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-RM1
(Exact name of registrant as specified in its charter)
New York (governing law of 333-119047-06
Pooling and Servicing Agreement) (Commission 54-2168042
(State or other File Number) 54-2168043
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
On December 27, 2005 a distribution was made to holders of ACE SECURITIES CORP
. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series
2005-RM1 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-RM1 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-RM1 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-RM1 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-RM1
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 004421LF8 4.43375% 196,585,892.63 774,766.85
A-1B 004421LG6 4.49375% 49,146,796.75 196,314.15
A-2A 004421LH4 4.32375% 30,717,649.82 118,058.17
A-2B 004421LJ0 4.46375% 21,497,000.00 85,295.32
A-2C 004421LK7 4.56375% 16,147,000.00 65,503.00
M-1 004421LL5 4.65375% 25,094,000.00 103,805.51
M-2 004421LM3 4.69375% 20,703,000.00 86,377.52
M-3 004421LN1 4.72375% 12,547,000.00 52,683.46
M-4 004421LP6 4.87375% 11,606,000.00 50,279.77
M-5 004421LQ4 4.92375% 10,038,000.00 43,932.98
M-6 004421LR2 4.99375% 10,038,000.00 44,557.57
M-7 004421LS0 5.54375% 9,097,000.00 44,827.99
M-8 004421LT8 5.59375% 6,901,000.00 34,313.31
M-9 004421LU5 6.19375% 6,274,000.00 34,541.86
B-1 004421LV3 7.44375% 6,274,000.00 41,512.97
B-2 004421LW1 7.44375% 9,724,000.00 64,340.47
B-3 004421LX9 7.44375% 6,901,000.00 45,661.62
P ACE05RM1P 0.00000% 100.00 396,123.08
CE AC05RM1CE 0.00000% 7,214,571.97 657,713.44
R ACE05RM1R 0.00000% 0.00 0.00
Totals 456,506,011.17 2,940,609.04
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 14,037,872.84 0.00 182,548,019.79 14,812,639.69 0.00
A-1B 3,509,491.32 0.00 45,637,305.43 3,705,805.47 0.00
A-2A 6,456,827.27 0.00 24,260,822.55 6,574,885.44 0.00
A-2B 0.00 0.00 21,497,000.00 85,295.32 0.00
A-2C 0.00 0.00 16,147,000.00 65,503.00 0.00
M-1 0.00 0.00 25,094,000.00 103,805.51 0.00
M-2 0.00 0.00 20,703,000.00 86,377.52 0.00
M-3 0.00 0.00 12,547,000.00 52,683.46 0.00
M-4 0.00 0.00 11,606,000.00 50,279.77 0.00
M-5 0.00 0.00 10,038,000.00 43,932.98 0.00
M-6 0.00 0.00 10,038,000.00 44,557.57 0.00
M-7 0.00 0.00 9,097,000.00 44,827.99 0.00
M-8 0.00 0.00 6,901,000.00 34,313.31 0.00
M-9 0.00 0.00 6,274,000.00 34,541.86 0.00
B-1 0.00 0.00 6,274,000.00 41,512.97 0.00
B-2 0.00 0.00 9,724,000.00 64,340.47 0.00
B-3 0.00 0.00 6,901,000.00 45,661.62 0.00
P 0.00 0.00 100.00 396,123.08 0.00
CE 0.00 0.00 7,214,571.97 657,713.44 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 24,004,191.43 0.00 432,501,819.74 26,944,800.47 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 303,754,000.00 196,585,892.63 0.00 14,037,872.84 0.00 0.00
A-1B 75,939,000.00 49,146,796.75 0.00 3,509,491.32 0.00 0.00
A-2A 67,608,000.00 30,717,649.82 0.00 6,456,827.27 0.00 0.00
A-2B 21,497,000.00 21,497,000.00 0.00 0.00 0.00 0.00
A-2C 16,147,000.00 16,147,000.00 0.00 0.00 0.00 0.00
M-1 25,094,000.00 25,094,000.00 0.00 0.00 0.00 0.00
M-2 20,703,000.00 20,703,000.00 0.00 0.00 0.00 0.00
M-3 12,547,000.00 12,547,000.00 0.00 0.00 0.00 0.00
M-4 11,606,000.00 11,606,000.00 0.00 0.00 0.00 0.00
M-5 10,038,000.00 10,038,000.00 0.00 0.00 0.00 0.00
M-6 10,038,000.00 10,038,000.00 0.00 0.00 0.00 0.00
M-7 9,097,000.00 9,097,000.00 0.00 0.00 0.00 0.00
M-8 6,901,000.00 6,901,000.00 0.00 0.00 0.00 0.00
M-9 6,274,000.00 6,274,000.00 0.00 0.00 0.00 0.00
B-1 6,274,000.00 6,274,000.00 0.00 0.00 0.00 0.00
B-2 9,724,000.00 9,724,000.00 0.00 0.00 0.00 0.00
B-3 6,901,000.00 6,901,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 7,211,984.00 7,214,571.97 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 627,354,084.00 456,506,011.17 0.00 24,004,191.43 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 14,037,872.84 182,548,019.79 0.600973 14,037,872.84
A-1B 3,509,491.32 45,637,305.43 0.600973 3,509,491.32
A-2A 6,456,827.27 24,260,822.55 0.358845 6,456,827.27
A-2B 0.00 21,497,000.00 1.000000 0.00
A-2C 0.00 16,147,000.00 1.000000 0.00
M-1 0.00 25,094,000.00 1.000000 0.00
M-2 0.00 20,703,000.00 1.000000 0.00
M-3 0.00 12,547,000.00 1.000000 0.00
M-4 0.00 11,606,000.00 1.000000 0.00
M-5 0.00 10,038,000.00 1.000000 0.00
M-6 0.00 10,038,000.00 1.000000 0.00
M-7 0.00 9,097,000.00 1.000000 0.00
M-8 0.00 6,901,000.00 1.000000 0.00
M-9 0.00 6,274,000.00 1.000000 0.00
B-1 0.00 6,274,000.00 1.000000 0.00
B-2 0.00 9,724,000.00 1.000000 0.00
B-3 0.00 6,901,000.00 1.000000 0.00
P 0.00 100.00 1.000000 0.00
CE 0.00 7,214,571.97 1.000359 0.00
R 0.00 0.00 0.000000 0.00
Totals 24,004,191.43 432,501,819.74 0.689406 24,004,191.43
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 303,754,000.00 647.187832 0.000000 46.214611 0.000000
A-1B 75,939,000.00 647.187832 0.000000 46.214611 0.000000
A-2A 67,608,000.00 454.349335 0.000000 95.503894 0.000000
A-2B 21,497,000.00 1000.000000 0.000000 0.000000 0.000000
A-2C 16,147,000.00 1000.000000 0.000000 0.000000 0.000000
M-1 25,094,000.00 1000.000000 0.000000 0.000000 0.000000
M-2 20,703,000.00 1000.000000 0.000000 0.000000 0.000000
M-3 12,547,000.00 1000.000000 0.000000 0.000000 0.000000
M-4 11,606,000.00 1000.000000 0.000000 0.000000 0.000000
M-5 10,038,000.00 1000.000000 0.000000 0.000000 0.000000
M-6 10,038,000.00 1000.000000 0.000000 0.000000 0.000000
M-7 9,097,000.00 1000.000000 0.000000 0.000000 0.000000
M-8 6,901,000.00 1000.000000 0.000000 0.000000 0.000000
M-9 6,274,000.00 1000.000000 0.000000 0.000000 0.000000
B-1 6,274,000.00 1000.000000 0.000000 0.000000 0.000000
B-2 9,724,000.00 1000.000000 0.000000 0.000000 0.000000
B-3 6,901,000.00 1000.000000 0.000000 0.000000 0.000000
P 100.00 1000.000000 0.000000 0.000000 0.000000
CE 7,211,984.00 1000.358843 0.000000 0.000000 0.000000
R 0.00 0.000000 0.000000 0.000000 0.000000
Principal Distribution Factors Statement (continued)
Class Realized Total Ending Ending Total
Loss Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1A 0.000000 46.214611 600.973221 0.600973 46.214611
A-1B 0.000000 46.214611 600.973221 0.600973 46.214611
A-2A 0.000000 95.503894 358.845441 0.358845 95.503894
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
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
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
P 0.000000 0.000000 1,000.000000 1.000000 0.000000
CE 0.000000 0.000000 1,000.358843 1.000359 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000
<FN>
All Classes are per $1,000 denomination
</FN>
Interest Distribution Statement
Class Accrual Accrual Current Beginning Current Payment of
Dates Days Certificate Certificate/ Accrued Unpaid Interest
Rate Notional Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1A 11/25/05 - 12/26/05 32 4.43375% 196,585,892.63 774,766.85 0.00
A-1B 11/25/05 - 12/26/05 32 4.49375% 49,146,796.75 196,314.15 0.00
A-2A 11/25/05 - 12/26/05 32 4.32375% 30,717,649.82 118,058.17 0.00
A-2B 11/25/05 - 12/26/05 32 4.46375% 21,497,000.00 85,295.32 0.00
A-2C 11/25/05 - 12/26/05 32 4.56375% 16,147,000.00 65,503.00 0.00
M-1 11/25/05 - 12/26/05 32 4.65375% 25,094,000.00 103,805.51 0.00
M-2 11/25/05 - 12/26/05 32 4.69375% 20,703,000.00 86,377.52 0.00
M-3 11/25/05 - 12/26/05 32 4.72375% 12,547,000.00 52,683.46 0.00
M-4 11/25/05 - 12/26/05 32 4.87375% 11,606,000.00 50,279.77 0.00
M-5 11/25/05 - 12/26/05 32 4.92375% 10,038,000.00 43,932.98 0.00
M-6 11/25/05 - 12/26/05 32 4.99375% 10,038,000.00 44,557.57 0.00
M-7 11/25/05 - 12/26/05 32 5.54375% 9,097,000.00 44,827.99 0.00
M-8 11/25/05 - 12/26/05 32 5.59375% 6,901,000.00 34,313.31 0.00
M-9 11/25/05 - 12/26/05 32 6.19375% 6,274,000.00 34,541.86 0.00
B-1 11/25/05 - 12/26/05 32 7.44375% 6,274,000.00 41,512.97 0.00
B-2 11/25/05 - 12/26/05 32 7.44375% 9,724,000.00 64,340.47 0.00
B-3 11/25/05 - 12/26/05 32 7.44375% 6,901,000.00 45,661.62 0.00
P N/A N/A 0.00000% 100.00 0.00 0.00
CE N/A N/A 0.00000% 7,214,571.97 0.00 0.00
R N/A N/A 0.00000% 0.00 0.00 0.00
Totals 1,886,772.52 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 0.00 774,766.85 0.00 182,548,019.79
A-1B 0.00 0.00 196,314.15 0.00 45,637,305.43
A-2A 0.00 0.00 118,058.17 0.00 24,260,822.55
A-2B 0.00 0.00 85,295.32 0.00 21,497,000.00
A-2C 0.00 0.00 65,503.00 0.00 16,147,000.00
M-1 0.00 0.00 103,805.51 0.00 25,094,000.00
M-2 0.00 0.00 86,377.52 0.00 20,703,000.00
M-3 0.00 0.00 52,683.46 0.00 12,547,000.00
M-4 0.00 0.00 50,279.77 0.00 11,606,000.00
M-5 0.00 0.00 43,932.98 0.00 10,038,000.00
M-6 0.00 0.00 44,557.57 0.00 10,038,000.00
M-7 0.00 0.00 44,827.99 0.00 9,097,000.00
M-8 0.00 0.00 34,313.31 0.00 6,901,000.00
M-9 0.00 0.00 34,541.86 0.00 6,274,000.00
B-1 0.00 0.00 41,512.97 0.00 6,274,000.00
B-2 0.00 0.00 64,340.47 0.00 9,724,000.00
B-3 0.00 0.00 45,661.62 0.00 6,901,000.00
P 0.00 0.00 396,123.08 0.00 100.00
CE 0.00 0.00 657,713.44 0.00 7,214,571.97
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 2,940,609.04 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 - 12/26/05 303,754,000.00 4.43375% 647.187832 2.550639 0.000000
A-1B 11/25/05 - 12/26/05 75,939,000.00 4.49375% 647.187832 2.585156 0.000000
A-2A 11/25/05 - 12/26/05 67,608,000.00 4.32375% 454.349335 1.746216 0.000000
A-2B 11/25/05 - 12/26/05 21,497,000.00 4.46375% 1000.000000 3.967778 0.000000
A-2C 11/25/05 - 12/26/05 16,147,000.00 4.56375% 1000.000000 4.056667 0.000000
M-1 11/25/05 - 12/26/05 25,094,000.00 4.65375% 1000.000000 4.136667 0.000000
M-2 11/25/05 - 12/26/05 20,703,000.00 4.69375% 1000.000000 4.172222 0.000000
M-3 11/25/05 - 12/26/05 12,547,000.00 4.72375% 1000.000000 4.198889 0.000000
M-4 11/25/05 - 12/26/05 11,606,000.00 4.87375% 1000.000000 4.332222 0.000000
M-5 11/25/05 - 12/26/05 10,038,000.00 4.92375% 1000.000000 4.376667 0.000000
M-6 11/25/05 - 12/26/05 10,038,000.00 4.99375% 1000.000000 4.438889 0.000000
M-7 11/25/05 - 12/26/05 9,097,000.00 5.54375% 1000.000000 4.927777 0.000000
M-8 11/25/05 - 12/26/05 6,901,000.00 5.59375% 1000.000000 4.972223 0.000000
M-9 11/25/05 - 12/26/05 6,274,000.00 6.19375% 1000.000000 5.505556 0.000000
B-1 11/25/05 - 12/26/05 6,274,000.00 7.44375% 1000.000000 6.616667 0.000000
B-2 11/25/05 - 12/26/05 9,724,000.00 7.44375% 1000.000000 6.616667 0.000000
B-3 11/25/05 - 12/26/05 6,901,000.00 7.44375% 1000.000000 6.616667 0.000000
P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000
CE N/A 7,211,984.00 0.00000% 1000.358843 0.000000 0.000000
R N/A 0.00 0.00000% 0.000000 0.000000 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.000000 0.000000 2.550639 0.000000 600.973221
A-1B 0.000000 0.000000 2.585156 0.000000 600.973221
A-2A 0.000000 0.000000 1.746216 0.000000 358.845441
A-2B 0.000000 0.000000 3.967778 0.000000 1000.000000
A-2C 0.000000 0.000000 4.056667 0.000000 1000.000000
M-1 0.000000 0.000000 4.136667 0.000000 1000.000000
M-2 0.000000 0.000000 4.172222 0.000000 1000.000000
M-3 0.000000 0.000000 4.198889 0.000000 1000.000000
M-4 0.000000 0.000000 4.332222 0.000000 1000.000000
M-5 0.000000 0.000000 4.376667 0.000000 1000.000000
M-6 0.000000 0.000000 4.438889 0.000000 1000.000000
M-7 0.000000 0.000000 4.927777 0.000000 1000.000000
M-8 0.000000 0.000000 4.972223 0.000000 1000.000000
M-9 0.000000 0.000000 5.505556 0.000000 1000.000000
B-1 0.000000 0.000000 6.616667 0.000000 1000.000000
B-2 0.000000 0.000000 6.616667 0.000000 1000.000000
B-3 0.000000 0.000000 6.616667 0.000000 1000.000000
P 0.000000 0.000000 3961230.800000 0.000000 1000.000000
CE 0.000000 0.000000 91.197296 0.000000 1000.358843
R 0.000000 0.000000 0.000000 0.000000 0.000000
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
All Classes are per $1,000 denomination
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 26,633,990.15
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 228,283.84
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 396,123.08
Swap/Cap Payments 0.00
Total Deposits 27,258,397.07
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 114,826.27
Total Administration Fees 198,770.33
Payment of Interest and Principal 26,944,800.47
Total Withdrawals (Pool Distribution Amount) 27,258,397.07
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* 190,210.84
Credit Risk Manager Fee - The Murrayhill Company 5,706.32
Master Servicing Fee: Wells Fargo Bank 2,853.17
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 198,770.33
<FN>
*Servicer Payees include: SAXON MORTGAGE SERVICES
</FN>
Reserve Accounts
Account Name Beginning Current Withdrawals Current Deposits Ending Balance
Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 23,878.55 23,878.55 1,000.00
Reserve Fund 0.00 396,123.08 396,123.08 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.211772%
Weighted Average Net Coupon 6.711772%
Weighted Average Pass-Through Rate 6.689272%
Weighted Average Remaining Term 331
Beginning Scheduled Collateral Loan Count 2,942
Number Of Loans Paid In Full 131
Ending Scheduled Collateral Loan Count 2,811
Beginning Scheduled Collateral Balance 456,506,011.17
Ending Scheduled Collateral Balance 432,501,819.74
Ending Actual Collateral Balance at 30-Nov-2005 432,652,983.66
Monthly P&I Constant 2,998,652.12
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 396,123.08
Prepayment Penalty Paid Count 71
Realized Loss Amount 0.00
Cumulative Realized Loss (33,590.43)
Scheduled Principal 255,137.63
Unscheduled Principal 23,749,053.80
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 7,214,571.97
Overcollateralized Amount 7,214,571.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.211772%
Weighted Average Net Rate 6.711772%
Weighted Average Pass Through Rate 6.689272%
Weighted Average Remaining Term 331
Record Date 11/30/2005
Principal and Interest Constant 2,998,652.12
Beginning Loan Count 2,942
Loans Paid in Full 131
Ending Loan Count 2,811
Beginning Scheduled Balance 456,506,011.17
Ending Scheduled Balance 432,501,819.74
Ending Actual Balance at 30-Nov-2005 432,652,983.66
Scheduled Principal 255,137.63
Unscheduled Principal 23,749,053.80
Scheduled Interest 2,743,514.49
Servicing Fee 190,210.84
Master Servicing Fee 2,853.17
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 5,706.32
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,544,744.16
Realized Loss Amount 0.00
Cumulative Realized Loss (33,590.43)
Percentage of Cumulative Losses (0.0054)
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 396,123.08
Prepayment Penalty Paid Count 71
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 7,214,571.97
Overcollateralized Amount 7,214,571.97
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Group Level Collateral Statement
<s> <c> <c>
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 6.921372 9.151040 6.675575
Weighted Average Net Rate 6.421372 8.651040 6.175575
Weighted Average Remaining Term 349 229 349
Beginning Loan Count 1,613 970 194
Loans Paid In Full 75 31 13
Ending Loan Count 1,538 939 181
Beginning Scheduled Balance 304,876,357.83 52,364,951.79 83,266,437.35
Ending Scheduled Balance 288,977,636.54 50,716,308.92 77,729,625.40
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 1,929,846.16 436,339.46 500,424.97
Scheduled Principal 171,377.29 37,011.33 37,215.53
Unscheduled Principal 15,727,344.00 1,611,631.54 5,499,596.42
Scheduled Interest 1,758,468.87 399,328.13 463,209.44
Servicing Fee 127,031.82 21,818.73 34,694.35
Master Servicing Fee 1,905.48 327.28 520.42
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 3,810.95 654.56 1,040.83
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,625,720.62 376,527.56 426,953.84
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss (34,902.19) 1,311.76 0.00
Percentage of Cumulative Losses (0.0082) 0.0021 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 6.398872 8.628540 6.153075
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 9.189101 7.211772
Weighted Average Net Rate 8.689101 6.711772
Weighted Average Remaining Term 202 331
Beginning Loan Count 165 2,942
Loans Paid In Full 12 131
Ending Loan Count 153 2,811
Beginning Scheduled Balance 15,998,264.20 456,506,011.17
Ending scheduled Balance 15,078,248.88 432,501,819.74
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 132,041.53 2,998,652.12
Scheduled Principal 9,533.48 255,137.63
Unscheduled Principal 910,481.84 23,749,053.80
Scheduled Interest 122,508.05 2,743,514.49
Servicing Fee 6,665.94 190,210.84
Master Servicing Fee 99.99 2,853.17
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 199.98 5,706.32
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 115,542.14 2,544,744.16
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 (33,590.43)
Percentage of Cumulative Losses 0.0000 (0.0054)
Prepayment Penalty Waived Amount 0.00 0.00
Prepayment Penalty Waived Count 0 0
Prepayment Penalty Paid Amount Not Available 396123.08
Prepayment Penalty Paid Count Not Available 71
Special Servicing Fee 0.00 0.00
Pass-Through Rate 8.666601 6.689272
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Credit Enhancement Percentage: 0.329274%
Overcollateralization Increase Amount: 0.00
Overcollateralization Reduction Amount: 0.00
Overcollateralization Target Amount: 7,214,571.97
Required Overcollateralization Amount: 7,214,571.97
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 37 0 1 0 38
6,086,507.73 0.00 105,599.70 0.00 6,192,107.43
60 Days 20 0 1 0 21
2,588,770.23 0.00 293,866.82 0.00 2,882,637.05
90 Days 7 0 12 0 19
509,670.32 0.00 2,530,955.32 0.00 3,040,625.64
120 Days 8 0 10 0 18
1,034,453.89 0.00 1,890,042.58 0.00 2,924,496.47
150 Days 6 1 4 2 13
279,274.38 283,087.10 487,769.23 294,839.21 1,344,969.92
180+ Days 14 1 2 0 17
1,404,709.43 31,824.89 396,401.10 0.00 1,832,935.42
Totals 92 2 30 2 126
11,903,385.98 314,911.99 5,704,634.75 294,839.21 18,217,771.93
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 1.316258% 0.000000% 0.035575% 0.000000% 1.351832%
1.406787% 0.000000% 0.024407% 0.000000% 1.431195%
60 Days 0.711491% 0.000000% 0.035575% 0.000000% 0.747065%
0.598348% 0.000000% 0.067922% 0.000000% 0.666270%
90 Days 0.249022% 0.000000% 0.426894% 0.000000% 0.675916%
0.117801% 0.000000% 0.584985% 0.000000% 0.702786%
120 Days 0.284596% 0.000000% 0.355745% 0.000000% 0.640342%
0.239096% 0.000000% 0.436850% 0.000000% 0.675945%
150 Days 0.213447% 0.035575% 0.142298% 0.071149% 0.462469%
0.064549% 0.065431% 0.112739% 0.068147% 0.310866%
180+ Days 0.498043% 0.035575% 0.071149% 0.000000% 0.604767%
0.324673% 0.007356% 0.091621% 0.000000% 0.423650%
Totals 3.272857% 0.071149% 1.067236% 0.071149% 4.482391%
2.751255% 0.072786% 1.318524% 0.068147% 4.210712%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 228,283.84
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group 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 21 0 0 0 21
3,996,849.36 0.00 0.00 0.00 3,996,849.36
60 Days 11 0 1 0 12
1,738,598.30 0.00 293,866.82 0.00 2,032,465.12
90 Days 1 0 10 0 11
230,400.00 0.00 2,054,607.75 0.00 2,285,007.75
120 Days 3 0 8 0 11
822,595.49 0.00 1,413,189.94 0.00 2,235,785.43
150 Days 0 1 2 2 5
0.00 283,087.10 350,621.46 294,839.21 928,547.77
180+ Days 0 0 2 0 2
0.00 0.00 396,401.10 0.00 396,401.10
Totals 36 1 23 2 62
6,788,443.15 283,087.10 4,508,687.07 294,839.21 11,875,056.53
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.365410% 0.000000% 0.000000% 0.000000% 1.365410%
1.382611% 0.000000% 0.000000% 0.000000% 1.382611%
60 Days 0.715215% 0.000000% 0.065020% 0.000000% 0.780234%
0.601425% 0.000000% 0.101656% 0.000000% 0.703081%
90 Days 0.065020% 0.000000% 0.650195% 0.000000% 0.715215%
0.079701% 0.000000% 0.710741% 0.000000% 0.790442%
120 Days 0.195059% 0.000000% 0.520156% 0.000000% 0.715215%
0.284557% 0.000000% 0.488858% 0.000000% 0.773415%
150 Days 0.000000% 0.065020% 0.130039% 0.130039% 0.325098%
0.000000% 0.097927% 0.121289% 0.101992% 0.321208%
180+ Days 0.000000% 0.000000% 0.130039% 0.000000% 0.130039%
0.000000% 0.000000% 0.137125% 0.000000% 0.137125%
Totals 2.340702% 0.065020% 1.495449% 0.130039% 4.031209%
2.348294% 0.097927% 1.559669% 0.101992% 4.107883%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group 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 11 0 1 0 12
937,933.20 0.00 105,599.70 0.00 1,043,532.90
60 Days 5 0 0 0 5
222,308.46 0.00 0.00 0.00 222,308.46
90 Days 6 0 1 0 7
279,270.32 0.00 106,645.62 0.00 385,915.94
120 Days 3 0 1 0 4
79,733.28 0.00 52,052.64 0.00 131,785.92
150 Days 6 0 2 0 8
279,274.38 0.00 137,147.77 0.00 416,422.15
180+ Days 12 1 0 0 13
741,412.62 31,824.89 0.00 0.00 773,237.51
Totals 43 1 5 0 49
2,539,932.26 31,824.89 401,445.73 0.00 2,973,202.88
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.171459% 0.000000% 0.106496% 0.000000% 1.277955%
1.848509% 0.000000% 0.208119% 0.000000% 2.056628%
60 Days 0.532481% 0.000000% 0.000000% 0.000000% 0.532481%
0.438133% 0.000000% 0.000000% 0.000000% 0.438133%
90 Days 0.638978% 0.000000% 0.106496% 0.000000% 0.745474%
0.550395% 0.000000% 0.210181% 0.000000% 0.760575%
120 Days 0.319489% 0.000000% 0.106496% 0.000000% 0.425985%
0.157141% 0.000000% 0.102587% 0.000000% 0.259728%
150 Days 0.638978% 0.000000% 0.212993% 0.000000% 0.851970%
0.550403% 0.000000% 0.270295% 0.000000% 0.820698%
180+ Days 1.277955% 0.106496% 0.000000% 0.000000% 1.384452%
1.461200% 0.062722% 0.000000% 0.000000% 1.523921%
Totals 4.579340% 0.106496% 0.532481% 0.000000% 5.218317%
5.005780% 0.062722% 0.791182% 0.000000% 5.859683%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group 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 2 0 0 0 2
901,750.48 0.00 0.00 0.00 901,750.48
60 Days 1 0 0 0 1
370,631.69 0.00 0.00 0.00 370,631.69
90 Days 0 0 1 0 1
0.00 0.00 369,701.95 0.00 369,701.95
120 Days 0 0 1 0 1
0.00 0.00 424,800.00 0.00 424,800.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 1 0 0 0 1
530,486.48 0.00 0.00 0.00 530,486.48
Totals 4 0 2 0 6
1,802,868.65 0.00 794,501.95 0.00 2,597,370.60
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.104972% 0.000000% 0.000000% 0.000000% 1.104972%
1.159802% 0.000000% 0.000000% 0.000000% 1.159802%
60 Days 0.552486% 0.000000% 0.000000% 0.000000% 0.552486%
0.476694% 0.000000% 0.000000% 0.000000% 0.476694%
90 Days 0.000000% 0.000000% 0.552486% 0.000000% 0.552486%
0.000000% 0.000000% 0.475499% 0.000000% 0.475499%
120 Days 0.000000% 0.000000% 0.552486% 0.000000% 0.552486%
0.000000% 0.000000% 0.546364% 0.000000% 0.546364%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.552486% 0.000000% 0.000000% 0.000000% 0.552486%
0.682294% 0.000000% 0.000000% 0.000000% 0.682294%
Totals 2.209945% 0.000000% 1.104972% 0.000000% 3.314917%
2.318791% 0.000000% 1.021863% 0.000000% 3.340654%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
Group 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 3 0 0 0 3
249,974.69 0.00 0.00 0.00 249,974.69
60 Days 3 0 0 0 3
257,231.78 0.00 0.00 0.00 257,231.78
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 2 0 0 0 2
132,125.12 0.00 0.00 0.00 132,125.12
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 1 0 0 0 1
132,810.33 0.00 0.00 0.00 132,810.33
Totals 9 0 0 0 9
772,141.92 0.00 0.00 0.00 772,141.92
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.960784% 0.000000% 0.000000% 0.000000% 1.960784%
1.657340% 0.000000% 0.000000% 0.000000% 1.657340%
60 Days 1.960784% 0.000000% 0.000000% 0.000000% 1.960784%
1.705455% 0.000000% 0.000000% 0.000000% 1.705455%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 1.307190% 0.000000% 0.000000% 0.000000% 1.307190%
0.875994% 0.000000% 0.000000% 0.000000% 0.875994%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.653595% 0.000000% 0.000000% 0.000000% 0.653595%
0.880537% 0.000000% 0.000000% 0.000000% 0.880537%
Totals 5.882353% 0.000000% 0.000000% 0.000000% 5.882353%
5.119326% 0.000000% 0.000000% 0.000000% 5.119326%
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c>
Class A1-B 247,661,084.00 39.47708165% 204,316,494.52 47.24060922% 10.551934% 0.000000%
Class R 142,409,084.00 22.69995329% 142,411,671.97 32.92741567% 0.000000% 0.000000%
Class M-1 117,315,084.00 18.69997932% 117,317,671.97 27.12535916% 5.802057% 0.000000%
Class M-2 96,612,084.00 15.39992908% 96,614,671.97 22.33855849% 4.786801% 0.000000%
Class M-3 84,065,084.00 13.39994210% 84,067,671.97 19.43753023% 2.901028% 0.000000%
Class M-4 72,459,084.00 11.54995016% 72,461,671.97 16.75407332% 2.683457% 0.000000%
Class B-1 23,837,084.00 3.79962203% 23,839,671.97 5.51203969% 1.450630% 0.000000%
Class B-2 14,113,084.00 2.24962017% 14,115,671.97 3.26372545% 2.248314% 0.000000%
Class B-3 7,212,084.00 1.14960342% 7,214,671.97 1.66812523% 1.595600% 0.000000%
Class P 7,211,984.00 1.14958748% 7,214,571.97 1.66810211% 0.000023% 0.000000%
Class CE 0.00 0.00000000% 0.00 0.00000000% 1.668102% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.
</FN>
180+ Delinquency Summary
Summary Group 1
Days Number of Aggregate Percentage of Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%) Loans Oustanding Balance(%)
Balance($) Balance($)
<s> <c> <c> <c> <c> <c> <c>
180 - 209 6 1,134,489.90 0.262 1 245,947.73 0.085
210 - 239 11 698,445.52 0.161 1 150,453.37 0.052
Total 17 1,832,935.42 0.423 2 396,401.10 0.137
180+ Delinquency Summary (continued)
Group 3
Group 2
Number of Aggregate Percentage of
Days Number of Aggregate Percentage of Loans Oustanding Balance(%)
Delinquent Loans Outstanding Balance(%) Balance($)
Balance($)
<s> <c> <c> <c> <c> <c> <c>
180 - 209 3 225,245.36 0.444 1 530,486.48 0.682
210 - 239 10 547,992.15 1.080 0 0.00 0.000
Total 13 773,237.51 1.524 1 530,486.48 0.682
180+ Delinquency Summary (continued)
Group 4
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
180 - 209 1 132,810.33 0.881
210 - 239 0 0.00 0.000
Total 1 132,810.33 0.881
<FN>
This report includes all loans greater than 180 days delinquent
regardless of status (REO, Foreclosure, Bankruptcy).
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 2 Jan-05 0.000%
Original Principal Balance 296,000.00 Feb-05 0.000%
Current Principal Balance 294,839.21 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 2 Jun-05 0.000%
Original Principal Balance 296,000.00 Jul-05 0.000%
Current Principal Balance 294,839.21 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.068%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 2 Jan-05 0.000%
Original Principal Balance 296,000.00 Feb-05 0.000%
Current Principal Balance 294,839.21 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 2 Jun-05 0.000%
Original Principal Balance 296,000.00 Jul-05 0.000%
Current Principal Balance 294,839.21 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.102%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 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.
Group 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.
Group 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>
Group 1 1000333077 Dec-2005 01-Jan-2005 TX 80.00 72,000.00
Group 1 1000391857 Dec-2005 01-Feb-2005 TX 80.00 224,000.00
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>
Group 1 1000333077 71,609.68 01-May-2005 5 5.600% 2,123.28
Group 1 1000391857 223,229.53 01-May-2005 5 6.800% 8,181.95
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 13 Jan-05 0.000%
Original Principal Balance 2,760,380.00 Feb-05 0.000%
Current Principal Balance 2,748,964.77 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 30 Jun-05 0.000%
Original Principal Balance 5,725,222.00 Jul-05 0.000%
Current Principal Balance 5,704,634.75 Aug-05 0.000%
Sep-05 0.312%
Oct-05 0.755%
Nov-05 0.740%
Dec-05 1.319%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 1 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 11 Jan-05 0.000%
Original Principal Balance 2,281,420.00 Feb-05 0.000%
Current Principal Balance 2,272,617.20 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 23 Jun-05 0.000%
Original Principal Balance 4,525,132.00 Jul-05 0.000%
Current Principal Balance 4,508,687.07 Aug-05 0.000%
Sep-05 0.308%
Oct-05 0.885%
Nov-05 0.872%
Dec-05 1.560%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 2 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Jan-05 0.000%
Original Principal Balance 107,000.00 Feb-05 0.000%
Current Principal Balance 106,645.62 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 5 Jun-05 0.000%
Original Principal Balance 403,330.00 Jul-05 0.000%
Current Principal Balance 401,445.73 Aug-05 0.000%
Sep-05 0.258%
Oct-05 0.736%
Nov-05 0.563%
Dec-05 0.791%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 3 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 1 Jan-05 0.000%
Original Principal Balance 371,960.00 Feb-05 0.000%
Current Principal Balance 369,701.95 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 2 Jun-05 0.000%
Original Principal Balance 796,760.00 Jul-05 0.000%
Current Principal Balance 794,501.95 Aug-05 0.000%
Sep-05 0.414%
Oct-05 0.428%
Nov-05 0.510%
Dec-05 1.022%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 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>
Group 1 1000273610 Dec-2005 01-Jan-2005 IL 80.00 64,320.00
Group 1 1000301027 Dec-2005 01-Feb-2005 IL 80.00 88,000.00
Group 1 1000306965 Dec-2005 01-Jan-2005 CA 90.00 202,500.00
Group 1 1000308192 Oct-2005 01-Jan-2005 IL 80.00 119,920.00
Group 1 1000308248 Dec-2005 01-Jan-2005 FL 75.00 219,000.00
Group 1 1000311512 Oct-2005 01-Jan-2005 CA 80.00 312,000.00
Group 1 1000324909 Dec-2005 01-Jan-2005 CO 95.00 193,800.00
Group 1 1000325102 Oct-2005 01-Jan-2005 CO 80.00 150,812.00
Group 1 1000327463 Dec-2005 01-Feb-2005 IL 80.00 304,000.00
Group 1 1000330951 Dec-2005 01-Jan-2005 CA 80.00 292,000.00
Group 1 1000335484 Dec-2005 01-Jan-2005 CA 80.00 304,000.00
Group 1 1000336711 Oct-2005 01-Jan-2005 IL 80.00 164,720.00
Group 1 1000337914 Oct-2005 01-Feb-2005 FL 90.00 126,000.00
Group 1 1000345654 Oct-2005 01-Feb-2005 CA 80.00 295,760.00
Group 1 1000347410 Oct-2005 01-Jan-2005 IL 80.00 232,000.00
Group 1 1000360381 Dec-2005 01-Feb-2005 IL 100.00 150,000.00
Group 1 1000366343 Dec-2005 01-Feb-2005 CA 73.44 235,000.00
Group 1 1000372834 Nov-2005 01-Feb-2005 WA 80.00 224,000.00
Group 1 1000374296 Dec-2005 01-Feb-2005 CA 80.00 228,800.00
Group 1 1000374869 Sep-2005 01-Feb-2005 CO 85.00 246,500.00
Group 1 1000392937 Nov-2005 01-Feb-2005 FL 80.00 123,200.00
Group 1 1000407529 Nov-2005 01-Feb-2005 IL 80.00 90,400.00
Group 1 1000410220 Oct-2005 01-Mar-2005 IL 80.00 158,400.00
Group 2 1000267220 Oct-2005 01-Jan-2005 TX 80.00 57,600.00
Group 2 1000279818 Oct-2005 01-Dec-2004 TX 80.00 80,000.00
Group 2 1000302433 Dec-2005 01-Jan-2005 TX 79.26 107,000.00
Group 2 1000307382 Oct-2005 01-Jan-2005 TX 80.00 106,480.00
Group 2 1000322457 Nov-2005 01-Jan-2005 IN 95.00 52,250.00
Group 3 1000310656 Dec-2005 01-Jan-2005 CA 80.00 371,960.00
Group 3 1000364699 Nov-2005 01-Feb-2005 CA 90.00 424,800.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
Group 1 1000273610 64,011.76 01-Jul-2005 3 8.000% 1,997.53
Group 1 1000301027 87,449.24 01-Jul-2005 3 7.400% 2,510.11
Group 1 1000306965 201,238.95 01-Jul-2005 3 7.250% 5,651.23
Group 1 1000308192 119,476.05 01-May-2005 5 7.575% 4,919.56
Group 1 1000308248 218,009.45 01-Jun-2005 4 7.500% 7,615.43
Group 1 1000311512 312,000.00 01-Jun-2005 4 6.000% 8,580.00
Group 1 1000324909 193,800.00 01-Jul-2005 3 6.250% 4,643.15
Group 1 1000325102 150,453.37 01-Mar-2005 7 7.200% 7,535.61
Group 1 1000327463 302,685.09 01-Jul-2005 3 7.725% 9,098.50
Group 1 1000330951 292,000.00 01-Jul-2005 3 6.800% 7,665.00
Group 1 1000335484 302,572.19 01-Jul-2005 3 8.100% 9,568.09
Group 1 1000336711 163,950.03 01-Jun-2005 4 7.400% 5,645.08
Group 1 1000337914 125,556.03 01-Jun-2005 4 7.845% 4,602.71
Group 1 1000345654 293,866.82 01-Aug-2005 2 6.525% 5,893.48
Group 1 1000347410 231,145.41 01-May-2005 5 7.600% 9,551.41
Group 1 1000360381 149,477.99 01-Jul-2005 3 8.800% 5,163.23
Group 1 1000366343 233,824.92 01-Jul-2005 3 6.990% 6,312.15
Group 1 1000372834 223,056.50 01-Jun-2005 4 6.920% 7,144.58
Group 1 1000374296 227,547.61 01-Jul-2005 3 6.850% 6,009.87
Group 1 1000374869 245,947.73 01-Apr-2005 6 7.500% 11,446.75
Group 1 1000392937 122,676.03 01-Jun-2005 4 6.875% 3,901.74
Group 1 1000407529 90,010.19 01-Jun-2005 4 6.800% 2,829.05
Group 1 1000410220 157,931.71 01-Jun-2005 4 8.175% 6,050.39
Group 2 1000267220 57,378.74 01-May-2005 5 10.450% 3,325.90
Group 2 1000279818 79,769.03 01-May-2005 5 9.700% 4,274.47
Group 2 1000302433 106,645.62 01-Jul-2005 3 9.800% 4,128.43
Group 2 1000307382 105,599.70 01-Sep-2005 1 6.530% 1,590.39
Group 2 1000322457 52,052.64 01-Jun-2005 4 8.425% 2,059.23
Group 3 1000310656 369,701.95 01-Jul-2005 3 6.800% 9,687.26
Group 3 1000364699 424,800.00 01-Jun-2005 4 7.250% 14,337.00
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
Summary 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 0 Jan-05 0.000%
Original Principal Balance 0.00 Feb-05 0.000%
Current Principal Balance 0.00 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 2 Jun-05 0.005%
Original Principal Balance 316,200.00 Jul-05 0.005%
Current Principal Balance 314,911.99 Aug-05 0.006%
Sep-05 0.063%
Oct-05 0.059%
Nov-05 0.069%
Dec-05 0.073%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 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 1 Jun-05 0.000%
Original Principal Balance 284,000.00 Jul-05 0.000%
Current Principal Balance 283,087.10 Aug-05 0.000%
Sep-05 0.085%
Oct-05 0.088%
Nov-05 0.093%
Dec-05 0.098%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 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 1 Jun-05 0.050%
Original Principal Balance 32,200.00 Jul-05 0.051%
Current Principal Balance 31,824.89 Aug-05 0.052%
Sep-05 0.054%
Oct-05 0.000%
Nov-05 0.061%
Dec-05 0.063%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Group 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.
Group 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>
Group 1 1000311635 Sep-2005 01-Jan-2005 CA 80.00 284,000.00
Group 2 1000256880 Nov-2005 01-Nov-2004 UT 100.00 32,200.00
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)
Group Loan Current Paid To Months Current Approximate
Number Principal Date Delinquent Loan Rate Delinquent
Balance Interest
<s> <c> <c> <c> <c> <c> <c>
Group 1 1000311635 283,087.10 01-May-2005 5 8.280% 12,821.77
Group 2 1000256880 31,824.89 01-Mar-2005 7 10.570% 2,379.81
Realized Loss Detail Report - Loans with Losses during Current Period
Summary
# Loans Prior Realized Current
with Principal Loss/(Gain) Loss
Group Losses Balance Amount Percentage
<s> <c> <c> <c> <c>
Group 1 0 0.00 0.00 0.000%
Group 2 0 0.00 0.00 0.000%
Group 3 0 0.00 0.00 0.000%
Group 4 0 0.00 0.00 0.000%
Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period
Original Current
Loan Principal Note LTV at Original
Group Number Balance Rate State Origination Term
<s> <c> <c> <c> <c> <c> <c>
No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)
Prior Cumulative
Loan Principal Realized Realized
Group Number Balance Loss/(Gain) Loss/(Gain)
<s> <c> <c> <c> <c>
No losses this period.
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
Group 1
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
Group 2
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
Group 3
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
Group 4
MDR SDA
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
CDR Loss Severity Approximation
<s> <c> <s> <c>
Current Month 0.000% Current Month 0.000%
3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 0.000% N/A Mar-2005 0.000% N/A
Apr-2005 0.000% N/A Apr-2005 0.000% N/A
May-2005 0.000% N/A May-2005 0.000% N/A
Jun-2005 0.000% N/A Jun-2005 0.000% N/A
Jul-2005 0.000% N/A Jul-2005 0.000% N/A
Aug-2005 0.000% N/A Aug-2005 0.000% N/A
Sep-2005 0.000% N/A Sep-2005 0.000% N/A
Oct-2005 0.000% N/A Oct-2005 0.000% N/A
Nov-2005 0.000% N/A Nov-2005 0.000% N/A
Dec-2005 0.000% N/A Dec-2005 0.000% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at
ctslink.com. www.ctslink.com.
<FN>
Calculation Methodology:
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
</FN>
Prepayment Detail - Prepayments during Current Period
Summary
Loans Paid In Full Repurchased Loans
Original Current Original Current
Principal Principal Principal Principal
Group Count Balance Balance Count Balance Balance
<s> <c> <c> <c> <c> <c> <c>
Group 1 75 15,814,141.27 15,723,499.00 0 0.00 0.00
Group 2 31 1,618,822.00 1,608,299.53 0 0.00 0.00
Group 3 13 5,523,750.00 5,500,262.23 0 0.00 0.00
Group 4 12 921,288.00 910,537.88 0 0.00 0.00
Total 131 23,878,001.27 23,742,598.64 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued)
Summary
Substitution Loans Liquidated Loans Curtailments
Original Current Original Current
Principal Principal Principal Principal Curtailment
Group Count Balance Balance Count Balance Balance Amount
<s> <c> <c> <c> <c> <c> <c> <c>
Group 1 0 0.00 0.00 0 0.00 0.00 12,162.02
Group 2 0 0.00 0.00 0 0.00 0.00 4,174.15
Group 3 0 0.00 0.00 0 0.00 0.00 1,657.09
Group 4 0 0.00 0.00 0 0.00 0.00 456.34
Total 0 0.00 0.00 0 0.00 0.00 18,449.60
Prepayment Loan Detail - Prepayments during Current Period
First Original
Loan LTV at Payment Principal Prepayment
Group Number State Origination Date Balance Amount
<s> <c> <c> <c> <c> <c> <c>
Group 1 1000255205 IL 80.00 01-Jan-2005 123,920.00 122,848.15
Group 1 1000265532 UT 76.94 01-Jan-2005 110,800.00 109,689.53
Group 1 1000266151 CA 90.00 01-Dec-2004 243,000.00 243,000.00
Group 1 1000276905 IL 80.00 01-Jan-2005 199,920.00 198,137.41
Group 1 1000286962 CA 80.00 01-Dec-2004 283,152.00 279,933.68
Group 1 1000289729 CA 90.00 01-Dec-2004 346,500.00 341,883.35
Group 1 1000296536 CA 90.00 01-Jan-2005 166,500.00 164,997.16
Group 1 1000297245 IL 80.00 01-Jan-2005 226,800.00 224,699.01
Group 1 1000300510 AZ 80.00 01-Jan-2005 115,600.00 115,350.64
Group 1 1000302950 CA 80.00 01-Dec-2004 360,000.00 360,000.00
Group 1 1000305830 CA 78.17 01-Jan-2005 179,800.00 177,371.00
Group 1 1000308169 MN 95.00 01-Feb-2005 247,000.00 244,918.39
Group 1 1000309632 IL 68.63 01-Jan-2005 175,000.00 172,759.07
Group 1 1000312030 CA 86.40 01-Feb-2005 280,800.00 280,800.00
Group 1 1000313255 IL 80.00 01-Jan-2005 154,400.00 153,004.29
Group 1 1000313413 WA 80.00 01-Jan-2005 198,348.00 198,348.00
Group 1 1000314368 CA 62.24 01-Jan-2005 150,000.00 148,630.63
Group 1 1000315606 CA 58.40 01-Jan-2005 292,000.00 290,137.15
Group 1 1000316865 CA 80.00 01-Jan-2005 272,000.00 272,003.94
Group 1 1000318216 IL 80.00 01-Jan-2005 167,200.00 165,823.89
Group 1 1000318306 CA 88.00 01-Jan-2005 110,000.00 108,979.44
Group 1 1000318317 IL 58.46 01-Feb-2005 190,000.00 188,461.16
Group 1 1000318328 CA 80.00 01-Jan-2005 272,000.00 271,645.83
Group 1 1000322042 IL 80.00 01-Jan-2005 144,000.00 142,465.24
Group 1 1000322514 CA 73.53 01-Jan-2005 231,610.00 229,211.50
Group 1 1000322996 CA 80.00 01-Feb-2005 332,000.00 331,905.94
Group 1 1000324954 CA 80.00 01-Jan-2005 311,200.00 311,200.00
Group 1 1000325450 FL 80.00 01-Jan-2005 130,400.00 128,928.53
Group 1 1000325742 FL 80.00 01-Jan-2005 120,800.00 120,767.74
Group 1 1000326439 CA 80.00 01-Jan-2005 220,000.00 219,837.85
Group 1 1000326901 IL 90.00 01-Jan-2005 276,300.00 273,696.99
Group 1 1000327092 CA 80.00 01-Jan-2005 324,000.00 323,991.62
Group 1 1000328194 IL 80.00 01-Feb-2005 89,600.00 88,928.16
Group 1 1000328352 AZ 80.00 01-Jan-2005 116,000.00 114,588.65
Group 1 1000332290 IL 56.30 01-Jan-2005 129,500.00 128,093.20
Group 1 1000333381 IL 95.00 01-Jan-2005 109,250.00 108,252.65
Group 1 1000334427 IL 75.00 01-Jan-2005 174,750.00 172,740.49
Group 1 1000334618 CA 80.00 01-Jan-2005 272,000.00 272,000.00
Group 1 1000338285 CA 85.00 01-Feb-2005 289,000.00 285,903.72
Group 1 1000340705 CA 80.00 01-Jan-2005 247,200.00 244,303.24
Group 1 1000340918 IL 80.00 01-Jan-2005 256,000.00 256,000.00
Group 1 1000342291 CA 80.00 01-Jan-2005 248,000.00 248,000.00
Group 1 1000342774 OR 80.00 01-Jan-2005 214,400.00 212,200.98
Group 1 1000350616 CA 65.00 01-Jan-2005 135,200.00 134,956.00
Group 1 1000351280 IL 80.00 01-Jan-2005 92,000.00 91,215.95
Group 1 1000351493 CA 80.00 01-Jan-2005 300,800.00 297,817.23
Group 1 1000355015 CA 80.00 01-Jan-2005 288,000.00 284,688.23
Group 1 1000355857 CA 75.68 01-Feb-2005 140,000.00 138,882.80
Group 1 1000357354 CT 80.00 01-Jan-2005 110,400.00 109,278.48
Group 1 1000357589 IL 90.00 01-Feb-2005 337,500.00 337,500.00
Group 1 1000359109 IL 80.00 01-Feb-2005 263,200.00 261,150.94
Group 1 1000360011 IL 80.00 01-Feb-2005 128,000.00 127,172.33
Group 1 1000360482 MN 80.00 01-Feb-2005 192,000.00 190,019.38
Group 1 1000363621 CA 80.00 01-Feb-2005 282,391.27 282,320.79
Group 1 1000366523 IL 90.00 01-Feb-2005 216,000.00 214,284.76
Group 1 1000367108 NV 82.42 01-Feb-2005 150,000.00 148,354.70
Group 1 1000370629 CA 45.97 01-Feb-2005 177,000.00 175,156.73
Group 1 1000372283 IL 68.75 01-Feb-2005 220,000.00 220,000.00
Group 1 1000374791 CA 75.00 01-Feb-2005 296,250.00 296,250.00
Group 1 1000375938 IL 85.00 01-Feb-2005 157,250.00 155,225.88
Group 1 1000377446 IL 75.00 01-Feb-2005 116,250.00 115,352.01
Group 1 1000379189 CA 80.00 01-Feb-2005 113,200.00 112,470.73
Group 1 1000381823 CA 80.00 01-Feb-2005 248,800.00 246,170.93
Group 1 1000382060 CA 74.14 01-Feb-2005 215,000.00 212,739.70
Group 1 1000382206 CA 80.00 01-Feb-2005 224,000.00 221,879.77
Group 1 1000382723 CA 80.00 01-Feb-2005 296,000.00 296,000.00
Group 1 1000388460 TX 80.00 01-Feb-2005 224,000.00 222,238.73
Group 1 1000392858 CA 80.00 01-Feb-2005 198,400.00 196,466.60
Group 1 1000394670 CA 80.00 01-Feb-2005 204,000.00 199,790.50
Group 1 1000395457 CA 66.00 01-Feb-2005 198,000.00 196,019.40
Group 1 1000395581 IL 75.00 01-Feb-2005 252,750.00 252,749.90
Group 1 1000398337 CA 56.06 01-Feb-2005 282,000.00 278,731.48
Group 1 1000398922 CA 65.00 01-Feb-2005 312,000.00 312,000.00
Group 1 1000402412 CA 80.00 01-Feb-2005 208,000.00 208,000.00
Group 1 1000404010 FL 90.00 01-Feb-2005 135,000.00 133,859.81
Group 2 1000179301 CA 100.00 01-Oct-2004 66,400.00 65,935.56
Group 2 1000191934 CA 100.00 01-Oct-2004 40,500.00 40,246.81
Group 2 1000208124 CA 100.00 01-Oct-2004 58,000.00 57,637.34
Group 2 1000208461 CO 100.00 01-Nov-2004 56,300.00 55,966.16
Group 2 1000229891 CA 100.00 01-Nov-2004 84,000.00 83,472.58
Group 2 1000255227 IL 100.00 01-Jan-2005 30,980.00 30,779.11
Group 2 1000263057 WA 100.00 01-Dec-2004 21,200.00 20,286.62
Group 2 1000276916 IL 100.00 01-Jan-2005 49,980.00 49,733.44
Group 2 1000283969 IL 100.00 01-Dec-2004 47,980.00 47,709.68
Group 2 1000287615 CO 100.00 01-Dec-2004 57,394.00 57,072.70
Group 2 1000297256 IL 100.00 01-Jan-2005 56,700.00 56,410.08
Group 2 1000300521 AZ 100.00 01-Jan-2005 28,900.00 28,719.85
Group 2 1000313514 WA 100.00 01-Jan-2005 49,588.00 49,333.95
Group 2 1000318227 IL 100.00 01-Jan-2005 41,800.00 41,596.80
Group 2 1000322053 IL 100.00 01-Jan-2005 36,000.00 35,725.46
Group 2 1000325562 FL 100.00 01-Jan-2005 32,600.00 32,409.05
Group 2 1000326495 CA 100.00 01-Jan-2005 55,000.00 54,252.13
Group 2 1000326596 FL 100.00 01-Jan-2005 30,200.00 30,045.19
Group 2 1000328206 IL 100.00 01-Feb-2005 22,400.00 22,283.90
Group 2 1000328622 AZ 100.00 01-Jan-2005 29,000.00 28,821.13
Group 2 1000340929 IL 100.00 01-Jan-2005 64,000.00 63,672.77
Group 2 1000341650 CA 100.00 01-Jan-2005 61,800.00 61,418.90
Group 2 1000341661 CA 100.00 01-Jan-2005 63,000.00 62,623.32
Group 2 1000342303 CA 100.00 01-Jan-2005 62,000.00 61,665.76
Group 2 1000342404 CA 95.00 01-Jan-2005 237,500.00 235,201.33
Group 2 1000350997 UT 100.00 01-Jan-2005 34,000.00 33,810.02
Group 2 1000351482 IL 100.00 01-Jan-2005 23,000.00 22,891.24
Group 2 1000357365 CT 100.00 01-Jan-2005 27,600.00 27,459.51
Group 2 1000360718 MN 100.00 01-Feb-2005 48,000.00 47,758.62
Group 2 1000394681 CA 100.00 01-Feb-2005 51,000.00 50,761.55
Group 2 1000402771 CA 100.00 01-Feb-2005 52,000.00 51,756.83
Group 3 1000248128 CA 80.00 01-Jan-2005 380,000.00 380,000.00
Group 3 1000292420 CA 74.50 01-Jan-2005 409,000.00 404,641.03
Group 3 1000305627 CA 91.94 01-Jan-2005 427,500.00 427,500.00
Group 3 1000321096 CA 64.52 01-Jan-2005 400,000.00 396,128.51
Group 3 1000343360 CA 72.12 01-Feb-2005 375,000.00 375,000.00
Group 3 1000348129 IL 90.00 01-Jan-2005 474,750.00 474,591.93
Group 3 1000349962 CA 79.27 01-Jan-2005 432,000.00 432,000.00
Group 3 1000385388 CA 78.13 01-Feb-2005 500,000.00 500,000.00
Group 3 1000387829 CA 85.00 01-Feb-2005 412,250.00 407,706.93
Group 3 1000391879 CA 76.92 01-Feb-2005 400,000.00 396,102.59
Group 3 1000401859 CA 80.00 01-Feb-2005 432,000.00 432,000.00
Group 3 1000409565 CA 75.00 01-Feb-2005 386,250.00 382,697.79
Group 3 1000417351 CA 90.00 01-Feb-2005 495,000.00 489,570.55
Group 4 1000269626 CA 100.00 01-Jan-2005 95,000.00 94,524.42
Group 4 1000287266 CA 100.00 01-Dec-2004 70,788.00 70,260.99
Group 4 1000303300 CA 100.00 01-Dec-2004 90,000.00 89,501.47
Group 4 1000309137 CA 100.00 01-Jan-2005 90,000.00 88,489.06
Group 4 1000316876 CA 100.00 01-Jan-2005 68,000.00 63,514.98
Group 4 1000318339 CA 100.00 01-Jan-2005 68,000.00 67,621.90
Group 4 1000323043 CA 100.00 01-Feb-2005 83,000.00 82,600.30
Group 4 1000325180 CA 100.00 01-Jan-2005 77,800.00 77,081.10
Group 4 1000327250 CA 100.00 01-Jan-2005 81,000.00 79,871.26
Group 4 1000334629 CA 99.71 01-Jan-2005 67,000.00 66,599.46
Group 4 1000351516 CA 100.00 01-Jan-2005 75,200.00 74,773.08
Group 4 1000382734 CA 95.00 01-Feb-2005 55,500.00 55,187.48
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
Group 1 1000255205 Loan Paid in Full 0 7.950% 360 11
Group 1 1000265532 Loan Paid in Full 0 7.125% 360 11
Group 1 1000266151 Loan Paid in Full 0 7.240% 360 12
Group 1 1000276905 Loan Paid in Full (1) 7.670% 360 11
Group 1 1000286962 Loan Paid in Full 0 6.850% 360 12
Group 1 1000289729 Loan Paid in Full 1 7.750% 360 12
Group 1 1000296536 Loan Paid in Full 0 7.650% 360 11
Group 1 1000297245 Loan Paid in Full (1) 7.475% 360 11
Group 1 1000300510 Loan Paid in Full (1) 6.775% 360 11
Group 1 1000302950 Loan Paid in Full 0 6.650% 360 12
Group 1 1000305830 Loan Paid in Full (1) 5.175% 360 11
Group 1 1000308169 Loan Paid in Full 0 7.500% 360 10
Group 1 1000309632 Loan Paid in Full 2 5.775% 360 11
Group 1 1000312030 Loan Paid in Full 0 7.490% 360 10
Group 1 1000313255 Loan Paid in Full 0 7.600% 360 11
Group 1 1000313413 Loan Paid in Full 0 7.250% 360 11
Group 1 1000314368 Loan Paid in Full 0 7.550% 360 11
Group 1 1000315606 Loan Paid in Full 0 9.450% 360 11
Group 1 1000316865 Loan Paid in Full (1) 6.750% 360 11
Group 1 1000318216 Loan Paid in Full 0 8.075% 360 11
Group 1 1000318306 Loan Paid in Full 0 7.490% 360 11
Group 1 1000318317 Loan Paid in Full (1) 7.700% 360 10
Group 1 1000318328 Loan Paid in Full 0 7.150% 360 11
Group 1 1000322042 Loan Paid in Full (1) 6.925% 360 11
Group 1 1000322514 Loan Paid in Full (1) 6.900% 360 11
Group 1 1000322996 Loan Paid in Full 0 6.800% 360 10
Group 1 1000324954 Loan Paid in Full (1) 6.075% 360 11
Group 1 1000325450 Loan Paid in Full 0 6.450% 360 11
Group 1 1000325742 Loan Paid in Full 0 7.800% 360 11
Group 1 1000326439 Loan Paid in Full 0 6.400% 360 11
Group 1 1000326901 Loan Paid in Full 0 7.740% 360 11
Group 1 1000327092 Loan Paid in Full 0 6.750% 360 11
Group 1 1000328194 Loan Paid in Full 0 8.100% 360 10
Group 1 1000328352 Loan Paid in Full (1) 6.050% 360 11
Group 1 1000332290 Loan Paid in Full 1 6.650% 360 11
Group 1 1000333381 Loan Paid in Full 0 7.550% 360 11
Group 1 1000334427 Loan Paid in Full 0 6.350% 360 11
Group 1 1000334618 Loan Paid in Full (1) 6.775% 360 11
Group 1 1000338285 Loan Paid in Full 0 6.250% 360 10
Group 1 1000340705 Loan Paid in Full (1) 6.250% 360 11
Group 1 1000340918 Loan Paid in Full 0 6.875% 360 11
Group 1 1000342291 Loan Paid in Full 0 6.450% 360 11
Group 1 1000342774 Loan Paid in Full 0 6.950% 360 11
Group 1 1000350616 Loan Paid in Full (1) 6.550% 360 11
Group 1 1000351280 Loan Paid in Full (1) 7.900% 360 11
Group 1 1000351493 Loan Paid in Full 0 7.125% 360 11
Group 1 1000355015 Loan Paid in Full 0 6.350% 360 11
Group 1 1000355857 Loan Paid in Full 0 7.775% 360 10
Group 1 1000357354 Loan Paid in Full 0 7.000% 360 11
Group 1 1000357589 Loan Paid in Full (1) 6.980% 360 10
Group 1 1000359109 Loan Paid in Full 0 7.900% 360 10
Group 1 1000360011 Loan Paid in Full 6 8.825% 360 10
Group 1 1000360482 Loan Paid in Full 0 6.450% 360 10
Group 1 1000363621 Loan Paid in Full (1) 5.990% 360 10
Group 1 1000366523 Loan Paid in Full (1) 7.800% 360 10
Group 1 1000367108 Loan Paid in Full 0 6.125% 360 10
Group 1 1000370629 Loan Paid in Full (1) 6.400% 360 10
Group 1 1000372283 Loan Paid in Full 0 6.450% 360 10
Group 1 1000374791 Loan Paid in Full 0 6.070% 360 10
Group 1 1000375938 Loan Paid in Full (1) 7.250% 360 10
Group 1 1000377446 Loan Paid in Full 0 7.950% 360 10
Group 1 1000379189 Loan Paid in Full 0 8.990% 360 10
Group 1 1000381823 Loan Paid in Full (1) 6.325% 360 10
Group 1 1000382060 Loan Paid in Full 0 6.350% 360 10
Group 1 1000382206 Loan Paid in Full (1) 6.900% 360 10
Group 1 1000382723 Loan Paid in Full 0 6.700% 360 10
Group 1 1000388460 Loan Paid in Full (1) 7.850% 360 10
Group 1 1000392858 Loan Paid in Full 0 6.750% 360 10
Group 1 1000394670 Loan Paid in Full 0 6.575% 360 10
Group 1 1000395457 Loan Paid in Full 0 6.990% 360 10
Group 1 1000395581 Loan Paid in Full (1) 6.700% 360 10
Group 1 1000398337 Loan Paid in Full (1) 5.830% 360 10
Group 1 1000398922 Loan Paid in Full (2) 5.380% 360 10
Group 1 1000402412 Loan Paid in Full (1) 7.230% 360 10
Group 1 1000404010 Loan Paid in Full 2 7.500% 360 10
Group 2 1000179301 Loan Paid in Full 0 10.400% 180 14
Group 2 1000191934 Loan Paid in Full (1) 10.570% 180 14
Group 2 1000208124 Loan Paid in Full (1) 10.570% 180 14
Group 2 1000208461 Loan Paid in Full 0 10.470% 180 13
Group 2 1000229891 Loan Paid in Full 0 10.570% 180 13
Group 2 1000255227 Loan Paid in Full 0 10.370% 180 11
Group 2 1000263057 Loan Paid in Full (2) 10.670% 180 12
Group 2 1000276916 Loan Paid in Full (1) 10.570% 180 11
Group 2 1000283969 Loan Paid in Full 0 10.770% 180 12
Group 2 1000287615 Loan Paid in Full 3 10.370% 180 12
Group 2 1000297256 Loan Paid in Full (1) 10.400% 180 11
Group 2 1000300521 Loan Paid in Full (1) 10.120% 180 11
Group 2 1000313514 Loan Paid in Full 0 10.390% 180 11
Group 2 1000318227 Loan Paid in Full (1) 10.640% 180 11
Group 2 1000322053 Loan Paid in Full (1) 10.370% 180 11
Group 2 1000325562 Loan Paid in Full 0 9.750% 180 11
Group 2 1000326495 Loan Paid in Full 0 10.670% 180 11
Group 2 1000326596 Loan Paid in Full 0 10.390% 180 11
Group 2 1000328206 Loan Paid in Full 0 10.150% 180 10
Group 2 1000328622 Loan Paid in Full (1) 9.500% 180 11
Group 2 1000340929 Loan Paid in Full 0 10.400% 180 11
Group 2 1000341650 Loan Paid in Full 0 9.500% 180 11
Group 2 1000341661 Loan Paid in Full (1) 9.650% 180 11
Group 2 1000342303 Loan Paid in Full (1) 10.150% 180 11
Group 2 1000342404 Loan Paid in Full 0 7.250% 360 11
Group 2 1000350997 Loan Paid in Full (1) 10.240% 180 11
Group 2 1000351482 Loan Paid in Full (1) 10.770% 180 11
Group 2 1000357365 Loan Paid in Full 0 10.420% 180 11
Group 2 1000360718 Loan Paid in Full 0 10.120% 180 10
Group 2 1000394681 Loan Paid in Full 0 10.390% 180 10
Group 2 1000402771 Loan Paid in Full (1) 10.390% 180 10
Group 3 1000248128 Loan Paid in Full (1) 7.300% 360 11
Group 3 1000292420 Loan Paid in Full 1 6.750% 360 11
Group 3 1000305627 Loan Paid in Full 0 8.150% 360 11
Group 3 1000321096 Loan Paid in Full (1) 7.250% 360 11
Group 3 1000343360 Loan Paid in Full 0 5.900% 360 10
Group 3 1000348129 Loan Paid in Full (1) 8.450% 360 11
Group 3 1000349962 Loan Paid in Full (1) 6.875% 360 11
Group 3 1000385388 Loan Paid in Full 0 6.800% 360 10
Group 3 1000387829 Loan Paid in Full (1) 6.100% 360 10
Group 3 1000391879 Loan Paid in Full (1) 6.750% 360 10
Group 3 1000401859 Loan Paid in Full (1) 6.875% 360 10
Group 3 1000409565 Loan Paid in Full 0 7.250% 360 10
Group 3 1000417351 Loan Paid in Full 0 6.125% 360 10
Group 4 1000269626 Loan Paid in Full (1) 10.500% 180 11
Group 4 1000287266 Loan Paid in Full 0 8.990% 180 12
Group 4 1000303300 Loan Paid in Full 0 10.420% 180 12
Group 4 1000309137 Loan Paid in Full (2) 9.900% 180 11
Group 4 1000316876 Loan Paid in Full (1) 9.650% 180 11
Group 4 1000318339 Loan Paid in Full 0 9.999% 180 11
Group 4 1000323043 Loan Paid in Full 0 10.250% 180 10
Group 4 1000325180 Loan Paid in Full (1) 9.650% 180 11
Group 4 1000327250 Loan Paid in Full 0 8.990% 180 11
Group 4 1000334629 Loan Paid in Full (1) 9.650% 180 11
Group 4 1000351516 Loan Paid in Full 0 9.900% 180 11
Group 4 1000382734 Loan Paid in Full 0 9.500% 180 10
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 5.205% Current Month 47.348% Current Month 2,235.980%
3 Month Average 4.741% 3 Month Average 44.128% 3 Month Average 2,310.019%
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 4.530% N/A Mar-2005 1,418.351% N/A
Apr-2005 26.005% N/A Apr-2005 5,023.779% N/A
May-2005 31.548% N/A May-2005 4,396.567% N/A
Jun-2005 32.596% N/A Jun-2005 3,553.068% N/A
Jul-2005 34.705% N/A Jul-2005 3,105.761% N/A
Aug-2005 39.406% N/A Aug-2005 2,991.775% N/A
Sep-2005 45.096% N/A Sep-2005 2,971.544% N/A
Oct-2005 42.887% N/A Oct-2005 2,496.827% N/A
Nov-2005 42.149% N/A Nov-2005 2,197.251% N/A
Dec-2005 47.348% N/A Dec-2005 2,235.980% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 1
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 5.161% Current Month 47.056% Current Month 2,239.973%
3 Month Average 4.765% 3 Month Average 44.288% 3 Month Average 2,335.229%
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 4.316% N/A Mar-2005 1,419.545% N/A
Apr-2005 27.458% N/A Apr-2005 5,469.074% N/A
May-2005 32.736% N/A May-2005 4,662.597% N/A
Jun-2005 35.639% N/A Jun-2005 3,952.739% N/A
Jul-2005 33.685% N/A Jul-2005 3,058.139% N/A
Aug-2005 45.574% N/A Aug-2005 3,502.008% N/A
Sep-2005 47.610% N/A Sep-2005 3,170.208% N/A
Oct-2005 40.925% N/A Oct-2005 2,405.885% N/A
Nov-2005 44.883% N/A Nov-2005 2,359.828% N/A
Dec-2005 47.056% N/A Dec-2005 2,239.973% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 2
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.080% Current Month 31.298% Current Month 1,410.531%
3 Month Average 3.367% 3 Month Average 33.680% 3 Month Average 1,683.637%
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 5.114% N/A Mar-2005 1,159.181% N/A
Apr-2005 18.469% N/A Apr-2005 2,887.422% N/A
May-2005 18.467% N/A May-2005 2,200.688% N/A
Jun-2005 16.518% N/A Jun-2005 1,589.969% N/A
Jul-2005 20.451% N/A Jul-2005 1,656.823% N/A
Aug-2005 28.697% N/A Aug-2005 2,006.872% N/A
Sep-2005 22.431% N/A Sep-2005 1,377.868% N/A
Oct-2005 35.474% N/A Oct-2005 1,944.794% N/A
Nov-2005 34.269% N/A Nov-2005 1,695.586% N/A
Dec-2005 31.298% N/A Dec-2005 1,410.531% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 3
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 6.608% Current Month 55.972% Current Month 2,657.106%
3 Month Average 5.674% 3 Month Average 49.983% 3 Month Average 2,639.988%
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 4.934% N/A Mar-2005 1,625.783% N/A
Apr-2005 25.224% N/A Apr-2005 5,027.266% N/A
May-2005 36.953% N/A May-2005 5,279.565% N/A
Jun-2005 32.014% N/A Jun-2005 3,558.781% N/A
Jul-2005 46.416% N/A Jul-2005 4,215.930% N/A
Aug-2005 18.059% N/A Aug-2005 1,388.095% N/A
Sep-2005 46.332% N/A Sep-2005 3,087.048% N/A
Oct-2005 53.560% N/A Oct-2005 3,141.723% N/A
Nov-2005 40.418% N/A Nov-2005 2,121.134% N/A
Dec-2005 55.972% N/A Dec-2005 2,657.106% N/A
*The text reported in the above table is presented *The text reported in the above table is presented
graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The
monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
Group 4
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 5.695% Current Month 50.518% Current Month 2,342.741%
3 Month Average 3.810% 3 Month Average 35.911% 3 Month Average 1,832.199%
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 4.865% N/A Mar-2005 1,392.876% N/A
Apr-2005 22.165% N/A Apr-2005 4,036.279% N/A
May-2005 10.023% N/A May-2005 1,335.628% N/A
Jun-2005 16.273% N/A Jun-2005 1,714.847% N/A
Jul-2005 25.606% N/A Jul-2005 2,221.376% N/A
Aug-2005 40.331% N/A Aug-2005 2,977.374% N/A
Sep-2005 49.243% N/A Sep-2005 3,166.224% N/A
Oct-2005 40.190% N/A Oct-2005 2,284.881% N/A
Nov-2005 17.024% N/A Nov-2005 868.973% N/A
Dec-2005 50.518% N/A Dec-2005 2,342.741% 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.
<FN>
Calculation Methodology:
Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled
Principal)
Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12)
PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS))
Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal
Balance))
</FN>
Modifications
Loan Beginning Current Prior Modified Prior Modified
Number Balance Balance Rate Rate Payment Payment
<s> <c> <c> <c> <c> <c> <c>
No Modifications this Period
Substitutions
Loans Repurchased Loans Substituted
Loan Current Current Current Loan Current Current Current
Number Balance Rate Payment Number Balance Rate Payment
<s> <c> <c> <c> <c> <c> <c> <c>
No Substitutions this Period
Repurchases
Loan Current Current Current
Number Balance Rate Payment
<s> <c> <c> <c>
No Repurchases this Period