-----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, ADoxVDb69ZUdQ2CWQ5Z1Q8k1eSk7HIsyaPVtR7+xe4awbRER7kIfQs2CyhnOL+Qq vQFtR8SFF7ZZC7PcZKrp4Q== 0001056404-05-002911.txt : 20050829 0001056404-05-002911.hdr.sgml : 20050829 20050829092252 ACCESSION NUMBER: 0001056404-05-002911 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 2005-7 CENTRAL INDEX KEY: 0001322622 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: 333-120575-17 FILM NUMBER: 051053401 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 srm05007_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 2005-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120575-17 Pooling and Servicing Agreement) (Commission 54-2169505 (State or other File Number) 54-2169506 jurisdiction 54-2169507 of Incorporation) 54-2169508 54-2169509 54-6658779 54-6658780 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 2005-7 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 2005-7 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 2005-7 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 2005-7 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 2005-7 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 1-A1 863579PD4 SEN 5.40501% 277,745,844.66 1,251,015.71 1-A2 863579PE2 SEN 5.40501% 9,258,807.12 41,703.28 1-A3 863579PF9 SEN 5.40501% 137,766,200.52 620,522.99 1-A4 863579PG7 SEN 5.40501% 12,965,636.35 58,399.49 2-A1 863579PH5 SEN 5.46683% 95,108,342.67 433,284.48 2-A2 863579PJ1 SEN 5.46683% 7,740,868.45 35,265.03 3-A1 863579PK8 SEN 5.54204% 124,998,515.35 577,289.37 3-A2 863579PL6 SEN 5.54204% 10,173,577.35 46,985.34 4-A 863579PM4 SEN 5.45770% 88,801,879.09 403,878.55 5-A1 863579PN2 SEN 5.65453% 46,624,556.99 219,700.01 5-A2 863579PP7 SEN 5.65453% 1,553,239.57 7,319.03 6-A1 863579PQ5 SEN 5.93321% 23,821,789.75 117,782.96 6-A2 863579PR3 SEN 5.93321% 793,904.90 3,925.33 7-A 863579PS1 SEN 4.03300% 123,961,078.73 311,242.96 7-AX 863579PT9 IO 0.93598% 0.00 96,687.66 B1-I 863579PU6 SUB 5.46938% 29,007,405.67 132,210.32 B2-I 863579PV4 SUB 5.46938% 4,831,236.18 22,019.87 B3-I 863579PW2 SUB 5.46938% 8,700,022.96 39,653.08 B4-I 863579PX0 SUB 5.46938% 2,898,341.94 13,210.10 B5-I 863579PY8 SUB 5.46938% 3,864,789.06 17,614.98 B6-I 863579PZ5 SUB 5.46938% 2,414,618.66 11,005.38 B7-I 863579QA9 SUB 5.46938% 481,724.42 2,195.61 B8-I 863579QH4 SUB 5.46938% 5,315,958.89 24,229.15 B9-I 863579QJ0 SUB 5.46938% 5,799,682.16 26,433.87 B10-I 863579QK7 SUB 5.46938% 4,379,881.39 19,962.68 B1-II 863579QB7 SUB 3.91000% 4,128,838.84 12,267.98 B2-II 863579QC5 SUB 4.11000% 2,927,885.72 9,187.58 B3-II 863579QD3 SUB 4.16000% 749,970.73 2,384.63 B4-II 863579QE1 SUB 4.76000% 1,050,958.98 3,867.13 B5-II 863579QF8 SUB 4.76000% 749,970.73 2,759.61 B6-II 863579QL5 SUB 4.76000% 900,964.83 3,315.21 B7-II 863579QM3 SUB 4.76000% 1,350,947.27 4,970.98 B8-II 863579QN1 SUB 4.76000% 904,467.70 3,328.18 BX-II 863579QP6 SUB 0.66829% 0.00 0.00 R 863579QG6 RES 5.39989% 0.00 0.67 P SRM0507PI RES 0.00000% 0.06 30,902.00 Totals 1,041,771,907.69 4,606,521.20
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A1 7,019,855.81 0.00 270,725,988.85 8,270,871.52 0.00 1-A2 234,010.67 0.00 9,024,796.45 275,713.95 0.00 1-A3 3,481,956.19 0.00 134,284,244.33 4,102,479.18 0.00 1-A4 327,698.50 0.00 12,637,937.85 386,097.99 0.00 2-A1 1,359,805.99 0.00 93,748,536.68 1,793,090.47 0.00 2-A2 110,674.62 0.00 7,630,193.83 145,939.65 0.00 3-A1 3,877,951.64 0.00 121,120,563.71 4,455,241.01 0.00 3-A2 315,624.88 0.00 9,857,952.48 362,610.22 0.00 4-A 1,988,438.57 0.00 86,813,440.53 2,392,317.12 0.00 5-A1 18,039.02 0.00 46,606,517.96 237,739.03 0.00 5-A2 600.95 0.00 1,552,638.62 7,919.98 0.00 6-A1 3,225.08 0.00 23,818,564.67 121,008.04 0.00 6-A2 107.48 0.00 793,797.42 4,032.81 0.00 7-A 5,153,551.50 0.00 118,912,896.80 5,464,794.46 0.00 7-AX 0.00 0.00 0.00 96,687.66 0.00 B1-I 4,114.74 0.00 29,003,290.93 136,325.06 0.00 B2-I 685.32 0.00 4,830,550.87 22,705.19 0.00 B3-I 1,234.11 0.00 8,698,788.85 40,887.19 0.00 B4-I 411.13 0.00 2,897,930.81 13,621.23 0.00 B5-I 548.23 0.00 3,864,240.84 18,163.21 0.00 B6-I 342.52 0.00 2,414,276.15 11,347.90 0.00 B7-I 68.33 0.00 481,656.09 2,263.94 0.00 B8-I 754.08 0.00 5,315,204.81 24,983.23 0.00 B9-I 822.69 0.00 5,798,859.47 27,256.56 0.00 B10-I 621.29 0.00 4,379,260.10 20,583.97 0.00 B1-II 16.41 0.00 4,130,007.58 12,284.39 0.00 B2-II 11.64 0.00 2,928,714.51 9,199.22 0.00 B3-II 2.98 0.00 750,183.02 2,387.61 0.00 B4-II 4.18 0.00 1,051,256.47 3,871.31 0.00 B5-II 2.98 0.00 750,183.02 2,762.59 0.00 B6-II 3.58 0.00 901,219.87 3,318.79 0.00 B7-II 5.37 0.00 1,351,329.68 4,976.35 0.00 B8-II 3.59 0.00 904,723.73 3,331.77 0.00 BX-II 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.67 0.00 P 0.00 0.00 0.06 30,902.00 0.00 Totals 23,901,194.07 0.00 1,017,979,747.04 28,507,715.27 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) 1-A1 302,410,000.00 277,745,844.66 32,259.58 6,987,596.23 0.00 0.00 1-A2 10,081,000.00 9,258,807.12 1,075.39 232,935.28 0.00 0.00 1-A3 150,000,000.00 137,766,200.52 16,001.25 3,465,954.94 0.00 0.00 1-A4 14,117,000.00 12,965,636.35 1,505.93 326,192.57 0.00 0.00 2-A1 100,086,000.00 95,108,342.67 13,947.55 1,345,858.44 0.00 0.00 2-A2 8,146,000.00 7,740,868.45 1,135.19 109,539.42 0.00 0.00 3-A1 135,177,000.00 124,998,515.35 25,242.49 3,852,709.15 0.00 0.00 3-A2 11,002,000.00 10,173,577.35 2,054.48 313,570.40 0.00 0.00 4-A 93,018,000.00 88,801,879.09 11,500.76 1,976,937.81 0.00 0.00 5-A1 47,698,000.00 46,624,556.99 11,900.60 6,138.43 0.00 0.00 5-A2 1,589,000.00 1,553,239.57 396.45 204.49 0.00 0.00 6-A1 25,655,000.00 23,821,789.75 2,042.42 1,182.66 0.00 0.00 6-A2 855,000.00 793,904.90 68.07 39.41 0.00 0.00 7-A 137,405,000.00 123,961,078.73 492.74 5,153,058.76 0.00 0.00 B1-I 29,024,000.00 29,007,405.67 4,114.74 0.00 0.00 0.00 B2-I 4,834,000.00 4,831,236.18 685.32 0.00 0.00 0.00 B3-I 8,705,000.00 8,700,022.96 1,234.11 0.00 0.00 0.00 B4-I 2,900,000.00 2,898,341.94 411.13 0.00 0.00 0.00 B5-I 3,867,000.00 3,864,789.06 548.23 0.00 0.00 0.00 B6-I 2,416,000.00 2,414,618.66 342.52 0.00 0.00 0.00 B7-I 482,000.00 481,724.42 68.33 0.00 0.00 0.00 B8-I 5,319,000.00 5,315,958.89 754.08 0.00 0.00 0.00 B9-I 5,803,000.00 5,799,682.16 822.69 0.00 0.00 0.00 B10-I 4,382,387.00 4,379,881.39 621.29 0.00 0.00 0.00 B1-II 4,129,000.00 4,128,838.84 16.41 0.00 0.00 0.00 B2-II 2,928,000.00 2,927,885.72 11.64 0.00 0.00 0.00 B3-II 750,000.00 749,970.73 2.98 0.00 0.00 0.00 B4-II 1,051,000.00 1,050,958.98 4.18 0.00 0.00 0.00 B5-II 750,000.00 749,970.73 2.98 0.00 0.00 0.00 B6-II 901,000.00 900,964.83 3.58 0.00 0.00 0.00 B7-II 1,351,000.00 1,350,947.27 5.37 0.00 0.00 0.00 B8-II 904,503.00 904,467.70 3.59 0.00 0.00 0.00 BX-II 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 P 0.06 0.06 0.00 0.00 0.00 0.00 Totals 1,117,735,990.06 1,041,771,907.69 129,276.07 23,771,917.99 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 1-A1 7,019,855.81 270,725,988.85 0.89522830 7,019,855.81 1-A2 234,010.67 9,024,796.45 0.89522830 234,010.67 1-A3 3,481,956.19 134,284,244.33 0.89522830 3,481,956.19 1-A4 327,698.50 12,637,937.85 0.89522830 327,698.50 2-A1 1,359,805.99 93,748,536.68 0.93667982 1,359,805.99 2-A2 110,674.62 7,630,193.83 0.93667982 110,674.62 3-A1 3,877,951.64 121,120,563.71 0.89601459 3,877,951.64 3-A2 315,624.88 9,857,952.48 0.89601459 315,624.88 4-A 1,988,438.57 86,813,440.53 0.93329722 1,988,438.57 5-A1 18,039.02 46,606,517.96 0.97711682 18,039.02 5-A2 600.95 1,552,638.62 0.97711682 600.95 6-A1 3,225.08 23,818,564.67 0.92841803 3,225.08 6-A2 107.48 793,797.42 0.92841804 107.48 7-A 5,153,551.50 118,912,896.80 0.86541899 5,153,551.50 B1-I 4,114.74 29,003,290.93 0.99928648 4,114.74 B2-I 685.32 4,830,550.87 0.99928649 685.32 B3-I 1,234.11 8,698,788.85 0.99928648 1,234.11 B4-I 411.13 2,897,930.81 0.99928649 411.13 B5-I 548.23 3,864,240.84 0.99928649 548.23 B6-I 342.52 2,414,276.15 0.99928649 342.52 B7-I 68.33 481,656.09 0.99928649 68.33 B8-I 754.08 5,315,204.81 0.99928648 754.08 B9-I 822.69 5,798,859.47 0.99928648 822.69 B10-I 621.29 4,379,260.10 0.99928648 621.29 B1-II 16.41 4,130,007.58 1.00024403 16.41 B2-II 11.64 2,928,714.51 1.00024403 11.64 B3-II 2.98 750,183.02 1.00024403 2.98 B4-II 4.18 1,051,256.47 1.00024402 4.18 B5-II 2.98 750,183.02 1.00024403 2.98 B6-II 3.58 901,219.87 1.00024403 3.58 B7-II 5.37 1,351,329.68 1.00024403 5.37 B8-II 3.59 904,723.73 1.00024403 3.59 BX-II 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 P 0.00 0.06 1.00000000 0.00 Totals 23,901,194.07 1,017,979,747.04 0.91075152 23,901,194.07
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 302,410,000.00 918.44133679 0.10667498 23.10636629 0.00000000 1-A2 10,081,000.00 918.44133717 0.10667493 23.10636643 0.00000000 1-A3 150,000,000.00 918.44133680 0.10667500 23.10636627 0.00000000 1-A4 14,117,000.00 918.44133669 0.10667493 23.10636608 0.00000000 2-A1 100,086,000.00 950.26619777 0.13935565 13.44701996 0.00000000 2-A2 8,146,000.00 950.26619813 0.13935551 13.44701940 0.00000000 3-A1 135,177,000.00 924.70254074 0.18673658 28.50121803 0.00000000 3-A2 11,002,000.00 924.70254045 0.18673696 28.50121796 0.00000000 4-A 93,018,000.00 954.67413931 0.12364016 21.25328227 0.00000000 5-A1 47,698,000.00 977.49501006 0.24949893 0.12869366 0.00000000 5-A2 1,589,000.00 977.49500944 0.24949654 0.12869100 0.00000000 6-A1 25,655,000.00 928.54374391 0.07961099 0.04609862 0.00000000 6-A2 855,000.00 928.54374269 0.07961404 0.04609357 0.00000000 7-A 137,405,000.00 902.15842750 0.00358604 37.50270194 0.00000000 7-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1-I 29,024,000.00 999.42825489 0.14177026 0.00000000 0.00000000 B2-I 4,834,000.00 999.42825403 0.14177079 0.00000000 0.00000000 B3-I 8,705,000.00 999.42825503 0.14177025 0.00000000 0.00000000 B4-I 2,900,000.00 999.42825517 0.14176897 0.00000000 0.00000000 B5-I 3,867,000.00 999.42825446 0.14177140 0.00000000 0.00000000 B6-I 2,416,000.00 999.42825331 0.14177152 0.00000000 0.00000000 B7-I 482,000.00 999.42825726 0.14176349 0.00000000 0.00000000 B8-I 5,319,000.00 999.42825531 0.14177101 0.00000000 0.00000000 B9-I 5,803,000.00 999.42825435 0.14176977 0.00000000 0.00000000 B10-I 4,382,387.00 999.42825451 0.14176977 0.00000000 0.00000000 B1-II 4,129,000.00 999.96096876 0.00397433 0.00000000 0.00000000 B2-II 2,928,000.00 999.96096995 0.00397541 0.00000000 0.00000000 B3-II 750,000.00 999.96097333 0.00397333 0.00000000 0.00000000 B4-II 1,051,000.00 999.96097050 0.00397716 0.00000000 0.00000000 B5-II 750,000.00 999.96097333 0.00397333 0.00000000 0.00000000 B6-II 901,000.00 999.96096559 0.00397336 0.00000000 0.00000000 B7-II 1,351,000.00 999.96096965 0.00397483 0.00000000 0.00000000 B8-II 904,503.00 999.96097304 0.00396903 0.00000000 0.00000000 BX-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.06 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes per $1,000 denominations
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 23.21304127 895.22829553 0.89522830 23.21304127 1-A2 0.00000000 23.21304136 895.22829580 0.89522830 23.21304136 1-A3 0.00000000 23.21304127 895.22829553 0.89522830 23.21304127 1-A4 0.00000000 23.21304101 895.22829567 0.89522830 23.21304101 2-A1 0.00000000 13.58637562 936.67982215 0.93667982 13.58637562 2-A2 0.00000000 13.58637614 936.67982200 0.93667982 13.58637614 3-A1 0.00000000 28.68795461 896.01458614 0.89601459 28.68795461 3-A2 0.00000000 28.68795492 896.01458644 0.89601459 28.68795492 4-A 0.00000000 21.37692242 933.29721699 0.93329722 21.37692242 5-A1 0.00000000 0.37819238 977.11681748 0.97711682 0.37819238 5-A2 0.00000000 0.37819383 977.11681561 0.97711682 0.37819383 6-A1 0.00000000 0.12570961 928.41803430 0.92841803 0.12570961 6-A2 0.00000000 0.12570760 928.41803509 0.92841804 0.12570760 7-A 0.00000000 37.50628798 865.41899349 0.86541899 37.50628798 7-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1-I 0.00000000 0.14177026 999.28648463 0.99928648 0.14177026 B2-I 0.00000000 0.14177079 999.28648531 0.99928649 0.14177079 B3-I 0.00000000 0.14177025 999.28648478 0.99928648 0.14177025 B4-I 0.00000000 0.14176897 999.28648621 0.99928649 0.14176897 B5-I 0.00000000 0.14177140 999.28648565 0.99928649 0.14177140 B6-I 0.00000000 0.14177152 999.28648593 0.99928649 0.14177152 B7-I 0.00000000 0.14176349 999.28649378 0.99928649 0.14176349 B8-I 0.00000000 0.14177101 999.28648430 0.99928648 0.14177101 B9-I 0.00000000 0.14176977 999.28648458 0.99928648 0.14176977 B10-I 0.00000000 0.14176977 999.28648474 0.99928648 0.14176977 B1-II 0.00000000 0.00397433 1,000.24402519 1.00024403 0.00397433 B2-II 0.00000000 0.00397541 1,000.24402664 1.00024403 0.00397541 B3-II 0.00000000 0.00397333 1,000.24402667 1.00024403 0.00397333 B4-II 0.00000000 0.00397716 1,000.24402474 1.00024402 0.00397716 B5-II 0.00000000 0.00397333 1,000.24402667 1.00024403 0.00397333 B6-II 0.00000000 0.00397336 1,000.24402886 1.00024403 0.00397336 B7-II 0.00000000 0.00397483 1,000.24402665 1.00024403 0.00397483 B8-II 0.00000000 0.00396903 1,000.24403457 1.00024403 0.00396903 BX-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 1-A1 302,410,000.00 5.40501% 277,745,844.66 1,251,015.71 0.00 0.00 1-A2 10,081,000.00 5.40501% 9,258,807.12 41,703.28 0.00 0.00 1-A3 150,000,000.00 5.40501% 137,766,200.52 620,522.99 0.00 0.00 1-A4 14,117,000.00 5.40501% 12,965,636.35 58,399.49 0.00 0.00 2-A1 100,086,000.00 5.46683% 95,108,342.67 433,284.48 0.00 0.00 2-A2 8,146,000.00 5.46683% 7,740,868.45 35,265.03 0.00 0.00 3-A1 135,177,000.00 5.54204% 124,998,515.35 577,289.37 0.00 0.00 3-A2 11,002,000.00 5.54204% 10,173,577.35 46,985.34 0.00 0.00 4-A 93,018,000.00 5.45770% 88,801,879.09 403,878.55 0.00 0.00 5-A1 47,698,000.00 5.65453% 46,624,556.99 219,700.01 0.00 0.00 5-A2 1,589,000.00 5.65453% 1,553,239.57 7,319.03 0.00 0.00 6-A1 25,655,000.00 5.93321% 23,821,789.75 117,782.96 0.00 0.00 6-A2 855,000.00 5.93321% 793,904.90 3,925.33 0.00 0.00 7-A 137,405,000.00 4.03300% 123,961,078.73 416,612.53 0.00 0.00 7-AX 0.00 0.93598% 123,961,078.73 96,687.66 0.00 0.00 B1-I 29,024,000.00 5.46938% 29,007,405.67 132,210.32 0.00 0.00 B2-I 4,834,000.00 5.46938% 4,831,236.18 22,019.87 0.00 0.00 B3-I 8,705,000.00 5.46938% 8,700,022.96 39,653.08 0.00 0.00 B4-I 2,900,000.00 5.46938% 2,898,341.94 13,210.10 0.00 0.00 B5-I 3,867,000.00 5.46938% 3,864,789.06 17,614.98 0.00 0.00 B6-I 2,416,000.00 5.46938% 2,414,618.66 11,005.38 0.00 0.00 B7-I 482,000.00 5.46938% 481,724.42 2,195.61 0.00 0.00 B8-I 5,319,000.00 5.46938% 5,315,958.89 24,229.15 0.00 0.00 B9-I 5,803,000.00 5.46938% 5,799,682.16 26,433.87 0.00 0.00 B10-I 4,382,387.00 5.46938% 4,379,881.39 19,962.68 0.00 0.00 B1-II 4,129,000.00 3.91000% 4,128,838.84 13,453.13 0.00 0.00 B2-II 2,928,000.00 4.11000% 2,927,885.72 10,028.01 0.00 0.00 B3-II 750,000.00 4.16000% 749,970.73 2,599.90 0.00 0.00 B4-II 1,051,000.00 4.76000% 1,050,958.98 4,168.80 0.00 0.00 B5-II 750,000.00 4.76000% 749,970.73 2,974.88 0.00 0.00 B6-II 901,000.00 4.76000% 900,964.83 3,573.83 0.00 0.00 B7-II 1,351,000.00 4.76000% 1,350,947.27 5,358.76 0.00 0.00 B8-II 904,503.00 4.76000% 904,467.70 3,587.72 0.08 0.00 BX-II 0.00 0.66829% 12,787,553.53 7,205.89 0.00 0.00 R 100.00 5.39989% 0.00 0.00 0.00 0.00 P 0.06 0.00000% 0.06 0.00 0.00 0.00 Totals 1,117,735,990.06 4,691,857.72 0.08 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 1-A1 0.00 0.00 1,251,015.71 0.00 270,725,988.85 1-A2 0.00 0.00 41,703.28 0.00 9,024,796.45 1-A3 0.00 0.00 620,522.99 0.00 134,284,244.33 1-A4 0.00 0.00 58,399.49 0.00 12,637,937.85 2-A1 0.00 0.00 433,284.48 0.00 93,748,536.68 2-A2 0.00 0.00 35,265.03 0.00 7,630,193.83 3-A1 0.00 0.00 577,289.37 0.00 121,120,563.71 3-A2 0.00 0.00 46,985.34 0.00 9,857,952.48 4-A 0.00 0.00 403,878.55 0.00 86,813,440.53 5-A1 0.00 0.00 219,700.01 0.00 46,606,517.96 5-A2 0.00 0.00 7,319.03 0.00 1,552,638.62 6-A1 0.00 0.00 117,782.96 0.00 23,818,564.67 6-A2 0.00 0.00 3,925.33 0.00 793,797.42 7-A 0.00 0.00 311,242.96 0.00 118,912,896.80 7-AX 0.00 0.00 96,687.66 0.00 118,912,896.80 B1-I 0.00 0.00 132,210.32 0.00 29,003,290.93 B2-I 0.00 0.00 22,019.87 0.00 4,830,550.87 B3-I 0.00 0.00 39,653.08 0.00 8,698,788.85 B4-I 0.00 0.00 13,210.10 0.00 2,897,930.81 B5-I 0.00 0.00 17,614.98 0.00 3,864,240.84 B6-I 0.00 0.00 11,005.38 0.00 2,414,276.15 B7-I 0.00 0.00 2,195.61 0.00 481,656.09 B8-I 0.00 0.00 24,229.15 0.00 5,315,204.81 B9-I 0.00 0.00 26,433.87 0.00 5,798,859.47 B10-I 0.00 0.00 19,962.68 0.00 4,379,260.10 B1-II 0.00 0.00 12,267.98 0.00 4,130,007.58 B2-II 0.00 0.00 9,187.58 0.00 2,928,714.51 B3-II 0.00 0.00 2,384.63 0.00 750,183.02 B4-II 0.00 0.00 3,867.13 0.00 1,051,256.47 B5-II 0.00 0.00 2,759.61 0.00 750,183.02 B6-II 0.00 0.00 3,315.21 0.00 901,219.87 B7-II 0.00 0.00 4,970.98 0.00 1,351,329.68 B8-II 0.00 0.00 3,328.18 0.00 904,723.73 BX-II 0.00 0.00 0.00 0.00 12,798,372.49 R 0.00 0.00 0.67 0.00 0.00 P 0.00 0.00 30,902.00 0.00 0.06 Totals 0.00 0.00 4,606,521.20 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 1-A1 302,410,000.00 5.40501% 918.44133679 4.13681991 0.00000000 0.00000000 1-A2 10,081,000.00 5.40501% 918.44133717 4.13681976 0.00000000 0.00000000 1-A3 150,000,000.00 5.40501% 918.44133680 4.13681993 0.00000000 0.00000000 1-A4 14,117,000.00 5.40501% 918.44133669 4.13682015 0.00000000 0.00000000 2-A1 100,086,000.00 5.46683% 950.26619777 4.32912176 0.00000000 0.00000000 2-A2 8,146,000.00 5.46683% 950.26619813 4.32912227 0.00000000 0.00000000 3-A1 135,177,000.00 5.54204% 924.70254074 4.27061830 0.00000000 0.00000000 3-A2 11,002,000.00 5.54204% 924.70254045 4.27061807 0.00000000 0.00000000 4-A 93,018,000.00 5.45770% 954.67413931 4.34193973 0.00000000 0.00000000 5-A1 47,698,000.00 5.65453% 977.49501006 4.60606336 0.00000000 0.00000000 5-A2 1,589,000.00 5.65453% 977.49500944 4.60606042 0.00000000 0.00000000 6-A1 25,655,000.00 5.93321% 928.54374391 4.59103333 0.00000000 0.00000000 6-A2 855,000.00 5.93321% 928.54374269 4.59102924 0.00000000 0.00000000 7-A 137,405,000.00 4.03300% 902.15842750 3.03200415 0.00000000 0.00000000 7-AX 0.00 0.93598% 0.00000000 0.00000000 0.00000000 0.00000000 B1-I 29,024,000.00 5.46938% 999.42825489 4.55520673 0.00000000 0.00000000 B2-I 4,834,000.00 5.46938% 999.42825403 4.55520687 0.00000000 0.00000000 B3-I 8,705,000.00 5.46938% 999.42825503 4.55520735 0.00000000 0.00000000 B4-I 2,900,000.00 5.46938% 999.42825517 4.55520690 0.00000000 0.00000000 B5-I 3,867,000.00 5.46938% 999.42825446 4.55520559 0.00000000 0.00000000 B6-I 2,416,000.00 5.46938% 999.42825331 4.55520695 0.00000000 0.00000000 B7-I 482,000.00 5.46938% 999.42825726 4.55520747 0.00000000 0.00000000 B8-I 5,319,000.00 5.46938% 999.42825531 4.55520775 0.00000000 0.00000000 B9-I 5,803,000.00 5.46938% 999.42825435 4.55520765 0.00000000 0.00000000 B10-I 4,382,387.00 5.46938% 999.42825451 4.55520701 0.00000000 0.00000000 B1-II 4,129,000.00 3.91000% 999.96096876 3.25820538 0.00000000 0.00000000 B2-II 2,928,000.00 4.11000% 999.96096995 3.42486680 0.00000000 0.00000000 B3-II 750,000.00 4.16000% 999.96097333 3.46653333 0.00000000 0.00000000 B4-II 1,051,000.00 4.76000% 999.96097050 3.96650809 0.00000000 0.00000000 B5-II 750,000.00 4.76000% 999.96097333 3.96650667 0.00000000 0.00000000 B6-II 901,000.00 4.76000% 999.96096559 3.96651498 0.00000000 0.00000000 B7-II 1,351,000.00 4.76000% 999.96096965 3.96651369 0.00000000 0.00000000 B8-II 904,503.00 4.76000% 999.96097304 3.96650978 0.00008845 0.00000000 BX-II 0.00 0.66829% 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 5.39989% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.06 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes per $1,000 denominations
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A1 0.00000000 0.00000000 4.13681991 0.00000000 895.22829553 1-A2 0.00000000 0.00000000 4.13681976 0.00000000 895.22829580 1-A3 0.00000000 0.00000000 4.13681993 0.00000000 895.22829553 1-A4 0.00000000 0.00000000 4.13682015 0.00000000 895.22829567 2-A1 0.00000000 0.00000000 4.32912176 0.00000000 936.67982215 2-A2 0.00000000 0.00000000 4.32912227 0.00000000 936.67982200 3-A1 0.00000000 0.00000000 4.27061830 0.00000000 896.01458614 3-A2 0.00000000 0.00000000 4.27061807 0.00000000 896.01458644 4-A 0.00000000 0.00000000 4.34193973 0.00000000 933.29721699 5-A1 0.00000000 0.00000000 4.60606336 0.00000000 977.11681748 5-A2 0.00000000 0.00000000 4.60606042 0.00000000 977.11681561 6-A1 0.00000000 0.00000000 4.59103333 0.00000000 928.41803430 6-A2 0.00000000 0.00000000 4.59102924 0.00000000 928.41803509 7-A 0.00000000 0.00000000 2.26515018 0.00000000 865.41899349 7-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1-I 0.00000000 0.00000000 4.55520673 0.00000000 999.28648463 B2-I 0.00000000 0.00000000 4.55520687 0.00000000 999.28648531 B3-I 0.00000000 0.00000000 4.55520735 0.00000000 999.28648478 B4-I 0.00000000 0.00000000 4.55520690 0.00000000 999.28648621 B5-I 0.00000000 0.00000000 4.55520559 0.00000000 999.28648565 B6-I 0.00000000 0.00000000 4.55520695 0.00000000 999.28648593 B7-I 0.00000000 0.00000000 4.55520747 0.00000000 999.28649378 B8-I 0.00000000 0.00000000 4.55520775 0.00000000 999.28648430 B9-I 0.00000000 0.00000000 4.55520765 0.00000000 999.28648458 B10-I 0.00000000 0.00000000 4.55520701 0.00000000 999.28648474 B1-II 0.00000000 0.00000000 2.97117462 0.00000000 1000.24402519 B2-II 0.00000000 0.00000000 3.13783470 0.00000000 1000.24402664 B3-II 0.00000000 0.00000000 3.17950667 0.00000000 1000.24402667 B4-II 0.00000000 0.00000000 3.67947669 0.00000000 1000.24402474 B5-II 0.00000000 0.00000000 3.67948000 0.00000000 1000.24402667 B6-II 0.00000000 0.00000000 3.67947836 0.00000000 1000.24402886 B7-II 0.00000000 0.00000000 3.67948187 0.00000000 1000.24402665 B8-II 0.00000000 0.00000000 3.67956767 0.00000000 1000.24403457 BX-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 6.70000000 0.00000000 0.00000000 P 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 28,713,792.63 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 30,902.00 Total Deposits 28,744,694.63 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 236,979.36 Payment of Interest and Principal 28,507,715.27 Total Withdrawals (Pool Distribution Amount) 28,744,694.63 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 232,638.55 Securities Administrator Fee 4,340.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 236,979.36
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 2 339,464.60 0.00 0.00 339,464.60 30 Days 52 0 0 0 52 15,943,664.65 0.00 0.00 0.00 15,943,664.65 60 Days 5 0 0 0 5 1,327,989.51 0.00 0.00 0.00 1,327,989.51 90 Days 1 0 1 0 2 120,000.00 0.00 204,575.83 0.00 324,575.83 120 Days 0 0 1 0 1 0.00 0.00 218,400.00 0.00 218,400.00 150 Days 0 0 1 0 1 0.00 0.00 67,150.00 0.00 67,150.00 180+ Days 0 0 1 0 1 0.00 0.00 344,012.85 0.00 344,012.85 Totals 58 2 4 0 64 17,391,654.16 339,464.60 834,138.68 0.00 18,565,257.44 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 0.060864% 0.000000% 0.000000% 0.060864% 0.033347% 0.000000% 0.000000% 0.033347% 30 Days 1.582471% 0.000000% 0.000000% 0.000000% 1.582471% 1.566189% 0.000000% 0.000000% 0.000000% 1.566189% 60 Days 0.152161% 0.000000% 0.000000% 0.000000% 0.152161% 0.130452% 0.000000% 0.000000% 0.000000% 0.130452% 90 Days 0.030432% 0.000000% 0.030432% 0.000000% 0.060864% 0.011788% 0.000000% 0.020096% 0.000000% 0.031884% 120 Days 0.000000% 0.000000% 0.030432% 0.000000% 0.030432% 0.000000% 0.000000% 0.021454% 0.000000% 0.021454% 150 Days 0.000000% 0.000000% 0.030432% 0.000000% 0.030432% 0.000000% 0.000000% 0.006596% 0.000000% 0.006596% 180+ Days 0.000000% 0.000000% 0.030432% 0.000000% 0.030432% 0.000000% 0.000000% 0.033793% 0.000000% 0.033793% Totals 1.765064% 0.060864% 0.121729% 0.000000% 1.947657% 1.708429% 0.033347% 0.081940% 0.000000% 1.823715%
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 27 0 0 0 27 10,316,001.78 0.00 0.00 0.00 10,316,001.78 60 Days 3 0 0 0 3 1,003,889.51 0.00 0.00 0.00 1,003,889.51 90 Days 1 0 0 0 1 120,000.00 0.00 0.00 0.00 120,000.00 120 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 67,150.00 0.00 67,150.00 180+ Days 0 0 1 0 1 0.00 0.00 344,012.85 0.00 344,012.85 Totals 31 0 2 0 33 11,439,891.29 0.00 411,162.85 0.00 11,851,054.14 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.051672% 0.000000% 0.000000% 0.000000% 2.051672% 2.230159% 0.000000% 0.000000% 0.000000% 2.230159% 60 Days 0.227964% 0.000000% 0.000000% 0.000000% 0.227964% 0.217025% 0.000000% 0.000000% 0.000000% 0.217025% 90 Days 0.075988% 0.000000% 0.000000% 0.000000% 0.075988% 0.025942% 0.000000% 0.000000% 0.000000% 0.025942% 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% 0.075988% 0.000000% 0.075988% 0.000000% 0.000000% 0.014517% 0.000000% 0.014517% 180+ Days 0.000000% 0.000000% 0.075988% 0.000000% 0.075988% 0.000000% 0.000000% 0.074370% 0.000000% 0.074370% Totals 2.355623% 0.000000% 0.151976% 0.000000% 2.507599% 2.473126% 0.000000% 0.088887% 0.000000% 2.562013% 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 1 107,899.37 0.00 0.00 107,899.37 30 Days 9 0 0 0 9 1,357,164.40 0.00 0.00 0.00 1,357,164.40 60 Days 1 0 0 0 1 114,000.00 0.00 0.00 0.00 114,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 1 0 1 0.00 0.00 218,400.00 0.00 218,400.00 150 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 10 1 1 0 12 1,471,164.40 107,899.37 218,400.00 0.00 1,797,463.77 0-29 Days 0.178891% 0.000000% 0.000000% 0.178891% 0.098511% 0.000000% 0.000000% 0.098511% 30 Days 1.610018% 0.000000% 0.000000% 0.000000% 1.610018% 1.239076% 0.000000% 0.000000% 0.000000% 1.239076% 60 Days 0.178891% 0.000000% 0.000000% 0.000000% 0.178891% 0.104081% 0.000000% 0.000000% 0.000000% 0.104081% 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% 0.178891% 0.000000% 0.178891% 0.000000% 0.000000% 0.199397% 0.000000% 0.199397% 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 1.788909% 0.178891% 0.178891% 0.000000% 2.146691% 1.343156% 0.098511% 0.199397% 0.000000% 1.641064% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 2 580,137.83 0.00 0.00 0.00 580,137.83 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 1 0 1 0.00 0.00 204,575.83 0.00 204,575.83 120 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 2 0 1 0 3 580,137.83 0.00 204,575.83 0.00 784,713.66 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.561798% 0.000000% 0.000000% 0.000000% 0.561798% 0.408561% 0.000000% 0.000000% 0.000000% 0.408561% 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% 0.280899% 0.000000% 0.280899% 0.000000% 0.000000% 0.144072% 0.000000% 0.144072% 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 0.561798% 0.000000% 0.280899% 0.000000% 0.842697% 0.408561% 0.000000% 0.144072% 0.000000% 0.552633% 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 6 0 0 0 6 1,344,952.74 0.00 0.00 0.00 1,344,952.74 60 Days 1 0 0 0 1 210,100.00 0.00 0.00 0.00 210,100.00 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 7 0 0 0 7 1,555,052.74 0.00 0.00 0.00 1,555,052.74 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.229508% 0.000000% 0.000000% 0.000000% 1.229508% 1.433538% 0.000000% 0.000000% 0.000000% 1.433538% 60 Days 0.204918% 0.000000% 0.000000% 0.000000% 0.204918% 0.223938% 0.000000% 0.000000% 0.000000% 0.223938% 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 1.434426% 0.000000% 0.000000% 0.000000% 1.434426% 1.657477% 0.000000% 0.000000% 0.000000% 1.657477% 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 2 0 0 0 2 996,288.67 0.00 0.00 0.00 996,288.67 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 2 0 0 0 2 996,288.67 0.00 0.00 0.00 996,288.67 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.538462% 0.000000% 0.000000% 0.000000% 1.538462% 1.920588% 0.000000% 0.000000% 0.000000% 1.920588% 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 1.538462% 0.000000% 0.000000% 0.000000% 1.538462% 1.920588% 0.000000% 0.000000% 0.000000% 1.920588% 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 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 7 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 1 231,565.23 0.00 0.00 231,565.23 30 Days 6 0 0 0 6 1,349,119.23 0.00 0.00 0.00 1,349,119.23 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 6 1 0 0 7 1,349,119.23 231,565.23 0.00 0.00 1,580,684.46 0-29 Days 0.268817% 0.000000% 0.000000% 0.268817% 0.175970% 0.000000% 0.000000% 0.175970% 30 Days 1.612903% 0.000000% 0.000000% 0.000000% 1.612903% 1.025216% 0.000000% 0.000000% 0.000000% 1.025216% 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 1.612903% 0.268817% 0.000000% 0.000000% 1.881720% 1.025216% 0.175970% 0.000000% 0.000000% 1.201185%
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 698,897.00 0.06252791% 698,897.00 0.06865322% Fraud 22,354,719.00 1.99999993% 22,354,719.00 2.19592224% Special Hazard 18,279,047.00 1.63536355% 12,818,320.34 1.25915404% 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 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. 7 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 3 Sep-04 0.000% Original Principal Balance 768,200.00 Oct-04 0.000% Current Principal Balance 766,988.68 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 835,350.00 Mar-05 0.000% Current Principal Balance 834,138.68 Apr-05 0.000% May-05 0.015% Jun-05 0.050% Jul-05 0.051% Aug-05 0.082% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Sep-04 0.000% Original Principal Balance 345,000.00 Oct-04 0.000% Current Principal Balance 344,012.85 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 2 Feb-05 0.000% Original Principal Balance 412,150.00 Mar-05 0.000% Current Principal Balance 411,162.85 Apr-05 0.000% May-05 0.000% Jun-05 0.109% Jul-05 0.111% Aug-05 0.089% *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 1 Sep-04 0.000% Original Principal Balance 218,400.00 Oct-04 0.000% Current Principal Balance 218,400.00 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 218,400.00 Mar-05 0.000% Current Principal Balance 218,400.00 Apr-05 0.000% May-05 0.143% Jun-05 0.000% Jul-05 0.000% Aug-05 0.199% *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 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Sep-04 0.000% Original Principal Balance 204,800.00 Oct-04 0.000% Current Principal Balance 204,575.83 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 204,800.00 Mar-05 0.000% Current Principal Balance 204,575.83 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.144% *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. 7 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 0018513630 Aug-2005 01-Nov-2004 NY 75.00 345,000.00 1 0018995217 Jun-2005 01-Feb-2005 KS 85.00 67,150.00 2 0030178453 Aug-2005 01-Mar-2005 MN 80.00 218,400.00 3 0019714682 Aug-2005 01-Apr-2005 UT 80.00 204,800.00
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 0018513630 344,012.85 01-Jan-2005 6 6.250% 10,283.49 1 0018995217 67,150.00 01-Feb-2005 5 6.125% 1,972.50 2 0030178453 218,400.00 01-Mar-2005 4 6.125% 6,415.50 3 0019714682 204,575.83 01-Apr-2005 3 5.500% 4,470.15
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 5.678239% Weighted Average Net Coupon 5.410273% Weighted Average Pass-Through Rate 5.404352% Weighted Average Maturity(Stepdown Calculation) 355 Beginning Scheduled Collateral Loan Count 3,350 Number Of Loans Paid In Full 64 Ending Scheduled Collateral Loan Count 3,286 Beginning Scheduled Collateral Balance 1,041,795,456.68 Ending Scheduled Collateral Balance 1,018,010,501.79 Ending Actual Collateral Balance at 29-Jul-2005 1,017,991,019.75 Monthly P&I Constant 4,905,085.76 Special Servicing Fee 0.00 Prepayment Penalties 30,902.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal (24,550.66) Unscheduled Principal 23,809,505.55
Pool 1-6 Special Hazard Loss Limit 8,862,992.36 Pool 7 Special Hard Loss Limit 3,955,327.98 Component BXII-N Beginning Balance 23,548.60 Component BXII-N Ending Balance 30,754.49
Miscellaneous Reporting One-Month LIBOR 3.460000% One-Year MTA 2.633000% Sub Floating Rate Cert Shortfall 0.00 7A Negative Amortization 105,369.57 B1-II Negative Amortization 1,185.15 B2-II Negative Amortization 840.43 B3-II Negative Amortization 215.27 B4-II Negative Amortization 301.67 B5-II Negative Amortization 215.27 B6-II Negative Amortization 258.61 B7-II Negative Amortization 387.78 B8-II Negative Amortization 259.62
Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.661410 5.721833 5.803616 Weighted Average Net Rate 5.410009 5.471833 5.547044 Weighted Average Maturity 355 355 355 Beginning Loan Count 1,345 567 366 Loans Paid In Full 29 8 10 Ending Loan Count 1,316 559 356 Beginning Scheduled Balance 473,594,335.17 110,991,146.54 146,166,205.69 Ending Scheduled Balance 462,526,649.19 109,519,471.93 141,970,409.00 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 2,289,350.04 545,504.13 736,427.55 Scheduled Principal 55,006.96 16,276.75 29,517.14 Unscheduled Principal 11,012,679.02 1,455,397.86 4,166,279.55 Scheduled Interest 2,234,343.08 529,227.38 706,910.41 Servicing Fees 99,218.23 23,123.16 31,251.72 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 1,973.31 462.46 609.03 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,133,151.54 505,641.76 675,049.66 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 30,902.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.405009 5.466833 5.542044
Group Level Collateral Statement Group 4 5 6 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.712704 5.909531 6.188203 Weighted Average Net Rate 5.462704 5.659531 5.938204 Weighted Average Maturity 355 355 355 Beginning Loan Count 495 130 65 Loans Paid In Full 7 0 0 Ending Loan Count 488 130 65 Beginning Scheduled Balance 95,800,501.93 51,884,138.77 26,610,496.32 Ending scheduled Balance 93,811,156.97 51,864,552.78 26,606,992.73 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 468,473.72 268,752.18 139,507.49 Scheduled Principal 12,407.15 13,243.07 2,281.52 Unscheduled Principal 1,976,937.81 6,342.92 1,222.07 Scheduled Interest 456,066.57 255,509.11 137,225.97 Servicing Fees 19,958.44 10,809.20 5,543.85 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 399.17 216.18 110.88 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 435,708.96 244,483.73 131,571.24 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 5.457704 5.654531 5.933203
Group Level Collateral Statement Group 7 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.355993 5.678239 Weighted Average Net Rate 4.980993 5.410273 Weighted Average Maturity 355.00 355.00 Record Date 07/29/2005 07/29/2005 Principal And Interest Constant 457,070.65 4,905,085.76 Beginning Loan Count 382 3,350 Loans Paid In Full 10 64 Ending Loan Count 372 3,286 Beginning Scheduled Balance 136,748,632.26 1,041,795,456.68 Ending Scheduled Balance 131,711,269.19 1,018,010,501.79 Scheduled Principal (153,283.25) (24,550.66) Unscheduled Principal 5,190,646.32 23,809,505.55 Scheduled Interest 610,353.90 4,929,636.42 Servicing Fee 42,733.95 232,638.55 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 1,368.82 5,139.85 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 566,251.13 4,691,858.02 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 30,902.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.968981 5.404352
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 29 10,554,335.00 10,492,493.31 0 0.00 0.00 2 8 1,435,899.00 1,434,848.43 0 0.00 0.00 3 10 4,176,678.00 4,164,559.50 0 0.00 0.00 4 7 1,965,300.00 1,965,148.06 0 0.00 0.00 5 0 0.00 0.00 0 0.00 0.00 6 0 0.00 0.00 0 0.00 0.00 7 10 5,131,050.00 5,126,821.03 0 0.00 0.00 Total 64 23,263,262.00 23,183,870.33 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 0.00 523,631.98 2 0 0.00 0.00 0 0.00 0.00 20,723.71 3 0 0.00 0.00 0 0.00 0.00 3,188.67 4 0 0.00 0.00 0 0.00 0.00 11,789.75 5 0 0.00 0.00 0 0.00 0.00 6,342.92 6 0 0.00 0.00 0 0.00 0.00 1,222.07 7 0 0.00 0.00 0 0.00 0.00 57,440.61 Total 0 0.00 0.00 0 0.00 0.00 624,339.71
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 0018157776 NV 78.63 01-Oct-2004 460,000.00 459,995.00 1 0018505636 CT 80.00 01-Dec-2004 360,000.00 356,631.21 1 0018700153 CA 80.00 01-Jan-2005 464,000.00 464,000.00 1 0018931501 CA 79.99 01-Mar-2005 434,450.00 434,413.39 1 0018944140 IL 79.43 01-Mar-2005 139,000.00 139,000.00 1 0018974980 MN 80.00 01-Feb-2005 196,519.00 195,027.54 1 0019695154 CA 80.00 01-Apr-2005 508,000.00 508,000.00 1 0019731074 MA 80.00 01-Apr-2005 388,000.00 388,000.00 1 0019777317 VA 80.00 01-Apr-2005 551,700.00 551,558.48 1 0019855345 CA 79.71 01-Apr-2005 550,000.00 547,234.84 1 0030021240 VA 75.00 01-Mar-2005 369,000.00 369,000.00 1 0030051379 IL 65.00 01-Mar-2005 175,500.00 175,500.00 1 0030054597 AZ 71.86 01-Feb-2005 70,350.00 70,350.00 1 0030088769 MN 80.00 01-Feb-2005 198,516.00 198,514.82 1 0030093777 NV 80.00 01-Feb-2005 316,000.00 316,000.00 1 0030100366 CA 80.00 01-Apr-2005 105,600.00 105,030.24 1 0030124606 CA 80.00 01-Feb-2005 364,000.00 363,999.99 1 0030132385 HI 64.68 01-Mar-2005 650,000.00 645,879.08 1 0030132666 CA 75.00 01-Mar-2005 975,000.00 975,000.00 1 0030187884 CA 64.60 01-Apr-2005 500,000.00 500,000.00 1 0030201438 TX 63.76 01-Mar-2005 190,000.00 189,954.48 1 0030218754 VA 50.00 01-Mar-2005 375,000.00 331,944.67 1 0030237127 CA 80.00 01-Apr-2005 596,000.00 593,142.87 1 0400640827 CA 75.82 01-Aug-2004 260,000.00 256,076.04 1 0400655064 CA 22.31 01-Oct-2004 145,000.00 142,198.17 1 0400662441 CA 80.00 01-Sep-2004 348,000.00 347,914.81 1 0400690194 CA 68.92 01-Sep-2004 224,000.00 224,000.00 1 0400721874 CA 72.54 01-Dec-2004 333,700.00 333,691.68 1 0400722518 CA 79.78 01-Nov-2004 307,000.00 306,989.73 2 0018460634 AZ 65.00 01-Nov-2004 165,750.00 165,750.00 2 0018961375 AZ 80.00 01-Feb-2005 148,000.00 146,795.89 2 0030029219 CO 80.00 01-Feb-2005 202,000.00 201,991.07 2 0030042402 CA 63.95 01-Feb-2005 275,000.00 275,000.00 2 0030048714 MO 80.00 01-Mar-2005 110,400.00 110,400.00 2 0030108013 AZ 69.97 01-Feb-2005 143,900.00 143,888.19 2 0030117733 MO 80.00 01-Mar-2005 180,849.00 180,849.00 2 0400668141 WA 72.41 01-Oct-2004 210,000.00 210,000.00 3 0017861550 TX 71.20 01-Jul-2004 131,000.00 131,000.00 3 0018608513 MA 70.00 01-Dec-2004 595,000.00 589,933.44 3 0019674571 NH 80.00 01-Apr-2005 486,000.00 486,000.00 3 0030021208 MA 80.00 01-Feb-2005 248,000.00 246,028.38 3 0030097265 CA 80.00 01-Apr-2005 920,000.00 920,000.00 3 0030159107 FL 80.00 01-Mar-2005 220,000.00 218,847.37 3 0030211577 CO 80.00 01-Apr-2005 203,920.00 203,769.51 3 0030216295 CA 65.00 01-Apr-2005 552,500.00 552,500.00 3 0030217939 CA 80.00 01-Mar-2005 500,000.00 500,000.00 3 0400017307 CA 80.00 01-Aug-2004 320,258.00 315,012.18 4 0018552299 CA 90.00 01-Dec-2004 207,000.00 207,000.00 4 0030067599 NY 80.00 01-Apr-2005 444,000.00 444,000.00 4 0030107791 MO 84.91 01-Feb-2005 233,500.00 233,348.30 4 0030117873 AZ 80.00 01-Mar-2005 148,000.00 147,999.76 4 0030138309 AZ 80.00 01-Mar-2005 232,800.00 232,800.00 4 0030141147 NC 76.92 01-Mar-2005 350,000.00 350,000.00 4 0030248587 FL 26.92 01-Apr-2005 350,000.00 350,000.00 7 0115180218 NV 80.00 01-Mar-2005 325,850.00 323,523.07 7 0115180697 FL 75.00 01-Mar-2005 600,000.00 604,122.42 7 0115181042 NJ 80.00 01-Mar-2005 336,000.00 334,742.78 7 0115181372 MA 18.83 01-Mar-2005 120,500.00 119,968.11 7 0115181554 FL 80.00 01-Mar-2005 367,900.00 369,265.85 7 0115181711 CA 67.01 01-Mar-2005 650,000.00 647,388.45 7 0115182057 CA 68.00 01-Mar-2005 1,360,000.00 1,361,631.37 7 0115182297 CA 80.00 01-Mar-2005 340,800.00 341,635.09 7 0115183071 CA 80.00 01-Feb-2005 380,000.00 379,118.66 7 0115183683 CA 76.07 01-Feb-2005 650,000.00 651,809.91
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 0018157776 Loan Paid in Full 0 5.625% 360 10 1 0018505636 Loan Paid in Full 0 5.875% 360 8 1 0018700153 Loan Paid in Full 0 5.375% 360 7 1 0018931501 Loan Paid in Full 0 5.750% 360 5 1 0018944140 Loan Paid in Full 0 6.125% 360 5 1 0018974980 Loan Paid in Full (1) 5.625% 360 6 1 0019695154 Loan Paid in Full 0 6.500% 360 5 1 0019731074 Loan Paid in Full 0 6.000% 360 5 1 0019777317 Loan Paid in Full 0 6.125% 360 5 1 0019855345 Loan Paid in Full 0 6.000% 360 5 1 0030021240 Loan Paid in Full (1) 5.250% 360 5 1 0030051379 Loan Paid in Full 0 5.375% 360 5 1 0030054597 Loan Paid in Full 0 6.750% 360 6 1 0030088769 Loan Paid in Full 0 5.500% 360 6 1 0030093777 Loan Paid in Full (1) 5.625% 360 6 1 0030100366 Loan Paid in Full (1) 5.625% 360 5 1 0030124606 Loan Paid in Full 0 5.250% 360 6 1 0030132385 Loan Paid in Full 0 5.750% 360 5 1 0030132666 Loan Paid in Full 0 6.625% 360 5 1 0030187884 Loan Paid in Full (1) 6.375% 360 5 1 0030201438 Loan Paid in Full 0 5.750% 360 5 1 0030218754 Loan Paid in Full 0 5.750% 360 5 1 0030237127 Loan Paid in Full (1) 6.250% 360 5 1 0400640827 Loan Paid in Full 0 5.375% 360 12 1 0400655064 Loan Paid in Full 0 5.500% 360 10 1 0400662441 Loan Paid in Full (1) 5.875% 360 11 1 0400690194 Loan Paid in Full 0 5.875% 360 11 1 0400721874 Loan Paid in Full (1) 5.750% 360 8 1 0400722518 Loan Paid in Full 0 5.750% 360 9 2 0018460634 Loan Paid in Full (1) 5.625% 360 9 2 0018961375 Loan Paid in Full 0 5.250% 360 6 2 0030029219 Loan Paid in Full 0 5.375% 360 6 2 0030042402 Loan Paid in Full 0 5.750% 360 6 2 0030048714 Loan Paid in Full 0 6.250% 360 5 2 0030108013 Loan Paid in Full 0 5.875% 360 6 2 0030117733 Loan Paid in Full 0 5.625% 360 5 2 0400668141 Loan Paid in Full 0 6.000% 360 10 3 0017861550 Loan Paid in Full 0 4.875% 360 13 3 0018608513 Loan Paid in Full 0 6.375% 360 8 3 0019674571 Loan Paid in Full 0 6.500% 360 5 3 0030021208 Loan Paid in Full 0 5.375% 360 6 3 0030097265 Loan Paid in Full 0 6.125% 360 5 3 0030159107 Loan Paid in Full 0 6.750% 360 5 3 0030211577 Loan Paid in Full (1) 6.000% 360 5 3 0030216295 Loan Paid in Full 0 5.625% 360 5 3 0030217939 Loan Paid in Full (1) 5.875% 360 5 3 0400017307 Loan Paid in Full 0 4.875% 360 12 4 0018552299 Loan Paid in Full 0 5.875% 360 8 4 0030067599 Loan Paid in Full 3 6.875% 360 5 4 0030107791 Loan Paid in Full 0 6.000% 360 6 4 0030117873 Loan Paid in Full 0 6.125% 360 5 4 0030138309 Loan Paid in Full 0 6.375% 360 5 4 0030141147 Loan Paid in Full 0 6.000% 360 5 4 0030248587 Loan Paid in Full 0 5.375% 360 5 7 0115180218 Loan Paid in Full 0 6.625% 360 5 7 0115180697 Loan Paid in Full 0 6.500% 360 5 7 0115181042 Loan Paid in Full 0 5.625% 360 5 7 0115181372 Loan Paid in Full 0 5.750% 360 5 7 0115181554 Loan Paid in Full 0 5.750% 360 5 7 0115181711 Loan Paid in Full 0 5.375% 360 5 7 0115182057 Loan Paid in Full 0 5.000% 360 5 7 0115182297 Loan Paid in Full 0 5.500% 360 5 7 0115183071 Loan Paid in Full 0 5.250% 360 6 7 0115183683 Loan Paid in Full 0 5.250% 360 6
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 2.285% Current Month 24.227% Current Month 2,088.067% 3 Month Average 1.980% 3 Month Average 21.306% 3 Month Average 2,242.339% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 15.717% N/A Apr-2005 4,316.080% N/A May-2005 20.474% N/A May-2005 3,634.103% N/A Jun-2005 18.906% N/A Jun-2005 2,476.331% N/A Jul-2005 20.786% N/A Jul-2005 2,162.619% N/A Aug-2005 24.227% N/A Aug-2005 2,088.067% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 2.326% Current Month 24.600% Current Month 2,176.638% 3 Month Average 2.133% 3 Month Average 22.781% 3 Month Average 2,490.465% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 16.410% N/A Apr-2005 4,858.270% N/A May-2005 23.541% N/A May-2005 4,387.536% N/A Jun-2005 21.120% N/A Jun-2005 2,870.042% N/A Jul-2005 22.622% N/A Jul-2005 2,424.715% N/A Aug-2005 24.600% N/A Aug-2005 2,176.638% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 1.311% Current Month 14.651% Current Month 1,291.264% 3 Month Average 1.282% 3 Month Average 14.344% 3 Month Average 1,578.945% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 13.048% N/A Apr-2005 3,832.744% N/A May-2005 10.938% N/A May-2005 2,020.726% N/A Jun-2005 14.592% N/A Jun-2005 1,974.481% N/A Jul-2005 13.789% N/A Jul-2005 1,471.091% N/A Aug-2005 14.651% N/A Aug-2005 1,291.264% 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 SMM CPR PSA Current Month 2.851% Current Month 29.325% Current Month 2,298.254% 3 Month Average 2.433% 3 Month Average 25.461% 3 Month Average 2,420.132% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 12.270% N/A Apr-2005 2,585.085% N/A May-2005 17.415% N/A May-2005 2,590.620% N/A Jun-2005 28.031% N/A Jun-2005 3,192.994% N/A Jul-2005 19.027% N/A Jul-2005 1,769.149% N/A Aug-2005 29.325% N/A Aug-2005 2,298.254% 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 2.064% Current Month 22.140% Current Month 1,952.995% 3 Month Average 1.383% 3 Month Average 15.031% 3 Month Average 1,661.604% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 5.828% N/A Apr-2005 1,742.946% N/A May-2005 18.035% N/A May-2005 3,370.994% N/A Jun-2005 19.511% N/A Jun-2005 2,662.754% N/A Jul-2005 3.442% N/A Jul-2005 369.061% N/A Aug-2005 22.140% N/A Aug-2005 1,952.995% 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 0.012% Current Month 0.147% Current Month 10.341% 3 Month Average 0.664% 3 Month Average 7.528% 3 Month Average 681.835% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 0.170% N/A Apr-2005 26.795% N/A May-2005 0.134% N/A May-2005 16.057% N/A Jun-2005 13.699% N/A Jun-2005 1,317.860% N/A Jul-2005 8.738% N/A Jul-2005 717.303% N/A Aug-2005 0.147% N/A Aug-2005 10.341% 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 0.005% Current Month 0.055% Current Month 4.275% 3 Month Average 0.640% 3 Month Average 6.923% 3 Month Average 635.783% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 28.688% N/A Apr-2005 5,734.876% N/A May-2005 22.237% N/A May-2005 3,252.142% N/A Jun-2005 0.058% N/A Jun-2005 6.611% N/A Jul-2005 20.655% N/A Jul-2005 1,896.463% N/A Aug-2005 0.055% N/A Aug-2005 4.275% 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. 7 SMM CPR PSA Current Month 3.792% Current Month 37.113% Current Month 3,521.819% 3 Month Average 2.686% 3 Month Average 26.861% 3 Month Average 2,971.837% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 26.853% N/A Apr-2005 10,630.604% N/A May-2005 27.602% N/A May-2005 6,100.636% N/A Jun-2005 8.312% N/A Jun-2005 1,273.256% N/A Jul-2005 35.159% N/A Jul-2005 4,120.437% N/A Aug-2005 37.113% N/A Aug-2005 3,521.819% 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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. 7 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 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 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 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 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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