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-WF1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-05
Pooling and Servicing Agreement) (Commission 54-2176823
(State or other File Number) 54-2176824
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-WF1 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-WF1 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-WF1 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-WF1 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-WF1
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 004421QK2 SEN 4.26750% 298,442,350.90 1,096,713.46
A-2A 004421QL0 SEN 4.13750% 67,126,813.09 239,162.58
A-2B 004421QM8 SEN 4.24750% 28,250,000.00 103,326.34
A-2C 004421QN6 SEN 4.37750% 27,760,000.00 104,641.71
M-1 004421QP1 MEZ 4.45750% 14,502,000.00 55,664.52
M-2 004421QQ9 MEZ 4.47750% 13,364,000.00 51,526.57
M-3 004421QR7 MEZ 4.49750% 8,530,000.00 33,035.39
M-4 004421QS5 MEZ 4.61750% 7,109,000.00 28,266.67
M-5 004421QT3 MEZ 4.63750% 7,109,000.00 28,389.10
M-6 004421QU0 MEZ 4.68750% 6,540,000.00 26,398.44
M-7 004421QV8 MEZ 5.16750% 4,550,000.00 20,246.55
M-8 004421QW6 MEZ 5.23750% 4,550,000.00 20,520.82
M-9 004421QX4 MEZ 5.88750% 5,687,000.00 28,831.91
M-10 004421QY2 MEZ 7.03750% 5,687,000.00 34,463.61
M-11 004421QZ9 MEZ 7.03750% 5,687,000.00 34,463.61
CE ACE05WFCE SEN 0.00000% 9,667,788.63 697,188.38
P ACE05WF1P SEN 0.00000% 100.00 490,908.82
R ACE05WFR1 RES 0.00000% 0.00 0.00
Totals 514,562,052.62 3,093,748.48
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 10,202,198.53 0.00 288,240,152.37 11,298,911.99 0.00
A-2A 5,553,291.22 0.00 61,573,521.87 5,792,453.80 0.00
A-2B 0.00 0.00 28,250,000.00 103,326.34 0.00
A-2C 0.00 0.00 27,760,000.00 104,641.71 0.00
M-1 0.00 0.00 14,502,000.00 55,664.52 0.00
M-2 0.00 0.00 13,364,000.00 51,526.57 0.00
M-3 0.00 0.00 8,530,000.00 33,035.39 0.00
M-4 0.00 0.00 7,109,000.00 28,266.67 0.00
M-5 0.00 0.00 7,109,000.00 28,389.10 0.00
M-6 0.00 0.00 6,540,000.00 26,398.44 0.00
M-7 0.00 0.00 4,550,000.00 20,246.55 0.00
M-8 0.00 0.00 4,550,000.00 20,520.82 0.00
M-9 0.00 0.00 5,687,000.00 28,831.91 0.00
M-10 0.00 0.00 5,687,000.00 34,463.61 0.00
M-11 0.00 0.00 5,687,000.00 34,463.61 0.00
CE 0.00 0.00 9,667,788.63 697,188.38 0.00
P 0.00 0.00 100.00 490,908.82 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 15,755,489.75 0.00 498,806,562.87 18,849,238.23 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-1 335,029,000.00 298,442,350.90 0.00 10,202,198.53 0.00 0.00
A-2A 84,673,000.00 67,126,813.09 0.00 5,553,291.22 0.00 0.00
A-2B 28,250,000.00 28,250,000.00 0.00 0.00 0.00 0.00
A-2C 27,760,000.00 27,760,000.00 0.00 0.00 0.00 0.00
M-1 14,502,000.00 14,502,000.00 0.00 0.00 0.00 0.00
M-2 13,364,000.00 13,364,000.00 0.00 0.00 0.00 0.00
M-3 8,530,000.00 8,530,000.00 0.00 0.00 0.00 0.00
M-4 7,109,000.00 7,109,000.00 0.00 0.00 0.00 0.00
M-5 7,109,000.00 7,109,000.00 0.00 0.00 0.00 0.00
M-6 6,540,000.00 6,540,000.00 0.00 0.00 0.00 0.00
M-7 4,550,000.00 4,550,000.00 0.00 0.00 0.00 0.00
M-8 4,550,000.00 4,550,000.00 0.00 0.00 0.00 0.00
M-9 5,687,000.00 5,687,000.00 0.00 0.00 0.00 0.00
M-10 5,687,000.00 5,687,000.00 0.00 0.00 0.00 0.00
M-11 5,687,000.00 5,687,000.00 0.00 0.00 0.00 0.00
CE 9,666,349.00 9,667,788.63 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 568,693,449.00 514,562,052.62 0.00 15,755,489.75 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 10,202,198.53 288,240,152.37 0.86034389 10,202,198.53
A-2A 5,553,291.22 61,573,521.87 0.72719193 5,553,291.22
A-2B 0.00 28,250,000.00 1.00000000 0.00
A-2C 0.00 27,760,000.00 1.00000000 0.00
M-1 0.00 14,502,000.00 1.00000000 0.00
M-2 0.00 13,364,000.00 1.00000000 0.00
M-3 0.00 8,530,000.00 1.00000000 0.00
M-4 0.00 7,109,000.00 1.00000000 0.00
M-5 0.00 7,109,000.00 1.00000000 0.00
M-6 0.00 6,540,000.00 1.00000000 0.00
M-7 0.00 4,550,000.00 1.00000000 0.00
M-8 0.00 4,550,000.00 1.00000000 0.00
M-9 0.00 5,687,000.00 1.00000000 0.00
M-10 0.00 5,687,000.00 1.00000000 0.00
M-11 0.00 5,687,000.00 1.00000000 0.00
CE 0.00 9,667,788.63 1.00014893 0.00
P 0.00 100.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 15,755,489.75 498,806,562.87 0.87710974 15,755,489.75
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-1 335,029,000.00 890.79557561 0.00000000 30.45168785 0.00000000
A-2A 84,673,000.00 792.77707286 0.00000000 65.58514780 0.00000000
A-2B 28,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-2C 27,760,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 14,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 13,364,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 8,530,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 7,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 7,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 6,540,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 4,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 4,550,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 5,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 5,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-11 5,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 9,666,349.00 1000.14893214 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 30.45168785 860.34388775 0.86034389 30.45168785
A-2A 0.00000000 65.58514780 727.19192505 0.72719193 65.58514780
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
M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 1,000.14893214 1.00014893 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-1 335,029,000.00 4.26750% 298,442,350.90 1,096,713.46 0.00 0.00
A-2A 84,673,000.00 4.13750% 67,126,813.09 239,162.58 0.00 0.00
A-2B 28,250,000.00 4.24750% 28,250,000.00 103,326.34 0.00 0.00
A-2C 27,760,000.00 4.37750% 27,760,000.00 104,641.71 0.00 0.00
M-1 14,502,000.00 4.45750% 14,502,000.00 55,664.52 0.00 0.00
M-2 13,364,000.00 4.47750% 13,364,000.00 51,526.57 0.00 0.00
M-3 8,530,000.00 4.49750% 8,530,000.00 33,035.39 0.00 0.00
M-4 7,109,000.00 4.61750% 7,109,000.00 28,266.67 0.00 0.00
M-5 7,109,000.00 4.63750% 7,109,000.00 28,389.10 0.00 0.00
M-6 6,540,000.00 4.68750% 6,540,000.00 26,398.44 0.00 0.00
M-7 4,550,000.00 5.16750% 4,550,000.00 20,246.55 0.00 0.00
M-8 4,550,000.00 5.23750% 4,550,000.00 20,520.82 0.00 0.00
M-9 5,687,000.00 5.88750% 5,687,000.00 28,831.91 0.00 0.00
M-10 5,687,000.00 7.03750% 5,687,000.00 34,463.61 0.00 0.00
M-11 5,687,000.00 7.03750% 5,687,000.00 34,463.61 0.00 0.00
CE 9,666,349.00 0.00000% 514,562,052.62 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 568,693,449.00 1,905,651.28 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 1,096,713.46 0.00 288,240,152.37
A-2A 0.00 0.00 239,162.58 0.00 61,573,521.87
A-2B 0.00 0.00 103,326.34 0.00 28,250,000.00
A-2C 0.00 0.00 104,641.71 0.00 27,760,000.00
M-1 0.00 0.00 55,664.52 0.00 14,502,000.00
M-2 0.00 0.00 51,526.57 0.00 13,364,000.00
M-3 0.00 0.00 33,035.39 0.00 8,530,000.00
M-4 0.00 0.00 28,266.67 0.00 7,109,000.00
M-5 0.00 0.00 28,389.10 0.00 7,109,000.00
M-6 0.00 0.00 26,398.44 0.00 6,540,000.00
M-7 0.00 0.00 20,246.55 0.00 4,550,000.00
M-8 0.00 0.00 20,520.82 0.00 4,550,000.00
M-9 0.00 0.00 28,831.91 0.00 5,687,000.00
M-10 0.00 0.00 34,463.61 0.00 5,687,000.00
M-11 0.00 0.00 34,463.61 0.00 5,687,000.00
CE 0.00 0.00 697,188.38 0.00 498,806,562.87
P 0.00 0.00 490,908.82 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,093,748.48 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-1 335,029,000.00 4.26750% 890.79557561 3.27348815 0.00000000 0.00000000
A-2A 84,673,000.00 4.13750% 792.77707286 2.82454360 0.00000000 0.00000000
A-2B 28,250,000.00 4.24750% 1000.00000000 3.65756956 0.00000000 0.00000000
A-2C 27,760,000.00 4.37750% 1000.00000000 3.76951405 0.00000000 0.00000000
M-1 14,502,000.00 4.45750% 1000.00000000 3.83840298 0.00000000 0.00000000
M-2 13,364,000.00 4.47750% 1000.00000000 3.85562481 0.00000000 0.00000000
M-3 8,530,000.00 4.49750% 1000.00000000 3.87284760 0.00000000 0.00000000
M-4 7,109,000.00 4.61750% 1000.00000000 3.97618090 0.00000000 0.00000000
M-5 7,109,000.00 4.63750% 1000.00000000 3.99340273 0.00000000 0.00000000
M-6 6,540,000.00 4.68750% 1000.00000000 4.03645872 0.00000000 0.00000000
M-7 4,550,000.00 5.16750% 1000.00000000 4.44979121 0.00000000 0.00000000
M-8 4,550,000.00 5.23750% 1000.00000000 4.51007033 0.00000000 0.00000000
M-9 5,687,000.00 5.88750% 1000.00000000 5.06979251 0.00000000 0.00000000
M-10 5,687,000.00 7.03750% 1000.00000000 6.06006858 0.00000000 0.00000000
M-11 5,687,000.00 7.03750% 1000.00000000 6.06006858 0.00000000 0.00000000
CE 9,666,349.00 0.00000% 53232.30649131 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 3.27348815 0.00000000 860.34388775
A-2A 0.00000000 0.00000000 2.82454360 0.00000000 727.19192505
A-2B 0.00000000 0.00000000 3.65756956 0.00000000 1000.00000000
A-2C 0.00000000 0.00000000 3.76951405 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.83840298 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.85562481 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.87284760 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.97618090 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.99340273 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.03645872 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.44979121 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.51007033 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 5.06979251 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 6.06006858 0.00000000 1000.00000000
M-11 0.00000000 0.00000000 6.06006858 0.00000000 1000.00000000
CE 0.00000000 0.00000000 72.12530605 0.00000000 51602.37467838
P 0.00000000 0.00000000 4909088.20000000 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 18,551,292.03
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 67,285.04
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 490,908.82
Total Deposits 19,109,485.89
Withdrawals
Reimbursement for Servicer Advances 36,198.78
Payment of Service Fee 224,048.89
Payment of Interest and Principal 18,849,238.22
Total Withdrawals (Pool Distribution Amount) 19,109,485.89
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 214,400.85
Credit Risk Manager Fee - The Murrayhill Company 6,432.03
Master Servicing Fee: Wells Fargo Bank 3,216.01
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 224,048.89
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 11,458.47 11,458.47 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 20 0 0 20
1,895,440.94 0.00 0.00 1,895,440.94
30 Days 48 0 0 0 48
6,980,236.71 0.00 0.00 0.00 6,980,236.71
60 Days 6 0 3 0 9
617,934.79 0.00 458,068.75 0.00 1,076,003.54
90 Days 2 0 14 0 16
169,837.48 0.00 1,966,798.81 0.00 2,136,636.29
120 Days 0 0 1 0 1
0.00 0.00 133,133.74 0.00 133,133.74
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 56 20 18 0 94
7,768,008.98 1,895,440.94 2,558,001.30 0.00 12,221,451.22
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 0.650195% 0.000000% 0.000000% 0.650195%
0.379637% 0.000000% 0.000000% 0.379637%
30 Days 1.560468% 0.000000% 0.000000% 0.000000% 1.560468%
1.398068% 0.000000% 0.000000% 0.000000% 1.398068%
60 Days 0.195059% 0.000000% 0.097529% 0.000000% 0.292588%
0.123766% 0.000000% 0.091746% 0.000000% 0.215512%
90 Days 0.065020% 0.000000% 0.455137% 0.000000% 0.520156%
0.034017% 0.000000% 0.393929% 0.000000% 0.427946%
120 Days 0.000000% 0.000000% 0.032510% 0.000000% 0.032510%
0.000000% 0.000000% 0.026665% 0.000000% 0.026665%
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 1.820546% 0.650195% 0.585176% 0.000000% 3.055917%
1.555850% 0.379637% 0.512341% 0.000000% 2.447828%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP I SUBGRP I No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
669,004.27 0.00 0.00 0.00 669,004.27
60 Days 1 0 0 0 1
160,950.91 0.00 0.00 0.00 160,950.91
90 Days 0 0 1 0 1
0.00 0.00 80,328.47 0.00 80,328.47
120 Days 0 0 1 0 1
0.00 0.00 133,133.74 0.00 133,133.74
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 4 0 2 0 6
829,955.18 0.00 213,462.21 0.00 1,043,417.39
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.585938% 0.000000% 0.000000% 0.000000% 0.585938%
0.900392% 0.000000% 0.000000% 0.000000% 0.900392%
60 Days 0.195313% 0.000000% 0.000000% 0.000000% 0.195313%
0.216619% 0.000000% 0.000000% 0.000000% 0.216619%
90 Days 0.000000% 0.000000% 0.195313% 0.000000% 0.195313%
0.000000% 0.000000% 0.108112% 0.000000% 0.108112%
120 Days 0.000000% 0.000000% 0.195313% 0.000000% 0.195313%
0.000000% 0.000000% 0.179180% 0.000000% 0.179180%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.781250% 0.000000% 0.390625% 0.000000% 1.171875%
1.117010% 0.000000% 0.287292% 0.000000% 1.404302%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP I SUB GRP 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 19 0 0 19
1,731,750.43 0.00 0.00 1,731,750.43
30 Days 39 0 0 0 39
4,951,066.28 0.00 0.00 0.00 4,951,066.28
60 Days 5 0 3 0 8
456,983.88 0.00 458,068.75 0.00 915,052.63
90 Days 2 0 11 0 13
169,837.48 0.00 1,323,525.88 0.00 1,493,363.36
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 46 19 14 0 79
5,577,887.64 1,731,750.43 1,781,594.63 0.00 9,091,232.70
0-29 Days 0.936884% 0.000000% 0.000000% 0.936884%
0.619020% 0.000000% 0.000000% 0.619020%
30 Days 1.923077% 0.000000% 0.000000% 0.000000% 1.923077%
1.769777% 0.000000% 0.000000% 0.000000% 1.769777%
60 Days 0.246548% 0.000000% 0.147929% 0.000000% 0.394477%
0.163351% 0.000000% 0.163738% 0.000000% 0.327089%
90 Days 0.098619% 0.000000% 0.542406% 0.000000% 0.641026%
0.060709% 0.000000% 0.473099% 0.000000% 0.533808%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.268245% 0.936884% 0.690335% 0.000000% 3.895464%
1.993836% 0.619020% 0.636837% 0.000000% 3.249694%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP II SUB GRP 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 2 0 0 0 2
101,733.76 0.00 0.00 0.00 101,733.76
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
101,733.76 0.00 0.00 0.00 101,733.76
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.169591% 0.000000% 0.000000% 0.000000% 1.169591%
0.316007% 0.000000% 0.000000% 0.000000% 0.316007%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.169591% 0.000000% 0.000000% 0.000000% 1.169591%
0.316007% 0.000000% 0.000000% 0.000000% 0.316007%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
GRP II SUB GRP 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
163,690.51 0.00 0.00 163,690.51
30 Days 4 0 0 0 4
1,258,432.40 0.00 0.00 0.00 1,258,432.40
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 2 0 2
0.00 0.00 562,944.46 0.00 562,944.46
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 1 2 0 7
1,258,432.40 163,690.51 562,944.46 0.00 1,985,067.37
0-29 Days 0.273973% 0.000000% 0.000000% 0.273973%
0.144826% 0.000000% 0.000000% 0.144826%
30 Days 1.095890% 0.000000% 0.000000% 0.000000% 1.095890%
1.113402% 0.000000% 0.000000% 0.000000% 1.113402%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.547945% 0.000000% 0.547945%
0.000000% 0.000000% 0.498067% 0.000000% 0.498067%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.095890% 0.273973% 0.547945% 0.000000% 1.917808%
1.113402% 0.144826% 0.498067% 0.000000% 1.756295%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 67,285.04
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.
GRP I SUBGRP I 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
GRP I SUB GRP 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.
GRP II SUB GRP I 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
GRP II SUB GRP II 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 7 Dec-04 0.000%
Original Principal Balance 802,860.00 Jan-05 0.000%
Current Principal Balance 800,952.01 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 18 May-05 0.000%
Original Principal Balance 2,563,860.00 Jun-05 0.000%
Current Principal Balance 2,558,001.30 Jul-05 0.000%
Aug-05 0.235%
Sep-05 0.025%
Oct-05 0.341%
Nov-05 0.512%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
GRP I SUBGRP I 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 2 May-05 0.000%
Original Principal Balance 213,900.00 Jun-05 0.000%
Current Principal Balance 213,462.21 Jul-05 0.000%
Aug-05 0.192%
Sep-05 0.172%
Oct-05 0.279%
Nov-05 0.287%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
GRP I SUB GRP II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 7 Dec-04 0.000%
Original Principal Balance 802,860.00 Jan-05 0.000%
Current Principal Balance 800,952.01 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 14 May-05 0.000%
Original Principal Balance 1,786,210.00 Jun-05 0.000%
Current Principal Balance 1,781,594.63 Jul-05 0.000%
Aug-05 0.209%
Sep-05 0.000%
Oct-05 0.341%
Nov-05 0.637%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
GRP II SUB GRP 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.
GRP II SUB GRP II 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 563,750.00 Jun-05 0.000%
Current Principal Balance 562,944.46 Jul-05 0.000%
Aug-05 0.385%
Sep-05 0.000%
Oct-05 0.475%
Nov-05 0.498%
*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>
GRP I SUBGRP I 0142561299 Sep-2005 01-Apr-2005 CA 54.90 133,400.00
GRP I SUBGRP I 0142845585 Oct-2005 01-May-2005 IL 67.08 80,500.00
GRP I SUB GRP II 0139739981 Oct-2005 01-Sep-2004 NC 90.00 67,500.00
GRP I SUB GRP II 0141445759 Oct-2005 01-Jan-2005 CT 80.00 181,600.00
GRP I SUB GRP II 0142174036 Oct-2005 01-Mar-2005 NJ 60.00 157,800.00
GRP I SUB GRP II 0142512433 Nov-2005 01-Feb-2005 VA 90.00 55,710.00
GRP I SUB GRP II 0142555184 Nov-2005 01-Apr-2005 WI 90.00 45,000.00
GRP I SUB GRP II 0142582451 Oct-2005 01-Mar-2005 NJ 64.80 162,000.00
GRP I SUB GRP II 0142939081 Nov-2005 01-May-2005 MN 85.00 136,850.00
GRP I SUB GRP II 0143091189 Oct-2005 01-Apr-2005 TX 90.00 128,700.00
GRP I SUB GRP II 0143104941 Nov-2005 01-May-2005 MD 76.81 106,000.00
GRP I SUB GRP II 0143211753 Nov-2005 01-May-2005 FL 90.00 222,300.00
GRP I SUB GRP II 0143237329 Oct-2005 01-May-2005 NY 90.00 72,000.00
GRP I SUB GRP II 0143241883 Nov-2005 01-May-2005 IL 84.38 162,000.00
GRP I SUB GRP II 0143450765 Oct-2005 01-May-2005 MA 75.00 213,750.00
GRP I SUB GRP II 0143462406 Nov-2005 01-May-2005 NC 100.00 75,000.00
GRP II SUB GRP II 0143411916 Oct-2005 01-May-2005 MD 85.00 233,750.00
GRP II SUB GRP II 0143520138 Oct-2005 01-May-2005 FL 100.00 330,000.00
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>
GRP I SUBGRP I 0142561299 133,133.74 01-May-2005 4 6.000% 2,432.12
GRP I SUBGRP I 0142845585 80,328.47 01-Jun-2005 3 6.500% 1,602.85
GRP I SUB GRP II 0139739981 67,046.33 01-Jun-2005 3 8.150% 1,706.66
GRP I SUB GRP II 0141445759 180,991.55 01-Jun-2005 3 8.990% 5,114.64
GRP I SUB GRP II 0142174036 157,413.50 01-Jun-2005 3 8.500% 4,191.09
GRP I SUB GRP II 0142512433 55,531.40 01-Jun-2005 3 9.850% 1,728.62
GRP I SUB GRP II 0142555184 44,915.51 01-Jun-2005 3 8.375% 1,177.14
GRP I SUB GRP II 0142582451 161,397.92 01-Jun-2005 3 6.400% 3,166.63
GRP I SUB GRP II 0142939081 136,619.40 01-Jun-2005 3 6.875% 2,896.95
GRP I SUB GRP II 0143091189 128,445.71 01-Jun-2005 3 8.125% 3,259.17
GRP I SUB GRP II 0143104941 105,816.95 01-Jun-2005 3 6.750% 2,199.69
GRP I SUB GRP II 0143211753 221,715.89 01-Jul-2005 2 6.950% 4,760.83
GRP I SUB GRP II 0143237329 71,892.79 01-Jun-2005 3 7.500% 1,674.32
GRP I SUB GRP II 0143241883 161,490.15 01-Jul-2005 2 5.750% 2,821.56
GRP I SUB GRP II 0143450765 213,454.82 01-Jun-2005 3 7.875% 5,238.21
GRP I SUB GRP II 0143462406 74,862.71 01-Jul-2005 2 8.500% 1,994.49
GRP II SUB GRP II 0143411916 233,557.39 01-Jun-2005 3 10.375% 7,679.88
GRP II SUB GRP II 0143520138 329,387.07 01-Jun-2005 3 6.375% 6,435.28
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.592755%
Weighted Average Net Coupon 6.092755%
Weighted Average Pass-Through Rate 6.070255%
Weighted Average Maturity(Stepdown Calculation) 343
Beginning Scheduled Collateral Loan Count 3,152
Number Of Loans Paid In Full 76
Ending Scheduled Collateral Loan Count 3,076
Beginning Scheduled Collateral Balance 514,562,052.62
Ending Scheduled Collateral Balance 498,806,562.87
Ending Actual Collateral Balance at 31-Oct-2005 499,277,366.32
Monthly P&I Constant 3,341,062.35
Special Servicing Fee 0.00
Prepayment Penalties 490,908.82
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 514,077.54
Unscheduled Principal 15,241,412.21
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 9,667,788.63
Overcollateralized Amount 9,667,788.63
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Miscellaneous Reporting
Required Overcolateralization Amount 9,667,788.63
Overcollateralization Amount 9,667,788.63
Overcollateralization Increase Amount 0.00
Overcollateralization Reduction Amount 0.00
Credit Enhancement Percentage 0.673000%
Group Level Collateral Statement
Group GRP I SUBGRP I GRP I SUB GRP II GRP II SUB GRP I
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.687884 6.749713 6.407439
Weighted Average Net Rate 6.187884 6.249713 5.907439
Weighted Average Maturity 306 353 308
Beginning Loan Count 525 2,077 172
Loans Paid In Full 13 49 1
Ending Loan Count 512 2,028 171
Beginning Scheduled Balance 76,329,439.48 287,598,064.66 32,243,888.44
Ending Scheduled Balance 74,220,076.91 279,505,228.70 32,159,970.66
Record Date 10/31/2005 10/31/2005 10/31/2005
Principal And Interest Constant 518,644.56 1,881,505.43 208,725.77
Scheduled Principal 93,242.56 263,835.03 36,558.48
Unscheduled Principal 2,016,120.01 7,829,000.93 47,359.30
Scheduled Interest 425,402.00 1,617,670.40 172,167.29
Servicing Fees 31,803.93 119,832.53 13,434.95
Master Servicing Fees 477.06 1,797.49 201.52
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 0.00 0.00 0.00
Pool Insurance Fee 954.12 3,594.98 403.05
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 392,166.89 1,492,445.40 158,127.77
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 6.165384 6.227213 5.884939
Group Level Collateral Statement
Group GRP II SUB GRP II Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.200609 6.592755
Weighted Average Net Rate 5.700609 6.092755
Weighted Average Maturity 352 343
Beginning Loan Count 378 3,152
Loans Paid In Full 13 76
Ending Loan Count 365 3,076
Beginning Scheduled Balance 118,390,660.04 514,562,052.62
Ending scheduled Balance 112,921,286.60 498,806,562.87
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 732,186.59 3,341,062.35
Scheduled Principal 120,441.47 514,077.54
Unscheduled Principal 5,348,931.97 15,241,412.21
Scheduled Interest 611,745.12 2,826,984.81
Servicing Fees 49,329.44 214,400.85
Master Servicing Fees 739.94 3,216.01
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 1,479.88 6,432.03
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 560,195.86 2,602,935.92
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 5.678109 6.070255
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>
GRP I SUBGRP I 13 2,028,870.00 2,010,736.87 0 0.00 0.00
GRP I SUB GRP II 49 7,869,524.00 7,820,260.04 0 0.00 0.00
GRP II SUB GRP I 1 44,250.00 43,415.99 0 0.00 0.00
GRP II SUB GRP II 13 5,391,714.00 5,351,189.35 0 0.00 0.00
Total 76 15,334,358.00 15,225,602.25 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>
GRP I SUBGRP I 0 0.00 0.00 0 0.00 0.00 7,795.73
GRP I SUB GRP II 0 0.00 0.00 0 0.00 0.00 15,609.80
GRP II SUB GRP I 0 0.00 0.00 0 0.00 0.00 4,049.28
GRP II SUB GRP II 0 0.00 0.00 0 0.00 0.00 3,126.57
Total 0 0.00 0.00 0 0.00 0.00 30,581.38
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>
GRP I SUBGRP I 0140684333 CA 72.61 01-Dec-2004 167,000.00 164,929.98
GRP I SUBGRP I 0140943945 MD 80.00 01-Jan-2005 109,520.00 108,597.45
GRP I SUBGRP I 0141288597 CA 72.92 01-Jan-2005 175,000.00 173,168.87
GRP I SUBGRP I 0142466143 MD 100.00 01-Mar-2005 137,000.00 133,414.87
GRP I SUBGRP I 0142616325 CA 75.00 01-Apr-2005 192,000.00 190,651.19
GRP I SUBGRP I 0142876929 MA 70.00 01-Apr-2005 112,000.00 111,228.25
GRP I SUBGRP I 0142909274 NJ 77.89 01-Mar-2005 148,000.00 145,381.68
GRP I SUBGRP I 0143056794 AZ 56.16 01-May-2005 82,000.00 80,447.19
GRP I SUBGRP I 0143087153 PA 78.46 01-May-2005 204,000.00 202,837.48
GRP I SUBGRP I 0143132587 VA 61.54 01-Apr-2005 160,000.00 158,582.50
GRP I SUBGRP I 0143212082 PA 64.29 01-Apr-2005 90,000.00 89,379.64
GRP I SUBGRP I 0143364131 IL 81.55 01-May-2005 137,000.00 136,097.43
GRP I SUBGRP I 0143680957 SC 84.32 01-May-2005 315,350.00 313,607.75
GRP I SUB GRP II 0138261169 MA 84.83 01-Sep-2004 246,000.00 242,848.70
GRP I SUB GRP II 0139021943 CA 80.00 01-Sep-2004 200,000.00 196,252.35
GRP I SUB GRP II 0140161969 CA 68.57 01-Nov-2004 120,000.00 118,158.68
GRP I SUB GRP II 0141707042 SC 80.00 01-Feb-2005 74,280.00 73,541.18
GRP I SUB GRP II 0142031897 FL 76.96 01-Feb-2005 88,500.00 87,546.78
GRP I SUB GRP II 0142047588 MD 69.81 01-Feb-2005 185,000.00 183,622.07
GRP I SUB GRP II 0142082841 AZ 82.11 01-Mar-2005 58,300.00 57,583.46
GRP I SUB GRP II 0142246636 WI 70.00 01-Mar-2005 69,300.00 68,930.56
GRP I SUB GRP II 0142424605 MD 90.00 01-Apr-2005 270,000.00 268,658.53
GRP I SUB GRP II 0142440031 NJ 75.00 01-Apr-2005 225,000.00 223,572.80
GRP I SUB GRP II 0142466614 GA 80.00 01-Apr-2005 235,200.00 233,671.11
GRP I SUB GRP II 0142480771 MD 74.38 01-Mar-2005 119,000.00 118,436.11
GRP I SUB GRP II 0142534767 FL 80.00 01-Feb-2005 118,400.00 117,696.04
GRP I SUB GRP II 0142541309 WI 87.91 01-Apr-2005 80,000.00 79,613.29
GRP I SUB GRP II 0142542216 FL 69.53 01-Mar-2005 187,725.00 186,208.31
GRP I SUB GRP II 0142626225 VA 70.00 01-Apr-2005 148,400.00 147,582.87
GRP I SUB GRP II 0142653153 MD 90.00 01-May-2005 330,300.00 328,636.19
GRP I SUB GRP II 0142697044 GA 64.56 01-Apr-2005 95,550.00 94,633.36
GRP I SUB GRP II 0142718691 WI 95.00 01-Apr-2005 26,695.00 26,565.71
GRP I SUB GRP II 0142738582 FL 90.00 01-May-2005 153,000.00 151,907.42
GRP I SUB GRP II 0142772474 FL 78.57 01-Mar-2005 132,000.00 131,139.57
GRP I SUB GRP II 0142789429 GA 69.62 01-Apr-2005 90,500.00 90,163.24
GRP I SUB GRP II 0142876143 WI 82.19 01-Apr-2005 131,500.00 130,736.56
GRP I SUB GRP II 0142879592 MN 66.62 01-Mar-2005 82,609.00 81,954.29
GRP I SUB GRP II 0142886514 WI 75.00 01-Mar-2005 258,750.00 256,563.88
GRP I SUB GRP II 0142926286 MO 70.00 01-Apr-2005 90,300.00 89,710.16
GRP I SUB GRP II 0143038669 FL 80.00 01-May-2005 98,400.00 97,819.78
GRP I SUB GRP II 0143039865 GA 90.00 01-Apr-2005 147,600.00 146,768.50
GRP I SUB GRP II 0143061745 DC 54.07 01-May-2005 146,000.00 145,089.06
GRP I SUB GRP II 0143080224 MD 84.86 01-May-2005 297,000.00 295,223.07
GRP I SUB GRP II 0143105393 MO 85.00 01-May-2005 280,500.00 278,496.90
GRP I SUB GRP II 0143107886 MO 95.00 01-May-2005 223,250.00 221,881.54
GRP I SUB GRP II 0143108462 MD 60.77 01-May-2005 110,000.00 109,292.45
GRP I SUB GRP II 0143111748 CA 70.00 01-May-2005 220,500.00 218,664.44
GRP I SUB GRP II 0143158608 MD 90.00 01-May-2005 279,000.00 277,483.27
GRP I SUB GRP II 0143164325 DC 58.25 01-May-2005 180,000.00 178,452.94
GRP I SUB GRP II 0143171916 MD 90.00 01-May-2005 185,400.00 184,045.77
GRP I SUB GRP II 0143180081 IA 90.00 01-May-2005 34,200.00 34,021.59
GRP I SUB GRP II 0143207504 CA 68.77 01-May-2005 196,000.00 194,584.49
GRP I SUB GRP II 0143209575 CA 63.92 01-May-2005 81,500.00 81,146.92
GRP I SUB GRP II 0143239044 AL 66.22 01-May-2005 49,000.00 48,727.49
GRP I SUB GRP II 0143390763 MN 76.01 01-May-2005 225,000.00 223,370.44
GRP I SUB GRP II 0143392611 MN 87.41 01-May-2005 243,000.00 241,615.24
GRP I SUB GRP II 0143467322 IL 80.00 01-May-2005 181,600.00 180,720.99
GRP I SUB GRP II 0143492494 MO 85.00 01-May-2005 56,015.00 55,790.19
GRP I SUB GRP II 0143502151 VA 88.33 01-May-2005 280,000.00 278,125.30
GRP I SUB GRP II 0143503969 NJ 90.00 01-May-2005 333,000.00 331,085.81
GRP I SUB GRP II 0143544666 NJ 72.19 01-Apr-2005 135,000.00 134,221.85
GRP I SUB GRP II 0143584621 MI 95.00 01-May-2005 71,250.00 70,829.88
GRP II SUB GRP I 0142076504 MS 75.00 01-Mar-2005 44,250.00 43,310.02
GRP II SUB GRP II 0141308452 VA 94.74 01-Jan-2005 450,000.00 445,616.14
GRP II SUB GRP II 0141491639 MA 80.00 01-Jan-2005 164,000.00 161,684.77
GRP II SUB GRP II 0141686352 CA 79.71 01-Feb-2005 550,000.00 544,904.92
GRP II SUB GRP II 0141814541 CA 80.00 01-Mar-2005 360,800.00 357,095.38
GRP II SUB GRP II 0141835942 MD 80.00 01-Feb-2005 295,329.00 292,293.59
GRP II SUB GRP II 0142092386 CA 70.00 01-Mar-2005 389,185.00 384,025.58
GRP II SUB GRP II 0142288158 NJ 80.00 01-Feb-2005 424,000.00 420,255.60
GRP II SUB GRP II 0142486604 CA 80.00 01-May-2005 592,000.00 587,904.09
GRP II SUB GRP II 0142665181 CA 64.41 01-Apr-2005 950,000.00 942,285.93
GRP II SUB GRP II 0142985498 MD 90.00 01-May-2005 376,200.00 374,208.58
GRP II SUB GRP II 0143129393 CO 100.00 01-May-2005 240,000.00 238,760.61
GRP II SUB GRP II 0143212363 MI 93.04 01-May-2005 428,000.00 425,677.83
GRP II SUB GRP II 0143385078 FL 70.00 01-May-2005 172,200.00 171,092.38
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>
GRP I SUBGRP I 0140684333 Loan Paid in Full 0 5.950% 180 11
GRP I SUBGRP I 0140943945 Loan Paid in Full 0 7.500% 180 10
GRP I SUBGRP I 0141288597 Loan Paid in Full 0 6.375% 360 10
GRP I SUBGRP I 0142466143 Loan Paid in Full 0 8.250% 180 8
GRP I SUBGRP I 0142616325 Loan Paid in Full 0 6.750% 360 7
GRP I SUBGRP I 0142876929 Loan Paid in Full 0 6.850% 360 7
GRP I SUBGRP I 0142909274 Loan Paid in Full 0 7.100% 240 8
GRP I SUBGRP I 0143056794 Loan Paid in Full 0 8.990% 180 6
GRP I SUBGRP I 0143087153 Loan Paid in Full 0 7.125% 360 6
GRP I SUBGRP I 0143132587 Loan Paid in Full 0 5.990% 360 7
GRP I SUBGRP I 0143212082 Loan Paid in Full (1) 6.848% 360 7
GRP I SUBGRP I 0143364131 Loan Paid in Full 0 6.375% 180 6
GRP I SUBGRP I 0143680957 Loan Paid in Full 0 7.750% 360 6
GRP I SUB GRP II 0138261169 Loan Paid in Full 0 7.000% 360 14
GRP I SUB GRP II 0139021943 Loan Paid in Full 0 4.950% 360 14
GRP I SUB GRP II 0140161969 Loan Paid in Full 0 5.500% 360 12
GRP I SUB GRP II 0141707042 Loan Paid in Full 0 6.125% 360 9
GRP I SUB GRP II 0142031897 Loan Paid in Full (1) 5.700% 360 9
GRP I SUB GRP II 0142047588 Loan Paid in Full 0 7.625% 360 9
GRP I SUB GRP II 0142082841 Loan Paid in Full 0 5.250% 360 8
GRP I SUB GRP II 0142246636 Loan Paid in Full 0 8.750% 360 8
GRP I SUB GRP II 0142424605 Loan Paid in Full (1) 8.500% 360 7
GRP I SUB GRP II 0142440031 Loan Paid in Full 0 7.275% 360 7
GRP I SUB GRP II 0142466614 Loan Paid in Full 0 7.150% 360 7
GRP I SUB GRP II 0142480771 Loan Paid in Full 0 9.325% 360 8
GRP I SUB GRP II 0142534767 Loan Paid in Full 0 8.750% 360 9
GRP I SUB GRP II 0142541309 Loan Paid in Full 0 8.950% 360 7
GRP I SUB GRP II 0142542216 Loan Paid in Full 0 6.650% 360 8
GRP I SUB GRP II 0142626225 Loan Paid in Full 0 7.990% 360 7
GRP I SUB GRP II 0142653153 Loan Paid in Full 0 7.750% 360 6
GRP I SUB GRP II 0142697044 Loan Paid in Full 0 5.615% 360 7
GRP I SUB GRP II 0142718691 Loan Paid in Full 0 8.625% 360 7
GRP I SUB GRP II 0142738582 Loan Paid in Full 0 5.950% 360 6
GRP I SUB GRP II 0142772474 Loan Paid in Full 0 7.750% 360 8
GRP I SUB GRP II 0142789429 Loan Paid in Full 0 9.900% 360 7
GRP I SUB GRP II 0142876143 Loan Paid in Full 0 7.730% 360 7
GRP I SUB GRP II 0142879592 Loan Paid in Full 0 6.750% 360 8
GRP I SUB GRP II 0142886514 Loan Paid in Full 0 7.250% 360 8
GRP I SUB GRP II 0142926286 Loan Paid in Full 0 7.125% 360 7
GRP I SUB GRP II 0143038669 Loan Paid in Full 0 6.950% 360 6
GRP I SUB GRP II 0143039865 Loan Paid in Full 0 7.875% 360 7
GRP I SUB GRP II 0143061745 Loan Paid in Full (1) 6.950% 360 6
GRP I SUB GRP II 0143080224 Loan Paid in Full (1) 6.875% 360 6
GRP I SUB GRP II 0143105393 Loan Paid in Full 0 5.950% 360 6
GRP I SUB GRP II 0143107886 Loan Paid in Full 0 6.750% 360 6
GRP I SUB GRP II 0143108462 Loan Paid in Full 0 6.500% 360 6
GRP I SUB GRP II 0143111748 Loan Paid in Full 0 5.125% 360 6
GRP I SUB GRP II 0143158608 Loan Paid in Full 0 7.365% 360 6
GRP I SUB GRP II 0143164325 Loan Paid in Full 0 4.950% 360 6
GRP I SUB GRP II 0143171916 Loan Paid in Full 0 5.875% 360 6
GRP I SUB GRP II 0143180081 Loan Paid in Full (1) 7.875% 360 6
GRP I SUB GRP II 0143207504 Loan Paid in Full 0 6.125% 360 6
GRP I SUB GRP II 0143209575 Loan Paid in Full 0 8.500% 360 6
GRP I SUB GRP II 0143239044 Loan Paid in Full 0 7.250% 360 6
GRP I SUB GRP II 0143390763 Loan Paid in Full 0 5.875% 360 6
GRP I SUB GRP II 0143392611 Loan Paid in Full 0 7.125% 360 6
GRP I SUB GRP II 0143467322 Loan Paid in Full 0 7.950% 360 6
GRP I SUB GRP II 0143492494 Loan Paid in Full 0 8.875% 360 6
GRP I SUB GRP II 0143502151 Loan Paid in Full 0 6.290% 360 6
GRP I SUB GRP II 0143503969 Loan Paid in Full 0 7.100% 360 6
GRP I SUB GRP II 0143544666 Loan Paid in Full 0 7.760% 360 7
GRP I SUB GRP II 0143584621 Loan Paid in Full 0 6.950% 360 6
GRP II SUB GRP I 0142076504 Loan Paid in Full 0 10.880% 180 8
GRP II SUB GRP II 0141308452 Loan Paid in Full 0 6.750% 360 10
GRP II SUB GRP II 0141491639 Loan Paid in Full 0 4.750% 360 10
GRP II SUB GRP II 0141686352 Loan Paid in Full 0 6.500% 360 9
GRP II SUB GRP II 0141814541 Loan Paid in Full 0 5.375% 360 8
GRP II SUB GRP II 0141835942 Loan Paid in Full 0 5.950% 360 9
GRP II SUB GRP II 0142092386 Loan Paid in Full 0 3.950% 360 8
GRP II SUB GRP II 0142288158 Loan Paid in Full 0 6.750% 360 9
GRP II SUB GRP II 0142486604 Loan Paid in Full 0 6.125% 360 6
GRP II SUB GRP II 0142665181 Loan Paid in Full 0 5.990% 360 7
GRP II SUB GRP II 0142985498 Loan Paid in Full 0 7.500% 360 6
GRP II SUB GRP II 0143129393 Loan Paid in Full 0 7.625% 360 6
GRP II SUB GRP II 0143212363 Loan Paid in Full 0 7.375% 360 6
GRP II SUB GRP II 0143385078 Loan Paid in Full 0 6.500% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.965% Current Month 30.315% Current Month 2,092.090%
3 Month Average 3.598% 3 Month Average 34.836% 3 Month Average 2,918.650%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 18.443% N/A Aug-2005 2,152.729% N/A
Sep-2005 48.592% N/A Sep-2005 4,615.379% N/A
Oct-2005 25.601% N/A Oct-2005 2,048.483% N/A
Nov-2005 30.315% N/A Nov-2005 2,092.090% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP I SUBGRP I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.645% Current Month 27.503% Current Month 1,943.324%
3 Month Average 2.199% 3 Month Average 23.256% 3 Month Average 1,948.599%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 5.486% N/A Aug-2005 669.714% N/A
Sep-2005 26.548% N/A Sep-2005 2,611.718% N/A
Oct-2005 15.716% N/A Oct-2005 1,290.756% N/A
Nov-2005 27.503% N/A Nov-2005 1,943.324% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP I SUB GRP II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.725% Current Month 28.215% Current Month 1,998.566%
3 Month Average 3.851% 3 Month Average 36.346% 3 Month Average 3,180.539%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 16.157% N/A Aug-2005 1,978.436% N/A
Sep-2005 53.872% N/A Sep-2005 5,320.141% N/A
Oct-2005 26.949% N/A Oct-2005 2,222.911% N/A
Nov-2005 28.215% N/A Nov-2005 1,998.566% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP II SUB GRP I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.147% Current Month 1.750% Current Month 114.402%
3 Month Average 0.871% 3 Month Average 9.229% 3 Month Average 802.514%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 8.434% N/A Aug-2005 896.941% N/A
Sep-2005 25.796% N/A Sep-2005 2,282.582% N/A
Oct-2005 0.140% N/A Oct-2005 10.557% N/A
Nov-2005 1.750% N/A Nov-2005 114.402% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GRP II SUB GRP II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.523% Current Month 42.614% Current Month 2,766.657%
3 Month Average 4.569% 3 Month Average 42.528% 3 Month Average 3,244.182%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 32.167% N/A Aug-2005 3,366.211% N/A
Sep-2005 51.341% N/A Sep-2005 4,455.266% N/A
Oct-2005 33.630% N/A Oct-2005 2,510.622% N/A
Nov-2005 42.614% N/A Nov-2005 2,766.657% 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>
GRP I SUBGRP I 0 0.00 0.00 0.000%
GRP I SUB GRP II 0 0.00 0.00 0.000%
GRP II SUB GRP I 0 0.00 0.00 0.000%
GRP II SUB GRP II 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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.
GRP I SUBGRP I
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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.
GRP I SUB GRP 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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.
GRP II SUB GRP 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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.
GRP II SUB GRP 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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>