-----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, KxSGL2M+x86tiBRq4ijVPDPFLb9AvJpovy8gDSWwT8lrQ5V/N26ue/ELGMxza/T7 ZkxUBN72CxS0xiHucPSiVQ== 0001056404-05-002387.txt : 20050630 0001056404-05-002387.hdr.sgml : 20050630 20050630164936 ACCESSION NUMBER: 0001056404-05-002387 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050627 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050630 DATE AS OF CHANGE: 20050630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCE HOME EQUITY LOAN TRUST 2005-1 CENTRAL INDEX KEY: 0001322506 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: 333-122940-01 FILM NUMBER: 05929071 BUSINESS ADDRESS: STREET 1: MCKEE NELSON LLP STREET 2: 5 TIMES SQUARE 35TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 9177774200 MAIL ADDRESS: STREET 1: 1000 WOODBURY ROAD CITY: WOODBURY STATE: NY ZIP: 11797 8-K 1 rma05001_10506.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2005 RENAISSANCE HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Notes, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-122940-01 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On June 27, 2005 a distribution was made to holders of RENAISSANCE HOME EQUITY LOAN TRUST, Home Equity Loan Asset-Backed Notes, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Notes, Series 2005-1 Trust, relating to the June 27, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RENAISSANCE HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Notes, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 6/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Notes, Series 2005-1 Trust, relating to the June 27, 2005 distribution. EX-99.1
Renaissance Mortgage Acceptance Corp. Home Equity Loan Asset-Backed Notes Record Date: 5/31/2005 Distribution Date: 6/27/2005 Renaissance Mortgage Acceptance Corp. Home Equity Loan Asset-Backed Notes Series Renaissance Home Equity Loan Trust 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution AV-1 759950EY0 SEN 3.21000% 87,969,173.00 258,849.29 AV-2 759950EZ7 SEN 3.31000% 36,100,000.00 109,533.42 AV-3 759950FA1 SEN 3.42000% 47,700,000.00 149,539.50 AF-1 759950FB9 SEN 3.22000% 154,260,043.07 455,324.23 AF-2 759950FC7 SEN 4.26300% 91,100,000.00 323,632.75 AF-3 759950FD5 SEN 4.45600% 63,700,000.00 236,539.33 AF-4 759950FE3 SEN 5.01600% 37,800,000.00 158,004.00 AF-5 759950FF0 SEN 5.45100% 25,825,000.00 117,310.06 AF-6 759950FG8 SEN 4.97000% 57,500,000.00 238,145.83 M-1 759950FH6 MEZ 5.35700% 24,000,000.00 107,140.00 M-2 759950FJ2 MEZ 5.40500% 20,625,000.00 92,898.44 M-3 759950FK9 MEZ 5.50500% 14,250,000.00 65,371.88 M-4 759950FL7 MEZ 5.60400% 11,625,000.00 54,288.75 M-5 759950FM5 MEZ 5.67300% 11,250,000.00 53,184.38 M-6 759950FN3 MEZ 5.75000% 10,875,000.00 52,109.38 M-7 759950FP8 MEZ 5.75000% 7,500,000.00 35,937.50 M-8 759950FQ6 MEZ 5.75000% 6,375,000.00 30,546.88 M-9 759950FR4 MEZ 5.55000% 9,000,000.00 41,625.00 N 759950FS2 RES 4.70000% 26,961,586.36 105,599.55 Trust Cert RENAIS051CE RES 0.00000% 0.00 0.00 Totals 744,415,802.43 2,685,580.17
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses AV-1 3,947,453.06 0.00 84,021,719.94 4,206,302.35 0.00 AV-2 0.00 0.00 36,100,000.00 109,533.42 0.00 AV-3 0.00 0.00 47,700,000.00 149,539.50 0.00 AF-1 6,178,550.77 0.00 148,081,492.30 6,633,875.00 0.00 AF-2 0.00 0.00 91,100,000.00 323,632.75 0.00 AF-3 0.00 0.00 63,700,000.00 236,539.33 0.00 AF-4 0.00 0.00 37,800,000.00 158,004.00 0.00 AF-5 0.00 0.00 25,825,000.00 117,310.06 0.00 AF-6 0.00 0.00 57,500,000.00 238,145.83 0.00 M-1 0.00 0.00 24,000,000.00 107,140.00 0.00 M-2 0.00 0.00 20,625,000.00 92,898.44 0.00 M-3 0.00 0.00 14,250,000.00 65,371.88 0.00 M-4 0.00 0.00 11,625,000.00 54,288.75 0.00 M-5 0.00 0.00 11,250,000.00 53,184.38 0.00 M-6 0.00 0.00 10,875,000.00 52,109.38 0.00 M-7 0.00 0.00 7,500,000.00 35,937.50 0.00 M-8 0.00 0.00 6,375,000.00 30,546.88 0.00 M-9 0.00 0.00 9,000,000.00 41,625.00 0.00 N 1,895,582.00 0.00 25,066,004.36 2,001,181.55 0.00 Trust Cert 0.00 0.00 0.00 0.00 0.00 Totals 12,021,585.83 0.00 732,394,216.60 14,707,166.00 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) AV-1 91,200,000.00 87,969,173.00 0.00 3,947,453.06 0.00 0.00 AV-2 36,100,000.00 36,100,000.00 0.00 0.00 0.00 0.00 AV-3 47,700,000.00 47,700,000.00 0.00 0.00 0.00 0.00 AF-1 162,200,000.00 154,260,043.07 0.00 6,178,550.77 0.00 0.00 AF-2 91,100,000.00 91,100,000.00 0.00 0.00 0.00 0.00 AF-3 63,700,000.00 63,700,000.00 0.00 0.00 0.00 0.00 AF-4 37,800,000.00 37,800,000.00 0.00 0.00 0.00 0.00 AF-5 25,825,000.00 25,825,000.00 0.00 0.00 0.00 0.00 AF-6 57,500,000.00 57,500,000.00 0.00 0.00 0.00 0.00 M-1 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 M-2 20,625,000.00 20,625,000.00 0.00 0.00 0.00 0.00 M-3 14,250,000.00 14,250,000.00 0.00 0.00 0.00 0.00 M-4 11,625,000.00 11,625,000.00 0.00 0.00 0.00 0.00 M-5 11,250,000.00 11,250,000.00 0.00 0.00 0.00 0.00 M-6 10,875,000.00 10,875,000.00 0.00 0.00 0.00 0.00 M-7 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 M-8 6,375,000.00 6,375,000.00 0.00 0.00 0.00 0.00 M-9 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 N 30,450,000.00 26,961,586.36 0.00 1,895,582.00 0.00 0.00 Trust Cert 0.00 0.00 0.00 0.00 0.00 0.00 Totals 759,075,000.00 744,415,802.43 0.00 12,021,585.83 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 AV-1 3,947,453.06 84,021,719.94 0.92129079 3,947,453.06 AV-2 0.00 36,100,000.00 1.00000000 0.00 AV-3 0.00 47,700,000.00 1.00000000 0.00 AF-1 6,178,550.77 148,081,492.30 0.91295618 6,178,550.77 AF-2 0.00 91,100,000.00 1.00000000 0.00 AF-3 0.00 63,700,000.00 1.00000000 0.00 AF-4 0.00 37,800,000.00 1.00000000 0.00 AF-5 0.00 25,825,000.00 1.00000000 0.00 AF-6 0.00 57,500,000.00 1.00000000 0.00 M-1 0.00 24,000,000.00 1.00000000 0.00 M-2 0.00 20,625,000.00 1.00000000 0.00 M-3 0.00 14,250,000.00 1.00000000 0.00 M-4 0.00 11,625,000.00 1.00000000 0.00 M-5 0.00 11,250,000.00 1.00000000 0.00 M-6 0.00 10,875,000.00 1.00000000 0.00 M-7 0.00 7,500,000.00 1.00000000 0.00 M-8 0.00 6,375,000.00 1.00000000 0.00 M-9 0.00 9,000,000.00 1.00000000 0.00 N 1,895,582.00 25,066,004.36 0.82318569 1,895,582.00 Trust Cert 0.00 0.00 0.00000000 0.00 Totals 12,021,585.83 732,394,216.60 0.96485093 12,021,585.83
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion AV-1 91,200,000.00 964.57426535 0.00000000 43.28347654 0.00000000 AV-2 36,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AV-3 47,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-1 162,200,000.00 951.04835432 0.00000000 38.09217491 0.00000000 AF-2 91,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-3 63,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-4 37,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-5 25,825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AF-6 57,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 20,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 14,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 11,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 11,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 10,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 6,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N 30,450,000.00 885.43797570 0.00000000 62.25228243 0.00000000 Trust Cert 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution AV-1 0.00000000 43.28347654 921.29078882 0.92129079 43.28347654 AV-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AV-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-1 0.00000000 38.09217491 912.95617941 0.91295618 38.09217491 AF-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AF-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N 0.00000000 62.25228243 823.18569327 0.82318569 62.25228243 Trust Cert 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall AV-1 91,200,000.00 3.21000% 87,969,173.00 258,849.29 0.00 0.00 AV-2 36,100,000.00 3.31000% 36,100,000.00 109,533.42 0.00 0.00 AV-3 47,700,000.00 3.42000% 47,700,000.00 149,539.50 0.00 0.00 AF-1 162,200,000.00 3.22000% 154,260,043.07 455,324.23 0.00 0.00 AF-2 91,100,000.00 4.26300% 91,100,000.00 323,632.75 0.00 0.00 AF-3 63,700,000.00 4.45600% 63,700,000.00 236,539.33 0.00 0.00 AF-4 37,800,000.00 5.01600% 37,800,000.00 158,004.00 0.00 0.00 AF-5 25,825,000.00 5.45100% 25,825,000.00 117,310.06 0.00 0.00 AF-6 57,500,000.00 4.97000% 57,500,000.00 238,145.83 0.00 0.00 M-1 24,000,000.00 5.35700% 24,000,000.00 107,140.00 0.00 0.00 M-2 20,625,000.00 5.40500% 20,625,000.00 92,898.44 0.00 0.00 M-3 14,250,000.00 5.50500% 14,250,000.00 65,371.88 0.00 0.00 M-4 11,625,000.00 5.60400% 11,625,000.00 54,288.75 0.00 0.00 M-5 11,250,000.00 5.67300% 11,250,000.00 53,184.38 0.00 0.00 M-6 10,875,000.00 5.75000% 10,875,000.00 52,109.38 0.00 0.00 M-7 7,500,000.00 5.75000% 7,500,000.00 35,937.50 0.00 0.00 M-8 6,375,000.00 5.75000% 6,375,000.00 30,546.88 0.00 0.00 M-9 9,000,000.00 5.55000% 9,000,000.00 41,625.00 0.00 0.00 N 30,450,000.00 4.70000% 26,961,586.36 105,599.55 0.00 0.00 Trust Cert 0.00 0.00000% 738,829,195.21 0.00 0.00 0.00 Totals 759,075,000.00 2,685,580.17 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 AV-1 0.00 0.00 258,849.29 0.00 84,021,719.94 AV-2 0.00 0.00 109,533.42 0.00 36,100,000.00 AV-3 0.00 0.00 149,539.50 0.00 47,700,000.00 AF-1 0.00 0.00 455,324.23 0.00 148,081,492.30 AF-2 0.00 0.00 323,632.75 0.00 91,100,000.00 AF-3 0.00 0.00 236,539.33 0.00 63,700,000.00 AF-4 0.00 0.00 158,004.00 0.00 37,800,000.00 AF-5 0.00 0.00 117,310.06 0.00 25,825,000.00 AF-6 0.00 0.00 238,145.83 0.00 57,500,000.00 M-1 0.00 0.00 107,140.00 0.00 24,000,000.00 M-2 0.00 0.00 92,898.44 0.00 20,625,000.00 M-3 0.00 0.00 65,371.88 0.00 14,250,000.00 M-4 0.00 0.00 54,288.75 0.00 11,625,000.00 M-5 0.00 0.00 53,184.38 0.00 11,250,000.00 M-6 0.00 0.00 52,109.38 0.00 10,875,000.00 M-7 0.00 0.00 35,937.50 0.00 7,500,000.00 M-8 0.00 0.00 30,546.88 0.00 6,375,000.00 M-9 0.00 0.00 41,625.00 0.00 9,000,000.00 N 0.00 0.00 105,599.55 0.00 25,066,004.36 Trust Cert 0.00 0.00 0.00 0.00 728,703,191.38 Totals 0.00 0.00 2,685,580.17 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 AV-1 91,200,000.00 3.21000% 964.57426535 2.83825976 0.00000000 0.00000000 AV-2 36,100,000.00 3.31000% 1000.00000000 3.03416676 0.00000000 0.00000000 AV-3 47,700,000.00 3.42000% 1000.00000000 3.13500000 0.00000000 0.00000000 AF-1 162,200,000.00 3.22000% 951.04835432 2.80717774 0.00000000 0.00000000 AF-2 91,100,000.00 4.26300% 1000.00000000 3.55250000 0.00000000 0.00000000 AF-3 63,700,000.00 4.45600% 1000.00000000 3.71333328 0.00000000 0.00000000 AF-4 37,800,000.00 5.01600% 1000.00000000 4.18000000 0.00000000 0.00000000 AF-5 25,825,000.00 5.45100% 1000.00000000 4.54249990 0.00000000 0.00000000 AF-6 57,500,000.00 4.97000% 1000.00000000 4.14166661 0.00000000 0.00000000 M-1 24,000,000.00 5.35700% 1000.00000000 4.46416667 0.00000000 0.00000000 M-2 20,625,000.00 5.40500% 1000.00000000 4.50416679 0.00000000 0.00000000 M-3 14,250,000.00 5.50500% 1000.00000000 4.58750035 0.00000000 0.00000000 M-4 11,625,000.00 5.60400% 1000.00000000 4.67000000 0.00000000 0.00000000 M-5 11,250,000.00 5.67300% 1000.00000000 4.72750044 0.00000000 0.00000000 M-6 10,875,000.00 5.75000% 1000.00000000 4.79166713 0.00000000 0.00000000 M-7 7,500,000.00 5.75000% 1000.00000000 4.79166667 0.00000000 0.00000000 M-8 6,375,000.00 5.75000% 1000.00000000 4.79166745 0.00000000 0.00000000 M-9 9,000,000.00 5.55000% 1000.00000000 4.62500000 0.00000000 0.00000000 N 30,450,000.00 4.70000% 885.43797570 3.46796552 0.00000000 0.00000000 Trust Cert 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance AV-1 0.00000000 0.00000000 2.83825976 0.00000000 921.29078882 AV-2 0.00000000 0.00000000 3.03416676 0.00000000 1000.00000000 AV-3 0.00000000 0.00000000 3.13500000 0.00000000 1000.00000000 AF-1 0.00000000 0.00000000 2.80717774 0.00000000 912.95617941 AF-2 0.00000000 0.00000000 3.55250000 0.00000000 1000.00000000 AF-3 0.00000000 0.00000000 3.71333328 0.00000000 1000.00000000 AF-4 0.00000000 0.00000000 4.18000000 0.00000000 1000.00000000 AF-5 0.00000000 0.00000000 4.54249990 0.00000000 1000.00000000 AF-6 0.00000000 0.00000000 4.14166661 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 4.46416667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.50416679 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.58750035 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.67000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 4.72750044 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.79166713 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.79166667 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.79166745 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.62500000 0.00000000 1000.00000000 N 0.00000000 0.00000000 3.46796552 0.00000000 823.18569327 Trust Cert 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 14,858,308.65 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 167,169.60 Total Deposits 15,025,478.25 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 318,312.25 Payment of Interest and Principal 14,707,166.00 Total Withdrawals (Pool Distribution Amount) 15,025,478.25 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 307,845.50 Wells Fargo Bank, N.A. - Master Servicing Fee 10,466.75 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 318,312.25
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 167,169.60 167,169.60 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 242,421.01 0.00 0.00 242,421.01 30 Days 34 0 0 0 34 5,885,938.61 0.00 0.00 0.00 5,885,938.61 60 Days 6 1 0 0 7 1,125,733.36 74,215.55 0.00 0.00 1,199,948.91 90 Days 1 0 1 0 2 49,809.86 0.00 142,104.74 0.00 191,914.60 120 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 41 3 1 0 45 7,061,481.83 316,636.56 142,104.74 0.00 7,520,223.13 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 0.042900% 0.000000% 0.000000% 0.042900% 0.033238% 0.000000% 0.000000% 0.033238% 30 Days 0.729301% 0.000000% 0.000000% 0.000000% 0.729301% 0.807013% 0.000000% 0.000000% 0.000000% 0.807013% 60 Days 0.128700% 0.021450% 0.000000% 0.000000% 0.150150% 0.154348% 0.010176% 0.000000% 0.000000% 0.164523% 90 Days 0.021450% 0.000000% 0.021450% 0.000000% 0.042900% 0.006829% 0.000000% 0.019484% 0.000000% 0.026313% 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 0.879451% 0.064350% 0.021450% 0.000000% 0.965251% 0.968190% 0.043414% 0.019484% 0.000000% 1.031087%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 1 169,667.86 0.00 0.00 169,667.86 30 Days 14 0 0 0 14 2,542,602.84 0.00 0.00 0.00 2,542,602.84 60 Days 4 0 0 0 4 505,435.97 0.00 0.00 0.00 505,435.97 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 18 1 0 0 19 3,048,038.81 169,667.86 0.00 0.00 3,217,706.67 0-29 Days 0.099602% 0.000000% 0.000000% 0.099602% 0.101035% 0.000000% 0.000000% 0.101035% 30 Days 1.394422% 0.000000% 0.000000% 0.000000% 1.394422% 1.514080% 0.000000% 0.000000% 0.000000% 1.514080% 60 Days 0.398406% 0.000000% 0.000000% 0.000000% 0.398406% 0.300979% 0.000000% 0.000000% 0.000000% 0.300979% 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 1.792829% 0.099602% 0.000000% 0.000000% 1.892430% 1.815059% 0.101035% 0.000000% 0.000000% 1.916094% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 72,753.15 0.00 0.00 72,753.15 30 Days 20 0 0 0 20 3,343,335.77 0.00 0.00 0.00 3,343,335.77 60 Days 2 1 0 0 3 620,297.39 74,215.55 0.00 0.00 694,512.94 90 Days 1 0 1 0 2 49,809.86 0.00 142,104.74 0.00 191,914.60 120 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 23 2 1 0 26 4,013,443.02 146,968.70 142,104.74 0.00 4,302,516.46 0-29 Days 0.027337% 0.000000% 0.000000% 0.027337% 0.012959% 0.000000% 0.000000% 0.012959% 30 Days 0.546747% 0.000000% 0.000000% 0.000000% 0.546747% 0.595516% 0.000000% 0.000000% 0.000000% 0.595516% 60 Days 0.054675% 0.027337% 0.000000% 0.000000% 0.082012% 0.110488% 0.013219% 0.000000% 0.000000% 0.123707% 90 Days 0.027337% 0.000000% 0.027337% 0.000000% 0.054675% 0.008872% 0.000000% 0.025312% 0.000000% 0.034184% 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 0.628759% 0.054675% 0.027337% 0.000000% 0.710771% 0.714876% 0.026178% 0.025312% 0.000000% 0.766366%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.686168% Weighted Average Net Coupon 7.186168% Weighted Average Pass-Through Rate 7.169168% Weighted Average Maturity(Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 4,723 Number Of Loans Paid In Full 61 Ending Scheduled Collateral Loan Count 4,662 Beginning Scheduled Collateral Balance 738,829,195.21 Ending Scheduled Collateral Balance 728,703,191.38 Ending Actual Collateral Balance at 31-May-2005 729,348,806.54 Monthly P&I Constant 5,542,949.36 Special Servicing Fee 0.00 Prepayment Penalties 167,169.60 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 810,644.63 Unscheduled Principal 9,315,359.20
Miscellaneous Reporting Required Overcollateralization Amount 21,374,979.14 Overcollateralization Increase Amount 0.00 Overcollateralization Amount 21,374,979.14 Delinquency Event NO Cumulative Loss Percentage 0.000000% Cumulative Loss Event NO Class AF-1 Interest Rate Cap Payment 0.00 Class N Interest Rate Cap Payment 0.00
Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed Fixed Fixed & Mixed ARM Weighted Average Coupon Rate 7.845185 7.638001 7.686168 Weighted Average Net Rate 7.345185 7.138001 7.186168 Weighted Average Maturity 356 322 330 Beginning Loan Count 1,027 3,696 4,723 Loans Paid In Full 23 38 61 Ending Loan Count 1,004 3,658 4,662 Beginning Scheduled Balance 171,769,254.35 567,059,940.86 738,829,195.21 Ending Scheduled Balance 167,821,801.29 560,881,390.09 728,703,191.38 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 1,243,366.11 4,299,583.25 5,542,949.36 Scheduled Principal 120,398.15 690,246.48 810,644.63 Unscheduled Principal 3,827,054.91 5,488,304.29 9,315,359.20 Scheduled Interest 1,122,967.96 3,609,336.77 4,732,304.73 Servicing Fees 71,570.52 236,274.98 307,845.50 Master Servicing Fees 2,433.40 8,033.35 10,466.75 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,048,964.04 3,365,028.44 4,413,992.48 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 7.328185 7.121001 7.169168
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 Group I 23 3,830,170.00 3,818,120.78 0 0.00 0.00 Group II 38 5,452,668.00 5,430,636.14 0 0.00 0.00 Total 61 9,282,838.00 9,248,756.92 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 Group I 0 0.00 0.00 0 0.00 0.00 11,929.97 Group II 0 0.00 0.00 0 0.00 0.00 64,904.61 Total 0 0.00 0.00 0 0.00 0.00 76,834.58
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I 0102015708 NJ 75.00 01-Nov-2004 300,000.00 298,246.56 Group I 0102051687 PA 90.00 01-Feb-2005 64,800.00 64,429.66 Group I 0102052487 NJ 85.00 01-Feb-2005 125,800.00 125,302.39 Group I 0102054905 MD 71.15 01-Feb-2005 138,750.00 138,315.11 Group I 0102055142 NE 100.00 01-Feb-2005 70,000.00 67,839.14 Group I 0102056041 FL 90.00 01-Feb-2005 436,500.00 434,971.42 Group I 0102057023 MI 60.00 01-Feb-2005 34,800.00 34,734.31 Group I 0102061397 FL 66.60 01-Feb-2005 153,180.00 152,511.84 Group I 0102064326 IL 85.00 01-Mar-2005 153,000.00 152,403.39 Group I 0102066503 MN 59.26 01-Mar-2005 799,990.00 797,011.10 Group I 0102067634 NJ 70.00 01-Mar-2005 150,500.00 150,149.11 Group I 0102071818 IL 80.00 01-Mar-2005 147,200.00 146,702.51 Group I 0102072089 OK 60.82 01-Mar-2005 59,600.00 59,415.64 Group I 0102073780 CT 90.00 01-Mar-2005 207,000.00 206,353.32 Group I 0102074291 IL 70.00 01-Mar-2005 185,500.00 185,001.17 Group I 0102076080 FL 64.40 01-Mar-2005 61,500.00 61,317.73 Group I 0102076593 PA 25.81 01-Mar-2005 40,000.00 39,907.92 Group I 0102079050 OH 100.00 01-Mar-2005 74,000.00 73,767.68 Group I 0102080470 FL 90.00 01-Mar-2005 55,350.00 55,119.91 Group I 0102091873 MD 74.01 01-Apr-2005 242,000.00 241,400.24 Group I 0102092665 MI 73.21 01-Apr-2005 82,000.00 81,862.93 Group I 0102104478 MA 63.83 01-May-2005 150,000.00 149,807.64 Group I 0102107380 MN 70.00 01-May-2005 98,700.00 98,554.22 Group II 0102042363 MD 99.41 01-Jan-2005 79,000.00 73,952.81 Group II 0102052420 WI 47.38 01-Feb-2005 25,000.00 24,656.89 Group II 0102053386 FL 80.00 01-Feb-2005 40,000.00 39,872.56 Group II 0102055043 NY 68.00 01-Feb-2005 272,000.00 270,358.74 Group II 0102055829 MA 90.04 01-Feb-2005 212,490.00 211,856.88 Group II 0102055910 NJ 72.43 01-Feb-2005 253,500.00 252,420.75 Group II 0102057106 FL 70.60 01-Feb-2005 28,500.00 28,121.87 Group II 0102058559 OH 39.84 01-Feb-2005 49,600.00 47,646.04 Group II 0102062957 NY 80.00 01-Feb-2005 209,600.00 208,493.20 Group II 0102063955 PA 74.15 01-Feb-2005 241,000.00 240,129.02 Group II 0102065927 WA 89.80 01-Mar-2005 90,250.00 89,994.77 Group II 0102066073 NY 75.00 01-Mar-2005 217,500.00 216,971.65 Group II 0102066214 CT 46.52 01-Mar-2005 107,000.00 105,881.16 Group II 0102067469 MA 70.00 01-Mar-2005 220,500.00 219,606.65 Group II 0102067642 FL 85.00 01-Mar-2005 173,230.00 172,265.44 Group II 0102067774 CA 87.66 01-Mar-2005 280,500.00 279,317.89 Group II 0102067923 MD 75.00 01-Mar-2005 142,500.00 142,102.66 Group II 0102073954 IL 18.95 01-Mar-2005 54,000.00 53,857.68 Group II 0102073970 MD 85.00 01-Mar-2005 47,494.00 47,014.52 Group II 0102074283 CA 48.73 01-Mar-2005 134,000.00 133,717.72 Group II 0102074606 MO 41.67 01-Mar-2005 25,000.00 23,885.26 Group II 0102075496 SC 100.00 01-Mar-2005 128,000.00 127,159.60 Group II 0102081007 PA 64.00 01-Mar-2005 64,000.00 63,649.57 Group II 0102082302 CA 73.23 01-Mar-2005 157,450.00 156,846.59 Group II 0102082724 MD 100.00 01-Mar-2005 173,000.00 172,499.91 Group II 0102085487 VA 67.59 01-Apr-2005 116,250.00 115,759.52 Group II 0102087186 CA 76.52 01-Apr-2005 88,000.00 87,815.83 Group II 0102088374 NC 63.54 01-Apr-2005 61,000.00 60,913.74 Group II 0102089034 NC 85.00 01-Apr-2005 88,400.00 88,280.68 Group II 0102093440 IL 75.00 01-Apr-2005 127,050.00 126,714.79 Group II 0102096708 AZ 19.69 01-Apr-2005 25,000.00 24,954.16 Group II 0102097052 FL 80.00 01-Apr-2005 180,000.00 179,702.19 Group II 0102097920 PA 83.22 01-Apr-2005 141,474.00 140,205.34 Group II 0102099132 NJ 68.38 01-Apr-2005 444,500.00 443,246.58 Group II 0102099702 NJ 90.00 01-Apr-2005 325,800.00 325,069.25 Group II 0102101888 IL 83.79 01-Apr-2005 121,500.00 121,330.02 Group II 0102103348 NJ 38.11 01-May-2005 141,000.00 140,841.81 Group II 0102105608 WI 90.00 01-May-2005 167,580.00 166,285.94
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I 0102015708 Loan Paid in Full (1) 7.690% 360 7 Group I 0102051687 Loan Paid in Full 0 7.590% 360 4 Group I 0102052487 Loan Paid in Full 0 7.240% 360 4 Group I 0102054905 Loan Paid in Full 0 8.402% 360 4 Group I 0102055142 Loan Paid in Full 0 8.990% 360 4 Group I 0102056041 Loan Paid in Full 0 7.853% 360 4 Group I 0102057023 Loan Paid in Full 0 10.990% 360 4 Group I 0102061397 Loan Paid in Full 0 6.740% 360 4 Group I 0102064326 Loan Paid in Full 0 7.040% 360 3 Group I 0102066503 Loan Paid in Full 0 6.390% 360 3 Group I 0102067634 Loan Paid in Full 0 8.740% 360 3 Group I 0102071818 Loan Paid in Full 0 6.890% 360 3 Group I 0102072089 Loan Paid in Full 0 7.340% 360 3 Group I 0102073780 Loan Paid in Full 0 7.290% 360 3 Group I 0102074291 Loan Paid in Full 0 8.040% 360 3 Group I 0102076080 Loan Paid in Full 0 7.740% 360 3 Group I 0102076593 Loan Paid in Full (1) 8.890% 360 3 Group I 0102079050 Loan Paid in Full 0 7.890% 360 3 Group I 0102080470 Loan Paid in Full 0 8.740% 288 3 Group I 0102091873 Loan Paid in Full 0 6.990% 360 2 Group I 0102092665 Loan Paid in Full 0 8.940% 360 2 Group I 0102104478 Loan Paid in Full 0 8.240% 360 2 Group I 0102107380 Loan Paid in Full 0 7.540% 360 2 Group II 0102042363 Loan Paid in Full 0 9.240% 72 5 Group II 0102052420 Loan Paid in Full 0 8.740% 180 4 Group II 0102053386 Loan Paid in Full 0 8.990% 360 4 Group II 0102055043 Loan Paid in Full 0 5.740% 360 4 Group II 0102055829 Loan Paid in Full 0 8.650% 360 4 Group II 0102055910 Loan Paid in Full 0 7.740% 336 4 Group II 0102057106 Loan Paid in Full 0 9.440% 180 4 Group II 0102058559 Loan Paid in Full 0 7.040% 96 4 Group II 0102062957 Loan Paid in Full 0 5.740% 360 4 Group II 0102063955 Loan Paid in Full 0 8.140% 348 4 Group II 0102065927 Loan Paid in Full 0 7.790% 360 3 Group II 0102066073 Loan Paid in Full 0 8.540% 360 3 Group II 0102066214 Loan Paid in Full 0 6.890% 204 3 Group II 0102067469 Loan Paid in Full 0 7.740% 312 3 Group II 0102067642 Loan Paid in Full 0 6.590% 312 3 Group II 0102067774 Loan Paid in Full 0 5.740% 360 3 Group II 0102067923 Loan Paid in Full 0 7.860% 360 3 Group II 0102073954 Loan Paid in Full (1) 8.140% 360 3 Group II 0102073970 Loan Paid in Full 0 9.640% 180 3 Group II 0102074283 Loan Paid in Full 0 9.240% 360 3 Group II 0102074606 Loan Paid in Full 0 7.490% 72 3 Group II 0102075496 Loan Paid in Full 0 10.240% 216 3 Group II 0102081007 Loan Paid in Full 0 7.540% 276 3 Group II 0102082302 Loan Paid in Full (1) 6.240% 360 3 Group II 0102082724 Loan Paid in Full 0 8.390% 360 3 Group II 0102085487 Loan Paid in Full 0 7.990% 264 2 Group II 0102087186 Loan Paid in Full 0 7.840% 360 2 Group II 0102088374 Loan Paid in Full (1) 9.740% 360 2 Group II 0102089034 Loan Paid in Full 0 9.990% 360 2 Group II 0102093440 Loan Paid in Full (1) 7.240% 360 2 Group II 0102096708 Loan Paid in Full 0 8.490% 360 2 Group II 0102097052 Loan Paid in Full 0 8.990% 360 2 Group II 0102097920 Loan Paid in Full 0 7.690% 180 2 Group II 0102099132 Loan Paid in Full 0 7.640% 324 2 Group II 0102099702 Loan Paid in Full 0 7.500% 360 2 Group II 0102101888 Loan Paid in Full 0 9.790% 360 2 Group II 0102103348 Loan Paid in Full (1) 8.890% 360 2 Group II 0102105608 Loan Paid in Full (1) 7.340% 156 2 This report has been compiled from data provided to Wells Fargo by third parties. Wells Fargo has not confirmed the accuracy of this data and assumes no duty to do so. Wells Fargo disclaims any responsibility for the accuracy of the data.
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 1.262% Current Month 14.138% Current Month 2,520.923% 3 Month Average 0.852% 3 Month Average 9.692% 3 Month Average 2,808.910% 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 5.223% N/A Apr-2005 3,219.320% N/A May-2005 9.715% N/A May-2005 2,686.487% N/A Jun-2005 14.138% N/A Jun-2005 2,520.923% 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. Group I SMM CPR PSA Current Month 2.230% Current Month 23.706% Current Month 4,240.640% 3 Month Average 1.319% 3 Month Average 14.474% 3 Month Average 4,094.472% 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 7.678% N/A Apr-2005 4,715.898% N/A May-2005 12.038% N/A May-2005 3,326.878% N/A Jun-2005 23.706% N/A Jun-2005 4,240.640% 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. Group II SMM CPR PSA Current Month 0.969% Current Month 11.028% Current Month 1,964.522% 3 Month Average 0.710% 3 Month Average 8.163% 3 Month Average 2,402.492% 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 4.464% N/A Apr-2005 2,754.218% N/A May-2005 8.998% N/A May-2005 2,488.735% N/A Jun-2005 11.028% N/A Jun-2005 1,964.522% 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. This report has been compiled from data provided to Wells Fargo by third parties. Wells Fargo has not confirmed the accuracy of this data and assumes no duty to do so. Wells Fargo disclaims any responsibility for the accuracy of the data. 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A 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 *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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A 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 *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. Group I 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A 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 *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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A 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 *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. Group II 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A 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 *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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A 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 *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. This report has been compiled from data provided to Wells Fargo by third parties. Wells Fargo has not confirmed the accuracy of this data and assumes no duty to do so. Wells Fargo disclaims any responsibility for the accuracy of the data. 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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