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): October 25, 2005
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-28
Pooling and Servicing Agreement) (Commission 54-2179613
(State or other File Number) 54-2179614
jurisdiction 54-2179615
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-7
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2005-7 Trust, relating to the
October 25, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/27/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-7 Trust,
relating to the October 25, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 9/30/2005
Distribution Date: 10/25/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-7
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
CB1 05948KH36 SEN 5.50000% 19,277,000.00 88,352.92
CB2 05948KH44 SEN 5.00000% 122,246,504.79 509,360.44
CB3 05948KH51 SEN 4.13000% 30,561,626.20 105,182.93
CB4IO 05948KH69 SEN 3.37000% 0.00 85,827.23
CB5 05948KH77 SEN 5.50000% 11,087,000.00 50,815.42
CBR 05948KH85 SEN 5.50000% 0.00 0.00
2CB1 05948KH93 SEN 6.00000% 100,344,383.18 501,721.92
3CB1 05948KJ26 SEN 6.00000% 69,100,497.86 345,502.49
CBIO 05948KJ34 SEN 5.50000% 0.00 54,355.94
CBPO 05948KJ42 PO 0.00000% 733,734.11 0.00
B1 05948KJ59 SUB 5.74288% 5,986,287.67 28,648.80
B2 05948KJ67 SUB 5.74288% 2,805,510.94 13,426.44
B3 05948KJ75 SUB 5.74288% 2,244,608.36 10,742.10
B4 05948KJ83 SUB 5.74288% 1,309,438.05 6,266.63
B5 05948KJ91 SUB 5.74288% 1,309,438.05 6,266.63
B6 05948KK24 SUB 5.74288% 935,553.56 4,477.31
RL BAA0505RL SEN 0.00000% 0.00 0.00
RM BAA0505RM SEN 0.00000% 0.00 0.00
Totals 367,941,582.77 1,810,947.20
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB1 0.00 0.00 19,277,000.00 88,352.92 0.00
CB2 558,619.02 0.00 121,687,885.76 1,067,979.46 0.00
CB3 139,654.76 0.00 30,421,971.44 244,837.69 0.00
CB4IO 0.00 0.00 0.00 85,827.23 0.00
CB5 0.00 0.00 11,087,000.00 50,815.42 0.00
CBR 0.00 0.00 0.00 0.00 0.00
2CB1 1,402,015.69 0.00 98,942,367.50 1,903,737.61 0.00
3CB1 820,406.53 0.00 68,280,091.32 1,165,909.02 0.00
CBIO 0.00 0.00 0.00 54,355.94 0.00
CBPO 2,413.18 0.00 731,320.93 2,413.18 0.00
B1 5,910.88 0.00 5,980,376.79 34,559.68 0.00
B2 2,770.17 0.00 2,802,740.77 16,196.61 0.00
B3 2,216.33 0.00 2,242,392.03 12,958.43 0.00
B4 1,292.94 0.00 1,308,145.11 7,559.57 0.00
B5 1,292.94 0.00 1,308,145.11 7,559.57 0.00
B6 923.61 0.00 934,629.96 5,400.92 0.00
RL 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00
Totals 2,937,516.05 0.00 365,004,066.72 4,748,463.25 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
CB1 19,277,000.00 19,277,000.00 0.00 0.00 0.00 0.00
CB2 123,372,000.00 122,246,504.79 151,143.72 407,475.30 0.00 0.00
CB3 30,843,000.00 30,561,626.20 37,785.93 101,868.82 0.00 0.00
CB4IO 0.00 0.00 0.00 0.00 0.00 0.00
CB5 11,087,000.00 11,087,000.00 0.00 0.00 0.00 0.00
CBR 100.00 0.00 0.00 0.00 0.00 0.00
2CB1 103,936,000.00 100,344,383.18 93,482.97 1,308,532.72 0.00 0.00
3CB1 70,951,000.00 69,100,497.86 65,937.53 754,469.01 0.00 0.00
CBIO 0.00 0.00 0.00 0.00 0.00 0.00
CBPO 744,414.00 733,734.11 824.52 1,588.66 0.00 0.00
B1 5,998,000.00 5,986,287.67 5,910.88 0.00 0.00 0.00
B2 2,811,000.00 2,805,510.94 2,770.17 0.00 0.00 0.00
B3 2,249,000.00 2,244,608.36 2,216.33 0.00 0.00 0.00
B4 1,312,000.00 1,309,438.05 1,292.94 0.00 0.00 0.00
B5 1,312,000.00 1,309,438.05 1,292.94 0.00 0.00 0.00
B6 937,384.00 935,553.56 923.61 0.00 0.00 0.00
RL 0.00 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00 0.00
Totals 374,829,898.00 367,941,582.77 363,581.54 2,573,934.51 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
CB1 0.00 19,277,000.00 1.00000000 0.00
CB2 558,619.02 121,687,885.76 0.98634930 558,619.02
CB3 139,654.76 30,421,971.44 0.98634930 139,654.76
CB4IO 0.00 0.00 0.00000000 0.00
CB5 0.00 11,087,000.00 1.00000000 0.00
CBR 0.00 0.00 0.00000000 0.00
2CB1 1,402,015.69 98,942,367.50 0.95195474 1,402,015.69
3CB1 820,406.53 68,280,091.32 0.96235559 820,406.53
CBIO 0.00 0.00 0.00000000 0.00
CBPO 2,413.18 731,320.93 0.98241157 2,413.18
B1 5,910.88 5,980,376.79 0.99706182 5,910.88
B2 2,770.17 2,802,740.77 0.99706182 2,770.17
B3 2,216.33 2,242,392.03 0.99706182 2,216.33
B4 1,292.94 1,308,145.11 0.99706182 1,292.94
B5 1,292.94 1,308,145.11 0.99706182 1,292.94
B6 923.61 934,629.96 0.99706199 923.61
RL 0.00 0.00 0.00000000 0.00
RM 0.00 0.00 0.00000000 0.00
Totals 2,937,516.05 365,004,066.72 0.97378589 2,937,516.05
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
CB1 19,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB2 123,372,000.00 990.87722328 1.22510553 3.30281831 0.00000000
CB3 30,843,000.00 990.87722336 1.22510553 3.30281814 0.00000000
CB4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB5 11,087,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CBR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 103,936,000.00 965.44395763 0.89942821 12.58979295 0.00000000
3CB1 70,951,000.00 973.91858973 0.92933898 10.63366281 0.00000000
CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CBPO 744,414.00 985.65329239 1.10760948 2.13410817 0.00000000
B1 5,998,000.00 998.04729410 0.98547516 0.00000000 0.00000000
B2 2,811,000.00 998.04729278 0.98547492 0.00000000 0.00000000
B3 2,249,000.00 998.04729213 0.98547354 0.00000000 0.00000000
B4 1,312,000.00 998.04729421 0.98547256 0.00000000 0.00000000
B5 1,312,000.00 998.04729421 0.98547256 0.00000000 0.00000000
B6 937,384.00 998.04728905 0.98530592 0.00000000 0.00000000
RL 0.00 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
2) All classes are per 1,000 dollar denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
CB1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB2 0.00000000 4.52792384 986.34929935 0.98634930 4.52792384
CB3 0.00000000 4.52792400 986.34929935 0.98634930 4.52792400
CB4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CBR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 0.00000000 13.48922116 951.95473657 0.95195474 13.48922116
3CB1 0.00000000 11.56300165 962.35558794 0.96235559 11.56300165
CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CBPO 0.00000000 3.24171765 982.41157474 0.98241157 3.24171765
B1 0.00000000 0.98547516 997.06181894 0.99706182 0.98547516
B2 0.00000000 0.98547492 997.06181786 0.99706182 0.98547492
B3 0.00000000 0.98547354 997.06181859 0.99706182 0.98547354
B4 0.00000000 0.98547256 997.06182165 0.99706182 0.98547256
B5 0.00000000 0.98547256 997.06182165 0.99706182 0.98547256
B6 0.00000000 0.98530592 997.06199380 0.99706199 0.98530592
RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
CB1 19,277,000.00 5.50000% 19,277,000.00 88,352.92 0.00 0.00
CB2 123,372,000.00 5.00000% 122,246,504.79 509,360.44 0.00 0.00
CB3 30,843,000.00 4.13000% 30,561,626.20 105,182.93 0.00 0.00
CB4IO 0.00 3.37000% 30,561,626.20 85,827.23 0.00 0.00
CB5 11,087,000.00 5.50000% 11,087,000.00 50,815.42 0.00 0.00
CBR 100.00 5.50000% 0.00 0.00 0.00 0.00
2CB1 103,936,000.00 6.00000% 100,344,383.18 501,721.92 0.00 0.00
3CB1 70,951,000.00 6.00000% 69,100,497.86 345,502.49 0.00 0.00
CBIO 0.00 5.50000% 11,859,478.58 54,355.94 0.00 0.00
CBPO 744,414.00 0.00000% 733,734.11 0.00 0.00 0.00
B1 5,998,000.00 5.74288% 5,986,287.67 28,648.80 0.00 0.00
B2 2,811,000.00 5.74288% 2,805,510.94 13,426.44 0.00 0.00
B3 2,249,000.00 5.74288% 2,244,608.36 10,742.10 0.00 0.00
B4 1,312,000.00 5.74288% 1,309,438.05 6,266.63 0.00 0.00
B5 1,312,000.00 5.74288% 1,309,438.05 6,266.63 0.00 0.00
B6 937,384.00 5.74288% 935,553.56 4,477.31 0.00 0.00
RL 0.00 0.00000% 0.00 0.00 0.00 0.00
RM 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 374,829,898.00 1,810,947.20 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
CB1 0.00 0.00 88,352.92 0.00 19,277,000.00
CB2 0.00 0.00 509,360.44 0.00 121,687,885.76
CB3 0.00 0.00 105,182.93 0.00 30,421,971.44
CB4IO 0.00 0.00 85,827.23 0.00 30,421,971.44
CB5 0.00 0.00 50,815.42 0.00 11,087,000.00
CBR 0.00 0.00 0.00 0.00 0.00
2CB1 0.00 0.00 501,721.92 0.00 98,942,367.50
3CB1 0.00 0.00 345,502.49 0.00 68,280,091.32
CBIO 0.00 0.00 54,355.94 0.00 11,730,879.09
CBPO 0.00 0.00 0.00 0.00 731,320.93
B1 0.00 0.00 28,648.80 0.00 5,980,376.79
B2 0.00 0.00 13,426.44 0.00 2,802,740.77
B3 0.00 0.00 10,742.10 0.00 2,242,392.03
B4 0.00 0.00 6,266.63 0.00 1,308,145.11
B5 0.00 0.00 6,266.63 0.00 1,308,145.11
B6 0.00 0.00 4,477.31 0.00 934,629.96
RL 0.00 0.00 0.00 0.00 0.00
RM 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,810,947.20 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
CB1 19,277,000.00 5.50000% 1000.00000000 4.58333351 0.00000000 0.00000000
CB2 123,372,000.00 5.00000% 990.87722328 4.12865512 0.00000000 0.00000000
CB3 30,843,000.00 4.13000% 990.87722336 3.41026910 0.00000000 0.00000000
CB4IO 0.00 3.37000% 990.87722336 2.78271342 0.00000000 0.00000000
CB5 11,087,000.00 5.50000% 1000.00000000 4.58333363 0.00000000 0.00000000
CBR 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 103,936,000.00 6.00000% 965.44395763 4.82721983 0.00000000 0.00000000
3CB1 70,951,000.00 6.00000% 973.91858973 4.86959296 0.00000000 0.00000000
CBIO 0.00 5.50000% 970.77555362 4.44938767 0.00000000 0.00000000
CBPO 744,414.00 0.00000% 985.65329239 0.00000000 0.00000000 0.00000000
B1 5,998,000.00 5.74288% 998.04729410 4.77639213 0.00000000 0.00000000
B2 2,811,000.00 5.74288% 998.04729278 4.77639274 0.00000000 0.00000000
B3 2,249,000.00 5.74288% 998.04729213 4.77638951 0.00000000 0.00000000
B4 1,312,000.00 5.74288% 998.04729421 4.77639482 0.00000000 0.00000000
B5 1,312,000.00 5.74288% 998.04729421 4.77639482 0.00000000 0.00000000
B6 937,384.00 5.74288% 998.04728905 4.77638833 0.00000000 0.00000000
RL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
5) All classes are per 1,000 dollar denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
CB1 0.00000000 0.00000000 4.58333351 0.00000000 1000.00000000
CB2 0.00000000 0.00000000 4.12865512 0.00000000 986.34929935
CB3 0.00000000 0.00000000 3.41026910 0.00000000 986.34929935
CB4IO 0.00000000 0.00000000 2.78271342 0.00000000 986.34929935
CB5 0.00000000 0.00000000 4.58333363 0.00000000 1000.00000000
CBR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2CB1 0.00000000 0.00000000 4.82721983 0.00000000 951.95473657
3CB1 0.00000000 0.00000000 4.86959296 0.00000000 962.35558794
CBIO 0.00000000 0.00000000 4.44938767 0.00000000 960.24884789
CBPO 0.00000000 0.00000000 0.00000000 0.00000000 982.41157474
B1 0.00000000 0.00000000 4.77639213 0.00000000 997.06181894
B2 0.00000000 0.00000000 4.77639274 0.00000000 997.06181786
B3 0.00000000 0.00000000 4.77638951 0.00000000 997.06181859
B4 0.00000000 0.00000000 4.77639482 0.00000000 997.06182165
B5 0.00000000 0.00000000 4.77639482 0.00000000 997.06182165
B6 0.00000000 0.00000000 4.77638833 0.00000000 997.06199380
RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
RM 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1CBIO 5.50000% 6,718,172.50 6,694,598.43 0.00 0.00 98.87981328%
2CBIO 5.50000% 3,710,858.41 3,619,549.92 0.00 0.00 90.95948608%
3CBIO 5.50000% 1,430,447.67 1,416,730.74 0.00 0.00 96.58913115%
1CBPO 0.00000% 0.00 0.00 661,584.11 659,665.68 98.36800525%
2CBPO 0.00000% 0.00 0.00 30,757.47 30,727.11 98.47485819%
3CBPO 0.00000% 0.00 0.00 41,392.53 40,928.14 96.07319077%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,827,110.76
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 4,827,110.76
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 78,647.51
Payment of Interest and Principal 4,748,463.25
Total Withdrawals (Pool Distribution Amount) 4,827,110.76
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 76,654.49
Wells Fargo Bank, N.A. 1,993.02
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 78,647.51
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
65,776.28 0.00 0.00 65,776.28
30 Days 16 0 0 0 16
2,455,079.68 0.00 0.00 0.00 2,455,079.68
60 Days 2 0 0 0 2
200,422.20 0.00 0.00 0.00 200,422.20
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 18 1 0 0 19
2,655,501.88 65,776.28 0.00 0.00 2,721,278.16
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 0.040355% 0.000000% 0.000000% 0.040355%
0.018007% 0.000000% 0.000000% 0.018007%
30 Days 0.645682% 0.000000% 0.000000% 0.000000% 0.645682%
0.672105% 0.000000% 0.000000% 0.000000% 0.672105%
60 Days 0.080710% 0.000000% 0.000000% 0.000000% 0.080710%
0.054868% 0.000000% 0.000000% 0.000000% 0.054868%
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 0.726392% 0.040355% 0.000000% 0.000000% 0.766747%
0.726972% 0.018007% 0.000000% 0.000000% 0.744979%
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 11 0 0 0 11
1,810,609.33 0.00 0.00 0.00 1,810,609.33
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 11 0 0 0 11
1,810,609.33 0.00 0.00 0.00 1,810,609.33
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.918197% 0.000000% 0.000000% 0.000000% 0.918197%
0.949067% 0.000000% 0.000000% 0.000000% 0.949067%
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 0.918197% 0.000000% 0.000000% 0.000000% 0.918197%
0.949067% 0.000000% 0.000000% 0.000000% 0.949067%
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 2 0 0 0 2
469,561.96 0.00 0.00 0.00 469,561.96
60 Days 2 0 0 0 2
200,422.20 0.00 0.00 0.00 200,422.20
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
669,984.16 0.00 0.00 0.00 669,984.16
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.243013% 0.000000% 0.000000% 0.000000% 0.243013%
0.454733% 0.000000% 0.000000% 0.000000% 0.454733%
60 Days 0.243013% 0.000000% 0.000000% 0.000000% 0.243013%
0.194093% 0.000000% 0.000000% 0.000000% 0.194093%
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 0.486027% 0.000000% 0.000000% 0.000000% 0.486027%
0.648826% 0.000000% 0.000000% 0.000000% 0.648826%
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 1 0 0 1
65,776.28 0.00 0.00 65,776.28
30 Days 3 0 0 0 3
174,908.39 0.00 0.00 0.00 174,908.39
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 3 1 0 0 4
174,908.39 65,776.28 0.00 0.00 240,684.67
0-29 Days 0.218818% 0.000000% 0.000000% 0.218818%
0.092326% 0.000000% 0.000000% 0.092326%
30 Days 0.656455% 0.000000% 0.000000% 0.000000% 0.656455%
0.245508% 0.000000% 0.000000% 0.000000% 0.245508%
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 0.656455% 0.218818% 0.000000% 0.000000% 0.875274%
0.245508% 0.092326% 0.000000% 0.000000% 0.337834%
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 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-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 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-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 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-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 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-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 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.162699%
Weighted Average Pass-Through Rate 5.906199%
Weighted Average Maturity(Stepdown Calculation) 282
Beginning Scheduled Collateral Loan Count 2,495
Number Of Loans Paid In Full 17
Ending Scheduled Collateral Loan Count 2,478
Beginning Scheduled Collateral Balance 367,941,583.41
Ending Scheduled Collateral Balance 365,004,067.19
Ending Actual Collateral Balance at 30-Sep-2005 365,282,351.43
Monthly P&I Constant 2,253,176.07
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 4,659,402.12
Class AP Deferred Amount 0.00
Scheduled Principal 363,581.71
Unscheduled Principal 2,573,934.51
Miscellaneous Reporting
Senior % 96.026546%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 5.930596 6.449881 6.362293
Weighted Average Net Rate 5.680596 6.199881 6.112293
Weighted Average Maturity 353 176 318
Beginning Loan Count 1,201 834 460
Loans Paid In Full 3 11 3
Ending Loan Count 1,198 823 457
Beginning Scheduled Balance 191,336,797.27 104,586,644.47 72,018,141.67
Ending Scheduled Balance 190,628,866.14 103,180,674.90 71,194,526.15
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 1,143,040.90 659,579.06 450,556.11
Scheduled Principal 197,423.12 97,436.23 68,722.36
Unscheduled Principal 510,508.01 1,308,533.34 754,893.16
Scheduled Interest 945,617.78 562,142.83 381,833.75
Servicing Fees 39,861.83 21,788.88 15,003.78
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,036.41 566.51 390.10
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 904,719.54 539,787.44 366,439.87
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 5.674096 6.193381 6.105792
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.162699
Weighted Average Net Rate 5.912699
Weighted Average Maturity 282
Beginning Loan Count 2,495
Loans Paid In Full 17
Ending Loan Count 2,478
Beginning Scheduled Balance 367,941,583.41
Ending scheduled Balance 365,004,067.19
Record Date 09/30/2005
Principal And Interest Constant 2,253,176.07
Scheduled Principal 363,581.71
Unscheduled Principal 2,573,934.51
Scheduled Interest 1,889,594.36
Servicing Fees 76,654.49
Master Servicing Fees 0.00
Trustee Fee 1,993.02
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,810,946.85
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.906199
Miscellaneous Reporting
Group 1
CPR 3.158377%
Subordinate % 3.935006%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.064994%
Group 2
CPR 14.034714%
Subordinate % 4.027993%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.972007%
Group 3
CPR 11.888676%
Subordinate % 3.996083%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.003917%
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 3 432,000.00 431,063.88 0 0.00 0.00
2 11 1,251,612.00 1,248,886.66 0 0.00 0.00
3 3 584,250.00 582,904.10 0 0.00 0.00
Total 17 2,267,862.00 2,262,854.64 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 79,884.33
2 0 0.00 0.00 0 0.00 0.00 60,765.00
3 0 0.00 0.00 0 0.00 0.00 172,544.57
Total 0 0.00 0.00 0 0.00 0.00 313,193.90
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 6025301091 WI 80.00 01-Aug-2005 144,000.00 143,546.79
1 6826037936 NC 80.00 01-Jul-2005 64,000.00 63,749.24
1 6931635905 CA 80.00 01-Aug-2005 224,000.00 223,327.65
2 3302264878 FL 75.00 01-Aug-2005 52,500.00 52,356.68
2 3302422096 CA 38.46 01-Aug-2005 100,000.00 99,720.63
2 6210329527 SC 70.00 01-Aug-2005 154,000.00 153,569.82
2 6313851880 MD 90.00 01-Aug-2005 42,750.00 42,641.63
2 6352211962 WI 80.00 01-Aug-2005 62,400.00 62,225.67
2 6385043135 SC 72.50 01-Aug-2005 87,000.00 86,773.99
2 6400809205 NC 75.00 01-Jul-2005 156,000.00 155,471.23
2 6485698952 CA 71.22 01-Jul-2005 198,000.00 197,312.31
2 6664840672 VA 80.00 01-Jul-2005 232,800.00 231,971.58
2 6973155689 MD 90.00 01-Aug-2005 126,000.00 125,664.62
2 6989812497 MD 89.99 01-Aug-2005 40,162.00 40,060.18
3 6622810825 IL 53.12 01-Aug-2005 170,000.00 169,513.57
3 6797549158 SC 64.14 01-Jul-2005 263,000.00 262,017.83
3 6855857147 IL 79.96 01-Aug-2005 151,250.00 150,817.19
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 6025301091 Loan Paid in Full 0 5.750% 360 2
1 6826037936 Loan Paid in Full 0 6.125% 360 3
1 6931635905 Loan Paid in Full 0 6.000% 360 2
2 3302264878 Loan Paid in Full 0 6.500% 360 2
2 3302422096 Loan Paid in Full 0 6.375% 360 2
2 6210329527 Loan Paid in Full 0 6.375% 360 2
2 6313851880 Loan Paid in Full 0 6.875% 360 2
2 6352211962 Loan Paid in Full 0 6.375% 360 2
2 6385043135 Loan Paid in Full 0 6.750% 360 2
2 6400809205 Loan Paid in Full 0 6.875% 360 3
2 6485698952 Loan Paid in Full 0 6.750% 360 3
2 6664840672 Loan Paid in Full 0 6.625% 360 3
2 6973155689 Loan Paid in Full 0 6.625% 360 2
2 6989812497 Loan Paid in Full 0 6.875% 360 2
3 6622810825 Loan Paid in Full (1) 6.250% 360 2
3 6797549158 Loan Paid in Full 0 6.375% 360 3
3 6855857147 Loan Paid in Full 0 6.250% 360 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.700% Current Month 8.087% Current Month 1,576.381%
3 Month Average 0.784% 3 Month Average 8.973% 3 Month Average 3,684.329%
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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 6.120% N/A Aug-2005 5,412.666% N/A
Sep-2005 12.712% N/A Sep-2005 4,063.940% N/A
Oct-2005 8.087% N/A Oct-2005 1,576.381% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.267% Current Month 3.158% Current Month 626.469%
3 Month Average 0.269% 3 Month Average 3.178% 3 Month Average 1,372.892%
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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 2.216% N/A Aug-2005 2,123.953% N/A
Sep-2005 4.159% N/A Sep-2005 1,368.254% N/A
Oct-2005 3.158% N/A Oct-2005 626.469% 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 1.252% Current Month 14.035% Current Month 2,720.018%
3 Month Average 1.473% 3 Month Average 16.038% 3 Month Average 6,075.655%
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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 8.612% N/A Aug-2005 7,441.936% N/A
Sep-2005 25.465% N/A Sep-2005 8,065.010% N/A
Oct-2005 14.035% N/A Oct-2005 2,720.018% 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 1.049% Current Month 11.889% Current Month 2,233.351%
3 Month Average 1.131% 3 Month Average 12.753% 3 Month Average 5,249.365%
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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 12.232% N/A Aug-2005 9,255.175% N/A
Sep-2005 14.140% N/A Sep-2005 4,259.570% N/A
Oct-2005 11.889% N/A Oct-2005 2,233.351% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-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>