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
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-HE2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-119047-07
Pooling and Servicing Agreement) (Commission 54-2169417
(State or other File Number) 54-2169418
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On September 26, 2005 a distribution was made to holders of ACE SECURITIES
CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-HE2 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Pass-Through Certificates,
Series 2005-HE2 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.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-HE2 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 9/27/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-HE2 Trust,
relating to the September 26, 2005 distribution.
EX-99.1
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Record Date: 8/31/2005
Distribution Date: 9/26/2005
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Series ACE 2005-HE2
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>
A-1 004421LY7 SEN 3.86125% 588,179,652.22 2,018,763.27
A-2A 004421LZ4 SEN 3.73125% 110,790,741.73 367,455.96
A-2B 004421MA8 SEN 3.84125% 69,647,000.00 237,805.81
A-2C 004421MB6 SEN 3.95125% 39,120,000.00 137,398.13
M-1 004421MC4 MEZ 4.08125% 70,729,000.00 256,589.09
M-2 004421MD2 MEZ 4.09125% 39,023,000.00 141,913.64
M-3 004421ME0 MEZ 4.12125% 23,780,000.00 87,114.07
M-4 004421MF7 MEZ 4.28125% 21,341,000.00 81,214.36
M-5 004421MG5 MEZ 4.32125% 20,731,000.00 79,630.07
M-6 004421MH3 MEZ 4.39125% 18,292,000.00 71,399.77
M-7 004421MJ9 MEZ 4.87125% 15,243,000.00 66,002.19
M-8 004421MK6 MEZ 5.01125% 15,243,000.00 67,899.10
M-9 004421ML4 MEZ 5.62125% 12,195,000.00 60,934.35
M-10 004421MM2 MEZ 6.89125% 12,195,000.00 74,701.15
B-1 004421MN0 SUB 6.89125% 16,463,000.00 100,845.02
B-2 004421MP5 SUB 6.89125% 7,317,000.00 44,820.69
CE ACE05H2CE SUB 0.00000% 7,316,781.97 2,052,622.81
P ACE05HE2P SEN 0.00000% 100.00 800,025.79
R ACE05H2R1 SUB 0.00000% 0.00 0.00
Totals 1,087,606,275.92 6,747,135.27
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 30,872,081.33 0.00 557,307,570.89 32,890,844.60 0.00
A-2A 11,135,319.06 0.00 99,655,422.67 11,502,775.02 0.00
A-2B 0.00 0.00 69,647,000.00 237,805.81 0.00
A-2C 0.00 0.00 39,120,000.00 137,398.13 0.00
M-1 0.00 0.00 70,729,000.00 256,589.09 0.00
M-2 0.00 0.00 39,023,000.00 141,913.64 0.00
M-3 0.00 0.00 23,780,000.00 87,114.07 0.00
M-4 0.00 0.00 21,341,000.00 81,214.36 0.00
M-5 0.00 0.00 20,731,000.00 79,630.07 0.00
M-6 0.00 0.00 18,292,000.00 71,399.77 0.00
M-7 0.00 0.00 15,243,000.00 66,002.19 0.00
M-8 0.00 0.00 15,243,000.00 67,899.10 0.00
M-9 0.00 0.00 12,195,000.00 60,934.35 0.00
M-10 0.00 0.00 12,195,000.00 74,701.15 0.00
B-1 0.00 0.00 16,463,000.00 100,845.02 0.00
B-2 0.00 0.00 7,317,000.00 44,820.69 0.00
CE 0.00 0.00 7,316,781.97 2,052,622.81 0.00
P 0.00 0.00 100.00 800,025.79 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 42,007,400.39 0.00 1,045,598,875.53 48,754,535.66 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</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>
A-1 680,337,000.00 588,179,652.22 0.00 30,872,081.33 0.00 0.00
A-2A 150,490,000.00 110,790,741.73 0.00 11,135,319.06 0.00 0.00
A-2B 69,647,000.00 69,647,000.00 0.00 0.00 0.00 0.00
A-2C 39,120,000.00 39,120,000.00 0.00 0.00 0.00 0.00
M-1 70,729,000.00 70,729,000.00 0.00 0.00 0.00 0.00
M-2 39,023,000.00 39,023,000.00 0.00 0.00 0.00 0.00
M-3 23,780,000.00 23,780,000.00 0.00 0.00 0.00 0.00
M-4 21,341,000.00 21,341,000.00 0.00 0.00 0.00 0.00
M-5 20,731,000.00 20,731,000.00 0.00 0.00 0.00 0.00
M-6 18,292,000.00 18,292,000.00 0.00 0.00 0.00 0.00
M-7 15,243,000.00 15,243,000.00 0.00 0.00 0.00 0.00
M-8 15,243,000.00 15,243,000.00 0.00 0.00 0.00 0.00
M-9 12,195,000.00 12,195,000.00 0.00 0.00 0.00 0.00
M-10 12,195,000.00 12,195,000.00 0.00 0.00 0.00 0.00
B-1 16,463,000.00 16,463,000.00 0.00 0.00 0.00 0.00
B-2 7,317,000.00 7,317,000.00 0.00 0.00 0.00 0.00
CE 7,317,562.49 7,316,781.97 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,219,463,662.49 1,087,606,275.92 0.00 42,007,400.39 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>
A-1 30,872,081.33 557,307,570.89 0.81916399 30,872,081.33
A-2A 11,135,319.06 99,655,422.67 0.66220628 11,135,319.06
A-2B 0.00 69,647,000.00 1.00000000 0.00
A-2C 0.00 39,120,000.00 1.00000000 0.00
M-1 0.00 70,729,000.00 1.00000000 0.00
M-2 0.00 39,023,000.00 1.00000000 0.00
M-3 0.00 23,780,000.00 1.00000000 0.00
M-4 0.00 21,341,000.00 1.00000000 0.00
M-5 0.00 20,731,000.00 1.00000000 0.00
M-6 0.00 18,292,000.00 1.00000000 0.00
M-7 0.00 15,243,000.00 1.00000000 0.00
M-8 0.00 15,243,000.00 1.00000000 0.00
M-9 0.00 12,195,000.00 1.00000000 0.00
M-10 0.00 12,195,000.00 1.00000000 0.00
B-1 0.00 16,463,000.00 1.00000000 0.00
B-2 0.00 7,317,000.00 1.00000000 0.00
CE 0.00 7,316,781.97 0.99989334 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 42,007,400.39 1,045,598,875.53 0.85742520 42,007,400.39
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>
A-1 680,337,000.00 864.54162014 0.00000000 45.37763098 0.00000000
A-2A 150,490,000.00 736.20002479 0.00000000 73.99374749 0.00000000
A-2B 69,647,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 39,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 70,729,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 39,023,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 23,780,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 21,341,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 20,731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 18,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 15,243,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 15,243,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 12,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 12,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 16,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 7,317,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 7,317,562.49 999.89333607 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1 0.00000000 45.37763098 819.16398916 0.81916399 45.37763098
A-2A 0.00000000 73.99374749 662.20627729 0.66220628 73.99374749
A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.89333607 0.99989334 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R 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>
A-1 680,337,000.00 3.86125% 588,179,652.22 2,018,763.27 0.00 0.00
A-2A 150,490,000.00 3.73125% 110,790,741.73 367,455.96 0.00 0.00
A-2B 69,647,000.00 3.84125% 69,647,000.00 237,805.81 0.00 0.00
A-2C 39,120,000.00 3.95125% 39,120,000.00 137,398.13 0.00 0.00
M-1 70,729,000.00 4.08125% 70,729,000.00 256,589.09 0.00 0.00
M-2 39,023,000.00 4.09125% 39,023,000.00 141,913.64 0.00 0.00
M-3 23,780,000.00 4.12125% 23,780,000.00 87,114.07 0.00 0.00
M-4 21,341,000.00 4.28125% 21,341,000.00 81,214.36 0.00 0.00
M-5 20,731,000.00 4.32125% 20,731,000.00 79,630.07 0.00 0.00
M-6 18,292,000.00 4.39125% 18,292,000.00 71,399.77 0.00 0.00
M-7 15,243,000.00 4.87125% 15,243,000.00 66,002.19 0.00 0.00
M-8 15,243,000.00 5.01125% 15,243,000.00 67,899.10 0.00 0.00
M-9 12,195,000.00 5.62125% 12,195,000.00 60,934.35 0.00 0.00
M-10 12,195,000.00 6.89125% 12,195,000.00 74,701.15 0.00 0.00
B-1 16,463,000.00 6.89125% 16,463,000.00 100,845.02 0.00 0.00
B-2 7,317,000.00 6.89125% 7,317,000.00 44,820.69 0.00 0.00
CE 7,317,562.49 0.00000% 1,087,606,275.92 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,219,463,662.49 3,894,486.67 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>
A-1 0.00 0.00 2,018,763.27 0.00 557,307,570.89
A-2A 0.00 0.00 367,455.96 0.00 99,655,422.67
A-2B 0.00 0.00 237,805.81 0.00 69,647,000.00
A-2C 0.00 0.00 137,398.13 0.00 39,120,000.00
M-1 0.00 0.00 256,589.09 0.00 70,729,000.00
M-2 0.00 0.00 141,913.64 0.00 39,023,000.00
M-3 0.00 0.00 87,114.07 0.00 23,780,000.00
M-4 0.00 0.00 81,214.36 0.00 21,341,000.00
M-5 0.00 0.00 79,630.07 0.00 20,731,000.00
M-6 0.00 0.00 71,399.77 0.00 18,292,000.00
M-7 0.00 0.00 66,002.19 0.00 15,243,000.00
M-8 0.00 0.00 67,899.10 0.00 15,243,000.00
M-9 0.00 0.00 60,934.35 0.00 12,195,000.00
M-10 0.00 0.00 74,701.15 0.00 12,195,000.00
B-1 0.00 0.00 100,845.02 0.00 16,463,000.00
B-2 0.00 0.00 44,820.69 0.00 7,317,000.00
CE 0.00 0.00 2,052,622.81 0.00 1,045,598,875.53
P 0.00 0.00 800,025.79 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,747,135.27 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>
A-1 680,337,000.00 3.86125% 864.54162014 2.96729896 0.00000000 0.00000000
A-2A 150,490,000.00 3.73125% 736.20002479 2.44173008 0.00000000 0.00000000
A-2B 69,647,000.00 3.84125% 1000.00000000 3.41444441 0.00000000 0.00000000
A-2C 39,120,000.00 3.95125% 1000.00000000 3.51222214 0.00000000 0.00000000
M-1 70,729,000.00 4.08125% 1000.00000000 3.62777771 0.00000000 0.00000000
M-2 39,023,000.00 4.09125% 1000.00000000 3.63666658 0.00000000 0.00000000
M-3 23,780,000.00 4.12125% 1000.00000000 3.66333347 0.00000000 0.00000000
M-4 21,341,000.00 4.28125% 1000.00000000 3.80555550 0.00000000 0.00000000
M-5 20,731,000.00 4.32125% 1000.00000000 3.84111090 0.00000000 0.00000000
M-6 18,292,000.00 4.39125% 1000.00000000 3.90333315 0.00000000 0.00000000
M-7 15,243,000.00 4.87125% 1000.00000000 4.33000000 0.00000000 0.00000000
M-8 15,243,000.00 5.01125% 1000.00000000 4.45444466 0.00000000 0.00000000
M-9 12,195,000.00 5.62125% 1000.00000000 4.99666667 0.00000000 0.00000000
M-10 12,195,000.00 6.89125% 1000.00000000 6.12555556 0.00000000 0.00000000
B-1 16,463,000.00 6.89125% 1000.00000000 6.12555549 0.00000000 0.00000000
B-2 7,317,000.00 6.89125% 1000.00000000 6.12555556 0.00000000 0.00000000
CE 7,317,562.49 0.00000% 148629.58497537 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1 0.00000000 0.00000000 2.96729896 0.00000000 819.16398916
A-2A 0.00000000 0.00000000 2.44173008 0.00000000 662.20627729
A-2B 0.00000000 0.00000000 3.41444441 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.51222214 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.62777771 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.63666658 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.66333347 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.80555550 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.84111090 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.90333315 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.33000000 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.45444466 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.99666667 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 6.12555556 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.12555549 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 6.12555556 0.00000000 1000.00000000
CE 0.00000000 0.00000000 280.50635889 0.00000000 142888.95748535
P 0.00000000 0.00000000 8000257.90000000 0.00000000 1000.00000000
R 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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 48,390,466.03
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 531,757.84
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 800,025.79
Total Deposits 49,722,249.66
Withdrawals
Reimbursement for Servicer Advances 485,087.91
Payment of Service Fee 482,626.09
Payment of Interest and Principal 48,754,535.66
Total Withdrawals (Pool Distribution Amount) 49,722,249.66
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 453,169.64
Credit Risk Manager Fee - The Murrayhill Company 12,688.64
Master Servicing Fee Wells Fargo 16,767.81
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 482,626.09
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 23,652.84 23,652.84 1,000.00
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 15 0 0 15
1,846,711.11 0.00 0.00 1,846,711.11
30 Days 203 0 0 0 203
34,685,113.70 0.00 0.00 0.00 34,685,113.70
60 Days 135 0 0 0 135
23,183,185.13 0.00 0.00 0.00 23,183,185.13
90 Days 73 0 1 0 74
12,161,728.82 0.00 212,000.00 0.00 12,373,728.82
120 Days 33 1 2 0 36
5,311,516.77 143,732.13 209,142.34 0.00 5,664,391.24
150 Days 1 0 0 0 1
298,827.97 0.00 0.00 0.00 298,827.97
180+ Days 23 1 1 0 25
4,391,778.96 15,999.00 7,000.00 0.00 4,414,777.96
Totals 468 17 4 0 489
80,032,151.35 2,006,442.24 428,142.34 0.00 82,466,735.93
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 0.261872% 0.000000% 0.000000% 0.261872%
0.176480% 0.000000% 0.000000% 0.176480%
30 Days 3.543994% 0.000000% 0.000000% 0.000000% 3.543994%
3.314669% 0.000000% 0.000000% 0.000000% 3.314669%
60 Days 2.356844% 0.000000% 0.000000% 0.000000% 2.356844%
2.215492% 0.000000% 0.000000% 0.000000% 2.215492%
90 Days 1.274441% 0.000000% 0.017458% 0.000000% 1.291899%
1.162231% 0.000000% 0.020260% 0.000000% 1.182490%
120 Days 0.576117% 0.017458% 0.034916% 0.000000% 0.628492%
0.507593% 0.013736% 0.019987% 0.000000% 0.541315%
150 Days 0.017458% 0.000000% 0.000000% 0.000000% 0.017458%
0.028557% 0.000000% 0.000000% 0.000000% 0.028557%
180+ Days 0.401536% 0.017458% 0.017458% 0.000000% 0.436453%
0.419699% 0.001529% 0.000669% 0.000000% 0.421896%
Totals 8.170391% 0.296788% 0.069832% 0.000000% 8.537011%
7.648240% 0.191745% 0.040915% 0.000000% 7.880900%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 Sub Grp 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 6 0 0 6
238,897.55 0.00 0.00 238,897.55
30 Days 44 0 0 0 44
2,614,425.92 0.00 0.00 0.00 2,614,425.92
60 Days 26 0 0 0 26
1,119,213.53 0.00 0.00 0.00 1,119,213.53
90 Days 10 0 0 0 10
286,206.91 0.00 0.00 0.00 286,206.91
120 Days 3 0 1 0 4
143,356.49 0.00 49,249.92 0.00 192,606.41
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 5 1 1 0 7
326,964.68 15,999.00 7,000.00 0.00 349,963.68
Totals 88 7 2 0 97
4,490,167.53 254,896.55 56,249.92 0.00 4,801,314.00
0-29 Days 0.414365% 0.000000% 0.000000% 0.414365%
0.206325% 0.000000% 0.000000% 0.206325%
30 Days 3.038674% 0.000000% 0.000000% 0.000000% 3.038674%
2.257960% 0.000000% 0.000000% 0.000000% 2.257960%
60 Days 1.795580% 0.000000% 0.000000% 0.000000% 1.795580%
0.966614% 0.000000% 0.000000% 0.000000% 0.966614%
90 Days 0.690608% 0.000000% 0.000000% 0.000000% 0.690608%
0.247184% 0.000000% 0.000000% 0.000000% 0.247184%
120 Days 0.207182% 0.000000% 0.069061% 0.000000% 0.276243%
0.123810% 0.000000% 0.042535% 0.000000% 0.166345%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.345304% 0.069061% 0.069061% 0.000000% 0.483425%
0.282384% 0.013818% 0.006046% 0.000000% 0.302248%
Totals 6.077348% 0.483425% 0.138122% 0.000000% 6.698895%
3.877952% 0.220142% 0.048580% 0.000000% 4.146675%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 Sub Grp 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 7 0 0 7
1,023,395.05 0.00 0.00 1,023,395.05
30 Days 133 0 0 0 133
23,297,197.84 0.00 0.00 0.00 23,297,197.84
60 Days 90 0 0 0 90
16,259,167.97 0.00 0.00 0.00 16,259,167.97
90 Days 51 0 1 0 52
8,706,621.67 0.00 212,000.00 0.00 8,918,621.67
120 Days 25 1 1 0 27
4,122,722.47 143,732.13 159,892.42 0.00 4,426,347.02
150 Days 1 0 0 0 1
298,827.97 0.00 0.00 0.00 298,827.97
180+ Days 14 0 0 0 14
2,598,124.63 0.00 0.00 0.00 2,598,124.63
Totals 314 8 2 0 324
55,282,662.55 1,167,127.18 371,892.42 0.00 56,821,682.15
0-29 Days 0.201787% 0.000000% 0.000000% 0.201787%
0.158718% 0.000000% 0.000000% 0.158718%
30 Days 3.833958% 0.000000% 0.000000% 0.000000% 3.833958%
3.613148% 0.000000% 0.000000% 0.000000% 3.613148%
60 Days 2.594408% 0.000000% 0.000000% 0.000000% 2.594408%
2.521624% 0.000000% 0.000000% 0.000000% 2.521624%
90 Days 1.470164% 0.000000% 0.028827% 0.000000% 1.498991%
1.350304% 0.000000% 0.032879% 0.000000% 1.383183%
120 Days 0.720669% 0.028827% 0.028827% 0.000000% 0.778322%
0.639390% 0.022291% 0.024798% 0.000000% 0.686479%
150 Days 0.028827% 0.000000% 0.000000% 0.000000% 0.028827%
0.046345% 0.000000% 0.000000% 0.000000% 0.046345%
180+ Days 0.403575% 0.000000% 0.000000% 0.000000% 0.403575%
0.402942% 0.000000% 0.000000% 0.000000% 0.402942%
Totals 9.051600% 0.230614% 0.057654% 0.000000% 9.339867%
8.573753% 0.181009% 0.057677% 0.000000% 8.812439%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Sub Grp 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 1 0 0 1
116,418.51 0.00 0.00 116,418.51
30 Days 12 0 0 0 12
1,620,037.47 0.00 0.00 0.00 1,620,037.47
60 Days 7 0 0 0 7
945,589.10 0.00 0.00 0.00 945,589.10
90 Days 6 0 0 0 6
549,404.92 0.00 0.00 0.00 549,404.92
120 Days 3 0 0 0 3
232,536.44 0.00 0.00 0.00 232,536.44
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 1 0 0 0 1
106,000.00 0.00 0.00 0.00 106,000.00
Totals 29 1 0 0 30
3,453,567.93 116,418.51 0.00 0.00 3,569,986.44
0-29 Days 0.352113% 0.000000% 0.000000% 0.352113%
0.288084% 0.000000% 0.000000% 0.288084%
30 Days 4.225352% 0.000000% 0.000000% 0.000000% 4.225352%
4.008868% 0.000000% 0.000000% 0.000000% 4.008868%
60 Days 2.464789% 0.000000% 0.000000% 0.000000% 2.464789%
2.339910% 0.000000% 0.000000% 0.000000% 2.339910%
90 Days 2.112676% 0.000000% 0.000000% 0.000000% 2.112676%
1.359531% 0.000000% 0.000000% 0.000000% 1.359531%
120 Days 1.056338% 0.000000% 0.000000% 0.000000% 1.056338%
0.575424% 0.000000% 0.000000% 0.000000% 0.575424%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.352113% 0.000000% 0.000000% 0.000000% 0.352113%
0.262303% 0.000000% 0.000000% 0.000000% 0.262303%
Totals 10.211268% 0.352113% 0.000000% 0.000000% 10.563380%
8.546035% 0.288084% 0.000000% 0.000000% 8.834119%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Sub Grp 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 1 0 0 1
468,000.00 0.00 0.00 468,000.00
30 Days 14 0 0 0 14
7,153,452.47 0.00 0.00 0.00 7,153,452.47
60 Days 12 0 0 0 12
4,859,214.53 0.00 0.00 0.00 4,859,214.53
90 Days 6 0 0 0 6
2,619,495.32 0.00 0.00 0.00 2,619,495.32
120 Days 2 0 0 0 2
812,901.37 0.00 0.00 0.00 812,901.37
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 3 0 0 0 3
1,360,689.65 0.00 0.00 0.00 1,360,689.65
Totals 37 1 0 0 38
16,805,753.34 468,000.00 0.00 0.00 17,273,753.34
0-29 Days 0.189753% 0.000000% 0.000000% 0.189753%
0.190690% 0.000000% 0.000000% 0.190690%
30 Days 2.656546% 0.000000% 0.000000% 0.000000% 2.656546%
2.914723% 0.000000% 0.000000% 0.000000% 2.914723%
60 Days 2.277040% 0.000000% 0.000000% 0.000000% 2.277040%
1.979920% 0.000000% 0.000000% 0.000000% 1.979920%
90 Days 1.138520% 0.000000% 0.000000% 0.000000% 1.138520%
1.067331% 0.000000% 0.000000% 0.000000% 1.067331%
120 Days 0.379507% 0.000000% 0.000000% 0.000000% 0.379507%
0.331222% 0.000000% 0.000000% 0.000000% 0.331222%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.569260% 0.000000% 0.000000% 0.000000% 0.569260%
0.554422% 0.000000% 0.000000% 0.000000% 0.554422%
Totals 7.020873% 0.189753% 0.000000% 0.000000% 7.210626%
6.847619% 0.190690% 0.000000% 0.000000% 7.038309%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 531,757.84
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c> <c>
Class P 1,219,463,562.49 99.99999180% 1,045,598,775.53 99.99999044% 0.000010% 0.000000%
Class CE 1,212,146,000.00 99.39992779% 1,038,281,993.56 99.30022094% 0.699769% 0.000000%
Class B-2 1,204,829,000.00 98.79990992% 1,030,964,993.56 98.60043059% 0.699790% 0.000000%
Class B-1 1,188,366,000.00 97.44989019% 1,014,501,993.56 97.02592622% 1.574504% 0.000000%
Class M-4 1,073,126,000.00 87.99983411% 899,261,993.56 86.00449126% 2.041031% 0.000000%
Class M-3 1,049,346,000.00 86.04979650% 875,481,993.56 83.73019655% 2.274295% 0.000000%
Class M-2 1,010,323,000.00 82.84978315% 836,458,993.56 79.99807700% 3.732120% 0.000000%
Class M-1 939,594,000.00 77.04977433% 765,729,993.56 73.23362826% 6.764449% 0.000000%
Class A1-A 0.00 0.00000000% 0.00 0.00000000% 53.300322% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
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.
Group 1 Sub Grp 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.
Group 1 Sub Grp 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.
Group 2 Sub Grp 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.
Group 2 Sub Grp 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.
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 2 Oct-04 0.000%
Original Principal Balance 263,000.00 Nov-04 0.000%
Current Principal Balance 261,249.92 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 4 Mar-05 0.000%
Original Principal Balance 430,000.00 Apr-05 0.000%
Current Principal Balance 428,142.34 May-05 0.000%
Jun-05 0.000%
Jul-05 0.001%
Aug-05 0.015%
Sep-05 0.041%
*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.
Group 1 Sub Grp 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Oct-04 0.000%
Original Principal Balance 51,000.00 Nov-04 0.000%
Current Principal Balance 49,249.92 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 2 Mar-05 0.000%
Original Principal Balance 58,000.00 Apr-05 0.000%
Current Principal Balance 56,249.92 May-05 0.000%
Jun-05 0.000%
Jul-05 0.006%
Aug-05 0.006%
Sep-05 0.049%
*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.
Group 1 Sub Grp 2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Oct-04 0.000%
Original Principal Balance 212,000.00 Nov-04 0.000%
Current Principal Balance 212,000.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 2 Mar-05 0.000%
Original Principal Balance 372,000.00 Apr-05 0.000%
Current Principal Balance 371,892.42 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.024%
Sep-05 0.058%
*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.
Group 2 Sub Grp 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.
Group 2 Sub Grp 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.
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>
Group 1 Sub Grp 1 0000173026 Sep-2005 01-Mar-2003 TX 72.34 51,000.00
Group 1 Sub Grp 1 0000430334 Jul-2005 01-Feb-2005 IL 95.00 7,000.00
Group 1 Sub Grp 2 0000425767 Aug-2005 01-Mar-2005 CA 63.87 160,000.00
Group 1 Sub Grp 2 0000425818 Sep-2005 01-Mar-2005 CA 80.00 212,000.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
Group 1 Sub Grp 1 0000173026 49,249.92 01-Mar-2005 4 10.500% 2,452.59
Group 1 Sub Grp 1 0000430334 7,000.00 01-Jan-2005 6 11.250% 368.70
Group 1 Sub Grp 2 0000425767 159,892.42 01-Mar-2005 4 7.990% 5,977.74
Group 1 Sub Grp 2 0000425818 212,000.00 01-Apr-2005 3 6.375% 5,189.60
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.107048%
Weighted Average Net Coupon 6.607048%
Weighted Average Pass-Through Rate 6.574547%
Weighted Average Maturity(Stepdown Calculation) 349
Beginning Scheduled Collateral Loan Count 5,932
Number Of Loans Paid In Full 204
Ending Scheduled Collateral Loan Count 5,728
Beginning Scheduled Collateral Balance 1,087,606,275.92
Ending Scheduled Collateral Balance 1,045,598,875.53
Ending Actual Collateral Balance at 31-Aug-2005 1,046,412,704.24
Monthly P&I Constant 7,128,212.31
Special Servicing Fee 0.00
Prepayment Penalties 800,025.79
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 686,783.79
Unscheduled Principal 41,320,616.60
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 7,316,781.97
Overcollateralized Amount 7,316,781.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.107048%
Weighted Average Net Rate 6.607048%
Weighted Average Pass Through Rate 6.574547%
Weighted Average Maturity 349
Record Date 08/31/2005
Principal and Interest Constant 7,128,212.31
Beginning Loan Count 5,932
Loans Paid in Full 204
Ending Loan Count 5,728
Beginning Scheduled Balance 1,087,606,275.92
Ending Scheduled Balance 1,045,598,875.53
Ending Actual Balance at 31-Aug-2005 1,046,412,704.24
Scheduled Principal 686,783.79
Unscheduled Principal 41,320,616.60
Scheduled Interest 6,441,428.52
Servicing Fee 453,169.64
Master Servicing Fee 16,767.81
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 12,688.74
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 5,958,803.22
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 800,025.79
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 7,316,781.97
Overcollateralized Amount 7,316,781.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement Percentage 0.27
Over Collateralization Amount 7,316,781.97
Over Collateralization Increase Amount 0.00
Over Collateralization Reduction Amount 0.00
Over Collateralization Target Amount 7,316,781.97
Senior Target Percentage 0.54
Specified Over Collateralization Amount 7,316,781.97
Group Level Collateral Statement
Group Group 1 Sub Grp 1 Group 1 Sub Grp 2 Group 2 Sub Grp 1
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.063762 7.067109 8.464633
Weighted Average Net Rate 7.563762 6.567109 7.964633
Weighted Average Maturity 325 353 320
Beginning Loan Count 1,487 3,601 295
Loans Paid In Full 39 132 11
Ending Loan Count 1,448 3,469 284
Beginning Scheduled Balance 119,355,948.18 671,466,785.06 41,801,196.70
Ending Scheduled Balance 115,677,460.89 644,273,191.02 40,377,459.70
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 912,708.99 4,373,686.99 326,010.00
Scheduled Principal 110,660.67 419,246.32 31,150.16
Unscheduled Principal 3,567,826.62 26,774,347.72 1,392,586.84
Scheduled Interest 802,048.32 3,954,440.67 294,859.84
Servicing Fees 49,731.65 279,777.83 17,417.17
Master Servicing Fees 1,840.07 10,351.78 644.44
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 1,392.49 7,833.78 487.68
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 749,084.11 3,656,477.28 276,310.55
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.531262 6.534609 7.932133
Group Level Collateral Statement
Group Group 2 Sub Grp 2 Total
Collateral Description Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.542004 7.107048
Weighted Average Net Rate 6.042004 6.607048
Weighted Average Maturity 353 349
Beginning Loan Count 549 5,932
Loans Paid In Full 22 204
Ending Loan Count 527 5,728
Beginning Scheduled Balance 254,982,345.98 1,087,606,275.92
Ending scheduled Balance 245,270,763.92 1,045,598,875.53
Record Date 08/31/2005 08/31/2005
Principal And Interest Constant 1,515,806.33 7,128,212.31
Scheduled Principal 125,726.64 686,783.79
Unscheduled Principal 9,585,855.42 41,320,616.60
Scheduled Interest 1,390,079.69 6,441,428.52
Servicing Fees 106,242.64 453,169.29
Master Servicing Fees 3,930.98 16,767.27
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,974.79 12,688.74
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 1,276,931.28 5,958,803.22
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 6.009504 6.574547
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>
Group 1 Sub Grp 1 39 3,587,834.00 3,561,650.23 0 0.00 0.00
Group 1 Sub Grp 2 132 26,898,300.54 26,772,774.97 0 0.00 0.00
Group 2 Sub Grp 1 11 1,397,050.00 1,390,816.35 0 0.00 0.00
Group 2 Sub Grp 2 22 9,632,273.00 9,585,255.43 0 0.00 0.00
Total 204 41,515,457.54 41,310,496.98 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>
Group 1 Sub Grp 1 0 0.00 0.00 0 0.00 0.00 9,672.36
Group 1 Sub Grp 2 0 0.00 0.00 0 0.00 0.00 19,204.06
Group 2 Sub Grp 1 0 0.00 0.00 0 0.00 0.00 2,671.91
Group 2 Sub Grp 2 0 0.00 0.00 0 0.00 0.00 6,733.00
Total 0 0.00 0.00 0 0.00 0.00 38,281.33
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>
Group 1 Sub Grp 1 0000417542 CA 100.00 01-Dec-2004 65,713.00 65,377.93
Group 1 Sub Grp 1 0000417545 SC 100.00 01-Dec-2004 25,750.00 25,625.30
Group 1 Sub Grp 1 0000421387 CA 100.00 01-Feb-2005 54,400.00 54,022.42
Group 1 Sub Grp 1 0000423673 CA 100.00 01-Jan-2005 71,000.00 70,537.17
Group 1 Sub Grp 1 0000425001 AZ 100.00 01-Mar-2005 32,600.00 32,360.38
Group 1 Sub Grp 1 0000425559 CA 51.82 01-Feb-2005 114,000.00 110,867.29
Group 1 Sub Grp 1 0000427554 CT 100.00 01-Feb-2005 30,700.00 30,601.99
Group 1 Sub Grp 1 0000427579 NJ 63.35 01-Feb-2005 121,000.00 118,874.88
Group 1 Sub Grp 1 0000428161 CA 100.00 01-Feb-2005 63,800.00 63,590.80
Group 1 Sub Grp 1 0000428166 CA 100.00 01-Feb-2005 46,500.00 46,362.73
Group 1 Sub Grp 1 0000428393 NJ 70.00 01-Feb-2005 269,500.00 268,060.07
Group 1 Sub Grp 1 0000428677 WA 100.00 01-Jan-2005 43,380.00 43,215.80
Group 1 Sub Grp 1 0000428822 NY 80.00 01-Feb-2005 260,000.00 258,596.76
Group 1 Sub Grp 1 0000429137 FL 95.00 01-Feb-2005 7,250.00 6,992.45
Group 1 Sub Grp 1 0000429188 FL 95.00 01-Feb-2005 10,900.00 10,496.32
Group 1 Sub Grp 1 0000429392 VA 100.00 01-Feb-2005 14,990.00 14,851.45
Group 1 Sub Grp 1 0000429465 MD 100.00 01-Feb-2005 31,000.00 30,853.60
Group 1 Sub Grp 1 0000429485 MD 80.00 01-Feb-2005 124,000.00 123,120.43
Group 1 Sub Grp 1 0000429490 FL 100.00 01-Feb-2005 35,980.00 35,873.98
Group 1 Sub Grp 1 0000429684 MA 100.00 01-Feb-2005 11,700.00 11,375.39
Group 1 Sub Grp 1 0000429694 FL 62.35 01-Feb-2005 188,300.00 187,037.18
Group 1 Sub Grp 1 0000429725 NJ 78.97 01-Feb-2005 184,000.00 182,719.76
Group 1 Sub Grp 1 0000429934 NJ 85.00 01-Feb-2005 13,250.00 11,929.59
Group 1 Sub Grp 1 0000429970 NC 95.00 01-Feb-2005 6,000.00 5,786.81
Group 1 Sub Grp 1 0000430830 CT 76.36 01-Feb-2005 81,700.00 81,250.14
Group 1 Sub Grp 1 0000431094 NJ 72.86 01-Jan-2005 255,000.00 253,129.65
Group 1 Sub Grp 1 0000431298 VA 100.00 01-Feb-2005 64,000.00 63,672.25
Group 1 Sub Grp 1 0000431322 FL 90.00 01-Feb-2005 180,000.00 178,602.06
Group 1 Sub Grp 1 0000431449 AZ 100.00 01-Feb-2005 64,600.00 64,220.51
Group 1 Sub Grp 1 0000431947 CA 100.00 01-Feb-2005 41,800.00 41,299.17
Group 1 Sub Grp 1 0000432238 IL 100.00 01-Feb-2005 34,500.00 34,374.01
Group 1 Sub Grp 1 0000432430 FL 54.44 01-Feb-2005 135,000.00 134,051.61
Group 1 Sub Grp 1 0000432548 UT 100.00 01-Feb-2005 39,749.00 39,573.98
Group 1 Sub Grp 1 0000432598 CA 54.95 01-Jan-2005 250,000.00 247,921.34
Group 1 Sub Grp 1 0000432651 CA 100.00 01-Feb-2005 58,172.00 58,014.99
Group 1 Sub Grp 1 0000432789 CA 89.95 01-Dec-2004 340,000.00 337,133.15
Group 1 Sub Grp 1 0000432868 MI 75.00 01-Nov-2004 90,000.00 89,365.97
Group 1 Sub Grp 1 0000432977 CA 100.00 01-Apr-2005 65,000.00 64,832.89
Group 1 Sub Grp 1 0000433665 CA 100.00 01-Mar-2005 62,600.00 61,582.06
Group 1 Sub Grp 2 0000417527 NC 100.00 01-Feb-2005 55,000.00 54,752.73
Group 1 Sub Grp 2 0000421388 CA 80.00 01-Feb-2005 217,600.00 217,588.22
Group 1 Sub Grp 2 0000423500 CA 74.12 01-Nov-2004 315,000.00 315,000.00
Group 1 Sub Grp 2 0000423674 CA 80.00 01-Jan-2005 284,000.00 284,000.00
Group 1 Sub Grp 2 0000423688 IL 84.33 01-Mar-2005 126,500.00 125,743.19
Group 1 Sub Grp 2 0000423692 SC 100.00 01-Feb-2005 45,000.00 44,808.29
Group 1 Sub Grp 2 0000425059 CO 72.84 01-Mar-2005 101,250.00 100,758.15
Group 1 Sub Grp 2 0000425734 CA 75.00 01-Mar-2005 206,250.00 206,250.00
Group 1 Sub Grp 2 0000425780 CA 65.00 01-Mar-2005 178,750.00 177,390.88
Group 1 Sub Grp 2 0000427262 GA 95.00 01-Feb-2005 112,100.00 111,525.84
Group 1 Sub Grp 2 0000427282 NJ 80.00 01-Feb-2005 300,000.00 298,432.25
Group 1 Sub Grp 2 0000427306 NJ 90.00 01-Feb-2005 301,500.00 299,876.15
Group 1 Sub Grp 2 0000427332 NY 72.67 01-Feb-2005 218,000.00 216,637.38
Group 1 Sub Grp 2 0000427375 NJ 69.43 01-Feb-2005 184,000.00 182,643.76
Group 1 Sub Grp 2 0000427394 RI 80.00 01-Feb-2005 172,000.00 170,803.24
Group 1 Sub Grp 2 0000427417 MA 80.00 01-Feb-2005 336,000.00 336,000.00
Group 1 Sub Grp 2 0000427421 NJ 85.00 01-Feb-2005 210,800.00 209,009.40
Group 1 Sub Grp 2 0000427429 NY 99.44 01-Feb-2005 88,000.00 87,471.62
Group 1 Sub Grp 2 0000427449 NJ 80.00 01-Feb-2005 132,000.00 131,344.15
Group 1 Sub Grp 2 0000427527 NJ 67.81 01-Feb-2005 198,000.00 197,263.15
Group 1 Sub Grp 2 0000427557 CT 80.00 01-Feb-2005 122,800.00 121,937.33
Group 1 Sub Grp 2 0000427562 PA 80.00 01-Feb-2005 196,000.00 196,000.00
Group 1 Sub Grp 2 0000427575 MD 70.00 01-Feb-2005 151,900.00 151,427.88
Group 1 Sub Grp 2 0000427609 NJ 80.00 01-Feb-2005 256,000.00 254,521.40
Group 1 Sub Grp 2 0000427701 NJ 87.55 01-Feb-2005 481,500.00 478,460.64
Group 1 Sub Grp 2 0000427729 CT 73.12 01-Feb-2005 370,000.00 367,571.34
Group 1 Sub Grp 2 0000427763 MA 80.00 01-Feb-2005 392,000.00 389,644.41
Group 1 Sub Grp 2 0000427847 GA 85.00 01-Jan-2005 141,100.00 139,926.80
Group 1 Sub Grp 2 0000427864 NJ 100.00 01-Feb-2005 315,000.00 313,542.69
Group 1 Sub Grp 2 0000427922 PA 80.00 01-Feb-2005 115,200.00 114,450.73
Group 1 Sub Grp 2 0000427969 NJ 85.00 01-Oct-2004 340,000.00 336,469.97
Group 1 Sub Grp 2 0000428053 NJ 85.00 01-Feb-2005 340,000.00 336,974.54
Group 1 Sub Grp 2 0000428074 CA 80.00 01-Feb-2005 232,000.00 230,775.28
Group 1 Sub Grp 2 0000428089 OR 90.00 01-Feb-2005 191,610.00 190,556.97
Group 1 Sub Grp 2 0000428150 NY 90.00 01-Feb-2005 315,000.00 315,000.00
Group 1 Sub Grp 2 0000428162 CA 80.00 01-Feb-2005 255,200.00 255,200.00
Group 1 Sub Grp 2 0000428182 CA 78.09 01-Feb-2005 278,000.00 276,561.81
Group 1 Sub Grp 2 0000428221 NY 90.00 01-Feb-2005 301,500.00 298,939.02
Group 1 Sub Grp 2 0000428228 CA 80.00 01-Feb-2005 186,000.00 184,752.63
Group 1 Sub Grp 2 0000428245 CA 70.40 01-Feb-2005 195,000.00 193,656.31
Group 1 Sub Grp 2 0000428282 MD 80.00 01-Feb-2005 216,000.00 214,534.98
Group 1 Sub Grp 2 0000428413 FL 62.50 01-Feb-2005 125,000.00 124,203.14
Group 1 Sub Grp 2 0000428419 HI 83.45 01-Feb-2005 229,500.00 227,948.90
Group 1 Sub Grp 2 0000428477 CA 68.70 01-Feb-2005 79,000.00 78,591.29
Group 1 Sub Grp 2 0000428620 MD 80.00 01-Feb-2005 102,320.00 101,628.44
Group 1 Sub Grp 2 0000428739 CA 80.00 01-Feb-2005 319,200.00 319,200.00
Group 1 Sub Grp 2 0000428891 CA 90.00 01-Dec-2004 277,200.00 274,632.03
Group 1 Sub Grp 2 0000428999 NC 85.00 01-Feb-2005 142,800.00 141,862.59
Group 1 Sub Grp 2 0000429016 FL 80.00 01-Feb-2005 204,000.00 202,749.72
Group 1 Sub Grp 2 0000429142 MD 90.00 01-Feb-2005 271,800.00 270,306.46
Group 1 Sub Grp 2 0000429206 MD 85.00 01-Feb-2005 168,640.00 167,432.27
Group 1 Sub Grp 2 0000429250 FL 90.00 01-Feb-2005 196,200.00 194,912.12
Group 1 Sub Grp 2 0000429285 NJ 90.00 01-Feb-2005 337,500.00 335,059.57
Group 1 Sub Grp 2 0000429355 FL 90.00 01-Feb-2005 76,950.00 76,449.22
Group 1 Sub Grp 2 0000429451 VA 90.00 01-Feb-2005 134,910.00 134,910.00
Group 1 Sub Grp 2 0000429464 GA 94.00 01-Feb-2005 333,700.00 333,700.00
Group 1 Sub Grp 2 0000429494 CA 85.00 01-Feb-2005 298,276.00 296,701.43
Group 1 Sub Grp 2 0000429499 MD 90.00 01-Feb-2005 234,000.00 232,356.15
Group 1 Sub Grp 2 0000429519 FL 80.00 01-Feb-2005 143,920.00 143,920.00
Group 1 Sub Grp 2 0000429607 FL 80.00 01-Feb-2005 162,400.00 161,542.68
Group 1 Sub Grp 2 0000429610 FL 80.00 01-Feb-2005 64,000.00 63,715.76
Group 1 Sub Grp 2 0000429693 MA 90.00 01-Feb-2005 105,300.00 104,550.96
Group 1 Sub Grp 2 0000429706 GA 90.00 01-Feb-2005 112,500.00 111,935.33
Group 1 Sub Grp 2 0000429711 FL 78.92 01-Feb-2005 131,000.00 130,250.80
Group 1 Sub Grp 2 0000429861 GA 80.00 01-Feb-2005 140,000.00 138,886.48
Group 1 Sub Grp 2 0000429962 NJ 80.00 01-Feb-2005 212,000.00 210,946.70
Group 1 Sub Grp 2 0000429966 FL 80.00 01-Feb-2005 197,600.00 196,524.99
Group 1 Sub Grp 2 0000429999 NY 90.00 01-Feb-2005 202,500.00 201,077.36
Group 1 Sub Grp 2 0000430002 NC 90.00 01-Feb-2005 108,000.00 107,394.57
Group 1 Sub Grp 2 0000430078 NJ 100.00 01-Feb-2005 360,500.00 358,457.31
Group 1 Sub Grp 2 0000430116 NJ 70.00 01-Feb-2005 294,000.00 292,198.08
Group 1 Sub Grp 2 0000430198 MI 85.00 01-Feb-2005 181,900.00 180,796.04
Group 1 Sub Grp 2 0000430219 IL 85.00 01-Feb-2005 161,500.00 160,620.94
Group 1 Sub Grp 2 0000430291 IL 80.00 01-Feb-2005 156,000.00 154,661.40
Group 1 Sub Grp 2 0000430395 MA 90.00 01-Feb-2005 171,000.00 169,709.13
Group 1 Sub Grp 2 0000430431 IL 79.28 01-Feb-2005 176,000.00 174,889.02
Group 1 Sub Grp 2 0000430542 TN 90.00 01-Feb-2005 112,500.00 111,881.81
Group 1 Sub Grp 2 0000430725 MN 80.00 01-Feb-2005 324,175.00 322,001.06
Group 1 Sub Grp 2 0000430751 CT 95.00 01-Feb-2005 209,000.00 207,531.70
Group 1 Sub Grp 2 0000430775 IL 95.00 01-Feb-2005 170,050.00 169,015.91
Group 1 Sub Grp 2 0000430847 IL 66.67 01-Feb-2005 150,000.00 149,291.23
Group 1 Sub Grp 2 0000431014 IL 83.08 01-Feb-2005 162,000.00 160,490.79
Group 1 Sub Grp 2 0000431035 MI 75.00 01-Feb-2005 89,250.00 88,744.64
Group 1 Sub Grp 2 0000431245 MN 57.49 01-Nov-2004 129,350.00 128,844.32
Group 1 Sub Grp 2 0000431349 CA 58.52 01-Feb-2005 182,000.00 180,733.68
Group 1 Sub Grp 2 0000431354 MD 90.00 01-Feb-2005 259,650.00 258,074.19
Group 1 Sub Grp 2 0000431361 CA 80.00 01-Feb-2005 300,000.00 300,000.00
Group 1 Sub Grp 2 0000431383 CA 75.21 01-Feb-2005 274,500.00 272,644.82
Group 1 Sub Grp 2 0000431415 CA 88.00 01-Feb-2005 198,000.00 198,000.00
Group 1 Sub Grp 2 0000431482 AZ 80.00 01-Feb-2005 258,400.00 257,962.77
Group 1 Sub Grp 2 0000431534 CA 80.00 01-Feb-2005 304,000.00 303,800.00
Group 1 Sub Grp 2 0000431568 CA 63.95 01-Feb-2005 110,000.00 109,394.32
Group 1 Sub Grp 2 0000431583 MD 66.27 01-Feb-2005 167,000.00 166,480.75
Group 1 Sub Grp 2 0000431602 WI 64.17 01-Feb-2005 77,000.00 76,551.43
Group 1 Sub Grp 2 0000431609 FL 65.00 01-Feb-2005 137,800.00 137,042.10
Group 1 Sub Grp 2 0000431693 CA 70.00 01-Feb-2005 245,000.00 243,651.04
Group 1 Sub Grp 2 0000431840 CA 80.00 01-Feb-2005 216,000.00 214,165.29
Group 1 Sub Grp 2 0000431900 CA 60.94 01-Feb-2005 195,000.00 193,609.59
Group 1 Sub Grp 2 0000431905 IL 88.14 01-Feb-2005 189,500.00 188,106.58
Group 1 Sub Grp 2 0000431958 CA 80.00 01-Feb-2005 167,200.00 167,200.00
Group 1 Sub Grp 2 0000431995 FL 68.70 01-Feb-2005 237,000.00 235,075.49
Group 1 Sub Grp 2 0000432001 MI 80.00 01-Feb-2005 136,000.00 135,438.18
Group 1 Sub Grp 2 0000432060 CA 70.00 01-Feb-2005 200,200.00 199,564.32
Group 1 Sub Grp 2 0000432061 CA 73.67 01-Feb-2005 99,450.00 98,589.31
Group 1 Sub Grp 2 0000432144 WV 83.00 01-Feb-2005 157,700.00 157,700.00
Group 1 Sub Grp 2 0000432293 CA 80.00 01-Feb-2005 241,972.00 240,185.60
Group 1 Sub Grp 2 0000432364 IL 90.00 01-Feb-2005 310,500.00 308,417.78
Group 1 Sub Grp 2 0000432413 CA 55.00 01-Feb-2005 151,250.00 150,410.50
Group 1 Sub Grp 2 0000432449 CA 90.00 01-Feb-2005 355,500.00 352,816.36
Group 1 Sub Grp 2 0000432483 CA 80.00 01-Feb-2005 160,800.00 159,533.13
Group 1 Sub Grp 2 0000432590 UT 80.00 01-Feb-2005 158,996.00 158,994.78
Group 1 Sub Grp 2 0000432613 CA 63.16 01-Jan-2005 360,000.00 357,146.76
Group 1 Sub Grp 2 0000432643 CA 70.00 01-Jan-2005 276,850.00 274,858.59
Group 1 Sub Grp 2 0000432652 CA 80.00 01-Feb-2005 232,688.00 231,115.36
Group 1 Sub Grp 2 0000432660 MA 50.00 01-Feb-2005 82,500.00 82,491.04
Group 1 Sub Grp 2 0000432700 AZ 90.00 01-Jan-2005 122,850.00 122,141.52
Group 1 Sub Grp 2 0000432705 CA 80.00 01-Jan-2005 228,000.00 226,274.85
Group 1 Sub Grp 2 0000432708 MD 80.00 01-Jan-2005 184,000.00 182,153.74
Group 1 Sub Grp 2 0000432751 MD 68.48 01-Feb-2005 315,000.00 313,978.22
Group 1 Sub Grp 2 0000432769 NV 94.92 01-Nov-2004 215,093.54 213,083.22
Group 1 Sub Grp 2 0000432808 FL 70.00 01-Dec-2004 122,500.00 122,029.83
Group 1 Sub Grp 2 0000432833 VA 90.00 01-Dec-2004 130,500.00 129,453.73
Group 1 Sub Grp 2 0000432844 CA 77.21 01-Dec-2004 262,500.00 260,456.42
Group 1 Sub Grp 2 0000432858 CA 75.00 01-Dec-2004 300,000.00 297,450.75
Group 1 Sub Grp 2 0000432989 CA 64.64 01-Mar-2005 181,000.00 180,165.88
Group 1 Sub Grp 2 0000432994 CA 48.82 01-Mar-2005 145,000.00 144,494.05
Group 1 Sub Grp 2 0000433003 AZ 70.00 01-Mar-2005 70,000.00 69,667.89
Group 1 Sub Grp 2 0000433019 CA 80.00 01-Apr-2005 260,000.00 260,000.00
Group 1 Sub Grp 2 0000433159 FL 80.00 01-Mar-2005 220,000.00 219,065.37
Group 1 Sub Grp 2 0000433320 FL 20.00 01-Mar-2005 50,000.00 49,676.87
Group 1 Sub Grp 2 0000433710 CA 80.00 01-Mar-2005 250,400.00 248,611.94
Group 1 Sub Grp 2 0000433731 CA 34.36 01-Mar-2005 268,000.00 265,960.15
Group 2 Sub Grp 1 0000424847 CA 100.00 01-Feb-2005 74,265.00 73,979.73
Group 2 Sub Grp 1 0000427412 MA 100.00 01-Feb-2005 84,000.00 83,613.30
Group 2 Sub Grp 1 0000427730 MA 100.00 01-Feb-2005 98,000.00 97,703.41
Group 2 Sub Grp 1 0000427986 CA 95.00 01-Feb-2005 97,485.00 97,010.79
Group 2 Sub Grp 1 0000428554 CA 100.00 01-Feb-2005 124,000.00 123,680.86
Group 2 Sub Grp 1 0000428985 SC 100.00 01-Feb-2005 110,000.00 109,645.14
Group 2 Sub Grp 1 0000431375 CA 100.00 01-Feb-2005 113,000.00 112,489.57
Group 2 Sub Grp 1 0000431511 CA 90.00 01-Feb-2005 47,300.00 47,082.85
Group 2 Sub Grp 1 0000431843 CA 75.65 01-Feb-2005 435,000.00 431,467.77
Group 2 Sub Grp 1 0000431857 CA 100.00 01-Feb-2005 113,000.00 112,629.53
Group 2 Sub Grp 1 0000432210 CA 100.00 01-Feb-2005 101,000.00 100,611.98
Group 2 Sub Grp 2 0000424830 CA 90.00 01-Dec-2004 416,453.00 416,450.73
Group 2 Sub Grp 2 0000427456 NJ 80.00 01-Feb-2005 464,000.00 464,000.00
Group 2 Sub Grp 2 0000427913 NJ 69.90 01-Feb-2005 360,000.00 358,768.61
Group 2 Sub Grp 2 0000427938 NY 90.00 01-Dec-2004 488,250.00 484,504.41
Group 2 Sub Grp 2 0000427967 NJ 85.00 01-Oct-2004 413,100.00 409,438.38
Group 2 Sub Grp 2 0000428003 CA 80.00 01-Feb-2005 519,920.00 515,045.84
Group 2 Sub Grp 2 0000428294 CA 80.00 01-Feb-2005 408,000.00 406,169.53
Group 2 Sub Grp 2 0000428466 CA 65.00 01-Feb-2005 383,500.00 382,367.82
Group 2 Sub Grp 2 0000428665 CA 80.00 01-Jan-2005 400,000.00 396,642.19
Group 2 Sub Grp 2 0000428767 CA 68.18 01-Jan-2005 750,000.00 742,314.63
Group 2 Sub Grp 2 0000429032 SC 80.00 01-Feb-2005 440,000.00 439,971.67
Group 2 Sub Grp 2 0000431315 CA 80.00 01-Feb-2005 480,000.00 476,242.97
Group 2 Sub Grp 2 0000431403 CA 80.00 01-Feb-2005 452,000.00 452,000.00
Group 2 Sub Grp 2 0000431526 CA 80.00 01-Feb-2005 378,400.00 375,610.24
Group 2 Sub Grp 2 0000431572 CA 70.00 01-Feb-2005 395,500.00 392,364.95
Group 2 Sub Grp 2 0000431627 CA 80.00 01-Feb-2005 360,000.00 357,082.21
Group 2 Sub Grp 2 0000431861 CA 80.00 01-Feb-2005 452,000.00 448,668.42
Group 2 Sub Grp 2 0000432218 CA 80.00 01-Feb-2005 404,000.00 401,269.65
Group 2 Sub Grp 2 0000432536 MD 85.00 01-Jan-2005 439,450.00 436,865.26
Group 2 Sub Grp 2 0000432610 CA 95.00 01-Feb-2005 451,250.00 451,113.68
Group 2 Sub Grp 2 0000433153 MD 85.00 01-Mar-2005 369,750.00 368,148.31
Group 2 Sub Grp 2 0000433674 CA 83.00 01-Mar-2005 406,700.00 404,082.92
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>
Group 1 Sub Grp 1 0000417542 Loan Paid in Full 0 9.500% 180 9
Group 1 Sub Grp 1 0000417545 Loan Paid in Full (2) 9.750% 180 9
Group 1 Sub Grp 1 0000421387 Loan Paid in Full 0 7.750% 180 7
Group 1 Sub Grp 1 0000423673 Loan Paid in Full 0 7.750% 180 8
Group 1 Sub Grp 1 0000425001 Loan Paid in Full 0 11.500% 180 6
Group 1 Sub Grp 1 0000425559 Loan Paid in Full 0 6.225% 180 7
Group 1 Sub Grp 1 0000427554 Loan Paid in Full 0 10.625% 360 7
Group 1 Sub Grp 1 0000427579 Loan Paid in Full (1) 6.050% 300 7
Group 1 Sub Grp 1 0000428161 Loan Paid in Full 0 10.500% 360 7
Group 1 Sub Grp 1 0000428166 Loan Paid in Full 0 10.990% 360 7
Group 1 Sub Grp 1 0000428393 Loan Paid in Full 0 8.140% 360 7
Group 1 Sub Grp 1 0000428677 Loan Paid in Full 0 10.400% 360 8
Group 1 Sub Grp 1 0000428822 Loan Paid in Full 0 8.100% 360 7
Group 1 Sub Grp 1 0000429137 Loan Paid in Full 0 12.250% 120 7
Group 1 Sub Grp 1 0000429188 Loan Paid in Full (1) 11.500% 120 7
Group 1 Sub Grp 1 0000429392 Loan Paid in Full 0 11.250% 240 7
Group 1 Sub Grp 1 0000429465 Loan Paid in Full 0 8.750% 360 7
Group 1 Sub Grp 1 0000429485 Loan Paid in Full 0 6.700% 360 7
Group 1 Sub Grp 1 0000429490 Loan Paid in Full 0 11.000% 360 7
Group 1 Sub Grp 1 0000429684 Loan Paid in Full 0 8.875% 180 7
Group 1 Sub Grp 1 0000429694 Loan Paid in Full 0 6.990% 360 7
Group 1 Sub Grp 1 0000429725 Loan Paid in Full 2 6.800% 360 7
Group 1 Sub Grp 1 0000429934 Loan Paid in Full 0 12.750% 60 7
Group 1 Sub Grp 1 0000429970 Loan Paid in Full 0 12.250% 120 7
Group 1 Sub Grp 1 0000430830 Loan Paid in Full 1 7.990% 360 7
Group 1 Sub Grp 1 0000431094 Loan Paid in Full 0 7.150% 360 8
Group 1 Sub Grp 1 0000431298 Loan Paid in Full 0 8.750% 360 7
Group 1 Sub Grp 1 0000431322 Loan Paid in Full 0 6.250% 360 7
Group 1 Sub Grp 1 0000431449 Loan Paid in Full 0 11.990% 360 7
Group 1 Sub Grp 1 0000431947 Loan Paid in Full 0 9.375% 240 7
Group 1 Sub Grp 1 0000432238 Loan Paid in Full 0 9.990% 360 7
Group 1 Sub Grp 1 0000432430 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 1 0000432548 Loan Paid in Full 0 9.750% 360 7
Group 1 Sub Grp 1 0000432598 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 1 0000432651 Loan Paid in Full 0 11.405% 360 7
Group 1 Sub Grp 1 0000432789 Loan Paid in Full 0 6.990% 360 9
Group 1 Sub Grp 1 0000432868 Loan Paid in Full 0 8.400% 360 10
Group 1 Sub Grp 1 0000432977 Loan Paid in Full 0 10.250% 180 5
Group 1 Sub Grp 1 0000433665 Loan Paid in Full 1 10.700% 180 6
Group 1 Sub Grp 2 0000417527 Loan Paid in Full (1) 8.990% 360 7
Group 1 Sub Grp 2 0000421388 Loan Paid in Full 0 5.750% 360 7
Group 1 Sub Grp 2 0000423500 Loan Paid in Full 0 7.400% 360 10
Group 1 Sub Grp 2 0000423674 Loan Paid in Full 0 5.625% 360 8
Group 1 Sub Grp 2 0000423688 Loan Paid in Full 0 6.875% 360 6
Group 1 Sub Grp 2 0000423692 Loan Paid in Full 0 9.250% 360 7
Group 1 Sub Grp 2 0000425059 Loan Paid in Full 0 8.625% 360 6
Group 1 Sub Grp 2 0000425734 Loan Paid in Full 0 7.450% 360 6
Group 1 Sub Grp 2 0000425780 Loan Paid in Full 0 6.250% 360 6
Group 1 Sub Grp 2 0000427262 Loan Paid in Full 0 8.350% 360 7
Group 1 Sub Grp 2 0000427282 Loan Paid in Full 0 8.250% 360 7
Group 1 Sub Grp 2 0000427306 Loan Paid in Full 0 8.100% 360 7
Group 1 Sub Grp 2 0000427332 Loan Paid in Full 0 7.350% 360 7
Group 1 Sub Grp 2 0000427375 Loan Paid in Full 0 6.500% 360 7
Group 1 Sub Grp 2 0000427394 Loan Paid in Full 0 6.800% 360 7
Group 1 Sub Grp 2 0000427417 Loan Paid in Full 0 5.550% 360 7
Group 1 Sub Grp 2 0000427421 Loan Paid in Full 0 5.750% 360 7
Group 1 Sub Grp 2 0000427429 Loan Paid in Full 0 7.750% 360 7
Group 1 Sub Grp 2 0000427449 Loan Paid in Full 1 8.500% 360 7
Group 1 Sub Grp 2 0000427527 Loan Paid in Full 0 9.900% 360 7
Group 1 Sub Grp 2 0000427557 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 2 0000427562 Loan Paid in Full 0 5.950% 360 7
Group 1 Sub Grp 2 0000427575 Loan Paid in Full 0 10.750% 360 7
Group 1 Sub Grp 2 0000427609 Loan Paid in Full 0 7.750% 360 7
Group 1 Sub Grp 2 0000427701 Loan Paid in Full 0 7.300% 360 7
Group 1 Sub Grp 2 0000427729 Loan Paid in Full 0 7.100% 360 7
Group 1 Sub Grp 2 0000427763 Loan Paid in Full 0 7.550% 360 7
Group 1 Sub Grp 2 0000427847 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 2 0000427864 Loan Paid in Full 0 8.850% 360 7
Group 1 Sub Grp 2 0000427922 Loan Paid in Full 0 7.750% 360 7
Group 1 Sub Grp 2 0000427969 Loan Paid in Full 0 6.900% 360 11
Group 1 Sub Grp 2 0000428053 Loan Paid in Full 0 5.500% 360 7
Group 1 Sub Grp 2 0000428074 Loan Paid in Full 0 8.200% 360 7
Group 1 Sub Grp 2 0000428089 Loan Paid in Full 0 8.000% 360 7
Group 1 Sub Grp 2 0000428150 Loan Paid in Full 0 5.990% 360 7
Group 1 Sub Grp 2 0000428162 Loan Paid in Full (1) 6.500% 360 7
Group 1 Sub Grp 2 0000428182 Loan Paid in Full 0 8.300% 360 7
Group 1 Sub Grp 2 0000428221 Loan Paid in Full 0 5.750% 360 7
Group 1 Sub Grp 2 0000428228 Loan Paid in Full 0 6.990% 360 7
Group 1 Sub Grp 2 0000428245 Loan Paid in Full 0 6.850% 360 7
Group 1 Sub Grp 2 0000428282 Loan Paid in Full 0 7.100% 360 7
Group 1 Sub Grp 2 0000428413 Loan Paid in Full 0 7.250% 360 7
Group 1 Sub Grp 2 0000428419 Loan Paid in Full 0 6.950% 360 7
Group 1 Sub Grp 2 0000428477 Loan Paid in Full 1 8.300% 360 7
Group 1 Sub Grp 2 0000428620 Loan Paid in Full 0 6.950% 360 7
Group 1 Sub Grp 2 0000428739 Loan Paid in Full 0 6.000% 360 7
Group 1 Sub Grp 2 0000428891 Loan Paid in Full 0 6.500% 360 9
Group 1 Sub Grp 2 0000428999 Loan Paid in Full 0 7.100% 360 7
Group 1 Sub Grp 2 0000429016 Loan Paid in Full 0 7.450% 360 7
Group 1 Sub Grp 2 0000429142 Loan Paid in Full 0 8.000% 360 7
Group 1 Sub Grp 2 0000429206 Loan Paid in Full 2 6.650% 360 7
Group 1 Sub Grp 2 0000429250 Loan Paid in Full (1) 7.100% 360 7
Group 1 Sub Grp 2 0000429285 Loan Paid in Full 0 6.600% 360 7
Group 1 Sub Grp 2 0000429355 Loan Paid in Full 0 7.150% 360 7
Group 1 Sub Grp 2 0000429451 Loan Paid in Full 0 7.850% 360 7
Group 1 Sub Grp 2 0000429464 Loan Paid in Full 0 7.600% 360 7
Group 1 Sub Grp 2 0000429494 Loan Paid in Full 0 8.200% 360 7
Group 1 Sub Grp 2 0000429499 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 2 0000429519 Loan Paid in Full 0 7.250% 360 7
Group 1 Sub Grp 2 0000429607 Loan Paid in Full 0 8.200% 360 7
Group 1 Sub Grp 2 0000429610 Loan Paid in Full 0 9.050% 360 7
Group 1 Sub Grp 2 0000429693 Loan Paid in Full 0 6.700% 360 7
Group 1 Sub Grp 2 0000429706 Loan Paid in Full 0 8.450% 360 7
Group 1 Sub Grp 2 0000429711 Loan Paid in Full 0 7.800% 360 7
Group 1 Sub Grp 2 0000429861 Loan Paid in Full 0 6.100% 360 7
Group 1 Sub Grp 2 0000429962 Loan Paid in Full 0 8.500% 360 7
Group 1 Sub Grp 2 0000429966 Loan Paid in Full 1 8.050% 360 7
Group 1 Sub Grp 2 0000429999 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 2 0000430002 Loan Paid in Full 0 7.900% 360 7
Group 1 Sub Grp 2 0000430078 Loan Paid in Full 0 7.850% 360 7
Group 1 Sub Grp 2 0000430116 Loan Paid in Full 0 7.450% 360 7
Group 1 Sub Grp 2 0000430198 Loan Paid in Full 0 7.500% 360 7
Group 1 Sub Grp 2 0000430219 Loan Paid in Full 0 8.500% 360 7
Group 1 Sub Grp 2 0000430291 Loan Paid in Full 0 5.700% 360 7
Group 1 Sub Grp 2 0000430395 Loan Paid in Full (1) 6.375% 360 7
Group 1 Sub Grp 2 0000430431 Loan Paid in Full 1 7.300% 360 7
Group 1 Sub Grp 2 0000430542 Loan Paid in Full 0 8.000% 360 7
Group 1 Sub Grp 2 0000430725 Loan Paid in Full 0 6.990% 360 7
Group 1 Sub Grp 2 0000430751 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 2 0000430775 Loan Paid in Full 0 7.490% 360 7
Group 1 Sub Grp 2 0000430847 Loan Paid in Full 1 8.750% 360 7
Group 1 Sub Grp 2 0000431014 Loan Paid in Full 0 6.450% 360 7
Group 1 Sub Grp 2 0000431035 Loan Paid in Full 0 7.850% 360 7
Group 1 Sub Grp 2 0000431245 Loan Paid in Full 1 11.750% 360 10
Group 1 Sub Grp 2 0000431349 Loan Paid in Full 0 6.800% 360 7
Group 1 Sub Grp 2 0000431354 Loan Paid in Full 0 7.500% 360 7
Group 1 Sub Grp 2 0000431361 Loan Paid in Full 0 6.500% 360 7
Group 1 Sub Grp 2 0000431383 Loan Paid in Full 0 6.950% 360 7
Group 1 Sub Grp 2 0000431415 Loan Paid in Full 0 6.450% 360 7
Group 1 Sub Grp 2 0000431482 Loan Paid in Full 0 6.090% 360 7
Group 1 Sub Grp 2 0000431534 Loan Paid in Full 0 5.120% 360 7
Group 1 Sub Grp 2 0000431568 Loan Paid in Full 0 7.990% 360 7
Group 1 Sub Grp 2 0000431583 Loan Paid in Full 0 10.750% 360 7
Group 1 Sub Grp 2 0000431602 Loan Paid in Full 0 7.850% 360 7
Group 1 Sub Grp 2 0000431609 Loan Paid in Full 0 8.000% 360 7
Group 1 Sub Grp 2 0000431693 Loan Paid in Full 0 7.990% 360 7
Group 1 Sub Grp 2 0000431840 Loan Paid in Full 0 5.750% 360 7
Group 1 Sub Grp 2 0000431900 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 2 0000431905 Loan Paid in Full 0 6.750% 360 7
Group 1 Sub Grp 2 0000431958 Loan Paid in Full 0 6.050% 360 7
Group 1 Sub Grp 2 0000431995 Loan Paid in Full 0 5.990% 360 7
Group 1 Sub Grp 2 0000432001 Loan Paid in Full 5 9.400% 360 7
Group 1 Sub Grp 2 0000432060 Loan Paid in Full 1 10.650% 360 7
Group 1 Sub Grp 2 0000432061 Loan Paid in Full 0 5.650% 360 7
Group 1 Sub Grp 2 0000432144 Loan Paid in Full 0 6.250% 360 7
Group 1 Sub Grp 2 0000432293 Loan Paid in Full (1) 6.500% 360 7
Group 1 Sub Grp 2 0000432364 Loan Paid in Full 0 6.990% 360 7
Group 1 Sub Grp 2 0000432413 Loan Paid in Full 0 7.950% 360 7
Group 1 Sub Grp 2 0000432449 Loan Paid in Full 0 6.375% 360 7
Group 1 Sub Grp 2 0000432483 Loan Paid in Full 0 6.150% 360 7
Group 1 Sub Grp 2 0000432590 Loan Paid in Full 0 5.800% 360 7
Group 1 Sub Grp 2 0000432613 Loan Paid in Full 0 6.750% 360 8
Group 1 Sub Grp 2 0000432643 Loan Paid in Full 0 7.250% 360 8
Group 1 Sub Grp 2 0000432652 Loan Paid in Full 0 6.950% 360 7
Group 1 Sub Grp 2 0000432660 Loan Paid in Full 1 6.050% 360 7
Group 1 Sub Grp 2 0000432700 Loan Paid in Full 0 8.750% 360 8
Group 1 Sub Grp 2 0000432705 Loan Paid in Full 0 6.990% 360 8
Group 1 Sub Grp 2 0000432708 Loan Paid in Full 0 5.500% 360 8
Group 1 Sub Grp 2 0000432751 Loan Paid in Full 1 10.550% 360 7
Group 1 Sub Grp 2 0000432769 Loan Paid in Full 0 7.000% 360 10
Group 1 Sub Grp 2 0000432808 Loan Paid in Full 0 10.850% 360 9
Group 1 Sub Grp 2 0000432833 Loan Paid in Full 0 7.250% 360 9
Group 1 Sub Grp 2 0000432844 Loan Paid in Full 0 7.400% 360 9
Group 1 Sub Grp 2 0000432858 Loan Paid in Full 0 6.950% 360 9
Group 1 Sub Grp 2 0000432989 Loan Paid in Full 0 8.650% 360 6
Group 1 Sub Grp 2 0000432994 Loan Paid in Full 0 9.550% 360 6
Group 1 Sub Grp 2 0000433003 Loan Paid in Full 0 8.050% 360 6
Group 1 Sub Grp 2 0000433019 Loan Paid in Full 0 7.000% 360 5
Group 1 Sub Grp 2 0000433159 Loan Paid in Full 2 8.600% 360 6
Group 1 Sub Grp 2 0000433320 Loan Paid in Full 0 6.475% 360 6
Group 1 Sub Grp 2 0000433710 Loan Paid in Full 1 5.950% 360 6
Group 1 Sub Grp 2 0000433731 Loan Paid in Full 0 5.650% 360 6
Group 2 Sub Grp 1 0000424847 Loan Paid in Full 0 9.750% 180 7
Group 2 Sub Grp 1 0000427412 Loan Paid in Full (1) 8.875% 360 7
Group 2 Sub Grp 1 0000427730 Loan Paid in Full 0 10.875% 360 7
Group 2 Sub Grp 1 0000427986 Loan Paid in Full 0 8.875% 360 7
Group 2 Sub Grp 1 0000428554 Loan Paid in Full 0 11.625% 360 7
Group 2 Sub Grp 1 0000428985 Loan Paid in Full 0 10.625% 360 7
Group 2 Sub Grp 1 0000431375 Loan Paid in Full 0 8.990% 360 7
Group 2 Sub Grp 1 0000431511 Loan Paid in Full 0 10.500% 360 7
Group 2 Sub Grp 1 0000431843 Loan Paid in Full 0 5.990% 360 7
Group 2 Sub Grp 1 0000431857 Loan Paid in Full 0 10.500% 360 7
Group 2 Sub Grp 1 0000432210 Loan Paid in Full 0 9.749% 360 7
Group 2 Sub Grp 2 0000424830 Loan Paid in Full (1) 6.875% 360 9
Group 2 Sub Grp 2 0000427456 Loan Paid in Full 0 6.200% 360 7
Group 2 Sub Grp 2 0000427913 Loan Paid in Full 0 10.300% 360 7
Group 2 Sub Grp 2 0000427938 Loan Paid in Full 0 7.475% 360 9
Group 2 Sub Grp 2 0000427967 Loan Paid in Full 1 7.700% 360 11
Group 2 Sub Grp 2 0000428003 Loan Paid in Full 0 5.300% 360 7
Group 2 Sub Grp 2 0000428294 Loan Paid in Full 0 9.000% 360 7
Group 2 Sub Grp 2 0000428466 Loan Paid in Full 0 10.990% 360 7
Group 2 Sub Grp 2 0000428665 Loan Paid in Full 0 6.450% 360 8
Group 2 Sub Grp 2 0000428767 Loan Paid in Full 0 6.150% 360 8
Group 2 Sub Grp 2 0000429032 Loan Paid in Full 0 5.650% 360 7
Group 2 Sub Grp 2 0000431315 Loan Paid in Full 0 6.450% 360 7
Group 2 Sub Grp 2 0000431403 Loan Paid in Full 0 6.500% 360 7
Group 2 Sub Grp 2 0000431526 Loan Paid in Full 0 6.990% 360 7
Group 2 Sub Grp 2 0000431572 Loan Paid in Full 0 7.550% 360 7
Group 2 Sub Grp 2 0000431627 Loan Paid in Full 0 6.000% 360 7
Group 2 Sub Grp 2 0000431861 Loan Paid in Full 0 6.500% 360 7
Group 2 Sub Grp 2 0000432218 Loan Paid in Full 0 6.950% 360 7
Group 2 Sub Grp 2 0000432536 Loan Paid in Full 0 8.285% 360 8
Group 2 Sub Grp 2 0000432610 Loan Paid in Full 0 7.250% 360 7
Group 2 Sub Grp 2 0000433153 Loan Paid in Full 0 8.500% 360 6
Group 2 Sub Grp 2 0000433674 Loan Paid in Full 0 6.500% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.802% Current Month 37.192% Current Month 2,630.329%
3 Month Average 3.592% 3 Month Average 35.496% 3 Month Average 2,950.770%
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 13.629% N/A Apr-2005 3,262.340% N/A
May-2005 16.917% N/A May-2005 2,739.985% N/A
Jun-2005 14.099% N/A Jun-2005 1,726.111% N/A
Jul-2005 32.308% N/A Jul-2005 3,178.657% N/A
Aug-2005 36.988% N/A Aug-2005 3,043.325% N/A
Sep-2005 37.192% N/A Sep-2005 2,630.329% 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.
Group 1 Sub Grp 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.992% Current Month 30.547% Current Month 2,153.298%
3 Month Average 2.362% 3 Month Average 24.836% 3 Month Average 2,034.163%
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 5.711% N/A Apr-2005 1,357.217% N/A
May-2005 9.200% N/A May-2005 1,481.662% N/A
Jun-2005 11.859% N/A Jun-2005 1,445.702% N/A
Jul-2005 21.639% N/A Jul-2005 2,120.367% N/A
Aug-2005 22.323% N/A Aug-2005 1,828.823% N/A
Sep-2005 30.547% N/A Sep-2005 2,153.298% 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.
Group 1 Sub Grp 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.990% Current Month 38.652% Current Month 2,727.170%
3 Month Average 3.801% 3 Month Average 37.172% 3 Month Average 3,089.793%
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 13.960% N/A Apr-2005 3,317.870% N/A
May-2005 14.716% N/A May-2005 2,371.402% N/A
Jun-2005 14.331% N/A Jun-2005 1,748.030% N/A
Jul-2005 34.911% N/A Jul-2005 3,426.262% N/A
Aug-2005 37.953% N/A Aug-2005 3,115.948% N/A
Sep-2005 38.652% N/A Sep-2005 2,727.170% 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.
Group 2 Sub Grp 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.334% Current Month 33.428% Current Month 2,360.478%
3 Month Average 3.222% 3 Month Average 31.051% 3 Month Average 2,487.667%
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 2.987% N/A Apr-2005 714.922% N/A
May-2005 16.613% N/A May-2005 2,692.925% N/A
Jun-2005 6.942% N/A Jun-2005 849.275% N/A
Jul-2005 11.812% N/A Jul-2005 1,161.287% N/A
Aug-2005 47.912% N/A Aug-2005 3,941.235% N/A
Sep-2005 33.428% N/A Sep-2005 2,360.478% 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.
Group 2 Sub Grp 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.761% Current Month 36.875% Current Month 2,628.823%
3 Month Average 3.664% 3 Month Average 36.065% 3 Month Average 3,025.697%
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 17.617% N/A Apr-2005 4,310.997% N/A
May-2005 25.495% N/A May-2005 4,195.522% N/A
Jun-2005 15.589% N/A Jun-2005 1,931.209% N/A
Jul-2005 32.778% N/A Jul-2005 3,252.393% N/A
Aug-2005 38.541% N/A Aug-2005 3,195.875% N/A
Sep-2005 36.875% N/A Sep-2005 2,628.823% 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>
Group 1 Sub Grp 1 0 0.00 0.00 0.000%
Group 1 Sub Grp 2 0 0.00 0.00 0.000%
Group 2 Sub Grp 1 0 0.00 0.00 0.000%
Group 2 Sub Grp 2 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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1 Sub Grp 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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1 Sub Grp 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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2 Sub Grp 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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2 Sub Grp 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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>