8-K 1 abf05wf1_10510.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): October 25, 2005 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-WF1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121564-04 Pooling and Servicing Agreement) (Commission 54-2173082 (State or other File Number) 54-2173083 jurisdiction 54-6658782 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 October 25, 2005 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2005-WF1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-WF1 Trust, relating to the October 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-WF1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 10/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-WF1 Trust, relating to the October 25, 2005 distribution. EX-99.1
Asset Backed Funding Corporation Asset Backed Certificates Record Date: 9/30/2005 Distribution Date: 10/25/2005 Asset Backed Funding Corporation Asset Backed Certificates Series 2005-WF1 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 04542BLU4 SEN 4.02000% 128,438,591.26 415,827.63 A-2A 04542BLV2 SEN 3.91000% 236,875,132.95 745,912.68 A-2B 04542BLW0 SEN 4.01000% 346,454,000.00 1,118,875.37 A-2C 04542BLX8 SEN 4.14000% 96,035,000.00 320,200.23 M-1 04542BLY6 SUB 4.19000% 54,359,000.00 183,432.90 M-2 04542BLZ3 SUB 4.23000% 34,270,000.00 116,747.13 M-3 04542BMA7 SUB 4.28000% 16,545,000.00 57,029.86 M-4 04542BMB5 SUB 4.43000% 11,817,000.00 42,160.21 M-5 04542BMC3 SUB 4.46000% 11,817,000.00 42,445.72 M-6 04542BMD1 SUB 4.49000% 12,408,000.00 44,868.33 M-7 04542BME9 SUB 5.08000% 11,818,000.00 48,350.33 M-8 04542BMF6 SUB 5.08000% 10,044,000.00 41,092.46 M-9 04542BMG4 SUB 5.53000% 11,817,000.00 52,628.88 M-10 04542BMH2 SUB 7.08000% 8,863,000.00 50,537.84 B-1 04542BMJ8 SUB 7.08000% 4,727,000.00 26,953.89 B-2 04542BMK5 SUB 7.08000% 5,318,000.00 30,323.84 B-3 04542BML3 SUB 7.08000% 7,090,000.00 40,427.99 CE ABF5WF1CE SUB 0.00000% 5,908,538.17 1,801,188.35 R ABF5WF1R1 RES 0.00000% 0.00 0.00 P ABF05WF1P SEN 0.00000% 100.00 398,001.19 Totals 1,014,604,362.38 5,577,004.83
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 4,285,958.21 0.00 124,152,633.05 4,701,785.84 0.00 A-2A 31,163,316.88 0.00 205,711,816.07 31,909,229.56 0.00 A-2B 0.00 0.00 346,454,000.00 1,118,875.37 0.00 A-2C 0.00 0.00 96,035,000.00 320,200.23 0.00 M-1 0.00 0.00 54,359,000.00 183,432.90 0.00 M-2 0.00 0.00 34,270,000.00 116,747.13 0.00 M-3 0.00 0.00 16,545,000.00 57,029.86 0.00 M-4 0.00 0.00 11,817,000.00 42,160.21 0.00 M-5 0.00 0.00 11,817,000.00 42,445.72 0.00 M-6 0.00 0.00 12,408,000.00 44,868.33 0.00 M-7 0.00 0.00 11,818,000.00 48,350.33 0.00 M-8 0.00 0.00 10,044,000.00 41,092.46 0.00 M-9 0.00 0.00 11,817,000.00 52,628.88 0.00 M-10 0.00 0.00 8,863,000.00 50,537.84 0.00 B-1 0.00 0.00 4,727,000.00 26,953.89 0.00 B-2 0.00 0.00 5,318,000.00 30,323.84 0.00 B-3 0.00 0.00 7,090,000.00 40,427.99 0.00 CE 0.00 0.00 5,908,538.17 1,801,188.35 0.00 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 100.00 398,001.19 0.00 Totals 35,449,275.09 0.00 979,155,087.29 41,026,279.92 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-1 151,170,000.00 128,438,591.26 0.00 4,285,958.21 0.00 0.00 A-2A 381,266,000.00 236,875,132.95 0.00 31,163,316.88 0.00 0.00 A-2B 346,454,000.00 346,454,000.00 0.00 0.00 0.00 0.00 A-2C 96,035,000.00 96,035,000.00 0.00 0.00 0.00 0.00 M-1 54,359,000.00 54,359,000.00 0.00 0.00 0.00 0.00 M-2 34,270,000.00 34,270,000.00 0.00 0.00 0.00 0.00 M-3 16,545,000.00 16,545,000.00 0.00 0.00 0.00 0.00 M-4 11,817,000.00 11,817,000.00 0.00 0.00 0.00 0.00 M-5 11,817,000.00 11,817,000.00 0.00 0.00 0.00 0.00 M-6 12,408,000.00 12,408,000.00 0.00 0.00 0.00 0.00 M-7 11,818,000.00 11,818,000.00 0.00 0.00 0.00 0.00 M-8 10,044,000.00 10,044,000.00 0.00 0.00 0.00 0.00 M-9 11,817,000.00 11,817,000.00 0.00 0.00 0.00 0.00 M-10 8,863,000.00 8,863,000.00 0.00 0.00 0.00 0.00 B-1 4,727,000.00 4,727,000.00 0.00 0.00 0.00 0.00 B-2 5,318,000.00 5,318,000.00 0.00 0.00 0.00 0.00 B-3 7,090,000.00 7,090,000.00 0.00 0.00 0.00 0.00 CE 5,909,534.48 5,908,538.17 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,181,727,634.48 1,014,604,362.38 0.00 35,449,275.09 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 4,285,958.21 124,152,633.05 0.82127825 4,285,958.21 A-2A 31,163,316.88 205,711,816.07 0.53954933 31,163,316.88 A-2B 0.00 346,454,000.00 1.00000000 0.00 A-2C 0.00 96,035,000.00 1.00000000 0.00 M-1 0.00 54,359,000.00 1.00000000 0.00 M-2 0.00 34,270,000.00 1.00000000 0.00 M-3 0.00 16,545,000.00 1.00000000 0.00 M-4 0.00 11,817,000.00 1.00000000 0.00 M-5 0.00 11,817,000.00 1.00000000 0.00 M-6 0.00 12,408,000.00 1.00000000 0.00 M-7 0.00 11,818,000.00 1.00000000 0.00 M-8 0.00 10,044,000.00 1.00000000 0.00 M-9 0.00 11,817,000.00 1.00000000 0.00 M-10 0.00 8,863,000.00 1.00000000 0.00 B-1 0.00 4,727,000.00 1.00000000 0.00 B-2 0.00 5,318,000.00 1.00000000 0.00 B-3 0.00 7,090,000.00 1.00000000 0.00 CE 0.00 5,908,538.17 0.99983141 0.00 R 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 35,449,275.09 979,155,087.29 0.82857933 35,449,275.09
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 151,170,000.00 849.63015982 0.00000000 28.35190984 0.00000000 A-2A 381,266,000.00 621.28575050 0.00000000 81.73641730 0.00000000 A-2B 346,454,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 96,035,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 54,359,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 34,270,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 16,545,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 11,817,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 11,817,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 12,408,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 11,818,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 10,044,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 11,817,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 8,863,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 4,727,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 7,090,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 5,909,534.48 999.83140635 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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 28.35190984 821.27824998 0.82127825 28.35190984 A-2A 0.00000000 81.73641730 539.54933320 0.53954933 81.73641730 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 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 999.83140635 0.99983141 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 151,170,000.00 4.02000% 128,438,591.26 415,926.97 0.00 0.00 A-2A 381,266,000.00 3.91000% 236,875,132.95 746,090.87 0.00 0.00 A-2B 346,454,000.00 4.01000% 346,454,000.00 1,119,142.66 0.00 0.00 A-2C 96,035,000.00 4.14000% 96,035,000.00 320,276.72 0.00 0.00 M-1 54,359,000.00 4.19000% 54,359,000.00 183,476.72 0.00 0.00 M-2 34,270,000.00 4.23000% 34,270,000.00 116,775.02 0.00 0.00 M-3 16,545,000.00 4.28000% 16,545,000.00 57,043.48 0.00 0.00 M-4 11,817,000.00 4.43000% 11,817,000.00 42,170.28 0.00 0.00 M-5 11,817,000.00 4.46000% 11,817,000.00 42,455.86 0.00 0.00 M-6 12,408,000.00 4.49000% 12,408,000.00 44,879.05 0.00 0.00 M-7 11,818,000.00 5.08000% 11,818,000.00 48,361.88 0.00 0.00 M-8 10,044,000.00 5.08000% 10,044,000.00 41,102.28 0.00 0.00 M-9 11,817,000.00 5.53000% 11,817,000.00 52,641.45 0.00 0.00 M-10 8,863,000.00 7.08000% 8,863,000.00 50,548.64 0.00 0.00 B-1 4,727,000.00 7.08000% 4,727,000.00 26,959.66 0.00 0.00 B-2 5,318,000.00 7.08000% 5,318,000.00 30,330.33 0.00 0.00 B-3 7,090,000.00 7.08000% 7,090,000.00 40,436.63 0.00 0.00 CE 5,909,534.48 0.00000% 5,908,538.17 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,181,727,634.48 3,378,618.50 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 99.34 0.00 415,827.63 0.00 124,152,633.05 A-2A 178.19 0.00 745,912.68 0.00 205,711,816.07 A-2B 267.29 0.00 1,118,875.37 0.00 346,454,000.00 A-2C 76.49 0.00 320,200.23 0.00 96,035,000.00 M-1 43.82 0.00 183,432.90 0.00 54,359,000.00 M-2 27.89 0.00 116,747.13 0.00 34,270,000.00 M-3 13.62 0.00 57,029.86 0.00 16,545,000.00 M-4 10.07 0.00 42,160.21 0.00 11,817,000.00 M-5 10.14 0.00 42,445.72 0.00 11,817,000.00 M-6 10.72 0.00 44,868.33 0.00 12,408,000.00 M-7 11.55 0.00 48,350.33 0.00 11,818,000.00 M-8 9.82 0.00 41,092.46 0.00 10,044,000.00 M-9 12.57 0.00 52,628.88 0.00 11,817,000.00 M-10 10.81 0.00 50,537.84 0.00 8,863,000.00 B-1 5.76 0.00 26,953.89 0.00 4,727,000.00 B-2 6.48 0.00 30,323.84 0.00 5,318,000.00 B-3 8.64 0.00 40,427.99 0.00 7,090,000.00 CE 0.00 0.00 1,801,188.35 0.00 5,908,538.17 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 398,001.19 0.00 0.00 Totals 803.20 0.00 5,577,004.83 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-1 151,170,000.00 4.02000% 849.63015982 2.75138566 0.00000000 0.00000000 A-2A 381,266,000.00 3.91000% 621.28575050 1.95687753 0.00000000 0.00000000 A-2B 346,454,000.00 4.01000% 1000.00000000 3.23027779 0.00000000 0.00000000 A-2C 96,035,000.00 4.14000% 1000.00000000 3.33499995 0.00000000 0.00000000 M-1 54,359,000.00 4.19000% 1000.00000000 3.37527769 0.00000000 0.00000000 M-2 34,270,000.00 4.23000% 1000.00000000 3.40749985 0.00000000 0.00000000 M-3 16,545,000.00 4.28000% 1000.00000000 3.44777758 0.00000000 0.00000000 M-4 11,817,000.00 4.43000% 1000.00000000 3.56861132 0.00000000 0.00000000 M-5 11,817,000.00 4.46000% 1000.00000000 3.59277820 0.00000000 0.00000000 M-6 12,408,000.00 4.49000% 1000.00000000 3.61694471 0.00000000 0.00000000 M-7 11,818,000.00 5.08000% 1000.00000000 4.09222203 0.00000000 0.00000000 M-8 10,044,000.00 5.08000% 1000.00000000 4.09222222 0.00000000 0.00000000 M-9 11,817,000.00 5.53000% 1000.00000000 4.45472201 0.00000000 0.00000000 M-10 8,863,000.00 7.08000% 1000.00000000 5.70333296 0.00000000 0.00000000 B-1 4,727,000.00 7.08000% 1000.00000000 5.70333404 0.00000000 0.00000000 B-2 5,318,000.00 7.08000% 1000.00000000 5.70333396 0.00000000 0.00000000 B-3 7,090,000.00 7.08000% 1000.00000000 5.70333286 0.00000000 0.00000000 CE 5,909,534.48 0.00000% 999.83140635 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 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 0.00065714 0.00000000 2.75072852 0.00000000 821.27824998 A-2A 0.00046736 0.00000000 1.95641017 0.00000000 539.54933320 A-2B 0.00077150 0.00000000 3.22950628 0.00000000 1000.00000000 A-2C 0.00079648 0.00000000 3.33420347 0.00000000 1000.00000000 M-1 0.00080612 0.00000000 3.37447157 0.00000000 1000.00000000 M-2 0.00081383 0.00000000 3.40668602 0.00000000 1000.00000000 M-3 0.00082321 0.00000000 3.44695437 0.00000000 1000.00000000 M-4 0.00085216 0.00000000 3.56775916 0.00000000 1000.00000000 M-5 0.00085809 0.00000000 3.59192012 0.00000000 1000.00000000 M-6 0.00086396 0.00000000 3.61608075 0.00000000 1000.00000000 M-7 0.00097732 0.00000000 4.09124471 0.00000000 1000.00000000 M-8 0.00097770 0.00000000 4.09124452 0.00000000 1000.00000000 M-9 0.00106372 0.00000000 4.45365829 0.00000000 1000.00000000 M-10 0.00121968 0.00000000 5.70211441 0.00000000 1000.00000000 B-1 0.00121853 0.00000000 5.70211339 0.00000000 1000.00000000 B-2 0.00121850 0.00000000 5.70211358 0.00000000 1000.00000000 B-3 0.00121862 0.00000000 5.70211425 0.00000000 1000.00000000 CE 0.00000000 0.00000000 304.79361041 0.00000000 999.83140635 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 3980011.90000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 41,461,714.37 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 41,461,714.37 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 435,434.45 Payment of Interest and Principal 41,026,279.92 Total Withdrawals (Pool Distribution Amount) 41,461,714.37 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 803.20
SERVICING FEES Gross Servicing Fee 422,751.89 Credit Risk Manager Fee 12,682.56 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 435,434.45
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Class A1 Reserve Fund 0.00 0.00 0.00 0.00 Class A-2A, A-2B, A-2C Reserve Fund 0.00 0.00 0.00 0.00 Class M and B Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 15,549.03 15,549.03 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 94 0 0 0 94 12,148,758.30 0.00 0.00 0.00 12,148,758.30 60 Days 39 0 0 0 39 5,072,361.26 0.00 0.00 0.00 5,072,361.26 90 Days 26 0 0 0 26 3,159,785.61 0.00 0.00 0.00 3,159,785.61 120 Days 13 0 0 0 13 1,199,842.46 0.00 0.00 0.00 1,199,842.46 150 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 172 0 0 0 172 21,580,747.63 0.00 0.00 0.00 21,580,747.63 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 1.477755% 0.000000% 0.000000% 0.000000% 1.477755% 1.239533% 0.000000% 0.000000% 0.000000% 1.239533% 60 Days 0.613111% 0.000000% 0.000000% 0.000000% 0.613111% 0.517531% 0.000000% 0.000000% 0.000000% 0.517531% 90 Days 0.408741% 0.000000% 0.000000% 0.000000% 0.408741% 0.322392% 0.000000% 0.000000% 0.000000% 0.322392% 120 Days 0.204370% 0.000000% 0.000000% 0.000000% 0.204370% 0.122419% 0.000000% 0.000000% 0.000000% 0.122419% 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 2.703977% 0.000000% 0.000000% 0.000000% 2.703977% 2.201876% 0.000000% 0.000000% 0.000000% 2.201876%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 143,245.58 0.00 0.00 0.00 143,245.58 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 1 143,245.58 0.00 0.00 0.00 143,245.58 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.396825% 0.000000% 0.000000% 0.000000% 0.396825% 0.414616% 0.000000% 0.000000% 0.000000% 0.414616% 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 0.396825% 0.000000% 0.000000% 0.000000% 0.396825% 0.414616% 0.000000% 0.000000% 0.000000% 0.414616% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 17 0 0 0 17 1,944,708.49 0.00 0.00 0.00 1,944,708.49 60 Days 6 0 0 0 6 806,311.42 0.00 0.00 0.00 806,311.42 90 Days 4 0 0 0 4 657,393.91 0.00 0.00 0.00 657,393.91 120 Days 3 0 0 0 3 404,141.23 0.00 0.00 0.00 404,141.23 150 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 30 0 0 0 30 3,812,555.05 0.00 0.00 0.00 3,812,555.05 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.995305% 0.000000% 0.000000% 0.000000% 1.995305% 1.596368% 0.000000% 0.000000% 0.000000% 1.596368% 60 Days 0.704225% 0.000000% 0.000000% 0.000000% 0.704225% 0.661883% 0.000000% 0.000000% 0.000000% 0.661883% 90 Days 0.469484% 0.000000% 0.000000% 0.000000% 0.469484% 0.539640% 0.000000% 0.000000% 0.000000% 0.539640% 120 Days 0.352113% 0.000000% 0.000000% 0.000000% 0.352113% 0.331750% 0.000000% 0.000000% 0.000000% 0.331750% 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 3.521127% 0.000000% 0.000000% 0.000000% 3.521127% 3.129641% 0.000000% 0.000000% 0.000000% 3.129641% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 16 0 0 0 16 1,345,912.14 0.00 0.00 0.00 1,345,912.14 60 Days 6 0 0 0 6 701,315.16 0.00 0.00 0.00 701,315.16 90 Days 4 0 0 0 4 447,267.43 0.00 0.00 0.00 447,267.43 120 Days 3 0 0 0 3 121,334.07 0.00 0.00 0.00 121,334.07 150 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 29 0 0 0 29 2,615,828.80 0.00 0.00 0.00 2,615,828.80 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.970285% 0.000000% 0.000000% 0.000000% 0.970285% 0.546820% 0.000000% 0.000000% 0.000000% 0.546820% 60 Days 0.363857% 0.000000% 0.000000% 0.000000% 0.363857% 0.284932% 0.000000% 0.000000% 0.000000% 0.284932% 90 Days 0.242571% 0.000000% 0.000000% 0.000000% 0.242571% 0.181717% 0.000000% 0.000000% 0.000000% 0.181717% 120 Days 0.181928% 0.000000% 0.000000% 0.000000% 0.181928% 0.049296% 0.000000% 0.000000% 0.000000% 0.049296% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.758642% 0.000000% 0.000000% 0.000000% 1.758642% 1.062764% 0.000000% 0.000000% 0.000000% 1.062764% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 60 0 0 0 60 8,714,892.09 0.00 0.00 0.00 8,714,892.09 60 Days 27 0 0 0 27 3,564,734.68 0.00 0.00 0.00 3,564,734.68 90 Days 18 0 0 0 18 2,055,124.27 0.00 0.00 0.00 2,055,124.27 120 Days 7 0 0 0 7 674,367.16 0.00 0.00 0.00 674,367.16 150 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 112 0 0 0 112 15,009,118.20 0.00 0.00 0.00 15,009,118.20 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.662971% 0.000000% 0.000000% 0.000000% 1.662971% 1.508802% 0.000000% 0.000000% 0.000000% 1.508802% 60 Days 0.748337% 0.000000% 0.000000% 0.000000% 0.748337% 0.617160% 0.000000% 0.000000% 0.000000% 0.617160% 90 Days 0.498891% 0.000000% 0.000000% 0.000000% 0.498891% 0.355802% 0.000000% 0.000000% 0.000000% 0.355802% 120 Days 0.194013% 0.000000% 0.000000% 0.000000% 0.194013% 0.116753% 0.000000% 0.000000% 0.000000% 0.116753% 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 3.104213% 0.000000% 0.000000% 0.000000% 3.104213% 2.598517% 0.000000% 0.000000% 0.000000% 2.598517%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 142,691.72
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 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-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 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-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 Fixed & Mixed ARM Weighted Average Gross Coupon 6.641298% Weighted Average Net Coupon 6.141298% Weighted Average Pass-Through Rate 6.126298% Weighted Average Maturity(Stepdown Calculation) 344 Beginning Scheduled Collateral Loan Count 6,544 Number Of Loans Paid In Full 183 Ending Scheduled Collateral Loan Count 6,361 Beginning Scheduled Collateral Balance 1,014,604,362.38 Ending Scheduled Collateral Balance 979,155,087.29 Ending Actual Collateral Balance at 30-Sep-2005 980,107,528.79 Monthly P&I Constant 6,620,691.78 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,005,450.45 Unscheduled Principal 34,443,824.64 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,908,638.17 Overcollateralized Amount 5,908,638.17 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,815,934.16
Miscellaneous Reporting Cap CarryOver Amount 15,549.03 Trigger Event NO
Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.545088 6.686932 6.629823 Weighted Average Net Rate 6.045088 6.186932 6.129823 Weighted Average Maturity 344 351 315 Beginning Loan Count 252 875 1,690 Loans Paid In Full 0 23 41 Ending Loan Count 252 852 1,649 Beginning Scheduled Balance 34,563,627.11 125,941,290.92 253,120,851.98 Ending Scheduled Balance 34,515,021.53 121,703,938.29 245,874,803.68 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal And Interest Constant 230,466.57 815,645.12 1,700,043.57 Scheduled Principal 41,948.26 113,844.42 301,588.17 Unscheduled Principal 6,657.32 4,123,508.21 6,944,460.13 Scheduled Interest 188,518.31 701,800.70 1,398,455.40 Servicing Fees 14,401.51 52,475.54 105,467.02 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 432.05 1,574.27 3,164.01 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 173,684.75 647,750.89 1,289,824.37 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 6.030088 6.171932 6.114823
Group Level Collateral Statement Group 4 Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 6.642101 6.641298 Weighted Average Net Rate 6.142101 6.141298 Weighted Average Maturity 350 344 Beginning Loan Count 3,727 6,544 Loans Paid In Full 119 183 Ending Loan Count 3,608 6,361 Beginning Scheduled Balance 600,978,592.37 1,014,604,362.38 Ending scheduled Balance 577,061,323.79 979,155,087.29 Record Date 09/30/2005 09/30/2005 Principal And Interest Constant 3,874,536.52 6,620,691.78 Scheduled Principal 548,069.60 1,005,450.45 Unscheduled Principal 23,369,198.98 34,443,824.64 Scheduled Interest 3,326,466.92 5,615,241.33 Servicing Fees 250,407.75 422,751.82 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 7,512.23 12,682.56 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 3,068,546.94 5,179,806.95 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.127101 6.126298
Miscellaneous Reporting Group 1 Group 1 Available Funds 5,138,155.66 Group 2 Group 2 Available Funds 35,888,124.26
Group
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 0 0.00 0.00 0 0.00 0.00 2 23 4,148,090.00 4,115,540.59 0 0.00 0.00 3 41 6,975,194.00 6,907,417.90 0 0.00 0.00 4 119 23,526,761.00 23,334,736.33 0 0.00 0.00 Total 183 34,650,045.00 34,357,694.82 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 6,657.32 2 0 0.00 0.00 0 0.00 0.00 7,967.62 3 0 0.00 0.00 0 0.00 0.00 37,042.23 4 0 0.00 0.00 0 0.00 0.00 34,462.65 Total 0 0.00 0.00 0 0.00 0.00 86,129.82
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 2 0139881361 MO 84.81 01-Oct-2004 22,900.00 22,769.24 2 0141627406 OR 80.00 01-Feb-2005 223,200.00 221,373.83 2 0141674572 VA 60.00 01-Feb-2005 90,000.00 89,439.96 2 0141701987 CA 84.50 01-Feb-2005 169,000.00 166,978.66 2 0141728014 NJ 80.00 01-Feb-2005 328,000.00 325,081.37 2 0141734715 CT 53.42 01-Jan-2005 78,000.00 77,604.07 2 0141752493 VA 80.00 01-Feb-2005 193,600.00 191,942.87 2 0141755363 TX 80.00 01-Feb-2005 139,200.00 138,350.28 2 0141833921 GA 59.91 01-Feb-2005 136,000.00 135,194.79 2 0141858464 MO 80.00 01-Jan-2005 120,000.00 119,176.73 2 0141916387 MD 80.00 01-Feb-2005 156,000.00 155,053.26 2 0141927608 CA 85.00 01-Feb-2005 276,250.00 274,309.37 2 0141933796 CA 64.38 01-Feb-2005 197,000.00 195,365.39 2 0141936815 NC 64.10 01-Mar-2005 25,000.00 24,864.34 2 0141938399 MA 79.00 01-Jan-2005 222,000.00 220,118.63 2 0141979526 GA 95.00 01-Feb-2005 304,000.00 302,329.64 2 0142007772 IL 100.00 01-Feb-2005 134,500.00 133,591.01 2 0142010578 NJ 80.00 01-Jan-2005 228,240.00 226,431.08 2 0142026731 CA 68.18 01-Feb-2005 187,500.00 185,653.52 2 0142026988 MA 80.00 01-Feb-2005 295,200.00 292,914.20 2 0142051887 TX 60.34 01-Feb-2005 175,000.00 174,014.03 2 0142103787 WI 86.96 01-Jan-2005 343,500.00 339,505.60 2 0142158328 OH 80.00 10-Feb-2005 104,000.00 103,478.72 3 0137799532 NY 90.00 01-Sep-2004 77,130.00 76,394.22 3 0138486097 NY 70.83 01-Aug-2004 170,000.00 167,663.65 3 0139273981 NJ 69.33 01-Oct-2004 208,000.00 205,937.43 3 0139291041 CA 69.56 01-Sep-2004 396,500.00 391,755.83 3 0139479356 NJ 54.74 28-Aug-2004 260,000.00 247,780.53 3 0139616304 FL 80.00 01-Oct-2004 136,000.00 134,841.11 3 0139644207 NJ 80.00 01-Oct-2004 212,000.00 209,372.11 3 0140323619 NY 90.00 01-Jan-2005 45,360.00 45,111.90 3 0140719238 NY 63.87 01-Jan-2005 239,500.00 237,248.32 3 0140850777 NJ 63.13 01-Jan-2005 101,000.00 100,090.09 3 0140887183 WI 34.39 01-Jan-2005 76,000.00 75,298.71 3 0140992389 CA 90.00 01-Jan-2005 315,000.00 312,616.57 3 0141077677 MN 80.00 01-Jan-2005 88,000.00 87,273.16 3 0141101121 NJ 75.00 01-Jan-2005 251,250.00 249,529.19 3 0141122549 FL 86.17 01-Jan-2005 129,254.00 128,678.44 3 0141123554 CA 46.30 01-Jan-2005 338,000.00 335,121.80 3 0141150193 MD 80.00 01-Jan-2005 168,000.00 166,700.15 3 0141189423 IL 75.00 01-Dec-2004 80,250.00 79,637.41 3 0141216978 CA 56.28 01-Jan-2005 121,000.00 119,942.85 3 0141225508 NJ 64.44 01-Jan-2005 145,000.00 144,077.99 3 0141229518 PA 77.31 01-Jan-2005 310,000.00 307,431.42 3 0141243725 NM 27.03 01-Jan-2005 50,000.00 49,765.48 3 0141254359 VA 43.75 01-Feb-2005 84,000.00 83,395.46 3 0141297648 MD 64.52 01-Jan-2005 200,000.00 198,630.23 3 0141348342 KS 95.00 01-Feb-2005 72,200.00 71,782.13 3 0141487413 VA 65.72 05-Dec-2004 186,000.00 184,408.62 3 0141495689 DC 58.65 01-Feb-2005 217,000.00 215,438.40 3 0141527952 MD 53.85 01-Feb-2005 140,000.00 138,259.10 3 0141545293 NJ 75.00 01-Jan-2005 270,000.00 267,941.17 3 0141633198 MD 67.78 01-Feb-2005 183,000.00 181,833.43 3 0141641506 MD 73.64 01-Feb-2005 190,000.00 188,632.67 3 0141733402 MD 71.58 01-Feb-2005 136,000.00 134,897.35 3 0141766477 CA 45.81 01-Feb-2005 142,000.00 140,838.17 3 0141776096 NC 75.00 17-Jan-2005 33,750.00 33,108.55 3 0141861237 CA 48.62 01-Feb-2005 316,000.00 313,529.13 3 0141922286 MN 79.84 01-Feb-2005 198,000.00 196,590.51 3 0141955062 CA 53.57 01-Feb-2005 180,000.00 178,673.21 3 0142045608 IN 66.67 01-Feb-2005 38,000.00 37,801.44 3 0142071497 MD 75.00 01-Feb-2005 186,000.00 184,704.24 3 0142235381 NJ 80.00 01-Mar-2005 136,000.00 135,494.20 3 0142254572 NJ 53.57 01-Feb-2005 150,000.00 149,191.53 4 0137647566 NJ 31.21 01-Jul-2004 103,000.00 101,772.37 4 0138323381 OH 87.60 01-Sep-2004 109,500.00 108,279.67 4 0138867692 WI 83.37 01-Aug-2004 75,030.00 74,256.76 4 0138990437 IN 85.00 01-Oct-2004 38,250.00 37,832.42 4 0139170112 MD 72.00 01-Oct-2004 216,000.00 213,784.59 4 0139343883 FL 90.00 01-Oct-2004 149,850.00 148,757.51 4 0139396204 MN 95.00 01-Oct-2004 166,250.00 164,861.27 4 0139603435 NJ 90.00 01-Oct-2004 148,500.00 146,754.89 4 0139716559 NV 64.58 01-Oct-2004 155,000.00 153,180.63 4 0139736334 GA 42.47 01-Oct-2004 110,000.00 109,229.14 4 0139738769 OH 100.00 23-Sep-2004 61,000.00 60,489.29 4 0139744007 RI 84.82 01-Oct-2004 237,500.00 234,781.71 4 0139812523 CA 74.85 01-Jan-2005 224,550.00 223,045.16 4 0139946727 NJ 90.00 01-Sep-2004 202,500.00 200,476.82 4 0140238833 IL 70.00 01-Oct-2004 179,900.00 178,069.05 4 0140239674 IL 80.00 01-Oct-2004 163,200.00 161,524.40 4 0140246604 FL 75.00 01-Nov-2004 68,250.00 67,563.06 4 0140354325 WI 80.00 01-Oct-2004 128,000.00 126,513.53 4 0140370453 WI 75.00 01-Sep-2004 62,625.00 62,170.36 4 0140782608 MD 75.00 01-Dec-2004 44,250.00 43,868.53 4 0140831041 AL 80.00 01-Jan-2005 29,600.00 29,322.97 4 0140854035 IL 86.27 01-Dec-2004 176,000.00 174,555.74 4 0140976986 MI 90.00 01-Jan-2005 378,000.00 374,857.04 4 0140980798 CA 60.00 01-Dec-2004 270,000.00 267,092.97 4 0141011031 DC 80.00 01-Jan-2005 170,400.00 169,332.42 4 0141012476 MD 90.00 01-Jan-2005 120,600.00 119,851.15 4 0141055848 CA 70.00 01-Jan-2005 308,000.00 304,952.57 4 0141064022 NY 90.00 01-Jan-2005 432,000.00 427,764.64 4 0141080895 MD 72.41 01-Jan-2005 147,000.00 145,718.16 4 0141081778 MD 68.46 01-Feb-2005 178,000.00 176,516.15 4 0141126979 CA 100.00 01-Jan-2005 300,000.00 297,308.92 4 0141139014 CA 65.00 01-Jan-2005 185,900.00 184,561.26 4 0141147256 FL 90.00 01-Jan-2005 333,000.00 330,436.08 4 0141173625 NJ 95.00 01-Jan-2005 266,000.00 263,594.31 4 0141186916 MD 80.00 01-Jan-2005 224,000.00 221,646.66 4 0141198424 NC 90.00 01-Jan-2005 104,850.00 103,998.78 4 0141217539 VA 68.37 01-Dec-2004 167,500.00 165,984.92 4 0141231514 IL 80.00 01-Jan-2005 392,000.00 387,667.95 4 0141250282 AZ 80.00 01-Jan-2005 125,600.00 124,947.20 4 0141267872 MA 100.00 01-Feb-2005 85,000.00 84,444.71 4 0141272203 RI 79.96 01-Jan-2005 302,250.00 299,950.73 4 0141277657 AL 74.92 01-Jan-2005 233,000.00 231,364.49 4 0141282376 MI 95.00 01-Jan-2005 330,600.00 327,717.30 4 0141289819 CA 100.00 01-Jan-2005 248,000.00 246,032.92 4 0141308437 VA 56.98 01-Feb-2005 126,500.00 125,522.02 4 0141310938 CA 80.00 01-Feb-2005 203,200.00 201,391.86 4 0141320721 NY 85.00 01-Dec-2004 365,500.00 362,114.10 4 0141349639 IL 90.00 01-Jan-2005 146,700.00 145,644.72 4 0141361725 NV 73.68 01-Jan-2005 140,000.00 139,087.36 4 0141370049 OH 80.00 01-Jan-2005 68,000.00 67,566.61 4 0141381731 DE 85.00 01-Feb-2005 112,200.00 111,244.42 4 0141384438 AZ 90.00 01-Jan-2005 135,000.00 133,955.49 4 0141385815 VA 85.00 01-Jan-2005 331,500.00 329,732.48 4 0141391912 WA 85.00 01-Jan-2005 209,100.00 207,319.41 4 0141395285 VA 90.00 01-Jan-2005 364,500.00 361,611.07 4 0141407726 FL 65.88 01-Jan-2005 105,406.00 104,323.68 4 0141419507 NJ 90.00 01-Feb-2005 202,500.00 201,142.00 4 0141434803 CA 89.09 01-Jan-2005 294,000.00 291,692.25 4 0141438531 OH 90.00 01-Jan-2005 94,500.00 93,768.86 4 0141438721 DC 47.37 01-Feb-2005 135,000.00 134,180.70 4 0141441477 AZ 85.00 01-Jan-2005 101,150.00 100,408.05 4 0141446138 NM 80.00 01-Dec-2004 92,000.00 91,329.87 4 0141455774 MN 90.00 01-Jan-2005 291,600.00 289,376.18 4 0141480863 MT 85.00 01-Feb-2005 276,250.00 274,114.42 4 0141483131 CA 90.91 01-Feb-2005 450,000.00 445,465.23 4 0141486811 MD 75.00 01-Feb-2005 127,500.00 126,514.34 4 0141490458 AZ 90.00 01-Feb-2005 85,500.00 84,899.30 4 0141512517 FL 85.00 01-Feb-2005 106,250.00 105,521.38 4 0141516211 NE 80.00 01-Feb-2005 80,000.00 79,308.44 4 0141517631 PA 84.24 01-Feb-2005 139,000.00 137,975.43 4 0141541748 MD 89.36 01-Feb-2005 420,000.00 417,322.70 4 0141546713 SD 80.00 01-Feb-2005 73,840.00 73,341.32 4 0141547141 WI 90.00 01-Jan-2005 166,410.00 164,954.93 4 0141549352 VA 79.47 01-Jan-2005 120,000.00 119,070.03 4 0141549766 NJ 79.52 01-Jan-2005 167,000.00 165,470.58 4 0141550129 AZ 89.77 01-Feb-2005 158,000.00 156,835.40 4 0141560649 MA 64.48 01-Feb-2005 118,000.00 117,150.83 4 0141569384 MD 32.26 01-Feb-2005 100,000.00 99,346.80 4 0141575233 PA 80.00 01-Feb-2005 328,000.00 326,451.20 4 0141621276 DC 78.15 01-Feb-2005 152,000.00 150,932.19 4 0141629386 NV 60.00 01-Feb-2005 160,800.00 159,721.66 4 0141631192 MD 95.00 01-Feb-2005 257,450.00 255,124.85 4 0141659037 NJ 84.17 01-Feb-2005 335,000.00 332,259.19 4 0141664078 HI 93.84 01-Feb-2005 396,000.00 393,323.66 4 0141667493 MN 80.00 01-Feb-2005 264,000.00 262,397.85 4 0141690818 NJ 76.23 01-Feb-2005 170,000.00 168,200.61 4 0141695957 NC 77.92 01-Feb-2005 120,000.00 119,383.85 4 0141702951 CA 75.58 01-Feb-2005 291,000.00 288,616.16 4 0141720235 WI 90.00 01-Feb-2005 135,000.00 133,937.38 4 0141722272 CA 67.18 01-Feb-2005 262,000.00 260,068.85 4 0141778688 MD 76.92 01-Feb-2005 250,000.00 247,954.63 4 0141781963 WI 90.00 01-Jan-2005 162,900.00 161,608.91 4 0141801795 TX 54.29 01-Feb-2005 76,000.00 75,602.78 4 0141839134 IL 90.00 01-Feb-2005 135,000.00 134,028.51 4 0141848465 FL 75.00 01-Feb-2005 123,000.00 122,271.74 4 0141852129 IL 95.00 01-Feb-2005 284,050.00 282,283.17 4 0141880773 MD 75.00 01-Mar-2005 129,000.00 128,454.98 4 0141901157 DC 100.00 01-Feb-2005 399,000.00 396,695.48 4 0141912147 MN 70.21 01-Mar-2005 165,000.00 163,626.45 4 0141914614 CA 78.05 01-Feb-2005 160,000.00 158,690.92 4 0141961953 NV 84.68 01-Feb-2005 525,000.00 520,941.43 4 0141985143 MO 56.68 01-Feb-2005 75,100.00 74,533.05 4 0141986869 FL 89.58 01-Feb-2005 318,000.00 315,922.80 4 0142014844 NJ 90.00 01-Feb-2005 272,700.00 268,057.67 4 0142015593 NJ 83.30 01-Feb-2005 208,250.00 206,842.55 4 0142035567 NJ 58.73 01-Feb-2005 370,000.00 366,857.26 4 0142035948 NC 90.00 01-Mar-2005 71,100.00 70,453.25 4 0142046093 TX 80.00 01-Feb-2005 364,000.00 359,852.05 4 0142059377 AL 80.00 01-Feb-2005 92,000.00 91,337.93 4 0142087949 CA 90.00 01-Mar-2005 351,000.00 348,273.40 4 0142105758 GA 90.00 01-Feb-2005 351,000.00 349,299.86 4 0142119692 MD 95.00 01-Mar-2005 239,400.00 237,858.78 4 0142148717 MN 68.64 01-Mar-2005 232,000.00 230,471.66 4 0142228956 RI 92.93 01-Mar-2005 213,750.00 212,673.28 4 0142229343 NJ 69.57 01-Mar-2005 160,000.00 158,813.69 4 0142247717 PA 85.00 01-Mar-2005 78,200.00 75,713.73 4 0142258094 FL 80.00 01-Mar-2005 200,000.00 198,551.48 4 0142265891 FL 88.03 01-Mar-2005 125,000.00 124,252.07 4 0142439736 WI 89.50 01-Feb-2005 268,500.00 266,861.91
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 2 0139881361 Loan Paid in Full 0 9.875% 360 12 2 0141627406 Loan Paid in Full 0 5.950% 360 8 2 0141674572 Loan Paid in Full 0 7.375% 360 8 2 0141701987 Loan Paid in Full 0 5.750% 360 8 2 0141728014 Loan Paid in Full 0 5.500% 360 8 2 0141734715 Loan Paid in Full 2 8.990% 360 9 2 0141752493 Loan Paid in Full 0 5.900% 360 8 2 0141755363 Loan Paid in Full 0 7.500% 360 8 2 0141833921 Loan Paid in Full 0 7.625% 360 8 2 0141858464 Loan Paid in Full 0 7.500% 360 9 2 0141916387 Loan Paid in Full 0 7.500% 360 8 2 0141927608 Loan Paid in Full 0 6.750% 360 8 2 0141933796 Loan Paid in Full 0 5.875% 360 8 2 0141936815 Loan Paid in Full 0 7.375% 360 7 2 0141938399 Loan Paid in Full 0 6.400% 360 9 2 0141979526 Loan Paid in Full 0 8.000% 360 8 2 0142007772 Loan Paid in Full 0 6.950% 360 8 2 0142010578 Loan Paid in Full 0 6.750% 360 9 2 0142026731 Loan Paid in Full 0 5.750% 360 8 2 0142026988 Loan Paid in Full 0 6.375% 360 8 2 0142051887 Loan Paid in Full 0 7.875% 360 8 2 0142103787 Loan Paid in Full (1) 6.875% 360 9 2 0142158328 Loan Paid in Full 0 9.375% 360 8 3 0137799532 Loan Paid in Full 0 7.750% 360 13 3 0138486097 Loan Paid in Full 0 6.250% 360 14 3 0139273981 Loan Paid in Full 0 7.125% 360 12 3 0139291041 Loan Paid in Full 0 6.625% 360 13 3 0139479356 Loan Paid in Full 0 5.750% 180 13 3 0139616304 Loan Paid in Full 0 7.900% 360 12 3 0139644207 Loan Paid in Full 0 5.950% 360 12 3 0140323619 Loan Paid in Full 0 8.625% 360 9 3 0140719238 Loan Paid in Full 0 5.850% 360 9 3 0140850777 Loan Paid in Full (1) 6.125% 360 9 3 0140887183 Loan Paid in Full 0 5.950% 360 9 3 0140992389 Loan Paid in Full 0 6.990% 360 9 3 0141077677 Loan Paid in Full 0 6.750% 360 9 3 0141101121 Loan Paid in Full 0 7.500% 360 9 3 0141122549 Loan Paid in Full 0 9.625% 360 9 3 0141123554 Loan Paid in Full 0 6.375% 360 9 3 0141150193 Loan Paid in Full 0 6.875% 360 9 3 0141189423 Loan Paid in Full 0 7.500% 360 10 3 0141216978 Loan Paid in Full 0 6.240% 360 9 3 0141225508 Loan Paid in Full 0 7.875% 360 9 3 0141229518 Loan Paid in Full 0 6.625% 360 9 3 0141243725 Loan Paid in Full 0 9.375% 360 9 3 0141254359 Loan Paid in Full 0 6.625% 360 8 3 0141297648 Loan Paid in Full (1) 7.500% 360 9 3 0141348342 Loan Paid in Full 0 7.750% 360 8 3 0141487413 Loan Paid in Full 0 6.350% 360 10 3 0141495689 Loan Paid in Full 0 6.625% 360 8 3 0141527952 Loan Paid in Full 0 8.625% 360 8 3 0141545293 Loan Paid in Full 0 6.950% 360 9 3 0141633198 Loan Paid in Full 0 7.250% 360 8 3 0141641506 Loan Paid in Full 0 6.625% 360 8 3 0141733402 Loan Paid in Full 0 6.125% 360 8 3 0141766477 Loan Paid in Full 0 5.950% 180 8 3 0141776096 Loan Paid in Full 0 10.500% 180 8 3 0141861237 Loan Paid in Full 0 6.190% 360 8 3 0141922286 Loan Paid in Full 0 6.950% 360 8 3 0141955062 Loan Paid in Full 0 6.500% 360 8 3 0142045608 Loan Paid in Full 0 8.250% 360 8 3 0142071497 Loan Paid in Full 0 6.990% 360 8 3 0142235381 Loan Paid in Full 1 9.250% 360 7 3 0142254572 Loan Paid in Full 0 8.750% 360 8 4 0137647566 Loan Paid in Full 0 7.375% 360 15 4 0138323381 Loan Paid in Full 1 6.950% 360 13 4 0138867692 Loan Paid in Full 0 7.750% 360 14 4 0138990437 Loan Paid in Full (1) 6.625% 360 12 4 0139170112 Loan Paid in Full 0 6.950% 360 12 4 0139343883 Loan Paid in Full 0 8.680% 360 12 4 0139396204 Loan Paid in Full 0 8.000% 360 12 4 0139603435 Loan Paid in Full 0 6.250% 360 12 4 0139716559 Loan Paid in Full 0 6.250% 360 12 4 0139736334 Loan Paid in Full 0 8.875% 360 12 4 0139738769 Loan Paid in Full 0 7.990% 360 12 4 0139744007 Loan Paid in Full 0 6.375% 360 12 4 0139812523 Loan Paid in Full 0 7.625% 360 9 4 0139946727 Loan Paid in Full 0 9.000% 360 13 4 0140238833 Loan Paid in Full 0 6.990% 360 12 4 0140239674 Loan Paid in Full 0 7.125% 360 12 4 0140246604 Loan Paid in Full 0 9.990% 360 11 4 0140354325 Loan Paid in Full 0 6.450% 360 12 4 0140370453 Loan Paid in Full 0 10.400% 360 13 4 0140782608 Loan Paid in Full 0 6.875% 360 10 4 0140831041 Loan Paid in Full 0 5.875% 360 9 4 0140854035 Loan Paid in Full 0 7.130% 360 10 4 0140976986 Loan Paid in Full 0 6.500% 360 9 4 0140980798 Loan Paid in Full 0 5.990% 360 10 4 0141011031 Loan Paid in Full 0 7.950% 360 9 4 0141012476 Loan Paid in Full 0 8.000% 360 9 4 0141055848 Loan Paid in Full 0 5.625% 360 9 4 0141064022 Loan Paid in Full 0 5.625% 360 9 4 0141080895 Loan Paid in Full 0 6.250% 360 9 4 0141081778 Loan Paid in Full 0 5.850% 360 8 4 0141126979 Loan Paid in Full 0 6.100% 360 9 4 0141139014 Loan Paid in Full 0 7.375% 360 9 4 0141147256 Loan Paid in Full 0 6.900% 360 9 4 0141173625 Loan Paid in Full 0 6.250% 360 9 4 0141186916 Loan Paid in Full (1) 5.250% 360 9 4 0141198424 Loan Paid in Full 0 6.625% 360 9 4 0141217539 Loan Paid in Full 0 6.625% 360 10 4 0141231514 Loan Paid in Full 0 5.875% 360 9 4 0141250282 Loan Paid in Full 0 8.875% 360 9 4 0141267872 Loan Paid in Full 0 7.125% 360 8 4 0141272203 Loan Paid in Full 0 7.750% 360 9 4 0141277657 Loan Paid in Full 0 7.375% 360 9 4 0141282376 Loan Paid in Full 0 6.250% 360 9 4 0141289819 Loan Paid in Full 0 6.750% 360 9 4 0141308437 Loan Paid in Full 0 6.250% 360 8 4 0141310938 Loan Paid in Full 0 5.500% 360 8 4 0141320721 Loan Paid in Full 3 6.500% 360 10 4 0141349639 Loan Paid in Full 0 7.250% 360 9 4 0141361725 Loan Paid in Full 0 7.750% 360 9 4 0141370049 Loan Paid in Full 0 8.250% 360 9 4 0141381731 Loan Paid in Full 0 5.750% 360 8 4 0141384438 Loan Paid in Full 0 6.875% 360 9 4 0141385815 Loan Paid in Full 0 8.750% 360 9 4 0141391912 Loan Paid in Full 0 6.375% 360 9 4 0141395285 Loan Paid in Full 0 6.750% 360 9 4 0141407726 Loan Paid in Full 0 5.375% 360 9 4 0141419507 Loan Paid in Full 0 6.990% 360 8 4 0141434803 Loan Paid in Full (1) 6.800% 360 9 4 0141438531 Loan Paid in Full 0 6.875% 360 9 4 0141438721 Loan Paid in Full 0 7.500% 360 8 4 0141441477 Loan Paid in Full 0 7.150% 360 9 4 0141446138 Loan Paid in Full 0 7.825% 360 10 4 0141455774 Loan Paid in Full 0 6.950% 360 9 4 0141480863 Loan Paid in Full 0 6.250% 360 8 4 0141483131 Loan Paid in Full 0 7.500% 360 8 4 0141486811 Loan Paid in Full 0 6.250% 360 8 4 0141490458 Loan Paid in Full 0 6.750% 360 8 4 0141512517 Loan Paid in Full 0 6.875% 360 8 4 0141516211 Loan Paid in Full 0 6.125% 360 8 4 0141517631 Loan Paid in Full 0 6.500% 360 8 4 0141541748 Loan Paid in Full 0 7.250% 360 8 4 0141546713 Loan Paid in Full 1 7.750% 360 8 4 0141547141 Loan Paid in Full 0 6.250% 360 9 4 0141549352 Loan Paid in Full 0 7.250% 360 9 4 0141549766 Loan Paid in Full 0 5.990% 360 9 4 0141550129 Loan Paid in Full 0 6.500% 360 8 4 0141560649 Loan Paid in Full 0 6.625% 360 8 4 0141569384 Loan Paid in Full 1 7.125% 360 8 4 0141575233 Loan Paid in Full 0 8.750% 360 8 4 0141621276 Loan Paid in Full 1 6.750% 360 8 4 0141629386 Loan Paid in Full 0 6.990% 360 8 4 0141631192 Loan Paid in Full 0 5.500% 360 8 4 0141659037 Loan Paid in Full 0 5.950% 360 8 4 0141664078 Loan Paid in Full 0 6.950% 360 8 4 0141667493 Loan Paid in Full 0 7.500% 360 8 4 0141690818 Loan Paid in Full 0 5.950% 360 8 4 0141695957 Loan Paid in Full 0 8.625% 360 8 4 0141702951 Loan Paid in Full 0 5.950% 360 8 4 0141720235 Loan Paid in Full 0 6.375% 360 8 4 0141722272 Loan Paid in Full 0 6.500% 360 8 4 0141778688 Loan Paid in Full 0 5.950% 360 8 4 0141781963 Loan Paid in Full 0 6.750% 360 9 4 0141801795 Loan Paid in Full 0 8.250% 360 8 4 0141839134 Loan Paid in Full 0 6.625% 360 8 4 0141848465 Loan Paid in Full 0 7.625% 360 8 4 0141852129 Loan Paid in Full 0 7.375% 360 8 4 0141880773 Loan Paid in Full 0 8.625% 360 7 4 0141901157 Loan Paid in Full 0 7.750% 360 8 4 0141912147 Loan Paid in Full 0 5.125% 360 7 4 0141914614 Loan Paid in Full 0 5.950% 360 8 4 0141961953 Loan Paid in Full 0 6.250% 360 8 4 0141985143 Loan Paid in Full 0 6.375% 360 8 4 0141986869 Loan Paid in Full 0 7.125% 360 8 4 0142014844 Loan Paid in Full (1) 6.750% 360 8 4 0142015593 Loan Paid in Full 0 6.950% 360 8 4 0142035567 Loan Paid in Full 0 5.750% 360 8 4 0142035948 Loan Paid in Full 0 7.500% 360 7 4 0142046093 Loan Paid in Full 0 5.875% 360 8 4 0142059377 Loan Paid in Full 0 6.625% 360 8 4 0142087949 Loan Paid in Full 0 5.500% 360 7 4 0142105758 Loan Paid in Full 0 8.625% 360 8 4 0142119692 Loan Paid in Full 0 6.500% 360 7 4 0142148717 Loan Paid in Full 0 6.375% 360 7 4 0142228956 Loan Paid in Full 0 7.750% 360 7 4 0142229343 Loan Paid in Full 1 5.750% 360 7 4 0142247717 Loan Paid in Full 0 6.750% 360 7 4 0142258094 Loan Paid in Full 0 5.875% 360 7 4 0142265891 Loan Paid in Full 0 6.875% 360 7 4 0142439736 Loan Paid in Full 0 7.750% 360 8
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 3.398% Current Month 33.957% Current Month 1,904.005% 3 Month Average 3.450% 3 Month Average 34.123% 3 Month Average 2,156.181% 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. 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 14.863% N/A May-2005 1,882.501% N/A Jun-2005 21.122% N/A Jun-2005 2,139.163% N/A Jul-2005 40.758% N/A Jul-2005 3,435.817% N/A Aug-2005 26.815% N/A Aug-2005 1,936.962% N/A Sep-2005 41.595% N/A Sep-2005 2,627.578% N/A Oct-2005 33.957% N/A Oct-2005 1,904.005% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 0.019% Current Month 0.231% Current Month 14.693% 3 Month Average 0.918% 3 Month Average 10.028% 3 Month Average 760.437% 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. 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 8.673% N/A May-2005 1,519.275% N/A Jun-2005 0.411% N/A Jun-2005 53.308% N/A Jul-2005 16.544% N/A Jul-2005 1,700.888% N/A Aug-2005 7.433% N/A Aug-2005 633.898% N/A Sep-2005 22.421% N/A Sep-2005 1,632.720% N/A Oct-2005 0.231% N/A Oct-2005 14.693% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 3.277% Current Month 32.957% Current Month 2,106.116% 3 Month Average 3.094% 3 Month Average 31.282% 3 Month Average 2,290.343% 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. 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 16.404% N/A May-2005 2,872.276% N/A Jun-2005 15.974% N/A Jun-2005 2,072.827% N/A Jul-2005 49.824% N/A Jul-2005 5,142.275% N/A Aug-2005 25.075% N/A Aug-2005 2,146.393% N/A Sep-2005 35.812% N/A Sep-2005 2,618.522% N/A Oct-2005 32.957% N/A Oct-2005 2,106.116% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 SMM CPR PSA Current Month 2.747% Current Month 28.411% Current Month 1,418.235% 3 Month Average 2.409% 3 Month Average 25.235% 3 Month Average 1,391.516% 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. 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 8.701% N/A May-2005 867.745% N/A Jun-2005 20.841% N/A Jun-2005 1,739.883% N/A Jul-2005 23.993% N/A Jul-2005 1,714.443% N/A Aug-2005 18.500% N/A Aug-2005 1,156.785% N/A Sep-2005 28.795% N/A Sep-2005 1,599.528% N/A Oct-2005 28.411% N/A Oct-2005 1,418.235% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 SMM CPR PSA Current Month 3.892% Current Month 37.897% Current Month 2,167.412% 3 Month Average 4.092% 3 Month Average 39.061% 3 Month Average 2,526.254% 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. 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 17.148% N/A May-2005 2,251.425% N/A Jun-2005 23.180% N/A Jun-2005 2,413.471% N/A Jul-2005 45.513% N/A Jul-2005 3,937.090% N/A Aug-2005 31.186% N/A Aug-2005 2,305.761% N/A Sep-2005 48.098% N/A Sep-2005 3,105.591% N/A Oct-2005 37.897% N/A Oct-2005 2,167.412% 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 0 0.00 0.00 0.000% 2 0 0.00 0.00 0.000% 3 0 0.00 0.00 0.000% 4 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. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-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. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-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. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-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. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-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. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-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. 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 Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-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)