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 2005-2
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-13
Pooling and Servicing Agreement) (Commission 54-2168071
(State or other File Number) 54-2168072
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On December 27, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-2
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 2005-2 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 2005-2 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 2005-2 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 2005-2
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
1-CB-1 05948KXQ7 5.50000% 17,960,000.00 82,316.67
1-CB-2 05948KXR5 5.50000% 113,955,486.52 522,295.98
1-CB-3 05948KXS3 5.50000% 19,054,774.06 87,334.38
1-CB-4 05948KXT1 5.50000% 7,669,225.94 35,150.62
1-CB-5 05948KXU8 5.50000% 367,000.00 1,682.08
1-CB-R 05948KXV6 5.50000% 0.00 0.00
1-CB-LR 05948KXW4 5.50000% 0.00 0.00
2-CB-1 05948KXX2 6.00000% 19,899,731.66 99,498.66
CB-IO 05948KXY0 5.50000% 0.00 48,610.57
3-A-1 05948KXZ7 5.00000% 24,529,897.85 102,207.91
A-PO 05948KYC7 0.00000% 627,465.31 0.00
4-A-1 05948KYA1 5.50000% 24,375,843.83 111,722.62
15-IO 05948KYB9 5.50000% 0.00 4,502.77
B-1 05948KYD5 5.49947% 5,128,207.83 23,502.04
B-2 05948KYE3 5.49947% 2,103,728.47 9,641.17
B-3 05948KYF0 5.49947% 1,182,977.59 5,421.46
B-4 05948KYG8 5.49947% 1,051,864.24 4,820.58
B-5 05948KYH6 5.49947% 788,651.72 3,614.31
B-6 05948KYJ2 5.49947% 921,122.96 4,221.41
Totals 239,615,977.98 1,146,543.23
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00 0.00 17,960,000.00 82,316.67 0.00
1-CB-2 3,329,211.26 0.00 110,626,275.26 3,851,507.24 0.00
1-CB-3 35,150.62 0.00 19,019,623.44 122,485.00 0.00
1-CB-4 (35,150.62) 0.00 7,704,376.56 0.00 0.00
1-CB-5 0.00 0.00 367,000.00 1,682.08 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-CB-1 108,901.53 0.00 19,790,830.14 208,400.19 0.00
CB-IO 0.00 0.00 0.00 48,610.57 0.00
3-A-1 162,460.45 0.00 24,367,437.40 264,668.36 0.00
A-PO 8,397.72 0.00 619,067.59 8,397.72 0.00
4-A-1 315,539.46 0.00 24,060,304.37 427,262.08 0.00
15-IO 0.00 0.00 0.00 4,502.77 0.00
B-1 8,467.82 0.00 5,119,740.01 31,969.86 0.00
B-2 3,473.73 0.00 2,100,254.74 13,114.90 0.00
B-3 1,953.36 0.00 1,181,024.22 7,374.82 0.00
B-4 1,736.86 0.00 1,050,127.37 6,557.44 0.00
B-5 1,302.24 0.00 787,349.48 4,916.55 0.00
B-6 1,520.74 0.00 919,601.98 5,742.15 0.00
Totals 3,942,965.17 0.00 235,673,012.56 5,089,508.40 0.00
<FN>
This report has been compiled from information provided to Wells Fargo Bank, N.A., by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so.Wells Fargo Bank, N.A., expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Class Original Beginning Scheduled UnScheduled Accretion Realized
Face Certificate Principal Principal Loss
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 17,960,000.00 17,960,000.00 0.00 0.00 0.00 0.00
1-CB-2 130,230,000.00 113,955,486.52 169,212.58 3,159,998.68 0.00 0.00
1-CB-3 19,364,000.00 19,054,774.06 1,786.59 33,364.03 0.00 0.00
1-CB-4 7,360,000.00 7,669,225.94 0.00 0.00 (35,150.62) 0.00
1-CB-5 367,000.00 367,000.00 0.00 0.00 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-CB-1 25,309,000.00 19,899,731.66 19,099.36 89,802.17 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 25,974,000.00 24,529,897.85 98,087.66 64,372.79 0.00 0.00
A-PO 672,363.00 627,465.31 1,946.53 6,451.19 0.00 0.00
4-A-1 28,143,000.00 24,375,843.83 93,459.28 222,080.18 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 5,202,000.00 5,128,207.83 8,467.82 0.00 0.00 0.00
B-2 2,134,000.00 2,103,728.47 3,473.73 0.00 0.00 0.00
B-3 1,200,000.00 1,182,977.59 1,953.36 0.00 0.00 0.00
B-4 1,067,000.00 1,051,864.24 1,736.86 0.00 0.00 0.00
B-5 800,000.00 788,651.72 1,302.24 0.00 0.00 0.00
B-6 934,376.00 921,122.96 1,520.74 0.00 0.00 0.00
Totals 266,716,839.00 239,615,977.98 402,046.75 3,576,069.04 (35,150.62) 0.00
Principal Distribution Statement (continued)
Class Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-CB-1 0.00 17,960,000.00 1.000000 0.00
1-CB-2 3,329,211.26 110,626,275.26 0.849468 3,329,211.26
1-CB-3 35,150.62 19,019,623.44 0.982216 35,150.62
1-CB-4 (35,150.62) 7,704,376.56 1.046790 (35,150.62)
1-CB-5 0.00 367,000.00 1.000000 0.00
1-CB-R 0.00 0.00 0.000000 0.00
1-CB-LR 0.00 0.00 0.000000 0.00
2-CB-1 108,901.53 19,790,830.14 0.781968 108,901.53
CB-IO 0.00 0.00 0.000000 0.00
3-A-1 162,460.45 24,367,437.40 0.938147 162,460.45
A-PO 8,397.72 619,067.59 0.920734 8,397.72
4-A-1 315,539.46 24,060,304.37 0.854930 315,539.46
15-IO 0.00 0.00 0.000000 0.00
B-1 8,467.82 5,119,740.01 0.984187 8,467.82
B-2 3,473.73 2,100,254.74 0.984187 3,473.73
B-3 1,953.36 1,181,024.22 0.984187 1,953.36
B-4 1,736.86 1,050,127.37 0.984187 1,736.86
B-5 1,302.24 787,349.48 0.984187 1,302.24
B-6 1,520.74 919,601.98 0.984188 1,520.74
Totals 3,942,965.17 235,673,012.56 0.883608 3,942,965.17
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 17,960,000.00 1000.000000 0.000000 0.000000 0.000000
1-CB-2 130,230,000.00 875.032531 1.299336 24.264752 0.000000
1-CB-3 19,364,000.00 984.030885 0.092263 1.722993 0.000000
1-CB-4 7,360,000.00 1042.014394 0.000000 0.000000 (4.775899)
1-CB-5 367,000.00 1000.000000 0.000000 0.000000 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-CB-1 25,309,000.00 786.270957 0.754647 3.548231 0.000000
CB-IO 0.00 0.000000 0.000000 0.000000 0.000000
3-A-1 25,974,000.00 944.402012 3.776379 2.478355 0.000000
A-PO 672,363.00 933.224032 2.895058 9.594802 0.000000
4-A-1 28,143,000.00 866.142338 3.320871 7.891134 0.000000
15-IO 0.00 0.000000 0.000000 0.000000 0.000000
B-1 5,202,000.00 985.814654 1.627801 0.000000 0.000000
B-2 2,134,000.00 985.814653 1.627802 0.000000 0.000000
B-3 1,200,000.00 985.814658 1.627800 0.000000 0.000000
B-4 1,067,000.00 985.814658 1.627798 0.000000 0.000000
B-5 800,000.00 985.814650 1.627800 0.000000 0.000000
B-6 934,376.00 985.816160 1.627546 0.000000 0.000000
Principal Distribution Factors Statement (continued)
Class Realized Total Ending Ending Total
Loss Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-CB-1 0.000000 0.000000 1,000.000000 1.000000 0.000000
1-CB-2 0.000000 25.564089 849.468442 0.849468 25.564089
1-CB-3 0.000000 1.815256 982.215629 0.982216 1.815256
1-CB-4 0.000000 (4.775899) 1,046.790293 1.046790 (4.775899)
1-CB-5 0.000000 0.000000 1,000.000000 1.000000 0.000000
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-CB-1 0.000000 4.302878 781.968080 0.781968 4.302878
CB-IO 0.000000 0.000000 0.000000 0.000000 0.000000
3-A-1 0.000000 6.254734 938.147278 0.938147 6.254734
A-PO 0.000000 12.489860 920.734172 0.920734 12.489860
4-A-1 0.000000 11.212005 854.930333 0.854930 11.212005
15-IO 0.000000 0.000000 0.000000 0.000000 0.000000
B-1 0.000000 1.627801 984.186853 0.984187 1.627801
B-2 0.000000 1.627802 984.186851 0.984187 1.627802
B-3 0.000000 1.627800 984.186850 0.984187 1.627800
B-4 0.000000 1.627798 984.186851 0.984187 1.627798
B-5 0.000000 1.627800 984.186850 0.984187 1.627800
B-6 0.000000 1.627546 984.188357 0.984188 1.627546
<FN>
All amounts per 1,000 dollar denomination.
</FN>
Interest Distribution Statement
Class Accrual Accrual Current Beginning Current Payment of
Dates Days Certificate Certificate/ Accrued Unpaid Interest
Rate Notional Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 11/25/05 - 12/24/05 30 5.50000% 17,960,000.00 82,316.67 0.00
1-CB-2 11/25/05 - 12/24/05 30 5.50000% 113,955,486.52 522,295.98 0.00
1-CB-3 11/25/05 - 12/24/05 30 5.50000% 19,054,774.06 87,334.38 0.00
1-CB-4 11/25/05 - 12/24/05 30 5.50000% 7,669,225.94 35,150.62 0.00
1-CB-5 11/25/05 - 12/24/05 30 5.50000% 367,000.00 1,682.08 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-CB-1 11/25/05 - 12/24/05 30 6.00000% 19,899,731.66 99,498.66 0.00
CB-IO 11/25/05 - 12/24/05 30 5.50000% 10,605,943.58 48,610.57 0.00
3-A-1 11/25/05 - 12/24/05 30 5.00000% 24,529,897.85 102,207.91 0.00
A-PO N/A N/A 0.00000% 627,465.31 0.00 0.00
4-A-1 11/25/05 - 12/24/05 30 5.50000% 24,375,843.83 111,722.62 0.00
15-IO 11/25/05 - 12/24/05 30 5.50000% 982,421.73 4,502.77 0.00
B-1 11/25/05 - 12/24/05 30 5.49947% 5,128,207.83 23,502.04 0.00
B-2 11/25/05 - 12/24/05 30 5.49947% 2,103,728.47 9,641.17 0.00
B-3 11/25/05 - 12/24/05 30 5.49947% 1,182,977.59 5,421.46 0.00
B-4 11/25/05 - 12/24/05 30 5.49947% 1,051,864.24 4,820.58 0.00
B-5 11/25/05 - 12/24/05 30 5.49947% 788,651.72 3,614.31 0.00
B-6 11/25/05 - 12/24/05 30 5.49947% 921,122.96 4,221.41 0.00
Totals 1,146,543.23 0.00
Interest Distribution Statement (continued)
Class Current Non-Supported Total Remaining Ending
Interest Interest Interest Unpaid Interest Certificate/Notional
Shortfall(1) Shortfall Distribution Shortfall(2) Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.00 0.00 82,316.67 0.00 17,960,000.00
1-CB-2 0.00 0.00 522,295.98 0.00 110,626,275.26
1-CB-3 0.00 0.00 87,334.38 0.00 19,019,623.44
1-CB-4 0.00 0.00 35,150.62 0.00 7,704,376.56
1-CB-5 0.00 0.00 1,682.08 0.00 367,000.00
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-CB-1 0.00 0.00 99,498.66 0.00 19,790,830.14
CB-IO 0.00 0.00 48,610.57 0.00 10,407,802.65
3-A-1 0.00 0.00 102,207.91 0.00 24,367,437.40
A-PO 0.00 0.00 0.00 0.00 619,067.59
4-A-1 0.00 0.00 111,722.62 0.00 24,060,304.37
15-IO 0.00 0.00 4,502.77 0.00 977,100.36
B-1 0.00 0.00 23,502.04 0.00 5,119,740.01
B-2 0.00 0.00 9,641.17 0.00 2,100,254.74
B-3 0.00 0.00 5,421.46 0.00 1,181,024.22
B-4 0.00 0.00 4,820.58 0.00 1,050,127.37
B-5 0.00 0.00 3,614.31 0.00 787,349.48
B-6 0.00 0.00 4,221.41 0.00 919,601.98
Totals 0.00 0.00 1,146,543.23 0.00
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable
</FN>
Interest Distribution Factors Statement
Class Accrual Original Current Beginning Current Payment of
Dates Face Certificate Certificate/Notional Accrued Unpaid Interest
Amount Rate Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-CB-1 11/25/05 - 12/24/05 17,960,000.00 5.50000% 1000.000000 4.583334 0.000000
1-CB-2 11/25/05 - 12/24/05 130,230,000.00 5.50000% 875.032531 4.010566 0.000000
1-CB-3 11/25/05 - 12/24/05 19,364,000.00 5.50000% 984.030885 4.510141 0.000000
1-CB-4 11/25/05 - 12/24/05 7,360,000.00 5.50000% 1042.014394 4.775899 0.000000
1-CB-5 11/25/05 - 12/24/05 367,000.00 5.50000% 1000.000000 4.583324 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-CB-1 11/25/05 - 12/24/05 25,309,000.00 6.00000% 786.270957 3.931355 0.000000
CB-IO 11/25/05 - 12/24/05 0.00 5.50000% 888.260534 4.071194 0.000000
3-A-1 11/25/05 - 12/24/05 25,974,000.00 5.00000% 944.402012 3.935008 0.000000
A-PO N/A 672,363.00 0.00000% 933.224032 0.000000 0.000000
4-A-1 11/25/05 - 12/24/05 28,143,000.00 5.50000% 866.142338 3.969819 0.000000
15-IO 11/25/05 - 12/24/05 0.00 5.50000% 908.172288 4.162460 0.000000
B-1 11/25/05 - 12/24/05 5,202,000.00 5.49947% 985.814654 4.517885 0.000000
B-2 11/25/05 - 12/24/05 2,134,000.00 5.49947% 985.814653 4.517887 0.000000
B-3 11/25/05 - 12/24/05 1,200,000.00 5.49947% 985.814658 4.517883 0.000000
B-4 11/25/05 - 12/24/05 1,067,000.00 5.49947% 985.814658 4.517882 0.000000
B-5 11/25/05 - 12/24/05 800,000.00 5.49947% 985.814650 4.517887 0.000000
B-6 11/25/05 - 12/24/05 934,376.00 5.49947% 985.816160 4.517892 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
1-CB-1 0.000000 0.000000 4.583334 0.000000 1000.000000
1-CB-2 0.000000 0.000000 4.010566 0.000000 849.468442
1-CB-3 0.000000 0.000000 4.510141 0.000000 982.215629
1-CB-4 0.000000 0.000000 4.775899 0.000000 1046.790293
1-CB-5 0.000000 0.000000 4.583324 0.000000 1000.000000
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-CB-1 0.000000 0.000000 3.931355 0.000000 781.968080
CB-IO 0.000000 0.000000 4.071194 0.000000 871.665992
3-A-1 0.000000 0.000000 3.935008 0.000000 938.147278
A-PO 0.000000 0.000000 0.000000 0.000000 920.734172
4-A-1 0.000000 0.000000 3.969819 0.000000 854.930333
15-IO 0.000000 0.000000 4.162460 0.000000 903.253097
B-1 0.000000 0.000000 4.517885 0.000000 984.186853
B-2 0.000000 0.000000 4.517887 0.000000 984.186851
B-3 0.000000 0.000000 4.517883 0.000000 984.186850
B-4 0.000000 0.000000 4.517882 0.000000 984.186851
B-5 0.000000 0.000000 4.517887 0.000000 984.186850
B-6 0.000000 0.000000 4.517892 0.000000 984.188357
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All amounts per 1,000 dollar 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-CB-IO 5.50000% 9,377,302.23 9,184,304.59 0.00 0.00 88.84037450%
2-CB-IO 5.50000% 1,228,641.35 1,223,498.05 0.00 0.00 76.36639262%
1-A-PO 0.00000% 0.00 0.00 196,717.85 195,496.72 96.28411926%
2-A-PO 0.00000% 0.00 0.00 250,112.55 249,081.51 93.08030875%
3-A-PO 0.00000% 0.00 0.00 180,634.90 174,489.36 86.49948692%
1-15-IO 5.50000% 611,540.69 607,750.76 0.00 0.00 95.08407127%
2-15-IO 5.50000% 370,881.04 369,349.60 0.00 0.00 83.45280568%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,141,525.02
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 5,141,525.02
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Total Administration Fees 52,016.62
Payment of Interest and Principal 5,089,508.40
Total Withdrawals (Pool Distribution Amount) 5,141,525.02
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* 49,919.99
Trustee Fee: Wells Fargo Bank, N.A. 2,096.63
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 52,016.62
<FN>
*Servicer Payees include: BANK OF AMERICA (NY)
</FN>
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 6.002403%
Weighted Average Pass-Through Rate 5.741903%
Weighted Average Remaining Term 311
Beginning Scheduled Collateral Loan Count 1,683
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 1,661
Beginning Scheduled Collateral Balance 239,615,977.98
Ending Scheduled Collateral Balance 235,673,012.57
Ending Actual Collateral Balance at 30-Nov-2005 236,017,249.53
Monthly P&I Constant 1,598,820.04
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 5,003,037.23
Class AP Deferred Amount 0.00
Scheduled Principal 400,260.40
Unscheduled Principal 3,542,705.01
Group Level Collateral Statement
<s> <c> <c>
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.062995 6.582072 5.342060
Weighted Average Net Rate 5.812995 6.332073 5.092060
Weighted Average Remaining Term 350 350 170
Beginning Loan Count 1,137 165 141
Loans Paid In Full 17 1 2
Ending Loan Count 1,120 164 139
Beginning Scheduled Balance 166,921,676.63 21,014,033.14 25,906,050.82
Ending Scheduled Balance 163,583,030.35 20,904,062.13 25,738,056.63
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 1,021,023.55 135,432.08 218,939.07
Scheduled Principal 177,652.48 20,168.84 103,612.67
Unscheduled Principal 3,160,993.80 89,802.17 64,381.52
Scheduled Interest 843,371.07 115,263.24 115,326.40
Servicing Fee 34,775.35 4,377.92 5,397.09
Master Servicing Fee 0.00 0.00 0.00
Trustee Fee 1,460.56 183.87 226.68
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 807,135.16 110,701.45 109,702.63
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 5.802495 6.321572 5.081560
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group 4 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.801096 6.002403
Weighted Average Net Rate 5.551096 5.752403
Weighted Average Remaining Term 170 311
Beginning Loan Count 240 1,683
Loans Paid In Full 2 22
Ending Loan Count 238 1,661
Beginning Scheduled Balance 25,774,217.39 239,615,977.98
Ending scheduled Balance 25,447,863.46 235,673,012.57
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 223,425.34 1,598,820.04
Scheduled Principal 98,826.41 400,260.40
Unscheduled Principal 227,527.52 3,542,705.01
Scheduled Interest 124,598.93 1,198,559.64
Servicing Fee 5,369.63 49,919.99
Master Servicing Fee 0.00 0.00
Trustee Fee 225.52 2,096.63
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 119,003.78 1,146,543.02
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalty Waived Amount 0.00 0.00
Prepayment Penalty Waived Count 0 0
Prepayment Penalty Paid Amount 0.00 0.00
Prepayment Penalty Paid Count 0 0
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.540596 5.741903
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Senior % 95.073777%
Subordinate % 4.926223%
Additional Reporting - Group Level
Miscellaneous Reporting
<s> <c>
1
CPR 20.520404%
Subordinate % 4.629464%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.370536%
2
CPR 5.013995%
Subordinate % 5.302654%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 94.697346%
3
CPR 2.953455%
Subordinate % 4.389006%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.610994%
4
CPR 10.130749%
Subordinate % 4.757982%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.242018%
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 2 0 0 2
382,407.83 0.00 0.00 382,407.83
30 Days 9 0 0 0 9
1,544,034.57 0.00 0.00 0.00 1,544,034.57
60 Days 7 0 0 0 7
966,542.27 0.00 0.00 0.00 966,542.27
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 29,940.11 0.00 29,940.11
Totals 16 2 1 0 19
2,510,576.84 382,407.83 29,940.11 0.00 2,922,924.78
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 0.120409% 0.000000% 0.000000% 0.120409%
0.162025% 0.000000% 0.000000% 0.162025%
30 Days 0.541842% 0.000000% 0.000000% 0.000000% 0.541842%
0.654204% 0.000000% 0.000000% 0.000000% 0.654204%
60 Days 0.421433% 0.000000% 0.000000% 0.000000% 0.421433%
0.409522% 0.000000% 0.000000% 0.000000% 0.409522%
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% 0.060205% 0.000000% 0.060205%
0.000000% 0.000000% 0.012686% 0.000000% 0.012686%
Totals 0.963275% 0.120409% 0.060205% 0.000000% 1.143889%
1.063726% 0.162025% 0.012686% 0.000000% 1.238437%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 15,574.64
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 2 0 0 2
382,407.83 0.00 0.00 382,407.83
30 Days 9 0 0 0 9
1,544,034.57 0.00 0.00 0.00 1,544,034.57
60 Days 6 0 0 0 6
784,042.03 0.00 0.00 0.00 784,042.03
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 29,940.11 0.00 29,940.11
Totals 15 2 1 0 18
2,328,076.60 382,407.83 29,940.11 0.00 2,740,424.54
0-29 Days 0.178571% 0.000000% 0.000000% 0.178571%
0.233554% 0.000000% 0.000000% 0.233554%
30 Days 0.803571% 0.000000% 0.000000% 0.000000% 0.803571%
0.943012% 0.000000% 0.000000% 0.000000% 0.943012%
60 Days 0.535714% 0.000000% 0.000000% 0.000000% 0.535714%
0.478850% 0.000000% 0.000000% 0.000000% 0.478850%
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% 0.089286% 0.000000% 0.089286%
0.000000% 0.000000% 0.018286% 0.000000% 0.018286%
Totals 1.339286% 0.178571% 0.089286% 0.000000% 1.607143%
1.421862% 0.233554% 0.018286% 0.000000% 1.673702%
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 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>
3
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>
4
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 1 0 0 0 1
182,500.24 0.00 0.00 0.00 182,500.24
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
182,500.24 0.00 0.00 0.00 182,500.24
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 0.420168% 0.000000% 0.000000% 0.000000% 0.420168%
0.714655% 0.000000% 0.000000% 0.000000% 0.714655%
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 0.420168% 0.000000% 0.000000% 0.000000% 0.420168%
0.714655% 0.000000% 0.000000% 0.000000% 0.714655%
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>
240 - 269 1 29,940.11 0.013 1 29,940.11 0.018
Total 1 29,940.11 0.013 1 29,940.11 0.018
180+ Delinquency Summary (continued)
2 3
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>
240 - 269 0 0.00 0.000 0 0.00 0.000
Total 0 0.00 0.000 0 0.00 0.000
180+ Delinquency Summary (continued)
4
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
240 - 269 0 0.00 0.000
Total 0 0.00 0.000
<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.
3 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.
4 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 1 Jun-05 0.000%
Original Principal Balance 30,000.00 Jul-05 0.000%
Current Principal Balance 29,940.11 Aug-05 0.012%
Sep-05 0.012%
Oct-05 0.012%
Nov-05 0.012%
Dec-05 0.013%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 1 Jun-05 0.000%
Original Principal Balance 30,000.00 Jul-05 0.000%
Current Principal Balance 29,940.11 Aug-05 0.017%
Sep-05 0.017%
Oct-05 0.018%
Nov-05 0.018%
Dec-05 0.018%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
3 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.
4 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>
1 6080999805 Aug-2005 01-Feb-2005 IA 100.00 30,000.00
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 6080999805 29,940.11 01-Mar-2005 8 6.000% 1,429.39
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 2 Jun-05 0.000%
Original Principal Balance 386,000.00 Jul-05 0.000%
Current Principal Balance 382,407.83 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.075%
Nov-05 0.160%
Dec-05 0.162%
*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 2 Jun-05 0.000%
Original Principal Balance 386,000.00 Jul-05 0.000%
Current Principal Balance 382,407.83 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.107%
Nov-05 0.229%
Dec-05 0.234%
*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.
3 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.
4 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Group Loan Month Loan First State LTV at Original
Number Entered Payment Origination Principal
Bankruptcy Date Balance
<s> <c> <c> <c> <c> <c> <c>
1 6105515800 Nov-2005 01-Mar-2005 WV 80.00 202,000.00
1 6323253986 Oct-2005 01-Mar-2005 TX 80.00 184,000.00
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)
Group Loan Current Paid To Months Current Approximate
Number Principal Date Delinquent Loan Rate Delinquent
Balance Interest
<s> <c> <c> <c> <c> <c> <c>
1 6105515800 200,153.47 01-Nov-2005 0 6.000% 1,919.14
1 6323253986 182,254.36 01-Dec-2005 (1) 6.375% 931.17
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%
3 0 0.00 0.00 0.000%
4 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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
3
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
4
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 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>
Prepayment Detail - Prepayments during Current Period
Summary
Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
1 17 3,125,397.00 3,094,383.33 0 0.00 0.00
2 1 88,000.00 87,184.80 0 0.00 0.00
3 2 160,750.00 63,546.05 0 0.00 0.00
4 2 226,800.00 219,415.14 0 0.00 0.00
Total 22 3,600,947.00 3,464,529.32 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 69,836.51
2 0 0.00 0.00 0 0.00 0.00 2,701.34
3 0 0.00 0.00 0 0.00 0.00 1,897.45
4 0 0.00 0.00 0 0.00 0.00 8,952.10
Total 0 0.00 0.00 0 0.00 0.00 83,387.40
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 3301254656 MD 80.00 01-Feb-2005 48,000.00 47,404.16
1 3301426122 CA 51.05 01-Mar-2005 123,547.00 122,318.18
1 6005695231 IN 79.89 01-Mar-2005 147,000.00 145,503.21
1 6163268052 FL 80.00 01-Feb-2005 113,600.00 112,353.94
1 6198706944 NM 79.80 01-Feb-2005 245,000.00 242,248.99
1 6200348909 NJ 80.00 01-Feb-2005 124,000.00 122,702.56
1 6438464791 WA 69.00 01-Feb-2005 241,500.00 238,973.09
1 6469121625 FL 53.10 01-Feb-2005 116,000.00 114,727.65
1 6582185325 IL 80.00 01-Mar-2005 150,800.00 149,300.16
1 6652094415 NV 68.39 01-Feb-2005 132,000.00 130,482.83
1 6655782693 IL 94.37 01-Mar-2005 144,400.00 142,997.28
1 6732902603 PA 80.00 01-Feb-2005 200,000.00 197,701.23
1 6793393031 HI 80.00 01-Jan-2005 521,600.00 514,889.94
1 6859870419 CA 83.25 01-Feb-2005 199,800.00 197,556.47
1 6878554945 CA 65.00 01-Mar-2005 110,500.00 109,426.58
1 6904196075 IN 80.00 01-Feb-2005 148,000.00 146,332.89
1 6911524152 CA 79.04 01-Mar-2005 359,650.00 356,238.13
2 3301291765 MD 80.00 01-Feb-2005 88,000.00 87,100.83
3 6480254306 FL 41.83 01-Feb-2005 53,550.00 50,873.23
3 6955750093 GA 80.00 01-Mar-2005 107,200.00 11,610.84
4 3301373068 FL 66.37 01-Mar-2005 61,800.00 59,557.75
4 3301383315 NC 45.20 01-Mar-2005 165,000.00 159,017.67
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 3301254656 Loan Paid in Full (1) 6.125% 360 10
1 3301426122 Loan Paid in Full 0 6.125% 360 9
1 6005695231 Loan Paid in Full 0 6.000% 360 9
1 6163268052 Loan Paid in Full 0 6.125% 360 10
1 6198706944 Loan Paid in Full (1) 6.000% 360 10
1 6200348909 Loan Paid in Full 0 6.375% 360 10
1 6438464791 Loan Paid in Full 0 6.375% 360 10
1 6469121625 Loan Paid in Full 0 6.125% 360 10
1 6582185325 Loan Paid in Full 0 6.125% 360 9
1 6652094415 Loan Paid in Full 0 5.875% 360 10
1 6655782693 Loan Paid in Full 0 6.250% 360 9
1 6732902603 Loan Paid in Full 1 5.875% 360 10
1 6793393031 Loan Paid in Full 0 5.750% 360 11
1 6859870419 Loan Paid in Full 0 6.000% 360 10
1 6878554945 Loan Paid in Full 0 6.250% 360 9
1 6904196075 Loan Paid in Full 0 6.000% 360 10
1 6911524152 Loan Paid in Full 0 6.375% 360 9
2 3301291765 Loan Paid in Full 0 6.500% 360 10
3 6480254306 Loan Paid in Full 0 5.375% 156 10
3 6955750093 Loan Paid in Full (1) 5.375% 180 9
4 3301373068 Loan Paid in Full 0 5.625% 180 9
4 3301383315 Loan Paid in Full 0 5.625% 180 9
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.481% Current Month 16.393% Current Month 856.202%
3 Month Average 1.512% 3 Month Average 16.697% 3 Month Average 979.769%
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 0.437% N/A Mar-2005 385.788% N/A
Apr-2005 7.984% N/A Apr-2005 2,542.845% N/A
May-2005 7.212% N/A May-2005 1,403.741% N/A
Jun-2005 8.908% N/A Jun-2005 1,247.333% N/A
Jul-2005 19.579% N/A Jul-2005 2,140.755% N/A
Aug-2005 8.249% N/A Aug-2005 740.039% N/A
Sep-2005 16.870% N/A Sep-2005 1,283.238% N/A
Oct-2005 15.385% N/A Oct-2005 1,015.356% N/A
Nov-2005 18.314% N/A Nov-2005 1,067.751% N/A
Dec-2005 16.393% N/A Dec-2005 856.202% 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 1.896% Current Month 20.520% Current Month 1,073.137%
3 Month Average 1.733% 3 Month Average 18.881% 3 Month Average 1,099.167%
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 0.392% N/A Mar-2005 350.227% N/A
Apr-2005 4.199% N/A Apr-2005 1,343.822% N/A
May-2005 2.622% N/A May-2005 511.877% N/A
Jun-2005 5.930% N/A Jun-2005 832.296% N/A
Jul-2005 16.910% N/A Jul-2005 1,852.426% N/A
Aug-2005 8.098% N/A Aug-2005 727.668% N/A
Sep-2005 18.683% N/A Sep-2005 1,423.053% N/A
Oct-2005 15.028% N/A Oct-2005 993.077% N/A
Nov-2005 21.094% N/A Nov-2005 1,231.288% N/A
Dec-2005 20.520% N/A Dec-2005 1,073.137% 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 0.428% Current Month 5.014% Current Month 261.595%
3 Month Average 1.774% 3 Month Average 18.036% 3 Month Average 1,139.012%
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 0.022% N/A Mar-2005 20.291% N/A
Apr-2005 40.653% N/A Apr-2005 12,938.762% N/A
May-2005 33.184% N/A May-2005 6,488.693% N/A
Jun-2005 37.113% N/A Jun-2005 5,198.593% N/A
Jul-2005 16.448% N/A Jul-2005 1,796.394% N/A
Aug-2005 21.250% N/A Aug-2005 1,905.201% N/A
Sep-2005 22.006% N/A Sep-2005 1,674.026% N/A
Oct-2005 38.348% N/A Oct-2005 2,529.610% N/A
Nov-2005 10.746% N/A Nov-2005 625.832% N/A
Dec-2005 5.014% N/A Dec-2005 261.595% 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.
3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.250% Current Month 2.953% Current Month 152.955%
3 Month Average 0.478% 3 Month Average 5.546% 3 Month Average 324.681%
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 1.146% N/A Mar-2005 881.765% N/A
Apr-2005 0.132% N/A Apr-2005 40.056% N/A
May-2005 0.552% N/A May-2005 104.229% N/A
Jun-2005 4.560% N/A Jun-2005 624.303% N/A
Jul-2005 0.120% N/A Jul-2005 12.950% N/A
Aug-2005 0.762% N/A Aug-2005 67.396% N/A
Sep-2005 4.671% N/A Sep-2005 350.902% N/A
Oct-2005 4.048% N/A Oct-2005 264.331% N/A
Nov-2005 9.637% N/A Nov-2005 556.757% N/A
Dec-2005 2.953% N/A Dec-2005 152.955% 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.
4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.886% Current Month 10.131% Current Month 529.789%
3 Month Average 0.875% 3 Month Average 9.951% 3 Month Average 575.642%
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 0.423% N/A Mar-2005 390.946% N/A
Apr-2005 2.365% N/A Apr-2005 766.749% N/A
May-2005 14.884% N/A May-2005 2,919.080% N/A
Jun-2005 3.059% N/A Jun-2005 430.947% N/A
Jul-2005 48.784% N/A Jul-2005 5,364.682% N/A
Aug-2005 4.376% N/A Aug-2005 394.296% N/A
Sep-2005 11.554% N/A Sep-2005 882.065% N/A
Oct-2005 5.737% N/A Oct-2005 379.834% N/A
Nov-2005 13.986% N/A Nov-2005 817.303% N/A
Dec-2005 10.131% N/A Dec-2005 529.789% 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