UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 27, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-11
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-41
Pooling and Servicing Agreement) (Commission 54-2188567
(State or other File Number) 54-2188568
jurisdiction 54-2188569
of Incorporation) 54-6688640
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
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-11
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 2005-11 Trust, relating to the
December 27, 2005 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-11 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 2005-11 Trust,
relating to the December 27, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 11/30/2005
Distribution Date: 12/27/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2005-11
Contact: CTSLink Customer Service
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
@ www.ctslink.com/cmbs
Telephone: (301) 815-6600
Fax: (301) 815-6600
Certificateholder Distribution Summary
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
1-A-1 05949CND4 5.75000% 100,000,000.00 479,166.67
1-A-2 05949CNE2 5.75000% 2,565,000.00 12,290.63
1-A-3 05949CNF9 4.94000% 7,500,000.00 30,875.00
1-A-4 05949CNG7 0.81000% 0.00 5,062.50
1-A-5 05949CNH5 5.75000% 57,594,000.00 275,971.25
1-A-6 05949CNJ1 5.75000% 1,477,000.00 7,077.29
1-A-7 05949CNK8 5.75000% 36,621,000.00 175,475.63
1-A-8 05949CNL6 5.75000% 24,752,000.00 118,603.33
1-A-9 05949CNM4 5.75000% 12,232,000.00 58,611.67
1-A-10 05949CNN2 6.00000% 20,000,000.00 100,000.00
1-A-11 05949CNP7 0.00000% 869,566.00 0.00
1-A-12 05949CNQ5 5.75000% 14,997,434.00 71,862.70
1-A-R 05949CNR3 5.75000% 100.00 0.48
30-PO 05949CNS1 0.00000% 9,363,169.00 0.00
2-A-1 05949CNT9 5.25000% 46,932,000.00 205,327.50
3-A-1 05949CNU6 5.50000% 24,308,000.00 111,411.67
X-IO 05949CNV4 5.75000% 0.00 8,989.01
15-PO 05949CNW2 0.00000% 2,621,052.00 0.00
B-1 05949CNX0 5.66500% 5,011,000.00 23,656.10
B-2 05949CNY8 5.66500% 1,670,000.00 7,883.79
B-3 05949CNZ5 5.66500% 928,000.00 4,380.93
B-4 05949CPA8 5.66500% 556,000.00 2,624.78
B-5 05949CPB6 5.66500% 557,000.00 2,629.50
B-6 05949CPC4 5.66500% 557,029.00 2,629.64
Totals 371,111,350.00 1,704,530.07
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
1-A-1 1,108,726.34 0.00 98,891,273.66 1,587,893.01 0.00
1-A-2 28,438.83 0.00 2,536,561.17 40,729.46 0.00
1-A-3 38,110.70 0.00 7,461,889.30 68,985.70 0.00
1-A-4 0.00 0.00 0.00 5,062.50 0.00
1-A-5 0.00 0.00 57,594,000.00 275,971.25 0.00
1-A-6 0.00 0.00 1,477,000.00 7,077.29 0.00
1-A-7 366,210.00 0.00 36,254,790.00 541,685.63 0.00
1-A-8 246,691.86 0.00 24,505,308.14 365,295.19 0.00
1-A-9 0.00 0.00 12,232,000.00 58,611.67 0.00
1-A-10 0.00 0.00 20,000,000.00 100,000.00 0.00
1-A-11 0.00 0.00 869,566.00 0.00 0.00
1-A-12 0.00 0.00 14,997,434.00 71,862.70 0.00
1-A-R 100.00 0.00 0.00 100.48 0.00
30-PO 23,202.99 0.00 9,339,966.01 23,202.99 0.00
2-A-1 189,450.08 0.00 46,742,549.92 394,777.58 0.00
3-A-1 132,541.37 0.00 24,175,458.63 243,953.04 0.00
X-IO 0.00 0.00 0.00 8,989.01 0.00
15-PO 10,370.42 0.00 2,610,681.60 10,370.42 0.00
B-1 8,004.12 0.00 5,002,995.88 31,660.22 0.00
B-2 2,667.51 0.00 1,667,332.49 10,551.30 0.00
B-3 1,482.30 0.00 926,517.70 5,863.23 0.00
B-4 888.10 0.00 555,111.90 3,512.88 0.00
B-5 889.70 0.00 556,110.30 3,519.20 0.00
B-6 889.61 0.00 556,139.39 3,519.25 0.00
Totals 2,158,663.93 0.00 368,952,686.09 3,863,194.00 0.00
<FN>
This report has been compiled from information provided to Wells Fargo Bank, N.A., by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so.Wells Fargo Bank, N.A., expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Class Original Beginning Scheduled UnScheduled Accretion Realized
Face Certificate Principal Principal Loss
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A-1 100,000,000.00 100,000,000.00 182,374.76 926,351.58 0.00 0.00
1-A-2 2,565,000.00 2,565,000.00 4,677.91 23,760.92 0.00 0.00
1-A-3 7,500,000.00 7,500,000.00 6,268.84 31,841.86 0.00 0.00
1-A-4 0.00 0.00 0.00 0.00 0.00 0.00
1-A-5 57,594,000.00 57,594,000.00 0.00 0.00 0.00 0.00
1-A-6 1,477,000.00 1,477,000.00 0.00 0.00 0.00 0.00
1-A-7 36,621,000.00 36,621,000.00 60,238.00 305,972.00 0.00 0.00
1-A-8 24,752,000.00 24,752,000.00 40,578.42 206,113.44 0.00 0.00
1-A-9 12,232,000.00 12,232,000.00 0.00 0.00 0.00 0.00
1-A-10 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00
1-A-11 869,566.00 869,566.00 0.00 0.00 0.00 0.00
1-A-12 14,997,434.00 14,997,434.00 0.00 0.00 0.00 0.00
1-A-R 100.00 100.00 16.45 83.55 0.00 0.00
30-PO 9,363,169.00 9,363,169.00 10,251.80 12,951.19 0.00 0.00
2-A-1 46,932,000.00 46,932,000.00 174,113.96 15,336.12 0.00 0.00
3-A-1 24,308,000.00 24,308,000.00 90,041.25 42,500.12 0.00 0.00
X-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 2,621,052.00 2,621,052.00 9,870.04 500.38 0.00 0.00
B-1 5,011,000.00 5,011,000.00 8,004.12 0.00 0.00 0.00
B-2 1,670,000.00 1,670,000.00 2,667.51 0.00 0.00 0.00
B-3 928,000.00 928,000.00 1,482.30 0.00 0.00 0.00
B-4 556,000.00 556,000.00 888.10 0.00 0.00 0.00
B-5 557,000.00 557,000.00 889.70 0.00 0.00 0.00
B-6 557,029.00 557,029.00 889.61 0.00 0.00 0.00
Totals 371,111,350.00 371,111,350.00 593,252.77 1,565,411.16 0.00 0.00
Principal Distribution Statement (continued)
Class Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-A-1 1,108,726.34 98,891,273.66 0.988913 1,108,726.34
1-A-2 28,438.83 2,536,561.17 0.988913 28,438.83
1-A-3 38,110.70 7,461,889.30 0.994919 38,110.70
1-A-4 0.00 0.00 0.000000 0.00
1-A-5 0.00 57,594,000.00 1.000000 0.00
1-A-6 0.00 1,477,000.00 1.000000 0.00
1-A-7 366,210.00 36,254,790.00 0.990000 366,210.00
1-A-8 246,691.86 24,505,308.14 0.990033 246,691.86
1-A-9 0.00 12,232,000.00 1.000000 0.00
1-A-10 0.00 20,000,000.00 1.000000 0.00
1-A-11 0.00 869,566.00 1.000000 0.00
1-A-12 0.00 14,997,434.00 1.000000 0.00
1-A-R 100.00 0.00 0.000000 100.00
30-PO 23,202.99 9,339,966.01 0.997522 23,202.99
2-A-1 189,450.08 46,742,549.92 0.995963 189,450.08
3-A-1 132,541.37 24,175,458.63 0.994547 132,541.37
X-IO 0.00 0.00 0.000000 0.00
15-PO 10,370.42 2,610,681.60 0.996043 10,370.42
B-1 8,004.12 5,002,995.88 0.998403 8,004.12
B-2 2,667.51 1,667,332.49 0.998403 2,667.51
B-3 1,482.30 926,517.70 0.998403 1,482.30
B-4 888.10 555,111.90 0.998403 888.10
B-5 889.70 556,110.30 0.998403 889.70
B-6 889.61 556,139.39 0.998403 889.61
Totals 2,158,663.93 368,952,686.09 0.994183 2,158,663.93
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 100,000,000.00 1000.000000 1.823748 9.263516 0.000000
1-A-2 2,565,000.00 1000.000000 1.823747 9.263517 0.000000
1-A-3 7,500,000.00 1000.000000 0.835845 4.245581 0.000000
1-A-4 0.00 0.000000 0.000000 0.000000 0.000000
1-A-5 57,594,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-6 1,477,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-7 36,621,000.00 1000.000000 1.644903 8.355097 0.000000
1-A-8 24,752,000.00 1000.000000 1.639400 8.327143 0.000000
1-A-9 12,232,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-10 20,000,000.00 1000.000000 0.000000 0.000000 0.000000
1-A-11 869,566.00 1000.000000 0.000000 0.000000 0.000000
1-A-12 14,997,434.00 1000.000000 0.000000 0.000000 0.000000
1-A-R 100.00 1000.000000 164.500000 835.500000 0.000000
30-PO 9,363,169.00 1000.000000 1.094907 1.383206 0.000000
2-A-1 46,932,000.00 1000.000000 3.709920 0.326773 0.000000
3-A-1 24,308,000.00 1000.000000 3.704182 1.748401 0.000000
X-IO 0.00 0.000000 0.000000 0.000000 0.000000
15-PO 2,621,052.00 1000.000000 3.765679 0.190908 0.000000
B-1 5,011,000.00 1000.000000 1.597310 0.000000 0.000000
B-2 1,670,000.00 1000.000000 1.597311 0.000000 0.000000
B-3 928,000.00 1000.000000 1.597306 0.000000 0.000000
B-4 556,000.00 1000.000000 1.597302 0.000000 0.000000
B-5 557,000.00 1000.000000 1.597307 0.000000 0.000000
B-6 557,029.00 1000.000000 1.597062 0.000000 0.000000
Principal Distribution Factors Statement (continued)
Class Realized Total Ending Ending Total
Loss Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A-1 0.000000 11.087263 988.912737 0.988913 11.087263
1-A-2 0.000000 11.087263 988.912737 0.988913 11.087263
1-A-3 0.000000 5.081427 994.918573 0.994919 5.081427
1-A-4 0.000000 0.000000 0.000000 0.000000 0.000000
1-A-5 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-6 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-7 0.000000 10.000000 990.000000 0.990000 10.000000
1-A-8 0.000000 9.966543 990.033457 0.990033 9.966543
1-A-9 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-10 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-11 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-12 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-A-R 0.000000 1,000.000000 0.000000 0.000000 1,000.000000
30-PO 0.000000 2.478113 997.521887 0.997522 2.478113
2-A-1 0.000000 4.036693 995.963307 0.995963 4.036693
3-A-1 0.000000 5.452582 994.547418 0.994547 5.452582
X-IO 0.000000 0.000000 0.000000 0.000000 0.000000
15-PO 0.000000 3.956587 996.043421 0.996043 3.956587
B-1 0.000000 1.597310 998.402690 0.998403 1.597310
B-2 0.000000 1.597311 998.402689 0.998403 1.597311
B-3 0.000000 1.597306 998.402694 0.998403 1.597306
B-4 0.000000 1.597302 998.402698 0.998403 1.597302
B-5 0.000000 1.597307 998.402693 0.998403 1.597307
B-6 0.000000 1.597062 998.402938 0.998403 1.597062
<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-A-1 11/01/05 - 11/30/05 30 5.75000% 100,000,000.00 479,166.67 0.00
1-A-2 11/01/05 - 11/30/05 30 5.75000% 2,565,000.00 12,290.63 0.00
1-A-3 11/25/05 - 12/24/05 30 4.94000% 7,500,000.00 30,875.00 0.00
1-A-4 11/25/05 - 12/24/05 30 0.81000% 7,500,000.00 5,062.50 0.00
1-A-5 11/01/05 - 11/30/05 30 5.75000% 57,594,000.00 275,971.25 0.00
1-A-6 11/01/05 - 11/30/05 30 5.75000% 1,477,000.00 7,077.29 0.00
1-A-7 11/01/05 - 11/30/05 30 5.75000% 36,621,000.00 175,475.63 0.00
1-A-8 11/01/05 - 11/30/05 30 5.75000% 24,752,000.00 118,603.33 0.00
1-A-9 11/01/05 - 11/30/05 30 5.75000% 12,232,000.00 58,611.67 0.00
1-A-10 11/01/05 - 11/30/05 30 6.00000% 20,000,000.00 100,000.00 0.00
1-A-11 N/A N/A 0.00000% 869,566.00 0.00 0.00
1-A-12 11/01/05 - 11/30/05 30 5.75000% 14,997,434.00 71,862.70 0.00
1-A-R 11/01/05 - 11/30/05 30 5.75000% 100.00 0.48 0.00
30-PO N/A N/A 0.00000% 9,363,169.00 0.00 0.00
2-A-1 11/01/05 - 11/30/05 30 5.25000% 46,932,000.00 205,327.50 0.00
3-A-1 11/01/05 - 11/30/05 30 5.50000% 24,308,000.00 111,411.67 0.00
X-IO 11/01/05 - 11/30/05 30 5.75000% 1,875,967.82 8,989.01 0.00
15-PO N/A N/A 0.00000% 2,621,052.00 0.00 0.00
B-1 11/01/05 - 11/30/05 30 5.66500% 5,011,000.00 23,656.10 0.00
B-2 11/01/05 - 11/30/05 30 5.66500% 1,670,000.00 7,883.79 0.00
B-3 11/01/05 - 11/30/05 30 5.66500% 928,000.00 4,380.93 0.00
B-4 11/01/05 - 11/30/05 30 5.66500% 556,000.00 2,624.78 0.00
B-5 11/01/05 - 11/30/05 30 5.66500% 557,000.00 2,629.50 0.00
B-6 11/01/05 - 11/30/05 30 5.66500% 557,029.00 2,629.64 0.00
Totals 1,704,530.07 0.00
Interest Distribution Statement (continued)
Class Current Non-Supported Total Remaining Ending
Interest Interest Interest Unpaid Interest Certificate/Notional
Shortfall(1) Shortfall Distribution Shortfall(2) Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.00 0.00 479,166.67 0.00 98,891,273.66
1-A-2 0.00 0.00 12,290.63 0.00 2,536,561.17
1-A-3 0.00 0.00 30,875.00 0.00 7,461,889.30
1-A-4 0.00 0.00 5,062.50 0.00 7,461,889.30
1-A-5 0.00 0.00 275,971.25 0.00 57,594,000.00
1-A-6 0.00 0.00 7,077.29 0.00 1,477,000.00
1-A-7 0.00 0.00 175,475.63 0.00 36,254,790.00
1-A-8 0.00 0.00 118,603.33 0.00 24,505,308.14
1-A-9 0.00 0.00 58,611.67 0.00 12,232,000.00
1-A-10 0.00 0.00 100,000.00 0.00 20,000,000.00
1-A-11 0.00 0.00 0.00 0.00 869,566.00
1-A-12 0.00 0.00 71,862.70 0.00 14,997,434.00
1-A-R 0.00 0.00 0.48 0.00 0.00
30-PO 0.00 0.00 0.00 0.00 9,339,966.01
2-A-1 0.00 0.00 205,327.50 0.00 46,742,549.92
3-A-1 0.00 0.00 111,411.67 0.00 24,175,458.63
X-IO 0.00 0.00 8,989.01 0.00 1,821,583.15
15-PO 0.00 0.00 0.00 0.00 2,610,681.60
B-1 0.00 0.00 23,656.10 0.00 5,002,995.88
B-2 0.00 0.00 7,883.79 0.00 1,667,332.49
B-3 0.00 0.00 4,380.93 0.00 926,517.70
B-4 0.00 0.00 2,624.78 0.00 555,111.90
B-5 0.00 0.00 2,629.50 0.00 556,110.30
B-6 0.00 0.00 2,629.64 0.00 556,139.39
Totals 0.00 0.00 1,704,530.07 0.00
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable
</FN>
Interest Distribution Factors Statement
Class Accrual Original Current Beginning Current Payment of
Dates Face Certificate Certificate/Notional Accrued Unpaid Interest
Amount Rate Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A-1 11/01/05 - 11/30/05 100,000,000.00 5.75000% 1000.000000 4.791667 0.000000
1-A-2 11/01/05 - 11/30/05 2,565,000.00 5.75000% 1000.000000 4.791669 0.000000
1-A-3 11/25/05 - 12/24/05 7,500,000.00 4.94000% 1000.000000 4.116667 0.000000
1-A-4 11/25/05 - 12/24/05 0.00 0.81000% 1000.000000 0.675000 0.000000
1-A-5 11/01/05 - 11/30/05 57,594,000.00 5.75000% 1000.000000 4.791667 0.000000
1-A-6 11/01/05 - 11/30/05 1,477,000.00 5.75000% 1000.000000 4.791666 0.000000
1-A-7 11/01/05 - 11/30/05 36,621,000.00 5.75000% 1000.000000 4.791667 0.000000
1-A-8 11/01/05 - 11/30/05 24,752,000.00 5.75000% 1000.000000 4.791667 0.000000
1-A-9 11/01/05 - 11/30/05 12,232,000.00 5.75000% 1000.000000 4.791667 0.000000
1-A-10 11/01/05 - 11/30/05 20,000,000.00 6.00000% 1000.000000 5.000000 0.000000
1-A-11 N/A 869,566.00 0.00000% 1000.000000 0.000000 0.000000
1-A-12 11/01/05 - 11/30/05 14,997,434.00 5.75000% 1000.000000 4.791666 0.000000
1-A-R 11/01/05 - 11/30/05 100.00 5.75000% 1000.000000 4.800000 0.000000
30-PO N/A 9,363,169.00 0.00000% 1000.000000 0.000000 0.000000
2-A-1 11/01/05 - 11/30/05 46,932,000.00 5.25000% 1000.000000 4.375000 0.000000
3-A-1 11/01/05 - 11/30/05 24,308,000.00 5.50000% 1000.000000 4.583333 0.000000
X-IO 11/01/05 - 11/30/05 0.00 5.75000% 1000.000437 4.791667 0.000000
15-PO N/A 2,621,052.00 0.00000% 1000.000000 0.000000 0.000000
B-1 11/01/05 - 11/30/05 5,011,000.00 5.66500% 1000.000000 4.720834 0.000000
B-2 11/01/05 - 11/30/05 1,670,000.00 5.66500% 1000.000000 4.720832 0.000000
B-3 11/01/05 - 11/30/05 928,000.00 5.66500% 1000.000000 4.720830 0.000000
B-4 11/01/05 - 11/30/05 556,000.00 5.66500% 1000.000000 4.720827 0.000000
B-5 11/01/05 - 11/30/05 557,000.00 5.66500% 1000.000000 4.720826 0.000000
B-6 11/01/05 - 11/30/05 557,029.00 5.66500% 1000.000000 4.720831 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
1-A-1 0.000000 0.000000 4.791667 0.000000 988.912737
1-A-2 0.000000 0.000000 4.791669 0.000000 988.912737
1-A-3 0.000000 0.000000 4.116667 0.000000 994.918573
1-A-4 0.000000 0.000000 0.675000 0.000000 994.918573
1-A-5 0.000000 0.000000 4.791667 0.000000 1000.000000
1-A-6 0.000000 0.000000 4.791666 0.000000 1000.000000
1-A-7 0.000000 0.000000 4.791667 0.000000 990.000000
1-A-8 0.000000 0.000000 4.791667 0.000000 990.033457
1-A-9 0.000000 0.000000 4.791667 0.000000 1000.000000
1-A-10 0.000000 0.000000 5.000000 0.000000 1000.000000
1-A-11 0.000000 0.000000 0.000000 0.000000 1000.000000
1-A-12 0.000000 0.000000 4.791666 0.000000 1000.000000
1-A-R 0.000000 0.000000 4.800000 0.000000 0.000000
30-PO 0.000000 0.000000 0.000000 0.000000 997.521887
2-A-1 0.000000 0.000000 4.375000 0.000000 995.963307
3-A-1 0.000000 0.000000 4.583333 0.000000 994.547418
X-IO 0.000000 0.000000 4.791667 0.000000 971.010231
15-PO 0.000000 0.000000 0.000000 0.000000 996.043421
B-1 0.000000 0.000000 4.720834 0.000000 998.402690
B-2 0.000000 0.000000 4.720832 0.000000 998.402689
B-3 0.000000 0.000000 4.720830 0.000000 998.402694
B-4 0.000000 0.000000 4.720827 0.000000 998.402698
B-5 0.000000 0.000000 4.720826 0.000000 998.402693
B-6 0.000000 0.000000 4.720831 0.000000 998.402938
<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>
X-IO-1 5.75000% 1,648,674.95 1,595,049.50 0.00 0.00 96.74735773%
X-IO-3 5.75000% 227,292.87 226,533.65 0.00 0.00 99.66635429%
15-PO-2 0.00000% 0.00 0.00 2,207,366.00 2,198,678.76 99.60644315%
15-PO-3 0.00000% 0.00 0.00 413,686.00 412,002.84 99.59313102%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,942,519.05
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 3,942,519.05
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 0.00
Total Administration Fees 79,325.05
Payment of Interest and Principal 3,863,194.00
Total Withdrawals (Pool Distribution Amount) 3,942,519.05
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* 77,314.87
Trustee Fee - Wells Fargo Bank, N.A. 2,010.18
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 79,325.05
<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>
Class 1-A-3 Reserve 0.00 0.00 0.00 0.00
Fund
OTHER ACCOUNTS
Account Name Funds In (A) Funds Out(B) Net Amount(A - B)
<s> <c> <c> <c>
Class 1-A-3 Cap 0.00 0.00 0.00
Payment
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.768150%
Weighted Average Pass-Through Rate 5.511650%
Weighted Average Remaining Term 320
Beginning Scheduled Collateral Loan Count 765
Number Of Loans Paid In Full 3
Ending Scheduled Collateral Loan Count 762
Beginning Scheduled Collateral Balance 371,111,350.00
Ending Scheduled Collateral Balance 368,952,686.87
Ending Actual Collateral Balance at 30-Nov-2005 369,423,674.04
Monthly P&I Constant 2,377,107.98
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 3,760,624.09
Class AP Deferred Amount 0.00
Scheduled Principal 593,252.92
Unscheduled Principal 1,565,411.15
Group Level Collateral Statement
<s> <c> <c>
Group Group One Group Two Group Three
Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed
Weighted Average Coupon Rate 5.856314 5.276564 5.718311
Weighted Average Net Rate 5.606313 5.026565 5.468311
Weighted Average Remaining Term 357 178 176
Beginning Loan Count 614 102 49
Loans Paid In Full 3 0 0
Ending Loan Count 611 102 49
Beginning Scheduled Balance 295,355,801.02 50,399,694.60 25,355,855.32
Ending Scheduled Balance 293,536,523.61 50,196,881.56 25,219,281.70
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 1,753,616.36 408,672.29 214,819.33
Scheduled Principal 312,202.88 187,057.93 93,992.11
Unscheduled Principal 1,507,074.53 15,755.11 42,581.51
Scheduled Interest 1,441,413.48 221,614.36 120,827.22
Servicing Fee 61,532.46 10,499.94 5,282.47
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 1,599.84 273.00 137.34
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,378,281.18 210,841.42 115,407.41
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 5.599813 5.020064 5.461811
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 5.768150
Weighted Average Net Rate 5.518150
Weighted Average Remaining Term 320
Beginning Loan Count 765
Loans Paid In Full 3
Ending Loan Count 762
Beginning Scheduled Balance 371,111,350.94
Ending scheduled Balance 368,952,686.87
Record Date 11/30/2005
Principal And Interest Constant 2,377,107.98
Scheduled Principal 593,252.92
Unscheduled Principal 1,565,411.15
Scheduled Interest 1,783,855.06
Servicing Fee 77,314.87
Master Servicing Fee 0.00
Trustee Fee 2,010.18
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,704,530.01
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 0.00
Prepayment Penalty Paid Count 0
Special Servicing Fee 0.00
Pass-Through Rate 5.511650
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Senior % 97.416228%
Subordinate % 2.583772%
Trigger Event Reporting
<s> <c>
DELINQUENCY1
Trigger Result Pass
Threshold Value N/A
Calculated Value N/A
CUMLOSS1
Trigger Result Pass
Threshold Value N/A
Calculated Value N/A
Shifting Interest Group 1 Delinquency/Loss Trigger
Trigger Result Pass
Threshold Value N/A
Calculated Value N/A
TWOTIMESTEST1
Trigger Result Pass
Threshold Value 0.050007%
Calculated Value 0.025003%
Sub Two Times Trigger
Trigger Result Pass
Threshold Value 0.000000%
Calculated Value 0.000000%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
Group One
CPR 5.960262%
Subordinate % 2.582105%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.417895%
Group Three
CPR 2.004078%
Subordinate % 2.542559%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.457441%
Group Two
CPR 0.375872%
Subordinate % 2.615205%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.384795%
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group One
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group Two
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group Three
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group One 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.
Group Two 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.
Group Three 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.
Group One 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.
Group Two 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.
Group Three 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Summary 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group One 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.
Group Two 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.
Group Three 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>
Group One 0 0.00 0.00 0.000%
Group Two 0 0.00 0.00 0.000%
Group Three 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A 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.
Group One
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A 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.
Group Two
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A 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.
Group Three
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A 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>
Group One 3 1,492,040.00 1,490,598.50 0 0.00 0.00
Group Two 0 0.00 0.00 0 0.00 0.00
Group Three 0 0.00 0.00 0 0.00 0.00
Total 3 1,492,040.00 1,490,598.50 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>
Group One 0 0.00 0.00 0 0.00 0.00 17,924.92
Group Two 0 0.00 0.00 0 0.00 0.00 15,755.11
Group Three 0 0.00 0.00 0 0.00 0.00 42,581.51
Total 0 0.00 0.00 0 0.00 0.00 76,261.54
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
Group One 3303148542 WA 78.70 01-Nov-2005 425,000.00 424,191.38
Group One 3303184422 CA 80.00 01-Nov-2005 535,040.00 533,946.33
Group One 6854385942 WA 80.00 01-Nov-2005 532,000.00 531,011.90
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
Group One 3303148542 Loan Paid in Full (1) 6.250% 360 1
Group One 3303184422 Loan Paid in Full (1) 5.875% 360 1
Group One 6854385942 Loan Paid in Full (1) 6.375% 360 1
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.422% Current Month 4.954% Current Month 2,443.751%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 4.954% N/A Dec-2005 2,443.751% 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.
Group One
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.511% Current Month 5.960% Current Month 3,048.539%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 5.960% N/A Dec-2005 3,048.539% 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.
Group Two
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.031% Current Month 0.376% Current Month 173.699%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 0.376% N/A Dec-2005 173.699% 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.
Group Three
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.169% Current Month 2.004% Current Month 772.990%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 N/A N/A Nov-2005 N/A N/A
Dec-2005 2.004% N/A Dec-2005 772.990% 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
Interest Rate Stratification
Summary Group One
Current Number of Aggregate Percentage of Number of Aggregate Percentage of
Interest Rate Loans Outstanding Balance(%) Loans Outstanding Balance(%)
Range(%) Balance($) Balance($)
<s> <c> <c> <c> <c> <c> <c>
< 4.750 0 0.00 0.000 0 0.00 0.000
4.750 4.999 6 3,202,107.92 0.868 0 0.00 0.000
5.000 5.249 19 9,494,319.10 2.573 1 534,571.65 0.182
5.250 5.499 76 37,268,308.91 10.101 19 9,277,113.74 3.160
5.500 5.749 123 62,323,709.16 16.892 76 39,110,862.21 13.324
5.750 5.999 346 165,092,086.48 44.746 327 155,240,783.42 52.886
6.000 6.249 148 70,260,352.26 19.043 147 69,589,012.84 23.707
6.250 6.499 41 18,505,535.28 5.016 40 17,872,834.61 6.089
6.500 6.749 4 1,747,265.78 0.474 3 1,312,356.19 0.447
6.750 6.999 2 1,059,001.98 0.287 1 598,988.95 0.204
>= 7.000 0 0.00 0.000 0 0.00 0.000
Total 765 368,952,686.87 100.000 614 293,536,523.61 100.000
Interest Rate Stratification (continued)
Group Two Group Three
Current Number of Aggregate Percentage of Number of Aggregate Percentage of
Interest Rate Loans Outstanding Balance(%) Loans Outstanding Balance(%)
Range(%) Balance($) Balance($)
<s> <c> <c> <c> <c> <c> <c>
< 4.750 0 0.00 0.000 0 0.00 0.000
4.750 4.999 6 3,202,107.92 6.379 0 0.00 0.000
5.000 5.249 18 8,959,747.45 17.849 0 0.00 0.000
5.250 5.499 57 27,991,195.17 55.763 0 0.00 0.000
5.500 5.749 21 10,043,831.02 20.009 26 13,169,015.93 52.218
5.750 5.999 0 0.00 0.000 19 9,851,303.06 39.063
6.000 6.249 0 0.00 0.000 1 671,339.42 2.662
6.250 6.499 0 0.00 0.000 1 632,700.67 2.509
6.500 6.749 0 0.00 0.000 1 434,909.59 1.725
6.750 6.999 0 0.00 0.000 1 460,013.03 1.824
>= 7.000 0 0.00 0.000 0 0.00 0.000
Total 102 50,196,881.56 100.000 49 25,219,281.70 100.000