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-RM2
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-02
Pooling and Servicing Agreement) (Commission 54-2173199
(State or other File Number) 54-2173200
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-RM2 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-RM2 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-RM2 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-RM2 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 2005-RM2
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 004421NQ2 4.42375% 168,346,070.19 661,974.16
A-1B 004421NR0 4.45375% 42,086,517.55 166,615.85
A-2A 004421NS8 4.28375% 48,236,244.85 183,672.90
A-2B 004421PG2 4.39375% 50,184,000.00 195,996.40
A-2C 004421PH0 4.44375% 12,963,000.00 51,203.85
A-2D 004421PJ6 4.54375% 33,778,000.00 136,425.59
M-1 004421NT6 4.63375% 20,952,000.00 86,298.96
M-2 004421NU3 4.64375% 18,686,000.00 77,131.66
M-3 004421NV1 4.66375% 11,042,000.00 45,775.22
M-4 004421NW9 4.82375% 10,193,000.00 43,705.32
M-5 004421NX7 4.85375% 9,626,000.00 41,530.84
M-6 004421NY5 4.88375% 9,343,000.00 40,559.00
M-7 004421NZ2 5.39375% 7,644,000.00 36,648.73
M-8 004421PA5 5.49375% 5,946,000.00 29,036.30
M-9 004421PB3 5.89375% 5,379,000.00 28,179.98
P ACE05RM2P 0.00000% 100.00 341,400.52
M-10 004421PC1 7.19375% 5,096,000.00 32,586.09
M-11 004421PD9 7.19375% 5,663,000.00 36,211.74
B-1 004421PE7 7.19375% 8,777,000.00 56,124.04
B-2 004421PF4 7.19375% 6,229,000.00 39,830.99
CE ACE05RM2CE 0.00000% 6,511,954.80 770,470.40
R ACE05RM2R 0.00000% 0.00 0.00
Totals 486,681,887.39 3,101,378.54
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 9,835,281.82 0.00 158,510,788.37 10,497,255.98 0.00
A-1B 2,458,820.46 0.00 39,627,697.09 2,625,436.31 0.00
A-2A 4,802,591.72 0.00 43,433,653.13 4,986,264.62 0.00
A-2B 0.00 0.00 50,184,000.00 195,996.40 0.00
A-2C 0.00 0.00 12,963,000.00 51,203.85 0.00
A-2D 0.00 0.00 33,778,000.00 136,425.59 0.00
M-1 0.00 0.00 20,952,000.00 86,298.96 0.00
M-2 0.00 0.00 18,686,000.00 77,131.66 0.00
M-3 0.00 0.00 11,042,000.00 45,775.22 0.00
M-4 0.00 0.00 10,193,000.00 43,705.32 0.00
M-5 0.00 0.00 9,626,000.00 41,530.84 0.00
M-6 0.00 0.00 9,343,000.00 40,559.00 0.00
M-7 0.00 0.00 7,644,000.00 36,648.73 0.00
M-8 0.00 0.00 5,946,000.00 29,036.30 0.00
M-9 0.00 0.00 5,379,000.00 28,179.98 0.00
P 0.00 0.00 100.00 341,400.52 0.00
M-10 0.00 0.00 5,096,000.00 32,586.09 0.00
M-11 0.00 0.00 5,663,000.00 36,211.74 0.00
B-1 0.00 0.00 8,777,000.00 56,124.04 0.00
B-2 0.00 0.00 6,229,000.00 39,830.99 0.00
CE 0.00 0.00 6,511,954.80 770,470.40 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 17,096,694.00 0.00 469,585,193.39 20,198,072.54 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 206,792,000.00 168,346,070.19 0.00 9,835,281.82 0.00 0.00
A-1B 51,698,000.00 42,086,517.55 0.00 2,458,820.46 0.00 0.00
A-2A 79,753,000.00 48,236,244.85 0.00 4,802,591.72 0.00 0.00
A-2B 50,184,000.00 50,184,000.00 0.00 0.00 0.00 0.00
A-2C 12,963,000.00 12,963,000.00 0.00 0.00 0.00 0.00
A-2D 33,778,000.00 33,778,000.00 0.00 0.00 0.00 0.00
M-1 20,952,000.00 20,952,000.00 0.00 0.00 0.00 0.00
M-2 18,686,000.00 18,686,000.00 0.00 0.00 0.00 0.00
M-3 11,042,000.00 11,042,000.00 0.00 0.00 0.00 0.00
M-4 10,193,000.00 10,193,000.00 0.00 0.00 0.00 0.00
M-5 9,626,000.00 9,626,000.00 0.00 0.00 0.00 0.00
M-6 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00
M-7 7,644,000.00 7,644,000.00 0.00 0.00 0.00 0.00
M-8 5,946,000.00 5,946,000.00 0.00 0.00 0.00 0.00
M-9 5,379,000.00 5,379,000.00 0.00 0.00 0.00 0.00
M-10 5,096,000.00 5,096,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
M-11 5,663,000.00 5,663,000.00 0.00 0.00 0.00 0.00
B-1 8,777,000.00 8,777,000.00 0.00 0.00 0.00 0.00
B-2 6,229,000.00 6,229,000.00 0.00 0.00 0.00 0.00
CE 6,512,839.08 6,511,954.80 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 566,256,939.08 486,681,887.39 0.00 17,096,694.00 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 9,835,281.82 158,510,788.37 0.766523 9,835,281.82
A-1B 2,458,820.46 39,627,697.09 0.766523 2,458,820.46
A-2A 4,802,591.72 43,433,653.13 0.544602 4,802,591.72
A-2B 0.00 50,184,000.00 1.000000 0.00
A-2C 0.00 12,963,000.00 1.000000 0.00
A-2D 0.00 33,778,000.00 1.000000 0.00
M-1 0.00 20,952,000.00 1.000000 0.00
M-2 0.00 18,686,000.00 1.000000 0.00
M-3 0.00 11,042,000.00 1.000000 0.00
M-4 0.00 10,193,000.00 1.000000 0.00
M-5 0.00 9,626,000.00 1.000000 0.00
M-6 0.00 9,343,000.00 1.000000 0.00
M-7 0.00 7,644,000.00 1.000000 0.00
M-8 0.00 5,946,000.00 1.000000 0.00
M-9 0.00 5,379,000.00 1.000000 0.00
M-10 0.00 5,096,000.00 1.000000 0.00
P 0.00 100.00 1.000000 0.00
M-11 0.00 5,663,000.00 1.000000 0.00
B-1 0.00 8,777,000.00 1.000000 0.00
B-2 0.00 6,229,000.00 1.000000 0.00
CE 0.00 6,511,954.80 0.999864 0.00
R 0.00 0.00 0.000000 0.00
Totals 17,096,694.00 469,585,193.39 0.829279 17,096,694.00
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 206,792,000.00 814.084056 0.000000 47.561230 0.000000
A-1B 51,698,000.00 814.084056 0.000000 47.561230 0.000000
A-2A 79,753,000.00 604.820444 0.000000 60.218321 0.000000
A-2B 50,184,000.00 1000.000000 0.000000 0.000000 0.000000
A-2C 12,963,000.00 1000.000000 0.000000 0.000000 0.000000
A-2D 33,778,000.00 1000.000000 0.000000 0.000000 0.000000
M-1 20,952,000.00 1000.000000 0.000000 0.000000 0.000000
M-2 18,686,000.00 1000.000000 0.000000 0.000000 0.000000
M-3 11,042,000.00 1000.000000 0.000000 0.000000 0.000000
M-4 10,193,000.00 1000.000000 0.000000 0.000000 0.000000
M-5 9,626,000.00 1000.000000 0.000000 0.000000 0.000000
M-6 9,343,000.00 1000.000000 0.000000 0.000000 0.000000
M-7 7,644,000.00 1000.000000 0.000000 0.000000 0.000000
M-8 5,946,000.00 1000.000000 0.000000 0.000000 0.000000
M-9 5,379,000.00 1000.000000 0.000000 0.000000 0.000000
M-10 5,096,000.00 1000.000000 0.000000 0.000000 0.000000
P 100.00 1000.000000 0.000000 0.000000 0.000000
M-11 5,663,000.00 1000.000000 0.000000 0.000000 0.000000
B-1 8,777,000.00 1000.000000 0.000000 0.000000 0.000000
B-2 6,229,000.00 1000.000000 0.000000 0.000000 0.000000
CE 6,512,839.08 999.864225 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 47.561230 766.522827 0.766523 47.561230
A-1B 0.000000 47.561230 766.522827 0.766523 47.561230
A-2A 0.000000 60.218321 544.602123 0.544602 60.218321
A-2B 0.000000 0.000000 1,000.000000 1.000000 0.000000
A-2C 0.000000 0.000000 1,000.000000 1.000000 0.000000
A-2D 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-1 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-2 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-3 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-4 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-5 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-6 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-7 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-8 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-9 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-10 0.000000 0.000000 1,000.000000 1.000000 0.000000
P 0.000000 0.000000 1,000.000000 1.000000 0.000000
M-11 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
CE 0.000000 0.000000 999.864225 0.999864 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 4.42375% 168,346,070.19 661,974.16 0.00
A-1B 11/25/05 - 12/26/05 32 4.45375% 42,086,517.55 166,615.85 0.00
A-2A 11/25/05 - 12/26/05 32 4.28375% 48,236,244.85 183,672.90 0.00
A-2B 11/25/05 - 12/26/05 32 4.39375% 50,184,000.00 195,996.40 0.00
A-2C 11/25/05 - 12/26/05 32 4.44375% 12,963,000.00 51,203.85 0.00
A-2D 11/25/05 - 12/26/05 32 4.54375% 33,778,000.00 136,425.59 0.00
M-1 11/25/05 - 12/26/05 32 4.63375% 20,952,000.00 86,298.96 0.00
M-2 11/25/05 - 12/26/05 32 4.64375% 18,686,000.00 77,131.66 0.00
M-3 11/25/05 - 12/26/05 32 4.66375% 11,042,000.00 45,775.22 0.00
M-4 11/25/05 - 12/26/05 32 4.82375% 10,193,000.00 43,705.32 0.00
M-5 11/25/05 - 12/26/05 32 4.85375% 9,626,000.00 41,530.84 0.00
M-6 11/25/05 - 12/26/05 32 4.88375% 9,343,000.00 40,559.00 0.00
M-7 11/25/05 - 12/26/05 32 5.39375% 7,644,000.00 36,648.73 0.00
M-8 11/25/05 - 12/26/05 32 5.49375% 5,946,000.00 29,036.30 0.00
M-9 11/25/05 - 12/26/05 32 5.89375% 5,379,000.00 28,179.98 0.00
M-10 11/25/05 - 12/26/05 32 7.19375% 5,096,000.00 32,586.09 0.00
P N/A N/A 0.00000% 100.00 0.00 0.00
M-11 11/25/05 - 12/26/05 32 7.19375% 5,663,000.00 36,211.74 0.00
B-1 11/25/05 - 12/26/05 32 7.19375% 8,777,000.00 56,124.04 0.00
B-2 11/25/05 - 12/26/05 32 7.19375% 6,229,000.00 39,830.99 0.00
CE N/A N/A 0.00000% 6,511,954.80 0.00 0.00
R N/A N/A 0.00000% 0.00 0.00 0.00
Totals 1,989,507.62 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 0.00 661,974.16 0.00 158,510,788.37
A-1B 0.00 0.00 166,615.85 0.00 39,627,697.09
A-2A 0.00 0.00 183,672.90 0.00 43,433,653.13
A-2B 0.00 0.00 195,996.40 0.00 50,184,000.00
A-2C 0.00 0.00 51,203.85 0.00 12,963,000.00
A-2D 0.00 0.00 136,425.59 0.00 33,778,000.00
M-1 0.00 0.00 86,298.96 0.00 20,952,000.00
M-2 0.00 0.00 77,131.66 0.00 18,686,000.00
M-3 0.00 0.00 45,775.22 0.00 11,042,000.00
M-4 0.00 0.00 43,705.32 0.00 10,193,000.00
M-5 0.00 0.00 41,530.84 0.00 9,626,000.00
M-6 0.00 0.00 40,559.00 0.00 9,343,000.00
M-7 0.00 0.00 36,648.73 0.00 7,644,000.00
M-8 0.00 0.00 29,036.30 0.00 5,946,000.00
M-9 0.00 0.00 28,179.98 0.00 5,379,000.00
M-10 0.00 0.00 32,586.09 0.00 5,096,000.00
P 0.00 0.00 341,400.52 0.00 100.00
M-11 0.00 0.00 36,211.74 0.00 5,663,000.00
B-1 0.00 0.00 56,124.04 0.00 8,777,000.00
B-2 0.00 0.00 39,830.99 0.00 6,229,000.00
CE 0.00 0.00 770,470.40 0.00 6,511,954.80
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,101,378.54 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 - 12/26/05 206,792,000.00 4.42375% 814.084056 3.201159 0.000000
A-1B 11/25/05 - 12/26/05 51,698,000.00 4.45375% 814.084056 3.222868 0.000000
A-2A 11/25/05 - 12/26/05 79,753,000.00 4.28375% 604.820444 2.303022 0.000000
A-2B 11/25/05 - 12/26/05 50,184,000.00 4.39375% 1000.000000 3.905556 0.000000
A-2C 11/25/05 - 12/26/05 12,963,000.00 4.44375% 1000.000000 3.950000 0.000000
A-2D 11/25/05 - 12/26/05 33,778,000.00 4.54375% 1000.000000 4.038889 0.000000
M-1 11/25/05 - 12/26/05 20,952,000.00 4.63375% 1000.000000 4.118889 0.000000
M-2 11/25/05 - 12/26/05 18,686,000.00 4.64375% 1000.000000 4.127778 0.000000
M-3 11/25/05 - 12/26/05 11,042,000.00 4.66375% 1000.000000 4.145555 0.000000
M-4 11/25/05 - 12/26/05 10,193,000.00 4.82375% 1000.000000 4.287778 0.000000
M-5 11/25/05 - 12/26/05 9,626,000.00 4.85375% 1000.000000 4.314444 0.000000
M-6 11/25/05 - 12/26/05 9,343,000.00 4.88375% 1000.000000 4.341111 0.000000
M-7 11/25/05 - 12/26/05 7,644,000.00 5.39375% 1000.000000 4.794444 0.000000
M-8 11/25/05 - 12/26/05 5,946,000.00 5.49375% 1000.000000 4.883333 0.000000
M-9 11/25/05 - 12/26/05 5,379,000.00 5.89375% 1000.000000 5.238888 0.000000
M-10 11/25/05 - 12/26/05 5,096,000.00 7.19375% 1000.000000 6.394445 0.000000
P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000
M-11 11/25/05 - 12/26/05 5,663,000.00 7.19375% 1000.000000 6.394445 0.000000
B-1 11/25/05 - 12/26/05 8,777,000.00 7.19375% 1000.000000 6.394445 0.000000
B-2 11/25/05 - 12/26/05 6,229,000.00 7.19375% 1000.000000 6.394444 0.000000
CE N/A 6,512,839.08 0.00000% 999.864225 0.000000 0.000000
R N/A 0.00 0.00000% 0.000000 0.000000 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
A-1A 0.000000 0.000000 3.201159 0.000000 766.522827
A-1B 0.000000 0.000000 3.222868 0.000000 766.522827
A-2A 0.000000 0.000000 2.303022 0.000000 544.602123
A-2B 0.000000 0.000000 3.905556 0.000000 1000.000000
A-2C 0.000000 0.000000 3.950000 0.000000 1000.000000
A-2D 0.000000 0.000000 4.038889 0.000000 1000.000000
M-1 0.000000 0.000000 4.118889 0.000000 1000.000000
M-2 0.000000 0.000000 4.127778 0.000000 1000.000000
M-3 0.000000 0.000000 4.145555 0.000000 1000.000000
M-4 0.000000 0.000000 4.287778 0.000000 1000.000000
M-5 0.000000 0.000000 4.314444 0.000000 1000.000000
M-6 0.000000 0.000000 4.341111 0.000000 1000.000000
M-7 0.000000 0.000000 4.794444 0.000000 1000.000000
M-8 0.000000 0.000000 4.883333 0.000000 1000.000000
M-9 0.000000 0.000000 5.238888 0.000000 1000.000000
M-10 0.000000 0.000000 6.394445 0.000000 1000.000000
P 0.000000 0.000000 3414005.200000 0.000000 1000.000000
M-11 0.000000 0.000000 6.394445 0.000000 1000.000000
B-1 0.000000 0.000000 6.394445 0.000000 1000.000000
B-2 0.000000 0.000000 6.394444 0.000000 1000.000000
CE 0.000000 0.000000 118.300236 0.000000 999.864225
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 19,913,429.69
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 276,505.66
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 341,400.52
Swap/Cap Payments 0.00
Total Deposits 20,531,335.87
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 121,353.91
Total Administration Fees 211,909.42
Payment of Interest and Principal 20,198,072.54
Total Withdrawals (Pool Distribution Amount) 20,531,335.87
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* 202,784.13
Credit Risk Manager Fee - The Murrayhill Company 6,083.53
Master Servicing Fee: Wells Fargo Bank 3,041.76
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 211,909.42
<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 18,635.01 18,635.01 1,000.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.327758%
Weighted Average Net Rate 6.827715%
Weighted Average Pass Through Rate 6.805256%
Weighted Average Remaining Term 336
Record Date 11/30/2005
Principal and Interest Constant 3,205,196.88
Beginning Loan Count 3,036
Loans Paid in Full 95
Ending Loan Count 2,941
Beginning Scheduled Balance 486,681,887.39
Ending Scheduled Balance 469,585,193.39
Ending Actual Balance at 30-Nov-2005 469,718,638.82
Scheduled Principal 233,189.01
Unscheduled Principal 16,863,504.99
Scheduled Interest 2,972,007.87
Servicing Fee 202,784.13
Master Servicing Fee 3,041.76
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,083.53
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 2,760,098.45
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 341,400.52
Prepayment Penalty Paid Count 67
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 6,511,954.80
Overcollateralized Amount 6,511,954.80
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Group Level Collateral Statement
<s> <c> <c>
Group GROUP I GROUP II GROUP III
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 8.788499 7.142587 9.656842
Weighted Average Net Rate 8.288499 6.642587 9.156842
Weighted Average Remaining Term 257 353 198
Beginning Loan Count 686 1,374 407
Loans Paid In Full 17 55 9
Ending Loan Count 669 1,319 398
Beginning Scheduled Balance 41,257,284.54 247,041,427.65 28,147,798.89
Ending Scheduled Balance 40,500,749.78 235,503,860.13 27,504,125.34
Record Date 11/30/2005 11/30/2005 11/30/2005
Principal And Interest Constant 331,554.36 1,631,057.96 239,937.69
Scheduled Principal 29,396.35 160,628.86 13,421.99
Unscheduled Principal 727,138.41 11,376,938.66 630,251.56
Scheduled Interest 302,158.01 1,470,429.10 226,515.70
Servicing Fee 17,190.54 102,933.93 11,728.25
Master Servicing Fee 257.86 1,544.01 175.92
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 515.72 3,088.02 351.85
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 284,193.89 1,362,863.14 214,259.68
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 8.265999 6.620087 9.134342
<FN>
</FN>
Group Level Collateral Statement
<s> <c> <c>
Group GROUP IV Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.858070 7.327758
Weighted Average Net Rate 6.358070 6.827715
Weighted Average Remaining Term 353 336
Beginning Loan Count 569 3,036
Loans Paid In Full 14 95
Ending Loan Count 555 2,941
Beginning Scheduled Balance 170,235,376.31 486,681,887.39
Ending scheduled Balance 166,076,458.14 469,585,193.39
Record Date 11/30/2005 11/30/2005
Principal And Interest Constant 1,002,646.87 3,205,196.88
Scheduled Principal 29,741.81 233,189.01
Unscheduled Principal 4,129,176.36 16,863,504.99
Scheduled Interest 972,905.06 2,972,007.87
Servicing Fee 70,931.41 202,784.13
Master Servicing Fee 1,063.97 3,041.76
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,127.94 6,083.53
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 898,781.74 2,760,098.45
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalty Waived Amount 0.00 0.00
Prepayment Penalty Waived Count 0 0
Prepayment Penalty Paid Amount Not Available 341400.52
Prepayment Penalty Paid Count Not Available 67
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.335570 6.805256
<FN>
</FN>
Additional Reporting - Deal Level
Miscellaneous Reporting
<s> <c>
Credit Enhancement % 0.279157%
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 1 0 1
0.00 198,860.77 0.00 198,860.77
30 Days 57 2 0 1 60
8,598,927.48 132,306.00 0.00 187,490.97 8,918,724.45
60 Days 36 0 1 0 37
4,839,968.69 0.00 140,000.00 0.00 4,979,968.69
90 Days 10 0 12 0 22
765,846.44 0.00 2,094,458.35 0.00 2,860,304.79
120 Days 9 4 10 0 23
721,749.43 230,248.02 2,170,676.30 0.00 3,122,673.75
150 Days 8 1 12 0 21
766,557.62 160,281.43 2,674,122.17 0.00 3,600,961.22
180+ Days 1 1 0 0 2
64,175.83 212,361.70 0.00 0.00 276,537.53
Totals 121 8 36 1 166
15,757,225.49 735,197.15 7,278,117.59 187,490.97 23,958,031.20
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% 0.034002% 0.000000% 0.034002%
0.000000% 0.042336% 0.000000% 0.042336%
30 Days 1.938116% 0.068004% 0.000000% 0.034002% 2.040122%
1.830655% 0.028167% 0.000000% 0.039916% 1.898738%
60 Days 1.224073% 0.000000% 0.034002% 0.000000% 1.258075%
1.030397% 0.000000% 0.029805% 0.000000% 1.060202%
90 Days 0.340020% 0.000000% 0.408024% 0.000000% 0.748045%
0.163044% 0.000000% 0.445896% 0.000000% 0.608940%
120 Days 0.306018% 0.136008% 0.340020% 0.000000% 0.782047%
0.153656% 0.049018% 0.462123% 0.000000% 0.664797%
150 Days 0.272016% 0.034002% 0.408024% 0.000000% 0.714043%
0.163195% 0.034123% 0.569303% 0.000000% 0.766621%
180+ Days 0.034002% 0.034002% 0.000000% 0.000000% 0.068004%
0.013663% 0.045210% 0.000000% 0.000000% 0.058873%
Totals 4.114247% 0.272016% 1.224073% 0.034002% 5.644339%
3.354609% 0.156519% 1.549463% 0.039916% 5.100507%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 276,505.66
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GROUP I
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 10 0 0 0 10
527,532.80 0.00 0.00 0.00 527,532.80
60 Days 7 0 0 0 7
373,662.34 0.00 0.00 0.00 373,662.34
90 Days 6 0 0 0 6
231,600.67 0.00 0.00 0.00 231,600.67
120 Days 4 2 0 0 6
161,813.08 57,639.14 0.00 0.00 219,452.22
150 Days 3 0 1 0 4
217,777.16 0.00 84,853.22 0.00 302,630.38
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 30 2 1 0 33
1,512,386.05 57,639.14 84,853.22 0.00 1,654,878.41
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.494768% 0.000000% 0.000000% 0.000000% 1.494768%
1.302176% 0.000000% 0.000000% 0.000000% 1.302176%
60 Days 1.046338% 0.000000% 0.000000% 0.000000% 1.046338%
0.922358% 0.000000% 0.000000% 0.000000% 0.922358%
90 Days 0.896861% 0.000000% 0.000000% 0.000000% 0.896861%
0.571689% 0.000000% 0.000000% 0.000000% 0.571689%
120 Days 0.597907% 0.298954% 0.000000% 0.000000% 0.896861%
0.399424% 0.142278% 0.000000% 0.000000% 0.541702%
150 Days 0.448430% 0.000000% 0.149477% 0.000000% 0.597907%
0.537567% 0.000000% 0.209454% 0.000000% 0.747021%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.484305% 0.298954% 0.149477% 0.000000% 4.932735%
3.733215% 0.142278% 0.209454% 0.000000% 4.084947%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GROUP II
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 1 0 1
0.00 198,860.77 0.00 198,860.77
30 Days 27 1 0 1 29
4,568,906.55 105,782.79 0.00 187,490.97 4,862,180.31
60 Days 20 0 1 0 21
3,086,696.18 0.00 140,000.00 0.00 3,226,696.18
90 Days 3 0 9 0 12
461,384.10 0.00 1,459,837.06 0.00 1,921,221.16
120 Days 2 1 7 0 10
360,561.10 98,662.03 1,064,591.67 0.00 1,523,814.80
150 Days 1 1 9 0 11
246,332.00 160,281.43 1,908,910.53 0.00 2,315,523.96
180+ Days 0 1 0 0 1
0.00 212,361.70 0.00 0.00 212,361.70
Totals 53 4 27 1 85
8,723,879.93 577,087.95 4,772,200.03 187,490.97 14,260,658.88
0-29 Days 0.000000% 0.075815% 0.000000% 0.075815%
0.000000% 0.084406% 0.000000% 0.084406%
30 Days 2.047005% 0.075815% 0.000000% 0.075815% 2.198635%
1.939260% 0.044899% 0.000000% 0.079580% 2.063739%
60 Days 1.516300% 0.000000% 0.075815% 0.000000% 1.592115%
1.310140% 0.000000% 0.059423% 0.000000% 1.369562%
90 Days 0.227445% 0.000000% 0.682335% 0.000000% 0.909780%
0.195833% 0.000000% 0.619624% 0.000000% 0.815457%
120 Days 0.151630% 0.075815% 0.530705% 0.000000% 0.758150%
0.153039% 0.041877% 0.451863% 0.000000% 0.646779%
150 Days 0.075815% 0.075815% 0.682335% 0.000000% 0.833965%
0.104555% 0.068031% 0.810232% 0.000000% 0.982818%
180+ Days 0.000000% 0.075815% 0.000000% 0.000000% 0.075815%
0.000000% 0.090136% 0.000000% 0.000000% 0.090136%
Totals 4.018196% 0.303260% 2.047005% 0.075815% 6.444276%
3.702827% 0.244943% 2.025547% 0.079580% 6.052897%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GROUP III
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 1 0 0 12
651,082.13 26,523.21 0.00 0.00 677,605.34
60 Days 5 0 0 0 5
256,605.38 0.00 0.00 0.00 256,605.38
90 Days 1 0 0 0 1
72,861.67 0.00 0.00 0.00 72,861.67
120 Days 3 1 0 0 4
199,375.25 73,946.85 0.00 0.00 273,322.10
150 Days 4 0 0 0 4
302,448.46 0.00 0.00 0.00 302,448.46
180+ Days 1 0 0 0 1
64,175.83 0.00 0.00 0.00 64,175.83
Totals 25 2 0 0 27
1,546,548.72 100,470.06 0.00 0.00 1,647,018.78
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.763819% 0.251256% 0.000000% 0.000000% 3.015075%
2.366626% 0.096410% 0.000000% 0.000000% 2.463035%
60 Days 1.256281% 0.000000% 0.000000% 0.000000% 1.256281%
0.932738% 0.000000% 0.000000% 0.000000% 0.932738%
90 Days 0.251256% 0.000000% 0.000000% 0.000000% 0.251256%
0.264846% 0.000000% 0.000000% 0.000000% 0.264846%
120 Days 0.753769% 0.251256% 0.000000% 0.000000% 1.005025%
0.724711% 0.268790% 0.000000% 0.000000% 0.993502%
150 Days 1.005025% 0.000000% 0.000000% 0.000000% 1.005025%
1.099373% 0.000000% 0.000000% 0.000000% 1.099373%
180+ Days 0.251256% 0.000000% 0.000000% 0.000000% 0.251256%
0.233273% 0.000000% 0.000000% 0.000000% 0.233273%
Totals 6.281407% 0.502513% 0.000000% 0.000000% 6.783920%
5.621567% 0.365200% 0.000000% 0.000000% 5.986767%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
GROUP IV
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 9 0 0 0 9
2,851,406.00 0.00 0.00 0.00 2,851,406.00
60 Days 4 0 0 0 4
1,123,004.79 0.00 0.00 0.00 1,123,004.79
90 Days 0 0 3 0 3
0.00 0.00 634,621.29 0.00 634,621.29
120 Days 0 0 3 0 3
0.00 0.00 1,106,084.63 0.00 1,106,084.63
150 Days 0 0 2 0 2
0.00 0.00 680,358.42 0.00 680,358.42
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 13 0 8 0 21
3,974,410.79 0.00 2,421,064.34 0.00 6,395,475.13
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.621622% 0.000000% 0.000000% 0.000000% 1.621622%
1.716727% 0.000000% 0.000000% 0.000000% 1.716727%
60 Days 0.720721% 0.000000% 0.000000% 0.000000% 0.720721%
0.676120% 0.000000% 0.000000% 0.000000% 0.676120%
90 Days 0.000000% 0.000000% 0.540541% 0.000000% 0.540541%
0.000000% 0.000000% 0.382082% 0.000000% 0.382082%
120 Days 0.000000% 0.000000% 0.540541% 0.000000% 0.540541%
0.000000% 0.000000% 0.665933% 0.000000% 0.665933%
150 Days 0.000000% 0.000000% 0.360360% 0.000000% 0.360360%
0.000000% 0.000000% 0.409619% 0.000000% 0.409619%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.342342% 0.000000% 1.441441% 0.000000% 3.783784%
2.392847% 0.000000% 1.457634% 0.000000% 3.850482%
180+ Delinquency Summary
Summary GROUP I
Days Number of Aggregate Percentage of Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%) Loans Oustanding Balance(%)
Balance($) Balance($)
<s> <c> <c> <c> <c> <c> <c>
180 - 209 2 276,537.53 0.059 0 0.00 0.000
Total 2 276,537.53 0.059 0 0.00 0.000
180+ Delinquency Summary (continued)
GROUP III
GROUP II
Number of Aggregate Percentage of
Days Number of Aggregate Percentage of Loans Oustanding Balance(%)
Delinquent Loans Outstanding Balance(%) Balance($)
Balance($)
<s> <c> <c> <c> <c> <c> <c>
180 - 209 1 212,361.70 0.090 1 64,175.83 0.233
Total 1 212,361.70 0.090 1 64,175.83 0.233
180+ Delinquency Summary (continued)
GROUP IV
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
180 - 209 0 0.00 0.000
Total 0 0.00 0.000
<FN>
This report includes all loans greater than 180 days delinquent
regardless of status (REO, Foreclosure, Bankruptcy).
</FN>
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 1 Jan-05 0.000%
Original Principal Balance 188,100.00 Feb-05 0.000%
Current Principal Balance 187,490.97 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 1 Jun-05 0.000%
Original Principal Balance 188,100.00 Jul-05 0.000%
Current Principal Balance 187,490.97 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.040%
*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 I 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 II 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 1 Jan-05 0.000%
Original Principal Balance 188,100.00 Feb-05 0.000%
Current Principal Balance 187,490.97 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 1 Jun-05 0.000%
Original Principal Balance 188,100.00 Jul-05 0.000%
Current Principal Balance 187,490.97 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.080%
*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 III 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 IV 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 II 0110441080 Dec-2005 01-Apr-2005 TX 95.00 188,100.00
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 II 0110441080 187,490.97 01-Sep-2005 1 9.150% 4,052.23
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 30 Jan-05 0.000%
Original Principal Balance 5,791,245.00 Feb-05 0.000%
Current Principal Balance 5,784,063.30 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 36 Jun-05 0.000%
Original Principal Balance 7,287,810.00 Jul-05 0.000%
Current Principal Balance 7,278,117.59 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.458%
Nov-05 0.366%
Dec-05 1.549%
*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 I 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 85,000.00 Feb-05 0.000%
Current Principal Balance 84,853.22 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 1 Jun-05 0.000%
Original Principal Balance 85,000.00 Jul-05 0.000%
Current Principal Balance 84,853.22 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.209%
*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 II 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 21 Jan-05 0.000%
Original Principal Balance 3,283,595.00 Feb-05 0.000%
Current Principal Balance 3,278,145.74 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 27 Jun-05 0.000%
Original Principal Balance 4,780,160.00 Jul-05 0.000%
Current Principal Balance 4,772,200.03 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.759%
Nov-05 0.721%
Dec-05 2.026%
*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 III 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.
GROUP IV 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 8 Jan-05 0.000%
Original Principal Balance 2,422,650.00 Feb-05 0.000%
Current Principal Balance 2,421,064.34 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 8 Jun-05 0.000%
Original Principal Balance 2,422,650.00 Jul-05 0.000%
Current Principal Balance 2,421,064.34 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.207%
Nov-05 0.000%
Dec-05 1.458%
*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 I 0110440348 Dec-2005 01-Apr-2005 CA 35.42 85,000.00
GROUP II 0110440394 Dec-2005 01-Apr-2005 IL 80.00 200,000.00
GROUP II 0110440414 Oct-2005 01-Apr-2005 CA 80.00 260,000.00
GROUP II 0110440515 Dec-2005 01-Apr-2005 CA 80.00 256,800.00
GROUP II 0110440585 Dec-2005 01-Apr-2005 CA 85.00 259,250.00
GROUP II 0110440688 Oct-2005 01-Apr-2005 IL 80.00 268,000.00
GROUP II 0110440689 Oct-2005 01-Apr-2005 CA 77.50 310,000.00
GROUP II 0110440730 Dec-2005 01-Apr-2005 UT 80.00 248,951.00
GROUP II 0110440762 Nov-2005 01-Apr-2005 IL 80.00 132,000.00
GROUP II 0110440909 Oct-2005 01-Apr-2005 CA 80.00 332,000.00
GROUP II 0110440994 Dec-2005 01-Apr-2005 CA 80.00 148,000.00
GROUP II 0110441032 Dec-2005 01-Apr-2005 TX 80.00 110,320.00
GROUP II 0110441380 Dec-2005 01-Apr-2005 CA 42.62 130,000.00
GROUP II 0110444249 Dec-2005 01-May-2005 FL 85.00 124,950.00
GROUP II 0110444279 Dec-2005 01-May-2005 CO 80.00 166,400.00
GROUP II 0110444532 Nov-2005 01-Apr-2005 FL 85.00 194,565.00
GROUP II 0110444572 Dec-2005 01-May-2005 TX 80.00 50,000.00
GROUP II 0110444609 Dec-2005 01-May-2005 TX 78.13 50,000.00
GROUP II 0110450459 Dec-2005 01-May-2005 UT 80.00 118,400.00
GROUP II 0110450536 Dec-2005 01-May-2005 MO 80.00 71,120.00
GROUP II 0110450978 Dec-2005 01-May-2005 IL 80.00 264,000.00
GROUP II 0110450995 Dec-2005 01-May-2005 CA 80.00 239,200.00
GROUP II 0110451514 Dec-2005 01-Jun-2005 TX 80.00 138,760.00
GROUP II 0110451593 Dec-2005 01-May-2005 IL 75.00 119,194.00
GROUP II 0110451941 Dec-2005 01-Jun-2005 TX 80.00 176,000.00
GROUP II 0110451972 Dec-2005 01-May-2005 CA 80.00 140,000.00
GROUP II 0110452035 Dec-2005 01-May-2005 MO 85.00 68,000.00
GROUP II 0110452064 Dec-2005 01-Mar-2005 CO 95.00 204,250.00
GROUP IV 0110441323 Dec-2005 01-Apr-2005 CA 80.00 241,600.00
GROUP IV 0110444450 Dec-2005 01-May-2005 CA 80.00 391,600.00
GROUP IV 0110450737 Dec-2005 01-May-2005 IL 80.00 296,000.00
GROUP IV 0110450812 Dec-2005 01-May-2005 IL 80.00 129,600.00
GROUP IV 0110450968 Dec-2005 01-May-2005 CO 80.00 180,800.00
GROUP IV 0110450994 Dec-2005 01-May-2005 CA 85.00 419,050.00
GROUP IV 0110451062 Dec-2005 01-May-2005 FL 80.00 264,000.00
GROUP IV 0110451940 Dec-2005 01-May-2005 IL 80.00 500,000.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
GROUP I 0110440348 84,853.22 01-May-2005 5 6.750% 3,085.43
GROUP II 0110440394 198,860.77 01-Nov-2005 0 7.820% 2,426.99
GROUP II 0110440414 259,485.97 01-May-2005 5 6.050% 8,375.52
GROUP II 0110440515 256,365.60 01-May-2005 5 6.870% 9,501.81
GROUP II 0110440585 258,344.31 01-Jul-2005 3 6.720% 6,683.46
GROUP II 0110440688 267,584.72 01-May-2005 5 7.300% 10,589.01
GROUP II 0110440689 309,162.84 01-Jun-2005 4 6.550% 9,335.00
GROUP II 0110440730 248,225.64 01-Jul-2005 3 7.650% 7,384.03
GROUP II 0110440762 131,794.44 01-May-2005 5 7.275% 5,196.20
GROUP II 0110440909 331,696.93 01-May-2005 5 6.450% 11,477.61
GROUP II 0110440994 148,000.00 01-Jul-2005 3 6.500% 3,700.00
GROUP II 0110441032 110,144.57 01-May-2005 5 7.220% 4,307.26
GROUP II 0110441380 129,738.94 01-Jul-2005 3 9.500% 4,860.22
GROUP II 0110444249 124,950.00 01-Jul-2005 3 7.800% 3,800.60
GROUP II 0110444279 166,400.00 01-Jul-2005 3 6.550% 4,194.70
GROUP II 0110444532 194,329.39 01-May-2005 5 8.520% 9,074.46
GROUP II 0110444572 49,903.67 01-Jul-2005 3 8.250% 1,609.35
GROUP II 0110444609 49,940.43 01-Jun-2005 4 8.600% 2,019.50
GROUP II 0110450459 118,308.91 01-May-2005 5 7.320% 4,695.67
GROUP II 0110450536 70,969.03 01-Jul-2005 3 7.770% 2,146.65
GROUP II 0110450978 263,305.47 01-Jul-2005 3 7.120% 7,251.20
GROUP II 0110450995 239,200.00 01-May-2005 5 6.850% 8,860.32
GROUP II 0110451514 138,611.15 01-Jun-2005 4 7.670% 4,960.13
GROUP II 0110451593 118,850.20 01-Jun-2005 4 7.890% 4,383.68
GROUP II 0110451941 175,846.08 01-Jun-2005 4 6.670% 5,412.84
GROUP II 0110451972 140,000.00 01-Aug-2005 2 7.470% 3,252.68
GROUP II 0110452035 67,930.97 01-Jun-2005 4 9.370% 3,008.81
GROUP II 0110452064 204,250.00 01-Jun-2005 4 8.950% 8,629.56
GROUP IV 0110441323 241,600.00 01-Jul-2005 3 5.690% 5,224.60
GROUP IV 0110444450 391,600.00 01-Jun-2005 4 6.750% 12,237.48
GROUP IV 0110450737 296,000.00 01-Jun-2005 4 8.320% 11,573.64
GROUP IV 0110450812 129,600.00 01-Jul-2005 3 7.845% 3,966.30
GROUP IV 0110450968 180,800.00 01-May-2005 5 7.420% 7,298.34
GROUP IV 0110450994 418,484.63 01-Jun-2005 4 7.990% 15,645.28
GROUP IV 0110451062 263,421.29 01-Jul-2005 3 7.470% 7,656.92
GROUP IV 0110451940 499,558.42 01-May-2005 5 6.620% 17,786.26
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 3 Jan-05 0.000%
Original Principal Balance 267,400.00 Feb-05 0.000%
Current Principal Balance 267,190.82 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 8 Jun-05 0.000%
Original Principal Balance 736,400.00 Jul-05 0.000%
Current Principal Balance 735,197.15 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.073%
Nov-05 0.147%
Dec-05 0.157%
*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 I 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 1 Jan-05 0.000%
Original Principal Balance 33,000.00 Feb-05 0.000%
Current Principal Balance 32,962.54 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 2 Jun-05 0.000%
Original Principal Balance 57,700.00 Jul-05 0.000%
Current Principal Balance 57,639.14 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.058%
Nov-05 0.060%
Dec-05 0.142%
*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 II 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 1 Jan-05 0.000%
Original Principal Balance 160,400.00 Feb-05 0.000%
Current Principal Balance 160,281.43 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 4 Jun-05 0.000%
Original Principal Balance 578,100.00 Jul-05 0.000%
Current Principal Balance 577,087.95 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.135%
Nov-05 0.268%
Dec-05 0.245%
*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 III 12 Month Bankruptcy History*
New Bankruptcy Loans Month Bankruptcy Percentage
<s> <c> <s> <c>
Loans in Bankruptcy 1 Jan-05 0.000%
Original Principal Balance 74,000.00 Feb-05 0.000%
Current Principal Balance 73,946.85 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 2 Jun-05 0.000%
Original Principal Balance 100,600.00 Jul-05 0.000%
Current Principal Balance 100,470.06 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.094%
Dec-05 0.365%
*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 IV 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 I 0110440761 Dec-2005 01-Apr-2005 IL 100.00 33,000.00
GROUP I 0110451607 Oct-2005 01-May-2005 TX 100.00 24,700.00
GROUP II 0110440382 Nov-2005 01-Apr-2005 TX 80.00 106,400.00
GROUP II 0110440709 Nov-2005 01-Apr-2005 IL 85.00 212,500.00
GROUP II 0110444318 Dec-2005 01-May-2005 UT 80.00 160,400.00
GROUP II 0110451637 Oct-2005 01-May-2005 TX 80.00 98,800.00
GROUP III 0110440381 Nov-2005 01-Apr-2005 TX 100.00 26,600.00
GROUP III 0110450735 Dec-2005 01-May-2005 IL 100.00 74,000.00
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)
Group Loan Current Paid To Months Current Approximate
Number Principal Date Delinquent Loan Rate Delinquent
Balance Interest
<s> <c> <c> <c> <c> <c> <c>
GROUP I 0110440761 32,962.54 01-Jun-2005 4 10.770% 1,690.98
GROUP I 0110451607 24,676.60 01-Jun-2005 4 9.700% 1,133.74
GROUP II 0110440382 105,782.79 01-Sep-2005 1 6.220% 1,511.19
GROUP II 0110440709 212,361.70 01-Apr-2005 6 8.150% 9,452.33
GROUP II 0110444318 160,281.43 01-May-2005 5 7.520% 6,548.72
GROUP II 0110451637 98,662.03 01-Jun-2005 4 7.820% 3,604.61
GROUP III 0110440381 26,523.21 01-Sep-2005 1 9.700% 609.73
GROUP III 0110450735 73,946.85 01-Jun-2005 4 10.990% 3,874.92
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 I 0 0.00 0.00 0.000%
GROUP II 0 0.00 0.00 0.000%
GROUP III 0 0.00 0.00 0.000%
GROUP IV 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 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 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 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 I
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 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 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 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 II
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 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 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 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 III
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 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 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 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 IV
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 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 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 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 I 17 724,998.00 722,566.19 0 0.00 0.00
GROUP II 55 11,433,359.00 11,377,872.65 0 0.00 0.00
GROUP III 9 631,510.00 629,441.66 0 0.00 0.00
GROUP IV 14 4,131,910.00 4,124,297.61 0 0.00 0.00
Total 95 16,921,777.00 16,854,178.11 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 I 0 0.00 0.00 0 0.00 0.00 4,895.24
GROUP II 0 0.00 0.00 0 0.00 0.00 6,523.77
GROUP III 0 0.00 0.00 0 0.00 0.00 1,087.23
GROUP IV 0 0.00 0.00 0 0.00 0.00 5,837.90
Total 0 0.00 0.00 0 0.00 0.00 18,344.14
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 I 0110440263 FL 100.00 01-Apr-2005 31,400.00 31,267.99
GROUP I 0110440315 IL 100.00 01-Apr-2005 21,400.00 21,332.32
GROUP I 0110440545 UT 100.00 01-Apr-2005 58,000.00 57,780.53
GROUP I 0110440621 FL 94.23 01-Mar-2005 49,000.00 48,736.40
GROUP I 0110440872 AZ 95.00 01-Apr-2005 33,000.00 32,814.82
GROUP I 0110440894 CA 100.00 01-Apr-2005 33,000.00 32,878.27
GROUP I 0110440978 FL 100.00 01-Apr-2005 59,000.00 58,776.19
GROUP I 0110441302 CA 100.00 01-Apr-2005 53,000.00 52,799.02
GROUP I 0110443965 IL 100.00 01-May-2005 41,400.00 41,249.08
GROUP I 0110444048 CA 90.00 01-May-2005 33,840.00 33,729.03
GROUP I 0110444062 FL 100.00 01-May-2005 37,980.00 37,864.42
GROUP I 0110444088 WI 100.00 01-Apr-2005 60,000.00 59,759.00
GROUP I 0110444101 FL 100.00 01-Apr-2005 28,378.00 28,271.07
GROUP I 0110450531 CA 100.00 01-May-2005 38,600.00 38,416.74
GROUP I 0110450864 LA 100.00 01-May-2005 24,000.00 23,931.50
GROUP I 0110451005 CA 100.00 01-May-2005 62,000.00 61,816.90
GROUP I 0110451688 CA 100.00 01-May-2005 61,000.00 60,819.89
GROUP II 0110440270 FL 80.00 01-Apr-2005 125,600.00 124,636.61
GROUP II 0110440317 IL 80.00 01-Apr-2005 85,600.00 85,097.02
GROUP II 0110440361 CA 80.00 01-Apr-2005 192,000.00 190,316.24
GROUP II 0110440445 IL 57.80 01-Apr-2005 100,000.00 99,347.53
GROUP II 0110440510 CA 90.00 01-Apr-2005 274,500.00 272,434.43
GROUP II 0110440534 WI 75.00 01-Apr-2005 307,500.00 305,775.15
GROUP II 0110440547 UT 80.00 01-Apr-2005 232,000.00 230,154.16
GROUP II 0110440633 CA 90.00 01-Apr-2005 298,350.00 295,817.58
GROUP II 0110440727 FL 74.72 01-Apr-2005 198,000.00 198,000.00
GROUP II 0110440921 FL 86.96 01-Apr-2005 120,000.00 119,277.70
GROUP II 0110440922 FL 80.00 01-Apr-2005 180,000.00 180,000.00
GROUP II 0110440979 FL 80.00 01-Apr-2005 236,000.00 233,862.90
GROUP II 0110441013 CO 82.00 01-Apr-2005 160,720.00 159,713.15
GROUP II 0110441067 CA 80.00 01-Mar-2005 240,000.00 237,999.68
GROUP II 0110441224 CA 75.00 01-Apr-2005 217,500.00 215,935.48
GROUP II 0110441303 CA 80.00 01-Apr-2005 212,000.00 212,000.00
GROUP II 0110444183 CA 46.42 01-May-2005 123,000.00 122,135.89
GROUP II 0110444207 CA 74.55 01-May-2005 205,000.00 203,206.06
GROUP II 0110444233 IL 80.00 01-May-2005 165,600.00 164,407.16
GROUP II 0110444372 KS 68.09 01-May-2005 160,000.00 159,213.06
GROUP II 0110444376 CA 80.00 01-May-2005 148,000.00 147,129.79
GROUP II 0110444403 CA 80.00 01-Apr-2005 340,000.00 337,382.12
GROUP II 0110444406 CA 85.00 01-Apr-2005 297,500.00 294,864.24
GROUP II 0110444434 AZ 80.00 01-Apr-2005 98,880.00 98,266.67
GROUP II 0110444482 FL 80.00 01-May-2005 151,920.00 150,887.27
GROUP II 0110444497 CA 80.00 01-Apr-2005 316,000.00 313,333.86
GROUP II 0110444499 CA 78.75 01-Apr-2005 315,000.00 312,616.57
GROUP II 0110444533 CA 89.88 01-May-2005 188,750.00 187,182.33
GROUP II 0110444561 WI 80.00 01-Apr-2005 240,000.00 238,441.69
GROUP II 0110444570 IL 77.39 01-Apr-2005 89,000.00 88,262.75
GROUP II 0110444581 CA 80.00 01-Apr-2005 328,000.00 328,000.00
GROUP II 0110450268 IL 84.83 01-May-2005 246,000.00 244,777.77
GROUP II 0110450343 CA 80.00 01-May-2005 368,000.00 368,000.00
GROUP II 0110450420 CA 95.00 01-May-2005 336,889.00 335,270.99
GROUP II 0110450527 IL 95.00 01-May-2005 300,200.00 298,496.94
GROUP II 0110450532 CA 80.00 01-May-2005 154,400.00 154,314.34
GROUP II 0110450564 CA 62.96 01-May-2005 255,000.00 253,076.82
GROUP II 0110450654 IL 95.00 01-May-2005 156,750.00 156,046.76
GROUP II 0110450744 IL 85.00 01-May-2005 166,600.00 165,641.57
GROUP II 0110450877 LA 80.00 01-May-2005 96,000.00 96,000.00
GROUP II 0110451006 CA 80.00 01-May-2005 248,000.00 248,000.00
GROUP II 0110451072 FL 90.00 01-May-2005 177,750.00 176,319.71
GROUP II 0110451151 CA 85.00 01-May-2005 146,200.00 145,197.46
GROUP II 0110451203 CA 85.00 01-May-2005 191,250.00 191,250.00
GROUP II 0110451268 TX 80.00 01-May-2005 312,000.00 310,434.06
GROUP II 0110451449 IL 90.00 01-May-2005 256,500.00 256,500.00
GROUP II 0110451506 IL 80.00 01-May-2005 184,000.00 182,831.65
GROUP II 0110451527 CA 65.00 01-May-2005 234,000.00 232,551.67
GROUP II 0110451531 UT 80.00 01-May-2005 120,000.00 119,309.61
GROUP II 0110451711 CA 80.00 01-May-2005 324,000.00 321,634.61
GROUP II 0110451720 UT 90.00 01-May-2005 90,900.00 90,350.47
GROUP II 0110451816 AZ 90.00 01-Jun-2005 166,500.00 166,499.93
GROUP II 0110451962 CA 41.36 01-May-2005 182,000.00 180,779.50
GROUP II 0110452024 CA 70.37 01-May-2005 190,000.00 188,457.13
GROUP II 0110465480 CA 80.00 01-Jun-2005 184,000.00 182,976.81
GROUP III 0110440948 CA 100.00 01-Apr-2005 93,790.00 93,391.03
GROUP III 0110443927 CA 100.00 01-May-2005 77,000.00 76,718.74
GROUP III 0110444022 CA 100.00 01-May-2005 47,000.00 46,808.94
GROUP III 0110444027 CA 100.00 01-Apr-2005 85,000.00 84,672.85
GROUP III 0110444042 AZ 100.00 01-Apr-2005 24,720.00 24,637.50
GROUP III 0110444068 CA 100.00 01-Apr-2005 79,000.00 78,691.36
GROUP III 0110451503 IL 100.00 01-May-2005 46,000.00 45,867.36
GROUP III 0110451710 CA 100.00 01-May-2005 81,000.00 80,734.46
GROUP III 0110451763 CA 100.00 01-May-2005 98,000.00 97,642.09
GROUP IV 0110440658 CA 95.00 01-Apr-2005 427,500.00 424,424.96
GROUP IV 0110440831 IL 88.65 01-Apr-2005 250,000.00 249,926.77
GROUP IV 0110440927 CA 80.00 01-Apr-2005 132,000.00 132,000.00
GROUP IV 0110440955 CA 80.00 01-Apr-2005 375,160.00 372,354.27
GROUP IV 0110441102 CA 80.00 01-Apr-2005 140,000.00 140,000.00
GROUP IV 0110444159 CA 80.00 01-May-2005 308,000.00 308,000.00
GROUP IV 0110444231 CA 80.00 01-May-2005 280,000.00 280,000.00
GROUP IV 0110444373 CA 90.00 01-May-2005 243,000.00 242,931.79
GROUP IV 0110444391 CA 80.00 01-May-2005 188,000.00 188,000.00
GROUP IV 0110444505 CA 90.00 01-Apr-2005 414,000.00 411,457.72
GROUP IV 0110444657 CA 90.00 01-Apr-2005 468,000.00 468,000.00
GROUP IV 0110451765 CA 80.00 01-May-2005 392,000.00 392,000.00
GROUP IV 0110451810 IL 90.00 01-Jun-2005 315,000.00 315,000.00
GROUP IV 0110465586 CA 66.42 01-May-2005 199,250.00 199,242.95
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 I 0110440263 Loan Paid in Full 0 9.900% 180 8
GROUP I 0110440315 Loan Paid in Full 0 11.240% 180 8
GROUP I 0110440545 Loan Paid in Full (1) 10.400% 180 8
GROUP I 0110440621 Loan Paid in Full (1) 9.240% 180 9
GROUP I 0110440872 Loan Paid in Full (1) 8.500% 180 8
GROUP I 0110440894 Loan Paid in Full 0 10.520% 180 8
GROUP I 0110440978 Loan Paid in Full 0 10.390% 180 8
GROUP I 0110441302 Loan Paid in Full 0 10.390% 180 8
GROUP I 0110443965 Loan Paid in Full (1) 10.000% 180 7
GROUP I 0110444048 Loan Paid in Full (1) 10.500% 180 7
GROUP I 0110444062 Loan Paid in Full 0 10.850% 180 7
GROUP I 0110444088 Loan Paid in Full 0 10.740% 180 8
GROUP I 0110444101 Loan Paid in Full (1) 10.420% 180 8
GROUP I 0110450531 Loan Paid in Full 0 8.990% 180 7
GROUP I 0110450864 Loan Paid in Full (3) 11.150% 180 7
GROUP I 0110451005 Loan Paid in Full 0 10.990% 180 7
GROUP I 0110451688 Loan Paid in Full 0 10.990% 180 7
GROUP II 0110440270 Loan Paid in Full 0 6.920% 360 8
GROUP II 0110440317 Loan Paid in Full 0 8.270% 360 8
GROUP II 0110440361 Loan Paid in Full 0 6.220% 360 8
GROUP II 0110440445 Loan Paid in Full 0 7.750% 360 8
GROUP II 0110440510 Loan Paid in Full 0 7.820% 360 8
GROUP II 0110440534 Loan Paid in Full (1) 8.500% 360 8
GROUP II 0110440547 Loan Paid in Full (1) 6.730% 360 8
GROUP II 0110440633 Loan Paid in Full 0 6.400% 360 8
GROUP II 0110440727 Loan Paid in Full (1) 6.630% 360 8
GROUP II 0110440921 Loan Paid in Full 0 8.150% 360 8
GROUP II 0110440922 Loan Paid in Full 0 7.670% 360 8
GROUP II 0110440979 Loan Paid in Full 0 6.050% 360 8
GROUP II 0110441013 Loan Paid in Full 0 7.950% 360 8
GROUP II 0110441067 Loan Paid in Full 0 7.050% 360 9
GROUP II 0110441224 Loan Paid in Full 0 7.250% 360 8
GROUP II 0110441303 Loan Paid in Full 0 7.250% 360 8
GROUP II 0110444183 Loan Paid in Full 0 6.750% 360 7
GROUP II 0110444207 Loan Paid in Full 0 5.590% 360 7
GROUP II 0110444233 Loan Paid in Full (1) 6.620% 360 7
GROUP II 0110444372 Loan Paid in Full 0 8.550% 360 7
GROUP II 0110444376 Loan Paid in Full 2 8.000% 360 7
GROUP II 0110444403 Loan Paid in Full 0 6.900% 360 8
GROUP II 0110444406 Loan Paid in Full 0 7.820% 360 8
GROUP II 0110444434 Loan Paid in Full 4 8.000% 360 8
GROUP II 0110444482 Loan Paid in Full 0 6.920% 360 7
GROUP II 0110444497 Loan Paid in Full 0 6.650% 360 8
GROUP II 0110444499 Loan Paid in Full 0 6.990% 360 8
GROUP II 0110444533 Loan Paid in Full 0 5.870% 360 7
GROUP II 0110444561 Loan Paid in Full 0 7.770% 360 8
GROUP II 0110444570 Loan Paid in Full (1) 6.520% 360 8
GROUP II 0110444581 Loan Paid in Full 0 5.990% 360 8
GROUP II 0110450268 Loan Paid in Full 3 8.500% 360 7
GROUP II 0110450343 Loan Paid in Full (1) 7.250% 360 7
GROUP II 0110450420 Loan Paid in Full 2 7.990% 360 7
GROUP II 0110450527 Loan Paid in Full 0 7.840% 360 7
GROUP II 0110450532 Loan Paid in Full 0 6.500% 360 7
GROUP II 0110450564 Loan Paid in Full 0 6.380% 360 7
GROUP II 0110450654 Loan Paid in Full (1) 9.000% 360 7
GROUP II 0110450744 Loan Paid in Full (1) 7.770% 360 7
GROUP II 0110450877 Loan Paid in Full (2) 7.250% 360 7
GROUP II 0110451006 Loan Paid in Full 0 7.420% 360 7
GROUP II 0110451072 Loan Paid in Full 0 6.250% 360 7
GROUP II 0110451151 Loan Paid in Full (1) 6.875% 360 7
GROUP II 0110451203 Loan Paid in Full 0 7.670% 360 7
GROUP II 0110451268 Loan Paid in Full 0 8.450% 360 7
GROUP II 0110451449 Loan Paid in Full 1 7.950% 360 7
GROUP II 0110451506 Loan Paid in Full (1) 7.270% 360 7
GROUP II 0110451527 Loan Paid in Full (1) 7.400% 360 7
GROUP II 0110451531 Loan Paid in Full (1) 7.770% 360 7
GROUP II 0110451711 Loan Paid in Full 0 6.550% 360 7
GROUP II 0110451720 Loan Paid in Full (1) 7.520% 360 7
GROUP II 0110451816 Loan Paid in Full 0 7.420% 360 6
GROUP II 0110451962 Loan Paid in Full 0 6.990% 360 7
GROUP II 0110452024 Loan Paid in Full 0 5.990% 360 7
GROUP II 0110465480 Loan Paid in Full 1 7.250% 360 6
GROUP III 0110440948 Loan Paid in Full 0 10.390% 180 8
GROUP III 0110443927 Loan Paid in Full (1) 9.990% 180 7
GROUP III 0110444022 Loan Paid in Full (1) 9.500% 180 7
GROUP III 0110444027 Loan Paid in Full 0 10.990% 180 8
GROUP III 0110444042 Loan Paid in Full 2 10.990% 180 8
GROUP III 0110444068 Loan Paid in Full 0 10.250% 180 8
GROUP III 0110451503 Loan Paid in Full (1) 11.100% 180 7
GROUP III 0110451710 Loan Paid in Full 0 10.500% 180 7
GROUP III 0110451763 Loan Paid in Full (1) 9.990% 180 7
GROUP IV 0110440658 Loan Paid in Full (1) 7.250% 360 8
GROUP IV 0110440831 Loan Paid in Full (1) 6.990% 360 8
GROUP IV 0110440927 Loan Paid in Full 0 8.150% 360 8
GROUP IV 0110440955 Loan Paid in Full 0 7.050% 360 8
GROUP IV 0110441102 Loan Paid in Full (1) 7.070% 360 8
GROUP IV 0110444159 Loan Paid in Full (1) 6.620% 360 7
GROUP IV 0110444231 Loan Paid in Full 0 6.620% 360 7
GROUP IV 0110444373 Loan Paid in Full 0 6.700% 360 7
GROUP IV 0110444391 Loan Paid in Full (1) 7.380% 360 7
GROUP IV 0110444505 Loan Paid in Full (1) 8.050% 360 8
GROUP IV 0110444657 Loan Paid in Full 0 7.375% 360 8
GROUP IV 0110451765 Loan Paid in Full (1) 6.600% 360 7
GROUP IV 0110451810 Loan Paid in Full (1) 8.170% 360 6
GROUP IV 0110465586 Loan Paid in Full 0 5.970% 360 7
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 3.467% Current Month 34.517% Current Month 2,357.596%
3 Month Average 3.463% 3 Month Average 34.487% 3 Month Average 2,770.766%
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 11.467% N/A Jun-2005 4,275.975% N/A
Jul-2005 21.945% N/A Jul-2005 4,684.616% N/A
Aug-2005 19.485% N/A Aug-2005 2,917.918% N/A
Sep-2005 29.700% N/A Sep-2005 3,424.821% N/A
Oct-2005 34.225% N/A Oct-2005 3,210.076% N/A
Nov-2005 34.720% N/A Nov-2005 2,744.627% N/A
Dec-2005 34.517% N/A Dec-2005 2,357.596% 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 I
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 1.764% Current Month 19.227% Current Month 1,324.577%
3 Month Average 2.205% 3 Month Average 23.373% 3 Month Average 1,905.341%
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 13.317% N/A Jun-2005 5,255.433% N/A
Jul-2005 13.663% N/A Jul-2005 3,006.420% N/A
Aug-2005 7.681% N/A Aug-2005 1,173.793% N/A
Sep-2005 13.994% N/A Sep-2005 1,638.056% N/A
Oct-2005 21.977% N/A Oct-2005 2,083.700% N/A
Nov-2005 28.916% N/A Nov-2005 2,307.746% N/A
Dec-2005 19.227% N/A Dec-2005 1,324.577% 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 II
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 4.608% Current Month 43.229% Current Month 2,954.696%
3 Month Average 3.904% 3 Month Average 37.872% 3 Month Average 3,019.525%
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 12.200% N/A Jun-2005 4,585.593% N/A
Jul-2005 21.288% N/A Jul-2005 4,566.790% N/A
Aug-2005 20.967% N/A Aug-2005 3,150.417% N/A
Sep-2005 35.857% N/A Sep-2005 4,143.526% N/A
Oct-2005 36.248% N/A Oct-2005 3,403.434% N/A
Nov-2005 34.140% N/A Nov-2005 2,700.444% N/A
Dec-2005 43.229% N/A Dec-2005 2,954.696% 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 III
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.240% Current Month 23.805% Current Month 1,637.036%
3 Month Average 3.109% 3 Month Average 31.358% 3 Month Average 2,584.168%
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 15.288% N/A Jun-2005 5,817.789% N/A
Jul-2005 13.074% N/A Jul-2005 2,826.166% N/A
Aug-2005 21.569% N/A Aug-2005 3,265.148% N/A
Sep-2005 11.016% N/A Sep-2005 1,282.203% N/A
Oct-2005 34.353% N/A Oct-2005 3,253.431% N/A
Nov-2005 35.917% N/A Nov-2005 2,862.038% N/A
Dec-2005 23.805% N/A Dec-2005 1,637.036% 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 IV
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.426% Current Month 25.525% Current Month 1,736.140%
3 Month Average 3.184% 3 Month Average 32.033% 3 Month Average 2,594.555%
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 9.301% N/A Jun-2005 3,375.633% N/A
Jul-2005 25.971% N/A Jul-2005 5,456.010% N/A
Aug-2005 19.505% N/A Aug-2005 2,887.958% N/A
Sep-2005 26.263% N/A Sep-2005 3,004.207% N/A
Oct-2005 33.904% N/A Oct-2005 3,161.907% N/A
Nov-2005 36.669% N/A Nov-2005 2,885.618% N/A
Dec-2005 25.525% N/A Dec-2005 1,736.140% 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