8-K 1 ahm04002_8k-200511.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): November 25, 2005 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112273-02 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 November 25, 2005 a distribution was made to holders of AMERICAN HOME MORTGAGE INVESTMENT TRUST, Mortgage-Backed Notes, Series 2004-2 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 2004-2 Trust, relating to the November 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 11/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-2 Trust, relating to the November 25, 2005 distribution. EX-99.1
AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Record Date: 10/31/2005 Distribution Date: 11/25/2005 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Series 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution I-A 02660TAV5 SEN 4.38750% 140,321,327.39 530,151.52 II-A 02660TAW3 SEN 3.77000% 124,229,207.62 390,286.76 III-A 02660TAX1 SEN 4.34000% 75,407,371.58 272,723.33 IV-A-1 02660TAY9 SEN 2.44000% 0.00 0.00 IV-A-2 02660TAZ6 SEN 3.63500% 49,258,519.97 149,212.27 IV-A-3 02660TBA0 SEN 4.55000% 97,028,000.00 367,897.83 IV-A-4 02660TBB8 SEN 4.55000% 54,126,000.00 205,227.75 IV-A-5 02660TBC6 SEN 4.55000% 61,208,000.00 232,080.33 IV-A-6 02660TBD4 SEN 4.55000% 105,751,000.00 400,972.54 V-A 02660TBE2 SEN 5.50000% 59,892,876.24 274,509.02 M-1 02660TBF9 MEZ 4.63750% 44,880,000.00 179,223.92 M-2 02660TBG7 MEZ 5.48750% 13,808,000.00 58,270.58 M-3 02660TBH5 MEZ 6.53750% 8,285,500.00 34,965.30 N 02660TBJ1 MEZ 5.50000% 0.00 0.00 OT AHM0402OT OT 0.00000% 0.00 0.00 OC OC 0.00000% 5,523,437.16 0.00 Totals 839,719,239.96 3,095,521.15
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A 9,505,551.40 0.00 130,815,775.99 10,035,702.92 0.00 II-A 5,334,516.80 0.00 118,894,690.82 5,724,803.56 0.00 III-A 3,642,847.58 0.00 71,764,524.00 3,915,570.91 0.00 IV-A-1 0.00 0.00 0.00 0.00 0.00 IV-A-2 11,099,949.70 0.00 38,158,570.27 11,249,161.97 0.00 IV-A-3 0.00 0.00 97,028,000.00 367,897.83 0.00 IV-A-4 0.00 0.00 54,126,000.00 205,227.75 0.00 IV-A-5 0.00 0.00 61,208,000.00 232,080.33 0.00 IV-A-6 0.00 0.00 105,751,000.00 400,972.54 0.00 V-A 2,474,336.19 0.00 57,418,540.05 2,748,845.21 0.00 M-1 0.00 0.00 44,880,000.00 179,223.92 0.00 M-2 0.00 0.00 13,808,000.00 58,270.58 0.00 M-3 0.00 0.00 8,285,500.00 34,965.30 0.00 N 0.00 0.00 0.00 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 5,384,715.36 0.00 0.00 Totals 32,057,201.67 0.00 807,523,316.49 35,152,722.82 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 391,853,000.00 140,321,327.39 0.00 9,505,551.40 0.00 0.00 II-A 179,968,000.00 124,229,207.62 0.00 5,334,516.80 0.00 0.00 III-A 135,297,000.00 75,407,371.58 0.00 3,642,847.58 0.00 0.00 IV-A-1 139,521,000.00 0.00 0.00 0.00 0.00 0.00 IV-A-2 52,675,000.00 49,258,519.97 0.00 11,099,949.70 0.00 0.00 IV-A-3 97,028,000.00 97,028,000.00 0.00 0.00 0.00 0.00 IV-A-4 54,126,000.00 54,126,000.00 0.00 0.00 0.00 0.00 IV-A-5 61,208,000.00 61,208,000.00 0.00 0.00 0.00 0.00 IV-A-6 105,751,000.00 105,751,000.00 0.00 0.00 0.00 0.00 V-A 90,935,000.00 59,892,876.24 0.00 2,474,336.19 0.00 0.00 M-1 44,880,000.00 44,880,000.00 0.00 0.00 0.00 0.00 M-2 13,808,000.00 13,808,000.00 0.00 0.00 0.00 0.00 M-3 8,285,500.00 8,285,500.00 0.00 0.00 0.00 0.00 N 14,000,000.00 0.00 0.00 0.00 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 OC 5,523,789.25 5,523,437.16 0.00 0.00 0.00 0.00 Totals 1,394,859,289.25 839,719,239.96 0.00 32,057,201.67 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 9,505,551.40 130,815,775.99 0.33383890 9,505,551.40 II-A 5,334,516.80 118,894,690.82 0.66064351 5,334,516.80 III-A 3,642,847.58 71,764,524.00 0.53042214 3,642,847.58 IV-A-1 0.00 0.00 0.00000000 0.00 IV-A-2 11,099,949.70 38,158,570.27 0.72441519 11,099,949.70 IV-A-3 0.00 97,028,000.00 1.00000000 0.00 IV-A-4 0.00 54,126,000.00 1.00000000 0.00 IV-A-5 0.00 61,208,000.00 1.00000000 0.00 IV-A-6 0.00 105,751,000.00 1.00000000 0.00 V-A 2,474,336.19 57,418,540.05 0.63142398 2,474,336.19 M-1 0.00 44,880,000.00 1.00000000 0.00 M-2 0.00 13,808,000.00 1.00000000 0.00 M-3 0.00 8,285,500.00 1.00000000 0.00 N 0.00 0.00 0.00000000 0.00 OT 0.00 0.00 0.00000000 0.00 OC 0.00 5,384,715.36 0.97482274 0.00 Totals 32,057,201.67 807,523,316.49 0.57892816 32,057,201.67
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 391,853,000.00 358.09685619 0.00000000 24.25795234 0.00000000 II-A 179,968,000.00 690.28498189 0.00000000 29.64147404 0.00000000 III-A 135,297,000.00 557.34695950 0.00000000 26.92482154 0.00000000 IV-A-1 139,521,000.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-2 52,675,000.00 935.14038861 0.00000000 210.72519601 0.00000000 IV-A-3 97,028,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-4 54,126,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-5 61,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-6 105,751,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 V-A 90,935,000.00 658.63392797 0.00000000 27.20994326 0.00000000 M-1 44,880,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,808,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 8,285,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 N 14,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 OT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 5,523,789.25 999.93625934 0.00000000 0.00000000 0.00000000
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 24.25795234 333.83890385 0.33383890 24.25795234 II-A 0.00000000 29.64147404 660.64350785 0.66064351 29.64147404 III-A 0.00000000 26.92482154 530.42213796 0.53042214 26.92482154 IV-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-2 0.00000000 210.72519601 724.41519260 0.72441519 210.72519601 IV-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 V-A 0.00000000 27.20994326 631.42398471 0.63142398 27.20994326 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 974.82273785 0.97482274 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 391,853,000.00 4.38750% 140,321,327.39 530,151.52 0.00 0.00 II-A 179,968,000.00 3.77000% 124,229,207.62 390,286.76 0.00 0.00 III-A 135,297,000.00 4.34000% 75,407,371.58 272,723.33 0.00 0.00 IV-A-1 139,521,000.00 2.44000% 0.00 0.00 0.00 0.00 IV-A-2 52,675,000.00 3.63500% 49,258,519.97 149,212.27 0.00 0.00 IV-A-3 97,028,000.00 4.55000% 97,028,000.00 367,897.83 0.00 0.00 IV-A-4 54,126,000.00 4.55000% 54,126,000.00 205,227.75 0.00 0.00 IV-A-5 61,208,000.00 4.55000% 61,208,000.00 232,080.33 0.00 0.00 IV-A-6 105,751,000.00 4.55000% 105,751,000.00 400,972.54 0.00 0.00 V-A 90,935,000.00 5.50000% 59,892,876.24 274,509.02 0.00 0.00 M-1 44,880,000.00 4.63750% 44,880,000.00 179,223.92 0.00 0.00 M-2 13,808,000.00 5.48750% 13,808,000.00 65,247.59 0.00 0.00 M-3 8,285,500.00 6.53750% 8,285,500.00 46,643.34 0.00 0.00 N 14,000,000.00 5.50000% 0.00 0.00 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 OC 5,523,789.25 0.00000% 5,523,437.16 0.00 0.00 0.00 Totals 1,394,859,289.25 3,114,176.20 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 0.00 530,151.52 0.00 130,815,775.99 II-A 0.00 0.00 390,286.76 0.00 118,894,690.82 III-A 0.00 0.00 272,723.33 0.00 71,764,524.00 IV-A-1 0.00 0.00 0.00 0.00 0.00 IV-A-2 0.00 0.00 149,212.27 0.00 38,158,570.27 IV-A-3 0.00 0.00 367,897.83 0.00 97,028,000.00 IV-A-4 0.00 0.00 205,227.75 0.00 54,126,000.00 IV-A-5 0.00 0.00 232,080.33 0.00 61,208,000.00 IV-A-6 0.00 0.00 400,972.54 0.00 105,751,000.00 V-A 0.00 0.00 274,509.02 0.00 57,418,540.05 M-1 0.00 0.00 179,223.92 0.00 44,880,000.00 M-2 0.00 0.00 58,270.58 0.00 13,808,000.00 M-3 0.00 0.00 34,965.30 0.00 8,285,500.00 N 0.00 0.00 0.00 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 0.00 0.00 5,384,715.36 Totals 0.00 0.00 3,095,521.15 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 391,853,000.00 4.38750% 358.09685619 1.35293470 0.00000000 0.00000000 II-A 179,968,000.00 3.77000% 690.28498189 2.16864531 0.00000000 0.00000000 III-A 135,297,000.00 4.34000% 557.34695950 2.01573819 0.00000000 0.00000000 IV-A-1 139,521,000.00 2.44000% 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-2 52,675,000.00 3.63500% 935.14038861 2.83269616 0.00000000 0.00000000 IV-A-3 97,028,000.00 4.55000% 1000.00000000 3.79166663 0.00000000 0.00000000 IV-A-4 54,126,000.00 4.55000% 1000.00000000 3.79166667 0.00000000 0.00000000 IV-A-5 61,208,000.00 4.55000% 1000.00000000 3.79166661 0.00000000 0.00000000 IV-A-6 105,751,000.00 4.55000% 1000.00000000 3.79166665 0.00000000 0.00000000 V-A 90,935,000.00 5.50000% 658.63392797 3.01873888 0.00000000 0.00000000 M-1 44,880,000.00 4.63750% 1000.00000000 3.99340285 0.00000000 0.00000000 M-2 13,808,000.00 5.48750% 1000.00000000 4.72534690 0.00000000 0.00000000 M-3 8,285,500.00 6.53750% 1000.00000000 5.62951421 0.00000000 0.00000000 N 14,000,000.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 OT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 5,523,789.25 0.00000% 999.93625934 0.00000000 0.00000000 0.00000000 (5) Per $1 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 1.35293470 0.00000000 333.83890385 II-A 0.00000000 0.00000000 2.16864531 0.00000000 660.64350785 III-A 0.00000000 0.00000000 2.01573819 0.00000000 530.42213796 IV-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-2 0.00000000 0.00000000 2.83269616 0.00000000 724.41519260 IV-A-3 0.00000000 0.00000000 3.79166663 0.00000000 1000.00000000 IV-A-4 0.00000000 0.00000000 3.79166667 0.00000000 1000.00000000 IV-A-5 0.00000000 0.00000000 3.79166661 0.00000000 1000.00000000 IV-A-6 0.00000000 0.00000000 3.79166665 0.00000000 1000.00000000 V-A 0.00000000 0.00000000 3.01873888 0.00000000 631.42398471 M-1 0.00000000 0.00000000 3.99340285 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.22005939 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.22005914 0.00000000 1000.00000000 N 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 974.82273785 (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 35,879,531.87 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 80,536.86 Realized Loss (Gains, Subsequent Expenses & Recoveries) (508,044.91) Prepayment Penalties 0.00 Total Deposits 35,452,023.82 Withdrawals Reimbursement for Servicer Advances 84,626.72 Payment of Service Fee 214,674.28 Payment of Interest and Principal 35,152,722.82 Total Withdrawals (Pool Distribution Amount) 35,452,023.82 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 214,674.28 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 214,674.28
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance N_CLASS_RESERVE_FUND 25,612.84 0.00 72.04 25,684.88 CLASS_A_RESERVE_FUND 3,452,148.00 0.00 0.00 3,452,148.00
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 17 0 0 17 3,064,168.23 0.00 0.00 3,064,168.23 30 Days 14 0 0 0 14 3,452,260.44 0.00 0.00 0.00 3,452,260.44 60 Days 5 1 4 0 10 1,010,973.11 93,563.28 969,413.17 0.00 2,073,949.56 90 Days 2 1 0 0 3 362,573.86 287,872.76 0.00 0.00 650,446.62 120 Days 2 0 2 0 4 123,776.47 0.00 173,742.73 0.00 297,519.20 150 Days 2 0 2 0 4 135,331.59 0.00 352,426.37 0.00 487,757.96 180+ Days 9 3 16 0 28 1,785,607.67 784,734.66 4,148,796.25 0.00 6,719,138.58 Totals 34 22 24 0 80 6,870,523.14 4,230,338.93 5,644,378.52 0.00 16,745,240.59 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 0.546800% 0.000000% 0.000000% 0.546800% 0.379239% 0.000000% 0.000000% 0.379239% 30 Days 0.450306% 0.000000% 0.000000% 0.000000% 0.450306% 0.427272% 0.000000% 0.000000% 0.000000% 0.427272% 60 Days 0.160823% 0.032165% 0.128659% 0.000000% 0.321647% 0.125124% 0.011580% 0.119980% 0.000000% 0.256684% 90 Days 0.064329% 0.032165% 0.000000% 0.000000% 0.096494% 0.044874% 0.035629% 0.000000% 0.000000% 0.080503% 120 Days 0.064329% 0.000000% 0.064329% 0.000000% 0.128659% 0.015319% 0.000000% 0.021503% 0.000000% 0.036823% 150 Days 0.064329% 0.000000% 0.064329% 0.000000% 0.128659% 0.016749% 0.000000% 0.043618% 0.000000% 0.060368% 180+ Days 0.289482% 0.096494% 0.514635% 0.000000% 0.900611% 0.220997% 0.097123% 0.513479% 0.000000% 0.831599% Totals 1.093599% 0.707623% 0.771952% 0.000000% 2.573175% 0.850335% 0.523571% 0.698581% 0.000000% 2.072487%
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 0 0 2 387,609.46 0.00 0.00 387,609.46 30 Days 4 0 0 0 4 1,069,217.12 0.00 0.00 0.00 1,069,217.12 60 Days 3 0 0 0 3 877,297.62 0.00 0.00 0.00 877,297.62 90 Days 1 0 0 0 1 202,500.00 0.00 0.00 0.00 202,500.00 120 Days 1 0 1 0 2 50,724.70 0.00 57,614.18 0.00 108,338.88 150 Days 2 0 0 0 2 135,331.59 0.00 0.00 0.00 135,331.59 180+ Days 4 0 6 0 10 638,003.48 0.00 1,279,054.04 0.00 1,917,057.52 Totals 15 2 7 0 24 2,973,074.51 387,609.46 1,336,668.22 0.00 4,697,352.19 0-29 Days 0.321027% 0.000000% 0.000000% 0.321027% 0.254194% 0.000000% 0.000000% 0.254194% 30 Days 0.642055% 0.000000% 0.000000% 0.000000% 0.642055% 0.701192% 0.000000% 0.000000% 0.000000% 0.701192% 60 Days 0.481541% 0.000000% 0.000000% 0.000000% 0.481541% 0.575331% 0.000000% 0.000000% 0.000000% 0.575331% 90 Days 0.160514% 0.000000% 0.000000% 0.000000% 0.160514% 0.132799% 0.000000% 0.000000% 0.000000% 0.132799% 120 Days 0.160514% 0.000000% 0.160514% 0.000000% 0.321027% 0.033265% 0.000000% 0.037783% 0.000000% 0.071049% 150 Days 0.321027% 0.000000% 0.000000% 0.000000% 0.321027% 0.088750% 0.000000% 0.000000% 0.000000% 0.088750% 180+ Days 0.642055% 0.000000% 0.963082% 0.000000% 1.605136% 0.418402% 0.000000% 0.838803% 0.000000% 1.257205% Totals 2.407705% 0.321027% 1.123596% 0.000000% 3.852327% 1.949740% 0.254194% 0.876586% 0.000000% 3.080520% 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 1 0 0 1 351,135.68 0.00 0.00 351,135.68 30 Days 1 0 0 0 1 492,000.00 0.00 0.00 0.00 492,000.00 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 1 0 1 0.00 0.00 648,000.00 0.00 648,000.00 Totals 1 1 1 0 3 492,000.00 351,135.68 648,000.00 0.00 1,491,135.68 0-29 Days 0.256410% 0.000000% 0.000000% 0.256410% 0.272239% 0.000000% 0.000000% 0.272239% 30 Days 0.256410% 0.000000% 0.000000% 0.000000% 0.256410% 0.381453% 0.000000% 0.000000% 0.000000% 0.381453% 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% 0.256410% 0.000000% 0.256410% 0.000000% 0.000000% 0.502402% 0.000000% 0.502402% Totals 0.256410% 0.256410% 0.256410% 0.000000% 0.769231% 0.381453% 0.272239% 0.502402% 0.000000% 1.156094% 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 3 0 0 3 861,176.62 0.00 0.00 861,176.62 30 Days 3 0 0 0 3 783,156.51 0.00 0.00 0.00 783,156.51 60 Days 0 0 2 0 2 0.00 0.00 600,950.62 0.00 600,950.62 90 Days 0 1 0 0 1 0.00 287,872.76 0.00 0.00 287,872.76 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 161,412.43 0.00 161,412.43 180+ Days 1 1 4 0 6 314,630.18 246,537.26 1,179,010.35 0.00 1,740,177.79 Totals 4 5 7 0 16 1,097,786.69 1,395,586.64 1,941,373.40 0.00 4,434,746.73 0-29 Days 0.785340% 0.000000% 0.000000% 0.785340% 1.084606% 0.000000% 0.000000% 1.084606% 30 Days 0.785340% 0.000000% 0.000000% 0.000000% 0.785340% 0.986344% 0.000000% 0.000000% 0.000000% 0.986344% 60 Days 0.000000% 0.000000% 0.523560% 0.000000% 0.523560% 0.000000% 0.000000% 0.756866% 0.000000% 0.756866% 90 Days 0.000000% 0.261780% 0.000000% 0.000000% 0.261780% 0.000000% 0.362561% 0.000000% 0.000000% 0.362561% 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% 0.261780% 0.000000% 0.261780% 0.000000% 0.000000% 0.203290% 0.000000% 0.203290% 180+ Days 0.261780% 0.261780% 1.047120% 0.000000% 1.570681% 0.396260% 0.310501% 1.484901% 0.000000% 2.191662% Totals 1.047120% 1.308901% 1.832461% 0.000000% 4.188482% 1.382604% 1.757668% 2.445057% 0.000000% 5.585329% 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 6 0 0 6 964,880.44 0.00 0.00 964,880.44 30 Days 4 0 0 0 4 713,581.70 0.00 0.00 0.00 713,581.70 60 Days 1 1 1 0 3 83,388.00 93,563.28 129,805.03 0.00 306,756.31 90 Days 1 0 0 0 1 160,073.86 0.00 0.00 0.00 160,073.86 120 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 3 1 5 0 9 778,574.01 316,265.63 1,042,731.86 0.00 2,137,571.50 Totals 9 8 6 0 23 1,735,617.57 1,374,709.35 1,172,536.89 0.00 4,282,863.81 0-29 Days 0.454201% 0.000000% 0.000000% 0.454201% 0.250842% 0.000000% 0.000000% 0.250842% 30 Days 0.302801% 0.000000% 0.000000% 0.000000% 0.302801% 0.185512% 0.000000% 0.000000% 0.000000% 0.185512% 60 Days 0.075700% 0.075700% 0.075700% 0.000000% 0.227101% 0.021679% 0.024324% 0.033746% 0.000000% 0.079748% 90 Days 0.075700% 0.000000% 0.000000% 0.000000% 0.075700% 0.041615% 0.000000% 0.000000% 0.000000% 0.041615% 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 0.227101% 0.075700% 0.378501% 0.000000% 0.681302% 0.202408% 0.082220% 0.271082% 0.000000% 0.555710% Totals 0.681302% 0.605602% 0.454201% 0.000000% 1.741105% 0.451213% 0.357387% 0.304827% 0.000000% 1.113427% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group V 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 5 0 0 5 499,366.03 0.00 0.00 499,366.03 30 Days 2 0 0 0 2 394,305.11 0.00 0.00 0.00 394,305.11 60 Days 1 0 1 0 2 50,287.49 0.00 238,657.52 0.00 288,945.01 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 1 0 2 73,051.77 0.00 116,128.55 0.00 189,180.32 150 Days 0 0 1 0 1 0.00 0.00 191,013.94 0.00 191,013.94 180+ Days 1 1 0 0 2 54,400.00 221,931.77 0.00 0.00 276,331.77 Totals 5 6 3 0 14 572,044.37 721,297.80 545,800.01 0.00 1,839,142.18 0-29 Days 1.272265% 0.000000% 0.000000% 1.272265% 0.799547% 0.000000% 0.000000% 0.799547% 30 Days 0.508906% 0.000000% 0.000000% 0.000000% 0.508906% 0.631332% 0.000000% 0.000000% 0.000000% 0.631332% 60 Days 0.254453% 0.000000% 0.254453% 0.000000% 0.508906% 0.080517% 0.000000% 0.382121% 0.000000% 0.462637% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.254453% 0.000000% 0.254453% 0.000000% 0.508906% 0.116965% 0.000000% 0.185936% 0.000000% 0.302901% 150 Days 0.000000% 0.000000% 0.254453% 0.000000% 0.254453% 0.000000% 0.000000% 0.305837% 0.000000% 0.305837% 180+ Days 0.254453% 0.254453% 0.000000% 0.000000% 0.508906% 0.087101% 0.355341% 0.000000% 0.000000% 0.442442% Totals 1.272265% 1.526718% 0.763359% 0.000000% 3.562341% 0.915915% 1.154888% 0.873894% 0.000000% 2.944697%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 80,536.86
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 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Current REO Total Apr-05 0.000% Loans in REO 0 May-05 0.000% Original Principal Balance 0.00 Jun-05 0.000% Current Principal Balance 0.00 Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Current REO Total Apr-05 0.000% Loans in REO 0 May-05 0.000% Original Principal Balance 0.00 Jun-05 0.000% Current Principal Balance 0.00 Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Current REO Total Apr-05 0.000% Loans in REO 0 May-05 0.000% Original Principal Balance 0.00 Jun-05 0.000% Current Principal Balance 0.00 Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Current REO Total Apr-05 0.000% Loans in REO 0 May-05 0.000% Original Principal Balance 0.00 Jun-05 0.000% Current Principal Balance 0.00 Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group IV 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Current REO Total Apr-05 0.000% Loans in REO 0 May-05 0.000% Original Principal Balance 0.00 Jun-05 0.000% Current Principal Balance 0.00 Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group V 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Current REO Total Apr-05 0.000% Loans in REO 0 May-05 0.000% Original Principal Balance 0.00 Jun-05 0.000% Current Principal Balance 0.00 Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance 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 8 Dec-04 0.180% Original Principal Balance 1,489,678.00 Jan-05 0.438% Current Principal Balance 1,468,553.00 Feb-05 0.523% Mar-05 0.634% Current Foreclosure Total Apr-05 0.650% Loans in Foreclosure 24 May-05 0.574% Original Principal Balance 5,682,048.00 Jun-05 0.672% Current Principal Balance 5,644,378.52 Jul-05 0.726% Aug-05 0.589% Sep-05 0.583% Oct-05 0.601% Nov-05 0.699% *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 2 Dec-04 0.217% Original Principal Balance 168,180.00 Jan-05 0.296% Current Principal Balance 167,403.55 Feb-05 0.564% Mar-05 0.876% Current Foreclosure Total Apr-05 0.828% Loans in Foreclosure 7 May-05 0.935% Original Principal Balance 1,341,180.00 Jun-05 1.083% Current Principal Balance 1,336,668.22 Jul-05 0.884% Aug-05 0.717% Sep-05 0.673% Oct-05 1.042% Nov-05 0.877% *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 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.365% Current Principal Balance 0.00 Feb-05 0.444% Mar-05 0.450% Current Foreclosure Total Apr-05 0.455% Loans in Foreclosure 1 May-05 0.390% Original Principal Balance 648,000.00 Jun-05 0.401% Current Principal Balance 648,000.00 Jul-05 0.426% Aug-05 0.445% Sep-05 0.467% Oct-05 0.483% Nov-05 0.502% *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 2 Dec-04 0.955% Original Principal Balance 613,598.00 Jan-05 1.504% Current Principal Balance 600,950.62 Feb-05 1.541% Mar-05 2.554% Current Foreclosure Total Apr-05 3.021% Loans in Foreclosure 7 May-05 2.249% Original Principal Balance 1,959,643.00 Jun-05 1.867% Current Principal Balance 1,941,373.40 Jul-05 2.082% Aug-05 1.383% Sep-05 1.572% Oct-05 1.615% Nov-05 2.445% *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 Dec-04 0.000% Original Principal Balance 274,100.00 Jan-05 0.225% Current Principal Balance 270,527.37 Feb-05 0.229% Mar-05 0.082% Current Foreclosure Total Apr-05 0.046% Loans in Foreclosure 6 May-05 0.047% Original Principal Balance 1,182,425.00 Jun-05 0.235% Current Principal Balance 1,172,536.89 Jul-05 0.310% Aug-05 0.320% Sep-05 0.370% Oct-05 0.299% Nov-05 0.305% *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 V 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 2 Dec-04 0.364% Original Principal Balance 433,800.00 Jan-05 0.852% Current Principal Balance 429,671.46 Feb-05 0.865% Mar-05 0.810% Current Foreclosure Total Apr-05 0.824% Loans in Foreclosure 3 May-05 0.711% Original Principal Balance 550,800.00 Jun-05 1.017% Current Principal Balance 545,800.01 Jul-05 1.609% Aug-05 1.132% Sep-05 0.617% Oct-05 0.291% Nov-05 0.874% *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 0000515152 Aug-2005 01-May-2004 FL 80.00 75,200.00 Group I 0000552678 Nov-2004 01-Jun-2004 NY 80.00 476,000.00 Group I 0000554982 Sep-2005 01-Jul-2004 IL 89.97 58,300.00 Group I 0000572248 Nov-2005 01-Jul-2004 OH 90.00 111,600.00 Group I 0000579864 Feb-2005 01-Aug-2004 NY 80.00 440,000.00 Group I 0000582452 Nov-2005 01-Aug-2004 NM 85.00 56,580.00 Group I 0000583397 May-2005 01-Aug-2004 IL 95.00 123,500.00 Group II 0000461593 Jan-2005 01-Jul-2004 IL 80.00 648,000.00 Group III 0000508834 Nov-2005 01-May-2004 IL 79.37 500,000.00 Group III 0000517008 Aug-2005 01-May-2004 KS 80.00 79,200.00 Group III 0000538596 Jul-2005 01-Jun-2004 OH 95.00 162,925.00 Group III 0000548083 Nov-2005 01-Jun-2004 NC 95.00 113,598.00 Group III 0000557988 Jan-2005 01-Jul-2004 NY 80.00 500,000.00 Group III 0000582821 Sep-2005 01-Aug-2004 NC 80.00 103,920.00 Group III 0000583818 Mar-2005 01-Aug-2004 NY 86.20 500,000.00 Group IV 0000407144 Sep-2005 01-Jun-2004 GA 95.00 118,655.00 Group IV 0000511147 Nov-2005 01-May-2004 IL 85.00 131,750.00 Group IV 0000515941 Nov-2005 01-May-2004 WI 79.97 142,350.00 Group IV 0000528503 Sep-2005 01-May-2004 IL 93.00 185,070.00 Group IV 0000546500 Sep-2005 01-Jun-2004 MA 90.00 387,000.00 Group IV 0000556291 Mar-2005 01-Aug-2004 CO 80.00 217,600.00 Group V 0000556558 Nov-2005 01-Jul-2004 TX 80.00 192,800.00 Group V 0000566501 Sep-2005 01-Aug-2004 IL 90.00 117,000.00 Group V 0000574168 Nov-2005 01-Aug-2004 MD 79.80 241,000.00
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 0000515152 74,604.76 01-Dec-2004 9 6.125% 3,911.93 Group I 0000552678 475,157.76 01-Jul-2004 14 6.625% 40,110.67 Group I 0000554982 57,614.18 01-May-2005 4 5.750% 1,544.06 Group I 0000572248 111,193.14 01-Oct-2004 11 6.500% 7,336.24 Group I 0000579864 438,989.41 01-Oct-2004 11 7.375% 33,722.93 Group I 0000582452 56,210.41 01-Mar-2005 6 7.125% 2,521.90 Group I 0000583397 122,898.56 01-Jan-2005 8 7.125% 6,886.73 Group II 0000461593 648,000.00 01-Jun-2004 15 4.625% 39,740.84 Group III 0000508834 489,002.43 01-Jul-2005 2 4.125% 6,302.42 Group III 0000517008 78,374.47 01-Feb-2005 7 5.875% 3,218.80 Group III 0000538596 161,412.43 01-Apr-2005 5 7.000% 6,221.26 Group III 0000548083 111,948.19 01-Jul-2005 2 6.000% 2,095.61 Group III 0000557988 498,879.82 01-Sep-2004 12 7.500% 41,983.79 Group III 0000582821 103,217.47 01-Mar-2005 6 7.125% 4,630.87 Group III 0000583818 498,538.59 01-Nov-2004 10 7.625% 36,613.43 Group IV 0000407144 118,033.38 01-Nov-2004 10 6.750% 7,486.88 Group IV 0000511147 129,805.03 01-Jul-2005 2 6.250% 2,538.03 Group IV 0000515941 140,722.34 01-Feb-2005 7 5.375% 5,251.81 Group IV 0000528503 182,841.99 01-Mar-2005 6 5.625% 6,373.70 Group IV 0000546500 384,539.12 01-Feb-2005 7 7.875% 21,925.23 Group IV 0000556291 216,595.03 01-Nov-2004 10 5.250% 10,489.88 Group V 0000556558 191,013.94 01-Apr-2005 5 6.500% 6,943.74 Group V 0000566501 116,128.55 01-May-2005 4 7.625% 4,273.86 Group V 0000574168 238,657.52 01-Jul-2005 2 7.250% 5,561.75
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.258212% Weighted Average Net Coupon 4.951432% Weighted Average Pass-Through Rate 4.951432% Weighted Average Maturity(Stepdown Calculation) 341 Beginning Scheduled Collateral Loan Count 3,234 Number Of Loans Paid In Full 125 Ending Scheduled Collateral Loan Count 3,109 Beginning Scheduled Collateral Balance 839,719,239.96 Ending Scheduled Collateral Balance 807,523,316.49 Ending Actual Collateral Balance at 31-Oct-2005 807,978,119.52 Monthly P&I Constant 4,145,484.28 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 508,044.91 Cumulative Realized Loss 563,951.98 Scheduled Principal 465,965.90 Unscheduled Principal 31,729,957.57 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,523,437.16 Overcollateralized Amount 5,384,715.36 Overcollateralized Deficiency Amount 138,721.80 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 369,323.11
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.771692 4.279828 5.698084 Weighted Average Net Rate 5.437458 3.988470 5.358277 Weighted Average Maturity 342 341 343 Beginning Loan Count 664 405 394 Loans Paid In Full 41 15 12 Ending Loan Count 623 390 382 Beginning Scheduled Balance 162,003,733.70 134,207,084.30 82,910,644.54 Ending Scheduled Balance 152,415,374.47 128,934,025.15 79,309,765.31 Record Date 10/31/2005 10/31/2005 10/31/2005 Principal And Interest Constant 845,096.71 522,939.62 467,072.56 Scheduled Principal 65,900.30 44,286.87 73,379.38 Unscheduled Principal 9,522,458.93 5,228,772.28 3,527,499.85 Scheduled Interest 779,196.41 478,652.75 393,693.18 Servicing Fees 45,122.67 32,585.27 23,478.04 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 734,073.74 446,067.48 370,215.14 Realized Loss Amount 192,318.94 0.00 0.00 Cumulative Realized Loss 248,226.01 0.00 0.00 Percentage of Cumulative Losses 0.0600 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.437458 3.988470 5.358277
Group Level Collateral Statement Group Group IV Group V Total Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 5.054752 6.677311 5.258212 Weighted Average Net Rate 4.751584 6.427311 4.951432 Weighted Average Maturity 342 323 341 Beginning Loan Count 1,363 408 3,234 Loans Paid In Full 42 15 125 Ending Loan Count 1,321 393 3,109 Beginning Scheduled Balance 395,661,011.58 64,936,765.84 839,719,239.96 Ending scheduled Balance 384,475,998.17 62,388,153.39 807,523,316.49 Record Date 10/31/2005 10/31/2005 10/31/2005 Principal And Interest Constant 1,869,203.11 441,172.28 4,145,484.28 Scheduled Principal 202,562.89 79,836.46 465,965.90 Unscheduled Principal 10,982,450.52 2,468,775.99 31,729,957.57 Scheduled Interest 1,666,640.22 361,335.82 3,679,518.38 Servicing Fees 99,959.81 13,528.49 214,674.28 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 1,566,680.41 347,807.33 3,464,844.10 Realized Loss Amount 212,943.49 102,782.48 508,044.91 Cumulative Realized Loss 212,943.49 102,782.48 563,951.98 Percentage of Cumulative Losses 0.0395 0.1071 0.0408 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.751584 6.427311 4.951432
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 40 9,870,240.00 9,045,842.34 0 0.00 0.00 Group II 15 5,560,400.00 5,206,092.89 0 0.00 0.00 Group III 12 3,571,100.00 3,525,905.24 0 0.00 0.00 Group IV 41 10,680,595.00 10,600,349.71 0 0.00 0.00 Group V 14 2,366,580.00 2,323,315.20 0 0.00 0.00 Total 122 32,048,915.00 30,701,505.38 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 1 247,500.00 244,404.59 232,196.00 Group II 0 0.00 0.00 0 0.00 0.00 24,202.90 Group III 0 0.00 0.00 0 0.00 0.00 1,594.62 Group IV 0 0.00 0.00 1 283,500.00 279,273.93 285,300.38 Group V 0 0.00 0.00 1 139,000.00 137,095.06 8,365.73 Total 0 0.00 0.00 3 670,000.00 660,773.58 551,659.63
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I 0000493873 IL 75.00 01-May-2004 97,500.00 95,666.45 Group I 0000513115 OH 95.00 01-May-2004 181,075.00 177,257.01 Group I 0000514434 VA 80.00 01-Jun-2004 227,200.00 222,611.11 Group I 0000519982 UT 89.91 01-May-2004 107,900.00 104,958.70 Group I 0000521654 IL 95.00 01-May-2004 192,850.00 189,159.66 Group I 0000529804 IL 65.81 01-May-2004 168,500.00 164,376.18 Group I 0000533492 IL 94.94 01-May-2004 167,500.00 164,367.48 Group I 0000535473 IL 80.00 01-Jun-2004 304,000.00 297,194.51 Group I 0000537313 IL 95.00 01-Jun-2004 148,626.00 145,874.36 Group I 0000539487 PA 76.48 01-Jul-2004 103,249.00 102,896.53 Group I 0000541474 MD 80.00 01-Jul-2004 156,000.00 155,909.50 Group I 0000545643 MD 75.44 01-Jun-2004 433,000.00 431,989.34 Group I 0000551850 CA 70.00 01-Jul-2004 700,000.00 700,000.00 Group I 0000553190 WI 95.00 01-Jun-2004 227,900.00 222,642.09 Group I 0000554204 IL 95.00 01-Jun-2004 307,800.00 301,721.77 Group I 0000554270 IL 80.00 01-Jul-2004 160,000.00 157,291.90 Group I 0000557396 MI 85.00 01-Jun-2004 124,100.00 122,107.81 Group I 0000559069 VA 95.00 01-Jun-2004 179,550.00 176,273.97 Group I 0000559335 CO 76.37 01-Jul-2004 262,000.00 147,438.08 Group I 0000561265 OR 80.00 01-Jul-2004 101,600.00 101,600.00 Group I 0000562966 FL 79.86 01-Jul-2004 180,000.00 178,703.51 Group I 0000563303 IL 90.00 01-Jul-2004 180,900.00 178,361.10 Group I 0000564138 IL 78.79 01-Jul-2004 260,000.00 258,733.26 Group I 0000564587 TN 70.19 01-Jul-2004 523,000.00 523,000.00 Group I 0000564752 MA 80.00 01-Aug-2004 594,400.00 2,024.46 Group I 0000565420 CO 48.13 01-Jul-2004 154,000.00 120,000.00 Group I 0000567189 CO 49.38 01-Jul-2004 202,450.00 194,470.62 Group I 0000567342 CA 80.00 01-Aug-2004 552,000.00 549,512.48 Group I 0000571651 CO 80.00 01-Jul-2004 212,000.00 209,400.00 Group I 0000572532 AZ 80.00 01-Jul-2004 107,200.00 105,583.16 Group I 0000574545 NC 78.91 01-Jul-2004 217,000.00 214,586.04 Group I 0000575520 MD 95.00 01-Aug-2004 74,100.00 73,150.76 Group I 0000578152 WA 80.00 01-Jul-2004 136,800.00 136,782.00 Group I 0000579601 CA 77.04 01-Aug-2004 520,000.00 520,000.00 Group I 0000582685 VA 80.00 01-Aug-2004 208,000.00 203,228.80 Group I 0000583598 NY 90.00 01-Aug-2004 247,500.00 244,404.59 Group I 0000583954 NM 80.00 01-Aug-2004 145,840.00 145,079.27 Group I 0035080203 AZ 90.97 01-Feb-2004 159,200.00 159,131.37 Group I 0035091954 CA 80.00 01-Mar-2004 236,000.00 236,000.00 Group I 0037230932 SC 80.00 01-Mar-2004 292,000.00 291,999.48 Group I 0042144917 MA 40.36 01-Feb-2004 565,000.00 564,775.58 Group II 0000459685 OR 40.34 01-Feb-2004 322,700.00 312,816.28 Group II 0000492896 NJ 80.00 01-May-2004 497,200.00 497,200.00 Group II 0000514796 VA 80.00 01-May-2004 224,000.00 223,673.72 Group II 0000531874 IL 80.00 01-Jun-2004 304,000.00 303,924.64 Group II 0000535317 NY 57.61 01-Jul-2004 390,000.00 377,150.46 Group II 0000540193 WA 80.00 01-Jun-2004 240,000.00 240,000.00 Group II 0000547017 FL 80.00 01-Jun-2004 472,000.00 467,249.07 Group II 0000547860 AZ 76.41 01-Jun-2004 649,500.00 649,500.00 Group II 0000548700 MD 73.80 01-Jun-2004 620,000.00 598,375.93 Group II 0000556938 CT 21.04 01-Aug-2004 400,000.00 99,485.58 Group II 0000566450 IL 75.00 01-Jul-2004 180,000.00 176,239.33 Group II 0000573767 AZ 75.76 01-Jul-2004 500,000.00 499,976.29 Group II 0000574183 NV 80.00 01-Aug-2004 148,000.00 147,685.10 Group II 0000577748 CA 80.00 01-Jul-2004 300,000.00 300,000.00 Group II 0000582723 CA 79.63 01-Aug-2004 313,000.00 311,292.98 Group III 0000494360 IL 75.00 01-Jun-2004 213,750.00 209,432.75 Group III 0000534082 AZ 72.12 01-May-2004 408,050.00 400,164.79 Group III 0000538056 IL 95.00 01-Jun-2004 217,550.00 213,350.14 Group III 0000538767 MD 91.62 01-Jun-2004 261,150.00 254,434.51 Group III 0000541726 IL 90.00 01-Jun-2004 336,600.00 330,415.59 Group III 0000550489 IL 80.00 01-Jun-2004 456,000.00 447,779.27 Group III 0000552673 FL 80.00 01-Jun-2004 74,000.00 72,784.08 Group III 0000560782 VA 83.72 01-Jun-2004 359,900.00 359,900.00 Group III 0000562955 NY 61.11 01-Jul-2004 165,000.00 161,870.35 Group III 0000571040 NV 80.00 01-Jul-2004 208,000.00 204,791.69 Group III 0000578599 MD 79.87 01-Jul-2004 227,600.00 227,482.06 Group III 0000582629 AZ 65.00 01-Aug-2004 643,500.00 643,500.00 Group IV 0000473777 NC 79.58 01-May-2004 117,000.00 114,274.83 Group IV 0000509497 AZ 80.00 01-Jul-2004 143,120.00 143,114.07 Group IV 0000518704 IL 80.00 01-May-2004 312,000.00 306,298.29 Group IV 0000522296 VA 90.00 01-May-2004 76,500.00 74,860.50 Group IV 0000523343 NV 95.00 01-May-2004 185,250.00 181,623.07 Group IV 0000527067 IL 74.30 01-Jun-2004 405,000.00 395,081.11 Group IV 0000528186 IL 62.18 01-Jun-2004 171,000.00 167,843.58 Group IV 0000528497 NV 66.66 01-May-2004 649,900.00 649,900.00 Group IV 0000528504 CA 80.00 01-Jun-2004 480,000.00 480,000.00 Group IV 0000528889 AZ 75.00 01-Jun-2004 131,250.00 128,773.04 Group IV 0000533111 IL 86.79 01-Jun-2004 230,000.00 225,420.88 Group IV 0000534992 IL 95.00 01-Jun-2004 270,750.00 266,196.02 Group IV 0000537360 PA 72.33 01-Jul-2004 759,500.00 759,500.00 Group IV 0000537495 VA 80.00 01-Aug-2004 316,840.00 316,840.00 Group IV 0000539459 AZ 80.00 01-May-2004 125,600.00 125,600.00 Group IV 0000540017 CO 80.00 01-Jun-2004 132,000.00 131,508.12 Group IV 0000540977 VA 80.00 01-Jun-2004 396,000.00 386,404.28 Group IV 0000549284 IL 90.00 01-Jun-2004 265,500.00 258,922.51 Group IV 0000549314 AZ 80.00 01-Jul-2004 127,200.00 127,102.58 Group IV 0000549375 OR 70.00 01-Jul-2004 178,500.00 174,212.85 Group IV 0000550557 IL 90.00 01-Jul-2004 112,500.00 110,921.15 Group IV 0000550967 CA 80.00 01-Jun-2004 422,400.00 422,400.00 Group IV 0000553788 AZ 85.00 01-Jun-2004 91,375.00 89,873.48 Group IV 0000555913 NJ 80.00 01-Aug-2004 184,000.00 183,602.62 Group IV 0000557372 VA 80.00 01-Jul-2004 172,000.00 171,974.67 Group IV 0000558567 AZ 80.00 01-Jul-2004 110,800.00 109,060.35 Group IV 0000561379 MD 80.00 01-Aug-2004 144,000.00 143,800.00 Group IV 0000564058 IL 95.00 01-Jul-2004 185,250.00 420.65 Group IV 0000564147 MD 80.00 01-Jul-2004 128,000.00 128,000.00 Group IV 0000565980 NC 80.00 01-Jul-2004 114,400.00 114,339.99 Group IV 0000568193 MO 90.00 01-Aug-2004 283,500.00 279,273.93 Group IV 0000568317 CO 56.84 01-Jul-2004 133,000.00 130,638.52 Group IV 0000568847 CA 95.00 01-Aug-2004 399,000.00 393,245.76 Group IV 0000571913 MD 80.00 01-Jul-2004 248,000.00 247,879.47 Group IV 0000573071 CA 80.00 01-Jul-2004 490,400.00 490,087.17 Group IV 0000573527 CA 80.00 01-Jul-2004 880,000.00 880,000.00 Group IV 0000574632 FL 95.00 01-Aug-2004 228,000.00 224,633.88 Group IV 0000578483 VA 74.23 01-Aug-2004 245,000.00 245,000.00 Group IV 0000579052 KY 80.00 01-Jul-2004 74,000.00 73,850.41 Group IV 0000582130 OH 62.27 01-Aug-2004 53,560.00 52,672.36 Group IV 0000582425 CA 78.52 01-Jul-2004 600,000.00 600,000.00 Group IV 0000582669 AZ 80.00 01-Aug-2004 192,000.00 192,000.00 Group V 0000545805 NC 59.70 01-Jul-2004 118,500.00 116,584.92 Group V 0000546696 PA 80.00 01-Jul-2004 144,000.00 141,778.91 Group V 0000553620 MD 80.00 01-Jul-2004 316,000.00 311,125.83 Group V 0000559287 CA 70.00 01-Jul-2004 196,000.00 192,976.88 Group V 0000560944 MD 62.86 01-Jul-2004 88,000.00 82,720.19 Group V 0000561883 IL 77.73 01-Jul-2004 199,000.00 195,905.72 Group V 0000562166 AZ 80.00 01-Aug-2004 196,000.00 193,230.38 Group V 0000565601 NV 32.00 01-Jul-2004 104,000.00 97,999.82 Group V 0000568145 NJ 79.94 01-Jul-2004 135,100.00 132,477.28 Group V 0000568926 MO 90.00 01-Aug-2004 171,900.00 169,644.69 Group V 0000571237 FL 69.80 01-Jul-2004 185,000.00 182,403.46 Group V 0000582326 SC 94.33 01-Jul-2004 139,000.00 137,095.06 Group V 0000582829 MD 80.00 01-Aug-2004 256,000.00 252,586.96 Group V 0000584133 CA 58.33 01-Aug-2004 175,000.00 172,755.04 Group V 0000588372 TX 95.00 01-Aug-2004 82,080.00 81,125.12
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I 0000493873 Loan Paid in Full 0 6.000% 360 18 Group I 0000513115 Loan Paid in Full 0 5.500% 360 18 Group I 0000514434 Loan Paid in Full 0 5.250% 360 17 Group I 0000519982 Loan Paid in Full 0 3.875% 360 18 Group I 0000521654 Loan Paid in Full 0 5.875% 360 18 Group I 0000529804 Loan Paid in Full (1) 4.500% 360 18 Group I 0000533492 Loan Paid in Full 0 6.000% 360 18 Group I 0000535473 Loan Paid in Full 0 5.125% 360 17 Group I 0000537313 Loan Paid in Full (1) 5.750% 360 17 Group I 0000539487 Loan Paid in Full 0 4.500% 360 17 Group I 0000541474 Loan Paid in Full 0 4.750% 360 17 Group I 0000545643 Loan Paid in Full 0 5.625% 360 17 Group I 0000551850 Loan Paid in Full (1) 5.125% 360 17 Group I 0000553190 Loan Paid in Full 0 4.500% 360 17 Group I 0000554204 Loan Paid in Full 0 5.375% 360 17 Group I 0000554270 Loan Paid in Full 0 5.875% 360 17 Group I 0000557396 Loan Paid in Full 0 6.500% 360 17 Group I 0000559069 Loan Paid in Full 0 5.875% 360 17 Group I 0000559335 Loan Paid in Full 0 5.250% 360 17 Group I 0000561265 Loan Paid in Full 0 6.125% 360 17 Group I 0000562966 Loan Paid in Full 0 5.500% 360 17 Group I 0000563303 Loan Paid in Full 0 6.875% 360 17 Group I 0000564138 Loan Paid in Full 0 6.125% 360 17 Group I 0000564587 Loan Paid in Full 0 4.750% 360 17 Group I 0000564752 Loan Paid in Full 0 5.625% 360 17 Group I 0000565420 Loan Paid in Full 0 6.125% 360 17 Group I 0000567189 Loan Paid in Full (1) 6.500% 360 17 Group I 0000567342 Loan Paid in Full (1) 5.750% 360 17 Group I 0000571651 Loan Paid in Full 0 5.625% 360 17 Group I 0000572532 Loan Paid in Full (1) 6.500% 360 17 Group I 0000574545 Loan Paid in Full (1) 5.750% 360 16 Group I 0000575520 Loan Paid in Full 0 7.000% 360 17 Group I 0000578152 Loan Paid in Full 0 5.750% 360 17 Group I 0000579601 Loan Paid in Full 0 5.500% 360 17 Group I 0000582685 Loan Paid in Full 0 5.500% 360 17 Group I 0000583598 Liquidation 13 7.125% 360 17 Group I 0000583954 Loan Paid in Full (1) 5.750% 360 17 Group I 0035080203 Loan Paid in Full 0 5.750% 360 21 Group I 0035091954 Loan Paid in Full 0 6.000% 360 20 Group I 0037230932 Loan Paid in Full 0 6.000% 360 20 Group I 0042144917 Loan Paid in Full 0 5.750% 360 21 Group II 0000459685 Loan Paid in Full 0 4.125% 360 21 Group II 0000492896 Loan Paid in Full (1) 4.375% 360 18 Group II 0000514796 Loan Paid in Full 0 4.375% 360 18 Group II 0000531874 Loan Paid in Full (1) 4.000% 360 17 Group II 0000535317 Loan Paid in Full 0 3.875% 360 17 Group II 0000540193 Loan Paid in Full 0 3.625% 360 17 Group II 0000547017 Loan Paid in Full (1) 3.875% 360 17 Group II 0000547860 Loan Paid in Full 0 4.375% 360 17 Group II 0000548700 Loan Paid in Full 0 4.250% 360 17 Group II 0000556938 Loan Paid in Full (1) 4.125% 360 17 Group II 0000566450 Loan Paid in Full 0 4.875% 360 17 Group II 0000573767 Loan Paid in Full 0 4.500% 360 17 Group II 0000574183 Loan Paid in Full 0 4.875% 360 17 Group II 0000577748 Loan Paid in Full (1) 4.375% 360 17 Group II 0000582723 Loan Paid in Full 0 4.625% 360 17 Group III 0000494360 Loan Paid in Full 0 5.250% 360 17 Group III 0000534082 Loan Paid in Full 0 6.125% 360 18 Group III 0000538056 Loan Paid in Full 0 5.500% 360 17 Group III 0000538767 Loan Paid in Full 0 5.750% 360 17 Group III 0000541726 Loan Paid in Full 0 5.875% 360 17 Group III 0000550489 Loan Paid in Full 0 5.875% 360 17 Group III 0000552673 Loan Paid in Full 0 6.375% 360 17 Group III 0000560782 Loan Paid in Full 0 6.250% 360 17 Group III 0000562955 Loan Paid in Full 0 5.250% 360 17 Group III 0000571040 Loan Paid in Full 0 6.375% 360 17 Group III 0000578599 Loan Paid in Full 0 6.375% 360 17 Group III 0000582629 Loan Paid in Full 0 5.625% 360 17 Group IV 0000473777 Loan Paid in Full 0 5.250% 360 18 Group IV 0000509497 Loan Paid in Full 0 4.625% 360 17 Group IV 0000518704 Loan Paid in Full 0 6.125% 360 18 Group IV 0000522296 Loan Paid in Full (1) 5.250% 360 18 Group IV 0000523343 Loan Paid in Full 0 5.750% 360 18 Group IV 0000527067 Loan Paid in Full 0 4.750% 360 17 Group IV 0000528186 Loan Paid in Full 1 5.750% 360 17 Group IV 0000528497 Loan Paid in Full (1) 4.125% 360 18 Group IV 0000528504 Loan Paid in Full 0 3.875% 360 17 Group IV 0000528889 Loan Paid in Full 0 5.625% 360 17 Group IV 0000533111 Loan Paid in Full 0 5.375% 360 17 Group IV 0000534992 Loan Paid in Full 0 6.250% 360 17 Group IV 0000537360 Loan Paid in Full 0 4.750% 360 17 Group IV 0000537495 Loan Paid in Full 0 5.250% 360 17 Group IV 0000539459 Loan Paid in Full 0 4.250% 360 18 Group IV 0000540017 Loan Paid in Full 0 4.375% 360 17 Group IV 0000540977 Loan Paid in Full (1) 4.500% 360 17 Group IV 0000549284 Loan Paid in Full 0 5.250% 360 17 Group IV 0000549314 Loan Paid in Full 0 4.625% 360 17 Group IV 0000549375 Loan Paid in Full (1) 4.625% 360 17 Group IV 0000550557 Loan Paid in Full 0 6.875% 360 17 Group IV 0000550967 Loan Paid in Full 0 4.625% 360 17 Group IV 0000553788 Loan Paid in Full 0 6.375% 360 17 Group IV 0000555913 Loan Paid in Full 0 4.875% 360 17 Group IV 0000557372 Loan Paid in Full 0 5.750% 360 17 Group IV 0000558567 Loan Paid in Full 0 5.125% 360 17 Group IV 0000561379 Loan Paid in Full 0 5.125% 360 17 Group IV 0000564058 Loan Paid in Full 0 7.375% 360 17 Group IV 0000564147 Loan Paid in Full 0 6.125% 360 16 Group IV 0000565980 Loan Paid in Full 0 5.250% 360 17 Group IV 0000568193 Liquidation 7 6.250% 360 17 Group IV 0000568317 Loan Paid in Full 0 5.625% 360 17 Group IV 0000568847 Loan Paid in Full 0 6.375% 360 17 Group IV 0000571913 Loan Paid in Full 0 6.000% 360 17 Group IV 0000573071 Loan Paid in Full 0 5.250% 360 17 Group IV 0000573527 Loan Paid in Full 0 5.500% 360 17 Group IV 0000574632 Loan Paid in Full 0 6.250% 360 17 Group IV 0000578483 Loan Paid in Full 0 5.500% 360 17 Group IV 0000579052 Loan Paid in Full 0 6.500% 360 17 Group IV 0000582130 Loan Paid in Full 0 5.625% 360 17 Group IV 0000582425 Loan Paid in Full 0 5.375% 360 17 Group IV 0000582669 Loan Paid in Full 0 6.500% 360 17 Group V 0000545805 Loan Paid in Full 0 6.125% 360 17 Group V 0000546696 Loan Paid in Full 0 6.375% 360 17 Group V 0000553620 Loan Paid in Full (1) 6.375% 360 17 Group V 0000559287 Loan Paid in Full 0 6.375% 360 17 Group V 0000560944 Loan Paid in Full 0 5.375% 180 17 Group V 0000561883 Loan Paid in Full (1) 6.750% 360 17 Group V 0000562166 Loan Paid in Full 0 6.500% 360 17 Group V 0000565601 Loan Paid in Full 0 5.875% 180 17 Group V 0000568145 Loan Paid in Full 0 6.625% 360 17 Group V 0000568926 Loan Paid in Full 0 6.875% 360 17 Group V 0000571237 Loan Paid in Full 0 6.875% 360 17 Group V 0000582326 Liquidation 10 7.000% 360 17 Group V 0000582829 Loan Paid in Full 0 6.875% 360 17 Group V 0000584133 Loan Paid in Full 0 7.000% 360 17 Group V 0000588372 Loan Paid in Full 0 7.500% 360 17
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 3.781% Current Month 37.028% Current Month 1,064.063% 3 Month Average 3.974% 3 Month Average 38.359% 3 Month Average 1,177.445% 12 Month Average 4.613% 12 Month Average 35.381% 12 Month Average 1,572.803% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Dec-2004 27.554% N/A Dec-2004 2,236.115% N/A Jan-2005 32.489% N/A Jan-2005 2,206.082% N/A Feb-2005 25.019% N/A Feb-2005 1,492.985% N/A Mar-2005 24.857% N/A Mar-2005 1,363.511% N/A Apr-2005 33.167% N/A Apr-2005 1,591.013% N/A May-2005 36.908% N/A May-2005 1,615.735% N/A Jun-2005 39.153% 25.731% Jun-2005 1,576.507% 2,167.055% Jul-2005 48.133% 29.423% Jul-2005 1,794.312% 2,182.386% Aug-2005 42.214% 31.844% Aug-2005 1,465.043% 2,040.991% Sep-2005 44.690% 33.894% Sep-2005 1,450.920% 1,884.487% Oct-2005 33.360% 34.668% Oct-2005 1,017.353% 1,718.693% Nov-2005 37.028% 35.381% Nov-2005 1,064.063% 1,572.803% *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 5.880% Current Month 51.676% Current Month 1,444.894% 3 Month Average 6.934% 3 Month Average 57.457% 3 Month Average 1,715.658% 12 Month Average 8.306% 12 Month Average 54.955% 12 Month Average 2,406.663% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Dec-2004 42.697% N/A Dec-2004 3,423.148% N/A Jan-2005 55.368% N/A Jan-2005 3,612.376% N/A Feb-2005 45.084% N/A Feb-2005 2,587.352% N/A Mar-2005 41.846% N/A Mar-2005 2,273.243% N/A Apr-2005 53.690% N/A Apr-2005 2,483.496% N/A May-2005 55.891% N/A May-2005 2,359.160% N/A Jun-2005 65.161% 43.596% Jun-2005 2,534.560% 3,770.807% Jul-2005 71.498% 48.904% Jul-2005 2,580.094% 3,728.143% Aug-2005 55.861% 51.525% Aug-2005 1,879.554% 3,392.598% Sep-2005 64.662% 53.547% Sep-2005 2,040.782% 2,995.458% Oct-2005 56.032% 54.554% Oct-2005 1,661.297% 2,671.871% Nov-2005 51.676% 54.955% Nov-2005 1,444.894% 2,406.663% *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 3.897% Current Month 37.938% Current Month 1,090.149% 3 Month Average 3.913% 3 Month Average 37.946% 3 Month Average 1,163.179% 12 Month Average 3.791% 12 Month Average 28.163% 12 Month Average 1,172.873% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Dec-2004 14.882% N/A Dec-2004 1,194.488% N/A Jan-2005 23.828% N/A Jan-2005 1,616.263% N/A Feb-2005 10.368% N/A Feb-2005 619.512% N/A Mar-2005 15.825% N/A Mar-2005 852.750% N/A Apr-2005 14.191% N/A Apr-2005 682.629% N/A May-2005 33.336% N/A May-2005 1,464.587% N/A Jun-2005 29.027% 15.382% Jun-2005 1,172.508% 1,197.788% Jul-2005 42.378% 18.579% Jul-2005 1,582.628% 1,199.293% Aug-2005 40.288% 21.381% Aug-2005 1,399.578% 1,191.272% Sep-2005 42.721% 24.609% Sep-2005 1,387.851% 1,254.485% Oct-2005 33.178% 26.188% Oct-2005 1,011.535% 1,196.445% Nov-2005 37.938% 28.163% Nov-2005 1,090.149% 1,172.873% *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 4.258% Current Month 40.679% Current Month 1,188.777% 3 Month Average 3.813% 3 Month Average 36.913% 3 Month Average 1,149.730% 12 Month Average 4.757% 12 Month Average 36.755% 12 Month Average 1,709.346% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Dec-2004 32.992% N/A Dec-2004 2,818.727% N/A Jan-2005 36.057% N/A Jan-2005 2,548.534% N/A Feb-2005 25.107% N/A Feb-2005 1,550.435% N/A Mar-2005 27.318% N/A Mar-2005 1,549.886% N/A Apr-2005 35.712% N/A Apr-2005 1,760.618% N/A May-2005 40.456% N/A May-2005 1,815.091% N/A Jun-2005 34.464% 28.496% Jun-2005 1,419.169% 2,696.829% Jul-2005 47.261% 32.141% Jul-2005 1,798.712% 2,683.993% Aug-2005 50.957% 35.129% Aug-2005 1,801.791% 2,477.811% Sep-2005 43.361% 36.588% Sep-2005 1,431.758% 2,195.536% Oct-2005 26.699% 36.258% Oct-2005 828.656% 1,916.150% Nov-2005 40.679% 36.755% Nov-2005 1,188.777% 1,709.346% *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 2.777% Current Month 28.678% Current Month 834.990% 3 Month Average 2.811% 3 Month Average 28.860% 3 Month Average 898.039% 12 Month Average 3.095% 12 Month Average 24.950% 12 Month Average 1,106.336% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Dec-2004 19.020% N/A Dec-2004 1,570.465% N/A Jan-2005 16.794% N/A Jan-2005 1,174.863% N/A Feb-2005 16.437% N/A Feb-2005 1,007.790% N/A Mar-2005 15.094% N/A Mar-2005 842.525% N/A Apr-2005 26.640% N/A Apr-2005 1,307.290% N/A May-2005 25.904% N/A May-2005 1,157.855% N/A Jun-2005 26.359% 15.730% Jun-2005 1,081.613% 1,218.383% Jul-2005 34.628% 18.503% Jul-2005 1,313.314% 1,274.892% Aug-2005 31.940% 20.642% Aug-2005 1,126.204% 1,239.299% Sep-2005 34.052% 22.798% Sep-2005 1,121.752% 1,218.242% Oct-2005 23.849% 24.034% Oct-2005 737.374% 1,184.671% Nov-2005 28.678% 24.950% Nov-2005 834.990% 1,106.336% *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 V SMM CPR PSA Current Month 3.806% Current Month 37.230% Current Month 1,035.094% 3 Month Average 3.591% 3 Month Average 35.109% 3 Month Average 1,041.306% 12 Month Average 3.893% 12 Month Average 29.917% 12 Month Average 1,236.025% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Dec-2004 25.159% N/A Dec-2004 1,857.387% N/A Jan-2005 22.486% N/A Jan-2005 1,420.063% N/A Feb-2005 16.710% N/A Feb-2005 936.505% N/A Mar-2005 26.507% N/A Mar-2005 1,351.461% N/A Apr-2005 18.047% N/A Apr-2005 822.832% N/A May-2005 25.851% N/A May-2005 1,084.680% N/A Jun-2005 29.092% 17.819% Jun-2005 1,124.823% 1,202.678% Jul-2005 42.428% 21.352% Jul-2005 1,521.292% 1,328.702% Aug-2005 47.391% 24.584% Aug-2005 1,589.338% 1,327.690% Sep-2005 43.314% 27.829% Sep-2005 1,357.603% 1,390.452% Oct-2005 24.784% 28.416% Oct-2005 731.222% 1,291.374% Nov-2005 37.230% 29.917% Nov-2005 1,035.094% 1,236.025% *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 1 247,500.00 192,318.94 0.126% Group II 0 0.00 0.00 0.000% Group III 0 0.00 0.00 0.000% Group IV 1 281,826.09 212,943.49 0.055% Group V 1 138,540.25 102,782.48 0.165% Total 3 667,866.34 508,044.91 0.063%
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 Group I 0000583598 247,500.00 7.1250% NY 90.00 360 Group IV 0000568193 283,500.00 6.2500% MO 90.00 360 Group V 0000582326 139,000.00 7.0000% SC 94.33 360
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) Group I 0000583598 247,500.00 192,318.94 192,318.94 Group IV 0000568193 281,826.09 212,943.49 212,943.49 Group V 0000582326 138,540.25 102,782.48 102,782.48
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.079% Current Month 2.702% 3 Month Average 0.026% 3 Month Average 0.901% 12 Month Average 0.007% 12 Month Average 0.276% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 0.009% N/A Mar-2005 0.613% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% 0.001% Jun-2005 0.000% 0.051% Jul-2005 0.000% 0.001% Jul-2005 0.000% 0.051% Aug-2005 0.000% 0.001% Aug-2005 0.000% 0.051% Sep-2005 0.000% 0.001% Sep-2005 0.000% 0.051% Oct-2005 0.000% 0.001% Oct-2005 0.000% 0.051% Nov-2005 0.079% 0.007% Nov-2005 2.702% 0.276% *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 0.940% Current Month 76.886% 3 Month Average 0.313% 3 Month Average 25.629% 12 Month Average 0.088% 12 Month Average 10.709% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 0.112% N/A Mar-2005 51.624% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% 0.009% Jun-2005 0.000% 4.302% Jul-2005 0.000% 0.009% Jul-2005 0.000% 4.302% Aug-2005 0.000% 0.009% Aug-2005 0.000% 4.302% Sep-2005 0.000% 0.009% Sep-2005 0.000% 4.302% Oct-2005 0.000% 0.009% Oct-2005 0.000% 4.302% Nov-2005 0.940% 0.088% Nov-2005 76.886% 10.709% *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 0.151% Current Month 5.020% 3 Month Average 0.050% 3 Month Average 1.673% 12 Month Average 0.016% 12 Month Average 0.618% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 0.037% N/A Mar-2005 2.395% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% 0.003% Jun-2005 0.000% 0.200% Jul-2005 0.000% 0.003% Jul-2005 0.000% 0.200% Aug-2005 0.000% 0.003% Aug-2005 0.000% 0.200% Sep-2005 0.000% 0.003% Sep-2005 0.000% 0.200% Oct-2005 0.000% 0.003% Oct-2005 0.000% 0.200% Nov-2005 0.151% 0.016% Nov-2005 5.020% 0.618% *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 1.795% Current Month 78.689% 3 Month Average 0.598% 3 Month Average 26.230% 12 Month Average 0.186% 12 Month Average 10.859% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 0.441% N/A Mar-2005 51.624% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% 0.037% Jun-2005 0.000% 4.302% Jul-2005 0.000% 0.037% Jul-2005 0.000% 4.302% Aug-2005 0.000% 0.037% Aug-2005 0.000% 4.302% Sep-2005 0.000% 0.037% Sep-2005 0.000% 4.302% Oct-2005 0.000% 0.037% Oct-2005 0.000% 4.302% Nov-2005 1.795% 0.186% Nov-2005 78.689% 10.859% *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. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.000% 0.000% Nov-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. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.000% 0.000% Nov-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. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.000% 0.000% Nov-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. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.000% 0.000% Nov-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 0.071% Current Month 2.457% 3 Month Average 0.024% 3 Month Average 0.819% 12 Month Average 0.006% 12 Month Average 0.205% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.071% 0.006% Nov-2005 2.457% 0.205% *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 0.844% Current Month 76.249% 3 Month Average 0.281% 3 Month Average 25.416% 12 Month Average 0.070% 12 Month Average 6.354% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.844% 0.070% Nov-2005 76.249% 6.354% *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 V MDR SDA Current Month 0.211% Current Month 6.962% 3 Month Average 0.070% 3 Month Average 2.321% 12 Month Average 0.018% 12 Month Average 0.580% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 0.211% 0.018% Nov-2005 6.962% 0.580% *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 2.504% Current Month 74.972% 3 Month Average 0.835% 3 Month Average 24.991% 12 Month Average 0.209% 12 Month Average 6.248% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A 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% Oct-2005 0.000% 0.000% Oct-2005 0.000% 0.000% Nov-2005 2.504% 0.209% Nov-2005 74.972% 6.248% *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)