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-RM1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-119047-06
Pooling and Servicing Agreement) (Commission 54-2168042
(State or other File Number) 54-2168043
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On November 25, 2005 a distribution was made to holders of ACE SECURITIES CORP
. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-RM1 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-RM1 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-RM1 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-RM1 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-RM1
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 004421LF8 SEN 4.27750% 210,670,215.40 775,983.26
A-1B 004421LG6 SEN 4.33750% 52,667,900.63 196,718.27
A-2A 004421LH4 SEN 4.16750% 34,682,850.38 124,465.67
A-2B 004421LJ0 SEN 4.30750% 21,497,000.00 79,737.45
A-2C 004421LK7 SEN 4.40750% 16,147,000.00 61,283.47
M-1 004421LL5 SEN 4.49750% 25,094,000.00 97,185.23
M-2 004421LM3 SEN 4.53750% 20,703,000.00 80,892.66
M-3 004421LN1 SEN 4.56750% 12,547,000.00 49,348.92
M-4 004421LP6 SEN 4.71750% 11,606,000.00 47,146.96
M-5 004421LQ4 SEN 4.76750% 10,038,000.00 41,209.48
M-6 004421LR2 SEN 4.83750% 10,038,000.00 41,814.54
M-7 004421LS0 SEN 5.38750% 9,097,000.00 42,203.13
M-8 004421LT8 SEN 5.43750% 6,901,000.00 32,312.49
M-9 004421LU5 SEN 6.03750% 6,274,000.00 32,618.26
B-1 004421LV3 SEN 7.28750% 6,274,000.00 39,371.53
B-2 004421LW1 SEN 7.28750% 9,724,000.00 61,021.48
B-3 004421LX9 SEN 7.28750% 6,901,000.00 43,306.17
P ACE05RM1P SEN 0.00000% 100.00 469,044.41
CE AC05RM1CE SEN 0.00000% 7,214,571.97 850,267.41
R ACE05RM1R SEN 0.00000% 0.00 0.00
Totals 478,076,638.38 3,165,930.79
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 14,084,322.77 0.00 196,585,892.63 14,860,306.03 0.00
A-1B 3,521,103.88 0.00 49,146,796.75 3,717,822.15 0.00
A-2A 3,965,200.56 0.00 30,717,649.82 4,089,666.23 0.00
A-2B 0.00 0.00 21,497,000.00 79,737.45 0.00
A-2C 0.00 0.00 16,147,000.00 61,283.47 0.00
M-1 0.00 0.00 25,094,000.00 97,185.23 0.00
M-2 0.00 0.00 20,703,000.00 80,892.66 0.00
M-3 0.00 0.00 12,547,000.00 49,348.92 0.00
M-4 0.00 0.00 11,606,000.00 47,146.96 0.00
M-5 0.00 0.00 10,038,000.00 41,209.48 0.00
M-6 0.00 0.00 10,038,000.00 41,814.54 0.00
M-7 0.00 0.00 9,097,000.00 42,203.13 0.00
M-8 0.00 0.00 6,901,000.00 32,312.49 0.00
M-9 0.00 0.00 6,274,000.00 32,618.26 0.00
B-1 0.00 0.00 6,274,000.00 39,371.53 0.00
B-2 0.00 0.00 9,724,000.00 61,021.48 0.00
B-3 0.00 0.00 6,901,000.00 43,306.17 0.00
P 0.00 0.00 100.00 469,044.41 0.00
CE 0.00 0.00 7,214,571.97 850,267.41 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 21,570,627.21 0.00 456,506,011.17 24,736,558.00 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 303,754,000.00 210,670,215.40 0.00 14,084,322.77 0.00 0.00
A-1B 75,939,000.00 52,667,900.63 0.00 3,521,103.88 0.00 0.00
A-2A 67,608,000.00 34,682,850.38 0.00 3,965,200.56 0.00 0.00
A-2B 21,497,000.00 21,497,000.00 0.00 0.00 0.00 0.00
A-2C 16,147,000.00 16,147,000.00 0.00 0.00 0.00 0.00
M-1 25,094,000.00 25,094,000.00 0.00 0.00 0.00 0.00
M-2 20,703,000.00 20,703,000.00 0.00 0.00 0.00 0.00
M-3 12,547,000.00 12,547,000.00 0.00 0.00 0.00 0.00
M-4 11,606,000.00 11,606,000.00 0.00 0.00 0.00 0.00
M-5 10,038,000.00 10,038,000.00 0.00 0.00 0.00 0.00
M-6 10,038,000.00 10,038,000.00 0.00 0.00 0.00 0.00
M-7 9,097,000.00 9,097,000.00 0.00 0.00 0.00 0.00
M-8 6,901,000.00 6,901,000.00 0.00 0.00 0.00 0.00
M-9 6,274,000.00 6,274,000.00 0.00 0.00 0.00 0.00
B-1 6,274,000.00 6,274,000.00 0.00 0.00 0.00 0.00
B-2 9,724,000.00 9,724,000.00 0.00 0.00 0.00 0.00
B-3 6,901,000.00 6,901,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 7,211,984.00 7,214,571.97 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 627,354,084.00 478,076,638.38 0.00 21,570,627.21 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 14,084,322.77 196,585,892.63 0.64718783 14,084,322.77
A-1B 3,521,103.88 49,146,796.75 0.64718783 3,521,103.88
A-2A 3,965,200.56 30,717,649.82 0.45434933 3,965,200.56
A-2B 0.00 21,497,000.00 1.00000000 0.00
A-2C 0.00 16,147,000.00 1.00000000 0.00
M-1 0.00 25,094,000.00 1.00000000 0.00
M-2 0.00 20,703,000.00 1.00000000 0.00
M-3 0.00 12,547,000.00 1.00000000 0.00
M-4 0.00 11,606,000.00 1.00000000 0.00
M-5 0.00 10,038,000.00 1.00000000 0.00
M-6 0.00 10,038,000.00 1.00000000 0.00
M-7 0.00 9,097,000.00 1.00000000 0.00
M-8 0.00 6,901,000.00 1.00000000 0.00
M-9 0.00 6,274,000.00 1.00000000 0.00
B-1 0.00 6,274,000.00 1.00000000 0.00
B-2 0.00 9,724,000.00 1.00000000 0.00
B-3 0.00 6,901,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE 0.00 7,214,571.97 1.00035884 0.00
R 0.00 0.00 0.00000000 0.00
Totals 21,570,627.21 456,506,011.17 0.72766883 21,570,627.21
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 303,754,000.00 693.55536190 0.00000000 46.36753021 0.00000000
A-1B 75,939,000.00 693.55536194 0.00000000 46.36753025 0.00000000
A-2A 67,608,000.00 512.99920690 0.00000000 58.64987220 0.00000000
A-2B 21,497,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 16,147,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 25,094,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 20,703,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 12,547,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 11,606,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,038,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 10,038,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 9,097,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 6,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 6,274,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 6,274,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 9,724,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-3 6,901,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 7,211,984.00 1000.35884300 0.00000000 0.00000000 0.00000000
R 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 46.36753021 647.18783170 0.64718783 46.36753021
A-1B 0.00000000 46.36753025 647.18783168 0.64718783 46.36753025
A-2A 0.00000000 58.64987220 454.34933469 0.45434933 58.64987220
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
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 1,000.35884300 1.00035884 0.00000000
R 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 303,754,000.00 4.27750% 210,670,215.40 775,983.26 0.00 0.00
A-1B 75,939,000.00 4.33750% 52,667,900.63 196,718.27 0.00 0.00
A-2A 67,608,000.00 4.16750% 34,682,850.38 124,465.67 0.00 0.00
A-2B 21,497,000.00 4.30750% 21,497,000.00 79,737.45 0.00 0.00
A-2C 16,147,000.00 4.40750% 16,147,000.00 61,283.47 0.00 0.00
M-1 25,094,000.00 4.49750% 25,094,000.00 97,185.23 0.00 0.00
M-2 20,703,000.00 4.53750% 20,703,000.00 80,892.66 0.00 0.00
M-3 12,547,000.00 4.56750% 12,547,000.00 49,348.92 0.00 0.00
M-4 11,606,000.00 4.71750% 11,606,000.00 47,146.96 0.00 0.00
M-5 10,038,000.00 4.76750% 10,038,000.00 41,209.48 0.00 0.00
M-6 10,038,000.00 4.83750% 10,038,000.00 41,814.54 0.00 0.00
M-7 9,097,000.00 5.38750% 9,097,000.00 42,203.13 0.00 0.00
M-8 6,901,000.00 5.43750% 6,901,000.00 32,312.49 0.00 0.00
M-9 6,274,000.00 6.03750% 6,274,000.00 32,618.26 0.00 0.00
B-1 6,274,000.00 7.28750% 6,274,000.00 39,371.53 0.00 0.00
B-2 9,724,000.00 7.28750% 9,724,000.00 61,021.48 0.00 0.00
B-3 6,901,000.00 7.28750% 6,901,000.00 43,306.17 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE 7,211,984.00 0.00000% 7,214,571.97 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 627,354,084.00 1,846,618.97 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 0.00 775,983.26 0.00 196,585,892.63
A-1B 0.00 0.00 196,718.27 0.00 49,146,796.75
A-2A 0.00 0.00 124,465.67 0.00 30,717,649.82
A-2B 0.00 0.00 79,737.45 0.00 21,497,000.00
A-2C 0.00 0.00 61,283.47 0.00 16,147,000.00
M-1 0.00 0.00 97,185.23 0.00 25,094,000.00
M-2 0.00 0.00 80,892.66 0.00 20,703,000.00
M-3 0.00 0.00 49,348.92 0.00 12,547,000.00
M-4 0.00 0.00 47,146.96 0.00 11,606,000.00
M-5 0.00 0.00 41,209.48 0.00 10,038,000.00
M-6 0.00 0.00 41,814.54 0.00 10,038,000.00
M-7 0.00 0.00 42,203.13 0.00 9,097,000.00
M-8 0.00 0.00 32,312.49 0.00 6,901,000.00
M-9 0.00 0.00 32,618.26 0.00 6,274,000.00
B-1 0.00 0.00 39,371.53 0.00 6,274,000.00
B-2 0.00 0.00 61,021.48 0.00 9,724,000.00
B-3 0.00 0.00 43,306.17 0.00 6,901,000.00
P 0.00 0.00 469,044.41 0.00 100.00
CE 0.00 0.00 850,267.41 0.00 7,214,571.97
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,165,930.79 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 303,754,000.00 4.27750% 693.55536190 2.55464376 0.00000000 0.00000000
A-1B 75,939,000.00 4.33750% 693.55536194 2.59047749 0.00000000 0.00000000
A-2A 67,608,000.00 4.16750% 512.99920690 1.84099027 0.00000000 0.00000000
A-2B 21,497,000.00 4.30750% 1000.00000000 3.70923617 0.00000000 0.00000000
A-2C 16,147,000.00 4.40750% 1000.00000000 3.79534712 0.00000000 0.00000000
M-1 25,094,000.00 4.49750% 1000.00000000 3.87284729 0.00000000 0.00000000
M-2 20,703,000.00 4.53750% 1000.00000000 3.90729170 0.00000000 0.00000000
M-3 12,547,000.00 4.56750% 1000.00000000 3.93312505 0.00000000 0.00000000
M-4 11,606,000.00 4.71750% 1000.00000000 4.06229192 0.00000000 0.00000000
M-5 10,038,000.00 4.76750% 1000.00000000 4.10534768 0.00000000 0.00000000
M-6 10,038,000.00 4.83750% 1000.00000000 4.16562463 0.00000000 0.00000000
M-7 9,097,000.00 5.38750% 1000.00000000 4.63923601 0.00000000 0.00000000
M-8 6,901,000.00 5.43750% 1000.00000000 4.68229097 0.00000000 0.00000000
M-9 6,274,000.00 6.03750% 1000.00000000 5.19895760 0.00000000 0.00000000
B-1 6,274,000.00 7.28750% 1000.00000000 6.27534747 0.00000000 0.00000000
B-2 9,724,000.00 7.28750% 1000.00000000 6.27534759 0.00000000 0.00000000
B-3 6,901,000.00 7.28750% 1000.00000000 6.27534705 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE 7,211,984.00 0.00000% 1000.35884300 0.00000000 0.00000000 0.00000000
R 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 2.55464376 0.00000000 647.18783170
A-1B 0.00000000 0.00000000 2.59047749 0.00000000 647.18783168
A-2A 0.00000000 0.00000000 1.84099027 0.00000000 454.34933469
A-2B 0.00000000 0.00000000 3.70923617 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.79534712 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.87284729 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.90729170 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.93312505 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 4.06229192 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 4.10534768 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.16562463 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.63923601 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.68229097 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 5.19895760 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.27534747 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 6.27534759 0.00000000 1000.00000000
B-3 0.00000000 0.00000000 6.27534705 0.00000000 1000.00000000
P 0.00000000 0.00000000 4690444.10000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 117.89646372 0.00000000 1000.35884300
R 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 24,428,773.48
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 114,826.27
Realized Loss (Gains, Subsequent Expenses & Recoveries) 33,590.43
Prepayment Penalties 469,044.41
Total Deposits 25,046,234.59
Withdrawals
Reimbursement for Servicer Advances 101,514.04
Payment of Service Fee 208,162.55
Payment of Interest and Principal 24,736,558.00
Total Withdrawals (Pool Distribution Amount) 25,046,234.59
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 199,198.60
Credit Risk Manager Fee - The Murrayhill Company 5,975.96
Master Servicing Fee: Wells Fargo Bank 2,987.99
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 208,162.55
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 16,135.94 16,135.94 1,000.00
Reserve Fund 0.00 469,044.41 469,044.41 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 39 0 0 0 39
6,396,594.21 0.00 0.00 0.00 6,396,594.21
60 Days 28 0 1 0 29
4,725,906.87 0.00 105,799.06 0.00 4,831,705.93
90 Days 10 0 9 0 19
1,309,688.81 0.00 1,672,033.13 0.00 2,981,721.94
120 Days 6 1 7 0 14
279,274.38 283,087.10 1,077,295.43 0.00 1,639,656.91
150 Days 5 0 1 0 6
888,542.17 0.00 245,947.73 0.00 1,134,489.90
180+ Days 9 1 2 0 12
516,167.26 31,824.89 278,307.80 0.00 826,299.95
Totals 97 2 20 0 119
14,116,173.70 314,911.99 3,379,383.15 0.00 17,810,468.84
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.325629% 0.000000% 0.000000% 0.000000% 1.325629%
1.400788% 0.000000% 0.000000% 0.000000% 1.400788%
60 Days 0.951734% 0.000000% 0.033990% 0.000000% 0.985724%
1.034925% 0.000000% 0.023169% 0.000000% 1.058093%
90 Days 0.339905% 0.000000% 0.305914% 0.000000% 0.645819%
0.286808% 0.000000% 0.366158% 0.000000% 0.652966%
120 Days 0.203943% 0.033990% 0.237933% 0.000000% 0.475867%
0.061158% 0.061993% 0.235917% 0.000000% 0.359068%
150 Days 0.169952% 0.000000% 0.033990% 0.000000% 0.203943%
0.194582% 0.000000% 0.053860% 0.000000% 0.248442%
180+ Days 0.305914% 0.033990% 0.067981% 0.000000% 0.407886%
0.113035% 0.006969% 0.060947% 0.000000% 0.180951%
Totals 3.297077% 0.067981% 0.679810% 0.000000% 4.044867%
3.091295% 0.068962% 0.740050% 0.000000% 3.900308%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 22 0 0 0 22
3,915,445.62 0.00 0.00 0.00 3,915,445.62
60 Days 19 0 0 0 19
3,892,584.14 0.00 0.00 0.00 3,892,584.14
90 Days 4 0 7 0 11
1,040,604.94 0.00 1,195,180.49 0.00 2,235,785.43
120 Days 0 1 5 0 6
0.00 283,087.10 940,147.66 0.00 1,223,234.76
150 Days 0 0 1 0 1
0.00 0.00 245,947.73 0.00 245,947.73
180+ Days 0 0 2 0 2
0.00 0.00 278,307.80 0.00 278,307.80
Totals 45 1 15 0 61
8,848,634.70 283,087.10 2,659,583.68 0.00 11,791,305.48
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.363918% 0.000000% 0.000000% 0.000000% 1.363918%
1.283892% 0.000000% 0.000000% 0.000000% 1.283892%
60 Days 1.177929% 0.000000% 0.000000% 0.000000% 1.177929%
1.276396% 0.000000% 0.000000% 0.000000% 1.276396%
90 Days 0.247985% 0.000000% 0.433974% 0.000000% 0.681959%
0.341219% 0.000000% 0.391905% 0.000000% 0.733124%
120 Days 0.000000% 0.061996% 0.309981% 0.000000% 0.371978%
0.000000% 0.092826% 0.308279% 0.000000% 0.401104%
150 Days 0.000000% 0.000000% 0.061996% 0.000000% 0.061996%
0.000000% 0.000000% 0.080647% 0.000000% 0.080647%
180+ Days 0.000000% 0.000000% 0.123993% 0.000000% 0.123993%
0.000000% 0.000000% 0.091258% 0.000000% 0.091258%
Totals 2.789833% 0.061996% 0.929944% 0.000000% 3.781773%
2.901507% 0.092826% 0.872090% 0.000000% 3.866422%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 11 0 0 0 11
595,748.17 0.00 0.00 0.00 595,748.17
60 Days 8 0 1 0 9
463,620.78 0.00 105,799.06 0.00 569,419.84
90 Days 4 0 1 0 5
136,958.75 0.00 52,052.64 0.00 189,011.39
120 Days 6 0 2 0 8
279,274.38 0.00 137,147.77 0.00 416,422.15
150 Days 3 0 0 0 3
225,245.36 0.00 0.00 0.00 225,245.36
180+ Days 9 1 0 0 10
516,167.26 31,824.89 0.00 0.00 547,992.15
Totals 41 1 4 0 46
2,217,014.70 31,824.89 294,999.47 0.00 2,543,839.06
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.134021% 0.000000% 0.000000% 0.000000% 1.134021%
1.137249% 0.000000% 0.000000% 0.000000% 1.137249%
60 Days 0.824742% 0.000000% 0.103093% 0.000000% 0.927835%
0.885025% 0.000000% 0.201964% 0.000000% 1.086990%
90 Days 0.412371% 0.000000% 0.103093% 0.000000% 0.515464%
0.261446% 0.000000% 0.099365% 0.000000% 0.360812%
120 Days 0.618557% 0.000000% 0.206186% 0.000000% 0.824742%
0.533119% 0.000000% 0.261807% 0.000000% 0.794926%
150 Days 0.309278% 0.000000% 0.000000% 0.000000% 0.309278%
0.429980% 0.000000% 0.000000% 0.000000% 0.429980%
180+ Days 0.927835% 0.103093% 0.000000% 0.000000% 1.030928%
0.985334% 0.060752% 0.000000% 0.000000% 1.046085%
Totals 4.226804% 0.103093% 0.412371% 0.000000% 4.742268%
4.232154% 0.060752% 0.563137% 0.000000% 4.856042%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 4 0 0 0 4
1,700,723.80 0.00 0.00 0.00 1,700,723.80
60 Days 1 0 0 0 1
369,701.95 0.00 0.00 0.00 369,701.95
90 Days 0 0 1 0 1
0.00 0.00 424,800.00 0.00 424,800.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 1 0 0 0 1
530,486.48 0.00 0.00 0.00 530,486.48
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 6 0 1 0 7
2,600,912.23 0.00 424,800.00 0.00 3,025,712.23
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.061856% 0.000000% 0.000000% 0.000000% 2.061856%
2.041982% 0.000000% 0.000000% 0.000000% 2.041982%
60 Days 0.515464% 0.000000% 0.000000% 0.000000% 0.515464%
0.443884% 0.000000% 0.000000% 0.000000% 0.443884%
90 Days 0.000000% 0.000000% 0.515464% 0.000000% 0.515464%
0.000000% 0.000000% 0.510038% 0.000000% 0.510038%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.515464% 0.000000% 0.000000% 0.000000% 0.515464%
0.636931% 0.000000% 0.000000% 0.000000% 0.636931%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.092784% 0.000000% 0.515464% 0.000000% 3.608247%
3.122797% 0.000000% 0.510038% 0.000000% 3.632835%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 2 0 0 0 2
184,676.62 0.00 0.00 0.00 184,676.62
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 2 0 0 0 2
132,125.12 0.00 0.00 0.00 132,125.12
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 1 0 0 0 1
132,810.33 0.00 0.00 0.00 132,810.33
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 5 0 0 0 5
449,612.07 0.00 0.00 0.00 449,612.07
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.212121% 0.000000% 0.000000% 0.000000% 1.212121%
1.154018% 0.000000% 0.000000% 0.000000% 1.154018%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 1.212121% 0.000000% 0.000000% 0.000000% 1.212121%
0.825631% 0.000000% 0.000000% 0.000000% 0.825631%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.606061% 0.000000% 0.000000% 0.000000% 0.606061%
0.829913% 0.000000% 0.000000% 0.000000% 0.829913%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.030303% 0.000000% 0.000000% 0.000000% 3.030303%
2.809562% 0.000000% 0.000000% 0.000000% 2.809562%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 114,826.27
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 A1-B 247,661,084.00 39.47708165% 210,773,321.79 46.17098497% 10.765860% 0.000000%
Class R 142,409,084.00 22.69995329% 142,411,671.97 31.19601243% 0.000000% 0.000000%
Class M-1 117,315,084.00 18.69997932% 117,317,671.97 25.69904209% 5.496970% 0.000000%
Class M-2 96,612,084.00 15.39992908% 96,614,671.97 21.16394299% 4.535099% 0.000000%
Class M-3 84,065,084.00 13.39994210% 84,067,671.97 18.41545783% 2.748485% 0.000000%
Class M-4 72,459,084.00 11.54995016% 72,461,671.97 15.87310357% 2.542354% 0.000000%
Class B-1 23,837,084.00 3.79962203% 23,839,671.97 5.22220330% 1.374352% 0.000000%
Class B-2 14,113,084.00 2.24962017% 14,115,671.97 3.09211086% 2.130092% 0.000000%
Class B-3 7,212,084.00 1.14960342% 7,214,671.97 1.58041117% 1.511700% 0.000000%
Class P 7,211,984.00 1.14958748% 7,214,571.97 1.58038926% 0.000022% 0.000000%
Class CE 0.00 0.00000000% 0.00 0.00000000% 1.580389% 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 0.000%
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 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.
Group 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.
Group 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.
Group 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.
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 5 Dec-04 0.000%
Original Principal Balance 914,650.00 Jan-05 0.000%
Current Principal Balance 912,595.36 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 20 May-05 0.000%
Original Principal Balance 3,388,842.00 Jun-05 0.000%
Current Principal Balance 3,379,383.15 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.312%
Oct-05 0.755%
Nov-05 0.740%
*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 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 3 Dec-04 0.000%
Original Principal Balance 437,600.00 Jan-05 0.000%
Current Principal Balance 435,742.72 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 15 May-05 0.000%
Original Principal Balance 2,667,712.00 Jun-05 0.000%
Current Principal Balance 2,659,583.68 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.308%
Oct-05 0.885%
Nov-05 0.872%
*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 2 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 52,250.00 Jan-05 0.000%
Current Principal Balance 52,052.64 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 296,330.00 Jun-05 0.000%
Current Principal Balance 294,999.47 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.258%
Oct-05 0.736%
Nov-05 0.563%
*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 3 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 424,800.00 Jan-05 0.000%
Current Principal Balance 424,800.00 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 424,800.00 Jun-05 0.000%
Current Principal Balance 424,800.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.414%
Oct-05 0.428%
Nov-05 0.510%
*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 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.
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 1 1000308192 Oct-2005 01-Jan-2005 IL 80.00 119,920.00
Group 1 1000311512 Oct-2005 01-Jan-2005 CA 80.00 312,000.00
Group 1 1000325102 Oct-2005 01-Jan-2005 CO 80.00 150,812.00
Group 1 1000333077 Oct-2005 01-Jan-2005 TX 80.00 72,000.00
Group 1 1000336711 Oct-2005 01-Jan-2005 IL 80.00 164,720.00
Group 1 1000337914 Oct-2005 01-Feb-2005 FL 90.00 126,000.00
Group 1 1000345654 Oct-2005 01-Feb-2005 CA 80.00 295,760.00
Group 1 1000347410 Oct-2005 01-Jan-2005 IL 80.00 232,000.00
Group 1 1000360011 Sep-2005 01-Feb-2005 IL 80.00 128,000.00
Group 1 1000372834 Nov-2005 01-Feb-2005 WA 80.00 224,000.00
Group 1 1000374869 Sep-2005 01-Feb-2005 CO 85.00 246,500.00
Group 1 1000391857 Oct-2005 01-Feb-2005 TX 80.00 224,000.00
Group 1 1000392937 Nov-2005 01-Feb-2005 FL 80.00 123,200.00
Group 1 1000407529 Nov-2005 01-Feb-2005 IL 80.00 90,400.00
Group 1 1000410220 Oct-2005 01-Mar-2005 IL 80.00 158,400.00
Group 2 1000267220 Oct-2005 01-Jan-2005 TX 80.00 57,600.00
Group 2 1000279818 Oct-2005 01-Dec-2004 TX 80.00 80,000.00
Group 2 1000307382 Oct-2005 01-Jan-2005 TX 80.00 106,480.00
Group 2 1000322457 Nov-2005 01-Jan-2005 IN 95.00 52,250.00
Group 3 1000364699 Nov-2005 01-Feb-2005 CA 90.00 424,800.00
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 1 1000308192 119,476.05 01-May-2005 4 7.575% 4,218.40
Group 1 1000311512 312,000.00 01-Jun-2005 3 6.000% 7,150.00
Group 1 1000325102 150,453.37 01-Mar-2005 6 7.200% 6,701.10
Group 1 1000333077 71,609.68 01-May-2005 4 5.600% 1,820.98
Group 1 1000336711 163,950.03 01-Jun-2005 3 7.400% 4,706.14
Group 1 1000337914 125,556.03 01-Jun-2005 3 7.845% 3,836.99
Group 1 1000345654 294,686.99 01-May-2005 4 6.525% 8,856.83
Group 1 1000347410 231,145.41 01-May-2005 4 7.600% 8,190.08
Group 1 1000360011 127,854.43 01-Mar-2005 6 8.825% 7,081.42
Group 1 1000372834 223,056.50 01-Jun-2005 3 6.920% 5,956.43
Group 1 1000374869 245,947.73 01-Apr-2005 5 7.500% 10,019.81
Group 1 1000391857 223,229.53 01-May-2005 4 6.800% 7,016.24
Group 1 1000392937 122,676.03 01-Jun-2005 3 6.875% 3,252.88
Group 1 1000407529 90,010.19 01-Jun-2005 3 6.800% 2,358.60
Group 1 1000410220 157,931.71 01-Jun-2005 3 8.175% 5,043.71
Group 2 1000267220 57,378.74 01-May-2005 4 10.450% 2,851.41
Group 2 1000279818 79,769.03 01-May-2005 4 9.700% 3,664.77
Group 2 1000307382 105,799.06 01-Jul-2005 2 6.530% 2,123.55
Group 2 1000322457 52,052.64 01-Jun-2005 3 8.425% 1,716.59
Group 3 1000364699 424,800.00 01-Jun-2005 3 7.250% 11,947.50
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.207527%
Weighted Average Net Coupon 6.707527%
Weighted Average Pass-Through Rate 6.685026%
Weighted Average Maturity(Stepdown Calculation) 333
Beginning Scheduled Collateral Loan Count 3,053
Number Of Loans Paid In Full 111
Ending Scheduled Collateral Loan Count 2,942
Beginning Scheduled Collateral Balance 478,076,638.38
Ending Scheduled Collateral Balance 456,506,011.17
Ending Actual Collateral Balance at 31-Oct-2005 456,642,659.06
Monthly P&I Constant 3,138,966.62
Special Servicing Fee 0.00
Prepayment Penalties 469,044.41
Realized Loss Amount (33,590.43)
Cumulative Realized Loss (33,590.43)
Scheduled Principal 267,912.51
Unscheduled Principal 21,302,714.70
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 33,590.43
Specified O/C Amount 7,214,571.97
Overcollateralized Amount 7,214,571.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.207527%
Weighted Average Net Rate 6.707527%
Weighted Average Pass Through Rate 6.685026%
Weighted Average Maturity 333
Record Date 10/31/2005
Principal and Interest Constant 3,138,966.62
Beginning Loan Count 3,053
Loans Paid in Full 111
Ending Loan Count 2,942
Beginning Scheduled Balance 478,076,638.38
Ending Scheduled Balance 456,506,011.17
Ending Actual Balance at 31-Oct-2005 456,642,659.06
Scheduled Principal 267,912.51
Unscheduled Principal 21,302,714.70
Scheduled Interest 2,871,054.11
Servicing Fee 199,198.60
Master Servicing Fee 2,987.99
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 5,975.96
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,662,891.56
Realized Loss Amount (33,590.43)
Cumulative Realized Loss (33,590.43)
Percentage of Cumulative Losses (0.0054)
Special Servicing Fee 0.00
Prepayment Penalties 469,044.41
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 33,590.43
Specified O/C Amount 7,214,571.97
Overcollateralized Amount 7,214,571.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement Percentage: 0.311960%
Overcollateralization Increase Amount: 0.00
Overcollateralization Reduction Amount: 33,590.43
Overcollateralization Target Amount: 7,214,571.97
Required Overcollateralization Amount: 7,214,571.97
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.922848 9.149286 6.666882
Weighted Average Net Rate 6.422848 8.649285 6.166882
Weighted Average Maturity 350 226 350
Beginning Loan Count 1,684 998 203
Loans Paid In Full 71 28 9
Ending Loan Count 1,613 970 194
Beginning Scheduled Balance 320,574,100.17 54,266,461.37 86,977,495.86
Ending Scheduled Balance 304,876,357.83 52,364,951.79 83,266,437.35
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 2,030,348.41 451,863.73 522,511.91
Scheduled Principal 180,943.60 38,114.27 39,287.98
Unscheduled Principal 15,516,798.74 1,863,395.31 3,671,770.53
Scheduled Interest 1,849,404.81 413,749.46 483,223.93
Servicing Fees 133,572.54 22,611.03 36,240.62
Master Servicing Fees 2,003.59 339.17 543.61
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 4,007.18 678.33 1,087.22
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 1,709,821.50 390,120.93 445,352.48
Realized Loss Amount (34,902.19) 1,311.76 0.00
Cumulative Realized Loss (34,902.19) 1,311.76 0.00
Percentage of Cumulative Losses (0.0082) 0.0021 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.400348 8.626786 6.144382
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 9.201977 7.207527
Weighted Average Net Rate 8.701977 6.707527
Weighted Average Maturity 196 333
Beginning Loan Count 168 3,053
Loans Paid In Full 3 111
Ending Loan Count 165 2,942
Beginning Scheduled Balance 16,258,580.98 478,076,638.38
Ending scheduled Balance 15,998,264.20 456,506,011.17
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 134,242.57 3,138,966.62
Scheduled Principal 9,566.66 267,912.51
Unscheduled Principal 250,750.12 21,302,714.70
Scheduled Interest 124,675.91 2,871,054.11
Servicing Fees 6,774.41 199,198.60
Master Servicing Fees 101.62 2,987.99
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 203.23 5,975.96
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 117,596.65 2,662,891.56
Realized Loss Amount 0.00 (33,590.43)
Cumulative Realized Loss 0.00 (33,590.43)
Percentage of Cumulative Losses 0.0000 (0.0054)
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 8.679477 6.685026
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 1 71 15,615,880.00 15,515,286.23 0 0.00 0.00
Group 2 28 1,890,398.00 1,861,401.15 0 0.00 0.00
Group 3 9 3,695,700.00 3,672,413.00 0 0.00 0.00
Group 4 3 249,990.00 248,881.55 0 0.00 0.00
Total 111 21,451,968.00 21,297,981.93 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 1 0 0.00 0.00 0 0.00 0.00 12,124.61
Group 2 0 0.00 0.00 0 0.00 0.00 3,390.37
Group 3 0 0.00 0.00 0 0.00 0.00 1,645.24
Group 4 0 0.00 0.00 0 0.00 0.00 1,987.70
Total 0 0.00 0.00 0 0.00 0.00 19,147.92
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 1 1000224256 CA 64.29 01-Jan-2005 180,000.00 177,907.59
Group 1 1000292026 IL 78.57 01-Jan-2005 253,000.00 250,837.31
Group 1 1000293409 CA 85.00 01-Jan-2005 335,750.00 335,750.00
Group 1 1000295669 CA 80.00 01-Dec-2004 232,000.00 229,871.82
Group 1 1000298437 UT 80.00 01-Jan-2005 127,920.00 127,920.00
Group 1 1000300082 CA 75.00 01-Jan-2005 348,750.00 345,083.62
Group 1 1000301331 CA 73.22 01-Jan-2005 358,800.00 354,992.11
Group 1 1000309339 IL 80.00 01-Jan-2005 192,000.00 190,075.11
Group 1 1000309812 FL 84.98 01-Jan-2005 269,400.00 266,822.97
Group 1 1000312973 IL 80.00 01-Jan-2005 246,000.00 243,968.02
Group 1 1000313367 AZ 80.00 01-Jan-2005 91,600.00 90,659.58
Group 1 1000314942 CA 80.00 01-Jan-2005 244,000.00 244,000.00
Group 1 1000317002 CA 80.00 01-Jan-2005 212,000.00 212,000.00
Group 1 1000317170 TX 80.00 01-Jan-2005 99,200.00 98,278.91
Group 1 1000322884 NV 95.00 01-Jan-2005 285,000.00 282,236.80
Group 1 1000323863 IL 85.00 01-Feb-2005 136,000.00 135,199.47
Group 1 1000326675 CA 80.00 01-Jan-2005 172,000.00 171,980.84
Group 1 1000326822 CA 70.00 01-Jan-2005 254,100.00 251,968.83
Group 1 1000326866 IL 69.92 01-Jan-2005 230,750.00 228,603.46
Group 1 1000328105 CA 38.97 01-Jan-2005 76,000.00 75,245.27
Group 1 1000328363 CA 90.00 01-Jan-2005 274,500.00 274,245.71
Group 1 1000336182 CA 70.00 01-Feb-2005 185,500.00 184,370.67
Group 1 1000337004 NV 80.00 01-Jan-2005 160,000.00 158,741.98
Group 1 1000337295 FL 76.58 01-Jan-2005 278,000.00 275,104.96
Group 1 1000338904 CA 74.75 01-Feb-2005 343,830.00 340,964.33
Group 1 1000341212 CA 80.00 01-Jan-2005 348,000.00 348,000.00
Group 1 1000341290 IL 80.00 01-Jan-2005 115,200.00 114,017.30
Group 1 1000342246 CA 80.00 01-Jan-2005 160,000.00 158,814.83
Group 1 1000342550 CA 32.31 01-Jan-2005 210,000.00 208,023.60
Group 1 1000342729 CA 89.29 01-Jan-2005 250,000.00 248,088.24
Group 1 1000344990 CT 85.00 01-Feb-2005 157,250.00 155,951.98
Group 1 1000346734 CA 51.20 01-Jan-2005 170,000.00 168,189.00
Group 1 1000346868 FL 85.00 01-Jan-2005 191,250.00 189,404.65
Group 1 1000347634 CA 80.00 01-Jan-2005 188,000.00 186,790.62
Group 1 1000349052 CO 46.15 01-Feb-2005 150,000.00 148,779.77
Group 1 1000349423 IL 75.00 01-Feb-2005 174,750.00 173,266.81
Group 1 1000351213 CA 72.35 01-Jan-2005 225,000.00 222,459.30
Group 1 1000353899 CA 73.33 01-Feb-2005 220,000.00 217,040.96
Group 1 1000354654 CA 59.21 01-Feb-2005 180,000.00 178,433.12
Group 1 1000356083 IL 95.00 01-Feb-2005 147,250.00 146,221.52
Group 1 1000357927 TX 80.00 01-Feb-2005 152,800.00 151,437.55
Group 1 1000358883 CA 85.00 01-Feb-2005 274,550.00 274,549.92
Group 1 1000360235 NV 85.00 01-Feb-2005 136,000.00 134,471.80
Group 1 1000360594 CA 44.44 01-Feb-2005 240,000.00 237,948.72
Group 1 1000360875 UT 90.00 01-Feb-2005 126,000.00 125,998.12
Group 1 1000361225 CA 65.09 01-Feb-2005 172,500.00 171,137.17
Group 1 1000362204 CA 90.00 01-Feb-2005 279,000.00 279,000.00
Group 1 1000363159 FL 80.00 01-Feb-2005 144,000.00 143,991.34
Group 1 1000366141 CA 90.00 01-Feb-2005 229,500.00 229,492.92
Group 1 1000366994 CA 78.43 01-Feb-2005 200,000.00 198,182.27
Group 1 1000368615 CA 80.00 01-Feb-2005 260,000.00 257,474.34
Group 1 1000370359 CA 90.00 01-Feb-2005 226,800.00 225,208.06
Group 1 1000370405 IL 80.00 01-Feb-2005 309,600.00 306,745.54
Group 1 1000371350 IL 80.00 01-Mar-2005 236,000.00 234,476.72
Group 1 1000377312 AZ 68.18 01-Feb-2005 120,000.00 119,014.26
Group 1 1000383241 CA 72.96 01-Feb-2005 259,000.00 256,786.33
Group 1 1000385603 CA 73.68 01-Feb-2005 350,000.00 346,548.31
Group 1 1000388055 CA 85.00 01-Feb-2005 267,750.00 265,601.13
Group 1 1000388279 IL 95.00 01-Feb-2005 194,750.00 191,808.61
Group 1 1000389887 CA 85.00 01-Feb-2005 348,500.00 344,951.49
Group 1 1000392151 CA 80.00 01-Feb-2005 216,000.00 214,113.26
Group 1 1000392779 CA 80.00 01-Feb-2005 271,960.00 269,863.38
Group 1 1000393231 FL 80.00 01-Feb-2005 104,000.00 103,162.13
Group 1 1000396043 CA 80.00 01-Feb-2005 303,920.00 301,131.26
Group 1 1000396223 CA 78.46 01-Feb-2005 204,000.00 202,135.38
Group 1 1000397673 CA 77.09 01-Feb-2005 212,000.00 210,113.75
Group 1 1000401578 CO 78.07 01-Feb-2005 143,250.00 143,250.00
Group 1 1000402423 CA 90.00 01-Feb-2005 272,700.00 270,291.75
Group 1 1000404278 CA 88.37 01-Mar-2005 304,000.00 300,977.86
Group 1 1000411243 CA 71.85 01-Feb-2005 233,500.00 233,499.70
Group 1 1000411962 CA 90.00 01-Feb-2005 351,000.00 351,000.00
Group 2 1000201116 CA 100.00 01-Oct-2004 77,000.00 76,559.51
Group 2 1000206773 TX 100.00 01-Oct-2004 39,000.00 38,728.56
Group 2 1000207639 IL 100.00 01-Oct-2004 19,200.00 19,064.68
Group 2 1000212905 IL 100.00 01-Oct-2004 30,000.00 29,752.35
Group 2 1000223918 UT 100.00 01-Oct-2004 56,000.00 54,131.82
Group 2 1000225921 CA 100.00 01-Oct-2004 56,000.00 55,642.68
Group 2 1000227697 CA 100.00 01-Nov-2004 73,800.00 73,403.85
Group 2 1000229981 CA 100.00 01-Dec-2004 115,000.00 114,432.79
Group 2 1000230927 CA 100.00 01-Nov-2004 65,400.00 65,048.95
Group 2 1000252178 CA 100.00 01-Dec-2004 42,000.00 41,772.30
Group 2 1000259883 CA 100.00 01-Dec-2004 51,800.00 51,549.22
Group 2 1000265879 AZ 100.00 01-Dec-2004 44,000.00 43,775.99
Group 2 1000293162 CA 61.43 01-Jan-2005 258,000.00 255,287.67
Group 2 1000309452 IL 100.00 01-Jan-2005 48,000.00 47,775.97
Group 2 1000313075 IL 100.00 01-Jan-2005 61,500.00 61,205.80
Group 2 1000314537 AZ 100.00 01-Jan-2005 22,900.00 22,783.50
Group 2 1000317013 CA 100.00 01-Jan-2005 53,000.00 52,701.53
Group 2 1000318902 CA 100.00 01-Jan-2005 61,000.00 60,689.81
Group 2 1000323751 TX 100.00 01-Jan-2005 23,500.00 8,079.40
Group 2 1000326686 CA 100.00 01-Jan-2005 43,000.00 42,772.46
Group 2 1000332942 CA 73.64 01-Jan-2005 162,000.00 160,252.46
Group 2 1000341302 IL 100.00 01-Jan-2005 28,800.00 28,632.59
Group 2 1000348477 IL 80.00 01-Jan-2005 120,000.00 119,043.29
Group 2 1000363160 FL 100.00 01-Feb-2005 36,000.00 35,839.39
Group 2 1000368626 CA 100.00 01-Feb-2005 65,000.00 64,668.60
Group 2 1000369010 MO 80.00 01-Feb-2005 94,800.00 93,970.70
Group 2 1000370438 IL 100.00 01-Feb-2005 77,400.00 77,036.92
Group 2 1000380451 CA 100.00 01-Feb-2005 66,298.00 65,402.15
Group 3 1000292723 CA 62.81 01-Jan-2005 380,000.00 376,420.54
Group 3 1000305874 CA 85.00 01-Jan-2005 378,250.00 375,057.52
Group 3 1000310274 MO 90.00 01-Jan-2005 499,500.00 493,257.25
Group 3 1000321232 CA 80.00 01-Jan-2005 380,000.00 375,214.12
Group 3 1000345306 CA 79.28 01-Feb-2005 440,000.00 440,000.00
Group 3 1000350537 CA 90.00 01-Feb-2005 373,500.00 371,040.73
Group 3 1000376254 CA 80.00 01-Feb-2005 468,000.00 462,685.13
Group 3 1000380338 CA 80.00 01-Feb-2005 391,200.00 391,200.00
Group 3 1000383476 CA 72.01 01-Feb-2005 385,250.00 385,250.00
Group 4 1000321243 CA 100.00 01-Jan-2005 95,000.00 94,492.13
Group 4 1000342752 CA 100.00 01-Jan-2005 87,000.00 86,593.26
Group 4 1000393893 CA 100.00 01-Feb-2005 67,990.00 67,677.03
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 1 1000224256 Loan Paid in Full 0 6.275% 360 10
Group 1 1000292026 Loan Paid in Full (1) 7.425% 360 10
Group 1 1000293409 Loan Paid in Full (1) 6.650% 360 10
Group 1 1000295669 Loan Paid in Full 0 7.875% 360 11
Group 1 1000298437 Loan Paid in Full (1) 7.225% 360 10
Group 1 1000300082 Loan Paid in Full 0 6.350% 360 10
Group 1 1000301331 Loan Paid in Full 0 6.300% 360 10
Group 1 1000309339 Loan Paid in Full 0 6.600% 360 10
Group 1 1000309812 Loan Paid in Full 0 6.845% 360 10
Group 1 1000312973 Loan Paid in Full (1) 7.600% 360 10
Group 1 1000313367 Loan Paid in Full 0 6.475% 360 10
Group 1 1000314942 Loan Paid in Full (1) 6.700% 360 10
Group 1 1000317002 Loan Paid in Full 1 6.150% 360 10
Group 1 1000317170 Loan Paid in Full (1) 7.000% 360 10
Group 1 1000322884 Loan Paid in Full 0 6.775% 360 10
Group 1 1000323863 Loan Paid in Full 0 8.800% 360 9
Group 1 1000326675 Loan Paid in Full (1) 6.990% 360 10
Group 1 1000326822 Loan Paid in Full 0 7.750% 360 10
Group 1 1000326866 Loan Paid in Full 0 6.990% 360 10
Group 1 1000328105 Loan Paid in Full (1) 6.650% 360 10
Group 1 1000328363 Loan Paid in Full 0 7.725% 360 10
Group 1 1000336182 Loan Paid in Full 1 8.990% 360 9
Group 1 1000337004 Loan Paid in Full 2 7.850% 360 10
Group 1 1000337295 Loan Paid in Full (1) 6.400% 360 10
Group 1 1000338904 Loan Paid in Full 0 7.050% 360 9
Group 1 1000341212 Loan Paid in Full 0 5.950% 360 10
Group 1 1000341290 Loan Paid in Full 0 6.475% 360 10
Group 1 1000342246 Loan Paid in Full 0 8.150% 360 10
Group 1 1000342550 Loan Paid in Full 0 7.000% 360 10
Group 1 1000342729 Loan Paid in Full (1) 7.990% 360 10
Group 1 1000344990 Loan Paid in Full 0 7.100% 360 9
Group 1 1000346734 Loan Paid in Full (1) 6.280% 360 10
Group 1 1000346868 Loan Paid in Full 0 6.800% 360 10
Group 1 1000347634 Loan Paid in Full 0 8.850% 360 10
Group 1 1000349052 Loan Paid in Full 0 7.175% 360 9
Group 1 1000349423 Loan Paid in Full 0 7.750% 360 9
Group 1 1000351213 Loan Paid in Full (1) 5.970% 360 10
Group 1 1000353899 Loan Paid in Full (1) 6.225% 360 9
Group 1 1000354654 Loan Paid in Full 0 6.825% 360 9
Group 1 1000356083 Loan Paid in Full (1) 7.950% 360 9
Group 1 1000357927 Loan Paid in Full 0 6.700% 360 9
Group 1 1000358883 Loan Paid in Full (1) 5.800% 360 9
Group 1 1000360235 Loan Paid in Full 1 8.050% 360 9
Group 1 1000360594 Loan Paid in Full 0 6.920% 360 9
Group 1 1000360875 Loan Paid in Full 0 6.990% 360 9
Group 1 1000361225 Loan Paid in Full (1) 7.325% 360 9
Group 1 1000362204 Loan Paid in Full 0 7.550% 360 9
Group 1 1000363159 Loan Paid in Full 0 6.575% 360 9
Group 1 1000366141 Loan Paid in Full (1) 6.900% 360 9
Group 1 1000366994 Loan Paid in Full 1 6.600% 360 9
Group 1 1000368615 Loan Paid in Full 0 6.250% 360 9
Group 1 1000370359 Loan Paid in Full (1) 7.975% 360 9
Group 1 1000370405 Loan Paid in Full (1) 6.525% 360 9
Group 1 1000371350 Loan Paid in Full (1) 7.800% 360 8
Group 1 1000377312 Loan Paid in Full 0 7.125% 360 9
Group 1 1000383241 Loan Paid in Full 0 6.920% 360 9
Group 1 1000385603 Loan Paid in Full 0 6.170% 360 9
Group 1 1000388055 Loan Paid in Full 0 7.250% 360 9
Group 1 1000388279 Loan Paid in Full (1) 7.800% 360 9
Group 1 1000389887 Loan Paid in Full 4 6.000% 360 9
Group 1 1000392151 Loan Paid in Full 0 7.250% 360 9
Group 1 1000392779 Loan Paid in Full (1) 7.450% 360 9
Group 1 1000393231 Loan Paid in Full 0 7.225% 360 9
Group 1 1000396043 Loan Paid in Full 0 6.550% 360 9
Group 1 1000396223 Loan Paid in Full (1) 6.600% 360 9
Group 1 1000397673 Loan Paid in Full (1) 6.740% 360 9
Group 1 1000401578 Loan Paid in Full (1) 6.300% 360 9
Group 1 1000402423 Loan Paid in Full 0 6.750% 360 9
Group 1 1000404278 Loan Paid in Full 0 5.550% 360 8
Group 1 1000411243 Loan Paid in Full 0 6.250% 360 9
Group 1 1000411962 Loan Paid in Full 0 7.990% 360 9
Group 2 1000201116 Loan Paid in Full 0 10.670% 180 13
Group 2 1000206773 Loan Paid in Full (1) 9.700% 180 13
Group 2 1000207639 Loan Paid in Full 0 10.670% 180 13
Group 2 1000212905 Loan Paid in Full 0 10.670% 180 13
Group 2 1000223918 Loan Paid in Full 0 10.770% 180 13
Group 2 1000225921 Loan Paid in Full (1) 10.120% 180 13
Group 2 1000227697 Loan Paid in Full (1) 10.570% 180 12
Group 2 1000229981 Loan Paid in Full 0 10.570% 180 11
Group 2 1000230927 Loan Paid in Full (1) 10.570% 180 12
Group 2 1000252178 Loan Paid in Full 0 10.120% 180 11
Group 2 1000259883 Loan Paid in Full 0 10.670% 180 11
Group 2 1000265879 Loan Paid in Full 0 10.420% 180 11
Group 2 1000293162 Loan Paid in Full 0 6.350% 360 10
Group 2 1000309452 Loan Paid in Full 0 10.400% 180 10
Group 2 1000313075 Loan Paid in Full (1) 10.400% 180 10
Group 2 1000314537 Loan Paid in Full 0 9.990% 180 10
Group 2 1000317013 Loan Paid in Full 0 9.500% 180 10
Group 2 1000318902 Loan Paid in Full (1) 9.990% 180 10
Group 2 1000323751 Loan Paid in Full (1) 9.700% 180 10
Group 2 1000326686 Loan Paid in Full (1) 9.800% 180 10
Group 2 1000332942 Loan Paid in Full (1) 6.990% 360 10
Group 2 1000341302 Loan Paid in Full 0 9.750% 180 10
Group 2 1000348477 Loan Paid in Full (1) 7.780% 360 10
Group 2 1000363160 Loan Paid in Full (1) 10.150% 180 9
Group 2 1000368626 Loan Paid in Full 0 9.500% 180 9
Group 2 1000369010 Loan Paid in Full 0 6.800% 360 9
Group 2 1000370438 Loan Paid in Full (1) 9.900% 180 9
Group 2 1000380451 Loan Paid in Full (1) 10.520% 180 9
Group 3 1000292723 Loan Paid in Full 0 6.925% 360 10
Group 3 1000305874 Loan Paid in Full 0 7.490% 360 10
Group 3 1000310274 Loan Paid in Full 0 6.900% 360 10
Group 3 1000321232 Loan Paid in Full (1) 5.380% 360 10
Group 3 1000345306 Loan Paid in Full 0 6.300% 360 9
Group 3 1000350537 Loan Paid in Full (1) 7.700% 360 9
Group 3 1000376254 Loan Paid in Full (1) 6.150% 360 9
Group 3 1000380338 Loan Paid in Full 2 6.150% 360 9
Group 3 1000383476 Loan Paid in Full (1) 5.250% 360 9
Group 4 1000321243 Loan Paid in Full (1) 9.750% 180 10
Group 4 1000342752 Loan Paid in Full 0 10.390% 180 10
Group 4 1000393893 Loan Paid in Full (1) 9.990% 180 9
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.458% Current Month 42.149% Current Month 2,197.251%
3 Month Average 4.631% 3 Month Average 43.377% 3 Month Average 2,555.207%
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 4.530% N/A Mar-2005 1,418.351% N/A
Apr-2005 26.005% N/A Apr-2005 5,023.779% N/A
May-2005 31.548% N/A May-2005 4,396.567% N/A
Jun-2005 32.596% N/A Jun-2005 3,553.068% N/A
Jul-2005 34.705% N/A Jul-2005 3,105.761% N/A
Aug-2005 39.406% N/A Aug-2005 2,991.775% N/A
Sep-2005 45.096% N/A Sep-2005 2,971.544% N/A
Oct-2005 42.887% N/A Oct-2005 2,496.827% N/A
Nov-2005 42.149% N/A Nov-2005 2,197.251% 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 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.843% Current Month 44.883% Current Month 2,359.828%
3 Month Average 4.793% 3 Month Average 44.472% 3 Month Average 2,645.307%
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 4.316% N/A Mar-2005 1,419.545% N/A
Apr-2005 27.458% N/A Apr-2005 5,469.074% N/A
May-2005 32.736% N/A May-2005 4,662.597% N/A
Jun-2005 35.639% N/A Jun-2005 3,952.739% N/A
Jul-2005 33.685% N/A Jul-2005 3,058.139% N/A
Aug-2005 45.574% N/A Aug-2005 3,502.008% N/A
Sep-2005 47.610% N/A Sep-2005 3,170.208% N/A
Oct-2005 40.925% N/A Oct-2005 2,405.885% N/A
Nov-2005 44.883% N/A Nov-2005 2,359.828% 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 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.436% Current Month 34.269% Current Month 1,695.586%
3 Month Average 3.039% 3 Month Average 30.725% 3 Month Average 1,672.749%
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 5.114% N/A Mar-2005 1,159.181% N/A
Apr-2005 18.469% N/A Apr-2005 2,887.422% N/A
May-2005 18.467% N/A May-2005 2,200.688% N/A
Jun-2005 16.518% N/A Jun-2005 1,589.969% N/A
Jul-2005 20.451% N/A Jul-2005 1,656.823% N/A
Aug-2005 28.697% N/A Aug-2005 2,006.872% N/A
Sep-2005 22.431% N/A Sep-2005 1,377.868% N/A
Oct-2005 35.474% N/A Oct-2005 1,944.794% N/A
Nov-2005 34.269% N/A Nov-2005 1,695.586% 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 3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.223% Current Month 40.418% Current Month 2,121.134%
3 Month Average 5.156% 3 Month Average 46.770% 3 Month Average 2,783.302%
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 4.934% N/A Mar-2005 1,625.783% N/A
Apr-2005 25.224% N/A Apr-2005 5,027.266% N/A
May-2005 36.953% N/A May-2005 5,279.565% N/A
Jun-2005 32.014% N/A Jun-2005 3,558.781% N/A
Jul-2005 46.416% N/A Jul-2005 4,215.930% N/A
Aug-2005 18.059% N/A Aug-2005 1,388.095% N/A
Sep-2005 46.332% N/A Sep-2005 3,087.048% N/A
Oct-2005 53.560% N/A Oct-2005 3,141.723% N/A
Nov-2005 40.418% N/A Nov-2005 2,121.134% 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 4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.543% Current Month 17.024% Current Month 868.973%
3 Month Average 3.743% 3 Month Average 35.486% 3 Month Average 2,106.693%
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 4.865% N/A Mar-2005 1,392.876% N/A
Apr-2005 22.165% N/A Apr-2005 4,036.279% N/A
May-2005 10.023% N/A May-2005 1,335.628% N/A
Jun-2005 16.273% N/A Jun-2005 1,714.847% N/A
Jul-2005 25.606% N/A Jul-2005 2,221.376% N/A
Aug-2005 40.331% N/A Aug-2005 2,977.374% N/A
Sep-2005 49.243% N/A Sep-2005 3,166.224% N/A
Oct-2005 40.190% N/A Oct-2005 2,284.881% N/A
Nov-2005 17.024% N/A Nov-2005 868.973% 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 1 1 0.00 (34,902.19) (0.011)%
Group 2 1 0.00 1,311.76 0.003%
Group 3 0 0.00 0.00 0.000%
Group 4 0 0.00 0.00 0.000%
Total 2 0.00 (33,590.43) (0.007)%
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>
Group 1 1000400465 138,721.00 6.5050% UT 80.00 360
Group 2 1000400476 34,680.00 10.4000% UT 100.00 180
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>
Group 1 1000400465 0.00 (34,902.19) (34,902.19)
Group 2 1000400476 0.00 1,311.76 1,311.76
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% 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.
<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>