8-K 1 aeg05001_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 AEGIS ASSET BACKED SECURITIES TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-118695-02 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On June 27, 2005 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Mortgage-Backed Notes, 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 Mortgage-Backed Notes, 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage-Backed Notes, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Administrator 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 Mortgage-Backed Notes, Series 2005-1 Trust, relating to the June 27, 2005 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage-Backed Notes Record Date: 5/31/2005 Distribution Date: 6/27/2005 AEGIS Asset Backed Securities Trust Mortgage-Backed Notes 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 IA1 00764MEE3 SEN 3.21000% 188,832,755.23 555,640.38 IA2 00764MEF0 SEN 3.34000% 228,573,000.00 699,814.33 IA3 00764MEG8 SEN 3.44000% 35,655,000.00 112,432.10 IIA1 00764MEH6 SEN 3.34000% 194,040,629.78 594,087.73 IIA2 00764MEJ2 SEN 3.40000% 48,578,071.67 151,401.66 M1 00764MEK9 MEZ 3.57000% 31,500,000.00 103,083.75 M2 00764MEL7 MEZ 3.59000% 29,700,000.00 97,737.75 M3 00764MEM5 MEZ 3.64000% 18,000,000.00 60,060.00 M4 00764MEN3 MEZ 3.79000% 16,650,000.00 57,844.88 M5 00764MEP8 MEZ 3.84000% 15,750,000.00 55,440.00 M6 00764MEQ6 MEZ 3.88000% 14,400,000.00 51,216.00 B1 00764MER4 SUB 4.34000% 11,250,000.00 44,756.25 B2 00764MES2 SUB 4.39000% 9,900,000.00 39,839.25 B3 00764MET0 SUB 5.09000% 9,000,000.00 41,992.50 N1 00764MEU7 UNK 4.25000% 27,909,961.89 98,847.78 N2 00764MEV5 UNK 4.75000% 7,620,000.00 30,162.50 C AEG05001C SUB 0.00000% 0.00 0.00 Totals 887,359,418.57 2,794,356.86
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses IA1 10,112,983.64 0.00 178,719,771.59 10,668,624.02 0.00 IA2 0.00 0.00 228,573,000.00 699,814.33 0.00 IA3 0.00 0.00 35,655,000.00 112,432.10 0.00 IIA1 5,197,039.46 0.00 188,843,590.32 5,791,127.19 0.00 IIA2 1,301,078.83 0.00 47,276,992.84 1,452,480.49 0.00 M1 0.00 0.00 31,500,000.00 103,083.75 0.00 M2 0.00 0.00 29,700,000.00 97,737.75 0.00 M3 0.00 0.00 18,000,000.00 60,060.00 0.00 M4 0.00 0.00 16,650,000.00 57,844.88 0.00 M5 0.00 0.00 15,750,000.00 55,440.00 0.00 M6 0.00 0.00 14,400,000.00 51,216.00 0.00 B1 0.00 0.00 11,250,000.00 44,756.25 0.00 B2 0.00 0.00 9,900,000.00 39,839.25 0.00 B3 0.00 0.00 9,000,000.00 41,992.50 0.00 N1 2,469,605.76 0.00 25,440,356.14 2,568,453.54 0.00 N2 0.00 0.00 7,620,000.00 30,162.50 0.00 C 0.00 0.00 0.00 0.00 0.00 Totals 19,080,707.69 0.00 868,278,710.89 21,875,064.55 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) IA1 209,302,000.00 188,832,755.23 0.00 10,112,983.64 0.00 0.00 IA2 228,573,000.00 228,573,000.00 0.00 0.00 0.00 0.00 IA3 35,655,000.00 35,655,000.00 0.00 0.00 0.00 0.00 IIA1 200,000,000.00 194,040,629.78 0.00 5,197,039.46 0.00 0.00 IIA2 50,070,000.00 48,578,071.67 0.00 1,301,078.83 0.00 0.00 M1 31,500,000.00 31,500,000.00 0.00 0.00 0.00 0.00 M2 29,700,000.00 29,700,000.00 0.00 0.00 0.00 0.00 M3 18,000,000.00 18,000,000.00 0.00 0.00 0.00 0.00 M4 16,650,000.00 16,650,000.00 0.00 0.00 0.00 0.00 M5 15,750,000.00 15,750,000.00 0.00 0.00 0.00 0.00 M6 14,400,000.00 14,400,000.00 0.00 0.00 0.00 0.00 B1 11,250,000.00 11,250,000.00 0.00 0.00 0.00 0.00 B2 9,900,000.00 9,900,000.00 0.00 0.00 0.00 0.00 B3 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 N1 35,300,000.00 27,909,961.89 0.00 2,469,605.76 0.00 0.00 N2 7,620,000.00 7,620,000.00 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 Totals 922,670,000.00 887,359,418.57 0.00 19,080,707.69 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 IA1 10,112,983.64 178,719,771.59 0.85388468 10,112,983.64 IA2 0.00 228,573,000.00 1.00000000 0.00 IA3 0.00 35,655,000.00 1.00000000 0.00 IIA1 5,197,039.46 188,843,590.32 0.94421795 5,197,039.46 IIA2 1,301,078.83 47,276,992.84 0.94421795 1,301,078.83 M1 0.00 31,500,000.00 1.00000000 0.00 M2 0.00 29,700,000.00 1.00000000 0.00 M3 0.00 18,000,000.00 1.00000000 0.00 M4 0.00 16,650,000.00 1.00000000 0.00 M5 0.00 15,750,000.00 1.00000000 0.00 M6 0.00 14,400,000.00 1.00000000 0.00 B1 0.00 11,250,000.00 1.00000000 0.00 B2 0.00 9,900,000.00 1.00000000 0.00 B3 0.00 9,000,000.00 1.00000000 0.00 N1 2,469,605.76 25,440,356.14 0.72068998 2,469,605.76 N2 0.00 7,620,000.00 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 Totals 19,080,707.69 868,278,710.89 0.94105012 19,080,707.69
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion IA1 209,302,000.00 902.20234508 0.00000000 48.31766366 0.00000000 IA2 228,573,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IA3 35,655,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IIA1 200,000,000.00 970.20314890 0.00000000 25.98519730 0.00000000 IIA2 50,070,000.00 970.20314899 0.00000000 25.98519732 0.00000000 M1 31,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 29,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 18,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 15,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 14,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 11,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 9,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N1 35,300,000.00 790.65047847 0.00000000 69.96050312 0.00000000 N2 7,620,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution IA1 0.00000000 48.31766366 853.88468142 0.85388468 48.31766366 IA2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IA3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IIA1 0.00000000 25.98519730 944.21795160 0.94421795 25.98519730 IIA2 0.00000000 25.98519732 944.21795167 0.94421795 25.98519732 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N1 0.00000000 69.96050312 720.68997564 0.72068998 69.96050312 N2 0.00000000 0.00000000 1,000.00000000 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 IA1 209,302,000.00 3.21000% 188,832,755.23 555,640.38 0.00 0.00 IA2 228,573,000.00 3.34000% 228,573,000.00 699,814.33 0.00 0.00 IA3 35,655,000.00 3.44000% 35,655,000.00 112,432.10 0.00 0.00 IIA1 200,000,000.00 3.34000% 194,040,629.78 594,087.73 0.00 0.00 IIA2 50,070,000.00 3.40000% 48,578,071.67 151,401.66 0.00 0.00 M1 31,500,000.00 3.57000% 31,500,000.00 103,083.75 0.00 0.00 M2 29,700,000.00 3.59000% 29,700,000.00 97,737.75 0.00 0.00 M3 18,000,000.00 3.64000% 18,000,000.00 60,060.00 0.00 0.00 M4 16,650,000.00 3.79000% 16,650,000.00 57,844.88 0.00 0.00 M5 15,750,000.00 3.84000% 15,750,000.00 55,440.00 0.00 0.00 M6 14,400,000.00 3.88000% 14,400,000.00 51,216.00 0.00 0.00 B1 11,250,000.00 4.34000% 11,250,000.00 44,756.25 0.00 0.00 B2 9,900,000.00 4.39000% 9,900,000.00 39,839.25 0.00 0.00 B3 9,000,000.00 5.09000% 9,000,000.00 41,992.50 0.00 0.00 N1 35,300,000.00 4.25000% 27,909,961.89 98,847.78 0.00 0.00 N2 7,620,000.00 4.75000% 7,620,000.00 30,162.50 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 922,670,000.00 2,794,356.86 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 IA1 0.00 0.00 555,640.38 0.00 178,719,771.59 IA2 0.00 0.00 699,814.33 0.00 228,573,000.00 IA3 0.00 0.00 112,432.10 0.00 35,655,000.00 IIA1 0.00 0.00 594,087.73 0.00 188,843,590.32 IIA2 0.00 0.00 151,401.66 0.00 47,276,992.84 M1 0.00 0.00 103,083.75 0.00 31,500,000.00 M2 0.00 0.00 97,737.75 0.00 29,700,000.00 M3 0.00 0.00 60,060.00 0.00 18,000,000.00 M4 0.00 0.00 57,844.88 0.00 16,650,000.00 M5 0.00 0.00 55,440.00 0.00 15,750,000.00 M6 0.00 0.00 51,216.00 0.00 14,400,000.00 B1 0.00 0.00 44,756.25 0.00 11,250,000.00 B2 0.00 0.00 39,839.25 0.00 9,900,000.00 B3 0.00 0.00 41,992.50 0.00 9,000,000.00 N1 0.00 0.00 98,847.78 0.00 25,440,356.14 N2 0.00 0.00 30,162.50 0.00 7,620,000.00 C 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,794,356.86 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 IA1 209,302,000.00 3.21000% 902.20234508 2.65473039 0.00000000 0.00000000 IA2 228,573,000.00 3.34000% 1000.00000000 3.06166664 0.00000000 0.00000000 IA3 35,655,000.00 3.44000% 1000.00000000 3.15333333 0.00000000 0.00000000 IIA1 200,000,000.00 3.34000% 970.20314890 2.97043865 0.00000000 0.00000000 IIA2 50,070,000.00 3.40000% 970.20314899 3.02379988 0.00000000 0.00000000 M1 31,500,000.00 3.57000% 1000.00000000 3.27250000 0.00000000 0.00000000 M2 29,700,000.00 3.59000% 1000.00000000 3.29083333 0.00000000 0.00000000 M3 18,000,000.00 3.64000% 1000.00000000 3.33666667 0.00000000 0.00000000 M4 16,650,000.00 3.79000% 1000.00000000 3.47416697 0.00000000 0.00000000 M5 15,750,000.00 3.84000% 1000.00000000 3.52000000 0.00000000 0.00000000 M6 14,400,000.00 3.88000% 1000.00000000 3.55666667 0.00000000 0.00000000 B1 11,250,000.00 4.34000% 1000.00000000 3.97833333 0.00000000 0.00000000 B2 9,900,000.00 4.39000% 1000.00000000 4.02416667 0.00000000 0.00000000 B3 9,000,000.00 5.09000% 1000.00000000 4.66583333 0.00000000 0.00000000 N1 35,300,000.00 4.25000% 790.65047847 2.80022040 0.00000000 0.00000000 N2 7,620,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance IA1 0.00000000 0.00000000 2.65473039 0.00000000 853.88468142 IA2 0.00000000 0.00000000 3.06166664 0.00000000 1000.00000000 IA3 0.00000000 0.00000000 3.15333333 0.00000000 1000.00000000 IIA1 0.00000000 0.00000000 2.97043865 0.00000000 944.21795160 IIA2 0.00000000 0.00000000 3.02379988 0.00000000 944.21795167 M1 0.00000000 0.00000000 3.27250000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.29083333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.33666667 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.47416697 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.52000000 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.55666667 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.97833333 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.02416667 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.66583333 0.00000000 1000.00000000 N1 0.00000000 0.00000000 2.80022040 0.00000000 720.68997564 N2 0.00000000 0.00000000 3.95833333 0.00000000 1000.00000000 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 21,970,230.09 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 174,775.60 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 216,237.72 Total Deposits 22,361,243.41 Withdrawals Reimbursement for Servicer Advances 111,911.42 Payment of Service Fee 374,267.44 Payment of Interest and Principal 21,875,064.55 Total Withdrawals (Pool Distribution Amount) 22,361,243.41 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 363,366.45 Credit Risk Manager Fee 10,900.99 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 374,267.44
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 16 0 0 16 1,831,862.88 0.00 0.00 1,831,862.88 30 Days 120 3 0 0 123 14,187,444.65 221,276.53 0.00 0.00 14,408,721.18 60 Days 53 3 0 0 56 5,960,599.17 353,812.78 0.00 0.00 6,314,411.95 90 Days 8 1 11 0 20 925,280.87 63,000.00 1,395,224.79 0.00 2,383,505.66 120 Days 1 0 3 1 5 154,700.00 0.00 582,900.00 216,600.17 954,200.17 150 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 182 23 14 1 220 21,228,024.69 2,469,952.19 1,978,124.79 216,600.17 25,892,701.84 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 0.247947% 0.000000% 0.000000% 0.247947% 0.213990% 0.000000% 0.000000% 0.213990% 30 Days 1.859600% 0.046490% 0.000000% 0.000000% 1.906090% 1.657311% 0.025848% 0.000000% 0.000000% 1.683160% 60 Days 0.821323% 0.046490% 0.000000% 0.000000% 0.867813% 0.696289% 0.041331% 0.000000% 0.000000% 0.737620% 90 Days 0.123973% 0.015497% 0.170463% 0.000000% 0.309933% 0.108087% 0.007359% 0.162984% 0.000000% 0.278430% 120 Days 0.015497% 0.000000% 0.046490% 0.015497% 0.077483% 0.018071% 0.000000% 0.068092% 0.025302% 0.111465% 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 2.820394% 0.356423% 0.216953% 0.015497% 3.409267% 2.479759% 0.288528% 0.231075% 0.025302% 3.024665%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 174,775.60
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.632771% Weighted Average Net Coupon 7.132771% Weighted Average Pass-Through Rate 7.132771% Weighted Average Maturity(Stepdown Calculation) 346 Beginning Scheduled Collateral Loan Count 6,548 Number Of Loans Paid In Full 95 Ending Scheduled Collateral Loan Count 6,453 Beginning Scheduled Collateral Balance 872,079,456.68 Ending Scheduled Collateral Balance 855,468,354.75 Ending Actual Collateral Balance at 31-May-2005 856,051,898.40 Monthly P&I Constant 6,183,990.60 Special Servicing Fee 0.00 Prepayment Penalties 216,237.72 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 637,005.22 Unscheduled Principal 15,974,096.71 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 20,250,000.00 Overcollateralized Amount 20,250,000.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,355,718.45
Miscellaneous Reporting LIBOR 3.09000% Cap Contract Amount to Trust 26,659.87 Swap to Trust 0.00 Swap to Counterparty 150,224.78
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.464981 8.610410 7.525306 Weighted Average Net Rate 6.964981 8.110410 7.025306 Weighted Average Maturity 345 345 345 Beginning Loan Count 2,980 1,176 1,783 Loans Paid In Full 49 9 31 Ending Loan Count 2,931 1,167 1,752 Beginning Scheduled Balance 483,442,530.50 85,079,251.64 257,444,607.62 Ending Scheduled Balance 474,011,984.35 84,396,814.15 251,611,434.60 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 3,321,164.10 709,913.91 1,782,729.41 Scheduled Principal 313,756.30 99,441.18 168,271.46 Unscheduled Principal 9,116,789.85 582,996.31 5,664,901.56 Scheduled Interest 3,007,407.80 610,472.73 1,614,457.95 Servicing Fees 201,434.39 35,449.69 107,268.59 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,805,973.41 575,023.04 1,507,189.36 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 6.964981 8.110410 7.025306
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.188054 7.632771 Weighted Average Net Rate 7.688054 7.132771 Weighted Average Maturity 345 346 Beginning Loan Count 609 6,548 Loans Paid In Full 6 95 Ending Loan Count 603 6,453 Beginning Scheduled Balance 46,113,066.92 872,079,456.68 Ending scheduled Balance 45,448,121.65 855,468,354.75 Record Date 05/31/2005 05/31/2005 Principal And Interest Constant 370,183.18 6,183,990.60 Scheduled Principal 55,536.28 637,005.22 Unscheduled Principal 609,408.99 15,974,096.71 Scheduled Interest 314,646.90 5,546,985.38 Servicing Fees 19,213.78 363,366.45 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 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 0.00 0.00 Net Interest 295,433.12 5,183,618.93 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.688054 7.132771