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-RM2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-02
Pooling and Servicing Agreement) (Commission 54-2173199
(State or other File Number) 54-2173200
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-RM2 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-RM2 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-RM2 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-RM2 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 2005-RM2
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 004421NQ2 SEN 4.26750% 176,452,823.58 648,383.30
A-1B 004421NR0 SEN 4.29750% 44,113,205.89 163,235.34
A-2A 004421NS8 SEN 4.12750% 55,949,322.33 198,843.59
A-2B 004421PG2 SEN 4.23750% 50,184,000.00 183,106.88
A-2C 004421PH0 SEN 4.28750% 12,963,000.00 47,856.32
A-2D 004421PJ6 SEN 4.38750% 33,778,000.00 127,608.83
M-1 004421NT6 MEZ 4.47750% 20,952,000.00 80,777.57
M-2 004421NU3 MEZ 4.48750% 18,686,000.00 72,202.21
M-3 004421NV1 MEZ 4.50750% 11,042,000.00 42,856.15
M-4 004421NW9 MEZ 4.66750% 10,193,000.00 40,965.29
M-5 004421NX7 MEZ 4.69750% 9,626,000.00 38,935.19
M-6 004421NY5 MEZ 4.72750% 9,343,000.00 38,031.86
M-7 004421NZ2 MEZ 5.23750% 7,644,000.00 34,472.63
M-8 004421PA5 MEZ 5.33750% 5,946,000.00 27,327.03
M-9 004421PB3 MEZ 5.73750% 5,379,000.00 26,573.82
P ACE05RM2P SEN 0.00000% 100.00 377,749.28
M-10 004421PC1 MEZ 7.03750% 5,096,000.00 30,880.15
M-11 004421PD9 MEZ 7.03750% 5,663,000.00 34,315.99
B-1 004421PE7 SEN 7.03750% 8,777,000.00 53,185.84
B-2 004421PF4 SEN 7.03750% 6,229,000.00 37,745.77
CE ACE05RM2CE SEN 0.00000% 6,511,954.80 935,575.04
R ACE05RM2R SEN 0.00000% 0.00 0.00
Totals 504,528,406.60 3,240,628.08
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 8,106,753.38 0.00 168,346,070.19 8,755,136.68 0.00
A-1B 2,026,688.35 0.00 42,086,517.55 2,189,923.69 0.00
A-2A 7,713,077.48 0.00 48,236,244.85 7,911,921.07 0.00
A-2B 0.00 0.00 50,184,000.00 183,106.88 0.00
A-2C 0.00 0.00 12,963,000.00 47,856.32 0.00
A-2D 0.00 0.00 33,778,000.00 127,608.83 0.00
M-1 0.00 0.00 20,952,000.00 80,777.57 0.00
M-2 0.00 0.00 18,686,000.00 72,202.21 0.00
M-3 0.00 0.00 11,042,000.00 42,856.15 0.00
M-4 0.00 0.00 10,193,000.00 40,965.29 0.00
M-5 0.00 0.00 9,626,000.00 38,935.19 0.00
M-6 0.00 0.00 9,343,000.00 38,031.86 0.00
M-7 0.00 0.00 7,644,000.00 34,472.63 0.00
M-8 0.00 0.00 5,946,000.00 27,327.03 0.00
M-9 0.00 0.00 5,379,000.00 26,573.82 0.00
P 0.00 0.00 100.00 377,749.28 0.00
M-10 0.00 0.00 5,096,000.00 30,880.15 0.00
M-11 0.00 0.00 5,663,000.00 34,315.99 0.00
B-1 0.00 0.00 8,777,000.00 53,185.84 0.00
B-2 0.00 0.00 6,229,000.00 37,745.77 0.00
CE 0.00 0.00 6,511,954.80 935,575.04 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 17,846,519.21 0.00 486,681,887.39 21,087,147.29 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 206,792,000.00 176,452,823.58 0.00 8,106,753.38 0.00 0.00
A-1B 51,698,000.00 44,113,205.89 0.00 2,026,688.35 0.00 0.00
A-2A 79,753,000.00 55,949,322.33 0.00 7,713,077.48 0.00 0.00
A-2B 50,184,000.00 50,184,000.00 0.00 0.00 0.00 0.00
A-2C 12,963,000.00 12,963,000.00 0.00 0.00 0.00 0.00
A-2D 33,778,000.00 33,778,000.00 0.00 0.00 0.00 0.00
M-1 20,952,000.00 20,952,000.00 0.00 0.00 0.00 0.00
M-2 18,686,000.00 18,686,000.00 0.00 0.00 0.00 0.00
M-3 11,042,000.00 11,042,000.00 0.00 0.00 0.00 0.00
M-4 10,193,000.00 10,193,000.00 0.00 0.00 0.00 0.00
M-5 9,626,000.00 9,626,000.00 0.00 0.00 0.00 0.00
M-6 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00
M-7 7,644,000.00 7,644,000.00 0.00 0.00 0.00 0.00
M-8 5,946,000.00 5,946,000.00 0.00 0.00 0.00 0.00
M-9 5,379,000.00 5,379,000.00 0.00 0.00 0.00 0.00
M-10 5,096,000.00 5,096,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
M-11 5,663,000.00 5,663,000.00 0.00 0.00 0.00 0.00
B-1 8,777,000.00 8,777,000.00 0.00 0.00 0.00 0.00
B-2 6,229,000.00 6,229,000.00 0.00 0.00 0.00 0.00
CE 6,512,839.08 6,511,954.80 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 566,256,939.08 504,528,406.60 0.00 17,846,519.21 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 8,106,753.38 168,346,070.19 0.81408406 8,106,753.38
A-1B 2,026,688.35 42,086,517.55 0.81408406 2,026,688.35
A-2A 7,713,077.48 48,236,244.85 0.60482044 7,713,077.48
A-2B 0.00 50,184,000.00 1.00000000 0.00
A-2C 0.00 12,963,000.00 1.00000000 0.00
A-2D 0.00 33,778,000.00 1.00000000 0.00
M-1 0.00 20,952,000.00 1.00000000 0.00
M-2 0.00 18,686,000.00 1.00000000 0.00
M-3 0.00 11,042,000.00 1.00000000 0.00
M-4 0.00 10,193,000.00 1.00000000 0.00
M-5 0.00 9,626,000.00 1.00000000 0.00
M-6 0.00 9,343,000.00 1.00000000 0.00
M-7 0.00 7,644,000.00 1.00000000 0.00
M-8 0.00 5,946,000.00 1.00000000 0.00
M-9 0.00 5,379,000.00 1.00000000 0.00
M-10 0.00 5,096,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
M-11 0.00 5,663,000.00 1.00000000 0.00
B-1 0.00 8,777,000.00 1.00000000 0.00
B-2 0.00 6,229,000.00 1.00000000 0.00
CE 0.00 6,511,954.80 0.99986423 0.00
R 0.00 0.00 0.00000000 0.00
Totals 17,846,519.21 486,681,887.39 0.85947183 17,846,519.21
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 206,792,000.00 853.28650809 0.00000000 39.20245164 0.00000000
A-1B 51,698,000.00 853.28650799 0.00000000 39.20245174 0.00000000
A-2A 79,753,000.00 701.53251075 0.00000000 96.71206701 0.00000000
A-2B 50,184,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 12,963,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2D 33,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 20,952,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 18,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 11,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 10,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 9,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 7,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 5,946,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 5,379,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 5,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,663,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 8,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 6,229,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 6,512,839.08 999.86422511 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 39.20245164 814.08405639 0.81408406 39.20245164
A-1B 0.00000000 39.20245174 814.08405644 0.81408406 39.20245174
A-2A 0.00000000 96.71206701 604.82044375 0.60482044 96.71206701
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
A-2D 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
M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-11 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
CE 0.00000000 0.00000000 999.86422511 0.99986423 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 206,792,000.00 4.26750% 176,452,823.58 648,427.37 0.00 0.00
A-1B 51,698,000.00 4.29750% 44,113,205.89 163,246.43 0.00 0.00
A-2A 79,753,000.00 4.12750% 55,949,322.33 198,857.10 0.00 0.00
A-2B 50,184,000.00 4.23750% 50,184,000.00 183,119.33 0.00 0.00
A-2C 12,963,000.00 4.28750% 12,963,000.00 47,859.58 0.00 0.00
A-2D 33,778,000.00 4.38750% 33,778,000.00 127,617.51 0.00 0.00
M-1 20,952,000.00 4.47750% 20,952,000.00 80,783.06 0.00 0.00
M-2 18,686,000.00 4.48750% 18,686,000.00 72,207.12 0.00 0.00
M-3 11,042,000.00 4.50750% 11,042,000.00 42,859.06 0.00 0.00
M-4 10,193,000.00 4.66750% 10,193,000.00 40,968.07 0.00 0.00
M-5 9,626,000.00 4.69750% 9,626,000.00 38,937.84 0.00 0.00
M-6 9,343,000.00 4.72750% 9,343,000.00 38,034.44 0.00 0.00
M-7 7,644,000.00 5.23750% 7,644,000.00 34,474.97 0.00 0.00
M-8 5,946,000.00 5.33750% 5,946,000.00 27,328.89 0.00 0.00
M-9 5,379,000.00 5.73750% 5,379,000.00 26,575.62 0.00 0.00
M-10 5,096,000.00 7.03750% 5,096,000.00 30,882.11 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
M-11 5,663,000.00 7.03750% 5,663,000.00 34,318.17 0.00 0.00
B-1 8,777,000.00 7.03750% 8,777,000.00 53,189.23 0.00 0.00
B-2 6,229,000.00 7.03750% 6,229,000.00 37,748.17 0.00 0.00
CE 6,512,839.08 0.00000% 6,511,954.80 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 566,256,939.08 1,927,434.07 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 44.07 0.00 648,383.30 0.00 168,346,070.19
A-1B 11.09 0.00 163,235.34 0.00 42,086,517.55
A-2A 13.51 0.00 198,843.59 0.00 48,236,244.85
A-2B 12.44 0.00 183,106.88 0.00 50,184,000.00
A-2C 3.25 0.00 47,856.32 0.00 12,963,000.00
A-2D 8.67 0.00 127,608.83 0.00 33,778,000.00
M-1 5.49 0.00 80,777.57 0.00 20,952,000.00
M-2 4.91 0.00 72,202.21 0.00 18,686,000.00
M-3 2.91 0.00 42,856.15 0.00 11,042,000.00
M-4 2.78 0.00 40,965.29 0.00 10,193,000.00
M-5 2.65 0.00 38,935.19 0.00 9,626,000.00
M-6 2.58 0.00 38,031.86 0.00 9,343,000.00
M-7 2.34 0.00 34,472.63 0.00 7,644,000.00
M-8 1.86 0.00 27,327.03 0.00 5,946,000.00
M-9 1.81 0.00 26,573.82 0.00 5,379,000.00
M-10 1.97 0.00 30,880.15 0.00 5,096,000.00
P 0.00 0.00 377,749.28 0.00 100.00
M-11 2.18 0.00 34,315.99 0.00 5,663,000.00
B-1 3.38 0.00 53,185.84 0.00 8,777,000.00
B-2 2.40 0.00 37,745.77 0.00 6,229,000.00
CE 0.00 0.00 935,575.04 0.00 6,511,954.80
R 0.00 0.00 0.00 0.00 0.00
Totals 130.29 0.00 3,240,628.08 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 206,792,000.00 4.26750% 853.28650809 3.13565017 0.00000000 0.00000000
A-1B 51,698,000.00 4.29750% 853.28650799 3.15769333 0.00000000 0.00000000
A-2A 79,753,000.00 4.12750% 701.53251075 2.49341216 0.00000000 0.00000000
A-2B 50,184,000.00 4.23750% 1000.00000000 3.64895843 0.00000000 0.00000000
A-2C 12,963,000.00 4.28750% 1000.00000000 3.69201419 0.00000000 0.00000000
A-2D 33,778,000.00 4.38750% 1000.00000000 3.77812511 0.00000000 0.00000000
M-1 20,952,000.00 4.47750% 1000.00000000 3.85562524 0.00000000 0.00000000
M-2 18,686,000.00 4.48750% 1000.00000000 3.86423633 0.00000000 0.00000000
M-3 11,042,000.00 4.50750% 1000.00000000 3.88145807 0.00000000 0.00000000
M-4 10,193,000.00 4.66750% 1000.00000000 4.01923575 0.00000000 0.00000000
M-5 9,626,000.00 4.69750% 1000.00000000 4.04506960 0.00000000 0.00000000
M-6 9,343,000.00 4.72750% 1000.00000000 4.07090228 0.00000000 0.00000000
M-7 7,644,000.00 5.23750% 1000.00000000 4.51006934 0.00000000 0.00000000
M-8 5,946,000.00 5.33750% 1000.00000000 4.59618063 0.00000000 0.00000000
M-9 5,379,000.00 5.73750% 1000.00000000 4.94062465 0.00000000 0.00000000
M-10 5,096,000.00 7.03750% 1000.00000000 6.06006868 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,663,000.00 7.03750% 1000.00000000 6.06006887 0.00000000 0.00000000
B-1 8,777,000.00 7.03750% 1000.00000000 6.06006950 0.00000000 0.00000000
B-2 6,229,000.00 7.03750% 1000.00000000 6.06006903 0.00000000 0.00000000
CE 6,512,839.08 0.00000% 999.86422511 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 0.00021311 0.00000000 3.13543706 0.00000000 814.08405639
A-1B 0.00021452 0.00000000 3.15747882 0.00000000 814.08405644
A-2A 0.00016940 0.00000000 2.49324276 0.00000000 604.82044375
A-2B 0.00024789 0.00000000 3.64871035 0.00000000 1000.00000000
A-2C 0.00025071 0.00000000 3.69176271 0.00000000 1000.00000000
A-2D 0.00025668 0.00000000 3.77786814 0.00000000 1000.00000000
M-1 0.00026203 0.00000000 3.85536321 0.00000000 1000.00000000
M-2 0.00026276 0.00000000 3.86397356 0.00000000 1000.00000000
M-3 0.00026354 0.00000000 3.88119453 0.00000000 1000.00000000
M-4 0.00027274 0.00000000 4.01896301 0.00000000 1000.00000000
M-5 0.00027530 0.00000000 4.04479431 0.00000000 1000.00000000
M-6 0.00027614 0.00000000 4.07062614 0.00000000 1000.00000000
M-7 0.00030612 0.00000000 4.50976321 0.00000000 1000.00000000
M-8 0.00031282 0.00000000 4.59586781 0.00000000 1000.00000000
M-9 0.00033649 0.00000000 4.94029002 0.00000000 1000.00000000
M-10 0.00038658 0.00000000 6.05968407 0.00000000 1000.00000000
P 0.00000000 0.00000000 3777492.80000000 0.00000000 1000.00000000
M-11 0.00038495 0.00000000 6.05968391 0.00000000 1000.00000000
B-1 0.00038510 0.00000000 6.05968326 0.00000000 1000.00000000
B-2 0.00038529 0.00000000 6.05968374 0.00000000 1000.00000000
CE 0.00000000 0.00000000 143.65087614 0.00000000 999.86422511
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 20,911,102.79
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 121,353.91
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 377,749.28
Total Deposits 21,410,205.98
Withdrawals
Reimbursement for Servicer Advances 103,378.62
Payment of Service Fee 219,680.07
Payment of Interest and Principal 21,087,147.29
Total Withdrawals (Pool Distribution Amount) 21,410,205.98
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 130.29
SERVICING FEES
<s> <c>
Gross Servicing Fee 210,220.17
Credit Risk Manager Fee - The Murrayhill Company 6,306.60
Master Servicing Fee: Wells Fargo Bank 3,153.30
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 219,680.07
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 9,924.90 9,924.90 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 2 0 0 2
132,306.00 0.00 0.00 132,306.00
30 Days 54 0 0 0 54
7,314,682.76 0.00 0.00 0.00 7,314,682.76
60 Days 24 0 0 0 24
3,259,765.75 0.00 0.00 0.00 3,259,765.75
90 Days 23 3 1 0 27
3,221,166.01 369,039.51 309,162.84 0.00 3,899,368.36
120 Days 15 0 7 0 22
2,067,522.57 0.00 1,471,538.37 0.00 3,539,060.94
150 Days 1 1 0 0 2
64,175.83 212,361.70 0.00 0.00 276,537.53
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 117 6 8 0 131
15,927,312.92 713,707.21 1,780,701.21 0.00 18,421,721.34
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 0.065876% 0.000000% 0.000000% 0.065876%
0.027179% 0.000000% 0.000000% 0.027179%
30 Days 1.778656% 0.000000% 0.000000% 0.000000% 1.778656%
1.502597% 0.000000% 0.000000% 0.000000% 1.502597%
60 Days 0.790514% 0.000000% 0.000000% 0.000000% 0.790514%
0.669628% 0.000000% 0.000000% 0.000000% 0.669628%
90 Days 0.757576% 0.098814% 0.032938% 0.000000% 0.889328%
0.661698% 0.075809% 0.063509% 0.000000% 0.801016%
120 Days 0.494071% 0.000000% 0.230567% 0.000000% 0.724638%
0.424715% 0.000000% 0.302286% 0.000000% 0.727001%
150 Days 0.032938% 0.032938% 0.000000% 0.000000% 0.065876%
0.013183% 0.043624% 0.000000% 0.000000% 0.056807%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.853755% 0.197628% 0.263505% 0.000000% 4.314888%
3.271820% 0.146611% 0.365795% 0.000000% 3.784226%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
469,732.69 0.00 0.00 0.00 469,732.69
60 Days 6 0 0 0 6
231,600.67 0.00 0.00 0.00 231,600.67
90 Days 5 1 0 0 6
194,775.62 24,676.60 0.00 0.00 219,452.22
120 Days 4 0 0 0 4
302,630.38 0.00 0.00 0.00 302,630.38
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 24 1 0 0 25
1,198,739.36 24,676.60 0.00 0.00 1,223,415.96
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.311953% 0.000000% 0.000000% 0.000000% 1.311953%
1.138279% 0.000000% 0.000000% 0.000000% 1.138279%
60 Days 0.874636% 0.000000% 0.000000% 0.000000% 0.874636%
0.561226% 0.000000% 0.000000% 0.000000% 0.561226%
90 Days 0.728863% 0.145773% 0.000000% 0.000000% 0.874636%
0.471990% 0.059798% 0.000000% 0.000000% 0.531787%
120 Days 0.583090% 0.000000% 0.000000% 0.000000% 0.583090%
0.733348% 0.000000% 0.000000% 0.000000% 0.733348%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.498542% 0.145773% 0.000000% 0.000000% 3.644315%
2.904843% 0.059798% 0.000000% 0.000000% 2.964640%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP 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 1 0 0 1
105,782.79 0.00 0.00 105,782.79
30 Days 32 0 0 0 32
5,040,759.32 0.00 0.00 0.00 5,040,759.32
60 Days 13 0 0 0 13
2,295,997.96 0.00 0.00 0.00 2,295,997.96
90 Days 11 2 1 0 14
1,646,983.66 344,362.91 309,162.84 0.00 2,300,509.41
120 Days 4 0 7 0 11
764,122.34 0.00 1,471,538.37 0.00 2,235,660.71
150 Days 0 1 0 0 1
0.00 212,361.70 0.00 0.00 212,361.70
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 60 4 8 0 72
9,747,863.28 662,507.40 1,780,701.21 0.00 12,191,071.89
0-29 Days 0.072780% 0.000000% 0.000000% 0.072780%
0.042805% 0.000000% 0.000000% 0.042805%
30 Days 2.328967% 0.000000% 0.000000% 0.000000% 2.328967%
2.039728% 0.000000% 0.000000% 0.000000% 2.039728%
60 Days 0.946143% 0.000000% 0.000000% 0.000000% 0.946143%
0.929069% 0.000000% 0.000000% 0.000000% 0.929069%
90 Days 0.800582% 0.145560% 0.072780% 0.000000% 1.018923%
0.666447% 0.139345% 0.125102% 0.000000% 0.930894%
120 Days 0.291121% 0.000000% 0.509461% 0.000000% 0.800582%
0.309200% 0.000000% 0.595453% 0.000000% 0.904653%
150 Days 0.000000% 0.072780% 0.000000% 0.000000% 0.072780%
0.000000% 0.085932% 0.000000% 0.000000% 0.085932%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.366812% 0.291121% 0.582242% 0.000000% 5.240175%
3.944443% 0.268082% 0.720555% 0.000000% 4.933080%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP III No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 1 0 0 1
26,523.21 0.00 0.00 26,523.21
30 Days 8 0 0 0 8
375,985.96 0.00 0.00 0.00 375,985.96
60 Days 2 0 0 0 2
97,545.83 0.00 0.00 0.00 97,545.83
90 Days 4 0 0 0 4
273,322.10 0.00 0.00 0.00 273,322.10
120 Days 5 0 0 0 5
320,411.43 0.00 0.00 0.00 320,411.43
150 Days 1 0 0 0 1
64,175.83 0.00 0.00 0.00 64,175.83
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 20 1 0 0 21
1,131,441.15 26,523.21 0.00 0.00 1,157,964.36
0-29 Days 0.245700% 0.000000% 0.000000% 0.245700%
0.094209% 0.000000% 0.000000% 0.094209%
30 Days 1.965602% 0.000000% 0.000000% 0.000000% 1.965602%
1.335483% 0.000000% 0.000000% 0.000000% 1.335483%
60 Days 0.491400% 0.000000% 0.000000% 0.000000% 0.491400%
0.346478% 0.000000% 0.000000% 0.000000% 0.346478%
90 Days 0.982801% 0.000000% 0.000000% 0.000000% 0.982801%
0.970826% 0.000000% 0.000000% 0.000000% 0.970826%
120 Days 1.228501% 0.000000% 0.000000% 0.000000% 1.228501%
1.138085% 0.000000% 0.000000% 0.000000% 1.138085%
150 Days 0.245700% 0.000000% 0.000000% 0.000000% 0.245700%
0.227949% 0.000000% 0.000000% 0.000000% 0.227949%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.914005% 0.245700% 0.000000% 0.000000% 5.159705%
4.018820% 0.094209% 0.000000% 0.000000% 4.113029%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GROUP IV 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 5 0 0 0 5
1,428,204.79 0.00 0.00 0.00 1,428,204.79
60 Days 3 0 0 0 3
634,621.29 0.00 0.00 0.00 634,621.29
90 Days 3 0 0 0 3
1,106,084.63 0.00 0.00 0.00 1,106,084.63
120 Days 2 0 0 0 2
680,358.42 0.00 0.00 0.00 680,358.42
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 13 0 0 0 13
3,849,269.13 0.00 0.00 0.00 3,849,269.13
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.878735% 0.000000% 0.000000% 0.000000% 0.878735%
0.838870% 0.000000% 0.000000% 0.000000% 0.838870%
60 Days 0.527241% 0.000000% 0.000000% 0.000000% 0.527241%
0.372751% 0.000000% 0.000000% 0.000000% 0.372751%
90 Days 0.527241% 0.000000% 0.000000% 0.000000% 0.527241%
0.649670% 0.000000% 0.000000% 0.000000% 0.649670%
120 Days 0.351494% 0.000000% 0.000000% 0.000000% 0.351494%
0.399615% 0.000000% 0.000000% 0.000000% 0.399615%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.284710% 0.000000% 0.000000% 0.000000% 2.284710%
2.260907% 0.000000% 0.000000% 0.000000% 2.260907%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 121,353.91
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 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 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.
GROUP III 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 IV 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 2 Dec-04 0.000%
Original Principal Balance 326,565.00 Jan-05 0.000%
Current Principal Balance 326,123.83 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 8 May-05 0.000%
Original Principal Balance 1,783,545.00 Jun-05 0.000%
Current Principal Balance 1,780,701.21 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.458%
Nov-05 0.366%
*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 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.
GROUP II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 2 Dec-04 0.000%
Original Principal Balance 326,565.00 Jan-05 0.000%
Current Principal Balance 326,123.83 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 8 May-05 0.000%
Original Principal Balance 1,783,545.00 Jun-05 0.000%
Current Principal Balance 1,780,701.21 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.759%
Nov-05 0.721%
*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 III 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.
GROUP IV 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 0.207%
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 II 0110440414 Oct-2005 01-Apr-2005 CA 80.00 260,000.00
GROUP II 0110440688 Oct-2005 01-Apr-2005 IL 80.00 268,000.00
GROUP II 0110440689 Oct-2005 01-Apr-2005 CA 77.50 310,000.00
GROUP II 0110440762 Nov-2005 01-Apr-2005 IL 80.00 132,000.00
GROUP II 0110440909 Oct-2005 01-Apr-2005 CA 80.00 332,000.00
GROUP II 0110441080 Oct-2005 01-Apr-2005 TX 95.00 188,100.00
GROUP II 0110444434 Oct-2005 01-Apr-2005 AZ 80.00 98,880.00
GROUP II 0110444532 Nov-2005 01-Apr-2005 FL 85.00 194,565.00
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 II 0110440414 259,485.97 01-May-2005 4 6.050% 7,182.67
GROUP II 0110440688 267,584.72 01-May-2005 4 7.300% 9,079.93
GROUP II 0110440689 309,162.84 01-Jun-2005 3 6.550% 7,783.49
GROUP II 0110440762 131,794.44 01-May-2005 4 7.275% 4,455.68
GROUP II 0110440909 331,696.93 01-May-2005 4 6.450% 9,842.13
GROUP II 0110441080 187,900.06 01-May-2005 4 9.150% 8,115.64
GROUP II 0110444434 98,746.86 01-May-2005 4 8.000% 3,696.64
GROUP II 0110444532 194,329.39 01-May-2005 4 8.520% 7,780.55
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.332049%
Weighted Average Net Rate 6.832048%
Weighted Average Pass Through Rate 6.809546%
Weighted Average Maturity 337
Record Date 10/31/2005
Principal and Interest Constant 3,321,211.61
Beginning Loan Count 3,129
Loans Paid in Full 93
Ending Loan Count 3,036
Beginning Scheduled Balance 504,528,406.60
Ending Scheduled Balance 486,681,887.39
Ending Actual Balance at 31-Oct-2005 486,802,832.37
Scheduled Principal 238,522.53
Unscheduled Principal 17,607,996.68
Scheduled Interest 3,082,689.08
Servicing Fee 210,220.17
Master Servicing Fee 3,153.30
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,306.60
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,863,009.01
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalties 377,749.28
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 6,511,954.80
Overcollateralized Amount 6,511,954.80
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement % 0.269350%
Group Level Collateral Statement
Group GROUP I GROUP II GROUP III
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 8.796726 7.143279 9.669737
Weighted Average Net Rate 8.296726 6.643279 9.169736
Weighted Average Maturity 256 352 196
Beginning Loan Count 702 1,413 422
Loans Paid In Full 16 39 15
Ending Loan Count 686 1,374 407
Beginning Scheduled Balance 42,477,424.24 255,954,729.68 29,225,151.91
Ending Scheduled Balance 41,257,284.54 247,041,427.65 28,147,798.89
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 341,247.41 1,687,635.96 249,469.56
Scheduled Principal 29,862.18 164,005.84 13,969.96
Unscheduled Principal 1,190,277.52 8,749,296.19 1,063,383.06
Scheduled Interest 311,385.23 1,523,630.12 235,499.60
Servicing Fees 17,698.93 106,647.80 12,177.15
Master Servicing Fees 265.48 1,599.72 182.66
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 530.97 3,199.43 365.31
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 292,889.85 1,412,183.17 222,774.48
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 8.274226 6.620779 9.147237
Group Level Collateral Statement
Group GROUP IV Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.867198 7.332049
Weighted Average Net Rate 6.367199 6.832048
Weighted Average Maturity 354 337
Beginning Loan Count 592 3,129
Loans Paid In Full 23 93
Ending Loan Count 569 3,036
Beginning Scheduled Balance 176,871,100.77 504,528,406.60
Ending scheduled Balance 170,235,376.31 486,681,887.39
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 1,042,858.68 3,321,211.61
Scheduled Principal 30,684.55 238,522.53
Unscheduled Principal 6,605,039.91 17,607,996.68
Scheduled Interest 1,012,174.13 3,082,689.08
Servicing Fees 73,696.29 210,220.17
Master Servicing Fees 1,105.44 3,153.30
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,210.89 6,306.60
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 935,161.51 2,863,009.01
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.344698 6.809546
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 16 1,190,330.00 1,185,237.49 0 0.00 0.00
GROUP II 39 8,770,320.00 8,741,916.82 0 0.00 0.00
GROUP III 15 1,066,700.00 1,062,232.64 0 0.00 0.00
GROUP IV 23 6,610,550.00 6,602,475.89 0 0.00 0.00
Total 93 17,637,900.00 17,591,862.84 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 0 0.00 0.00 0 0.00 0.00 5,751.48
GROUP II 0 0.00 0.00 0 0.00 0.00 11,763.74
GROUP III 0 0.00 0.00 0 0.00 0.00 1,818.79
GROUP IV 0 0.00 0.00 0 0.00 0.00 3,681.56
Total 0 0.00 0.00 0 0.00 0.00 23,015.57
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 0110422336 TX 100.00 01-Feb-2005 38,200.00 37,768.98
GROUP I 0110440351 CA 100.00 01-Apr-2005 57,000.00 56,864.50
GROUP I 0110440356 AZ 100.00 01-Apr-2005 27,980.00 27,897.39
GROUP I 0110440388 AZ 100.00 01-Apr-2005 36,600.00 36,468.04
GROUP I 0110440785 FL 90.00 01-Apr-2005 139,500.00 138,653.38
GROUP I 0110440882 OR 95.00 01-Apr-2005 33,750.00 33,517.37
GROUP I 0110440893 CA 100.00 01-Mar-2005 59,000.00 58,735.15
GROUP I 0110441002 CT 71.43 01-Apr-2005 125,000.00 124,203.14
GROUP I 0110443926 CA 100.00 01-May-2005 68,000.00 67,805.74
GROUP I 0110444014 WI 100.00 01-Apr-2005 34,300.00 34,198.73
GROUP I 0110444459 FL 80.00 01-May-2005 300,000.00 298,234.50
GROUP I 0110450330 CA 100.00 01-May-2005 53,000.00 52,863.67
GROUP I 0110450395 MO 100.00 01-May-2005 64,000.00 63,840.97
GROUP I 0110450539 CA 100.00 01-May-2005 66,000.00 65,724.54
GROUP I 0110450797 CA 100.00 01-May-2005 42,000.00 41,881.37
GROUP I 0110451917 CA 100.00 01-May-2005 46,000.00 45,868.57
GROUP II 0110440279 CA 70.00 01-Apr-2005 227,500.00 226,110.51
GROUP II 0110440354 CA 80.00 01-Apr-2005 228,000.00 226,169.38
GROUP II 0110440359 AZ 80.00 01-Apr-2005 111,920.00 111,883.54
GROUP II 0110440389 AZ 80.00 01-Apr-2005 146,400.00 145,271.83
GROUP II 0110440513 CA 68.00 01-Apr-2005 285,600.00 284,024.88
GROUP II 0110440580 CA 85.00 01-Apr-2005 334,050.00 334,041.00
GROUP II 0110440736 IL 80.00 01-Apr-2005 328,000.00 325,706.08
GROUP II 0110440760 CA 39.29 01-May-2005 110,000.00 109,238.89
GROUP II 0110440837 FL 90.00 01-Apr-2005 147,600.00 146,712.63
GROUP II 0110440864 CA 80.00 01-Apr-2005 185,600.00 184,466.91
GROUP II 0110440998 CA 83.64 01-Apr-2005 230,000.00 228,533.87
GROUP II 0110441136 CA 80.00 01-Mar-2005 288,000.00 287,914.65
GROUP II 0110441169 CA 79.29 01-Mar-2005 222,000.00 222,000.00
GROUP II 0110441259 IL 95.00 01-Apr-2005 327,750.00 326,019.89
GROUP II 0110444156 CA 80.00 01-May-2005 272,000.00 272,000.00
GROUP II 0110444309 CA 80.00 01-May-2005 304,000.00 304,000.00
GROUP II 0110444370 WI 80.00 01-Apr-2005 137,200.00 136,444.60
GROUP II 0110444378 CA 80.00 01-May-2005 220,000.00 220,000.00
GROUP II 0110444646 CA 77.47 01-Apr-2005 306,000.00 303,951.55
GROUP II 0110450306 CA 75.00 01-May-2005 158,250.00 157,316.84
GROUP II 0110450332 CA 80.00 01-May-2005 220,000.00 218,891.77
GROUP II 0110450333 CA 80.00 01-May-2005 212,000.00 210,749.97
GROUP II 0110450350 CA 85.00 01-May-2005 233,750.00 232,261.14
GROUP II 0110450450 CA 80.00 01-May-2005 200,000.00 198,614.56
GROUP II 0110450546 CA 80.00 01-May-2005 264,000.00 263,978.02
GROUP II 0110450870 IL 89.60 01-May-2005 299,250.00 297,940.46
GROUP II 0110450907 CA 65.00 01-May-2005 162,500.00 161,448.68
GROUP II 0110450928 IL 92.11 01-May-2005 350,000.00 350,000.00
GROUP II 0110450938 NV 85.00 01-May-2005 241,400.00 239,920.31
GROUP II 0110450974 CA 80.00 01-May-2005 280,000.00 279,921.91
GROUP II 0110450979 CA 71.43 01-May-2005 100,000.00 99,536.91
GROUP II 0110451081 CA 80.00 01-May-2005 338,000.00 338,000.00
GROUP II 0110451087 CA 80.00 01-May-2005 188,800.00 187,452.05
GROUP II 0110451227 MO 80.00 01-May-2005 256,000.00 254,412.51
GROUP II 0110451403 CA 80.00 01-May-2005 207,200.00 206,103.14
GROUP II 0110451580 IL 80.00 01-May-2005 56,000.00 55,701.73
GROUP II 0110451920 CA 80.00 01-May-2005 184,000.00 184,000.00
GROUP II 0110452048 CA 78.33 01-May-2005 235,000.00 235,000.00
GROUP II 0110465530 NV 85.00 01-Jun-2005 172,550.00 171,792.24
GROUP III 0110440579 CA 100.00 01-Apr-2005 58,600.00 58,385.97
GROUP III 0110440643 CA 100.00 01-Apr-2005 57,000.00 56,602.80
GROUP III 0110440734 IL 100.00 01-Apr-2005 82,000.00 81,701.27
GROUP III 0110440794 CA 100.00 01-Apr-2005 91,000.00 90,595.15
GROUP III 0110441135 CA 100.00 01-Mar-2005 72,000.00 71,670.45
GROUP III 0110443992 CA 100.00 01-May-2005 76,000.00 75,758.12
GROUP III 0110444017 CA 100.00 01-May-2005 55,000.00 54,831.73
GROUP III 0110444053 FL 100.00 01-May-2005 75,000.00 73,501.34
GROUP III 0110450356 CA 100.00 01-May-2005 83,000.00 82,775.29
GROUP III 0110450403 CA 100.00 01-May-2005 57,000.00 56,818.18
GROUP III 0110450571 CA 100.00 01-May-2005 106,400.00 106,043.87
GROUP III 0110450826 CA 100.00 01-May-2005 108,000.00 107,576.74
GROUP III 0110451079 CA 100.00 01-May-2005 84,500.00 84,271.18
GROUP III 0110451083 CA 100.00 01-May-2005 47,200.00 47,065.17
GROUP III 0110451573 IL 100.00 01-May-2005 14,000.00 13,967.01
GROUP IV 0110440435 CA 90.00 01-Apr-2005 369,000.00 369,000.00
GROUP IV 0110440448 CA 90.00 01-Apr-2005 387,000.00 384,869.21
GROUP IV 0110440583 CA 80.00 01-Apr-2005 234,400.00 234,400.00
GROUP IV 0110440795 CA 80.00 01-Apr-2005 364,000.00 363,892.13
GROUP IV 0110440883 OR 80.00 01-Apr-2005 180,000.00 179,642.84
GROUP IV 0110440898 CA 80.00 01-Mar-2005 236,000.00 235,939.93
GROUP IV 0110441025 CA 79.46 01-Apr-2005 294,000.00 294,000.00
GROUP IV 0110441066 CA 75.00 01-Apr-2005 367,500.00 364,763.08
GROUP IV 0110441216 IL 90.00 01-Apr-2005 274,500.00 274,500.00
GROUP IV 0110444265 CT 90.00 01-Apr-2005 180,000.00 178,361.34
GROUP IV 0110444356 CA 80.00 01-Apr-2005 224,000.00 224,000.00
GROUP IV 0110444365 CA 72.73 01-Apr-2005 200,000.00 200,000.00
GROUP IV 0110444374 UT 80.00 01-Apr-2005 160,800.00 160,800.00
GROUP IV 0110450359 CA 80.00 01-May-2005 332,000.00 332,000.00
GROUP IV 0110450572 CA 80.00 01-May-2005 425,600.00 425,600.00
GROUP IV 0110450827 CA 80.00 01-May-2005 432,000.00 432,000.00
GROUP IV 0110450915 CA 85.00 01-May-2005 258,400.00 258,400.00
GROUP IV 0110451343 IL 85.00 01-May-2005 220,150.00 220,084.96
GROUP IV 0110451411 CA 90.00 01-May-2005 273,300.00 273,300.00
GROUP IV 0110451648 AZ 79.99 01-May-2005 147,900.00 147,900.00
GROUP IV 0110451744 CA 68.49 01-May-2005 250,000.00 250,000.00
GROUP IV 0110451779 CA 84.04 01-May-2005 395,000.00 392,904.86
GROUP IV 0110451809 CA 90.00 01-May-2005 405,000.00 405,000.00
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
GROUP I 0110422336 Loan Paid in Full 0 9.700% 180 9
GROUP I 0110440351 Loan Paid in Full 0 11.990% 180 7
GROUP I 0110440356 Loan Paid in Full 0 10.990% 180 7
GROUP I 0110440388 Loan Paid in Full (1) 10.750% 180 7
GROUP I 0110440785 Loan Paid in Full (1) 7.500% 360 7
GROUP I 0110440882 Loan Paid in Full (1) 10.390% 180 7
GROUP I 0110440893 Loan Paid in Full (1) 10.120% 180 8
GROUP I 0110441002 Loan Paid in Full (1) 7.250% 360 7
GROUP I 0110443926 Loan Paid in Full (1) 10.500% 180 6
GROUP I 0110444014 Loan Paid in Full 0 10.990% 180 7
GROUP I 0110444459 Loan Paid in Full (1) 7.270% 360 6
GROUP I 0110450330 Loan Paid in Full (1) 10.990% 180 6
GROUP I 0110450395 Loan Paid in Full 0 11.150% 180 6
GROUP I 0110450539 Loan Paid in Full 0 10.000% 180 6
GROUP I 0110450797 Loan Paid in Full 0 10.850% 180 6
GROUP I 0110451917 Loan Paid in Full (1) 10.500% 180 6
GROUP II 0110440279 Loan Paid in Full 0 7.470% 360 7
GROUP II 0110440354 Loan Paid in Full 0 6.050% 360 7
GROUP II 0110440359 Loan Paid in Full (1) 7.770% 360 7
GROUP II 0110440389 Loan Paid in Full 0 6.495% 360 7
GROUP II 0110440513 Loan Paid in Full 0 8.200% 360 7
GROUP II 0110440580 Loan Paid in Full 0 7.250% 360 7
GROUP II 0110440736 Loan Paid in Full (1) 7.650% 360 7
GROUP II 0110440760 Loan Paid in Full (1) 6.120% 360 6
GROUP II 0110440837 Loan Paid in Full (1) 7.550% 360 7
GROUP II 0110440864 Loan Paid in Full 2 7.470% 360 7
GROUP II 0110440998 Loan Paid in Full 0 7.250% 360 7
GROUP II 0110441136 Loan Paid in Full 2 6.990% 360 8
GROUP II 0110441169 Loan Paid in Full 0 6.875% 360 8
GROUP II 0110441259 Loan Paid in Full 0 8.200% 360 7
GROUP II 0110444156 Loan Paid in Full (1) 6.990% 360 6
GROUP II 0110444309 Loan Paid in Full (1) 6.420% 360 6
GROUP II 0110444370 Loan Paid in Full 0 7.990% 360 7
GROUP II 0110444378 Loan Paid in Full (1) 7.520% 360 6
GROUP II 0110444646 Loan Paid in Full (1) 7.000% 360 7
GROUP II 0110450306 Loan Paid in Full 0 6.950% 360 6
GROUP II 0110450332 Loan Paid in Full (1) 7.750% 360 6
GROUP II 0110450333 Loan Paid in Full (1) 6.950% 360 6
GROUP II 0110450350 Loan Paid in Full (1) 6.620% 360 6
GROUP II 0110450450 Loan Paid in Full (1) 6.370% 360 6
GROUP II 0110450546 Loan Paid in Full 0 6.770% 360 6
GROUP II 0110450870 Loan Paid in Full (1) 8.450% 360 6
GROUP II 0110450907 Loan Paid in Full 0 6.470% 360 6
GROUP II 0110450928 Loan Paid in Full 0 7.050% 360 6
GROUP II 0110450938 Loan Paid in Full (1) 6.750% 360 6
GROUP II 0110450974 Loan Paid in Full 0 6.620% 360 6
GROUP II 0110450979 Loan Paid in Full 0 8.170% 360 6
GROUP II 0110451081 Loan Paid in Full (1) 7.270% 360 6
GROUP II 0110451087 Loan Paid in Full 0 6.190% 360 6
GROUP II 0110451227 Loan Paid in Full 0 6.690% 360 6
GROUP II 0110451403 Loan Paid in Full 0 7.500% 360 6
GROUP II 0110451580 Loan Paid in Full 0 7.470% 360 6
GROUP II 0110451920 Loan Paid in Full (1) 7.240% 360 6
GROUP II 0110452048 Loan Paid in Full (1) 6.990% 360 6
GROUP II 0110465530 Loan Paid in Full (1) 7.670% 360 5
GROUP III 0110440579 Loan Paid in Full 0 9.990% 180 7
GROUP III 0110440643 Loan Paid in Full 0 9.750% 180 7
GROUP III 0110440734 Loan Paid in Full (1) 10.770% 180 7
GROUP III 0110440794 Loan Paid in Full 0 9.500% 180 7
GROUP III 0110441135 Loan Paid in Full 2 9.990% 180 8
GROUP III 0110443992 Loan Paid in Full (1) 9.990% 180 6
GROUP III 0110444017 Loan Paid in Full (1) 10.990% 180 6
GROUP III 0110444053 Loan Paid in Full (1) 8.990% 180 6
GROUP III 0110450356 Loan Paid in Full (1) 10.750% 180 6
GROUP III 0110450403 Loan Paid in Full 0 9.990% 180 6
GROUP III 0110450571 Loan Paid in Full 0 9.750% 180 6
GROUP III 0110450826 Loan Paid in Full (1) 8.990% 180 6
GROUP III 0110451079 Loan Paid in Full 0 10.750% 180 6
GROUP III 0110451083 Loan Paid in Full 0 10.500% 180 6
GROUP III 0110451573 Loan Paid in Full 0 11.400% 180 6
GROUP IV 0110440435 Loan Paid in Full (1) 6.900% 360 7
GROUP IV 0110440448 Loan Paid in Full (1) 7.990% 360 7
GROUP IV 0110440583 Loan Paid in Full 0 6.990% 360 7
GROUP IV 0110440795 Loan Paid in Full 0 6.990% 360 7
GROUP IV 0110440883 Loan Paid in Full (1) 6.800% 360 7
GROUP IV 0110440898 Loan Paid in Full (1) 5.990% 360 8
GROUP IV 0110441025 Loan Paid in Full 0 7.375% 360 7
GROUP IV 0110441066 Loan Paid in Full 2 6.500% 360 7
GROUP IV 0110441216 Loan Paid in Full 0 8.520% 360 7
GROUP IV 0110444265 Loan Paid in Full (1) 5.750% 360 7
GROUP IV 0110444356 Loan Paid in Full 0 5.850% 360 7
GROUP IV 0110444365 Loan Paid in Full 0 7.470% 360 7
GROUP IV 0110444374 Loan Paid in Full (1) 6.000% 360 7
GROUP IV 0110450359 Loan Paid in Full (1) 6.750% 360 6
GROUP IV 0110450572 Loan Paid in Full 0 6.990% 360 6
GROUP IV 0110450827 Loan Paid in Full (1) 6.290% 360 6
GROUP IV 0110450915 Loan Paid in Full (1) 8.420% 360 6
GROUP IV 0110451343 Loan Paid in Full (1) 6.970% 360 6
GROUP IV 0110451411 Loan Paid in Full (1) 7.770% 360 6
GROUP IV 0110451648 Loan Paid in Full 0 7.670% 360 6
GROUP IV 0110451744 Loan Paid in Full 0 7.170% 360 6
GROUP IV 0110451779 Loan Paid in Full 0 7.490% 360 6
GROUP IV 0110451809 Loan Paid in Full 0 7.750% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.492% Current Month 34.720% Current Month 2,744.627%
3 Month Average 3.272% 3 Month Average 32.882% 3 Month Average 3,126.508%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 11.467% N/A Jun-2005 4,275.975% N/A
Jul-2005 21.945% N/A Jul-2005 4,684.616% N/A
Aug-2005 19.485% N/A Aug-2005 2,917.918% N/A
Sep-2005 29.700% N/A Sep-2005 3,424.821% N/A
Oct-2005 34.225% N/A Oct-2005 3,210.076% N/A
Nov-2005 34.720% N/A Nov-2005 2,744.627% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.804% Current Month 28.916% Current Month 2,307.746%
3 Month Average 2.033% 3 Month Average 21.629% 3 Month Average 2,009.834%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 13.317% N/A Jun-2005 5,255.433% N/A
Jul-2005 13.663% N/A Jul-2005 3,006.420% N/A
Aug-2005 7.681% N/A Aug-2005 1,173.793% N/A
Sep-2005 13.994% N/A Sep-2005 1,638.056% N/A
Oct-2005 21.977% N/A Oct-2005 2,083.700% N/A
Nov-2005 28.916% N/A Nov-2005 2,307.746% 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 II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.420% Current Month 34.140% Current Month 2,700.444%
3 Month Average 3.578% 3 Month Average 35.415% 3 Month Average 3,415.801%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 12.200% N/A Jun-2005 4,585.593% N/A
Jul-2005 21.288% N/A Jul-2005 4,566.790% N/A
Aug-2005 20.967% N/A Aug-2005 3,150.417% N/A
Sep-2005 35.857% N/A Sep-2005 4,143.526% N/A
Oct-2005 36.248% N/A Oct-2005 3,403.434% N/A
Nov-2005 34.140% N/A Nov-2005 2,700.444% 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 III
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.640% Current Month 35.917% Current Month 2,862.038%
3 Month Average 2.685% 3 Month Average 27.095% 3 Month Average 2,465.891%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 15.288% N/A Jun-2005 5,817.789% N/A
Jul-2005 13.074% N/A Jul-2005 2,826.166% N/A
Aug-2005 21.569% N/A Aug-2005 3,265.148% N/A
Sep-2005 11.016% N/A Sep-2005 1,282.203% N/A
Oct-2005 34.353% N/A Oct-2005 3,253.431% N/A
Nov-2005 35.917% N/A Nov-2005 2,862.038% 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 IV
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.735% Current Month 36.669% Current Month 2,885.618%
3 Month Average 3.211% 3 Month Average 32.279% 3 Month Average 3,017.244%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 9.301% N/A Jun-2005 3,375.633% N/A
Jul-2005 25.971% N/A Jul-2005 5,456.010% N/A
Aug-2005 19.505% N/A Aug-2005 2,887.958% N/A
Sep-2005 26.263% N/A Sep-2005 3,004.207% N/A
Oct-2005 33.904% N/A Oct-2005 3,161.907% N/A
Nov-2005 36.669% N/A Nov-2005 2,885.618% 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 0 0.00 0.00 0.000%
GROUP II 0 0.00 0.00 0.000%
GROUP III 0 0.00 0.00 0.000%
GROUP IV 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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 II
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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 III
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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 IV
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 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 N/A N/A May-2005 N/A 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>