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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-8 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-33
Pooling and Servicing Agreement) (Commission 54-2182230
(State or other File Number) 54-2182231
jurisdiction 54-2182232
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On November 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-8
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 2005-8 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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-8 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 2005-8 Trust,
relating to the November 25, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 10/31/2005
Distribution Date: 11/25/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-8
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>
1-CB-1 05948KK32 SEN 4.33750% 67,218,713.14 242,967.64
1-CB-2 05948KK40 SEN 8.05750% 59,683,843.41 400,752.14
1-CB-3 05948KK57 SEN 4.28750% 69,557,535.59 248,523.28
1-CB-4 05948KK65 SEN 0.05000% 0.00 2,898.23
1-CB-5 05948KK73 SEN 0.00000% 0.00 0.00
1-CB-6 05948KK81 SEN 8.05750% 2,487,178.74 16,700.37
1-CB-R 05948KK99 SEN 5.50000% 0.00 0.00
2-CB-1 05948KL23 SEN 6.00000% 55,633,521.95 278,167.61
3-CB-1 05948KL31 SEN 6.00000% 32,552,606.28 162,763.03
4-A-1 05948KL56 SEN 5.00000% 35,172,835.86 146,553.48
5-A-1 05948KL64 SEN 5.50000% 50,654,316.22 232,165.62
15-IO 05948KL72 SEN 5.50000% 0.00 14,769.29
CB-IO 05948KL49 SEN 5.50000% 0.00 36,460.32
A-PO 05948KL80 SEN 0.00000% 1,810,810.33 0.00
B-1 05948KL98 SUB 5.57113% 5,667,805.56 26,313.39
B-2 05948KM22 SUB 5.57113% 2,539,846.74 11,791.51
B-3 05948KM30 SUB 5.57113% 1,953,728.26 9,070.39
B-4 05948KM48 SUB 5.57113% 1,368,606.58 6,353.90
B-5 05948KM55 SUB 5.57113% 976,864.13 4,535.20
B-6 05948KM63 SUB 5.57113% 977,062.49 4,536.12
Totals 388,255,275.28 1,845,321.52
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 301,931.73 0.00 66,916,781.41 544,899.37 0.00
1-CB-2 268,086.75 0.00 59,415,756.66 668,838.89 0.00
1-CB-3 312,437.21 0.00 69,245,098.38 560,960.49 0.00
1-CB-4 0.00 0.00 0.00 2,898.23 0.00
1-CB-5 0.00 0.00 0.00 0.00 0.00
1-CB-6 11,171.86 0.00 2,476,006.87 27,872.23 0.00
1-CB-R 0.00 0.00 0.00 0.00 0.00
2-CB-1 438,683.32 0.00 55,194,838.63 716,850.93 0.00
3-CB-1 446,654.79 0.00 32,105,951.49 609,417.82 0.00
4-A-1 149,865.17 0.00 35,022,970.70 296,418.65 0.00
5-A-1 711,765.71 0.00 49,942,550.50 943,931.33 0.00
15-IO 0.00 0.00 0.00 14,769.29 0.00
CB-IO 0.00 0.00 0.00 36,460.32 0.00
A-PO 12,004.27 0.00 1,798,806.06 12,004.27 0.00
B-1 9,180.78 0.00 5,658,624.78 35,494.17 0.00
B-2 4,114.07 0.00 2,535,732.67 15,905.58 0.00
B-3 3,164.67 0.00 1,950,563.59 12,235.06 0.00
B-4 2,216.89 0.00 1,366,389.70 8,570.79 0.00
B-5 1,582.34 0.00 975,281.79 6,117.54 0.00
B-6 1,582.57 0.00 975,479.93 6,118.69 0.00
Totals 2,674,442.13 0.00 385,580,833.16 4,519,763.65 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>
1-CB-1 67,646,300.00 67,218,713.14 70,179.08 231,752.65 0.00 0.00
1-CB-2 60,063,500.00 59,683,843.41 62,312.37 205,774.38 0.00 0.00
1-CB-3 70,000,000.00 69,557,535.59 72,620.91 239,816.30 0.00 0.00
1-CB-4 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-5 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-6 2,503,000.00 2,487,178.74 2,596.72 8,575.15 0.00 0.00
1-CB-R 100.00 0.00 0.00 0.00 0.00 0.00
2-CB-1 56,387,000.00 55,633,521.95 52,068.60 386,614.72 0.00 0.00
3-CB-1 32,777,000.00 32,552,606.28 31,156.58 415,498.21 0.00 0.00
4-A-1 35,461,000.00 35,172,835.86 130,372.32 19,492.85 0.00 0.00
5-A-1 51,842,000.00 50,654,316.22 182,692.94 529,072.77 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 1,818,715.00 1,810,810.33 2,550.71 9,453.55 0.00 0.00
B-1 5,686,000.00 5,667,805.56 9,180.78 0.00 0.00 0.00
B-2 2,548,000.00 2,539,846.74 4,114.07 0.00 0.00 0.00
B-3 1,960,000.00 1,953,728.26 3,164.67 0.00 0.00 0.00
B-4 1,373,000.00 1,368,606.58 2,216.89 0.00 0.00 0.00
B-5 980,000.00 976,864.13 1,582.34 0.00 0.00 0.00
B-6 980,199.00 977,062.49 1,582.57 0.00 0.00 0.00
Totals 392,025,814.00 388,255,275.28 628,391.55 2,046,050.58 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>
1-CB-1 301,931.73 66,916,781.41 0.98921569 301,931.73
1-CB-2 268,086.75 59,415,756.66 0.98921569 268,086.75
1-CB-3 312,437.21 69,245,098.38 0.98921569 312,437.21
1-CB-4 0.00 0.00 0.00000000 0.00
1-CB-5 0.00 0.00 0.00000000 0.00
1-CB-6 11,171.86 2,476,006.87 0.98921569 11,171.86
1-CB-R 0.00 0.00 0.00000000 0.00
2-CB-1 438,683.32 55,194,838.63 0.97885751 438,683.32
3-CB-1 446,654.79 32,105,951.49 0.97952685 446,654.79
4-A-1 149,865.17 35,022,970.70 0.98764758 149,865.17
5-A-1 711,765.71 49,942,550.50 0.96336080 711,765.71
15-IO 0.00 0.00 0.00000000 0.00
CB-IO 0.00 0.00 0.00000000 0.00
A-PO 12,004.27 1,798,806.06 0.98905329 12,004.27
B-1 9,180.78 5,658,624.78 0.99518550 9,180.78
B-2 4,114.07 2,535,732.67 0.99518551 4,114.07
B-3 3,164.67 1,950,563.59 0.99518551 3,164.67
B-4 2,216.89 1,366,389.70 0.99518551 2,216.89
B-5 1,582.34 975,281.79 0.99518550 1,582.34
B-6 1,582.57 975,479.93 0.99518560 1,582.57
Totals 2,674,442.13 385,580,833.16 0.98355980 2,674,442.13
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>
1-CB-1 67,646,300.00 993.67907986 1.03744152 3.42594717 0.00000000
1-CB-2 60,063,500.00 993.67907981 1.03744154 3.42594721 0.00000000
1-CB-3 70,000,000.00 993.67907986 1.03744157 3.42594714 0.00000000
1-CB-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-6 2,503,000.00 993.67908110 1.03744307 3.42594886 0.00000000
1-CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 56,387,000.00 986.63738007 0.92341497 6.85645131 0.00000000
3-CB-1 32,777,000.00 993.15392745 0.95056228 12.67651737 0.00000000
4-A-1 35,461,000.00 991.87377288 3.67649869 0.54969826 0.00000000
5-A-1 51,842,000.00 977.09031712 3.52403341 10.20548532 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 1,818,715.00 995.65370605 1.40247922 5.19792821 0.00000000
B-1 5,686,000.00 996.80013366 1.61462891 0.00000000 0.00000000
B-2 2,548,000.00 996.80013344 1.61462716 0.00000000 0.00000000
B-3 1,960,000.00 996.80013265 1.61462755 0.00000000 0.00000000
B-4 1,373,000.00 996.80013110 1.61463219 0.00000000 0.00000000
B-5 980,000.00 996.80013265 1.61463265 0.00000000 0.00000000
B-6 980,199.00 996.80012936 1.61453950 0.00000000 0.00000000
<FN>
(2) All Classes are per $1000 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>
1-CB-1 0.00000000 4.46338868 989.21569118 0.98921569 4.46338868
1-CB-2 0.00000000 4.46338875 989.21569106 0.98921569 4.46338875
1-CB-3 0.00000000 4.46338871 989.21569114 0.98921569 4.46338871
1-CB-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-6 0.00000000 4.46338793 989.21568917 0.98921569 4.46338793
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 7.77986628 978.85751379 0.97885751 7.77986628
3-CB-1 0.00000000 13.62707966 979.52684779 0.97952685 13.62707966
4-A-1 0.00000000 4.22619695 987.64757621 0.98764758 4.22619695
5-A-1 0.00000000 13.72951873 963.36079819 0.96336080 13.72951873
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 0.00000000 6.60041293 989.05329312 0.98905329 6.60041293
B-1 0.00000000 1.61462891 995.18550475 0.99518550 1.61462891
B-2 0.00000000 1.61462716 995.18550628 0.99518551 1.61462716
B-3 0.00000000 1.61462755 995.18550510 0.99518551 1.61462755
B-4 0.00000000 1.61463219 995.18550619 0.99518551 1.61463219
B-5 0.00000000 1.61463265 995.18550000 0.99518550 1.61463265
B-6 0.00000000 1.61453950 995.18560007 0.99518560 1.61453950
<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>
1-CB-1 67,646,300.00 4.33750% 67,218,713.14 242,967.64 0.00 0.00
1-CB-2 60,063,500.00 8.05750% 59,683,843.41 400,752.14 0.00 0.00
1-CB-3 70,000,000.00 4.28750% 69,557,535.59 248,523.28 0.00 0.00
1-CB-4 0.00 0.05000% 69,557,535.59 2,898.23 0.00 0.00
1-CB-5 0.00 0.00000% 67,218,713.14 0.00 0.00 0.00
1-CB-6 2,503,000.00 8.05750% 2,487,178.74 16,700.37 0.00 0.00
1-CB-R 100.00 5.50000% 0.00 0.00 0.00 0.00
2-CB-1 56,387,000.00 6.00000% 55,633,521.95 278,167.61 0.00 0.00
3-CB-1 32,777,000.00 6.00000% 32,552,606.28 162,763.03 0.00 0.00
4-A-1 35,461,000.00 5.00000% 35,172,835.86 146,553.48 0.00 0.00
5-A-1 51,842,000.00 5.50000% 50,654,316.22 232,165.62 0.00 0.00
15-IO 0.00 5.50000% 3,222,391.56 14,769.29 0.00 0.00
CB-IO 0.00 5.50000% 7,954,979.28 36,460.32 0.00 0.00
A-PO 1,818,715.00 0.00000% 1,810,810.33 0.00 0.00 0.00
B-1 5,686,000.00 5.57113% 5,667,805.56 26,313.39 0.00 0.00
B-2 2,548,000.00 5.57113% 2,539,846.74 11,791.51 0.00 0.00
B-3 1,960,000.00 5.57113% 1,953,728.26 9,070.39 0.00 0.00
B-4 1,373,000.00 5.57113% 1,368,606.58 6,353.90 0.00 0.00
B-5 980,000.00 5.57113% 976,864.13 4,535.20 0.00 0.00
B-6 980,199.00 5.57113% 977,062.49 4,536.12 0.00 0.00
Totals 392,025,814.00 1,845,321.52 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>
1-CB-1 0.00 0.00 242,967.64 0.00 66,916,781.41
1-CB-2 0.00 0.00 400,752.14 0.00 59,415,756.66
1-CB-3 0.00 0.00 248,523.28 0.00 69,245,098.38
1-CB-4 0.00 0.00 2,898.23 0.00 69,245,098.38
1-CB-5 0.00 0.00 0.00 0.00 66,916,781.41
1-CB-6 0.00 0.00 16,700.37 0.00 2,476,006.87
1-CB-R 0.00 0.00 0.00 0.00 0.00
2-CB-1 0.00 0.00 278,167.61 0.00 55,194,838.63
3-CB-1 0.00 0.00 162,763.03 0.00 32,105,951.49
4-A-1 0.00 0.00 146,553.48 0.00 35,022,970.70
5-A-1 0.00 0.00 232,165.62 0.00 49,942,550.50
15-IO 0.00 0.00 14,769.29 0.00 3,185,715.85
CB-IO 0.00 0.00 36,460.32 0.00 7,919,427.77
A-PO 0.00 0.00 0.00 0.00 1,798,806.06
B-1 0.00 0.00 26,313.39 0.00 5,658,624.78
B-2 0.00 0.00 11,791.51 0.00 2,535,732.67
B-3 0.00 0.00 9,070.39 0.00 1,950,563.59
B-4 0.00 0.00 6,353.90 0.00 1,366,389.70
B-5 0.00 0.00 4,535.20 0.00 975,281.79
B-6 0.00 0.00 4,536.12 0.00 975,479.93
Totals 0.00 0.00 1,845,321.52 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>
1-CB-1 67,646,300.00 4.33750% 993.67907986 3.59173584 0.00000000 0.00000000
1-CB-2 60,063,500.00 8.05750% 993.67907981 6.67214098 0.00000000 0.00000000
1-CB-3 70,000,000.00 4.28750% 993.67907986 3.55033257 0.00000000 0.00000000
1-CB-4 0.00 0.05000% 993.67907986 0.04140329 0.00000000 0.00000000
1-CB-5 0.00 0.00000% 993.67907986 0.00000000 0.00000000 0.00000000
1-CB-6 2,503,000.00 8.05750% 993.67908110 6.67214143 0.00000000 0.00000000
1-CB-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 56,387,000.00 6.00000% 986.63738007 4.93318690 0.00000000 0.00000000
3-CB-1 32,777,000.00 6.00000% 993.15392745 4.96576959 0.00000000 0.00000000
4-A-1 35,461,000.00 5.00000% 991.87377288 4.13280731 0.00000000 0.00000000
5-A-1 51,842,000.00 5.50000% 977.09031712 4.47833070 0.00000000 0.00000000
15-IO 0.00 5.50000% 984.88725909 4.51406518 0.00000000 0.00000000
CB-IO 0.00 5.50000% 989.03950897 4.53309754 0.00000000 0.00000000
A-PO 1,818,715.00 0.00000% 995.65370605 0.00000000 0.00000000 0.00000000
B-1 5,686,000.00 5.57113% 996.80013366 4.62775062 0.00000000 0.00000000
B-2 2,548,000.00 5.57113% 996.80013344 4.62775118 0.00000000 0.00000000
B-3 1,960,000.00 5.57113% 996.80013265 4.62775000 0.00000000 0.00000000
B-4 1,373,000.00 5.57113% 996.80013110 4.62774945 0.00000000 0.00000000
B-5 980,000.00 5.57113% 996.80013265 4.62775510 0.00000000 0.00000000
B-6 980,199.00 5.57113% 996.80012936 4.62775416 0.00000000 0.00000000
<FN>
(5) All Classes are per $1000 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>
1-CB-1 0.00000000 0.00000000 3.59173584 0.00000000 989.21569118
1-CB-2 0.00000000 0.00000000 6.67214098 0.00000000 989.21569106
1-CB-3 0.00000000 0.00000000 3.55033257 0.00000000 989.21569114
1-CB-4 0.00000000 0.00000000 0.04140329 0.00000000 989.21569114
1-CB-5 0.00000000 0.00000000 0.00000000 0.00000000 989.21569118
1-CB-6 0.00000000 0.00000000 6.67214143 0.00000000 989.21568917
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 4.93318690 0.00000000 978.85751379
3-CB-1 0.00000000 0.00000000 4.96576959 0.00000000 979.52684779
4-A-1 0.00000000 0.00000000 4.13280731 0.00000000 987.64757621
5-A-1 0.00000000 0.00000000 4.47833070 0.00000000 963.36079819
15-IO 0.00000000 0.00000000 4.51406518 0.00000000 973.67774627
CB-IO 0.00000000 0.00000000 4.53309754 0.00000000 984.61940343
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 989.05329312
B-1 0.00000000 0.00000000 4.62775062 0.00000000 995.18550475
B-2 0.00000000 0.00000000 4.62775118 0.00000000 995.18550628
B-3 0.00000000 0.00000000 4.62775000 0.00000000 995.18550510
B-4 0.00000000 0.00000000 4.62774945 0.00000000 995.18550619
B-5 0.00000000 0.00000000 4.62775510 0.00000000 995.18550000
B-6 0.00000000 0.00000000 4.62775416 0.00000000 995.18560007
<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 Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-CB-IO 5.50000% 5,278,251.32 5,259,887.08 0.00 0.00 98.85760778%
2-CB-IO 5.50000% 2,031,053.85 2,014,478.96 0.00 0.00 97.38467615%
3-CB-IO 5.50000% 645,674.11 645,061.73 0.00 0.00 98.65033714%
4-15-IO 5.50000% 0.00 1,217,717.63 0.00 0.00 98.77064728%
5-15-IO 5.50000% 0.00 1,967,998.21 0.00 0.00 96.51951726%
1-APO 0.00000% 0.00 0.00 1,581,542.05 1,571,167.58 98.97904212%
2-APO 0.00000% 0.00 0.00 16,461.52 16,293.15 98.27583087%
3-APO 0.00000% 0.00 0.00 19,317.46 18,848.66 97.36883976%
4-APO 0.00000% 0.00 0.00 178,052.31 177,287.75 98.75599512%
5-APO 0.00000% 0.00 0.00 15,436.99 15,208.92 95.75596550%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,602,753.21
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 4,602,753.21
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 82,989.56
Payment of Interest and Principal 4,519,763.65
Total Withdrawals (Pool Distribution Amount) 4,602,753.21
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 80,886.51
Wells Fargo Bank, N.A. 2,103.05
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 82,989.56
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
79,452.14 0.00 0.00 79,452.14
30 Days 14 0 0 0 14
2,136,989.53 0.00 0.00 0.00 2,136,989.53
60 Days 2 0 0 0 2
200,906.30 0.00 0.00 0.00 200,906.30
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 16 1 0 0 17
2,337,895.83 79,452.14 0.00 0.00 2,417,347.97
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 0.036955% 0.000000% 0.000000% 0.036955%
0.020579% 0.000000% 0.000000% 0.020579%
30 Days 0.517369% 0.000000% 0.000000% 0.000000% 0.517369%
0.553511% 0.000000% 0.000000% 0.000000% 0.553511%
60 Days 0.073910% 0.000000% 0.000000% 0.000000% 0.073910%
0.052038% 0.000000% 0.000000% 0.000000% 0.052038%
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 0.591279% 0.036955% 0.000000% 0.000000% 0.628234%
0.605548% 0.020579% 0.000000% 0.000000% 0.626128%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 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 8 0 0 0 8
1,083,956.15 0.00 0.00 0.00 1,083,956.15
60 Days 1 0 0 0 1
101,606.30 0.00 0.00 0.00 101,606.30
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 9 0 0 0 9
1,185,562.45 0.00 0.00 0.00 1,185,562.45
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.608365% 0.000000% 0.000000% 0.000000% 0.608365%
0.523699% 0.000000% 0.000000% 0.000000% 0.523699%
60 Days 0.076046% 0.000000% 0.000000% 0.000000% 0.076046%
0.049090% 0.000000% 0.000000% 0.000000% 0.049090%
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 0.684411% 0.000000% 0.000000% 0.000000% 0.684411%
0.572788% 0.000000% 0.000000% 0.000000% 0.572788%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
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 2 0 0 0 2
292,831.48 0.00 0.00 0.00 292,831.48
60 Days 1 0 0 0 1
99,300.00 0.00 0.00 0.00 99,300.00
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 0 0 0 3
392,131.48 0.00 0.00 0.00 392,131.48
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.435730% 0.000000% 0.000000% 0.000000% 0.435730%
0.511357% 0.000000% 0.000000% 0.000000% 0.511357%
60 Days 0.217865% 0.000000% 0.000000% 0.000000% 0.217865%
0.173402% 0.000000% 0.000000% 0.000000% 0.173402%
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 0.653595% 0.000000% 0.000000% 0.000000% 0.653595%
0.684759% 0.000000% 0.000000% 0.000000% 0.684759%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 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
79,452.14 0.00 0.00 79,452.14
30 Days 1 0 0 0 1
110,993.45 0.00 0.00 0.00 110,993.45
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 1 1 0 0 2
110,993.45 79,452.14 0.00 0.00 190,445.59
0-29 Days 0.440529% 0.000000% 0.000000% 0.440529%
0.238469% 0.000000% 0.000000% 0.238469%
30 Days 0.440529% 0.000000% 0.000000% 0.000000% 0.440529%
0.333137% 0.000000% 0.000000% 0.000000% 0.333137%
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 0.440529% 0.440529% 0.000000% 0.000000% 0.881057%
0.333137% 0.238469% 0.000000% 0.000000% 0.571606%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 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 1 0 0 0 1
124,887.11 0.00 0.00 0.00 124,887.11
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 1 0 0 0 1
124,887.11 0.00 0.00 0.00 124,887.11
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.450450% 0.000000% 0.000000% 0.000000% 0.450450%
0.341546% 0.000000% 0.000000% 0.000000% 0.341546%
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 0.450450% 0.000000% 0.000000% 0.000000% 0.450450%
0.341546% 0.000000% 0.000000% 0.000000% 0.341546%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
5 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
524,321.34 0.00 0.00 0.00 524,321.34
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
524,321.34 0.00 0.00 0.00 524,321.34
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.414079% 0.000000% 0.000000% 0.000000% 0.414079%
1.009287% 0.000000% 0.000000% 0.000000% 1.009287%
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 0.414079% 0.000000% 0.000000% 0.000000% 0.414079%
1.009287% 0.000000% 0.000000% 0.000000% 1.009287%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 15,153.32
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 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 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 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 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.
5 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 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 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 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 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.
5 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
Weighted Average Gross Coupon 5.959928%
Weighted Average Net Coupon 5.709928%
Weighted Average Pass-Through Rate 5.703428%
Weighted Average Maturity(Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 2,720
Number Of Loans Paid In Full 14
Ending Scheduled Collateral Loan Count 2,706
Beginning Scheduled Collateral Balance 388,255,275.38
Ending Scheduled Collateral Balance 385,580,833.17
Ending Actual Collateral Balance at 31-Oct-2005 386,079,072.16
Monthly P&I Constant 2,556,702.72
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 628,391.63
Unscheduled Principal 2,046,050.58
Miscellaneous Reporting
Senior % 96.510776%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 5.854379 6.448518 6.358307
Weighted Average Net Rate 5.604379 6.198518 6.108307
Weighted Average Maturity 356 356 355
Beginning Loan Count 1,318 463 229
Loans Paid In Full 3 4 2
Ending Loan Count 1,315 459 227
Beginning Scheduled Balance 207,725,035.98 57,662,120.21 33,742,628.77
Ending Scheduled Balance 206,813,520.81 57,221,385.32 33,294,384.68
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 1,230,411.38 363,830.49 211,084.07
Scheduled Principal 216,993.89 53,967.83 32,295.75
Unscheduled Principal 694,521.28 386,767.06 415,948.34
Scheduled Interest 1,013,417.49 309,862.66 178,788.32
Servicing Fees 43,276.05 12,012.94 7,029.71
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,125.18 312.34 182.77
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 969,016.26 297,537.38 171,575.84
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 5.597879 6.192018 6.101807
Group Level Collateral Statement
Group 4 5 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed
Weighted Average Coupon Rate 5.415888 5.964308 5.959928
Weighted Average Net Rate 5.165888 5.714308 5.709928
Weighted Average Maturity 176 175 357
Beginning Loan Count 222 488 2,720
Loans Paid In Full 0 5 14
Ending Loan Count 222 483 2,706
Beginning Scheduled Balance 36,615,569.86 52,509,920.56 388,255,275.38
Ending scheduled Balance 36,460,252.44 51,791,289.92 385,580,833.17
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 301,003.03 450,373.75 2,556,702.72
Scheduled Principal 135,748.19 189,385.97 628,391.63
Unscheduled Principal 19,569.23 529,244.67 2,046,050.58
Scheduled Interest 165,254.84 260,987.78 1,928,311.09
Servicing Fees 7,628.24 10,939.57 80,886.51
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 198.33 284.43 2,103.05
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 157,428.27 249,763.78 1,845,321.53
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 5.159388 5.707808 5.703428
Miscellaneous Reporting
Group 1
CPR 3.943237%
Subordinate % 3.490881%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.509119%
Group 2
CPR 7.765573%
Subordinate % 3.490526%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.509474%
Group 3
CPR 13.842041%
Subordinate % 3.471501%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.528499%
Miscellaneous Reporting
Group 4
CPR 0.641832%
Subordinate % 3.470821%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.529179%
Group 5
CPR 11.485451%
Subordinate % 3.505449%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.494551%
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 3 480,229.00 479,162.69 0 0.00 0.00
2 4 389,671.00 388,477.08 0 0.00 0.00
3 2 416,000.00 415,058.93 0 0.00 0.00
4 0 0.00 0.00 0 0.00 0.00
5 5 619,529.00 502,686.04 0 0.00 0.00
Total 14 1,905,429.00 1,785,384.74 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 0 0.00 0.00 0 0.00 0.00 215,869.88
2 0 0.00 0.00 0 0.00 0.00 (1,348.52)
3 0 0.00 0.00 0 0.00 0.00 1,289.03
4 0 0.00 0.00 0 0.00 0.00 19,569.23
5 0 0.00 0.00 0 0.00 0.00 29,266.11
Total 0 0.00 0.00 0 0.00 0.00 264,645.73
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 3302555127 FL 80.00 01-Aug-2005 51,200.00 50,994.55
1 6313818228 NC 79.99 01-Sep-2005 69,379.00 69,165.73
1 6626894502 CA 78.69 01-Sep-2005 359,650.00 358,491.12
2 3302396621 WA 78.62 01-Sep-2005 160,000.00 159,574.15
2 6087885171 KS 70.00 01-Sep-2005 47,600.00 47,163.45
2 6427782211 CA 49.98 01-Aug-2005 38,521.00 38,377.10
2 6625901985 SC 90.00 01-Aug-2005 143,550.00 143,000.88
3 3302664606 VA 80.00 01-Sep-2005 260,000.00 259,256.03
3 6017265304 IN 80.00 01-Aug-2005 156,000.00 155,403.28
5 3302219575 CA 80.00 01-Jul-2005 228,000.00 224,081.80
5 6088565749 WA 45.95 01-Aug-2005 59,740.00 58,329.63
5 6105517244 AZ 66.02 01-Aug-2005 76,589.00 75,234.71
5 6289457936 OK 70.00 01-Aug-2005 112,000.00 648.61
5 6545756600 AZ 80.00 01-Sep-2005 143,200.00 141,683.81
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 3302555127 Loan Paid in Full 0 6.000% 360 3
1 6313818228 Loan Paid in Full 0 5.875% 360 2
1 6626894502 Loan Paid in Full (1) 5.625% 360 2
2 3302396621 Loan Paid in Full 0 6.625% 360 2
2 6087885171 Loan Paid in Full (1) 6.625% 360 2
2 6427782211 Loan Paid in Full 0 6.375% 360 3
2 6625901985 Loan Paid in Full 0 6.250% 360 3
3 3302664606 Loan Paid in Full 0 6.250% 360 2
3 6017265304 Loan Paid in Full 0 6.250% 360 3
5 3302219575 Loan Paid in Full 0 6.125% 180 4
5 6088565749 Loan Paid in Full 0 6.125% 180 3
5 6105517244 Loan Paid in Full 0 6.000% 180 3
5 6289457936 Loan Paid in Full 0 5.875% 180 3
5 6545756600 Loan Paid in Full 0 5.750% 180 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.528% Current Month 6.153% Current Month 1,153.428%
3 Month Average 0.391% 3 Month Average 4.585% 3 Month Average 1,804.532%
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 4.408% N/A Sep-2005 3,302.487% N/A
Oct-2005 3.194% N/A Oct-2005 957.682% N/A
Nov-2005 6.153% N/A Nov-2005 1,153.428% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.335% Current Month 3.943% Current Month 791.244%
3 Month Average 0.248% 3 Month Average 2.928% 3 Month Average 1,001.818%
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 0.868% N/A Sep-2005 882.501% N/A
Oct-2005 3.972% N/A Oct-2005 1,331.708% N/A
Nov-2005 3.943% N/A Nov-2005 791.244% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.671% Current Month 7.766% Current Month 1,528.515%
3 Month Average 0.596% 3 Month Average 6.876% 3 Month Average 3,898.638%
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 9.988% N/A Sep-2005 9,233.731% N/A
Oct-2005 2.875% N/A Oct-2005 933.668% N/A
Nov-2005 7.766% N/A Nov-2005 1,528.515% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.234% Current Month 13.842% Current Month 2,519.096%
3 Month Average 0.571% 3 Month Average 6.482% 3 Month Average 1,394.984%
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 0.149% N/A Sep-2005 100.647% N/A
Oct-2005 5.456% N/A Oct-2005 1,565.210% N/A
Nov-2005 13.842% N/A Nov-2005 2,519.096% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.054% Current Month 0.642% Current Month 111.658%
3 Month Average 0.045% 3 Month Average 0.534% 3 Month Average 177.666%
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 0.541% N/A Sep-2005 309.344% N/A
Oct-2005 0.420% N/A Oct-2005 111.996% N/A
Nov-2005 0.642% N/A Nov-2005 111.658% 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.
5
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.012% Current Month 11.485% Current Month 1,733.672%
3 Month Average 0.850% 3 Month Average 9.533% 3 Month Average 2,705.578%
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 16.263% N/A Sep-2005 6,198.742% N/A
Oct-2005 0.852% N/A Oct-2005 184.319% N/A
Nov-2005 11.485% N/A Nov-2005 1,733.672% 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 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
3 0 0.00 0.00 0.000%
4 0 0.00 0.00 0.000%
5 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
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
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
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
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.
5
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>