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): December 27, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-J
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-37
Pooling and Servicing Agreement) (Commission 54-2186666
(State or other File Number) 54-2186667
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 December 27, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-J
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2005-J Trust, relating to the
December 27, 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.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-J Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 12/28/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-J Trust,
relating to the December 27, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 11/30/2005
Distribution Date: 12/27/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series BOAMS 2005-J
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
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
1A1 05949CKM7 5.21582% 67,098,339.39 291,643.77
1A2 05949CKN5 5.21582% 2,838,022.85 12,335.50
1AR 05949CKP0 5.22120% 0.00 0.00
2A1 05949CKQ8 5.11109% 115,119,451.20 490,321.33
2A2 05949CKR6 5.11109% 10,915,072.30 46,489.91
2A3 05949CKS4 5.11109% 90,484,316.34 385,394.39
2A4 05949CKT2 5.11109% 23,306,000.00 99,265.84
2A5 05949CKU9 5.11109% 29,131,000.00 124,075.91
3A1 05949CKV7 5.27620% 60,313,483.83 265,188.27
3A2 05949CKW5 5.27620% 2,551,666.65 11,219.25
4A1 05949CKX3 5.43776% 56,697,140.61 256,921.39
4A2 05949CKY1 5.43776% 2,398,270.47 10,867.69
B1 05949CKZ8 5.19159% 11,089,241.12 47,975.63
B2 05949CLA2 5.19159% 2,893,019.36 12,516.13
B3 05949CLB0 5.19159% 1,928,346.36 8,342.65
B4 05949CLC8 5.19159% 964,673.01 4,173.49
B5 05949CLD6 5.19159% 963,673.35 4,169.16
B6 05949CLE4 5.19159% 964,938.26 4,174.63
Totals 479,656,655.10 2,075,074.94
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
1A1 1,474,116.70 0.00 65,624,222.69 1,765,760.47 0.00
1A2 62,349.93 0.00 2,775,672.91 74,685.43 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 1,465,958.75 0.00 113,653,492.45 1,956,280.08 0.00
2A2 138,995.15 0.00 10,776,077.15 185,485.06 0.00
2A3 1,819,994.38 0.00 88,664,321.96 2,205,388.77 0.00
2A4 0.00 0.00 23,306,000.00 99,265.84 0.00
2A5 0.00 0.00 29,131,000.00 124,075.91 0.00
3A1 32,396.45 0.00 60,281,087.38 297,584.72 0.00
3A2 1,370.59 0.00 2,550,296.07 12,589.84 0.00
4A1 602,589.85 0.00 56,094,550.76 859,511.24 0.00
4A2 25,489.35 0.00 2,372,781.12 36,357.04 0.00
B1 3,813.40 0.00 11,085,427.72 51,789.03 0.00
B2 994.86 0.00 2,892,024.50 13,510.99 0.00
B3 663.12 0.00 1,927,683.23 9,005.77 0.00
B4 331.73 0.00 964,341.27 4,505.22 0.00
B5 331.39 0.00 963,341.96 4,500.55 0.00
B6 331.83 0.00 964,606.43 4,506.46 0.00
Totals 5,629,727.48 0.00 474,026,927.60 7,704,802.42 0.00
<FN>
This report has been compiled from information provided to Wells Fargo Bank, N.A., by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so.Wells Fargo Bank, N.A., expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Class Original Beginning Scheduled UnScheduled Accretion Realized
Face Certificate Principal Principal Loss
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1A1 68,540,000.00 67,098,339.39 22,087.20 1,452,029.50 0.00 0.00
1A2 2,899,000.00 2,838,022.85 934.21 61,415.72 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 115,414,000.00 115,119,451.20 43,691.81 1,422,266.93 0.00 0.00
2A2 10,943,000.00 10,915,072.30 4,142.65 134,852.51 0.00 0.00
2A3 90,850,000.00 90,484,316.34 54,243.58 1,765,750.79 0.00 0.00
2A4 23,306,000.00 23,306,000.00 0.00 0.00 0.00 0.00
2A5 29,131,000.00 29,131,000.00 0.00 0.00 0.00 0.00
3A1 60,345,000.00 60,313,483.83 24,489.24 7,907.21 0.00 0.00
3A2 2,553,000.00 2,551,666.65 1,036.06 334.53 0.00 0.00
4A1 57,069,000.00 56,697,140.61 7,616.63 594,973.22 0.00 0.00
4A2 2,414,000.00 2,398,270.47 322.18 25,167.17 0.00 0.00
B1 11,093,000.00 11,089,241.12 3,813.40 0.00 0.00 0.00
B2 2,894,000.00 2,893,019.36 994.86 0.00 0.00 0.00
B3 1,929,000.00 1,928,346.36 663.12 0.00 0.00 0.00
B4 965,000.00 964,673.01 331.73 0.00 0.00 0.00
B5 964,000.00 963,673.35 331.39 0.00 0.00 0.00
B6 965,265.84 964,938.26 331.83 0.00 0.00 0.00
Totals 482,274,365.84 479,656,655.10 165,029.89 5,464,697.58 0.00 0.00
Principal Distribution Statement (continued)
Class Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 1,474,116.70 65,624,222.69 0.957459 1,474,116.70
1A2 62,349.93 2,775,672.91 0.957459 62,349.93
1AR 0.00 0.00 0.000000 0.00
2A1 1,465,958.75 113,653,492.45 0.984746 1,465,958.75
2A2 138,995.15 10,776,077.15 0.984746 138,995.15
2A3 1,819,994.38 88,664,321.96 0.975942 1,819,994.38
2A4 0.00 23,306,000.00 1.000000 0.00
2A5 0.00 29,131,000.00 1.000000 0.00
3A1 32,396.45 60,281,087.38 0.998941 32,396.45
3A2 1,370.59 2,550,296.07 0.998941 1,370.59
4A1 602,589.85 56,094,550.76 0.982925 602,589.85
4A2 25,489.35 2,372,781.12 0.982925 25,489.35
B1 3,813.40 11,085,427.72 0.999317 3,813.40
B2 994.86 2,892,024.50 0.999317 994.86
B3 663.12 1,927,683.23 0.999317 663.12
B4 331.73 964,341.27 0.999317 331.73
B5 331.39 963,341.96 0.999317 331.39
B6 331.83 964,606.43 0.999317 331.83
Totals 5,629,727.48 474,026,927.60 0.982899 5,629,727.48
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
1A1 68,540,000.00 978.966142 0.322253 21.185140 0.000000
1A2 2,899,000.00 978.966143 0.322253 21.185140 0.000000
1AR 100.00 0.000000 0.000000 0.000000 0.000000
2A1 115,414,000.00 997.447894 0.378566 12.323175 0.000000
2A2 10,943,000.00 997.447894 0.378566 12.323176 0.000000
2A3 90,850,000.00 995.974863 0.597067 19.435892 0.000000
2A4 23,306,000.00 1000.000000 0.000000 0.000000 0.000000
2A5 29,131,000.00 1000.000000 0.000000 0.000000 0.000000
3A1 60,345,000.00 999.477734 0.405821 0.131033 0.000000
3A2 2,553,000.00 999.477732 0.405821 0.131034 0.000000
4A1 57,069,000.00 993.484039 0.133464 10.425506 0.000000
4A2 2,414,000.00 993.484039 0.133463 10.425505 0.000000
B1 11,093,000.00 999.661148 0.343766 0.000000 0.000000
B2 2,894,000.00 999.661147 0.343766 0.000000 0.000000
B3 1,929,000.00 999.661151 0.343764 0.000000 0.000000
B4 965,000.00 999.661150 0.343762 0.000000 0.000000
B5 964,000.00 999.661151 0.343766 0.000000 0.000000
B6 965,265.84 999.660632 0.343771 0.000000 0.000000
Principal Distribution Factors Statement (continued)
Class Realized Total Ending Ending Total
Loss Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.000000 21.507393 957.458749 0.957459 21.507393
1A2 0.000000 21.507392 957.458748 0.957459 21.507392
1AR 0.000000 0.000000 0.000000 0.000000 0.000000
2A1 0.000000 12.701741 984.746153 0.984746 12.701741
2A2 0.000000 12.701741 984.746153 0.984746 12.701741
2A3 0.000000 20.032960 975.941904 0.975942 20.032960
2A4 0.000000 0.000000 1,000.000000 1.000000 0.000000
2A5 0.000000 0.000000 1,000.000000 1.000000 0.000000
3A1 0.000000 0.536854 998.940880 0.998941 0.536854
3A2 0.000000 0.536855 998.940881 0.998941 0.536855
4A1 0.000000 10.558970 982.925069 0.982925 10.558970
4A2 0.000000 10.558969 982.925070 0.982925 10.558969
B1 0.000000 0.343766 999.317382 0.999317 0.343766
B2 0.000000 0.343766 999.317381 0.999317 0.343766
B3 0.000000 0.343764 999.317382 0.999317 0.343764
B4 0.000000 0.343762 999.317378 0.999317 0.343762
B5 0.000000 0.343766 999.317386 0.999317 0.343766
B6 0.000000 0.343771 999.316862 0.999317 0.343771
<FN>
Per $1000 denomination. class B are per $25,000 denomination.
</FN>
Interest Distribution Statement
Class Accrual Accrual Current Beginning Current Payment of
Dates Days Certificate Certificate/ Accrued Unpaid Interest
Rate Notional Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 11/01/05 - 11/30/05 30 5.21582% 67,098,339.39 291,643.77 0.00
1A2 11/01/05 - 11/30/05 30 5.21582% 2,838,022.85 12,335.50 0.00
1AR N/A N/A 5.22120% 0.00 0.00 0.00
2A1 11/01/05 - 11/30/05 30 5.11109% 115,119,451.20 490,321.33 0.00
2A2 11/01/05 - 11/30/05 30 5.11109% 10,915,072.30 46,489.91 0.00
2A3 11/01/05 - 11/30/05 30 5.11109% 90,484,316.34 385,394.39 0.00
2A4 11/01/05 - 11/30/05 30 5.11109% 23,306,000.00 99,265.84 0.00
2A5 11/01/05 - 11/30/05 30 5.11109% 29,131,000.00 124,075.91 0.00
3A1 11/01/05 - 11/30/05 30 5.27620% 60,313,483.83 265,188.27 0.00
3A2 11/01/05 - 11/30/05 30 5.27620% 2,551,666.65 11,219.25 0.00
4A1 11/01/05 - 11/30/05 30 5.43776% 56,697,140.61 256,921.39 0.00
4A2 11/01/05 - 11/30/05 30 5.43776% 2,398,270.47 10,867.69 0.00
B1 11/01/05 - 11/30/05 30 5.19159% 11,089,241.12 47,975.63 0.00
B2 11/01/05 - 11/30/05 30 5.19159% 2,893,019.36 12,516.13 0.00
B3 11/01/05 - 11/30/05 30 5.19159% 1,928,346.36 8,342.65 0.00
B4 11/01/05 - 11/30/05 30 5.19159% 964,673.01 4,173.49 0.00
B5 11/01/05 - 11/30/05 30 5.19159% 963,673.35 4,169.16 0.00
B6 11/01/05 - 11/30/05 30 5.19159% 964,938.26 4,174.63 0.00
Totals 2,075,074.94 0.00
Interest Distribution Statement (continued)
Class Current Non-Supported Total Remaining Ending
Interest Interest Interest Unpaid Interest Certificate/Notional
Shortfall(1) Shortfall Distribution Shortfall(2) Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 291,643.77 0.00 65,624,222.69
1A2 0.00 0.00 12,335.50 0.00 2,775,672.91
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 490,321.33 0.00 113,653,492.45
2A2 0.00 0.00 46,489.91 0.00 10,776,077.15
2A3 0.00 0.00 385,394.39 0.00 88,664,321.96
2A4 0.00 0.00 99,265.84 0.00 23,306,000.00
2A5 0.00 0.00 124,075.91 0.00 29,131,000.00
3A1 0.00 0.00 265,188.27 0.00 60,281,087.38
3A2 0.00 0.00 11,219.25 0.00 2,550,296.07
4A1 0.00 0.00 256,921.39 0.00 56,094,550.76
4A2 0.00 0.00 10,867.69 0.00 2,372,781.12
B1 0.00 0.00 47,975.63 0.00 11,085,427.72
B2 0.00 0.00 12,516.13 0.00 2,892,024.50
B3 0.00 0.00 8,342.65 0.00 1,927,683.23
B4 0.00 0.00 4,173.49 0.00 964,341.27
B5 0.00 0.00 4,169.16 0.00 963,341.96
B6 0.00 0.00 4,174.63 0.00 964,606.43
Totals 0.00 0.00 2,075,074.94 0.00
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable
</FN>
Interest Distribution Factors Statement
Class Accrual Original Current Beginning Current Payment of
Dates Face Certificate Certificate/Notional Accrued Unpaid Interest
Amount Rate Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 11/01/05 - 11/30/05 68,540,000.00 5.21582% 978.966142 4.255089 0.000000
1A2 11/01/05 - 11/30/05 2,899,000.00 5.21582% 978.966143 4.255088 0.000000
1AR N/A 100.00 5.22120% 0.000000 0.000000 0.000000
2A1 11/01/05 - 11/30/05 115,414,000.00 5.11109% 997.447894 4.248370 0.000000
2A2 11/01/05 - 11/30/05 10,943,000.00 5.11109% 997.447894 4.248370 0.000000
2A3 11/01/05 - 11/30/05 90,850,000.00 5.11109% 995.974863 4.242096 0.000000
2A4 11/01/05 - 11/30/05 23,306,000.00 5.11109% 1000.000000 4.259240 0.000000
2A5 11/01/05 - 11/30/05 29,131,000.00 5.11109% 1000.000000 4.259240 0.000000
3A1 11/01/05 - 11/30/05 60,345,000.00 5.27620% 999.477734 4.394536 0.000000
3A2 11/01/05 - 11/30/05 2,553,000.00 5.27620% 999.477732 4.394536 0.000000
4A1 11/01/05 - 11/30/05 57,069,000.00 5.43776% 993.484039 4.501943 0.000000
4A2 11/01/05 - 11/30/05 2,414,000.00 5.43776% 993.484039 4.501943 0.000000
B1 11/01/05 - 11/30/05 11,093,000.00 5.19159% 999.661148 4.324856 0.000000
B2 11/01/05 - 11/30/05 2,894,000.00 5.19159% 999.661147 4.324855 0.000000
B3 11/01/05 - 11/30/05 1,929,000.00 5.19159% 999.661151 4.324857 0.000000
B4 11/01/05 - 11/30/05 965,000.00 5.19159% 999.661150 4.324860 0.000000
B5 11/01/05 - 11/30/05 964,000.00 5.19159% 999.661151 4.324855 0.000000
B6 11/01/05 - 11/30/05 965,265.84 5.19159% 999.660632 4.324850 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
1A1 0.000000 0.000000 4.255089 0.000000 957.458749
1A2 0.000000 0.000000 4.255088 0.000000 957.458748
1AR 0.000000 0.000000 0.000000 0.000000 0.000000
2A1 0.000000 0.000000 4.248370 0.000000 984.746153
2A2 0.000000 0.000000 4.248370 0.000000 984.746153
2A3 0.000000 0.000000 4.242096 0.000000 975.941904
2A4 0.000000 0.000000 4.259240 0.000000 1000.000000
2A5 0.000000 0.000000 4.259240 0.000000 1000.000000
3A1 0.000000 0.000000 4.394536 0.000000 998.940880
3A2 0.000000 0.000000 4.394536 0.000000 998.940881
4A1 0.000000 0.000000 4.501943 0.000000 982.925069
4A2 0.000000 0.000000 4.501943 0.000000 982.925070
B1 0.000000 0.000000 4.324856 0.000000 999.317382
B2 0.000000 0.000000 4.324855 0.000000 999.317381
B3 0.000000 0.000000 4.324857 0.000000 999.317382
B4 0.000000 0.000000 4.324860 0.000000 999.317378
B5 0.000000 0.000000 4.324855 0.000000 999.317386
B6 0.000000 0.000000 4.324850 0.000000 999.316862
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
Per $1 denomination.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,814,116.57
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Swap/Cap Payments 0.00
Total Deposits 7,814,116.57
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 0.00
Total Administration Fees 109,314.15
Payment of Interest and Principal 7,704,802.42
Total Withdrawals (Pool Distribution Amount) 7,814,116.57
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
ADMINISTRATION FEES
<s> <c>
Gross Servicing Fee* 107,515.45
Wells Fargo Bank, N.A. 1,798.70
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 109,314.15
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.464881%
Weighted Average Net Coupon 5.195900%
Weighted Average Pass-Through Rate 5.191400%
Weighted Average Remaining Term 358
Beginning Scheduled Collateral Loan Count 874
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 868
Beginning Scheduled Collateral Balance 479,656,655.09
Ending Scheduled Collateral Balance 474,026,927.61
Ending Actual Collateral Balance at 30-Nov-2005 474,158,951.09
Monthly P&I Constant 2,349,418.65
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 0.00
Prepayment Penalty Paid Count 0
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 165,029.90
Unscheduled Principal 5,464,697.58
Group Level Collateral Statement
<s> <c> <c>
Group 1-Three Year Arm 2-Five Year Arm 3-Seven Year Arm
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.595314 5.365587 5.530697
Weighted Average Net Rate 5.220314 5.115587 5.280697
Weighted Average Remaining Term 358 358 357
Beginning Loan Count 126 518 120
Loans Paid In Full 2 3 0
Ending Loan Count 124 515 120
Beginning Scheduled Balance 72,835,036.78 279,894,620.06 65,417,013.02
Ending Scheduled Balance 71,297,615.97 276,465,520.14 65,382,209.84
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 363,588.02 1,357,728.71 328,062.85
Scheduled Principal 23,975.59 106,229.69 26,561.44
Unscheduled Principal 1,513,445.22 3,322,870.23 8,241.74
Scheduled Interest 339,612.43 1,251,499.02 301,501.41
Servicing Fee 22,760.95 58,311.38 13,628.54
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 273.13 1,049.60 245.31
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 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 316,578.35 1,192,138.04 287,627.56
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 Penalty Waived Amount 0.00 0.00 0.00
Prepayment Penalty Waived Count 0 0 0
Prepayment Penalty Paid Amount 0.00 0.00 0.00
Prepayment Penalty Paid Count 0 0 0
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.215814 5.111087 5.276197
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group 4-Ten Year Arm Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.692264 5.464881
Weighted Average Net Rate 5.442264 5.195900
Weighted Average Remaining Term 359 358
Beginning Loan Count 110 874
Loans Paid In Full 1 6
Ending Loan Count 109 868
Beginning Scheduled Balance 61,509,985.23 479,656,655.09
Ending scheduled Balance 60,881,581.66 474,026,927.61
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 300,039.07 2,349,418.65
Scheduled Principal 8,263.18 165,029.90
Unscheduled Principal 620,140.39 5,464,697.58
Scheduled Interest 291,775.89 2,184,388.75
Servicing Fee 12,814.58 107,515.45
Master Servicing Fee 0.00 0.00
Trustee Fee 230.66 1,798.70
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 278,730.65 2,075,074.60
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalty Waived Amount 0.00 0.00
Prepayment Penalty Waived Count 0 0
Prepayment Penalty Paid Amount 0.00 0.00
Prepayment Penalty Paid Count 0 0
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.437764 5.191400
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Senior Percentage 96.079719%
Subordinate Percentage 3.920281%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1-Three Year Arm
CPR 22.280183%
Subordinate Percentage 3.979780%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.020220%
2-Five Year Arm
CPR 13.356612%
Subordinate Percentage 3.908178%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.091822%
3-Seven Year Arm
CPR 0.151142%
Subordinate Percentage 3.900915%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.099085%
4-Ten Year Arm
CPR 11.450971%
Subordinate Percentage 3.925499%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.074501%
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 4 0 0 0 4
2,231,579.91 0.00 0.00 0.00 2,231,579.91
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 4 0 0 0 4
2,231,579.91 0.00 0.00 0.00 2,231,579.91
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 0.460829% 0.000000% 0.000000% 0.000000% 0.460829%
0.470640% 0.000000% 0.000000% 0.000000% 0.470640%
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 0.460829% 0.000000% 0.000000% 0.000000% 0.460829%
0.470640% 0.000000% 0.000000% 0.000000% 0.470640%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 10,301.48
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
1-Three Year Arm
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 1 0 0 0 1
460,000.00 0.00 0.00 0.00 460,000.00
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 1 0 0 0 1
460,000.00 0.00 0.00 0.00 460,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.806452% 0.000000% 0.000000% 0.000000% 0.806452%
0.645032% 0.000000% 0.000000% 0.000000% 0.645032%
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 0.806452% 0.000000% 0.000000% 0.000000% 0.806452%
0.645032% 0.000000% 0.000000% 0.000000% 0.645032%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
2-Five Year Arm
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 1 0 0 0 1
960,000.00 0.00 0.00 0.00 960,000.00
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 1 0 0 0 1
960,000.00 0.00 0.00 0.00 960,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.194175% 0.000000% 0.000000% 0.000000% 0.194175%
0.347131% 0.000000% 0.000000% 0.000000% 0.347131%
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 0.194175% 0.000000% 0.000000% 0.000000% 0.194175%
0.347131% 0.000000% 0.000000% 0.000000% 0.347131%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
3-Seven Year Arm
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 1 0 0 0 1
411,579.91 0.00 0.00 0.00 411,579.91
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 1 0 0 0 1
411,579.91 0.00 0.00 0.00 411,579.91
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.833333% 0.000000% 0.000000% 0.000000% 0.833333%
0.629294% 0.000000% 0.000000% 0.000000% 0.629294%
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 0.833333% 0.000000% 0.000000% 0.000000% 0.833333%
0.629294% 0.000000% 0.000000% 0.000000% 0.629294%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
4-Ten Year Arm
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 1 0 0 0 1
400,000.00 0.00 0.00 0.00 400,000.00
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 1 0 0 0 1
400,000.00 0.00 0.00 0.00 400,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.917431% 0.000000% 0.000000% 0.000000% 0.917431%
0.656935% 0.000000% 0.000000% 0.000000% 0.656935%
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 0.917431% 0.000000% 0.000000% 0.000000% 0.917431%
0.656935% 0.000000% 0.000000% 0.000000% 0.656935%
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 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
1-Three Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
2-Five Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
3-Seven Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
4-Ten Year Arm 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
1-Three Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
2-Five Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
3-Seven Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
4-Ten Year Arm 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Summary 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
1-Three Year Arm 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
2-Five Year Arm 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
3-Seven Year Arm 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
4-Ten Year Arm 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-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.
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Group Loan Month Loan First State LTV at Original
Number Entered Payment Origination Principal
Bankruptcy Date Balance
<s> <c> <c> <c> <c> <c> <c>
No Bankruptcy Loans this Period
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)
Group Loan Current Paid To Months Current Approximate
Number Principal Date Delinquent Loan Rate Delinquent
Balance Interest
<s> <c> <c> <c> <c> <c> <c>
No Bankruptcy Loans this Period
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>
1-Three Year Arm 0 0.00 0.00 0.000%
2-Five Year Arm 0 0.00 0.00 0.000%
3-Seven Year Arm 0 0.00 0.00 0.000%
4-Ten Year Arm 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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
1-Three Year Arm
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
2-Five Year Arm
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
3-Seven Year Arm
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
4-Ten Year Arm
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-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 www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
<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>
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>
1-Three Year Arm 2 1,167,200.00 1,161,499.50 0 0.00 0.00
2-Five Year Arm 3 1,642,380.00 1,620,224.29 0 0.00 0.00
3-Seven Year Arm 0 0.00 0.00 0 0.00 0.00
4-Ten Year Arm 1 460,800.00 460,800.00 0 0.00 0.00
Total 6 3,270,380.00 3,242,523.79 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>
1-Three Year Arm 0 0.00 0.00 0 0.00 0.00 352,745.78
2-Five Year Arm 0 0.00 0.00 0 0.00 0.00 2,206,121.75
3-Seven Year Arm 0 0.00 0.00 0 0.00 0.00 8,241.74
4-Ten Year Arm 0 0.00 0.00 0 0.00 0.00 159,340.39
Total 0 0.00 0.00 0 0.00 0.00 2,726,449.66
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>
1-Three Year Arm 6198880608 CA 79.81 01-Oct-2005 691,200.00 684,699.44
1-Three Year Arm 6497460201 NC 80.00 01-Oct-2005 476,000.00 476,000.00
2-Five Year Arm 3302705185 CA 59.28 01-Oct-2005 397,180.00 395,775.09
2-Five Year Arm 3302979723 VA 56.19 01-Oct-2005 526,000.00 1,773.39
2-Five Year Arm 6791208314 CA 80.00 01-Nov-2005 719,200.00 719,200.00
4-Ten Year Arm 6660048114 FL 80.00 01-Nov-2005 460,800.00 460,800.00
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
1-Three Year Arm 6198880608 Loan Paid in Full 0 5.370% 360 2
1-Three Year Arm 6497460201 Loan Paid in Full 0 5.250% 360 2
2-Five Year Arm 3302705185 Loan Paid in Full 0 5.120% 360 2
2-Five Year Arm 3302979723 Loan Paid in Full 0 5.620% 360 2
2-Five Year Arm 6791208314 Loan Paid in Full 0 5.000% 360 1
4-Ten Year Arm 6660048114 Loan Paid in Full 0 6.500% 360 1
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.140% Current Month 12.851% Current Month 3,954.514%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 5.941% N/A Nov-2005 4,748.649% N/A
Dec-2005 12.851% N/A Dec-2005 3,954.514% 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.
1-Three Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.079% Current Month 22.280% Current Month 6,780.926%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 21.458% N/A Nov-2005 16,499.032% N/A
Dec-2005 22.280% N/A Dec-2005 6,780.926% 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.
2-Five Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.188% Current Month 13.357% Current Month 3,970.995%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 2.481% N/A Nov-2005 1,821.569% N/A
Dec-2005 13.357% N/A Dec-2005 3,970.995% 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.
3-Seven Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.013% Current Month 0.151% Current Month 47.418%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 0.136% N/A Nov-2005 114.896% N/A
Dec-2005 0.151% N/A Dec-2005 47.418% 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.
4-Ten Year Arm
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.008% Current Month 11.451% Current Month 4,153.596%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
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>
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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 7.112% N/A Nov-2005 9,426.023% N/A
Dec-2005 11.451% N/A Dec-2005 4,153.596% 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>
Modifications
Loan Beginning Current Prior Modified Prior Modified
Number Balance Balance Rate Rate Payment Payment
<s> <c> <c> <c> <c> <c> <c>
No Modifications this Period
Substitutions
Loans Repurchased Loans Substituted
Loan Current Current Current Loan Current Current Current
Number Balance Rate Payment Number Balance Rate Payment
<s> <c> <c> <c> <c> <c> <c> <c>
No Substitutions this Period
Repurchases
Loan Current Current Current
Number Balance Rate Payment
<s> <c> <c> <c>
No Repurchases this Period