8-K 1 aeg05002_10507.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): July 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 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN 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 July 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 July 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: 7/27/2005 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 July 25, 2005 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Asset Backed Securities Record Date: 6/30/2005 Distribution Date: 7/25/2005 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 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 1A1 00764MEW3 SEN 3.41438% 174,139,231.35 462,449.17 1A2 00764MEX1 SEN 3.51438% 194,917,000.00 532,787.43 1A3 00764MEY9 SEN 3.64438% 25,495,000.00 72,266.03 2A1 00764MEZ6 SEN 3.54438% 306,293,842.62 844,372.49 2A2 00764MFA0 SEN 3.59438% 76,573,460.66 214,070.98 M1 00764MFB8 SEN 3.73438% 38,500,000.00 111,823.93 M2 00764MFC6 SEN 3.75438% 34,000,000.00 99,282.49 M3 00764MFD4 SEN 3.79438% 21,000,000.00 61,974.87 M4 00764MFE2 SEN 3.94438% 18,500,000.00 56,755.25 M5 00764MFF9 SEN 3.96438% 18,000,000.00 55,501.32 M6 00764MFG7 SEN 4.01438% 16,500,000.00 51,517.88 B1 00764MFH5 SUB 4.54438% 15,000,000.00 53,017.77 B2 00764MFJ1 SUB 4.66438% 14,000,000.00 50,789.92 B3 00764MFK8 SUB 5.06438% 11,000,000.00 43,328.58 N1 00764MFL6 SEN 4.45000% 33,201,899.66 123,123.71 N2 00764MFM4 SEN 5.25000% 7,500,000.00 32,812.50 CE AEG05002C SEN 0.00000% 0.00 0.00 Totals 1,004,620,434.29 2,865,874.32
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A1 5,647,270.79 0.00 168,491,960.56 6,109,719.96 0.00 1A2 0.00 0.00 194,917,000.00 532,787.43 0.00 1A3 0.00 0.00 25,495,000.00 72,266.03 0.00 2A1 4,908,601.52 0.00 301,385,241.10 5,752,974.01 0.00 2A2 1,227,150.38 0.00 75,346,310.28 1,441,221.36 0.00 M1 0.00 0.00 38,500,000.00 111,823.93 0.00 M2 0.00 0.00 34,000,000.00 99,282.49 0.00 M3 0.00 0.00 21,000,000.00 61,974.87 0.00 M4 0.00 0.00 18,500,000.00 56,755.25 0.00 M5 0.00 0.00 18,000,000.00 55,501.32 0.00 M6 0.00 0.00 16,500,000.00 51,517.88 0.00 B1 0.00 0.00 15,000,000.00 53,017.77 0.00 B2 0.00 0.00 14,000,000.00 50,789.92 0.00 B3 0.00 0.00 11,000,000.00 43,328.58 0.00 N1 2,592,557.04 0.00 30,609,342.63 2,715,680.75 0.00 N2 0.00 0.00 7,500,000.00 32,812.50 0.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 14,375,579.73 0.00 990,244,854.57 17,241,454.05 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 181,968,000.00 174,139,231.35 0.00 5,647,270.79 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 309,296,000.00 306,293,842.62 0.00 4,908,601.52 0.00 0.00 2A2 77,324,000.00 76,573,460.66 0.00 1,227,150.38 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 33,201,899.66 0.00 2,592,557.04 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 1,004,620,434.29 0.00 14,375,579.73 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 5,647,270.79 168,491,960.56 0.92594281 5,647,270.79 1A2 0.00 194,917,000.00 1.00000000 0.00 1A3 0.00 25,495,000.00 1.00000000 0.00 2A1 4,908,601.52 301,385,241.10 0.97442334 4,908,601.52 2A2 1,227,150.38 75,346,310.28 0.97442334 1,227,150.38 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 2,592,557.04 30,609,342.63 0.79525442 2,592,557.04 N2 0.00 7,500,000.00 1.00000000 0.00 CE 0.00 0.00 0.00000000 0.00 Totals 14,375,579.73 990,244,854.57 0.96941219 14,375,579.73
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 181,968,000.00 956.97722319 0.00000000 31.03441699 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 309,296,000.00 990.29357838 0.00000000 15.87023925 0.00000000 2A2 77,324,000.00 990.29357845 0.00000000 15.87023925 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 38,490,000.00 862.61105898 0.00000000 67.35663913 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 31.03441699 925.94280621 0.92594281 31.03441699 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 15.87023925 974.42333913 0.97442334 15.87023925 2A2 0.00000000 15.87023925 974.42333920 0.97442334 15.87023925 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 67.35663913 795.25442011 0.79525442 67.35663913 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 3.41438% 174,139,231.35 462,449.17 0.00 0.00 1A2 194,917,000.00 3.51438% 194,917,000.00 532,787.43 0.00 0.00 1A3 25,495,000.00 3.64438% 25,495,000.00 72,266.03 0.00 0.00 2A1 309,296,000.00 3.54438% 306,293,842.62 844,372.49 0.00 0.00 2A2 77,324,000.00 3.59438% 76,573,460.66 214,070.98 0.00 0.00 M1 38,500,000.00 3.73438% 38,500,000.00 111,823.93 0.00 0.00 M2 34,000,000.00 3.75438% 34,000,000.00 99,282.49 0.00 0.00 M3 21,000,000.00 3.79438% 21,000,000.00 61,974.87 0.00 0.00 M4 18,500,000.00 3.94438% 18,500,000.00 56,755.25 0.00 0.00 M5 18,000,000.00 3.96438% 18,000,000.00 55,501.32 0.00 0.00 M6 16,500,000.00 4.01438% 16,500,000.00 51,517.88 0.00 0.00 B1 15,000,000.00 4.54438% 15,000,000.00 53,017.77 0.00 0.00 B2 14,000,000.00 4.66438% 14,000,000.00 50,789.92 0.00 0.00 B3 11,000,000.00 5.06438% 11,000,000.00 43,328.58 0.00 0.00 N1 38,490,000.00 4.45000% 33,201,899.66 123,123.71 0.00 0.00 N2 7,500,000.00 5.25000% 7,500,000.00 32,812.50 0.00 0.00 CE 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,021,490,000.00 2,865,874.32 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 0.00 462,449.17 0.00 168,491,960.56 1A2 0.00 0.00 532,787.43 0.00 194,917,000.00 1A3 0.00 0.00 72,266.03 0.00 25,495,000.00 2A1 0.00 0.00 844,372.49 0.00 301,385,241.10 2A2 0.00 0.00 214,070.98 0.00 75,346,310.28 M1 0.00 0.00 111,823.93 0.00 38,500,000.00 M2 0.00 0.00 99,282.49 0.00 34,000,000.00 M3 0.00 0.00 61,974.87 0.00 21,000,000.00 M4 0.00 0.00 56,755.25 0.00 18,500,000.00 M5 0.00 0.00 55,501.32 0.00 18,000,000.00 M6 0.00 0.00 51,517.88 0.00 16,500,000.00 B1 0.00 0.00 53,017.77 0.00 15,000,000.00 B2 0.00 0.00 50,789.92 0.00 14,000,000.00 B3 0.00 0.00 43,328.58 0.00 11,000,000.00 N1 0.00 0.00 123,123.71 0.00 30,609,342.63 N2 0.00 0.00 32,812.50 0.00 7,500,000.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,865,874.32 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 3.41438% 956.97722319 2.54137634 0.00000000 0.00000000 1A2 194,917,000.00 3.51438% 1000.00000000 2.73340668 0.00000000 0.00000000 1A3 25,495,000.00 3.64438% 1000.00000000 2.83451775 0.00000000 0.00000000 2A1 309,296,000.00 3.54438% 990.29357838 2.72998193 0.00000000 0.00000000 2A2 77,324,000.00 3.59438% 990.29357845 2.76849335 0.00000000 0.00000000 M1 38,500,000.00 3.73438% 1000.00000000 2.90451766 0.00000000 0.00000000 M2 34,000,000.00 3.75438% 1000.00000000 2.92007324 0.00000000 0.00000000 M3 21,000,000.00 3.79438% 1000.00000000 2.95118429 0.00000000 0.00000000 M4 18,500,000.00 3.94438% 1000.00000000 3.06785135 0.00000000 0.00000000 M5 18,000,000.00 3.96438% 1000.00000000 3.08340667 0.00000000 0.00000000 M6 16,500,000.00 4.01438% 1000.00000000 3.12229576 0.00000000 0.00000000 B1 15,000,000.00 4.54438% 1000.00000000 3.53451800 0.00000000 0.00000000 B2 14,000,000.00 4.66438% 1000.00000000 3.62785143 0.00000000 0.00000000 B3 11,000,000.00 5.06438% 1000.00000000 3.93896182 0.00000000 0.00000000 N1 38,490,000.00 4.45000% 862.61105898 3.19884931 0.00000000 0.00000000 N2 7,500,000.00 5.25000% 1000.00000000 4.37500000 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 2.54137634 0.00000000 925.94280621 1A2 0.00000000 0.00000000 2.73340668 0.00000000 1000.00000000 1A3 0.00000000 0.00000000 2.83451775 0.00000000 1000.00000000 2A1 0.00000000 0.00000000 2.72998193 0.00000000 974.42333913 2A2 0.00000000 0.00000000 2.76849335 0.00000000 974.42333920 M1 0.00000000 0.00000000 2.90451766 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.92007324 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.95118429 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.06785135 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.08340667 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.12229576 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.53451800 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.62785143 0.00000000 1000.00000000 B3 0.00000000 0.00000000 3.93896182 0.00000000 1000.00000000 N1 0.00000000 0.00000000 3.19884931 0.00000000 795.25442011 N2 0.00000000 0.00000000 4.37500000 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 17,404,809.57 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 165,442.96 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 132,988.08 Total Deposits 17,703,240.61 Withdrawals Reimbursement for Servicer Advances 49,945.50 Payment of Service Fee 411,841.06 Payment of Interest and Principal 17,241,454.05 Total Withdrawals (Pool Distribution Amount) 17,703,240.61 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 411,841.06 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 411,841.06
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 17 0 0 17 1,553,966.14 0.00 0.00 1,553,966.14 30 Days 138 0 0 0 138 17,824,506.08 0.00 0.00 0.00 17,824,506.08 60 Days 33 0 4 0 37 4,104,819.12 0.00 505,974.54 0.00 4,610,793.66 90 Days 0 0 5 0 5 0.00 0.00 830,086.28 0.00 830,086.28 120 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 171 17 9 0 197 21,929,325.20 1,553,966.14 1,336,060.82 0.00 24,819,352.16 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 0.219780% 0.000000% 0.000000% 0.219780% 0.159015% 0.000000% 0.000000% 0.159015% 30 Days 1.784098% 0.000000% 0.000000% 0.000000% 1.784098% 1.823955% 0.000000% 0.000000% 0.000000% 1.823955% 60 Days 0.426632% 0.000000% 0.051713% 0.000000% 0.478345% 0.420040% 0.000000% 0.051776% 0.000000% 0.471816% 90 Days 0.000000% 0.000000% 0.064641% 0.000000% 0.064641% 0.000000% 0.000000% 0.084941% 0.000000% 0.084941% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.210730% 0.219780% 0.116354% 0.000000% 2.546865% 2.243995% 0.159015% 0.136717% 0.000000% 2.539727%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 165,442.96
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 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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 9 Aug-04 0.000% Original Principal Balance 1,336,562.00 Sep-04 0.000% Current Principal Balance 1,336,060.82 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 9 Jan-05 0.000% Original Principal Balance 1,336,562.00 Feb-05 0.000% Current Principal Balance 1,336,060.82 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.137% *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 Group 1 ARM 0500031703 Jul-2005 01-Feb-2005 MI 80.00 232,000.00 Group 1 ARM 0500032198 Jul-2005 01-Feb-2005 TX 90.00 266,512.00 Group 1 ARM 0500032701 Jul-2005 01-Feb-2005 MO 80.00 120,000.00 Group 1 ARM 0500037353 Jul-2005 01-Apr-2005 NY 75.00 243,750.00 Group 2 ARM 0200122588 Jul-2005 01-Apr-2005 PA 94.95 86,400.00 Group 2 ARM 0400091351 Jul-2005 01-Mar-2005 MI 80.00 90,000.00 Group 2 ARM 0400100152 Jul-2005 01-Apr-2005 TX 79.88 67,900.00 Group 2 ARM 0500037676 Jul-2005 01-Mar-2005 GA 80.00 108,000.00 Group 2 Fixed 0500032628 Jul-2005 01-Mar-2005 GA 84.43 122,000.00
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 1 ARM 0500031703 231,800.25 01-Feb-2005 3 6.750% 3,612.40 Group 1 ARM 0500032198 266,375.27 01-Feb-2005 3 9.300% 5,851.08 Group 1 ARM 0500032701 119,910.76 01-Feb-2005 3 7.490% 2,090.70 Group 1 ARM 0500037353 243,750.00 01-Mar-2005 2 9.990% 5,777.81 Group 2 ARM 0200122588 86,400.00 01-Mar-2005 2 9.000% 1,833.99 Group 2 ARM 0400091351 90,000.00 01-Feb-2005 3 10.460% 2,238.29 Group 2 ARM 0400100152 67,900.00 01-Mar-2005 2 11.080% 1,794.41 Group 2 ARM 0500037676 107,924.54 01-Mar-2005 2 7.800% 1,966.84 Group 2 Fixed 0500032628 122,000.00 01-Feb-2005 3 9.400% 2,710.37
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.738022% Weighted Average Net Coupon 7.238021% Weighted Average Pass-Through Rate 7.234365% Weighted Average Maturity(Stepdown Calculation) 349 Beginning Scheduled Collateral Loan Count 7,792 Number Of Loans Paid In Full 57 Ending Scheduled Collateral Loan Count 7,735 Beginning Scheduled Collateral Balance 988,418,534.63 Ending Scheduled Collateral Balance 976,635,511.94 Ending Actual Collateral Balance at 30-Jun-2005 977,244,934.37 Monthly P&I Constant 7,030,630.81 Special Servicing Fee 0.00 Prepayment Penalties 132,988.08 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 656,960.32 Unscheduled Principal 11,126,062.37 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 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 2,602,834.88
Miscellaneous Reporting Cap Contract Amount to Trust 12,670.29 Swap to Trust 0.00 Swap to Counterparty 633,689.01
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 7.489166 9.455262 7.611581 Weighted Average Net Rate 6.989166 8.955262 7.111581 Weighted Average Maturity 356 349 356 Beginning Loan Count 2,448 1,126 3,100 Loans Paid In Full 24 0 30 Ending Loan Count 2,424 1,126 3,070 Beginning Scheduled Balance 438,351,845.02 63,679,467.64 412,106,344.42 Ending Scheduled Balance 432,781,453.47 63,602,588.40 406,466,762.54 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 2,986,740.85 569,936.72 2,867,204.83 Scheduled Principal 250,999.29 68,181.70 253,220.68 Unscheduled Principal 5,319,392.26 8,697.54 5,386,361.20 Scheduled Interest 2,735,741.56 501,755.02 2,613,984.15 Servicing Fees 182,646.60 26,533.11 171,710.98 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 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,553,094.96 475,221.91 2,442,273.17 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 6.989166 8.955262 7.111581
Group Level Collateral Statement Group Group 2 Fixed Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.435922 7.738022 Weighted Average Net Rate 7.935922 7.238021 Weighted Average Maturity 303 349 Beginning Loan Count 1,118 7,792 Loans Paid In Full 3 57 Ending Loan Count 1,115 7,735 Beginning Scheduled Balance 74,280,877.55 988,418,534.63 Ending scheduled Balance 73,784,707.53 976,635,511.94 Record Date 06/30/2005 06/30/2005 Principal And Interest Constant 606,748.41 7,030,630.81 Scheduled Principal 84,558.65 656,960.32 Unscheduled Principal 411,611.37 11,126,062.37 Scheduled Interest 522,189.76 6,373,670.49 Servicing Fees 30,950.37 411,841.06 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 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 491,239.39 5,961,829.43 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 7.935922 7.234365
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 Group 1 ARM 24 5,309,375.00 5,302,409.71 0 0.00 0.00 Group 1 Fixed 0 0.00 0.00 0 0.00 0.00 Group 2 ARM 30 5,374,002.00 5,365,369.18 0 0.00 0.00 Group 2 Fixed 3 407,700.00 406,075.04 0 0.00 0.00 Total 57 11,091,077.00 11,073,853.93 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 Group 1 ARM 0 0.00 0.00 0 0.00 0.00 19,397.57 Group 1 Fixed 0 0.00 0.00 0 0.00 0.00 8,697.54 Group 2 ARM 0 0.00 0.00 0 0.00 0.00 23,621.57 Group 2 Fixed 0 0.00 0.00 0 0.00 0.00 6,151.26 Total 0 0.00 0.00 0 0.00 0.00 57,867.94
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 ARM 0200109312 MD 50.00 01-Mar-2005 250,000.00 248,864.19 Group 1 ARM 0200113074 MD 36.17 01-Apr-2005 85,000.00 84,806.33 Group 1 ARM 0200122083 FL 74.97 01-Apr-2005 138,700.00 138,280.22 Group 1 ARM 0200124774 CA 78.89 01-Apr-2005 552,200.00 550,319.17 Group 1 ARM 0200127173 MD 75.00 01-May-2005 159,000.00 158,622.67 Group 1 ARM 0200146447 CA 90.00 01-May-2005 256,500.00 256,056.81 Group 1 ARM 0400093340 WI 84.96 01-Apr-2005 97,700.00 97,561.64 Group 1 ARM 0400094686 CT 84.97 01-Apr-2005 148,700.00 148,463.07 Group 1 ARM 0400096285 RI 69.86 01-Apr-2005 153,700.00 153,244.19 Group 1 ARM 0400097309 CA 95.00 01-Apr-2005 285,000.00 284,517.84 Group 1 ARM 0400097853 MA 53.75 01-Apr-2005 136,000.00 135,780.95 Group 1 ARM 0400100475 MA 65.00 01-Apr-2005 106,600.00 106,418.90 Group 1 ARM 0400100558 MD 80.00 01-Apr-2005 108,000.00 107,840.00 Group 1 ARM 0400101523 MN 90.00 01-Apr-2005 126,900.00 126,652.34 Group 1 ARM 0400104576 SC 90.00 01-May-2005 157,500.00 157,034.44 Group 1 ARM 0400104733 WI 64.58 01-May-2005 98,800.00 98,559.99 Group 1 ARM 0400106506 MD 69.46 01-May-2005 218,800.00 218,222.96 Group 1 ARM 0500029244 CA 80.00 01-Feb-2005 376,000.00 376,000.00 Group 1 ARM 0500031190 MI 90.00 01-Feb-2005 333,000.00 332,991.24 Group 1 ARM 0500032263 CA 90.93 01-Jan-2005 511,000.00 511,000.00 Group 1 ARM 0500037924 NY 90.00 01-Mar-2005 45,000.00 44,913.75 Group 1 ARM 0500039011 MA 90.00 01-Feb-2005 279,000.00 278,242.22 Group 1 ARM 0500040761 CA 51.90 01-May-2005 218,000.00 217,326.77 Group 1 ARM 0500043708 VA 80.00 01-May-2005 468,275.00 468,275.00 Group 2 ARM 0200106672 WI 80.00 01-Mar-2005 80,800.00 80,602.31 Group 2 ARM 0200109767 VA 84.96 01-Apr-2005 106,200.00 105,944.66 Group 2 ARM 0200112639 VA 90.00 01-Apr-2005 333,000.00 333,000.00 Group 2 ARM 0200113413 NJ 90.00 01-Apr-2005 256,500.00 255,961.61 Group 2 ARM 0200114841 MA 80.00 01-Apr-2005 320,000.00 319,785.33 Group 2 ARM 0200119642 MI 90.00 01-Apr-2005 121,500.00 121,228.74 Group 2 ARM 0200125508 OH 90.00 01-Apr-2005 105,300.00 105,300.00 Group 2 ARM 0200145480 TX 94.99 01-May-2005 70,200.00 70,063.41 Group 2 ARM 0200146348 AZ 79.96 01-May-2005 134,100.00 134,100.00 Group 2 ARM 0200147494 IL 73.36 01-May-2005 190,000.00 189,570.06 Group 2 ARM 0200149219 OH 85.00 01-May-2005 93,500.00 93,406.68 Group 2 ARM 0400091534 MA 95.00 01-Apr-2005 247,000.00 246,511.72 Group 2 ARM 0400091617 CO 70.00 01-Apr-2005 171,500.00 170,846.47 Group 2 ARM 0400095311 ME 65.00 01-Apr-2005 135,200.00 134,980.65 Group 2 ARM 0400095766 NY 71.43 01-Apr-2005 275,000.00 274,420.94 Group 2 ARM 0400099669 VA 64.10 01-Apr-2005 175,000.00 174,546.25 Group 2 ARM 0400100723 MD 94.61 01-Apr-2005 228,000.00 227,573.81 Group 2 ARM 0400101580 NY 74.94 01-Apr-2005 127,400.00 127,081.76 Group 2 ARM 0400101655 NY 80.00 01-Apr-2005 416,000.00 414,454.18 Group 2 ARM 0400101663 ME 47.62 01-Apr-2005 50,000.00 49,865.27 Group 2 ARM 0400105219 OH 52.41 01-May-2005 72,800.00 71,691.14 Group 2 ARM 0400106621 AZ 92.71 01-May-2005 318,000.00 317,329.61 Group 2 ARM 0400110052 AZ 79.96 01-May-2005 219,900.00 219,480.36 Group 2 ARM 0400111357 AZ 90.00 01-May-2005 166,500.00 166,285.75 Group 2 ARM 0500020979 AZ 80.00 01-Nov-2004 118,820.00 118,820.00 Group 2 ARM 0500022553 MI 80.00 01-Feb-2005 204,800.00 204,451.74 Group 2 ARM 0500029020 AZ 80.00 01-Feb-2005 107,232.00 107,180.60 Group 2 ARM 0500034228 OH 61.70 01-Apr-2005 145,000.00 144,636.77 Group 2 ARM 0500037023 NV 65.00 01-Mar-2005 117,000.00 116,617.91 Group 2 ARM 0500044375 CA 85.00 01-Apr-2005 267,750.00 267,001.90 Group 2 Fixed 0200115095 CA 53.33 01-Apr-2005 128,000.00 126,363.46 Group 2 Fixed 0200146389 AZ 19.97 01-May-2005 33,500.00 33,463.73 Group 2 Fixed 0400102703 OH 74.61 01-May-2005 246,200.00 245,632.92
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 ARM 0200109312 Loan Paid in Full 0 6.530% 360 4 Group 1 ARM 0200113074 Loan Paid in Full (1) 9.720% 360 3 Group 1 ARM 0200122083 Loan Paid in Full 0 7.450% 360 3 Group 1 ARM 0200124774 Loan Paid in Full 0 6.850% 360 3 Group 1 ARM 0200127173 Loan Paid in Full 0 7.210% 360 2 Group 1 ARM 0200146447 Loan Paid in Full 0 8.780% 360 2 Group 1 ARM 0400093340 Loan Paid in Full 0 11.100% 360 3 Group 1 ARM 0400094686 Loan Paid in Full 0 10.550% 360 3 Group 1 ARM 0400096285 Loan Paid in Full 0 7.550% 360 3 Group 1 ARM 0400097309 Loan Paid in Full 0 10.270% 360 3 Group 1 ARM 0400097853 Loan Paid in Full 0 10.500% 360 3 Group 1 ARM 0400100475 Loan Paid in Full (1) 10.250% 360 3 Group 1 ARM 0400100558 Loan Paid in Full 0 10.880% 360 3 Group 1 ARM 0400101523 Loan Paid in Full (1) 9.590% 360 3 Group 1 ARM 0400104576 Loan Paid in Full 0 7.430% 360 2 Group 1 ARM 0400104733 Loan Paid in Full (1) 7.910% 360 2 Group 1 ARM 0400106506 Loan Paid in Full 0 6.670% 360 2 Group 1 ARM 0500029244 Loan Paid in Full 0 7.230% 360 5 Group 1 ARM 0500031190 Loan Paid in Full 0 7.850% 360 5 Group 1 ARM 0500032263 Loan Paid in Full 0 5.990% 360 6 Group 1 ARM 0500037924 Loan Paid in Full 0 10.750% 360 4 Group 1 ARM 0500039011 Loan Paid in Full 0 9.990% 360 5 Group 1 ARM 0500040761 Loan Paid in Full 0 5.850% 360 2 Group 1 ARM 0500043708 Loan Paid in Full 0 6.590% 360 2 Group 2 ARM 0200106672 Loan Paid in Full 0 9.600% 360 4 Group 2 ARM 0200109767 Loan Paid in Full 1 8.590% 360 3 Group 2 ARM 0200112639 Loan Paid in Full 0 8.690% 360 3 Group 2 ARM 0200113413 Loan Paid in Full 1 9.250% 360 3 Group 2 ARM 0200114841 Loan Paid in Full 0 6.700% 360 3 Group 2 ARM 0200119642 Loan Paid in Full 0 8.950% 360 3 Group 2 ARM 0200125508 Loan Paid in Full (1) 7.250% 360 3 Group 2 ARM 0200145480 Loan Paid in Full 0 8.200% 360 2 Group 2 ARM 0200146348 Loan Paid in Full (1) 8.060% 360 2 Group 2 ARM 0200147494 Loan Paid in Full 0 7.450% 360 2 Group 2 ARM 0200149219 Loan Paid in Full 0 9.450% 360 2 Group 2 ARM 0400091534 Loan Paid in Full 0 9.560% 360 3 Group 2 ARM 0400091617 Loan Paid in Full 0 6.270% 360 3 Group 2 ARM 0400095311 Loan Paid in Full 0 10.470% 360 3 Group 2 ARM 0400095766 Loan Paid in Full 0 9.230% 360 3 Group 2 ARM 0400099669 Loan Paid in Full (1) 8.220% 360 3 Group 2 ARM 0400100723 Loan Paid in Full 0 9.800% 360 3 Group 2 ARM 0400101580 Loan Paid in Full 0 8.400% 360 3 Group 2 ARM 0400101655 Loan Paid in Full 0 6.400% 360 3 Group 2 ARM 0400101663 Loan Paid in Full 0 8.030% 360 3 Group 2 ARM 0400105219 Loan Paid in Full (1) 6.120% 360 2 Group 2 ARM 0400106621 Loan Paid in Full 0 7.800% 360 2 Group 2 ARM 0400110052 Loan Paid in Full 0 8.290% 360 2 Group 2 ARM 0400111357 Loan Paid in Full 0 10.280% 360 2 Group 2 ARM 0500020979 Loan Paid in Full 0 7.000% 360 8 Group 2 ARM 0500022553 Loan Paid in Full 0 6.710% 360 5 Group 2 ARM 0500029020 Loan Paid in Full 0 6.450% 360 5 Group 2 ARM 0500034228 Loan Paid in Full 0 8.390% 360 3 Group 2 ARM 0500037023 Loan Paid in Full 0 8.200% 360 4 Group 2 ARM 0500044375 Loan Paid in Full 0 7.850% 360 3 Group 2 Fixed 0200115095 Loan Paid in Full 0 6.950% 180 3 Group 2 Fixed 0200146389 Loan Paid in Full (1) 10.990% 360 2 Group 2 Fixed 0400102703 Loan Paid in Full 0 7.360% 360 2
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 1.126% Current Month 12.710% Current Month 2,325.899% 3 Month Average 0.719% 3 Month Average 8.212% 3 Month Average 2,286.598% 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 2.843% N/A May-2005 1,919.768% N/A Jun-2005 9.083% N/A Jun-2005 2,614.127% N/A Jul-2005 12.710% N/A Jul-2005 2,325.899% 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. Group 1 ARM SMM CPR PSA Current Month 1.214% Current Month 13.636% Current Month 2,459.120% 3 Month Average 0.915% 3 Month Average 10.318% 3 Month Average 2,832.239% 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 3.298% N/A May-2005 2,100.105% N/A Jun-2005 14.020% N/A Jun-2005 3,937.492% N/A Jul-2005 13.636% N/A Jul-2005 2,459.120% 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. Group 1 Fixed SMM CPR PSA Current Month 0.014% Current Month 0.164% Current Month 30.558% 3 Month Average 0.210% 3 Month Average 2.480% 3 Month Average 1,086.153% 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 2.453% N/A May-2005 1,794.956% N/A Jun-2005 4.822% N/A Jun-2005 1,432.944% N/A Jul-2005 0.164% N/A Jul-2005 30.558% 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. Group 2 ARM SMM CPR PSA Current Month 1.308% Current Month 14.613% Current Month 2,710.030% 3 Month Average 0.672% 3 Month Average 7.644% 3 Month Average 2,101.007% 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 2.740% N/A May-2005 1,952.480% N/A Jun-2005 5.579% N/A Jun-2005 1,640.510% N/A Jul-2005 14.613% N/A Jul-2005 2,710.030% 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. Group 2 Fixed SMM CPR PSA Current Month 0.555% Current Month 6.458% Current Month 1,178.974% 3 Month Average 0.250% 3 Month Average 2.932% 3 Month Average 748.002% 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 1.002% N/A May-2005 680.260% N/A Jun-2005 1.336% N/A Jun-2005 384.771% N/A Jul-2005 6.458% N/A Jul-2005 1,178.974% 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 Group 1 ARM 0 0.00 0.00 0.000% Group 1 Fixed 0 0.00 0.00 0.000% Group 2 ARM 0 0.00 0.00 0.000% Group 2 Fixed 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Group 1 ARM 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Group 1 Fixed MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Group 2 ARM 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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Group 2 Fixed MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *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)