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 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-13
Pooling and Servicing Agreement) (Commission 54-2168071
(State or other File Number) 54-2168072
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-2
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 2005-2 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 2005-2 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 2005-2 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 2005-2
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>
1-CB-1 05948KXQ7 SEN 5.50000% 17,960,000.00 82,316.67
1-CB-2 05948KXR5 SEN 5.50000% 119,954,259.25 549,790.35
1-CB-3 05948KXS3 SEN 5.50000% 19,124,594.92 87,654.39
1-CB-4 05948KXT1 SEN 5.50000% 7,599,405.08 34,830.61
1-CB-5 05948KXU8 SEN 5.50000% 367,000.00 1,682.08
1-CB-R 05948KXV6 SEN 5.50000% 0.00 0.00
1-CB-LR 05948KXW4 SEN 5.50000% 0.00 0.00
2-CB-1 05948KXX2 SEN 6.00000% 21,012,143.40 105,060.72
CB-IO 05948KXY0 SEN 5.50000% 0.00 50,561.90
3-A-1 05948KXZ7 SEN 5.00000% 25,036,408.64 104,318.37
A-PO 05948KYC7 PO 0.00000% 636,798.00 0.00
4-A-1 05948KYA1 SEN 5.50000% 25,016,786.89 114,660.27
15-IO 05948KYB9 SEN 5.50000% 0.00 4,568.62
B-1 05948KYD5 SUB 5.49917% 5,144,992.06 23,577.67
B-2 05948KYE3 SUB 5.49917% 2,110,613.81 9,672.19
B-3 05948KYF0 SUB 5.49917% 1,186,849.38 5,438.91
B-4 05948KYG8 SUB 5.49917% 1,055,306.91 4,836.10
B-5 05948KYH6 SUB 5.49917% 791,232.92 3,625.94
B-6 05948KYJ2 SUB 5.49917% 924,137.72 4,234.99
Totals 247,920,528.98 1,186,829.78
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 0.00 17,960,000.00 82,316.67 0.00
1-CB-2 2,501,451.29 0.00 117,452,807.96 3,051,241.64 0.00
1-CB-3 34,830.61 0.00 19,089,764.31 122,485.00 0.00
1-CB-4 (34,830.61) 0.00 7,634,235.69 0.00 0.00
1-CB-5 0.00 0.00 367,000.00 1,682.08 0.00
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.00 0.00
2-CB-1 893,223.23 0.00 20,118,920.17 998,283.95 0.00
CB-IO 0.00 0.00 0.00 50,561.90 0.00
3-A-1 188,809.01 0.00 24,847,599.64 293,127.38 0.00
A-PO 3,914.17 0.00 632,883.83 3,914.17 0.00
4-A-1 221,587.46 0.00 24,795,199.43 336,247.73 0.00
15-IO 0.00 0.00 0.00 4,568.62 0.00
B-1 8,366.72 0.00 5,136,625.34 31,944.39 0.00
B-2 3,432.25 0.00 2,107,181.56 13,104.44 0.00
B-3 1,930.04 0.00 1,184,919.34 7,368.95 0.00
B-4 1,716.13 0.00 1,053,590.78 6,552.23 0.00
B-5 1,286.69 0.00 789,946.23 4,912.63 0.00
B-6 1,502.76 0.00 922,634.90 5,737.75 0.00
Totals 3,827,219.75 0.00 244,093,309.18 5,014,049.53 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>
1-CB-1 17,960,000.00 17,960,000.00 0.00 0.00 0.00 0.00
1-CB-2 130,230,000.00 119,954,259.25 172,968.91 2,328,482.38 0.00 0.00
1-CB-3 19,364,000.00 19,124,594.92 2,408.45 32,422.16 0.00 0.00
1-CB-4 7,360,000.00 7,599,405.08 0.00 0.00 (34,830.61) 0.00
1-CB-5 367,000.00 367,000.00 0.00 0.00 0.00 0.00
1-CB-R 50.00 0.00 0.00 0.00 0.00 0.00
1-CB-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-CB-1 25,309,000.00 21,012,143.40 19,881.05 873,342.18 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 25,974,000.00 25,036,408.64 98,335.62 90,473.38 0.00 0.00
A-PO 672,363.00 636,798.00 1,942.17 1,972.01 0.00 0.00
4-A-1 28,143,000.00 25,016,786.89 94,041.41 127,546.05 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 5,202,000.00 5,144,992.06 8,366.72 0.00 0.00 0.00
B-2 2,134,000.00 2,110,613.81 3,432.25 0.00 0.00 0.00
B-3 1,200,000.00 1,186,849.38 1,930.04 0.00 0.00 0.00
B-4 1,067,000.00 1,055,306.91 1,716.13 0.00 0.00 0.00
B-5 800,000.00 791,232.92 1,286.69 0.00 0.00 0.00
B-6 934,376.00 924,137.72 1,502.76 0.00 0.00 0.00
Totals 266,716,839.00 247,920,528.98 407,812.20 3,454,238.16 (34,830.61) 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>
1-CB-1 0.00 17,960,000.00 1.00000000 0.00
1-CB-2 2,501,451.29 117,452,807.96 0.90188749 2,501,451.29
1-CB-3 34,830.61 19,089,764.31 0.98583786 34,830.61
1-CB-4 (34,830.61) 7,634,235.69 1.03726028 (34,830.61)
1-CB-5 0.00 367,000.00 1.00000000 0.00
1-CB-R 0.00 0.00 0.00000000 0.00
1-CB-LR 0.00 0.00 0.00000000 0.00
2-CB-1 893,223.23 20,118,920.17 0.79493145 893,223.23
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 188,809.01 24,847,599.64 0.95663354 188,809.01
A-PO 3,914.17 632,883.83 0.94128295 3,914.17
4-A-1 221,587.46 24,795,199.43 0.88104322 221,587.46
15-IO 0.00 0.00 0.00000000 0.00
B-1 8,366.72 5,136,625.34 0.98743278 8,366.72
B-2 3,432.25 2,107,181.56 0.98743278 3,432.25
B-3 1,930.04 1,184,919.34 0.98743278 1,930.04
B-4 1,716.13 1,053,590.78 0.98743278 1,716.13
B-5 1,286.69 789,946.23 0.98743279 1,286.69
B-6 1,502.76 922,634.90 0.98743429 1,502.76
Totals 3,827,219.75 244,093,309.18 0.91517772 3,827,219.75
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>
1-CB-1 17,960,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-2 130,230,000.00 921.09544076 1.32818022 17.87976948 0.00000000
1-CB-3 19,364,000.00 987.63658955 0.12437771 1.67435241 0.00000000
1-CB-4 7,360,000.00 1032.52786413 0.00000000 0.00000000 (4.73241984)
1-CB-5 367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 25,309,000.00 830.22416532 0.78553281 34.50717847 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 25,974,000.00 963.90269654 3.78592516 3.48322861 0.00000000
A-PO 672,363.00 947.10446589 2.88857358 2.93295437 0.00000000
4-A-1 28,143,000.00 888.91684931 3.34155598 4.53207014 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 5,202,000.00 989.04114956 1.60836601 0.00000000 0.00000000
B-2 2,134,000.00 989.04114808 1.60836457 0.00000000 0.00000000
B-3 1,200,000.00 989.04115000 1.60836667 0.00000000 0.00000000
B-4 1,067,000.00 989.04115276 1.60836926 0.00000000 0.00000000
B-5 800,000.00 989.04115000 1.60836250 0.00000000 0.00000000
B-6 934,376.00 989.04265521 1.60830330 0.00000000 0.00000000
<FN>
(2) All amounts 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>
1-CB-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-2 0.00000000 19.20794970 901.88749105 0.90188749 19.20794970
1-CB-3 0.00000000 1.79873012 985.83785943 0.98583786 1.79873012
1-CB-4 0.00000000 (4.73241984) 1,037.26028397 1.03726028 (4.73241984)
1-CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 35.29271129 794.93145403 0.79493145 35.29271129
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 7.26915415 956.63354277 0.95663354 7.26915415
A-PO 0.00000000 5.82151308 941.28295281 0.94128295 5.82151308
4-A-1 0.00000000 7.87362612 881.04322318 0.88104322 7.87362612
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.60836601 987.43278354 0.98743278 1.60836601
B-2 0.00000000 1.60836457 987.43278351 0.98743278 1.60836457
B-3 0.00000000 1.60836667 987.43278333 0.98743278 1.60836667
B-4 0.00000000 1.60836926 987.43278351 0.98743278 1.60836926
B-5 0.00000000 1.60836250 987.43278750 0.98743279 1.60836250
B-6 0.00000000 1.60830330 987.43428770 0.98743429 1.60830330
<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>
1-CB-1 17,960,000.00 5.50000% 17,960,000.00 82,316.67 0.00 0.00
1-CB-2 130,230,000.00 5.50000% 119,954,259.25 549,790.35 0.00 0.00
1-CB-3 19,364,000.00 5.50000% 19,124,594.92 87,654.39 0.00 0.00
1-CB-4 7,360,000.00 5.50000% 7,599,405.08 34,830.61 0.00 0.00
1-CB-5 367,000.00 5.50000% 367,000.00 1,682.08 0.00 0.00
1-CB-R 50.00 5.50000% 0.00 0.00 0.00 0.00
1-CB-LR 50.00 5.50000% 0.00 0.00 0.00 0.00
2-CB-1 25,309,000.00 6.00000% 21,012,143.40 105,060.72 0.00 0.00
CB-IO 0.00 5.50000% 11,031,687.17 50,561.90 0.00 0.00
3-A-1 25,974,000.00 5.00000% 25,036,408.64 104,318.37 0.00 0.00
A-PO 672,363.00 0.00000% 636,798.00 0.00 0.00 0.00
4-A-1 28,143,000.00 5.50000% 25,016,786.89 114,660.27 0.00 0.00
15-IO 0.00 5.50000% 996,790.66 4,568.62 0.00 0.00
B-1 5,202,000.00 5.49917% 5,144,992.06 23,577.67 0.00 0.00
B-2 2,134,000.00 5.49917% 2,110,613.81 9,672.19 0.00 0.00
B-3 1,200,000.00 5.49917% 1,186,849.38 5,438.91 0.00 0.00
B-4 1,067,000.00 5.49917% 1,055,306.91 4,836.10 0.00 0.00
B-5 800,000.00 5.49917% 791,232.92 3,625.94 0.00 0.00
B-6 934,376.00 5.49917% 924,137.72 4,234.99 0.00 0.00
Totals 266,716,839.00 1,186,829.78 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>
1-CB-1 0.00 0.00 82,316.67 0.00 17,960,000.00
1-CB-2 0.00 0.00 549,790.35 0.00 117,452,807.96
1-CB-3 0.00 0.00 87,654.39 0.00 19,089,764.31
1-CB-4 0.00 0.00 34,830.61 0.00 7,634,235.69
1-CB-5 0.00 0.00 1,682.08 0.00 367,000.00
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.00 0.00
2-CB-1 0.00 0.00 105,060.72 0.00 20,118,920.17
CB-IO 0.00 0.00 50,561.90 0.00 10,858,655.78
3-A-1 0.00 0.00 104,318.37 0.00 24,847,599.64
A-PO 0.00 0.00 0.00 0.00 632,883.83
4-A-1 0.00 0.00 114,660.27 0.00 24,795,199.43
15-IO 0.00 0.00 4,568.62 0.00 989,938.63
B-1 0.00 0.00 23,577.67 0.00 5,136,625.34
B-2 0.00 0.00 9,672.19 0.00 2,107,181.56
B-3 0.00 0.00 5,438.91 0.00 1,184,919.34
B-4 0.00 0.00 4,836.10 0.00 1,053,590.78
B-5 0.00 0.00 3,625.94 0.00 789,946.23
B-6 0.00 0.00 4,234.99 0.00 922,634.90
Totals 0.00 0.00 1,186,829.78 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>
1-CB-1 17,960,000.00 5.50000% 1000.00000000 4.58333352 0.00000000 0.00000000
1-CB-2 130,230,000.00 5.50000% 921.09544076 4.22168740 0.00000000 0.00000000
1-CB-3 19,364,000.00 5.50000% 987.63658955 4.52666753 0.00000000 0.00000000
1-CB-4 7,360,000.00 5.50000% 1032.52786413 4.73241984 0.00000000 0.00000000
1-CB-5 367,000.00 5.50000% 1000.00000000 4.58332425 0.00000000 0.00000000
1-CB-R 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 25,309,000.00 6.00000% 830.22416532 4.15112095 0.00000000 0.00000000
CB-IO 0.00 5.50000% 923.91707140 4.23461995 0.00000000 0.00000000
3-A-1 25,974,000.00 5.00000% 963.90269654 4.01626126 0.00000000 0.00000000
A-PO 672,363.00 0.00000% 947.10446589 0.00000000 0.00000000 0.00000000
4-A-1 28,143,000.00 5.50000% 888.91684931 4.07420211 0.00000000 0.00000000
15-IO 0.00 5.50000% 921.45524365 4.22333297 0.00000000 0.00000000
B-1 5,202,000.00 5.49917% 989.04114956 4.53242407 0.00000000 0.00000000
B-2 2,134,000.00 5.49917% 989.04114808 4.53242268 0.00000000 0.00000000
B-3 1,200,000.00 5.49917% 989.04115000 4.53242500 0.00000000 0.00000000
B-4 1,067,000.00 5.49917% 989.04115276 4.53242737 0.00000000 0.00000000
B-5 800,000.00 5.49917% 989.04115000 4.53242500 0.00000000 0.00000000
B-6 934,376.00 5.49917% 989.04265521 4.53242592 0.00000000 0.00000000
<FN>
(5) All amounts 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>
1-CB-1 0.00000000 0.00000000 4.58333352 0.00000000 1000.00000000
1-CB-2 0.00000000 0.00000000 4.22168740 0.00000000 901.88749105
1-CB-3 0.00000000 0.00000000 4.52666753 0.00000000 985.83785943
1-CB-4 0.00000000 0.00000000 4.73241984 0.00000000 1037.26028397
1-CB-5 0.00000000 0.00000000 4.58332425 0.00000000 1000.00000000
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 4.15112095 0.00000000 794.93145403
CB-IO 0.00000000 0.00000000 4.23461995 0.00000000 909.42548434
3-A-1 0.00000000 0.00000000 4.01626126 0.00000000 956.63354277
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 941.28295281
4-A-1 0.00000000 0.00000000 4.07420211 0.00000000 881.04322318
15-IO 0.00000000 0.00000000 4.22333297 0.00000000 915.12107618
B-1 0.00000000 0.00000000 4.53242407 0.00000000 987.43278354
B-2 0.00000000 0.00000000 4.53242268 0.00000000 987.43278351
B-3 0.00000000 0.00000000 4.53242500 0.00000000 987.43278333
B-4 0.00000000 0.00000000 4.53242737 0.00000000 987.43278351
B-5 0.00000000 0.00000000 4.53242500 0.00000000 987.43278750
B-6 0.00000000 0.00000000 4.53242592 0.00000000 987.43428770
<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-CB-IO 5.50000% 9,739,421.68 9,615,605.77 0.00 0.00 93.01237881%
2-CB-IO 5.50000% 1,292,265.49 1,243,050.01 0.00 0.00 77.58675635%
1-A-PO 0.00000% 0.00 0.00 199,977.21 199,555.76 98.28323766%
2-A-PO 0.00000% 0.00 0.00 252,602.80 251,577.73 94.01313161%
3-A-PO 0.00000% 0.00 0.00 184,218.00 181,750.34 90.09896740%
1-15-IO 5.50000% 618,546.30 614,228.37 0.00 0.00 96.09750896%
2-15-IO 5.50000% 378,244.36 375,710.26 0.00 0.00 84.88996690%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,067,868.93
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 5,067,868.93
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 53,819.40
Payment of Interest and Principal 5,014,049.53
Total Withdrawals (Pool Distribution Amount) 5,067,868.93
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 51,650.11
Trustee Fee: Wells Fargo Bank, N.A. 2,169.29
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 53,819.40
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
182,610.92 0.00 0.00 182,610.92
30 Days 11 0 0 0 11
1,574,893.64 0.00 0.00 0.00 1,574,893.64
60 Days 2 0 0 0 2
372,114.99 0.00 0.00 0.00 372,114.99
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 1 0 1
0.00 0.00 29,940.11 0.00 29,940.11
Totals 13 1 1 0 15
1,947,008.63 182,610.92 29,940.11 0.00 2,159,559.66
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 0.058617% 0.000000% 0.000000% 0.058617%
0.074708% 0.000000% 0.000000% 0.074708%
30 Days 0.644783% 0.000000% 0.000000% 0.000000% 0.644783%
0.644303% 0.000000% 0.000000% 0.000000% 0.644303%
60 Days 0.117233% 0.000000% 0.000000% 0.000000% 0.117233%
0.152236% 0.000000% 0.000000% 0.000000% 0.152236%
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% 0.058617% 0.000000% 0.058617%
0.000000% 0.000000% 0.012249% 0.000000% 0.012249%
Totals 0.762016% 0.058617% 0.058617% 0.000000% 0.879250%
0.796539% 0.074708% 0.012249% 0.000000% 0.883495%
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
182,610.92 0.00 0.00 182,610.92
30 Days 5 0 0 0 5
786,384.38 0.00 0.00 0.00 786,384.38
60 Days 1 0 0 0 1
264,677.33 0.00 0.00 0.00 264,677.33
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 1 0 1
0.00 0.00 29,940.11 0.00 29,940.11
Totals 6 1 1 0 8
1,051,061.71 182,610.92 29,940.11 0.00 1,263,612.74
0-29 Days 0.086730% 0.000000% 0.000000% 0.086730%
0.107054% 0.000000% 0.000000% 0.107054%
30 Days 0.433651% 0.000000% 0.000000% 0.000000% 0.433651%
0.461009% 0.000000% 0.000000% 0.000000% 0.461009%
60 Days 0.086730% 0.000000% 0.000000% 0.000000% 0.086730%
0.155164% 0.000000% 0.000000% 0.000000% 0.155164%
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% 0.086730% 0.000000% 0.086730%
0.000000% 0.000000% 0.017552% 0.000000% 0.017552%
Totals 0.520382% 0.086730% 0.086730% 0.000000% 0.693842%
0.616174% 0.107054% 0.017552% 0.000000% 0.740779%
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 3 0 0 0 3
513,871.56 0.00 0.00 0.00 513,871.56
60 Days 1 0 0 0 1
107,437.66 0.00 0.00 0.00 107,437.66
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
621,309.22 0.00 0.00 0.00 621,309.22
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.796407% 0.000000% 0.000000% 0.000000% 1.796407%
2.418118% 0.000000% 0.000000% 0.000000% 2.418118%
60 Days 0.598802% 0.000000% 0.000000% 0.000000% 0.598802%
0.505568% 0.000000% 0.000000% 0.000000% 0.505568%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.395210% 0.000000% 0.000000% 0.000000% 2.395210%
2.923685% 0.000000% 0.000000% 0.000000% 2.923685%
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 2 0 0 0 2
171,518.87 0.00 0.00 0.00 171,518.87
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 2 0 0 0 2
171,518.87 0.00 0.00 0.00 171,518.87
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.408451% 0.000000% 0.000000% 0.000000% 1.408451%
0.651813% 0.000000% 0.000000% 0.000000% 0.651813%
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 1.408451% 0.000000% 0.000000% 0.000000% 1.408451%
0.651813% 0.000000% 0.000000% 0.000000% 0.651813%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
103,118.83 0.00 0.00 0.00 103,118.83
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
103,118.83 0.00 0.00 0.00 103,118.83
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.409836% 0.000000% 0.000000% 0.000000% 0.409836%
0.392238% 0.000000% 0.000000% 0.000000% 0.392238%
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 0.409836% 0.000000% 0.000000% 0.000000% 0.409836%
0.392238% 0.000000% 0.000000% 0.000000% 0.392238%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 12,343.85
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.
4 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 1 Apr-05 0.000%
Original Principal Balance 30,000.00 May-05 0.000%
Current Principal Balance 29,940.11 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.012%
Sep-05 0.012%
Oct-05 0.012%
*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 1 Apr-05 0.000%
Original Principal Balance 30,000.00 May-05 0.000%
Current Principal Balance 29,940.11 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.017%
Sep-05 0.017%
Oct-05 0.018%
*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.
4 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>
1 6080999805 Aug-2005 01-Feb-2005 IA 100.00 30,000.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
1 6080999805 29,940.11 01-Mar-2005 6 6.000% 1,144.67
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.005066%
Weighted Average Pass-Through Rate 5.744566%
Weighted Average Maturity(Stepdown Calculation) 313
Beginning Scheduled Collateral Loan Count 1,728
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 1,706
Beginning Scheduled Collateral Balance 247,920,528.99
Ending Scheduled Collateral Balance 244,093,309.18
Ending Actual Collateral Balance at 30-Sep-2005 244,433,649.24
Monthly P&I Constant 1,646,053.05
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 4,936,600.77
Class AP Deferred Amount 0.00
Scheduled Principal 405,403.80
Unscheduled Principal 3,421,816.01
Miscellaneous Reporting
Senior % 95.220270%
Subordinate % 4.779730%
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 6.063882 6.581691 5.341450
Weighted Average Net Rate 5.813882 6.331691 5.091450
Weighted Average Maturity 351 352 172
Beginning Loan Count 1,166 173 143
Loans Paid In Full 13 6 1
Ending Loan Count 1,153 167 142
Beginning Scheduled Balance 172,939,979.64 22,128,563.71 26,423,988.69
Ending Scheduled Balance 170,429,998.86 21,234,284.16 26,229,696.76
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 1,055,210.49 142,306.85 221,427.90
Scheduled Principal 181,304.09 20,937.37 103,809.22
Unscheduled Principal 2,328,676.69 873,342.18 90,482.71
Scheduled Interest 873,906.40 121,369.48 117,618.68
Servicing Fees 36,029.16 4,610.12 5,505.00
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,513.22 193.62 231.21
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 836,364.02 116,565.74 111,882.47
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 5.803382 6.321191 5.080950
Group Level Collateral Statement
Group 4 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.800880 6.005066
Weighted Average Net Rate 5.550880 5.755066
Weighted Average Maturity 172 313
Beginning Loan Count 246 1,728
Loans Paid In Full 2 22
Ending Loan Count 244 1,706
Beginning Scheduled Balance 26,427,996.95 247,920,528.99
Ending scheduled Balance 26,199,329.40 244,093,309.18
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 227,107.81 1,646,053.05
Scheduled Principal 99,353.12 405,403.80
Unscheduled Principal 129,314.43 3,421,816.01
Scheduled Interest 127,754.69 1,240,649.25
Servicing Fees 5,505.83 51,650.11
Master Servicing Fees 0.00 0.00
Trustee Fee 231.24 2,169.29
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 122,017.62 1,186,829.85
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.540380 5.744566
Miscellaneous Reporting
Group 1
CPR 15.028340%
Subordinate % 4.477679%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.522321%
Group 2
CPR 38.348150%
Subordinate % 5.045155%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.954845%
Group 3
CPR 4.048210%
Subordinate % 4.336712%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.663288%
Miscellaneous Reporting
Group 4
CPR 5.737223%
Subordinate % 4.675362%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.324639%
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 13 2,303,750.00 2,285,841.88 0 0.00 0.00
2 6 991,000.00 873,738.18 0 0.00 0.00
3 1 90,640.00 88,308.53 0 0.00 0.00
4 2 117,561.00 114,621.57 0 0.00 0.00
Total 22 3,502,951.00 3,362,510.16 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 45,308.80
2 0 0.00 0.00 0 0.00 0.00 426.04
3 0 0.00 0.00 0 0.00 0.00 2,513.24
4 0 0.00 0.00 0 0.00 0.00 15,120.83
Total 0 0.00 0.00 0 0.00 0.00 63,368.91
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 3301101758 FL 70.00 01-Feb-2005 98,000.00 97,061.21
1 3301210153 FL 80.00 01-Mar-2005 96,000.00 95,203.42
1 3301294553 WA 80.00 01-Mar-2005 172,000.00 170,670.30
1 6008314467 CA 70.00 01-Feb-2005 427,000.00 423,004.24
1 6045289938 FL 90.00 01-Mar-2005 184,500.00 182,969.08
1 6050522967 CA 77.08 01-Mar-2005 185,000.00 183,464.94
1 6159733861 AZ 33.02 01-Mar-2005 36,000.00 35,710.26
1 6285659550 CO 37.31 01-Feb-2005 100,000.00 99,128.01
1 6307938586 CA 78.90 01-Feb-2005 288,000.00 285,428.66
1 6311808874 MO 80.00 01-Mar-2005 136,000.00 134,948.61
1 6806389703 SC 38.88 01-Mar-2005 359,650.00 356,802.99
1 6904092837 FL 78.74 01-Mar-2005 100,000.00 98,475.30
1 6999245670 NM 80.00 01-Mar-2005 121,600.00 120,500.87
2 6025007565 CA 80.00 01-Feb-2005 220,000.00 107,776.92
2 6218014691 FL 103.00 01-Feb-2005 154,500.00 153,189.93
2 6282527263 CA 69.15 01-Mar-2005 176,000.00 174,763.36
2 6565986707 MO 90.00 01-Feb-2005 90,000.00 89,269.38
2 6736840312 FL 54.20 01-Mar-2005 58,000.00 57,572.50
2 6831467987 FL 90.00 01-Mar-2005 292,500.00 290,344.05
3 6204221045 MO 80.00 01-Mar-2005 90,640.00 87,969.47
4 3301375212 TX 72.10 01-Mar-2005 72,100.00 70,018.48
4 3301391839 CA 29.32 01-Mar-2005 45,461.00 44,175.12
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 3301101758 Loan Paid in Full 0 5.750% 360 8
1 3301210153 Loan Paid in Full 1 5.875% 360 7
1 3301294553 Loan Paid in Full 0 6.250% 360 7
1 6008314467 Loan Paid in Full (1) 5.875% 360 8
1 6045289938 Loan Paid in Full 0 5.875% 360 7
1 6050522967 Loan Paid in Full (1) 5.875% 360 7
1 6159733861 Loan Paid in Full 0 6.250% 360 7
1 6285659550 Loan Paid in Full (1) 6.250% 360 8
1 6307938586 Loan Paid in Full 0 6.125% 360 8
1 6311808874 Loan Paid in Full 0 6.250% 360 7
1 6806389703 Loan Paid in Full 0 6.125% 360 7
1 6904092837 Loan Paid in Full 0 6.000% 360 7
1 6999245670 Loan Paid in Full 0 6.000% 360 7
2 6025007565 Loan Paid in Full 0 6.500% 360 8
2 6218014691 Loan Paid in Full 0 6.500% 360 8
2 6282527263 Loan Paid in Full 1 6.750% 360 7
2 6565986707 Loan Paid in Full 0 6.625% 360 8
2 6736840312 Loan Paid in Full (1) 6.500% 360 7
2 6831467987 Loan Paid in Full 0 6.500% 360 7
3 6204221045 Loan Paid in Full 0 5.375% 180 7
4 3301375212 Loan Paid in Full 0 5.625% 180 7
4 3301391839 Loan Paid in Full 0 5.875% 180 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.382% Current Month 15.385% Current Month 1,015.356%
3 Month Average 1.208% 3 Month Average 13.501% 3 Month Average 1,012.877%
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 0.437% N/A Mar-2005 385.788% N/A
Apr-2005 7.984% N/A Apr-2005 2,542.845% N/A
May-2005 7.212% N/A May-2005 1,403.741% N/A
Jun-2005 8.908% N/A Jun-2005 1,247.333% N/A
Jul-2005 19.579% N/A Jul-2005 2,140.755% N/A
Aug-2005 8.249% N/A Aug-2005 740.039% N/A
Sep-2005 16.870% N/A Sep-2005 1,283.238% N/A
Oct-2005 15.385% N/A Oct-2005 1,015.356% 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 1.348% Current Month 15.028% Current Month 993.077%
3 Month Average 1.253% 3 Month Average 13.936% 3 Month Average 1,047.932%
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 0.392% N/A Mar-2005 350.227% N/A
Apr-2005 4.199% N/A Apr-2005 1,343.822% N/A
May-2005 2.622% N/A May-2005 511.877% N/A
Jun-2005 5.930% N/A Jun-2005 832.296% N/A
Jul-2005 16.910% N/A Jul-2005 1,852.426% N/A
Aug-2005 8.098% N/A Aug-2005 727.668% N/A
Sep-2005 18.683% N/A Sep-2005 1,423.053% N/A
Oct-2005 15.028% N/A Oct-2005 993.077% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.950% Current Month 38.348% Current Month 2,529.610%
3 Month Average 2.657% 3 Month Average 27.201% 3 Month Average 2,036.279%
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 0.022% N/A Mar-2005 20.291% N/A
Apr-2005 40.653% N/A Apr-2005 12,938.762% N/A
May-2005 33.184% N/A May-2005 6,488.693% N/A
Jun-2005 37.113% N/A Jun-2005 5,198.593% N/A
Jul-2005 16.448% N/A Jul-2005 1,796.394% N/A
Aug-2005 21.250% N/A Aug-2005 1,905.201% N/A
Sep-2005 22.006% N/A Sep-2005 1,674.026% N/A
Oct-2005 38.348% N/A Oct-2005 2,529.610% 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 0.344% Current Month 4.048% Current Month 264.331%
3 Month Average 0.268% 3 Month Average 3.160% 3 Month Average 227.543%
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 1.146% N/A Mar-2005 881.765% N/A
Apr-2005 0.132% N/A Apr-2005 40.056% N/A
May-2005 0.552% N/A May-2005 104.229% N/A
Jun-2005 4.560% N/A Jun-2005 624.303% N/A
Jul-2005 0.120% N/A Jul-2005 12.950% N/A
Aug-2005 0.762% N/A Aug-2005 67.396% N/A
Sep-2005 4.671% N/A Sep-2005 350.902% N/A
Oct-2005 4.048% N/A Oct-2005 264.331% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.491% Current Month 5.737% Current Month 379.834%
3 Month Average 0.627% 3 Month Average 7.222% 3 Month Average 552.065%
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 0.423% N/A Mar-2005 390.946% N/A
Apr-2005 2.365% N/A Apr-2005 766.749% N/A
May-2005 14.884% N/A May-2005 2,919.080% N/A
Jun-2005 3.059% N/A Jun-2005 430.947% N/A
Jul-2005 48.784% N/A Jul-2005 5,364.682% N/A
Aug-2005 4.376% N/A Aug-2005 394.296% N/A
Sep-2005 11.554% N/A Sep-2005 882.065% N/A
Oct-2005 5.737% N/A Oct-2005 379.834% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 0 0.00 0.00 0.000%
4 0 0.00 0.00 0.000%
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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.
4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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>