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-H Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-31
Pooling and Servicing Agreement) (Commission 54-2182228
(State or other File Number) 54-2182229
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On November 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-H
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-H 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-H 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-H 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 BOAMS 2005-H
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 05949CFT8 SEN 4.96575% 57,821,669.03 239,273.48
1A2 05949CFU5 SEN 4.96575% 3,327,390.61 13,769.17
1AR 05949CFV3 SEN 4.96257% 0.00 0.00
2A1 05949CFW1 SEN 4.82741% 191,826,516.06 771,688.09
2A2 05949CFX9 SEN 4.82741% 22,457,474.54 90,342.91
2A3 05949CFY7 SEN 4.82741% 124,754,095.10 501,866.22
2A4 05949CFZ4 SEN 4.82741% 31,193,000.00 125,484.56
2A5 05949CGA8 SEN 4.82741% 42,554,000.00 171,188.09
3A1 05949CGB6 SEN 5.08378% 112,514,758.23 476,666.79
3A2 05949CGC4 SEN 5.08378% 6,474,112.93 27,427.47
4A1 05949CGD2 SEN 5.17993% 24,744,169.79 106,810.94
4A2 05949CGE0 SEN 5.17993% 49,888,205.36 215,347.95
4A3 05949CGF7 SEN 5.17993% 2,871,313.46 12,394.34
B1 05949CGG5 SUB 4.92589% 13,771,306.41 56,529.95
B2 05949CGH3 SUB 4.92589% 4,590,435.47 18,843.32
B3 05949CGJ9 SUB 4.92589% 2,472,080.40 10,147.66
B4 05949CGK6 SUB 4.92589% 1,411,903.64 5,795.73
B5 05949CGL4 SUB 4.92589% 1,060,176.76 4,351.93
B6 05949CGM2 SUB 4.92589% 1,412,640.07 5,798.76
Totals 695,145,247.86 2,853,727.36
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 3,579,954.51 0.00 54,241,714.53 3,819,227.99 0.00
1A2 206,011.12 0.00 3,121,379.49 219,780.29 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 2,428,145.60 0.00 189,398,370.47 3,199,833.69 0.00
2A2 284,267.36 0.00 22,173,207.18 374,610.27 0.00
2A3 2,512,632.61 0.00 122,241,462.48 3,014,498.83 0.00
2A4 0.00 0.00 31,193,000.00 125,484.56 0.00
2A5 0.00 0.00 42,554,000.00 171,188.09 0.00
3A1 1,281,419.78 0.00 111,233,338.45 1,758,086.57 0.00
3A2 73,733.05 0.00 6,400,379.88 101,160.52 0.00
4A1 253,683.21 0.00 24,490,486.57 360,494.15 0.00
4A2 511,465.95 0.00 49,376,739.41 726,813.90 0.00
4A3 29,437.40 0.00 2,841,876.06 41,831.74 0.00
B1 5,410.76 0.00 13,765,895.66 61,940.71 0.00
B2 1,803.59 0.00 4,588,631.89 20,646.91 0.00
B3 971.28 0.00 2,471,109.12 11,118.94 0.00
B4 554.74 0.00 1,411,348.90 6,350.47 0.00
B5 416.54 0.00 1,059,760.22 4,768.47 0.00
B6 555.03 0.00 1,412,085.04 6,353.79 0.00
Totals 11,170,462.53 0.00 683,974,785.35 14,024,189.89 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 61,273,000.00 57,821,669.03 18,477.18 3,561,477.33 0.00 0.00
1A2 3,526,000.00 3,327,390.61 1,063.28 204,947.84 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 195,000,000.00 191,826,516.06 76,914.15 2,351,231.45 0.00 0.00
2A2 22,829,000.00 22,457,474.54 9,004.48 275,262.89 0.00 0.00
2A3 128,038,000.00 124,754,095.10 79,590.36 2,433,042.25 0.00 0.00
2A4 31,193,000.00 31,193,000.00 0.00 0.00 0.00 0.00
2A5 42,554,000.00 42,554,000.00 0.00 0.00 0.00 0.00
3A1 112,843,000.00 112,514,758.23 56,682.56 1,224,737.22 0.00 0.00
3A2 6,493,000.00 6,474,112.93 3,261.52 70,471.53 0.00 0.00
4A1 25,000,000.00 24,744,169.79 5,975.83 247,707.39 0.00 0.00
4A2 50,404,000.00 49,888,205.36 12,048.22 499,417.73 0.00 0.00
4A3 2,901,000.00 2,871,313.46 693.43 28,743.97 0.00 0.00
B1 13,782,000.00 13,771,306.41 5,410.76 0.00 0.00 0.00
B2 4,594,000.00 4,590,435.47 1,803.59 0.00 0.00 0.00
B3 2,474,000.00 2,472,080.40 971.28 0.00 0.00 0.00
B4 1,413,000.00 1,411,903.64 554.74 0.00 0.00 0.00
B5 1,061,000.00 1,060,176.76 416.54 0.00 0.00 0.00
B6 1,413,737.00 1,412,640.07 555.03 0.00 0.00 0.00
Totals 706,791,837.00 695,145,247.86 273,422.95 10,897,039.60 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 3,579,954.51 54,241,714.53 0.88524659 3,579,954.51
1A2 206,011.12 3,121,379.49 0.88524659 206,011.12
1AR 0.00 0.00 0.00000000 0.00
2A1 2,428,145.60 189,398,370.47 0.97127369 2,428,145.60
2A2 284,267.36 22,173,207.18 0.97127369 284,267.36
2A3 2,512,632.61 122,241,462.48 0.95472799 2,512,632.61
2A4 0.00 31,193,000.00 1.00000000 0.00
2A5 0.00 42,554,000.00 1.00000000 0.00
3A1 1,281,419.78 111,233,338.45 0.98573539 1,281,419.78
3A2 73,733.05 6,400,379.88 0.98573539 73,733.05
4A1 253,683.21 24,490,486.57 0.97961946 253,683.21
4A2 511,465.95 49,376,739.41 0.97961946 511,465.95
4A3 29,437.40 2,841,876.06 0.97961946 29,437.40
B1 5,410.76 13,765,895.66 0.99883149 5,410.76
B2 1,803.59 4,588,631.89 0.99883150 1,803.59
B3 971.28 2,471,109.12 0.99883150 971.28
B4 554.74 1,411,348.90 0.99883149 554.74
B5 416.54 1,059,760.22 0.99883150 416.54
B6 555.03 1,412,085.04 0.99883149 555.03
Totals 11,170,462.53 683,974,785.35 0.96771744 11,170,462.53
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 61,273,000.00 943.67289067 0.30155501 58.12474222 0.00000000
1A2 3,526,000.00 943.67288996 0.30155417 58.12474192 0.00000000
1AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 195,000,000.00 983.72572338 0.39443154 12.05759718 0.00000000
2A2 22,829,000.00 983.72572342 0.39443164 12.05759735 0.00000000
2A3 128,038,000.00 974.35210719 0.62161515 19.00250121 0.00000000
2A4 31,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 42,554,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
3A1 112,843,000.00 997.09116410 0.50231348 10.85346207 0.00000000
3A2 6,493,000.00 997.09116433 0.50231326 10.85346219 0.00000000
4A1 25,000,000.00 989.76679160 0.23903320 9.90829560 0.00000000
4A2 50,404,000.00 989.76679152 0.23903301 9.90829557 0.00000000
4A3 2,901,000.00 989.76679076 0.23903137 9.90829714 0.00000000
B1 13,782,000.00 999.22409012 0.39259614 0.00000000 0.00000000
B2 4,594,000.00 999.22409012 0.39259687 0.00000000 0.00000000
B3 2,474,000.00 999.22409054 0.39259499 0.00000000 0.00000000
B4 1,413,000.00 999.22409059 0.39259731 0.00000000 0.00000000
B5 1,061,000.00 999.22409048 0.39259189 0.00000000 0.00000000
B6 1,413,737.00 999.22409189 0.39259777 0.00000000 0.00000000
<FN>
</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 58.42629723 885.24659361 0.88524659 58.42629723
1A2 0.00000000 58.42629609 885.24659387 0.88524659 58.42629609
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 12.45202872 971.27369472 0.97127369 12.45202872
2A2 0.00000000 12.45202856 971.27369486 0.97127369 12.45202856
2A3 0.00000000 19.62411636 954.72799075 0.95472799 19.62411636
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
3A1 0.00000000 11.35577555 985.73538855 0.98573539 11.35577555
3A2 0.00000000 11.35577545 985.73538888 0.98573539 11.35577545
4A1 0.00000000 10.14732840 979.61946280 0.97961946 10.14732840
4A2 0.00000000 10.14732859 979.61946294 0.97961946 10.14732859
4A3 0.00000000 10.14732851 979.61946225 0.97961946 10.14732851
B1 0.00000000 0.39259614 998.83149470 0.99883149 0.39259614
B2 0.00000000 0.39259687 998.83149543 0.99883150 0.39259687
B3 0.00000000 0.39259499 998.83149555 0.99883150 0.39259499
B4 0.00000000 0.39259731 998.83149328 0.99883149 0.39259731
B5 0.00000000 0.39259189 998.83149859 0.99883150 0.39259189
B6 0.00000000 0.39259777 998.83149412 0.99883149 0.39259777
<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 61,273,000.00 4.96575% 57,821,669.03 239,273.48 0.00 0.00
1A2 3,526,000.00 4.96575% 3,327,390.61 13,769.17 0.00 0.00
1AR 100.00 4.96257% 0.00 0.00 0.00 0.00
2A1 195,000,000.00 4.82741% 191,826,516.06 771,688.09 0.00 0.00
2A2 22,829,000.00 4.82741% 22,457,474.54 90,342.91 0.00 0.00
2A3 128,038,000.00 4.82741% 124,754,095.10 501,866.22 0.00 0.00
2A4 31,193,000.00 4.82741% 31,193,000.00 125,484.56 0.00 0.00
2A5 42,554,000.00 4.82741% 42,554,000.00 171,188.09 0.00 0.00
3A1 112,843,000.00 5.08378% 112,514,758.23 476,666.79 0.00 0.00
3A2 6,493,000.00 5.08378% 6,474,112.93 27,427.47 0.00 0.00
4A1 25,000,000.00 5.17993% 24,744,169.79 106,810.94 0.00 0.00
4A2 50,404,000.00 5.17993% 49,888,205.36 215,347.95 0.00 0.00
4A3 2,901,000.00 5.17993% 2,871,313.46 12,394.34 0.00 0.00
B1 13,782,000.00 4.92589% 13,771,306.41 56,529.95 0.00 0.00
B2 4,594,000.00 4.92589% 4,590,435.47 18,843.32 0.00 0.00
B3 2,474,000.00 4.92589% 2,472,080.40 10,147.66 0.00 0.00
B4 1,413,000.00 4.92589% 1,411,903.64 5,795.73 0.00 0.00
B5 1,061,000.00 4.92589% 1,060,176.76 4,351.93 0.00 0.00
B6 1,413,737.00 4.92589% 1,412,640.07 5,798.76 0.00 0.00
Totals 706,791,837.00 2,853,727.36 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 0.00 239,273.48 0.00 54,241,714.53
1A2 0.00 0.00 13,769.17 0.00 3,121,379.49
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 771,688.09 0.00 189,398,370.47
2A2 0.00 0.00 90,342.91 0.00 22,173,207.18
2A3 0.00 0.00 501,866.22 0.00 122,241,462.48
2A4 0.00 0.00 125,484.56 0.00 31,193,000.00
2A5 0.00 0.00 171,188.09 0.00 42,554,000.00
3A1 0.00 0.00 476,666.79 0.00 111,233,338.45
3A2 0.00 0.00 27,427.47 0.00 6,400,379.88
4A1 0.00 0.00 106,810.94 0.00 24,490,486.57
4A2 0.00 0.00 215,347.95 0.00 49,376,739.41
4A3 0.00 0.00 12,394.34 0.00 2,841,876.06
B1 0.00 0.00 56,529.95 0.00 13,765,895.66
B2 0.00 0.00 18,843.32 0.00 4,588,631.89
B3 0.00 0.00 10,147.66 0.00 2,471,109.12
B4 0.00 0.00 5,795.73 0.00 1,411,348.90
B5 0.00 0.00 4,351.93 0.00 1,059,760.22
B6 0.00 0.00 5,798.76 0.00 1,412,085.04
Totals 0.00 0.00 2,853,727.36 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 61,273,000.00 4.96575% 943.67289067 3.90503941 0.00000000 0.00000000
1A2 3,526,000.00 4.96575% 943.67288996 3.90503971 0.00000000 0.00000000
1AR 100.00 4.96257% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 195,000,000.00 4.82741% 983.72572338 3.95737482 0.00000000 0.00000000
2A2 22,829,000.00 4.82741% 983.72572342 3.95737483 0.00000000 0.00000000
2A3 128,038,000.00 4.82741% 974.35210719 3.91966619 0.00000000 0.00000000
2A4 31,193,000.00 4.82741% 1000.00000000 4.02284359 0.00000000 0.00000000
2A5 42,554,000.00 4.82741% 1000.00000000 4.02284368 0.00000000 0.00000000
3A1 112,843,000.00 5.08378% 997.09116410 4.22415914 0.00000000 0.00000000
3A2 6,493,000.00 5.08378% 997.09116433 4.22415986 0.00000000 0.00000000
4A1 25,000,000.00 5.17993% 989.76679160 4.27243760 0.00000000 0.00000000
4A2 50,404,000.00 5.17993% 989.76679152 4.27243770 0.00000000 0.00000000
4A3 2,901,000.00 5.17993% 989.76679076 4.27243709 0.00000000 0.00000000
B1 13,782,000.00 4.92589% 999.22409012 4.10172326 0.00000000 0.00000000
B2 4,594,000.00 4.92589% 999.22409012 4.10172399 0.00000000 0.00000000
B3 2,474,000.00 4.92589% 999.22409054 4.10172191 0.00000000 0.00000000
B4 1,413,000.00 4.92589% 999.22409059 4.10171975 0.00000000 0.00000000
B5 1,061,000.00 4.92589% 999.22409048 4.10172479 0.00000000 0.00000000
B6 1,413,737.00 4.92589% 999.22409189 4.10172472 0.00000000 0.00000000
<FN>
(5) Per $1 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 3.90503941 0.00000000 885.24659361
1A2 0.00000000 0.00000000 3.90503971 0.00000000 885.24659387
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.95737482 0.00000000 971.27369472
2A2 0.00000000 0.00000000 3.95737483 0.00000000 971.27369486
2A3 0.00000000 0.00000000 3.91966619 0.00000000 954.72799075
2A4 0.00000000 0.00000000 4.02284359 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 4.02284368 0.00000000 1000.00000000
3A1 0.00000000 0.00000000 4.22415914 0.00000000 985.73538855
3A2 0.00000000 0.00000000 4.22415986 0.00000000 985.73538888
4A1 0.00000000 0.00000000 4.27243760 0.00000000 979.61946280
4A2 0.00000000 0.00000000 4.27243770 0.00000000 979.61946294
4A3 0.00000000 0.00000000 4.27243709 0.00000000 979.61946225
B1 0.00000000 0.00000000 4.10172326 0.00000000 998.83149470
B2 0.00000000 0.00000000 4.10172399 0.00000000 998.83149543
B3 0.00000000 0.00000000 4.10172191 0.00000000 998.83149555
B4 0.00000000 0.00000000 4.10171975 0.00000000 998.83149328
B5 0.00000000 0.00000000 4.10172479 0.00000000 998.83149859
B6 0.00000000 0.00000000 4.10172472 0.00000000 998.83149412
<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 14,177,074.40
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 14,177,074.40
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 152,884.51
Payment of Interest and Principal 14,024,189.89
Total Withdrawals (Pool Distribution Amount) 14,177,074.40
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 151,436.29
Trustee Fee 1,448.22
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 152,884.51
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 1 0 0 1
452,500.00 0.00 0.00 452,500.00
30 Days 5 0 0 0 5
3,149,175.43 0.00 0.00 0.00 3,149,175.43
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 5 1 0 0 6
3,149,175.43 452,500.00 0.00 0.00 3,601,675.43
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 0.077700% 0.000000% 0.000000% 0.077700%
0.066137% 0.000000% 0.000000% 0.066137%
30 Days 0.388500% 0.000000% 0.000000% 0.000000% 0.388500%
0.460281% 0.000000% 0.000000% 0.000000% 0.460281%
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 0.388500% 0.077700% 0.000000% 0.000000% 0.466200%
0.460281% 0.066137% 0.000000% 0.000000% 0.526418%
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 1 0 0 1
452,500.00 0.00 0.00 452,500.00
30 Days 3 0 0 0 3
1,930,282.67 0.00 0.00 0.00 1,930,282.67
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 3 1 0 0 4
1,930,282.67 452,500.00 0.00 0.00 2,382,782.67
0-29 Days 0.125156% 0.000000% 0.000000% 0.125156%
0.107002% 0.000000% 0.000000% 0.107002%
30 Days 0.375469% 0.000000% 0.000000% 0.000000% 0.375469%
0.456451% 0.000000% 0.000000% 0.000000% 0.456451%
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 0.375469% 0.125156% 0.000000% 0.000000% 0.500626%
0.456451% 0.107002% 0.000000% 0.000000% 0.563453%
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 2 0 0 0 2
1,218,892.76 0.00 0.00 0.00 1,218,892.76
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 2 0 0 0 2
1,218,892.76 0.00 0.00 0.00 1,218,892.76
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.865801% 0.000000% 0.000000% 0.000000% 0.865801%
0.999014% 0.000000% 0.000000% 0.000000% 0.999014%
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 0.865801% 0.000000% 0.000000% 0.000000% 0.865801%
0.999014% 0.000000% 0.000000% 0.000000% 0.999014%
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 14,254.86
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 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.
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 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.
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>
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 ARM
Weighted Average Gross Coupon 5.190188%
Weighted Average Net Coupon 4.928770%
Weighted Average Pass-Through Rate 4.926270%
Weighted Average Maturity(Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 1,300
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 1,287
Beginning Scheduled Collateral Balance 695,145,248.71
Ending Scheduled Collateral Balance 683,974,786.18
Ending Actual Collateral Balance at 31-Oct-2005 684,185,087.73
Monthly P&I Constant 3,280,035.01
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 273,422.94
Unscheduled Principal 10,897,039.59
Miscellaneous Reporting
Senior Percentage 96.444119%
Subordinate Percentage 3.555881%
Group Level Collateral Statement
Group 1- Three Year Arm 2- Five Year Arm 3- Seven Year Arm
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.343255 5.079913 5.336279
Weighted Average Net Rate 4.968255 4.829913 5.086279
Weighted Average Maturity 357 356 357
Beginning Loan Count 118 807 232
Loans Paid In Full 4 8 1
Ending Loan Count 114 799 231
Beginning Scheduled Balance 63,497,855.12 427,991,822.92 123,313,430.51
Ending Scheduled Balance 59,711,138.92 422,760,680.10 121,956,099.06
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 303,028.70 1,983,407.08 610,485.13
Scheduled Principal 20,291.03 171,606.23 62,122.70
Unscheduled Principal 3,766,425.17 5,059,536.59 1,295,208.75
Scheduled Interest 282,737.67 1,811,800.85 548,362.43
Servicing Fees 19,843.08 89,164.96 25,690.30
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 132.29 891.65 256.90
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 262,762.30 1,721,744.24 522,415.23
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 4.965755 4.827413 5.083779
Group Level Collateral Statement
Group 4- Ten Year Arm Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.432434 5.190188
Weighted Average Net Rate 5.182434 4.928770
Weighted Average Maturity 357 357
Beginning Loan Count 143 1,300
Loans Paid In Full 0 13
Ending Loan Count 143 1,287
Beginning Scheduled Balance 80,342,140.16 695,145,248.71
Ending scheduled Balance 79,546,868.10 683,974,786.18
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 383,114.10 3,280,035.01
Scheduled Principal 19,402.98 273,422.94
Unscheduled Principal 775,869.08 10,897,039.59
Scheduled Interest 363,711.12 3,006,612.07
Servicing Fees 16,737.95 151,436.29
Master Servicing Fees 0.00 0.00
Trustee Fee 167.38 1,448.22
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 346,805.79 2,853,727.56
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 5.179934 4.926270
Miscellaneous Reporting
Group 1- Three Year Arm
CPR 52.002212%
Subordinate Percentage 3.699015%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.300985%
Group 2- Five Year Arm
CPR 13.303929%
Subordinate Percentage 3.553043%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.446957%
Group 3- Seven Year Arm
CPR 11.906501%
Subordinate Percentage 3.506965%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.493035%
Miscellaneous Reporting
Group 4- Ten Year Arm
CPR 10.994872%
Subordinate Percentage 3.532954%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.467046%
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 4 3,547,400.00 3,541,668.47 0 0.00 0.00
2- Five Year Arm 8 4,718,835.00 4,714,478.14 0 0.00 0.00
3- Seven Year Arm 1 1,000,000.00 1,000,000.00 0 0.00 0.00
4- Ten Year Arm 0 0.00 0.00 0 0.00 0.00
Total 13 9,266,235.00 9,256,146.61 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 0.00 226,499.94
2- Five Year Arm 0 0.00 0.00 0 0.00 0.00 346,608.92
3- Seven Year Arm 0 0.00 0.00 0 0.00 0.00 295,208.75
4- Ten Year Arm 0 0.00 0.00 0 0.00 0.00 775,869.08
Total 0 0.00 0.00 0 0.00 0.00 1,644,186.69
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 6350135874 FL 59.90 01-Aug-2005 1,500,000.00 1,493,072.46
1- Three Year Arm 6410960477 CO 52.16 01-Aug-2005 965,000.00 964,452.77
1- Three Year Arm 6462502516 CA 71.68 01-Sep-2005 600,000.00 600,000.00
1- Three Year Arm 6528791848 CA 80.00 01-Sep-2005 482,400.00 482,400.00
2- Five Year Arm 6269765878 FL 65.00 01-Aug-2005 377,000.00 374,718.04
2- Five Year Arm 6330167757 AZ 51.85 01-Aug-2005 414,835.00 413,006.23
2- Five Year Arm 6364318961 CA 80.00 01-Sep-2005 500,000.00 500,000.00
2- Five Year Arm 6440629852 MD 80.00 01-Sep-2005 612,000.00 611,847.24
2- Five Year Arm 6581373831 CA 72.45 01-Sep-2005 960,000.00 959,900.00
2- Five Year Arm 6677873595 AZ 76.43 01-Sep-2005 600,000.00 600,000.00
2- Five Year Arm 6850167153 FL 80.00 01-Sep-2005 468,000.00 466,456.16
2- Five Year Arm 6980390907 NC 74.38 01-Jul-2005 787,000.00 787,000.00
3- Seven Year Arm 6347743228 CA 64.91 01-Aug-2005 1,000,000.00 1,000,000.00
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 6350135874 Loan Paid in Full (1) 5.250% 360 3
1- Three Year Arm 6410960477 Loan Paid in Full 0 5.370% 360 3
1- Three Year Arm 6462502516 Loan Paid in Full 0 5.500% 360 2
1- Three Year Arm 6528791848 Loan Paid in Full (1) 5.500% 360 2
2- Five Year Arm 6269765878 Loan Paid in Full 0 3.750% 360 3
2- Five Year Arm 6330167757 Loan Paid in Full 0 5.500% 360 3
2- Five Year Arm 6364318961 Loan Paid in Full 0 5.370% 360 2
2- Five Year Arm 6440629852 Loan Paid in Full 0 4.870% 360 2
2- Five Year Arm 6581373831 Loan Paid in Full 0 5.250% 360 2
2- Five Year Arm 6677873595 Loan Paid in Full 0 5.500% 360 2
2- Five Year Arm 6850167153 Loan Paid in Full (1) 5.500% 360 2
2- Five Year Arm 6980390907 Loan Paid in Full 0 5.000% 360 4
3- Seven Year Arm 6347743228 Loan Paid in Full 0 5.500% 360 3
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.568% Current Month 17.277% Current Month 3,522.172%
3 Month Average 1.049% 3 Month Average 11.803% 3 Month Average 5,578.648%
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 9.287% N/A Sep-2005 10,173.464% N/A
Oct-2005 8.844% N/A Oct-2005 3,040.307% N/A
Nov-2005 17.277% N/A Nov-2005 3,522.172% 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 5.933% Current Month 52.002% Current Month 10,860.782%
3 Month Average 3.788% 3 Month Average 35.376% 3 Month Average 13,952.526%
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 14.059% N/A Sep-2005 16,783.019% N/A
Oct-2005 40.067% N/A Oct-2005 14,213.778% N/A
Nov-2005 52.002% N/A Nov-2005 10,860.782% 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 1.183% Current Month 13.304% Current Month 2,663.876%
3 Month Average 0.894% 3 Month Average 10.182% 3 Month Average 5,165.712%
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 10.584% N/A Sep-2005 10,608.962% N/A
Oct-2005 6.660% N/A Oct-2005 2,224.297% N/A
Nov-2005 13.304% N/A Nov-2005 2,663.876% 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 1.051% Current Month 11.907% Current Month 2,427.915%
3 Month Average 0.412% 3 Month Average 4.707% 3 Month Average 1,341.003%
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 1.108% N/A Sep-2005 1,215.461% N/A
Oct-2005 1.105% N/A Oct-2005 379.633% N/A
Nov-2005 11.907% N/A Nov-2005 2,427.915% 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 0.966% Current Month 10.995% Current Month 2,430.985%
3 Month Average 0.636% 3 Month Average 7.259% 3 Month Average 7,400.791%
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 10.219% N/A Sep-2005 19,548.186% N/A
Oct-2005 0.563% N/A Oct-2005 223.201% N/A
Nov-2005 10.995% N/A Nov-2005 2,430.985% 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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.
<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>