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-HE3 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-01
Pooling and Servicing Agreement) (Commission 54-2173089
(State or other File Number) 54-2173090
jurisdiction 54-2173091
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On September 26, 2005 a distribution was made to holders of ACE SECURITIES
CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-HE3 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-HE3 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-HE3 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/4/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-HE3 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-HE3
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 004421MX8 SEN 3.86125% 342,910,468.33 1,176,944.93
A-1B 004421MY6 SEN 3.90125% 85,728,548.07 297,287.55
A-2A 004421MZ3 SEN 3.74125% 194,281,146.17 646,092.74
A-2B 004421NA7 SEN 3.85125% 119,685,000.00 409,721.65
A-2C 004421NB5 SEN 3.96125% 49,096,000.00 172,872.47
M-1 004421NC3 MEZ 4.07125% 58,358,000.00 211,191.12
M-2 004421ND1 MEZ 4.09125% 35,451,000.00 128,923.47
M-3 004421NE9 MEZ 4.11125% 22,362,000.00 81,720.69
M-4 004421NF6 MEZ 4.27125% 19,634,000.00 74,543.75
M-5 004421NG4 MEZ 4.30125% 18,544,000.00 70,899.89
M-6 004421NH2 MEZ 4.33125% 17,998,000.00 69,292.30
M-7 004421NJ8 MEZ 4.94125% 14,180,000.00 62,281.71
M-8 004421NK5 MEZ 4.99125% 13,090,000.00 58,075.97
M-9 004421NL3 MEZ 5.44125% 10,908,000.00 52,758.36
B-1 004421NM1 SUB 6.89125% 6,545,000.00 40,091.76
B-2 004421NN9 SUB 6.89125% 10,908,000.00 66,817.56
B-3 004421NP4 SUB 6.89125% 8,181,000.00 50,113.17
CE ACE05H2CE SEN 0.00000% 5,454,025.98 2,073,140.39
P ACE05HE2P SEN 0.00000% 100.00 506,322.85
R-1 ACE05H3R1 SEN 0.00000% 0.00 0.00
Totals 1,033,314,288.55 6,249,092.33
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 15,123,432.09 0.00 327,787,036.24 16,300,377.02 0.00
A-1B 3,780,899.08 0.00 81,947,648.99 4,078,186.63 0.00
A-2A 13,673,272.71 0.00 180,607,873.46 14,319,365.45 0.00
A-2B 0.00 0.00 119,685,000.00 409,721.65 0.00
A-2C 0.00 0.00 49,096,000.00 172,872.47 0.00
M-1 0.00 0.00 58,358,000.00 211,191.12 0.00
M-2 0.00 0.00 35,451,000.00 128,923.47 0.00
M-3 0.00 0.00 22,362,000.00 81,720.69 0.00
M-4 0.00 0.00 19,634,000.00 74,543.75 0.00
M-5 0.00 0.00 18,544,000.00 70,899.89 0.00
M-6 0.00 0.00 17,998,000.00 69,292.30 0.00
M-7 0.00 0.00 14,180,000.00 62,281.71 0.00
M-8 0.00 0.00 13,090,000.00 58,075.97 0.00
M-9 0.00 0.00 10,908,000.00 52,758.36 0.00
B-1 0.00 0.00 6,545,000.00 40,091.76 0.00
B-2 0.00 0.00 10,908,000.00 66,817.56 0.00
B-3 0.00 0.00 8,181,000.00 50,113.17 0.00
CE 0.00 0.00 5,454,025.98 2,073,140.39 0.00
P 0.00 0.00 100.00 506,322.85 0.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 32,577,603.88 0.00 1,000,736,684.67 38,826,696.21 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 368,328,000.00 342,910,468.33 0.00 15,123,432.09 0.00 0.00
A-1B 92,083,000.00 85,728,548.07 0.00 3,780,899.08 0.00 0.00
A-2A 220,000,000.00 194,281,146.17 0.00 13,673,272.71 0.00 0.00
A-2B 119,685,000.00 119,685,000.00 0.00 0.00 0.00 0.00
A-2C 49,096,000.00 49,096,000.00 0.00 0.00 0.00 0.00
M-1 58,358,000.00 58,358,000.00 0.00 0.00 0.00 0.00
M-2 35,451,000.00 35,451,000.00 0.00 0.00 0.00 0.00
M-3 22,362,000.00 22,362,000.00 0.00 0.00 0.00 0.00
M-4 19,634,000.00 19,634,000.00 0.00 0.00 0.00 0.00
M-5 18,544,000.00 18,544,000.00 0.00 0.00 0.00 0.00
M-6 17,998,000.00 17,998,000.00 0.00 0.00 0.00 0.00
M-7 14,180,000.00 14,180,000.00 0.00 0.00 0.00 0.00
M-8 13,090,000.00 13,090,000.00 0.00 0.00 0.00 0.00
M-9 10,908,000.00 10,908,000.00 0.00 0.00 0.00 0.00
B-1 6,545,000.00 6,545,000.00 0.00 0.00 0.00 0.00
B-2 10,908,000.00 10,908,000.00 0.00 0.00 0.00 0.00
B-3 8,181,000.00 8,181,000.00 0.00 0.00 0.00 0.00
CE 5,454,097.00 5,454,025.98 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,090,805,197.00 1,033,314,288.55 0.00 32,577,603.88 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 15,123,432.09 327,787,036.24 0.88993244 15,123,432.09
A-1B 3,780,899.08 81,947,648.99 0.88993244 3,780,899.08
A-2A 13,673,272.71 180,607,873.46 0.82094488 13,673,272.71
A-2B 0.00 119,685,000.00 1.00000000 0.00
A-2C 0.00 49,096,000.00 1.00000000 0.00
M-1 0.00 58,358,000.00 1.00000000 0.00
M-2 0.00 35,451,000.00 1.00000000 0.00
M-3 0.00 22,362,000.00 1.00000000 0.00
M-4 0.00 19,634,000.00 1.00000000 0.00
M-5 0.00 18,544,000.00 1.00000000 0.00
M-6 0.00 17,998,000.00 1.00000000 0.00
M-7 0.00 14,180,000.00 1.00000000 0.00
M-8 0.00 13,090,000.00 1.00000000 0.00
M-9 0.00 10,908,000.00 1.00000000 0.00
B-1 0.00 6,545,000.00 1.00000000 0.00
B-2 0.00 10,908,000.00 1.00000000 0.00
B-3 0.00 8,181,000.00 1.00000000 0.00
CE 0.00 5,454,025.98 0.99998698 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
Totals 32,577,603.88 1,000,736,684.67 0.91742933 32,577,603.88
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 368,328,000.00 930.99212748 0.00000000 41.05968618 0.00000000
A-1B 92,083,000.00 930.99212743 0.00000000 41.05968615 0.00000000
A-2A 220,000,000.00 883.09611895 0.00000000 62.15123959 0.00000000
A-2B 119,685,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 49,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 58,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 35,451,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 22,362,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 19,634,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 18,544,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 17,998,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 14,180,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 13,090,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 10,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 6,545,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 10,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 8,181,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 5,454,097.00 999.98697860 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 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 41.05968618 889.93244130 0.88993244 41.05968618
A-1B 0.00000000 41.05968615 889.93244128 0.88993244 41.05968615
A-2A 0.00000000 62.15123959 820.94487936 0.82094488 62.15123959
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
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
B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.98697860 0.99998698 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 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 368,328,000.00 3.86125% 342,910,468.33 1,176,944.93 0.00 0.00
A-1B 92,083,000.00 3.90125% 85,728,548.07 297,287.55 0.00 0.00
A-2A 220,000,000.00 3.74125% 194,281,146.17 646,092.74 0.00 0.00
A-2B 119,685,000.00 3.85125% 119,685,000.00 409,721.65 0.00 0.00
A-2C 49,096,000.00 3.96125% 49,096,000.00 172,872.47 0.00 0.00
M-1 58,358,000.00 4.07125% 58,358,000.00 211,191.12 0.00 0.00
M-2 35,451,000.00 4.09125% 35,451,000.00 128,923.47 0.00 0.00
M-3 22,362,000.00 4.11125% 22,362,000.00 81,720.69 0.00 0.00
M-4 19,634,000.00 4.27125% 19,634,000.00 74,543.75 0.00 0.00
M-5 18,544,000.00 4.30125% 18,544,000.00 70,899.89 0.00 0.00
M-6 17,998,000.00 4.33125% 17,998,000.00 69,292.30 0.00 0.00
M-7 14,180,000.00 4.94125% 14,180,000.00 62,281.71 0.00 0.00
M-8 13,090,000.00 4.99125% 13,090,000.00 58,075.97 0.00 0.00
M-9 10,908,000.00 5.44125% 10,908,000.00 52,758.36 0.00 0.00
B-1 6,545,000.00 6.89125% 6,545,000.00 40,091.76 0.00 0.00
B-2 10,908,000.00 6.89125% 10,908,000.00 66,817.56 0.00 0.00
B-3 8,181,000.00 6.89125% 8,181,000.00 50,113.17 0.00 0.00
CE 5,454,097.00 0.00000% 1,033,314,288.56 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,090,805,197.00 3,669,629.09 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 1,176,944.93 0.00 327,787,036.24
A-1B 0.00 0.00 297,287.55 0.00 81,947,648.99
A-2A 0.00 0.00 646,092.74 0.00 180,607,873.46
A-2B 0.00 0.00 409,721.65 0.00 119,685,000.00
A-2C 0.00 0.00 172,872.47 0.00 49,096,000.00
M-1 0.00 0.00 211,191.12 0.00 58,358,000.00
M-2 0.00 0.00 128,923.47 0.00 35,451,000.00
M-3 0.00 0.00 81,720.69 0.00 22,362,000.00
M-4 0.00 0.00 74,543.75 0.00 19,634,000.00
M-5 0.00 0.00 70,899.89 0.00 18,544,000.00
M-6 0.00 0.00 69,292.30 0.00 17,998,000.00
M-7 0.00 0.00 62,281.71 0.00 14,180,000.00
M-8 0.00 0.00 58,075.97 0.00 13,090,000.00
M-9 0.00 0.00 52,758.36 0.00 10,908,000.00
B-1 0.00 0.00 40,091.76 0.00 6,545,000.00
B-2 0.00 0.00 66,817.56 0.00 10,908,000.00
B-3 0.00 0.00 50,113.17 0.00 8,181,000.00
CE 0.00 0.00 2,073,140.39 0.00 1,000,736,684.68
P 0.00 0.00 506,322.85 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,249,092.33 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 368,328,000.00 3.86125% 930.99212748 3.19537187 0.00000000 0.00000000
A-1B 92,083,000.00 3.90125% 930.99212743 3.22847377 0.00000000 0.00000000
A-2A 220,000,000.00 3.74125% 883.09611895 2.93678518 0.00000000 0.00000000
A-2B 119,685,000.00 3.85125% 1000.00000000 3.42333333 0.00000000 0.00000000
A-2C 49,096,000.00 3.96125% 1000.00000000 3.52111109 0.00000000 0.00000000
M-1 58,358,000.00 4.07125% 1000.00000000 3.61888893 0.00000000 0.00000000
M-2 35,451,000.00 4.09125% 1000.00000000 3.63666667 0.00000000 0.00000000
M-3 22,362,000.00 4.11125% 1000.00000000 3.65444459 0.00000000 0.00000000
M-4 19,634,000.00 4.27125% 1000.00000000 3.79666650 0.00000000 0.00000000
M-5 18,544,000.00 4.30125% 1000.00000000 3.82333315 0.00000000 0.00000000
M-6 17,998,000.00 4.33125% 1000.00000000 3.85000000 0.00000000 0.00000000
M-7 14,180,000.00 4.94125% 1000.00000000 4.39222214 0.00000000 0.00000000
M-8 13,090,000.00 4.99125% 1000.00000000 4.43666692 0.00000000 0.00000000
M-9 10,908,000.00 5.44125% 1000.00000000 4.83666667 0.00000000 0.00000000
B-1 6,545,000.00 6.89125% 1000.00000000 6.12555539 0.00000000 0.00000000
B-2 10,908,000.00 6.89125% 1000.00000000 6.12555556 0.00000000 0.00000000
B-3 8,181,000.00 6.89125% 1000.00000000 6.12555556 0.00000000 0.00000000
CE 5,454,097.00 0.00000% 189456.52938699 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 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 3.19537187 0.00000000 889.93244130
A-1B 0.00000000 0.00000000 3.22847377 0.00000000 889.93244128
A-2A 0.00000000 0.00000000 2.93678518 0.00000000 820.94487936
A-2B 0.00000000 0.00000000 3.42333333 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.52111109 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.61888893 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.63666667 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.65444459 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.79666650 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.82333315 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.85000000 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.39222214 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.43666692 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.83666667 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.12555539 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 6.12555556 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 6.12555556 0.00000000 1000.00000000
CE 0.00000000 0.00000000 380.10698930 0.00000000 183483.47759125
P 0.00000000 0.00000000 5063228.50000000 0.00000000 1000.00000000
R-1 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 38,685,541.43
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 376,292.95
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 506,322.85
Total Deposits 39,568,157.23
Withdrawals
Reimbursement for Servicer Advances 296,274.74
Payment of Service Fee 445,186.27
Payment of Interest and Principal 38,826,696.22
Total Withdrawals (Pool Distribution Amount) 39,568,157.23
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 430,547.65
Credit Risk Manager Fee - Murray Hill Company 12,055.37
Master Servicing Fee: Wells Fargo Bank 2,583.25
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 445,186.27
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 14,558.43 14,558.43 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 13 0 0 13
1,121,555.73 0.00 0.00 1,121,555.73
30 Days 205 3 0 0 208
29,788,506.34 410,247.15 0.00 0.00 30,198,753.49
60 Days 94 0 0 0 94
12,227,618.45 0.00 0.00 0.00 12,227,618.45
90 Days 17 2 43 0 62
2,025,507.74 485,550.00 6,893,872.73 0.00 9,404,930.47
120 Days 20 1 15 0 36
3,347,889.00 106,079.00 2,077,025.00 0.00 5,530,993.00
150 Days 0 0 1 0 1
0.00 0.00 512,800.00 0.00 512,800.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 336 19 59 0 414
47,389,521.53 2,123,431.88 9,483,697.73 0.00 58,996,651.14
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 0.202871% 0.000000% 0.000000% 0.202871%
0.112004% 0.000000% 0.000000% 0.112004%
30 Days 3.199126% 0.046816% 0.000000% 0.000000% 3.245943%
2.974825% 0.040969% 0.000000% 0.000000% 3.015795%
60 Days 1.466916% 0.000000% 0.000000% 0.000000% 1.466916%
1.221110% 0.000000% 0.000000% 0.000000% 1.221110%
90 Days 0.265293% 0.031211% 0.671036% 0.000000% 0.967541%
0.202277% 0.048489% 0.688456% 0.000000% 0.939222%
120 Days 0.312110% 0.015605% 0.234082% 0.000000% 0.561798%
0.334337% 0.010594% 0.207422% 0.000000% 0.552352%
150 Days 0.000000% 0.000000% 0.015605% 0.000000% 0.015605%
0.000000% 0.000000% 0.051211% 0.000000% 0.051211%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 5.243446% 0.296504% 0.920724% 0.000000% 6.460674%
4.732549% 0.212056% 0.947088% 0.000000% 5.891693%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group I SubGrp 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 2 0 0 2
82,635.06 0.00 0.00 82,635.06
30 Days 27 0 0 0 27
1,990,541.46 0.00 0.00 0.00 1,990,541.46
60 Days 14 0 0 0 14
662,275.54 0.00 0.00 0.00 662,275.54
90 Days 6 0 0 0 6
265,791.66 0.00 0.00 0.00 265,791.66
120 Days 8 0 0 0 8
720,772.00 0.00 0.00 0.00 720,772.00
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 55 2 0 0 57
3,639,380.66 82,635.06 0.00 0.00 3,722,015.72
0-29 Days 0.144509% 0.000000% 0.000000% 0.144509%
0.085690% 0.000000% 0.000000% 0.085690%
30 Days 1.950867% 0.000000% 0.000000% 0.000000% 1.950867%
2.064122% 0.000000% 0.000000% 0.000000% 2.064122%
60 Days 1.011561% 0.000000% 0.000000% 0.000000% 1.011561%
0.686757% 0.000000% 0.000000% 0.000000% 0.686757%
90 Days 0.433526% 0.000000% 0.000000% 0.000000% 0.433526%
0.275617% 0.000000% 0.000000% 0.000000% 0.275617%
120 Days 0.578035% 0.000000% 0.000000% 0.000000% 0.578035%
0.747415% 0.000000% 0.000000% 0.000000% 0.747415%
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 3.973988% 0.144509% 0.000000% 0.000000% 4.118497%
3.773910% 0.085690% 0.000000% 0.000000% 3.859600%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group I SubGrp 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 8 0 0 8
623,606.68 0.00 0.00 623,606.68
30 Days 128 2 0 0 130
16,026,643.08 253,231.90 0.00 0.00 16,279,874.98
60 Days 60 0 0 0 60
7,188,483.24 0.00 0.00 0.00 7,188,483.24
90 Days 7 1 31 0 39
670,993.69 53,550.00 3,377,529.85 0.00 4,102,073.54
120 Days 5 1 12 0 18
562,797.00 106,079.00 1,468,250.00 0.00 2,137,126.00
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 200 12 43 0 255
24,448,917.01 1,036,467.58 4,845,779.85 0.00 30,331,164.44
0-29 Days 0.251493% 0.000000% 0.000000% 0.251493%
0.140252% 0.000000% 0.000000% 0.140252%
30 Days 4.023892% 0.062873% 0.000000% 0.000000% 4.086765%
3.604473% 0.056953% 0.000000% 0.000000% 3.661426%
60 Days 1.886199% 0.000000% 0.000000% 0.000000% 1.886199%
1.616726% 0.000000% 0.000000% 0.000000% 1.616726%
90 Days 0.220057% 0.031437% 0.974536% 0.000000% 1.226030%
0.150910% 0.012044% 0.759624% 0.000000% 0.922577%
120 Days 0.157183% 0.031437% 0.377240% 0.000000% 0.565860%
0.126576% 0.023858% 0.330217% 0.000000% 0.480650%
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 6.287331% 0.377240% 1.351776% 0.000000% 8.016347%
5.498685% 0.233107% 1.089840% 0.000000% 6.821632%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Grp II SubGrp 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 1 0 0 1
38,785.34 0.00 0.00 38,785.34
30 Days 12 0 0 0 12
879,025.95 0.00 0.00 0.00 879,025.95
60 Days 6 0 0 0 6
707,323.27 0.00 0.00 0.00 707,323.27
90 Days 2 0 0 0 2
107,839.21 0.00 0.00 0.00 107,839.21
120 Days 1 0 0 0 1
125,000.00 0.00 0.00 0.00 125,000.00
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 21 1 0 0 22
1,819,188.43 38,785.34 0.00 0.00 1,857,973.77
0-29 Days 0.170940% 0.000000% 0.000000% 0.170940%
0.063732% 0.000000% 0.000000% 0.063732%
30 Days 2.051282% 0.000000% 0.000000% 0.000000% 2.051282%
1.444404% 0.000000% 0.000000% 0.000000% 1.444404%
60 Days 1.025641% 0.000000% 0.000000% 0.000000% 1.025641%
1.162264% 0.000000% 0.000000% 0.000000% 1.162264%
90 Days 0.341880% 0.000000% 0.000000% 0.000000% 0.341880%
0.177200% 0.000000% 0.000000% 0.000000% 0.177200%
120 Days 0.170940% 0.000000% 0.000000% 0.000000% 0.170940%
0.205398% 0.000000% 0.000000% 0.000000% 0.205398%
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 3.589744% 0.170940% 0.000000% 0.000000% 3.760684%
2.989267% 0.063732% 0.000000% 0.000000% 3.052998%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Grp II SubGrp 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 2 0 0 2
376,528.65 0.00 0.00 376,528.65
30 Days 38 1 0 0 39
10,892,295.85 157,015.25 0.00 0.00 11,049,311.10
60 Days 14 0 0 0 14
3,669,536.40 0.00 0.00 0.00 3,669,536.40
90 Days 2 1 12 0 15
980,883.18 432,000.00 3,516,342.88 0.00 4,929,226.06
120 Days 6 0 3 0 9
1,939,320.00 0.00 608,775.00 0.00 2,548,095.00
150 Days 0 0 1 0 1
0.00 0.00 512,800.00 0.00 512,800.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 60 4 16 0 80
17,482,035.43 965,543.90 4,637,917.88 0.00 23,085,497.21
0-29 Days 0.158983% 0.000000% 0.000000% 0.158983%
0.094267% 0.000000% 0.000000% 0.094267%
30 Days 3.020668% 0.079491% 0.000000% 0.000000% 3.100159%
2.726971% 0.039310% 0.000000% 0.000000% 2.766281%
60 Days 1.112878% 0.000000% 0.000000% 0.000000% 1.112878%
0.918697% 0.000000% 0.000000% 0.000000% 0.918697%
90 Days 0.158983% 0.079491% 0.953895% 0.000000% 1.192369%
0.245572% 0.108155% 0.880344% 0.000000% 1.234070%
120 Days 0.476948% 0.000000% 0.238474% 0.000000% 0.715421%
0.485524% 0.000000% 0.152412% 0.000000% 0.637935%
150 Days 0.000000% 0.000000% 0.079491% 0.000000% 0.079491%
0.000000% 0.000000% 0.128383% 0.000000% 0.128383%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.769475% 0.317965% 1.271860% 0.000000% 6.359300%
4.376763% 0.241731% 1.161139% 0.000000% 5.779633%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 376,292.95
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 M-1 183,255,197.00 16.79999302% 183,255,125.98 18.31202241% 5.831504% 0.000000%
Class M-2 147,804,197.00 13.55000851% 147,804,125.98 14.76953211% 3.542490% 0.000000%
Class M-3 125,442,197.00 11.49996327% 125,442,125.98 12.53497827% 2.234554% 0.000000%
Class M-4 105,808,197.00 9.70000852% 105,808,125.98 10.57302361% 1.961955% 0.000000%
Class B-1 24,543,197.00 2.25000734% 24,543,125.98 2.45250587% 0.654018% 0.000000%
Class B-2 13,635,197.00 1.25001210% 13,635,125.98 1.36250886% 1.089997% 0.000000%
Class B-3 5,454,197.00 0.50001568% 5,454,125.98 0.54501110% 0.817498% 0.000000%
Class CE 100.00 0.00000917% 100.00 0.00000999% 0.545001% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000010% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 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 I SubGrp 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 I SubGrp 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.
Grp II SubGrp 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.
Grp II SubGrp 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.
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 59 Oct-04 0.000%
Original Principal Balance 9,487,956.00 Nov-04 0.000%
Current Principal Balance 9,483,697.73 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 59 Mar-05 0.000%
Original Principal Balance 9,487,956.00 Apr-05 0.000%
Current Principal Balance 9,483,697.73 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.947%
*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 SubGrp 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 I SubGrp II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 43 Oct-04 0.000%
Original Principal Balance 4,847,350.00 Nov-04 0.000%
Current Principal Balance 4,845,779.85 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 43 Mar-05 0.000%
Original Principal Balance 4,847,350.00 Apr-05 0.000%
Current Principal Balance 4,845,779.85 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.090%
*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.
Grp II SubGrp 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.
Grp II SubGrp II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 16 Oct-04 0.000%
Original Principal Balance 4,640,606.00 Nov-04 0.000%
Current Principal Balance 4,637,917.88 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 16 Mar-05 0.000%
Original Principal Balance 4,640,606.00 Apr-05 0.000%
Current Principal Balance 4,637,917.88 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.161%
*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 I SubGrp II 0000433359 Sep-2005 01-Mar-2005 NC 80.00 120,000.00
Group I SubGrp II 0000434497 Sep-2005 01-Apr-2005 MD 85.00 127,500.00
Group I SubGrp II 0000434520 Sep-2005 01-Mar-2005 GA 80.00 120,800.00
Group I SubGrp II 0000434913 Sep-2005 01-Apr-2005 CO 80.00 124,000.00
Group I SubGrp II 0000434991 Sep-2005 01-Apr-2005 MI 80.00 52,800.00
Group I SubGrp II 0000435261 Sep-2005 01-Apr-2005 MI 100.00 85,000.00
Group I SubGrp II 0000435436 Sep-2005 01-Mar-2005 CO 93.96 311,000.00
Group I SubGrp II 0000435437 Sep-2005 01-Apr-2005 CO 80.00 172,000.00
Group I SubGrp II 0000436907 Sep-2005 01-Apr-2005 OH 80.00 136,000.00
Group I SubGrp II 0000438212 Sep-2005 01-Apr-2005 NJ 90.00 252,000.00
Group I SubGrp II 0000438355 Sep-2005 01-Apr-2005 NC 80.00 212,000.00
Group I SubGrp II 0000438619 Sep-2005 01-Apr-2005 MN 90.00 166,500.00
Group I SubGrp II 0000438719 Sep-2005 01-Apr-2005 TX 85.00 153,000.00
Group I SubGrp II 0000438851 Sep-2005 01-Apr-2005 UT 80.00 136,800.00
Group I SubGrp II 0000438906 Sep-2005 01-Apr-2005 MI 90.00 132,300.00
Group I SubGrp II 0000438977 Sep-2005 01-Mar-2005 UT 80.00 126,400.00
Group I SubGrp II 0000438990 Sep-2005 01-Apr-2005 CO 80.00 125,600.00
Group I SubGrp II 0000439027 Sep-2005 01-Apr-2005 MO 80.00 122,600.00
Group I SubGrp II 0000439032 Sep-2005 01-Apr-2005 CA 74.00 122,100.00
Group I SubGrp II 0000439106 Sep-2005 01-Apr-2005 AZ 80.00 116,000.00
Group I SubGrp II 0000439168 Sep-2005 01-Apr-2005 GA 80.00 111,200.00
Group I SubGrp II 0000439253 Sep-2005 01-Apr-2005 CO 80.00 104,000.00
Group I SubGrp II 0000439363 Sep-2005 01-Apr-2005 MI 79.17 95,000.00
Group I SubGrp II 0000439372 Sep-2005 01-Apr-2005 SC 90.00 94,500.00
Group I SubGrp II 0000439545 Sep-2005 01-Apr-2005 TX 85.00 80,750.00
Group I SubGrp II 0000439705 Sep-2005 01-Apr-2005 KY 90.00 68,400.00
Group I SubGrp II 0000439801 Sep-2005 01-Apr-2005 OK 95.00 61,750.00
Group I SubGrp II 0000439834 Sep-2005 01-Apr-2005 IN 95.00 59,850.00
Group I SubGrp II 0000439858 Sep-2005 01-Apr-2005 AL 90.00 57,600.00
Group I SubGrp II 0000439911 Sep-2005 01-Apr-2005 AZ 68.35 54,000.00
Group I SubGrp II 0000442570 Sep-2005 01-May-2005 OH 90.00 83,700.00
Group I SubGrp II 0000442629 Sep-2005 01-May-2005 OK 90.00 51,300.00
Group I SubGrp II 0000442839 Sep-2005 01-May-2005 OH 74.75 74,000.00
Group I SubGrp II 0000443204 Sep-2005 01-Apr-2005 CO 80.00 136,400.00
Group I SubGrp II 0000443218 Sep-2005 01-Apr-2005 CO 80.00 126,000.00
Group I SubGrp II 0000443260 Sep-2005 01-Apr-2005 TN 85.00 110,500.00
Group I SubGrp II 0000443269 Sep-2005 01-Apr-2005 TN 85.00 79,900.00
Group I SubGrp II 0000443273 Sep-2005 01-Apr-2005 TN 85.00 68,850.00
Group I SubGrp II 0000443304 Sep-2005 01-Apr-2005 PA 85.00 47,600.00
Group I SubGrp II 0000443407 Sep-2005 01-Apr-2005 TX 80.00 40,000.00
Group I SubGrp II 0000447473 Sep-2005 01-May-2005 MI 80.00 140,000.00
Group I SubGrp II 0000447516 Sep-2005 01-Apr-2005 MI 75.00 77,250.00
Group I SubGrp II 0000447521 Sep-2005 01-Apr-2005 MO 80.00 110,400.00
Grp II SubGrp II 0000434172 Sep-2005 01-Apr-2005 NC 80.00 351,840.00
Grp II SubGrp II 0000437181 Sep-2005 01-Apr-2005 CO 80.00 440,000.00
Grp II SubGrp II 0000437840 Sep-2005 01-Mar-2005 CA 80.00 512,800.00
Grp II SubGrp II 0000437861 Sep-2005 01-Apr-2005 MI 80.00 487,600.00
Grp II SubGrp II 0000437901 Sep-2005 01-Mar-2005 AZ 80.00 434,241.00
Grp II SubGrp II 0000437986 Sep-2005 01-Apr-2005 TX 80.00 364,000.00
Grp II SubGrp II 0000438210 Sep-2005 01-Apr-2005 FL 80.00 252,000.00
Grp II SubGrp II 0000438211 Sep-2005 01-Apr-2005 AZ 80.00 252,000.00
Grp II SubGrp II 0000438293 Sep-2005 01-Apr-2005 MA 80.00 228,000.00
Grp II SubGrp II 0000438477 Sep-2005 01-Apr-2005 FL 71.48 188,000.00
Grp II SubGrp II 0000438699 Sep-2005 01-Apr-2005 CO 80.00 156,000.00
Grp II SubGrp II 0000442738 Sep-2005 01-May-2005 CO 80.00 163,600.00
Grp II SubGrp II 0000443149 Sep-2005 01-May-2005 IL 85.00 233,750.00
Grp II SubGrp II 0000443160 Sep-2005 01-Apr-2005 AZ 75.00 200,775.00
Grp II SubGrp II 0000447528 Sep-2005 01-May-2005 MI 85.00 204,000.00
Grp II SubGrp II 0000447567 Sep-2005 01-Apr-2005 NV 80.00 172,000.00
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 I SubGrp II 0000433359 119,826.03 01-Apr-2005 3 7.650% 3,564.57
Group I SubGrp II 0000434497 127,412.70 01-Apr-2005 3 7.900% 3,923.09
Group I SubGrp II 0000434520 120,653.12 01-Apr-2005 3 8.500% 4,016.79
Group I SubGrp II 0000434913 123,999.99 01-Apr-2005 3 6.400% 3,048.30
Group I SubGrp II 0000434991 52,766.33 01-Apr-2005 3 8.250% 1,701.71
Group I SubGrp II 0000435261 85,000.00 01-Mar-2005 4 9.875% 3,315.74
Group I SubGrp II 0000435436 311,000.00 01-Apr-2005 3 7.500% 9,070.85
Group I SubGrp II 0000435437 172,000.00 01-Apr-2005 3 6.000% 3,941.65
Group I SubGrp II 0000436907 135,876.67 01-Apr-2005 3 6.500% 3,390.71
Group I SubGrp II 0000438212 252,000.00 01-Mar-2005 4 8.500% 8,384.59
Group I SubGrp II 0000438355 212,000.00 01-Mar-2005 4 7.745% 6,386.07
Group I SubGrp II 0000438619 166,500.00 01-Mar-2005 4 6.809% 4,365.59
Group I SubGrp II 0000438719 152,924.66 01-Apr-2005 3 9.495% 5,725.75
Group I SubGrp II 0000438851 136,696.11 01-Apr-2005 3 7.385% 3,915.43
Group I SubGrp II 0000438906 132,300.00 01-Mar-2005 4 8.245% 4,261.19
Group I SubGrp II 0000438977 126,400.00 01-Apr-2005 3 7.300% 3,581.30
Group I SubGrp II 0000438990 125,501.92 01-Apr-2005 3 7.245% 3,521.54
Group I SubGrp II 0000439027 122,536.37 01-Apr-2005 3 9.245% 4,460.21
Group I SubGrp II 0000439032 122,100.00 01-Mar-2005 4 7.500% 3,553.27
Group I SubGrp II 0000439106 116,000.00 01-Mar-2005 4 7.625% 3,443.75
Group I SubGrp II 0000439168 111,123.40 01-Apr-2005 3 7.870% 3,407.65
Group I SubGrp II 0000439253 103,914.58 01-Apr-2005 3 6.990% 2,805.34
Group I SubGrp II 0000439363 95,000.00 01-Apr-2005 3 7.245% 2,669.90
Group I SubGrp II 0000439372 94,459.25 01-Apr-2005 3 10.120% 3,782.92
Group I SubGrp II 0000439545 80,750.00 01-Mar-2005 4 9.745% 3,106.15
Group I SubGrp II 0000439705 68,358.53 01-Apr-2005 3 8.495% 2,274.40
Group I SubGrp II 0000439801 61,750.00 01-Mar-2005 4 7.875% 1,893.57
Group I SubGrp II 0000439834 59,850.00 01-Mar-2005 4 9.870% 2,333.43
Group I SubGrp II 0000439858 57,564.20 01-Apr-2005 3 8.375% 1,886.45
Group I SubGrp II 0000439911 54,000.00 01-Mar-2005 4 7.750% 1,627.77
Group I SubGrp II 0000442570 83,700.00 01-Apr-2005 3 6.500% 2,088.70
Group I SubGrp II 0000442629 51,300.00 01-Apr-2005 3 9.495% 1,920.78
Group I SubGrp II 0000442839 74,000.00 01-Apr-2005 3 6.760% 1,926.84
Group I SubGrp II 0000443204 136,279.89 01-Apr-2005 3 6.635% 3,477.45
Group I SubGrp II 0000443218 126,000.00 01-Mar-2005 4 6.635% 3,212.29
Group I SubGrp II 0000443260 110,451.06 01-Apr-2005 3 9.995% 4,365.78
Group I SubGrp II 0000443269 79,864.62 01-Apr-2005 3 9.995% 3,156.80
Group I SubGrp II 0000443273 68,819.51 01-Apr-2005 3 9.995% 2,720.21
Group I SubGrp II 0000443304 47,575.97 01-Apr-2005 3 9.375% 1,757.54
Group I SubGrp II 0000443407 39,982.29 01-Apr-2005 3 9.995% 1,580.38
Group I SubGrp II 0000447473 140,000.00 01-Apr-2005 3 7.800% 4,252.34
Group I SubGrp II 0000447516 77,209.53 01-Apr-2005 3 9.200% 2,795.86
Group I SubGrp II 0000447521 110,333.12 01-Apr-2005 3 8.500% 3,673.25
Grp II SubGrp II 0000434172 351,512.54 01-Apr-2005 3 6.350% 8,551.98
Grp II SubGrp II 0000437181 439,630.34 01-Apr-2005 3 6.875% 11,657.83
Grp II SubGrp II 0000437840 512,800.00 01-Feb-2005 5 7.495% 11,956.76
Grp II SubGrp II 0000437861 487,353.50 01-Apr-2005 3 9.370% 17,992.92
Grp II SubGrp II 0000437901 433,373.43 01-Apr-2005 3 5.995% 9,902.33
Grp II SubGrp II 0000437986 363,678.54 01-Apr-2005 3 6.620% 9,257.22
Grp II SubGrp II 0000438210 251,760.43 01-Apr-2005 3 6.240% 6,009.68
Grp II SubGrp II 0000438211 252,000.00 01-Mar-2005 4 7.245% 7,065.51
Grp II SubGrp II 0000438293 227,798.64 01-Apr-2005 3 6.620% 5,798.47
Grp II SubGrp II 0000438477 187,885.99 01-Apr-2005 3 8.495% 6,251.24
Grp II SubGrp II 0000438699 156,000.00 01-Mar-2005 4 7.245% 4,373.88
Grp II SubGrp II 0000442738 163,600.00 01-Apr-2005 3 6.745% 4,257.00
Grp II SubGrp II 0000443149 233,750.00 01-Apr-2005 3 8.510% 7,791.90
Grp II SubGrp II 0000443160 200,775.00 01-Mar-2005 4 8.995% 7,094.83
Grp II SubGrp II 0000447528 204,000.00 01-Apr-2005 3 8.900% 7,131.99
Grp II SubGrp II 0000447567 171,999.47 01-Apr-2005 3 8.450% 5,697.46
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 7.189146%
Weighted Average Net Coupon 6.686145%
Weighted Average Pass-Through Rate 6.669145%
Weighted Average Maturity(Stepdown Calculation) 345
Beginning Scheduled Collateral Loan Count 6,572
Number Of Loans Paid In Full 164
Ending Scheduled Collateral Loan Count 6,408
Beginning Scheduled Collateral Balance 1,033,314,288.56
Ending Scheduled Collateral Balance 1,000,736,684.68
Ending Actual Collateral Balance at 31-Aug-2005 1,001,353,082.88
Monthly P&I Constant 6,772,968.04
Special Servicing Fee 0.00
Prepayment Penalties 506,322.85
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 577,180.55
Unscheduled Principal 32,000,423.33
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 5,454,025.98
Overcollateralized Amount 5,454,025.98
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Coupon Rate 7.189146%
Weighted Average Net Rate 6.686145%
Weighted Average Pass Through Rate 6.669145%
Weighted Average Maturity 345
Record Date 08/31/2005
Principal and Interest Constant 6,772,968.04
Beginning Loan Count 6,572
Loans Paid in Full 164
Ending Loan Count 6,408
Beginning Scheduled Balance 1,033,314,288.56
Ending Scheduled Balance 1,000,736,684.68
Ending Actual Balance at 31-Aug-2005 1,001,353,082.88
Scheduled Principal 577,180.55
Unscheduled Principal 32,000,423.33
Scheduled Interest 6,195,787.49
Servicing Fee 430,547.65
Master Servicing Fee 2,583.25
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 12,055.37
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 5,750,601.22
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 506,322.85
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 5,454,025.98
Overcollateralized Amount 5,454,025.98
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Over Collateralization Amount 5,454,025.98
OC Deficiency Amount 0.00
OC Increase Amount 0.00
OC Reduction Amount 0.00
Target OC Amount 5,454,025.98
Group Level Collateral Statement
Group Group I SubGrp I Group I SubGrp II Grp II SubGrp I
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.536729 7.233867 8.364230
Weighted Average Net Rate 8.036729 6.733867 7.864230
Weighted Average Maturity 291 355 355
Beginning Loan Count 1,404 3,273 604
Loans Paid In Full 20 92 19
Ending Loan Count 1,384 3,181 585
Beginning Scheduled Balance 98,655,047.70 460,915,612.29 62,346,836.81
Ending Scheduled Balance 96,363,107.85 444,303,220.97 60,815,150.64
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 780,324.12 3,075,248.73 476,921.20
Scheduled Principal 78,497.94 296,746.96 42,351.79
Unscheduled Principal 2,213,441.91 16,315,644.36 1,489,334.38
Scheduled Interest 701,826.18 2,778,501.77 434,569.41
Servicing Fees 41,106.28 192,048.15 25,977.87
Master Servicing Fees 246.64 1,152.30 155.84
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 1,151.02 5,377.33 727.38
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 659,322.24 2,579,923.99 407,708.32
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 8.019729 6.716867 7.847230
Group Level Collateral Statement
Group Grp II SubGrp II Total
Collateral Description Mixed ARM Fixed Mixed & ARM & Balloon
Weighted Average Coupon Rate 6.653110 7.189146
Weighted Average Net Rate 6.153110 6.686145
Weighted Average Maturity 289 345
Beginning Loan Count 1,291 6,572
Loans Paid In Full 33 164
Ending Loan Count 1,258 6,408
Beginning Scheduled Balance 411,396,791.76 1,033,314,288.56
Ending scheduled Balance 399,255,205.22 1,000,736,684.68
Record Date 08/31/2005 08/31/2005
Principal And Interest Constant 2,440,473.99 6,772,968.04
Scheduled Principal 159,583.86 577,180.55
Unscheduled Principal 11,982,002.68 32,000,423.33
Scheduled Interest 2,280,890.13 6,195,787.49
Servicing Fees 171,415.35 430,547.65
Master Servicing Fees 1,028.47 2,583.25
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 4,799.64 12,055.37
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 2,103,646.67 5,750,601.22
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 6.136110 6.669145
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 SubGrp I 20 2,210,300.00 2,200,693.70 0 0.00 0.00
Group I SubGrp II 92 16,356,147.00 16,304,130.89 0 0.00 0.00
Grp II SubGrp I 19 1,497,482.00 1,492,052.70 0 0.00 0.00
Grp II SubGrp II 33 12,011,380.00 11,979,711.92 0 0.00 0.00
Total 164 32,075,309.00 31,976,589.21 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 SubGrp I 0 0.00 0.00 0 0.00 0.00 14,457.44
Group I SubGrp II 0 0.00 0.00 0 0.00 0.00 21,499.44
Grp II SubGrp I 0 0.00 0.00 0 0.00 0.00 (1,858.20)
Grp II SubGrp II 0 0.00 0.00 0 0.00 0.00 8,763.27
Total 0 0.00 0.00 0 0.00 0.00 42,861.95
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 SubGrp I 0000433054 CA 100.00 02-Feb-2005 27,600.00 27,480.44
Group I SubGrp I 0000434198 NY 85.00 01-Jan-2005 318,750.00 316,460.53
Group I SubGrp I 0000434403 FL 51.29 01-Apr-2005 159,000.00 158,221.82
Group I SubGrp I 0000434459 CA 83.94 01-Apr-2005 138,500.00 137,802.04
Group I SubGrp I 0000434611 VA 95.00 01-Apr-2005 95,000.00 94,495.13
Group I SubGrp I 0000434689 FL 100.00 01-Apr-2005 65,500.00 65,041.46
Group I SubGrp I 0000434796 NJ 100.00 01-Apr-2005 24,000.00 23,927.73
Group I SubGrp I 0000435104 IL 100.00 01-Apr-2005 41,600.00 41,527.59
Group I SubGrp I 0000435242 WI 100.00 01-Apr-2005 43,600.00 42,921.73
Group I SubGrp I 0000435347 AZ 100.00 01-Apr-2005 57,000.00 56,778.16
Group I SubGrp I 0000435747 CA 100.00 01-Apr-2005 66,800.00 66,546.49
Group I SubGrp I 0000436198 CA 100.00 01-Apr-2005 29,000.00 28,917.19
Group I SubGrp I 0000437165 CO 100.00 01-Apr-2005 49,000.00 48,890.22
Group I SubGrp I 0000437428 CA 100.00 01-May-2005 62,000.00 61,881.18
Group I SubGrp I 0000438049 NJ 85.00 01-Apr-2005 331,500.00 330,108.49
Group I SubGrp I 0000438094 IL 70.00 01-Apr-2005 301,000.00 299,704.61
Group I SubGrp I 0000438185 AZ 75.00 01-Apr-2005 261,000.00 259,758.52
Group I SubGrp I 0000439741 FL 100.00 01-Apr-2005 66,000.00 65,820.74
Group I SubGrp I 0000442666 GA 100.00 01-Apr-2005 25,000.00 24,673.53
Group I SubGrp I 0000443295 IL 85.00 01-Apr-2005 48,450.00 48,026.87
Group I SubGrp II 0000433399 TX 80.00 01-Jan-2005 111,652.00 110,678.39
Group I SubGrp II 0000433984 AZ 65.00 01-Feb-2005 152,750.00 152,492.64
Group I SubGrp II 0000434038 CA 75.00 01-Apr-2005 181,500.00 180,433.03
Group I SubGrp II 0000434049 PA 84.75 01-Apr-2005 250,000.00 248,835.15
Group I SubGrp II 0000434051 NV 95.00 01-Apr-2005 90,250.00 89,938.81
Group I SubGrp II 0000434062 CA 87.88 01-Apr-2005 145,000.00 144,210.43
Group I SubGrp II 0000434102 MD 80.00 01-Apr-2005 213,600.00 213,002.50
Group I SubGrp II 0000434181 AZ 80.00 01-Apr-2005 340,000.00 339,999.98
Group I SubGrp II 0000434237 CA 89.84 01-Apr-2005 274,000.00 273,929.79
Group I SubGrp II 0000434242 NJ 75.00 01-Apr-2005 270,000.00 268,790.78
Group I SubGrp II 0000434263 IL 85.00 01-Mar-2005 250,750.00 249,674.80
Group I SubGrp II 0000434359 MA 51.71 01-Apr-2005 181,000.00 179,242.54
Group I SubGrp II 0000434382 CA 68.63 01-Sep-2004 175,000.00 172,989.61
Group I SubGrp II 0000434463 CA 80.00 01-Apr-2005 136,000.00 136,000.00
Group I SubGrp II 0000434487 CA 81.25 01-Apr-2005 130,000.00 130,000.00
Group I SubGrp II 0000434563 AZ 80.00 01-Mar-2005 107,120.00 106,489.81
Group I SubGrp II 0000434644 FL 60.00 01-Apr-2005 83,400.00 83,104.66
Group I SubGrp II 0000434672 MI 80.00 01-Apr-2005 72,000.00 71,727.11
Group I SubGrp II 0000434790 RI 80.00 01-Apr-2005 154,140.00 153,502.64
Group I SubGrp II 0000434798 NJ 80.00 01-Apr-2005 96,000.00 95,472.15
Group I SubGrp II 0000434923 CA 63.60 01-Apr-2005 180,000.00 179,099.94
Group I SubGrp II 0000434930 NV 87.50 01-Apr-2005 147,000.00 146,098.18
Group I SubGrp II 0000434948 WV 90.00 01-Apr-2005 77,310.00 77,035.40
Group I SubGrp II 0000434949 CA 95.00 01-Apr-2005 342,950.00 342,949.98
Group I SubGrp II 0000435046 FL 50.98 01-Apr-2005 130,000.00 129,264.18
Group I SubGrp II 0000435061 CA 71.22 01-Apr-2005 349,000.00 346,659.92
Group I SubGrp II 0000435121 VA 79.66 01-Apr-2005 235,000.00 233,756.80
Group I SubGrp II 0000435123 CA 89.29 01-Apr-2005 250,000.00 249,828.22
Group I SubGrp II 0000435131 MI 95.00 01-Apr-2005 88,825.00 88,528.36
Group I SubGrp II 0000435263 OH 80.00 01-Mar-2005 300,000.00 297,723.16
Group I SubGrp II 0000435277 OH 100.00 01-Mar-2005 90,400.00 89,859.17
Group I SubGrp II 0000435315 AZ 80.00 01-Apr-2005 156,000.00 155,990.14
Group I SubGrp II 0000435505 ID 88.47 01-Feb-2005 56,000.00 55,553.88
Group I SubGrp II 0000435774 CA 80.00 01-Mar-2005 208,000.00 206,925.90
Group I SubGrp II 0000435941 CA 70.00 01-Apr-2005 220,500.00 220,500.00
Group I SubGrp II 0000436005 CA 80.00 01-Apr-2005 116,000.00 116,000.00
Group I SubGrp II 0000436213 AZ 79.99 01-Mar-2005 138,000.00 138,000.00
Group I SubGrp II 0000436999 OH 81.82 01-Apr-2005 135,000.00 135,000.00
Group I SubGrp II 0000437433 CA 80.00 01-May-2005 248,000.00 246,866.81
Group I SubGrp II 0000437547 CA 80.00 01-Apr-2005 280,000.00 279,924.17
Group I SubGrp II 0000437596 CA 80.00 01-Apr-2005 132,000.00 131,143.30
Group I SubGrp II 0000438019 IL 80.00 01-Apr-2005 346,565.00 344,909.24
Group I SubGrp II 0000438042 CA 80.00 01-Mar-2005 336,000.00 336,000.00
Group I SubGrp II 0000438060 AZ 90.00 01-Apr-2005 323,100.00 321,962.93
Group I SubGrp II 0000438071 NV 76.46 01-Apr-2005 315,000.00 313,612.04
Group I SubGrp II 0000438083 CA 81.32 01-Apr-2005 309,000.00 307,460.83
Group I SubGrp II 0000438101 CA 80.00 01-Apr-2005 297,600.00 296,222.97
Group I SubGrp II 0000438183 FL 76.00 01-Apr-2005 262,200.00 260,954.12
Group I SubGrp II 0000438188 CA 74.85 01-Apr-2005 259,744.00 258,348.54
Group I SubGrp II 0000438232 NV 85.00 01-Apr-2005 246,500.00 246,500.00
Group I SubGrp II 0000438236 VA 70.00 01-Apr-2005 245,000.00 243,920.07
Group I SubGrp II 0000438239 CA 85.00 01-Apr-2005 243,950.00 242,731.37
Group I SubGrp II 0000438252 CA 81.85 01-Apr-2005 239,000.00 237,804.94
Group I SubGrp II 0000438262 IL 79.00 01-Apr-2005 237,000.00 235,954.33
Group I SubGrp II 0000438351 MN 69.77 01-Apr-2005 212,790.00 211,440.95
Group I SubGrp II 0000438389 IL 87.02 01-May-2005 204,500.00 203,731.59
Group I SubGrp II 0000438494 AZ 90.00 01-Apr-2005 186,300.00 185,413.88
Group I SubGrp II 0000438594 IL 69.39 01-Apr-2005 170,000.00 169,230.34
Group I SubGrp II 0000438616 CO 83.62 01-Apr-2005 167,245.00 166,559.69
Group I SubGrp II 0000438723 FL 90.00 01-Apr-2005 153,000.00 152,272.27
Group I SubGrp II 0000438781 MD 70.73 01-Apr-2005 145,000.00 144,293.88
Group I SubGrp II 0000438870 AZ 84.99 01-Apr-2005 135,990.00 135,342.52
Group I SubGrp II 0000438876 FL 80.00 01-Apr-2005 135,600.00 134,735.58
Group I SubGrp II 0000438900 VA 87.34 01-Apr-2005 133,623.00 132,989.95
Group I SubGrp II 0000438902 AZ 90.00 01-Apr-2005 133,110.00 132,563.97
Group I SubGrp II 0000439004 MD 90.00 01-Apr-2005 124,200.00 123,704.22
Group I SubGrp II 0000439035 PA 80.00 01-Apr-2005 121,600.00 120,915.19
Group I SubGrp II 0000439088 IL 90.00 01-Apr-2005 117,000.00 116,578.77
Group I SubGrp II 0000439147 FL 90.00 01-Apr-2005 112,500.00 112,088.24
Group I SubGrp II 0000439249 KS 80.00 01-Apr-2005 104,000.00 103,480.53
Group I SubGrp II 0000439479 MI 77.48 01-Apr-2005 86,000.00 85,553.24
Group I SubGrp II 0000439594 CA 70.00 01-Apr-2005 76,998.00 76,682.83
Group I SubGrp II 0000439623 GA 75.00 01-Apr-2005 75,000.00 74,651.95
Group I SubGrp II 0000439746 IL 90.00 01-Apr-2005 65,700.00 65,285.28
Group I SubGrp II 0000439818 AR 90.00 01-Apr-2005 60,300.00 60,087.76
Group I SubGrp II 0000439905 IN 80.00 01-Apr-2005 54,400.00 54,176.85
Group I SubGrp II 0000441714 CA 80.00 01-Apr-2005 336,000.00 336,000.00
Group I SubGrp II 0000442153 CA 75.00 01-May-2005 105,000.00 104,630.24
Group I SubGrp II 0000442286 FL 85.06 01-May-2005 197,000.00 196,507.22
Group I SubGrp II 0000442307 IL 80.00 01-May-2005 152,000.00 151,353.49
Group I SubGrp II 0000442447 CA 69.98 01-May-2005 199,450.00 198,736.97
Group I SubGrp II 0000442455 FL 95.00 01-Apr-2005 185,250.00 185,250.00
Group I SubGrp II 0000442462 FL 79.76 01-May-2005 171,485.00 170,720.83
Group I SubGrp II 0000442463 FL 90.00 01-May-2005 171,000.00 170,372.62
Group I SubGrp II 0000442786 AL 80.00 01-May-2005 105,600.00 105,249.36
Group I SubGrp II 0000442808 VA 90.00 01-May-2005 104,400.00 104,078.92
Group I SubGrp II 0000442813 NC 80.00 01-May-2005 99,200.00 98,746.69
Group I SubGrp II 0000443148 CA 80.00 01-Apr-2005 236,000.00 234,777.42
Group I SubGrp II 0000443150 NJ 80.00 01-May-2005 232,000.00 231,148.86
Group I SubGrp II 0000443310 IL 65.18 01-Apr-2005 46,800.00 46,555.32
Group I SubGrp II 0000447531 IL 90.00 01-May-2005 206,100.00 205,433.79
Group I SubGrp II 0000447561 MI 80.00 01-Apr-2005 79,200.00 79,200.00
Grp II SubGrp I 0000433398 TX 100.00 01-Jan-2005 27,913.00 27,756.41
Grp II SubGrp I 0000433918 NM 100.00 01-Feb-2005 44,407.00 44,312.67
Grp II SubGrp I 0000434008 CA 95.00 01-Mar-2005 74,774.00 74,536.55
Grp II SubGrp I 0000434789 RI 100.00 01-Apr-2005 38,535.00 38,456.77
Grp II SubGrp I 0000435257 OH 100.00 01-Mar-2005 75,000.00 73,746.75
Grp II SubGrp I 0000435314 AZ 100.00 01-Apr-2005 39,000.00 38,878.54
Grp II SubGrp I 0000435932 CA 99.99 01-Apr-2005 90,850.00 90,521.13
Grp II SubGrp I 0000435951 CA 100.00 01-Apr-2005 78,000.00 77,771.27
Grp II SubGrp I 0000436212 AZ 99.99 01-Mar-2005 34,500.00 34,396.06
Grp II SubGrp I 0000437453 CA 99.99 01-May-2005 118,500.00 118,253.89
Grp II SubGrp I 0000438687 MD 79.62 01-Apr-2005 157,653.00 156,850.77
Grp II SubGrp I 0000438915 AZ 85.00 01-Apr-2005 131,750.00 131,164.63
Grp II SubGrp I 0000439186 CA 100.00 01-Mar-2005 110,000.00 109,632.87
Grp II SubGrp I 0000440022 CA 100.00 01-Mar-2005 42,200.00 42,091.74
Grp II SubGrp I 0000441562 NJ 100.00 01-Apr-2005 150,000.00 149,634.43
Grp II SubGrp I 0000441563 CA 100.00 01-Apr-2005 84,000.00 83,771.85
Grp II SubGrp I 0000441572 CA 100.00 01-Apr-2005 81,000.00 80,797.26
Grp II SubGrp I 0000442578 CA 100.00 01-Apr-2005 79,800.00 79,559.79
Grp II SubGrp I 0000443082 MD 99.62 01-Apr-2005 39,600.00 39,059.20
Grp II SubGrp II 0000434163 CA 80.00 01-Apr-2005 380,000.00 377,585.43
Grp II SubGrp II 0000434220 NJ 80.00 01-Apr-2005 288,000.00 286,385.85
Grp II SubGrp II 0000434278 CA 80.00 01-Apr-2005 236,000.00 235,999.97
Grp II SubGrp II 0000435031 NJ 80.00 01-Apr-2005 524,000.00 520,890.20
Grp II SubGrp II 0000435079 CA 80.00 01-Apr-2005 242,400.00 242,400.00
Grp II SubGrp II 0000435243 WI 79.99 01-Apr-2005 174,300.00 174,198.34
Grp II SubGrp II 0000435348 AZ 80.00 01-Apr-2005 228,000.00 227,771.89
Grp II SubGrp II 0000435933 CA 74.99 01-Apr-2005 272,550.00 272,548.31
Grp II SubGrp II 0000435954 CA 90.00 01-Apr-2005 364,500.00 364,499.71
Grp II SubGrp II 0000436166 FL 90.00 01-Feb-2005 207,000.00 205,862.60
Grp II SubGrp II 0000437454 CA 79.98 01-May-2005 473,900.00 471,836.80
Grp II SubGrp II 0000437466 CA 80.00 01-Apr-2005 279,200.00 279,200.00
Grp II SubGrp II 0000437767 FL 85.00 01-Apr-2005 729,300.00 726,019.66
Grp II SubGrp II 0000437797 IL 62.18 01-Mar-2005 600,000.00 596,236.13
Grp II SubGrp II 0000437868 CA 90.00 01-Apr-2005 472,500.00 470,561.92
Grp II SubGrp II 0000437875 FL 80.00 01-Apr-2005 456,000.00 453,883.82
Grp II SubGrp II 0000437894 CA 80.00 01-Mar-2005 440,000.00 440,000.00
Grp II SubGrp II 0000437923 CA 90.00 01-Apr-2005 405,000.00 403,291.52
Grp II SubGrp II 0000437925 CA 72.14 01-Apr-2005 404,000.00 401,551.86
Grp II SubGrp II 0000437962 CA 89.88 01-Apr-2005 382,000.00 380,228.96
Grp II SubGrp II 0000438068 CA 80.00 01-Mar-2005 315,200.00 315,198.58
Grp II SubGrp II 0000438190 OH 85.00 01-Apr-2005 259,165.00 258,188.69
Grp II SubGrp II 0000438396 IL 95.00 01-Apr-2005 203,300.00 202,566.03
Grp II SubGrp II 0000438605 CA 80.00 01-Mar-2005 168,800.00 168,800.00
Grp II SubGrp II 0000441435 MD 100.00 01-Apr-2005 225,000.00 224,055.53
Grp II SubGrp II 0000441718 CA 80.00 01-Apr-2005 324,000.00 324,000.00
Grp II SubGrp II 0000442261 NM 85.00 01-May-2005 361,250.00 359,752.03
Grp II SubGrp II 0000442384 NJ 90.00 01-May-2005 701,100.00 698,359.63
Grp II SubGrp II 0000442688 CA 81.88 01-May-2005 393,000.00 391,478.99
Grp II SubGrp II 0000442947 CA 90.00 01-Apr-2005 423,000.00 423,000.00
Grp II SubGrp II 0000443124 CA 80.00 01-May-2005 476,000.00 473,971.96
Grp II SubGrp II 0000443617 CA 90.00 01-May-2005 420,515.00 420,515.00
Grp II SubGrp II 0000447472 OR 80.00 01-May-2005 182,400.00 182,400.00
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 SubGrp I 0000433054 Loan Paid in Full 0 8.500% 240 7
Group I SubGrp I 0000434198 Loan Paid in Full 0 7.990% 360 8
Group I SubGrp I 0000434403 Loan Paid in Full 0 7.100% 360 5
Group I SubGrp I 0000434459 Loan Paid in Full 0 6.950% 360 5
Group I SubGrp I 0000434611 Loan Paid in Full 0 6.700% 360 5
Group I SubGrp I 0000434689 Loan Paid in Full 0 11.100% 240 5
Group I SubGrp I 0000434796 Loan Paid in Full 0 9.500% 360 5
Group I SubGrp I 0000435104 Loan Paid in Full 0 12.050% 360 5
Group I SubGrp I 0000435242 Loan Paid in Full (1) 10.250% 180 5
Group I SubGrp I 0000435347 Loan Paid in Full 0 8.250% 180 5
Group I SubGrp I 0000435747 Loan Paid in Full 0 8.375% 360 5
Group I SubGrp I 0000436198 Loan Paid in Full 0 9.750% 240 5
Group I SubGrp I 0000437165 Loan Paid in Full 0 10.990% 360 5
Group I SubGrp I 0000437428 Loan Paid in Full 0 10.750% 360 4
Group I SubGrp I 0000438049 Loan Paid in Full 0 7.875% 360 5
Group I SubGrp I 0000438094 Loan Paid in Full 0 7.750% 360 5
Group I SubGrp I 0000438185 Loan Paid in Full 0 7.245% 360 5
Group I SubGrp I 0000439741 Loan Paid in Full 0 9.990% 180 5
Group I SubGrp I 0000442666 Loan Paid in Full 1 11.365% 180 5
Group I SubGrp I 0000443295 Loan Paid in Full (1) 8.875% 360 5
Group I SubGrp II 0000433399 Loan Paid in Full (1) 6.250% 360 8
Group I SubGrp II 0000433984 Loan Paid in Full 0 5.750% 360 7
Group I SubGrp II 0000434038 Loan Paid in Full 0 6.150% 360 5
Group I SubGrp II 0000434049 Loan Paid in Full 0 7.350% 360 5
Group I SubGrp II 0000434051 Loan Paid in Full 0 8.850% 360 5
Group I SubGrp II 0000434062 Loan Paid in Full 0 6.550% 360 5
Group I SubGrp II 0000434102 Loan Paid in Full 0 9.850% 360 5
Group I SubGrp II 0000434181 Loan Paid in Full 0 5.800% 360 5
Group I SubGrp II 0000434237 Loan Paid in Full 0 6.150% 360 5
Group I SubGrp II 0000434242 Loan Paid in Full 0 7.550% 360 5
Group I SubGrp II 0000434263 Loan Paid in Full 0 8.550% 360 6
Group I SubGrp II 0000434359 Loan Paid in Full 0 6.250% 360 5
Group I SubGrp II 0000434382 Loan Paid in Full 0 7.250% 360 12
Group I SubGrp II 0000434463 Loan Paid in Full 0 6.500% 360 5
Group I SubGrp II 0000434487 Loan Paid in Full 0 6.990% 360 5
Group I SubGrp II 0000434563 Loan Paid in Full 0 7.500% 360 6
Group I SubGrp II 0000434644 Loan Paid in Full 2 8.800% 360 5
Group I SubGrp II 0000434672 Loan Paid in Full (1) 9.250% 360 5
Group I SubGrp II 0000434790 Loan Paid in Full (1) 7.950% 360 5
Group I SubGrp II 0000434798 Loan Paid in Full 0 6.500% 360 5
Group I SubGrp II 0000434923 Loan Paid in Full 0 6.990% 360 5
Group I SubGrp II 0000434930 Loan Paid in Full 0 5.925% 360 5
Group I SubGrp II 0000434948 Loan Paid in Full 0 8.700% 360 5
Group I SubGrp II 0000434949 Loan Paid in Full 0 5.650% 360 5
Group I SubGrp II 0000435046 Loan Paid in Full 0 6.775% 360 5
Group I SubGrp II 0000435061 Loan Paid in Full (1) 5.450% 360 5
Group I SubGrp II 0000435121 Loan Paid in Full 0 6.700% 360 5
Group I SubGrp II 0000435123 Loan Paid in Full 0 6.050% 360 5
Group I SubGrp II 0000435131 Loan Paid in Full 0 9.000% 360 5
Group I SubGrp II 0000435263 Loan Paid in Full 0 6.500% 360 6
Group I SubGrp II 0000435277 Loan Paid in Full 0 6.875% 360 6
Group I SubGrp II 0000435315 Loan Paid in Full 0 5.999% 360 5
Group I SubGrp II 0000435505 Loan Paid in Full (1) 6.750% 360 7
Group I SubGrp II 0000435774 Loan Paid in Full 0 7.625% 360 6
Group I SubGrp II 0000435941 Loan Paid in Full 0 5.990% 360 5
Group I SubGrp II 0000436005 Loan Paid in Full 1 6.375% 360 5
Group I SubGrp II 0000436213 Loan Paid in Full 0 6.625% 360 6
Group I SubGrp II 0000436999 Loan Paid in Full 0 7.625% 360 5
Group I SubGrp II 0000437433 Loan Paid in Full 0 6.500% 360 4
Group I SubGrp II 0000437547 Loan Paid in Full 0 6.500% 360 5
Group I SubGrp II 0000437596 Loan Paid in Full 2 5.625% 360 5
Group I SubGrp II 0000438019 Loan Paid in Full (1) 7.260% 360 5
Group I SubGrp II 0000438042 Loan Paid in Full 0 6.250% 360 6
Group I SubGrp II 0000438060 Loan Paid in Full 0 8.745% 360 5
Group I SubGrp II 0000438071 Loan Paid in Full 0 8.625% 360 5
Group I SubGrp II 0000438083 Loan Paid in Full 0 7.010% 360 5
Group I SubGrp II 0000438101 Loan Paid in Full 0 7.385% 360 5
Group I SubGrp II 0000438183 Loan Paid in Full 0 7.250% 360 5
Group I SubGrp II 0000438188 Loan Paid in Full 0 6.620% 360 5
Group I SubGrp II 0000438232 Loan Paid in Full 0 6.995% 360 5
Group I SubGrp II 0000438236 Loan Paid in Full 0 7.630% 360 5
Group I SubGrp II 0000438239 Loan Paid in Full 0 6.995% 360 5
Group I SubGrp II 0000438252 Loan Paid in Full 0 6.990% 360 5
Group I SubGrp II 0000438262 Loan Paid in Full 0 7.625% 360 5
Group I SubGrp II 0000438351 Loan Paid in Full 0 5.750% 360 5
Group I SubGrp II 0000438389 Loan Paid in Full 0 7.500% 360 4
Group I SubGrp II 0000438494 Loan Paid in Full 0 7.245% 360 5
Group I SubGrp II 0000438594 Loan Paid in Full 0 7.495% 360 5
Group I SubGrp II 0000438616 Loan Paid in Full 0 7.995% 360 5
Group I SubGrp II 0000438723 Loan Paid in Full 0 7.245% 360 5
Group I SubGrp II 0000438781 Loan Paid in Full 0 7.125% 360 5
Group I SubGrp II 0000438870 Loan Paid in Full 2 7.240% 360 5
Group I SubGrp II 0000438876 Loan Paid in Full 0 5.995% 360 5
Group I SubGrp II 0000438900 Loan Paid in Full 0 7.265% 360 5
Group I SubGrp II 0000438902 Loan Paid in Full 0 7.990% 360 5
Group I SubGrp II 0000439004 Loan Paid in Full 0 8.125% 360 5
Group I SubGrp II 0000439035 Loan Paid in Full 3 6.375% 360 5
Group I SubGrp II 0000439088 Loan Paid in Full 0 8.870% 360 5
Group I SubGrp II 0000439147 Loan Paid in Full 0 8.745% 360 5
Group I SubGrp II 0000439249 Loan Paid in Full 0 6.995% 360 5
Group I SubGrp II 0000439479 Loan Paid in Full 0 6.875% 360 5
Group I SubGrp II 0000439594 Loan Paid in Full 1 8.000% 360 5
Group I SubGrp II 0000439623 Loan Paid in Full 1 7.370% 360 5
Group I SubGrp II 0000439746 Loan Paid in Full 0 7.750% 360 5
Group I SubGrp II 0000439818 Loan Paid in Full 2 8.745% 360 5
Group I SubGrp II 0000439905 Loan Paid in Full 0 7.990% 360 5
Group I SubGrp II 0000441714 Loan Paid in Full 0 5.650% 360 5
Group I SubGrp II 0000442153 Loan Paid in Full 1 7.825% 360 4
Group I SubGrp II 0000442286 Loan Paid in Full 0 9.495% 360 4
Group I SubGrp II 0000442307 Loan Paid in Full 0 6.870% 360 4
Group I SubGrp II 0000442447 Loan Paid in Full 1 7.750% 360 4
Group I SubGrp II 0000442455 Loan Paid in Full 0 9.620% 360 5
Group I SubGrp II 0000442462 Loan Paid in Full 0 6.630% 360 4
Group I SubGrp II 0000442463 Loan Paid in Full 0 7.620% 360 4
Group I SubGrp II 0000442786 Loan Paid in Full 0 8.125% 360 4
Group I SubGrp II 0000442808 Loan Paid in Full 0 8.495% 360 4
Group I SubGrp II 0000442813 Loan Paid in Full 0 6.500% 360 4
Group I SubGrp II 0000443148 Loan Paid in Full 0 6.808% 360 5
Group I SubGrp II 0000443150 Loan Paid in Full 2 7.620% 360 4
Group I SubGrp II 0000443310 Loan Paid in Full 0 6.760% 360 5
Group I SubGrp II 0000447531 Loan Paid in Full 0 8.250% 360 4
Group I SubGrp II 0000447561 Loan Paid in Full 0 8.700% 360 5
Grp II SubGrp I 0000433398 Loan Paid in Full (1) 8.500% 180 8
Grp II SubGrp I 0000433918 Loan Paid in Full 0 12.500% 180 7
Grp II SubGrp I 0000434008 Loan Paid in Full 0 10.000% 180 6
Grp II SubGrp I 0000434789 Loan Paid in Full (1) 11.350% 360 5
Grp II SubGrp I 0000435257 Loan Paid in Full 0 11.125% 360 6
Grp II SubGrp I 0000435314 Loan Paid in Full 0 9.750% 360 5
Grp II SubGrp I 0000435932 Loan Paid in Full 0 8.625% 360 5
Grp II SubGrp I 0000435951 Loan Paid in Full 0 9.625% 360 5
Grp II SubGrp I 0000436212 Loan Paid in Full 0 10.250% 180 6
Grp II SubGrp I 0000437453 Loan Paid in Full 0 10.375% 360 4
Grp II SubGrp I 0000438687 Loan Paid in Full 0 6.900% 360 5
Grp II SubGrp I 0000438915 Loan Paid in Full (1) 7.590% 360 5
Grp II SubGrp I 0000439186 Loan Paid in Full (1) 10.500% 180 6
Grp II SubGrp I 0000440022 Loan Paid in Full 0 11.000% 180 6
Grp II SubGrp I 0000441562 Loan Paid in Full 0 10.500% 180 5
Grp II SubGrp I 0000441563 Loan Paid in Full 0 9.990% 180 5
Grp II SubGrp I 0000441572 Loan Paid in Full 0 10.375% 180 5
Grp II SubGrp I 0000442578 Loan Paid in Full 0 9.500% 180 5
Grp II SubGrp I 0000443082 Loan Paid in Full 0 10.875% 180 5
Grp II SubGrp II 0000434163 Loan Paid in Full 0 6.000% 360 5
Grp II SubGrp II 0000434220 Loan Paid in Full 1 6.400% 360 5
Grp II SubGrp II 0000434278 Loan Paid in Full 0 6.950% 360 5
Grp II SubGrp II 0000435031 Loan Paid in Full 0 6.100% 360 5
Grp II SubGrp II 0000435079 Loan Paid in Full 0 6.250% 360 5
Grp II SubGrp II 0000435243 Loan Paid in Full (1) 7.000% 360 5
Grp II SubGrp II 0000435348 Loan Paid in Full 0 6.000% 360 5
Grp II SubGrp II 0000435933 Loan Paid in Full 0 5.625% 360 5
Grp II SubGrp II 0000435954 Loan Paid in Full 0 5.500% 360 5
Grp II SubGrp II 0000436166 Loan Paid in Full (1) 8.000% 360 7
Grp II SubGrp II 0000437454 Loan Paid in Full 0 6.750% 360 4
Grp II SubGrp II 0000437466 Loan Paid in Full 0 6.250% 360 5
Grp II SubGrp II 0000437767 Loan Paid in Full 0 7.875% 360 5
Grp II SubGrp II 0000437797 Loan Paid in Full 0 6.630% 360 6
Grp II SubGrp II 0000437868 Loan Paid in Full 0 7.990% 360 5
Grp II SubGrp II 0000437875 Loan Paid in Full 0 7.370% 360 5
Grp II SubGrp II 0000437894 Loan Paid in Full (1) 5.990% 360 6
Grp II SubGrp II 0000437923 Loan Paid in Full 0 7.850% 360 5
Grp II SubGrp II 0000437925 Loan Paid in Full 0 5.990% 360 5
Grp II SubGrp II 0000437962 Loan Paid in Full 0 7.375% 360 5
Grp II SubGrp II 0000438068 Loan Paid in Full 0 7.365% 360 6
Grp II SubGrp II 0000438190 Loan Paid in Full (1) 8.495% 360 5
Grp II SubGrp II 0000438396 Loan Paid in Full 0 8.620% 360 5
Grp II SubGrp II 0000438605 Loan Paid in Full 0 6.990% 360 6
Grp II SubGrp II 0000441435 Loan Paid in Full 0 7.875% 360 5
Grp II SubGrp II 0000441718 Loan Paid in Full 0 5.650% 360 5
Grp II SubGrp II 0000442261 Loan Paid in Full 0 7.000% 360 4
Grp II SubGrp II 0000442384 Loan Paid in Full (1) 7.800% 360 4
Grp II SubGrp II 0000442688 Loan Paid in Full 0 7.380% 360 4
Grp II SubGrp II 0000442947 Loan Paid in Full 0 6.450% 360 5
Grp II SubGrp II 0000443124 Loan Paid in Full 0 6.900% 360 4
Grp II SubGrp II 0000443617 Loan Paid in Full 1 7.990% 360 4
Grp II SubGrp II 0000447472 Loan Paid in Full (1) 6.550% 360 4
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.099% Current Month 31.457% Current Month 3,101.705%
3 Month Average 2.184% 3 Month Average 23.042% 3 Month Average 2,801.125%
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 8.291% N/A May-2005 3,829.585% N/A
Jun-2005 11.449% N/A Jun-2005 2,762.838% N/A
Jul-2005 16.858% N/A Jul-2005 2,745.248% N/A
Aug-2005 20.810% N/A Aug-2005 2,556.421% N/A
Sep-2005 31.457% N/A Sep-2005 3,101.705% 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 SubGrp I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.245% Current Month 23.854% Current Month 2,293.604%
3 Month Average 1.398% 3 Month Average 15.336% 3 Month Average 1,759.269%
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 5.030% N/A May-2005 2,050.559% N/A
Jun-2005 5.378% N/A Jun-2005 1,219.814% N/A
Jul-2005 9.444% N/A Jul-2005 1,472.851% N/A
Aug-2005 12.711% N/A Aug-2005 1,511.352% N/A
Sep-2005 23.854% N/A Sep-2005 2,293.604% 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 SubGrp II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.542% Current Month 35.129% Current Month 3,542.281%
3 Month Average 2.582% 3 Month Average 26.704% 3 Month Average 3,372.936%
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 8.919% N/A May-2005 4,579.393% N/A
Jun-2005 9.071% N/A Jun-2005 2,306.020% N/A
Jul-2005 21.178% N/A Jul-2005 3,572.792% N/A
Aug-2005 23.805% N/A Aug-2005 3,003.734% N/A
Sep-2005 35.129% N/A Sep-2005 3,542.281% 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.
Grp II SubGrp I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.390% Current Month 25.199% Current Month 2,429.028%
3 Month Average 1.594% 3 Month Average 17.320% 3 Month Average 2,082.196%
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 18.080% N/A May-2005 7,486.034% N/A
Jun-2005 10.695% N/A Jun-2005 2,443.354% N/A
Jul-2005 16.643% N/A Jul-2005 2,609.845% N/A
Aug-2005 10.118% N/A Aug-2005 1,207.714% N/A
Sep-2005 25.199% N/A Sep-2005 2,429.028% 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.
Grp II SubGrp II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.914% Current Month 29.871% Current Month 2,901.580%
3 Month Average 2.011% 3 Month Average 21.371% 3 Month Average 2,518.684%
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 6.817% N/A May-2005 2,970.099% N/A
Jun-2005 15.502% N/A Jun-2005 3,618.804% N/A
Jul-2005 13.504% N/A Jul-2005 2,150.120% N/A
Aug-2005 20.738% N/A Aug-2005 2,504.352% N/A
Sep-2005 29.871% N/A Sep-2005 2,901.580% 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 SubGrp I 0 0.00 0.00 0.000%
Group I SubGrp II 0 0.00 0.00 0.000%
Grp II SubGrp I 0 0.00 0.00 0.000%
Grp II SubGrp II 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 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 N/A N/A Apr-2005 N/A 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 I SubGrp 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 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 N/A N/A Apr-2005 N/A 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 I SubGrp 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 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 N/A N/A Apr-2005 N/A 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.
Grp II SubGrp 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 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 N/A N/A Apr-2005 N/A 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.
Grp II SubGrp 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 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 N/A N/A Apr-2005 N/A 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>