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 2005-4 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-21
Pooling and Servicing Agreement) (Commission 54-2173102
(State or other File Number) 54-2173103
jurisdiction 54-2173104
of Incorporation) 54-6658784
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 2005-4
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 2005-4 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 2005-4 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 2005-4 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 2005-4
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>
CB-1 05948KZA0 SEN 4.23000% 47,250,931.60 166,559.53
CB-2 05948KZB8 SEN 4.33000% 82,816,409.22 298,829.21
CB-3 05948KZC6 SEN 1.17000% 0.00 80,746.00
CB-4 05948KZD4 SEN 1.27000% 0.00 50,007.24
CB-5 05948KZE2 SEN 5.50000% 9,000,000.00 41,250.00
CB-6 05948KZF9 SEN 4.23000% 82,934,713.12 292,344.86
CB-7 05948KZG7 SEN 1.27000% 0.00 87,772.57
CB-8 05948KZH5 SEN 5.50000% 20,000,000.00 91,666.67
CB-9 05948KZJ1 SEN 5.50000% 833,000.00 3,817.92
CB-10 05948KZK8 SEN 5.50000% 12,775,795.60 58,555.73
CB-11 05948KZL6 SEN 5.50000% 4,998,204.40 22,908.44
CB-12 05948KZM4 SEN 5.50000% 4,039,188.37 18,512.95
CB-13 05948KZN2 SEN 5.50000% 12,410,000.00 56,879.17
CB-R 05948KZP7 SEN 5.50000% 0.00 0.00
CB-IO 05948KZQ5 SEN 5.50000% 0.00 70,811.51
2-A-1 05948KZR3 SEN 5.00000% 18,582,058.43 77,425.24
3-A-1 05948KZS1 SEN 5.50000% 28,669,353.25 131,401.20
A-PO 05948KZU6 PO 0.00000% 1,223,748.45 0.00
15-IO 05948KZT9 SEN 5.50000% 0.00 4,240.22
B-1 05948KZV4 SUB 5.47071% 6,370,247.51 29,041.47
B-2 05948KZW2 SUB 5.47071% 2,654,352.55 12,100.99
B-3 05948KZX0 SUB 5.47071% 1,946,326.60 8,873.16
B-4 05948KZY8 SUB 5.47071% 1,238,300.65 5,645.32
B-5 05948KZZ5 SUB 5.47071% 708,025.95 3,227.84
B-6 05948KA25 SUB 5.47071% 1,238,718.62 5,647.22
Totals 339,689,374.32 1,618,264.46
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB-1 755,199.89 0.00 46,495,731.72 921,759.42 0.00
CB-2 1,660,516.80 0.00 81,155,892.42 1,959,346.01 0.00
CB-3 0.00 0.00 0.00 80,746.00 0.00
CB-4 0.00 0.00 0.00 50,007.24 0.00
CB-5 0.00 0.00 9,000,000.00 41,250.00 0.00
CB-6 1,325,560.36 0.00 81,609,152.76 1,617,905.22 0.00
CB-7 0.00 0.00 0.00 87,772.57 0.00
CB-8 0.00 0.00 20,000,000.00 91,666.67 0.00
CB-9 0.00 0.00 833,000.00 3,817.92 0.00
CB-10 (58,555.73) 0.00 12,834,351.33 0.00 0.00
CB-11 58,555.73 0.00 4,939,648.67 81,464.17 0.00
CB-12 80,988.06 0.00 3,958,200.31 99,501.01 0.00
CB-13 0.00 0.00 12,410,000.00 56,879.17 0.00
CB-R 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 0.00 70,811.51 0.00
2-A-1 172,445.08 0.00 18,409,613.35 249,870.32 0.00
3-A-1 113,128.40 0.00 28,556,224.85 244,529.60 0.00
A-PO 2,938.20 0.00 1,220,810.25 2,938.20 0.00
15-IO 0.00 0.00 0.00 4,240.22 0.00
B-1 9,105.91 0.00 6,361,141.60 38,147.38 0.00
B-2 3,794.25 0.00 2,650,558.30 15,895.24 0.00
B-3 2,782.16 0.00 1,943,544.43 11,655.32 0.00
B-4 1,770.08 0.00 1,236,530.56 7,415.40 0.00
B-5 1,012.08 0.00 707,013.87 4,239.92 0.00
B-6 1,770.68 0.00 1,236,947.94 7,417.90 0.00
Totals 4,131,011.95 0.00 335,558,362.36 5,749,276.41 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>
CB-1 50,000,000.00 47,250,931.60 56,755.04 698,444.84 0.00 0.00
CB-2 88,861,000.00 82,816,409.22 124,791.73 1,535,725.07 0.00 0.00
CB-3 0.00 0.00 0.00 0.00 0.00 0.00
CB-4 0.00 0.00 0.00 0.00 0.00 0.00
CB-5 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00
CB-6 87,760,000.00 82,934,713.12 99,618.97 1,225,941.39 0.00 0.00
CB-7 0.00 0.00 0.00 0.00 0.00 0.00
CB-8 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00
CB-9 833,000.00 833,000.00 0.00 0.00 0.00 0.00
CB-10 12,487,000.00 12,775,795.60 0.00 0.00 (58,555.73) 0.00
CB-11 5,287,000.00 4,998,204.40 4,400.60 54,155.13 0.00 0.00
CB-12 4,334,000.00 4,039,188.37 6,086.44 74,901.62 0.00 0.00
CB-13 12,410,000.00 12,410,000.00 0.00 0.00 0.00 0.00
CB-R 100.00 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 20,082,000.00 18,582,058.43 71,239.99 101,205.09 0.00 0.00
3-A-1 29,801,000.00 28,669,353.25 105,256.30 7,872.10 0.00 0.00
A-PO 1,249,480.28 1,223,748.45 2,494.03 444.17 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 6,415,000.00 6,370,247.51 9,105.91 0.00 0.00 0.00
B-2 2,673,000.00 2,654,352.55 3,794.25 0.00 0.00 0.00
B-3 1,960,000.00 1,946,326.60 2,782.16 0.00 0.00 0.00
B-4 1,247,000.00 1,238,300.65 1,770.08 0.00 0.00 0.00
B-5 713,000.00 708,025.95 1,012.08 0.00 0.00 0.00
B-6 1,247,420.00 1,238,718.62 1,770.68 0.00 0.00 0.00
Totals 356,360,000.28 339,689,374.32 490,878.26 3,698,689.41 (58,555.73) 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>
CB-1 755,199.89 46,495,731.72 0.92991463 755,199.89
CB-2 1,660,516.80 81,155,892.42 0.91329033 1,660,516.80
CB-3 0.00 0.00 0.00000000 0.00
CB-4 0.00 0.00 0.00000000 0.00
CB-5 0.00 9,000,000.00 1.00000000 0.00
CB-6 1,325,560.36 81,609,152.76 0.92991286 1,325,560.36
CB-7 0.00 0.00 0.00000000 0.00
CB-8 0.00 20,000,000.00 1.00000000 0.00
CB-9 0.00 833,000.00 1.00000000 0.00
CB-10 (58,555.73) 12,834,351.33 1.02781704 (58,555.73)
CB-11 58,555.73 4,939,648.67 0.93430086 58,555.73
CB-12 80,988.06 3,958,200.31 0.91329033 80,988.06
CB-13 0.00 12,410,000.00 1.00000000 0.00
CB-R 0.00 0.00 0.00000000 0.00
CB-IO 0.00 0.00 0.00000000 0.00
2-A-1 172,445.08 18,409,613.35 0.91672211 172,445.08
3-A-1 113,128.40 28,556,224.85 0.95823042 113,128.40
A-PO 2,938.20 1,220,810.25 0.97705444 2,938.20
15-IO 0.00 0.00 0.00000000 0.00
B-1 9,105.91 6,361,141.60 0.99160430 9,105.91
B-2 3,794.25 2,650,558.30 0.99160430 3,794.25
B-3 2,782.16 1,943,544.43 0.99160430 2,782.16
B-4 1,770.08 1,236,530.56 0.99160430 1,770.08
B-5 1,012.08 707,013.87 0.99160431 1,012.08
B-6 1,770.68 1,236,947.94 0.99160502 1,770.68
Totals 4,131,011.95 335,558,362.36 0.94162746 4,131,011.95
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>
CB-1 50,000,000.00 945.01863200 1.13510080 13.96889680 0.00000000
CB-2 88,861,000.00 931.97701151 1.40434758 17.28232937 0.00000000
CB-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-5 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-6 87,760,000.00 945.01724157 1.13512956 13.96925011 0.00000000
CB-7 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-8 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-9 833,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-10 12,487,000.00 1023.12770081 0.00000000 0.00000000 (4.68933531)
CB-11 5,287,000.00 945.37628145 0.83234348 10.24307358 0.00000000
CB-12 4,334,000.00 931.97701200 1.40434702 17.28233041 0.00000000
CB-13 12,410,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 20,082,000.00 925.30915397 3.54745493 5.03959217 0.00000000
3-A-1 29,801,000.00 962.02655112 3.53197208 0.26415557 0.00000000
A-PO 1,249,480.28 979.40597350 1.99605391 0.35548380 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 6,415,000.00 993.02377397 1.41947155 0.00000000 0.00000000
B-2 2,673,000.00 993.02377478 1.41947250 0.00000000 0.00000000
B-3 1,960,000.00 993.02377551 1.41946939 0.00000000 0.00000000
B-4 1,247,000.00 993.02377706 1.41947073 0.00000000 0.00000000
B-5 713,000.00 993.02377279 1.41946704 0.00000000 0.00000000
B-6 1,247,420.00 993.02449857 1.41947379 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>
CB-1 0.00000000 15.10399780 929.91463440 0.92991463 15.10399780
CB-2 0.00000000 18.68667694 913.29033457 0.91329033 18.68667694
CB-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-6 0.00000000 15.10437967 929.91286190 0.92991286 15.10437967
CB-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-10 0.00000000 (4.68933531) 1,027.81703612 1.02781704 (4.68933531)
CB-11 0.00000000 11.07541706 934.30086438 0.93430086 11.07541706
CB-12 0.00000000 18.68667743 913.29033456 0.91329033 18.68667743
CB-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 8.58704711 916.72210686 0.91672211 8.58704711
3-A-1 0.00000000 3.79612765 958.23042348 0.95823042 3.79612765
A-PO 0.00000000 2.35153771 977.05443579 0.97705444 2.35153771
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.41947155 991.60430242 0.99160430 1.41947155
B-2 0.00000000 1.41947250 991.60430228 0.99160430 1.41947250
B-3 0.00000000 1.41946939 991.60430102 0.99160430 1.41946939
B-4 0.00000000 1.41947073 991.60429832 0.99160430 1.41947073
B-5 0.00000000 1.41946704 991.60430575 0.99160431 1.41946704
B-6 0.00000000 1.41947379 991.60502477 0.99160502 1.41947379
<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>
CB-1 50,000,000.00 4.23000% 47,250,931.60 166,559.53 0.00 0.00
CB-2 88,861,000.00 4.33000% 82,816,409.22 298,829.21 0.00 0.00
CB-3 0.00 1.17000% 82,816,409.22 80,746.00 0.00 0.00
CB-4 0.00 1.27000% 47,250,931.60 50,007.24 0.00 0.00
CB-5 9,000,000.00 5.50000% 9,000,000.00 41,250.00 0.00 0.00
CB-6 87,760,000.00 4.23000% 82,934,713.12 292,344.86 0.00 0.00
CB-7 0.00 1.27000% 82,934,713.12 87,772.57 0.00 0.00
CB-8 20,000,000.00 5.50000% 20,000,000.00 91,666.67 0.00 0.00
CB-9 833,000.00 5.50000% 833,000.00 3,817.92 0.00 0.00
CB-10 12,487,000.00 5.50000% 12,775,795.60 58,555.73 0.00 0.00
CB-11 5,287,000.00 5.50000% 4,998,204.40 22,908.44 0.00 0.00
CB-12 4,334,000.00 5.50000% 4,039,188.37 18,512.95 0.00 0.00
CB-13 12,410,000.00 5.50000% 12,410,000.00 56,879.17 0.00 0.00
CB-R 100.00 5.50000% 0.00 0.00 0.00 0.00
CB-IO 0.00 5.50000% 15,449,784.63 70,811.51 0.00 0.00
2-A-1 20,082,000.00 5.00000% 18,582,058.43 77,425.24 0.00 0.00
3-A-1 29,801,000.00 5.50000% 28,669,353.25 131,401.20 0.00 0.00
A-PO 1,249,480.28 0.00000% 1,223,748.45 0.00 0.00 0.00
15-IO 0.00 5.50000% 925,138.86 4,240.22 0.00 0.00
B-1 6,415,000.00 5.47071% 6,370,247.51 29,041.47 0.00 0.00
B-2 2,673,000.00 5.47071% 2,654,352.55 12,100.99 0.00 0.00
B-3 1,960,000.00 5.47071% 1,946,326.60 8,873.16 0.00 0.00
B-4 1,247,000.00 5.47071% 1,238,300.65 5,645.32 0.00 0.00
B-5 713,000.00 5.47071% 708,025.95 3,227.84 0.00 0.00
B-6 1,247,420.00 5.47071% 1,238,718.62 5,647.22 0.00 0.00
Totals 356,360,000.28 1,618,264.46 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>
CB-1 0.00 0.00 166,559.53 0.00 46,495,731.72
CB-2 0.00 0.00 298,829.21 0.00 81,155,892.42
CB-3 0.00 0.00 80,746.00 0.00 81,155,892.42
CB-4 0.00 0.00 50,007.24 0.00 46,495,731.72
CB-5 0.00 0.00 41,250.00 0.00 9,000,000.00
CB-6 0.00 0.00 292,344.86 0.00 81,609,152.76
CB-7 0.00 0.00 87,772.57 0.00 81,609,152.76
CB-8 0.00 0.00 91,666.67 0.00 20,000,000.00
CB-9 0.00 0.00 3,817.92 0.00 833,000.00
CB-10 0.00 0.00 58,555.73 0.00 12,834,351.33
CB-11 0.00 0.00 22,908.44 0.00 4,939,648.67
CB-12 0.00 0.00 18,512.95 0.00 3,958,200.31
CB-13 0.00 0.00 56,879.17 0.00 12,410,000.00
CB-R 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 70,811.51 0.00 15,099,919.52
2-A-1 0.00 0.00 77,425.24 0.00 18,409,613.35
3-A-1 0.00 0.00 131,401.20 0.00 28,556,224.85
A-PO 0.00 0.00 0.00 0.00 1,220,810.25
15-IO 0.00 0.00 4,240.22 0.00 919,357.33
B-1 0.00 0.00 29,041.47 0.00 6,361,141.60
B-2 0.00 0.00 12,100.99 0.00 2,650,558.30
B-3 0.00 0.00 8,873.16 0.00 1,943,544.43
B-4 0.00 0.00 5,645.32 0.00 1,236,530.56
B-5 0.00 0.00 3,227.84 0.00 707,013.87
B-6 0.00 0.00 5,647.22 0.00 1,236,947.94
Totals 0.00 0.00 1,618,264.46 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>
CB-1 50,000,000.00 4.23000% 945.01863200 3.33119060 0.00000000 0.00000000
CB-2 88,861,000.00 4.33000% 931.97701151 3.36288372 0.00000000 0.00000000
CB-3 0.00 1.17000% 931.97701151 0.90867760 0.00000000 0.00000000
CB-4 0.00 1.27000% 945.01863200 1.00014480 0.00000000 0.00000000
CB-5 9,000,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
CB-6 87,760,000.00 4.23000% 945.01724157 3.33118573 0.00000000 0.00000000
CB-7 0.00 1.27000% 945.01724157 1.00014323 0.00000000 0.00000000
CB-8 20,000,000.00 5.50000% 1000.00000000 4.58333350 0.00000000 0.00000000
CB-9 833,000.00 5.50000% 1000.00000000 4.58333733 0.00000000 0.00000000
CB-10 12,487,000.00 5.50000% 1023.12770081 4.68933531 0.00000000 0.00000000
CB-11 5,287,000.00 5.50000% 945.37628145 4.33297522 0.00000000 0.00000000
CB-12 4,334,000.00 5.50000% 931.97701200 4.27156207 0.00000000 0.00000000
CB-13 12,410,000.00 5.50000% 1000.00000000 4.58333360 0.00000000 0.00000000
CB-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00 5.50000% 930.27746006 4.26377152 0.00000000 0.00000000
2-A-1 20,082,000.00 5.00000% 925.30915397 3.85545464 0.00000000 0.00000000
3-A-1 29,801,000.00 5.50000% 962.02655112 4.40928828 0.00000000 0.00000000
A-PO 1,249,480.28 0.00000% 979.40597350 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.50000% 945.66678944 4.33430635 0.00000000 0.00000000
B-1 6,415,000.00 5.47071% 993.02377397 4.52711925 0.00000000 0.00000000
B-2 2,673,000.00 5.47071% 993.02377478 4.52711934 0.00000000 0.00000000
B-3 1,960,000.00 5.47071% 993.02377551 4.52712245 0.00000000 0.00000000
B-4 1,247,000.00 5.47071% 993.02377706 4.52712109 0.00000000 0.00000000
B-5 713,000.00 5.47071% 993.02377279 4.52712482 0.00000000 0.00000000
B-6 1,247,420.00 5.47071% 993.02449857 4.52711998 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>
CB-1 0.00000000 0.00000000 3.33119060 0.00000000 929.91463440
CB-2 0.00000000 0.00000000 3.36288372 0.00000000 913.29033457
CB-3 0.00000000 0.00000000 0.90867760 0.00000000 913.29033457
CB-4 0.00000000 0.00000000 1.00014480 0.00000000 929.91463440
CB-5 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
CB-6 0.00000000 0.00000000 3.33118573 0.00000000 929.91286190
CB-7 0.00000000 0.00000000 1.00014323 0.00000000 929.91286190
CB-8 0.00000000 0.00000000 4.58333350 0.00000000 1000.00000000
CB-9 0.00000000 0.00000000 4.58333733 0.00000000 1000.00000000
CB-10 0.00000000 0.00000000 4.68933531 0.00000000 1027.81703612
CB-11 0.00000000 0.00000000 4.33297522 0.00000000 934.30086438
CB-12 0.00000000 0.00000000 4.27156207 0.00000000 913.29033456
CB-13 0.00000000 0.00000000 4.58333360 0.00000000 1000.00000000
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00000000 0.00000000 4.26377152 0.00000000 909.21104174
2-A-1 0.00000000 0.00000000 3.85545464 0.00000000 916.72210686
3-A-1 0.00000000 0.00000000 4.40928828 0.00000000 958.23042348
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 977.05443579
15-IO 0.00000000 0.00000000 4.33430635 0.00000000 939.75697292
B-1 0.00000000 0.00000000 4.52711925 0.00000000 991.60430242
B-2 0.00000000 0.00000000 4.52711934 0.00000000 991.60430228
B-3 0.00000000 0.00000000 4.52712245 0.00000000 991.60430102
B-4 0.00000000 0.00000000 4.52712109 0.00000000 991.60429832
B-5 0.00000000 0.00000000 4.52712482 0.00000000 991.60430575
B-6 0.00000000 0.00000000 4.52711998 0.00000000 991.60502477
<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>
1-A-PO 0.00000% 0.00 0.00 829,994.57 828,671.29 98.78638150%
2-A-PO 0.00000% 0.00 0.00 178,262.92 177,464.37 94.10266652%
3-A-PO 0.00000% 0.00 0.00 215,490.96 214,674.59 96.68170462%
2-15-IO 5.50000% 449,898.09 445,979.94 0.00 0.00 91.83962466%
3-15-IO 5.50000% 475,240.77 473,377.39 0.00 0.00 96.08108275%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,821,064.10
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 5,821,064.10
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 71,787.69
Payment of Interest and Principal 5,749,276.41
Total Withdrawals (Pool Distribution Amount) 5,821,064.10
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 70,768.62
Wells Fargo Bank, N.A. 1,019.07
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 71,787.69
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Class CB-1 Reserve Fund 0.00 0.00 0.00 0.00
Class CB-2 Reserve Fund 0.00 0.00 0.00 0.00
Class CB-6 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
277,338.37 0.00 0.00 277,338.37
30 Days 18 0 0 0 18
2,033,309.71 0.00 0.00 0.00 2,033,309.71
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 18 1 0 0 19
2,033,309.71 277,338.37 0.00 0.00 2,310,648.08
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 0.043178% 0.000000% 0.000000% 0.043178%
0.082554% 0.000000% 0.000000% 0.082554%
30 Days 0.777202% 0.000000% 0.000000% 0.000000% 0.777202%
0.605244% 0.000000% 0.000000% 0.000000% 0.605244%
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 0.777202% 0.043178% 0.000000% 0.000000% 0.820380%
0.605244% 0.082554% 0.000000% 0.000000% 0.687798%
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 1 0 0 1
277,338.37 0.00 0.00 277,338.37
30 Days 13 0 0 0 13
1,735,259.34 0.00 0.00 0.00 1,735,259.34
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 13 1 0 0 14
1,735,259.34 277,338.37 0.00 0.00 2,012,597.71
0-29 Days 0.051387% 0.000000% 0.000000% 0.051387%
0.096843% 0.000000% 0.000000% 0.096843%
30 Days 0.668037% 0.000000% 0.000000% 0.000000% 0.668037%
0.605928% 0.000000% 0.000000% 0.000000% 0.605928%
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 0.668037% 0.051387% 0.000000% 0.000000% 0.719424%
0.605928% 0.096843% 0.000000% 0.000000% 0.702770%
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 1 0 0 0 1
56,347.43 0.00 0.00 0.00 56,347.43
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
56,347.43 0.00 0.00 0.00 56,347.43
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.943396% 0.000000% 0.000000% 0.000000% 0.943396%
0.289313% 0.000000% 0.000000% 0.000000% 0.289313%
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 0.943396% 0.000000% 0.000000% 0.000000% 0.943396%
0.289313% 0.000000% 0.000000% 0.000000% 0.289313%
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 4 0 0 0 4
241,702.94 0.00 0.00 0.00 241,702.94
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 4 0 0 0 4
241,702.94 0.00 0.00 0.00 241,702.94
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.515152% 0.000000% 0.000000% 0.000000% 1.515152%
0.803218% 0.000000% 0.000000% 0.000000% 0.803218%
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 1.515152% 0.000000% 0.000000% 0.000000% 1.515152%
0.803218% 0.000000% 0.000000% 0.000000% 0.803218%
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 5.970344%
Weighted Average Pass-Through Rate 5.716744%
Weighted Average Maturity(Stepdown Calculation) 327
Beginning Scheduled Collateral Loan Count 2,334
Number Of Loans Paid In Full 18
Ending Scheduled Collateral Loan Count 2,316
Beginning Scheduled Collateral Balance 339,689,374.48
Ending Scheduled Collateral Balance 335,558,362.53
Ending Actual Collateral Balance at 30-Sep-2005 335,948,775.20
Monthly P&I Constant 2,176,529.74
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 5,658,628.85
Class AP Deferred Amount 0.00
Scheduled Principal 486,477.67
Unscheduled Principal 3,644,534.28
Miscellaneous Reporting
Senior % 95.472416%
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 6.030885 5.334415 5.801044
Weighted Average Net Rate 5.780886 5.084414 5.551042
Weighted Average Maturity 353 174 174
Beginning Loan Count 1,963 107 264
Loans Paid In Full 17 1 0
Ending Loan Count 1,946 106 264
Beginning Scheduled Balance 289,985,578.08 19,589,610.25 30,114,186.15
Ending Scheduled Balance 286,149,447.25 19,413,187.29 29,995,727.99
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 1,758,159.46 162,217.11 256,153.17
Scheduled Principal 300,768.09 75,134.52 110,575.06
Unscheduled Principal 3,535,362.74 101,288.44 7,883.10
Scheduled Interest 1,457,391.37 87,082.59 145,578.11
Servicing Fees 60,413.66 4,081.17 6,273.79
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 869.96 58.77 90.34
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 1,396,107.75 82,942.65 139,213.98
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 5.777285 5.080815 5.547439
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 5.970344
Weighted Average Net Rate 5.720345
Weighted Average Maturity 327
Beginning Loan Count 2,334
Loans Paid In Full 18
Ending Loan Count 2,316
Beginning Scheduled Balance 339,689,374.48
Ending scheduled Balance 335,558,362.53
Record Date 09/30/2005
Principal And Interest Constant 2,176,529.74
Scheduled Principal 486,477.67
Unscheduled Principal 3,644,534.28
Scheduled Interest 1,690,052.07
Servicing Fees 70,768.62
Master Servicing Fees 0.00
Trustee Fee 1,019.07
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 1,618,264.38
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 5.716744
Miscellaneous Reporting
Group 1
CPR 13.700901%
Subordinate % 4.183679%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.816321%
Group 2
CPR 6.053744%
Subordinate % 4.272186%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.727814%
Group 3
CPR 0.314831%
Subordinate % 4.111690%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.888310%
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 17 3,528,135.00 3,509,167.45 0 0.00 0.00
2 1 100,000.00 98,170.92 0 0.00 0.00
3 0 0.00 0.00 0 0.00 0.00
Total 18 3,628,135.00 3,607,338.37 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 29,631.42
2 0 0.00 0.00 0 0.00 0.00 3,488.27
3 0 0.00 0.00 0 0.00 0.00 7,883.10
Total 0 0.00 0.00 0 0.00 0.00 41,002.79
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 3301523357 CA 72.22 01-Apr-2005 325,000.00 322,807.29
1 6113805078 CA 20.83 01-Apr-2005 75,000.00 74,481.83
1 6359142517 MD 80.00 01-May-2005 240,000.00 238,582.40
1 6362605625 IL 74.00 01-May-2005 359,650.00 357,765.72
1 6366295753 VA 80.00 01-Apr-2005 196,800.00 195,374.65
1 6406560455 WI 79.38 01-Apr-2005 181,000.00 179,604.17
1 6421801025 TX 43.33 01-Apr-2005 65,000.00 64,561.45
1 6444686841 CT 74.86 01-Apr-2005 269,500.00 267,417.19
1 6478095836 SC 77.76 01-May-2005 139,900.00 139,167.04
1 6499754510 CA 50.00 01-May-2005 100,000.00 99,423.21
1 6508367726 MA 80.00 01-Apr-2005 116,000.00 115,217.35
1 6634768862 PA 79.99 01-May-2005 80,571.00 80,083.66
1 6652376408 CA 30.15 01-Apr-2005 117,000.00 116,172.30
1 6683287103 AZ 59.20 01-May-2005 275,305.00 273,678.84
1 6845680914 FL 90.00 01-May-2005 355,500.00 353,591.90
1 6855674880 FL 70.52 01-Apr-2005 335,000.00 332,896.43
1 6903699343 FL 89.99 01-Apr-2005 296,909.00 294,905.89
2 6296307868 VA 67.56 01-May-2005 100,000.00 97,800.17
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 3301523357 Loan Paid in Full 0 6.250% 360 6
1 6113805078 Loan Paid in Full 0 6.125% 360 6
1 6359142517 Loan Paid in Full (2) 6.125% 360 5
1 6362605625 Loan Paid in Full (1) 6.750% 360 5
1 6366295753 Loan Paid in Full 0 5.875% 360 6
1 6406560455 Loan Paid in Full 0 5.750% 360 6
1 6421801025 Loan Paid in Full 0 6.250% 360 6
1 6444686841 Loan Paid in Full 0 5.750% 360 6
1 6478095836 Loan Paid in Full 0 6.750% 360 5
1 6499754510 Loan Paid in Full 0 6.250% 360 5
1 6508367726 Loan Paid in Full 0 6.250% 360 6
1 6634768862 Loan Paid in Full 0 6.000% 360 5
1 6652376408 Loan Paid in Full 0 6.000% 360 6
1 6683287103 Loan Paid in Full 0 6.125% 360 5
1 6845680914 Loan Paid in Full 0 6.625% 360 5
1 6855674880 Loan Paid in Full 0 6.625% 360 6
1 6903699343 Loan Paid in Full 0 6.250% 360 6
2 6296307868 Loan Paid in Full 0 5.375% 180 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.074% Current Month 12.158% Current Month 1,114.045%
3 Month Average 1.129% 3 Month Average 12.740% 3 Month Average 1,489.737%
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 1.994% N/A May-2005 2,176.203% N/A
Jun-2005 7.103% N/A Jun-2005 2,436.086% N/A
Jul-2005 11.106% N/A Jul-2005 2,260.147% N/A
Aug-2005 13.333% N/A Aug-2005 1,927.436% N/A
Sep-2005 12.729% N/A Sep-2005 1,427.731% N/A
Oct-2005 12.158% N/A Oct-2005 1,114.045% 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 1.220% Current Month 13.701% Current Month 1,257.403%
3 Month Average 1.156% 3 Month Average 13.021% 3 Month Average 1,501.193%
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 2.312% N/A May-2005 2,564.458% N/A
Jun-2005 8.228% N/A Jun-2005 2,836.162% N/A
Jul-2005 11.634% N/A Jul-2005 2,374.778% N/A
Aug-2005 12.189% N/A Aug-2005 1,766.001% N/A
Sep-2005 13.172% N/A Sep-2005 1,480.174% N/A
Oct-2005 13.701% N/A Oct-2005 1,257.403% 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 0.519% Current Month 6.054% Current Month 541.969%
3 Month Average 1.712% 3 Month Average 17.659% 3 Month Average 2,257.354%
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 0.171% N/A May-2005 153.271% N/A
Jun-2005 0.424% N/A Jun-2005 136.167% N/A
Jul-2005 10.205% N/A Jul-2005 1,991.013% N/A
Aug-2005 36.165% N/A Aug-2005 5,056.001% N/A
Sep-2005 10.759% N/A Sep-2005 1,174.093% N/A
Oct-2005 6.054% N/A Oct-2005 541.969% 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 0.026% Current Month 0.315% Current Month 28.853%
3 Month Average 0.476% 3 Month Average 5.496% 3 Month Average 685.198%
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 0.096% N/A May-2005 103.954% N/A
Jun-2005 0.223% N/A Jun-2005 76.333% N/A
Jul-2005 6.467% N/A Jul-2005 1,315.483% N/A
Aug-2005 6.517% N/A Aug-2005 943.115% N/A
Sep-2005 9.657% N/A Sep-2005 1,083.627% N/A
Oct-2005 0.315% N/A Oct-2005 28.853% 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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
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>