-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GH85ZzsjbVT0ZDKGb5aLz52KcatCZsDcNoMCH0tVDLo1ko/8CVfs1ZN7AY3tyd/6 RZVudY/FZ9WGQXEyRORtwg== 0001056404-05-003453.txt : 20051005 0001056404-05-003453.hdr.sgml : 20051005 20051005111645 ACCESSION NUMBER: 0001056404-05-003453 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050926 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051005 DATE AS OF CHANGE: 20051005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Home Equity Asset-Backed Securities 2005-1 Trust CENTRAL INDEX KEY: 0001331729 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-121654-01 FILM NUMBER: 051123840 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 8-K 1 wfh05001_10509.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): September 26, 2005 WELLS FARGO HOME EQUITY TRUST Home Equity Asset-Backed Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121654-01 Pooling and Servicing Agreement) (Commission 54-2176815 (State or other File Number) 54-2176816 jurisdiction 54-6671937 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 26, 2005 a distribution was made to holders of WELLS FARGO HOME EQUITY TRUST, Home Equity Asset-Backed Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Asset-Backed Certificates, Series 2005-1 Trust, relating to the September 26, 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. WELLS FARGO HOME EQUITY TRUST Home Equity Asset-Backed Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Servicer By: /s/ Sue Morrison, Vice President By: Sue Morrison as Vice President Date: 9/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Asset-Backed Certificates, Series 2005-1 Trust, relating to the September 26, 2005 distribution. EX-99.1
Wells Fargo Home Equity Trust Home Equity Asset-Backed Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 Wells Fargo Home Equity Trust Home Equity Asset-Backed Certificates Series 2005-1 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution PP 9497ER9B2 PP Prem 0.00000% 0.01 177,337.72 R 9497ER9C0 RES 0.00000% 0.00 0.00 AI-1A 9497ERAM6 SEN 3.86125% 525,015,701.81 1,801,970.56 AI-1B 9497ERAN4 SEN 3.92125% 131,254,418.32 457,494.57 AII-1 9497ERAP9 SEN 3.87125% 377,978,696.41 1,300,666.69 M-1 9497ERAA2 SUB 4.05125% 32,028,000.00 115,336.39 M-2 9497ERAB0 SUB 4.07125% 30,145,000.00 109,091.41 M-3 9497ERAC8 SUB 4.12125% 18,212,000.00 66,716.63 M-4 9497ERAD6 SUB 4.25125% 15,700,000.00 59,328.56 M-5 9497ERAE4 SUB 4.27125% 14,444,000.00 54,839.05 M-6 9497ERAF1 SUB 4.30125% 12,560,000.00 48,021.07 M-7 9497ERAG9 SUB 4.69125% 12,560,000.00 52,375.20 M-8 9497ERAH7 SUB 4.79125% 8,792,000.00 37,444.15 M-9 9497ERAJ3 SUB 5.34125% 12,560,000.00 59,632.09 M-10 9497ERAK0 SUB 6.14125% 12,560,000.00 68,563.64 M-11 9497ERAL8 SUB 6.14125% 7,536,000.00 41,138.19 M-12 9497ERAQ7 SUB 6.14125% 9,420,000.00 51,422.73 M-13 9497ERAR5 SUB 6.14125% 5,024,000.00 27,425.46 M-14 9497ERAS3 SUB 6.04125% 3,768,000.00 20,234.16 CE 9497ER9A4 SUB 0.00000% 9,420,034.63 2,052,548.69 Totals 1,238,977,851.18 6,601,586.96
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses PP 0.00 0.00 0.01 177,337.72 0.00 R 0.00 0.00 0.00 0.00 0.00 AI-1A 7,590,692.03 0.00 517,425,009.79 9,392,662.59 0.00 AI-1B 1,897,680.13 0.00 129,356,738.19 2,355,174.70 0.00 AII-1 8,462,531.03 0.00 369,516,165.38 9,763,197.72 0.00 M-1 0.00 0.00 32,028,000.00 115,336.39 0.00 M-2 0.00 0.00 30,145,000.00 109,091.41 0.00 M-3 0.00 0.00 18,212,000.00 66,716.63 0.00 M-4 0.00 0.00 15,700,000.00 59,328.56 0.00 M-5 0.00 0.00 14,444,000.00 54,839.05 0.00 M-6 0.00 0.00 12,560,000.00 48,021.07 0.00 M-7 0.00 0.00 12,560,000.00 52,375.20 0.00 M-8 0.00 0.00 8,792,000.00 37,444.15 0.00 M-9 0.00 0.00 12,560,000.00 59,632.09 0.00 M-10 0.00 0.00 12,560,000.00 68,563.64 0.00 M-11 0.00 0.00 7,536,000.00 41,138.19 0.00 M-12 0.00 0.00 9,420,000.00 51,422.73 0.00 M-13 0.00 0.00 5,024,000.00 27,425.46 0.00 M-14 0.00 0.00 3,768,000.00 20,234.16 0.00 CE 0.00 0.00 9,420,034.63 2,052,548.69 0.00 Totals 17,950,903.19 0.00 1,221,026,948.00 24,552,490.15 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) PP 0.00 0.01 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 AI-1A 532,610,000.00 525,015,701.81 0.00 7,590,692.03 0.00 0.00 AI-1B 133,153,000.00 131,254,418.32 0.00 1,897,680.13 0.00 0.00 AII-1 385,512,000.00 377,978,696.41 0.00 8,462,531.03 0.00 0.00 M-1 32,028,000.00 32,028,000.00 0.00 0.00 0.00 0.00 M-2 30,145,000.00 30,145,000.00 0.00 0.00 0.00 0.00 M-3 18,212,000.00 18,212,000.00 0.00 0.00 0.00 0.00 M-4 15,700,000.00 15,700,000.00 0.00 0.00 0.00 0.00 M-5 14,444,000.00 14,444,000.00 0.00 0.00 0.00 0.00 M-6 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-7 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-8 8,792,000.00 8,792,000.00 0.00 0.00 0.00 0.00 M-9 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-10 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-11 7,536,000.00 7,536,000.00 0.00 0.00 0.00 0.00 M-12 9,420,000.00 9,420,000.00 0.00 0.00 0.00 0.00 M-13 5,024,000.00 5,024,000.00 0.00 0.00 0.00 0.00 M-14 3,768,000.00 3,768,000.00 0.00 0.00 0.00 0.00 Totals 1,246,584,000.00 1,229,557,816.55 0.00 17,950,903.19 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 PP 0.00 0.01 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 AI-1A 7,590,692.03 517,425,009.79 0.97148948 7,590,692.03 AI-1B 1,897,680.13 129,356,738.19 0.97148948 1,897,680.13 AII-1 8,462,531.03 369,516,165.38 0.95850756 8,462,531.03 M-1 0.00 32,028,000.00 1.00000000 0.00 M-2 0.00 30,145,000.00 1.00000000 0.00 M-3 0.00 18,212,000.00 1.00000000 0.00 M-4 0.00 15,700,000.00 1.00000000 0.00 M-5 0.00 14,444,000.00 1.00000000 0.00 M-6 0.00 12,560,000.00 1.00000000 0.00 M-7 0.00 12,560,000.00 1.00000000 0.00 M-8 0.00 8,792,000.00 1.00000000 0.00 M-9 0.00 12,560,000.00 1.00000000 0.00 M-10 0.00 12,560,000.00 1.00000000 0.00 M-11 0.00 7,536,000.00 1.00000000 0.00 M-12 0.00 9,420,000.00 1.00000000 0.00 M-13 0.00 5,024,000.00 1.00000000 0.00 M-14 0.00 3,768,000.00 1.00000000 0.00 Totals 17,950,903.19 1,211,606,913.37 0.97194165 17,950,903.19
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion PP 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 532,610,000.00 985.74135260 0.00000000 14.25187666 0.00000000 AI-1B 133,153,000.00 985.74135258 0.00000000 14.25187664 0.00000000 AII-1 385,512,000.00 980.45896473 0.00000000 21.95140756 0.00000000 M-1 32,028,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 30,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 18,212,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 14,444,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 8,792,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 7,536,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-12 9,420,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-13 5,024,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-14 3,768,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 9,420,616.84 999.93819831 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 PP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 0.00000000 14.25187666 971.48947596 0.97148948 14.25187666 AI-1B 0.00000000 14.25187664 971.48947594 0.97148948 14.25187664 AII-1 0.00000000 21.95140756 958.50755717 0.95850756 21.95140756 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.93819831 0.99993820 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 PP 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 AI-1A 532,610,000.00 3.86125% 525,015,701.81 1,801,970.56 0.00 0.00 AI-1B 133,153,000.00 3.92125% 131,254,418.32 457,494.57 0.00 0.00 AII-1 385,512,000.00 3.87125% 377,978,696.41 1,300,666.69 0.00 0.00 M-1 32,028,000.00 4.05125% 32,028,000.00 115,336.39 0.00 0.00 M-2 30,145,000.00 4.07125% 30,145,000.00 109,091.41 0.00 0.00 M-3 18,212,000.00 4.12125% 18,212,000.00 66,716.63 0.00 0.00 M-4 15,700,000.00 4.25125% 15,700,000.00 59,328.56 0.00 0.00 M-5 14,444,000.00 4.27125% 14,444,000.00 54,839.05 0.00 0.00 M-6 12,560,000.00 4.30125% 12,560,000.00 48,021.07 0.00 0.00 M-7 12,560,000.00 4.69125% 12,560,000.00 52,375.20 0.00 0.00 M-8 8,792,000.00 4.79125% 8,792,000.00 37,444.15 0.00 0.00 M-9 12,560,000.00 5.34125% 12,560,000.00 59,632.09 0.00 0.00 M-10 12,560,000.00 6.14125% 12,560,000.00 68,563.64 0.00 0.00 M-11 7,536,000.00 6.14125% 7,536,000.00 41,138.19 0.00 0.00 M-12 9,420,000.00 6.14125% 9,420,000.00 51,422.73 0.00 0.00 M-13 5,024,000.00 6.14125% 5,024,000.00 27,425.46 0.00 0.00 M-14 3,768,000.00 6.04125% 3,768,000.00 20,234.16 0.00 0.00 CE 9,420,616.84 0.00000% 9,420,034.63 0.00 0.00 0.00 Totals 1,256,004,616.84 4,371,700.55 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 PP 0.00 0.00 177,337.72 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 AI-1A 0.00 0.00 1,801,970.56 0.00 517,425,009.79 AI-1B 0.00 0.00 457,494.57 0.00 129,356,738.19 AII-1 0.00 0.00 1,300,666.69 0.00 369,516,165.38 M-1 0.00 0.00 115,336.39 0.00 32,028,000.00 M-2 0.00 0.00 109,091.41 0.00 30,145,000.00 M-3 0.00 0.00 66,716.63 0.00 18,212,000.00 M-4 0.00 0.00 59,328.56 0.00 15,700,000.00 M-5 0.00 0.00 54,839.05 0.00 14,444,000.00 M-6 0.00 0.00 48,021.07 0.00 12,560,000.00 M-7 0.00 0.00 52,375.20 0.00 12,560,000.00 M-8 0.00 0.00 37,444.15 0.00 8,792,000.00 M-9 0.00 0.00 59,632.09 0.00 12,560,000.00 M-10 0.00 0.00 68,563.64 0.00 12,560,000.00 M-11 0.00 0.00 41,138.19 0.00 7,536,000.00 M-12 0.00 0.00 51,422.73 0.00 9,420,000.00 M-13 0.00 0.00 27,425.46 0.00 5,024,000.00 M-14 0.00 0.00 20,234.16 0.00 3,768,000.00 CE 0.00 0.00 2,052,548.69 0.00 9,420,034.63 Totals 0.00 0.00 6,601,586.96 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 PP 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 532,610,000.00 3.86125% 985.74135260 3.38328338 0.00000000 0.00000000 AI-1B 133,153,000.00 3.92125% 985.74135258 3.43585627 0.00000000 0.00000000 AII-1 385,512,000.00 3.87125% 980.45896473 3.37386823 0.00000000 0.00000000 M-1 32,028,000.00 4.05125% 1000.00000000 3.60111122 0.00000000 0.00000000 M-2 30,145,000.00 4.07125% 1000.00000000 3.61888904 0.00000000 0.00000000 M-3 18,212,000.00 4.12125% 1000.00000000 3.66333352 0.00000000 0.00000000 M-4 15,700,000.00 4.25125% 1000.00000000 3.77888917 0.00000000 0.00000000 M-5 14,444,000.00 4.27125% 1000.00000000 3.79666644 0.00000000 0.00000000 M-6 12,560,000.00 4.30125% 1000.00000000 3.82333360 0.00000000 0.00000000 M-7 12,560,000.00 4.69125% 1000.00000000 4.17000000 0.00000000 0.00000000 M-8 8,792,000.00 4.79125% 1000.00000000 4.25888876 0.00000000 0.00000000 M-9 12,560,000.00 5.34125% 1000.00000000 4.74777787 0.00000000 0.00000000 M-10 12,560,000.00 6.14125% 1000.00000000 5.45888854 0.00000000 0.00000000 M-11 7,536,000.00 6.14125% 1000.00000000 5.45888933 0.00000000 0.00000000 M-12 9,420,000.00 6.14125% 1000.00000000 5.45888854 0.00000000 0.00000000 M-13 5,024,000.00 6.14125% 1000.00000000 5.45888933 0.00000000 0.00000000 M-14 3,768,000.00 6.04125% 1000.00000000 5.37000000 0.00000000 0.00000000 CE 9,420,616.84 0.00000% 999.93819831 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 PP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 0.00000000 0.00000000 3.38328338 0.00000000 971.48947596 AI-1B 0.00000000 0.00000000 3.43585627 0.00000000 971.48947594 AII-1 0.00000000 0.00000000 3.37386823 0.00000000 958.50755717 M-1 0.00000000 0.00000000 3.60111122 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.61888904 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.66333352 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.77888917 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.79666644 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.82333360 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.17000000 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.25888876 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.74777787 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 5.45888854 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 5.45888933 0.00000000 1000.00000000 M-12 0.00000000 0.00000000 5.45888854 0.00000000 1000.00000000 M-13 0.00000000 0.00000000 5.45888933 0.00000000 1000.00000000 M-14 0.00000000 0.00000000 5.37000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 217.87837515 0.00000000 999.93819831 (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 25,062,328.90 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 250,833.96 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 25,313,162.86 Withdrawals Reimbursement for Servicer Advances 228,944.70 Payment of Service Fee 531,728.01 Payment of Interest and Principal 24,552,490.15 Total Withdrawals (Pool Distribution Amount) 25,313,162.86 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 516,240.79 Credit Risk Management Fee 15,487.22 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 531,728.01
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 219 3 0 0 222 28,301,754.51 340,140.25 0.00 0.00 28,641,894.76 60 Days 47 2 0 0 49 5,889,428.24 87,743.09 0.00 0.00 5,977,171.33 90 Days 2 0 20 0 22 291,276.16 0.00 2,492,539.88 0.00 2,783,816.04 120 Days 0 0 1 0 1 0.00 0.00 89,849.35 0.00 89,849.35 150 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 268 5 21 0 294 34,482,458.91 427,883.34 2,582,389.23 0.00 37,492,731.48 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.970297% 0.040689% 0.000000% 0.000000% 3.010986% 2.317865% 0.027857% 0.000000% 0.000000% 2.345722% 60 Days 0.637461% 0.027126% 0.000000% 0.000000% 0.664587% 0.482334% 0.007186% 0.000000% 0.000000% 0.489520% 90 Days 0.027126% 0.000000% 0.271260% 0.000000% 0.298386% 0.023855% 0.000000% 0.204135% 0.000000% 0.227990% 120 Days 0.000000% 0.000000% 0.013563% 0.000000% 0.013563% 0.000000% 0.000000% 0.007359% 0.000000% 0.007359% 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 3.634884% 0.067815% 0.284823% 0.000000% 3.987522% 2.824054% 0.035043% 0.211493% 0.000000% 3.070590%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1-ARM 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 179 3 0 0 182 19,766,264.61 340,140.25 0.00 0.00 20,106,404.86 60 Days 44 2 0 0 46 5,225,484.53 87,743.09 0.00 0.00 5,313,227.62 90 Days 1 0 17 0 18 89,747.87 0.00 1,736,012.20 0.00 1,825,760.07 120 Days 0 0 1 0 1 0.00 0.00 89,849.35 0.00 89,849.35 150 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 224 5 18 0 247 25,081,497.01 427,883.34 1,825,861.55 0.00 27,335,241.90 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.594378% 0.060241% 0.000000% 0.000000% 3.654618% 3.030192% 0.052144% 0.000000% 0.000000% 3.082336% 60 Days 0.883534% 0.040161% 0.000000% 0.000000% 0.923695% 0.801073% 0.013451% 0.000000% 0.000000% 0.814524% 90 Days 0.020080% 0.000000% 0.341365% 0.000000% 0.361446% 0.013758% 0.000000% 0.266133% 0.000000% 0.279891% 120 Days 0.000000% 0.000000% 0.020080% 0.000000% 0.020080% 0.000000% 0.000000% 0.013774% 0.000000% 0.013774% 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 4.497992% 0.100402% 0.361446% 0.000000% 4.959839% 3.845024% 0.065595% 0.279907% 0.000000% 4.190526% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1-Fixed 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 13 0 0 0 13 1,249,675.52 0.00 0.00 0.00 1,249,675.52 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 13 0 0 0 13 1,249,675.52 0.00 0.00 0.00 1,249,675.52 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.399354% 0.000000% 0.000000% 0.000000% 1.399354% 1.006796% 0.000000% 0.000000% 0.000000% 1.006796% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.399354% 0.000000% 0.000000% 0.000000% 1.399354% 1.006796% 0.000000% 0.000000% 0.000000% 1.006796% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2-ARM 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 27 0 0 0 27 7,285,814.38 0.00 0.00 0.00 7,285,814.38 60 Days 3 0 0 0 3 663,943.71 0.00 0.00 0.00 663,943.71 90 Days 1 0 3 0 4 201,528.29 0.00 756,527.68 0.00 958,055.97 120 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 31 0 3 0 34 8,151,286.38 0.00 756,527.68 0.00 8,907,814.06 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.982379% 0.000000% 0.000000% 0.000000% 1.982379% 1.789426% 0.000000% 0.000000% 0.000000% 1.789426% 60 Days 0.220264% 0.000000% 0.000000% 0.000000% 0.220264% 0.163067% 0.000000% 0.000000% 0.000000% 0.163067% 90 Days 0.073421% 0.000000% 0.220264% 0.000000% 0.293686% 0.049496% 0.000000% 0.185806% 0.000000% 0.235302% 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 2.276065% 0.000000% 0.220264% 0.000000% 2.496329% 2.001989% 0.000000% 0.185806% 0.000000% 2.187795% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2-FIXED 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 250,833.96
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class R 590,241,616.84 46.99358656% 574,245,200.02 47.02969095% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
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 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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. Group 1-ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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. Group 1-Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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. Group 2-ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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. Group 2-FIXED 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 20 Oct-04 0.000% Original Principal Balance 2,502,050.00 Nov-04 0.000% Current Principal Balance 2,492,539.88 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 21 Mar-05 0.000% Original Principal Balance 2,592,050.00 Apr-05 0.000% Current Principal Balance 2,582,389.23 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.007% Sep-05 0.211% *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. Group 1-ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 17 Oct-04 0.000% Original Principal Balance 1,742,630.00 Nov-04 0.000% Current Principal Balance 1,736,012.20 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 18 Mar-05 0.000% Original Principal Balance 1,832,630.00 Apr-05 0.000% Current Principal Balance 1,825,861.55 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.014% Sep-05 0.280% *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. Group 1-Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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. Group 2-ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 3 Oct-04 0.000% Original Principal Balance 759,420.00 Nov-04 0.000% Current Principal Balance 756,527.68 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 3 Mar-05 0.000% Original Principal Balance 759,420.00 Apr-05 0.000% Current Principal Balance 756,527.68 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.186% *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. Group 2-FIXED 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group 1-ARM 0141205732 Sep-2005 01-Jan-2005 MN 90.00 127,800.00 Group 1-ARM 0142328608 Aug-2005 01-May-2005 TX 75.00 90,000.00 Group 1-ARM 0142455104 Sep-2005 01-May-2005 IA 80.00 52,000.00 Group 1-ARM 0142808823 Sep-2005 01-Apr-2005 CA 79.17 190,000.00 Group 1-ARM 0142957695 Sep-2005 01-Apr-2005 FL 80.00 140,000.00 Group 1-ARM 0143137958 Sep-2005 01-May-2005 AK 85.00 96,050.00 Group 1-ARM 0143147882 Sep-2005 01-May-2005 IA 95.00 104,405.00 Group 1-ARM 0143172088 Sep-2005 01-May-2005 NC 89.29 100,000.00 Group 1-ARM 0143204394 Sep-2005 01-Jun-2005 AL 80.00 147,200.00 Group 1-ARM 0143277317 Sep-2005 01-May-2005 LA 80.00 52,800.00 Group 1-ARM 0143438802 Sep-2005 01-May-2005 TX 100.00 142,000.00 Group 1-ARM 0143515443 Sep-2005 01-May-2005 NC 85.00 48,025.00 Group 1-ARM 0143534063 Sep-2005 01-May-2005 TN 90.00 55,800.00 Group 1-ARM 0143760213 Sep-2005 01-Jun-2005 TN 85.00 46,750.00 Group 1-ARM 0143839835 Sep-2005 01-Jun-2005 MO 80.00 120,000.00 Group 1-ARM 0143875045 Sep-2005 01-Jun-2005 MN 70.91 117,000.00 Group 1-ARM 0143965531 Sep-2005 01-Jun-2005 MD 80.00 132,000.00 Group 1-ARM 0144081304 Sep-2005 01-Jun-2005 OH 80.00 70,800.00 Group 2-ARM 0142472646 Sep-2005 01-Apr-2005 AZ 80.00 191,920.00 Group 2-ARM 0143802544 Sep-2005 01-Jun-2005 OR 80.00 216,000.00 Group 2-ARM 0143995637 Sep-2005 01-Jun-2005 DC 95.00 351,500.00
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 0141205732 127,098.90 01-May-2005 3 8.625% 3,447.10 Group 1-ARM 0142328608 89,849.35 01-Apr-2005 4 11.375% 3,259.52 Group 1-ARM 0142455104 51,866.63 01-May-2005 3 9.375% 1,536.19 Group 1-ARM 0142808823 189,140.61 01-May-2005 3 7.500% 4,420.88 Group 1-ARM 0142957695 139,211.57 01-May-2005 3 6.375% 2,732.07 Group 1-ARM 0143137958 95,331.57 01-May-2005 3 7.750% 2,307.75 Group 1-ARM 0143147882 104,086.06 01-May-2005 3 8.750% 2,866.18 Group 1-ARM 0143172088 99,656.53 01-May-2005 3 7.950% 2,478.67 Group 1-ARM 0143204394 146,708.32 01-May-2005 3 6.950% 3,160.21 Group 1-ARM 0143277317 52,634.50 01-May-2005 3 8.950% 1,484.45 Group 1-ARM 0143438802 141,466.42 01-May-2005 3 7.500% 3,306.53 Group 1-ARM 0143515443 47,860.05 01-May-2005 3 7.950% 1,190.38 Group 1-ARM 0143534063 55,624.11 01-May-2005 3 8.375% 1,462.23 Group 1-ARM 0143760213 46,674.67 01-May-2005 3 10.500% 1,557.24 Group 1-ARM 0143839835 119,754.75 01-May-2005 3 9.375% 3,546.85 Group 1-ARM 0143875045 116,778.93 01-May-2005 3 9.750% 3,604.53 Group 1-ARM 0143965531 131,541.55 01-May-2005 3 6.750% 2,745.84 Group 1-ARM 0144081304 70,577.03 01-May-2005 3 7.250% 1,590.82 Group 2-ARM 0142472646 191,114.38 01-May-2005 3 7.875% 3,528.69 Group 2-ARM 0143802544 215,047.76 01-May-2005 3 5.500% 2,694.08 Group 2-ARM 0143995637 350,365.54 01-May-2005 3 7.125% 5,812.37
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 6.737770% Weighted Average Net Coupon 6.237770% Weighted Average Pass-Through Rate 6.237770% Weighted Average Maturity(Stepdown Calculation) 348 Beginning Scheduled Collateral Loan Count 7,446 Number Of Loans Paid In Full 73 Ending Scheduled Collateral Loan Count 7,373 Beginning Scheduled Collateral Balance 1,238,977,851.17 Ending Scheduled Collateral Balance 1,221,026,947.98 Ending Actual Collateral Balance at 31-Aug-2005 1,221,026,947.98 Monthly P&I Constant 8,114,152.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,221,026,947.98 Scheduled Principal 1,157,529.28 Unscheduled Principal 16,793,373.91
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 6.932867 6.847510 6.424409 Weighted Average Net Rate 6.432867 6.347510 5.924409 Weighted Average Maturity 348 348 348 Beginning Loan Count 5,029 932 1,382 Loans Paid In Full 49 3 20 Ending Loan Count 4,980 929 1,362 Beginning Scheduled Balance 661,180,926.15 124,742,020.84 415,413,328.31 Ending Scheduled Balance 652,310,588.56 124,123,986.27 407,159,394.21 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 4,389,122.11 869,041.10 2,613,414.29 Scheduled Principal 569,222.72 157,230.87 389,426.77 Unscheduled Principal 8,301,114.87 460,803.70 7,864,507.33 Scheduled Interest 3,819,899.39 711,810.23 2,223,987.52 Servicing Fees 275,492.05 51,975.84 173,088.90 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 3,544,407.34 659,834.39 2,050,898.62 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 6.432867 6.347510 5.924409
Group Level Collateral Statement Group Group 2-FIXED Total Collateral Description Mixed Fixed Fixed & Mixed ARM Weighted Average Coupon Rate 6.405457 6.737770 Weighted Average Net Rate 5.905456 6.237770 Weighted Average Maturity 347 348 Beginning Loan Count 103 7,446 Loans Paid In Full 1 73 Ending Loan Count 102 7,373 Beginning Scheduled Balance 37,641,575.87 1,238,977,851.17 Ending scheduled Balance 37,432,978.94 1,221,026,947.98 Record Date 08/31/2005 08/31/2005 Principal And Interest Constant 242,575.16 8,114,152.66 Scheduled Principal 41,648.92 1,157,529.28 Unscheduled Principal 166,948.01 16,793,373.91 Scheduled Interest 200,926.24 6,956,623.38 Servicing Fees 15,684.00 516,240.79 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 185,242.24 6,440,382.59 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 5.905457 6.237770
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 49 8,295,385.00 8,269,247.71 0 0.00 0.00 Group 1-Fixed 3 444,200.00 442,839.95 0 0.00 0.00 Group 2-ARM 20 7,872,942.00 7,847,229.86 0 0.00 0.00 Group 2-FIXED 1 163,000.00 162,523.57 0 0.00 0.00 Total 73 16,775,527.00 16,721,841.09 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 31,867.16 Group 1-Fixed 0 0.00 0.00 0 0.00 0.00 17,963.75 Group 2-ARM 0 0.00 0.00 0 0.00 0.00 17,277.47 Group 2-FIXED 0 0.00 0.00 0 0.00 0.00 4,424.44 Total 0 0.00 0.00 0 0.00 0.00 71,532.82
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 0135392546 FL 95.00 01-May-2005 125,946.00 125,568.57 Group 1-ARM 0141060848 NM 85.00 01-May-2005 123,377.00 123,124.84 Group 1-ARM 0142017656 OH 90.00 01-May-2005 59,400.00 59,261.76 Group 1-ARM 0142081918 IL 66.90 01-Mar-2005 97,000.00 96,453.71 Group 1-ARM 0142450063 MD 90.00 01-May-2005 292,500.00 291,298.33 Group 1-ARM 0142569029 VA 100.00 01-May-2005 140,000.00 139,629.93 Group 1-ARM 0142709245 AZ 95.00 01-Apr-2005 197,600.00 196,770.24 Group 1-ARM 0142730092 CA 90.00 01-May-2005 255,600.00 254,524.83 Group 1-ARM 0142891779 IN 99.89 01-May-2005 84,900.00 84,730.95 Group 1-ARM 0142894625 FL 90.00 01-Apr-2005 122,400.00 122,086.04 Group 1-ARM 0142896893 CA 50.78 01-Jun-2005 292,000.00 291,270.63 Group 1-ARM 0142910025 CO 85.00 01-May-2005 280,500.00 279,720.21 Group 1-ARM 0142939875 IN 85.00 01-May-2005 117,300.00 116,973.89 Group 1-ARM 0142945203 AZ 80.00 01-May-2005 133,600.00 133,333.97 Group 1-ARM 0142949643 LA 74.86 01-May-2005 130,250.00 129,648.43 Group 1-ARM 0142973494 NV 80.00 01-May-2005 202,400.00 201,878.37 Group 1-ARM 0143071454 CA 46.32 01-May-2005 132,000.00 131,684.87 Group 1-ARM 0143096048 AZ 90.00 01-Jun-2005 202,500.00 201,953.75 Group 1-ARM 0143100394 MD 70.00 01-May-2005 136,500.00 136,039.15 Group 1-ARM 0143103018 CA 78.73 01-May-2005 248,000.00 246,878.62 Group 1-ARM 0143114775 GA 85.00 01-May-2005 259,250.00 258,598.65 Group 1-ARM 0143125268 NV 85.00 01-Jun-2005 272,000.00 271,037.86 Group 1-ARM 0143157972 NJ 100.00 01-May-2005 78,900.00 78,706.74 Group 1-ARM 0143165108 DC 45.24 01-May-2005 190,000.00 188,873.35 Group 1-ARM 0143204899 IL 85.00 01-May-2005 149,600.00 149,260.77 Group 1-ARM 0143216679 CA 94.63 01-May-2005 194,000.00 193,292.73 Group 1-ARM 0143299972 CA 74.85 01-May-2005 247,000.00 246,166.57 Group 1-ARM 0143313153 MD 80.00 01-May-2005 195,200.00 194,665.43 Group 1-ARM 0143353746 AZ 79.01 01-Jun-2005 128,000.00 127,667.51 Group 1-ARM 0143419091 NV 68.42 01-May-2005 260,000.00 259,329.93 Group 1-ARM 0143447472 AL 75.00 01-May-2005 228,750.00 227,717.77 Group 1-ARM 0143450732 AZ 90.00 01-Jun-2005 141,702.00 141,455.60 Group 1-ARM 0143457158 GA 85.00 01-May-2005 165,750.00 165,379.93 Group 1-ARM 0143469898 MI 75.00 01-Jun-2005 131,250.00 130,874.44 Group 1-ARM 0143594703 AZ 48.11 01-May-2005 216,500.00 215,623.11 Group 1-ARM 0143625499 TN 80.00 01-Jun-2005 45,360.00 45,250.53 Group 1-ARM 0143653962 NJ 45.69 01-Jun-2005 116,500.00 116,238.98 Group 1-ARM 0143658185 CA 67.24 01-Jun-2005 195,000.00 194,244.51 Group 1-ARM 0143680742 NJ 83.79 01-Jun-2005 238,800.00 238,179.69 Group 1-ARM 0143727188 NM 95.00 01-Jun-2005 65,550.00 65,444.54 Group 1-ARM 0143779502 NJ 95.00 01-Jun-2005 129,200.00 128,821.33 Group 1-ARM 0143795813 FL 57.00 01-Jun-2005 91,200.00 91,045.47 Group 1-ARM 0143914224 MN 69.30 01-Jun-2005 149,000.00 148,743.34 Group 1-ARM 0143929511 CA 60.26 01-Jun-2005 235,000.00 234,046.86 Group 1-ARM 0143996429 GA 80.00 01-Jun-2005 112,000.00 111,655.72 Group 1-ARM 0144015435 MD 80.00 01-Jun-2005 348,000.00 347,096.04 Group 1-ARM 0144022431 MD 68.62 01-Jul-2005 144,100.00 143,895.92 Group 1-ARM 0144171055 AZ 100.00 01-Jun-2005 124,000.00 123,767.17 Group 1-ARM 0144178423 ID 53.85 01-Jun-2005 70,000.00 69,336.13 Group 1-Fixed 0143323681 CA 67.80 01-Jun-2005 200,000.00 199,385.27 Group 1-Fixed 0143490241 VA 73.14 01-May-2005 128,000.00 127,606.79 Group 1-Fixed 0143979961 AZ 72.63 01-Jun-2005 116,200.00 115,847.89 Group 2-ARM 0140554049 NV 89.85 01-May-2005 330,948.00 329,682.07 Group 2-ARM 0140727959 CA 80.00 01-Apr-2005 231,395.00 230,267.58 Group 2-ARM 0142526672 CA 75.00 01-May-2005 738,750.00 735,757.88 Group 2-ARM 0143108785 VA 88.91 01-May-2005 385,000.00 383,695.04 Group 2-ARM 0143135036 FL 80.00 01-May-2005 159,920.00 159,599.23 Group 2-ARM 0143146058 LA 90.00 01-May-2005 210,600.00 210,158.18 Group 2-ARM 0143197515 AZ 80.00 01-May-2005 256,217.00 255,305.25 Group 2-ARM 0143229557 CA 90.00 01-May-2005 405,000.00 403,255.90 Group 2-ARM 0143259646 NJ 84.21 01-May-2005 400,000.00 399,203.60 Group 2-ARM 0143271237 MD 80.00 01-May-2005 255,200.00 254,269.64 Group 2-ARM 0143281848 CA 80.00 01-May-2005 347,200.00 345,637.73 Group 2-ARM 0143283687 MD 80.00 01-May-2005 169,520.00 168,789.95 Group 2-ARM 0143470979 MD 80.00 01-May-2005 559,200.00 557,304.59 Group 2-ARM 0143473601 VA 78.53 01-Jun-2005 750,000.00 747,694.75 Group 2-ARM 0143527513 CA 83.13 01-May-2005 565,250.00 563,238.59 Group 2-ARM 0143585891 CA 80.00 01-Jun-2005 224,000.00 223,522.63 Group 2-ARM 0143810182 CA 90.00 01-Jun-2005 378,000.00 377,174.00 Group 2-ARM 0143876852 CA 95.00 01-Jun-2005 513,000.00 511,667.48 Group 2-ARM 0143951614 FL 90.00 01-Jun-2005 668,250.00 666,514.22 Group 2-ARM 0144241072 CA 75.00 01-Jun-2005 325,492.00 324,491.55 Group 2-FIXED 0142909514 VA 56.79 01-May-2005 163,000.00 162,523.57
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1-ARM 0135392546 Loan Paid in Full 0 7.500% 360 4 Group 1-ARM 0141060848 Loan Paid in Full 1 9.375% 360 4 Group 1-ARM 0142017656 Loan Paid in Full 1 8.750% 360 4 Group 1-ARM 0142081918 Loan Paid in Full 0 6.375% 360 6 Group 1-ARM 0142450063 Loan Paid in Full 0 5.875% 360 4 Group 1-ARM 0142569029 Loan Paid in Full 0 8.125% 360 4 Group 1-ARM 0142709245 Loan Paid in Full 0 6.950% 360 5 Group 1-ARM 0142730092 Loan Paid in Full 0 5.750% 360 4 Group 1-ARM 0142891779 Loan Paid in Full 0 9.500% 360 4 Group 1-ARM 0142894625 Loan Paid in Full 0 9.375% 360 5 Group 1-ARM 0142896893 Loan Paid in Full 0 6.950% 360 3 Group 1-ARM 0142910025 Loan Paid in Full 0 7.875% 360 4 Group 1-ARM 0142939875 Loan Paid in Full 0 7.875% 360 4 Group 1-ARM 0142945203 Loan Paid in Full 0 9.500% 360 4 Group 1-ARM 0142949643 Loan Paid in Full 1 5.250% 360 4 Group 1-ARM 0142973494 Loan Paid in Full 0 8.250% 360 4 Group 1-ARM 0143071454 Loan Paid in Full 0 8.625% 360 4 Group 1-ARM 0143096048 Loan Paid in Full 1 6.750% 360 3 Group 1-ARM 0143100394 Loan Paid in Full 0 7.125% 360 4 Group 1-ARM 0143103018 Loan Paid in Full 0 5.750% 360 4 Group 1-ARM 0143114775 Loan Paid in Full 0 8.375% 360 4 Group 1-ARM 0143125268 Loan Paid in Full 0 5.125% 360 3 Group 1-ARM 0143157972 Loan Paid in Full (1) 8.500% 360 4 Group 1-ARM 0143165108 Loan Paid in Full 0 5.250% 360 4 Group 1-ARM 0143204899 Loan Paid in Full 0 8.875% 360 4 Group 1-ARM 0143216679 Loan Paid in Full 0 6.500% 360 4 Group 1-ARM 0143299972 Loan Paid in Full 2 7.375% 360 4 Group 1-ARM 0143313153 Loan Paid in Full 0 7.950% 360 4 Group 1-ARM 0143353746 Loan Paid in Full 0 6.750% 360 3 Group 1-ARM 0143419091 Loan Paid in Full 1 8.250% 360 4 Group 1-ARM 0143447472 Loan Paid in Full 0 5.375% 360 4 Group 1-ARM 0143450732 Loan Paid in Full 0 8.750% 360 3 Group 1-ARM 0143457158 Loan Paid in Full 0 8.950% 360 4 Group 1-ARM 0143469898 Loan Paid in Full 0 6.250% 360 3 Group 1-ARM 0143594703 Loan Paid in Full 0 5.950% 360 4 Group 1-ARM 0143625499 Loan Paid in Full 0 7.125% 360 3 Group 1-ARM 0143653962 Loan Paid in Full 0 7.500% 360 3 Group 1-ARM 0143658185 Loan Paid in Full 0 4.875% 360 3 Group 1-ARM 0143680742 Loan Paid in Full 0 6.750% 360 3 Group 1-ARM 0143727188 Loan Paid in Full 0 9.125% 360 3 Group 1-ARM 0143779502 Loan Paid in Full (1) 6.125% 360 3 Group 1-ARM 0143795813 Loan Paid in Full 0 8.875% 360 3 Group 1-ARM 0143914224 Loan Paid in Full 0 8.875% 360 3 Group 1-ARM 0143929511 Loan Paid in Full 0 4.375% 360 3 Group 1-ARM 0143996429 Loan Paid in Full 0 5.875% 360 3 Group 1-ARM 0144015435 Loan Paid in Full 0 6.750% 360 3 Group 1-ARM 0144022431 Loan Paid in Full 0 7.750% 360 3 Group 1-ARM 0144171055 Loan Paid in Full 0 8.375% 360 3 Group 1-ARM 0144178423 Loan Paid in Full 0 7.375% 360 3 Group 1-Fixed 0143323681 Loan Paid in Full 0 5.875% 360 3 Group 1-Fixed 0143490241 Loan Paid in Full 1 7.375% 360 4 Group 1-Fixed 0143979961 Loan Paid in Full 1 5.950% 360 3 Group 2-ARM 0140554049 Loan Paid in Full 0 6.250% 360 4 Group 2-ARM 0140727959 Loan Paid in Full 0 6.250% 360 5 Group 2-ARM 0142526672 Loan Paid in Full 0 5.950% 360 4 Group 2-ARM 0143108785 Loan Paid in Full 0 6.875% 360 4 Group 2-ARM 0143135036 Loan Paid in Full 0 10.750% 360 4 Group 2-ARM 0143146058 Loan Paid in Full 0 9.250% 360 4 Group 2-ARM 0143197515 Loan Paid in Full 0 6.625% 360 4 Group 2-ARM 0143229557 Loan Paid in Full 0 5.625% 360 4 Group 2-ARM 0143259646 Loan Paid in Full 0 9.500% 360 4 Group 2-ARM 0143271237 Loan Paid in Full 0 6.500% 360 4 Group 2-ARM 0143281848 Loan Paid in Full 0 5.750% 360 4 Group 2-ARM 0143283687 Loan Paid in Full 0 5.625% 360 4 Group 2-ARM 0143470979 Loan Paid in Full 0 6.875% 360 4 Group 2-ARM 0143473601 Loan Paid in Full 0 5.875% 360 3 Group 2-ARM 0143527513 Loan Paid in Full 0 6.625% 360 4 Group 2-ARM 0143585891 Loan Paid in Full 1 7.750% 360 3 Group 2-ARM 0143810182 Loan Paid in Full 0 7.625% 360 3 Group 2-ARM 0143876852 Loan Paid in Full 0 6.750% 360 3 Group 2-ARM 0143951614 Loan Paid in Full 0 6.750% 360 3 Group 2-ARM 0144241072 Loan Paid in Full 0 5.875% 360 3 Group 2-FIXED 0142909514 Loan Paid in Full 0 7.625% 360 4
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 1.357% Current Month 15.119% Current Month 2,107.882% 3 Month Average 0.844% 3 Month Average 9.563% 3 Month Average 1,738.060% 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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 3.993% N/A Jul-2005 1,255.377% N/A Aug-2005 9.578% N/A Aug-2005 1,850.921% N/A Sep-2005 15.119% N/A Sep-2005 2,107.882% 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 1.257% Current Month 14.079% Current Month 1,961.867% 3 Month Average 0.794% 3 Month Average 9.018% 3 Month Average 1,611.510% 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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 2.982% N/A Jul-2005 943.201% N/A Aug-2005 9.992% N/A Aug-2005 1,929.463% N/A Sep-2005 14.079% N/A Sep-2005 1,961.867% 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 0.370% Current Month 4.349% Current Month 616.292% 3 Month Average 0.341% 3 Month Average 4.005% 3 Month Average 927.068% 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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 5.715% N/A Jul-2005 1,778.867% N/A Aug-2005 1.952% N/A Aug-2005 386.045% N/A Sep-2005 4.349% N/A Sep-2005 616.292% 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 1.895% Current Month 20.513% Current Month 2,855.852% 3 Month Average 0.981% 3 Month Average 10.802% 3 Month Average 1,716.352% 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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 11.892% N/A Aug-2005 2,293.205% N/A Sep-2005 20.513% N/A Sep-2005 2,855.852% 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 0.444% Current Month 5.200% Current Month 705.204% 3 Month Average 0.150% 3 Month Average 1.754% 3 Month Average 238.952% 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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 0.063% N/A Aug-2005 11.652% N/A Sep-2005 5.200% N/A Sep-2005 705.204% 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. 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 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 *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. 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 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 *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. 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 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 *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. 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 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 *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. 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 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 *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. 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 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 *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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A 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 *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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A 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 *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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A 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 *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. 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
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