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-D Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-19
Pooling and Servicing Agreement) (Commission 54-2173100
(State or other File Number) 54-2173101
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
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-D
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-D 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-D 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-D 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-D
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-A-1 05949A4G2 SEN 4.45473% 31,082,731.28 115,387.64
1-A-2 05949A4H0 SEN 4.45473% 1,183,524.36 4,393.57
1-A-R 05949A4J6 SEN 4.43265% 0.00 0.00
2-A-1 05949A4K3 SEN 4.79668% 23,727,197.98 94,843.10
2-A-2 05949A4L1 SEN 4.79668% 82,342,896.07 329,143.62
2-A-3 05949A4M9 SEN 4.79668% 41,212,000.00 164,733.90
2-A-4 05949A4N7 SEN 4.79668% 71,406,000.00 285,426.31
2-A-5 05949A4P2 SEN 4.79668% 44,652,000.00 178,484.38
2-A-6 05949A4Q0 SEN 4.79668% 46,315,000.00 185,131.78
2-A-7 05949A4R8 SEN 4.79668% 92,221,000.00 368,628.69
3-A-1 05949A4S6 SEN 5.11919% 26,491,294.16 113,011.61
1-IO 05949A4Z0 SEN 0.27100% 0.00 7,598.52
B-1 05949A4T4 SUB 4.78975% 9,147,902.81 36,513.45
B-2 05949A4U1 SUB 4.78975% 3,304,102.35 13,188.18
B-3 05949A4V9 SUB 4.78975% 2,287,225.18 9,129.36
B-4 05949A4W7 SUB 4.78975% 1,015,879.25 4,054.84
B-5 05949A4X5 SUB 4.78975% 762,408.39 3,043.12
B-6 05949A4Y3 SUB 4.78975% 1,271,540.53 5,075.30
Totals 478,422,702.36 1,917,787.37
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 1,561,630.85 0.00 29,521,100.43 1,677,018.49 0.00
1-A-2 59,461.57 0.00 1,124,062.79 63,855.14 0.00
1-A-R 0.00 0.00 0.00 0.00 0.00
2-A-1 225,990.95 0.00 23,501,207.03 320,834.05 0.00
2-A-2 3,601,699.14 0.00 78,741,196.93 3,930,842.76 0.00
2-A-3 0.00 0.00 41,212,000.00 164,733.90 0.00
2-A-4 0.00 0.00 71,406,000.00 285,426.31 0.00
2-A-5 0.00 0.00 44,652,000.00 178,484.38 0.00
2-A-6 0.00 0.00 46,315,000.00 185,131.78 0.00
2-A-7 0.00 0.00 92,221,000.00 368,628.69 0.00
3-A-1 15,211.82 0.00 26,476,082.35 128,223.43 0.00
1-IO 0.00 0.00 0.00 7,598.52 0.00
B-1 3,952.38 0.00 9,143,950.43 40,465.83 0.00
B-2 1,427.55 0.00 3,302,674.80 14,615.73 0.00
B-3 988.20 0.00 2,286,236.98 10,117.56 0.00
B-4 438.91 0.00 1,015,440.33 4,493.75 0.00
B-5 329.40 0.00 762,078.99 3,372.52 0.00
B-6 549.37 0.00 1,270,991.15 5,624.67 0.00
Totals 5,471,680.14 0.00 472,951,022.21 7,389,467.51 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-A-1 36,768,000.00 31,082,731.28 18,194.75 1,543,436.10 0.00 0.00
1-A-2 1,400,000.00 1,183,524.36 692.79 58,768.78 0.00 0.00
1-A-R 100.00 0.00 0.00 0.00 0.00 0.00
2-A-1 25,000,000.00 23,727,197.98 9,779.05 216,211.90 0.00 0.00
2-A-2 102,628,000.00 82,342,896.07 155,852.28 3,445,846.85 0.00 0.00
2-A-3 41,212,000.00 41,212,000.00 0.00 0.00 0.00 0.00
2-A-4 71,406,000.00 71,406,000.00 0.00 0.00 0.00 0.00
2-A-5 44,652,000.00 44,652,000.00 0.00 0.00 0.00 0.00
2-A-6 46,315,000.00 46,315,000.00 0.00 0.00 0.00 0.00
2-A-7 92,221,000.00 92,221,000.00 0.00 0.00 0.00 0.00
3-A-1 29,879,000.00 26,491,294.16 13,737.21 1,474.61 0.00 0.00
1-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 9,167,000.00 9,147,902.81 3,952.38 0.00 0.00 0.00
B-2 3,311,000.00 3,304,102.35 1,427.55 0.00 0.00 0.00
B-3 2,292,000.00 2,287,225.18 988.20 0.00 0.00 0.00
B-4 1,018,000.00 1,015,879.25 438.91 0.00 0.00 0.00
B-5 764,000.00 762,408.39 329.40 0.00 0.00 0.00
B-6 1,274,195.00 1,271,540.53 549.37 0.00 0.00 0.00
Totals 509,307,295.00 478,422,702.36 205,941.89 5,265,738.24 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>
1-A-1 1,561,630.85 29,521,100.43 0.80290199 1,561,630.85
1-A-2 59,461.57 1,124,062.79 0.80290199 59,461.57
1-A-R 0.00 0.00 0.00000000 0.00
2-A-1 225,990.95 23,501,207.03 0.94004828 225,990.95
2-A-2 3,601,699.14 78,741,196.93 0.76724867 3,601,699.14
2-A-3 0.00 41,212,000.00 1.00000000 0.00
2-A-4 0.00 71,406,000.00 1.00000000 0.00
2-A-5 0.00 44,652,000.00 1.00000000 0.00
2-A-6 0.00 46,315,000.00 1.00000000 0.00
2-A-7 0.00 92,221,000.00 1.00000000 0.00
3-A-1 15,211.82 26,476,082.35 0.88611006 15,211.82
1-IO 0.00 0.00 0.00000000 0.00
B-1 3,952.38 9,143,950.43 0.99748559 3,952.38
B-2 1,427.55 3,302,674.80 0.99748559 1,427.55
B-3 988.20 2,286,236.98 0.99748559 988.20
B-4 438.91 1,015,440.33 0.99748559 438.91
B-5 329.40 762,078.99 0.99748559 329.40
B-6 549.37 1,270,991.15 0.99748559 549.37
Totals 5,471,680.14 472,951,022.21 0.92861623 5,471,680.14
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-A-1 36,768,000.00 845.37454526 0.49485286 41.97770072 0.00000000
1-A-2 1,400,000.00 845.37454286 0.49485000 41.97770000 0.00000000
1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 25,000,000.00 949.08791920 0.39116200 8.64847600 0.00000000
2-A-2 102,628,000.00 802.34337676 1.51861363 33.57608888 0.00000000
2-A-3 41,212,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-4 71,406,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-5 44,652,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-6 46,315,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-7 92,221,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3-A-1 29,879,000.00 886.61916932 0.45976137 0.04935272 0.00000000
1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 9,167,000.00 997.91674594 0.43115305 0.00000000 0.00000000
B-2 3,311,000.00 997.91674721 0.43115373 0.00000000 0.00000000
B-3 2,292,000.00 997.91674520 0.43115183 0.00000000 0.00000000
B-4 1,018,000.00 997.91674853 0.43114931 0.00000000 0.00000000
B-5 764,000.00 997.91674084 0.43115183 0.00000000 0.00000000
B-6 1,274,195.00 997.91674744 0.43115065 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>
1-A-1 0.00000000 42.47255358 802.90199168 0.80290199 42.47255358
1-A-2 0.00000000 42.47255000 802.90199286 0.80290199 42.47255000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 9.03963800 940.04828120 0.94004828 9.03963800
2-A-2 0.00000000 35.09470262 767.24867414 0.76724867 35.09470262
2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3-A-1 0.00000000 0.50911409 886.11005556 0.88611006 0.50911409
1-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 0.43115305 997.48559289 0.99748559 0.43115305
B-2 0.00000000 0.43115373 997.48559348 0.99748559 0.43115373
B-3 0.00000000 0.43115183 997.48559337 0.99748559 0.43115183
B-4 0.00000000 0.43114931 997.48558939 0.99748559 0.43114931
B-5 0.00000000 0.43115183 997.48558901 0.99748559 0.43115183
B-6 0.00000000 0.43115065 997.48558894 0.99748559 0.43115065
<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-A-1 36,768,000.00 4.45473% 31,082,731.28 115,387.64 0.00 0.00
1-A-2 1,400,000.00 4.45473% 1,183,524.36 4,393.57 0.00 0.00
1-A-R 100.00 4.43265% 0.00 0.00 0.00 0.00
2-A-1 25,000,000.00 4.79668% 23,727,197.98 94,843.10 0.00 0.00
2-A-2 102,628,000.00 4.79668% 82,342,896.07 329,143.62 0.00 0.00
2-A-3 41,212,000.00 4.79668% 41,212,000.00 164,733.90 0.00 0.00
2-A-4 71,406,000.00 4.79668% 71,406,000.00 285,426.31 0.00 0.00
2-A-5 44,652,000.00 4.79668% 44,652,000.00 178,484.38 0.00 0.00
2-A-6 46,315,000.00 4.79668% 46,315,000.00 185,131.78 0.00 0.00
2-A-7 92,221,000.00 4.79668% 92,221,000.00 368,628.69 0.00 0.00
3-A-1 29,879,000.00 5.11919% 26,491,294.16 113,011.61 0.00 0.00
1-IO 0.00 0.27100% 33,646,569.16 7,598.52 0.00 0.00
B-1 9,167,000.00 4.78975% 9,147,902.81 36,513.45 0.00 0.00
B-2 3,311,000.00 4.78975% 3,304,102.35 13,188.18 0.00 0.00
B-3 2,292,000.00 4.78975% 2,287,225.18 9,129.36 0.00 0.00
B-4 1,018,000.00 4.78975% 1,015,879.25 4,054.84 0.00 0.00
B-5 764,000.00 4.78975% 762,408.39 3,043.12 0.00 0.00
B-6 1,274,195.00 4.78975% 1,271,540.53 5,075.30 0.00 0.00
Totals 509,307,295.00 1,917,787.37 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-A-1 0.00 0.00 115,387.64 0.00 29,521,100.43
1-A-2 0.00 0.00 4,393.57 0.00 1,124,062.79
1-A-R 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 94,843.10 0.00 23,501,207.03
2-A-2 0.00 0.00 329,143.62 0.00 78,741,196.93
2-A-3 0.00 0.00 164,733.90 0.00 41,212,000.00
2-A-4 0.00 0.00 285,426.31 0.00 71,406,000.00
2-A-5 0.00 0.00 178,484.38 0.00 44,652,000.00
2-A-6 0.00 0.00 185,131.78 0.00 46,315,000.00
2-A-7 0.00 0.00 368,628.69 0.00 92,221,000.00
3-A-1 0.00 0.00 113,011.61 0.00 26,476,082.35
1-IO 0.00 0.00 7,598.52 0.00 32,024,668.75
B-1 0.00 0.00 36,513.45 0.00 9,143,950.43
B-2 0.00 0.00 13,188.18 0.00 3,302,674.80
B-3 0.00 0.00 9,129.36 0.00 2,286,236.98
B-4 0.00 0.00 4,054.84 0.00 1,015,440.33
B-5 0.00 0.00 3,043.12 0.00 762,078.99
B-6 0.00 0.00 5,075.30 0.00 1,270,991.15
Totals 0.00 0.00 1,917,787.37 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-A-1 36,768,000.00 4.45473% 845.37454526 3.13826262 0.00000000 0.00000000
1-A-2 1,400,000.00 4.45473% 845.37454286 3.13826429 0.00000000 0.00000000
1-A-R 100.00 4.43265% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 25,000,000.00 4.79668% 949.08791920 3.79372400 0.00000000 0.00000000
2-A-2 102,628,000.00 4.79668% 802.34337676 3.20715224 0.00000000 0.00000000
2-A-3 41,212,000.00 4.79668% 1000.00000000 3.99723139 0.00000000 0.00000000
2-A-4 71,406,000.00 4.79668% 1000.00000000 3.99723147 0.00000000 0.00000000
2-A-5 44,652,000.00 4.79668% 1000.00000000 3.99723148 0.00000000 0.00000000
2-A-6 46,315,000.00 4.79668% 1000.00000000 3.99723157 0.00000000 0.00000000
2-A-7 92,221,000.00 4.79668% 1000.00000000 3.99723154 0.00000000 0.00000000
3-A-1 29,879,000.00 5.11919% 886.61916932 3.78230898 0.00000000 0.00000000
1-IO 0.00 0.27100% 850.68196808 0.19211242 0.00000000 0.00000000
B-1 9,167,000.00 4.78975% 997.91674594 3.98314061 0.00000000 0.00000000
B-2 3,311,000.00 4.78975% 997.91674721 3.98314105 0.00000000 0.00000000
B-3 2,292,000.00 4.78975% 997.91674520 3.98314136 0.00000000 0.00000000
B-4 1,018,000.00 4.78975% 997.91674853 3.98314342 0.00000000 0.00000000
B-5 764,000.00 4.78975% 997.91674084 3.98314136 0.00000000 0.00000000
B-6 1,274,195.00 4.78975% 997.91674744 3.98314230 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>
1-A-1 0.00000000 0.00000000 3.13826262 0.00000000 802.90199168
1-A-2 0.00000000 0.00000000 3.13826429 0.00000000 802.90199286
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 3.79372400 0.00000000 940.04828120
2-A-2 0.00000000 0.00000000 3.20715224 0.00000000 767.24867414
2-A-3 0.00000000 0.00000000 3.99723139 0.00000000 1000.00000000
2-A-4 0.00000000 0.00000000 3.99723147 0.00000000 1000.00000000
2-A-5 0.00000000 0.00000000 3.99723148 0.00000000 1000.00000000
2-A-6 0.00000000 0.00000000 3.99723157 0.00000000 1000.00000000
2-A-7 0.00000000 0.00000000 3.99723154 0.00000000 1000.00000000
3-A-1 0.00000000 0.00000000 3.78230898 0.00000000 886.11005556
1-IO 0.00000000 0.00000000 0.19211242 0.00000000 809.67566440
B-1 0.00000000 0.00000000 3.98314061 0.00000000 997.48559289
B-2 0.00000000 0.00000000 3.98314105 0.00000000 997.48559348
B-3 0.00000000 0.00000000 3.98314136 0.00000000 997.48559337
B-4 0.00000000 0.00000000 3.98314342 0.00000000 997.48558939
B-5 0.00000000 0.00000000 3.98314136 0.00000000 997.48558901
B-6 0.00000000 0.00000000 3.98314230 0.00000000 997.48558894
<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 7,492,883.54
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 7,492,883.54
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 103,416.03
Payment of Interest and Principal 7,389,467.51
Total Withdrawals (Pool Distribution Amount) 7,492,883.54
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 103,176.62
Trustee Fee - Wells Fargo Bank, N.A. 239.41
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 103,416.03
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 5 0 0 0 5
1,521,421.04 0.00 0.00 0.00 1,521,421.04
60 Days 1 0 0 0 1
222,418.84 0.00 0.00 0.00 222,418.84
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 6 0 0 0 6
1,743,839.88 0.00 0.00 0.00 1,743,839.88
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 0.499002% 0.000000% 0.000000% 0.000000% 0.499002%
0.321580% 0.000000% 0.000000% 0.000000% 0.321580%
60 Days 0.099800% 0.000000% 0.000000% 0.000000% 0.099800%
0.047012% 0.000000% 0.000000% 0.000000% 0.047012%
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 0.598802% 0.000000% 0.000000% 0.000000% 0.598802%
0.368592% 0.000000% 0.000000% 0.000000% 0.368592%
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 1 0 0 0 1
256,755.00 0.00 0.00 0.00 256,755.00
60 Days 1 0 0 0 1
222,418.84 0.00 0.00 0.00 222,418.84
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
479,173.84 0.00 0.00 0.00 479,173.84
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.162791% 0.000000% 0.000000% 0.000000% 1.162791%
0.801477% 0.000000% 0.000000% 0.000000% 0.801477%
60 Days 1.162791% 0.000000% 0.000000% 0.000000% 1.162791%
0.694295% 0.000000% 0.000000% 0.000000% 0.694295%
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 2.325581% 0.000000% 0.000000% 0.000000% 2.325581%
1.495772% 0.000000% 0.000000% 0.000000% 1.495772%
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 4 0 0 0 4
1,264,666.04 0.00 0.00 0.00 1,264,666.04
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
1,264,666.04 0.00 0.00 0.00 1,264,666.04
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.466744% 0.000000% 0.000000% 0.000000% 0.466744%
0.305841% 0.000000% 0.000000% 0.000000% 0.305841%
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 0.466744% 0.000000% 0.000000% 0.000000% 0.466744%
0.305841% 0.000000% 0.000000% 0.000000% 0.305841%
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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 7,458.20
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.
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.
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 5.069666%
Weighted Average Net Coupon 4.810875%
Weighted Average Pass-Through Rate 4.810275%
Weighted Average Maturity(Stepdown Calculation) 353
Beginning Scheduled Collateral Loan Count 1,015
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 1,002
Beginning Scheduled Collateral Balance 478,422,703.34
Ending Scheduled Collateral Balance 472,951,023.19
Ending Actual Collateral Balance at 30-Sep-2005 473,108,007.73
Monthly P&I Constant 2,227,144.70
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 205,941.91
Unscheduled Principal 5,265,738.24
Ancillary Fees $1,919.19
Miscellaneous Reporting
Total Senior Percentage 96.281728%
Aggregate Senior Percentage 3.718272%
Group Level Collateral Statement
Group 1- Three Year ARM 2- Five Year ARM 3- Seven Year ARM
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.101329 5.047278 5.369788
Weighted Average Net Rate 4.726329 4.797278 5.119788
Weighted Average Maturity 351 353 353
Beginning Loan Count 90 866 59
Loans Paid In Full 4 9 0
Ending Loan Count 86 857 59
Beginning Scheduled Balance 33,646,569.16 417,203,659.53 27,572,474.65
Ending Scheduled Balance 32,024,668.75 413,369,652.26 27,556,702.18
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 162,730.70 1,926,734.18 137,679.82
Scheduled Principal 19,695.53 171,948.52 14,297.86
Unscheduled Principal 1,602,204.88 3,662,058.75 1,474.61
Scheduled Interest 143,035.17 1,754,785.66 123,381.96
Servicing Fees 10,514.55 86,917.43 5,744.27
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 16.82 208.60 13.79
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 132,503.80 1,667,659.63 117,623.90
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 4.725729 4.796678 5.119188
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 5.069666
Weighted Average Net Rate 4.810875
Weighted Average Maturity 353
Beginning Loan Count 1,015
Loans Paid In Full 13
Ending Loan Count 1,002
Beginning Scheduled Balance 478,422,703.34
Ending scheduled Balance 472,951,023.19
Record Date 09/30/2005
Principal And Interest Constant 2,227,144.70
Scheduled Principal 205,941.91
Unscheduled Principal 5,265,738.24
Scheduled Interest 2,021,202.79
Servicing Fees 103,176.25
Master Servicing Fees 0.00
Trustee Fee 239.21
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,917,787.33
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 4.810275
Miscellaneous Reporting
Group 1- Three Year ARM
CPR 44.335559%
Subordinate Percentage 4.102390%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.897610%
Group 2- Five Year ARM
CPR 10.043176%
Subordinate Percentage 3.673880%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.326120%
Group 3- Seven Year ARM
CPR 0.064192%
Subordinate Percentage 3.921231%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.078769%
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 4 1,607,148.00 1,601,960.29 0 0.00 0.00
2- Five Year ARM 9 3,900,070.00 3,524,963.58 0 0.00 0.00
3- Seven Year ARM 0 0.00 0.00 0 0.00 0.00
Total 13 5,507,218.00 5,126,923.87 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 1,186.12
2- Five Year ARM 0 0.00 0.00 0 0.00 0.00 183,038.20
3- Seven Year ARM 0 0.00 0.00 0 0.00 0.00 1,474.61
Total 0 0.00 0.00 0 0.00 0.00 185,698.93
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 3301607689 CA 48.23 01-Apr-2005 460,650.00 456,788.85
1- Three Year ARM 6255158567 CA 67.21 01-Apr-2005 615,000.00 615,000.00
1- Three Year ARM 6340432803 CA 77.53 01-May-2005 374,498.00 372,232.94
1- Three Year ARM 6461469857 NV 66.80 01-Feb-2005 157,000.00 156,996.97
2- Five Year ARM 3301742486 CA 54.42 01-May-2005 408,160.00 405,320.01
2- Five Year ARM 6037210603 SC 75.00 01-Apr-2005 394,500.00 391,290.54
2- Five Year ARM 6152688625 CA 80.00 01-Apr-2005 728,000.00 728,000.00
2- Five Year ARM 6179715328 CA 75.86 01-May-2005 440,000.00 440,000.00
2- Five Year ARM 6259572235 VA 80.00 01-Apr-2005 544,000.00 544,000.00
2- Five Year ARM 6448923786 OR 70.79 01-Apr-2005 492,000.00 492,000.00
2- Five Year ARM 6554570348 MD 79.91 01-Dec-2004 91,900.00 91,900.00
2- Five Year ARM 6834095165 DC 79.99 01-May-2005 381,510.00 381,510.00
2- Five Year ARM 6874134528 AZ 80.00 01-May-2005 420,000.00 5,000.00
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 3301607689 Loan Paid in Full 0 5.125% 360 6
1- Three Year ARM 6255158567 Loan Paid in Full (1) 5.625% 360 6
1- Three Year ARM 6340432803 Loan Paid in Full 0 6.000% 360 5
1- Three Year ARM 6461469857 Loan Paid in Full 0 5.375% 360 8
2- Five Year ARM 3301742486 Loan Paid in Full 0 5.250% 360 5
2- Five Year ARM 6037210603 Loan Paid in Full 0 5.250% 360 6
2- Five Year ARM 6152688625 Loan Paid in Full 0 5.250% 360 6
2- Five Year ARM 6179715328 Loan Paid in Full 0 4.875% 360 5
2- Five Year ARM 6259572235 Loan Paid in Full 0 4.875% 360 6
2- Five Year ARM 6448923786 Loan Paid in Full 0 5.375% 360 6
2- Five Year ARM 6554570348 Loan Paid in Full 0 4.750% 360 10
2- Five Year ARM 6834095165 Loan Paid in Full 0 4.875% 360 5
2- Five Year ARM 6874134528 Loan Paid in Full (1) 6.500% 360 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.101% Current Month 12.442% Current Month 1,080.721%
3 Month Average 1.411% 3 Month Average 15.643% 3 Month Average 1,720.765%
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 7.745% N/A May-2005 5,142.207% N/A
Jun-2005 10.328% N/A Jun-2005 2,943.464% N/A
Jul-2005 14.564% N/A Jul-2005 2,644.903% N/A
Aug-2005 16.292% N/A Aug-2005 2,169.027% N/A
Sep-2005 18.196% N/A Sep-2005 1,912.549% N/A
Oct-2005 12.442% N/A Oct-2005 1,080.721% 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 4.765% Current Month 44.336% Current Month 3,280.175%
3 Month Average 4.020% 3 Month Average 38.546% 3 Month Average 3,353.392%
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 28.887% N/A May-2005 8,738.111% N/A
Jun-2005 32.444% N/A Jun-2005 6,065.621% N/A
Jul-2005 24.396% N/A Jul-2005 3,323.084% N/A
Aug-2005 28.932% N/A Aug-2005 3,076.616% N/A
Sep-2005 42.370% N/A Sep-2005 3,703.384% N/A
Oct-2005 44.336% N/A Oct-2005 3,280.175% 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 0.878% Current Month 10.043% Current Month 886.669%
3 Month Average 1.131% 3 Month Average 12.730% 3 Month Average 1,423.936%
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 6.117% N/A May-2005 4,633.863% N/A
Jun-2005 8.796% N/A Jun-2005 2,646.899% N/A
Jul-2005 11.551% N/A Jul-2005 2,169.950% N/A
Aug-2005 12.526% N/A Aug-2005 1,710.454% N/A
Sep-2005 15.622% N/A Sep-2005 1,674.685% N/A
Oct-2005 10.043% N/A Oct-2005 886.669% 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 0.005% Current Month 0.064% Current Month 5.363%
3 Month Average 2.338% 3 Month Average 22.479% 3 Month Average 2,643.510%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.004% N/A May-2005 2.335% N/A
Jun-2005 0.101% N/A Jun-2005 25.933% N/A
Jul-2005 39.455% N/A Jul-2005 6,683.527% N/A
Aug-2005 46.418% N/A Aug-2005 5,823.244% N/A
Sep-2005 20.956% N/A Sep-2005 2,101.924% N/A
Oct-2005 0.064% N/A Oct-2005 5.363% 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%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1- 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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2- 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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3- 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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>