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 2005-1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-12
Pooling and Servicing Agreement) (Commission 54-2165624
(State or other File Number) 54-2165625
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 2005-1
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 2005-1 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 2005-1 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 2005-1 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 2005-1
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>
1-A-1 05949AM80 SEN 5.50000% 5,243,477.77 24,032.61
1-A-2 05949AM98 SEN 5.50000% 2,384,000.00 10,926.67
1-A-3 05949AN22 SEN 5.50000% 4,592,000.00 21,046.67
1-A-4 05949AN30 SEN 5.50000% 890,000.00 4,079.17
1-A-5 05949AN48 SEN 5.50000% 2,000,000.00 9,166.67
1-A-6 05949AN55 SEN 5.50000% 2,000,000.00 9,166.67
1-A-7 05949AN63 SEN 4.81000% 4,528,246.97 18,150.72
1-A-8 05949AN71 SEN 6.65000% 2,716,948.18 15,056.42
1-A-9 05949AN89 SEN 4.24125% 12,488,156.57 44,137.83
1-A-10 05949AN97 SEN 9.39231% 3,136,231.11 24,547.03
1-A-11 05949AP20 SEN 8.00000% 1,404,917.17 9,366.11
1-A-12 05949AP38 SEN 5.50000% 0.00 0.00
1-A-13 05949AP46 SEN 4.75000% 63,470,619.15 251,237.87
1-A-14 05949AP53 SEN 5.25000% 10,332,000.00 45,202.50
1-A-15 05949AP61 SEN 5.50000% 13,948,000.00 63,928.33
1-A-16 05949AP79 SEN 5.50000% 4,229,000.00 19,382.92
1-A-17 05949AP87 SEN 5.50000% 504,000.00 2,310.00
1-A-18 05949AP95 SEN 5.25000% 4,467,000.00 19,543.13
1-A-19 05949AQ29 SEN 5.25000% 0.00 41,821.64
1-A-20 05949AQ37 SEN 5.50000% 0.00 18,046.32
1-A-21 05949AQ45 SEN 5.25000% 10,000,000.00 43,750.00
1-A-22 05949AQ52 SEN 5.25000% 63,221,333.37 276,593.33
1-A-23 05949AQ60 SEN 5.25000% 4,467,000.00 19,543.13
1-A-24 05949AQ78 SEN 5.25000% 4,467,000.00 19,543.13
1-A-R 05949AQ86 SEN 5.50000% 0.00 0.00
1-A-LR 05949AQ94 SEN 5.50000% 0.00 0.00
2-A-1 05949AR28 SEN 5.00000% 70,453,324.03 293,555.52
30-PO 05949AR44 SEN 0.00000% 1,787,739.73 0.00
30-IO 05949AR36 SEN 5.50000% 0.00 16,347.50
15-PO 05949AR69 SEN 0.00000% 562,573.54 0.00
15-IO 05949AR51 SEN 5.00000% 0.00 5,749.79
30-B-1 05949AR77 SUB 5.50000% 3,427,846.27 15,710.96
30-B-2 05949AR85 SUB 5.50000% 1,223,663.71 5,608.46
30-B-3 05949AR93 SUB 5.50000% 734,396.71 3,365.98
30-B-4 05949AS50 SUB 5.50000% 490,259.43 2,247.02
30-B-5 05949AS68 SUB 5.50000% 367,198.36 1,682.99
30-B-6 05949AS76 SUB 5.50000% 367,274.41 1,683.34
15-B-1 05949AS27 SUB 5.00000% 493,528.61 2,056.37
15-B-2 05949AS35 SUB 5.00000% 341,673.65 1,423.64
15-B-3 05949AS43 SUB 5.00000% 190,792.12 794.97
15-B-4 05949AS84 SUB 5.00000% 75,927.48 316.36
15-B-5 05949AS92 SUB 5.00000% 75,927.48 316.36
15-B-6 05949AT26 SUB 5.00000% 114,119.23 475.50
Totals 301,196,175.05 1,361,913.63
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 0.00 5,243,477.77 24,032.61 0.00
1-A-2 0.00 0.00 2,384,000.00 10,926.67 0.00
1-A-3 0.00 0.00 4,592,000.00 21,046.67 0.00
1-A-4 0.00 0.00 890,000.00 4,079.17 0.00
1-A-5 0.00 0.00 2,000,000.00 9,166.67 0.00
1-A-6 0.00 0.00 2,000,000.00 9,166.67 0.00
1-A-7 0.00 0.00 4,528,246.97 18,150.72 0.00
1-A-8 0.00 0.00 2,716,948.18 15,056.42 0.00
1-A-9 0.00 0.00 12,488,156.57 44,137.83 0.00
1-A-10 0.00 0.00 3,136,231.11 24,547.03 0.00
1-A-11 0.00 0.00 1,404,917.17 9,366.11 0.00
1-A-12 0.00 0.00 0.00 0.00 0.00
1-A-13 399,723.26 0.00 63,070,895.89 650,961.13 0.00
1-A-14 0.00 0.00 10,332,000.00 45,202.50 0.00
1-A-15 0.00 0.00 13,948,000.00 63,928.33 0.00
1-A-16 0.00 0.00 4,229,000.00 19,382.92 0.00
1-A-17 0.00 0.00 504,000.00 2,310.00 0.00
1-A-18 0.00 0.00 4,467,000.00 19,543.13 0.00
1-A-19 0.00 0.00 0.00 41,821.64 0.00
1-A-20 0.00 0.00 0.00 18,046.32 0.00
1-A-21 0.00 0.00 10,000,000.00 43,750.00 0.00
1-A-22 258,650.80 0.00 62,962,682.56 535,244.13 0.00
1-A-23 0.00 0.00 4,467,000.00 19,543.13 0.00
1-A-24 0.00 0.00 4,467,000.00 19,543.13 0.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 995,587.53 0.00 69,457,736.50 1,289,143.05 0.00
30-PO 2,326.98 0.00 1,785,412.75 2,326.98 0.00
30-IO 0.00 0.00 0.00 16,347.50 0.00
15-PO 15,573.04 0.00 547,000.51 15,573.04 0.00
15-IO 0.00 0.00 0.00 5,749.79 0.00
30-B-1 3,830.54 0.00 3,424,015.73 19,541.50 0.00
30-B-2 1,367.42 0.00 1,222,296.29 6,975.88 0.00
30-B-3 820.67 0.00 733,576.04 4,186.65 0.00
30-B-4 547.85 0.00 489,711.57 2,794.87 0.00
30-B-5 410.34 0.00 366,788.02 2,093.33 0.00
30-B-6 410.42 0.00 366,864.00 2,093.76 0.00
15-B-1 1,972.69 0.00 491,555.92 4,029.06 0.00
15-B-2 1,365.71 0.00 340,307.94 2,789.35 0.00
15-B-3 762.62 0.00 190,029.51 1,557.59 0.00
15-B-4 303.49 0.00 75,623.99 619.85 0.00
15-B-5 303.49 0.00 75,623.99 619.85 0.00
15-B-6 456.15 0.00 113,663.08 931.65 0.00
Totals 1,684,413.00 0.00 299,511,762.06 3,046,326.63 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>
1-A-1 6,774,000.00 5,243,477.77 0.00 0.00 0.00 0.00
1-A-2 2,384,000.00 2,384,000.00 0.00 0.00 0.00 0.00
1-A-3 4,592,000.00 4,592,000.00 0.00 0.00 0.00 0.00
1-A-4 890,000.00 890,000.00 0.00 0.00 0.00 0.00
1-A-5 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00
1-A-6 2,000,000.00 2,000,000.00 0.00 0.00 0.00 0.00
1-A-7 5,850,000.00 4,528,246.97 0.00 0.00 0.00 0.00
1-A-8 3,510,000.00 2,716,948.18 0.00 0.00 0.00 0.00
1-A-9 13,029,133.00 12,488,156.57 0.00 0.00 0.00 0.00
1-A-10 3,272,090.00 3,136,231.11 0.00 0.00 0.00 0.00
1-A-11 1,465,777.00 1,404,917.17 0.00 0.00 0.00 0.00
1-A-12 4,233,000.00 0.00 0.00 0.00 0.00 0.00
1-A-13 65,604,000.00 63,470,619.15 149,594.03 250,129.23 0.00 0.00
1-A-14 10,332,000.00 10,332,000.00 0.00 0.00 0.00 0.00
1-A-15 13,948,000.00 13,948,000.00 0.00 0.00 0.00 0.00
1-A-16 4,229,000.00 4,229,000.00 0.00 0.00 0.00 0.00
1-A-17 504,000.00 504,000.00 0.00 0.00 0.00 0.00
1-A-18 4,467,000.00 4,467,000.00 0.00 0.00 0.00 0.00
1-A-19 0.00 0.00 0.00 0.00 0.00 0.00
1-A-20 0.00 0.00 0.00 0.00 0.00 0.00
1-A-21 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
1-A-22 70,177,000.00 63,221,333.37 96,798.51 161,852.29 0.00 0.00
1-A-23 4,467,000.00 4,467,000.00 0.00 0.00 0.00 0.00
1-A-24 4,467,000.00 4,467,000.00 0.00 0.00 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 76,143,000.00 70,453,324.03 281,609.91 713,977.62 0.00 0.00
30-PO 1,829,524.24 1,787,739.73 2,104.17 222.80 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 580,652.65 562,573.54 2,251.80 13,321.23 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
30-B-1 3,454,000.00 3,427,846.27 3,830.54 0.00 0.00 0.00
30-B-2 1,233,000.00 1,223,663.71 1,367.42 0.00 0.00 0.00
30-B-3 740,000.00 734,396.71 820.67 0.00 0.00 0.00
30-B-4 494,000.00 490,259.43 547.85 0.00 0.00 0.00
30-B-5 370,000.00 367,198.36 410.34 0.00 0.00 0.00
30-B-6 370,076.59 367,274.41 410.42 0.00 0.00 0.00
15-B-1 507,000.00 493,528.61 1,972.69 0.00 0.00 0.00
15-B-2 351,000.00 341,673.65 1,365.71 0.00 0.00 0.00
15-B-3 196,000.00 190,792.12 762.62 0.00 0.00 0.00
15-B-4 78,000.00 75,927.48 303.49 0.00 0.00 0.00
15-B-5 78,000.00 75,927.48 303.49 0.00 0.00 0.00
15-B-6 117,234.15 114,119.23 456.15 0.00 0.00 0.00
Totals 324,736,587.63 301,196,175.05 544,909.81 1,139,503.17 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>
1-A-1 0.00 5,243,477.77 0.77405931 0.00
1-A-2 0.00 2,384,000.00 1.00000000 0.00
1-A-3 0.00 4,592,000.00 1.00000000 0.00
1-A-4 0.00 890,000.00 1.00000000 0.00
1-A-5 0.00 2,000,000.00 1.00000000 0.00
1-A-6 0.00 2,000,000.00 1.00000000 0.00
1-A-7 0.00 4,528,246.97 0.77405931 0.00
1-A-8 0.00 2,716,948.18 0.77405931 0.00
1-A-9 0.00 12,488,156.57 0.95847948 0.00
1-A-10 0.00 3,136,231.11 0.95847948 0.00
1-A-11 0.00 1,404,917.17 0.95847948 0.00
1-A-12 0.00 0.00 0.00000000 0.00
1-A-13 399,723.26 63,070,895.89 0.96138796 399,723.26
1-A-14 0.00 10,332,000.00 1.00000000 0.00
1-A-15 0.00 13,948,000.00 1.00000000 0.00
1-A-16 0.00 4,229,000.00 1.00000000 0.00
1-A-17 0.00 504,000.00 1.00000000 0.00
1-A-18 0.00 4,467,000.00 1.00000000 0.00
1-A-19 0.00 0.00 0.00000000 0.00
1-A-20 0.00 0.00 0.00000000 0.00
1-A-21 0.00 10,000,000.00 1.00000000 0.00
1-A-22 258,650.80 62,962,682.56 0.89719826 258,650.80
1-A-23 0.00 4,467,000.00 1.00000000 0.00
1-A-24 0.00 4,467,000.00 1.00000000 0.00
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 995,587.53 69,457,736.50 0.91220121 995,587.53
30-PO 2,326.98 1,785,412.75 0.97588909 2,326.98
30-IO 0.00 0.00 0.00000000 0.00
15-PO 15,573.04 547,000.51 0.94204428 15,573.04
15-IO 0.00 0.00 0.00000000 0.00
30-B-1 3,830.54 3,424,015.73 0.99131897 3,830.54
30-B-2 1,367.42 1,222,296.29 0.99131897 1,367.42
30-B-3 820.67 733,576.04 0.99131897 820.67
30-B-4 547.85 489,711.57 0.99131897 547.85
30-B-5 410.34 366,788.02 0.99131897 410.34
30-B-6 410.42 366,864.00 0.99131912 410.42
15-B-1 1,972.69 491,555.92 0.96953830 1,972.69
15-B-2 1,365.71 340,307.94 0.96953829 1,365.71
15-B-3 762.62 190,029.51 0.96953832 762.62
15-B-4 303.49 75,623.99 0.96953833 303.49
15-B-5 303.49 75,623.99 0.96953833 303.49
15-B-6 456.15 113,663.08 0.96953900 456.15
Totals 1,684,413.00 299,511,762.06 0.92232219 1,684,413.00
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>
1-A-1 6,774,000.00 774.05931060 0.00000000 0.00000000 0.00000000
1-A-2 2,384,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 4,592,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-5 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 2,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-7 5,850,000.00 774.05931111 0.00000000 0.00000000 0.00000000
1-A-8 3,510,000.00 774.05931054 0.00000000 0.00000000 0.00000000
1-A-9 13,029,133.00 958.47947596 0.00000000 0.00000000 0.00000000
1-A-10 3,272,090.00 958.47947642 0.00000000 0.00000000 0.00000000
1-A-11 1,465,777.00 958.47947539 0.00000000 0.00000000 0.00000000
1-A-12 4,233,000.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-13 65,604,000.00 967.48093333 2.28025776 3.81271310 0.00000000
1-A-14 10,332,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-15 13,948,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-16 4,229,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-17 504,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-18 4,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-19 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-20 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-21 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-22 70,177,000.00 900.88395585 1.37934808 2.30634382 0.00000000
1-A-23 4,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-24 4,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 76,143,000.00 925.27644078 3.69843466 9.37679918 0.00000000
30-PO 1,829,524.24 977.16099678 1.15011868 0.12178029 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 580,652.65 968.86415657 3.87804998 22.94182245 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 3,454,000.00 992.42798784 1.10901563 0.00000000 0.00000000
30-B-2 1,233,000.00 992.42798865 1.10901865 0.00000000 0.00000000
30-B-3 740,000.00 992.42798649 1.10901351 0.00000000 0.00000000
30-B-4 494,000.00 992.42799595 1.10900810 0.00000000 0.00000000
30-B-5 370,000.00 992.42800000 1.10902703 0.00000000 0.00000000
30-B-6 370,076.59 992.42810792 1.10901368 0.00000000 0.00000000
15-B-1 507,000.00 973.42921105 3.89090730 0.00000000 0.00000000
15-B-2 351,000.00 973.42920228 3.89091168 0.00000000 0.00000000
15-B-3 196,000.00 973.42918367 3.89091837 0.00000000 0.00000000
15-B-4 78,000.00 973.42923077 3.89089744 0.00000000 0.00000000
15-B-5 78,000.00 973.42923077 3.89089744 0.00000000 0.00000000
15-B-6 117,234.15 973.42992635 3.89093110 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>
1-A-1 0.00000000 0.00000000 774.05931060 0.77405931 0.00000000
1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-7 0.00000000 0.00000000 774.05931111 0.77405931 0.00000000
1-A-8 0.00000000 0.00000000 774.05931054 0.77405931 0.00000000
1-A-9 0.00000000 0.00000000 958.47947596 0.95847948 0.00000000
1-A-10 0.00000000 0.00000000 958.47947642 0.95847948 0.00000000
1-A-11 0.00000000 0.00000000 958.47947539 0.95847948 0.00000000
1-A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-13 0.00000000 6.09297086 961.38796247 0.96138796 6.09297086
1-A-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-18 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-19 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-20 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-21 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-22 0.00000000 3.68569189 897.19826382 0.89719826 3.68569189
1-A-23 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-24 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 13.07523384 912.20120694 0.91220121 13.07523384
30-PO 0.00000000 1.27190444 975.88909235 0.97588909 1.27190444
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 26.81988965 942.04428413 0.94204428 26.81988965
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 0.00000000 1.10901563 991.31897221 0.99131897 1.10901563
30-B-2 0.00000000 1.10901865 991.31896999 0.99131897 1.10901865
30-B-3 0.00000000 1.10901351 991.31897297 0.99131897 1.10901351
30-B-4 0.00000000 1.10900810 991.31896761 0.99131897 1.10900810
30-B-5 0.00000000 1.10902703 991.31897297 0.99131897 1.10902703
30-B-6 0.00000000 1.10901368 991.31912127 0.99131912 1.10901368
15-B-1 0.00000000 3.89090730 969.53830375 0.96953830 3.89090730
15-B-2 0.00000000 3.89091168 969.53829060 0.96953829 3.89091168
15-B-3 0.00000000 3.89091837 969.53831633 0.96953832 3.89091837
15-B-4 0.00000000 3.89089744 969.53833333 0.96953833 3.89089744
15-B-5 0.00000000 3.89089744 969.53833333 0.96953833 3.89089744
15-B-6 0.00000000 3.89093110 969.53899525 0.96953900 3.89093110
<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>
1-A-1 6,774,000.00 5.50000% 5,243,477.77 24,032.61 0.00 0.00
1-A-2 2,384,000.00 5.50000% 2,384,000.00 10,926.67 0.00 0.00
1-A-3 4,592,000.00 5.50000% 4,592,000.00 21,046.67 0.00 0.00
1-A-4 890,000.00 5.50000% 890,000.00 4,079.17 0.00 0.00
1-A-5 2,000,000.00 5.50000% 2,000,000.00 9,166.67 0.00 0.00
1-A-6 2,000,000.00 5.50000% 2,000,000.00 9,166.67 0.00 0.00
1-A-7 5,850,000.00 4.81000% 4,528,246.97 18,150.72 0.00 0.00
1-A-8 3,510,000.00 6.65000% 2,716,948.18 15,056.42 0.00 0.00
1-A-9 13,029,133.00 4.24125% 12,488,156.57 44,137.83 0.00 0.00
1-A-10 3,272,090.00 9.39231% 3,136,231.11 24,547.03 0.00 0.00
1-A-11 1,465,777.00 8.00000% 1,404,917.17 9,366.11 0.00 0.00
1-A-12 4,233,000.00 5.50000% 0.00 0.00 0.00 0.00
1-A-13 65,604,000.00 4.75000% 63,470,619.15 251,237.87 0.00 0.00
1-A-14 10,332,000.00 5.25000% 10,332,000.00 45,202.50 0.00 0.00
1-A-15 13,948,000.00 5.50000% 13,948,000.00 63,928.33 0.00 0.00
1-A-16 4,229,000.00 5.50000% 4,229,000.00 19,382.92 0.00 0.00
1-A-17 504,000.00 5.50000% 504,000.00 2,310.00 0.00 0.00
1-A-18 4,467,000.00 5.25000% 4,467,000.00 19,543.13 0.00 0.00
1-A-19 0.00 5.25000% 9,559,231.31 41,821.64 0.00 0.00
1-A-20 0.00 5.50000% 3,937,378.79 18,046.32 0.00 0.00
1-A-21 10,000,000.00 5.25000% 10,000,000.00 43,750.00 0.00 0.00
1-A-22 70,177,000.00 5.25000% 63,221,333.37 276,593.33 0.00 0.00
1-A-23 4,467,000.00 5.25000% 4,467,000.00 19,543.13 0.00 0.00
1-A-24 4,467,000.00 5.25000% 4,467,000.00 19,543.13 0.00 0.00
1-A-R 50.00 5.50000% 0.00 0.00 0.00 0.00
1-A-LR 50.00 5.50000% 0.00 0.00 0.00 0.00
2-A-1 76,143,000.00 5.00000% 70,453,324.03 293,555.52 0.00 0.00
30-PO 1,829,524.24 0.00000% 1,787,739.73 0.00 0.00 0.00
30-IO 0.00 5.50000% 3,566,727.16 16,347.50 0.00 0.00
15-PO 580,652.65 0.00000% 562,573.54 0.00 0.00 0.00
15-IO 0.00 5.00000% 1,379,949.40 5,749.79 0.00 0.00
30-B-1 3,454,000.00 5.50000% 3,427,846.27 15,710.96 0.00 0.00
30-B-2 1,233,000.00 5.50000% 1,223,663.71 5,608.46 0.00 0.00
30-B-3 740,000.00 5.50000% 734,396.71 3,365.98 0.00 0.00
30-B-4 494,000.00 5.50000% 490,259.43 2,247.02 0.00 0.00
30-B-5 370,000.00 5.50000% 367,198.36 1,682.99 0.00 0.00
30-B-6 370,076.59 5.50000% 367,274.41 1,683.34 0.00 0.00
15-B-1 507,000.00 5.00000% 493,528.61 2,056.37 0.00 0.00
15-B-2 351,000.00 5.00000% 341,673.65 1,423.64 0.00 0.00
15-B-3 196,000.00 5.00000% 190,792.12 794.97 0.00 0.00
15-B-4 78,000.00 5.00000% 75,927.48 316.36 0.00 0.00
15-B-5 78,000.00 5.00000% 75,927.48 316.36 0.00 0.00
15-B-6 117,234.15 5.00000% 114,119.23 475.50 0.00 0.00
Totals 324,736,587.63 1,361,913.63 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>
1-A-1 0.00 0.00 24,032.61 0.00 5,243,477.77
1-A-2 0.00 0.00 10,926.67 0.00 2,384,000.00
1-A-3 0.00 0.00 21,046.67 0.00 4,592,000.00
1-A-4 0.00 0.00 4,079.17 0.00 890,000.00
1-A-5 0.00 0.00 9,166.67 0.00 2,000,000.00
1-A-6 0.00 0.00 9,166.67 0.00 2,000,000.00
1-A-7 0.00 0.00 18,150.72 0.00 4,528,246.97
1-A-8 0.00 0.00 15,056.42 0.00 2,716,948.18
1-A-9 0.00 0.00 44,137.83 0.00 12,488,156.57
1-A-10 0.00 0.00 24,547.03 0.00 3,136,231.11
1-A-11 0.00 0.00 9,366.11 0.00 1,404,917.17
1-A-12 0.00 0.00 0.00 0.00 0.00
1-A-13 0.00 0.00 251,237.87 0.00 63,070,895.89
1-A-14 0.00 0.00 45,202.50 0.00 10,332,000.00
1-A-15 0.00 0.00 63,928.33 0.00 13,948,000.00
1-A-16 0.00 0.00 19,382.92 0.00 4,229,000.00
1-A-17 0.00 0.00 2,310.00 0.00 504,000.00
1-A-18 0.00 0.00 19,543.13 0.00 4,467,000.00
1-A-19 0.00 0.00 41,821.64 0.00 9,502,127.98
1-A-20 0.00 0.00 18,046.32 0.00 3,925,621.93
1-A-21 0.00 0.00 43,750.00 0.00 10,000,000.00
1-A-22 0.00 0.00 276,593.33 0.00 62,962,682.56
1-A-23 0.00 0.00 19,543.13 0.00 4,467,000.00
1-A-24 0.00 0.00 19,543.13 0.00 4,467,000.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 293,555.52 0.00 69,457,736.50
30-PO 0.00 0.00 0.00 0.00 1,785,412.75
30-IO 0.00 0.00 16,347.50 0.00 3,480,074.92
15-PO 0.00 0.00 0.00 0.00 547,000.51
15-IO 0.00 0.00 5,749.79 0.00 1,369,160.18
30-B-1 0.00 0.00 15,710.96 0.00 3,424,015.73
30-B-2 0.00 0.00 5,608.46 0.00 1,222,296.29
30-B-3 0.00 0.00 3,365.98 0.00 733,576.04
30-B-4 0.00 0.00 2,247.02 0.00 489,711.57
30-B-5 0.00 0.00 1,682.99 0.00 366,788.02
30-B-6 0.00 0.00 1,683.34 0.00 366,864.00
15-B-1 0.00 0.00 2,056.37 0.00 491,555.92
15-B-2 0.00 0.00 1,423.64 0.00 340,307.94
15-B-3 0.00 0.00 794.97 0.00 190,029.51
15-B-4 0.00 0.00 316.36 0.00 75,623.99
15-B-5 0.00 0.00 316.36 0.00 75,623.99
15-B-6 0.00 0.00 475.50 0.00 113,663.08
Totals 0.00 0.00 1,361,913.63 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>
1-A-1 6,774,000.00 5.50000% 774.05931060 3.54777236 0.00000000 0.00000000
1-A-2 2,384,000.00 5.50000% 1000.00000000 4.58333473 0.00000000 0.00000000
1-A-3 4,592,000.00 5.50000% 1000.00000000 4.58333406 0.00000000 0.00000000
1-A-4 890,000.00 5.50000% 1000.00000000 4.58333708 0.00000000 0.00000000
1-A-5 2,000,000.00 5.50000% 1000.00000000 4.58333500 0.00000000 0.00000000
1-A-6 2,000,000.00 5.50000% 1000.00000000 4.58333500 0.00000000 0.00000000
1-A-7 5,850,000.00 4.81000% 774.05931111 3.10268718 0.00000000 0.00000000
1-A-8 3,510,000.00 6.65000% 774.05931054 4.28957835 0.00000000 0.00000000
1-A-9 13,029,133.00 4.24125% 958.47947596 3.38762602 0.00000000 0.00000000
1-A-10 3,272,090.00 9.39231% 958.47947642 7.50194218 0.00000000 0.00000000
1-A-11 1,465,777.00 8.00000% 958.47947539 6.38986012 0.00000000 0.00000000
1-A-12 4,233,000.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-13 65,604,000.00 4.75000% 967.48093333 3.82961207 0.00000000 0.00000000
1-A-14 10,332,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
1-A-15 13,948,000.00 5.50000% 1000.00000000 4.58333309 0.00000000 0.00000000
1-A-16 4,229,000.00 5.50000% 1000.00000000 4.58333412 0.00000000 0.00000000
1-A-17 504,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-18 4,467,000.00 5.25000% 1000.00000000 4.37500112 0.00000000 0.00000000
1-A-19 0.00 5.25000% 969.10293086 4.23982563 0.00000000 0.00000000
1-A-20 0.00 5.50000% 925.66995059 4.24265407 0.00000000 0.00000000
1-A-21 10,000,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
1-A-22 70,177,000.00 5.25000% 900.88395585 3.94136726 0.00000000 0.00000000
1-A-23 4,467,000.00 5.25000% 1000.00000000 4.37500112 0.00000000 0.00000000
1-A-24 4,467,000.00 5.25000% 1000.00000000 4.37500112 0.00000000 0.00000000
1-A-R 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 76,143,000.00 5.00000% 925.27644078 3.85531855 0.00000000 0.00000000
30-PO 1,829,524.24 0.00000% 977.16099678 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 838.03830249 3.84100901 0.00000000 0.00000000
15-PO 580,652.65 0.00000% 968.86415657 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.00000% 883.63842421 3.68182730 0.00000000 0.00000000
30-B-1 3,454,000.00 5.50000% 992.42798784 4.54862768 0.00000000 0.00000000
30-B-2 1,233,000.00 5.50000% 992.42798865 4.54862936 0.00000000 0.00000000
30-B-3 740,000.00 5.50000% 992.42798649 4.54862162 0.00000000 0.00000000
30-B-4 494,000.00 5.50000% 992.42799595 4.54862348 0.00000000 0.00000000
30-B-5 370,000.00 5.50000% 992.42800000 4.54862162 0.00000000 0.00000000
30-B-6 370,076.59 5.50000% 992.42810792 4.54862600 0.00000000 0.00000000
15-B-1 507,000.00 5.00000% 973.42921105 4.05595661 0.00000000 0.00000000
15-B-2 351,000.00 5.00000% 973.42920228 4.05595442 0.00000000 0.00000000
15-B-3 196,000.00 5.00000% 973.42918367 4.05596939 0.00000000 0.00000000
15-B-4 78,000.00 5.00000% 973.42923077 4.05589744 0.00000000 0.00000000
15-B-5 78,000.00 5.00000% 973.42923077 4.05589744 0.00000000 0.00000000
15-B-6 117,234.15 5.00000% 973.42992635 4.05598539 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>
1-A-1 0.00000000 0.00000000 3.54777236 0.00000000 774.05931060
1-A-2 0.00000000 0.00000000 4.58333473 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333406 0.00000000 1000.00000000
1-A-4 0.00000000 0.00000000 4.58333708 0.00000000 1000.00000000
1-A-5 0.00000000 0.00000000 4.58333500 0.00000000 1000.00000000
1-A-6 0.00000000 0.00000000 4.58333500 0.00000000 1000.00000000
1-A-7 0.00000000 0.00000000 3.10268718 0.00000000 774.05931111
1-A-8 0.00000000 0.00000000 4.28957835 0.00000000 774.05931054
1-A-9 0.00000000 0.00000000 3.38762602 0.00000000 958.47947596
1-A-10 0.00000000 0.00000000 7.50194218 0.00000000 958.47947642
1-A-11 0.00000000 0.00000000 6.38986012 0.00000000 958.47947539
1-A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-13 0.00000000 0.00000000 3.82961207 0.00000000 961.38796247
1-A-14 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
1-A-15 0.00000000 0.00000000 4.58333309 0.00000000 1000.00000000
1-A-16 0.00000000 0.00000000 4.58333412 0.00000000 1000.00000000
1-A-17 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-18 0.00000000 0.00000000 4.37500112 0.00000000 1000.00000000
1-A-19 0.00000000 0.00000000 4.23982563 0.00000000 963.31386659
1-A-20 0.00000000 0.00000000 4.24265407 0.00000000 922.90593611
1-A-21 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
1-A-22 0.00000000 0.00000000 3.94136726 0.00000000 897.19826382
1-A-23 0.00000000 0.00000000 4.37500112 0.00000000 1000.00000000
1-A-24 0.00000000 0.00000000 4.37500112 0.00000000 1000.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 3.85531855 0.00000000 912.20120694
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 975.88909235
30-IO 0.00000000 0.00000000 3.84100901 0.00000000 817.67849002
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 942.04428413
15-IO 0.00000000 0.00000000 3.68182730 0.00000000 876.72964236
30-B-1 0.00000000 0.00000000 4.54862768 0.00000000 991.31897221
30-B-2 0.00000000 0.00000000 4.54862936 0.00000000 991.31896999
30-B-3 0.00000000 0.00000000 4.54862162 0.00000000 991.31897297
30-B-4 0.00000000 0.00000000 4.54862348 0.00000000 991.31896761
30-B-5 0.00000000 0.00000000 4.54862162 0.00000000 991.31897297
30-B-6 0.00000000 0.00000000 4.54862600 0.00000000 991.31912127
15-B-1 0.00000000 0.00000000 4.05595661 0.00000000 969.53830375
15-B-2 0.00000000 0.00000000 4.05595442 0.00000000 969.53829060
15-B-3 0.00000000 0.00000000 4.05596939 0.00000000 969.53831633
15-B-4 0.00000000 0.00000000 4.05589744 0.00000000 969.53833333
15-B-5 0.00000000 0.00000000 4.05589744 0.00000000 969.53833333
15-B-6 0.00000000 0.00000000 4.05598539 0.00000000 969.53899525
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
X-PO-1 0.00000% 0.00 0.00 1,787,739.73 1,785,412.75 97.58890923%
X-PO-2 0.00000% 0.00 0.00 562,573.54 547,000.51 94.20442841%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,110,958.30
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 3,110,958.30
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 64,631.67
Payment of Interest and Principal 3,046,326.63
Total Withdrawals (Pool Distribution Amount) 3,110,958.30
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 62,749.20
Trustee Fee 1,882.47
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 64,631.67
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 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
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 0.000000% 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%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 - 30 Year Fixed 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 - 15 Year Fixed No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 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 - 30 Year Fixed 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 - 15 Year Fixed 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 - 30 Year Fixed 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 - 15 Year Fixed 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 Fixed
Weighted Average Gross Coupon 5.683519%
Weighted Average Pass-Through Rate 5.426019%
Weighted Average Maturity(Stepdown Calculation) 259
Beginning Scheduled Collateral Loan Count 598
Number Of Loans Paid In Full 2
Ending Scheduled Collateral Loan Count 596
Beginning Scheduled Collateral Balance 301,196,174.90
Ending Scheduled Collateral Balance 299,511,761.91
Ending Actual Collateral Balance at 31-Aug-2005 299,929,378.12
Monthly P&I Constant 1,971,455.03
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 2,962,293.27
Class AP Deferred Amount 0.00
Scheduled Principal 544,909.81
Unscheduled Principal 1,139,503.18
Miscellaneous Reporting
Senior % 97.355624%
Subordinate % 2.644376%
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 15 Year Fixed Total
Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.800247 5.314020 5.683519
Weighted Average Net Rate 5.550247 5.064020 5.433519
Weighted Average Maturity 349 170 259
Beginning Loan Count 468 130 598
Loans Paid In Full 1 1 2
Ending Loan Count 467 129 596
Beginning Scheduled Balance 228,888,308.85 72,307,866.05 301,196,174.90
Ending Scheduled Balance 228,220,220.57 71,291,541.34 299,511,761.91
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 1,362,224.63 609,230.40 1,971,455.03
Scheduled Principal 255,883.95 289,025.86 544,909.81
Unscheduled Principal 412,204.33 727,298.85 1,139,503.18
Scheduled Interest 1,106,340.68 320,204.54 1,426,545.22
Servicing Fees 47,685.06 15,064.14 62,749.20
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,430.55 451.92 1,882.47
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 1,057,225.07 304,688.48 1,361,913.55
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 5.542747 5.056520 5.426019
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 2.142171%
Subordinate % 2.910886%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.089114%
Group 2 - 15 Year Fixed
CPR 11.467531%
Subordinate % 1.800771%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 98.199229%
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 - 30 Year Fixed 1 360,000.00 357,897.87 0 0.00 0.00
2 - 15 Year Fixed 1 517,310.00 503,730.06 0 0.00 0.00
Total 2 877,310.00 861,627.93 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 - 30 Year Fixed 0 0.00 0.00 0 0.00 0.00 54,613.81
2 - 15 Year Fixed 0 0.00 0.00 0 0.00 0.00 225,542.06
Total 0 0.00 0.00 0 0.00 0.00 280,155.87
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 - 30 Year Fixed 3301134445 FL 80.00 01-Feb-2005 360,000.00 357,590.52
2 - 15 Year Fixed 3301032110 VA 75.29 01-Feb-2005 517,310.00 501,756.79
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 - 30 Year Fixed 3301134445 Loan Paid in Full 0 7.000% 360 7
2 - 15 Year Fixed 3301032110 Loan Paid in Full 0 5.125% 180 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.379% Current Month 4.455% Current Month 287.570%
3 Month Average 0.584% 3 Month Average 6.750% 3 Month Average 508.141%
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 7.986% N/A Feb-2005 5,522.420% N/A
Mar-2005 10.625% N/A Mar-2005 3,104.848% N/A
Apr-2005 20.449% N/A Apr-2005 3,726.661% N/A
May-2005 10.811% N/A May-2005 1,442.576% N/A
Jun-2005 5.051% N/A Jun-2005 532.119% N/A
Jul-2005 5.099% N/A Jul-2005 443.827% N/A
Aug-2005 10.695% N/A Aug-2005 793.026% N/A
Sep-2005 4.455% N/A Sep-2005 287.570% 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 - 30 Year Fixed
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.180% Current Month 2.142% Current Month 138.350%
3 Month Average 0.591% 3 Month Average 6.791% 3 Month Average 525.005%
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 8.201% N/A Feb-2005 5,703.582% N/A
Mar-2005 13.672% N/A Mar-2005 4,006.052% N/A
Apr-2005 22.819% N/A Apr-2005 4,158.601% N/A
May-2005 7.335% N/A May-2005 979.337% N/A
Jun-2005 4.647% N/A Jun-2005 489.803% N/A
Jul-2005 6.545% N/A Jul-2005 569.886% N/A
Aug-2005 11.685% N/A Aug-2005 866.779% N/A
Sep-2005 2.142% N/A Sep-2005 138.350% 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 - 15 Year Fixed
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.010% Current Month 11.468% Current Month 739.324%
3 Month Average 0.562% 3 Month Average 6.435% 3 Month Average 441.432%
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 7.301% N/A Feb-2005 4,959.656% N/A
Mar-2005 0.283% N/A Mar-2005 81.911% N/A
Apr-2005 12.554% N/A Apr-2005 2,287.610% N/A
May-2005 20.908% N/A May-2005 2,784.544% N/A
Jun-2005 6.321% N/A Jun-2005 665.000% N/A
Jul-2005 0.357% N/A Jul-2005 30.993% N/A
Aug-2005 7.480% N/A Aug-2005 553.979% N/A
Sep-2005 11.468% N/A Sep-2005 739.324% 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 - 30 Year Fixed 0 0.00 0.00 0.000%
2 - 15 Year Fixed 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 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 - 30 Year Fixed
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 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 - 15 Year Fixed
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 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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>