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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-22
Pooling and Servicing Agreement) (Commission 54-2173207
(State or other File Number) 54-2173208
jurisdiction 54-2173209
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-E
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-E 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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-E Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-E Trust,
relating to the October 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 9/30/2005
Distribution Date: 10/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series BOAMS2005-E
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 05949A5Z9 SEN 4.36186% 29,496,943.45 107,217.94
1A2 05949A6A3 SEN 4.36186% 1,161,290.25 4,221.15
1AR 05949A6B1 SEN 4.36606% 0.00 0.00
2A1 05949A6C9 SEN 4.98952% 65,840,928.18 273,762.46
2A2 05949A6D7 SEN 4.98952% 74,281,762.82 308,858.92
2A3 05949A6E5 SEN 4.65952% 40,700,000.00 158,035.55
2A4 05949A6F2 SEN 4.69452% 67,109,000.00 262,537.40
2A5 05949A6G0 SEN 4.76952% 43,690,000.00 173,650.45
2A6 05949A6H8 SEN 4.72452% 43,891,000.00 172,803.44
2A7 05949A6J4 SEN 4.62452% 88,042,000.00 339,293.69
2IO 05949A6K1 SEN 0.30556% 0.00 72,172.00
3A1 05949A6L9 SEN 5.25991% 25,473,933.22 111,658.78
4A1 05949A6M7 SEN 5.36178% 36,942,946.91 165,066.47
1IO 05949A6U9 SEN 0.54000% 0.00 14,405.44
B1 05949A6N5 SUB 4.98899% 12,044,455.44 50,074.73
B2 05949A6P0 SUB 4.98899% 3,440,987.68 14,305.88
B3 05949A6Q8 SUB 4.98899% 2,293,658.94 9,535.87
B4 05949A6R6 SUB 4.98899% 1,147,328.74 4,770.01
B5 05949A6S4 SUB 4.98899% 859,747.65 3,574.39
B6 05949A6T2 SUB 4.98899% 1,147,914.89 4,772.45
Totals 537,563,898.17 2,250,717.02
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 1,433,661.11 0.00 28,063,282.34 1,540,879.05 0.00
1A2 56,443.02 0.00 1,104,847.22 60,664.17 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 855,630.55 0.00 64,985,297.63 1,129,393.01 0.00
2A2 4,648,640.80 0.00 69,633,122.02 4,957,499.72 0.00
2A3 0.00 0.00 40,700,000.00 158,035.55 0.00
2A4 0.00 0.00 67,109,000.00 262,537.40 0.00
2A5 0.00 0.00 43,690,000.00 173,650.45 0.00
2A6 0.00 0.00 43,891,000.00 172,803.44 0.00
2A7 0.00 0.00 88,042,000.00 339,293.69 0.00
2IO 0.00 0.00 0.00 72,172.00 0.00
3A1 751,372.17 0.00 24,722,561.05 863,030.95 0.00
4A1 18,577.11 0.00 36,924,369.80 183,643.58 0.00
1IO 0.00 0.00 0.00 14,405.44 0.00
B1 4,550.88 0.00 12,039,904.56 54,625.61 0.00
B2 1,300.14 0.00 3,439,687.54 15,606.02 0.00
B3 866.64 0.00 2,292,792.30 10,402.51 0.00
B4 433.51 0.00 1,146,895.24 5,203.52 0.00
B5 324.85 0.00 859,422.80 3,899.24 0.00
B6 433.73 0.00 1,147,481.16 5,206.18 0.00
Totals 7,772,234.51 0.00 529,791,663.66 10,022,951.53 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>
1A1 34,468,000.00 29,496,943.45 16,032.80 1,417,628.31 0.00 0.00
1A2 1,357,000.00 1,161,290.25 631.21 55,811.81 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 70,000,000.00 65,840,928.18 23,525.28 832,105.27 0.00 0.00
2A2 96,878,000.00 74,281,762.82 127,812.85 4,520,827.96 0.00 0.00
2A3 40,700,000.00 40,700,000.00 0.00 0.00 0.00 0.00
2A4 67,109,000.00 67,109,000.00 0.00 0.00 0.00 0.00
2A5 43,690,000.00 43,690,000.00 0.00 0.00 0.00 0.00
2A6 43,891,000.00 43,891,000.00 0.00 0.00 0.00 0.00
2A7 88,042,000.00 88,042,000.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 28,190,000.00 25,473,933.22 15,818.86 735,553.31 0.00 0.00
4A1 39,070,000.00 36,942,946.91 10,625.92 7,951.19 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 12,062,000.00 12,044,455.44 4,550.88 0.00 0.00 0.00
B2 3,446,000.00 3,440,987.68 1,300.14 0.00 0.00 0.00
B3 2,297,000.00 2,293,658.94 866.64 0.00 0.00 0.00
B4 1,149,000.00 1,147,328.74 433.51 0.00 0.00 0.00
B5 861,000.00 859,747.65 324.85 0.00 0.00 0.00
B6 1,149,587.00 1,147,914.89 433.73 0.00 0.00 0.00
Totals 574,359,687.00 537,563,898.17 202,356.67 7,569,877.85 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 1,433,661.11 28,063,282.34 0.81418366 1,433,661.11
1A2 56,443.02 1,104,847.22 0.81418366 56,443.02
1AR 0.00 0.00 0.00000000 0.00
2A1 855,630.55 64,985,297.63 0.92836139 855,630.55
2A2 4,648,640.80 69,633,122.02 0.71877126 4,648,640.80
2A3 0.00 40,700,000.00 1.00000000 0.00
2A4 0.00 67,109,000.00 1.00000000 0.00
2A5 0.00 43,690,000.00 1.00000000 0.00
2A6 0.00 43,891,000.00 1.00000000 0.00
2A7 0.00 88,042,000.00 1.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
3A1 751,372.17 24,722,561.05 0.87699755 751,372.17
4A1 18,577.11 36,924,369.80 0.94508241 18,577.11
1IO 0.00 0.00 0.00000000 0.00
B1 4,550.88 12,039,904.56 0.99816818 4,550.88
B2 1,300.14 3,439,687.54 0.99816818 1,300.14
B3 866.64 2,292,792.30 0.99816818 866.64
B4 433.51 1,146,895.24 0.99816818 433.51
B5 324.85 859,422.80 0.99816818 324.85
B6 433.73 1,147,481.16 0.99816818 433.73
Totals 7,772,234.51 529,791,663.66 0.92240398 7,772,234.51
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 34,468,000.00 855.77763288 0.46515028 41.12882413 0.00000000
1A2 1,357,000.00 855.77763449 0.46515107 41.12882093 0.00000000
1AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 70,000,000.00 940.58468829 0.33607543 11.88721814 0.00000000
2A2 96,878,000.00 766.75574248 1.31931760 46.66516609 0.00000000
2A3 40,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 67,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 43,690,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 43,891,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 88,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 28,190,000.00 903.65140901 0.56115147 26.09270344 0.00000000
4A1 39,070,000.00 945.55789378 0.27197133 0.20351139 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 12,062,000.00 998.54546841 0.37729066 0.00000000 0.00000000
B2 3,446,000.00 998.54546721 0.37728961 0.00000000 0.00000000
B3 2,297,000.00 998.54546800 0.37729212 0.00000000 0.00000000
B4 1,149,000.00 998.54546562 0.37729330 0.00000000 0.00000000
B5 861,000.00 998.54547038 0.37729384 0.00000000 0.00000000
B6 1,149,587.00 998.54546894 0.37729202 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 41.59397441 814.18365847 0.81418366 41.59397441
1A2 0.00000000 41.59397200 814.18365512 0.81418366 41.59397200
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 12.22329357 928.36139471 0.92836139 12.22329357
2A2 0.00000000 47.98448358 718.77125890 0.71877126 47.98448358
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 26.65385491 876.99755410 0.87699755 26.65385491
4A1 0.00000000 0.47548272 945.08241106 0.94508241 0.47548272
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.37729066 998.16817775 0.99816818 0.37729066
B2 0.00000000 0.37728961 998.16817760 0.99816818 0.37728961
B3 0.00000000 0.37729212 998.16817588 0.99816818 0.37729212
B4 0.00000000 0.37729330 998.16818103 0.99816818 0.37729330
B5 0.00000000 0.37729384 998.16817654 0.99816818 0.37729384
B6 0.00000000 0.37729202 998.16817692 0.99816818 0.37729202
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 34,468,000.00 4.36186% 29,496,943.45 107,217.94 0.00 0.00
1A2 1,357,000.00 4.36186% 1,161,290.25 4,221.15 0.00 0.00
1AR 100.00 4.36606% 0.00 0.00 0.00 0.00
2A1 70,000,000.00 4.98952% 65,840,928.18 273,762.46 0.00 0.00
2A2 96,878,000.00 4.98952% 74,281,762.82 308,858.92 0.00 0.00
2A3 40,700,000.00 4.65952% 40,700,000.00 158,035.55 0.00 0.00
2A4 67,109,000.00 4.69452% 67,109,000.00 262,537.40 0.00 0.00
2A5 43,690,000.00 4.76952% 43,690,000.00 173,650.45 0.00 0.00
2A6 43,891,000.00 4.72452% 43,891,000.00 172,803.44 0.00 0.00
2A7 88,042,000.00 4.62452% 88,042,000.00 339,293.69 0.00 0.00
2IO 0.00 0.30556% 283,432,000.00 72,172.00 0.00 0.00
3A1 28,190,000.00 5.25991% 25,473,933.22 111,658.78 0.00 0.00
4A1 39,070,000.00 5.36178% 36,942,946.91 165,066.47 0.00 0.00
1IO 0.00 0.54000% 32,012,093.58 14,405.44 0.00 0.00
B1 12,062,000.00 4.98899% 12,044,455.44 50,074.73 0.00 0.00
B2 3,446,000.00 4.98899% 3,440,987.68 14,305.88 0.00 0.00
B3 2,297,000.00 4.98899% 2,293,658.94 9,535.87 0.00 0.00
B4 1,149,000.00 4.98899% 1,147,328.74 4,770.01 0.00 0.00
B5 861,000.00 4.98899% 859,747.65 3,574.39 0.00 0.00
B6 1,149,587.00 4.98899% 1,147,914.89 4,772.45 0.00 0.00
Totals 574,359,687.00 2,250,717.02 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 107,217.94 0.00 28,063,282.34
1A2 0.00 0.00 4,221.15 0.00 1,104,847.22
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 273,762.46 0.00 64,985,297.63
2A2 0.00 0.00 308,858.92 0.00 69,633,122.02
2A3 0.00 0.00 158,035.55 0.00 40,700,000.00
2A4 0.00 0.00 262,537.40 0.00 67,109,000.00
2A5 0.00 0.00 173,650.45 0.00 43,690,000.00
2A6 0.00 0.00 172,803.44 0.00 43,891,000.00
2A7 0.00 0.00 339,293.69 0.00 88,042,000.00
2IO 0.00 0.00 72,172.00 0.00 283,432,000.00
3A1 0.00 0.00 111,658.78 0.00 24,722,561.05
4A1 0.00 0.00 165,066.47 0.00 36,924,369.80
1IO 0.00 0.00 14,405.44 0.00 30,521,253.57
B1 0.00 0.00 50,074.73 0.00 12,039,904.56
B2 0.00 0.00 14,305.88 0.00 3,439,687.54
B3 0.00 0.00 9,535.87 0.00 2,292,792.30
B4 0.00 0.00 4,770.01 0.00 1,146,895.24
B5 0.00 0.00 3,574.39 0.00 859,422.80
B6 0.00 0.00 4,772.45 0.00 1,147,481.16
Totals 0.00 0.00 2,250,717.02 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 34,468,000.00 4.36186% 855.77763288 3.11065162 0.00000000 0.00000000
1A2 1,357,000.00 4.36186% 855.77763449 3.11064849 0.00000000 0.00000000
1AR 100.00 4.36606% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 70,000,000.00 4.98952% 940.58468829 3.91089229 0.00000000 0.00000000
2A2 96,878,000.00 4.98952% 766.75574248 3.18812238 0.00000000 0.00000000
2A3 40,700,000.00 4.65952% 1000.00000000 3.88293735 0.00000000 0.00000000
2A4 67,109,000.00 4.69452% 1000.00000000 3.91210419 0.00000000 0.00000000
2A5 43,690,000.00 4.76952% 1000.00000000 3.97460403 0.00000000 0.00000000
2A6 43,891,000.00 4.72452% 1000.00000000 3.93710419 0.00000000 0.00000000
2A7 88,042,000.00 4.62452% 1000.00000000 3.85377081 0.00000000 0.00000000
2IO 0.00 0.30556% 1000.00000000 0.25463603 0.00000000 0.00000000
3A1 28,190,000.00 5.25991% 903.65140901 3.96093579 0.00000000 0.00000000
4A1 39,070,000.00 5.36178% 945.55789378 4.22489045 0.00000000 0.00000000
1IO 0.00 0.54000% 860.95803982 0.38743106 0.00000000 0.00000000
B1 12,062,000.00 4.98899% 998.54546841 4.15144503 0.00000000 0.00000000
B2 3,446,000.00 4.98899% 998.54546721 4.15144515 0.00000000 0.00000000
B3 2,297,000.00 4.98899% 998.54546800 4.15144536 0.00000000 0.00000000
B4 1,149,000.00 4.98899% 998.54546562 4.15144473 0.00000000 0.00000000
B5 861,000.00 4.98899% 998.54547038 4.15144019 0.00000000 0.00000000
B6 1,149,587.00 4.98899% 998.54546894 4.15144743 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 3.11065162 0.00000000 814.18365847
1A2 0.00000000 0.00000000 3.11064849 0.00000000 814.18365512
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.91089229 0.00000000 928.36139471
2A2 0.00000000 0.00000000 3.18812238 0.00000000 718.77125890
2A3 0.00000000 0.00000000 3.88293735 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.91210419 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.97460403 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.93710419 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.85377081 0.00000000 1000.00000000
2IO 0.00000000 0.00000000 0.25463603 0.00000000 1000.00000000
3A1 0.00000000 0.00000000 3.96093579 0.00000000 876.99755410
4A1 0.00000000 0.00000000 4.22489045 0.00000000 945.08241106
1IO 0.00000000 0.00000000 0.38743106 0.00000000 820.86223386
B1 0.00000000 0.00000000 4.15144503 0.00000000 998.16817775
B2 0.00000000 0.00000000 4.15144515 0.00000000 998.16817760
B3 0.00000000 0.00000000 4.15144536 0.00000000 998.16817588
B4 0.00000000 0.00000000 4.15144473 0.00000000 998.16818103
B5 0.00000000 0.00000000 4.15144019 0.00000000 998.16817654
B6 0.00000000 0.00000000 4.15144743 0.00000000 998.16817692
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 10,139,846.50
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 10,139,846.50
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 116,894.97
Payment of Interest and Principal 10,022,951.53
Total Withdrawals (Pool Distribution Amount) 10,139,846.50
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 115,327.07
Trustee Fee - Wells Fargo Bank, N.A. 1,567.90
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 116,894.97
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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
1,623,189.25 0.00 0.00 0.00 1,623,189.25
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
407,507.18 0.00 0.00 0.00 407,507.18
120 Days 1 0 0 0 1
388,000.00 0.00 0.00 0.00 388,000.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 5 0 0 0 5
2,418,696.43 0.00 0.00 0.00 2,418,696.43
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 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.294985% 0.000000% 0.000000% 0.000000% 0.294985%
0.306288% 0.000000% 0.000000% 0.000000% 0.306288%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.098328% 0.000000% 0.000000% 0.000000% 0.098328%
0.076895% 0.000000% 0.000000% 0.000000% 0.076895%
120 Days 0.098328% 0.000000% 0.000000% 0.000000% 0.098328%
0.073214% 0.000000% 0.000000% 0.000000% 0.073214%
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 0.491642% 0.000000% 0.000000% 0.000000% 0.491642%
0.456396% 0.000000% 0.000000% 0.000000% 0.456396%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1-Three Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- Five Year ARM 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
1,623,189.25 0.00 0.00 0.00 1,623,189.25
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
407,507.18 0.00 0.00 0.00 407,507.18
120 Days 1 0 0 0 1
388,000.00 0.00 0.00 0.00 388,000.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 5 0 0 0 5
2,418,696.43 0.00 0.00 0.00 2,418,696.43
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.358852% 0.000000% 0.000000% 0.000000% 0.358852%
0.372966% 0.000000% 0.000000% 0.000000% 0.372966%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.119617% 0.000000% 0.000000% 0.000000% 0.119617%
0.093634% 0.000000% 0.000000% 0.000000% 0.093634%
120 Days 0.119617% 0.000000% 0.000000% 0.000000% 0.119617%
0.089152% 0.000000% 0.000000% 0.000000% 0.089152%
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 0.598086% 0.000000% 0.000000% 0.000000% 0.598086%
0.555753% 0.000000% 0.000000% 0.000000% 0.555753%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3- Seven Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4- Ten Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 10,584.47
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-Three Year ARM 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- Five Year ARM 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- Seven Year ARM 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- Ten Year ARM 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-Three Year ARM 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- Five Year ARM 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- Seven Year ARM 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- Ten Year ARM 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 ARM
Weighted Average Gross Coupon 5.285202%
Weighted Average Net Coupon 5.027759%
Weighted Average Pass-Through Rate 5.024259%
Weighted Average Maturity(Stepdown Calculation) 354
Beginning Scheduled Collateral Loan Count 1,030
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 1,017
Beginning Scheduled Collateral Balance 537,563,899.10
Ending Scheduled Collateral Balance 529,791,664.58
Ending Actual Collateral Balance at 30-Sep-2005 529,955,152.90
Monthly P&I Constant 2,569,968.38
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 202,356.67
Unscheduled Principal 7,569,877.85
Miscellaneous Reporting
Total Senior Percentage 96.105748%
Aggregate Senior Percentage 3.894252%
Group Level Collateral Statement
Group 1-Three Year ARM 2- Five Year ARM 3- Seven Year ARM
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 5.280360 5.243024 5.513408
Weighted Average Net Rate 4.905360 4.993024 5.263408
Weighted Average Maturity 354 354 355
Beginning Loan Count 64 845 53
Loans Paid In Full 3 9 1
Ending Loan Count 61 836 52
Beginning Scheduled Balance 32,012,093.58 440,590,746.04 26,538,931.75
Ending Scheduled Balance 30,521,253.57 435,080,387.62 25,786,898.23
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 158,262.71 2,082,448.48 138,413.50
Scheduled Principal 17,399.89 157,425.19 16,480.21
Unscheduled Principal 1,473,440.12 5,352,933.23 735,553.31
Scheduled Interest 140,862.82 1,925,023.29 121,933.29
Servicing Fees 10,003.78 91,789.74 5,528.94
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 93.37 1,285.06 77.41
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 130,765.67 1,831,948.49 116,326.94
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 4.901860 4.989524 5.259908
Group Level Collateral Statement
Group 4- Ten Year ARM Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.615274 5.285202
Weighted Average Net Rate 5.365274 5.027759
Weighted Average Maturity 355 354
Beginning Loan Count 68 1,030
Loans Paid In Full 0 13
Ending Loan Count 68 1,017
Beginning Scheduled Balance 38,422,127.73 537,563,899.10
Ending scheduled Balance 38,403,125.16 529,791,664.58
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 190,843.69 2,569,968.38
Scheduled Principal 11,051.38 202,356.67
Unscheduled Principal 7,951.19 7,569,877.85
Scheduled Interest 179,792.31 2,367,611.71
Servicing Fees 8,004.61 115,327.07
Master Servicing Fees 0.00 0.00
Trustee Fee 112.06 1,567.90
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 171,675.64 2,250,716.74
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 5.361774 5.024259
Miscellaneous Reporting
Group 1-Three Year ARM
CPR 43.207247%
Subordinate Percentage 4.229213%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.770787%
Group 2- Five Year ARM
CPR 13.648067%
Subordinate Percentage 3.866639%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.133361%
Group 3- Seven Year ARM
CPR 28.644854%
Subordinate Percentage 4.012966%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.987034%
Miscellaneous Reporting
Group 4- Ten Year ARM
CPR 0.248120%
Subordinate Percentage 3.849814%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.150186%
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-Three Year ARM 3 1,475,000.00 1,473,227.78 0 0.00 0.00
2- Five Year ARM 9 4,301,800.00 4,299,351.05 0 0.00 0.00
3- Seven Year ARM 1 456,000.00 453,761.21 0 0.00 0.00
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00
Total 13 6,232,800.00 6,226,340.04 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-Three Year ARM 0 0.00 0.00 0 0.00 0.00 660.48
2- Five Year ARM 0 0.00 0.00 0 0.00 0.00 1,054,119.11
3- Seven Year ARM 0 0.00 0.00 0 0.00 0.00 282,246.74
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00 7,951.19
Total 0 0.00 0.00 0 0.00 0.00 1,344,977.52
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-Three Year ARM 6549712427 AZ 70.00 01-Jun-2005 693,000.00 693,000.00
1-Three Year ARM 6614820097 CA 80.00 01-May-2005 380,000.00 380,000.00
1-Three Year ARM 6885592599 TX 61.65 01-Jun-2005 402,000.00 399,779.64
2- Five Year ARM 3301693770 CA 71.87 01-Jun-2005 460,000.00 457,338.61
2- Five Year ARM 6160211733 CA 80.00 01-Jun-2005 469,600.00 469,600.00
2- Five Year ARM 6240991270 CA 75.00 01-May-2005 600,000.00 600,000.00
2- Five Year ARM 6246634676 CA 70.00 01-Jun-2005 385,000.00 384,768.25
2- Five Year ARM 6278015414 CA 80.00 01-May-2005 461,200.00 461,200.00
2- Five Year ARM 6453705839 CA 72.54 01-Jun-2005 555,000.00 555,000.00
2- Five Year ARM 6683899634 FL 80.00 01-Jun-2005 488,000.00 488,000.00
2- Five Year ARM 6789122451 CA 78.91 01-Jun-2005 363,000.00 363,000.00
2- Five Year ARM 6973098210 CA 80.00 01-Jun-2005 520,000.00 519,907.26
3- Seven Year ARM 6549397146 CA 80.00 01-May-2005 456,000.00 453,306.57
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-Three Year ARM 6549712427 Loan Paid in Full 0 5.125% 360 4
1-Three Year ARM 6614820097 Loan Paid in Full (1) 5.000% 360 5
1-Three Year ARM 6885592599 Loan Paid in Full 0 5.500% 360 4
2- Five Year ARM 3301693770 Loan Paid in Full 0 5.250% 360 4
2- Five Year ARM 6160211733 Loan Paid in Full (1) 4.750% 360 4
2- Five Year ARM 6240991270 Loan Paid in Full 0 5.625% 360 5
2- Five Year ARM 6246634676 Loan Paid in Full (1) 5.250% 360 4
2- Five Year ARM 6278015414 Loan Paid in Full 0 5.500% 360 5
2- Five Year ARM 6453705839 Loan Paid in Full 0 6.000% 360 4
2- Five Year ARM 6683899634 Loan Paid in Full (1) 5.875% 360 4
2- Five Year ARM 6789122451 Loan Paid in Full 0 5.750% 360 4
2- Five Year ARM 6973098210 Loan Paid in Full (1) 6.125% 360 4
3- Seven Year ARM 6549397146 Loan Paid in Full 0 6.125% 360 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.409% Current Month 15.654% Current Month 1,742.770%
3 Month Average 1.828% 3 Month Average 19.639% 3 Month Average 3,192.796%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 11.071% N/A Jun-2005 11,372.012% N/A
Jul-2005 15.206% N/A Jul-2005 5,100.639% N/A
Aug-2005 28.309% N/A Aug-2005 5,692.199% N/A
Sep-2005 14.953% N/A Sep-2005 2,143.418% N/A
Oct-2005 15.654% N/A Oct-2005 1,742.770% 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-Three Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.605% Current Month 43.207% Current Month 4,956.913%
3 Month Average 4.108% 3 Month Average 37.723% 3 Month Average 6,258.631%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 23.152% N/A Jun-2005 33,142.402% N/A
Jul-2005 42.554% N/A Jul-2005 15,580.148% N/A
Aug-2005 54.202% N/A Aug-2005 11,469.370% N/A
Sep-2005 15.760% N/A Sep-2005 2,349.611% N/A
Oct-2005 43.207% N/A Oct-2005 4,956.913% 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- Five Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.215% Current Month 13.648% Current Month 1,534.491%
3 Month Average 1.568% 3 Month Average 17.105% 3 Month Average 2,826.095%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 11.317% N/A Jun-2005 12,777.112% N/A
Jul-2005 13.805% N/A Jul-2005 4,777.186% N/A
Aug-2005 24.795% N/A Aug-2005 5,075.299% N/A
Sep-2005 12.872% N/A Sep-2005 1,868.496% N/A
Oct-2005 13.648% N/A Oct-2005 1,534.491% 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- Seven Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.773% Current Month 28.645% Current Month 3,183.828%
3 Month Average 3.864% 3 Month Average 36.989% 3 Month Average 5,597.861%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 4.834% N/A Jun-2005 4,739.365% N/A
Jul-2005 1.097% N/A Jul-2005 363.288% N/A
Aug-2005 32.176% N/A Aug-2005 6,449.777% N/A
Sep-2005 50.146% N/A Sep-2005 7,159.978% N/A
Oct-2005 28.645% N/A Oct-2005 3,183.828% 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- Ten Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.021% Current Month 0.248% Current Month 24.363%
3 Month Average 1.405% 3 Month Average 14.077% 3 Month Average 2,202.795%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.193% N/A Jun-2005 88.305% N/A
Jul-2005 11.302% N/A Jul-2005 2,684.427% N/A
Aug-2005 36.796% N/A Aug-2005 5,950.192% N/A
Sep-2005 5.188% N/A Sep-2005 633.829% N/A
Oct-2005 0.248% N/A Oct-2005 24.363% 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-Three Year ARM 0 0.00 0.00 0.000%
2- Five Year ARM 0 0.00 0.00 0.000%
3- Seven Year ARM 0 0.00 0.00 0.000%
4- Ten Year ARM 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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-Three Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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- Five Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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- Seven Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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- Ten Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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.
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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)
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