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-AG1
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-09
Pooling and Servicing Agreement) (Commission 54-2186648
(State or other File Number) 54-2186649
jurisdiction 54-2186650
of Incorporation) 54-2186651
54-2188546
54-2188547
54-2188548
54-2188549
54-2188550
54-2188551
54-2188552
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-AG1 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-AG1 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-AG1 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-AG1 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-AG1
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 004427BV1 4.45375% 176,845,782.76 700,112.80
A1-B1 004427BW9 4.46375% 119,062,574.99 472,413.84
A1-B2 004427BX7 4.48375% 29,766,131.09 118,634.57
A-2A 004427BY5 4.33375% 96,214,996.33 370,641.55
A-2B 004427BZ2 4.40375% 43,378,000.00 169,800.77
A-2C 004427CA6 4.46375% 24,668,000.00 97,877.14
A-2D 004427CB4 4.55375% 18,793,000.00 76,069.89
M-1 004427CC2 4.63375% 27,373,000.00 112,746.35
M-2 004427CD0 4.65375% 25,294,000.00 104,632.85
M-3 004427CE8 4.68375% 17,671,000.00 73,570.26
M-4 004427CF5 4.80375% 13,167,000.00 56,223.09
M-5 004427CG3 4.88375% 12,474,000.00 54,151.02
M-6 004427CH1 4.96375% 10,741,000.00 47,391.68
B-1 004427CJ7 5.44375% 11,434,000.00 55,327.86
B-2 004427CK4 5.54375% 8,316,000.00 40,979.40
B-3 004427CL2 5.94375% 7,623,000.00 40,274.85
B-4 004427CM0 6.19375% 6,930,000.00 38,153.50
B-5 004427CN8 6.19375% 6,930,000.00 38,153.50
P ACE05AG1P 0.00000% 100.00 96,842.50
C-E ACE05G1CE 0.00000% 24,601,098.27 648,130.55
R-1 ACE05G1R1 0.00000% 0.00 0.00
Totals 681,282,683.44 3,412,127.97
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 5,223,609.96 0.00 171,622,172.80 5,923,722.76 0.00
A1-B1 1,195,226.55 0.00 117,867,348.43 1,667,640.39 0.00
A1-B2 298,811.53 0.00 29,467,319.56 417,446.10 0.00
A-2A 2,251,074.83 0.00 93,963,921.50 2,621,716.38 0.00
A-2B 0.00 0.00 43,378,000.00 169,800.77 0.00
A-2C 0.00 0.00 24,668,000.00 97,877.14 0.00
A-2D 0.00 0.00 18,793,000.00 76,069.89 0.00
M-1 0.00 0.00 27,373,000.00 112,746.35 0.00
M-2 0.00 0.00 25,294,000.00 104,632.85 0.00
M-3 0.00 0.00 17,671,000.00 73,570.26 0.00
M-4 0.00 0.00 13,167,000.00 56,223.09 0.00
M-5 0.00 0.00 12,474,000.00 54,151.02 0.00
M-6 0.00 0.00 10,741,000.00 47,391.68 0.00
B-1 0.00 0.00 11,434,000.00 55,327.86 0.00
B-2 0.00 0.00 8,316,000.00 40,979.40 0.00
B-3 0.00 0.00 7,623,000.00 40,274.85 0.00
B-4 0.00 0.00 6,930,000.00 38,153.50 0.00
B-5 0.00 0.00 6,930,000.00 38,153.50 0.00
P 0.00 0.00 100.00 96,842.50 0.00
C-E 0.00 0.00 24,601,098.27 648,130.55 0.00
R-1 0.00 0.00 0.00 0.00 0.00
Totals 8,968,722.87 0.00 672,313,960.56 12,380,850.84 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 181,194,000.00 176,845,782.76 0.00 5,223,609.96 0.00 0.00
A1-B1 122,154,000.00 119,062,574.99 0.00 1,195,226.55 0.00 0.00
A1-B2 30,539,000.00 29,766,131.09 0.00 298,811.53 0.00 0.00
A-2A 99,708,000.00 96,214,996.33 0.00 2,251,074.83 0.00 0.00
A-2B 43,378,000.00 43,378,000.00 0.00 0.00 0.00 0.00
A-2C 24,668,000.00 24,668,000.00 0.00 0.00 0.00 0.00
A-2D 18,793,000.00 18,793,000.00 0.00 0.00 0.00 0.00
M-1 27,373,000.00 27,373,000.00 0.00 0.00 0.00 0.00
M-2 25,294,000.00 25,294,000.00 0.00 0.00 0.00 0.00
M-3 17,671,000.00 17,671,000.00 0.00 0.00 0.00 0.00
M-4 13,167,000.00 13,167,000.00 0.00 0.00 0.00 0.00
M-5 12,474,000.00 12,474,000.00 0.00 0.00 0.00 0.00
M-6 10,741,000.00 10,741,000.00 0.00 0.00 0.00 0.00
B-1 11,434,000.00 11,434,000.00 0.00 0.00 0.00 0.00
B-2 8,316,000.00 8,316,000.00 0.00 0.00 0.00 0.00
B-3 7,623,000.00 7,623,000.00 0.00 0.00 0.00 0.00
B-4 6,930,000.00 6,930,000.00 0.00 0.00 0.00 0.00
B-5 6,930,000.00 6,930,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
C-E 24,601,583.59 24,601,098.27 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 692,988,683.59 681,282,683.44 0.00 8,968,722.87 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 5,223,609.96 171,622,172.80 0.947174 5,223,609.96
A1-B1 1,195,226.55 117,867,348.43 0.964908 1,195,226.55
A1-B2 298,811.53 29,467,319.56 0.964908 298,811.53
A-2A 2,251,074.83 93,963,921.50 0.942391 2,251,074.83
A-2B 0.00 43,378,000.00 1.000000 0.00
A-2C 0.00 24,668,000.00 1.000000 0.00
A-2D 0.00 18,793,000.00 1.000000 0.00
M-1 0.00 27,373,000.00 1.000000 0.00
M-2 0.00 25,294,000.00 1.000000 0.00
M-3 0.00 17,671,000.00 1.000000 0.00
M-4 0.00 13,167,000.00 1.000000 0.00
M-5 0.00 12,474,000.00 1.000000 0.00
M-6 0.00 10,741,000.00 1.000000 0.00
B-1 0.00 11,434,000.00 1.000000 0.00
B-2 0.00 8,316,000.00 1.000000 0.00
B-3 0.00 7,623,000.00 1.000000 0.00
B-4 0.00 6,930,000.00 1.000000 0.00
B-5 0.00 6,930,000.00 1.000000 0.00
P 0.00 100.00 1.000000 0.00
C-E 0.00 24,601,098.27 0.999980 0.00
R-1 0.00 0.00 0.000000 0.00
Totals 8,968,722.87 672,313,960.56 0.970166 8,968,722.87
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 181,194,000.00 976.002421 0.000000 28.828824 0.000000
A1-B1 122,154,000.00 974.692396 0.000000 9.784588 0.000000
A1-B2 30,539,000.00 974.692396 0.000000 9.784588 0.000000
A-2A 99,708,000.00 964.967669 0.000000 22.576672 0.000000
A-2B 43,378,000.00 1000.000000 0.000000 0.000000 0.000000
A-2C 24,668,000.00 1000.000000 0.000000 0.000000 0.000000
A-2D 18,793,000.00 1000.000000 0.000000 0.000000 0.000000
M-1 27,373,000.00 1000.000000 0.000000 0.000000 0.000000
M-2 25,294,000.00 1000.000000 0.000000 0.000000 0.000000
M-3 17,671,000.00 1000.000000 0.000000 0.000000 0.000000
M-4 13,167,000.00 1000.000000 0.000000 0.000000 0.000000
M-5 12,474,000.00 1000.000000 0.000000 0.000000 0.000000
M-6 10,741,000.00 1000.000000 0.000000 0.000000 0.000000
B-1 11,434,000.00 1000.000000 0.000000 0.000000 0.000000
B-2 8,316,000.00 1000.000000 0.000000 0.000000 0.000000
B-3 7,623,000.00 1000.000000 0.000000 0.000000 0.000000
B-4 6,930,000.00 1000.000000 0.000000 0.000000 0.000000
B-5 6,930,000.00 1000.000000 0.000000 0.000000 0.000000
P 100.00 1000.000000 0.000000 0.000000 0.000000
C-E 24,601,583.59 999.980273 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-1A 0.000000 28.828824 947.173597 0.947174 28.828824
A1-B1 0.000000 9.784588 964.907808 0.964908 9.784588
A1-B2 0.000000 9.784588 964.907808 0.964908 9.784588
A-2A 0.000000 22.576672 942.390997 0.942391 22.576672
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
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
B-3 0.000000 0.000000 1,000.000000 1.000000 0.000000
B-4 0.000000 0.000000 1,000.000000 1.000000 0.000000
B-5 0.000000 0.000000 1,000.000000 1.000000 0.000000
P 0.000000 0.000000 1,000.000000 1.000000 0.000000
C-E 0.000000 0.000000 999.980273 0.999980 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-1A 11/25/05 - 12/26/05 32 4.45375% 176,845,782.76 700,112.80 0.00
A1-B1 11/25/05 - 12/26/05 32 4.46375% 119,062,574.99 472,413.84 0.00
A1-B2 11/25/05 - 12/26/05 32 4.48375% 29,766,131.09 118,634.57 0.00
A-2A 11/25/05 - 12/26/05 32 4.33375% 96,214,996.33 370,641.55 0.00
A-2B 11/25/05 - 12/26/05 32 4.40375% 43,378,000.00 169,800.77 0.00
A-2C 11/25/05 - 12/26/05 32 4.46375% 24,668,000.00 97,877.14 0.00
A-2D 11/25/05 - 12/26/05 32 4.55375% 18,793,000.00 76,069.89 0.00
M-1 11/25/05 - 12/26/05 32 4.63375% 27,373,000.00 112,746.35 0.00
M-2 11/25/05 - 12/26/05 32 4.65375% 25,294,000.00 104,632.85 0.00
M-3 11/25/05 - 12/26/05 32 4.68375% 17,671,000.00 73,570.26 0.00
M-4 11/25/05 - 12/26/05 32 4.80375% 13,167,000.00 56,223.09 0.00
M-5 11/25/05 - 12/26/05 32 4.88375% 12,474,000.00 54,151.02 0.00
M-6 11/25/05 - 12/26/05 32 4.96375% 10,741,000.00 47,391.68 0.00
B-1 11/25/05 - 12/26/05 32 5.44375% 11,434,000.00 55,327.86 0.00
B-2 11/25/05 - 12/26/05 32 5.54375% 8,316,000.00 40,979.40 0.00
B-3 11/25/05 - 12/26/05 32 5.94375% 7,623,000.00 40,274.85 0.00
B-4 11/25/05 - 12/26/05 32 6.19375% 6,930,000.00 38,153.50 0.00
B-5 11/25/05 - 12/26/05 32 6.19375% 6,930,000.00 38,153.50 0.00
P N/A N/A 0.00000% 100.00 0.00 0.00
C-E N/A N/A 0.00000% 681,282,683.44 0.00 0.00
R-1 N/A N/A 0.00000% 0.00 0.00 0.00
Totals 2,667,154.92 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 0.00 700,112.80 0.00 171,622,172.80
A1-B1 0.00 0.00 472,413.84 0.00 117,867,348.43
A1-B2 0.00 0.00 118,634.57 0.00 29,467,319.56
A-2A 0.00 0.00 370,641.55 0.00 93,963,921.50
A-2B 0.00 0.00 169,800.77 0.00 43,378,000.00
A-2C 0.00 0.00 97,877.14 0.00 24,668,000.00
A-2D 0.00 0.00 76,069.89 0.00 18,793,000.00
M-1 0.00 0.00 112,746.35 0.00 27,373,000.00
M-2 0.00 0.00 104,632.85 0.00 25,294,000.00
M-3 0.00 0.00 73,570.26 0.00 17,671,000.00
M-4 0.00 0.00 56,223.09 0.00 13,167,000.00
M-5 0.00 0.00 54,151.02 0.00 12,474,000.00
M-6 0.00 0.00 47,391.68 0.00 10,741,000.00
B-1 0.00 0.00 55,327.86 0.00 11,434,000.00
B-2 0.00 0.00 40,979.40 0.00 8,316,000.00
B-3 0.00 0.00 40,274.85 0.00 7,623,000.00
B-4 0.00 0.00 38,153.50 0.00 6,930,000.00
B-5 0.00 0.00 38,153.50 0.00 6,930,000.00
P 0.00 0.00 96,842.50 0.00 100.00
C-E 0.00 0.00 648,130.55 0.00 672,313,960.57
R-1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,412,127.97 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 - 12/26/05 181,194,000.00 4.45375% 976.002421 3.863885 0.000000
A1-B1 11/25/05 - 12/26/05 122,154,000.00 4.46375% 974.692396 3.867363 0.000000
A1-B2 11/25/05 - 12/26/05 30,539,000.00 4.48375% 974.692396 3.884691 0.000000
A-2A 11/25/05 - 12/26/05 99,708,000.00 4.33375% 964.967669 3.717270 0.000000
A-2B 11/25/05 - 12/26/05 43,378,000.00 4.40375% 1000.000000 3.914444 0.000000
A-2C 11/25/05 - 12/26/05 24,668,000.00 4.46375% 1000.000000 3.967778 0.000000
A-2D 11/25/05 - 12/26/05 18,793,000.00 4.55375% 1000.000000 4.047778 0.000000
M-1 11/25/05 - 12/26/05 27,373,000.00 4.63375% 1000.000000 4.118889 0.000000
M-2 11/25/05 - 12/26/05 25,294,000.00 4.65375% 1000.000000 4.136667 0.000000
M-3 11/25/05 - 12/26/05 17,671,000.00 4.68375% 1000.000000 4.163333 0.000000
M-4 11/25/05 - 12/26/05 13,167,000.00 4.80375% 1000.000000 4.270000 0.000000
M-5 11/25/05 - 12/26/05 12,474,000.00 4.88375% 1000.000000 4.341111 0.000000
M-6 11/25/05 - 12/26/05 10,741,000.00 4.96375% 1000.000000 4.412222 0.000000
B-1 11/25/05 - 12/26/05 11,434,000.00 5.44375% 1000.000000 4.838889 0.000000
B-2 11/25/05 - 12/26/05 8,316,000.00 5.54375% 1000.000000 4.927778 0.000000
B-3 11/25/05 - 12/26/05 7,623,000.00 5.94375% 1000.000000 5.283333 0.000000
B-4 11/25/05 - 12/26/05 6,930,000.00 6.19375% 1000.000000 5.505556 0.000000
B-5 11/25/05 - 12/26/05 6,930,000.00 6.19375% 1000.000000 5.505556 0.000000
P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000
C-E N/A 24,601,583.59 0.00000% 27692.635352 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-1A 0.000000 0.000000 3.863885 0.000000 947.173597
A1-B1 0.000000 0.000000 3.867363 0.000000 964.907808
A1-B2 0.000000 0.000000 3.884691 0.000000 964.907808
A-2A 0.000000 0.000000 3.717270 0.000000 942.390997
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 4.047778 0.000000 1000.000000
M-1 0.000000 0.000000 4.118889 0.000000 1000.000000
M-2 0.000000 0.000000 4.136667 0.000000 1000.000000
M-3 0.000000 0.000000 4.163333 0.000000 1000.000000
M-4 0.000000 0.000000 4.270000 0.000000 1000.000000
M-5 0.000000 0.000000 4.341111 0.000000 1000.000000
M-6 0.000000 0.000000 4.412222 0.000000 1000.000000
B-1 0.000000 0.000000 4.838889 0.000000 1000.000000
B-2 0.000000 0.000000 4.927778 0.000000 1000.000000
B-3 0.000000 0.000000 5.283333 0.000000 1000.000000
B-4 0.000000 0.000000 5.505556 0.000000 1000.000000
B-5 0.000000 0.000000 5.505556 0.000000 1000.000000
P 0.000000 0.000000 968425.000000 0.000000 1000.000000
C-E 0.000000 0.000000 26.345074 0.000000 27328.076589
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 12,208,659.83
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 431,580.97
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 96,842.50
Swap/Cap Payments 0.00
Total Deposits 12,737,083.30
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 72,364.68
Total Administration Fees 283,867.78
Payment of Interest and Principal 12,380,850.84
Total Withdrawals (Pool Distribution Amount) 12,737,083.30
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* 283,867.78
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 283,867.78
<FN>
*Servicer Payees include: LITTON LOAN SERVICING
</FN>
Reserve Accounts
Account Name Beginning Current Withdrawals Current Deposits Ending Balance
Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 1,000.00 1,000.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.732200%
Weighted Average Net Coupon 6.232200%
Weighted Average Pass-Through Rate 6.232200%
Weighted Average Remaining Term 356
Beginning Scheduled Collateral Loan Count 2,567
Number Of Loans Paid In Full 32
Ending Scheduled Collateral Loan Count 2,535
Beginning Scheduled Collateral Balance 681,282,683.44
Ending Scheduled Collateral Balance 672,313,960.57
Ending Actual Collateral Balance at 30-Nov-2005 672,313,692.33
Monthly P&I Constant 3,822,109.66
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 96,842.50
Prepayment Penalty Paid Count 12
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 0.00
Unscheduled Principal 8,968,722.87
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 24,601,098.27
Overcollateralized Amount 24,601,098.27
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Credit Enhancement Percentage: 25.665717%
Supplemental Interest Trust-Royal Bank of Scotland-11/05 $172,865.64
Supplemental Interest Trust-Royal Bank of Scotland-Current $50,090.07
Group Level Collateral Statement
<s> <c> <c>
Group GR 1- Sub GR1 GR 1-Sub GR2 GR 2
Collateral Description Mixed Fixed Mixed ARM Mixed ARM
Weighted Average Coupon Rate 6.592189 6.739270 6.841413
Weighted Average Net Rate 6.092189 6.239271 6.341413
Weighted Average Remaining Term 356 356 356
Beginning Loan Count 87 1,092 825
Loans Paid In Full 2 19 6
Ending Loan Count 85 1,073 819
Beginning Scheduled Balance 20,166,321.97 216,755,987.86 199,454,924.48
Ending Scheduled Balance 19,499,736.52 212,198,963.35 197,960,886.40
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 110,783.50 1,217,314.36 1,137,127.86
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 666,585.45 4,557,024.51 1,494,038.08
Scheduled Interest 110,783.50 1,217,314.36 1,137,127.86
Servicing Fee 8,402.63 90,314.99 83,106.22
Master Servicing Fee 0.00 0.00 0.00
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 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 102,380.87 1,126,999.37 1,054,021.64
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 6.092189 6.239270 6.341413
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group GR 3 -Sub GR1 GR 3 -Sub GR2 Total
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.524512 6.657647 6.732200
Weighted Average Net Rate 6.024512 6.157647 6.232200
Weighted Average Remaining Term 356 356 356
Beginning Loan Count 48 515 2,567
Loans Paid In Full 0 5 32
Ending Loan Count 48 510 2,535
Beginning Scheduled Balance 16,775,126.14 228,130,322.99 681,282,683.44
Ending scheduled Balance 16,775,036.05 225,879,338.25 672,313,960.57
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 91,207.93 1,265,676.01 3,822,109.66
Scheduled Principal 0.00 0.00 0.00
Unscheduled Principal 90.09 2,250,984.74 8,968,722.87
Scheduled Interest 91,207.93 1,265,676.01 3,822,109.66
Servicing Fee 6,989.64 95,054.30 283,867.78
Master Servicing Fee 0.00 0.00 0.00
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 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 84,218.29 1,170,621.71 3,538,241.88
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 96842.50
Prepayment Penalty Paid Count Not Available Not Available 12
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.024512 6.157647 6.232200
<FN>
</FN>
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 49 0 0 0 49
14,772,471.28 0.00 0.00 0.00 14,772,471.28
60 Days 21 0 0 0 21
5,449,435.15 0.00 0.00 0.00 5,449,435.15
90 Days 5 0 0 0 5
1,981,650.00 0.00 0.00 0.00 1,981,650.00
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 75 0 0 0 75
22,203,556.43 0.00 0.00 0.00 22,203,556.43
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 1.932939% 0.000000% 0.000000% 0.000000% 1.932939%
2.197259% 0.000000% 0.000000% 0.000000% 2.197259%
60 Days 0.828402% 0.000000% 0.000000% 0.000000% 0.828402%
0.810549% 0.000000% 0.000000% 0.000000% 0.810549%
90 Days 0.197239% 0.000000% 0.000000% 0.000000% 0.197239%
0.294751% 0.000000% 0.000000% 0.000000% 0.294751%
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 2.958580% 0.000000% 0.000000% 0.000000% 2.958580%
3.302559% 0.000000% 0.000000% 0.000000% 3.302559%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 431,580.97
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GR 1- Sub GR1
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
300,000.00 0.00 0.00 0.00 300,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
300,000.00 0.00 0.00 0.00 300,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.176471% 0.000000% 0.000000% 0.000000% 1.176471%
1.538482% 0.000000% 0.000000% 0.000000% 1.538482%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.176471% 0.000000% 0.000000% 0.000000% 1.176471%
1.538482% 0.000000% 0.000000% 0.000000% 1.538482%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GR 1-Sub GR2
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 13 0 0 0 13
2,554,184.60 0.00 0.00 0.00 2,554,184.60
60 Days 8 0 0 0 8
1,499,997.85 0.00 0.00 0.00 1,499,997.85
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 21 0 0 0 21
4,054,182.45 0.00 0.00 0.00 4,054,182.45
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.211556% 0.000000% 0.000000% 0.000000% 1.211556%
1.203676% 0.000000% 0.000000% 0.000000% 1.203676%
60 Days 0.745573% 0.000000% 0.000000% 0.000000% 0.745573%
0.706884% 0.000000% 0.000000% 0.000000% 0.706884%
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 1.957130% 0.000000% 0.000000% 0.000000% 1.957130%
1.910560% 0.000000% 0.000000% 0.000000% 1.910560%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
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 19 0 0 0 19
5,024,667.33 0.00 0.00 0.00 5,024,667.33
60 Days 9 0 0 0 9
2,067,831.21 0.00 0.00 0.00 2,067,831.21
90 Days 1 0 0 0 1
325,400.00 0.00 0.00 0.00 325,400.00
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 29 0 0 0 29
7,417,898.54 0.00 0.00 0.00 7,417,898.54
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.319902% 0.000000% 0.000000% 0.000000% 2.319902%
2.538212% 0.000000% 0.000000% 0.000000% 2.538212%
60 Days 1.098901% 0.000000% 0.000000% 0.000000% 1.098901%
1.044566% 0.000000% 0.000000% 0.000000% 1.044566%
90 Days 0.122100% 0.000000% 0.000000% 0.000000% 0.122100%
0.164376% 0.000000% 0.000000% 0.000000% 0.164376%
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 3.540904% 0.000000% 0.000000% 0.000000% 3.540904%
3.747154% 0.000000% 0.000000% 0.000000% 3.747154%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GR 3 -Sub GR1
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GR 3 -Sub GR2
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 16 0 0 0 16
6,893,619.35 0.00 0.00 0.00 6,893,619.35
60 Days 4 0 0 0 4
1,881,606.09 0.00 0.00 0.00 1,881,606.09
90 Days 4 0 0 0 4
1,656,250.00 0.00 0.00 0.00 1,656,250.00
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 24 0 0 0 24
10,431,475.44 0.00 0.00 0.00 10,431,475.44
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 3.137255% 0.000000% 0.000000% 0.000000% 3.137255%
3.051903% 0.000000% 0.000000% 0.000000% 3.051903%
60 Days 0.784314% 0.000000% 0.000000% 0.000000% 0.784314%
0.833014% 0.000000% 0.000000% 0.000000% 0.833014%
90 Days 0.784314% 0.000000% 0.000000% 0.000000% 0.784314%
0.733245% 0.000000% 0.000000% 0.000000% 0.733245%
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 4.705882% 0.000000% 0.000000% 0.000000% 4.705882%
4.618163% 0.000000% 0.000000% 0.000000% 4.618163%
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 GR1 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 GR2 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 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 3 -Sub GR1 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 3 -Sub GR2 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 GR1 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 GR2 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 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 3 -Sub GR1 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 3 -Sub GR2 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 GR1 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 GR2 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 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 3 -Sub GR1 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 3 -Sub GR2 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 GR1 0 0.00 0.00 0.000%
GR 1-Sub GR2 0 0.00 0.00 0.000%
GR 2 0 0.00 0.00 0.000%
GR 3 -Sub GR1 0 0.00 0.00 0.000%
GR 3 -Sub GR2 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 GR1
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 GR2
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
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 3 -Sub GR1
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 3 -Sub GR2
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 GR1 2 666,000.00 666,000.00 0 0.00 0.00
GR 1-Sub GR2 19 4,601,200.00 4,601,149.26 0 0.00 0.00
GR 2 6 1,496,167.00 1,496,076.15 0 0.00 0.00
GR 3 -Sub GR1 0 0.00 0.00 0 0.00 0.00
GR 3 -Sub GR2 5 2,247,000.00 2,246,993.25 0 0.00 0.00
Total 32 9,010,367.00 9,010,218.66 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 GR1 0 0.00 0.00 0 0.00 0.00 585.45
GR 1-Sub GR2 0 0.00 0.00 0 0.00 0.00 (44,124.75)
GR 2 0 0.00 0.00 0 0.00 0.00 (2,038.07)
GR 3 -Sub GR1 0 0.00 0.00 0 0.00 0.00 90.09
GR 3 -Sub GR2 0 0.00 0.00 0 0.00 0.00 3,991.49
Total 0 0.00 0.00 0 0.00 0.00 (41,495.79)
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 GR1 0110867594 IL 74.42 01-Aug-2005 387,000.00 387,000.00
GR 1- Sub GR1 0110867803 IL 90.00 01-Aug-2005 279,000.00 279,000.00
GR 1-Sub GR2 0110866865 MD 85.00 01-May-2005 216,750.00 216,750.00
GR 1-Sub GR2 0110867018 CA 79.82 01-Jul-2005 227,500.00 227,500.00
GR 1-Sub GR2 0110867040 CO 95.00 01-Jun-2005 275,500.00 275,500.00
GR 1-Sub GR2 0110867212 NJ 90.00 01-Aug-2005 225,000.00 225,000.00
GR 1-Sub GR2 0110867368 IL 85.00 01-Aug-2005 114,750.00 114,750.00
GR 1-Sub GR2 0110867497 AZ 80.00 01-Aug-2005 198,800.00 198,800.00
GR 1-Sub GR2 0110867663 CA 84.62 01-Aug-2005 330,000.00 330,000.00
GR 1-Sub GR2 0110867779 CA 71.35 01-Aug-2005 127,000.00 126,949.75
GR 1-Sub GR2 0110867895 HI 90.00 01-May-2005 423,900.00 423,899.80
GR 1-Sub GR2 0110868227 IL 95.00 01-Aug-2005 356,250.00 356,250.00
GR 1-Sub GR2 0110868445 MO 95.00 01-Aug-2005 133,950.00 133,950.00
GR 1-Sub GR2 0110868814 CA 80.00 01-Aug-2005 288,000.00 288,000.00
GR 1-Sub GR2 0110868837 IL 80.00 01-Aug-2005 148,800.00 148,800.00
GR 1-Sub GR2 0110868880 NJ 75.41 01-Aug-2005 230,000.00 230,000.00
GR 1-Sub GR2 0110868936 CA 74.58 01-Aug-2005 220,000.00 220,000.00
GR 1-Sub GR2 0110869138 MD 80.00 01-Aug-2005 268,000.00 268,000.00
GR 1-Sub GR2 0110869382 NJ 63.38 01-Aug-2005 225,000.00 225,000.00
GR 1-Sub GR2 0110869401 AZ 90.00 01-Aug-2005 279,000.00 279,000.00
GR 1-Sub GR2 0110869550 CA 73.65 01-Aug-2005 313,000.00 312,999.71
GR 2 0110867087 IL 80.00 01-Aug-2005 286,616.00 286,525.24
GR 2 0110867517 AZ 80.00 01-Aug-2005 164,000.00 164,000.00
GR 2 0110867716 FL 95.00 01-Aug-2005 207,100.00 207,099.91
GR 2 0110867950 FL 80.00 01-Aug-2005 319,349.00 319,349.00
GR 2 0110868064 CA 80.00 01-Jul-2005 358,400.00 358,400.00
GR 2 0110869039 FL 95.00 01-Aug-2005 160,702.00 160,702.00
GR 3 -Sub GR2 0110867458 CA 80.00 01-Aug-2005 436,000.00 436,000.00
GR 3 -Sub GR2 0110867858 CA 80.00 01-Aug-2005 400,000.00 400,000.00
GR 3 -Sub GR2 0110868146 IL 80.00 01-Jul-2005 428,000.00 428,000.00
GR 3 -Sub GR2 0110869171 CA 95.00 01-May-2005 551,000.00 550,993.25
GR 3 -Sub GR2 0110869454 CA 90.00 01-Aug-2005 432,000.00 432,000.00
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 GR1 0110867594 Loan Paid in Full 0 8.350% 360 4
GR 1- Sub GR1 0110867803 Loan Paid in Full 0 6.550% 360 4
GR 1-Sub GR2 0110866865 Loan Paid in Full 0 7.400% 360 7
GR 1-Sub GR2 0110867018 Loan Paid in Full 0 6.300% 360 5
GR 1-Sub GR2 0110867040 Loan Paid in Full 0 6.875% 360 6
GR 1-Sub GR2 0110867212 Loan Paid in Full 0 6.400% 360 4
GR 1-Sub GR2 0110867368 Loan Paid in Full 0 7.200% 360 4
GR 1-Sub GR2 0110867497 Loan Paid in Full 0 8.150% 360 4
GR 1-Sub GR2 0110867663 Loan Paid in Full 0 6.850% 360 4
GR 1-Sub GR2 0110867779 Loan Paid in Full 0 7.087% 360 4
GR 1-Sub GR2 0110867895 Loan Paid in Full 1 6.250% 360 7
GR 1-Sub GR2 0110868227 Loan Paid in Full 0 6.850% 360 4
GR 1-Sub GR2 0110868445 Loan Paid in Full 0 8.250% 360 4
GR 1-Sub GR2 0110868814 Loan Paid in Full 0 9.000% 360 4
GR 1-Sub GR2 0110868837 Loan Paid in Full 0 6.850% 360 4
GR 1-Sub GR2 0110868880 Loan Paid in Full 0 6.100% 360 4
GR 1-Sub GR2 0110868936 Loan Paid in Full 0 6.000% 360 4
GR 1-Sub GR2 0110869138 Loan Paid in Full 0 7.550% 360 4
GR 1-Sub GR2 0110869382 Loan Paid in Full 0 6.375% 360 4
GR 1-Sub GR2 0110869401 Loan Paid in Full 0 8.350% 360 4
GR 1-Sub GR2 0110869550 Loan Paid in Full 0 5.650% 360 4
GR 2 0110867087 Loan Paid in Full 0 6.300% 360 4
GR 2 0110867517 Loan Paid in Full 0 7.700% 360 4
GR 2 0110867716 Loan Paid in Full 0 8.575% 360 4
GR 2 0110867950 Loan Paid in Full 0 7.150% 360 4
GR 2 0110868064 Loan Paid in Full 0 7.400% 360 5
GR 2 0110869039 Loan Paid in Full 0 8.350% 360 4
GR 3 -Sub GR2 0110867458 Loan Paid in Full 0 6.800% 360 4
GR 3 -Sub GR2 0110867858 Loan Paid in Full 0 6.550% 360 4
GR 3 -Sub GR2 0110868146 Loan Paid in Full 0 7.750% 360 5
GR 3 -Sub GR2 0110869171 Loan Paid in Full 0 6.500% 360 7
GR 3 -Sub GR2 0110869454 Loan Paid in Full 0 8.950% 360 4
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.316% Current Month 14.702% Current Month 1,772.741%
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 18.489% N/A Nov-2005 2,932.597% N/A
Dec-2005 14.702% N/A Dec-2005 1,772.741% 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 GR1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.305% Current Month 33.193% Current Month 3,996.813%
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 9.649% N/A Nov-2005 1,532.850% N/A
Dec-2005 33.193% N/A Dec-2005 3,996.813% 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 GR2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.102% Current Month 22.506% Current Month 2,729.951%
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 20.472% N/A Nov-2005 3,268.102% N/A
Dec-2005 22.506% N/A Dec-2005 2,729.951% 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
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.749% Current Month 8.627% Current Month 1,040.681%
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 20.569% N/A Nov-2005 3,269.202% N/A
Dec-2005 8.627% N/A Dec-2005 1,040.681% 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 3 -Sub GR1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.001% Current Month 0.006% Current Month 0.789%
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 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.006% N/A Dec-2005 0.789% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
GR 3 -Sub GR2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 0.987% Current Month 11.219% Current Month 1,343.333%
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 16.669% N/A Nov-2005 2,618.434% N/A
Dec-2005 11.219% N/A Dec-2005 1,343.333% 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>