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 2005-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-28
Pooling and Servicing Agreement) (Commission 54-2179613
(State or other File Number) 54-2179614
jurisdiction 54-2179615
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 2005-7
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 2005-7 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 2005-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 9/29/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-7 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 2005-7
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>
CB1 05948KH36 SEN 5.50000% 19,277,000.00 88,352.92
CB2 05948KH44 SEN 5.00000% 122,940,322.80 512,251.35
CB3 05948KH51 SEN 3.94125% 30,735,080.70 100,945.53
CB4IO 05948KH69 SEN 3.55875% 0.00 91,148.72
CB5 05948KH77 SEN 5.50000% 11,087,000.00 50,815.42
CBR 05948KH85 SEN 5.50000% 0.00 0.06
2CB1 05948KH93 SEN 6.00000% 103,032,651.39 515,163.26
3CB1 05948KJ26 SEN 6.00000% 70,086,713.05 350,433.57
CBIO 05948KJ34 SEN 5.50000% 0.00 55,481.45
CBPO 05948KJ42 PO 0.00000% 735,472.55 0.00
B1 05948KJ59 SUB 5.74287% 5,992,161.29 28,676.85
B2 05948KJ67 SUB 5.74287% 2,808,263.65 13,439.58
B3 05948KJ75 SUB 5.74287% 2,246,810.73 10,752.62
B4 05948KJ83 SUB 5.74287% 1,310,722.84 6,272.76
B5 05948KJ91 SUB 5.74287% 1,310,722.84 6,272.76
B6 05948KK24 SUB 5.74287% 936,471.51 4,481.70
RL BAA0505RL SEN 0.00000% 0.00 0.00
RM BAA0505RM SEN 0.00000% 0.00 0.00
Totals 372,499,393.35 1,834,488.55
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB1 0.00 0.00 19,277,000.00 88,352.92 0.00
CB2 693,818.02 0.00 122,246,504.79 1,206,069.37 0.00
CB3 173,454.50 0.00 30,561,626.20 274,400.03 0.00
CB4IO 0.00 0.00 0.00 91,148.72 0.00
CB5 0.00 0.00 11,087,000.00 50,815.42 0.00
CBR 0.00 0.00 0.00 0.06 0.00
2CB1 2,688,268.21 0.00 100,344,383.18 3,203,431.47 0.00
3CB1 986,215.19 0.00 69,100,497.86 1,336,648.76 0.00
CBIO 0.00 0.00 0.00 55,481.45 0.00
CBPO 1,738.44 0.00 733,734.11 1,738.44 0.00
B1 5,873.62 0.00 5,986,287.67 34,550.47 0.00
B2 2,752.71 0.00 2,805,510.94 16,192.29 0.00
B3 2,202.36 0.00 2,244,608.36 12,954.98 0.00
B4 1,284.79 0.00 1,309,438.05 7,557.55 0.00
B5 1,284.79 0.00 1,309,438.05 7,557.55 0.00
B6 917.95 0.00 935,553.56 5,399.65 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 4,557,810.58 0.00 367,941,582.77 6,392,299.13 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>
CB1 19,277,000.00 19,277,000.00 0.00 0.00 0.00 0.00
CB2 123,372,000.00 122,940,322.80 150,944.24 542,873.78 0.00 0.00
CB3 30,843,000.00 30,735,080.70 37,736.06 135,718.45 0.00 0.00
CB4IO 0.00 0.00 0.00 0.00 0.00 0.00
CB5 11,087,000.00 11,087,000.00 0.00 0.00 0.00 0.00
CBR 100.00 0.00 0.00 0.00 0.00 0.00
2CB1 103,936,000.00 103,032,651.39 95,245.70 2,593,022.51 0.00 0.00
3CB1 70,951,000.00 70,086,713.05 66,198.03 920,017.16 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
CBPO 744,414.00 735,472.55 821.22 917.22 0.00 0.00
B1 5,998,000.00 5,992,161.29 5,873.62 0.00 0.00 0.00
B2 2,811,000.00 2,808,263.65 2,752.71 0.00 0.00 0.00
B3 2,249,000.00 2,246,810.73 2,202.36 0.00 0.00 0.00
B4 1,312,000.00 1,310,722.84 1,284.79 0.00 0.00 0.00
B5 1,312,000.00 1,310,722.84 1,284.79 0.00 0.00 0.00
B6 937,384.00 936,471.51 917.95 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 374,829,898.00 372,499,393.35 365,261.47 4,192,549.12 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>
CB1 0.00 19,277,000.00 1.00000000 0.00
CB2 693,818.02 122,246,504.79 0.99087722 693,818.02
CB3 173,454.50 30,561,626.20 0.99087722 173,454.50
CB4IO 0.00 0.00 0.00000000 0.00
CB5 0.00 11,087,000.00 1.00000000 0.00
CBR 0.00 0.00 0.00000000 0.00
2CB1 2,688,268.21 100,344,383.18 0.96544396 2,688,268.21
3CB1 986,215.19 69,100,497.86 0.97391859 986,215.19
CBIO 0.00 0.00 0.00000000 0.00
CBPO 1,738.44 733,734.11 0.98565329 1,738.44
B1 5,873.62 5,986,287.67 0.99804729 5,873.62
B2 2,752.71 2,805,510.94 0.99804729 2,752.71
B3 2,202.36 2,244,608.36 0.99804729 2,202.36
B4 1,284.79 1,309,438.05 0.99804729 1,284.79
B5 1,284.79 1,309,438.05 0.99804729 1,284.79
B6 917.95 935,553.56 0.99804729 917.95
RL 0.00 0.00 0.00000000 0.00
RM 0.00 0.00 0.00000000 0.00
Totals 4,557,810.58 367,941,582.77 0.98162282 4,557,810.58
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>
CB1 19,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB2 123,372,000.00 996.50101157 1.22348864 4.40029974 0.00000000
CB3 30,843,000.00 996.50101157 1.22348864 4.40029991 0.00000000
CB4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB5 11,087,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 103,936,000.00 991.30860712 0.91638797 24.94826153 0.00000000
3CB1 70,951,000.00 987.81853744 0.93301053 12.96693718 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CBPO 744,414.00 987.98860580 1.10317646 1.23213696 0.00000000
B1 5,998,000.00 999.02655719 0.97926309 0.00000000 0.00000000
B2 2,811,000.00 999.02655639 0.97926361 0.00000000 0.00000000
B3 2,249,000.00 999.02655847 0.97926189 0.00000000 0.00000000
B4 1,312,000.00 999.02655488 0.97926067 0.00000000 0.00000000
B5 1,312,000.00 999.02655488 0.97926067 0.00000000 0.00000000
B6 937,384.00 999.02655689 0.97926783 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>
CB1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB2 0.00000000 5.62378838 990.87722328 0.99087722 5.62378838
CB3 0.00000000 5.62378822 990.87722336 0.99087722 5.62378822
CB4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 0.00000000 25.86464950 965.44395763 0.96544396 25.86464950
3CB1 0.00000000 13.89994771 973.91858973 0.97391859 13.89994771
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CBPO 0.00000000 2.33531341 985.65329239 0.98565329 2.33531341
B1 0.00000000 0.97926309 998.04729410 0.99804729 0.97926309
B2 0.00000000 0.97926361 998.04729278 0.99804729 0.97926361
B3 0.00000000 0.97926189 998.04729213 0.99804729 0.97926189
B4 0.00000000 0.97926067 998.04729421 0.99804729 0.97926067
B5 0.00000000 0.97926067 998.04729421 0.99804729 0.97926067
B6 0.00000000 0.97926783 998.04728905 0.99804729 0.97926783
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>
CB1 19,277,000.00 5.50000% 19,277,000.00 88,352.92 0.00 0.00
CB2 123,372,000.00 5.00000% 122,940,322.80 512,251.35 0.00 0.00
CB3 30,843,000.00 3.94125% 30,735,080.70 100,945.53 0.00 0.00
CB4IO 0.00 3.55875% 30,735,080.70 91,148.72 0.00 0.00
CB5 11,087,000.00 5.50000% 11,087,000.00 50,815.42 0.00 0.00
CBR 100.00 5.50000% 0.00 0.00 0.00 0.00
2CB1 103,936,000.00 6.00000% 103,032,651.39 515,163.26 0.00 0.00
3CB1 70,951,000.00 6.00000% 70,086,713.05 350,433.57 0.00 0.00
CBIO 0.00 5.50000% 12,105,042.95 55,481.45 0.00 0.00
CBPO 744,414.00 0.00000% 735,472.55 0.00 0.00 0.00
B1 5,998,000.00 5.74287% 5,992,161.29 28,676.85 0.00 0.00
B2 2,811,000.00 5.74287% 2,808,263.65 13,439.58 0.00 0.00
B3 2,249,000.00 5.74287% 2,246,810.73 10,752.62 0.00 0.00
B4 1,312,000.00 5.74287% 1,310,722.84 6,272.76 0.00 0.00
B5 1,312,000.00 5.74287% 1,310,722.84 6,272.76 0.00 0.00
B6 937,384.00 5.74287% 936,471.51 4,481.70 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 374,829,898.00 1,834,488.49 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>
CB1 0.00 0.00 88,352.92 0.00 19,277,000.00
CB2 0.00 0.00 512,251.35 0.00 122,246,504.79
CB3 0.00 0.00 100,945.53 0.00 30,561,626.20
CB4IO 0.00 0.00 91,148.72 0.00 30,561,626.20
CB5 0.00 0.00 50,815.42 0.00 11,087,000.00
CBR 0.00 0.00 0.06 0.00 0.00
2CB1 0.00 0.00 515,163.26 0.00 100,344,383.18
3CB1 0.00 0.00 350,433.57 0.00 69,100,497.86
CBIO 0.00 0.00 55,481.45 0.00 11,859,478.58
CBPO 0.00 0.00 0.00 0.00 733,734.11
B1 0.00 0.00 28,676.85 0.00 5,986,287.67
B2 0.00 0.00 13,439.58 0.00 2,805,510.94
B3 0.00 0.00 10,752.62 0.00 2,244,608.36
B4 0.00 0.00 6,272.76 0.00 1,309,438.05
B5 0.00 0.00 6,272.76 0.00 1,309,438.05
B6 0.00 0.00 4,481.70 0.00 935,553.56
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 1,834,488.55 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>
CB1 19,277,000.00 5.50000% 1000.00000000 4.58333351 0.00000000 0.00000000
CB2 123,372,000.00 5.00000% 996.50101157 4.15208759 0.00000000 0.00000000
CB3 30,843,000.00 3.94125% 996.50101157 3.27288299 0.00000000 0.00000000
CB4IO 0.00 3.55875% 996.50101157 2.95524819 0.00000000 0.00000000
CB5 11,087,000.00 5.50000% 1000.00000000 4.58333363 0.00000000 0.00000000
CBR 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 103,936,000.00 6.00000% 991.30860712 4.95654306 0.00000000 0.00000000
3CB1 70,951,000.00 6.00000% 987.81853744 4.93909275 0.00000000 0.00000000
CBIO 0.00 5.50000% 990.87659648 4.54151799 0.00000000 0.00000000
CBPO 744,414.00 0.00000% 987.98860580 0.00000000 0.00000000 0.00000000
B1 5,998,000.00 5.74287% 999.02655719 4.78106869 0.00000000 0.00000000
B2 2,811,000.00 5.74287% 999.02655639 4.78106724 0.00000000 0.00000000
B3 2,249,000.00 5.74287% 999.02655847 4.78106714 0.00000000 0.00000000
B4 1,312,000.00 5.74287% 999.02655488 4.78106707 0.00000000 0.00000000
B5 1,312,000.00 5.74287% 999.02655488 4.78106707 0.00000000 0.00000000
B6 937,384.00 5.74287% 999.02655689 4.78107158 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>
CB1 0.00000000 0.00000000 4.58333351 0.00000000 1000.00000000
CB2 0.00000000 0.00000000 4.15208759 0.00000000 990.87722328
CB3 0.00000000 0.00000000 3.27288299 0.00000000 990.87722336
CB4IO 0.00000000 0.00000000 2.95524819 0.00000000 990.87722336
CB5 0.00000000 0.00000000 4.58333363 0.00000000 1000.00000000
CBR 0.00000000 0.00000000 0.60000000 0.00000000 0.00000000
2CB1 0.00000000 0.00000000 4.95654306 0.00000000 965.44395763
3CB1 0.00000000 0.00000000 4.93909275 0.00000000 973.91858973
CBIO 0.00000000 0.00000000 4.54151799 0.00000000 970.77555362
CBPO 0.00000000 0.00000000 0.00000000 0.00000000 985.65329239
B1 0.00000000 0.00000000 4.78106869 0.00000000 998.04729410
B2 0.00000000 0.00000000 4.78106724 0.00000000 998.04729278
B3 0.00000000 0.00000000 4.78106714 0.00000000 998.04729213
B4 0.00000000 0.00000000 4.78106707 0.00000000 998.04729421
B5 0.00000000 0.00000000 4.78106707 0.00000000 998.04729421
B6 0.00000000 0.00000000 4.78107158 0.00000000 998.04728905
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% 6,759,095.89 6,718,172.50 0.00 0.00 99.22800438%
2CBIO 5.50000% 3,906,328.92 3,710,858.41 0.00 0.00 93.25407339%
3CBIO 5.50000% 1,439,618.14 1,430,447.67 0.00 0.00 97.52431686%
1CBPO 0.00000% 0.00 0.00 662,349.01 661,584.11 98.65407763%
2CBPO 0.00000% 0.00 0.00 30,955.12 30,757.47 98.57215652%
3CBPO 0.00000% 0.00 0.00 42,168.43 41,392.53 97.16328255%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,472,161.81
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 6,472,161.81
Withdrawals
Reimbursement for Servicer Advances 240.94
Payment of Service Fee 79,621.74
Payment of Interest and Principal 6,392,299.13
Total Withdrawals (Pool Distribution Amount) 6,472,161.81
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 77,604.04
Wells Fargo Bank, N.A. 2,017.70
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 79,621.74
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 18 0 0 0 18
2,945,510.20 0.00 0.00 0.00 2,945,510.20
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 18 0 0 0 18
2,945,510.20 0.00 0.00 0.00 2,945,510.20
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 0.721443% 0.000000% 0.000000% 0.000000% 0.721443%
0.799944% 0.000000% 0.000000% 0.000000% 0.799944%
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 0.721443% 0.000000% 0.000000% 0.000000% 0.721443%
0.799944% 0.000000% 0.000000% 0.000000% 0.799944%
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
776,420.77 0.00 0.00 0.00 776,420.77
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 5 0 0 0 5
776,420.77 0.00 0.00 0.00 776,420.77
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.416320% 0.000000% 0.000000% 0.000000% 0.416320%
0.405480% 0.000000% 0.000000% 0.000000% 0.405480%
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 0.416320% 0.000000% 0.000000% 0.000000% 0.416320%
0.405480% 0.000000% 0.000000% 0.000000% 0.405480%
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 9 0 0 0 9
1,521,845.48 0.00 0.00 0.00 1,521,845.48
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 9 0 0 0 9
1,521,845.48 0.00 0.00 0.00 1,521,845.48
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.079137% 0.000000% 0.000000% 0.000000% 1.079137%
1.453990% 0.000000% 0.000000% 0.000000% 1.453990%
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 1.079137% 0.000000% 0.000000% 0.000000% 1.079137%
1.453990% 0.000000% 0.000000% 0.000000% 1.453990%
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 4 0 0 0 4
647,243.95 0.00 0.00 0.00 647,243.95
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
647,243.95 0.00 0.00 0.00 647,243.95
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.869565% 0.000000% 0.000000% 0.000000% 0.869565%
0.898132% 0.000000% 0.000000% 0.000000% 0.898132%
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 0.869565% 0.000000% 0.000000% 0.000000% 0.869565%
0.898132% 0.000000% 0.000000% 0.000000% 0.898132%
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.
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.
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 6.166272%
Weighted Average Pass-Through Rate 5.909772%
Weighted Average Maturity(Stepdown Calculation) 283
Beginning Scheduled Collateral Loan Count 2,517
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 2,495
Beginning Scheduled Collateral Balance 372,499,394.00
Ending Scheduled Collateral Balance 367,941,583.41
Ending Actual Collateral Balance at 31-Aug-2005 368,214,532.34
Monthly P&I Constant 2,279,371.84
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 6,304,609.71
Class AP Deferred Amount 0.00
Scheduled Principal 365,261.47
Unscheduled Principal 4,192,549.12
Miscellaneous Reporting
Senior % 96.071390%
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 5.930954 6.455040 6.361487
Weighted Average Net Rate 5.680954 6.205040 6.111488
Weighted Average Maturity 354 177 319
Beginning Loan Count 1,203 849 465
Loans Paid In Full 2 15 5
Ending Loan Count 1,201 834 460
Beginning Scheduled Balance 192,212,534.87 107,279,007.14 73,007,851.99
Ending Scheduled Balance 191,336,797.27 104,586,644.47 72,018,141.67
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 1,147,134.53 676,247.51 455,989.80
Scheduled Principal 197,131.51 99,172.24 68,957.72
Unscheduled Principal 678,606.09 2,593,190.43 920,752.60
Scheduled Interest 950,003.02 577,075.27 387,032.08
Servicing Fees 40,044.28 22,349.79 15,209.97
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,041.15 581.09 395.46
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 908,917.59 554,144.39 371,426.65
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 5.674454 6.198541 6.104988
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.166272
Weighted Average Net Rate 5.916272
Weighted Average Maturity 283
Beginning Loan Count 2,517
Loans Paid In Full 22
Ending Loan Count 2,495
Beginning Scheduled Balance 372,499,394.00
Ending scheduled Balance 367,941,583.41
Record Date 08/31/2005
Principal And Interest Constant 2,279,371.84
Scheduled Principal 365,261.47
Unscheduled Principal 4,192,549.12
Scheduled Interest 1,914,110.37
Servicing Fees 77,604.04
Master Servicing Fees 0.00
Trustee Fee 2,017.70
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,834,488.63
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.909772
Miscellaneous Reporting
Group 1
CPR 4.159477%
Subordinate % 3.921052%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.078948%
Group 2
CPR 25.465430%
Subordinate % 3.930515%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.069485%
Group 3
CPR 14.139616%
Subordinate % 3.945649%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.054351%
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 2 525,610.00 524,560.86 0 0.00 0.00
2 15 2,592,160.00 2,588,605.49 0 0.00 0.00
3 5 877,800.00 876,329.00 0 0.00 0.00
Total 22 3,995,570.00 3,989,495.35 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 0.00 154,573.74
2 0 0.00 0.00 0 0.00 0.00 256,068.26
3 0 0.00 0.00 0 0.00 0.00 45,256.28
Total 0 0.00 0.00 0 0.00 0.00 455,898.28
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 6695361136 WI 90.00 01-Jul-2005 165,960.00 165,461.85
1 6772988744 VA 68.50 01-Jul-2005 359,650.00 358,570.50
2 3301993980 GA 72.37 01-Jul-2005 82,400.00 82,185.95
2 3302018902 CA 53.25 01-Jul-2005 140,000.00 139,608.92
2 3302174853 AR 80.00 01-Jul-2005 86,000.00 85,765.49
2 3302277516 VA 90.00 01-Aug-2005 346,500.00 96,681.59
2 6111169451 VA 65.56 01-Jul-2005 297,000.00 296,247.15
2 6170247834 FL 90.00 01-Jul-2005 143,910.00 143,517.59
2 6288528638 NM 90.00 01-Jul-2005 184,500.00 183,984.60
2 6367002000 FL 80.00 01-Jul-2005 52,000.00 51,864.90
2 6424481437 FL 80.00 01-Jul-2005 179,863.00 179,395.80
2 6432109921 DE 90.00 01-Aug-2005 157,500.00 157,207.46
2 6507409487 MO 37.47 01-Jul-2005 19,672.00 19,617.04
2 6595426526 DC 90.00 01-Jul-2005 298,710.00 298,023.90
2 6644931427 NC 80.00 01-Aug-2005 300,000.00 299,481.95
2 6675854506 FL 89.99 01-Aug-2005 154,105.00 153,811.78
2 6747005210 TX 80.00 01-Aug-2005 150,000.00 149,728.05
3 6104379836 IN 80.00 01-Jul-2005 191,200.00 190,652.88
3 6318125116 NJ 80.00 01-Jul-2005 448,000.00 446,718.08
3 6745664752 GA 80.00 01-Aug-2005 123,600.00 123,370.43
3 6841395780 TX 100.00 01-Aug-2005 75,000.00 74,864.01
3 6852382560 TX 80.00 01-Jul-2005 40,000.00 39,890.92
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 6695361136 Loan Paid in Full 0 6.000% 360 2
1 6772988744 Loan Paid in Full 0 6.000% 360 2
2 3301993980 Loan Paid in Full 0 6.750% 360 2
2 3302018902 Loan Paid in Full 0 6.375% 360 2
2 3302174853 Loan Paid in Full (1) 6.500% 360 2
2 3302277516 Loan Paid in Full 0 6.500% 360 1
2 6111169451 Loan Paid in Full 0 6.875% 360 2
2 6170247834 Loan Paid in Full 0 6.500% 360 2
2 6288528638 Loan Paid in Full 0 6.375% 360 2
2 6367002000 Loan Paid in Full (1) 6.750% 360 2
2 6424481437 Loan Paid in Full 0 6.750% 360 2
2 6432109921 Loan Paid in Full 0 6.375% 360 1
2 6507409487 Loan Paid in Full (1) 6.375% 360 2
2 6595426526 Loan Paid in Full 0 7.375% 360 2
2 6644931427 Loan Paid in Full 0 6.750% 360 1
2 6675854506 Loan Paid in Full 0 6.250% 360 1
2 6747005210 Loan Paid in Full 0 6.500% 360 1
3 6104379836 Loan Paid in Full 0 6.250% 360 2
3 6318125116 Loan Paid in Full 0 6.250% 360 2
3 6745664752 Loan Paid in Full 0 6.375% 360 1
3 6841395780 Loan Paid in Full (2) 6.500% 360 1
3 6852382560 Loan Paid in Full 0 6.500% 360 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.127% Current Month 12.712% Current Month 4,063.940%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jul-2005 N/A N/A
Aug-2005 6.120% N/A Aug-2005 5,412.666% N/A
Sep-2005 12.712% N/A Sep-2005 4,063.940% 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 0.353% Current Month 4.159% Current Month 1,368.254%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jul-2005 N/A N/A
Aug-2005 2.216% N/A Aug-2005 2,123.953% N/A
Sep-2005 4.159% N/A Sep-2005 1,368.254% 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 2.419% Current Month 25.465% Current Month 8,065.010%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jul-2005 N/A N/A
Aug-2005 8.612% N/A Aug-2005 7,441.936% N/A
Sep-2005 25.465% N/A Sep-2005 8,065.010% 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 1.262% Current Month 14.140% Current Month 4,259.570%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jul-2005 N/A N/A
Aug-2005 12.232% N/A Aug-2005 9,255.175% N/A
Sep-2005 14.140% N/A Sep-2005 4,259.570% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<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%
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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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 N/A N/A Jul-2005 N/A 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>