8-K 1 ahm04001_10509.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): September 26, 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 September 26, 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 September 26, 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: 9/27/2005 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 September 26, 2005 distribution. EX-99.1
AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Record Date: 8/31/2005 Distribution Date: 9/26/2005 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 3.99125% 73,979,696.79 262,463.52 I-M-1 02660TAF0 MEZ 4.24125% 4,960,731.31 18,701.96 I-M-2 02660TAG8 MEZ 4.89125% 4,313,457.69 18,671.56 I-M-3 02660TAH6 MEZ 5.64125% 2,588,548.14 11,204.99 2-A-1 02660TAJ2 SEN 2.61000% 51,005,688.37 110,937.37 2-M-1 02660TAK9 MEZ 3.25000% 4,384,505.60 11,874.70 2-M-2 02660TAL7 MEZ 3.45500% 1,899,935.53 5,470.23 2-M-3 02660TAM5 MEZ 3.66000% 876,951.83 2,674.70 3-A-1 02660TAN3 SEN 3.28000% 106,670,015.47 291,564.71 3-M-1 02660TAP8 MEZ 3.49500% 5,133,824.45 14,952.26 3-M-2 02660TAQ6 MEZ 3.70000% 1,711,866.13 5,278.25 4-A-1 02660TAR4 SEN 3.28000% 50,747,445.92 138,709.69 4-M-1 02660TAS2 MEZ 3.49500% 2,544,538.46 7,410.97 4-M-2 02660TAT0 MEZ 3.70000% 1,837,844.72 5,666.69 4-M-3 02660TAU7 MEZ 3.90500% 1,131,150.98 3,680.95 OT AHM0401OT OT 0.00000% 0.00 388,291.84 Totals 313,786,201.39 1,297,554.39
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A 7,150,281.39 0.00 66,829,415.40 7,412,744.91 0.00 I-M-1 479,464.32 0.00 4,481,267.00 498,166.28 0.00 I-M-2 416,904.06 0.00 3,896,553.62 435,575.62 0.00 I-M-3 250,188.21 0.00 2,338,359.93 261,393.20 0.00 2-A-1 1,373,740.92 0.00 49,631,947.45 1,484,678.29 0.00 2-M-1 118,088.29 0.00 4,266,417.31 129,962.99 0.00 2-M-2 51,171.14 0.00 1,848,764.39 56,641.37 0.00 2-M-3 23,619.02 0.00 853,332.80 26,293.72 0.00 3-A-1 3,436,640.95 0.00 103,233,374.52 3,728,205.66 0.00 3-M-1 165,398.98 0.00 4,968,425.47 180,351.24 0.00 3-M-2 55,152.04 0.00 1,656,714.09 60,430.29 0.00 4-A-1 2,774,366.47 0.00 47,973,079.45 2,913,076.16 0.00 4-M-1 139,110.10 0.00 2,405,428.36 146,521.07 0.00 4-M-2 100,475.10 0.00 1,737,369.62 106,141.79 0.00 4-M-3 61,840.10 0.00 1,069,310.87 65,521.05 0.00 OT 0.00 0.00 0.00 388,291.84 0.00 Totals 16,596,441.09 0.00 297,189,760.28 17,893,995.48 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 73,979,696.79 0.00 7,150,281.39 0.00 0.00 I-M-1 13,619,000.00 4,960,731.31 0.00 479,464.32 0.00 0.00 I-M-2 11,842,000.00 4,313,457.69 0.00 416,904.06 0.00 0.00 I-M-3 7,106,500.00 2,588,548.14 0.00 250,188.21 0.00 0.00 2-A-1 100,592,000.00 51,005,688.37 0.00 1,373,740.92 0.00 0.00 2-M-1 8,647,000.00 4,384,505.60 0.00 118,088.29 0.00 0.00 2-M-2 3,747,000.00 1,899,935.53 0.00 51,171.14 0.00 0.00 2-M-3 1,729,500.00 876,951.83 0.00 23,619.02 0.00 0.00 3-A-1 150,328,000.00 106,670,015.47 0.00 3,436,640.95 0.00 0.00 3-M-1 7,235,000.00 5,133,824.45 0.00 165,398.98 0.00 0.00 3-M-2 2,412,500.00 1,711,866.13 0.00 55,152.04 0.00 0.00 4-A-1 92,060,000.00 50,747,445.92 0.00 2,774,366.47 0.00 0.00 4-M-1 4,616,000.00 2,544,538.46 0.00 139,110.10 0.00 0.00 4-M-2 3,334,000.00 1,837,844.72 0.00 100,475.10 0.00 0.00 4-M-3 2,052,000.00 1,131,150.98 0.00 61,840.10 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 612,421,500.00 313,786,201.39 0.00 16,596,441.09 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 7,150,281.39 66,829,415.40 0.32904523 7,150,281.39 I-M-1 479,464.32 4,481,267.00 0.32904523 479,464.32 I-M-2 416,904.06 3,896,553.62 0.32904523 416,904.06 I-M-3 250,188.21 2,338,359.93 0.32904523 250,188.21 2-A-1 1,373,740.92 49,631,947.45 0.49339856 1,373,740.92 2-M-1 118,088.29 4,266,417.31 0.49339856 118,088.29 2-M-2 51,171.14 1,848,764.39 0.49339856 51,171.14 2-M-3 23,619.02 853,332.80 0.49339855 23,619.02 3-A-1 3,436,640.95 103,233,374.52 0.68672087 3,436,640.95 3-M-1 165,398.98 4,968,425.47 0.68672087 165,398.98 3-M-2 55,152.04 1,656,714.09 0.68672087 55,152.04 4-A-1 2,774,366.47 47,973,079.45 0.52110666 2,774,366.47 4-M-1 139,110.10 2,405,428.36 0.52110666 139,110.10 4-M-2 100,475.10 1,737,369.62 0.52110666 100,475.10 4-M-3 61,840.10 1,069,310.87 0.52110666 61,840.10 OT 0.00 0.00 0.00000000 0.00 Totals 16,596,441.09 297,189,760.28 0.48526997 16,596,441.09
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 203,101,000.00 364.25077567 0.00000000 35.20554498 0.00000000 I-M-1 13,619,000.00 364.25077539 0.00000000 35.20554519 0.00000000 I-M-2 11,842,000.00 364.25077605 0.00000000 35.20554467 0.00000000 I-M-3 7,106,500.00 364.25077605 0.00000000 35.20554563 0.00000000 2-A-1 100,592,000.00 507.05511740 0.00000000 13.65656235 0.00000000 2-M-1 8,647,000.00 507.05511738 0.00000000 13.65656181 0.00000000 2-M-2 3,747,000.00 507.05511876 0.00000000 13.65656258 0.00000000 2-M-3 1,729,500.00 507.05511998 0.00000000 13.65655970 0.00000000 3-A-1 150,328,000.00 709.58181756 0.00000000 22.86095039 0.00000000 3-M-1 7,235,000.00 709.58181755 0.00000000 22.86095093 0.00000000 3-M-2 2,412,500.00 709.58181554 0.00000000 22.86094922 0.00000000 4-A-1 92,060,000.00 551.24316663 0.00000000 30.13650304 0.00000000 4-M-1 4,616,000.00 551.24316724 0.00000000 30.13650347 0.00000000 4-M-2 3,334,000.00 551.24316737 0.00000000 30.13650270 0.00000000 4-M-3 2,052,000.00 551.24316764 0.00000000 30.13650097 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 35.20554498 329.04523070 0.32904523 35.20554498 I-M-1 0.00000000 35.20554519 329.04523093 0.32904523 35.20554519 I-M-2 0.00000000 35.20554467 329.04523054 0.32904523 35.20554467 I-M-3 0.00000000 35.20554563 329.04523042 0.32904523 35.20554563 2-A-1 0.00000000 13.65656235 493.39855505 0.49339856 13.65656235 2-M-1 0.00000000 13.65656181 493.39855557 0.49339856 13.65656181 2-M-2 0.00000000 13.65656258 493.39855618 0.49339856 13.65656258 2-M-3 0.00000000 13.65655970 493.39855450 0.49339855 13.65655970 3-A-1 0.00000000 22.86095039 686.72086717 0.68672087 22.86095039 3-M-1 0.00000000 22.86095093 686.72086662 0.68672087 22.86095093 3-M-2 0.00000000 22.86094922 686.72086632 0.68672087 22.86094922 4-A-1 0.00000000 30.13650304 521.10666359 0.52110666 30.13650304 4-M-1 0.00000000 30.13650347 521.10666378 0.52110666 30.13650347 4-M-2 0.00000000 30.13650270 521.10666467 0.52110666 30.13650270 4-M-3 0.00000000 30.13650097 521.10666179 0.52110666 30.13650097 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 3.99125% 73,979,696.79 262,463.52 0.00 0.00 I-M-1 13,619,000.00 4.24125% 4,960,731.31 18,701.96 0.00 0.00 I-M-2 11,842,000.00 4.89125% 4,313,457.69 18,753.96 0.00 0.00 I-M-3 7,106,500.00 5.64125% 2,588,548.14 12,980.13 0.00 0.00 2-A-1 100,592,000.00 2.61000% 51,005,688.37 110,937.37 0.00 0.00 2-M-1 8,647,000.00 3.25000% 4,384,505.60 11,874.70 0.00 0.00 2-M-2 3,747,000.00 3.45500% 1,899,935.53 5,470.23 0.00 0.00 2-M-3 1,729,500.00 3.66000% 876,951.83 2,674.70 0.00 0.00 3-A-1 150,328,000.00 3.28000% 106,670,015.47 291,564.71 0.00 0.00 3-M-1 7,235,000.00 3.49500% 5,133,824.45 14,952.26 0.00 0.00 3-M-2 2,412,500.00 3.70000% 1,711,866.13 5,278.25 0.00 0.00 4-A-1 92,060,000.00 3.28000% 50,747,445.92 138,709.69 0.00 0.00 4-M-1 4,616,000.00 3.49500% 2,544,538.46 7,410.97 0.00 0.00 4-M-2 3,334,000.00 3.70000% 1,837,844.72 5,666.69 0.00 0.00 4-M-3 2,052,000.00 3.90500% 1,131,150.98 3,680.95 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 612,421,500.00 911,120.09 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 0.00 262,463.52 0.00 66,829,415.40 I-M-1 0.00 0.00 18,701.96 0.00 4,481,267.00 I-M-2 0.00 0.00 18,671.56 0.00 3,896,553.62 I-M-3 0.00 0.00 11,204.99 0.00 2,338,359.93 2-A-1 0.00 0.00 110,937.37 0.00 49,631,947.45 2-M-1 0.00 0.00 11,874.70 0.00 4,266,417.31 2-M-2 0.00 0.00 5,470.23 0.00 1,848,764.39 2-M-3 0.00 0.00 2,674.70 0.00 853,332.80 3-A-1 0.00 0.00 291,564.71 0.00 103,233,374.52 3-M-1 0.00 0.00 14,952.26 0.00 4,968,425.47 3-M-2 0.00 0.00 5,278.25 0.00 1,656,714.09 4-A-1 0.00 0.00 138,709.69 0.00 47,973,079.45 4-M-1 0.00 0.00 7,410.97 0.00 2,405,428.36 4-M-2 0.00 0.00 5,666.69 0.00 1,737,369.62 4-M-3 0.00 0.00 3,680.95 0.00 1,069,310.87 OT 0.00 0.00 388,291.84 0.00 0.00 Totals 0.00 0.00 1,297,554.39 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 3.99125% 364.25077567 1.29228079 0.00000000 0.00000000 I-M-1 13,619,000.00 4.24125% 364.25077539 1.37322564 0.00000000 0.00000000 I-M-2 11,842,000.00 4.89125% 364.25077605 1.58368181 0.00000000 0.00000000 I-M-3 7,106,500.00 5.64125% 364.25077605 1.82651516 0.00000000 0.00000000 2-A-1 100,592,000.00 2.61000% 507.05511740 1.10284486 0.00000000 0.00000000 2-M-1 8,647,000.00 3.25000% 507.05511738 1.37327397 0.00000000 0.00000000 2-M-2 3,747,000.00 3.45500% 507.05511876 1.45989592 0.00000000 0.00000000 2-M-3 1,729,500.00 3.66000% 507.05511998 1.54651633 0.00000000 0.00000000 3-A-1 150,328,000.00 3.28000% 709.58181756 1.93952364 0.00000000 0.00000000 3-M-1 7,235,000.00 3.49500% 709.58181755 2.06665653 0.00000000 0.00000000 3-M-2 2,412,500.00 3.70000% 709.58181554 2.18787565 0.00000000 0.00000000 4-A-1 92,060,000.00 3.28000% 551.24316663 1.50673137 0.00000000 0.00000000 4-M-1 4,616,000.00 3.49500% 551.24316724 1.60549610 0.00000000 0.00000000 4-M-2 3,334,000.00 3.70000% 551.24316737 1.69966707 0.00000000 0.00000000 4-M-3 2,052,000.00 3.90500% 551.24316764 1.79383528 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 1.29228079 0.00000000 329.04523070 I-M-1 0.00000000 0.00000000 1.37322564 0.00000000 329.04523093 I-M-2 0.00000000 0.00000000 1.57672353 0.00000000 329.04523054 I-M-3 0.00000000 0.00000000 1.57672413 0.00000000 329.04523042 2-A-1 0.00000000 0.00000000 1.10284486 0.00000000 493.39855505 2-M-1 0.00000000 0.00000000 1.37327397 0.00000000 493.39855557 2-M-2 0.00000000 0.00000000 1.45989592 0.00000000 493.39855618 2-M-3 0.00000000 0.00000000 1.54651633 0.00000000 493.39855450 3-A-1 0.00000000 0.00000000 1.93952364 0.00000000 686.72086717 3-M-1 0.00000000 0.00000000 2.06665653 0.00000000 686.72086662 3-M-2 0.00000000 0.00000000 2.18787565 0.00000000 686.72086632 4-A-1 0.00000000 0.00000000 1.50673137 0.00000000 521.10666359 4-M-1 0.00000000 0.00000000 1.60549610 0.00000000 521.10666378 4-M-2 0.00000000 0.00000000 1.69966707 0.00000000 521.10666467 4-M-3 0.00000000 0.00000000 1.79383528 0.00000000 521.10666179 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 17,993,339.45 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 40,121.38 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,033,460.83 Withdrawals Reimbursement for Servicer Advances 40,445.41 Payment of Service Fee 99,019.92 Payment of Interest and Principal 17,893,995.50 Total Withdrawals (Pool Distribution Amount) 18,033,460.83 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 99,019.92 Indenture Trustee Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 99,019.92
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 6 0 0 6 1,135,403.23 0.00 0.00 1,135,403.23 30 Days 10 0 0 0 10 1,518,569.60 0.00 0.00 0.00 1,518,569.60 60 Days 0 0 2 0 2 0.00 0.00 868,598.52 0.00 868,598.52 90 Days 2 0 0 0 2 1,255,785.40 0.00 0.00 0.00 1,255,785.40 120 Days 1 0 1 0 2 188,220.02 0.00 162,700.00 0.00 350,920.02 150 Days 0 2 0 0 2 0.00 314,439.23 0.00 0.00 314,439.23 180+ Days 4 0 9 0 13 999,406.23 0.00 1,945,888.63 0.00 2,945,294.86 Totals 17 8 12 0 37 3,961,981.25 1,449,842.46 2,977,187.15 0.00 8,389,010.86 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 0.503356% 0.000000% 0.000000% 0.503356% 0.377804% 0.000000% 0.000000% 0.377804% 30 Days 0.838926% 0.000000% 0.000000% 0.000000% 0.838926% 0.505302% 0.000000% 0.000000% 0.000000% 0.505302% 60 Days 0.000000% 0.000000% 0.167785% 0.000000% 0.167785% 0.000000% 0.000000% 0.289025% 0.000000% 0.289025% 90 Days 0.167785% 0.000000% 0.000000% 0.000000% 0.167785% 0.417861% 0.000000% 0.000000% 0.000000% 0.417861% 120 Days 0.083893% 0.000000% 0.083893% 0.000000% 0.167785% 0.062630% 0.000000% 0.054138% 0.000000% 0.116768% 150 Days 0.000000% 0.167785% 0.000000% 0.000000% 0.167785% 0.000000% 0.104629% 0.000000% 0.000000% 0.104629% 180+ Days 0.335570% 0.000000% 0.755034% 0.000000% 1.090604% 0.332551% 0.000000% 0.647492% 0.000000% 0.980043% Totals 1.426174% 0.671141% 1.006711% 0.000000% 3.104027% 1.318343% 0.482433% 0.990655% 0.000000% 2.791431%
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 1 0 0 1 273,691.69 0.00 0.00 273,691.69 30 Days 2 0 0 0 2 336,986.87 0.00 0.00 0.00 336,986.87 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 1,064,500.00 0.00 0.00 0.00 1,064,500.00 120 Days 0 0 1 0 1 0.00 0.00 162,700.00 0.00 162,700.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 4 0 6 0 10 999,406.23 0.00 1,580,270.83 0.00 2,579,677.06 Totals 7 1 7 0 15 2,400,893.10 273,691.69 1,742,970.83 0.00 4,417,555.62 0-29 Days 0.304878% 0.000000% 0.000000% 0.304878% 0.347315% 0.000000% 0.000000% 0.347315% 30 Days 0.609756% 0.000000% 0.000000% 0.000000% 0.609756% 0.427637% 0.000000% 0.000000% 0.000000% 0.427637% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.304878% 0.000000% 0.000000% 0.000000% 0.304878% 1.350853% 0.000000% 0.000000% 0.000000% 1.350853% 120 Days 0.000000% 0.000000% 0.304878% 0.000000% 0.304878% 0.000000% 0.000000% 0.206467% 0.000000% 0.206467% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 1.219512% 0.000000% 1.829268% 0.000000% 3.048780% 1.268249% 0.000000% 2.005368% 0.000000% 3.273617% Totals 2.134146% 0.304878% 2.134146% 0.000000% 4.573171% 3.046740% 0.347315% 2.211835% 0.000000% 5.605890% 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 2 413,518.73 0.00 0.00 413,518.73 30 Days 3 0 0 0 3 377,629.34 0.00 0.00 0.00 377,629.34 60 Days 0 0 1 0 1 0.00 0.00 253,376.92 0.00 253,376.92 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 2 0 0 2 0.00 314,439.23 0.00 0.00 314,439.23 180+ Days 0 0 1 0 1 0.00 0.00 80,586.73 0.00 80,586.73 Totals 3 4 2 0 9 377,629.34 727,957.96 333,963.65 0.00 1,439,550.95 0-29 Days 0.784314% 0.000000% 0.000000% 0.784314% 0.722358% 0.000000% 0.000000% 0.722358% 30 Days 1.176471% 0.000000% 0.000000% 0.000000% 1.176471% 0.659665% 0.000000% 0.000000% 0.000000% 0.659665% 60 Days 0.000000% 0.000000% 0.392157% 0.000000% 0.392157% 0.000000% 0.000000% 0.442613% 0.000000% 0.442613% 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% 0.784314% 0.000000% 0.000000% 0.784314% 0.000000% 0.549281% 0.000000% 0.000000% 0.549281% 180+ Days 0.000000% 0.000000% 0.392157% 0.000000% 0.392157% 0.000000% 0.000000% 0.140774% 0.000000% 0.140774% Totals 1.176471% 1.568627% 0.784314% 0.000000% 3.529412% 0.659665% 1.271639% 0.583387% 0.000000% 2.514691% 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 1 0 0 1 214,876.39 0.00 0.00 214,876.39 30 Days 1 0 0 0 1 94,379.24 0.00 0.00 0.00 94,379.24 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 1 1 0 0 2 94,379.24 214,876.39 0.00 0.00 309,255.63 0-29 Days 0.312500% 0.000000% 0.000000% 0.312500% 0.194068% 0.000000% 0.000000% 0.194068% 30 Days 0.312500% 0.000000% 0.000000% 0.000000% 0.312500% 0.085240% 0.000000% 0.000000% 0.000000% 0.085240% 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 0.312500% 0.312500% 0.000000% 0.000000% 0.625000% 0.085240% 0.194068% 0.000000% 0.000000% 0.279307% 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 2 0 0 2 233,316.42 0.00 0.00 233,316.42 30 Days 4 0 0 0 4 709,574.15 0.00 0.00 0.00 709,574.15 60 Days 0 0 1 0 1 0.00 0.00 615,221.60 0.00 615,221.60 90 Days 1 0 0 0 1 191,285.40 0.00 0.00 0.00 191,285.40 120 Days 1 0 0 0 1 188,220.02 0.00 0.00 0.00 188,220.02 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 2 0 2 0.00 0.00 285,031.07 0.00 285,031.07 Totals 6 2 3 0 11 1,089,079.57 233,316.42 900,252.67 0.00 2,222,648.66 0-29 Days 0.692042% 0.000000% 0.000000% 0.692042% 0.434019% 0.000000% 0.000000% 0.434019% 30 Days 1.384083% 0.000000% 0.000000% 0.000000% 1.384083% 1.319960% 0.000000% 0.000000% 0.000000% 1.319960% 60 Days 0.000000% 0.000000% 0.346021% 0.000000% 0.346021% 0.000000% 0.000000% 1.144444% 0.000000% 1.144444% 90 Days 0.346021% 0.000000% 0.000000% 0.000000% 0.346021% 0.355832% 0.000000% 0.000000% 0.000000% 0.355832% 120 Days 0.346021% 0.000000% 0.000000% 0.000000% 0.346021% 0.350130% 0.000000% 0.000000% 0.000000% 0.350130% 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% 0.692042% 0.000000% 0.692042% 0.000000% 0.000000% 0.530219% 0.000000% 0.530219% Totals 2.076125% 0.692042% 1.038062% 0.000000% 3.806228% 2.025921% 0.434019% 1.674663% 0.000000% 4.134603%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 40,121.38
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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 4 Oct-04 0.411% Original Principal Balance 1,112,800.00 Nov-04 0.530% Current Principal Balance 1,099,362.69 Dec-04 0.823% Jan-05 0.932% Current Foreclosure Total Feb-05 1.085% Loans in Foreclosure 12 Mar-05 1.225% Original Principal Balance 2,998,700.00 Apr-05 1.515% Current Principal Balance 2,977,187.15 May-05 0.833% Jun-05 0.853% Jul-05 0.926% Aug-05 0.876% Sep-05 0.991% *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 Oct-04 1.047% Original Principal Balance 162,800.00 Nov-04 1.241% Current Principal Balance 162,700.00 Dec-04 1.655% Jan-05 1.775% Current Foreclosure Total Feb-05 1.817% Loans in Foreclosure 7 Mar-05 2.471% Original Principal Balance 1,749,900.00 Apr-05 0.406% Current Principal Balance 1,742,970.83 May-05 2.343% Jun-05 2.585% Jul-05 2.987% Aug-05 2.850% Sep-05 2.212% *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 1 Oct-04 0.170% Original Principal Balance 257,600.00 Nov-04 0.177% Current Principal Balance 253,376.92 Dec-04 0.762% Jan-05 1.141% Current Foreclosure Total Feb-05 1.974% Loans in Foreclosure 2 Mar-05 1.562% Original Principal Balance 338,600.00 Apr-05 1.982% Current Principal Balance 333,963.65 May-05 0.117% Jun-05 0.126% Jul-05 0.130% Aug-05 0.137% Sep-05 0.583% *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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 2.213% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 2 Oct-04 0.000% Original Principal Balance 692,400.00 Nov-04 0.312% Current Principal Balance 683,285.77 Dec-04 0.579% Jan-05 0.641% Current Foreclosure Total Feb-05 0.675% Loans in Foreclosure 3 Mar-05 0.703% Original Principal Balance 910,200.00 Apr-05 1.802% Current Principal Balance 900,252.67 May-05 0.486% Jun-05 0.335% Jul-05 0.359% Aug-05 0.382% Sep-05 1.675% *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 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 0000495606 Sep-2005 01-Apr-2004 CA 80.00 162,800.00 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 II 0000437803 May-2005 01-Jan-2004 OH 90.00 81,000.00 Group II 0000507771 Sep-2005 01-May-2004 CO 80.00 257,600.00 Group IV 0000497243 May-2005 01-May-2004 IL 90.00 217,800.00 Group IV 0000498686 Sep-2005 01-Apr-2004 IL 79.50 624,000.00 Group IV 0000499586 Sep-2005 01-May-2004 OH 95.00 68,400.00
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 0000475507 89,760.74 01-Dec-2004 7 6.500% 4,107.30 Group I 0000475829 239,772.28 01-Mar-2004 16 6.250% 20,878.69 Group I 0000486380 132,662.86 01-Jun-2004 13 6.875% 10,712.55 Group I 0000495606 162,700.00 01-Mar-2005 4 5.375% 3,931.94 Group I 0000500986 288,585.46 01-Nov-2004 8 5.875% 13,162.38 Group I 0000504460 330,536.05 01-Sep-2004 10 6.125% 18,898.64 Group I 0000508762 498,953.44 01-Jun-2004 13 5.750% 33,270.33 Group II 0000437803 80,586.73 01-Jun-2004 13 7.875% 7,515.54 Group II 0000507771 253,376.92 01-May-2005 2 6.125% 4,848.55 Group IV 0000497243 216,966.90 01-Aug-2004 11 6.250% 13,726.91 Group IV 0000498686 615,221.60 01-May-2005 2 6.125% 11,772.96 Group IV 0000499586 68,064.17 01-Sep-2004 10 6.125% 3,891.75
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.288991% Weighted Average Net Coupon 4.913991% Weighted Average Pass-Through Rate 4.913991% Weighted Average Maturity(Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 1,255 Number Of Loans Paid In Full 63 Ending Scheduled Collateral Loan Count 1,192 Beginning Scheduled Collateral Balance 316,863,697.59 Ending Scheduled Collateral Balance 300,267,256.49 Ending Actual Collateral Balance at 31-Aug-2005 300,527,234.51 Monthly P&I Constant 1,656,622.78 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 300,267,256.49 Scheduled Principal 260,048.46 Unscheduled Principal 16,336,392.64
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.664007 5.165680 4.737927 Weighted Average Net Rate 5.289007 4.790680 4.362927 Weighted Average Maturity 341 341 340 Beginning Loan Count 357 263 329 Loans Paid In Full 29 8 9 Ending Loan Count 328 255 320 Beginning Scheduled Balance 87,026,697.76 58,743,541.45 114,319,603.69 Ending Scheduled Balance 78,729,859.78 57,176,922.07 110,662,411.72 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 452,294.60 330,827.16 530,452.54 Scheduled Principal 41,528.05 77,951.87 79,087.60 Unscheduled Principal 8,255,309.93 1,488,667.51 3,578,104.37 Scheduled Interest 410,766.55 252,875.29 451,364.94 Servicing Fees 27,195.86 18,357.36 35,724.87 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 383,570.69 234,517.93 415,640.07 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 5.289007 4.790680 4.362927 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 70,671.12 103,560.92 103,844.84
Group Level Collateral Statement Group Group IV Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.951349 5.288991 Weighted Average Net Rate 5.576349 4.913991 Weighted Average Maturity 342 341 Beginning Loan Count 306 1,255 Loans Paid In Full 17 63 Ending Loan Count 289 1,192 Beginning Scheduled Balance 56,773,854.69 316,863,697.59 Ending scheduled Balance 53,698,062.92 300,267,256.49 Record Date 08/31/2005 08/31/2005 Principal And Interest Constant 343,048.48 1,656,622.78 Scheduled Principal 61,480.94 260,048.46 Unscheduled Principal 3,014,310.83 16,336,392.64 Scheduled Interest 281,567.54 1,396,574.32 Servicing Fees 17,741.83 99,019.92 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 263,825.71 1,297,554.40 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 5.576349 4.913991 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 108,357.41 386,434.30
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 29 8,336,700.00 8,228,732.90 0 0.00 0.00 Group II 8 1,498,225.00 1,466,859.08 0 0.00 0.00 Group III 9 3,579,228.00 3,553,877.86 0 0.00 0.00 Group IV 17 3,069,030.00 3,012,495.88 0 0.00 0.00 Total 63 16,483,183.00 16,261,965.72 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 25,728.68 Group II 0 0.00 0.00 0 0.00 0.00 21,817.16 Group III 0 0.00 0.00 0 0.00 0.00 24,227.20 Group IV 0 0.00 0.00 0 0.00 0.00 1,814.95 Total 0 0.00 0.00 0 0.00 0.00 73,587.99
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I 0000384428 CA 66.48 01-Jan-2004 625,000.00 625,000.00 Group I 0000412960 MD 83.86 01-Feb-2004 405,000.00 404,523.98 Group I 0000452609 CA 69.00 01-Mar-2004 138,000.00 137,949.01 Group I 0000459430 AZ 80.00 01-Feb-2004 152,000.00 151,509.11 Group I 0000465142 CA 80.00 01-Feb-2004 348,000.00 348,000.00 Group I 0000469309 VA 80.00 01-Mar-2004 324,000.00 324,000.00 Group I 0000470595 IL 80.00 01-Mar-2004 232,000.00 221,900.00 Group I 0000471696 CO 75.00 01-May-2004 457,500.00 457,500.00 Group I 0000474983 MD 75.00 01-Mar-2004 240,000.00 238,674.06 Group I 0000476344 MI 95.00 01-Mar-2004 266,000.00 261,138.94 Group I 0000476446 IL 80.00 01-Apr-2004 276,000.00 271,024.36 Group I 0000478122 IL 79.13 01-Mar-2004 182,000.00 178,824.87 Group I 0000478161 VA 80.00 01-Apr-2004 494,400.00 490,419.26 Group I 0000480815 AZ 80.00 01-Mar-2004 157,600.00 154,370.90 Group I 0000486564 CA 95.00 01-Mar-2004 308,750.00 300,775.33 Group I 0000488517 FL 79.80 01-Apr-2004 158,000.00 154,880.01 Group I 0000498164 CO 85.00 01-Apr-2004 196,350.00 194,704.21 Group I 0000498471 IL 80.00 01-Apr-2004 228,000.00 224,070.07 Group I 0000498810 CA 73.52 01-May-2004 300,000.00 292,444.78 Group I 0000502782 CA 90.00 01-Apr-2004 180,000.00 179,750.00 Group I 0000503235 IL 80.00 01-Apr-2004 488,000.00 479,598.97 Group I 0000503323 MD 80.00 01-Apr-2004 268,000.00 262,490.66 Group I 0000505472 AZ 95.00 01-Apr-2004 115,900.00 113,839.95 Group I 0000508018 CA 69.38 01-Apr-2004 170,000.00 165,595.42 Group I 0000511657 NV 90.00 01-May-2004 154,800.00 151,961.19 Group I 0000511811 FL 86.81 01-May-2004 286,500.00 281,267.21 Group I 0000516648 VA 90.00 01-May-2004 508,500.00 498,855.11 Group I 0005324772 TN 79.99 01-Mar-2004 401,000.00 393,671.69 Group I 0005338125 MA 94.99 01-Feb-2004 275,400.00 270,842.16 Group II 0000444239 GA 89.55 01-Jan-2004 120,000.00 116,467.29 Group II 0000465360 FL 95.00 01-Mar-2004 50,350.00 49,640.53 Group II 0000471052 CA 82.33 01-Mar-2004 247,000.00 241,939.26 Group II 0000481172 AZ 80.00 01-Mar-2004 174,400.00 170,906.90 Group II 0000490411 MN 83.75 01-Apr-2004 234,500.00 230,272.36 Group II 0000500049 DC 95.00 01-Apr-2004 199,975.00 196,764.85 Group II 0000501612 IL 67.30 01-May-2004 142,000.00 137,086.95 Group II 0000504475 NV 55.18 01-Apr-2004 330,000.00 323,772.21 Group III 0000449655 NV 90.00 01-Jan-2004 157,500.00 157,500.00 Group III 0000450158 CA 80.00 01-Jan-2004 344,000.00 344,000.00 Group III 0000463844 MA 58.34 01-Mar-2004 122,500.00 122,500.00 Group III 0000472029 VA 80.00 01-Apr-2004 604,628.00 604,498.04 Group III 0000472517 CA 80.00 01-Mar-2004 480,000.00 480,000.00 Group III 0000495582 MA 77.98 01-Apr-2004 588,000.00 574,422.26 Group III 0000508557 CA 39.97 01-May-2004 205,000.00 205,000.00 Group III 0000515697 MD 80.00 01-May-2004 612,000.00 612,000.00 Group III 0005328922 MD 80.00 01-Jan-2004 465,600.00 453,956.87 Group IV 0000383756 IL 67.94 01-Apr-2004 265,000.00 258,831.02 Group IV 0000446548 NC 94.98 01-Apr-2004 124,900.00 123,345.30 Group IV 0000461581 MA 95.00 01-Feb-2004 285,000.00 280,094.17 Group IV 0000462137 FL 90.00 01-Mar-2004 81,000.00 79,708.58 Group IV 0000464000 FL 95.00 01-Mar-2004 144,400.00 141,879.43 Group IV 0000468511 SC 95.00 01-Mar-2004 107,730.00 105,936.39 Group IV 0000469221 MD 90.00 01-Apr-2004 238,500.00 235,098.95 Group IV 0000473031 MD 83.68 01-Mar-2004 205,000.00 200,799.75 Group IV 0000475209 OR 56.52 01-Mar-2004 130,000.00 127,396.25 Group IV 0000481839 MD 95.00 01-Mar-2004 185,250.00 182,060.62 Group IV 0000488960 PA 95.00 01-Apr-2004 208,050.00 204,211.89 Group IV 0000489794 CA 66.66 01-Apr-2004 188,000.00 184,029.22 Group IV 0000493152 AZ 79.88 01-Apr-2004 139,000.00 136,435.95 Group IV 0000499861 FL 80.00 01-Apr-2004 78,400.00 77,170.23 Group IV 0000502982 IL 72.00 01-Apr-2004 90,000.00 88,486.13 Group IV 0000508117 WA 80.00 01-May-2004 248,800.00 244,080.99 Group IV 0000512275 WA 58.13 01-Apr-2004 350,000.00 342,931.01
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I 0000384428 Loan Paid in Full 0 5.375% 360 20 Group I 0000412960 Loan Paid in Full 0 5.750% 360 19 Group I 0000452609 Loan Paid in Full 0 5.625% 360 18 Group I 0000459430 Loan Paid in Full 0 5.250% 360 19 Group I 0000465142 Loan Paid in Full 0 5.875% 360 19 Group I 0000469309 Loan Paid in Full 0 6.125% 360 18 Group I 0000470595 Loan Paid in Full 0 5.750% 360 18 Group I 0000471696 Loan Paid in Full 0 6.125% 360 16 Group I 0000474983 Loan Paid in Full 0 5.500% 360 18 Group I 0000476344 Loan Paid in Full 12 6.125% 360 18 Group I 0000476446 Loan Paid in Full 0 5.875% 360 17 Group I 0000478122 Loan Paid in Full 0 6.375% 360 18 Group I 0000478161 Loan Paid in Full 0 5.125% 360 17 Group I 0000480815 Loan Paid in Full 0 5.500% 360 18 Group I 0000486564 Loan Paid in Full 0 4.625% 360 18 Group I 0000488517 Loan Paid in Full 0 5.375% 360 17 Group I 0000498164 Loan Paid in Full 0 5.375% 360 17 Group I 0000498471 Loan Paid in Full 0 6.125% 360 17 Group I 0000498810 Loan Paid in Full 0 4.875% 360 16 Group I 0000502782 Loan Paid in Full 0 5.375% 360 17 Group I 0000503235 Loan Paid in Full 0 6.125% 360 17 Group I 0000503323 Loan Paid in Full 0 5.875% 360 17 Group I 0000505472 Loan Paid in Full 0 6.000% 360 17 Group I 0000508018 Loan Paid in Full (1) 5.000% 360 17 Group I 0000511657 Loan Paid in Full (1) 5.750% 360 16 Group I 0000511811 Loan Paid in Full 0 5.500% 360 16 Group I 0000516648 Loan Paid in Full 0 5.250% 360 16 Group I 0005324772 Loan Paid in Full 0 6.125% 360 18 Group I 0005338125 Loan Paid in Full (1) 7.000% 360 19 Group II 0000444239 Loan Paid in Full 0 4.250% 360 20 Group II 0000465360 Loan Paid in Full 0 7.500% 360 18 Group II 0000471052 Loan Paid in Full 0 5.500% 360 18 Group II 0000481172 Loan Paid in Full 0 5.625% 360 18 Group II 0000490411 Loan Paid in Full 0 5.875% 360 17 Group II 0000500049 Loan Paid in Full 0 6.500% 360 17 Group II 0000501612 Loan Paid in Full 0 4.750% 360 16 Group II 0000504475 Loan Paid in Full 0 5.625% 360 17 Group III 0000449655 Loan Paid in Full 0 5.375% 360 20 Group III 0000450158 Loan Paid in Full (1) 4.625% 360 20 Group III 0000463844 Loan Paid in Full (1) 4.875% 360 18 Group III 0000472029 Loan Paid in Full 0 4.750% 360 17 Group III 0000472517 Loan Paid in Full 0 4.500% 360 18 Group III 0000495582 Loan Paid in Full 0 4.500% 360 17 Group III 0000508557 Loan Paid in Full 0 5.250% 360 16 Group III 0000515697 Loan Paid in Full 0 5.125% 360 16 Group III 0005328922 Loan Paid in Full 0 5.000% 360 20 Group IV 0000383756 Loan Paid in Full 0 6.000% 360 17 Group IV 0000446548 Loan Paid in Full 8 7.500% 360 17 Group IV 0000461581 Loan Paid in Full 0 6.750% 360 19 Group IV 0000462137 Loan Paid in Full 0 6.875% 360 18 Group IV 0000464000 Loan Paid in Full 0 6.375% 360 18 Group IV 0000468511 Loan Paid in Full 0 6.625% 360 18 Group IV 0000469221 Loan Paid in Full 0 7.125% 360 17 Group IV 0000473031 Loan Paid in Full 0 5.500% 360 18 Group IV 0000475209 Loan Paid in Full 0 5.625% 360 18 Group IV 0000481839 Loan Paid in Full 0 6.500% 360 18 Group IV 0000488960 Loan Paid in Full 0 5.750% 360 17 Group IV 0000489794 Loan Paid in Full 0 5.000% 360 17 Group IV 0000493152 Loan Paid in Full 0 5.750% 360 17 Group IV 0000499861 Loan Paid in Full 0 6.625% 360 17 Group IV 0000502982 Loan Paid in Full 0 6.250% 360 17 Group IV 0000508117 Loan Paid in Full 0 5.250% 360 16 Group IV 0000512275 Loan Paid in Full 0 5.250% 360 17
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 5.160% Current Month 47.045% Current Month 1,298.465% 3 Month Average 5.259% 3 Month Average 47.644% 3 Month Average 1,399.257% 12 Month Average 5.913% 12 Month Average 42.874% 12 Month Average 1,865.541% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% Sep-2005 47.045% 42.874% Sep-2005 1,298.465% 1,865.541% *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 9.490% Current Month 69.777% Current Month 1,930.743% 3 Month Average 9.188% 3 Month Average 67.637% 3 Month Average 1,994.629% 12 Month Average 9.527% 12 Month Average 58.060% 12 Month Average 2,541.691% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% Sep-2005 69.777% 58.060% Sep-2005 1,930.743% 2,541.691% *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 2.538% Current Month 26.540% Current Month 730.315% 3 Month Average 3.597% 3 Month Average 35.201% 3 Month Average 1,032.426% 12 Month Average 5.024% 12 Month Average 39.105% 12 Month Average 1,734.438% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% Sep-2005 26.540% 39.105% Sep-2005 730.315% 1,734.438% *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 3.132% Current Month 31.741% Current Month 856.332% 3 Month Average 2.630% 3 Month Average 27.265% 3 Month Average 774.158% 12 Month Average 3.068% 12 Month Average 25.119% 12 Month Average 1,062.137% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% Sep-2005 31.741% 25.119% Sep-2005 856.332% 1,062.137% *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 5.315% Current Month 48.076% Current Month 1,392.372% 3 Month Average 5.787% 3 Month Average 51.057% 3 Month Average 1,576.693% 12 Month Average 5.738% 12 Month Average 40.321% 12 Month Average 1,843.214% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% Sep-2005 48.076% 40.321% Sep-2005 1,392.372% 1,843.214% *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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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. 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% Sep-2005 0.000% 0.000% Sep-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)