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): November 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 November 25, 2005,
a revision was made to the FIRST NLC TRUST Callable Mortgage-Backed
Notes, Series 2005-3 which was not included in the original 8-K filed.
The 8-K is being amended to reflect a restatement of delinquencies due to
incorrect action codes provided at issuance. 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 November 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: 3/24/2006
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 November 25, 2005 distribution.
EX-99.1
Friedman, Billings, Ramsey & Co., Inc.
Callable Mortgage-Backed Notes
Record Date: 10/31/2005
Distribution Date: 11/25/2005
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
Class CUSIP Certificate Beginning Interest
Pass-Through Certificate Distribution
Rate Balance
<s> <c> <c> <c> <c>
AV1 30246QAC7 4.28750% 853,919,011.69 3,152,680.85
AV2-A1 30246QAD5 4.17750% 199,308,430.98 716,970.56
AV2-1B1 30246QAS2 4.15750% 217,540,882.64 778,811.47
AV2-1B2 30246QAT0 4.21750% 76,688,000.00 278,510.58
AV2-2A 30246QAE3 4.28750% 154,260,000.00 569,530.06
AV2-3A 30246QAF0 4.32750% 134,000,000.00 499,345.42
AV2-3B1 30246QAU7 4.30750% 139,180,000.00 516,251.48
AV2-3B2 30246QAV5 4.41750% 24,560,000.00 93,425.22
M-1 30246QAG8 4.51750% 83,200,000.00 323,653.78
M-2 30246QAH6 4.53750% 71,800,000.00 280,543.54
M-3 30246QAJ2 4.54750% 41,030,000.00 160,669.49
M-4 30246QAK9 4.65750% 38,750,000.00 155,411.72
M-5 30246QAL7 4.68750% 35,330,000.00 142,608.07
M-6 30246QAM5 4.75750% 29,630,000.00 121,386.29
M-7 30246QAN3 5.28750% 27,350,000.00 124,527.97
M-8 30246QAP8 5.38750% 22,800,000.00 105,774.58
M-9 30246QAQ6 5.88750% 17,100,000.00 86,693.44
M-10 30246QAR4 6.28750% 48,920,000.00 264,864.43
N 30246QAW3 5.19400% 50,306,703.35 217,744.18
OWNTRST FBR0502OT 0.00000% 0.00 0.00
Totals 2,265,673,028.66 8,589,403.13
Certificateholder Distribution Summary (continued)
Class Principal Current Ending Total Cummulative
Distribution Realized Certificate Distribution Realized
Loss Balance Losses
<s> <c> <c> <c> <c> <c>
AV1 29,575,022.73 0.00 824,343,988.96 32,727,703.58 0.00
AV2-A1 11,894,261.74 0.00 187,414,169.24 12,611,232.30 0.00
AV2-1B1 17,558,892.63 0.00 199,981,990.01 18,337,704.10 0.00
AV2-1B2 0.00 0.00 76,688,000.00 278,510.58 0.00
AV2-2A 0.00 0.00 154,260,000.00 569,530.06 0.00
AV2-3A 0.00 0.00 134,000,000.00 499,345.42 0.00
AV2-3B1 0.00 0.00 139,180,000.00 516,251.48 0.00
AV2-3B2 0.00 0.00 24,560,000.00 93,425.22 0.00
M-1 0.00 0.00 83,200,000.00 323,653.78 0.00
M-2 0.00 0.00 71,800,000.00 280,543.54 0.00
M-3 0.00 0.00 41,030,000.00 160,669.49 0.00
M-4 0.00 0.00 38,750,000.00 155,411.72 0.00
M-5 0.00 0.00 35,330,000.00 142,608.07 0.00
M-6 0.00 0.00 29,630,000.00 121,386.29 0.00
M-7 0.00 0.00 27,350,000.00 124,527.97 0.00
M-8 0.00 0.00 22,800,000.00 105,774.58 0.00
M-9 0.00 0.00 17,100,000.00 86,693.44 0.00
M-10 0.00 0.00 48,920,000.00 264,864.43 0.00
N 3,608,185.76 0.00 46,698,517.58 3,825,929.94 0.00
OWNTRST 0.00 0.00 0.00 0.00 0.00
Totals 62,636,362.86 0.00 2,203,036,665.79 71,225,765.99 0.00
Principal Distribution Statement
Class Original Beginning Scheduled UnScheduled Accretion Realized
Face Certificate Principal Principal Loss
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
AV1 876,720,000.00 853,919,011.69 0.00 29,575,022.73 0.00 0.00
AV2-A1 211,360,000.00 199,308,430.98 0.00 11,894,261.74 0.00 0.00
AV2-1B1 235,332,000.00 217,540,882.64 0.00 17,558,892.63 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 2,215,366,325.31 0.00 59,028,177.10 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>
AV1 29,575,022.73 824,343,988.96 0.94025914 29,575,022.73
AV2-A1 11,894,261.74 187,414,169.24 0.88670595 11,894,261.74
AV2-1B1 17,558,892.63 199,981,990.01 0.84978664 17,558,892.63
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 59,028,177.10 2,156,338,148.21 0.95076219 59,028,177.10
Principal Distribution Factors Statement
Class Original Beginning Scheduled UnScheduled Accretion
Face Certificate Principal Principal
Amount Balance Distribution Distribution
<s> <c> <c> <c> <c> <c>
AV1 876,720,000.00 973.99285027 0.00000000 33.73371513 0.00000000
AV2-A1 211,360,000.00 942.98084302 0.00000000 56.27489468 0.00000000
AV2-1B1 235,332,000.00 924.39992283 0.00000000 74.61328094 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 55,000,000.00 914.66733364 0.00000000 0.00000000 0.00000000
OWNTRST 0.00 0.00000000 0.00000000 0.00000000 0.00000000
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>
AV1 0.00000000 33.73371513 940.25913514 0.94025914 33.73371513
AV2-A1 0.00000000 56.27489468 886.70594833 0.88670595 56.27489468
AV2-1B1 0.00000000 74.61328094 849.78664189 0.84978664 74.61328094
AV2-1B2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
AV2-2A 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
AV2-3A 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
AV2-3B1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
AV2-3B2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-8 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-9 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
M-10 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
N 0.00000000 65.60337745 849.06395600 0.84906396 65.60337745
OWNTRST 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
NOTE: All Classes are per $1,000 denomination
</FN>
Interest Distribution Statement
Class Accrual Accrual Current Beginning Current Payment of
Dates Days Certificate Certificate/ Accrued Unpaid Interest
Rate Notional Interest Shortfall (1)
Balance
<s> <c> <c> <c> <c> <c> <c>
AV1 ** ** 4.28750% 853,919,011.69 3,152,680.85 0.00
AV2-A1 ** ** 4.17750% 199,308,430.98 716,970.56 0.00
AV2-1B1 ** ** 4.15750% 217,540,882.64 778,811.47 0.00
AV2-1B2 ** ** 4.21750% 76,688,000.00 278,510.58 0.00
AV2-2A ** ** 4.28750% 154,260,000.00 569,530.06 0.00
AV2-3A ** ** 4.32750% 134,000,000.00 499,345.42 0.00
AV2-3B1 ** ** 4.30750% 139,180,000.00 516,251.48 0.00
AV2-3B2 ** ** 4.41750% 24,560,000.00 93,425.22 0.00
M-1 ** ** 4.51750% 83,200,000.00 323,653.78 0.00
M-2 ** ** 4.53750% 71,800,000.00 280,543.54 0.00
M-3 ** ** 4.54750% 41,030,000.00 160,669.49 0.00
M-4 ** ** 4.65750% 38,750,000.00 155,411.72 0.00
M-5 ** ** 4.68750% 35,330,000.00 142,608.07 0.00
M-6 ** ** 4.75750% 29,630,000.00 121,386.29 0.00
M-7 ** ** 5.28750% 27,350,000.00 124,527.97 0.00
M-8 ** ** 5.38750% 22,800,000.00 105,774.58 0.00
M-9 ** ** 5.88750% 17,100,000.00 86,693.44 0.00
M-10 ** ** 6.28750% 48,920,000.00 264,864.43 0.00
N ** ** 5.19400% 50,306,703.35 217,744.18 0.00
OWNTRST ** ** 0.00000% 0.00 0.00 0.00
Totals 8,589,403.13 0.00
Interest Distribution Statement (continued)
Class Current Non-Supported Total Remaining Ending
Interest Interest Interest Unpaid Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(1) Notional
Balance
<s> <c> <c> <c> <c> <c>
AV1 0.00 0.00 3,152,680.85 0.00 824,343,988.96
AV2-A1 0.00 0.00 716,970.56 0.00 187,414,169.24
AV2-1B1 0.00 0.00 778,811.47 0.00 199,981,990.01
AV2-1B2 0.00 0.00 278,510.58 0.00 76,688,000.00
AV2-2A 0.00 0.00 569,530.06 0.00 154,260,000.00
AV2-3A 0.00 0.00 499,345.42 0.00 134,000,000.00
AV2-3B1 0.00 0.00 516,251.48 0.00 139,180,000.00
AV2-3B2 0.00 0.00 93,425.22 0.00 24,560,000.00
M-1 0.00 0.00 323,653.78 0.00 83,200,000.00
M-2 0.00 0.00 280,543.54 0.00 71,800,000.00
M-3 0.00 0.00 160,669.49 0.00 41,030,000.00
M-4 0.00 0.00 155,411.72 0.00 38,750,000.00
M-5 0.00 0.00 142,608.07 0.00 35,330,000.00
M-6 0.00 0.00 121,386.29 0.00 29,630,000.00
M-7 0.00 0.00 124,527.97 0.00 27,350,000.00
M-8 0.00 0.00 105,774.58 0.00 22,800,000.00
M-9 0.00 0.00 86,693.44 0.00 17,100,000.00
M-10 0.00 0.00 264,864.43 0.00 48,920,000.00
N 0.00 0.00 217,744.18 0.00 46,698,517.58
OWNTRST 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 8,589,403.13 0.00
<FN>
(1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable.
** For distribution dates prior to December 1, 2005 this information was not available for
reporting purposes.
</FN>
Interest Distribution Factors Statement
Class Original Current Beginning Current Payment of
Face Certificate Certificate/ Accrued Unpaid Interest
Amount Rate Notional Interest Shortfall (1)
Balance
<s> <c> <c> <c> <c> <c>
AV1 876,720,000.00 4.28750% 973.99285027 3.59599513 0.00000000
AV2-A1 211,360,000.00 4.17750% 942.98084302 3.39217714 0.00000000
AV2-1B1 235,332,000.00 4.15750% 924.39992283 3.30941593 0.00000000
AV2-1B2 76,688,000.00 4.21750% 1000.00000000 3.63173613 0.00000000
AV2-2A 154,260,000.00 4.28750% 1000.00000000 3.69201387 0.00000000
AV2-3A 134,000,000.00 4.32750% 1000.00000000 3.72645836 0.00000000
AV2-3B1 139,180,000.00 4.30750% 1000.00000000 3.70923610 0.00000000
AV2-3B2 24,560,000.00 4.41750% 1000.00000000 3.80395847 0.00000000
M-1 83,200,000.00 4.51750% 1000.00000000 3.89006947 0.00000000
M-2 71,800,000.00 4.53750% 1000.00000000 3.90729164 0.00000000
M-3 41,030,000.00 4.54750% 1000.00000000 3.91590275 0.00000000
M-4 38,750,000.00 4.65750% 1000.00000000 4.01062503 0.00000000
M-5 35,330,000.00 4.68750% 1000.00000000 4.03645825 0.00000000
M-6 29,630,000.00 4.75750% 1000.00000000 4.09673608 0.00000000
M-7 27,350,000.00 5.28750% 1000.00000000 4.55312505 0.00000000
M-8 22,800,000.00 5.38750% 1000.00000000 4.63923596 0.00000000
M-9 17,100,000.00 5.88750% 1000.00000000 5.06979181 0.00000000
M-10 48,920,000.00 6.28750% 1000.00000000 5.41423610 0.00000000
N 55,000,000.00 5.19400% 914.66733364 3.95898509 0.00000000
OWNTRST 0.00 0.00000% 0.00000000 0.00000000 0.00000000
Interest Distribution Factors Statement (continued)
Class Current Non-Supported Total Remaining Unpaid Ending
Interest Interest Interest Interest Certificate/
Shortfall(1) Shortfall Distribution Shortfall(1) Notional
Balance
<s> <c> <c> <c> <c> <c>
AV1 0.00000000 0.00000000 3.59599513 0.00000000 940.25913514
AV2-A1 0.00000000 0.00000000 3.39217714 0.00000000 886.70594833
AV2-1B1 0.00000000 0.00000000 3.30941593 0.00000000 849.78664189
AV2-1B2 0.00000000 0.00000000 3.63173613 0.00000000 1000.00000000
AV2-2A 0.00000000 0.00000000 3.69201387 0.00000000 1000.00000000
AV2-3A 0.00000000 0.00000000 3.72645836 0.00000000 1000.00000000
AV2-3B1 0.00000000 0.00000000 3.70923610 0.00000000 1000.00000000
AV2-3B2 0.00000000 0.00000000 3.80395847 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 3.89006947 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 3.90729164 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 3.91590275 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 4.01062503 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 4.03645825 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.09673608 0.00000000 1000.00000000
M-7 0.00000000 0.00000000 4.55312505 0.00000000 1000.00000000
M-8 0.00000000 0.00000000 4.63923596 0.00000000 1000.00000000
M-9 0.00000000 0.00000000 5.06979181 0.00000000 1000.00000000
M-10 0.00000000 0.00000000 5.41423610 0.00000000 1000.00000000
N 0.00000000 0.00000000 3.95898509 0.00000000 849.06395600
OWNTRST 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable.
NOTE: All Classes are per $1,000 denomination
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 70,755,156.34
Reserve Funds and Credit Enhancements 0.00
Proceeds from Repurchased Loans 0.00
Servicer Advances 1,594,972.77
Gains & Subsequent Recoveries (Realized Losses) 0.00
Prepayment Penalties 772,094.79
Total Deposits 73,122,223.90
Withdrawals
Reserve Funds and Credit Enhancements 0.00
Reimbursement for Servicer Advances 0.00
Total Administration Fees 1,896,457.91
Payment of Interest and Principal 71,225,765.99
Total Withdrawals (Pool Distribution Amount) 73,122,223.90
Ending Balance 0.00
<FN>
Servicer Advances are calculated as delinquent scheduled principal and interest.
NOTE: Please see Additional Reporting Page for information related to SWAP and CAP payments.
</FN>
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 927,818.28
Credit Risk Manager Fee - Murrayhill Company 23,195.47
Master Servicer Fee - Wells Fargo Bank, NA 9,278.18
MGIC Fee 936,165.98
Supported Prepayment/Curtailment Interest Shortfall 0.00
Total Administration Fees 1,896,457.91
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.179181%
Weighted Average Net Coupon 6.679181%
Weighted Average Pass-Through Rate 6.661681%
Weighted Average Remaining Term 351
Beginning Scheduled Collateral Loan Count 11,274
Number Of Loans Paid In Full 226
Ending Scheduled Collateral Loan Count 11,048
Beginning Scheduled Collateral Balance 2,226,763,882.72
Ending Scheduled Collateral Balance 2,167,735,705.62
Ending Actual Collateral Balance at 31-Oct-2005 2,169,039,797.42
Monthly P&I Constant 14,636,205.99
Special Servicing Fee 0.00
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 772,094.79
Prepayment Penalty Paid Count Not Available
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 1,314,254.33
Unscheduled Principal 57,713,922.77
Group Level Collateral Statement
<s> <c> <c>
Group Group 1 Group 2
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 7.298821 7.277465
Weighted Average Net Rate 6.798821 6.777465
Pass-Through Rate 6.781321 6.759965
Weighted Average Remaining Term 333 356
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 1,104,859.18 5,997,554.64
Beginning Loan Count 1,286 5,264
Loans Paid in Full 11 118
Ending Loan Count 1,275 5,146
Beginning Scheduled Balance 158,414,385.35 897,782,964.00
Ending Scheduled Balance 156,512,390.74 870,109,935.88
Scheduled Principal 141,327.29 552,901.07
Unscheduled Principal 1,760,667.32 27,120,127.05
Scheduled Interest 963,531.89 5,444,653.57
Servicing Fees 66,005.99 374,076.23
Master Servicing Fees 660.06 3,740.76
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 1,650.15 9,351.91
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 895,215.69 5,057,484.67
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalty Waived Amount 0.00 0.00
Prepayment Penalty Waived Count 0 0
Prepayment Penalty Paid Amount Not Available Not Available
Prepayment Penalty Paid Count Not Available Not Available
Special Servicing Fee 0.00 0.00
Group Level Collateral Statement
<s> <c> <c>
Group Group 3 Group 4
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 7.741365 6.984561
Weighted Average Net Rate 7.241365 6.484561
Pass-Through Rate 7.223865 6.467061
Weighted Average Remaining Term 308 356
Record Date 10/31/2005 10/31/2005
Principal And Interest Constant 1,148,091.12 6,385,701.05
Beginning Loan Count 1,173 3,551
Loans Paid in Full 16 81
Ending Loan Count 1,157 3,470
Beginning Scheduled Balance 159,389,366.19 1,011,177,167.18
Ending Scheduled Balance 156,316,824.21 984,796,554.79
Scheduled Principal 119,848.46 500,177.51
Unscheduled Principal 2,952,693.52 25,880,434.88
Scheduled Interest 1,028,242.66 5,885,523.54
Servicing Fees 66,412.24 421,323.82
Master Servicing Fees 664.12 4,213.24
Trustee Fee 0.00 0.00
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 1,660.31 10,533.10
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 959,505.99 5,449,453.38
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalty Waived Amount 0.00 0.00
Prepayment Penalty Waived Count 0 0
Prepayment Penalty Paid Amount Not Available Not Available
Prepayment Penalty Paid Count Not Available Not Available
Special Servicing Fee 0.00 0.00
Group Level Collateral Statement
<s> <c> <c>
Group Total
Collateral Description Mixed Fixed & Arm
Weighted Average Coupon Rate 7.179181
Weighted Average Net Rate 6.679181
Pass-Through Rate 6.661681
Weighted Average Remaining Term 351
Record Date 10/31/2005
Principal And Interest Constant 14,636,205.99
Beginning Loan Count 11,274
Loans Paid in Full 226
Ending Loan Count 11,048
Beginning Scheduled Balance 2,226,763,882.72
Ending Scheduled Balance 2,167,735,705.62
Scheduled Principal 1,314,254.33
Unscheduled Principal 57,713,922.77
Scheduled Interest 13,321,951.66
Servicing Fees 927,818.28
Master Servicing Fees 9,278.18
Trustee Fee 0.00
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 23,195.47
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 12,361,659.73
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalty Waived Amount 0.00
Prepayment Penalty Waived Count 0
Prepayment Penalty Paid Amount 772,094.79
Prepayment Penalty Paid Count Not Available
Special Servicing Fee 0.00
Additional Reporting - Deal Level
Cash Reporting
<s> <c>
Cap Payment 0.00
Excess Cash Amount 3,053,835.15
Extra Principal Amount 0.00
Miscellaneous Reporting
<s> <c>
Current LIBOR Rate Used 4.03750%
Next Month's LIBOR Rate 4.19375%
Misc Adj 0.00
Soldier/Sailor 0.00
Structural Reporting
<s> <c>
OC Deficiency Amount 0.00
OC Amount 11,397,557.41
OC Release Amount 0.00
OC Target Amount 11,397,557.41
OC Increase 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 31 0 0 31
5,313,905.16 0.00 0.00 5,313,905.16
30 Days 230 2 0 0 232
42,034,334.95 252,101.63 0.00 0.00 42,286,436.58
60 Days 89 4 3 0 96
15,536,610.83 516,672.82 327,876.71 0.00 16,381,160.36
90 Days 10 5 4 0 19
2,617,961.62 1,091,187.08 531,553.88 0.00 4,240,702.58
120 Days 0 0 1 0 1
0.00 0.00 315,000.00 0.00 315,000.00
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 329 42 8 0 379
60,188,907.40 7,173,866.69 1,174,430.59 0.00 68,537,204.68
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 0.280594% 0.000000% 0.000000% 0.280594%
0.244989% 0.000000% 0.000000% 0.244989%
30 Days 2.081825% 0.018103% 0.000000% 0.000000% 2.099928%
1.937924% 0.011623% 0.000000% 0.000000% 1.949546%
60 Days 0.805576% 0.036206% 0.027154% 0.000000% 0.868936%
0.716290% 0.023820% 0.015116% 0.000000% 0.755226%
90 Days 0.090514% 0.045257% 0.036206% 0.000000% 0.171977%
0.120697% 0.050307% 0.024506% 0.000000% 0.195511%
120 Days 0.000000% 0.000000% 0.009051% 0.000000% 0.009051%
0.000000% 0.000000% 0.014523% 0.000000% 0.014523%
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 2.977915% 0.380159% 0.072411% 0.000000% 3.430485%
2.774910% 0.330739% 0.054145% 0.000000% 3.159795%
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 1,594,972.77
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 Dec-04 0.000%
Original Principal Balance 0.00 Jan-05 0.000%
Current Principal Balance 0.00 Feb-05 0.000%
Mar-05 0.000%
Current REO Total Apr-05 0.000%
Loans in REO 0 May-05 0.000%
Original Principal Balance 0.00 Jun-05 0.000%
Current Principal Balance 0.00 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-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 8 Dec-04 0.000%
Original Principal Balance 1,175,613.00 Jan-05 0.000%
Current Principal Balance 1,174,430.59 Feb-05 0.000%
Mar-05 0.000%
Current Foreclosure Total Apr-05 0.000%
Loans in Foreclosure 8 May-05 0.000%
Original Principal Balance 1,175,613.00 Jun-05 0.000%
Current Principal Balance 1,174,430.59 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.054%
*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 0000204324 Nov-2005 01-May-2005 MN 90.00 175,500.00
Group 2 0000196144 Nov-2005 01-May-2005 MD 68.23 107,800.00
Group 2 0000196799 Nov-2005 01-May-2005 MI 85.00 113,050.00
Group 2 0505198462 Nov-2005 01-Jul-2005 KS 85.00 106,675.00
Group 3 0505093745 Nov-2005 01-Jul-2005 IN 79.64 89,988.00
Group 4 0000183462 Nov-2005 01-Mar-2005 CA 75.00 315,000.00
Group 4 0000200315 Nov-2005 01-May-2005 FL 80.00 107,920.00
Group 4 0504146503 Nov-2005 01-Jul-2005 CA 80.00 159,680.00
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 0000204324 175,210.88 01-Jun-2005 3 6.990% 1,889.64
Group 2 0000196144 107,532.82 01-Jul-2005 2 6.990% 1,160.70
Group 2 0000196799 112,761.46 01-Jul-2005 2 6.840% 1,188.94
Group 2 0505198462 106,675.00 01-Jun-2005 3 8.375% 1,397.03
Group 3 0505093745 89,988.00 01-Jun-2005 3 8.750% 1,234.82
Group 4 0000183462 315,000.00 01-May-2005 4 5.990% 2,882.26
Group 4 0000200315 107,582.43 01-Jul-2005 2 5.790% 946.02
Group 4 0504146503 159,680.00 01-Jun-2005 3 6.750% 1,663.34
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 42 Dec-04 0.000%
Original Principal Balance 7,190,195.00 Jan-05 0.000%
Current Principal Balance 7,173,866.69 Feb-05 0.000%
Mar-05 0.000%
Current Bankruptcy Total Apr-05 0.000%
Loans in Bankruptcy 42 May-05 0.000%
Original Principal Balance 7,190,195.00 Jun-05 0.000%
Current Principal Balance 7,173,866.69 Jul-05 0.000%
Aug-05 0.000%
Sep-05 0.000%
Oct-05 0.000%
Nov-05 0.331%
*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 0000187483 Nov-2005 01-Apr-2005 PA 86.58 222,500.00
Group 1 0000197300 Nov-2005 01-May-2005 SC 95.00 109,250.00
Group 1 0000207070 Nov-2005 01-Jul-2005 IL 95.00 118,750.00
Group 1 0041829151 Nov-2005 01-Aug-2005 AZ 100.00 40,980.00
Group 2 0000196062 Nov-2005 01-May-2005 OH 88.33 200,500.00
Group 2 0000197008 Nov-2005 01-May-2005 MI 90.00 103,500.00
Group 2 0000198768 Nov-2005 01-May-2005 FL 65.88 112,000.00
Group 2 0000200457 Nov-2005 01-May-2005 IN 95.00 101,650.00
Group 2 0000217770 Nov-2005 01-Jul-2005 CA 89.17 247,000.00
Group 2 0000224722 Nov-2005 01-Jul-2005 NE 85.00 61,200.00
Group 2 0000233122 Nov-2005 01-Aug-2005 GA 85.00 164,900.00
Group 2 0000236825 Nov-2005 01-Sep-2005 MI 90.00 58,410.00
Group 2 0000239588 Nov-2005 01-Sep-2005 IN 85.00 108,800.00
Group 2 0041556903 Nov-2005 01-Aug-2005 UT 90.00 189,900.00
Group 2 0041618539 Nov-2005 01-Jul-2005 MS 85.00 69,700.00
Group 2 0041692450 Nov-2005 01-Jul-2005 HI 90.00 211,500.00
Group 2 0041731217 Nov-2005 01-Aug-2005 PA 85.00 45,900.00
Group 2 0041774530 Nov-2005 01-Aug-2005 FL 94.74 270,000.00
Group 2 0041777194 Nov-2005 01-Aug-2005 MO 90.00 93,600.00
Group 2 0041785312 Nov-2005 01-Aug-2005 VA 85.00 221,000.00
Group 2 0041821414 Nov-2005 01-Aug-2005 PA 78.90 43,000.00
Group 2 0041829060 Nov-2005 01-Aug-2005 AZ 80.00 163,920.00
Group 2 0041840968 Nov-2005 01-Aug-2005 WI 85.00 87,550.00
Group 2 0041863408 Nov-2005 01-Aug-2005 AZ 85.00 157,250.00
Group 2 00QB533111 Nov-2005 01-Jun-2005 CA 80.00 288,000.00
Group 2 0504054142 Nov-2005 01-Jun-2005 GA 90.00 136,800.00
Group 2 0504282887 Nov-2005 01-Jun-2005 IN 95.00 133,000.00
Group 2 0505025707 Nov-2005 01-Jul-2005 IL 90.00 166,500.00
Group 2 0505131085 Nov-2005 01-Jul-2005 CT 80.00 136,000.00
Group 2 1000695337 Nov-2005 01-Aug-2005 MO 85.00 287,300.00
Group 3 0041763723 Nov-2005 01-Aug-2005 CA 80.00 600,000.00
Group 3 0041858622 Nov-2005 01-Aug-2005 MS 85.00 70,125.00
Group 3 0502245660 Nov-2005 01-Jul-2005 GA 80.00 96,960.00
Group 3 0503034121 Nov-2005 01-Jul-2005 MS 80.00 44,000.00
Group 3 0504258468 Nov-2005 01-Jul-2005 TN 64.75 77,700.00
Group 4 0000217540 Nov-2005 01-Jul-2005 NY 90.00 391,500.00
Group 4 0041669094 Nov-2005 01-Jun-2005 IL 90.00 53,100.00
Group 4 0041744780 Nov-2005 01-Aug-2005 NV 85.00 378,250.00
Group 4 0041791047 Nov-2005 01-Aug-2005 IL 80.00 424,000.00
Group 4 0041880907 Nov-2005 01-Aug-2005 AZ 62.90 195,000.00
Group 4 0504257648 Nov-2005 01-Jul-2005 MA 80.00 289,200.00
Group 4 0505267074 Nov-2005 01-Jul-2005 KS 80.00 220,000.00
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)
Group Loan Current Paid To Months Current Approximate
Number Principal Date Delinquent Loan Rate Delinquent
Balance Interest
<s> <c> <c> <c> <c> <c> <c>
Group 1 0000187483 221,893.27 01-Jun-2005 3 6.500% 2,211.73
Group 1 0000197300 108,703.72 01-Oct-2005 0 6.990% 1,176.32
Group 1 0000207070 118,367.85 01-Oct-2005 0 7.140% 1,311.54
Group 1 0041829151 40,959.79 01-Aug-2005 1 9.490% 613.25
Group 2 0000196062 199,758.14 01-Oct-2005 0 8.500% 2,664.28
Group 2 0000197008 102,932.34 01-Oct-2005 0 7.540% 1,208.21
Group 2 0000198768 111,434.68 01-Nov-2005 (1) 7.740% 672.81
Group 2 0000200457 99,617.30 01-Nov-2005 (1) 8.990% 716.77
Group 2 0000217770 246,909.38 01-Oct-2005 0 6.750% 2,572.92
Group 2 0000224722 61,171.38 01-Jul-2005 2 9.740% 940.93
Group 2 0000233122 164,544.31 01-Oct-2005 0 7.690% 1,973.22
Group 2 0000236825 58,322.84 01-Oct-2005 0 7.490% 679.71
Group 2 0000239588 108,589.99 01-Nov-2005 (1) 8.240% 700.86
Group 2 0041556903 189,622.85 01-Sep-2005 0 7.600% 2,243.04
Group 2 0041618539 69,666.43 01-Jul-2005 2 9.600% 1,055.31
Group 2 0041692450 211,141.84 01-Aug-2005 1 6.850% 2,231.72
Group 2 0041731217 45,833.13 01-Oct-2005 0 9.600% 695.30
Group 2 0041774530 269,329.52 01-Oct-2005 0 6.980% 2,909.98
Group 2 0041777194 93,479.59 01-Sep-2005 0 8.225% 1,203.16
Group 2 0041785312 220,526.65 01-Oct-2005 0 7.725% 2,656.46
Group 2 0041821414 42,921.82 01-Oct-2005 0 8.725% 588.59
Group 2 0041829060 163,920.00 01-Sep-2005 0 7.255% 1,845.46
Group 2 0041840968 87,415.61 01-Oct-2005 0 9.350% 1,289.72
Group 2 0041863408 156,960.68 01-Oct-2005 0 8.475% 2,086.91
Group 2 00QB533111 288,000.00 01-Jun-2005 3 7.300% 3,264.00
Group 2 0504054142 136,719.23 01-Jun-2005 3 8.625% 1,847.52
Group 2 0504282887 132,621.63 01-Oct-2005 0 8.875% 1,851.72
Group 2 0505025707 166,131.16 01-Oct-2005 0 8.999% 2,353.92
Group 2 0505131085 135,549.28 01-Oct-2005 0 6.990% 1,466.80
Group 2 1000695337 286,736.30 01-Nov-2005 (1) 9.570% 2,168.33
Group 3 0041763723 598,283.15 01-Oct-2005 0 6.250% 5,736.31
Group 3 0041858622 70,045.67 01-Sep-2005 0 8.850% 974.52
Group 3 0502245660 96,890.17 01-Jul-2005 2 7.650% 1,152.51
Group 3 0503034121 43,569.62 01-Oct-2005 0 9.990% 689.99
Group 3 0504258468 76,772.80 01-Oct-2005 0 7.750% 929.08
Group 4 0000217540 391,500.00 01-Jun-2005 3 8.740% 5,365.66
Group 4 0041669094 53,074.58 01-Jun-2005 3 10.725% 902.24
Group 4 0041744780 377,310.72 01-Oct-2005 0 6.980% 4,076.66
Group 4 0041791047 423,179.14 01-Oct-2005 0 8.225% 5,450.21
Group 4 0041880907 194,515.29 01-Oct-2005 0 6.975% 2,100.01
Group 4 0504257648 288,944.84 01-Jul-2005 2 6.625% 2,943.07
Group 4 0505267074 220,000.00 01-Oct-2005 0 6.249% 2,107.96
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>
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
Nov-2005 0.000% N/A Nov-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>
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
Nov-2005 0.000% N/A Nov-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>
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>
Total 226 57,843,161.00 57,575,943.47 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 0.00 172,795.97
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 0000196508 CA 44.44 01-May-2005 104,000.00 103,449.43
Group 1 0000198197 CA 80.00 01-May-2005 324,800.00 322,676.42
Group 1 0000198913 VA 90.00 01-May-2005 83,700.00 81,757.69
Group 1 0000200102 CA 64.26 01-Jul-2005 347,000.00 345,338.26
Group 1 0000214715 FL 93.83 01-Jun-2005 152,000.00 151,299.49
Group 1 0000219997 FL 84.84 01-Jul-2005 131,593.00 131,047.55
Group 1 0000220027 NJ 100.00 01-Jul-2005 25,000.00 24,847.59
Group 1 0041609041 IL 90.00 01-Jul-2005 126,000.00 125,634.76
Group 1 0041862111 IA 90.00 01-Aug-2005 69,750.00 69,044.27
Group 1 00QB550905 FL 65.00 01-Jul-2005 237,250.00 236,401.86
Group 1 0505052002 MD 85.00 01-Jul-2005 153,000.00 152,541.80
Group 2 0000178398 CA 73.33 01-Mar-2005 264,000.00 261,536.43
Group 2 0000178750 CA 90.00 01-Mar-2005 270,000.00 267,956.51
Group 2 0000178899 CA 90.00 01-Mar-2005 238,500.00 236,698.89
Group 2 0000182112 CA 85.00 01-Mar-2005 340,000.00 339,999.99
Group 2 0000184663 MA 95.00 01-Apr-2005 261,250.00 259,342.36
Group 2 0000185796 CA 80.00 01-May-2005 264,000.00 264,000.00
Group 2 0000187857 VA 64.32 01-May-2005 192,960.00 190,750.27
Group 2 0000189034 CA 82.50 01-May-2005 346,500.00 344,472.65
Group 2 0000190039 CA 90.00 01-May-2005 274,500.00 272,891.57
Group 2 0000191565 CA 85.00 01-Apr-2005 187,000.00 185,736.14
Group 2 0000191941 CA 85.00 01-Apr-2005 276,250.00 274,006.76
Group 2 0000192139 MD 80.00 01-May-2005 169,600.00 168,509.15
Group 2 0000192523 CA 85.00 01-May-2005 323,000.00 323,000.00
Group 2 0000193316 IL 87.46 01-May-2005 293,000.00 291,359.47
Group 2 0000193436 CA 80.00 01-May-2005 314,400.00 312,651.68
Group 2 0000194371 IL 79.15 01-May-2005 148,800.00 148,063.73
Group 2 0000194951 CA 70.00 01-May-2005 191,100.00 190,459.08
Group 2 0000195406 CA 81.08 01-Apr-2005 263,500.00 262,664.86
Group 2 0000196146 MD 90.00 01-May-2005 256,500.00 256,499.99
Group 2 0000196285 CA 62.22 01-May-2005 280,000.00 277,815.28
Group 2 0000196316 OH 100.00 01-May-2005 146,068.00 145,332.22
Group 2 0000196561 IL 80.00 01-May-2005 196,000.00 195,176.47
Group 2 0000196909 NY 71.57 01-May-2005 350,000.00 348,236.23
Group 2 0000196967 IL 80.00 01-May-2005 116,800.00 116,126.54
Group 2 0000197127 NV 85.00 01-May-2005 272,000.00 270,499.30
Group 2 0000197317 CA 95.00 01-May-2005 289,750.00 288,135.56
Group 2 0000197709 CA 72.23 01-May-2005 346,000.00 345,999.99
Group 2 0000198406 CA 60.20 01-May-2005 304,000.00 303,999.98
Group 2 0000198452 CA 60.65 01-May-2005 238,350.00 236,816.92
Group 2 0000198600 NY 80.00 01-May-2005 324,000.00 322,104.36
Group 2 0000198738 MD 90.00 01-May-2005 235,800.00 234,524.19
Group 2 0000199279 CA 90.00 01-May-2005 103,500.00 102,756.00
Group 2 0000199395 FL 85.00 01-May-2005 127,500.00 126,753.10
Group 2 0000199523 CA 64.00 01-May-2005 192,000.00 190,717.84
Group 2 0000200883 CA 80.00 01-May-2005 232,000.00 230,485.62
Group 2 0000201733 IL 84.35 01-May-2005 97,000.00 96,386.78
Group 2 0000201919 CA 70.00 01-May-2005 179,200.00 177,792.97
Group 2 0000202139 CA 63.85 01-May-2005 332,000.00 330,003.96
Group 2 0000202644 CA 73.09 01-May-2005 220,000.00 218,611.91
Group 2 0000202774 VA 75.00 01-May-2005 114,000.00 114,000.00
Group 2 0000202984 VA 80.00 01-May-2005 76,000.00 75,548.93
Group 2 0000204611 CA 80.00 01-Jun-2005 352,000.00 350,064.45
Group 2 0000206146 CA 87.10 01-Jun-2005 270,000.00 268,515.36
Group 2 0000206385 CA 67.57 01-Jun-2005 250,000.00 249,998.33
Group 2 0000207710 CA 85.00 01-Jun-2005 340,000.00 340,000.00
Group 2 0000207905 CA 80.00 01-Jun-2005 279,200.00 277,447.36
Group 2 0000208552 VA 90.00 01-Jun-2005 265,500.00 264,276.50
Group 2 0000211859 NY 74.87 01-Jul-2005 147,500.00 146,758.52
Group 2 0000213089 FL 80.00 01-Jul-2005 175,120.00 175,072.31
Group 2 0000214294 IL 85.00 01-Jun-2005 284,750.00 283,209.58
Group 2 0000215206 NJ 90.00 01-Jun-2005 418,500.00 416,611.03
Group 2 0000216295 NY 80.00 01-Jul-2005 252,000.00 251,226.41
Group 2 0000217270 IL 80.00 01-Jul-2005 235,200.00 234,017.60
Group 2 0000218002 IL 89.74 01-Jul-2005 345,500.00 345,498.12
Group 2 0000218405 AZ 80.00 01-Jul-2005 180,000.00 80,104.29
Group 2 0000219029 CA 95.00 01-Jul-2005 273,600.00 273,600.00
Group 2 0000219264 IL 81.40 01-Jul-2005 350,000.00 348,810.80
Group 2 0000219867 CA 80.00 01-Jul-2005 280,000.00 278,643.63
Group 2 0000219926 FL 40.31 01-Jul-2005 129,000.00 128,376.28
Group 2 0000220454 IL 76.90 01-Jul-2005 223,000.00 222,121.71
Group 2 0000220542 CA 95.00 01-Jul-2005 248,900.00 247,878.39
Group 2 0000220675 IL 95.00 01-Jul-2005 228,000.00 227,145.45
Group 2 0000221087 CA 80.00 01-Jul-2005 152,000.00 151,318.17
Group 2 0000222052 IL 85.00 01-Aug-2005 164,815.00 164,230.20
Group 2 0000225951 NY 80.00 01-Jul-2005 364,000.00 362,970.71
Group 2 0000226373 IL 83.91 01-Jul-2005 195,500.00 194,834.85
Group 2 0000226380 MD 90.00 01-Jul-2005 153,000.00 152,365.80
Group 2 0000227395 CA 50.91 01-Jul-2005 280,000.00 280,000.00
Group 2 0000228372 MO 90.00 01-Aug-2005 51,790.00 51,715.74
Group 2 0000235185 CA 80.00 01-Aug-2005 325,600.00 325,600.00
Group 2 0041454695 CA 69.49 01-May-2005 205,000.00 203,311.23
Group 2 0041482480 HI 75.00 01-Jun-2005 328,500.00 326,937.45
Group 2 0041640939 AZ 78.46 01-Jul-2005 147,500.00 147,500.00
Group 2 0041643131 IL 80.00 01-Jul-2005 125,600.00 125,212.12
Group 2 0041659996 AZ 95.00 01-Jun-2005 162,925.00 162,369.57
Group 2 0041681578 AZ 82.89 01-Jul-2005 155,000.00 154,202.04
Group 2 0041689308 DC 42.19 01-Jul-2005 135,000.00 134,334.02
Group 2 0041690256 DC 57.78 01-Jul-2005 260,000.00 258,482.05
Group 2 0041733718 DC 52.31 01-Aug-2005 170,000.00 169,283.55
Group 2 0041765835 NV 75.00 01-Aug-2005 188,250.00 187,608.79
Group 2 0041768490 IL 90.00 01-Aug-2005 184,500.00 183,958.03
Group 2 0041775024 AZ 80.00 01-Aug-2005 320,000.00 319,212.43
Group 2 0041780669 UT 90.00 01-Aug-2005 198,000.00 197,473.95
Group 2 0041782384 IA 95.00 01-Aug-2005 181,450.00 181,036.28
Group 2 0041800871 IL 83.88 01-Aug-2005 318,750.00 317,758.08
Group 2 0041808460 AZ 95.00 01-Aug-2005 339,150.00 338,429.82
Group 2 0041808627 NJ 65.00 01-Aug-2005 130,000.00 129,512.18
Group 2 0041825522 IL 90.00 01-Aug-2005 301,500.00 301,500.00
Group 2 0041829961 AZ 79.51 01-Aug-2005 163,000.00 162,472.55
Group 2 0041837840 IL 95.00 01-Aug-2005 266,000.00 265,145.21
Group 2 0041843830 VA 64.10 01-Aug-2005 125,001.00 124,575.20
Group 2 0041846312 MD 72.50 01-Aug-2005 232,000.00 231,325.25
Group 2 0041853862 CA 90.00 01-Aug-2005 328,500.00 327,461.50
Group 2 0041861873 PA 90.00 01-Aug-2005 164,700.00 164,216.19
Group 2 0041866070 IL 90.00 01-Aug-2005 234,000.00 234,000.00
Group 2 0041867433 AZ 90.00 01-Aug-2005 144,000.00 143,654.47
Group 2 0041870775 CA 73.64 01-Aug-2005 148,750.00 148,313.04
Group 2 00QB521809 CA 85.00 01-Apr-2005 323,000.00 322,848.92
Group 2 00QB550230 CA 65.00 01-Jul-2005 250,250.00 248,462.22
Group 2 0504080303 NM 69.31 01-Jul-2005 350,000.00 348,525.15
Group 2 0504134364 IL 80.00 01-Jul-2005 256,000.00 255,037.88
Group 2 0504135171 IL 90.00 01-Jul-2005 63,000.00 62,776.95
Group 2 0504158686 MN 95.00 01-Jun-2005 223,250.00 222,259.87
Group 2 0504189793 VA 85.00 01-Jul-2005 344,250.00 342,988.28
Group 2 0504203530 NV 83.08 01-Jun-2005 162,000.00 161,189.92
Group 2 0504214472 IL 75.00 01-Jul-2005 240,000.00 238,877.64
Group 2 0504214559 NY 80.00 01-Jul-2005 309,520.00 308,327.82
Group 2 0505062617 CA 85.00 01-Jul-2005 221,000.00 220,056.35
Group 2 0505093783 IA 80.00 01-Jul-2005 134,000.00 134,000.00
Group 2 0505129131 IL 80.00 01-Jul-2005 248,000.00 247,996.66
Group 2 0505131576 NJ 52.17 01-Jul-2005 60,000.00 59,820.19
Group 2 0505174757 IN 85.00 01-Jul-2005 57,800.00 57,627.74
Group 2 0505197927 CA 90.00 01-Jul-2005 187,200.00 186,817.40
Group 2 0505231739 GA 80.00 01-Aug-2005 304,000.00 303,038.96
Group 2 1000732306 CA 55.32 01-Aug-2005 130,000.00 129,646.87
Group 2 1000744691 CA 90.00 01-Aug-2005 283,500.00 282,650.47
Group 2 1000766594 CA 72.21 01-Aug-2005 278,000.00 277,019.34
Group 2 1000786338 CA 85.00 01-Aug-2005 348,500.00 347,728.34
Group 3 0000204897 CA 100.00 01-Jun-2005 99,000.00 98,726.72
Group 3 0000205013 CA 100.00 01-Jun-2005 76,600.00 76,022.10
Group 3 0000208222 CA 95.00 01-Jun-2005 99,750.00 99,480.77
Group 3 0000211659 CA 100.00 01-Jul-2005 110,000.00 109,695.29
Group 3 0000216819 VA 100.00 01-Jul-2005 108,000.00 107,386.25
Group 3 0000218933 NM 100.00 01-Jul-2005 43,500.00 43,200.28
Group 3 0000220824 CA 100.00 01-Jul-2005 56,000.00 55,863.20
Group 3 0000225568 MD 80.00 01-Jul-2005 448,000.00 445,957.37
Group 3 0503309481 NY 80.00 01-Jul-2005 460,000.00 458,722.04
Group 3 0504180580 CA 85.00 01-Jul-2005 357,000.00 355,516.75
Group 3 0504189554 CA 75.00 01-Jun-2005 225,000.00 223,877.09
Group 3 0504215701 AZ 85.00 01-Jul-2005 274,550.00 273,466.08
Group 3 0505117282 FL 70.00 01-Jul-2005 101,500.00 101,089.28
Group 3 0505117759 CA 65.93 01-Jul-2005 120,000.00 119,549.09
Group 3 0505198620 CA 51.06 01-Jul-2005 240,000.00 240,000.00
Group 3 1000789128 MN 75.00 01-Aug-2005 136,500.00 136,002.36
Group 4 0000175191 CA 84.00 01-Feb-2005 420,000.00 414,995.91
Group 4 0000179515 CA 90.00 01-Feb-2005 472,500.00 468,194.28
Group 4 0000183197 CA 71.70 01-Mar-2005 380,000.00 376,387.08
Group 4 0000184994 CA 80.00 01-Mar-2005 372,000.00 372,000.00
Group 4 0000185378 CA 90.00 01-Apr-2005 387,000.00 387,000.00
Group 4 0000186385 CA 80.00 01-Apr-2005 360,000.00 356,233.27
Group 4 0000187369 IL 87.74 01-Apr-2005 137,750.00 136,850.16
Group 4 0000188739 CA 89.90 01-Apr-2005 436,006.00 436,006.00
Group 4 0000192807 FL 70.62 01-May-2005 229,500.00 228,323.03
Group 4 0000193147 IL 85.00 01-May-2005 297,500.00 296,109.73
Group 4 0000193427 CA 77.37 01-Apr-2005 220,500.00 219,009.76
Group 4 0000193676 CA 90.00 01-May-2005 440,100.00 437,401.55
Group 4 0000194808 CA 85.00 01-Apr-2005 408,850.00 406,243.84
Group 4 0000196946 CA 63.64 01-May-2005 126,000.00 125,240.99
Group 4 0000197579 MD 64.27 01-May-2005 500,000.00 498,020.34
Group 4 0000197870 CA 80.00 01-May-2005 474,400.00 474,400.00
Group 4 0000198631 CA 68.77 01-May-2005 281,962.00 279,863.33
Group 4 0000199091 CA 90.00 01-May-2005 531,000.00 531,000.00
Group 4 0000200820 NY 85.00 01-May-2005 246,500.00 245,199.80
Group 4 0000201233 CA 80.00 01-May-2005 240,000.00 238,595.82
Group 4 0000201280 SC 79.56 01-May-2005 72,800.00 72,374.01
Group 4 0000201889 CA 80.00 01-May-2005 328,000.00 328,000.00
Group 4 0000202080 CA 75.00 01-May-2005 401,250.00 401,249.99
Group 4 0000202493 CA 65.73 01-May-2005 328,000.00 325,442.23
Group 4 0000205131 CA 89.43 01-Jun-2005 550,000.00 550,000.00
Group 4 0000206765 CA 75.00 01-Jun-2005 258,750.00 257,021.49
Group 4 0000207758 CA 90.00 01-Jun-2005 283,500.00 283,500.00
Group 4 0000209340 CA 87.43 01-Jun-2005 306,000.00 306,000.00
Group 4 0000214182 CA 89.98 01-Jun-2005 359,900.00 359,899.99
Group 4 0000214678 WI 61.16 01-Aug-2005 1,000,000.00 1,000,000.00
Group 4 0000215048 CA 85.00 01-Jun-2005 459,000.00 456,989.23
Group 4 0000216269 CA 85.00 01-Jun-2005 358,700.00 358,700.00
Group 4 0000217186 CA 95.00 01-Jul-2005 589,000.00 589,000.00
Group 4 0000217303 CA 80.00 01-Jun-2005 364,000.00 364,000.00
Group 4 0000219670 CA 80.00 01-Jul-2005 175,992.00 175,992.00
Group 4 0000220377 CA 80.00 01-Jul-2005 245,621.00 245,621.00
Group 4 0000220755 CA 85.00 01-Jul-2005 484,500.00 484,500.00
Group 4 0000220994 CA 85.00 01-Aug-2005 178,500.00 178,169.11
Group 4 0000223840 CA 58.81 01-Jul-2005 499,900.00 498,196.92
Group 4 0000227106 CA 70.00 01-Jul-2005 385,000.00 383,416.00
Group 4 0041577263 AZ 95.00 01-Jul-2005 679,250.00 676,620.76
Group 4 0041712936 FL 80.00 01-Aug-2005 146,800.00 146,368.78
Group 4 0041731811 CA 85.00 01-Aug-2005 569,500.00 567,953.03
Group 4 0041759770 PA 90.00 01-Aug-2005 54,900.00 54,444.64
Group 4 0041766171 NV 90.00 01-Aug-2005 300,330.00 299,232.99
Group 4 0041770702 AZ 76.19 01-Jul-2005 144,000.00 143,399.97
Group 4 0041811548 IL 79.28 01-Aug-2005 509,000.00 507,179.93
Group 4 0041817156 MA 80.00 01-Aug-2005 544,674.00 544,674.00
Group 4 0041834664 CA 75.00 01-Aug-2005 620,400.00 618,127.34
Group 4 0041855552 AZ 90.00 01-Aug-2005 636,132.00 636,132.00
Group 4 00QB551130 FL 46.00 01-Jul-2005 91,770.00 91,502.15
Group 4 0502097211 FL 89.98 01-Jun-2005 161,050.00 160,356.84
Group 4 0504077638 FL 80.00 01-Jun-2005 130,400.00 129,866.07
Group 4 0504122635 NV 80.00 01-Jul-2005 556,800.00 554,954.01
Group 4 0504146066 CA 80.00 01-Jul-2005 223,920.00 223,920.00
Group 4 0504215496 CA 75.00 01-Jul-2005 315,000.00 313,756.39
Group 4 0504258123 MI 95.00 01-Jul-2005 254,600.00 253,858.19
Group 4 0504258493 GA 86.11 01-Jul-2005 155,000.00 154,472.88
Group 4 0504261007 CA 56.95 01-Jul-2005 430,000.00 428,302.40
Group 4 0504271709 FL 80.00 01-Jun-2005 144,000.00 143,409.33
Group 4 0505040436 NJ 95.00 01-Jul-2005 285,950.00 284,926.97
Group 4 0505062567 IL 85.00 01-Jul-2005 226,950.00 226,158.72
Group 4 0505105752 FL 80.00 01-Jul-2005 216,400.00 216,400.00
Group 4 0505117262 MD 73.14 01-Jul-2005 384,000.00 382,404.57
Group 4 0505129010 GA 80.00 01-Jul-2005 128,800.00 128,293.84
Group 4 0505162301 FL 80.00 01-Jul-2005 96,800.00 96,424.54
Group 4 0505185806 NJ 90.00 01-Jul-2005 468,000.00 466,284.69
Group 4 0505185821 FL 80.00 01-Jul-2005 143,992.00 143,409.33
Group 4 0505198626 NJ 80.00 01-Jul-2005 130,240.00 129,795.77
Group 4 0505232263 FL 80.00 01-Jul-2005 319,200.00 317,705.96
Group 4 0505243801 AL 90.00 01-Jul-2005 207,000.00 206,267.33
Group 4 0505267331 FL 90.00 01-Jul-2005 331,200.00 330,182.25
Group 4 1000706161 IL 94.48 01-Aug-2005 171,950.00 171,950.00
Group 4 1000708006 CA 75.00 01-Jul-2005 232,500.00 232,500.00
Group 4 1000723801 CA 65.00 01-Jul-2005 182,000.00 181,139.10
Group 4 1000761083 CA 90.00 01-Jul-2005 288,900.00 288,900.00
Group 4 1000769913 CA 95.00 01-Aug-2005 285,280.00 284,430.05
Group 4 1000771017 CA 67.08 01-Aug-2005 219,000.00 218,070.07
Group 4 1000771084 CA 53.55 01-Aug-2005 101,750.00 101,524.68
Group 4 1000804586 CA 50.00 01-Aug-2005 75,000.00 74,669.34
Group 4 1000814802 AZ 80.00 01-Aug-2005 89,600.00 89,600.00
Prepayment Loan Detail - Prepayments during Current Period (continued)
Current
Loan PIF Months Loan Original
Group Number Type Delinquent Rate Term Seasoning
<s> <c> <c> <c> <c> <c> <c>
Group 1 0000196508 Loan Paid in Full 0 7.500% 360 6
Group 1 0000198197 Loan Paid in Full 0 6.940% 360 6
Group 1 0000198913 Loan Paid in Full 0 7.990% 180 6
Group 1 0000200102 Loan Paid in Full 0 6.250% 360 4
Group 1 0000214715 Loan Paid in Full 0 7.390% 360 5
Group 1 0000219997 Loan Paid in Full (1) 6.990% 360 4
Group 1 0000220027 Loan Paid in Full 0 10.700% 240 4
Group 1 0041609041 Loan Paid in Full 0 8.793% 360 4
Group 1 0041862111 Loan Paid in Full 0 9.615% 180 3
Group 1 00QB550905 Loan Paid in Full 0 7.750% 360 4
Group 1 0505052002 Loan Paid in Full 0 8.625% 360 4
Group 2 0000178398 Loan Paid in Full 0 5.890% 360 8
Group 2 0000178750 Loan Paid in Full 1 6.990% 360 8
Group 2 0000178899 Loan Paid in Full 0 7.000% 360 8
Group 2 0000182112 Loan Paid in Full 0 5.500% 360 8
Group 2 0000184663 Loan Paid in Full 0 6.550% 360 7
Group 2 0000185796 Loan Paid in Full 0 6.090% 360 6
Group 2 0000187857 Loan Paid in Full 0 7.090% 360 6
Group 2 0000189034 Loan Paid in Full 0 6.990% 360 6
Group 2 0000190039 Loan Paid in Full 0 6.990% 360 6
Group 2 0000191565 Loan Paid in Full 0 6.950% 360 7
Group 2 0000191941 Loan Paid in Full 0 5.990% 360 7
Group 2 0000192139 Loan Paid in Full 0 6.500% 360 6
Group 2 0000192523 Loan Paid in Full 0 5.640% 360 6
Group 2 0000193316 Loan Paid in Full 0 8.965% 360 6
Group 2 0000193436 Loan Paid in Full 0 7.250% 360 6
Group 2 0000194371 Loan Paid in Full 0 7.840% 360 6
Group 2 0000194951 Loan Paid in Full 1 9.740% 360 6
Group 2 0000195406 Loan Paid in Full 0 7.250% 360 7
Group 2 0000196146 Loan Paid in Full 0 5.990% 360 6
Group 2 0000196285 Loan Paid in Full (3) 5.590% 360 6
Group 2 0000196316 Loan Paid in Full 0 7.750% 360 6
Group 2 0000196561 Loan Paid in Full 0 8.650% 360 6
Group 2 0000196909 Loan Paid in Full 0 7.750% 360 6
Group 2 0000196967 Loan Paid in Full 0 7.065% 360 6
Group 2 0000197127 Loan Paid in Full 0 7.290% 360 6
Group 2 0000197317 Loan Paid in Full 0 7.240% 360 6
Group 2 0000197709 Loan Paid in Full 0 5.890% 360 6
Group 2 0000198406 Loan Paid in Full 0 6.580% 360 6
Group 2 0000198452 Loan Paid in Full 0 6.500% 360 6
Group 2 0000198600 Loan Paid in Full 0 6.990% 360 6
Group 2 0000198738 Loan Paid in Full 0 7.390% 360 6
Group 2 0000199279 Loan Paid in Full 0 5.900% 360 6
Group 2 0000199395 Loan Paid in Full 0 6.990% 360 6
Group 2 0000199523 Loan Paid in Full 0 7.250% 360 6
Group 2 0000200883 Loan Paid in Full 0 6.600% 360 6
Group 2 0000201733 Loan Paid in Full 0 6.590% 360 6
Group 2 0000201919 Loan Paid in Full 0 7.190% 360 6
Group 2 0000202139 Loan Paid in Full 0 6.850% 360 6
Group 2 0000202644 Loan Paid in Full 0 6.600% 360 6
Group 2 0000202774 Loan Paid in Full 0 5.490% 360 6
Group 2 0000202984 Loan Paid in Full 0 6.940% 360 6
Group 2 0000204611 Loan Paid in Full 0 6.490% 360 5
Group 2 0000206146 Loan Paid in Full 0 6.490% 360 5
Group 2 0000206385 Loan Paid in Full 0 5.900% 360 5
Group 2 0000207710 Loan Paid in Full 0 6.500% 360 5
Group 2 0000207905 Loan Paid in Full 0 5.790% 360 5
Group 2 0000208552 Loan Paid in Full 0 7.390% 360 5
Group 2 0000211859 Loan Paid in Full 0 5.990% 360 4
Group 2 0000213089 Loan Paid in Full 0 6.500% 360 4
Group 2 0000214294 Loan Paid in Full 0 6.570% 360 5
Group 2 0000215206 Loan Paid in Full 0 7.500% 360 5
Group 2 0000216295 Loan Paid in Full 0 8.490% 360 4
Group 2 0000217270 Loan Paid in Full 0 5.990% 360 4
Group 2 0000218002 Loan Paid in Full 0 7.500% 360 4
Group 2 0000218405 Loan Paid in Full 0 6.790% 360 4
Group 2 0000219029 Loan Paid in Full 0 7.050% 360 4
Group 2 0000219264 Loan Paid in Full 0 7.990% 360 4
Group 2 0000219867 Loan Paid in Full 0 6.190% 360 4
Group 2 0000219926 Loan Paid in Full 0 6.200% 360 4
Group 2 0000220454 Loan Paid in Full 0 7.250% 360 4
Group 2 0000220542 Loan Paid in Full 0 7.040% 360 4
Group 2 0000220675 Loan Paid in Full 0 7.500% 360 4
Group 2 0000221087 Loan Paid in Full 0 6.590% 360 4
Group 2 0000222052 Loan Paid in Full 0 6.640% 360 3
Group 2 0000225951 Loan Paid in Full 0 8.890% 360 4
Group 2 0000226373 Loan Paid in Full 0 7.990% 360 4
Group 2 0000226380 Loan Paid in Full 0 6.990% 360 4
Group 2 0000227395 Loan Paid in Full 0 6.890% 360 4
Group 2 0000228372 Loan Paid in Full 0 11.040% 360 3
Group 2 0000235185 Loan Paid in Full 0 6.990% 360 3
Group 2 0041454695 Loan Paid in Full 0 5.880% 360 6
Group 2 0041482480 Loan Paid in Full (1) 7.245% 360 5
Group 2 0041640939 Loan Paid in Full (1) 6.725% 360 4
Group 2 0041643131 Loan Paid in Full 0 8.475% 360 4
Group 2 0041659996 Loan Paid in Full 0 8.900% 360 5
Group 2 0041681578 Loan Paid in Full 0 5.875% 360 4
Group 2 0041689308 Loan Paid in Full 0 6.100% 360 4
Group 2 0041690256 Loan Paid in Full 0 5.600% 360 4
Group 2 0041733718 Loan Paid in Full 0 5.740% 360 3
Group 2 0041765835 Loan Paid in Full 0 6.850% 360 3
Group 2 0041768490 Loan Paid in Full 0 7.600% 360 3
Group 2 0041775024 Loan Paid in Full 0 8.490% 360 3
Group 2 0041780669 Loan Paid in Full 0 8.100% 360 3
Group 2 0041782384 Loan Paid in Full 0 8.855% 360 3
Group 2 0041800871 Loan Paid in Full 0 7.350% 360 3
Group 2 0041808460 Loan Paid in Full 0 9.225% 360 3
Group 2 0041808627 Loan Paid in Full 0 6.350% 360 3
Group 2 0041825522 Loan Paid in Full 0 8.230% 360 3
Group 2 0041829961 Loan Paid in Full 0 7.125% 360 3
Group 2 0041837840 Loan Paid in Full 0 7.750% 360 3
Group 2 0041843830 Loan Paid in Full 0 6.850% 360 3
Group 2 0041846312 Loan Paid in Full 0 7.650% 360 3
Group 2 0041853862 Loan Paid in Full 0 7.230% 360 3
Group 2 0041861873 Loan Paid in Full 0 7.600% 360 3
Group 2 0041866070 Loan Paid in Full 0 8.350% 360 3
Group 2 0041867433 Loan Paid in Full 0 8.600% 360 3
Group 2 0041870775 Loan Paid in Full 0 7.600% 360 3
Group 2 00QB521809 Loan Paid in Full 0 6.500% 360 7
Group 2 00QB550230 Loan Paid in Full (1) 7.350% 360 4
Group 2 0504080303 Loan Paid in Full 0 8.250% 360 4
Group 2 0504134364 Loan Paid in Full 0 7.499% 360 4
Group 2 0504135171 Loan Paid in Full 0 7.799% 360 4
Group 2 0504158686 Loan Paid in Full 0 7.599% 360 5
Group 2 0504189793 Loan Paid in Full 0 7.625% 360 4
Group 2 0504203530 Loan Paid in Full 0 6.990% 360 5
Group 2 0504214472 Loan Paid in Full 0 7.990% 360 4
Group 2 0504214559 Loan Paid in Full 0 7.375% 360 4
Group 2 0505062617 Loan Paid in Full 0 6.850% 360 4
Group 2 0505093783 Loan Paid in Full 0 6.350% 360 4
Group 2 0505129131 Loan Paid in Full 0 7.250% 360 4
Group 2 0505131576 Loan Paid in Full (1) 8.625% 360 4
Group 2 0505174757 Loan Paid in Full 0 8.650% 360 4
Group 2 0505197927 Loan Paid in Full 0 10.450% 360 4
Group 2 0505231739 Loan Paid in Full 0 7.230% 360 3
Group 2 1000732306 Loan Paid in Full 0 7.990% 360 3
Group 2 1000744691 Loan Paid in Full 0 7.500% 360 3
Group 2 1000766594 Loan Paid in Full 0 6.670% 360 3
Group 2 1000786338 Loan Paid in Full 0 8.990% 360 3
Group 3 0000204897 Loan Paid in Full 0 9.900% 180 5
Group 3 0000205013 Loan Paid in Full 1 10.500% 240 5
Group 3 0000208222 Loan Paid in Full 0 10.000% 180 5
Group 3 0000211659 Loan Paid in Full 0 8.990% 180 4
Group 3 0000216819 Loan Paid in Full 0 11.250% 240 4
Group 3 0000218933 Loan Paid in Full 0 9.750% 240 4
Group 3 0000220824 Loan Paid in Full 0 9.600% 180 4
Group 3 0000225568 Loan Paid in Full 0 6.500% 360 4
Group 3 0503309481 Loan Paid in Full 0 8.990% 360 4
Group 3 0504180580 Loan Paid in Full 0 6.990% 360 4
Group 3 0504189554 Loan Paid in Full 0 7.000% 360 5
Group 3 0504215701 Loan Paid in Full (1) 7.250% 360 4
Group 3 0505117282 Loan Paid in Full 0 7.125% 360 4
Group 3 0505117759 Loan Paid in Full 0 7.500% 360 4
Group 3 0505198620 Loan Paid in Full 0 6.650% 360 4
Group 3 1000789128 Loan Paid in Full 0 6.500% 360 3
Group 4 0000175191 Loan Paid in Full 0 5.150% 360 9
Group 4 0000179515 Loan Paid in Full 0 6.590% 360 9
Group 4 0000183197 Loan Paid in Full 0 5.790% 360 8
Group 4 0000184994 Loan Paid in Full 2 6.500% 360 8
Group 4 0000185378 Loan Paid in Full 0 6.510% 360 7
Group 4 0000186385 Loan Paid in Full 0 5.890% 360 7
Group 4 0000187369 Loan Paid in Full 0 8.840% 360 7
Group 4 0000188739 Loan Paid in Full 0 6.640% 360 7
Group 4 0000192807 Loan Paid in Full (1) 7.660% 360 6
Group 4 0000193147 Loan Paid in Full 0 9.000% 360 6
Group 4 0000193427 Loan Paid in Full 0 6.950% 360 7
Group 4 0000193676 Loan Paid in Full 0 6.750% 360 6
Group 4 0000194808 Loan Paid in Full 0 7.250% 360 7
Group 4 0000196946 Loan Paid in Full 0 6.840% 360 6
Group 4 0000197579 Loan Paid in Full 0 8.940% 360 6
Group 4 0000197870 Loan Paid in Full 0 5.990% 360 6
Group 4 0000198631 Loan Paid in Full 0 5.950% 360 6
Group 4 0000199091 Loan Paid in Full 0 8.250% 360 6
Group 4 0000200820 Loan Paid in Full 0 7.500% 360 6
Group 4 0000201233 Loan Paid in Full 0 6.990% 360 6
Group 4 0000201280 Loan Paid in Full 0 6.990% 360 6
Group 4 0000201889 Loan Paid in Full (1) 6.990% 360 6
Group 4 0000202080 Loan Paid in Full 0 6.190% 360 6
Group 4 0000202493 Loan Paid in Full (1) 5.500% 360 6
Group 4 0000205131 Loan Paid in Full 0 6.640% 360 5
Group 4 0000206765 Loan Paid in Full 0 5.500% 360 5
Group 4 0000207758 Loan Paid in Full 0 6.640% 360 5
Group 4 0000209340 Loan Paid in Full 0 5.990% 360 5
Group 4 0000214182 Loan Paid in Full 0 6.790% 360 5
Group 4 0000214678 Loan Paid in Full 0 7.500% 360 3
Group 4 0000215048 Loan Paid in Full 0 7.650% 360 5
Group 4 0000216269 Loan Paid in Full 0 6.640% 360 5
Group 4 0000217186 Loan Paid in Full 0 7.090% 360 4
Group 4 0000217303 Loan Paid in Full 0 5.990% 360 5
Group 4 0000219670 Loan Paid in Full 0 6.590% 360 4
Group 4 0000220377 Loan Paid in Full 0 6.990% 360 4
Group 4 0000220755 Loan Paid in Full 0 7.440% 360 4
Group 4 0000220994 Loan Paid in Full 0 9.840% 360 3
Group 4 0000223840 Loan Paid in Full 0 7.990% 360 4
Group 4 0000227106 Loan Paid in Full 0 7.040% 360 4
Group 4 0041577263 Loan Paid in Full 0 7.350% 360 4
Group 4 0041712936 Loan Paid in Full 0 7.600% 360 3
Group 4 0041731811 Loan Paid in Full 0 7.990% 360 3
Group 4 0041759770 Loan Paid in Full 0 6.990% 360 3
Group 4 0041766171 Loan Paid in Full 0 6.490% 360 3
Group 4 0041770702 Loan Paid in Full 0 6.975% 360 4
Group 4 0041811548 Loan Paid in Full 0 6.600% 360 3
Group 4 0041817156 Loan Paid in Full 0 6.100% 360 3
Group 4 0041834664 Loan Paid in Full 0 6.475% 360 3
Group 4 0041855552 Loan Paid in Full 0 7.355% 360 3
Group 4 00QB551130 Loan Paid in Full (1) 8.750% 360 4
Group 4 0502097211 Loan Paid in Full 0 7.750% 360 5
Group 4 0504077638 Loan Paid in Full 0 7.999% 360 5
Group 4 0504122635 Loan Paid in Full 1 8.125% 360 4
Group 4 0504146066 Loan Paid in Full 0 7.300% 360 4
Group 4 0504215496 Loan Paid in Full (1) 7.250% 360 4
Group 4 0504258123 Loan Paid in Full 0 8.759% 360 4
Group 4 0504258493 Loan Paid in Full 0 7.999% 360 4
Group 4 0504261007 Loan Paid in Full 0 7.250% 360 4
Group 4 0504271709 Loan Paid in Full 0 7.990% 360 5
Group 4 0505040436 Loan Paid in Full 0 7.750% 360 4
Group 4 0505062567 Loan Paid in Full 1 7.875% 360 4
Group 4 0505105752 Loan Paid in Full 0 6.955% 360 4
Group 4 0505117262 Loan Paid in Full 0 6.990% 360 4
Group 4 0505129010 Loan Paid in Full 0 7.375% 360 4
Group 4 0505162301 Loan Paid in Full 0 7.340% 360 4
Group 4 0505185806 Loan Paid in Full 0 7.625% 360 4
Group 4 0505185821 Loan Paid in Full 0 7.125% 360 4
Group 4 0505198626 Loan Paid in Full 0 7.999% 360 4
Group 4 0505232263 Loan Paid in Full 0 6.375% 360 4
Group 4 0505243801 Loan Paid in Full 0 7.800% 360 4
Group 4 0505267331 Loan Paid in Full 0 8.499% 360 4
Group 4 1000706161 Loan Paid in Full 0 8.570% 360 3
Group 4 1000708006 Loan Paid in Full 0 6.300% 360 4
Group 4 1000723801 Loan Paid in Full 0 6.320% 360 4
Group 4 1000761083 Loan Paid in Full 0 8.500% 360 4
Group 4 1000769913 Loan Paid in Full 0 8.250% 360 3
Group 4 1000771017 Loan Paid in Full 0 5.700% 360 3
Group 4 1000771084 Loan Paid in Full 0 8.990% 360 3
Group 4 1000804586 Loan Paid in Full 0 5.500% 360 3
Group 4 1000814802 Loan Paid in Full (1) 7.990% 360 3
Prepayment - Voluntary Prepayments
Summary
SMM CPR PSA
<s> <c> <s> <c> <s> <c>
Current Month 2.593% Current Month 27.044% Current Month 3,243.504%
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>
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
Nov-2005 27.044% N/A Nov-2005 3,243.504% 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