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 2005-9 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-35
Pooling and Servicing Agreement) (Commission 54-2184231
(State or other File Number) 54-2184232
jurisdiction 54-2184233
of Incorporation) 54-6675917
IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-9
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 MORTGAGE SECURITIES, INC.
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: 10/27/2005
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 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 2005-9
Contact: CTSLink Customer Service
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
@ www.ctslink.com/cmbs
Telephone: (301) 815-6600
Fax: (301) 815-6600
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 05949CJF4 SEN 5.50000% 56,619,000.00 259,503.75
1A2 05949CJG2 SEN 4.37000% 30,000,000.00 109,250.00
1A3 05949CJH0 SEN 1.13000% 0.00 28,250.00
1A4 05949CJJ6 SEN 5.50000% 27,402,000.00 125,592.50
1A5 05949CJK3 SEN 5.50000% 144,691,000.00 663,167.08
1A6 05949CJL1 SEN 5.50000% 1,782,000.00 8,167.50
1A7 05949CJM9 SEN 5.50000% 18,116,000.00 83,031.67
1A8 05949CJN7 SEN 5.50000% 2,980,000.00 13,658.33
1A9 05949CJP2 SEN 5.50000% 5,951,000.00 27,275.42
1A10 05949CJQ0 SEN 5.12500% 10,000,000.00 42,708.33
1A11 05949CJR8 SEN 5.50000% 0.00 3,125.00
1A12 05949CJS6 SEN 5.50000% 452,000.00 2,071.67
1AR 05949CJT4 SEN 5.50000% 100.00 0.97
2A1 05949CJW7 SEN 4.75000% 35,943,000.00 142,274.38
3A1 05949CJX5 SEN 5.00000% 30,000,000.00 125,000.00
3A2 05949CKH8 SEN 5.00000% 1,169,000.00 4,870.83
3A3 05949CKJ4 SEN 5.00000% 38,844,000.00 161,850.00
4A1 05949CJY3 SEN 5.25000% 30,000,000.00 131,250.00
4A2 05949CKK1 SEN 5.25000% 1,169,000.00 5,114.38
4A3 05949CKL9 SEN 5.25000% 64,899,000.00 283,933.13
30IO 05949CJU1 SEN 5.50000% 0.00 19,583.54
30PO 05949CJV9 SEN 0.00000% 3,207,636.00 0.00
15IO 05949CJZ0 SEN 5.00000% 0.00 5,866.87
15PO 05949CKA3 SEN 0.00000% 1,261,803.00 0.00
B1 05949CKB1 SUB 5.32879% 5,937,000.00 26,364.17
B2 05949CKC9 SUB 5.32879% 2,064,000.00 9,165.51
B3 05949CKD7 SUB 5.32879% 1,290,000.00 5,728.44
B4 05949CKE5 SUB 5.32879% 1,032,000.00 4,582.76
B5 05949CKF2 SUB 5.32879% 775,000.00 3,441.51
B6 05949CKG0 SUB 5.32879% 516,127.00 2,291.94
Totals 516,100,666.00 2,297,119.68
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 0.00 56,619,000.00 259,503.75 0.00
1A2 2,000.00 0.00 29,998,000.00 111,250.00 0.00
1A3 0.00 0.00 0.00 28,250.00 0.00
1A4 177,876.01 0.00 27,224,123.99 303,468.51 0.00
1A5 939,154.10 0.00 143,751,845.90 1,602,321.18 0.00
1A6 0.00 0.00 1,782,000.00 8,167.50 0.00
1A7 0.00 0.00 18,116,000.00 83,031.67 0.00
1A8 0.00 0.00 2,980,000.00 13,658.33 0.00
1A9 0.00 0.00 5,951,000.00 27,275.42 0.00
1A10 0.00 0.00 10,000,000.00 42,708.33 0.00
1A11 0.00 0.00 0.00 3,125.00 0.00
1A12 0.00 0.00 452,000.00 2,071.67 0.00
1AR 100.00 0.00 0.00 100.97 0.00
2A1 338,812.96 0.00 35,604,187.04 481,087.34 0.00
3A1 357,007.68 0.00 29,642,992.32 482,007.68 0.00
3A2 13,911.40 0.00 1,155,088.60 18,782.23 0.00
3A3 462,253.55 0.00 38,381,746.45 624,103.55 0.00
4A1 507,147.84 0.00 29,492,852.16 638,397.84 0.00
4A2 19,761.86 0.00 1,149,238.14 24,876.24 0.00
4A3 1,097,112.93 0.00 63,801,887.07 1,381,046.06 0.00
30IO 0.00 0.00 0.00 19,583.54 0.00
30PO 3,865.49 0.00 3,203,770.51 3,865.49 0.00
15IO 0.00 0.00 0.00 5,866.87 0.00
15PO 24,350.97 0.00 1,237,452.03 24,350.97 0.00
B1 12,718.27 0.00 5,924,281.73 39,082.44 0.00
B2 4,421.51 0.00 2,059,578.49 13,587.02 0.00
B3 2,763.44 0.00 1,287,236.56 8,491.88 0.00
B4 2,210.76 0.00 1,029,789.24 6,793.52 0.00
B5 1,660.21 0.00 773,339.79 5,101.72 0.00
B6 1,105.65 0.00 515,021.35 3,397.59 0.00
Totals 3,968,234.63 0.00 512,132,431.37 6,265,354.31 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 56,619,000.00 56,619,000.00 0.00 0.00 0.00 0.00
1A2 30,000,000.00 30,000,000.00 577.40 1,422.60 0.00 0.00
1A3 0.00 0.00 0.00 0.00 0.00 0.00
1A4 27,402,000.00 27,402,000.00 51,352.83 126,523.18 0.00 0.00
1A5 144,691,000.00 144,691,000.00 271,133.93 668,020.18 0.00 0.00
1A6 1,782,000.00 1,782,000.00 0.00 0.00 0.00 0.00
1A7 18,116,000.00 18,116,000.00 0.00 0.00 0.00 0.00
1A8 2,980,000.00 2,980,000.00 0.00 0.00 0.00 0.00
1A9 5,951,000.00 5,951,000.00 0.00 0.00 0.00 0.00
1A10 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
1A11 0.00 0.00 0.00 0.00 0.00 0.00
1A12 452,000.00 452,000.00 0.00 0.00 0.00 0.00
1AR 100.00 100.00 28.87 71.13 0.00 0.00
2A1 35,943,000.00 35,943,000.00 134,661.56 204,151.40 0.00 0.00
3A1 30,000,000.00 30,000,000.00 112,254.11 244,753.57 0.00 0.00
3A2 1,169,000.00 1,169,000.00 4,374.17 9,537.23 0.00 0.00
3A3 38,844,000.00 38,844,000.00 145,346.62 316,906.92 0.00 0.00
4A1 30,000,000.00 30,000,000.00 110,167.24 396,980.60 0.00 0.00
4A2 1,169,000.00 1,169,000.00 4,292.85 15,469.01 0.00 0.00
4A3 64,899,000.00 64,899,000.00 238,324.79 858,788.14 0.00 0.00
30IO 0.00 0.00 0.00 0.00 0.00 0.00
30PO 3,207,636.00 3,207,636.00 3,797.79 67.71 0.00 0.00
15IO 0.00 0.00 0.00 0.00 0.00 0.00
15PO 1,261,803.00 1,261,803.00 4,722.31 19,628.66 0.00 0.00
B1 5,937,000.00 5,937,000.00 12,718.27 0.00 0.00 0.00
B2 2,064,000.00 2,064,000.00 4,421.51 0.00 0.00 0.00
B3 1,290,000.00 1,290,000.00 2,763.44 0.00 0.00 0.00
B4 1,032,000.00 1,032,000.00 2,210.76 0.00 0.00 0.00
B5 775,000.00 775,000.00 1,660.21 0.00 0.00 0.00
B6 516,127.00 516,127.00 1,105.65 0.00 0.00 0.00
Totals 516,100,666.00 516,100,666.00 1,105,914.31 2,862,320.33 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 0.00 56,619,000.00 1.00000000 0.00
1A2 2,000.00 29,998,000.00 0.99993333 2,000.00
1A3 0.00 0.00 0.00000000 0.00
1A4 177,876.01 27,224,123.99 0.99350865 177,876.01
1A5 939,154.10 143,751,845.90 0.99350924 939,154.10
1A6 0.00 1,782,000.00 1.00000000 0.00
1A7 0.00 18,116,000.00 1.00000000 0.00
1A8 0.00 2,980,000.00 1.00000000 0.00
1A9 0.00 5,951,000.00 1.00000000 0.00
1A10 0.00 10,000,000.00 1.00000000 0.00
1A11 0.00 0.00 0.00000000 0.00
1A12 0.00 452,000.00 1.00000000 0.00
1AR 100.00 0.00 0.00000000 100.00
2A1 338,812.96 35,604,187.04 0.99057360 338,812.96
3A1 357,007.68 29,642,992.32 0.98809974 357,007.68
3A2 13,911.40 1,155,088.60 0.98809974 13,911.40
3A3 462,253.55 38,381,746.45 0.98809974 462,253.55
4A1 507,147.84 29,492,852.16 0.98309507 507,147.84
4A2 19,761.86 1,149,238.14 0.98309507 19,761.86
4A3 1,097,112.93 63,801,887.07 0.98309507 1,097,112.93
30IO 0.00 0.00 0.00000000 0.00
30PO 3,865.49 3,203,770.51 0.99879491 3,865.49
15IO 0.00 0.00 0.00000000 0.00
15PO 24,350.97 1,237,452.03 0.98070145 24,350.97
B1 12,718.27 5,924,281.73 0.99785780 12,718.27
B2 4,421.51 2,059,578.49 0.99785780 4,421.51
B3 2,763.44 1,287,236.56 0.99785780 2,763.44
B4 2,210.76 1,029,789.24 0.99785779 2,210.76
B5 1,660.21 773,339.79 0.99785779 1,660.21
B6 1,105.65 515,021.35 0.99785779 1,105.65
Totals 3,968,234.63 512,132,431.37 0.99231112 3,968,234.63
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 56,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A2 30,000,000.00 1000.00000000 0.01924667 0.04742000 0.00000000
1A3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1A4 27,402,000.00 1000.00000000 1.87405408 4.61729728 0.00000000
1A5 144,691,000.00 1000.00000000 1.87388248 4.61687444 0.00000000
1A6 1,782,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A7 18,116,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A8 2,980,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A9 5,951,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A10 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1A11 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1A12 452,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1AR 100.00 1000.00000000 288.70000000 711.30000000 0.00000000
2A1 35,943,000.00 1000.00000000 3.74653090 5.67986534 0.00000000
3A1 30,000,000.00 1000.00000000 3.74180367 8.15845233 0.00000000
3A2 1,169,000.00 1000.00000000 3.74180496 8.15845167 0.00000000
3A3 38,844,000.00 1000.00000000 3.74180362 8.15845227 0.00000000
4A1 30,000,000.00 1000.00000000 3.67224133 13.23268667 0.00000000
4A2 1,169,000.00 1000.00000000 3.67224123 13.23268606 0.00000000
4A3 64,899,000.00 1000.00000000 3.67224133 13.23268679 0.00000000
30IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
30PO 3,207,636.00 1000.00000000 1.18398409 0.02110900 0.00000000
15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15PO 1,261,803.00 1000.00000000 3.74250973 15.55604163 0.00000000
B1 5,937,000.00 1000.00000000 2.14220482 0.00000000 0.00000000
B2 2,064,000.00 1000.00000000 2.14220446 0.00000000 0.00000000
B3 1,290,000.00 1000.00000000 2.14220155 0.00000000 0.00000000
B4 1,032,000.00 1000.00000000 2.14220930 0.00000000 0.00000000
B5 775,000.00 1000.00000000 2.14220645 0.00000000 0.00000000
B6 516,127.00 1000.00000000 2.14220531 0.00000000 0.00000000
<FN>
(2) All classes are per 1,000 dollar denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A2 0.00000000 0.06666667 999.93333333 0.99993333 0.06666667
1A3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1A4 0.00000000 6.49135136 993.50864864 0.99350865 6.49135136
1A5 0.00000000 6.49075685 993.50924315 0.99350924 6.49075685
1A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1A11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1AR 0.00000000 1000.00000000 0.00000000 0.00000000 1,000.00000000
2A1 0.00000000 9.42639624 990.57360376 0.99057360 9.42639624
3A1 0.00000000 11.90025600 988.09974400 0.98809974 11.90025600
3A2 0.00000000 11.90025663 988.09974337 0.98809974 11.90025663
3A3 0.00000000 11.90025615 988.09974385 0.98809974 11.90025615
4A1 0.00000000 16.90492800 983.09507200 0.98309507 16.90492800
4A2 0.00000000 16.90492729 983.09507271 0.98309507 16.90492729
4A3 0.00000000 16.90492812 983.09507188 0.98309507 16.90492812
30IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
30PO 0.00000000 1.20508998 998.79491002 0.99879491 1.20508998
15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15PO 0.00000000 19.29855136 980.70144864 0.98070145 19.29855136
B1 0.00000000 2.14220482 997.85779518 0.99785780 2.14220482
B2 0.00000000 2.14220446 997.85779554 0.99785780 2.14220446
B3 0.00000000 2.14220155 997.85779845 0.99785780 2.14220155
B4 0.00000000 2.14220930 997.85779070 0.99785779 2.14220930
B5 0.00000000 2.14220645 997.85779355 0.99785779 2.14220645
B6 0.00000000 2.14220531 997.85779469 0.99785779 2.14220531
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 56,619,000.00 5.50000% 56,619,000.00 259,503.75 0.00 0.00
1A2 30,000,000.00 4.37000% 30,000,000.00 109,250.00 0.00 0.00
1A3 0.00 1.13000% 30,000,000.00 28,250.00 0.00 0.00
1A4 27,402,000.00 5.50000% 27,402,000.00 125,592.50 0.00 0.00
1A5 144,691,000.00 5.50000% 144,691,000.00 663,167.08 0.00 0.00
1A6 1,782,000.00 5.50000% 1,782,000.00 8,167.50 0.00 0.00
1A7 18,116,000.00 5.50000% 18,116,000.00 83,031.67 0.00 0.00
1A8 2,980,000.00 5.50000% 2,980,000.00 13,658.33 0.00 0.00
1A9 5,951,000.00 5.50000% 5,951,000.00 27,275.42 0.00 0.00
1A10 10,000,000.00 5.12500% 10,000,000.00 42,708.33 0.00 0.00
1A11 0.00 5.50000% 681,818.00 3,125.00 0.00 0.00
1A12 452,000.00 5.50000% 452,000.00 2,071.67 0.00 0.00
1AR 100.00 5.50000% 100.00 0.46 0.00 0.00
2A1 35,943,000.00 4.75000% 35,943,000.00 142,274.38 0.00 0.00
3A1 30,000,000.00 5.00000% 30,000,000.00 125,000.00 0.00 0.00
3A2 1,169,000.00 5.00000% 1,169,000.00 4,870.83 0.00 0.00
3A3 38,844,000.00 5.00000% 38,844,000.00 161,850.00 0.00 0.00
4A1 30,000,000.00 5.25000% 30,000,000.00 131,250.00 0.00 0.00
4A2 1,169,000.00 5.25000% 1,169,000.00 5,114.38 0.00 0.00
4A3 64,899,000.00 5.25000% 64,899,000.00 283,933.13 0.00 0.00
30IO 0.00 5.50000% 4,272,772.30 19,583.54 0.00 0.00
30PO 3,207,636.00 0.00000% 3,207,636.00 0.00 0.00 0.00
15IO 0.00 5.00000% 1,408,049.30 5,866.87 0.00 0.00
15PO 1,261,803.00 0.00000% 1,261,803.00 0.00 0.00 0.00
B1 5,937,000.00 5.32879% 5,937,000.00 26,364.17 0.00 0.00
B2 2,064,000.00 5.32879% 2,064,000.00 9,165.51 0.00 0.00
B3 1,290,000.00 5.32879% 1,290,000.00 5,728.44 0.00 0.00
B4 1,032,000.00 5.32879% 1,032,000.00 4,582.76 0.00 0.00
B5 775,000.00 5.32879% 775,000.00 3,441.51 0.00 0.00
B6 516,127.00 5.32879% 516,127.00 2,291.94 0.00 0.00
Totals 516,100,666.00 2,297,119.17 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 259,503.75 0.00 56,619,000.00
1A2 0.00 0.00 109,250.00 0.00 29,998,000.00
1A3 0.00 0.00 28,250.00 0.00 29,998,000.00
1A4 0.00 0.00 125,592.50 0.00 27,224,123.99
1A5 0.00 0.00 663,167.08 0.00 143,751,845.90
1A6 0.00 0.00 8,167.50 0.00 1,782,000.00
1A7 0.00 0.00 83,031.67 0.00 18,116,000.00
1A8 0.00 0.00 13,658.33 0.00 2,980,000.00
1A9 0.00 0.00 27,275.42 0.00 5,951,000.00
1A10 0.00 0.00 42,708.33 0.00 10,000,000.00
1A11 0.00 0.00 3,125.00 0.00 681,818.18
1A12 0.00 0.00 2,071.67 0.00 452,000.00
1AR 0.00 0.00 0.97 0.00 0.00
2A1 0.00 0.00 142,274.38 0.00 35,604,187.04
3A1 0.00 0.00 125,000.00 0.00 29,642,992.32
3A2 0.00 0.00 4,870.83 0.00 1,155,088.60
3A3 0.00 0.00 161,850.00 0.00 38,381,746.45
4A1 0.00 0.00 131,250.00 0.00 29,492,852.16
4A2 0.00 0.00 5,114.38 0.00 1,149,238.14
4A3 0.00 0.00 283,933.13 0.00 63,801,887.07
30IO 0.00 0.00 19,583.54 0.00 4,244,080.84
30PO 0.00 0.00 0.00 0.00 3,203,770.51
15IO 0.00 0.00 5,866.87 0.00 1,396,770.80
15PO 0.00 0.00 0.00 0.00 1,237,452.03
B1 0.00 0.00 26,364.17 0.00 5,924,281.73
B2 0.00 0.00 9,165.51 0.00 2,059,578.49
B3 0.00 0.00 5,728.44 0.00 1,287,236.56
B4 0.00 0.00 4,582.76 0.00 1,029,789.24
B5 0.00 0.00 3,441.51 0.00 773,339.79
B6 0.00 0.00 2,291.94 0.00 515,021.35
Totals 0.00 0.00 2,297,119.68 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 56,619,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1A2 30,000,000.00 4.37000% 1000.00000000 3.64166667 0.00000000 0.00000000
1A3 0.00 1.13000% 1000.00000000 0.94166667 0.00000000 0.00000000
1A4 27,402,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1A5 144,691,000.00 5.50000% 1000.00000000 4.58333331 0.00000000 0.00000000
1A6 1,782,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1A7 18,116,000.00 5.50000% 1000.00000000 4.58333352 0.00000000 0.00000000
1A8 2,980,000.00 5.50000% 1000.00000000 4.58333221 0.00000000 0.00000000
1A9 5,951,000.00 5.50000% 1000.00000000 4.58333389 0.00000000 0.00000000
1A10 10,000,000.00 5.12500% 1000.00000000 4.27083300 0.00000000 0.00000000
1A11 0.00 5.50000% 1000.00000000 4.58333456 0.00000000 0.00000000
1A12 452,000.00 5.50000% 1000.00000000 4.58334071 0.00000000 0.00000000
1AR 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
2A1 35,943,000.00 4.75000% 1000.00000000 3.95833347 0.00000000 0.00000000
3A1 30,000,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
3A2 1,169,000.00 5.00000% 1000.00000000 4.16666382 0.00000000 0.00000000
3A3 38,844,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
4A1 30,000,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000
4A2 1,169,000.00 5.25000% 1000.00000000 4.37500428 0.00000000 0.00000000
4A3 64,899,000.00 5.25000% 1000.00000000 4.37500008 0.00000000 0.00000000
30IO 0.00 5.50000% 1000.00007021 4.58333372 0.00000000 0.00000000
30PO 3,207,636.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15IO 0.00 5.00000% 1000.00021306 4.16666607 0.00000000 0.00000000
15PO 1,261,803.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
B1 5,937,000.00 5.32879% 1000.00000000 4.44065521 0.00000000 0.00000000
B2 2,064,000.00 5.32879% 1000.00000000 4.44065407 0.00000000 0.00000000
B3 1,290,000.00 5.32879% 1000.00000000 4.44065116 0.00000000 0.00000000
B4 1,032,000.00 5.32879% 1000.00000000 4.44065891 0.00000000 0.00000000
B5 775,000.00 5.32879% 1000.00000000 4.44065806 0.00000000 0.00000000
B6 516,127.00 5.32879% 1000.00000000 4.44065124 0.00000000 0.00000000
<FN>
(5) All classes are per 1,000 dollar denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1A2 0.00000000 0.00000000 3.64166667 0.00000000 999.93333333
1A3 0.00000000 0.00000000 0.94166667 0.00000000 999.93333333
1A4 0.00000000 0.00000000 4.58333333 0.00000000 993.50864864
1A5 0.00000000 0.00000000 4.58333331 0.00000000 993.50924315
1A6 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1A7 0.00000000 0.00000000 4.58333352 0.00000000 1000.00000000
1A8 0.00000000 0.00000000 4.58333221 0.00000000 1000.00000000
1A9 0.00000000 0.00000000 4.58333389 0.00000000 1000.00000000
1A10 0.00000000 0.00000000 4.27083300 0.00000000 1000.00000000
1A11 0.00000000 0.00000000 4.58333456 0.00000000 1000.00026400
1A12 0.00000000 0.00000000 4.58334071 0.00000000 1000.00000000
1AR 0.00000000 0.00000000 9.70000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.95833347 0.00000000 990.57360376
3A1 0.00000000 0.00000000 4.16666667 0.00000000 988.09974400
3A2 0.00000000 0.00000000 4.16666382 0.00000000 988.09974337
3A3 0.00000000 0.00000000 4.16666667 0.00000000 988.09974385
4A1 0.00000000 0.00000000 4.37500000 0.00000000 983.09507200
4A2 0.00000000 0.00000000 4.37500428 0.00000000 983.09507271
4A3 0.00000000 0.00000000 4.37500008 0.00000000 983.09507188
30IO 0.00000000 0.00000000 4.58333372 0.00000000 993.28511795
30PO 0.00000000 0.00000000 0.00000000 0.00000000 998.79491002
15IO 0.00000000 0.00000000 4.16666607 0.00000000 991.99019352
15PO 0.00000000 0.00000000 0.00000000 0.00000000 980.70144864
B1 0.00000000 0.00000000 4.44065521 0.00000000 997.85779518
B2 0.00000000 0.00000000 4.44065407 0.00000000 997.85779554
B3 0.00000000 0.00000000 4.44065116 0.00000000 997.85779845
B4 0.00000000 0.00000000 4.44065891 0.00000000 997.85779070
B5 0.00000000 0.00000000 4.44065806 0.00000000 997.85779355
B6 0.00000000 0.00000000 4.44065124 0.00000000 997.85779469
<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>
2-15-PO 0.00000% 0.00 0.00 104,531.00 104,129.93 99.61631478%
3-15-PO 0.00000% 0.00 0.00 50,173.00 49,585.14 98.82833396%
4-15-PO 0.00000% 0.00 0.00 1,107,099.00 1,083,736.96 97.88979667%
2-15-IO 5.00000% 636,080.81 628,794.26 0.00 0.00 98.85443206%
4-15-IO 5.00000% 771,968.49 767,976.55 0.00 0.00 99.48295137%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,374,380.58
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 6,374,380.58
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 109,026.27
Payment of Interest and Principal 6,265,354.31
Total Withdrawals (Pool Distribution Amount) 6,374,380.58
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 107,520.98
Trustee Fee - Wells Fargo Bank, N.A. 1,505.29
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 109,026.27
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>
Loan Group 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>
Loan Group 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>
Loan Group 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>
Loan Group 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%
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.
Loan 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.
Loan 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.
Loan 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.
Loan 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.
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.
Loan 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.
Loan 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.
Loan 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.
Loan 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.
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 5.594596%
Weighted Average Pass-Through Rate 5.341096%
Weighted Average Maturity(Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 984
Number Of Loans Paid In Full 4
Ending Scheduled Collateral Loan Count 980
Beginning Scheduled Collateral Balance 516,100,666.00
Ending Scheduled Collateral Balance 512,132,432.30
Ending Actual Collateral Balance at 30-Sep-2005 512,892,515.34
Monthly P&I Constant 3,512,060.10
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 6,136,332.21
Class AP Deferred Amount 0.00
Scheduled Principal 1,105,914.30
Unscheduled Principal 2,862,320.33
Miscellaneous Reporting
Senior % 97.729981%
Subordinate % 2.270019%
Group Level Collateral Statement
Group Loan Group 1 Loan Group 2 Loan Group 3
Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed
Weighted Average Coupon Rate 5.772513 5.076277 5.250002
Weighted Average Net Rate 5.522513 4.826278 5.000003
Weighted Average Maturity 355 179 178
Beginning Loan Count 607 65 124
Loans Paid In Full 2 0 0
Ending Loan Count 605 65 124
Beginning Scheduled Balance 308,134,210.06 36,877,792.48 71,676,025.35
Ending Scheduled Balance 307,003,696.98 36,535,467.85 70,836,229.89
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 1,816,665.56 294,173.39 581,780.35
Scheduled Principal 334,408.29 138,171.80 268,197.62
Unscheduled Principal 796,104.79 204,152.83 571,597.84
Scheduled Interest 1,482,257.27 156,001.59 313,582.73
Servicing Fees 64,194.63 7,682.87 14,932.51
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 898.72 107.56 209.06
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,417,163.92 148,211.16 298,441.16
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.519013 4.822778 4.996504
Group Level Collateral Statement
Group Loan Group 4 Total
Collateral Description Mixed Fixed Mixed Fixed
Weighted Average Coupon Rate 5.483861 5.594596
Weighted Average Net Rate 5.233860 5.344597
Weighted Average Maturity 178 1
Beginning Loan Count 188 984
Loans Paid In Full 2 4
Ending Loan Count 186 980
Beginning Scheduled Balance 99,412,639.04 516,100,666.93
Ending scheduled Balance 97,757,037.58 512,132,432.30
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 819,440.80 3,512,060.10
Scheduled Principal 365,136.59 1,105,914.30
Unscheduled Principal 1,290,464.87 2,862,320.33
Scheduled Interest 454,304.21 2,406,145.80
Servicing Fees 20,710.97 107,520.98
Master Servicing Fees 0.00 0.00
Trustee Fee 289.95 1,505.29
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 433,303.29 2,297,119.53
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.230359 5.341096
Miscellaneous Reporting
Group Loan Group 1
CPR 3.059951%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.726182%
Group Loan Group 2
CPR 6.468035%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.742214%
Group Loan Group 3
CPR 9.193821%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.748226%
Miscellaneous Reporting
Group Loan Group 4
CPR 14.561416%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.723893%
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>
Loan Group 1 2 720,000.00 719,632.96 0 0.00 0.00
Loan Group 2 0 0.00 0.00 0 0.00 0.00
Loan Group 3 0 0.00 0.00 0 0.00 0.00
Loan Group 4 2 1,186,000.00 1,184,435.84 0 0.00 0.00
Total 4 1,906,000.00 1,904,068.80 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>
Loan Group 1 0 0.00 0.00 0 0.00 0.00 77,199.06
Loan Group 2 0 0.00 0.00 0 0.00 0.00 204,152.83
Loan Group 3 0 0.00 0.00 0 0.00 0.00 571,597.84
Loan Group 4 0 0.00 0.00 0 0.00 0.00 110,319.48
Total 0 0.00 0.00 0 0.00 0.00 963,269.21
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>
Loan Group 1 3302637461 TN 80.00 01-Sep-2005 360,000.00 359,264.12
Loan Group 1 3302884717 CA 45.00 01-Oct-2005 360,000.00 359,641.61
Loan Group 4 6173955177 CA 40.56 01-Oct-2005 750,000.00 747,280.88
Loan Group 4 6908021253 VT 80.00 01-Sep-2005 436,000.00 432,864.51
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>
Loan Group 1 3302637461 Loan Paid in Full (1) 5.875% 360 1
Loan Group 1 3302884717 Loan Paid in Full (2) 6.000% 360 0
Loan Group 4 6173955177 Loan Paid in Full (2) 5.375% 180 0
Loan Group 4 6908021253 Loan Paid in Full (1) 5.500% 180 1
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.556% Current Month 6.469% Current Month 5,159.008%
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 6.469% N/A Oct-2005 5,159.008% 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.
Loan Group 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.259% Current Month 3.060% Current Month 3,310.444%
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 3.060% N/A Oct-2005 3,310.444% 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.
Loan Group 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.556% Current Month 6.468% Current Month 3,425.197%
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 6.468% N/A Oct-2005 3,425.197% 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.
Loan Group 3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.800% Current Month 9.194% Current Month 5,523.625%
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 9.194% N/A Oct-2005 5,523.625% 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.
Loan Group 4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.303% Current Month 14.561% Current Month 8,297.998%
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 14.561% N/A Oct-2005 8,297.998% 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>
Loan Group 1 0 0.00 0.00 0.000%
Loan Group 2 0 0.00 0.00 0.000%
Loan Group 3 0 0.00 0.00 0.000%
Loan Group 4 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 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.
Loan 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.
Loan 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.
Loan 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.
Loan 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.
<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>