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-AS1
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-10
Pooling and Servicing Agreement) (Commission 54-2186652
(State or other File Number) 54-2186653
jurisdiction 54-2186654
of Incorporation) IRS EIN
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On December 27, 2005 a distribution was made to holders of ACE SECURITIES CORP
. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-AS1 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-AS1 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-AS1 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-AS1 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-ASAP1
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-1 004421SY0 4.45375% 194,646,073.87 770,582.18
A-2A 004421SZ7 4.31375% 92,040,688.25 352,924.91
A-2B 004421TA1 4.40375% 66,658,000.00 260,929.04
A-2C 004421TB9 4.46375% 12,534,000.00 49,732.13
A-2D 004421TC7 4.54375% 28,174,000.00 113,791.66
M-1 004421TD5 4.87375% 64,303,000.00 278,574.89
M-2 004421TE3 4.89375% 16,207,000.00 70,500.45
M-3 004421TF0 4.94375% 4,444,000.00 19,528.91
M-4 004421TG8 5.29375% 9,149,000.00 43,051.13
M-5 004421TH6 5.59375% 5,489,000.00 27,292.53
M-6 004421TJ2 5.74375% 3,398,000.00 17,348.68
M-7 004421TK9 6.19375% 4,967,000.00 27,346.09
M-8 004421TL7 6.19375% 2,875,000.00 15,828.47
M-9 004421TM5 6.19375% 2,614,000.00 14,391.52
P ACE05AS1P 0.00000% 100.00 102,785.12
CE ACE05ASCE 0.00000% 4,182,340.67 461,817.84
R-1 ACE05ASR1 0.00000% 0.00 0.00
Totals 511,681,202.79 2,626,425.55
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-1 2,756,618.63 0.00 191,889,455.24 3,527,200.81 0.00
A-2A 4,692,643.35 0.00 87,348,044.90 5,045,568.26 0.00
A-2B 0.00 0.00 66,658,000.00 260,929.04 0.00
A-2C 0.00 0.00 12,534,000.00 49,732.13 0.00
A-2D 0.00 0.00 28,174,000.00 113,791.66 0.00
M-1 0.00 0.00 64,303,000.00 278,574.89 0.00
M-2 0.00 0.00 16,207,000.00 70,500.45 0.00
M-3 0.00 0.00 4,444,000.00 19,528.91 0.00
M-4 0.00 0.00 9,149,000.00 43,051.13 0.00
M-5 0.00 0.00 5,489,000.00 27,292.53 0.00
M-6 0.00 0.00 3,398,000.00 17,348.68 0.00
M-7 0.00 0.00 4,967,000.00 27,346.09 0.00
M-8 0.00 0.00 2,875,000.00 15,828.47 0.00
M-9 0.00 0.00 2,614,000.00 14,391.52 0.00
P 0.00 0.00 100.00 102,785.12 0.00
CE 0.00 0.00 4,182,340.67 461,817.84 0.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 7,449,261.98 0.00 504,231,940.81 10,075,687.53 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-1 199,395,000.00 194,646,073.87 0.00 2,756,618.63 0.00 0.00
A-2A 98,403,000.00 92,040,688.25 0.00 4,692,643.35 0.00 0.00
A-2B 66,658,000.00 66,658,000.00 0.00 0.00 0.00 0.00
A-2C 12,534,000.00 12,534,000.00 0.00 0.00 0.00 0.00
A-2D 28,174,000.00 28,174,000.00 0.00 0.00 0.00 0.00
M-1 64,303,000.00 64,303,000.00 0.00 0.00 0.00 0.00
M-2 16,207,000.00 16,207,000.00 0.00 0.00 0.00 0.00
M-3 4,444,000.00 4,444,000.00 0.00 0.00 0.00 0.00
M-4 9,149,000.00 9,149,000.00 0.00 0.00 0.00 0.00
M-5 5,489,000.00 5,489,000.00 0.00 0.00 0.00 0.00
M-6 3,398,000.00 3,398,000.00 0.00 0.00 0.00 0.00
M-7 4,967,000.00 4,967,000.00 0.00 0.00 0.00 0.00
M-8 2,875,000.00 2,875,000.00 0.00 0.00 0.00 0.00
M-9 2,614,000.00 2,614,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 4,182,484.00 4,182,340.67 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 522,792,584.00 511,681,202.79 0.00 7,449,261.98 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-1 2,756,618.63 191,889,455.24 0.962358 2,756,618.63
A-2A 4,692,643.35 87,348,044.90 0.887656 4,692,643.35
A-2B 0.00 66,658,000.00 1.000000 0.00
A-2C 0.00 12,534,000.00 1.000000 0.00
A-2D 0.00 28,174,000.00 1.000000 0.00
M-1 0.00 64,303,000.00 1.000000 0.00
M-2 0.00 16,207,000.00 1.000000 0.00
M-3 0.00 4,444,000.00 1.000000 0.00
M-4 0.00 9,149,000.00 1.000000 0.00
M-5 0.00 5,489,000.00 1.000000 0.00
M-6 0.00 3,398,000.00 1.000000 0.00
M-7 0.00 4,967,000.00 1.000000 0.00
M-8 0.00 2,875,000.00 1.000000 0.00
M-9 0.00 2,614,000.00 1.000000 0.00
P 0.00 100.00 1.000000 0.00
CE 0.00 4,182,340.67 0.999966 0.00
R-1 0.00 0.00 0.000000 0.00
Totals 7,449,261.98 504,231,940.81 0.964497 7,449,261.98
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-1 199,395,000.00 976.183324 0.000000 13.824914 0.000000
A-2A 98,403,000.00 935.344331 0.000000 47.688011 0.000000
A-2B 66,658,000.00 1000.000000 0.000000 0.000000 0.000000
A-2C 12,534,000.00 1000.000000 0.000000 0.000000 0.000000
A-2D 28,174,000.00 1000.000000 0.000000 0.000000 0.000000
M-1 64,303,000.00 1000.000000 0.000000 0.000000 0.000000
M-2 16,207,000.00 1000.000000 0.000000 0.000000 0.000000
M-3 4,444,000.00 1000.000000 0.000000 0.000000 0.000000
M-4 9,149,000.00 1000.000000 0.000000 0.000000 0.000000
M-5 5,489,000.00 1000.000000 0.000000 0.000000 0.000000
M-6 3,398,000.00 1000.000000 0.000000 0.000000 0.000000
M-7 4,967,000.00 1000.000000 0.000000 0.000000 0.000000
M-8 2,875,000.00 1000.000000 0.000000 0.000000 0.000000
M-9 2,614,000.00 1000.000000 0.000000 0.000000 0.000000
P 100.00 1000.000000 0.000000 0.000000 0.000000
CE 4,182,484.00 999.965731 0.000000 0.000000 0.000000
R-1 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-1 0.000000 13.824914 962.358410 0.962358 13.824914
A-2A 0.000000 47.688011 887.656320 0.887656 47.688011
A-2B 0.000000 0.000000 1,000.000000 1.000000 0.000000
A-2C 0.000000 0.000000 1,000.000000 1.000000 0.000000
A-2D 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
M-8 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-9 0.000000 0.000000 1,000.000000 1.000000 0.000000
P 0.000000 0.000000 1,000.000000 1.000000 0.000000
CE 0.000000 0.000000 999.965731 0.999966 0.000000
R-1 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-1 11/25/05 - 12/26/05 32 4.45375% 194,646,073.87 770,582.18 0.00
A-2A 11/25/05 - 12/26/05 32 4.31375% 92,040,688.25 352,924.91 0.00
A-2B 11/25/05 - 12/26/05 32 4.40375% 66,658,000.00 260,929.04 0.00
A-2C 11/25/05 - 12/26/05 32 4.46375% 12,534,000.00 49,732.13 0.00
A-2D 11/25/05 - 12/26/05 32 4.54375% 28,174,000.00 113,791.66 0.00
M-1 11/25/05 - 12/26/05 32 4.87375% 64,303,000.00 278,574.89 0.00
M-2 11/25/05 - 12/26/05 32 4.89375% 16,207,000.00 70,500.45 0.00
M-3 11/25/05 - 12/26/05 32 4.94375% 4,444,000.00 19,528.91 0.00
M-4 11/25/05 - 12/26/05 32 5.29375% 9,149,000.00 43,051.13 0.00
M-5 11/25/05 - 12/26/05 32 5.59375% 5,489,000.00 27,292.53 0.00
M-6 11/25/05 - 12/26/05 32 5.74375% 3,398,000.00 17,348.68 0.00
M-7 11/25/05 - 12/26/05 32 6.19375% 4,967,000.00 27,346.09 0.00
M-8 11/25/05 - 12/26/05 32 6.19375% 2,875,000.00 15,828.47 0.00
M-9 11/25/05 - 12/26/05 32 6.19375% 2,614,000.00 14,391.52 0.00
P N/A N/A 0.00000% 100.00 0.00 0.00
CE N/A N/A 0.00000% 511,681,202.79 0.00 0.00
R-1 N/A N/A 0.00000% 0.00 0.00 0.00
Totals 2,061,822.59 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-1 0.00 0.00 770,582.18 0.00 191,889,455.24
A-2A 0.00 0.00 352,924.91 0.00 87,348,044.90
A-2B 0.00 0.00 260,929.04 0.00 66,658,000.00
A-2C 0.00 0.00 49,732.13 0.00 12,534,000.00
A-2D 0.00 0.00 113,791.66 0.00 28,174,000.00
M-1 0.00 0.00 278,574.89 0.00 64,303,000.00
M-2 0.00 0.00 70,500.45 0.00 16,207,000.00
M-3 0.00 0.00 19,528.91 0.00 4,444,000.00
M-4 0.00 0.00 43,051.13 0.00 9,149,000.00
M-5 0.00 0.00 27,292.53 0.00 5,489,000.00
M-6 0.00 0.00 17,348.68 0.00 3,398,000.00
M-7 0.00 0.00 27,346.09 0.00 4,967,000.00
M-8 0.00 0.00 15,828.47 0.00 2,875,000.00
M-9 0.00 0.00 14,391.52 0.00 2,614,000.00
P 0.00 0.00 102,785.12 0.00 100.00
CE 0.00 0.00 461,817.84 0.00 504,231,940.81
R-1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 2,626,425.55 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-1 11/25/05 - 12/26/05 199,395,000.00 4.45375% 976.183324 3.864601 0.000000
A-2A 11/25/05 - 12/26/05 98,403,000.00 4.31375% 935.344331 3.586526 0.000000
A-2B 11/25/05 - 12/26/05 66,658,000.00 4.40375% 1000.000000 3.914444 0.000000
A-2C 11/25/05 - 12/26/05 12,534,000.00 4.46375% 1000.000000 3.967778 0.000000
A-2D 11/25/05 - 12/26/05 28,174,000.00 4.54375% 1000.000000 4.038889 0.000000
M-1 11/25/05 - 12/26/05 64,303,000.00 4.87375% 1000.000000 4.332222 0.000000
M-2 11/25/05 - 12/26/05 16,207,000.00 4.89375% 1000.000000 4.350000 0.000000
M-3 11/25/05 - 12/26/05 4,444,000.00 4.94375% 1000.000000 4.394444 0.000000
M-4 11/25/05 - 12/26/05 9,149,000.00 5.29375% 1000.000000 4.705556 0.000000
M-5 11/25/05 - 12/26/05 5,489,000.00 5.59375% 1000.000000 4.972223 0.000000
M-6 11/25/05 - 12/26/05 3,398,000.00 5.74375% 1000.000000 5.105556 0.000000
M-7 11/25/05 - 12/26/05 4,967,000.00 6.19375% 1000.000000 5.505555 0.000000
M-8 11/25/05 - 12/26/05 2,875,000.00 6.19375% 1000.000000 5.505555 0.000000
M-9 11/25/05 - 12/26/05 2,614,000.00 6.19375% 1000.000000 5.505555 0.000000
P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000
CE N/A 4,182,484.00 0.00000% 122339.069986 0.000000 0.000000
R-1 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-1 0.000000 0.000000 3.864601 0.000000 962.358410
A-2A 0.000000 0.000000 3.586526 0.000000 887.656320
A-2B 0.000000 0.000000 3.914444 0.000000 1000.000000
A-2C 0.000000 0.000000 3.967778 0.000000 1000.000000
A-2D 0.000000 0.000000 4.038889 0.000000 1000.000000
M-1 0.000000 0.000000 4.332222 0.000000 1000.000000
M-2 0.000000 0.000000 4.350000 0.000000 1000.000000
M-3 0.000000 0.000000 4.394444 0.000000 1000.000000
M-4 0.000000 0.000000 4.705556 0.000000 1000.000000
M-5 0.000000 0.000000 4.972223 0.000000 1000.000000
M-6 0.000000 0.000000 5.105556 0.000000 1000.000000
M-7 0.000000 0.000000 5.505555 0.000000 1000.000000
M-8 0.000000 0.000000 5.505555 0.000000 1000.000000
M-9 0.000000 0.000000 5.505555 0.000000 1000.000000
P 0.000000 0.000000 1027851.200000 0.000000 1000.000000
CE 0.000000 0.000000 110.417121 0.000000 120558.008306
R-1 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 10,048,546.58
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 202,305.56
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 102,785.12
Swap/Cap Payments 0.00
Total Deposits 10,353,637.26
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 53,023.20
Total Administration Fees 224,926.53
Payment of Interest and Principal 10,075,687.53
Total Withdrawals (Pool Distribution Amount) 10,353,637.26
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* 213,200.50
Credit Risk Manager Fee - Clayton Fixed Income Services 6,396.01
Master Servicing Fee - Wells Fargo 5,330.02
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 224,926.53
<FN>
*Servicer Payees include: OCWEN FEDERAL BANK FSB
</FN>
Reserve Accounts
Account Name Beginning Current Withdrawals Current Deposits Ending Balance
Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 4,818.13 4,818.13 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.525850%
Weighted Average Net Coupon 6.025850%
Weighted Average Pass-Through Rate 5.998350%
Weighted Average Remaining Term 345
Beginning Scheduled Collateral Loan Count 3,142
Number Of Loans Paid In Full 43
Ending Scheduled Collateral Loan Count 3,099
Beginning Scheduled Collateral Balance 511,681,202.79
Ending Scheduled Collateral Balance 504,231,940.81
Ending Actual Collateral Balance at 30-Nov-2005 504,386,432.78
Monthly P&I Constant 2,941,465.30
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 102,785.12
Prepayment Penalty Paid Count 23
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 158,836.26
Unscheduled Principal 7,290,425.72
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 4,182,340.67
Overcollateralized Amount 4,182,340.67
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Credit Enhancement Percentage: 0.00
Supplemental Trust Payment in respect of the Swap Agreement: 32763.18
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 6.525850%
Weighted Average Net Rate 6.025850%
Weighted Average Pass Through Rate 5.998350%
Weighted Average Remaining Term 345
Record Date 11/30/2005
Principal and Interest Constant 2,941,465.30
Beginning Loan Count 3,142
Loans Paid in Full 43
Ending Loan Count 3,099
Beginning Scheduled Balance 511,681,202.79
Ending Scheduled Balance 504,231,940.81
Ending Actual Balance at 30-Nov-2005 504,386,432.78
Scheduled Principal 158,836.26
Unscheduled Principal 7,290,425.72
Scheduled Interest 2,782,629.04
Servicing Fee 213,200.50
Master Servicing Fee 5,330.02
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,396.01
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,557,702.51
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 102,785.12
Prepayment Penalty Paid Count 23
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 4,182,340.67
Overcollateralized Amount 4,182,340.67
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Group Level Collateral Statement
<s> <c> <c>
Group Gr. 1 - Sub Gr. 1 Gr. 1 - Sub Gr. 2 Gr. 2 - Sub Gr. 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 7.956881 6.562638 7.948779
Weighted Average Net Rate 7.456881 6.062638 7.448779
Weighted Average Remaining Term 283 354 263
Beginning Loan Count 482 1,536 305
Loans Paid In Full 5 12 11
Ending Loan Count 477 1,524 294
Beginning Scheduled Balance 28,255,398.86 224,279,330.45 29,435,127.15
Ending Scheduled Balance 27,938,138.53 221,839,972.15 28,499,010.58
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 209,084.73 1,298,322.57 217,065.73
Scheduled Principal 21,730.70 71,769.18 22,087.96
Unscheduled Principal 295,529.63 2,367,589.12 914,028.61
Scheduled Interest 187,354.03 1,226,553.39 194,977.77
Servicing Fee 11,773.08 93,449.72 12,264.64
Master Servicing Fee 294.33 2,336.24 306.62
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 353.19 2,803.49 367.94
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 174,933.43 1,127,963.94 182,038.57
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 Not Available Not Available Not Available
Prepayment Penalty Paid Count Not Available Not Available Not Available
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.429381 6.035138 7.421279
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group Gr. 2 - Sub Gr. 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.131576 6.525850
Weighted Average Net Rate 5.631576 6.025850
Weighted Average Remaining Term 355 345
Beginning Loan Count 819 3,142
Loans Paid In Full 15 43
Ending Loan Count 804 3,099
Beginning Scheduled Balance 229,711,346.33 511,681,202.79
Ending scheduled Balance 225,954,819.55 504,231,940.81
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 1,216,992.27 2,941,465.30
Scheduled Principal 43,248.42 158,836.26
Unscheduled Principal 3,713,278.36 7,290,425.72
Scheduled Interest 1,173,743.85 2,782,629.04
Servicing Fee 95,713.06 213,200.50
Master Servicing Fee 2,392.83 5,330.02
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,871.39 6,396.01
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 1,072,766.57 2,557,702.51
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 Not Available 102785.12
Prepayment Penalty Paid Count Not Available 23
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.604076 5.998350
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Credit Enhancement Percentage 23.328221%
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 69 0 0 0 69
9,530,132.50 0.00 0.00 0.00 9,530,132.50
60 Days 24 0 0 0 24
3,729,747.05 0.00 0.00 0.00 3,729,747.05
90 Days 10 0 0 0 10
1,138,936.01 0.00 0.00 0.00 1,138,936.01
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 103 0 0 0 103
14,398,815.56 0.00 0.00 0.00 14,398,815.56
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 2.226525% 0.000000% 0.000000% 0.000000% 2.226525%
1.889451% 0.000000% 0.000000% 0.000000% 1.889451%
60 Days 0.774443% 0.000000% 0.000000% 0.000000% 0.774443%
0.739462% 0.000000% 0.000000% 0.000000% 0.739462%
90 Days 0.322685% 0.000000% 0.000000% 0.000000% 0.322685%
0.225806% 0.000000% 0.000000% 0.000000% 0.225806%
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 3.323653% 0.000000% 0.000000% 0.000000% 3.323653%
2.854719% 0.000000% 0.000000% 0.000000% 2.854719%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 202,305.56
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Gr. 1 - Sub Gr. 1
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 14 0 0 0 14
591,394.15 0.00 0.00 0.00 591,394.15
60 Days 3 0 0 0 3
191,367.97 0.00 0.00 0.00 191,367.97
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 17 0 0 0 17
782,762.12 0.00 0.00 0.00 782,762.12
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.935010% 0.000000% 0.000000% 0.000000% 2.935010%
2.115276% 0.000000% 0.000000% 0.000000% 2.115276%
60 Days 0.628931% 0.000000% 0.000000% 0.000000% 0.628931%
0.684478% 0.000000% 0.000000% 0.000000% 0.684478%
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 3.563941% 0.000000% 0.000000% 0.000000% 3.563941%
2.799754% 0.000000% 0.000000% 0.000000% 2.799754%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Gr. 1 - Sub Gr. 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 37 0 0 0 37
5,132,338.42 0.00 0.00 0.00 5,132,338.42
60 Days 14 0 0 0 14
2,007,404.98 0.00 0.00 0.00 2,007,404.98
90 Days 8 0 0 0 8
804,648.15 0.00 0.00 0.00 804,648.15
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 59 0 0 0 59
7,944,391.55 0.00 0.00 0.00 7,944,391.55
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.427822% 0.000000% 0.000000% 0.000000% 2.427822%
2.312754% 0.000000% 0.000000% 0.000000% 2.312754%
60 Days 0.918635% 0.000000% 0.000000% 0.000000% 0.918635%
0.904584% 0.000000% 0.000000% 0.000000% 0.904584%
90 Days 0.524934% 0.000000% 0.000000% 0.000000% 0.524934%
0.362594% 0.000000% 0.000000% 0.000000% 0.362594%
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 3.871391% 0.000000% 0.000000% 0.000000% 3.871391%
3.579932% 0.000000% 0.000000% 0.000000% 3.579932%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Gr. 2 - Sub Gr. 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 4 0 0 0 4
342,982.25 0.00 0.00 0.00 342,982.25
60 Days 1 0 0 0 1
83,831.33 0.00 0.00 0.00 83,831.33
90 Days 1 0 0 0 1
98,287.86 0.00 0.00 0.00 98,287.86
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 6 0 0 0 6
525,101.44 0.00 0.00 0.00 525,101.44
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.360544% 0.000000% 0.000000% 0.000000% 1.360544%
1.202713% 0.000000% 0.000000% 0.000000% 1.202713%
60 Days 0.340136% 0.000000% 0.000000% 0.000000% 0.340136%
0.293966% 0.000000% 0.000000% 0.000000% 0.293966%
90 Days 0.340136% 0.000000% 0.000000% 0.000000% 0.340136%
0.344659% 0.000000% 0.000000% 0.000000% 0.344659%
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 2.040816% 0.000000% 0.000000% 0.000000% 2.040816%
1.841337% 0.000000% 0.000000% 0.000000% 1.841337%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Gr. 2 - Sub Gr. 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 14 0 0 0 14
3,463,417.68 0.00 0.00 0.00 3,463,417.68
60 Days 6 0 0 0 6
1,447,142.77 0.00 0.00 0.00 1,447,142.77
90 Days 1 0 0 0 1
236,000.00 0.00 0.00 0.00 236,000.00
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 21 0 0 0 21
5,146,560.45 0.00 0.00 0.00 5,146,560.45
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.741294% 0.000000% 0.000000% 0.000000% 1.741294%
1.532512% 0.000000% 0.000000% 0.000000% 1.532512%
60 Days 0.746269% 0.000000% 0.000000% 0.000000% 0.746269%
0.640340% 0.000000% 0.000000% 0.000000% 0.640340%
90 Days 0.124378% 0.000000% 0.000000% 0.000000% 0.124378%
0.104427% 0.000000% 0.000000% 0.000000% 0.104427%
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 2.611940% 0.000000% 0.000000% 0.000000% 2.611940%
2.277278% 0.000000% 0.000000% 0.000000% 2.277278%
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.
Gr. 1 - Sub Gr. 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.
Gr. 1 - Sub Gr. 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.
Gr. 2 - Sub Gr. 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.
Gr. 2 - Sub Gr. 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 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.
Gr. 1 - Sub Gr. 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Gr. 1 - Sub Gr. 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.
Gr. 2 - Sub Gr. 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.
Gr. 2 - Sub Gr. 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>
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.
Gr. 1 - Sub Gr. 1 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 0 Jun-05 0.000%
Original Principal Balance 0.00 Jul-05 0.000%
Current Principal Balance 0.00 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
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.
Gr. 1 - Sub Gr. 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.
Gr. 2 - Sub Gr. 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.
Gr. 2 - Sub Gr. 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>
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>
Gr. 1 - Sub Gr. 1 0 0.00 0.00 0.000%
Gr. 1 - Sub Gr. 2 0 0.00 0.00 0.000%
Gr. 2 - Sub Gr. 3 0 0.00 0.00 0.000%
Gr. 2 - Sub Gr. 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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
Gr. 1 - Sub Gr. 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
Gr. 1 - Sub Gr. 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
Gr. 2 - Sub Gr. 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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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.
Gr. 2 - Sub Gr. 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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 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 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A 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>
Gr. 1 - Sub Gr. 1 5 292,602.00 291,448.12 0 0.00 0.00
Gr. 1 - Sub Gr. 2 12 2,349,310.00 2,345,807.61 0 0.00 0.00
Gr. 2 - Sub Gr. 3 11 915,633.00 911,940.42 0 0.00 0.00
Gr. 2 - Sub Gr. 4 15 3,704,759.00 3,699,897.70 0 0.00 0.00
Total 43 7,262,304.00 7,249,093.85 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>
Gr. 1 - Sub Gr. 1 0 0.00 0.00 0 0.00 0.00 4,260.02
Gr. 1 - Sub Gr. 2 0 0.00 0.00 0 0.00 0.00 22,339.92
Gr. 2 - Sub Gr. 3 0 0.00 0.00 0 0.00 0.00 2,716.36
Gr. 2 - Sub Gr. 4 0 0.00 0.00 0 0.00 0.00 14,190.99
Total 0 0.00 0.00 0 0.00 0.00 43,507.29
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>
Gr. 1 - Sub Gr. 1 0110457834 NV 100.00 01-May-2005 145,000.00 144,279.62
Gr. 1 - Sub Gr. 1 0110478750 AZ 100.00 01-Jun-2005 34,302.00 34,174.58
Gr. 1 - Sub Gr. 1 0110488439 WI 100.00 01-Jun-2005 26,600.00 26,478.76
Gr. 1 - Sub Gr. 1 0110488454 WA 93.59 01-May-2005 43,500.00 43,323.78
Gr. 1 - Sub Gr. 1 0110488508 AZ 100.00 01-Jun-2005 43,200.00 43,012.87
Gr. 1 - Sub Gr. 2 0110449418 AZ 87.63 01-Apr-2005 170,000.00 170,000.00
Gr. 1 - Sub Gr. 2 0110463347 KY 48.78 01-May-2005 100,000.00 99,352.78
Gr. 1 - Sub Gr. 2 0110465777 CA 100.00 01-Jun-2005 220,190.00 220,190.00
Gr. 1 - Sub Gr. 2 0110473188 CA 100.00 01-Jun-2005 345,023.00 345,023.00
Gr. 1 - Sub Gr. 2 0110479026 MD 90.00 01-May-2005 279,000.00 279,000.00
Gr. 1 - Sub Gr. 2 0110488440 WI 100.00 01-Jun-2005 106,400.00 106,400.00
Gr. 1 - Sub Gr. 2 0110488457 CA 80.00 01-May-2005 306,908.00 304,591.18
Gr. 1 - Sub Gr. 2 0110488509 AZ 100.00 01-Jun-2005 172,800.00 172,800.00
Gr. 1 - Sub Gr. 2 0110502886 MD 95.00 01-Jul-2005 220,000.00 219,998.94
Gr. 1 - Sub Gr. 2 0110529175 WI 100.00 01-Jul-2005 112,800.00 112,326.51
Gr. 1 - Sub Gr. 2 0110562378 CA 80.00 01-Jul-2005 152,000.00 151,377.79
Gr. 1 - Sub Gr. 2 0110751871 AZ 100.00 01-Aug-2005 164,189.00 164,189.00
Gr. 2 - Sub Gr. 3 0110472392 CA 100.00 01-Jun-2005 66,370.00 66,170.12
Gr. 2 - Sub Gr. 3 0110473154 AZ 100.00 01-Jun-2005 36,370.00 36,260.34
Gr. 2 - Sub Gr. 3 0110473187 CA 100.00 01-Jun-2005 86,255.00 85,899.93
Gr. 2 - Sub Gr. 3 0110474709 TX 100.00 01-Jun-2005 78,760.00 78,367.10
Gr. 2 - Sub Gr. 3 0110474710 TX 100.00 01-Jun-2005 315,040.00 312,914.55
Gr. 2 - Sub Gr. 3 0110474763 CA 100.00 01-Jun-2005 41,270.00 41,184.80
Gr. 2 - Sub Gr. 3 0110478690 AZ 99.99 01-Jun-2005 78,200.00 77,988.24
Gr. 2 - Sub Gr. 3 0110478700 CA 90.00 01-Jun-2005 68,309.00 68,068.14
Gr. 2 - Sub Gr. 3 0110502694 AZ 100.00 01-Jun-2005 35,451.00 35,327.15
Gr. 2 - Sub Gr. 3 0110502880 CA 100.00 01-Jun-2005 64,608.00 64,298.36
Gr. 2 - Sub Gr. 3 0110543821 FL 100.00 01-Jul-2005 45,000.00 44,833.52
Gr. 2 - Sub Gr. 4 0110456420 NJ 88.24 01-May-2005 450,000.00 450,000.00
Gr. 2 - Sub Gr. 4 0110463387 MD 100.00 01-May-2005 149,500.00 149,500.00
Gr. 2 - Sub Gr. 4 0110472391 CA 100.00 01-Jun-2005 265,480.00 265,480.00
Gr. 2 - Sub Gr. 4 0110473155 AZ 100.00 01-Jun-2005 145,480.00 144,517.26
Gr. 2 - Sub Gr. 4 0110478695 AZ 99.99 01-Jun-2005 312,750.00 312,720.55
Gr. 2 - Sub Gr. 4 0110478722 CA 90.00 01-Jun-2005 546,476.00 546,476.00
Gr. 2 - Sub Gr. 4 0110502695 AZ 100.00 01-Jun-2005 141,805.00 141,641.27
Gr. 2 - Sub Gr. 4 0110524483 AZ 74.98 01-Jun-2005 131,250.00 130,445.48
Gr. 2 - Sub Gr. 4 0110527082 FL 90.00 01-Jun-2005 282,695.00 281,270.93
Gr. 2 - Sub Gr. 4 0110527199 AZ 90.00 01-Jun-2005 204,823.00 203,876.61
Gr. 2 - Sub Gr. 4 0110527232 AZ 82.00 01-Jul-2005 236,000.00 236,000.00
Gr. 2 - Sub Gr. 4 0110527443 CA 100.00 01-Jul-2005 132,000.00 131,123.12
Gr. 2 - Sub Gr. 4 0110535450 CA 90.00 01-Jul-2005 428,000.00 428,000.00
Gr. 2 - Sub Gr. 4 0110539131 TX 57.09 01-Jul-2005 100,000.00 99,536.15
Gr. 2 - Sub Gr. 4 0110606146 MN 85.00 01-Jul-2005 178,500.00 178,500.00
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>
Gr. 1 - Sub Gr. 1 0110457834 Loan Paid in Full 0 8.500% 180 7
Gr. 1 - Sub Gr. 1 0110478750 Loan Paid in Full 1 9.250% 180 6
Gr. 1 - Sub Gr. 1 0110488439 Loan Paid in Full 0 8.250% 180 6
Gr. 1 - Sub Gr. 1 0110488454 Loan Paid in Full 0 9.500% 180 7
Gr. 1 - Sub Gr. 1 0110488508 Loan Paid in Full 0 8.500% 180 6
Gr. 1 - Sub Gr. 2 0110449418 Loan Paid in Full 1 9.500% 360 8
Gr. 1 - Sub Gr. 2 0110463347 Loan Paid in Full 0 7.500% 360 7
Gr. 1 - Sub Gr. 2 0110465777 Loan Paid in Full 0 6.000% 360 6
Gr. 1 - Sub Gr. 2 0110473188 Loan Paid in Full 0 5.875% 360 6
Gr. 1 - Sub Gr. 2 0110479026 Loan Paid in Full 0 7.375% 360 7
Gr. 1 - Sub Gr. 2 0110488440 Loan Paid in Full 0 6.000% 360 6
Gr. 1 - Sub Gr. 2 0110488457 Loan Paid in Full 0 6.375% 360 7
Gr. 1 - Sub Gr. 2 0110488509 Loan Paid in Full 0 5.750% 360 6
Gr. 1 - Sub Gr. 2 0110502886 Loan Paid in Full 0 6.875% 360 5
Gr. 1 - Sub Gr. 2 0110529175 Loan Paid in Full 0 7.875% 360 5
Gr. 1 - Sub Gr. 2 0110562378 Loan Paid in Full 0 8.000% 360 5
Gr. 1 - Sub Gr. 2 0110751871 Loan Paid in Full 0 6.500% 360 4
Gr. 2 - Sub Gr. 3 0110472392 Loan Paid in Full 0 10.250% 180 6
Gr. 2 - Sub Gr. 3 0110473154 Loan Paid in Full 0 10.250% 180 6
Gr. 2 - Sub Gr. 3 0110473187 Loan Paid in Full 0 8.750% 180 6
Gr. 2 - Sub Gr. 3 0110474709 Loan Paid in Full 0 8.250% 180 6
Gr. 2 - Sub Gr. 3 0110474710 Loan Paid in Full 0 6.250% 360 6
Gr. 2 - Sub Gr. 3 0110474763 Loan Paid in Full (1) 12.000% 240 6
Gr. 2 - Sub Gr. 3 0110478690 Loan Paid in Full 0 10.750% 180 6
Gr. 2 - Sub Gr. 3 0110478700 Loan Paid in Full 0 9.500% 180 6
Gr. 2 - Sub Gr. 3 0110502694 Loan Paid in Full 0 9.625% 180 6
Gr. 2 - Sub Gr. 3 0110502880 Loan Paid in Full 0 8.000% 180 6
Gr. 2 - Sub Gr. 3 0110543821 Loan Paid in Full 0 8.500% 180 5
Gr. 2 - Sub Gr. 4 0110456420 Loan Paid in Full 0 8.375% 360 7
Gr. 2 - Sub Gr. 4 0110463387 Loan Paid in Full 0 7.000% 360 7
Gr. 2 - Sub Gr. 4 0110472391 Loan Paid in Full 0 6.125% 360 6
Gr. 2 - Sub Gr. 4 0110473155 Loan Paid in Full 0 6.625% 360 6
Gr. 2 - Sub Gr. 4 0110478695 Loan Paid in Full 0 6.250% 360 6
Gr. 2 - Sub Gr. 4 0110478722 Loan Paid in Full 0 4.875% 360 6
Gr. 2 - Sub Gr. 4 0110502695 Loan Paid in Full 0 6.250% 360 6
Gr. 2 - Sub Gr. 4 0110524483 Loan Paid in Full 0 6.750% 360 6
Gr. 2 - Sub Gr. 4 0110527082 Loan Paid in Full 0 7.750% 360 6
Gr. 2 - Sub Gr. 4 0110527199 Loan Paid in Full 0 8.625% 360 6
Gr. 2 - Sub Gr. 4 0110527232 Loan Paid in Full 0 5.750% 360 5
Gr. 2 - Sub Gr. 4 0110527443 Loan Paid in Full 0 5.500% 360 5
Gr. 2 - Sub Gr. 4 0110535450 Loan Paid in Full 0 6.625% 360 5
Gr. 2 - Sub Gr. 4 0110539131 Loan Paid in Full 0 7.375% 360 5
Gr. 2 - Sub Gr. 4 0110606146 Loan Paid in Full 0 7.875% 360 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.425% Current Month 15.824% Current Month 1,447.650%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 22.440% N/A Nov-2005 2,508.492% N/A
Dec-2005 15.824% N/A Dec-2005 1,447.650% 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.
Gr. 1 - Sub Gr. 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.047% Current Month 11.862% Current Month 1,031.655%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 19.015% N/A Nov-2005 1,998.027% N/A
Dec-2005 11.862% N/A Dec-2005 1,031.655% 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.
Gr. 1 - Sub Gr. 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.056% Current Month 11.961% Current Month 1,087.027%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 19.766% N/A Nov-2005 2,192.294% N/A
Dec-2005 11.961% N/A Dec-2005 1,087.027% 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.
Gr. 2 - Sub Gr. 3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.108% Current Month 31.533% Current Month 2,775.410%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 10.667% N/A Nov-2005 1,137.341% N/A
Dec-2005 31.533% N/A Dec-2005 2,775.410% 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.
Gr. 2 - Sub Gr. 4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.617% Current Month 17.766% Current Month 1,654.991%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 N/A N/A Oct-2005 N/A N/A
Nov-2005 26.681% N/A Nov-2005 3,048.819% N/A
Dec-2005 17.766% N/A Dec-2005 1,654.991% 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>