UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 25, 2005
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-HE3 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-01
Pooling and Servicing Agreement) (Commission 54-2173089
(State or other File Number) 54-2173090
jurisdiction 54-2173091
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 ACE SECURITIES CORP
. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-HE3 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Pass-Through Certificates,
Series 2005-HE3 Trust, relating to the
November 25, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-HE3 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 11/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-HE3 Trust,
relating to the November 25, 2005 distribution.
EX-99.1
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Record Date: 10/31/2005
Distribution Date: 11/25/2005
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Series ACE 2005-HE3
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
A-1A 004421MX8 SEN 4.25750% 312,170,638.30 1,144,473.92
A-1B 004421MY6 SEN 4.29750% 78,043,507.11 288,809.75
A-2A 004421MZ3 SEN 4.13750% 163,182,772.88 581,395.29
A-2B 004421NA7 SEN 4.24750% 119,685,000.00 437,756.20
A-2C 004421NB5 SEN 4.35750% 49,096,000.00 184,222.51
M-1 004421NC3 MEZ 4.46750% 58,358,000.00 224,504.04
M-2 004421ND1 MEZ 4.48750% 35,451,000.00 136,991.03
M-3 004421NE9 MEZ 4.50750% 22,362,000.00 86,797.17
M-4 004421NF6 MEZ 4.66750% 19,634,000.00 78,913.68
M-5 004421NG4 MEZ 4.69750% 18,544,000.00 75,011.77
M-6 004421NH2 MEZ 4.72750% 17,998,000.00 73,268.11
M-7 004421NJ8 MEZ 5.33750% 14,180,000.00 65,173.84
M-8 004421NK5 MEZ 5.38750% 13,090,000.00 60,727.60
M-9 004421NL3 MEZ 5.83750% 10,908,000.00 54,831.64
B-1 004421NM1 SUB 7.28750% 6,545,000.00 41,072.15
B-2 004421NN9 SUB 7.28750% 10,908,000.00 68,451.49
B-3 004421NP4 SUB 7.28750% 8,181,000.00 51,338.62
CE ACE05H2CE SEN 0.00000% 5,454,025.98 1,683,130.06
P ACE05HE2P SEN 0.00000% 100.00 489,593.30
R-1 ACE05H3R1 SEN 0.00000% 0.00 0.00
Totals 963,791,044.27 5,826,462.17
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1A 13,222,341.30 0.00 298,948,297.00 14,366,815.22 0.00
A-1B 3,305,621.22 0.00 74,737,885.89 3,594,430.97 0.00
A-2A 13,678,843.60 0.00 149,503,929.29 14,260,238.89 0.00
A-2B 0.00 0.00 119,685,000.00 437,756.20 0.00
A-2C 0.00 0.00 49,096,000.00 184,222.51 0.00
M-1 0.00 0.00 58,358,000.00 224,504.04 0.00
M-2 0.00 0.00 35,451,000.00 136,991.03 0.00
M-3 0.00 0.00 22,362,000.00 86,797.17 0.00
M-4 0.00 0.00 19,634,000.00 78,913.68 0.00
M-5 0.00 0.00 18,544,000.00 75,011.77 0.00
M-6 0.00 0.00 17,998,000.00 73,268.11 0.00
M-7 0.00 0.00 14,180,000.00 65,173.84 0.00
M-8 0.00 0.00 13,090,000.00 60,727.60 0.00
M-9 0.00 0.00 10,908,000.00 54,831.64 0.00
B-1 0.00 0.00 6,545,000.00 41,072.15 0.00
B-2 0.00 0.00 10,908,000.00 68,451.49 0.00
B-3 0.00 0.00 8,181,000.00 51,338.62 0.00
CE 0.00 0.00 5,454,025.98 1,683,130.06 0.00
P 0.00 0.00 100.00 489,593.30 0.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 30,206,806.12 0.00 933,584,238.16 36,033,268.29 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
A-1A 368,328,000.00 312,170,638.30 0.00 13,222,341.30 0.00 0.00
A-1B 92,083,000.00 78,043,507.11 0.00 3,305,621.22 0.00 0.00
A-2A 220,000,000.00 163,182,772.88 0.00 13,678,843.60 0.00 0.00
A-2B 119,685,000.00 119,685,000.00 0.00 0.00 0.00 0.00
A-2C 49,096,000.00 49,096,000.00 0.00 0.00 0.00 0.00
M-1 58,358,000.00 58,358,000.00 0.00 0.00 0.00 0.00
M-2 35,451,000.00 35,451,000.00 0.00 0.00 0.00 0.00
M-3 22,362,000.00 22,362,000.00 0.00 0.00 0.00 0.00
M-4 19,634,000.00 19,634,000.00 0.00 0.00 0.00 0.00
M-5 18,544,000.00 18,544,000.00 0.00 0.00 0.00 0.00
M-6 17,998,000.00 17,998,000.00 0.00 0.00 0.00 0.00
M-7 14,180,000.00 14,180,000.00 0.00 0.00 0.00 0.00
M-8 13,090,000.00 13,090,000.00 0.00 0.00 0.00 0.00
M-9 10,908,000.00 10,908,000.00 0.00 0.00 0.00 0.00
B-1 6,545,000.00 6,545,000.00 0.00 0.00 0.00 0.00
B-2 10,908,000.00 10,908,000.00 0.00 0.00 0.00 0.00
B-3 8,181,000.00 8,181,000.00 0.00 0.00 0.00 0.00
CE 5,454,097.00 5,454,025.98 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,090,805,197.00 963,791,044.27 0.00 30,206,806.12 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
A-1A 13,222,341.30 298,948,297.00 0.81163609 13,222,341.30
A-1B 3,305,621.22 74,737,885.89 0.81163609 3,305,621.22
A-2A 13,678,843.60 149,503,929.29 0.67956331 13,678,843.60
A-2B 0.00 119,685,000.00 1.00000000 0.00
A-2C 0.00 49,096,000.00 1.00000000 0.00
M-1 0.00 58,358,000.00 1.00000000 0.00
M-2 0.00 35,451,000.00 1.00000000 0.00
M-3 0.00 22,362,000.00 1.00000000 0.00
M-4 0.00 19,634,000.00 1.00000000 0.00
M-5 0.00 18,544,000.00 1.00000000 0.00
M-6 0.00 17,998,000.00 1.00000000 0.00
M-7 0.00 14,180,000.00 1.00000000 0.00
M-8 0.00 13,090,000.00 1.00000000 0.00
M-9 0.00 10,908,000.00 1.00000000 0.00
B-1 0.00 6,545,000.00 1.00000000 0.00
B-2 0.00 10,908,000.00 1.00000000 0.00
B-3 0.00 8,181,000.00 1.00000000 0.00
CE 0.00 5,454,025.98 0.99998698 0.00
P 0.00 100.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
Totals 30,206,806.12 933,584,238.16 0.85586706 30,206,806.12
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
A-1A 368,328,000.00 847.53436692 0.00000000 35.89827898 0.00000000
A-1B 92,083,000.00 847.53436693 0.00000000 35.89827894 0.00000000
A-2A 220,000,000.00 741.73987673 0.00000000 62.17656182 0.00000000
A-2B 119,685,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 49,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 58,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 35,451,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 22,362,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 19,634,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 18,544,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 17,998,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 14,180,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 13,090,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 10,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 6,545,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 10,908,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 8,181,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 5,454,097.00 999.98697860 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1A 0.00000000 35.89827898 811.63608794 0.81163609 35.89827898
A-1B 0.00000000 35.89827894 811.63608799 0.81163609 35.89827894
A-2A 0.00000000 62.17656182 679.56331495 0.67956331 62.17656182
A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 999.98697860 0.99998698 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1A 368,328,000.00 4.25750% 312,170,638.30 1,144,473.92 0.00 0.00
A-1B 92,083,000.00 4.29750% 78,043,507.11 288,809.75 0.00 0.00
A-2A 220,000,000.00 4.13750% 163,182,772.88 581,395.29 0.00 0.00
A-2B 119,685,000.00 4.24750% 119,685,000.00 437,756.20 0.00 0.00
A-2C 49,096,000.00 4.35750% 49,096,000.00 184,222.51 0.00 0.00
M-1 58,358,000.00 4.46750% 58,358,000.00 224,504.04 0.00 0.00
M-2 35,451,000.00 4.48750% 35,451,000.00 136,991.03 0.00 0.00
M-3 22,362,000.00 4.50750% 22,362,000.00 86,797.17 0.00 0.00
M-4 19,634,000.00 4.66750% 19,634,000.00 78,913.68 0.00 0.00
M-5 18,544,000.00 4.69750% 18,544,000.00 75,011.77 0.00 0.00
M-6 17,998,000.00 4.72750% 17,998,000.00 73,268.11 0.00 0.00
M-7 14,180,000.00 5.33750% 14,180,000.00 65,173.84 0.00 0.00
M-8 13,090,000.00 5.38750% 13,090,000.00 60,727.60 0.00 0.00
M-9 10,908,000.00 5.83750% 10,908,000.00 54,831.64 0.00 0.00
B-1 6,545,000.00 7.28750% 6,545,000.00 41,072.15 0.00 0.00
B-2 10,908,000.00 7.28750% 10,908,000.00 68,451.49 0.00 0.00
B-3 8,181,000.00 7.28750% 8,181,000.00 51,338.62 0.00 0.00
CE 5,454,097.00 0.00000% 963,791,044.28 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,090,805,197.00 3,653,738.81 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.00 0.00 1,144,473.92 0.00 298,948,297.00
A-1B 0.00 0.00 288,809.75 0.00 74,737,885.89
A-2A 0.00 0.00 581,395.29 0.00 149,503,929.29
A-2B 0.00 0.00 437,756.20 0.00 119,685,000.00
A-2C 0.00 0.00 184,222.51 0.00 49,096,000.00
M-1 0.00 0.00 224,504.04 0.00 58,358,000.00
M-2 0.00 0.00 136,991.03 0.00 35,451,000.00
M-3 0.00 0.00 86,797.17 0.00 22,362,000.00
M-4 0.00 0.00 78,913.68 0.00 19,634,000.00
M-5 0.00 0.00 75,011.77 0.00 18,544,000.00
M-6 0.00 0.00 73,268.11 0.00 17,998,000.00
M-7 0.00 0.00 65,173.84 0.00 14,180,000.00
M-8 0.00 0.00 60,727.60 0.00 13,090,000.00
M-9 0.00 0.00 54,831.64 0.00 10,908,000.00
B-1 0.00 0.00 41,072.15 0.00 6,545,000.00
B-2 0.00 0.00 68,451.49 0.00 10,908,000.00
B-3 0.00 0.00 51,338.62 0.00 8,181,000.00
CE 0.00 0.00 1,683,130.06 0.00 933,584,238.16
P 0.00 0.00 489,593.30 0.00 100.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 5,826,462.17 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1A 368,328,000.00 4.25750% 847.53436692 3.10721400 0.00000000 0.00000000
A-1B 92,083,000.00 4.29750% 847.53436693 3.13640683 0.00000000 0.00000000
A-2A 220,000,000.00 4.13750% 741.73987673 2.64270586 0.00000000 0.00000000
A-2B 119,685,000.00 4.24750% 1000.00000000 3.65756945 0.00000000 0.00000000
A-2C 49,096,000.00 4.35750% 1000.00000000 3.75229163 0.00000000 0.00000000
M-1 58,358,000.00 4.46750% 1000.00000000 3.84701395 0.00000000 0.00000000
M-2 35,451,000.00 4.48750% 1000.00000000 3.86423599 0.00000000 0.00000000
M-3 22,362,000.00 4.50750% 1000.00000000 3.88145828 0.00000000 0.00000000
M-4 19,634,000.00 4.66750% 1000.00000000 4.01923602 0.00000000 0.00000000
M-5 18,544,000.00 4.69750% 1000.00000000 4.04506956 0.00000000 0.00000000
M-6 17,998,000.00 4.72750% 1000.00000000 4.07090288 0.00000000 0.00000000
M-7 14,180,000.00 5.33750% 1000.00000000 4.59618054 0.00000000 0.00000000
M-8 13,090,000.00 5.38750% 1000.00000000 4.63923606 0.00000000 0.00000000
M-9 10,908,000.00 5.83750% 1000.00000000 5.02673634 0.00000000 0.00000000
B-1 6,545,000.00 7.28750% 1000.00000000 6.27534759 0.00000000 0.00000000
B-2 10,908,000.00 7.28750% 1000.00000000 6.27534745 0.00000000 0.00000000
B-3 8,181,000.00 7.28750% 1000.00000000 6.27534776 0.00000000 0.00000000
CE 5,454,097.00 0.00000% 176709.55325510 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.00000000 0.00000000 3.10721400 0.00000000 811.63608794
A-1B 0.00000000 0.00000000 3.13640683 0.00000000 811.63608799
A-2A 0.00000000 0.00000000 2.64270586 0.00000000 679.56331495
A-2B 0.00000000 0.00000000 3.65756945 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.75229163 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.84701395 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.86423599 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.88145828 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 4.01923602 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 4.04506956 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.07090288 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.59618054 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.63923606 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 5.02673634 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.27534759 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 6.27534745 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 6.27534776 0.00000000 1000.00000000
CE 0.00000000 0.00000000 308.59921633 0.00000000 171171.18345347
P 0.00000000 0.00000000 4895933.00000000 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 35,902,193.93
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 477,800.95
Realized Loss (Gains, Subsequent Expenses & Recoveries) (5,438.78)
Prepayment Penalties 489,593.30
Total Deposits 36,864,149.40
Withdrawals
Reimbursement for Servicer Advances 415,647.73
Payment of Service Fee 415,233.38
Payment of Interest and Principal 36,033,268.29
Total Withdrawals (Pool Distribution Amount) 36,864,149.40
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 401,579.63
Credit Risk Manager Fee - Murray Hill Company 11,244.25
Master Servicing Fee: Wells Fargo Bank 2,409.50
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 415,233.38
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 18,772.62 18,772.62 1,000.00
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 25 0 0 25
2,876,283.09 0.00 0.00 2,876,283.09
30 Days 214 2 1 0 217
29,485,814.20 161,457.60 283,500.00 0.00 29,930,771.80
60 Days 119 2 2 0 123
18,576,951.21 409,005.28 604,132.57 0.00 19,590,089.06
90 Days 46 4 19 0 69
6,263,164.64 484,245.98 3,109,442.57 0.00 9,856,853.19
120 Days 26 1 24 0 51
3,584,298.23 74,894.13 2,885,581.80 0.00 6,544,774.16
150 Days 11 2 25 0 38
1,409,788.62 485,550.00 3,823,001.02 0.00 5,718,339.64
180+ Days 3 1 3 0 7
413,400.00 106,079.00 1,095,997.00 0.00 1,615,476.00
Totals 419 37 74 0 530
59,733,416.90 4,597,515.08 11,801,654.96 0.00 76,132,586.94
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 0.413018% 0.000000% 0.000000% 0.413018%
0.307881% 0.000000% 0.000000% 0.307881%
30 Days 3.535437% 0.033041% 0.016521% 0.000000% 3.584999%
3.156196% 0.017283% 0.030346% 0.000000% 3.203824%
60 Days 1.965967% 0.033041% 0.033041% 0.000000% 2.032050%
1.988498% 0.043780% 0.064667% 0.000000% 2.096946%
90 Days 0.759954% 0.066083% 0.313894% 0.000000% 1.139931%
0.670416% 0.051834% 0.332838% 0.000000% 1.055089%
120 Days 0.429539% 0.016521% 0.396498% 0.000000% 0.842557%
0.383667% 0.008017% 0.308876% 0.000000% 0.700560%
150 Days 0.181728% 0.033041% 0.413018% 0.000000% 0.627788%
0.150905% 0.051974% 0.409218% 0.000000% 0.612098%
180+ Days 0.049562% 0.016521% 0.049562% 0.000000% 0.115645%
0.044251% 0.011355% 0.117317% 0.000000% 0.172922%
Totals 6.922187% 0.611267% 1.222534% 0.000000% 8.755989%
6.393934% 0.492123% 1.263263% 0.000000% 8.149320%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group I SubGrp I 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
100,543.68 0.00 0.00 100,543.68
30 Days 35 0 0 0 35
2,463,733.62 0.00 0.00 0.00 2,463,733.62
60 Days 15 0 0 0 15
1,022,188.46 0.00 0.00 0.00 1,022,188.46
90 Days 5 0 1 0 6
262,025.82 0.00 50,917.63 0.00 312,943.45
120 Days 5 0 3 0 8
187,698.22 0.00 212,143.17 0.00 399,841.39
150 Days 6 0 0 0 6
265,791.66 0.00 0.00 0.00 265,791.66
180+ Days 1 0 0 0 1
112,500.00 0.00 0.00 0.00 112,500.00
Totals 67 2 4 0 73
4,313,937.78 100,543.68 263,060.80 0.00 4,677,542.26
0-29 Days 0.151515% 0.000000% 0.000000% 0.151515%
0.110449% 0.000000% 0.000000% 0.110449%
30 Days 2.651515% 0.000000% 0.000000% 0.000000% 2.651515%
2.706458% 0.000000% 0.000000% 0.000000% 2.706458%
60 Days 1.136364% 0.000000% 0.000000% 0.000000% 1.136364%
1.122893% 0.000000% 0.000000% 0.000000% 1.122893%
90 Days 0.378788% 0.000000% 0.075758% 0.000000% 0.454545%
0.287840% 0.000000% 0.055934% 0.000000% 0.343774%
120 Days 0.378788% 0.000000% 0.227273% 0.000000% 0.606061%
0.206190% 0.000000% 0.233043% 0.000000% 0.439233%
150 Days 0.454545% 0.000000% 0.000000% 0.000000% 0.454545%
0.291977% 0.000000% 0.000000% 0.000000% 0.291977%
180+ Days 0.075758% 0.000000% 0.000000% 0.000000% 0.075758%
0.123583% 0.000000% 0.000000% 0.000000% 0.123583%
Totals 5.075758% 0.151515% 0.303030% 0.000000% 5.530303%
4.738942% 0.110449% 0.288977% 0.000000% 5.138368%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group I SubGrp II 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 17 0 0 17
2,272,443.56 0.00 0.00 2,272,443.56
30 Days 125 2 0 0 127
14,436,881.47 161,457.60 0.00 0.00 14,598,339.07
60 Days 73 2 1 0 76
9,803,592.91 409,005.28 148,132.57 0.00 10,360,730.76
90 Days 32 3 12 0 47
3,531,727.91 327,230.73 1,450,317.18 0.00 5,309,275.82
120 Days 13 1 17 0 31
1,410,274.01 74,894.13 1,631,933.04 0.00 3,117,101.18
150 Days 3 1 20 0 24
573,141.85 53,550.00 2,228,533.18 0.00 2,855,225.03
180+ Days 1 1 1 0 3
96,900.00 106,079.00 58,197.00 0.00 261,176.00
Totals 247 27 51 0 325
29,852,518.15 3,404,660.30 5,517,112.97 0.00 38,774,291.42
0-29 Days 0.565912% 0.000000% 0.000000% 0.565912%
0.548901% 0.000000% 0.000000% 0.548901%
30 Days 4.161119% 0.066578% 0.000000% 0.000000% 4.227696%
3.487180% 0.039000% 0.000000% 0.000000% 3.526179%
60 Days 2.430093% 0.066578% 0.033289% 0.000000% 2.529960%
2.368025% 0.098794% 0.035781% 0.000000% 2.502600%
90 Days 1.065246% 0.099867% 0.399467% 0.000000% 1.564581%
0.853077% 0.079041% 0.350319% 0.000000% 1.282438%
120 Days 0.432756% 0.033289% 0.565912% 0.000000% 1.031957%
0.340647% 0.018090% 0.394188% 0.000000% 0.752925%
150 Days 0.099867% 0.033289% 0.665779% 0.000000% 0.798935%
0.138440% 0.012935% 0.538295% 0.000000% 0.689670%
180+ Days 0.033289% 0.033289% 0.033289% 0.000000% 0.099867%
0.023406% 0.025623% 0.014057% 0.000000% 0.063086%
Totals 8.222370% 0.898802% 1.697736% 0.000000% 10.818908%
7.210775% 0.822384% 1.332640% 0.000000% 9.365799%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Grp II SubGrp I 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 4 0 0 4
127,006.95 0.00 0.00 127,006.95
30 Days 15 0 0 0 15
1,191,977.84 0.00 0.00 0.00 1,191,977.84
60 Days 4 0 0 0 4
283,596.61 0.00 0.00 0.00 283,596.61
90 Days 2 0 0 0 2
185,009.68 0.00 0.00 0.00 185,009.68
120 Days 3 0 1 0 4
255,162.82 0.00 391,023.48 0.00 646,186.30
150 Days 1 0 0 0 1
50,865.11 0.00 0.00 0.00 50,865.11
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 25 4 1 0 30
1,966,612.06 127,006.95 391,023.48 0.00 2,484,642.49
0-29 Days 0.718133% 0.000000% 0.000000% 0.718133%
0.220288% 0.000000% 0.000000% 0.220288%
30 Days 2.692998% 0.000000% 0.000000% 0.000000% 2.692998%
2.067438% 0.000000% 0.000000% 0.000000% 2.067438%
60 Days 0.718133% 0.000000% 0.000000% 0.000000% 0.718133%
0.491887% 0.000000% 0.000000% 0.000000% 0.491887%
90 Days 0.359066% 0.000000% 0.000000% 0.000000% 0.359066%
0.320892% 0.000000% 0.000000% 0.000000% 0.320892%
120 Days 0.538600% 0.000000% 0.179533% 0.000000% 0.718133%
0.442570% 0.000000% 0.678215% 0.000000% 1.120784%
150 Days 0.179533% 0.000000% 0.000000% 0.000000% 0.179533%
0.088223% 0.000000% 0.000000% 0.000000% 0.088223%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.488330% 0.718133% 0.179533% 0.000000% 5.385996%
3.411010% 0.220288% 0.678215% 0.000000% 4.309513%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Grp II SubGrp II 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
376,288.90 0.00 0.00 376,288.90
30 Days 39 0 1 0 40
11,393,221.27 0.00 283,500.00 0.00 11,676,721.27
60 Days 27 0 1 0 28
7,467,573.23 0.00 456,000.00 0.00 7,923,573.23
90 Days 7 1 6 0 14
2,284,401.23 157,015.25 1,608,207.76 0.00 4,049,624.24
120 Days 5 0 3 0 8
1,731,163.18 0.00 650,482.11 0.00 2,381,645.29
150 Days 1 1 5 0 7
519,990.00 432,000.00 1,594,467.84 0.00 2,546,457.84
180+ Days 1 0 2 0 3
204,000.00 0.00 1,037,800.00 0.00 1,241,800.00
Totals 80 4 18 0 102
23,600,348.91 965,304.15 5,630,457.71 0.00 30,196,110.77
0-29 Days 0.170648% 0.000000% 0.000000% 0.170648%
0.101280% 0.000000% 0.000000% 0.101280%
30 Days 3.327645% 0.000000% 0.085324% 0.000000% 3.412969%
3.066528% 0.000000% 0.076305% 0.000000% 3.142833%
60 Days 2.303754% 0.000000% 0.085324% 0.000000% 2.389078%
2.009925% 0.000000% 0.122734% 0.000000% 2.132659%
90 Days 0.597270% 0.085324% 0.511945% 0.000000% 1.194539%
0.614855% 0.042261% 0.432855% 0.000000% 1.089972%
120 Days 0.426621% 0.000000% 0.255973% 0.000000% 0.682594%
0.465949% 0.000000% 0.175080% 0.000000% 0.641029%
150 Days 0.085324% 0.085324% 0.426621% 0.000000% 0.597270%
0.139957% 0.116274% 0.429157% 0.000000% 0.685389%
180+ Days 0.085324% 0.000000% 0.170648% 0.000000% 0.255973%
0.054907% 0.000000% 0.279328% 0.000000% 0.334235%
Totals 6.825939% 0.341297% 1.535836% 0.000000% 8.703072%
6.352122% 0.259815% 1.515459% 0.000000% 8.127396%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 477,800.95
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c> <c>
Class M-1 183,255,197.00 16.79999302% 183,255,125.98 19.62920093% 6.250962% 0.000000%
Class M-2 147,804,197.00 13.55000851% 147,804,125.98 15.83190032% 3.797301% 0.000000%
Class M-3 125,442,197.00 11.49996327% 125,442,125.98 13.43661566% 2.395285% 0.000000%
Class M-4 105,808,197.00 9.70000852% 105,808,125.98 11.33353817% 2.103077% 0.000000%
Class B-1 24,543,197.00 2.25000734% 24,543,125.98 2.62891392% 0.701062% 0.000000%
Class B-2 13,635,197.00 1.25001210% 13,635,125.98 1.46051373% 1.168400% 0.000000%
Class B-3 5,454,197.00 0.50001568% 5,454,125.98 0.58421359% 0.876300% 0.000000%
Class CE 100.00 0.00000917% 100.00 0.00001071% 0.584203% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000011% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
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 0.015%
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.
Group I SubGrp I 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.
Group I SubGrp II 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 0.033%
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.
Grp II SubGrp I 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.
Grp II SubGrp II 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 22 Dec-04 0.000%
Original Principal Balance 3,788,493.00 Jan-05 0.000%
Current Principal Balance 3,782,759.52 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 74 May-05 0.000%
Original Principal Balance 11,814,579.00 Jun-05 0.000%
Current Principal Balance 11,801,654.96 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.947%
Oct-05 1.075%
Nov-05 1.263%
*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.
Group I SubGrp I 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Dec-04 0.000%
Original Principal Balance 81,000.00 Jan-05 0.000%
Current Principal Balance 80,944.20 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 4 May-05 0.000%
Original Principal Balance 263,329.00 Jun-05 0.000%
Current Principal Balance 263,060.80 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.196%
Nov-05 0.289%
*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.
Group I SubGrp II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 15 Dec-04 0.000%
Original Principal Balance 1,681,493.00 Jan-05 0.000%
Current Principal Balance 1,678,550.98 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 51 May-05 0.000%
Original Principal Balance 5,523,510.00 Jun-05 0.000%
Current Principal Balance 5,517,112.97 Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.090%
Oct-05 1.134%
Nov-05 1.333%
*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.
Grp II SubGrp I 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 1 May-05 0.000%
Original Principal Balance 391,500.00 Jun-05 0.000%
Current Principal Balance 391,023.48 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.662%
Nov-05 0.678%
*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.
Grp II SubGrp II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 6 Dec-04 0.000%
Original Principal Balance 2,026,000.00 Jan-05 0.000%
Current Principal Balance 2,023,264.34 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 18 May-05 0.000%
Original Principal Balance 5,636,240.00 Jun-05 0.000%
Current Principal Balance 5,630,457.71 Jul-05 0.000%
Aug-05 0.000%
Sep-05 1.161%
Oct-05 1.286%
Nov-05 1.515%
*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>
Group I SubGrp I 0000434766 Oct-2005 01-Apr-2005 FL 100.00 31,400.00
Group I SubGrp I 0000434845 Oct-2005 01-Apr-2005 IN 85.00 51,000.00
Group I SubGrp I 0000439303 Oct-2005 01-Apr-2005 IN 79.94 99,929.00
Group I SubGrp I 0000442351 Nov-2005 01-May-2005 SC 76.42 81,000.00
Group I SubGrp II 0000433359 Sep-2005 01-Mar-2005 NC 80.00 120,000.00
Group I SubGrp II 0000434520 Sep-2005 01-Mar-2005 GA 80.00 120,800.00
Group I SubGrp II 0000434720 Oct-2005 01-Apr-2005 WI 85.00 55,250.00
Group I SubGrp II 0000434913 Sep-2005 01-Apr-2005 CO 80.00 124,000.00
Group I SubGrp II 0000434945 Oct-2005 01-Apr-2005 FL 90.00 148,500.00
Group I SubGrp II 0000434991 Sep-2005 01-Apr-2005 MI 80.00 52,800.00
Group I SubGrp II 0000435114 Nov-2005 01-Apr-2005 CT 90.00 89,910.00
Group I SubGrp II 0000435245 Oct-2005 01-Mar-2005 OH 76.47 65,000.00
Group I SubGrp II 0000435435 Oct-2005 01-Apr-2005 CO 80.00 148,000.00
Group I SubGrp II 0000435436 Sep-2005 01-Mar-2005 CO 93.96 311,000.00
Group I SubGrp II 0000435437 Sep-2005 01-Apr-2005 CO 80.00 172,000.00
Group I SubGrp II 0000438035 Nov-2005 01-Apr-2005 CA 77.59 337,500.00
Group I SubGrp II 0000438257 Nov-2005 01-Apr-2005 GA 85.00 238,000.00
Group I SubGrp II 0000438527 Oct-2005 01-Apr-2005 MN 85.00 179,350.00
Group I SubGrp II 0000438719 Sep-2005 01-Apr-2005 TX 85.00 153,000.00
Group I SubGrp II 0000438825 Oct-2005 01-Apr-2005 CO 80.00 140,000.00
Group I SubGrp II 0000438851 Sep-2005 01-Apr-2005 UT 80.00 136,800.00
Group I SubGrp II 0000438990 Sep-2005 01-Apr-2005 CO 80.00 125,600.00
Group I SubGrp II 0000438996 Nov-2005 01-Apr-2005 AR 85.00 125,375.00
Group I SubGrp II 0000439008 Oct-2005 01-Apr-2005 CO 80.00 124,000.00
Group I SubGrp II 0000439027 Sep-2005 01-Apr-2005 MO 80.00 122,600.00
Group I SubGrp II 0000439115 Oct-2005 01-Apr-2005 OH 85.00 114,748.00
Group I SubGrp II 0000439132 Oct-2005 01-Apr-2005 FL 80.00 113,600.00
Group I SubGrp II 0000439151 Oct-2005 01-Apr-2005 TX 80.00 112,000.00
Group I SubGrp II 0000439168 Sep-2005 01-Apr-2005 GA 80.00 111,200.00
Group I SubGrp II 0000439204 Nov-2005 01-Apr-2005 CA 80.00 108,000.00
Group I SubGrp II 0000439210 Nov-2005 01-Mar-2005 FL 80.00 108,000.00
Group I SubGrp II 0000439223 Nov-2005 01-Apr-2005 GA 84.98 107,069.00
Group I SubGrp II 0000439253 Sep-2005 01-Apr-2005 CO 80.00 104,000.00
Group I SubGrp II 0000439353 Nov-2005 01-Apr-2005 MO 79.32 95,900.00
Group I SubGrp II 0000439363 Sep-2005 01-Apr-2005 MI 79.17 95,000.00
Group I SubGrp II 0000439372 Sep-2005 01-Apr-2005 SC 90.00 94,500.00
Group I SubGrp II 0000439556 Oct-2005 01-Apr-2005 TX 76.19 80,000.00
Group I SubGrp II 0000439584 Nov-2005 01-Apr-2005 GA 70.91 77,999.00
Group I SubGrp II 0000439708 Nov-2005 01-Apr-2005 OH 85.00 68,000.00
Group I SubGrp II 0000439711 Nov-2005 01-Apr-2005 IL 85.00 68,000.00
Group I SubGrp II 0000439852 Oct-2005 01-Apr-2005 GA 79.96 58,372.00
Group I SubGrp II 0000439854 Oct-2005 01-Apr-2005 TN 84.96 58,197.00
Group I SubGrp II 0000439858 Sep-2005 01-Apr-2005 AL 90.00 57,600.00
Group I SubGrp II 0000439879 Oct-2005 01-Apr-2005 MI 80.00 56,000.00
Group I SubGrp II 0000442352 Oct-2005 01-May-2005 IL 85.00 80,750.00
Group I SubGrp II 0000442587 Nov-2005 01-May-2005 TX 80.00 76,000.00
Group I SubGrp II 0000442595 Nov-2005 01-May-2005 IN 74.23 72,000.00
Group I SubGrp II 0000442629 Sep-2005 01-May-2005 OK 90.00 51,300.00
Group I SubGrp II 0000442643 Oct-2005 01-May-2005 MO 65.00 42,250.00
Group I SubGrp II 0000442802 Oct-2005 01-May-2005 MO 90.00 81,000.00
Group I SubGrp II 0000442837 Nov-2005 01-May-2005 ID 74.91 74,640.00
Group I SubGrp II 0000443204 Sep-2005 01-Apr-2005 CO 80.00 136,400.00
Group I SubGrp II 0000443293 Oct-2005 01-Apr-2005 AZ 81.33 48,800.00
Group I SubGrp II 0000443304 Sep-2005 01-Apr-2005 PA 85.00 47,600.00
Group I SubGrp II 0000443436 Nov-2005 01-Apr-2005 MI 90.00 35,100.00
Grp II SubGrp I 0000437945 Oct-2005 01-Apr-2005 CA 90.00 391,500.00
Grp II SubGrp II 0000434172 Sep-2005 01-Apr-2005 NC 80.00 351,840.00
Grp II SubGrp II 0000434383 Oct-2005 01-Apr-2005 CA 80.00 172,000.00
Grp II SubGrp II 0000435598 Nov-2005 01-Mar-2005 GA 69.08 525,000.00
Grp II SubGrp II 0000437181 Sep-2005 01-Apr-2005 CO 80.00 440,000.00
Grp II SubGrp II 0000437840 Sep-2005 01-Mar-2005 CA 80.00 512,800.00
Grp II SubGrp II 0000437935 Nov-2005 01-Apr-2005 NY 95.00 399,000.00
Grp II SubGrp II 0000437943 Nov-2005 01-Apr-2005 CA 80.00 392,000.00
Grp II SubGrp II 0000437986 Sep-2005 01-Apr-2005 TX 80.00 364,000.00
Grp II SubGrp II 0000438088 Oct-2005 01-Apr-2005 NJ 90.00 306,000.00
Grp II SubGrp II 0000438210 Sep-2005 01-Apr-2005 FL 80.00 252,000.00
Grp II SubGrp II 0000438283 Oct-2005 01-Apr-2005 GA 80.00 230,400.00
Grp II SubGrp II 0000438323 Nov-2005 01-Apr-2005 TX 95.00 218,500.00
Grp II SubGrp II 0000438367 Nov-2005 01-May-2005 GA 80.00 208,000.00
Grp II SubGrp II 0000438477 Sep-2005 01-Apr-2005 FL 71.48 188,000.00
Grp II SubGrp II 0000438563 Oct-2005 01-Apr-2005 CO 80.00 173,600.00
Grp II SubGrp II 0000442738 Sep-2005 01-May-2005 CO 80.00 163,600.00
Grp II SubGrp II 0000442944 Oct-2005 01-Apr-2005 MD 80.00 456,000.00
Grp II SubGrp II 0000443532 Nov-2005 01-Apr-2005 CA 90.00 283,500.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
Group I SubGrp I 0000434766 31,373.55 01-May-2005 4 10.250% 1,527.81
Group I SubGrp I 0000434845 50,917.63 01-Jun-2005 3 9.125% 1,827.84
Group I SubGrp I 0000439303 99,825.42 01-May-2005 4 9.270% 4,371.55
Group I SubGrp I 0000442351 80,944.20 01-May-2005 4 7.870% 2,977.57
Group I SubGrp II 0000433359 119,826.03 01-Apr-2005 5 7.650% 4,986.68
Group I SubGrp II 0000434520 120,653.12 01-Apr-2005 5 8.500% 5,619.97
Group I SubGrp II 0000434720 55,169.41 01-May-2005 4 8.100% 2,092.94
Group I SubGrp II 0000434913 123,999.99 01-Apr-2005 5 6.400% 4,267.62
Group I SubGrp II 0000434945 148,132.57 01-Jul-2005 2 8.450% 3,921.79
Group I SubGrp II 0000434991 52,766.33 01-Apr-2005 5 8.250% 2,380.84
Group I SubGrp II 0000435114 89,698.30 01-Jun-2005 3 7.250% 2,518.75
Group I SubGrp II 0000435245 64,850.71 01-May-2005 4 7.375% 2,224.87
Group I SubGrp II 0000435435 148,000.00 01-May-2005 4 5.625% 3,792.48
Group I SubGrp II 0000435436 311,000.00 01-Apr-2005 5 7.500% 12,699.19
Group I SubGrp II 0000435437 172,000.00 01-Apr-2005 5 6.000% 5,518.31
Group I SubGrp II 0000438035 336,807.49 01-Jun-2005 3 7.938% 10,423.63
Group I SubGrp II 0000438257 237,545.11 01-Jun-2005 3 8.438% 7,846.87
Group I SubGrp II 0000438527 179,040.01 01-May-2005 4 6.745% 5,578.23
Group I SubGrp II 0000438719 152,924.66 01-Apr-2005 5 9.495% 8,011.97
Group I SubGrp II 0000438825 139,701.50 01-May-2005 4 6.495% 4,177.85
Group I SubGrp II 0000438851 136,696.11 01-Apr-2005 5 7.385% 5,477.32
Group I SubGrp II 0000438990 125,501.92 01-Apr-2005 5 7.245% 4,926.21
Group I SubGrp II 0000438996 125,222.40 01-May-2005 4 8.495% 4,997.97
Group I SubGrp II 0000439008 123,775.21 01-May-2005 4 6.500% 3,704.71
Group I SubGrp II 0000439027 122,536.37 01-Apr-2005 5 9.245% 6,240.95
Group I SubGrp II 0000439115 114,597.37 01-May-2005 4 8.125% 4,361.70
Group I SubGrp II 0000439132 113,442.98 01-May-2005 4 7.870% 4,173.02
Group I SubGrp II 0000439151 111,792.37 01-May-2005 4 6.385% 3,281.73
Group I SubGrp II 0000439168 111,123.40 01-Apr-2005 5 7.870% 4,767.32
Group I SubGrp II 0000439204 107,660.10 01-Jun-2005 3 5.750% 2,350.03
Group I SubGrp II 0000439210 108,000.00 01-Jun-2005 3 8.000% 3,375.00
Group I SubGrp II 0000439223 106,883.42 01-Jun-2005 3 8.765% 3,676.44
Group I SubGrp II 0000439253 103,914.58 01-Apr-2005 5 6.990% 3,924.17
Group I SubGrp II 0000439353 95,715.08 01-Jun-2005 3 8.245% 3,084.74
Group I SubGrp II 0000439363 95,000.00 01-Apr-2005 5 7.245% 3,737.86
Group I SubGrp II 0000439372 94,459.25 01-Apr-2005 5 10.120% 5,293.72
Group I SubGrp II 0000439556 79,894.87 01-May-2005 4 8.120% 3,038.88
Group I SubGrp II 0000439584 77,832.79 01-Jun-2005 3 7.750% 2,347.79
Group I SubGrp II 0000439708 67,925.36 01-May-2005 4 8.995% 2,881.08
Group I SubGrp II 0000439711 67,855.09 01-Jun-2005 3 7.750% 2,046.82
Group I SubGrp II 0000439852 58,325.32 01-Apr-2005 5 7.125% 1,926.56
Group I SubGrp II 0000439854 58,197.00 01-Mar-2005 6 8.750% 2,394.32
Group I SubGrp II 0000439858 57,564.20 01-Apr-2005 5 8.375% 2,639.57
Group I SubGrp II 0000439879 55,931.46 01-May-2005 4 8.500% 2,233.79
Group I SubGrp II 0000442352 80,693.00 01-May-2005 4 7.750% 2,919.88
Group I SubGrp II 0000442587 75,909.92 01-Jun-2005 3 8.625% 2,566.77
Group I SubGrp II 0000442595 71,892.72 01-Jun-2005 3 7.500% 2,093.69
Group I SubGrp II 0000442629 51,300.00 01-Apr-2005 5 9.495% 2,687.74
Group I SubGrp II 0000442643 42,213.58 01-May-2005 4 6.745% 1,315.24
Group I SubGrp II 0000442802 80,964.12 01-May-2005 4 9.995% 3,839.42
Group I SubGrp II 0000442837 74,517.16 01-Jun-2005 3 6.995% 2,013.25
Group I SubGrp II 0000443204 136,279.89 01-Apr-2005 5 6.635% 4,864.03
Group I SubGrp II 0000443293 48,718.69 01-May-2005 4 6.990% 1,577.60
Group I SubGrp II 0000443304 47,575.97 01-Apr-2005 5 9.375% 2,459.27
Group I SubGrp II 0000443436 35,086.04 01-Apr-2005 5 10.495% 2,043.16
Grp II SubGrp I 0000437945 391,023.48 01-May-2005 4 8.495% 15,606.87
Grp II SubGrp II 0000434172 351,512.54 01-Apr-2005 5 6.350% 11,961.36
Grp II SubGrp II 0000434383 171,712.97 01-May-2005 4 6.990% 5,560.41
Grp II SubGrp II 0000435598 525,000.00 01-Mar-2005 6 7.625% 21,820.33
Grp II SubGrp II 0000437181 439,630.34 01-Apr-2005 5 6.875% 16,306.88
Grp II SubGrp II 0000437840 512,800.00 01-Feb-2005 7 7.495% 17,935.14
Grp II SubGrp II 0000437935 398,147.99 01-Jun-2005 3 7.740% 11,993.33
Grp II SubGrp II 0000437943 390,983.77 01-Jun-2005 3 6.760% 10,180.19
Grp II SubGrp II 0000437986 363,678.54 01-Apr-2005 5 6.620% 12,948.39
Grp II SubGrp II 0000438088 305,483.87 01-May-2005 4 6.870% 9,708.78
Grp II SubGrp II 0000438210 251,760.43 01-Apr-2005 5 6.240% 8,405.37
Grp II SubGrp II 0000438283 229,843.42 01-Jun-2005 3 7.120% 6,329.43
Grp II SubGrp II 0000438323 217,958.08 01-Jun-2005 3 6.995% 5,888.54
Grp II SubGrp II 0000438367 207,674.50 01-Jun-2005 3 7.250% 5,831.58
Grp II SubGrp II 0000438477 187,885.99 01-Apr-2005 5 8.495% 8,746.27
Grp II SubGrp II 0000438563 173,285.27 01-May-2005 4 6.500% 5,186.58
Grp II SubGrp II 0000442738 163,600.00 01-Jun-2005 3 6.745% 4,257.00
Grp II SubGrp II 0000442944 456,000.00 01-Jul-2005 2 6.990% 9,864.80
Grp II SubGrp II 0000443532 283,500.00 01-Aug-2005 1 6.625% 4,341.09
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Gross Coupon 7.180818%
Weighted Average Net Coupon 6.680818%
Weighted Average Pass-Through Rate 6.663818%
Weighted Average Maturity(Stepdown Calculation) 343
Beginning Scheduled Collateral Loan Count 6,204
Number Of Loans Paid In Full 151
Ending Scheduled Collateral Loan Count 6,053
Beginning Scheduled Collateral Balance 963,791,044.28
Ending Scheduled Collateral Balance 933,584,238.16
Ending Actual Collateral Balance at 31-Oct-2005 934,220,112.61
Monthly P&I Constant 6,311,961.50
Special Servicing Fee 0.00
Prepayment Penalties 489,593.30
Realized Loss Amount 5,438.78
Cumulative Realized Loss 5,468.38
Scheduled Principal 544,621.38
Unscheduled Principal 29,662,184.74
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 5,438.78
Overcollateralized reduction Amount 0.00
Specified O/C Amount 5,454,025.98
Overcollateralized Amount 5,454,025.98
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 5,438.78
Excess Cash Amount 0.00
COLLATERAL STATEMENT
Collateral Description Fixed Mixed & ARM & Balloon
Weighted Average Coupon Rate 7.180818%
Weighted Average Net Rate 6.680818%
Weighted Average Pass Through Rate 6.663818%
Weighted Average Maturity 343
Record Date 10/31/2005
Principal and Interest Constant 6,311,961.50
Beginning Loan Count 6,204
Loans Paid in Full 151
Ending Loan Count 6,053
Beginning Scheduled Balance 963,791,044.28
Ending Scheduled Balance 933,584,238.16
Ending Actual Balance at 31-Oct-2005 934,220,112.61
Scheduled Principal 544,621.38
Unscheduled Principal 29,662,184.74
Scheduled Interest 5,767,340.12
Servicing Fee 401,579.63
Master Servicing Fee 2,409.50
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 11,244.25
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 5,352,106.74
Realized Loss Amount 5,438.78
Cumulative Realized Loss 5,468.38
Percentage of Cumulative Losses 0.0005
Special Servicing Fee 0.00
Prepayment Penalties 489,593.30
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 5,438.78
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 5,454,025.98
Overcollateralized Amount 5,454,025.98
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Over Collateralization Amount 5,454,025.98
OC Deficiency Amount 0.00
OC Increase Amount 5,438.78
OC Reduction Amount 0.00
Target OC Amount 5,454,025.98
Group Level Collateral Statement
Group Group I SubGrp I Group I SubGrp II Grp II SubGrp I
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.516036 7.232044 8.315734
Weighted Average Net Rate 8.016037 6.732044 7.815734
Weighted Average Maturity 289 353 353
Beginning Loan Count 1,342 3,083 570
Loans Paid In Full 22 79 13
Ending Loan Count 1,320 3,004 557
Beginning Scheduled Balance 92,900,471.70 428,245,332.94 59,059,022.74
Ending Scheduled Balance 90,961,098.48 413,659,719.52 57,615,665.48
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 735,295.02 2,860,281.56 449,723.06
Scheduled Principal 76,008.53 279,373.84 40,457.10
Unscheduled Principal 1,863,364.69 14,306,239.58 1,402,900.16
Scheduled Interest 659,286.49 2,580,907.72 409,265.96
Servicing Fees 38,708.51 178,435.56 24,607.94
Master Servicing Fees 232.25 1,070.64 147.64
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 1,083.85 4,996.19 689.03
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 619,261.88 2,396,405.33 383,821.35
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 29.60
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 7.999036 6.715044 7.798734
Group Level Collateral Statement
Group Grp II SubGrp II Total
Collateral Description Mixed ARM Fixed Mixed & ARM & Balloon
Weighted Average Coupon Rate 6.625514 7.180818
Weighted Average Net Rate 6.125514 6.680818
Weighted Average Maturity 287 343
Beginning Loan Count 1,209 6,204
Loans Paid In Full 37 151
Ending Loan Count 1,172 6,053
Beginning Scheduled Balance 383,586,216.90 963,791,044.28
Ending scheduled Balance 371,347,754.68 933,584,238.16
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 2,266,661.86 6,311,961.50
Scheduled Principal 148,781.91 544,621.38
Unscheduled Principal 12,089,680.31 29,662,184.74
Scheduled Interest 2,117,879.95 5,767,340.12
Servicing Fees 159,827.62 401,579.63
Master Servicing Fees 958.97 2,409.50
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 4,475.18 11,244.25
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 1,952,618.18 5,352,106.74
Realized Loss Amount 5,438.78 5,438.78
Cumulative Realized Loss 5,438.78 5,468.38
Percentage of Cumulative Losses 0.0013 0.0005
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.108514 6.663818
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>
Group I SubGrp I 22 1,868,008.00 1,857,617.45 0 0.00 0.00
Group I SubGrp II 78 14,215,225.00 14,155,801.45 0 0.00 0.00
Grp II SubGrp I 13 1,403,379.00 1,397,221.97 0 0.00 0.00
Grp II SubGrp II 36 11,972,826.00 11,932,740.75 0 0.00 0.00
Total 149 29,459,438.00 29,343,381.62 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>
Group I SubGrp I 0 0.00 0.00 0 0.00 0.00 7,183.27
Group I SubGrp II 0 0.00 0.00 1 140,000.00 139,403.45 19,402.02
Grp II SubGrp I 0 0.00 0.00 0 0.00 0.00 6,507.82
Grp II SubGrp II 0 0.00 0.00 1 164,700.00 164,119.85 (1,473.99)
Total 0 0.00 0.00 2 304,700.00 303,523.30 31,619.12
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>
Group I SubGrp I 0000433057 TX 100.00 01-Feb-2005 35,124.00 34,949.46
Group I SubGrp I 0000433992 CA 87.69 01-Mar-2005 45,000.00 44,794.40
Group I SubGrp I 0000434388 NV 84.09 01-Apr-2005 166,500.00 165,330.31
Group I SubGrp I 0000434415 FL 90.00 01-Apr-2005 153,000.00 152,071.48
Group I SubGrp I 0000434461 WA 80.00 01-Feb-2005 137,200.00 135,783.97
Group I SubGrp I 0000434523 FL 66.67 01-Apr-2005 120,000.00 117,945.90
Group I SubGrp I 0000435725 CA 100.00 01-Apr-2005 56,950.00 56,694.01
Group I SubGrp I 0000435783 CA 100.00 01-Oct-2004 66,580.00 66,097.14
Group I SubGrp I 0000435858 WA 99.97 01-Apr-2005 37,150.00 37,051.80
Group I SubGrp I 0000436185 AZ 100.00 01-Apr-2005 30,730.00 30,529.10
Group I SubGrp I 0000437509 CA 100.00 01-Apr-2005 79,400.00 79,125.58
Group I SubGrp I 0000437613 CA 100.00 01-May-2005 56,000.00 55,863.84
Group I SubGrp I 0000438358 CA 79.79 01-Apr-2005 211,434.00 210,161.24
Group I SubGrp I 0000438772 AZ 62.34 01-Apr-2005 146,500.00 145,383.39
Group I SubGrp I 0000439171 CA 100.00 01-Mar-2005 111,000.00 110,630.01
Group I SubGrp I 0000440086 AZ 100.00 01-Apr-2005 32,000.00 31,870.56
Group I SubGrp I 0000440119 AZ 100.00 01-Apr-2005 28,840.00 28,755.05
Group I SubGrp I 0000441594 CA 100.00 01-Apr-2005 65,400.00 65,202.11
Group I SubGrp I 0000441597 CA 100.00 01-Apr-2005 60,000.00 59,730.29
Group I SubGrp I 0000442753 IL 85.75 01-May-2005 137,200.00 136,473.69
Group I SubGrp I 0000442925 PA 64.00 01-May-2005 32,000.00 31,874.70
Group I SubGrp I 0000443520 CA 100.00 01-May-2005 60,000.00 59,863.39
Group I SubGrp II 0000433590 NY 90.43 01-Feb-2005 189,900.00 188,140.80
Group I SubGrp II 0000433641 MD 85.00 01-Feb-2005 195,500.00 195,500.00
Group I SubGrp II 0000433929 CA 64.62 01-Mar-2005 126,000.00 124,820.92
Group I SubGrp II 0000433997 AZ 85.00 01-Mar-2005 193,800.00 193,738.43
Group I SubGrp II 0000434050 NJ 90.00 01-Apr-2005 139,500.00 138,195.20
Group I SubGrp II 0000434084 CA 72.38 01-Apr-2005 152,000.00 151,318.06
Group I SubGrp II 0000434216 IL 95.00 01-Apr-2005 294,500.00 294,500.00
Group I SubGrp II 0000434245 CA 70.00 01-Apr-2005 269,500.00 267,311.45
Group I SubGrp II 0000434273 CA 90.00 01-Apr-2005 243,000.00 243,000.00
Group I SubGrp II 0000434348 CA 50.14 01-Mar-2005 185,000.00 183,720.44
Group I SubGrp II 0000434356 CA 85.00 01-Apr-2005 182,750.00 181,743.74
Group I SubGrp II 0000434413 NC 80.00 01-Apr-2005 153,600.00 153,600.00
Group I SubGrp II 0000434456 NV 80.00 01-Apr-2005 139,200.00 139,200.00
Group I SubGrp II 0000434481 CA 77.65 01-Apr-2005 132,000.00 130,979.53
Group I SubGrp II 0000434494 AZ 94.81 01-Mar-2005 128,000.00 127,105.92
Group I SubGrp II 0000434519 CA 69.14 01-Apr-2005 121,000.00 120,000.67
Group I SubGrp II 0000434591 FL 78.13 01-Apr-2005 100,000.00 99,300.80
Group I SubGrp II 0000434631 OR 85.00 01-Apr-2005 88,400.00 87,935.55
Group I SubGrp II 0000435040 NY 63.50 01-Apr-2005 254,000.00 252,283.37
Group I SubGrp II 0000435081 FL 75.00 01-Apr-2005 236,250.00 234,885.54
Group I SubGrp II 0000435165 PA 100.00 01-Apr-2005 98,000.00 96,987.16
Group I SubGrp II 0000435613 CA 95.00 01-Apr-2005 313,500.00 311,189.31
Group I SubGrp II 0000435706 CA 80.00 01-Apr-2005 352,000.00 351,800.00
Group I SubGrp II 0000435859 WA 79.99 01-Apr-2005 148,700.00 148,700.00
Group I SubGrp II 0000436186 AZ 80.00 01-Apr-2005 122,920.00 121,967.60
Group I SubGrp II 0000436894 OH 100.00 01-May-2005 116,900.00 116,850.00
Group I SubGrp II 0000437507 CA 85.00 01-Apr-2005 119,000.00 118,202.01
Group I SubGrp II 0000437583 CA 94.47 01-Apr-2005 222,000.00 222,000.00
Group I SubGrp II 0000437683 WA 80.00 01-May-2005 249,600.00 248,032.68
Group I SubGrp II 0000437748 CA 80.00 01-Apr-2005 328,000.00 328,000.00
Group I SubGrp II 0000438009 AZ 90.00 01-Apr-2005 351,000.00 348,179.37
Group I SubGrp II 0000438013 NY 60.34 01-Apr-2005 350,000.00 347,540.70
Group I SubGrp II 0000438023 CA 90.00 01-Apr-2005 343,800.00 341,907.11
Group I SubGrp II 0000438076 HI 85.00 01-Apr-2005 312,800.00 310,901.74
Group I SubGrp II 0000438130 CA 87.12 01-Mar-2005 287,500.00 287,500.00
Group I SubGrp II 0000438131 DC 90.00 01-Apr-2005 287,100.00 285,809.32
Group I SubGrp II 0000438154 NJ 90.00 01-Apr-2005 274,500.00 273,029.03
Group I SubGrp II 0000438194 MD 90.00 01-Apr-2005 258,300.00 257,047.61
Group I SubGrp II 0000438221 IL 90.00 01-Apr-2005 249,300.00 248,180.40
Group I SubGrp II 0000438225 CA 80.00 01-Apr-2005 248,000.00 246,637.34
Group I SubGrp II 0000438269 SC 90.00 01-Apr-2005 234,000.00 232,647.15
Group I SubGrp II 0000438279 AZ 90.00 01-Apr-2005 231,300.00 229,998.21
Group I SubGrp II 0000438298 MN 90.00 01-Apr-2005 227,970.00 227,046.76
Group I SubGrp II 0000438334 MD 80.00 01-Apr-2005 215,988.00 214,346.77
Group I SubGrp II 0000438501 AZ 90.00 01-Apr-2005 184,500.00 183,459.58
Group I SubGrp II 0000438572 NC 75.00 01-Apr-2005 172,500.00 171,399.34
Group I SubGrp II 0000438648 CA 90.00 01-Apr-2005 163,800.00 163,800.00
Group I SubGrp II 0000438678 FL 36.36 01-Jan-2005 160,000.00 158,246.73
Group I SubGrp II 0000438784 FL 80.00 01-Apr-2005 144,800.00 143,734.74
Group I SubGrp II 0000438881 MN 90.00 01-Apr-2005 135,000.00 134,200.74
Group I SubGrp II 0000439018 VA 80.00 01-Apr-2005 123,200.00 122,413.94
Group I SubGrp II 0000439044 AZ 80.00 01-Apr-2005 120,800.00 120,135.55
Group I SubGrp II 0000439065 AZ 80.00 01-Apr-2005 119,200.00 118,432.68
Group I SubGrp II 0000439084 SC 80.00 01-Apr-2005 117,600.00 116,517.86
Group I SubGrp II 0000439208 WA 80.00 01-Apr-2005 108,000.00 107,239.28
Group I SubGrp II 0000439209 IL 80.00 01-Apr-2005 108,000.00 107,375.21
Group I SubGrp II 0000439346 MS 65.00 01-Feb-2005 96,525.00 95,643.31
Group I SubGrp II 0000439465 ID 77.78 01-Apr-2005 87,500.00 86,870.36
Group I SubGrp II 0000439822 FL 21.82 01-Apr-2005 60,000.00 59,716.36
Group I SubGrp II 0000441468 NY 90.00 01-Apr-2005 279,000.00 277,428.23
Group I SubGrp II 0000441486 CA 95.00 01-Apr-2005 256,500.00 256,500.00
Group I SubGrp II 0000442217 CA 70.00 01-Apr-2005 350,000.00 350,000.00
Group I SubGrp II 0000442222 CA 90.00 01-Apr-2005 229,500.00 229,499.69
Group I SubGrp II 0000442296 IL 79.13 01-May-2005 182,000.00 181,035.62
Group I SubGrp II 0000442303 AZ 85.00 01-May-2005 158,950.00 158,186.74
Group I SubGrp II 0000442545 AZ 79.67 01-May-2005 98,000.00 97,440.37
Group I SubGrp II 0000442735 CA 45.33 01-Apr-2005 170,000.00 168,714.13
Group I SubGrp II 0000442801 FL 76.60 01-May-2005 81,822.00 81,333.41
Group I SubGrp II 0000442887 VA 90.00 01-May-2005 66,150.00 65,870.32
Group I SubGrp II 0000442961 MO 85.00 01-May-2005 31,450.00 31,259.41
Group I SubGrp II 0000442985 AZ 90.00 01-May-2005 229,500.00 228,143.37
Group I SubGrp II 0000443011 AZ 80.00 01-May-2005 143,200.00 142,362.14
Group I SubGrp II 0000443054 IL 90.00 01-May-2005 67,500.00 67,271.79
Group I SubGrp II 0000443193 FL 80.00 01-May-2005 144,000.00 143,198.44
Group I SubGrp II 0000443395 WI 90.00 01-Apr-2005 40,500.00 40,246.65
Group I SubGrp II 0000447458 WI 80.00 01-Apr-2005 132,000.00 131,310.21
Group I SubGrp II 0000447473 MI 80.00 01-May-2005 140,000.00 139,301.75
Group I SubGrp II 0000447516 MI 75.00 01-Apr-2005 77,250.00 76,917.41
Group I SubGrp II 0000447521 MO 80.00 01-Apr-2005 110,400.00 109,851.51
Grp II SubGrp I 0000433947 IL 100.00 01-Mar-2005 40,822.00 40,640.12
Grp II SubGrp I 0000434270 NJ 80.00 01-Feb-2005 246,400.00 244,519.00
Grp II SubGrp I 0000435636 CA 100.00 01-Apr-2005 77,000.00 76,576.08
Grp II SubGrp I 0000436190 NV 100.00 01-Mar-2005 128,708.00 127,948.62
Grp II SubGrp I 0000437505 CA 100.00 01-Apr-2005 84,000.00 83,738.96
Grp II SubGrp I 0000438397 VA 75.00 01-Apr-2005 203,249.00 202,129.97
Grp II SubGrp I 0000438543 HI 80.00 01-Apr-2005 176,000.00 175,062.77
Grp II SubGrp I 0000439808 CA 100.00 01-Apr-2005 61,200.00 60,976.54
Grp II SubGrp I 0000440004 CA 100.00 01-Apr-2005 45,000.00 44,835.71
Grp II SubGrp I 0000440215 MD 100.00 01-Apr-2005 25,000.00 24,932.08
Grp II SubGrp I 0000442173 CA 100.00 01-Apr-2005 100,000.00 99,654.33
Grp II SubGrp I 0000443267 CA 100.00 01-Mar-2005 96,000.00 95,713.06
Grp II SubGrp I 0000443579 CA 100.00 01-Apr-2005 120,000.00 119,665.10
Grp II SubGrp II 0000433052 CA 80.00 01-Feb-2005 268,480.00 268,480.00
Grp II SubGrp II 0000433639 VA 80.00 01-Feb-2005 372,400.00 372,400.00
Grp II SubGrp II 0000433866 AZ 90.00 01-Apr-2005 413,910.00 410,597.78
Grp II SubGrp II 0000433948 IL 80.00 01-Mar-2005 163,288.00 161,648.65
Grp II SubGrp II 0000434120 CA 69.07 01-Apr-2005 518,000.00 516,783.59
Grp II SubGrp II 0000434122 CA 85.00 01-Apr-2005 510,000.00 510,000.00
Grp II SubGrp II 0000434177 CA 80.00 01-Mar-2005 344,000.00 341,273.61
Grp II SubGrp II 0000434179 CA 95.00 01-Apr-2005 342,000.00 339,902.48
Grp II SubGrp II 0000434290 CA 80.00 01-Apr-2005 228,960.00 228,960.00
Grp II SubGrp II 0000435048 MA 79.48 01-Apr-2005 550,000.00 546,354.42
Grp II SubGrp II 0000435136 CA 80.00 01-Apr-2005 213,600.00 212,070.26
Grp II SubGrp II 0000435651 CA 80.00 01-Apr-2005 240,000.00 239,816.26
Grp II SubGrp II 0000436191 NV 80.00 01-Mar-2005 514,828.00 514,828.00
Grp II SubGrp II 0000437487 CA 80.00 01-Apr-2005 196,000.00 194,623.12
Grp II SubGrp II 0000437506 CA 80.00 01-Apr-2005 336,000.00 336,000.00
Grp II SubGrp II 0000437614 CA 80.00 01-May-2005 224,000.00 224,000.00
Grp II SubGrp II 0000437800 NY 90.00 01-Apr-2005 594,000.00 594,000.00
Grp II SubGrp II 0000437812 NJ 89.29 01-Apr-2005 567,000.00 563,382.17
Grp II SubGrp II 0000437888 CA 75.00 01-Apr-2005 442,500.00 439,235.29
Grp II SubGrp II 0000437965 CA 67.50 01-Apr-2005 378,000.00 374,490.72
Grp II SubGrp II 0000437991 NY 73.47 01-Apr-2005 360,000.00 357,409.40
Grp II SubGrp II 0000438022 CA 80.00 01-Apr-2005 343,920.00 341,613.65
Grp II SubGrp II 0000438108 NJ 80.00 01-Apr-2005 296,000.00 293,920.61
Grp II SubGrp II 0000438410 FL 80.00 01-May-2005 200,720.00 199,459.59
Grp II SubGrp II 0000438640 CO 90.00 01-Apr-2005 164,250.00 163,204.39
Grp II SubGrp II 0000441728 CA 80.00 01-Apr-2005 261,600.00 261,600.00
Grp II SubGrp II 0000441731 CA 80.00 01-Apr-2005 240,000.00 239,942.50
Grp II SubGrp II 0000442684 CA 80.00 01-May-2005 432,000.00 429,412.87
Grp II SubGrp II 0000442946 FL 90.00 01-Apr-2005 451,800.00 451,800.00
Grp II SubGrp II 0000443176 TX 90.00 01-Apr-2005 164,700.00 164,034.33
Grp II SubGrp II 0000443545 CA 80.00 01-May-2005 240,000.00 240,000.00
Grp II SubGrp II 0000443595 CA 80.00 01-Apr-2005 480,000.00 476,756.01
Grp II SubGrp II 0000447492 KS 80.00 01-May-2005 189,570.00 188,999.05
Grp II SubGrp II 0000447502 IL 80.00 01-May-2005 169,600.00 168,570.40
Grp II SubGrp II 0000447528 MI 85.00 01-May-2005 204,000.00 203,185.68
Grp II SubGrp II 0000447560 CO 80.00 01-Apr-2005 350,400.00 350,400.00
Grp II SubGrp II 0000447567 NV 80.00 01-Apr-2005 172,000.00 171,999.47
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>
Group I SubGrp I 0000433057 Loan Paid in Full 0 9.625% 180 9
Group I SubGrp I 0000433992 Loan Paid in Full 0 9.500% 240 8
Group I SubGrp I 0000434388 Loan Paid in Full 0 6.750% 360 7
Group I SubGrp I 0000434415 Loan Paid in Full 0 7.500% 360 7
Group I SubGrp I 0000434461 Loan Paid in Full 0 5.990% 360 9
Group I SubGrp I 0000434523 Loan Paid in Full 0 6.250% 240 7
Group I SubGrp I 0000435725 Loan Paid in Full 0 8.990% 360 7
Group I SubGrp I 0000435783 Loan Paid in Full 0 9.500% 180 13
Group I SubGrp I 0000435858 Loan Paid in Full 0 11.500% 360 7
Group I SubGrp I 0000436185 Loan Paid in Full 0 8.500% 180 7
Group I SubGrp I 0000437509 Loan Paid in Full 0 10.250% 180 7
Group I SubGrp I 0000437613 Loan Paid in Full (1) 11.250% 180 6
Group I SubGrp I 0000438358 Loan Paid in Full 0 7.875% 360 7
Group I SubGrp I 0000438772 Loan Paid in Full 0 6.500% 360 7
Group I SubGrp I 0000439171 Loan Paid in Full 0 11.000% 180 8
Group I SubGrp I 0000440086 Loan Paid in Full (1) 9.500% 180 7
Group I SubGrp I 0000440119 Loan Paid in Full 0 11.000% 180 7
Group I SubGrp I 0000441594 Loan Paid in Full 0 10.875% 180 7
Group I SubGrp I 0000441597 Loan Paid in Full 0 8.990% 180 7
Group I SubGrp I 0000442753 Loan Paid in Full 0 7.500% 360 6
Group I SubGrp I 0000442925 Loan Paid in Full 0 8.995% 360 6
Group I SubGrp I 0000443520 Loan Paid in Full 0 11.550% 180 6
Group I SubGrp II 0000433590 Loan Paid in Full 0 6.500% 360 9
Group I SubGrp II 0000433641 Loan Paid in Full 0 8.375% 360 9
Group I SubGrp II 0000433929 Loan Paid in Full 0 5.875% 360 8
Group I SubGrp II 0000433997 Loan Paid in Full 0 7.625% 360 8
Group I SubGrp II 0000434050 Loan Paid in Full 0 6.150% 360 7
Group I SubGrp II 0000434084 Loan Paid in Full 0 9.000% 360 7
Group I SubGrp II 0000434216 Loan Paid in Full 0 6.750% 360 7
Group I SubGrp II 0000434245 Loan Paid in Full 0 5.990% 360 7
Group I SubGrp II 0000434273 Loan Paid in Full 0 5.950% 360 7
Group I SubGrp II 0000434348 Loan Paid in Full 0 7.450% 360 8
Group I SubGrp II 0000434356 Loan Paid in Full 0 7.990% 360 7
Group I SubGrp II 0000434413 Loan Paid in Full 0 6.900% 360 7
Group I SubGrp II 0000434456 Loan Paid in Full (1) 7.250% 360 7
Group I SubGrp II 0000434481 Loan Paid in Full 0 6.250% 360 7
Group I SubGrp II 0000434494 Loan Paid in Full 0 7.400% 360 8
Group I SubGrp II 0000434519 Loan Paid in Full 0 5.900% 360 7
Group I SubGrp II 0000434591 Loan Paid in Full 0 6.775% 360 7
Group I SubGrp II 0000434631 Loan Paid in Full 0 8.325% 360 7
Group I SubGrp II 0000435040 Loan Paid in Full 0 6.950% 360 7
Group I SubGrp II 0000435081 Loan Paid in Full 0 7.750% 360 7
Group I SubGrp II 0000435165 Loan Paid in Full 0 9.400% 360 7
Group I SubGrp II 0000435613 Loan Paid in Full 0 6.500% 360 7
Group I SubGrp II 0000435706 Loan Paid in Full 0 5.625% 360 7
Group I SubGrp II 0000435859 Loan Paid in Full 0 7.125% 360 7
Group I SubGrp II 0000436186 Loan Paid in Full 0 6.750% 360 7
Group I SubGrp II 0000436894 Loan Paid in Full 0 8.990% 360 6
Group I SubGrp II 0000437507 Loan Paid in Full 0 6.990% 360 7
Group I SubGrp II 0000437583 Loan Paid in Full (1) 6.990% 360 7
Group I SubGrp II 0000437683 Loan Paid in Full 0 6.625% 360 6
Group I SubGrp II 0000437748 Loan Paid in Full 0 6.500% 360 7
Group I SubGrp II 0000438009 Loan Paid in Full 0 6.875% 360 7
Group I SubGrp II 0000438013 Loan Paid in Full (1) 7.120% 360 7
Group I SubGrp II 0000438023 Loan Paid in Full 0 7.990% 360 7
Group I SubGrp II 0000438076 Loan Paid in Full 0 7.500% 360 7
Group I SubGrp II 0000438130 Loan Paid in Full 0 5.900% 360 8
Group I SubGrp II 0000438131 Loan Paid in Full 0 8.990% 360 7
Group I SubGrp II 0000438154 Loan Paid in Full 0 8.125% 360 7
Group I SubGrp II 0000438194 Loan Paid in Full 0 8.620% 360 7
Group I SubGrp II 0000438221 Loan Paid in Full 0 8.995% 360 7
Group I SubGrp II 0000438225 Loan Paid in Full 1 8.000% 360 7
Group I SubGrp II 0000438269 Loan Paid in Full 0 7.745% 360 7
Group I SubGrp II 0000438279 Loan Paid in Full 0 7.880% 360 7
Group I SubGrp II 0000438298 Loan Paid in Full 0 9.495% 360 7
Group I SubGrp II 0000438334 Loan Paid in Full 0 6.640% 360 7
Group I SubGrp II 0000438501 Loan Paid in Full 0 7.870% 360 7
Group I SubGrp II 0000438572 Loan Paid in Full 2 7.245% 360 7
Group I SubGrp II 0000438648 Loan Paid in Full 0 6.750% 360 7
Group I SubGrp II 0000438678 Loan Paid in Full 0 6.130% 360 10
Group I SubGrp II 0000438784 Loan Paid in Full 0 6.510% 360 7
Group I SubGrp II 0000438881 Loan Paid in Full 0 7.625% 360 7
Group I SubGrp II 0000439018 Loan Paid in Full 0 7.245% 360 7
Group I SubGrp II 0000439044 Loan Paid in Full 1 7.995% 360 7
Group I SubGrp II 0000439065 Loan Paid in Full 0 7.200% 360 7
Group I SubGrp II 0000439084 Loan Paid in Full (1) 8.120% 360 7
Group I SubGrp II 0000439208 Loan Paid in Full (1) 6.995% 360 7
Group I SubGrp II 0000439209 Loan Paid in Full 0 7.745% 360 7
Group I SubGrp II 0000439346 Loan Paid in Full 0 7.990% 360 9
Group I SubGrp II 0000439465 Loan Paid in Full 3 6.625% 360 7
Group I SubGrp II 0000439822 Loan Paid in Full 0 8.745% 360 7
Group I SubGrp II 0000441468 Loan Paid in Full 0 7.875% 360 7
Group I SubGrp II 0000441486 Loan Paid in Full 0 8.250% 360 7
Group I SubGrp II 0000442217 Loan Paid in Full 0 5.450% 360 7
Group I SubGrp II 0000442222 Loan Paid in Full 0 7.975% 360 7
Group I SubGrp II 0000442296 Loan Paid in Full 0 7.495% 360 6
Group I SubGrp II 0000442303 Loan Paid in Full 0 7.990% 360 6
Group I SubGrp II 0000442545 Loan Paid in Full 1 7.120% 360 6
Group I SubGrp II 0000442735 Loan Paid in Full 0 6.635% 360 7
Group I SubGrp II 0000442801 Loan Paid in Full 0 6.885% 360 6
Group I SubGrp II 0000442887 Loan Paid in Full 0 8.620% 360 6
Group I SubGrp II 0000442961 Loan Paid in Full 0 7.990% 360 6
Group I SubGrp II 0000442985 Loan Paid in Full 0 7.245% 360 6
Group I SubGrp II 0000443011 Loan Paid in Full 0 6.990% 360 6
Group I SubGrp II 0000443054 Loan Paid in Full 0 9.745% 360 6
Group I SubGrp II 0000443193 Loan Paid in Full 0 7.245% 360 6
Group I SubGrp II 0000443395 Loan Paid in Full 0 9.745% 360 7
Group I SubGrp II 0000447458 Loan Paid in Full 0 8.250% 360 7
Group I SubGrp II 0000447473 Liquidation 4 7.800% 360 6
Group I SubGrp II 0000447516 Loan Paid in Full 4 9.200% 360 7
Group I SubGrp II 0000447521 Loan Paid in Full 4 8.500% 360 7
Grp II SubGrp I 0000433947 Loan Paid in Full 0 9.625% 180 8
Grp II SubGrp I 0000434270 Loan Paid in Full 0 7.500% 360 9
Grp II SubGrp I 0000435636 Loan Paid in Full 0 7.990% 360 7
Grp II SubGrp I 0000436190 Loan Paid in Full 0 8.250% 180 8
Grp II SubGrp I 0000437505 Loan Paid in Full 0 10.750% 360 7
Grp II SubGrp I 0000438397 Loan Paid in Full 0 7.990% 360 7
Grp II SubGrp I 0000438543 Loan Paid in Full 0 8.240% 360 7
Grp II SubGrp I 0000439808 Loan Paid in Full 0 9.990% 180 7
Grp II SubGrp I 0000440004 Loan Paid in Full 2 9.990% 180 7
Grp II SubGrp I 0000440215 Loan Paid in Full 0 11.375% 180 7
Grp II SubGrp I 0000442173 Loan Paid in Full 0 10.250% 180 7
Grp II SubGrp I 0000443267 Loan Paid in Full 0 11.500% 180 8
Grp II SubGrp I 0000443579 Loan Paid in Full 0 11.250% 180 7
Grp II SubGrp II 0000433052 Loan Paid in Full 0 6.750% 360 9
Grp II SubGrp II 0000433639 Loan Paid in Full 0 7.875% 360 9
Grp II SubGrp II 0000433866 Loan Paid in Full (1) 6.700% 360 7
Grp II SubGrp II 0000433948 Loan Paid in Full 0 5.500% 360 8
Grp II SubGrp II 0000434120 Loan Paid in Full 0 6.500% 360 7
Grp II SubGrp II 0000434122 Loan Paid in Full 0 6.775% 360 7
Grp II SubGrp II 0000434177 Loan Paid in Full 0 6.750% 360 8
Grp II SubGrp II 0000434179 Loan Paid in Full 0 7.450% 360 7
Grp II SubGrp II 0000434290 Loan Paid in Full 0 7.750% 360 7
Grp II SubGrp II 0000435048 Loan Paid in Full 0 7.050% 360 7
Grp II SubGrp II 0000435136 Loan Paid in Full 0 6.650% 360 7
Grp II SubGrp II 0000435651 Loan Paid in Full 0 7.375% 360 7
Grp II SubGrp II 0000436191 Loan Paid in Full 0 5.750% 360 8
Grp II SubGrp II 0000437487 Loan Paid in Full (1) 6.750% 360 7
Grp II SubGrp II 0000437506 Loan Paid in Full 0 7.500% 360 7
Grp II SubGrp II 0000437614 Loan Paid in Full (1) 6.375% 360 6
Grp II SubGrp II 0000437800 Loan Paid in Full (1) 6.370% 360 7
Grp II SubGrp II 0000437812 Loan Paid in Full 0 7.245% 360 7
Grp II SubGrp II 0000437888 Loan Paid in Full (1) 6.495% 360 7
Grp II SubGrp II 0000437965 Loan Paid in Full 0 5.270% 360 7
Grp II SubGrp II 0000437991 Loan Paid in Full 0 6.625% 360 7
Grp II SubGrp II 0000438022 Loan Paid in Full 0 6.990% 360 7
Grp II SubGrp II 0000438108 Loan Paid in Full 0 6.750% 360 7
Grp II SubGrp II 0000438410 Loan Paid in Full 0 6.625% 360 6
Grp II SubGrp II 0000438640 Loan Paid in Full 0 8.370% 360 7
Grp II SubGrp II 0000441728 Loan Paid in Full 0 7.800% 360 7
Grp II SubGrp II 0000441731 Loan Paid in Full 0 5.650% 360 7
Grp II SubGrp II 0000442684 Loan Paid in Full 0 6.870% 360 6
Grp II SubGrp II 0000442946 Loan Paid in Full 0 7.250% 360 7
Grp II SubGrp II 0000443176 Liquidation 2 9.505% 360 7
Grp II SubGrp II 0000443545 Loan Paid in Full 0 6.375% 360 6
Grp II SubGrp II 0000443595 Loan Paid in Full 0 6.950% 360 7
Grp II SubGrp II 0000447492 Loan Paid in Full 0 10.250% 360 6
Grp II SubGrp II 0000447502 Loan Paid in Full 1 6.800% 360 6
Grp II SubGrp II 0000447528 Loan Paid in Full 4 8.900% 360 6
Grp II SubGrp II 0000447560 Loan Paid in Full 5 8.350% 360 7
Grp II SubGrp II 0000447567 Loan Paid in Full 4 8.450% 360 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.079% Current Month 31.294% Current Month 2,213.733%
3 Month Average 3.272% 3 Month Average 32.883% 3 Month Average 2,757.629%
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 8.291% N/A May-2005 3,829.585% N/A
Jun-2005 11.449% N/A Jun-2005 2,762.838% N/A
Jul-2005 16.858% N/A Jul-2005 2,745.248% N/A
Aug-2005 20.810% N/A Aug-2005 2,556.421% N/A
Sep-2005 31.457% N/A Sep-2005 3,101.705% N/A
Oct-2005 35.896% N/A Oct-2005 2,957.448% N/A
Nov-2005 31.294% N/A Nov-2005 2,213.733% 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.
Group I SubGrp I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.007% Current Month 21.599% Current Month 1,500.870%
3 Month Average 2.590% 3 Month Average 26.790% 3 Month Average 2,203.654%
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 5.030% N/A May-2005 2,050.559% N/A
Jun-2005 5.378% N/A Jun-2005 1,219.814% N/A
Jul-2005 9.444% N/A Jul-2005 1,472.851% N/A
Aug-2005 12.711% N/A Aug-2005 1,511.352% N/A
Sep-2005 23.854% N/A Sep-2005 2,293.604% N/A
Oct-2005 34.915% N/A Oct-2005 2,816.487% N/A
Nov-2005 21.599% N/A Nov-2005 1,500.870% 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.
Group I SubGrp II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.343% Current Month 33.502% Current Month 2,408.624%
3 Month Average 3.479% 3 Month Average 34.612% 3 Month Average 2,968.512%
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 8.919% N/A May-2005 4,579.393% N/A
Jun-2005 9.071% N/A Jun-2005 2,306.020% N/A
Jul-2005 21.178% N/A Jul-2005 3,572.792% N/A
Aug-2005 23.805% N/A Aug-2005 3,003.734% N/A
Sep-2005 35.129% N/A Sep-2005 3,542.281% N/A
Oct-2005 35.205% N/A Oct-2005 2,954.632% N/A
Nov-2005 33.502% N/A Nov-2005 2,408.624% 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.
Grp II SubGrp I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.377% Current Month 25.076% Current Month 1,746.256%
3 Month Average 2.529% 3 Month Average 26.446% 3 Month Average 2,174.502%
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 18.080% N/A May-2005 7,486.034% N/A
Jun-2005 10.695% N/A Jun-2005 2,443.354% N/A
Jul-2005 16.643% N/A Jul-2005 2,609.845% N/A
Aug-2005 10.118% N/A Aug-2005 1,207.714% N/A
Sep-2005 25.199% N/A Sep-2005 2,429.028% N/A
Oct-2005 29.063% N/A Oct-2005 2,348.221% N/A
Nov-2005 25.076% N/A Nov-2005 1,746.256% 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.
Grp II SubGrp II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.153% Current Month 31.917% Current Month 2,233.181%
3 Month Average 3.318% 3 Month Average 33.217% 3 Month Average 2,738.783%
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 6.817% N/A May-2005 2,970.099% N/A
Jun-2005 15.502% N/A Jun-2005 3,618.804% N/A
Jul-2005 13.504% N/A Jul-2005 2,150.120% N/A
Aug-2005 20.738% N/A Aug-2005 2,504.352% N/A
Sep-2005 29.871% N/A Sep-2005 2,901.580% N/A
Oct-2005 37.862% N/A Oct-2005 3,081.588% N/A
Nov-2005 31.917% N/A Nov-2005 2,233.181% 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.
<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>
Group I SubGrp I 0 0.00 0.00 0.000%
Group I SubGrp II 0 0.00 0.00 0.000%
Grp II SubGrp I 0 0.00 0.00 0.000%
Grp II SubGrp II 1 164,455.28 5,438.78 0.001%
Total 1 164,455.28 5,438.78 0.001%
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>
Grp II SubGrp II 0000443176 164,700.00 9.5050% TX 90.00 360
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>
Grp II SubGrp II 0000443176 164,455.28 5,438.78 5,438.78
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.031% Current Month 2.669%
3 Month Average 0.012% 3 Month Average 1.077%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.006% N/A Oct-2005 0.561% N/A
Nov-2005 0.031% N/A Nov-2005 2.669% 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 0.377% Current Month 3.314%
3 Month Average 0.148% 3 Month Average 1.122%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.068% N/A Oct-2005 0.052% N/A
Nov-2005 0.377% N/A Nov-2005 3.314% 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.
Group I SubGrp I
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group I SubGrp II
MDR SDA
<s> <c> <s> <c>
Current Month 0.033% Current Month 2.803%
3 Month Average 0.011% 3 Month Average 0.934%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.033% N/A Nov-2005 2.803% 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 0.390% Current Month 0.000%
3 Month Average 0.130% 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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.390% 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.
Grp II SubGrp I
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.031% 3 Month Average 3.005%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.093% N/A Oct-2005 9.016% 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 0.372% 3 Month Average 0.017%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 1.116% N/A Oct-2005 0.052% 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.
Grp II SubGrp II
MDR SDA
<s> <c> <s> <c>
Current Month 0.043% Current Month 3.584%
3 Month Average 0.014% 3 Month Average 1.195%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.043% N/A Nov-2005 3.584% 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 0.512% Current Month 3.314%
3 Month Average 0.171% 3 Month Average 1.105%
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 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.512% N/A Nov-2005 3.314% 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>