8-K 1 aeg05002_10505.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): May 25, 2005 AEGIS ASSET BACKED SECURITIES TRUST Asset Backed Securities, Series 2005-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-118695-03 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On May 25, 2005 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Asset Backed Securities, Series 2005-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Securities, Series 2005-2 Trust, relating to the May 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. AEGIS ASSET BACKED SECURITIES TRUST Asset Backed Securities, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 5/26/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Securities, Series 2005-2 Trust, relating to the May 25, 2005 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Asset Backed Securities Record Date: 4/29/05 Distribution Date: 5/25/05 AEGIS Asset Backed Securities Trust Asset Backed Securities Series 2005-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1A1 00764MEW3 SEN 3.16000% 181,968,000.00 431,264.16 1,693,265.56 1A2 00764MEX1 SEN 3.26000% 194,917,000.00 476,572.06 0.00 1A3 00764MEY9 SEN 3.39000% 25,495,000.00 64,821.04 0.00 2A1 00764MEZ6 SEN 3.29000% 309,296,000.00 763,187.88 1,085,531.75 2A2 00764MFA0 SEN 3.34000% 77,324,000.00 193,696.62 271,382.94 M1 00764MFB8 SEN 3.48000% 38,500,000.00 100,485.00 0.00 M2 00764MFC6 SEN 3.50000% 34,000,000.00 89,250.00 0.00 M3 00764MFD4 SEN 3.54000% 21,000,000.00 55,755.00 0.00 M4 00764MFE2 SEN 3.69000% 18,500,000.00 51,198.75 0.00 M5 00764MFF9 SEN 3.71000% 18,000,000.00 50,085.00 0.00 M6 00764MFG7 SEN 3.76000% 16,500,000.00 46,530.00 0.00 B1 00764MFH5 SUB 4.29000% 15,000,000.00 48,262.50 0.00 B2 00764MFJ1 SUB 4.41000% 14,000,000.00 46,305.00 0.00 B3 00764MFK8 SUB 4.81000% 11,000,000.00 39,682.50 0.00 N1 00764MFL6 SEN 4.45000% 38,490,000.00 128,460.38 2,789,048.47 N2 00764MFM4 SEN 5.25000% 7,500,000.00 29,531.25 0.00 CE AEG05002C SEN 0.00000% 0.00 0.00 0.00 Totals 1,021,490,000.00 2,615,087.14 5,839,228.72
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 180,274,734.44 2,124,529.72 0.00 1A2 0.00 194,917,000.00 476,572.06 0.00 1A3 0.00 25,495,000.00 64,821.04 0.00 2A1 0.00 308,210,468.25 1,848,719.63 0.00 2A2 0.00 77,052,617.06 465,079.56 0.00 M1 0.00 38,500,000.00 100,485.00 0.00 M2 0.00 34,000,000.00 89,250.00 0.00 M3 0.00 21,000,000.00 55,755.00 0.00 M4 0.00 18,500,000.00 51,198.75 0.00 M5 0.00 18,000,000.00 50,085.00 0.00 M6 0.00 16,500,000.00 46,530.00 0.00 B1 0.00 15,000,000.00 48,262.50 0.00 B2 0.00 14,000,000.00 46,305.00 0.00 B3 0.00 11,000,000.00 39,682.50 0.00 N1 0.00 35,700,951.53 2,917,508.85 0.00 N2 0.00 7,500,000.00 29,531.25 0.00 CE 0.00 0.00 0.00 0.00 Totals 0.00 1,015,650,771.28 8,454,315.86 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1A1 181,968,000.00 181,968,000.00 0.00 1,693,265.56 0.00 0.00 1A2 194,917,000.00 194,917,000.00 0.00 0.00 0.00 0.00 1A3 25,495,000.00 25,495,000.00 0.00 0.00 0.00 0.00 2A1 309,296,000.00 309,296,000.00 0.00 1,085,531.75 0.00 0.00 2A2 77,324,000.00 77,324,000.00 0.00 271,382.94 0.00 0.00 M1 38,500,000.00 38,500,000.00 0.00 0.00 0.00 0.00 M2 34,000,000.00 34,000,000.00 0.00 0.00 0.00 0.00 M3 21,000,000.00 21,000,000.00 0.00 0.00 0.00 0.00 M4 18,500,000.00 18,500,000.00 0.00 0.00 0.00 0.00 M5 18,000,000.00 18,000,000.00 0.00 0.00 0.00 0.00 M6 16,500,000.00 16,500,000.00 0.00 0.00 0.00 0.00 B1 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 B2 14,000,000.00 14,000,000.00 0.00 0.00 0.00 0.00 B3 11,000,000.00 11,000,000.00 0.00 0.00 0.00 0.00 N1 38,490,000.00 38,490,000.00 0.00 2,789,048.47 0.00 0.00 N2 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 CE 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,021,490,000.00 1,021,490,000.00 0.00 5,839,228.72 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 1A1 1,693,265.56 180,274,734.44 0.99069471 1,693,265.56 1A2 0.00 194,917,000.00 1.00000000 0.00 1A3 0.00 25,495,000.00 1.00000000 0.00 2A1 1,085,531.75 308,210,468.25 0.99649031 1,085,531.75 2A2 271,382.94 77,052,617.06 0.99649031 271,382.94 M1 0.00 38,500,000.00 1.00000000 0.00 M2 0.00 34,000,000.00 1.00000000 0.00 M3 0.00 21,000,000.00 1.00000000 0.00 M4 0.00 18,500,000.00 1.00000000 0.00 M5 0.00 18,000,000.00 1.00000000 0.00 M6 0.00 16,500,000.00 1.00000000 0.00 B1 0.00 15,000,000.00 1.00000000 0.00 B2 0.00 14,000,000.00 1.00000000 0.00 B3 0.00 11,000,000.00 1.00000000 0.00 N1 2,789,048.47 35,700,951.53 0.92753836 2,789,048.47 N2 0.00 7,500,000.00 1.00000000 0.00 CE 0.00 0.00 0.00000000 0.00 Totals 5,839,228.72 1,015,650,771.28 0.99428362 5,839,228.72
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 181,968,000.00 1000.00000000 0.00000000 9.30529302 0.00000000 1A2 194,917,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A3 25,495,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A1 309,296,000.00 1000.00000000 0.00000000 3.50968571 0.00000000 2A2 77,324,000.00 1000.00000000 0.00000000 3.50968574 0.00000000 M1 38,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 34,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 21,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 18,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 18,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 16,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 14,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 11,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N1 38,490,000.00 1000.00000000 0.00000000 72.46163861 0.00000000 N2 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A1 0.00000000 9.30529302 990.69470698 0.99069471 9.30529302 1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A1 0.00000000 3.50968571 996.49031429 0.99649031 3.50968571 2A2 0.00000000 3.50968574 996.49031426 0.99649031 3.50968574 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N1 0.00000000 72.46163861 927.53836139 0.92753836 72.46163861 N2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 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 1A1 181,968,000.00 3.16000% 181,968,000.00 431,264.16 0.00 0.00 1A2 194,917,000.00 3.26000% 194,917,000.00 476,572.06 0.00 0.00 1A3 25,495,000.00 3.39000% 25,495,000.00 64,821.04 0.00 0.00 2A1 309,296,000.00 3.29000% 309,296,000.00 763,187.88 0.00 0.00 2A2 77,324,000.00 3.34000% 77,324,000.00 193,696.62 0.00 0.00 M1 38,500,000.00 3.48000% 38,500,000.00 100,485.00 0.00 0.00 M2 34,000,000.00 3.50000% 34,000,000.00 89,250.00 0.00 0.00 M3 21,000,000.00 3.54000% 21,000,000.00 55,755.00 0.00 0.00 M4 18,500,000.00 3.69000% 18,500,000.00 51,198.75 0.00 0.00 M5 18,000,000.00 3.71000% 18,000,000.00 50,085.00 0.00 0.00 M6 16,500,000.00 3.76000% 16,500,000.00 46,530.00 0.00 0.00 B1 15,000,000.00 4.29000% 15,000,000.00 48,262.50 0.00 0.00 B2 14,000,000.00 4.41000% 14,000,000.00 46,305.00 0.00 0.00 B3 11,000,000.00 4.81000% 11,000,000.00 39,682.50 0.00 0.00 N1 38,490,000.00 4.45000% 38,490,000.00 128,460.38 0.00 0.00 N2 7,500,000.00 5.25000% 7,500,000.00 29,531.25 0.00 0.00 CE 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,021,490,000.00 2,615,087.14 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 1A1 0.00 0.00 431,264.16 0.00 180,274,734.44 1A2 0.00 0.00 476,572.06 0.00 194,917,000.00 1A3 0.00 0.00 64,821.04 0.00 25,495,000.00 2A1 0.00 0.00 763,187.88 0.00 308,210,468.25 2A2 0.00 0.00 193,696.62 0.00 77,052,617.06 M1 0.00 0.00 100,485.00 0.00 38,500,000.00 M2 0.00 0.00 89,250.00 0.00 34,000,000.00 M3 0.00 0.00 55,755.00 0.00 21,000,000.00 M4 0.00 0.00 51,198.75 0.00 18,500,000.00 M5 0.00 0.00 50,085.00 0.00 18,000,000.00 M6 0.00 0.00 46,530.00 0.00 16,500,000.00 B1 0.00 0.00 48,262.50 0.00 15,000,000.00 B2 0.00 0.00 46,305.00 0.00 14,000,000.00 B3 0.00 0.00 39,682.50 0.00 11,000,000.00 N1 0.00 0.00 128,460.38 0.00 35,700,951.53 N2 0.00 0.00 29,531.25 0.00 7,500,000.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,615,087.14 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 1A1 181,968,000.00 3.16000% 1000.00000000 2.37000000 0.00000000 0.00000000 1A2 194,917,000.00 3.26000% 1000.00000000 2.44499997 0.00000000 0.00000000 1A3 25,495,000.00 3.39000% 1000.00000000 2.54250010 0.00000000 0.00000000 2A1 309,296,000.00 3.29000% 1000.00000000 2.46750000 0.00000000 0.00000000 2A2 77,324,000.00 3.34000% 1000.00000000 2.50500000 0.00000000 0.00000000 M1 38,500,000.00 3.48000% 1000.00000000 2.61000000 0.00000000 0.00000000 M2 34,000,000.00 3.50000% 1000.00000000 2.62500000 0.00000000 0.00000000 M3 21,000,000.00 3.54000% 1000.00000000 2.65500000 0.00000000 0.00000000 M4 18,500,000.00 3.69000% 1000.00000000 2.76750000 0.00000000 0.00000000 M5 18,000,000.00 3.71000% 1000.00000000 2.78250000 0.00000000 0.00000000 M6 16,500,000.00 3.76000% 1000.00000000 2.82000000 0.00000000 0.00000000 B1 15,000,000.00 4.29000% 1000.00000000 3.21750000 0.00000000 0.00000000 B2 14,000,000.00 4.41000% 1000.00000000 3.30750000 0.00000000 0.00000000 B3 11,000,000.00 4.81000% 1000.00000000 3.60750000 0.00000000 0.00000000 N1 38,490,000.00 4.45000% 1000.00000000 3.33750013 0.00000000 0.00000000 N2 7,500,000.00 5.25000% 1000.00000000 3.93750000 0.00000000 0.00000000 CE 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 1A1 0.00000000 0.00000000 2.37000000 0.00000000 990.69470698 1A2 0.00000000 0.00000000 2.44499997 0.00000000 1000.00000000 1A3 0.00000000 0.00000000 2.54250010 0.00000000 1000.00000000 2A1 0.00000000 0.00000000 2.46750000 0.00000000 996.49031429 2A2 0.00000000 0.00000000 2.50500000 0.00000000 996.49031426 M1 0.00000000 0.00000000 2.61000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.62500000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.65500000 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.76750000 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.78250000 0.00000000 1000.00000000 M6 0.00000000 0.00000000 2.82000000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.21750000 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.30750000 0.00000000 1000.00000000 B3 0.00000000 0.00000000 3.60750000 0.00000000 1000.00000000 N1 0.00000000 0.00000000 3.33750013 0.00000000 927.53836139 N2 0.00000000 0.00000000 3.93750000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 8,839,701.51 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6,037.29 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 25,244.53 Total Deposits 8,870,983.33 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 416,667.47 Payment of Interest and Principal 8,454,315.86 Total Withdrawals (Pool Distribution Amount) 8,870,983.33 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 416,667.47 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 416,667.47
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 DELINQUENCY STATUS 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 5 0 0 0 5 830,086.28 0.00 0.00 0.00 830,086.28 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 5 0 0 0 5 830,086.28 0.00 0.00 0.00 830,086.28 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.063865% 0.000000% 0.000000% 0.000000% 0.063865% 0.083222% 0.000000% 0.000000% 0.000000% 0.083222% 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 0.063865% 0.000000% 0.000000% 0.000000% 0.063865% 0.083222% 0.000000% 0.000000% 0.000000% 0.083222%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6,037.29
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.737769% Weighted Average Net Coupon 7.248287% Weighted Average Pass-Through Rate 7.237769% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 7,848 Number Of Loans Paid In Full 19 Ending Scheduled Collateral Loan Count 7,829 Beginning Scheduled Collateral Balance 1,021,490,000.00 Ending Scheduled Collateral Balance 996,949,819.76 Ending Actual Collateral Balance at 29-Apr-2005 997,435,223.06 Monthly P &I Constant 7,101,572.05 Special Servicing Fee 0.00 Prepayment Penalties 25,244.53 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 653,419.00 Unscheduled Principal 2,398,670.09 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 1,908.85 Specified O/C Amount 24,500,000.00 Overcollateralized Amount 24,500,000.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,919,889.81
Miscellaneous Reporting Cap Contract Amount to Trust 0.00 Swap to Trust 0.00 Swap to Counterparty 642,000.94
Group Level Collateral Statement Group Group 1 ARM Group 1 Fixed Group 2 ARM Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.489855 9.460392 7.612057 Weighted Average Net Rate 6.989855 8.960392 7.112057 Weighted Average Maturity 358 351 358 Beginning Loan Count 2,475 1,132 3,120 Loans Paid In Full 9 2 7 Ending Loan Count 2,466 1,130 3,113 Beginning Scheduled Balance 445,650,951.54 64,210,189.44 415,546,682.03 Ending scheduled Balance 444,156,664.97 64,010,150.78 414,334,836.36 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal And Interest Constant 3,032,777.64 573,628.15 2,887,310.66 Scheduled Principal 251,226.67 67,416.84 251,339.92 Unscheduled Principal 1,243,059.90 132,621.82 960,505.75 Scheduled Interest 2,781,550.97 506,211.31 2,635,970.74 Servicing Fees 185,687.90 26,754.25 173,144.45 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 2,595,863.07 479,457.06 2,462,826.29 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 6.989855 8.960392 7.112057
Group Level Collateral Statement Group Group 2 Fixed Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.436380 7.737769 Weighted Average Net Rate 7.936380 7.248287 Weighted Average Maturity 305 351 Beginning Loan Count 1,121 7,848 Loans Paid In Full 1 19 Ending Loan Count 1,120 7,829 Beginning Scheduled Balance 74,594,085.84 1,000,001,908.85 Ending scheduled Balance 74,448,167.65 996,949,819.76 Record Date 04/29/2005 04/29/2005 Principal And Interest Constant 607,855.60 7,101,572.05 Scheduled Principal 83,435.57 653,419.00 Unscheduled Principal 62,482.62 2,398,670.09 Scheduled Interest 524,420.03 6,448,153.05 Servicing Fees 31,080.87 416,667.47 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 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 493,339.16 6,031,485.58 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 7.936380 7.237769