-----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, AILKqzCsJMxgyemO7wtvcPm5/WWk8SVfxbrrq0P6REOQwked3sdJEnPEHQTxUPfo ax4mkWISBpGNh30oCZPNQQ== 0001056404-05-002554.txt : 20050725 0001056404-05-002554.hdr.sgml : 20050725 20050725091930 ACCESSION NUMBER: 0001056404-05-002554 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050719 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050725 DATE AS OF CHANGE: 20050725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREENWICH DSLA MORTGAGE LOAN TRUST 2005-AR1 CENTRAL INDEX KEY: 0001319076 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: 333-120038-08 FILM NUMBER: 05970317 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 2036222700 MAIL ADDRESS: STREET 1: 600 STEAMBOAT ROAD STREET 2: GREENWICH CAPITAL MARKETS INC CITY: GREENWICH STATE: CT ZIP: 06830 8-K 1 dsl05ar1_10507.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): July 19, 2005 DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-AR1 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-120038-08 Pooling and Servicing Agreement) (Commission 54-2168093 (State or other File Number) 54-2168094 jurisdiction 54-2168095 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 July 19, 2005 a distribution was made to holders of DSLA MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-AR1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR1 Trust, relating to the July 19, 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. DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-AR1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/21/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR1 Trust, relating to the July 19, 2005 distribution. EX-99.1
Downey Savings and Loan Association Mortgage Pass-Through Certificates Record Date: 6/30/05 Distribution Date: 7/19/05 Downey Savings and Loan Association Mortgage Pass-Through Certificates Series 2005-AR1 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 1A 23332UCL6 SEN 3.53000% 483,043,844.45 1,373,588.84 AR 23332UCY8 SEN 5.00695% 0.00 0.00 2-A1A 23332UCM4 SEN 3.51000% 261,766,922.29 740,145.97 2-A1B 23332UCN2 SEN 3.58000% 174,511,935.60 503,273.03 2-A2 23332UCP7 SEN 3.59000% 54,173,559.55 156,666.92 B1 23332UCQ5 SUB 3.73000% 30,011,469.02 90,176.13 B2 23332UCR3 SUB 4.04000% 23,463,203.18 76,359.69 B3 23332UCS1 SUB 4.96000% 16,369,165.22 65,403.91 B4 23332UCT9 SUB 5.01000% 14,731,848.87 59,455.29 B5 23332UCU6 SUB 5.01000% 6,001,494.14 24,221.03 B6 23332UCV4 SUB 5.01000% 4,371,726.29 17,643.56 X1 23332UCW2 IO 1.00000% 0.00 707,248.62 X2 23332UCX0 SEN 1.11686% 0.02 1,381,146.80 Y DSL05AR1Y YM 0.00000% 0.01 0.00 C DSL05AR1C C 0.00000% 0.00 0.00 Totals 1,068,445,168.64 5,195,329.79
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A 11,593,115.15 0.00 471,450,729.30 12,966,703.99 0.00 AR 0.00 0.00 0.00 0.00 0.00 2-A1A 3,758,566.56 0.00 258,008,355.72 4,498,712.53 0.00 2-A1B 2,505,720.43 0.00 172,006,215.17 3,008,993.46 0.00 2-A2 777,848.20 0.00 53,395,711.34 934,515.12 0.00 B1 4.27 0.00 30,011,464.75 90,180.40 0.00 B2 3.34 0.00 23,463,199.84 76,363.03 0.00 B3 2.33 0.00 16,369,162.89 65,406.24 0.00 B4 2.10 0.00 14,731,846.77 59,457.39 0.00 B5 0.85 0.00 6,001,493.28 24,221.88 0.00 B6 0.62 0.00 4,371,725.67 17,644.18 0.03 X1 0.00 0.00 0.00 707,248.62 0.00 X2 0.00 0.00 0.02 1,381,146.80 0.00 Y 0.00 0.00 0.01 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 Totals 18,635,263.85 0.00 1,049,809,904.76 23,830,593.64 0.03 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) 1A 496,942,000.00 483,043,844.45 138.01 11,592,977.14 0.00 0.00 AR 100.00 0.00 0.00 0.00 0.00 0.00 2-A1A 266,804,000.00 261,766,922.29 0.00 3,758,566.56 0.00 0.00 2-A1B 177,870,000.00 174,511,935.60 0.00 2,505,720.43 0.00 0.00 2-A2 55,216,000.00 54,173,559.55 0.00 777,848.20 0.00 0.00 B1 30,024,000.00 30,011,469.02 4.27 0.00 0.00 0.00 B2 23,473,000.00 23,463,203.18 3.34 0.00 0.00 0.00 B3 16,376,000.00 16,369,165.22 2.33 0.00 0.00 0.00 B4 14,738,000.00 14,731,848.87 2.10 0.00 0.00 0.00 B5 6,004,000.00 6,001,494.14 0.85 0.00 0.00 0.00 B6 4,373,551.69 4,371,726.29 0.62 0.00 0.00 0.00 X1 0.00 0.00 0.00 0.00 0.00 0.00 X2 0.00 0.02 0.00 0.00 0.00 0.00 Y 0.01 0.01 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,091,820,651.70 1,068,445,168.64 151.52 18,635,112.33 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 1A 11,593,115.15 471,450,729.30 0.94870373 11,593,115.15 AR 0.00 0.00 0.00000000 0.00 2-A1A 3,758,566.56 258,008,355.72 0.96703331 3,758,566.56 2-A1B 2,505,720.43 172,006,215.17 0.96703331 2,505,720.43 2-A2 777,848.20 53,395,711.34 0.96703331 777,848.20 B1 4.27 30,011,464.75 0.99958249 4.27 B2 3.34 23,463,199.84 0.99958249 3.34 B3 2.33 16,369,162.89 0.99958249 2.33 B4 2.10 14,731,846.77 0.99958249 2.10 B5 0.85 6,001,493.28 0.99958249 0.85 B6 0.62 4,371,725.67 0.99958249 0.62 X1 0.00 0.00 0.00000000 0.00 X2 0.00 0.02 0.00000000 0.00 Y 0.00 0.01 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 Totals 18,635,263.85 1,049,809,904.76 0.96152230 18,635,263.85
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A 496,942,000.00 972.03264053 0.00027772 23.32863219 0.00000000 AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 266,804,000.00 981.12068144 0.00000000 14.08736960 0.00000000 2-A1B 177,870,000.00 981.12068140 0.00000000 14.08736960 0.00000000 2-A2 55,216,000.00 981.12068151 0.00000000 14.08736960 0.00000000 B1 30,024,000.00 999.58263456 0.00014222 0.00000000 0.00000000 B2 23,473,000.00 999.58263452 0.00014229 0.00000000 0.00000000 B3 16,376,000.00 999.58263434 0.00014228 0.00000000 0.00000000 B4 14,738,000.00 999.58263469 0.00014249 0.00000000 0.00000000 B5 6,004,000.00 999.58263491 0.00014157 0.00000000 0.00000000 B6 4,373,551.69 999.58262755 0.00014176 0.00000000 0.00000000 X1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.01 0.00000000 0.00000000 0.00000000 0.00000000 C 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 1A 0.00000000 23.32890991 948.70373062 0.94870373 23.32890991 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 14.08736960 967.03331179 0.96703331 14.08736960 2-A1B 0.00000000 14.08736960 967.03331180 0.96703331 14.08736960 2-A2 0.00000000 14.08736960 967.03331172 0.96703331 14.08736960 B1 0.00000000 0.00014222 999.58249234 0.99958249 0.00014222 B2 0.00000000 0.00014229 999.58249223 0.99958249 0.00014229 B3 0.00000000 0.00014228 999.58249206 0.99958249 0.00014228 B4 0.00000000 0.00014249 999.58249220 0.99958249 0.00014249 B5 0.00000000 0.00014157 999.58249167 0.99958249 0.00014157 B6 0.00000000 0.00014176 999.58248579 0.99958249 0.00014176 X1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 C 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 1A 496,942,000.00 3.53000% 483,043,844.45 1,373,588.84 0.00 0.00 AR 100.00 5.00695% 0.00 0.00 0.00 0.00 2-A1A 266,804,000.00 3.51000% 261,766,922.29 740,145.97 0.00 0.00 2-A1B 177,870,000.00 3.58000% 174,511,935.60 503,273.03 0.00 0.00 2-A2 55,216,000.00 3.59000% 54,173,559.55 156,666.92 0.00 0.00 B1 30,024,000.00 3.73000% 30,011,469.02 90,176.13 0.00 0.00 B2 23,473,000.00 4.04000% 23,463,203.18 76,359.69 0.00 0.00 B3 16,376,000.00 4.96000% 16,369,165.22 65,403.91 0.00 0.00 B4 14,738,000.00 5.01000% 14,731,848.87 59,455.29 0.00 0.00 B5 6,004,000.00 5.01000% 6,001,494.14 24,221.03 0.00 0.00 B6 4,373,551.69 5.01000% 4,371,726.29 17,643.56 0.00 0.00 X1 0.00 1.00000% 848,698,339.42 707,248.62 0.00 0.00 X2 0.00 1.11686% 1,068,445,168.62 994,422.01 0.00 0.00 Y 0.01 0.00000% 0.01 0.00 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,091,820,651.70 4,808,605.00 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 1A 0.00 0.00 1,373,588.84 0.00 471,450,729.30 AR 0.00 0.00 0.00 0.00 0.00 2-A1A 0.00 0.00 740,145.97 0.00 258,008,355.72 2-A1B 0.00 0.00 503,273.03 0.00 172,006,215.17 2-A2 0.00 0.00 156,666.92 0.00 53,395,711.34 B1 0.00 0.00 90,176.13 0.00 30,011,464.75 B2 0.00 0.00 76,359.69 0.00 23,463,199.84 B3 0.00 0.00 65,403.91 0.00 16,369,162.89 B4 0.00 0.00 59,455.29 0.00 14,731,846.77 B5 0.00 0.00 24,221.03 0.00 6,001,493.28 B6 0.00 0.00 17,643.56 0.00 4,371,725.67 X1 0.00 0.00 707,248.62 0.00 815,078,673.72 X2 0.00 0.00 1,381,146.80 0.00 1,049,809,904.75 Y 0.00 0.00 0.00 0.00 0.01 C 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,195,329.79 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 1A 496,942,000.00 3.53000% 972.03264053 2.76408281 0.00000000 0.00000000 AR 100.00 5.00695% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 266,804,000.00 3.51000% 981.12068144 2.77411872 0.00000000 0.00000000 2-A1B 177,870,000.00 3.58000% 981.12068140 2.82944302 0.00000000 0.00000000 2-A2 55,216,000.00 3.59000% 981.12068151 2.83734642 0.00000000 0.00000000 B1 30,024,000.00 3.73000% 999.58263456 3.00346823 0.00000000 0.00000000 B2 23,473,000.00 4.04000% 999.58263452 3.25308610 0.00000000 0.00000000 B3 16,376,000.00 4.96000% 999.58263434 3.99388801 0.00000000 0.00000000 B4 14,738,000.00 5.01000% 999.58263469 4.03414914 0.00000000 0.00000000 B5 6,004,000.00 5.01000% 999.58263491 4.03414890 0.00000000 0.00000000 B6 4,373,551.69 5.01000% 999.58262755 4.03414919 0.00000000 0.00000000 X1 0.00 1.00000% 851.39556056 0.70949630 0.00000000 0.00000000 X2 0.00 1.11686% 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 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 1A 0.00000000 0.00000000 2.76408281 0.00000000 948.70373062 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 0.00000000 2.77411872 0.00000000 967.03331179 2-A1B 0.00000000 0.00000000 2.82944302 0.00000000 967.03331180 2-A2 0.00000000 0.00000000 2.83734642 0.00000000 967.03331172 B1 0.00000000 0.00000000 3.00346823 0.00000000 999.58249234 B2 0.00000000 0.00000000 3.25308610 0.00000000 999.58249223 B3 0.00000000 0.00000000 3.99388801 0.00000000 999.58249206 B4 0.00000000 0.00000000 4.03414914 0.00000000 999.58249220 B5 0.00000000 0.00000000 4.03414890 0.00000000 999.58249167 B6 0.00000000 0.00000000 4.03414919 0.00000000 999.58248579 X1 0.00000000 0.00000000 0.70949630 0.00000000 817.66904927 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-1 IO-1 1.00000% 423,034,580.60 406,258,123.21 0.00 0.00 81.75161753% X-1 IO-2 1.00000% 425,663,758.82 408,820,550.51 0.00 0.00 81.78210216% X-2 PO-1 0.00000% 0.00 0.00 0.01 0.01 100.00000000% X-2 PO-2 0.00000% 0.00 0.00 0.01 0.01 100.00000000% X-2 IO 1.11686% 1,068,445,168.60 1,049,809,904.73 0.00 0.00 96.15223005%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 24,152,409.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,305.59 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 24,170,715.35 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 340,121.71 Payment of Interest and Principal 23,830,593.64 Total Withdrawals (Pool Distribution Amount) 24,170,715.35 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 333,889.12 Master Servicing Fee 6,232.59 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 340,121.71
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
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 1 0 0 1 518,864.44 0.00 0.00 518,864.44 30 Days 16 0 0 0 16 5,486,001.80 0.00 0.00 0.00 5,486,001.80 60 Days 2 0 0 0 2 747,385.10 0.00 0.00 0.00 747,385.10 90 Days 0 0 1 0 1 0.00 0.00 358,417.29 0.00 358,417.29 120 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 18 1 1 0 20 6,233,386.90 518,864.44 358,417.29 0.00 7,110,668.63 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 0.031027% 0.000000% 0.000000% 0.031027% 0.049495% 0.000000% 0.000000% 0.049495% 30 Days 0.496432% 0.000000% 0.000000% 0.000000% 0.496432% 0.523316% 0.000000% 0.000000% 0.000000% 0.523316% 60 Days 0.062054% 0.000000% 0.000000% 0.000000% 0.062054% 0.071294% 0.000000% 0.000000% 0.000000% 0.071294% 90 Days 0.000000% 0.000000% 0.031027% 0.000000% 0.031027% 0.000000% 0.000000% 0.034190% 0.000000% 0.034190% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.558486% 0.031027% 0.031027% 0.000000% 0.620540% 0.594610% 0.049495% 0.034190% 0.000000% 0.678295%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 11 0 0 0 11 2,016,993.02 0.00 0.00 0.00 2,016,993.02 60 Days 1 0 0 0 1 252,088.00 0.00 0.00 0.00 252,088.00 90 Days 0 0 1 0 1 0.00 0.00 358,417.29 0.00 358,417.29 120 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 12 0 1 0 13 2,269,081.02 0.00 358,417.29 0.00 2,627,498.31 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.510915% 0.000000% 0.000000% 0.000000% 0.510915% 0.389345% 0.000000% 0.000000% 0.000000% 0.389345% 60 Days 0.046447% 0.000000% 0.000000% 0.000000% 0.046447% 0.048661% 0.000000% 0.000000% 0.000000% 0.048661% 90 Days 0.000000% 0.000000% 0.046447% 0.000000% 0.046447% 0.000000% 0.000000% 0.069186% 0.000000% 0.069186% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.557362% 0.000000% 0.046447% 0.000000% 0.603809% 0.438006% 0.000000% 0.069186% 0.000000% 0.507192% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 1 518,864.44 0.00 0.00 518,864.44 30 Days 5 0 0 0 5 3,469,008.78 0.00 0.00 0.00 3,469,008.78 60 Days 1 0 0 0 1 495,297.10 0.00 0.00 0.00 495,297.10 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6 1 0 0 7 3,964,305.88 518,864.44 0.00 0.00 4,483,170.32 0-29 Days 0.093458% 0.000000% 0.000000% 0.093458% 0.097850% 0.000000% 0.000000% 0.097850% 30 Days 0.467290% 0.000000% 0.000000% 0.000000% 0.467290% 0.654199% 0.000000% 0.000000% 0.000000% 0.654199% 60 Days 0.093458% 0.000000% 0.000000% 0.000000% 0.093458% 0.093405% 0.000000% 0.000000% 0.000000% 0.093405% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.560748% 0.093458% 0.000000% 0.000000% 0.654206% 0.747604% 0.097850% 0.000000% 0.000000% 0.845454%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,305.59
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 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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 1 Aug-04 0.000% Original Principal Balance 357,500.00 Sep-04 0.000% Current Principal Balance 358,417.29 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 1 Jan-05 0.000% Original Principal Balance 357,500.00 Feb-05 0.000% Current Principal Balance 358,417.29 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.034% *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. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Aug-04 0.000% Original Principal Balance 357,500.00 Sep-04 0.000% Current Principal Balance 358,417.29 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 1 Jan-05 0.000% Original Principal Balance 357,500.00 Feb-05 0.000% Current Principal Balance 358,417.29 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.069% *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. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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.
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 1 9041145020 Jul-2005 01-Jan-2005 CA 57.02 357,500.00
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 1 9041145020 358,417.29 01-Mar-2005 3 6.304% 8,401.17
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.782675% Weighted Average Net Coupon 5.407675% Weighted Average Pass-Through Rate 5.400675% Weighted Average Maturity(Stepdown Calculation) 390 Beginning Scheduled Collateral Loan Count 3,286 Number Of Loans Paid In Full 63 Ending Scheduled Collateral Loan Count 3,223 Beginning Scheduled Collateral Balance 1,068,445,168.63 Ending Scheduled Collateral Balance 1,049,809,904.76 Ending Actual Collateral Balance at 30-Jun-2005 1,048,315,770.92 Monthly P&I Constant 3,282,346.67 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 151.53 Unscheduled Principal 20,501,643.54
Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.870947 5.695665 5.782675 Weighted Average Net Rate 5.495947 5.320665 5.407675 Weighted Average Maturity 383 397 390 Beginning Loan Count 2,200 1,086 3,286 Loans Paid In Full 47 16 63 Ending Loan Count 2,153 1,070 3,223 Beginning Scheduled Balance 530,378,422.45 538,066,746.18 1,068,445,168.63 Ending Scheduled Balance 518,785,293.78 531,024,610.98 1,049,809,904.76 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 1,656,960.77 1,625,385.90 3,282,346.67 Scheduled Principal 151.53 0.00 151.53 Unscheduled Principal 12,531,020.85 7,970,622.69 20,501,643.54 Scheduled Interest 2,594,852.95 2,553,873.39 5,148,726.34 Servicing Fees 165,743.26 168,145.86 333,889.12 Master Servicing Fees 3,093.87 3,138.72 6,232.59 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 2,426,015.82 2,382,588.81 4,808,604.63 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.488947 5.313665 5.400675
Miscellaneous Reporting Group 1 Available Funds 14,261,458.51 Deferred Interest 722,824.12 Senior % 91.075320% Senior Prepayment % 100.000000% Subordinate % 8.924680% Subordinate Prepayment % 0.000000% Net Deferred Interest 0.00 Group 2 Available Funds 9,569,135.15 Deferred Interest 757,538.47 Senior % 91.150851% Senior Prepayment % 100.000000% Subordinate % 8.849149% Subordinate Prepayment % 0.000000% Net Deferred Interest 0.00
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 1 47 12,177,323.00 12,211,121.74 0 0.00 0.00 2 16 7,577,100.00 7,607,868.89 0 0.00 0.00 Total 63 19,754,423.00 19,818,990.63 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 1 0 0.00 0.00 0 0.00 0.00 298,597.14 2 0 0.00 0.00 0 0.00 0.00 348,283.71 Total 0 0.00 0.00 0 0.00 0.00 646,880.85
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 9032728065 CA 80.00 01-Jan-2005 344,000.00 346,736.30 1 9032733719 CA 75.00 01-Jan-2005 182,250.00 183,838.35 1 9032737306 AZ 80.00 01-Feb-2005 352,000.00 354,278.21 1 9041088337 CO 87.94 01-Jan-2005 226,000.00 228,281.90 1 9041115197 CA 51.57 01-Feb-2005 312,000.00 313,568.78 1 9041133521 CA 75.00 01-Jan-2005 135,000.00 136,768.31 1 9041137779 CA 83.95 01-Jan-2005 340,000.00 341,750.83 1 9041138561 CA 22.50 01-Jan-2005 135,000.00 135,526.96 1 9041140427 CA 76.00 01-Jan-2005 190,000.00 191,031.29 1 9041147612 AZ 86.49 01-Feb-2005 160,000.00 160,004.29 1 9041148537 CA 79.14 01-Jan-2005 277,000.00 279,433.07 1 9041151036 CA 75.00 01-Jan-2005 300,000.00 302,462.38 1 9041157918 CA 72.00 01-Feb-2005 276,490.00 279,239.32 1 9041161530 NJ 74.53 01-Mar-2005 360,000.00 360,029.22 1 9041164641 CA 70.00 01-Feb-2005 217,000.00 217,838.09 1 9041166695 CA 75.72 01-Jan-2005 157,500.00 157,716.07 1 9041168253 CA 60.60 01-Jan-2005 203,000.00 204,511.79 1 9041180407 CA 64.05 01-Feb-2005 253,000.00 254,176.61 1 9041180589 CA 90.00 01-Jan-2005 192,600.00 192,622.32 1 9041184581 CA 74.81 01-Jan-2005 270,000.00 270,120.52 1 9041186693 CA 90.00 01-Feb-2005 234,540.00 234,595.56 1 9041190018 CA 42.91 01-Jan-2005 351,000.00 353,791.94 1 9041192543 CA 69.58 01-Jan-2005 263,000.00 264,454.73 1 9041193160 CA 80.00 01-Jan-2005 204,000.00 205,674.39 1 9041193368 CA 66.67 01-Feb-2005 200,000.00 202,221.57 1 9041197344 CA 75.00 01-Jan-2005 255,000.00 256,916.98 1 9041197856 CA 68.75 01-Feb-2005 247,500.00 246,561.50 1 9041199563 CA 78.48 01-Jan-2005 310,000.00 311,358.40 1 9041200585 CA 86.57 01-Feb-2005 290,000.00 290,982.63 1 9041207358 CA 54.05 01-Feb-2005 200,000.00 200,036.66 1 9041207630 CA 80.00 01-Jan-2005 192,000.00 193,234.89 1 9041208141 CA 80.00 01-Feb-2005 373,600.00 375,625.72 1 9041219452 CA 71.52 01-Feb-2005 590,000.00 592,861.86 1 9041223553 CA 75.00 01-Feb-2005 348,750.00 350,283.47 1 9041227232 CA 44.40 01-Feb-2005 248,650.00 249,952.55 1 9041228792 CA 68.06 01-Jan-2005 245,000.00 246,514.23 1 9041242546 CA 81.41 01-Feb-2005 346,000.00 347,172.38 1 9041252123 AZ 80.00 01-Feb-2005 200,000.00 201,067.78 1 9041262254 AZ 75.00 01-Feb-2005 247,500.00 248,224.12 1 9041262809 CA 74.07 01-Feb-2005 220,000.00 221,106.18 1 9041265398 CA 71.72 01-Feb-2005 355,000.00 355,239.99 1 9041280587 NJ 75.00 01-Mar-2005 375,000.00 376,293.24 1 9041289752 CA 31.35 01-Feb-2005 243,000.00 243,864.10 1 9041301342 AZ 75.93 01-Feb-2005 224,000.00 222,462.02 1 9041330648 AZ 70.00 01-Feb-2005 110,943.00 111,238.05 1 9041337445 AZ 80.00 01-Mar-2005 132,000.00 132,477.35 1 9041347220 AZ 80.00 01-Mar-2005 288,000.00 288,276.81 2 9041144007 CA 75.00 01-Jan-2005 423,750.00 426,998.55 2 9041161365 CA 70.00 01-Feb-2005 364,000.00 367,005.25 2 9041168840 CA 74.73 01-Jan-2005 545,500.00 549,977.39 2 9041187337 CA 46.34 01-Jan-2005 556,100.00 560,664.43 2 9041191115 CA 71.11 01-Jan-2005 544,000.00 544,302.02 2 9041196387 CA 75.00 01-Jan-2005 457,500.00 460,675.20 2 9041197617 CA 77.42 01-Jan-2005 600,000.00 603,082.25 2 9041200379 CA 75.00 01-Jan-2005 367,500.00 369,697.93 2 9041212465 CA 85.00 01-Jan-2005 409,700.00 411,394.76 2 9041219445 CA 80.00 01-Jan-2005 496,000.00 496,772.16 2 9041243452 CA 80.00 01-Feb-2005 475,800.00 480,484.26 2 9041245168 CA 90.00 01-Feb-2005 596,250.00 598,289.91 2 9041259797 CA 68.00 01-Feb-2005 476,000.00 477,092.75 2 9041263369 CA 80.00 01-Feb-2005 400,000.00 404,022.40 2 9041274200 CA 79.41 01-Feb-2005 405,000.00 408,901.78 2 9041282773 CA 80.00 01-Feb-2005 460,000.00 462,977.94
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 9032728065 Loan Paid in Full 0 6.304% 360 6 1 9032733719 Loan Paid in Full 0 6.454% 360 6 1 9032737306 Loan Paid in Full 0 5.354% 480 5 1 9041088337 Loan Paid in Full 0 6.354% 480 6 1 9041115197 Loan Paid in Full 0 5.954% 360 5 1 9041133521 Loan Paid in Full 0 6.404% 480 6 1 9041137779 Loan Paid in Full 0 6.254% 360 6 1 9041138561 Loan Paid in Full (1) 5.504% 360 6 1 9041140427 Loan Paid in Full 0 6.354% 360 6 1 9041147612 Loan Paid in Full 0 5.254% 360 5 1 9041148537 Loan Paid in Full 0 5.554% 480 6 1 9041151036 Loan Paid in Full 0 6.354% 360 6 1 9041157918 Loan Paid in Full 0 6.404% 480 5 1 9041161530 Loan Paid in Full 0 5.604% 360 4 1 9041164641 Loan Paid in Full 0 5.904% 360 5 1 9041166695 Loan Paid in Full 0 6.304% 480 6 1 9041168253 Loan Paid in Full 0 6.204% 360 6 1 9041180407 Loan Paid in Full 0 6.054% 360 5 1 9041180589 Loan Paid in Full 0 5.704% 360 6 1 9041184581 Loan Paid in Full 0 5.454% 360 6 1 9041186693 Loan Paid in Full 1 5.304% 360 5 1 9041190018 Loan Paid in Full (1) 6.304% 360 6 1 9041192543 Loan Paid in Full 0 6.654% 360 6 1 9041193160 Loan Paid in Full 0 6.354% 360 6 1 9041193368 Loan Paid in Full 0 6.454% 480 5 1 9041197344 Loan Paid in Full (1) 5.304% 480 6 1 9041197856 Loan Paid in Full 0 6.104% 360 5 1 9041199563 Loan Paid in Full 0 5.954% 360 6 1 9041200585 Loan Paid in Full (1) 6.054% 360 5 1 9041207358 Loan Paid in Full 0 5.504% 360 5 1 9041207630 Loan Paid in Full 0 6.004% 360 6 1 9041208141 Loan Paid in Full 0 5.104% 480 5 1 9041219452 Loan Paid in Full 0 5.954% 360 5 1 9041223553 Loan Paid in Full 0 5.804% 360 5 1 9041227232 Loan Paid in Full 0 6.004% 360 5 1 9041228792 Loan Paid in Full 0 5.954% 360 6 1 9041242546 Loan Paid in Full 0 6.054% 360 5 1 9041252123 Loan Paid in Full 0 5.104% 480 5 1 9041262254 Loan Paid in Full 0 5.454% 360 5 1 9041262809 Loan Paid in Full 0 5.954% 360 5 1 9041265398 Loan Paid in Full 0 5.254% 360 5 1 9041280587 Loan Paid in Full 0 5.854% 360 4 1 9041289752 Loan Paid in Full 0 5.604% 360 5 1 9041301342 Loan Paid in Full 0 5.204% 480 5 1 9041330648 Loan Paid in Full (1) 5.604% 360 5 1 9041337445 Loan Paid in Full 0 5.904% 360 4 1 9041347220 Loan Paid in Full (1) 5.954% 360 4 2 9041144007 Loan Paid in Full 0 6.304% 360 6 2 9041161365 Loan Paid in Full 0 6.004% 480 5 2 9041168840 Loan Paid in Full 0 6.354% 360 6 2 9041187337 Loan Paid in Full 0 6.354% 360 6 2 9041191115 Loan Paid in Full 0 6.004% 360 6 2 9041196387 Loan Paid in Full 0 6.104% 360 6 2 9041197617 Loan Paid in Full 0 6.004% 360 6 2 9041200379 Loan Paid in Full 0 5.954% 360 6 2 9041212465 Loan Paid in Full 0 6.054% 360 6 2 9041219445 Loan Paid in Full 0 5.104% 480 6 2 9041243452 Loan Paid in Full 0 6.154% 480 5 2 9041245168 Loan Paid in Full 0 5.154% 480 5 2 9041259797 Loan Paid in Full (1) 5.304% 360 5 2 9041263369 Loan Paid in Full 0 6.204% 480 5 2 9041274200 Loan Paid in Full 0 6.104% 480 5 2 9041282773 Loan Paid in Full 0 5.354% 480 5
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 1.915% Current Month 20.712% Current Month 2,008.023% 3 Month Average 1.303% 3 Month Average 14.448% 3 Month Average 1,702.726% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 2.196% N/A Mar-2005 943.369% N/A Apr-2005 5.530% N/A Apr-2005 1,278.128% N/A May-2005 10.034% N/A May-2005 1,586.785% N/A Jun-2005 12.597% N/A Jun-2005 1,513.370% N/A Jul-2005 20.712% N/A Jul-2005 2,008.023% N/A *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. 1 SMM CPR PSA Current Month 2.358% Current Month 24.904% Current Month 2,397.208% 3 Month Average 1.547% 3 Month Average 16.877% 3 Month Average 1,970.727% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 3.201% N/A Mar-2005 1,333.916% N/A Apr-2005 6.216% N/A Apr-2005 1,412.844% N/A May-2005 12.100% N/A May-2005 1,891.448% N/A Jun-2005 13.627% N/A Jun-2005 1,623.523% N/A Jul-2005 24.904% N/A Jul-2005 2,397.208% N/A *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. 2 SMM CPR PSA Current Month 1.479% Current Month 16.371% Current Month 1,598.364% 3 Month Average 1.062% 3 Month Average 11.960% 3 Month Average 1,423.433% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 1.188% N/A Mar-2005 526.318% N/A Apr-2005 4.845% N/A Apr-2005 1,138.761% N/A May-2005 7.941% N/A May-2005 1,270.549% N/A Jun-2005 11.568% N/A Jun-2005 1,401.385% N/A Jul-2005 16.371% N/A Jul-2005 1,598.364% N/A *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 1 0 0.00 0.00 0.000% 2 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A 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% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A 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% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. 1 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A 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% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A 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% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. 2 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A 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% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A 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% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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)
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