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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-13
Pooling and Servicing Agreement) (Commission 54-2168071
(State or other File Number) 54-2168072
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
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-2
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2005-2 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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-2 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 2005-2 Trust,
relating to the September 26, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 8/31/2005
Distribution Date: 9/26/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-2
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 05948KXQ7 SEN 5.50000% 17,960,000.00 82,316.67
1-CB-2 05948KXR5 SEN 5.50000% 123,135,539.93 564,371.22
1-CB-3 05948KXS3 SEN 5.50000% 19,159,266.61 87,813.31
1-CB-4 05948KXT1 SEN 5.50000% 7,564,733.39 34,671.69
1-CB-5 05948KXU8 SEN 5.50000% 367,000.00 1,682.08
1-CB-R 05948KXV6 SEN 5.50000% 0.00 0.00
1-CB-LR 05948KXW4 SEN 5.50000% 0.00 0.01
2-CB-1 05948KXX2 SEN 6.00000% 21,495,067.29 107,475.34
CB-IO 05948KXY0 SEN 5.50000% 0.00 51,478.06
3-A-1 05948KXZ7 SEN 5.00000% 25,239,403.66 105,164.18
A-PO 05948KYC7 PO 0.00000% 639,246.42 0.00
4-A-1 05948KYA1 SEN 5.50000% 25,382,922.87 116,338.40
15-IO 05948KYB9 SEN 5.50000% 0.00 4,642.92
B-1 05948KYD5 SUB 5.49902% 5,153,289.84 23,615.05
B-2 05948KYE3 SUB 5.49902% 2,114,017.79 9,687.53
B-3 05948KYF0 SUB 5.49902% 1,188,763.52 5,447.53
B-4 05948KYG8 SUB 5.49902% 1,057,008.89 4,843.76
B-5 05948KYH6 SUB 5.49902% 792,509.01 3,631.69
B-6 05948KYJ2 SUB 5.49902% 925,628.16 4,241.71
Totals 252,174,397.38 1,207,421.15
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 0.00 17,960,000.00 82,316.67 0.00
1-CB-2 3,181,280.68 0.00 119,954,259.25 3,745,651.90 0.00
1-CB-3 34,671.69 0.00 19,124,594.92 122,485.00 0.00
1-CB-4 (34,671.69) 0.00 7,599,405.08 0.00 0.00
1-CB-5 0.00 0.00 367,000.00 1,682.08 0.00
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.01 0.00
2-CB-1 482,923.89 0.00 21,012,143.40 590,399.23 0.00
CB-IO 0.00 0.00 0.00 51,478.06 0.00
3-A-1 202,995.02 0.00 25,036,408.64 308,159.20 0.00
A-PO 2,448.42 0.00 636,798.00 2,448.42 0.00
4-A-1 366,135.98 0.00 25,016,786.89 482,474.38 0.00
15-IO 0.00 0.00 0.00 4,642.92 0.00
B-1 8,297.78 0.00 5,144,992.06 31,912.83 0.00
B-2 3,403.97 0.00 2,110,613.81 13,091.50 0.00
B-3 1,914.14 0.00 1,186,849.38 7,361.67 0.00
B-4 1,701.99 0.00 1,055,306.91 6,545.75 0.00
B-5 1,276.09 0.00 791,232.92 4,907.78 0.00
B-6 1,490.44 0.00 924,137.72 5,732.15 0.00
Totals 4,253,868.40 0.00 247,920,528.98 5,461,289.55 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-CB-1 17,960,000.00 17,960,000.00 0.00 0.00 0.00 0.00
1-CB-2 130,230,000.00 123,135,539.93 175,183.11 3,006,097.57 0.00 0.00
1-CB-3 19,364,000.00 19,159,266.61 1,909.26 32,762.43 0.00 0.00
1-CB-4 7,360,000.00 7,564,733.39 0.00 0.00 (34,671.69) 0.00
1-CB-5 367,000.00 367,000.00 0.00 0.00 0.00 0.00
1-CB-R 50.00 0.00 0.00 0.00 0.00 0.00
1-CB-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-CB-1 25,309,000.00 21,495,067.29 19,825.65 463,098.24 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 25,974,000.00 25,239,403.66 97,467.18 105,527.84 0.00 0.00
A-PO 672,363.00 639,246.42 1,934.43 513.99 0.00 0.00
4-A-1 28,143,000.00 25,382,922.87 94,577.38 271,558.60 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 5,202,000.00 5,153,289.84 8,297.78 0.00 0.00 0.00
B-2 2,134,000.00 2,114,017.79 3,403.97 0.00 0.00 0.00
B-3 1,200,000.00 1,188,763.52 1,914.14 0.00 0.00 0.00
B-4 1,067,000.00 1,057,008.89 1,701.99 0.00 0.00 0.00
B-5 800,000.00 792,509.01 1,276.09 0.00 0.00 0.00
B-6 934,376.00 925,628.16 1,490.44 0.00 0.00 0.00
Totals 266,716,839.00 252,174,397.38 408,981.42 3,879,558.67 (34,671.69) 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-CB-1 0.00 17,960,000.00 1.00000000 0.00
1-CB-2 3,181,280.68 119,954,259.25 0.92109544 3,181,280.68
1-CB-3 34,671.69 19,124,594.92 0.98763659 34,671.69
1-CB-4 (34,671.69) 7,599,405.08 1.03252786 (34,671.69)
1-CB-5 0.00 367,000.00 1.00000000 0.00
1-CB-R 0.00 0.00 0.00000000 0.00
1-CB-LR 0.00 0.00 0.00000000 0.00
2-CB-1 482,923.89 21,012,143.40 0.83022417 482,923.89
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 202,995.02 25,036,408.64 0.96390270 202,995.02
A-PO 2,448.42 636,798.00 0.94710447 2,448.42
4-A-1 366,135.98 25,016,786.89 0.88891685 366,135.98
15-IO 0.00 0.00 0.00000000 0.00
B-1 8,297.78 5,144,992.06 0.98904115 8,297.78
B-2 3,403.97 2,110,613.81 0.98904115 3,403.97
B-3 1,914.14 1,186,849.38 0.98904115 1,914.14
B-4 1,701.99 1,055,306.91 0.98904115 1,701.99
B-5 1,276.09 791,232.92 0.98904115 1,276.09
B-6 1,490.44 924,137.72 0.98904266 1,490.44
Totals 4,253,868.40 247,920,528.98 0.92952710 4,253,868.40
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-CB-1 17,960,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-2 130,230,000.00 945.52361153 1.34518245 23.08298833 0.00000000
1-CB-3 19,364,000.00 989.42711268 0.09859843 1.69192471 0.00000000
1-CB-4 7,360,000.00 1027.81703668 0.00000000 0.00000000 (4.71082745)
1-CB-5 367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 25,309,000.00 849.30527836 0.78334387 18.29776917 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 25,974,000.00 971.71801263 3.75249018 4.06282590 0.00000000
A-PO 672,363.00 950.74598097 2.87706194 0.76445313 0.00000000
4-A-1 28,143,000.00 901.92669118 3.36060050 9.64924137 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 5,202,000.00 990.63626298 1.59511342 0.00000000 0.00000000
B-2 2,134,000.00 990.63626523 1.59511246 0.00000000 0.00000000
B-3 1,200,000.00 990.63626667 1.59511667 0.00000000 0.00000000
B-4 1,067,000.00 990.63626054 1.59511715 0.00000000 0.00000000
B-5 800,000.00 990.63626250 1.59511250 0.00000000 0.00000000
B-6 934,376.00 990.63777323 1.59511803 0.00000000 0.00000000
<FN>
(2) All amounts per 1,000 dollar 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-CB-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-2 0.00000000 24.42817077 921.09544076 0.92109544 24.42817077
1-CB-3 0.00000000 1.79052314 987.63658955 0.98763659 1.79052314
1-CB-4 0.00000000 (4.71082745) 1,032.52786413 1.03252786 (4.71082745)
1-CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 19.08111304 830.22416532 0.83022417 19.08111304
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 7.81531609 963.90269654 0.96390270 7.81531609
A-PO 0.00000000 3.64151507 947.10446589 0.94710447 3.64151507
4-A-1 0.00000000 13.00984188 888.91684931 0.88891685 13.00984188
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.59511342 989.04114956 0.98904115 1.59511342
B-2 0.00000000 1.59511246 989.04114808 0.98904115 1.59511246
B-3 0.00000000 1.59511667 989.04115000 0.98904115 1.59511667
B-4 0.00000000 1.59511715 989.04115276 0.98904115 1.59511715
B-5 0.00000000 1.59511250 989.04115000 0.98904115 1.59511250
B-6 0.00000000 1.59511803 989.04265521 0.98904266 1.59511803
<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-CB-1 17,960,000.00 5.50000% 17,960,000.00 82,316.67 0.00 0.00
1-CB-2 130,230,000.00 5.50000% 123,135,539.93 564,371.22 0.00 0.00
1-CB-3 19,364,000.00 5.50000% 19,159,266.61 87,813.31 0.00 0.00
1-CB-4 7,360,000.00 5.50000% 7,564,733.39 34,671.69 0.00 0.00
1-CB-5 367,000.00 5.50000% 367,000.00 1,682.08 0.00 0.00
1-CB-R 50.00 5.50000% 0.00 0.00 0.00 0.00
1-CB-LR 50.00 5.50000% 0.00 0.00 0.00 0.00
2-CB-1 25,309,000.00 6.00000% 21,495,067.29 107,475.34 0.00 0.00
CB-IO 0.00 5.50000% 11,231,577.12 51,478.06 0.00 0.00
3-A-1 25,974,000.00 5.00000% 25,239,403.66 105,164.18 0.00 0.00
A-PO 672,363.00 0.00000% 639,246.42 0.00 0.00 0.00
4-A-1 28,143,000.00 5.50000% 25,382,922.87 116,338.40 0.00 0.00
15-IO 0.00 5.50000% 1,013,000.60 4,642.92 0.00 0.00
B-1 5,202,000.00 5.49902% 5,153,289.84 23,615.05 0.00 0.00
B-2 2,134,000.00 5.49902% 2,114,017.79 9,687.53 0.00 0.00
B-3 1,200,000.00 5.49902% 1,188,763.52 5,447.53 0.00 0.00
B-4 1,067,000.00 5.49902% 1,057,008.89 4,843.76 0.00 0.00
B-5 800,000.00 5.49902% 792,509.01 3,631.69 0.00 0.00
B-6 934,376.00 5.49902% 925,628.16 4,241.71 0.00 0.00
Totals 266,716,839.00 1,207,421.14 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-CB-1 0.00 0.00 82,316.67 0.00 17,960,000.00
1-CB-2 0.00 0.00 564,371.22 0.00 119,954,259.25
1-CB-3 0.00 0.00 87,813.31 0.00 19,124,594.92
1-CB-4 0.00 0.00 34,671.69 0.00 7,599,405.08
1-CB-5 0.00 0.00 1,682.08 0.00 367,000.00
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.01 0.00 0.00
2-CB-1 0.00 0.00 107,475.34 0.00 21,012,143.40
CB-IO 0.00 0.00 51,478.06 0.00 11,031,687.17
3-A-1 0.00 0.00 105,164.18 0.00 25,036,408.64
A-PO 0.00 0.00 0.00 0.00 636,798.00
4-A-1 0.00 0.00 116,338.40 0.00 25,016,786.89
15-IO 0.00 0.00 4,642.92 0.00 996,790.66
B-1 0.00 0.00 23,615.05 0.00 5,144,992.06
B-2 0.00 0.00 9,687.53 0.00 2,110,613.81
B-3 0.00 0.00 5,447.53 0.00 1,186,849.38
B-4 0.00 0.00 4,843.76 0.00 1,055,306.91
B-5 0.00 0.00 3,631.69 0.00 791,232.92
B-6 0.00 0.00 4,241.71 0.00 924,137.72
Totals 0.00 0.00 1,207,421.15 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-CB-1 17,960,000.00 5.50000% 1000.00000000 4.58333352 0.00000000 0.00000000
1-CB-2 130,230,000.00 5.50000% 945.52361153 4.33364985 0.00000000 0.00000000
1-CB-3 19,364,000.00 5.50000% 989.42711268 4.53487451 0.00000000 0.00000000
1-CB-4 7,360,000.00 5.50000% 1027.81703668 4.71082745 0.00000000 0.00000000
1-CB-5 367,000.00 5.50000% 1000.00000000 4.58332425 0.00000000 0.00000000
1-CB-R 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 25,309,000.00 6.00000% 849.30527836 4.24652653 0.00000000 0.00000000
CB-IO 0.00 5.50000% 940.65809518 4.31134945 0.00000000 0.00000000
3-A-1 25,974,000.00 5.00000% 971.71801263 4.04882498 0.00000000 0.00000000
A-PO 672,363.00 0.00000% 950.74598097 0.00000000 0.00000000 0.00000000
4-A-1 28,143,000.00 5.50000% 901.92669118 4.13383079 0.00000000 0.00000000
15-IO 0.00 5.50000% 936.44006926 4.29201752 0.00000000 0.00000000
B-1 5,202,000.00 5.49902% 990.63626298 4.53960977 0.00000000 0.00000000
B-2 2,134,000.00 5.49902% 990.63626523 4.53961106 0.00000000 0.00000000
B-3 1,200,000.00 5.49902% 990.63626667 4.53960833 0.00000000 0.00000000
B-4 1,067,000.00 5.49902% 990.63626054 4.53960637 0.00000000 0.00000000
B-5 800,000.00 5.49902% 990.63626250 4.53961250 0.00000000 0.00000000
B-6 934,376.00 5.49902% 990.63777323 4.53961788 0.00000000 0.00000000
<FN>
(5) All amounts per 1,000 dollar 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-CB-1 0.00000000 0.00000000 4.58333352 0.00000000 1000.00000000
1-CB-2 0.00000000 0.00000000 4.33364985 0.00000000 921.09544076
1-CB-3 0.00000000 0.00000000 4.53487451 0.00000000 987.63658955
1-CB-4 0.00000000 0.00000000 4.71082745 0.00000000 1032.52786413
1-CB-5 0.00000000 0.00000000 4.58332425 0.00000000 1000.00000000
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 0.20000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 4.24652653 0.00000000 830.22416532
CB-IO 0.00000000 0.00000000 4.31134945 0.00000000 923.91707140
3-A-1 0.00000000 0.00000000 4.04882498 0.00000000 963.90269654
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 947.10446589
4-A-1 0.00000000 0.00000000 4.13383079 0.00000000 888.91684931
15-IO 0.00000000 0.00000000 4.29201752 0.00000000 921.45524365
B-1 0.00000000 0.00000000 4.53960977 0.00000000 989.04114956
B-2 0.00000000 0.00000000 4.53961106 0.00000000 989.04114808
B-3 0.00000000 0.00000000 4.53960833 0.00000000 989.04115000
B-4 0.00000000 0.00000000 4.53960637 0.00000000 989.04115276
B-5 0.00000000 0.00000000 4.53961250 0.00000000 989.04115000
B-6 0.00000000 0.00000000 4.53961788 0.00000000 989.04265521
<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>
1-CB-IO 5.50000% 9,917,087.03 9,739,421.68 0.00 0.00 94.21005815%
2-CB-IO 5.50000% 1,314,490.08 1,292,265.49 0.00 0.00 80.65861141%
1-A-PO 0.00000% 0.00 0.00 200,470.46 199,977.21 98.49080607%
2-A-PO 0.00000% 0.00 0.00 253,623.72 252,602.80 94.39619430%
3-A-PO 0.00000% 0.00 0.00 185,152.25 184,218.00 91.32225874%
1-15-IO 5.50000% 623,174.38 618,546.30 0.00 0.00 96.77305952%
2-15-IO 5.50000% 389,826.23 378,244.36 0.00 0.00 85.46253488%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,516,032.41
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 5,516,032.41
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 54,742.86
Payment of Interest and Principal 5,461,289.55
Total Withdrawals (Pool Distribution Amount) 5,516,032.41
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 52,536.33
Trustee Fee: Wells Fargo Bank, N.A. 2,206.53
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 54,742.86
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 10 0 0 0 10
1,953,809.79 0.00 0.00 0.00 1,953,809.79
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 1 0 1
0.00 0.00 29,940.11 0.00 29,940.11
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 10 0 1 0 11
1,953,809.79 0.00 29,940.11 0.00 1,983,749.90
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 0.578704% 0.000000% 0.000000% 0.000000% 0.578704%
0.786992% 0.000000% 0.000000% 0.000000% 0.786992%
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% 0.057870% 0.000000% 0.057870%
0.000000% 0.000000% 0.012060% 0.000000% 0.012060%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.578704% 0.000000% 0.057870% 0.000000% 0.636574%
0.786992% 0.000000% 0.012060% 0.000000% 0.799052%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 5 0 0 0 5
811,859.00 0.00 0.00 0.00 811,859.00
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 1 0 1
0.00 0.00 29,940.11 0.00 29,940.11
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 5 0 1 0 6
811,859.00 0.00 29,940.11 0.00 841,799.11
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.428816% 0.000000% 0.000000% 0.000000% 0.428816%
0.469045% 0.000000% 0.000000% 0.000000% 0.469045%
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% 0.085763% 0.000000% 0.085763%
0.000000% 0.000000% 0.017298% 0.000000% 0.017298%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.428816% 0.000000% 0.085763% 0.000000% 0.514580%
0.469045% 0.000000% 0.017298% 0.000000% 0.486342%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
466,846.02 0.00 0.00 0.00 466,846.02
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 3 0 0 0 3
466,846.02 0.00 0.00 0.00 466,846.02
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.734104% 0.000000% 0.000000% 0.000000% 1.734104%
2.108050% 0.000000% 0.000000% 0.000000% 2.108050%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.734104% 0.000000% 0.000000% 0.000000% 1.734104%
2.108050% 0.000000% 0.000000% 0.000000% 2.108050%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
465,831.57 0.00 0.00 0.00 465,831.57
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
465,831.57 0.00 0.00 0.00 465,831.57
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.699301% 0.000000% 0.000000% 0.000000% 0.699301%
1.757054% 0.000000% 0.000000% 0.000000% 1.757054%
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 0.699301% 0.000000% 0.000000% 0.000000% 0.699301%
1.757054% 0.000000% 0.000000% 0.000000% 1.757054%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
209,273.20 0.00 0.00 0.00 209,273.20
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
209,273.20 0.00 0.00 0.00 209,273.20
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.406504% 0.000000% 0.000000% 0.000000% 0.406504%
0.789200% 0.000000% 0.000000% 0.000000% 0.789200%
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 0.406504% 0.000000% 0.000000% 0.000000% 0.406504%
0.789200% 0.000000% 0.000000% 0.000000% 0.789200%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 13,397.29
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 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 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4 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 1 Mar-05 0.000%
Original Principal Balance 30,000.00 Apr-05 0.000%
Current Principal Balance 29,940.11 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.012%
Sep-05 0.012%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 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 1 Mar-05 0.000%
Original Principal Balance 30,000.00 Apr-05 0.000%
Current Principal Balance 29,940.11 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.017%
Sep-05 0.017%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4 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>
1 6080999805 Aug-2005 01-Feb-2005 IA 100.00 30,000.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
1 6080999805 29,940.11 01-Mar-2005 5 6.000% 1,002.09
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.006148%
Weighted Average Pass-Through Rate 5.745648%
Weighted Average Maturity(Stepdown Calculation) 314
Beginning Scheduled Collateral Loan Count 1,753
Number Of Loans Paid In Full 25
Ending Scheduled Collateral Loan Count 1,728
Beginning Scheduled Collateral Balance 252,174,397.38
Ending Scheduled Collateral Balance 247,920,528.99
Ending Actual Collateral Balance at 31-Aug-2005 248,262,863.95
Monthly P&I Constant 1,669,236.10
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 5,386,841.02
Class AP Deferred Amount 0.00
Scheduled Principal 407,072.15
Unscheduled Principal 3,846,796.24
Miscellaneous Reporting
Senior % 95.292756%
Subordinate % 4.707244%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.063920 6.580225 5.341577
Weighted Average Net Rate 5.813920 6.330225 5.091577
Weighted Average Maturity 352 353 173
Beginning Loan Count 1,183 177 143
Loans Paid In Full 17 4 0
Ending Loan Count 1,166 173 143
Beginning Scheduled Balance 176,129,818.48 22,612,518.26 26,632,404.57
Ending Scheduled Balance 172,939,979.64 22,128,563.71 26,423,988.69
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 1,073,505.26 144,852.52 221,427.92
Scheduled Principal 183,474.34 20,856.31 102,878.71
Unscheduled Principal 3,006,364.50 463,098.24 105,537.17
Scheduled Interest 890,030.92 123,996.21 118,549.21
Servicing Fees 36,693.71 4,710.94 5,548.42
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,541.14 197.86 233.03
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 851,796.07 119,087.41 112,767.76
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 5.803420 6.319725 5.081077
Group Level Collateral Statement
Group 4 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.802505 6.006148
Weighted Average Net Rate 5.552505 5.756148
Weighted Average Maturity 173 314
Beginning Loan Count 250 1,753
Loans Paid In Full 4 25
Ending Loan Count 246 1,728
Beginning Scheduled Balance 26,799,656.07 252,174,397.38
Ending scheduled Balance 26,427,996.95 247,920,528.99
Record Date 08/31/2005 08/31/2005
Principal And Interest Constant 229,450.40 1,669,236.10
Scheduled Principal 99,862.79 407,072.15
Unscheduled Principal 271,796.33 3,846,796.24
Scheduled Interest 129,587.61 1,262,163.95
Servicing Fees 5,583.26 52,536.33
Master Servicing Fees 0.00 0.00
Trustee Fee 234.50 2,206.53
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 123,769.85 1,207,421.09
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.542005 5.745648
Miscellaneous Reporting
Group 1
CPR 18.682902%
Subordinate % 4.401089%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.598911%
Group 2
CPR 22.006117%
Subordinate % 4.941736%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.058264%
Group 3
CPR 4.670649%
Subordinate % 4.319295%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.680705%
Miscellaneous Reporting
Group 4
CPR 11.554409%
Subordinate % 4.627478%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.372522%
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 17 3,013,620.00 2,992,836.98 0 0.00 0.00
2 4 324,240.00 320,768.19 0 0.00 0.00
3 0 0.00 0.00 0 0.00 0.00
4 4 311,300.00 254,216.11 0 0.00 0.00
Total 25 3,649,160.00 3,567,821.28 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1 0 0.00 0.00 0 0.00 0.00 17,216.37
2 0 0.00 0.00 0 0.00 0.00 142,641.22
3 0 0.00 0.00 0 0.00 0.00 105,537.17
4 0 0.00 0.00 0 0.00 0.00 47,297.71
Total 0 0.00 0.00 0 0.00 0.00 312,692.47
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 3301201210 FL 70.00 01-Mar-2005 104,300.00 103,572.31
1 6022751041 WI 64.92 01-Feb-2005 267,500.00 265,331.95
1 6096269458 CA 50.75 01-Mar-2005 203,000.00 201,563.97
1 6170533175 GA 80.00 01-Feb-2005 152,000.00 150,738.78
1 6282275715 WI 80.00 01-Mar-2005 136,400.00 134,864.80
1 6306632297 AZ 80.00 01-Feb-2005 148,328.00 147,108.37
1 6481388111 IL 74.89 01-Mar-2005 359,500.00 356,956.87
1 6564427190 VA 80.00 01-Feb-2005 272,000.00 269,743.02
1 6606500376 MA 45.95 01-Feb-2005 216,000.00 213,318.49
1 6620784881 MO 80.00 01-Jan-2005 68,800.00 68,200.03
1 6697588199 FL 80.00 01-Feb-2005 128,000.00 126,982.02
1 6702366169 FL 74.99 01-Feb-2005 285,742.00 283,492.59
1 6706471551 WI 78.42 01-Mar-2005 149,000.00 147,929.52
1 6772975063 NY 70.00 01-Mar-2005 33,600.00 33,359.70
1 6830248990 FL 90.00 01-Feb-2005 108,000.00 107,184.72
1 6852103727 NC 70.00 01-Mar-2005 82,600.00 82,015.68
1 6945420377 MA 79.99 01-Mar-2005 298,850.00 296,785.31
2 3301245332 ME 80.00 01-Feb-2005 116,000.00 113,662.52
2 6232097599 IN 80.00 01-Mar-2005 36,320.00 36,091.87
2 6407956926 IL 47.16 01-Feb-2005 100,000.00 99,245.26
2 6513415684 AZ 80.00 01-Mar-2005 71,920.00 71,457.37
4 3301335323 FL 73.04 01-Mar-2005 103,000.00 100,406.86
4 3301428094 CA 17.82 01-Mar-2005 81,300.00 321.92
4 6381946042 NJ 38.49 01-Feb-2005 50,000.00 48,670.86
4 6676287565 CA 39.48 01-Feb-2005 77,000.00 75,098.98
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 3301201210 Loan Paid in Full 0 6.250% 360 6
1 6022751041 Loan Paid in Full (1) 6.000% 360 7
1 6096269458 Loan Paid in Full 0 6.000% 360 6
1 6170533175 Loan Paid in Full 0 5.875% 360 7
1 6282275715 Loan Paid in Full 0 5.750% 360 6
1 6306632297 Loan Paid in Full (1) 6.250% 360 7
1 6481388111 Loan Paid in Full 0 6.000% 360 6
1 6564427190 Loan Paid in Full (1) 5.875% 360 7
1 6606500376 Loan Paid in Full 0 6.000% 300 7
1 6620784881 Loan Paid in Full 0 6.250% 360 8
1 6697588199 Loan Paid in Full 0 6.125% 360 7
1 6702366169 Loan Paid in Full 0 6.250% 360 7
1 6706471551 Loan Paid in Full 0 6.250% 360 6
1 6772975063 Loan Paid in Full (5) 6.125% 360 6
1 6830248990 Loan Paid in Full (1) 6.375% 360 7
1 6852103727 Loan Paid in Full 0 6.000% 360 6
1 6945420377 Loan Paid in Full 0 6.125% 360 6
2 3301245332 Loan Paid in Full 0 6.500% 360 7
2 6232097599 Loan Paid in Full (1) 6.625% 360 6
2 6407956926 Loan Paid in Full 0 6.500% 360 7
2 6513415684 Loan Paid in Full 0 6.500% 360 6
4 3301335323 Loan Paid in Full 0 5.750% 180 6
4 3301428094 Loan Paid in Full 0 5.875% 180 6
4 6381946042 Loan Paid in Full 0 6.625% 180 7
4 6676287565 Loan Paid in Full 0 5.875% 180 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.528% Current Month 16.870% Current Month 1,283.238%
3 Month Average 1.347% 3 Month Average 14.899% 3 Month Average 1,388.011%
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 0.437% N/A Mar-2005 385.788% N/A
Apr-2005 7.984% N/A Apr-2005 2,542.845% N/A
May-2005 7.212% N/A May-2005 1,403.741% N/A
Jun-2005 8.908% N/A Jun-2005 1,247.333% N/A
Jul-2005 19.579% N/A Jul-2005 2,140.755% N/A
Aug-2005 8.249% N/A Aug-2005 740.039% N/A
Sep-2005 16.870% N/A Sep-2005 1,283.238% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.709% Current Month 18.683% Current Month 1,423.053%
3 Month Average 1.314% 3 Month Average 14.564% 3 Month Average 1,334.382%
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 0.392% N/A Mar-2005 350.227% N/A
Apr-2005 4.199% N/A Apr-2005 1,343.822% N/A
May-2005 2.622% N/A May-2005 511.877% N/A
Jun-2005 5.930% N/A Jun-2005 832.296% N/A
Jul-2005 16.910% N/A Jul-2005 1,852.426% N/A
Aug-2005 8.098% N/A Aug-2005 727.668% N/A
Sep-2005 18.683% N/A Sep-2005 1,423.053% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.050% Current Month 22.006% Current Month 1,674.026%
3 Month Average 1.836% 3 Month Average 19.901% 3 Month Average 1,791.874%
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 0.022% N/A Mar-2005 20.291% N/A
Apr-2005 40.653% N/A Apr-2005 12,938.762% N/A
May-2005 33.184% N/A May-2005 6,488.693% N/A
Jun-2005 37.113% N/A Jun-2005 5,198.593% N/A
Jul-2005 16.448% N/A Jul-2005 1,796.394% N/A
Aug-2005 21.250% N/A Aug-2005 1,905.201% N/A
Sep-2005 22.006% N/A Sep-2005 1,674.026% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.398% Current Month 4.671% Current Month 350.902%
3 Month Average 0.157% 3 Month Average 1.851% 3 Month Average 143.749%
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 1.146% N/A Mar-2005 881.765% N/A
Apr-2005 0.132% N/A Apr-2005 40.056% N/A
May-2005 0.552% N/A May-2005 104.229% N/A
Jun-2005 4.560% N/A Jun-2005 624.303% N/A
Jul-2005 0.120% N/A Jul-2005 12.950% N/A
Aug-2005 0.762% N/A Aug-2005 67.396% N/A
Sep-2005 4.671% N/A Sep-2005 350.902% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.018% Current Month 11.554% Current Month 882.065%
3 Month Average 2.271% 3 Month Average 21.572% 3 Month Average 2,213.681%
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 0.423% N/A Mar-2005 390.946% N/A
Apr-2005 2.365% N/A Apr-2005 766.749% N/A
May-2005 14.884% N/A May-2005 2,919.080% N/A
Jun-2005 3.059% N/A Jun-2005 430.947% N/A
Jul-2005 48.784% N/A Jul-2005 5,364.682% N/A
Aug-2005 4.376% N/A Aug-2005 394.296% N/A
Sep-2005 11.554% N/A Sep-2005 882.065% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 0 0.00 0.00 0.000%
4 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
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 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 N/A N/A Feb-2005 N/A 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
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 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 N/A N/A Feb-2005 N/A 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
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 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 N/A N/A Feb-2005 N/A 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.
3
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
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 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 N/A N/A Feb-2005 N/A 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.
4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
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 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 N/A N/A Feb-2005 N/A 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>