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
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-AG1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-09 54-2186648
Pooling and Servicing Agreement) (Commission 54-2186649
(State or other File Number) 54-2186650
jurisdiction 54-2186651
of Incorporation) 54-2186798
54-2186799
54-2186800
54-2186801
54-2186802
54-2186803
54-2186804
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 ACE SECURITIES CORP
. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-AG1 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-AG1 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.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-AG1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
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 Asset Backed
Pass-Through Certificates, Series 2005-AG1 Trust,
relating to the November 25, 2005 distribution.
EX-99.1
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Record Date: 10/31/2005
Distribution Date: 11/25/2005
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Series ACE 2005-AG1
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 004427BV1 SEN 4.33000% 181,194,000.00 610,221.13
A1-B1 004427BW9 SEN 4.34000% 122,154,000.00 412,337.61
A1-B2 004427BX7 SEN 4.36000% 30,539,000.00 103,561.14
A-2A 004427BY5 SEN 4.21000% 99,708,000.00 326,488.31
A-2B 004427BZ2 SEN 4.28000% 43,378,000.00 144,400.54
A-2C 004427CA6 SEN 4.34000% 24,668,000.00 83,268.20
A-2D 004427CB4 SEN 4.43000% 18,793,000.00 64,752.33
M-1 004427CC2 MEZ 4.51000% 27,373,000.00 96,018.40
M-2 004427CD0 MEZ 4.53000% 25,294,000.00 89,119.19
M-3 004427CE8 MEZ 4.56000% 17,671,000.00 62,673.15
M-4 004427CF5 MEZ 4.68000% 13,167,000.00 47,927.88
M-5 004427CG3 MEZ 4.76000% 12,474,000.00 46,181.52
M-6 004427CH1 MEZ 4.84000% 10,741,000.00 40,433.90
B-1 004427CJ7 SUB 5.32000% 11,434,000.00 47,311.35
B-2 004427CK4 SUB 5.42000% 8,316,000.00 35,056.56
B-3 004427CL2 SUB 5.82000% 7,623,000.00 34,506.78
B-4 004427CM0 SUB 6.07000% 6,930,000.00 32,717.30
B-5 004427CN8 SUB 6.07000% 6,930,000.00 32,717.30
P ACE05AG1P SEN 0.00000% 100.00 104,048.73
C-E ACE05G1CE SUB 0.00000% 24,601,583.59 1,296,843.08
R-1 ACE05G1R1 RES 0.00000% 0.00 0.00
Totals 692,988,683.59 3,710,584.40
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 4,348,217.24 0.00 176,845,782.76 4,958,438.37 0.00
A1-B1 3,091,425.01 0.00 119,062,574.99 3,503,762.62 0.00
A1-B2 772,868.91 0.00 29,766,131.09 876,430.05 0.00
A-2A 3,493,003.67 0.00 96,214,996.33 3,819,491.98 0.00
A-2B 0.00 0.00 43,378,000.00 144,400.54 0.00
A-2C 0.00 0.00 24,668,000.00 83,268.20 0.00
A-2D 0.00 0.00 18,793,000.00 64,752.33 0.00
M-1 0.00 0.00 27,373,000.00 96,018.40 0.00
M-2 0.00 0.00 25,294,000.00 89,119.19 0.00
M-3 0.00 0.00 17,671,000.00 62,673.15 0.00
M-4 0.00 0.00 13,167,000.00 47,927.88 0.00
M-5 0.00 0.00 12,474,000.00 46,181.52 0.00
M-6 0.00 0.00 10,741,000.00 40,433.90 0.00
B-1 0.00 0.00 11,434,000.00 47,311.35 0.00
B-2 0.00 0.00 8,316,000.00 35,056.56 0.00
B-3 0.00 0.00 7,623,000.00 34,506.78 0.00
B-4 0.00 0.00 6,930,000.00 32,717.30 0.00
B-5 0.00 0.00 6,930,000.00 32,717.30 0.00
P 0.00 0.00 100.00 104,048.73 0.00
C-E 0.00 0.00 24,601,098.27 1,296,843.08 0.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 11,705,514.83 0.00 681,282,683.44 15,416,099.23 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 181,194,000.00 181,194,000.00 0.00 4,348,217.24 0.00 0.00
A1-B1 122,154,000.00 122,154,000.00 0.00 3,091,425.01 0.00 0.00
A1-B2 30,539,000.00 30,539,000.00 0.00 772,868.91 0.00 0.00
A-2A 99,708,000.00 99,708,000.00 0.00 3,493,003.67 0.00 0.00
A-2B 43,378,000.00 43,378,000.00 0.00 0.00 0.00 0.00
A-2C 24,668,000.00 24,668,000.00 0.00 0.00 0.00 0.00
A-2D 18,793,000.00 18,793,000.00 0.00 0.00 0.00 0.00
M-1 27,373,000.00 27,373,000.00 0.00 0.00 0.00 0.00
M-2 25,294,000.00 25,294,000.00 0.00 0.00 0.00 0.00
M-3 17,671,000.00 17,671,000.00 0.00 0.00 0.00 0.00
M-4 13,167,000.00 13,167,000.00 0.00 0.00 0.00 0.00
M-5 12,474,000.00 12,474,000.00 0.00 0.00 0.00 0.00
M-6 10,741,000.00 10,741,000.00 0.00 0.00 0.00 0.00
B-1 11,434,000.00 11,434,000.00 0.00 0.00 0.00 0.00
B-2 8,316,000.00 8,316,000.00 0.00 0.00 0.00 0.00
B-3 7,623,000.00 7,623,000.00 0.00 0.00 0.00 0.00
B-4 6,930,000.00 6,930,000.00 0.00 0.00 0.00 0.00
B-5 6,930,000.00 6,930,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
C-E 24,601,583.59 24,601,583.59 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 692,988,683.59 692,988,683.59 0.00 11,705,514.83 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 4,348,217.24 176,845,782.76 0.97600242 4,348,217.24
A1-B1 3,091,425.01 119,062,574.99 0.97469240 3,091,425.01
A1-B2 772,868.91 29,766,131.09 0.97469240 772,868.91
A-2A 3,493,003.67 96,214,996.33 0.96496767 3,493,003.67
A-2B 0.00 43,378,000.00 1.00000000 0.00
A-2C 0.00 24,668,000.00 1.00000000 0.00
A-2D 0.00 18,793,000.00 1.00000000 0.00
M-1 0.00 27,373,000.00 1.00000000 0.00
M-2 0.00 25,294,000.00 1.00000000 0.00
M-3 0.00 17,671,000.00 1.00000000 0.00
M-4 0.00 13,167,000.00 1.00000000 0.00
M-5 0.00 12,474,000.00 1.00000000 0.00
M-6 0.00 10,741,000.00 1.00000000 0.00
B-1 0.00 11,434,000.00 1.00000000 0.00
B-2 0.00 8,316,000.00 1.00000000 0.00
B-3 0.00 7,623,000.00 1.00000000 0.00
B-4 0.00 6,930,000.00 1.00000000 0.00
B-5 0.00 6,930,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
C-E 0.00 24,601,098.27 0.99998027 0.00
R-1 0.00 0.00 0.00000000 0.00
Totals 11,705,514.83 681,282,683.44 0.98310795 11,705,514.83
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 181,194,000.00 1000.00000000 0.00000000 23.99757851 0.00000000
A1-B1 122,154,000.00 1000.00000000 0.00000000 25.30760360 0.00000000
A1-B2 30,539,000.00 1000.00000000 0.00000000 25.30760372 0.00000000
A-2A 99,708,000.00 1000.00000000 0.00000000 35.03233111 0.00000000
A-2B 43,378,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 24,668,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2D 18,793,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 27,373,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,294,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 17,671,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 13,167,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 12,474,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 10,741,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 11,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 8,316,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 7,623,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-4 6,930,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-5 6,930,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
C-E 24,601,583.59 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 23.99757851 976.00242149 0.97600242 23.99757851
A1-B1 0.00000000 25.30760360 974.69239640 0.97469240 25.30760360
A1-B2 0.00000000 25.30760372 974.69239628 0.97469240 25.30760372
A-2A 0.00000000 35.03233111 964.96766889 0.96496767 35.03233111
A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2D 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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
B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
C-E 0.00000000 0.00000000 999.98027281 0.99998027 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 181,194,000.00 4.33000% 181,194,000.00 610,221.13 0.00 0.00
A1-B1 122,154,000.00 4.34000% 122,154,000.00 412,337.61 0.00 0.00
A1-B2 30,539,000.00 4.36000% 30,539,000.00 103,561.14 0.00 0.00
A-2A 99,708,000.00 4.21000% 99,708,000.00 326,488.31 0.00 0.00
A-2B 43,378,000.00 4.28000% 43,378,000.00 144,400.54 0.00 0.00
A-2C 24,668,000.00 4.34000% 24,668,000.00 83,268.20 0.00 0.00
A-2D 18,793,000.00 4.43000% 18,793,000.00 64,752.33 0.00 0.00
M-1 27,373,000.00 4.51000% 27,373,000.00 96,018.40 0.00 0.00
M-2 25,294,000.00 4.53000% 25,294,000.00 89,119.19 0.00 0.00
M-3 17,671,000.00 4.56000% 17,671,000.00 62,673.15 0.00 0.00
M-4 13,167,000.00 4.68000% 13,167,000.00 47,927.88 0.00 0.00
M-5 12,474,000.00 4.76000% 12,474,000.00 46,181.52 0.00 0.00
M-6 10,741,000.00 4.84000% 10,741,000.00 40,433.90 0.00 0.00
B-1 11,434,000.00 5.32000% 11,434,000.00 47,311.35 0.00 0.00
B-2 8,316,000.00 5.42000% 8,316,000.00 35,056.56 0.00 0.00
B-3 7,623,000.00 5.82000% 7,623,000.00 34,506.78 0.00 0.00
B-4 6,930,000.00 6.07000% 6,930,000.00 32,717.30 0.00 0.00
B-5 6,930,000.00 6.07000% 6,930,000.00 32,717.30 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
C-E 24,601,583.59 0.00000% 692,988,683.59 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 692,988,683.59 2,309,692.59 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 0.00 610,221.13 0.00 176,845,782.76
A1-B1 0.00 0.00 412,337.61 0.00 119,062,574.99
A1-B2 0.00 0.00 103,561.14 0.00 29,766,131.09
A-2A 0.00 0.00 326,488.31 0.00 96,214,996.33
A-2B 0.00 0.00 144,400.54 0.00 43,378,000.00
A-2C 0.00 0.00 83,268.20 0.00 24,668,000.00
A-2D 0.00 0.00 64,752.33 0.00 18,793,000.00
M-1 0.00 0.00 96,018.40 0.00 27,373,000.00
M-2 0.00 0.00 89,119.19 0.00 25,294,000.00
M-3 0.00 0.00 62,673.15 0.00 17,671,000.00
M-4 0.00 0.00 47,927.88 0.00 13,167,000.00
M-5 0.00 0.00 46,181.52 0.00 12,474,000.00
M-6 0.00 0.00 40,433.90 0.00 10,741,000.00
B-1 0.00 0.00 47,311.35 0.00 11,434,000.00
B-2 0.00 0.00 35,056.56 0.00 8,316,000.00
B-3 0.00 0.00 34,506.78 0.00 7,623,000.00
B-4 0.00 0.00 32,717.30 0.00 6,930,000.00
B-5 0.00 0.00 32,717.30 0.00 6,930,000.00
P 0.00 0.00 104,048.73 0.00 100.00
C-E 0.00 0.00 1,296,843.08 0.00 681,282,683.44
R-1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,710,584.40 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 181,194,000.00 4.33000% 1000.00000000 3.36777780 0.00000000 0.00000000
A1-B1 122,154,000.00 4.34000% 1000.00000000 3.37555553 0.00000000 0.00000000
A1-B2 30,539,000.00 4.36000% 1000.00000000 3.39111104 0.00000000 0.00000000
A-2A 99,708,000.00 4.21000% 1000.00000000 3.27444448 0.00000000 0.00000000
A-2B 43,378,000.00 4.28000% 1000.00000000 3.32888884 0.00000000 0.00000000
A-2C 24,668,000.00 4.34000% 1000.00000000 3.37555538 0.00000000 0.00000000
A-2D 18,793,000.00 4.43000% 1000.00000000 3.44555579 0.00000000 0.00000000
M-1 27,373,000.00 4.51000% 1000.00000000 3.50777774 0.00000000 0.00000000
M-2 25,294,000.00 4.53000% 1000.00000000 3.52333320 0.00000000 0.00000000
M-3 17,671,000.00 4.56000% 1000.00000000 3.54666686 0.00000000 0.00000000
M-4 13,167,000.00 4.68000% 1000.00000000 3.64000000 0.00000000 0.00000000
M-5 12,474,000.00 4.76000% 1000.00000000 3.70222222 0.00000000 0.00000000
M-6 10,741,000.00 4.84000% 1000.00000000 3.76444465 0.00000000 0.00000000
B-1 11,434,000.00 5.32000% 1000.00000000 4.13777768 0.00000000 0.00000000
B-2 8,316,000.00 5.42000% 1000.00000000 4.21555556 0.00000000 0.00000000
B-3 7,623,000.00 5.82000% 1000.00000000 4.52666667 0.00000000 0.00000000
B-4 6,930,000.00 6.07000% 1000.00000000 4.72111111 0.00000000 0.00000000
B-5 6,930,000.00 6.07000% 1000.00000000 4.72111111 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
C-E 24,601,583.59 0.00000% 28168.45838622 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 3.36777780 0.00000000 976.00242149
A1-B1 0.00000000 0.00000000 3.37555553 0.00000000 974.69239640
A1-B2 0.00000000 0.00000000 3.39111104 0.00000000 974.69239628
A-2A 0.00000000 0.00000000 3.27444448 0.00000000 964.96766889
A-2B 0.00000000 0.00000000 3.32888884 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.37555538 0.00000000 1000.00000000
A-2D 0.00000000 0.00000000 3.44555579 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.50777774 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.52333320 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.54666686 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.64000000 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.70222222 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.76444465 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 4.13777768 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 4.21555556 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 4.52666667 0.00000000 1000.00000000
B-4 0.00000000 0.00000000 4.72111111 0.00000000 1000.00000000
B-5 0.00000000 0.00000000 4.72111111 0.00000000 1000.00000000
P 0.00000000 0.00000000 1040487.30000000 0.00000000 1000.00000000
C-E 0.00000000 0.00000000 52.71380500 0.00000000 27692.63535202
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 15,528,431.11
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 72,364.68
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 104,048.73
Total Deposits 15,704,844.52
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 288,745.29
Payment of Interest and Principal 15,416,099.23
Total Withdrawals (Pool Distribution Amount) 15,704,844.52
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 288,745.29
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 288,745.29
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 37 0 0 0 37
10,762,304.95 0.00 0.00 0.00 10,762,304.95
60 Days 5 0 0 0 5
1,981,650.00 0.00 0.00 0.00 1,981,650.00
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 42 0 0 0 42
12,743,954.95 0.00 0.00 0.00 12,743,954.95
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.441371% 0.000000% 0.000000% 0.000000% 1.441371%
1.579712% 0.000000% 0.000000% 0.000000% 1.579712%
60 Days 0.194780% 0.000000% 0.000000% 0.000000% 0.194780%
0.290870% 0.000000% 0.000000% 0.000000% 0.290870%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.636151% 0.000000% 0.000000% 0.000000% 1.636151%
1.870583% 0.000000% 0.000000% 0.000000% 1.870583%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GR 1- Sub GR1 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>
GR 1-Sub GR2 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 14 0 0 0 14
3,085,347.65 0.00 0.00 0.00 3,085,347.65
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 14 0 0 0 14
3,085,347.65 0.00 0.00 0.00 3,085,347.65
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
1.423420% 0.000000% 0.000000% 0.000000% 1.423420%
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 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
1.423420% 0.000000% 0.000000% 0.000000% 1.423420%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GR 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 14 0 0 0 14
3,596,251.21 0.00 0.00 0.00 3,596,251.21
60 Days 1 0 0 0 1
325,400.00 0.00 0.00 0.00 325,400.00
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 15 0 0 0 15
3,921,651.21 0.00 0.00 0.00 3,921,651.21
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.696970% 0.000000% 0.000000% 0.000000% 1.696970%
1.803040% 0.000000% 0.000000% 0.000000% 1.803040%
60 Days 0.121212% 0.000000% 0.000000% 0.000000% 0.121212%
0.163145% 0.000000% 0.000000% 0.000000% 0.163145%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.818182% 0.000000% 0.000000% 0.000000% 1.818182%
1.966184% 0.000000% 0.000000% 0.000000% 1.966184%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GR 3 -Sub GR1 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>
GR 3 -Sub GR2 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
4,080,706.09 0.00 0.00 0.00 4,080,706.09
60 Days 4 0 0 0 4
1,656,250.00 0.00 0.00 0.00 1,656,250.00
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 13 0 0 0 13
5,736,956.09 0.00 0.00 0.00 5,736,956.09
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.747573% 0.000000% 0.000000% 0.000000% 1.747573%
1.788761% 0.000000% 0.000000% 0.000000% 1.788761%
60 Days 0.776699% 0.000000% 0.000000% 0.000000% 0.776699%
0.726010% 0.000000% 0.000000% 0.000000% 0.726010%
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 2.524272% 0.000000% 0.000000% 0.000000% 2.524272%
2.514771% 0.000000% 0.000000% 0.000000% 2.514771%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 72,364.68
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.
GR 1- Sub GR1 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.
GR 1-Sub GR2 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.
GR 2 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.
GR 3 -Sub GR1 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.
GR 3 -Sub GR2 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 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.
GR 1- Sub GR1 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.
GR 1-Sub GR2 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.
GR 2 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.
GR 3 -Sub GR1 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.
GR 3 -Sub GR2 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>
No Foreclosure loans this period.
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>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.744346%
Weighted Average Net Coupon 6.244345%
Weighted Average Pass-Through Rate 6.244345%
Weighted Average Maturity(Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 2,610
Number Of Loans Paid In Full 43
Ending Scheduled Collateral Loan Count 2,567
Beginning Scheduled Collateral Balance 692,988,683.59
Ending Scheduled Collateral Balance 681,282,683.44
Ending Actual Collateral Balance at 31-Oct-2005 681,282,683.44
Monthly P&I Constant 3,894,796.31
Special Servicing Fee 0.00
Prepayment Penalties 104,048.73
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 0.00
Unscheduled Principal 11,706,000.15
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 485.32
Specified O/C Amount 24,601,098.27
Overcollateralized Amount 24,601,098.27
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Credit Enhancement Percentage: 25.327913%
Group Level Collateral Statement
Group GR 1- Sub GR1 GR 1-Sub GR2 GR 2
Collateral Description Mixed Fixed Mixed ARM Mixed ARM
Weighted Average Coupon Rate 6.593506 6.749421 6.850520
Weighted Average Net Rate 6.093506 6.249421 6.350520
Weighted Average Maturity 357 357 357
Beginning Loan Count 88 1,111 841
Loans Paid In Full 1 19 16
Ending Loan Count 87 1,092 825
Beginning Scheduled Balance 20,337,562.97 220,933,144.38 203,319,378.62
Ending Scheduled Balance 20,166,321.97 216,755,987.86 199,454,924.48
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 111,746.53 1,242,642.31 1,160,702.82
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 171,241.00 4,177,156.52 3,864,454.14
Scheduled Interest 111,746.53 1,242,642.31 1,160,702.82
Servicing Fees 8,473.98 92,055.48 84,716.41
Master Servicing Fees 0.00 0.00 0.00
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 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 103,272.55 1,150,586.83 1,075,986.41
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.093506 6.249421 6.350520
Group Level Collateral Statement
Group GR 3 -Sub GR1 GR 3 -Sub GR2 Total
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.524512 6.675472 6.744346
Weighted Average Net Rate 6.024512 6.175472 6.244345
Weighted Average Maturity 357 357 357
Beginning Loan Count 48 522 2,610
Loans Paid In Full 0 7 43
Ending Loan Count 48 515 2,567
Beginning Scheduled Balance 16,775,126.14 231,623,471.48 692,988,683.59
Ending scheduled Balance 16,775,126.14 228,130,322.99 681,282,683.44
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 91,207.93 1,288,496.72 3,894,796.31
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 0.00 3,493,148.49 11,706,000.15
Scheduled Interest 91,207.93 1,288,496.72 3,894,796.31
Servicing Fees 6,989.64 96,509.78 288,745.29
Master Servicing Fees 0.00 0.00 0.00
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 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 84,218.29 1,191,986.94 3,606,051.02
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.024512 6.175472 6.244345
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>
GR 1- Sub GR1 1 171,000.00 171,000.00 0 0.00 0.00
GR 1-Sub GR2 19 4,086,492.00 4,086,490.46 0 0.00 0.00
GR 2 16 3,863,358.00 3,863,288.70 0 0.00 0.00
GR 3 -Sub GR1 0 0.00 0.00 0 0.00 0.00
GR 3 -Sub GR2 7 3,492,914.00 3,492,914.00 0 0.00 0.00
Total 43 11,613,764.00 11,613,693.16 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>
GR 1- Sub GR1 0 0.00 0.00 0 0.00 0.00 241.00
GR 1-Sub GR2 0 0.00 0.00 0 0.00 0.00 90,666.06
GR 2 0 0.00 0.00 0 0.00 0.00 1,165.44
GR 3 -Sub GR1 0 0.00 0.00 0 0.00 0.00 0.00
GR 3 -Sub GR2 0 0.00 0.00 0 0.00 0.00 234.49
Total 0 0.00 0.00 0 0.00 0.00 92,306.99
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>
GR 1- Sub GR1 0110867506 AZ 90.00 01-Aug-2005 171,000.00 171,000.00
GR 1-Sub GR2 0110866868 IL 90.00 01-Aug-2005 180,000.00 180,000.00
GR 1-Sub GR2 0110867285 TX 79.62 01-Aug-2005 146,500.00 146,500.00
GR 1-Sub GR2 0110867439 NY 90.00 01-Jun-2005 217,845.00 217,844.12
GR 1-Sub GR2 0110867584 NJ 95.00 01-Aug-2005 348,650.00 348,650.00
GR 1-Sub GR2 0110867689 CA 90.00 01-Aug-2005 215,100.00 215,100.00
GR 1-Sub GR2 0110868076 ID 80.00 01-Aug-2005 111,656.00 111,656.00
GR 1-Sub GR2 0110868097 MN 69.79 01-Aug-2005 164,000.00 164,000.00
GR 1-Sub GR2 0110868380 FL 80.00 01-Aug-2005 276,800.00 276,800.00
GR 1-Sub GR2 0110868523 CA 70.00 01-Aug-2005 211,400.00 211,400.00
GR 1-Sub GR2 0110868584 CA 90.00 01-May-2005 238,500.00 238,499.99
GR 1-Sub GR2 0110868618 CA 94.14 01-Aug-2005 273,000.00 273,000.00
GR 1-Sub GR2 0110869089 AZ 67.57 01-Aug-2005 150,000.00 150,000.00
GR 1-Sub GR2 0110869216 IL 85.00 01-Aug-2005 113,900.00 113,900.00
GR 1-Sub GR2 0110869219 FL 84.87 01-Aug-2005 165,500.00 165,500.00
GR 1-Sub GR2 0110869283 MO 90.00 01-Aug-2005 311,400.00 311,400.00
GR 1-Sub GR2 0110869303 FL 90.00 01-Aug-2005 182,241.00 182,241.00
GR 1-Sub GR2 0110869447 CA 91.78 01-Aug-2005 335,000.00 334,999.39
GR 1-Sub GR2 0110869547 CA 70.00 01-Aug-2005 245,000.00 244,999.96
GR 1-Sub GR2 0110869568 IL 80.00 01-Aug-2005 200,000.00 200,000.00
GR 2 0110866806 IL 90.00 01-Jun-2005 225,000.00 225,000.00
GR 2 0110866879 AZ 80.00 01-Aug-2005 269,032.00 269,032.00
GR 2 0110867130 CA 80.00 01-Aug-2005 263,200.00 263,200.00
GR 2 0110867301 IL 95.00 01-Aug-2005 272,935.00 272,935.00
GR 2 0110867371 CA 80.00 01-Aug-2005 146,040.00 146,040.00
GR 2 0110867772 CA 80.00 01-Aug-2005 356,000.00 356,000.00
GR 2 0110867999 CA 80.00 01-Aug-2005 214,400.00 214,400.00
GR 2 0110868330 WI 80.00 01-Aug-2005 319,440.00 319,440.00
GR 2 0110868433 FL 80.00 01-Aug-2005 213,241.00 213,241.00
GR 2 0110868549 CA 80.00 01-Aug-2005 240,000.00 240,000.00
GR 2 0110868604 FL 95.00 01-Aug-2005 223,250.00 223,180.70
GR 2 0110868822 CA 80.00 01-Aug-2005 280,000.00 280,000.00
GR 2 0110869015 UT 80.00 01-Aug-2005 215,920.00 215,920.00
GR 2 0110869056 NM 80.00 01-Aug-2005 244,000.00 244,000.00
GR 2 0110869287 CA 80.00 01-Jul-2005 200,000.00 200,000.00
GR 2 0110869341 IL 90.00 01-Aug-2005 180,900.00 180,900.00
GR 3 -Sub GR2 0110868092 MD 89.54 01-Aug-2005 607,500.00 607,500.00
GR 3 -Sub GR2 0110868127 CA 80.00 01-Aug-2005 584,000.00 584,000.00
GR 3 -Sub GR2 0110868278 CA 80.00 01-Aug-2005 447,200.00 447,200.00
GR 3 -Sub GR2 0110868752 IL 94.95 01-Aug-2005 470,000.00 470,000.00
GR 3 -Sub GR2 0110868913 CA 95.00 01-Aug-2005 617,500.00 617,500.00
GR 3 -Sub GR2 0110869407 IL 95.00 01-Aug-2005 367,714.00 367,714.00
GR 3 -Sub GR2 0110869474 CA 84.89 01-Aug-2005 399,000.00 399,000.00
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>
GR 1- Sub GR1 0110867506 Loan Paid in Full 0 6.750% 360 3
GR 1-Sub GR2 0110866868 Loan Paid in Full 0 8.250% 360 3
GR 1-Sub GR2 0110867285 Loan Paid in Full 0 7.537% 360 3
GR 1-Sub GR2 0110867439 Loan Paid in Full 0 8.600% 360 5
GR 1-Sub GR2 0110867584 Loan Paid in Full 0 8.350% 360 3
GR 1-Sub GR2 0110867689 Loan Paid in Full 0 7.525% 360 3
GR 1-Sub GR2 0110868076 Loan Paid in Full 0 7.325% 360 3
GR 1-Sub GR2 0110868097 Loan Paid in Full 0 6.400% 360 3
GR 1-Sub GR2 0110868380 Loan Paid in Full 0 6.850% 360 3
GR 1-Sub GR2 0110868523 Loan Paid in Full 0 5.750% 360 3
GR 1-Sub GR2 0110868584 Loan Paid in Full 0 6.700% 360 6
GR 1-Sub GR2 0110868618 Loan Paid in Full 0 8.000% 360 3
GR 1-Sub GR2 0110869089 Loan Paid in Full 0 5.900% 360 3
GR 1-Sub GR2 0110869216 Loan Paid in Full 0 7.100% 360 3
GR 1-Sub GR2 0110869219 Loan Paid in Full 0 7.000% 360 3
GR 1-Sub GR2 0110869283 Loan Paid in Full 0 8.850% 360 3
GR 1-Sub GR2 0110869303 Loan Paid in Full 0 8.000% 360 3
GR 1-Sub GR2 0110869447 Loan Paid in Full 0 6.750% 360 3
GR 1-Sub GR2 0110869547 Loan Paid in Full 0 5.750% 360 3
GR 1-Sub GR2 0110869568 Loan Paid in Full 0 6.400% 360 3
GR 2 0110866806 Loan Paid in Full 0 7.350% 360 5
GR 2 0110866879 Loan Paid in Full 0 6.990% 360 3
GR 2 0110867130 Loan Paid in Full 0 7.500% 360 3
GR 2 0110867301 Loan Paid in Full 0 8.250% 360 3
GR 2 0110867371 Loan Paid in Full 0 7.300% 360 3
GR 2 0110867772 Loan Paid in Full 0 7.300% 360 3
GR 2 0110867999 Loan Paid in Full 0 7.250% 360 3
GR 2 0110868330 Loan Paid in Full 0 7.450% 360 3
GR 2 0110868433 Loan Paid in Full 0 7.650% 360 3
GR 2 0110868549 Loan Paid in Full 0 7.500% 360 3
GR 2 0110868604 Loan Paid in Full 0 7.450% 360 3
GR 2 0110868822 Loan Paid in Full 0 7.300% 360 3
GR 2 0110869015 Loan Paid in Full 0 7.150% 360 3
GR 2 0110869056 Loan Paid in Full 0 7.000% 360 3
GR 2 0110869287 Loan Paid in Full 0 7.150% 360 4
GR 2 0110869341 Loan Paid in Full 0 6.100% 360 3
GR 3 -Sub GR2 0110868092 Loan Paid in Full 0 6.700% 360 3
GR 3 -Sub GR2 0110868127 Loan Paid in Full 0 8.300% 360 3
GR 3 -Sub GR2 0110868278 Loan Paid in Full 0 6.990% 360 3
GR 3 -Sub GR2 0110868752 Loan Paid in Full 0 7.725% 360 3
GR 3 -Sub GR2 0110868913 Loan Paid in Full 0 8.750% 360 3
GR 3 -Sub GR2 0110869407 Loan Paid in Full 0 9.500% 360 3
GR 3 -Sub GR2 0110869474 Loan Paid in Full 0 7.050% 360 3
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.689% Current Month 18.489% Current Month 2,932.597%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 18.489% N/A Nov-2005 2,932.597% 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.
GR 1- Sub GR1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.842% Current Month 9.649% Current Month 1,532.850%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 9.649% N/A Nov-2005 1,532.850% 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.
GR 1-Sub GR2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.891% Current Month 20.472% Current Month 3,268.102%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 20.472% N/A Nov-2005 3,268.102% 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.
GR 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.901% Current Month 20.569% Current Month 3,269.202%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 20.569% N/A Nov-2005 3,269.202% 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.
GR 3 -Sub GR1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.000% Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
GR 3 -Sub GR2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.508% Current Month 16.669% Current Month 2,618.434%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 16.669% N/A Nov-2005 2,618.434% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<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>
GR 1- Sub GR1 0 0.00 0.00 0.000%
GR 1-Sub GR2 0 0.00 0.00 0.000%
GR 2 0 0.00 0.00 0.000%
GR 3 -Sub GR1 0 0.00 0.00 0.000%
GR 3 -Sub GR2 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
GR 1- Sub GR1
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
GR 1-Sub GR2
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
GR 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
GR 3 -Sub GR1
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
GR 3 -Sub GR2
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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>