-----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, FCVWOCpF7jbBF6kOZDWKNpxcWFOqfDKDYT6RNpdCY172kbB5QhnA7prOiHT1KIHd z79cVLbvtmXEnhXydsus/A== 0001056404-05-003916.txt : 20051109 0001056404-05-003916.hdr.sgml : 20051109 20051109120556 ACCESSION NUMBER: 0001056404-05-003916 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050725 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051109 DATE AS OF CHANGE: 20051109 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-121654-01 FILM NUMBER: 051188606 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/A 1 wfh05001_10507.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2005 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 Subsequent to filing the 8-K relating to the payment date on July 25, 2005, a revision was made to WELLS FARGO HOME EQUITY TRUST Home Equity Asset-Backed Certificates, Series 2005-1 Trust included in the original 8-K filed. The 8-K is being amended because the original report was calculating the number of days incorrectly which affected the interest amounts. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, website at www.ctslink.com. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Home Equity Asset-Backed Certificates, Series 2005-1 Trust, relating to the July 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 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 as Vice President By: Sue Morrison as Vice President Date: 11/8/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Home Equity Asset-Backed Certificates, Series 2005-1 Trust, relating to the July 25, 2005 distribution. EX-99.1
Wells Fargo Home Equity Trust Home Equity Asset-Backed Certificates Record Date: 6/30/2005 Distribution Date: 7/25/2005 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% 0.00 13,024.27 R 9497ER9C0 RES 0.00000% 0.00 0.00 AI-1A 9497ERAM6 SEN 3.55000% 532,610,000.00 1,365,552.86 AI-1B 9497ERAN4 SEN 3.61000% 133,153,000.00 347,159.46 AII-1 9497ERAP9 SEN 3.56000% 385,512,000.00 991,194.19 M-1 9497ERAA2 SUB 3.74000% 32,028,000.00 86,511.19 M-2 9497ERAB0 SUB 3.76000% 30,145,000.00 81,860.42 M-3 9497ERAC8 SUB 3.81000% 18,212,000.00 50,113.35 M-4 9497ERAD6 SUB 3.94000% 15,700,000.00 44,675.22 M-5 9497ERAE4 SUB 3.96000% 14,444,000.00 41,309.84 M-6 9497ERAF1 SUB 3.99000% 12,560,000.00 36,193.73 M-7 9497ERAG9 SUB 4.38000% 12,560,000.00 39,731.47 M-8 9497ERAH7 SUB 4.48000% 8,792,000.00 28,447.00 M-9 9497ERAJ3 SUB 5.03000% 12,560,000.00 45,627.69 M-10 9497ERAK0 SUB 5.83000% 12,560,000.00 52,884.58 M-11 9497ERAL8 SUB 5.83000% 7,536,000.00 31,730.75 M-12 9497ERAQ7 SUB 5.83000% 9,420,000.00 39,663.43 M-13 9497ERAR5 SUB 5.83000% 5,024,000.00 21,153.83 M-14 9497ERAS3 SUB 5.73000% 3,768,000.00 15,593.24 CE 9497ER9A4 SUB 0.00000% 9,420,616.84 3,198,644.43 Totals 1,256,004,616.84 6,531,070.95
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 13,024.27 0.00 R 0.00 0.00 0.00 0.00 0.00 AI-1A 2,186,043.53 0.00 530,423,956.47 3,551,596.39 0.00 AI-1B 546,512.93 0.00 132,606,487.07 893,672.39 0.00 AII-1 2,689,520.32 0.00 382,822,479.68 3,680,714.51 0.00 M-1 0.00 0.00 32,028,000.00 86,511.19 0.00 M-2 0.00 0.00 30,145,000.00 81,860.42 0.00 M-3 0.00 0.00 18,212,000.00 50,113.35 0.00 M-4 0.00 0.00 15,700,000.00 44,675.22 0.00 M-5 0.00 0.00 14,444,000.00 41,309.84 0.00 M-6 0.00 0.00 12,560,000.00 36,193.73 0.00 M-7 0.00 0.00 12,560,000.00 39,731.47 0.00 M-8 0.00 0.00 8,792,000.00 28,447.00 0.00 M-9 0.00 0.00 12,560,000.00 45,627.69 0.00 M-10 0.00 0.00 12,560,000.00 52,884.58 0.00 M-11 0.00 0.00 7,536,000.00 31,730.75 0.00 M-12 0.00 0.00 9,420,000.00 39,663.43 0.00 M-13 0.00 0.00 5,024,000.00 21,153.83 0.00 M-14 0.00 0.00 3,768,000.00 15,593.24 0.00 CE 0.00 0.00 9,420,034.63 3,198,644.43 0.00 Totals 5,422,076.78 0.00 1,250,581,957.86 11,953,147.73 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 0.00 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 532,610,000.00 532,610,000.00 0.00 2,186,043.53 0.00 0.00 AI-1B 133,153,000.00 133,153,000.00 0.00 546,512.93 0.00 0.00 AII-1 385,512,000.00 385,512,000.00 0.00 2,689,520.32 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 1,246,584,000.00 0.00 5,422,076.78 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 2,186,043.53 530,423,956.47 0.99589560 2,186,043.53 AI-1B 546,512.93 132,606,487.07 0.99589560 546,512.93 AII-1 2,689,520.32 382,822,479.68 0.99302351 2,689,520.32 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 5,422,076.78 1,241,161,923.23 0.99565045 5,422,076.78
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 1000.00000000 0.00000000 4.10439821 0.00000000 AI-1B 133,153,000.00 1000.00000000 0.00000000 4.10439817 0.00000000 AII-1 385,512,000.00 1000.00000000 0.00000000 6.97648924 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 1000.00000000 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 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 4.10439821 995.89560179 0.99589560 4.10439821 AI-1B 0.00000000 4.10439817 995.89560183 0.99589560 4.10439817 AII-1 0.00000000 6.97648924 993.02351076 0.99302351 6.97648924 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% 0.00 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 3.55000% 532,610,000.00 1,365,552.86 0.00 0.00 AI-1B 133,153,000.00 3.61000% 133,153,000.00 347,159.46 0.00 0.00 AII-1 385,512,000.00 3.56000% 385,512,000.00 991,194.19 0.00 0.00 M-1 32,028,000.00 3.74000% 32,028,000.00 86,511.19 0.00 0.00 M-2 30,145,000.00 3.76000% 30,145,000.00 81,860.42 0.00 0.00 M-3 18,212,000.00 3.81000% 18,212,000.00 50,113.35 0.00 0.00 M-4 15,700,000.00 3.94000% 15,700,000.00 44,675.22 0.00 0.00 M-5 14,444,000.00 3.96000% 14,444,000.00 41,309.84 0.00 0.00 M-6 12,560,000.00 3.99000% 12,560,000.00 36,193.73 0.00 0.00 M-7 12,560,000.00 4.38000% 12,560,000.00 39,731.47 0.00 0.00 M-8 8,792,000.00 4.48000% 8,792,000.00 28,447.00 0.00 0.00 M-9 12,560,000.00 5.03000% 12,560,000.00 45,627.69 0.00 0.00 M-10 12,560,000.00 5.83000% 12,560,000.00 52,884.58 0.00 0.00 M-11 7,536,000.00 5.83000% 7,536,000.00 31,730.75 0.00 0.00 M-12 9,420,000.00 5.83000% 9,420,000.00 39,663.43 0.00 0.00 M-13 5,024,000.00 5.83000% 5,024,000.00 21,153.83 0.00 0.00 M-14 3,768,000.00 5.73000% 3,768,000.00 15,593.24 0.00 0.00 CE 9,420,616.84 0.00000% 9,420,616.84 0.00 0.00 0.00 Totals 1,256,004,616.84 3,319,402.25 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 13,024.27 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 AI-1A 0.00 0.00 1,365,552.86 0.00 530,423,956.47 AI-1B 0.00 0.00 347,159.46 0.00 132,606,487.07 AII-1 0.00 0.00 991,194.19 0.00 382,822,479.68 M-1 0.00 0.00 86,511.19 0.00 32,028,000.00 M-2 0.00 0.00 81,860.42 0.00 30,145,000.00 M-3 0.00 0.00 50,113.35 0.00 18,212,000.00 M-4 0.00 0.00 44,675.22 0.00 15,700,000.00 M-5 0.00 0.00 41,309.84 0.00 14,444,000.00 M-6 0.00 0.00 36,193.73 0.00 12,560,000.00 M-7 0.00 0.00 39,731.47 0.00 12,560,000.00 M-8 0.00 0.00 28,447.00 0.00 8,792,000.00 M-9 0.00 0.00 45,627.69 0.00 12,560,000.00 M-10 0.00 0.00 52,884.58 0.00 12,560,000.00 M-11 0.00 0.00 31,730.75 0.00 7,536,000.00 M-12 0.00 0.00 39,663.43 0.00 9,420,000.00 M-13 0.00 0.00 21,153.83 0.00 5,024,000.00 M-14 0.00 0.00 15,593.24 0.00 3,768,000.00 CE 0.00 0.00 3,198,644.43 0.00 9,420,034.63 Totals 0.00 0.00 6,531,070.95 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 3.55000% 1000.00000000 2.56388889 0.00000000 0.00000000 AI-1B 133,153,000.00 3.61000% 1000.00000000 2.60722222 0.00000000 0.00000000 AII-1 385,512,000.00 3.56000% 1000.00000000 2.57111112 0.00000000 0.00000000 M-1 32,028,000.00 3.74000% 1000.00000000 2.70111122 0.00000000 0.00000000 M-2 30,145,000.00 3.76000% 1000.00000000 2.71555548 0.00000000 0.00000000 M-3 18,212,000.00 3.81000% 1000.00000000 2.75166648 0.00000000 0.00000000 M-4 15,700,000.00 3.94000% 1000.00000000 2.84555541 0.00000000 0.00000000 M-5 14,444,000.00 3.96000% 1000.00000000 2.86000000 0.00000000 0.00000000 M-6 12,560,000.00 3.99000% 1000.00000000 2.88166640 0.00000000 0.00000000 M-7 12,560,000.00 4.38000% 1000.00000000 3.16333360 0.00000000 0.00000000 M-8 8,792,000.00 4.48000% 1000.00000000 3.23555505 0.00000000 0.00000000 M-9 12,560,000.00 5.03000% 1000.00000000 3.63277787 0.00000000 0.00000000 M-10 12,560,000.00 5.83000% 1000.00000000 4.21055573 0.00000000 0.00000000 M-11 7,536,000.00 5.83000% 1000.00000000 4.21055600 0.00000000 0.00000000 M-12 9,420,000.00 5.83000% 1000.00000000 4.21055520 0.00000000 0.00000000 M-13 5,024,000.00 5.83000% 1000.00000000 4.21055533 0.00000000 0.00000000 M-14 3,768,000.00 5.73000% 1000.00000000 4.13833333 0.00000000 0.00000000 CE 9,420,616.84 0.00000% 1000.00000000 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 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 2.56388889 0.00000000 995.89560179 AI-1B 0.00000000 0.00000000 2.60722222 0.00000000 995.89560183 AII-1 0.00000000 0.00000000 2.57111112 0.00000000 993.02351076 M-1 0.00000000 0.00000000 2.70111122 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.71555548 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.75166648 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.84555541 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.86000000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.88166640 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.16333360 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 3.23555505 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 3.63277787 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.21055573 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 4.21055600 0.00000000 1000.00000000 M-12 0.00000000 0.00000000 4.21055520 0.00000000 1000.00000000 M-13 0.00000000 0.00000000 4.21055533 0.00000000 1000.00000000 M-14 0.00000000 0.00000000 4.13833333 0.00000000 1000.00000000 CE 0.00000000 0.00000000 339.53662317 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 12,372,126.30 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 120,056.76 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,492,183.06 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 523,335.26 Payment of Interest and Principal 11,968,847.80 Total Withdrawals (Pool Distribution Amount) 12,492,183.06 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 523,335.26 Credit Risk Management Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 523,335.26
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 130 0 0 0 130 18,026,413.18 0.00 0.00 0.00 18,026,413.18 60 Days 2 0 0 0 2 315,416.60 0.00 0.00 0.00 315,416.60 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 132 0 0 0 132 18,341,829.78 0.00 0.00 0.00 18,341,829.78 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.734953% 0.000000% 0.000000% 0.000000% 1.734953% 1.441442% 0.000000% 0.000000% 0.000000% 1.441442% 60 Days 0.026692% 0.000000% 0.000000% 0.000000% 0.026692% 0.025222% 0.000000% 0.000000% 0.000000% 0.025222% 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 1.761644% 0.000000% 0.000000% 0.000000% 1.761644% 1.466664% 0.000000% 0.000000% 0.000000% 1.466664%
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 111 0 0 0 111 12,504,459.84 0.00 0.00 0.00 12,504,459.84 60 Days 1 0 0 0 1 89,910.46 0.00 0.00 0.00 89,910.46 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 112 0 0 0 112 12,594,370.30 0.00 0.00 0.00 12,594,370.30 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.192809% 0.000000% 0.000000% 0.000000% 2.192809% 1.873104% 0.000000% 0.000000% 0.000000% 1.873104% 60 Days 0.019755% 0.000000% 0.000000% 0.000000% 0.019755% 0.013468% 0.000000% 0.000000% 0.000000% 0.013468% 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 2.212564% 0.000000% 0.000000% 0.000000% 2.212564% 1.886572% 0.000000% 0.000000% 0.000000% 1.886572% 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 19 0 0 0 19 5,521,953.34 0.00 0.00 0.00 5,521,953.34 60 Days 1 0 0 0 1 225,506.14 0.00 0.00 0.00 225,506.14 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 20 0 0 0 20 5,747,459.48 0.00 0.00 0.00 5,747,459.48 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.036442% 0.000000% 0.000000% 0.000000% 2.036442% 4.413899% 0.000000% 0.000000% 0.000000% 4.413899% 60 Days 0.107181% 0.000000% 0.000000% 0.000000% 0.107181% 0.180255% 0.000000% 0.000000% 0.000000% 0.180255% 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 2.143623% 0.000000% 0.000000% 0.000000% 2.143623% 4.594154% 0.000000% 0.000000% 0.000000% 4.594154% 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 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% 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 120,056.76
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class R 590,241,616.84 46.99358656% 587,551,514.32 46.98224780% 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 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1-ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1-Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2-ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2-FIXED 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1-ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1-Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2-ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2-FIXED 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period.
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 6.741854% Weighted Average Net Coupon 6.241854% Weighted Average Pass-Through Rate 6.241854% Weighted Average Maturity(Stepdown Calculation) 350 Beginning Scheduled Collateral Loan Count 7,512 Number Of Loans Paid In Full 19 Ending Scheduled Collateral Loan Count 7,493 Beginning Scheduled Collateral Balance 1,256,004,616.84 Ending Scheduled Collateral Balance 1,250,581,957.84 Ending Actual Collateral Balance at 30-Jun-2005 1,250,581,957.84 Monthly P&I Constant 8,225,684.50 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 1,250,581,957.84 Scheduled Principal 1,169,184.61 Unscheduled Principal 4,253,474.29
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 6.919310 6.435395 0.000000 Weighted Average Net Rate 6.419310 5.935395 (0.500000) Weighted Average Maturity 350 350 350 Beginning Loan Count 5,074 934 1,401 Loans Paid In Full 12 1 6 Ending Loan Count 5,062 933 1,395 Beginning Scheduled Balance 669,973,198.30 125,442,921.94 422,859,834.28 Ending Scheduled Balance 667,579,508.74 125,103,761.65 420,213,605.56 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 4,445,159.59 871,706.35 2,666,122.28 Scheduled Principal 574,566.35 155,857.01 397,450.86 Unscheduled Principal 1,819,123.19 183,303.28 2,248,777.78 Scheduled Interest 3,870,593.24 715,849.34 2,268,671.42 Servicing Fees 279,155.50 52,267.89 176,191.59 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 3,591,437.74 663,581.45 2,092,479.83 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 6.432683 6.347889 5.938081
Group Level Collateral Statement Group Group 2-FIXED Total Collateral Description Mixed Fixed Fixed & Mixed ARM Weighted Average Coupon Rate 0.000000 6.741854 Weighted Average Net Rate (0.500000) 6.241854 Weighted Average Maturity 349 350 Beginning Loan Count 103 7,512 Loans Paid In Full 0 19 Ending Loan Count 103 7,493 Beginning Scheduled Balance 37,728,662.32 1,256,004,616.84 Ending scheduled Balance 37,685,081.89 1,250,581,957.84 Record Date 06/30/2005 06/30/2005 Principal And Interest Constant 242,696.28 8,225,684.50 Scheduled Principal 41,310.39 1,169,184.61 Unscheduled Principal 2,270.04 4,253,474.29 Scheduled Interest 201,385.89 7,056,499.89 Servicing Fees 15,720.28 523,335.26 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 185,665.61 6,533,164.63 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 5.905291 6.241854
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 13 1,958,967.00 1,952,076.51 0 0.00 0.00 Group 1-Fixed 6 2,236,805.00 2,234,173.29 0 0.00 0.00 Group 2-ARM 0 0.00 0.00 0 0.00 0.00 Group 2-FIXED 0 0.00 0.00 0 0.00 0.00 Total 19 4,195,772.00 4,186,249.80 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 50,349.96 Group 1-Fixed 0 0.00 0.00 0 0.00 0.00 16,874.53 Group 2-ARM 0 0.00 0.00 0 0.00 0.00 0.00 Group 2-FIXED 0 0.00 0.00 0 0.00 0.00 0.00 Total 0 0.00 0.00 0 0.00 0.00 67,224.49
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 0134263672 VA 90.00 01-Jun-2005 247,500.00 246,155.07 Group 1-ARM 0141964262 VA 85.00 01-Feb-2005 170,000.00 169,386.40 Group 1-ARM 0142455948 LA 71.88 01-Apr-2005 115,000.00 114,701.69 Group 1-ARM 0142559053 WI 100.00 01-May-2005 85,700.00 85,610.78 Group 1-ARM 0142623669 TX 66.67 01-May-2005 160,000.00 159,767.66 Group 1-ARM 0142704311 NC 80.00 01-May-2005 68,800.00 68,697.56 Group 1-ARM 0142976844 DC 75.00 01-Jul-2005 159,000.00 159,000.00 Group 1-ARM 0142977826 NJ 52.11 01-May-2005 99,000.00 95,539.95 Group 1-ARM 0143705622 IN 80.00 01-Jun-2005 22,000.00 21,982.41 Group 1-ARM 0143795573 AK 49.50 01-Jun-2005 111,375.00 111,296.39 Group 1-ARM 0143988228 VA 78.82 01-Jun-2005 335,000.00 334,650.24 Group 1-ARM 0143991909 AZ 80.00 01-Jun-2005 129,092.00 128,983.54 Group 1-ARM 0144184637 MO 90.00 01-Jun-2005 256,500.00 256,304.82 Group 1-Fixed 0140942699 IL 85.00 01-Dec-2004 297,995.00 297,166.35 Group 1-Fixed 0143053411 VA 90.00 01-May-2005 178,650.00 178,407.01 Group 1-Fixed 0143382745 WI 80.00 01-May-2005 168,160.00 167,876.63 Group 1-Fixed 0143762706 CA 87.67 01-Jun-2005 640,000.00 639,641.20 Group 1-Fixed 0143864262 OR 80.00 01-Jun-2005 320,000.00 319,696.37 Group 1-Fixed 0144135811 CA 80.00 01-Jun-2005 632,000.00 631,385.73
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1-ARM 0134263672 Loan Paid in Full (1) 7.500% 360 1 Group 1-ARM 0141964262 Loan Paid in Full 0 7.750% 360 5 Group 1-ARM 0142455948 Loan Paid in Full 0 6.875% 360 3 Group 1-ARM 0142559053 Loan Paid in Full (1) 9.250% 360 2 Group 1-ARM 0142623669 Loan Paid in Full (1) 7.625% 360 2 Group 1-ARM 0142704311 Loan Paid in Full (1) 7.500% 360 2 Group 1-ARM 0142976844 Loan Paid in Full (1) 8.125% 360 1 Group 1-ARM 0142977826 Loan Paid in Full 0 6.125% 360 2 Group 1-ARM 0143705622 Loan Paid in Full (1) 7.125% 360 1 Group 1-ARM 0143795573 Loan Paid in Full (1) 7.750% 360 1 Group 1-ARM 0143988228 Loan Paid in Full (1) 5.750% 360 1 Group 1-ARM 0143991909 Loan Paid in Full 0 6.875% 360 1 Group 1-ARM 0144184637 Loan Paid in Full 0 7.375% 360 1 Group 1-Fixed 0140942699 Loan Paid in Full 0 10.625% 360 7 Group 1-Fixed 0143053411 Loan Paid in Full 0 7.950% 360 2 Group 1-Fixed 0143382745 Loan Paid in Full 0 6.875% 360 2 Group 1-Fixed 0143762706 Loan Paid in Full 0 8.875% 360 1 Group 1-Fixed 0143864262 Loan Paid in Full (1) 6.250% 360 1 Group 1-Fixed 0144135811 Loan Paid in Full 0 6.125% 360 1
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 0.339% Current Month 3.993% Current Month 1,255.377% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *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 0.252% Current Month 2.982% Current Month 943.201% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *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 0.489% Current Month 5.715% Current Month 1,778.867% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *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 0.000% Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *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 0.000% Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))
Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Group 1-ARM 0 0.00 0.00 0.000% Group 1-Fixed 0 0.00 0.00 0.000% Group 2-ARM 0 0.00 0.00 0.000% Group 2-FIXED 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1-ARM MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1-Fixed MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2-ARM MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2-FIXED MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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 *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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