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 2005-3
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-18
Pooling and Servicing Agreement) (Commission 54-2169430
(State or other File Number) 54-2169431
jurisdiction 54-6658761
of Incorporation) IRS EIN
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 2005-3
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 2005-3 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 2005-3 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 2005-3 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 2005-3
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-3 05948KYM5 5.50000% 1,295,001.44 5,935.42
1-CB-1 05948KYK9 4.69375% 160,541,043.92 627,949.60
1-CB-2 05948KYL7 0.80625% 0.00 107,863.51
1-CB-4 05948KYN3 5.50000% 1,929,160.80 8,841.99
1-CB-R 05948KYP8 5.50000% 0.00 0.00
1-CB-LR 05948KYQ6 5.50000% 0.00 0.00
2-A-1 05948KYR4 5.50000% 38,887,845.81 178,235.96
A-IO 05948KYS2 5.50000% 0.00 52,574.56
A-PO 05948KYT0 0.00000% 1,733,166.33 0.00
B1 05948KYU7 5.50000% 4,603,265.93 21,098.30
B2 05948KYV5 5.50000% 1,770,182.95 8,113.34
B3 05948KYW3 5.50000% 1,061,912.20 4,867.10
B4 05948KYX1 5.50000% 944,360.99 4,328.32
B5 05948KYY9 5.50000% 589,731.71 2,702.94
B6 05948KYZ6 5.50000% 945,006.62 4,331.28
Totals 214,300,678.70 1,026,842.32
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-3 15,370.71 0.00 1,279,630.73 21,306.13 0.00
1-CB-1 1,905,503.01 0.00 158,635,540.91 2,533,452.61 0.00
1-CB-2 0.00 0.00 0.00 107,863.51 0.00
1-CB-4 22,897.71 0.00 1,906,263.09 31,739.70 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
2-A-1 295,517.63 0.00 38,592,328.17 473,753.59 0.00
A-IO 0.00 0.00 0.00 52,574.56 0.00
A-PO 6,769.46 0.00 1,726,396.88 6,769.46 0.00
B1 7,286.01 0.00 4,595,979.92 28,384.31 0.00
B2 2,801.83 0.00 1,767,381.12 10,915.17 0.00
B3 1,680.78 0.00 1,060,231.42 6,547.88 0.00
B4 1,494.73 0.00 942,866.27 5,823.05 0.00
B5 933.42 0.00 588,798.29 3,636.36 0.00
B6 1,495.66 0.00 943,510.87 5,826.94 0.00
Totals 2,261,750.95 0.00 212,038,927.67 3,288,593.27 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-3 1,456,000.00 1,295,001.44 1,354.27 14,016.44 0.00 0.00
1-CB-1 180,500,000.00 160,541,043.92 167,888.30 1,737,614.71 0.00 0.00
1-CB-2 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-4 2,169,000.00 1,929,160.80 2,017.45 20,880.26 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
2-A-1 42,893,000.00 38,887,845.81 150,241.78 145,275.85 0.00 0.00
A-IO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 1,905,663.00 1,733,166.33 5,782.28 987.18 0.00 0.00
B1 4,660,000.00 4,603,265.93 7,286.01 0.00 0.00 0.00
B2 1,792,000.00 1,770,182.95 2,801.83 0.00 0.00 0.00
B3 1,075,000.00 1,061,912.20 1,680.78 0.00 0.00 0.00
B4 956,000.00 944,360.99 1,494.73 0.00 0.00 0.00
B5 597,000.00 589,731.71 933.42 0.00 0.00 0.00
B6 956,653.00 945,006.62 1,495.66 0.00 0.00 0.00
Totals 238,960,416.00 214,300,678.70 342,976.51 1,918,774.44 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-3 15,370.71 1,279,630.73 0.878867 15,370.71
1-CB-1 1,905,503.01 158,635,540.91 0.878867 1,905,503.01
1-CB-2 0.00 0.00 0.000000 0.00
1-CB-4 22,897.71 1,906,263.09 0.878867 22,897.71
1-CB-R 0.00 0.00 0.000000 0.00
1-CB-LR 0.00 0.00 0.000000 0.00
2-A-1 295,517.63 38,592,328.17 0.899735 295,517.63
A-IO 0.00 0.00 0.000000 0.00
A-PO 6,769.46 1,726,396.88 0.905930 6,769.46
B1 7,286.01 4,595,979.92 0.986262 7,286.01
B2 2,801.83 1,767,381.12 0.986262 2,801.83
B3 1,680.78 1,060,231.42 0.986262 1,680.78
B4 1,494.73 942,866.27 0.986262 1,494.73
B5 933.42 588,798.29 0.986262 933.42
B6 1,495.66 943,510.87 0.986262 1,495.66
Totals 2,261,750.95 212,038,927.67 0.887339 2,261,750.95
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-3 1,456,000.00 889.424066 0.930130 9.626676 0.000000
1-CB-1 180,500,000.00 889.424066 0.930129 9.626674 0.000000
1-CB-2 0.00 0.000000 0.000000 0.000000 0.000000
1-CB-4 2,169,000.00 889.424066 0.930129 9.626676 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
2-A-1 42,893,000.00 906.624526 3.502711 3.386936 0.000000
A-IO 0.00 0.000000 0.000000 0.000000 0.000000
A-PO 1,905,663.00 909.482070 3.034262 0.518024 0.000000
B1 4,660,000.00 987.825307 1.563521 0.000000 0.000000
B2 1,792,000.00 987.825307 1.563521 0.000000 0.000000
B3 1,075,000.00 987.825302 1.563516 0.000000 0.000000
B4 956,000.00 987.825303 1.563525 0.000000 0.000000
B5 597,000.00 987.825310 1.563518 0.000000 0.000000
B6 956,653.00 987.825910 1.563430 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-3 0.000000 10.556806 878.867260 0.878867 10.556806
1-CB-1 0.000000 10.556803 878.867263 0.878867 10.556803
1-CB-2 0.000000 0.000000 0.000000 0.000000 0.000000
1-CB-4 0.000000 10.556805 878.867261 0.878867 10.556805
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
2-A-1 0.000000 6.889647 899.734879 0.899735 6.889647
A-IO 0.000000 0.000000 0.000000 0.000000 0.000000
A-PO 0.000000 3.552286 905.929789 0.905930 3.552286
B1 0.000000 1.563521 986.261785 0.986262 1.563521
B2 0.000000 1.563521 986.261786 0.986262 1.563521
B3 0.000000 1.563516 986.261786 0.986262 1.563516
B4 0.000000 1.563525 986.261789 0.986262 1.563525
B5 0.000000 1.563518 986.261792 0.986262 1.563518
B6 0.000000 1.563430 986.262386 0.986262 1.563430
<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-3 11/01/05 - 11/30/05 30 5.50000% 1,295,001.44 5,935.42 0.00
1-CB-1 11/25/05 - 12/24/05 30 4.69375% 160,541,043.92 627,949.60 0.00
1-CB-2 11/25/05 - 12/24/05 30 0.80625% 160,541,043.92 107,863.51 0.00
1-CB-4 11/01/05 - 11/30/05 30 5.50000% 1,929,160.80 8,841.99 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
2-A-1 11/01/05 - 11/30/05 30 5.50000% 38,887,845.81 178,235.96 0.00
A-IO 11/25/05 - 12/24/05 30 5.50000% 11,470,812.62 52,574.56 0.00
A-PO N/A N/A 0.00000% 1,733,166.33 0.00 0.00
B1 11/01/05 - 11/30/05 30 5.50000% 4,603,265.93 21,098.30 0.00
B2 11/01/05 - 11/30/05 30 5.50000% 1,770,182.95 8,113.34 0.00
B3 11/01/05 - 11/30/05 30 5.50000% 1,061,912.20 4,867.10 0.00
B4 11/01/05 - 11/30/05 30 5.50000% 944,360.99 4,328.32 0.00
B5 11/01/05 - 11/30/05 30 5.50000% 589,731.71 2,702.94 0.00
B6 11/01/05 - 11/30/05 30 5.50000% 945,006.62 4,331.28 0.00
Totals 1,026,842.32 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-3 0.00 0.00 5,935.42 0.00 1,279,630.73
1-CB-1 0.00 0.00 627,949.60 0.00 158,635,540.91
1-CB-2 0.00 0.00 107,863.51 0.00 158,635,540.91
1-CB-4 0.00 0.00 8,841.99 0.00 1,906,263.09
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
2-A-1 0.00 0.00 178,235.96 0.00 38,592,328.17
A-IO 0.00 0.00 52,574.56 0.00 11,326,553.17
A-PO 0.00 0.00 0.00 0.00 1,726,396.88
B1 0.00 0.00 21,098.30 0.00 4,595,979.92
B2 0.00 0.00 8,113.34 0.00 1,767,381.12
B3 0.00 0.00 4,867.10 0.00 1,060,231.42
B4 0.00 0.00 4,328.32 0.00 942,866.27
B5 0.00 0.00 2,702.94 0.00 588,798.29
B6 0.00 0.00 4,331.28 0.00 943,510.87
Totals 0.00 0.00 1,026,842.32 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-3 11/01/05 - 11/30/05 1,456,000.00 5.50000% 889.424066 4.076525 0.000000
1-CB-1 11/25/05 - 12/24/05 180,500,000.00 4.69375% 889.424066 3.478945 0.000000
1-CB-2 11/25/05 - 12/24/05 0.00 0.80625% 889.424066 0.597582 0.000000
1-CB-4 11/01/05 - 11/30/05 2,169,000.00 5.50000% 889.424066 4.076528 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
2-A-1 11/01/05 - 11/30/05 42,893,000.00 5.50000% 906.624526 4.155362 0.000000
A-IO 11/25/05 - 12/24/05 0.00 5.50000% 880.935902 4.037623 0.000000
A-PO N/A 1,905,663.00 0.00000% 909.482070 0.000000 0.000000
B1 11/01/05 - 11/30/05 4,660,000.00 5.50000% 987.825307 4.527532 0.000000
B2 11/01/05 - 11/30/05 1,792,000.00 5.50000% 987.825307 4.527533 0.000000
B3 11/01/05 - 11/30/05 1,075,000.00 5.50000% 987.825302 4.527535 0.000000
B4 11/01/05 - 11/30/05 956,000.00 5.50000% 987.825303 4.527531 0.000000
B5 11/01/05 - 11/30/05 597,000.00 5.50000% 987.825310 4.527538 0.000000
B6 11/01/05 - 11/30/05 956,653.00 5.50000% 987.825910 4.527535 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-3 0.000000 0.000000 4.076525 0.000000 878.867260
1-CB-1 0.000000 0.000000 3.478945 0.000000 878.867263
1-CB-2 0.000000 0.000000 0.597582 0.000000 878.867263
1-CB-4 0.000000 0.000000 4.076528 0.000000 878.867261
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
2-A-1 0.000000 0.000000 4.155362 0.000000 899.734879
A-IO 0.000000 0.000000 4.037623 0.000000 869.857060
A-PO 0.000000 0.000000 0.000000 0.000000 905.929789
B1 0.000000 0.000000 4.527532 0.000000 986.261785
B2 0.000000 0.000000 4.527533 0.000000 986.261786
B3 0.000000 0.000000 4.527535 0.000000 986.261786
B4 0.000000 0.000000 4.527531 0.000000 986.261789
B5 0.000000 0.000000 4.527538 0.000000 986.261792
B6 0.000000 0.000000 4.527535 0.000000 986.262386
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All classes are per $1,000 denomination.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-A-IO 5.50000% 11,111,218.99 10,968,798.95 0.00 0.00 86.94716362%
2-A-IO 5.50000% 359,593.63 357,754.22 0.00 0.00 88.18423349%
1-A-PO 0.00000% 0.00 0.00 370,789.30 370,142.77 91.89107660%
2-A-PO 0.00000% 0.00 0.00 1,362,377.04 1,356,254.10 90.24505326%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,335,114.38
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 3,335,114.38
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Total Administration Fees 46,521.11
Payment of Interest and Principal 3,288,593.27
Total Withdrawals (Pool Distribution Amount) 3,335,114.38
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* 44,645.98
Wells Fargo Bank, N.A. 1,875.13
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 46,521.11
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
Reserve Accounts
Account Name Beginning Current Withdrawals Current Deposits Ending Balance
Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 0.00 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.010415%
Weighted Average Pass-Through Rate 5.749915%
Weighted Average Remaining Term 316
Beginning Scheduled Collateral Loan Count 1,561
Number Of Loans Paid In Full 16
Ending Scheduled Collateral Loan Count 1,545
Beginning Scheduled Collateral Balance 214,300,678.69
Ending Scheduled Collateral Balance 212,038,927.66
Ending Actual Collateral Balance at 30-Nov-2005 212,327,878.65
Monthly P&I Constant 1,416,340.02
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 Non-PO Optimal Amount 3,213,920.64
Class AP Deferred Amount 0.00
Scheduled Principal 342,976.60
Unscheduled Principal 1,918,774.43
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 6.103622 5.629621 6.010415
Weighted Average Net Rate 5.853622 5.379621 5.760415
Weighted Average Remaining Term 351 171 316
Beginning Loan Count 1,227 334 1,561
Loans Paid In Full 14 2 16
Ending Loan Count 1,213 332 1,545
Beginning Scheduled Balance 172,160,857.77 42,139,820.92 214,300,678.69
Ending Scheduled Balance 170,208,047.70 41,830,879.96 212,038,927.66
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 1,055,750.15 360,589.87 1,416,340.02
Scheduled Principal 180,079.42 162,897.18 342,976.60
Unscheduled Principal 1,772,730.65 146,043.78 1,918,774.43
Scheduled Interest 875,670.73 197,692.69 1,073,363.42
Servicing Fee 35,866.85 8,779.13 44,645.98
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 1,506.41 368.72 1,875.13
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 838,297.47 188,544.84 1,026,842.31
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 5.843122 5.369121 5.749915
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Senior % 94.564821%
Subordinate % 5.435179%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1
CPR 11.691570%
Subordinate % 4.671319%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.328681%
2
CPR 4.096003%
Subordinate % 4.633929%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.366071%
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 10 0 0 0 10
1,869,872.08 0.00 0.00 0.00 1,869,872.08
60 Days 4 0 0 0 4
441,681.08 0.00 0.00 0.00 441,681.08
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 1 0 0 0 1
220,863.14 0.00 0.00 0.00 220,863.14
180+ Days 0 0 2 0 2
0.00 0.00 104,764.52 0.00 104,764.52
Totals 15 0 2 0 17
2,532,416.30 0.00 104,764.52 0.00 2,637,180.82
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.647249% 0.000000% 0.000000% 0.000000% 0.647249%
0.880653% 0.000000% 0.000000% 0.000000% 0.880653%
60 Days 0.258900% 0.000000% 0.000000% 0.000000% 0.258900%
0.208018% 0.000000% 0.000000% 0.000000% 0.208018%
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 0.064725% 0.000000% 0.000000% 0.000000% 0.064725%
0.104020% 0.000000% 0.000000% 0.000000% 0.104020%
180+ Days 0.000000% 0.000000% 0.129450% 0.000000% 0.129450%
0.000000% 0.000000% 0.049341% 0.000000% 0.049341%
Totals 0.970874% 0.000000% 0.129450% 0.000000% 1.100324%
1.192691% 0.000000% 0.049341% 0.000000% 1.242032%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 16,380.85
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
1
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
1,791,652.03 0.00 0.00 0.00 1,791,652.03
60 Days 4 0 0 0 4
441,681.08 0.00 0.00 0.00 441,681.08
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 1 0 1
0.00 0.00 87,325.34 0.00 87,325.34
Totals 13 0 1 0 14
2,233,333.11 0.00 87,325.34 0.00 2,320,658.45
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.741962% 0.000000% 0.000000% 0.000000% 0.741962%
1.051706% 0.000000% 0.000000% 0.000000% 1.051706%
60 Days 0.329761% 0.000000% 0.000000% 0.000000% 0.329761%
0.259268% 0.000000% 0.000000% 0.000000% 0.259268%
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% 0.082440% 0.000000% 0.082440%
0.000000% 0.000000% 0.051260% 0.000000% 0.051260%
Totals 1.071723% 0.000000% 0.082440% 0.000000% 1.154163%
1.310975% 0.000000% 0.051260% 0.000000% 1.362235%
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 1 0 0 0 1
78,220.05 0.00 0.00 0.00 78,220.05
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 1 0 0 0 1
220,863.14 0.00 0.00 0.00 220,863.14
180+ Days 0 0 1 0 1
0.00 0.00 17,439.18 0.00 17,439.18
Totals 2 0 1 0 3
299,083.19 0.00 17,439.18 0.00 316,522.37
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.301205% 0.000000% 0.000000% 0.000000% 0.301205%
0.186366% 0.000000% 0.000000% 0.000000% 0.186366%
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 0.301205% 0.000000% 0.000000% 0.000000% 0.301205%
0.526225% 0.000000% 0.000000% 0.000000% 0.526225%
180+ Days 0.000000% 0.000000% 0.301205% 0.000000% 0.301205%
0.000000% 0.000000% 0.041550% 0.000000% 0.041550%
Totals 0.602410% 0.000000% 0.301205% 0.000000% 0.903614%
0.712591% 0.000000% 0.041550% 0.000000% 0.754141%
180+ Delinquency Summary
Summary 1
Days Number of Aggregate Percentage of Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%) Loans Oustanding Balance(%)
Balance($) Balance($)
<s> <c> <c> <c> <c> <c> <c>
210 - 239 1 17,439.18 0.008 0 0.00 0.000
240 - 269 1 87,325.34 0.041 1 87,325.34 0.051
Total 2 104,764.52 0.049 1 87,325.34 0.051
180+ Delinquency Summary (continued)
2
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
210 - 239 1 17,439.18 0.042
240 - 269 0 0.00 0.000
Total 1 17,439.18 0.042
<FN>
This report includes all loans greater than 180 days delinquent
regardless of status (REO, Foreclosure, Bankruptcy).
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Jan-05 0.000%
Original Principal Balance 87,500.00 Feb-05 0.000%
Current Principal Balance 87,325.34 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 2 Jun-05 0.000%
Original Principal Balance 105,000.00 Jul-05 0.000%
Current Principal Balance 104,764.52 Aug-05 0.047%
Sep-05 0.047%
Oct-05 0.048%
Nov-05 0.008%
Dec-05 0.049%
*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 1 Jan-05 0.000%
Original Principal Balance 87,500.00 Feb-05 0.000%
Current Principal Balance 87,325.34 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 1 Jun-05 0.000%
Original Principal Balance 87,500.00 Jul-05 0.000%
Current Principal Balance 87,325.34 Aug-05 0.048%
Sep-05 0.049%
Oct-05 0.050%
Nov-05 0.000%
Dec-05 0.051%
*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 1 Jun-05 0.000%
Original Principal Balance 17,500.00 Jul-05 0.000%
Current Principal Balance 17,439.18 Aug-05 0.040%
Sep-05 0.040%
Oct-05 0.041%
Nov-05 0.041%
Dec-05 0.042%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
1 6366927017 Dec-2005 01-Feb-2005 NY 70.00 87,500.00
2 6209709820 Aug-2005 01-Apr-2005 NY 70.00 17,500.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
1 6366927017 87,325.34 01-Mar-2005 8 6.000% 4,169.00
2 6209709820 17,439.18 01-Apr-2005 7 5.875% 727.90
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Summary 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.041%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.051%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Group Loan Month Loan First State LTV at Original
Number Entered Payment Origination Principal
Bankruptcy Date Balance
<s> <c> <c> <c> <c> <c> <c>
No Bankruptcy Loans this Period
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)
Group Loan Current Paid To Months Current Approximate
Number Principal Date Delinquent Loan Rate Delinquent
Balance Interest
<s> <c> <c> <c> <c> <c> <c>
No Bankruptcy Loans this Period
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
1 0 0.00 0.00 0.000%
2 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A 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 14 1,752,940.00 1,727,008.94 0 0.00 0.00
2 2 257,899.00 135,275.99 0 0.00 0.00
Total 16 2,010,839.00 1,862,284.93 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 47,546.15
2 0 0.00 0.00 0 0.00 0.00 12,328.71
Total 0 0.00 0.00 0 0.00 0.00 59,874.86
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 3301361055 FL 65.03 01-Mar-2005 175,600.00 173,769.61
1 3301442806 CA 32.00 01-Mar-2005 160,000.00 158,482.06
1 3301487892 FL 65.23 01-Apr-2005 154,600.00 153,283.50
1 6067476488 VA 80.00 01-Mar-2005 143,920.00 142,488.55
1 6089407651 MD 90.00 01-Mar-2005 36,000.00 25,133.01
1 6141322328 FL 80.00 01-Apr-2005 116,800.00 115,828.81
1 6177068282 WI 70.00 01-Mar-2005 72,800.00 72,092.77
1 6252454779 CA 80.00 01-Apr-2005 400,000.00 396,428.65
1 6268925887 MI 80.00 01-Mar-2005 32,000.00 31,696.41
1 6394457177 WI 90.00 01-Apr-2005 114,300.00 113,303.31
1 6414348844 GA 80.00 01-Mar-2005 138,000.00 136,561.54
1 6695793379 TN 80.00 01-Mar-2005 69,320.00 68,692.93
1 6871509615 NC 80.00 01-Apr-2005 109,600.00 107,729.47
1 6931103748 NM 62.50 01-Mar-2005 30,000.00 29,693.88
2 3301046656 NC 79.12 01-Mar-2005 117,899.00 113,032.19
2 6251258478 OH 38.35 01-Mar-2005 140,000.00 20,682.88
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 3301361055 Loan Paid in Full 0 5.875% 360 9
1 3301442806 Loan Paid in Full 0 6.375% 360 9
1 3301487892 Loan Paid in Full 0 6.375% 360 8
1 6067476488 Loan Paid in Full 0 6.125% 360 9
1 6089407651 Loan Paid in Full (1) 6.250% 360 9
1 6141322328 Loan Paid in Full 0 6.500% 360 8
1 6177068282 Loan Paid in Full (1) 6.250% 360 9
1 6252454779 Loan Paid in Full 0 6.125% 360 8
1 6268925887 Loan Paid in Full 0 6.375% 360 9
1 6394457177 Loan Paid in Full 0 6.250% 360 8
1 6414348844 Loan Paid in Full 0 5.875% 360 9
1 6695793379 Loan Paid in Full (1) 6.625% 360 9
1 6871509615 Loan Paid in Full (1) 5.750% 360 8
1 6931103748 Loan Paid in Full 0 6.250% 360 9
2 3301046656 Loan Paid in Full 0 5.750% 180 9
2 6251258478 Loan Paid in Full (1) 5.875% 180 9
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.897% Current Month 10.246% Current Month 598.479%
3 Month Average 1.173% 3 Month Average 13.168% 3 Month Average 898.899%
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 8.249% N/A Apr-2005 7,207.437% N/A
May-2005 3.899% N/A May-2005 1,240.774% N/A
Jun-2005 15.101% N/A Jun-2005 2,936.809% N/A
Jul-2005 14.314% N/A Jul-2005 2,004.958% N/A
Aug-2005 21.792% N/A Aug-2005 2,385.664% N/A
Sep-2005 14.185% N/A Sep-2005 1,274.881% N/A
Oct-2005 16.192% N/A Oct-2005 1,234.107% N/A
Nov-2005 13.066% N/A Nov-2005 864.111% N/A
Dec-2005 10.246% N/A Dec-2005 598.479% 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 1.031% Current Month 11.692% Current Month 683.353%
3 Month Average 1.278% 3 Month Average 14.265% 3 Month Average 974.068%
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 6.356% N/A Apr-2005 5,609.661% N/A
May-2005 4.676% N/A May-2005 1,493.586% N/A
Jun-2005 17.114% N/A Jun-2005 3,335.372% N/A
Jul-2005 15.617% N/A Jul-2005 2,190.676% N/A
Aug-2005 24.339% N/A Aug-2005 2,667.705% N/A
Sep-2005 14.905% N/A Sep-2005 1,340.906% N/A
Oct-2005 17.842% N/A Oct-2005 1,361.037% N/A
Nov-2005 13.262% N/A Nov-2005 877.814% N/A
Dec-2005 11.692% N/A Dec-2005 683.353% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.348% Current Month 4.096% Current Month 238.590%
3 Month Average 0.741% 3 Month Average 8.478% 3 Month Average 578.762%
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 15.763% N/A Apr-2005 13,221.490% N/A
May-2005 0.560% N/A May-2005 175.559% N/A
Jun-2005 6.122% N/A Jun-2005 1,180.142% N/A
Jul-2005 8.664% N/A Jul-2005 1,206.387% N/A
Aug-2005 10.318% N/A Aug-2005 1,124.129% N/A
Sep-2005 11.162% N/A Sep-2005 999.177% N/A
Oct-2005 9.079% N/A Oct-2005 689.667% N/A
Nov-2005 12.258% N/A Nov-2005 808.028% N/A
Dec-2005 4.096% N/A Dec-2005 238.590% 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