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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-1
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-11
Pooling and Servicing Agreement) (Commission 54-2165628
(State or other File Number) 54-2165629
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
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through 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 Pass-Through Certificates,
Series 2005-1 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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 12/30/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-1 Trust,
relating to the December 27, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 11/30/2005
Distribution Date: 12/27/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through 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>
1-CB-1 05949AK66 5.25000% 155,063,758.03 678,403.94
1-CB-R 05949AL32 5.50000% 0.00 0.00
1-CB-LR 05949AL40 5.50000% 0.00 0.00
1-CB-2 05949AK74 5.50000% 23,189,000.00 106,282.92
1-CB-3 05949AK82 5.50000% 0.00 32,304.95
1-CB-4 05949AK90 5.50000% 10,000,000.00 45,833.33
1-CB-5 05949AL24 5.50000% 4,639,000.00 21,262.08
CB-IO 05949AL57 5.50000% 0.00 60,359.07
2-A-1 05949AL99 5.50000% 37,850,679.40 173,482.28
30-PO 05949AL65 0.00000% 247,939.64 0.00
15-IO 05949AL81 5.50000% 0.00 1,323.43
15-PO 05949AL73 0.00000% 1,579,170.62 0.00
B-1 05949AM23 5.50000% 5,764,596.04 26,421.07
B-2 05949AM31 5.50000% 2,058,502.76 9,434.80
B-3 05949AM49 5.50000% 1,371,678.24 6,286.86
B-4 05949AM56 5.50000% 1,098,722.15 5,035.81
B-5 05949AM64 5.50000% 822,809.86 3,771.21
B-6 05949AM72 5.50000% 1,098,649.64 5,035.48
Totals 244,784,506.38 1,175,237.23
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-CB-1 4,544,121.13 0.00 150,519,636.90 5,222,525.07 0.00
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.00 0.00
1-CB-2 0.00 0.00 23,189,000.00 106,282.92 0.00
1-CB-3 0.00 0.00 0.00 32,304.95 0.00
1-CB-4 0.00 0.00 10,000,000.00 45,833.33 0.00
1-CB-5 0.00 0.00 4,639,000.00 21,262.08 0.00
CB-IO 0.00 0.00 0.00 60,359.07 0.00
2-A-1 594,719.71 0.00 37,255,959.69 768,201.99 0.00
30-PO 301.96 0.00 247,637.69 301.96 0.00
15-IO 0.00 0.00 0.00 1,323.43 0.00
15-PO 20,672.73 0.00 1,558,497.89 20,672.73 0.00
B-1 8,834.11 0.00 5,755,761.93 35,255.18 0.00
B-2 3,154.61 0.00 2,055,348.15 12,589.41 0.00
B-3 2,102.07 0.00 1,369,576.17 8,388.93 0.00
B-4 1,683.77 0.00 1,097,038.38 6,719.58 0.00
B-5 1,260.94 0.00 821,548.92 5,032.15 0.00
B-6 1,683.47 0.00 1,096,965.98 6,718.95 0.00
Totals 5,178,534.50 0.00 239,605,971.70 6,353,771.73 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-CB-1 183,469,000.00 155,063,758.03 204,426.43 4,339,694.70 0.00 0.00
1-CB-R 50.00 0.00 0.00 0.00 0.00 0.00
1-CB-LR 50.00 0.00 0.00 0.00 0.00 0.00
1-CB-2 23,189,000.00 23,189,000.00 0.00 0.00 0.00 0.00
1-CB-3 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-4 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00
1-CB-5 4,639,000.00 4,639,000.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 42,857,000.00 37,850,679.40 149,394.06 445,325.66 0.00 0.00
30-PO 272,074.89 247,939.64 291.42 10.53 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 1,719,983.14 1,579,170.62 6,407.20 14,265.53 0.00 0.00
B-1 5,850,000.00 5,764,596.04 8,834.11 0.00 0.00 0.00
B-2 2,089,000.00 2,058,502.76 3,154.61 0.00 0.00 0.00
B-3 1,392,000.00 1,371,678.24 2,102.07 0.00 0.00 0.00
B-4 1,115,000.00 1,098,722.15 1,683.77 0.00 0.00 0.00
B-5 835,000.00 822,809.86 1,260.94 0.00 0.00 0.00
B-6 1,114,926.00 1,098,649.64 1,683.47 0.00 0.00 0.00
Totals 278,542,084.03 244,784,506.38 379,238.08 4,799,296.42 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-CB-1 4,544,121.13 150,519,636.90 0.820409 4,544,121.13
1-CB-R 0.00 0.00 0.000000 0.00
1-CB-LR 0.00 0.00 0.000000 0.00
1-CB-2 0.00 23,189,000.00 1.000000 0.00
1-CB-3 0.00 0.00 0.000000 0.00
1-CB-4 0.00 10,000,000.00 1.000000 0.00
1-CB-5 0.00 4,639,000.00 1.000000 0.00
CB-IO 0.00 0.00 0.000000 0.00
2-A-1 594,719.71 37,255,959.69 0.869309 594,719.71
30-PO 301.96 247,637.69 0.910182 301.96
15-IO 0.00 0.00 0.000000 0.00
15-PO 20,672.73 1,558,497.89 0.906112 20,672.73
B-1 8,834.11 5,755,761.93 0.983891 8,834.11
B-2 3,154.61 2,055,348.15 0.983891 3,154.61
B-3 2,102.07 1,369,576.17 0.983891 2,102.07
B-4 1,683.77 1,097,038.38 0.983891 1,683.77
B-5 1,260.94 821,548.92 0.983891 1,260.94
B-6 1,683.47 1,096,965.98 0.983891 1,683.47
Totals 5,178,534.50 239,605,971.70 0.860215 5,178,534.50
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-CB-1 183,469,000.00 845.176886 1.114229 23.653558 0.000000
1-CB-R 50.00 0.000000 0.000000 0.000000 0.000000
1-CB-LR 50.00 0.000000 0.000000 0.000000 0.000000
1-CB-2 23,189,000.00 1000.000000 0.000000 0.000000 0.000000
1-CB-3 0.00 0.000000 0.000000 0.000000 0.000000
1-CB-4 10,000,000.00 1000.000000 0.000000 0.000000 0.000000
1-CB-5 4,639,000.00 1000.000000 0.000000 0.000000 0.000000
CB-IO 0.00 0.000000 0.000000 0.000000 0.000000
2-A-1 42,857,000.00 883.185463 3.485873 10.390967 0.000000
30-PO 272,074.89 911.291887 1.071102 0.038703 0.000000
15-IO 0.00 0.000000 0.000000 0.000000 0.000000
15-PO 1,719,983.14 918.131453 3.725153 8.293994 0.000000
B-1 5,850,000.00 985.401032 1.510104 0.000000 0.000000
B-2 2,089,000.00 985.401034 1.510105 0.000000 0.000000
B-3 1,392,000.00 985.401034 1.510108 0.000000 0.000000
B-4 1,115,000.00 985.401031 1.510108 0.000000 0.000000
B-5 835,000.00 985.401030 1.510108 0.000000 0.000000
B-6 1,114,926.00 985.401399 1.509939 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-CB-1 0.000000 24.767787 820.409099 0.820409 24.767787
1-CB-R 0.000000 0.000000 0.000000 0.000000 0.000000
1-CB-LR 0.000000 0.000000 0.000000 0.000000 0.000000
1-CB-2 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-CB-3 0.000000 0.000000 0.000000 0.000000 0.000000
1-CB-4 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-CB-5 0.000000 0.000000 1,000.000000 1.000000 0.000000
CB-IO 0.000000 0.000000 0.000000 0.000000 0.000000
2-A-1 0.000000 13.876839 869.308624 0.869309 13.876839
30-PO 0.000000 1.109841 910.182083 0.910182 1.109841
15-IO 0.000000 0.000000 0.000000 0.000000 0.000000
15-PO 0.000000 12.019147 906.112306 0.906112 12.019147
B-1 0.000000 1.510104 983.890928 0.983891 1.510104
B-2 0.000000 1.510105 983.890929 0.983891 1.510105
B-3 0.000000 1.510108 983.890927 0.983891 1.510108
B-4 0.000000 1.510108 983.890924 0.983891 1.510108
B-5 0.000000 1.510108 983.890922 0.983891 1.510108
B-6 0.000000 1.509939 983.891290 0.983891 1.509939
<FN>
All classes are per $1,000 denomination.
</FN>
Interest Distribution Statement
Class Accrual Accrual Current Beginning Current Payment of
Dates Days Certificate Certificate/ Accrued Unpaid Interest
Rate Notional Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 11/01/05 - 11/30/05 30 5.25000% 155,063,758.03 678,403.94 0.00
1-CB-R N/A N/A 5.50000% 0.00 0.00 0.00
1-CB-LR N/A N/A 5.50000% 0.00 0.00 0.00
1-CB-2 11/01/05 - 11/30/05 30 5.50000% 23,189,000.00 106,282.92 0.00
1-CB-3 11/01/05 - 11/30/05 30 5.50000% 7,048,352.64 32,304.95 0.00
1-CB-4 11/01/05 - 11/30/05 30 5.50000% 10,000,000.00 45,833.33 0.00
1-CB-5 11/01/05 - 11/30/05 30 5.50000% 4,639,000.00 21,262.08 0.00
CB-IO 11/01/05 - 11/30/05 30 5.50000% 13,169,252.67 60,359.07 0.00
2-A-1 11/01/05 - 11/30/05 30 5.50000% 37,850,679.40 173,482.28 0.00
30-PO N/A N/A 0.00000% 247,939.64 0.00 0.00
15-IO 11/01/05 - 11/30/05 30 5.50000% 288,748.48 1,323.43 0.00
15-PO N/A N/A 0.00000% 1,579,170.62 0.00 0.00
B-1 11/01/05 - 11/30/05 30 5.50000% 5,764,596.04 26,421.07 0.00
B-2 11/01/05 - 11/30/05 30 5.50000% 2,058,502.76 9,434.80 0.00
B-3 11/01/05 - 11/30/05 30 5.50000% 1,371,678.24 6,286.86 0.00
B-4 11/01/05 - 11/30/05 30 5.50000% 1,098,722.15 5,035.81 0.00
B-5 11/01/05 - 11/30/05 30 5.50000% 822,809.86 3,771.21 0.00
B-6 11/01/05 - 11/30/05 30 5.50000% 1,098,649.64 5,035.48 0.00
Totals 1,175,237.23 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-CB-1 0.00 0.00 678,403.94 0.00 150,519,636.90
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.00 0.00
1-CB-2 0.00 0.00 106,282.92 0.00 23,189,000.00
1-CB-3 0.00 0.00 32,304.95 0.00 6,841,801.68
1-CB-4 0.00 0.00 45,833.33 0.00 10,000,000.00
1-CB-5 0.00 0.00 21,262.08 0.00 4,639,000.00
CB-IO 0.00 0.00 60,359.07 0.00 12,824,761.36
2-A-1 0.00 0.00 173,482.28 0.00 37,255,959.69
30-PO 0.00 0.00 0.00 0.00 247,637.69
15-IO 0.00 0.00 1,323.43 0.00 280,558.39
15-PO 0.00 0.00 0.00 0.00 1,558,497.89
B-1 0.00 0.00 26,421.07 0.00 5,755,761.93
B-2 0.00 0.00 9,434.80 0.00 2,055,348.15
B-3 0.00 0.00 6,286.86 0.00 1,369,576.17
B-4 0.00 0.00 5,035.81 0.00 1,097,038.38
B-5 0.00 0.00 3,771.21 0.00 821,548.92
B-6 0.00 0.00 5,035.48 0.00 1,096,965.98
Totals 0.00 0.00 1,175,237.23 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-CB-1 11/01/05 - 11/30/05 183,469,000.00 5.25000% 845.176886 3.697649 0.000000
1-CB-R N/A 50.00 5.50000% 0.000000 0.000000 0.000000
1-CB-LR N/A 50.00 5.50000% 0.000000 0.000000 0.000000
1-CB-2 11/01/05 - 11/30/05 23,189,000.00 5.50000% 1000.000000 4.583333 0.000000
1-CB-3 11/01/05 - 11/30/05 0.00 5.50000% 845.176886 3.873727 0.000000
1-CB-4 11/01/05 - 11/30/05 10,000,000.00 5.50000% 1000.000000 4.583333 0.000000
1-CB-5 11/01/05 - 11/30/05 4,639,000.00 5.50000% 1000.000000 4.583333 0.000000
CB-IO 11/01/05 - 11/30/05 0.00 5.50000% 844.070047 3.868654 0.000000
2-A-1 11/01/05 - 11/30/05 42,857,000.00 5.50000% 883.185463 4.047933 0.000000
30-PO N/A 272,074.89 0.00000% 911.291887 0.000000 0.000000
15-IO 11/01/05 - 11/30/05 0.00 5.50000% 790.616100 3.623656 0.000000
15-PO N/A 1,719,983.14 0.00000% 918.131453 0.000000 0.000000
B-1 11/01/05 - 11/30/05 5,850,000.00 5.50000% 985.401032 4.516422 0.000000
B-2 11/01/05 - 11/30/05 2,089,000.00 5.50000% 985.401034 4.516419 0.000000
B-3 11/01/05 - 11/30/05 1,392,000.00 5.50000% 985.401034 4.516422 0.000000
B-4 11/01/05 - 11/30/05 1,115,000.00 5.50000% 985.401031 4.516422 0.000000
B-5 11/01/05 - 11/30/05 835,000.00 5.50000% 985.401030 4.516419 0.000000
B-6 11/01/05 - 11/30/05 1,114,926.00 5.50000% 985.401399 4.516425 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-CB-1 0.000000 0.000000 3.697649 0.000000 820.409099
1-CB-R 0.000000 0.000000 0.000000 0.000000 0.000000
1-CB-LR 0.000000 0.000000 0.000000 0.000000 0.000000
1-CB-2 0.000000 0.000000 4.583333 0.000000 1000.000000
1-CB-3 0.000000 0.000000 3.873727 0.000000 820.409099
1-CB-4 0.000000 0.000000 4.583333 0.000000 1000.000000
1-CB-5 0.000000 0.000000 4.583333 0.000000 1000.000000
CB-IO 0.000000 0.000000 3.868654 0.000000 821.990222
2-A-1 0.000000 0.000000 4.047933 0.000000 869.308624
30-PO 0.000000 0.000000 0.000000 0.000000 910.182083
15-IO 0.000000 0.000000 3.623656 0.000000 768.190988
15-PO 0.000000 0.000000 0.000000 0.000000 906.112306
B-1 0.000000 0.000000 4.516422 0.000000 983.890928
B-2 0.000000 0.000000 4.516419 0.000000 983.890929
B-3 0.000000 0.000000 4.516422 0.000000 983.890927
B-4 0.000000 0.000000 4.516422 0.000000 983.890924
B-5 0.000000 0.000000 4.516419 0.000000 983.890922
B-6 0.000000 0.000000 4.516425 0.000000 983.891290
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All classes are per $1,000 denomination.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,406,910.36
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 6,406,910.36
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Total Administration Fees 53,138.63
Payment of Interest and Principal 6,353,771.73
Total Withdrawals (Pool Distribution Amount) 6,406,910.36
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* 50,996.77
Trustee Fee: Wells Fargo Bank, N.A. 2,141.86
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 53,138.63
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.021831%
Weighted Average Pass-Through Rate 5.761331%
Weighted Average Remaining Term 318
Beginning Scheduled Collateral Loan Count 1,832
Number Of Loans Paid In Full 27
Ending Scheduled Collateral Loan Count 1,805
Beginning Scheduled Collateral Balance 244,784,506.38
Ending Scheduled Collateral Balance 239,605,971.71
Ending Actual Collateral Balance at 30-Nov-2005 239,919,196.51
Monthly P&I Constant 1,607,614.02
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 Optimal Amount 6,258,092.85
Class AP Deferred Amount 0.00
Scheduled Principal 379,238.25
Unscheduled Principal 4,799,296.42
Group Level Collateral Statement
<s> <c> <c>
Group 1 2 Total
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 6.109973 5.589190 6.021831
Weighted Average Net Rate 5.859973 5.339190 5.771831
Weighted Average Remaining Term 349 169 318
Beginning Loan Count 1,452 380 1,832
Loans Paid In Full 23 4 27
Ending Loan Count 1,429 376 1,805
Beginning Scheduled Balance 203,354,834.95 41,429,671.43 244,784,506.38
Ending Scheduled Balance 198,799,585.88 40,806,385.83 239,605,971.71
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 1,250,954.34 356,659.68 1,607,614.02
Scheduled Principal 215,543.84 163,694.41 379,238.25
Unscheduled Principal 4,339,705.23 459,591.19 4,799,296.42
Scheduled Interest 1,035,410.50 192,965.27 1,228,375.77
Servicing Fee 42,365.59 8,631.18 50,996.77
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 1,779.35 362.51 2,141.86
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 991,265.56 183,971.58 1,175,237.14
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 5.849473 5.328690 5.761331
<FN>
</FN>
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1
CPR 22.828221%
Subordinate % 5.029439%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.970561%
2
CPR 12.575734%
Subordinate % 5.018309%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.981691%
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 5 0 0 5
728,397.54 0.00 0.00 728,397.54
30 Days 15 0 0 0 15
2,039,160.71 0.00 0.00 0.00 2,039,160.71
60 Days 1 0 0 0 1
96,707.78 0.00 0.00 0.00 96,707.78
90 Days 2 0 0 0 2
414,834.07 0.00 0.00 0.00 414,834.07
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 18 5 0 0 23
2,550,702.56 728,397.54 0.00 0.00 3,279,100.10
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 0.277008% 0.000000% 0.000000% 0.277008%
0.303601% 0.000000% 0.000000% 0.303601%
30 Days 0.831025% 0.000000% 0.000000% 0.000000% 0.831025%
0.849936% 0.000000% 0.000000% 0.000000% 0.849936%
60 Days 0.055402% 0.000000% 0.000000% 0.000000% 0.055402%
0.040308% 0.000000% 0.000000% 0.000000% 0.040308%
90 Days 0.110803% 0.000000% 0.000000% 0.000000% 0.110803%
0.172906% 0.000000% 0.000000% 0.000000% 0.172906%
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 0.997230% 0.277008% 0.000000% 0.000000% 1.274238%
1.063151% 0.303601% 0.000000% 0.000000% 1.366752%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 15,813.88
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
1
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 5 0 0 5
728,397.54 0.00 0.00 728,397.54
30 Days 12 0 0 0 12
1,763,109.38 0.00 0.00 0.00 1,763,109.38
60 Days 1 0 0 0 1
96,707.78 0.00 0.00 0.00 96,707.78
90 Days 2 0 0 0 2
414,834.07 0.00 0.00 0.00 414,834.07
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 15 5 0 0 20
2,274,651.23 728,397.54 0.00 0.00 3,003,048.77
0-29 Days 0.349895% 0.000000% 0.000000% 0.349895%
0.366076% 0.000000% 0.000000% 0.366076%
30 Days 0.839748% 0.000000% 0.000000% 0.000000% 0.839748%
0.886098% 0.000000% 0.000000% 0.000000% 0.886098%
60 Days 0.069979% 0.000000% 0.000000% 0.000000% 0.069979%
0.048603% 0.000000% 0.000000% 0.000000% 0.048603%
90 Days 0.139958% 0.000000% 0.000000% 0.000000% 0.139958%
0.208486% 0.000000% 0.000000% 0.000000% 0.208486%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.049685% 0.349895% 0.000000% 0.000000% 1.399580%
1.143187% 0.366076% 0.000000% 0.000000% 1.509262%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
2
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 3 0 0 0 3
276,051.33 0.00 0.00 0.00 276,051.33
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 3 0 0 0 3
276,051.33 0.00 0.00 0.00 276,051.33
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.797872% 0.000000% 0.000000% 0.000000% 0.797872%
0.674207% 0.000000% 0.000000% 0.000000% 0.674207%
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 0.797872% 0.000000% 0.000000% 0.000000% 0.797872%
0.674207% 0.000000% 0.000000% 0.000000% 0.674207%
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
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 0.123%
Loans in Bankruptcy 5 Jun-05 0.124%
Original Principal Balance 739,250.00 Jul-05 0.167%
Current Principal Balance 728,397.54 Aug-05 0.170%
Sep-05 0.221%
Oct-05 0.223%
Nov-05 0.298%
Dec-05 0.304%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.148%
Loans in Bankruptcy 5 Jun-05 0.149%
Original Principal Balance 739,250.00 Jul-05 0.201%
Current Principal Balance 728,397.54 Aug-05 0.205%
Sep-05 0.266%
Oct-05 0.270%
Nov-05 0.358%
Dec-05 0.366%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Group Loan Month Loan First State LTV at Original
Number Entered Payment Origination Principal
Bankruptcy Date Balance
<s> <c> <c> <c> <c> <c> <c>
1 3301059485 Nov-2005 01-Jan-2005 VA 80.00 104,000.00
1 6211640625 Sep-2005 01-Jan-2005 SC 102.60 119,950.00
1 6280089514 May-2005 01-Feb-2005 TX 76.80 333,700.00
1 6937466032 Nov-2005 01-Jan-2005 OH 80.00 73,600.00
1 6946576060 Jul-2005 01-Jan-2005 NY 80.00 108,000.00
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>
1 3301059485 100,760.44 01-Dec-2005 (1) 6.375% 515.19
1 6211640625 118,270.63 01-Nov-2005 0 5.875% 1,109.39
1 6280089514 329,871.29 01-Nov-2005 0 5.875% 3,094.60
1 6937466032 72,679.78 01-Nov-2005 0 6.125% 712.18
1 6946576060 106,815.40 01-Nov-2005 0 6.125% 1,046.44
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 0.000% N/A Feb-2005 0.000% N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
<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 23 4,375,094.00 4,324,026.96 0 0.00 0.00
2 4 395,600.00 380,176.92 0 0.00 0.00
Total 27 4,770,694.00 4,704,203.88 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary
Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
1 0 0.00 0.00 0 0.00 0.00 20,723.72
2 0 0.00 0.00 0 0.00 0.00 80,887.91
Total 0 0.00 0.00 0 0.00 0.00 101,611.63
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 3301029926 OK 80.00 01-Feb-2005 79,200.00 78,331.29
1 3301075705 MD 80.00 01-Feb-2005 71,200.00 70,381.59
1 3301229724 GA 65.75 01-Feb-2005 60,200.00 59,569.54
1 6062191017 CA 41.37 01-Feb-2005 120,000.00 118,620.71
1 6161013047 FL 76.19 01-Feb-2005 160,000.00 158,365.13
1 6213229401 TX 100.00 01-Jan-2005 224,900.00 222,201.99
1 6273365913 TX 80.00 01-Feb-2005 150,000.00 147,483.05
1 6284846299 NJ 78.63 01-Dec-2004 346,000.00 339,513.34
1 6304445627 FL 62.48 01-Feb-2005 149,900.00 148,331.47
1 6391138234 VA 80.00 01-Feb-2005 80,000.00 79,162.90
1 6421388460 FL 29.52 01-Feb-2005 93,000.00 92,026.91
1 6423582037 CA 69.98 01-Jan-2005 524,900.00 518,749.25
1 6485695479 GA 80.00 01-Jan-2005 160,000.00 157,591.15
1 6558357791 TX 64.18 01-Jan-2005 276,000.00 272,765.85
1 6607573513 FL 60.00 01-Jan-2005 105,000.00 103,710.54
1 6640593809 CA 69.98 01-Jan-2005 524,900.00 518,749.25
1 6678083665 AZ 63.89 01-Feb-2005 75,900.00 75,086.86
1 6762053533 CA 77.41 01-Jan-2005 240,000.00 237,047.17
1 6783848994 CA 40.00 01-Jan-2005 246,000.00 242,907.82
1 6859022151 NC 71.67 01-Feb-2005 62,000.00 61,335.71
1 6862493696 CA 79.99 01-Dec-2004 350,219.00 345,548.12
1 6914944019 PA 80.00 01-Jan-2005 134,400.00 132,435.73
1 6981719914 MD 75.00 01-Jan-2005 141,375.00 139,066.14
2 3301068874 CA 24.63 01-Jan-2005 82,500.00 78,672.52
2 6303413766 MA 49.05 01-Jan-2005 130,000.00 124,373.78
2 6373977757 CA 22.13 01-Jan-2005 84,100.00 80,496.63
2 6472214680 CA 90.00 01-Feb-2005 99,000.00 95,160.35
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 3301029926 Loan Paid in Full 0 6.125% 360 10
1 3301075705 Loan Paid in Full 0 5.875% 360 10
1 3301229724 Loan Paid in Full 0 6.375% 360 10
1 6062191017 Loan Paid in Full 0 5.875% 360 10
1 6161013047 Loan Paid in Full 1 6.500% 360 10
1 6213229401 Loan Paid in Full 0 6.125% 360 11
1 6273365913 Loan Paid in Full 0 6.000% 360 10
1 6284846299 Loan Paid in Full 0 6.500% 360 12
1 6304445627 Loan Paid in Full 0 6.375% 360 10
1 6391138234 Loan Paid in Full 0 6.375% 360 10
1 6421388460 Loan Paid in Full 0 6.375% 360 10
1 6423582037 Loan Paid in Full 0 6.250% 360 11
1 6485695479 Loan Paid in Full 0 5.875% 360 11
1 6558357791 Loan Paid in Full 0 6.250% 360 11
1 6607573513 Loan Paid in Full 0 6.000% 360 11
1 6640593809 Loan Paid in Full 0 6.250% 360 11
1 6678083665 Loan Paid in Full 0 6.250% 360 10
1 6762053533 Loan Paid in Full 0 6.125% 360 11
1 6783848994 Loan Paid in Full 0 5.875% 360 11
1 6859022151 Loan Paid in Full 0 6.250% 360 10
1 6862493696 Loan Paid in Full 0 6.000% 360 12
1 6914944019 Loan Paid in Full 0 6.250% 360 11
1 6981719914 Loan Paid in Full 0 6.000% 360 11
2 3301068874 Loan Paid in Full 0 4.875% 180 11
2 6303413766 Loan Paid in Full 0 5.750% 180 11
2 6373977757 Loan Paid in Full 0 5.875% 180 11
2 6472214680 Loan Paid in Full 0 6.000% 180 10
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.964% Current Month 21.178% Current Month 1,009.828%
3 Month Average 1.535% 3 Month Average 16.883% 3 Month Average 881.405%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 5.867% N/A Feb-2005 5,940.581% N/A
Mar-2005 6.405% N/A Mar-2005 2,155.414% N/A
Apr-2005 12.134% N/A Apr-2005 2,425.010% N/A
May-2005 6.979% N/A May-2005 996.275% N/A
Jun-2005 9.454% N/A Jun-2005 1,049.636% N/A
Jul-2005 16.375% N/A Jul-2005 1,488.454% N/A
Aug-2005 21.007% N/A Aug-2005 1,616.471% N/A
Sep-2005 19.060% N/A Sep-2005 1,271.312% N/A
Oct-2005 13.314% N/A Oct-2005 783.522% N/A
Nov-2005 16.156% N/A Nov-2005 850.866% N/A
Dec-2005 21.178% N/A Dec-2005 1,009.828% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.136% Current Month 22.828% Current Month 1,087.171%
3 Month Average 1.597% 3 Month Average 17.488% 3 Month Average 914.274%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 5.860% N/A Feb-2005 5,808.078% N/A
Mar-2005 7.226% N/A Mar-2005 2,414.105% N/A
Apr-2005 12.493% N/A Apr-2005 2,485.328% N/A
May-2005 7.926% N/A May-2005 1,127.705% N/A
Jun-2005 9.935% N/A Jun-2005 1,100.275% N/A
Jul-2005 18.359% N/A Jul-2005 1,665.508% N/A
Aug-2005 21.578% N/A Aug-2005 1,657.329% N/A
Sep-2005 20.586% N/A Sep-2005 1,370.743% N/A
Oct-2005 15.734% N/A Oct-2005 924.565% N/A
Nov-2005 13.902% N/A Nov-2005 731.086% N/A
Dec-2005 22.828% N/A Dec-2005 1,087.171% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.114% Current Month 12.576% Current Month 603.205%
3 Month Average 1.224% 3 Month Average 13.139% 3 Month Average 676.659%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 5.900% N/A Feb-2005 6,696.789% N/A
Mar-2005 2.202% N/A Mar-2005 768.961% N/A
Apr-2005 10.323% N/A Apr-2005 2,111.427% N/A
May-2005 2.116% N/A May-2005 307.250% N/A
Jun-2005 7.020% N/A Jun-2005 789.551% N/A
Jul-2005 5.823% N/A Jul-2005 534.393% N/A
Aug-2005 18.134% N/A Aug-2005 1,408.206% N/A
Sep-2005 11.135% N/A Sep-2005 748.999% N/A
Oct-2005 0.509% N/A Oct-2005 30.155% N/A
Nov-2005 26.333% N/A Nov-2005 1,396.618% N/A
Dec-2005 12.576% N/A Dec-2005 603.205% 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