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-HE2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-119047-07
Pooling and Servicing Agreement) (Commission 54-2169417
(State or other File Number) 54-2169418
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-HE2 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-HE2 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-HE2 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-HE2 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-HE2
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-1 004421LY7 SEN 4.25750% 530,868,538.43 1,946,259.91
A-2A 004421LZ4 SEN 4.12750% 89,127,992.76 316,781.93
A-2B 004421MA8 SEN 4.23750% 69,647,000.00 254,139.00
A-2C 004421MB6 SEN 4.34750% 39,120,000.00 146,452.78
M-1 004421MC4 MEZ 4.47750% 70,729,000.00 272,704.50
M-2 004421MD2 MEZ 4.48750% 39,023,000.00 150,794.09
M-3 004421ME0 MEZ 4.51750% 23,780,000.00 92,505.85
M-4 004421MF7 MEZ 4.67750% 21,341,000.00 85,958.29
M-5 004421MG5 MEZ 4.71750% 20,731,000.00 84,215.37
M-6 004421MH3 MEZ 4.78750% 18,292,000.00 75,410.04
M-7 004421MJ9 MEZ 5.26750% 15,243,000.00 69,140.77
M-8 004421MK6 MEZ 5.40750% 15,243,000.00 70,978.39
M-9 004421ML4 MEZ 6.01750% 12,195,000.00 63,191.27
M-10 004421MM2 MEZ 7.28750% 12,195,000.00 76,527.86
B-1 004421MN0 SUB 7.28750% 16,463,000.00 103,311.04
B-2 004421MP5 SUB 7.28750% 7,317,000.00 45,916.72
CE ACE05H2CE SUB 0.00000% 7,316,781.97 1,493,893.73
P ACE05HE2P SEN 0.00000% 100.00 810,326.93
R ACE05H2R1 SUB 0.00000% 0.00 0.00
Totals 1,008,632,413.16 6,158,508.47
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 27,716,950.65 0.00 503,151,587.78 29,663,210.56 0.00
A-2A 9,769,943.64 0.00 79,358,049.13 10,086,725.57 0.00
A-2B 0.00 0.00 69,647,000.00 254,139.00 0.00
A-2C 0.00 0.00 39,120,000.00 146,452.78 0.00
M-1 0.00 0.00 70,729,000.00 272,704.50 0.00
M-2 0.00 0.00 39,023,000.00 150,794.09 0.00
M-3 0.00 0.00 23,780,000.00 92,505.85 0.00
M-4 0.00 0.00 21,341,000.00 85,958.29 0.00
M-5 0.00 0.00 20,731,000.00 84,215.37 0.00
M-6 0.00 0.00 18,292,000.00 75,410.04 0.00
M-7 0.00 0.00 15,243,000.00 69,140.77 0.00
M-8 0.00 0.00 15,243,000.00 70,978.39 0.00
M-9 0.00 0.00 12,195,000.00 63,191.27 0.00
M-10 0.00 0.00 12,195,000.00 76,527.86 0.00
B-1 0.00 0.00 16,463,000.00 103,311.04 0.00
B-2 0.00 0.00 7,317,000.00 45,916.72 0.00
CE 0.00 0.00 7,316,781.97 1,493,893.73 0.00
P 0.00 0.00 100.00 810,326.93 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 37,486,894.29 0.00 971,145,518.88 43,645,402.76 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-1 680,337,000.00 530,868,538.43 0.00 27,716,950.65 0.00 0.00
A-2A 150,490,000.00 89,127,992.76 0.00 9,769,943.64 0.00 0.00
A-2B 69,647,000.00 69,647,000.00 0.00 0.00 0.00 0.00
A-2C 39,120,000.00 39,120,000.00 0.00 0.00 0.00 0.00
M-1 70,729,000.00 70,729,000.00 0.00 0.00 0.00 0.00
M-2 39,023,000.00 39,023,000.00 0.00 0.00 0.00 0.00
M-3 23,780,000.00 23,780,000.00 0.00 0.00 0.00 0.00
M-4 21,341,000.00 21,341,000.00 0.00 0.00 0.00 0.00
M-5 20,731,000.00 20,731,000.00 0.00 0.00 0.00 0.00
M-6 18,292,000.00 18,292,000.00 0.00 0.00 0.00 0.00
M-7 15,243,000.00 15,243,000.00 0.00 0.00 0.00 0.00
M-8 15,243,000.00 15,243,000.00 0.00 0.00 0.00 0.00
M-9 12,195,000.00 12,195,000.00 0.00 0.00 0.00 0.00
M-10 12,195,000.00 12,195,000.00 0.00 0.00 0.00 0.00
B-1 16,463,000.00 16,463,000.00 0.00 0.00 0.00 0.00
B-2 7,317,000.00 7,317,000.00 0.00 0.00 0.00 0.00
CE 7,317,562.49 7,316,781.97 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,219,463,662.49 1,008,632,413.16 0.00 37,486,894.29 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-1 27,716,950.65 503,151,587.78 0.73956229 27,716,950.65
A-2A 9,769,943.64 79,358,049.13 0.52733105 9,769,943.64
A-2B 0.00 69,647,000.00 1.00000000 0.00
A-2C 0.00 39,120,000.00 1.00000000 0.00
M-1 0.00 70,729,000.00 1.00000000 0.00
M-2 0.00 39,023,000.00 1.00000000 0.00
M-3 0.00 23,780,000.00 1.00000000 0.00
M-4 0.00 21,341,000.00 1.00000000 0.00
M-5 0.00 20,731,000.00 1.00000000 0.00
M-6 0.00 18,292,000.00 1.00000000 0.00
M-7 0.00 15,243,000.00 1.00000000 0.00
M-8 0.00 15,243,000.00 1.00000000 0.00
M-9 0.00 12,195,000.00 1.00000000 0.00
M-10 0.00 12,195,000.00 1.00000000 0.00
B-1 0.00 16,463,000.00 1.00000000 0.00
B-2 0.00 7,317,000.00 1.00000000 0.00
CE 0.00 7,316,781.97 0.99989334 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 37,486,894.29 971,145,518.88 0.79637102 37,486,894.29
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-1 680,337,000.00 780.30231845 0.00000000 40.74003126 0.00000000
A-2A 150,490,000.00 592.25192877 0.00000000 64.92088272 0.00000000
A-2B 69,647,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 39,120,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 70,729,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 39,023,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 23,780,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 21,341,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 20,731,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 18,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 15,243,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 15,243,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 12,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 12,195,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 16,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 7,317,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 7,317,562.49 999.89333607 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 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-1 0.00000000 40.74003126 739.56228719 0.73956229 40.74003126
A-2A 0.00000000 64.92088272 527.33104612 0.52733105 64.92088272
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
M-10 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 999.89333607 0.99989334 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 680,337,000.00 4.25750% 530,868,538.43 1,946,259.91 0.00 0.00
A-2A 150,490,000.00 4.12750% 89,127,992.76 316,781.93 0.00 0.00
A-2B 69,647,000.00 4.23750% 69,647,000.00 254,139.00 0.00 0.00
A-2C 39,120,000.00 4.34750% 39,120,000.00 146,452.78 0.00 0.00
M-1 70,729,000.00 4.47750% 70,729,000.00 272,704.50 0.00 0.00
M-2 39,023,000.00 4.48750% 39,023,000.00 150,794.09 0.00 0.00
M-3 23,780,000.00 4.51750% 23,780,000.00 92,505.85 0.00 0.00
M-4 21,341,000.00 4.67750% 21,341,000.00 85,958.29 0.00 0.00
M-5 20,731,000.00 4.71750% 20,731,000.00 84,215.37 0.00 0.00
M-6 18,292,000.00 4.78750% 18,292,000.00 75,410.04 0.00 0.00
M-7 15,243,000.00 5.26750% 15,243,000.00 69,140.77 0.00 0.00
M-8 15,243,000.00 5.40750% 15,243,000.00 70,978.39 0.00 0.00
M-9 12,195,000.00 6.01750% 12,195,000.00 63,191.27 0.00 0.00
M-10 12,195,000.00 7.28750% 12,195,000.00 76,527.86 0.00 0.00
B-1 16,463,000.00 7.28750% 16,463,000.00 103,311.04 0.00 0.00
B-2 7,317,000.00 7.28750% 7,317,000.00 45,916.72 0.00 0.00
CE 7,317,562.49 0.00000% 1,008,632,413.17 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 1,219,463,662.49 3,854,287.81 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1 0.00 0.00 1,946,259.91 0.00 503,151,587.78
A-2A 0.00 0.00 316,781.93 0.00 79,358,049.13
A-2B 0.00 0.00 254,139.00 0.00 69,647,000.00
A-2C 0.00 0.00 146,452.78 0.00 39,120,000.00
M-1 0.00 0.00 272,704.50 0.00 70,729,000.00
M-2 0.00 0.00 150,794.09 0.00 39,023,000.00
M-3 0.00 0.00 92,505.85 0.00 23,780,000.00
M-4 0.00 0.00 85,958.29 0.00 21,341,000.00
M-5 0.00 0.00 84,215.37 0.00 20,731,000.00
M-6 0.00 0.00 75,410.04 0.00 18,292,000.00
M-7 0.00 0.00 69,140.77 0.00 15,243,000.00
M-8 0.00 0.00 70,978.39 0.00 15,243,000.00
M-9 0.00 0.00 63,191.27 0.00 12,195,000.00
M-10 0.00 0.00 76,527.86 0.00 12,195,000.00
B-1 0.00 0.00 103,311.04 0.00 16,463,000.00
B-2 0.00 0.00 45,916.72 0.00 7,317,000.00
CE 0.00 0.00 1,493,893.73 0.00 971,145,518.88
P 0.00 0.00 810,326.93 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,158,508.47 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-1 680,337,000.00 4.25750% 780.30231845 2.86072918 0.00000000 0.00000000
A-2A 150,490,000.00 4.12750% 592.25192877 2.10500319 0.00000000 0.00000000
A-2B 69,647,000.00 4.23750% 1000.00000000 3.64895832 0.00000000 0.00000000
A-2C 39,120,000.00 4.34750% 1000.00000000 3.74368047 0.00000000 0.00000000
M-1 70,729,000.00 4.47750% 1000.00000000 3.85562499 0.00000000 0.00000000
M-2 39,023,000.00 4.48750% 1000.00000000 3.86423622 0.00000000 0.00000000
M-3 23,780,000.00 4.51750% 1000.00000000 3.89006939 0.00000000 0.00000000
M-4 21,341,000.00 4.67750% 1000.00000000 4.02784734 0.00000000 0.00000000
M-5 20,731,000.00 4.71750% 1000.00000000 4.06229174 0.00000000 0.00000000
M-6 18,292,000.00 4.78750% 1000.00000000 4.12256943 0.00000000 0.00000000
M-7 15,243,000.00 5.26750% 1000.00000000 4.53590304 0.00000000 0.00000000
M-8 15,243,000.00 5.40750% 1000.00000000 4.65645805 0.00000000 0.00000000
M-9 12,195,000.00 6.01750% 1000.00000000 5.18173596 0.00000000 0.00000000
M-10 12,195,000.00 7.28750% 1000.00000000 6.27534727 0.00000000 0.00000000
B-1 16,463,000.00 7.28750% 1000.00000000 6.27534714 0.00000000 0.00000000
B-2 7,317,000.00 7.28750% 1000.00000000 6.27534782 0.00000000 0.00000000
CE 7,317,562.49 0.00000% 137837.21212472 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 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-1 0.00000000 0.00000000 2.86072918 0.00000000 739.56228719
A-2A 0.00000000 0.00000000 2.10500319 0.00000000 527.33104612
A-2B 0.00000000 0.00000000 3.64895832 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.74368047 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.85562499 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.86423622 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.89006939 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 4.02784734 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 4.06229174 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.12256943 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.53590304 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.65645805 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 5.18173596 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 6.27534727 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 6.27534714 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 6.27534782 0.00000000 1000.00000000
CE 0.00000000 0.00000000 204.15182406 0.00000000 132714.34582310
P 0.00000000 0.00000000 8103269.30000000 0.00000000 1000.00000000
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 43,373,238.69
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 628,467.87
Realized Loss (Gains, Subsequent Expenses & Recoveries) (145,403.51)
Prepayment Penalties 810,326.93
Total Deposits 44,666,629.98
Withdrawals
Reimbursement for Servicer Advances 573,646.48
Payment of Service Fee 447,580.74
Payment of Interest and Principal 43,645,402.76
Total Withdrawals (Pool Distribution Amount) 44,666,629.98
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 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 420,263.75
Credit Risk Manager Fee - The Murrayhill Company 11,767.33
Master Servicing Fee Wells Fargo 15,549.66
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 447,580.74
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 29,815.18 29,815.18 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 7 0 0 7
751,402.74 0.00 0.00 751,402.74
30 Days 206 0 0 0 206
33,214,644.35 0.00 0.00 0.00 33,214,644.35
60 Days 123 0 0 0 123
21,104,417.66 0.00 0.00 0.00 21,104,417.66
90 Days 65 0 1 0 66
11,903,232.48 0.00 123,200.00 0.00 12,026,432.48
120 Days 75 1 1 0 77
11,587,839.53 143,470.41 292,800.00 0.00 12,024,109.94
150 Days 49 0 1 0 50
8,446,519.05 0.00 324,000.00 0.00 8,770,519.05
180+ Days 47 1 4 0 52
8,217,222.05 15,918.39 329,542.34 0.00 8,562,682.78
Totals 565 9 7 0 581
94,473,875.12 910,791.54 1,069,542.34 0.00 96,454,209.00
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 0.130915% 0.000000% 0.000000% 0.130915%
0.077304% 0.000000% 0.000000% 0.077304%
30 Days 3.852628% 0.000000% 0.000000% 0.000000% 3.852628%
3.417127% 0.000000% 0.000000% 0.000000% 3.417127%
60 Days 2.300355% 0.000000% 0.000000% 0.000000% 2.300355%
2.171225% 0.000000% 0.000000% 0.000000% 2.171225%
90 Days 1.215635% 0.000000% 0.018702% 0.000000% 1.234337%
1.224606% 0.000000% 0.012675% 0.000000% 1.237281%
120 Days 1.402656% 0.018702% 0.018702% 0.000000% 1.440060%
1.192158% 0.014760% 0.030123% 0.000000% 1.237042%
150 Days 0.916402% 0.000000% 0.018702% 0.000000% 0.935104%
0.868979% 0.000000% 0.033333% 0.000000% 0.902312%
180+ Days 0.878998% 0.018702% 0.074808% 0.000000% 0.972508%
0.845389% 0.001638% 0.033903% 0.000000% 0.880930%
Totals 10.566673% 0.168319% 0.130915% 0.000000% 10.865906%
9.719484% 0.093702% 0.110035% 0.000000% 9.923221%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 Sub Grp 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 3 0 0 3
148,106.57 0.00 0.00 148,106.57
30 Days 49 0 0 0 49
3,154,033.48 0.00 0.00 0.00 3,154,033.48
60 Days 29 0 0 0 29
1,122,279.71 0.00 0.00 0.00 1,122,279.71
90 Days 10 0 0 0 10
304,535.81 0.00 0.00 0.00 304,535.81
120 Days 17 0 0 0 17
749,006.22 0.00 0.00 0.00 749,006.22
150 Days 7 0 0 0 7
167,616.17 0.00 0.00 0.00 167,616.17
180+ Days 5 1 2 0 8
265,881.23 15,918.39 56,249.92 0.00 338,049.54
Totals 117 4 2 0 123
5,763,352.62 164,024.96 56,249.92 0.00 5,983,627.50
0-29 Days 0.220588% 0.000000% 0.000000% 0.220588%
0.136412% 0.000000% 0.000000% 0.136412%
30 Days 3.602941% 0.000000% 0.000000% 0.000000% 3.602941%
2.904999% 0.000000% 0.000000% 0.000000% 2.904999%
60 Days 2.132353% 0.000000% 0.000000% 0.000000% 2.132353%
1.033667% 0.000000% 0.000000% 0.000000% 1.033667%
90 Days 0.735294% 0.000000% 0.000000% 0.000000% 0.735294%
0.280490% 0.000000% 0.000000% 0.000000% 0.280490%
120 Days 1.250000% 0.000000% 0.000000% 0.000000% 1.250000%
0.689867% 0.000000% 0.000000% 0.000000% 0.689867%
150 Days 0.514706% 0.000000% 0.000000% 0.000000% 0.514706%
0.154382% 0.000000% 0.000000% 0.000000% 0.154382%
180+ Days 0.367647% 0.073529% 0.147059% 0.000000% 0.588235%
0.244888% 0.014662% 0.051809% 0.000000% 0.311358%
Totals 8.602941% 0.294118% 0.147059% 0.000000% 9.044118%
5.308293% 0.151074% 0.051809% 0.000000% 5.511176%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 Sub Grp 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 4 0 0 4
603,296.17 0.00 0.00 603,296.17
30 Days 136 0 0 0 136
23,040,843.73 0.00 0.00 0.00 23,040,843.73
60 Days 81 0 0 0 81
15,029,150.74 0.00 0.00 0.00 15,029,150.74
90 Days 45 0 1 0 46
8,547,152.26 0.00 123,200.00 0.00 8,670,352.26
120 Days 49 1 1 0 51
7,751,726.16 143,470.41 292,800.00 0.00 8,187,996.57
150 Days 36 0 1 0 37
7,017,582.57 0.00 324,000.00 0.00 7,341,582.57
180+ Days 33 0 2 0 35
5,439,213.36 0.00 273,292.42 0.00 5,712,505.78
Totals 380 5 5 0 390
66,825,668.82 746,766.58 1,013,292.42 0.00 68,585,727.82
0-29 Days 0.123495% 0.000000% 0.000000% 0.123495%
0.100916% 0.000000% 0.000000% 0.100916%
30 Days 4.198827% 0.000000% 0.000000% 0.000000% 4.198827%
3.854135% 0.000000% 0.000000% 0.000000% 3.854135%
60 Days 2.500772% 0.000000% 0.000000% 0.000000% 2.500772%
2.513987% 0.000000% 0.000000% 0.000000% 2.513987%
90 Days 1.389318% 0.000000% 0.030874% 0.000000% 1.420191%
1.429717% 0.000000% 0.020608% 0.000000% 1.450325%
120 Days 1.512813% 0.030874% 0.030874% 0.000000% 1.574560%
1.296663% 0.023999% 0.048978% 0.000000% 1.369639%
150 Days 1.111454% 0.000000% 0.030874% 0.000000% 1.142328%
1.173859% 0.000000% 0.054197% 0.000000% 1.228056%
180+ Days 1.018833% 0.000000% 0.061747% 0.000000% 1.080580%
0.909839% 0.000000% 0.045715% 0.000000% 0.955554%
Totals 11.732016% 0.154369% 0.154369% 0.000000% 12.040753%
11.178200% 0.124915% 0.169498% 0.000000% 11.472613%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Sub Grp 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 8 0 0 0 8
1,069,203.50 0.00 0.00 0.00 1,069,203.50
60 Days 4 0 0 0 4
695,749.45 0.00 0.00 0.00 695,749.45
90 Days 4 0 0 0 4
368,947.18 0.00 0.00 0.00 368,947.18
120 Days 3 0 0 0 3
629,344.39 0.00 0.00 0.00 629,344.39
150 Days 4 0 0 0 4
351,645.54 0.00 0.00 0.00 351,645.54
180+ Days 4 0 0 0 4
338,536.44 0.00 0.00 0.00 338,536.44
Totals 27 0 0 0 27
3,453,426.50 0.00 0.00 0.00 3,453,426.50
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 3.112840% 0.000000% 0.000000% 0.000000% 3.112840%
2.913494% 0.000000% 0.000000% 0.000000% 2.913494%
60 Days 1.556420% 0.000000% 0.000000% 0.000000% 1.556420%
1.895862% 0.000000% 0.000000% 0.000000% 1.895862%
90 Days 1.556420% 0.000000% 0.000000% 0.000000% 1.556420%
1.005352% 0.000000% 0.000000% 0.000000% 1.005352%
120 Days 1.167315% 0.000000% 0.000000% 0.000000% 1.167315%
1.714913% 0.000000% 0.000000% 0.000000% 1.714913%
150 Days 1.556420% 0.000000% 0.000000% 0.000000% 1.556420%
0.958206% 0.000000% 0.000000% 0.000000% 0.958206%
180+ Days 1.556420% 0.000000% 0.000000% 0.000000% 1.556420%
0.922485% 0.000000% 0.000000% 0.000000% 0.922485%
Totals 10.505837% 0.000000% 0.000000% 0.000000% 10.505837%
9.410311% 0.000000% 0.000000% 0.000000% 9.410311%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 Sub Grp 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 13 0 0 0 13
5,950,563.64 0.00 0.00 0.00 5,950,563.64
60 Days 9 0 0 0 9
4,257,237.76 0.00 0.00 0.00 4,257,237.76
90 Days 6 0 0 0 6
2,682,597.23 0.00 0.00 0.00 2,682,597.23
120 Days 6 0 0 0 6
2,457,762.76 0.00 0.00 0.00 2,457,762.76
150 Days 2 0 0 0 2
909,674.77 0.00 0.00 0.00 909,674.77
180+ Days 5 0 0 0 5
2,173,591.02 0.00 0.00 0.00 2,173,591.02
Totals 41 0 0 0 41
18,431,427.18 0.00 0.00 0.00 18,431,427.18
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.647658% 0.000000% 0.000000% 0.000000% 2.647658%
2.599490% 0.000000% 0.000000% 0.000000% 2.599490%
60 Days 1.832994% 0.000000% 0.000000% 0.000000% 1.832994%
1.859765% 0.000000% 0.000000% 0.000000% 1.859765%
90 Days 1.221996% 0.000000% 0.000000% 0.000000% 1.221996%
1.171886% 0.000000% 0.000000% 0.000000% 1.171886%
120 Days 1.221996% 0.000000% 0.000000% 0.000000% 1.221996%
1.073668% 0.000000% 0.000000% 0.000000% 1.073668%
150 Days 0.407332% 0.000000% 0.000000% 0.000000% 0.407332%
0.397389% 0.000000% 0.000000% 0.000000% 0.397389%
180+ Days 1.018330% 0.000000% 0.000000% 0.000000% 1.018330%
0.949528% 0.000000% 0.000000% 0.000000% 0.949528%
Totals 8.350305% 0.000000% 0.000000% 0.000000% 8.350305%
8.051727% 0.000000% 0.000000% 0.000000% 8.051727%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 628,467.87
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 P 1,219,463,562.49 99.99999180% 971,145,418.88 99.99998970% 0.000010% 0.000000%
Class CE 1,212,146,000.00 99.39992779% 963,828,636.91 99.24657203% 0.753418% 0.000000%
Class B-2 1,204,829,000.00 98.79990992% 956,511,636.91 98.49313191% 0.753440% 0.000000%
Class B-1 1,188,366,000.00 97.44989019% 940,048,636.91 96.79791737% 1.695215% 0.000000%
Class M-4 1,073,126,000.00 87.99983411% 824,808,636.91 84.93151859% 2.197508% 0.000000%
Class M-3 1,049,346,000.00 86.04979650% 801,028,636.91 82.48286393% 2.448655% 0.000000%
Class M-2 1,010,323,000.00 82.84978315% 762,005,636.91 78.46461958% 4.018244% 0.000000%
Class M-1 939,594,000.00 77.04977433% 691,276,636.91 71.18157099% 7.283049% 0.000000%
Class A1-A 0.00 0.00000000% 0.00 0.00000000% 51.810113% 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 Sub Grp 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 1 Sub Grp 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 2 Sub Grp 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 Sub Grp 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.
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 1 Dec-04 0.000%
Original Principal Balance 113,400.00 Jan-05 0.000%
Current Principal Balance 113,400.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 7 May-05 0.000%
Original Principal Balance 1,071,400.00 Jun-05 0.000%
Current Principal Balance 1,069,542.34 Jul-05 0.001%
Aug-05 0.015%
Sep-05 0.041%
Oct-05 0.151%
Nov-05 0.110%
*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 Sub Grp 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 2 May-05 0.000%
Original Principal Balance 58,000.00 Jun-05 0.000%
Current Principal Balance 56,249.92 Jul-05 0.006%
Aug-05 0.006%
Sep-05 0.049%
Oct-05 0.050%
Nov-05 0.052%
*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 Sub Grp 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 113,400.00 Jan-05 0.000%
Current Principal Balance 113,400.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 5 May-05 0.000%
Original Principal Balance 1,013,400.00 Jun-05 0.000%
Current Principal Balance 1,013,292.42 Jul-05 0.000%
Aug-05 0.024%
Sep-05 0.058%
Oct-05 0.179%
Nov-05 0.169%
*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 Sub Grp 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 Sub Grp 2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.152%
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 Sub Grp 1 0000173026 Sep-2005 01-Mar-2003 TX 72.34 51,000.00
Group 1 Sub Grp 1 0000430334 Jul-2005 01-Feb-2005 IL 95.00 7,000.00
Group 1 Sub Grp 2 0000424106 Oct-2005 01-Mar-2005 CA 80.00 324,000.00
Group 1 Sub Grp 2 0000425767 Aug-2005 01-Mar-2005 CA 63.87 160,000.00
Group 1 Sub Grp 2 0000425834 Oct-2005 01-Mar-2005 CA 80.00 123,200.00
Group 1 Sub Grp 2 0000428604 Nov-2005 01-Feb-2005 GA 90.00 113,400.00
Group 1 Sub Grp 2 0000433246 Oct-2005 01-Mar-2005 CA 80.00 292,800.00
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 Sub Grp 1 0000173026 49,249.92 01-Mar-2005 6 10.500% 3,265.43
Group 1 Sub Grp 1 0000430334 7,000.00 01-Jan-2005 8 11.250% 490.60
Group 1 Sub Grp 2 0000424106 324,000.00 01-Apr-2005 5 6.125% 10,631.25
Group 1 Sub Grp 2 0000425767 159,892.42 01-Mar-2005 6 7.990% 7,964.78
Group 1 Sub Grp 2 0000425834 123,200.00 01-Jun-2005 3 7.250% 3,465.00
Group 1 Sub Grp 2 0000428604 113,400.00 01-Jan-2005 8 7.200% 5,065.20
Group 1 Sub Grp 2 0000433246 292,800.00 01-May-2005 4 6.450% 8,710.80
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.068381%
Weighted Average Net Coupon 6.568381%
Weighted Average Pass-Through Rate 6.535881%
Weighted Average Maturity(Stepdown Calculation) 347
Beginning Scheduled Collateral Loan Count 5,542
Number Of Loans Paid In Full 195
Ending Scheduled Collateral Loan Count 5,347
Beginning Scheduled Collateral Balance 1,008,632,413.17
Ending Scheduled Collateral Balance 971,145,518.88
Ending Actual Collateral Balance at 31-Oct-2005 972,005,010.82
Monthly P&I Constant 6,600,270.90
Special Servicing Fee 0.00
Prepayment Penalties 810,326.93
Realized Loss Amount 145,403.51
Cumulative Realized Loss 260,647.07
Scheduled Principal 642,585.34
Unscheduled Principal 36,844,308.95
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 136,808.87
Overcollateralized reduction Amount 0.00
Specified O/C Amount 7,316,781.97
Overcollateralized Amount 7,316,781.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 136,808.87
Excess Cash Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.068381%
Weighted Average Net Rate 6.568381%
Weighted Average Pass Through Rate 6.535881%
Weighted Average Maturity 347
Record Date 10/31/2005
Principal and Interest Constant 6,600,270.90
Beginning Loan Count 5,542
Loans Paid in Full 195
Ending Loan Count 5,347
Beginning Scheduled Balance 1,008,632,413.17
Ending Scheduled Balance 971,145,518.88
Ending Actual Balance at 31-Oct-2005 972,005,010.82
Scheduled Principal 642,585.34
Unscheduled Principal 36,844,308.95
Scheduled Interest 5,957,685.56
Servicing Fee 420,263.75
Master Servicing Fee 15,549.66
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 11,767.38
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 5,510,104.92
Realized Loss Amount 145,403.51
Cumulative Realized Loss 260,647.07
Percentage of Cumulative Losses 0.0214
Special Servicing Fee 0.00
Prepayment Penalties 810,326.93
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 136,808.87
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 7,316,781.97
Overcollateralized Amount 7,316,781.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Miscellaneous Reporting
Credit Enhancement Percentage 0.29
Over Collateralization Amount 7,316,781.97
Over Collateralization Increase Amount 136,808.87
Over Collateralization Reduction Amount 0.00
Over Collateralization Target Amount 7,316,781.97
Senior Target Percentage 0.54
Specified Over Collateralization Amount 7,316,781.97
Group Level Collateral Statement
Group Group 1 Sub Grp 1 Group 1 Sub Grp 2 Group 2 Sub Grp 1
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.062090 7.051079 8.463672
Weighted Average Net Rate 7.562090 6.551079 7.963672
Weighted Average Maturity 323 351 318
Beginning Loan Count 1,410 3,352 271
Loans Paid In Full 50 113 14
Ending Loan Count 1,360 3,239 257
Beginning Scheduled Balance 112,624,593.95 620,855,813.31 38,215,620.65
Ending Scheduled Balance 108,459,790.66 597,268,010.42 36,664,215.35
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 861,541.64 4,039,766.51 298,332.28
Scheduled Principal 104,883.65 391,680.48 28,795.21
Unscheduled Principal 4,059,919.64 23,196,122.41 1,522,610.09
Scheduled Interest 756,657.99 3,648,086.03 269,537.07
Servicing Fees 46,926.91 258,689.92 15,923.18
Master Servicing Fees 1,736.30 9,571.53 589.16
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 1,313.95 7,243.32 445.85
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 706,680.83 3,372,581.26 252,578.88
Realized Loss Amount 88,806.81 56,596.70 0.00
Cumulative Realized Loss 204,050.37 56,596.70 0.00
Percentage of Cumulative Losses 0.1595 0.0075 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.529590 6.518579 7.931172
Group Level Collateral Statement
Group Group 2 Sub Grp 2 Total
Collateral Description Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.499995 7.068381
Weighted Average Net Rate 5.999995 6.568381
Weighted Average Maturity 351 347
Beginning Loan Count 509 5,542
Loans Paid In Full 18 195
Ending Loan Count 491 5,347
Beginning Scheduled Balance 236,936,385.26 1,008,632,413.17
Ending scheduled Balance 228,753,502.45 971,145,518.88
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 1,400,630.47 6,600,270.90
Scheduled Principal 117,226.00 642,585.34
Unscheduled Principal 8,065,656.81 36,844,308.95
Scheduled Interest 1,283,404.47 5,957,685.56
Servicing Fees 98,723.49 420,263.50
Master Servicing Fees 3,652.77 15,549.76
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,764.26 11,767.38
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 1,178,263.95 5,510,104.92
Realized Loss Amount 0.00 145,403.51
Cumulative Realized Loss 0.00 260,647.07
Percentage of Cumulative Losses 0.0000 0.0214
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.967495 6.535881
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 Sub Grp 1 49 3,940,550.60 3,912,777.20 0 0.00 0.00
Group 1 Sub Grp 2 112 23,264,440.40 23,141,274.30 0 0.00 0.00
Group 2 Sub Grp 1 14 1,539,954.00 1,522,360.12 0 0.00 0.00
Group 2 Sub Grp 2 18 8,111,982.00 8,067,220.32 0 0.00 0.00
Total 193 36,856,927.00 36,643,631.94 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 Sub Grp 1 0 0.00 0.00 1 82,000.00 81,825.22 68,290.80
Group 1 Sub Grp 2 0 0.00 0.00 1 55,200.00 54,983.65 13,341.92
Group 2 Sub Grp 1 0 0.00 0.00 0 0.00 0.00 1,281.89
Group 2 Sub Grp 2 0 0.00 0.00 0 0.00 0.00 3,539.08
Total 0 0.00 0.00 2 137,200.00 136,808.87 86,453.69
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 Sub Grp 1 0000423732 TX 80.00 01-Feb-2005 140,496.00 139,065.42
Group 1 Sub Grp 1 0000424128 AZ 100.00 01-Feb-2005 33,900.00 33,750.27
Group 1 Sub Grp 1 0000424139 AZ 100.00 01-Feb-2005 29,905.00 29,760.32
Group 1 Sub Grp 1 0000424997 CO 100.00 01-Mar-2005 34,600.00 34,461.33
Group 1 Sub Grp 1 0000425000 CA 100.00 01-Mar-2005 120,000.00 118,758.11
Group 1 Sub Grp 1 0000425546 CA 100.00 01-Mar-2005 105,800.00 105,428.55
Group 1 Sub Grp 1 0000425549 CA 61.08 01-Feb-2005 75,000.00 74,746.97
Group 1 Sub Grp 1 0000425719 CA 100.00 01-Mar-2005 61,000.00 60,719.78
Group 1 Sub Grp 1 0000427310 MA 100.00 01-Feb-2005 67,600.00 67,327.84
Group 1 Sub Grp 1 0000427524 NJ 100.00 01-Feb-2005 230,000.00 228,283.91
Group 1 Sub Grp 1 0000427592 NY 59.53 01-Feb-2005 253,000.00 250,677.04
Group 1 Sub Grp 1 0000427732 NJ 77.82 01-Feb-2005 214,000.00 212,421.83
Group 1 Sub Grp 1 0000428069 WA 100.00 01-Feb-2005 33,400.00 33,265.53
Group 1 Sub Grp 1 0000428070 NY 90.00 01-Feb-2005 45,500.00 45,302.66
Group 1 Sub Grp 1 0000428156 HI 95.00 01-Feb-2005 60,000.00 59,643.14
Group 1 Sub Grp 1 0000428169 CA 100.00 01-Feb-2005 64,000.00 63,635.56
Group 1 Sub Grp 1 0000428227 HI 80.00 01-Feb-2005 320,000.00 316,885.61
Group 1 Sub Grp 1 0000428257 MD 100.00 01-Feb-2005 48,800.00 48,514.20
Group 1 Sub Grp 1 0000428520 CA 100.00 01-Feb-2005 50,979.60 50,785.00
Group 1 Sub Grp 1 0000428716 NJ 85.00 01-Feb-2005 260,100.00 257,802.97
Group 1 Sub Grp 1 0000428717 CA 100.00 01-Jan-2005 51,000.00 50,727.19
Group 1 Sub Grp 1 0000429035 MD 100.00 01-Feb-2005 30,000.00 29,922.88
Group 1 Sub Grp 1 0000429075 MD 100.00 01-Feb-2005 34,980.00 34,797.70
Group 1 Sub Grp 1 0000429546 MA 95.00 01-Feb-2005 6,500.00 6,205.34
Group 1 Sub Grp 1 0000429741 NM 100.00 01-Feb-2005 25,000.00 24,816.21
Group 1 Sub Grp 1 0000430003 FL 100.00 01-Jan-2005 38,000.00 37,762.89
Group 1 Sub Grp 1 0000430012 FL 95.00 01-Feb-2005 24,000.00 23,481.37
Group 1 Sub Grp 1 0000430042 FL 100.00 01-Jan-2005 69,200.00 68,743.31
Group 1 Sub Grp 1 0000430093 NY 100.00 01-Feb-2005 82,000.00 81,825.22
Group 1 Sub Grp 1 0000430283 NJ 100.00 01-Feb-2005 37,500.00 37,332.18
Group 1 Sub Grp 1 0000430811 IL 100.00 01-Feb-2005 41,000.00 40,870.37
Group 1 Sub Grp 1 0000431001 MD 75.00 01-Feb-2005 120,000.00 119,091.09
Group 1 Sub Grp 1 0000431295 CA 100.00 01-Feb-2005 58,705.00 58,463.74
Group 1 Sub Grp 1 0000431461 CO 95.00 01-Feb-2005 10,625.00 10,135.07
Group 1 Sub Grp 1 0000431540 NY 100.00 01-Feb-2005 65,000.00 64,550.52
Group 1 Sub Grp 1 0000431671 NJ 100.00 01-Feb-2005 85,600.00 85,298.21
Group 1 Sub Grp 1 0000431676 UT 100.00 01-Feb-2005 30,800.00 30,672.67
Group 1 Sub Grp 1 0000432204 AZ 100.00 01-Feb-2005 30,410.00 30,296.91
Group 1 Sub Grp 1 0000432254 VA 100.00 01-Feb-2005 65,200.00 64,863.86
Group 1 Sub Grp 1 0000432362 CA 29.23 01-Feb-2005 190,000.00 188,178.80
Group 1 Sub Grp 1 0000432416 PA 100.00 01-Feb-2005 42,580.00 42,389.46
Group 1 Sub Grp 1 0000432507 MA 65.00 01-Feb-2005 175,500.00 171,832.87
Group 1 Sub Grp 1 0000432514 NV 92.94 01-Jan-2005 33,000.00 32,857.04
Group 1 Sub Grp 1 0000432571 AZ 100.00 01-Feb-2005 36,000.00 35,891.93
Group 1 Sub Grp 1 0000432716 CA 64.75 01-Jan-2005 129,500.00 128,295.34
Group 1 Sub Grp 1 0000432972 NV 90.00 01-Mar-2005 60,870.00 60,642.09
Group 1 Sub Grp 1 0000433111 FL 100.00 01-Feb-2005 30,000.00 29,888.26
Group 1 Sub Grp 1 0000433305 CA 100.00 01-Jan-2005 31,500.00 31,069.44
Group 1 Sub Grp 1 0000433312 WA 100.00 01-Mar-2005 50,000.00 49,793.70
Group 1 Sub Grp 1 0000433664 CA 100.00 01-Mar-2005 90,000.00 89,697.14
Group 1 Sub Grp 2 0000417553 CO 85.00 01-Dec-2004 170,000.00 168,404.58
Group 1 Sub Grp 2 0000423445 AZ 80.00 01-Feb-2005 291,200.00 291,200.00
Group 1 Sub Grp 2 0000423714 TN 83.85 01-Feb-2005 109,000.00 108,207.93
Group 1 Sub Grp 2 0000424129 AZ 80.00 01-Feb-2005 135,600.00 134,313.60
Group 1 Sub Grp 2 0000424865 CA 80.00 01-Feb-2005 358,952.00 358,952.00
Group 1 Sub Grp 2 0000425030 AZ 47.50 01-Mar-2005 90,000.00 89,242.58
Group 1 Sub Grp 2 0000425046 FL 36.17 01-Mar-2005 150,000.00 149,158.63
Group 1 Sub Grp 2 0000425565 CA 76.89 01-Mar-2005 304,500.00 302,393.96
Group 1 Sub Grp 2 0000425730 CA 85.00 01-Mar-2005 348,500.00 348,500.00
Group 1 Sub Grp 2 0000425744 CA 80.00 01-Mar-2005 244,000.00 244,000.00
Group 1 Sub Grp 2 0000425745 CA 80.00 01-Mar-2005 336,000.00 336,000.00
Group 1 Sub Grp 2 0000427283 NY 67.11 01-Feb-2005 300,000.00 297,247.26
Group 1 Sub Grp 2 0000427319 MA 80.00 01-Feb-2005 270,400.00 270,400.00
Group 1 Sub Grp 2 0000427402 NJ 71.23 01-Feb-2005 260,000.00 257,872.21
Group 1 Sub Grp 2 0000427488 NJ 76.74 01-Feb-2005 165,000.00 163,892.72
Group 1 Sub Grp 2 0000427504 NJ 90.00 01-Feb-2005 322,650.00 320,328.46
Group 1 Sub Grp 2 0000427535 NJ 95.00 01-Feb-2005 187,150.00 185,649.64
Group 1 Sub Grp 2 0000427606 RI 53.88 01-Feb-2005 125,000.00 123,678.67
Group 1 Sub Grp 2 0000427640 SC 90.00 01-Feb-2005 70,235.00 69,724.55
Group 1 Sub Grp 2 0000427653 NJ 76.58 01-Feb-2005 291,000.00 288,926.85
Group 1 Sub Grp 2 0000427693 VA 72.74 01-Feb-2005 170,200.00 168,887.85
Group 1 Sub Grp 2 0000427745 MA 80.00 01-Feb-2005 336,000.00 332,739.40
Group 1 Sub Grp 2 0000427950 NY 85.00 01-Dec-2004 318,750.00 316,007.01
Group 1 Sub Grp 2 0000427954 CT 80.00 01-Nov-2004 251,200.00 248,453.96
Group 1 Sub Grp 2 0000427999 NV 90.00 01-Feb-2005 180,000.00 180,000.00
Group 1 Sub Grp 2 0000428033 MD 90.00 01-Feb-2005 243,000.00 243,000.00
Group 1 Sub Grp 2 0000428054 CA 75.00 01-Feb-2005 127,500.00 127,468.71
Group 1 Sub Grp 2 0000428100 WA 80.00 01-Feb-2005 133,600.00 132,406.46
Group 1 Sub Grp 2 0000428107 NY 80.00 01-Feb-2005 364,000.00 360,595.66
Group 1 Sub Grp 2 0000428191 CA 80.00 01-Feb-2005 256,000.00 255,817.22
Group 1 Sub Grp 2 0000428276 MD 80.00 01-Feb-2005 195,200.00 193,339.37
Group 1 Sub Grp 2 0000428335 MD 80.00 01-Feb-2005 109,600.00 108,890.63
Group 1 Sub Grp 2 0000428490 CA 80.00 01-Feb-2005 224,000.00 222,221.08
Group 1 Sub Grp 2 0000428577 CA 80.00 01-Feb-2005 203,918.40 203,918.40
Group 1 Sub Grp 2 0000428631 CA 80.00 01-Feb-2005 309,600.00 309,600.00
Group 1 Sub Grp 2 0000428678 MI 80.00 01-Feb-2005 55,200.00 54,983.65
Group 1 Sub Grp 2 0000428710 MD 80.00 01-Feb-2005 320,000.00 316,357.84
Group 1 Sub Grp 2 0000428718 CA 80.00 01-Jan-2005 204,000.00 204,000.00
Group 1 Sub Grp 2 0000428768 WA 80.00 01-Feb-2005 150,000.00 148,404.12
Group 1 Sub Grp 2 0000428777 CA 78.26 01-Feb-2005 180,000.00 178,439.13
Group 1 Sub Grp 2 0000428809 ID 64.96 01-Feb-2005 79,250.00 78,644.99
Group 1 Sub Grp 2 0000428855 CA 80.00 01-Feb-2005 288,100.00 285,456.38
Group 1 Sub Grp 2 0000428908 CA 80.00 01-Dec-2004 304,000.00 301,455.37
Group 1 Sub Grp 2 0000429038 MD 80.00 01-Feb-2005 120,000.00 119,119.26
Group 1 Sub Grp 2 0000429113 PA 89.78 01-Feb-2005 202,000.00 200,332.66
Group 1 Sub Grp 2 0000429156 FL 90.00 01-Feb-2005 105,750.00 105,750.00
Group 1 Sub Grp 2 0000429170 NY 61.19 01-Feb-2005 205,000.00 204,143.45
Group 1 Sub Grp 2 0000429370 GA 90.00 01-Feb-2005 130,500.00 129,503.77
Group 1 Sub Grp 2 0000429394 NJ 90.00 01-Feb-2005 427,500.00 423,971.42
Group 1 Sub Grp 2 0000429495 FL 80.00 01-Feb-2005 125,600.00 124,829.37
Group 1 Sub Grp 2 0000429515 FL 80.00 01-Feb-2005 171,200.00 171,200.00
Group 1 Sub Grp 2 0000429608 MA 90.00 01-Feb-2005 117,000.00 116,106.76
Group 1 Sub Grp 2 0000429707 FL 80.00 01-Feb-2005 226,800.00 224,797.04
Group 1 Sub Grp 2 0000429748 MD 80.00 01-Jan-2005 264,000.00 261,525.10
Group 1 Sub Grp 2 0000429756 NM 80.00 01-Feb-2005 100,000.00 98,948.26
Group 1 Sub Grp 2 0000429784 GA 90.00 01-Jan-2005 56,358.00 55,859.41
Group 1 Sub Grp 2 0000429808 VA 80.00 01-Feb-2005 122,400.00 121,694.06
Group 1 Sub Grp 2 0000429866 FL 90.00 01-Feb-2005 128,700.00 127,755.51
Group 1 Sub Grp 2 0000429954 NY 64.85 01-Feb-2005 190,000.00 188,870.19
Group 1 Sub Grp 2 0000430008 FL 80.00 01-Jan-2005 152,000.00 150,383.92
Group 1 Sub Grp 2 0000430047 FL 80.00 01-Jan-2005 276,800.00 276,735.41
Group 1 Sub Grp 2 0000430122 VA 55.77 01-Dec-2004 290,000.00 288,265.34
Group 1 Sub Grp 2 0000430138 IL 90.00 01-Dec-2004 252,000.00 249,560.93
Group 1 Sub Grp 2 0000430202 CA 75.00 01-Feb-2005 328,500.00 326,041.13
Group 1 Sub Grp 2 0000430294 NJ 85.00 01-Feb-2005 212,500.00 210,623.32
Group 1 Sub Grp 2 0000430327 WV 79.74 01-Feb-2005 155,500.00 154,456.44
Group 1 Sub Grp 2 0000430534 NJ 85.00 01-Feb-2005 238,000.00 235,958.02
Group 1 Sub Grp 2 0000430649 NJ 80.00 01-Feb-2005 140,000.00 139,167.47
Group 1 Sub Grp 2 0000430825 IL 80.00 01-Feb-2005 164,000.00 162,606.40
Group 1 Sub Grp 2 0000430829 IL 90.00 01-Feb-2005 621,000.00 615,409.66
Group 1 Sub Grp 2 0000430964 MD 100.00 01-Feb-2005 157,700.00 156,514.36
Group 1 Sub Grp 2 0000431169 IL 63.44 01-Feb-2005 177,000.00 176,340.76
Group 1 Sub Grp 2 0000431207 IL 100.00 01-Dec-2004 208,000.00 206,576.03
Group 1 Sub Grp 2 0000431297 MD 75.00 01-Feb-2005 157,500.00 156,697.06
Group 1 Sub Grp 2 0000431338 CA 69.73 01-Feb-2005 135,970.00 135,969.98
Group 1 Sub Grp 2 0000431343 CA 76.08 01-Feb-2005 176,500.00 175,277.07
Group 1 Sub Grp 2 0000431417 CA 64.94 01-Feb-2005 250,000.00 247,892.02
Group 1 Sub Grp 2 0000431478 CA 73.39 01-Feb-2005 240,000.00 238,615.83
Group 1 Sub Grp 2 0000431479 NV 85.00 01-Feb-2005 209,950.00 208,327.75
Group 1 Sub Grp 2 0000431582 MD 73.22 01-Feb-2005 216,000.00 213,972.79
Group 1 Sub Grp 2 0000431585 CA 80.00 01-Feb-2005 274,631.00 272,623.37
Group 1 Sub Grp 2 0000431640 CA 53.64 01-Feb-2005 118,000.00 117,298.33
Group 1 Sub Grp 2 0000431695 CA 50.65 01-Feb-2005 195,000.00 193,436.72
Group 1 Sub Grp 2 0000431798 NY 80.00 01-Feb-2005 260,000.00 257,302.59
Group 1 Sub Grp 2 0000431917 FL 82.96 01-Feb-2005 112,000.00 111,209.91
Group 1 Sub Grp 2 0000431978 CA 56.92 01-Feb-2005 185,000.00 183,205.07
Group 1 Sub Grp 2 0000432112 CA 63.45 01-Feb-2005 125,000.00 125,000.00
Group 1 Sub Grp 2 0000432244 AZ 80.00 01-Feb-2005 121,640.00 121,640.00
Group 1 Sub Grp 2 0000432247 AZ 90.00 01-Feb-2005 109,800.00 108,874.16
Group 1 Sub Grp 2 0000432354 AZ 80.00 01-Jan-2005 208,000.00 208,000.00
Group 1 Sub Grp 2 0000432421 CA 80.00 01-Feb-2005 302,400.00 302,384.95
Group 1 Sub Grp 2 0000432500 PA 80.00 01-Feb-2005 170,320.00 168,519.73
Group 1 Sub Grp 2 0000432518 CA 60.98 01-Jan-2005 250,000.00 248,053.72
Group 1 Sub Grp 2 0000432521 AZ 80.00 01-Feb-2005 109,156.00 108,235.56
Group 1 Sub Grp 2 0000432560 CA 75.00 01-Feb-2005 243,750.00 241,961.07
Group 1 Sub Grp 2 0000432601 AZ 80.00 01-Feb-2005 144,000.00 142,883.56
Group 1 Sub Grp 2 0000432618 CA 71.43 01-Feb-2005 150,000.00 148,832.25
Group 1 Sub Grp 2 0000432684 CA 80.00 01-Jan-2005 160,000.00 158,691.29
Group 1 Sub Grp 2 0000432704 NV 71.43 01-Jan-2005 200,000.00 198,229.84
Group 1 Sub Grp 2 0000432778 CA 90.00 01-Jan-2005 267,750.00 267,749.99
Group 1 Sub Grp 2 0000432825 CA 63.93 01-Dec-2004 195,000.00 193,785.06
Group 1 Sub Grp 2 0000432842 NJ 80.00 01-Dec-2004 228,000.00 225,898.21
Group 1 Sub Grp 2 0000432853 FL 90.00 01-Dec-2004 157,410.00 155,958.84
Group 1 Sub Grp 2 0000432856 FL 90.00 01-Dec-2004 157,500.00 155,896.88
Group 1 Sub Grp 2 0000432992 CA 54.50 01-Mar-2005 109,000.00 108,260.80
Group 1 Sub Grp 2 0000433000 CA 78.95 01-Mar-2005 150,000.00 148,679.65
Group 1 Sub Grp 2 0000433029 CA 72.98 01-Mar-2005 208,000.00 208,000.00
Group 1 Sub Grp 2 0000433142 FL 90.00 01-Mar-2005 166,500.00 165,440.12
Group 1 Sub Grp 2 0000433169 CA 80.00 01-Mar-2005 358,400.00 358,400.00
Group 1 Sub Grp 2 0000433265 CA 80.00 01-Mar-2005 344,000.00 344,000.00
Group 1 Sub Grp 2 0000433354 CA 80.00 01-Mar-2005 232,000.00 232,000.00
Group 1 Sub Grp 2 0000433691 FL 95.00 01-Feb-2005 156,750.00 156,750.00
Group 1 Sub Grp 2 0000433701 CA 85.00 01-Mar-2005 166,600.00 166,600.00
Group 2 Sub Grp 1 0000423444 AZ 100.00 01-Feb-2005 72,800.00 72,030.08
Group 2 Sub Grp 1 0000424841 CA 100.00 01-Feb-2005 89,738.00 89,256.24
Group 2 Sub Grp 1 0000425720 CA 100.00 01-Mar-2005 84,000.00 83,606.08
Group 2 Sub Grp 1 0000427717 NJ 100.00 01-Feb-2005 91,000.00 80,952.03
Group 2 Sub Grp 1 0000428609 CA 100.00 01-Feb-2005 77,400.00 76,952.64
Group 2 Sub Grp 1 0000428701 MD 100.00 01-Feb-2005 80,000.00 79,581.50
Group 2 Sub Grp 1 0000428854 CA 100.00 01-Feb-2005 72,026.00 71,833.74
Group 2 Sub Grp 1 0000431577 CA 100.00 01-Feb-2005 110,900.00 110,406.19
Group 2 Sub Grp 1 0000432110 CA 100.00 01-Feb-2005 122,990.00 122,423.82
Group 2 Sub Grp 1 0000432232 CA 90.00 01-Feb-2005 364,500.00 361,154.02
Group 2 Sub Grp 1 0000432412 CA 98.25 01-Feb-2005 69,000.00 68,643.72
Group 2 Sub Grp 1 0000432984 CA 100.00 01-Mar-2005 130,000.00 129,492.28
Group 2 Sub Grp 1 0000433106 CA 100.00 01-Mar-2005 89,600.00 89,285.28
Group 2 Sub Grp 1 0000433131 CA 100.00 01-Mar-2005 86,000.00 85,710.58
Group 2 Sub Grp 2 0000424077 CA 80.00 01-Feb-2005 421,472.00 421,447.59
Group 2 Sub Grp 2 0000425576 CA 81.12 01-Mar-2005 397,500.00 393,651.00
Group 2 Sub Grp 2 0000425585 CA 80.00 01-Mar-2005 423,200.00 423,200.00
Group 2 Sub Grp 2 0000425774 CA 80.00 01-Feb-2005 480,000.00 476,281.44
Group 2 Sub Grp 2 0000427383 NY 40.00 01-Feb-2005 500,000.00 496,542.59
Group 2 Sub Grp 2 0000427726 NJ 80.00 01-Feb-2005 364,000.00 363,900.16
Group 2 Sub Grp 2 0000427978 CA 76.20 01-Feb-2005 500,000.00 496,321.17
Group 2 Sub Grp 2 0000428382 CA 80.00 01-Feb-2005 472,000.00 467,103.21
Group 2 Sub Grp 2 0000428720 CA 85.00 01-Jan-2005 599,250.00 594,102.37
Group 2 Sub Grp 2 0000428729 CA 80.00 01-Jan-2005 364,000.00 364,000.00
Group 2 Sub Grp 2 0000431612 CA 80.00 01-Feb-2005 443,600.00 439,529.59
Group 2 Sub Grp 2 0000431661 CA 90.00 01-Feb-2005 418,500.00 414,623.10
Group 2 Sub Grp 2 0000432122 CA 87.13 01-Feb-2005 409,500.00 405,049.35
Group 2 Sub Grp 2 0000432221 CA 80.00 01-Feb-2005 572,000.00 566,495.90
Group 2 Sub Grp 2 0000432223 CA 80.00 01-Feb-2005 491,960.00 487,358.96
Group 2 Sub Grp 2 0000433026 CA 80.00 01-Mar-2005 520,000.00 520,000.00
Group 2 Sub Grp 2 0000433714 CA 88.24 01-Mar-2005 375,000.00 372,511.30
Group 2 Sub Grp 2 0000433724 CA 80.00 01-Mar-2005 360,000.00 360,000.00
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 1 Sub Grp 1 0000423732 Loan Paid in Full 0 6.000% 360 9
Group 1 Sub Grp 1 0000424128 Loan Paid in Full 0 10.750% 180 9
Group 1 Sub Grp 1 0000424139 Loan Paid in Full 0 10.250% 180 9
Group 1 Sub Grp 1 0000424997 Loan Paid in Full 0 11.500% 180 8
Group 1 Sub Grp 1 0000425000 Loan Paid in Full 0 11.375% 180 8
Group 1 Sub Grp 1 0000425546 Loan Paid in Full 0 10.750% 180 8
Group 1 Sub Grp 1 0000425549 Loan Paid in Full 0 11.450% 180 9
Group 1 Sub Grp 1 0000425719 Loan Paid in Full 1 10.000% 180 8
Group 1 Sub Grp 1 0000427310 Loan Paid in Full 0 10.625% 360 9
Group 1 Sub Grp 1 0000427524 Loan Paid in Full 0 8.700% 360 9
Group 1 Sub Grp 1 0000427592 Loan Paid in Full 0 7.450% 360 9
Group 1 Sub Grp 1 0000427732 Loan Paid in Full 0 7.900% 360 9
Group 1 Sub Grp 1 0000428069 Loan Paid in Full 0 10.625% 360 9
Group 1 Sub Grp 1 0000428070 Loan Paid in Full 0 10.275% 360 9
Group 1 Sub Grp 1 0000428156 Loan Paid in Full (1) 8.750% 360 9
Group 1 Sub Grp 1 0000428169 Loan Paid in Full 0 8.990% 360 9
Group 1 Sub Grp 1 0000428227 Loan Paid in Full (1) 6.240% 360 9
Group 1 Sub Grp 1 0000428257 Loan Paid in Full 0 8.825% 360 9
Group 1 Sub Grp 1 0000428520 Loan Paid in Full 0 10.875% 360 9
Group 1 Sub Grp 1 0000428716 Loan Paid in Full 0 6.750% 360 9
Group 1 Sub Grp 1 0000428717 Loan Paid in Full 0 9.750% 360 10
Group 1 Sub Grp 1 0000429035 Loan Paid in Full 0 12.700% 360 9
Group 1 Sub Grp 1 0000429075 Loan Paid in Full 0 11.000% 360 9
Group 1 Sub Grp 1 0000429546 Loan Paid in Full 1 12.250% 120 9
Group 1 Sub Grp 1 0000429741 Loan Paid in Full 0 10.125% 360 9
Group 1 Sub Grp 1 0000430003 Loan Paid in Full 1 9.000% 360 10
Group 1 Sub Grp 1 0000430012 Loan Paid in Full (1) 12.525% 180 9
Group 1 Sub Grp 1 0000430042 Loan Paid in Full 0 8.725% 360 10
Group 1 Sub Grp 1 0000430093 Liquidation 7 11.125% 360 9
Group 1 Sub Grp 1 0000430283 Loan Paid in Full 0 10.125% 360 9
Group 1 Sub Grp 1 0000430811 Loan Paid in Full 0 11.750% 360 9
Group 1 Sub Grp 1 0000431001 Loan Paid in Full 0 7.540% 360 9
Group 1 Sub Grp 1 0000431295 Loan Paid in Full 0 10.990% 360 9
Group 1 Sub Grp 1 0000431461 Loan Paid in Full 0 11.750% 120 9
Group 1 Sub Grp 1 0000431540 Loan Paid in Full 0 8.000% 360 9
Group 1 Sub Grp 1 0000431671 Loan Paid in Full 0 11.275% 360 9
Group 1 Sub Grp 1 0000431676 Loan Paid in Full 0 10.500% 360 9
Group 1 Sub Grp 1 0000432204 Loan Paid in Full 0 11.000% 360 9
Group 1 Sub Grp 1 0000432254 Loan Paid in Full 0 9.500% 360 9
Group 1 Sub Grp 1 0000432362 Loan Paid in Full 0 6.500% 360 9
Group 1 Sub Grp 1 0000432416 Loan Paid in Full 0 10.125% 360 9
Group 1 Sub Grp 1 0000432507 Loan Paid in Full 0 6.500% 240 9
Group 1 Sub Grp 1 0000432514 Loan Paid in Full 0 10.750% 360 10
Group 1 Sub Grp 1 0000432571 Loan Paid in Full 0 11.990% 360 9
Group 1 Sub Grp 1 0000432716 Loan Paid in Full (1) 6.990% 360 10
Group 1 Sub Grp 1 0000432972 Loan Paid in Full 0 10.450% 180 8
Group 1 Sub Grp 1 0000433111 Loan Paid in Full (1) 10.990% 180 9
Group 1 Sub Grp 1 0000433305 Loan Paid in Full 0 10.790% 240 10
Group 1 Sub Grp 1 0000433312 Loan Paid in Full 0 9.990% 180 8
Group 1 Sub Grp 1 0000433664 Loan Paid in Full 0 10.950% 180 8
Group 1 Sub Grp 2 0000417553 Loan Paid in Full 0 7.875% 360 11
Group 1 Sub Grp 2 0000423445 Loan Paid in Full 0 6.875% 360 9
Group 1 Sub Grp 2 0000423714 Loan Paid in Full 0 7.750% 360 9
Group 1 Sub Grp 2 0000424129 Loan Paid in Full 0 6.375% 360 9
Group 1 Sub Grp 2 0000424865 Loan Paid in Full 0 7.000% 360 9
Group 1 Sub Grp 2 0000425030 Loan Paid in Full 0 7.750% 360 8
Group 1 Sub Grp 2 0000425046 Loan Paid in Full 0 8.500% 360 8
Group 1 Sub Grp 2 0000425565 Loan Paid in Full 0 7.450% 360 8
Group 1 Sub Grp 2 0000425730 Loan Paid in Full 0 6.500% 360 8
Group 1 Sub Grp 2 0000425744 Loan Paid in Full 0 6.990% 360 8
Group 1 Sub Grp 2 0000425745 Loan Paid in Full (1) 6.500% 360 8
Group 1 Sub Grp 2 0000427283 Loan Paid in Full 0 6.550% 360 9
Group 1 Sub Grp 2 0000427319 Loan Paid in Full 0 6.150% 360 9
Group 1 Sub Grp 2 0000427402 Loan Paid in Full 0 8.250% 360 9
Group 1 Sub Grp 2 0000427488 Loan Paid in Full 0 8.150% 360 9
Group 1 Sub Grp 2 0000427504 Loan Paid in Full 0 7.800% 360 9
Group 1 Sub Grp 2 0000427535 Loan Paid in Full 0 7.250% 360 9
Group 1 Sub Grp 2 0000427606 Loan Paid in Full 0 5.800% 360 9
Group 1 Sub Grp 2 0000427640 Loan Paid in Full 0 7.750% 360 9
Group 1 Sub Grp 2 0000427653 Loan Paid in Full 0 7.850% 360 9
Group 1 Sub Grp 2 0000427693 Loan Paid in Full 0 7.450% 360 9
Group 1 Sub Grp 2 0000427745 Loan Paid in Full 0 6.550% 360 9
Group 1 Sub Grp 2 0000427950 Loan Paid in Full 0 7.850% 360 11
Group 1 Sub Grp 2 0000427954 Loan Paid in Full 0 7.050% 360 12
Group 1 Sub Grp 2 0000427999 Loan Paid in Full 0 7.990% 360 9
Group 1 Sub Grp 2 0000428033 Loan Paid in Full 0 6.250% 360 9
Group 1 Sub Grp 2 0000428054 Loan Paid in Full 0 5.890% 360 9
Group 1 Sub Grp 2 0000428100 Loan Paid in Full 0 6.690% 360 9
Group 1 Sub Grp 2 0000428107 Loan Paid in Full 0 6.450% 360 9
Group 1 Sub Grp 2 0000428191 Loan Paid in Full 0 7.500% 360 9
Group 1 Sub Grp 2 0000428276 Loan Paid in Full 0 6.350% 360 9
Group 1 Sub Grp 2 0000428335 Loan Paid in Full 0 8.800% 360 9
Group 1 Sub Grp 2 0000428490 Loan Paid in Full 0 7.300% 360 9
Group 1 Sub Grp 2 0000428577 Loan Paid in Full 1 6.750% 360 9
Group 1 Sub Grp 2 0000428631 Loan Paid in Full 0 4.990% 360 9
Group 1 Sub Grp 2 0000428678 Liquidation 4 8.990% 360 9
Group 1 Sub Grp 2 0000428710 Loan Paid in Full 0 5.400% 360 9
Group 1 Sub Grp 2 0000428718 Loan Paid in Full 0 6.800% 360 10
Group 1 Sub Grp 2 0000428768 Loan Paid in Full 0 5.950% 360 9
Group 1 Sub Grp 2 0000428777 Loan Paid in Full 0 6.850% 360 9
Group 1 Sub Grp 2 0000428809 Loan Paid in Full 0 7.500% 360 9
Group 1 Sub Grp 2 0000428855 Loan Paid in Full 0 6.550% 360 9
Group 1 Sub Grp 2 0000428908 Loan Paid in Full 0 7.990% 360 11
Group 1 Sub Grp 2 0000429038 Loan Paid in Full 0 7.700% 360 9
Group 1 Sub Grp 2 0000429113 Loan Paid in Full 1 7.100% 360 9
Group 1 Sub Grp 2 0000429156 Loan Paid in Full 0 6.650% 360 9
Group 1 Sub Grp 2 0000429170 Loan Paid in Full 0 10.450% 360 9
Group 1 Sub Grp 2 0000429370 Loan Paid in Full 0 7.500% 360 9
Group 1 Sub Grp 2 0000429394 Loan Paid in Full 0 7.100% 360 9
Group 1 Sub Grp 2 0000429495 Loan Paid in Full 0 8.600% 360 9
Group 1 Sub Grp 2 0000429515 Loan Paid in Full 0 7.400% 360 9
Group 1 Sub Grp 2 0000429608 Loan Paid in Full 1 7.500% 360 9
Group 1 Sub Grp 2 0000429707 Loan Paid in Full 0 6.750% 360 9
Group 1 Sub Grp 2 0000429748 Loan Paid in Full 0 6.950% 360 10
Group 1 Sub Grp 2 0000429756 Loan Paid in Full 0 6.200% 360 9
Group 1 Sub Grp 2 0000429784 Loan Paid in Full 0 7.250% 360 10
Group 1 Sub Grp 2 0000429808 Loan Paid in Full 0 8.900% 360 9
Group 1 Sub Grp 2 0000429866 Loan Paid in Full (1) 7.700% 360 9
Group 1 Sub Grp 2 0000429954 Loan Paid in Full 0 8.750% 360 9
Group 1 Sub Grp 2 0000430008 Loan Paid in Full 1 6.350% 360 10
Group 1 Sub Grp 2 0000430047 Loan Paid in Full 0 5.600% 360 10
Group 1 Sub Grp 2 0000430122 Loan Paid in Full 0 9.700% 360 11
Group 1 Sub Grp 2 0000430138 Loan Paid in Full 0 7.250% 360 11
Group 1 Sub Grp 2 0000430202 Loan Paid in Full 0 7.600% 360 9
Group 1 Sub Grp 2 0000430294 Loan Paid in Full 0 6.750% 360 9
Group 1 Sub Grp 2 0000430327 Loan Paid in Full 0 8.150% 360 9
Group 1 Sub Grp 2 0000430534 Loan Paid in Full 0 6.900% 360 9
Group 1 Sub Grp 2 0000430649 Loan Paid in Full 0 8.750% 360 9
Group 1 Sub Grp 2 0000430825 Loan Paid in Full 0 6.950% 360 9
Group 1 Sub Grp 2 0000430829 Loan Paid in Full 0 6.650% 360 9
Group 1 Sub Grp 2 0000430964 Loan Paid in Full 0 7.990% 360 9
Group 1 Sub Grp 2 0000431169 Loan Paid in Full 1 10.990% 360 9
Group 1 Sub Grp 2 0000431207 Loan Paid in Full 0 8.990% 360 11
Group 1 Sub Grp 2 0000431297 Loan Paid in Full 0 9.500% 360 9
Group 1 Sub Grp 2 0000431338 Loan Paid in Full (1) 5.990% 360 9
Group 1 Sub Grp 2 0000431343 Loan Paid in Full 0 7.990% 360 9
Group 1 Sub Grp 2 0000431417 Loan Paid in Full 0 6.990% 360 9
Group 1 Sub Grp 2 0000431478 Loan Paid in Full 0 8.900% 360 9
Group 1 Sub Grp 2 0000431479 Loan Paid in Full 0 7.600% 360 9
Group 1 Sub Grp 2 0000431582 Loan Paid in Full 0 6.500% 360 9
Group 1 Sub Grp 2 0000431585 Loan Paid in Full 0 8.000% 360 9
Group 1 Sub Grp 2 0000431640 Loan Paid in Full 1 8.750% 360 9
Group 1 Sub Grp 2 0000431695 Loan Paid in Full 0 7.250% 360 9
Group 1 Sub Grp 2 0000431798 Loan Paid in Full 0 5.900% 360 9
Group 1 Sub Grp 2 0000431917 Loan Paid in Full 0 7.900% 360 9
Group 1 Sub Grp 2 0000431978 Loan Paid in Full 0 6.500% 360 9
Group 1 Sub Grp 2 0000432112 Loan Paid in Full 0 6.200% 360 9
Group 1 Sub Grp 2 0000432244 Loan Paid in Full 0 6.990% 360 9
Group 1 Sub Grp 2 0000432247 Loan Paid in Full 0 6.990% 360 9
Group 1 Sub Grp 2 0000432354 Loan Paid in Full 0 5.250% 360 10
Group 1 Sub Grp 2 0000432421 Loan Paid in Full 0 5.899% 360 9
Group 1 Sub Grp 2 0000432500 Loan Paid in Full 0 5.800% 360 9
Group 1 Sub Grp 2 0000432518 Loan Paid in Full 1 7.900% 360 10
Group 1 Sub Grp 2 0000432521 Loan Paid in Full 0 6.990% 360 9
Group 1 Sub Grp 2 0000432560 Loan Paid in Full 0 7.700% 360 9
Group 1 Sub Grp 2 0000432601 Loan Paid in Full 0 7.450% 360 9
Group 1 Sub Grp 2 0000432618 Loan Paid in Full 0 7.400% 360 9
Group 1 Sub Grp 2 0000432684 Loan Paid in Full 0 7.650% 360 10
Group 1 Sub Grp 2 0000432704 Loan Paid in Full 2 7.250% 360 10
Group 1 Sub Grp 2 0000432778 Loan Paid in Full 0 5.500% 360 10
Group 1 Sub Grp 2 0000432825 Loan Paid in Full 5 9.450% 360 11
Group 1 Sub Grp 2 0000432842 Loan Paid in Full 0 7.500% 360 11
Group 1 Sub Grp 2 0000432853 Loan Paid in Full 0 7.500% 360 11
Group 1 Sub Grp 2 0000432856 Loan Paid in Full 0 6.990% 360 11
Group 1 Sub Grp 2 0000432992 Loan Paid in Full 0 7.550% 360 8
Group 1 Sub Grp 2 0000433000 Loan Paid in Full 0 6.200% 360 8
Group 1 Sub Grp 2 0000433029 Loan Paid in Full 0 6.000% 360 8
Group 1 Sub Grp 2 0000433142 Loan Paid in Full 0 7.875% 360 8
Group 1 Sub Grp 2 0000433169 Loan Paid in Full 0 7.250% 360 8
Group 1 Sub Grp 2 0000433265 Loan Paid in Full 0 6.900% 360 8
Group 1 Sub Grp 2 0000433354 Loan Paid in Full 0 6.390% 360 8
Group 1 Sub Grp 2 0000433691 Loan Paid in Full 0 7.550% 360 9
Group 1 Sub Grp 2 0000433701 Loan Paid in Full (1) 5.990% 360 8
Group 2 Sub Grp 1 0000423444 Loan Paid in Full 0 12.000% 240 9
Group 2 Sub Grp 1 0000424841 Loan Paid in Full 0 9.250% 180 9
Group 2 Sub Grp 1 0000425720 Loan Paid in Full (1) 9.375% 180 8
Group 2 Sub Grp 1 0000427717 Loan Paid in Full 0 8.990% 360 9
Group 2 Sub Grp 1 0000428609 Loan Paid in Full 0 8.890% 360 9
Group 2 Sub Grp 1 0000428701 Loan Paid in Full 0 9.375% 360 9
Group 2 Sub Grp 1 0000428854 Loan Paid in Full 0 12.525% 360 9
Group 2 Sub Grp 1 0000431577 Loan Paid in Full 0 9.625% 360 9
Group 2 Sub Grp 1 0000432110 Loan Paid in Full 0 9.990% 360 9
Group 2 Sub Grp 1 0000432232 Loan Paid in Full 0 6.550% 360 9
Group 2 Sub Grp 1 0000432412 Loan Paid in Full 0 9.490% 360 9
Group 2 Sub Grp 1 0000432984 Loan Paid in Full 0 10.250% 180 8
Group 2 Sub Grp 1 0000433106 Loan Paid in Full 0 10.750% 180 8
Group 2 Sub Grp 1 0000433131 Loan Paid in Full 0 10.950% 180 8
Group 2 Sub Grp 2 0000424077 Loan Paid in Full 0 6.250% 360 9
Group 2 Sub Grp 2 0000425576 Loan Paid in Full 0 5.700% 360 8
Group 2 Sub Grp 2 0000425585 Loan Paid in Full 0 6.850% 360 8
Group 2 Sub Grp 2 0000425774 Loan Paid in Full 0 7.425% 360 9
Group 2 Sub Grp 2 0000427383 Loan Paid in Full 0 8.000% 360 9
Group 2 Sub Grp 2 0000427726 Loan Paid in Full 0 6.550% 360 9
Group 2 Sub Grp 2 0000427978 Loan Paid in Full 0 7.950% 360 9
Group 2 Sub Grp 2 0000428382 Loan Paid in Full 0 5.900% 360 9
Group 2 Sub Grp 2 0000428720 Loan Paid in Full 0 7.400% 360 10
Group 2 Sub Grp 2 0000428729 Loan Paid in Full 0 5.990% 360 10
Group 2 Sub Grp 2 0000431612 Loan Paid in Full 0 6.550% 360 9
Group 2 Sub Grp 2 0000431661 Loan Paid in Full 0 6.500% 360 9
Group 2 Sub Grp 2 0000432122 Loan Paid in Full 0 5.650% 360 9
Group 2 Sub Grp 2 0000432221 Loan Paid in Full 0 6.300% 360 9
Group 2 Sub Grp 2 0000432223 Loan Paid in Full 0 6.450% 360 9
Group 2 Sub Grp 2 0000433026 Loan Paid in Full 0 5.700% 360 8
Group 2 Sub Grp 2 0000433714 Loan Paid in Full 0 7.700% 360 8
Group 2 Sub Grp 2 0000433724 Loan Paid in Full 0 6.850% 360 8
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.655% Current Month 36.036% Current Month 1,986.365%
3 Month Average 3.644% 3 Month Average 35.936% 3 Month Average 2,252.993%
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 13.629% N/A Apr-2005 3,262.340% N/A
May-2005 16.917% N/A May-2005 2,739.985% N/A
Jun-2005 14.099% N/A Jun-2005 1,726.111% N/A
Jul-2005 32.308% N/A Jul-2005 3,178.657% N/A
Aug-2005 36.988% N/A Aug-2005 3,043.325% N/A
Sep-2005 37.192% N/A Sep-2005 2,630.329% N/A
Oct-2005 34.579% N/A Oct-2005 2,142.283% N/A
Nov-2005 36.036% N/A Nov-2005 1,986.365% 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 Sub Grp 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.608% Current Month 35.660% Current Month 1,959.824%
3 Month Average 3.049% 3 Month Average 30.948% 3 Month Average 1,919.645%
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 5.711% N/A Apr-2005 1,357.217% N/A
May-2005 9.200% N/A May-2005 1,481.662% N/A
Jun-2005 11.859% N/A Jun-2005 1,445.702% N/A
Jul-2005 21.639% N/A Jul-2005 2,120.367% N/A
Aug-2005 22.323% N/A Aug-2005 1,828.823% N/A
Sep-2005 30.547% N/A Sep-2005 2,153.298% N/A
Oct-2005 26.636% N/A Oct-2005 1,645.813% N/A
Nov-2005 35.660% N/A Nov-2005 1,959.824% 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 Sub Grp 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.739% Current Month 36.696% Current Month 2,019.490%
3 Month Average 3.768% 3 Month Average 36.912% 3 Month Average 2,311.352%
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 13.960% N/A Apr-2005 3,317.870% N/A
May-2005 14.716% N/A May-2005 2,371.402% N/A
Jun-2005 14.331% N/A Jun-2005 1,748.030% N/A
Jul-2005 34.911% N/A Jul-2005 3,426.262% N/A
Aug-2005 37.953% N/A Aug-2005 3,115.948% N/A
Sep-2005 38.652% N/A Sep-2005 2,727.170% N/A
Oct-2005 35.387% N/A Oct-2005 2,187.396% N/A
Nov-2005 36.696% N/A Nov-2005 2,019.490% 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 Sub Grp 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.987% Current Month 38.631% Current Month 2,128.683%
3 Month Average 4.201% 3 Month Average 39.974% 3 Month Average 2,485.950%
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 2.987% N/A Apr-2005 714.922% N/A
May-2005 16.613% N/A May-2005 2,692.925% N/A
Jun-2005 6.942% N/A Jun-2005 849.275% N/A
Jul-2005 11.812% N/A Jul-2005 1,161.287% N/A
Aug-2005 47.912% N/A Aug-2005 3,941.235% N/A
Sep-2005 33.428% N/A Sep-2005 2,360.478% N/A
Oct-2005 47.862% N/A Oct-2005 2,968.688% N/A
Nov-2005 38.631% N/A Nov-2005 2,128.683% 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 Sub Grp 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.406% Current Month 34.020% Current Month 1,886.028%
3 Month Average 3.506% 3 Month Average 34.821% 3 Month Average 2,203.054%
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 17.617% N/A Apr-2005 4,310.997% N/A
May-2005 25.495% N/A May-2005 4,195.522% N/A
Jun-2005 15.589% N/A Jun-2005 1,931.209% N/A
Jul-2005 32.778% N/A Jul-2005 3,252.393% N/A
Aug-2005 38.541% N/A Aug-2005 3,195.875% N/A
Sep-2005 36.875% N/A Sep-2005 2,628.823% N/A
Oct-2005 33.566% N/A Oct-2005 2,094.312% N/A
Nov-2005 34.020% N/A Nov-2005 1,886.028% 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 Sub Grp 1 1 82,000.00 88,806.81 0.082%
Group 1 Sub Grp 2 1 55,108.66 56,596.70 0.009%
Group 2 Sub Grp 1 0 0.00 0.00 0.000%
Group 2 Sub Grp 2 0 0.00 0.00 0.000%
Total 2 137,108.66 145,403.51 0.015%
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 Sub Grp 1 0000430093 82,000.00 11.1250% NY 100.00 360
Group 1 Sub Grp 2 0000428678 55,200.00 8.9900% MI 80.00 360
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
Group 1 Sub Grp 1 0000430093 82,000.00 88,806.81 88,806.81
Group 1 Sub Grp 2 0000428678 55,108.66 56,596.70 56,596.70
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.014% Current Month 0.897%
3 Month Average 0.008% 3 Month Average 0.559%
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 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 0.010% N/A Oct-2005 0.779% N/A
Nov-2005 0.014% N/A Nov-2005 0.897% 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 0.163% Current Month 106.282%
3 Month Average 0.096% 3 Month Average 70.459%
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 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 0.126% N/A Oct-2005 105.093% N/A
Nov-2005 0.163% N/A Nov-2005 106.282% 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 Sub Grp 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.073% Current Month 4.772%
3 Month Average 0.056% 3 Month Average 3.922%
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 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 0.095% N/A Oct-2005 6.992% N/A
Nov-2005 0.073% N/A Nov-2005 4.772% 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 0.868% Current Month 108.532%
3 Month Average 0.667% 3 Month Average 71.209%
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 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 1.132% N/A Oct-2005 105.093% N/A
Nov-2005 0.868% N/A Nov-2005 108.532% 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 Sub Grp 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.009% Current Month 0.585%
3 Month Average 0.003% 3 Month Average 0.195%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 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 0.009% N/A Nov-2005 0.585% 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 0.106% Current Month 102.934%
3 Month Average 0.035% 3 Month Average 34.311%
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 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 0.106% N/A Nov-2005 102.934% 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 Sub Grp 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 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 N/A N/A Mar-2005 N/A 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 Sub Grp 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 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 N/A N/A Mar-2005 N/A 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>