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-B
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-14
Pooling and Servicing Agreement) (Commission 54-2168069
(State or other File Number) 54-2168070
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-B
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-B 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-B 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-B 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 2005-B
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 05949AW63 4.05095% 39,125,078.15 132,078.14
1AR 05949AW71 4.04854% 0.00 0.00
1ALR 05949AW89 4.04854% 0.00 0.09
2A1 05949AW97 4.39895% 200,677,715.53 735,642.24
2A2 05949AX21 4.74495% 22,489,232.16 88,925.18
1IO 05949AX62 0.61100% 0.00 20,826.64
2IO 05949AX70 0.31113% 0.00 60,150.76
B1 05949AX39 4.36962% 5,072,015.84 18,468.98
B2 05949AX47 4.36962% 2,152,246.96 7,837.08
B3 05949AX54 4.36962% 1,382,734.05 5,035.02
B4 05949AX88 4.36962% 615,212.13 2,240.20
B5 05949AX96 4.36962% 460,911.35 1,678.34
B6 05949AY20 4.36962% 922,724.62 3,359.96
Totals 272,897,870.79 1,076,242.63
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 868,389.96 0.00 38,256,688.19 1,000,468.10 0.00
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.09 0.00
2A1 2,404,196.27 0.00 198,273,519.25 3,139,838.51 0.00
2A2 269,429.66 0.00 22,219,802.50 358,354.84 0.00
1IO 0.00 0.00 0.00 20,826.64 0.00
2IO 0.00 0.00 0.00 60,150.76 0.00
B1 2,668.23 0.00 5,069,347.61 21,137.21 0.00
B2 1,132.23 0.00 2,151,114.73 8,969.31 0.00
B3 727.41 0.00 1,382,006.64 5,762.43 0.00
B4 323.64 0.00 614,888.48 2,563.84 0.00
B5 242.47 0.00 460,668.88 1,920.81 0.00
B6 485.42 0.00 922,239.20 3,845.38 0.00
Totals 3,547,595.29 0.00 269,350,275.48 4,623,837.92 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 50,048,000.00 39,125,078.15 27,201.49 841,188.47 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1ALR 50.00 0.00 0.00 0.00 0.00 0.00
2A1 223,082,000.00 200,677,715.53 98,731.19 2,305,465.08 0.00 0.00
2A2 25,000,000.00 22,489,232.16 11,064.45 258,365.21 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 5,095,000.00 5,072,015.84 2,668.23 0.00 0.00 0.00
B2 2,162,000.00 2,152,246.96 1,132.23 0.00 0.00 0.00
B3 1,389,000.00 1,382,734.05 727.41 0.00 0.00 0.00
B4 618,000.00 615,212.13 323.64 0.00 0.00 0.00
B5 463,000.00 460,911.35 242.47 0.00 0.00 0.00
B6 926,906.00 922,724.62 485.42 0.00 0.00 0.00
Totals 308,784,006.00 272,897,870.79 142,576.53 3,405,018.76 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 868,389.96 38,256,688.19 0.764400 868,389.96
1AR 0.00 0.00 0.000000 0.00
1ALR 0.00 0.00 0.000000 0.00
2A1 2,404,196.27 198,273,519.25 0.888792 2,404,196.27
2A2 269,429.66 22,219,802.50 0.888792 269,429.66
1IO 0.00 0.00 0.000000 0.00
2IO 0.00 0.00 0.000000 0.00
B1 2,668.23 5,069,347.61 0.994965 2,668.23
B2 1,132.23 2,151,114.73 0.994965 1,132.23
B3 727.41 1,382,006.64 0.994965 727.41
B4 323.64 614,888.48 0.994965 323.64
B5 242.47 460,668.88 0.994965 242.47
B6 485.42 922,239.20 0.994965 485.42
Totals 3,547,595.29 269,350,275.48 0.872293 3,547,595.29
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 50,048,000.00 781.751082 0.543508 16.807634 0.000000
1AR 50.00 0.000000 0.000000 0.000000 0.000000
1ALR 50.00 0.000000 0.000000 0.000000 0.000000
2A1 223,082,000.00 899.569286 0.442578 10.334608 0.000000
2A2 25,000,000.00 899.569286 0.442578 10.334608 0.000000
1IO 0.00 0.000000 0.000000 0.000000 0.000000
2IO 0.00 0.000000 0.000000 0.000000 0.000000
B1 5,095,000.00 995.488879 0.523696 0.000000 0.000000
B2 2,162,000.00 995.488881 0.523696 0.000000 0.000000
B3 1,389,000.00 995.488877 0.523693 0.000000 0.000000
B4 618,000.00 995.488883 0.523689 0.000000 0.000000
B5 463,000.00 995.488877 0.523693 0.000000 0.000000
B6 926,906.00 995.488885 0.523699 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 17.351142 764.399940 0.764400 17.351142
1AR 0.000000 0.000000 0.000000 0.000000 0.000000
1ALR 0.000000 0.000000 0.000000 0.000000 0.000000
2A1 0.000000 10.777186 888.792100 0.888792 10.777186
2A2 0.000000 10.777186 888.792100 0.888792 10.777186
1IO 0.000000 0.000000 0.000000 0.000000 0.000000
2IO 0.000000 0.000000 0.000000 0.000000 0.000000
B1 0.000000 0.523696 994.965184 0.994965 0.523696
B2 0.000000 0.523696 994.965185 0.994965 0.523696
B3 0.000000 0.523693 994.965184 0.994965 0.523693
B4 0.000000 0.523689 994.965178 0.994965 0.523689
B5 0.000000 0.523693 994.965184 0.994965 0.523693
B6 0.000000 0.523699 994.965185 0.994965 0.523699
<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 4.05095% 39,125,078.15 132,078.14 0.00
1AR N/A N/A 4.04854% 0.00 0.00 0.00
1ALR N/A N/A 4.04854% 0.00 0.00 0.00
2A1 11/01/05 - 11/30/05 30 4.39895% 200,677,715.53 735,642.24 0.00
2A2 11/01/05 - 11/30/05 30 4.74495% 22,489,232.16 88,925.18 0.00
1IO 11/01/05 - 11/30/05 30 0.61100% 40,903,385.50 20,826.64 0.00
2IO 11/01/05 - 11/30/05 30 0.31113% 231,994,485.80 60,150.76 0.00
B1 11/01/05 - 11/30/05 30 4.36962% 5,072,015.84 18,468.98 0.00
B2 11/01/05 - 11/30/05 30 4.36962% 2,152,246.96 7,837.08 0.00
B3 11/01/05 - 11/30/05 30 4.36962% 1,382,734.05 5,035.02 0.00
B4 11/01/05 - 11/30/05 30 4.36962% 615,212.13 2,240.20 0.00
B5 11/01/05 - 11/30/05 30 4.36962% 460,911.35 1,678.34 0.00
B6 11/01/05 - 11/30/05 30 4.36962% 922,724.62 3,359.96 0.00
Totals 1,076,242.54 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 0.00 132,078.14 0.00 38,256,688.19
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.09 0.00 0.00
2A1 0.00 0.00 735,642.24 0.00 198,273,519.25
2A2 0.00 0.00 88,925.18 0.00 22,219,802.50
1IO 0.00 0.00 20,826.64 0.00 40,033,759.18
2IO 0.00 0.00 60,150.76 0.00 229,316,516.82
B1 0.00 0.00 18,468.98 0.00 5,069,347.61
B2 0.00 0.00 7,837.08 0.00 2,151,114.73
B3 0.00 0.00 5,035.02 0.00 1,382,006.64
B4 0.00 0.00 2,240.20 0.00 614,888.48
B5 0.00 0.00 1,678.34 0.00 460,668.88
B6 0.00 0.00 3,359.96 0.00 922,239.20
Totals 0.00 0.00 1,076,242.63 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 50,048,000.00 4.05095% 781.751082 2.639029 0.000000
1AR N/A 50.00 4.04854% 0.000000 0.000000 0.000000
1ALR N/A 50.00 4.04854% 0.000000 0.000000 0.000000
2A1 11/01/05 - 11/30/05 223,082,000.00 4.39895% 899.569286 3.297632 0.000000
2A2 11/01/05 - 11/30/05 25,000,000.00 4.74495% 899.569286 3.557007 0.000000
1IO 11/01/05 - 11/30/05 0.00 0.61100% 789.080762 0.401774 0.000000
2IO 11/01/05 - 11/30/05 0.00 0.31113% 902.887591 0.234098 0.000000
B1 11/01/05 - 11/30/05 5,095,000.00 4.36962% 995.488879 3.624922 0.000000
B2 11/01/05 - 11/30/05 2,162,000.00 4.36962% 995.488881 3.624921 0.000000
B3 11/01/05 - 11/30/05 1,389,000.00 4.36962% 995.488877 3.624924 0.000000
B4 11/01/05 - 11/30/05 618,000.00 4.36962% 995.488883 3.624919 0.000000
B5 11/01/05 - 11/30/05 463,000.00 4.36962% 995.488877 3.624924 0.000000
B6 11/01/05 - 11/30/05 926,906.00 4.36962% 995.488885 3.624920 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 2.639029 0.000000 764.399940
1AR 0.000000 0.000000 0.000000 0.000000 0.000000
1ALR 0.000000 0.000000 1.800000 0.000000 0.000000
2A1 0.000000 0.000000 3.297632 0.000000 888.792100
2A2 0.000000 0.000000 3.557007 0.000000 888.792100
1IO 0.000000 0.000000 0.401774 0.000000 772.304513
2IO 0.000000 0.000000 0.234098 0.000000 892.465340
B1 0.000000 0.000000 3.624922 0.000000 994.965184
B2 0.000000 0.000000 3.624921 0.000000 994.965185
B3 0.000000 0.000000 3.624924 0.000000 994.965184
B4 0.000000 0.000000 3.624919 0.000000 994.965178
B5 0.000000 0.000000 3.624924 0.000000 994.965184
B6 0.000000 0.000000 3.624920 0.000000 994.965185
<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 4,686,658.03
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 4,686,658.03
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Total Administration Fees 62,820.11
Payment of Interest and Principal 4,623,837.92
Total Withdrawals (Pool Distribution Amount) 4,686,658.03
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* 61,114.49
Trustee Fee - Wells Fargo Bank, N.A. 1,705.62
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 62,820.11
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.008742%
Weighted Average Net Coupon 4.740007%
Weighted Average Pass-Through Rate 4.732507%
Weighted Average Remaining Term 349
Beginning Scheduled Collateral Loan Count 529
Number Of Loans Paid In Full 7
Ending Scheduled Collateral Loan Count 522
Beginning Scheduled Collateral Balance 272,897,871.30
Ending Scheduled Collateral Balance 269,350,276.00
Ending Actual Collateral Balance at 30-Nov-2005 269,478,277.92
Monthly P&I Constant 1,281,639.12
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 142,576.54
Unscheduled Principal 3,405,018.76
Group Level Collateral Statement
<s> <c> <c>
Group 1 2 Total
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.044450 5.002447 5.008742
Weighted Average Net Rate 4.669450 4.752447 4.740007
Weighted Average Remaining Term 348 349 349
Beginning Loan Count 81 448 529
Loans Paid In Full 2 5 7
Ending Loan Count 79 443 522
Beginning Scheduled Balance 40,903,385.50 231,994,485.80 272,897,871.30
Ending Scheduled Balance 40,033,759.18 229,316,516.82 269,350,276.00
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 200,383.74 1,081,255.38 1,281,639.12
Scheduled Principal 28,437.85 114,138.69 142,576.54
Unscheduled Principal 841,188.47 2,563,830.29 3,405,018.76
Scheduled Interest 171,945.89 967,116.69 1,139,062.58
Servicing Fee 12,782.31 48,332.18 61,114.49
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 255.65 1,449.97 1,705.62
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 158,907.93 917,334.54 1,076,242.47
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 4.661950 4.744947 4.732507
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Total Senior Percentage 96.113622%
Aggregate Senior Percentage 3.886378%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1
CPR 22.083407%
Subordinate Percentage 4.347579%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.652421%
2
CPR 12.490191%
Subordinate Percentage 3.805063%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.194937%
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 6 0 0 0 6
3,061,943.98 0.00 0.00 0.00 3,061,943.98
60 Days 1 0 0 0 1
464,832.30 0.00 0.00 0.00 464,832.30
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 1 0 1
0.00 0.00 474,827.04 0.00 474,827.04
Totals 7 0 1 0 8
3,526,776.28 0.00 474,827.04 0.00 4,001,603.32
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 1.149425% 0.000000% 0.000000% 0.000000% 1.149425%
1.136249% 0.000000% 0.000000% 0.000000% 1.136249%
60 Days 0.191571% 0.000000% 0.000000% 0.000000% 0.191571%
0.172493% 0.000000% 0.000000% 0.000000% 0.172493%
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% 0.191571% 0.000000% 0.191571%
0.000000% 0.000000% 0.176202% 0.000000% 0.176202%
Totals 1.340996% 0.000000% 0.191571% 0.000000% 1.532567%
1.308742% 0.000000% 0.176202% 0.000000% 1.484945%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 17,879.21
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
1
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
1,015,725.95 0.00 0.00 0.00 1,015,725.95
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 1 0 1
0.00 0.00 474,827.04 0.00 474,827.04
Totals 2 0 1 0 3
1,015,725.95 0.00 474,827.04 0.00 1,490,552.99
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.531646% 0.000000% 0.000000% 0.000000% 2.531646%
2.535192% 0.000000% 0.000000% 0.000000% 2.535192%
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% 1.265823% 0.000000% 1.265823%
0.000000% 0.000000% 1.185140% 0.000000% 1.185140%
Totals 2.531646% 0.000000% 1.265823% 0.000000% 3.797468%
2.535192% 0.000000% 1.185140% 0.000000% 3.720332%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
2
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 4 0 0 0 4
2,046,218.03 0.00 0.00 0.00 2,046,218.03
60 Days 1 0 0 0 1
464,832.30 0.00 0.00 0.00 464,832.30
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 5 0 0 0 5
2,511,050.33 0.00 0.00 0.00 2,511,050.33
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.902935% 0.000000% 0.000000% 0.000000% 0.902935%
0.891935% 0.000000% 0.000000% 0.000000% 0.891935%
60 Days 0.225734% 0.000000% 0.000000% 0.000000% 0.225734%
0.202618% 0.000000% 0.000000% 0.000000% 0.202618%
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 1.128668% 0.000000% 0.000000% 0.000000% 1.128668%
1.094553% 0.000000% 0.000000% 0.000000% 1.094553%
180+ Delinquency Summary
Summary 1
Days Number of Aggregate Percentage of Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%) Loans Oustanding Balance(%)
Balance($) Balance($)
<s> <c> <c> <c> <c> <c> <c>
240 - 269 1 474,827.04 0.176 1 474,827.04 1.185
Total 1 474,827.04 0.176 1 474,827.04 1.185
180+ Delinquency Summary (continued)
2
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
240 - 269 0 0.00 0.000
Total 0 0.00 0.000
<FN>
This report includes all loans greater than 180 days delinquent
regardless of status (REO, Foreclosure, Bankruptcy).
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 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 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 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 1 Jun-05 0.000%
Original Principal Balance 476,000.00 Jul-05 0.000%
Current Principal Balance 474,827.04 Aug-05 0.000%
Sep-05 0.170%
Oct-05 0.171%
Nov-05 0.174%
Dec-05 0.176%
*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 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 1 Jun-05 0.000%
Original Principal Balance 476,000.00 Jul-05 0.000%
Current Principal Balance 474,827.04 Aug-05 0.000%
Sep-05 1.129%
Oct-05 1.150%
Nov-05 1.160%
Dec-05 1.185%
*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 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>
1 6144309652 Sep-2005 01-Feb-2005 CA 80.00 476,000.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
1 6144309652 474,827.04 01-Mar-2005 8 4.875% 17,727.79
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 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 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 0 0.00 0.00 0.000%
2 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
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 2 840,500.00 840,500.00 0 0.00 0.00
2 5 2,568,500.00 2,543,159.28 0 0.00 0.00
Total 7 3,409,000.00 3,383,659.28 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 0 0.00 0.00 0 0.00 0.00 688.47
2 0 0.00 0.00 0 0.00 0.00 23,122.65
Total 0 0.00 0.00 0 0.00 0.00 23,811.12
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 6747598107 CA 80.00 01-Mar-2005 476,000.00 476,000.00
1 6933710268 CA 90.00 01-Jan-2005 364,500.00 364,500.00
2 3301079756 CA 63.07 01-Mar-2005 552,500.00 545,580.97
2 3301390617 CA 70.00 01-Mar-2005 441,000.00 435,721.85
2 6052408769 CA 66.66 01-Feb-2005 500,000.00 496,473.25
2 6257407301 CA 75.14 01-Mar-2005 650,000.00 638,131.57
2 6496699890 IL 75.89 01-Mar-2005 425,000.00 424,800.00
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 6747598107 Loan Paid in Full 0 5.375% 360 9
1 6933710268 Loan Paid in Full 3 4.875% 360 11
2 3301079756 Loan Paid in Full 0 4.875% 360 9
2 3301390617 Loan Paid in Full 0 5.125% 360 9
2 6052408769 Loan Paid in Full 0 5.000% 360 10
2 6257407301 Loan Paid in Full (1) 4.625% 360 9
2 6496699890 Loan Paid in Full 0 5.750% 360 9
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.248% Current Month 13.994% Current Month 735.258%
3 Month Average 1.212% 3 Month Average 13.558% 3 Month Average 791.449%
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 1.867% N/A Mar-2005 1,844.475% N/A
Apr-2005 13.461% N/A Apr-2005 4,453.860% N/A
May-2005 19.151% N/A May-2005 3,808.636% N/A
Jun-2005 12.860% N/A Jun-2005 1,831.834% N/A
Jul-2005 16.046% N/A Jul-2005 1,775.922% N/A
Aug-2005 16.237% N/A Aug-2005 1,471.277% N/A
Sep-2005 23.979% N/A Sep-2005 1,839.479% N/A
Oct-2005 9.273% N/A Oct-2005 616.825% N/A
Nov-2005 17.408% N/A Nov-2005 1,022.265% N/A
Dec-2005 13.994% N/A Dec-2005 735.258% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.058% Current Month 22.083% Current Month 1,148.294%
3 Month Average 1.552% 3 Month Average 16.936% 3 Month Average 988.076%
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 10.037% N/A Mar-2005 8,529.306% N/A
Apr-2005 21.222% N/A Apr-2005 6,630.883% N/A
May-2005 53.093% N/A May-2005 10,152.243% N/A
Jun-2005 26.567% N/A Jun-2005 3,692.966% N/A
Jul-2005 40.416% N/A Jul-2005 4,370.902% N/A
Aug-2005 24.817% N/A Aug-2005 2,208.205% N/A
Sep-2005 21.792% N/A Sep-2005 1,645.510% N/A
Oct-2005 19.769% N/A Oct-2005 1,296.558% N/A
Nov-2005 8.955% N/A Nov-2005 519.376% N/A
Dec-2005 22.083% N/A Dec-2005 1,148.294% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.106% Current Month 12.490% Current Month 657.467%
3 Month Average 1.152% 3 Month Average 12.863% 3 Month Average 750.210%
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 0.138% N/A Mar-2005 141.298% N/A
Apr-2005 11.828% N/A Apr-2005 3,959.721% N/A
May-2005 10.206% N/A May-2005 2,044.980% N/A
Jun-2005 10.042% N/A Jun-2005 1,436.945% N/A
Jul-2005 10.661% N/A Jul-2005 1,184.847% N/A
Aug-2005 14.617% N/A Aug-2005 1,328.756% N/A
Sep-2005 24.359% N/A Sep-2005 1,873.885% N/A
Oct-2005 7.292% N/A Oct-2005 486.231% N/A
Nov-2005 18.808% N/A Nov-2005 1,106.932% N/A
Dec-2005 12.490% N/A Dec-2005 657.467% 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