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-HE3 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-01
Pooling and Servicing Agreement) (Commission 54-2173089
(State or other File Number) 54-2173090
jurisdiction 54-2173091
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On October 25, 2005 a distribution was made to holders of ACE SECURITIES CORP.
HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-HE3 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-HE3 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-HE3 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-HE3 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-HE3
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 004421MX8 SEN 4.05000% 327,787,036.24 1,069,405.21
A-1B 004421MY6 SEN 4.09000% 81,947,648.99 269,994.74
A-2A 004421MZ3 SEN 3.93000% 180,607,873.46 571,774.43
A-2B 004421NA7 SEN 4.04000% 119,685,000.00 389,508.18
A-2C 004421NB5 SEN 4.15000% 49,096,000.00 164,130.66
M-1 004421NC3 MEZ 4.26000% 58,358,000.00 200,265.20
M-2 004421ND1 MEZ 4.28000% 35,451,000.00 122,227.17
M-3 004421NE9 MEZ 4.30000% 22,362,000.00 77,459.48
M-4 004421NF6 MEZ 4.46000% 19,634,000.00 70,540.60
M-5 004421NG4 MEZ 4.49000% 18,544,000.00 67,072.62
M-6 004421NH2 MEZ 4.52000% 17,998,000.00 65,532.72
M-7 004421NJ8 MEZ 5.13000% 14,180,000.00 58,598.85
M-8 004421NK5 MEZ 5.18000% 13,090,000.00 54,621.66
M-9 004421NL3 MEZ 5.63000% 10,908,000.00 49,470.81
B-1 004421NM1 SUB 7.08000% 6,545,000.00 37,328.32
B-2 004421NN9 SUB 7.08000% 10,908,000.00 62,211.96
B-3 004421NP4 SUB 7.08000% 8,181,000.00 46,658.97
CE ACE05H2CE SEN 0.00000% 5,454,025.98 2,177,173.59
P ACE05HE2P SEN 0.00000% 100.00 544,901.26
R-1 ACE05H3R1 SEN 0.00000% 0.00 0.00
Totals 1,000,736,684.67 6,098,876.43
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 15,616,397.94 0.00 312,170,638.30 16,685,803.15 0.00
A-1B 3,904,141.88 0.00 78,043,507.11 4,174,136.62 0.00
A-2A 17,425,100.58 0.00 163,182,772.88 17,996,875.01 0.00
A-2B 0.00 0.00 119,685,000.00 389,508.18 0.00
A-2C 0.00 0.00 49,096,000.00 164,130.66 0.00
M-1 0.00 0.00 58,358,000.00 200,265.20 0.00
M-2 0.00 0.00 35,451,000.00 122,227.17 0.00
M-3 0.00 0.00 22,362,000.00 77,459.48 0.00
M-4 0.00 0.00 19,634,000.00 70,540.60 0.00
M-5 0.00 0.00 18,544,000.00 67,072.62 0.00
M-6 0.00 0.00 17,998,000.00 65,532.72 0.00
M-7 0.00 0.00 14,180,000.00 58,598.85 0.00
M-8 0.00 0.00 13,090,000.00 54,621.66 0.00
M-9 0.00 0.00 10,908,000.00 49,470.81 0.00
B-1 0.00 0.00 6,545,000.00 37,328.32 0.00
B-2 0.00 0.00 10,908,000.00 62,211.96 0.00
B-3 0.00 0.00 8,181,000.00 46,658.97 0.00
CE 0.00 0.00 5,454,025.98 2,177,173.59 0.00
P 0.00 0.00 100.00 544,901.26 0.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 36,945,640.40 0.00 963,791,044.27 43,044,516.83 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 368,328,000.00 327,787,036.24 0.00 15,616,397.94 0.00 0.00
A-1B 92,083,000.00 81,947,648.99 0.00 3,904,141.88 0.00 0.00
A-2A 220,000,000.00 180,607,873.46 0.00 17,425,100.58 0.00 0.00
A-2B 119,685,000.00 119,685,000.00 0.00 0.00 0.00 0.00
A-2C 49,096,000.00 49,096,000.00 0.00 0.00 0.00 0.00
M-1 58,358,000.00 58,358,000.00 0.00 0.00 0.00 0.00
M-2 35,451,000.00 35,451,000.00 0.00 0.00 0.00 0.00
M-3 22,362,000.00 22,362,000.00 0.00 0.00 0.00 0.00
M-4 19,634,000.00 19,634,000.00 0.00 0.00 0.00 0.00
M-5 18,544,000.00 18,544,000.00 0.00 0.00 0.00 0.00
M-6 17,998,000.00 17,998,000.00 0.00 0.00 0.00 0.00
M-7 14,180,000.00 14,180,000.00 0.00 0.00 0.00 0.00
M-8 13,090,000.00 13,090,000.00 0.00 0.00 0.00 0.00
M-9 10,908,000.00 10,908,000.00 0.00 0.00 0.00 0.00
B-1 6,545,000.00 6,545,000.00 0.00 0.00 0.00 0.00
B-2 10,908,000.00 10,908,000.00 0.00 0.00 0.00 0.00
B-3 8,181,000.00 8,181,000.00 0.00 0.00 0.00 0.00
CE 5,454,097.00 5,454,025.98 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,090,805,197.00 1,000,736,684.67 0.00 36,945,640.40 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 15,616,397.94 312,170,638.30 0.84753437 15,616,397.94
A-1B 3,904,141.88 78,043,507.11 0.84753437 3,904,141.88
A-2A 17,425,100.58 163,182,772.88 0.74173988 17,425,100.58
A-2B 0.00 119,685,000.00 1.00000000 0.00
A-2C 0.00 49,096,000.00 1.00000000 0.00
M-1 0.00 58,358,000.00 1.00000000 0.00
M-2 0.00 35,451,000.00 1.00000000 0.00
M-3 0.00 22,362,000.00 1.00000000 0.00
M-4 0.00 19,634,000.00 1.00000000 0.00
M-5 0.00 18,544,000.00 1.00000000 0.00
M-6 0.00 17,998,000.00 1.00000000 0.00
M-7 0.00 14,180,000.00 1.00000000 0.00
M-8 0.00 13,090,000.00 1.00000000 0.00
M-9 0.00 10,908,000.00 1.00000000 0.00
B-1 0.00 6,545,000.00 1.00000000 0.00
B-2 0.00 10,908,000.00 1.00000000 0.00
B-3 0.00 8,181,000.00 1.00000000 0.00
CE 0.00 5,454,025.98 0.99998698 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
Totals 36,945,640.40 963,791,044.27 0.88355927 36,945,640.40
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 368,328,000.00 889.93244130 0.00000000 42.39807438 0.00000000
A-1B 92,083,000.00 889.93244128 0.00000000 42.39807435 0.00000000
A-2A 220,000,000.00 820.94487936 0.00000000 79.20500264 0.00000000
A-2B 119,685,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 49,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 58,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 35,451,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 22,362,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 19,634,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 18,544,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 17,998,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 14,180,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 13,090,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 10,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 6,545,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 10,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 8,181,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 5,454,097.00 999.98697860 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 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 42.39807438 847.53436692 0.84753437 42.39807438
A-1B 0.00000000 42.39807435 847.53436693 0.84753437 42.39807435
A-2A 0.00000000 79.20500264 741.73987673 0.74173988 79.20500264
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
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
B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.98697860 0.99998698 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 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 368,328,000.00 4.05000% 327,787,036.24 1,069,405.21 0.00 0.00
A-1B 92,083,000.00 4.09000% 81,947,648.99 269,994.74 0.00 0.00
A-2A 220,000,000.00 3.93000% 180,607,873.46 571,774.43 0.00 0.00
A-2B 119,685,000.00 4.04000% 119,685,000.00 389,508.18 0.00 0.00
A-2C 49,096,000.00 4.15000% 49,096,000.00 164,130.66 0.00 0.00
M-1 58,358,000.00 4.26000% 58,358,000.00 200,265.20 0.00 0.00
M-2 35,451,000.00 4.28000% 35,451,000.00 122,227.17 0.00 0.00
M-3 22,362,000.00 4.30000% 22,362,000.00 77,459.48 0.00 0.00
M-4 19,634,000.00 4.46000% 19,634,000.00 70,540.60 0.00 0.00
M-5 18,544,000.00 4.49000% 18,544,000.00 67,072.62 0.00 0.00
M-6 17,998,000.00 4.52000% 17,998,000.00 65,532.72 0.00 0.00
M-7 14,180,000.00 5.13000% 14,180,000.00 58,598.85 0.00 0.00
M-8 13,090,000.00 5.18000% 13,090,000.00 54,621.66 0.00 0.00
M-9 10,908,000.00 5.63000% 10,908,000.00 49,470.81 0.00 0.00
B-1 6,545,000.00 7.08000% 6,545,000.00 37,328.32 0.00 0.00
B-2 10,908,000.00 7.08000% 10,908,000.00 62,211.96 0.00 0.00
B-3 8,181,000.00 7.08000% 8,181,000.00 46,658.97 0.00 0.00
CE 5,454,097.00 0.00000% 1,000,736,684.68 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,090,805,197.00 3,376,801.58 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 0.00 0.00 1,069,405.21 0.00 312,170,638.30
A-1B 0.00 0.00 269,994.74 0.00 78,043,507.11
A-2A 0.00 0.00 571,774.43 0.00 163,182,772.88
A-2B 0.00 0.00 389,508.18 0.00 119,685,000.00
A-2C 0.00 0.00 164,130.66 0.00 49,096,000.00
M-1 0.00 0.00 200,265.20 0.00 58,358,000.00
M-2 0.00 0.00 122,227.17 0.00 35,451,000.00
M-3 0.00 0.00 77,459.48 0.00 22,362,000.00
M-4 0.00 0.00 70,540.60 0.00 19,634,000.00
M-5 0.00 0.00 67,072.62 0.00 18,544,000.00
M-6 0.00 0.00 65,532.72 0.00 17,998,000.00
M-7 0.00 0.00 58,598.85 0.00 14,180,000.00
M-8 0.00 0.00 54,621.66 0.00 13,090,000.00
M-9 0.00 0.00 49,470.81 0.00 10,908,000.00
B-1 0.00 0.00 37,328.32 0.00 6,545,000.00
B-2 0.00 0.00 62,211.96 0.00 10,908,000.00
B-3 0.00 0.00 46,658.97 0.00 8,181,000.00
CE 0.00 0.00 2,177,173.59 0.00 963,791,044.28
P 0.00 0.00 544,901.26 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,098,876.43 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 368,328,000.00 4.05000% 889.93244130 2.90340460 0.00000000 0.00000000
A-1B 92,083,000.00 4.09000% 889.93244128 2.93208019 0.00000000 0.00000000
A-2A 220,000,000.00 3.93000% 820.94487936 2.59897468 0.00000000 0.00000000
A-2B 119,685,000.00 4.04000% 1000.00000000 3.25444442 0.00000000 0.00000000
A-2C 49,096,000.00 4.15000% 1000.00000000 3.34305565 0.00000000 0.00000000
M-1 58,358,000.00 4.26000% 1000.00000000 3.43166661 0.00000000 0.00000000
M-2 35,451,000.00 4.28000% 1000.00000000 3.44777778 0.00000000 0.00000000
M-3 22,362,000.00 4.30000% 1000.00000000 3.46388874 0.00000000 0.00000000
M-4 19,634,000.00 4.46000% 1000.00000000 3.59277783 0.00000000 0.00000000
M-5 18,544,000.00 4.49000% 1000.00000000 3.61694456 0.00000000 0.00000000
M-6 17,998,000.00 4.52000% 1000.00000000 3.64111123 0.00000000 0.00000000
M-7 14,180,000.00 5.13000% 1000.00000000 4.13250000 0.00000000 0.00000000
M-8 13,090,000.00 5.18000% 1000.00000000 4.17277769 0.00000000 0.00000000
M-9 10,908,000.00 5.63000% 1000.00000000 4.53527778 0.00000000 0.00000000
B-1 6,545,000.00 7.08000% 1000.00000000 5.70333384 0.00000000 0.00000000
B-2 10,908,000.00 7.08000% 1000.00000000 5.70333333 0.00000000 0.00000000
B-3 8,181,000.00 7.08000% 1000.00000000 5.70333333 0.00000000 0.00000000
CE 5,454,097.00 0.00000% 183483.47759125 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 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 0.00000000 0.00000000 2.90340460 0.00000000 847.53436692
A-1B 0.00000000 0.00000000 2.93208019 0.00000000 847.53436693
A-2A 0.00000000 0.00000000 2.59897468 0.00000000 741.73987673
A-2B 0.00000000 0.00000000 3.25444442 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.34305565 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.43166661 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.44777778 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.46388874 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.59277783 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.61694456 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.64111123 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.13250000 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.17277769 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.53527778 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.70333384 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 5.70333333 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 5.70333333 0.00000000 1000.00000000
CE 0.00000000 0.00000000 399.18131086 0.00000000 176709.55325510
P 0.00000000 0.00000000 5449012.60000000 0.00000000 1000.00000000
R-1 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 42,891,441.23
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 415,647.73
Realized Loss (Gains, Subsequent Expenses & Recoveries) (29.60)
Prepayment Penalties 544,901.26
Total Deposits 43,851,960.62
Withdrawals
Reimbursement for Servicer Advances 376,292.95
Payment of Service Fee 431,150.84
Payment of Interest and Principal 43,044,516.83
Total Withdrawals (Pool Distribution Amount) 43,851,960.62
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 416,973.64
Credit Risk Manager Fee - Murray Hill Company 11,675.21
Master Servicing Fee: Wells Fargo Bank 2,501.99
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 431,150.84
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 3,932.69 3,932.69 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 14 0 0 14
1,394,479.25 0.00 0.00 1,394,479.25
30 Days 208 2 1 0 211
31,833,456.73 479,379.94 169,163.73 0.00 32,482,000.40
60 Days 96 1 3 0 100
12,956,705.09 144,728.09 655,143.03 0.00 13,756,576.21
90 Days 37 1 27 0 65
4,763,052.75 74,894.13 3,489,834.09 0.00 8,327,780.97
120 Days 14 2 32 1 49
1,676,083.19 485,550.00 5,134,643.23 140,000.00 7,436,276.42
150 Days 4 1 2 0 7
938,400.00 106,079.00 408,597.00 0.00 1,453,076.00
180+ Days 0 0 1 0 1
0.00 0.00 512,800.00 0.00 512,800.00
Totals 359 21 66 1 447
52,167,697.76 2,685,110.41 10,370,181.08 140,000.00 65,362,989.25
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 0.225661% 0.000000% 0.000000% 0.225661%
0.144594% 0.000000% 0.000000% 0.144594%
30 Days 3.352676% 0.032237% 0.016119% 0.000000% 3.401032%
3.300820% 0.049707% 0.017541% 0.000000% 3.368068%
60 Days 1.547389% 0.016119% 0.048356% 0.000000% 1.611863%
1.343484% 0.015007% 0.067932% 0.000000% 1.426423%
90 Days 0.596389% 0.016119% 0.435203% 0.000000% 1.047711%
0.493882% 0.007766% 0.361862% 0.000000% 0.863510%
120 Days 0.225661% 0.032237% 0.515796% 0.016119% 0.789813%
0.173794% 0.050347% 0.532413% 0.014517% 0.771070%
150 Days 0.064475% 0.016119% 0.032237% 0.000000% 0.112830%
0.097303% 0.010999% 0.042368% 0.000000% 0.150670%
180+ Days 0.000000% 0.000000% 0.016119% 0.000000% 0.016119%
0.000000% 0.000000% 0.053172% 0.000000% 0.053172%
Totals 5.786589% 0.338491% 1.063830% 0.016119% 7.205029%
5.409283% 0.278420% 1.075287% 0.014517% 6.777507%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group I SubGrp I No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 2 0 0 2
100,583.12 0.00 0.00 100,583.12
30 Days 30 0 0 0 30
2,243,351.68 0.00 0.00 0.00 2,243,351.68
60 Days 10 0 1 0 11
689,943.37 0.00 50,917.63 0.00 740,861.00
90 Days 9 0 2 0 11
376,159.15 0.00 131,198.97 0.00 507,358.12
120 Days 6 0 0 0 6
265,791.66 0.00 0.00 0.00 265,791.66
150 Days 1 0 0 0 1
112,500.00 0.00 0.00 0.00 112,500.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 56 2 3 0 61
3,687,745.86 100,583.12 182,116.60 0.00 3,970,445.58
0-29 Days 0.149031% 0.000000% 0.000000% 0.149031%
0.108185% 0.000000% 0.000000% 0.108185%
30 Days 2.235469% 0.000000% 0.000000% 0.000000% 2.235469%
2.412910% 0.000000% 0.000000% 0.000000% 2.412910%
60 Days 0.745156% 0.000000% 0.074516% 0.000000% 0.819672%
0.742091% 0.000000% 0.054766% 0.000000% 0.796857%
90 Days 0.670641% 0.000000% 0.149031% 0.000000% 0.819672%
0.404590% 0.000000% 0.141115% 0.000000% 0.545706%
120 Days 0.447094% 0.000000% 0.000000% 0.000000% 0.447094%
0.285881% 0.000000% 0.000000% 0.000000% 0.285881%
150 Days 0.074516% 0.000000% 0.000000% 0.000000% 0.074516%
0.121003% 0.000000% 0.000000% 0.000000% 0.121003%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.172876% 0.149031% 0.223547% 0.000000% 4.545455%
3.966475% 0.108185% 0.195881% 0.000000% 4.270542%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group I SubGrp 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 8 0 0 8
855,230.19 0.00 0.00 855,230.19
30 Days 119 1 0 0 120
15,727,642.83 322,444.60 0.00 0.00 16,050,087.43
60 Days 66 1 1 0 68
7,567,156.41 144,728.09 148,225.40 0.00 7,860,109.90
90 Days 16 1 19 0 36
1,887,381.08 74,894.13 1,923,499.48 0.00 3,885,774.69
120 Days 6 1 24 1 32
839,436.42 53,550.00 2,730,802.49 140,000.00 3,763,788.91
150 Days 1 1 1 0 3
96,900.00 106,079.00 58,197.00 0.00 261,176.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 208 13 45 1 267
26,118,516.74 1,556,926.01 4,860,724.37 140,000.00 32,676,167.12
0-29 Days 0.259488% 0.000000% 0.000000% 0.259488%
0.199553% 0.000000% 0.000000% 0.199553%
30 Days 3.859877% 0.032436% 0.000000% 0.000000% 3.892313%
3.669770% 0.075237% 0.000000% 0.000000% 3.745007%
60 Days 2.140772% 0.032436% 0.032436% 0.000000% 2.205644%
1.765663% 0.033770% 0.034586% 0.000000% 1.834019%
90 Days 0.518975% 0.032436% 0.616283% 0.000000% 1.167694%
0.440387% 0.017475% 0.448815% 0.000000% 0.906677%
120 Days 0.194616% 0.032436% 0.778463% 0.032436% 1.037950%
0.195868% 0.012495% 0.637185% 0.032667% 0.878214%
150 Days 0.032436% 0.032436% 0.032436% 0.000000% 0.097308%
0.022610% 0.024752% 0.013579% 0.000000% 0.060941%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 6.746675% 0.421667% 1.459617% 0.032436% 8.660396%
6.094299% 0.363281% 1.134165% 0.032667% 7.624411%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Grp II SubGrp I No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 2 0 0 2
62,256.78 0.00 0.00 62,256.78
30 Days 15 0 0 0 15
1,507,902.37 0.00 0.00 0.00 1,507,902.37
60 Days 6 0 0 0 6
477,352.00 0.00 0.00 0.00 477,352.00
90 Days 5 0 1 0 6
354,270.50 0.00 391,023.48 0.00 745,293.98
120 Days 1 0 0 0 1
50,865.11 0.00 0.00 0.00 50,865.11
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 27 2 1 0 30
2,390,389.98 62,256.78 391,023.48 0.00 2,843,670.24
0-29 Days 0.350877% 0.000000% 0.000000% 0.350877%
0.105343% 0.000000% 0.000000% 0.105343%
30 Days 2.631579% 0.000000% 0.000000% 0.000000% 2.631579%
2.551483% 0.000000% 0.000000% 0.000000% 2.551483%
60 Days 1.052632% 0.000000% 0.000000% 0.000000% 1.052632%
0.807715% 0.000000% 0.000000% 0.000000% 0.807715%
90 Days 0.877193% 0.000000% 0.175439% 0.000000% 1.052632%
0.599452% 0.000000% 0.661641% 0.000000% 1.261093%
120 Days 0.175439% 0.000000% 0.000000% 0.000000% 0.175439%
0.086068% 0.000000% 0.000000% 0.000000% 0.086068%
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 4.736842% 0.350877% 0.175439% 0.000000% 5.263158%
4.044718% 0.105343% 0.661641% 0.000000% 4.811702%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Grp II SubGrp 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 2 0 0 2
376,409.16 0.00 0.00 376,409.16
30 Days 44 1 1 0 46
12,354,559.85 156,935.34 169,163.73 0.00 12,680,658.92
60 Days 14 0 1 0 15
4,222,253.31 0.00 456,000.00 0.00 4,678,253.31
90 Days 7 0 5 0 12
2,145,242.02 0.00 1,044,112.16 0.00 3,189,354.18
120 Days 1 1 8 0 10
519,990.00 432,000.00 2,403,840.74 0.00 3,355,830.74
150 Days 2 0 1 0 3
729,000.00 0.00 350,400.00 0.00 1,079,400.00
180+ Days 0 0 1 0 1
0.00 0.00 512,800.00 0.00 512,800.00
Totals 68 4 17 0 89
19,971,045.18 965,344.50 4,936,316.63 0.00 25,872,706.31
0-29 Days 0.165426% 0.000000% 0.000000% 0.165426%
0.098083% 0.000000% 0.000000% 0.098083%
30 Days 3.639371% 0.082713% 0.082713% 0.000000% 3.804797%
3.219298% 0.040894% 0.044080% 0.000000% 3.304272%
60 Days 1.157982% 0.000000% 0.082713% 0.000000% 1.240695%
1.100217% 0.000000% 0.118823% 0.000000% 1.219039%
90 Days 0.578991% 0.000000% 0.413565% 0.000000% 0.992556%
0.558998% 0.000000% 0.272070% 0.000000% 0.831068%
120 Days 0.082713% 0.082713% 0.661704% 0.000000% 0.827130%
0.135497% 0.112569% 0.626383% 0.000000% 0.874448%
150 Days 0.165426% 0.000000% 0.082713% 0.000000% 0.248139%
0.189960% 0.000000% 0.091306% 0.000000% 0.281265%
180+ Days 0.000000% 0.000000% 0.082713% 0.000000% 0.082713%
0.000000% 0.000000% 0.133623% 0.000000% 0.133623%
Totals 5.624483% 0.330852% 1.406121% 0.000000% 7.361456%
5.203969% 0.251545% 1.286284% 0.000000% 6.741799%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 415,647.73
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 M-1 183,255,197.00 16.79999302% 183,255,125.98 19.01398929% 6.055047% 0.000000%
Class M-2 147,804,197.00 13.55000851% 147,804,125.98 15.33570237% 3.678287% 0.000000%
Class M-3 125,442,197.00 11.49996327% 125,442,125.98 13.01548990% 2.320212% 0.000000%
Class M-4 105,808,197.00 9.70000852% 105,808,125.98 10.97832633% 2.037164% 0.000000%
Class B-1 24,543,197.00 2.25000734% 24,543,125.98 2.54651941% 0.679089% 0.000000%
Class B-2 13,635,197.00 1.25001210% 13,635,125.98 1.41473881% 1.131781% 0.000000%
Class B-3 5,454,197.00 0.50001568% 5,454,125.98 0.56590337% 0.848835% 0.000000%
Class CE 100.00 0.00000917% 100.00 0.00001038% 0.565893% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000010% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 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 1 Nov-04 0.000%
Original Principal Balance 140,000.00 Dec-04 0.000%
Current Principal Balance 140,000.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 1 Apr-05 0.000%
Original Principal Balance 140,000.00 May-05 0.000%
Current Principal Balance 140,000.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.015%
*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 SubGrp I 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group I SubGrp II 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 1 Nov-04 0.000%
Original Principal Balance 140,000.00 Dec-04 0.000%
Current Principal Balance 140,000.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 1 Apr-05 0.000%
Original Principal Balance 140,000.00 May-05 0.000%
Current Principal Balance 140,000.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.033%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Grp II SubGrp I 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Grp II SubGrp II 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
Group I SubGrp II 0000447473 Oct-2005 01-May-2005 MI 80.00 140,000.00
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>
Group I SubGrp II 0000447473 140,000.00 01-Apr-2005 4 7.800% 5,100.99
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 34 Nov-04 0.000%
Original Principal Balance 4,718,646.00 Dec-04 0.000%
Current Principal Balance 4,713,463.17 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 66 Apr-05 0.000%
Original Principal Balance 10,378,877.00 May-05 0.000%
Current Principal Balance 10,370,181.08 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.947%
Oct-05 1.075%
*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 SubGrp I 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 182,329.00 Dec-04 0.000%
Current Principal Balance 182,116.60 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 3 Apr-05 0.000%
Original Principal Balance 182,329.00 May-05 0.000%
Current Principal Balance 182,116.60 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.196%
*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 SubGrp II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 23 Nov-04 0.000%
Original Principal Balance 2,286,817.00 Dec-04 0.000%
Current Principal Balance 2,284,247.20 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 45 Apr-05 0.000%
Original Principal Balance 4,864,567.00 May-05 0.000%
Current Principal Balance 4,860,724.37 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.090%
Oct-05 1.134%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Grp II SubGrp I 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Nov-04 0.000%
Original Principal Balance 391,500.00 Dec-04 0.000%
Current Principal Balance 391,023.48 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 391,500.00 May-05 0.000%
Current Principal Balance 391,023.48 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.662%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Grp II SubGrp II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 7 Nov-04 0.000%
Original Principal Balance 1,858,000.00 Dec-04 0.000%
Current Principal Balance 1,856,075.89 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 17 Apr-05 0.000%
Original Principal Balance 4,940,481.00 May-05 0.000%
Current Principal Balance 4,936,316.63 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.161%
Oct-05 1.286%
*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 I SubGrp I 0000434766 Oct-2005 01-Apr-2005 FL 100.00 31,400.00
Group I SubGrp I 0000434845 Oct-2005 01-Apr-2005 IN 85.00 51,000.00
Group I SubGrp I 0000439303 Oct-2005 01-Apr-2005 IN 79.94 99,929.00
Group I SubGrp II 0000433359 Sep-2005 01-Mar-2005 NC 80.00 120,000.00
Group I SubGrp II 0000433939 Oct-2005 01-Feb-2005 MO 100.00 85,500.00
Group I SubGrp II 0000434497 Sep-2005 01-Apr-2005 MD 85.00 127,500.00
Group I SubGrp II 0000434520 Sep-2005 01-Mar-2005 GA 80.00 120,800.00
Group I SubGrp II 0000434720 Oct-2005 01-Apr-2005 WI 85.00 55,250.00
Group I SubGrp II 0000434913 Sep-2005 01-Apr-2005 CO 80.00 124,000.00
Group I SubGrp II 0000434945 Oct-2005 01-Apr-2005 FL 90.00 148,500.00
Group I SubGrp II 0000434991 Sep-2005 01-Apr-2005 MI 80.00 52,800.00
Group I SubGrp II 0000435245 Oct-2005 01-Mar-2005 OH 76.47 65,000.00
Group I SubGrp II 0000435435 Oct-2005 01-Apr-2005 CO 80.00 148,000.00
Group I SubGrp II 0000435436 Sep-2005 01-Mar-2005 CO 93.96 311,000.00
Group I SubGrp II 0000435437 Sep-2005 01-Apr-2005 CO 80.00 172,000.00
Group I SubGrp II 0000438527 Oct-2005 01-Apr-2005 MN 85.00 179,350.00
Group I SubGrp II 0000438719 Sep-2005 01-Apr-2005 TX 85.00 153,000.00
Group I SubGrp II 0000438825 Oct-2005 01-Apr-2005 CO 80.00 140,000.00
Group I SubGrp II 0000438851 Sep-2005 01-Apr-2005 UT 80.00 136,800.00
Group I SubGrp II 0000438977 Sep-2005 01-Mar-2005 UT 80.00 126,400.00
Group I SubGrp II 0000438990 Sep-2005 01-Apr-2005 CO 80.00 125,600.00
Group I SubGrp II 0000439008 Oct-2005 01-Apr-2005 CO 80.00 124,000.00
Group I SubGrp II 0000439027 Sep-2005 01-Apr-2005 MO 80.00 122,600.00
Group I SubGrp II 0000439115 Oct-2005 01-Apr-2005 OH 85.00 114,748.00
Group I SubGrp II 0000439132 Oct-2005 01-Apr-2005 FL 80.00 113,600.00
Group I SubGrp II 0000439151 Oct-2005 01-Apr-2005 TX 80.00 112,000.00
Group I SubGrp II 0000439168 Sep-2005 01-Apr-2005 GA 80.00 111,200.00
Group I SubGrp II 0000439230 Oct-2005 01-Apr-2005 CO 80.00 106,800.00
Group I SubGrp II 0000439253 Sep-2005 01-Apr-2005 CO 80.00 104,000.00
Group I SubGrp II 0000439363 Sep-2005 01-Apr-2005 MI 79.17 95,000.00
Group I SubGrp II 0000439372 Sep-2005 01-Apr-2005 SC 90.00 94,500.00
Group I SubGrp II 0000439465 Oct-2005 01-Apr-2005 ID 77.78 87,500.00
Group I SubGrp II 0000439556 Oct-2005 01-Apr-2005 TX 76.19 80,000.00
Group I SubGrp II 0000439852 Oct-2005 01-Apr-2005 GA 79.96 58,372.00
Group I SubGrp II 0000439854 Oct-2005 01-Apr-2005 TN 84.96 58,197.00
Group I SubGrp II 0000439858 Sep-2005 01-Apr-2005 AL 90.00 57,600.00
Group I SubGrp II 0000439879 Oct-2005 01-Apr-2005 MI 80.00 56,000.00
Group I SubGrp II 0000442352 Oct-2005 01-May-2005 IL 85.00 80,750.00
Group I SubGrp II 0000442444 Oct-2005 01-May-2005 PA 80.16 205,200.00
Group I SubGrp II 0000442629 Sep-2005 01-May-2005 OK 90.00 51,300.00
Group I SubGrp II 0000442643 Oct-2005 01-May-2005 MO 65.00 42,250.00
Group I SubGrp II 0000442795 Oct-2005 01-May-2005 VA 80.00 96,000.00
Group I SubGrp II 0000442802 Oct-2005 01-May-2005 MO 90.00 81,000.00
Group I SubGrp II 0000443204 Sep-2005 01-Apr-2005 CO 80.00 136,400.00
Group I SubGrp II 0000443293 Oct-2005 01-Apr-2005 AZ 81.33 48,800.00
Group I SubGrp II 0000443304 Sep-2005 01-Apr-2005 PA 85.00 47,600.00
Group I SubGrp II 0000447516 Sep-2005 01-Apr-2005 MI 75.00 77,250.00
Group I SubGrp II 0000447521 Sep-2005 01-Apr-2005 MO 80.00 110,400.00
Grp II SubGrp I 0000437945 Oct-2005 01-Apr-2005 CA 90.00 391,500.00
Grp II SubGrp II 0000434172 Sep-2005 01-Apr-2005 NC 80.00 351,840.00
Grp II SubGrp II 0000434383 Oct-2005 01-Apr-2005 CA 80.00 172,000.00
Grp II SubGrp II 0000437181 Sep-2005 01-Apr-2005 CO 80.00 440,000.00
Grp II SubGrp II 0000437840 Sep-2005 01-Mar-2005 CA 80.00 512,800.00
Grp II SubGrp II 0000437901 Sep-2005 01-Mar-2005 AZ 80.00 434,241.00
Grp II SubGrp II 0000437986 Sep-2005 01-Apr-2005 TX 80.00 364,000.00
Grp II SubGrp II 0000438088 Oct-2005 01-Apr-2005 NJ 90.00 306,000.00
Grp II SubGrp II 0000438210 Sep-2005 01-Apr-2005 FL 80.00 252,000.00
Grp II SubGrp II 0000438283 Oct-2005 01-Apr-2005 GA 80.00 230,400.00
Grp II SubGrp II 0000438477 Sep-2005 01-Apr-2005 FL 71.48 188,000.00
Grp II SubGrp II 0000438563 Oct-2005 01-Apr-2005 CO 80.00 173,600.00
Grp II SubGrp II 0000442738 Sep-2005 01-May-2005 CO 80.00 163,600.00
Grp II SubGrp II 0000442944 Oct-2005 01-Apr-2005 MD 80.00 456,000.00
Grp II SubGrp II 0000447502 Oct-2005 01-May-2005 IL 80.00 169,600.00
Grp II SubGrp II 0000447528 Sep-2005 01-May-2005 MI 85.00 204,000.00
Grp II SubGrp II 0000447560 Oct-2005 01-Apr-2005 CO 80.00 350,400.00
Grp II SubGrp II 0000447567 Sep-2005 01-Apr-2005 NV 80.00 172,000.00
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 I SubGrp I 0000434766 31,373.55 01-May-2005 3 10.250% 1,273.45
Group I SubGrp I 0000434845 50,917.63 01-Jun-2005 2 9.125% 1,462.68
Group I SubGrp I 0000439303 99,825.42 01-May-2005 3 9.270% 3,643.93
Group I SubGrp II 0000433359 119,826.03 01-Apr-2005 4 7.650% 4,275.90
Group I SubGrp II 0000433939 85,500.00 01-May-2005 3 9.500% 3,206.07
Group I SubGrp II 0000434497 127,412.70 01-Apr-2005 4 7.900% 4,706.06
Group I SubGrp II 0000434520 120,653.12 01-Apr-2005 4 8.500% 4,818.63
Group I SubGrp II 0000434720 55,169.41 01-May-2005 3 8.100% 1,744.72
Group I SubGrp II 0000434913 123,999.99 01-Apr-2005 4 6.400% 3,657.96
Group I SubGrp II 0000434945 148,225.40 01-Jun-2005 2 8.450% 3,924.27
Group I SubGrp II 0000434991 52,766.33 01-Apr-2005 4 8.250% 2,041.39
Group I SubGrp II 0000435245 64,850.71 01-May-2005 3 7.375% 1,854.79
Group I SubGrp II 0000435435 148,000.00 01-May-2005 3 5.625% 3,160.40
Group I SubGrp II 0000435436 311,000.00 01-Apr-2005 4 7.500% 10,885.02
Group I SubGrp II 0000435437 172,000.00 01-Apr-2005 4 6.000% 4,729.98
Group I SubGrp II 0000438527 179,040.01 01-May-2005 3 6.745% 4,650.59
Group I SubGrp II 0000438719 152,924.66 01-Apr-2005 4 9.495% 6,869.15
Group I SubGrp II 0000438825 139,701.50 01-May-2005 3 6.495% 3,483.17
Group I SubGrp II 0000438851 136,696.11 01-Apr-2005 4 7.385% 4,696.68
Group I SubGrp II 0000438977 126,400.00 01-Apr-2005 4 7.300% 4,297.56
Group I SubGrp II 0000438990 125,501.92 01-Apr-2005 4 7.245% 4,224.16
Group I SubGrp II 0000439008 123,775.21 01-May-2005 3 6.500% 3,088.69
Group I SubGrp II 0000439027 122,536.37 01-Apr-2005 4 9.245% 5,350.82
Group I SubGrp II 0000439115 114,597.37 01-May-2005 3 8.125% 3,635.98
Group I SubGrp II 0000439132 113,442.98 01-May-2005 3 7.870% 3,478.76
Group I SubGrp II 0000439151 111,792.37 01-May-2005 3 6.385% 2,736.08
Group I SubGrp II 0000439168 111,123.40 01-Apr-2005 4 7.870% 4,087.73
Group I SubGrp II 0000439230 106,800.00 01-May-2005 3 6.365% 2,609.95
Group I SubGrp II 0000439253 103,914.58 01-Apr-2005 4 6.990% 3,364.99
Group I SubGrp II 0000439363 95,000.00 01-Apr-2005 4 7.245% 3,203.88
Group I SubGrp II 0000439372 94,459.25 01-Apr-2005 4 10.120% 4,538.49
Group I SubGrp II 0000439465 87,345.18 01-May-2005 3 6.625% 2,225.12
Group I SubGrp II 0000439556 79,894.87 01-May-2005 3 8.120% 2,533.26
Group I SubGrp II 0000439852 58,325.32 01-Apr-2005 4 7.125% 1,606.13
Group I SubGrp II 0000439854 58,197.00 01-Mar-2005 5 8.750% 1,995.86
Group I SubGrp II 0000439858 57,564.20 01-Apr-2005 4 8.375% 2,263.01
Group I SubGrp II 0000439879 55,931.46 01-May-2005 3 8.500% 1,862.07
Group I SubGrp II 0000442352 80,693.00 01-May-2005 3 7.750% 2,434.11
Group I SubGrp II 0000442444 205,069.02 01-May-2005 3 8.245% 6,609.18
Group I SubGrp II 0000442629 51,300.00 01-Apr-2005 4 9.495% 2,304.36
Group I SubGrp II 0000442643 42,213.58 01-May-2005 3 6.745% 1,096.52
Group I SubGrp II 0000442795 96,000.00 01-Apr-2005 4 7.130% 2,645.58
Group I SubGrp II 0000442802 80,964.12 01-May-2005 3 9.995% 3,200.25
Group I SubGrp II 0000443204 136,279.89 01-Apr-2005 4 6.635% 4,171.06
Group I SubGrp II 0000443293 48,718.69 01-May-2005 3 6.990% 1,315.22
Group I SubGrp II 0000443304 47,575.97 01-Apr-2005 4 9.375% 2,108.50
Group I SubGrp II 0000447516 77,209.53 01-Apr-2005 4 9.200% 3,354.13
Group I SubGrp II 0000447521 110,333.12 01-Apr-2005 4 8.500% 4,406.53
Grp II SubGrp I 0000437945 391,023.48 01-May-2005 3 8.495% 13,009.81
Grp II SubGrp II 0000434172 351,512.54 01-Apr-2005 4 6.350% 10,257.49
Grp II SubGrp II 0000434383 171,712.97 01-May-2005 3 6.990% 4,635.64
Grp II SubGrp II 0000437181 439,630.34 01-Apr-2005 4 6.875% 13,983.37
Grp II SubGrp II 0000437840 512,800.00 01-Feb-2005 6 7.495% 14,945.95
Grp II SubGrp II 0000437901 433,373.43 01-Apr-2005 4 5.995% 11,876.71
Grp II SubGrp II 0000437986 363,678.54 01-Apr-2005 4 6.620% 11,103.65
Grp II SubGrp II 0000438088 305,483.87 01-May-2005 3 6.870% 8,094.16
Grp II SubGrp II 0000438210 251,760.43 01-Apr-2005 4 6.240% 7,208.12
Grp II SubGrp II 0000438283 230,030.05 01-May-2005 3 7.120% 6,334.63
Grp II SubGrp II 0000438477 187,885.99 01-Apr-2005 4 8.495% 7,499.15
Grp II SubGrp II 0000438563 173,285.27 01-May-2005 3 6.500% 4,324.16
Grp II SubGrp II 0000442738 163,600.00 01-May-2005 3 6.745% 4,257.00
Grp II SubGrp II 0000442944 456,000.00 01-Jun-2005 2 6.990% 9,864.80
Grp II SubGrp II 0000447502 169,163.73 01-Jul-2005 1 6.800% 2,662.01
Grp II SubGrp II 0000447528 204,000.00 01-Apr-2005 4 8.900% 8,555.95
Grp II SubGrp II 0000447560 350,400.00 01-Mar-2005 5 8.350% 13,753.20
Grp II SubGrp II 0000447567 171,999.47 01-Apr-2005 4 8.450% 6,836.95
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 7.176900%
Weighted Average Net Coupon 6.632954%
Weighted Average Pass-Through Rate 6.659899%
Weighted Average Maturity(Stepdown Calculation) 344
Beginning Scheduled Collateral Loan Count 6,408
Number Of Loans Paid In Full 204
Ending Scheduled Collateral Loan Count 6,204
Beginning Scheduled Collateral Balance 1,000,736,684.68
Ending Scheduled Collateral Balance 963,791,044.28
Ending Actual Collateral Balance at 30-Sep-2005 964,410,512.78
Monthly P&I Constant 6,560,464.07
Special Servicing Fee 0.00
Prepayment Penalties 544,901.26
Realized Loss Amount 29.60
Cumulative Realized Loss 29.60
Scheduled Principal 561,568.22
Unscheduled Principal 36,384,072.18
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 29.60
Overcollateralized reduction Amount 0.00
Specified O/C Amount 5,454,025.98
Overcollateralized Amount 5,454,025.98
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 29.60
Excess Cash Amount 0.00
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Coupon Rate 7.176900%
Weighted Average Net Rate 6.632954%
Weighted Average Pass Through Rate 6.659899%
Weighted Average Maturity 344
Record Date 09/30/2005
Principal and Interest Constant 6,560,464.07
Beginning Loan Count 6,408
Loans Paid in Full 204
Ending Loan Count 6,204
Beginning Scheduled Balance 1,000,736,684.68
Ending Scheduled Balance 963,791,044.28
Ending Actual Balance at 30-Sep-2005 964,410,512.78
Scheduled Principal 561,568.22
Unscheduled Principal 36,384,072.18
Scheduled Interest 5,998,895.85
Servicing Fee 416,973.64
Master Servicing Fee 2,501.99
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 11,675.30
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 5,567,745.05
Realized Loss Amount 29.60
Cumulative Realized Loss 29.60
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 544,901.26
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 29.60
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 5,454,025.98
Overcollateralized Amount 5,454,025.98
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Over Collateralization Amount 5,454,025.98
OC Deficiency Amount 0.00
OC Increase Amount 29.60
OC Reduction Amount 0.00
Target OC Amount 5,454,025.98
Group Level Collateral Statement
Group Group I SubGrp I Group I SubGrp II Grp II SubGrp I
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.544806 7.238212 8.332596
Weighted Average Net Rate 8.044806 6.738212 7.832596
Weighted Average Maturity 290 354 354
Beginning Loan Count 1,384 3,181 585
Loans Paid In Full 42 98 15
Ending Loan Count 1,342 3,083 570
Beginning Scheduled Balance 96,363,107.85 444,303,220.97 60,815,150.64
Ending Scheduled Balance 92,900,471.70 428,245,332.94 59,059,022.74
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 763,700.36 2,968,243.30 464,041.67
Scheduled Principal 77,530.32 288,275.70 41,751.58
Unscheduled Principal 3,385,105.83 15,769,612.33 1,714,376.32
Scheduled Interest 686,170.04 2,679,967.60 422,290.09
Servicing Fees 40,151.30 185,126.35 25,339.68
Master Servicing Fees 240.90 1,110.78 152.00
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 1,124.24 5,183.54 709.54
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 644,653.60 2,488,546.93 396,088.87
Realized Loss Amount 0.00 0.00 29.60
Cumulative Realized Loss 0.00 0.00 29.60
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 8.027806 6.721212 7.815596
Group Level Collateral Statement
Group Grp II SubGrp II Total
Collateral Description Mixed ARM Fixed Mixed & ARM & Balloon
Weighted Average Coupon Rate 6.643775 7.176900
Weighted Average Net Rate 6.143775 6.632954
Weighted Average Maturity 288 344
Beginning Loan Count 1,258 6,408
Loans Paid In Full 49 204
Ending Loan Count 1,209 6,204
Beginning Scheduled Balance 399,255,205.22 1,000,736,684.68
Ending scheduled Balance 383,586,216.90 963,791,044.28
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 2,364,478.74 6,560,464.07
Scheduled Principal 154,010.62 561,568.22
Unscheduled Principal 15,514,977.70 36,384,072.18
Scheduled Interest 2,210,468.12 5,998,895.85
Servicing Fees 166,356.35 416,973.68
Master Servicing Fees 998.14 2,501.82
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 4,657.98 11,675.30
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 2,038,455.65 5,567,745.05
Realized Loss Amount 0.00 29.60
Cumulative Realized Loss 0.00 29.60
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.126775 6.659899
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 SubGrp I 42 3,383,926.00 3,368,722.63 0 0.00 0.00
Group I SubGrp II 98 15,904,744.00 15,762,776.09 0 0.00 0.00
Grp II SubGrp I 14 1,662,441.00 1,652,803.21 0 0.00 0.00
Grp II SubGrp II 49 15,547,479.00 15,510,773.59 0 0.00 0.00
Total 203 36,498,590.00 36,295,075.52 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 SubGrp I 0 0.00 0.00 0 0.00 0.00 18,436.44
Group I SubGrp II 0 0.00 0.00 0 0.00 0.00 17,431.91
Grp II SubGrp I 0 0.00 0.00 1 57,000.00 56,841.38 6,348.02
Grp II SubGrp II 0 0.00 0.00 0 0.00 0.00 10,323.95
Total 0 0.00 0.00 1 57,000.00 56,841.38 52,540.32
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 SubGrp I 0000433365 TX 100.00 01-Mar-2005 46,470.00 46,325.57
Group I SubGrp I 0000433900 AZ 100.00 01-Apr-2005 27,600.00 27,543.01
Group I SubGrp I 0000434014 AZ 100.00 01-Apr-2005 29,178.00 29,080.31
Group I SubGrp I 0000434288 NJ 35.38 01-Apr-2005 230,000.00 228,590.19
Group I SubGrp I 0000434465 CA 38.86 01-Apr-2005 136,000.00 135,110.09
Group I SubGrp I 0000434580 FL 36.49 01-Apr-2005 104,000.00 103,276.10
Group I SubGrp I 0000434701 NJ 100.00 01-Apr-2005 60,000.00 57,004.17
Group I SubGrp I 0000434787 MI 100.00 01-Apr-2005 20,000.00 19,845.82
Group I SubGrp I 0000435342 AZ 100.00 01-Apr-2005 29,000.00 28,877.53
Group I SubGrp I 0000435846 CA 100.00 01-Oct-2004 110,000.00 109,181.14
Group I SubGrp I 0000435870 WA 100.00 01-Apr-2005 68,000.00 67,825.12
Group I SubGrp I 0000435887 WA 100.00 01-Apr-2005 38,400.00 38,301.28
Group I SubGrp I 0000436222 NV 100.00 01-Mar-2005 48,376.00 48,169.86
Group I SubGrp I 0000437385 FL 100.00 01-Apr-2005 39,600.00 39,498.41
Group I SubGrp I 0000437429 CA 100.00 01-May-2005 38,400.00 38,313.63
Group I SubGrp I 0000438288 MD 84.38 01-Apr-2005 229,500.00 228,453.17
Group I SubGrp I 0000438720 AZ 80.53 01-Apr-2005 153,000.00 152,006.48
Group I SubGrp I 0000438763 CA 100.00 01-Apr-2005 147,492.00 147,224.19
Group I SubGrp I 0000438811 GA 90.00 01-Apr-2005 142,200.00 141,559.60
Group I SubGrp I 0000438844 MI 100.00 01-Apr-2005 138,000.00 137,645.09
Group I SubGrp I 0000439081 AZ 100.00 01-Apr-2005 117,980.00 117,568.78
Group I SubGrp I 0000439092 CA 100.00 01-Apr-2005 117,000.00 116,487.53
Group I SubGrp I 0000439227 IL 100.00 01-Apr-2005 107,000.00 106,800.40
Group I SubGrp I 0000439279 CA 100.00 01-Apr-2005 102,000.00 101,716.64
Group I SubGrp I 0000439360 AZ 100.00 01-Apr-2005 95,000.00 94,697.72
Group I SubGrp I 0000439391 IL 100.00 01-Apr-2005 93,400.00 93,125.51
Group I SubGrp I 0000439458 FL 100.00 01-Apr-2005 88,000.00 87,780.13
Group I SubGrp I 0000439518 CA 100.00 01-Mar-2005 82,600.00 82,404.21
Group I SubGrp I 0000439643 FL 100.00 01-Apr-2005 73,800.00 73,666.02
Group I SubGrp I 0000439894 CA 100.00 01-Mar-2005 55,200.00 54,951.89
Group I SubGrp I 0000439899 RI 100.00 01-Apr-2005 55,000.00 54,089.33
Group I SubGrp I 0000439931 MD 100.00 01-Apr-2005 53,000.00 52,874.58
Group I SubGrp I 0000440210 AZ 100.00 01-Apr-2005 25,000.00 24,911.87
Group I SubGrp I 0000440214 AZ 100.00 01-Apr-2005 25,000.00 24,935.87
Group I SubGrp I 0000441538 CA 100.00 01-Apr-2005 52,000.00 51,789.50
Group I SubGrp I 0000441540 WA 100.00 01-Apr-2005 41,400.00 41,275.03
Group I SubGrp I 0000441630 TX 100.00 01-Apr-2005 48,580.00 48,451.93
Group I SubGrp I 0000442367 IL 85.00 01-May-2005 63,750.00 63,472.10
Group I SubGrp I 0000442486 CA 100.00 01-Apr-2005 143,000.00 142,439.56
Group I SubGrp I 0000443108 TX 100.00 01-Apr-2005 25,000.00 24,920.45
Group I SubGrp I 0000443462 PA 61.22 01-Apr-2005 30,000.00 29,641.61
Group I SubGrp I 0000443524 CA 100.00 01-Mar-2005 55,000.00 54,837.97
Group I SubGrp II 0000425624 CA 76.60 01-Feb-2005 180,000.00 178,490.77
Group I SubGrp II 0000426436 CA 64.94 01-Mar-2005 250,000.00 250,000.00
Group I SubGrp II 0000426443 UT 100.00 01-Mar-2005 135,000.00 134,857.83
Group I SubGrp II 0000433901 AZ 80.00 01-Apr-2005 110,400.00 109,896.93
Group I SubGrp II 0000433912 AZ 80.00 01-Apr-2005 116,712.00 116,013.69
Group I SubGrp II 0000433989 NM 80.00 01-Mar-2005 127,230.00 126,222.64
Group I SubGrp II 0000434209 CA 78.95 01-Apr-2005 300,000.00 300,000.00
Group I SubGrp II 0000434261 CA 90.00 01-Apr-2005 252,000.00 249,949.84
Group I SubGrp II 0000434301 CT 90.00 01-Apr-2005 220,500.00 219,332.79
Group I SubGrp II 0000434311 AZ 60.50 01-Apr-2005 216,000.00 215,460.90
Group I SubGrp II 0000434357 AZ 85.00 01-Apr-2005 182,750.00 181,908.74
Group I SubGrp II 0000434396 CA 95.00 01-Apr-2005 161,500.00 160,555.12
Group I SubGrp II 0000434422 AZ 57.17 01-Apr-2005 151,500.00 150,701.86
Group I SubGrp II 0000434441 FL 85.00 01-Apr-2005 146,200.00 145,616.34
Group I SubGrp II 0000434442 ME 59.18 01-Mar-2005 145,000.00 143,583.09
Group I SubGrp II 0000434472 MA 27.92 01-Apr-2005 134,000.00 133,052.07
Group I SubGrp II 0000434499 NJ 65.06 01-Apr-2005 126,875.00 126,254.59
Group I SubGrp II 0000434646 FL 70.00 01-Apr-2005 82,600.00 82,155.31
Group I SubGrp II 0000434805 MO 80.00 01-Apr-2005 94,720.00 94,345.43
Group I SubGrp II 0000434871 NY 90.00 01-Apr-2005 398,700.00 396,010.11
Group I SubGrp II 0000434937 VA 80.00 01-Apr-2005 108,000.00 107,363.15
Group I SubGrp II 0000434941 WI 90.00 01-Apr-2005 263,551.00 262,087.44
Group I SubGrp II 0000434980 CA 80.00 01-Apr-2005 192,000.00 191,107.26
Group I SubGrp II 0000435034 CA 84.62 01-Apr-2005 330,000.00 330,000.00
Group I SubGrp II 0000435160 NV 80.00 01-Apr-2005 200,000.00 198,865.81
Group I SubGrp II 0000435261 MI 100.00 01-Apr-2005 85,000.00 84,722.88
Group I SubGrp II 0000435262 OH 100.00 01-Apr-2005 63,000.00 62,630.42
Group I SubGrp II 0000435311 IN 69.98 01-Mar-2005 120,500.00 119,693.49
Group I SubGrp II 0000435415 CO 79.99 01-Apr-2005 113,350.00 113,350.00
Group I SubGrp II 0000435718 CA 85.00 01-Jan-2005 135,150.00 133,797.67
Group I SubGrp II 0000435888 WA 80.00 01-Apr-2005 153,600.00 153,600.00
Group I SubGrp II 0000436956 MN 71.84 01-Apr-2005 183,900.00 183,899.52
Group I SubGrp II 0000437272 ID 90.00 01-Apr-2005 130,500.00 129,731.46
Group I SubGrp II 0000437590 CA 85.00 01-Apr-2005 158,950.00 158,087.59
Group I SubGrp II 0000437727 CA 80.00 01-Apr-2005 200,000.00 200,000.00
Group I SubGrp II 0000438040 WI 65.00 01-Apr-2005 336,700.00 334,917.67
Group I SubGrp II 0000438044 OH 95.00 01-Apr-2005 334,400.00 331,332.94
Group I SubGrp II 0000438081 MD 80.00 01-Apr-2005 309,600.00 307,654.08
Group I SubGrp II 0000438118 AZ 90.00 01-Apr-2005 292,050.00 290,717.84
Group I SubGrp II 0000438122 AZ 82.71 01-Apr-2005 289,500.00 287,448.22
Group I SubGrp II 0000438133 CA 89.38 01-May-2005 286,000.00 284,767.92
Group I SubGrp II 0000438165 FL 80.00 01-Apr-2005 269,600.00 268,342.68
Group I SubGrp II 0000438173 CA 73.74 01-Apr-2005 265,449.00 263,797.17
Group I SubGrp II 0000438212 NJ 90.00 01-Apr-2005 252,000.00 250,908.41
Group I SubGrp II 0000438217 NJ 47.17 01-May-2005 250,000.00 248,749.93
Group I SubGrp II 0000438227 IL 82.67 01-Apr-2005 248,000.00 248,000.00
Group I SubGrp II 0000438317 CA 61.97 01-Apr-2005 220,000.00 218,806.39
Group I SubGrp II 0000438328 AZ 86.80 01-Apr-2005 217,000.00 215,732.86
Group I SubGrp II 0000438355 NC 80.00 01-Apr-2005 212,000.00 210,931.04
Group I SubGrp II 0000438417 MA 51.95 01-Apr-2005 200,000.00 198,770.81
Group I SubGrp II 0000438435 GA 90.00 01-Apr-2005 198,000.00 197,119.41
Group I SubGrp II 0000438547 NV 80.00 01-Apr-2005 175,998.00 174,865.98
Group I SubGrp II 0000438562 CA 95.49 01-Mar-2005 173,800.00 173,800.00
Group I SubGrp II 0000438567 DC 67.84 01-Apr-2005 173,000.00 171,963.94
Group I SubGrp II 0000438619 MN 90.00 01-Apr-2005 166,500.00 165,491.05
Group I SubGrp II 0000438668 HI 60.00 01-Apr-2005 160,200.00 159,194.06
Group I SubGrp II 0000438690 WA 90.00 01-Apr-2005 157,500.00 156,850.98
Group I SubGrp II 0000438749 AZ 90.00 01-Apr-2005 149,796.00 149,174.60
Group I SubGrp II 0000438762 WI 89.99 01-Apr-2005 147,589.00 146,881.08
Group I SubGrp II 0000438766 AZ 95.00 01-Mar-2005 147,250.00 147,247.36
Group I SubGrp II 0000438866 CA 80.00 01-Apr-2005 136,000.00 135,410.88
Group I SubGrp II 0000438906 MI 90.00 01-Apr-2005 132,300.00 131,696.54
Group I SubGrp II 0000438965 DC 90.00 01-Apr-2005 127,800.00 127,186.97
Group I SubGrp II 0000439032 CA 74.00 01-Apr-2005 122,100.00 121,453.69
Group I SubGrp II 0000439034 AZ 80.00 01-Apr-2005 121,600.00 120,954.50
Group I SubGrp II 0000439096 MO 90.00 01-Apr-2005 116,100.00 115,668.40
Group I SubGrp II 0000439106 AZ 80.00 01-Apr-2005 116,000.00 116,000.00
Group I SubGrp II 0000439545 TX 85.00 01-Apr-2005 80,750.00 80,479.49
Group I SubGrp II 0000439554 GA 72.73 01-Apr-2005 80,000.00 79,544.16
Group I SubGrp II 0000439703 AZ 70.00 01-Apr-2005 68,600.00 68,279.46
Group I SubGrp II 0000439793 MI 90.00 01-Apr-2005 62,068.00 61,860.29
Group I SubGrp II 0000439801 OK 95.00 01-Apr-2005 61,750.00 61,446.60
Group I SubGrp II 0000439834 IN 95.00 01-Apr-2005 59,850.00 59,654.67
Group I SubGrp II 0000439911 AZ 68.35 01-Apr-2005 54,000.00 53,728.01
Group I SubGrp II 0000441422 AL 75.00 01-Apr-2005 75,000.00 74,755.52
Group I SubGrp II 0000441507 FL 85.00 01-Apr-2005 181,900.00 181,814.29
Group I SubGrp II 0000441704 CA 80.00 01-Apr-2005 208,000.00 207,886.91
Group I SubGrp II 0000442276 CT 79.99 01-May-2005 214,381.00 213,587.80
Group I SubGrp II 0000442278 IL 80.00 01-May-2005 212,000.00 210,804.91
Group I SubGrp II 0000442402 NY 51.85 01-May-2005 350,000.00 348,564.35
Group I SubGrp II 0000442552 CT 90.00 01-May-2005 94,500.00 94,122.39
Group I SubGrp II 0000442570 OH 90.00 01-May-2005 83,700.00 83,239.76
Group I SubGrp II 0000442715 IL 85.00 01-May-2005 216,750.00 215,967.46
Group I SubGrp II 0000442781 PA 94.66 01-May-2005 106,350.00 25,113.23
Group I SubGrp II 0000442839 OH 74.75 01-May-2005 74,000.00 73,613.05
Group I SubGrp II 0000442927 OH 90.00 01-May-2005 31,275.00 31,114.68
Group I SubGrp II 0000442950 SC 85.00 01-May-2005 44,200.00 44,055.99
Group I SubGrp II 0000443218 CO 80.00 01-Apr-2005 126,000.00 125,210.31
Group I SubGrp II 0000443237 CA 42.19 01-Apr-2005 109,700.00 108,942.12
Group I SubGrp II 0000443260 TN 85.00 01-Apr-2005 110,500.00 110,148.76
Group I SubGrp II 0000443269 TN 85.00 01-Apr-2005 79,900.00 79,646.08
Group I SubGrp II 0000443273 TN 85.00 01-Apr-2005 68,850.00 68,631.17
Group I SubGrp II 0000443337 MO 90.00 01-Apr-2005 45,000.00 44,788.92
Group I SubGrp II 0000443368 OH 90.00 01-Apr-2005 43,200.00 43,051.43
Group I SubGrp II 0000443370 TX 63.24 01-Apr-2005 43,000.00 42,749.67
Group I SubGrp II 0000443407 TX 80.00 01-Apr-2005 40,000.00 39,872.87
Group I SubGrp II 0000443594 CA 47.92 01-Apr-2005 150,000.00 148,938.87
Group I SubGrp II 0000443602 CA 95.00 01-May-2005 256,500.00 255,385.06
Grp II SubGrp I 0000433051 CA 100.00 01-Feb-2005 67,120.00 66,796.99
Grp II SubGrp I 0000433856 CA 100.00 01-Mar-2005 106,980.00 106,487.53
Grp II SubGrp I 0000434961 AZ 100.00 01-Apr-2005 225,000.00 223,481.99
Grp II SubGrp I 0000435441 CO 99.99 01-Apr-2005 78,800.00 78,575.00
Grp II SubGrp I 0000435800 CA 100.00 01-Apr-2005 31,000.00 30,865.74
Grp II SubGrp I 0000437530 CA 100.00 01-Apr-2005 40,000.00 39,902.81
Grp II SubGrp I 0000438284 MD 69.97 01-Apr-2005 230,215.00 224,676.09
Grp II SubGrp I 0000439000 GA 100.00 01-Apr-2005 125,000.00 124,790.76
Grp II SubGrp I 0000439924 CA 100.00 01-Apr-2005 53,200.00 52,969.48
Grp II SubGrp I 0000441570 CA 100.00 01-Apr-2005 86,000.00 85,760.89
Grp II SubGrp I 0000441626 CA 100.00 01-Apr-2005 149,126.00 148,742.55
Grp II SubGrp I 0000441634 TX 100.00 01-Apr-2005 73,000.00 72,763.28
Grp II SubGrp I 0000441636 CA 100.00 01-Apr-2005 81,000.00 80,742.30
Grp II SubGrp I 0000443062 MA 100.00 01-Apr-2005 57,000.00 56,814.18
Grp II SubGrp I 0000443539 CA 79.80 01-Apr-2005 316,000.00 314,658.71
Grp II SubGrp II 0000433366 TX 80.00 01-Mar-2005 185,883.00 184,304.08
Grp II SubGrp II 0000433567 NM 80.00 01-Feb-2005 177,628.00 176,350.28
Grp II SubGrp II 0000433635 CA 80.00 01-Oct-2004 306,489.00 306,489.00
Grp II SubGrp II 0000433870 CA 80.00 01-Mar-2005 427,920.00 427,919.96
Grp II SubGrp II 0000434133 CA 95.00 01-Apr-2005 480,700.00 480,699.97
Grp II SubGrp II 0000434139 CA 90.00 01-Apr-2005 454,500.00 454,499.13
Grp II SubGrp II 0000434374 CO 80.00 01-Mar-2005 176,000.00 174,951.16
Grp II SubGrp II 0000434918 CA 80.00 01-Apr-2005 472,000.00 472,000.00
Grp II SubGrp II 0000434965 CA 79.19 01-Apr-2005 395,966.00 393,989.47
Grp II SubGrp II 0000435073 NV 90.00 01-Apr-2005 562,491.00 559,363.10
Grp II SubGrp II 0000435871 WA 80.00 01-Apr-2005 272,000.00 269,983.28
Grp II SubGrp II 0000436218 MD 100.00 01-Mar-2005 434,800.00 434,800.00
Grp II SubGrp II 0000436223 NV 80.00 01-Mar-2005 193,500.00 193,446.59
Grp II SubGrp II 0000437386 FL 80.00 01-Apr-2005 158,400.00 157,381.15
Grp II SubGrp II 0000437443 CA 95.00 01-Apr-2005 446,500.00 446,100.00
Grp II SubGrp II 0000437531 CA 80.00 01-Apr-2005 160,000.00 160,000.00
Grp II SubGrp II 0000437546 CA 80.00 01-Apr-2005 351,600.00 351,600.00
Grp II SubGrp II 0000437810 NV 80.00 01-Apr-2005 576,000.00 572,877.92
Grp II SubGrp II 0000437850 GA 80.00 01-Apr-2005 500,000.00 500,000.00
Grp II SubGrp II 0000437869 NY 90.00 01-Apr-2005 472,500.00 470,119.86
Grp II SubGrp II 0000437934 AZ 85.00 01-Apr-2005 399,500.00 397,278.56
Grp II SubGrp II 0000437957 CA 90.00 01-Mar-2005 385,000.00 384,999.21
Grp II SubGrp II 0000437958 CA 80.00 01-Mar-2005 384,000.00 384,000.00
Grp II SubGrp II 0000437996 CA 90.00 01-Feb-2005 360,000.00 357,528.98
Grp II SubGrp II 0000438051 CA 80.00 01-Mar-2005 330,400.00 330,400.00
Grp II SubGrp II 0000438097 AZ 80.00 01-Apr-2005 300,000.00 298,559.59
Grp II SubGrp II 0000438152 WV 95.00 01-Apr-2005 275,405.00 273,735.53
Grp II SubGrp II 0000438211 AZ 80.00 01-Apr-2005 252,000.00 250,597.33
Grp II SubGrp II 0000438293 MA 80.00 01-Apr-2005 228,000.00 226,566.94
Grp II SubGrp II 0000438321 RI 80.00 01-Apr-2005 220,000.00 218,834.28
Grp II SubGrp II 0000438474 OH 90.00 01-Apr-2005 189,000.00 188,137.90
Grp II SubGrp II 0000438609 CA 80.00 01-Apr-2005 168,000.00 166,898.93
Grp II SubGrp II 0000438698 GA 80.00 01-Apr-2005 156,000.00 155,212.59
Grp II SubGrp II 0000438699 CO 80.00 01-Apr-2005 156,000.00 155,131.65
Grp II SubGrp II 0000441485 WA 80.00 01-Apr-2005 165,600.00 165,600.00
Grp II SubGrp II 0000441490 CA 90.00 01-Apr-2005 288,900.00 288,900.00
Grp II SubGrp II 0000441693 TX 80.00 01-Apr-2005 292,000.00 290,423.49
Grp II SubGrp II 0000441717 CA 80.00 01-Apr-2005 344,000.00 344,000.00
Grp II SubGrp II 0000441745 CA 80.00 01-Apr-2005 596,505.00 596,341.94
Grp II SubGrp II 0000441747 TX 80.00 01-Apr-2005 194,320.00 194,320.00
Grp II SubGrp II 0000441750 CA 80.00 01-Apr-2005 324,000.00 324,000.00
Grp II SubGrp II 0000442224 CA 87.56 01-Apr-2005 387,000.00 387,000.00
Grp II SubGrp II 0000442262 TX 90.00 01-May-2005 353,700.00 352,517.62
Grp II SubGrp II 0000442679 IL 85.00 01-May-2005 514,250.00 511,422.62
Grp II SubGrp II 0000442720 NJ 90.00 01-May-2005 198,000.00 197,058.20
Grp II SubGrp II 0000442982 CO 90.00 01-May-2005 234,000.00 232,940.53
Grp II SubGrp II 0000443149 IL 85.00 01-May-2005 233,750.00 232,886.90
Grp II SubGrp II 0000443160 AZ 75.00 01-Apr-2005 200,775.00 199,989.01
Grp II SubGrp II 0000447563 CA 80.00 01-Apr-2005 212,497.00 212,497.00
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 SubGrp I 0000433365 Loan Paid in Full 0 10.750% 180 7
Group I SubGrp I 0000433900 Loan Paid in Full 0 12.000% 180 6
Group I SubGrp I 0000434014 Loan Paid in Full (1) 9.750% 180 6
Group I SubGrp I 0000434288 Loan Paid in Full 0 6.750% 360 6
Group I SubGrp I 0000434465 Loan Paid in Full 0 6.750% 360 6
Group I SubGrp I 0000434580 Loan Paid in Full 0 6.150% 360 6
Group I SubGrp I 0000434701 Loan Paid in Full (2) 10.950% 360 6
Group I SubGrp I 0000434787 Loan Paid in Full 0 11.600% 240 6
Group I SubGrp I 0000435342 Loan Paid in Full 0 8.625% 360 6
Group I SubGrp I 0000435846 Loan Paid in Full (1) 8.990% 180 12
Group I SubGrp I 0000435870 Loan Paid in Full 0 10.990% 360 6
Group I SubGrp I 0000435887 Loan Paid in Full 0 10.990% 360 6
Group I SubGrp I 0000436222 Loan Paid in Full 0 9.250% 180 7
Group I SubGrp I 0000437385 Loan Paid in Full 0 11.000% 180 6
Group I SubGrp I 0000437429 Loan Paid in Full 1 10.875% 360 5
Group I SubGrp I 0000438288 Loan Paid in Full 0 8.245% 360 6
Group I SubGrp I 0000438720 Loan Paid in Full 0 6.518% 360 6
Group I SubGrp I 0000438763 Loan Paid in Full 4 11.000% 180 6
Group I SubGrp I 0000438811 Loan Paid in Full 0 8.308% 360 6
Group I SubGrp I 0000438844 Loan Paid in Full 0 11.000% 180 6
Group I SubGrp I 0000439081 Loan Paid in Full 0 10.500% 180 6
Group I SubGrp I 0000439092 Loan Paid in Full (1) 9.500% 180 6
Group I SubGrp I 0000439227 Loan Paid in Full 4 10.875% 180 6
Group I SubGrp I 0000439279 Loan Paid in Full 4 8.990% 180 6
Group I SubGrp I 0000439360 Loan Paid in Full 0 9.990% 180 6
Group I SubGrp I 0000439391 Loan Paid in Full 0 10.365% 180 6
Group I SubGrp I 0000439458 Loan Paid in Full 4 9.500% 180 6
Group I SubGrp I 0000439518 Loan Paid in Full 0 12.000% 180 7
Group I SubGrp I 0000439643 Loan Paid in Full 4 11.000% 180 6
Group I SubGrp I 0000439894 Loan Paid in Full 0 8.990% 180 7
Group I SubGrp I 0000439899 Loan Paid in Full 0 10.500% 180 6
Group I SubGrp I 0000439931 Loan Paid in Full 0 11.375% 180 6
Group I SubGrp I 0000440210 Loan Paid in Full 0 9.500% 180 6
Group I SubGrp I 0000440214 Loan Paid in Full 0 11.000% 180 6
Group I SubGrp I 0000441538 Loan Paid in Full 0 10.990% 180 6
Group I SubGrp I 0000441540 Loan Paid in Full 4 10.240% 180 6
Group I SubGrp I 0000441630 Loan Paid in Full 4 10.875% 180 6
Group I SubGrp I 0000442367 Loan Paid in Full 0 7.740% 360 5
Group I SubGrp I 0000442486 Loan Paid in Full (1) 8.990% 180 6
Group I SubGrp I 0000443108 Loan Paid in Full 0 9.990% 180 6
Group I SubGrp I 0000443462 Loan Paid in Full 0 8.620% 360 6
Group I SubGrp I 0000443524 Loan Paid in Full 0 11.000% 180 7
Group I SubGrp II 0000425624 Loan Paid in Full 0 6.750% 360 8
Group I SubGrp II 0000426436 Loan Paid in Full (1) 7.500% 360 7
Group I SubGrp II 0000426443 Loan Paid in Full 0 9.375% 360 7
Group I SubGrp II 0000433901 Loan Paid in Full 0 8.250% 360 6
Group I SubGrp II 0000433912 Loan Paid in Full 0 6.875% 360 6
Group I SubGrp II 0000433989 Loan Paid in Full 0 6.125% 360 7
Group I SubGrp II 0000434209 Loan Paid in Full 0 6.050% 360 6
Group I SubGrp II 0000434261 Loan Paid in Full 0 5.250% 360 6
Group I SubGrp II 0000434301 Loan Paid in Full 1 7.500% 360 6
Group I SubGrp II 0000434311 Loan Paid in Full 0 5.990% 360 6
Group I SubGrp II 0000434357 Loan Paid in Full 0 8.200% 360 6
Group I SubGrp II 0000434396 Loan Paid in Full 0 6.990% 360 6
Group I SubGrp II 0000434422 Loan Paid in Full 0 7.725% 360 6
Group I SubGrp II 0000434441 Loan Paid in Full 0 8.900% 360 6
Group I SubGrp II 0000434442 Loan Paid in Full 0 4.990% 360 7
Group I SubGrp II 0000434472 Loan Paid in Full 0 6.000% 360 6
Group I SubGrp II 0000434499 Loan Paid in Full 0 7.900% 360 6
Group I SubGrp II 0000434646 Loan Paid in Full 0 7.900% 360 6
Group I SubGrp II 0000434805 Loan Paid in Full 0 8.950% 360 6
Group I SubGrp II 0000434871 Loan Paid in Full 0 6.250% 360 6
Group I SubGrp II 0000434937 Loan Paid in Full 0 6.950% 360 6
Group I SubGrp II 0000434941 Loan Paid in Full 0 7.625% 360 6
Group I SubGrp II 0000434980 Loan Paid in Full 0 8.150% 360 6
Group I SubGrp II 0000435034 Loan Paid in Full 0 6.350% 360 6
Group I SubGrp II 0000435160 Loan Paid in Full 0 7.150% 360 6
Group I SubGrp II 0000435261 Loan Paid in Full 4 9.875% 360 6
Group I SubGrp II 0000435262 Loan Paid in Full 0 6.990% 360 6
Group I SubGrp II 0000435311 Loan Paid in Full 0 7.000% 360 7
Group I SubGrp II 0000435415 Loan Paid in Full 2 8.250% 360 6
Group I SubGrp II 0000435718 Loan Paid in Full 0 7.625% 360 9
Group I SubGrp II 0000435888 Loan Paid in Full 0 6.375% 360 6
Group I SubGrp II 0000436956 Loan Paid in Full 0 6.250% 360 6
Group I SubGrp II 0000437272 Loan Paid in Full 0 6.990% 360 6
Group I SubGrp II 0000437590 Loan Paid in Full (1) 7.375% 360 6
Group I SubGrp II 0000437727 Loan Paid in Full 2 6.999% 360 6
Group I SubGrp II 0000438040 Loan Paid in Full 0 7.500% 360 6
Group I SubGrp II 0000438044 Loan Paid in Full (1) 5.990% 360 6
Group I SubGrp II 0000438081 Loan Paid in Full 0 6.620% 360 6
Group I SubGrp II 0000438118 Loan Paid in Full 0 8.245% 360 6
Group I SubGrp II 0000438122 Loan Paid in Full 4 5.990% 360 6
Group I SubGrp II 0000438133 Loan Paid in Full 0 7.745% 360 5
Group I SubGrp II 0000438165 Loan Paid in Full 0 8.135% 360 6
Group I SubGrp II 0000438173 Loan Paid in Full 1 7.000% 360 6
Group I SubGrp II 0000438212 Loan Paid in Full 4 8.500% 360 6
Group I SubGrp II 0000438217 Loan Paid in Full 0 6.990% 360 5
Group I SubGrp II 0000438227 Loan Paid in Full 0 7.990% 360 6
Group I SubGrp II 0000438317 Loan Paid in Full 0 7.375% 360 6
Group I SubGrp II 0000438328 Loan Paid in Full 0 7.000% 360 6
Group I SubGrp II 0000438355 Loan Paid in Full 4 7.745% 360 6
Group I SubGrp II 0000438417 Loan Paid in Full 0 6.744% 360 6
Group I SubGrp II 0000438435 Loan Paid in Full 0 8.370% 360 6
Group I SubGrp II 0000438547 Loan Paid in Full 0 6.500% 360 6
Group I SubGrp II 0000438562 Loan Paid in Full 0 8.995% 360 7
Group I SubGrp II 0000438567 Loan Paid in Full 0 6.870% 360 6
Group I SubGrp II 0000438619 Loan Paid in Full 4 6.809% 360 6
Group I SubGrp II 0000438668 Loan Paid in Full 0 6.625% 360 6
Group I SubGrp II 0000438690 Loan Paid in Full 0 8.745% 360 6
Group I SubGrp II 0000438749 Loan Paid in Full 0 9.245% 360 6
Group I SubGrp II 0000438762 Loan Paid in Full 0 7.995% 360 6
Group I SubGrp II 0000438766 Loan Paid in Full 0 7.200% 360 7
Group I SubGrp II 0000438866 Loan Paid in Full 0 8.500% 360 6
Group I SubGrp II 0000438906 Loan Paid in Full 4 8.245% 360 6
Group I SubGrp II 0000438965 Loan Paid in Full 0 7.995% 360 6
Group I SubGrp II 0000439032 Loan Paid in Full 4 7.500% 360 6
Group I SubGrp II 0000439034 Loan Paid in Full 0 7.490% 360 6
Group I SubGrp II 0000439096 Loan Paid in Full 0 9.245% 360 6
Group I SubGrp II 0000439106 Loan Paid in Full 4 7.625% 360 6
Group I SubGrp II 0000439545 Loan Paid in Full 4 9.745% 360 6
Group I SubGrp II 0000439554 Loan Paid in Full 0 7.125% 360 6
Group I SubGrp II 0000439703 Loan Paid in Full 0 8.125% 360 6
Group I SubGrp II 0000439793 Loan Paid in Full 0 9.750% 360 6
Group I SubGrp II 0000439801 Loan Paid in Full 4 7.875% 360 6
Group I SubGrp II 0000439834 Loan Paid in Full 4 9.870% 360 6
Group I SubGrp II 0000439911 Loan Paid in Full 4 7.750% 360 6
Group I SubGrp II 0000441422 Loan Paid in Full 4 9.875% 360 6
Group I SubGrp II 0000441507 Loan Paid in Full 0 6.975% 360 6
Group I SubGrp II 0000441704 Loan Paid in Full 0 6.400% 360 6
Group I SubGrp II 0000442276 Loan Paid in Full 0 8.500% 360 5
Group I SubGrp II 0000442278 Loan Paid in Full 0 6.370% 360 5
Group I SubGrp II 0000442402 Loan Paid in Full 1 7.990% 360 5
Group I SubGrp II 0000442552 Loan Paid in Full 0 8.120% 360 5
Group I SubGrp II 0000442570 Loan Paid in Full 3 6.500% 360 5
Group I SubGrp II 0000442715 Loan Paid in Full 0 8.620% 360 5
Group I SubGrp II 0000442781 Loan Paid in Full 0 7.625% 360 5
Group I SubGrp II 0000442839 Loan Paid in Full 3 6.760% 360 5
Group I SubGrp II 0000442927 Loan Paid in Full (2) 7.635% 360 5
Group I SubGrp II 0000442950 Loan Paid in Full 1 9.120% 360 5
Group I SubGrp II 0000443218 Loan Paid in Full 4 6.635% 360 6
Group I SubGrp II 0000443237 Loan Paid in Full 0 6.125% 360 6
Group I SubGrp II 0000443260 Loan Paid in Full 3 9.995% 360 6
Group I SubGrp II 0000443269 Loan Paid in Full 3 9.995% 360 6
Group I SubGrp II 0000443273 Loan Paid in Full 3 9.995% 360 6
Group I SubGrp II 0000443337 Loan Paid in Full (1) 8.125% 360 6
Group I SubGrp II 0000443368 Loan Paid in Full 4 9.620% 360 6
Group I SubGrp II 0000443370 Loan Paid in Full (2) 6.995% 360 6
Group I SubGrp II 0000443407 Loan Paid in Full 3 9.995% 360 6
Group I SubGrp II 0000443594 Loan Paid in Full 0 6.000% 360 6
Group I SubGrp II 0000443602 Loan Paid in Full 2 7.700% 360 5
Grp II SubGrp I 0000433051 Loan Paid in Full 0 9.250% 180 8
Grp II SubGrp I 0000433856 Loan Paid in Full 0 8.875% 180 7
Grp II SubGrp I 0000434961 Loan Paid in Full 0 6.250% 360 6
Grp II SubGrp I 0000435441 Loan Paid in Full (1) 10.500% 360 6
Grp II SubGrp I 0000435800 Loan Paid in Full 0 8.500% 360 6
Grp II SubGrp I 0000437530 Loan Paid in Full 0 11.250% 360 6
Grp II SubGrp I 0000438284 Loan Paid in Full 0 6.750% 180 6
Grp II SubGrp I 0000439000 Loan Paid in Full 4 11.375% 180 6
Grp II SubGrp I 0000439924 Loan Paid in Full 0 8.990% 180 6
Grp II SubGrp I 0000441570 Loan Paid in Full 0 10.625% 180 6
Grp II SubGrp I 0000441626 Loan Paid in Full 0 10.990% 180 6
Grp II SubGrp I 0000441634 Loan Paid in Full 1 9.900% 180 6
Grp II SubGrp I 0000441636 Loan Paid in Full 0 9.990% 180 6
Grp II SubGrp I 0000443062 Liquidation 3 9.875% 180 6
Grp II SubGrp I 0000443539 Loan Paid in Full 0 8.600% 360 6
Grp II SubGrp II 0000433366 Loan Paid in Full 0 5.750% 360 7
Grp II SubGrp II 0000433567 Loan Paid in Full (1) 7.250% 360 8
Grp II SubGrp II 0000433635 Loan Paid in Full 0 5.500% 360 12
Grp II SubGrp II 0000433870 Loan Paid in Full 0 6.990% 360 7
Grp II SubGrp II 0000434133 Loan Paid in Full 0 7.700% 360 6
Grp II SubGrp II 0000434139 Loan Paid in Full 0 6.300% 360 6
Grp II SubGrp II 0000434374 Loan Paid in Full 0 7.600% 360 7
Grp II SubGrp II 0000434918 Loan Paid in Full 1 7.425% 360 6
Grp II SubGrp II 0000434965 Loan Paid in Full 0 7.800% 360 6
Grp II SubGrp II 0000435073 Loan Paid in Full (1) 7.250% 360 6
Grp II SubGrp II 0000435871 Loan Paid in Full 0 5.750% 360 6
Grp II SubGrp II 0000436218 Loan Paid in Full 0 8.125% 360 7
Grp II SubGrp II 0000436223 Loan Paid in Full 0 6.625% 360 7
Grp II SubGrp II 0000437386 Loan Paid in Full 0 6.500% 360 6
Grp II SubGrp II 0000437443 Loan Paid in Full 0 6.990% 360 6
Grp II SubGrp II 0000437531 Loan Paid in Full 0 6.500% 360 6
Grp II SubGrp II 0000437546 Loan Paid in Full 2 6.750% 360 6
Grp II SubGrp II 0000437810 Loan Paid in Full 0 7.380% 360 6
Grp II SubGrp II 0000437850 Loan Paid in Full 4 6.250% 360 6
Grp II SubGrp II 0000437869 Loan Paid in Full (1) 7.750% 360 6
Grp II SubGrp II 0000437934 Loan Paid in Full 0 7.250% 360 6
Grp II SubGrp II 0000437957 Loan Paid in Full 0 6.250% 360 7
Grp II SubGrp II 0000437958 Loan Paid in Full 0 6.870% 360 7
Grp II SubGrp II 0000437996 Loan Paid in Full 0 7.490% 360 8
Grp II SubGrp II 0000438051 Loan Paid in Full 0 6.750% 360 7
Grp II SubGrp II 0000438097 Loan Paid in Full 0 7.990% 360 6
Grp II SubGrp II 0000438152 Loan Paid in Full 0 7.125% 360 6
Grp II SubGrp II 0000438211 Loan Paid in Full 4 7.245% 360 6
Grp II SubGrp II 0000438293 Loan Paid in Full 3 6.620% 360 6
Grp II SubGrp II 0000438321 Loan Paid in Full 0 7.495% 360 6
Grp II SubGrp II 0000438474 Loan Paid in Full 0 8.245% 360 6
Grp II SubGrp II 0000438609 Loan Paid in Full 0 6.500% 360 6
Grp II SubGrp II 0000438698 Loan Paid in Full 2 7.740% 360 6
Grp II SubGrp II 0000438699 Loan Paid in Full 4 7.245% 360 6
Grp II SubGrp II 0000441485 Loan Paid in Full 4 6.750% 360 6
Grp II SubGrp II 0000441490 Loan Paid in Full 0 7.050% 360 6
Grp II SubGrp II 0000441693 Loan Paid in Full 1 7.400% 360 6
Grp II SubGrp II 0000441717 Loan Paid in Full 0 6.000% 360 6
Grp II SubGrp II 0000441745 Loan Paid in Full 0 6.525% 360 6
Grp II SubGrp II 0000441747 Loan Paid in Full 4 8.075% 360 6
Grp II SubGrp II 0000441750 Loan Paid in Full 0 6.025% 360 6
Grp II SubGrp II 0000442224 Loan Paid in Full 0 7.375% 360 6
Grp II SubGrp II 0000442262 Loan Paid in Full (1) 8.995% 360 5
Grp II SubGrp II 0000442679 Loan Paid in Full 0 6.500% 360 5
Grp II SubGrp II 0000442720 Loan Paid in Full 0 7.245% 360 5
Grp II SubGrp II 0000442982 Loan Paid in Full 0 7.495% 360 5
Grp II SubGrp II 0000443149 Loan Paid in Full 3 8.510% 360 5
Grp II SubGrp II 0000443160 Loan Paid in Full 4 8.995% 360 6
Grp II SubGrp II 0000447563 Loan Paid in Full 0 6.350% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.638% Current Month 35.896% Current Month 2,957.448%
3 Month Average 2.887% 3 Month Average 29.388% 3 Month Average 2,871.858%
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 8.291% N/A May-2005 3,829.585% N/A
Jun-2005 11.449% N/A Jun-2005 2,762.838% N/A
Jul-2005 16.858% N/A Jul-2005 2,745.248% N/A
Aug-2005 20.810% N/A Aug-2005 2,556.421% N/A
Sep-2005 31.457% N/A Sep-2005 3,101.705% N/A
Oct-2005 35.896% N/A Oct-2005 2,957.448% 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 SubGrp I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.516% Current Month 34.915% Current Month 2,816.487%
3 Month Average 2.296% 3 Month Average 23.827% 3 Month Average 2,207.148%
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 5.030% N/A May-2005 2,050.559% N/A
Jun-2005 5.378% N/A Jun-2005 1,219.814% N/A
Jul-2005 9.444% N/A Jul-2005 1,472.851% N/A
Aug-2005 12.711% N/A Aug-2005 1,511.352% N/A
Sep-2005 23.854% N/A Sep-2005 2,293.604% N/A
Oct-2005 34.915% N/A Oct-2005 2,816.487% 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 SubGrp II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.552% Current Month 35.205% Current Month 2,954.632%
3 Month Average 3.111% 3 Month Average 31.380% 3 Month Average 3,166.882%
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 8.919% N/A May-2005 4,579.393% N/A
Jun-2005 9.071% N/A Jun-2005 2,306.020% N/A
Jul-2005 21.178% N/A Jul-2005 3,572.792% N/A
Aug-2005 23.805% N/A Aug-2005 3,003.734% N/A
Sep-2005 35.129% N/A Sep-2005 3,542.281% N/A
Oct-2005 35.205% N/A Oct-2005 2,954.632% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Grp II SubGrp I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.821% Current Month 29.063% Current Month 2,348.221%
3 Month Average 2.032% 3 Month Average 21.460% 3 Month Average 1,994.988%
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 18.080% N/A May-2005 7,486.034% N/A
Jun-2005 10.695% N/A Jun-2005 2,443.354% N/A
Jul-2005 16.643% N/A Jul-2005 2,609.845% N/A
Aug-2005 10.118% N/A Aug-2005 1,207.714% N/A
Sep-2005 25.199% N/A Sep-2005 2,429.028% N/A
Oct-2005 29.063% N/A Oct-2005 2,348.221% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Grp II SubGrp II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.887% Current Month 37.862% Current Month 3,081.588%
3 Month Average 2.906% 3 Month Average 29.490% 3 Month Average 2,829.173%
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 6.817% N/A May-2005 2,970.099% N/A
Jun-2005 15.502% N/A Jun-2005 3,618.804% N/A
Jul-2005 13.504% N/A Jul-2005 2,150.120% N/A
Aug-2005 20.738% N/A Aug-2005 2,504.352% N/A
Sep-2005 29.871% N/A Sep-2005 2,901.580% N/A
Oct-2005 37.862% N/A Oct-2005 3,081.588% 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 SubGrp I 0 0.00 0.00 0.000%
Group I SubGrp II 0 0.00 0.00 0.000%
Grp II SubGrp I 1 56,974.10 29.60 0.000%
Grp II SubGrp II 0 0.00 0.00 0.000%
Total 1 56,974.10 29.60 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>
Grp II SubGrp I 0000443062 57,000.00 9.8750% MA 100.00 180
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>
Grp II SubGrp I 0000443062 56,974.10 29.60 29.60
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.006% Current Month 0.561%
3 Month Average 0.002% 3 Month Average 0.187%
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 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 0.006% N/A Oct-2005 0.561% 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 0.068% Current Month 0.052%
3 Month Average 0.023% 3 Month Average 0.017%
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 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 0.068% N/A Oct-2005 0.052% 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 SubGrp I
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 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 N/A N/A Apr-2005 N/A 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 I SubGrp 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 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 N/A N/A Apr-2005 N/A 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.
Grp II SubGrp I
MDR SDA
<s> <c> <s> <c>
Current Month 0.093% Current Month 9.016%
3 Month Average 0.031% 3 Month Average 3.005%
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 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 0.093% N/A Oct-2005 9.016% 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 1.116% Current Month 0.052%
3 Month Average 0.372% 3 Month Average 0.017%
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 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 1.116% N/A Oct-2005 0.052% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Grp II SubGrp 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 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 N/A N/A Apr-2005 N/A 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.
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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)
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