ABSC 05-HE1 Monthly Distribution Report

EX-99.1 CHARTER 2 ex991_0905.htm ABSC05HE1_EX991 ABSC 05-HE1 Monthly Distribution Report

	Asset Backed Securities Corporation Home Equity Loan Trust	Contact:
	2005-HE1	Susan Burdick
	Asset Backed Pass-Through Certificates, Series 2005-HE1	Account Administrator
		651-495-3840
	STATEMENT TO CERTIFICATEHOLDERS	susan.burdick@usbank.com
	Section 4.02 of the PSA, dated Feburary 1, 2005
Distribution Date:	September 26, 2005

Original Beginning Interest Ending

Certificate Certificate Principal Interest Realized Loss Shortfall Total Certificate

Class Cusip Face Value Balance (1) Distribution Distribution (2) of Principal Amount Distribution Balance (1)

A-1 04541GPC0 $392,600,000.00 $320,129,718.04 $17,935,644.22 $1,122,232.51 N/A $0.00 $19,057,876.73 $302,194,073.82

A-2 04541GPD8 $98,200,000.00 $80,073,199.98 $4,486,195.27 $283,370.16 N/A $0.00 $4,769,565.43 $75,587,004.71

A-3 04541GPE6 $182,160,000.00 $144,910,048.40 $7,841,863.86 $506,380.11 N/A $0.00 $8,348,243.97 $137,068,184.54

A-4 04541GPF3 $102,000,000.00 $55,011,811.67 $9,891,958.50 $185,389.81 N/A $0.00 $10,077,348.31 $45,119,853.17

A-5 04541GPG1 $112,400,000.00 $112,400,000.00 $0.00 $391,776.44 N/A $0.00 $391,776.44 $112,400,000.00

A-6 04541GPX4 $15,382,000.00 $15,382,000.00 $0.00 $54,845.38 N/A $0.00 $54,845.38 $15,382,000.00

M-1 04541GPH9 $46,163,000.00 $46,163,000.00 $0.00 $169,931.13 $0.00 $0.00 $169,931.13 $46,163,000.00

M-2 04541GPJ5 $35,335,000.00 $35,335,000.00 $0.00 $131,014.33 $0.00 $0.00 $131,014.33 $35,335,000.00

M-3 04541GPK2 $21,657,000.00 $21,657,000.00 $0.00 $81,261.88 $0.00 $0.00 $81,261.88 $21,657,000.00

M-4 04541GPL0 $19,377,000.00 $19,377,000.00 $0.00 $77,357.29 $0.00 $0.00 $77,357.29 $19,377,000.00

M-5 04541GPM8 $18,237,000.00 $18,237,000.00 $0.00 $73,616.69 $0.00 $0.00 $73,616.69 $18,237,000.00

M-6 04541GPN6 $17,667,000.00 $17,667,000.00 $0.00 $72,886.19 $0.00 $0.00 $72,886.19 $17,667,000.00

M-7 04541GPP1 $14,248,000.00 $14,248,000.00 $0.00 $65,746.60 $0.00 $0.00 $65,746.60 $14,248,000.00

M-8 04541GPQ9 $12,538,000.00 $12,538,000.00 $0.00 $58,970.39 $0.00 $0.00 $58,970.39 $12,538,000.00

M-9 04541GPR7 $11,968,000.00 $11,968,000.00 $0.00 $63,736.25 $0.00 $0.00 $63,736.25 $11,968,000.00

M-10 04541GPS5 $9,119,000.00 $9,119,000.00 $0.00 $53,832.50 $0.00 $0.00 $53,832.50 $9,119,000.00

M-11 04541GPT3 $13,678,000.00 $13,678,000.00 $0.00 $80,745.79 $0.00 $0.00 $80,745.79 $13,678,000.00

P 04541GPV8 $100.00 $100.00 $0.00 $724,948.68 $0.00 $0.00 $724,948.68 $100.00

X 04541GPU0 $0.00 $17,097,384.81 $0.00 $1,611,379.79 N/A $0.00 $1,611,379.79 $17,097,384.81

R 04541GPW6 $0.00 $0.00 $0.00 $0.00 N/A $0.00 $0.00 $0.00

Total $1,122,729,100.00 $947,893,878.09 $40,155,661.85 $5,809,421.92 $0.00 $0.00 $45,965,083.77 $907,738,216.24

*Strip Amount for this period $15,360.27

Interest Ending Current Next*

Principal Interest Carry-forward Total Certificate Pass-Through Pass-Through

Class Distribution Distribution Amount Distribution Balance Class Interest Rate Interest Rate

A-1 $45.68426954 $2.85846284 $0.00000000 $48.54273237 $769.72509888 A-1 3.94375% 4.13250%

A-2 $45.68426955 $2.88564318 $0.00000000 $48.56991273 $769.72509888 A-2 3.98125% 4.17000%

A-3 $43.04931851 $2.77986446 $0.00000000 $45.82918297 $752.46038944 A-3 3.93125% 4.12000%

A-4 $96.97998529 $1.81754716 $0.00000000 $98.79753245 $442.35150167 A-4 3.79125% 3.98000%

A-5 $0.00000000 $3.48555552 $0.00000000 $3.48555552 $1,000.00000000 A-5 3.92125% 4.11000%

A-6 $0.00000000 $3.56555584 $0.00000000 $3.56555584 $1,000.00000000 A-6 4.01125% 4.20000%

M-1 $0.00000000 $3.68111106 $0.00000000 $3.68111106 $1,000.00000000 M-1 4.14125% 4.33000%

M-2 $0.00000000 $3.70777784 $0.00000000 $3.70777784 $1,000.00000000 M-2 4.17125% 4.36000%

M-3 $0.00000000 $3.75222238 $0.00000000 $3.75222238 $1,000.00000000 M-3 4.22125% 4.41000%

M-4 $0.00000000 $3.99222222 $0.00000000 $3.99222222 $1,000.00000000 M-4 4.49125% 4.68000%

M-5 $0.00000000 $4.03666667 $0.00000000 $4.03666667 $1,000.00000000 M-5 4.54125% 4.73000%

M-6 $0.00000000 $4.12555556 $0.00000000 $4.12555556 $1,000.00000000 M-6 4.64125% 4.83000%

M-7 $0.00000000 $4.61444413 $0.00000000 $4.61444413 $1,000.00000000 M-7 5.19125% 5.38000%

M-8 $0.00000000 $4.70333307 $0.00000000 $4.70333307 $1,000.00000000 M-8 5.29125% 5.48000%

M-9 $0.00000000 $5.32555565 $0.00000000 $5.32555565 $1,000.00000000 M-9 5.99125% 6.18000%

M-10 $0.00000000 $5.90333370 $0.00000000 $5.90333370 $1,000.00000000 M-10 6.64125% 6.79199%

M-11 $0.00000000 $5.90333309 $0.00000000 $5.90333309 $1,000.00000000 M-11 6.64125% 6.79199%

P $0.00000000 $7,249,486.80000000 $0.00000000 $7,249,486.80000000 $1,000.00000000 P N/A N/A

X $0.00000000 $0.00000000 $0.00000000 $0.00000000 $0.00000000 X 2.00381% 2.00381%

R $0.00000000 $0.00000000 $0.00000000 $0.00000000 $0.00000000 R 0.00000% 0.00000%

1 Mo LIBOR 3.64125% 3.83000%

*estimated

Page 1

Asset Backed Securities Corporation Home Equity Loan Trust Contact:

2005-HE1 Susan Burdick

Asset Backed Pass-Through Certificates, Series 2005-HE1 Account Administrator

651-495-3840

STATEMENT TO CERTIFICATEHOLDERS susan.burdick@usbank.com

Section 4.02 of the PSA, dated Feburary 1, 2005

Distribution Date: September 26, 2005

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(i) Principal Distributions:

Beginning Balance 529,120,923.48 435,870,339.42 964,991,262.90 479,157,009.54 485,834,253.36 964,991,262.90

Scheduled Principal 441,031.96 247,056.86 688,088.82 371,020.99 317,067.83 688,088.82

Prepayments (Includes Curtailments) 21,923,901.14 17,441,757.24 39,365,658.38 20,059,230.72 19,306,427.66 39,365,658.38

Net Liquidation Proceeds 0.00 0.00 0.00 0.00 0.00 0.00

Loan Principal Purchase Prices 0.00 0.00 0.00 0.00 0.00 0.00

Total Principal Remittance 22,364,933.10 17,688,814.10 40,053,747.20 20,430,251.71 19,623,495.49 40,053,747.20

Net Realized Losses 63,536.53 38,378.12 101,914.65 52,859.02 49,055.63 101,914.65

Ending Balance 506,692,453.85 418,143,147.20 924,835,601.05 458,673,898.81 466,161,702.24 924,835,601.05

Ending Count 2,754 2,308 5,062 2,499 2,563 5,062

(ii) Aggregate Ending Collateral Balance 506,692,453.85 418,143,147.20 924,835,601.05 458,673,898.81 466,161,702.24 924,835,601.05

(iii) Ending Overcollateralization Amount 17,097,384.81

(iv) Number of Liquidated Loans 0.00

(v) Interest Distributions: GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

Scheduled Interest - Net of Servicing Fee 2,798,664.90 2,403,080.93 5,201,745.83 2,585,723.93 2,616,021.90 5,201,745.83

Less Relief Act Interest Shortfall 0.00 0.00 0.00 0.00 0 0.00

Less Net Prepayment Interest Shortfall 0.00 0.00 0.00 0.00 0.00 0.00

2,798,664.90 2,403,080.93 5,201,745.83 2,585,723.93 2,616,021.90 5,201,745.83

(vi) Servicing Fee:

GROUP 1 220,467.29

GROUP 2 181,612.79

TOTAL 402,080.08

Advances GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(vii) Current Aggregate Advances as of determination date 934,010.61 789,367.61 1,723,378.22 886,068.60 837,309.62 1,723,378.22

Outstanding Aggregate Advances as of end of prior calendar month 1,761,448.88 1,417,820.80 3,179,269.68 1,513,876.16 1,665,393.52 3,179,269.68

Page 2

(ix) Delinquency Information

30-59 days delinquent 60-89 days delinquent 90 or more days delinquent

Count Balance Count Balance Count Balance

Group 1 44 7,344,501.41 31 5,872,063.05 14 2,706,755.41

Group 2 27 2,823,339.56 25 5,284,386.09 37 5,459,322.43

Total 71 10,167,840.97 56 11,156,449.14 51 8,166,077.84

New Century 42 6,057,108.83 26 4,636,148.17 12 1,454,795.78

WMC 29 4,110,732.14 30 6,520,300.97 39 6,711,282.06

Total 71 10,167,840.97 56 11,156,449.14 51 8,166,077.84

*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

Outstanding Loans Foreclosure Bankruptcy REO

Count Balance Count Balance Count Balance Count Balance Market Value

Group 1 2,754 506,692,453.85 35 6,114,979.79 15 2,289,995.92 5 428,478.95 496,173.83

Group 2 2,308 418,143,147.20 21 5,541,584.61 8 1,088,391.45 1 67,694.88 496,173.83

Total 5,062 924,835,601.05 56 11,656,564.40 23 3,378,387.37 6 496,173.83 992,347.66

New Century 2,499 458,673,898.81 32 5,527,238.53 15 2,063,242.84 2 179,040.75 179,040.75

WMC 2,563 466,161,702.24 24 6,129,325.87 8 1,315,144.53 4 317,133.08 317,133.08

Total 5,062 924,835,601.05 56 11,656,564.40 23 3,378,387.37 6 496,173.83 496,173.83

Interest Shortfall

Total Realized Prepayment Relief Act Net

Unpaid Losses Interest Interest WAC Rate

Shortfall Shortfall Carryover

A-1 0.00 0.00 0.00 0.00 0.00

A-2 0.00 0.00 0.00 0.00 0.00

A-3 0.00 0.00 0.00 0.00 0.00

A-4 0.00 0.00 0.00 0.00 0.00

A-5 0.00 0.00 0.00 0.00 0.00

A-6 0.00 0.00 0.00 0.00 0.00

M-1 0.00 0.00 0.00 0.00 0.00

M-2 0.00 0.00 0.00 0.00 0.00

M-3 0.00 0.00 0.00 0.00 0.00

M-4 0.00 0.00 0.00 0.00 0.00

M-5 0.00 0.00 0.00 0.00 0.00

M-6 0.00 0.00 0.00 0.00 0.00

M-7 0.00 0.00 0.00 0.00 0.00

M-8 0.00 0.00 0.00 0.00 0.00

M-9 0.00 0.00 0.00 0.00 0.00

M-10 0.00 0.00 0.00 0.00 0.00

M-11 0.00 0.00 0.00 0.00 0.00

P 0.00 0.00 0.00 0.00 0.00

X 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(x) Number of Loans for which Prepayment Premiums were collected 71 70 141 71 70 141

Number of Loans for which Prepayment Premiums were scheduled 112 96 208 103 105 208

Principal Balance of Loans for which Prepayment Premiums were collected 14,141,801.00 12,994,358.00 27,136,159.00 13,510,756.00 13,625,403.00 27,136,159.00

Current amount of Prepayment Premiums 364,700.82 360,247.86 724,948.68 355,040.91 369,907.77 724,948.68

Page 3

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(xi) Realized Losses incurred during the related Due Period 63,536.53 38,378.12 101,914.65 52,859.02 49,055.63 101,914.65

Cumulative Realized Losses since Startup Day 61,264.23 41,191.75 102,455.98 53,400.35 49,055.63 102,455.98

Bankruptcy Losses 0.00 0.00 0.00 0.00 0.00 0.00

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(xii) Weighted Average Term to Maturity of Mortgage Loans 348 328 339 347 331 339

Weighted Average Gross Coupon of Mortgage Loans 6.84713% 7.11595% 6.96855% 6.97568% 6.96152% 6.96855%

Weighted Average Net Coupon of Mortgage Loans 6.34713% 6.61595% 6.46855% 6.47568% 6.46152% 6.46855%

(xiii) Aggregate number of Mortgage Loans in the pool 5,062

(xiv) Overcollateralization Target Amount 17,097,384.81

(xv) Credit Enhancement Percentage 25.63530%

(xvi) Overcollateralization Increase Amount 101,914.65

(xvii) Overcollateralization Release Amount 0.00

(xviii) Overcollateralization Deficiency Amount 101,914.65

(xix) Excess Overcollateralized Amount 0.00

(xx) Payment from Subgroup 1 Yield Maintenance Agreement 0.00

Subgroup 2 Yield Maintenance Agreement 0.00

Subordinate Yield Maintenance Agreement 0.00

(xxi) Net Monthly Excess Cash Flow 1,611,377.46

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(xxii) Extra Ordinary Trust Fund Expenses 0.00 0.00 0.00 0.00 0.00 0.00

(xxiii) Trigger Event Occurence NO

(xxiv) Step Down Date Occurred NO

(xxv) Subgroup 1 Net WAC Rate 6.7820%

Subgroup 2 Net WAC Rate 7.0541%

Subordinate Net WAC Rate 6.7920%

(xxvi) Available Distribution Amount 45,980,441.71

(xxvii) Deposit to Net WAC Reserve Fund 2.33

Page 4

		Original	Beginning				Interest		Ending
		Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Total	Certificate
Class	Cusip	Face Value	Balance (1)	Distribution	Distribution (2)	of Principal	Amount	Distribution	Balance (1)
A-1	04541GPC0	$392,600,000.00	$320,129,718.04	$17,935,644.22	$1,122,232.51	N/A	$0.00	$19,057,876.73	$302,194,073.82
A-2	04541GPD8	$98,200,000.00	$80,073,199.98	$4,486,195.27	$283,370.16	N/A	$0.00	$4,769,565.43	$75,587,004.71
A-3	04541GPE6	$182,160,000.00	$144,910,048.40	$7,841,863.86	$506,380.11	N/A	$0.00	$8,348,243.97	$137,068,184.54
A-4	04541GPF3	$102,000,000.00	$55,011,811.67	$9,891,958.50	$185,389.81	N/A	$0.00	$10,077,348.31	$45,119,853.17
A-5	04541GPG1	$112,400,000.00	$112,400,000.00	$0.00	$391,776.44	N/A	$0.00	$391,776.44	$112,400,000.00
A-6	04541GPX4	$15,382,000.00	$15,382,000.00	$0.00	$54,845.38	N/A	$0.00	$54,845.38	$15,382,000.00
M-1	04541GPH9	$46,163,000.00	$46,163,000.00	$0.00	$169,931.13	$0.00	$0.00	$169,931.13	$46,163,000.00
M-2	04541GPJ5	$35,335,000.00	$35,335,000.00	$0.00	$131,014.33	$0.00	$0.00	$131,014.33	$35,335,000.00
M-3	04541GPK2	$21,657,000.00	$21,657,000.00	$0.00	$81,261.88	$0.00	$0.00	$81,261.88	$21,657,000.00
M-4	04541GPL0	$19,377,000.00	$19,377,000.00	$0.00	$77,357.29	$0.00	$0.00	$77,357.29	$19,377,000.00
M-5	04541GPM8	$18,237,000.00	$18,237,000.00	$0.00	$73,616.69	$0.00	$0.00	$73,616.69	$18,237,000.00
M-6	04541GPN6	$17,667,000.00	$17,667,000.00	$0.00	$72,886.19	$0.00	$0.00	$72,886.19	$17,667,000.00
M-7	04541GPP1	$14,248,000.00	$14,248,000.00	$0.00	$65,746.60	$0.00	$0.00	$65,746.60	$14,248,000.00
M-8	04541GPQ9	$12,538,000.00	$12,538,000.00	$0.00	$58,970.39	$0.00	$0.00	$58,970.39	$12,538,000.00
M-9	04541GPR7	$11,968,000.00	$11,968,000.00	$0.00	$63,736.25	$0.00	$0.00	$63,736.25	$11,968,000.00
M-10	04541GPS5	$9,119,000.00	$9,119,000.00	$0.00	$53,832.50	$0.00	$0.00	$53,832.50	$9,119,000.00
M-11	04541GPT3	$13,678,000.00	$13,678,000.00	$0.00	$80,745.79	$0.00	$0.00	$80,745.79	$13,678,000.00
P	04541GPV8	$100.00	$100.00	$0.00	$724,948.68	$0.00	$0.00	$724,948.68	$100.00
X	04541GPU0	$0.00	$17,097,384.81	$0.00	$1,611,379.79	N/A	$0.00	$1,611,379.79	$17,097,384.81
R	04541GPW6	$0.00	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00
Total		$1,122,729,100.00	$947,893,878.09	$40,155,661.85	$5,809,421.92	$0.00	$0.00	$45,965,083.77	$907,738,216.24
*Strip Amount for this period		$15,360.27

			Interest		Ending		Current	Next*
	Principal	Interest	Carry-forward	Total	Certificate		Pass-Through	Pass-Through
Class	Distribution	Distribution	Amount	Distribution	Balance	Class	Interest Rate	Interest Rate
A-1	$45.68426954	$2.85846284	$0.00000000	$48.54273237	$769.72509888	A-1	3.94375%	4.13250%
A-2	$45.68426955	$2.88564318	$0.00000000	$48.56991273	$769.72509888	A-2	3.98125%	4.17000%
A-3	$43.04931851	$2.77986446	$0.00000000	$45.82918297	$752.46038944	A-3	3.93125%	4.12000%
A-4	$96.97998529	$1.81754716	$0.00000000	$98.79753245	$442.35150167	A-4	3.79125%	3.98000%
A-5	$0.00000000	$3.48555552	$0.00000000	$3.48555552	$1,000.00000000	A-5	3.92125%	4.11000%
A-6	$0.00000000	$3.56555584	$0.00000000	$3.56555584	$1,000.00000000	A-6	4.01125%	4.20000%
M-1	$0.00000000	$3.68111106	$0.00000000	$3.68111106	$1,000.00000000	M-1	4.14125%	4.33000%
M-2	$0.00000000	$3.70777784	$0.00000000	$3.70777784	$1,000.00000000	M-2	4.17125%	4.36000%
M-3	$0.00000000	$3.75222238	$0.00000000	$3.75222238	$1,000.00000000	M-3	4.22125%	4.41000%
M-4	$0.00000000	$3.99222222	$0.00000000	$3.99222222	$1,000.00000000	M-4	4.49125%	4.68000%
M-5	$0.00000000	$4.03666667	$0.00000000	$4.03666667	$1,000.00000000	M-5	4.54125%	4.73000%
M-6	$0.00000000	$4.12555556	$0.00000000	$4.12555556	$1,000.00000000	M-6	4.64125%	4.83000%
M-7	$0.00000000	$4.61444413	$0.00000000	$4.61444413	$1,000.00000000	M-7	5.19125%	5.38000%
M-8	$0.00000000	$4.70333307	$0.00000000	$4.70333307	$1,000.00000000	M-8	5.29125%	5.48000%
M-9	$0.00000000	$5.32555565	$0.00000000	$5.32555565	$1,000.00000000	M-9	5.99125%	6.18000%
M-10	$0.00000000	$5.90333370	$0.00000000	$5.90333370	$1,000.00000000	M-10	6.64125%	6.79199%
M-11	$0.00000000	$5.90333309	$0.00000000	$5.90333309	$1,000.00000000	M-11	6.64125%	6.79199%
P	$0.00000000	$7,249,486.80000000	$0.00000000	$7,249,486.80000000	$1,000.00000000	P	N/A	N/A
X	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	X	2.00381%	2.00381%
R	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R	0.00000%	0.00000%
						1 Mo LIBOR	3.64125%	3.83000%
								*estimated

		GROUP 1	GROUP 2	TOTAL	NEW CENTURY	WMC	TOTAL
(i)	Principal Distributions:
	Beginning Balance	529,120,923.48	435,870,339.42	964,991,262.90	479,157,009.54	485,834,253.36	964,991,262.90
	Scheduled Principal	441,031.96	247,056.86	688,088.82	371,020.99	317,067.83	688,088.82
	Prepayments (Includes Curtailments)	21,923,901.14	17,441,757.24	39,365,658.38	20,059,230.72	19,306,427.66	39,365,658.38
	Net Liquidation Proceeds	0.00	0.00	0.00	0.00	0.00	0.00
	Loan Principal Purchase Prices	0.00	0.00	0.00	0.00	0.00	0.00
	Total Principal Remittance	22,364,933.10	17,688,814.10	40,053,747.20	20,430,251.71	19,623,495.49	40,053,747.20
	Net Realized Losses	63,536.53	38,378.12	101,914.65	52,859.02	49,055.63	101,914.65
	Ending Balance	506,692,453.85	418,143,147.20	924,835,601.05	458,673,898.81	466,161,702.24	924,835,601.05
	Ending Count	2,754	2,308	5,062	2,499	2,563	5,062

(v)	Interest Distributions:	GROUP 1	GROUP 2	TOTAL	NEW CENTURY	WMC	TOTAL
	Scheduled Interest - Net of Servicing Fee	2,798,664.90	2,403,080.93	5,201,745.83	2,585,723.93	2,616,021.90	5,201,745.83
	Less Relief Act Interest Shortfall	0.00	0.00	0.00	0.00	0	0.00
	Less Net Prepayment Interest Shortfall	0.00	0.00	0.00	0.00	0.00	0.00
		2,798,664.90	2,403,080.93	5,201,745.83	2,585,723.93	2,616,021.90	5,201,745.83

(vi)	Servicing Fee:
	GROUP 1	220,467.29
	GROUP 2	181,612.79
	TOTAL	402,080.08

	Advances	GROUP 1	GROUP 2	TOTAL	NEW CENTURY	WMC	TOTAL
(vii)	Current Aggregate Advances as of determination date	934,010.61	789,367.61	1,723,378.22	886,068.60	837,309.62	1,723,378.22
	Outstanding Aggregate Advances as of end of prior calendar month	1,761,448.88	1,417,820.80	3,179,269.68	1,513,876.16	1,665,393.52	3,179,269.68

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Group 1	44	7,344,501.41	31	5,872,063.05	14	2,706,755.41
Group 2	27	2,823,339.56	25	5,284,386.09	37	5,459,322.43
Total	71	10,167,840.97	56	11,156,449.14	51	8,166,077.84
New Century	42	6,057,108.83	26	4,636,148.17	12	1,454,795.78
WMC	29	4,110,732.14	30	6,520,300.97	39	6,711,282.06
Total	71	10,167,840.97	56	11,156,449.14	51	8,166,077.84
*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Outstanding Loans		Foreclosure		Bankruptcy		REO
	Count	Balance	Count	Balance	Count	Balance	Count	Balance	Market Value
Group 1	2,754	506,692,453.85	35	6,114,979.79	15	2,289,995.92	5	428,478.95	496,173.83
Group 2	2,308	418,143,147.20	21	5,541,584.61	8	1,088,391.45	1	67,694.88	496,173.83
Total	5,062	924,835,601.05	56	11,656,564.40	23	3,378,387.37	6	496,173.83	992,347.66
New Century	2,499	458,673,898.81	32	5,527,238.53	15	2,063,242.84	2	179,040.75	179,040.75
WMC	2,563	466,161,702.24	24	6,129,325.87	8	1,315,144.53	4	317,133.08	317,133.08
Total	5,062	924,835,601.05	56	11,656,564.40	23	3,378,387.37	6	496,173.83	496,173.83

Interest Shortfall
	Total	Realized	Prepayment	Relief Act	Net
	Unpaid	Losses	Interest	Interest	WAC Rate
			Shortfall	Shortfall	Carryover
A-1	0.00	0.00	0.00	0.00	0.00
A-2	0.00	0.00	0.00	0.00	0.00
A-3	0.00	0.00	0.00	0.00	0.00
A-4	0.00	0.00	0.00	0.00	0.00
A-5	0.00	0.00	0.00	0.00	0.00
A-6	0.00	0.00	0.00	0.00	0.00
M-1	0.00	0.00	0.00	0.00	0.00
M-2	0.00	0.00	0.00	0.00	0.00
M-3	0.00	0.00	0.00	0.00	0.00
M-4	0.00	0.00	0.00	0.00	0.00
M-5	0.00	0.00	0.00	0.00	0.00
M-6	0.00	0.00	0.00	0.00	0.00
M-7	0.00	0.00	0.00	0.00	0.00
M-8	0.00	0.00	0.00	0.00	0.00
M-9	0.00	0.00	0.00	0.00	0.00
M-10	0.00	0.00	0.00	0.00	0.00
M-11	0.00	0.00	0.00	0.00	0.00
P	0.00	0.00	0.00	0.00	0.00
X	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00

	(xx)	Payment from Subgroup 1 Yield Maintenance Agreement						0.00
		Subgroup 2 Yield Maintenance Agreement						0.00
		Subordinate Yield Maintenance Agreement						0.00

(xxv)	Subgroup 1 Net WAC Rate	6.7820%
	Subgroup 2 Net WAC Rate	7.0541%
	Subordinate Net WAC Rate	6.7920%