-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FsJHy7Z+GRVS5st7RZVF2qh+zCFT2BkFprsVCLkXuN4rlaK/SVfNEduGk51/2Xb1 0oFGeZoPbfwlURwB94hOZA== 0001056404-05-003066.txt : 20050901 0001056404-05-003066.hdr.sgml : 20050901 20050901162152 ACCESSION NUMBER: 0001056404-05-003066 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050901 DATE AS OF CHANGE: 20050901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN HOME MORT SECURITIES HOME MORTGAGE INVEST TR 2004-1 CENTRAL INDEX KEY: 0001285877 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-112273-01 FILM NUMBER: 051065013 BUSINESS ADDRESS: STREET 1: 520 BROADHOLLOW RD CITY: MELVILLE STATE: NY ZIP: 11747 8-K 1 ahm04001_10508.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2005 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112273-01 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 On August 25, 2005 a distribution was made to holders of AMERICAN HOME MORTGAGE INVESTMENT TRUST, Mortgage-Backed Notes, Series 2004-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 Trust, relating to the August 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. AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 Trust, relating to the August 25, 2005 distribution. EX-99.1
AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Record Date: 7/29/2005 Distribution Date: 8/25/2005 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Series 2004-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution I-A 02660TAE3 SEN 3.81000% 79,451,133.54 260,665.93 I-M-1 02660TAF0 MEZ 4.06000% 5,327,620.19 18,625.95 I-M-2 02660TAG8 MEZ 4.71000% 4,632,475.09 18,788.55 I-M-3 02660TAH6 MEZ 5.46000% 2,779,993.60 12,174.90 2-A-1 02660TAJ2 SEN 2.61000% 53,636,661.75 116,659.74 2-M-1 02660TAK9 MEZ 3.25000% 4,610,666.99 12,487.22 2-M-2 02660TAL7 MEZ 3.45500% 1,997,937.92 5,752.40 2-M-3 02660TAM5 MEZ 3.66000% 922,186.72 2,812.67 3-A-1 02660TAN3 SEN 3.28000% 109,782,730.11 300,072.80 3-M-1 02660TAP8 MEZ 3.49500% 5,283,633.47 15,388.58 3-M-2 02660TAQ6 MEZ 3.70000% 1,761,819.73 5,432.28 4-A-1 02660TAR4 SEN 3.28000% 54,031,869.99 147,687.11 4-M-1 02660TAS2 MEZ 3.49500% 2,709,223.46 7,890.61 4-M-2 02660TAT0 MEZ 3.70000% 1,956,791.82 6,033.44 4-M-3 02660TAU7 MEZ 3.90500% 1,204,360.17 3,919.19 OT AHM0401OT OT 0.00000% 0.00 426,300.33 Totals 330,089,104.55 1,360,691.70
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A 5,471,436.75 0.00 73,979,696.79 5,732,102.68 0.00 I-M-1 366,888.87 0.00 4,960,731.31 385,514.82 0.00 I-M-2 319,017.40 0.00 4,313,457.69 337,805.95 0.00 I-M-3 191,445.46 0.00 2,588,548.14 203,620.36 0.00 2-A-1 2,630,973.38 0.00 51,005,688.37 2,747,633.12 0.00 2-M-1 226,161.39 0.00 4,384,505.60 238,648.61 0.00 2-M-2 98,002.40 0.00 1,899,935.53 103,754.80 0.00 2-M-3 45,234.89 0.00 876,951.83 48,047.56 0.00 3-A-1 3,112,714.64 0.00 106,670,015.47 3,412,787.44 0.00 3-M-1 149,809.02 0.00 5,133,824.45 165,197.60 0.00 3-M-2 49,953.60 0.00 1,711,866.13 55,385.88 0.00 4-A-1 3,284,424.08 0.00 50,747,445.92 3,432,111.19 0.00 4-M-1 164,685.00 0.00 2,544,538.46 172,575.61 0.00 4-M-2 118,947.10 0.00 1,837,844.72 124,980.54 0.00 4-M-3 73,209.19 0.00 1,131,150.98 77,128.38 0.00 OT 0.00 0.00 0.00 426,300.33 0.00 Totals 16,302,903.17 0.00 313,786,201.39 17,663,594.87 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 203,101,000.00 79,451,133.54 0.00 5,471,436.75 0.00 0.00 I-M-1 13,619,000.00 5,327,620.19 0.00 366,888.87 0.00 0.00 I-M-2 11,842,000.00 4,632,475.09 0.00 319,017.40 0.00 0.00 I-M-3 7,106,500.00 2,779,993.60 0.00 191,445.46 0.00 0.00 2-A-1 100,592,000.00 53,636,661.75 0.00 2,630,973.38 0.00 0.00 2-M-1 8,647,000.00 4,610,666.99 0.00 226,161.39 0.00 0.00 2-M-2 3,747,000.00 1,997,937.92 0.00 98,002.40 0.00 0.00 2-M-3 1,729,500.00 922,186.72 0.00 45,234.89 0.00 0.00 3-A-1 150,328,000.00 109,782,730.11 0.00 3,112,714.64 0.00 0.00 3-M-1 7,235,000.00 5,283,633.47 0.00 149,809.02 0.00 0.00 3-M-2 2,412,500.00 1,761,819.73 0.00 49,953.60 0.00 0.00 4-A-1 92,060,000.00 54,031,869.99 0.00 3,284,424.08 0.00 0.00 4-M-1 4,616,000.00 2,709,223.46 0.00 164,685.00 0.00 0.00 4-M-2 3,334,000.00 1,956,791.82 0.00 118,947.10 0.00 0.00 4-M-3 2,052,000.00 1,204,360.17 0.00 73,209.19 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 612,421,500.00 330,089,104.55 0.00 16,302,903.17 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A 5,471,436.75 73,979,696.79 0.36425078 5,471,436.75 I-M-1 366,888.87 4,960,731.31 0.36425078 366,888.87 I-M-2 319,017.40 4,313,457.69 0.36425078 319,017.40 I-M-3 191,445.46 2,588,548.14 0.36425078 191,445.46 2-A-1 2,630,973.38 51,005,688.37 0.50705512 2,630,973.38 2-M-1 226,161.39 4,384,505.60 0.50705512 226,161.39 2-M-2 98,002.40 1,899,935.53 0.50705512 98,002.40 2-M-3 45,234.89 876,951.83 0.50705512 45,234.89 3-A-1 3,112,714.64 106,670,015.47 0.70958182 3,112,714.64 3-M-1 149,809.02 5,133,824.45 0.70958182 149,809.02 3-M-2 49,953.60 1,711,866.13 0.70958182 49,953.60 4-A-1 3,284,424.08 50,747,445.92 0.55124317 3,284,424.08 4-M-1 164,685.00 2,544,538.46 0.55124317 164,685.00 4-M-2 118,947.10 1,837,844.72 0.55124317 118,947.10 4-M-3 73,209.19 1,131,150.98 0.55124317 73,209.19 OT 0.00 0.00 0.00000000 0.00 Totals 16,302,903.17 313,786,201.39 0.51236967 16,302,903.17
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 203,101,000.00 391.19026268 0.00000000 26.93948700 0.00000000 I-M-1 13,619,000.00 391.19026287 0.00000000 26.93948675 0.00000000 I-M-2 11,842,000.00 391.19026262 0.00000000 26.93948657 0.00000000 I-M-3 7,106,500.00 391.19026244 0.00000000 26.93948639 0.00000000 2-A-1 100,592,000.00 533.21001422 0.00000000 26.15489681 0.00000000 2-M-1 8,647,000.00 533.21001388 0.00000000 26.15489650 0.00000000 2-M-2 3,747,000.00 533.21001334 0.00000000 26.15489725 0.00000000 2-M-3 1,729,500.00 533.21001446 0.00000000 26.15489448 0.00000000 3-A-1 150,328,000.00 730.28797104 0.00000000 20.70615348 0.00000000 3-M-1 7,235,000.00 730.28797097 0.00000000 20.70615342 0.00000000 3-M-2 2,412,500.00 730.28797098 0.00000000 20.70615544 0.00000000 4-A-1 92,060,000.00 586.92016066 0.00000000 35.67699413 0.00000000 4-M-1 4,616,000.00 586.92016031 0.00000000 35.67699307 0.00000000 4-M-2 3,334,000.00 586.92016197 0.00000000 35.67699460 0.00000000 4-M-3 2,052,000.00 586.92016082 0.00000000 35.67699318 0.00000000 OT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 26.93948700 364.25077567 0.36425078 26.93948700 I-M-1 0.00000000 26.93948675 364.25077539 0.36425078 26.93948675 I-M-2 0.00000000 26.93948657 364.25077605 0.36425078 26.93948657 I-M-3 0.00000000 26.93948639 364.25077605 0.36425078 26.93948639 2-A-1 0.00000000 26.15489681 507.05511740 0.50705512 26.15489681 2-M-1 0.00000000 26.15489650 507.05511738 0.50705512 26.15489650 2-M-2 0.00000000 26.15489725 507.05511876 0.50705512 26.15489725 2-M-3 0.00000000 26.15489448 507.05511998 0.50705512 26.15489448 3-A-1 0.00000000 20.70615348 709.58181756 0.70958182 20.70615348 3-M-1 0.00000000 20.70615342 709.58181755 0.70958182 20.70615342 3-M-2 0.00000000 20.70615544 709.58181554 0.70958182 20.70615544 4-A-1 0.00000000 35.67699413 551.24316663 0.55124317 35.67699413 4-M-1 0.00000000 35.67699307 551.24316724 0.55124317 35.67699307 4-M-2 0.00000000 35.67699460 551.24316737 0.55124317 35.67699460 4-M-3 0.00000000 35.67699318 551.24316764 0.55124317 35.67699318 OT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 203,101,000.00 3.81000% 79,451,133.54 260,665.93 0.00 0.00 I-M-1 13,619,000.00 4.06000% 5,327,620.19 18,625.95 0.00 0.00 I-M-2 11,842,000.00 4.71000% 4,632,475.09 18,788.55 0.00 0.00 I-M-3 7,106,500.00 5.46000% 2,779,993.60 13,070.60 0.00 0.00 2-A-1 100,592,000.00 2.61000% 53,636,661.75 116,659.74 0.00 0.00 2-M-1 8,647,000.00 3.25000% 4,610,666.99 12,487.22 0.00 0.00 2-M-2 3,747,000.00 3.45500% 1,997,937.92 5,752.40 0.00 0.00 2-M-3 1,729,500.00 3.66000% 922,186.72 2,812.67 0.00 0.00 3-A-1 150,328,000.00 3.28000% 109,782,730.11 300,072.80 0.00 0.00 3-M-1 7,235,000.00 3.49500% 5,283,633.47 15,388.58 0.00 0.00 3-M-2 2,412,500.00 3.70000% 1,761,819.73 5,432.28 0.00 0.00 4-A-1 92,060,000.00 3.28000% 54,031,869.99 147,687.11 0.00 0.00 4-M-1 4,616,000.00 3.49500% 2,709,223.46 7,890.61 0.00 0.00 4-M-2 3,334,000.00 3.70000% 1,956,791.82 6,033.44 0.00 0.00 4-M-3 2,052,000.00 3.90500% 1,204,360.17 3,919.19 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 612,421,500.00 935,287.07 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 0.00 0.00 260,665.93 0.00 73,979,696.79 I-M-1 0.00 0.00 18,625.95 0.00 4,960,731.31 I-M-2 0.00 0.00 18,788.55 0.00 4,313,457.69 I-M-3 0.00 0.00 12,174.90 0.00 2,588,548.14 2-A-1 0.00 0.00 116,659.74 0.00 51,005,688.37 2-M-1 0.00 0.00 12,487.22 0.00 4,384,505.60 2-M-2 0.00 0.00 5,752.40 0.00 1,899,935.53 2-M-3 0.00 0.00 2,812.67 0.00 876,951.83 3-A-1 0.00 0.00 300,072.80 0.00 106,670,015.47 3-M-1 0.00 0.00 15,388.58 0.00 5,133,824.45 3-M-2 0.00 0.00 5,432.28 0.00 1,711,866.13 4-A-1 0.00 0.00 147,687.11 0.00 50,747,445.92 4-M-1 0.00 0.00 7,890.61 0.00 2,544,538.46 4-M-2 0.00 0.00 6,033.44 0.00 1,837,844.72 4-M-3 0.00 0.00 3,919.19 0.00 1,131,150.98 OT 0.00 0.00 426,300.33 0.00 0.00 Totals 0.00 0.00 1,360,691.70 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 203,101,000.00 3.81000% 391.19026268 1.28343007 0.00000000 0.00000000 I-M-1 13,619,000.00 4.06000% 391.19026287 1.36764447 0.00000000 0.00000000 I-M-2 11,842,000.00 4.71000% 391.19026262 1.58660277 0.00000000 0.00000000 I-M-3 7,106,500.00 5.46000% 391.19026244 1.83924576 0.00000000 0.00000000 2-A-1 100,592,000.00 2.61000% 533.21001422 1.15973179 0.00000000 0.00000000 2-M-1 8,647,000.00 3.25000% 533.21001388 1.44411010 0.00000000 0.00000000 2-M-2 3,747,000.00 3.45500% 533.21001334 1.53520149 0.00000000 0.00000000 2-M-3 1,729,500.00 3.66000% 533.21001446 1.62629084 0.00000000 0.00000000 3-A-1 150,328,000.00 3.28000% 730.28797104 1.99612048 0.00000000 0.00000000 3-M-1 7,235,000.00 3.49500% 730.28797097 2.12696337 0.00000000 0.00000000 3-M-2 2,412,500.00 3.70000% 730.28797098 2.25172228 0.00000000 0.00000000 4-A-1 92,060,000.00 3.28000% 586.92016066 1.60424842 0.00000000 0.00000000 4-M-1 4,616,000.00 3.49500% 586.92016031 1.70940425 0.00000000 0.00000000 4-M-2 3,334,000.00 3.70000% 586.92016197 1.80967007 0.00000000 0.00000000 4-M-3 2,052,000.00 3.90500% 586.92016082 1.90993665 0.00000000 0.00000000 OT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 1.28343007 0.00000000 364.25077567 I-M-1 0.00000000 0.00000000 1.36764447 0.00000000 364.25077539 I-M-2 0.00000000 0.00000000 1.58660277 0.00000000 364.25077605 I-M-3 0.00000000 0.00000000 1.71320622 0.00000000 364.25077605 2-A-1 0.00000000 0.00000000 1.15973179 0.00000000 507.05511740 2-M-1 0.00000000 0.00000000 1.44411010 0.00000000 507.05511738 2-M-2 0.00000000 0.00000000 1.53520149 0.00000000 507.05511876 2-M-3 0.00000000 0.00000000 1.62629084 0.00000000 507.05511998 3-A-1 0.00000000 0.00000000 1.99612048 0.00000000 709.58181756 3-M-1 0.00000000 0.00000000 2.12696337 0.00000000 709.58181755 3-M-2 0.00000000 0.00000000 2.25172228 0.00000000 709.58181554 4-A-1 0.00000000 0.00000000 1.60424842 0.00000000 551.24316663 4-M-1 0.00000000 0.00000000 1.70940425 0.00000000 551.24316724 4-M-2 0.00000000 0.00000000 1.80967007 0.00000000 551.24316737 4-M-3 0.00000000 0.00000000 1.90993665 0.00000000 551.24316764 OT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 17,900,086.73 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 40,445.41 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 17,940,532.14 Withdrawals Reimbursement for Servicer Advances 172,822.69 Payment of Service Fee 104,114.58 Payment of Interest and Principal 17,663,594.87 Total Withdrawals (Pool Distribution Amount) 17,940,532.14 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 104,114.58 Indenture Trustee Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 104,114.58
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 7 1 0 8 1,601,667.17 161,332.30 0.00 1,762,999.47 30 Days 7 0 0 0 7 1,768,844.87 0.00 0.00 0.00 1,768,844.87 60 Days 2 1 0 0 3 1,155,272.83 191,285.40 0.00 0.00 1,346,558.23 90 Days 2 0 0 0 2 350,920.02 0.00 0.00 0.00 350,920.02 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 3 0 0 4 139,134.54 438,311.61 0.00 0.00 577,446.15 180+ Days 3 0 10 0 13 296,507.67 0.00 2,614,042.28 0.00 2,910,549.95 Totals 15 11 11 0 37 3,710,679.93 2,231,264.18 2,775,374.58 0.00 8,717,318.69 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 0.557769% 0.079681% 0.000000% 0.637450% 0.505295% 0.050897% 0.000000% 0.556193% 30 Days 0.557769% 0.000000% 0.000000% 0.000000% 0.557769% 0.558037% 0.000000% 0.000000% 0.000000% 0.558037% 60 Days 0.159363% 0.079681% 0.000000% 0.000000% 0.239044% 0.364467% 0.060347% 0.000000% 0.000000% 0.424813% 90 Days 0.159363% 0.000000% 0.000000% 0.000000% 0.159363% 0.110709% 0.000000% 0.000000% 0.000000% 0.110709% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.079681% 0.239044% 0.000000% 0.000000% 0.318725% 0.043894% 0.138279% 0.000000% 0.000000% 0.182173% 180+ Days 0.239044% 0.000000% 0.796813% 0.000000% 1.035857% 0.093543% 0.000000% 0.824681% 0.000000% 0.918223% Totals 1.195219% 0.876494% 0.876494% 0.000000% 2.948207% 1.170649% 0.703921% 0.875578% 0.000000% 2.750148%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 1 0 3 550,069.98 161,332.30 0.00 711,402.28 30 Days 1 0 0 0 1 243,238.64 0.00 0.00 0.00 243,238.64 60 Days 1 0 0 0 1 1,064,500.00 0.00 0.00 0.00 1,064,500.00 90 Days 1 0 0 0 1 162,700.00 0.00 0.00 0.00 162,700.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 2 0 0 2 0.00 262,697.79 0.00 0.00 262,697.79 180+ Days 1 0 8 0 9 104,204.65 0.00 2,316,488.65 0.00 2,420,693.30 Totals 4 4 9 0 17 1,574,643.29 812,767.77 2,477,820.95 0.00 4,865,232.01 0-29 Days 0.560224% 0.280112% 0.000000% 0.840336% 0.632668% 0.185558% 0.000000% 0.818225% 30 Days 0.280112% 0.000000% 0.000000% 0.000000% 0.280112% 0.279763% 0.000000% 0.000000% 0.000000% 0.279763% 60 Days 0.280112% 0.000000% 0.000000% 0.000000% 0.280112% 1.224344% 0.000000% 0.000000% 0.000000% 1.224344% 90 Days 0.280112% 0.000000% 0.000000% 0.000000% 0.280112% 0.187131% 0.000000% 0.000000% 0.000000% 0.187131% 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% 0.560224% 0.000000% 0.000000% 0.560224% 0.000000% 0.302144% 0.000000% 0.000000% 0.302144% 180+ Days 0.280112% 0.000000% 2.240896% 0.000000% 2.521008% 0.119852% 0.000000% 2.664329% 0.000000% 2.784181% Totals 1.120448% 1.120448% 2.521008% 0.000000% 4.761905% 1.811089% 0.934812% 2.849887% 0.000000% 5.595788% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 414,446.70 0.00 0.00 414,446.70 30 Days 4 0 0 0 4 676,859.90 0.00 0.00 0.00 676,859.90 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 1 1 0 0 2 139,134.54 175,613.82 0.00 0.00 314,748.36 180+ Days 0 0 1 0 1 0.00 0.00 80,586.73 0.00 80,586.73 Totals 5 3 1 0 9 815,994.44 590,060.52 80,586.73 0.00 1,486,641.69 0-29 Days 0.760456% 0.000000% 0.000000% 0.760456% 0.704714% 0.000000% 0.000000% 0.704714% 30 Days 1.520913% 0.000000% 0.000000% 0.000000% 1.520913% 1.150914% 0.000000% 0.000000% 0.000000% 1.150914% 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 0.380228% 0.380228% 0.000000% 0.000000% 0.760456% 0.236580% 0.298609% 0.000000% 0.000000% 0.535189% 180+ Days 0.000000% 0.000000% 0.380228% 0.000000% 0.380228% 0.000000% 0.000000% 0.137027% 0.000000% 0.137027% Totals 1.901141% 1.140684% 0.380228% 0.000000% 3.422053% 1.387494% 1.003322% 0.137027% 0.000000% 2.527844% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 516,109.76 0.00 0.00 516,109.76 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 2 0 0 2 0.00 516,109.76 0.00 0.00 516,109.76 0-29 Days 0.607903% 0.000000% 0.000000% 0.607903% 0.451220% 0.000000% 0.000000% 0.451220% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.607903% 0.000000% 0.000000% 0.607903% 0.000000% 0.451220% 0.000000% 0.000000% 0.451220% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 121,040.73 0.00 0.00 121,040.73 30 Days 2 0 0 0 2 848,746.33 0.00 0.00 0.00 848,746.33 60 Days 1 1 0 0 2 90,772.83 191,285.40 0.00 0.00 282,058.23 90 Days 1 0 0 0 1 188,220.02 0.00 0.00 0.00 188,220.02 120 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 2 0 1 0 3 192,303.02 0.00 216,966.90 0.00 409,269.92 Totals 6 2 1 0 9 1,320,042.20 312,326.13 216,966.90 0.00 1,849,335.23 0-29 Days 0.326797% 0.000000% 0.000000% 0.326797% 0.212949% 0.000000% 0.000000% 0.212949% 30 Days 0.653595% 0.000000% 0.000000% 0.000000% 0.653595% 1.493216% 0.000000% 0.000000% 0.000000% 1.493216% 60 Days 0.326797% 0.326797% 0.000000% 0.000000% 0.653595% 0.159698% 0.336532% 0.000000% 0.000000% 0.496231% 90 Days 0.326797% 0.000000% 0.000000% 0.000000% 0.326797% 0.331139% 0.000000% 0.000000% 0.000000% 0.331139% 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 0.653595% 0.000000% 0.326797% 0.000000% 0.980392% 0.338323% 0.000000% 0.381714% 0.000000% 0.720037% Totals 1.960784% 0.653595% 0.326797% 0.000000% 2.941176% 2.322377% 0.549482% 0.381714% 0.000000% 3.253572%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 40,445.41
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group IV 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 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 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 Loans in Foreclosure 1 Sep-04 0.261% Original Principal Balance 164,000.00 Oct-04 0.411% Current Principal Balance 161,332.30 Nov-04 0.530% Dec-04 0.823% Current Foreclosure Total Jan-05 0.932% Loans in Foreclosure 11 Feb-05 1.085% Original Principal Balance 2,787,650.00 Mar-05 1.225% Current Principal Balance 2,775,374.58 Apr-05 1.515% May-05 0.833% Jun-05 0.853% Jul-05 0.926% Aug-05 0.876% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Sep-04 0.674% Original Principal Balance 164,000.00 Oct-04 1.047% Current Principal Balance 161,332.30 Nov-04 1.241% Dec-04 1.655% Current Foreclosure Total Jan-05 1.775% Loans in Foreclosure 9 Feb-05 1.817% Original Principal Balance 2,488,850.00 Mar-05 2.471% Current Principal Balance 2,477,820.95 Apr-05 0.406% May-05 2.343% Jun-05 2.585% Jul-05 2.987% Aug-05 2.850% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.081% Original Principal Balance 0.00 Oct-04 0.170% Current Principal Balance 0.00 Nov-04 0.177% Dec-04 0.762% Current Foreclosure Total Jan-05 1.141% Loans in Foreclosure 1 Feb-05 1.974% Original Principal Balance 81,000.00 Mar-05 1.562% Current Principal Balance 80,586.73 Apr-05 1.982% May-05 0.117% Jun-05 0.126% Jul-05 0.130% Aug-05 0.137% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 2.213% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group IV 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.312% Dec-04 0.579% Current Foreclosure Total Jan-05 0.641% Loans in Foreclosure 1 Feb-05 0.675% Original Principal Balance 217,800.00 Mar-05 0.703% Current Principal Balance 216,966.90 Apr-05 1.802% May-05 0.486% Jun-05 0.335% Jul-05 0.359% Aug-05 0.382% *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 Group I 0000464907 Aug-2005 01-Mar-2004 OR 80.00 164,000.00 Group I 0000471792 Mar-2005 01-Feb-2004 NC 95.00 251,750.00 Group I 0000475507 May-2005 01-Mar-2004 NC 80.00 90,600.00 Group I 0000475829 May-2005 01-Mar-2004 IL 80.00 240,000.00 Group I 0000486380 Jul-2005 01-Apr-2004 MD 95.00 133,000.00 Group I 0000500986 May-2005 01-Apr-2004 IL 97.00 291,000.00 Group I 0000504460 May-2005 01-Apr-2004 FL 95.00 332,500.00 Group I 0000508762 May-2005 01-May-2004 NY 87.04 500,000.00 Group I 0000522230 May-2005 01-May-2004 NY 90.00 486,000.00 Group II 0000437803 May-2005 01-Jan-2004 OH 90.00 81,000.00 Group IV 0000497243 May-2005 01-May-2004 IL 90.00 217,800.00
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 Group I 0000464907 161,332.30 01-Jul-2005 0 6.500% 1,647.76 Group I 0000471792 251,259.38 01-Mar-2004 15 6.125% 20,227.74 Group I 0000475507 89,760.74 01-Dec-2004 6 6.500% 3,652.74 Group I 0000475829 239,772.28 01-Mar-2004 15 6.250% 19,724.67 Group I 0000486380 132,662.86 01-Jun-2004 12 6.875% 10,002.91 Group I 0000500986 288,585.46 01-Nov-2004 7 5.875% 11,852.67 Group I 0000504460 330,536.05 01-Sep-2004 9 6.125% 17,332.84 Group I 0000508762 498,953.44 01-Jun-2004 12 5.750% 31,069.53 Group I 0000522230 484,958.44 01-Jun-2004 12 5.625% 29,490.93 Group II 0000437803 80,586.73 01-Jun-2004 12 7.875% 7,017.21 Group IV 0000497243 216,966.90 01-Aug-2004 10 6.250% 12,677.43
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.275922% Weighted Average Net Coupon 4.900922% Weighted Average Pass-Through Rate 4.900922% Weighted Average Maturity(Stepdown Calculation) 342 Beginning Scheduled Collateral Loan Count 1,320 Number Of Loans Paid In Full 65 Ending Scheduled Collateral Loan Count 1,255 Beginning Scheduled Collateral Balance 333,166,600.77 Ending Scheduled Collateral Balance 316,863,697.59 Ending Actual Collateral Balance at 29-Jul-2005 316,976,357.52 Monthly P&I Constant 1,734,797.98 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 316,863,697.59 Scheduled Principal 269,997.22 Unscheduled Principal 16,032,905.96
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.563641 5.175775 4.745632 Weighted Average Net Rate 5.188641 4.800775 4.370631 Weighted Average Maturity 342 342 341 Beginning Loan Count 380 275 338 Loans Paid In Full 23 12 9 Ending Loan Count 357 263 329 Beginning Scheduled Balance 93,375,486.25 61,743,913.51 117,632,080.95 Ending Scheduled Balance 87,026,697.76 58,743,541.45 114,319,603.69 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 479,097.23 345,563.67 545,351.10 Scheduled Principal 46,174.19 79,253.15 80,152.34 Unscheduled Principal 6,302,614.30 2,921,118.91 3,232,324.92 Scheduled Interest 432,923.04 266,310.52 465,198.76 Servicing Fees 29,179.84 19,294.98 36,760.03 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 403,743.20 247,015.54 428,438.73 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.188641 4.800775 4.370632 Group I Group II Group III Required Overcollateralization Amount 0.00 0.00 0.00 Overcollateralization Increase Amount 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Specified Overcollateralization Amount 1,184,263.83 576,460.12 803,897.64 Overcollateralization Amount 1,184,263.83 576,460.12 803,897.64 Overcollateralization Deficiency Amount 0.00 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 0.00 Excess Cash Amount 92,597.68 109,303.51 107,545.07
Group Level Collateral Statement Group Group IV Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.966091 5.275922 Weighted Average Net Rate 5.591091 4.900922 Weighted Average Maturity 343 342 Beginning Loan Count 327 1,320 Loans Paid In Full 21 65 Ending Loan Count 306 1,255 Beginning Scheduled Balance 60,415,120.06 333,166,600.77 Ending scheduled Balance 56,773,854.69 316,863,697.59 Record Date 07/29/2005 07/29/2005 Principal And Interest Constant 364,785.98 1,734,797.98 Scheduled Principal 64,417.54 269,997.22 Unscheduled Principal 3,576,847.83 16,032,905.96 Scheduled Interest 300,368.44 1,464,800.76 Servicing Fees 18,879.73 104,114.58 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 281,488.71 1,360,686.18 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.591091 4.900922 Group IV Total Required Overcollateralization Amount 0.00 0.00 Overcollateralization Increase Amount 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 Specified Overcollateralization Amount 512,874.62 3,077,496.21 Overcollateralization Amount 512,874.62 3,077,496.21 Overcollateralization Deficiency Amount 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 Excess Cash Amount 115,958.36 425,404.62
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 Group I 23 6,430,139.00 6,287,301.85 0 0.00 0.00 Group II 12 2,946,049.00 2,885,085.60 0 0.00 0.00 Group III 9 3,239,520.00 3,206,777.24 0 0.00 0.00 Group IV 21 3,628,200.00 3,568,998.15 0 0.00 0.00 Total 65 16,243,908.00 15,948,162.84 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 Group I 0 0.00 0.00 0 0.00 0.00 15,312.45 Group II 0 0.00 0.00 0 0.00 0.00 36,033.31 Group III 0 0.00 0.00 0 0.00 0.00 25,547.68 Group IV 0 0.00 0.00 0 0.00 0.00 8,157.15 Total 0 0.00 0.00 0 0.00 0.00 85,050.59
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I 0000428530 CA 80.00 01-Feb-2004 780,000.00 771,253.64 Group I 0000448216 AZ 75.58 01-Jan-2004 264,500.00 257,530.30 Group I 0000453363 IL 64.87 01-Feb-2004 240,000.00 235,600.55 Group I 0000461605 CA 80.00 01-Feb-2004 198,000.00 198,000.00 Group I 0000465083 NC 79.08 01-Feb-2004 297,974.00 295,806.57 Group I 0000469180 WA 73.80 01-Mar-2004 186,000.00 184,967.45 Group I 0000473749 NH 42.77 01-Apr-2004 100,500.00 98,461.50 Group I 0000478239 CO 80.00 01-Apr-2004 245,600.00 241,346.53 Group I 0000478617 AZ 95.00 01-Apr-2004 183,250.00 180,075.16 Group I 0000479469 AZ 78.58 01-Mar-2004 220,000.00 215,948.09 Group I 0000484022 NV 66.66 01-Mar-2004 700,000.00 699,970.99 Group I 0000494183 IL 80.00 01-Apr-2004 128,000.00 127,650.00 Group I 0000495793 IL 90.00 01-May-2004 67,500.00 66,429.81 Group I 0000496665 FL 80.00 01-May-2004 205,600.00 205,600.00 Group I 0000499485 IL 80.00 01-May-2004 154,400.00 151,956.15 Group I 0000501846 CA 80.00 01-May-2004 428,000.00 426,097.64 Group I 0000502146 VA 95.00 01-Apr-2004 376,295.00 369,925.93 Group I 0000506074 FL 80.00 01-Apr-2004 216,000.00 212,972.69 Group I 0000509363 NY 90.00 01-May-2004 477,000.00 469,273.94 Group I 0000511983 FL 90.00 01-May-2004 391,500.00 384,553.71 Group I 0005152195 PA 73.05 01-Aug-2003 143,000.00 73,767.46 Group I 0005328225 TN 80.00 01-Jan-2004 189,520.00 186,082.41 Group I 0005347465 MD 95.00 01-Mar-2004 237,500.00 234,031.33 Group II 0000395090 IL 77.50 01-Jan-2004 775,000.00 754,940.80 Group II 0000463592 WA 91.19 01-Mar-2004 138,600.00 135,863.01 Group II 0000469442 CA 80.00 01-Feb-2004 460,000.00 452,160.03 Group II 0000473723 AZ 80.00 01-Mar-2004 168,000.00 163,815.59 Group II 0000480110 NV 80.00 01-Apr-2004 126,400.00 124,357.30 Group II 0000485903 AZ 80.00 01-Apr-2004 184,290.00 180,484.28 Group II 0000487948 MD 95.00 01-Apr-2004 242,960.00 238,941.52 Group II 0000490385 NV 84.98 01-Mar-2004 108,550.00 106,593.12 Group II 0000498119 MO 83.77 01-Apr-2004 222,000.00 216,974.07 Group II 0000507375 IL 80.00 01-Apr-2004 160,000.00 156,754.56 Group II 0000508172 NC 94.94 01-Apr-2004 185,149.00 181,663.34 Group II 0005321358 NY 85.00 01-Feb-2004 175,100.00 172,537.98 Group III 0000413744 VA 75.93 01-Nov-2003 322,700.00 321,368.48 Group III 0000419628 MD 84.38 01-Dec-2003 347,650.00 347,650.00 Group III 0000422870 CA 66.12 01-Dec-2003 322,700.00 322,700.00 Group III 0000434512 GA 90.00 01-Jan-2004 73,350.00 73,350.00 Group III 0000447925 MD 68.97 01-Feb-2004 1,000,000.00 977,588.76 Group III 0000454035 CA 80.00 01-Jan-2004 387,200.00 386,533.02 Group III 0000506729 VA 80.00 01-May-2004 155,920.00 155,919.07 Group III 0000511933 WA 80.00 01-May-2004 420,000.00 411,667.91 Group III 0000515572 IL 46.47 01-May-2004 210,000.00 210,000.00 Group IV 0000451054 AZ 80.00 01-Feb-2004 100,000.00 98,590.85 Group IV 0000453507 NY 78.66 01-Feb-2004 129,000.00 126,312.91 Group IV 0000470876 CA 80.00 01-Feb-2004 232,000.00 228,227.33 Group IV 0000471137 MD 95.00 01-Apr-2004 190,000.00 187,333.40 Group IV 0000472389 AZ 95.00 01-Mar-2004 207,100.00 203,327.93 Group IV 0000480586 MD 77.77 01-Apr-2004 140,000.00 138,084.99 Group IV 0000485327 FL 80.00 01-Apr-2004 185,600.00 182,803.54 Group IV 0000489711 AZ 79.59 01-Apr-2004 195,000.00 191,693.52 Group IV 0000490865 CA 74.08 01-Apr-2004 300,000.00 294,374.22 Group IV 0000491071 IL 70.00 01-Apr-2004 245,000.00 241,131.60 Group IV 0000492803 IL 74.83 01-Apr-2004 232,000.00 227,794.30 Group IV 0000493651 MD 95.00 01-Apr-2004 160,550.00 158,242.59 Group IV 0000493954 AZ 80.00 01-Apr-2004 179,200.00 175,951.42 Group IV 0000496290 FL 42.56 01-Apr-2004 100,000.00 98,307.39 Group IV 0000496761 AZ 90.00 01-Apr-2004 152,100.00 149,637.74 Group IV 0000499155 PA 89.44 01-May-2004 144,900.00 142,607.19 Group IV 0000502381 CA 29.04 01-May-2004 115,000.00 113,380.02 Group IV 0000503909 FL 94.98 01-Apr-2004 152,500.00 149,855.79 Group IV 0000507094 IL 90.00 01-May-2004 139,500.00 137,488.15 Group IV 0000507915 CA 75.00 01-May-2004 153,750.00 151,584.24 Group IV 0000513296 NV 74.47 01-May-2004 175,000.00 171,961.56
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I 0000428530 Loan Paid in Full 0 5.625% 360 18 Group I 0000448216 Loan Paid in Full 0 6.125% 360 19 Group I 0000453363 Loan Paid in Full 0 5.875% 360 18 Group I 0000461605 Loan Paid in Full (1) 5.625% 360 18 Group I 0000465083 Loan Paid in Full 0 5.875% 360 18 Group I 0000469180 Loan Paid in Full (1) 6.000% 360 17 Group I 0000473749 Loan Paid in Full (1) 4.875% 360 16 Group I 0000478239 Loan Paid in Full 6 5.750% 360 16 Group I 0000478617 Loan Paid in Full 0 5.750% 360 16 Group I 0000479469 Loan Paid in Full 0 5.875% 360 17 Group I 0000484022 Loan Paid in Full 0 5.375% 360 17 Group I 0000494183 Loan Paid in Full 0 5.375% 360 16 Group I 0000495793 Loan Paid in Full (1) 5.875% 360 15 Group I 0000496665 Loan Paid in Full 0 5.500% 360 15 Group I 0000499485 Loan Paid in Full 0 5.875% 360 15 Group I 0000501846 Loan Paid in Full (1) 4.875% 360 15 Group I 0000502146 Loan Paid in Full 0 5.875% 360 16 Group I 0000506074 Loan Paid in Full 0 5.750% 360 16 Group I 0000509363 Loan Paid in Full 9 5.750% 360 15 Group I 0000511983 Loan Paid in Full 1 5.250% 360 15 Group I 0005152195 Loan Paid in Full 0 6.250% 360 24 Group I 0005328225 Loan Paid in Full 0 6.250% 360 19 Group I 0005347465 Loan Paid in Full (1) 7.000% 360 17 Group II 0000395090 Loan Paid in Full 0 4.500% 360 19 Group II 0000463592 Loan Paid in Full 0 5.375% 360 17 Group II 0000469442 Loan Paid in Full 0 6.500% 360 18 Group II 0000473723 Loan Paid in Full 0 5.000% 360 17 Group II 0000480110 Loan Paid in Full 0 6.125% 360 16 Group II 0000485903 Loan Paid in Full (1) 4.875% 360 16 Group II 0000487948 Loan Paid in Full 0 6.000% 360 16 Group II 0000490385 Loan Paid in Full 0 5.875% 360 17 Group II 0000498119 Loan Paid in Full 0 4.250% 360 16 Group II 0000507375 Loan Paid in Full 0 4.875% 360 16 Group II 0000508172 Loan Paid in Full 0 5.375% 360 16 Group II 0005321358 Loan Paid in Full 1 7.500% 360 18 Group III 0000413744 Loan Paid in Full 0 5.000% 360 21 Group III 0000419628 Loan Paid in Full 0 5.125% 480 20 Group III 0000422870 Loan Paid in Full 0 5.625% 360 20 Group III 0000434512 Loan Paid in Full 0 4.500% 360 19 Group III 0000447925 Loan Paid in Full 0 5.000% 360 18 Group III 0000454035 Loan Paid in Full 0 5.125% 360 19 Group III 0000506729 Loan Paid in Full 0 5.000% 360 15 Group III 0000511933 Loan Paid in Full 0 4.625% 360 15 Group III 0000515572 Loan Paid in Full (1) 4.875% 360 15 Group IV 0000451054 Loan Paid in Full 0 7.500% 360 18 Group IV 0000453507 Loan Paid in Full 0 6.125% 360 18 Group IV 0000470876 Loan Paid in Full 0 6.750% 360 18 Group IV 0000471137 Loan Paid in Full 0 6.875% 360 16 Group IV 0000472389 Loan Paid in Full 0 6.125% 360 17 Group IV 0000480586 Loan Paid in Full 0 7.250% 360 16 Group IV 0000485327 Loan Paid in Full 0 6.500% 360 16 Group IV 0000489711 Loan Paid in Full 0 5.875% 360 16 Group IV 0000490865 Loan Paid in Full 0 5.625% 360 16 Group IV 0000491071 Loan Paid in Full 0 6.250% 360 16 Group IV 0000492803 Loan Paid in Full 0 5.500% 360 16 Group IV 0000493651 Loan Paid in Full 0 6.750% 360 16 Group IV 0000493954 Loan Paid in Full 0 5.500% 360 16 Group IV 0000496290 Loan Paid in Full 0 5.875% 360 16 Group IV 0000496761 Loan Paid in Full (1) 6.250% 360 16 Group IV 0000499155 Loan Paid in Full 0 6.250% 360 15 Group IV 0000502381 Loan Paid in Full 0 6.500% 360 15 Group IV 0000503909 Loan Paid in Full 0 5.750% 360 16 Group IV 0000507094 Loan Paid in Full 0 6.375% 360 15 Group IV 0000507915 Loan Paid in Full 0 6.500% 360 15 Group IV 0000513296 Loan Paid in Full (1) 5.375% 360 15
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 4.816% Current Month 44.696% Current Month 1,307.843% 3 Month Average 5.499% 3 Month Average 49.186% 3 Month Average 1,538.468% 12 Month Average 5.791% 12 Month Average 41.485% 12 Month Average 2,005.784% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 30.377% N/A Sep-2004 2,981.387% N/A Oct-2004 29.848% N/A Oct-2004 2,438.506% N/A Nov-2004 40.495% N/A Nov-2004 2,773.403% N/A Dec-2004 39.033% N/A Dec-2004 2,280.814% N/A Jan-2005 45.408% N/A Jan-2005 2,271.100% N/A Feb-2005 38.544% N/A Feb-2005 1,751.352% N/A Mar-2005 38.366% 31.237% Mar-2005 1,681.307% 3,575.612% Apr-2005 47.377% 34.279% Apr-2005 1,820.745% 3,121.527% May-2005 40.818% 36.180% May-2005 1,455.394% 2,749.982% Jun-2005 51.673% 38.447% Jun-2005 1,716.098% 2,456.080% Jul-2005 51.190% 40.066% Jul-2005 1,591.463% 2,176.533% Aug-2005 44.696% 41.485% Aug-2005 1,307.843% 2,005.784% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I SMM CPR PSA Current Month 6.753% Current Month 56.787% Current Month 1,667.879% 3 Month Average 9.147% 3 Month Average 67.473% 3 Month Average 2,124.000% 12 Month Average 9.058% 12 Month Average 55.467% 12 Month Average 2,723.244% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 38.671% N/A Sep-2004 4,109.370% N/A Oct-2004 35.255% N/A Oct-2004 3,088.346% N/A Nov-2004 51.609% N/A Nov-2004 3,718.855% N/A Dec-2004 50.045% N/A Dec-2004 3,021.197% N/A Jan-2005 56.565% N/A Jan-2005 2,863.960% N/A Feb-2005 54.096% N/A Feb-2005 2,487.291% N/A Mar-2005 48.796% 39.934% Mar-2005 2,224.972% 4,755.792% Apr-2005 63.612% 44.615% Apr-2005 2,469.189% 4,435.100% May-2005 64.542% 48.169% May-2005 2,323.740% 3,920.063% Jun-2005 69.285% 51.300% Jun-2005 2,318.856% 3,462.765% Jul-2005 76.346% 53.908% Jul-2005 2,385.266% 3,007.311% Aug-2005 56.787% 55.467% Aug-2005 1,667.879% 2,723.244% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II SMM CPR PSA Current Month 4.737% Current Month 44.142% Current Month 1,286.720% 3 Month Average 5.083% 3 Month Average 45.726% 3 Month Average 1,428.479% 12 Month Average 5.457% 12 Month Average 39.637% 12 Month Average 1,938.329% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 32.925% N/A Sep-2004 3,177.009% N/A Oct-2004 32.705% N/A Oct-2004 2,624.072% N/A Nov-2004 35.704% N/A Nov-2004 2,420.500% N/A Dec-2004 37.758% N/A Dec-2004 2,190.447% N/A Jan-2005 46.909% N/A Jan-2005 2,326.283% N/A Feb-2005 46.361% N/A Feb-2005 2,085.225% N/A Mar-2005 36.477% 34.024% Mar-2005 1,569.959% 4,192.486% Apr-2005 40.839% 35.769% Apr-2005 1,560.195% 3,278.653% May-2005 28.790% 36.713% May-2005 1,020.825% 2,894.267% Jun-2005 58.117% 39.514% Jun-2005 1,918.476% 2,618.531% Jul-2005 34.919% 39.491% Jul-2005 1,080.242% 2,252.559% Aug-2005 44.142% 39.637% Aug-2005 1,286.720% 1,938.329% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group III SMM CPR PSA Current Month 2.750% Current Month 28.437% Current Month 812.071% 3 Month Average 2.310% 3 Month Average 24.404% 3 Month Average 737.225% 12 Month Average 2.816% 12 Month Average 23.480% 12 Month Average 1,076.717% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 12.069% N/A Sep-2004 1,031.286% N/A Oct-2004 18.125% N/A Oct-2004 1,320.190% N/A Nov-2004 32.849% N/A Nov-2004 2,042.312% N/A Dec-2004 30.729% N/A Dec-2004 1,658.009% N/A Jan-2005 24.893% N/A Jan-2005 1,186.680% N/A Feb-2005 11.734% N/A Feb-2005 511.136% N/A Mar-2005 26.226% 18.390% Mar-2005 1,084.475% 1,860.372% Apr-2005 34.259% 20.392% Apr-2005 1,267.204% 1,629.316% May-2005 17.659% 20.274% May-2005 607.635% 1,310.916% Jun-2005 23.157% 20.523% Jun-2005 745.534% 1,099.861% Jul-2005 21.618% 21.401% Jul-2005 654.072% 1,038.781% Aug-2005 28.437% 23.480% Aug-2005 812.071% 1,076.717% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group IV SMM CPR PSA Current Month 5.927% Current Month 51.961% Current Month 1,596.813% 3 Month Average 5.844% 3 Month Average 51.426% 3 Month Average 1,687.030% 12 Month Average 5.601% 12 Month Average 39.214% 12 Month Average 2,042.186% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 34.790% N/A Sep-2004 3,780.038% N/A Oct-2004 32.566% N/A Oct-2004 2,882.643% N/A Nov-2004 30.808% N/A Nov-2004 2,283.428% N/A Dec-2004 27.625% N/A Dec-2004 1,753.806% N/A Jan-2005 48.112% N/A Jan-2005 2,582.014% N/A Feb-2005 33.264% N/A Feb-2005 1,612.220% N/A Mar-2005 37.992% 26.261% Mar-2005 1,753.513% 4,010.886% Apr-2005 37.868% 28.667% Apr-2005 1,543.182% 2,645.046% May-2005 33.267% 30.851% May-2005 1,254.299% 2,468.364% Jun-2005 49.182% 33.869% Jun-2005 1,723.384% 2,322.098% Jul-2005 53.134% 36.403% Jul-2005 1,740.894% 2,119.710% Aug-2005 51.961% 39.214% Aug-2005 1,596.813% 2,042.186% *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. 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))
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 Group I 0 0.00 0.00 0.000% Group II 0 0.00 0.00 0.000% Group III 0 0.00 0.00 0.000% Group IV 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term 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) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *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 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I MDR SDA 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *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 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II MDR SDA 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *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 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group III MDR SDA 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *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 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group IV MDR SDA 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *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 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. Sep-2004 0.000% N/A Sep-2004 0.000% N/A Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% *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. 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)
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