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 2005-6 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-26
Pooling and Servicing Agreement) (Commission 54-2176713
(State or other File Number) 54-2176714
jurisdiction 54-2176715
of Incorporation) IRS EIN
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 2005-6
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 2005-6 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 2005-6 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 2005-6 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 2005-6
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>
1CB1 05948KC98 SEN 5.50000% 17,658,000.00 80,932.50
1CB2 05948KD22 SEN 5.00000% 118,082,473.86 492,010.31
1CB3IO 05948KD30 SEN 3.50875% 0.00 86,317.06
1CB4 05948KD48 SEN 3.93125% 28,265,601.23 92,599.29
1CB5 05948KD55 SEN 3.93125% 1,255,017.24 4,111.49
1CB6IO 05948KD63 SEN 0.06000% 0.00 1,476.03
1CB7 05948KD71 SEN 5.25000% 8,382,000.00 36,671.25
1CB8IO 05948KD89 SEN 5.50000% 0.00 1,746.25
1CB9 05948KD97 SEN 5.50000% 2,023,000.00 9,272.08
1CB10 05948KE22 SEN 5.50000% 1,000,000.00 4,583.33
1CBR 05948KE39 SEN 5.50000% 0.00 0.12
2CB1 05948KE54 SEN 6.00000% 86,366,110.18 431,830.55
2CB2 05948KE62 SEN 6.00000% 36,939,837.72 184,699.19
2CB3 05948KE70 SEN 6.00000% 1,639,205.30 8,196.03
3CB1 05948KE88 SEN 6.00000% 92,217,795.61 461,088.98
4CB1 05948KE96 SEN 6.50000% 15,064,268.90 81,598.12
5A1 05948KF20 SEN 5.50000% 17,971,000.00 82,367.08
5A2 05948KF38 SEN 5.50000% 141,682,329.38 649,377.34
5A3 05948KF46 SEN 5.50000% 5,347,000.00 24,507.08
5A4 05948KF53 SEN 5.50000% 5,347,000.00 24,507.08
5A5 05948KF61 SEN 5.50000% 5,362,000.00 24,575.83
5A6 05948KF79 SEN 5.50000% 1,000,000.00 4,583.33
5IO 05948KF87 SEN 5.50000% 0.00 47,249.17
6A1 05948KF95 SEN 5.00000% 22,909,812.65 95,457.55
7A1 05948KG29 SEN 5.50000% 62,514,555.68 286,525.05
15IO 05948KG37 SEN 5.50000% 0.00 15,832.22
CBIO 05948KE47 SEN 5.50000% 0.00 61,918.95
APO 05948KG45 PO 0.00000% 1,297,133.32 0.00
B1 05948KG52 SUB 5.66820% 13,238,130.25 62,530.34
B2 05948KG60 SUB 5.66820% 5,722,925.59 27,032.25
B3 05948KG78 SUB 5.66820% 4,291,695.51 20,271.84
B4 05948KG86 SUB 5.66820% 2,861,462.80 13,516.13
B5 05948KG94 SUB 5.66820% 1,431,230.08 6,760.42
B6 05948KH28 SUB 5.66820% 2,861,379.02 13,515.73
RL BAA0505RL SEN 0.00000% 0.00 0.00
RM BAA0505RM SEN 0.00000% 0.00 0.00
Totals 702,730,964.32 3,437,659.97
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1CB1 0.00 0.00 17,658,000.00 80,932.50 0.00
1CB2 327,364.49 0.00 117,755,109.37 819,374.80 0.00
1CB3IO 0.00 0.00 0.00 86,317.06 0.00
1CB4 78,361.79 0.00 28,187,239.43 170,961.08 0.00
1CB5 3,479.33 0.00 1,251,537.91 7,590.82 0.00
1CB6IO 0.00 0.00 0.00 1,476.03 0.00
1CB7 0.00 0.00 8,382,000.00 36,671.25 0.00
1CB8IO 0.00 0.00 0.00 1,746.25 0.00
1CB9 0.00 0.00 2,023,000.00 9,272.08 0.00
1CB10 0.00 0.00 1,000,000.00 4,583.33 0.00
1CBR 0.00 0.00 0.00 0.12 0.00
2CB1 1,966,976.19 0.00 84,399,133.98 2,398,806.74 0.00
2CB2 841,299.69 0.00 36,098,538.04 1,025,998.88 0.00
2CB3 37,332.67 0.00 1,601,872.63 45,528.70 0.00
3CB1 1,353,909.72 0.00 90,863,885.89 1,814,998.70 0.00
4CB1 150,972.97 0.00 14,913,295.93 232,571.09 0.00
5A1 0.00 0.00 17,971,000.00 82,367.08 0.00
5A2 4,635,342.18 0.00 137,046,987.21 5,284,719.52 0.00
5A3 0.00 0.00 5,347,000.00 24,507.08 0.00
5A4 0.00 0.00 5,347,000.00 24,507.08 0.00
5A5 0.00 0.00 5,362,000.00 24,575.83 0.00
5A6 0.00 0.00 1,000,000.00 4,583.33 0.00
5IO 0.00 0.00 0.00 47,249.17 0.00
6A1 92,461.20 0.00 22,817,351.46 187,918.75 0.00
7A1 1,134,252.82 0.00 61,380,302.86 1,420,777.87 0.00
15IO 0.00 0.00 0.00 15,832.22 0.00
CBIO 0.00 0.00 0.00 61,918.95 0.00
APO 2,910.52 0.00 1,294,222.79 2,910.52 0.00
B1 17,576.27 0.00 13,220,553.98 80,106.61 0.00
B2 7,598.33 0.00 5,715,327.26 34,630.58 0.00
B3 5,698.09 0.00 4,285,997.42 25,969.93 0.00
B4 3,799.17 0.00 2,857,663.63 17,315.30 0.00
B5 1,900.24 0.00 1,429,329.84 8,660.66 0.00
B6 3,799.05 0.00 2,857,579.96 17,314.78 0.00
RL 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00
Totals 10,665,034.72 0.00 692,065,929.59 14,102,694.69 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>
1CB1 17,658,000.00 17,658,000.00 0.00 0.00 0.00 0.00
1CB2 119,304,000.00 118,082,473.86 146,897.37 180,467.12 0.00 0.00
1CB3IO 0.00 0.00 0.00 0.00 0.00 0.00
1CB4 28,558,000.00 28,265,601.23 35,163.07 43,198.72 0.00 0.00
1CB5 1,268,000.00 1,255,017.24 1,561.27 1,918.06 0.00 0.00
1CB6IO 0.00 0.00 0.00 0.00 0.00 0.00
1CB7 8,382,000.00 8,382,000.00 0.00 0.00 0.00 0.00
1CB8IO 0.00 0.00 0.00 0.00 0.00 0.00
1CB9 2,023,000.00 2,023,000.00 0.00 0.00 0.00 0.00
1CB10 1,000,000.00 1,000,000.00 0.00 0.00 0.00 0.00
1CBR 100.00 0.00 0.00 0.00 0.00 0.00
2CB1 89,780,000.00 86,366,110.18 81,026.74 1,885,949.45 0.00 0.00
2CB2 38,400,000.00 36,939,837.72 34,656.13 806,643.56 0.00 0.00
2CB3 1,704,000.00 1,639,205.30 1,537.87 35,794.81 0.00 0.00
3CB1 93,431,000.00 92,217,795.61 87,467.90 1,266,441.83 0.00 0.00
4CB1 15,240,000.00 15,064,268.90 13,585.14 137,387.83 0.00 0.00
5A1 17,971,000.00 17,971,000.00 0.00 0.00 0.00 0.00
5A2 146,259,000.00 141,682,329.38 180,856.15 4,454,486.03 0.00 0.00
5A3 5,347,000.00 5,347,000.00 0.00 0.00 0.00 0.00
5A4 5,347,000.00 5,347,000.00 0.00 0.00 0.00 0.00
5A5 5,362,000.00 5,362,000.00 0.00 0.00 0.00 0.00
5A6 1,000,000.00 1,000,000.00 0.00 0.00 0.00 0.00
5IO 0.00 0.00 0.00 0.00 0.00 0.00
6A1 23,684,000.00 22,909,812.65 85,912.78 6,548.41 0.00 0.00
7A1 63,709,000.00 62,514,555.68 223,098.81 911,154.01 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
APO 1,307,864.00 1,297,133.32 1,804.17 1,106.35 0.00 0.00
B1 13,273,000.00 13,238,130.25 17,576.27 0.00 0.00 0.00
B2 5,738,000.00 5,722,925.59 7,598.33 0.00 0.00 0.00
B3 4,303,000.00 4,291,695.51 5,698.09 0.00 0.00 0.00
B4 2,869,000.00 2,861,462.80 3,799.17 0.00 0.00 0.00
B5 1,435,000.00 1,431,230.08 1,900.24 0.00 0.00 0.00
B6 2,868,916.00 2,861,379.02 3,799.05 0.00 0.00 0.00
RL 0.00 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00 0.00
Totals 717,221,880.00 702,730,964.32 933,938.55 9,731,096.18 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>
1CB1 0.00 17,658,000.00 1.00000000 0.00
1CB2 327,364.49 117,755,109.37 0.98701728 327,364.49
1CB3IO 0.00 0.00 0.00000000 0.00
1CB4 78,361.79 28,187,239.43 0.98701728 78,361.79
1CB5 3,479.33 1,251,537.91 0.98701728 3,479.33
1CB6IO 0.00 0.00 0.00000000 0.00
1CB7 0.00 8,382,000.00 1.00000000 0.00
1CB8IO 0.00 0.00 0.00000000 0.00
1CB9 0.00 2,023,000.00 1.00000000 0.00
1CB10 0.00 1,000,000.00 1.00000000 0.00
1CBR 0.00 0.00 0.00000000 0.00
2CB1 1,966,976.19 84,399,133.98 0.94006609 1,966,976.19
2CB2 841,299.69 36,098,538.04 0.94006609 841,299.69
2CB3 37,332.67 1,601,872.63 0.94006610 37,332.67
3CB1 1,353,909.72 90,863,885.89 0.97252396 1,353,909.72
4CB1 150,972.97 14,913,295.93 0.97856273 150,972.97
5A1 0.00 17,971,000.00 1.00000000 0.00
5A2 4,635,342.18 137,046,987.21 0.93701575 4,635,342.18
5A3 0.00 5,347,000.00 1.00000000 0.00
5A4 0.00 5,347,000.00 1.00000000 0.00
5A5 0.00 5,362,000.00 1.00000000 0.00
5A6 0.00 1,000,000.00 1.00000000 0.00
5IO 0.00 0.00 0.00000000 0.00
6A1 92,461.20 22,817,351.46 0.96340785 92,461.20
7A1 1,134,252.82 61,380,302.86 0.96344791 1,134,252.82
15IO 0.00 0.00 0.00000000 0.00
CBIO 0.00 0.00 0.00000000 0.00
APO 2,910.52 1,294,222.79 0.98956986 2,910.52
B1 17,576.27 13,220,553.98 0.99604867 17,576.27
B2 7,598.33 5,715,327.26 0.99604867 7,598.33
B3 5,698.09 4,285,997.42 0.99604867 5,698.09
B4 3,799.17 2,857,663.63 0.99604867 3,799.17
B5 1,900.24 1,429,329.84 0.99604867 1,900.24
B6 3,799.05 2,857,579.96 0.99604867 3,799.05
RL 0.00 0.00 0.00000000 0.00
RM 0.00 0.00 0.00000000 0.00
Totals 10,665,034.72 692,065,929.59 0.96492585 10,665,034.72
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>
1CB1 17,658,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1CB2 119,304,000.00 989.76123064 1.23128621 1.51266613 0.00000000
1CB3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1CB4 28,558,000.00 989.76123083 1.23128615 1.51266615 0.00000000
1CB5 1,268,000.00 989.76123028 1.23128549 1.51266562 0.00000000
1CB6IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1CB7 8,382,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1CB8IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1CB9 2,023,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1CB10 1,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1CBR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 89,780,000.00 961.97494074 0.90250323 21.00634273 0.00000000
2CB2 38,400,000.00 961.97494063 0.90250339 21.00634271 0.00000000
2CB3 1,704,000.00 961.97494131 0.90250587 21.00634390 0.00000000
3CB1 93,431,000.00 987.01496944 0.93617643 13.55483544 0.00000000
4CB1 15,240,000.00 988.46908793 0.89141339 9.01494948 0.00000000
5A1 17,971,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A2 146,259,000.00 968.70845131 1.23654715 30.45614991 0.00000000
5A3 5,347,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A4 5,347,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A5 5,362,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A6 1,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
6A1 23,684,000.00 967.31179910 3.62746073 0.27649088 0.00000000
7A1 63,709,000.00 981.25156069 3.50184134 14.30180995 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
APO 1,307,864.00 991.79526312 1.37947829 0.84592129 0.00000000
B1 13,273,000.00 997.37288104 1.32421231 0.00000000 0.00000000
B2 5,738,000.00 997.37288079 1.32421227 0.00000000 0.00000000
B3 4,303,000.00 997.37288171 1.32421334 0.00000000 0.00000000
B4 2,869,000.00 997.37288254 1.32421401 0.00000000 0.00000000
B5 1,435,000.00 997.37287805 1.32420906 0.00000000 0.00000000
B6 2,868,916.00 997.37288230 1.32421096 0.00000000 0.00000000
RL 0.00 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are 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>
1CB1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1CB2 0.00000000 2.74395234 987.01727830 0.98701728 2.74395234
1CB3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1CB4 0.00000000 2.74395231 987.01727817 0.98701728 2.74395231
1CB5 0.00000000 2.74395110 987.01727918 0.98701728 2.74395110
1CB6IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1CB7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1CB8IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1CB9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1CB10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1CBR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 0.00000000 21.90884596 940.06609468 0.94006609 21.90884596
2CB2 0.00000000 21.90884609 940.06609479 0.94006609 21.90884609
2CB3 0.00000000 21.90884390 940.06609742 0.94006610 21.90884390
3CB1 0.00000000 14.49101176 972.52395768 0.97252396 14.49101176
4CB1 0.00000000 9.90636286 978.56272507 0.97856273 9.90636286
5A1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A2 0.00000000 31.69269706 937.01575431 0.93701575 31.69269706
5A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
6A1 0.00000000 3.90395204 963.40784749 0.96340785 3.90395204
7A1 0.00000000 17.80365129 963.44790940 0.96344791 17.80365129
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
APO 0.00000000 2.22539958 989.56985589 0.98956986 2.22539958
B1 0.00000000 1.32421231 996.04866873 0.99604867 1.32421231
B2 0.00000000 1.32421227 996.04866853 0.99604867 1.32421227
B3 0.00000000 1.32421334 996.04866837 0.99604867 1.32421334
B4 0.00000000 1.32421401 996.04866853 0.99604867 1.32421401
B5 0.00000000 1.32420906 996.04866899 0.99604867 1.32420906
B6 0.00000000 1.32421096 996.04866786 0.99604867 1.32421096
RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1CB1 17,658,000.00 5.50000% 0.00 80,932.50 0.00 0.00
1CB2 119,304,000.00 5.00000% 118,082,473.86 492,010.31 0.00 0.00
1CB3IO 0.00 3.50875% 29,520,618.47 86,317.06 0.00 0.00
1CB4 28,558,000.00 3.93125% 28,265,601.23 92,599.29 0.00 0.00
1CB5 1,268,000.00 3.93125% 1,255,017.24 4,111.49 0.00 0.00
1CB6IO 0.00 0.06000% 29,520,618.47 1,476.03 0.00 0.00
1CB7 8,382,000.00 5.25000% 8,382,000.00 36,671.25 0.00 0.00
1CB8IO 0.00 5.50000% 381,000.00 1,746.25 0.00 0.00
1CB9 2,023,000.00 5.50000% 2,023,000.00 9,272.08 0.00 0.00
1CB10 1,000,000.00 5.50000% 1,000,000.00 4,583.33 0.00 0.00
1CBR 100.00 5.50000% 0.00 0.00 0.00 0.00
2CB1 89,780,000.00 6.00000% 86,366,110.18 431,830.55 0.00 0.00
2CB2 38,400,000.00 6.00000% 36,939,837.72 184,699.19 0.00 0.00
2CB3 1,704,000.00 6.00000% 1,639,205.30 8,196.03 0.00 0.00
3CB1 93,431,000.00 6.00000% 92,217,795.61 461,088.98 0.00 0.00
4CB1 15,240,000.00 6.50000% 15,064,268.90 81,598.12 0.00 0.00
5A1 17,971,000.00 5.50000% 17,971,000.00 82,367.08 0.00 0.00
5A2 146,259,000.00 5.50000% 141,682,329.38 649,377.34 0.00 0.00
5A3 5,347,000.00 5.50000% 5,347,000.00 24,507.08 0.00 0.00
5A4 5,347,000.00 5.50000% 5,347,000.00 24,507.08 0.00 0.00
5A5 5,362,000.00 5.50000% 5,362,000.00 24,575.83 0.00 0.00
5A6 1,000,000.00 5.50000% 1,000,000.00 4,583.33 0.00 0.00
5IO 0.00 5.50000% 10,308,909.00 47,249.17 0.00 0.00
6A1 23,684,000.00 5.00000% 22,909,812.65 95,457.55 0.00 0.00
7A1 63,709,000.00 5.50000% 62,514,555.68 286,525.05 0.00 0.00
15IO 0.00 5.50000% 3,454,302.50 15,832.22 0.00 0.00
CBIO 0.00 5.50000% 13,509,589.29 61,918.95 0.00 0.00
APO 1,307,864.00 0.00000% 1,297,133.32 0.00 0.00 0.00
B1 13,273,000.00 5.66820% 13,238,130.25 62,530.34 0.00 0.00
B2 5,738,000.00 5.66820% 5,722,925.59 27,032.25 0.00 0.00
B3 4,303,000.00 5.66820% 4,291,695.51 20,271.84 0.00 0.00
B4 2,869,000.00 5.66820% 2,861,462.80 13,516.13 0.00 0.00
B5 1,435,000.00 5.66820% 1,431,230.08 6,760.42 0.00 0.00
B6 2,868,916.00 5.66820% 2,861,379.02 13,515.73 0.00 0.00
RL 0.00 0.00000% 0.00 0.00 0.00 0.00
RM 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 717,221,880.00 3,437,659.85 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>
1CB1 0.00 0.00 80,932.50 0.00 0.00
1CB2 0.00 0.00 492,010.31 0.00 117,755,109.37
1CB3IO 0.00 0.00 86,317.06 0.00 29,438,777.34
1CB4 0.00 0.00 92,599.29 0.00 28,187,239.43
1CB5 0.00 0.00 4,111.49 0.00 1,251,537.91
1CB6IO 0.00 0.00 1,476.03 0.00 29,438,777.34
1CB7 0.00 0.00 36,671.25 0.00 8,382,000.00
1CB8IO 0.00 0.00 1,746.25 0.00 381,000.00
1CB9 0.00 0.00 9,272.08 0.00 2,023,000.00
1CB10 0.00 0.00 4,583.33 0.00 1,000,000.00
1CBR 0.00 0.00 0.12 0.00 0.00
2CB1 0.00 0.00 431,830.55 0.00 84,399,133.98
2CB2 0.00 0.00 184,699.19 0.00 36,098,538.04
2CB3 0.00 0.00 8,196.03 0.00 1,601,872.63
3CB1 0.00 0.00 461,088.98 0.00 90,863,885.89
4CB1 0.00 0.00 81,598.12 0.00 14,913,295.93
5A1 0.00 0.00 82,367.08 0.00 17,971,000.00
5A2 0.00 0.00 649,377.34 0.00 137,046,987.21
5A3 0.00 0.00 24,507.08 0.00 5,347,000.00
5A4 0.00 0.00 24,507.08 0.00 5,347,000.00
5A5 0.00 0.00 24,575.83 0.00 5,362,000.00
5A6 0.00 0.00 4,583.33 0.00 1,000,000.00
5IO 0.00 0.00 47,249.17 0.00 9,798,787.67
6A1 0.00 0.00 95,457.55 0.00 22,817,351.46
7A1 0.00 0.00 286,525.05 0.00 61,380,302.86
15IO 0.00 0.00 15,832.22 0.00 3,426,375.89
CBIO 0.00 0.00 61,918.95 0.00 13,180,011.07
APO 0.00 0.00 0.00 0.00 1,294,222.79
B1 0.00 0.00 62,530.34 0.00 13,220,553.98
B2 0.00 0.00 27,032.25 0.00 5,715,327.26
B3 0.00 0.00 20,271.84 0.00 4,285,997.42
B4 0.00 0.00 13,516.13 0.00 2,857,663.63
B5 0.00 0.00 6,760.42 0.00 1,429,329.84
B6 0.00 0.00 13,515.73 0.00 2,857,579.96
RL 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,437,659.97 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>
1CB1 17,658,000.00 5.50000% 0.00000000 4.58333333 0.00000000 0.00000000
1CB2 119,304,000.00 5.00000% 989.76123064 4.12400515 0.00000000 0.00000000
1CB3IO 0.00 3.50875% 989.76123081 2.89402065 0.00000000 0.00000000
1CB4 28,558,000.00 3.93125% 989.76123083 3.24249912 0.00000000 0.00000000
1CB5 1,268,000.00 3.93125% 989.76123028 3.24250000 0.00000000 0.00000000
1CB6IO 0.00 0.06000% 989.76123081 0.04948803 0.00000000 0.00000000
1CB7 8,382,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
1CB8IO 0.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1CB9 2,023,000.00 5.50000% 1000.00000000 4.58333169 0.00000000 0.00000000
1CB10 1,000,000.00 5.50000% 1000.00000000 4.58333000 0.00000000 0.00000000
1CBR 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 89,780,000.00 6.00000% 961.97494074 4.80987469 0.00000000 0.00000000
2CB2 38,400,000.00 6.00000% 961.97494063 4.80987474 0.00000000 0.00000000
2CB3 1,704,000.00 6.00000% 961.97494131 4.80987676 0.00000000 0.00000000
3CB1 93,431,000.00 6.00000% 987.01496944 4.93507487 0.00000000 0.00000000
4CB1 15,240,000.00 6.50000% 988.46908793 5.35420735 0.00000000 0.00000000
5A1 17,971,000.00 5.50000% 1000.00000000 4.58333315 0.00000000 0.00000000
5A2 146,259,000.00 5.50000% 968.70845131 4.43991371 0.00000000 0.00000000
5A3 5,347,000.00 5.50000% 1000.00000000 4.58333271 0.00000000 0.00000000
5A4 5,347,000.00 5.50000% 1000.00000000 4.58333271 0.00000000 0.00000000
5A5 5,362,000.00 5.50000% 1000.00000000 4.58333271 0.00000000 0.00000000
5A6 1,000,000.00 5.50000% 1000.00000000 4.58333000 0.00000000 0.00000000
5IO 0.00 5.50000% 959.74741541 4.39884267 0.00000000 0.00000000
6A1 23,684,000.00 5.00000% 967.31179910 4.03046572 0.00000000 0.00000000
7A1 63,709,000.00 5.50000% 981.25156069 4.49740304 0.00000000 0.00000000
15IO 0.00 5.50000% 973.33248989 4.46110730 0.00000000 0.00000000
CBIO 0.00 5.50000% 971.80481149 4.45410532 0.00000000 0.00000000
APO 1,307,864.00 0.00000% 991.79526312 0.00000000 0.00000000 0.00000000
B1 13,273,000.00 5.66820% 997.37288104 4.71109320 0.00000000 0.00000000
B2 5,738,000.00 5.66820% 997.37288079 4.71109272 0.00000000 0.00000000
B3 4,303,000.00 5.66820% 997.37288171 4.71109459 0.00000000 0.00000000
B4 2,869,000.00 5.66820% 997.37288254 4.71109446 0.00000000 0.00000000
B5 1,435,000.00 5.66820% 997.37287805 4.71109408 0.00000000 0.00000000
B6 2,868,916.00 5.66820% 997.37288230 4.71109297 0.00000000 0.00000000
RL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are 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>
1CB1 0.00000000 0.00000000 4.58333333 0.00000000 0.00000000
1CB2 0.00000000 0.00000000 4.12400515 0.00000000 987.01727830
1CB3IO 0.00000000 0.00000000 2.89402065 0.00000000 987.01727821
1CB4 0.00000000 0.00000000 3.24249912 0.00000000 987.01727817
1CB5 0.00000000 0.00000000 3.24250000 0.00000000 987.01727918
1CB6IO 0.00000000 0.00000000 0.04948803 0.00000000 987.01727821
1CB7 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000
1CB8IO 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1CB9 0.00000000 0.00000000 4.58333169 0.00000000 1000.00000000
1CB10 0.00000000 0.00000000 4.58333000 0.00000000 1000.00000000
1CBR 0.00000000 0.00000000 1.20000000 0.00000000 0.00000000
2CB1 0.00000000 0.00000000 4.80987469 0.00000000 940.06609468
2CB2 0.00000000 0.00000000 4.80987474 0.00000000 940.06609479
2CB3 0.00000000 0.00000000 4.80987676 0.00000000 940.06609742
3CB1 0.00000000 0.00000000 4.93507487 0.00000000 972.52395768
4CB1 0.00000000 0.00000000 5.35420735 0.00000000 978.56272507
5A1 0.00000000 0.00000000 4.58333315 0.00000000 1000.00000000
5A2 0.00000000 0.00000000 4.43991371 0.00000000 937.01575431
5A3 0.00000000 0.00000000 4.58333271 0.00000000 1000.00000000
5A4 0.00000000 0.00000000 4.58333271 0.00000000 1000.00000000
5A5 0.00000000 0.00000000 4.58333271 0.00000000 1000.00000000
5A6 0.00000000 0.00000000 4.58333000 0.00000000 1000.00000000
5IO 0.00000000 0.00000000 4.39884267 0.00000000 912.25571401
6A1 0.00000000 0.00000000 4.03046572 0.00000000 963.40784749
7A1 0.00000000 0.00000000 4.49740304 0.00000000 963.44790940
15IO 0.00000000 0.00000000 4.46110730 0.00000000 965.46349844
CBIO 0.00000000 0.00000000 4.45410532 0.00000000 948.09678506
APO 0.00000000 0.00000000 0.00000000 0.00000000 989.56985589
B1 0.00000000 0.00000000 4.71109320 0.00000000 996.04866873
B2 0.00000000 0.00000000 4.71109272 0.00000000 996.04866853
B3 0.00000000 0.00000000 4.71109459 0.00000000 996.04866837
B4 0.00000000 0.00000000 4.71109446 0.00000000 996.04866853
B5 0.00000000 0.00000000 4.71109408 0.00000000 996.04866899
B6 0.00000000 0.00000000 4.71109297 0.00000000 996.04866786
RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder 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>
1CBIO 5.50000% 0.00 6,938,934.60 0.00 0.00 98.93718307%
2CBIO 5.50000% 0.00 4,324,479.08 0.00 0.00 89.53261616%
3CBIO 5.50000% 0.00 1,857,813.38 0.00 0.00 93.10126406%
4CBIO 5.50000% 0.00 58,784.01 0.00 0.00 94.00177501%
6IO 5.50000% 0.00 850,470.97 0.00 0.00 95.03913109%
7IO 5.50000% 0.00 2,575,904.92 0.00 0.00 97.05453189%
1APO 0.00000% 0.00 0.00 447,819.90 446,755.53 98.71850493%
2APO 0.00000% 0.00 0.00 16,624.10 16,411.28 96.78174205%
3APO 0.00000% 0.00 0.00 20,310.45 20,191.66 98.02728420%
4APO 0.00000% 0.00 0.00 335,592.11 335,208.82 98.91316998%
5APO 0.00000% 0.00 0.00 357,312.63 356,885.05 99.56063438%
6APO 0.00000% 0.00 0.00 111,567.90 111,135.46 98.85385683%
7APO 0.00000% 0.00 0.00 7,906.23 7,635.01 95.70080221%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 14,250,560.99
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 14,250,560.99
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 147,866.30
Payment of Interest and Principal 14,102,694.69
Total Withdrawals (Pool Distribution Amount) 14,250,560.99
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 146,402.28
Wells Fargo Bank, N.A. 1,464.02
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 147,866.30
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 16 0 0 0 16
2,422,675.15 0.00 0.00 0.00 2,422,675.15
60 Days 2 0 0 0 2
601,071.05 0.00 0.00 0.00 601,071.05
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 18 0 0 0 18
3,023,746.20 0.00 0.00 0.00 3,023,746.20
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 0.415261% 0.000000% 0.000000% 0.000000% 0.415261%
0.349695% 0.000000% 0.000000% 0.000000% 0.349695%
60 Days 0.051908% 0.000000% 0.000000% 0.000000% 0.051908%
0.086760% 0.000000% 0.000000% 0.000000% 0.086760%
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 0.467168% 0.000000% 0.000000% 0.000000% 0.467168%
0.436455% 0.000000% 0.000000% 0.000000% 0.436455%
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 2 0 0 0 2
345,525.30 0.00 0.00 0.00 345,525.30
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 2 0 0 0 2
345,525.30 0.00 0.00 0.00 345,525.30
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.181324% 0.000000% 0.000000% 0.000000% 0.181324%
0.187017% 0.000000% 0.000000% 0.000000% 0.187017%
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 0.181324% 0.000000% 0.000000% 0.000000% 0.181324%
0.187017% 0.000000% 0.000000% 0.000000% 0.187017%
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 6 0 0 0 6
809,921.35 0.00 0.00 0.00 809,921.35
60 Days 1 0 0 0 1
125,522.70 0.00 0.00 0.00 125,522.70
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 7 0 0 0 7
935,444.05 0.00 0.00 0.00 935,444.05
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.701754% 0.000000% 0.000000% 0.000000% 0.701754%
0.632916% 0.000000% 0.000000% 0.000000% 0.632916%
60 Days 0.116959% 0.000000% 0.000000% 0.000000% 0.116959%
0.098090% 0.000000% 0.000000% 0.000000% 0.098090%
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 0.818713% 0.000000% 0.000000% 0.000000% 0.818713%
0.731006% 0.000000% 0.000000% 0.000000% 0.731006%
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 2 0 0 0 2
408,724.20 0.00 0.00 0.00 408,724.20
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 2 0 0 0 2
408,724.20 0.00 0.00 0.00 408,724.20
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.331675% 0.000000% 0.000000% 0.000000% 0.331675%
0.429862% 0.000000% 0.000000% 0.000000% 0.429862%
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 0.331675% 0.000000% 0.000000% 0.000000% 0.331675%
0.429862% 0.000000% 0.000000% 0.000000% 0.429862%
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
54,022.71 0.00 0.00 0.00 54,022.71
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
54,022.71 0.00 0.00 0.00 54,022.71
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.362319% 0.000000% 0.000000% 0.000000% 0.362319%
0.338702% 0.000000% 0.000000% 0.000000% 0.338702%
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 0.362319% 0.000000% 0.000000% 0.000000% 0.362319%
0.338702% 0.000000% 0.000000% 0.000000% 0.338702%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 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
499,025.56 0.00 0.00 0.00 499,025.56
60 Days 1 0 0 0 1
475,548.35 0.00 0.00 0.00 475,548.35
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 2 0 0 0 2
974,573.91 0.00 0.00 0.00 974,573.91
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.333333% 0.000000% 0.000000% 0.000000% 0.333333%
0.276281% 0.000000% 0.000000% 0.000000% 0.276281%
60 Days 0.333333% 0.000000% 0.000000% 0.000000% 0.333333%
0.263283% 0.000000% 0.000000% 0.000000% 0.263283%
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 0.666667% 0.000000% 0.000000% 0.000000% 0.666667%
0.539565% 0.000000% 0.000000% 0.000000% 0.539565%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
6 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
7 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 4 0 0 0 4
305,456.03 0.00 0.00 0.00 305,456.03
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 4 0 0 0 4
305,456.03 0.00 0.00 0.00 305,456.03
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.725953% 0.000000% 0.000000% 0.000000% 0.725953%
0.474477% 0.000000% 0.000000% 0.000000% 0.474477%
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 0.725953% 0.000000% 0.000000% 0.000000% 0.725953%
0.474477% 0.000000% 0.000000% 0.000000% 0.474477%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 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.
5 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.
6 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.
7 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 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 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.
5 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.
6 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.
7 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 6.122729%
Weighted Average Pass-Through Rate 5.870229%
Weighted Average Maturity(Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 3,889
Number Of Loans Paid In Full 36
Ending Scheduled Collateral Loan Count 3,853
Beginning Scheduled Collateral Balance 702,730,965.01
Ending Scheduled Collateral Balance 692,065,930.28
Ending Actual Collateral Balance at 31-Aug-2005 692,797,466.65
Monthly P&I Constant 4,519,464.82
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 13,915,786.20
Class AP Deferred Amount (0.28)
Scheduled Principal 933,938.55
Unscheduled Principal 9,731,096.18
Miscellaneous Reporting
Senior % 95.665047%
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 5.945932 6.442524 6.362950
Weighted Average Net Rate 5.695932 6.192524 6.112951
Weighted Average Maturity 356 356 357
Beginning Loan Count 1,103 870 611
Loans Paid In Full 0 15 8
Ending Loan Count 1,103 855 603
Beginning Scheduled Balance 185,027,845.31 130,717,703.07 96,378,854.98
Ending Scheduled Balance 184,609,349.81 127,866,481.61 95,020,898.99
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 1,109,225.72 824,430.33 602,459.90
Scheduled Principal 192,423.27 122,637.00 91,415.02
Unscheduled Principal 226,072.23 2,728,584.46 1,266,540.97
Scheduled Interest 916,802.45 701,793.33 511,044.88
Servicing Fees 38,547.47 27,232.85 20,078.93
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 385.47 272.33 200.79
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 877,869.51 674,288.15 490,765.16
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 5.693431 6.190022 6.110450
Group Level Collateral Statement
Group 4 5 6
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.638263 6.048176 5.424439
Weighted Average Net Rate 6.388260 5.798176 5.174441
Weighted Average Maturity 356 356 176
Beginning Loan Count 278 307 165
Loans Paid In Full 2 7 0
Ending Loan Count 276 300 165
Beginning Scheduled Balance 16,090,630.48 185,113,931.40 24,070,540.12
Ending scheduled Balance 15,938,651.27 180,469,925.51 23,973,712.09
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 103,528.17 1,122,519.12 199,084.31
Scheduled Principal 14,516.64 189,517.70 90,276.67
Unscheduled Principal 137,462.57 4,454,488.19 6,551.36
Scheduled Interest 89,011.53 933,001.42 108,807.64
Servicing Fees 3,352.21 38,565.40 5,014.70
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 33.52 385.65 50.15
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 85,625.80 894,050.37 103,742.79
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.385763 5.795675 5.171937
Group Level Collateral Statement
Group 7 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.970753 6.122729
Weighted Average Net Rate 5.720753 5.872729
Weighted Average Maturity 177.00 1.00
Record Date 08/31/2005 08/31/2005
Principal And Interest Constant 558,217.27 4,519,464.82
Beginning Loan Count 555 3,889
Loans Paid In Full 4 36
Ending Loan Count 551 3,853
Beginning Scheduled Balance 65,331,459.65 702,730,965.01
Ending Scheduled Balance 64,186,911.00 692,065,930.28
Scheduled Principal 233,152.25 933,938.55
Unscheduled Principal 911,396.40 9,731,096.18
Scheduled Interest 325,065.02 3,585,526.27
Servicing Fee 13,610.72 146,402.28
Master Servicing Fee 0.00 0.00
Trustee Fee 136.11 1,464.02
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 311,318.19 3,437,659.97
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 5.718255 5.870229
Miscellaneous Reporting
Group 1
CPR 1.457887%
Subordinate % 4.287535%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.712465%
Group 2
CPR 22.382554%
Subordinate % 4.403885%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.596115%
Group 3
CPR 14.691179%
Subordinate % 4.297230%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.702770%
Miscellaneous Reporting
Group 4
CPR 9.791814%
Subordinate % 4.384435%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.615565%
Group 5
CPR 25.367659%
Subordinate % 4.355616%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.644384%
Group 6
CPR 0.327345%
Subordinate % 4.378986%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.621014%
Miscellaneous Reporting
Group 7
CPR 15.565226%
Subordinate % 4.300129%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.699871%
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 0 0.00 0.00 0 0.00 0.00
2 15 2,727,861.00 2,721,488.86 0 0.00 0.00
3 8 1,257,700.00 1,252,738.78 0 0.00 0.00
4 2 135,920.00 135,546.59 0 0.00 0.00
5 7 4,352,075.00 4,339,884.44 0 0.00 0.00
6 0 0.00 0.00 0 0.00 0.00
7 4 899,608.00 889,083.73 0 0.00 0.00
Total 36 9,373,164.00 9,338,742.40 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1 0 0.00 0.00 0 0.00 0.00 226,072.23
2 0 0.00 0.00 0 0.00 0.00 9,623.08
3 0 0.00 0.00 0 0.00 0.00 15,114.46
4 0 0.00 0.00 0 0.00 0.00 2,046.94
5 0 0.00 0.00 0 0.00 0.00 118,710.16
6 0 0.00 0.00 0 0.00 0.00 6,551.36
7 0 0.00 0.00 0 0.00 0.00 25,506.08
Total 0 0.00 0.00 0 0.00 0.00 403,624.31
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>
2 6180147305 FL 52.57 01-May-2005 93,903.00 93,484.12
2 6230354042 MO 80.00 01-Jul-2005 60,000.00 59,828.29
2 6454888733 NY 89.05 01-Jul-2005 236,000.00 235,340.74
2 6467489966 FL 70.00 01-Jul-2005 115,500.00 115,199.97
2 6498804415 FL 80.00 01-Jun-2005 188,800.00 188,205.51
2 6598571716 FL 79.99 01-Jun-2005 307,960.00 306,782.00
2 6607457469 IL 90.00 01-Jun-2005 102,600.00 102,165.68
2 6616754047 FL 80.00 01-Jun-2005 335,898.00 334,702.70
2 6710282499 OR 80.00 01-Jun-2005 312,000.00 311,041.57
2 6720720439 WA 90.00 01-Jul-2005 211,500.00 210,937.10
2 6771549794 VA 80.00 01-Jul-2005 222,400.00 221,778.75
2 6859371889 FL 90.00 01-Jun-2005 90,000.00 89,687.41
2 6867168277 RI 80.00 01-Jul-2005 104,000.00 103,514.76
2 6943753944 CA 54.73 01-Jul-2005 260,000.00 259,324.63
2 6943835238 NM 90.00 01-Jun-2005 87,300.00 86,968.15
3 6040115997 KS 62.80 01-Jul-2005 157,000.00 156,621.10
3 6053939044 MT 80.93 01-Jul-2005 129,500.00 128,760.50
3 6184439443 MA 80.00 01-Jun-2005 240,000.00 237,138.09
3 6189419432 MA 79.42 01-Jun-2005 220,000.00 219,340.73
3 6321343037 VT 80.00 01-Jun-2005 99,200.00 98,820.52
3 6533727100 AZ 80.00 01-Jul-2005 100,000.00 99,727.32
3 6734566448 WI 66.97 01-Jun-2005 144,000.00 143,487.57
3 6764679483 IL 80.00 01-Jul-2005 168,000.00 167,530.68
4 3301984708 FL 80.00 01-Jun-2005 55,920.00 55,680.27
4 6792596659 AZ 64.00 01-Jun-2005 80,000.00 79,735.36
5 6117171295 IL 80.00 01-Jun-2005 388,000.00 386,619.30
5 6267807912 CA 80.00 01-Jun-2005 466,400.00 464,658.27
5 6454595874 NY 74.96 01-May-2005 506,000.00 503,849.99
5 6724406761 CA 61.22 01-Jun-2005 1,500,000.00 1,494,123.56
5 6733627654 CA 58.53 01-Jun-2005 600,000.00 597,592.78
5 6777187912 CA 58.37 01-Jun-2005 370,675.00 369,222.80
5 6809056010 MA 74.96 01-Jul-2005 521,000.00 519,711.33
7 3301830505 CA 52.63 01-Jun-2005 205,286.00 202,362.56
7 6589305520 AZ 63.45 01-May-2005 300,000.00 294,735.66
7 6786038726 OH 74.88 01-Jun-2005 69,322.00 68,391.22
7 6812008545 TX 68.42 01-Jun-2005 325,000.00 320,400.88
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>
2 6180147305 Loan Paid in Full 0 6.625% 360 4
2 6230354042 Loan Paid in Full 0 6.250% 360 2
2 6454888733 Loan Paid in Full 0 6.375% 360 2
2 6467489966 Loan Paid in Full 0 6.750% 360 2
2 6498804415 Loan Paid in Full 0 7.250% 360 3
2 6598571716 Loan Paid in Full 0 6.250% 360 3
2 6607457469 Loan Paid in Full 0 6.250% 360 3
2 6616754047 Loan Paid in Full 0 6.625% 360 3
2 6710282499 Loan Paid in Full 0 7.375% 360 3
2 6720720439 Loan Paid in Full 0 6.625% 360 2
2 6771549794 Loan Paid in Full 0 6.375% 360 2
2 6859371889 Loan Paid in Full 0 6.750% 360 3
2 6867168277 Loan Paid in Full 0 6.500% 360 2
2 6943753944 Loan Paid in Full 0 6.750% 360 2
2 6943835238 Loan Paid in Full 0 6.750% 360 3
3 6040115997 Loan Paid in Full 0 7.125% 360 2
3 6053939044 Loan Paid in Full 0 6.250% 360 2
3 6184439443 Loan Paid in Full 0 6.375% 360 3
3 6189419432 Loan Paid in Full 0 7.500% 360 3
3 6321343037 Loan Paid in Full 0 6.250% 360 3
3 6533727100 Loan Paid in Full 0 6.500% 360 2
3 6734566448 Loan Paid in Full 0 6.625% 360 3
3 6764679483 Loan Paid in Full 0 6.375% 360 2
4 3301984708 Loan Paid in Full 0 6.750% 360 3
4 6792596659 Loan Paid in Full 0 7.000% 360 3
5 6117171295 Loan Paid in Full (1) 6.625% 360 3
5 6267807912 Loan Paid in Full 0 6.375% 360 3
5 6454595874 Loan Paid in Full 0 6.875% 360 4
5 6724406761 Loan Paid in Full 0 6.125% 360 3
5 6733627654 Loan Paid in Full 0 6.000% 360 3
5 6777187912 Loan Paid in Full 0 6.125% 360 3
5 6809056010 Loan Paid in Full 0 7.000% 360 2
7 3301830505 Loan Paid in Full 0 5.750% 180 3
7 6589305520 Loan Paid in Full 0 5.875% 180 4
7 6786038726 Loan Paid in Full 0 6.375% 180 3
7 6812008545 Loan Paid in Full 0 5.750% 180 3
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.387% Current Month 15.427% Current Month 2,560.183%
3 Month Average 1.052% 3 Month Average 11.862% 3 Month Average 3,128.611%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 7.396% N/A Jul-2005 3,652.099% N/A
Aug-2005 12.763% N/A Aug-2005 3,173.550% N/A
Sep-2005 15.427% N/A Sep-2005 2,560.183% 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 0.122% Current Month 1.458% Current Month 257.034%
3 Month Average 0.249% 3 Month Average 2.928% 3 Month Average 883.598%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 1.233% N/A Jul-2005 734.290% N/A
Aug-2005 6.094% N/A Aug-2005 1,659.469% N/A
Sep-2005 1.458% N/A Sep-2005 257.034% 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 2.089% Current Month 22.383% Current Month 4,118.263%
3 Month Average 1.862% 3 Month Average 20.068% 3 Month Average 6,854.666%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 13.479% N/A Jul-2005 9,348.693% N/A
Aug-2005 24.341% N/A Aug-2005 7,097.042% N/A
Sep-2005 22.383% N/A Sep-2005 4,118.263% 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 1.315% Current Month 14.691% Current Month 2,699.639%
3 Month Average 0.794% 3 Month Average 9.037% 3 Month Average 2,779.877%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 5.031% N/A Jul-2005 3,490.451% N/A
Aug-2005 7.390% N/A Aug-2005 2,149.542% N/A
Sep-2005 14.691% N/A Sep-2005 2,699.639% 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 0.855% Current Month 9.792% Current Month 1,781.566%
3 Month Average 0.596% 3 Month Average 6.902% 3 Month Average 2,383.462%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 5.927% N/A Jul-2005 3,944.125% N/A
Aug-2005 4.987% N/A Aug-2005 1,424.695% N/A
Sep-2005 9.792% N/A Sep-2005 1,781.566% 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.
5
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.409% Current Month 25.368% Current Month 3,577.991%
3 Month Average 1.548% 3 Month Average 16.806% 3 Month Average 3,203.021%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 8.371% N/A Jul-2005 2,736.933% N/A
Aug-2005 16.680% N/A Aug-2005 3,294.138% N/A
Sep-2005 25.368% N/A Sep-2005 3,577.991% 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.
6
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.027% Current Month 0.327% Current Month 48.495%
3 Month Average 0.824% 3 Month Average 9.256% 3 Month Average 2,652.721%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 13.696% N/A Jul-2005 5,016.048% N/A
Aug-2005 13.744% N/A Aug-2005 2,893.619% N/A
Sep-2005 0.327% N/A Sep-2005 48.495% 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.
7
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.400% Current Month 15.565% Current Month 2,614.382%
3 Month Average 0.844% 3 Month Average 9.537% 3 Month Average 2,818.078%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 9.921% N/A Jul-2005 5,051.546% N/A
Aug-2005 3.124% N/A Aug-2005 788.307% N/A
Sep-2005 15.565% N/A Sep-2005 2,614.382% 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%
5 0 0.00 0.00 0.000%
6 0 0.00 0.00 0.000%
7 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
5
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
6
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
7
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>