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 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-WM1 (Exact name of registrant as specified in its charter) New York (governing law of 333-127970-01 54-2184218 Pooling and Servicing Agreement) (Commission 54-2184219 (State or other File Number) 54-2184220 jurisdiction 54-2184221 of Incorporation) 54-2184346 54-2184347 54-2184348 54-6675915 IRS EIN 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 the ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2005-WM1 Trust which was not included in the original 8-K filed. The 8-K is being amended because the Principal was not correct in the original 8-K filed. The revised data has been and will continue to be available on the Wells Fargo Bank, 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 Asset Backed Certificates, Series 2005-WM1 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-WM1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Kelly Rentz as Officer By: Kelly Rentz as Officer Date:11/13/2006 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Asset Backed Certificates, Series 2005-WM1 Trust, relating to the October 25, 2005 distribution. EX-99.1 Asset Backed Funding Corporation Asset Backed Certificates Distribution Date: 10/25/2005 Asset Backed Funding Corporation Asset Backed Certificates Series 2005-WMC1 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> R ABF05WM1R 0.00000% 0.00 0.00 A-1 04542BNX6 4.10063% 235,900,000.00 671,762.93 A-2A 04542BNY4 3.95063% 216,231,000.00 593,228.25 A-2B 04542BNZ1 4.02063% 86,365,000.00 241,140.08 A-2C 04542BPA4 4.12063% 141,576,000.00 405,126.61 A-2D 04542BPB2 4.20063% 45,876,000.00 133,825.07 A-2MZ 04542BPC0 4.16063% 54,450,000.00 157,323.82 M-1 04542BPD8 4.28063% 37,257,000.00 110,752.38 M-2 04542BPE6 4.29063% 33,734,000.00 100,513.97 M-3 04542BPF3 4.33063% 23,160,000.00 69,650.97 M-4 04542BPG1 4.43063% 16,111,000.00 49,570.75 M-5 04542BPH9 4.47063% 16,615,000.00 51,583.00 M-6 04542BPJ5 4.52063% 14,098,000.00 44,258.22 M-7 04542BPK2 4.96063% 15,104,000.00 52,031.50 M-8 04542BPL0 5.14063% 11,580,000.00 41,339.23 M-9 04542BPM8 5.59063% 10,070,000.00 39,095.59 M-10 04542BPN6 5.84063% 15,104,000.00 61,261.72 M-11 04542BPP1 6.84063% 6,042,000.00 28,702.14 M-12 04542BPQ9 6.34063% 9,063,000.00 39,906.34 B-1 04542BPR7 6.34063% 10,573,000.00 46,555.20 B-2 04542BPS5 6.34063% 3,021,000.00 13,302.11 CE ABF5WM1CE 0.00000% 5,035,323.42 2,174,178.94 R-X ABF5WM1RX 0.00000% 0.00 0.00 P ABF05WM1P 0.00000% 100.00 291,883.84 Totals 1,006,965,423.42 5,416,992.66 Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses <s> <c> <c> <c> <c> <c> R 0.00 0.00 0.00 0.00 0.00 A-1 5,630,234.61 0.00 230,269,765.50 6,301,997.54 0.00 A-2A 14,827,650.94 0.00 201,403,349.04 15,420,879.19 0.00 A-2B 0.00 0.00 86,365,000.00 241,140.08 0.00 A-2C 0.00 0.00 141,576,000.00 405,126.61 0.00 A-2D 0.00 0.00 45,876,000.00 133,825.07 0.00 A-2MZ 1,647,893.37 0.00 52,802,106.63 1,805,217.19 0.00 M-1 0.00 0.00 37,257,000.00 110,752.38 0.00 M-2 0.00 0.00 33,734,000.00 100,513.97 0.00 M-3 0.00 0.00 23,160,000.00 69,650.97 0.00 M-4 0.00 0.00 16,111,000.00 49,570.75 0.00 M-5 0.00 0.00 16,615,000.00 51,583.00 0.00 M-6 0.00 0.00 14,098,000.00 44,258.22 0.00 M-7 0.00 0.00 15,104,000.00 52,031.50 0.00 M-8 0.00 0.00 11,580,000.00 41,339.23 0.00 M-9 0.00 0.00 10,070,000.00 39,095.59 0.00 M-10 0.00 0.00 15,104,000.00 61,261.72 0.00 M-11 0.00 0.00 6,042,000.00 28,702.14 0.00 M-12 0.00 0.00 9,063,000.00 39,906.34 0.00 B-1 0.00 0.00 10,573,000.00 46,555.20 0.00 B-2 0.00 0.00 3,021,000.00 13,302.11 0.00 CE 0.00 0.00 5,034,727.12 2,174,178.94 0.00 R-X 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 100.00 291,883.84 0.00 Totals 22,105,778.92 0.00 984,859,048.29 27,522,771.58 0.00 <FN> This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. </FN> Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution <s> <c> <c> <c> <c> <c> <c> R 0.00 0.00 0.00 0.00 0.00 0.00 A-1 235,900,000.00 235,900,000.00 0.00 5,630,234.61 0.00 0.00 A-2A 216,231,000.00 216,231,000.00 0.00 14,827,650.94 0.00 0.00 A-2B 86,365,000.00 86,365,000.00 0.00 0.00 0.00 0.00 A-2C 141,576,000.00 141,576,000.00 0.00 0.00 0.00 0.00 A-2D 45,876,000.00 45,876,000.00 0.00 0.00 0.00 0.00 A-2MZ 54,450,000.00 54,450,000.00 0.00 1,647,893.37 0.00 0.00 M-1 37,257,000.00 37,257,000.00 0.00 0.00 0.00 0.00 M-2 33,734,000.00 33,734,000.00 0.00 0.00 0.00 0.00 M-3 23,160,000.00 23,160,000.00 0.00 0.00 0.00 0.00 M-4 16,111,000.00 16,111,000.00 0.00 0.00 0.00 0.00 M-5 16,615,000.00 16,615,000.00 0.00 0.00 0.00 0.00 M-6 14,098,000.00 14,098,000.00 0.00 0.00 0.00 0.00 M-7 15,104,000.00 15,104,000.00 0.00 0.00 0.00 0.00 M-8 11,580,000.00 11,580,000.00 0.00 0.00 0.00 0.00 M-9 10,070,000.00 10,070,000.00 0.00 0.00 0.00 0.00 M-10 15,104,000.00 15,104,000.00 0.00 0.00 0.00 0.00 M-11 6,042,000.00 6,042,000.00 0.00 0.00 0.00 0.00 M-12 9,063,000.00 9,063,000.00 0.00 0.00 0.00 0.00 B-1 10,573,000.00 10,573,000.00 0.00 0.00 0.00 0.00 B-2 3,021,000.00 3,021,000.00 0.00 0.00 0.00 0.00 CE 5,035,323.42 5,035,323.42 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,006,965,423.42 1,006,965,423.42 0.00 22,105,778.92 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> R 0.00 0.00 0.00000000 0.00 A-1 5,630,234.61 230,269,765.50 0.97613296 5,630,234.61 A-2A 14,827,650.94 201,403,349.04 0.93142680 14,827,650.94 A-2B 0.00 86,365,000.00 1.00000000 0.00 A-2C 0.00 141,576,000.00 1.00000000 0.00 A-2D 0.00 45,876,000.00 1.00000000 0.00 A-2MZ 1,647,893.37 52,802,106.63 0.96973566 1,647,893.37 M-1 0.00 37,257,000.00 1.00000000 0.00 M-2 0.00 33,734,000.00 1.00000000 0.00 M-3 0.00 23,160,000.00 1.00000000 0.00 M-4 0.00 16,111,000.00 1.00000000 0.00 M-5 0.00 16,615,000.00 1.00000000 0.00 M-6 0.00 14,098,000.00 1.00000000 0.00 M-7 0.00 15,104,000.00 1.00000000 0.00 M-8 0.00 11,580,000.00 1.00000000 0.00 M-9 0.00 10,070,000.00 1.00000000 0.00 M-10 0.00 15,104,000.00 1.00000000 0.00 M-11 0.00 6,042,000.00 1.00000000 0.00 M-12 0.00 9,063,000.00 1.00000000 0.00 B-1 0.00 10,573,000.00 1.00000000 0.00 B-2 0.00 3,021,000.00 1.00000000 0.00 CE 0.00 5,034,727.12 0.99988158 0.00 R-X 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 22,105,778.92 984,859,048.29 0.97804654 22,105,778.92 Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution <s> <c> <c> <c> <c> <c> R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 235,900,000.00 1000.00000000 0.00000000 23.86703947 0.00000000 A-2A 216,231,000.00 1000.00000000 0.00000000 68.57319691 0.00000000 A-2B 86,365,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 141,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2D 45,876,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2MZ 54,450,000.00 1000.00000000 0.00000000 30.26434105 0.00000000 M-1 37,257,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 33,734,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 23,160,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 16,111,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 16,615,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 14,098,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 15,104,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 11,580,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 10,070,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 15,104,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 6,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-12 9,063,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 10,573,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,021,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 5,035,323.42 1000.00000000 0.00000000 0.00000000 0.00000000 R-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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> R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 23.86703947 976.13296100 0.97613296 23.86703947 A-2A 0.00000000 68.57319691 931.42680300 0.93142680 68.57319691 A-2B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-2D 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-2MZ 0.00000000 30.26434105 969.73565895 0.96973566 30.26434105 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 M-11 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-12 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.88157662 0.99988158 0.00000000 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 <FN> NOTE: All Classes are per $1000 denomination. </FN> Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Rate Notional Interest Interest Balance Shortfall (1) <s> <c> <c> <c> <c> <c> <c> R ** ** 0.00000% 0.00 0.00 0.00 A-1 ** ** 4.10063% 235,900,000.00 671,762.93 0.00 A-2A ** ** 3.95063% 216,231,000.00 593,228.25 0.00 A-2B ** ** 4.02063% 86,365,000.00 241,140.08 0.00 A-2C ** ** 4.12063% 141,576,000.00 405,126.61 0.00 A-2D ** ** 4.20063% 45,876,000.00 133,825.07 0.00 A-2MZ ** ** 4.16063% 54,450,000.00 157,323.82 0.00 M-1 ** ** 4.28063% 37,257,000.00 110,752.38 0.00 M-2 ** ** 4.29063% 33,734,000.00 100,513.97 0.00 M-3 ** ** 4.33063% 23,160,000.00 69,650.97 0.00 M-4 ** ** 4.43063% 16,111,000.00 49,570.75 0.00 M-5 ** ** 4.47063% 16,615,000.00 51,583.00 0.00 M-6 ** ** 4.52063% 14,098,000.00 44,258.22 0.00 M-7 ** ** 4.96063% 15,104,000.00 52,031.50 0.00 M-8 ** ** 5.14063% 11,580,000.00 41,339.23 0.00 M-9 ** ** 5.59063% 10,070,000.00 39,095.59 0.00 M-10 ** ** 5.84063% 15,104,000.00 61,261.72 0.00 M-11 ** ** 6.84063% 6,042,000.00 28,702.14 0.00 M-12 ** ** 6.34063% 9,063,000.00 39,906.34 0.00 B-1 ** ** 6.34063% 10,573,000.00 46,555.20 0.00 B-2 ** ** 6.34063% 3,021,000.00 13,302.11 0.00 CE ** ** 0.00000% 5,035,323.42 0.00 0.00 R-X ** ** 0.00000% 0.00 0.00 0.00 P ** ** 0.00000% 100.00 0.00 0.00 Totals 2,950,929.88 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> R 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 671,762.93 0.00 230,269,765.50 A-2A 0.00 0.00 593,228.25 0.00 201,403,349.04 A-2B 0.00 0.00 241,140.08 0.00 86,365,000.00 A-2C 0.00 0.00 405,126.61 0.00 141,576,000.00 A-2D 0.00 0.00 133,825.07 0.00 45,876,000.00 A-2MZ 0.00 0.00 157,323.82 0.00 52,802,106.63 M-1 0.00 0.00 110,752.38 0.00 37,257,000.00 M-2 0.00 0.00 100,513.97 0.00 33,734,000.00 M-3 0.00 0.00 69,650.97 0.00 23,160,000.00 M-4 0.00 0.00 49,570.75 0.00 16,111,000.00 M-5 0.00 0.00 51,583.00 0.00 16,615,000.00 M-6 0.00 0.00 44,258.22 0.00 14,098,000.00 M-7 0.00 0.00 52,031.50 0.00 15,104,000.00 M-8 0.00 0.00 41,339.23 0.00 11,580,000.00 M-9 0.00 0.00 39,095.59 0.00 10,070,000.00 M-10 0.00 0.00 61,261.72 0.00 15,104,000.00 M-11 0.00 0.00 28,702.14 0.00 6,042,000.00 M-12 0.00 0.00 39,906.34 0.00 9,063,000.00 B-1 0.00 0.00 46,555.20 0.00 10,573,000.00 B-2 0.00 0.00 13,302.11 0.00 3,021,000.00 CE 0.00 0.00 2,174,178.94 0.00 5,034,727.12 R-X 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 291,883.84 0.00 100.00 Totals 0.00 0.00 5,416,992.66 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> R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 A-1 235,900,000.00 4.10063% 1000.00000000 2.84765973 0.00000000 A-2A 216,231,000.00 3.95063% 1000.00000000 2.74349307 0.00000000 A-2B 86,365,000.00 4.02063% 1000.00000000 2.79210421 0.00000000 A-2C 141,576,000.00 4.12063% 1000.00000000 2.86154864 0.00000000 A-2D 45,876,000.00 4.20063% 1000.00000000 2.91710415 0.00000000 A-2MZ 54,450,000.00 4.16063% 1000.00000000 2.88932635 0.00000000 M-1 37,257,000.00 4.28063% 1000.00000000 2.97265963 0.00000000 M-2 33,734,000.00 4.29063% 1000.00000000 2.97960426 0.00000000 M-3 23,160,000.00 4.33063% 1000.00000000 3.00738212 0.00000000 M-4 16,111,000.00 4.43063% 1000.00000000 3.07682639 0.00000000 M-5 16,615,000.00 4.47063% 1000.00000000 3.10460427 0.00000000 M-6 14,098,000.00 4.52063% 1000.00000000 3.13932615 0.00000000 M-7 15,104,000.00 4.96063% 1000.00000000 3.44488215 0.00000000 M-8 11,580,000.00 5.14063% 1000.00000000 3.56988169 0.00000000 M-9 10,070,000.00 5.59063% 1000.00000000 3.88238232 0.00000000 M-10 15,104,000.00 5.84063% 1000.00000000 4.05599311 0.00000000 M-11 6,042,000.00 6.84063% 1000.00000000 4.75043694 0.00000000 M-12 9,063,000.00 6.34063% 1000.00000000 4.40321527 0.00000000 B-1 10,573,000.00 6.34063% 1000.00000000 4.40321574 0.00000000 B-2 3,021,000.00 6.34063% 1000.00000000 4.40321417 0.00000000 CE 5,035,323.42 0.00000% 1000.00000000 0.00000000 0.00000000 R-X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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> R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 2.84765973 0.00000000 976.13296100 A-2A 0.00000000 0.00000000 2.74349307 0.00000000 931.42680300 A-2B 0.00000000 0.00000000 2.79210421 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 2.86154864 0.00000000 1000.00000000 A-2D 0.00000000 0.00000000 2.91710415 0.00000000 1000.00000000 A-2MZ 0.00000000 0.00000000 2.88932635 0.00000000 969.73565895 M-1 0.00000000 0.00000000 2.97265963 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.97960426 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.00738212 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.07682639 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.10460427 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.13932615 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.44488215 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 3.56988169 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 3.88238232 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.05599311 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 4.75043694 0.00000000 1000.00000000 M-12 0.00000000 0.00000000 4.40321527 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.40321574 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.40321417 0.00000000 1000.00000000 CE 0.00000000 0.00000000 431.78536087 0.00000000 999.88157662 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 2918838.40000000 0.00000000 1000.00000000 <FN> (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable. NOTE: All Classes are per $1000 denomination. </FN> CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT <s> <c> Beginning Balance 0.00 Deposits Payments of Interest and Principal 27,579,047.39 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 65,684.90 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 291,883.84 Total Deposits 27,936,616.13 Withdrawals Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0.00 Total Administration Fees 413,844.55 Payment of Interest and Principal 27,522,771.58 Total Withdrawals (Pool Distribution Amount) 27,936,616.13 Ending Balance 0.00 <FN> Servicer Advances are calculated as delinquent scheduled principal and interest. NOTE: Swap/Cap Payments are reported on the following page. </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* 413,844.55 Credit Risk Manager Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees 413,844.55 <FN> *Servicer Payees include: HOMEQ SERVICING CORPORATION </FN> Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance <s> <c> <c> <c> <c> Cap Carryover Reserve Fund 0.00 0.00 0.00 0.00 COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.083498% Weighted Average Net Coupon 6.590319% Weighted Average Pass-Through Rate 6.583498% Weighted Average Remaining Term 338 Beginning Scheduled Collateral Loan Count 5,216 Number Of Loans Paid In Full 88 Ending Scheduled Collateral Loan Count 5,128 Beginning Scheduled Collateral Balance 1,006,965,423.42 Ending Scheduled Collateral Balance 971,121,022.38 Ending Actual Collateral Balance at 30-Sep-2005 971,571,953.06 Monthly P&I Constant 6,384,638.69 Special Servicing Fee 0.00 Prepayment Penalty Paid Amount 291,883.84 Prepayment Penalty Paid Count * Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 971,121,022.38 Scheduled Principal 521,704.78 Unscheduled Principal 21,584,200.54 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 596.32 Specified O/C Amount 5,034,827.12 Overcollateralized Amount 5,034,827.12 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00 Extra Principal Distribution Amount 0.00 Excess Cash Amount 2,789,308.39 <FN> * This data is currently not provided for reporting. </FN> Group Level Collateral Statement <s> <c> <c> Group 1 1 Collateral Description Mixed Fixed Mixed ARM Weighted Average Coupon Rate 8.232451 6.821530 Weighted Average Net Rate 7.732451 6.321530 Pass-Through Rate 7.732451 6.321530 Weighted Average Remaining Term 278 357 Record Date 09/30/2005 09/30/2005 Principal And Interest Constant 434,263.10 1,493,119.91 Beginning Loan Count 831 1,267 Loans Paid in Full 9 21 Ending Loan Count 822 1,246 Beginning Scheduled Balance 57,051,453.33 239,886,662.07 Ending Scheduled Balance 56,275,350.07 235,032,404.32 Scheduled Principal 42,868.71 129,458.26 Unscheduled Principal 733,234.55 4,724,799.49 Scheduled Interest 391,394.39 1,363,661.65 Servicing Fees 23,771.44 99,952.78 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 367,622.95 1,263,708.87 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Paid Amount * * Prepayment Penalty Paid Count * * Special Servicing Fee 0.00 0.00 <FN> * This data is currently not provided for reporting. </FN> Group Level Collateral Statement <s> <c> <c> Group 2 2 Collateral Description Mixed Fixed Mixed ARM Weighted Average Coupon Rate 8.678795 6.716367 Weighted Average Net Rate 8.178795 6.216367 Pass-Through Rate 8.178795 6.216367 Weighted Average Remaining Term 246 357 Record Date 09/30/2005 09/30/2005 Principal And Interest Constant 1,019,585.27 3,437,670.41 Beginning Loan Count 1,227 1,891 Loans Paid in Full 18 40 Ending Loan Count 1,209 1,851 Beginning Scheduled Balance 128,882,298.47 567,406,513.83 Ending Scheduled Balance 126,880,133.97 552,933,134.02 Scheduled Principal 87,466.10 261,911.71 Unscheduled Principal 1,914,698.40 14,211,468.10 Scheduled Interest 932,119.17 3,175,758.70 Servicing Fees 53,700.95 236,419.38 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 878,418.22 2,939,339.32 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Paid Amount * * Prepayment Penalty Paid Count * * Special Servicing Fee 0.00 0.00 <FN> * This data is currently not provided for reporting. </FN> Group Level Collateral Statement <s> <c> <c> Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.083498 Weighted Average Net Rate 6.590319 Pass-Through Rate 6.583498 Weighted Average Remaining Term 338 Record Date 09/30/2005 Principal And Interest Constant 6,384,638.69 Beginning Loan Count 5,216 Loans Paid in Full 88 Ending Loan Count 5,128 Beginning Scheduled Balance 993,226,927.70 Ending Scheduled Balance 971,121,022.38 Scheduled Principal 521,704.78 Unscheduled Principal 21,584,200.54 Scheduled Interest 5,862,933.91 Servicing Fees 413,844.55 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 5,449,089.36 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Paid Amount 291,883.84 Prepayment Penalty Paid Count * Special Servicing Fee 0.00 <FN> * This data is currently not provided for reporting. </FN> Additional Reporting - Deal Level Miscellaneous Reporting <s> <c> Group 1 Available Funds 7,553,576.68 Group 2 Available Funds 20,293,301.84 CAP In 0.00 CAP Out 324,432.72 OC Amount 5,034,827.12 OC Deficiency Amount 0.00 Trigger Event NO 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 Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 47 0 0 0 47 8,920,046.60 0.00 0.00 0.00 8,920,046.60 60 Days 2 0 0 0 2 613,350.00 0.00 0.00 0.00 613,350.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 49 0 0 0 49 9,533,396.60 0.00 0.00 0.00 9,533,396.60 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.916537% 0.000000% 0.000000% 0.000000% 0.916537% 0.918105% 0.000000% 0.000000% 0.000000% 0.918105% 60 Days 0.039002% 0.000000% 0.000000% 0.000000% 0.039002% 0.063130% 0.000000% 0.000000% 0.000000% 0.063130% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.955538% 0.000000% 0.000000% 0.000000% 0.955538% 0.981234% 0.000000% 0.000000% 0.000000% 0.981234% <s> <c> Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 65,684.90 Delinquency Status By Group DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL <s> <c> <c> <c> <c> <c> 1 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 339,603.27 0.00 0.00 0.00 339,603.27 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 7 0 0 0 7 339,603.27 0.00 0.00 0.00 339,603.27 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.851582% 0.000000% 0.000000% 0.000000% 0.851582% 0.603101% 0.000000% 0.000000% 0.000000% 0.603101% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.851582% 0.000000% 0.000000% 0.000000% 0.851582% 0.603101% 0.000000% 0.000000% 0.000000% 0.603101% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL <s> <c> <c> <c> <c> <c> 1 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 1,503,117.41 0.00 0.00 0.00 1,503,117.41 60 Days 1 0 0 0 1 221,350.00 0.00 0.00 0.00 221,350.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 11 0 0 0 11 1,724,467.41 0.00 0.00 0.00 1,724,467.41 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.802568% 0.000000% 0.000000% 0.000000% 0.802568% 0.639232% 0.000000% 0.000000% 0.000000% 0.639232% 60 Days 0.080257% 0.000000% 0.000000% 0.000000% 0.080257% 0.094134% 0.000000% 0.000000% 0.000000% 0.094134% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.882825% 0.000000% 0.000000% 0.000000% 0.882825% 0.733366% 0.000000% 0.000000% 0.000000% 0.733366% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL <s> <c> <c> <c> <c> <c> 2 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 12 0 0 0 12 1,148,735.89 0.00 0.00 0.00 1,148,735.89 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 12 0 0 0 12 1,148,735.89 0.00 0.00 0.00 1,148,735.89 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.992556% 0.000000% 0.000000% 0.000000% 0.992556% 0.904866% 0.000000% 0.000000% 0.000000% 0.904866% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.992556% 0.000000% 0.000000% 0.000000% 0.992556% 0.904866% 0.000000% 0.000000% 0.000000% 0.904866% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL <s> <c> <c> <c> <c> <c> 2 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 18 0 0 0 18 5,928,590.03 0.00 0.00 0.00 5,928,590.03 60 Days 1 0 0 0 1 392,000.00 0.00 0.00 0.00 392,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 19 0 0 0 19 6,320,590.03 0.00 0.00 0.00 6,320,590.03 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.972447% 0.000000% 0.000000% 0.000000% 0.972447% 1.071754% 0.000000% 0.000000% 0.000000% 1.071754% 60 Days 0.054025% 0.000000% 0.000000% 0.000000% 0.054025% 0.070865% 0.000000% 0.000000% 0.000000% 0.070865% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1.026472% 0.000000% 0.000000% 0.000000% 1.026472% 1.142618% 0.000000% 0.000000% 0.000000% 1.142618% 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 Actual 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 Actual 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. 1 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 Actual 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 Actual 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. 1 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 Actual 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 Actual 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. 2 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 Actual 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 Actual 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. 2 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 Actual 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 Actual 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 Actual 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 Actual 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 Actual 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. 1 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 Actual 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 Actual 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. 1 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 Actual 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 Actual 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. 2 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 Actual 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 Actual 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. 2 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 Actual 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 Actual 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 Actual To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest <s> <c> <c> <c> <c> <c> <c> No Foreclosure Loans this Period Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage <s> <c> <s> <c> Loans in Bankruptcy 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Actual Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Bankruptcy Total Mar-05 0.000% Loans in Bankruptcy 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Actual 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. 1 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage <s> <c> <s> <c> Loans in Bankruptcy 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Actual Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Bankruptcy Total Mar-05 0.000% Loans in Bankruptcy 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Actual 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. 1 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage <s> <c> <s> <c> Loans in Bankruptcy 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Actual Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Bankruptcy Total Mar-05 0.000% Loans in Bankruptcy 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Actual 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. 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage <s> <c> <s> <c> Loans in Bankruptcy 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Actual Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Bankruptcy Total Mar-05 0.000% Loans in Bankruptcy 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Actual 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. 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage <s> <c> <s> <c> Loans in Bankruptcy 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Actual Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Bankruptcy Total Mar-05 0.000% Loans in Bankruptcy 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Actual 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. 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> No Bankruptcy Loans this Period Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Actual Date Delinquent Loan Rate Delinquent Balance Interest <s> <c> <c> <c> <c> <c> <c> No Bankruptcy Loans this Period Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Actual Loss/(Gain) Loss Group Losses Balance Amount Percentage <s> <c> <c> <c> <c> 1 0 0.00 0.00 0.000% 1 0 0.00 0.00 0.000% 2 0 0.00 0.00 0.000% 2 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000% Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term <s> <c> <c> <c> <c> <c> <c> No Losses this Period Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Actual 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. 1 MDR SDA <s> <c> <s> <c> Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. <s> <c> <c> <s> <c> <c> 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. 1 MDR SDA <s> <c> <s> <c> Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. <s> <c> <c> <s> <c> <c> 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. 2 MDR SDA <s> <c> <s> <c> Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. <s> <c> <c> <s> <c> <c> 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. 2 MDR SDA <s> <c> <s> <c> Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. <s> <c> <c> <s> <c> <c> 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> Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled 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 Scheduled Balance of Liquidated Loans). Includes losses on loans liquidating in the current period only. </FN> Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Scheduled Principal Scheduled Group Count Balance Balance Count Balance Balance <s> <c> <c> <c> <c> <c> <c> 1 9 732,050.00 730,529.23 0 0.00 0.00 1 21 4,737,761.00 4,726,566.46 0 0.00 0.00 2 18 1,741,268.00 1,738,667.27 0 0.00 0.00 2 40 14,231,304.00 14,206,138.76 0 0.00 0.00 Total 88 21,442,383.00 21,401,901.72 0 0.00 0.00 Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Scheduled Principal Scheduled Curtailment Group Count Balance Balance Count Balance Balance Amount <s> <c> <c> <c> <c> <c> <c> <c> 1 0 0.00 0.00 0 0.00 0.00 3,185.22 1 0 0.00 0.00 0 0.00 0.00 1,291.41 2 0 0.00 0.00 0 0.00 0.00 176,830.53 2 0 0.00 0.00 0 0.00 0.00 12,932.65 Total 0 0.00 0.00 0 0.00 0.00 194,239.81 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> 1 0011190237 WA 80.00 01-Jun-2005 119,200.00 118,763.12 1 0011190255 WA 100.00 01-Jun-2005 29,800.00 29,736.29 1 0011212270 CA 100.00 01-Jul-2005 66,000.00 65,901.94 1 0011212393 WA 100.00 01-Jul-2005 20,000.00 19,964.08 1 0011213042 FL 95.00 01-Jul-2005 17,250.00 17,229.94 1 0011213574 CA 100.00 01-Jul-2005 55,400.00 55,282.29 1 0011214813 MD 90.00 01-Jul-2005 153,000.00 152,568.22 1 0011218464 TN 100.00 01-Jul-2005 21,400.00 21,352.60 1 0011220797 TN 55.56 01-Jul-2005 250,000.00 249,250.85 1 0011165579 CA 95.00 01-May-2005 218,500.00 217,407.45 1 0011184387 NY 90.00 01-Jun-2005 355,500.00 354,279.12 1 0011185177 CA 80.00 01-Jul-2005 280,000.00 280,000.00 1 0011189281 MD 90.00 01-Jun-2005 270,000.00 269,999.50 1 0011195980 IL 72.58 01-Jun-2005 90,000.00 89,594.66 1 0011196391 CA 80.00 01-Jul-2005 216,000.00 215,133.40 1 0011196972 NV 90.00 01-Jul-2005 251,811.00 251,145.39 1 0011200163 GA 90.00 01-Jun-2005 143,100.00 143,100.00 1 0011202142 CA 94.01 01-Jun-2005 267,000.00 266,929.75 1 0011203307 MD 80.00 01-Jun-2005 124,000.00 123,122.65 1 0011203558 CA 80.00 01-Jul-2005 275,200.00 274,880.60 1 0011209790 FL 80.00 01-Jul-2005 166,400.00 165,784.88 1 0011212263 CA 80.00 01-Jul-2005 264,000.00 263,083.10 1 0011215474 NJ 57.94 01-Jul-2005 135,000.00 134,585.31 1 0011216608 IL 95.00 01-Jul-2005 289,750.00 289,040.37 1 0011217421 CA 80.00 01-Jul-2005 252,000.00 251,054.41 1 0011219250 CA 65.28 01-Jul-2005 235,000.00 234,011.49 1 0011224163 NY 70.00 01-Jul-2005 315,000.00 313,571.98 1 0011228419 AZ 90.00 01-Jun-2005 193,500.00 192,893.26 1 0011228526 FL 80.00 01-Jun-2005 156,000.00 155,216.31 1 0011230947 CA 35.04 01-Jun-2005 240,000.00 238,674.45 2 0011179101 CA 100.00 01-Jul-2005 85,000.00 84,870.26 2 0011192714 CA 97.00 01-Jun-2005 128,000.00 127,761.11 2 0011193096 FL 70.00 01-Jul-2005 72,800.00 72,638.80 2 0011194317 CA 100.00 01-Jun-2005 65,600.00 65,452.16 2 0011198614 CA 100.00 01-Jun-2005 43,000.00 42,919.80 2 0011199501 AZ 100.00 01-Jul-2005 40,265.00 40,192.70 2 0011199668 CA 100.00 01-Jul-2005 76,000.00 75,887.08 2 0011211038 CA 100.00 01-Jul-2005 115,000.00 114,814.79 2 0011211446 CA 100.00 01-Jul-2005 125,000.00 124,692.98 2 0011212161 CA 100.00 01-Jul-2005 123,995.00 123,734.87 2 0011212221 CA 100.00 01-Jul-2005 120,520.00 120,340.95 2 0011212898 NY 100.00 01-Jul-2005 77,200.00 77,026.69 2 0011215761 CA 100.00 01-Jul-2005 124,000.00 123,696.33 2 0011216345 MO 100.00 01-Jul-2005 31,980.00 31,916.31 2 0011221033 CA 100.00 01-Jul-2005 127,200.00 126,971.61 2 0011229638 MD 100.00 01-Jul-2005 119,000.00 118,736.53 2 0011229984 CA 100.00 01-Jul-2005 151,708.00 151,421.40 2 0011232097 CA 100.00 01-Jul-2005 115,000.00 114,793.50 2 0011152773 AZ 90.00 01-Jul-2005 204,245.00 203,645.05 2 0011172092 CA 80.00 01-May-2005 440,000.00 437,210.44 2 0011178405 CT 80.00 01-Jul-2005 480,000.00 478,409.24 2 0011179100 CA 80.00 01-Jul-2005 340,000.00 338,908.10 2 0011182876 CA 80.00 01-Jun-2005 400,000.00 400,000.00 2 0011185777 CA 85.00 01-Jun-2005 374,000.00 372,559.45 2 0011190188 MA 83.80 01-Jul-2005 238,000.00 237,111.21 2 0011191187 AZ 80.00 01-Jun-2005 123,200.00 122,759.59 2 0011192160 DE 90.00 01-Jul-2005 377,910.00 376,589.60 2 0011192628 CA 80.00 01-Jul-2005 185,965.00 185,343.87 2 0011194041 CA 90.00 01-Jul-2005 607,500.00 605,643.07 2 0011194658 CA 85.00 01-Jul-2005 382,500.00 381,353.82 2 0011196394 CA 64.94 01-Jul-2005 250,000.00 249,250.85 2 0011197564 VA 90.00 01-Jul-2005 211,500.00 210,914.99 2 0011202705 AZ 80.00 01-Jun-2005 197,264.00 197,226.43 2 0011202874 IL 95.00 01-Jun-2005 332,072.00 331,051.79 2 0011203685 CA 85.00 01-Jun-2005 399,500.00 397,657.27 2 0011205541 CA 68.64 01-Jun-2005 429,000.00 428,017.38 2 0011206062 CA 80.00 01-Jul-2005 316,800.00 315,616.93 2 0011206277 CA 90.00 01-Jul-2005 522,000.00 521,234.86 2 0011210006 CA 75.00 01-Jul-2005 634,021.00 632,954.14 2 0011211868 CA 67.42 01-Jul-2005 300,000.00 299,665.10 2 0011212164 CA 80.00 01-Jul-2005 495,995.00 495,995.00 2 0011213122 VA 85.00 01-Jul-2005 306,000.00 305,632.91 2 0011213271 CA 85.00 01-Jul-2005 100,300.00 100,178.82 2 0011214056 WI 90.00 01-Jul-2005 153,000.00 152,472.14 2 0011216100 IL 85.00 01-Jul-2005 72,250.00 72,043.62 2 0011217094 CA 80.00 01-Jul-2005 581,600.00 581,441.87 2 0011219107 MD 85.00 01-Jul-2005 270,300.00 270,056.93 2 0011219573 DC 80.00 01-Jul-2005 380,000.00 380,000.00 2 0011220994 CA 80.00 01-Jul-2005 460,000.00 458,425.55 2 0011221031 CA 80.00 01-Jul-2005 508,800.00 508,800.00 2 0011221249 MD 80.00 01-Jul-2005 560,000.00 560,000.00 2 0011222567 VA 85.00 01-Jun-2005 374,000.00 372,696.08 2 0011225008 CA 67.61 01-Jul-2005 240,000.00 239,763.24 2 0011229637 MD 80.00 01-Jul-2005 476,000.00 475,003.75 2 0011229900 CA 80.00 01-Jul-2005 606,832.00 604,454.64 2 0011234110 CA 88.03 01-Jul-2005 515,000.00 513,751.56 2 0011237226 IL 44.62 01-Jul-2005 58,000.00 57,885.14 2 0011237697 IL 95.00 01-Jul-2005 327,750.00 326,811.02 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> 1 0011190237 Loan Paid in Full (1) 7.625% 360 4 1 0011190255 Loan Paid in Full (1) 10.240% 180 4 1 0011212270 Loan Paid in Full 0 10.875% 180 3 1 0011212393 Loan Paid in Full 0 9.990% 180 3 1 0011213042 Loan Paid in Full 0 11.990% 180 3 1 0011213574 Loan Paid in Full 0 9.250% 180 3 1 0011214813 Loan Paid in Full 1 7.800% 360 3 1 0011218464 Loan Paid in Full 0 8.990% 180 3 1 0011220797 Loan Paid in Full 0 7.500% 360 3 1 0011165579 Loan Paid in Full 0 6.990% 360 5 1 0011184387 Loan Paid in Full 0 7.950% 360 4 1 0011185177 Loan Paid in Full 0 5.500% 360 3 1 0011189281 Loan Paid in Full 0 6.700% 360 4 1 0011195980 Loan Paid in Full 0 6.575% 360 4 1 0011196391 Loan Paid in Full 0 6.000% 360 3 1 0011196972 Loan Paid in Full 0 8.125% 360 3 1 0011200163 Loan Paid in Full 0 6.825% 360 4 1 0011202142 Loan Paid in Full 0 7.000% 360 4 1 0011203307 Loan Paid in Full 0 8.275% 360 4 1 0011203558 Loan Paid in Full 0 7.990% 360 3 1 0011209790 Loan Paid in Full 0 7.990% 360 3 1 0011212263 Loan Paid in Full 0 6.750% 360 3 1 0011215474 Loan Paid in Full 0 7.375% 360 3 1 0011216608 Loan Paid in Full 0 8.500% 360 3 1 0011217421 Loan Paid in Full 0 6.350% 360 3 1 0011219250 Loan Paid in Full (1) 5.750% 360 3 1 0011224163 Loan Paid in Full 0 5.350% 360 3 1 0011228419 Loan Paid in Full 1 8.400% 360 4 1 0011228526 Loan Paid in Full (1) 7.250% 360 4 1 0011230947 Loan Paid in Full 1 5.500% 360 4 2 0011179101 Loan Paid in Full 0 10.750% 180 3 2 0011192714 Loan Paid in Full 0 10.875% 180 4 2 0011193096 Loan Paid in Full 0 8.990% 360 3 2 0011194317 Loan Paid in Full 0 9.990% 180 4 2 0011198614 Loan Paid in Full 1 10.875% 180 4 2 0011199501 Loan Paid in Full 0 9.990% 180 3 2 0011199668 Loan Paid in Full 1 10.875% 180 3 2 0011211038 Loan Paid in Full 1 10.500% 180 3 2 0011211446 Loan Paid in Full 0 10.850% 180 3 2 0011212161 Loan Paid in Full (1) 9.250% 180 3 2 0011212221 Loan Paid in Full 0 10.875% 180 3 2 0011212898 Loan Paid in Full 0 9.990% 180 3 2 0011215761 Loan Paid in Full 0 8.500% 180 3 2 0011216345 Loan Paid in Full 0 9.500% 180 3 2 0011221033 Loan Paid in Full 0 9.990% 180 3 2 0011229638 Loan Paid in Full 0 8.990% 180 3 2 0011229984 Loan Paid in Full 0 9.750% 180 3 2 0011232097 Loan Paid in Full 1 9.990% 180 3 2 0011152773 Loan Paid in Full 0 7.600% 360 3 2 0011172092 Loan Paid in Full 0 5.750% 360 5 2 0011178405 Loan Paid in Full 0 6.990% 360 3 2 0011179100 Loan Paid in Full 0 7.150% 360 3 2 0011182876 Loan Paid in Full 0 6.990% 360 4 2 0011185777 Loan Paid in Full 0 7.375% 360 4 2 0011190188 Loan Paid in Full 0 6.375% 360 3 2 0011191187 Loan Paid in Full 0 7.750% 360 4 2 0011192160 Loan Paid in Full 0 7.250% 360 3 2 0011192628 Loan Paid in Full 0 6.950% 360 3 2 0011194041 Loan Paid in Full 0 7.400% 360 3 2 0011194658 Loan Paid in Full 0 7.500% 360 3 2 0011196394 Loan Paid in Full 0 7.500% 360 3 2 0011197564 Loan Paid in Full 0 7.900% 360 3 2 0011202705 Loan Paid in Full 0 6.250% 360 4 2 0011202874 Loan Paid in Full 0 8.500% 360 4 2 0011203685 Loan Paid in Full 0 6.451% 360 4 2 0011205541 Loan Paid in Full 1 6.375% 360 4 2 0011206062 Loan Paid in Full 1 6.375% 360 3 2 0011206277 Loan Paid in Full 0 7.170% 360 3 2 0011210006 Loan Paid in Full 1 6.675% 360 3 2 0011211868 Loan Paid in Full 1 8.125% 360 3 2 0011212164 Loan Paid in Full (1) 6.490% 360 3 2 0011213122 Loan Paid in Full 0 7.875% 360 3 2 0011213271 Loan Paid in Full 0 7.850% 360 3 2 0011214056 Loan Paid in Full 0 6.790% 360 3 2 0011216100 Loan Paid in Full (2) 7.740% 360 3 2 0011217094 Loan Paid in Full 0 6.490% 360 3 2 0011219107 Loan Paid in Full 1 8.865% 360 3 2 0011219573 Loan Paid in Full 0 6.500% 360 3 2 0011220994 Loan Paid in Full 0 6.825% 360 3 2 0011221031 Loan Paid in Full 0 7.750% 360 3 2 0011221249 Loan Paid in Full 0 6.550% 360 3 2 0011222567 Loan Paid in Full 0 7.875% 360 4 2 0011225008 Loan Paid in Full 0 8.550% 360 3 2 0011229637 Loan Paid in Full 0 5.875% 360 3 2 0011229900 Loan Paid in Full 0 6.125% 360 3 2 0011234110 Loan Paid in Full 0 8.550% 360 3 2 0011237226 Loan Paid in Full 0 9.525% 360 3 2 0011237697 Loan Paid in Full (1) 7.725% 360 3 Prepayment - Voluntary Prepayments Summary SMM CPR PSA <s> <c> <s> <c> <s> <c> Current Month 2.174% Current Month 23.187% Current Month 3,483.069% 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 23.187% N/A Oct-2005 3,483.069% 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. 1 SMM CPR PSA <s> <c> <s> <c> <s> <c> Current Month 1.286% Current Month 14.388% Current Month 2,143.952% 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 14.388% N/A Oct-2005 2,143.952% 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. 1 SMM CPR PSA <s> <c> <s> <c> <s> <c> Current Month 1.971% Current Month 21.246% Current Month 3,187.102% 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 21.246% N/A Oct-2005 3,187.102% 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. 2 SMM CPR PSA <s> <c> <s> <c> <s> <c> Current Month 1.487% Current Month 16.451% Current Month 2,424.256% 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 16.451% N/A Oct-2005 2,424.256% 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. 2 SMM CPR PSA <s> <c> <s> <c> <s> <c> Current Month 2.506% Current Month 26.253% Current Month 3,966.903% 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 26.253% N/A Oct-2005 3,966.903% 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 Beginning Current Loan Scheduled Scheduled 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 Current Current Loan Scheduled Current Current Loan Scheduled Current Current Number Balance Rate Payment Number Balance Rate Payment <s> <c> <c> <c> <c> <c> <c> <c> No Substitutions this Period Repurchases Current Loan Scheduled Current Current Number Balance Rate Payment <s> <c> <c> <c> No Repurchases this Period Breaches Current Loan Scheduled Current Current Number Balance Rate Payment <s> <c> <c> <c> No Breaches this Period