434,000.00 4.87436% 999.34306137 4.05929568 0.00000000 0.00000000
B5 1,075,000.00 4.87436% 999.34306047 4.05930233 0.00000000 0.00000000
B6 1,433,685.00 4.87436% 999.34306350 4.05929475 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 0.44476763 0.00000000 3.08299900 0.00000000 911.49722269
1A2 0.44476733 0.00000000 3.08299967 0.00000000 911.49722129
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.89271400 0.00000000 967.93313720
2A2 0.00000000 0.00000000 4.12623659 0.00000000 967.93313718
2A3 0.00000000 0.00000000 3.88452024 0.00000000 967.93313718
2A4 0.00000000 0.00000000 3.88451958 0.00000000 967.93313729
2IO 0.00000000 0.00000000 0.16585800 0.00000000 969.05489297
3A1 0.00000000 0.00000000 4.36433315 0.00000000 950.41052294
4A1 0.00000000 0.00000000 4.33937847 0.00000000 964.93327705
1IO 0.00000000 0.00000000 0.44992918 0.00000000 914.63983373
B1 0.02962267 0.00000000 4.02967581 0.00000000 999.01124626
B2 0.02962334 0.00000000 4.02967449 0.00000000 999.01124622
B3 0.02962121 0.00000000 4.02967703 0.00000000 999.01124801
B4 0.02962343 0.00000000 4.02967225 0.00000000 999.01124826
B5 0.02961860 0.00000000 4.02967442 0.00000000 999.01124651
B6 0.02962296 0.00000000 4.02967876 0.00000000 999.01124724
<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 14,836,921.25
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 14,836,921.25
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 152,122.36
Payment of Interest and Principal 14,684,798.89
Total Withdrawals (Pool Distribution Amount) 14,836,921.25
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 18,544.43
SERVICING FEES
<s> <c>
Gross Servicing Fee 150,657.08
Trustee Fee - Wells Fargo Bank, N.A. 1,465.28
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 152,122.36
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 5 0 0 0 5
3,351,225.60 0.00 0.00 0.00 3,351,225.60
60 Days 1 0 0 0 1
553,600.00 0.00 0.00 0.00 553,600.00
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 6 0 0 0 6
3,904,825.60 0.00 0.00 0.00 3,904,825.60
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 0.386100% 0.000000% 0.000000% 0.000000% 0.386100%
0.484430% 0.000000% 0.000000% 0.000000% 0.484430%
60 Days 0.077220% 0.000000% 0.000000% 0.000000% 0.077220%
0.080025% 0.000000% 0.000000% 0.000000% 0.080025%
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 0.463320% 0.000000% 0.000000% 0.000000% 0.463320%
0.564454% 0.000000% 0.000000% 0.000000% 0.564454%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1-Three Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- Five Year ARM 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
3,351,225.60 0.00 0.00 0.00 3,351,225.60
60 Days 1 0 0 0 1
553,600.00 0.00 0.00 0.00 553,600.00
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 6 0 0 0 6
3,904,825.60 0.00 0.00 0.00 3,904,825.60
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.467290% 0.000000% 0.000000% 0.000000% 0.467290%
0.589620% 0.000000% 0.000000% 0.000000% 0.589620%
60 Days 0.093458% 0.000000% 0.000000% 0.000000% 0.093458%
0.097401% 0.000000% 0.000000% 0.000000% 0.097401%
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 0.560748% 0.000000% 0.000000% 0.000000% 0.560748%
0.687022% 0.000000% 0.000000% 0.000000% 0.687022%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 - Seven Year ARM 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- Ten Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 17,793.49
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 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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-Three Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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- Five Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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 - Seven Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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- Ten Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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-Three Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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- Five Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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 - Seven Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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- Ten Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-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 5.331879%
Weighted Average Net Coupon 5.074836%
Weighted Average Pass-Through Rate 5.072336%
Weighted Average Maturity(Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 1,312
Number Of Loans Paid In Full 17
Ending Scheduled Collateral Loan Count 1,295
Beginning Scheduled Collateral Balance 703,339,570.08
Ending Scheduled Collateral Balance 691,609,205.59
Ending Actual Collateral Balance at 31-Aug-2005 691,787,573.05
Monthly P&I Constant 3,358,527.11
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 233,425.99
Unscheduled Principal 11,496,938.50
Miscellaneous Reporting
Total Senior Percentage 96.333531%
Aggregate Senior Percentage 3.666469%
Group Level Collateral Statement
Group 1-Three Year ARM 2- Five Year ARM 3 - Seven Year ARM
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 5.380059 5.288318 5.513670
Weighted Average Net Rate 5.005058 5.038318 5.263670
Weighted Average Maturity 357 357 357
Beginning Loan Count 74 1,083 55
Loans Paid In Full 3 13 1
Ending Loan Count 71 1,070 54
Beginning Scheduled Balance 39,628,723.12 576,895,137.00 30,571,775.61
Ending Scheduled Balance 37,930,026.20 568,228,940.12 29,238,061.28
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 193,745.49 2,717,050.04 158,191.08
Scheduled Principal 16,074.78 174,712.45 17,722.19
Unscheduled Principal 1,682,622.14 8,491,484.43 1,315,992.14
Scheduled Interest 177,670.71 2,542,337.59 140,468.89
Servicing Fees 12,383.98 120,186.49 6,369.12
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 82.56 1,201.86 63.69
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 165,204.17 2,420,949.24 134,036.08
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.002559 5.035818 5.261170
Group Level Collateral Statement
Group 4- Ten Year ARM Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.645919 5.331879
Weighted Average Net Rate 5.395919 5.074836
Weighted Average Maturity 357 357
Beginning Loan Count 100 1,312
Loans Paid In Full 0 17
Ending Loan Count 100 1,295
Beginning Scheduled Balance 56,243,934.35 703,339,570.08
Ending scheduled Balance 56,212,177.99 691,609,205.59
Record Date 08/31/2005 08/31/2005
Principal And Interest Constant 289,540.50 3,358,527.11
Scheduled Principal 24,916.57 233,425.99
Unscheduled Principal 6,839.79 11,496,938.50
Scheduled Interest 264,623.93 3,125,101.12
Servicing Fees 11,717.49 150,657.08
Master Servicing Fees 0.00 0.00
Trustee Fee 117.17 1,465.28
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 252,789.27 2,972,978.76
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 5.393419 5.072336
Miscellaneous Reporting
Group 1-Three Year ARM
CPR 40.599354%
Subordinate Percentage 3.766507%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.233493%
Group 2- Five Year ARM
CPR 16.305639%
Subordinate Percentage 3.657089%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.342911%
Group 3 - Seven Year ARM
CPR 41.040083%
Subordinate Percentage 3.613297%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.386703%
Miscellaneous Reporting
Group 4- Ten Year ARM
CPR 0.145898%
Subordinate Percentage 3.721098%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.278902%
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-Three Year ARM 3 1,651,600.00 1,648,921.85 0 0.00 0.00
2- Five Year ARM 13 6,979,200.00 6,977,087.50 0 0.00 0.00
3 - Seven Year ARM 1 1,320,000.00 1,317,171.05 0 0.00 0.00
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00
Total 17 9,950,800.00 9,943,180.40 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-Three Year ARM 0 0.00 0.00 0 0.00 0.00 34,830.65
2- Five Year ARM 0 0.00 0.00 0 0.00 0.00 1,514,396.93
3 - Seven Year ARM 0 0.00 0.00 0 0.00 0.00 245.52
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00 6,839.79
Total 0 0.00 0.00 0 0.00 0.00 1,556,312.89
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-Three Year ARM 6282088944 CA 80.00 01-Jul-2005 641,600.00 639,532.57
1-Three Year ARM 6440498746 CA 75.78 01-Jun-2005 360,000.00 358,258.92
1-Three Year ARM 6954667413 CA 77.28 01-Jun-2005 650,000.00 650,000.00
2- Five Year ARM 6016522424 CA 72.95 01-Jun-2005 445,000.00 445,000.00
2- Five Year ARM 6039384661 CA 80.00 01-Jun-2005 420,000.00 420,000.00
2- Five Year ARM 6089685637 CA 54.11 01-Jun-2005 460,000.00 460,000.00
2- Five Year ARM 6092459939 CA 30.00 01-Jul-2005 630,000.00 630,000.00
2- Five Year ARM 6125126273 CA 61.67 01-Jul-2005 478,000.00 478,000.00
2- Five Year ARM 6195098881 VA 57.08 01-Jul-2005 391,000.00 391,000.00
2- Five Year ARM 6215994622 CA 69.56 01-Jun-2005 600,000.00 599,987.50
2- Five Year ARM 6397217537 CA 52.69 01-Jun-2005 822,000.00 822,000.00
2- Five Year ARM 6503781707 CA 80.00 01-Jul-2005 588,000.00 586,000.00
2- Five Year ARM 6525663495 NY 57.14 01-Jun-2005 600,000.00 600,000.00
2- Five Year ARM 6898850901 CA 80.00 01-Jun-2005 624,000.00 623,900.00
2- Five Year ARM 6929984885 CA 32.14 01-Jun-2005 450,000.00 450,000.00
2- Five Year ARM 6965164210 FL 79.87 01-Jul-2005 471,200.00 471,200.00
3 - Seven Year ARM 6001141883 CA 48.88 01-Jul-2005 1,320,000.00 1,315,746.62
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-Three Year ARM 6282088944 Loan Paid in Full 0 5.625% 360 2
1-Three Year ARM 6440498746 Loan Paid in Full (1) 5.000% 360 3
1-Three Year ARM 6954667413 Loan Paid in Full (1) 5.625% 360 3
2- Five Year ARM 6016522424 Loan Paid in Full 0 5.500% 360 3
2- Five Year ARM 6039384661 Loan Paid in Full 0 5.500% 360 3
2- Five Year ARM 6089685637 Loan Paid in Full 0 5.875% 360 3
2- Five Year ARM 6092459939 Loan Paid in Full 0 5.875% 360 2
2- Five Year ARM 6125126273 Loan Paid in Full (1) 6.125% 360 2
2- Five Year ARM 6195098881 Loan Paid in Full 0 6.875% 360 2
2- Five Year ARM 6215994622 Loan Paid in Full 0 5.375% 360 3
2- Five Year ARM 6397217537 Loan Paid in Full 0 5.375% 360 3
2- Five Year ARM 6503781707 Loan Paid in Full (1) 5.250% 360 2
2- Five Year ARM 6525663495 Loan Paid in Full 0 5.750% 360 3
2- Five Year ARM 6898850901 Loan Paid in Full 0 5.375% 360 3
2- Five Year ARM 6929984885 Loan Paid in Full 0 6.500% 360 3
2- Five Year ARM 6965164210 Loan Paid in Full 0 5.750% 360 2
3 - Seven Year ARM 6001141883 Loan Paid in Full 0 5.625% 360 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.635% Current Month 17.950% Current Month 3,782.977%
3 Month Average 1.149% 3 Month Average 12.843% 3 Month Average 6,030.414%
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 7.023% N/A Jul-2005 9,379.888% N/A
Aug-2005 13.556% N/A Aug-2005 4,928.376% N/A
Sep-2005 17.950% N/A Sep-2005 3,782.977% 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-Three Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.248% Current Month 40.599% Current Month 8,624.082%
3 Month Average 2.876% 3 Month Average 28.002% 3 Month Average 9,977.898%
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 5.085% N/A Jul-2005 7,264.734% N/A
Aug-2005 38.323% N/A Aug-2005 14,044.877% N/A
Sep-2005 40.599% N/A Sep-2005 8,624.082% 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- Five Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.472% Current Month 16.306% Current Month 3,410.887%
3 Month Average 1.012% 3 Month Average 11.422% 3 Month Average 5,705.680%
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 7.977% N/A Jul-2005 10,124.522% N/A
Aug-2005 9.983% N/A Aug-2005 3,581.631% N/A
Sep-2005 16.306% N/A Sep-2005 3,410.887% 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 - Seven Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.307% Current Month 41.040% Current Month 9,388.836%
3 Month Average 1.546% 3 Month Average 14.978% 3 Month Average 6,767.535%
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 3.870% N/A Jul-2005 10,903.481% N/A
Aug-2005 0.024% N/A Aug-2005 10.288% N/A
Sep-2005 41.040% N/A Sep-2005 9,388.836% 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- Ten Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.012% Current Month 0.146% Current Month 31.680%
3 Month Average 1.088% 3 Month Average 10.976% 3 Month Average 4,264.242%
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.139% N/A Jul-2005 232.542% N/A
Aug-2005 32.643% N/A Aug-2005 12,528.503% N/A
Sep-2005 0.146% N/A Sep-2005 31.680% 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-Three Year ARM 0 0.00 0.00 0.000%
2- Five Year ARM 0 0.00 0.00 0.000%
3 - Seven Year ARM 0 0.00 0.00 0.000%
4- Ten Year ARM 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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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-Three Year ARM
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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- Five Year ARM
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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 - Seven Year ARM
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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- Ten Year ARM
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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-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>