-----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, GZU3h4W707eyu0UiGjCSP9wfuS1srBUZdg8N6pPwqDlVXpcuaYwjC3uXZqNSgsLN PAFtwha60UDM0adlQHNvlQ== 0001056404-05-002886.txt : 20050829 0001056404-05-002886.hdr.sgml : 20050829 20050829082906 ACCESSION NUMBER: 0001056404-05-002886 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: Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-4 Trust CENTRAL INDEX KEY: 0001325184 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: 333-118843-20 FILM NUMBER: 051053273 BUSINESS ADDRESS: STREET 1: 201 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043884503 MAIL ADDRESS: STREET 1: 201 NORTH TRYON STREET CITY: CHARLOTTE STATE: NC ZIP: 3884503 8-K 1 bam05004_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 BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2005-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-118843-20 Pooling and Servicing Agreement) (Commission 54-2173098 (State or other File Number) 54-2173099 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of BANC OF AMERICA MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-4 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the August 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2005-4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the August 25, 2005 distribution. EX-99.1
Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2005-4 Contact: CTSLink Customer Service Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 @ www.ctslink.com/cmbs Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1-A-1 05949A5A4 SEN 5.50000% 25,193,000.00 115,467.92 1-A-2 05949A5B2 SEN 3.81000% 57,132,644.80 181,396.15 1-A-3 05949A5C0 SEN 10.14750% 19,528,556.84 165,138.36 1-A-4 05949A5D8 SEN 10.14750% 1,246,950.36 10,544.52 1-A-5 05949A5E6 SEN 5.50000% 506,906.56 2,323.32 1-A-6 05949A5F3 SEN 5.50000% 0.00 0.00 1-A-7 05949A5G1 SEN 5.35000% 15,114,000.00 67,383.25 1-A-8 05949A5H9 SEN 5.00000% 46,758,398.17 194,826.66 1-A-9 05949A5J5 SEN 5.00000% 18,000,000.00 75,000.00 1-A-10 05949A5K2 SEN 5.25000% 33,352,000.00 145,915.00 1-A-11 05949A5L0 SEN 5.50000% 0.00 33,931.00 1-A-12 05949A5M8 SEN 5.50000% 0.00 881.65 1-A-13 05949A5N6 SEN 5.50000% 21,626,000.00 99,119.17 1-A-R 05949A5P1 SEN 5.50000% 0.00 0.00 2-A-1 05949A5Q9 SEN 5.50000% 22,350,339.85 102,439.06 A-PO 05949A5S5 SEN 0.00000% 3,297,292.86 0.00 A-IO 05949A5R7 SEN 5.50000% 0.00 9,412.22 B-1 05949A5T3 SUB 5.50000% 3,575,208.21 16,386.37 B-2 05949A5U0 SUB 5.50000% 1,236,575.64 5,667.64 B-3 05949A5V8 SUB 5.50000% 687,540.04 3,151.23 B-4 05949A5W6 SUB 5.50000% 550,032.03 2,520.98 B-5 05949A5X4 SUB 5.50000% 412,524.02 1,890.74 B-6 05949A5Y2 SUB 5.50000% 275,385.52 1,262.18 Totals 270,843,354.90 1,234,657.42
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 0.00 0.00 25,193,000.00 115,467.92 0.00 1-A-2 1,304,597.30 0.00 55,828,047.49 1,485,993.45 0.00 1-A-3 445,925.49 0.00 19,082,631.35 611,063.85 0.00 1-A-4 28,473.53 0.00 1,218,476.83 39,018.05 0.00 1-A-5 (2,323.32) 0.00 509,229.88 0.00 0.00 1-A-6 0.00 0.00 0.00 0.00 0.00 1-A-7 0.00 0.00 15,114,000.00 67,383.25 0.00 1-A-8 519,502.73 0.00 46,238,895.44 714,329.39 0.00 1-A-9 0.00 0.00 18,000,000.00 75,000.00 0.00 1-A-10 0.00 0.00 33,352,000.00 145,915.00 0.00 1-A-11 0.00 0.00 0.00 33,931.00 0.00 1-A-12 0.00 0.00 0.00 881.65 0.00 1-A-13 0.00 0.00 21,626,000.00 99,119.17 0.00 1-A-R 0.00 0.00 0.00 0.00 0.00 2-A-1 53,164.42 0.00 22,297,175.43 155,603.48 0.00 A-PO 13,676.96 0.00 3,283,615.90 13,676.96 0.00 A-IO 0.00 0.00 0.00 9,412.22 0.00 B-1 4,368.73 0.00 3,570,839.48 20,755.10 0.00 B-2 1,511.04 0.00 1,235,064.60 7,178.68 0.00 B-3 840.14 0.00 686,699.90 3,991.37 0.00 B-4 672.11 0.00 549,359.92 3,193.09 0.00 B-5 504.08 0.00 412,019.94 2,394.82 0.00 B-6 336.37 0.00 275,049.15 1,598.55 0.00 Totals 2,371,249.58 0.00 268,472,105.31 3,605,907.00 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-A-1 25,193,000.00 25,193,000.00 0.00 0.00 0.00 0.00 1-A-2 58,775,200.00 57,132,644.80 151,284.18 1,153,313.12 0.00 0.00 1-A-3 20,090,000.00 19,528,556.84 51,710.57 394,214.92 0.00 0.00 1-A-4 1,282,800.00 1,246,950.36 3,301.86 25,171.67 0.00 0.00 1-A-5 500,000.00 506,906.56 0.00 0.00 (2,323.32) 0.00 1-A-6 814,000.00 0.00 0.00 0.00 0.00 0.00 1-A-7 15,114,000.00 15,114,000.00 0.00 0.00 0.00 0.00 1-A-8 48,000,000.00 46,758,398.17 60,242.76 459,259.97 0.00 0.00 1-A-9 18,000,000.00 18,000,000.00 0.00 0.00 0.00 0.00 1-A-10 33,352,000.00 33,352,000.00 0.00 0.00 0.00 0.00 1-A-11 0.00 0.00 0.00 0.00 0.00 0.00 1-A-12 0.00 0.00 0.00 0.00 0.00 0.00 1-A-13 21,626,000.00 21,626,000.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 0.00 2-A-1 23,086,000.00 22,350,339.85 52,067.97 1,096.45 0.00 0.00 A-PO 3,346,418.00 3,297,292.86 4,351.14 9,325.82 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-1 3,588,000.00 3,575,208.21 4,368.73 0.00 0.00 0.00 B-2 1,241,000.00 1,236,575.64 1,511.04 0.00 0.00 0.00 B-3 690,000.00 687,540.04 840.14 0.00 0.00 0.00 B-4 552,000.00 550,032.03 672.11 0.00 0.00 0.00 B-5 414,000.00 412,524.02 504.08 0.00 0.00 0.00 B-6 276,370.83 275,385.52 336.37 0.00 0.00 0.00 Totals 275,940,888.83 270,843,354.90 331,190.95 2,042,381.95 (2,323.32) 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-A-1 0.00 25,193,000.00 1.00000000 0.00 1-A-2 1,304,597.30 55,828,047.49 0.94985721 1,304,597.30 1-A-3 445,925.49 19,082,631.35 0.94985721 445,925.49 1-A-4 28,473.53 1,218,476.83 0.94985721 28,473.53 1-A-5 (2,323.32) 509,229.88 1.01845976 (2,323.32) 1-A-6 0.00 0.00 0.00000000 0.00 1-A-7 0.00 15,114,000.00 1.00000000 0.00 1-A-8 519,502.73 46,238,895.44 0.96331032 519,502.73 1-A-9 0.00 18,000,000.00 1.00000000 0.00 1-A-10 0.00 33,352,000.00 1.00000000 0.00 1-A-11 0.00 0.00 0.00000000 0.00 1-A-12 0.00 0.00 0.00000000 0.00 1-A-13 0.00 21,626,000.00 1.00000000 0.00 1-A-R 0.00 0.00 0.00000000 0.00 2-A-1 53,164.42 22,297,175.43 0.96583104 53,164.42 A-PO 13,676.96 3,283,615.90 0.98123304 13,676.96 A-IO 0.00 0.00 0.00000000 0.00 B-1 4,368.73 3,570,839.48 0.99521725 4,368.73 B-2 1,511.04 1,235,064.60 0.99521724 1,511.04 B-3 840.14 686,699.90 0.99521725 840.14 B-4 672.11 549,359.92 0.99521725 672.11 B-5 504.08 412,019.94 0.99521725 504.08 B-6 336.37 275,049.15 0.99521773 336.37 Totals 2,371,249.58 268,472,105.31 0.97293339 2,371,249.58
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 25,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-2 58,775,200.00 972.05360084 2.57394581 19.62244484 0.00000000 1-A-3 20,090,000.00 972.05360080 2.57394574 19.62244500 0.00000000 1-A-4 1,282,800.00 972.05360150 2.57394761 19.62244309 0.00000000 1-A-5 500,000.00 1013.81312000 0.00000000 0.00000000 (4.64664000) 1-A-6 814,000.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 15,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-8 48,000,000.00 974.13329521 1.25505750 9.56791604 0.00000000 1-A-9 18,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-10 33,352,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-11 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-12 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-13 21,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 23,086,000.00 968.13392749 2.25539158 0.04749415 0.00000000 A-PO 3,346,418.00 985.32008255 1.30023805 2.78680667 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,588,000.00 996.43484114 1.21759476 0.00000000 0.00000000 B-2 1,241,000.00 996.43484287 1.21759871 0.00000000 0.00000000 B-3 690,000.00 996.43484058 1.21759420 0.00000000 0.00000000 B-4 552,000.00 996.43483696 1.21759058 0.00000000 0.00000000 B-5 414,000.00 996.43483092 1.21758454 0.00000000 0.00000000 B-6 276,370.83 996.43482635 1.21709661 0.00000000 0.00000000 (2) All classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-2 0.00000000 22.19639065 949.85721001 0.94985721 22.19639065 1-A-3 0.00000000 22.19639074 949.85721005 0.94985721 22.19639074 1-A-4 0.00000000 22.19639071 949.85721079 0.94985721 22.19639071 1-A-5 0.00000000 (4.64664000) 1,018.45976000 1.01845976 (4.64664000) 1-A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-8 0.00000000 10.82297354 963.31032167 0.96331032 10.82297354 1-A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 2.30288573 965.83104176 0.96583104 2.30288573 A-PO 0.00000000 4.08704471 981.23303783 0.98123304 4.08704471 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.21759476 995.21724638 0.99521725 1.21759476 B-2 0.00000000 1.21759871 995.21724416 0.99521724 1.21759871 B-3 0.00000000 1.21759420 995.21724638 0.99521725 1.21759420 B-4 0.00000000 1.21759058 995.21724638 0.99521725 1.21759058 B-5 0.00000000 1.21758454 995.21724638 0.99521725 1.21758454 B-6 0.00000000 1.21709661 995.21772974 0.99521773 1.21709661 (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-A-1 25,193,000.00 5.50000% 25,193,000.00 115,467.92 0.00 0.00 1-A-2 58,775,200.00 3.81000% 57,132,644.80 181,396.15 0.00 0.00 1-A-3 20,090,000.00 10.14750% 19,528,556.84 165,138.36 0.00 0.00 1-A-4 1,282,800.00 10.14750% 1,246,950.36 10,544.52 0.00 0.00 1-A-5 500,000.00 5.50000% 506,906.56 2,323.32 0.00 0.00 1-A-6 814,000.00 5.50000% 0.00 0.00 0.00 0.00 1-A-7 15,114,000.00 5.35000% 15,114,000.00 67,383.25 0.00 0.00 1-A-8 48,000,000.00 5.00000% 46,758,398.17 194,826.66 0.00 0.00 1-A-9 18,000,000.00 5.00000% 18,000,000.00 75,000.00 0.00 0.00 1-A-10 33,352,000.00 5.25000% 33,352,000.00 145,915.00 0.00 0.00 1-A-11 0.00 5.50000% 7,403,127.11 33,931.00 0.00 0.00 1-A-12 0.00 5.50000% 192,360.00 881.65 0.00 0.00 1-A-13 21,626,000.00 5.50000% 21,626,000.00 99,119.17 0.00 0.00 1-A-R 100.00 5.50000% 0.00 0.00 0.00 0.00 2-A-1 23,086,000.00 5.50000% 22,350,339.85 102,439.06 0.00 0.00 A-PO 3,346,418.00 0.00000% 3,297,292.86 0.00 0.00 0.00 A-IO 0.00 5.50000% 2,053,575.55 9,412.22 0.00 0.00 B-1 3,588,000.00 5.50000% 3,575,208.21 16,386.37 0.00 0.00 B-2 1,241,000.00 5.50000% 1,236,575.64 5,667.64 0.00 0.00 B-3 690,000.00 5.50000% 687,540.04 3,151.23 0.00 0.00 B-4 552,000.00 5.50000% 550,032.03 2,520.98 0.00 0.00 B-5 414,000.00 5.50000% 412,524.02 1,890.74 0.00 0.00 B-6 276,370.83 5.50000% 275,385.52 1,262.18 0.00 0.00 Totals 275,940,888.83 1,234,657.42 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 115,467.92 0.00 25,193,000.00 1-A-2 0.00 0.00 181,396.15 0.00 55,828,047.49 1-A-3 0.00 0.00 165,138.36 0.00 19,082,631.35 1-A-4 0.00 0.00 10,544.52 0.00 1,218,476.83 1-A-5 0.00 0.00 2,323.32 0.00 509,229.88 1-A-6 0.00 0.00 0.00 0.00 0.00 1-A-7 0.00 0.00 67,383.25 0.00 15,114,000.00 1-A-8 0.00 0.00 194,826.66 0.00 46,238,895.44 1-A-9 0.00 0.00 75,000.00 0.00 18,000,000.00 1-A-10 0.00 0.00 145,915.00 0.00 33,352,000.00 1-A-11 0.00 0.00 33,931.00 0.00 7,355,899.59 1-A-12 0.00 0.00 881.65 0.00 192,360.00 1-A-13 0.00 0.00 99,119.17 0.00 21,626,000.00 1-A-R 0.00 0.00 0.00 0.00 0.00 2-A-1 0.00 0.00 102,439.06 0.00 22,297,175.43 A-PO 0.00 0.00 0.00 0.00 3,283,615.90 A-IO 0.00 0.00 9,412.22 0.00 2,005,401.77 B-1 0.00 0.00 16,386.37 0.00 3,570,839.48 B-2 0.00 0.00 5,667.64 0.00 1,235,064.60 B-3 0.00 0.00 3,151.23 0.00 686,699.90 B-4 0.00 0.00 2,520.98 0.00 549,359.92 B-5 0.00 0.00 1,890.74 0.00 412,019.94 B-6 0.00 0.00 1,262.18 0.00 275,049.15 Totals 0.00 0.00 1,234,657.42 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-A-1 25,193,000.00 5.50000% 1000.00000000 4.58333347 0.00000000 0.00000000 1-A-2 58,775,200.00 3.81000% 972.05360084 3.08627023 0.00000000 0.00000000 1-A-3 20,090,000.00 10.14750% 972.05360080 8.21992832 0.00000000 0.00000000 1-A-4 1,282,800.00 10.14750% 972.05360150 8.21992516 0.00000000 0.00000000 1-A-5 500,000.00 5.50000% 1013.81312000 4.64664000 0.00000000 0.00000000 1-A-6 814,000.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 15,114,000.00 5.35000% 1000.00000000 4.45833333 0.00000000 0.00000000 1-A-8 48,000,000.00 5.00000% 974.13329521 4.05888875 0.00000000 0.00000000 1-A-9 18,000,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 1-A-10 33,352,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 1-A-11 0.00 5.50000% 984.98231905 4.51450239 0.00000000 0.00000000 1-A-12 0.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-A-13 21,626,000.00 5.50000% 1000.00000000 4.58333349 0.00000000 0.00000000 1-A-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 23,086,000.00 5.50000% 968.13392749 4.43728060 0.00000000 0.00000000 A-PO 3,346,418.00 0.00000% 985.32008255 0.00000000 0.00000000 0.00000000 A-IO 0.00 5.50000% 982.88053571 4.50486851 0.00000000 0.00000000 B-1 3,588,000.00 5.50000% 996.43484114 4.56699275 0.00000000 0.00000000 B-2 1,241,000.00 5.50000% 996.43484287 4.56699436 0.00000000 0.00000000 B-3 690,000.00 5.50000% 996.43484058 4.56700000 0.00000000 0.00000000 B-4 552,000.00 5.50000% 996.43483696 4.56699275 0.00000000 0.00000000 B-5 414,000.00 5.50000% 996.43483092 4.56700483 0.00000000 0.00000000 B-6 276,370.83 5.50000% 996.43482635 4.56697981 0.00000000 0.00000000 (5) All classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 4.58333347 0.00000000 1000.00000000 1-A-2 0.00000000 0.00000000 3.08627023 0.00000000 949.85721001 1-A-3 0.00000000 0.00000000 8.21992832 0.00000000 949.85721005 1-A-4 0.00000000 0.00000000 8.21992516 0.00000000 949.85721079 1-A-5 0.00000000 0.00000000 4.64664000 0.00000000 1018.45976000 1-A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 0.00000000 0.00000000 4.45833333 0.00000000 1000.00000000 1-A-8 0.00000000 0.00000000 4.05888875 0.00000000 963.31032167 1-A-9 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 1-A-10 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 1-A-11 0.00000000 0.00000000 4.51450239 0.00000000 978.69872139 1-A-12 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1-A-13 0.00000000 0.00000000 4.58333349 0.00000000 1000.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 4.43728060 0.00000000 965.83104176 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 981.23303783 A-IO 0.00000000 0.00000000 4.50486851 0.00000000 959.82364321 B-1 0.00000000 0.00000000 4.56699275 0.00000000 995.21724638 B-2 0.00000000 0.00000000 4.56699436 0.00000000 995.21724416 B-3 0.00000000 0.00000000 4.56700000 0.00000000 995.21724638 B-4 0.00000000 0.00000000 4.56699275 0.00000000 995.21724638 B-5 0.00000000 0.00000000 4.56700483 0.00000000 995.21724638 B-6 0.00000000 0.00000000 4.56697981 0.00000000 995.21772974 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-A-PO 0.00000% 0.00 0.00 2,961,459.09 2,948,595.20 98.04228334% 2-A-PO 0.00000% 0.00 0.00 335,833.77 335,020.70 98.84220154% 1-A-IO 5.50000% 1,830,065.85 1,782,410.51 0.00 0.00 95.60775038% 2-A-IO 5.50000% 223,509.69 222,991.25 0.00 0.00 99.08564357%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,664,829.94 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,664,829.94 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 58,922.94 Payment of Interest and Principal 3,605,907.00 Total Withdrawals (Pool Distribution Amount) 3,664,829.94 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 56,425.70 Assured Guaranty Fee 1,007.60 Trustee Fee - Wells Fargo Bank, N.A. 1,489.64 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 58,922.94
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Class 1-A7 Reserve Account 10,000.00 0.00 0.00 10,000.00 Class 1-A7 Rounding Fund 999.99 0.00 0.00 999.99
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 1,786,250.30 0.00 0.00 0.00 1,786,250.30 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 3 0 0 0 3 1,786,250.30 0.00 0.00 0.00 1,786,250.30 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.588235% 0.000000% 0.000000% 0.000000% 0.588235% 0.664700% 0.000000% 0.000000% 0.000000% 0.664700% 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 0.588235% 0.000000% 0.000000% 0.000000% 0.588235% 0.664700% 0.000000% 0.000000% 0.000000% 0.664700%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 - 30 Year Fixed 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 1,346,180.11 0.00 0.00 0.00 1,346,180.11 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 1,346,180.11 0.00 0.00 0.00 1,346,180.11 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.431034% 0.000000% 0.000000% 0.000000% 0.431034% 0.548413% 0.000000% 0.000000% 0.000000% 0.548413% 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 0.431034% 0.000000% 0.000000% 0.000000% 0.431034% 0.548413% 0.000000% 0.000000% 0.000000% 0.548413% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 - 15 Year Fixed 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 1 0 0 0 1 440,070.19 0.00 0.00 0.00 440,070.19 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 1 0 0 0 1 440,070.19 0.00 0.00 0.00 440,070.19 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.173913% 0.000000% 0.000000% 0.000000% 2.173913% 1.891785% 0.000000% 0.000000% 0.000000% 1.891785% 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 2.173913% 0.000000% 0.000000% 0.000000% 2.173913% 1.891785% 0.000000% 0.000000% 0.000000% 1.891785%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 10,584.62
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 - 30 Year Fixed 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 - 15 Year Fixed 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 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. 1 - 30 Year Fixed 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. 2 - 15 Year Fixed 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 No Foreclosure loans this period.
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 No Foreclosure loans this period.
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 5.731344% Weighted Average Pass-Through Rate 5.474744% Weighted Average Maturity(Stepdown Calculation) 294 Beginning Scheduled Collateral Loan Count 513 Number Of Loans Paid In Full 3 Ending Scheduled Collateral Loan Count 510 Beginning Scheduled Collateral Balance 270,843,356.29 Ending Scheduled Collateral Balance 268,472,106.56 Ending Actual Collateral Balance at 29-Jul-2005 268,730,393.70 Monthly P&I Constant 1,624,501.95 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 3,539,441.47 Class AP Deferred Amount 0.00 Scheduled Principal 330,921.68 Unscheduled Principal 2,040,328.05
Miscellaneous Reporting Senior % 97.481830% Subordinate % 2.518170%
Group Level Collateral Statement Group 1 - 30 Year Fixed 2 - 15 Year Fixed Total Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed Weighted Average Coupon Rate 5.731465 5.730054 5.731344 Weighted Average Net Rate 5.481465 5.480054 5.481344 Weighted Average Maturity 354 233 294 Beginning Loan Count 467 46 513 Loans Paid In Full 3 0 3 Ending Loan Count 464 46 510 Beginning Scheduled Balance 247,572,200.52 23,271,155.77 270,843,356.29 Ending Scheduled Balance 245,256,291.07 23,215,815.49 268,472,106.56 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 1,459,146.71 165,355.24 1,624,501.95 Scheduled Principal 276,687.26 54,234.42 330,921.68 Unscheduled Principal 2,039,222.19 1,105.86 2,040,328.05 Scheduled Interest 1,182,459.45 111,120.82 1,293,580.27 Servicing Fees 51,577.54 4,848.16 56,425.70 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,361.65 127.99 1,489.64 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,129,520.26 106,144.67 1,235,664.93 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 5.474865 5.473454 5.474744
Miscellaneous Reporting Group 1 - 30 Year Fixed CPR 9.458636% Subordinate % 2.515132% Subordinate Prepayment % 0.000000% Senior Prepayment % 100.000000% Senior % 97.484868% Group 2 - 15 Year Fixed CPR 0.057143% Subordinate % 2.550570% Subordinate Prepayment % 0.000000% Senior Prepayment % 100.000000% Senior % 97.449430%
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 - 30 Year Fixed 3 2,004,850.00 1,844,069.95 0 0.00 0.00 2 - 15 Year Fixed 0 0.00 0.00 0 0.00 0.00 Total 3 2,004,850.00 1,844,069.95 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 - 30 Year Fixed 0 0.00 0.00 0 0.00 0.00 197,963.18 2 - 15 Year Fixed 0 0.00 0.00 0 0.00 0.00 1,105.86 Total 0 0.00 0.00 0 0.00 0.00 199,069.04
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 - 30 Year Fixed 6099165794 DC 70.14 01-Mar-2005 399,850.00 397,598.20 1 - 30 Year Fixed 6104275364 CA 54.44 01-Apr-2005 1,225,000.00 1,218,543.53 1 - 30 Year Fixed 6171049122 KY 51.35 01-Apr-2005 380,000.00 225,117.28
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 - 30 Year Fixed 6099165794 Loan Paid in Full 0 6.375% 360 5 1 - 30 Year Fixed 6104275364 Loan Paid in Full 0 5.750% 360 4 1 - 30 Year Fixed 6171049122 Loan Paid in Full 0 5.625% 360 4
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 0.754% Current Month 8.685% Current Month 1,111.611% 3 Month Average 0.652% 3 Month Average 7.508% 3 Month Average 1,264.879% 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 N/A N/A Apr-2005 N/A N/A May-2005 3.533% N/A May-2005 1,946.151% N/A Jun-2005 3.368% N/A Jun-2005 883.087% N/A Jul-2005 10.472% N/A Jul-2005 1,799.937% N/A Aug-2005 8.685% N/A Aug-2005 1,111.611% 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 - 30 Year Fixed SMM CPR PSA Current Month 0.825% Current Month 9.459% Current Month 1,270.947% 3 Month Average 0.637% 3 Month Average 7.349% 3 Month Average 1,323.986% 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 N/A N/A Apr-2005 N/A N/A May-2005 3.860% N/A May-2005 2,661.391% N/A Jun-2005 3.678% N/A Jun-2005 1,066.413% N/A Jul-2005 8.909% N/A Jul-2005 1,634.598% N/A Aug-2005 9.459% N/A Aug-2005 1,270.947% 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 - 15 Year Fixed SMM CPR PSA Current Month 0.005% Current Month 0.057% Current Month 4.873% 3 Month Average 0.808% 3 Month Average 8.514% 3 Month Average 875.567% 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 N/A N/A Apr-2005 N/A N/A May-2005 0.038% N/A May-2005 6.762% N/A Jun-2005 0.073% N/A Jun-2005 9.558% N/A Jul-2005 25.411% N/A Jul-2005 2,612.269% N/A Aug-2005 0.057% N/A Aug-2005 4.873% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))
Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage 1 - 30 Year Fixed 0 0.00 0.00 0.000% 2 - 15 Year Fixed 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 N/A N/A Apr-2005 N/A 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 N/A N/A Apr-2005 N/A 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 - 30 Year Fixed 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 N/A N/A Apr-2005 N/A 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 N/A N/A Apr-2005 N/A 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 - 15 Year Fixed 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 N/A N/A Apr-2005 N/A 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 N/A N/A Apr-2005 N/A 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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