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 2005-5 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-24
Pooling and Servicing Agreement) (Commission 54-2173205
(State or other File Number) 54-2173206
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 2005-5
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 2005-5 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 2005-5 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 2005-5 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 2005-5
Contact: CTSLink Customer Service
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
@ www.ctslink.com/cmbs
Telephone: (301) 815-6600
Fax: (301) 815-6600
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 05949CAA4 SEN 5.50000% 24,852,341.55 113,906.57
1-A-2 05949CAB2 SEN 5.50000% 2,258,000.00 10,349.17
1-A-3 05949CAC0 SEN 5.50000% 2,060,000.00 9,441.67
1-A-4 05949CAD8 SEN 5.50000% 1,154,000.00 5,289.17
1-A-5 05949CAE6 SEN 5.50000% 3,376,000.00 15,473.33
1-A-6 05949CAF3 SEN 5.25000% 24,336,020.76 106,470.09
1-A-7 05949CAG1 SEN 5.50000% 24,167,188.71 110,766.28
1-A-8 05949CAH9 SEN 5.50000% 58,370,207.22 267,530.12
1-A-9 05949CAJ5 SEN 5.25000% 48,989,621.98 214,329.60
1-A-10 05949CAK2 SEN 5.25000% 16,649,000.00 72,839.38
1-A-11 05949CAL0 SEN 5.50000% 13,970,909.10 64,033.33
1-A-12 05949CAM8 SEN 5.50000% 581,756.40 2,666.38
1-A-13 05949CAN6 SEN 5.50000% 21,626,000.00 99,119.17
1-A-14 05949CAP1 SEN 5.50000% 25,735,000.00 117,952.08
1-A-15 05949CAQ9 SEN 5.50000% 1,937,000.00 8,877.92
1-A-16 05949CAR7 SEN 5.25000% 10,140,850.67 44,366.22
1-A-17 05949CAS5 SEN 3.94125% 10,433,311.68 34,266.91
1-A-18 05949CAT3 SEN 3.55875% 0.00 30,941.29
1-A-19 05949CAU0 SEN 5.50000% 28,507,000.00 130,657.08
1-A-20 05949CAV8 SEN 5.50000% 0.00 2,358.61
1-A-21 05949CAW6 SEN 5.00000% 10,013,000.00 41,720.83
1-A-22 05949CAX4 SEN 5.00000% 22,009,000.00 91,704.17
1-A-23 05949CAY2 SEN 5.50000% 21,039,000.00 96,428.75
1-A-24 05949CAZ9 SEN 5.50000% 639,000.00 2,928.75
1-A-25 05949CBA3 SEN 5.50000% 6,514,000.00 29,855.83
1-A-26 05949CBB1 SEN 5.50000% 0.00 13,342.50
1-A-R 05949CBC9 SEN 5.50000% 0.00 0.04
2-A-1 05949CBF2 SEN 5.00000% 162,268,387.72 676,118.28
30-PO 05949CBE5 SEN 0.00000% 4,399,851.05 0.00
15-PO 05949CBH8 SEN 0.00000% 1,128,482.66 0.00
30-IO 05949CBD7 SEN 5.50000% 0.00 18,376.23
15-IO 05949CBG0 SEN 5.00000% 0.00 12,358.26
30-B-1 05949CBJ4 SUB 5.50000% 6,812,609.77 31,224.46
30-B-2 05949CBK1 SUB 5.50000% 2,003,415.60 9,182.32
30-B-3 05949CBL9 SUB 5.50000% 1,202,049.36 5,509.39
30-B-4 05949CBQ8 SUB 5.50000% 801,366.24 3,672.93
30-B-5 05949CBR6 SUB 5.50000% 601,024.68 2,754.70
30-B-6 05949CBS4 SUB 5.50000% 601,670.56 2,757.66
15-B-1 05949CBM7 SUB 5.00000% 1,536,116.60 6,400.49
15-B-2 05949CBN5 SUB 5.00000% 427,028.55 1,779.29
15-B-3 05949CBP0 SUB 5.00000% 341,029.75 1,420.96
15-B-4 05949CBT2 SUB 5.00000% 171,009.12 712.54
15-B-5 05949CBU9 SUB 5.00000% 171,009.12 712.54
15-B-6 05949CBV7 SUB 5.00000% 85,543.26 356.43
Totals 561,908,802.11 2,510,951.72
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-1 858,595.18 0.00 23,993,746.37 972,501.75 0.00
1-A-2 0.00 0.00 2,258,000.00 10,349.17 0.00
1-A-3 0.00 0.00 2,060,000.00 9,441.67 0.00
1-A-4 0.00 0.00 1,154,000.00 5,289.17 0.00
1-A-5 0.00 0.00 3,376,000.00 15,473.33 0.00
1-A-6 386,982.06 0.00 23,949,038.70 493,452.15 0.00
1-A-7 257,783.74 0.00 23,909,404.97 368,550.02 0.00
1-A-8 949,879.95 0.00 57,420,327.27 1,217,410.07 0.00
1-A-9 588,871.07 0.00 48,400,750.91 803,200.67 0.00
1-A-10 0.00 0.00 16,649,000.00 72,839.38 0.00
1-A-11 227,353.77 0.00 13,743,555.33 291,387.10 0.00
1-A-12 9,467.14 0.00 572,289.26 12,133.52 0.00
1-A-13 0.00 0.00 21,626,000.00 99,119.17 0.00
1-A-14 0.00 0.00 25,735,000.00 117,952.08 0.00
1-A-15 0.00 0.00 1,937,000.00 8,877.92 0.00
1-A-16 165,025.81 0.00 9,975,824.86 209,392.03 0.00
1-A-17 142,609.87 0.00 10,290,701.81 176,876.78 0.00
1-A-18 0.00 0.00 0.00 30,941.29 0.00
1-A-19 0.00 0.00 28,507,000.00 130,657.08 0.00
1-A-20 0.00 0.00 0.00 2,358.61 0.00
1-A-21 0.00 0.00 10,013,000.00 41,720.83 0.00
1-A-22 0.00 0.00 22,009,000.00 91,704.17 0.00
1-A-23 0.00 0.00 21,039,000.00 96,428.75 0.00
1-A-24 0.00 0.00 639,000.00 2,928.75 0.00
1-A-25 0.00 0.00 6,514,000.00 29,855.83 0.00
1-A-26 0.00 0.00 0.00 13,342.50 0.00
1-A-R 0.00 0.00 0.00 0.04 0.00
2-A-1 2,606,586.81 0.00 159,661,800.91 3,282,705.09 0.00
30-PO 6,729.59 0.00 4,393,121.46 6,729.59 0.00
15-PO 6,510.59 0.00 1,121,972.07 6,510.59 0.00
30-IO 0.00 0.00 0.00 18,376.23 0.00
15-IO 0.00 0.00 0.00 12,358.26 0.00
30-B-1 7,506.14 0.00 6,805,103.62 38,730.60 0.00
30-B-2 2,207.37 0.00 2,001,208.23 11,389.69 0.00
30-B-3 1,324.42 0.00 1,200,724.94 6,833.81 0.00
30-B-4 882.95 0.00 800,483.29 4,555.88 0.00
30-B-5 662.21 0.00 600,362.47 3,416.91 0.00
30-B-6 662.92 0.00 601,007.64 3,420.58 0.00
15-B-1 6,099.07 0.00 1,530,017.52 12,499.56 0.00
15-B-2 1,695.50 0.00 425,333.06 3,474.79 0.00
15-B-3 1,354.04 0.00 339,675.70 2,775.00 0.00
15-B-4 678.98 0.00 170,330.14 1,391.52 0.00
15-B-5 678.98 0.00 170,330.14 1,391.52 0.00
15-B-6 339.63 0.00 85,203.62 696.06 0.00
Totals 6,230,487.79 0.00 555,678,314.29 8,741,439.51 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 26,152,000.00 24,852,341.55 100,060.38 758,534.81 0.00 0.00
1-A-2 2,258,000.00 2,258,000.00 0.00 0.00 0.00 0.00
1-A-3 2,060,000.00 2,060,000.00 0.00 0.00 0.00 0.00
1-A-4 1,154,000.00 1,154,000.00 0.00 0.00 0.00 0.00
1-A-5 3,376,000.00 3,376,000.00 0.00 0.00 0.00 0.00
1-A-6 25,000,000.00 24,336,020.76 45,098.75 341,883.31 0.00 0.00
1-A-7 24,783,000.00 24,167,188.71 30,042.02 227,741.72 0.00 0.00
1-A-8 60,000,000.00 58,370,207.22 110,698.67 839,181.28 0.00 0.00
1-A-9 50,000,000.00 48,989,621.98 68,626.82 520,244.25 0.00 0.00
1-A-10 16,649,000.00 16,649,000.00 0.00 0.00 0.00 0.00
1-A-11 14,361,000.00 13,970,909.10 26,495.73 200,858.04 0.00 0.00
1-A-12 598,000.00 581,756.40 1,103.30 8,363.84 0.00 0.00
1-A-13 21,626,000.00 21,626,000.00 0.00 0.00 0.00 0.00
1-A-14 25,735,000.00 25,735,000.00 0.00 0.00 0.00 0.00
1-A-15 1,937,000.00 1,937,000.00 0.00 0.00 0.00 0.00
1-A-16 10,424,000.00 10,140,850.67 19,232.05 145,793.76 0.00 0.00
1-A-17 10,678,000.00 10,433,311.68 16,619.70 125,990.17 0.00 0.00
1-A-18 0.00 0.00 0.00 0.00 0.00 0.00
1-A-19 28,507,000.00 28,507,000.00 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 10,013,000.00 10,013,000.00 0.00 0.00 0.00 0.00
1-A-22 22,009,000.00 22,009,000.00 0.00 0.00 0.00 0.00
1-A-23 21,039,000.00 21,039,000.00 0.00 0.00 0.00 0.00
1-A-24 639,000.00 639,000.00 0.00 0.00 0.00 0.00
1-A-25 6,514,000.00 6,514,000.00 0.00 0.00 0.00 0.00
1-A-26 0.00 0.00 0.00 0.00 0.00 0.00
1-A-R 100.00 0.00 0.00 0.00 0.00 0.00
2-A-1 168,697,000.00 162,268,387.72 644,278.46 1,962,308.35 0.00 0.00
30-PO 4,461,017.00 4,399,851.05 5,176.19 1,553.40 0.00 0.00
15-PO 1,214,451.00 1,128,482.66 4,814.67 1,695.93 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
30-B-1 6,835,000.00 6,812,609.77 7,506.14 0.00 0.00 0.00
30-B-2 2,010,000.00 2,003,415.60 2,207.37 0.00 0.00 0.00
30-B-3 1,206,000.00 1,202,049.36 1,324.42 0.00 0.00 0.00
30-B-4 804,000.00 801,366.24 882.95 0.00 0.00 0.00
30-B-5 603,000.00 601,024.68 662.21 0.00 0.00 0.00
30-B-6 603,648.00 601,670.56 662.92 0.00 0.00 0.00
15-B-1 1,554,000.00 1,536,116.60 6,099.07 0.00 0.00 0.00
15-B-2 432,000.00 427,028.55 1,695.50 0.00 0.00 0.00
15-B-3 345,000.00 341,029.75 1,354.04 0.00 0.00 0.00
15-B-4 173,000.00 171,009.12 678.98 0.00 0.00 0.00
15-B-5 173,000.00 171,009.12 678.98 0.00 0.00 0.00
15-B-6 86,539.00 85,543.26 339.63 0.00 0.00 0.00
Totals 574,709,755.00 561,908,802.11 1,096,338.95 5,134,148.86 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-1 858,595.18 23,993,746.37 0.91747271 858,595.18
1-A-2 0.00 2,258,000.00 1.00000000 0.00
1-A-3 0.00 2,060,000.00 1.00000000 0.00
1-A-4 0.00 1,154,000.00 1.00000000 0.00
1-A-5 0.00 3,376,000.00 1.00000000 0.00
1-A-6 386,982.06 23,949,038.70 0.95796155 386,982.06
1-A-7 257,783.74 23,909,404.97 0.96475023 257,783.74
1-A-8 949,879.95 57,420,327.27 0.95700545 949,879.95
1-A-9 588,871.07 48,400,750.91 0.96801502 588,871.07
1-A-10 0.00 16,649,000.00 1.00000000 0.00
1-A-11 227,353.77 13,743,555.33 0.95700545 227,353.77
1-A-12 9,467.14 572,289.26 0.95700545 9,467.14
1-A-13 0.00 21,626,000.00 1.00000000 0.00
1-A-14 0.00 25,735,000.00 1.00000000 0.00
1-A-15 0.00 1,937,000.00 1.00000000 0.00
1-A-16 165,025.81 9,975,824.86 0.95700545 165,025.81
1-A-17 142,609.87 10,290,701.81 0.96372933 142,609.87
1-A-18 0.00 0.00 0.00000000 0.00
1-A-19 0.00 28,507,000.00 1.00000000 0.00
1-A-20 0.00 0.00 0.00000000 0.00
1-A-21 0.00 10,013,000.00 1.00000000 0.00
1-A-22 0.00 22,009,000.00 1.00000000 0.00
1-A-23 0.00 21,039,000.00 1.00000000 0.00
1-A-24 0.00 639,000.00 1.00000000 0.00
1-A-25 0.00 6,514,000.00 1.00000000 0.00
1-A-26 0.00 0.00 0.00000000 0.00
1-A-R 0.00 0.00 0.00000000 0.00
2-A-1 2,606,586.81 159,661,800.91 0.94644126 2,606,586.81
30-PO 6,729.59 4,393,121.46 0.98478026 6,729.59
15-PO 6,510.59 1,121,972.07 0.92385125 6,510.59
30-IO 0.00 0.00 0.00000000 0.00
15-IO 0.00 0.00 0.00000000 0.00
30-B-1 7,506.14 6,805,103.62 0.99562599 7,506.14
30-B-2 2,207.37 2,001,208.23 0.99562599 2,207.37
30-B-3 1,324.42 1,200,724.94 0.99562599 1,324.42
30-B-4 882.95 800,483.29 0.99562598 882.95
30-B-5 662.21 600,362.47 0.99562599 662.21
30-B-6 662.92 601,007.64 0.99562599 662.92
15-B-1 6,099.07 1,530,017.52 0.98456726 6,099.07
15-B-2 1,695.50 425,333.06 0.98456727 1,695.50
15-B-3 1,354.04 339,675.70 0.98456725 1,354.04
15-B-4 678.98 170,330.14 0.98456728 678.98
15-B-5 678.98 170,330.14 0.98456728 678.98
15-B-6 339.63 85,203.62 0.98456904 339.63
Totals 6,230,487.79 555,678,314.29 0.96688513 6,230,487.79
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 26,152,000.00 950.30366894 3.82610814 29.00484896 0.00000000
1-A-2 2,258,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 2,060,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 1,154,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-5 3,376,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 25,000,000.00 973.44083040 1.80395000 13.67533240 0.00000000
1-A-7 24,783,000.00 975.15186660 1.21220272 9.18943308 0.00000000
1-A-8 60,000,000.00 972.83678700 1.84497783 13.98635467 0.00000000
1-A-9 50,000,000.00 979.79243960 1.37253640 10.40488500 0.00000000
1-A-10 16,649,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-11 14,361,000.00 972.83678713 1.84497807 13.98635471 0.00000000
1-A-12 598,000.00 972.83678930 1.84498328 13.98635452 0.00000000
1-A-13 21,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-14 25,735,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-15 1,937,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-16 10,424,000.00 972.83678722 1.84497794 13.98635457 0.00000000
1-A-17 10,678,000.00 977.08481738 1.55644315 11.79904196 0.00000000
1-A-18 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-19 28,507,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-20 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-21 10,013,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-22 22,009,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-23 21,039,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-24 639,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-25 6,514,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-26 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 168,697,000.00 961.89255126 3.81914592 11.63214728 0.00000000
30-PO 4,461,017.00 986.28878796 1.16031613 0.34821656 0.00000000
15-PO 1,214,451.00 929.21217900 3.96448272 1.39645815 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 6,835,000.00 996.72417996 1.09819166 0.00000000 0.00000000
30-B-2 2,010,000.00 996.72417910 1.09819403 0.00000000 0.00000000
30-B-3 1,206,000.00 996.72417910 1.09819237 0.00000000 0.00000000
30-B-4 804,000.00 996.72417910 1.09819652 0.00000000 0.00000000
30-B-5 603,000.00 996.72417910 1.09819237 0.00000000 0.00000000
30-B-6 603,648.00 996.72418363 1.09818967 0.00000000 0.00000000
15-B-1 1,554,000.00 988.49202059 3.92475547 0.00000000 0.00000000
15-B-2 432,000.00 988.49201389 3.92476852 0.00000000 0.00000000
15-B-3 345,000.00 988.49202899 3.92475362 0.00000000 0.00000000
15-B-4 173,000.00 988.49202312 3.92473988 0.00000000 0.00000000
15-B-5 173,000.00 988.49202312 3.92473988 0.00000000 0.00000000
15-B-6 86,539.00 988.49374271 3.92458891 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 32.83095671 917.47271222 0.91747271 32.83095671
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 15.47928240 957.96154800 0.95796155 15.47928240
1-A-7 0.00000000 10.40163580 964.75023080 0.96475023 10.40163580
1-A-8 0.00000000 15.83133250 957.00545450 0.95700545 15.83133250
1-A-9 0.00000000 11.77742140 968.01501820 0.96801502 11.77742140
1-A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-11 0.00000000 15.83133278 957.00545436 0.95700545 15.83133278
1-A-12 0.00000000 15.83133779 957.00545151 0.95700545 15.83133779
1-A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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 15.83133250 957.00545472 0.95700545 15.83133250
1-A-17 0.00000000 13.35548511 963.72933227 0.96372933 13.35548511
1-A-18 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-19 0.00000000 0.00000000 1,000.00000000 1.00000000 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 0.00000000 1,000.00000000 1.00000000 0.00000000
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-25 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-26 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 15.45129321 946.44125805 0.94644126 15.45129321
30-PO 0.00000000 1.50853270 984.78025526 0.98478026 1.50853270
15-PO 0.00000000 5.36093264 923.85124637 0.92385125 5.36093264
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
30-B-1 0.00000000 1.09819166 995.62598683 0.99562599 1.09819166
30-B-2 0.00000000 1.09819403 995.62598507 0.99562599 1.09819403
30-B-3 0.00000000 1.09819237 995.62598673 0.99562599 1.09819237
30-B-4 0.00000000 1.09819652 995.62598259 0.99562598 1.09819652
30-B-5 0.00000000 1.09819237 995.62598673 0.99562599 1.09819237
30-B-6 0.00000000 1.09818967 995.62599396 0.99562599 1.09818967
15-B-1 0.00000000 3.92475547 984.56725869 0.98456726 3.92475547
15-B-2 0.00000000 3.92476852 984.56726852 0.98456727 3.92476852
15-B-3 0.00000000 3.92475362 984.56724638 0.98456725 3.92475362
15-B-4 0.00000000 3.92473988 984.56728324 0.98456728 3.92473988
15-B-5 0.00000000 3.92473988 984.56728324 0.98456728 3.92473988
15-B-6 0.00000000 3.92458891 984.56903824 0.98456904 3.92458891
<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 26,152,000.00 5.50000% 24,852,341.55 113,906.57 0.00 0.00
1-A-2 2,258,000.00 5.50000% 2,258,000.00 10,349.17 0.00 0.00
1-A-3 2,060,000.00 5.50000% 2,060,000.00 9,441.67 0.00 0.00
1-A-4 1,154,000.00 5.50000% 1,154,000.00 5,289.17 0.00 0.00
1-A-5 3,376,000.00 5.50000% 3,376,000.00 15,473.33 0.00 0.00
1-A-6 25,000,000.00 5.25000% 24,336,020.76 106,470.09 0.00 0.00
1-A-7 24,783,000.00 5.50000% 24,167,188.71 110,766.28 0.00 0.00
1-A-8 60,000,000.00 5.50000% 58,370,207.22 267,530.12 0.00 0.00
1-A-9 50,000,000.00 5.25000% 48,989,621.98 214,329.60 0.00 0.00
1-A-10 16,649,000.00 5.25000% 16,649,000.00 72,839.38 0.00 0.00
1-A-11 14,361,000.00 5.50000% 13,970,909.10 64,033.33 0.00 0.00
1-A-12 598,000.00 5.50000% 581,756.40 2,666.38 0.00 0.00
1-A-13 21,626,000.00 5.50000% 21,626,000.00 99,119.17 0.00 0.00
1-A-14 25,735,000.00 5.50000% 25,735,000.00 117,952.08 0.00 0.00
1-A-15 1,937,000.00 5.50000% 1,937,000.00 8,877.92 0.00 0.00
1-A-16 10,424,000.00 5.25000% 10,140,850.67 44,366.22 0.00 0.00
1-A-17 10,678,000.00 3.94125% 10,433,311.68 34,266.91 0.00 0.00
1-A-18 0.00 3.55875% 10,433,311.68 30,941.29 0.00 0.00
1-A-19 28,507,000.00 5.50000% 28,507,000.00 130,657.08 0.00 0.00
1-A-20 0.00 5.50000% 514,605.45 2,358.61 0.00 0.00
1-A-21 10,013,000.00 5.00000% 10,013,000.00 41,720.83 0.00 0.00
1-A-22 22,009,000.00 5.00000% 22,009,000.00 91,704.17 0.00 0.00
1-A-23 21,039,000.00 5.50000% 21,039,000.00 96,428.75 0.00 0.00
1-A-24 639,000.00 5.50000% 639,000.00 2,928.75 0.00 0.00
1-A-25 6,514,000.00 5.50000% 6,514,000.00 29,855.83 0.00 0.00
1-A-26 0.00 5.50000% 2,911,090.91 13,342.50 0.00 0.00
1-A-R 100.00 5.50000% 0.00 0.00 0.00 0.00
2-A-1 168,697,000.00 5.00000% 162,268,387.72 676,118.28 0.00 0.00
30-PO 4,461,017.00 0.00000% 4,399,851.05 0.00 0.00 0.00
15-PO 1,214,451.00 0.00000% 1,128,482.66 0.00 0.00 0.00
30-IO 0.00 5.50000% 4,009,359.00 18,376.23 0.00 0.00
15-IO 0.00 5.00000% 2,965,983.20 12,358.26 0.00 0.00
30-B-1 6,835,000.00 5.50000% 6,812,609.77 31,224.46 0.00 0.00
30-B-2 2,010,000.00 5.50000% 2,003,415.60 9,182.32 0.00 0.00
30-B-3 1,206,000.00 5.50000% 1,202,049.36 5,509.39 0.00 0.00
30-B-4 804,000.00 5.50000% 801,366.24 3,672.93 0.00 0.00
30-B-5 603,000.00 5.50000% 601,024.68 2,754.70 0.00 0.00
30-B-6 603,648.00 5.50000% 601,670.56 2,757.66 0.00 0.00
15-B-1 1,554,000.00 5.00000% 1,536,116.60 6,400.49 0.00 0.00
15-B-2 432,000.00 5.00000% 427,028.55 1,779.29 0.00 0.00
15-B-3 345,000.00 5.00000% 341,029.75 1,420.96 0.00 0.00
15-B-4 173,000.00 5.00000% 171,009.12 712.54 0.00 0.00
15-B-5 173,000.00 5.00000% 171,009.12 712.54 0.00 0.00
15-B-6 86,539.00 5.00000% 85,543.26 356.43 0.00 0.00
Totals 574,709,755.00 2,510,951.68 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 0.00 113,906.57 0.00 23,993,746.37
1-A-2 0.00 0.00 10,349.17 0.00 2,258,000.00
1-A-3 0.00 0.00 9,441.67 0.00 2,060,000.00
1-A-4 0.00 0.00 5,289.17 0.00 1,154,000.00
1-A-5 0.00 0.00 15,473.33 0.00 3,376,000.00
1-A-6 0.00 0.00 106,470.09 0.00 23,949,038.70
1-A-7 0.00 0.00 110,766.28 0.00 23,909,404.97
1-A-8 0.00 0.00 267,530.12 0.00 57,420,327.27
1-A-9 0.00 0.00 214,329.60 0.00 48,400,750.91
1-A-10 0.00 0.00 72,839.38 0.00 16,649,000.00
1-A-11 0.00 0.00 64,033.33 0.00 13,743,555.33
1-A-12 0.00 0.00 2,666.38 0.00 572,289.26
1-A-13 0.00 0.00 99,119.17 0.00 21,626,000.00
1-A-14 0.00 0.00 117,952.08 0.00 25,735,000.00
1-A-15 0.00 0.00 8,877.92 0.00 1,937,000.00
1-A-16 0.00 0.00 44,366.22 0.00 9,975,824.86
1-A-17 0.00 0.00 34,266.91 0.00 10,290,701.81
1-A-18 0.00 0.00 30,941.29 0.00 10,290,701.81
1-A-19 0.00 0.00 130,657.08 0.00 28,507,000.00
1-A-20 0.00 0.00 2,358.61 0.00 514,605.45
1-A-21 0.00 0.00 41,720.83 0.00 10,013,000.00
1-A-22 0.00 0.00 91,704.17 0.00 22,009,000.00
1-A-23 0.00 0.00 96,428.75 0.00 21,039,000.00
1-A-24 0.00 0.00 2,928.75 0.00 639,000.00
1-A-25 0.00 0.00 29,855.83 0.00 6,514,000.00
1-A-26 0.00 0.00 13,342.50 0.00 2,911,090.91
1-A-R 0.00 0.00 0.04 0.00 0.00
2-A-1 0.00 0.00 676,118.28 0.00 159,661,800.91
30-PO 0.00 0.00 0.00 0.00 4,393,121.46
15-PO 0.00 0.00 0.00 0.00 1,121,972.07
30-IO 0.00 0.00 18,376.23 0.00 3,795,416.14
15-IO 0.00 0.00 12,358.26 0.00 2,908,447.76
30-B-1 0.00 0.00 31,224.46 0.00 6,805,103.62
30-B-2 0.00 0.00 9,182.32 0.00 2,001,208.23
30-B-3 0.00 0.00 5,509.39 0.00 1,200,724.94
30-B-4 0.00 0.00 3,672.93 0.00 800,483.29
30-B-5 0.00 0.00 2,754.70 0.00 600,362.47
30-B-6 0.00 0.00 2,757.66 0.00 601,007.64
15-B-1 0.00 0.00 6,400.49 0.00 1,530,017.52
15-B-2 0.00 0.00 1,779.29 0.00 425,333.06
15-B-3 0.00 0.00 1,420.96 0.00 339,675.70
15-B-4 0.00 0.00 712.54 0.00 170,330.14
15-B-5 0.00 0.00 712.54 0.00 170,330.14
15-B-6 0.00 0.00 356.43 0.00 85,203.62
Totals 0.00 0.00 2,510,951.72 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 26,152,000.00 5.50000% 950.30366894 4.35555866 0.00000000 0.00000000
1-A-2 2,258,000.00 5.50000% 1000.00000000 4.58333481 0.00000000 0.00000000
1-A-3 2,060,000.00 5.50000% 1000.00000000 4.58333495 0.00000000 0.00000000
1-A-4 1,154,000.00 5.50000% 1000.00000000 4.58333622 0.00000000 0.00000000
1-A-5 3,376,000.00 5.50000% 1000.00000000 4.58333235 0.00000000 0.00000000
1-A-6 25,000,000.00 5.25000% 973.44083040 4.25880360 0.00000000 0.00000000
1-A-7 24,783,000.00 5.50000% 975.15186660 4.46944599 0.00000000 0.00000000
1-A-8 60,000,000.00 5.50000% 972.83678700 4.45883533 0.00000000 0.00000000
1-A-9 50,000,000.00 5.25000% 979.79243960 4.28659200 0.00000000 0.00000000
1-A-10 16,649,000.00 5.25000% 1000.00000000 4.37500030 0.00000000 0.00000000
1-A-11 14,361,000.00 5.50000% 972.83678713 4.45883504 0.00000000 0.00000000
1-A-12 598,000.00 5.50000% 972.83678930 4.45882943 0.00000000 0.00000000
1-A-13 21,626,000.00 5.50000% 1000.00000000 4.58333349 0.00000000 0.00000000
1-A-14 25,735,000.00 5.50000% 1000.00000000 4.58333320 0.00000000 0.00000000
1-A-15 1,937,000.00 5.50000% 1000.00000000 4.58333505 0.00000000 0.00000000
1-A-16 10,424,000.00 5.25000% 972.83678722 4.25616078 0.00000000 0.00000000
1-A-17 10,678,000.00 3.94125% 977.08481738 3.20911313 0.00000000 0.00000000
1-A-18 0.00 3.55875% 977.08481738 2.89766717 0.00000000 0.00000000
1-A-19 28,507,000.00 5.50000% 1000.00000000 4.58333322 0.00000000 0.00000000
1-A-20 0.00 5.50000% 1000.00087446 4.58334062 0.00000000 0.00000000
1-A-21 10,013,000.00 5.00000% 1000.00000000 4.16666633 0.00000000 0.00000000
1-A-22 22,009,000.00 5.00000% 1000.00000000 4.16666682 0.00000000 0.00000000
1-A-23 21,039,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-24 639,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-25 6,514,000.00 5.50000% 1000.00000000 4.58333282 0.00000000 0.00000000
1-A-26 0.00 5.50000% 1000.00031260 4.58333476 0.00000000 0.00000000
1-A-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 168,697,000.00 5.00000% 961.89255126 4.00788562 0.00000000 0.00000000
30-PO 4,461,017.00 0.00000% 986.28878796 0.00000000 0.00000000 0.00000000
15-PO 1,214,451.00 0.00000% 929.21217900 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 927.22073070 4.24976197 0.00000000 0.00000000
15-IO 0.00 5.00000% 976.60552256 4.06918858 0.00000000 0.00000000
30-B-1 6,835,000.00 5.50000% 996.72417996 4.56831895 0.00000000 0.00000000
30-B-2 2,010,000.00 5.50000% 996.72417910 4.56831841 0.00000000 0.00000000
30-B-3 1,206,000.00 5.50000% 996.72417910 4.56831675 0.00000000 0.00000000
30-B-4 804,000.00 5.50000% 996.72417910 4.56832090 0.00000000 0.00000000
30-B-5 603,000.00 5.50000% 996.72417910 4.56832504 0.00000000 0.00000000
30-B-6 603,648.00 5.50000% 996.72418363 4.56832459 0.00000000 0.00000000
15-B-1 1,554,000.00 5.00000% 988.49202059 4.11871943 0.00000000 0.00000000
15-B-2 432,000.00 5.00000% 988.49201389 4.11872685 0.00000000 0.00000000
15-B-3 345,000.00 5.00000% 988.49202899 4.11872464 0.00000000 0.00000000
15-B-4 173,000.00 5.00000% 988.49202312 4.11872832 0.00000000 0.00000000
15-B-5 173,000.00 5.00000% 988.49202312 4.11872832 0.00000000 0.00000000
15-B-6 86,539.00 5.00000% 988.49374271 4.11872104 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 4.35555866 0.00000000 917.47271222
1-A-2 0.00000000 0.00000000 4.58333481 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333495 0.00000000 1000.00000000
1-A-4 0.00000000 0.00000000 4.58333622 0.00000000 1000.00000000
1-A-5 0.00000000 0.00000000 4.58333235 0.00000000 1000.00000000
1-A-6 0.00000000 0.00000000 4.25880360 0.00000000 957.96154800
1-A-7 0.00000000 0.00000000 4.46944599 0.00000000 964.75023080
1-A-8 0.00000000 0.00000000 4.45883533 0.00000000 957.00545450
1-A-9 0.00000000 0.00000000 4.28659200 0.00000000 968.01501820
1-A-10 0.00000000 0.00000000 4.37500030 0.00000000 1000.00000000
1-A-11 0.00000000 0.00000000 4.45883504 0.00000000 957.00545436
1-A-12 0.00000000 0.00000000 4.45882943 0.00000000 957.00545151
1-A-13 0.00000000 0.00000000 4.58333349 0.00000000 1000.00000000
1-A-14 0.00000000 0.00000000 4.58333320 0.00000000 1000.00000000
1-A-15 0.00000000 0.00000000 4.58333505 0.00000000 1000.00000000
1-A-16 0.00000000 0.00000000 4.25616078 0.00000000 957.00545472
1-A-17 0.00000000 0.00000000 3.20911313 0.00000000 963.72933227
1-A-18 0.00000000 0.00000000 2.89766717 0.00000000 963.72933227
1-A-19 0.00000000 0.00000000 4.58333322 0.00000000 1000.00000000
1-A-20 0.00000000 0.00000000 4.58334062 0.00000000 1000.00087446
1-A-21 0.00000000 0.00000000 4.16666633 0.00000000 1000.00000000
1-A-22 0.00000000 0.00000000 4.16666682 0.00000000 1000.00000000
1-A-23 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-24 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-25 0.00000000 0.00000000 4.58333282 0.00000000 1000.00000000
1-A-26 0.00000000 0.00000000 4.58333476 0.00000000 1000.00031260
1-A-R 0.00000000 0.00000000 0.40000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.00788562 0.00000000 946.44125805
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 984.78025526
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 923.85124637
30-IO 0.00000000 0.00000000 4.24976197 0.00000000 877.74343146
15-IO 0.00000000 0.00000000 4.06918858 0.00000000 957.66090128
30-B-1 0.00000000 0.00000000 4.56831895 0.00000000 995.62598683
30-B-2 0.00000000 0.00000000 4.56831841 0.00000000 995.62598507
30-B-3 0.00000000 0.00000000 4.56831675 0.00000000 995.62598673
30-B-4 0.00000000 0.00000000 4.56832090 0.00000000 995.62598259
30-B-5 0.00000000 0.00000000 4.56832504 0.00000000 995.62598673
30-B-6 0.00000000 0.00000000 4.56832459 0.00000000 995.62599396
15-B-1 0.00000000 0.00000000 4.11871943 0.00000000 984.56725869
15-B-2 0.00000000 0.00000000 4.11872685 0.00000000 984.56726852
15-B-3 0.00000000 0.00000000 4.11872464 0.00000000 984.56724638
15-B-4 0.00000000 0.00000000 4.11872832 0.00000000 984.56728324
15-B-5 0.00000000 0.00000000 4.11872832 0.00000000 984.56728324
15-B-6 0.00000000 0.00000000 4.11872104 0.00000000 984.56903824
<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 8,861,252.68
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 8,861,252.68
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 119,813.17
Payment of Interest and Principal 8,741,439.51
Total Withdrawals (Pool Distribution Amount) 8,861,252.68
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 117,064.34
Assured Guaranty Fee 1,109.93
Trustee Fee - Wells Fargo Bank, N.A. 1,638.90
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 119,813.17
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 999.99 0.00 0.00 999.99
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 1 0 0 0 1
635,396.53 0.00 0.00 0.00 635,396.53
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
635,396.53 0.00 0.00 0.00 635,396.53
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 0.094340% 0.000000% 0.000000% 0.000000% 0.094340%
0.114173% 0.000000% 0.000000% 0.000000% 0.114173%
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 0.094340% 0.000000% 0.000000% 0.000000% 0.094340%
0.114173% 0.000000% 0.000000% 0.000000% 0.114173%
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 1 0 0 0 1
635,396.53 0.00 0.00 0.00 635,396.53
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
635,396.53 0.00 0.00 0.00 635,396.53
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 0.132450% 0.000000% 0.000000% 0.000000% 0.132450%
0.161875% 0.000000% 0.000000% 0.000000% 0.161875%
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 0.132450% 0.000000% 0.000000% 0.000000% 0.132450%
0.161875% 0.000000% 0.000000% 0.000000% 0.161875%
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 3,783.85
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 5.618203%
Weighted Average Pass-Through Rate 5.364703%
Weighted Average Maturity(Stepdown Calculation) 263
Beginning Scheduled Collateral Loan Count 1,069
Number Of Loans Paid In Full 9
Ending Scheduled Collateral Loan Count 1,060
Beginning Scheduled Collateral Balance 561,908,803.97
Ending Scheduled Collateral Balance 555,678,316.15
Ending Actual Collateral Balance at 31-Aug-2005 556,520,725.44
Monthly P&I Constant 3,727,103.73
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 8,624,383.19
Class AP Deferred Amount 0.00
Scheduled Principal 1,096,338.97
Unscheduled Principal 5,134,148.85
Miscellaneous Reporting
Senior % 97.348240%
Subordinate % 2.651760%
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 5.748073 5.308803 5.618203
Weighted Average Net Rate 5.498073 5.058803 5.368203
Weighted Average Maturity 352 173 263
Beginning Loan Count 760 309 1,069
Loans Paid In Full 5 4 9
Ending Loan Count 755 305 1,060
Beginning Scheduled Balance 395,780,196.36 166,128,607.61 561,908,803.97
Ending Scheduled Balance 392,173,652.17 163,504,663.98 555,678,316.15
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 2,332,210.99 1,394,892.74 3,727,103.73
Scheduled Principal 436,399.62 659,939.35 1,096,338.97
Unscheduled Principal 3,170,144.57 1,964,004.28 5,134,148.85
Scheduled Interest 1,895,811.37 734,953.39 2,630,764.76
Servicing Fees 82,454.21 34,610.13 117,064.34
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,154.36 484.54 1,638.90
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 1,812,202.80 699,858.72 2,512,061.52
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 5.494573 5.055303 5.364703
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 9.209208%
Subordinate % 3.071727%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.928273%
Group 2 - 15 Year Fixed
CPR 13.349218%
Subordinate % 1.655597%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 98.344403%
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 5 3,093,635.00 3,080,457.71 0 0.00 0.00
2 - 15 Year Fixed 4 1,903,800.00 1,872,081.77 0 0.00 0.00
Total 9 4,997,435.00 4,952,539.48 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 92,992.11
2 - 15 Year Fixed 0 0.00 0.00 0 0.00 0.00 99,094.67
Total 0 0.00 0.00 0 0.00 0.00 192,086.78
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
1 - 30 Year Fixed 3301580035 CA 62.95 01-Apr-2005 487,935.00 483,489.28
1 - 30 Year Fixed 3301708198 AZ 23.71 01-May-2005 450,600.00 448,225.08
1 - 30 Year Fixed 6465363940 MO 79.84 01-Jun-2005 750,500.00 748,017.66
1 - 30 Year Fixed 6651669043 CA 75.00 01-Jun-2005 412,500.00 410,427.67
1 - 30 Year Fixed 6825210203 CA 69.99 01-May-2005 992,100.00 986,992.77
2 - 15 Year Fixed 6035937413 FL 80.00 01-May-2005 427,200.00 419,305.37
2 - 15 Year Fixed 6235437446 CA 31.20 01-May-2005 507,000.00 496,704.09
2 - 15 Year Fixed 6771664379 OH 80.00 01-May-2005 369,600.00 362,098.98
2 - 15 Year Fixed 6880519860 MD 40.00 01-Apr-2005 600,000.00 586,801.17
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 3301580035 Loan Paid in Full 0 5.750% 300 5
1 - 30 Year Fixed 3301708198 Loan Paid in Full 0 5.750% 360 4
1 - 30 Year Fixed 6465363940 Loan Paid in Full 0 7.000% 360 3
1 - 30 Year Fixed 6651669043 Loan Paid in Full 0 6.000% 360 3
1 - 30 Year Fixed 6825210203 Loan Paid in Full 0 5.875% 360 4
2 - 15 Year Fixed 6035937413 Loan Paid in Full 0 5.250% 180 4
2 - 15 Year Fixed 6235437446 Loan Paid in Full 0 5.375% 180 4
2 - 15 Year Fixed 6771664379 Loan Paid in Full 0 5.500% 180 4
2 - 15 Year Fixed 6880519860 Loan Paid in Full 0 5.375% 180 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.915% Current Month 10.449% Current Month 1,314.009%
3 Month Average 0.752% 3 Month Average 8.643% 3 Month Average 1,488.564%
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 3.906% N/A Jun-2005 1,987.756% N/A
Jul-2005 6.536% N/A Jul-2005 1,649.311% N/A
Aug-2005 8.944% N/A Aug-2005 1,502.372% N/A
Sep-2005 10.449% N/A Sep-2005 1,314.009% 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 0.802% Current Month 9.209% Current Month 1,226.021%
3 Month Average 0.578% 3 Month Average 6.700% 3 Month Average 1,214.481%
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 3.597% N/A Jun-2005 2,380.824% N/A
Jul-2005 4.275% N/A Jul-2005 1,217.338% N/A
Aug-2005 6.615% N/A Aug-2005 1,200.084% N/A
Sep-2005 9.209% N/A Sep-2005 1,226.021% 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 1.187% Current Month 13.349% Current Month 1,481.740%
3 Month Average 1.162% 3 Month Average 13.079% 3 Month Average 1,943.693%
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 4.626% N/A Jun-2005 1,528.062% N/A
Jul-2005 11.645% N/A Jul-2005 2,315.976% N/A
Aug-2005 14.244% N/A Aug-2005 2,033.363% N/A
Sep-2005 13.349% N/A Sep-2005 1,481.740% 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 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 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 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 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 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
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 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>