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-SD2
(Exact name of registrant as specified in its charter)
New York (governing law of 333-123741-04
Pooling and Servicing Agreement) (Commission 54-2176704
(State or other File Number) 54-2176705
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-SD2 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-SD2 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-SD2 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-SD2 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-SD2
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
A-1 004421QD8 4.59375% 83,281,864.35 340,067.61
M-1 004421QE6 4.89375% 18,371,000.00 79,913.85
M-2 004421QF3 5.69375% 10,636,000.00 53,829.98
M-3 004421QG1 7.19375% 5,640,000.00 36,064.67
M-4 004421QH9 7.19375% 3,142,000.00 6,233.24
M-5 004421QJ5 7.19375% 2,417,000.00 0.00
CE-1 ACE05SD2CE1 0.00000% 10,904,721.23 0.00
CE-2 ACE05SD2CE2 0.00000% 0.00 29,298.74
P ACE05SD2P 0.00000% 100.00 27,796.97
R ACE5SD2R1 0.00000% 0.00 0.00
Totals 134,392,685.58 573,205.06
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
A-1 3,761,924.19 0.00 79,519,940.16 4,101,991.80 0.00
M-1 0.00 0.00 18,371,000.00 79,913.85 0.00
M-2 0.00 0.00 10,636,000.00 53,829.98 0.00
M-3 0.00 0.00 5,640,000.00 36,064.67 0.00
M-4 0.00 0.00 3,142,000.00 6,233.24 0.00
M-5 0.00 0.00 2,417,000.00 0.00 0.00
CE-1 0.00 0.00 10,861,104.57 0.00 0.00
CE-2 0.00 0.00 0.00 29,298.74 0.00
P 0.00 0.00 100.00 27,796.97 0.00
R 0.00 0.00 0.00 0.00 0.00
Totals 3,761,924.19 0.00 130,587,144.73 4,335,129.25 0.00
<FN>
This report has been compiled from information provided to Wells Fargo Bank, N.A., by various
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.
Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received
from these third parties and assumes no duty to do so.Wells Fargo Bank, N.A., expressly
disclaims any responsibility for the accuracy or completeness of information furnished by
third parties.
</FN>
Principal Distribution Statement
Class Original Beginning Scheduled UnScheduled Accretion Realized
Face Certificate Principal Principal Loss
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1 113,125,000.00 83,281,864.35 0.00 3,761,924.19 0.00 0.00
M-1 18,371,000.00 18,371,000.00 0.00 0.00 0.00 0.00
M-2 10,636,000.00 10,636,000.00 0.00 0.00 0.00 0.00
M-3 5,640,000.00 5,640,000.00 0.00 0.00 0.00 0.00
M-4 3,142,000.00 3,142,000.00 0.00 0.00 0.00 0.00
M-5 2,417,000.00 2,417,000.00 0.00 0.00 0.00 0.00
CE-1 7,818,982.03 10,904,721.23 0.00 0.00 0.00 0.00
CE-2 0.00 0.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 161,150,082.03 134,392,685.58 0.00 3,761,924.19 0.00 0.00
Principal Distribution Statement (continued)
Class Total Ending Ending Total
Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
A-1 3,761,924.19 79,519,940.16 0.702939 3,761,924.19
M-1 0.00 18,371,000.00 1.000000 0.00
M-2 0.00 10,636,000.00 1.000000 0.00
M-3 0.00 5,640,000.00 1.000000 0.00
M-4 0.00 3,142,000.00 1.000000 0.00
M-5 0.00 2,417,000.00 1.000000 0.00
CE-1 0.00 10,861,104.57 1.389069 0.00
CE-2 0.00 0.00 0.000000 0.00
P 0.00 100.00 1.000000 0.00
R 0.00 0.00 0.000000 0.00
Totals 3,761,924.19 130,587,144.73 0.810345 3,761,924.19
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
A-1 113,125,000.00 736.193276 0.000000 33.254578 0.000000
M-1 18,371,000.00 1000.000000 0.000000 0.000000 0.000000
M-2 10,636,000.00 1000.000000 0.000000 0.000000 0.000000
M-3 5,640,000.00 1000.000000 0.000000 0.000000 0.000000
M-4 3,142,000.00 1000.000000 0.000000 0.000000 0.000000
M-5 2,417,000.00 1000.000000 0.000000 0.000000 0.000000
CE-1 7,818,982.03 1394.647179 0.000000 0.000000 0.000000
CE-2 0.00 0.000000 0.000000 0.000000 0.000000
P 100.00 1000.000000 0.000000 0.000000 0.000000
R 0.00 0.000000 0.000000 0.000000 0.000000
Principal Distribution Factors Statement (continued)
Class Realized Total Ending Ending Total
Loss Principal Certificate Certificate Principal
Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1 0.000000 33.254578 702.938698 0.702939 33.254578
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
CE-1 0.000000 0.000000 1,389.068875 1.389069 0.000000
CE-2 0.000000 0.000000 0.000000 0.000000 0.000000
P 0.000000 0.000000 1,000.000000 1.000000 0.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000
Interest Distribution Statement
Class Accrual Accrual Current Beginning Current Payment of
Dates Days Certificate Certificate/ Accrued Unpaid Interest
Rate Notional Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1 11/25/05 - 12/26/05 32 4.59375% 83,281,864.35 340,067.61 0.00
M-1 11/25/05 - 12/26/05 32 4.89375% 18,371,000.00 79,913.85 0.00
M-2 11/25/05 - 12/26/05 32 5.69375% 10,636,000.00 53,829.98 0.00
M-3 11/25/05 - 12/26/05 32 7.19375% 5,640,000.00 36,064.67 0.00
M-4 11/25/05 - 12/26/05 32 7.19375% 3,142,000.00 20,091.34 0.00
M-5 11/25/05 - 12/26/05 32 7.19375% 2,417,000.00 15,455.37 0.00
CE-1 N/A N/A 0.00000% 10,904,721.23 0.00 0.00
CE-2 N/A N/A 0.00000% 0.00 0.00 0.00
P N/A N/A 0.00000% 100.00 0.00 0.00
R N/A N/A 0.00000% 0.00 0.00 0.00
Totals 545,422.82 0.00
Interest Distribution Statement (continued)
Class Current Non-Supported Total Remaining Ending
Interest Interest Interest Unpaid Interest Certificate/Notional
Shortfall(1) Shortfall Distribution Shortfall(2) Balance
<s> <c> <c> <c> <c> <c>
A-1 0.00 0.00 340,067.61 0.00 79,519,940.16
M-1 0.00 0.00 79,913.85 0.00 18,371,000.00
M-2 0.00 0.00 53,829.98 0.00 10,636,000.00
M-3 0.00 0.00 36,064.67 0.00 5,640,000.00
M-4 13,858.10 0.00 6,233.24 13,858.10 3,142,000.00
M-5 15,455.37 0.00 0.00 15,455.37 2,417,000.00
CE-1 0.00 0.00 0.00 0.00 10,861,104.57
CE-2 0.00 0.00 29,298.74 0.00 0.00
P 0.00 0.00 27,796.97 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00
Totals 29,313.47 0.00 573,205.06 29,313.47
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable
</FN>
Interest Distribution Factors Statement
Class Accrual Original Current Beginning Current Payment of
Dates Face Certificate Certificate/Notional Accrued Unpaid Interest
Amount Rate Balance Interest Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1 11/25/05 - 12/26/05 113,125,000.00 4.59375% 736.193276 3.006123 0.000000
M-1 11/25/05 - 12/26/05 18,371,000.00 4.89375% 1000.000000 4.350000 0.000000
M-2 11/25/05 - 12/26/05 10,636,000.00 5.69375% 1000.000000 5.061111 0.000000
M-3 11/25/05 - 12/26/05 5,640,000.00 7.19375% 1000.000000 6.394445 0.000000
M-4 11/25/05 - 12/26/05 3,142,000.00 7.19375% 1000.000000 6.394443 13858100.000000
M-5 11/25/05 - 12/26/05 2,417,000.00 7.19375% 1000.000000 6.394444 15455370.000000
CE-1 N/A 7,818,982.03 0.00000% 1394.647179 0.000000 0.000000
CE-2 N/A 0.00 0.00000% 0.000000 0.000000 0.000000
P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000
R N/A 0.00 0.00000% 0.000000 0.000000 0.000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance
<s> <c> <c> <c> <c> <c>
A-1 0.000000 0.000000 3.006123 0.000000 702.938698
M-1 0.000000 0.000000 4.350000 0.000000 1000.000000
M-2 0.000000 0.000000 5.061111 0.000000 1000.000000
M-3 0.000000 0.000000 6.394445 0.000000 1000.000000
M-4 4.410598 0.000000 1.983845 13858100.000000 1000.000000
M-5 6.394444 0.000000 0.000000 15455370.000000 1000.000000
CE-1 0.000000 0.000000 0.000000 0.000000 1389.068875
CE-2 0.000000 0.000000 0.000000 0.000000 0.000000
P 0.000000 0.000000 277969.700000 0.000000 1000.000000
R 0.000000 0.000000 0.000000 0.000000 0.000000
<FN>
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.
Per $1 denomination.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,257,041.45
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 1,025,187.35
Realized Loss (Gains, Subsequent Expenses & Recoveries) (510,714.46)
Prepayment Penalties 27,796.97
Swap/Cap Payments 0.00
Total Deposits 4,799,311.31
Withdrawals
Swap Payments 0.00
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 402,333.93
Total Administration Fees 61,848.13
Payment of Interest and Principal 4,335,129.25
Total Withdrawals (Pool Distribution Amount) 4,799,311.31
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
ADMINISTRATION FEES
<s> <c>
Gross Servicing Fee* 53,728.56
Credit Risk Manager Fee- Risk Management Group, LLC 2,239.88
Master Servicing Fee - Wells Fargo Bank 5,879.69
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 61,848.13
<FN>
*Servicer Payees include: OCWEN FEDERAL BANK FSB; SELECT PORTFOLIO SERVICING,INC; WASHINGTON
MUTUAL MTG SEC CORP; WELLS FARGO BANK, N.A.
</FN>
Reserve Accounts
Account Name Beginning Current Withdrawals Current Deposits Ending Balance
Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 9.594371%
Weighted Average Net Coupon 9.114624%
Weighted Average Pass-Through Rate 9.042125%
Weighted Average Remaining Term 289
Beginning Scheduled Collateral Loan Count 1,437
Number Of Loans Paid In Full 44
Ending Scheduled Collateral Loan Count 1,393
Beginning Scheduled Collateral Balance 134,392,712.53
Ending Scheduled Collateral Balance 130,587,144.73
Ending Actual Collateral Balance at 30-Nov-2005 130,715,728.75
Monthly P&I Constant 1,891,955.33
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 27,796.97
Prepayment Penalty Paid Count 7
Realized Loss Amount 510,714.46
Cumulative Realized Loss 510,714.46
Scheduled Principal 947,846.44
Unscheduled Principal 2,857,721.36
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 437,897.05
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 11,763,955.99
Overcollateralized Amount 10,861,104.57
Overcollateralized Deficiency Amount 902,851.42
Base Overcollateralization Amount 0.00
Extra principal distribution Amount 437,897.05
Excess Cash Amount 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 9.594371%
Weighted Average Net Rate 9.114624%
Weighted Average Pass Through Rate 9.042125%
Weighted Average Remaining Term 289
Record Date 11/30/2005
Principal and Interest Constant 1,891,955.33
Beginning Loan Count 1,437
Loans Paid in Full 44
Ending Loan Count 1,393
Beginning Scheduled Balance 134,392,712.53
Ending Scheduled Balance 130,587,144.73
Ending Actual Balance at 30-Nov-2005 130,715,728.75
Scheduled Principal 947,846.44
Unscheduled Principal 2,857,721.36
Scheduled Interest 944,108.89
Servicing Fee 53,728.56
Master Servicing Fee 5,879.69
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 2,239.88
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 882,260.76
Realized Loss Amount 510,714.46
Cumulative Realized Loss 510,714.46
Percentage of Cumulative Losses 0.3169
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 27,796.97
Prepayment Penalty Paid Count 7
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 437,897.05
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 11,763,955.99
Overcollateralized Amount 10,861,104.57
Overcollateralized Deficiency Amount 902,851.42
Base Overcollateralization Amount 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 44 0 0 44
3,686,012.04 0.00 0.00 3,686,012.04
30 Days 134 12 0 0 146
10,929,659.15 690,541.86 0.00 0.00 11,620,201.01
60 Days 76 20 3 1 100
6,872,970.02 1,583,707.42 269,062.58 48,441.52 8,774,181.54
90 Days 37 9 9 0 55
3,057,118.74 708,500.00 923,889.84 0.00 4,689,508.58
120 Days 38 12 10 0 60
3,879,729.21 1,073,617.15 1,218,678.78 0.00 6,172,025.14
150 Days 23 12 20 0 55
1,524,248.56 946,901.81 2,846,332.21 0.00 5,317,482.58
180+ Days 29 71 41 4 145
2,255,638.16 5,773,206.83 4,330,676.39 294,878.38 12,654,399.76
Totals 337 180 83 5 605
28,519,363.84 14,462,487.11 9,588,639.80 343,319.90 52,913,810.65
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 3.158650% 0.000000% 0.000000% 3.158650%
2.819869% 0.000000% 0.000000% 2.819869%
30 Days 9.619526% 0.861450% 0.000000% 0.000000% 10.480976%
8.361396% 0.528278% 0.000000% 0.000000% 8.889673%
60 Days 5.455851% 1.435750% 0.215363% 0.071788% 7.178751%
5.257952% 1.211566% 0.205838% 0.037059% 6.712415%
90 Days 2.656138% 0.646088% 0.646088% 0.000000% 3.948313%
2.338754% 0.542016% 0.706793% 0.000000% 3.587563%
120 Days 2.727925% 0.861450% 0.717875% 0.000000% 4.307251%
2.968066% 0.821337% 0.932312% 0.000000% 4.721716%
150 Days 1.651113% 0.861450% 1.435750% 0.000000% 3.948313%
1.166079% 0.724398% 2.177498% 0.000000% 4.067975%
180+ Days 2.081838% 5.096913% 2.943288% 0.287150% 10.409189%
1.725606% 4.416612% 3.313049% 0.225588% 9.680855%
Totals 24.192391% 12.921752% 5.958363% 0.358938% 43.431443%
21.817852% 11.064076% 7.335490% 0.262646% 40.480064%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,025,187.35
Delinquency Status By Group
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
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 39 0 0 39
3,205,730.97 0.00 0.00 3,205,730.97
30 Days 98 10 0 0 108
5,417,631.11 423,841.68 0.00 0.00 5,841,472.79
60 Days 54 17 3 1 75
3,130,027.37 1,067,940.42 269,062.58 48,441.52 4,515,471.89
90 Days 33 7 7 0 47
2,374,149.84 468,315.31 613,979.64 0.00 3,456,444.79
120 Days 31 7 3 0 41
2,550,463.61 461,581.68 247,739.68 0.00 3,259,784.97
150 Days 21 9 11 0 41
1,146,900.80 596,072.17 882,048.65 0.00 2,625,021.62
180+ Days 27 50 28 3 108
1,918,844.33 4,173,327.89 1,893,482.78 211,412.80 8,197,067.80
Totals 264 139 52 4 459
16,538,017.06 10,396,810.12 3,906,313.33 259,854.32 31,100,994.83
0-29 Days 3.561644% 0.000000% 0.000000% 3.561644%
4.204709% 0.000000% 0.000000% 4.204709%
30 Days 8.949772% 0.913242% 0.000000% 0.000000% 9.863014%
7.105888% 0.555920% 0.000000% 0.000000% 7.661808%
60 Days 4.931507% 1.552511% 0.273973% 0.091324% 6.849315%
4.105415% 1.400735% 0.352909% 0.063537% 5.922595%
90 Days 3.013699% 0.639269% 0.639269% 0.000000% 4.292237%
3.113989% 0.614253% 0.805310% 0.000000% 4.533551%
120 Days 2.831050% 0.639269% 0.273973% 0.000000% 3.744292%
3.345246% 0.605421% 0.324941% 0.000000% 4.275608%
150 Days 1.917808% 0.821918% 1.004566% 0.000000% 3.744292%
1.504301% 0.781822% 1.156915% 0.000000% 3.443038%
180+ Days 2.465753% 4.566210% 2.557078% 0.273973% 9.863014%
2.516800% 5.473831% 2.483535% 0.277294% 10.751460%
Totals 24.109589% 12.694064% 4.748858% 0.365297% 41.917808%
21.691638% 13.636692% 5.123609% 0.340831% 40.792770%
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
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 5 0 0 5
480,281.07 0.00 0.00 480,281.07
30 Days 36 2 0 0 38
5,512,028.04 266,700.18 0.00 0.00 5,778,728.22
60 Days 22 3 0 0 25
3,742,942.65 515,767.00 0.00 0.00 4,258,709.65
90 Days 4 2 2 0 8
682,968.90 240,184.69 309,910.20 0.00 1,233,063.79
120 Days 7 5 7 0 19
1,329,265.60 612,035.47 970,939.10 0.00 2,912,240.17
150 Days 2 3 9 0 14
377,347.76 350,829.64 1,964,283.56 0.00 2,692,460.96
180+ Days 2 21 13 1 37
336,793.83 1,599,878.94 2,437,193.61 83,465.58 4,457,331.96
Totals 73 41 31 1 146
11,981,346.78 4,065,676.99 5,682,326.47 83,465.58 21,812,815.82
0-29 Days 1.677852% 0.000000% 0.000000% 1.677852%
0.881666% 0.000000% 0.000000% 0.881666%
30 Days 12.080537% 0.671141% 0.000000% 0.000000% 12.751678%
10.118586% 0.489589% 0.000000% 0.000000% 10.608175%
60 Days 7.382550% 1.006711% 0.000000% 0.000000% 8.389262%
6.871026% 0.946808% 0.000000% 0.000000% 7.817834%
90 Days 1.342282% 0.671141% 0.671141% 0.000000% 2.684564%
1.253745% 0.440914% 0.568911% 0.000000% 2.263570%
120 Days 2.348993% 1.677852% 2.348993% 0.000000% 6.375839%
2.440171% 1.123531% 1.782380% 0.000000% 5.346082%
150 Days 0.671141% 1.006711% 3.020134% 0.000000% 4.697987%
0.692708% 0.644028% 3.605891% 0.000000% 4.942627%
180+ Days 0.671141% 7.046980% 4.362416% 0.335570% 12.416107%
0.618262% 2.936943% 4.474025% 0.153220% 8.182451%
Totals 24.496644% 13.758389% 10.402685% 0.335570% 48.993289%
21.994498% 7.463479% 10.431208% 0.153220% 40.042405%
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Current
Original $ Original % Current $ Current % Class% Prepayment%
<s> <c> <c> <c> <c> <c> <c>
Class M-1 29,654,082.03 18.40153083% 32,696,204.57 25.03784323% 14.068000% 0.000000%
Class M-2 19,018,082.03 11.80147214% 22,060,204.57 16.89309052% 8.144753% 0.000000%
Class M-3 13,378,082.03 8.30162905% 16,420,204.57 12.57413554% 4.318955% 0.000000%
Class M-4 10,236,082.03 6.35189378% 13,278,204.57 10.16807941% 2.406056% 0.000000%
Class CE-1 100.00 0.00006205% 100.00 0.00007658% 8.317132% 0.000000%
Class P 0.00 0.00000000% 0.00 0.00000000% 0.000077% 0.000000%
Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000%
<FN>
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.
</FN>
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 37 4,001,498.32 3.061 25 1,778,204.75 2.332
210 - 239 28 2,472,613.58 1.892 22 1,807,939.39 2.371
240 - 269 12 1,016,613.23 0.778 11 916,127.87 1.202
270 - 299 14 930,146.72 0.712 11 636,623.02 0.835
300 - 329 13 1,592,038.09 1.218 11 1,265,877.71 1.660
330 - 359 7 403,144.55 0.308 6 343,065.33 0.450
360 - 389 4 227,214.09 0.174 3 196,887.30 0.258
390 - 419 6 348,282.59 0.266 5 301,228.72 0.395
420 - 449 3 206,560.65 0.158 2 144,817.67 0.190
450 - 479 2 101,052.74 0.077 2 101,052.74 0.133
480 - 509 3 238,876.98 0.183 2 98,157.33 0.129
510 - 539 5 249,413.37 0.191 4 177,782.16 0.233
540 - 569 3 291,083.72 0.223 2 267,869.16 0.351
570 - 599 1 103,469.61 0.079 1 103,469.61 0.136
600 - 629 1 89,600.43 0.069 0 0.00 0.000
630 - 659 1 67,303.60 0.051 0 0.00 0.000
660 - 689 1 54,844.66 0.042 0 0.00 0.000
780 - 809 1 33,173.09 0.025 0 0.00 0.000
840 - 869 1 114,458.35 0.088 0 0.00 0.000
900 - 929 1 57,965.04 0.044 1 57,965.04 0.076
1020 - 1049 1 55,046.35 0.042 0 0.00 0.000
Total 145 12,654,399.76 9.681 108 8,197,067.80 10.751
180+ Delinquency Summary (continued)
Group 2
Days Number of Aggregate Percentage of
Delinquent Loans Outstanding Balance(%)
Balance($)
<s> <c> <c> <c>
180 - 209 12 2,223,293.57 4.081
210 - 239 6 664,674.19 1.220
240 - 269 1 100,485.36 0.184
270 - 299 3 293,523.70 0.539
300 - 329 2 326,160.38 0.599
330 - 359 1 60,079.22 0.110
360 - 389 1 30,326.79 0.056
390 - 419 1 47,053.87 0.086
420 - 449 1 61,742.98 0.113
450 - 479 0 0.00 0.000
480 - 509 1 140,719.65 0.258
510 - 539 1 71,631.21 0.131
540 - 569 1 23,214.56 0.043
570 - 599 0 0.00 0.000
600 - 629 1 89,600.43 0.164
630 - 659 1 67,303.60 0.124
660 - 689 1 54,844.66 0.101
780 - 809 1 33,173.09 0.061
840 - 869 1 114,458.35 0.210
900 - 929 0 0.00 0.000
1020 - 1049 1 55,046.35 0.101
Total 37 4,457,331.96 8.181
<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 4 Jan-05 0.000%
Original Principal Balance 286,150.18 Feb-05 0.000%
Current Principal Balance 280,737.68 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 5 Jun-05 0.000%
Original Principal Balance 349,790.18 Jul-05 0.000%
Current Principal Balance 343,319.90 Aug-05 0.043%
Sep-05 0.044%
Oct-05 0.045%
Nov-05 0.047%
Dec-05 0.263%
*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 3 Jan-05 0.000%
Original Principal Balance 201,300.18 Feb-05 0.000%
Current Principal Balance 197,272.10 Mar-05 0.000%
Apr-05 0.000%
Current REO Total May-05 0.000%
Loans in REO 4 Jun-05 0.000%
Original Principal Balance 264,940.18 Jul-05 0.000%
Current Principal Balance 259,854.32 Aug-05 0.074%
Sep-05 0.076%
Oct-05 0.078%
Nov-05 0.080%
Dec-05 0.341%
*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 1 Jan-05 0.000%
Original Principal Balance 84,850.00 Feb-05 0.000%
Current Principal Balance 83,465.58 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 84,850.00 Jul-05 0.000%
Current Principal Balance 83,465.58 Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.000%
Dec-05 0.153%
*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 0110287013 Dec-2005 14-May-2000 TX 88.10 49,248.18
Group 1 0110287221 Dec-2005 24-Dec-2003 TX 88.07 66,052.00
Group 1 0110408800 Aug-2005 01-May-2001 MI 74.00 63,640.00
Group 1 0110465863 Dec-2005 01-Jan-2005 TN 69.92 86,000.00
Group 2 0110287125 Dec-2005 01-Sep-2000 TX 79.97 84,850.00
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 0110287013 48,441.52 14-Aug-2005 2 9.900% 1,530.88
Group 1 0110287221 63,336.30 24-Apr-2005 6 10.000% 3,028.61
Group 1 0110408800 62,582.22 01-Jul-2004 16 10.850% 3,246.71
Group 1 0110465863 85,494.28 01-Mar-2005 7 6.875% 2,711.43
Group 2 0110287125 83,465.58 01-Apr-2005 6 13.550% 5,496.42
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 21 Jan-05 0.000%
Original Principal Balance 2,477,441.50 Feb-05 0.000%
Current Principal Balance 2,410,202.55 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 83 Jun-05 0.000%
Original Principal Balance 9,851,517.50 Jul-05 0.000%
Current Principal Balance 9,588,639.80 Aug-05 0.559%
Sep-05 2.586%
Oct-05 4.570%
Nov-05 6.542%
Dec-05 7.335%
*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 16 Jan-05 0.000%
Original Principal Balance 1,268,583.00 Feb-05 0.000%
Current Principal Balance 1,207,338.87 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 52 Jun-05 0.000%
Original Principal Balance 4,101,420.00 Jul-05 0.000%
Current Principal Balance 3,906,313.33 Aug-05 0.974%
Sep-05 2.085%
Oct-05 3.879%
Nov-05 4.463%
Dec-05 5.124%
*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 5 Jan-05 0.000%
Original Principal Balance 1,208,858.50 Feb-05 0.000%
Current Principal Balance 1,202,863.68 Mar-05 0.000%
Apr-05 0.000%
Current Foreclosure Total May-05 0.000%
Loans in Foreclosure 31 Jun-05 0.000%
Original Principal Balance 5,750,097.50 Jul-05 0.000%
Current Principal Balance 5,682,326.47 Aug-05 0.000%
Sep-05 3.268%
Oct-05 5.523%
Nov-05 9.453%
Dec-05 10.431%
*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 0110260040 Oct-2005 01-Jun-1999 CA 90.00 247,500.00
Group 1 0110260429 Oct-2005 01-Oct-1994 IL 68.12 47,000.00
Group 1 0110286965 Oct-2005 26-Jan-2001 TX 94.20 65,000.00
Group 1 0110287165 Nov-2005 01-May-2001 IL 85.00 122,400.00
Group 1 0110331842 Oct-2005 01-Sep-2004 AZ 100.00 16,400.00
Group 1 0110368887 Oct-2005 05-Aug-1999 MI 93.03 41,863.00
Group 1 0110369130 Oct-2005 02-Apr-2000 OH 87.55 70,481.00
Group 1 0110408621 Aug-2005 14-Oct-1998 MD 80.00 48,800.00
Group 1 0110408622 Dec-2005 27-Oct-1998 MO 90.00 64,800.00
Group 1 0110408627 Dec-2005 17-Mar-1999 PA 85.00 82,450.00
Group 1 0110408675 Dec-2005 18-Feb-2000 NC 80.00 59,200.00
Group 1 0110408707 Aug-2005 15-Jul-1998 AL 80.00 192,000.00
Group 1 0110408717 Dec-2005 09-Mar-1999 NC 69.44 50,000.00
Group 1 0110408736 Sep-2005 20-Mar-2002 SC 53.19 25,000.00
Group 1 0110408803 Dec-2005 19-Apr-2001 IL 68.99 71,400.00
Group 1 0110408824 Nov-2005 22-Jun-2001 NY 80.00 63,200.00
Group 1 0110408825 Oct-2005 15-Aug-2001 PA 80.00 65,680.00
Group 1 0110408861 Dec-2005 15-Mar-2000 PA 85.00 63,750.00
Group 1 0110408864 Oct-2005 25-Nov-1999 PA 85.00 35,700.00
Group 1 0110408891 Dec-2005 16-May-2001 SC 90.00 67,500.00
Group 1 0110408933 Sep-2005 04-Sep-2000 WI 70.00 45,500.00
Group 1 0110408957 Oct-2005 14-Dec-2002 PA 77.78 70,000.00
Group 1 0110408960 Nov-2005 01-Aug-2002 IL 82.32 78,200.00
Group 1 0110409009 Dec-2005 29-Jun-2001 MI 85.00 52,700.00
Group 1 0110409024 Dec-2005 22-Apr-2001 NC 69.71 183,000.00
Group 1 0110409067 Sep-2005 07-Mar-2001 PA 85.00 43,775.00
Group 1 0110409072 Dec-2005 18-Jan-2001 IN 70.00 89,600.00
Group 1 0110409073 Aug-2005 16-Feb-2001 KS 100.00 50,000.00
Group 1 0110409093 Oct-2005 15-Dec-2000 IL 100.00 49,000.00
Group 1 0110409133 Oct-2005 20-Nov-2000 PA 80.00 52,000.00
Group 1 0110409146 Aug-2005 01-May-2000 MD 75.00 51,750.00
Group 1 0110409823 Sep-2005 24-Jul-2002 SC 90.00 62,550.00
Group 1 0110409842 Dec-2005 10-May-2002 FL 73.76 74,500.00
Group 1 0110409882 Nov-2005 15-Feb-2002 SC 90.00 121,500.00
Group 1 0110410055 Nov-2005 24-Feb-2002 IA 80.00 119,200.00
Group 1 0110410369 Aug-2005 01-Jun-2002 NY 75.00 30,000.00
Group 1 0110410977 Sep-2005 21-Apr-2003 CT 80.25 130,000.00
Group 1 0110411174 Dec-2005 01-Jun-2002 GA 25.86 30,000.00
Group 1 0110411223 Dec-2005 01-Jun-2002 GA 85.00 81,600.00
Group 1 0110411322 Aug-2005 01-Mar-2002 MN 90.00 189,000.00
Group 1 0110411339 Nov-2005 07-Feb-2002 NC 100.00 45,000.00
Group 1 0110433746 Dec-2005 01-Feb-2005 FL 97.00 160,050.00
Group 1 0110436353 Oct-2005 01-Jan-2005 NC 90.00 186,858.00
Group 1 0110463726 Nov-2005 01-Mar-2005 NY 100.00 80,000.00
Group 1 0110463975 Nov-2005 01-Apr-2005 FL 95.00 25,800.00
Group 1 0110465862 Nov-2005 01-May-2004 OH 85.00 113,900.00
Group 1 0110465888 Oct-2005 01-Jan-2005 OK 78.17 98,500.00
Group 1 0110475890 Nov-2005 01-Jan-2005 MA 100.00 79,980.00
Group 1 0110475895 Dec-2005 01-Apr-2005 FL 100.00 56,000.00
Group 1 0110475905 Oct-2005 01-Nov-2003 NY 95.00 22,500.00
Group 1 0110475915 Nov-2005 01-Dec-2004 CA 100.00 46,800.00
Group 1 0110549898 Dec-2005 01-May-1998 WA 0.00 82,033.00
Group 2 0110254380 Oct-2005 01-Apr-2004 CT 85.00 188,400.00
Group 2 0110259584 Sep-2005 01-Jun-2003 CO 80.00 144,000.00
Group 2 0110287251 Oct-2005 01-Oct-2002 KY 144.91 615,854.00
Group 2 0110338659 Oct-2005 01-Oct-2004 OH 80.00 111,920.00
Group 2 0110338871 Oct-2005 01-Oct-2004 PA 80.00 55,200.00
Group 2 0110370099 Nov-2005 01-Jul-1999 MI 65.00 29,900.00
Group 2 0110401680 Sep-2005 01-Jan-2005 CA 77.14 113,400.00
Group 2 0110408875 Nov-2005 01-Nov-2002 MI 98.68 150,000.00
Group 2 0110408958 Oct-2005 17-Nov-2002 PA 90.00 99,000.00
Group 2 0110423504 Oct-2005 01-Nov-2004 NY 75.00 273,750.00
Group 2 0110426348 Oct-2005 01-Aug-2004 CO 77.55 411,000.00
Group 2 0110432520 Nov-2005 01-Feb-2005 VA 75.00 315,000.00
Group 2 0110433469 Sep-2005 01-Sep-2004 FL 85.00 109,650.00
Group 2 0110433481 Nov-2005 01-May-2004 IL 84.97 307,600.00
Group 2 0110433483 Oct-2005 01-May-2004 IN 90.00 118,800.00
Group 2 0110433486 Sep-2005 01-Sep-2004 NC 85.00 57,375.00
Group 2 0110436342 Dec-2005 01-Dec-2003 CO 74.56 195,358.50
Group 2 0110436346 Oct-2005 01-Dec-2004 TX 80.00 104,000.00
Group 2 0110436357 Sep-2005 01-Jan-2005 CA 85.00 391,000.00
Group 2 0110465858 Dec-2005 01-Sep-2004 IL 95.00 204,250.00
Group 2 0110465869 Oct-2005 01-Jun-2004 IL 89.34 109,890.00
Group 2 0110475930 Dec-2005 01-Jan-2005 MO 75.00 71,250.00
Group 2 0110475937 Nov-2005 01-Jan-2005 GA 80.00 100,800.00
Group 2 0110475938 Nov-2005 01-Jan-2005 CA 95.00 227,050.00
Group 2 0110475946 Nov-2005 01-Mar-2005 OH 80.00 54,400.00
Group 2 0110475949 Nov-2005 01-Feb-2005 GA 90.00 196,200.00
Group 2 0110475954 Nov-2005 01-Dec-2004 TN 85.00 70,550.00
Group 2 0110475960 Nov-2005 01-Feb-2005 MI 85.00 55,250.00
Group 2 0110475964 Dec-2005 01-Mar-2005 CA 90.00 585,000.00
Group 2 0110475968 Dec-2005 01-Feb-2005 CT 90.00 153,000.00
Group 2 0110475970 Nov-2005 01-Jun-2004 CA 75.00 131,250.00
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 0110260040 229,751.14 01-May-2005 5 7.500% 8,015.29
Group 1 0110260429 40,956.91 01-May-2005 5 9.750% 1,895.86
Group 1 0110286965 63,736.07 26-Apr-2005 6 12.000% 3,702.73
Group 1 0110287165 116,963.55 01-Jul-2005 3 7.500% 3,465.04
Group 1 0110331842 16,372.09 01-Mar-2005 7 12.875% 1,015.78
Group 1 0110368887 41,516.95 05-May-2005 5 6.999% 1,344.53
Group 1 0110369130 71,841.96 02-Apr-2005 6 9.000% 3,049.37
Group 1 0110408621 40,801.61 14-Jan-2005 9 8.640% 1,660.80
Group 1 0110408622 63,477.68 27-Jan-2005 8 10.550% 3,205.73
Group 1 0110408627 72,260.76 17-Jan-2005 9 10.800% 3,741.19
Group 1 0110408675 57,151.31 18-Dec-2004 10 9.990% 2,718.49
Group 1 0110408707 157,309.04 15-Apr-2005 6 8.250% 6,149.47
Group 1 0110408717 36,997.79 09-May-2005 5 9.350% 1,631.15
Group 1 0110408736 22,426.47 20-May-2005 5 10.800% 1,157.53
Group 1 0110408803 69,375.30 19-Jan-2005 9 9.200% 3,034.54
Group 1 0110408824 53,749.80 22-May-2005 5 9.500% 2,424.50
Group 1 0110408825 63,814.64 15-Mar-2005 7 8.990% 2,716.86
Group 1 0110408861 62,088.13 15-Jul-2005 3 11.990% 2,983.71
Group 1 0110408864 32,459.42 25-Jun-2004 15 9.850% 1,518.93
Group 1 0110408891 66,178.38 16-Jan-2005 9 10.600% 3,360.52
Group 1 0110408933 44,200.91 04-Mar-2005 7 10.240% 2,158.05
Group 1 0110408957 68,593.32 14-Jul-2004 15 6.375% 2,025.97
Group 1 0110408960 77,155.39 01-Oct-2004 12 9.990% 3,676.05
Group 1 0110409009 51,190.91 28-Dec-2004 9 9.000% 2,183.96
Group 1 0110409024 175,367.79 22-Jul-2005 3 8.250% 5,697.19
Group 1 0110409067 42,743.35 07-Apr-2005 6 10.000% 2,035.82
Group 1 0110409072 81,986.40 18-Apr-2005 6 10.040% 3,940.59
Group 1 0110409073 46,786.48 16-Nov-2004 11 11.200% 2,506.57
Group 1 0110409093 40,498.12 15-Aug-2005 2 10.700% 1,435.63
Group 1 0110409133 50,780.81 20-Jan-2005 9 11.050% 2,688.47
Group 1 0110409146 50,667.47 01-Mar-2005 7 12.450% 3,038.66
Group 1 0110409823 61,344.21 24-Apr-2005 5 8.740% 2,537.33
Group 1 0110409842 72,410.01 10-Jul-2005 3 8.000% 2,275.88
Group 1 0110409882 112,015.08 15-Jun-2005 4 9.050% 4,795.54
Group 1 0110410055 116,954.26 24-Mar-2005 7 9.550% 5,314.77
Group 1 0110410369 29,574.89 01-Sep-2004 13 9.900% 1,394.15
Group 1 0110410977 127,301.92 21-Apr-2005 6 7.500% 4,472.03
Group 1 0110411174 28,068.65 01-Jul-2005 3 9.490% 1,055.08
Group 1 0110411223 79,282.48 01-Jul-2005 3 8.990% 2,818.91
Group 1 0110411322 186,264.62 01-Jan-2005 10 9.990% 8,864.20
Group 1 0110411339 42,566.53 07-Jul-2005 2 11.990% 1,641.36
Group 1 0110433746 159,480.47 01-May-2005 5 6.625% 4,881.86
Group 1 0110436353 185,997.93 01-Aug-2005 2 8.875% 5,190.88
Group 1 0110463726 79,799.03 01-Jul-2005 3 9.475% 3,000.14
Group 1 0110463975 25,724.21 01-Apr-2005 6 12.775% 1,585.95
Group 1 0110465862 113,233.08 01-May-2005 5 9.750% 5,232.92
Group 1 0110465888 98,204.22 01-Apr-2005 6 7.490% 3,428.27
Group 1 0110475890 79,785.08 01-Jun-2005 4 10.500% 4,003.32
Group 1 0110475895 55,939.52 01-Jun-2005 4 11.000% 2,945.74
Group 1 0110475905 20,575.36 01-Apr-2005 6 12.240% 1,201.66
Group 1 0110475915 46,508.54 01-May-2005 5 11.990% 2,677.70
Group 1 0110549898 76,083.29 01-May-2005 5 9.000% 3,227.80
Group 2 0110254380 188,400.00 01-May-2005 5 6.200% 5,369.40
Group 2 0110259584 141,260.21 01-May-2005 5 9.375% 6,037.10
Group 2 0110287251 577,404.04 17-May-2005 5 8.000% 22,044.06
Group 2 0110338659 111,428.11 01-May-2005 5 9.100% 4,784.51
Group 2 0110338871 54,994.97 01-Apr-2005 6 9.250% 2,404.04
Group 2 0110370099 28,755.29 01-Jun-2005 4 11.750% 1,615.94
Group 2 0110401680 113,364.19 01-Apr-2005 6 6.250% 3,259.20
Group 2 0110408875 147,600.40 01-Jan-2005 9 12.000% 7,727.60
Group 2 0110408958 97,788.64 17-May-2005 5 12.750% 5,599.05
Group 2 0110423504 273,413.72 01-Dec-2004 10 8.450% 10,916.03
Group 2 0110426348 408,129.62 01-May-2005 5 7.950% 15,174.86
Group 2 0110432520 314,423.48 01-May-2005 5 9.900% 14,832.87
Group 2 0110433469 109,013.95 01-Jun-2005 4 8.990% 4,628.98
Group 2 0110433481 304,351.00 01-Jun-2005 4 7.625% 10,838.11
Group 2 0110433483 117,417.71 01-Jul-2005 3 7.499% 3,427.00
Group 2 0110433486 57,059.01 01-Apr-2005 6 7.990% 2,134.56
Group 2 0110436342 192,492.49 01-Jul-2005 3 10.325% 6,548.17
Group 2 0110436346 103,314.92 01-Jun-2005 4 6.375% 3,036.32
Group 2 0110436357 389,885.42 01-Apr-2005 6 7.750% 14,107.46
Group 2 0110465858 202,765.72 01-Jun-2005 4 7.750% 7,352.99
Group 2 0110465869 109,040.32 01-Mar-2005 7 7.499% 3,808.20
Group 2 0110475930 71,119.23 01-May-2005 5 10.950% 3,730.07
Group 2 0110475937 100,443.01 01-Apr-2005 6 6.650% 3,105.31
Group 2 0110475938 226,306.32 01-Apr-2005 6 7.050% 7,443.00
Group 2 0110475946 54,330.23 01-May-2005 5 10.200% 2,645.75
Group 2 0110475949 195,892.40 01-Mar-2005 7 7.250% 6,638.91
Group 2 0110475954 70,285.20 01-Jun-2005 4 9.200% 3,071.16
Group 2 0110475960 55,189.28 01-Mar-2005 7 8.990% 2,350.97
Group 2 0110475964 584,033.22 01-Apr-2005 6 6.990% 19,033.49
Group 2 0110475968 152,453.02 01-Jun-2005 4 7.750% 5,556.11
Group 2 0110475970 129,971.35 01-Apr-2005 6 6.750% 4,079.15
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 15 Jan-05 0.000%
Original Principal Balance 1,237,693.00 Feb-05 0.000%
Current Principal Balance 1,201,613.44 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 180 Jun-05 0.000%
Original Principal Balance 15,444,322.46 Jul-05 0.000%
Current Principal Balance 14,462,487.11 Aug-05 8.592%
Sep-05 11.106%
Oct-05 10.831%
Nov-05 11.954%
Dec-05 11.064%
*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 8 Jan-05 0.000%
Original Principal Balance 399,973.00 Feb-05 0.000%
Current Principal Balance 373,823.96 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 139 Jun-05 0.000%
Original Principal Balance 11,275,725.46 Jul-05 0.000%
Current Principal Balance 10,396,810.12 Aug-05 11.236%
Sep-05 15.390%
Oct-05 14.916%
Nov-05 16.287%
Dec-05 13.637%
*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 7 Jan-05 0.000%
Original Principal Balance 837,720.00 Feb-05 0.000%
Current Principal Balance 827,789.48 Mar-05 0.000%
Apr-05 0.000%
Current Bankruptcy Total May-05 0.000%
Loans in Bankruptcy 41 Jun-05 0.000%
Original Principal Balance 4,168,597.00 Jul-05 0.000%
Current Principal Balance 4,065,676.99 Aug-05 5.033%
Sep-05 5.277%
Oct-05 5.194%
Nov-05 5.889%
Dec-05 7.463%
*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 0110206133 Aug-2005 01-Jan-1998 UT 75.00 123,750.00
Group 1 0110206205 Aug-2005 15-May-1998 TN 80.00 48,000.00
Group 1 0110206217 Aug-2005 01-Jul-1998 TN 85.00 42,585.00
Group 1 0110206218 Aug-2005 15-Feb-1998 MI 80.60 54,000.00
Group 1 0110206231 Dec-2005 01-Feb-1998 NY 90.00 60,300.00
Group 1 0110206245 Aug-2005 15-Jul-1998 SC 85.00 63,750.00
Group 1 0110252191 Aug-2005 01-May-1998 NJ 80.00 109,600.00
Group 1 0110252196 Aug-2005 01-Feb-1999 FL 80.00 135,200.00
Group 1 0110259811 Aug-2005 08-Nov-1999 AL 80.00 46,400.00
Group 1 0110259820 Aug-2005 01-Jun-1999 NC 90.00 50,400.00
Group 1 0110259823 Oct-2005 14-Sep-2000 IN 85.00 38,250.00
Group 1 0110259846 Aug-2005 01-Jun-1998 PA 65.38 94,800.00
Group 1 0110259883 Aug-2005 02-Oct-1998 TN 80.00 73,600.00
Group 1 0110259893 Dec-2005 20-Apr-1996 NM 80.00 24,400.00
Group 1 0110259897 Aug-2005 27-Dec-1995 AL 75.00 30,000.00
Group 1 0110259903 Aug-2005 19-Aug-1995 NY 44.29 62,000.00
Group 1 0110259907 Aug-2005 16-Sep-1995 GA 80.00 58,400.00
Group 1 0110259912 Aug-2005 30-May-1994 PA 70.00 29,400.00
Group 1 0110259941 Aug-2005 01-Jan-1996 NH 79.82 318,500.00
Group 1 0110259958 Sep-2005 01-May-1994 PA 90.00 216,000.00
Group 1 0110259973 Aug-2005 01-Oct-1993 PA 77.10 281,400.00
Group 1 0110260116 Aug-2005 01-Jan-1999 CA 52.19 334,000.00
Group 1 0110260291 Aug-2005 01-Jul-1996 NJ 90.00 212,400.00
Group 1 0110260306 Aug-2005 01-Dec-1995 TX 78.54 344,000.00
Group 1 0110260384 Aug-2005 01-Mar-1996 NJ 71.75 51,300.00
Group 1 0110260410 Aug-2005 07-Sep-1995 OH 80.00 55,200.00
Group 1 0110260533 Aug-2005 01-Sep-1995 MD 69.02 376,132.96
Group 1 0110260538 Aug-2005 01-Dec-1994 TX 90.00 42,300.00
Group 1 0110260549 Aug-2005 01-May-1994 GA 90.00 42,300.00
Group 1 0110260581 Sep-2005 01-May-1994 FL 80.00 219,200.00
Group 1 0110268703 Aug-2005 01-Jul-2003 MA 94.98 43,000.00
Group 1 0110286995 Aug-2005 01-Apr-2002 TX 133.96 48,000.00
Group 1 0110287000 Aug-2005 30-Sep-2003 OR 91.89 69,833.00
Group 1 0110287004 Nov-2005 01-Nov-2003 PA 98.93 34,200.00
Group 1 0110287078 Aug-2005 01-Oct-2000 TX 99.95 99,849.00
Group 1 0110287083 Aug-2005 03-Aug-2000 NJ 79.94 26,400.00
Group 1 0110287123 Nov-2005 01-Aug-2003 MO 80.35 67,497.00
Group 1 0110287222 Aug-2005 16-Oct-2003 TX 90.19 51,408.00
Group 1 0110367579 Dec-2005 15-Nov-2000 NE 95.40 89,195.00
Group 1 0110367710 Dec-2005 06-Aug-2000 OH 91.82 53,253.00
Group 1 0110367738 Aug-2005 15-Jan-2001 KS 100.00 11,043.00
Group 1 0110367916 Nov-2005 21-Oct-2000 IN 86.86 38,305.00
Group 1 0110368714 Aug-2005 10-Sep-1999 IL 96.27 52,951.00
Group 1 0110369141 Aug-2005 15-May-1998 OH 94.18 118,672.00
Group 1 0110369158 Aug-2005 07-Nov-1998 OH 56.50 132,772.00
Group 1 0110369353 Aug-2005 14-Jan-1998 OH 90.41 81,372.00
Group 1 0110369482 Aug-2005 05-Jun-1998 OH 94.69 90,903.00
Group 1 0110369824 Aug-2005 03-Oct-1999 IN 45.45 20,000.00
Group 1 0110369827 Aug-2005 01-May-2000 KS 95.64 99,465.00
Group 1 0110369920 Aug-2005 01-Aug-1998 OH 95.39 89,189.00
Group 1 0110369922 Sep-2005 01-Jan-2000 LA 80.00 52,800.00
Group 1 0110369956 Aug-2005 01-Jul-1999 VA 75.00 44,212.50
Group 1 0110369979 Dec-2005 01-Jul-1999 NE 75.00 22,500.00
Group 1 0110370036 Dec-2005 01-Jul-1999 MI 85.00 42,500.00
Group 1 0110370080 Nov-2005 01-Jul-1999 AL 85.00 171,700.00
Group 1 0110370150 Aug-2005 01-Jun-1999 AL 70.00 43,400.00
Group 1 0110388920 Aug-2005 01-May-2004 MI 100.00 52,700.00
Group 1 0110407754 Aug-2005 01-Nov-2000 GA 93.82 129,000.00
Group 1 0110407803 Aug-2005 01-Apr-1999 IN 80.00 100,000.00
Group 1 0110407821 Aug-2005 01-Mar-1998 TX 83.90 49,500.00
Group 1 0110407853 Aug-2005 01-Nov-1998 TX 84.00 16,800.00
Group 1 0110408599 Aug-2005 24-Dec-1998 OH 80.00 82,000.00
Group 1 0110408612 Aug-2005 12-Jun-1997 FL 80.00 62,160.00
Group 1 0110408637 Aug-2005 22-Mar-1998 OH 80.00 86,400.00
Group 1 0110408654 Aug-2005 02-Jan-1998 TN 80.00 68,000.00
Group 1 0110408655 Aug-2005 01-Jan-1998 NC 80.00 80,800.00
Group 1 0110408666 Aug-2005 17-Mar-2000 NC 80.00 100,800.00
Group 1 0110408670 Aug-2005 15-Jan-2000 OH 74.64 58,500.00
Group 1 0110408678 Nov-2005 20-Jan-2000 OH 85.00 68,000.00
Group 1 0110408679 Aug-2005 28-Jan-2000 IN 77.94 54,400.00
Group 1 0110408710 Aug-2005 24-Dec-1997 OH 80.00 89,600.00
Group 1 0110408712 Nov-2005 20-Mar-1998 IL 75.00 27,375.00
Group 1 0110408719 Aug-2005 05-Mar-1999 OH 90.00 101,700.00
Group 1 0110408722 Aug-2005 27-Feb-1999 PA 80.00 73,600.00
Group 1 0110408723 Nov-2005 27-Feb-1999 NC 80.00 78,800.00
Group 1 0110408741 Aug-2005 06-Dec-2000 OH 70.00 66,500.00
Group 1 0110408751 Aug-2005 22-Aug-2002 OK 64.81 71,289.00
Group 1 0110408789 Aug-2005 12-Oct-2001 OH 90.00 78,300.00
Group 1 0110408793 Aug-2005 11-Aug-2001 MI 85.00 48,450.00
Group 1 0110408839 Aug-2005 04-Sep-1997 OH 70.51 110,000.00
Group 1 0110408850 Aug-2005 21-Jan-1999 NC 55.56 70,000.00
Group 1 0110408874 Aug-2005 20-Oct-2002 MO 89.90 91,700.00
Group 1 0110408887 Aug-2005 17-May-2001 LA 90.00 103,500.00
Group 1 0110408900 Nov-2005 22-Mar-2001 MI 70.00 36,400.00
Group 1 0110408910 Aug-2005 18-Jan-2001 OH 79.90 78,300.00
Group 1 0110408916 Aug-2005 25-Nov-2000 NE 90.00 23,400.00
Group 1 0110408937 Nov-2005 15-Sep-2000 FL 60.77 39,501.00
Group 1 0110408996 Aug-2005 17-Nov-2001 MI 80.00 136,800.00
Group 1 0110409012 Aug-2005 13-Jul-2001 PA 89.46 74,250.00
Group 1 0110409013 Aug-2005 26-Mar-2001 MD 95.00 137,750.00
Group 1 0110409023 Dec-2005 01-May-2001 NY 100.00 33,425.00
Group 1 0110409029 Aug-2005 14-Oct-2001 SC 84.21 48,000.00
Group 1 0110409036 Aug-2005 03-Jun-2001 TN 100.00 49,000.00
Group 1 0110409065 Nov-2005 26-Mar-2001 KY 100.00 17,900.00
Group 1 0110409069 Aug-2005 25-Feb-2001 DE 100.00 41,000.00
Group 1 0110409074 Aug-2005 04-Feb-2001 IN 100.00 42,443.00
Group 1 0110409089 Aug-2005 15-Nov-2000 TN 80.00 50,800.00
Group 1 0110409091 Aug-2005 30-Sep-2000 MS 90.00 45,000.00
Group 1 0110409096 Nov-2005 02-Feb-2001 PA 100.00 121,000.00
Group 1 0110409118 Aug-2005 01-Sep-2000 WA 90.00 135,000.00
Group 1 0110409125 Aug-2005 10-Sep-2000 GA 69.29 24,250.00
Group 1 0110409147 Aug-2005 05-May-2000 TN 85.00 49,300.00
Group 1 0110409159 Aug-2005 12-Feb-2000 NC 80.00 47,680.00
Group 1 0110409166 Aug-2005 24-Dec-1999 SC 85.00 45,900.00
Group 1 0110409168 Nov-2005 01-Dec-1999 SC 70.00 30,800.00
Group 1 0110409172 Aug-2005 01-Dec-2000 IL 78.20 76,400.00
Group 1 0110409178 Sep-2005 01-Oct-2000 IL 78.07 68,000.00
Group 1 0110409184 Aug-2005 01-Jan-2000 IL 80.00 32,000.00
Group 1 0110409185 Aug-2005 01-Oct-1999 GA 58.06 90,000.00
Group 1 0110409257 Aug-2005 01-Jan-2004 NC 79.05 83,000.00
Group 1 0110409847 Aug-2005 08-May-2002 TN 79.17 47,500.00
Group 1 0110409954 Aug-2005 21-Nov-2002 MN 100.00 140,000.00
Group 1 0110409992 Aug-2005 01-Sep-2002 MN 100.00 136,000.00
Group 1 0110409999 Nov-2005 02-Aug-2002 MN 90.00 139,500.00
Group 1 0110410023 Dec-2005 08-Jun-2002 MN 80.00 74,400.00
Group 1 0110410131 Nov-2005 07-Apr-2002 OH 90.00 76,500.00
Group 1 0110410145 Aug-2005 14-Feb-2002 MI 81.88 56,500.00
Group 1 0110410327 Aug-2005 01-Jul-2002 MO 80.00 49,600.00
Group 1 0110410329 Aug-2005 13-Jun-2002 PA 85.00 40,800.00
Group 1 0110410371 Aug-2005 01-Apr-2002 OH 80.00 56,000.00
Group 1 0110410395 Aug-2005 01-Mar-2002 NJ 80.87 186,000.00
Group 1 0110410488 Aug-2005 01-Dec-2002 OH 100.00 139,000.00
Group 1 0110410547 Aug-2005 17-Aug-2002 IN 52.55 16,290.00
Group 1 0110410993 Aug-2005 01-Apr-2003 MD 77.88 121,500.00
Group 1 0110411096 Aug-2005 01-Nov-2002 PA 90.00 112,500.00
Group 1 0110411118 Aug-2005 19-Oct-2002 KY 88.52 54,000.00
Group 1 0110411168 Aug-2005 01-Jun-2002 GA 100.00 25,900.00
Group 1 0110411236 Aug-2005 02-May-2002 NC 85.00 65,025.00
Group 1 0110411258 Aug-2005 12-Mar-2002 NY 80.00 62,400.00
Group 1 0110411265 Aug-2005 01-Apr-2002 PA 65.79 25,000.00
Group 1 0110411293 Aug-2005 20-Mar-2002 GA 100.00 173,000.00
Group 1 0110411307 Aug-2005 01-Mar-2002 AL 90.00 49,500.00
Group 1 0110411319 Aug-2005 01-Mar-2002 OH 85.00 212,500.00
Group 1 0110411341 Aug-2005 01-Mar-2002 GA 69.46 83,000.00
Group 1 0110423590 Nov-2005 01-Dec-2004 IL 95.00 12,000.00
Group 1 0110423602 Nov-2005 01-Nov-2004 CO 100.00 38,000.00
Group 1 0110423615 Aug-2005 01-Sep-2004 IL 100.00 28,400.00
Group 1 0110423628 Aug-2005 01-Nov-2004 GA 95.00 8,250.00
Group 1 0110435175 Oct-2005 01-Oct-2004 WA 100.00 37,500.00
Group 2 0110172700 Aug-2005 01-Aug-2003 AL 70.00 49,700.00
Group 2 0110172707 Aug-2005 01-Aug-2003 MS 85.00 41,650.00
Group 2 0110172832 Dec-2005 01-Aug-2003 FL 80.00 141,600.00
Group 2 0110172961 Aug-2005 01-Oct-1999 OR 81.10 117,600.00
Group 2 0110172977 Aug-2005 01-Jul-1999 MI 80.00 46,400.00
Group 2 0110172991 Aug-2005 01-Sep-1999 WI 85.00 63,750.00
Group 2 0110173036 Aug-2005 01-Jul-2001 OH 80.00 136,000.00
Group 2 0110173040 Aug-2005 01-May-2001 LA 80.00 215,200.00
Group 2 0110173065 Dec-2005 01-Jul-2002 ID 80.00 90,720.00
Group 2 0110205941 Sep-2005 01-Dec-2002 IL 80.00 68,000.00
Group 2 0110205984 Aug-2005 01-Dec-2002 IL 85.00 97,750.00
Group 2 0110206095 Aug-2005 01-Dec-2002 AL 80.00 108,800.00
Group 2 0110251896 Aug-2005 01-Oct-1999 NV 69.78 80,250.00
Group 2 0110251964 Aug-2005 01-Oct-1999 TN 80.00 292,000.00
Group 2 0110251979 Aug-2005 01-Aug-1999 FL 80.00 54,080.00
Group 2 0110251989 Aug-2005 01-Mar-1999 OH 80.00 56,000.00
Group 2 0110305945 Dec-2005 01-May-2004 NJ 54.35 150,000.00
Group 2 0110369975 Aug-2005 01-May-1999 MD 85.00 31,875.00
Group 2 0110369983 Aug-2005 01-Jul-1999 MN 70.00 65,030.00
Group 2 0110370006 Aug-2005 01-Jun-1999 IN 85.00 51,850.00
Group 2 0110370120 Aug-2005 01-Jun-1999 NE 85.00 62,475.00
Group 2 0110407784 Dec-2005 01-Jul-2003 LA 80.00 116,000.00
Group 2 0110407785 Aug-2005 01-Feb-2003 TN 90.00 90,900.00
Group 2 0110407789 Aug-2005 01-Jul-2003 MI 85.00 183,600.00
Group 2 0110407799 Aug-2005 01-Oct-2001 IL 80.00 112,000.00
Group 2 0110407811 Aug-2005 01-Oct-2000 MI 70.00 39,900.00
Group 2 0110407820 Aug-2005 01-Jul-2000 TX 86.07 236,700.00
Group 2 0110407841 Aug-2005 01-Jan-1999 MI 70.00 74,200.00
Group 2 0110407842 Aug-2005 01-Nov-1998 OR 85.00 170,000.00
Group 2 0110407851 Aug-2005 01-Sep-1999 AL 65.00 33,800.00
Group 2 0110407852 Aug-2005 01-Jan-1999 IL 80.00 24,000.00
Group 2 0110408409 Oct-2005 01-Feb-2005 TX 80.00 107,030.00
Group 2 0110408589 Aug-2005 01-Feb-2004 NC 80.00 108,800.00
Group 2 0110408747 Aug-2005 01-Dec-2002 OK 90.00 47,700.00
Group 2 0110408814 Dec-2005 01-Aug-2002 PA 85.15 140,500.00
Group 2 0110423508 Oct-2005 01-Oct-2004 GA 80.00 100,872.00
Group 2 0110426380 Nov-2005 01-Jun-2004 PA 85.00 159,715.00
Group 2 0110433473 Nov-2005 01-Oct-2004 GA 85.00 106,250.00
Group 2 0110465873 Dec-2005 01-Nov-2004 UT 90.00 148,500.00
Group 2 0110465901 Oct-2005 01-Aug-2004 OH 100.00 97,000.00
Group 2 0110480690 Dec-2005 01-Mar-2005 TN 80.00 50,400.00
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 0110206133 115,201.73 01-Aug-2004 14 8.250% 4,477.52
Group 1 0110206205 40,242.77 15-Feb-2005 8 9.500% 1,825.36
Group 1 0110206217 40,223.01 01-May-2005 5 9.700% 1,859.89
Group 1 0110206218 51,014.29 15-Jan-2006 (2) 10.890% 0.00
Group 1 0110206231 57,965.04 01-Apr-2003 30 10.000% 2,754.41
Group 1 0110206245 62,742.11 15-Apr-2005 6 11.000% 3,307.81
Group 1 0110252191 100,117.40 01-Aug-2005 2 7.875% 2,462.97
Group 1 0110252196 130,094.38 01-Feb-2005 8 10.875% 6,741.14
Group 1 0110259811 43,427.46 08-May-2004 17 12.600% 2,643.72
Group 1 0110259820 48,199.93 01-Dec-2005 (1) 10.850% 417.54
Group 1 0110259823 36,008.01 14-May-2004 17 12.210% 2,099.33
Group 1 0110259846 86,570.29 01-May-2005 5 7.375% 3,000.08
Group 1 0110259883 70,030.17 02-Mar-2005 7 9.990% 3,327.38
Group 1 0110259893 12,301.34 20-Aug-2005 2 9.800% 383.75
Group 1 0110259897 11,345.01 27-Aug-2005 2 10.990% 411.85
Group 1 0110259903 35,575.11 19-Jun-2004 16 9.350% 1,566.19
Group 1 0110259907 37,789.90 16-Sep-2005 1 8.600% 795.10
Group 1 0110259912 25,659.68 28-Nov-2004 11 8.700% 1,058.63
Group 1 0110259941 281,109.08 01-Dec-2004 10 7.500% 9,953.77
Group 1 0110259958 179,908.89 01-Nov-2005 0 7.375% 2,086.12
Group 1 0110259973 222,522.52 01-Apr-2004 18 7.375% 7,688.57
Group 1 0110260116 304,153.85 01-Nov-2005 0 6.875% 3,253.12
Group 1 0110260291 182,342.70 01-Nov-2005 0 8.500% 2,442.07
Group 1 0110260306 303,389.98 01-Mar-2005 7 8.125% 11,658.37
Group 1 0110260384 25,564.43 01-Dec-2005 (1) 8.850% 180.24
Group 1 0110260410 38,167.35 07-Nov-2005 0 8.650% 522.78
Group 1 0110260533 305,496.73 01-Nov-2005 0 8.625% 4,154.78
Group 1 0110260538 37,207.14 01-Sep-2005 1 10.000% 885.17
Group 1 0110260549 34,704.48 01-Dec-2005 (1) 8.250% 224.68
Group 1 0110260581 179,508.31 01-Dec-2005 (1) 7.500% 1,050.05
Group 1 0110268703 42,542.74 01-Dec-2004 10 9.500% 1,919.81
Group 1 0110286995 46,527.56 01-Apr-2005 6 10.000% 2,241.87
Group 1 0110287000 68,506.81 28-Oct-2005 0 8.000% 868.81
Group 1 0110287004 31,983.77 01-Jun-2005 4 9.725% 1,505.22
Group 1 0110287078 95,528.39 01-Jul-2005 3 8.500% 3,223.74
Group 1 0110287083 25,908.11 03-Sep-2005 1 13.500% 849.20
Group 1 0110287123 64,943.58 01-May-2005 5 6.000% 1,828.15
Group 1 0110287222 50,876.21 16-May-2005 5 9.630% 2,363.56
Group 1 0110367579 91,994.16 15-Feb-2005 8 9.000% 3,910.96
Group 1 0110367710 43,108.31 06-Oct-2005 0 8.000% 546.49
Group 1 0110367738 8,816.34 15-Oct-2005 0 10.000% 140.91
Group 1 0110367916 38,150.70 21-May-2005 5 6.999% 1,237.45
Group 1 0110368714 50,107.61 10-Sep-2005 1 9.000% 1,068.06
Group 1 0110369141 116,069.28 15-Aug-2005 2 8.500% 3,101.17
Group 1 0110369158 125,321.32 07-Nov-2005 0 5.875% 1,125.63
Group 1 0110369353 76,467.11 14-Nov-2005 0 7.375% 878.22
Group 1 0110369482 92,653.22 05-Nov-2005 0 8.500% 1,236.91
Group 1 0110369824 19,053.05 03-Dec-2005 (1) 12.125% 184.58
Group 1 0110369827 100,204.65 01-Oct-2005 0 7.500% 1,170.55
Group 1 0110369920 83,693.61 01-Nov-2005 0 9.990% 1,325.84
Group 1 0110369922 50,022.06 01-Oct-2004 12 10.990% 2,583.39
Group 1 0110369956 42,735.41 01-May-2005 5 11.740% 2,411.64
Group 1 0110369979 21,872.42 01-Jan-2005 9 12.950% 1,362.65
Group 1 0110370036 40,829.08 01-Aug-2005 2 10.990% 1,428.19
Group 1 0110370080 166,043.90 01-Aug-2005 2 11.700% 6,196.96
Group 1 0110370150 42,161.23 01-Nov-2004 11 13.990% 2,850.30
Group 1 0110388920 47,204.78 01-Dec-2005 (1) 11.100% 423.92
Group 1 0110407754 123,274.51 01-Dec-2004 10 7.375% 4,261.84
Group 1 0110407803 93,509.97 01-Feb-2005 8 7.625% 3,354.03
Group 1 0110407821 46,260.93 01-Sep-2005 1 9.625% 1,057.61
Group 1 0110407853 12,325.69 01-Aug-2005 2 10.850% 429.31
Group 1 0110408599 77,428.38 24-Nov-2004 11 8.590% 3,158.32
Group 1 0110408612 59,268.69 27-Jun-2005 4 12.000% 3,429.48
Group 1 0110408637 80,513.06 22-Mar-2005 7 8.600% 3,284.38
Group 1 0110408654 59,715.16 02-Nov-2005 0 8.500% 803.66
Group 1 0110408655 65,565.72 01-May-2005 5 8.990% 2,847.20
Group 1 0110408666 89,791.45 17-Nov-2005 0 9.900% 1,420.26
Group 1 0110408670 56,536.90 15-Mar-2005 7 10.400% 2,835.43
Group 1 0110408678 65,994.13 20-Sep-2004 13 10.700% 3,373.79
Group 1 0110408679 52,493.54 28-Sep-2005 1 10.750% 1,354.87
Group 1 0110408710 82,892.45 01-Aug-2005 2 8.750% 2,297.47
Group 1 0110408712 24,806.19 20-Sep-2005 1 10.250% 609.64
Group 1 0110408719 96,287.81 05-Aug-2005 2 9.850% 3,035.02
Group 1 0110408722 69,709.85 27-Oct-2004 12 8.700% 2,874.05
Group 1 0110408723 72,898.38 27-Sep-2004 13 9.490% 3,284.33
Group 1 0110408741 64,633.75 06-Feb-2005 9 10.050% 3,102.89
Group 1 0110408751 70,217.31 22-Aug-2005 2 11.150% 2,507.41
Group 1 0110408789 76,890.26 12-Nov-2004 11 10.450% 3,837.99
Group 1 0110408793 47,265.52 11-Dec-2005 (1) 10.550% 398.50
Group 1 0110408839 103,469.61 06-Mar-2004 19 8.990% 4,428.05
Group 1 0110408850 66,548.79 21-Dec-2004 10 8.700% 2,735.51
Group 1 0110408874 89,654.35 20-Aug-2005 2 7.990% 2,254.25
Group 1 0110408887 101,830.48 17-Sep-2004 13 11.450% 5,597.74
Group 1 0110408900 35,350.88 22-Sep-2005 1 10.650% 902.03
Group 1 0110408910 76,426.11 18-Dec-2004 10 10.550% 3,859.84
Group 1 0110408916 20,107.11 25-Mar-2005 7 11.950% 1,170.94
Group 1 0110408937 32,329.53 15-Dec-2005 (1) 11.150% 290.95
Group 1 0110408996 133,798.08 17-Mar-2005 7 9.900% 6,342.11
Group 1 0110409012 72,848.91 13-Dec-2004 10 11.250% 3,935.85
Group 1 0110409013 134,135.49 26-May-2005 5 10.370% 6,658.86
Group 1 0110409023 32,881.85 01-Sep-2005 1 12.875% 1,021.10
Group 1 0110409029 46,806.40 14-Oct-2005 0 9.400% 698.45
Group 1 0110409036 41,876.67 03-Jun-2005 4 9.990% 2,020.62
Group 1 0110409065 15,085.79 26-Aug-2005 2 13.550% 661.07
Group 1 0110409069 39,055.92 25-May-2004 17 12.350% 2,316.81
Group 1 0110409074 39,293.41 04-Jun-2005 4 11.500% 2,196.86
Group 1 0110409089 46,756.03 15-Nov-2005 0 12.540% 955.06
Group 1 0110409091 43,935.93 28-Aug-2005 2 11.940% 1,687.99
Group 1 0110409096 118,594.07 02-Apr-2005 6 11.750% 6,697.27
Group 1 0110409118 131,141.15 01-Jun-2005 4 10.730% 6,750.22
Group 1 0110409125 15,371.16 10-Jul-2005 3 10.350% 657.41
Group 1 0110409147 45,303.27 05-Feb-2005 8 12.040% 2,640.29
Group 1 0110409159 45,747.15 12-Mar-2005 7 9.750% 2,140.18
Group 1 0110409166 44,253.75 24-Jul-2005 3 10.650% 1,885.61
Group 1 0110409168 29,662.18 16-Apr-2005 6 10.150% 1,440.07
Group 1 0110409172 73,158.20 01-Aug-2005 2 9.300% 2,161.90
Group 1 0110409178 66,582.32 01-Apr-2005 7 12.000% 3,837.44
Group 1 0110409184 31,127.62 01-Apr-2005 6 11.650% 1,746.29
Group 1 0110409185 88,376.78 01-Dec-2004 10 13.650% 5,839.57
Group 1 0110409257 81,164.51 01-Nov-2005 0 6.500% 818.83
Group 1 0110409847 43,131.53 08-Jun-2005 4 9.150% 1,897.84
Group 1 0110409954 135,484.98 21-Nov-2005 0 7.250% 1,537.81
Group 1 0110409992 132,054.09 01-Apr-2005 6 7.625% 4,723.79
Group 1 0110409999 137,401.99 02-Feb-2005 8 9.800% 6,416.50
Group 1 0110410023 72,871.76 08-May-2005 5 9.700% 3,364.33
Group 1 0110410131 74,825.34 07-Apr-2005 6 9.300% 3,304.40
Group 1 0110410145 55,094.75 14-Aug-2005 2 9.600% 1,684.42
Group 1 0110410327 48,531.92 01-Nov-2005 0 9.990% 772.39
Group 1 0110410329 35,321.59 13-Nov-2005 0 9.400% 530.72
Group 1 0110410371 54,577.31 01-Aug-2005 2 9.150% 1,585.09
Group 1 0110410395 175,759.96 01-Nov-2005 0 7.990% 2,213.65
Group 1 0110410488 135,560.80 01-Nov-2005 0 8.500% 1,820.94
Group 1 0110410547 16,039.75 17-Nov-2005 0 11.550% 296.94
Group 1 0110410993 114,886.46 01-Jun-2005 4 7.250% 3,979.39
Group 1 0110411096 109,240.46 01-Oct-2005 0 7.740% 1,327.89
Group 1 0110411118 52,364.19 19-Nov-2005 0 7.750% 637.99
Group 1 0110411168 23,204.85 01-Oct-2005 0 11.590% 435.82
Group 1 0110411236 63,827.87 02-Jul-2005 3 10.490% 2,671.90
Group 1 0110411258 55,549.84 12-Jul-2005 3 10.890% 2,457.48
Group 1 0110411265 24,637.37 01-Jul-2005 3 12.490% 1,236.99
Group 1 0110411293 169,146.93 20-Jul-2005 3 9.990% 6,739.56
Group 1 0110411307 43,955.82 01-Apr-2005 6 9.990% 2,098.91
Group 1 0110411319 207,209.67 01-Apr-2005 6 8.790% 8,652.69
Group 1 0110411341 81,035.53 01-Sep-2005 1 9.800% 1,895.02
Group 1 0110423590 11,338.00 01-Nov-2005 0 11.990% 218.64
Group 1 0110423602 37,925.18 01-Mar-2005 7 10.625% 1,925.88
Group 1 0110423615 28,004.82 01-Aug-2005 2 11.750% 1,058.58
Group 1 0110423628 7,739.55 01-Nov-2005 0 11.750% 146.15
Group 1 0110435175 37,226.16 01-Nov-2005 0 10.375% 613.39
Group 2 0110172700 49,295.75 01-Jan-2005 9 13.000% 2,823.67
Group 2 0110172707 41,179.91 01-Mar-2005 7 12.375% 2,244.26
Group 2 0110172832 140,719.65 01-Jun-2004 16 10.500% 6,745.39
Group 2 0110172961 114,458.35 01-Jun-2003 28 10.625% 5,582.88
Group 2 0110172977 43,640.21 01-Nov-2005 0 8.875% 613.10
Group 2 0110172991 61,742.98 01-Aug-2004 14 10.990% 3,260.96
Group 2 0110173036 132,993.50 01-Jul-2005 3 11.375% 6,047.48
Group 2 0110173040 211,015.09 01-Jun-2005 4 12.375% 12,558.72
Group 2 0110173065 89,600.43 01-Feb-2004 20 10.250% 4,377.44
Group 2 0110205941 67,303.60 01-Jan-2004 21 8.250% 2,605.50
Group 2 0110205984 96,627.55 01-Jan-2005 9 10.650% 4,907.89
Group 2 0110206095 106,845.30 01-Jun-2005 4 9.950% 5,008.47
Group 2 0110251896 77,225.38 01-Aug-2005 2 11.250% 2,773.66
Group 2 0110251964 280,480.04 01-Aug-2005 2 10.625% 9,490.91
Group 2 0110251979 52,746.66 01-Dec-2004 10 12.375% 3,141.87
Group 2 0110251989 55,046.35 01-Dec-2002 34 11.875% 3,134.82
Group 2 0110305945 149,300.18 01-Mar-2005 7 10.400% 7,381.96
Group 2 0110369975 30,326.79 01-Oct-2004 12 10.250% 1,455.34
Group 2 0110369983 62,256.09 01-Nov-2005 0 10.650% 1,054.45
Group 2 0110370006 47,715.62 01-Nov-2005 0 9.990% 756.74
Group 2 0110370120 60,079.22 01-Nov-2004 11 9.990% 2,862.75
Group 2 0110407784 114,072.10 01-Mar-2005 7 7.500% 3,990.82
Group 2 0110407785 89,146.23 01-May-2005 5 8.350% 3,505.75
Group 2 0110407789 179,481.01 01-Oct-2005 0 8.625% 2,439.82
Group 2 0110407799 107,266.10 01-Jun-2005 4 7.000% 3,503.97
Group 2 0110407811 39,293.04 01-May-2005 5 13.700% 2,591.87
Group 2 0110407820 222,390.37 01-May-2005 5 6.375% 6,179.93
Group 2 0110407841 71,631.21 01-May-2004 17 10.375% 3,663.76
Group 2 0110407842 160,064.29 01-Sep-2005 1 10.990% 4,083.14
Group 2 0110407851 33,173.09 01-Aug-2003 26 12.125% 1,934.22
Group 2 0110407852 23,214.56 01-Apr-2004 18 10.990% 1,217.11
Group 2 0110408409 106,635.89 01-Sep-2005 1 9.950% 2,519.28
Group 2 0110408589 107,191.19 01-Jul-2005 3 7.250% 3,043.43
Group 2 0110408747 47,053.87 01-Sep-2004 13 12.250% 2,479.39
Group 2 0110408814 136,619.33 01-Jun-2005 4 10.625% 6,848.26
Group 2 0110423508 100,485.36 01-Feb-2005 8 7.400% 3,480.79
Group 2 0110426380 158,061.58 01-Aug-2005 2 8.100% 4,005.72
Group 2 0110433473 105,764.83 01-Apr-2005 6 8.240% 4,086.13
Group 2 0110465873 147,188.14 01-Nov-2005 0 8.999% 2,086.82
Group 2 0110465901 96,056.50 01-Apr-2005 6 7.750% 3,475.23
Group 2 0110480690 50,289.65 01-Jun-2005 4 9.490% 2,259.94
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 14 484,566.71 510,714.46 0.671%
Group 2 0 0.00 0.00 0.000%
Total 14 484,566.71 510,714.46 0.391%
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>
Group 1 0110423546 27,600.00 11.500% OR 100.00 240
Group 1 0110464450 10,900.00 12.250% GA 95.00 120
Group 1 0110464539 28,000.00 9.250% CA 88.00 360
Group 1 0110464559 29,000.00 10.990% UT 100.00 360
Group 1 0110464584 89,000.00 11.125% NY 100.00 360
Group 1 0110464759 7,100.00 11.950% TX 95.00 60
Group 1 0110464863 37,000.00 9.500% IL 100.00 180
Group 1 0110464919 35,200.00 10.820% TX 100.00 360
Group 1 0110465221 127,000.00 10.500% CA 100.00 360
Group 1 0110475898 25,000.00 11.000% NC 100.00 360
Group 1 0110475904 17,000.00 12.500% GA 95.00 180
Group 1 0110475909 36,600.00 11.250% IL 100.00 240
Group 1 0110475910 7,500.00 12.249% GA 100.00 120
Group 1 0110475916 10,350.00 12.000% UT 95.00 120
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>
Group 1 0110423546 27,509.62 29,228.05 29,228.05
Group 1 0110464450 10,806.09 11,460.57 11,460.57
Group 1 0110464539 27,926.29 28,956.44 28,956.44
Group 1 0110464559 28,979.23 30,570.17 30,570.17
Group 1 0110464584 88,906.48 93,847.44 93,847.44
Group 1 0110464759 6,836.22 7,371.10 7,371.10
Group 1 0110464863 36,525.28 37,795.46 37,795.46
Group 1 0110464919 35,160.49 37,200.83 37,200.83
Group 1 0110465221 127,000.00 133,658.08 133,658.08
Group 1 0110475898 24,969.71 26,341.76 26,341.76
Group 1 0110475904 16,695.51 17,733.34 17,733.34
Group 1 0110475909 36,002.02 38,020.21 38,020.21
Group 1 0110475910 7,233.56 7,796.17 7,796.17
Group 1 0110475916 10,016.21 10,734.84 10,734.84
Realized Loss Report - Collateral
Summary
MDR SDA
<s> <c> <s> <c>
Current Month 0.359% Current Month 7.035%
3 Month Average 0.120% 3 Month Average 2.345%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 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 0.359% N/A Dec-2005 7.035% 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 4.221% Current Month 105.930%
3 Month Average 1.407% 3 Month Average 35.310%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 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 4.221% N/A Dec-2005 105.930% 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 0.615% Current Month 11.894%
3 Month Average 0.205% 3 Month Average 3.965%
12 Month Average 0.000% 12 Month Average 0.000%
MDR: Current vs 12mo Average* SDA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 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 0.615% N/A Dec-2005 11.894% 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 7.136% Current Month 105.930%
3 Month Average 2.379% 3 Month Average 35.310%
12 Month Average 0.000% 12 Month Average 0.000%
CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 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 7.136% N/A Dec-2005 105.930% 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 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 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 N/A N/A Jun-2005 N/A 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 19 1,536,848.00 1,397,848.32 0 0.00 0.00
Group 2 11 1,597,230.00 1,546,792.07 0 0.00 0.00
Total 30 3,134,078.00 2,944,640.39 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 14 487,250.00 482,124.93 (569,169.76)
Group 2 0 0.00 0.00 0 0.00 0.00 4,123.11
Total 0 0.00 0.00 14 487,250.00 482,124.93 (565,046.65)
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 0110252181 VA 80.00 01-Jun-1996 64,800.00 58,913.77
Group 1 0110259834 NY 94.44 01-Feb-1999 255,000.00 233,397.31
Group 1 0110259841 NY 80.00 01-Aug-1998 260,000.00 236,397.83
Group 1 0110260445 NJ 79.74 29-Dec-1993 92,500.00 79,218.98
Group 1 0110260470 MO 75.00 25-Dec-1992 37,500.00 30,695.68
Group 1 0110260742 IL 80.00 15-Dec-1990 54,400.00 10,770.85
Group 1 0110367567 MI 100.00 01-Jan-2001 6,098.00 962.77
Group 1 0110367735 IN 100.00 05-Apr-2001 9,411.00 9,265.81
Group 1 0110369662 IA 94.62 28-Mar-2000 61,500.00 60,131.21
Group 1 0110369672 OH 100.00 03-Oct-1999 75,000.00 68,120.27
Group 1 0110369674 IN 85.41 01-Jan-2001 123,840.00 121,543.71
Group 1 0110408821 NY 85.00 01-Dec-2001 153,000.00 150,299.53
Group 1 0110409874 FL 80.00 01-Mar-2002 65,600.00 63,117.82
Group 1 0110411063 PA 90.00 15-Dec-2002 94,500.00 91,230.95
Group 1 0110423537 NJ 100.00 01-Nov-2004 56,000.00 55,747.19
Group 1 0110423546 OR 100.00 01-Nov-2004 27,600.00 27,353.42
Group 1 0110423605 IL 95.00 01-Oct-2004 9,700.00 9,077.95
Group 1 0110423623 CA 100.00 01-Nov-2004 34,600.00 34,396.17
Group 1 0110464450 GA 95.00 01-Feb-2005 10,900.00 10,512.75
Group 1 0110464539 CA 88.00 01-Mar-2005 28,000.00 27,865.25
Group 1 0110464559 UT 100.00 01-Feb-2005 29,000.00 28,914.41
Group 1 0110464584 NY 100.00 01-Jan-2005 89,000.00 88,711.50
Group 1 0110464759 TX 95.00 01-Apr-2005 7,100.00 6,378.78
Group 1 0110464863 IL 100.00 01-Mar-2005 37,000.00 36,231.33
Group 1 0110464919 TX 100.00 01-Apr-2005 35,200.00 35,092.35
Group 1 0110465221 CA 100.00 01-Apr-2005 127,000.00 126,637.29
Group 1 0110465402 CA 100.00 01-Mar-2005 66,000.00 65,734.24
Group 1 0110475898 NC 100.00 01-Feb-2005 25,000.00 24,913.22
Group 1 0110475901 FL 100.00 01-Nov-2004 17,399.00 16,852.84
Group 1 0110475904 GA 95.00 01-Aug-2004 17,000.00 16,476.16
Group 1 0110475909 IL 100.00 01-Dec-2004 36,600.00 35,716.33
Group 1 0110475910 GA 100.00 01-Aug-2004 7,500.00 7,019.03
Group 1 0110475916 UT 95.00 01-Dec-2004 10,350.00 9,718.84
Group 2 0110206224 WI 66.24 01-Jun-1998 62,930.00 60,918.79
Group 2 0110206532 MA 75.00 01-Mar-1990 100,500.00 69,817.76
Group 2 0110306018 NY 65.00 01-May-2004 66,300.00 65,503.92
Group 2 0110388914 CA 85.00 01-Jul-2004 391,000.00 385,620.54
Group 2 0110407617 SC 95.00 01-Sep-2004 106,400.00 105,210.49
Group 2 0110407782 MA 80.00 01-Oct-2003 92,000.00 90,383.20
Group 2 0110407829 MA 77.91 01-Dec-2002 89,600.00 86,814.56
Group 2 0110423511 FL 80.00 01-Dec-2004 204,000.00 202,486.35
Group 2 0110423523 IL 62.50 01-Aug-2004 50,000.00 49,535.47
Group 2 0110426371 CA 69.44 01-Nov-2004 250,000.00 247,077.59
Group 2 0110433467 IL 90.00 01-May-2004 184,500.00 181,983.80
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 0110252181 Loan Paid in Full 0 9.875% 360 114
Group 1 0110259834 Loan Paid in Full 22 7.750% 360 82
Group 1 0110259841 Loan Paid in Full 2 7.125% 360 88
Group 1 0110260445 Loan Paid in Full 1 8.990% 180 143
Group 1 0110260470 Loan Paid in Full 0 10.250% 180 155
Group 1 0110260742 Loan Paid in Full 4 12.500% 180 180
Group 1 0110367567 Loan Paid in Full 3 13.490% 60 59
Group 1 0110367735 Loan Paid in Full 3 15.350% 177 56
Group 1 0110369662 Loan Paid in Full 0 7.999% 360 68
Group 1 0110369672 Loan Paid in Full 0 6.625% 240 74
Group 1 0110369674 Loan Paid in Full 0 6.125% 360 59
Group 1 0110408821 Loan Paid in Full 10 11.000% 180 48
Group 1 0110409874 Loan Paid in Full 1 7.740% 362 45
Group 1 0110411063 Loan Paid in Full 0 6.750% 360 36
Group 1 0110423537 Loan Paid in Full 0 11.750% 360 13
Group 1 0110423546 Liquidation 8 11.500% 240 13
Group 1 0110423605 Loan Paid in Full 1 12.250% 120 14
Group 1 0110423623 Loan Paid in Full 0 10.500% 360 13
Group 1 0110464450 Liquidation 6 12.250% 120 10
Group 1 0110464539 Liquidation 2 9.250% 360 9
Group 1 0110464559 Liquidation 6 10.990% 360 10
Group 1 0110464584 Liquidation 6 11.125% 360 11
Group 1 0110464759 Liquidation 3 11.950% 60 8
Group 1 0110464863 Liquidation 2 9.500% 180 9
Group 1 0110464919 Liquidation 3 10.820% 360 8
Group 1 0110465221 Liquidation 6 10.500% 360 8
Group 1 0110465402 Loan Paid in Full 1 10.625% 360 9
Group 1 0110475898 Liquidation 5 11.000% 360 10
Group 1 0110475901 Loan Paid in Full 0 11.500% 180 13
Group 1 0110475904 Liquidation 5 12.500% 180 16
Group 1 0110475909 Liquidation 4 11.250% 240 12
Group 1 0110475910 Liquidation 6 12.249% 120 16
Group 1 0110475916 Liquidation 3 12.000% 120 12
Group 2 0110206224 Loan Paid in Full 13 11.625% 360 90
Group 2 0110206532 Loan Paid in Full 2 5.750% 360 189
Group 2 0110306018 Loan Paid in Full (1) 9.050% 360 19
Group 2 0110388914 Loan Paid in Full 0 6.625% 360 17
Group 2 0110407617 Loan Paid in Full (1) 8.050% 360 15
Group 2 0110407782 Loan Paid in Full 0 9.490% 360 26
Group 2 0110407829 Loan Paid in Full 0 9.000% 360 36
Group 2 0110423511 Loan Paid in Full 0 9.200% 360 12
Group 2 0110423523 Loan Paid in Full 0 9.500% 360 16
Group 2 0110426371 Loan Paid in Full 1 6.700% 360 13
Group 2 0110433467 Loan Paid in Full 6 7.499% 360 19
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.141% Current Month 22.877% Current Month 381.287%
3 Month Average 2.623% 3 Month Average 27.182% 3 Month Average 453.040%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 39.867% N/A Jul-2005 664.449% N/A
Aug-2005 44.485% N/A Aug-2005 741.419% N/A
Sep-2005 26.410% N/A Sep-2005 440.168% N/A
Oct-2005 25.438% N/A Oct-2005 423.961% N/A
Nov-2005 33.232% N/A Nov-2005 553.874% N/A
Dec-2005 22.877% N/A Dec-2005 381.287% 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 1.689% Current Month 18.484% Current Month 308.067%
3 Month Average 2.067% 3 Month Average 22.060% 3 Month Average 367.661%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 26.989% N/A Jul-2005 449.824% N/A
Aug-2005 30.217% N/A Aug-2005 503.615% N/A
Sep-2005 21.780% N/A Sep-2005 362.999% N/A
Oct-2005 19.722% N/A Oct-2005 328.700% N/A
Nov-2005 27.973% N/A Nov-2005 466.217% N/A
Dec-2005 18.484% N/A Dec-2005 308.067% 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 2.768% Current Month 28.600% Current Month 617.281%
3 Month Average 3.386% 3 Month Average 33.706% 3 Month Average 762.506%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 52.964% N/A Jul-2005 1,533.545% N/A
Aug-2005 58.920% N/A Aug-2005 1,569.011% N/A
Sep-2005 32.241% N/A Sep-2005 812.711% N/A
Oct-2005 32.612% N/A Oct-2005 775.895% N/A
Nov-2005 39.906% N/A Nov-2005 894.343% N/A
Dec-2005 28.600% N/A Dec-2005 617.281% 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