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 28, 2005
FBR SECURITIZATION TRUST
Mortgage-Backed Callable Certificates, Series 2005-1
(Exact name of registrant as specified in its charter)
New York (governing law of 333-122578-04
Pooling and Servicing Agreement) (Commission N/A
(State or other File Number) IRS EIN
jurisdiction
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 28, 2005 a distribution was made to holders of FBR SECURITIZATION
TRUST, Mortgage-Backed Callable Certificates, Series 2005-1 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage-Backed Callable Certificates,
Series 2005-1 Trust, relating to the
December 28, 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.
FBR SECURITIZATION TRUST
Mortgage-Backed Callable Certificates, Series 2005-1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 12/29/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage-Backed Callable Certificates, Series 2005-1
Trust, relating to the December 28, 2005 distribution
.
EX-99.1
Friedman, Billings, Ramsey & Co., Inc.
Mortgage-Backed Callable Certificates
Record Date: 11/30/2005
Distribution Date: 12/28/2005
Friedman, Billings, Ramsey & Co., Inc.
Mortgage-Backed Callable Certificates
Series 2005-1
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>
A-1 30246QAA1 4.43125% 481,976,203.52 1,779,797.54
A-2 30246QAB9 4.43125% 532,101,128.32 1,964,894.27
OWNER FBR05001O 0.00000% 0.00 3,190,026.18
SERVFEE FBR05001S 0.29000% 0.00 253,226.84
Totals 1,014,077,331.84 7,187,944.83
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
A-1 15,129,693.16 0.00 466,846,510.36 16,909,490.70 0.00
A-2 18,126,453.42 0.00 513,974,674.90 20,091,347.69 0.00
OWNER 0.00 0.00 0.00 3,190,026.18 0.00
SERVFEE 0.00 0.00 0.00 253,226.84 0.00
Totals 33,256,146.58 0.00 980,821,185.26 40,444,091.41 0.00
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>
A-1 537,920,000.00 481,976,203.52 0.00 15,129,693.16 0.00 0.00
A-2 592,370,000.00 532,101,128.32 0.00 18,126,453.42 0.00 0.00
OWNER 0.00 0.00 0.00 0.00 0.00 0.00
SERVFEE 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,130,290,000.00 1,014,077,331.84 0.00 33,256,146.58 0.00 0.00
Principal Distribution Statement (continued)
Class Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
A-1 15,129,693.16 466,846,510.36 0.867873 15,129,693.16
A-2 18,126,453.42 513,974,674.90 0.867658 18,126,453.42
OWNER 0.00 0.00 0.000000 0.00
SERVFEE 0.00 0.00 0.000000 0.00
Totals 33,256,146.58 980,821,185.26 0.867761 33,256,146.58
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
A-1 537,920,000.00 895.999783 0.000000 28.126289 0.000000
A-2 592,370,000.00 898.258062 0.000000 30.599884 0.000000
OWNER 0.00 0.000000 0.000000 0.000000 0.000000
SERVFEE 0.00 0.000000 0.000000 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>
A-1 0.000000 28.126289 867.873495 0.867873 28.126289
A-2 0.000000 30.599884 867.658178 0.867658 30.599884
OWNER 0.000000 0.000000 0.000000 0.000000 0.000000
SERVFEE 0.000000 0.000000 0.000000 0.000000 0.000000
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>
A-1 11/28/05 - 12/27/05 30 4.43125% 481,976,203.52 1,779,797.54 0.00
A-2 11/28/05 - 12/27/05 30 4.43125% 532,101,128.32 1,964,894.27 0.00
OWNER N/A N/A 0.00000% 1,047,835,185.45 0.00 0.00
SERVFEE 11/01/05 - 11/30/05 30 0.29000% 1,047,835,185.45 253,226.84 0.00
Totals 3,997,918.65 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>
A-1 0.00 0.00 1,779,797.54 0.00 466,846,510.36
A-2 0.00 0.00 1,964,894.27 0.00 513,974,674.90
OWNER 0.00 0.00 3,190,026.18 0.00 1,014,579,038.87
SERVFEE 0.00 0.00 253,226.84 0.00 1,014,579,038.87
Totals 0.00 0.00 7,187,944.83 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>
A-1 11/28/05 - 12/27/05 537,920,000.00 4.43125% 895.999783 3.308666 0.000000
A-2 11/28/05 - 12/27/05 592,370,000.00 4.43125% 898.258062 3.317005 0.000000
OWNER N/A 0.00 0.00000% 900.152620 0.000000 0.000000
SERVFEE 11/01/05 - 11/30/05 0.00 0.29000% 900.152620 0.217537 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>
A-1 0.000000 0.000000 3.308666 0.000000 867.873495
A-2 0.000000 0.000000 3.317005 0.000000 867.658178
OWNER 0.000000 0.000000 2.740422 0.000000 871.583616
SERVFEE 0.000000 0.000000 0.217537 0.000000 871.583616
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
Per $1 denomination.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 39,079,844.43
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 1,038,151.99
Realized Loss (Gains, Subsequent Expenses & Recoveries) (80.25)
Prepayment Penalties 1,134,901.56
Swap/Cap Payments 0.00
Total Deposits 41,252,817.73
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 371,316.45
Total Administration Fees 437,409.87
Payment of Interest and Principal 40,444,091.41
Total Withdrawals (Pool Distribution Amount) 41,252,817.73
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* 183,371.16
FSA Fee 238,757.78
Murrayhill Company 10,914.95
Wells Fargo Bank, NA 4,365.98
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 437,409.87
<FN>
*Servicer Payees include: CHASE HOME FINANCE LLC
</FN>
OTHER ACCOUNTS
Account Name Funds In (A) Funds Out(B) Net Amount(A - B)
<s> <c> <c> <c>
Financial Guaranty 0.00 0.00 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.434561%
Weighted Average Net Coupon 7.224561%
Weighted Average Pass-Through Rate 6.932147%
Weighted Average Remaining Term 351
Beginning Scheduled Collateral Loan Count 5,440
Number Of Loans Paid In Full 140
Ending Scheduled Collateral Loan Count 5,300
Beginning Scheduled Collateral Balance 1,047,835,185.45
Ending Scheduled Collateral Balance 1,014,579,038.87
Ending Actual Collateral Balance at 30-Nov-2005 1,015,345,745.16
Monthly P&I Constant 7,164,125.69
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 1,134,901.56
Prepayment Penalty Paid Count Not Available
Realized Loss Amount 80.25
Cumulative Realized Loss 80.25
Scheduled Principal 672,297.24
Unscheduled Principal 32,583,849.34
Group Level Collateral Statement
<s> <c> <c>
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 7.341088 7.648728 7.188716
Weighted Average Net Rate 7.131088 7.438728 6.978716
Weighted Average Remaining Term 337 353 344
Beginning Loan Count 451 2,667 613
Loans Paid In Full 4 73 7
Ending Loan Count 447 2,594 606
Beginning Scheduled Balance 62,321,063.78 435,720,969.10 93,448,474.42
Ending Scheduled Balance 61,507,171.62 421,405,168.10 92,191,908.15
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 443,514.03 3,057,731.87 640,761.76
Scheduled Principal 62,260.36 280,472.46 80,949.61
Unscheduled Principal 751,631.80 14,035,328.54 1,175,616.66
Scheduled Interest 381,253.67 2,777,259.41 559,812.15
Servicing Fee 10,906.19 76,251.17 16,353.48
Master Servicing Fee 259.67 1,815.50 389.37
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 649.18 4,538.76 973.42
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 369,438.63 2,694,653.98 542,095.88
Realized Loss Amount 0.00 7.75 0.00
Cumulative Realized Loss 0.00 7.75 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 Not Available Not Available Not Available
Prepayment Penalty Paid Count Not Available Not Available Not Available
Special Servicing Fee 0.00 0.00 0.00
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.293180 7.434561
Weighted Average Net Rate 7.083180 7.224561
Weighted Average Remaining Term 353 351
Beginning Loan Count 1,709 5,440
Loans Paid In Full 56 140
Ending Loan Count 1,653 5,300
Beginning Scheduled Balance 456,344,678.15 1,047,835,185.45
Ending scheduled Balance 439,474,791.00 1,014,579,038.87
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 3,022,118.03 7,164,125.69
Scheduled Principal 248,614.81 672,297.24
Unscheduled Principal 16,621,272.34 32,583,849.34
Scheduled Interest 2,773,503.22 6,491,828.45
Servicing Fee 79,860.32 183,371.16
Master Servicing Fee 1,901.44 4,365.98
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 4,753.59 10,914.95
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 2,686,987.87 6,293,176.36
Realized Loss Amount 72.50 80.25
Cumulative Realized Loss 72.50 80.25
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 Not Available 1134901.56
Prepayment Penalty Paid Count Not Available Not Available
Special Servicing Fee 0.00 0.00
0.000000 6.932147
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Current LIBOR Rate Used 4.19125%
Next Month's LIBOR Rate 4.38000%
Soldier/Sailor 0.00
Misc Adj (1,295.70)
Class A1 FSA Fee 24,468.39
Class A2 FSA Fee 27,034.77
Class M1 FSA Fee 29,059.42
Class M2 FSA Fee 17,764.63
Class M3 FSA Fee 10,213.13
Class M4 FSA Fee 11,120.00
Class M5 FSA Fee 11,760.00
Class M6 FSA Fee 11,035.79
Class B1 FSA Fee 15,949.54
Class B2 FSA Fee 16,334.75
Class B3 FSA Fee 19,501.08
Class B4 FSA Fee 44,516.29
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
Group 1
OC Target Amount 16,065,829.36
OC Amount 16,065,829.36
Excess Cash Amount 1,049,161.30
Extra Principal Amount 0.00
OC Release Amount 0.00
OC Deficiency Amount 0.00
OC Increase Amount 0.00
Group 2
OC Target Amount 17,692,024.25
OC Amount 17,692,024.25
Excess Cash Amount 1,006,043.57
Extra Principal Amount 0.00
OC Release Amount 0.00
OC Deficiency Amount 0.00
OC Increase Amount 0.00
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 48 0 0 48
5,928,870.41 0.00 0.00 5,928,870.41
30 Days 142 3 1 0 146
26,429,565.74 324,474.25 457,553.44 0.00 27,211,593.43
60 Days 52 5 6 0 63
8,900,878.63 635,301.09 849,342.38 0.00 10,385,522.10
90 Days 13 6 22 0 41
2,535,693.35 978,256.24 4,255,246.63 0.00 7,769,196.22
120 Days 5 1 25 3 34
1,294,570.45 239,549.33 5,271,655.64 427,560.03 7,233,335.45
150 Days 1 2 21 2 26
200,000.00 376,634.17 4,661,708.02 505,897.76 5,744,239.95
180+ Days 2 2 19 4 27
190,930.18 440,344.61 5,702,634.12 508,253.81 6,842,162.72
Totals 215 67 94 9 385
39,551,638.35 8,923,430.10 21,198,140.23 1,441,711.60 71,114,920.28
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 0.905660% 0.000000% 0.000000% 0.905660%
0.583926% 0.000000% 0.000000% 0.583926%
30 Days 2.679245% 0.056604% 0.018868% 0.000000% 2.754717%
2.603011% 0.031957% 0.045064% 0.000000% 2.680032%
60 Days 0.981132% 0.094340% 0.113208% 0.000000% 1.188679%
0.876635% 0.062570% 0.083651% 0.000000% 1.022856%
90 Days 0.245283% 0.113208% 0.415094% 0.000000% 0.773585%
0.249737% 0.096347% 0.419093% 0.000000% 0.765177%
120 Days 0.094340% 0.018868% 0.471698% 0.056604% 0.641509%
0.127500% 0.023593% 0.519198% 0.042110% 0.712401%
150 Days 0.018868% 0.037736% 0.396226% 0.037736% 0.490566%
0.019698% 0.037094% 0.459125% 0.049825% 0.565742%
180+ Days 0.037736% 0.037736% 0.358491% 0.075472% 0.509434%
0.018804% 0.043369% 0.561645% 0.050057% 0.673875%
Totals 4.056604% 1.264151% 1.773585% 0.169811% 7.264151%
3.895386% 0.878856% 2.087776% 0.141992% 7.004010%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,038,151.99
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c>
Class OWNER 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.
</FN>
180+ Delinquency Summary
Summary
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
180 - 209 27 6,842,162.72 0.674
Total 27 6,842,162.72 0.674
<FN>
This report includes all loans greater than 180 days delinquent
regardless of status (REO, Foreclosure, Bankruptcy).
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 4 Jan-05 0.000%
Original Principal Balance 720,150.00 Feb-05 0.000%
Current Principal Balance 719,166.07 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 9 Jun-05 0.000%
Original Principal Balance 1,442,970.00 Jul-05 0.000%
Current Principal Balance 1,441,711.60 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.069%
Dec-05 0.142%
*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>
Group 2 0502018254 Dec-2005 01-Apr-2005 MI 95.00 137,750.00
Group 2 0502028843 Nov-2005 01-Apr-2005 TN 90.00 63,000.00
Group 2 0503077832 Nov-2005 01-May-2005 GA 80.00 115,120.00
Group 2 0503115693 Nov-2005 01-May-2005 MO 90.00 150,300.00
Group 2 0503243733 Dec-2005 01-May-2005 MI 80.00 218,400.00
Group 4 0501259880 Nov-2005 01-Apr-2005 GA 80.00 180,000.00
Group 4 0501273218 Dec-2005 01-Apr-2005 GA 80.00 292,000.00
Group 4 0503103940 Nov-2005 01-May-2005 MI 80.00 214,400.00
Group 4 0504112078 Dec-2005 01-Jun-2005 MI 80.00 72,000.00
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>
Group 2 0502018254 137,517.74 01-Jun-2005 4 8.899% 4,970.10
Group 2 0502028843 62,967.40 01-Apr-2005 6 9.259% 2,367.84
Group 2 0503077832 115,120.00 01-Apr-2005 6 7.875% 3,663.79
Group 2 0503115693 150,300.00 01-Apr-2005 6 8.599% 5,237.76
Group 2 0503243733 218,090.70 01-Jun-2005 4 7.750% 6,836.83
Group 4 0501259880 179,866.41 01-Apr-2005 6 7.500% 5,442.73
Group 4 0501273218 291,606.04 01-May-2005 5 7.990% 9,426.80
Group 4 0503103940 214,291.72 01-May-2005 5 9.375% 8,166.38
Group 4 0504112078 71,951.59 01-Jun-2005 4 7.990% 2,327.65
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 41 Jan-05 0.000%
Original Principal Balance 7,810,701.00 Feb-05 0.000%
Current Principal Balance 7,796,209.69 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 94 Jun-05 0.000%
Original Principal Balance 21,225,733.00 Jul-05 0.000%
Current Principal Balance 21,198,140.23 Aug-05 0.000%
Sep-05 0.502%
Oct-05 1.219%
Nov-05 1.494%
Dec-05 2.088%
*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>
Group 1 0501136012 Dec-2005 01-Apr-2005 NY 85.00 178,500.00
Group 1 0501248431 Oct-2005 01-Apr-2005 NY 81.63 200,000.00
Group 1 0501284207 Dec-2005 01-Apr-2005 VA 61.36 135,000.00
Group 1 0504158316 Dec-2005 01-Jun-2005 MD 85.00 170,000.00
Group 2 0410292774 Oct-2005 01-Jan-2005 OH 90.00 121,500.00
Group 2 0411084208 Dec-2005 01-Feb-2005 NY 65.00 162,500.00
Group 2 0412033917 Dec-2005 01-Feb-2005 TN 77.20 105,000.00
Group 2 0412289199 Dec-2005 01-Mar-2005 VA 90.00 118,800.00
Group 2 0501216692 Dec-2005 01-May-2005 MD 80.00 200,000.00
Group 2 0501247336 Oct-2005 01-Apr-2005 WI 85.00 153,000.00
Group 2 0501250465 Sep-2005 01-Apr-2005 NV 85.00 357,000.00
Group 2 0501259819 Nov-2005 01-Apr-2005 WV 70.00 91,700.00
Group 2 0501259892 Dec-2005 01-Apr-2005 PA 85.00 130,900.00
Group 2 0501260916 Dec-2005 01-Apr-2005 IL 90.00 135,000.00
Group 2 0501315695 Nov-2005 01-Apr-2005 MI 85.00 221,000.00
Group 2 0501315764 Sep-2005 01-Apr-2005 PA 80.00 93,600.00
Group 2 0501315813 Nov-2005 01-Apr-2005 IN 80.00 125,600.00
Group 2 0502018470 Sep-2005 01-Apr-2005 CA 74.16 267,000.00
Group 2 0502030565 Oct-2005 01-Apr-2005 NY 90.00 270,000.00
Group 2 0502042160 Oct-2005 01-May-2005 NJ 80.00 200,000.00
Group 2 0502086135 Dec-2005 01-May-2005 CO 85.00 267,750.00
Group 2 0502111566 Oct-2005 01-May-2005 CA 59.47 113,000.00
Group 2 0502112535 Dec-2005 01-May-2005 ND 80.00 145,600.00
Group 2 0502178407 Dec-2005 01-Apr-2005 MO 100.00 96,000.00
Group 2 0502221885 Oct-2005 01-Apr-2005 IN 85.00 94,962.00
Group 2 0502222489 Dec-2005 01-May-2005 CA 90.00 171,000.00
Group 2 0502257420 Sep-2005 01-May-2005 IL 80.00 197,600.00
Group 2 0502258037 Oct-2005 01-May-2005 IL 88.31 94,500.00
Group 2 0502288944 Dec-2005 01-May-2005 RI 65.00 186,550.00
Group 2 0503011222 Sep-2005 01-May-2005 NY 85.00 450,500.00
Group 2 0503034537 Oct-2005 01-May-2005 DE 85.00 68,000.00
Group 2 0503035863 Dec-2005 01-May-2005 MI 78.08 55,051.00
Group 2 0503077983 Nov-2005 01-May-2005 IN 80.00 136,000.00
Group 2 0503079495 Sep-2005 01-May-2005 CA 85.00 327,250.00
Group 2 0503080927 Dec-2005 01-May-2005 MD 57.00 133,950.00
Group 2 0503116684 Dec-2005 01-May-2005 AZ 80.00 81,600.00
Group 2 0503146979 Dec-2005 01-May-2005 SC 85.00 82,450.00
Group 2 0503159197 Dec-2005 01-Jun-2005 CT 80.00 256,000.00
Group 2 0503217118 Nov-2005 01-May-2005 NJ 100.00 270,000.00
Group 2 0503229200 Dec-2005 01-Jun-2005 AZ 60.00 167,400.00
Group 2 0503242566 Dec-2005 01-May-2005 TN 80.00 196,000.00
Group 2 0503255341 Nov-2005 01-Jun-2005 IL 85.00 250,750.00
Group 2 0503309143 Nov-2005 01-May-2005 KY 100.00 112,000.00
Group 2 0504089839 Dec-2005 01-Jun-2005 MD 90.00 261,000.00
Group 2 0504123534 Nov-2005 01-Jun-2005 MO 85.00 115,600.00
Group 2 0504134641 Dec-2005 01-Jun-2005 IL 82.89 157,500.00
Group 2 0504191601 Nov-2005 01-Jun-2005 IL 80.00 253,600.00
Group 3 0412202988 Dec-2005 01-Mar-2005 FL 78.39 127,000.00
Group 3 0501101308 Nov-2005 01-May-2005 FL 84.73 95,750.00
Group 3 0501203934 Nov-2005 01-Apr-2005 NY 80.00 340,800.00
Group 3 0502221825 Oct-2005 01-Apr-2005 OH 100.00 116,000.00
Group 3 0502246756 Sep-2005 01-May-2005 OK 84.21 80,000.00
Group 4 0411096146 Dec-2005 01-May-2005 GA 80.00 128,000.00
Group 4 0411191055 Sep-2005 01-Apr-2005 CA 70.00 560,000.00
Group 4 0412133960 Oct-2005 01-Feb-2005 UT 75.00 525,000.00
Group 4 0412171120 Sep-2005 01-Apr-2005 PA 85.00 233,750.00
Group 4 0501078507 Oct-2005 01-Apr-2005 FL 85.00 153,000.00
Group 4 0501136122 Dec-2005 01-Apr-2005 OK 90.00 34,200.00
Group 4 0501215556 Oct-2005 01-Apr-2005 OR 80.00 428,000.00
Group 4 0501259095 Nov-2005 01-Mar-2005 NJ 95.00 370,500.00
Group 4 0501259501 Dec-2005 01-Apr-2005 AR 90.00 154,710.00
Group 4 0501260696 Dec-2005 01-Apr-2005 NY 77.67 400,000.00
Group 4 0501272301 Dec-2005 01-Apr-2005 NY 100.00 325,000.00
Group 4 0501272981 Oct-2005 01-Apr-2005 CA 80.00 164,000.00
Group 4 0502017014 Oct-2005 01-Mar-2005 KY 85.00 80,750.00
Group 4 0502041983 Nov-2005 01-Apr-2005 OH 90.00 99,000.00
Group 4 0502042246 Dec-2005 01-Apr-2005 CA 90.00 414,000.00
Group 4 0502073884 Sep-2005 01-Apr-2005 NJ 80.00 232,000.00
Group 4 0502085779 Dec-2005 01-Apr-2005 IL 80.00 170,400.00
Group 4 0502098933 Dec-2005 01-Apr-2005 TX 80.00 255,920.00
Group 4 0502109304 Sep-2005 01-Apr-2005 NY 80.00 480,000.00
Group 4 0502154687 Nov-2005 01-Apr-2005 TN 80.00 143,920.00
Group 4 0502167595 Sep-2005 01-May-2005 CA 75.00 615,000.00
Group 4 0502178540 Dec-2005 01-May-2005 OH 80.00 92,000.00
Group 4 0502181662 Dec-2005 01-May-2005 CO 80.00 261,420.00
Group 4 0502223138 Nov-2005 01-Apr-2005 GA 80.00 256,000.00
Group 4 0502245765 Dec-2005 01-Jun-2005 NJ 90.00 283,500.00
Group 4 0502245984 Dec-2005 01-May-2005 CO 80.00 146,800.00
Group 4 0502280361 Oct-2005 01-May-2005 CA 80.00 263,600.00
Group 4 0502289020 Nov-2005 01-Apr-2005 GA 80.00 240,800.00
Group 4 0503012254 Nov-2005 01-May-2005 NY 80.00 412,000.00
Group 4 0503046525 Oct-2005 01-May-2005 CA 80.00 139,200.00
Group 4 0503046667 Nov-2005 01-May-2005 CA 90.00 459,000.00
Group 4 0503046859 Dec-2005 01-May-2005 PA 80.00 264,000.00
Group 4 0503079313 Oct-2005 01-May-2005 NY 80.00 480,000.00
Group 4 0503080111 Sep-2005 01-May-2005 NH 80.00 222,400.00
Group 4 0503089772 Nov-2005 01-May-2005 NY 80.00 372,000.00
Group 4 0503103819 Oct-2005 01-May-2005 NY 80.00 352,000.00
Group 4 0503104006 Dec-2005 01-May-2005 ME 80.00 488,000.00
Group 4 0503104263 Oct-2005 01-May-2005 CA 80.00 487,200.00
Group 4 0503243235 Dec-2005 01-Jun-2005 GA 80.00 196,000.00
Group 4 0503254699 Dec-2005 01-May-2005 CA 80.00 388,000.00
Group 4 0503286602 Nov-2005 01-Jun-2005 IL 80.00 429,200.00
Group 4 0504190828 Dec-2005 01-Jun-2005 OH 90.00 88,200.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
Group 1 0501136012 178,051.54 01-Jul-2005 3 8.375% 6,049.64
Group 1 0501248431 199,737.45 01-May-2005 5 8.125% 6,569.48
Group 1 0501284207 134,539.78 01-Aug-2005 2 9.500% 4,162.98
Group 1 0504158316 169,770.21 01-Jul-2005 3 8.999% 6,210.16
Group 2 0410292774 121,127.39 01-May-2005 5 8.509% 4,177.82
Group 2 0411084208 162,072.43 01-Jul-2005 3 10.500% 6,942.94
Group 2 0412033917 104,786.76 01-Apr-2005 6 7.990% 3,385.00
Group 2 0412289199 118,593.42 01-May-2005 5 8.750% 4,209.87
Group 2 0501216692 199,385.59 01-Aug-2005 2 7.375% 4,756.38
Group 2 0501247336 152,737.68 01-May-2005 5 6.950% 4,274.85
Group 2 0501250465 356,759.96 01-Apr-2005 6 7.990% 11,525.22
Group 2 0501259819 91,556.26 01-Jun-2005 4 9.250% 3,443.05
Group 2 0501259892 130,732.48 01-May-2005 5 8.250% 4,368.06
Group 2 0501260916 134,725.85 01-Jun-2005 4 7.990% 4,358.29
Group 2 0501315695 220,603.63 01-Jun-2005 4 8.599% 7,696.84
Group 2 0501315764 93,537.06 01-Apr-2005 6 7.990% 3,021.75
Group 2 0501315813 125,344.95 01-Jun-2005 4 7.999% 4,059.52
Group 2 0502018470 267,000.00 01-Apr-2005 6 7.050% 7,609.50
Group 2 0502030565 269,555.19 01-May-2005 5 6.990% 7,589.35
Group 2 0502042160 199,858.84 01-May-2005 5 7.750% 6,260.84
Group 2 0502086135 267,595.94 01-May-2005 5 8.750% 9,499.59
Group 2 0502111566 112,899.38 01-Jun-2005 4 9.990% 4,594.35
Group 2 0502112535 145,393.80 01-Jun-2005 4 7.750% 4,557.89
Group 2 0502178407 95,849.54 01-Jun-2005 4 9.250% 3,604.51
Group 2 0502221885 94,857.85 01-May-2005 5 8.999% 3,465.97
Group 2 0502222489 170,770.66 01-Jul-2005 3 9.990% 6,952.54
Group 2 0502257420 197,600.00 01-Apr-2005 6 7.990% 6,383.68
Group 2 0502258037 94,426.57 01-May-2005 5 7.999% 3,056.14
Group 2 0502288944 186,162.30 01-Jul-2005 3 7.875% 5,937.14
Group 2 0503011222 450,500.00 01-Apr-2005 6 8.990% 16,434.93
Group 2 0503034537 68,000.00 01-Apr-2005 6 9.000% 2,483.60
Group 2 0503035863 54,943.44 01-Aug-2005 2 9.590% 1,716.60
Group 2 0503077983 135,805.40 01-Jun-2005 4 7.699% 4,228.41
Group 2 0503079495 327,250.00 01-Apr-2005 6 8.500% 11,268.98
Group 2 0503080927 133,653.41 01-Aug-2005 2 8.990% 3,908.26
Group 2 0503116684 81,600.00 01-Jul-2005 3 7.000% 2,308.60
Group 2 0503146979 82,402.56 01-May-2005 5 8.750% 2,925.25
Group 2 0503159197 255,704.34 01-Jul-2005 3 8.750% 9,088.09
Group 2 0503217118 270,000.00 01-Jun-2005 4 8.875% 9,748.15
Group 2 0503229200 167,216.39 01-Jul-2005 3 8.999% 6,116.76
Group 2 0503242566 195,491.77 01-Jul-2005 3 6.759% 5,325.08
Group 2 0503255341 250,577.43 01-Jun-2005 4 7.875% 7,986.02
Group 2 0503309143 111,848.88 01-Jun-2005 4 7.990% 3,618.27
Group 2 0504089839 261,000.00 01-May-2005 5 9.750% 10,355.12
Group 2 0504123534 115,429.18 01-Jul-2005 3 7.750% 3,621.17
Group 2 0504134641 157,109.65 01-Aug-2005 2 6.990% 3,546.21
Group 2 0504191601 253,422.80 01-Jun-2005 4 7.800% 7,997.44
Group 3 0412202988 126,615.63 01-Jun-2005 4 7.450% 3,810.67
Group 3 0501101308 95,615.76 01-Jun-2005 4 7.800% 3,017.36
Group 3 0501203934 340,109.41 01-Jun-2005 4 8.000% 11,016.47
Group 3 0502221825 115,843.78 01-May-2005 5 7.999% 3,749.26
Group 3 0502246756 79,999.76 01-Apr-2005 6 8.599% 2,787.90
Group 4 0411096146 127,535.40 01-Jul-2005 3 8.500% 4,401.26
Group 4 0411191055 559,660.05 01-Apr-2005 6 8.490% 19,248.29
Group 4 0412133960 523,573.89 01-May-2005 5 7.990% 16,924.98
Group 4 0412171120 233,592.84 01-Apr-2005 6 7.990% 7,546.27
Group 4 0501078507 152,903.11 01-Apr-2005 6 8.250% 5,105.53
Group 4 0501136122 34,122.83 01-Jul-2005 3 8.900% 1,234.11
Group 4 0501215556 427,577.28 01-May-2005 5 9.500% 16,517.23
Group 4 0501259095 370,142.84 01-Apr-2005 6 9.615% 14,468.93
Group 4 0501259501 154,360.99 01-Jul-2005 3 8.900% 5,582.66
Group 4 0501260696 398,887.99 01-Jul-2005 3 7.875% 12,721.29
Group 4 0501272301 324,173.51 01-Jul-2005 3 8.625% 11,352.36
Group 4 0501272981 163,743.34 01-May-2005 5 7.250% 4,787.77
Group 4 0502017014 80,572.63 01-May-2005 5 7.599% 2,473.18
Group 4 0502041983 98,840.73 01-Jun-2005 4 9.125% 3,665.44
Group 4 0502042246 413,015.54 01-Jun-2005 4 7.200% 11,999.84
Group 4 0502073884 231,832.08 01-Apr-2005 6 7.625% 7,136.17
Group 4 0502085779 169,710.51 01-Aug-2005 2 7.125% 3,906.95
Group 4 0502098933 255,538.95 01-May-2005 5 7.500% 7,738.38
Group 4 0502109304 479,669.66 01-Apr-2005 6 7.875% 15,265.56
Group 4 0502154687 143,627.74 01-Jun-2005 4 7.990% 4,646.24
Group 4 0502167595 615,000.00 01-Apr-2005 6 6.625% 16,438.41
Group 4 0502178540 91,737.52 01-Jul-2005 3 8.249% 3,068.75
Group 4 0502181662 261,419.06 01-Jul-2005 3 7.490% 7,929.70
Group 4 0502223138 255,454.43 01-Jun-2005 4 7.750% 8,008.01
Group 4 0502245765 283,322.88 01-Jun-2005 4 8.350% 9,591.04
Group 4 0502245984 146,494.90 01-Jul-2005 3 7.875% 4,672.06
Group 4 0502280361 263,394.36 01-May-2005 5 7.250% 7,701.72
Group 4 0502289020 240,249.64 01-Jun-2005 4 7.400% 7,180.64
Group 4 0503012254 412,000.00 01-Apr-2005 6 7.490% 12,450.22
Group 4 0503046525 139,012.18 01-Jun-2005 4 7.990% 4,497.01
Group 4 0503046667 457,553.44 01-Sep-2005 1 8.375% 9,333.76
Group 4 0503046859 263,529.02 01-Jul-2005 3 8.625% 9,228.75
Group 4 0503079313 480,000.00 01-Apr-2005 6 7.750% 15,026.01
Group 4 0503080111 222,400.00 01-Apr-2005 6 7.990% 7,184.88
Group 4 0503089772 371,387.16 01-Jun-2005 4 6.990% 10,465.30
Group 4 0503103819 352,000.00 01-May-2005 5 7.625% 10,875.35
Group 4 0503104006 486,879.14 01-Jul-2005 3 7.375% 14,512.64
Group 4 0503104263 486,838.42 01-May-2005 5 7.500% 14,743.04
Group 4 0503243235 195,761.18 01-Jul-2005 3 8.490% 6,744.55
Group 4 0503254699 387,476.51 01-Jun-2005 4 7.990% 12,534.77
Group 4 0503286602 428,900.11 01-Jun-2005 4 7.800% 13,535.09
Group 4 0504190828 88,076.27 01-Jul-2005 3 7.800% 2,780.65
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 11 Jan-05 0.000%
Original Principal Balance 1,276,156.00 Feb-05 0.000%
Current Principal Balance 1,270,672.48 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 67 Jun-05 0.000%
Original Principal Balance 8,963,926.60 Jul-05 0.000%
Current Principal Balance 8,923,430.10 Aug-05 0.000%
Sep-05 0.285%
Oct-05 0.408%
Nov-05 0.832%
Dec-05 0.879%
*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>
Group 1 0410050623 Dec-2005 01-Dec-2004 KY 90.00 67,500.00
Group 1 0411083994 Oct-2005 01-Feb-2005 MI 85.00 46,750.00
Group 1 0412288806 Sep-2005 01-Mar-2005 NC 90.00 121,500.00
Group 1 0501043856 Dec-2005 01-May-2005 KS 88.18 77,600.00
Group 1 0501180939 Nov-2005 01-Apr-2005 WA 70.09 75,000.00
Group 1 0501204236 Oct-2005 01-Mar-2005 NJ 100.00 72,000.00
Group 1 0501316348 Oct-2005 01-Apr-2005 NM 80.00 62,400.00
Group 1 0502018034 Dec-2005 01-Apr-2005 NM 67.09 99,300.00
Group 1 0502086030 Oct-2005 01-May-2005 MI 80.00 119,200.00
Group 1 0503116402 Sep-2005 01-May-2005 PA 89.28 75,000.00
Group 1 0503216499 Oct-2005 01-May-2005 IN 80.00 114,400.00
Group 2 0411176509 Nov-2005 01-Feb-2005 NY 90.00 124,200.00
Group 2 0412278562 Sep-2005 01-Apr-2005 TX 73.40 110,400.00
Group 2 0412288775 Sep-2005 01-Mar-2005 MI 90.00 172,800.00
Group 2 0501067612 Nov-2005 01-Apr-2005 IL 90.00 220,500.00
Group 2 0501101107 Oct-2005 01-May-2005 KY 90.00 166,500.00
Group 2 0501135770 Nov-2005 01-Mar-2005 GA 80.00 94,800.00
Group 2 0501136152 Sep-2005 01-Mar-2005 IN 100.00 91,000.00
Group 2 0501250158 Dec-2005 01-Apr-2005 MO 100.00 82,000.00
Group 2 0502017085 Dec-2005 01-Apr-2005 MI 90.00 65,700.00
Group 2 0502029282 Sep-2005 01-Apr-2005 NC 94.97 85,000.00
Group 2 0502029579 Nov-2005 01-Apr-2005 FL 100.00 135,375.00
Group 2 0502085239 Nov-2005 01-Apr-2005 GA 80.00 185,600.00
Group 2 0502222936 Dec-2005 01-May-2005 CA 80.00 172,000.00
Group 2 0502245858 Dec-2005 01-May-2005 MD 85.00 74,800.00
Group 2 0503034981 Nov-2005 01-May-2005 CO 90.00 148,500.00
Group 2 0503104021 Sep-2005 01-May-2005 GA 90.00 83,250.00
Group 2 0503147130 Nov-2005 01-May-2005 MA 80.00 413,600.00
Group 2 0503243578 Sep-2005 01-May-2005 AZ 80.00 118,400.00
Group 2 0503286281 Nov-2005 01-Jun-2005 TX 79.97 279,900.00
Group 2 0503297163 Nov-2005 01-Jun-2005 CA 85.00 195,500.00
Group 2 0504065643 Nov-2005 01-Jun-2005 TX 79.16 152,000.00
Group 2 0504189622 Dec-2005 01-Jun-2005 CA 78.58 345,000.00
Group 3 0412214062 Dec-2005 01-Feb-2005 NE 95.00 68,400.00
Group 3 0501043865 Oct-2005 01-Apr-2005 CA 80.00 79,200.00
Group 3 0501147580 Nov-2005 01-Apr-2005 NY 80.00 106,000.00
Group 3 0501203812 Nov-2005 01-Apr-2005 IL 80.00 128,000.00
Group 3 0501247953 Oct-2005 01-Mar-2005 KY 85.00 72,250.00
Group 3 0501273229 Sep-2005 01-Apr-2005 OH 90.00 81,900.00
Group 3 0501283858 Sep-2005 01-Mar-2005 IN 82.81 106,000.00
Group 3 0502017141 Sep-2005 01-May-2005 PA 80.00 100,800.00
Group 3 0502029371 Sep-2005 01-Apr-2005 GA 100.00 100,000.00
Group 3 0502143821 Sep-2005 01-Apr-2005 OK 66.66 50,000.00
Group 3 0502257768 Sep-2005 01-May-2005 IN 81.09 88,389.00
Group 3 0503022878 Sep-2005 01-May-2005 NY 80.00 84,800.00
Group 3 0503034342 Nov-2005 01-May-2005 TN 85.00 137,700.00
Group 3 0503093308 Nov-2005 01-May-2005 AZ 84.00 126,840.00
Group 3 0503184643 Sep-2005 01-May-2005 FL 53.76 50,000.00
Group 3 0504054309 Oct-2005 01-Jun-2005 FL 79.00 158,000.00
Group 4 0411164111 Nov-2005 01-Feb-2005 OK 100.00 155,000.00
Group 4 0412168906 Nov-2005 01-Apr-2005 OH 85.00 137,530.00
Group 4 0412237381 Nov-2005 01-Apr-2005 TX 80.00 127,872.00
Group 4 0501204733 Sep-2005 01-Apr-2005 NV 90.00 181,669.00
Group 4 0501204891 Sep-2005 01-Mar-2005 CA 80.00 164,000.00
Group 4 0501215805 Sep-2005 01-Apr-2005 AZ 80.00 243,609.60
Group 4 0501273337 Nov-2005 01-Mar-2005 NM 80.00 127,920.00
Group 4 0502154717 Dec-2005 01-Apr-2005 FL 80.00 94,400.00
Group 4 0502178494 Nov-2005 01-Apr-2005 GA 80.00 240,000.00
Group 4 0502181333 Nov-2005 01-Apr-2005 IN 100.00 169,000.00
Group 4 0502235105 Nov-2005 01-May-2005 NE 80.00 239,200.00
Group 4 0502288950 Nov-2005 01-Apr-2005 AL 80.00 292,000.00
Group 4 0503022575 Oct-2005 01-May-2005 OH 95.00 114,000.00
Group 4 0503162121 Nov-2005 01-May-2005 KS 85.00 107,100.00
Group 4 0503230919 Nov-2005 01-May-2005 NJ 80.00 294,256.00
Group 4 0503319626 Oct-2005 01-May-2005 OH 95.00 98,800.00
Group 4 0504054486 Dec-2005 01-Jun-2005 MO 80.00 129,456.00
Group 4 0504180259 Sep-2005 01-Jun-2005 TX 80.00 62,360.00
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>
Group 1 0410050623 66,680.69 01-Nov-2005 0 7.990% 864.95
Group 1 0411083994 46,460.47 01-Nov-2005 0 8.550% 646.00
Group 1 0412288806 120,537.03 01-Nov-2005 0 6.750% 1,314.46
Group 1 0501043856 77,471.61 01-Jul-2005 3 8.990% 2,830.98
Group 1 0501180939 74,317.97 01-Nov-2005 0 7.375% 887.86
Group 1 0501204236 71,455.18 01-Nov-2005 0 6.990% 807.80
Group 1 0501316348 62,230.50 01-Aug-2005 2 9.100% 1,842.55
Group 1 0502018034 98,818.97 01-Nov-2005 0 8.625% 1,386.37
Group 1 0502086030 118,557.38 01-Nov-2005 0 7.550% 1,450.93
Group 1 0503116402 74,553.69 01-Nov-2005 0 6.999% 843.93
Group 1 0503216499 114,090.41 01-Aug-2005 2 8.009% 2,962.88
Group 2 0411176509 123,444.74 01-Sep-2005 1 7.490% 2,244.92
Group 2 0412278562 109,417.79 01-Nov-2005 0 7.390% 1,310.35
Group 2 0412288775 171,787.17 01-Oct-2005 0 7.759% 2,160.57
Group 2 0501067612 219,902.13 01-Jul-2005 3 7.999% 7,126.81
Group 2 0501101107 165,902.51 01-Oct-2005 0 8.650% 2,332.97
Group 2 0501135770 94,118.04 01-Nov-2005 0 7.250% 1,104.78
Group 2 0501136152 90,475.29 01-Oct-2005 0 7.759% 1,137.91
Group 2 0501250158 81,788.67 01-Jul-2005 3 8.250% 2,736.31
Group 2 0502017085 65,491.31 01-Oct-2005 0 9.999% 1,068.24
Group 2 0502029282 84,666.88 01-Oct-2005 0 8.990% 1,238.60
Group 2 0502029579 134,693.02 01-Oct-2005 0 7.750% 1,692.02
Group 2 0502085239 184,848.98 01-Aug-2005 2 7.125% 4,255.46
Group 2 0502222936 171,294.46 01-Oct-2005 0 7.990% 2,220.33
Group 2 0502245858 74,475.96 01-Nov-2005 0 8.500% 1,029.34
Group 2 0503034981 148,500.00 01-Apr-2005 6 7.999% 4,803.03
Group 2 0503104021 82,923.76 01-Nov-2005 0 8.990% 1,213.80
Group 2 0503147130 412,803.10 01-Jul-2005 3 8.250% 13,810.74
Group 2 0503243578 118,159.57 01-Jul-2005 3 7.990% 3,825.04
Group 2 0503286281 278,799.43 01-Nov-2005 0 8.200% 3,713.92
Group 2 0503297163 194,956.83 01-Oct-2005 0 8.990% 2,852.05
Group 2 0504065643 151,376.49 01-Nov-2005 0 7.990% 1,963.54
Group 2 0504189622 343,622.77 01-Nov-2005 0 8.125% 4,534.50
Group 3 0412214062 68,131.16 01-Jul-2005 3 8.250% 2,279.33
Group 3 0501043865 78,763.95 01-Nov-2005 0 7.990% 1,021.68
Group 3 0501147580 105,559.59 01-Aug-2005 2 6.990% 2,382.59
Group 3 0501203812 127,101.52 01-Dec-2005 (1) 7.375% 759.51
Group 3 0501247953 71,952.51 01-Sep-2005 1 8.750% 1,535.24
Group 3 0501273229 81,445.38 01-Nov-2005 0 7.950% 1,051.03
Group 3 0501283858 105,017.77 01-Dec-2005 (1) 6.499% 550.90
Group 3 0502017141 100,320.98 01-Oct-2005 0 7.250% 1,176.62
Group 3 0502029371 99,515.63 01-Nov-2005 0 8.625% 1,396.13
Group 3 0502143821 49,685.90 01-Nov-2005 0 7.325% 589.43
Group 3 0502257768 87,946.18 01-Dec-2005 (1) 8.459% 604.95
Group 3 0503022878 84,407.65 01-Dec-2005 (1) 8.850% 608.10
Group 3 0503034342 137,620.77 01-May-2005 5 8.750% 4,885.50
Group 3 0503093308 126,317.80 01-Nov-2005 0 8.750% 1,798.46
Group 3 0503184643 48,069.93 01-Dec-2005 (1) 7.500% 293.35
Group 3 0504054309 157,188.14 01-Nov-2005 0 6.850% 1,740.31
Group 4 0411164111 154,085.55 01-Oct-2005 0 8.250% 2,064.05
Group 4 0412168906 137,027.61 01-Oct-2005 0 9.330% 2,082.25
Group 4 0412237381 126,833.63 01-Nov-2005 0 5.990% 1,222.46
Group 4 0501204733 180,796.70 01-Oct-2005 0 7.990% 2,343.49
Group 4 0501204891 162,662.16 01-Nov-2005 0 6.600% 1,733.16
Group 4 0501215805 242,237.17 01-Nov-2005 0 7.875% 3,095.70
Group 4 0501273337 127,181.01 01-Oct-2005 0 7.750% 1,597.64
Group 4 0502154717 93,819.88 01-Oct-2005 0 6.750% 1,022.18
Group 4 0502178494 239,549.33 01-Jun-2005 4 8.375% 8,133.97
Group 4 0502181333 168,571.61 01-Aug-2005 2 9.500% 5,216.07
Group 4 0502235105 239,013.40 01-May-2005 5 7.250% 6,988.80
Group 4 0502288950 291,844.61 01-Apr-2005 6 9.125% 10,811.24
Group 4 0503022575 113,367.19 01-Nov-2005 0 7.259% 1,332.41
Group 4 0503162121 106,618.57 01-Nov-2005 0 8.375% 1,451.41
Group 4 0503230919 292,690.11 01-Nov-2005 0 7.500% 3,557.61
Group 4 0503319626 98,326.40 01-Nov-2005 0 7.999% 1,276.89
Group 4 0504054486 129,077.00 01-Sep-2005 1 7.625% 2,390.99
Group 4 0504180259 62,060.51 01-Dec-2005 (1) 7.990% 402.64
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>
Total 5 0.00 80.25 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>
Group 2 0502223760 221,250.00 8.625% CA 75.00 360
Group 4 0501078316 375,200.00 7.100% FL 80.00 360
Group 4 0502246401 473,600.00 8.750% CA 80.00 360
Group 4 0503297455 320,000.00 7.490% CA 80.00 360
Group 4 0504214623 80,750.00 8.490% OH 95.00 360
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>
Group 2 0502223760 0.00 7.75 7.75
Group 4 0501078316 0.00 40.00 40.00
Group 4 0502246401 0.00 7.75 7.75
Group 4 0503297455 0.00 7.75 7.75
Group 4 0504214623 0.00 17.00 17.00
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.
<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>
Total 140 32,722,456.80 32,577,062.36 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>
Total 0 0.00 0.00 0 0.00 0.00 25,617.10
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>
Group 1 0411233089 NY 22.22 01-Apr-2005 100,000.00 99,398.09
Group 1 0502234927 CT 57.80 01-May-2005 181,511.00 180,538.06
Group 1 0504147378 WA 86.00 01-Jun-2005 227,900.00 226,398.68
Group 1 0504189660 CT 85.00 01-Jun-2005 242,250.00 241,086.82
Group 2 0410200534 NJ 90.00 01-Jan-2005 414,000.00 410,366.32
Group 2 0411164121 SC 85.00 01-Jan-2005 136,000.00 134,984.96
Group 2 0411164797 MO 100.00 01-Jan-2005 52,000.00 51,543.53
Group 2 0412021746 MD 80.00 01-Feb-2005 131,200.00 130,196.65
Group 2 0412077449 FL 85.00 01-Feb-2005 130,475.00 129,261.27
Group 2 0412102793 NJ 80.00 01-Feb-2005 300,000.00 297,705.82
Group 2 0412145626 VT 95.00 01-Mar-2005 218,500.00 217,265.06
Group 2 0412290742 IL 90.00 01-Apr-2005 108,000.00 107,271.15
Group 2 0501043340 CA 53.48 01-Apr-2005 115,000.00 113,918.76
Group 2 0501043515 CA 75.00 01-Mar-2005 165,000.00 163,742.63
Group 2 0501043565 FL 80.00 01-Mar-2005 182,400.00 180,986.16
Group 2 0501066468 NJ 80.00 01-Mar-2005 212,000.00 210,497.14
Group 2 0501181670 IL 80.00 01-Mar-2005 228,000.00 226,343.21
Group 2 0501193508 CA 66.21 01-May-2005 245,000.00 243,151.42
Group 2 0501216575 CA 85.00 01-Mar-2005 294,950.00 292,390.29
Group 2 0501248608 FL 78.09 01-Apr-2005 164,000.00 163,032.48
Group 2 0501250236 CA 75.00 01-Apr-2005 228,750.00 227,679.73
Group 2 0501259477 CA 80.00 01-Apr-2005 340,000.00 340,000.00
Group 2 0501261909 NV 90.00 01-Apr-2005 135,000.00 134,160.92
Group 2 0501261911 CA 79.68 01-Apr-2005 199,200.00 197,750.37
Group 2 0501273126 WA 70.00 01-Apr-2005 205,100.00 204,058.76
Group 2 0501284823 IL 85.00 01-Apr-2005 120,700.00 120,074.52
Group 2 0502017399 CA 80.00 01-Apr-2005 221,600.00 220,024.15
Group 2 0502028645 MO 75.00 01-Apr-2005 121,500.00 120,966.24
Group 2 0502028660 IL 87.94 01-Apr-2005 299,000.00 297,702.87
Group 2 0502073489 MO 82.09 01-Apr-2005 110,000.00 109,455.76
Group 2 0502085616 FL 100.00 01-Apr-2005 88,000.00 87,516.16
Group 2 0502086525 CA 80.00 01-May-2005 320,000.00 318,053.57
Group 2 0502098175 OR 95.00 01-May-2005 73,150.00 72,853.87
Group 2 0502098521 NJ 90.00 01-May-2005 252,000.00 249,769.58
Group 2 0502100647 NY 90.00 01-May-2005 382,500.00 379,934.90
Group 2 0502109449 CA 85.00 01-Apr-2005 314,500.00 312,912.05
Group 2 0502144399 AZ 80.00 01-Apr-2005 100,000.00 99,244.64
Group 2 0502154744 FL 85.00 01-Apr-2005 110,500.00 109,994.89
Group 2 0502166831 NY 27.39 01-Jun-2005 40,000.00 39,661.24
Group 2 0502181019 CA 53.57 01-May-2005 150,000.00 148,920.54
Group 2 0502222717 FL 85.00 01-May-2005 108,800.00 108,201.97
Group 2 0502258577 CA 80.00 01-Jun-2005 90,800.00 90,364.00
Group 2 0503023063 NY 80.70 01-May-2005 399,500.00 397,188.02
Group 2 0503078215 CA 45.00 01-May-2005 81,000.00 75,901.92
Group 2 0503078533 MO 72.82 01-Jun-2005 100,500.00 100,081.48
Group 2 0503080432 KY 100.00 01-May-2005 53,000.00 52,733.15
Group 2 0503080686 RI 87.54 01-May-2005 239,000.00 239,000.00
Group 2 0503081224 IL 85.00 01-May-2005 136,000.00 135,172.96
Group 2 0503091648 CA 53.52 01-May-2005 273,000.00 271,216.70
Group 2 0503105309 AZ 95.00 01-Jun-2005 192,850.00 191,530.81
Group 2 0503116531 IL 90.00 01-May-2005 207,000.00 206,108.76
Group 2 0503116831 CA 80.00 01-May-2005 276,000.00 274,016.97
Group 2 0503147246 KS 80.00 01-May-2005 104,800.00 104,341.75
Group 2 0503159176 FL 90.00 01-May-2005 108,000.00 107,259.36
Group 2 0503159662 VA 80.00 01-May-2005 254,400.00 252,999.28
Group 2 0503161045 MO 85.00 01-May-2005 212,500.00 211,442.06
Group 2 0503161778 IL 80.00 01-May-2005 179,200.00 178,164.93
Group 2 0503185601 RI 80.00 01-May-2005 168,000.00 167,033.66
Group 2 0503230505 FL 40.00 01-May-2005 63,600.00 63,218.19
Group 2 0503230626 GA 95.00 01-May-2005 133,000.00 132,337.82
Group 2 0503230896 AZ 80.00 01-May-2005 80,800.00 80,418.44
Group 2 0503243252 NY 77.56 01-Jun-2005 287,000.00 285,154.03
Group 2 0503254040 MD 90.00 01-Jun-2005 261,900.00 260,821.86
Group 2 0503297072 IL 80.00 01-May-2005 84,716.80 84,201.96
Group 2 0503308364 CT 84.18 01-Jun-2005 149,000.00 148,353.21
Group 2 0503309000 MD 56.88 01-Jun-2005 190,000.00 189,255.40
Group 2 0504011044 CA 69.00 01-Jun-2005 310,500.00 309,450.54
Group 2 0504042642 AL 89.24 01-Jun-2005 112,000.00 111,406.98
Group 2 0504042770 MA 81.90 01-Jun-2005 450,500.00 450,500.00
Group 2 0504054691 CA 67.74 01-Jun-2005 313,000.00 313,000.00
Group 2 0504055409 CA 80.00 01-Jun-2005 304,000.00 303,985.87
Group 2 0504134587 MA 80.00 01-Jun-2005 456,800.00 454,870.90
Group 2 0504146226 VA 80.00 01-Jun-2005 162,400.00 161,539.33
Group 2 0504158349 NY 90.00 01-Jun-2005 319,500.00 317,185.97
Group 2 0504158405 AZ 47.87 01-Jun-2005 90,000.00 89,589.90
Group 2 0504158629 GA 80.00 01-Jun-2005 140,800.00 140,123.95
Group 2 0504191015 NM 85.00 01-Jun-2005 104,550.00 104,036.25
Group 3 0501136183 GA 86.48 01-Apr-2005 96,000.00 93,420.33
Group 3 0501216635 CA 76.26 01-Apr-2005 151,000.00 150,039.77
Group 3 0501262080 CA 80.00 01-Apr-2005 258,400.00 258,400.00
Group 3 0501284019 FL 90.00 01-Apr-2005 117,000.00 116,116.22
Group 3 0502085840 NJ 80.00 01-May-2005 299,920.00 298,182.95
Group 3 0502179574 OH 68.00 01-May-2005 85,000.00 84,531.99
Group 3 0503012308 FL 76.36 01-May-2005 168,000.00 167,128.28
Group 4 0412089204 CA 80.00 01-Apr-2005 239,600.00 239,599.94
Group 4 0412213582 DC 59.88 01-Mar-2005 500,000.00 500,000.00
Group 4 0501066867 CA 76.00 01-Mar-2005 570,000.00 570,000.00
Group 4 0501078416 CA 90.00 01-Mar-2005 378,000.00 375,317.38
Group 4 0501124642 NV 85.00 01-Apr-2005 199,750.00 198,629.52
Group 4 0501135847 CA 80.00 01-Mar-2005 164,000.00 162,586.05
Group 4 0501135849 VA 80.00 01-Mar-2005 293,200.00 291,539.86
Group 4 0501179696 GA 85.00 01-Mar-2005 391,000.00 388,428.10
Group 4 0501180754 OH 100.00 01-Mar-2005 81,000.00 80,600.74
Group 4 0501181137 PA 80.00 01-Apr-2005 440,000.00 436,986.50
Group 4 0501215363 OH 100.00 01-Apr-2005 163,000.00 161,937.53
Group 4 0501247374 NY 80.00 01-Apr-2005 345,600.00 343,233.03
Group 4 0501259281 CA 80.00 01-Mar-2005 424,000.00 420,600.98
Group 4 0501259930 OH 88.57 01-Apr-2005 124,000.00 123,175.50
Group 4 0502028998 CT 85.00 01-May-2005 144,500.00 143,685.61
Group 4 0502029460 NV 80.00 01-Apr-2005 264,000.00 262,359.29
Group 4 0502030497 CA 72.32 01-May-2005 235,250.00 233,515.96
Group 4 0502043365 HI 90.00 01-May-2005 445,500.00 442,862.31
Group 4 0502085703 VA 80.00 01-Apr-2005 299,200.00 297,340.52
Group 4 0502085816 CA 85.00 01-Apr-2005 408,000.00 407,992.30
Group 4 0502109743 NJ 95.00 01-Apr-2005 408,500.00 405,797.19
Group 4 0502110993 DC 72.72 01-Apr-2005 400,000.00 396,973.40
Group 4 0502166799 CA 80.00 01-May-2005 380,000.00 378,014.15
Group 4 0502178809 CA 67.20 01-May-2005 419,999.00 417,912.33
Group 4 0502179592 MA 80.00 01-May-2005 258,720.00 257,043.60
Group 4 0502222859 IL 79.80 01-May-2005 399,000.00 397,155.92
Group 4 0502245600 FL 80.00 01-May-2005 108,392.00 108,391.99
Group 4 0502246037 FL 100.00 01-Apr-2005 175,000.00 173,908.58
Group 4 0502280094 CA 80.00 01-May-2005 320,000.00 317,854.07
Group 4 0502289210 CA 80.00 01-May-2005 239,920.00 239,920.00
Group 4 0503010976 CA 75.00 01-May-2005 288,750.00 287,241.00
Group 4 0503080267 CA 80.00 01-May-2005 428,000.00 425,643.53
Group 4 0503080942 CA 80.00 01-May-2005 280,000.00 278,258.34
Group 4 0503092900 CA 80.00 01-May-2005 389,600.00 389,600.00
Group 4 0503103644 NJ 80.00 01-May-2005 304,000.00 301,915.27
Group 4 0503148390 FL 80.00 01-May-2005 268,000.00 268,000.00
Group 4 0503148396 NY 78.09 01-May-2005 410,000.00 407,141.85
Group 4 0503174261 OR 80.00 01-May-2005 164,000.00 163,028.96
Group 4 0503217770 CA 76.05 01-May-2005 270,000.00 268,045.88
Group 4 0503230927 OH 80.00 01-May-2005 220,000.00 220,000.00
Group 4 0503243425 NJ 80.00 01-May-2005 288,160.00 288,160.00
Group 4 0503286643 UT 80.00 01-May-2005 215,920.00 215,919.98
Group 4 0503309162 CA 90.00 01-Jun-2005 171,000.00 170,220.77
Group 4 0503309286 FL 80.00 01-May-2005 237,600.00 234,522.93
Group 4 0503310104 CA 80.00 01-Jun-2005 500,000.00 499,900.00
Group 4 0503319827 CA 80.00 01-Jun-2005 261,848.00 261,848.00
Group 4 0504011390 MD 80.00 01-Jun-2005 567,455.00 564,134.98
Group 4 0504042373 ID 85.00 01-Jun-2005 68,850.00 68,577.95
Group 4 0504042398 CA 100.00 01-Jun-2005 321,430.00 320,170.37
Group 4 0504055159 CA 80.00 01-Jun-2005 206,400.00 205,307.42
Group 4 0504077419 SC 80.00 01-Jun-2005 186,240.00 186,240.00
Group 4 0504089589 OH 85.00 01-Jun-2005 85,850.00 85,417.56
Group 4 0504112186 AZ 80.00 01-Jun-2005 220,000.00 219,161.49
Group 4 0504123173 NM 80.00 01-Jun-2005 500,000.00 500,000.00
Group 4 0504215323 CA 80.00 01-Jun-2005 440,000.00 439,619.86
Group 4 0504269500 OH 80.00 01-Jun-2005 176,800.00 175,952.57
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>
Group 1 0411233089 Loan Paid in Full 0 8.150% 360 8
Group 1 0502234927 Loan Paid in Full 0 8.125% 360 7
Group 1 0504147378 Loan Paid in Full 0 6.375% 360 6
Group 1 0504189660 Loan Paid in Full 0 7.990% 360 6
Group 2 0410200534 Loan Paid in Full 0 7.750% 360 11
Group 2 0411164121 Loan Paid in Full 0 8.590% 360 11
Group 2 0411164797 Loan Paid in Full 0 7.750% 360 11
Group 2 0412021746 Loan Paid in Full 0 7.990% 360 10
Group 2 0412077449 Loan Paid in Full 0 6.990% 360 10
Group 2 0412102793 Loan Paid in Full 0 7.990% 360 10
Group 2 0412145626 Loan Paid in Full 0 8.999% 360 9
Group 2 0412290742 Loan Paid in Full 0 7.575% 360 8
Group 2 0501043340 Loan Paid in Full (1) 5.850% 360 8
Group 2 0501043515 Loan Paid in Full 0 8.625% 360 9
Group 2 0501043565 Loan Paid in Full 0 7.990% 360 9
Group 2 0501066468 Loan Paid in Full 0 7.875% 360 9
Group 2 0501181670 Loan Paid in Full 0 7.750% 360 9
Group 2 0501193508 Loan Paid in Full 0 6.990% 360 7
Group 2 0501216575 Loan Paid in Full 0 7.875% 360 9
Group 2 0501248608 Loan Paid in Full 0 8.250% 360 8
Group 2 0501250236 Loan Paid in Full (1) 9.990% 360 8
Group 2 0501259477 Loan Paid in Full (1) 6.750% 360 8
Group 2 0501261909 Loan Paid in Full 0 7.990% 360 8
Group 2 0501261911 Loan Paid in Full 1 7.190% 360 8
Group 2 0501273126 Loan Paid in Full 0 8.990% 360 8
Group 2 0501284823 Loan Paid in Full 0 8.890% 360 8
Group 2 0502017399 Loan Paid in Full (1) 8.000% 360 8
Group 2 0502028645 Loan Paid in Full 0 9.690% 360 8
Group 2 0502028660 Loan Paid in Full 0 9.750% 360 8
Group 2 0502073489 Loan Paid in Full 0 9.125% 360 8
Group 2 0502085616 Loan Paid in Full 0 8.599% 360 8
Group 2 0502086525 Loan Paid in Full 0 7.490% 360 7
Group 2 0502098175 Loan Paid in Full 0 9.500% 360 7
Group 2 0502098521 Loan Paid in Full (1) 6.750% 360 7
Group 2 0502100647 Loan Paid in Full 0 6.990% 360 7
Group 2 0502109449 Loan Paid in Full 1 8.990% 360 8
Group 2 0502144399 Loan Paid in Full 0 6.999% 360 8
Group 2 0502154744 Loan Paid in Full 0 9.499% 360 8
Group 2 0502166831 Loan Paid in Full (1) 9.500% 360 6
Group 2 0502181019 Loan Paid in Full 0 6.625% 360 7
Group 2 0502222717 Loan Paid in Full (1) 7.999% 360 7
Group 2 0502258577 Loan Paid in Full 0 7.990% 360 6
Group 2 0503023063 Loan Paid in Full 4 7.740% 360 7
Group 2 0503078215 Loan Paid in Full (1) 8.990% 360 7
Group 2 0503078533 Loan Paid in Full 0 8.699% 360 6
Group 2 0503080432 Loan Paid in Full 0 8.999% 360 7
Group 2 0503080686 Loan Paid in Full 0 6.450% 360 7
Group 2 0503081224 Loan Paid in Full 0 7.490% 360 7
Group 2 0503091648 Loan Paid in Full 0 7.125% 360 7
Group 2 0503105309 Loan Paid in Full 0 7.799% 360 6
Group 2 0503116531 Loan Paid in Full 0 9.200% 360 7
Group 2 0503116831 Loan Paid in Full 0 6.725% 360 7
Group 2 0503147246 Loan Paid in Full 0 9.125% 360 7
Group 2 0503159176 Loan Paid in Full (1) 6.875% 360 7
Group 2 0503159662 Loan Paid in Full 0 7.990% 360 7
Group 2 0503161045 Loan Paid in Full 0 8.490% 360 7
Group 2 0503161778 Loan Paid in Full 0 7.750% 360 7
Group 2 0503185601 Loan Paid in Full 0 7.999% 360 7
Group 2 0503230505 Loan Paid in Full 0 7.555% 360 7
Group 2 0503230626 Loan Paid in Full 0 8.490% 360 7
Group 2 0503230896 Loan Paid in Full 0 8.750% 360 7
Group 2 0503243252 Loan Paid in Full 0 6.500% 360 6
Group 2 0503254040 Loan Paid in Full 0 8.750% 360 6
Group 2 0503297072 Loan Paid in Full 0 7.500% 360 7
Group 2 0503308364 Loan Paid in Full 0 8.490% 360 6
Group 2 0503309000 Loan Paid in Full 0 8.990% 360 6
Group 2 0504011044 Loan Paid in Full 0 9.750% 360 6
Group 2 0504042642 Loan Paid in Full 0 7.499% 360 6
Group 2 0504042770 Loan Paid in Full 0 7.500% 360 6
Group 2 0504054691 Loan Paid in Full 0 6.625% 360 6
Group 2 0504055409 Loan Paid in Full 0 7.390% 360 6
Group 2 0504134587 Loan Paid in Full 0 8.625% 360 6
Group 2 0504146226 Loan Paid in Full (1) 7.500% 360 6
Group 2 0504158349 Loan Paid in Full 0 5.875% 360 6
Group 2 0504158405 Loan Paid in Full (1) 8.250% 360 6
Group 2 0504158629 Loan Paid in Full 0 7.990% 360 6
Group 2 0504191015 Loan Paid in Full 0 7.875% 360 6
Group 3 0501136183 Loan Paid in Full 0 7.990% 180 8
Group 3 0501216635 Loan Paid in Full 0 7.875% 360 8
Group 3 0501262080 Loan Paid in Full 0 6.490% 360 8
Group 3 0501284019 Loan Paid in Full 0 6.999% 360 8
Group 3 0502085840 Loan Paid in Full 0 7.750% 360 7
Group 3 0502179574 Loan Paid in Full 0 7.990% 360 7
Group 3 0503012308 Loan Paid in Full 0 8.500% 360 7
Group 4 0412089204 Loan Paid in Full 0 6.125% 360 8
Group 4 0412213582 Loan Paid in Full 0 7.125% 360 9
Group 4 0501066867 Loan Paid in Full 0 6.990% 360 9
Group 4 0501078416 Loan Paid in Full 0 7.875% 360 9
Group 4 0501124642 Loan Paid in Full 0 8.500% 360 8
Group 4 0501135847 Loan Paid in Full 0 6.875% 360 9
Group 4 0501135849 Loan Paid in Full 0 8.990% 360 9
Group 4 0501179696 Loan Paid in Full 0 8.250% 360 9
Group 4 0501180754 Loan Paid in Full 0 9.750% 360 9
Group 4 0501181137 Loan Paid in Full 0 7.500% 360 8
Group 4 0501215363 Loan Paid in Full 0 7.750% 360 8
Group 4 0501247374 Loan Paid in Full 1 7.500% 360 8
Group 4 0501259281 Loan Paid in Full (1) 7.250% 360 9
Group 4 0501259930 Loan Paid in Full 0 7.650% 360 8
Group 4 0502028998 Loan Paid in Full 0 7.875% 360 7
Group 4 0502029460 Loan Paid in Full 0 7.990% 360 8
Group 4 0502030497 Loan Paid in Full 0 6.500% 360 7
Group 4 0502043365 Loan Paid in Full 0 7.625% 360 7
Group 4 0502085703 Loan Paid in Full 0 7.990% 360 8
Group 4 0502085816 Loan Paid in Full 0 6.990% 360 8
Group 4 0502109743 Loan Paid in Full 0 7.675% 360 8
Group 4 0502110993 Loan Paid in Full 0 6.990% 360 8
Group 4 0502166799 Loan Paid in Full 0 8.250% 360 7
Group 4 0502178809 Loan Paid in Full 0 8.500% 360 7
Group 4 0502179592 Loan Paid in Full (1) 7.375% 360 7
Group 4 0502222859 Loan Paid in Full 0 8.855% 360 7
Group 4 0502245600 Loan Paid in Full 0 6.625% 360 7
Group 4 0502246037 Loan Paid in Full 0 8.575% 360 8
Group 4 0502280094 Loan Paid in Full 0 6.990% 360 7
Group 4 0502289210 Loan Paid in Full 0 6.375% 360 7
Group 4 0503010976 Loan Paid in Full 1 8.250% 360 7
Group 4 0503080267 Loan Paid in Full 0 7.990% 360 7
Group 4 0503080942 Loan Paid in Full 0 7.375% 360 7
Group 4 0503092900 Loan Paid in Full 2 7.500% 360 7
Group 4 0503103644 Loan Paid in Full 0 6.875% 360 7
Group 4 0503148390 Loan Paid in Full 0 7.575% 360 7
Group 4 0503148396 Loan Paid in Full 0 6.790% 360 7
Group 4 0503174261 Loan Paid in Full 1 7.625% 360 7
Group 4 0503217770 Loan Paid in Full (1) 7.750% 360 7
Group 4 0503230927 Loan Paid in Full 0 6.990% 360 7
Group 4 0503243425 Loan Paid in Full 0 6.500% 360 7
Group 4 0503286643 Loan Paid in Full (1) 6.890% 360 7
Group 4 0503309162 Loan Paid in Full 0 8.250% 360 6
Group 4 0503309286 Loan Paid in Full 0 7.250% 360 7
Group 4 0503310104 Loan Paid in Full 0 6.990% 360 6
Group 4 0503319827 Loan Paid in Full 0 8.250% 360 6
Group 4 0504011390 Loan Paid in Full 0 6.990% 360 6
Group 4 0504042373 Loan Paid in Full 2 8.950% 360 6
Group 4 0504042398 Loan Paid in Full 0 8.990% 360 6
Group 4 0504055159 Loan Paid in Full 0 7.500% 360 6
Group 4 0504077419 Loan Paid in Full (1) 7.250% 360 6
Group 4 0504089589 Loan Paid in Full 0 7.750% 360 6
Group 4 0504112186 Loan Paid in Full 0 9.125% 360 6
Group 4 0504123173 Loan Paid in Full (1) 7.250% 360 6
Group 4 0504215323 Loan Paid in Full (1) 6.500% 360 6
Group 4 0504269500 Loan Paid in Full 0 7.999% 360 6
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.112% Current Month 31.568% Current Month 2,179.593%
3 Month Average 3.033% 3 Month Average 30.736% 3 Month Average 2,468.620%
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 21.664% N/A Aug-2005 3,327.176% N/A
Sep-2005 22.731% N/A Sep-2005 2,675.028% N/A
Oct-2005 24.320% N/A Oct-2005 2,318.259% N/A
Nov-2005 36.320% N/A Nov-2005 2,908.009% N/A
Dec-2005 31.568% N/A Dec-2005 2,179.593% 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