-----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, STz3xIPAzwlHLevMAvJmD2l2qhsmpJjFP2OSCFDtSNI9WIsPabM6f+vVFPuhEGgv /hO4BgRnvy3XnOVuPX9JiQ== 0001056404-05-002912.txt : 20050829 0001056404-05-002912.hdr.sgml : 20050829 20050829092326 ACCESSION NUMBER: 0001056404-05-002912 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050829 DATE AS OF CHANGE: 20050829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Structured Adjustable Rate Mortgage Loan Trust Series 2005-4 CENTRAL INDEX KEY: 0001319594 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: 333-115858-43 FILM NUMBER: 051053402 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 srm05004_10508.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): August 25, 2005 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115858-43 Pooling and Servicing Agreement) (Commission 54-2169399 (State or other File Number) 54-2169400 jurisdiction 54-2169401 of Incorporation) 54-2169402 54-2169403 54-2169404 54-6654316 54-6654317 54-6654318 54-6654319 54-6654320 IRS EIN 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 August 25, 2005 a distribution was made to holders of STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-4 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 2005-4 Trust, relating to the August 25, 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. STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the August 25, 2005 distribution. EX-99.1
Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Series SARM 2005-4 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 R SRM05004R SEN 5.38892% 0.00 0.59 1A1 863579MP0 SEN 5.39020% 204,964,407.64 920,666.27 1A2 863579MQ8 SEN 5.39020% 7,401,363.08 33,245.70 2A 863579MR6 SEN 5.40521% 159,029,824.90 716,325.26 3A1 863579MS4 SEN 5.12000% 168,716,012.43 719,854.99 3A2 863579MT2 SEN 5.12000% 13,165,497.70 56,172.79 3AX 863579MU9 SEN 5.12000% 0.00 26,252.00 3PAX 863579MV7 SEN 5.12000% 0.00 29,069.69 4A 863579MW5 SEN 5.38962% 93,518,779.70 420,025.36 5A 863579MX3 SEN 5.63938% 41,699,398.81 195,965.81 6A1 863579MY1 SEN 3.70000% 35,672,905.94 109,991.46 6A2 863579MZ8 SEN 3.70000% 56,918,103.25 175,497.49 6A3 863579NA2 SEN 3.70000% 4,584,364.78 14,135.12 6AX1 863579NB0 SEN 1.36122% 0.00 110,230.61 6AX2 863579NC8 SEN 0.01000% 0.00 809.79 B1I 863579ND6 SUB 5.33556% 25,878,348.47 115,062.91 B2I 863579NE4 SUB 5.33556% 9,552,638.50 42,473.90 B3I 863579NF1 SUB 5.33556% 3,182,214.58 14,149.08 B4I 863579NG9 SUB 5.33556% 2,385,911.59 10,608.48 B5I 863579NQ7 SUB 5.33556% 3,978,517.57 17,689.68 B6I 863579NR5 SUB 5.33556% 4,774,820.56 21,230.29 B7I 863579NS3 SUB 5.33556% 4,003,520.69 17,800.86 B1II 863579NH7 SUB 3.93000% 2,978,865.72 10,080.98 B2II 863579NJ3 SUB 3.98000% 859,672.66 2,946.29 B3II 863579NK0 SUB 4.23000% 2,051,218.94 7,471.57 B4II 863579NL8 SUB 4.76000% 1,058,596.91 4,339.07 B5II 863579NM6 SUB 5.07122% 793,697.78 3,354.18 B6II 863579NT1 SUB 5.07122% 926,647.15 3,916.02 B7II 863579NU8 SUB 5.07122% 661,748.02 2,796.56 B8II 863579NV6 SUB 5.07122% 534,167.60 2,257.40 BXII 863579NN4 SUB 0.78164% 0.00 4,525.94 PI SRM0504PI SEN 0.00000% 0.01 67,344.46 PII SRM504PII SEN 0.00000% 0.01 7,197.75 PIII SRM54PIII SEN 0.00000% 0.01 0.00 Totals 849,291,245.00 3,883,488.35
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses R 0.00 0.00 0.00 0.59 0.00 1A1 7,586,555.61 0.00 197,377,852.03 8,507,221.88 0.00 1A2 273,954.16 0.00 7,127,408.92 307,199.86 0.00 2A 4,519,374.73 0.00 154,510,450.17 5,235,699.99 0.00 3A1 4,247,405.68 0.00 164,468,606.75 4,967,260.67 0.00 3A2 331,439.85 0.00 12,834,057.85 387,612.64 0.00 3AX 0.00 0.00 0.00 26,252.00 0.00 3PAX 0.00 0.00 0.00 29,069.69 0.00 4A 3,352,589.46 0.00 90,166,190.24 3,772,614.82 0.00 5A 517,157.94 0.00 41,182,240.87 713,123.75 0.00 6A1 2,499,730.31 0.00 33,173,175.63 2,609,721.77 0.00 6A2 3,988,458.58 0.00 52,929,644.67 4,163,956.07 0.00 6A3 321,243.12 0.00 4,263,121.66 335,378.24 0.00 6AX1 0.00 0.00 0.00 110,230.61 0.00 6AX2 0.00 0.00 0.00 809.79 0.00 B1I 4,532.39 0.00 25,873,816.08 119,595.30 0.00 B2I 1,673.07 0.00 9,550,965.43 44,146.97 0.00 B3I 557.34 0.00 3,181,657.24 14,706.42 0.00 B4I 417.87 0.00 2,385,493.72 11,026.35 0.00 B5I 696.81 0.00 3,977,820.77 18,386.49 0.00 B6I 836.27 0.00 4,773,984.29 22,066.56 0.00 B7I 701.19 0.00 4,002,819.50 18,502.05 0.00 B1II 179.49 0.00 2,978,686.23 10,260.47 0.00 B2II 51.80 0.00 859,620.86 2,998.09 0.00 B3II 123.60 0.00 2,051,095.35 7,595.17 0.00 B4II 63.79 0.00 1,058,533.13 4,402.86 0.00 B5II 47.82 0.00 793,649.95 3,402.00 0.00 B6II 55.84 0.00 926,591.32 3,971.86 0.00 B7II 39.87 0.00 661,708.15 2,836.43 0.00 B8II 32.19 0.00 534,135.42 2,289.59 0.00 BXII 0.00 0.00 0.00 4,525.94 0.00 PI 0.00 0.00 0.01 67,344.46 0.00 PII 0.00 0.00 0.01 7,197.75 0.00 PIII 0.00 0.00 0.01 0.00 0.00 Totals 27,647,918.78 0.00 821,643,326.26 31,531,407.13 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 100.00 0.00 0.00 0.00 0.00 0.00 1A1 224,367,000.00 204,964,407.64 28,640.21 7,557,915.40 0.00 0.00 1A2 8,102,000.00 7,401,363.08 1,034.21 272,919.95 0.00 0.00 2A 168,698,000.00 159,029,824.90 25,331.82 4,494,042.91 0.00 0.00 3A1 185,241,000.00 168,716,012.43 41,704.92 4,205,700.76 0.00 0.00 3A2 14,455,000.00 13,165,497.70 3,254.38 328,185.47 0.00 0.00 3AX 0.00 0.00 0.00 0.00 0.00 0.00 3PAX 0.00 0.00 0.00 0.00 0.00 0.00 4A 98,825,000.00 93,518,779.70 13,631.04 3,338,958.42 0.00 0.00 5A 43,550,000.00 41,699,398.81 6,756.95 510,400.99 0.00 0.00 6A1 45,000,000.00 35,672,905.94 2,149.47 2,497,580.84 0.00 0.00 6A2 71,800,000.00 56,918,103.25 3,429.60 3,985,028.98 0.00 0.00 6A3 5,783,000.00 4,584,364.78 276.23 320,966.89 0.00 0.00 6AX1 0.00 0.00 0.00 0.00 0.00 0.00 6AX2 0.00 0.00 0.00 0.00 0.00 0.00 B1I 25,901,000.00 25,878,348.47 4,532.39 0.00 0.00 0.00 B2I 9,561,000.00 9,552,638.50 1,673.07 0.00 0.00 0.00 B3I 3,185,000.00 3,182,214.58 557.34 0.00 0.00 0.00 B4I 2,388,000.00 2,385,911.59 417.87 0.00 0.00 0.00 B5I 3,982,000.00 3,978,517.57 696.81 0.00 0.00 0.00 B6I 4,779,000.00 4,774,820.56 836.27 0.00 0.00 0.00 B7I 4,007,025.00 4,003,520.69 701.19 0.00 0.00 0.00 B1II 2,980,000.00 2,978,865.72 179.49 0.00 0.00 0.00 B2II 860,000.00 859,672.66 51.80 0.00 0.00 0.00 B3II 2,052,000.00 2,051,218.94 123.60 0.00 0.00 0.00 B4II 1,059,000.00 1,058,596.91 63.79 0.00 0.00 0.00 B5II 794,000.00 793,697.78 47.82 0.00 0.00 0.00 B6II 927,000.00 926,647.15 55.84 0.00 0.00 0.00 B7II 662,000.00 661,748.02 39.87 0.00 0.00 0.00 B8II 534,371.00 534,167.60 32.19 0.00 0.00 0.00 BXII 0.00 0.00 0.00 0.00 0.00 0.00 PI 0.01 0.01 0.00 0.00 0.00 0.00 PII 0.01 0.01 0.00 0.00 0.00 0.00 PIII 0.01 0.01 0.00 0.00 0.00 0.00 Totals 929,492,496.03 849,291,245.00 136,218.17 27,511,700.61 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 R 0.00 0.00 0.00000000 0.00 1A1 7,586,555.61 197,377,852.03 0.87970981 7,586,555.61 1A2 273,954.16 7,127,408.92 0.87970981 273,954.16 2A 4,519,374.73 154,510,450.17 0.91589972 4,519,374.73 3A1 4,247,405.68 164,468,606.75 0.88786287 4,247,405.68 3A2 331,439.85 12,834,057.85 0.88786287 331,439.85 3AX 0.00 0.00 0.00000000 0.00 3PAX 0.00 0.00 0.00000000 0.00 4A 3,352,589.46 90,166,190.24 0.91238240 3,352,589.46 5A 517,157.94 41,182,240.87 0.94563125 517,157.94 6A1 2,499,730.31 33,173,175.63 0.73718168 2,499,730.31 6A2 3,988,458.58 52,929,644.67 0.73718168 3,988,458.58 6A3 321,243.12 4,263,121.66 0.73718168 321,243.12 6AX1 0.00 0.00 0.00000000 0.00 6AX2 0.00 0.00 0.00000000 0.00 B1I 4,532.39 25,873,816.08 0.99895047 4,532.39 B2I 1,673.07 9,550,965.43 0.99895047 1,673.07 B3I 557.34 3,181,657.24 0.99895047 557.34 B4I 417.87 2,385,493.72 0.99895047 417.87 B5I 696.81 3,977,820.77 0.99895047 696.81 B6I 836.27 4,773,984.29 0.99895047 836.27 B7I 701.19 4,002,819.50 0.99895047 701.19 B1II 179.49 2,978,686.23 0.99955914 179.49 B2II 51.80 859,620.86 0.99955914 51.80 B3II 123.60 2,051,095.35 0.99955914 123.60 B4II 63.79 1,058,533.13 0.99955914 63.79 B5II 47.82 793,649.95 0.99955913 47.82 B6II 55.84 926,591.32 0.99955914 55.84 B7II 39.87 661,708.15 0.99955914 39.87 B8II 32.19 534,135.42 0.99955915 32.19 BXII 0.00 0.00 0.00000000 0.00 PI 0.00 0.01 1.00000000 0.00 PII 0.00 0.01 1.00000000 0.00 PIII 0.00 0.01 1.00000000 0.00 Totals 27,647,918.78 821,643,326.26 0.88396983 27,647,918.78
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 1A1 224,367,000.00 913.52296746 0.12764894 33.68550366 0.00000000 1A2 8,102,000.00 913.52296717 0.12764873 33.68550358 0.00000000 2A 168,698,000.00 942.68945038 0.15016076 26.63957433 0.00000000 3A1 185,241,000.00 910.79195443 0.22513871 22.70394114 0.00000000 3A2 14,455,000.00 910.79195434 0.22513871 22.70394120 0.00000000 3AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4A 98,825,000.00 946.30690311 0.13793109 33.78657647 0.00000000 5A 43,550,000.00 957.50628726 0.15515385 11.71988496 0.00000000 6A1 45,000,000.00 792.73124311 0.04776600 55.50179644 0.00000000 6A2 71,800,000.00 792.73124304 0.04776602 55.50179638 0.00000000 6A3 5,783,000.00 792.73124330 0.04776587 55.50179665 0.00000000 6AX1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 6AX2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1I 25,901,000.00 999.12545732 0.17498900 0.00000000 0.00000000 B2I 9,561,000.00 999.12545759 0.17498902 0.00000000 0.00000000 B3I 3,185,000.00 999.12545683 0.17498901 0.00000000 0.00000000 B4I 2,388,000.00 999.12545645 0.17498744 0.00000000 0.00000000 B5I 3,982,000.00 999.12545706 0.17498995 0.00000000 0.00000000 B6I 4,779,000.00 999.12545721 0.17498849 0.00000000 0.00000000 B7I 4,007,025.00 999.12545841 0.17499017 0.00000000 0.00000000 B1II 2,980,000.00 999.61936913 0.06023154 0.00000000 0.00000000 B2II 860,000.00 999.61937209 0.06023256 0.00000000 0.00000000 B3II 2,052,000.00 999.61936647 0.06023392 0.00000000 0.00000000 B4II 1,059,000.00 999.61936733 0.06023607 0.00000000 0.00000000 B5II 794,000.00 999.61937028 0.06022670 0.00000000 0.00000000 B6II 927,000.00 999.61936354 0.06023732 0.00000000 0.00000000 B7II 662,000.00 999.61936556 0.06022659 0.00000000 0.00000000 B8II 534,371.00 999.61936557 0.06023905 0.00000000 0.00000000 BXII 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PI 0.01 0.00000000 0.00000000 0.00000000 0.00000000 PII 0.01 0.00000000 0.00000000 0.00000000 0.00000000 PIII 0.01 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1000 Denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1A1 0.00000000 33.81315260 879.70981486 0.87970981 33.81315260 1A2 0.00000000 33.81315231 879.70981486 0.87970981 33.81315231 2A 0.00000000 26.78973509 915.89971529 0.91589972 26.78973509 3A1 0.00000000 22.92907985 887.86287458 0.88786287 22.92907985 3A2 0.00000000 22.92907990 887.86287444 0.88786287 22.92907990 3AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4A 0.00000000 33.92450756 912.38239555 0.91238240 33.92450756 5A 0.00000000 11.87503881 945.63124845 0.94563125 11.87503881 6A1 0.00000000 55.54956244 737.18168067 0.73718168 55.54956244 6A2 0.00000000 55.54956240 737.18168064 0.73718168 55.54956240 6A3 0.00000000 55.54956251 737.18168079 0.73718168 55.54956251 6AX1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 6AX2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1I 0.00000000 0.17498900 998.95046832 0.99895047 0.17498900 B2I 0.00000000 0.17498902 998.95046857 0.99895047 0.17498902 B3I 0.00000000 0.17498901 998.95046782 0.99895047 0.17498901 B4I 0.00000000 0.17498744 998.95046901 0.99895047 0.17498744 B5I 0.00000000 0.17498995 998.95046961 0.99895047 0.17498995 B6I 0.00000000 0.17498849 998.95046872 0.99895047 0.17498849 B7I 0.00000000 0.17499017 998.95046824 0.99895047 0.17499017 B1II 0.00000000 0.06023154 999.55913758 0.99955914 0.06023154 B2II 0.00000000 0.06023256 999.55913953 0.99955914 0.06023256 B3II 0.00000000 0.06023392 999.55913743 0.99955914 0.06023392 B4II 0.00000000 0.06023607 999.55914070 0.99955914 0.06023607 B5II 0.00000000 0.06022670 999.55913098 0.99955913 0.06022670 B6II 0.00000000 0.06023732 999.55913700 0.99955914 0.06023732 B7II 0.00000000 0.06022659 999.55913897 0.99955914 0.06022659 B8II 0.00000000 0.06023905 999.55914524 0.99955915 0.06023905 BXII 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PI 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 PII 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 PIII 0.00000000 0.00000000 0.00000000 1.00000000 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 R 100.00 5.38892% 0.00 0.00 0.00 0.00 1A1 224,367,000.00 5.39020% 204,964,407.64 920,666.27 0.00 0.00 1A2 8,102,000.00 5.39020% 7,401,363.08 33,245.70 0.00 0.00 2A 168,698,000.00 5.40521% 159,029,824.90 716,325.26 0.00 0.00 3A1 185,241,000.00 5.12000% 168,716,012.43 719,854.99 0.00 0.00 3A2 14,455,000.00 5.12000% 13,165,497.70 56,172.79 0.00 0.00 3AX 0.00 5.12000% 6,152,812.34 26,252.00 0.00 0.00 3PAX 0.00 5.12000% 6,813,209.14 29,069.69 0.00 0.00 4A 98,825,000.00 5.38962% 93,518,779.70 420,025.36 0.00 0.00 5A 43,550,000.00 5.63938% 41,699,398.81 195,965.81 0.00 0.00 6A1 45,000,000.00 3.70000% 35,672,905.94 109,991.46 0.00 0.00 6A2 71,800,000.00 3.70000% 56,918,103.25 175,497.49 0.00 0.00 6A3 5,783,000.00 3.70000% 4,584,364.78 14,135.12 0.00 0.00 6AX1 0.00 1.36122% 97,175,373.96 110,230.61 0.00 0.00 6AX2 0.00 0.01000% 97,175,373.96 809.79 0.00 0.00 B1I 25,901,000.00 5.33556% 25,878,348.47 115,062.91 0.00 0.00 B2I 9,561,000.00 5.33556% 9,552,638.50 42,473.90 0.00 0.00 B3I 3,185,000.00 5.33556% 3,182,214.58 14,149.08 0.00 0.00 B4I 2,388,000.00 5.33556% 2,385,911.59 10,608.48 0.00 0.00 B5I 3,982,000.00 5.33556% 3,978,517.57 17,689.68 0.00 0.00 B6I 4,779,000.00 5.33556% 4,774,820.56 21,230.29 0.00 0.00 B7I 4,007,025.00 5.33556% 4,003,520.69 17,800.86 0.00 0.00 B1II 2,980,000.00 3.93000% 2,978,865.72 10,080.98 0.00 0.00 B2II 860,000.00 3.98000% 859,672.66 2,946.29 0.00 0.00 B3II 2,052,000.00 4.23000% 2,051,218.94 7,471.57 0.00 0.00 B4II 1,059,000.00 4.76000% 1,058,596.91 4,339.07 0.00 0.00 B5II 794,000.00 5.07122% 793,697.78 3,354.18 0.00 0.00 B6II 927,000.00 5.07122% 926,647.15 3,916.02 0.00 0.00 B7II 662,000.00 5.07122% 661,748.02 2,796.56 0.00 0.00 B8II 534,371.00 5.07122% 534,167.60 2,257.40 0.00 0.00 BXII 0.00 0.78164% 6,948,354.23 4,525.94 0.00 0.00 PI 0.01 0.00000% 0.01 0.00 0.00 0.00 PII 0.01 0.00000% 0.01 0.00 0.00 0.00 PIII 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 929,492,496.03 3,808,945.55 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 R 0.00 0.00 0.59 0.00 0.00 1A1 0.00 0.00 920,666.27 0.00 197,377,852.03 1A2 0.00 0.00 33,245.70 0.00 7,127,408.92 2A 0.00 0.00 716,325.26 0.00 154,510,450.17 3A1 0.00 0.00 719,854.99 0.00 164,468,606.75 3A2 0.00 0.00 56,172.79 0.00 12,834,057.85 3AX 0.00 0.00 26,252.00 0.00 5,892,910.65 3PAX 0.00 0.00 29,069.69 0.00 6,532,965.36 4A 0.00 0.00 420,025.36 0.00 90,166,190.24 5A 0.00 0.00 195,965.81 0.00 41,182,240.87 6A1 0.00 0.00 109,991.46 0.00 33,173,175.63 6A2 0.00 0.00 175,497.49 0.00 52,929,644.67 6A3 0.00 0.00 14,135.12 0.00 4,263,121.66 6AX1 0.00 0.00 110,230.61 0.00 90,365,941.96 6AX2 0.00 0.00 809.79 0.00 90,365,941.96 B1I 0.00 0.00 115,062.91 0.00 25,873,816.08 B2I 0.00 0.00 42,473.90 0.00 9,550,965.43 B3I 0.00 0.00 14,149.08 0.00 3,181,657.24 B4I 0.00 0.00 10,608.48 0.00 2,385,493.72 B5I 0.00 0.00 17,689.68 0.00 3,977,820.77 B6I 0.00 0.00 21,230.29 0.00 4,773,984.29 B7I 0.00 0.00 17,800.86 0.00 4,002,819.50 B1II 0.00 0.00 10,080.98 0.00 2,978,686.23 B2II 0.00 0.00 2,946.29 0.00 859,620.86 B3II 0.00 0.00 7,471.57 0.00 2,051,095.35 B4II 0.00 0.00 4,339.07 0.00 1,058,533.13 B5II 0.00 0.00 3,354.18 0.00 793,649.95 B6II 0.00 0.00 3,916.02 0.00 926,591.32 B7II 0.00 0.00 2,796.56 0.00 661,708.15 B8II 0.00 0.00 2,257.40 0.00 534,135.42 BXII 0.00 0.00 4,525.94 0.00 6,947,935.56 PI 0.00 0.00 67,344.46 0.00 0.01 PII 0.00 0.00 7,197.75 0.00 0.01 PIII 0.00 0.00 0.00 0.00 0.01 Totals 0.00 0.00 3,883,488.35 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 R 100.00 5.38892% 0.00000000 0.00000000 0.00000000 0.00000000 1A1 224,367,000.00 5.39020% 913.52296746 4.10339430 0.00000000 0.00000000 1A2 8,102,000.00 5.39020% 913.52296717 4.10339422 0.00000000 0.00000000 2A 168,698,000.00 5.40521% 942.68945038 4.24619889 0.00000000 0.00000000 3A1 185,241,000.00 5.12000% 910.79195443 3.88604569 0.00000000 0.00000000 3A2 14,455,000.00 5.12000% 910.79195434 3.88604566 0.00000000 0.00000000 3AX 0.00 5.12000% 887.50208648 3.78667567 0.00000000 0.00000000 3PAX 0.00 5.12000% 961.39728661 4.10196143 0.00000000 0.00000000 4A 98,825,000.00 5.38962% 946.30690311 4.25019337 0.00000000 0.00000000 5A 43,550,000.00 5.63938% 957.50628726 4.49978898 0.00000000 0.00000000 6A1 45,000,000.00 3.70000% 792.73124311 2.44425467 0.00000000 0.00000000 6A2 71,800,000.00 3.70000% 792.73124304 2.44425474 0.00000000 0.00000000 6A3 5,783,000.00 3.70000% 792.73124330 2.44425385 0.00000000 0.00000000 6AX1 0.00 1.36122% 792.73124299 0.89923244 0.00000000 0.00000000 6AX2 0.00 0.01000% 792.73124299 0.00660605 0.00000000 0.00000000 B1I 25,901,000.00 5.33556% 999.12545732 4.44241188 0.00000000 0.00000000 B2I 9,561,000.00 5.33556% 999.12545759 4.44241188 0.00000000 0.00000000 B3I 3,185,000.00 5.33556% 999.12545683 4.44241130 0.00000000 0.00000000 B4I 2,388,000.00 5.33556% 999.12545645 4.44241206 0.00000000 0.00000000 B5I 3,982,000.00 5.33556% 999.12545706 4.44241085 0.00000000 0.00000000 B6I 4,779,000.00 5.33556% 999.12545721 4.44241264 0.00000000 0.00000000 B7I 4,007,025.00 5.33556% 999.12545841 4.44241301 0.00000000 0.00000000 B1II 2,980,000.00 3.93000% 999.61936913 3.38287919 0.00000000 0.00000000 B2II 860,000.00 3.98000% 999.61937209 3.42591860 0.00000000 0.00000000 B3II 2,052,000.00 4.23000% 999.61936647 3.64111598 0.00000000 0.00000000 B4II 1,059,000.00 4.76000% 999.61936733 4.09732767 0.00000000 0.00000000 B5II 794,000.00 5.07122% 999.61937028 4.22440806 0.00000000 0.00000000 B6II 927,000.00 5.07122% 999.61936354 4.22440129 0.00000000 0.00000000 B7II 662,000.00 5.07122% 999.61936556 4.22441088 0.00000000 0.00000000 B8II 534,371.00 5.07122% 999.61936557 4.22440589 0.00000000 0.00000000 BXII 0.00 0.78164% 999.61936844 0.65112070 0.00000000 0.00000000 PI 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 PII 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 PIII 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are Per 1000 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 R 0.00000000 0.00000000 5.90000000 0.00000000 0.00000000 1A1 0.00000000 0.00000000 4.10339430 0.00000000 879.70981486 1A2 0.00000000 0.00000000 4.10339422 0.00000000 879.70981486 2A 0.00000000 0.00000000 4.24619889 0.00000000 915.89971529 3A1 0.00000000 0.00000000 3.88604569 0.00000000 887.86287458 3A2 0.00000000 0.00000000 3.88604566 0.00000000 887.86287444 3AX 0.00000000 0.00000000 3.78667567 0.00000000 850.01300354 3PAX 0.00000000 0.00000000 4.10196143 0.00000000 921.85268961 4A 0.00000000 0.00000000 4.25019337 0.00000000 912.38239555 5A 0.00000000 0.00000000 4.49978898 0.00000000 945.63124845 6A1 0.00000000 0.00000000 2.44425467 0.00000000 737.18168067 6A2 0.00000000 0.00000000 2.44425474 0.00000000 737.18168064 6A3 0.00000000 0.00000000 2.44425385 0.00000000 737.18168079 6AX1 0.00000000 0.00000000 0.89923244 0.00000000 737.18168066 6AX2 0.00000000 0.00000000 0.00660605 0.00000000 737.18168066 B1I 0.00000000 0.00000000 4.44241188 0.00000000 998.95046832 B2I 0.00000000 0.00000000 4.44241188 0.00000000 998.95046857 B3I 0.00000000 0.00000000 4.44241130 0.00000000 998.95046782 B4I 0.00000000 0.00000000 4.44241206 0.00000000 998.95046901 B5I 0.00000000 0.00000000 4.44241085 0.00000000 998.95046961 B6I 0.00000000 0.00000000 4.44241264 0.00000000 998.95046872 B7I 0.00000000 0.00000000 4.44241301 0.00000000 998.95046824 B1II 0.00000000 0.00000000 3.38287919 0.00000000 999.55913758 B2II 0.00000000 0.00000000 3.42591860 0.00000000 999.55913953 B3II 0.00000000 0.00000000 3.64111598 0.00000000 999.55913743 B4II 0.00000000 0.00000000 4.09732767 0.00000000 999.55914070 B5II 0.00000000 0.00000000 4.22440806 0.00000000 999.55913098 B6II 0.00000000 0.00000000 4.22440129 0.00000000 999.55913700 B7II 0.00000000 0.00000000 4.22441088 0.00000000 999.55913897 B8II 0.00000000 0.00000000 4.22440589 0.00000000 999.55914524 BXII 0.00000000 0.00000000 0.65112070 0.00000000 999.55913681 PI 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PII 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PIII 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 31,712,769.15 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 31,712,769.15 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 181,362.02 Payment of Interest and Principal 31,531,407.13 Total Withdrawals (Pool Distribution Amount) 31,712,769.15 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 177,823.31 Wells Fargo Bank, N.A. 3,538.71 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 181,362.02
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 1 315,200.00 0.00 0.00 315,200.00 30 Days 37 0 0 0 37 8,421,065.77 0.00 0.00 0.00 8,421,065.77 60 Days 10 0 0 0 10 3,854,818.26 0.00 0.00 0.00 3,854,818.26 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 2 0 0 0 2 454,698.69 0.00 0.00 0.00 454,698.69 150 Days 0 0 2 0 2 0.00 0.00 505,590.68 0.00 505,590.68 180+ Days 0 0 2 0 2 0.00 0.00 661,947.63 0.00 661,947.63 Totals 49 1 4 0 54 12,730,582.72 315,200.00 1,167,538.31 0.00 14,213,321.03 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 0.034048% 0.000000% 0.000000% 0.034048% 0.038357% 0.000000% 0.000000% 0.038357% 30 Days 1.259789% 0.000000% 0.000000% 0.000000% 1.259789% 1.024772% 0.000000% 0.000000% 0.000000% 1.024772% 60 Days 0.340483% 0.000000% 0.000000% 0.000000% 0.340483% 0.469099% 0.000000% 0.000000% 0.000000% 0.469099% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.068097% 0.000000% 0.000000% 0.000000% 0.068097% 0.055333% 0.000000% 0.000000% 0.000000% 0.055333% 150 Days 0.000000% 0.000000% 0.068097% 0.000000% 0.068097% 0.000000% 0.000000% 0.061526% 0.000000% 0.061526% 180+ Days 0.000000% 0.000000% 0.068097% 0.000000% 0.068097% 0.000000% 0.000000% 0.080553% 0.000000% 0.080553% Totals 1.668369% 0.034048% 0.136193% 0.000000% 1.838611% 1.549203% 0.038357% 0.142079% 0.000000% 1.729640%
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 18 0 0 0 18 4,366,805.70 0.00 0.00 0.00 4,366,805.70 60 Days 3 0 0 0 3 1,404,130.24 0.00 0.00 0.00 1,404,130.24 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 0 1 272,000.00 0.00 0.00 0.00 272,000.00 150 Days 0 0 1 0 1 0.00 0.00 106,769.45 0.00 106,769.45 180+ Days 0 0 2 0 2 0.00 0.00 661,947.63 0.00 661,947.63 Totals 22 0 3 0 25 6,042,935.94 0.00 768,717.08 0.00 6,811,653.02 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.769231% 0.000000% 0.000000% 0.000000% 2.769231% 1.972839% 0.000000% 0.000000% 0.000000% 1.972839% 60 Days 0.461538% 0.000000% 0.000000% 0.000000% 0.461538% 0.634359% 0.000000% 0.000000% 0.000000% 0.634359% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.153846% 0.000000% 0.000000% 0.000000% 0.153846% 0.122884% 0.000000% 0.000000% 0.000000% 0.122884% 150 Days 0.000000% 0.000000% 0.153846% 0.000000% 0.153846% 0.000000% 0.000000% 0.048236% 0.000000% 0.048236% 180+ Days 0.000000% 0.000000% 0.307692% 0.000000% 0.307692% 0.000000% 0.000000% 0.299055% 0.000000% 0.299055% Totals 3.384615% 0.000000% 0.461538% 0.000000% 3.846154% 2.730082% 0.000000% 0.347292% 0.000000% 3.077373% 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 1 315,200.00 0.00 0.00 315,200.00 30 Days 10 0 0 0 10 1,635,174.55 0.00 0.00 0.00 1,635,174.55 60 Days 4 0 0 0 4 891,688.02 0.00 0.00 0.00 891,688.02 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 0 0 0 1 182,698.69 0.00 0.00 0.00 182,698.69 150 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 15 1 0 0 16 2,709,561.26 315,200.00 0.00 0.00 3,024,761.26 0-29 Days 0.113636% 0.000000% 0.000000% 0.113636% 0.189045% 0.000000% 0.000000% 0.189045% 30 Days 1.136364% 0.000000% 0.000000% 0.000000% 1.136364% 0.980717% 0.000000% 0.000000% 0.000000% 0.980717% 60 Days 0.454545% 0.000000% 0.000000% 0.000000% 0.454545% 0.534802% 0.000000% 0.000000% 0.000000% 0.534802% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.113636% 0.000000% 0.000000% 0.000000% 0.113636% 0.109576% 0.000000% 0.000000% 0.000000% 0.109576% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.704545% 0.113636% 0.000000% 0.000000% 1.818182% 1.625095% 0.189045% 0.000000% 0.000000% 1.814140% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) 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 2 0 0 0 2 445,028.82 0.00 0.00 0.00 445,028.82 60 Days 1 0 0 0 1 775,000.00 0.00 0.00 0.00 775,000.00 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 3 0 0 0 3 1,220,028.82 0.00 0.00 0.00 1,220,028.82 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.481928% 0.000000% 0.000000% 0.000000% 0.481928% 0.328860% 0.000000% 0.000000% 0.000000% 0.328860% 60 Days 0.240964% 0.000000% 0.000000% 0.000000% 0.240964% 0.572696% 0.000000% 0.000000% 0.000000% 0.572696% 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 0.722892% 0.000000% 0.000000% 0.000000% 0.722892% 0.901556% 0.000000% 0.000000% 0.000000% 0.901556% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(B) 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 2 0 0 0 2 804,462.04 0.00 0.00 0.00 804,462.04 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 1 0.00 0.00 398,821.23 0.00 398,821.23 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 1 0 3 804,462.04 0.00 398,821.23 0.00 1,203,283.27 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.801802% 0.000000% 0.000000% 0.000000% 1.801802% 1.425036% 0.000000% 0.000000% 0.000000% 1.425036% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.900901% 0.000000% 0.900901% 0.000000% 0.000000% 0.706478% 0.000000% 0.706478% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.801802% 0.000000% 0.900901% 0.000000% 2.702703% 1.425036% 0.000000% 0.706478% 0.000000% 2.131514% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 3 0 0 0 3 490,594.66 0.00 0.00 0.00 490,594.66 60 Days 1 0 0 0 1 240,000.00 0.00 0.00 0.00 240,000.00 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 4 0 0 0 4 730,594.66 0.00 0.00 0.00 730,594.66 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.594059% 0.000000% 0.000000% 0.000000% 0.594059% 0.504089% 0.000000% 0.000000% 0.000000% 0.504089% 60 Days 0.198020% 0.000000% 0.000000% 0.000000% 0.198020% 0.246601% 0.000000% 0.000000% 0.000000% 0.246601% 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 0.792079% 0.000000% 0.000000% 0.000000% 0.792079% 0.750690% 0.000000% 0.000000% 0.000000% 0.750690% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 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 2 0 0 0 2 679,000.00 0.00 0.00 0.00 679,000.00 60 Days 1 0 0 0 1 544,000.00 0.00 0.00 0.00 544,000.00 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 3 0 0 0 3 1,223,000.00 0.00 0.00 0.00 1,223,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.714286% 0.000000% 0.000000% 0.000000% 0.714286% 0.677406% 0.000000% 0.000000% 0.000000% 0.677406% 60 Days 0.357143% 0.000000% 0.000000% 0.000000% 0.357143% 0.542723% 0.000000% 0.000000% 0.000000% 0.542723% 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 1.071429% 0.000000% 0.000000% 0.000000% 1.071429% 1.220130% 0.000000% 0.000000% 0.000000% 1.220130%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 404,050.00 0.04346996% 404,050.00 0.04917584% Fraud 18,589,849.00 1.99999990% 18,589,849.00 2.26252054% Special Hazard 10,895,411.00 1.17218924% 8,216,433.27 1.00000000% Limit of Subordinate's Exposure to Certain Types of Losses
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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 3(A) 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 3(B) 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 5 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 6 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 399,200.00 Oct-04 0.000% Current Principal Balance 398,821.23 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 4 Feb-05 0.000% Original Principal Balance 1,168,575.00 Mar-05 0.000% Current Principal Balance 1,167,538.31 Apr-05 0.000% May-05 0.000% Jun-05 0.046% Jul-05 0.128% Aug-05 0.142% *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 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 3 Feb-05 0.000% Original Principal Balance 769,375.00 Mar-05 0.000% Current Principal Balance 768,717.08 Apr-05 0.000% May-05 0.000% Jun-05 0.171% Jul-05 0.473% Aug-05 0.347% *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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 3(A) 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 3(B) 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Sep-04 0.000% Original Principal Balance 399,200.00 Oct-04 0.000% Current Principal Balance 398,821.23 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 1 Feb-05 0.000% Original Principal Balance 399,200.00 Mar-05 0.000% Current Principal Balance 398,821.23 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.706% *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. 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 5 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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. 6 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 0018565473 Jun-2005 01-Dec-2004 NY 80.00 400,000.00 1 0018601971 Jul-2005 01-Dec-2004 NY 75.00 262,500.00 1 0018695528 Jul-2005 01-Jan-2005 DE 75.00 106,875.00 3(B) 0018970913 Aug-2005 01-Feb-2005 CA 80.00 399,200.00
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 0018565473 399,447.63 01-Jan-2005 6 7.875% 17,727.70 1 0018601971 262,500.00 01-Jan-2005 6 7.000% 10,335.92 1 0018695528 106,769.45 01-Feb-2005 5 9.500% 5,754.88 3(B) 0018970913 398,821.23 01-Feb-2005 5 6.250% 13,929.96
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 5.638077% Weighted Average Net Coupon 5.386823% Weighted Average Pass-Through Rate 5.381823% Weighted Average Maturity(Stepdown Calculation) 354 Beginning Scheduled Collateral Loan Count 3,023 Number Of Loans Paid In Full 86 Ending Scheduled Collateral Loan Count 2,937 Beginning Scheduled Collateral Balance 849,291,245.60 Ending Scheduled Collateral Balance 821,643,326.82 Ending Actual Collateral Balance at 29-Jul-2005 821,750,276.36 Monthly P&I Constant 4,126,526.10 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 136,218.17 Unscheduled Principal 27,511,700.61
Pool 1-5 Bankruptcy Loss Limit 304,050.00 Pool 6 Bankruptcy Loss Limit 100,000.00 Pool 1-5 Fraud Loss Limit 15,940,822.00 Pool 6 Fraud Loss Limit 2,649,027.00 Pool 1-5 Special Hazard Loss Limit 7,214,133.63 Pool 6 Special Hazard Loss Limit 1,002,299.62
Group Level Collateral Statement Group 1 2 3(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.646302 5.660216 5.606691 Weighted Average Net Rate 5.395202 5.410216 5.352215 Weighted Average Maturity 354 354 354 Beginning Loan Count 669 899 427 Loans Paid In Full 19 19 12 Ending Loan Count 650 880 415 Beginning Scheduled Balance 229,181,993.99 171,232,525.91 138,646,342.43 Ending Scheduled Balance 221,319,134.44 166,711,207.41 135,293,995.19 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 1,110,383.19 834,953.11 688,768.45 Scheduled Principal 32,024.20 27,275.59 40,979.06 Unscheduled Principal 7,830,835.35 4,494,042.91 3,311,368.18 Scheduled Interest 1,078,358.99 807,677.52 647,789.39 Servicing Fees 47,956.37 35,673.44 29,401.90 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 954.92 713.47 577.69 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 1,029,447.70 771,290.61 617,809.80 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 5.390202 5.405216 5.347215
Group Level Collateral Statement Group 3(B) 4 5 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.979849 5.645439 5.894385 Weighted Average Net Rate 5.729849 5.394617 5.644385 Weighted Average Maturity 354 354 354 Beginning Loan Count 113 520 97 Loans Paid In Full 2 15 1 Ending Loan Count 111 505 96 Beginning Scheduled Balance 57,673,325.35 100,667,761.43 44,849,307.22 Ending scheduled Balance 56,443,258.09 97,314,129.95 44,331,638.87 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 294,947.34 488,267.82 227,566.59 Scheduled Principal 7,549.21 14,673.06 7,267.36 Unscheduled Principal 1,222,518.05 3,338,958.42 510,400.99 Scheduled Interest 287,398.13 473,594.76 220,299.23 Servicing Fees 12,015.28 21,041.39 9,343.61 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 240.31 419.45 186.87 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 275,142.54 452,133.92 210,768.75 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 5.724849 5.389617 5.639385
Group Level Collateral Statement Group 6 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.327242 5.638077 Weighted Average Net Rate 5.076218 5.386823 Weighted Average Maturity 354.00 354.00 Record Date 07/29/2005 07/29/2005 Principal And Interest Constant 481,639.60 4,126,526.10 Beginning Loan Count 298 3,023 Loans Paid In Full 18 86 Ending Loan Count 280 2,937 Beginning Scheduled Balance 107,039,989.27 849,291,245.60 Ending Scheduled Balance 100,229,962.87 821,643,326.82 Scheduled Principal 6,449.69 136,218.17 Unscheduled Principal 6,803,576.71 27,511,700.61 Scheduled Interest 475,189.91 3,990,307.93 Servicing Fee 22,391.32 177,823.31 Master Servicing Fee 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 446.00 3,538.71 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 452,352.59 3,808,945.91 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 5.071218 5.381823
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 19 7,833,212.00 7,813,288.63 0 0.00 0.00 2 19 4,485,070.00 4,482,443.64 0 0.00 0.00 3(A) 12 3,305,951.00 3,296,605.62 0 0.00 0.00 3(B) 2 1,219,900.00 1,219,900.00 0 0.00 0.00 4 15 3,336,884.00 3,331,340.13 0 0.00 0.00 5 1 435,000.00 435,000.00 0 0.00 0.00 6 18 6,763,370.00 6,750,108.93 0 0.00 0.00 Total 86 27,379,387.00 27,328,686.95 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 18,771.21 2 0 0.00 0.00 0 0.00 0.00 11,599.27 3(A) 0 0.00 0.00 0 0.00 0.00 15,260.89 3(B) 0 0.00 0.00 0 0.00 0.00 2,618.05 4 0 0.00 0.00 0 0.00 0.00 8,205.42 5 0 0.00 0.00 0 0.00 0.00 75,400.99 6 0 0.00 0.00 0 0.00 0.00 53,594.47 Total 0 0.00 0.00 0 0.00 0.00 185,450.30
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 0017979220 WA 75.00 01-Aug-2004 570,000.00 557,413.23 1 0018415026 NY 34.59 01-Nov-2004 128,000.00 125,775.69 1 0018505560 NY 95.00 01-Nov-2004 441,750.00 438,361.24 1 0018740704 CA 74.78 01-Jan-2005 1,290,000.00 1,290,000.00 1 0018787275 NY 80.00 01-Dec-2004 208,000.00 206,503.86 1 0018827923 CA 74.99 01-Jan-2005 262,400.00 262,400.00 1 0018896019 CA 79.55 01-Feb-2005 350,000.00 349,595.18 1 0018906123 CA 80.00 01-Feb-2005 480,000.00 479,882.50 1 0018957001 CA 80.00 01-Jan-2005 540,000.00 540,000.00 1 0018962860 CA 80.00 01-Feb-2005 403,992.00 403,788.44 1 0018983791 CA 80.00 01-Feb-2005 639,200.00 639,200.00 1 0019116623 FL 79.40 01-Mar-2005 333,700.00 333,700.00 1 0019639681 AZ 80.00 01-Mar-2005 119,920.00 119,886.16 1 0030003925 FL 80.00 01-Feb-2005 492,000.00 492,000.00 1 0030021042 AZ 71.17 01-Feb-2005 158,000.00 158,000.00 1 0030036578 CA 79.99 01-Feb-2005 310,000.00 309,848.24 1 0030068092 VA 78.46 01-Mar-2005 411,500.00 411,500.00 1 0030085286 CA 65.00 01-Feb-2005 438,750.00 438,750.00 1 0030117246 MI 78.77 01-Mar-2005 256,000.00 255,459.60 2 0018757146 NV 90.00 01-Jan-2005 354,600.00 354,555.89 2 0018828095 CA 28.28 01-Jan-2005 140,000.00 140,000.00 2 0018909093 SC 90.00 01-Jan-2005 224,550.00 224,550.00 2 0018909242 CO 80.00 01-Jan-2005 178,000.00 176,024.03 2 0018909895 WA 80.00 01-Jan-2005 208,800.00 208,800.00 2 0018955765 AZ 80.00 01-Jan-2005 136,397.00 136,397.00 2 0018969113 AZ 90.00 01-Dec-2004 270,000.00 270,000.00 2 0018979989 HI 74.99 01-Feb-2005 363,700.00 363,700.00 2 0018997924 AZ 74.97 01-Feb-2005 149,200.00 149,200.00 2 0018998260 CA 80.00 01-Feb-2005 280,000.00 279,940.00 2 0019634591 AZ 80.00 01-Mar-2005 218,323.00 218,248.00 2 0019646520 CA 75.00 01-Mar-2005 357,000.00 357,000.00 2 0030004469 AZ 70.70 01-Feb-2005 152,000.00 152,000.00 2 0030023659 AZ 80.00 01-Feb-2005 272,000.00 271,717.80 2 0030084750 AZ 80.00 01-Mar-2005 188,000.00 188,000.00 2 0030092118 AZ 80.00 01-Mar-2005 104,000.00 103,918.77 2 0030106181 CO 79.99 01-Feb-2005 206,900.00 206,900.00 2 0400077426 WA 80.00 01-Jun-2004 233,600.00 233,600.00 2 0400589446 CA 80.00 01-Jul-2004 448,000.00 447,892.15 3(A) 0018508200 CA 78.01 01-Dec-2004 550,000.00 550,000.00 3(A) 0018856948 CA 75.00 01-Feb-2005 367,500.00 367,156.87 3(A) 0019435940 NJ 80.00 01-Feb-2005 424,000.00 424,000.00 3(A) 0019577329 CA 48.25 01-Mar-2005 386,000.00 386,000.00 3(A) 0110989449 CA 69.33 01-Jan-2004 156,000.00 152,350.96 3(A) 0111162921 CA 67.50 01-Feb-2004 243,000.00 237,366.05 3(A) 0114589476 CA 80.00 01-Feb-2005 226,459.00 226,459.00 3(A) 0114589690 NV 80.00 01-Feb-2005 193,600.00 193,600.00 3(A) 0114590110 NV 79.75 01-Feb-2005 129,920.00 129,765.95 3(A) 0114590532 CA 80.00 01-Feb-2005 164,472.00 164,472.00 3(A) 0114590573 CA 80.00 01-Feb-2005 244,000.00 243,936.46 3(A) 0114797814 WV 65.00 01-Jan-2005 221,000.00 221,000.00 3(B) 0030083125 CA 72.58 01-Mar-2005 900,000.00 900,000.00 3(B) 0114590052 AZ 79.99 01-Feb-2005 319,900.00 319,900.00 4 0018135459 IL 80.00 01-Oct-2004 448,000.00 443,312.46 4 0018909408 CA 89.80 01-Jan-2005 220,000.00 220,000.00 4 0018945626 UT 45.09 01-Feb-2005 248,000.00 247,631.46 4 0018960989 IN 80.00 01-Feb-2005 177,200.00 177,200.00 4 0018994442 AZ 80.00 01-Feb-2005 265,600.00 265,599.98 4 0019539873 CO 80.00 01-Mar-2005 196,000.00 196,000.00 4 0019718162 FL 80.00 01-Mar-2005 134,400.00 134,400.00 4 0030006134 CA 78.69 01-Mar-2005 240,000.00 240,000.00 4 0030039499 CO 80.00 01-Feb-2005 202,000.00 201,999.68 4 0030040356 CA 90.00 01-Sep-2004 216,000.00 216,000.00 4 0030050140 CA 46.70 01-Feb-2005 205,500.00 205,500.00 4 0030055032 CA 80.00 01-Mar-2005 333,884.00 333,884.00 4 0030075717 AZ 80.00 01-Feb-2005 201,600.00 201,600.00 4 0030101893 OH 80.00 01-Mar-2005 112,800.00 112,796.71 4 0030105514 AZ 79.99 01-Feb-2005 135,900.00 134,828.71 5 0018824979 CA 77.68 01-Feb-2005 435,000.00 435,000.00 6 0018777581 NJ 80.00 01-Feb-2005 584,000.00 584,000.00 6 0018808162 CA 56.18 01-Jan-2005 250,000.00 250,000.00 6 0018827675 CA 80.00 01-Feb-2005 493,600.00 493,504.88 6 0018842906 CA 75.00 01-Oct-2004 750,000.00 749,999.84 6 0018849786 TX 80.00 01-Jan-2005 520,000.00 520,000.00 6 0018885020 CA 80.00 01-Mar-2005 228,000.00 228,000.00 6 0018886267 MD 80.00 01-Feb-2005 116,800.00 116,753.77 6 0018911321 CA 75.00 01-Jan-2005 367,500.00 367,500.00 6 0018932327 MD 69.41 01-Feb-2005 118,000.00 117,033.20 6 0018934224 MN 68.70 01-Feb-2005 371,000.00 371,000.00 6 0018966002 CA 80.00 01-Feb-2005 540,000.00 540,000.00 6 0018982215 CA 80.00 01-Feb-2005 492,000.00 491,994.43 6 0019624204 CA 80.00 01-Mar-2005 408,000.00 408,000.00 6 0030005953 CA 79.99 01-Nov-2004 433,350.00 433,350.00 6 0030010821 MD 74.39 01-Feb-2005 122,000.00 122,000.00 6 0030014641 CO 80.00 01-Feb-2005 167,120.00 166,800.79 6 0030035927 CA 80.00 01-Mar-2005 408,000.00 407,851.26 6 0030042881 CA 54.80 01-Feb-2005 394,000.00 382,194.07
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 0017979220 Loan Paid in Full 0 5.250% 360 12 1 0018415026 Loan Paid in Full 0 5.250% 360 9 1 0018505560 Loan Paid in Full 0 7.475% 360 9 1 0018740704 Loan Paid in Full 0 5.750% 360 7 1 0018787275 Loan Paid in Full 0 7.250% 360 8 1 0018827923 Loan Paid in Full 0 4.375% 360 7 1 0018896019 Loan Paid in Full 0 5.250% 360 6 1 0018906123 Loan Paid in Full 2 5.875% 360 6 1 0018957001 Loan Paid in Full 0 4.875% 360 7 1 0018962860 Loan Paid in Full 0 5.750% 360 6 1 0018983791 Loan Paid in Full 0 6.250% 360 6 1 0019116623 Loan Paid in Full 0 5.250% 360 6 1 0019639681 Loan Paid in Full 0 6.375% 360 6 1 0030003925 Loan Paid in Full 0 5.500% 360 6 1 0030021042 Loan Paid in Full 0 5.375% 360 6 1 0030036578 Loan Paid in Full 0 5.875% 360 6 1 0030068092 Loan Paid in Full 0 5.750% 360 6 1 0030085286 Loan Paid in Full (1) 5.625% 360 6 1 0030117246 Loan Paid in Full (1) 5.250% 360 6 2 0018757146 Loan Paid in Full 0 6.125% 360 7 2 0018828095 Loan Paid in Full (1) 4.875% 360 7 2 0018909093 Loan Paid in Full 0 5.875% 360 7 2 0018909242 Loan Paid in Full 0 5.250% 360 7 2 0018909895 Loan Paid in Full (1) 5.000% 360 7 2 0018955765 Loan Paid in Full 0 5.250% 360 7 2 0018969113 Loan Paid in Full 0 6.125% 360 8 2 0018979989 Loan Paid in Full 0 6.250% 360 6 2 0018997924 Loan Paid in Full 0 6.750% 360 6 2 0018998260 Loan Paid in Full 0 5.875% 360 6 2 0019634591 Loan Paid in Full 0 5.500% 360 6 2 0019646520 Loan Paid in Full 0 5.625% 360 6 2 0030004469 Loan Paid in Full 0 5.625% 360 6 2 0030023659 Loan Paid in Full 0 5.500% 360 6 2 0030084750 Loan Paid in Full 0 6.125% 360 6 2 0030092118 Loan Paid in Full (1) 6.250% 360 6 2 0030106181 Loan Paid in Full 0 5.625% 360 6 2 0400077426 Loan Paid in Full (1) 4.500% 360 14 2 0400589446 Loan Paid in Full 0 5.750% 360 13 3(A) 0018508200 Loan Paid in Full 0 5.750% 360 8 3(A) 0018856948 Loan Paid in Full (1) 6.625% 360 6 3(A) 0019435940 Loan Paid in Full 0 5.625% 360 6 3(A) 0019577329 Loan Paid in Full 0 5.750% 360 6 3(A) 0110989449 Loan Paid in Full 0 5.375% 360 19 3(A) 0111162921 Loan Paid in Full (1) 5.125% 360 18 3(A) 0114589476 Loan Paid in Full (1) 5.500% 360 6 3(A) 0114589690 Loan Paid in Full 0 5.750% 360 6 3(A) 0114590110 Loan Paid in Full 0 6.500% 360 6 3(A) 0114590532 Loan Paid in Full 0 5.500% 360 6 3(A) 0114590573 Loan Paid in Full 0 6.250% 360 6 3(A) 0114797814 Loan Paid in Full 0 5.375% 360 7 3(B) 0030083125 Loan Paid in Full 0 6.875% 360 6 3(B) 0114590052 Loan Paid in Full 0 5.625% 360 6 4 0018135459 Loan Paid in Full 0 6.375% 360 10 4 0018909408 Loan Paid in Full 1 5.500% 360 7 4 0018945626 Loan Paid in Full 0 5.000% 360 6 4 0018960989 Loan Paid in Full 0 5.000% 360 6 4 0018994442 Loan Paid in Full 0 5.500% 360 6 4 0019539873 Loan Paid in Full 0 5.625% 360 6 4 0019718162 Loan Paid in Full 0 5.875% 360 6 4 0030006134 Loan Paid in Full 0 5.875% 360 6 4 0030039499 Loan Paid in Full 0 4.500% 360 6 4 0030040356 Loan Paid in Full 0 6.875% 360 11 4 0030050140 Loan Paid in Full (1) 5.750% 360 6 4 0030055032 Loan Paid in Full 0 6.000% 360 6 4 0030075717 Loan Paid in Full 0 5.875% 360 6 4 0030101893 Loan Paid in Full 0 6.500% 360 6 4 0030105514 Loan Paid in Full (1) 5.625% 360 6 5 0018824979 Loan Paid in Full 0 6.250% 360 6 6 0018777581 Loan Paid in Full 0 5.625% 360 6 6 0018808162 Loan Paid in Full (1) 5.375% 360 7 6 0018827675 Loan Paid in Full 0 5.625% 360 6 6 0018842906 Loan Paid in Full 0 5.250% 360 10 6 0018849786 Loan Paid in Full 0 5.250% 360 7 6 0018885020 Loan Paid in Full (1) 4.750% 360 6 6 0018886267 Loan Paid in Full (1) 5.750% 360 6 6 0018911321 Loan Paid in Full (1) 5.625% 360 7 6 0018932327 Loan Paid in Full 0 5.750% 360 6 6 0018934224 Loan Paid in Full 0 5.750% 360 6 6 0018966002 Loan Paid in Full 0 5.875% 360 6 6 0018982215 Loan Paid in Full 0 5.375% 360 6 6 0019624204 Loan Paid in Full 0 5.000% 360 6 6 0030005953 Loan Paid in Full 0 5.375% 360 9 6 0030010821 Loan Paid in Full 0 5.375% 360 6 6 0030014641 Loan Paid in Full 0 4.500% 360 6 6 0030035927 Loan Paid in Full (1) 4.375% 360 6 6 0030042881 Loan Paid in Full (1) 5.750% 360 6
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 3.240% Current Month 32.647% Current Month 2,360.772% 3 Month Average 2.542% 3 Month Average 26.461% 3 Month Average 2,234.275% 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. 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 19.274% N/A Mar-2005 5,002.715% N/A Apr-2005 9.822% N/A Apr-2005 1,669.251% N/A May-2005 20.016% N/A May-2005 2,537.138% N/A Jun-2005 23.149% N/A Jun-2005 2,349.807% N/A Jul-2005 23.587% N/A Jul-2005 1,992.247% N/A Aug-2005 32.647% N/A Aug-2005 2,360.772% 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 3.417% Current Month 34.114% Current Month 2,482.964% 3 Month Average 2.803% 3 Month Average 28.761% 3 Month Average 2,481.243% 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. 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 15.361% N/A Mar-2005 3,991.583% N/A Apr-2005 6.086% N/A Apr-2005 1,037.328% N/A May-2005 15.173% N/A May-2005 1,937.557% N/A Jun-2005 29.625% N/A Jun-2005 3,041.774% N/A Jul-2005 22.543% N/A Jul-2005 1,918.991% N/A Aug-2005 34.114% N/A Aug-2005 2,482.964% 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 2.625% Current Month 27.327% Current Month 2,140.092% 3 Month Average 1.758% 3 Month Average 18.962% 3 Month Average 1,716.388% 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. 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 15.323% N/A Mar-2005 5,401.765% N/A Apr-2005 8.035% N/A Apr-2005 1,654.808% N/A May-2005 7.693% N/A May-2005 1,121.680% N/A Jun-2005 13.341% N/A Jun-2005 1,511.265% N/A Jul-2005 16.219% N/A Jul-2005 1,497.806% N/A Aug-2005 27.327% N/A Aug-2005 2,140.092% 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. 3(A) SMM CPR PSA Current Month 2.389% Current Month 25.186% Current Month 1,474.617% 3 Month Average 2.178% 3 Month Average 23.026% 3 Month Average 1,512.733% 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. 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 20.458% N/A Mar-2005 2,938.780% N/A Apr-2005 13.867% N/A Apr-2005 1,533.276% N/A May-2005 31.686% N/A May-2005 2,842.967% N/A Jun-2005 15.122% N/A Jun-2005 1,152.020% N/A Jul-2005 28.771% N/A Jul-2005 1,911.564% N/A Aug-2005 25.186% N/A Aug-2005 1,474.617% 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. 3(B) SMM CPR PSA Current Month 2.120% Current Month 22.674% Current Month 1,686.510% 3 Month Average 1.366% 3 Month Average 15.058% 3 Month Average 1,288.067% 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. 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 8.845% N/A Mar-2005 2,613.398% N/A Apr-2005 9.577% N/A Apr-2005 1,769.475% N/A May-2005 1.482% N/A May-2005 199.880% N/A Jun-2005 10.994% N/A Jun-2005 1,169.605% N/A Jul-2005 11.506% N/A Jul-2005 1,008.086% N/A Aug-2005 22.674% N/A Aug-2005 1,686.510% 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. 4 SMM CPR PSA Current Month 3.317% Current Month 33.291% Current Month 2,602.496% 3 Month Average 1.951% 3 Month Average 20.556% 3 Month Average 1,842.151% 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. 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 10.205% N/A Mar-2005 3,594.506% N/A Apr-2005 6.732% N/A Apr-2005 1,387.114% N/A May-2005 11.754% N/A May-2005 1,714.550% N/A Jun-2005 14.531% N/A Jun-2005 1,644.953% N/A Jul-2005 13.847% N/A Jul-2005 1,279.002% N/A Aug-2005 33.291% N/A Aug-2005 2,602.496% 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. 5 SMM CPR PSA Current Month 1.138% Current Month 12.835% Current Month 910.968% 3 Month Average 0.990% 3 Month Average 11.210% 3 Month Average 918.487% 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. 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 22.318% N/A Mar-2005 5,517.337% N/A Apr-2005 0.118% N/A Apr-2005 19.569% N/A May-2005 0.176% N/A May-2005 21.855% N/A Jun-2005 7.293% N/A Jun-2005 725.736% N/A Jul-2005 13.503% N/A Jul-2005 1,118.758% N/A Aug-2005 12.835% N/A Aug-2005 910.968% 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. 6 SMM CPR PSA Current Month 6.356% Current Month 54.529% Current Month 4,358.841% 3 Month Average 5.429% 3 Month Average 48.653% 3 Month Average 4,675.099% 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. 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 38.233% N/A Mar-2005 14,845.869% N/A Apr-2005 19.876% N/A Apr-2005 4,300.324% N/A May-2005 46.525% N/A May-2005 7,007.720% N/A Jun-2005 46.771% N/A Jun-2005 5,445.339% N/A Jul-2005 44.660% N/A Jul-2005 4,221.119% N/A Aug-2005 54.529% N/A Aug-2005 4,358.841% 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 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 3(A) 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 3(B) 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 4 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 5 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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. 6 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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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