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
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-WF1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-05 54-2176823
Pooling and Servicing Agreement) (Commission 54-2176824
(State or other File Number) IRS EIN
jurisdiction
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 ACE SECURITIES CORP.
HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-WF1 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Pass-Through Certificates,
Series 2005-WF1 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.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-WF1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 11/3/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-WF1 Trust,
relating to the October 25, 2005 distribution.
EX-99.1
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Record Date: 9/30/2005
Distribution Date: 10/25/2005
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Series ACE 2005-WF1
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>
A-1 004421QK2 SEN 4.06000% 307,525,862.65 1,005,780.42
A-2A 004421QL0 SEN 3.93000% 71,405,253.96 226,057.13
A-2B 004421QM8 SEN 4.04000% 28,250,000.00 91,938.06
A-2C 004421QN6 SEN 4.17000% 27,760,000.00 93,250.47
M-1 004421QP1 MEZ 4.25000% 14,502,000.00 49,649.21
M-2 004421QQ9 MEZ 4.27000% 13,364,000.00 45,968.45
M-3 004421QR7 MEZ 4.29000% 8,530,000.00 29,478.26
M-4 004421QS5 MEZ 4.41000% 7,109,000.00 25,254.72
M-5 004421QT3 MEZ 4.43000% 7,109,000.00 25,369.26
M-6 004421QU0 MEZ 4.48000% 6,540,000.00 23,602.13
M-7 004421QV8 MEZ 4.96000% 4,550,000.00 18,179.78
M-8 004421QW6 MEZ 5.03000% 4,550,000.00 18,436.35
M-9 004421QX4 MEZ 5.68000% 5,687,000.00 26,021.18
M-10 004421QY2 MEZ 6.83000% 5,687,000.00 31,289.56
M-11 004421QZ9 MEZ 6.83000% 5,687,000.00 31,289.56
CE 111326260 SEN 0.00000% 9,667,788.63 929,892.14
P 111326252 SEN 0.00000% 100.00 132,650.59
R 111326278 RES 0.00000% 0.00 0.00
Totals 527,924,005.24 2,804,107.27
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 9,083,511.75 0.00 298,442,350.90 10,089,292.17 0.00
A-2A 4,278,440.87 0.00 67,126,813.09 4,504,498.00 0.00
A-2B 0.00 0.00 28,250,000.00 91,938.06 0.00
A-2C 0.00 0.00 27,760,000.00 93,250.47 0.00
M-1 0.00 0.00 14,502,000.00 49,649.21 0.00
M-2 0.00 0.00 13,364,000.00 45,968.45 0.00
M-3 0.00 0.00 8,530,000.00 29,478.26 0.00
M-4 0.00 0.00 7,109,000.00 25,254.72 0.00
M-5 0.00 0.00 7,109,000.00 25,369.26 0.00
M-6 0.00 0.00 6,540,000.00 23,602.13 0.00
M-7 0.00 0.00 4,550,000.00 18,179.78 0.00
M-8 0.00 0.00 4,550,000.00 18,436.35 0.00
M-9 0.00 0.00 5,687,000.00 26,021.18 0.00
M-10 0.00 0.00 5,687,000.00 31,289.56 0.00
M-11 0.00 0.00 5,687,000.00 31,289.56 0.00
CE 0.00 0.00 9,667,788.63 929,892.14 0.00
P 0.00 0.00 100.00 132,650.59 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 13,361,952.62 0.00 514,562,052.62 16,166,059.89 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</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>
A-1 335,029,000.00 307,525,862.65 0.00 9,083,511.75 0.00 0.00
A-2A 84,673,000.00 71,405,253.96 0.00 4,278,440.87 0.00 0.00
A-2B 28,250,000.00 28,250,000.00 0.00 0.00 0.00 0.00
A-2C 27,760,000.00 27,760,000.00 0.00 0.00 0.00 0.00
M-1 14,502,000.00 14,502,000.00 0.00 0.00 0.00 0.00
M-2 13,364,000.00 13,364,000.00 0.00 0.00 0.00 0.00
M-3 8,530,000.00 8,530,000.00 0.00 0.00 0.00 0.00
M-4 7,109,000.00 7,109,000.00 0.00 0.00 0.00 0.00
M-5 7,109,000.00 7,109,000.00 0.00 0.00 0.00 0.00
M-6 6,540,000.00 6,540,000.00 0.00 0.00 0.00 0.00
M-7 4,550,000.00 4,550,000.00 0.00 0.00 0.00 0.00
M-8 4,550,000.00 4,550,000.00 0.00 0.00 0.00 0.00
M-9 5,687,000.00 5,687,000.00 0.00 0.00 0.00 0.00
M-10 5,687,000.00 5,687,000.00 0.00 0.00 0.00 0.00
M-11 5,687,000.00 5,687,000.00 0.00 0.00 0.00 0.00
CE 9,666,349.00 9,667,788.63 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 568,693,449.00 527,924,005.24 0.00 13,361,952.62 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>
A-1 9,083,511.75 298,442,350.90 0.89079558 9,083,511.75
A-2A 4,278,440.87 67,126,813.09 0.79277707 4,278,440.87
A-2B 0.00 28,250,000.00 1.00000000 0.00
A-2C 0.00 27,760,000.00 1.00000000 0.00
M-1 0.00 14,502,000.00 1.00000000 0.00
M-2 0.00 13,364,000.00 1.00000000 0.00
M-3 0.00 8,530,000.00 1.00000000 0.00
M-4 0.00 7,109,000.00 1.00000000 0.00
M-5 0.00 7,109,000.00 1.00000000 0.00
M-6 0.00 6,540,000.00 1.00000000 0.00
M-7 0.00 4,550,000.00 1.00000000 0.00
M-8 0.00 4,550,000.00 1.00000000 0.00
M-9 0.00 5,687,000.00 1.00000000 0.00
M-10 0.00 5,687,000.00 1.00000000 0.00
M-11 0.00 5,687,000.00 1.00000000 0.00
CE 0.00 9,667,788.63 1.00014893 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 13,361,952.62 514,562,052.62 0.90481445 13,361,952.62
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>
A-1 335,029,000.00 917.90818899 0.00000000 27.11261339 0.00000000
A-2A 84,673,000.00 843.30605931 0.00000000 50.52898645 0.00000000
A-2B 28,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 27,760,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 14,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 13,364,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 8,530,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 7,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 7,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 6,540,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 4,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 4,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 5,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 5,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 9,666,349.00 1000.14893214 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1 0.00000000 27.11261339 890.79557561 0.89079558 27.11261339
A-2A 0.00000000 50.52898645 792.77707286 0.79277707 50.52898645
A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 1,000.14893214 1.00014893 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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>
A-1 335,029,000.00 4.06000% 307,525,862.65 1,005,780.42 0.00 0.00
A-2A 84,673,000.00 3.93000% 71,405,253.96 226,057.13 0.00 0.00
A-2B 28,250,000.00 4.04000% 28,250,000.00 91,938.06 0.00 0.00
A-2C 27,760,000.00 4.17000% 27,760,000.00 93,250.47 0.00 0.00
M-1 14,502,000.00 4.25000% 14,502,000.00 49,649.21 0.00 0.00
M-2 13,364,000.00 4.27000% 13,364,000.00 45,968.45 0.00 0.00
M-3 8,530,000.00 4.29000% 8,530,000.00 29,478.26 0.00 0.00
M-4 7,109,000.00 4.41000% 7,109,000.00 25,254.72 0.00 0.00
M-5 7,109,000.00 4.43000% 7,109,000.00 25,369.26 0.00 0.00
M-6 6,540,000.00 4.48000% 6,540,000.00 23,602.13 0.00 0.00
M-7 4,550,000.00 4.96000% 4,550,000.00 18,179.78 0.00 0.00
M-8 4,550,000.00 5.03000% 4,550,000.00 18,436.35 0.00 0.00
M-9 5,687,000.00 5.68000% 5,687,000.00 26,021.18 0.00 0.00
M-10 5,687,000.00 6.83000% 5,687,000.00 31,289.56 0.00 0.00
M-11 5,687,000.00 6.83000% 5,687,000.00 31,289.56 0.00 0.00
CE 9,666,349.00 0.00000% 527,924,005.24 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 568,693,449.00 1,741,564.54 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>
A-1 0.00 0.00 1,005,780.42 0.00 298,442,350.90
A-2A 0.00 0.00 226,057.13 0.00 67,126,813.09
A-2B 0.00 0.00 91,938.06 0.00 28,250,000.00
A-2C 0.00 0.00 93,250.47 0.00 27,760,000.00
M-1 0.00 0.00 49,649.21 0.00 14,502,000.00
M-2 0.00 0.00 45,968.45 0.00 13,364,000.00
M-3 0.00 0.00 29,478.26 0.00 8,530,000.00
M-4 0.00 0.00 25,254.72 0.00 7,109,000.00
M-5 0.00 0.00 25,369.26 0.00 7,109,000.00
M-6 0.00 0.00 23,602.13 0.00 6,540,000.00
M-7 0.00 0.00 18,179.78 0.00 4,550,000.00
M-8 0.00 0.00 18,436.35 0.00 4,550,000.00
M-9 0.00 0.00 26,021.18 0.00 5,687,000.00
M-10 0.00 0.00 31,289.56 0.00 5,687,000.00
M-11 0.00 0.00 31,289.56 0.00 5,687,000.00
CE 0.00 0.00 929,892.14 0.00 514,562,052.62
P 0.00 0.00 132,650.59 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 2,804,107.27 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>
A-1 335,029,000.00 4.06000% 917.90818899 3.00206973 0.00000000 0.00000000
A-2A 84,673,000.00 3.93000% 843.30605931 2.66976640 0.00000000 0.00000000
A-2B 28,250,000.00 4.04000% 1000.00000000 3.25444460 0.00000000 0.00000000
A-2C 27,760,000.00 4.17000% 1000.00000000 3.35916679 0.00000000 0.00000000
M-1 14,502,000.00 4.25000% 1000.00000000 3.42361123 0.00000000 0.00000000
M-2 13,364,000.00 4.27000% 1000.00000000 3.43972239 0.00000000 0.00000000
M-3 8,530,000.00 4.29000% 1000.00000000 3.45583353 0.00000000 0.00000000
M-4 7,109,000.00 4.41000% 1000.00000000 3.55249965 0.00000000 0.00000000
M-5 7,109,000.00 4.43000% 1000.00000000 3.56861162 0.00000000 0.00000000
M-6 6,540,000.00 4.48000% 1000.00000000 3.60888838 0.00000000 0.00000000
M-7 4,550,000.00 4.96000% 1000.00000000 3.99555604 0.00000000 0.00000000
M-8 4,550,000.00 5.03000% 1000.00000000 4.05194505 0.00000000 0.00000000
M-9 5,687,000.00 5.68000% 1000.00000000 4.57555477 0.00000000 0.00000000
M-10 5,687,000.00 6.83000% 1000.00000000 5.50194479 0.00000000 0.00000000
M-11 5,687,000.00 6.83000% 1000.00000000 5.50194479 0.00000000 0.00000000
CE 9,666,349.00 0.00000% 54614.62287778 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1 0.00000000 0.00000000 3.00206973 0.00000000 890.79557561
A-2A 0.00000000 0.00000000 2.66976640 0.00000000 792.77707286
A-2B 0.00000000 0.00000000 3.25444460 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.35916679 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.42361123 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.43972239 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.45583353 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.55249965 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.56861162 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.60888838 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 3.99555604 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.05194505 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.57555477 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 5.50194479 0.00000000 1000.00000000
M-11 0.00000000 0.00000000 5.50194479 0.00000000 1000.00000000
CE 0.00000000 0.00000000 96.19889992 0.00000000 53232.30649131
P 0.00000000 0.00000000 1326505.90000000 0.00000000 1000.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 16,245,971.87
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 36,198.78
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 132,650.59
Total Deposits 16,414,821.24
Withdrawals
Reimbursement for Servicer Advances 18,894.44
Payment of Service Fee 229,866.92
Payment of Interest and Principal 16,166,059.88
Total Withdrawals (Pool Distribution Amount) 16,414,821.24
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 219,968.34
Credit Risk Manager Fee - The Murrayhill Company 6,599.05
Master Servicing Fee: Wells Fargo Bank 3,299.53
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 229,866.92
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 5,023.20 5,023.20 1,000.00
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 7 0 0 7
573,505.79 0.00 0.00 573,505.79
30 Days 24 1 0 0 25
3,170,102.88 50,920.03 0.00 0.00 3,221,022.91
60 Days 6 0 10 0 16
512,720.74 0.00 1,623,915.55 0.00 2,136,636.29
90 Days 0 0 1 0 1
0.00 0.00 133,133.74 0.00 133,133.74
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 30 8 11 0 49
3,682,823.62 624,425.82 1,757,049.29 0.00 6,064,298.73
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 0.222081% 0.000000% 0.000000% 0.222081%
0.111355% 0.000000% 0.000000% 0.111355%
30 Days 0.761421% 0.031726% 0.000000% 0.000000% 0.793147%
0.615525% 0.009887% 0.000000% 0.000000% 0.625412%
60 Days 0.190355% 0.000000% 0.317259% 0.000000% 0.507614%
0.099553% 0.000000% 0.315308% 0.000000% 0.414861%
90 Days 0.000000% 0.000000% 0.031726% 0.000000% 0.031726%
0.000000% 0.000000% 0.025850% 0.000000% 0.025850%
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 0.951777% 0.253807% 0.348985% 0.000000% 1.554569%
0.715077% 0.121242% 0.341158% 0.000000% 1.177478%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP I SUBGRP I No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
280,972.67 0.00 0.00 0.00 280,972.67
60 Days 0 0 1 0 1
0.00 0.00 80,328.47 0.00 80,328.47
90 Days 0 0 1 0 1
0.00 0.00 133,133.74 0.00 133,133.74
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 3 0 2 0 5
280,972.67 0.00 213,462.21 0.00 494,434.88
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.571429% 0.000000% 0.000000% 0.000000% 0.571429%
0.367713% 0.000000% 0.000000% 0.000000% 0.367713%
60 Days 0.000000% 0.000000% 0.190476% 0.000000% 0.190476%
0.000000% 0.000000% 0.105127% 0.000000% 0.105127%
90 Days 0.000000% 0.000000% 0.190476% 0.000000% 0.190476%
0.000000% 0.000000% 0.174234% 0.000000% 0.174234%
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 0.571429% 0.000000% 0.380952% 0.000000% 0.952381%
0.367713% 0.000000% 0.279361% 0.000000% 0.647074%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP I SUB GRP II 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 7 0 0 7
573,505.79 0.00 0.00 573,505.79
30 Days 19 1 0 0 20
2,472,130.26 50,920.03 0.00 0.00 2,523,050.29
60 Days 6 0 7 0 13
512,720.74 0.00 980,642.62 0.00 1,493,363.36
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 25 8 7 0 40
2,984,851.00 624,425.82 980,642.62 0.00 4,589,919.44
0-29 Days 0.337025% 0.000000% 0.000000% 0.337025%
0.199243% 0.000000% 0.000000% 0.199243%
30 Days 0.914781% 0.048146% 0.000000% 0.000000% 0.962927%
0.858847% 0.017690% 0.000000% 0.000000% 0.876537%
60 Days 0.288878% 0.000000% 0.337025% 0.000000% 0.625903%
0.178125% 0.000000% 0.340687% 0.000000% 0.518812%
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 1.203659% 0.385171% 0.337025% 0.000000% 1.925855%
1.036972% 0.216933% 0.340687% 0.000000% 1.594591%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP II SUB GRP I 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
57,935.07 0.00 0.00 0.00 57,935.07
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
57,935.07 0.00 0.00 0.00 57,935.07
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.581395% 0.000000% 0.000000% 0.000000% 0.581395%
0.179502% 0.000000% 0.000000% 0.000000% 0.179502%
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 0.581395% 0.000000% 0.000000% 0.000000% 0.581395%
0.179502% 0.000000% 0.000000% 0.000000% 0.179502%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP II SUB GRP II 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
359,064.88 0.00 0.00 0.00 359,064.88
60 Days 0 0 2 0 2
0.00 0.00 562,944.46 0.00 562,944.46
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 2 0 3
359,064.88 0.00 562,944.46 0.00 922,009.34
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.264550% 0.000000% 0.000000% 0.000000% 0.264550%
0.303021% 0.000000% 0.000000% 0.000000% 0.303021%
60 Days 0.000000% 0.000000% 0.529101% 0.000000% 0.529101%
0.000000% 0.000000% 0.475078% 0.000000% 0.475078%
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 0.264550% 0.000000% 0.529101% 0.000000% 0.793651%
0.303021% 0.000000% 0.475078% 0.000000% 0.778098%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 36,198.78
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.
GRP I SUBGRP I 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.
GRP I SUB GRP II 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.
GRP II SUB GRP I 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.
GRP II SUB GRP II 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 10 Nov-04 0.000%
Original Principal Balance 1,627,600.00 Dec-04 0.000%
Current Principal Balance 1,623,915.55 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 11 Apr-05 0.000%
Original Principal Balance 1,761,000.00 May-05 0.000%
Current Principal Balance 1,757,049.29 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.235%
Sep-05 0.025%
Oct-05 0.341%
*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.
GRP I SUBGRP I 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Nov-04 0.000%
Original Principal Balance 80,500.00 Dec-04 0.000%
Current Principal Balance 80,328.47 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 2 Apr-05 0.000%
Original Principal Balance 213,900.00 May-05 0.000%
Current Principal Balance 213,462.21 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.192%
Sep-05 0.172%
Oct-05 0.279%
*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.
GRP I SUB GRP II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 7 Nov-04 0.000%
Original Principal Balance 983,350.00 Dec-04 0.000%
Current Principal Balance 980,642.62 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 7 Apr-05 0.000%
Original Principal Balance 983,350.00 May-05 0.000%
Current Principal Balance 980,642.62 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.209%
Sep-05 0.000%
Oct-05 0.341%
*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.
GRP II SUB GRP I 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.
GRP II SUB GRP II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 2 Nov-04 0.000%
Original Principal Balance 563,750.00 Dec-04 0.000%
Current Principal Balance 562,944.46 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 2 Apr-05 0.000%
Original Principal Balance 563,750.00 May-05 0.000%
Current Principal Balance 562,944.46 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.385%
Sep-05 0.000%
Oct-05 0.475%
*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>
GRP I SUBGRP I 0142561299 Sep-2005 01-Apr-2005 CA 54.90 133,400.00
GRP I SUBGRP I 0142845585 Oct-2005 01-May-2005 IL 67.08 80,500.00
GRP I SUB GRP II 0139739981 Oct-2005 01-Sep-2004 NC 90.00 67,500.00
GRP I SUB GRP II 0141445759 Oct-2005 01-Jan-2005 CT 80.00 181,600.00
GRP I SUB GRP II 0142174036 Oct-2005 01-Mar-2005 NJ 60.00 157,800.00
GRP I SUB GRP II 0142582451 Oct-2005 01-Mar-2005 NJ 64.80 162,000.00
GRP I SUB GRP II 0143091189 Oct-2005 01-Apr-2005 TX 90.00 128,700.00
GRP I SUB GRP II 0143237329 Oct-2005 01-May-2005 NY 90.00 72,000.00
GRP I SUB GRP II 0143450765 Oct-2005 01-May-2005 MA 75.00 213,750.00
GRP II SUB GRP II 0143411916 Oct-2005 01-May-2005 MD 85.00 233,750.00
GRP II SUB GRP II 0143520138 Oct-2005 01-May-2005 FL 100.00 330,000.00
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>
GRP I SUBGRP I 0142561299 133,133.74 01-May-2005 3 6.000% 1,825.03
GRP I SUBGRP I 0142845585 80,328.47 01-Jun-2005 2 6.500% 1,202.70
GRP I SUB GRP II 0139739981 67,046.33 01-Jun-2005 2 8.150% 1,280.45
GRP I SUB GRP II 0141445759 180,991.55 01-Jun-2005 2 8.990% 3,837.10
GRP I SUB GRP II 0142174036 157,413.50 01-Jun-2005 2 8.500% 3,144.31
GRP I SUB GRP II 0142582451 161,397.92 01-Jun-2005 2 6.400% 2,376.11
GRP I SUB GRP II 0143091189 128,445.71 01-Jun-2005 2 8.125% 2,445.21
GRP I SUB GRP II 0143237329 71,892.79 01-Jun-2005 2 7.500% 1,256.22
GRP I SUB GRP II 0143450765 213,454.82 01-Jun-2005 2 7.875% 3,930.05
GRP II SUB GRP II 0143411916 233,557.39 01-Jun-2005 2 10.375% 5,761.13
GRP II SUB GRP II 0143520138 329,387.07 01-Jun-2005 2 6.375% 4,828.76
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.595086%
Weighted Average Net Coupon 6.095086%
Weighted Average Pass-Through Rate 6.072586%
Weighted Average Maturity(Stepdown Calculation) 344
Beginning Scheduled Collateral Loan Count 3,214
Number Of Loans Paid In Full 62
Ending Scheduled Collateral Loan Count 3,152
Beginning Scheduled Collateral Balance 527,924,005.24
Ending Scheduled Collateral Balance 514,562,052.62
Ending Actual Collateral Balance at 30-Sep-2005 515,024,478.91
Monthly P&I Constant 3,424,809.18
Special Servicing Fee 0.00
Prepayment Penalties 132,650.59
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 523,389.19
Unscheduled Principal 12,838,563.43
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 9,667,788.63
Overcollateralized Amount 9,667,788.63
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Miscellaneous Reporting
Required Overcolateralization Amount 9,667,788.63
Overcollateralization Amount 9,667,788.63
Overcollateralization Increase Amount 0.00
Overcollateralization Reduction Amount 0.00
Credit Enhancement Percentage 0.673000%
Group Level Collateral Statement
Group GRP I SUBGRP I GRP I SUB GRP II GRP II SUB GRP I
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.684405 6.757843 6.407411
Weighted Average Net Rate 6.184405 6.257843 5.907411
Weighted Average Maturity 307 354 309
Beginning Loan Count 530 2,119 172
Loans Paid In Full 5 42 0
Ending Loan Count 525 2,077 172
Beginning Scheduled Balance 77,518,869.43 295,492,146.46 32,284,009.33
Ending Scheduled Balance 76,329,439.48 287,598,064.66 32,243,888.44
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 525,864.60 1,932,902.62 208,725.77
Scheduled Principal 94,058.33 268,828.10 36,345.01
Unscheduled Principal 1,095,371.62 7,625,253.70 3,775.88
Scheduled Interest 431,806.27 1,664,074.52 172,380.76
Servicing Fees 32,299.53 123,121.73 13,451.67
Master Servicing Fees 484.49 1,846.83 201.78
Trustee Fee 0.00 0.00 0.00
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 968.99 3,693.65 403.55
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 398,053.26 1,535,412.31 158,323.76
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 6.161905 6.235343 5.884911
Group Level Collateral Statement
Group GRP II SUB GRP II Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.195845 6.595086
Weighted Average Net Rate 5.695845 6.095086
Weighted Average Maturity 353 344
Beginning Loan Count 393 3,214
Loans Paid In Full 15 62
Ending Loan Count 378 3,152
Beginning Scheduled Balance 122,628,980.02 527,924,005.24
Ending scheduled Balance 118,390,660.04 514,562,052.62
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 757,316.19 3,424,809.18
Scheduled Principal 124,157.75 523,389.19
Unscheduled Principal 4,114,162.23 12,838,563.43
Scheduled Interest 633,158.44 2,901,419.99
Servicing Fees 51,095.41 219,968.34
Master Servicing Fees 766.43 3,299.53
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 1,532.86 6,599.05
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 579,763.74 2,671,553.07
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 5.673345 6.072586
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>
GRP I SUBGRP I 5 1,095,250.00 1,087,085.90 0 0.00 0.00
GRP I SUB GRP II 42 7,652,870.00 7,611,993.94 0 0.00 0.00
GRP II SUB GRP I 0 0.00 0.00 0 0.00 0.00
GRP II SUB GRP II 15 4,154,006.00 4,116,182.44 0 0.00 0.00
Total 62 12,902,126.00 12,815,262.28 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>
GRP I SUBGRP I 0 0.00 0.00 0 0.00 0.00 9,655.41
GRP I SUB GRP II 0 0.00 0.00 0 0.00 0.00 19,802.31
GRP II SUB GRP I 0 0.00 0.00 0 0.00 0.00 3,775.88
GRP II SUB GRP II 0 0.00 0.00 0 0.00 0.00 2,313.62
Total 0 0.00 0.00 0 0.00 0.00 35,547.22
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>
GRP I SUBGRP I 0142945427 IL 57.23 01-May-2005 190,000.00 189,004.55
GRP I SUBGRP I 0143133684 MD 75.00 01-Mar-2005 273,750.00 268,827.85
GRP I SUBGRP I 0143412658 CA 80.00 01-May-2005 284,000.00 282,199.44
GRP I SUBGRP I 0143459006 VA 75.00 01-Apr-2005 198,750.00 197,772.51
GRP I SUBGRP I 0143495919 VA 85.00 01-May-2005 148,750.00 147,911.86
GRP I SUB GRP II 0137244471 MN 83.33 01-Jul-2004 100,000.00 98,629.56
GRP I SUB GRP II 0137801882 FL 89.83 01-Jul-2004 212,000.00 208,487.20
GRP I SUB GRP II 0141285197 IA 65.88 01-Jan-2005 105,400.00 104,190.14
GRP I SUB GRP II 0141613778 NJ 76.98 01-Mar-2005 250,200.00 248,954.41
GRP I SUB GRP II 0142138577 MD 72.18 01-Mar-2005 275,000.00 273,887.41
GRP I SUB GRP II 0142293067 CA 41.41 01-Mar-2005 176,000.00 173,897.40
GRP I SUB GRP II 0142340462 WI 75.76 01-May-2005 50,000.00 49,815.00
GRP I SUB GRP II 0142380393 WI 80.00 01-Mar-2005 178,400.00 177,659.27
GRP I SUB GRP II 0142416676 FL 78.95 01-Apr-2005 150,000.00 149,122.37
GRP I SUB GRP II 0142431295 DC 80.00 01-Mar-2005 117,600.00 116,793.56
GRP I SUB GRP II 0142445683 WI 90.00 01-Apr-2005 128,070.00 127,379.34
GRP I SUB GRP II 0142535418 FL 85.00 01-Mar-2005 182,750.00 181,720.47
GRP I SUB GRP II 0142541184 FL 81.28 01-Apr-2005 158,500.00 157,404.93
GRP I SUB GRP II 0142545821 MD 95.00 01-Mar-2005 172,900.00 171,797.83
GRP I SUB GRP II 0142601251 MO 44.78 01-Apr-2005 30,000.00 29,907.73
GRP I SUB GRP II 0142603174 NY 67.81 01-May-2005 217,000.00 215,718.25
GRP I SUB GRP II 0142816776 NJ 75.76 01-Apr-2005 223,500.00 222,661.28
GRP I SUB GRP II 0142843309 NJ 89.17 01-May-2005 193,500.00 192,476.40
GRP I SUB GRP II 0142887629 WI 78.40 01-Mar-2005 78,400.00 77,581.88
GRP I SUB GRP II 0142888353 WI 26.92 01-Mar-2005 35,000.00 34,765.31
GRP I SUB GRP II 0142890367 IL 89.80 01-Feb-2005 229,000.00 227,150.00
GRP I SUB GRP II 0142939032 NJ 68.85 01-May-2005 179,000.00 178,062.16
GRP I SUB GRP II 0142941574 MN 71.52 01-May-2005 329,000.00 327,719.40
GRP I SUB GRP II 0143019073 CA 75.00 01-May-2005 191,250.00 190,384.95
GRP I SUB GRP II 0143021418 GA 80.00 01-Apr-2005 320,000.00 318,419.91
GRP I SUB GRP II 0143038677 PA 75.00 01-May-2005 146,250.00 145,357.04
GRP I SUB GRP II 0143059442 NJ 90.00 01-May-2005 236,700.00 235,628.74
GRP I SUB GRP II 0143105344 MI 80.00 01-Apr-2005 100,800.00 99,998.65
GRP I SUB GRP II 0143128981 DC 65.10 01-May-2005 250,000.00 248,690.88
GRP I SUB GRP II 0143208239 IL 90.00 01-Apr-2005 135,000.00 134,211.69
GRP I SUB GRP II 0143210177 DC 80.00 01-May-2005 252,000.00 250,502.05
GRP I SUB GRP II 0143213627 CA 64.53 01-May-2005 242,000.00 240,156.35
GRP I SUB GRP II 0143227866 CA 90.00 01-May-2005 331,200.00 329,177.80
GRP I SUB GRP II 0143236255 MD 66.47 01-May-2005 156,200.00 155,246.24
GRP I SUB GRP II 0143263218 FL 82.33 01-May-2005 191,000.00 189,789.04
GRP I SUB GRP II 0143265478 AZ 80.00 01-May-2005 164,000.00 162,998.66
GRP I SUB GRP II 0143306769 IA 100.00 01-May-2005 117,000.00 116,470.43
GRP I SUB GRP II 0143366466 WA 85.00 01-May-2005 280,500.00 278,802.24
GRP I SUB GRP II 0143380327 NJ 80.00 01-May-2005 164,000.00 163,040.49
GRP I SUB GRP II 0143408987 SC 63.91 01-May-2005 294,000.00 292,702.77
GRP I SUB GRP II 0143432854 FL 79.35 01-Apr-2005 127,750.00 127,073.74
GRP I SUB GRP II 0143501849 VA 67.41 01-May-2005 182,000.00 181,018.42
GRP II SUB GRP II 0135501328 CA 80.00 01-Oct-2004 191,441.00 188,639.97
GRP II SUB GRP II 0139385561 CA 56.25 01-Nov-2004 450,000.00 443,509.04
GRP II SUB GRP II 0139838213 CA 80.00 01-Nov-2004 224,588.00 221,624.06
GRP II SUB GRP II 0139940845 MN 80.00 01-Oct-2004 275,920.00 271,790.74
GRP II SUB GRP II 0139972285 CA 80.00 01-Nov-2004 422,400.00 417,164.24
GRP II SUB GRP II 0140153602 CA 80.00 01-Nov-2004 224,792.00 221,898.35
GRP II SUB GRP II 0141517961 MD 80.00 01-Jan-2005 209,985.00 207,896.16
GRP II SUB GRP II 0141565663 VA 80.00 01-Jan-2005 223,960.00 221,835.39
GRP II SUB GRP II 0141969493 MD 80.00 01-Mar-2005 205,600.00 203,095.37
GRP II SUB GRP II 0142542588 MA 78.67 01-Feb-2005 413,000.00 409,646.48
GRP II SUB GRP II 0142884097 WI 80.00 01-Mar-2005 217,520.00 215,529.80
GRP II SUB GRP II 0143154086 IL 88.60 01-May-2005 342,000.00 340,154.97
GRP II SUB GRP II 0143192128 AZ 80.00 01-May-2005 212,800.00 212,142.45
GRP II SUB GRP II 0143321438 CA 59.02 01-May-2005 180,000.00 178,900.93
GRP II SUB GRP II 0143325926 IL 86.75 01-May-2005 360,000.00 358,020.66
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>
GRP I SUBGRP I 0142945427 Loan Paid in Full 0 6.750% 360 5
GRP I SUBGRP I 0143133684 Loan Paid in Full 0 6.000% 240 7
GRP I SUBGRP I 0143412658 Loan Paid in Full 0 5.750% 360 5
GRP I SUBGRP I 0143459006 Loan Paid in Full 0 7.875% 360 6
GRP I SUBGRP I 0143495919 Loan Paid in Full 0 6.375% 360 5
GRP I SUB GRP II 0137244471 Loan Paid in Full 0 7.000% 360 15
GRP I SUB GRP II 0137801882 Loan Paid in Full 0 5.990% 360 15
GRP I SUB GRP II 0141285197 Loan Paid in Full 0 6.950% 360 9
GRP I SUB GRP II 0141613778 Loan Paid in Full 0 8.490% 360 7
GRP I SUB GRP II 0142138577 Loan Paid in Full 0 9.500% 360 7
GRP I SUB GRP II 0142293067 Loan Paid in Full 0 4.750% 360 7
GRP I SUB GRP II 0142340462 Loan Paid in Full (1) 8.500% 360 5
GRP I SUB GRP II 0142380393 Loan Paid in Full 0 9.375% 360 7
GRP I SUB GRP II 0142416676 Loan Paid in Full 0 6.990% 360 6
GRP I SUB GRP II 0142431295 Loan Paid in Full 0 6.875% 360 7
GRP I SUB GRP II 0142445683 Loan Paid in Full 0 7.750% 360 6
GRP I SUB GRP II 0142535418 Loan Paid in Full 0 7.875% 360 7
GRP I SUB GRP II 0142541184 Loan Paid in Full 0 6.125% 360 6
GRP I SUB GRP II 0142545821 Loan Paid in Full 0 7.250% 360 7
GRP I SUB GRP II 0142601251 Loan Paid in Full 0 10.150% 360 6
GRP I SUB GRP II 0142603174 Loan Paid in Full 0 6.125% 360 5
GRP I SUB GRP II 0142816776 Loan Paid in Full 0 9.200% 360 6
GRP I SUB GRP II 0142843309 Loan Paid in Full 0 6.700% 360 5
GRP I SUB GRP II 0142887629 Loan Paid in Full (1) 5.825% 360 7
GRP I SUB GRP II 0142888353 Loan Paid in Full 0 6.990% 360 7
GRP I SUB GRP II 0142890367 Loan Paid in Full 0 6.875% 360 8
GRP I SUB GRP II 0142939032 Loan Paid in Full 0 6.750% 360 5
GRP I SUB GRP II 0142941574 Loan Paid in Full 0 8.250% 360 5
GRP I SUB GRP II 0143019073 Loan Paid in Full 0 7.500% 360 5
GRP I SUB GRP II 0143021418 Loan Paid in Full 0 7.850% 360 6
GRP I SUB GRP II 0143038677 Loan Paid in Full 0 5.950% 360 5
GRP I SUB GRP II 0143059442 Loan Paid in Full 0 7.500% 360 5
GRP I SUB GRP II 0143105344 Loan Paid in Full 0 5.375% 360 6
GRP I SUB GRP II 0143128981 Loan Paid in Full 0 6.875% 360 5
GRP I SUB GRP II 0143208239 Loan Paid in Full 0 7.000% 360 6
GRP I SUB GRP II 0143210177 Loan Paid in Full (1) 6.250% 360 5
GRP I SUB GRP II 0143213627 Loan Paid in Full 0 6.500% 360 5
GRP I SUB GRP II 0143227866 Loan Paid in Full 0 5.950% 360 5
GRP I SUB GRP II 0143236255 Loan Paid in Full 0 5.950% 360 5
GRP I SUB GRP II 0143263218 Loan Paid in Full 0 5.750% 360 5
GRP I SUB GRP II 0143265478 Loan Paid in Full 0 5.950% 360 5
GRP I SUB GRP II 0143306769 Loan Paid in Full 0 7.500% 360 5
GRP I SUB GRP II 0143366466 Loan Paid in Full 0 6.500% 360 5
GRP I SUB GRP II 0143380327 Loan Paid in Full 0 6.175% 360 5
GRP I SUB GRP II 0143408987 Loan Paid in Full 0 7.625% 360 5
GRP I SUB GRP II 0143432854 Loan Paid in Full 0 7.500% 360 6
GRP I SUB GRP II 0143501849 Loan Paid in Full 0 6.600% 360 5
GRP II SUB GRP II 0135501328 Loan Paid in Full 0 5.500% 360 12
GRP II SUB GRP II 0139385561 Loan Paid in Full (1) 5.125% 360 11
GRP II SUB GRP II 0139838213 Loan Paid in Full 0 5.625% 360 11
GRP II SUB GRP II 0139940845 Loan Paid in Full 0 5.375% 360 12
GRP II SUB GRP II 0139972285 Loan Paid in Full 0 5.950% 360 11
GRP II SUB GRP II 0140153602 Loan Paid in Full 0 5.875% 360 11
GRP II SUB GRP II 0141517961 Loan Paid in Full 0 6.125% 360 9
GRP II SUB GRP II 0141565663 Loan Paid in Full 0 6.375% 360 9
GRP II SUB GRP II 0141969493 Loan Paid in Full 0 3.750% 360 7
GRP II SUB GRP II 0142542588 Loan Paid in Full 0 6.625% 360 8
GRP II SUB GRP II 0142884097 Loan Paid in Full (1) 6.125% 360 7
GRP II SUB GRP II 0143154086 Loan Paid in Full 0 6.650% 360 5
GRP II SUB GRP II 0143192128 Loan Paid in Full 0 9.375% 360 5
GRP II SUB GRP II 0143321438 Loan Paid in Full (1) 5.950% 360 5
GRP II SUB GRP II 0143325926 Loan Paid in Full 0 6.500% 360 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.434% Current Month 25.601% Current Month 2,048.483%
3 Month Average 3.171% 3 Month Average 30.879% 3 Month Average 2,938.863%
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 18.443% N/A Aug-2005 2,152.729% N/A
Sep-2005 48.592% N/A Sep-2005 4,615.379% N/A
Oct-2005 25.601% N/A Oct-2005 2,048.483% 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.
GRP I SUBGRP I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.415% Current Month 15.716% Current Month 1,290.756%
3 Month Average 1.474% 3 Month Average 15.917% 3 Month Average 1,524.063%
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 5.486% N/A Aug-2005 669.714% N/A
Sep-2005 26.548% N/A Sep-2005 2,611.718% N/A
Oct-2005 15.716% N/A Oct-2005 1,290.756% 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.
GRP I SUB GRP II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.583% Current Month 26.949% Current Month 2,222.911%
3 Month Average 3.428% 3 Month Average 32.326% 3 Month Average 3,173.829%
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 16.157% N/A Aug-2005 1,978.436% N/A
Sep-2005 53.872% N/A Sep-2005 5,320.141% N/A
Oct-2005 26.949% N/A Oct-2005 2,222.911% 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.
GRP II SUB GRP I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.012% Current Month 0.140% Current Month 10.557%
3 Month Average 1.066% 3 Month Average 11.457% 3 Month Average 1,063.360%
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 8.434% N/A Aug-2005 896.941% N/A
Sep-2005 25.796% N/A Sep-2005 2,282.582% N/A
Oct-2005 0.140% N/A Oct-2005 10.557% 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.
GRP II SUB GRP II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.358% Current Month 33.630% Current Month 2,510.622%
3 Month Average 4.122% 3 Month Average 39.046% 3 Month Average 3,444.033%
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 32.167% N/A Aug-2005 3,366.211% N/A
Sep-2005 51.341% N/A Sep-2005 4,455.266% N/A
Oct-2005 33.630% N/A Oct-2005 2,510.622% 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>
GRP I SUBGRP I 0 0.00 0.00 0.000%
GRP I SUB GRP II 0 0.00 0.00 0.000%
GRP II SUB GRP I 0 0.00 0.00 0.000%
GRP II SUB GRP II 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 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP I SUBGRP I
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 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP I SUB GRP II
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 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP II SUB GRP I
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 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP II SUB GRP II
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 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>