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-HE2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-119047-07
Pooling and Servicing Agreement) (Commission 54-2169417
(State or other File Number) 54-2169418
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 ACE SECURITIES CORP.
HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-HE2 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-HE2 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-HE2 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 10/28/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-HE2 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-HE2
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 004421LY7 SEN 4.05000% 557,307,570.89 1,818,215.95
A-2A 004421LZ4 SEN 3.92000% 99,655,422.67 314,689.68
A-2B 004421MA8 SEN 4.03000% 69,647,000.00 226,101.25
A-2C 004421MB6 SEN 4.14000% 39,120,000.00 130,465.20
M-1 004421MC4 MEZ 4.27000% 70,729,000.00 243,288.11
M-2 004421MD2 MEZ 4.28000% 39,023,000.00 134,542.63
M-3 004421ME0 MEZ 4.31000% 23,780,000.00 82,562.84
M-4 004421MF7 MEZ 4.47000% 21,341,000.00 76,845.38
M-5 004421MG5 MEZ 4.51000% 20,731,000.00 75,316.87
M-6 004421MH3 MEZ 4.58000% 18,292,000.00 67,487.32
M-7 004421MJ9 MEZ 5.06000% 15,243,000.00 62,132.16
M-8 004421MK6 MEZ 5.20000% 15,243,000.00 63,851.23
M-9 004421ML4 MEZ 5.81000% 12,195,000.00 57,075.99
M-10 004421MM2 MEZ 7.08000% 12,195,000.00 69,552.15
B-1 004421MN0 SUB 7.08000% 16,463,000.00 93,893.98
B-2 004421MP5 SUB 7.08000% 7,317,000.00 41,731.29
CE ACE05H2CE SUB 0.00000% 7,316,781.97 2,035,954.28
P ACE05HE2P SEN 0.00000% 100.00 848,223.25
R ACE05H2R1 SUB 0.00000% 0.00 0.00
Totals 1,045,598,875.53 6,441,929.56
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 26,439,032.46 0.00 530,868,538.43 28,257,248.41 0.00
A-2A 10,527,429.90 0.00 89,127,992.76 10,842,119.58 0.00
A-2B 0.00 0.00 69,647,000.00 226,101.25 0.00
A-2C 0.00 0.00 39,120,000.00 130,465.20 0.00
M-1 0.00 0.00 70,729,000.00 243,288.11 0.00
M-2 0.00 0.00 39,023,000.00 134,542.63 0.00
M-3 0.00 0.00 23,780,000.00 82,562.84 0.00
M-4 0.00 0.00 21,341,000.00 76,845.38 0.00
M-5 0.00 0.00 20,731,000.00 75,316.87 0.00
M-6 0.00 0.00 18,292,000.00 67,487.32 0.00
M-7 0.00 0.00 15,243,000.00 62,132.16 0.00
M-8 0.00 0.00 15,243,000.00 63,851.23 0.00
M-9 0.00 0.00 12,195,000.00 57,075.99 0.00
M-10 0.00 0.00 12,195,000.00 69,552.15 0.00
B-1 0.00 0.00 16,463,000.00 93,893.98 0.00
B-2 0.00 0.00 7,317,000.00 41,731.29 0.00
CE 0.00 0.00 7,316,781.97 2,035,954.28 0.00
P 0.00 0.00 100.00 848,223.25 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 36,966,462.36 0.00 1,008,632,413.16 43,408,391.92 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-1 680,337,000.00 557,307,570.89 0.00 26,439,032.46 0.00 0.00
A-2A 150,490,000.00 99,655,422.67 0.00 10,527,429.90 0.00 0.00
A-2B 69,647,000.00 69,647,000.00 0.00 0.00 0.00 0.00
A-2C 39,120,000.00 39,120,000.00 0.00 0.00 0.00 0.00
M-1 70,729,000.00 70,729,000.00 0.00 0.00 0.00 0.00
M-2 39,023,000.00 39,023,000.00 0.00 0.00 0.00 0.00
M-3 23,780,000.00 23,780,000.00 0.00 0.00 0.00 0.00
M-4 21,341,000.00 21,341,000.00 0.00 0.00 0.00 0.00
M-5 20,731,000.00 20,731,000.00 0.00 0.00 0.00 0.00
M-6 18,292,000.00 18,292,000.00 0.00 0.00 0.00 0.00
M-7 15,243,000.00 15,243,000.00 0.00 0.00 0.00 0.00
M-8 15,243,000.00 15,243,000.00 0.00 0.00 0.00 0.00
M-9 12,195,000.00 12,195,000.00 0.00 0.00 0.00 0.00
M-10 12,195,000.00 12,195,000.00 0.00 0.00 0.00 0.00
B-1 16,463,000.00 16,463,000.00 0.00 0.00 0.00 0.00
B-2 7,317,000.00 7,317,000.00 0.00 0.00 0.00 0.00
CE 7,317,562.49 7,316,781.97 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 1,219,463,662.49 1,045,598,875.53 0.00 36,966,462.36 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 26,439,032.46 530,868,538.43 0.78030232 26,439,032.46
A-2A 10,527,429.90 89,127,992.76 0.59225193 10,527,429.90
A-2B 0.00 69,647,000.00 1.00000000 0.00
A-2C 0.00 39,120,000.00 1.00000000 0.00
M-1 0.00 70,729,000.00 1.00000000 0.00
M-2 0.00 39,023,000.00 1.00000000 0.00
M-3 0.00 23,780,000.00 1.00000000 0.00
M-4 0.00 21,341,000.00 1.00000000 0.00
M-5 0.00 20,731,000.00 1.00000000 0.00
M-6 0.00 18,292,000.00 1.00000000 0.00
M-7 0.00 15,243,000.00 1.00000000 0.00
M-8 0.00 15,243,000.00 1.00000000 0.00
M-9 0.00 12,195,000.00 1.00000000 0.00
M-10 0.00 12,195,000.00 1.00000000 0.00
B-1 0.00 16,463,000.00 1.00000000 0.00
B-2 0.00 7,317,000.00 1.00000000 0.00
CE 0.00 7,316,781.97 0.99989334 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 36,966,462.36 1,008,632,413.16 0.82711150 36,966,462.36
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-1 680,337,000.00 819.16398916 0.00000000 38.86167070 0.00000000
A-2A 150,490,000.00 662.20627729 0.00000000 69.95434846 0.00000000
A-2B 69,647,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 39,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 70,729,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 39,023,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 23,780,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 21,341,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 20,731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 18,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 15,243,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 15,243,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 12,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 12,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 16,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 7,317,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 7,317,562.49 999.89333607 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 38.86167070 780.30231845 0.78030232 38.86167070
A-2A 0.00000000 69.95434846 592.25192877 0.59225193 69.95434846
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
B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.89333607 0.99989334 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-1 680,337,000.00 4.05000% 557,307,570.89 1,818,215.95 0.00 0.00
A-2A 150,490,000.00 3.92000% 99,655,422.67 314,689.68 0.00 0.00
A-2B 69,647,000.00 4.03000% 69,647,000.00 226,101.25 0.00 0.00
A-2C 39,120,000.00 4.14000% 39,120,000.00 130,465.20 0.00 0.00
M-1 70,729,000.00 4.27000% 70,729,000.00 243,288.11 0.00 0.00
M-2 39,023,000.00 4.28000% 39,023,000.00 134,542.63 0.00 0.00
M-3 23,780,000.00 4.31000% 23,780,000.00 82,562.84 0.00 0.00
M-4 21,341,000.00 4.47000% 21,341,000.00 76,845.38 0.00 0.00
M-5 20,731,000.00 4.51000% 20,731,000.00 75,316.87 0.00 0.00
M-6 18,292,000.00 4.58000% 18,292,000.00 67,487.32 0.00 0.00
M-7 15,243,000.00 5.06000% 15,243,000.00 62,132.16 0.00 0.00
M-8 15,243,000.00 5.20000% 15,243,000.00 63,851.23 0.00 0.00
M-9 12,195,000.00 5.81000% 12,195,000.00 57,075.99 0.00 0.00
M-10 12,195,000.00 7.08000% 12,195,000.00 69,552.15 0.00 0.00
B-1 16,463,000.00 7.08000% 16,463,000.00 93,893.98 0.00 0.00
B-2 7,317,000.00 7.08000% 7,317,000.00 41,731.29 0.00 0.00
CE 7,317,562.49 0.00000% 1,045,598,875.53 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 1,219,463,662.49 3,557,752.03 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 1,818,215.95 0.00 530,868,538.43
A-2A 0.00 0.00 314,689.68 0.00 89,127,992.76
A-2B 0.00 0.00 226,101.25 0.00 69,647,000.00
A-2C 0.00 0.00 130,465.20 0.00 39,120,000.00
M-1 0.00 0.00 243,288.11 0.00 70,729,000.00
M-2 0.00 0.00 134,542.63 0.00 39,023,000.00
M-3 0.00 0.00 82,562.84 0.00 23,780,000.00
M-4 0.00 0.00 76,845.38 0.00 21,341,000.00
M-5 0.00 0.00 75,316.87 0.00 20,731,000.00
M-6 0.00 0.00 67,487.32 0.00 18,292,000.00
M-7 0.00 0.00 62,132.16 0.00 15,243,000.00
M-8 0.00 0.00 63,851.23 0.00 15,243,000.00
M-9 0.00 0.00 57,075.99 0.00 12,195,000.00
M-10 0.00 0.00 69,552.15 0.00 12,195,000.00
B-1 0.00 0.00 93,893.98 0.00 16,463,000.00
B-2 0.00 0.00 41,731.29 0.00 7,317,000.00
CE 0.00 0.00 2,035,954.28 0.00 1,008,632,413.17
P 0.00 0.00 848,223.25 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,441,929.56 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-1 680,337,000.00 4.05000% 819.16398916 2.67252251 0.00000000 0.00000000
A-2A 150,490,000.00 3.92000% 662.20627729 2.09110027 0.00000000 0.00000000
A-2B 69,647,000.00 4.03000% 1000.00000000 3.24638893 0.00000000 0.00000000
A-2C 39,120,000.00 4.14000% 1000.00000000 3.33500000 0.00000000 0.00000000
M-1 70,729,000.00 4.27000% 1000.00000000 3.43972218 0.00000000 0.00000000
M-2 39,023,000.00 4.28000% 1000.00000000 3.44777772 0.00000000 0.00000000
M-3 23,780,000.00 4.31000% 1000.00000000 3.47194449 0.00000000 0.00000000
M-4 21,341,000.00 4.47000% 1000.00000000 3.60083314 0.00000000 0.00000000
M-5 20,731,000.00 4.51000% 1000.00000000 3.63305533 0.00000000 0.00000000
M-6 18,292,000.00 4.58000% 1000.00000000 3.68944457 0.00000000 0.00000000
M-7 15,243,000.00 5.06000% 1000.00000000 4.07611100 0.00000000 0.00000000
M-8 15,243,000.00 5.20000% 1000.00000000 4.18888867 0.00000000 0.00000000
M-9 12,195,000.00 5.81000% 1000.00000000 4.68027798 0.00000000 0.00000000
M-10 12,195,000.00 7.08000% 1000.00000000 5.70333333 0.00000000 0.00000000
B-1 16,463,000.00 7.08000% 1000.00000000 5.70333354 0.00000000 0.00000000
B-2 7,317,000.00 7.08000% 1000.00000000 5.70333333 0.00000000 0.00000000
CE 7,317,562.49 0.00000% 142888.95748535 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 2.67252251 0.00000000 780.30231845
A-2A 0.00000000 0.00000000 2.09110027 0.00000000 592.25192877
A-2B 0.00000000 0.00000000 3.24638893 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.33500000 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.43972218 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.44777772 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.47194449 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.60083314 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.63305533 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.68944457 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.07611100 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.18888867 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.68027798 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 5.70333333 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.70333354 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 5.70333333 0.00000000 1000.00000000
CE 0.00000000 0.00000000 278.22847878 0.00000000 137837.21212472
P 0.00000000 0.00000000 8482232.50000000 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 43,097,508.10
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 573,646.48
Realized Loss (Gains, Subsequent Expenses & Recoveries) (115,243.56)
Prepayment Penalties 848,223.25
Total Deposits 44,404,134.27
Withdrawals
Reimbursement for Servicer Advances 531,757.84
Payment of Service Fee 463,984.50
Payment of Interest and Principal 43,408,391.93
Total Withdrawals (Pool Distribution Amount) 44,404,134.27
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 435,666.19
Credit Risk Manager Fee - The Murrayhill Company 12,198.65
Master Servicing Fee Wells Fargo 16,119.66
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 463,984.50
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 8,754.47 8,754.47 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 17 0 0 17
2,078,778.08 0.00 0.00 2,078,778.08
30 Days 192 0 0 0 192
32,821,378.77 0.00 0.00 0.00 32,821,378.77
60 Days 106 0 1 0 107
20,232,077.42 0.00 123,200.00 0.00 20,355,277.42
90 Days 96 0 3 0 99
14,209,624.13 0.00 864,800.00 0.00 15,074,424.13
120 Days 53 1 1 0 55
8,496,661.28 143,601.63 324,000.00 0.00 8,964,262.91
150 Days 32 0 2 0 34
5,262,804.52 0.00 209,142.34 0.00 5,471,946.86
180+ Days 22 1 1 0 24
4,418,606.93 15,958.86 7,000.00 0.00 4,441,565.79
Totals 501 19 8 0 528
85,441,153.05 2,238,338.57 1,528,142.34 0.00 89,207,633.96
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 0.306748% 0.000000% 0.000000% 0.306748%
0.205929% 0.000000% 0.000000% 0.205929%
30 Days 3.464453% 0.000000% 0.000000% 0.000000% 3.464453%
3.251362% 0.000000% 0.000000% 0.000000% 3.251362%
60 Days 1.912667% 0.000000% 0.018044% 0.000000% 1.930711%
2.004237% 0.000000% 0.012204% 0.000000% 2.016441%
90 Days 1.732227% 0.000000% 0.054132% 0.000000% 1.786359%
1.407638% 0.000000% 0.085669% 0.000000% 1.493307%
120 Days 0.956333% 0.018044% 0.018044% 0.000000% 0.992422%
0.841699% 0.014226% 0.032096% 0.000000% 0.888021%
150 Days 0.577409% 0.000000% 0.036088% 0.000000% 0.613497%
0.521346% 0.000000% 0.020718% 0.000000% 0.542064%
180+ Days 0.396969% 0.018044% 0.018044% 0.000000% 0.433057%
0.437717% 0.001581% 0.000693% 0.000000% 0.439992%
Totals 9.040058% 0.342837% 0.144352% 0.000000% 9.527246%
8.463999% 0.221735% 0.151381% 0.000000% 8.837115%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 Sub Grp 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 7 0 0 7
285,314.15 0.00 0.00 285,314.15
30 Days 43 0 0 0 43
2,590,946.68 0.00 0.00 0.00 2,590,946.68
60 Days 16 0 0 0 16
749,934.74 0.00 0.00 0.00 749,934.74
90 Days 20 0 0 0 20
809,040.09 0.00 0.00 0.00 809,040.09
120 Days 8 0 0 0 8
207,188.59 0.00 0.00 0.00 207,188.59
150 Days 3 0 1 0 4
143,356.49 0.00 49,249.92 0.00 192,606.41
180+ Days 4 1 1 0 6
216,964.68 15,958.86 7,000.00 0.00 239,923.54
Totals 94 8 2 0 104
4,717,431.27 301,273.01 56,249.92 0.00 5,074,954.20
0-29 Days 0.496454% 0.000000% 0.000000% 0.496454%
0.253087% 0.000000% 0.000000% 0.253087%
30 Days 3.049645% 0.000000% 0.000000% 0.000000% 3.049645%
2.298288% 0.000000% 0.000000% 0.000000% 2.298288%
60 Days 1.134752% 0.000000% 0.000000% 0.000000% 1.134752%
0.665226% 0.000000% 0.000000% 0.000000% 0.665226%
90 Days 1.418440% 0.000000% 0.000000% 0.000000% 1.418440%
0.717655% 0.000000% 0.000000% 0.000000% 0.717655%
120 Days 0.567376% 0.000000% 0.000000% 0.000000% 0.567376%
0.183786% 0.000000% 0.000000% 0.000000% 0.183786%
150 Days 0.212766% 0.000000% 0.070922% 0.000000% 0.283688%
0.127164% 0.000000% 0.043687% 0.000000% 0.170851%
180+ Days 0.283688% 0.070922% 0.070922% 0.000000% 0.425532%
0.192458% 0.014156% 0.006209% 0.000000% 0.212823%
Totals 6.666667% 0.567376% 0.141844% 0.000000% 7.375887%
4.184576% 0.267243% 0.049896% 0.000000% 4.501715%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 Sub Grp 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 8 0 0 8
1,209,161.09 0.00 0.00 1,209,161.09
30 Days 125 0 0 0 125
21,782,861.71 0.00 0.00 0.00 21,782,861.71
60 Days 76 0 1 0 77
14,028,843.29 0.00 123,200.00 0.00 14,152,043.29
90 Days 65 0 2 0 67
10,237,382.29 0.00 504,800.00 0.00 10,742,182.29
120 Days 38 1 1 0 40
6,549,735.74 143,601.63 324,000.00 0.00 7,017,337.37
150 Days 24 0 1 0 25
4,074,010.22 0.00 159,892.42 0.00 4,233,902.64
180+ Days 14 0 0 0 14
2,734,952.60 0.00 0.00 0.00 2,734,952.60
Totals 342 9 5 0 356
59,407,785.85 1,352,762.72 1,111,892.42 0.00 61,872,440.99
0-29 Days 0.238663% 0.000000% 0.000000% 0.238663%
0.194590% 0.000000% 0.000000% 0.194590%
30 Days 3.729117% 0.000000% 0.000000% 0.000000% 3.729117%
3.505507% 0.000000% 0.000000% 0.000000% 3.505507%
60 Days 2.267303% 0.000000% 0.029833% 0.000000% 2.297136%
2.257656% 0.000000% 0.019827% 0.000000% 2.277482%
90 Days 1.939141% 0.000000% 0.059666% 0.000000% 1.998807%
1.647498% 0.000000% 0.081237% 0.000000% 1.728735%
120 Days 1.133652% 0.029833% 0.029833% 0.000000% 1.193317%
1.054046% 0.023110% 0.052141% 0.000000% 1.129297%
150 Days 0.715990% 0.000000% 0.029833% 0.000000% 0.745823%
0.655629% 0.000000% 0.025731% 0.000000% 0.681360%
180+ Days 0.417661% 0.000000% 0.000000% 0.000000% 0.417661%
0.440135% 0.000000% 0.000000% 0.000000% 0.440135%
Totals 10.202864% 0.268496% 0.149165% 0.000000% 10.620525%
9.560470% 0.217700% 0.178936% 0.000000% 9.957106%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Sub Grp 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
116,302.84 0.00 0.00 116,302.84
30 Days 8 0 0 0 8
841,194.98 0.00 0.00 0.00 841,194.98
60 Days 5 0 0 0 5
854,668.88 0.00 0.00 0.00 854,668.88
90 Days 5 0 0 0 5
785,019.11 0.00 0.00 0.00 785,019.11
120 Days 4 0 0 0 4
351,645.54 0.00 0.00 0.00 351,645.54
150 Days 3 0 0 0 3
232,536.44 0.00 0.00 0.00 232,536.44
180+ Days 1 0 0 0 1
106,000.00 0.00 0.00 0.00 106,000.00
Totals 26 1 0 0 27
3,171,064.95 116,302.84 0.00 0.00 3,287,367.79
0-29 Days 0.369004% 0.000000% 0.000000% 0.369004%
0.304068% 0.000000% 0.000000% 0.304068%
30 Days 2.952030% 0.000000% 0.000000% 0.000000% 2.952030%
2.199263% 0.000000% 0.000000% 0.000000% 2.199263%
60 Days 1.845018% 0.000000% 0.000000% 0.000000% 1.845018%
2.234490% 0.000000% 0.000000% 0.000000% 2.234490%
90 Days 1.845018% 0.000000% 0.000000% 0.000000% 1.845018%
2.052394% 0.000000% 0.000000% 0.000000% 2.052394%
120 Days 1.476015% 0.000000% 0.000000% 0.000000% 1.476015%
0.919360% 0.000000% 0.000000% 0.000000% 0.919360%
150 Days 1.107011% 0.000000% 0.000000% 0.000000% 1.107011%
0.607955% 0.000000% 0.000000% 0.000000% 0.607955%
180+ Days 0.369004% 0.000000% 0.000000% 0.000000% 0.369004%
0.277132% 0.000000% 0.000000% 0.000000% 0.277132%
Totals 9.594096% 0.369004% 0.000000% 0.000000% 9.963100%
8.290594% 0.304068% 0.000000% 0.000000% 8.594662%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Sub Grp 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
468,000.00 0.00 0.00 468,000.00
30 Days 16 0 0 0 16
7,606,375.40 0.00 0.00 0.00 7,606,375.40
60 Days 9 0 0 0 9
4,598,630.51 0.00 0.00 0.00 4,598,630.51
90 Days 6 0 1 0 7
2,378,182.64 0.00 360,000.00 0.00 2,738,182.64
120 Days 3 0 0 0 3
1,388,091.41 0.00 0.00 0.00 1,388,091.41
150 Days 2 0 0 0 2
812,901.37 0.00 0.00 0.00 812,901.37
180+ Days 3 0 0 0 3
1,360,689.65 0.00 0.00 0.00 1,360,689.65
Totals 39 1 1 0 41
18,144,870.98 468,000.00 360,000.00 0.00 18,972,870.98
0-29 Days 0.196464% 0.000000% 0.000000% 0.196464%
0.197391% 0.000000% 0.000000% 0.197391%
30 Days 3.143418% 0.000000% 0.000000% 0.000000% 3.143418%
3.208182% 0.000000% 0.000000% 0.000000% 3.208182%
60 Days 1.768173% 0.000000% 0.000000% 0.000000% 1.768173%
1.939589% 0.000000% 0.000000% 0.000000% 1.939589%
90 Days 1.178782% 0.000000% 0.196464% 0.000000% 1.375246%
1.003059% 0.000000% 0.151839% 0.000000% 1.154898%
120 Days 0.589391% 0.000000% 0.000000% 0.000000% 0.589391%
0.585463% 0.000000% 0.000000% 0.000000% 0.585463%
150 Days 0.392927% 0.000000% 0.000000% 0.000000% 0.392927%
0.342862% 0.000000% 0.000000% 0.000000% 0.342862%
180+ Days 0.589391% 0.000000% 0.000000% 0.000000% 0.589391%
0.573905% 0.000000% 0.000000% 0.000000% 0.573905%
Totals 7.662083% 0.196464% 0.196464% 0.000000% 8.055010%
7.653060% 0.197391% 0.151839% 0.000000% 8.002290%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 573,646.48
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c> <c>
Class P 1,219,463,562.49 99.99999180% 1,008,632,313.16 99.99999008% 0.000010% 0.000000%
Class CE 1,212,146,000.00 99.39992779% 1,001,315,531.19 99.27457398% 0.725416% 0.000000%
Class B-2 1,204,829,000.00 98.79990992% 993,998,531.19 98.54913626% 0.725438% 0.000000%
Class B-1 1,188,366,000.00 97.44989019% 977,535,531.19 96.91692617% 1.632210% 0.000000%
Class M-4 1,073,126,000.00 87.99983411% 862,295,531.19 85.49155470% 2.115835% 0.000000%
Class M-3 1,049,346,000.00 86.04979650% 838,515,531.19 83.13390689% 2.357648% 0.000000%
Class M-2 1,010,323,000.00 82.84978315% 799,492,531.19 79.26500485% 3.868902% 0.000000%
Class M-1 939,594,000.00 77.04977433% 728,763,531.19 72.25263849% 7.012366% 0.000000%
Class A1-A 0.00 0.00000000% 0.00 0.00000000% 52.632508% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 Sub Grp 1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 Sub Grp 2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 Sub Grp 1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 Sub Grp 2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
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 4 Nov-04 0.000%
Original Principal Balance 1,100,000.00 Dec-04 0.000%
Current Principal Balance 1,100,000.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 8 Apr-05 0.000%
Original Principal Balance 1,530,000.00 May-05 0.000%
Current Principal Balance 1,528,142.34 Jun-05 0.000%
Jul-05 0.001%
Aug-05 0.015%
Sep-05 0.041%
Oct-05 0.151%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 Sub Grp 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 2 Apr-05 0.000%
Original Principal Balance 58,000.00 May-05 0.000%
Current Principal Balance 56,249.92 Jun-05 0.000%
Jul-05 0.006%
Aug-05 0.006%
Sep-05 0.049%
Oct-05 0.050%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 Sub Grp 2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 3 Nov-04 0.000%
Original Principal Balance 740,000.00 Dec-04 0.000%
Current Principal Balance 740,000.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 5 Apr-05 0.000%
Original Principal Balance 1,112,000.00 May-05 0.000%
Current Principal Balance 1,111,892.42 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.024%
Sep-05 0.058%
Oct-05 0.179%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 Sub Grp 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 Sub Grp 2 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 360,000.00 Dec-04 0.000%
Current Principal Balance 360,000.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 1 Apr-05 0.000%
Original Principal Balance 360,000.00 May-05 0.000%
Current Principal Balance 360,000.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.152%
*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>
Group 1 Sub Grp 1 0000173026 Sep-2005 01-Mar-2003 TX 72.34 51,000.00
Group 1 Sub Grp 1 0000430334 Jul-2005 01-Feb-2005 IL 95.00 7,000.00
Group 1 Sub Grp 2 0000424106 Oct-2005 01-Mar-2005 CA 80.00 324,000.00
Group 1 Sub Grp 2 0000425767 Aug-2005 01-Mar-2005 CA 63.87 160,000.00
Group 1 Sub Grp 2 0000425818 Sep-2005 01-Mar-2005 CA 80.00 212,000.00
Group 1 Sub Grp 2 0000425834 Oct-2005 01-Mar-2005 CA 80.00 123,200.00
Group 1 Sub Grp 2 0000433246 Oct-2005 01-Mar-2005 CA 80.00 292,800.00
Group 2 Sub Grp 2 0000433272 Oct-2005 01-Mar-2005 CA 80.00 360,000.00
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>
Group 1 Sub Grp 1 0000173026 49,249.92 01-Mar-2005 5 10.500% 2,859.01
Group 1 Sub Grp 1 0000430334 7,000.00 01-Jan-2005 7 11.250% 429.65
Group 1 Sub Grp 2 0000424106 324,000.00 01-Apr-2005 4 6.125% 9,112.50
Group 1 Sub Grp 2 0000425767 159,892.42 01-Mar-2005 5 7.990% 6,971.61
Group 1 Sub Grp 2 0000425818 212,000.00 01-May-2005 3 6.375% 5,189.60
Group 1 Sub Grp 2 0000425834 123,200.00 01-Jun-2005 2 7.250% 2,772.00
Group 1 Sub Grp 2 0000433246 292,800.00 01-May-2005 3 6.450% 7,259.00
Group 2 Sub Grp 2 0000433272 360,000.00 01-May-2005 3 6.950% 9,675.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.097589%
Weighted Average Net Coupon 6.597589%
Weighted Average Pass-Through Rate 6.565089%
Weighted Average Maturity(Stepdown Calculation) 348
Beginning Scheduled Collateral Loan Count 5,728
Number Of Loans Paid In Full 186
Ending Scheduled Collateral Loan Count 5,542
Beginning Scheduled Collateral Balance 1,045,598,875.53
Ending Scheduled Collateral Balance 1,008,632,413.17
Ending Actual Collateral Balance at 30-Sep-2005 1,009,465,555.35
Monthly P&I Constant 6,847,157.02
Special Servicing Fee 0.00
Prepayment Penalties 848,223.25
Realized Loss Amount 115,243.56
Cumulative Realized Loss 115,243.56
Scheduled Principal 662,797.71
Unscheduled Principal 36,303,664.65
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 109,599.81
Overcollateralized reduction Amount 0.00
Specified O/C Amount 7,316,781.97
Overcollateralized Amount 7,316,781.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 109,599.81
Excess Cash Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.097589%
Weighted Average Net Rate 6.597589%
Weighted Average Pass Through Rate 6.565089%
Weighted Average Maturity 348
Record Date 09/30/2005
Principal and Interest Constant 6,847,157.02
Beginning Loan Count 5,728
Loans Paid in Full 186
Ending Loan Count 5,542
Beginning Scheduled Balance 1,045,598,875.53
Ending Scheduled Balance 1,008,632,413.17
Ending Actual Balance at 30-Sep-2005 1,009,465,555.35
Scheduled Principal 662,797.71
Unscheduled Principal 36,303,664.65
Scheduled Interest 6,184,359.31
Servicing Fee 435,666.19
Master Servicing Fee 16,119.66
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 12,198.65
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 5,720,374.81
Realized Loss Amount 115,243.56
Cumulative Realized Loss 115,243.56
Percentage of Cumulative Losses 0.0095
Special Servicing Fee 0.00
Prepayment Penalties 848,223.25
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 109,599.81
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 7,316,781.97
Overcollateralized Amount 7,316,781.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement Percentage 0.28
Over Collateralization Amount 7,316,781.97
Over Collateralization Increase Amount 109,599.81
Over Collateralization Reduction Amount 0.00
Over Collateralization Target Amount 7,316,781.97
Senior Target Percentage 0.54
Specified Over Collateralization Amount 7,316,781.97
Group Level Collateral Statement
Group Group 1 Sub Grp 1 Group 1 Sub Grp 2 Group 2 Sub Grp 1
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.068030 7.058972 8.453156
Weighted Average Net Rate 7.568030 6.558972 7.953156
Weighted Average Maturity 324 352 319
Beginning Loan Count 1,448 3,469 284
Loans Paid In Full 38 117 13
Ending Loan Count 1,410 3,352 271
Beginning Scheduled Balance 115,677,460.89 644,273,191.02 40,377,459.70
Ending Scheduled Balance 112,624,593.95 620,855,813.31 38,215,620.65
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 885,709.86 4,194,013.22 314,899.90
Scheduled Principal 107,968.86 404,091.31 30,469.09
Unscheduled Principal 2,944,898.08 23,013,286.40 2,131,369.96
Scheduled Interest 777,741.00 3,789,921.91 284,430.81
Servicing Fees 48,198.94 268,447.16 16,823.94
Master Servicing Fees 1,783.36 9,932.55 622.49
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 1,349.57 7,516.52 471.07
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 726,409.13 3,504,025.68 266,513.31
Realized Loss Amount 115,243.56 0.00 0.00
Cumulative Realized Loss 115,243.56 0.00 0.00
Percentage of Cumulative Losses 0.0901 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.535530 6.526472 7.920656
Group Level Collateral Statement
Group Group 2 Sub Grp 2 Total
Collateral Description Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.518179 7.097589
Weighted Average Net Rate 6.018179 6.597589
Weighted Average Maturity 352 348
Beginning Loan Count 527 5,728
Loans Paid In Full 18 186
Ending Loan Count 509 5,542
Beginning Scheduled Balance 245,270,763.92 1,045,598,875.53
Ending scheduled Balance 236,936,385.26 1,008,632,413.17
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 1,452,534.04 6,847,157.02
Scheduled Principal 120,268.45 662,797.71
Unscheduled Principal 8,214,110.21 36,303,664.65
Scheduled Interest 1,332,265.59 6,184,359.31
Servicing Fees 102,196.15 435,666.19
Master Servicing Fees 3,781.26 16,119.66
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,861.49 12,198.65
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 1,223,426.69 5,720,374.81
Realized Loss Amount 0.00 115,243.56
Cumulative Realized Loss 0.00 115,243.56
Percentage of Cumulative Losses 0.0000 0.0095
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.985679 6.565089
Prepayment Detail - Prepayments during Current Period
Summary Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
Group 1 Sub Grp 1 37 2,855,300.00 2,828,224.38 0 0.00 0.00
Group 1 Sub Grp 2 117 23,115,106.00 23,004,510.25 0 0.00 0.00
Group 2 Sub Grp 1 13 2,143,834.00 2,129,948.30 0 0.00 0.00
Group 2 Sub Grp 2 18 8,241,740.00 8,211,866.84 0 0.00 0.00
Total 185 36,355,980.00 36,174,549.77 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
Group 1 Sub Grp 1 0 0.00 0.00 1 110,000.00 109,658.32 10,232.98
Group 1 Sub Grp 2 0 0.00 0.00 0 0.00 0.00 22,758.67
Group 2 Sub Grp 1 0 0.00 0.00 0 0.00 0.00 3,098.96
Group 2 Sub Grp 2 0 0.00 0.00 0 0.00 0.00 5,515.13
Total 0 0.00 0.00 1 110,000.00 109,658.32 41,605.74
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
Group 1 Sub Grp 1 0000423460 FL 90.00 01-Jan-2005 29,290.00 29,124.45
Group 1 Sub Grp 1 0000424093 CO 95.00 01-Feb-2005 46,835.00 46,099.97
Group 1 Sub Grp 1 0000424103 TX 100.00 01-Dec-2004 34,959.00 34,772.06
Group 1 Sub Grp 1 0000424854 FL 100.00 01-Dec-2004 32,721.00 32,592.81
Group 1 Sub Grp 1 0000424974 UT 89.55 01-Mar-2005 100,000.00 99,689.08
Group 1 Sub Grp 1 0000425811 CA 100.00 01-Mar-2005 47,169.00 46,983.08
Group 1 Sub Grp 1 0000427024 NV 100.00 01-Mar-2005 51,771.00 51,554.03
Group 1 Sub Grp 1 0000427447 PA 80.00 01-Feb-2005 224,000.00 222,066.68
Group 1 Sub Grp 1 0000427560 NY 80.00 01-Feb-2005 392,000.00 388,740.61
Group 1 Sub Grp 1 0000427712 NJ 99.34 01-Feb-2005 30,000.00 29,898.65
Group 1 Sub Grp 1 0000428017 MD 95.00 01-Feb-2005 9,400.00 9,017.12
Group 1 Sub Grp 1 0000428022 FL 100.00 01-Feb-2005 62,000.00 61,237.77
Group 1 Sub Grp 1 0000428258 MD 100.00 01-Feb-2005 54,000.00 53,384.28
Group 1 Sub Grp 1 0000428585 CA 70.00 01-Feb-2005 185,500.00 184,347.06
Group 1 Sub Grp 1 0000428645 CA 100.00 01-Jan-2005 40,000.00 39,526.00
Group 1 Sub Grp 1 0000428963 VA 100.00 01-Feb-2005 20,800.00 20,544.21
Group 1 Sub Grp 1 0000429020 FL 100.00 01-Feb-2005 11,550.00 11,433.17
Group 1 Sub Grp 1 0000429059 FL 95.00 01-Feb-2005 4,905.00 4,348.82
Group 1 Sub Grp 1 0000429225 FL 100.00 01-Feb-2005 14,150.00 13,859.42
Group 1 Sub Grp 1 0000429247 FL 95.00 01-Feb-2005 5,460.00 5,240.67
Group 1 Sub Grp 1 0000429267 FL 100.00 01-Feb-2005 29,000.00 28,903.39
Group 1 Sub Grp 1 0000429273 MD 90.00 01-Feb-2005 161,910.00 160,913.32
Group 1 Sub Grp 1 0000429463 GA 100.00 01-Feb-2005 29,980.00 29,581.38
Group 1 Sub Grp 1 0000430066 NJ 56.47 01-Feb-2005 240,000.00 238,432.48
Group 1 Sub Grp 1 0000430369 NY 100.00 01-Feb-2005 110,000.00 109,599.81
Group 1 Sub Grp 1 0000431335 MD 95.00 01-Feb-2005 14,425.00 13,829.33
Group 1 Sub Grp 1 0000431392 CA 100.00 01-Feb-2005 64,400.00 64,072.99
Group 1 Sub Grp 1 0000431948 CA 100.00 01-Feb-2005 56,000.00 55,813.13
Group 1 Sub Grp 1 0000432444 CA 100.00 01-Feb-2005 54,000.00 53,838.57
Group 1 Sub Grp 1 0000432461 MD 96.62 01-Jan-2005 17,550.00 17,351.89
Group 1 Sub Grp 1 0000432617 CA 54.72 01-Feb-2005 145,000.00 143,735.44
Group 1 Sub Grp 1 0000432724 CA 80.00 01-Feb-2005 144,000.00 142,744.29
Group 1 Sub Grp 1 0000432816 CA 65.00 01-Dec-2004 260,000.00 250,317.68
Group 1 Sub Grp 1 0000433100 OR 89.99 01-Mar-2005 46,580.00 46,105.87
Group 1 Sub Grp 1 0000433110 FL 100.00 01-Feb-2005 29,045.00 28,922.81
Group 1 Sub Grp 1 0000433116 CA 100.00 01-Feb-2005 65,000.00 64,720.95
Group 1 Sub Grp 1 0000433119 CA 100.00 01-Mar-2005 71,000.00 70,767.77
Group 1 Sub Grp 1 0000433298 CA 88.03 01-Mar-2005 30,900.00 30,554.06
Group 1 Sub Grp 2 0000421385 CA 36.84 01-Jan-2005 70,000.00 70,000.00
Group 1 Sub Grp 2 0000424073 AZ 80.00 01-Feb-2005 101,888.00 101,142.16
Group 1 Sub Grp 2 0000424104 TX 80.00 01-Dec-2004 139,838.00 138,115.17
Group 1 Sub Grp 2 0000424112 CO 80.00 01-Feb-2005 249,791.00 249,791.00
Group 1 Sub Grp 2 0000425022 FL 80.00 01-Feb-2005 108,000.00 107,362.86
Group 1 Sub Grp 2 0000425579 CA 90.00 01-Feb-2005 220,500.00 218,685.56
Group 1 Sub Grp 2 0000425759 CA 69.80 01-Mar-2005 520,000.00 516,512.81
Group 1 Sub Grp 2 0000425766 CA 34.87 01-Mar-2005 136,000.00 134,968.39
Group 1 Sub Grp 2 0000425782 CA 64.29 01-Mar-2005 180,000.00 179,006.56
Group 1 Sub Grp 2 0000427025 NV 79.96 01-Mar-2005 207,084.00 205,593.70
Group 1 Sub Grp 2 0000427365 NJ 85.00 01-Feb-2005 246,500.00 244,794.73
Group 1 Sub Grp 2 0000427381 VA 84.04 01-Feb-2005 237,000.00 236,999.96
Group 1 Sub Grp 2 0000427448 MA 85.00 01-Feb-2005 352,750.00 350,342.43
Group 1 Sub Grp 2 0000427569 MA 80.00 01-Feb-2005 283,920.00 281,444.27
Group 1 Sub Grp 2 0000427597 NJ 63.64 01-Feb-2005 105,000.00 104,187.96
Group 1 Sub Grp 2 0000427649 MA 63.51 01-Feb-2005 181,000.00 179,773.64
Group 1 Sub Grp 2 0000427652 NJ 59.30 01-Feb-2005 255,000.00 252,776.47
Group 1 Sub Grp 2 0000427689 MA 62.24 01-Feb-2005 328,000.00 326,785.31
Group 1 Sub Grp 2 0000427731 NJ 80.00 01-Feb-2005 160,000.00 158,936.09
Group 1 Sub Grp 2 0000427742 CT 50.00 01-Feb-2005 90,000.00 89,447.33
Group 1 Sub Grp 2 0000427743 NJ 79.47 01-Feb-2005 120,000.00 120,000.00
Group 1 Sub Grp 2 0000427786 NJ 74.40 01-Feb-2005 247,000.00 245,277.02
Group 1 Sub Grp 2 0000428018 MD 90.00 01-Feb-2005 169,200.00 167,793.15
Group 1 Sub Grp 2 0000428038 FL 80.00 01-Feb-2005 248,000.00 246,181.00
Group 1 Sub Grp 2 0000428081 CA 78.57 01-Feb-2005 220,000.00 218,632.73
Group 1 Sub Grp 2 0000428215 CA 79.74 01-Feb-2005 248,000.00 248,000.00
Group 1 Sub Grp 2 0000428277 CA 80.00 01-Feb-2005 288,000.00 286,416.89
Group 1 Sub Grp 2 0000428281 CA 80.00 01-Feb-2005 272,000.00 271,935.31
Group 1 Sub Grp 2 0000428384 CA 85.00 01-Feb-2005 203,915.00 202,376.04
Group 1 Sub Grp 2 0000428402 CA 85.00 01-Feb-2005 221,000.00 219,559.28
Group 1 Sub Grp 2 0000428501 CA 75.00 01-Feb-2005 198,750.00 197,664.77
Group 1 Sub Grp 2 0000428639 CA 75.00 01-Jan-2005 243,750.00 243,750.00
Group 1 Sub Grp 2 0000428690 CA 80.00 01-Jan-2005 160,000.00 158,559.63
Group 1 Sub Grp 2 0000428757 FL 85.00 01-Feb-2005 318,750.00 316,713.01
Group 1 Sub Grp 2 0000428802 CA 90.00 01-Jan-2005 314,100.00 314,100.00
Group 1 Sub Grp 2 0000428875 CT 90.00 01-Feb-2005 56,700.00 56,309.27
Group 1 Sub Grp 2 0000428881 CA 64.50 01-Dec-2004 258,000.00 255,717.93
Group 1 Sub Grp 2 0000428929 FL 75.00 01-Feb-2005 112,500.00 111,843.40
Group 1 Sub Grp 2 0000428978 VA 90.00 01-Feb-2005 187,200.00 185,669.00
Group 1 Sub Grp 2 0000428996 FL 90.00 01-Feb-2005 146,250.00 145,524.11
Group 1 Sub Grp 2 0000429027 FL 90.00 01-Feb-2005 103,950.00 103,330.51
Group 1 Sub Grp 2 0000429042 FL 90.00 01-Feb-2005 261,000.00 259,381.13
Group 1 Sub Grp 2 0000429066 FL 90.00 01-Feb-2005 88,290.00 87,794.71
Group 1 Sub Grp 2 0000429079 MD 80.00 01-Feb-2005 139,920.00 138,989.60
Group 1 Sub Grp 2 0000429105 MD 80.00 01-Feb-2005 107,200.00 106,337.15
Group 1 Sub Grp 2 0000429150 FL 90.00 01-Feb-2005 130,500.00 129,674.21
Group 1 Sub Grp 2 0000429176 MD 100.00 01-Feb-2005 195,000.00 193,378.56
Group 1 Sub Grp 2 0000429189 FL 80.00 01-Feb-2005 122,400.00 122,397.89
Group 1 Sub Grp 2 0000429229 FL 90.00 01-Feb-2005 127,350.00 126,591.08
Group 1 Sub Grp 2 0000429246 NJ 80.00 01-Feb-2005 244,000.00 242,210.26
Group 1 Sub Grp 2 0000429282 FL 90.00 01-Feb-2005 98,280.00 97,669.20
Group 1 Sub Grp 2 0000429286 FL 80.00 01-Feb-2005 116,000.00 116,000.00
Group 1 Sub Grp 2 0000429316 FL 95.00 01-Feb-2005 176,700.00 175,470.50
Group 1 Sub Grp 2 0000429418 NJ 64.46 01-Feb-2005 107,000.00 105,991.11
Group 1 Sub Grp 2 0000429483 GA 80.00 01-Feb-2005 119,920.00 119,106.72
Group 1 Sub Grp 2 0000429692 FL 80.00 01-Feb-2005 144,000.00 143,089.49
Group 1 Sub Grp 2 0000429720 NJ 73.51 01-Feb-2005 136,000.00 135,063.69
Group 1 Sub Grp 2 0000429781 GA 70.00 01-Feb-2005 71,400.00 71,210.05
Group 1 Sub Grp 2 0000429863 MA 80.00 01-Feb-2005 373,600.00 371,066.37
Group 1 Sub Grp 2 0000429906 VA 65.00 01-Feb-2005 134,550.00 133,817.80
Group 1 Sub Grp 2 0000429944 NC 80.00 01-Feb-2005 129,600.00 128,738.19
Group 1 Sub Grp 2 0000429980 MO 90.00 01-Feb-2005 64,710.00 64,326.11
Group 1 Sub Grp 2 0000430098 NV 80.00 01-Dec-2004 265,600.00 262,987.68
Group 1 Sub Grp 2 0000430107 IN 90.00 01-Dec-2004 93,150.00 92,365.28
Group 1 Sub Grp 2 0000430129 NJ 72.73 01-Dec-2004 160,000.00 158,704.15
Group 1 Sub Grp 2 0000430226 MD 90.00 01-Feb-2005 261,000.00 258,931.37
Group 1 Sub Grp 2 0000430234 MN 80.00 01-Feb-2005 340,800.00 338,600.34
Group 1 Sub Grp 2 0000430290 MD 80.00 01-Feb-2005 157,600.00 156,799.36
Group 1 Sub Grp 2 0000430792 NJ 78.37 01-Feb-2005 192,000.00 190,543.34
Group 1 Sub Grp 2 0000430869 IL 75.00 01-Feb-2005 60,000.00 59,692.86
Group 1 Sub Grp 2 0000431172 MA 66.67 01-Feb-2005 210,000.00 209,178.00
Group 1 Sub Grp 2 0000431288 CA 80.00 01-Feb-2005 327,900.00 325,418.94
Group 1 Sub Grp 2 0000431289 MD 75.00 01-Feb-2005 153,750.00 153,047.36
Group 1 Sub Grp 2 0000431333 CA 85.00 01-Feb-2005 352,750.00 350,212.66
Group 1 Sub Grp 2 0000431391 MD 67.41 01-Feb-2005 165,150.00 164,269.45
Group 1 Sub Grp 2 0000431408 FL 90.00 01-Feb-2005 202,500.00 200,717.48
Group 1 Sub Grp 2 0000431410 CA 80.00 01-Feb-2005 257,600.00 257,600.00
Group 1 Sub Grp 2 0000431419 CA 48.35 01-Feb-2005 191,000.00 189,439.84
Group 1 Sub Grp 2 0000431424 AZ 80.00 01-Feb-2005 144,000.00 143,115.68
Group 1 Sub Grp 2 0000431425 CA 81.59 01-Feb-2005 359,000.00 355,866.95
Group 1 Sub Grp 2 0000431427 AZ 85.00 01-Feb-2005 140,250.00 139,397.33
Group 1 Sub Grp 2 0000431501 CA 80.00 01-Feb-2005 184,000.00 182,663.42
Group 1 Sub Grp 2 0000431505 CA 80.00 01-Feb-2005 208,000.00 206,489.18
Group 1 Sub Grp 2 0000431518 FL 75.00 01-Feb-2005 79,500.00 78,819.33
Group 1 Sub Grp 2 0000431576 AZ 90.00 01-Feb-2005 107,100.00 106,401.82
Group 1 Sub Grp 2 0000431591 AZ 80.00 01-Feb-2005 108,000.00 107,278.31
Group 1 Sub Grp 2 0000431607 MD 67.14 01-Feb-2005 164,500.00 163,373.35
Group 1 Sub Grp 2 0000431699 MD 80.00 01-Feb-2005 220,800.00 219,331.89
Group 1 Sub Grp 2 0000431742 CA 70.00 01-Feb-2005 210,000.00 209,238.85
Group 1 Sub Grp 2 0000431756 CA 80.00 01-Feb-2005 244,000.00 242,699.06
Group 1 Sub Grp 2 0000431833 CA 90.00 01-Feb-2005 162,000.00 160,890.49
Group 1 Sub Grp 2 0000431910 VA 71.77 01-Feb-2005 300,000.00 299,999.98
Group 1 Sub Grp 2 0000431954 NV 80.00 01-Feb-2005 140,000.00 139,221.98
Group 1 Sub Grp 2 0000432010 CA 80.00 01-Feb-2005 224,000.00 222,137.44
Group 1 Sub Grp 2 0000432022 CA 80.00 01-Feb-2005 328,000.00 328,000.00
Group 1 Sub Grp 2 0000432025 CA 80.00 01-Feb-2005 208,000.00 208,000.00
Group 1 Sub Grp 2 0000432249 NV 85.00 01-Feb-2005 157,250.00 156,060.12
Group 1 Sub Grp 2 0000432252 CA 82.76 01-Feb-2005 157,250.00 156,003.63
Group 1 Sub Grp 2 0000432255 CA 54.05 01-Feb-2005 200,000.00 198,252.70
Group 1 Sub Grp 2 0000432301 CA 90.00 01-Jan-2005 202,500.00 202,500.00
Group 1 Sub Grp 2 0000432429 CA 87.00 01-Feb-2005 348,000.00 344,664.72
Group 1 Sub Grp 2 0000432458 CA 80.00 01-Feb-2005 216,000.00 216,000.00
Group 1 Sub Grp 2 0000432747 PA 90.00 01-Feb-2005 162,000.00 160,890.49
Group 1 Sub Grp 2 0000432791 NJ 80.00 01-Dec-2004 185,600.00 183,791.92
Group 1 Sub Grp 2 0000432843 WA 80.00 01-Dec-2004 116,000.00 115,112.95
Group 1 Sub Grp 2 0000432854 CA 65.00 01-Dec-2004 195,000.00 194,132.43
Group 1 Sub Grp 2 0000432996 CA 80.00 01-Mar-2005 204,000.00 202,430.46
Group 1 Sub Grp 2 0000433154 CA 79.56 01-Mar-2005 358,000.00 355,952.74
Group 1 Sub Grp 2 0000433166 CA 70.00 01-Mar-2005 336,000.00 336,000.00
Group 1 Sub Grp 2 0000433193 FL 79.97 01-Feb-2005 115,950.00 115,946.60
Group 1 Sub Grp 2 0000433227 FL 95.00 01-Mar-2005 270,750.00 270,750.00
Group 1 Sub Grp 2 0000433229 CA 90.00 01-Feb-2005 270,000.00 270,000.00
Group 1 Sub Grp 2 0000433233 CA 80.00 01-Feb-2005 260,000.00 259,999.98
Group 1 Sub Grp 2 0000433240 CA 80.00 01-Mar-2005 284,000.00 283,991.57
Group 1 Sub Grp 2 0000433340 CA 80.00 01-Mar-2005 109,600.00 108,710.06
Group 1 Sub Grp 2 0000433688 CA 78.95 01-Apr-2005 300,000.00 300,000.00
Group 1 Sub Grp 2 0000433718 CA 90.00 01-Mar-2005 148,500.00 147,580.92
Group 2 Sub Grp 1 0000427995 CA 100.00 01-Feb-2005 105,000.00 104,520.15
Group 2 Sub Grp 1 0000428013 CA 100.00 01-Feb-2005 99,614.00 99,203.04
Group 2 Sub Grp 1 0000428904 NY 90.00 01-Dec-2004 468,000.00 463,646.49
Group 2 Sub Grp 1 0000431279 CA 100.00 01-Feb-2005 81,980.00 81,706.42
Group 2 Sub Grp 1 0000431359 CA 100.00 01-Feb-2005 101,000.00 100,594.91
Group 2 Sub Grp 1 0000431368 CA 100.00 01-Feb-2005 141,000.00 140,306.92
Group 2 Sub Grp 1 0000431562 CA 80.00 01-Feb-2005 456,000.00 452,385.95
Group 2 Sub Grp 1 0000431643 CA 100.00 01-Feb-2005 156,000.00 155,030.45
Group 2 Sub Grp 1 0000431722 CA 100.00 01-Feb-2005 150,000.00 148,632.68
Group 2 Sub Grp 1 0000431987 VA 100.00 01-Feb-2005 102,000.00 101,524.05
Group 2 Sub Grp 1 0000432018 CA 100.00 01-Feb-2005 82,000.00 80,238.89
Group 2 Sub Grp 1 0000432337 CA 100.00 01-Jan-2005 98,240.00 97,787.70
Group 2 Sub Grp 1 0000433137 CA 100.00 01-Mar-2005 103,000.00 102,693.35
Group 2 Sub Grp 2 0000424121 CA 84.99 01-Feb-2005 408,800.00 408,800.00
Group 2 Sub Grp 2 0000427949 NJ 90.00 01-Dec-2004 463,500.00 459,456.35
Group 2 Sub Grp 2 0000428002 CA 80.00 01-Feb-2005 420,000.00 420,000.00
Group 2 Sub Grp 2 0000428032 CA 83.00 01-Feb-2005 472,270.00 468,073.26
Group 2 Sub Grp 2 0000428496 CA 80.00 01-Feb-2005 424,000.00 424,000.00
Group 2 Sub Grp 2 0000430151 FL 90.00 01-Dec-2004 387,000.00 383,739.97
Group 2 Sub Grp 2 0000431364 CA 80.00 01-Feb-2005 404,000.00 404,000.00
Group 2 Sub Grp 2 0000431374 CA 80.00 01-Feb-2005 564,000.00 559,729.91
Group 2 Sub Grp 2 0000431531 CA 80.00 01-Feb-2005 412,000.00 408,469.44
Group 2 Sub Grp 2 0000432041 CA 100.00 01-Feb-2005 425,000.00 421,784.22
Group 2 Sub Grp 2 0000432073 VA 80.00 01-Feb-2005 408,000.00 407,980.60
Group 2 Sub Grp 2 0000432111 CA 80.00 01-Feb-2005 500,000.00 495,514.74
Group 2 Sub Grp 2 0000432346 CA 80.00 01-Jan-2005 392,960.00 392,960.00
Group 2 Sub Grp 2 0000433150 CA 88.50 01-Mar-2005 500,000.00 497,639.07
Group 2 Sub Grp 2 0000433167 CA 94.12 01-Mar-2005 400,000.00 400,000.00
Group 2 Sub Grp 2 0000433285 CA 80.00 01-Mar-2005 412,000.00 412,000.00
Group 2 Sub Grp 2 0000433683 CA 75.00 01-Mar-2005 675,000.00 675,000.00
Group 2 Sub Grp 2 0000433687 CA 89.99 01-Feb-2005 573,210.00 569,447.52
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
Group 1 Sub Grp 1 0000423460 Loan Paid in Full 0 9.000% 180 9
Group 1 Sub Grp 1 0000424093 Loan Paid in Full 0 8.000% 240 8
Group 1 Sub Grp 1 0000424103 Loan Paid in Full 0 9.750% 180 10
Group 1 Sub Grp 1 0000424854 Loan Paid in Full 0 11.250% 180 10
Group 1 Sub Grp 1 0000424974 Loan Paid in Full 0 10.750% 180 7
Group 1 Sub Grp 1 0000425811 Loan Paid in Full 0 9.625% 180 7
Group 1 Sub Grp 1 0000427024 Loan Paid in Full 0 9.375% 180 7
Group 1 Sub Grp 1 0000427447 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 1 0000427560 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 1 0000427712 Loan Paid in Full (1) 10.875% 360 8
Group 1 Sub Grp 1 0000428017 Loan Paid in Full 0 11.999% 120 8
Group 1 Sub Grp 1 0000428022 Loan Paid in Full (1) 10.625% 360 8
Group 1 Sub Grp 1 0000428258 Loan Paid in Full 0 10.990% 240 8
Group 1 Sub Grp 1 0000428585 Loan Paid in Full 0 7.990% 360 8
Group 1 Sub Grp 1 0000428645 Loan Paid in Full 0 11.125% 240 9
Group 1 Sub Grp 1 0000428963 Loan Paid in Full 0 11.000% 240 8
Group 1 Sub Grp 1 0000429020 Loan Paid in Full 0 11.500% 240 8
Group 1 Sub Grp 1 0000429059 Loan Paid in Full 0 12.500% 60 8
Group 1 Sub Grp 1 0000429225 Loan Paid in Full 0 11.000% 180 8
Group 1 Sub Grp 1 0000429247 Loan Paid in Full (1) 12.250% 120 8
Group 1 Sub Grp 1 0000429267 Loan Paid in Full 0 11.000% 360 8
Group 1 Sub Grp 1 0000429273 Loan Paid in Full (1) 8.150% 360 8
Group 1 Sub Grp 1 0000429463 Loan Paid in Full 0 9.000% 360 8
Group 1 Sub Grp 1 0000430066 Loan Paid in Full 0 7.750% 360 8
Group 1 Sub Grp 1 0000430369 Liquidation 6 9.350% 360 8
Group 1 Sub Grp 1 0000431335 Loan Paid in Full 0 11.750% 120 8
Group 1 Sub Grp 1 0000431392 Loan Paid in Full 0 8.990% 360 8
Group 1 Sub Grp 1 0000431948 Loan Paid in Full 0 10.990% 360 8
Group 1 Sub Grp 1 0000432444 Loan Paid in Full 0 11.500% 360 8
Group 1 Sub Grp 1 0000432461 Loan Paid in Full 0 11.500% 240 9
Group 1 Sub Grp 1 0000432617 Loan Paid in Full 0 6.250% 360 8
Group 1 Sub Grp 1 0000432724 Loan Paid in Full 0 6.250% 360 8
Group 1 Sub Grp 1 0000432816 Loan Paid in Full 0 6.500% 180 10
Group 1 Sub Grp 1 0000433100 Loan Paid in Full 0 10.500% 240 7
Group 1 Sub Grp 1 0000433110 Loan Paid in Full 0 9.990% 180 8
Group 1 Sub Grp 1 0000433116 Loan Paid in Full 0 9.800% 180 8
Group 1 Sub Grp 1 0000433119 Loan Paid in Full 0 10.750% 180 7
Group 1 Sub Grp 1 0000433298 Loan Paid in Full (1) 9.750% 240 7
Group 1 Sub Grp 2 0000421385 Loan Paid in Full 0 6.375% 360 9
Group 1 Sub Grp 2 0000424073 Loan Paid in Full 0 7.375% 360 8
Group 1 Sub Grp 2 0000424104 Loan Paid in Full 0 5.500% 360 10
Group 1 Sub Grp 2 0000424112 Loan Paid in Full 0 6.000% 360 8
Group 1 Sub Grp 2 0000425022 Loan Paid in Full 0 8.250% 360 8
Group 1 Sub Grp 2 0000425579 Loan Paid in Full 0 7.000% 360 8
Group 1 Sub Grp 2 0000425759 Loan Paid in Full 0 6.990% 360 7
Group 1 Sub Grp 2 0000425766 Loan Paid in Full 0 6.350% 360 7
Group 1 Sub Grp 2 0000425782 Loan Paid in Full 0 7.990% 360 7
Group 1 Sub Grp 2 0000427025 Loan Paid in Full 0 6.625% 360 7
Group 1 Sub Grp 2 0000427365 Loan Paid in Full 0 7.450% 360 8
Group 1 Sub Grp 2 0000427381 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 2 0000427448 Loan Paid in Full 0 7.550% 360 8
Group 1 Sub Grp 2 0000427569 Loan Paid in Full 0 6.250% 360 8
Group 1 Sub Grp 2 0000427597 Loan Paid in Full 0 7.300% 360 8
Group 1 Sub Grp 2 0000427649 Loan Paid in Full 0 7.850% 360 8
Group 1 Sub Grp 2 0000427652 Loan Paid in Full 0 6.250% 360 8
Group 1 Sub Grp 2 0000427689 Loan Paid in Full 1 10.500% 360 8
Group 1 Sub Grp 2 0000427731 Loan Paid in Full 0 7.650% 360 8
Group 1 Sub Grp 2 0000427742 Loan Paid in Full 0 8.050% 360 8
Group 1 Sub Grp 2 0000427743 Loan Paid in Full 0 5.800% 360 8
Group 1 Sub Grp 2 0000427786 Loan Paid in Full 0 7.450% 360 8
Group 1 Sub Grp 2 0000428018 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 2 0000428038 Loan Paid in Full 1 7.150% 360 8
Group 1 Sub Grp 2 0000428081 Loan Paid in Full (1) 7.990% 360 8
Group 1 Sub Grp 2 0000428215 Loan Paid in Full 0 5.200% 360 8
Group 1 Sub Grp 2 0000428277 Loan Paid in Full 0 8.600% 360 8
Group 1 Sub Grp 2 0000428281 Loan Paid in Full 0 5.450% 360 8
Group 1 Sub Grp 2 0000428384 Loan Paid in Full 0 7.250% 360 8
Group 1 Sub Grp 2 0000428402 Loan Paid in Full 0 7.750% 360 8
Group 1 Sub Grp 2 0000428501 Loan Paid in Full 0 8.650% 360 8
Group 1 Sub Grp 2 0000428639 Loan Paid in Full (2) 5.600% 360 9
Group 1 Sub Grp 2 0000428690 Loan Paid in Full 0 6.650% 360 9
Group 1 Sub Grp 2 0000428757 Loan Paid in Full 0 7.850% 360 8
Group 1 Sub Grp 2 0000428802 Loan Paid in Full 0 6.500% 360 9
Group 1 Sub Grp 2 0000428875 Loan Paid in Full 0 7.600% 360 8
Group 1 Sub Grp 2 0000428881 Loan Paid in Full 0 7.250% 360 10
Group 1 Sub Grp 2 0000428929 Loan Paid in Full 0 8.550% 360 8
Group 1 Sub Grp 2 0000428978 Loan Paid in Full 0 6.700% 360 8
Group 1 Sub Grp 2 0000428996 Loan Paid in Full 0 9.100% 360 8
Group 1 Sub Grp 2 0000429027 Loan Paid in Full 0 8.200% 360 8
Group 1 Sub Grp 2 0000429042 Loan Paid in Full 0 8.000% 360 8
Group 1 Sub Grp 2 0000429066 Loan Paid in Full 0 8.500% 360 8
Group 1 Sub Grp 2 0000429079 Loan Paid in Full 0 7.650% 360 8
Group 1 Sub Grp 2 0000429105 Loan Paid in Full 0 6.900% 360 8
Group 1 Sub Grp 2 0000429150 Loan Paid in Full 0 7.900% 360 8
Group 1 Sub Grp 2 0000429176 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 2 0000429189 Loan Paid in Full 2 7.150% 360 8
Group 1 Sub Grp 2 0000429229 Loan Paid in Full 0 8.200% 360 8
Group 1 Sub Grp 2 0000429246 Loan Paid in Full 0 7.150% 360 8
Group 1 Sub Grp 2 0000429282 Loan Paid in Full (1) 7.990% 360 8
Group 1 Sub Grp 2 0000429286 Loan Paid in Full 0 7.650% 360 8
Group 1 Sub Grp 2 0000429316 Loan Paid in Full 0 7.990% 360 8
Group 1 Sub Grp 2 0000429418 Loan Paid in Full 0 5.990% 360 8
Group 1 Sub Grp 2 0000429483 Loan Paid in Full 0 7.550% 360 8
Group 1 Sub Grp 2 0000429692 Loan Paid in Full 0 7.900% 360 8
Group 1 Sub Grp 2 0000429720 Loan Paid in Full 0 7.750% 360 8
Group 1 Sub Grp 2 0000429781 Loan Paid in Full 4 11.500% 360 8
Group 1 Sub Grp 2 0000429863 Loan Paid in Full 0 7.550% 360 8
Group 1 Sub Grp 2 0000429906 Loan Paid in Full 0 8.650% 360 8
Group 1 Sub Grp 2 0000429944 Loan Paid in Full 0 7.650% 360 8
Group 1 Sub Grp 2 0000429980 Loan Paid in Full 0 8.700% 360 8
Group 1 Sub Grp 2 0000430098 Loan Paid in Full 0 6.700% 360 10
Group 1 Sub Grp 2 0000430107 Loan Paid in Full 0 8.250% 360 10
Group 1 Sub Grp 2 0000430129 Loan Paid in Full 0 7.700% 360 10
Group 1 Sub Grp 2 0000430226 Loan Paid in Full 0 6.750% 360 8
Group 1 Sub Grp 2 0000430234 Loan Paid in Full 0 7.800% 360 8
Group 1 Sub Grp 2 0000430290 Loan Paid in Full 0 8.990% 360 8
Group 1 Sub Grp 2 0000430792 Loan Paid in Full 0 6.990% 360 8
Group 1 Sub Grp 2 0000430869 Loan Paid in Full 0 8.950% 360 8
Group 1 Sub Grp 2 0000431172 Loan Paid in Full 0 10.240% 360 8
Group 1 Sub Grp 2 0000431288 Loan Paid in Full 0 6.990% 360 8
Group 1 Sub Grp 2 0000431289 Loan Paid in Full 0 9.500% 360 8
Group 1 Sub Grp 2 0000431333 Loan Paid in Full 0 7.250% 360 8
Group 1 Sub Grp 2 0000431391 Loan Paid in Full 0 8.750% 360 8
Group 1 Sub Grp 2 0000431408 Loan Paid in Full 0 6.200% 360 8
Group 1 Sub Grp 2 0000431410 Loan Paid in Full 0 5.250% 360 8
Group 1 Sub Grp 2 0000431419 Loan Paid in Full 0 6.750% 360 8
Group 1 Sub Grp 2 0000431424 Loan Paid in Full 0 8.050% 360 8
Group 1 Sub Grp 2 0000431425 Loan Paid in Full 0 6.250% 360 8
Group 1 Sub Grp 2 0000431427 Loan Paid in Full 2 8.100% 360 8
Group 1 Sub Grp 2 0000431501 Loan Paid in Full 0 7.200% 360 8
Group 1 Sub Grp 2 0000431505 Loan Paid in Full 0 7.200% 360 8
Group 1 Sub Grp 2 0000431518 Loan Paid in Full 0 6.400% 360 8
Group 1 Sub Grp 2 0000431576 Loan Paid in Full 0 7.750% 360 8
Group 1 Sub Grp 2 0000431591 Loan Paid in Full (1) 7.625% 360 8
Group 1 Sub Grp 2 0000431607 Loan Paid in Full 0 7.500% 360 8
Group 1 Sub Grp 2 0000431699 Loan Paid in Full 0 7.650% 360 8
Group 1 Sub Grp 2 0000431742 Loan Paid in Full 0 10.750% 360 8
Group 1 Sub Grp 2 0000431756 Loan Paid in Full 0 8.750% 360 8
Group 1 Sub Grp 2 0000431833 Loan Paid in Full 0 7.500% 360 8
Group 1 Sub Grp 2 0000431910 Loan Paid in Full 0 6.350% 360 8
Group 1 Sub Grp 2 0000431954 Loan Paid in Full 0 8.550% 360 8
Group 1 Sub Grp 2 0000432010 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 2 0000432022 Loan Paid in Full 0 6.990% 360 8
Group 1 Sub Grp 2 0000432025 Loan Paid in Full 0 6.750% 360 8
Group 1 Sub Grp 2 0000432249 Loan Paid in Full 0 6.990% 360 8
Group 1 Sub Grp 2 0000432252 Loan Paid in Full 0 6.750% 360 8
Group 1 Sub Grp 2 0000432255 Loan Paid in Full 0 6.240% 360 8
Group 1 Sub Grp 2 0000432301 Loan Paid in Full 0 5.650% 360 9
Group 1 Sub Grp 2 0000432429 Loan Paid in Full 0 5.750% 360 8
Group 1 Sub Grp 2 0000432458 Loan Paid in Full 0 5.900% 360 8
Group 1 Sub Grp 2 0000432747 Loan Paid in Full 6 7.500% 360 8
Group 1 Sub Grp 2 0000432791 Loan Paid in Full 0 6.750% 360 10
Group 1 Sub Grp 2 0000432843 Loan Paid in Full 0 7.990% 360 10
Group 1 Sub Grp 2 0000432854 Loan Paid in Full 0 10.625% 360 10
Group 1 Sub Grp 2 0000432996 Loan Paid in Full 0 6.275% 360 7
Group 1 Sub Grp 2 0000433154 Loan Paid in Full 0 7.800% 360 7
Group 1 Sub Grp 2 0000433166 Loan Paid in Full 2 6.700% 360 7
Group 1 Sub Grp 2 0000433193 Loan Paid in Full 0 5.990% 360 8
Group 1 Sub Grp 2 0000433227 Loan Paid in Full 0 7.740% 360 7
Group 1 Sub Grp 2 0000433229 Loan Paid in Full 0 7.550% 360 8
Group 1 Sub Grp 2 0000433233 Loan Paid in Full 0 6.640% 360 8
Group 1 Sub Grp 2 0000433240 Loan Paid in Full 0 6.500% 360 7
Group 1 Sub Grp 2 0000433340 Loan Paid in Full 0 5.990% 360 7
Group 1 Sub Grp 2 0000433688 Loan Paid in Full 0 5.700% 360 6
Group 1 Sub Grp 2 0000433718 Loan Paid in Full 0 7.400% 360 7
Group 2 Sub Grp 1 0000427995 Loan Paid in Full 1 9.500% 360 8
Group 2 Sub Grp 1 0000428013 Loan Paid in Full 0 9.990% 360 8
Group 2 Sub Grp 1 0000428904 Loan Paid in Full 0 6.990% 360 10
Group 2 Sub Grp 1 0000431279 Loan Paid in Full 0 10.990% 360 8
Group 2 Sub Grp 1 0000431359 Loan Paid in Full (1) 10.125% 360 8
Group 2 Sub Grp 1 0000431368 Loan Paid in Full 1 9.749% 360 8
Group 2 Sub Grp 1 0000431562 Loan Paid in Full 0 6.750% 360 8
Group 2 Sub Grp 1 0000431643 Loan Paid in Full 0 7.990% 360 8
Group 2 Sub Grp 1 0000431722 Loan Paid in Full 0 6.015% 360 8
Group 2 Sub Grp 1 0000431987 Loan Paid in Full 0 9.500% 360 8
Group 2 Sub Grp 1 0000432018 Loan Paid in Full 0 10.500% 180 8
Group 2 Sub Grp 1 0000432337 Loan Paid in Full 0 9.990% 360 9
Group 2 Sub Grp 1 0000433137 Loan Paid in Full 2 10.950% 180 7
Group 2 Sub Grp 2 0000424121 Loan Paid in Full 0 6.875% 360 8
Group 2 Sub Grp 2 0000427949 Loan Paid in Full 0 7.450% 360 10
Group 2 Sub Grp 2 0000428002 Loan Paid in Full 1 5.750% 360 8
Group 2 Sub Grp 2 0000428032 Loan Paid in Full 0 6.150% 360 8
Group 2 Sub Grp 2 0000428496 Loan Paid in Full 0 5.750% 360 8
Group 2 Sub Grp 2 0000430151 Loan Paid in Full 0 7.500% 360 10
Group 2 Sub Grp 2 0000431364 Loan Paid in Full (1) 6.900% 360 8
Group 2 Sub Grp 2 0000431374 Loan Paid in Full 1 7.250% 360 8
Group 2 Sub Grp 2 0000431531 Loan Paid in Full 0 5.490% 360 8
Group 2 Sub Grp 2 0000432041 Loan Paid in Full 0 6.990% 360 8
Group 2 Sub Grp 2 0000432073 Loan Paid in Full 0 5.500% 360 8
Group 2 Sub Grp 2 0000432111 Loan Paid in Full 0 6.100% 360 8
Group 2 Sub Grp 2 0000432346 Loan Paid in Full 0 6.400% 360 9
Group 2 Sub Grp 2 0000433150 Loan Paid in Full 0 8.750% 360 7
Group 2 Sub Grp 2 0000433167 Loan Paid in Full 0 8.500% 360 7
Group 2 Sub Grp 2 0000433285 Loan Paid in Full 2 7.500% 360 7
Group 2 Sub Grp 2 0000433683 Loan Paid in Full 0 7.400% 360 7
Group 2 Sub Grp 2 0000433687 Loan Paid in Full 0 7.100% 360 8
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.474% Current Month 34.579% Current Month 2,142.283%
3 Month Average 3.684% 3 Month Average 36.253% 3 Month Average 2,605.312%
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 13.629% N/A Apr-2005 3,262.340% N/A
May-2005 16.917% N/A May-2005 2,739.985% N/A
Jun-2005 14.099% N/A Jun-2005 1,726.111% N/A
Jul-2005 32.308% N/A Jul-2005 3,178.657% N/A
Aug-2005 36.988% N/A Aug-2005 3,043.325% N/A
Sep-2005 37.192% N/A Sep-2005 2,630.329% N/A
Oct-2005 34.579% N/A Oct-2005 2,142.283% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1 Sub Grp 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.548% Current Month 26.636% Current Month 1,645.813%
3 Month Average 2.541% 3 Month Average 26.502% 3 Month Average 1,875.978%
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 5.711% N/A Apr-2005 1,357.217% N/A
May-2005 9.200% N/A May-2005 1,481.662% N/A
Jun-2005 11.859% N/A Jun-2005 1,445.702% N/A
Jul-2005 21.639% N/A Jul-2005 2,120.367% N/A
Aug-2005 22.323% N/A Aug-2005 1,828.823% N/A
Sep-2005 30.547% N/A Sep-2005 2,153.298% N/A
Oct-2005 26.636% N/A Oct-2005 1,645.813% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1 Sub Grp 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.574% Current Month 35.387% Current Month 2,187.396%
3 Month Average 3.821% 3 Month Average 37.331% 3 Month Average 2,676.838%
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 13.960% N/A Apr-2005 3,317.870% N/A
May-2005 14.716% N/A May-2005 2,371.402% N/A
Jun-2005 14.331% N/A Jun-2005 1,748.030% N/A
Jul-2005 34.911% N/A Jul-2005 3,426.262% N/A
Aug-2005 37.953% N/A Aug-2005 3,115.948% N/A
Sep-2005 38.652% N/A Sep-2005 2,727.170% N/A
Oct-2005 35.387% N/A Oct-2005 2,187.396% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2 Sub Grp 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 5.283% Current Month 47.862% Current Month 2,968.688%
3 Month Average 4.636% 3 Month Average 43.067% 3 Month Average 3,090.134%
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 2.987% N/A Apr-2005 714.922% N/A
May-2005 16.613% N/A May-2005 2,692.925% N/A
Jun-2005 6.942% N/A Jun-2005 849.275% N/A
Jul-2005 11.812% N/A Jul-2005 1,161.287% N/A
Aug-2005 47.912% N/A Aug-2005 3,941.235% N/A
Sep-2005 33.428% N/A Sep-2005 2,360.478% N/A
Oct-2005 47.862% N/A Oct-2005 2,968.688% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2 Sub Grp 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.351% Current Month 33.566% Current Month 2,094.312%
3 Month Average 3.696% 3 Month Average 36.328% 3 Month Average 2,639.670%
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 17.617% N/A Apr-2005 4,310.997% N/A
May-2005 25.495% N/A May-2005 4,195.522% N/A
Jun-2005 15.589% N/A Jun-2005 1,931.209% N/A
Jul-2005 32.778% N/A Jul-2005 3,252.393% N/A
Aug-2005 38.541% N/A Aug-2005 3,195.875% N/A
Sep-2005 36.875% N/A Sep-2005 2,628.823% N/A
Oct-2005 33.566% N/A Oct-2005 2,094.312% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
Group 1 Sub Grp 1 1 110,000.00 115,243.56 0.102%
Group 1 Sub Grp 2 0 0.00 0.00 0.000%
Group 2 Sub Grp 1 0 0.00 0.00 0.000%
Group 2 Sub Grp 2 0 0.00 0.00 0.000%
Total 1 110,000.00 115,243.56 0.011%
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>
Group 1 Sub Grp 1 0000430369 110,000.00 9.3500% NY 100.00 360
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>
Group 1 Sub Grp 1 0000430369 110,000.00 115,243.56 115,243.56
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.010% Current Month 0.779%
3 Month Average 0.003% 3 Month Average 0.260%
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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.010% N/A Oct-2005 0.779% 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 0.126% Current Month 105.093%
3 Month Average 0.042% 3 Month Average 35.031%
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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.126% N/A Oct-2005 105.093% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1 Sub Grp 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.095% Current Month 6.992%
3 Month Average 0.032% 3 Month Average 2.331%
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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.095% N/A Oct-2005 6.992% 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 1.132% Current Month 105.093%
3 Month Average 0.377% 3 Month Average 35.031%
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 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 1.132% N/A Oct-2005 105.093% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1 Sub Grp 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2 Sub Grp 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2 Sub Grp 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>