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-A
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-10
Pooling and Servicing Agreement) (Commission 54-2165626
(State or other File Number) 54-2165627
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-A
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-A 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-A 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-A 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-A
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 05949AH52 4.06128% 78,511,872.98 265,715.31
1AR 05949AH60 4.06181% 0.00 0.00
1ALR 05949AH78 4.06181% 0.00 0.00
2A1 05949AH86 4.46530% 215,574,551.85 802,171.40
2A2 05949AH94 4.46530% 126,237,672.81 469,741.21
2A3 05949AJ27 4.46530% 4,443,387.02 16,534.22
3A1 05949AJ35 5.05620% 36,039,304.98 151,851.59
4A1 05949AJ43 5.22305% 39,855,752.79 173,473.70
1IO 05949AJ84 0.31700% 0.00 21,656.66
2IO 05949AJ92 0.17100% 0.00 51,271.25
4IO 05949AK25 0.03230% 0.00 1,113.88
B1 05949AJ50 4.49301% 10,528,035.48 39,418.77
B2 05949AJ68 4.49301% 3,801,155.02 14,232.18
B3 05949AJ76 4.49301% 2,046,316.64 7,661.76
B4 05949AK33 4.49301% 1,462,365.32 5,475.35
B5 05949AK41 4.49301% 877,419.19 3,285.21
B6 05949AK58 4.49301% 1,169,798.73 4,379.93
Totals 520,547,632.81 2,027,982.42
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 2,047,674.20 0.00 76,464,198.78 2,313,389.51 0.00
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 2,243,187.22 0.00 213,331,364.62 3,045,358.62 0.00
2A2 1,313,581.46 0.00 124,924,091.35 1,783,322.67 0.00
2A3 46,236.20 0.00 4,397,150.82 62,770.42 0.00
3A1 1,192,424.10 0.00 34,846,880.88 1,344,275.69 0.00
4A1 1,118,172.87 0.00 38,737,579.93 1,291,646.57 0.00
1IO 0.00 0.00 0.00 21,656.66 0.00
2IO 0.00 0.00 0.00 51,271.25 0.00
4IO 0.00 0.00 0.00 1,113.88 0.00
B1 5,675.84 0.00 10,522,359.64 45,094.61 0.00
B2 2,049.27 0.00 3,799,105.75 16,281.45 0.00
B3 1,103.20 0.00 2,045,213.44 8,764.96 0.00
B4 788.39 0.00 1,461,576.93 6,263.74 0.00
B5 473.03 0.00 876,946.16 3,758.24 0.00
B6 630.66 0.00 1,169,168.07 5,010.59 0.00
Totals 7,971,996.44 0.00 512,575,636.37 9,999,978.86 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 99,118,000.00 78,511,872.98 46,967.87 2,000,706.33 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 240,784,000.00 215,574,551.85 115,074.87 2,128,112.35 0.00 0.00
2A2 141,000,000.00 126,237,672.81 67,386.36 1,246,195.10 0.00 0.00
2A3 4,963,000.00 4,443,387.02 2,371.90 43,864.30 0.00 0.00
3A1 38,460,000.00 36,039,304.98 19,805.41 1,172,618.69 0.00 0.00
4A1 43,554,000.00 39,855,752.79 17,644.32 1,100,528.55 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
4IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 10,583,000.00 10,528,035.48 5,675.84 0.00 0.00 0.00
B2 3,821,000.00 3,801,155.02 2,049.27 0.00 0.00 0.00
B3 2,057,000.00 2,046,316.64 1,103.20 0.00 0.00 0.00
B4 1,470,000.00 1,462,365.32 788.39 0.00 0.00 0.00
B5 882,000.00 877,419.19 473.03 0.00 0.00 0.00
B6 1,175,905.98 1,169,798.73 630.66 0.00 0.00 0.00
Totals 587,868,005.98 520,547,632.81 279,971.12 7,692,025.32 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 2,047,674.20 76,464,198.78 0.771446 2,047,674.20
1AR 0.00 0.00 0.000000 0.00
1ALR 0.00 0.00 0.000000 0.00
2A1 2,243,187.22 213,331,364.62 0.885986 2,243,187.22
2A2 1,313,581.46 124,924,091.35 0.885986 1,313,581.46
2A3 46,236.20 4,397,150.82 0.885986 46,236.20
3A1 1,192,424.10 34,846,880.88 0.906055 1,192,424.10
4A1 1,118,172.87 38,737,579.93 0.889415 1,118,172.87
1IO 0.00 0.00 0.000000 0.00
2IO 0.00 0.00 0.000000 0.00
4IO 0.00 0.00 0.000000 0.00
B1 5,675.84 10,522,359.64 0.994270 5,675.84
B2 2,049.27 3,799,105.75 0.994270 2,049.27
B3 1,103.20 2,045,213.44 0.994270 1,103.20
B4 788.39 1,461,576.93 0.994270 788.39
B5 473.03 876,946.16 0.994270 473.03
B6 630.66 1,169,168.07 0.994270 630.66
Totals 7,971,996.44 512,575,636.37 0.871923 7,971,996.44
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 99,118,000.00 792.105097 0.473858 20.185096 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 240,784,000.00 895.302644 0.477917 8.838263 0.000000
2A2 141,000,000.00 895.302644 0.477917 8.838263 0.000000
2A3 4,963,000.00 895.302644 0.477917 8.838263 0.000000
3A1 38,460,000.00 937.059412 0.514961 30.489306 0.000000
4A1 43,554,000.00 915.088230 0.405114 25.268140 0.000000
1IO 0.00 0.000000 0.000000 0.000000 0.000000
2IO 0.00 0.000000 0.000000 0.000000 0.000000
4IO 0.00 0.000000 0.000000 0.000000 0.000000
B1 10,583,000.00 994.806338 0.536317 0.000000 0.000000
B2 3,821,000.00 994.806339 0.536318 0.000000 0.000000
B3 2,057,000.00 994.806339 0.536315 0.000000 0.000000
B4 1,470,000.00 994.806340 0.536320 0.000000 0.000000
B5 882,000.00 994.806338 0.536315 0.000000 0.000000
B6 1,175,905.98 994.806345 0.536318 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 20.658954 771.446143 0.771446 20.658954
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 9.316181 885.986463 0.885986 9.316181
2A2 0.000000 9.316181 885.986463 0.885986 9.316181
2A3 0.000000 9.316180 885.986464 0.885986 9.316180
3A1 0.000000 31.004267 906.055145 0.906055 31.004267
4A1 0.000000 25.673253 889.414977 0.889415 25.673253
1IO 0.000000 0.000000 0.000000 0.000000 0.000000
2IO 0.000000 0.000000 0.000000 0.000000 0.000000
4IO 0.000000 0.000000 0.000000 0.000000 0.000000
B1 0.000000 0.536317 994.270022 0.994270 0.536317
B2 0.000000 0.536318 994.270021 0.994270 0.536318
B3 0.000000 0.536315 994.270024 0.994270 0.536315
B4 0.000000 0.536320 994.270020 0.994270 0.536320
B5 0.000000 0.536315 994.270023 0.994270 0.536315
B6 0.000000 0.536318 994.270027 0.994270 0.536318
<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 4.06128% 78,511,872.98 265,715.31 0.00
1AR N/A N/A 4.06181% 0.00 0.00 0.00
1ALR N/A N/A 4.06181% 0.00 0.00 0.00
2A1 11/01/05 - 11/30/05 30 4.46530% 215,574,551.85 802,171.40 0.00
2A2 11/01/05 - 11/30/05 30 4.46530% 126,237,672.81 469,741.21 0.00
2A3 11/01/05 - 11/30/05 30 4.46530% 4,443,387.02 16,534.22 0.00
3A1 11/01/05 - 11/30/05 30 5.05620% 36,039,304.98 151,851.59 0.00
4A1 11/01/05 - 11/30/05 30 5.22305% 39,855,752.79 173,473.70 0.00
1IO 11/01/05 - 11/30/05 30 0.31700% 81,981,062.31 21,656.66 0.00
2IO 11/01/05 - 11/30/05 30 0.17100% 359,798,228.46 51,271.25 0.00
4IO 11/01/05 - 11/30/05 30 0.03230% 41,382,357.25 1,113.88 0.00
B1 11/01/05 - 11/30/05 30 4.49301% 10,528,035.48 39,418.77 0.00
B2 11/01/05 - 11/30/05 30 4.49301% 3,801,155.02 14,232.18 0.00
B3 11/01/05 - 11/30/05 30 4.49301% 2,046,316.64 7,661.76 0.00
B4 11/01/05 - 11/30/05 30 4.49301% 1,462,365.32 5,475.35 0.00
B5 11/01/05 - 11/30/05 30 4.49301% 877,419.19 3,285.21 0.00
B6 11/01/05 - 11/30/05 30 4.49301% 1,169,798.73 4,379.93 0.00
Totals 2,027,982.42 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 0.00 265,715.31 0.00 76,464,198.78
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.00 0.00 0.00
2A1 0.00 0.00 802,171.40 0.00 213,331,364.62
2A2 0.00 0.00 469,741.21 0.00 124,924,091.35
2A3 0.00 0.00 16,534.22 0.00 4,397,150.82
3A1 0.00 0.00 151,851.59 0.00 34,846,880.88
4A1 0.00 0.00 173,473.70 0.00 38,737,579.93
1IO 0.00 0.00 21,656.66 0.00 79,931,312.75
2IO 0.00 0.00 51,271.25 0.00 356,187,994.45
4IO 0.00 0.00 1,113.88 0.00 40,263,508.55
B1 0.00 0.00 39,418.77 0.00 10,522,359.64
B2 0.00 0.00 14,232.18 0.00 3,799,105.75
B3 0.00 0.00 7,661.76 0.00 2,045,213.44
B4 0.00 0.00 5,475.35 0.00 1,461,576.93
B5 0.00 0.00 3,285.21 0.00 876,946.16
B6 0.00 0.00 4,379.93 0.00 1,169,168.07
Totals 0.00 0.00 2,027,982.42 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 99,118,000.00 4.06128% 792.105097 2.680798 0.000000
1AR N/A 50.00 4.06181% 0.000000 0.000000 0.000000
1ALR N/A 50.00 4.06181% 0.000000 0.000000 0.000000
2A1 11/01/05 - 11/30/05 240,784,000.00 4.46530% 895.302644 3.331498 0.000000
2A2 11/01/05 - 11/30/05 141,000,000.00 4.46530% 895.302644 3.331498 0.000000
2A3 11/01/05 - 11/30/05 4,963,000.00 4.46530% 895.302644 3.331497 0.000000
3A1 11/01/05 - 11/30/05 38,460,000.00 5.05620% 937.059412 3.948299 0.000000
4A1 11/01/05 - 11/30/05 43,554,000.00 5.22305% 915.088230 3.982957 0.000000
1IO 11/01/05 - 11/30/05 0.00 0.31700% 798.982661 0.211065 0.000000
2IO 11/01/05 - 11/30/05 0.00 0.17100% 898.686625 0.128063 0.000000
4IO 11/01/05 - 11/30/05 0.00 0.03230% 917.831742 0.024705 0.000000
B1 11/01/05 - 11/30/05 10,583,000.00 4.49301% 994.806338 3.724726 0.000000
B2 11/01/05 - 11/30/05 3,821,000.00 4.49301% 994.806339 3.724727 0.000000
B3 11/01/05 - 11/30/05 2,057,000.00 4.49301% 994.806339 3.724725 0.000000
B4 11/01/05 - 11/30/05 1,470,000.00 4.49301% 994.806340 3.724728 0.000000
B5 11/01/05 - 11/30/05 882,000.00 4.49301% 994.806338 3.724728 0.000000
B6 11/01/05 - 11/30/05 1,175,905.98 4.49301% 994.806345 3.724728 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 2.680798 0.000000 771.446143
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 0.000000 3.331498 0.000000 885.986463
2A2 0.000000 0.000000 3.331498 0.000000 885.986463
2A3 0.000000 0.000000 3.331497 0.000000 885.986464
3A1 0.000000 0.000000 3.948299 0.000000 906.055145
4A1 0.000000 0.000000 3.982957 0.000000 889.414977
1IO 0.000000 0.000000 0.211065 0.000000 779.005921
2IO 0.000000 0.000000 0.128063 0.000000 889.669157
4IO 0.000000 0.000000 0.024705 0.000000 893.016460
B1 0.000000 0.000000 3.724726 0.000000 994.270022
B2 0.000000 0.000000 3.724727 0.000000 994.270021
B3 0.000000 0.000000 3.724725 0.000000 994.270024
B4 0.000000 0.000000 3.724728 0.000000 994.270020
B5 0.000000 0.000000 3.724728 0.000000 994.270023
B6 0.000000 0.000000 3.724728 0.000000 994.270027
<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 10,118,918.02
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 10,118,918.02
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Total Administration Fees 118,939.16
Payment of Interest and Principal 9,999,978.86
Total Withdrawals (Pool Distribution Amount) 10,118,918.02
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* 116,987.11
Trustee Fee - Wells Fargo Bank, N.A. 1,952.05
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 118,939.16
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.949222%
Weighted Average Net Coupon 4.679536%
Weighted Average Pass-Through Rate 4.675036%
Weighted Average Remaining Term 349
Beginning Scheduled Collateral Loan Count 986
Number Of Loans Paid In Full 13
Ending Scheduled Collateral Loan Count 973
Beginning Scheduled Collateral Balance 520,547,632.81
Ending Scheduled Collateral Balance 512,575,636.37
Ending Actual Collateral Balance at 30-Nov-2005 512,810,089.38
Monthly P&I Constant 2,426,892.65
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 0.00
Prepayment Penalty Paid Count 0
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 279,971.12
Unscheduled Principal 7,692,025.32
Group Level Collateral Statement
<s> <c> <c>
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.757775 4.890803 5.310699
Weighted Average Net Rate 4.382775 4.640803 5.060699
Weighted Average Remaining Term 349 348 349
Beginning Loan Count 154 684 70
Loans Paid In Full 4 6 2
Ending Loan Count 150 678 68
Beginning Scheduled Balance 81,981,062.31 359,798,228.46 37,385,984.79
Ending Scheduled Balance 79,931,312.75 356,187,994.45 36,192,820.62
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 374,082.76 1,658,480.81 186,000.24
Scheduled Principal 49,043.23 192,062.26 20,545.48
Unscheduled Principal 2,000,706.33 3,418,171.75 1,172,618.69
Scheduled Interest 325,039.53 1,466,418.55 165,454.76
Servicing Fee 25,619.08 74,957.96 7,788.75
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 307.43 1,349.24 140.20
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 299,113.02 1,390,111.35 157,525.81
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 4.378275 4.636303 5.056199
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.509846 4.949222
Weighted Average Net Rate 5.259846 4.679536
Weighted Average Remaining Term 349 349
Beginning Loan Count 78 986
Loans Paid In Full 1 13
Ending Loan Count 77 973
Beginning Scheduled Balance 41,382,357.25 520,547,632.81
Ending scheduled Balance 40,263,508.55 512,575,636.37
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 208,328.84 2,426,892.65
Scheduled Principal 18,320.15 279,971.12
Unscheduled Principal 1,100,528.55 7,692,025.32
Scheduled Interest 190,008.69 2,146,921.53
Servicing Fee 8,621.32 116,987.11
Master Servicing Fee 0.00 0.00
Trustee Fee 155.18 1,952.05
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 181,232.19 2,027,982.37
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 5.255346 4.675036
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Total Senior Percentage 96.179968%
Total Subordinate Percentage 3.820032%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1
CPR 25.670800%
Subordinate Percentage 4.231695%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 95.768305%
2
CPR 10.828563%
Subordinate Percentage 3.763947%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.236053%
3
CPR 31.793141%
Subordinate Percentage 3.602098%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.397902%
4
CPR 27.645696%
Subordinate Percentage 3.689022%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.310978%
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 7 0 0 0 7
3,956,397.37 0.00 0.00 0.00 3,956,397.37
60 Days 1 0 0 0 1
999,983.33 0.00 0.00 0.00 999,983.33
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 8 0 0 0 8
4,956,380.70 0.00 0.00 0.00 4,956,380.70
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 0.719424% 0.000000% 0.000000% 0.000000% 0.719424%
0.771513% 0.000000% 0.000000% 0.000000% 0.771513%
60 Days 0.102775% 0.000000% 0.000000% 0.000000% 0.102775%
0.195001% 0.000000% 0.000000% 0.000000% 0.195001%
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 0.822199% 0.000000% 0.000000% 0.000000% 0.822199%
0.966514% 0.000000% 0.000000% 0.000000% 0.966514%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 19,166.77
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 3 0 0 0 3
1,410,112.13 0.00 0.00 0.00 1,410,112.13
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 3 0 0 0 3
1,410,112.13 0.00 0.00 0.00 1,410,112.13
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.000000% 0.000000% 0.000000% 0.000000% 2.000000%
1.763250% 0.000000% 0.000000% 0.000000% 1.763250%
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 2.000000% 0.000000% 0.000000% 0.000000% 2.000000%
1.763250% 0.000000% 0.000000% 0.000000% 1.763250%
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
2,546,285.24 0.00 0.00 0.00 2,546,285.24
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
2,546,285.24 0.00 0.00 0.00 2,546,285.24
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.589971% 0.000000% 0.000000% 0.000000% 0.589971%
0.714542% 0.000000% 0.000000% 0.000000% 0.714542%
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 0.589971% 0.000000% 0.000000% 0.000000% 0.589971%
0.714542% 0.000000% 0.000000% 0.000000% 0.714542%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
3
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
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 1 0 0 0 1
999,983.33 0.00 0.00 0.00 999,983.33
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
999,983.33 0.00 0.00 0.00 999,983.33
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 1.298701% 0.000000% 0.000000% 0.000000% 1.298701%
2.482811% 0.000000% 0.000000% 0.000000% 2.482811%
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 1.298701% 0.000000% 0.000000% 0.000000% 1.298701%
2.482811% 0.000000% 0.000000% 0.000000% 2.482811%
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.
3 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 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 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 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 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 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 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.
3 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 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%
3 0 0.00 0.00 0.000%
4 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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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.
3
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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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.
4
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 0.000% N/A Feb-2005 0.000% 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 0.000% N/A Feb-2005 0.000% 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 4 1,985,600.00 1,965,868.59 0 0.00 0.00
2 6 3,249,800.00 3,227,560.60 0 0.00 0.00
3 2 1,173,500.00 1,168,264.60 0 0.00 0.00
4 1 1,106,250.00 1,093,888.62 0 0.00 0.00
Total 13 7,515,150.00 7,455,582.41 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 36,212.98
2 0 0.00 0.00 0 0.00 0.00 192,718.92
3 0 0.00 0.00 0 0.00 0.00 4,844.13
4 0 0.00 0.00 0 0.00 0.00 7,907.44
Total 0 0.00 0.00 0 0.00 0.00 241,683.47
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 6391461974 CA 68.68 01-Jan-2005 494,500.00 489,566.10
1 6691289299 DE 70.68 01-Feb-2005 500,000.00 500,000.00
1 6695620937 CO 51.11 01-Jan-2005 511,100.00 502,670.75
1 6911765201 ID 80.00 01-Jan-2005 480,000.00 472,256.50
2 6206365923 SC 28.57 01-Jan-2005 500,000.00 500,000.00
2 6609127854 CA 70.12 01-Feb-2005 652,200.00 651,145.63
2 6644097807 CA 53.95 01-Feb-2005 750,000.00 739,647.28
2 6680272256 CA 44.91 01-Jan-2005 402,000.00 402,000.00
2 6715473952 CA 80.00 01-Jan-2005 511,600.00 504,386.07
2 6851708799 CA 68.88 01-Feb-2005 434,000.00 428,273.85
3 6487597244 CA 63.82 01-Jan-2005 718,000.00 718,000.00
3 6964277799 CA 58.39 01-Jan-2005 455,500.00 449,774.56
4 6839859987 CA 75.00 01-Feb-2005 1,106,250.00 1,092,621.11
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 6391461974 Loan Paid in Full 0 4.875% 360 11
1 6691289299 Loan Paid in Full (1) 5.250% 360 10
1 6695620937 Loan Paid in Full (1) 4.375% 360 11
1 6911765201 Loan Paid in Full 0 4.500% 360 11
2 6206365923 Loan Paid in Full 0 4.500% 360 11
2 6609127854 Loan Paid in Full 0 4.875% 360 10
2 6644097807 Loan Paid in Full 0 4.875% 360 10
2 6680272256 Loan Paid in Full 0 5.250% 360 11
2 6715473952 Loan Paid in Full 0 5.250% 360 11
2 6851708799 Loan Paid in Full 0 5.125% 360 10
3 6487597244 Loan Paid in Full 0 5.500% 360 11
3 6964277799 Loan Paid in Full 0 5.875% 360 11
4 6839859987 Loan Paid in Full 0 5.500% 360 10
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.478% Current Month 16.368% Current Month 778.313%
3 Month Average 1.162% 3 Month Average 13.032% 3 Month Average 675.557%
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 5.553% N/A Feb-2005 5,450.015% N/A
Mar-2005 6.072% N/A Mar-2005 2,021.908% N/A
Apr-2005 12.449% N/A Apr-2005 2,473.211% N/A
May-2005 17.118% N/A May-2005 2,432.888% N/A
Jun-2005 10.480% N/A Jun-2005 1,159.876% N/A
Jul-2005 14.266% N/A Jul-2005 1,292.281% N/A
Aug-2005 21.718% N/A Aug-2005 1,665.671% N/A
Sep-2005 18.531% N/A Sep-2005 1,232.559% N/A
Oct-2005 8.779% N/A Oct-2005 515.450% N/A
Nov-2005 13.948% N/A Nov-2005 732.908% N/A
Dec-2005 16.368% N/A Dec-2005 778.313% 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 2.442% Current Month 25.671% Current Month 1,205.561%
3 Month Average 2.350% 3 Month Average 24.402% 3 Month Average 1,249.436%
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 21.440% N/A Feb-2005 16,941.494% N/A
Mar-2005 10.580% N/A Mar-2005 3,252.710% N/A
Apr-2005 14.860% N/A Apr-2005 2,807.397% N/A
May-2005 16.865% N/A May-2005 2,309.636% N/A
Jun-2005 24.428% N/A Jun-2005 2,627.018% N/A
Jul-2005 19.733% N/A Jul-2005 1,744.211% N/A
Aug-2005 45.764% N/A Aug-2005 3,432.284% N/A
Sep-2005 22.449% N/A Sep-2005 1,464.117% N/A
Oct-2005 13.526% N/A Oct-2005 780.732% N/A
Nov-2005 34.010% N/A Nov-2005 1,762.015% N/A
Dec-2005 25.671% N/A Dec-2005 1,205.561% 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 0.951% Current Month 10.829% Current Month 517.436%
3 Month Average 0.893% 3 Month Average 10.202% 3 Month Average 540.459%
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 1.767% N/A Feb-2005 1,912.452% N/A
Mar-2005 6.042% N/A Mar-2005 2,073.906% N/A
Apr-2005 9.208% N/A Apr-2005 1,866.008% N/A
May-2005 18.890% N/A May-2005 2,724.320% N/A
Jun-2005 8.621% N/A Jun-2005 964.975% N/A
Jul-2005 10.396% N/A Jul-2005 951.085% N/A
Aug-2005 18.835% N/A Aug-2005 1,457.010% N/A
Sep-2005 19.474% N/A Sep-2005 1,305.075% N/A
Oct-2005 9.427% N/A Oct-2005 557.083% N/A
Nov-2005 10.351% N/A Nov-2005 546.858% N/A
Dec-2005 10.829% N/A Dec-2005 517.436% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.138% Current Month 31.793% Current Month 1,503.941%
3 Month Average 1.049% 3 Month Average 10.633% 3 Month Average 503.238%
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 3.765% N/A Feb-2005 3,323.072% N/A
Mar-2005 1.168% N/A Mar-2005 375.939% N/A
Apr-2005 16.412% N/A Apr-2005 3,190.507% N/A
May-2005 17.102% N/A May-2005 2,387.888% N/A
Jun-2005 0.048% N/A Jun-2005 5.292% N/A
Jul-2005 13.481% N/A Jul-2005 1,206.239% N/A
Aug-2005 0.063% N/A Aug-2005 4.784% N/A
Sep-2005 11.806% N/A Sep-2005 778.393% N/A
Oct-2005 0.051% N/A Oct-2005 2.965% N/A
Nov-2005 0.054% N/A Nov-2005 2.809% N/A
Dec-2005 31.793% N/A Dec-2005 1,503.941% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.661% Current Month 27.646% Current Month 1,297.082%
3 Month Average 1.193% 3 Month Average 12.713% 3 Month Average 614.249%
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 0.736% N/A Feb-2005 609.024% N/A
Mar-2005 0.101% N/A Mar-2005 32.086% N/A
Apr-2005 29.807% N/A Apr-2005 5,683.339% N/A
May-2005 0.161% N/A May-2005 22.252% N/A
Jun-2005 1.842% N/A Jun-2005 199.177% N/A
Jul-2005 33.764% N/A Jul-2005 2,990.665% N/A
Aug-2005 0.184% N/A Aug-2005 13.855% N/A
Sep-2005 6.869% N/A Sep-2005 449.381% N/A
Oct-2005 0.227% N/A Oct-2005 13.158% N/A
Nov-2005 10.266% N/A Nov-2005 532.505% N/A
Dec-2005 27.646% N/A Dec-2005 1,297.082% 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