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 2005-10 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-38
Pooling and Servicing Agreement) (Commission 54-2186668
(State or other File Number) 54-2186669
jurisdiction 54-2186670
of Incorporation) 54-6681240
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 2005-10
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 2005-10 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 2005-10 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 2005-10 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 2005-10
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 05948KQ85 SEN 4.43750% 117,210,000.00 433,432.81
1-CB-2 05948KQ93 SEN 1.06250% 0.00 103,779.69
1-CB-3 05948KR27 SEN 5.50000% 43,300,000.00 198,458.33
1-CB-4 05948KR35 SEN 5.50000% 33,400,000.00 153,083.33
1-CB-5 05948KR43 SEN 5.50000% 9,153,000.00 41,951.25
1-CB-6 05948KR50 SEN 5.50000% 10,447,000.00 47,882.08
1-CB-7 05948KR68 SEN 5.50000% 1,710,000.00 7,837.50
1-CB-R 05948KR76 SEN 5.50000% 100.00 0.46
2-CB-1 05948KR84 SEN 6.00000% 92,219,000.00 461,095.00
3-CB-1 05948KR92 SEN 6.00000% 52,451,000.00 262,255.00
4-A-1 05948KS42 SEN 5.75000% 53,944,000.00 258,481.67
4-A-2 05948KS59 SEN 6.00000% 4,370,000.00 21,850.00
4-A-3 05948KS67 SEN 6.00000% 4,370,000.00 21,850.00
4-A-4 05948KS75 SEN 0.00000% 380,000.00 0.00
5-A-1 05948KT25 SEN 5.25000% 27,217,000.00 119,074.38
6-A-1 05948KT33 SEN 5.50000% 34,499,000.00 158,120.42
CB-IO 05948KS26 SEN 5.50000% 0.00 52,186.14
CB-PO 05948KS34 SEN 0.00000% 1,311,866.00 0.00
4-IO 05948KS83 SEN 5.50000% 0.00 8,430.93
4-PO 05948KS91 SEN 0.00000% 1,471,493.00 0.00
15-IO 05948KT41 SEN 5.50000% 0.00 3,946.80
15-PO 05948KT58 SEN 0.00000% 920,138.00 0.00
B-1 05948KT66 SUB 5.66684% 7,873,000.00 37,179.20
B-2 05948KT74 SUB 5.66684% 3,807,000.00 17,978.05
B-3 05948KT82 SUB 5.66684% 3,046,000.00 14,384.33
B-4 05948KT90 SUB 5.66684% 1,777,000.00 8,391.65
B-5 05948KU23 SUB 5.66684% 1,523,000.00 7,192.17
B-6 05948KU31 SUB 5.66684% 1,269,734.00 5,996.15
Totals 507,669,331.00 2,444,837.34
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-1 249,026.66 0.00 116,960,973.34 682,459.47 0.00
1-CB-2 0.00 0.00 0.00 103,779.69 0.00
1-CB-3 0.00 0.00 43,300,000.00 198,458.33 0.00
1-CB-4 263,828.60 0.00 33,136,171.40 416,911.93 0.00
1-CB-5 0.00 0.00 9,153,000.00 41,951.25 0.00
1-CB-6 22,195.90 0.00 10,424,804.10 70,077.98 0.00
1-CB-7 0.00 0.00 1,710,000.00 7,837.50 0.00
1-CB-R 100.00 0.00 0.00 100.46 0.00
2-CB-1 497,943.52 0.00 91,721,056.48 959,038.52 0.00
3-CB-1 508,772.31 0.00 51,942,227.69 771,027.31 0.00
4-A-1 75,472.56 0.00 53,868,527.44 333,954.23 0.00
4-A-2 0.00 0.00 4,370,000.00 21,850.00 0.00
4-A-3 0.00 0.00 4,370,000.00 21,850.00 0.00
4-A-4 0.00 0.00 380,000.00 0.00 0.00
5-A-1 133,061.24 0.00 27,083,938.76 252,135.62 0.00
6-A-1 143,316.11 0.00 34,355,683.89 301,436.53 0.00
CB-IO 0.00 0.00 0.00 52,186.14 0.00
CB-PO 1,655.05 0.00 1,310,210.95 1,655.05 0.00
4-IO 0.00 0.00 0.00 8,430.93 0.00
4-PO 1,862.18 0.00 1,469,630.82 1,862.18 0.00
15-IO 0.00 0.00 0.00 3,946.80 0.00
15-PO 3,553.16 0.00 916,584.84 3,553.16 0.00
B-1 10,414.93 0.00 7,862,585.07 47,594.13 0.00
B-2 5,036.15 0.00 3,801,963.85 23,014.20 0.00
B-3 4,029.45 0.00 3,041,970.55 18,413.78 0.00
B-4 2,350.73 0.00 1,774,649.27 10,742.38 0.00
B-5 2,014.73 0.00 1,520,985.27 9,206.90 0.00
B-6 1,678.12 0.00 1,268,055.88 7,674.27 0.00
Totals 1,926,311.40 0.00 505,743,019.60 4,371,148.74 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-1 117,210,000.00 117,210,000.00 103,037.30 145,989.36 0.00 0.00
1-CB-2 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-3 43,300,000.00 43,300,000.00 0.00 0.00 0.00 0.00
1-CB-4 33,400,000.00 33,400,000.00 109,161.75 154,666.85 0.00 0.00
1-CB-5 9,153,000.00 9,153,000.00 0.00 0.00 0.00 0.00
1-CB-6 10,447,000.00 10,447,000.00 9,183.78 13,012.12 0.00 0.00
1-CB-7 1,710,000.00 1,710,000.00 0.00 0.00 0.00 0.00
1-CB-R 100.00 100.00 41.38 58.62 0.00 0.00
2-CB-1 92,219,000.00 92,219,000.00 85,114.96 412,828.56 0.00 0.00
3-CB-1 52,451,000.00 52,451,000.00 48,878.35 459,893.97 0.00 0.00
4-A-1 53,944,000.00 53,944,000.00 63,387.81 12,084.74 0.00 0.00
4-A-2 4,370,000.00 4,370,000.00 0.00 0.00 0.00 0.00
4-A-3 4,370,000.00 4,370,000.00 0.00 0.00 0.00 0.00
4-A-4 380,000.00 380,000.00 0.00 0.00 0.00 0.00
5-A-1 27,217,000.00 27,217,000.00 99,783.37 33,277.87 0.00 0.00
6-A-1 34,499,000.00 34,499,000.00 121,201.88 22,114.23 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
CB-PO 1,311,866.00 1,311,866.00 1,467.97 187.07 0.00 0.00
4-IO 0.00 0.00 0.00 0.00 0.00 0.00
4-PO 1,471,493.00 1,471,493.00 1,600.77 261.41 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 920,138.00 920,138.00 3,428.98 124.18 0.00 0.00
B-1 7,873,000.00 7,873,000.00 10,414.93 0.00 0.00 0.00
B-2 3,807,000.00 3,807,000.00 5,036.15 0.00 0.00 0.00
B-3 3,046,000.00 3,046,000.00 4,029.45 0.00 0.00 0.00
B-4 1,777,000.00 1,777,000.00 2,350.73 0.00 0.00 0.00
B-5 1,523,000.00 1,523,000.00 2,014.73 0.00 0.00 0.00
B-6 1,269,734.00 1,269,734.00 1,678.12 0.00 0.00 0.00
Totals 507,669,331.00 507,669,331.00 671,812.41 1,254,498.98 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-1 249,026.66 116,960,973.34 0.99787538 249,026.66
1-CB-2 0.00 0.00 0.00000000 0.00
1-CB-3 0.00 43,300,000.00 1.00000000 0.00
1-CB-4 263,828.60 33,136,171.40 0.99210094 263,828.60
1-CB-5 0.00 9,153,000.00 1.00000000 0.00
1-CB-6 22,195.90 10,424,804.10 0.99787538 22,195.90
1-CB-7 0.00 1,710,000.00 1.00000000 0.00
1-CB-R 100.00 0.00 0.00000000 100.00
2-CB-1 497,943.52 91,721,056.48 0.99460042 497,943.52
3-CB-1 508,772.31 51,942,227.69 0.99030005 508,772.31
4-A-1 75,472.56 53,868,527.44 0.99860091 75,472.56
4-A-2 0.00 4,370,000.00 1.00000000 0.00
4-A-3 0.00 4,370,000.00 1.00000000 0.00
4-A-4 0.00 380,000.00 1.00000000 0.00
5-A-1 133,061.24 27,083,938.76 0.99511110 133,061.24
6-A-1 143,316.11 34,355,683.89 0.99584579 143,316.11
CB-IO 0.00 0.00 0.00000000 0.00
CB-PO 1,655.05 1,310,210.95 0.99873840 1,655.05
4-IO 0.00 0.00 0.00000000 0.00
4-PO 1,862.18 1,469,630.82 0.99873450 1,862.18
15-IO 0.00 0.00 0.00000000 0.00
15-PO 3,553.16 916,584.84 0.99613845 3,553.16
B-1 10,414.93 7,862,585.07 0.99867713 10,414.93
B-2 5,036.15 3,801,963.85 0.99867713 5,036.15
B-3 4,029.45 3,041,970.55 0.99867713 4,029.45
B-4 2,350.73 1,774,649.27 0.99867714 2,350.73
B-5 2,014.73 1,520,985.27 0.99867713 2,014.73
B-6 1,678.12 1,268,055.88 0.99867837 1,678.12
Totals 1,926,311.40 505,743,019.60 0.99620558 1,926,311.40
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-CB-1 117,210,000.00 1000.00000000 0.87908284 1.24553673 0.00000000
1-CB-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-3 43,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-4 33,400,000.00 1000.00000000 3.26831587 4.63074401 0.00000000
1-CB-5 9,153,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-6 10,447,000.00 1000.00000000 0.87908299 1.24553652 0.00000000
1-CB-7 1,710,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-R 100.00 1000.00000000 413.80000000 586.20000000 0.00000000
2-CB-1 92,219,000.00 1000.00000000 0.92296555 4.47661068 0.00000000
3-CB-1 52,451,000.00 1000.00000000 0.93188595 8.76806867 0.00000000
4-A-1 53,944,000.00 1000.00000000 1.17506692 0.22402380 0.00000000
4-A-2 4,370,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
4-A-3 4,370,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
4-A-4 380,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
5-A-1 27,217,000.00 1000.00000000 3.66621487 1.22268692 0.00000000
6-A-1 34,499,000.00 1000.00000000 3.51319980 0.64101075 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-PO 1,311,866.00 1000.00000000 1.11899386 0.14259841 0.00000000
4-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4-PO 1,471,493.00 1000.00000000 1.08785431 0.17764950 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 920,138.00 1000.00000000 3.72659318 0.13495802 0.00000000
B-1 7,873,000.00 1000.00000000 1.32286676 0.00000000 0.00000000
B-2 3,807,000.00 1000.00000000 1.32286577 0.00000000 0.00000000
B-3 3,046,000.00 1000.00000000 1.32286605 0.00000000 0.00000000
B-4 1,777,000.00 1000.00000000 1.32286438 0.00000000 0.00000000
B-5 1,523,000.00 1000.00000000 1.32286934 0.00000000 0.00000000
B-6 1,269,734.00 1000.00000000 1.32163114 0.00000000 0.00000000
<FN>
(2) All classes per $1,000 denomination
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00000000 2.12461957 997.87538043 0.99787538 2.12461957
1-CB-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-4 0.00000000 7.89905988 992.10094012 0.99210094 7.89905988
1-CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-6 0.00000000 2.12461951 997.87538049 0.99787538 2.12461951
1-CB-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-R 0.00000000 1000.00000000 0.00000000 0.00000000 1,000.00000000
2-CB-1 0.00000000 5.39957623 994.60042377 0.99460042 5.39957623
3-CB-1 0.00000000 9.69995443 990.30004557 0.99030005 9.69995443
4-A-1 0.00000000 1.39909091 998.60090909 0.99860091 1.39909091
4-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
4-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
4-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
5-A-1 0.00000000 4.88890179 995.11109821 0.99511110 4.88890179
6-A-1 0.00000000 4.15421056 995.84578944 0.99584579 4.15421056
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-PO 0.00000000 1.26159989 998.73840011 0.99873840 1.26159989
4-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4-PO 0.00000000 1.26550381 998.73449619 0.99873450 1.26550381
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 3.86155120 996.13844880 0.99613845 3.86155120
B-1 0.00000000 1.32286676 998.67713324 0.99867713 1.32286676
B-2 0.00000000 1.32286577 998.67713423 0.99867713 1.32286577
B-3 0.00000000 1.32286605 998.67713395 0.99867713 1.32286605
B-4 0.00000000 1.32286438 998.67713562 0.99867714 1.32286438
B-5 0.00000000 1.32286934 998.67713066 0.99867713 1.32286934
B-6 0.00000000 1.32163114 998.67836886 0.99867837 1.32163114
<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-1 117,210,000.00 4.43750% 117,210,000.00 433,432.81 0.00 0.00
1-CB-2 0.00 1.06250% 117,210,000.00 103,779.69 0.00 0.00
1-CB-3 43,300,000.00 5.50000% 43,300,000.00 198,458.33 0.00 0.00
1-CB-4 33,400,000.00 5.50000% 33,400,000.00 153,083.33 0.00 0.00
1-CB-5 9,153,000.00 5.50000% 9,153,000.00 41,951.25 0.00 0.00
1-CB-6 10,447,000.00 5.50000% 10,447,000.00 47,882.08 0.00 0.00
1-CB-7 1,710,000.00 5.50000% 1,710,000.00 7,837.50 0.00 0.00
1-CB-R 100.00 5.50000% 100.00 0.46 0.00 0.00
2-CB-1 92,219,000.00 6.00000% 92,219,000.00 461,095.00 0.00 0.00
3-CB-1 52,451,000.00 6.00000% 52,451,000.00 262,255.00 0.00 0.00
4-A-1 53,944,000.00 5.75000% 53,944,000.00 258,481.67 0.00 0.00
4-A-2 4,370,000.00 6.00000% 4,370,000.00 21,850.00 0.00 0.00
4-A-3 4,370,000.00 6.00000% 4,370,000.00 21,850.00 0.00 0.00
4-A-4 380,000.00 0.00000% 380,000.00 0.00 0.00 0.00
5-A-1 27,217,000.00 5.25000% 27,217,000.00 119,074.38 0.00 0.00
6-A-1 34,499,000.00 5.50000% 34,499,000.00 158,120.42 0.00 0.00
CB-IO 0.00 5.50000% 11,386,066.59 52,186.14 0.00 0.00
CB-PO 1,311,866.00 0.00000% 1,311,866.00 0.00 0.00 0.00
4-IO 0.00 5.50000% 1,839,476.37 8,430.93 0.00 0.00
4-PO 1,471,493.00 0.00000% 1,471,493.00 0.00 0.00 0.00
15-IO 0.00 5.50000% 861,119.15 3,946.80 0.00 0.00
15-PO 920,138.00 0.00000% 920,138.00 0.00 0.00 0.00
B-1 7,873,000.00 5.66684% 7,873,000.00 37,179.20 0.00 0.00
B-2 3,807,000.00 5.66684% 3,807,000.00 17,978.05 0.00 0.00
B-3 3,046,000.00 5.66684% 3,046,000.00 14,384.33 0.00 0.00
B-4 1,777,000.00 5.66684% 1,777,000.00 8,391.65 0.00 0.00
B-5 1,523,000.00 5.66684% 1,523,000.00 7,192.17 0.00 0.00
B-6 1,269,734.00 5.66684% 1,269,734.00 5,996.15 0.00 0.00
Totals 507,669,331.00 2,444,837.34 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 0.00 433,432.81 0.00 116,960,973.34
1-CB-2 0.00 0.00 103,779.69 0.00 116,960,973.34
1-CB-3 0.00 0.00 198,458.33 0.00 43,300,000.00
1-CB-4 0.00 0.00 153,083.33 0.00 33,136,171.40
1-CB-5 0.00 0.00 41,951.25 0.00 9,153,000.00
1-CB-6 0.00 0.00 47,882.08 0.00 10,424,804.10
1-CB-7 0.00 0.00 7,837.50 0.00 1,710,000.00
1-CB-R 0.00 0.00 0.46 0.00 0.00
2-CB-1 0.00 0.00 461,095.00 0.00 91,721,056.48
3-CB-1 0.00 0.00 262,255.00 0.00 51,942,227.69
4-A-1 0.00 0.00 258,481.67 0.00 53,868,527.44
4-A-2 0.00 0.00 21,850.00 0.00 4,370,000.00
4-A-3 0.00 0.00 21,850.00 0.00 4,370,000.00
4-A-4 0.00 0.00 0.00 0.00 380,000.00
5-A-1 0.00 0.00 119,074.38 0.00 27,083,938.76
6-A-1 0.00 0.00 158,120.42 0.00 34,355,683.89
CB-IO 0.00 0.00 52,186.14 0.00 11,301,046.02
CB-PO 0.00 0.00 0.00 0.00 1,310,210.95
4-IO 0.00 0.00 8,430.93 0.00 1,837,831.86
4-PO 0.00 0.00 0.00 0.00 1,469,630.82
15-IO 0.00 0.00 3,946.80 0.00 856,711.29
15-PO 0.00 0.00 0.00 0.00 916,584.84
B-1 0.00 0.00 37,179.20 0.00 7,862,585.07
B-2 0.00 0.00 17,978.05 0.00 3,801,963.85
B-3 0.00 0.00 14,384.33 0.00 3,041,970.55
B-4 0.00 0.00 8,391.65 0.00 1,774,649.27
B-5 0.00 0.00 7,192.17 0.00 1,520,985.27
B-6 0.00 0.00 5,996.15 0.00 1,268,055.88
Totals 0.00 0.00 2,444,837.34 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-1 117,210,000.00 4.43750% 1000.00000000 3.69791665 0.00000000 0.00000000
1-CB-2 0.00 1.06250% 1000.00000000 0.88541669 0.00000000 0.00000000
1-CB-3 43,300,000.00 5.50000% 1000.00000000 4.58333326 0.00000000 0.00000000
1-CB-4 33,400,000.00 5.50000% 1000.00000000 4.58333323 0.00000000 0.00000000
1-CB-5 9,153,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-CB-6 10,447,000.00 5.50000% 1000.00000000 4.58333301 0.00000000 0.00000000
1-CB-7 1,710,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-CB-R 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
2-CB-1 92,219,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
3-CB-1 52,451,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
4-A-1 53,944,000.00 5.75000% 1000.00000000 4.79166673 0.00000000 0.00000000
4-A-2 4,370,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
4-A-3 4,370,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
4-A-4 380,000.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
5-A-1 27,217,000.00 5.25000% 1000.00000000 4.37500018 0.00000000 0.00000000
6-A-1 34,499,000.00 5.50000% 1000.00000000 4.58333343 0.00000000 0.00000000
CB-IO 0.00 5.50000% 1000.00005182 4.58333370 0.00000000 0.00000000
CB-PO 1,311,866.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
4-IO 0.00 5.50000% 1000.00020114 4.58333243 0.00000000 0.00000000
4-PO 1,471,493.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.50000% 1000.00017419 4.58333866 0.00000000 0.00000000
15-PO 920,138.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 7,873,000.00 5.66684% 1000.00000000 4.72236759 0.00000000 0.00000000
B-2 3,807,000.00 5.66684% 1000.00000000 4.72236669 0.00000000 0.00000000
B-3 3,046,000.00 5.66684% 1000.00000000 4.72236704 0.00000000 0.00000000
B-4 1,777,000.00 5.66684% 1000.00000000 4.72236916 0.00000000 0.00000000
B-5 1,523,000.00 5.66684% 1000.00000000 4.72237032 0.00000000 0.00000000
B-6 1,269,734.00 5.66684% 1000.00000000 4.72236705 0.00000000 0.00000000
<FN>
(5) All classes per $1,000 denomination
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00000000 0.00000000 3.69791665 0.00000000 997.87538043
1-CB-2 0.00000000 0.00000000 0.88541669 0.00000000 997.87538043
1-CB-3 0.00000000 0.00000000 4.58333326 0.00000000 1000.00000000
1-CB-4 0.00000000 0.00000000 4.58333323 0.00000000 992.10094012
1-CB-5 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-CB-6 0.00000000 0.00000000 4.58333301 0.00000000 997.87538049
1-CB-7 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-CB-R 0.00000000 0.00000000 4.60000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 994.60042377
3-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 990.30004557
4-A-1 0.00000000 0.00000000 4.79166673 0.00000000 998.60090909
4-A-2 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
4-A-3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
4-A-4 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
5-A-1 0.00000000 0.00000000 4.37500018 0.00000000 995.11109821
6-A-1 0.00000000 0.00000000 4.58333343 0.00000000 995.84578944
CB-IO 0.00000000 0.00000000 4.58333370 0.00000000 992.53298022
CB-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.73840011
4-IO 0.00000000 0.00000000 4.58333243 0.00000000 999.10619111
4-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.73449619
15-IO 0.00000000 0.00000000 4.58333866 0.00000000 994.88141593
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.13844880
B-1 0.00000000 0.00000000 4.72236759 0.00000000 998.67713324
B-2 0.00000000 0.00000000 4.72236669 0.00000000 998.67713423
B-3 0.00000000 0.00000000 4.72236704 0.00000000 998.67713395
B-4 0.00000000 0.00000000 4.72236916 0.00000000 998.67713562
B-5 0.00000000 0.00000000 4.72237032 0.00000000 998.67713066
B-6 0.00000000 0.00000000 4.72236705 0.00000000 998.67836886
<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% 6,849,783.78 6,833,314.63 0.00 0.00 99.75956366%
2-CB-IO 5.50000% 3,401,381.77 3,362,097.51 0.00 0.00 98.84507234%
3-CB-IO 5.50000% 1,134,901.04 1,105,633.88 0.00 0.00 97.42117418%
1-CB-PO 0.00000% 0.00 0.00 1,279,316.00 1,277,698.68 99.87357932%
2-CB-PO 0.00000% 0.00 0.00 17,124.00 17,105.74 99.89336604%
3-CB-PO 0.00000% 0.00 0.00 15,426.00 15,406.53 99.87378452%
5-15-PO 0.00000% 0.00 0.00 790,202.00 787,120.21 99.60999972%
6-15-PO 0.00000% 0.00 0.00 129,936.00 129,464.63 99.63722910%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,478,393.89
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 4,478,393.89
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 107,245.15
Payment of Interest and Principal 4,371,148.74
Total Withdrawals (Pool Distribution Amount) 4,478,393.89
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 105,764.45
WELLS FARGO BANK, N.A 1,480.70
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 107,245.15
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 2 0 0 2
332,895.16 0.00 0.00 332,895.16
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 2 0 0 2
0.00 332,895.16 0.00 0.00 332,895.16
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 0.065638% 0.000000% 0.000000% 0.065638%
0.065760% 0.000000% 0.000000% 0.065760%
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% 0.065638% 0.000000% 0.000000% 0.065638%
0.000000% 0.065760% 0.000000% 0.000000% 0.065760%
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 1 0 0 1
112,895.16 0.00 0.00 112,895.16
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 1 0 0 1
0.00 112,895.16 0.00 0.00 112,895.16
0-29 Days 0.072307% 0.000000% 0.000000% 0.072307%
0.050250% 0.000000% 0.000000% 0.050250%
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% 0.072307% 0.000000% 0.000000% 0.072307%
0.000000% 0.050250% 0.000000% 0.000000% 0.050250%
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 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>
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
220,000.00 0.00 0.00 220,000.00
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 1 0 0 1
0.00 220,000.00 0.00 0.00 220,000.00
0-29 Days 0.286533% 0.000000% 0.000000% 0.286533%
0.406941% 0.000000% 0.000000% 0.406941%
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% 0.286533% 0.000000% 0.000000% 0.286533%
0.000000% 0.406941% 0.000000% 0.000000% 0.406941%
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 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>
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 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>
6 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 0.00
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.
6 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.
6 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 6.032453%
Weighted Average Net Coupon 5.782453%
Weighted Average Pass-Through Rate 5.778953%
Weighted Average Maturity(Stepdown Calculation) 1
Beginning Scheduled Collateral Loan Count 1,793
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 3,047
Beginning Scheduled Collateral Balance 507,669,331.00
Ending Scheduled Collateral Balance 505,743,019.61
Ending Actual Collateral Balance at 31-Oct-2005 506,230,394.20
Monthly P&I Constant 3,223,890.12
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 671,813.98
Unscheduled Principal 1,254,498.98
Miscellaneous Reporting
Senior % 96.171222%
Subordinate % 3.828778%
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 5.889600 6.447547 6.366253
Weighted Average Net Rate 5.639600 6.197547 6.116253
Weighted Average Maturity 358 358 358
Beginning Loan Count 1,384 767 351
Loans Paid In Full 1 3 2
Ending Loan Count 1,383 764 349
Beginning Scheduled Balance 225,051,821.47 95,879,988.11 54,539,818.33
Ending Scheduled Balance 224,506,254.05 95,378,663.17 54,029,094.38
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 1,336,214.30 603,653.49 340,170.44
Scheduled Principal 231,659.97 88,494.58 50,825.21
Unscheduled Principal 313,907.45 412,830.36 459,898.74
Scheduled Interest 1,104,554.33 515,158.91 289,345.23
Servicing Fees 46,885.80 19,975.00 11,362.46
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 656.40 279.65 159.07
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 1,057,012.13 494,904.26 277,823.70
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 5.636100 6.194047 6.112753
Group Level Collateral Statement
Group 4 5 6
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.028186 5.361005 5.865216
Weighted Average Net Rate 5.778186 5.111005 5.615216
Weighted Average Maturity 357 178 178
Beginning Loan Count 98 137 316
Loans Paid In Full 0 0 0
Ending Loan Count 98 137 316
Beginning Scheduled Balance 67,085,509.08 29,114,409.16 35,997,786.42
Ending scheduled Balance 67,005,611.24 28,974,206.87 35,849,189.90
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 404,554.96 236,876.33 302,420.60
Scheduled Principal 67,551.69 106,807.59 126,474.94
Unscheduled Principal 12,346.15 33,394.70 22,121.58
Scheduled Interest 337,003.27 130,068.74 175,945.66
Servicing Fees 13,976.15 6,065.50 7,499.54
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 195.67 84.92 104.99
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 322,831.45 123,918.32 168,341.13
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 5.774686 5.107505 5.611716
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 6.032453
Weighted Average Net Rate 5.782453
Weighted Average Maturity 1.00
Record Date 10/31/2005
Principal And Interest Constant 3,223,890.12
Beginning Loan Count 3,053
Loans Paid In Full 6
Ending Loan Count 3,047
Beginning Scheduled Balance 507,669,332.57
Ending Scheduled Balance 505,743,019.61
Scheduled Principal 671,813.98
Unscheduled Principal 1,254,498.98
Scheduled Interest 2,552,076.14
Servicing Fee 105,764.45
Master Servicing Fee 0.00
Trustee Fee 1,480.70
Fry Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,444,830.99
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.778953
Miscellaneous Reporting
Group 1
CPR 1.662705%
Subordinate % 3.821920%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.178080%
Group 2
CPR 5.050772%
Subordinate % 3.801121%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.198879%
Group 3
CPR 9.671071%
Subordinate % 3.802687%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.197313%
Miscellaneous Reporting
Group 4
CPR 0.220842%
Subordinate % 3.886389%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.113611%
Group 5
CPR 1.372774%
Subordinate % 3.909050%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.090950%
Group 6
CPR 0.737526%
Subordinate % 3.816371%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 96.183629%
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 1 105,600.00 105,494.87 0 0.00 0.00
2 3 407,825.00 407,473.07 0 0.00 0.00
3 2 449,491.00 448,740.83 0 0.00 0.00
4 0 0.00 0.00 0 0.00 0.00
5 0 0.00 0.00 0 0.00 0.00
6 0 0.00 0.00 0 0.00 0.00
Total 6 962,916.00 961,708.77 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 0.00 208,518.24
2 0 0.00 0.00 0 0.00 0.00 5,711.19
3 0 0.00 0.00 0 0.00 0.00 11,560.75
4 0 0.00 0.00 0 0.00 0.00 12,346.15
5 0 0.00 0.00 0 0.00 0.00 33,394.70
6 0 0.00 0.00 0 0.00 0.00 22,121.58
Total 0 0.00 0.00 0 0.00 0.00 293,652.61
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 3302412022 AZ 80.00 01-Oct-2005 105,600.00 105,389.21
2 6397316677 FL 80.00 01-Oct-2005 130,720.00 130,494.27
2 6470274660 FL 89.99 01-Oct-2005 200,820.00 200,481.59
2 6761602520 GA 80.00 01-Oct-2005 76,285.00 76,143.31
3 6267971361 WI 80.00 01-Nov-2005 176,000.00 175,848.46
3 6277905425 CA 79.82 01-Sep-2005 273,491.00 272,489.53
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 3302412022 Loan Paid in Full (2) 6.000% 360 1
2 6397316677 Loan Paid in Full (1) 6.750% 360 1
2 6470274660 Loan Paid in Full (2) 6.875% 360 1
2 6761602520 Loan Paid in Full (2) 6.375% 360 1
3 6267971361 Loan Paid in Full (2) 6.750% 360 0
3 6277905425 Loan Paid in Full (1) 6.500% 360 2
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.247% Current Month 2.929% Current Month 2,176.762%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 2.929% N/A Nov-2005 2,176.762% 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 0.140% Current Month 1.663% Current Month 1,229.181%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 1.663% N/A Nov-2005 1,229.181% 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 0.431% Current Month 5.051% Current Month 4,330.305%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 5.051% N/A Nov-2005 4,330.305% 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 0.844% Current Month 9.671% Current Month 8,553.815%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 9.671% N/A Nov-2005 8,553.815% 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 0.018% Current Month 0.221% Current Month 161.882%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.221% N/A Nov-2005 161.882% 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 0.115% Current Month 1.373% Current Month 605.554%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 1.373% N/A Nov-2005 605.554% 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.
6
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.062% Current Month 0.738% Current Month 557.339%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.738% N/A Nov-2005 557.339% 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%
6 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
6
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>