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-RM2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-02
Pooling and Servicing Agreement) (Commission 54-2173199
(State or other File Number) 54-2173200
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-RM2 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-RM2 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-RM2 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-RM2 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 2005-RM2
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-1A 004421NQ2 SEN 3.87125% 193,769,899.60 666,783.75
A-1B 004421NR0 SEN 3.90125% 48,442,474.90 167,987.74
A-2A 004421NS8 SEN 3.73125% 68,297,089.75 226,518.68
A-2B 004421PG2 SEN 3.84125% 50,184,000.00 171,350.48
A-2C 004421PH0 SEN 3.89125% 12,963,000.00 44,837.58
A-2D 004421PJ6 SEN 3.99125% 33,778,000.00 119,836.84
M-1 004421NT6 MEZ 4.08125% 20,952,000.00 76,009.20
M-2 004421NU3 MEZ 4.09125% 18,686,000.00 67,954.75
M-3 004421NV1 MEZ 4.11125% 11,042,000.00 40,352.38
M-4 004421NW9 MEZ 4.27125% 10,193,000.00 38,699.42
M-5 004421NX7 MEZ 4.30125% 9,626,000.00 36,803.41
M-6 004421NY5 MEZ 4.33125% 9,343,000.00 35,970.55
M-7 004421NZ2 MEZ 4.84125% 7,644,000.00 32,894.68
M-8 004421PA5 MEZ 4.94125% 5,946,000.00 26,116.15
M-9 004421PB3 MEZ 5.34125% 5,379,000.00 25,538.30
P ACE05RM2P SEN 0.00000% 100.00 327,645.24
M-10 004421PC1 MEZ 6.64125% 5,096,000.00 30,083.39
M-11 004421PD9 MEZ 6.64125% 5,663,000.00 33,430.58
B-1 004421PE7 SEN 6.64125% 8,777,000.00 51,813.56
B-2 004421PF4 SEN 6.64125% 6,229,000.00 36,771.86
CE AC05RM2CE SEN 0.00000% 6,511,954.80 1,125,433.60
R ACE05RM2R SEN 0.00000% 0.00 0.00
Totals 538,522,519.05 3,382,832.14
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1A 8,620,906.17 0.00 185,148,993.43 9,287,689.92 0.00
A-1B 2,155,226.54 0.00 46,287,248.36 2,323,214.28 0.00
A-2A 5,050,154.89 0.00 63,246,934.86 5,276,673.57 0.00
A-2B 0.00 0.00 50,184,000.00 171,350.48 0.00
A-2C 0.00 0.00 12,963,000.00 44,837.58 0.00
A-2D 0.00 0.00 33,778,000.00 119,836.84 0.00
M-1 0.00 0.00 20,952,000.00 76,009.20 0.00
M-2 0.00 0.00 18,686,000.00 67,954.75 0.00
M-3 0.00 0.00 11,042,000.00 40,352.38 0.00
M-4 0.00 0.00 10,193,000.00 38,699.42 0.00
M-5 0.00 0.00 9,626,000.00 36,803.41 0.00
M-6 0.00 0.00 9,343,000.00 35,970.55 0.00
M-7 0.00 0.00 7,644,000.00 32,894.68 0.00
M-8 0.00 0.00 5,946,000.00 26,116.15 0.00
M-9 0.00 0.00 5,379,000.00 25,538.30 0.00
P 0.00 0.00 100.00 327,645.24 0.00
M-10 0.00 0.00 5,096,000.00 30,083.39 0.00
M-11 0.00 0.00 5,663,000.00 33,430.58 0.00
B-1 0.00 0.00 8,777,000.00 51,813.56 0.00
B-2 0.00 0.00 6,229,000.00 36,771.86 0.00
CE 0.00 0.00 6,511,954.80 1,125,433.60 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 15,826,287.60 0.00 522,696,231.45 19,209,119.74 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-1A 206,792,000.00 193,769,899.60 0.00 8,620,906.17 0.00 0.00
A-1B 51,698,000.00 48,442,474.90 0.00 2,155,226.54 0.00 0.00
A-2A 79,753,000.00 68,297,089.75 0.00 5,050,154.89 0.00 0.00
A-2B 50,184,000.00 50,184,000.00 0.00 0.00 0.00 0.00
A-2C 12,963,000.00 12,963,000.00 0.00 0.00 0.00 0.00
A-2D 33,778,000.00 33,778,000.00 0.00 0.00 0.00 0.00
M-1 20,952,000.00 20,952,000.00 0.00 0.00 0.00 0.00
M-2 18,686,000.00 18,686,000.00 0.00 0.00 0.00 0.00
M-3 11,042,000.00 11,042,000.00 0.00 0.00 0.00 0.00
M-4 10,193,000.00 10,193,000.00 0.00 0.00 0.00 0.00
M-5 9,626,000.00 9,626,000.00 0.00 0.00 0.00 0.00
M-6 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00
M-7 7,644,000.00 7,644,000.00 0.00 0.00 0.00 0.00
M-8 5,946,000.00 5,946,000.00 0.00 0.00 0.00 0.00
M-9 5,379,000.00 5,379,000.00 0.00 0.00 0.00 0.00
M-10 5,096,000.00 5,096,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
M-11 5,663,000.00 5,663,000.00 0.00 0.00 0.00 0.00
B-1 8,777,000.00 8,777,000.00 0.00 0.00 0.00 0.00
B-2 6,229,000.00 6,229,000.00 0.00 0.00 0.00 0.00
CE 6,512,839.08 6,511,954.80 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 566,256,939.08 538,522,519.05 0.00 15,826,287.60 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-1A 8,620,906.17 185,148,993.43 0.89533925 8,620,906.17
A-1B 2,155,226.54 46,287,248.36 0.89533925 2,155,226.54
A-2A 5,050,154.89 63,246,934.86 0.79303518 5,050,154.89
A-2B 0.00 50,184,000.00 1.00000000 0.00
A-2C 0.00 12,963,000.00 1.00000000 0.00
A-2D 0.00 33,778,000.00 1.00000000 0.00
M-1 0.00 20,952,000.00 1.00000000 0.00
M-2 0.00 18,686,000.00 1.00000000 0.00
M-3 0.00 11,042,000.00 1.00000000 0.00
M-4 0.00 10,193,000.00 1.00000000 0.00
M-5 0.00 9,626,000.00 1.00000000 0.00
M-6 0.00 9,343,000.00 1.00000000 0.00
M-7 0.00 7,644,000.00 1.00000000 0.00
M-8 0.00 5,946,000.00 1.00000000 0.00
M-9 0.00 5,379,000.00 1.00000000 0.00
M-10 0.00 5,096,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
M-11 0.00 5,663,000.00 1.00000000 0.00
B-1 0.00 8,777,000.00 1.00000000 0.00
B-2 0.00 6,229,000.00 1.00000000 0.00
CE 0.00 6,511,954.80 0.99986423 0.00
R 0.00 0.00 0.00000000 0.00
Totals 15,826,287.60 522,696,231.45 0.92307254 15,826,287.60
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-1A 206,792,000.00 937.02802623 0.00000000 41.68877989 0.00000000
A-1B 51,698,000.00 937.02802623 0.00000000 41.68877984 0.00000000
A-2A 79,753,000.00 856.35762605 0.00000000 63.32244417 0.00000000
A-2B 50,184,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 12,963,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2D 33,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 20,952,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 18,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 11,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 10,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 9,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 7,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 5,946,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 5,379,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 5,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,663,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 8,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 6,229,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 6,512,839.08 999.86422511 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-1A 0.00000000 41.68877989 895.33924634 0.89533925 41.68877989
A-1B 0.00000000 41.68877984 895.33924639 0.89533925 41.68877984
A-2A 0.00000000 63.32244417 793.03518187 0.79303518 63.32244417
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
A-2D 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
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-11 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 999.86422511 0.99986423 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-1A 206,792,000.00 3.87125% 193,769,899.60 666,783.75 0.00 0.00
A-1B 51,698,000.00 3.90125% 48,442,474.90 167,987.74 0.00 0.00
A-2A 79,753,000.00 3.73125% 68,297,089.75 226,518.68 0.00 0.00
A-2B 50,184,000.00 3.84125% 50,184,000.00 171,350.48 0.00 0.00
A-2C 12,963,000.00 3.89125% 12,963,000.00 44,837.58 0.00 0.00
A-2D 33,778,000.00 3.99125% 33,778,000.00 119,836.84 0.00 0.00
M-1 20,952,000.00 4.08125% 20,952,000.00 76,009.20 0.00 0.00
M-2 18,686,000.00 4.09125% 18,686,000.00 67,954.75 0.00 0.00
M-3 11,042,000.00 4.11125% 11,042,000.00 40,352.38 0.00 0.00
M-4 10,193,000.00 4.27125% 10,193,000.00 38,699.42 0.00 0.00
M-5 9,626,000.00 4.30125% 9,626,000.00 36,803.41 0.00 0.00
M-6 9,343,000.00 4.33125% 9,343,000.00 35,970.55 0.00 0.00
M-7 7,644,000.00 4.84125% 7,644,000.00 32,894.68 0.00 0.00
M-8 5,946,000.00 4.94125% 5,946,000.00 26,116.15 0.00 0.00
M-9 5,379,000.00 5.34125% 5,379,000.00 25,538.30 0.00 0.00
M-10 5,096,000.00 6.64125% 5,096,000.00 30,083.39 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
M-11 5,663,000.00 6.64125% 5,663,000.00 33,430.58 0.00 0.00
B-1 8,777,000.00 6.64125% 8,777,000.00 51,813.56 0.00 0.00
B-2 6,229,000.00 6.64125% 6,229,000.00 36,771.86 0.00 0.00
CE 6,512,839.08 0.00000% 6,511,954.80 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 566,256,939.08 1,929,753.30 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-1A 0.00 0.00 666,783.75 0.00 185,148,993.43
A-1B 0.00 0.00 167,987.74 0.00 46,287,248.36
A-2A 0.00 0.00 226,518.68 0.00 63,246,934.86
A-2B 0.00 0.00 171,350.48 0.00 50,184,000.00
A-2C 0.00 0.00 44,837.58 0.00 12,963,000.00
A-2D 0.00 0.00 119,836.84 0.00 33,778,000.00
M-1 0.00 0.00 76,009.20 0.00 20,952,000.00
M-2 0.00 0.00 67,954.75 0.00 18,686,000.00
M-3 0.00 0.00 40,352.38 0.00 11,042,000.00
M-4 0.00 0.00 38,699.42 0.00 10,193,000.00
M-5 0.00 0.00 36,803.41 0.00 9,626,000.00
M-6 0.00 0.00 35,970.55 0.00 9,343,000.00
M-7 0.00 0.00 32,894.68 0.00 7,644,000.00
M-8 0.00 0.00 26,116.15 0.00 5,946,000.00
M-9 0.00 0.00 25,538.30 0.00 5,379,000.00
M-10 0.00 0.00 30,083.39 0.00 5,096,000.00
P 0.00 0.00 327,645.24 0.00 100.00
M-11 0.00 0.00 33,430.58 0.00 5,663,000.00
B-1 0.00 0.00 51,813.56 0.00 8,777,000.00
B-2 0.00 0.00 36,771.86 0.00 6,229,000.00
CE 0.00 0.00 1,125,433.60 0.00 6,511,954.80
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,382,832.14 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-1A 206,792,000.00 3.87125% 937.02802623 3.22441753 0.00000000 0.00000000
A-1B 51,698,000.00 3.90125% 937.02802623 3.24940501 0.00000000 0.00000000
A-2A 79,753,000.00 3.73125% 856.35762605 2.84025278 0.00000000 0.00000000
A-2B 50,184,000.00 3.84125% 1000.00000000 3.41444444 0.00000000 0.00000000
A-2C 12,963,000.00 3.89125% 1000.00000000 3.45888915 0.00000000 0.00000000
A-2D 33,778,000.00 3.99125% 1000.00000000 3.54777784 0.00000000 0.00000000
M-1 20,952,000.00 4.08125% 1000.00000000 3.62777778 0.00000000 0.00000000
M-2 18,686,000.00 4.09125% 1000.00000000 3.63666649 0.00000000 0.00000000
M-3 11,042,000.00 4.11125% 1000.00000000 3.65444485 0.00000000 0.00000000
M-4 10,193,000.00 4.27125% 1000.00000000 3.79666634 0.00000000 0.00000000
M-5 9,626,000.00 4.30125% 1000.00000000 3.82333368 0.00000000 0.00000000
M-6 9,343,000.00 4.33125% 1000.00000000 3.85000000 0.00000000 0.00000000
M-7 7,644,000.00 4.84125% 1000.00000000 4.30333333 0.00000000 0.00000000
M-8 5,946,000.00 4.94125% 1000.00000000 4.39222166 0.00000000 0.00000000
M-9 5,379,000.00 5.34125% 1000.00000000 4.74777840 0.00000000 0.00000000
M-10 5,096,000.00 6.64125% 1000.00000000 5.90333399 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,663,000.00 6.64125% 1000.00000000 5.90333392 0.00000000 0.00000000
B-1 8,777,000.00 6.64125% 1000.00000000 5.90333371 0.00000000 0.00000000
B-2 6,229,000.00 6.64125% 1000.00000000 5.90333280 0.00000000 0.00000000
CE 6,512,839.08 0.00000% 999.86422511 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-1A 0.00000000 0.00000000 3.22441753 0.00000000 895.33924634
A-1B 0.00000000 0.00000000 3.24940501 0.00000000 895.33924639
A-2A 0.00000000 0.00000000 2.84025278 0.00000000 793.03518187
A-2B 0.00000000 0.00000000 3.41444444 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.45888915 0.00000000 1000.00000000
A-2D 0.00000000 0.00000000 3.54777784 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.62777778 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.63666649 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.65444485 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.79666634 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.82333368 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.85000000 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.30333333 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.39222166 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.74777840 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 5.90333399 0.00000000 1000.00000000
P 0.00000000 0.00000000 3276452.40000000 0.00000000 1000.00000000
M-11 0.00000000 0.00000000 5.90333392 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.90333371 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 5.90333280 0.00000000 1000.00000000
CE 0.00000000 0.00000000 172.80230421 0.00000000 999.86422511
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 19,214,744.01
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 76,511.58
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 327,645.24
Total Deposits 19,618,900.83
Withdrawals
Reimbursement for Servicer Advances 175,299.39
Payment of Service Fee 234,481.70
Payment of Interest and Principal 19,209,119.74
Total Withdrawals (Pool Distribution Amount) 19,618,900.83
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 224,384.39
Credit Risk Manager Fee - The Murrayhill Company 6,731.54
Master Servicing Fee: Wells Fargo Bank 3,365.77
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 234,481.70
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 5,928.17 5,928.17 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 42 0 0 0 42
6,708,813.39 0.00 0.00 0.00 6,708,813.39
60 Days 30 0 0 0 30
4,570,123.84 0.00 0.00 0.00 4,570,123.84
90 Days 2 0 0 0 2
276,537.53 0.00 0.00 0.00 276,537.53
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 74 0 0 0 74
11,555,474.76 0.00 0.00 0.00 11,555,474.76
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 1.306376% 0.000000% 0.000000% 0.000000% 1.306376%
1.283257% 0.000000% 0.000000% 0.000000% 1.283257%
60 Days 0.933126% 0.000000% 0.000000% 0.000000% 0.933126%
0.874170% 0.000000% 0.000000% 0.000000% 0.874170%
90 Days 0.062208% 0.000000% 0.000000% 0.000000% 0.062208%
0.052896% 0.000000% 0.000000% 0.000000% 0.052896%
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 2.301711% 0.000000% 0.000000% 0.000000% 2.301711%
2.210323% 0.000000% 0.000000% 0.000000% 2.210323%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP I 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 8 0 0 0 8
429,663.87 0.00 0.00 0.00 429,663.87
60 Days 6 0 0 0 6
324,828.52 0.00 0.00 0.00 324,828.52
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 14 0 0 0 14
754,492.39 0.00 0.00 0.00 754,492.39
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.126761% 0.000000% 0.000000% 0.000000% 1.126761%
0.989921% 0.000000% 0.000000% 0.000000% 0.989921%
60 Days 0.845070% 0.000000% 0.000000% 0.000000% 0.845070%
0.748386% 0.000000% 0.000000% 0.000000% 0.748386%
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 1.971831% 0.000000% 0.000000% 0.000000% 1.971831%
1.738307% 0.000000% 0.000000% 0.000000% 1.738307%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP II 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 25 0 0 0 25
4,776,120.16 0.00 0.00 0.00 4,776,120.16
60 Days 16 0 0 0 16
3,187,578.87 0.00 0.00 0.00 3,187,578.87
90 Days 1 0 0 0 1
212,361.70 0.00 0.00 0.00 212,361.70
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 42 0 0 0 42
8,176,060.73 0.00 0.00 0.00 8,176,060.73
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.715854% 0.000000% 0.000000% 0.000000% 1.715854%
1.795686% 0.000000% 0.000000% 0.000000% 1.795686%
60 Days 1.098147% 0.000000% 0.000000% 0.000000% 1.098147%
1.198439% 0.000000% 0.000000% 0.000000% 1.198439%
90 Days 0.068634% 0.000000% 0.000000% 0.000000% 0.068634%
0.079842% 0.000000% 0.000000% 0.000000% 0.079842%
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 2.882636% 0.000000% 0.000000% 0.000000% 2.882636%
3.073967% 0.000000% 0.000000% 0.000000% 3.073967%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP III No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 6 0 0 0 6
422,074.25 0.00 0.00 0.00 422,074.25
60 Days 6 0 0 0 6
377,358.03 0.00 0.00 0.00 377,358.03
90 Days 1 0 0 0 1
64,175.83 0.00 0.00 0.00 64,175.83
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 13 0 0 0 13
863,608.11 0.00 0.00 0.00 863,608.11
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.376147% 0.000000% 0.000000% 0.000000% 1.376147%
1.393595% 0.000000% 0.000000% 0.000000% 1.393595%
60 Days 1.376147% 0.000000% 0.000000% 0.000000% 1.376147%
1.245952% 0.000000% 0.000000% 0.000000% 1.245952%
90 Days 0.229358% 0.000000% 0.000000% 0.000000% 0.229358%
0.211894% 0.000000% 0.000000% 0.000000% 0.211894%
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 2.981651% 0.000000% 0.000000% 0.000000% 2.981651%
2.851442% 0.000000% 0.000000% 0.000000% 2.851442%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP IV No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
1,080,955.11 0.00 0.00 0.00 1,080,955.11
60 Days 2 0 0 0 2
680,358.42 0.00 0.00 0.00 680,358.42
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
1,761,313.53 0.00 0.00 0.00 1,761,313.53
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.490196% 0.000000% 0.000000% 0.000000% 0.490196%
0.590274% 0.000000% 0.000000% 0.000000% 0.590274%
60 Days 0.326797% 0.000000% 0.000000% 0.000000% 0.326797%
0.371521% 0.000000% 0.000000% 0.000000% 0.371521%
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 0.816993% 0.000000% 0.000000% 0.000000% 0.816993%
0.961795% 0.000000% 0.000000% 0.000000% 0.961795%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 76,511.58
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 I 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 II 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 III 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 IV 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.
GROUP I 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 II 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 III 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 IV 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 & Arm
Weighted Average Coupon Rate 7.335940%
Weighted Average Net Rate 6.835940%
Weighted Average Pass Through Rate 6.813440%
Weighted Average Maturity 339
Record Date 08/31/2005
Principal and Interest Constant 3,541,070.07
Beginning Loan Count 3,293
Loans Paid in Full 78
Ending Loan Count 3,215
Beginning Scheduled Balance 538,522,519.05
Ending Scheduled Balance 522,696,231.45
Ending Actual Balance at 31-Aug-2005 522,795,731.24
Scheduled Principal 248,929.26
Unscheduled Principal 15,577,358.34
Scheduled Interest 3,292,140.81
Servicing Fee 224,384.39
Master Servicing Fee 3,365.77
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,731.54
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 3,057,659.11
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 327,645.24
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 6,511,954.80
Overcollateralized Amount 6,511,954.80
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement % 0.250792%
Group Level Collateral Statement
Group GROUP I GROUP II GROUP III
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 8.796940 7.152275 9.691679
Weighted Average Net Rate 8.296940 6.652275 9.191679
Weighted Average Maturity 258 354 198
Beginning Loan Count 720 1,504 441
Loans Paid In Full 10 47 5
Ending Loan Count 710 1,457 436
Beginning Scheduled Balance 43,974,074.74 276,104,424.21 30,592,957.81
Ending Scheduled Balance 43,395,180.23 265,907,186.01 30,282,660.74
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 352,641.67 1,818,674.37 261,410.65
Scheduled Principal 30,277.24 173,028.83 14,329.71
Unscheduled Principal 548,617.27 10,024,209.37 295,967.36
Scheduled Interest 322,364.43 1,645,645.54 247,080.94
Servicing Fees 18,322.53 115,043.51 12,747.07
Master Servicing Fees 274.84 1,725.65 191.21
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 549.68 3,451.31 382.41
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 303,217.38 1,525,425.07 233,760.25
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 8.274440 6.629775 9.169179
Group Level Collateral Statement
Group GROUP IV Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.880237 7.335940
Weighted Average Net Rate 6.380237 6.835940
Weighted Average Maturity 356 339
Beginning Loan Count 628 3,293
Loans Paid In Full 16 78
Ending Loan Count 612 3,215
Beginning Scheduled Balance 187,851,062.29 538,522,519.05
Ending scheduled Balance 183,111,204.47 522,696,231.45
Record Date 08/31/2005 08/31/2005
Principal And Interest Constant 1,108,343.38 3,541,070.07
Scheduled Principal 31,293.48 248,929.26
Unscheduled Principal 4,708,564.34 15,577,358.34
Scheduled Interest 1,077,049.90 3,292,140.81
Servicing Fees 78,271.28 224,384.39
Master Servicing Fees 1,174.07 3,365.77
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,348.14 6,731.54
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 995,256.41 3,057,659.11
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 6.357737 6.813440
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 I 10 550,350.00 548,906.07 0 0.00 0.00
GROUP II 47 10,048,922.00 10,023,134.99 0 0.00 0.00
GROUP III 5 296,200.00 295,478.80 0 0.00 0.00
GROUP IV 16 4,708,415.00 4,704,211.31 0 0.00 0.00
Total 78 15,603,887.00 15,571,731.17 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 I 0 0.00 0.00 0 0.00 0.00 32.44
GROUP II 0 0.00 0.00 0 0.00 0.00 6,992.62
GROUP III 0 0.00 0.00 0 0.00 0.00 619.56
GROUP IV 0 0.00 0.00 0 0.00 0.00 5,309.57
Total 0 0.00 0.00 0 0.00 0.00 12,954.19
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 I 0110440587 WA 100.00 01-Apr-2005 61,000.00 60,843.15
GROUP I 0110440738 CA 100.00 01-Apr-2005 61,200.00 61,039.31
GROUP I 0110443942 UT 100.00 01-May-2005 25,000.00 24,943.11
GROUP I 0110444020 CA 100.00 01-May-2005 66,500.00 66,276.37
GROUP I 0110444073 IL 95.00 01-May-2005 37,050.00 36,941.82
GROUP I 0110444090 MN 100.00 01-Apr-2005 37,800.00 37,706.24
GROUP I 0110450447 KS 100.00 01-May-2005 28,800.00 28,725.78
GROUP I 0110451477 IL 100.00 01-May-2005 41,000.00 40,877.09
GROUP I 0110451478 IL 80.00 01-May-2005 164,000.00 163,310.79
GROUP I 0110452032 TX 100.00 01-May-2005 28,000.00 27,921.17
GROUP II 0110440360 CA 90.00 01-Apr-2005 315,000.00 313,058.49
GROUP II 0110440385 IL 69.23 01-Apr-2005 225,000.00 223,837.04
GROUP II 0110440453 CA 86.54 01-Apr-2005 225,000.00 225,000.00
GROUP II 0110440532 CA 64.52 01-Apr-2005 200,000.00 200,000.00
GROUP II 0110440697 CA 84.57 01-Apr-2005 137,000.00 136,397.09
GROUP II 0110440744 CA 80.00 01-Apr-2005 244,800.00 243,566.36
GROUP II 0110440751 CA 65.00 01-Apr-2005 198,250.00 197,362.10
GROUP II 0110440902 CA 74.72 01-Apr-2005 198,750.00 197,730.62
GROUP II 0110440903 CA 86.67 01-Apr-2005 156,000.00 155,290.15
GROUP II 0110441094 CA 77.25 01-Apr-2005 292,000.00 292,000.00
GROUP II 0110441119 TX 70.83 01-Apr-2005 104,020.00 103,567.79
GROUP II 0110441209 MO 80.00 01-Apr-2005 99,200.00 98,786.77
GROUP II 0110441362 CA 80.00 01-Feb-2005 304,000.00 304,000.00
GROUP II 0110444165 CA 80.00 01-May-2005 259,200.00 258,258.44
GROUP II 0110444174 CA 85.00 01-May-2005 259,250.00 258,110.29
GROUP II 0110444181 TX 95.00 01-May-2005 213,750.00 213,134.98
GROUP II 0110444187 UT 80.00 01-May-2005 100,000.00 99,572.70
GROUP II 0110444211 CA 80.00 01-May-2005 300,000.00 298,948.79
GROUP II 0110444214 CA 75.00 01-May-2005 180,000.00 179,342.66
GROUP II 0110444272 CA 60.00 01-May-2005 231,000.00 229,816.43
GROUP II 0110444302 CA 90.00 01-May-2005 243,000.00 241,497.76
GROUP II 0110444304 CA 69.93 01-May-2005 195,800.00 194,861.23
GROUP II 0110444386 CA 80.00 01-May-2005 266,000.00 265,915.31
GROUP II 0110444513 CA 80.00 01-Apr-2005 320,800.00 319,348.97
GROUP II 0110444516 CA 81.32 01-May-2005 283,000.00 281,936.65
GROUP II 0110444519 IL 28.99 01-Apr-2005 100,000.00 99,558.44
GROUP II 0110444574 IL 80.00 01-May-2005 147,200.00 146,675.86
GROUP II 0110450274 IL 95.00 01-May-2005 177,650.00 177,138.83
GROUP II 0110450277 IL 73.58 01-May-2005 195,000.00 194,202.78
GROUP II 0110450355 CA 85.00 01-May-2005 225,250.00 224,268.84
GROUP II 0110450361 IL 85.00 01-May-2005 157,250.00 156,670.18
GROUP II 0110450448 KS 80.00 01-May-2005 115,200.00 114,778.17
GROUP II 0110450458 IL 85.00 01-May-2005 182,750.00 182,109.62
GROUP II 0110450550 CA 79.31 01-May-2005 230,000.00 228,973.09
GROUP II 0110450692 CA 80.00 01-May-2005 288,000.00 288,000.00
GROUP II 0110450757 MN 95.00 01-May-2005 180,500.00 180,499.94
GROUP II 0110451088 CA 85.00 01-May-2005 229,500.00 228,514.34
GROUP II 0110451090 IL 80.00 01-May-2005 332,000.00 330,750.05
GROUP II 0110451237 CA 57.75 01-May-2005 205,000.00 204,102.26
GROUP II 0110451321 CA 36.60 01-May-2005 280,000.00 280,000.00
GROUP II 0110451325 CT 85.00 01-May-2005 188,700.00 188,034.82
GROUP II 0110451500 CA 85.00 01-May-2005 250,750.00 250,685.61
GROUP II 0110451571 CA 74.74 01-May-2005 213,000.00 212,072.16
GROUP II 0110451667 CA 80.00 01-May-2005 312,000.00 311,999.40
GROUP II 0110451894 FL 85.00 01-May-2005 131,352.00 130,907.19
GROUP II 0110452033 TX 80.00 01-May-2005 112,000.00 111,477.06
GROUP II 0110465483 CA 79.03 01-Jun-2005 245,000.00 244,457.49
GROUP III 0110440821 CA 100.00 01-Apr-2005 31,800.00 31,722.49
GROUP III 0110441158 CA 100.00 01-Apr-2005 51,600.00 51,471.23
GROUP III 0110441361 CA 100.00 01-Feb-2005 76,000.00 75,634.30
GROUP III 0110443929 CA 100.00 01-May-2005 64,800.00 64,682.06
GROUP III 0110450691 CA 100.00 01-May-2005 72,000.00 71,837.72
GROUP IV 0110440506 FL 90.00 01-Apr-2005 216,000.00 216,000.00
GROUP IV 0110440588 WA 80.00 01-Apr-2005 244,000.00 244,000.00
GROUP IV 0110440811 CA 88.63 01-Apr-2005 226,000.00 226,000.00
GROUP IV 0110440984 CA 75.00 01-Apr-2005 375,000.00 373,418.02
GROUP IV 0110441159 CA 80.00 01-Apr-2005 206,400.00 206,400.00
GROUP IV 0110441401 CA 80.00 01-Feb-2005 376,000.00 376,000.00
GROUP IV 0110444392 CA 80.00 01-Apr-2005 436,000.00 436,000.00
GROUP IV 0110444408 WA 80.00 01-May-2005 399,694.00 399,694.00
GROUP IV 0110450568 CA 90.00 01-May-2005 220,500.00 220,506.17
GROUP IV 0110450721 CA 79.69 01-May-2005 255,000.00 255,000.00
GROUP IV 0110450852 CA 94.68 01-May-2005 374,000.00 372,307.46
GROUP IV 0110451093 IL 80.00 01-May-2005 404,000.00 402,155.61
GROUP IV 0110451157 CA 79.80 01-May-2005 391,000.00 390,952.51
GROUP IV 0110451388 CA 75.56 01-May-2005 272,000.00 272,000.00
GROUP IV 0110451804 CA 53.29 01-May-2005 113,500.00 113,500.00
GROUP IV 0110465576 CA 69.21 01-May-2005 199,321.00 199,321.00
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 I 0110440587 Loan Paid in Full 0 10.250% 180 5
GROUP I 0110440738 Loan Paid in Full 0 10.150% 180 5
GROUP I 0110443942 Loan Paid in Full 0 10.000% 180 4
GROUP I 0110444020 Loan Paid in Full 0 9.500% 180 4
GROUP I 0110444073 Loan Paid in Full 0 8.750% 180 4
GROUP I 0110444090 Loan Paid in Full 0 10.420% 180 5
GROUP I 0110450447 Loan Paid in Full 0 9.450% 180 4
GROUP I 0110451477 Loan Paid in Full 0 10.400% 180 4
GROUP I 0110451478 Loan Paid in Full 0 7.000% 360 4
GROUP I 0110452032 Loan Paid in Full 0 9.750% 180 4
GROUP II 0110440360 Loan Paid in Full 0 5.900% 360 5
GROUP II 0110440385 Loan Paid in Full 0 6.820% 360 5
GROUP II 0110440453 Loan Paid in Full 0 7.130% 360 5
GROUP II 0110440532 Loan Paid in Full 0 6.490% 360 5
GROUP II 0110440697 Loan Paid in Full 0 7.650% 360 5
GROUP II 0110440744 Loan Paid in Full 0 6.950% 360 5
GROUP II 0110440751 Loan Paid in Full 1 7.550% 360 5
GROUP II 0110440902 Loan Paid in Full 0 6.900% 360 5
GROUP II 0110440903 Loan Paid in Full 0 7.470% 360 5
GROUP II 0110441094 Loan Paid in Full 0 6.990% 360 5
GROUP II 0110441119 Loan Paid in Full 0 7.700% 360 5
GROUP II 0110441209 Loan Paid in Full 0 7.950% 360 5
GROUP II 0110441362 Loan Paid in Full 1 6.850% 360 7
GROUP II 0110444165 Loan Paid in Full 0 7.670% 360 4
GROUP II 0110444174 Loan Paid in Full 1 6.700% 360 4
GROUP II 0110444181 Loan Paid in Full 1 8.820% 360 4
GROUP II 0110444187 Loan Paid in Full 0 6.880% 360 4
GROUP II 0110444211 Loan Paid in Full 0 7.850% 360 4
GROUP II 0110444214 Loan Paid in Full 0 7.800% 360 4
GROUP II 0110444272 Loan Paid in Full 0 5.900% 360 4
GROUP II 0110444302 Loan Paid in Full 0 7.520% 360 4
GROUP II 0110444304 Loan Paid in Full 0 6.250% 360 4
GROUP II 0110444386 Loan Paid in Full 0 7.500% 360 4
GROUP II 0110444513 Loan Paid in Full 1 7.500% 360 5
GROUP II 0110444516 Loan Paid in Full 0 7.500% 360 4
GROUP II 0110444519 Loan Paid in Full 0 7.670% 360 5
GROUP II 0110444574 Loan Paid in Full 0 7.770% 360 4
GROUP II 0110450274 Loan Paid in Full 0 8.820% 360 4
GROUP II 0110450277 Loan Paid in Full 0 7.770% 360 4
GROUP II 0110450355 Loan Paid in Full 1 6.750% 360 4
GROUP II 0110450361 Loan Paid in Full 0 7.670% 360 4
GROUP II 0110450448 Loan Paid in Full 0 7.630% 360 4
GROUP II 0110450458 Loan Paid in Full 0 7.850% 360 4
GROUP II 0110450550 Loan Paid in Full 0 6.620% 360 4
GROUP II 0110450692 Loan Paid in Full 0 7.020% 360 4
GROUP II 0110450757 Loan Paid in Full 0 7.570% 360 4
GROUP II 0110451088 Loan Paid in Full 1 6.820% 360 4
GROUP II 0110451090 Loan Paid in Full 1 7.490% 360 4
GROUP II 0110451237 Loan Paid in Full 0 6.720% 360 4
GROUP II 0110451321 Loan Paid in Full 0 7.000% 360 4
GROUP II 0110451325 Loan Paid in Full 0 7.820% 360 4
GROUP II 0110451500 Loan Paid in Full 0 6.100% 360 4
GROUP II 0110451571 Loan Paid in Full 0 6.750% 360 4
GROUP II 0110451667 Loan Paid in Full 0 6.990% 360 4
GROUP II 0110451894 Loan Paid in Full 0 8.020% 360 4
GROUP II 0110452033 Loan Paid in Full 0 6.770% 360 4
GROUP II 0110465483 Loan Paid in Full 0 8.990% 360 3
GROUP III 0110440821 Loan Paid in Full 0 10.500% 180 5
GROUP III 0110441158 Loan Paid in Full 0 10.390% 180 5
GROUP III 0110441361 Loan Paid in Full 0 9.650% 180 7
GROUP III 0110443929 Loan Paid in Full 0 10.990% 180 4
GROUP III 0110450691 Loan Paid in Full 0 9.990% 180 4
GROUP IV 0110440506 Loan Paid in Full 0 7.370% 360 5
GROUP IV 0110440588 Loan Paid in Full 0 6.520% 360 5
GROUP IV 0110440811 Loan Paid in Full 2 6.990% 360 5
GROUP IV 0110440984 Loan Paid in Full 2 7.850% 360 5
GROUP IV 0110441159 Loan Paid in Full 0 7.150% 360 5
GROUP IV 0110441401 Loan Paid in Full 0 5.975% 360 7
GROUP IV 0110444392 Loan Paid in Full 0 7.670% 360 5
GROUP IV 0110444408 Loan Paid in Full 0 5.750% 360 4
GROUP IV 0110450568 Loan Paid in Full 0 7.990% 360 4
GROUP IV 0110450721 Loan Paid in Full 0 7.050% 360 4
GROUP IV 0110450852 Loan Paid in Full 0 6.550% 360 4
GROUP IV 0110451093 Loan Paid in Full 0 6.900% 360 4
GROUP IV 0110451157 Loan Paid in Full 0 7.600% 360 4
GROUP IV 0110451388 Loan Paid in Full 0 6.620% 360 4
GROUP IV 0110451804 Loan Paid in Full 0 6.570% 360 4
GROUP IV 0110465576 Loan Paid in Full 0 5.790% 360 4
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.894% Current Month 29.700% Current Month 3,424.821%
3 Month Average 2.242% 3 Month Average 23.710% 3 Month Average 3,675.785%
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 11.467% N/A Jun-2005 4,275.975% N/A
Jul-2005 21.945% N/A Jul-2005 4,684.616% N/A
Aug-2005 19.485% N/A Aug-2005 2,917.918% N/A
Sep-2005 29.700% N/A Sep-2005 3,424.821% 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 I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.248% Current Month 13.994% Current Month 1,638.056%
3 Month Average 1.043% 3 Month Average 11.779% 3 Month Average 1,939.423%
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 13.317% N/A Jun-2005 5,255.433% N/A
Jul-2005 13.663% N/A Jul-2005 3,006.420% N/A
Aug-2005 7.681% N/A Aug-2005 1,173.793% N/A
Sep-2005 13.994% N/A Sep-2005 1,638.056% 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 II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.633% Current Month 35.857% Current Month 4,143.526%
3 Month Average 2.517% 3 Month Average 26.037% 3 Month Average 3,953.578%
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 12.200% N/A Jun-2005 4,585.593% N/A
Jul-2005 21.288% N/A Jul-2005 4,566.790% N/A
Aug-2005 20.967% N/A Aug-2005 3,150.417% N/A
Sep-2005 35.857% N/A Sep-2005 4,143.526% 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 III
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.968% Current Month 11.016% Current Month 1,282.203%
3 Month Average 1.378% 3 Month Average 15.220% 3 Month Average 2,457.839%
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 15.288% N/A Jun-2005 5,817.789% N/A
Jul-2005 13.074% N/A Jul-2005 2,826.166% N/A
Aug-2005 21.569% N/A Aug-2005 3,265.148% N/A
Sep-2005 11.016% N/A Sep-2005 1,282.203% 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 IV
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.507% Current Month 26.263% Current Month 3,004.207%
3 Month Average 2.258% 3 Month Average 23.913% 3 Month Average 3,782.725%
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 9.301% N/A Jun-2005 3,375.633% N/A
Jul-2005 25.971% N/A Jul-2005 5,456.010% N/A
Aug-2005 19.505% N/A Aug-2005 2,887.958% N/A
Sep-2005 26.263% N/A Sep-2005 3,004.207% 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 I 0 0.00 0.00 0.000%
GROUP II 0 0.00 0.00 0.000%
GROUP III 0 0.00 0.00 0.000%
GROUP IV 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GROUP I
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GROUP II
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GROUP III
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GROUP IV
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>