UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 25, 2005
FBR SECURITIZATION TRUST
Callable Mortgage-Backed Notes, Series 2005-2
(Exact name of registrant as specified in its charter)
New York (governing law of 333-127901-01
Pooling and Servicing Agreement) (Commission N/A
(State or other File Number) IRS EIN
jurisdiction
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
Subsequent to filing the 8-K relating to the payment date on October 25, 2005,
a revision was made to holders of FBR SECURITIZATION TRUST, Callable
Mortgage-Backed Notes, Series 2005-2 Trust which was not included in the
original 8-K filed. The 8-K is being amended because of incorrect
delinquencies. This revision was not previously disclosed in a 1934 Act
filing. The revised data has been and will continue to be available on the
Wells Fargo Bank, N.A., website at www.ctslink.com.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of
Callable Mortgage-Backed Notes, Series 2005-2
Trust, relating to the October 25, 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.
FBR SECURITIZATION TRUST
Callable Mortgage-Backed Notes, Series 2005-2 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Securities Administrator
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 1/31/2006
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of Callable
Mortgage-Backed Notes, Series 2005-2 Trust, relating to
the October 25, 2005 distribution.
EX-99.1
Friedman, Billings, Ramsey & Co., Inc.
Callable Mortgage-Backed Notes
Record Date: 9/30/2005
Distribution Date: 10/25/2005
Friedman, Billings, Ramsey & Co., Inc.
Callable Mortgage-Backed Notes
Series 2005-2
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
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
AV1 30246QAC7 SEN 4.08750% 876,720,000.00 2,687,694.75
AV2-A1 30246QAD5 SEN 3.97750% 211,360,000.00 630,513.30
AV2-1B1 30246QAS2 SEN 3.95750% 235,332,000.00 698,494.79
AV2-1B2 30246QAT0 SEN 4.01750% 76,688,000.00 231,070.53
AV2-2A 30246QAE3 SEN 4.08750% 154,260,000.00 472,903.31
AV2-3A 30246QAF0 SEN 4.12750% 134,000,000.00 414,813.75
AV2-3B1 30246QAU7 SEN 4.10750% 139,180,000.00 428,761.39
AV2-3B2 30246QAV5 SEN 4.21750% 24,560,000.00 77,686.35
M-1 30246QAG8 MEZ 4.31750% 83,200,000.00 269,412.00
M-2 30246QAH6 MEZ 4.33750% 71,800,000.00 233,574.38
M-3 30246QAJ2 MEZ 4.34750% 41,030,000.00 133,783.44
M-4 30246QAK9 MEZ 4.45750% 38,750,000.00 129,546.09
M-5 30246QAL7 MEZ 4.48750% 35,330,000.00 118,907.53
M-6 30246QAM5 MEZ 4.55750% 29,630,000.00 101,279.04
M-7 30246QAN3 MEZ 5.08750% 27,350,000.00 104,357.34
M-8 30246QAP8 MEZ 5.18750% 22,800,000.00 88,706.25
M-9 30246QAQ6 MEZ 5.68750% 17,100,000.00 72,942.19
M-10 30246QAR4 MEZ 6.08750% 48,920,000.00 223,350.37
N 30246QAW3 5.19400% 55,000,000.00 214,252.50
OWNTRST FBR0502OT 0.00000% 0.00 0.00
Totals 2,323,010,000.00 7,332,049.30
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
AV1 22,800,988.31 0.00 853,919,011.69 25,488,683.06 0.00
AV2-A1 12,051,569.02 0.00 199,308,430.98 12,682,082.32 0.00
AV2-1B1 17,791,117.36 0.00 217,540,882.64 18,489,612.15 0.00
AV2-1B2 0.00 0.00 76,688,000.00 231,070.53 0.00
AV2-2A 0.00 0.00 154,260,000.00 472,903.31 0.00
AV2-3A 0.00 0.00 134,000,000.00 414,813.75 0.00
AV2-3B1 0.00 0.00 139,180,000.00 428,761.39 0.00
AV2-3B2 0.00 0.00 24,560,000.00 77,686.35 0.00
M-1 0.00 0.00 83,200,000.00 269,412.00 0.00
M-2 0.00 0.00 71,800,000.00 233,574.38 0.00
M-3 0.00 0.00 41,030,000.00 133,783.44 0.00
M-4 0.00 0.00 38,750,000.00 129,546.09 0.00
M-5 0.00 0.00 35,330,000.00 118,907.53 0.00
M-6 0.00 0.00 29,630,000.00 101,279.04 0.00
M-7 0.00 0.00 27,350,000.00 104,357.34 0.00
M-8 0.00 0.00 22,800,000.00 88,706.25 0.00
M-9 0.00 0.00 17,100,000.00 72,942.19 0.00
M-10 0.00 0.00 48,920,000.00 223,350.37 0.00
N 4,693,296.65 0.00 50,306,703.35 4,907,549.15 0.00
OWNTRST 0.00 0.00 0.00 0.00 0.00
Totals 57,336,971.34 0.00 2,265,673,028.66 64,669,020.64 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
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
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
AV1 876,720,000.00 876,720,000.00 0.00 22,800,988.31 0.00 0.00
AV2-A1 211,360,000.00 211,360,000.00 0.00 12,051,569.02 0.00 0.00
AV2-1B1 235,332,000.00 235,332,000.00 0.00 17,791,117.36 0.00 0.00
AV2-1B2 76,688,000.00 76,688,000.00 0.00 0.00 0.00 0.00
AV2-2A 154,260,000.00 154,260,000.00 0.00 0.00 0.00 0.00
AV2-3A 134,000,000.00 134,000,000.00 0.00 0.00 0.00 0.00
AV2-3B1 139,180,000.00 139,180,000.00 0.00 0.00 0.00 0.00
AV2-3B2 24,560,000.00 24,560,000.00 0.00 0.00 0.00 0.00
M-1 83,200,000.00 83,200,000.00 0.00 0.00 0.00 0.00
M-2 71,800,000.00 71,800,000.00 0.00 0.00 0.00 0.00
M-3 41,030,000.00 41,030,000.00 0.00 0.00 0.00 0.00
M-4 38,750,000.00 38,750,000.00 0.00 0.00 0.00 0.00
M-5 35,330,000.00 35,330,000.00 0.00 0.00 0.00 0.00
M-6 29,630,000.00 29,630,000.00 0.00 0.00 0.00 0.00
M-7 27,350,000.00 27,350,000.00 0.00 0.00 0.00 0.00
M-8 22,800,000.00 22,800,000.00 0.00 0.00 0.00 0.00
M-9 17,100,000.00 17,100,000.00 0.00 0.00 0.00 0.00
M-10 48,920,000.00 48,920,000.00 0.00 0.00 0.00 0.00
Totals 2,268,010,000.00 2,268,010,000.00 0.00 52,643,674.69 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
AV1 22,800,988.31 853,919,011.69 0.97399285 22,800,988.31
AV2-A1 12,051,569.02 199,308,430.98 0.94298084 12,051,569.02
AV2-1B1 17,791,117.36 217,540,882.64 0.92439992 17,791,117.36
AV2-1B2 0.00 76,688,000.00 1.00000000 0.00
AV2-2A 0.00 154,260,000.00 1.00000000 0.00
AV2-3A 0.00 134,000,000.00 1.00000000 0.00
AV2-3B1 0.00 139,180,000.00 1.00000000 0.00
AV2-3B2 0.00 24,560,000.00 1.00000000 0.00
M-1 0.00 83,200,000.00 1.00000000 0.00
M-2 0.00 71,800,000.00 1.00000000 0.00
M-3 0.00 41,030,000.00 1.00000000 0.00
M-4 0.00 38,750,000.00 1.00000000 0.00
M-5 0.00 35,330,000.00 1.00000000 0.00
M-6 0.00 29,630,000.00 1.00000000 0.00
M-7 0.00 27,350,000.00 1.00000000 0.00
M-8 0.00 22,800,000.00 1.00000000 0.00
M-9 0.00 17,100,000.00 1.00000000 0.00
M-10 0.00 48,920,000.00 1.00000000 0.00
Totals 52,643,674.69 2,215,366,325.31 0.97678861 52,643,674.69
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
AV1 876,720,000.00 1000.00000000 0.00000000 26.00714973 0.00000000
AV2-A1 211,360,000.00 1000.00000000 0.00000000 57.01915698 0.00000000
AV2-1B1 235,332,000.00 1000.00000000 0.00000000 75.60007717 0.00000000
AV2-1B2 76,688,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AV2-2A 154,260,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AV2-3A 134,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AV2-3B1 139,180,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AV2-3B2 24,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 83,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 71,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 41,030,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 38,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 35,330,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 29,630,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-7 27,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-8 22,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-9 17,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-10 48,920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
N 55,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
OWNTRST 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
AV1 0.00000000 26.00714973 973.99285027 0.97399285 26.00714973
AV2-A1 0.00000000 57.01915698 942.98084302 0.94298084 57.01915698
AV2-1B1 0.00000000 75.60007717 924.39992283 0.92439992 75.60007717
AV2-1B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AV2-2A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AV2-3A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AV2-3B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AV2-3B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
N 0.00000000 85.33266636 914.66733364 0.91466733 85.33266636
OWNTRST 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
AV1 876,720,000.00 4.08750% 876,720,000.00 2,687,694.75 0.00 0.00
AV2-A1 211,360,000.00 3.97750% 211,360,000.00 630,513.30 0.00 0.00
AV2-1B1 235,332,000.00 3.95750% 235,332,000.00 698,494.79 0.00 0.00
AV2-1B2 76,688,000.00 4.01750% 76,688,000.00 231,070.53 0.00 0.00
AV2-2A 154,260,000.00 4.08750% 154,260,000.00 472,903.31 0.00 0.00
AV2-3A 134,000,000.00 4.12750% 134,000,000.00 414,813.75 0.00 0.00
AV2-3B1 139,180,000.00 4.10750% 139,180,000.00 428,761.39 0.00 0.00
AV2-3B2 24,560,000.00 4.21750% 24,560,000.00 77,686.35 0.00 0.00
M-1 83,200,000.00 4.31750% 83,200,000.00 269,412.00 0.00 0.00
M-2 71,800,000.00 4.33750% 71,800,000.00 233,574.38 0.00 0.00
M-3 41,030,000.00 4.34750% 41,030,000.00 133,783.44 0.00 0.00
M-4 38,750,000.00 4.45750% 38,750,000.00 129,546.09 0.00 0.00
M-5 35,330,000.00 4.48750% 35,330,000.00 118,907.53 0.00 0.00
M-6 29,630,000.00 4.55750% 29,630,000.00 101,279.04 0.00 0.00
M-7 27,350,000.00 5.08750% 27,350,000.00 104,357.34 0.00 0.00
M-8 22,800,000.00 5.18750% 22,800,000.00 88,706.25 0.00 0.00
M-9 17,100,000.00 5.68750% 17,100,000.00 72,942.19 0.00 0.00
M-10 48,920,000.00 6.08750% 48,920,000.00 223,350.38 0.00 0.00
N 55,000,000.00 5.19400% 55,000,000.00 214,252.50 0.00 0.00
OWNTRST 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 2,323,010,000.00 7,332,049.31 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
AV1 0.00 0.00 2,687,694.75 0.00 853,919,011.69
AV2-A1 0.00 0.00 630,513.30 0.00 199,308,430.98
AV2-1B1 0.00 0.00 698,494.79 0.00 217,540,882.64
AV2-1B2 0.00 0.00 231,070.53 0.00 76,688,000.00
AV2-2A 0.00 0.00 472,903.31 0.00 154,260,000.00
AV2-3A 0.00 0.00 414,813.75 0.00 134,000,000.00
AV2-3B1 0.00 0.00 428,761.39 0.00 139,180,000.00
AV2-3B2 0.00 0.00 77,686.35 0.00 24,560,000.00
M-1 0.00 0.00 269,412.00 0.00 83,200,000.00
M-2 0.00 0.00 233,574.38 0.00 71,800,000.00
M-3 0.00 0.00 133,783.44 0.00 41,030,000.00
M-4 0.00 0.00 129,546.09 0.00 38,750,000.00
M-5 0.00 0.00 118,907.53 0.00 35,330,000.00
M-6 0.00 0.00 101,279.04 0.00 29,630,000.00
M-7 0.00 0.00 104,357.34 0.00 27,350,000.00
M-8 0.00 0.00 88,706.25 0.00 22,800,000.00
M-9 0.00 0.00 72,942.19 0.00 17,100,000.00
M-10 0.00 0.00 223,350.37 0.00 48,920,000.00
N 0.00 0.00 214,252.50 0.00 50,306,703.35
OWNTRST 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 7,332,049.30 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
AV1 876,720,000.00 4.08750% 1000.00000000 3.06562500 0.00000000 0.00000000
AV2-A1 211,360,000.00 3.97750% 1000.00000000 2.98312500 0.00000000 0.00000000
AV2-1B1 235,332,000.00 3.95750% 1000.00000000 2.96812499 0.00000000 0.00000000
AV2-1B2 76,688,000.00 4.01750% 1000.00000000 3.01312500 0.00000000 0.00000000
AV2-2A 154,260,000.00 4.08750% 1000.00000000 3.06562498 0.00000000 0.00000000
AV2-3A 134,000,000.00 4.12750% 1000.00000000 3.09562500 0.00000000 0.00000000
AV2-3B1 139,180,000.00 4.10750% 1000.00000000 3.08062502 0.00000000 0.00000000
AV2-3B2 24,560,000.00 4.21750% 1000.00000000 3.16312500 0.00000000 0.00000000
M-1 83,200,000.00 4.31750% 1000.00000000 3.23812500 0.00000000 0.00000000
M-2 71,800,000.00 4.33750% 1000.00000000 3.25312507 0.00000000 0.00000000
M-3 41,030,000.00 4.34750% 1000.00000000 3.26062491 0.00000000 0.00000000
M-4 38,750,000.00 4.45750% 1000.00000000 3.34312490 0.00000000 0.00000000
M-5 35,330,000.00 4.48750% 1000.00000000 3.36562496 0.00000000 0.00000000
M-6 29,630,000.00 4.55750% 1000.00000000 3.41812487 0.00000000 0.00000000
M-7 27,350,000.00 5.08750% 1000.00000000 3.81562486 0.00000000 0.00000000
M-8 22,800,000.00 5.18750% 1000.00000000 3.89062500 0.00000000 0.00000000
M-9 17,100,000.00 5.68750% 1000.00000000 4.26562515 0.00000000 0.00000000
M-10 48,920,000.00 6.08750% 1000.00000000 4.56562510 0.00000000 0.00000000
N 55,000,000.00 5.19400% 1000.00000000 3.89550000 0.00000000 0.00000000
OWNTRST 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
AV1 0.00000000 0.00000000 3.06562500 0.00000000 973.99285027
AV2-A1 0.00000000 0.00000000 2.98312500 0.00000000 942.98084302
AV2-1B1 0.00000000 0.00000000 2.96812499 0.00000000 924.39992283
AV2-1B2 0.00000000 0.00000000 3.01312500 0.00000000 1000.00000000
AV2-2A 0.00000000 0.00000000 3.06562498 0.00000000 1000.00000000
AV2-3A 0.00000000 0.00000000 3.09562500 0.00000000 1000.00000000
AV2-3B1 0.00000000 0.00000000 3.08062502 0.00000000 1000.00000000
AV2-3B2 0.00000000 0.00000000 3.16312500 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.23812500 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.25312507 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.26062491 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.34312490 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.36562496 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.41812487 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 3.81562486 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 3.89062500 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 4.26562515 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 4.56562490 0.00000000 1000.00000000
N 0.00000000 0.00000000 3.89550000 0.00000000 914.66733364
OWNTRST 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 66,388,922.79
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 219,424.82
Total Deposits 66,608,347.61
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 1,939,326.97
Payment of Interest and Principal 64,669,020.64
Total Withdrawals (Pool Distribution Amount) 66,608,347.61
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
SERVICING FEES
<s> <c>
Gross Servicing Fee 949,796.46
Credit Risk Manager's Fee 23,744.91
MGIC Fee 956,287.62
Wells Fargo Bank, NA 9,497.98
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 1,939,326.97
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 221 0 0 0 221
38,268,210.02 0.00 0.00 0.00 38,268,210.02
60 Days 27 0 0 0 27
6,671,331.72 0.00 0.00 0.00 6,671,331.72
90 Days 1 0 0 0 1
315,000.00 0.00 0.00 0.00 315,000.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 249 0 0 0 249
45,254,541.74 0.00 0.00 0.00 45,254,541.74
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.960263% 0.000000% 0.000000% 0.000000% 1.960263%
1.717487% 0.000000% 0.000000% 0.000000% 1.717487%
60 Days 0.239489% 0.000000% 0.000000% 0.000000% 0.239489%
0.299411% 0.000000% 0.000000% 0.000000% 0.299411%
90 Days 0.008870% 0.000000% 0.000000% 0.000000% 0.008870%
0.014137% 0.000000% 0.000000% 0.000000% 0.014137%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.208622% 0.000000% 0.000000% 0.000000% 2.208622%
2.031035% 0.000000% 0.000000% 0.000000% 2.031035%
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History*
New REO Loans Month REO Percentage
<s> <c> <s> <c>
Loans in REO 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current REO Total Mar-05 0.000%
Loans in REO 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number REO Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History*
New Foreclosure Loans Month Foreclosure Percentage
<s> <c> <s> <c>
Loans in Foreclosure 0 Nov-04 0.000%
Original Principal Balance 0.00 Dec-04 0.000%
Current Principal Balance 0.00 Jan-05 0.000%
Feb-05 0.000%
Current Foreclosure Total Mar-05 0.000%
Loans in Foreclosure 0 Apr-05 0.000%
Original Principal Balance 0.00 May-05 0.000%
Current Principal Balance 0.00 Jun-05 0.000%
Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
*The text reported in the above table is presented graphically
on the monthly bond remittance report. The monthly bond
remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Month
Loan First Original
Loan Entered Payment LTV at Principal
Group Number FC Date State Origination Balance
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)
Current Paid Current Approximate
Loan Principal To Months Loan Delinquent
Group Number Balance Date Delinquent Rate Interest
<s> <c> <c> <c> <c> <c> <c>
No Foreclosure loans this period.
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.181182%
Weighted Average Net Coupon 6.681182%
Weighted Average Pass-Through Rate 6.663682%
Weighted Average Maturity(Stepdown Calculation) 351
Beginning Scheduled Collateral Loan Count 11,490
Number Of Loans Paid In Full 216
Ending Scheduled Collateral Loan Count 11,274
Beginning Scheduled Collateral Balance 2,279,511,482.16
Ending Scheduled Collateral Balance 2,226,763,882.72
Ending Actual Collateral Balance at 30-Sep-2005 2,228,151,268.12
Monthly P&I Constant 14,974,924.54
Special Servicing Fee 0.00
Prepayment Penalties 219,424.82
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 1,333,601.72
Unscheduled Principal 51,413,997.72
Miscellaneous Reporting
OC Target Amount 11,397,557.41
OC Amount 11,397,557.41
Excess Cash Amount 4,688,122.79
Extra Principal Amount 0.00
OC Release Amount 103,924.75
OC Deficiency Amount 0.00
OC Increase Amount 0.00
Soldier/Sailor 0.00
Misc Adj 0.00
Current LIBOR Rate Used 3.83750%
Next Month's LIBOR Rate 4.03750%
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 7.304271 7.275905 7.740653
Weighted Average Net Rate 6.804271 6.775905 7.240653
Weighted Average Maturity 333 356 308
Beginning Loan Count 1,302 5,359 1,200
Loans Paid In Full 16 95 27
Ending Loan Count 1,286 5,264 1,173
Beginning Scheduled Balance 160,443,973.41 918,599,376.06 163,357,314.43
Ending Scheduled Balance 158,414,385.35 897,782,964.00 159,389,366.19
Record Date 09/30/2005 09/30/2005 09/30/2005
Principal And Interest Constant 1,117,504.95 6,129,527.99 1,174,624.85
Scheduled Principal 140,899.73 559,826.43 120,881.26
Unscheduled Principal 1,888,688.33 20,256,585.63 3,847,066.98
Scheduled Interest 976,605.22 5,569,701.56 1,053,743.59
Servicing Fees 66,851.66 382,749.74 68,065.55
Master Servicing Fees 668.52 3,827.50 680.66
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 1,671.29 9,568.74 1,701.64
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 907,413.75 5,173,555.58 983,295.74
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 Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.786771 6.758405 7.223153
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.990118 7.181182
Weighted Average Net Rate 6.490118 6.681182
Weighted Average Maturity 356 351
Beginning Loan Count 3,629 11,490
Loans Paid In Full 78 216
Ending Loan Count 3,551 11,274
Beginning Scheduled Balance 1,037,110,818.26 2,279,511,482.16
Ending scheduled Balance 1,011,177,167.18 2,226,763,882.72
Record Date 09/30/2005 09/30/2005
Principal And Interest Constant 6,553,266.75 14,974,924.54
Scheduled Principal 511,994.30 1,333,601.72
Unscheduled Principal 25,421,656.78 51,413,997.72
Scheduled Interest 6,041,272.45 13,641,322.82
Servicing Fees 432,129.51 949,796.46
Master Servicing Fees 4,321.30 9,497.98
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 10,803.24 23,744.91
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 5,594,018.40 12,658,283.47
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.472618 6.663682
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>
Total 216 50,882,980.40 50,774,326.08 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>
Total 0 0.00 0.00 0 0.00 0.00 669,789.17
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 0000184235 CA 89.33 01-Mar-2005 335,000.00 334,996.44
Group 1 0000194279 FL 84.46 01-Apr-2005 125,000.00 124,023.11
Group 1 0000202530 IL 90.00 01-May-2005 125,100.00 124,474.44
Group 1 0000202676 CA 78.36 01-May-2005 210,000.00 209,318.68
Group 1 0000215895 CA 62.97 01-Jun-2005 233,000.00 232,320.37
Group 1 0000219087 WA 100.00 01-Jul-2005 45,000.00 44,880.82
Group 1 0000220055 FL 70.00 01-Jul-2005 115,500.00 115,280.23
Group 1 0041479601 CA 100.00 01-May-2005 69,000.00 68,791.84
Group 1 0041694332 MO 80.00 01-Jul-2005 68,000.00 67,903.76
Group 1 0041761065 OH 85.00 01-Jul-2005 77,350.00 77,234.45
Group 1 0041808445 PA 50.00 01-Aug-2005 30,000.00 29,935.93
Group 1 0041879636 AZ 100.00 01-Aug-2005 36,000.00 35,965.05
Group 1 1000721292 FL 84.16 01-Aug-2005 170,000.00 169,616.83
Group 1 1000731664 CA 100.00 01-Aug-2005 39,800.00 39,727.14
Group 1 1000740541 IL 100.00 01-Aug-2005 38,000.00 37,948.04
Group 1 1000762028 CA 100.00 01-Aug-2005 64,000.00 63,934.56
Group 2 0000175815 CT 85.00 01-Mar-2005 246,500.00 244,498.40
Group 2 0000180213 CA 65.00 01-Mar-2005 182,000.00 180,347.16
Group 2 0000181231 CA 80.00 01-Mar-2005 304,000.00 303,999.99
Group 2 0000181760 IL 90.00 01-Mar-2005 247,500.00 245,791.25
Group 2 0000182035 CA 71.69 01-Mar-2005 238,000.00 235,757.72
Group 2 0000182587 CA 75.00 01-Apr-2005 298,500.00 295,425.64
Group 2 0000183302 CA 80.00 01-Mar-2005 300,000.00 300,000.00
Group 2 0000185442 CA 67.00 01-May-2005 177,550.00 176,800.93
Group 2 0000186242 FL 80.00 01-Apr-2005 145,600.00 144,629.78
Group 2 0000186576 MD 65.00 01-May-2005 191,750.00 190,968.57
Group 2 0000186811 MD 89.06 01-Apr-2005 285,000.00 285,000.00
Group 2 0000187436 IL 94.81 01-Apr-2005 256,000.00 254,770.77
Group 2 0000188037 CA 50.63 01-May-2005 120,000.00 119,736.70
Group 2 0000188824 CA 73.40 01-Apr-2005 275,250.00 275,237.97
Group 2 0000190677 IL 80.00 01-Apr-2005 175,200.00 174,240.73
Group 2 0000190822 CA 84.51 01-Apr-2005 300,000.00 298,315.31
Group 2 0000191388 IL 80.00 01-Apr-2005 272,000.00 270,522.76
Group 2 0000191755 CA 80.00 01-Apr-2005 169,600.00 167,357.81
Group 2 0000191938 CA 85.00 01-Apr-2005 357,000.00 356,898.99
Group 2 0000192019 FL 85.00 01-May-2005 67,150.00 66,811.59
Group 2 0000192152 CA 85.00 01-Apr-2005 300,900.00 300,900.00
Group 2 0000192337 IL 85.00 01-Apr-2005 170,850.00 170,026.35
Group 2 0000192843 PA 95.00 01-May-2005 64,600.00 64,297.80
Group 2 0000193037 MD 75.00 01-Apr-2005 161,250.00 160,261.57
Group 2 0000195048 MD 78.43 01-May-2005 109,800.00 109,302.36
Group 2 0000195877 VA 67.42 01-May-2005 300,000.00 298,182.08
Group 2 0000196126 GA 85.00 01-May-2005 51,000.00 50,823.98
Group 2 0000196658 CA 72.19 01-May-2005 109,000.00 108,258.90
Group 2 0000197409 IL 91.15 01-May-2005 337,250.00 335,659.98
Group 2 0000197967 CA 68.45 01-May-2005 243,000.00 241,726.86
Group 2 0000198068 NM 85.00 01-May-2005 185,300.00 184,436.62
Group 2 0000198337 NJ 60.71 01-May-2005 350,000.00 348,336.83
Group 2 0000198681 CA 95.00 01-May-2005 270,750.00 270,750.00
Group 2 0000199476 NY 90.00 01-May-2005 450,000.00 448,223.41
Group 2 0000199529 IL 90.00 01-May-2005 157,500.00 157,480.56
Group 2 0000199725 CA 85.00 01-May-2005 250,750.00 249,544.30
Group 2 0000200161 CA 85.00 01-May-2005 195,500.00 195,499.99
Group 2 0000201472 MA 36.00 01-May-2005 135,000.00 134,538.80
Group 2 0000202430 OH 72.41 01-May-2005 105,000.00 104,057.52
Group 2 0000202928 NV 74.47 01-May-2005 175,000.00 174,999.98
Group 2 0000206540 MD 90.00 01-Jun-2005 189,000.00 189,000.00
Group 2 0000208112 MD 85.00 01-Jun-2005 217,600.00 216,946.62
Group 2 0000208672 VA 80.00 01-Jun-2005 260,000.00 258,911.27
Group 2 0000209168 HI 90.00 01-Jun-2005 391,500.00 390,622.87
Group 2 0000210808 IL 88.10 01-Jun-2005 185,000.00 184,721.22
Group 2 0000211230 CA 84.03 01-Jun-2005 350,000.00 350,000.00
Group 2 0000216380 CA 69.70 01-Jul-2005 230,000.00 229,308.34
Group 2 0000217812 IL 94.91 01-Jul-2005 261,000.00 260,470.03
Group 2 0000222253 MI 90.00 01-Jul-2005 103,500.00 103,248.47
Group 2 0000227755 NV 75.26 01-Jul-2005 174,600.00 174,600.00
Group 2 0000227879 NJ 85.00 01-Aug-2005 297,500.00 296,925.78
Group 2 0000233886 CA 69.17 01-Aug-2005 415,000.00 415,000.00
Group 2 0000235229 NJ 75.00 01-Aug-2005 337,500.00 337,200.17
Group 2 0000239479 CA 67.56 01-Sep-2005 240,500.00 240,053.31
Group 2 0041226358 HI 100.00 01-May-2005 330,000.00 328,078.45
Group 2 0041429036 DC 90.00 01-Jun-2005 173,700.00 173,032.28
Group 2 0041541699 IL 83.14 01-Jun-2005 153,800.00 153,307.25
Group 2 0041548124 OH 75.73 01-Jul-2005 78,000.00 77,686.46
Group 2 0041562356 IL 50.00 01-Jun-2005 155,000.00 154,310.86
Group 2 0041563776 OH 74.49 01-Jun-2005 73,000.00 72,665.80
Group 2 0041592718 IL 80.00 01-Jun-2005 156,800.00 156,178.50
Group 2 0041621194 SC 80.00 01-Jun-2005 40,000.00 39,891.68
Group 2 0041625161 MO 90.00 01-Jul-2005 67,500.00 67,320.65
Group 2 0041670688 MO 80.00 01-Jul-2005 68,000.00 67,877.88
Group 2 0041704438 OH 71.26 01-Jul-2005 62,000.00 61,772.85
Group 2 0041728494 IL 65.00 01-Jul-2005 533,000.00 531,472.96
Group 2 0041746157 UT 85.00 01-Jul-2005 108,800.00 108,538.90
Group 2 0041761750 FL 90.00 01-Jul-2005 117,000.00 116,638.80
Group 2 0041765272 IL 80.00 01-Jul-2005 157,600.00 157,088.84
Group 2 0041793175 AZ 90.00 01-Aug-2005 121,500.00 121,258.72
Group 2 0041797473 VA 85.00 01-Aug-2005 89,675.00 89,510.01
Group 2 0041800160 AZ 77.73 01-Aug-2005 171,000.00 170,553.64
Group 2 0041810995 MD 89.86 01-Aug-2005 328,000.00 327,184.71
Group 2 0041814815 FL 90.00 01-Aug-2005 265,578.00 265,076.77
Group 2 0041817586 CA 85.00 01-Aug-2005 225,250.00 224,755.31
Group 2 0041818592 AZ 90.00 01-Aug-2005 279,000.00 278,337.58
Group 2 0041830696 CA 90.00 01-Aug-2005 112,500.00 112,265.01
Group 2 0041837964 NM 90.00 01-Aug-2005 177,300.00 177,005.74
Group 2 0041881590 AZ 80.00 01-Aug-2005 143,200.00 142,885.52
Group 2 0041894619 AZ 85.00 01-Aug-2005 109,650.00 109,420.97
Group 2 00QB550937 FL 65.00 01-Jul-2005 137,800.00 137,501.75
Group 2 0503081206 CA 78.13 01-Jul-2005 200,000.00 200,000.00
Group 2 0503185103 NJ 80.00 01-Jul-2005 146,400.00 146,400.00
Group 2 0504011238 MD 75.00 01-Jul-2005 275,250.00 274,640.52
Group 2 0504123825 NM 90.00 01-Jun-2005 212,400.00 211,809.88
Group 2 0504134597 IL 90.00 01-Jul-2005 283,500.00 282,804.22
Group 2 0504269546 CT 77.61 01-Jul-2005 260,000.00 259,258.81
Group 2 0504269867 MA 80.00 01-Jul-2005 158,400.00 158,012.07
Group 2 0504283097 MN 73.75 01-Jul-2005 177,000.00 177,000.00
Group 2 0505131036 FL 84.97 01-Jul-2005 136,800.00 136,410.01
Group 2 0505200696 AZ 87.86 01-Aug-2005 246,000.00 245,496.43
Group 2 1000734049 IL 80.00 01-Aug-2005 320,000.00 319,122.36
Group 2 1000740439 CA 95.00 01-Jul-2005 323,000.00 323,000.00
Group 2 1000751790 FL 80.00 01-Aug-2005 175,920.00 175,612.23
Group 2 1000761779 CA 80.00 01-Aug-2005 256,000.00 256,000.00
Group 3 0000165778 CA 80.00 01-Feb-2005 212,000.00 210,332.67
Group 3 0000191081 IL 65.84 01-May-2005 160,000.00 159,199.96
Group 3 0000201068 CA 58.43 01-May-2005 149,000.00 148,551.90
Group 3 0000205276 CA 62.64 01-May-2005 287,500.00 285,510.14
Group 3 0000208790 CA 100.00 01-Jun-2005 99,400.00 99,311.68
Group 3 0000215951 CA 100.00 01-Jun-2005 25,000.00 24,974.43
Group 3 0000217873 CA 100.00 01-Jul-2005 46,000.00 45,923.88
Group 3 0000218792 IL 100.00 01-Jul-2005 71,000.00 70,952.86
Group 3 0000220572 CA 100.00 01-Jul-2005 43,998.00 43,935.00
Group 3 0000224435 MD 80.00 01-Jul-2005 252,000.00 251,551.05
Group 3 0041589755 MS 54.48 01-Jul-2005 51,600.00 51,482.39
Group 3 0041706870 OH 85.00 01-Jul-2005 76,500.00 76,338.65
Group 3 0041741380 GA 100.00 01-Jul-2005 48,000.00 47,942.52
Group 3 0041895251 IL 100.00 01-Aug-2005 62,000.00 61,938.16
Group 3 0041898560 FL 100.00 01-Aug-2005 51,980.00 51,923.75
Group 3 00QB542815 CA 80.00 01-Jul-2005 284,000.00 284,000.00
Group 3 0503297125 GA 80.00 01-Jul-2005 200,000.00 199,556.95
Group 3 0504226490 CA 23.64 01-Jul-2005 130,000.00 129,557.20
Group 3 0505026155 AL 80.00 01-Jul-2005 104,000.00 103,731.97
Group 3 0505095402 CA 74.49 01-Jul-2005 365,000.00 365,000.00
Group 3 1000715677 CA 100.00 01-Aug-2005 79,800.00 79,687.39
Group 3 1000734083 IL 93.75 01-Aug-2005 55,000.00 54,920.71
Group 3 1000755693 CA 100.00 01-Aug-2005 97,000.00 96,869.91
Group 3 1000764255 CA 100.00 01-Jul-2005 87,180.00 87,039.60
Group 3 1000772704 IL 100.00 01-Aug-2005 38,000.00 37,951.78
Group 3 5000001923 CA 63.49 01-May-2005 200,000.00 199,139.78
Group 3 5000003984 MD 72.99 01-Jul-2005 500,000.00 498,877.58
Group 4 0000176737 CA 80.00 01-Feb-2005 200,000.00 199,992.23
Group 4 0000191502 CA 80.90 01-Apr-2005 586,500.00 586,500.00
Group 4 0000191888 CA 95.00 01-May-2005 389,500.00 387,853.57
Group 4 0000191893 CA 85.00 01-Apr-2005 369,750.00 367,586.68
Group 4 0000192136 NJ 80.77 01-Apr-2005 525,000.00 521,623.25
Group 4 0000193522 VA 80.00 01-Apr-2005 160,000.00 158,754.80
Group 4 0000194012 MD 80.00 01-May-2005 520,000.00 517,113.38
Group 4 0000194588 MD 85.00 01-Apr-2005 119,000.00 118,397.69
Group 4 0000194746 CA 79.72 01-May-2005 287,000.00 285,331.29
Group 4 0000195198 IL 90.00 01-May-2005 450,000.00 447,749.92
Group 4 0000195298 IL 90.00 01-May-2005 490,500.00 487,823.87
Group 4 0000195601 FL 95.00 01-May-2005 251,750.00 250,491.19
Group 4 0000195669 CA 70.00 01-May-2005 252,000.00 251,278.58
Group 4 0000196201 IL 80.00 01-May-2005 463,200.00 463,200.00
Group 4 0000196650 MA 74.95 01-May-2005 374,000.00 372,523.48
Group 4 0000196976 IL 80.00 01-May-2005 176,000.00 174,992.57
Group 4 0000197278 CA 85.00 01-May-2005 352,750.00 352,750.00
Group 4 0000197858 IL 100.00 01-May-2005 331,000.00 329,787.74
Group 4 0000198610 NV 95.00 01-May-2005 361,000.00 359,366.60
Group 4 0000200850 VA 85.00 01-May-2005 73,950.00 73,615.51
Group 4 0000201391 FL 100.00 01-Jun-2005 255,990.00 255,568.28
Group 4 0000202551 CA 90.00 01-May-2005 414,000.00 414,000.00
Group 4 0000203613 FL 80.00 01-May-2005 248,000.00 248,000.00
Group 4 0000206333 CA 90.00 01-Jun-2005 373,500.00 372,620.60
Group 4 0000210347 CA 95.00 01-Jun-2005 365,750.00 364,359.26
Group 4 0000211493 MD 89.19 01-Jun-2005 165,000.00 164,648.35
Group 4 0000212552 CA 90.00 01-Jun-2005 490,500.00 489,643.02
Group 4 0000216167 CA 79.29 01-Jul-2005 444,000.00 444,000.00
Group 4 0000219368 CA 69.11 01-Jul-2005 425,000.00 425,000.00
Group 4 0000222897 SC 95.00 01-Jul-2005 50,350.00 50,262.26
Group 4 0000224218 IA 80.00 01-Aug-2005 208,000.00 207,710.72
Group 4 0000224481 IL 90.00 01-Jul-2005 382,500.00 381,812.70
Group 4 0000227135 CA 85.00 01-Aug-2005 450,500.00 450,500.00
Group 4 0000232671 MD 84.84 01-Aug-2005 386,000.00 385,617.95
Group 4 0040906810 NC 100.00 01-Jan-2005 144,000.00 142,279.25
Group 4 0041553140 AZ 100.00 01-Jul-2005 625,000.00 623,164.10
Group 4 0041609108 FL 80.00 01-Jul-2005 320,000.00 318,773.60
Group 4 0041617028 DC 100.00 01-Jul-2005 445,000.00 443,904.55
Group 4 0041636564 CO 90.00 01-Jul-2005 540,000.00 538,684.12
Group 4 0041637844 MO 80.00 01-Jul-2005 512,000.00 510,862.82
Group 4 0041674052 IL 80.00 01-Jul-2005 286,000.00 286,000.00
Group 4 0041695891 IL 83.33 01-Jul-2005 700,000.00 700,000.00
Group 4 0041728320 NJ 95.00 01-Jul-2005 247,000.00 246,327.69
Group 4 0041743949 MI 90.00 01-Jul-2005 112,500.00 112,223.88
Group 4 0041754557 NY 90.00 01-Aug-2005 697,500.00 695,723.26
Group 4 0041756248 GA 80.00 01-Jul-2005 192,000.00 191,312.77
Group 4 0041780594 CA 70.00 01-Aug-2005 367,500.00 366,890.10
Group 4 0041789256 CA 88.34 01-Aug-2005 750,000.00 748,354.58
Group 4 0041813700 IL 85.00 01-Aug-2005 616,250.00 615,116.27
Group 4 0041819061 CO 75.00 01-Aug-2005 472,500.00 471,571.19
Group 4 0041819194 NJ 65.37 01-Aug-2005 185,000.00 184,584.71
Group 4 0041828336 MI 80.00 01-Aug-2005 131,200.00 130,823.86
Group 4 0041831777 IL 80.00 01-Aug-2005 264,000.00 263,345.72
Group 4 0041845603 IL 80.00 01-Aug-2005 236,000.00 235,415.12
Group 4 0041846676 NM 85.00 01-Aug-2005 372,300.00 371,328.22
Group 4 0041898354 FL 80.00 01-Aug-2005 207,918.00 207,413.73
Group 4 00QB532926 CA 70.00 01-Jun-2005 245,000.00 243,982.09
Group 4 00QB542034 CA 59.70 01-Jul-2005 400,000.00 398,610.78
Group 4 00QB550226 CA 80.00 01-Jul-2005 400,000.00 398,913.46
Group 4 0503297315 FL 80.00 01-Jun-2005 224,000.00 223,158.29
Group 4 0504135194 NJ 70.00 01-Jul-2005 182,000.00 181,454.59
Group 4 0504145886 MI 85.00 01-Jul-2005 85,000.00 84,812.14
Group 4 0504214767 FL 80.00 01-Jun-2005 232,462.40 232,462.40
Group 4 0504214768 CA 79.40 01-Jul-2005 333,500.00 332,524.52
Group 4 0504258857 NJ 90.00 01-Jul-2005 607,500.00 605,768.23
Group 4 0504259154 NJ 95.00 01-Jul-2005 260,300.00 259,592.90
Group 4 0504283255 MI 95.00 01-Jul-2005 80,750.00 80,499.71
Group 4 0505063113 FL 100.00 01-Jul-2005 129,009.00 128,693.03
Group 4 0505163050 NJ 80.00 01-Jul-2005 227,200.00 226,582.84
Group 4 0505198435 IL 80.00 01-Jul-2005 188,000.00 187,424.18
Group 4 1000709524 UT 80.00 01-Aug-2005 193,600.00 193,180.75
Group 4 1000714047 CA 80.00 01-Aug-2005 319,200.00 319,200.00
Group 4 1000733565 UT 61.33 01-Aug-2005 230,000.00 229,255.36
Group 4 1000742543 IL 80.00 01-Aug-2005 152,000.00 152,000.00
Group 4 1000755671 CA 80.00 01-Aug-2005 388,000.00 388,000.00
Group 4 1000759585 FL 70.00 01-Aug-2005 97,300.00 97,155.25
Group 4 1000764086 CA 80.00 01-Jul-2005 348,720.00 347,477.90
Group 4 5000001972 AZ 90.00 01-May-2005 198,000.00 197,719.04
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 0000184235 Loan Paid in Full 0 6.340% 360 7
Group 1 0000194279 Loan Paid in Full 0 6.375% 360 6
Group 1 0000202530 Loan Paid in Full 0 6.990% 360 5
Group 1 0000202676 Loan Paid in Full 0 9.140% 360 5
Group 1 0000215895 Loan Paid in Full 0 6.150% 360 4
Group 1 0000219087 Loan Paid in Full 0 9.990% 240 3
Group 1 0000220055 Loan Paid in Full 0 6.250% 360 3
Group 1 0041479601 Loan Paid in Full 0 9.490% 180 5
Group 1 0041694332 Loan Paid in Full 0 11.100% 360 3
Group 1 0041761065 Loan Paid in Full 0 10.850% 360 3
Group 1 0041808445 Loan Paid in Full 0 7.740% 360 2
Group 1 0041879636 Loan Paid in Full 0 11.490% 180 2
Group 1 1000721292 Loan Paid in Full 0 7.470% 360 2
Group 1 1000731664 Loan Paid in Full 0 8.500% 180 2
Group 1 1000740541 Loan Paid in Full 0 9.900% 180 2
Group 1 1000762028 Loan Paid in Full 0 11.250% 180 2
Group 2 0000175815 Loan Paid in Full 0 5.990% 360 7
Group 2 0000180213 Loan Paid in Full 0 5.390% 360 7
Group 2 0000181231 Loan Paid in Full 0 5.740% 360 7
Group 2 0000181760 Loan Paid in Full 0 6.840% 360 7
Group 2 0000182035 Loan Paid in Full 0 5.190% 360 7
Group 2 0000182587 Loan Paid in Full 0 5.640% 360 6
Group 2 0000183302 Loan Paid in Full 0 5.790% 360 7
Group 2 0000185442 Loan Paid in Full 0 7.850% 360 5
Group 2 0000186242 Loan Paid in Full 0 6.315% 360 6
Group 2 0000186576 Loan Paid in Full 0 8.040% 360 5
Group 2 0000186811 Loan Paid in Full 0 7.500% 360 6
Group 2 0000187436 Loan Paid in Full 0 7.990% 360 6
Group 2 0000188037 Loan Paid in Full 0 10.990% 360 5
Group 2 0000188824 Loan Paid in Full 0 5.540% 360 6
Group 2 0000190677 Loan Paid in Full 0 7.440% 360 6
Group 2 0000190822 Loan Paid in Full 0 8.950% 360 6
Group 2 0000191388 Loan Paid in Full 0 7.370% 360 6
Group 2 0000191755 Loan Paid in Full 0 5.190% 360 6
Group 2 0000191938 Loan Paid in Full 0 6.790% 360 6
Group 2 0000192019 Loan Paid in Full 0 6.950% 360 5
Group 2 0000192152 Loan Paid in Full 0 5.350% 360 6
Group 2 0000192337 Loan Paid in Full 0 7.970% 360 6
Group 2 0000192843 Loan Paid in Full 0 7.390% 360 5
Group 2 0000193037 Loan Paid in Full 0 6.750% 360 6
Group 2 0000195048 Loan Paid in Full 0 7.490% 360 5
Group 2 0000195877 Loan Paid in Full 0 5.990% 360 5
Group 2 0000196126 Loan Paid in Full 0 8.840% 360 5
Group 2 0000196658 Loan Paid in Full 0 5.375% 360 5
Group 2 0000197409 Loan Paid in Full 0 7.290% 360 5
Group 2 0000197967 Loan Paid in Full 0 6.750% 360 5
Group 2 0000198068 Loan Paid in Full 0 7.350% 360 5
Group 2 0000198337 Loan Paid in Full 0 7.250% 360 5
Group 2 0000198681 Loan Paid in Full 0 7.100% 360 5
Group 2 0000199476 Loan Paid in Full 0 7.250% 360 5
Group 2 0000199529 Loan Paid in Full 0 7.090% 360 5
Group 2 0000199725 Loan Paid in Full 0 7.190% 360 5
Group 2 0000200161 Loan Paid in Full 0 5.990% 360 5
Group 2 0000201472 Loan Paid in Full 0 8.890% 360 5
Group 2 0000202430 Loan Paid in Full 0 6.900% 360 5
Group 2 0000202928 Loan Paid in Full 0 6.350% 360 5
Group 2 0000206540 Loan Paid in Full 0 7.390% 360 4
Group 2 0000208112 Loan Paid in Full 0 7.490% 360 4
Group 2 0000208672 Loan Paid in Full 0 6.950% 360 4
Group 2 0000209168 Loan Paid in Full 0 7.500% 360 4
Group 2 0000210808 Loan Paid in Full 0 7.440% 360 4
Group 2 0000211230 Loan Paid in Full 0 6.540% 360 4
Group 2 0000216380 Loan Paid in Full 0 5.990% 360 3
Group 2 0000217812 Loan Paid in Full 0 7.990% 360 3
Group 2 0000222253 Loan Paid in Full 0 7.090% 360 3
Group 2 0000227755 Loan Paid in Full 0 6.750% 360 3
Group 2 0000227879 Loan Paid in Full 0 8.240% 360 2
Group 2 0000233886 Loan Paid in Full 0 6.640% 360 2
Group 2 0000235229 Loan Paid in Full 0 11.890% 360 2
Group 2 0000239479 Loan Paid in Full 0 6.375% 360 1
Group 2 0041226358 Loan Paid in Full 0 6.500% 360 5
Group 2 0041429036 Loan Paid in Full 0 7.385% 360 4
Group 2 0041541699 Loan Paid in Full 0 8.365% 360 4
Group 2 0041548124 Loan Paid in Full 0 5.990% 360 3
Group 2 0041562356 Loan Paid in Full 0 7.500% 360 4
Group 2 0041563776 Loan Paid in Full 0 6.490% 360 4
Group 2 0041592718 Loan Paid in Full 0 7.230% 360 4
Group 2 0041621194 Loan Paid in Full 0 9.115% 360 4
Group 2 0041625161 Loan Paid in Full 0 8.100% 360 3
Group 2 0041670688 Loan Paid in Full 0 9.990% 360 3
Group 2 0041704438 Loan Paid in Full 0 6.475% 360 3
Group 2 0041728494 Loan Paid in Full 0 7.725% 360 3
Group 2 0041746157 Loan Paid in Full 0 8.600% 360 3
Group 2 0041761750 Loan Paid in Full 0 7.350% 360 3
Group 2 0041765272 Loan Paid in Full 0 7.100% 360 3
Group 2 0041793175 Loan Paid in Full 0 8.100% 360 2
Group 2 0041797473 Loan Paid in Full 0 8.475% 360 2
Group 2 0041800160 Loan Paid in Full 0 6.725% 360 2
Group 2 0041810995 Loan Paid in Full 0 6.975% 360 2
Group 2 0041814815 Loan Paid in Full 0 8.350% 360 2
Group 2 0041817586 Loan Paid in Full 0 7.600% 360 2
Group 2 0041818592 Loan Paid in Full 0 7.240% 360 2
Group 2 0041830696 Loan Paid in Full 0 7.850% 360 2
Group 2 0041837964 Loan Paid in Full 0 8.975% 360 2
Group 2 0041881590 Loan Paid in Full 0 7.600% 360 2
Group 2 0041894619 Loan Paid in Full 0 7.850% 360 2
Group 2 00QB550937 Loan Paid in Full 0 9.100% 360 3
Group 2 0503081206 Loan Paid in Full 0 7.500% 360 3
Group 2 0503185103 Loan Paid in Full 0 7.875% 360 3
Group 2 0504011238 Loan Paid in Full 0 8.990% 360 3
Group 2 0504123825 Loan Paid in Full 0 8.990% 360 4
Group 2 0504134597 Loan Paid in Full 0 8.490% 360 3
Group 2 0504269546 Loan Paid in Full 0 7.750% 360 3
Group 2 0504269867 Loan Paid in Full 0 8.500% 360 3
Group 2 0504283097 Loan Paid in Full 0 6.050% 360 3
Group 2 0505131036 Loan Paid in Full 0 7.750% 360 3
Group 2 0505200696 Loan Paid in Full 0 7.950% 360 2
Group 2 1000734049 Loan Paid in Full 0 6.470% 360 2
Group 2 1000740439 Loan Paid in Full 0 8.295% 360 3
Group 2 1000751790 Loan Paid in Full 0 8.720% 360 2
Group 2 1000761779 Loan Paid in Full 0 7.570% 360 2
Group 3 0000165778 Loan Paid in Full 0 6.790% 360 8
Group 3 0000191081 Loan Paid in Full 0 6.990% 360 5
Group 3 0000201068 Loan Paid in Full 0 5.990% 360 5
Group 3 0000205276 Loan Paid in Full 0 5.490% 360 5
Group 3 0000208790 Loan Paid in Full 0 10.000% 180 4
Group 3 0000215951 Loan Paid in Full 0 11.250% 180 4
Group 3 0000217873 Loan Paid in Full 0 8.990% 180 3
Group 3 0000218792 Loan Paid in Full 0 11.350% 180 3
Group 3 0000220572 Loan Paid in Full 0 9.350% 240 3
Group 3 0000224435 Loan Paid in Full 0 6.590% 360 3
Group 3 0041589755 Loan Paid in Full 0 8.850% 360 3
Group 3 0041706870 Loan Paid in Full 0 9.225% 360 3
Group 3 0041741380 Loan Paid in Full 0 11.865% 180 3
Group 3 0041895251 Loan Paid in Full 0 11.365% 180 2
Group 3 0041898560 Loan Paid in Full 0 10.990% 180 2
Group 3 00QB542815 Loan Paid in Full 0 6.250% 360 3
Group 3 0503297125 Loan Paid in Full 0 8.990% 360 3
Group 3 0504226490 Loan Paid in Full 0 6.850% 360 3
Group 3 0505026155 Loan Paid in Full 0 8.250% 360 3
Group 3 0505095402 Loan Paid in Full 0 6.400% 360 3
Group 3 1000715677 Loan Paid in Full 0 9.750% 180 2
Group 3 1000734083 Loan Paid in Full 0 9.650% 180 2
Group 3 1000755693 Loan Paid in Full 0 9.990% 180 2
Group 3 1000764255 Loan Paid in Full 0 10.500% 180 3
Group 3 1000772704 Loan Paid in Full 0 10.250% 180 2
Group 3 5000001923 Loan Paid in Full 0 7.753% 360 5
Group 3 5000003984 Loan Paid in Full 0 7.490% 360 3
Group 4 0000176737 Loan Paid in Full 0 5.740% 360 8
Group 4 0000191502 Loan Paid in Full 0 6.050% 360 6
Group 4 0000191888 Loan Paid in Full 0 7.840% 360 5
Group 4 0000191893 Loan Paid in Full 0 6.990% 360 6
Group 4 0000192136 Loan Paid in Full 0 6.500% 360 6
Group 4 0000193522 Loan Paid in Full 0 5.490% 360 6
Group 4 0000194012 Loan Paid in Full 0 6.450% 360 5
Group 4 0000194588 Loan Paid in Full 0 7.990% 360 6
Group 4 0000194746 Loan Paid in Full 0 6.240% 360 5
Group 4 0000195198 Loan Paid in Full 0 6.990% 360 5
Group 4 0000195298 Loan Paid in Full 0 6.540% 360 5
Group 4 0000195601 Loan Paid in Full 0 6.990% 360 5
Group 4 0000195669 Loan Paid in Full 0 9.740% 360 5
Group 4 0000196201 Loan Paid in Full 0 6.690% 360 5
Group 4 0000196650 Loan Paid in Full 0 7.250% 360 5
Group 4 0000196976 Loan Paid in Full 0 6.290% 360 5
Group 4 0000197278 Loan Paid in Full 0 5.800% 360 5
Group 4 0000197858 Loan Paid in Full 0 8.550% 360 5
Group 4 0000198610 Loan Paid in Full 0 7.635% 360 5
Group 4 0000200850 Loan Paid in Full 0 7.500% 360 5
Group 4 0000201391 Loan Paid in Full 0 6.990% 360 4
Group 4 0000202551 Loan Paid in Full 0 6.340% 360 5
Group 4 0000203613 Loan Paid in Full 0 5.680% 360 5
Group 4 0000206333 Loan Paid in Full 0 7.250% 360 4
Group 4 0000210347 Loan Paid in Full 0 7.440% 360 4
Group 4 0000211493 Loan Paid in Full 0 7.750% 360 4
Group 4 0000212552 Loan Paid in Full 0 6.690% 360 4
Group 4 0000216167 Loan Paid in Full 0 6.340% 360 3
Group 4 0000219368 Loan Paid in Full 0 6.070% 360 3
Group 4 0000222897 Loan Paid in Full 0 8.740% 360 3
Group 4 0000224218 Loan Paid in Full 0 7.840% 360 2
Group 4 0000224481 Loan Paid in Full 0 8.590% 360 3
Group 4 0000227135 Loan Paid in Full 0 7.490% 360 2
Group 4 0000232671 Loan Paid in Full 0 9.490% 360 2
Group 4 0040906810 Loan Paid in Full 0 5.240% 360 9
Group 4 0041553140 Loan Paid in Full 0 7.600% 360 3
Group 4 0041609108 Loan Paid in Full 0 6.240% 360 3
Group 4 0041617028 Loan Paid in Full 0 8.475% 360 3
Group 4 0041636564 Loan Paid in Full 0 8.740% 360 3
Group 4 0041637844 Loan Paid in Full 0 8.975% 360 3
Group 4 0041674052 Loan Paid in Full 0 7.500% 360 3
Group 4 0041695891 Loan Paid in Full 0 7.500% 360 3
Group 4 0041728320 Loan Paid in Full 0 7.980% 360 3
Group 4 0041743949 Loan Paid in Full 0 8.490% 360 3
Group 4 0041754557 Loan Paid in Full 0 6.850% 360 2
Group 4 0041756248 Loan Paid in Full 0 6.595% 360 3
Group 4 0041780594 Loan Paid in Full 0 8.975% 360 2
Group 4 0041789256 Loan Paid in Full 0 7.605% 360 2
Group 4 0041813700 Loan Paid in Full 0 8.475% 360 2
Group 4 0041819061 Loan Paid in Full 0 8.150% 360 2
Group 4 0041819194 Loan Paid in Full 0 7.490% 360 2
Group 4 0041828336 Loan Paid in Full 0 6.240% 360 2
Group 4 0041831777 Loan Paid in Full 0 6.990% 360 2
Group 4 0041845603 Loan Paid in Full 0 6.990% 360 2
Group 4 0041846676 Loan Paid in Full 0 6.725% 360 2
Group 4 0041898354 Loan Paid in Full 0 7.100% 360 2
Group 4 00QB532926 Loan Paid in Full 0 6.990% 360 4
Group 4 00QB542034 Loan Paid in Full 0 6.750% 360 3
Group 4 00QB550226 Loan Paid in Full 0 7.990% 360 3
Group 4 0503297315 Loan Paid in Full 0 7.500% 360 4
Group 4 0504135194 Loan Paid in Full 0 7.500% 360 3
Group 4 0504145886 Loan Paid in Full 0 8.999% 360 3
Group 4 0504214767 Loan Paid in Full 0 7.650% 360 4
Group 4 0504214768 Loan Paid in Full 0 8.490% 360 3
Group 4 0504258857 Loan Paid in Full 0 7.750% 360 3
Group 4 0504259154 Loan Paid in Full 0 7.990% 360 3
Group 4 0504283255 Loan Paid in Full 0 7.330% 360 3
Group 4 0505063113 Loan Paid in Full 0 8.500% 360 3
Group 4 0505163050 Loan Paid in Full 0 7.990% 360 3
Group 4 0505198435 Loan Paid in Full 0 7.390% 360 3
Group 4 1000709524 Loan Paid in Full 0 7.670% 360 2
Group 4 1000714047 Loan Paid in Full 0 6.990% 360 2
Group 4 1000733565 Loan Paid in Full 0 5.600% 360 2
Group 4 1000742543 Loan Paid in Full 0 6.070% 360 2
Group 4 1000755671 Loan Paid in Full 0 6.990% 360 2
Group 4 1000759585 Loan Paid in Full 0 9.500% 360 2
Group 4 1000764086 Loan Paid in Full 0 6.620% 360 3
Group 4 5000001972 Loan Paid in Full 0 7.740% 360 5
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.257% Current Month 23.961% Current Month 3,762.938%
3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000%
12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000%
CPR: Current vs 12mo Average* PSA: Current vs 12mo Average*
Month Current 12mo Avg. Month Current 12mo Avg.
<s> <c> <c> <s> <c> <c>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 23.961% N/A Oct-2005 3,762.938% 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>
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>
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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-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 monthly bond remittance report can be viewed online at
www.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>
Nov-2004 N/A N/A Nov-2004 N/A N/A
Dec-2004 N/A N/A Dec-2004 N/A N/A
Jan-2005 N/A N/A Jan-2005 N/A N/A
Feb-2005 N/A N/A Feb-2005 N/A N/A
Mar-2005 N/A N/A Mar-2005 N/A N/A
Apr-2005 N/A N/A Apr-2005 N/A N/A
May-2005 N/A N/A May-2005 N/A N/A
Jun-2005 N/A N/A Jun-2005 N/A N/A
Jul-2005 N/A N/A Jul-2005 N/A N/A
Aug-2005 N/A N/A Aug-2005 N/A N/A
Sep-2005 N/A N/A Sep-2005 N/A N/A
Oct-2005 0.000% N/A Oct-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 monthly bond remittance report can be viewed online at
www.ctslink.com. www.ctslink.com.
<FN>
</FN>
<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>