ABSC 05-HE1 Monthly Distribution Report

EX-99.1 CHARTER 2 ex991_1005.htm ABSC05-HE1_MONTHLY 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:	October 25, 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 $302,194,073.82 $21,861,409.47 $1,005,991.48 N/A $0.00 $22,867,400.95 $280,332,664.35

A-2 04541GPD8 $98,200,000.00 $75,587,004.71 $5,468,136.55 $253,909.35 N/A $0.00 $5,722,045.90 $70,118,868.16

A-3 04541GPE6 $182,160,000.00 $137,068,184.54 $6,985,947.17 $454,914.07 N/A $0.00 $7,440,861.24 $130,082,237.37

A-4 04541GPF3 $102,000,000.00 $45,119,853.17 $8,812,279.93 $144,659.26 N/A $0.00 $8,956,939.19 $36,307,573.24

A-5 04541GPG1 $112,400,000.00 $112,400,000.00 $0.00 $372,137.67 N/A $0.00 $372,137.67 $112,400,000.00

A-6 04541GPX4 $15,382,000.00 $15,382,000.00 $0.00 $52,042.43 N/A $0.00 $52,042.43 $15,382,000.00

M-1 04541GPH9 $46,163,000.00 $46,163,000.00 $0.00 $161,019.11 $0.00 $0.00 $161,019.11 $46,163,000.00

M-2 04541GPJ5 $35,335,000.00 $35,335,000.00 $0.00 $124,104.37 $0.00 $0.00 $124,104.37 $35,335,000.00

M-3 04541GPK2 $21,657,000.00 $21,657,000.00 $0.00 $76,936.49 $0.00 $0.00 $76,936.49 $21,657,000.00

M-4 04541GPL0 $19,377,000.00 $19,377,000.00 $0.00 $73,051.29 $0.00 $0.00 $73,051.29 $19,377,000.00

M-5 04541GPM8 $18,237,000.00 $18,237,000.00 $0.00 $69,488.04 $0.00 $0.00 $69,488.04 $18,237,000.00

M-6 04541GPN6 $17,667,000.00 $17,667,000.00 $0.00 $68,739.35 $0.00 $0.00 $68,739.35 $17,667,000.00

M-7 04541GPP1 $14,248,000.00 $14,248,000.00 $0.00 $61,749.25 $0.00 $0.00 $61,749.25 $14,248,000.00

M-8 04541GPQ9 $12,538,000.00 $12,538,000.00 $0.00 $55,348.30 $0.00 $0.00 $55,348.30 $12,538,000.00

M-9 04541GPR7 $11,968,000.00 $11,968,000.00 $0.00 $59,580.69 $0.00 $0.00 $59,580.69 $11,968,000.00

M-10 04541GPS5 $9,119,000.00 $9,119,000.00 $0.00 $50,172.23 $0.00 $0.00 $50,172.23 $9,119,000.00

M-11 04541GPT3 $13,678,000.00 $13,678,000.00 $0.00 $75,255.60 $0.00 $0.00 $75,255.60 $13,678,000.00

P 04541GPV8 $100.00 $100.00 $0.00 $677,022.73 $0.00 $0.00 $677,022.73 $100.00

X 04541GPU0 $0.00 $17,097,384.81 $0.00 $1,756,097.34 N/A $0.00 $1,756,097.34 $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 $907,738,216.24 $43,127,773.12 $5,592,219.05 $0.00 $0.00 $48,719,992.17 $864,610,443.12

*Strip Amount for this period $15,077.04

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 $55.68367160 $2.56238278 $0.00000000 $58.24605438 $714.04142728 A-1 4.13250% 4.34000%

A-2 $55.68367159 $2.58563493 $0.00000000 $58.26930652 $714.04142729 A-2 4.17000% 4.37750%

A-3 $38.35061029 $2.49733240 $0.00000000 $40.84794269 $714.10977915 A-3 4.12000% 4.32750%

A-4 $86.39490127 $1.41822804 $0.00000000 $87.81312931 $355.95660039 A-4 3.98000% 4.18750%

A-5 $0.00000000 $3.31083336 $0.00000000 $3.31083336 $1,000.00000000 A-5 4.11000% 4.31750%

A-6 $0.00000000 $3.38333312 $0.00000000 $3.38333312 $1,000.00000000 A-6 4.20000% 4.40750%

M-1 $0.00000000 $3.48805559 $0.00000000 $3.48805559 $1,000.00000000 M-1 4.33000% 4.53750%

M-2 $0.00000000 $3.51222216 $0.00000000 $3.51222216 $1,000.00000000 M-2 4.36000% 4.56750%

M-3 $0.00000000 $3.55249988 $0.00000000 $3.55249988 $1,000.00000000 M-3 4.41000% 4.61750%

M-4 $0.00000000 $3.77000000 $0.00000000 $3.77000000 $1,000.00000000 M-4 4.68000% 4.88750%

M-5 $0.00000000 $3.81027801 $0.00000000 $3.81027801 $1,000.00000000 M-5 4.73000% 4.93750%

M-6 $0.00000000 $3.89083319 $0.00000000 $3.89083319 $1,000.00000000 M-6 4.83000% 5.03750%

M-7 $0.00000000 $4.33388897 $0.00000000 $4.33388897 $1,000.00000000 M-7 5.38000% 5.58750%

M-8 $0.00000000 $4.41444409 $0.00000000 $4.41444409 $1,000.00000000 M-8 5.48000% 5.68750%

M-9 $0.00000000 $4.97833305 $0.00000000 $4.97833305 $1,000.00000000 M-9 6.18000% 6.38750%

M-10 $0.00000000 $5.50194429 $0.00000000 $5.50194429 $1,000.00000000 M-10 6.78734% 6.78734%

M-11 $0.00000000 $5.50194473 $0.00000000 $5.50194473 $1,000.00000000 M-11 6.78734% 6.78734%

P $0.00000000 $6,770,227.30000000 $0.00000000 $6,770,227.30000000 $1,000.00000000 P N/A N/A

X $0.00000000 $0.00000000 $0.00000000 $0.00000000 $0.00000000 X 2.27859% 2.27859%

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

1 Mo LIBOR 3.83000% 4.03750%

*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: October 25, 2005

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(i) Principal Distributions:

Beginning 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

Scheduled Principal 425,670.08 236,467.43 662,137.51 356,518.98 305,618.53 662,137.51

Prepayments (Includes Curtailments) 26,881,687.04 15,548,933.07 42,430,620.11 20,402,996.27 22,027,623.84 42,430,620.11

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 27,307,357.12 15,785,400.50 43,092,757.62 20,759,515.25 22,333,242.37 43,092,757.62

Net Realized Losses 834.56 34,180.94 35,015.50 (1,874.20) 36,889.70 35,015.50

Ending Balance 479,384,262.17 402,323,565.76 881,707,827.93 437,916,257.76 443,791,570.17 881,707,827.93

Ending Count 2,630 2,217 4,847 2,402 2,445 4,847

(ii) Aggregate Ending Collateral Balance 479,384,262.17 402,323,565.76 881,707,827.93 437,916,257.76 443,791,570.17 881,707,827.93

(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 2,673,770.29 2,291,518.57 4,965,288.86 2,468,882.83 2,496,406.03 4,965,288.86

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

2,673,770.29 2,291,518.57 4,965,288.86 2,468,882.83 2,496,406.03 4,965,288.86

(vi) Servicing Fee:

GROUP 1 211,121.80

GROUP 2 174,226.36

TOTAL 385,348.16

Advances GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(vii) Current Aggregate Advances as of determination date 1,014,278.34 732,985.82 1,747,264.16 929,473.89 817,790.27 1,747,264.16

Outstanding Aggregate Advances as of end of prior calendar month 1,751,885.00 1,442,860.49 3,194,745.49 1,556,877.75 1,637,867.74 3,194,745.49

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(ix) Delinquency Information

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

Count Balance Count Balance Count Balance

Group 1 43 8,085,720.65 15 2,385,807.31 8 1,383,102.60

Group 2 37 5,987,241.39 7 437,975.86 22 2,263,156.47

Total 80 14,072,962.04 22 2,823,783.17 30 3,646,259.07

New Century 45 7,795,303.68 9 1,181,558.69 16 1,806,809.35

WMC 35 6,277,658.36 13 1,642,224.48 14 1,839,449.72

Total 80 14,072,962.04 22 2,823,783.17 30 3,646,259.07

*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 2,630 479,384,262.17 55 10,101,737.80 23 3,315,054.54 6 587,236.44 0.00

Group 2 2,217 402,323,565.76 39 10,150,874.19 7 951,707.47 3 246,574.47 0.00

Total 4,847 881,707,827.93 94 20,252,611.99 30 4,266,762.01 9 833,810.91 0.00

New Century 2,402 437,916,257.76 43 8,253,473.17 19 2,671,070.54 4 424,706.44 0.00

WMC 2,445 443,791,570.17 51 11,999,138.82 11 1,595,691.47 5 409,104.47 0.00

Total 4,847 881,707,827.93 94 20,252,611.99 30 4,266,762.01 9 833,810.91 0.00

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 0.00 313.41

M-11 0.00 0.00 0.00 0.00 470.10

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 0.00 783.51

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(x) Number of Loans for which Prepayment Premiums were collected 76 54 130 68 62 130

Number of Loans for which Prepayment Premiums were scheduled 124 89 213 97 116 213

Principal Balance of Loans for which Prepayment Premiums were collected 16,648,131.00 8,993,359.00 25,641,490.00 14,227,472.00 11,414,018.00 25,641,490.00

Current amount of Prepayment Premiums 438,129.66 238,893.07 677,022.73 370,292.10 306,730.63 677,022.73

Page 3

GROUP 1 GROUP 2 TOTAL NEW CENTURY WMC TOTAL

(xi) Realized Losses incurred during the related Due Period 834.56 34,180.94 35,015.50 (1,874.20) 36,889.70 35,015.50

Cumulative Realized Losses since Startup Day 62,098.79 75,372.69 137,471.48 51,526.15 36,889.70 88,415.85

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 347 328 338 346 331 338

Weighted Average Gross Coupon of Mortgage Loans 6.83740% 7.10742% 6.95948% 6.97157% 6.94759% 6.95948%

Weighted Average Net Coupon of Mortgage Loans 6.33740% 6.60742% 6.45948% 6.47157% 6.44759% 6.45948%

(xiii) Aggregate number of Mortgage Loans in the pool 4,847

(xiv) Overcollateralization Target Amount 17,097,384.81

(xv) Credit Enhancement Percentage 26.88922%

(xvi) Overcollateralization Increase Amount 35,015.50

(xvii) Overcollateralization Release Amount 0.00

(xviii) Overcollateralization Deficiency Amount 35,015.50

(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 1,756,097.34

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 6.7720%

Subgroup 2 Net WAC Rate 7.0454%

Subordinate Net WAC Rate 6.7873%

(xxvi) Available Distribution Amount 48,735,069.21

(xxvii) Deposit to Net WAC Reserve Fund 785.90

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	$302,194,073.82	$21,861,409.47	$1,005,991.48	N/A	$0.00	$22,867,400.95	$280,332,664.35
A-2	04541GPD8	$98,200,000.00	$75,587,004.71	$5,468,136.55	$253,909.35	N/A	$0.00	$5,722,045.90	$70,118,868.16
A-3	04541GPE6	$182,160,000.00	$137,068,184.54	$6,985,947.17	$454,914.07	N/A	$0.00	$7,440,861.24	$130,082,237.37
A-4	04541GPF3	$102,000,000.00	$45,119,853.17	$8,812,279.93	$144,659.26	N/A	$0.00	$8,956,939.19	$36,307,573.24
A-5	04541GPG1	$112,400,000.00	$112,400,000.00	$0.00	$372,137.67	N/A	$0.00	$372,137.67	$112,400,000.00
A-6	04541GPX4	$15,382,000.00	$15,382,000.00	$0.00	$52,042.43	N/A	$0.00	$52,042.43	$15,382,000.00
M-1	04541GPH9	$46,163,000.00	$46,163,000.00	$0.00	$161,019.11	$0.00	$0.00	$161,019.11	$46,163,000.00
M-2	04541GPJ5	$35,335,000.00	$35,335,000.00	$0.00	$124,104.37	$0.00	$0.00	$124,104.37	$35,335,000.00
M-3	04541GPK2	$21,657,000.00	$21,657,000.00	$0.00	$76,936.49	$0.00	$0.00	$76,936.49	$21,657,000.00
M-4	04541GPL0	$19,377,000.00	$19,377,000.00	$0.00	$73,051.29	$0.00	$0.00	$73,051.29	$19,377,000.00
M-5	04541GPM8	$18,237,000.00	$18,237,000.00	$0.00	$69,488.04	$0.00	$0.00	$69,488.04	$18,237,000.00
M-6	04541GPN6	$17,667,000.00	$17,667,000.00	$0.00	$68,739.35	$0.00	$0.00	$68,739.35	$17,667,000.00
M-7	04541GPP1	$14,248,000.00	$14,248,000.00	$0.00	$61,749.25	$0.00	$0.00	$61,749.25	$14,248,000.00
M-8	04541GPQ9	$12,538,000.00	$12,538,000.00	$0.00	$55,348.30	$0.00	$0.00	$55,348.30	$12,538,000.00
M-9	04541GPR7	$11,968,000.00	$11,968,000.00	$0.00	$59,580.69	$0.00	$0.00	$59,580.69	$11,968,000.00
M-10	04541GPS5	$9,119,000.00	$9,119,000.00	$0.00	$50,172.23	$0.00	$0.00	$50,172.23	$9,119,000.00
M-11	04541GPT3	$13,678,000.00	$13,678,000.00	$0.00	$75,255.60	$0.00	$0.00	$75,255.60	$13,678,000.00
P	04541GPV8	$100.00	$100.00	$0.00	$677,022.73	$0.00	$0.00	$677,022.73	$100.00
X	04541GPU0	$0.00	$17,097,384.81	$0.00	$1,756,097.34	N/A	$0.00	$1,756,097.34	$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	$907,738,216.24	$43,127,773.12	$5,592,219.05	$0.00	$0.00	$48,719,992.17	$864,610,443.12
*Strip Amount for this period		$15,077.04

			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	$55.68367160	$2.56238278	$0.00000000	$58.24605438	$714.04142728	A-1	4.13250%	4.34000%
A-2	$55.68367159	$2.58563493	$0.00000000	$58.26930652	$714.04142729	A-2	4.17000%	4.37750%
A-3	$38.35061029	$2.49733240	$0.00000000	$40.84794269	$714.10977915	A-3	4.12000%	4.32750%
A-4	$86.39490127	$1.41822804	$0.00000000	$87.81312931	$355.95660039	A-4	3.98000%	4.18750%
A-5	$0.00000000	$3.31083336	$0.00000000	$3.31083336	$1,000.00000000	A-5	4.11000%	4.31750%
A-6	$0.00000000	$3.38333312	$0.00000000	$3.38333312	$1,000.00000000	A-6	4.20000%	4.40750%
M-1	$0.00000000	$3.48805559	$0.00000000	$3.48805559	$1,000.00000000	M-1	4.33000%	4.53750%
M-2	$0.00000000	$3.51222216	$0.00000000	$3.51222216	$1,000.00000000	M-2	4.36000%	4.56750%
M-3	$0.00000000	$3.55249988	$0.00000000	$3.55249988	$1,000.00000000	M-3	4.41000%	4.61750%
M-4	$0.00000000	$3.77000000	$0.00000000	$3.77000000	$1,000.00000000	M-4	4.68000%	4.88750%
M-5	$0.00000000	$3.81027801	$0.00000000	$3.81027801	$1,000.00000000	M-5	4.73000%	4.93750%
M-6	$0.00000000	$3.89083319	$0.00000000	$3.89083319	$1,000.00000000	M-6	4.83000%	5.03750%
M-7	$0.00000000	$4.33388897	$0.00000000	$4.33388897	$1,000.00000000	M-7	5.38000%	5.58750%
M-8	$0.00000000	$4.41444409	$0.00000000	$4.41444409	$1,000.00000000	M-8	5.48000%	5.68750%
M-9	$0.00000000	$4.97833305	$0.00000000	$4.97833305	$1,000.00000000	M-9	6.18000%	6.38750%
M-10	$0.00000000	$5.50194429	$0.00000000	$5.50194429	$1,000.00000000	M-10	6.78734%	6.78734%
M-11	$0.00000000	$5.50194473	$0.00000000	$5.50194473	$1,000.00000000	M-11	6.78734%	6.78734%
P	$0.00000000	$6,770,227.30000000	$0.00000000	$6,770,227.30000000	$1,000.00000000	P	N/A	N/A
X	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	X	2.27859%	2.27859%
R	$0.00000000	$0.00000000	$0.00000000	$0.00000000	$0.00000000	R	0.00000%	0.00000%
						1 Mo LIBOR	3.83000%	4.03750%
								*estimated

		GROUP 1	GROUP 2	TOTAL	NEW CENTURY	WMC	TOTAL
(i)	Principal Distributions:
	Beginning 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
	Scheduled Principal	425,670.08	236,467.43	662,137.51	356,518.98	305,618.53	662,137.51
	Prepayments (Includes Curtailments)	26,881,687.04	15,548,933.07	42,430,620.11	20,402,996.27	22,027,623.84	42,430,620.11
	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	27,307,357.12	15,785,400.50	43,092,757.62	20,759,515.25	22,333,242.37	43,092,757.62
	Net Realized Losses	834.56	34,180.94	35,015.50	(1,874.20)	36,889.70	35,015.50
	Ending Balance	479,384,262.17	402,323,565.76	881,707,827.93	437,916,257.76	443,791,570.17	881,707,827.93
	Ending Count	2,630	2,217	4,847	2,402	2,445	4,847

(v)	Interest Distributions:	GROUP 1	GROUP 2	TOTAL	NEW CENTURY	WMC	TOTAL
	Scheduled Interest - Net of Servicing Fee	2,673,770.29	2,291,518.57	4,965,288.86	2,468,882.83	2,496,406.03	4,965,288.86
	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
		2,673,770.29	2,291,518.57	4,965,288.86	2,468,882.83	2,496,406.03	4,965,288.86

(vi)	Servicing Fee:
	GROUP 1	211,121.80
	GROUP 2	174,226.36
	TOTAL	385,348.16

	Advances	GROUP 1	GROUP 2	TOTAL	NEW CENTURY	WMC	TOTAL
(vii)	Current Aggregate Advances as of determination date	1,014,278.34	732,985.82	1,747,264.16	929,473.89	817,790.27	1,747,264.16
	Outstanding Aggregate Advances as of end of prior calendar month	1,751,885.00	1,442,860.49	3,194,745.49	1,556,877.75	1,637,867.74	3,194,745.49

	30-59 days delinquent		60-89 days delinquent		90 or more days delinquent
	Count	Balance	Count	Balance	Count	Balance
Group 1	43	8,085,720.65	15	2,385,807.31	8	1,383,102.60
Group 2	37	5,987,241.39	7	437,975.86	22	2,263,156.47
Total	80	14,072,962.04	22	2,823,783.17	30	3,646,259.07
New Century	45	7,795,303.68	9	1,181,558.69	16	1,806,809.35
WMC	35	6,277,658.36	13	1,642,224.48	14	1,839,449.72
Total	80	14,072,962.04	22	2,823,783.17	30	3,646,259.07
*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	2,630	479,384,262.17	55	10,101,737.80	23	3,315,054.54	6	587,236.44	0.00
Group 2	2,217	402,323,565.76	39	10,150,874.19	7	951,707.47	3	246,574.47	0.00
Total	4,847	881,707,827.93	94	20,252,611.99	30	4,266,762.01	9	833,810.91	0.00
New Century	2,402	437,916,257.76	43	8,253,473.17	19	2,671,070.54	4	424,706.44	0.00
WMC	2,445	443,791,570.17	51	11,999,138.82	11	1,595,691.47	5	409,104.47	0.00
Total	4,847	881,707,827.93	94	20,252,611.99	30	4,266,762.01	9	833,810.91	0.00

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	313.41
M-11	0.00	0.00	0.00	0.00	470.10
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	783.51

	(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	6.7720%
	Subgroup 2 Net WAC Rate	7.0454%
	Subordinate Net WAC Rate	6.7873%