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 2005-7
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-29
Pooling and Servicing Agreement) (Commission 54-2179609
(State or other File Number) 54-2179610
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 2005-7
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 2005-7 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 2005-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 12/27/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-7 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 2005-7
Contact: CTSLink Customer Service
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
@ www.ctslink.com/cmbs
Telephone: (301) 815-6600
Fax: (301) 815-6600
Certificateholder Distribution Summary
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
1-A-1 05949CEX0 5.50000% 23,342,000.00 106,984.17
1-A-2 05949CEY8 5.25000% 19,256,803.50 84,248.52
1-A-3 05949CEZ5 5.50000% 21,000,000.00 96,250.00
1-A-4 05949CFA9 7.50000% 2,407,100.44 15,044.38
1-A-5 05949CFB7 5.50000% 148,544,447.51 680,828.72
1-A-6 05949CFC5 5.50000% 14,487,000.00 66,398.75
1-A-7 05949CFD3 5.50000% 1,000,000.00 4,583.33
1-A-R 05949CFE1 5.50000% 0.00 0.02
2-A-1 05949CFG6 5.00000% 18,951,732.90 78,965.55
2-A-2 05949CFH4 5.00000% 996,861.15 4,153.59
2-A-3 05949CFJ0 5.00000% 36,876,281.89 153,651.17
A-PO 05949CFL5 0.00000% 1,421,617.38 0.00
30-IO 05949CFF8 5.50000% 0.00 33,190.60
15-IO 05949CFK7 5.00000% 0.00 10,305.01
B-1 05949CFM3 5.39961% 3,791,305.37 17,059.64
B-2 05949CFN1 5.39961% 1,364,114.85 6,138.07
B-3 05949CFP6 5.39961% 910,072.25 4,095.03
B-4 05949CFQ4 5.39961% 606,052.48 2,727.04
B-5 05949CFR2 5.39961% 304,019.77 1,367.99
B-6 05949CFS0 5.39961% 454,895.41 2,046.88
Totals 295,714,304.90 1,368,038.46
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
1-A-1 0.00 0.00 23,342,000.00 106,984.17 0.00
1-A-2 84,677.74 0.00 19,172,125.76 168,926.26 0.00
1-A-3 0.00 0.00 21,000,000.00 96,250.00 0.00
1-A-4 10,584.72 0.00 2,396,515.72 25,629.10 0.00
1-A-5 623,299.51 0.00 147,921,148.00 1,304,128.23 0.00
1-A-6 0.00 0.00 14,487,000.00 66,398.75 0.00
1-A-7 0.00 0.00 1,000,000.00 4,583.33 0.00
1-A-R 0.00 0.00 0.00 0.02 0.00
2-A-1 213,076.72 0.00 18,738,656.19 292,042.27 0.00
2-A-2 11,207.84 0.00 985,653.32 15,361.43 0.00
2-A-3 414,604.68 0.00 36,461,677.21 568,255.85 0.00
A-PO 13,767.59 0.00 1,407,849.78 13,767.59 0.00
30-IO 0.00 0.00 0.00 33,190.60 0.00
15-IO 0.00 0.00 0.00 10,305.01 0.00
B-1 6,338.44 0.00 3,784,966.93 23,398.08 0.00
B-2 2,280.58 0.00 1,361,834.27 8,418.65 0.00
B-3 1,521.49 0.00 908,550.76 5,616.52 0.00
B-4 1,013.22 0.00 605,039.26 3,740.26 0.00
B-5 508.27 0.00 303,511.50 1,876.26 0.00
B-6 760.51 0.00 454,134.90 2,807.39 0.00
Totals 1,383,641.31 0.00 294,330,663.60 2,751,679.77 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>
1-A-1 23,342,000.00 23,342,000.00 0.00 0.00 0.00 0.00
1-A-2 20,000,000.00 19,256,803.50 30,026.94 54,650.80 0.00 0.00
1-A-3 21,000,000.00 21,000,000.00 0.00 0.00 0.00 0.00
1-A-4 2,500,000.00 2,407,100.44 3,753.37 6,831.35 0.00 0.00
1-A-5 154,015,000.00 148,544,447.51 221,023.60 402,275.91 0.00 0.00
1-A-6 14,487,000.00 14,487,000.00 0.00 0.00 0.00 0.00
1-A-7 1,000,000.00 1,000,000.00 0.00 0.00 0.00 0.00
1-A-R 100.00 0.00 0.00 0.00 0.00 0.00
2-A-1 20,000,000.00 18,951,732.90 74,244.64 138,832.08 0.00 0.00
2-A-2 1,052,000.00 996,861.15 3,905.27 7,302.57 0.00 0.00
2-A-3 38,916,000.00 36,876,281.89 144,465.23 270,139.45 0.00 0.00
A-PO 1,434,030.13 1,421,617.38 2,539.78 11,227.82 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 3,816,000.00 3,791,305.37 6,338.44 0.00 0.00 0.00
B-2 1,373,000.00 1,364,114.85 2,280.58 0.00 0.00 0.00
B-3 916,000.00 910,072.25 1,521.49 0.00 0.00 0.00
B-4 610,000.00 606,052.48 1,013.22 0.00 0.00 0.00
B-5 306,000.00 304,019.77 508.27 0.00 0.00 0.00
B-6 457,858.37 454,895.41 760.51 0.00 0.00 0.00
Totals 305,224,988.50 295,714,304.90 492,381.34 891,259.98 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>
1-A-1 0.00 23,342,000.00 1.000000 0.00
1-A-2 84,677.74 19,172,125.76 0.958606 84,677.74
1-A-3 0.00 21,000,000.00 1.000000 0.00
1-A-4 10,584.72 2,396,515.72 0.958606 10,584.72
1-A-5 623,299.51 147,921,148.00 0.960433 623,299.51
1-A-6 0.00 14,487,000.00 1.000000 0.00
1-A-7 0.00 1,000,000.00 1.000000 0.00
1-A-R 0.00 0.00 0.000000 0.00
2-A-1 213,076.72 18,738,656.19 0.936933 213,076.72
2-A-2 11,207.84 985,653.32 0.936933 11,207.84
2-A-3 414,604.68 36,461,677.21 0.936933 414,604.68
A-PO 13,767.59 1,407,849.78 0.981744 13,767.59
30-IO 0.00 0.00 0.000000 0.00
15-IO 0.00 0.00 0.000000 0.00
B-1 6,338.44 3,784,966.93 0.991868 6,338.44
B-2 2,280.58 1,361,834.27 0.991868 2,280.58
B-3 1,521.49 908,550.76 0.991868 1,521.49
B-4 1,013.22 605,039.26 0.991868 1,013.22
B-5 508.27 303,511.50 0.991868 508.27
B-6 760.51 454,134.90 0.991868 760.51
Totals 1,383,641.31 294,330,663.60 0.964307 1,383,641.31
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 23,342,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-2 20,000,000.00 962.840175 1.501347 2.732540 0.000000
1-A-3 21,000,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-4 2,500,000.00 962.840176 1.501348 2.732540 0.000000
1-A-5 154,015,000.00 964.480392 1.435078 2.611927 0.000000
1-A-6 14,487,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-7 1,000,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-R 100.00 0.000000 0.000000 0.000000 0.000000
2-A-1 20,000,000.00 947.586645 3.712232 6.941604 0.000000
2-A-2 1,052,000.00 947.586644 3.712234 6.941606 0.000000
2-A-3 38,916,000.00 947.586645 3.712232 6.941604 0.000000
A-PO 1,434,030.13 991.344150 1.771079 7.829557 0.000000
30-IO 0.00 0.000000 0.000000 0.000000 0.000000
15-IO 0.00 0.000000 0.000000 0.000000 0.000000
B-1 3,816,000.00 993.528661 1.661017 0.000000 0.000000
B-2 1,373,000.00 993.528660 1.661020 0.000000 0.000000
B-3 916,000.00 993.528657 1.661015 0.000000 0.000000
B-4 610,000.00 993.528656 1.661016 0.000000 0.000000
B-5 306,000.00 993.528660 1.661013 0.000000 0.000000
B-6 457,858.37 993.528654 1.661016 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>
1-A-1 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-2 0.000000 4.233887 958.606288 0.958606 4.233887
1-A-3 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-4 0.000000 4.233888 958.606288 0.958606 4.233888
1-A-5 0.000000 4.047005 960.433386 0.960433 4.047005
1-A-6 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-7 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-R 0.000000 0.000000 0.000000 0.000000 0.000000
2-A-1 0.000000 10.653836 936.932810 0.936933 10.653836
2-A-2 0.000000 10.653840 936.932814 0.936933 10.653840
2-A-3 0.000000 10.653836 936.932809 0.936933 10.653836
A-PO 0.000000 9.600628 981.743515 0.981744 9.600628
30-IO 0.000000 0.000000 0.000000 0.000000 0.000000
15-IO 0.000000 0.000000 0.000000 0.000000 0.000000
B-1 0.000000 1.661017 991.867644 0.991868 1.661017
B-2 0.000000 1.661020 991.867640 0.991868 1.661020
B-3 0.000000 1.661015 991.867642 0.991868 1.661015
B-4 0.000000 1.661016 991.867639 0.991868 1.661016
B-5 0.000000 1.661013 991.867647 0.991868 1.661013
B-6 0.000000 1.661016 991.867638 0.991868 1.661016
<FN>
All Classes are Per $1000 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>
1-A-1 11/01/05 - 11/30/05 30 5.50000% 23,342,000.00 106,984.17 0.00
1-A-2 11/01/05 - 11/30/05 30 5.25000% 19,256,803.50 84,248.52 0.00
1-A-3 11/01/05 - 11/30/05 30 5.50000% 21,000,000.00 96,250.00 0.00
1-A-4 11/01/05 - 11/30/05 30 7.50000% 2,407,100.44 15,044.38 0.00
1-A-5 11/01/05 - 11/30/05 30 5.50000% 148,544,447.51 680,828.72 0.00
1-A-6 11/01/05 - 11/30/05 30 5.50000% 14,487,000.00 66,398.75 0.00
1-A-7 11/01/05 - 11/30/05 30 5.50000% 1,000,000.00 4,583.33 0.00
1-A-R N/A N/A 5.50000% 0.00 0.00 0.00
2-A-1 11/01/05 - 11/30/05 30 5.00000% 18,951,732.90 78,965.55 0.00
2-A-2 11/01/05 - 11/30/05 30 5.00000% 996,861.15 4,153.59 0.00
2-A-3 11/01/05 - 11/30/05 30 5.00000% 36,876,281.89 153,651.17 0.00
A-PO N/A N/A 0.00000% 1,421,617.38 0.00 0.00
30-IO 11/01/05 - 11/30/05 30 5.50000% 7,241,585.96 33,190.60 0.00
15-IO 11/01/05 - 11/30/05 30 5.00000% 2,473,203.48 10,305.01 0.00
B-1 11/01/05 - 11/30/05 30 5.39961% 3,791,305.37 17,059.64 0.00
B-2 11/01/05 - 11/30/05 30 5.39961% 1,364,114.85 6,138.07 0.00
B-3 11/01/05 - 11/30/05 30 5.39961% 910,072.25 4,095.03 0.00
B-4 11/01/05 - 11/30/05 30 5.39961% 606,052.48 2,727.04 0.00
B-5 11/01/05 - 11/30/05 30 5.39961% 304,019.77 1,367.99 0.00
B-6 11/01/05 - 11/30/05 30 5.39961% 454,895.41 2,046.88 0.00
Totals 1,368,038.44 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>
1-A-1 0.00 0.00 106,984.17 0.00 23,342,000.00
1-A-2 0.00 0.00 84,248.52 0.00 19,172,125.76
1-A-3 0.00 0.00 96,250.00 0.00 21,000,000.00
1-A-4 0.00 0.00 15,044.38 0.00 2,396,515.72
1-A-5 0.00 0.00 680,828.72 0.00 147,921,148.00
1-A-6 0.00 0.00 66,398.75 0.00 14,487,000.00
1-A-7 0.00 0.00 4,583.33 0.00 1,000,000.00
1-A-R 0.00 0.00 0.02 0.00 0.00
2-A-1 0.00 0.00 78,965.55 0.00 18,738,656.19
2-A-2 0.00 0.00 4,153.59 0.00 985,653.32
2-A-3 0.00 0.00 153,651.17 0.00 36,461,677.21
A-PO 0.00 0.00 0.00 0.00 1,407,849.78
30-IO 0.00 0.00 33,190.60 0.00 7,233,021.69
15-IO 0.00 0.00 10,305.01 0.00 2,414,535.20
B-1 0.00 0.00 17,059.64 0.00 3,784,966.93
B-2 0.00 0.00 6,138.07 0.00 1,361,834.27
B-3 0.00 0.00 4,095.03 0.00 908,550.76
B-4 0.00 0.00 2,727.04 0.00 605,039.26
B-5 0.00 0.00 1,367.99 0.00 303,511.50
B-6 0.00 0.00 2,046.88 0.00 454,134.90
Totals 0.00 0.00 1,368,038.46 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>
1-A-1 11/01/05 - 11/30/05 23,342,000.00 5.50000% 1000.000000 4.583333 0.000000
1-A-2 11/01/05 - 11/30/05 20,000,000.00 5.25000% 962.840175 4.212426 0.000000
1-A-3 11/01/05 - 11/30/05 21,000,000.00 5.50000% 1000.000000 4.583333 0.000000
1-A-4 11/01/05 - 11/30/05 2,500,000.00 7.50000% 962.840176 6.017752 0.000000
1-A-5 11/01/05 - 11/30/05 154,015,000.00 5.50000% 964.480392 4.420535 0.000000
1-A-6 11/01/05 - 11/30/05 14,487,000.00 5.50000% 1000.000000 4.583333 0.000000
1-A-7 11/01/05 - 11/30/05 1,000,000.00 5.50000% 1000.000000 4.583330 0.000000
1-A-R N/A 100.00 5.50000% 0.000000 0.000000 0.000000
2-A-1 11/01/05 - 11/30/05 20,000,000.00 5.00000% 947.586645 3.948277 0.000000
2-A-2 11/01/05 - 11/30/05 1,052,000.00 5.00000% 947.586644 3.948279 0.000000
2-A-3 11/01/05 - 11/30/05 38,916,000.00 5.00000% 947.586645 3.948278 0.000000
A-PO N/A 1,434,030.13 0.00000% 991.344150 0.000000 0.000000
30-IO 11/01/05 - 11/30/05 0.00 5.50000% 957.701475 4.389465 0.000000
15-IO 11/01/05 - 11/30/05 0.00 5.00000% 941.902563 3.924592 0.000000
B-1 11/01/05 - 11/30/05 3,816,000.00 5.39961% 993.528661 4.470556 0.000000
B-2 11/01/05 - 11/30/05 1,373,000.00 5.39961% 993.528660 4.470554 0.000000
B-3 11/01/05 - 11/30/05 916,000.00 5.39961% 993.528657 4.470557 0.000000
B-4 11/01/05 - 11/30/05 610,000.00 5.39961% 993.528656 4.470557 0.000000
B-5 11/01/05 - 11/30/05 306,000.00 5.39961% 993.528660 4.470556 0.000000
B-6 11/01/05 - 11/30/05 457,858.37 5.39961% 993.528654 4.470553 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>
1-A-1 0.000000 0.000000 4.583333 0.000000 1000.000000
1-A-2 0.000000 0.000000 4.212426 0.000000 958.606288
1-A-3 0.000000 0.000000 4.583333 0.000000 1000.000000
1-A-4 0.000000 0.000000 6.017752 0.000000 958.606288
1-A-5 0.000000 0.000000 4.420535 0.000000 960.433386
1-A-6 0.000000 0.000000 4.583333 0.000000 1000.000000
1-A-7 0.000000 0.000000 4.583330 0.000000 1000.000000
1-A-R 0.000000 0.000000 0.200000 0.000000 0.000000
2-A-1 0.000000 0.000000 3.948277 0.000000 936.932810
2-A-2 0.000000 0.000000 3.948279 0.000000 936.932814
2-A-3 0.000000 0.000000 3.948278 0.000000 936.932809
A-PO 0.000000 0.000000 0.000000 0.000000 981.743515
30-IO 0.000000 0.000000 4.389465 0.000000 956.568848
15-IO 0.000000 0.000000 3.924592 0.000000 919.559151
B-1 0.000000 0.000000 4.470556 0.000000 991.867644
B-2 0.000000 0.000000 4.470554 0.000000 991.867640
B-3 0.000000 0.000000 4.470557 0.000000 991.867642
B-4 0.000000 0.000000 4.470557 0.000000 991.867639
B-5 0.000000 0.000000 4.470556 0.000000 991.867647
B-6 0.000000 0.000000 4.470553 0.000000 991.867638
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All Classes are Per $1000 Denomination
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
30-PO 0.00000% 0.00 0.00 1,101,418.81 1,089,499.96 98.32097992%
15-PO 0.00000% 0.00 0.00 320,198.57 318,349.83 97.67583547%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 2,814,888.70
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 2,814,888.70
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 0.00
Total Administration Fees 63,208.93
Payment of Interest and Principal 2,751,679.77
Total Withdrawals (Pool Distribution Amount) 2,814,888.70
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* 61,607.14
Trustee Fee - Wells Fargo Bank, N.A. 1,601.79
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 63,208.93
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.807960%
Weighted Average Pass-Through Rate 5.551460%
Weighted Average Remaining Term 316
Beginning Scheduled Collateral Loan Count 595
Number Of Loans Paid In Full 2
Ending Scheduled Collateral Loan Count 593
Beginning Scheduled Collateral Balance 295,714,304.90
Ending Scheduled Collateral Balance 294,330,663.60
Ending Actual Collateral Balance at 30-Nov-2005 294,731,028.50
Monthly P&I Constant 1,923,628.72
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
Class A Non-PO Optimal Amount 2,678,287.40
Class AP Deferred Amount 0.00
Scheduled Principal 492,381.33
Unscheduled Principal 891,259.97
Group Level Collateral Statement
<s> <c> <c>
Group 1-30 Year Fixed 2-15 Year Fixed Total
Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.898947 5.440087 5.807960
Weighted Average Net Rate 5.648947 5.190087 5.557960
Weighted Average Remaining Term 351 175 316
Beginning Loan Count 477 118 595
Loans Paid In Full 1 1 2
Ending Loan Count 476 117 593
Beginning Scheduled Balance 237,077,340.65 58,636,964.25 295,714,304.90
Ending Scheduled Balance 236,340,281.90 57,990,381.70 294,330,663.60
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 1,428,090.16 495,538.56 1,923,628.72
Scheduled Principal 262,667.94 229,713.39 492,381.33
Unscheduled Principal 474,390.81 416,869.16 891,259.97
Scheduled Interest 1,165,422.22 265,825.17 1,431,247.39
Servicing Fee 49,391.11 12,216.03 61,607.14
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 1,284.17 317.62 1,601.79
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 1,114,746.94 253,291.52 1,368,038.46
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalty Waived Amount 0.00 0.00 0.00
Prepayment Penalty Waived Count 0 0 0
Prepayment Penalty Paid Amount 0.00 0.00 0.00
Prepayment Penalty Paid Count 0 0 0
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 5.642447 5.183587 5.551460
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Senior % 97.475146%
Subordinate % 2.524854%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1-30 Year Fixed
CPR 2.377550%
Subordinate % 2.516600%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.483400%
2-15 Year Fixed
CPR 8.236404%
Subordinate % 2.558252%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.441748%
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 1 0 0 0 1
1,365,005.58 0.00 0.00 0.00 1,365,005.58
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
1,365,005.58 0.00 0.00 0.00 1,365,005.58
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.168634% 0.000000% 0.000000% 0.000000% 0.168634%
0.463136% 0.000000% 0.000000% 0.000000% 0.463136%
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 0.168634% 0.000000% 0.000000% 0.000000% 0.168634%
0.463136% 0.000000% 0.000000% 0.000000% 0.463136%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 8,375.23
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
1-30 Year Fixed
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
1,365,005.58 0.00 0.00 0.00 1,365,005.58
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
1,365,005.58 0.00 0.00 0.00 1,365,005.58
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.210084% 0.000000% 0.000000% 0.000000% 0.210084%
0.577026% 0.000000% 0.000000% 0.000000% 0.577026%
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 0.210084% 0.000000% 0.000000% 0.000000% 0.210084%
0.577026% 0.000000% 0.000000% 0.000000% 0.577026%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
2-15 Year Fixed
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1-30 Year Fixed 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.
2-15 Year Fixed 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.
1-30 Year Fixed 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.
2-15 Year Fixed 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.
1-30 Year Fixed 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.
2-15 Year Fixed 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>
1-30 Year Fixed 0 0.00 0.00 0.000%
2-15 Year Fixed 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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.
1-30 Year Fixed
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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.
2-15 Year Fixed
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A 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>
1-30 Year Fixed 1 440,000.00 436,660.60 0 0.00 0.00
2-15 Year Fixed 1 400,500.00 393,472.13 0 0.00 0.00
Total 2 840,500.00 830,132.73 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>
1-30 Year Fixed 0 0.00 0.00 0 0.00 0.00 38,216.25
2-15 Year Fixed 0 0.00 0.00 0 0.00 0.00 24,823.32
Total 0 0.00 0.00 0 0.00 0.00 63,039.57
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>
1-30 Year Fixed 6575617649 CA 71.54 01-May-2005 440,000.00 436,174.56
2-15 Year Fixed 3301843672 NV 90.00 01-Jul-2005 400,500.00 392,045.84
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>
1-30 Year Fixed 6575617649 Loan Paid in Full 0 5.625% 360 7
2-15 Year Fixed 3301843672 Loan Paid in Full 0 5.875% 180 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.302% Current Month 3.563% Current Month 365.991%
3 Month Average 0.428% 3 Month Average 4.999% 3 Month Average 665.820%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 7.184% N/A Aug-2005 4,138.132% N/A
Sep-2005 10.353% N/A Sep-2005 2,766.073% N/A
Oct-2005 3.441% N/A Oct-2005 599.163% N/A
Nov-2005 7.992% N/A Nov-2005 1,032.305% N/A
Dec-2005 3.563% N/A Dec-2005 365.991% 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.
1-30 Year Fixed
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.200% Current Month 2.378% Current Month 240.279%
3 Month Average 0.405% 3 Month Average 4.725% 3 Month Average 637.033%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 5.492% N/A Aug-2005 2,899.088% N/A
Sep-2005 8.296% N/A Sep-2005 2,125.859% N/A
Oct-2005 4.151% N/A Oct-2005 703.276% N/A
Nov-2005 7.646% N/A Nov-2005 967.543% N/A
Dec-2005 2.378% N/A Dec-2005 240.279% 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.
2-15 Year Fixed
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.714% Current Month 8.236% Current Month 906.417%
3 Month Average 0.525% 3 Month Average 6.046% 3 Month Average 777.054%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 13.596% N/A Aug-2005 12,294.021% N/A
Sep-2005 18.144% N/A Sep-2005 5,852.751% N/A
Oct-2005 0.524% N/A Oct-2005 102.713% N/A
Nov-2005 9.377% N/A Nov-2005 1,322.032% N/A
Dec-2005 8.236% N/A Dec-2005 906.417% 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