-----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, H1j1GSy6d/kNJxqOvUl4KncfyQnq1aG3BPtWNw+RgPAN23FPNNxXhbjppODCZJDK XKYhsydT4/fKCioYQRJkYg== 0001056404-05-002848.txt : 20050822 0001056404-05-002848.hdr.sgml : 20050822 20050822152737 ACCESSION NUMBER: 0001056404-05-002848 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050822 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050822 DATE AS OF CHANGE: 20050822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Banc of America Funding Corp. 2005-C Trust CENTRAL INDEX KEY: 0001325412 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: 333-121559-03 FILM NUMBER: 051040902 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA N A STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842000 MAIL ADDRESS: STREET 1: NATIONSBANK CORPORATE CENTER STREET 2: NC1-007-11-07 CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K 1 baf0500c_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 22, 2005 BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2005-C Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121559-03 Pooling and Servicing Agreement) (Commission 54-2173096 (State or other File Number) 54-2173097 jurisdiction 54-6658783 of Incorporation) 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 22, 2005 a distribution was made to holders of BANC OF AMERICA FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2005-C 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-C Trust, relating to the August 22, 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 FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2005-C Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/22/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-C Trust, relating to the August 22, 2005 distribution. EX-99.1
Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/22/2005 Banc of America Funding Corporation Mortgage Pass-Through Certificates Series BAF 2005-C 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 A-1 05946XUB7 SEN 3.67000% 280,755,530.46 944,508.40 A-2 05946XUC5 SEN 3.68000% 104,742,687.05 353,332.00 A-3 05946XUD3 SEN 3.73000% 42,833,977.01 146,456.51 M-1 05946XUE1 SUB 3.88000% 14,365,000.00 51,091.52 M-2 05946XUF8 SUB 4.08000% 10,898,000.00 40,758.52 B-1 05946XUG6 SUB 4.63000% 7,926,000.00 33,639.26 B-2 05946XUH4 SUB 5.33000% 2,477,000.00 12,102.21 B-3 05946XUJ0 SUB 5.33000% 3,220,000.00 15,732.38 CE 05946XUL5 SUB 0.00000% 3,962,888.95 812,401.55 P 05946XUM3 SEN 0.00000% 0.00 38,048.03 R 05946XUK7 SEN 0.00000% 0.00 0.00 Totals 471,181,083.47 2,448,070.38
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 6,810,197.60 0.00 273,945,332.86 7,754,706.00 0.00 A-2 6,397,892.29 0.00 98,344,794.76 6,751,224.29 0.00 A-3 1,467,593.62 0.00 41,366,383.39 1,614,050.13 0.00 M-1 0.00 0.00 14,365,000.00 51,091.52 0.00 M-2 0.00 0.00 10,898,000.00 40,758.52 0.00 B-1 0.00 0.00 7,926,000.00 33,639.26 0.00 B-2 0.00 0.00 2,477,000.00 12,102.21 0.00 B-3 0.00 0.00 3,220,000.00 15,732.38 0.00 CE 0.00 0.00 3,962,888.95 812,401.55 0.00 P 0.00 0.00 0.00 38,048.03 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 14,675,683.51 0.00 456,505,399.96 17,123,753.89 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) A-1 295,302,000.00 280,755,530.46 0.00 6,810,197.60 0.00 0.00 A-2 111,958,000.00 104,742,687.05 0.00 6,397,892.29 0.00 0.00 A-3 45,252,000.00 42,833,977.01 0.00 1,467,593.62 0.00 0.00 M-1 14,365,000.00 14,365,000.00 0.00 0.00 0.00 0.00 M-2 10,898,000.00 10,898,000.00 0.00 0.00 0.00 0.00 B-1 7,926,000.00 7,926,000.00 0.00 0.00 0.00 0.00 B-2 2,477,000.00 2,477,000.00 0.00 0.00 0.00 0.00 B-3 3,220,000.00 3,220,000.00 0.00 0.00 0.00 0.00 CE 3,963,118.59 3,962,888.95 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 495,361,118.59 471,181,083.47 0.00 14,675,683.51 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 A-1 6,810,197.60 273,945,332.86 0.92767856 6,810,197.60 A-2 6,397,892.29 98,344,794.76 0.87840793 6,397,892.29 A-3 1,467,593.62 41,366,383.39 0.91413381 1,467,593.62 M-1 0.00 14,365,000.00 1.00000000 0.00 M-2 0.00 10,898,000.00 1.00000000 0.00 B-1 0.00 7,926,000.00 1.00000000 0.00 B-2 0.00 2,477,000.00 1.00000000 0.00 B-3 0.00 3,220,000.00 1.00000000 0.00 CE 0.00 3,962,888.95 0.99994206 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 14,675,683.51 456,505,399.96 0.92156082 14,675,683.51
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 295,302,000.00 950.74036227 0.00000000 23.06180656 0.00000000 A-2 111,958,000.00 935.55339547 0.00000000 57.14546785 0.00000000 A-3 45,252,000.00 946.56538960 0.00000000 32.43157474 0.00000000 M-1 14,365,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,898,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 7,926,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 2,477,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,220,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 3,963,118.59 999.94205573 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 23.06180656 927.67855572 0.92767856 23.06180656 A-2 0.00000000 57.14546785 878.40792762 0.87840793 57.14546785 A-3 0.00000000 32.43157474 914.13381486 0.91413381 32.43157474 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.94205573 0.99994206 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 295,302,000.00 3.67000% 280,755,530.46 944,508.40 0.00 0.00 A-2 111,958,000.00 3.68000% 104,742,687.05 353,332.00 0.00 0.00 A-3 45,252,000.00 3.73000% 42,833,977.01 146,456.51 0.00 0.00 M-1 14,365,000.00 3.88000% 14,365,000.00 51,091.52 0.00 0.00 M-2 10,898,000.00 4.08000% 10,898,000.00 40,758.52 0.00 0.00 B-1 7,926,000.00 4.63000% 7,926,000.00 33,639.26 0.00 0.00 B-2 2,477,000.00 5.33000% 2,477,000.00 12,102.21 0.00 0.00 B-3 3,220,000.00 5.33000% 3,220,000.00 15,732.38 0.00 0.00 CE 3,963,118.59 0.00000% 3,962,888.95 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 495,361,118.59 1,597,620.80 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 A-1 0.00 0.00 944,508.40 0.00 273,945,332.86 A-2 0.00 0.00 353,332.00 0.00 98,344,794.76 A-3 0.00 0.00 146,456.51 0.00 41,366,383.39 M-1 0.00 0.00 51,091.52 0.00 14,365,000.00 M-2 0.00 0.00 40,758.52 0.00 10,898,000.00 B-1 0.00 0.00 33,639.26 0.00 7,926,000.00 B-2 0.00 0.00 12,102.21 0.00 2,477,000.00 B-3 0.00 0.00 15,732.38 0.00 3,220,000.00 CE 0.00 0.00 812,401.55 0.00 3,962,888.95 P 0.00 0.00 38,048.03 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,448,070.38 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 A-1 295,302,000.00 3.67000% 950.74036227 3.19844905 0.00000000 0.00000000 A-2 111,958,000.00 3.68000% 935.55339547 3.15593348 0.00000000 0.00000000 A-3 45,252,000.00 3.73000% 946.56538960 3.23646491 0.00000000 0.00000000 M-1 14,365,000.00 3.88000% 1000.00000000 3.55666690 0.00000000 0.00000000 M-2 10,898,000.00 4.08000% 1000.00000000 3.74000000 0.00000000 0.00000000 B-1 7,926,000.00 4.63000% 1000.00000000 4.24416604 0.00000000 0.00000000 B-2 2,477,000.00 5.33000% 1000.00000000 4.88583367 0.00000000 0.00000000 B-3 3,220,000.00 5.33000% 1000.00000000 4.88583230 0.00000000 0.00000000 CE 3,963,118.59 0.00000% 999.94205573 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 3.19844905 0.00000000 927.67855572 A-2 0.00000000 0.00000000 3.15593348 0.00000000 878.40792762 A-3 0.00000000 0.00000000 3.23646491 0.00000000 914.13381486 M-1 0.00000000 0.00000000 3.55666690 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.74000000 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 4.24416604 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.88583367 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.88583230 0.00000000 1000.00000000 CE 0.00000000 0.00000000 204.99047191 0.00000000 999.94205573 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage A-3-A 3.73000% 0.00 0.00 31,195,692.77 30,438,988.77 92.76785557% A-3-B 3.73000% 0.00 0.00 11,638,284.24 10,927,394.62 87.84079277%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 17,185,635.52 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 38,048.03 Total Deposits 17,223,683.55 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 99,929.66 Payment of Interest and Principal 17,123,753.89 Total Withdrawals (Pool Distribution Amount) 17,223,683.55 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 98,162.73 Trustee Fee 1,766.93 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 99,929.66
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 42 0 0 0 42 11,508,476.19 0.00 0.00 0.00 11,508,476.19 60 Days 7 0 0 0 7 1,720,040.69 0.00 0.00 0.00 1,720,040.69 90 Days 5 0 0 0 5 283,221.09 0.00 0.00 0.00 283,221.09 120 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 54 0 0 0 54 13,511,737.97 0.00 0.00 0.00 13,511,737.97 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 2.057815% 0.000000% 0.000000% 0.000000% 2.057815% 2.520752% 0.000000% 0.000000% 0.000000% 2.520752% 60 Days 0.342969% 0.000000% 0.000000% 0.000000% 0.342969% 0.376748% 0.000000% 0.000000% 0.000000% 0.376748% 90 Days 0.244978% 0.000000% 0.000000% 0.000000% 0.244978% 0.062035% 0.000000% 0.000000% 0.000000% 0.062035% 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 2.645762% 0.000000% 0.000000% 0.000000% 2.645762% 2.959535% 0.000000% 0.000000% 0.000000% 2.959535%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup A No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 36 0 0 0 36 7,484,776.20 0.00 0.00 0.00 7,484,776.20 60 Days 6 0 0 0 6 780,140.70 0.00 0.00 0.00 780,140.70 90 Days 5 0 0 0 5 283,221.09 0.00 0.00 0.00 283,221.09 120 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 47 0 0 0 47 8,548,137.99 0.00 0.00 0.00 8,548,137.99 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.980198% 0.000000% 0.000000% 0.000000% 1.980198% 2.230983% 0.000000% 0.000000% 0.000000% 2.230983% 60 Days 0.330033% 0.000000% 0.000000% 0.000000% 0.330033% 0.232536% 0.000000% 0.000000% 0.000000% 0.232536% 90 Days 0.275028% 0.000000% 0.000000% 0.000000% 0.275028% 0.084420% 0.000000% 0.000000% 0.000000% 0.084420% 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 2.585259% 0.000000% 0.000000% 0.000000% 2.585259% 2.547938% 0.000000% 0.000000% 0.000000% 2.547938% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Subgroup B No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 4,023,699.99 0.00 0.00 0.00 4,023,699.99 60 Days 1 0 0 0 1 939,899.99 0.00 0.00 0.00 939,899.99 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 4,963,599.98 0.00 0.00 0.00 4,963,599.98 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.690583% 0.000000% 0.000000% 0.000000% 2.690583% 3.323806% 0.000000% 0.000000% 0.000000% 3.323806% 60 Days 0.448430% 0.000000% 0.000000% 0.000000% 0.448430% 0.776411% 0.000000% 0.000000% 0.000000% 0.776411% 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 3.139013% 0.000000% 0.000000% 0.000000% 3.139013% 4.100217% 0.000000% 0.000000% 0.000000% 4.100217%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
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. Subgroup A 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Subgroup B 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
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. Subgroup A 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Subgroup B 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 ARM Weighted Average Gross Coupon 6.392324% Weighted Average Net Coupon 6.142323% Weighted Average Pass-Through Rate 6.137822% Weighted Average Maturity(Stepdown Calculation) 355 Beginning Scheduled Collateral Loan Count 2,093 Number Of Loans Paid In Full 52 Ending Scheduled Collateral Loan Count 2,041 Beginning Scheduled Collateral Balance 471,181,083.47 Ending Scheduled Collateral Balance 456,505,399.96 Ending Actual Collateral Balance at 29-Jul-2005 456,549,335.88 Monthly P&I Constant 2,566,956.40 Special Servicing Fee 0.00 Prepayment Penalties 38,048.03 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 57,004.76 Unscheduled Principal 14,618,678.75 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,962,888.95 Overcollateralized Amount 3,962,888.95 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
Miscellaneous Reporting Cap Carryover Amount 0.00 Monthly Excess Cashflow 812,401.55 Excess Interest Amount 812,401.55 Trigger Event Occurring NO
Group Level Collateral Statement Group Subgroup A Subgroup B Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.359116 6.481203 6.392324 Weighted Average Net Rate 6.109116 6.231203 6.142323 Weighted Average Maturity 355 355 355 Beginning Loan Count 1,856 237 2,093 Loans Paid In Full 38 14 52 Ending Loan Count 1,818 223 2,041 Beginning Scheduled Balance 343,021,087.34 128,159,996.13 471,181,083.47 Ending Scheduled Balance 335,454,185.74 121,051,214.22 456,505,399.96 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 1,863,059.21 703,897.19 2,566,956.40 Scheduled Principal 45,300.04 11,704.72 57,004.76 Unscheduled Principal 7,521,601.56 7,097,077.19 14,618,678.75 Scheduled Interest 1,817,759.17 692,192.47 2,509,951.64 Servicing Fees 71,462.73 26,700.00 98,162.73 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,286.33 480.60 1,766.93 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 1,745,010.11 665,011.87 2,410,021.98 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.104614 6.226701 6.137822
Miscellaneous Reporting Group Subgroup A CPR% 23.363256% Group Subgroup B CPR% 49.525043%
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 Subgroup A 38 7,816,600.00 7,493,944.38 0 0.00 0.00 Subgroup B 14 7,086,500.00 7,084,775.52 0 0.00 0.00 Total 52 14,903,100.00 14,578,719.90 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 Subgroup A 0 0.00 0.00 0 0.00 0.00 28,532.92 Subgroup B 0 0.00 0.00 0 0.00 0.00 12,715.27 Total 0 0.00 0.00 0 0.00 0.00 41,248.19
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Subgroup A 0085332856 CA 78.96 01-Jan-2005 288,200.00 288,200.00 Subgroup A 0085520617 CA 71.94 01-Jan-2005 223,000.00 222,999.98 Subgroup A 0085917334 IL 75.79 01-Apr-2005 216,000.00 214,989.01 Subgroup A 0085961639 MN 80.00 01-Apr-2005 168,000.00 168,000.00 Subgroup A 0085971414 AZ 80.00 01-May-2005 216,000.00 216,000.00 Subgroup A 0086042736 IL 80.00 01-Apr-2005 229,600.00 228,575.86 Subgroup A 0086060084 MI 78.64 01-May-2005 232,000.00 231,999.99 Subgroup A 0086066107 MA 66.25 01-Apr-2005 210,000.00 209,022.50 Subgroup A 0086075199 MN 83.18 01-Apr-2005 264,500.00 264,299.99 Subgroup A 0086085404 FL 80.00 01-Apr-2005 95,200.00 95,200.00 Subgroup A 0086108826 RI 80.00 01-May-2005 272,000.00 134,023.97 Subgroup A 0086118726 AZ 79.99 01-May-2005 208,450.00 208,450.00 Subgroup A 0086132792 MN 80.00 01-Apr-2005 218,400.00 218,400.00 Subgroup A 0086147741 VA 80.00 01-Apr-2005 264,000.00 264,000.00 Subgroup A 0086153749 FL 79.86 01-Apr-2005 317,250.00 317,249.99 Subgroup A 0086170503 AZ 80.00 01-May-2005 252,000.00 252,000.00 Subgroup A 0086195591 NV 80.00 01-May-2005 280,000.00 280,000.00 Subgroup A 0086214780 OR 80.00 01-May-2005 89,600.00 89,600.00 Subgroup A 0086280591 CA 80.00 01-May-2005 208,000.00 208,000.00 Subgroup A 0086290194 GA 76.11 01-May-2005 54,800.00 54,800.00 Subgroup A 0086294717 NY 95.00 01-May-2005 285,000.00 283,909.83 Subgroup A 0086323607 WA 79.98 01-May-2005 233,800.00 233,799.99 Subgroup A 0086325131 CO 71.91 01-May-2005 169,000.00 169,000.00 Subgroup A 0086340767 MA 80.00 01-May-2005 216,000.00 216,000.00 Subgroup A 0086383668 AZ 80.00 01-May-2005 146,400.00 145,597.91 Subgroup A 0201675022 NJ 79.94 01-May-2005 106,000.00 106,000.00 Subgroup A 0201790631 AZ 80.00 01-Dec-2004 252,000.00 252,000.00 Subgroup A 0201953387 CT 80.00 01-Mar-2005 239,200.00 239,022.76 Subgroup A 0201966223 FL 80.00 01-Mar-2005 104,000.00 103,726.87 Subgroup A 0201977238 MD 79.99 01-Feb-2005 144,600.00 144,599.99 Subgroup A 0202058129 NJ 80.00 01-Apr-2005 230,400.00 230,400.00 Subgroup A 0202065942 AZ 79.99 01-Mar-2005 185,150.00 185,150.00 Subgroup A 0202137105 CA 70.00 01-Apr-2005 175,000.00 175,000.00 Subgroup A 0202171781 NV 80.00 01-May-2005 230,900.00 230,900.00 Subgroup A 0202179487 AZ 79.99 01-Apr-2005 197,350.00 197,350.00 Subgroup A 0202198784 NV 80.00 01-May-2005 216,000.00 36,000.00 Subgroup A 0202234944 CA 80.00 01-May-2005 264,000.00 264,000.00 Subgroup A 0202243184 CO 80.00 01-May-2005 114,800.00 114,800.00 Subgroup B 0085851368 CT 74.71 01-Apr-2005 650,000.00 650,000.00 Subgroup B 0086081544 CA 80.00 01-May-2005 460,000.00 458,183.40 Subgroup B 0086102837 CA 68.18 01-May-2005 375,000.00 374,999.83 Subgroup B 0086136983 CA 71.49 01-May-2005 400,000.00 399,880.00 Subgroup B 0086184900 CA 85.00 01-Apr-2005 433,500.00 433,499.99 Subgroup B 0086200425 WA 61.96 01-May-2005 663,000.00 663,000.00 Subgroup B 0086270782 VA 80.00 01-May-2005 504,000.00 504,000.00 Subgroup B 0086293917 CA 80.00 01-May-2005 400,000.00 400,000.00 Subgroup B 0086313327 CA 80.00 01-May-2005 440,000.00 439,848.74 Subgroup B 0086352713 CA 59.12 01-May-2005 470,000.00 469,999.97 Subgroup B 0201756863 CA 80.00 01-Apr-2005 563,000.00 562,949.99 Subgroup B 0202102679 WA 70.37 01-May-2005 380,000.00 380,000.00 Subgroup B 0202192928 IL 80.00 01-May-2005 392,000.00 392,000.00 Subgroup B 0202213054 CA 80.00 01-May-2005 956,000.00 956,000.00
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Subgroup A 0085332856 Loan Paid in Full 0 5.750% 360 7 Subgroup A 0085520617 Loan Paid in Full 0 5.750% 360 7 Subgroup A 0085917334 Loan Paid in Full 0 6.375% 360 4 Subgroup A 0085961639 Loan Paid in Full 0 6.625% 360 4 Subgroup A 0085971414 Loan Paid in Full 0 5.875% 360 4 Subgroup A 0086042736 Loan Paid in Full (1) 6.625% 360 4 Subgroup A 0086060084 Loan Paid in Full 0 5.875% 360 4 Subgroup A 0086066107 Loan Paid in Full (1) 6.625% 360 4 Subgroup A 0086075199 Loan Paid in Full 0 5.625% 360 4 Subgroup A 0086085404 Loan Paid in Full 0 6.125% 360 4 Subgroup A 0086108826 Loan Paid in Full (2) 6.875% 360 4 Subgroup A 0086118726 Loan Paid in Full 0 6.000% 360 4 Subgroup A 0086132792 Loan Paid in Full 0 6.875% 360 4 Subgroup A 0086147741 Loan Paid in Full 0 7.000% 360 4 Subgroup A 0086153749 Loan Paid in Full (1) 6.625% 360 4 Subgroup A 0086170503 Loan Paid in Full 0 6.750% 360 4 Subgroup A 0086195591 Loan Paid in Full 0 5.750% 360 4 Subgroup A 0086214780 Loan Paid in Full (1) 6.375% 360 3 Subgroup A 0086280591 Loan Paid in Full 0 6.750% 360 4 Subgroup A 0086290194 Loan Paid in Full 0 6.750% 360 4 Subgroup A 0086294717 Loan Paid in Full 0 6.250% 360 4 Subgroup A 0086323607 Loan Paid in Full 0 6.375% 360 4 Subgroup A 0086325131 Loan Paid in Full 0 5.875% 360 4 Subgroup A 0086340767 Loan Paid in Full (1) 7.000% 360 4 Subgroup A 0086383668 Loan Paid in Full (2) 6.250% 360 4 Subgroup A 0201675022 Loan Paid in Full 0 6.875% 360 4 Subgroup A 0201790631 Loan Paid in Full 0 5.750% 360 8 Subgroup A 0201953387 Loan Paid in Full (1) 6.750% 360 5 Subgroup A 0201966223 Loan Paid in Full 0 6.125% 360 5 Subgroup A 0201977238 Loan Paid in Full 0 5.875% 360 6 Subgroup A 0202058129 Loan Paid in Full 0 6.500% 360 4 Subgroup A 0202065942 Loan Paid in Full (1) 6.375% 360 5 Subgroup A 0202137105 Loan Paid in Full 0 7.500% 360 4 Subgroup A 0202171781 Loan Paid in Full 0 6.500% 360 4 Subgroup A 0202179487 Loan Paid in Full (2) 6.000% 360 4 Subgroup A 0202198784 Loan Paid in Full 0 6.875% 360 4 Subgroup A 0202234944 Loan Paid in Full 0 7.000% 360 4 Subgroup A 0202243184 Loan Paid in Full 0 6.875% 360 4 Subgroup B 0085851368 Loan Paid in Full 0 6.250% 360 4 Subgroup B 0086081544 Loan Paid in Full 0 6.625% 360 4 Subgroup B 0086102837 Loan Paid in Full 0 6.125% 360 4 Subgroup B 0086136983 Loan Paid in Full 0 6.000% 360 4 Subgroup B 0086184900 Loan Paid in Full 0 6.250% 360 4 Subgroup B 0086200425 Loan Paid in Full 0 6.750% 360 4 Subgroup B 0086270782 Loan Paid in Full 0 6.250% 360 4 Subgroup B 0086293917 Loan Paid in Full 0 6.750% 360 4 Subgroup B 0086313327 Loan Paid in Full 0 6.875% 360 4 Subgroup B 0086352713 Loan Paid in Full (1) 6.500% 360 4 Subgroup B 0201756863 Loan Paid in Full 0 5.875% 360 4 Subgroup B 0202102679 Loan Paid in Full 0 7.375% 360 4 Subgroup B 0202192928 Loan Paid in Full 0 6.625% 360 4 Subgroup B 0202213054 Loan Paid in Full 0 6.750% 360 4
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 3.103% Current Month 31.494% Current Month 3,827.801% 3 Month Average 2.491% 3 Month Average 26.023% 3 Month Average 4,325.573% 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 6.380% N/A May-2005 2,834.538% N/A Jun-2005 22.254% N/A Jun-2005 5,248.162% N/A Jul-2005 24.320% N/A Jul-2005 3,900.756% N/A Aug-2005 31.494% N/A Aug-2005 3,827.801% 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. Subgroup A SMM CPR PSA Current Month 2.193% Current Month 23.363% Current Month 2,848.675% 3 Month Average 2.029% 3 Month Average 21.790% 3 Month Average 3,697.467% 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 7.317% N/A May-2005 3,275.042% N/A Jun-2005 19.515% N/A Jun-2005 4,625.540% N/A Jul-2005 22.491% N/A Jul-2005 3,618.185% N/A Aug-2005 23.363% N/A Aug-2005 2,848.675% 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. Subgroup B SMM CPR PSA Current Month 5.538% Current Month 49.525% Current Month 5,966.410% 3 Month Average 3.723% 3 Month Average 35.855% 3 Month Average 5,780.206% 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 3.867% N/A May-2005 1,685.286% N/A Jun-2005 29.052% N/A Jun-2005 6,761.288% N/A Jul-2005 28.988% N/A Jul-2005 4,612.918% N/A Aug-2005 49.525% N/A Aug-2005 5,966.410% 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 Subgroup A 0 0.00 0.00 0.000% Subgroup B 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. Subgroup A MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 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. Subgroup B MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 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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