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): November 25, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-22
Pooling and Servicing Agreement) (Commission 54-2173207
(State or other File Number) 54-2173208
jurisdiction 54-2173209
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 November 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-E
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2005-E Trust, relating to the
November 25, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-E Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 11/28/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-E Trust,
relating to the November 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 10/31/2005
Distribution Date: 11/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series BOAMS2005-E
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
1A1 05949A5Z9 SEN 4.36606% 28,063,282.34 102,105.04
1A2 05949A6A3 SEN 4.36606% 1,104,847.22 4,019.86
1AR 05949A6B1 SEN 4.34563% 0.00 0.00
2A1 05949A6C9 SEN 4.98644% 64,985,297.63 270,037.91
2A2 05949A6D7 SEN 4.98644% 69,633,122.02 289,351.34
2A3 05949A6E5 SEN 4.65644% 40,700,000.00 157,931.03
2A4 05949A6F2 SEN 4.69144% 67,109,000.00 262,365.05
2A5 05949A6G0 SEN 4.76644% 43,690,000.00 173,538.25
2A6 05949A6H8 SEN 4.72144% 43,891,000.00 172,690.72
2A7 05949A6J4 SEN 4.62144% 88,042,000.00 339,067.58
2IO 05949A6K1 SEN 0.30556% 0.00 72,172.00
3A1 05949A6L9 SEN 5.25062% 24,722,561.05 108,173.98
4A1 05949A6M7 SEN 5.36180% 36,924,369.80 164,984.32
1IO 05949A6U9 SEN 0.54000% 0.00 13,734.56
B1 05949A6N5 SUB 4.98629% 12,039,904.56 50,028.71
B2 05949A6P0 SUB 4.98629% 3,439,687.54 14,292.73
B3 05949A6Q8 SUB 4.98629% 2,292,792.30 9,527.11
B4 05949A6R6 SUB 4.98629% 1,146,895.24 4,765.63
B5 05949A6S4 SUB 4.98629% 859,422.80 3,571.11
B6 05949A6T2 SUB 4.98629% 1,147,481.16 4,768.06
Totals 529,791,663.66 2,217,124.99
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 2,036,318.24 0.00 26,026,964.11 2,138,423.28 0.00
1A2 80,169.54 0.00 1,024,677.68 84,189.40 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 1,004,758.33 0.00 63,980,539.30 1,274,796.24 0.00
2A2 5,458,852.00 0.00 64,174,270.02 5,748,203.34 0.00
2A3 0.00 0.00 40,700,000.00 157,931.03 0.00
2A4 0.00 0.00 67,109,000.00 262,365.05 0.00
2A5 0.00 0.00 43,690,000.00 173,538.25 0.00
2A6 0.00 0.00 43,891,000.00 172,690.72 0.00
2A7 0.00 0.00 88,042,000.00 339,067.58 0.00
2IO 0.00 0.00 0.00 72,172.00 0.00
3A1 474,492.96 0.00 24,248,068.08 582,666.94 0.00
4A1 17,137.25 0.00 36,907,232.54 182,121.57 0.00
1IO 0.00 0.00 0.00 13,734.56 0.00
B1 4,653.47 0.00 12,035,251.09 54,682.18 0.00
B2 1,329.45 0.00 3,438,358.09 15,622.18 0.00
B3 886.17 0.00 2,291,906.13 10,413.28 0.00
B4 443.28 0.00 1,146,451.96 5,208.91 0.00
B5 332.17 0.00 859,090.63 3,903.28 0.00
B6 443.51 0.00 1,147,037.65 5,211.57 0.00
Totals 9,079,816.37 0.00 520,711,847.28 11,296,941.36 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
This report has been compiled from information provided to Wells Fargo Bank, N.A. by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 34,468,000.00 28,063,282.34 15,654.02 2,020,664.22 0.00 0.00
1A2 1,357,000.00 1,104,847.22 616.30 79,553.25 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 70,000,000.00 64,985,297.63 23,617.21 981,141.12 0.00 0.00
2A2 96,878,000.00 69,633,122.02 128,312.30 5,330,539.70 0.00 0.00
2A3 40,700,000.00 40,700,000.00 0.00 0.00 0.00 0.00
2A4 67,109,000.00 67,109,000.00 0.00 0.00 0.00 0.00
2A5 43,690,000.00 43,690,000.00 0.00 0.00 0.00 0.00
2A6 43,891,000.00 43,891,000.00 0.00 0.00 0.00 0.00
2A7 88,042,000.00 88,042,000.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 28,190,000.00 24,722,561.05 16,643.14 457,849.82 0.00 0.00
4A1 39,070,000.00 36,924,369.80 10,678.77 6,458.48 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 12,062,000.00 12,039,904.56 4,653.47 0.00 0.00 0.00
B2 3,446,000.00 3,439,687.54 1,329.45 0.00 0.00 0.00
B3 2,297,000.00 2,292,792.30 886.17 0.00 0.00 0.00
B4 1,149,000.00 1,146,895.24 443.28 0.00 0.00 0.00
B5 861,000.00 859,422.80 332.17 0.00 0.00 0.00
B6 1,149,587.00 1,147,481.16 443.51 0.00 0.00 0.00
Totals 574,359,687.00 529,791,663.66 203,609.79 8,876,206.59 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 2,036,318.24 26,026,964.11 0.75510514 2,036,318.24
1A2 80,169.54 1,024,677.68 0.75510514 80,169.54
1AR 0.00 0.00 0.00000000 0.00
2A1 1,004,758.33 63,980,539.30 0.91400770 1,004,758.33
2A2 5,458,852.00 64,174,270.02 0.66242356 5,458,852.00
2A3 0.00 40,700,000.00 1.00000000 0.00
2A4 0.00 67,109,000.00 1.00000000 0.00
2A5 0.00 43,690,000.00 1.00000000 0.00
2A6 0.00 43,891,000.00 1.00000000 0.00
2A7 0.00 88,042,000.00 1.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
3A1 474,492.96 24,248,068.08 0.86016559 474,492.96
4A1 17,137.25 36,907,232.54 0.94464378 17,137.25
1IO 0.00 0.00 0.00000000 0.00
B1 4,653.47 12,035,251.09 0.99778238 4,653.47
B2 1,329.45 3,438,358.09 0.99778238 1,329.45
B3 886.17 2,291,906.13 0.99778238 886.17
B4 443.28 1,146,451.96 0.99778238 443.28
B5 332.17 859,090.63 0.99778238 332.17
B6 443.51 1,147,037.65 0.99778238 443.51
Totals 9,079,816.37 520,711,847.28 0.90659539 9,079,816.37
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 34,468,000.00 814.18365847 0.45416096 58.62435360 0.00000000
1A2 1,357,000.00 814.18365512 0.45416360 58.62435520 0.00000000
1AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 70,000,000.00 928.36139471 0.33738871 14.01630171 0.00000000
2A2 96,878,000.00 718.77125890 1.32447305 55.02322199 0.00000000
2A3 40,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 67,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 43,690,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 43,891,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 88,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 28,190,000.00 876.99755410 0.59039163 16.24156864 0.00000000
4A1 39,070,000.00 945.08241106 0.27332403 0.16530535 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 12,062,000.00 998.16817775 0.38579589 0.00000000 0.00000000
B2 3,446,000.00 998.16817760 0.38579512 0.00000000 0.00000000
B3 2,297,000.00 998.16817588 0.38579451 0.00000000 0.00000000
B4 1,149,000.00 998.16818103 0.38579634 0.00000000 0.00000000
B5 861,000.00 998.16817654 0.38579559 0.00000000 0.00000000
B6 1,149,587.00 998.16817692 0.38579942 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>
1A1 0.00000000 59.07851456 755.10514419 0.75510514 59.07851456
1A2 0.00000000 59.07851142 755.10514370 0.75510514 59.07851142
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 14.35369043 914.00770429 0.91400770 14.35369043
2A2 0.00000000 56.34769504 662.42356386 0.66242356 56.34769504
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 16.83196027 860.16559347 0.86016559 16.83196027
4A1 0.00000000 0.43862938 944.64378142 0.94464378 0.43862938
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.38579589 997.78238186 0.99778238 0.38579589
B2 0.00000000 0.38579512 997.78238247 0.99778238 0.38579512
B3 0.00000000 0.38579451 997.78238137 0.99778238 0.38579451
B4 0.00000000 0.38579634 997.78238468 0.99778238 0.38579634
B5 0.00000000 0.38579559 997.78238095 0.99778238 0.38579559
B6 0.00000000 0.38579942 997.78237750 0.99778238 0.38579942
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 34,468,000.00 4.36606% 28,063,282.34 102,105.04 0.00 0.00
1A2 1,357,000.00 4.36606% 1,104,847.22 4,019.86 0.00 0.00
1AR 100.00 4.34563% 0.00 0.00 0.00 0.00
2A1 70,000,000.00 4.98644% 64,985,297.63 270,037.91 0.00 0.00
2A2 96,878,000.00 4.98644% 69,633,122.02 289,351.34 0.00 0.00
2A3 40,700,000.00 4.65644% 40,700,000.00 157,931.03 0.00 0.00
2A4 67,109,000.00 4.69144% 67,109,000.00 262,365.05 0.00 0.00
2A5 43,690,000.00 4.76644% 43,690,000.00 173,538.25 0.00 0.00
2A6 43,891,000.00 4.72144% 43,891,000.00 172,690.72 0.00 0.00
2A7 88,042,000.00 4.62144% 88,042,000.00 339,067.58 0.00 0.00
2IO 0.00 0.30556% 283,432,000.00 72,172.00 0.00 0.00
3A1 28,190,000.00 5.25062% 24,722,561.05 108,173.98 0.00 0.00
4A1 39,070,000.00 5.36180% 36,924,369.80 164,984.32 0.00 0.00
1IO 0.00 0.54000% 30,521,253.57 13,734.56 0.00 0.00
B1 12,062,000.00 4.98629% 12,039,904.56 50,028.71 0.00 0.00
B2 3,446,000.00 4.98629% 3,439,687.54 14,292.73 0.00 0.00
B3 2,297,000.00 4.98629% 2,292,792.30 9,527.11 0.00 0.00
B4 1,149,000.00 4.98629% 1,146,895.24 4,765.63 0.00 0.00
B5 861,000.00 4.98629% 859,422.80 3,571.11 0.00 0.00
B6 1,149,587.00 4.98629% 1,147,481.16 4,768.06 0.00 0.00
Totals 574,359,687.00 2,217,124.99 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 102,105.04 0.00 26,026,964.11
1A2 0.00 0.00 4,019.86 0.00 1,024,677.68
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 270,037.91 0.00 63,980,539.30
2A2 0.00 0.00 289,351.34 0.00 64,174,270.02
2A3 0.00 0.00 157,931.03 0.00 40,700,000.00
2A4 0.00 0.00 262,365.05 0.00 67,109,000.00
2A5 0.00 0.00 173,538.25 0.00 43,690,000.00
2A6 0.00 0.00 172,690.72 0.00 43,891,000.00
2A7 0.00 0.00 339,067.58 0.00 88,042,000.00
2IO 0.00 0.00 72,172.00 0.00 283,432,000.00
3A1 0.00 0.00 108,173.98 0.00 24,248,068.08
4A1 0.00 0.00 164,984.32 0.00 36,907,232.54
1IO 0.00 0.00 13,734.56 0.00 28,404,011.00
B1 0.00 0.00 50,028.71 0.00 12,035,251.09
B2 0.00 0.00 14,292.73 0.00 3,438,358.09
B3 0.00 0.00 9,527.11 0.00 2,291,906.13
B4 0.00 0.00 4,765.63 0.00 1,146,451.96
B5 0.00 0.00 3,571.11 0.00 859,090.63
B6 0.00 0.00 4,768.06 0.00 1,147,037.65
Totals 0.00 0.00 2,217,124.99 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 34,468,000.00 4.36606% 814.18365847 2.96231403 0.00000000 0.00000000
1A2 1,357,000.00 4.36606% 814.18365512 2.96231393 0.00000000 0.00000000
1AR 100.00 4.34563% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 70,000,000.00 4.98644% 928.36139471 3.85768443 0.00000000 0.00000000
2A2 96,878,000.00 4.98644% 718.77125890 2.98676005 0.00000000 0.00000000
2A3 40,700,000.00 4.65644% 1000.00000000 3.88036929 0.00000000 0.00000000
2A4 67,109,000.00 4.69144% 1000.00000000 3.90953598 0.00000000 0.00000000
2A5 43,690,000.00 4.76644% 1000.00000000 3.97203593 0.00000000 0.00000000
2A6 43,891,000.00 4.72144% 1000.00000000 3.93453601 0.00000000 0.00000000
2A7 88,042,000.00 4.62144% 1000.00000000 3.85120261 0.00000000 0.00000000
2IO 0.00 0.30556% 1000.00000000 0.25463603 0.00000000 0.00000000
3A1 28,190,000.00 5.25062% 876.99755410 3.83731749 0.00000000 0.00000000
4A1 39,070,000.00 5.36180% 945.08241106 4.22278782 0.00000000 0.00000000
1IO 0.00 0.54000% 820.86223386 0.36938789 0.00000000 0.00000000
B1 12,062,000.00 4.98629% 998.16817775 4.14762975 0.00000000 0.00000000
B2 3,446,000.00 4.98629% 998.16817760 4.14762914 0.00000000 0.00000000
B3 2,297,000.00 4.98629% 998.16817588 4.14763169 0.00000000 0.00000000
B4 1,149,000.00 4.98629% 998.16818103 4.14763272 0.00000000 0.00000000
B5 861,000.00 4.98629% 998.16817654 4.14763066 0.00000000 0.00000000
B6 1,149,587.00 4.98629% 998.16817692 4.14762867 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>
1A1 0.00000000 0.00000000 2.96231403 0.00000000 755.10514419
1A2 0.00000000 0.00000000 2.96231393 0.00000000 755.10514370
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.85768443 0.00000000 914.00770429
2A2 0.00000000 0.00000000 2.98676005 0.00000000 662.42356386
2A3 0.00000000 0.00000000 3.88036929 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.90953598 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.97203593 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.93453601 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.85120261 0.00000000 1000.00000000
2IO 0.00000000 0.00000000 0.25463603 0.00000000 1000.00000000
3A1 0.00000000 0.00000000 3.83731749 0.00000000 860.16559347
4A1 0.00000000 0.00000000 4.22278782 0.00000000 944.64378142
1IO 0.00000000 0.00000000 0.36938789 0.00000000 763.91947226
B1 0.00000000 0.00000000 4.14762975 0.00000000 997.78238186
B2 0.00000000 0.00000000 4.14762914 0.00000000 997.78238247
B3 0.00000000 0.00000000 4.14763169 0.00000000 997.78238137
B4 0.00000000 0.00000000 4.14763272 0.00000000 997.78238468
B5 0.00000000 0.00000000 4.14763066 0.00000000 997.78238095
B6 0.00000000 0.00000000 4.14762867 0.00000000 997.78237750
<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 11,412,039.14
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 11,412,039.14
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 115,097.78
Payment of Interest and Principal 11,296,941.36
Total Withdrawals (Pool Distribution Amount) 11,412,039.14
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 113,552.56
Trustee Fee - Wells Fargo Bank, N.A. 1,545.22
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 115,097.78
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
4,373,053.13 0.00 0.00 0.00 4,373,053.13
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 1 0 1
0.00 0.00 407,507.18 0.00 407,507.18
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 9 0 1 0 10
4,373,053.13 0.00 407,507.18 0.00 4,780,560.31
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.897308% 0.000000% 0.000000% 0.000000% 0.897308%
0.839550% 0.000000% 0.000000% 0.000000% 0.839550%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.099701% 0.000000% 0.099701%
0.000000% 0.000000% 0.078234% 0.000000% 0.078234%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.897308% 0.000000% 0.099701% 0.000000% 0.997009%
0.839550% 0.000000% 0.078234% 0.000000% 0.917784%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1-Three Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2- Five Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
4,373,053.13 0.00 0.00 0.00 4,373,053.13
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 1 0 1
0.00 0.00 407,507.18 0.00 407,507.18
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 9 0 1 0 10
4,373,053.13 0.00 407,507.18 0.00 4,780,560.31
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.089588% 0.000000% 0.000000% 0.000000% 1.089588%
1.019961% 0.000000% 0.000000% 0.000000% 1.019961%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.121065% 0.000000% 0.121065%
0.000000% 0.000000% 0.095046% 0.000000% 0.095046%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.089588% 0.000000% 0.121065% 0.000000% 1.210654%
1.019961% 0.000000% 0.095046% 0.000000% 1.115007%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3- Seven Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4- Ten Year ARM No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 21,610.89
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1-Three Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2- Five Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3- Seven Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4- Ten Year ARM 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Dec-04 0.000%
Original Principal Balance 408,000.00 Jan-05 0.000%
Current Principal Balance 407,507.18 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 1 May-05 0.000%
Original Principal Balance 408,000.00 Jun-05 0.000%
Current Principal Balance 407,507.18 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.078%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1-Three Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2- Five Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Dec-04 0.000%
Original Principal Balance 408,000.00 Jan-05 0.000%
Current Principal Balance 407,507.18 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 1 May-05 0.000%
Original Principal Balance 408,000.00 Jun-05 0.000%
Current Principal Balance 407,507.18 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.095%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3- Seven Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
4- Ten Year ARM 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
2- Five Year ARM 6553795136 Nov-2005 01-Jun-2005 NV 80.00 408,000.00
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>
2- Five Year ARM 6553795136 407,507.18 01-Jun-2005 4 5.500% 10,679.69
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.282580%
Weighted Average Net Coupon 5.025379%
Weighted Average Pass-Through Rate 5.021879%
Weighted Average Maturity(Stepdown Calculation) 353
Beginning Scheduled Collateral Loan Count 1,017
Number Of Loans Paid In Full 14
Ending Scheduled Collateral Loan Count 1,003
Beginning Scheduled Collateral Balance 529,791,664.58
Ending Scheduled Collateral Balance 520,711,848.20
Ending Actual Collateral Balance at 31-Oct-2005 520,880,663.78
Monthly P&I Constant 2,535,832.34
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 203,609.79
Unscheduled Principal 8,876,206.59
Miscellaneous Reporting
Total Senior Percentage 96.050111%
Aggregate Senior Percentage 3.949889%
Group Level Collateral Statement
Group 1-Three Year ARM 2- Five Year ARM 3- Seven Year ARM
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 5.284563 5.239942 5.504119
Weighted Average Net Rate 4.909563 4.989942 5.254119
Weighted Average Maturity 353 353 354
Beginning Loan Count 61 836 52
Loans Paid In Full 3 10 1
Ending Loan Count 58 826 51
Beginning Scheduled Balance 30,521,253.57 435,080,387.62 25,786,898.23
Ending Scheduled Balance 28,404,011.00 428,610,588.20 25,311,688.76
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 151,434.68 2,057,948.78 135,638.12
Scheduled Principal 17,025.10 158,118.60 17,359.65
Unscheduled Principal 2,100,217.47 6,311,680.82 457,849.82
Scheduled Interest 134,409.58 1,899,830.18 118,278.47
Servicing Fees 9,537.89 90,641.75 5,372.27
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 89.02 1,268.98 75.21
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 124,782.67 1,807,919.45 112,830.99
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 4.906063 4.986442 5.250619
Group Level Collateral Statement
Group 4- Ten Year ARM Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.615303 5.282580
Weighted Average Net Rate 5.365303 5.025379
Weighted Average Maturity 354 353
Beginning Loan Count 68 1,017
Loans Paid In Full 0 14
Ending Loan Count 68 1,003
Beginning Scheduled Balance 38,403,125.16 529,791,664.58
Ending scheduled Balance 38,385,560.24 520,711,848.20
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 190,810.76 2,535,832.34
Scheduled Principal 11,106.44 203,609.79
Unscheduled Principal 6,458.48 8,876,206.59
Scheduled Interest 179,704.32 2,332,222.55
Servicing Fees 8,000.65 113,552.56
Master Servicing Fees 0.00 0.00
Trustee Fee 112.01 1,545.22
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 171,591.66 2,217,124.77
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.361803 5.021879
Miscellaneous Reporting
Group 1-Three Year ARM
CPR 57.515010%
Subordinate Percentage 4.433382%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.566618%
Group 2- Five Year ARM
CPR 16.089752%
Subordinate Percentage 3.914211%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.085789%
Group 3- Seven Year ARM
CPR 19.355686%
Subordinate Percentage 4.127433%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.872567%
Miscellaneous Reporting
Group 4- Ten Year ARM
CPR 0.201683%
Subordinate Percentage 3.850612%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.149388%
Prepayment Detail - Prepayments during Current Period
Summary Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
1-Three Year ARM 3 2,105,750.00 2,100,387.06 0 0.00 0.00
2- Five Year ARM 10 5,824,600.00 5,399,659.12 0 0.00 0.00
3- Seven Year ARM 1 456,000.00 456,000.00 0 0.00 0.00
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00
Total 14 8,386,350.00 7,956,046.18 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1-Three Year ARM 0 0.00 0.00 0 0.00 0.00 914.19
2- Five Year ARM 0 0.00 0.00 0 0.00 0.00 912,651.74
3- Seven Year ARM 0 0.00 0.00 0 0.00 0.00 1,849.82
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00 6,458.48
Total 0 0.00 0.00 0 0.00 0.00 921,874.23
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
1-Three Year ARM 6140479889 NJ 66.75 01-Jun-2005 500,000.00 500,000.00
1-Three Year ARM 6316314464 CA 75.00 01-Jun-2005 945,750.00 939,303.28
1-Three Year ARM 6596504438 NV 60.00 01-Jun-2005 660,000.00 660,000.00
2- Five Year ARM 6170165903 CA 65.00 01-May-2005 552,500.00 548,306.73
2- Five Year ARM 6256845147 CA 80.00 01-May-2005 400,000.00 398,942.20
2- Five Year ARM 6307888674 TN 64.92 01-Jun-2005 857,000.00 857,000.00
2- Five Year ARM 6336074353 CA 80.00 01-Jun-2005 422,100.00 1,802.72
2- Five Year ARM 6372576014 CA 80.00 01-Jun-2005 484,000.00 484,000.00
2- Five Year ARM 6516104855 CA 70.00 01-Jun-2005 945,000.00 945,000.00
2- Five Year ARM 6556004072 CA 80.00 01-Jun-2005 960,000.00 960,000.00
2- Five Year ARM 6693773191 ID 80.00 01-May-2005 408,000.00 408,000.00
2- Five Year ARM 6885366184 SC 65.76 01-Jun-2005 411,000.00 411,000.00
2- Five Year ARM 6929378419 CA 70.00 01-Jun-2005 385,000.00 384,977.43
3- Seven Year ARM 6805052880 NV 95.00 01-May-2005 456,000.00 456,000.00
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
1-Three Year ARM 6140479889 Loan Paid in Full 0 5.500% 360 5
1-Three Year ARM 6316314464 Loan Paid in Full 0 5.375% 360 5
1-Three Year ARM 6596504438 Loan Paid in Full 0 5.875% 360 5
2- Five Year ARM 6170165903 Loan Paid in Full 0 5.625% 360 6
2- Five Year ARM 6256845147 Loan Paid in Full (1) 5.375% 360 6
2- Five Year ARM 6307888674 Loan Paid in Full 0 5.625% 360 5
2- Five Year ARM 6336074353 Loan Paid in Full 0 5.125% 360 5
2- Five Year ARM 6372576014 Loan Paid in Full (1) 5.500% 360 5
2- Five Year ARM 6516104855 Loan Paid in Full (1) 5.875% 360 5
2- Five Year ARM 6556004072 Loan Paid in Full (2) 5.375% 360 5
2- Five Year ARM 6693773191 Loan Paid in Full 0 4.375% 360 6
2- Five Year ARM 6885366184 Loan Paid in Full 0 5.875% 360 5
2- Five Year ARM 6929378419 Loan Paid in Full 0 5.250% 360 5
3- Seven Year ARM 6805052880 Loan Paid in Full 0 6.375% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.676% Current Month 18.358% Current Month 1,670.524%
3 Month Average 1.475% 3 Month Average 16.322% 3 Month Average 1,852.237%
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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 11.071% N/A Jun-2005 11,372.012% N/A
Jul-2005 15.206% N/A Jul-2005 5,100.639% N/A
Aug-2005 28.309% N/A Aug-2005 5,692.199% N/A
Sep-2005 14.953% N/A Sep-2005 2,143.418% N/A
Oct-2005 15.654% N/A Oct-2005 1,742.770% N/A
Nov-2005 18.358% N/A Nov-2005 1,670.524% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1-Three Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 6.885% Current Month 57.515% Current Month 5,340.632%
3 Month Average 4.303% 3 Month Average 38.827% 3 Month Average 4,215.719%
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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 23.152% N/A Jun-2005 33,142.402% N/A
Jul-2005 42.554% N/A Jul-2005 15,580.148% N/A
Aug-2005 54.202% N/A Aug-2005 11,469.370% N/A
Sep-2005 15.760% N/A Sep-2005 2,349.611% N/A
Oct-2005 43.207% N/A Oct-2005 4,956.913% N/A
Nov-2005 57.515% N/A Nov-2005 5,340.632% 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.
2- Five Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.451% Current Month 16.090% Current Month 1,476.410%
3 Month Average 1.269% 3 Month Average 14.203% 3 Month Average 1,626.466%
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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 11.317% N/A Jun-2005 12,777.112% N/A
Jul-2005 13.805% N/A Jul-2005 4,777.186% N/A
Aug-2005 24.795% N/A Aug-2005 5,075.299% N/A
Sep-2005 12.872% N/A Sep-2005 1,868.496% N/A
Oct-2005 13.648% N/A Oct-2005 1,534.491% N/A
Nov-2005 16.090% N/A Nov-2005 1,476.410% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3- Seven Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.777% Current Month 19.356% Current Month 1,762.992%
3 Month Average 3.395% 3 Month Average 32.715% 3 Month Average 4,035.600%
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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 4.834% N/A Jun-2005 4,739.365% N/A
Jul-2005 1.097% N/A Jul-2005 363.288% N/A
Aug-2005 32.176% N/A Aug-2005 6,449.777% N/A
Sep-2005 50.146% N/A Sep-2005 7,159.978% N/A
Oct-2005 28.645% N/A Oct-2005 3,183.828% N/A
Nov-2005 19.356% N/A Nov-2005 1,762.992% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4- Ten Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.017% Current Month 0.202% Current Month 16.553%
3 Month Average 0.160% 3 Month Average 1.879% 3 Month Average 224.915%
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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.193% N/A Jun-2005 88.305% N/A
Jul-2005 11.302% N/A Jul-2005 2,684.427% N/A
Aug-2005 36.796% N/A Aug-2005 5,950.192% N/A
Sep-2005 5.188% N/A Sep-2005 633.829% N/A
Oct-2005 0.248% N/A Oct-2005 24.363% N/A
Nov-2005 0.202% N/A Nov-2005 16.553% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1-Three Year ARM 0 0.00 0.00 0.000%
2- Five Year ARM 0 0.00 0.00 0.000%
3- Seven Year ARM 0 0.00 0.00 0.000%
4- Ten Year ARM 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1-Three Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2- Five Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
3- Seven Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
4- Ten Year ARM
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-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>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-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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