-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NTXw2KXq1bdDoGDE0XVOzsTUCqLGOXOg5sWO20OhUa10WNq+oSuLaEpXp62XjibR dLUx4EwLb4Ce6KTeF3JKCw== 0001056404-05-002377.txt : 20050630 0001056404-05-002377.hdr.sgml : 20050630 20050630163757 ACCESSION NUMBER: 0001056404-05-002377 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050627 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050630 DATE AS OF CHANGE: 20050630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPTION ONE MORTGAGE LOAN TRUST 2005-1 CENTRAL INDEX KEY: 0001314238 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-104020-04 FILM NUMBER: 05928915 BUSINESS ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 9497908100 MAIL ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 opt05001_10506.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): June 27, 2005 OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104020-04 54-2168025 Pooling and Servicing Agreement) (Commission 54-2168026 (State or other File Number) 54-2168027 jurisdiction 54-2168028 of Incorporation) 54-2168029 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 June 27, 2005 a distribution was made to holders of OPTION ONE MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-1 Trust, relating to the June 27, 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. OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 6/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-1 Trust, relating to the June 27, 2005 distribution. EX-99.1
Option One Mortgage Loan Trust Asset Backed Certificates Record Date: 5/31/2005 Distribution Date: 6/27/2005 Option One Mortgage Loan Trust Asset Backed Certificates Series 2005-1 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 A-1A 68389FGE8 SEN 3.34000% 187,880,114.89 575,226.29 A-1B 68389FGF5 SEN 3.42000% 46,970,028.72 147,251.04 A-2 68389FGG3 SEN 3.22000% 205,129,184.97 605,472.98 A-3 68389FGH1 SEN 3.33000% 433,281,000.00 1,322,590.25 A-4 68389FGJ7 SEN 3.49000% 94,805,000.00 303,297.00 M-1 68389FGK4 MEZ 3.61000% 52,800,000.00 174,724.00 M-2 68389FGL2 MEZ 3.63000% 22,200,000.00 73,870.50 M-3 69389FGM0 MEZ 3.69000% 13,800,000.00 46,678.50 M-4 68389FGN8 MEZ 4.09000% 13,800,000.00 51,738.50 M-5 68389FGP3 MEZ 4.34000% 21,600,000.00 85,932.00 M-6 68389FGQ1 MEZ 4.74000% 10,800,000.00 46,926.00 M-7 68389FGR9 MEZ 5.84000% 8,400,000.00 44,968.00 M-8 68389FGS7 MEZ 6.34000% 4,200,000.00 24,409.00 M-9 68389FGT5 MEZ 6.09000% 5,400,000.00 30,145.50 C OPT05001C OC 0.00000% 6,000,000.00 2,277,249.49 P OPT05001P Pre Pay 0.00000% 100.00 618,190.15 RX OPT0501R1 RES 0.00000% 0.00 0.00 R OPT0501R2 RES 0.00000% 0.00 0.00 Totals 1,127,065,428.58 6,428,669.20
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 8,614,902.65 0.00 179,265,212.24 9,190,128.94 0.00 A-1B 2,153,725.66 0.00 44,816,303.06 2,300,976.70 0.00 A-2 30,384,249.74 0.00 174,744,935.24 30,989,722.72 0.00 A-3 0.00 0.00 433,281,000.00 1,322,590.25 0.00 A-4 0.00 0.00 94,805,000.00 303,297.00 0.00 M-1 0.00 0.00 52,800,000.00 174,724.00 0.00 M-2 0.00 0.00 22,200,000.00 73,870.50 0.00 M-3 0.00 0.00 13,800,000.00 46,678.50 0.00 M-4 0.00 0.00 13,800,000.00 51,738.50 0.00 M-5 0.00 0.00 21,600,000.00 85,932.00 0.00 M-6 0.00 0.00 10,800,000.00 46,926.00 0.00 M-7 0.00 0.00 8,400,000.00 44,968.00 0.00 M-8 0.00 0.00 4,200,000.00 24,409.00 0.00 M-9 0.00 0.00 5,400,000.00 30,145.50 0.00 C 0.00 0.00 6,000,000.00 2,277,249.49 0.00 P 0.00 0.00 100.00 618,190.15 0.00 RX 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 41,152,878.05 0.00 1,085,912,550.54 47,581,547.25 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 200,000,000.00 187,880,114.89 0.00 8,614,902.65 0.00 0.00 A-1B 50,000,000.00 46,970,028.72 0.00 2,153,725.66 0.00 0.00 A-2 262,914,000.00 205,129,184.97 0.00 30,384,249.74 0.00 0.00 A-3 433,281,000.00 433,281,000.00 0.00 0.00 0.00 0.00 A-4 94,805,000.00 94,805,000.00 0.00 0.00 0.00 0.00 M-1 52,800,000.00 52,800,000.00 0.00 0.00 0.00 0.00 M-2 22,200,000.00 22,200,000.00 0.00 0.00 0.00 0.00 M-3 13,800,000.00 13,800,000.00 0.00 0.00 0.00 0.00 M-4 13,800,000.00 13,800,000.00 0.00 0.00 0.00 0.00 M-5 21,600,000.00 21,600,000.00 0.00 0.00 0.00 0.00 M-6 10,800,000.00 10,800,000.00 0.00 0.00 0.00 0.00 M-7 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 M-8 4,200,000.00 4,200,000.00 0.00 0.00 0.00 0.00 M-9 5,400,000.00 5,400,000.00 0.00 0.00 0.00 0.00 C 5,999,900.00 6,000,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,200,000,000.00 1,127,065,428.58 0.00 41,152,878.05 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 A-1A 8,614,902.65 179,265,212.24 0.89632606 8,614,902.65 A-1B 2,153,725.66 44,816,303.06 0.89632606 2,153,725.66 A-2 30,384,249.74 174,744,935.24 0.66464675 30,384,249.74 A-3 0.00 433,281,000.00 1.00000000 0.00 A-4 0.00 94,805,000.00 1.00000000 0.00 M-1 0.00 52,800,000.00 1.00000000 0.00 M-2 0.00 22,200,000.00 1.00000000 0.00 M-3 0.00 13,800,000.00 1.00000000 0.00 M-4 0.00 13,800,000.00 1.00000000 0.00 M-5 0.00 21,600,000.00 1.00000000 0.00 M-6 0.00 10,800,000.00 1.00000000 0.00 M-7 0.00 8,400,000.00 1.00000000 0.00 M-8 0.00 4,200,000.00 1.00000000 0.00 M-9 0.00 5,400,000.00 1.00000000 0.00 C 0.00 6,000,000.00 1.00001667 0.00 P 0.00 100.00 1.00000000 0.00 RX 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 41,152,878.05 1,085,912,550.54 0.90492713 41,152,878.05
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 200,000,000.00 939.40057445 0.00000000 43.07451325 0.00000000 A-1B 50,000,000.00 939.40057440 0.00000000 43.07451320 0.00000000 A-2 262,914,000.00 780.21400523 0.00000000 115.56725675 0.00000000 A-3 433,281,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 94,805,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 52,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 22,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 13,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 13,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 21,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 10,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 4,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 5,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 5,999,900.00 1000.01666694 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1A 0.00000000 43.07451325 896.32606120 0.89632606 43.07451325 A-1B 0.00000000 43.07451320 896.32606120 0.89632606 43.07451320 A-2 0.00000000 115.56725675 664.64674852 0.66464675 115.56725675 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.01666694 1.00001667 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1A 200,000,000.00 3.34000% 187,880,114.89 575,226.29 0.00 0.00 A-1B 50,000,000.00 3.42000% 46,970,028.72 147,251.04 0.00 0.00 A-2 262,914,000.00 3.22000% 205,129,184.97 605,472.98 0.00 0.00 A-3 433,281,000.00 3.33000% 433,281,000.00 1,322,590.25 0.00 0.00 A-4 94,805,000.00 3.49000% 94,805,000.00 303,297.00 0.00 0.00 M-1 52,800,000.00 3.61000% 52,800,000.00 174,724.00 0.00 0.00 M-2 22,200,000.00 3.63000% 22,200,000.00 73,870.50 0.00 0.00 M-3 13,800,000.00 3.69000% 13,800,000.00 46,678.50 0.00 0.00 M-4 13,800,000.00 4.09000% 13,800,000.00 51,738.50 0.00 0.00 M-5 21,600,000.00 4.34000% 21,600,000.00 85,932.00 0.00 0.00 M-6 10,800,000.00 4.74000% 10,800,000.00 46,926.00 0.00 0.00 M-7 8,400,000.00 5.84000% 8,400,000.00 44,968.00 0.00 0.00 M-8 4,200,000.00 6.34000% 4,200,000.00 24,409.00 0.00 0.00 M-9 5,400,000.00 6.09000% 5,400,000.00 30,145.50 0.00 0.00 C 5,999,900.00 0.00000% 6,000,000.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 RX 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,200,000,000.00 3,533,229.56 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 A-1A 0.00 0.00 575,226.29 0.00 179,265,212.24 A-1B 0.00 0.00 147,251.04 0.00 44,816,303.06 A-2 0.00 0.00 605,472.98 0.00 174,744,935.24 A-3 0.00 0.00 1,322,590.25 0.00 433,281,000.00 A-4 0.00 0.00 303,297.00 0.00 94,805,000.00 M-1 0.00 0.00 174,724.00 0.00 52,800,000.00 M-2 0.00 0.00 73,870.50 0.00 22,200,000.00 M-3 0.00 0.00 46,678.50 0.00 13,800,000.00 M-4 0.00 0.00 51,738.50 0.00 13,800,000.00 M-5 0.00 0.00 85,932.00 0.00 21,600,000.00 M-6 0.00 0.00 46,926.00 0.00 10,800,000.00 M-7 0.00 0.00 44,968.00 0.00 8,400,000.00 M-8 0.00 0.00 24,409.00 0.00 4,200,000.00 M-9 0.00 0.00 30,145.50 0.00 5,400,000.00 C 0.00 0.00 2,277,249.49 0.00 6,000,000.00 P 0.00 0.00 618,190.15 0.00 100.00 RX 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,428,669.20 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 A-1A 200,000,000.00 3.34000% 939.40057445 2.87613145 0.00000000 0.00000000 A-1B 50,000,000.00 3.42000% 939.40057440 2.94502080 0.00000000 0.00000000 A-2 262,914,000.00 3.22000% 780.21400523 2.30293168 0.00000000 0.00000000 A-3 433,281,000.00 3.33000% 1000.00000000 3.05249999 0.00000000 0.00000000 A-4 94,805,000.00 3.49000% 1000.00000000 3.19916671 0.00000000 0.00000000 M-1 52,800,000.00 3.61000% 1000.00000000 3.30916667 0.00000000 0.00000000 M-2 22,200,000.00 3.63000% 1000.00000000 3.32750000 0.00000000 0.00000000 M-3 13,800,000.00 3.69000% 1000.00000000 3.38250000 0.00000000 0.00000000 M-4 13,800,000.00 4.09000% 1000.00000000 3.74916667 0.00000000 0.00000000 M-5 21,600,000.00 4.34000% 1000.00000000 3.97833333 0.00000000 0.00000000 M-6 10,800,000.00 4.74000% 1000.00000000 4.34500000 0.00000000 0.00000000 M-7 8,400,000.00 5.84000% 1000.00000000 5.35333333 0.00000000 0.00000000 M-8 4,200,000.00 6.34000% 1000.00000000 5.81166667 0.00000000 0.00000000 M-9 5,400,000.00 6.09000% 1000.00000000 5.58250000 0.00000000 0.00000000 C 5,999,900.00 0.00000% 1000.01666694 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 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 A-1A 0.00000000 0.00000000 2.87613145 0.00000000 896.32606120 A-1B 0.00000000 0.00000000 2.94502080 0.00000000 896.32606120 A-2 0.00000000 0.00000000 2.30293168 0.00000000 664.64674852 A-3 0.00000000 0.00000000 3.05249999 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 3.19916671 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 3.30916667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.32750000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.38250000 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.74916667 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.97833333 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.34500000 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 5.35333333 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 5.81166667 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 5.58250000 0.00000000 1000.00000000 C 0.00000000 0.00000000 379.54790747 0.00000000 1000.01666694 P 0.00000000 0.00000000 6181901.50000000 0.00000000 1000.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 47,895,355.11 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 942.77 Prepayment Penalties 618,190.15 Total Deposits 48,514,488.03 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 932,940.78 Payment of Interest and Principal 47,581,547.25 Total Withdrawals (Pool Distribution Amount) 48,514,488.03 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 281,766.36 PMI Mortgage Company 648,356.76 Trustee Fee 2,817.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 932,940.78
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 6,743.46 6,743.46 1,000.00
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 13 1 0 14 2,156,589.51 64,978.90 0.00 2,221,568.41 30 Days 86 2 0 0 88 13,653,683.89 147,876.13 0.00 0.00 13,801,560.02 60 Days 22 1 5 0 28 3,956,289.70 193,242.10 434,028.71 0.00 4,583,560.51 90 Days 15 2 26 1 44 3,153,958.97 328,133.84 5,225,181.44 198,750.00 8,906,024.25 120 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 123 18 32 1 174 20,763,932.56 2,825,841.58 5,724,189.05 198,750.00 29,512,713.19 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 0.209272% 0.016098% 0.000000% 0.225370% 0.198540% 0.005982% 0.000000% 0.204522% 30 Days 1.384417% 0.032196% 0.000000% 0.000000% 1.416613% 1.256988% 0.013614% 0.000000% 0.000000% 1.270601% 60 Days 0.354153% 0.016098% 0.080489% 0.000000% 0.450741% 0.364225% 0.017790% 0.039958% 0.000000% 0.421972% 90 Days 0.241468% 0.032196% 0.418545% 0.016098% 0.708307% 0.290360% 0.030209% 0.481042% 0.018297% 0.819908% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.980039% 0.289762% 0.515132% 0.016098% 2.801030% 1.911573% 0.260153% 0.526981% 0.018297% 2.717004% (7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 137,593.96
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class M-1 106,200,000.00 8.85000000% 106,200,100.00 9.77980225% 4.862270% 0.000000% Class M-2 84,000,000.00 7.00000000% 84,000,100.00 7.73543873% 2.044364% 0.000000% Class M-3 70,200,000.00 5.85000000% 70,200,100.00 6.46461817% 1.270821% 0.000000% Class M-4 56,400,000.00 4.70000000% 56,400,100.00 5.19379760% 1.270821% 0.000000% Class R-I 6,000,000.00 0.50000000% 6,000,100.00 0.55253989% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000009% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.178809% Weighted Average Net Coupon 6.878809% Weighted Average Pass-Through Rate 6.185106% Weighted Average Maturity(Stepdown Calculation) 350 Beginning Scheduled Collateral Loan Count 6,415 Number Of Loans Paid In Full 203 Ending Scheduled Collateral Loan Count 6,212 Beginning Scheduled Collateral Balance 1,127,065,428.59 Ending Scheduled Collateral Balance 1,085,912,550.54 Ending Actual Collateral Balance at 31-May-2005 1,086,222,577.38 Monthly P&I Constant 7,555,424.66 Special Servicing Fee 0.00 Prepayment Penalties 618,190.15 Realized Loss Amount (942.77) Cumulative Realized Loss 24,165.43 Scheduled Principal 812,934.80 Unscheduled Principal 40,339,943.25
Unscheduled Principal - Voluntary 40,339,943.25 Unscheduled Principal - Involuntary 0.00 Other Income 942.77 Delinquency Cut Off Balance 1,107,671,131.74
Miscellaneous Reporting General Excess Available Amt 2,283,050.18 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 6,000,000.00 Overcollateralization Defecit Amt 0.00 Stepdown NO Trigger Event NO
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.333545 7.130651 7.511876 Weighted Average Net Rate 7.033545 6.830651 7.211876 Weighted Average Maturity 351 351 350 Beginning Loan Count 373 1,286 1,136 Loans Paid In Full 7 44 25 Ending Loan Count 366 1,242 1,111 Beginning Scheduled Balance 53,927,490.26 219,109,971.42 163,515,463.29 Ending Scheduled Balance 52,522,073.22 209,746,513.45 160,216,221.46 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 378,103.33 1,453,106.64 1,173,351.11 Scheduled Principal 48,536.94 151,109.36 149,761.25 Unscheduled Principal 1,356,880.10 9,212,348.61 3,149,480.58 Scheduled Interest 329,566.39 1,301,997.28 1,023,589.86 Servicing Fees 13,481.87 54,777.49 40,878.87 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 134.82 547.77 408.79 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 20,114.42 138,542.18 66,892.55 Net Interest 316,084.58 1,247,219.59 982,711.03 Realized Loss Amount 0.00 0.00 (942.77) Cumulative Realized Loss 0.00 0.00 24,165.43 Percentage of Cumulative Losses 0.0000 0.0000 0.0141 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.574811 6.068897 6.717968
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.103135 7.178809 Weighted Average Net Rate 6.803135 6.878809 Weighted Average Maturity 350 350 Beginning Loan Count 3,620 6,415 Loans Paid In Full 127 203 Ending Loan Count 3,493 6,212 Beginning Scheduled Balance 690,512,503.62 1,127,065,428.59 Ending scheduled Balance 663,427,742.41 1,085,912,550.54 Record Date 05/31/2005 05/31/2005 Principal And Interest Constant 4,550,863.58 7,555,424.66 Scheduled Principal 463,527.25 812,934.80 Unscheduled Principal 26,621,233.96 40,339,943.25 Scheduled Interest 4,087,336.33 6,742,489.86 Servicing Fees 172,628.13 281,766.36 Master Servicing Fees 0.00 0.00 Trustee Fee 1,726.28 2,817.66 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 3 422,807.61 648,356.76 Net Interest 3,914,707.82 6,460,723.02 Realized Loss Amount 0.00 (942.77) Cumulative Realized Loss 0.00 24,165.43 Percentage of Cumulative Losses 0.0000 0.0020 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.065363 6.185106
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