UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2005
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-9 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-36
Pooling and Servicing Agreement) (Commission 54-2184236
(State or other File Number) 54-2184237
jurisdiction 54-2184238
of Incorporation) 54-6675918
IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-9
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 2005-9 Trust, relating to the
October 25, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-9 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/26/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-9 Trust,
relating to the October 25, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 9/30/2005
Distribution Date: 10/25/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-9
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 05948KM71 SEN 4.23000% 112,639,000.00 397,052.48
1-CB-2 05948KM89 SEN 5.50000% 41,632,000.00 190,813.33
1-CB-3 05948KM97 SEN 5.50000% 31,895,000.00 146,185.42
1-CB-4 05948KN21 SEN 5.50000% 8,873,000.00 40,667.92
1-CB-5 05948KN39 SEN 1.27000% 0.00 119,209.61
1-CB-6 05948KN47 SEN 5.50000% 9,663,000.00 44,288.75
1-CB-7 05948KN54 SEN 5.50000% 1,645,000.00 7,539.58
1-CB-R 05948KN62 SEN 5.50000% 100.00 5.86
2-CB-1 05948KN70 SEN 6.00000% 49,738,000.00 248,690.00
3-CB-1 05948KN88 SEN 6.00000% 29,869,000.00 149,345.00
4-A-1 05948KP37 SEN 5.50000% 11,126,000.00 50,994.17
4-A-2 05948KP45 SEN 5.50000% 89,487,000.00 410,148.75
4-A-3 05948KP52 SEN 5.50000% 10,155,000.00 46,543.75
4-A-4 05948KP60 SEN 5.50000% 500,000.00 2,291.67
5-A-1 05948KP78 SEN 5.50000% 35,381,000.00 162,162.92
CB-IO 05948KN96 SEN 5.50000% 0.00 36,052.63
CB-PO 05948KP29 SEN 0.00000% 1,837,977.00 0.00
X-IO 05948KP86 SEN 5.50000% 0.00 29,482.11
X-PO 05948KP94 SEN 0.00000% 1,759,838.00 0.00
B-1 05948KQ28 SUB 5.59128% 7,257,000.00 33,813.28
B-2 05948KQ36 SUB 5.59128% 3,174,000.00 14,788.94
B-3 05948KQ44 SUB 5.59128% 2,721,000.00 12,678.23
B-4 05948KQ51 SUB 5.59128% 1,587,000.00 7,394.47
B-5 05948KQ69 SUB 5.59128% 1,360,000.00 6,336.79
B-6 05948KQ77 SUB 5.59128% 1,134,230.00 5,284.83
Totals 453,434,145.00 2,161,770.49
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 279,450.25 0.00 112,359,549.75 676,502.73 0.00
1-CB-2 0.00 0.00 41,632,000.00 190,813.33 0.00
1-CB-3 252,761.60 0.00 31,642,238.40 398,947.02 0.00
1-CB-4 0.00 0.00 8,873,000.00 40,667.92 0.00
1-CB-5 0.00 0.00 0.00 119,209.61 0.00
1-CB-6 23,973.29 0.00 9,639,026.71 68,262.04 0.00
1-CB-7 0.00 0.00 1,645,000.00 7,539.58 0.00
1-CB-R 100.00 0.00 0.00 105.86 0.00
2-CB-1 539,625.56 0.00 49,198,374.44 788,315.56 0.00
3-CB-1 193,267.18 0.00 29,675,732.82 342,612.18 0.00
4-A-1 0.00 0.00 11,126,000.00 50,994.17 0.00
4-A-2 1,318,641.09 0.00 88,168,358.91 1,728,789.84 0.00
4-A-3 0.00 0.00 10,155,000.00 46,543.75 0.00
4-A-4 0.00 0.00 500,000.00 2,291.67 0.00
5-A-1 253,460.28 0.00 35,127,539.72 415,623.20 0.00
CB-IO 0.00 0.00 0.00 36,052.63 0.00
CB-PO 11,438.71 0.00 1,826,538.29 11,438.71 0.00
X-IO 0.00 0.00 0.00 29,482.11 0.00
X-PO 5,929.22 0.00 1,753,908.78 5,929.22 0.00
B-1 8,868.19 0.00 7,248,131.81 42,681.47 0.00
B-2 3,878.69 0.00 3,170,121.31 18,667.63 0.00
B-3 3,325.11 0.00 2,717,674.89 16,003.34 0.00
B-4 1,939.34 0.00 1,585,060.66 9,333.81 0.00
B-5 1,661.95 0.00 1,358,338.05 7,998.74 0.00
B-6 1,386.05 0.00 1,132,843.95 6,670.88 0.00
Totals 2,899,706.51 0.00 450,534,438.49 5,061,477.00 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 112,639,000.00 112,639,000.00 107,250.55 172,199.70 0.00 0.00
1-CB-2 41,632,000.00 41,632,000.00 0.00 0.00 0.00 0.00
1-CB-3 31,895,000.00 31,895,000.00 97,007.68 155,753.92 0.00 0.00
1-CB-4 8,873,000.00 8,873,000.00 0.00 0.00 0.00 0.00
1-CB-5 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-6 9,663,000.00 9,663,000.00 9,200.74 14,772.55 0.00 0.00
1-CB-7 1,645,000.00 1,645,000.00 0.00 0.00 0.00 0.00
1-CB-R 100.00 100.00 38.38 61.62 0.00 0.00
2-CB-1 49,738,000.00 49,738,000.00 46,089.28 493,536.28 0.00 0.00
3-CB-1 29,869,000.00 29,869,000.00 27,698.44 165,568.75 0.00 0.00
4-A-1 11,126,000.00 11,126,000.00 0.00 0.00 0.00 0.00
4-A-2 89,487,000.00 89,487,000.00 111,820.44 1,206,820.64 0.00 0.00
4-A-3 10,155,000.00 10,155,000.00 0.00 0.00 0.00 0.00
4-A-4 500,000.00 500,000.00 0.00 0.00 0.00 0.00
5-A-1 35,381,000.00 35,381,000.00 127,146.00 126,314.28 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
CB-PO 1,837,977.00 1,837,977.00 2,054.59 9,384.12 0.00 0.00
X-IO 0.00 0.00 0.00 0.00 0.00 0.00
X-PO 1,759,838.00 1,759,838.00 5,029.09 900.13 0.00 0.00
B-1 7,257,000.00 7,257,000.00 8,868.19 0.00 0.00 0.00
B-2 3,174,000.00 3,174,000.00 3,878.69 0.00 0.00 0.00
B-3 2,721,000.00 2,721,000.00 3,325.11 0.00 0.00 0.00
B-4 1,587,000.00 1,587,000.00 1,939.34 0.00 0.00 0.00
B-5 1,360,000.00 1,360,000.00 1,661.95 0.00 0.00 0.00
B-6 1,134,230.00 1,134,230.00 1,386.05 0.00 0.00 0.00
Totals 453,434,145.00 453,434,145.00 554,394.52 2,345,311.99 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-CB-1 279,450.25 112,359,549.75 0.99751906 279,450.25
1-CB-2 0.00 41,632,000.00 1.00000000 0.00
1-CB-3 252,761.60 31,642,238.40 0.99207520 252,761.60
1-CB-4 0.00 8,873,000.00 1.00000000 0.00
1-CB-5 0.00 0.00 0.00000000 0.00
1-CB-6 23,973.29 9,639,026.71 0.99751906 23,973.29
1-CB-7 0.00 1,645,000.00 1.00000000 0.00
1-CB-R 100.00 0.00 0.00000000 100.00
2-CB-1 539,625.56 49,198,374.44 0.98915064 539,625.56
3-CB-1 193,267.18 29,675,732.82 0.99352951 193,267.18
4-A-1 0.00 11,126,000.00 1.00000000 0.00
4-A-2 1,318,641.09 88,168,358.91 0.98526444 1,318,641.09
4-A-3 0.00 10,155,000.00 1.00000000 0.00
4-A-4 0.00 500,000.00 1.00000000 0.00
5-A-1 253,460.28 35,127,539.72 0.99283626 253,460.28
CB-IO 0.00 0.00 0.00000000 0.00
CB-PO 11,438.71 1,826,538.29 0.99377647 11,438.71
X-IO 0.00 0.00 0.00000000 0.00
X-PO 5,929.22 1,753,908.78 0.99663081 5,929.22
B-1 8,868.19 7,248,131.81 0.99877798 8,868.19
B-2 3,878.69 3,170,121.31 0.99877798 3,878.69
B-3 3,325.11 2,717,674.89 0.99877798 3,325.11
B-4 1,939.34 1,585,060.66 0.99877798 1,939.34
B-5 1,661.95 1,358,338.05 0.99877798 1,661.95
B-6 1,386.05 1,132,843.95 0.99877798 1,386.05
Totals 2,899,706.51 450,534,438.49 0.99360501 2,899,706.51
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>
1-CB-1 112,639,000.00 1000.00000000 0.95216177 1.52877511 0.00000000
1-CB-2 41,632,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-3 31,895,000.00 1000.00000000 3.04146982 4.88333344 0.00000000
1-CB-4 8,873,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-6 9,663,000.00 1000.00000000 0.95216185 1.52877471 0.00000000
1-CB-7 1,645,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-R 100.00 1000.00000000 383.80000000 616.20000000 0.00000000
2-CB-1 49,738,000.00 1000.00000000 0.92664120 9.92272066 0.00000000
3-CB-1 29,869,000.00 1000.00000000 0.92733068 5.54316348 0.00000000
4-A-1 11,126,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
4-A-2 89,487,000.00 1000.00000000 1.24957189 13.48598836 0.00000000
4-A-3 10,155,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
4-A-4 500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5-A-1 35,381,000.00 1000.00000000 3.59362370 3.57011616 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-PO 1,837,977.00 1000.00000000 1.11785403 5.10567869 0.00000000
X-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 1,759,838.00 1000.00000000 2.85770054 0.51148458 0.00000000
B-1 7,257,000.00 1000.00000000 1.22201874 0.00000000 0.00000000
B-2 3,174,000.00 1000.00000000 1.22201953 0.00000000 0.00000000
B-3 2,721,000.00 1000.00000000 1.22201764 0.00000000 0.00000000
B-4 1,587,000.00 1000.00000000 1.22201638 0.00000000 0.00000000
B-5 1,360,000.00 1000.00000000 1.22202206 0.00000000 0.00000000
B-6 1,134,230.00 1000.00000000 1.22201846 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000.00 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00000000 2.48093689 997.51906311 0.99751906 2.48093689
1-CB-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-3 0.00000000 7.92480326 992.07519674 0.99207520 7.92480326
1-CB-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-6 0.00000000 2.48093656 997.51906344 0.99751906 2.48093656
1-CB-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-R 0.00000000 1000.00000000 0.00000000 0.00000000 1,000.00000000
2-CB-1 0.00000000 10.84936186 989.15063814 0.98915064 10.84936186
3-CB-1 0.00000000 6.47049382 993.52950618 0.99352951 6.47049382
4-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
4-A-2 0.00000000 14.73556036 985.26443964 0.98526444 14.73556036
4-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
4-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5-A-1 0.00000000 7.16373986 992.83626014 0.99283626 7.16373986
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-PO 0.00000000 6.22353272 993.77646728 0.99377647 6.22353272
X-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-PO 0.00000000 3.36918512 996.63081488 0.99663081 3.36918512
B-1 0.00000000 1.22201874 998.77798126 0.99877798 1.22201874
B-2 0.00000000 1.22201953 998.77798047 0.99877798 1.22201953
B-3 0.00000000 1.22201764 998.77798236 0.99877798 1.22201764
B-4 0.00000000 1.22201638 998.77798362 0.99877798 1.22201638
B-5 0.00000000 1.22202206 998.77797794 0.99877798 1.22202206
B-6 0.00000000 1.22201846 998.77798154 0.99877798 1.22201846
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 112,639,000.00 4.23000% 112,639,000.00 397,052.48 0.00 0.00
1-CB-2 41,632,000.00 5.50000% 41,632,000.00 190,813.33 0.00 0.00
1-CB-3 31,895,000.00 5.50000% 31,895,000.00 146,185.42 0.00 0.00
1-CB-4 8,873,000.00 5.50000% 8,873,000.00 40,667.92 0.00 0.00
1-CB-5 0.00 1.27000% 112,639,000.00 119,209.61 0.00 0.00
1-CB-6 9,663,000.00 5.50000% 9,663,000.00 44,288.75 0.00 0.00
1-CB-7 1,645,000.00 5.50000% 1,645,000.00 7,539.58 0.00 0.00
1-CB-R 100.00 5.50000% 100.00 0.46 0.00 0.00
2-CB-1 49,738,000.00 6.00000% 49,738,000.00 248,690.00 0.00 0.00
3-CB-1 29,869,000.00 6.00000% 29,869,000.00 149,345.00 0.00 0.00
4-A-1 11,126,000.00 5.50000% 11,126,000.00 50,994.17 0.00 0.00
4-A-2 89,487,000.00 5.50000% 89,487,000.00 410,148.75 0.00 0.00
4-A-3 10,155,000.00 5.50000% 10,155,000.00 46,543.75 0.00 0.00
4-A-4 500,000.00 5.50000% 500,000.00 2,291.67 0.00 0.00
5-A-1 35,381,000.00 5.50000% 35,381,000.00 162,162.92 0.00 0.00
CB-IO 0.00 5.50000% 7,866,029.14 36,052.63 0.00 0.00
CB-PO 1,837,977.00 0.00000% 1,837,977.00 0.00 0.00 0.00
X-IO 0.00 5.50000% 6,432,460.69 29,482.11 0.00 0.00
X-PO 1,759,838.00 0.00000% 1,759,838.00 0.00 0.00 0.00
B-1 7,257,000.00 5.59128% 7,257,000.00 33,813.28 0.00 0.00
B-2 3,174,000.00 5.59128% 3,174,000.00 14,788.94 0.00 0.00
B-3 2,721,000.00 5.59128% 2,721,000.00 12,678.23 0.00 0.00
B-4 1,587,000.00 5.59128% 1,587,000.00 7,394.47 0.00 0.00
B-5 1,360,000.00 5.59128% 1,360,000.00 6,336.79 0.00 0.00
B-6 1,134,230.00 5.59128% 1,134,230.00 5,284.83 0.00 0.00
Totals 453,434,145.00 2,161,765.09 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00 0.00 397,052.48 0.00 112,359,549.75
1-CB-2 0.00 0.00 190,813.33 0.00 41,632,000.00
1-CB-3 0.00 0.00 146,185.42 0.00 31,642,238.40
1-CB-4 0.00 0.00 40,667.92 0.00 8,873,000.00
1-CB-5 0.00 0.00 119,209.61 0.00 112,359,549.75
1-CB-6 0.00 0.00 44,288.75 0.00 9,639,026.71
1-CB-7 0.00 0.00 7,539.58 0.00 1,645,000.00
1-CB-R 0.00 0.00 5.86 0.00 0.00
2-CB-1 0.00 0.00 248,690.00 0.00 49,198,374.44
3-CB-1 0.00 0.00 149,345.00 0.00 29,675,732.82
4-A-1 0.00 0.00 50,994.17 0.00 11,126,000.00
4-A-2 0.00 0.00 410,148.75 0.00 88,168,358.91
4-A-3 0.00 0.00 46,543.75 0.00 10,155,000.00
4-A-4 0.00 0.00 2,291.67 0.00 500,000.00
5-A-1 0.00 0.00 162,162.92 0.00 35,127,539.72
CB-IO 0.00 0.00 36,052.63 0.00 7,815,640.36
CB-PO 0.00 0.00 0.00 0.00 1,826,538.29
X-IO 0.00 0.00 29,482.11 0.00 6,184,396.67
X-PO 0.00 0.00 0.00 0.00 1,753,908.78
B-1 0.00 0.00 33,813.28 0.00 7,248,131.81
B-2 0.00 0.00 14,788.94 0.00 3,170,121.31
B-3 0.00 0.00 12,678.23 0.00 2,717,674.89
B-4 0.00 0.00 7,394.47 0.00 1,585,060.66
B-5 0.00 0.00 6,336.79 0.00 1,358,338.05
B-6 0.00 0.00 5,284.83 0.00 1,132,843.95
Totals 0.00 0.00 2,161,770.49 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 112,639,000.00 4.23000% 1000.00000000 3.52500004 0.00000000 0.00000000
1-CB-2 41,632,000.00 5.50000% 1000.00000000 4.58333325 0.00000000 0.00000000
1-CB-3 31,895,000.00 5.50000% 1000.00000000 4.58333344 0.00000000 0.00000000
1-CB-4 8,873,000.00 5.50000% 1000.00000000 4.58333371 0.00000000 0.00000000
1-CB-5 0.00 1.27000% 1000.00000000 1.05833335 0.00000000 0.00000000
1-CB-6 9,663,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-CB-7 1,645,000.00 5.50000% 1000.00000000 4.58333131 0.00000000 0.00000000
1-CB-R 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
2-CB-1 49,738,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-CB-1 29,869,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
4-A-1 11,126,000.00 5.50000% 1000.00000000 4.58333363 0.00000000 0.00000000
4-A-2 89,487,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
4-A-3 10,155,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
4-A-4 500,000.00 5.50000% 1000.00000000 4.58334000 0.00000000 0.00000000
5-A-1 35,381,000.00 5.50000% 1000.00000000 4.58333343 0.00000000 0.00000000
CB-IO 0.00 5.50000% 998.96917583 4.57860827 0.00000000 0.00000000
CB-PO 1,837,977.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
X-IO 0.00 5.50000% 1000.00290558 4.58334642 0.00000000 0.00000000
X-PO 1,759,838.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 7,257,000.00 5.59128% 1000.00000000 4.65940196 0.00000000 0.00000000
B-2 3,174,000.00 5.59128% 1000.00000000 4.65940139 0.00000000 0.00000000
B-3 2,721,000.00 5.59128% 1000.00000000 4.65940096 0.00000000 0.00000000
B-4 1,587,000.00 5.59128% 1000.00000000 4.65940139 0.00000000 0.00000000
B-5 1,360,000.00 5.59128% 1000.00000000 4.65940441 0.00000000 0.00000000
B-6 1,134,230.00 5.59128% 1000.00000000 4.65939889 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000.00 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00000000 0.00000000 3.52500004 0.00000000 997.51906311
1-CB-2 0.00000000 0.00000000 4.58333325 0.00000000 1000.00000000
1-CB-3 0.00000000 0.00000000 4.58333344 0.00000000 992.07519674
1-CB-4 0.00000000 0.00000000 4.58333371 0.00000000 1000.00000000
1-CB-5 0.00000000 0.00000000 1.05833335 0.00000000 997.51906311
1-CB-6 0.00000000 0.00000000 4.58333333 0.00000000 997.51906344
1-CB-7 0.00000000 0.00000000 4.58333131 0.00000000 1000.00000000
1-CB-R 0.00000000 0.00000000 58.60000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 989.15063814
3-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 993.52950618
4-A-1 0.00000000 0.00000000 4.58333363 0.00000000 1000.00000000
4-A-2 0.00000000 0.00000000 4.58333333 0.00000000 985.26443964
4-A-3 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
4-A-4 0.00000000 0.00000000 4.58334000 0.00000000 1000.00000000
5-A-1 0.00000000 0.00000000 4.58333343 0.00000000 992.83626014
CB-IO 0.00000000 0.00000000 4.57860827 0.00000000 992.56990663
CB-PO 0.00000000 0.00000000 0.00000000 0.00000000 993.77646728
X-IO 0.00000000 0.00000000 4.58334642 0.00000000 961.43838841
X-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.63081488
B-1 0.00000000 0.00000000 4.65940196 0.00000000 998.77798126
B-2 0.00000000 0.00000000 4.65940139 0.00000000 998.77798047
B-3 0.00000000 0.00000000 4.65940096 0.00000000 998.77798236
B-4 0.00000000 0.00000000 4.65940139 0.00000000 998.77798362
B-5 0.00000000 0.00000000 4.65940441 0.00000000 998.77797794
B-6 0.00000000 0.00000000 4.65939889 0.00000000 998.77798154
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-CB-IO 5.50000% 5,326,414.75 5,311,451.61 0.00 0.00 99.71907202%
2-CB-IO 5.50000% 1,736,706.26 1,706,070.75 0.00 0.00 97.77901541%
3-CB-IO 5.50000% 802,908.13 798,118.00 0.00 0.00 99.40341857%
4-X-IO 5.50000% 5,907,799.09 5,664,146.76 0.00 0.00 95.87575271%
5-X-IO 5.50000% 524,661.60 520,249.92 0.00 0.00 99.16265346%
1-CB-PO 0.00000% 0.00 0.00 1,815,202.00 1,803,876.55 99.37607770%
2-CB-PO 0.00000% 0.00 0.00 11,252.00 11,149.78 99.09153928%
3-CB-PO 0.00000% 0.00 0.00 11,523.00 11,511.96 99.90419162%
4-X-PO 0.00000% 0.00 0.00 570,507.00 569,802.49 99.87651159%
5-X-PO 0.00000% 0.00 0.00 1,189,331.00 1,184,106.29 99.56070177%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,157,642.82
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 5,157,642.82
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 96,165.82
Payment of Interest and Principal 5,061,477.00
Total Withdrawals (Pool Distribution Amount) 5,157,642.82
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 94,465.44
Wells Fargo Bank, N.A 1,700.38
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 96,165.82
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 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
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 0.000000% 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%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 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 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>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 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 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>
5 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 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 3 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 4 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 5 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.
Group 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 4 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 5 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.975561%
Weighted Average Net Coupon 5.725561%
Weighted Average Pass-Through Rate 5.721061%
Weighted Average Maturity(Stepdown Calculation) 358
Beginning Scheduled Collateral Loan Count 2,566
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 2,559
Beginning Scheduled Collateral Balance 453,434,145.00
Ending Scheduled Collateral Balance 450,534,439.64
Ending Actual Collateral Balance at 30-Sep-2005 450,937,374.03
Monthly P&I Constant 2,812,330.71
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 554,394.53
Unscheduled Principal 2,345,311.98
Miscellaneous Reporting
Senior % 96.169019%
Subordinate % 3.830981%
Miscellaneous Reporting
Group 1
CPR 1.937125%
Subordinate % 3.832513%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.167487%
Group 2
CPR 10.881130%
Subordinate % 3.801911%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.198089%
Group 3
CPR 6.217900%
Subordinate % 3.801758%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.198242%
Miscellaneous Reporting
Group 4
CPR 11.781521%
Subordinate % 3.818928%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.181072%
Group 5
CPR 3.954193%
Subordinate % 3.925365%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.074635%
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>
Group 1 1 200,000.00 199,781.09 0 0.00 0.00
Group 2 4 491,000.00 490,656.82 0 0.00 0.00
Group 3 1 160,000.00 160,000.00 0 0.00 0.00
Group 4 0 0.00 0.00 0 0.00 0.00
Group 5 1 101,970.00 101,615.62 0 0.00 0.00
Total 7 952,970.00 952,053.53 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>
Group 1 0 0.00 0.00 0 0.00 0.00 152,519.40
Group 2 0 0.00 0.00 0 0.00 0.00 3,439.74
Group 3 0 0.00 0.00 0 0.00 0.00 5,717.01
Group 4 0 0.00 0.00 0 0.00 0.00 1,206,896.12
Group 5 0 0.00 0.00 0 0.00 0.00 25,879.43
Total 0 0.00 0.00 0 0.00 0.00 1,394,451.70
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>
Group 1 6137017171 CA 51.94 01-Sep-2005 200,000.00 199,561.17
Group 2 3302732148 TX 90.00 01-Sep-2005 120,600.00 120,348.94
Group 2 6213741876 FL 80.00 01-Sep-2005 200,000.00 199,654.63
Group 2 6338213090 FL 80.00 01-Sep-2005 75,000.00 74,870.49
Group 2 6648867841 SC 90.00 01-Oct-2005 95,400.00 95,313.75
Group 3 6200674858 WI 80.00 01-Oct-2005 160,000.00 159,851.80
Group 5 6925295856 PA 90.00 01-Sep-2005 101,970.00 101,259.50
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>
Group 1 6137017171 Loan Paid in Full (2) 5.500% 360 1
Group 2 3302732148 Loan Paid in Full (1) 6.250% 360 1
Group 2 6213741876 Loan Paid in Full (1) 6.750% 360 1
Group 2 6338213090 Loan Paid in Full (1) 6.750% 360 1
Group 2 6648867841 Loan Paid in Full (2) 6.500% 360 0
Group 3 6200674858 Loan Paid in Full (2) 6.375% 360 0
Group 5 6925295856 Loan Paid in Full (1) 5.875% 180 1
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.518% Current Month 6.040% Current Month 4,337.963%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 6.040% N/A Oct-2005 4,337.963% 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.
Group 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.163% Current Month 1.937% Current Month 1,547.146%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 1.937% N/A Oct-2005 1,547.146% 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.
Group 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.955% Current Month 10.881% Current Month 9,031.608%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 10.881% N/A Oct-2005 9,031.608% 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.
Group 3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.534% Current Month 6.218% Current Month 5,142.085%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 6.218% N/A Oct-2005 5,142.085% 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.
Group 4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.039% Current Month 11.782% Current Month 6,496.418%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 11.782% N/A Oct-2005 6,496.418% 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.
Group 5
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.336% Current Month 3.954% Current Month 3,001.866%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 3.954% N/A Oct-2005 3,001.866% 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>
Group 1 0 0.00 0.00 0.000%
Group 2 0 0.00 0.00 0.000%
Group 3 0 0.00 0.00 0.000%
Group 4 0 0.00 0.00 0.000%
Group 5 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A 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.
Group 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A 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.
Group 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A 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.
Group 3
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A 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.
Group 4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A 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.
Group 5
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A 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>