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
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-SL1
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-07
Pooling and Servicing Agreement) (Commission 54-2182224
(State or other File Number) 54-2182225
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 ACE SECURITIES CORP
. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-SL1 Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Pass-Through Certificates,
Series 2005-SL1 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.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset Backed Pass-Through Certificates, Series 2005-SL1 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 12/31/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Pass-Through Certificates, Series 2005-SL1 Trust,
relating to the December 27, 2005 distribution.
EX-99.1
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Record Date: 11/30/2005
Distribution Date: 12/27/2005
ACE Securities Corporation
Asset Backed Pass-Through Certificates
Series ACE 2005-SL1
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
A-1A 004421RT2 4.39375% 127,897,531.31 499,510.91
A-1B 004421RU9 5.11000% 25,000,000.00 106,458.33
M-1 004421RV7 5.37000% 24,537,000.00 109,803.08
M-2 004421RW5 5.76000% 13,560,000.00 65,088.00
M-3 004421RX3 5.86000% 5,811,000.00 28,377.05
M-4 004421RY1 6.11000% 5,940,000.00 30,244.50
M-5 004421RZ8 6.21000% 5,424,000.00 28,069.20
M-6 004421SA2 6.36000% 4,778,000.00 25,323.40
M-7 004421SB0 6.50000% 5,036,000.00 27,278.33
B-1 004421SC8 6.00000% 4,649,000.00 23,245.00
B-2 004421SD6 6.00000% 4,262,000.00 21,310.00
P ACE05SL1P 0.00000% 100.00 83,988.73
CE-1 ACE05SLC1 0.00000% 5,797,768.92 0.00
CE-2 ACE05SLC2 0.00000% 0.00 43,236.94
R ACE05SLR1 0.00000% 0.00 0.00
Totals 232,692,400.23 1,091,933.47
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
A-1A 8,916,186.18 0.00 118,981,345.13 9,415,697.09 0.00
A-1B 0.00 0.00 25,000,000.00 106,458.33 0.00
M-1 0.00 0.00 24,537,000.00 109,803.08 0.00
M-2 0.00 0.00 13,560,000.00 65,088.00 0.00
M-3 0.00 0.00 5,811,000.00 28,377.05 0.00
M-4 0.00 0.00 5,940,000.00 30,244.50 0.00
M-5 0.00 0.00 5,424,000.00 28,069.20 0.00
M-6 0.00 0.00 4,778,000.00 25,323.40 0.00
M-7 0.00 0.00 5,036,000.00 27,278.33 0.00
B-1 0.00 0.00 4,649,000.00 23,245.00 0.00
B-2 0.00 0.00 4,262,000.00 21,310.00 0.00
P 0.00 0.00 100.00 83,988.73 0.00
CE-1 0.00 0.00 6,706,369.06 0.00 0.00
CE-2 0.00 0.00 0.00 43,236.94 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 8,916,186.18 0.00 224,684,814.19 10,008,119.65 0.00
Principal Distribution Statement
Class Original Beginning Scheduled UnScheduled Accretion Realized
Face Certificate Principal Principal Loss
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1A 156,701,000.00 127,897,531.31 0.00 8,916,186.18 0.00 0.00
A-1B 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
M-1 24,537,000.00 24,537,000.00 0.00 0.00 0.00 0.00
M-2 13,560,000.00 13,560,000.00 0.00 0.00 0.00 0.00
M-3 5,811,000.00 5,811,000.00 0.00 0.00 0.00 0.00
M-4 5,940,000.00 5,940,000.00 0.00 0.00 0.00 0.00
M-5 5,424,000.00 5,424,000.00 0.00 0.00 0.00 0.00
M-6 4,778,000.00 4,778,000.00 0.00 0.00 0.00 0.00
M-7 5,036,000.00 5,036,000.00 0.00 0.00 0.00 0.00
B-1 4,649,000.00 4,649,000.00 0.00 0.00 0.00 0.00
B-2 4,262,000.00 4,262,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE-1 2,583,241.00 5,797,768.92 0.00 0.00 0.00 0.00
CE-2 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 258,281,341.00 232,692,400.23 0.00 8,916,186.18 0.00 0.00
Principal Distribution Statement (continued)
Class Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
A-1A 8,916,186.18 118,981,345.13 0.759289 8,916,186.18
A-1B 0.00 25,000,000.00 1.000000 0.00
M-1 0.00 24,537,000.00 1.000000 0.00
M-2 0.00 13,560,000.00 1.000000 0.00
M-3 0.00 5,811,000.00 1.000000 0.00
M-4 0.00 5,940,000.00 1.000000 0.00
M-5 0.00 5,424,000.00 1.000000 0.00
M-6 0.00 4,778,000.00 1.000000 0.00
M-7 0.00 5,036,000.00 1.000000 0.00
B-1 0.00 4,649,000.00 1.000000 0.00
B-2 0.00 4,262,000.00 1.000000 0.00
P 0.00 100.00 1.000000 0.00
CE-1 0.00 6,706,369.06 2.596107 0.00
CE-2 0.00 0.00 0.000000 0.00
R 0.00 0.00 0.000000 0.00
Totals 8,916,186.18 224,684,814.19 0.869923 8,916,186.18
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
A-1A 156,701,000.00 816.188354 0.000000 56.899357 0.000000
A-1B 25,000,000.00 1000.000000 0.000000 0.000000 0.000000
M-1 24,537,000.00 1000.000000 0.000000 0.000000 0.000000
M-2 13,560,000.00 1000.000000 0.000000 0.000000 0.000000
M-3 5,811,000.00 1000.000000 0.000000 0.000000 0.000000
M-4 5,940,000.00 1000.000000 0.000000 0.000000 0.000000
M-5 5,424,000.00 1000.000000 0.000000 0.000000 0.000000
M-6 4,778,000.00 1000.000000 0.000000 0.000000 0.000000
M-7 5,036,000.00 1000.000000 0.000000 0.000000 0.000000
B-1 4,649,000.00 1000.000000 0.000000 0.000000 0.000000
B-2 4,262,000.00 1000.000000 0.000000 0.000000 0.000000
P 100.00 1000.000000 0.000000 0.000000 0.000000
CE-1 2,583,241.00 2244.377865 0.000000 0.000000 0.000000
CE-2 0.00 0.000000 0.000000 0.000000 0.000000
R 0.00 0.000000 0.000000 0.000000 0.000000
Principal Distribution Factors Statement (continued)
Class Realized Total Ending Ending Total
Loss Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1A 0.000000 56.899357 759.288997 0.759289 56.899357
A-1B 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-1 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-2 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-3 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-4 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-5 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-6 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-7 0.000000 0.000000 1,000.000000 1.000000 0.000000
B-1 0.000000 0.000000 1,000.000000 1.000000 0.000000
B-2 0.000000 0.000000 1,000.000000 1.000000 0.000000
P 0.000000 0.000000 1,000.000000 1.000000 0.000000
CE-1 0.000000 0.000000 2,596.106620 2.596107 0.000000
CE-2 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000
<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>
A-1A 11/25/05 - 12/26/05 32 4.39375% 127,897,531.31 499,510.91 0.00
A-1B 11/01/05 - 11/30/05 30 5.11000% 25,000,000.00 106,458.33 0.00
M-1 11/01/05 - 11/30/05 30 5.37000% 24,537,000.00 109,803.08 0.00
M-2 11/01/05 - 11/30/05 30 5.76000% 13,560,000.00 65,088.00 0.00
M-3 11/01/05 - 11/30/05 30 5.86000% 5,811,000.00 28,377.05 0.00
M-4 11/01/05 - 11/30/05 30 6.11000% 5,940,000.00 30,244.50 0.00
M-5 11/01/05 - 11/30/05 30 6.21000% 5,424,000.00 28,069.20 0.00
M-6 11/01/05 - 11/30/05 30 6.36000% 4,778,000.00 25,323.40 0.00
M-7 11/01/05 - 11/30/05 30 6.50000% 5,036,000.00 27,278.33 0.00
B-1 11/01/05 - 11/30/05 30 6.00000% 4,649,000.00 23,245.00 0.00
B-2 11/01/05 - 11/30/05 30 6.00000% 4,262,000.00 21,310.00 0.00
P N/A N/A 0.00000% 100.00 0.00 0.00
CE-1 N/A N/A 0.00000% 232,692,400.23 0.00 0.00
CE-2 N/A N/A 0.00000% 0.00 0.00 0.00
R N/A N/A 0.00000% 0.00 0.00 0.00
Totals 964,707.80 0.00
Interest Distribution Statement (continued)
Class Current Non-Supported Total Remaining Ending
Interest Interest Interest Unpaid Interest Certificate/Notional
Shortfall(1) Shortfall Distribution Shortfall(2) Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.00 0.00 499,510.91 0.00 118,981,345.13
A-1B 0.00 0.00 106,458.33 0.00 25,000,000.00
M-1 0.00 0.00 109,803.08 0.00 24,537,000.00
M-2 0.00 0.00 65,088.00 0.00 13,560,000.00
M-3 0.00 0.00 28,377.05 0.00 5,811,000.00
M-4 0.00 0.00 30,244.50 0.00 5,940,000.00
M-5 0.00 0.00 28,069.20 0.00 5,424,000.00
M-6 0.00 0.00 25,323.40 0.00 4,778,000.00
M-7 0.00 0.00 27,278.33 0.00 5,036,000.00
B-1 0.00 0.00 23,245.00 0.00 4,649,000.00
B-2 0.00 0.00 21,310.00 0.00 4,262,000.00
P 0.00 0.00 83,988.73 0.00 100.00
CE-1 0.00 0.00 0.00 0.00 224,684,814.19
CE-2 0.00 0.00 43,236.94 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,091,933.47 0.00
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable
</FN>
Interest Distribution Factors Statement
Class Accrual Original Current Beginning Current Payment of
Dates Face Certificate Certificate/Notional Accrued Unpaid Interest
Amount Rate Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1A 11/25/05 - 12/26/05 156,701,000.00 4.39375% 816.188354 3.187669 0.000000
A-1B 11/01/05 - 11/30/05 25,000,000.00 5.11000% 1000.000000 4.258333 0.000000
M-1 11/01/05 - 11/30/05 24,537,000.00 5.37000% 1000.000000 4.475000 0.000000
M-2 11/01/05 - 11/30/05 13,560,000.00 5.76000% 1000.000000 4.800000 0.000000
M-3 11/01/05 - 11/30/05 5,811,000.00 5.86000% 1000.000000 4.883333 0.000000
M-4 11/01/05 - 11/30/05 5,940,000.00 6.11000% 1000.000000 5.091667 0.000000
M-5 11/01/05 - 11/30/05 5,424,000.00 6.21000% 1000.000000 5.175000 0.000000
M-6 11/01/05 - 11/30/05 4,778,000.00 6.36000% 1000.000000 5.300000 0.000000
M-7 11/01/05 - 11/30/05 5,036,000.00 6.50000% 1000.000000 5.416666 0.000000
B-1 11/01/05 - 11/30/05 4,649,000.00 6.00000% 1000.000000 5.000000 0.000000
B-2 11/01/05 - 11/30/05 4,262,000.00 6.00000% 1000.000000 5.000000 0.000000
P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000
CE-1 N/A 2,583,241.00 0.00000% 90077.697060 0.000000 0.000000
CE-2 N/A 0.00 0.00000% 0.000000 0.000000 0.000000
R N/A 0.00 0.00000% 0.000000 0.000000 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.000000 0.000000 3.187669 0.000000 759.288997
A-1B 0.000000 0.000000 4.258333 0.000000 1000.000000
M-1 0.000000 0.000000 4.475000 0.000000 1000.000000
M-2 0.000000 0.000000 4.800000 0.000000 1000.000000
M-3 0.000000 0.000000 4.883333 0.000000 1000.000000
M-4 0.000000 0.000000 5.091667 0.000000 1000.000000
M-5 0.000000 0.000000 5.175000 0.000000 1000.000000
M-6 0.000000 0.000000 5.300000 0.000000 1000.000000
M-7 0.000000 0.000000 5.416666 0.000000 1000.000000
B-1 0.000000 0.000000 5.000000 0.000000 1000.000000
B-2 0.000000 0.000000 5.000000 0.000000 1000.000000
P 0.000000 0.000000 839887.300000 0.000000 1000.000000
CE-1 0.000000 0.000000 0.000000 0.000000 86977.875541
CE-2 0.000000 0.000000 0.000000 0.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All Classes are Per 1,000 Denomination.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 9,844,649.28
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 237,390.50
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 83,988.73
Swap/Cap Payments 0.00
Total Deposits 10,166,028.51
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 95,464.67
Total Administration Fees 62,444.19
Payment of Interest and Principal 10,008,119.65
Total Withdrawals (Pool Distribution Amount) 10,166,028.51
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* 53,718.22
Credit Risk Manager Fee - Murray Hill 2,908.66
Wells Fargo Master Servicing Fee 5,817.31
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 62,444.19
<FN>
*Servicer Payees include: GMAC MTG CORP; OCWEN FEDERAL BANK FSB
</FN>
Reserve Accounts
Account Name Beginning Current Withdrawals Current Deposits Ending Balance
Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 10.273665%
Weighted Average Net Coupon 9.996639%
Weighted Average Pass-Through Rate 9.951639%
Weighted Average Remaining Term 315
Beginning Scheduled Collateral Loan Count 4,794
Number Of Loans Paid In Full 149
Ending Scheduled Collateral Loan Count 4,645
Beginning Scheduled Collateral Balance 232,692,400.23
Ending Scheduled Collateral Balance 224,684,814.19
Ending Actual Collateral Balance at 30-Nov-2005 224,822,640.42
Monthly P&I Constant 2,131,659.14
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 83,988.73
Prepayment Penalty Paid Count 41
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 139,489.38
Unscheduled Principal 7,868,096.66
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 908,600.14
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 14,980,317.79
Overcollateralized Amount 6,706,369.06
Overcollateralized Deficiency Amount 8,273,948.73
Base Overcollateralization Amount 0.00
Extra principal distribution Amount 908,600.14
Excess Cash Amount 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 104 0 0 0 104
4,525,441.08 0.00 0.00 0.00 4,525,441.08
60 Days 95 0 0 0 95
4,644,085.76 0.00 0.00 0.00 4,644,085.76
90 Days 29 0 0 0 29
1,217,594.64 0.00 0.00 0.00 1,217,594.64
120 Days 16 0 0 0 16
1,152,305.35 0.00 0.00 0.00 1,152,305.35
150 Days 5 0 0 0 5
109,470.51 0.00 0.00 0.00 109,470.51
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 249 0 0 0 249
11,648,897.34 0.00 0.00 0.00 11,648,897.34
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 2.238967% 0.000000% 0.000000% 0.000000% 2.238967%
2.012894% 0.000000% 0.000000% 0.000000% 2.012894%
60 Days 2.045210% 0.000000% 0.000000% 0.000000% 2.045210%
2.065666% 0.000000% 0.000000% 0.000000% 2.065666%
90 Days 0.624327% 0.000000% 0.000000% 0.000000% 0.624327%
0.541580% 0.000000% 0.000000% 0.000000% 0.541580%
120 Days 0.344456% 0.000000% 0.000000% 0.000000% 0.344456%
0.512540% 0.000000% 0.000000% 0.000000% 0.512540%
150 Days 0.107643% 0.000000% 0.000000% 0.000000% 0.107643%
0.048692% 0.000000% 0.000000% 0.000000% 0.048692%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 5.360603% 0.000000% 0.000000% 0.000000% 5.360603%
5.181372% 0.000000% 0.000000% 0.000000% 5.181372%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 237,390.50
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c>
Class CE-1 255,698,100.00 98.99983445% 217,978,445.13 97.01521036% 2.984790% 0.000000%
Class B-2 251,436,100.00 97.34969589% 213,716,445.13 95.11833094% 1.896879% 0.000000%
Class B-1 246,787,100.00 95.54972072% 209,067,445.13 93.04921024% 2.069121% 0.000000%
Class M-4 225,609,100.00 87.35013498% 187,889,445.13 83.62356210% 2.643703% 0.000000%
Class M-3 219,798,100.00 85.10026282% 182,078,445.13 81.03727249% 2.586290% 0.000000%
Class M-2 206,238,100.00 79.85017392% 168,518,445.13 75.00215168% 6.035121% 0.000000%
Class M-1 181,701,100.00 70.35006838% 143,981,445.13 64.08152044% 10.920631% 0.000000%
Class A1-B 156,701,100.00 60.67070095% 118,981,445.13 52.95482276% 11.126698% 0.000000%
Class A1-A 100.00 0.00003872% 100.00 0.00004451% 52.954778% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000045% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.
</FN>
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.
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.
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.
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>
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 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>
Prepayment Detail - Prepayments during Current Period
Summary
Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
Total 149 7,912,940.00 7,843,435.15 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary
Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
Total 0 0.00 0.00 0 0.00 0.00 29,011.71
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>
Summary 0110443484 MA 100.00 01-Apr-2005 52,600.00 52,455.11
Summary 0110443712 AZ 100.00 01-Apr-2005 40,573.00 40,414.50
Summary 0110447326 CA 100.00 01-May-2005 85,605.00 85,134.61
Summary 0110447362 TN 100.00 01-Apr-2005 27,600.00 27,210.77
Summary 0110447594 NC 100.00 01-May-2005 20,400.00 20,351.52
Summary 0110452068 CA 90.00 01-Apr-2005 34,000.00 33,488.20
Summary 0110452095 CO 89.54 01-Apr-2005 30,000.00 29,901.67
Summary 0110452118 UT 100.00 01-Apr-2005 46,000.00 45,910.07
Summary 0110452122 MN 90.00 01-Apr-2005 37,400.00 37,307.68
Summary 0110452152 CA 95.00 01-May-2005 40,975.00 40,875.12
Summary 0110452153 CO 100.00 01-May-2005 57,000.00 56,868.74
Summary 0110456365 CA 100.00 01-Apr-2005 97,780.00 97,309.41
Summary 0110457817 CA 99.98 01-May-2005 92,950.00 92,488.16
Summary 0110463060 AZ 100.00 01-May-2005 32,716.00 32,590.31
Summary 0110463314 FL 100.00 01-May-2005 46,810.00 46,605.26
Summary 0110463335 MD 100.00 01-May-2005 37,400.00 37,283.78
Summary 0110463398 FL 95.00 01-May-2005 34,325.00 34,170.99
Summary 0110463569 HI 100.00 01-Apr-2005 42,000.00 41,656.37
Summary 0110463615 MA 100.00 01-Apr-2005 42,000.00 41,787.15
Summary 0110463616 VA 100.00 01-Apr-2005 30,160.00 30,007.15
Summary 0110463684 MI 100.00 01-Apr-2005 25,750.00 25,009.02
Summary 0110463696 NJ 100.00 01-Apr-2005 26,300.00 26,158.99
Summary 0110463729 MA 100.00 01-Feb-2005 28,000.00 27,681.76
Summary 0110463740 WA 95.00 01-Apr-2005 9,000.00 8,638.49
Summary 0110463795 CA 100.00 01-Apr-2005 42,980.00 42,795.45
Summary 0110463845 GA 100.00 01-Mar-2005 54,000.00 53,695.37
Summary 0110463858 GA 95.00 01-Mar-2005 10,050.00 9,525.76
Summary 0110463995 VA 90.00 01-Apr-2005 8,625.00 7,611.95
Summary 0110464036 CA 90.00 01-Mar-2005 58,000.00 57,688.59
Summary 0110464056 CA 100.00 01-Apr-2005 158,000.00 157,264.23
Summary 0110464131 WA 100.00 01-Jul-2004 29,600.00 28,933.98
Summary 0110464158 MD 100.00 01-Apr-2005 40,000.00 39,866.83
Summary 0110464175 FL 100.00 01-Apr-2005 32,000.00 31,871.62
Summary 0110464202 FL 95.00 01-Apr-2005 6,900.00 6,611.06
Summary 0110464211 FL 100.00 01-Apr-2005 30,198.00 30,100.12
Summary 0110464213 FL 100.00 01-Apr-2005 11,640.00 11,348.58
Summary 0110464229 FL 95.00 01-Apr-2005 8,060.00 7,731.73
Summary 0110464243 VA 95.00 01-Apr-2005 49,500.00 48,684.99
Summary 0110464277 GA 95.00 01-Apr-2005 7,950.00 7,615.88
Summary 0110464414 MD 100.00 01-Apr-2005 34,400.00 34,262.01
Summary 0110464417 FL 100.00 01-Mar-2005 49,000.00 48,869.27
Summary 0110464468 VA 100.00 01-Mar-2005 72,000.00 71,611.45
Summary 0110464524 GA 100.00 01-Apr-2005 85,776.00 85,457.82
Summary 0110464550 CA 99.89 01-Mar-2005 36,560.00 36,352.96
Summary 0110464712 MA 95.00 01-Apr-2005 55,950.00 55,299.37
Summary 0110464776 MN 100.00 01-Apr-2005 34,000.00 33,859.67
Summary 0110464790 FL 90.00 01-Apr-2005 76,373.00 76,040.91
Summary 0110464956 NY 100.00 01-Apr-2005 60,400.00 60,093.93
Summary 0110464979 CO 97.06 01-Mar-2005 58,000.00 57,671.54
Summary 0110465083 CA 100.00 01-Apr-2005 53,000.00 52,390.38
Summary 0110465107 CA 100.00 01-Apr-2005 144,000.00 143,321.13
Summary 0110465151 CA 100.00 01-Apr-2005 87,800.00 87,377.48
Summary 0110465175 AZ 100.00 01-Apr-2005 29,200.00 29,121.46
Summary 0110465211 CA 100.00 01-Apr-2005 59,000.00 58,787.16
Summary 0110465220 CA 100.00 01-Apr-2005 35,400.00 35,298.64
Summary 0110465224 CA 100.00 01-Apr-2005 105,800.00 105,363.51
Summary 0110465266 CA 100.00 01-Apr-2005 55,000.00 54,727.66
Summary 0110465305 MD 99.21 01-Apr-2005 97,800.00 97,418.00
Summary 0110465327 CA 95.00 01-Apr-2005 13,600.00 13,050.62
Summary 0110465332 MD 100.00 01-Apr-2005 13,800.00 13,643.78
Summary 0110465358 UT 100.00 01-Apr-2005 93,000.00 92,574.11
Summary 0110465378 FL 95.00 01-Apr-2005 43,125.00 42,937.86
Summary 0110465386 CA 100.00 01-Mar-2005 104,100.00 103,658.08
Summary 0110465426 CA 100.00 01-Apr-2005 40,000.00 39,826.41
Summary 0110465435 CA 90.00 01-Mar-2005 41,700.00 41,524.13
Summary 0110465448 AZ 100.00 01-Mar-2005 26,800.00 26,700.09
Summary 0110465463 AZ 100.00 01-Apr-2005 15,230.00 15,073.48
Summary 0110466419 AZ 94.96 01-Jun-2005 59,000.00 58,228.82
Summary 0110466529 FL 85.43 01-Jun-2005 45,000.00 44,714.66
Summary 0110466709 OK 100.00 01-May-2005 43,598.00 43,438.72
Summary 0110466782 IL 100.00 01-May-2005 22,800.00 22,733.49
Summary 0110466791 UT 100.00 01-May-2005 48,411.00 48,257.24
Summary 0110466828 HI 100.00 01-Dec-2004 62,000.00 61,752.30
Summary 0110466834 CA 100.00 01-May-2005 78,600.00 78,131.29
Summary 0110466935 CA 100.00 01-May-2005 129,980.00 129,553.89
Summary 0110466941 CA 100.00 01-May-2005 69,000.00 68,809.40
Summary 0110466968 AZ 100.00 01-May-2005 34,400.00 245.52
Summary 0110467005 CA 100.00 01-May-2005 48,000.00 47,861.58
Summary 0110467058 CA 100.00 01-May-2005 64,200.00 63,989.47
Summary 0110467148 CA 100.00 01-May-2005 76,000.00 75,758.68
Summary 0110467186 AZ 100.00 01-Apr-2005 33,500.00 33,355.23
Summary 0110467305 FL 100.00 01-May-2005 53,000.00 52,769.41
Summary 0110467308 IL 100.00 01-May-2005 30,900.00 30,825.86
Summary 0110467352 MA 100.00 01-May-2005 99,000.00 98,698.81
Summary 0110467383 AZ 100.00 01-May-2005 91,000.00 90,685.37
Summary 0110467387 FL 100.00 01-May-2005 48,000.00 47,879.79
Summary 0110467426 NV 100.00 01-May-2005 65,000.00 64,789.10
Summary 0110467448 NJ 100.00 01-Feb-2005 66,000.00 65,037.18
Summary 0110467455 FL 100.00 01-May-2005 37,000.00 36,862.71
Summary 0110467500 CA 100.00 01-May-2005 97,000.00 96,681.98
Summary 0110467512 RI 100.00 01-Feb-2005 45,600.00 45,471.85
Summary 0110467526 FL 100.00 01-May-2005 58,000.00 57,747.66
Summary 0110467537 CA 100.00 01-May-2005 94,900.00 94,614.31
Summary 0110467607 MN 100.00 01-May-2005 26,500.00 26,387.06
Summary 0110467623 CA 100.00 01-May-2005 110,800.00 110,444.38
Summary 0110467649 CA 100.00 01-May-2005 71,980.00 71,738.33
Summary 0110467705 CA 100.00 01-May-2005 123,000.00 122,688.56
Summary 0110467726 IL 100.00 01-May-2005 68,000.00 66,477.83
Summary 0110467789 CA 100.00 01-May-2005 111,000.00 110,669.47
Summary 0110467830 MO 100.00 01-May-2005 46,000.00 45,830.62
Summary 0110467890 FL 100.00 01-May-2005 36,000.00 35,903.71
Summary 0110467921 CA 100.00 01-May-2005 118,000.00 117,625.32
Summary 0110467931 NJ 100.00 01-May-2005 49,000.00 48,859.74
Summary 0110467937 IL 100.00 01-May-2005 66,000.00 65,790.38
Summary 0110467951 AZ 100.00 01-Jan-2005 71,400.00 71,157.30
Summary 0110467960 CA 100.00 01-May-2005 71,000.00 70,692.52
Summary 0110468032 CA 100.00 01-Jan-2005 89,000.00 88,658.96
Summary 0110468085 CA 100.00 01-Feb-2005 23,000.00 22,892.62
Summary 0110468109 CA 100.00 01-Feb-2005 68,000.00 67,714.66
Summary 0110468158 CO 100.00 01-Mar-2005 21,100.00 20,963.01
Summary 0110468188 CA 100.00 01-May-2005 88,800.00 88,508.89
Summary 0110468203 UT 100.00 01-May-2005 49,000.00 48,863.22
Summary 0110468227 UT 100.00 01-May-2005 34,000.00 33,905.07
Summary 0110468261 FL 100.00 01-Dec-2004 27,980.00 27,829.09
Summary 0110468276 CA 100.00 01-May-2005 39,500.00 39,378.47
Summary 0110468303 NJ 100.00 01-May-2005 75,000.00 74,799.52
Summary 0110468341 FL 100.00 01-Jan-2005 30,000.00 29,682.11
Summary 0110468503 IL 100.00 01-May-2005 39,200.00 39,038.06
Summary 0110468660 NV 100.00 01-May-2005 32,000.00 31,909.70
Summary 0110468693 MD 100.00 01-Apr-2005 41,400.00 41,273.49
Summary 0110468713 NV 100.00 01-May-2005 40,000.00 39,880.89
Summary 0110468760 NY 100.00 01-May-2005 57,474.00 57,315.26
Summary 0110468762 WI 100.00 01-May-2005 27,200.00 27,136.88
Summary 0110468773 AZ 100.00 01-Mar-2005 25,500.00 25,417.59
Summary 0110468777 AZ 100.00 01-May-2005 46,800.00 46,643.23
Summary 0110468791 FL 100.00 01-May-2005 49,468.00 49,309.22
Summary 0110468806 CA 100.00 01-May-2005 84,000.00 83,703.41
Summary 0110468860 UT 100.00 01-May-2005 51,000.00 50,863.64
Summary 0110468862 MA 100.00 01-May-2005 84,000.00 83,769.97
Summary 0110468866 AZ 100.00 01-May-2005 29,400.00 29,318.79
Summary 0110468941 CA 100.00 01-May-2005 110,000.00 109,611.58
Summary 0110469013 FL 100.00 01-May-2005 45,000.00 44,804.23
Summary 0110469108 CA 100.00 01-May-2005 80,000.00 79,666.88
Summary 0110469140 GA 100.00 01-May-2005 27,600.00 27,538.70
Summary 0110469163 MD 100.00 01-May-2005 53,000.00 52,833.69
Summary 0110469196 AZ 100.00 01-May-2005 31,141.00 31,013.25
Summary 0110469225 AZ 100.00 01-May-2005 42,000.00 41,877.53
Summary 0110469228 CA 100.00 01-May-2005 87,600.00 87,307.85
Summary 0110469301 WA 100.00 01-May-2005 32,000.00 31,887.00
Summary 0110469338 AZ 100.00 01-May-2005 88,000.00 87,679.26
Summary 0110469346 MO 100.00 01-May-2005 23,380.00 23,306.71
Summary 0110469375 IL 100.00 01-May-2005 46,000.00 45,855.92
Summary 0110469387 FL 100.00 01-Feb-2005 27,200.00 26,888.64
Summary 0110469416 CA 100.00 01-Apr-2005 82,000.00 81,644.26
Summary 0110469454 FL 100.00 01-May-2005 39,000.00 38,903.35
Summary 0110469477 AZ 100.00 01-May-2005 31,800.00 31,701.14
Summary 0110469497 CA 100.00 01-May-2005 103,000.00 102,691.06
Summary 0110469539 AZ 100.00 01-May-2005 27,100.00 27,001.18
Summary 0110469587 AZ 100.00 01-May-2005 30,067.00 29,973.55
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>
Summary 0110443484 Loan Paid in Full (1) 11.875% 180 8
Summary 0110443712 Loan Paid in Full (1) 10.250% 180 8
Summary 0110447326 Loan Paid in Full 0 8.000% 180 7
Summary 0110447362 Loan Paid in Full (1) 8.875% 240 8
Summary 0110447594 Loan Paid in Full 0 11.990% 180 7
Summary 0110452068 Loan Paid in Full 0 10.625% 180 8
Summary 0110452095 Loan Paid in Full 0 10.500% 180 8
Summary 0110452118 Loan Paid in Full 3 12.875% 180 8
Summary 0110452122 Loan Paid in Full 3 12.375% 180 8
Summary 0110452152 Loan Paid in Full 0 11.875% 180 7
Summary 0110452153 Loan Paid in Full 3 11.500% 180 7
Summary 0110456365 Loan Paid in Full 0 9.250% 180 8
Summary 0110457817 Loan Paid in Full 0 8.500% 240 7
Summary 0110463060 Loan Paid in Full 0 9.750% 180 7
Summary 0110463314 Loan Paid in Full 0 9.125% 180 7
Summary 0110463335 Loan Paid in Full 0 10.750% 180 7
Summary 0110463398 Loan Paid in Full 0 9.000% 180 7
Summary 0110463569 Loan Paid in Full 0 9.000% 360 8
Summary 0110463615 Loan Paid in Full 0 9.000% 360 8
Summary 0110463616 Loan Paid in Full 0 9.000% 360 8
Summary 0110463684 Loan Paid in Full 0 11.750% 240 8
Summary 0110463696 Loan Paid in Full 0 8.725% 360 8
Summary 0110463729 Loan Paid in Full 0 9.375% 360 10
Summary 0110463740 Loan Paid in Full 0 12.250% 120 8
Summary 0110463795 Loan Paid in Full 0 10.500% 360 8
Summary 0110463845 Loan Paid in Full 0 9.000% 360 9
Summary 0110463858 Loan Paid in Full 0 12.250% 120 9
Summary 0110463995 Loan Paid in Full 0 10.990% 60 8
Summary 0110464036 Loan Paid in Full 0 9.250% 360 9
Summary 0110464056 Loan Paid in Full 0 10.125% 360 8
Summary 0110464131 Loan Paid in Full 0 10.999% 240 17
Summary 0110464158 Loan Paid in Full 0 11.000% 360 8
Summary 0110464175 Loan Paid in Full 0 10.125% 360 8
Summary 0110464202 Loan Paid in Full 0 11.500% 120 8
Summary 0110464211 Loan Paid in Full 0 11.125% 360 8
Summary 0110464213 Loan Paid in Full 0 9.000% 180 8
Summary 0110464229 Loan Paid in Full 0 12.000% 120 8
Summary 0110464243 Loan Paid in Full 0 12.000% 360 8
Summary 0110464277 Loan Paid in Full 0 11.750% 120 8
Summary 0110464414 Loan Paid in Full 0 10.125% 360 8
Summary 0110464417 Loan Paid in Full 0 12.525% 360 9
Summary 0110464468 Loan Paid in Full 0 9.225% 360 9
Summary 0110464524 Loan Paid in Full 0 10.500% 360 8
Summary 0110464550 Loan Paid in Full 0 8.990% 360 9
Summary 0110464712 Loan Paid in Full (1) 8.500% 360 8
Summary 0110464776 Loan Paid in Full (1) 9.990% 360 8
Summary 0110464790 Loan Paid in Full 0 9.740% 360 8
Summary 0110464956 Loan Paid in Full 0 9.000% 360 8
Summary 0110464979 Loan Paid in Full (1) 8.990% 360 9
Summary 0110465083 Loan Paid in Full 0 10.500% 240 8
Summary 0110465107 Loan Paid in Full 0 9.350% 360 8
Summary 0110465151 Loan Paid in Full 0 9.250% 360 8
Summary 0110465175 Loan Paid in Full 0 11.990% 360 8
Summary 0110465211 Loan Paid in Full 0 10.625% 360 8
Summary 0110465220 Loan Paid in Full (1) 11.700% 360 8
Summary 0110465224 Loan Paid in Full 0 9.990% 360 8
Summary 0110465266 Loan Paid in Full (1) 9.250% 360 8
Summary 0110465305 Loan Paid in Full 0 10.250% 360 8
Summary 0110465327 Loan Paid in Full 0 12.250% 120 8
Summary 0110465332 Loan Paid in Full (1) 10.625% 240 8
Summary 0110465358 Loan Paid in Full (1) 9.490% 360 8
Summary 0110465378 Loan Paid in Full (2) 9.875% 360 8
Summary 0110465386 Loan Paid in Full 0 10.375% 360 9
Summary 0110465426 Loan Paid in Full 0 9.750% 360 8
Summary 0110465435 Loan Paid in Full 0 10.500% 360 9
Summary 0110465448 Loan Paid in Full 0 10.990% 360 9
Summary 0110465463 Loan Paid in Full 0 11.375% 240 8
Summary 0110466419 Loan Paid in Full 0 9.300% 180 6
Summary 0110466529 Loan Paid in Full 0 6.575% 180 6
Summary 0110466709 Loan Paid in Full 0 9.990% 360 7
Summary 0110466782 Loan Paid in Full (1) 11.050% 360 7
Summary 0110466791 Loan Paid in Full 0 10.650% 360 7
Summary 0110466828 Loan Paid in Full 0 11.950% 360 12
Summary 0110466834 Loan Paid in Full (1) 11.200% 360 7
Summary 0110466935 Loan Paid in Full 0 10.500% 360 7
Summary 0110466941 Loan Paid in Full 0 11.300% 360 7
Summary 0110466968 Loan Paid in Full (1) 10.650% 360 7
Summary 0110467005 Loan Paid in Full 0 11.100% 360 7
Summary 0110467058 Loan Paid in Full 0 10.500% 360 7
Summary 0110467148 Loan Paid in Full 0 10.650% 360 7
Summary 0110467186 Loan Paid in Full 0 10.900% 360 8
Summary 0110467305 Loan Paid in Full 0 9.150% 360 7
Summary 0110467308 Loan Paid in Full (1) 11.950% 360 7
Summary 0110467352 Loan Paid in Full (1) 10.850% 360 7
Summary 0110467383 Loan Paid in Full 0 10.250% 360 7
Summary 0110467387 Loan Paid in Full 0 11.750% 360 7
Summary 0110467426 Loan Paid in Full 0 10.550% 360 7
Summary 0110467448 Loan Paid in Full (1) 10.250% 360 10
Summary 0110467455 Loan Paid in Full 0 10.500% 360 7
Summary 0110467500 Loan Paid in Full 0 10.500% 360 7
Summary 0110467512 Loan Paid in Full 0 12.750% 360 10
Summary 0110467526 Loan Paid in Full 1 9.150% 360 7
Summary 0110467537 Loan Paid in Full 0 10.900% 360 7
Summary 0110467607 Loan Paid in Full 0 9.250% 360 7
Summary 0110467623 Loan Paid in Full 0 10.600% 360 7
Summary 0110467649 Loan Paid in Full 0 11.300% 360 7
Summary 0110467705 Loan Paid in Full 0 11.700% 360 7
Summary 0110467726 Loan Paid in Full 0 10.750% 360 7
Summary 0110467789 Loan Paid in Full 0 10.950% 360 7
Summary 0110467830 Loan Paid in Full 0 9.990% 360 7
Summary 0110467890 Loan Paid in Full 0 11.450% 360 7
Summary 0110467921 Loan Paid in Full 0 10.650% 360 7
Summary 0110467931 Loan Paid in Full 0 11.150% 360 7
Summary 0110467937 Loan Paid in Full 0 10.650% 360 7
Summary 0110467951 Loan Paid in Full (1) 12.300% 360 11
Summary 0110467960 Loan Paid in Full 0 9.250% 360 7
Summary 0110468032 Loan Paid in Full 0 11.750% 360 11
Summary 0110468085 Loan Paid in Full 0 10.400% 360 10
Summary 0110468109 Loan Paid in Full (1) 10.900% 360 10
Summary 0110468158 Loan Paid in Full 0 12.400% 360 9
Summary 0110468188 Loan Paid in Full 0 10.500% 360 7
Summary 0110468203 Loan Paid in Full 0 11.250% 360 7
Summary 0110468227 Loan Paid in Full 0 11.250% 360 7
Summary 0110468261 Loan Paid in Full 0 10.550% 360 12
Summary 0110468276 Loan Paid in Full 0 10.800% 360 7
Summary 0110468303 Loan Paid in Full 0 11.450% 360 7
Summary 0110468341 Loan Paid in Full 0 12.250% 360 11
Summary 0110468503 Loan Paid in Full 0 9.400% 360 7
Summary 0110468660 Loan Paid in Full 0 11.200% 360 7
Summary 0110468693 Loan Paid in Full 0 11.400% 360 8
Summary 0110468713 Loan Paid in Full 0 10.950% 360 7
Summary 0110468760 Loan Paid in Full 0 11.300% 360 7
Summary 0110468762 Loan Paid in Full 0 12.100% 360 7
Summary 0110468773 Loan Paid in Full 0 11.650% 360 9
Summary 0110468777 Loan Paid in Full (1) 10.400% 360 7
Summary 0110468791 Loan Paid in Full 0 10.600% 360 7
Summary 0110468806 Loan Paid in Full (1) 10.150% 360 7
Summary 0110468860 Loan Paid in Full (1) 11.450% 360 7
Summary 0110468862 Loan Paid in Full 0 11.350% 360 7
Summary 0110468866 Loan Paid in Full 0 11.300% 360 7
Summary 0110468941 Loan Paid in Full 0 10.150% 360 7
Summary 0110469013 Loan Paid in Full (1) 9.150% 360 7
Summary 0110469108 Loan Paid in Full 0 9.750% 360 7
Summary 0110469140 Loan Paid in Full 0 12.300% 360 7
Summary 0110469163 Loan Paid in Full 0 10.800% 360 7
Summary 0110469196 Loan Paid in Full 0 10.000% 360 7
Summary 0110469225 Loan Paid in Full 0 11.050% 360 7
Summary 0110469228 Loan Paid in Full (1) 10.500% 360 7
Summary 0110469301 Loan Paid in Full 0 10.150% 360 7
Summary 0110469338 Loan Paid in Full 1 10.000% 360 7
Summary 0110469346 Loan Paid in Full 0 11.200% 360 7
Summary 0110469375 Loan Paid in Full 0 10.750% 360 7
Summary 0110469387 Loan Paid in Full 0 11.300% 360 10
Summary 0110469416 Loan Paid in Full 0 9.750% 360 8
Summary 0110469454 Loan Paid in Full 0 11.800% 360 7
Summary 0110469477 Loan Paid in Full 0 10.750% 360 7
Summary 0110469497 Loan Paid in Full 0 11.100% 360 7
Summary 0110469539 Loan Paid in Full (1) 10.000% 360 7
Summary 0110469587 Loan Paid in Full (1) 10.750% 360 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.383% Current Month 33.836% Current Month 2,229.336%
3 Month Average 3.589% 3 Month Average 35.220% 3 Month Average 2,685.686%
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 27.875% N/A Sep-2005 3,025.230% N/A
Oct-2005 28.279% N/A Oct-2005 2,525.155% N/A
Nov-2005 43.546% N/A Nov-2005 3,302.566% N/A
Dec-2005 33.836% N/A Dec-2005 2,229.336% 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>