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-RM2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-02
Pooling and Servicing Agreement) (Commission 54-2173199
(State or other File Number) 54-2173200
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-RM2 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-RM2 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-RM2 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-RM2 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 2005-RM2
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-1A 004421NQ2 SEN 4.06000% 185,148,993.43 605,406.59
A-1B 004421NR0 SEN 4.09000% 46,287,248.36 152,470.01
A-2A 004421NS8 SEN 3.92000% 63,246,934.86 199,675.74
A-2B 004421PG2 SEN 4.03000% 50,184,000.00 162,880.87
A-2C 004421PH0 SEN 4.08000% 12,963,000.00 42,595.67
A-2D 004421PJ6 SEN 4.18000% 33,778,000.00 113,712.96
M-1 004421NT6 MEZ 4.27000% 20,952,000.00 72,053.17
M-2 004421NU3 MEZ 4.28000% 18,686,000.00 64,410.97
M-3 004421NV1 MEZ 4.30000% 11,042,000.00 38,239.83
M-4 004421NW9 MEZ 4.46000% 10,193,000.00 36,613.11
M-5 004421NX7 MEZ 4.49000% 9,626,000.00 34,809.03
M-6 004421NY5 MEZ 4.52000% 9,343,000.00 34,011.40
M-7 004421NZ2 MEZ 5.03000% 7,644,000.00 30,966.24
M-8 004421PA5 MEZ 5.13000% 5,946,000.00 24,566.43
M-9 004421PB3 MEZ 5.53000% 5,379,000.00 23,956.67
P 111320719 SEN 0.00000% 100.00 440,660.37
M-10 004421PC1 MEZ 6.83000% 5,096,000.00 28,031.73
M-11 004421PD9 MEZ 6.83000% 5,663,000.00 31,150.64
B-1 004421PE7 SEN 6.83000% 8,777,000.00 48,279.92
B-2 004421PF4 SEN 6.83000% 6,229,000.00 34,264.06
CE 111320727 SEN 0.00000% 6,511,954.80 1,190,287.69
R 111320735 SEN 0.00000% 0.00 0.00
Totals 522,696,231.45 3,409,043.10
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1A 8,696,169.86 0.00 176,452,823.58 9,301,576.45 0.00
A-1B 2,174,042.46 0.00 44,113,205.89 2,326,512.47 0.00
A-2A 7,297,612.53 0.00 55,949,322.33 7,497,288.27 0.00
A-2B 0.00 0.00 50,184,000.00 162,880.87 0.00
A-2C 0.00 0.00 12,963,000.00 42,595.67 0.00
A-2D 0.00 0.00 33,778,000.00 113,712.96 0.00
M-1 0.00 0.00 20,952,000.00 72,053.17 0.00
M-2 0.00 0.00 18,686,000.00 64,410.97 0.00
M-3 0.00 0.00 11,042,000.00 38,239.83 0.00
M-4 0.00 0.00 10,193,000.00 36,613.11 0.00
M-5 0.00 0.00 9,626,000.00 34,809.03 0.00
M-6 0.00 0.00 9,343,000.00 34,011.40 0.00
M-7 0.00 0.00 7,644,000.00 30,966.24 0.00
M-8 0.00 0.00 5,946,000.00 24,566.43 0.00
M-9 0.00 0.00 5,379,000.00 23,956.67 0.00
P 0.00 0.00 100.00 440,660.37 0.00
M-10 0.00 0.00 5,096,000.00 28,031.73 0.00
M-11 0.00 0.00 5,663,000.00 31,150.64 0.00
B-1 0.00 0.00 8,777,000.00 48,279.92 0.00
B-2 0.00 0.00 6,229,000.00 34,264.06 0.00
CE 0.00 0.00 6,511,954.80 1,190,287.69 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 18,167,824.85 0.00 504,528,406.60 21,576,867.95 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-1A 206,792,000.00 185,148,993.43 0.00 8,696,169.86 0.00 0.00
A-1B 51,698,000.00 46,287,248.36 0.00 2,174,042.46 0.00 0.00
A-2A 79,753,000.00 63,246,934.86 0.00 7,297,612.53 0.00 0.00
A-2B 50,184,000.00 50,184,000.00 0.00 0.00 0.00 0.00
A-2C 12,963,000.00 12,963,000.00 0.00 0.00 0.00 0.00
A-2D 33,778,000.00 33,778,000.00 0.00 0.00 0.00 0.00
M-1 20,952,000.00 20,952,000.00 0.00 0.00 0.00 0.00
M-2 18,686,000.00 18,686,000.00 0.00 0.00 0.00 0.00
M-3 11,042,000.00 11,042,000.00 0.00 0.00 0.00 0.00
M-4 10,193,000.00 10,193,000.00 0.00 0.00 0.00 0.00
M-5 9,626,000.00 9,626,000.00 0.00 0.00 0.00 0.00
M-6 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00
M-7 7,644,000.00 7,644,000.00 0.00 0.00 0.00 0.00
M-8 5,946,000.00 5,946,000.00 0.00 0.00 0.00 0.00
M-9 5,379,000.00 5,379,000.00 0.00 0.00 0.00 0.00
M-10 5,096,000.00 5,096,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
M-11 5,663,000.00 5,663,000.00 0.00 0.00 0.00 0.00
B-1 8,777,000.00 8,777,000.00 0.00 0.00 0.00 0.00
B-2 6,229,000.00 6,229,000.00 0.00 0.00 0.00 0.00
CE 6,512,839.08 6,511,954.80 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 566,256,939.08 522,696,231.45 0.00 18,167,824.85 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-1A 8,696,169.86 176,452,823.58 0.85328651 8,696,169.86
A-1B 2,174,042.46 44,113,205.89 0.85328651 2,174,042.46
A-2A 7,297,612.53 55,949,322.33 0.70153251 7,297,612.53
A-2B 0.00 50,184,000.00 1.00000000 0.00
A-2C 0.00 12,963,000.00 1.00000000 0.00
A-2D 0.00 33,778,000.00 1.00000000 0.00
M-1 0.00 20,952,000.00 1.00000000 0.00
M-2 0.00 18,686,000.00 1.00000000 0.00
M-3 0.00 11,042,000.00 1.00000000 0.00
M-4 0.00 10,193,000.00 1.00000000 0.00
M-5 0.00 9,626,000.00 1.00000000 0.00
M-6 0.00 9,343,000.00 1.00000000 0.00
M-7 0.00 7,644,000.00 1.00000000 0.00
M-8 0.00 5,946,000.00 1.00000000 0.00
M-9 0.00 5,379,000.00 1.00000000 0.00
M-10 0.00 5,096,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
M-11 0.00 5,663,000.00 1.00000000 0.00
B-1 0.00 8,777,000.00 1.00000000 0.00
B-2 0.00 6,229,000.00 1.00000000 0.00
CE 0.00 6,511,954.80 0.99986423 0.00
R 0.00 0.00 0.00000000 0.00
Totals 18,167,824.85 504,528,406.60 0.89098847 18,167,824.85
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-1A 206,792,000.00 895.33924634 0.00000000 42.05273831 0.00000000
A-1B 51,698,000.00 895.33924639 0.00000000 42.05273821 0.00000000
A-2A 79,753,000.00 793.03518187 0.00000000 91.50267112 0.00000000
A-2B 50,184,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 12,963,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2D 33,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 20,952,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 18,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 11,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 10,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 9,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 7,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 5,946,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 5,379,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 5,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,663,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 8,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 6,229,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 6,512,839.08 999.86422511 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-1A 0.00000000 42.05273831 853.28650809 0.85328651 42.05273831
A-1B 0.00000000 42.05273821 853.28650799 0.85328651 42.05273821
A-2A 0.00000000 91.50267112 701.53251075 0.70153251 91.50267112
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
A-2D 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
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-11 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 999.86422511 0.99986423 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-1A 206,792,000.00 4.06000% 185,148,993.43 605,540.07 0.00 0.00
A-1B 51,698,000.00 4.09000% 46,287,248.36 152,503.63 0.00 0.00
A-2A 79,753,000.00 3.92000% 63,246,934.86 199,719.77 0.00 0.00
A-2B 50,184,000.00 4.03000% 50,184,000.00 162,916.78 0.00 0.00
A-2C 12,963,000.00 4.08000% 12,963,000.00 42,605.06 0.00 0.00
A-2D 33,778,000.00 4.18000% 33,778,000.00 113,738.03 0.00 0.00
M-1 20,952,000.00 4.27000% 20,952,000.00 72,069.06 0.00 0.00
M-2 18,686,000.00 4.28000% 18,686,000.00 64,425.18 0.00 0.00
M-3 11,042,000.00 4.30000% 11,042,000.00 38,248.26 0.00 0.00
M-4 10,193,000.00 4.46000% 10,193,000.00 36,621.18 0.00 0.00
M-5 9,626,000.00 4.49000% 9,626,000.00 34,816.71 0.00 0.00
M-6 9,343,000.00 4.52000% 9,343,000.00 34,018.90 0.00 0.00
M-7 7,644,000.00 5.03000% 7,644,000.00 30,973.06 0.00 0.00
M-8 5,946,000.00 5.13000% 5,946,000.00 24,571.84 0.00 0.00
M-9 5,379,000.00 5.53000% 5,379,000.00 23,961.95 0.00 0.00
M-10 5,096,000.00 6.83000% 5,096,000.00 28,037.91 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
M-11 5,663,000.00 6.83000% 5,663,000.00 31,157.51 0.00 0.00
B-1 8,777,000.00 6.83000% 8,777,000.00 48,290.57 0.00 0.00
B-2 6,229,000.00 6.83000% 6,229,000.00 34,271.61 0.00 0.00
CE 6,512,839.08 0.00000% 6,511,954.80 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 566,256,939.08 1,778,487.08 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-1A 133.48 0.00 605,406.59 0.00 176,452,823.58
A-1B 33.62 0.00 152,470.01 0.00 44,113,205.89
A-2A 44.02 0.00 199,675.74 0.00 55,949,322.33
A-2B 35.91 0.00 162,880.87 0.00 50,184,000.00
A-2C 9.39 0.00 42,595.67 0.00 12,963,000.00
A-2D 25.07 0.00 113,712.96 0.00 33,778,000.00
M-1 15.89 0.00 72,053.17 0.00 20,952,000.00
M-2 14.20 0.00 64,410.97 0.00 18,686,000.00
M-3 8.43 0.00 38,239.83 0.00 11,042,000.00
M-4 8.07 0.00 36,613.11 0.00 10,193,000.00
M-5 7.67 0.00 34,809.03 0.00 9,626,000.00
M-6 7.50 0.00 34,011.40 0.00 9,343,000.00
M-7 6.83 0.00 30,966.24 0.00 7,644,000.00
M-8 5.42 0.00 24,566.43 0.00 5,946,000.00
M-9 5.28 0.00 23,956.67 0.00 5,379,000.00
M-10 6.18 0.00 28,031.73 0.00 5,096,000.00
P 0.00 0.00 440,660.37 0.00 100.00
M-11 6.87 0.00 31,150.64 0.00 5,663,000.00
B-1 10.64 0.00 48,279.92 0.00 8,777,000.00
B-2 7.55 0.00 34,264.06 0.00 6,229,000.00
CE 0.00 0.00 1,190,287.69 0.00 6,511,954.80
R 0.00 0.00 0.00 0.00 0.00
Totals 392.02 0.00 3,409,043.10 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-1A 206,792,000.00 4.06000% 895.33924634 2.92825675 0.00000000 0.00000000
A-1B 51,698,000.00 4.09000% 895.33924639 2.94989419 0.00000000 0.00000000
A-2A 79,753,000.00 3.92000% 793.03518187 2.50422893 0.00000000 0.00000000
A-2B 50,184,000.00 4.03000% 1000.00000000 3.24638889 0.00000000 0.00000000
A-2C 12,963,000.00 4.08000% 1000.00000000 3.28666667 0.00000000 0.00000000
A-2D 33,778,000.00 4.18000% 1000.00000000 3.36722216 0.00000000 0.00000000
M-1 20,952,000.00 4.27000% 1000.00000000 3.43972222 0.00000000 0.00000000
M-2 18,686,000.00 4.28000% 1000.00000000 3.44777802 0.00000000 0.00000000
M-3 11,042,000.00 4.30000% 1000.00000000 3.46388879 0.00000000 0.00000000
M-4 10,193,000.00 4.46000% 1000.00000000 3.59277740 0.00000000 0.00000000
M-5 9,626,000.00 4.49000% 1000.00000000 3.61694473 0.00000000 0.00000000
M-6 9,343,000.00 4.52000% 1000.00000000 3.64111099 0.00000000 0.00000000
M-7 7,644,000.00 5.03000% 1000.00000000 4.05194401 0.00000000 0.00000000
M-8 5,946,000.00 5.13000% 1000.00000000 4.13249916 0.00000000 0.00000000
M-9 5,379,000.00 5.53000% 1000.00000000 4.45472207 0.00000000 0.00000000
M-10 5,096,000.00 6.83000% 1000.00000000 5.50194466 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,663,000.00 6.83000% 1000.00000000 5.50194420 0.00000000 0.00000000
B-1 8,777,000.00 6.83000% 1000.00000000 5.50194486 0.00000000 0.00000000
B-2 6,229,000.00 6.83000% 1000.00000000 5.50194413 0.00000000 0.00000000
CE 6,512,839.08 0.00000% 999.86422511 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-1A 0.00064548 0.00000000 2.92761127 0.00000000 853.28650809
A-1B 0.00065032 0.00000000 2.94924388 0.00000000 853.28650799
A-2A 0.00055195 0.00000000 2.50367685 0.00000000 701.53251075
A-2B 0.00071557 0.00000000 3.24567332 0.00000000 1000.00000000
A-2C 0.00072437 0.00000000 3.28594230 0.00000000 1000.00000000
A-2D 0.00074220 0.00000000 3.36647996 0.00000000 1000.00000000
M-1 0.00075840 0.00000000 3.43896382 0.00000000 1000.00000000
M-2 0.00075993 0.00000000 3.44701755 0.00000000 1000.00000000
M-3 0.00076345 0.00000000 3.46312534 0.00000000 1000.00000000
M-4 0.00079172 0.00000000 3.59198568 0.00000000 1000.00000000
M-5 0.00079680 0.00000000 3.61614689 0.00000000 1000.00000000
M-6 0.00080274 0.00000000 3.64030825 0.00000000 1000.00000000
M-7 0.00089351 0.00000000 4.05105181 0.00000000 1000.00000000
M-8 0.00091154 0.00000000 4.13158930 0.00000000 1000.00000000
M-9 0.00098160 0.00000000 4.45374047 0.00000000 1000.00000000
M-10 0.00121272 0.00000000 5.50073195 0.00000000 1000.00000000
P 0.00000000 0.00000000 4406603.70000000 0.00000000 1000.00000000
M-11 0.00121314 0.00000000 5.50073106 0.00000000 1000.00000000
B-1 0.00121226 0.00000000 5.50073146 0.00000000 1000.00000000
B-2 0.00121207 0.00000000 5.50073206 0.00000000 1000.00000000
CE 0.00000000 0.00000000 182.76018728 0.00000000 999.86422511
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 21,336,991.23
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 103,378.62
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 440,600.37
Total Deposits 21,880,970.22
Withdrawals
Reimbursement for Servicer Advances 76,511.58
Payment of Service Fee 227,590.67
Payment of Interest and Principal 21,576,867.97
Total Withdrawals (Pool Distribution Amount) 21,880,970.22
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 392.02
SERVICING FEES
<s> <c>
Gross Servicing Fee 217,790.11
Credit Risk Manager Fee - The Murrayhill Company 6,533.70
Master Servicing Fee: Wells Fargo Bank 3,266.86
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 227,590.67
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 39 0 0 0 39
6,275,189.75 0.00 0.00 0.00 6,275,189.75
60 Days 29 1 2 0 32
3,757,571.09 245,700.88 654,385.13 0.00 4,657,657.10
90 Days 19 2 7 0 28
2,630,818.69 123,419.59 1,654,857.72 0.00 4,409,096.00
120 Days 2 0 0 0 2
276,537.53 0.00 0.00 0.00 276,537.53
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 89 3 9 0 101
12,940,117.06 369,120.47 2,309,242.85 0.00 15,618,480.38
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.246405% 0.000000% 0.000000% 0.000000% 1.246405%
1.243503% 0.000000% 0.000000% 0.000000% 1.243503%
60 Days 0.926814% 0.031959% 0.063918% 0.000000% 1.022691%
0.744607% 0.048689% 0.129674% 0.000000% 0.922970%
90 Days 0.607223% 0.063918% 0.223714% 0.000000% 0.894855%
0.521328% 0.024457% 0.327930% 0.000000% 0.873714%
120 Days 0.063918% 0.000000% 0.000000% 0.000000% 0.063918%
0.054799% 0.000000% 0.000000% 0.000000% 0.054799%
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 2.844359% 0.095877% 0.287632% 0.000000% 3.227868%
2.564237% 0.073146% 0.457604% 0.000000% 3.094986%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP 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 9 0 0 0 9
512,532.63 0.00 0.00 0.00 512,532.63
60 Days 6 0 0 0 6
307,595.44 0.00 0.00 0.00 307,595.44
90 Days 4 1 0 0 5
239,772.73 24,688.35 0.00 0.00 264,461.08
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 19 1 0 0 20
1,059,900.80 24,688.35 0.00 0.00 1,084,589.15
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
1.206334% 0.000000% 0.000000% 0.000000% 1.206334%
60 Days 0.854701% 0.000000% 0.000000% 0.000000% 0.854701%
0.723979% 0.000000% 0.000000% 0.000000% 0.723979%
90 Days 0.569801% 0.142450% 0.000000% 0.000000% 0.712251%
0.564347% 0.058108% 0.000000% 0.000000% 0.622455%
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 2.706553% 0.142450% 0.000000% 0.000000% 2.849003%
2.494660% 0.058108% 0.000000% 0.000000% 2.552768%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP 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 19 0 0 0 19
3,547,395.33 0.00 0.00 0.00 3,547,395.33
60 Days 15 1 1 0 17
2,313,416.77 245,700.88 287,914.65 0.00 2,847,032.30
90 Days 8 1 7 0 16
1,390,276.11 98,731.24 1,654,857.72 0.00 3,143,865.07
120 Days 1 0 0 0 1
212,361.70 0.00 0.00 0.00 212,361.70
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 43 2 8 0 53
7,463,449.91 344,432.12 1,942,772.37 0.00 9,750,654.40
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.344657% 0.000000% 0.000000% 0.000000% 1.344657%
1.385529% 0.000000% 0.000000% 0.000000% 1.385529%
60 Days 1.061571% 0.070771% 0.070771% 0.000000% 1.203114%
0.903566% 0.095965% 0.112453% 0.000000% 1.111984%
90 Days 0.566171% 0.070771% 0.495400% 0.000000% 1.132343%
0.543009% 0.038562% 0.646348% 0.000000% 1.227919%
120 Days 0.070771% 0.000000% 0.000000% 0.000000% 0.070771%
0.082943% 0.000000% 0.000000% 0.000000% 0.082943%
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 3.043171% 0.141543% 0.566171% 0.000000% 3.750885%
2.915047% 0.134527% 0.758801% 0.000000% 3.808375%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP III 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 5 0 0 0 5
284,394.96 0.00 0.00 0.00 284,394.96
60 Days 6 0 0 0 6
422,074.25 0.00 0.00 0.00 422,074.25
90 Days 5 0 0 0 5
320,411.43 0.00 0.00 0.00 320,411.43
120 Days 1 0 0 0 1
64,175.83 0.00 0.00 0.00 64,175.83
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 17 0 0 0 17
1,091,056.47 0.00 0.00 0.00 1,091,056.47
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.184834% 0.000000% 0.000000% 0.000000% 1.184834%
0.972920% 0.000000% 0.000000% 0.000000% 0.972920%
60 Days 1.421801% 0.000000% 0.000000% 0.000000% 1.421801%
1.443924% 0.000000% 0.000000% 0.000000% 1.443924%
90 Days 1.184834% 0.000000% 0.000000% 0.000000% 1.184834%
1.096133% 0.000000% 0.000000% 0.000000% 1.096133%
120 Days 0.236967% 0.000000% 0.000000% 0.000000% 0.236967%
0.219547% 0.000000% 0.000000% 0.000000% 0.219547%
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 4.028436% 0.000000% 0.000000% 0.000000% 4.028436%
3.732524% 0.000000% 0.000000% 0.000000% 3.732524%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP IV 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 6 0 0 0 6
1,930,866.83 0.00 0.00 0.00 1,930,866.83
60 Days 2 0 1 0 3
714,484.63 0.00 366,470.48 0.00 1,080,955.11
90 Days 2 0 0 0 2
680,358.42 0.00 0.00 0.00 680,358.42
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 10 0 1 0 11
3,325,709.88 0.00 366,470.48 0.00 3,692,180.36
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.013514% 0.000000% 0.000000% 0.000000% 1.013514%
1.091573% 0.000000% 0.000000% 0.000000% 1.091573%
60 Days 0.337838% 0.000000% 0.168919% 0.000000% 0.506757%
0.403918% 0.000000% 0.207176% 0.000000% 0.611094%
90 Days 0.337838% 0.000000% 0.000000% 0.000000% 0.337838%
0.384626% 0.000000% 0.000000% 0.000000% 0.384626%
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 1.689189% 0.000000% 0.168919% 0.000000% 1.858108%
1.880117% 0.000000% 0.207176% 0.000000% 2.087293%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 103,378.62
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 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.
GROUP 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.
GROUP III 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 IV 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 9 Nov-04 0.000%
Original Principal Balance 2,312,480.00 Dec-04 0.000%
Current Principal Balance 2,309,242.85 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 9 Apr-05 0.000%
Original Principal Balance 2,312,480.00 May-05 0.000%
Current Principal Balance 2,309,242.85 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.458%
*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 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.
GROUP II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 8 Nov-04 0.000%
Original Principal Balance 1,944,980.00 Dec-04 0.000%
Current Principal Balance 1,942,772.37 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 1,944,980.00 May-05 0.000%
Current Principal Balance 1,942,772.37 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.759%
*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 III 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 IV 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 367,500.00 Dec-04 0.000%
Current Principal Balance 366,470.48 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 367,500.00 May-05 0.000%
Current Principal Balance 366,470.48 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.207%
*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 II 0110440394 Oct-2005 01-Apr-2005 IL 80.00 200,000.00
GROUP II 0110440414 Oct-2005 01-Apr-2005 CA 80.00 260,000.00
GROUP II 0110440688 Oct-2005 01-Apr-2005 IL 80.00 268,000.00
GROUP II 0110440689 Oct-2005 01-Apr-2005 CA 77.50 310,000.00
GROUP II 0110440909 Oct-2005 01-Apr-2005 CA 80.00 332,000.00
GROUP II 0110441080 Oct-2005 01-Apr-2005 TX 95.00 188,100.00
GROUP II 0110441136 Oct-2005 01-Mar-2005 CA 80.00 288,000.00
GROUP II 0110444434 Oct-2005 01-Apr-2005 AZ 80.00 98,880.00
GROUP IV 0110441066 Oct-2005 01-Apr-2005 CA 75.00 367,500.00
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 II 0110440394 199,720.72 01-May-2005 3 7.820% 6,082.81
GROUP II 0110440414 259,485.97 01-May-2005 3 6.050% 5,988.59
GROUP II 0110440688 267,584.72 01-May-2005 3 7.300% 7,569.62
GROUP II 0110440689 309,722.46 01-May-2005 3 6.550% 7,789.20
GROUP II 0110440909 331,696.93 01-May-2005 3 6.450% 8,205.11
GROUP II 0110441080 187,900.06 01-May-2005 3 9.150% 6,764.90
GROUP II 0110441136 287,914.65 01-Jun-2005 2 6.990% 6,228.56
GROUP II 0110444434 98,746.86 01-May-2005 3 8.000% 3,081.60
GROUP IV 0110441066 366,470.48 01-Jun-2005 2 6.500% 7,319.24
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.337279%
Weighted Average Net Rate 6.837279%
Weighted Average Pass Through Rate 6.814777%
Weighted Average Maturity 338
Record Date 09/30/2005
Principal and Interest Constant 3,439,508.61
Beginning Loan Count 3,215
Loans Paid in Full 86
Ending Loan Count 3,129
Beginning Scheduled Balance 522,696,231.45
Ending Scheduled Balance 504,528,406.60
Ending Actual Balance at 30-Sep-2005 504,638,127.02
Scheduled Principal 243,143.15
Unscheduled Principal 17,924,681.70
Scheduled Interest 3,196,365.46
Servicing Fee 217,790.11
Master Servicing Fee 3,266.86
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,533.70
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,968,774.79
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 440,600.37
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 6,511,954.80
Overcollateralized Amount 6,511,954.80
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement % 0.259823%
Group Level Collateral Statement
Group GROUP I GROUP II GROUP III
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 8.794506 7.148984 9.686375
Weighted Average Net Rate 8.294505 6.648984 9.186375
Weighted Average Maturity 257 353 197
Beginning Loan Count 710 1,457 436
Loans Paid In Full 8 44 14
Ending Loan Count 702 1,413 422
Beginning Scheduled Balance 43,395,180.23 265,907,186.01 30,282,660.74
Ending Scheduled Balance 42,477,424.24 255,954,729.68 29,225,151.91
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 348,192.82 1,752,283.84 258,756.66
Scheduled Principal 30,160.19 168,145.27 14,315.66
Unscheduled Principal 887,595.80 9,784,311.06 1,043,193.17
Scheduled Interest 318,032.63 1,584,138.57 244,441.00
Servicing Fees 18,081.33 110,794.66 12,617.78
Master Servicing Fees 271.22 1,661.92 189.27
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 542.44 3,323.84 378.53
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 299,137.64 1,468,358.15 231,255.42
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 8.272006 6.626484 9.163875
Group Level Collateral Statement
Group GROUP IV Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.879447 7.337279
Weighted Average Net Rate 6.379447 6.837279
Weighted Average Maturity 355 338
Beginning Loan Count 612 3,215
Loans Paid In Full 20 86
Ending Loan Count 592 3,129
Beginning Scheduled Balance 183,111,204.47 522,696,231.45
Ending scheduled Balance 176,871,100.77 504,528,406.60
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 1,080,275.29 3,439,508.61
Scheduled Principal 30,522.03 243,143.15
Unscheduled Principal 6,209,581.67 17,924,681.70
Scheduled Interest 1,049,753.26 3,196,365.46
Servicing Fees 76,296.34 217,790.11
Master Servicing Fees 1,144.45 3,266.86
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,288.89 6,533.70
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 970,023.58 2,968,774.79
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 6.356947 6.814777
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 I 8 884,600.00 881,610.68 0 0.00 0.00
GROUP II 44 9,809,077.00 9,778,838.55 0 0.00 0.00
GROUP III 14 1,044,260.00 1,041,515.69 0 0.00 0.00
GROUP IV 20 6,210,250.00 6,209,527.68 0 0.00 0.00
Total 86 17,948,187.00 17,911,492.60 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 I 0 0.00 0.00 0 0.00 0.00 6,537.54
GROUP II 0 0.00 0.00 0 0.00 0.00 10,625.95
GROUP III 0 0.00 0.00 0 0.00 0.00 2,150.63
GROUP IV 0 0.00 0.00 0 0.00 0.00 53.99
Total 0 0.00 0.00 0 0.00 0.00 19,368.11
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 I 0110440656 CA 55.75 01-Apr-2005 160,000.00 159,028.28
GROUP I 0110443962 CA 100.00 01-May-2005 70,400.00 70,240.81
GROUP I 0110444023 CA 100.00 01-May-2005 51,400.00 51,253.14
GROUP I 0110450327 FL 95.00 01-May-2005 273,600.00 272,450.36
GROUP I 0110450575 CA 45.38 01-May-2005 177,000.00 176,256.29
GROUP I 0110451254 IL 100.00 01-May-2005 62,800.00 62,639.11
GROUP I 0110451359 CA 100.00 01-May-2005 43,000.00 42,895.19
GROUP I 0110451888 AZ 100.00 01-May-2005 46,400.00 46,295.08
GROUP II 0110440288 WI 95.00 01-Apr-2005 137,750.00 137,027.42
GROUP II 0110440298 FL 73.50 01-Apr-2005 147,000.00 146,266.85
GROUP II 0110440422 CA 80.00 01-Apr-2005 183,200.00 183,200.00
GROUP II 0110440670 CA 75.00 01-Apr-2005 285,000.00 283,399.56
GROUP II 0110440682 CA 80.00 01-Apr-2005 342,400.00 340,675.20
GROUP II 0110440698 CA 80.00 01-Apr-2005 172,800.00 172,799.17
GROUP II 0110440755 CA 80.00 01-Apr-2005 296,000.00 295,911.58
GROUP II 0110440800 CA 80.00 01-Mar-2005 296,000.00 293,600.98
GROUP II 0110440900 CA 90.00 01-Mar-2005 360,000.00 357,470.95
GROUP II 0110440934 CA 63.27 01-Apr-2005 310,000.00 310,000.00
GROUP II 0110441364 CA 80.00 01-Apr-2005 280,000.00 280,000.00
GROUP II 0110444146 CA 90.00 01-May-2005 234,000.00 232,829.93
GROUP II 0110444182 CA 80.00 01-May-2005 284,000.00 282,835.05
GROUP II 0110444184 AZ 79.98 01-May-2005 205,040.00 204,107.07
GROUP II 0110444189 MO 85.00 01-May-2005 72,675.00 72,422.30
GROUP II 0110444222 CA 80.00 01-May-2005 281,600.00 281,600.00
GROUP II 0110444226 CA 49.07 01-May-2005 158,000.00 157,285.36
GROUP II 0110444312 AZ 75.00 01-Apr-2005 165,562.00 164,685.54
GROUP II 0110444314 CA 44.60 01-Apr-2005 111,500.00 110,990.59
GROUP II 0110444393 CA 80.00 01-May-2005 205,600.00 205,600.00
GROUP II 0110444453 CA 66.12 01-Apr-2005 162,000.00 161,053.97
GROUP II 0110444489 CA 75.00 01-May-2005 214,500.00 214,500.00
GROUP II 0110444590 CA 85.00 01-Apr-2005 293,250.00 291,537.64
GROUP II 0110450290 IL 95.00 01-May-2005 263,150.00 263,149.72
GROUP II 0110450314 IL 80.00 01-May-2005 232,000.00 228,682.65
GROUP II 0110450337 NV 80.00 01-May-2005 120,000.00 119,570.30
GROUP II 0110450545 CA 85.00 01-May-2005 170,000.00 169,184.21
GROUP II 0110450598 CA 90.00 01-May-2005 333,000.00 331,328.39
GROUP II 0110450779 CA 80.00 01-May-2005 248,000.00 246,982.74
GROUP II 0110450860 CA 81.82 01-May-2005 270,000.00 270,000.00
GROUP II 0110450949 FL 95.00 01-May-2005 133,000.00 132,553.09
GROUP II 0110450990 CA 80.00 01-May-2005 348,800.00 348,800.00
GROUP II 0110451010 IL 90.00 01-May-2005 315,000.00 312,533.56
GROUP II 0110451251 CA 80.00 01-May-2005 260,000.00 258,632.40
GROUP II 0110451255 IL 80.00 01-May-2005 251,200.00 249,908.32
GROUP II 0110451308 TX 80.00 01-May-2005 108,000.00 107,345.92
GROUP II 0110451347 CA 80.00 01-May-2005 164,000.00 164,000.00
GROUP II 0110451786 FL 85.00 01-May-2005 170,000.00 169,402.29
GROUP II 0110451828 IL 72.35 01-Jun-2005 129,500.00 128,970.62
GROUP II 0110451863 CA 75.00 01-May-2005 142,500.00 142,048.08
GROUP II 0110451885 CA 85.00 01-May-2005 341,700.00 341,700.00
GROUP II 0110451889 AZ 80.00 01-May-2005 185,600.00 184,763.81
GROUP II 0110465523 FL 65.00 01-Jun-2005 107,250.00 106,804.39
GROUP II 0110465526 CA 70.00 01-Jun-2005 318,500.00 317,525.46
GROUP III 0110440404 CA 95.00 01-Apr-2005 91,500.00 91,238.68
GROUP III 0110440421 CA 100.00 01-Apr-2005 45,800.00 45,658.18
GROUP III 0110440511 CA 100.00 01-Apr-2005 114,000.00 113,602.89
GROUP III 0110440693 CA 100.00 01-Apr-2005 43,200.00 43,059.72
GROUP III 0110440754 CA 100.00 01-Apr-2005 74,000.00 73,730.70
GROUP III 0110440797 CA 100.00 01-Mar-2005 74,000.00 73,769.99
GROUP III 0110440896 CA 100.00 01-Apr-2005 71,800.00 71,554.62
GROUP III 0110441242 CA 100.00 01-Mar-2005 63,500.00 63,250.97
GROUP III 0110441363 CA 100.00 01-Apr-2005 70,000.00 69,795.34
GROUP III 0110443904 CA 100.00 01-May-2005 114,000.00 113,688.03
GROUP III 0110443928 CA 100.00 01-May-2005 103,000.00 102,774.01
GROUP III 0110443941 AZ 99.98 01-May-2005 51,260.00 51,120.75
GROUP III 0110450307 CA 100.00 01-May-2005 87,200.00 86,893.40
GROUP III 0110451346 CA 100.00 01-May-2005 41,000.00 40,905.26
GROUP IV 0110440276 CA 89.94 01-Apr-2005 463,200.00 463,200.00
GROUP IV 0110440397 CA 85.00 01-Apr-2005 365,500.00 365,500.00
GROUP IV 0110440417 CA 80.00 01-Apr-2005 488,000.00 488,000.00
GROUP IV 0110440512 CA 80.00 01-Apr-2005 456,000.00 456,000.00
GROUP IV 0110440558 CA 89.82 01-Apr-2005 459,000.00 459,000.00
GROUP IV 0110440644 CA 80.00 01-Apr-2005 228,000.00 227,932.73
GROUP IV 0110440808 CA 90.00 01-Apr-2005 225,000.00 224,919.93
GROUP IV 0110440897 CA 80.00 01-Apr-2005 287,200.00 287,200.00
GROUP IV 0110441033 CA 90.00 01-Apr-2005 211,500.00 210,925.02
GROUP IV 0110441244 CA 80.00 01-Mar-2005 254,000.00 254,000.00
GROUP IV 0110444247 CA 79.32 01-May-2005 234,000.00 234,000.00
GROUP IV 0110444615 CA 75.00 01-Apr-2005 332,250.00 332,250.00
GROUP IV 0110450637 MO 80.00 01-May-2005 105,600.00 105,600.00
GROUP IV 0110450815 CA 85.00 01-May-2005 442,000.00 442,000.00
GROUP IV 0110451192 CA 90.00 01-May-2005 427,500.00 427,500.00
GROUP IV 0110451193 CA 85.00 01-May-2005 204,000.00 204,000.00
GROUP IV 0110451360 CA 80.00 01-May-2005 172,000.00 172,000.00
GROUP IV 0110451807 CA 82.65 01-May-2005 324,000.00 324,000.00
GROUP IV 0110452012 CA 35.56 01-May-2005 240,000.00 240,000.00
GROUP IV 0110465567 CA 48.58 01-May-2005 291,500.00 291,500.00
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
GROUP I 0110440656 Loan Paid in Full 0 7.590% 360 6
GROUP I 0110443962 Loan Paid in Full 1 10.850% 180 5
GROUP I 0110444023 Loan Paid in Full (1) 9.750% 180 5
GROUP I 0110450327 Loan Paid in Full (1) 7.870% 360 5
GROUP I 0110450575 Loan Paid in Full 0 7.870% 360 5
GROUP I 0110451254 Loan Paid in Full (1) 11.400% 180 5
GROUP I 0110451359 Loan Paid in Full 0 10.500% 180 5
GROUP I 0110451888 Loan Paid in Full (1) 10.850% 180 5
GROUP II 0110440288 Loan Paid in Full 0 7.920% 360 6
GROUP II 0110440298 Loan Paid in Full 0 7.800% 360 6
GROUP II 0110440422 Loan Paid in Full (1) 6.770% 360 6
GROUP II 0110440670 Loan Paid in Full (1) 7.200% 360 6
GROUP II 0110440682 Loan Paid in Full 0 7.750% 360 6
GROUP II 0110440698 Loan Paid in Full 0 7.550% 360 6
GROUP II 0110440755 Loan Paid in Full (1) 6.820% 360 6
GROUP II 0110440800 Loan Paid in Full 0 6.000% 360 7
GROUP II 0110440900 Loan Paid in Full (1) 6.750% 360 7
GROUP II 0110440934 Loan Paid in Full 1 6.670% 360 6
GROUP II 0110441364 Loan Paid in Full (1) 7.075% 360 6
GROUP II 0110444146 Loan Paid in Full 0 6.990% 360 5
GROUP II 0110444182 Loan Paid in Full 0 7.990% 360 5
GROUP II 0110444184 Loan Paid in Full 0 7.470% 360 5
GROUP II 0110444189 Loan Paid in Full 0 8.870% 360 5
GROUP II 0110444222 Loan Paid in Full 1 7.670% 360 5
GROUP II 0110444226 Loan Paid in Full (1) 7.500% 360 5
GROUP II 0110444312 Loan Paid in Full 0 7.500% 360 6
GROUP II 0110444314 Loan Paid in Full (1) 8.550% 360 6
GROUP II 0110444393 Loan Paid in Full (1) 7.500% 360 5
GROUP II 0110444453 Loan Paid in Full 0 7.000% 360 6
GROUP II 0110444489 Loan Paid in Full (1) 7.270% 360 5
GROUP II 0110444590 Loan Paid in Full 0 7.000% 360 6
GROUP II 0110450290 Loan Paid in Full (1) 9.170% 360 5
GROUP II 0110450314 Loan Paid in Full (1) 6.450% 360 5
GROUP II 0110450337 Loan Paid in Full (1) 8.690% 360 5
GROUP II 0110450545 Loan Paid in Full (1) 7.200% 360 5
GROUP II 0110450598 Loan Paid in Full 0 6.970% 360 5
GROUP II 0110450779 Loan Paid in Full 0 7.990% 360 5
GROUP II 0110450860 Loan Paid in Full (1) 6.120% 360 5
GROUP II 0110450949 Loan Paid in Full (1) 8.970% 360 5
GROUP II 0110450990 Loan Paid in Full (1) 6.990% 360 5
GROUP II 0110451010 Loan Paid in Full (1) 6.250% 360 5
GROUP II 0110451251 Loan Paid in Full 1 6.890% 360 5
GROUP II 0110451255 Loan Paid in Full (1) 6.850% 360 5
GROUP II 0110451308 Loan Paid in Full (1) 6.270% 360 5
GROUP II 0110451347 Loan Paid in Full (1) 7.970% 360 5
GROUP II 0110451786 Loan Paid in Full 0 8.750% 360 5
GROUP II 0110451828 Loan Paid in Full 0 7.350% 360 4
GROUP II 0110451863 Loan Paid in Full 0 9.250% 360 5
GROUP II 0110451885 Loan Paid in Full 0 6.090% 360 5
GROUP II 0110451889 Loan Paid in Full (1) 7.520% 360 5
GROUP II 0110465523 Loan Paid in Full (1) 6.990% 360 4
GROUP II 0110465526 Loan Paid in Full (1) 8.520% 360 4
GROUP III 0110440404 Loan Paid in Full (1) 10.500% 180 6
GROUP III 0110440421 Loan Paid in Full (1) 10.120% 180 6
GROUP III 0110440511 Loan Paid in Full 0 10.250% 180 6
GROUP III 0110440693 Loan Paid in Full 0 9.900% 180 6
GROUP III 0110440754 Loan Paid in Full (1) 9.990% 180 6
GROUP III 0110440797 Loan Paid in Full 0 10.750% 180 7
GROUP III 0110440896 Loan Paid in Full (1) 9.650% 180 6
GROUP III 0110441242 Loan Paid in Full 0 9.650% 180 7
GROUP III 0110441363 Loan Paid in Full (1) 10.390% 180 6
GROUP III 0110443904 Loan Paid in Full 0 10.250% 180 5
GROUP III 0110443928 Loan Paid in Full (1) 10.990% 180 5
GROUP III 0110443941 Loan Paid in Full (1) 9.990% 180 5
GROUP III 0110450307 Loan Paid in Full (1) 8.750% 180 5
GROUP III 0110451346 Loan Paid in Full (1) 10.750% 180 5
GROUP IV 0110440276 Loan Paid in Full (1) 7.670% 360 6
GROUP IV 0110440397 Loan Paid in Full (1) 6.670% 360 6
GROUP IV 0110440417 Loan Paid in Full (1) 6.990% 360 6
GROUP IV 0110440512 Loan Paid in Full 0 6.990% 360 6
GROUP IV 0110440558 Loan Paid in Full 0 6.990% 360 6
GROUP IV 0110440644 Loan Paid in Full 0 7.130% 360 6
GROUP IV 0110440808 Loan Paid in Full (1) 7.400% 360 6
GROUP IV 0110440897 Loan Paid in Full 0 7.630% 360 6
GROUP IV 0110441033 Loan Paid in Full (1) 7.920% 360 6
GROUP IV 0110441244 Loan Paid in Full 0 7.130% 360 7
GROUP IV 0110444247 Loan Paid in Full (1) 7.270% 360 5
GROUP IV 0110444615 Loan Paid in Full 0 6.200% 360 6
GROUP IV 0110450637 Loan Paid in Full 0 9.850% 360 5
GROUP IV 0110450815 Loan Paid in Full 0 8.220% 360 5
GROUP IV 0110451192 Loan Paid in Full (1) 6.990% 360 5
GROUP IV 0110451193 Loan Paid in Full 0 7.670% 360 5
GROUP IV 0110451360 Loan Paid in Full 0 6.990% 360 5
GROUP IV 0110451807 Loan Paid in Full (1) 7.500% 360 5
GROUP IV 0110452012 Loan Paid in Full 0 7.500% 360 5
GROUP IV 0110465567 Loan Paid in Full 0 5.850% 360 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.431% Current Month 34.225% Current Month 3,210.076%
3 Month Average 2.705% 3 Month Average 27.803% 3 Month Average 3,184.272%
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 11.467% N/A Jun-2005 4,275.975% N/A
Jul-2005 21.945% N/A Jul-2005 4,684.616% N/A
Aug-2005 19.485% N/A Aug-2005 2,917.918% N/A
Sep-2005 29.700% N/A Sep-2005 3,424.821% N/A
Oct-2005 34.225% N/A Oct-2005 3,210.076% 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 I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.047% Current Month 21.977% Current Month 2,083.700%
3 Month Average 1.320% 3 Month Average 14.551% 3 Month Average 1,631.850%
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 13.317% N/A Jun-2005 5,255.433% N/A
Jul-2005 13.663% N/A Jul-2005 3,006.420% N/A
Aug-2005 7.681% N/A Aug-2005 1,173.793% N/A
Sep-2005 13.994% N/A Sep-2005 1,638.056% N/A
Oct-2005 21.977% N/A Oct-2005 2,083.700% 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 II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.682% Current Month 36.248% Current Month 3,403.434%
3 Month Average 3.086% 3 Month Average 31.024% 3 Month Average 3,565.792%
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 12.200% N/A Jun-2005 4,585.593% N/A
Jul-2005 21.288% N/A Jul-2005 4,566.790% N/A
Aug-2005 20.967% N/A Aug-2005 3,150.417% N/A
Sep-2005 35.857% N/A Sep-2005 4,143.526% N/A
Oct-2005 36.248% N/A Oct-2005 3,403.434% 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 III
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.446% Current Month 34.353% Current Month 3,253.431%
3 Month Average 2.140% 3 Month Average 22.313% 3 Month Average 2,600.261%
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 15.288% N/A Jun-2005 5,817.789% N/A
Jul-2005 13.074% N/A Jul-2005 2,826.166% N/A
Aug-2005 21.569% N/A Aug-2005 3,265.148% N/A
Sep-2005 11.016% N/A Sep-2005 1,282.203% N/A
Oct-2005 34.353% N/A Oct-2005 3,253.431% 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 IV
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.392% Current Month 33.904% Current Month 3,161.907%
3 Month Average 2.564% 3 Month Average 26.557% 3 Month Average 3,018.024%
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 9.301% N/A Jun-2005 3,375.633% N/A
Jul-2005 25.971% N/A Jul-2005 5,456.010% N/A
Aug-2005 19.505% N/A Aug-2005 2,887.958% N/A
Sep-2005 26.263% N/A Sep-2005 3,004.207% N/A
Oct-2005 33.904% N/A Oct-2005 3,161.907% 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 I 0 0.00 0.00 0.000%
GROUP II 0 0.00 0.00 0.000%
GROUP III 0 0.00 0.00 0.000%
GROUP IV 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 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 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A 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 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 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 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A 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 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 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 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A 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 III
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 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 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A 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 IV
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 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 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A 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>