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-SL1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-07
Pooling and Servicing Agreement) (Commission 54-2182224
(State or other File Number) 54-2182225
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-SL1 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-SL1 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-SL1 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-SL1 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-SL1
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
A-1A 004421RT2 SEN 4.23750% 140,363,217.07 512,179.53
A-1B 004421RU9 SEN 5.11000% 25,000,000.00 106,458.33
M-1 004421RV7 SEN 5.37000% 24,537,000.00 109,803.08
M-2 004421RW5 SEN 5.76000% 13,560,000.00 65,088.00
M-3 004421RX3 SEN 5.86000% 5,811,000.00 28,377.05
M-4 004421RY1 SEN 6.11000% 5,940,000.00 30,244.50
M-5 004421RZ8 SEN 6.21000% 5,424,000.00 28,069.20
M-6 004421SA2 SEN 6.36000% 4,778,000.00 25,323.40
M-7 004421SB0 SEN 6.50000% 5,036,000.00 27,278.33
B-1 004421SC8 SEN 6.00000% 4,649,000.00 23,245.00
B-2 004421SD6 SEN 6.00000% 4,262,000.00 21,310.00
P ACE05SL1P SEN 0.00000% 100.00 112,312.28
CE-1 ACE05SLC1 SEN 0.00000% 4,831,190.31 0.00
CE-2 ACE05SLC2 SEN 0.00000% 0.00 45,387.56
R ACE05SLR1 SEN 0.00000% 0.00 0.00
Totals 244,191,507.38 1,135,076.26
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1A 12,465,685.76 0.00 127,897,531.31 12,977,865.29 0.00
A-1B 0.00 0.00 25,000,000.00 106,458.33 0.00
M-1 0.00 0.00 24,537,000.00 109,803.08 0.00
M-2 0.00 0.00 13,560,000.00 65,088.00 0.00
M-3 0.00 0.00 5,811,000.00 28,377.05 0.00
M-4 0.00 0.00 5,940,000.00 30,244.50 0.00
M-5 0.00 0.00 5,424,000.00 28,069.20 0.00
M-6 0.00 0.00 4,778,000.00 25,323.40 0.00
M-7 0.00 0.00 5,036,000.00 27,278.33 0.00
B-1 0.00 0.00 4,649,000.00 23,245.00 0.00
B-2 0.00 0.00 4,262,000.00 21,310.00 0.00
P 0.00 0.00 100.00 112,312.28 0.00
CE-1 0.00 0.00 5,797,768.92 0.00 0.00
CE-2 0.00 0.00 0.00 45,387.56 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 12,465,685.76 0.00 232,692,400.23 13,600,762.02 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
A-1A 156,701,000.00 140,363,217.07 0.00 12,465,685.76 0.00 0.00
A-1B 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
M-1 24,537,000.00 24,537,000.00 0.00 0.00 0.00 0.00
M-2 13,560,000.00 13,560,000.00 0.00 0.00 0.00 0.00
M-3 5,811,000.00 5,811,000.00 0.00 0.00 0.00 0.00
M-4 5,940,000.00 5,940,000.00 0.00 0.00 0.00 0.00
M-5 5,424,000.00 5,424,000.00 0.00 0.00 0.00 0.00
M-6 4,778,000.00 4,778,000.00 0.00 0.00 0.00 0.00
M-7 5,036,000.00 5,036,000.00 0.00 0.00 0.00 0.00
B-1 4,649,000.00 4,649,000.00 0.00 0.00 0.00 0.00
B-2 4,262,000.00 4,262,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE-1 2,583,241.00 4,831,190.31 0.00 0.00 0.00 0.00
CE-2 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 258,281,341.00 244,191,507.38 0.00 12,465,685.76 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
A-1A 12,465,685.76 127,897,531.31 0.81618835 12,465,685.76
A-1B 0.00 25,000,000.00 1.00000000 0.00
M-1 0.00 24,537,000.00 1.00000000 0.00
M-2 0.00 13,560,000.00 1.00000000 0.00
M-3 0.00 5,811,000.00 1.00000000 0.00
M-4 0.00 5,940,000.00 1.00000000 0.00
M-5 0.00 5,424,000.00 1.00000000 0.00
M-6 0.00 4,778,000.00 1.00000000 0.00
M-7 0.00 5,036,000.00 1.00000000 0.00
B-1 0.00 4,649,000.00 1.00000000 0.00
B-2 0.00 4,262,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE-1 0.00 5,797,768.92 2.24437786 0.00
CE-2 0.00 0.00 0.00000000 0.00
R 0.00 0.00 0.00000000 0.00
Totals 12,465,685.76 232,692,400.23 0.90092610 12,465,685.76
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
A-1A 156,701,000.00 895.73912783 0.00000000 79.55077351 0.00000000
A-1B 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 24,537,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 13,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 5,811,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 5,940,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 5,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 4,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 5,036,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 4,649,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-2 4,262,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE-1 2,583,241.00 1870.20502926 0.00000000 0.00000000 0.00000000
CE-2 0.00 0.00000000 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-1A 0.00000000 79.55077351 816.18835432 0.81618835 79.55077351
A-1B 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
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
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE-1 0.00000000 0.00000000 2,244.37786486 2.24437786 0.00000000
CE-2 0.00000000 0.00000000 0.00000000 0.00000000 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-1A 156,701,000.00 4.23750% 140,363,217.07 512,179.53 0.00 0.00
A-1B 25,000,000.00 5.11000% 25,000,000.00 106,458.33 0.00 0.00
M-1 24,537,000.00 5.37000% 24,537,000.00 109,803.08 0.00 0.00
M-2 13,560,000.00 5.76000% 13,560,000.00 65,088.00 0.00 0.00
M-3 5,811,000.00 5.86000% 5,811,000.00 28,377.05 0.00 0.00
M-4 5,940,000.00 6.11000% 5,940,000.00 30,244.50 0.00 0.00
M-5 5,424,000.00 6.21000% 5,424,000.00 28,069.20 0.00 0.00
M-6 4,778,000.00 6.36000% 4,778,000.00 25,323.40 0.00 0.00
M-7 5,036,000.00 6.50000% 5,036,000.00 27,278.33 0.00 0.00
B-1 4,649,000.00 6.00000% 4,649,000.00 23,245.00 0.00 0.00
B-2 4,262,000.00 6.00000% 4,262,000.00 21,310.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE-1 2,583,241.00 0.00000% 244,191,507.38 0.00 0.00 0.00
CE-2 0.00 0.00000% 0.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 258,281,341.00 977,376.42 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.00 0.00 512,179.53 0.00 127,897,531.31
A-1B 0.00 0.00 106,458.33 0.00 25,000,000.00
M-1 0.00 0.00 109,803.08 0.00 24,537,000.00
M-2 0.00 0.00 65,088.00 0.00 13,560,000.00
M-3 0.00 0.00 28,377.05 0.00 5,811,000.00
M-4 0.00 0.00 30,244.50 0.00 5,940,000.00
M-5 0.00 0.00 28,069.20 0.00 5,424,000.00
M-6 0.00 0.00 25,323.40 0.00 4,778,000.00
M-7 0.00 0.00 27,278.33 0.00 5,036,000.00
B-1 0.00 0.00 23,245.00 0.00 4,649,000.00
B-2 0.00 0.00 21,310.00 0.00 4,262,000.00
P 0.00 0.00 112,312.28 0.00 100.00
CE-1 0.00 0.00 0.00 0.00 232,692,400.23
CE-2 0.00 0.00 45,387.56 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,135,076.26 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1A 156,701,000.00 4.23750% 895.73912783 3.26851475 0.00000000 0.00000000
A-1B 25,000,000.00 5.11000% 1000.00000000 4.25833320 0.00000000 0.00000000
M-1 24,537,000.00 5.37000% 1000.00000000 4.47500020 0.00000000 0.00000000
M-2 13,560,000.00 5.76000% 1000.00000000 4.80000000 0.00000000 0.00000000
M-3 5,811,000.00 5.86000% 1000.00000000 4.88333333 0.00000000 0.00000000
M-4 5,940,000.00 6.11000% 1000.00000000 5.09166667 0.00000000 0.00000000
M-5 5,424,000.00 6.21000% 1000.00000000 5.17500000 0.00000000 0.00000000
M-6 4,778,000.00 6.36000% 1000.00000000 5.30000000 0.00000000 0.00000000
M-7 5,036,000.00 6.50000% 1000.00000000 5.41666600 0.00000000 0.00000000
B-1 4,649,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
B-2 4,262,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE-1 2,583,241.00 0.00000% 94529.12344609 0.00000000 0.00000000 0.00000000
CE-2 0.00 0.00000% 0.00000000 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-1A 0.00000000 0.00000000 3.26851475 0.00000000 816.18835432
A-1B 0.00000000 0.00000000 4.25833320 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 4.47500020 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 4.80000000 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 4.88333333 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 5.09166667 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 5.17500000 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 5.30000000 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 5.41666600 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
B-2 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
P 0.00000000 0.00000000 1123122.80000000 0.00000000 1000.00000000
CE-1 0.00000000 0.00000000 0.00000000 0.00000000 90077.69705962
CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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 13,500,112.97
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 95,464.67
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 112,312.28
Total Deposits 13,707,889.92
Withdrawals
Reimbursement for Servicer Advances 41,611.82
Payment of Service Fee 65,516.08
Payment of Interest and Principal 13,600,762.02
Total Withdrawals (Pool Distribution Amount) 13,707,889.92
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 56,358.90
Credit Risk Manager Fee - Murray Hill 3,052.39
Wells Fargo Master Servicing Fee 6,104.79
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 65,516.08
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 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 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 154 0 0 0 154
7,254,490.66 0.00 0.00 0.00 7,254,490.66
60 Days 38 0 0 0 38
1,591,801.84 0.00 0.00 0.00 1,591,801.84
90 Days 20 0 0 0 20
1,197,787.31 0.00 0.00 0.00 1,197,787.31
120 Days 6 0 0 0 6
245,847.77 0.00 0.00 0.00 245,847.77
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 218 0 0 0 218
10,289,927.58 0.00 0.00 0.00 10,289,927.58
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 3.212349% 0.000000% 0.000000% 0.000000% 3.212349%
3.115899% 0.000000% 0.000000% 0.000000% 3.115899%
60 Days 0.792657% 0.000000% 0.000000% 0.000000% 0.792657%
0.683700% 0.000000% 0.000000% 0.000000% 0.683700%
90 Days 0.417188% 0.000000% 0.000000% 0.000000% 0.417188%
0.514465% 0.000000% 0.000000% 0.000000% 0.514465%
120 Days 0.125156% 0.000000% 0.000000% 0.000000% 0.125156%
0.105595% 0.000000% 0.000000% 0.000000% 0.105595%
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 4.547351% 0.000000% 0.000000% 0.000000% 4.547351%
4.419660% 0.000000% 0.000000% 0.000000% 4.419660%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 95,464.67
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 CE-1 255,698,100.00 98.99983445% 226,894,631.31 97.50839782% 2.491602% 0.000000%
Class B-2 251,436,100.00 97.34969589% 222,632,631.31 95.67679524% 1.831603% 0.000000%
Class B-1 246,787,100.00 95.54972072% 217,983,631.31 93.67887868% 1.997917% 0.000000%
Class M-4 225,609,100.00 87.35013498% 196,805,631.31 84.57759304% 2.552726% 0.000000%
Class M-3 219,798,100.00 85.10026282% 190,994,631.31 82.08030478% 2.497288% 0.000000%
Class M-2 206,238,100.00 79.85017392% 177,434,631.31 76.25286908% 5.827436% 0.000000%
Class M-1 181,701,100.00 70.35006838% 152,897,631.31 65.70804683% 10.544822% 0.000000%
Class A1-B 156,701,100.00 60.67070095% 127,897,631.31 54.96424945% 10.743797% 0.000000%
Class A1-A 100.00 0.00003872% 100.00 0.00004298% 54.964206% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000043% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
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 0 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
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>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 10.290387%
Weighted Average Net Coupon 10.013429%
Weighted Average Pass-Through Rate 9.968429%
Weighted Average Maturity(Stepdown Calculation) 316
Beginning Scheduled Collateral Loan Count 4,991
Number Of Loans Paid In Full 197
Ending Scheduled Collateral Loan Count 4,794
Beginning Scheduled Collateral Balance 244,191,507.38
Ending Scheduled Collateral Balance 232,692,400.23
Ending Actual Collateral Balance at 31-Oct-2005 232,821,715.57
Monthly P&I Constant 2,237,958.71
Special Servicing Fee 0.00
Prepayment Penalties 112,312.28
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 143,937.87
Unscheduled Principal 11,355,169.28
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 966,578.61
Overcollateralized reduction Amount 0.00
Specified O/C Amount 14,980,317.79
Overcollateralized Amount 5,797,768.92
Overcollateralized Deficiency Amount 9,182,548.88
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 966,578.61
Excess Cash Amount 0.00
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>
Total 197 11,364,338.00 11,310,570.55 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>
Total 0 0.00 0.00 0 0.00 0.00 50,226.11
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>
Summary 0110443682 CA 99.99 01-Apr-2005 59,890.00 59,660.07
Summary 0110443771 FL 95.00 01-Mar-2005 30,115.00 29,958.46
Summary 0110444688 CA 100.00 01-Apr-2005 100,585.00 100,144.54
Summary 0110444707 MD 90.00 01-Apr-2005 31,400.00 31,236.69
Summary 0110447367 SC 100.00 01-Apr-2005 34,100.00 33,693.50
Summary 0110447375 CA 99.98 01-Apr-2005 48,050.00 47,488.52
Summary 0110447673 CO 100.00 01-May-2005 58,058.00 57,836.72
Summary 0110452089 AZ 90.00 01-May-2005 22,800.00 22,685.02
Summary 0110452124 AZ 100.00 01-May-2005 52,400.00 52,246.86
Summary 0110452165 CA 100.00 01-Apr-2005 61,000.00 60,870.61
Summary 0110456381 CA 90.00 01-May-2005 48,250.00 48,074.73
Summary 0110456393 CA 100.00 01-May-2005 63,716.00 63,435.49
Summary 0110457128 MD 100.00 01-May-2005 50,200.00 49,971.22
Summary 0110457129 NV 100.00 01-Apr-2005 38,183.00 38,011.70
Summary 0110457883 CA 100.00 01-May-2005 101,800.00 101,319.67
Summary 0110463066 CO 100.00 01-May-2005 51,329.00 51,205.82
Summary 0110463074 CA 95.00 01-Apr-2005 67,500.00 67,335.50
Summary 0110463309 CA 95.00 01-May-2005 87,336.00 86,957.67
Summary 0110463543 FL 95.00 01-Apr-2005 33,000.00 32,891.78
Summary 0110463545 CA 100.00 01-Apr-2005 98,600.00 98,308.88
Summary 0110463586 CA 100.00 01-Apr-2005 72,000.00 71,693.18
Summary 0110463588 MA 100.00 01-Apr-2005 57,000.00 56,845.90
Summary 0110463686 MA 100.00 01-Apr-2005 76,000.00 75,757.30
Summary 0110463691 MA 100.00 01-Apr-2005 104,000.00 103,565.93
Summary 0110463719 NJ 95.00 01-Apr-2005 21,750.00 21,397.46
Summary 0110463755 CA 95.00 01-Apr-2005 9,100.00 8,165.66
Summary 0110463780 MD 95.00 01-Apr-2005 17,010.00 16,714.65
Summary 0110463782 VA 90.00 01-Apr-2005 17,500.00 17,286.79
Summary 0110463886 MD 100.00 01-Apr-2005 50,000.00 49,839.97
Summary 0110463909 CA 100.00 01-Apr-2005 84,000.00 83,752.01
Summary 0110463991 CA 90.00 01-Mar-2005 48,645.00 48,444.28
Summary 0110464197 FL 99.14 01-Apr-2005 46,000.00 45,882.25
Summary 0110464203 MD 100.00 01-Apr-2005 57,600.00 57,434.80
Summary 0110464296 FL 100.00 01-Apr-2005 102,000.00 101,757.98
Summary 0110464299 MA 100.00 01-Apr-2005 59,000.00 57,919.28
Summary 0110464430 GA 100.00 01-Apr-2005 13,350.00 13,107.40
Summary 0110464457 FL 100.00 01-Feb-2005 22,100.00 21,615.70
Summary 0110464486 CA 100.00 01-Mar-2005 85,000.00 84,673.27
Summary 0110464547 CA 100.00 01-Mar-2005 44,600.00 44,439.11
Summary 0110464569 CA 100.00 01-Feb-2005 110,000.00 109,520.48
Summary 0110464757 CO 100.00 01-Apr-2005 34,000.00 33,839.45
Summary 0110464800 IL 100.00 01-Apr-2005 32,800.00 32,680.42
Summary 0110464826 MN 100.00 01-Apr-2005 50,480.00 50,273.12
Summary 0110464930 IL 95.00 01-Apr-2005 9,650.00 9,292.59
Summary 0110464949 FL 100.00 01-Apr-2005 13,485.00 13,318.90
Summary 0110464968 IL 95.00 01-Mar-2005 6,500.00 5,741.17
Summary 0110465055 CA 100.00 01-Apr-2005 86,600.00 86,344.80
Summary 0110465075 MA 100.00 01-Apr-2005 74,000.00 73,729.74
Summary 0110465090 AZ 100.00 01-Apr-2005 36,000.00 35,884.40
Summary 0110465154 CA 100.00 01-Apr-2005 109,000.00 108,642.64
Summary 0110465164 CA 100.00 01-Apr-2005 52,000.00 51,810.04
Summary 0110465204 UT 100.00 01-Apr-2005 36,000.00 35,853.52
Summary 0110465232 CA 100.00 01-Apr-2005 39,980.00 39,859.00
Summary 0110465234 CA 90.00 01-Apr-2005 58,500.00 58,286.35
Summary 0110465239 AZ 100.00 01-Apr-2005 41,200.00 41,068.47
Summary 0110465246 CA 100.00 01-Apr-2005 60,000.00 59,866.08
Summary 0110465274 CA 100.00 01-Apr-2005 126,000.00 125,276.23
Summary 0110465280 CA 97.62 01-Apr-2005 59,200.00 58,933.78
Summary 0110465325 VA 100.00 01-Apr-2005 46,500.00 46,330.17
Summary 0110465348 CA 100.00 01-Apr-2005 130,000.00 129,487.55
Summary 0110465349 AZ 100.00 01-Apr-2005 37,000.00 36,833.93
Summary 0110465410 CA 100.00 01-Apr-2005 77,000.00 76,697.45
Summary 0110465418 MD 95.00 01-Apr-2005 15,500.00 15,237.68
Summary 0110465430 OR 100.00 01-Apr-2005 27,000.00 26,701.69
Summary 0110465436 CA 95.00 01-Apr-2005 15,250.00 14,972.08
Summary 0110465472 PA 100.00 01-Apr-2005 40,000.00 39,846.33
Summary 0110465750 TX 100.00 01-May-2005 32,842.00 32,717.86
Summary 0110465764 CA 90.00 01-May-2005 28,928.00 28,563.25
Summary 0110465778 CA 100.00 01-Jun-2005 55,040.00 54,898.55
Summary 0110465810 CA 99.99 01-Jun-2005 90,950.00 90,545.32
Summary 0110465819 AZ 95.00 01-May-2005 48,375.00 48,165.40
Summary 0110465837 CA 100.00 01-May-2005 85,600.00 85,189.83
Summary 0110466394 MI 90.00 01-Jun-2005 19,200.00 19,052.25
Summary 0110466430 OR 87.66 01-Jun-2005 27,000.00 26,603.75
Summary 0110466432 GA 84.02 01-Jun-2005 44,100.00 28,617.84
Summary 0110466500 MI 93.21 01-Jun-2005 46,000.00 45,836.03
Summary 0110466516 IL 92.12 01-Jun-2005 20,000.00 19,877.81
Summary 0110466539 AL 71.30 01-Jun-2005 31,800.00 31,135.64
Summary 0110466583 PA 100.00 01-Jun-2005 63,000.00 62,807.33
Summary 0110466613 MD 100.00 01-May-2005 59,000.00 58,810.68
Summary 0110466616 HI 100.00 01-May-2005 54,900.00 54,736.33
Summary 0110466624 FL 100.00 01-May-2005 42,745.00 42,632.91
Summary 0110466632 CA 100.00 01-Mar-2005 62,000.00 61,802.26
Summary 0110466676 AZ 100.00 01-Jan-2005 27,300.00 27,186.59
Summary 0110466690 CA 100.00 01-Apr-2005 75,000.00 74,711.95
Summary 0110466699 MD 100.00 01-May-2005 90,000.00 89,814.18
Summary 0110466711 IL 100.00 01-Mar-2005 67,600.00 67,365.04
Summary 0110466748 FL 100.00 01-Jan-2005 29,000.00 28,903.76
Summary 0110466765 CA 100.00 01-May-2005 55,700.00 55,577.21
Summary 0110466779 OR 100.00 01-May-2005 27,800.00 27,741.32
Summary 0110466788 WA 100.00 01-May-2005 36,000.00 35,899.23
Summary 0110466793 CA 100.00 01-May-2005 53,000.00 52,794.81
Summary 0110466867 AZ 100.00 01-May-2005 24,000.00 23,934.42
Summary 0110466888 CA 99.64 01-Jan-2005 55,800.00 55,617.28
Summary 0110466904 MN 100.00 01-May-2005 29,800.00 29,685.79
Summary 0110466912 CA 100.00 01-Jan-2005 72,000.00 71,704.22
Summary 0110466934 CA 100.00 01-Jan-2005 77,000.00 76,630.36
Summary 0110466939 MA 100.00 01-May-2005 41,980.00 41,872.26
Summary 0110466965 FL 100.00 01-Jan-2005 30,000.00 29,905.97
Summary 0110466973 AZ 100.00 01-May-2005 36,400.00 36,293.79
Summary 0110466991 IL 100.00 01-May-2005 46,400.00 46,252.63
Summary 0110467017 IL 100.00 01-Jan-2005 37,800.00 37,636.22
Summary 0110467070 FL 100.00 01-May-2005 70,000.00 69,434.10
Summary 0110467076 IL 100.00 01-May-2005 77,300.00 77,116.07
Summary 0110467099 NY 100.00 01-Jan-2005 80,000.00 79,674.85
Summary 0110467130 CA 100.00 01-May-2005 80,400.00 80,170.33
Summary 0110467135 IL 100.00 01-May-2005 20,400.00 20,080.09
Summary 0110467165 CA 100.00 01-May-2005 87,000.00 86,759.35
Summary 0110467197 FL 100.00 01-May-2005 61,920.00 61,772.64
Summary 0110467261 GA 100.00 01-May-2005 69,000.00 68,811.12
Summary 0110467276 CA 100.00 01-May-2005 107,990.00 107,718.79
Summary 0110467277 CA 100.00 01-Jan-2005 77,000.00 76,640.77
Summary 0110467293 CA 100.00 01-May-2005 62,500.00 62,362.22
Summary 0110467401 IL 100.00 01-May-2005 49,440.00 49,321.11
Summary 0110467456 FL 100.00 01-Feb-2005 49,000.00 48,788.60
Summary 0110467515 CA 100.00 01-Feb-2005 83,800.00 83,377.50
Summary 0110467597 AZ 100.00 01-May-2005 89,643.00 89,455.88
Summary 0110467616 CA 100.00 01-May-2005 90,800.00 90,569.25
Summary 0110467620 CA 100.00 01-May-2005 108,000.00 107,691.56
Summary 0110467667 CA 100.00 01-May-2005 67,980.00 67,789.94
Summary 0110467671 CA 100.00 01-May-2005 73,600.00 73,353.68
Summary 0110467681 NJ 100.00 01-Feb-2005 80,000.00 79,718.16
Summary 0110467767 WI 100.00 01-May-2005 42,800.00 42,713.54
Summary 0110467784 IL 100.00 01-May-2005 44,700.00 44,593.62
Summary 0110467805 CO 100.00 01-May-2005 38,000.00 37,895.97
Summary 0110467881 HI 100.00 01-May-2005 104,800.00 104,531.08
Summary 0110467918 CA 100.00 01-Jan-2005 25,900.00 25,800.14
Summary 0110468004 HI 100.00 01-May-2005 37,440.00 37,359.25
Summary 0110468017 FL 100.00 01-Feb-2005 28,000.00 27,893.66
Summary 0110468034 MD 100.00 01-Feb-2005 31,600.00 31,514.29
Summary 0110468070 FL 100.00 01-Jan-2005 28,120.00 27,992.88
Summary 0110468071 NV 100.00 01-Jan-2005 22,521.00 22,453.45
Summary 0110468072 GA 100.00 01-May-2005 24,220.00 24,146.26
Summary 0110468095 AZ 100.00 01-Feb-2005 31,000.00 30,914.96
Summary 0110468133 CA 100.00 01-May-2005 137,000.00 136,655.98
Summary 0110468146 FL 100.00 01-Jan-2005 80,000.00 79,749.28
Summary 0110468187 MD 100.00 01-May-2005 42,000.00 41,881.26
Summary 0110468236 GA 100.00 01-May-2005 28,000.00 27,903.25
Summary 0110468237 CA 100.00 01-May-2005 53,600.00 53,450.11
Summary 0110468307 CA 100.00 01-May-2005 100,710.00 100,424.58
Summary 0110468310 CA 100.00 01-May-2005 110,000.00 109,765.36
Summary 0110468349 CA 100.00 01-May-2005 108,000.00 107,689.69
Summary 0110468363 MN 100.00 01-Jan-2005 34,601.00 34,410.53
Summary 0110468385 CA 100.00 01-May-2005 48,200.00 48,062.30
Summary 0110468386 IL 100.00 01-May-2005 43,000.00 42,889.01
Summary 0110468398 CA 100.00 01-May-2005 73,000.00 72,782.45
Summary 0110468430 UT 100.00 01-May-2005 28,000.00 27,919.12
Summary 0110468539 CA 100.00 01-Mar-2005 57,000.00 56,829.60
Summary 0110468564 CA 100.00 01-May-2005 22,000.00 21,933.65
Summary 0110468638 FL 100.00 01-May-2005 68,180.00 68,032.96
Summary 0110468646 CA 100.00 01-May-2005 42,000.00 41,861.49
Summary 0110468664 CA 100.00 01-Apr-2005 90,000.00 89,714.19
Summary 0110468709 IL 100.00 01-May-2005 20,400.00 20,348.75
Summary 0110468732 UT 100.00 01-May-2005 135,000.00 134,682.29
Summary 0110468776 NY 100.00 01-May-2005 78,000.00 77,774.80
Summary 0110468779 CA 100.00 01-May-2005 92,600.00 92,395.86
Summary 0110468784 IL 100.00 01-Jan-2005 37,800.00 37,648.01
Summary 0110468788 CA 100.00 01-May-2005 93,000.00 92,810.08
Summary 0110468820 NH 100.00 01-May-2005 40,000.00 39,885.74
Summary 0110468826 CA 100.00 01-Feb-2005 54,800.00 54,639.42
Summary 0110468842 CA 100.00 01-May-2005 67,000.00 66,852.30
Summary 0110468882 FL 100.00 01-May-2005 63,000.00 62,761.11
Summary 0110468913 NY 100.00 01-May-2005 100,000.00 99,743.39
Summary 0110468982 CA 100.00 01-May-2005 88,000.00 87,799.54
Summary 0110468988 AZ 100.00 01-Feb-2005 32,000.00 31,889.66
Summary 0110468992 CA 100.00 01-May-2005 93,798.00 93,562.43
Summary 0110468997 FL 100.00 01-May-2005 42,000.00 41,882.54
Summary 0110469001 CA 100.00 01-Mar-2005 69,000.00 68,724.71
Summary 0110469018 AZ 100.00 01-Mar-2005 37,000.00 36,892.95
Summary 0110469054 FL 100.00 01-May-2005 30,000.00 29,903.69
Summary 0110469057 MD 100.00 01-May-2005 35,000.00 34,910.15
Summary 0110469060 FL 100.00 01-May-2005 90,400.00 90,065.71
Summary 0110469063 IL 100.00 01-May-2005 93,000.00 92,776.33
Summary 0110469077 AZ 100.00 01-Jan-2005 29,500.00 29,376.21
Summary 0110469147 CA 100.00 01-Apr-2005 47,000.00 46,839.21
Summary 0110469156 HI 100.00 01-May-2005 126,600.00 126,302.11
Summary 0110469160 CA 100.00 01-May-2005 146,000.00 145,608.92
Summary 0110469176 CA 100.00 01-Apr-2005 39,000.00 38,878.77
Summary 0110469204 CA 100.00 01-May-2005 106,000.00 105,697.23
Summary 0110469211 CA 100.00 01-Feb-2005 74,783.00 74,546.58
Summary 0110469227 MN 100.00 01-May-2005 37,400.00 37,250.65
Summary 0110469259 FL 100.00 01-May-2005 49,380.00 49,259.95
Summary 0110469276 AK 100.00 01-Mar-2005 48,400.00 48,284.96
Summary 0110469299 CA 100.00 01-May-2005 80,000.00 79,803.36
Summary 0110469308 CA 100.00 01-May-2005 55,000.00 54,881.35
Summary 0110469343 NV 100.00 01-May-2005 56,600.00 56,479.25
Summary 0110469365 CA 100.00 01-May-2005 26,000.00 25,931.04
Summary 0110469379 CA 100.00 01-May-2005 47,000.00 46,849.13
Summary 0110469436 NC 100.00 01-May-2005 95,260.00 95,020.81
Summary 0110469455 CA 99.29 01-May-2005 42,000.00 41,859.41
Summary 0110469500 CA 100.00 01-May-2005 140,000.00 139,531.45
Summary 0110469529 AZ 100.00 01-May-2005 24,500.00 24,317.07
Summary 0110469561 CA 100.00 01-May-2005 72,980.00 72,771.57
Summary 0110469562 UT 100.00 01-May-2005 32,000.00 31,897.24
Summary 0110469597 CA 100.00 01-May-2005 102,500.00 102,278.92
Summary 0110469599 CA 100.00 01-May-2005 63,800.00 63,662.41
Summary 0110469622 FL 100.00 01-May-2005 48,000.00 47,821.69
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>
Summary 0110443682 Loan Paid in Full (1) 9.750% 180 7
Summary 0110443771 Loan Paid in Full 0 8.875% 180 8
Summary 0110444688 Loan Paid in Full 0 9.125% 180 7
Summary 0110444707 Loan Paid in Full 0 9.125% 240 7
Summary 0110447367 Loan Paid in Full 0 9.250% 240 7
Summary 0110447375 Loan Paid in Full 0 9.750% 240 7
Summary 0110447673 Loan Paid in Full 0 9.125% 180 6
Summary 0110452089 Loan Paid in Full 0 7.750% 180 6
Summary 0110452124 Loan Paid in Full (1) 10.850% 180 6
Summary 0110452165 Loan Paid in Full 0 11.875% 180 7
Summary 0110456381 Loan Paid in Full 0 10.000% 240 6
Summary 0110456393 Loan Paid in Full (1) 10.250% 180 6
Summary 0110457128 Loan Paid in Full (1) 8.250% 180 6
Summary 0110457129 Loan Paid in Full 0 9.000% 180 7
Summary 0110457883 Loan Paid in Full 0 9.125% 180 6
Summary 0110463066 Loan Paid in Full 0 12.500% 180 6
Summary 0110463074 Loan Paid in Full 0 11.875% 240 7
Summary 0110463309 Loan Paid in Full 0 8.500% 180 6
Summary 0110463543 Loan Paid in Full 0 10.500% 360 7
Summary 0110463545 Loan Paid in Full 0 10.990% 360 7
Summary 0110463586 Loan Paid in Full 0 9.250% 360 7
Summary 0110463588 Loan Paid in Full 0 11.400% 360 7
Summary 0110463686 Loan Paid in Full 0 10.625% 360 7
Summary 0110463691 Loan Paid in Full 0 9.350% 360 7
Summary 0110463719 Loan Paid in Full 0 12.250% 180 7
Summary 0110463755 Loan Paid in Full 0 11.500% 60 7
Summary 0110463780 Loan Paid in Full 0 11.500% 180 7
Summary 0110463782 Loan Paid in Full 0 9.390% 240 7
Summary 0110463886 Loan Paid in Full 0 10.625% 360 7
Summary 0110463909 Loan Paid in Full 0 10.990% 360 7
Summary 0110463991 Loan Paid in Full 0 9.990% 360 8
Summary 0110464197 Loan Paid in Full 0 11.650% 360 7
Summary 0110464203 Loan Paid in Full 0 11.125% 360 7
Summary 0110464296 Loan Paid in Full 3 10.625% 360 7
Summary 0110464299 Loan Paid in Full 0 10.990% 180 7
Summary 0110464430 Loan Paid in Full 0 11.000% 180 7
Summary 0110464457 Loan Paid in Full 0 11.500% 180 9
Summary 0110464486 Loan Paid in Full 0 10.900% 360 8
Summary 0110464547 Loan Paid in Full 0 10.625% 360 8
Summary 0110464569 Loan Paid in Full 0 10.250% 360 9
Summary 0110464757 Loan Paid in Full 0 8.750% 360 7
Summary 0110464800 Loan Paid in Full 0 10.000% 360 7
Summary 0110464826 Loan Paid in Full 0 9.990% 360 7
Summary 0110464930 Loan Paid in Full 0 11.500% 120 7
Summary 0110464949 Loan Paid in Full 0 8.990% 240 7
Summary 0110464968 Loan Paid in Full 0 11.250% 60 8
Summary 0110465055 Loan Paid in Full 0 10.999% 360 7
Summary 0110465075 Loan Paid in Full 0 9.990% 360 7
Summary 0110465090 Loan Paid in Full 2 10.600% 360 7
Summary 0110465154 Loan Paid in Full 0 10.500% 360 7
Summary 0110465164 Loan Paid in Full 0 9.990% 360 7
Summary 0110465204 Loan Paid in Full 0 9.475% 360 7
Summary 0110465232 Loan Paid in Full (1) 10.875% 360 7
Summary 0110465234 Loan Paid in Full 0 9.990% 360 7
Summary 0110465239 Loan Paid in Full 0 10.625% 360 7
Summary 0110465246 Loan Paid in Full 0 12.275% 360 7
Summary 0110465274 Loan Paid in Full 0 10.500% 360 7
Summary 0110465280 Loan Paid in Full 0 8.990% 360 7
Summary 0110465325 Loan Paid in Full 0 9.990% 360 7
Summary 0110465348 Loan Paid in Full 0 9.625% 360 7
Summary 0110465349 Loan Paid in Full 0 9.000% 360 7
Summary 0110465410 Loan Paid in Full 0 10.500% 360 7
Summary 0110465418 Loan Paid in Full 0 11.780% 180 7
Summary 0110465430 Loan Paid in Full 0 9.875% 240 7
Summary 0110465436 Loan Paid in Full 0 10.990% 180 7
Summary 0110465472 Loan Paid in Full 0 9.750% 360 7
Summary 0110465750 Loan Paid in Full 0 9.625% 180 6
Summary 0110465764 Loan Paid in Full 0 11.250% 180 6
Summary 0110465778 Loan Paid in Full 0 10.250% 180 5
Summary 0110465810 Loan Paid in Full (1) 9.625% 180 5
Summary 0110465819 Loan Paid in Full 0 8.500% 180 6
Summary 0110465837 Loan Paid in Full (1) 8.000% 240 6
Summary 0110466394 Loan Paid in Full 0 8.175% 180 5
Summary 0110466430 Loan Paid in Full 0 6.800% 180 5
Summary 0110466432 Loan Paid in Full 0 5.450% 180 5
Summary 0110466500 Loan Paid in Full 0 9.300% 180 5
Summary 0110466516 Loan Paid in Full 0 9.175% 180 5
Summary 0110466539 Loan Paid in Full 0 6.000% 180 5
Summary 0110466583 Loan Paid in Full 0 9.425% 180 5
Summary 0110466613 Loan Paid in Full 0 9.950% 180 6
Summary 0110466616 Loan Paid in Full 0 10.300% 360 6
Summary 0110466624 Loan Paid in Full 0 10.900% 360 6
Summary 0110466632 Loan Paid in Full 0 11.200% 360 8
Summary 0110466676 Loan Paid in Full 0 10.950% 360 10
Summary 0110466690 Loan Paid in Full 0 9.750% 360 7
Summary 0110466699 Loan Paid in Full 0 12.000% 360 6
Summary 0110466711 Loan Paid in Full 0 10.800% 360 8
Summary 0110466748 Loan Paid in Full 0 12.250% 360 10
Summary 0110466765 Loan Paid in Full 0 11.700% 360 6
Summary 0110466779 Loan Paid in Full 0 11.900% 360 6
Summary 0110466788 Loan Paid in Full 0 10.950% 360 6
Summary 0110466793 Loan Paid in Full 0 9.150% 360 6
Summary 0110466867 Loan Paid in Full 0 10.750% 360 6
Summary 0110466888 Loan Paid in Full 0 12.050% 360 10
Summary 0110466904 Loan Paid in Full 0 9.100% 360 6
Summary 0110466912 Loan Paid in Full 0 11.000% 360 10
Summary 0110466934 Loan Paid in Full 0 10.400% 360 10
Summary 0110466939 Loan Paid in Full (1) 11.000% 360 6
Summary 0110466965 Loan Paid in Full 0 12.250% 360 10
Summary 0110466973 Loan Paid in Full 0 10.400% 360 6
Summary 0110466991 Loan Paid in Full 0 10.000% 360 6
Summary 0110467017 Loan Paid in Full 0 10.750% 360 10
Summary 0110467070 Loan Paid in Full 0 11.900% 360 6
Summary 0110467076 Loan Paid in Full (1) 11.350% 360 6
Summary 0110467099 Loan Paid in Full 0 11.050% 360 10
Summary 0110467130 Loan Paid in Full 0 10.500% 360 6
Summary 0110467135 Loan Paid in Full 0 11.100% 180 6
Summary 0110467165 Loan Paid in Full 0 10.650% 360 6
Summary 0110467197 Loan Paid in Full (1) 11.350% 360 6
Summary 0110467261 Loan Paid in Full 0 10.700% 360 6
Summary 0110467276 Loan Paid in Full 1 11.100% 360 6
Summary 0110467277 Loan Paid in Full 0 10.400% 360 10
Summary 0110467293 Loan Paid in Full 0 11.700% 360 6
Summary 0110467401 Loan Paid in Full (1) 11.300% 360 6
Summary 0110467456 Loan Paid in Full 0 10.300% 360 9
Summary 0110467515 Loan Paid in Full 0 12.250% 360 9
Summary 0110467597 Loan Paid in Full 0 11.950% 360 6
Summary 0110467616 Loan Paid in Full 0 11.700% 360 6
Summary 0110467620 Loan Paid in Full 0 10.500% 360 6
Summary 0110467667 Loan Paid in Full 0 10.600% 360 6
Summary 0110467671 Loan Paid in Full 0 9.750% 360 6
Summary 0110467681 Loan Paid in Full (1) 11.250% 360 9
Summary 0110467767 Loan Paid in Full (1) 12.100% 360 6
Summary 0110467784 Loan Paid in Full 0 11.350% 360 6
Summary 0110467805 Loan Paid in Full 0 10.700% 360 6
Summary 0110467881 Loan Paid in Full 0 11.000% 360 6
Summary 0110467918 Loan Paid in Full 0 11.300% 360 10
Summary 0110468004 Loan Paid in Full 0 11.800% 360 6
Summary 0110468017 Loan Paid in Full 0 10.900% 360 9
Summary 0110468034 Loan Paid in Full (1) 12.450% 360 9
Summary 0110468070 Loan Paid in Full 0 10.550% 360 10
Summary 0110468071 Loan Paid in Full 0 12.500% 360 10
Summary 0110468072 Loan Paid in Full 0 10.200% 360 6
Summary 0110468095 Loan Paid in Full 0 12.400% 360 9
Summary 0110468133 Loan Paid in Full (1) 11.100% 360 6
Summary 0110468146 Loan Paid in Full 0 12.250% 360 10
Summary 0110468187 Loan Paid in Full 0 10.550% 360 6
Summary 0110468236 Loan Paid in Full 0 9.600% 360 6
Summary 0110468237 Loan Paid in Full (1) 10.600% 360 6
Summary 0110468307 Loan Paid in Full 0 10.600% 360 6
Summary 0110468310 Loan Paid in Full 0 11.850% 360 6
Summary 0110468349 Loan Paid in Full (1) 10.500% 360 6
Summary 0110468363 Loan Paid in Full 0 9.610% 360 10
Summary 0110468385 Loan Paid in Full 0 10.500% 360 6
Summary 0110468386 Loan Paid in Full 0 11.050% 360 6
Summary 0110468398 Loan Paid in Full 0 10.300% 360 6
Summary 0110468430 Loan Paid in Full 0 10.450% 360 6
Summary 0110468539 Loan Paid in Full 0 11.500% 360 8
Summary 0110468564 Loan Paid in Full 0 10.500% 360 6
Summary 0110468638 Loan Paid in Full 0 11.800% 360 6
Summary 0110468646 Loan Paid in Full (1) 11.700% 360 6
Summary 0110468664 Loan Paid in Full 0 10.650% 360 7
Summary 0110468709 Loan Paid in Full (1) 11.100% 360 6
Summary 0110468732 Loan Paid in Full 0 11.400% 360 6
Summary 0110468776 Loan Paid in Full 0 10.450% 360 6
Summary 0110468779 Loan Paid in Full 0 11.700% 360 6
Summary 0110468784 Loan Paid in Full 0 11.100% 360 10
Summary 0110468788 Loan Paid in Full 0 12.050% 360 6
Summary 0110468820 Loan Paid in Full 0 10.500% 360 6
Summary 0110468826 Loan Paid in Full 0 12.100% 360 9
Summary 0110468842 Loan Paid in Full 0 11.700% 360 6
Summary 0110468882 Loan Paid in Full 0 9.150% 360 6
Summary 0110468913 Loan Paid in Full 0 11.000% 360 6
Summary 0110468982 Loan Paid in Full 0 11.550% 360 6
Summary 0110468988 Loan Paid in Full 0 11.350% 360 9
Summary 0110468992 Loan Paid in Full 0 11.100% 360 6
Summary 0110468997 Loan Paid in Full 0 10.600% 360 6
Summary 0110469001 Loan Paid in Full 0 10.150% 360 8
Summary 0110469018 Loan Paid in Full 0 11.650% 360 8
Summary 0110469054 Loan Paid in Full 0 9.950% 360 6
Summary 0110469057 Loan Paid in Full 0 11.000% 360 6
Summary 0110469060 Loan Paid in Full 0 10.250% 360 6
Summary 0110469063 Loan Paid in Full (1) 11.300% 360 6
Summary 0110469077 Loan Paid in Full 0 10.900% 360 10
Summary 0110469147 Loan Paid in Full 0 10.300% 360 7
Summary 0110469156 Loan Paid in Full 0 11.400% 360 6
Summary 0110469160 Loan Paid in Full 0 10.800% 360 6
Summary 0110469176 Loan Paid in Full (1) 10.750% 360 7
Summary 0110469204 Loan Paid in Full 0 10.500% 360 6
Summary 0110469211 Loan Paid in Full 0 11.750% 360 9
Summary 0110469227 Loan Paid in Full 0 8.900% 360 6
Summary 0110469259 Loan Paid in Full 0 11.250% 360 6
Summary 0110469276 Loan Paid in Full 0 12.550% 360 8
Summary 0110469299 Loan Paid in Full 0 11.200% 360 6
Summary 0110469308 Loan Paid in Full 0 11.800% 360 6
Summary 0110469343 Loan Paid in Full 0 11.850% 360 6
Summary 0110469365 Loan Paid in Full (1) 10.850% 360 6
Summary 0110469379 Loan Paid in Full 0 9.950% 360 6
Summary 0110469436 Loan Paid in Full 0 11.100% 360 6
Summary 0110469455 Loan Paid in Full 0 9.750% 360 6
Summary 0110469500 Loan Paid in Full (1) 9.750% 360 6
Summary 0110469529 Loan Paid in Full 0 10.000% 360 6
Summary 0110469561 Loan Paid in Full 0 10.500% 360 6
Summary 0110469562 Loan Paid in Full 0 9.950% 360 6
Summary 0110469597 Loan Paid in Full 0 11.800% 360 6
Summary 0110469599 Loan Paid in Full 0 11.800% 360 6
Summary 0110469622 Loan Paid in Full 0 9.250% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.653% Current Month 43.546% Current Month 3,302.566%
3 Month Average 3.357% 3 Month Average 33.233% 3 Month Average 2,950.984%
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 N/A N/A Aug-2005 N/A N/A
Sep-2005 27.875% N/A Sep-2005 3,025.230% N/A
Oct-2005 28.279% N/A Oct-2005 2,525.155% N/A
Nov-2005 43.546% N/A Nov-2005 3,302.566% 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.
<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>
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 N/A N/A Aug-2005 N/A 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 N/A N/A Aug-2005 N/A 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>