UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K/A
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
IMPAC SECURED ASSETS CORPORATION
Mortgage Pass-Through Certificates, Series 2005-1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-117991-03
Pooling and Servicing Agreement) (Commission 54-2176762
(State or other File Number) 54-2176763
jurisdiction 54-2176764
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
Subsequent to filing the 8-K relating to the payment date on September 26,
2005, a revision was made to the IMPAC SECURED ASSETS CORPORATION, Mortgage
Pass-Through Certificates, Series 2005-1 Trust which was not included in the
original 8-K filed. The 8-K is being amended because the deal delinquencies were
updated. This revision was not previously disclosed in a 1934 Act filing. The
revised data has been and will continue to be available on the Wells Fargo Bank,
website at www.ctslink.com.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Amended monthly report distributed to
holders of Mortgage Pass-Through
Certificates, Series 2005-1 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.
IMPAC SECURED ASSETS CORPORATION
Mortgage Pass-Through Certificates, Series 2005-1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/24/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of
Mortgage Pass-Through Certificates, Series 2005-1
Trust, relating to the September 26, 2005
distribution.
EX-99.1
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
Record Date: 8/31/2005
Distribution Date: 9/26/2005
Impac Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
Series 2005-1
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>
1A1 45254TRN6 SEN 4.29486% 24,371,886.97 87,228.11
1AX 45254TSK1 SEN 0.86000% 0.00 17,466.52
2A1 45254TRP1 SEN 5.25382% 18,133,488.65 79,391.72
3A1 45254TRQ9 SEN 4.98476% 61,872,042.31 257,014.31
3AX 45254TSL9 SEN 0.35000% 0.00 22,239.94
4A1 45254TRR7 SEN 5.14463% 11,526,478.63 49,416.26
5A1 45254TRS5 SEN 3.91125% 42,483,336.05 147,700.40
5A2 45254TRT3 SEN 3.75125% 99,167,740.09 330,669.32
5A3 45254TRU0 SEN 3.92125% 160,394,000.00 559,062.20
5A4 45254TRV8 SEN 4.02125% 19,837,000.00 70,906.25
5A5 45254TRW6 SEN 3.99125% 35,765,304.51 126,887.35
5A6 45254TRX4 SEN 3.95125% 47,203,706.72 155,428.04
5A7 45254TRY2 SEN 3.99125% 11,800,926.68 41,867.07
5AX 45254TRZ9 SEN 1.60320% 0.00 647,495.40
B1 45254TSD7 SUB 5.62760% 30,740,989.35 144,165.05
B2 45254TSE5 SUB 5.62760% 13,944,180.76 65,393.59
B3 45254TSF2 SUB 5.62760% 8,873,842.27 41,615.38
B4 45254TSG0 SUB 5.62760% 8,872,842.40 41,610.69
B5 45254TSH8 SUB 5.62760% 6,972,090.38 32,696.79
B6 45254TSJ4 SUB 5.62760% 5,071,509.54 23,783.70
R1 45254TSA3 SEN 4.31733% 0.00 0.00
R2 45254TSB1 SEN 4.31733% 0.00 0.00
R3 45254TSC9 SEN 4.31733% 0.00 0.00
Totals 607,031,365.31 2,942,038.09
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 575,033.98 0.00 23,796,852.99 662,262.09 0.00
1AX 0.00 0.00 0.00 17,466.52 0.00
2A1 709,247.53 0.00 17,424,241.12 788,639.25 0.00
3A1 723,172.62 0.00 61,148,869.69 980,186.93 0.00
3AX 0.00 0.00 0.00 22,239.94 0.00
4A1 2,334.85 0.00 11,524,143.78 51,751.11 0.00
5A1 1,271,244.27 0.00 41,212,091.78 1,418,944.67 0.00
5A2 8,360,549.82 0.00 90,807,190.27 8,691,219.14 0.00
5A3 0.00 0.00 160,394,000.00 559,062.20 0.00
5A4 0.00 0.00 19,837,000.00 70,906.25 0.00
5A5 1,070,218.18 0.00 34,695,086.33 1,197,105.53 0.00
5A6 1,412,493.63 0.00 45,791,213.09 1,567,921.67 0.00
5A7 353,123.41 0.00 11,447,803.27 394,990.48 0.00
5AX 0.00 0.00 0.00 647,495.40 0.00
B1 1,945.78 0.00 30,739,043.58 146,110.83 0.00
B2 882.61 0.00 13,943,298.15 66,276.20 0.00
B3 561.68 0.00 8,873,280.59 42,177.06 0.00
B4 561.61 0.00 8,872,280.78 42,172.30 0.00
B5 441.30 0.00 6,971,649.08 33,138.09 0.00
B6 321.01 0.00 5,071,188.54 24,104.71 0.00
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00
Totals 14,482,132.28 0.00 592,549,233.04 17,424,170.37 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 25,200,000.00 24,371,886.97 696.61 574,337.37 0.00 0.00
1AX 0.00 0.00 0.00 0.00 0.00 0.00
2A1 18,136,000.00 18,133,488.65 0.00 709,247.53 0.00 0.00
3A1 62,836,000.00 61,872,042.31 960.34 722,212.28 0.00 0.00
3AX 0.00 0.00 0.00 0.00 0.00 0.00
4A1 11,922,000.00 11,526,478.63 1,264.12 1,070.73 0.00 0.00
5A1 45,000,000.00 42,483,336.05 3,135.53 1,268,108.74 0.00 0.00
5A2 115,719,000.00 99,167,740.09 20,621.37 8,339,928.46 0.00 0.00
5A3 160,394,000.00 160,394,000.00 0.00 0.00 0.00 0.00
5A4 19,837,000.00 19,837,000.00 0.00 0.00 0.00 0.00
5A5 37,884,000.00 35,765,304.51 2,639.70 1,067,578.47 0.00 0.00
5A6 50,000,000.00 47,203,706.72 3,483.93 1,409,009.71 0.00 0.00
5A7 12,500,000.00 11,800,926.68 870.98 352,252.43 0.00 0.00
5AX 0.00 0.00 0.00 0.00 0.00 0.00
B1 30,745,000.00 30,740,989.35 1,945.78 0.00 0.00 0.00
B2 13,946,000.00 13,944,180.76 882.61 0.00 0.00 0.00
B3 8,875,000.00 8,873,842.27 561.68 0.00 0.00 0.00
B4 8,874,000.00 8,872,842.40 561.61 0.00 0.00 0.00
B5 6,973,000.00 6,972,090.38 441.30 0.00 0.00 0.00
B6 5,072,171.20 5,071,509.54 321.01 0.00 0.00 0.00
R1 100.00 0.00 0.00 0.00 0.00 0.00
R2 100.00 0.00 0.00 0.00 0.00 0.00
R3 100.00 0.00 0.00 0.00 0.00 0.00
Totals 633,913,471.20 607,031,365.31 38,386.57 14,443,745.72 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>
1A1 575,033.98 23,796,852.99 0.94431956 575,033.98
1AX 0.00 0.00 0.00000000 0.00
2A1 709,247.53 17,424,241.12 0.96075436 709,247.53
3A1 723,172.62 61,148,869.69 0.97315026 723,172.62
3AX 0.00 0.00 0.00000000 0.00
4A1 2,334.85 11,524,143.78 0.96662840 2,334.85
5A1 1,271,244.27 41,212,091.78 0.91582426 1,271,244.27
5A2 8,360,549.82 90,807,190.27 0.78472153 8,360,549.82
5A3 0.00 160,394,000.00 1.00000000 0.00
5A4 0.00 19,837,000.00 1.00000000 0.00
5A5 1,070,218.18 34,695,086.33 0.91582426 1,070,218.18
5A6 1,412,493.63 45,791,213.09 0.91582426 1,412,493.63
5A7 353,123.41 11,447,803.27 0.91582426 353,123.41
5AX 0.00 0.00 0.00000000 0.00
B1 1,945.78 30,739,043.58 0.99980626 1,945.78
B2 882.61 13,943,298.15 0.99980626 882.61
B3 561.68 8,873,280.59 0.99980626 561.68
B4 561.61 8,872,280.78 0.99980626 561.61
B5 441.30 6,971,649.08 0.99980626 441.30
B6 321.01 5,071,188.54 0.99980626 321.01
R1 0.00 0.00 0.00000000 0.00
R2 0.00 0.00 0.00000000 0.00
R3 0.00 0.00 0.00000000 0.00
Totals 14,482,132.28 592,549,233.04 0.93474782 14,482,132.28
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>
1A1 25,200,000.00 967.13837183 0.02764325 22.79116548 0.00000000
1AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 18,136,000.00 999.86152680 0.00000000 39.10716420 0.00000000
3A1 62,836,000.00 984.65914937 0.01528328 11.49360685 0.00000000
3AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4A1 11,922,000.00 966.82424342 0.10603254 0.08981127 0.00000000
5A1 45,000,000.00 944.07413444 0.06967844 28.18019422 0.00000000
5A2 115,719,000.00 856.97024767 0.17820211 72.07051962 0.00000000
5A3 160,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A4 19,837,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5A5 37,884,000.00 944.07413446 0.06967849 28.18019401 0.00000000
5A6 50,000,000.00 944.07413440 0.06967860 28.18019420 0.00000000
5A7 12,500,000.00 944.07413440 0.06967840 28.18019440 0.00000000
5AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 30,745,000.00 999.86955115 0.06328769 0.00000000 0.00000000
B2 13,946,000.00 999.86955113 0.06328768 0.00000000 0.00000000
B3 8,875,000.00 999.86955155 0.06328789 0.00000000 0.00000000
B4 8,874,000.00 999.86955150 0.06328713 0.00000000 0.00000000
B5 6,973,000.00 999.86955113 0.06328696 0.00000000 0.00000000
B6 5,072,171.20 999.86955093 0.06328848 0.00000000 0.00000000
R1 100.00 0.00000000 0.00000000 0.00000000 0.00000000
R2 100.00 0.00000000 0.00000000 0.00000000 0.00000000
R3 100.00 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>
1A1 0.00000000 22.81880873 944.31956310 0.94431956 22.81880873
1AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 39.10716420 960.75436259 0.96075436 39.10716420
3A1 0.00000000 11.50889013 973.15025925 0.97315026 11.50889013
3AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4A1 0.00000000 0.19584382 966.62839960 0.96662840 0.19584382
5A1 0.00000000 28.24987267 915.82426178 0.91582426 28.24987267
5A2 0.00000000 72.24872164 784.72152602 0.78472153 72.24872164
5A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5A5 0.00000000 28.24987277 915.82426169 0.91582426 28.24987277
5A6 0.00000000 28.24987260 915.82426180 0.91582426 28.24987260
5A7 0.00000000 28.24987280 915.82426160 0.91582426 28.24987280
5AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.06328769 999.80626378 0.99980626 0.06328769
B2 0.00000000 0.06328768 999.80626344 0.99980626 0.06328768
B3 0.00000000 0.06328789 999.80626366 0.99980626 0.06328789
B4 0.00000000 0.06328713 999.80626324 0.99980626 0.06328713
B5 0.00000000 0.06328696 999.80626416 0.99980626 0.06328696
B6 0.00000000 0.06328848 999.80626443 0.99980626 0.06328848
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 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>
1A1 25,200,000.00 4.29486% 24,371,886.97 87,228.11 0.00 0.00
1AX 0.00 0.86000% 24,371,886.97 17,466.52 0.00 0.00
2A1 18,136,000.00 5.25382% 18,133,488.65 79,391.72 0.00 0.00
3A1 62,836,000.00 4.98476% 61,872,042.31 257,014.31 0.00 0.00
3AX 0.00 0.35000% 61,872,042.31 18,046.01 0.00 0.00
4A1 11,922,000.00 5.14463% 11,526,478.63 49,416.26 0.00 0.00
5A1 45,000,000.00 3.91125% 42,483,336.05 147,700.40 0.00 0.00
5A2 115,719,000.00 3.75125% 99,167,740.09 330,669.32 0.00 0.00
5A3 160,394,000.00 3.92125% 160,394,000.00 559,062.20 0.00 0.00
5A4 19,837,000.00 4.02125% 19,837,000.00 70,906.25 0.00 0.00
5A5 37,884,000.00 3.99125% 35,765,304.51 126,887.35 0.00 0.00
5A6 50,000,000.00 3.95125% 47,203,706.72 155,428.04 0.00 0.00
5A7 12,500,000.00 3.99125% 11,800,926.68 41,867.07 0.00 0.00
5AX 0.00 1.60320% 416,652,014.06 556,645.86 0.00 0.00
B1 30,745,000.00 5.62760% 30,740,989.35 144,165.05 0.00 0.00
B2 13,946,000.00 5.62760% 13,944,180.76 65,393.59 0.00 0.00
B3 8,875,000.00 5.62760% 8,873,842.27 41,615.38 0.00 0.00
B4 8,874,000.00 5.62760% 8,872,842.40 41,610.69 0.00 0.00
B5 6,973,000.00 5.62760% 6,972,090.38 32,696.79 0.00 0.00
B6 5,072,171.20 5.62760% 5,071,509.54 23,783.70 0.00 0.00
R1 100.00 4.31733% 0.00 0.00 0.00 0.00
R2 100.00 4.31733% 0.00 0.00 0.00 0.00
R3 100.00 4.31733% 0.00 0.00 0.00 0.00
Totals 633,913,471.20 2,846,994.62 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>
1A1 0.00 0.00 87,228.11 0.00 23,796,852.99
1AX 0.00 0.00 17,466.52 0.00 23,796,852.99
2A1 0.00 0.00 79,391.72 0.00 17,424,241.12
3A1 0.00 0.00 257,014.31 0.00 61,148,869.69
3AX 0.00 0.00 22,239.94 0.00 61,148,869.69
4A1 0.00 0.00 49,416.26 0.00 11,524,143.78
5A1 0.00 0.00 147,700.40 0.00 41,212,091.78
5A2 0.00 0.00 330,669.32 0.00 90,807,190.27
5A3 0.00 0.00 559,062.20 0.00 160,394,000.00
5A4 0.00 0.00 70,906.25 0.00 19,837,000.00
5A5 0.00 0.00 126,887.35 0.00 34,695,086.33
5A6 0.00 0.00 155,428.04 0.00 45,791,213.09
5A7 0.00 0.00 41,867.07 0.00 11,447,803.27
5AX 0.00 0.00 647,495.40 0.00 404,184,384.74
B1 0.00 0.00 144,165.05 0.00 30,739,043.58
B2 0.00 0.00 65,393.59 0.00 13,943,298.15
B3 0.00 0.00 41,615.38 0.00 8,873,280.59
B4 0.00 0.00 41,610.69 0.00 8,872,280.78
B5 0.00 0.00 32,696.79 0.00 6,971,649.08
B6 0.00 0.00 23,783.70 0.00 5,071,188.54
R1 0.00 0.00 0.00 0.00 0.00
R2 0.00 0.00 0.00 0.00 0.00
R3 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 2,942,038.09 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>
1A1 25,200,000.00 4.29486% 967.13837183 3.46143294 0.00000000 0.00000000
1AX 0.00 0.86000% 967.13837183 0.69311587 0.00000000 0.00000000
2A1 18,136,000.00 5.25382% 999.86152680 4.37757609 0.00000000 0.00000000
3A1 62,836,000.00 4.98476% 984.65914937 4.09023983 0.00000000 0.00000000
3AX 0.00 0.35000% 984.65914937 0.28719221 0.00000000 0.00000000
4A1 11,922,000.00 5.14463% 966.82424342 4.14496393 0.00000000 0.00000000
5A1 45,000,000.00 3.91125% 944.07413444 3.28223111 0.00000000 0.00000000
5A2 115,719,000.00 3.75125% 856.97024767 2.85751968 0.00000000 0.00000000
5A3 160,394,000.00 3.92125% 1000.00000000 3.48555557 0.00000000 0.00000000
5A4 19,837,000.00 4.02125% 1000.00000000 3.57444422 0.00000000 0.00000000
5A5 37,884,000.00 3.99125% 944.07413446 3.34936517 0.00000000 0.00000000
5A6 50,000,000.00 3.95125% 944.07413440 3.10856080 0.00000000 0.00000000
5A7 12,500,000.00 3.99125% 944.07413440 3.34936560 0.00000000 0.00000000
5AX 0.00 1.60320% 944.07413447 1.26128025 0.00000000 0.00000000
B1 30,745,000.00 5.62760% 999.86955115 4.68905676 0.00000000 0.00000000
B2 13,946,000.00 5.62760% 999.86955113 4.68905708 0.00000000 0.00000000
B3 8,875,000.00 5.62760% 999.86955155 4.68905690 0.00000000 0.00000000
B4 8,874,000.00 5.62760% 999.86955150 4.68905680 0.00000000 0.00000000
B5 6,973,000.00 5.62760% 999.86955113 4.68905636 0.00000000 0.00000000
B6 5,072,171.20 5.62760% 999.86955093 4.68905703 0.00000000 0.00000000
R1 100.00 4.31733% 0.00000000 0.00000000 0.00000000 0.00000000
R2 100.00 4.31733% 0.00000000 0.00000000 0.00000000 0.00000000
R3 100.00 4.31733% 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>
1A1 0.00000000 0.00000000 3.46143294 0.00000000 944.31956310
1AX 0.00000000 0.00000000 0.69311587 0.00000000 944.31956310
2A1 0.00000000 0.00000000 4.37757609 0.00000000 960.75436259
3A1 0.00000000 0.00000000 4.09023983 0.00000000 973.15025925
3AX 0.00000000 0.00000000 0.35393628 0.00000000 973.15025925
4A1 0.00000000 0.00000000 4.14496393 0.00000000 966.62839960
5A1 0.00000000 0.00000000 3.28223111 0.00000000 915.82426178
5A2 0.00000000 0.00000000 2.85751968 0.00000000 784.72152602
5A3 0.00000000 0.00000000 3.48555557 0.00000000 1000.00000000
5A4 0.00000000 0.00000000 3.57444422 0.00000000 1000.00000000
5A5 0.00000000 0.00000000 3.34936517 0.00000000 915.82426169
5A6 0.00000000 0.00000000 3.10856080 0.00000000 915.82426180
5A7 0.00000000 0.00000000 3.34936560 0.00000000 915.82426160
5AX 0.00000000 0.00000000 1.46713238 0.00000000 915.82426176
B1 0.00000000 0.00000000 4.68905676 0.00000000 999.80626378
B2 0.00000000 0.00000000 4.68905708 0.00000000 999.80626344
B3 0.00000000 0.00000000 4.68905690 0.00000000 999.80626366
B4 0.00000000 0.00000000 4.68905680 0.00000000 999.80626324
B5 0.00000000 0.00000000 4.68905636 0.00000000 999.80626416
B6 0.00000000 0.00000000 4.68905703 0.00000000 999.80626443
R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
R3 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 17,520,847.62
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 95,043.47
Total Deposits 17,615,891.09
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 191,720.72
Payment of Interest and Principal 17,424,170.37
Total Withdrawals (Pool Distribution Amount) 17,615,891.09
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 189,697.29
Wells Fargo Bank, N.A. 2,023.43
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 191,720.72
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
Reserve Fund 0.00 0.00 0.00 0.00
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 1 0 0 1
167,998.87 0.00 0.00 167,998.87
30 Days 66 0 0 0 66
19,620,258.53 0.00 0.00 0.00 19,620,258.53
60 Days 16 0 2 0 18
4,256,598.65 0.00 958,200.00 0.00 5,214,798.65
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 82 1 2 0 85
23,876,857.18 167,998.87 958,200.00 0.00 25,003,056.05
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 0.048828% 0.000000% 0.000000% 0.048828%
0.028352% 0.000000% 0.000000% 0.028352%
30 Days 3.222656% 0.000000% 0.000000% 0.000000% 3.222656%
3.311161% 0.000000% 0.000000% 0.000000% 3.311161%
60 Days 0.781250% 0.000000% 0.097656% 0.000000% 0.878906%
0.718354% 0.000000% 0.161708% 0.000000% 0.880062%
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 4.003906% 0.048828% 0.097656% 0.000000% 4.150391%
4.029514% 0.028352% 0.161708% 0.000000% 4.219574%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 2 0 0 0 2
359,500.00 0.00 0.00 0.00 359,500.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
359,500.00 0.00 0.00 0.00 359,500.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 3.773585% 0.000000% 0.000000% 0.000000% 3.773585%
1.806803% 0.000000% 0.000000% 0.000000% 1.806803%
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 3.773585% 0.000000% 0.000000% 0.000000% 3.773585%
1.806803% 0.000000% 0.000000% 0.000000% 1.806803%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
731,499.09 0.00 0.00 0.00 731,499.09
60 Days 0 0 1 0 1
0.00 0.00 735,000.00 0.00 735,000.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 3 0 1 0 4
731,499.09 0.00 735,000.00 0.00 1,466,499.09
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.408451% 0.000000% 0.000000% 0.000000% 1.408451%
1.049363% 0.000000% 0.000000% 0.000000% 1.049363%
60 Days 0.000000% 0.000000% 0.469484% 0.000000% 0.469484%
0.000000% 0.000000% 1.054385% 0.000000% 1.054385%
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 1.408451% 0.000000% 0.469484% 0.000000% 1.877934%
1.049363% 0.000000% 1.054385% 0.000000% 2.103748%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
176,000.00 0.00 0.00 0.00 176,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
176,000.00 0.00 0.00 0.00 176,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.857143% 0.000000% 0.000000% 0.000000% 2.857143%
1.335974% 0.000000% 0.000000% 0.000000% 1.335974%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.857143% 0.000000% 0.000000% 0.000000% 2.857143%
1.335974% 0.000000% 0.000000% 0.000000% 1.335974%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
167,998.87 0.00 0.00 167,998.87
30 Days 62 0 0 0 62
18,712,759.44 0.00 0.00 0.00 18,712,759.44
60 Days 14 0 1 0 15
3,897,098.65 0.00 223,200.00 0.00 4,120,298.65
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 76 1 1 0 78
22,609,858.09 167,998.87 223,200.00 0.00 23,001,056.96
0-29 Days 0.060241% 0.000000% 0.000000% 0.060241%
0.036330% 0.000000% 0.000000% 0.036330%
30 Days 3.734940% 0.000000% 0.000000% 0.000000% 3.734940%
4.046671% 0.000000% 0.000000% 0.000000% 4.046671%
60 Days 0.843373% 0.000000% 0.060241% 0.000000% 0.903614%
0.842755% 0.000000% 0.048267% 0.000000% 0.891023%
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 4.578313% 0.060241% 0.060241% 0.000000% 4.698795%
4.889427% 0.036330% 0.048267% 0.000000% 4.974024%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
5 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current REO Total Feb-05 0.000%
Loans in REO 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 2 Oct-04 0.000%
Original Principal Balance 958,200.00 Nov-04 0.000%
Current Principal Balance 958,200.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 2 Mar-05 0.000%
Original Principal Balance 958,200.00 Apr-05 0.000%
Current Principal Balance 958,200.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.162%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Oct-04 0.000%
Original Principal Balance 735,000.00 Nov-04 0.000%
Current Principal Balance 735,000.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 1 Mar-05 0.000%
Original Principal Balance 735,000.00 Apr-05 0.000%
Current Principal Balance 735,000.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.054%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Oct-04 0.000%
Original Principal Balance 0.00 Nov-04 0.000%
Current Principal Balance 0.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 0 Mar-05 0.000%
Original Principal Balance 0.00 Apr-05 0.000%
Current Principal Balance 0.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
5 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Oct-04 0.000%
Original Principal Balance 223,200.00 Nov-04 0.000%
Current Principal Balance 223,200.00 Dec-04 0.000%
Jan-05 0.000%
Current Foreclosure Total Feb-05 0.000%
Loans in Foreclosure 1 Mar-05 0.000%
Original Principal Balance 223,200.00 Apr-05 0.000%
Current Principal Balance 223,200.00 May-05 0.000%
Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.048%
*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>
3 2503102919 Sep-2005 01-Jun-2005 CA 0.00 735,000.00
5 1103388858 Sep-2005 01-Apr-2005 IL 0.00 223,200.00
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>
3 2503102919 735,000.00 01-May-2005 3 5.625% 12,789.00
5 1103388858 223,200.00 01-May-2005 3 6.810% 4,765.32
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.074147%
Weighted Average Net Coupon 5.699147%
Weighted Average Pass-Through Rate 5.628035%
Weighted Average Maturity(Stepdown Calculation) 356
Beginning Scheduled Collateral Loan Count 2,095
Number Of Loans Paid In Full 47
Ending Scheduled Collateral Loan Count 2,048
Beginning Scheduled Collateral Balance 607,031,365.32
Ending Scheduled Collateral Balance 592,549,233.04
Ending Actual Collateral Balance at 31-Aug-2005 592,549,233.04
Monthly P&I Constant 3,111,051.42
Special Servicing Fee 0.00
Prepayment Penalties 95,043.47
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 38,386.57
Unscheduled Principal 14,443,745.71
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 5.569185 5.662818 5.751584
Weighted Average Net Rate 5.194185 5.287818 5.376584
Weighted Average Maturity 356 356 357
Beginning Loan Count 88 54 215
Loans Paid In Full 1 1 2
Ending Loan Count 87 53 213
Beginning Scheduled Balance 27,921,035.03 20,606,271.61 70,432,197.59
Ending Scheduled Balance 27,345,899.61 19,897,024.08 69,708,892.10
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 130,379.23 97,241.31 338,673.81
Scheduled Principal 798.05 0.00 1,093.21
Unscheduled Principal 574,337.37 709,247.53 722,212.28
Scheduled Interest 129,581.18 97,241.31 337,580.60
Servicing Fees 8,725.32 6,439.46 22,010.06
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 93.07 68.69 234.77
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 821.99 515.16 2,220.23
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 119,940.80 90,218.00 313,115.54
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.154858 5.253818 5.334757
Group Level Collateral Statement
Group 4 5 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 5.553632 6.183966 6.074147
Weighted Average Net Rate 5.178632 5.808966 5.699147
Weighted Average Maturity 356 356 356
Beginning Loan Count 35 1,703 2,095
Loans Paid In Full 0 43 47
Ending Loan Count 35 1,660 2,048
Beginning Scheduled Balance 13,176,423.53 474,895,437.56 607,031,365.32
Ending scheduled Balance 13,173,907.73 462,423,509.52 592,549,233.04
Record Date 08/31/2005 08/31/2005 08/31/2005
Principal And Interest Constant 62,425.91 2,482,331.16 3,111,051.42
Scheduled Principal 1,445.07 35,050.24 38,386.57
Unscheduled Principal 1,070.73 12,436,877.80 14,443,745.71
Scheduled Interest 60,980.84 2,447,280.92 3,072,664.85
Servicing Fees 4,117.63 148,404.82 189,697.29
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 43.92 1,582.98 2,023.43
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 329.41 30,062.76 33,949.55
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 56,489.88 2,267,230.36 2,846,994.58
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.144632 5.729001 5.628035
Prepayment Detail - Prepayments during Current Period
Summary Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
1 1 574,000.00 574,000.00 0 0.00 0.00
2 1 708,900.00 708,900.00 0 0.00 0.00
3 2 722,365.00 722,365.00 0 0.00 0.00
4 0 0.00 0.00 0 0.00 0.00
5 43 12,430,683.00 12,426,047.97 0 0.00 0.00
Total 47 14,435,948.00 14,431,312.97 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1 0 0.00 0.00 0 0.00 0.00 337.37
2 0 0.00 0.00 0 0.00 0.00 347.53
3 0 0.00 0.00 0 0.00 0.00 (152.72)
4 0 0.00 0.00 0 0.00 0.00 1,070.73
5 0 0.00 0.00 0 0.00 0.00 11,989.58
Total 0 0.00 0.00 0 0.00 0.00 13,592.49
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
1 1103382875 CA 0.00 01-May-2005 574,000.00 574,000.00
2 1103414380 CA 0.00 01-Jun-2005 708,900.00 708,900.00
3 1103391480 CA 0.00 01-Jun-2005 178,465.00 178,465.00
3 1103392767 CA 0.00 01-May-2005 543,900.00 543,900.00
5 1103367873 CA 0.00 01-Jun-2005 321,200.00 321,200.00
5 1103369230 CA 0.00 01-Mar-2005 270,100.00 270,076.11
5 1103382792 CA 0.00 01-May-2005 750,000.00 750,234.37
5 1103387126 NJ 0.00 01-May-2005 192,000.00 192,000.00
5 1103387162 NC 0.00 01-May-2005 166,050.00 166,050.00
5 1103394269 AZ 0.00 01-May-2005 218,000.00 218,000.00
5 1103394938 NJ 0.00 01-Jun-2005 165,000.00 165,000.00
5 1103396094 GA 0.00 01-May-2005 191,300.00 191,300.00
5 1103396230 IL 0.00 01-May-2005 146,400.00 146,400.00
5 1103396318 NV 0.00 01-May-2005 199,192.00 199,192.00
5 1103397482 VA 0.00 01-May-2005 190,000.00 189,887.34
5 1103399709 CA 0.00 01-May-2005 115,020.00 115,020.00
5 1103401083 AZ 0.00 01-May-2005 152,000.00 151,338.24
5 1103401607 CA 0.00 01-Jun-2005 359,000.00 357,869.60
5 1103401690 CA 0.00 01-Jun-2005 291,830.00 291,830.00
5 1103401972 CA 0.00 01-May-2005 356,993.00 356,993.00
5 1103402064 CA 0.00 01-Mar-2005 259,000.00 259,000.00
5 1103405224 FL 0.00 01-Jun-2005 238,000.00 237,132.37
5 1103406286 CA 0.00 01-Jun-2005 455,200.00 455,200.00
5 1103406729 CA 0.00 01-May-2005 335,300.00 335,300.00
5 1103407183 CA 0.00 01-May-2005 520,000.00 519,998.67
5 1103407198 CA 0.00 01-May-2005 410,400.00 410,400.00
5 1103408679 CA 0.00 01-Jun-2005 488,000.00 486,425.04
5 1103408760 CA 0.00 01-Jun-2005 243,750.00 243,750.00
5 1103409310 MN 0.00 01-May-2005 115,425.00 115,425.00
5 1103410981 VA 0.00 01-Apr-2005 167,280.00 167,280.00
5 1103411041 MO 0.00 01-Apr-2005 106,400.00 106,389.92
5 1103411074 CA 0.00 01-Apr-2005 208,000.00 208,000.00
5 1103411078 CA 0.00 01-May-2005 322,480.00 322,480.00
5 1103411105 MD 0.00 01-Apr-2005 390,231.00 390,231.00
5 1103413179 VA 0.00 01-Feb-2005 228,000.00 228,000.00
5 1103413189 MD 0.00 01-May-2005 356,000.00 356,000.00
5 1103414394 CA 0.00 01-Jun-2005 107,800.00 107,800.00
5 1103414395 CA 0.00 01-Jun-2005 724,000.00 724,000.00
5 1103414638 VA 0.00 01-May-2005 382,500.00 382,500.00
5 1103414683 CA 0.00 01-May-2005 214,000.00 214,000.00
5 1103414699 VA 0.00 01-May-2005 304,932.00 304,932.00
5 1103414707 CA 0.00 01-May-2005 450,000.00 450,000.00
5 1103414719 IL 0.00 01-May-2005 262,500.00 262,278.20
5 1103415480 CA 0.00 01-Jun-2005 252,000.00 252,000.00
5 2503101839 CA 0.00 01-Jun-2005 177,800.00 177,800.00
5 2503105102 CA 0.00 01-Jun-2005 272,500.00 272,500.00
5 2503108192 AZ 0.00 01-Jun-2005 355,100.00 353,675.36
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
1 1103382875 Loan Paid in Full 1 5.125% 360 4
2 1103414380 Loan Paid in Full 0 6.000% 360 3
3 1103391480 Loan Paid in Full 0 5.875% 360 3
3 1103392767 Loan Paid in Full 1 6.000% 360 4
5 1103367873 Loan Paid in Full 0 6.875% 360 3
5 1103369230 Loan Paid in Full 0 5.990% 360 6
5 1103382792 Loan Paid in Full 0 7.000% 360 4
5 1103387126 Loan Paid in Full 1 7.625% 360 4
5 1103387162 Loan Paid in Full 0 8.125% 360 4
5 1103394269 Loan Paid in Full 0 6.375% 360 4
5 1103394938 Loan Paid in Full 0 7.125% 360 3
5 1103396094 Loan Paid in Full 0 5.500% 360 4
5 1103396230 Loan Paid in Full 0 5.625% 360 4
5 1103396318 Loan Paid in Full 0 6.875% 360 4
5 1103397482 Loan Paid in Full 0 6.500% 360 4
5 1103399709 Loan Paid in Full 0 6.250% 360 4
5 1103401083 Loan Paid in Full 0 6.750% 360 4
5 1103401607 Loan Paid in Full 0 7.250% 360 3
5 1103401690 Loan Paid in Full 0 6.125% 360 3
5 1103401972 Loan Paid in Full 1 6.875% 360 4
5 1103402064 Loan Paid in Full 2 5.125% 360 6
5 1103405224 Loan Paid in Full 0 6.500% 360 3
5 1103406286 Loan Paid in Full 1 6.250% 360 3
5 1103406729 Loan Paid in Full 0 5.375% 360 4
5 1103407183 Loan Paid in Full 0 6.500% 360 4
5 1103407198 Loan Paid in Full 0 5.750% 360 4
5 1103408679 Loan Paid in Full 0 7.125% 360 3
5 1103408760 Loan Paid in Full 0 6.875% 360 3
5 1103409310 Loan Paid in Full 0 7.375% 360 4
5 1103410981 Loan Paid in Full 0 6.640% 360 5
5 1103411041 Loan Paid in Full 0 6.790% 360 5
5 1103411074 Loan Paid in Full 0 5.990% 360 5
5 1103411078 Loan Paid in Full 0 5.590% 360 4
5 1103411105 Loan Paid in Full 1 5.690% 360 5
5 1103413179 Loan Paid in Full 0 7.250% 360 7
5 1103413189 Loan Paid in Full 1 7.000% 360 4
5 1103414394 Loan Paid in Full 0 6.000% 360 3
5 1103414395 Loan Paid in Full 0 6.500% 360 3
5 1103414638 Loan Paid in Full 0 6.000% 360 4
5 1103414683 Loan Paid in Full 0 8.500% 360 4
5 1103414699 Loan Paid in Full 1 5.500% 360 4
5 1103414707 Loan Paid in Full 1 6.875% 360 4
5 1103414719 Loan Paid in Full 0 6.875% 360 4
5 1103415480 Loan Paid in Full 0 6.250% 360 3
5 2503101839 Loan Paid in Full 0 4.875% 360 3
5 2503105102 Loan Paid in Full 0 5.500% 360 3
5 2503108192 Loan Paid in Full 0 6.000% 360 3
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.380% Current Month 25.099% Current Month 3,359.052%
3 Month Average 2.217% 3 Month Average 23.477% 3 Month Average 4,461.179%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 17.583% N/A Jul-2005 4,956.730% N/A
Aug-2005 27.749% N/A Aug-2005 5,067.756% N/A
Sep-2005 25.099% N/A Sep-2005 3,359.052% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.057% Current Month 22.075% Current Month 2,912.379%
3 Month Average 1.644% 3 Month Average 17.210% 3 Month Average 2,734.681%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.032% N/A Jul-2005 8.822% N/A
Aug-2005 29.522% N/A Aug-2005 5,282.842% N/A
Sep-2005 22.075% N/A Sep-2005 2,912.379% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.442% Current Month 34.315% Current Month 4,779.223%
3 Month Average 1.151% 3 Month Average 11.487% 3 Month Average 1,606.709%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.101% N/A Jul-2005 32.128% N/A
Aug-2005 0.045% N/A Aug-2005 8.774% N/A
Sep-2005 34.315% N/A Sep-2005 4,779.223% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.025% Current Month 11.634% Current Month 1,651.744%
3 Month Average 0.792% 3 Month Average 9.089% 3 Month Average 1,942.450%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 8.257% N/A Jul-2005 2,714.502% N/A
Aug-2005 7.376% N/A Aug-2005 1,461.103% N/A
Sep-2005 11.634% N/A Sep-2005 1,651.744% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.008% Current Month 0.097% Current Month 11.099%
3 Month Average 0.968% 3 Month Average 9.938% 3 Month Average 2,074.483%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 29.717% N/A Jul-2005 6,212.349% N/A
Aug-2005 0.000% N/A Aug-2005 0.001% N/A
Sep-2005 0.097% N/A Sep-2005 11.099% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
5
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.619% Current Month 27.274% Current Month 3,633.977%
3 Month Average 2.535% 3 Month Average 26.372% 3 Month Average 4,992.009%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 20.045% N/A Jul-2005 5,572.012% N/A
Aug-2005 31.797% N/A Aug-2005 5,770.037% N/A
Sep-2005 27.274% N/A Sep-2005 3,633.977% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 0 0.00 0.00 0.000%
4 0 0.00 0.00 0.000%
5 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
5
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Oct-2004 N/A N/A Oct-2004 N/A N/A
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<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>