8-K 1 aeg05003_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 AEGIS ASSET BACKED SECURITIES TRUST Asset Backed Securities, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-124934-01 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 October 25, 2005 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Asset Backed Securities, Series 2005-3 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 2005-3 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. AEGIS ASSET BACKED SECURITIES TRUST Asset Backed Securities, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as 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 Securities, Series 2005-3 Trust, relating to the October 25, 2005 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Asset Backed Securities Record Date: 9/30/2005 Distribution Date: 10/25/2005 AEGIS Asset Backed Securities Trust Asset Backed Securities Series 2005-3 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 A1 00764MFN2 SEN 3.93000% 277,835,082.28 879,579.56 A2 00764MFP7 SEN 4.07000% 320,777,000.00 1,051,703.04 A3 00764MFQ5 SEN 4.20000% 40,890,000.00 138,344.50 M1 00764MFR3 MEZ 4.30000% 34,000,000.00 117,772.22 M2 00764MFS1 MEZ 4.31000% 30,175,000.00 104,765.92 M3 00764MFT9 MEZ 4.32000% 19,125,000.00 66,555.00 M4 00764MFU6 MEZ 4.47000% 17,425,000.00 62,744.52 M5 00764MFV4 MEZ 4.50000% 15,725,000.00 57,003.13 M6 00764MFW2 MEZ 4.53000% 15,725,000.00 57,383.15 B1 00764MFX0 SUB 5.03000% 13,600,000.00 55,106.44 B2 00764MFY8 SUB 5.18000% 11,475,000.00 47,882.63 B3 00764MFZ5 SUB 5.63000% 9,350,000.00 42,404.85 N1 00764MGA9 SEN 4.75000% 28,195,333.60 111,606.53 N2 00764MGB7 SEN 6.00000% 8,820,000.00 44,100.00 CE AEG05003C SEN 0.00000% 0.00 0.00 Totals 843,117,415.88 2,836,951.49
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A1 19,666,369.20 0.00 258,168,713.08 20,545,948.76 0.00 A2 0.00 0.00 320,777,000.00 1,051,703.04 0.00 A3 0.00 0.00 40,890,000.00 138,344.50 0.00 M1 0.00 0.00 34,000,000.00 117,772.22 0.00 M2 0.00 0.00 30,175,000.00 104,765.92 0.00 M3 0.00 0.00 19,125,000.00 66,555.00 0.00 M4 0.00 0.00 17,425,000.00 62,744.52 0.00 M5 0.00 0.00 15,725,000.00 57,003.13 0.00 M6 0.00 0.00 15,725,000.00 57,383.15 0.00 B1 0.00 0.00 13,600,000.00 55,106.44 0.00 B2 0.00 0.00 11,475,000.00 47,882.63 0.00 B3 0.00 0.00 9,350,000.00 42,404.85 0.00 N1 2,457,184.98 0.00 25,738,148.63 2,568,791.51 0.00 N2 0.00 0.00 8,820,000.00 44,100.00 0.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 22,123,554.18 0.00 820,993,861.71 24,960,505.67 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) A1 301,758,000.00 277,835,082.28 0.00 19,666,369.20 0.00 0.00 A2 320,777,000.00 320,777,000.00 0.00 0.00 0.00 0.00 A3 40,890,000.00 40,890,000.00 0.00 0.00 0.00 0.00 M1 34,000,000.00 34,000,000.00 0.00 0.00 0.00 0.00 M2 30,175,000.00 30,175,000.00 0.00 0.00 0.00 0.00 M3 19,125,000.00 19,125,000.00 0.00 0.00 0.00 0.00 M4 17,425,000.00 17,425,000.00 0.00 0.00 0.00 0.00 M5 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 M6 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 B1 13,600,000.00 13,600,000.00 0.00 0.00 0.00 0.00 B2 11,475,000.00 11,475,000.00 0.00 0.00 0.00 0.00 B3 9,350,000.00 9,350,000.00 0.00 0.00 0.00 0.00 N1 35,280,000.00 28,195,333.60 0.00 2,457,184.98 0.00 0.00 N2 8,820,000.00 8,820,000.00 0.00 0.00 0.00 0.00 CE 0.00 0.00 0.00 0.00 0.00 0.00 Totals 874,125,000.00 843,117,415.88 0.00 22,123,554.18 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 A1 19,666,369.20 258,168,713.08 0.85554886 19,666,369.20 A2 0.00 320,777,000.00 1.00000000 0.00 A3 0.00 40,890,000.00 1.00000000 0.00 M1 0.00 34,000,000.00 1.00000000 0.00 M2 0.00 30,175,000.00 1.00000000 0.00 M3 0.00 19,125,000.00 1.00000000 0.00 M4 0.00 17,425,000.00 1.00000000 0.00 M5 0.00 15,725,000.00 1.00000000 0.00 M6 0.00 15,725,000.00 1.00000000 0.00 B1 0.00 13,600,000.00 1.00000000 0.00 B2 0.00 11,475,000.00 1.00000000 0.00 B3 0.00 9,350,000.00 1.00000000 0.00 N1 2,457,184.98 25,738,148.63 0.72953936 2,457,184.98 N2 0.00 8,820,000.00 1.00000000 0.00 CE 0.00 0.00 0.00000000 0.00 Totals 22,123,554.18 820,993,861.71 0.93921792 22,123,554.18
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 301,758,000.00 920.72151287 0.00000000 65.17265226 0.00000000 A2 320,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 40,890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 34,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 30,175,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 19,125,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 17,425,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 13,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 11,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 9,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N1 35,280,000.00 799.18746032 0.00000000 69.64810034 0.00000000 N2 8,820,000.00 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 A1 0.00000000 65.17265226 855.54886061 0.85554886 65.17265226 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 69.64810034 729.53936026 0.72953936 69.64810034 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 A1 301,758,000.00 3.93000% 277,835,082.28 879,579.56 0.00 0.00 A2 320,777,000.00 4.07000% 320,777,000.00 1,051,703.04 0.00 0.00 A3 40,890,000.00 4.20000% 40,890,000.00 138,344.50 0.00 0.00 M1 34,000,000.00 4.30000% 34,000,000.00 117,772.22 0.00 0.00 M2 30,175,000.00 4.31000% 30,175,000.00 104,765.92 0.00 0.00 M3 19,125,000.00 4.32000% 19,125,000.00 66,555.00 0.00 0.00 M4 17,425,000.00 4.47000% 17,425,000.00 62,744.52 0.00 0.00 M5 15,725,000.00 4.50000% 15,725,000.00 57,003.13 0.00 0.00 M6 15,725,000.00 4.53000% 15,725,000.00 57,383.15 0.00 0.00 B1 13,600,000.00 5.03000% 13,600,000.00 55,106.44 0.00 0.00 B2 11,475,000.00 5.18000% 11,475,000.00 47,882.63 0.00 0.00 B3 9,350,000.00 5.63000% 9,350,000.00 42,404.85 0.00 0.00 N1 35,280,000.00 4.75000% 28,195,333.60 111,606.53 0.00 0.00 N2 8,820,000.00 6.00000% 8,820,000.00 44,100.00 0.00 0.00 CE 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 874,125,000.00 2,836,951.49 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 A1 0.00 0.00 879,579.56 0.00 258,168,713.08 A2 0.00 0.00 1,051,703.04 0.00 320,777,000.00 A3 0.00 0.00 138,344.50 0.00 40,890,000.00 M1 0.00 0.00 117,772.22 0.00 34,000,000.00 M2 0.00 0.00 104,765.92 0.00 30,175,000.00 M3 0.00 0.00 66,555.00 0.00 19,125,000.00 M4 0.00 0.00 62,744.52 0.00 17,425,000.00 M5 0.00 0.00 57,003.13 0.00 15,725,000.00 M6 0.00 0.00 57,383.15 0.00 15,725,000.00 B1 0.00 0.00 55,106.44 0.00 13,600,000.00 B2 0.00 0.00 47,882.63 0.00 11,475,000.00 B3 0.00 0.00 42,404.85 0.00 9,350,000.00 N1 0.00 0.00 111,606.53 0.00 25,738,148.63 N2 0.00 0.00 44,100.00 0.00 8,820,000.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,836,951.49 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 A1 301,758,000.00 3.93000% 920.72151287 2.91485084 0.00000000 0.00000000 A2 320,777,000.00 4.07000% 1000.00000000 3.27861112 0.00000000 0.00000000 A3 40,890,000.00 4.20000% 1000.00000000 3.38333333 0.00000000 0.00000000 M1 34,000,000.00 4.30000% 1000.00000000 3.46388882 0.00000000 0.00000000 M2 30,175,000.00 4.31000% 1000.00000000 3.47194432 0.00000000 0.00000000 M3 19,125,000.00 4.32000% 1000.00000000 3.48000000 0.00000000 0.00000000 M4 17,425,000.00 4.47000% 1000.00000000 3.60083329 0.00000000 0.00000000 M5 15,725,000.00 4.50000% 1000.00000000 3.62500032 0.00000000 0.00000000 M6 15,725,000.00 4.53000% 1000.00000000 3.64916693 0.00000000 0.00000000 B1 13,600,000.00 5.03000% 1000.00000000 4.05194412 0.00000000 0.00000000 B2 11,475,000.00 5.18000% 1000.00000000 4.17277821 0.00000000 0.00000000 B3 9,350,000.00 5.63000% 1000.00000000 4.53527807 0.00000000 0.00000000 N1 35,280,000.00 4.75000% 799.18746032 3.16345040 0.00000000 0.00000000 N2 8,820,000.00 6.00000% 1000.00000000 5.00000000 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 A1 0.00000000 0.00000000 2.91485084 0.00000000 855.54886061 A2 0.00000000 0.00000000 3.27861112 0.00000000 1000.00000000 A3 0.00000000 0.00000000 3.38333333 0.00000000 1000.00000000 M1 0.00000000 0.00000000 3.46388882 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.47194432 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.48000000 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.60083329 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.62500032 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.64916693 0.00000000 1000.00000000 B1 0.00000000 0.00000000 4.05194412 0.00000000 1000.00000000 B2 0.00000000 0.00000000 4.17277821 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.53527807 0.00000000 1000.00000000 N1 0.00000000 0.00000000 3.16345040 0.00000000 729.53936026 N2 0.00000000 0.00000000 5.00000000 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 24,930,795.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 279,110.23 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 275,254.92 Total Deposits 25,485,160.91 Withdrawals Reimbursement for Servicer Advances 170,130.50 Payment of Service Fee 354,524.74 Payment of Interest and Principal 24,960,505.67 Total Withdrawals (Pool Distribution Amount) 25,485,160.91 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 344,198.78 Credit Risk Manager Fee 10,325.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 354,524.74
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 275,254.92 275,254.92 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 1 0 0 1 172,290.72 0.00 0.00 172,290.72 30 Days 199 0 0 0 199 22,685,365.67 0.00 0.00 0.00 22,685,365.67 60 Days 77 7 0 0 84 8,991,543.59 624,590.05 0.00 0.00 9,616,133.64 90 Days 28 0 11 0 39 3,772,918.11 0.00 1,972,400.00 0.00 5,745,318.11 120 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 304 8 11 0 323 35,449,827.37 796,880.77 1,972,400.00 0.00 38,219,108.14 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 0.014870% 0.000000% 0.000000% 0.014870% 0.021352% 0.000000% 0.000000% 0.021352% 30 Days 2.959108% 0.000000% 0.000000% 0.000000% 2.959108% 2.811413% 0.000000% 0.000000% 0.000000% 2.811413% 60 Days 1.144981% 0.104089% 0.000000% 0.000000% 1.249071% 1.114328% 0.077406% 0.000000% 0.000000% 1.191734% 90 Days 0.416357% 0.000000% 0.163569% 0.000000% 0.579926% 0.467580% 0.000000% 0.244441% 0.000000% 0.712021% 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 4.520446% 0.118959% 0.163569% 0.000000% 4.802974% 4.393322% 0.098758% 0.244441% 0.000000% 4.736521%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Fixed Rate 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 38 0 0 0 38 1,993,280.75 0.00 0.00 0.00 1,993,280.75 60 Days 16 1 0 0 17 571,377.19 39,984.91 0.00 0.00 611,362.10 90 Days 8 0 0 0 8 362,200.00 0.00 0.00 0.00 362,200.00 120 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 62 1 0 0 63 2,926,857.94 39,984.91 0.00 0.00 2,966,842.85 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.857283% 0.000000% 0.000000% 0.000000% 1.857283% 1.649324% 0.000000% 0.000000% 0.000000% 1.649324% 60 Days 0.782014% 0.048876% 0.000000% 0.000000% 0.830890% 0.472781% 0.033085% 0.000000% 0.000000% 0.505867% 90 Days 0.391007% 0.000000% 0.000000% 0.000000% 0.391007% 0.299699% 0.000000% 0.000000% 0.000000% 0.299699% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.030303% 0.048876% 0.000000% 0.000000% 3.079179% 2.421805% 0.033085% 0.000000% 0.000000% 2.454890% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Adjustable Rate 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 1 0 0 1 172,290.72 0.00 0.00 172,290.72 30 Days 161 0 0 0 161 20,692,084.92 0.00 0.00 0.00 20,692,084.92 60 Days 61 6 0 0 67 8,420,166.40 584,605.14 0.00 0.00 9,004,771.54 90 Days 20 0 11 0 31 3,410,718.11 0.00 1,972,400.00 0.00 5,383,118.11 120 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 242 7 11 0 260 32,522,969.43 756,895.86 1,972,400.00 0.00 35,252,265.29 0-29 Days 0.021372% 0.000000% 0.000000% 0.021372% 0.025114% 0.000000% 0.000000% 0.025114% 30 Days 3.440906% 0.000000% 0.000000% 0.000000% 3.440906% 3.016127% 0.000000% 0.000000% 0.000000% 3.016127% 60 Days 1.303697% 0.128233% 0.000000% 0.000000% 1.431930% 1.227343% 0.085213% 0.000000% 0.000000% 1.312557% 90 Days 0.427442% 0.000000% 0.235093% 0.000000% 0.662535% 0.497154% 0.000000% 0.287502% 0.000000% 0.784656% 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 5.172045% 0.149605% 0.235093% 0.000000% 5.556743% 4.740625% 0.110327% 0.287502% 0.000000% 5.138453%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 279,110.23
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. Fixed Rate 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. Adjustable Rate 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 8 Nov-04 0.000% Original Principal Balance 1,280,800.00 Dec-04 0.000% Current Principal Balance 1,280,800.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 11 Apr-05 0.000% Original Principal Balance 1,972,400.00 May-05 0.000% Current Principal Balance 1,972,400.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.084% Oct-05 0.244% *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. Fixed Rate 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. Adjustable Rate 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 8 Nov-04 0.000% Original Principal Balance 1,280,800.00 Dec-04 0.000% Current Principal Balance 1,280,800.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 11 Apr-05 0.000% Original Principal Balance 1,972,400.00 May-05 0.000% Current Principal Balance 1,972,400.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.098% Oct-05 0.288% *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 Adjustable Rate 0200148856 Sep-2005 01-Jun-2005 CA 80.00 200,000.00 Adjustable Rate 0200151561 Sep-2005 01-Jun-2005 MA 80.00 281,600.00 Adjustable Rate 0200154599 Oct-2005 01-Jun-2005 MI 80.00 69,600.00 Adjustable Rate 0200154615 Oct-2005 01-Jun-2005 CA 80.00 256,000.00 Adjustable Rate 0200162667 Oct-2005 01-Jun-2005 IL 80.00 120,000.00 Adjustable Rate 0200166940 Oct-2005 01-Jun-2005 OH 89.86 59,400.00 Adjustable Rate 0200167476 Oct-2005 01-Jun-2005 OH 90.00 62,100.00 Adjustable Rate 0400118568 Sep-2005 01-Jun-2005 MN 70.00 210,000.00 Adjustable Rate 0400119087 Oct-2005 01-Jun-2005 NV 84.41 122,400.00 Adjustable Rate 0400120382 Oct-2005 01-Jun-2005 MA 90.00 123,300.00 Adjustable Rate 0500049218 Oct-2005 01-Jun-2005 GA 80.00 468,000.00
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 Adjustable Rate 0200148856 200,000.00 01-May-2005 3 5.700% 3,457.35 Adjustable Rate 0200151561 281,600.00 01-May-2005 3 6.150% 5,303.48 Adjustable Rate 0200154599 69,600.00 01-May-2005 3 10.140% 2,234.07 Adjustable Rate 0200154615 256,000.00 01-May-2005 3 7.380% 5,870.92 Adjustable Rate 0200162667 120,000.00 01-May-2005 3 6.300% 2,314.51 Adjustable Rate 0200166940 59,400.00 01-May-2005 3 9.850% 1,849.16 Adjustable Rate 0200167476 62,100.00 01-May-2005 3 9.600% 1,881.42 Adjustable Rate 0400118568 210,000.00 01-May-2005 3 10.259% 6,824.09 Adjustable Rate 0400119087 122,400.00 01-May-2005 3 9.744% 3,767.11 Adjustable Rate 0400120382 123,300.00 01-May-2005 3 10.086% 3,935.53 Adjustable Rate 0500049218 468,000.00 01-May-2005 3 6.540% 9,401.15
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.035448% Weighted Average Net Coupon 7.535448% Weighted Average Pass-Through Rate 7.535448% Weighted Average Maturity(Stepdown Calculation) 351 Beginning Scheduled Collateral Loan Count 6,833 Number Of Loans Paid In Full 108 Ending Scheduled Collateral Loan Count 6,725 Beginning Scheduled Collateral Balance 826,077,082.28 Ending Scheduled Collateral Balance 806,410,713.08 Ending Actual Collateral Balance at 30-Sep-2005 806,902,612.58 Monthly P&I Constant 6,016,702.11 Special Servicing Fee 0.00 Prepayment Penalties 275,254.92 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 485,119.40 Unscheduled Principal 19,181,249.80 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 19,975,000.00 Overcollateralized Amount 19,975,000.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,307,676.48
Miscellaneous Reporting Interest Rate Cap Payments 29,960.10 Swap to Trust 0.00 Swap to Counterparty 188,136.91 Current Month LIBOR 3.830000% Next Month's LIBOR 4.037500% A-1 PTR (excl CAP) for Next Distribution 4.137500% A-2 PTR (excl CAP) for Next Distribution 4.277500% A-3 PTR (excl CAP) for Next Distribution 4.407500% B-1 PTR (excl CAP) for Next Distribution 5.237500% B-2 PTR (excl CAP) for Next Distribution 5.387500% B-3 PTR (excl CAP) for Next Distribution 5.837500% M-1 PTR (excl CAP) for Next Distribution 4.507500% M-2 PTR (excl CAP) for Next Distribution 4.517500% M-3 PTR (excl CAP) for Next Distribution 4.527500% M-4 PTR (excl CAP) for Next Distribution 4.470000% M-5 PTR (excl CAP) for Next Distribution 4.707500% M-6 PTR (excl CAP) for Next Distribution 4.737500%
Group Level Collateral Statement Group Fixed Rate Adjustable Rate Total Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 8.978448 7.872091 8.035448 Weighted Average Net Rate 8.478448 7.372091 7.535448 Weighted Average Maturity 323 355 351 Beginning Loan Count 2,057 4,776 6,833 Loans Paid In Full 11 97 108 Ending Loan Count 2,046 4,679 6,725 Beginning Scheduled Balance 121,972,832.58 704,104,249.70 826,077,082.28 Ending Scheduled Balance 120,762,840.79 685,647,872.29 806,410,713.08 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal And Interest Constant 1,017,074.26 4,999,627.85 6,016,702.11 Scheduled Principal 104,468.62 380,650.78 485,119.40 Unscheduled Principal 1,105,523.17 18,075,726.63 19,181,249.80 Scheduled Interest 912,605.64 4,618,977.07 5,531,582.71 Servicing Fees 50,822.01 293,376.77 344,198.78 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 861,783.63 4,325,600.30 5,187,383.93 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.478448 7.372091 7.535448
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 Fixed Rate 11 1,099,600.00 1,096,335.25 0 0.00 0.00 Adjustable Rate 97 18,100,725.00 18,061,387.86 0 0.00 0.00 Total 108 19,200,325.00 19,157,723.11 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 Fixed Rate 0 0.00 0.00 0 0.00 0.00 10,018.90 Adjustable Rate 0 0.00 0.00 0 0.00 0.00 24,354.49 Total 0 0.00 0.00 0 0.00 0.00 34,373.39
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Fixed Rate 0200152973 UT 20.00 01-Jun-2005 65,900.00 65,766.48 Fixed Rate 0200164069 NH 20.00 01-Jun-2005 66,000.00 65,635.90 Fixed Rate 0200164275 AZ 19.98 01-Jun-2005 44,500.00 44,427.35 Fixed Rate 0200165777 MA 68.36 01-Jun-2005 437,500.00 435,992.94 Fixed Rate 0200176907 NC 20.00 01-Jul-2005 110,000.00 109,822.45 Fixed Rate 0400127684 WA 20.00 01-Jul-2005 27,400.00 27,294.84 Fixed Rate 0400129797 NC 20.00 01-Jul-2005 21,600.00 21,229.58 Fixed Rate 0400133518 FL 15.00 01-Jul-2005 23,700.00 23,609.02 Fixed Rate 0500048707 CA 20.00 01-May-2005 87,000.00 86,838.19 Fixed Rate 0500049440 CO 90.00 01-May-2005 189,000.00 188,026.94 Fixed Rate 0500052782 IL 20.00 01-Jun-2005 27,000.00 26,860.58 Adjustable Rate 0200151231 MD 71.11 01-Jun-2005 192,000.00 191,347.21 Adjustable Rate 0200152361 AZ 80.00 01-Jun-2005 116,000.00 115,600.82 Adjustable Rate 0200152940 UT 80.00 01-Jun-2005 263,600.00 262,619.34 Adjustable Rate 0200155299 KY 52.63 01-Jun-2005 50,000.00 49,863.38 Adjustable Rate 0200156388 NV 69.45 01-Jun-2005 253,500.00 253,500.00 Adjustable Rate 0200160398 MO 74.95 01-Jun-2005 83,200.00 82,966.44 Adjustable Rate 0200161610 MI 80.00 01-Jun-2005 56,400.00 56,276.84 Adjustable Rate 0200161685 IL 95.00 01-Jun-2005 218,500.00 217,650.04 Adjustable Rate 0200162394 OH 94.97 01-Jun-2005 181,400.00 180,795.54 Adjustable Rate 0200164051 NH 80.00 01-Jun-2005 264,000.00 263,008.03 Adjustable Rate 0200164267 AZ 79.98 01-Jun-2005 178,100.00 178,100.00 Adjustable Rate 0200166015 MO 80.00 01-Jun-2005 68,000.00 67,811.49 Adjustable Rate 0200168821 IL 80.00 01-Jul-2005 52,800.00 52,630.26 Adjustable Rate 0200170868 FL 85.00 01-Jul-2005 144,500.00 144,135.09 Adjustable Rate 0200174407 CT 74.97 01-Jul-2005 123,700.00 123,342.42 Adjustable Rate 0200174415 MA 72.00 01-Jul-2005 432,000.00 430,815.83 Adjustable Rate 0200176154 CA 90.00 01-Jul-2005 742,500.00 740,594.26 Adjustable Rate 0200176956 NC 80.00 01-Jul-2005 440,000.00 438,722.95 Adjustable Rate 0200177384 VA 59.62 01-Jul-2005 155,000.00 154,549.22 Adjustable Rate 0200182533 RI 80.00 01-Jul-2005 160,000.00 158,382.34 Adjustable Rate 0200183002 IL 90.00 01-Jul-2005 184,500.00 183,881.34 Adjustable Rate 0200183226 FL 89.94 01-Jul-2005 140,400.00 140,400.00 Adjustable Rate 0200184844 IL 77.21 01-Jul-2005 199,200.00 199,200.00 Adjustable Rate 0200186161 CA 80.00 01-Jul-2005 372,000.00 372,000.00 Adjustable Rate 0400114567 MD 60.32 01-Jun-2005 190,000.00 189,493.82 Adjustable Rate 0400114773 MA 64.33 01-Jun-2005 115,800.00 115,365.61 Adjustable Rate 0400114864 AZ 84.98 01-Jun-2005 182,700.00 182,208.38 Adjustable Rate 0400114914 RI 70.00 01-Jun-2005 140,000.00 139,508.28 Adjustable Rate 0400115341 NY 84.96 01-Jun-2005 114,700.00 114,372.54 Adjustable Rate 0400115374 NV 84.98 01-Jun-2005 276,200.00 275,638.76 Adjustable Rate 0400115556 NJ 64.46 01-Jun-2005 238,500.00 237,745.00 Adjustable Rate 0400116067 MD 66.55 01-Jun-2005 550,000.00 548,400.18 Adjustable Rate 0400116448 NV 74.08 01-Jun-2005 177,800.00 177,046.46 Adjustable Rate 0400116885 ME 85.00 01-Jun-2005 159,800.00 159,433.99 Adjustable Rate 0400116927 TN 84.97 01-Jun-2005 148,700.00 148,294.10 Adjustable Rate 0400116968 WI 74.98 01-Jun-2005 183,700.00 183,270.63 Adjustable Rate 0400117180 NY 50.55 01-Jun-2005 156,700.00 156,354.38 Adjustable Rate 0400117891 CT 64.98 01-Jun-2005 151,400.00 151,095.67 Adjustable Rate 0400117974 CA 80.00 01-Jun-2005 228,000.00 227,920.31 Adjustable Rate 0400118188 MA 65.00 01-Jun-2005 140,400.00 139,715.36 Adjustable Rate 0400118329 CA 50.54 01-Jun-2005 318,400.00 316,975.45 Adjustable Rate 0400119145 MA 71.05 01-Jun-2005 216,700.00 215,879.00 Adjustable Rate 0400119426 MA 87.94 01-Jun-2005 222,500.00 222,500.00 Adjustable Rate 0400120465 NY 72.84 01-Jun-2005 128,200.00 127,864.01 Adjustable Rate 0400120812 VA 88.42 01-Jun-2005 252,000.00 251,313.85 Adjustable Rate 0400121752 NH 45.25 01-Jun-2005 60,500.00 60,311.32 Adjustable Rate 0400122669 MN 94.98 01-Jun-2005 166,400.00 165,893.89 Adjustable Rate 0400122677 MA 89.48 01-Jun-2005 379,400.00 377,539.10 Adjustable Rate 0400122958 AZ 74.93 01-Jun-2005 281,000.00 280,335.32 Adjustable Rate 0400123139 AZ 66.18 01-Jun-2005 112,500.00 112,175.68 Adjustable Rate 0400123881 DE 91.94 01-Jun-2005 142,500.00 142,176.04 Adjustable Rate 0400124517 AZ 90.00 01-Jul-2005 115,200.00 115,019.19 Adjustable Rate 0400124657 NJ 65.00 01-Jul-2005 128,700.00 128,418.81 Adjustable Rate 0400124764 WI 85.00 01-Jul-2005 144,500.00 144,293.17 Adjustable Rate 0400124814 MI 75.00 01-Jul-2005 52,500.00 52,393.03 Adjustable Rate 0400124830 MD 70.00 01-Jul-2005 89,600.00 89,421.58 Adjustable Rate 0400126348 NY 74.99 01-Jul-2005 296,200.00 295,268.40 Adjustable Rate 0400126975 NJ 82.65 01-Jul-2005 121,500.00 121,500.00 Adjustable Rate 0400127676 WA 80.00 01-Jul-2005 109,600.00 109,274.72 Adjustable Rate 0400128518 ME 73.17 01-Jul-2005 120,000.00 119,706.10 Adjustable Rate 0400128773 CA 15.20 01-Jul-2005 45,600.00 45,487.54 Adjustable Rate 0400129136 RI 80.00 01-Jul-2005 192,000.00 191,343.22 Adjustable Rate 0400129151 NJ 65.00 01-Jul-2005 162,500.00 162,137.49 Adjustable Rate 0400129219 WI 94.98 01-Jul-2005 200,400.00 200,090.61 Adjustable Rate 0400129532 NC 80.00 01-Jul-2005 86,400.00 86,180.68 Adjustable Rate 0400129730 MD 84.37 01-Jul-2005 212,600.00 212,153.64 Adjustable Rate 0400129755 WI 74.00 01-Jul-2005 99,900.00 99,732.00 Adjustable Rate 0400130548 OH 80.00 01-Jul-2005 104,000.00 103,772.69 Adjustable Rate 0400131579 MD 59.90 01-Jul-2005 116,800.00 116,555.00 Adjustable Rate 0400131777 WI 71.03 01-Jul-2005 103,000.00 102,725.19 Adjustable Rate 0400131843 ME 63.65 01-Jul-2005 127,300.00 127,077.60 Adjustable Rate 0400132114 AZ 82.42 01-Jul-2005 136,000.00 135,753.81 Adjustable Rate 0400132437 AZ 70.00 01-Jul-2005 199,500.00 199,085.04 Adjustable Rate 0400133096 CT 80.00 01-Jul-2005 176,000.00 175,604.61 Adjustable Rate 0400133112 FL 80.00 01-Jul-2005 126,400.00 126,038.58 Adjustable Rate 0400134029 CA 95.00 01-Jul-2005 178,600.00 177,879.07 Adjustable Rate 0400134110 NJ 90.00 01-Jul-2005 270,000.00 269,565.13 Adjustable Rate 0500044557 SC 73.24 01-Apr-2005 93,750.00 93,311.91 Adjustable Rate 0500044656 FL 90.00 01-May-2005 121,500.00 120,878.97 Adjustable Rate 0500044896 CA 70.00 01-Apr-2005 210,000.00 208,712.77 Adjustable Rate 0500045513 AZ 75.61 01-May-2005 124,000.00 123,536.55 Adjustable Rate 0500045877 CA 89.42 01-May-2005 279,000.00 277,967.75 Adjustable Rate 0500046172 SC 70.00 01-Jun-2005 82,600.00 82,389.24 Adjustable Rate 0500046990 IL 60.56 01-May-2005 129,000.00 128,618.93 Adjustable Rate 0500048632 CA 80.00 01-May-2005 348,000.00 348,000.00 Adjustable Rate 0500049721 NC 80.00 01-Jun-2005 212,400.00 211,569.71 Adjustable Rate 0500050380 NV 75.00 01-Jun-2005 313,500.00 312,377.04 Adjustable Rate 0500052238 CT 74.52 01-Jun-2005 117,000.00 116,995.04 Adjustable Rate 0500052337 CA 85.00 01-Jun-2005 340,000.00 339,017.63 Adjustable Rate 0500052709 IL 80.00 01-Jun-2005 108,000.00 107,530.74 Adjustable Rate 0500053566 CA 70.00 01-May-2005 217,000.00 215,917.05 Adjustable Rate 0500053616 CA 56.61 01-May-2005 199,000.00 199,000.00 Adjustable Rate 0500054713 CA 54.17 01-Jun-2005 130,000.00 129,345.19 Adjustable Rate 0500054937 IL 74.57 01-Jun-2005 171,500.00 171,066.99 Adjustable Rate 0500055512 NJ 85.00 01-Jun-2005 303,875.00 303,122.06 Adjustable Rate 0500055520 CA 41.45 01-Jun-2005 160,000.00 159,225.62 Adjustable Rate 0500055835 MI 77.19 01-Jul-2005 220,000.00 219,292.08
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Fixed Rate 0200152973 Loan Paid in Full 0 10.490% 360 4 Fixed Rate 0200164069 Loan Paid in Full 0 11.490% 240 4 Fixed Rate 0200164275 Loan Paid in Full 0 11.490% 360 4 Fixed Rate 0200165777 Loan Paid in Full 0 7.935% 360 4 Fixed Rate 0200176907 Loan Paid in Full 0 10.490% 360 3 Fixed Rate 0400127684 Loan Paid in Full 0 12.500% 240 3 Fixed Rate 0400129797 Loan Paid in Full 0 12.500% 120 3 Fixed Rate 0400133518 Loan Paid in Full (1) 12.500% 240 3 Fixed Rate 0500048707 Loan Paid in Full 0 11.750% 360 5 Fixed Rate 0500049440 Loan Paid in Full 0 6.840% 360 5 Fixed Rate 0500052782 Loan Paid in Full 0 11.990% 240 4 Adjustable Rate 0200151231 Loan Paid in Full 0 8.000% 360 4 Adjustable Rate 0200152361 Loan Paid in Full 0 7.940% 360 4 Adjustable Rate 0200152940 Loan Paid in Full 0 7.550% 360 4 Adjustable Rate 0200155299 Loan Paid in Full 0 9.070% 360 4 Adjustable Rate 0200156388 Loan Paid in Full 0 7.035% 360 4 Adjustable Rate 0200160398 Loan Paid in Full 0 8.940% 360 4 Adjustable Rate 0200161610 Loan Paid in Full 0 10.140% 360 4 Adjustable Rate 0200161685 Loan Paid in Full (1) 7.325% 360 4 Adjustable Rate 0200162394 Loan Paid in Full 0 8.100% 360 4 Adjustable Rate 0200164051 Loan Paid in Full 0 7.500% 360 4 Adjustable Rate 0200164267 Loan Paid in Full 0 8.350% 360 4 Adjustable Rate 0200166015 Loan Paid in Full 0 9.000% 360 4 Adjustable Rate 0200168821 Loan Paid in Full 0 7.990% 360 3 Adjustable Rate 0200170868 Loan Paid in Full 0 8.350% 360 3 Adjustable Rate 0200174407 Loan Paid in Full 0 7.685% 360 3 Adjustable Rate 0200174415 Loan Paid in Full 0 7.945% 360 3 Adjustable Rate 0200176154 Loan Paid in Full 0 8.270% 360 3 Adjustable Rate 0200176956 Loan Paid in Full 0 7.660% 360 3 Adjustable Rate 0200177384 Loan Paid in Full 0 7.650% 360 3 Adjustable Rate 0200182533 Loan Paid in Full 0 9.710% 360 3 Adjustable Rate 0200183002 Loan Paid in Full 0 6.930% 360 3 Adjustable Rate 0200183226 Loan Paid in Full 0 9.690% 360 3 Adjustable Rate 0200184844 Loan Paid in Full 0 7.990% 360 3 Adjustable Rate 0200186161 Loan Paid in Full 0 6.980% 360 3 Adjustable Rate 0400114567 Loan Paid in Full 1 9.200% 360 4 Adjustable Rate 0400114773 Loan Paid in Full 0 7.508% 360 4 Adjustable Rate 0400114864 Loan Paid in Full 0 9.144% 360 4 Adjustable Rate 0400114914 Loan Paid in Full 0 7.838% 360 4 Adjustable Rate 0400115341 Loan Paid in Full 0 8.858% 360 4 Adjustable Rate 0400115374 Loan Paid in Full 0 10.477% 360 4 Adjustable Rate 0400115556 Loan Paid in Full 0 8.359% 360 4 Adjustable Rate 0400116067 Loan Paid in Full 0 8.767% 360 4 Adjustable Rate 0400116448 Loan Paid in Full 0 6.888% 360 4 Adjustable Rate 0400116885 Loan Paid in Full 0 9.919% 360 4 Adjustable Rate 0400116927 Loan Paid in Full 0 9.083% 360 4 Adjustable Rate 0400116968 Loan Paid in Full 0 9.818% 360 4 Adjustable Rate 0400117180 Loan Paid in Full 2 10.092% 360 4 Adjustable Rate 0400117891 Loan Paid in Full 0 10.528% 360 4 Adjustable Rate 0400117974 Loan Paid in Full (1) 6.949% 360 4 Adjustable Rate 0400118188 Loan Paid in Full 0 6.999% 360 4 Adjustable Rate 0400118329 Loan Paid in Full 0 6.609% 360 4 Adjustable Rate 0400119145 Loan Paid in Full 0 8.126% 360 4 Adjustable Rate 0400119426 Loan Paid in Full 0 8.625% 360 4 Adjustable Rate 0400120465 Loan Paid in Full 0 9.271% 360 4 Adjustable Rate 0400120812 Loan Paid in Full 0 9.087% 360 4 Adjustable Rate 0400121752 Loan Paid in Full 0 8.427% 360 4 Adjustable Rate 0400122669 Loan Paid in Full 0 10.289% 360 4 Adjustable Rate 0400122677 Loan Paid in Full 0 6.130% 360 4 Adjustable Rate 0400122958 Loan Paid in Full 2 9.761% 360 4 Adjustable Rate 0400123139 Loan Paid in Full 0 9.645% 360 4 Adjustable Rate 0400123881 Loan Paid in Full 1 9.949% 360 4 Adjustable Rate 0400124517 Loan Paid in Full 0 10.620% 360 3 Adjustable Rate 0400124657 Loan Paid in Full (1) 9.054% 360 3 Adjustable Rate 0400124764 Loan Paid in Full 0 11.047% 360 3 Adjustable Rate 0400124814 Loan Paid in Full 0 9.650% 360 3 Adjustable Rate 0400124830 Loan Paid in Full 0 9.500% 360 3 Adjustable Rate 0400126348 Loan Paid in Full 0 8.487% 360 3 Adjustable Rate 0400126975 Loan Paid in Full 0 8.888% 360 3 Adjustable Rate 0400127676 Loan Paid in Full 0 7.548% 360 3 Adjustable Rate 0400128518 Loan Paid in Full 0 8.500% 360 3 Adjustable Rate 0400128773 Loan Paid in Full 0 9.383% 360 3 Adjustable Rate 0400129136 Loan Paid in Full 0 7.380% 360 3 Adjustable Rate 0400129151 Loan Paid in Full 0 8.954% 360 3 Adjustable Rate 0400129219 Loan Paid in Full 0 10.697% 360 3 Adjustable Rate 0400129532 Loan Paid in Full 0 8.324% 360 3 Adjustable Rate 0400129730 Loan Paid in Full 0 9.246% 360 3 Adjustable Rate 0400129755 Loan Paid in Full 0 10.298% 360 3 Adjustable Rate 0400130548 Loan Paid in Full 0 10.415% 360 3 Adjustable Rate 0400131579 Loan Paid in Full 0 9.250% 360 3 Adjustable Rate 0400131777 Loan Paid in Full 0 8.079% 360 3 Adjustable Rate 0400131843 Loan Paid in Full 0 10.119% 360 3 Adjustable Rate 0400132114 Loan Paid in Full 0 9.952% 360 3 Adjustable Rate 0400132437 Loan Paid in Full 0 9.291% 360 3 Adjustable Rate 0400133096 Loan Paid in Full 0 8.920% 360 3 Adjustable Rate 0400133112 Loan Paid in Full (1) 7.735% 360 3 Adjustable Rate 0400134029 Loan Paid in Full 0 5.968% 360 3 Adjustable Rate 0400134110 Loan Paid in Full 0 10.500% 360 3 Adjustable Rate 0500044557 Loan Paid in Full 0 8.125% 360 6 Adjustable Rate 0500044656 Loan Paid in Full 0 10.700% 360 5 Adjustable Rate 0500044896 Loan Paid in Full 0 6.750% 360 6 Adjustable Rate 0500045513 Loan Paid in Full 0 8.450% 360 5 Adjustable Rate 0500045877 Loan Paid in Full 0 8.500% 360 5 Adjustable Rate 0500046172 Loan Paid in Full 0 9.400% 360 4 Adjustable Rate 0500046990 Loan Paid in Full 2 9.590% 360 5 Adjustable Rate 0500048632 Loan Paid in Full 0 6.500% 360 5 Adjustable Rate 0500049721 Loan Paid in Full 0 7.300% 360 4 Adjustable Rate 0500050380 Loan Paid in Full 0 7.740% 360 4 Adjustable Rate 0500052238 Loan Paid in Full 0 5.990% 360 4 Adjustable Rate 0500052337 Loan Paid in Full 0 8.800% 360 4 Adjustable Rate 0500052709 Loan Paid in Full 0 6.760% 360 4 Adjustable Rate 0500053566 Loan Paid in Full 0 7.000% 360 5 Adjustable Rate 0500053616 Loan Paid in Full 0 6.475% 360 5 Adjustable Rate 0500054713 Loan Paid in Full 0 5.990% 360 4 Adjustable Rate 0500054937 Loan Paid in Full 1 9.450% 360 4 Adjustable Rate 0500055512 Loan Paid in Full 0 9.540% 360 4 Adjustable Rate 0500055520 Loan Paid in Full 1 6.200% 360 4 Adjustable Rate 0500055835 Loan Paid in Full 0 7.140% 360 3
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 2.323% Current Month 24.579% Current Month 3,367.115% 3 Month Average 1.579% 3 Month Average 17.156% 3 Month Average 3,139.822% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 2.976% N/A Jul-2005 2,264.291% N/A Aug-2005 8.691% N/A Aug-2005 2,621.594% N/A Sep-2005 18.197% N/A Sep-2005 3,430.757% N/A Oct-2005 24.579% N/A Oct-2005 3,367.115% 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. Fixed Rate SMM CPR PSA Current Month 0.907% Current Month 10.359% Current Month 1,414.628% 3 Month Average 0.830% 3 Month Average 9.471% 3 Month Average 1,801.741% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.871% N/A Jul-2005 650.375% N/A Aug-2005 5.390% N/A Aug-2005 1,614.755% N/A Sep-2005 12.664% N/A Sep-2005 2,375.841% N/A Oct-2005 10.359% N/A Oct-2005 1,414.628% 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. Adjustable Rate SMM CPR PSA Current Month 2.569% Current Month 26.821% Current Month 3,676.166% 3 Month Average 1.709% 3 Month Average 18.395% 3 Month Average 3,358.612% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 3.333% N/A Jul-2005 2,543.724% N/A Aug-2005 9.247% N/A Aug-2005 2,792.504% N/A Sep-2005 19.116% N/A Sep-2005 3,607.165% N/A Oct-2005 26.821% N/A Oct-2005 3,676.166% 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 Fixed Rate 0 0.00 0.00 0.000% Adjustable Rate 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A 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. Fixed Rate 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A 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. Adjustable Rate 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A 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)