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-E
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-22
Pooling and Servicing Agreement) (Commission 54-2173207
(State or other File Number) 54-2173208
jurisdiction 54-2173209
of Incorporation) IRS EIN
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-E
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-E 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-E 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-E 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 BOAMS2005-E
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 05949A5Z9 4.34563% 26,026,964.11 94,253.04
1A2 05949A6A3 4.34563% 1,024,677.68 3,710.73
1AR 05949A6B1 4.34228% 0.00 0.00
2A1 05949A6C9 4.98313% 63,980,539.30 265,685.96
2A2 05949A6D7 4.98313% 64,174,270.02 266,490.45
2A3 05949A6E5 4.65313% 40,700,000.00 157,818.56
2A4 05949A6F2 4.68813% 67,109,000.00 262,179.60
2A5 05949A6G0 4.76313% 43,690,000.00 173,417.52
2A6 05949A6H8 4.71813% 43,891,000.00 172,569.43
2A7 05949A6J4 4.61813% 88,042,000.00 338,824.29
2IO 05949A6K1 0.30556% 0.00 72,172.00
3A1 05949A6L9 5.23487% 24,248,068.08 105,779.49
4A1 05949A6M7 5.36184% 36,907,232.54 164,908.86
1IO 05949A6U9 0.54000% 0.00 12,781.80
B1 05949A6N5 4.98148% 12,035,251.09 49,961.11
B2 05949A6P0 4.98148% 3,438,358.09 14,273.42
B3 05949A6Q8 4.98148% 2,291,906.13 9,514.23
B4 05949A6R6 4.98148% 1,146,451.96 4,759.19
B5 05949A6S4 4.98148% 859,090.63 3,566.28
B6 05949A6T2 4.98148% 1,147,037.65 4,761.62
Totals 520,711,847.28 2,177,427.58
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 985,166.81 0.00 25,041,797.29 1,079,419.85 0.00
1A2 38,785.87 0.00 985,891.81 42,496.60 0.00
1AR 0.00 0.00 0.00 0.00 0.00
2A1 765,385.61 0.00 63,215,153.69 1,031,071.57 0.00
2A2 4,158,340.04 0.00 60,015,929.98 4,424,830.49 0.00
2A3 0.00 0.00 40,700,000.00 157,818.56 0.00
2A4 0.00 0.00 67,109,000.00 262,179.60 0.00
2A5 0.00 0.00 43,690,000.00 173,417.52 0.00
2A6 0.00 0.00 43,891,000.00 172,569.43 0.00
2A7 0.00 0.00 88,042,000.00 338,824.29 0.00
2IO 0.00 0.00 0.00 72,172.00 0.00
3A1 18,848.15 0.00 24,229,219.94 124,627.64 0.00
4A1 24,192.80 0.00 36,883,039.74 189,101.66 0.00
1IO 0.00 0.00 0.00 12,781.80 0.00
B1 4,750.63 0.00 12,030,500.45 54,711.74 0.00
B2 1,357.21 0.00 3,437,000.88 15,630.63 0.00
B3 904.68 0.00 2,291,001.45 10,418.91 0.00
B4 452.53 0.00 1,145,999.42 5,211.72 0.00
B5 339.11 0.00 858,751.52 3,905.39 0.00
B6 452.77 0.00 1,146,584.89 5,214.39 0.00
Totals 5,998,976.21 0.00 514,712,871.06 8,176,403.79 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 34,468,000.00 26,026,964.11 14,670.17 970,496.64 0.00 0.00
1A2 1,357,000.00 1,024,677.68 577.56 38,208.31 0.00 0.00
1AR 100.00 0.00 0.00 0.00 0.00 0.00
2A1 70,000,000.00 63,980,539.30 23,796.84 741,588.77 0.00 0.00
2A2 96,878,000.00 64,174,270.02 129,288.25 4,029,051.79 0.00 0.00
2A3 40,700,000.00 40,700,000.00 0.00 0.00 0.00 0.00
2A4 67,109,000.00 67,109,000.00 0.00 0.00 0.00 0.00
2A5 43,690,000.00 43,690,000.00 0.00 0.00 0.00 0.00
2A6 43,891,000.00 43,891,000.00 0.00 0.00 0.00 0.00
2A7 88,042,000.00 88,042,000.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 28,190,000.00 24,248,068.08 16,712.09 2,136.06 0.00 0.00
4A1 39,070,000.00 36,907,232.54 10,730.07 13,462.73 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 12,062,000.00 12,035,251.09 4,750.63 0.00 0.00 0.00
B2 3,446,000.00 3,438,358.09 1,357.21 0.00 0.00 0.00
B3 2,297,000.00 2,291,906.13 904.68 0.00 0.00 0.00
B4 1,149,000.00 1,146,451.96 452.53 0.00 0.00 0.00
B5 861,000.00 859,090.63 339.11 0.00 0.00 0.00
B6 1,149,587.00 1,147,037.65 452.77 0.00 0.00 0.00
Totals 574,359,687.00 520,711,847.28 204,031.91 5,794,944.30 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 985,166.81 25,041,797.29 0.726523 985,166.81
1A2 38,785.87 985,891.81 0.726523 38,785.87
1AR 0.00 0.00 0.000000 0.00
2A1 765,385.61 63,215,153.69 0.903074 765,385.61
2A2 4,158,340.04 60,015,929.98 0.619500 4,158,340.04
2A3 0.00 40,700,000.00 1.000000 0.00
2A4 0.00 67,109,000.00 1.000000 0.00
2A5 0.00 43,690,000.00 1.000000 0.00
2A6 0.00 43,891,000.00 1.000000 0.00
2A7 0.00 88,042,000.00 1.000000 0.00
2IO 0.00 0.00 0.000000 0.00
3A1 18,848.15 24,229,219.94 0.859497 18,848.15
4A1 24,192.80 36,883,039.74 0.944025 24,192.80
1IO 0.00 0.00 0.000000 0.00
B1 4,750.63 12,030,500.45 0.997389 4,750.63
B2 1,357.21 3,437,000.88 0.997389 1,357.21
B3 904.68 2,291,001.45 0.997389 904.68
B4 452.53 1,145,999.42 0.997389 452.53
B5 339.11 858,751.52 0.997389 339.11
B6 452.77 1,146,584.89 0.997389 452.77
Totals 5,998,976.21 514,712,871.06 0.896151 5,998,976.21
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 34,468,000.00 755.105144 0.425617 28.156454 0.000000
1A2 1,357,000.00 755.105144 0.425615 28.156455 0.000000
1AR 100.00 0.000000 0.000000 0.000000 0.000000
2A1 70,000,000.00 914.007704 0.339955 10.594125 0.000000
2A2 96,878,000.00 662.423564 1.334547 41.588924 0.000000
2A3 40,700,000.00 1000.000000 0.000000 0.000000 0.000000
2A4 67,109,000.00 1000.000000 0.000000 0.000000 0.000000
2A5 43,690,000.00 1000.000000 0.000000 0.000000 0.000000
2A6 43,891,000.00 1000.000000 0.000000 0.000000 0.000000
2A7 88,042,000.00 1000.000000 0.000000 0.000000 0.000000
2IO 0.00 0.000000 0.000000 0.000000 0.000000
3A1 28,190,000.00 860.165593 0.592838 0.075774 0.000000
4A1 39,070,000.00 944.643781 0.274637 0.344580 0.000000
1IO 0.00 0.000000 0.000000 0.000000 0.000000
B1 12,062,000.00 997.782382 0.393851 0.000000 0.000000
B2 3,446,000.00 997.782382 0.393851 0.000000 0.000000
B3 2,297,000.00 997.782381 0.393853 0.000000 0.000000
B4 1,149,000.00 997.782385 0.393847 0.000000 0.000000
B5 861,000.00 997.782381 0.393856 0.000000 0.000000
B6 1,149,587.00 997.782377 0.393854 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 28.582071 726.523073 0.726523 28.582071
1A2 0.000000 28.582071 726.523073 0.726523 28.582071
1AR 0.000000 0.000000 0.000000 0.000000 0.000000
2A1 0.000000 10.934080 903.073624 0.903074 10.934080
2A2 0.000000 42.923471 619.500093 0.619500 42.923471
2A3 0.000000 0.000000 1,000.000000 1.000000 0.000000
2A4 0.000000 0.000000 1,000.000000 1.000000 0.000000
2A5 0.000000 0.000000 1,000.000000 1.000000 0.000000
2A6 0.000000 0.000000 1,000.000000 1.000000 0.000000
2A7 0.000000 0.000000 1,000.000000 1.000000 0.000000
2IO 0.000000 0.000000 0.000000 0.000000 0.000000
3A1 0.000000 0.668611 859.496983 0.859497 0.668611
4A1 0.000000 0.619217 944.024565 0.944025 0.619217
1IO 0.000000 0.000000 0.000000 0.000000 0.000000
B1 0.000000 0.393851 997.388530 0.997389 0.393851
B2 0.000000 0.393851 997.388532 0.997389 0.393851
B3 0.000000 0.393853 997.388529 0.997389 0.393853
B4 0.000000 0.393847 997.388529 0.997389 0.393847
B5 0.000000 0.393856 997.388525 0.997389 0.393856
B6 0.000000 0.393854 997.388532 0.997389 0.393854
<FN>
All Classes are per $1,000 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 4.34563% 26,026,964.11 94,253.04 0.00
1A2 11/01/05 - 11/30/05 30 4.34563% 1,024,677.68 3,710.73 0.00
1AR N/A N/A 4.34228% 0.00 0.00 0.00
2A1 11/01/05 - 11/30/05 30 4.98313% 63,980,539.30 265,685.96 0.00
2A2 11/25/05 - 12/24/05 30 4.98313% 64,174,270.02 266,490.45 0.00
2A3 11/25/05 - 12/24/05 30 4.65313% 40,700,000.00 157,818.56 0.00
2A4 11/01/05 - 11/30/05 30 4.68813% 67,109,000.00 262,179.60 0.00
2A5 11/01/05 - 11/30/05 30 4.76313% 43,690,000.00 173,417.52 0.00
2A6 11/01/05 - 11/30/05 30 4.71813% 43,891,000.00 172,569.43 0.00
2A7 11/01/05 - 11/30/05 30 4.61813% 88,042,000.00 338,824.29 0.00
2IO 11/01/05 - 11/30/05 30 0.30556% 283,432,000.00 72,172.00 0.00
3A1 11/01/05 - 11/30/05 30 5.23487% 24,248,068.08 105,779.49 0.00
4A1 11/01/05 - 11/30/05 30 5.36184% 36,907,232.54 164,908.86 0.00
1IO 11/01/05 - 11/30/05 30 0.54000% 28,404,011.00 12,781.80 0.00
B1 11/01/05 - 11/30/05 30 4.98148% 12,035,251.09 49,961.11 0.00
B2 11/01/05 - 11/30/05 30 4.98148% 3,438,358.09 14,273.42 0.00
B3 11/01/05 - 11/30/05 30 4.98148% 2,291,906.13 9,514.23 0.00
B4 11/01/05 - 11/30/05 30 4.98148% 1,146,451.96 4,759.19 0.00
B5 11/01/05 - 11/30/05 30 4.98148% 859,090.63 3,566.28 0.00
B6 11/01/05 - 11/30/05 30 4.98148% 1,147,037.65 4,761.62 0.00
Totals 2,177,427.58 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 94,253.04 0.00 25,041,797.29
1A2 0.00 0.00 3,710.73 0.00 985,891.81
1AR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 265,685.96 0.00 63,215,153.69
2A2 0.00 0.00 266,490.45 0.00 60,015,929.98
2A3 0.00 0.00 157,818.56 0.00 40,700,000.00
2A4 0.00 0.00 262,179.60 0.00 67,109,000.00
2A5 0.00 0.00 173,417.52 0.00 43,690,000.00
2A6 0.00 0.00 172,569.43 0.00 43,891,000.00
2A7 0.00 0.00 338,824.29 0.00 88,042,000.00
2IO 0.00 0.00 72,172.00 0.00 283,432,000.00
3A1 0.00 0.00 105,779.49 0.00 24,229,219.94
4A1 0.00 0.00 164,908.86 0.00 36,883,039.74
1IO 0.00 0.00 12,781.80 0.00 27,379,296.05
B1 0.00 0.00 49,961.11 0.00 12,030,500.45
B2 0.00 0.00 14,273.42 0.00 3,437,000.88
B3 0.00 0.00 9,514.23 0.00 2,291,001.45
B4 0.00 0.00 4,759.19 0.00 1,145,999.42
B5 0.00 0.00 3,566.28 0.00 858,751.52
B6 0.00 0.00 4,761.62 0.00 1,146,584.89
Totals 0.00 0.00 2,177,427.58 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 34,468,000.00 4.34563% 755.105144 2.734509 0.000000
1A2 11/01/05 - 11/30/05 1,357,000.00 4.34563% 755.105144 2.734510 0.000000
1AR N/A 100.00 4.34228% 0.000000 0.000000 0.000000
2A1 11/01/05 - 11/30/05 70,000,000.00 4.98313% 914.007704 3.795514 0.000000
2A2 11/25/05 - 12/24/05 96,878,000.00 4.98313% 662.423564 2.750784 0.000000
2A3 11/25/05 - 12/24/05 40,700,000.00 4.65313% 1000.000000 3.877606 0.000000
2A4 11/01/05 - 11/30/05 67,109,000.00 4.68813% 1000.000000 3.906773 0.000000
2A5 11/01/05 - 11/30/05 43,690,000.00 4.76313% 1000.000000 3.969273 0.000000
2A6 11/01/05 - 11/30/05 43,891,000.00 4.71813% 1000.000000 3.931773 0.000000
2A7 11/01/05 - 11/30/05 88,042,000.00 4.61813% 1000.000000 3.848439 0.000000
2IO 11/01/05 - 11/30/05 0.00 0.30556% 1000.000000 0.254636 0.000000
3A1 11/01/05 - 11/30/05 28,190,000.00 5.23487% 860.165593 3.752376 0.000000
4A1 11/01/05 - 11/30/05 39,070,000.00 5.36184% 944.643781 4.220856 0.000000
1IO 11/01/05 - 11/30/05 0.00 0.54000% 763.919472 0.343764 0.000000
B1 11/01/05 - 11/30/05 12,062,000.00 4.98148% 997.782382 4.142025 0.000000
B2 11/01/05 - 11/30/05 3,446,000.00 4.98148% 997.782382 4.142026 0.000000
B3 11/01/05 - 11/30/05 2,297,000.00 4.98148% 997.782381 4.142024 0.000000
B4 11/01/05 - 11/30/05 1,149,000.00 4.98148% 997.782385 4.142028 0.000000
B5 11/01/05 - 11/30/05 861,000.00 4.98148% 997.782381 4.142021 0.000000
B6 11/01/05 - 11/30/05 1,149,587.00 4.98148% 997.782377 4.142027 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 2.734509 0.000000 726.523073
1A2 0.000000 0.000000 2.734510 0.000000 726.523073
1AR 0.000000 0.000000 0.000000 0.000000 0.000000
2A1 0.000000 0.000000 3.795514 0.000000 903.073624
2A2 0.000000 0.000000 2.750784 0.000000 619.500093
2A3 0.000000 0.000000 3.877606 0.000000 1000.000000
2A4 0.000000 0.000000 3.906773 0.000000 1000.000000
2A5 0.000000 0.000000 3.969273 0.000000 1000.000000
2A6 0.000000 0.000000 3.931773 0.000000 1000.000000
2A7 0.000000 0.000000 3.848439 0.000000 1000.000000
2IO 0.000000 0.000000 0.254636 0.000000 1000.000000
3A1 0.000000 0.000000 3.752376 0.000000 859.496983
4A1 0.000000 0.000000 4.220856 0.000000 944.024565
1IO 0.000000 0.000000 0.343764 0.000000 736.359995
B1 0.000000 0.000000 4.142025 0.000000 997.388530
B2 0.000000 0.000000 4.142026 0.000000 997.388532
B3 0.000000 0.000000 4.142024 0.000000 997.388529
B4 0.000000 0.000000 4.142028 0.000000 997.388529
B5 0.000000 0.000000 4.142021 0.000000 997.388525
B6 0.000000 0.000000 4.142027 0.000000 997.388532
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All Classes are per $1,000 denomination.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 8,289,362.92
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 8,289,362.92
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Total Administration Fees 112,959.13
Payment of Interest and Principal 8,176,403.79
Total Withdrawals (Pool Distribution Amount) 8,289,362.92
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
ADMINISTRATION FEES
<s> <c>
Gross Servicing Fee* 111,440.38
Trustee Fee - Wells Fargo Bank, N.A. 1,518.75
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 112,959.13
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.278282%
Weighted Average Net Coupon 5.021463%
Weighted Average Pass-Through Rate 5.017963%
Weighted Average Remaining Term 353
Beginning Scheduled Collateral Loan Count 1,003
Number Of Loans Paid In Full 12
Ending Scheduled Collateral Loan Count 991
Beginning Scheduled Collateral Balance 520,711,848.20
Ending Scheduled Collateral Balance 514,712,871.98
Ending Actual Collateral Balance at 30-Nov-2005 514,879,874.71
Monthly P&I Constant 2,494,418.44
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 204,031.92
Unscheduled Principal 5,794,944.30
Group Level Collateral Statement
<s> <c> <c>
Group 1-Three Year ARM 2- Five Year ARM 3- Seven Year ARM
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 5.264134 5.236627 5.488366
Weighted Average Net Rate 4.889134 4.986627 5.238366
Weighted Average Remaining Term 353 353 354
Beginning Loan Count 58 826 51
Loans Paid In Full 2 10 0
Ending Loan Count 56 816 51
Beginning Scheduled Balance 28,404,011.00 428,610,588.20 25,311,688.76
Ending Scheduled Balance 27,379,296.05 423,680,530.74 25,292,107.55
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 140,612.10 2,029,811.55 133,211.66
Scheduled Principal 16,010.00 159,416.90 17,445.15
Unscheduled Principal 1,008,704.95 4,770,640.56 2,136.06
Scheduled Interest 124,602.10 1,870,394.65 115,766.51
Servicing Fee 8,876.25 89,293.87 5,273.27
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 82.85 1,250.11 73.83
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 115,643.00 1,779,850.67 110,419.41
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 4.885634 4.983127 5.234866
<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 5.615338 5.278282
Weighted Average Net Rate 5.365338 5.021463
Weighted Average Remaining Term 353 353
Beginning Loan Count 68 1,003
Loans Paid In Full 0 12
Ending Loan Count 68 991
Beginning Scheduled Balance 38,385,560.24 520,711,848.20
Ending scheduled Balance 38,360,937.64 514,712,871.98
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 190,783.13 2,494,418.44
Scheduled Principal 11,159.87 204,031.92
Unscheduled Principal 13,462.73 5,794,944.30
Scheduled Interest 179,623.26 2,290,386.52
Servicing Fee 7,996.99 111,440.38
Master Servicing Fee 0.00 0.00
Trustee Fee 111.96 1,518.75
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 171,514.31 2,177,427.39
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 5.361838 5.017963
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Total Senior Percentage 95.982789%
Aggregate Senior Percentage 4.017211%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1-Three Year ARM
CPR 35.218710%
Subordinate Percentage 4.761190%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.238810%
2- Five Year ARM
CPR 12.572899%
Subordinate Percentage 3.971852%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.028148%
3- Seven Year ARM
CPR 0.101291%
Subordinate Percentage 4.202092%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.797908%
4- Ten Year ARM
CPR 0.420180%
Subordinate Percentage 3.851259%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.148741%
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
2,132,757.68 0.00 0.00 0.00 2,132,757.68
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
393,304.00 0.00 0.00 0.00 393,304.00
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 5 0 0 0 5
2,526,061.68 0.00 0.00 0.00 2,526,061.68
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 0.403633% 0.000000% 0.000000% 0.000000% 0.403633%
0.414224% 0.000000% 0.000000% 0.000000% 0.414224%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.100908% 0.000000% 0.000000% 0.000000% 0.100908%
0.076388% 0.000000% 0.000000% 0.000000% 0.076388%
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 0.504541% 0.000000% 0.000000% 0.000000% 0.504541%
0.490612% 0.000000% 0.000000% 0.000000% 0.490612%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 11,830.09
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
443,989.82 0.00 0.00 0.00 443,989.82
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
443,989.82 0.00 0.00 0.00 443,989.82
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.785714% 0.000000% 0.000000% 0.000000% 1.785714%
1.620873% 0.000000% 0.000000% 0.000000% 1.620873%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.785714% 0.000000% 0.000000% 0.000000% 1.785714%
1.620873% 0.000000% 0.000000% 0.000000% 1.620873%
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 3 0 0 0 3
1,688,767.86 0.00 0.00 0.00 1,688,767.86
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
393,304.00 0.00 0.00 0.00 393,304.00
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
2,082,071.86 0.00 0.00 0.00 2,082,071.86
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.367647% 0.000000% 0.000000% 0.000000% 0.367647%
0.398469% 0.000000% 0.000000% 0.000000% 0.398469%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.122549% 0.000000% 0.000000% 0.000000% 0.122549%
0.092801% 0.000000% 0.000000% 0.000000% 0.092801%
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 0.490196% 0.000000% 0.000000% 0.000000% 0.490196%
0.491270% 0.000000% 0.000000% 0.000000% 0.491270%
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.078%
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 0.095%
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 1,008,000.00 1,005,265.91 0 0.00 0.00
2- Five Year ARM 10 4,485,500.00 4,468,245.88 0 0.00 0.00
3- Seven Year ARM 0 0.00 0.00 0 0.00 0.00
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00
Total 12 5,493,500.00 5,473,511.79 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 3,901.56
2- Five Year ARM 0 0.00 0.00 0 0.00 0.00 304,997.54
3- Seven Year ARM 0 0.00 0.00 0 0.00 0.00 2,136.06
4- Ten Year ARM 0 0.00 0.00 0 0.00 0.00 13,462.73
Total 0 0.00 0.00 0 0.00 0.00 324,497.89
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 6416911987 AZ 80.00 01-Jun-2005 384,000.00 380,803.39
1-Three Year ARM 6676901256 IL 80.00 01-Jun-2005 624,000.00 624,000.00
2- Five Year ARM 3301585166 CA 68.02 01-May-2005 500,000.00 495,123.11
2- Five Year ARM 3301758508 VA 54.13 01-May-2005 452,000.00 447,788.17
2- Five Year ARM 6228696156 NV 69.09 01-May-2005 380,000.00 380,000.00
2- Five Year ARM 6323182805 CA 70.00 01-May-2005 374,500.00 374,096.82
2- Five Year ARM 6399635736 IN 80.00 01-Jun-2005 396,000.00 392,923.81
2- Five Year ARM 6500789588 AZ 80.00 01-May-2005 360,000.00 357,082.21
2- Five Year ARM 6540260285 DE 80.00 01-Jun-2005 636,000.00 636,000.00
2- Five Year ARM 6928476818 FL 79.70 01-May-2005 400,000.00 400,000.00
2- Five Year ARM 6955870461 CA 74.51 01-Jun-2005 462,000.00 462,000.00
2- Five Year ARM 6995319313 CA 53.84 01-Jun-2005 525,000.00 520,628.90
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 6416911987 Loan Paid in Full 0 5.125% 360 6
1-Three Year ARM 6676901256 Loan Paid in Full (1) 5.500% 360 6
2- Five Year ARM 3301585166 Loan Paid in Full 0 5.000% 360 7
2- Five Year ARM 3301758508 Loan Paid in Full 0 5.250% 360 7
2- Five Year ARM 6228696156 Loan Paid in Full 0 5.625% 360 7
2- Five Year ARM 6323182805 Loan Paid in Full 0 5.750% 360 7
2- Five Year ARM 6399635736 Loan Paid in Full 0 5.500% 360 6
2- Five Year ARM 6500789588 Loan Paid in Full 0 6.000% 360 7
2- Five Year ARM 6540260285 Loan Paid in Full 0 5.500% 360 6
2- Five Year ARM 6928476818 Loan Paid in Full (1) 5.500% 360 7
2- Five Year ARM 6955870461 Loan Paid in Full 0 5.250% 360 6
2- Five Year ARM 6995319313 Loan Paid in Full 0 5.125% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.113% Current Month 12.571% Current Month 967.762%
3 Month Average 1.399% 3 Month Average 15.528% 3 Month Average 1,460.352%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 11.071% N/A Jun-2005 11,372.012% N/A
Jul-2005 15.206% N/A Jul-2005 5,100.639% N/A
Aug-2005 28.309% N/A Aug-2005 5,692.199% N/A
Sep-2005 14.953% N/A Sep-2005 2,143.418% N/A
Oct-2005 15.654% N/A Oct-2005 1,742.770% N/A
Nov-2005 18.358% N/A Nov-2005 1,670.524% N/A
Dec-2005 12.571% N/A Dec-2005 967.762% 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 3.553% Current Month 35.219% Current Month 2,752.007%
3 Month Average 5.015% 3 Month Average 45.314% 3 Month Average 4,349.851%
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 23.152% N/A Jun-2005 33,142.402% N/A
Jul-2005 42.554% N/A Jul-2005 15,580.148% N/A
Aug-2005 54.202% N/A Aug-2005 11,469.370% N/A
Sep-2005 15.760% N/A Sep-2005 2,349.611% N/A
Oct-2005 43.207% N/A Oct-2005 4,956.913% N/A
Nov-2005 57.515% N/A Nov-2005 5,340.632% N/A
Dec-2005 35.219% N/A Dec-2005 2,752.007% 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 1.113% Current Month 12.573% Current Month 975.000%
3 Month Average 1.260% 3 Month Average 14.104% 3 Month Average 1,328.634%
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 11.317% N/A Jun-2005 12,777.112% N/A
Jul-2005 13.805% N/A Jul-2005 4,777.186% N/A
Aug-2005 24.795% N/A Aug-2005 5,075.299% N/A
Sep-2005 12.872% N/A Sep-2005 1,868.496% N/A
Oct-2005 13.648% N/A Oct-2005 1,534.491% N/A
Nov-2005 16.090% N/A Nov-2005 1,476.410% N/A
Dec-2005 12.573% N/A Dec-2005 975.000% 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.
3- Seven Year ARM
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.008% Current Month 0.101% Current Month 7.804%
3 Month Average 1.519% 3 Month Average 16.034% 3 Month Average 1,651.542%
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 4.834% N/A Jun-2005 4,739.365% N/A
Jul-2005 1.097% N/A Jul-2005 363.288% N/A
Aug-2005 32.176% N/A Aug-2005 6,449.777% N/A
Sep-2005 50.146% N/A Sep-2005 7,159.978% N/A
Oct-2005 28.645% N/A Oct-2005 3,183.828% N/A
Nov-2005 19.356% N/A Nov-2005 1,762.992% N/A
Dec-2005 0.101% N/A Dec-2005 7.804% 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 0.035% Current Month 0.420% Current Month 29.624%
3 Month Average 0.024% 3 Month Average 0.290% 3 Month Average 23.513%
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 0.193% N/A Jun-2005 88.305% N/A
Jul-2005 11.302% N/A Jul-2005 2,684.427% N/A
Aug-2005 36.796% N/A Aug-2005 5,950.192% N/A
Sep-2005 5.188% N/A Sep-2005 633.829% N/A
Oct-2005 0.248% N/A Oct-2005 24.363% N/A
Nov-2005 0.202% N/A Nov-2005 16.553% N/A
Dec-2005 0.420% N/A Dec-2005 29.624% 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