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-H Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-31
Pooling and Servicing Agreement) (Commission 54-2182228
(State or other File Number) 54-2182229
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-H
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-H 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-H Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-H 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 BOAMS 2005-H
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 05949CFT8 SEN 4.98735% 60,458,239.28 251,271.97
1A2 05949CFU5 SEN 4.98735% 3,479,113.99 14,459.63
1AR 05949CFV3 SEN 4.96575% 0.00 0.00
2A1 05949CFW1 SEN 4.82772% 193,048,304.53 776,653.13
2A2 05949CFX9 SEN 4.82772% 22,600,511.51 90,924.18
2A3 05949CFY7 SEN 4.82772% 126,018,395.53 506,984.93
2A4 05949CFZ4 SEN 4.82772% 31,193,000.00 125,492.64
2A5 05949CGA8 SEN 4.82772% 42,554,000.00 171,199.11
3A1 05949CGB6 SEN 5.08358% 112,678,848.16 477,342.97
3A2 05949CGC4 SEN 5.08358% 6,483,554.68 27,466.37
4A1 05949CGD2 SEN 5.18008% 24,762,323.65 106,892.39
4A2 05949CGE0 SEN 5.18008% 49,924,806.44 215,512.17
4A3 05949CGF7 SEN 5.18008% 2,873,420.04 12,403.79
B1 05949CGG5 SUB 4.92811% 13,776,666.89 56,577.47
B2 05949CGH3 SUB 4.92811% 4,592,222.30 18,859.16
B3 05949CGJ9 SUB 4.92811% 2,473,042.66 10,156.19
B4 05949CGK6 SUB 4.92811% 1,412,453.22 5,800.61
B5 05949CGL4 SUB 4.92811% 1,060,589.43 4,355.59
B6 05949CGM2 SUB 4.92811% 1,413,189.94 5,803.63
Totals 700,802,682.25 2,878,155.93
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 2,636,570.25 0.00 57,821,669.03 2,887,842.22 0.00
1A2 151,723.38 0.00 3,327,390.61 166,183.01 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 1,221,788.46 0.00 191,826,516.06 1,998,441.59 0.00
2A2 143,036.97 0.00 22,457,474.54 233,961.15 0.00
2A3 1,264,300.43 0.00 124,754,095.10 1,771,285.36 0.00
2A4 0.00 0.00 31,193,000.00 125,492.64 0.00
2A5 0.00 0.00 42,554,000.00 171,199.11 0.00
3A1 164,089.93 0.00 112,514,758.23 641,432.90 0.00
3A2 9,441.75 0.00 6,474,112.93 36,908.12 0.00
4A1 18,153.86 0.00 24,744,169.79 125,046.25 0.00
4A2 36,601.08 0.00 49,888,205.36 252,113.25 0.00
4A3 2,106.57 0.00 2,871,313.46 14,510.36 0.00
B1 5,360.47 0.00 13,771,306.41 61,937.94 0.00
B2 1,786.82 0.00 4,590,435.47 20,645.98 0.00
B3 962.26 0.00 2,472,080.40 11,118.45 0.00
B4 549.58 0.00 1,411,903.64 6,350.19 0.00
B5 412.67 0.00 1,060,176.76 4,768.26 0.00
B6 549.87 0.00 1,412,640.07 6,353.50 0.00
Totals 5,657,434.35 0.00 695,145,247.86 8,535,590.28 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 61,273,000.00 60,458,239.28 19,630.71 2,616,939.54 0.00 0.00
1A2 3,526,000.00 3,479,113.99 1,129.66 150,593.72 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 195,000,000.00 193,048,304.53 76,254.11 1,145,534.35 0.00 0.00
2A2 22,829,000.00 22,600,511.51 8,927.21 134,109.76 0.00 0.00
2A3 128,038,000.00 126,018,395.53 78,907.36 1,185,393.07 0.00 0.00
2A4 31,193,000.00 31,193,000.00 0.00 0.00 0.00 0.00
2A5 42,554,000.00 42,554,000.00 0.00 0.00 0.00 0.00
3A1 112,843,000.00 112,678,848.16 56,059.35 108,030.59 0.00 0.00
3A2 6,493,000.00 6,483,554.68 3,225.66 6,216.09 0.00 0.00
4A1 25,000,000.00 24,762,323.65 6,080.32 12,073.54 0.00 0.00
4A2 50,404,000.00 49,924,806.44 12,258.90 24,342.19 0.00 0.00
4A3 2,901,000.00 2,873,420.04 705.56 1,401.01 0.00 0.00
B1 13,782,000.00 13,776,666.89 5,360.47 0.00 0.00 0.00
B2 4,594,000.00 4,592,222.30 1,786.82 0.00 0.00 0.00
B3 2,474,000.00 2,473,042.66 962.26 0.00 0.00 0.00
B4 1,413,000.00 1,412,453.22 549.58 0.00 0.00 0.00
B5 1,061,000.00 1,060,589.43 412.67 0.00 0.00 0.00
B6 1,413,737.00 1,413,189.94 549.87 0.00 0.00 0.00
Totals 706,791,837.00 700,802,682.25 272,800.51 5,384,633.86 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 2,636,570.25 57,821,669.03 0.94367289 2,636,570.25
1A2 151,723.38 3,327,390.61 0.94367289 151,723.38
1AR 0.00 0.00 0.00000000 0.00
2A1 1,221,788.46 191,826,516.06 0.98372572 1,221,788.46
2A2 143,036.97 22,457,474.54 0.98372572 143,036.97
2A3 1,264,300.43 124,754,095.10 0.97435211 1,264,300.43
2A4 0.00 31,193,000.00 1.00000000 0.00
2A5 0.00 42,554,000.00 1.00000000 0.00
3A1 164,089.93 112,514,758.23 0.99709116 164,089.93
3A2 9,441.75 6,474,112.93 0.99709116 9,441.75
4A1 18,153.86 24,744,169.79 0.98976679 18,153.86
4A2 36,601.08 49,888,205.36 0.98976679 36,601.08
4A3 2,106.57 2,871,313.46 0.98976679 2,106.57
B1 5,360.47 13,771,306.41 0.99922409 5,360.47
B2 1,786.82 4,590,435.47 0.99922409 1,786.82
B3 962.26 2,472,080.40 0.99922409 962.26
B4 549.58 1,411,903.64 0.99922409 549.58
B5 412.67 1,060,176.76 0.99922409 412.67
B6 549.87 1,412,640.07 0.99922409 549.87
Totals 5,657,434.35 695,145,247.86 0.98352190 5,657,434.35
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 61,273,000.00 986.70277741 0.32038108 42.70950566 0.00000000
1A2 3,526,000.00 986.70277652 0.32038003 42.70950652 0.00000000
1AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 195,000,000.00 989.99130528 0.39104672 5.87453513 0.00000000
2A2 22,829,000.00 989.99130536 0.39104691 5.87453502 0.00000000
2A3 128,038,000.00 984.22652283 0.61628079 9.25813485 0.00000000
2A4 31,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 42,554,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3A1 112,843,000.00 998.54530773 0.49679067 0.95735305 0.00000000
3A2 6,493,000.00 998.54530725 0.49679039 0.95735253 0.00000000
4A1 25,000,000.00 990.49294600 0.24321280 0.48294160 0.00000000
4A2 50,404,000.00 990.49294580 0.24321284 0.48294163 0.00000000
4A3 2,901,000.00 990.49294726 0.24321269 0.48294037 0.00000000
B1 13,782,000.00 999.61303802 0.38894718 0.00000000 0.00000000
B2 4,594,000.00 999.61303875 0.38894645 0.00000000 0.00000000
B3 2,474,000.00 999.61303961 0.38894907 0.00000000 0.00000000
B4 1,413,000.00 999.61303609 0.38894551 0.00000000 0.00000000
B5 1,061,000.00 999.61303487 0.38894439 0.00000000 0.00000000
B6 1,413,737.00 999.61303977 0.38894787 0.00000000 0.00000000
<FN>
</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 43.02988674 943.67289067 0.94367289 43.02988674
1A2 0.00000000 43.02988656 943.67288996 0.94367289 43.02988656
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 6.26558185 983.72572338 0.98372572 6.26558185
2A2 0.00000000 6.26558194 983.72572342 0.98372572 6.26558194
2A3 0.00000000 9.87441564 974.35210719 0.97435211 9.87441564
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3A1 0.00000000 1.45414363 997.09116410 0.99709116 1.45414363
3A2 0.00000000 1.45414292 997.09116433 0.99709116 1.45414292
4A1 0.00000000 0.72615440 989.76679160 0.98976679 0.72615440
4A2 0.00000000 0.72615427 989.76679152 0.98976679 0.72615427
4A3 0.00000000 0.72615305 989.76679076 0.98976679 0.72615305
B1 0.00000000 0.38894718 999.22409012 0.99922409 0.38894718
B2 0.00000000 0.38894645 999.22409012 0.99922409 0.38894645
B3 0.00000000 0.38894907 999.22409054 0.99922409 0.38894907
B4 0.00000000 0.38894551 999.22409059 0.99922409 0.38894551
B5 0.00000000 0.38894439 999.22409048 0.99922409 0.38894439
B6 0.00000000 0.38894787 999.22409189 0.99922409 0.38894787
<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 61,273,000.00 4.98735% 60,458,239.28 251,271.97 0.00 0.00
1A2 3,526,000.00 4.98735% 3,479,113.99 14,459.63 0.00 0.00
1AR 100.00 4.96575% 0.00 0.00 0.00 0.00
2A1 195,000,000.00 4.82772% 193,048,304.53 776,653.13 0.00 0.00
2A2 22,829,000.00 4.82772% 22,600,511.51 90,924.18 0.00 0.00
2A3 128,038,000.00 4.82772% 126,018,395.53 506,984.93 0.00 0.00
2A4 31,193,000.00 4.82772% 31,193,000.00 125,492.64 0.00 0.00
2A5 42,554,000.00 4.82772% 42,554,000.00 171,199.11 0.00 0.00
3A1 112,843,000.00 5.08358% 112,678,848.16 477,342.97 0.00 0.00
3A2 6,493,000.00 5.08358% 6,483,554.68 27,466.37 0.00 0.00
4A1 25,000,000.00 5.18008% 24,762,323.65 106,892.39 0.00 0.00
4A2 50,404,000.00 5.18008% 49,924,806.44 215,512.17 0.00 0.00
4A3 2,901,000.00 5.18008% 2,873,420.04 12,403.79 0.00 0.00
B1 13,782,000.00 4.92811% 13,776,666.89 56,577.47 0.00 0.00
B2 4,594,000.00 4.92811% 4,592,222.30 18,859.16 0.00 0.00
B3 2,474,000.00 4.92811% 2,473,042.66 10,156.19 0.00 0.00
B4 1,413,000.00 4.92811% 1,412,453.22 5,800.61 0.00 0.00
B5 1,061,000.00 4.92811% 1,060,589.43 4,355.59 0.00 0.00
B6 1,413,737.00 4.92811% 1,413,189.94 5,803.63 0.00 0.00
Totals 706,791,837.00 2,878,155.93 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 0.00 251,271.97 0.00 57,821,669.03
1A2 0.00 0.00 14,459.63 0.00 3,327,390.61
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 776,653.13 0.00 191,826,516.06
2A2 0.00 0.00 90,924.18 0.00 22,457,474.54
2A3 0.00 0.00 506,984.93 0.00 124,754,095.10
2A4 0.00 0.00 125,492.64 0.00 31,193,000.00
2A5 0.00 0.00 171,199.11 0.00 42,554,000.00
3A1 0.00 0.00 477,342.97 0.00 112,514,758.23
3A2 0.00 0.00 27,466.37 0.00 6,474,112.93
4A1 0.00 0.00 106,892.39 0.00 24,744,169.79
4A2 0.00 0.00 215,512.17 0.00 49,888,205.36
4A3 0.00 0.00 12,403.79 0.00 2,871,313.46
B1 0.00 0.00 56,577.47 0.00 13,771,306.41
B2 0.00 0.00 18,859.16 0.00 4,590,435.47
B3 0.00 0.00 10,156.19 0.00 2,472,080.40
B4 0.00 0.00 5,800.61 0.00 1,411,903.64
B5 0.00 0.00 4,355.59 0.00 1,060,176.76
B6 0.00 0.00 5,803.63 0.00 1,412,640.07
Totals 0.00 0.00 2,878,155.93 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 61,273,000.00 4.98735% 986.70277741 4.10085960 0.00000000 0.00000000
1A2 3,526,000.00 4.98735% 986.70277652 4.10085933 0.00000000 0.00000000
1AR 100.00 4.96575% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 195,000,000.00 4.82772% 989.99130528 3.98283656 0.00000000 0.00000000
2A2 22,829,000.00 4.82772% 989.99130536 3.98283674 0.00000000 0.00000000
2A3 128,038,000.00 4.82772% 984.22652283 3.95964425 0.00000000 0.00000000
2A4 31,193,000.00 4.82772% 1000.00000000 4.02310262 0.00000000 0.00000000
2A5 42,554,000.00 4.82772% 1000.00000000 4.02310265 0.00000000 0.00000000
3A1 112,843,000.00 5.08358% 998.54530773 4.23015136 0.00000000 0.00000000
3A2 6,493,000.00 5.08358% 998.54530725 4.23015093 0.00000000 0.00000000
4A1 25,000,000.00 5.18008% 990.49294600 4.27569560 0.00000000 0.00000000
4A2 50,404,000.00 5.18008% 990.49294580 4.27569578 0.00000000 0.00000000
4A3 2,901,000.00 5.18008% 990.49294726 4.27569459 0.00000000 0.00000000
B1 13,782,000.00 4.92811% 999.61303802 4.10517124 0.00000000 0.00000000
B2 4,594,000.00 4.92811% 999.61303875 4.10517196 0.00000000 0.00000000
B3 2,474,000.00 4.92811% 999.61303961 4.10516977 0.00000000 0.00000000
B4 1,413,000.00 4.92811% 999.61303609 4.10517339 0.00000000 0.00000000
B5 1,061,000.00 4.92811% 999.61303487 4.10517436 0.00000000 0.00000000
B6 1,413,737.00 4.92811% 999.61303977 4.10516949 0.00000000 0.00000000
<FN>
(5) Per $1 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 4.10085960 0.00000000 943.67289067
1A2 0.00000000 0.00000000 4.10085933 0.00000000 943.67288996
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.98283656 0.00000000 983.72572338
2A2 0.00000000 0.00000000 3.98283674 0.00000000 983.72572342
2A3 0.00000000 0.00000000 3.95964425 0.00000000 974.35210719
2A4 0.00000000 0.00000000 4.02310262 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 4.02310265 0.00000000 1000.00000000
3A1 0.00000000 0.00000000 4.23015136 0.00000000 997.09116410
3A2 0.00000000 0.00000000 4.23015093 0.00000000 997.09116433
4A1 0.00000000 0.00000000 4.27569560 0.00000000 989.76679160
4A2 0.00000000 0.00000000 4.27569578 0.00000000 989.76679152
4A3 0.00000000 0.00000000 4.27569459 0.00000000 989.76679076
B1 0.00000000 0.00000000 4.10517124 0.00000000 999.22409012
B2 0.00000000 0.00000000 4.10517196 0.00000000 999.22409012
B3 0.00000000 0.00000000 4.10516977 0.00000000 999.22409054
B4 0.00000000 0.00000000 4.10517339 0.00000000 999.22409059
B5 0.00000000 0.00000000 4.10517436 0.00000000 999.22409048
B6 0.00000000 0.00000000 4.10516949 0.00000000 999.22409189
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 8,689,955.74
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 8,689,955.74
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 154,365.46
Payment of Interest and Principal 8,535,590.28
Total Withdrawals (Pool Distribution Amount) 8,689,955.74
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 152,905.45
Trustee Fee 1,460.01
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 154,365.46
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 12 0 0 0 12
5,832,151.69 0.00 0.00 0.00 5,832,151.69
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 12 0 0 0 12
5,832,151.69 0.00 0.00 0.00 5,832,151.69
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 0.923077% 0.000000% 0.000000% 0.000000% 0.923077%
0.838736% 0.000000% 0.000000% 0.000000% 0.838736%
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 0.923077% 0.000000% 0.000000% 0.000000% 0.923077%
0.838736% 0.000000% 0.000000% 0.000000% 0.838736%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1- Three Year Arm No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
1,264,500.00 0.00 0.00 0.00 1,264,500.00
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 2 0 0 0 2
1,264,500.00 0.00 0.00 0.00 1,264,500.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.694915% 0.000000% 0.000000% 0.000000% 1.694915%
1.991011% 0.000000% 0.000000% 0.000000% 1.991011%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.694915% 0.000000% 0.000000% 0.000000% 1.694915%
1.991011% 0.000000% 0.000000% 0.000000% 1.991011%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- Five Year Arm No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
4,137,651.69 0.00 0.00 0.00 4,137,651.69
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 9 0 0 0 9
4,137,651.69 0.00 0.00 0.00 4,137,651.69
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.115242% 0.000000% 0.000000% 0.000000% 1.115242%
0.966461% 0.000000% 0.000000% 0.000000% 0.966461%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.115242% 0.000000% 0.000000% 0.000000% 1.115242%
0.966461% 0.000000% 0.000000% 0.000000% 0.966461%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3- Seven Year Arm No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
430,000.00 0.00 0.00 0.00 430,000.00
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 1 0 0 0 1
430,000.00 0.00 0.00 0.00 430,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.431034% 0.000000% 0.000000% 0.000000% 0.431034%
0.348568% 0.000000% 0.000000% 0.000000% 0.348568%
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 0.431034% 0.000000% 0.000000% 0.000000% 0.431034%
0.348568% 0.000000% 0.000000% 0.000000% 0.348568%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4- Ten Year Arm No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 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.
1- Three Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2- Five Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3- Seven Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4- Ten Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1- Three Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2- Five Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3- Seven Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4- Ten Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.192654%
Weighted Average Net Coupon 4.930830%
Weighted Average Pass-Through Rate 4.928330%
Weighted Average Maturity(Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 1,306
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 1,300
Beginning Scheduled Collateral Balance 700,802,683.09
Ending Scheduled Collateral Balance 695,145,248.71
Ending Actual Collateral Balance at 30-Sep-2005 695,350,164.03
Monthly P&I Constant 3,305,321.87
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 272,800.52
Unscheduled Principal 5,384,633.86
Miscellaneous Reporting
Senior Percentage 96.471452%
Subordinate Percentage 3.528548%
Group Level Collateral Statement
Group 1- Three Year Arm 2- Five Year Arm 3- Seven Year Arm
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.364849 5.080223 5.336077
Weighted Average Net Rate 4.989849 4.830223 5.086077
Weighted Average Maturity 358 357 358
Beginning Loan Count 123 808 232
Loans Paid In Full 5 1 0
Ending Loan Count 118 807 232
Beginning Scheduled Balance 66,286,911.65 430,626,957.82 123,489,114.80
Ending Scheduled Balance 63,497,855.12 427,991,822.92 123,313,430.51
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 317,872.66 1,993,165.16 610,560.45
Scheduled Principal 21,523.27 170,097.72 61,437.61
Unscheduled Principal 2,767,533.26 2,465,037.18 114,246.68
Scheduled Interest 296,349.39 1,823,067.44 549,122.84
Servicing Fees 20,714.66 89,713.95 25,726.90
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 138.10 897.14 257.27
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 275,496.63 1,732,456.35 523,138.67
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 4.987349 4.827723 5.083577
Group Level Collateral Statement
Group 4- Ten Year Arm Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.432583 5.192654
Weighted Average Net Rate 5.182583 4.930830
Weighted Average Maturity 358 1
Beginning Loan Count 143 1,306
Loans Paid In Full 0 6
Ending Loan Count 143 1,300
Beginning Scheduled Balance 80,399,698.82 700,802,683.09
Ending scheduled Balance 80,342,140.16 695,145,248.71
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 383,723.60 3,305,321.87
Scheduled Principal 19,741.92 272,800.52
Unscheduled Principal 37,816.74 5,384,633.86
Scheduled Interest 363,981.68 3,032,521.35
Servicing Fees 16,749.94 152,905.45
Master Servicing Fees 0.00 0.00
Trustee Fee 167.50 1,460.01
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 347,064.24 2,878,155.89
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 5.180083 4.928330
Miscellaneous Reporting
Group 1- Three Year Arm
CPR 40.066769%
Subordinate Percentage 3.544528%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.455472%
Group 2- Five Year Arm
CPR 6.659514%
Subordinate Percentage 3.532697%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.467303%
Group 3- Seven Year Arm
CPR 1.105102%
Subordinate Percentage 3.503719%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.496281%
Miscellaneous Reporting
Group 4- Ten Year Arm
CPR 0.563111%
Subordinate Percentage 3.531292%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.468708%
Prepayment Detail - Prepayments during Current Period
Summary Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
1- Three Year Arm 5 2,630,080.00 2,627,869.43 0 0.00 0.00
2- Five Year Arm 1 1,000,000.00 1,000,000.00 0 0.00 0.00
3- Seven Year Arm 0 0.00 0.00 0 0.00 0.00
4- Ten Year Arm 0 0.00 0.00 0 0.00 0.00
Total 6 3,630,080.00 3,627,869.43 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1- Three Year Arm 0 0.00 0.00 0 0.00 0.00 141,037.39
2- Five Year Arm 0 0.00 0.00 0 0.00 0.00 1,465,037.18
3- Seven Year Arm 0 0.00 0.00 0 0.00 0.00 114,246.68
4- Ten Year Arm 0 0.00 0.00 0 0.00 0.00 37,816.74
Total 0 0.00 0.00 0 0.00 0.00 1,758,137.99
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
1- Three Year Arm 3302391911 FL 90.28 01-Sep-2005 474,000.00 472,959.98
1- Three Year Arm 6175321360 WA 76.52 01-Aug-2005 440,000.00 440,000.00
1- Three Year Arm 6692618611 MO 51.06 01-Aug-2005 868,080.00 865,535.89
1- Three Year Arm 6759310235 SC 80.00 01-Aug-2005 448,000.00 448,000.00
1- Three Year Arm 6983144459 NJ 49.38 01-Sep-2005 400,000.00 400,000.00
2- Five Year Arm 6258475125 CA 68.49 01-Aug-2005 1,000,000.00 1,000,000.00
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
1- Three Year Arm 3302391911 Loan Paid in Full (1) 5.500% 360 1
1- Three Year Arm 6175321360 Loan Paid in Full 0 5.875% 360 2
1- Three Year Arm 6692618611 Loan Paid in Full 0 6.125% 360 2
1- Three Year Arm 6759310235 Loan Paid in Full 0 5.625% 360 2
1- Three Year Arm 6983144459 Loan Paid in Full (1) 5.875% 360 1
2- Five Year Arm 6258475125 Loan Paid in Full 0 5.500% 360 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.769% Current Month 8.844% Current Month 3,040.307%
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 9.287% N/A Sep-2005 10,173.464% N/A
Oct-2005 8.844% N/A Oct-2005 3,040.307% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1- Three Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.176% Current Month 40.067% Current Month 14,213.778%
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 14.059% N/A Sep-2005 16,783.019% N/A
Oct-2005 40.067% N/A Oct-2005 14,213.778% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2- Five Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.573% Current Month 6.660% Current Month 2,224.297%
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 10.584% N/A Sep-2005 10,608.962% N/A
Oct-2005 6.660% N/A Oct-2005 2,224.297% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3- Seven Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.093% Current Month 1.105% Current Month 379.633%
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 1.108% N/A Sep-2005 1,215.461% N/A
Oct-2005 1.105% N/A Oct-2005 379.633% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4- Ten Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.047% Current Month 0.563% Current Month 223.201%
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 10.219% N/A Sep-2005 19,548.186% N/A
Oct-2005 0.563% N/A Oct-2005 223.201% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1- Three Year Arm 0 0.00 0.00 0.000%
2- Five Year Arm 0 0.00 0.00 0.000%
3- Seven Year Arm 0 0.00 0.00 0.000%
4- Ten Year Arm 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1- Three Year Arm
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2- Five Year Arm
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3- Seven Year Arm
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4- Ten Year Arm
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>