-----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, TVxyIDVAlLtqPfCh7wAVwstdVBS8hbVLouMFegCLWDWEXGHPZh9vXCWeRdXlI8Xh 4u3li0swzKZn1Ho3wq5AHA== 0001056404-05-002647.txt : 20050729 0001056404-05-002647.hdr.sgml : 20050729 20050729103929 ACCESSION NUMBER: 0001056404-05-002647 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050725 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050729 DATE AS OF CHANGE: 20050729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SERIES 2005-15 CENTRAL INDEX KEY: 0001332001 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: 333-120575-39 FILM NUMBER: 05983113 BUSINESS ADDRESS: STREET 1: 745 7TH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125267000 MAIL ADDRESS: STREET 1: 745 7TH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 srm05015_10507.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2005 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-15 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120575-39 Pooling and Servicing Agreement) (Commission 54-2176800 (State or other File Number) 54-2176810 jurisdiction 54-2176811 of Incorporation) 54-2176812 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 July 25, 2005 a distribution was made to holders of STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-15 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-15 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. STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-15 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-15 Trust, relating to the July 25, 2005 distribution. EX-99.1
Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Record Date: 6/30/2005 Distribution Date: 7/25/2005 Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Series 2005-15 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1-A1 863579UL0 SEN 5.06000% 130,200,000.00 549,010.00 1-A2 863579UM8 SEN 5.06000% 7,964,000.00 33,581.53 1-AX 863579UN6 SEN 5.06000% 0.00 46,156.40 1-PAX 863579UP1 SEN 5.06000% 0.00 36,526.35 2-A1 863579UQ9 SEN 5.24176% 149,390,000.00 652,555.41 2-A2 863579UR7 SEN 5.24176% 9,137,000.00 39,911.63 3-A1 863579US5 SEN 5.53907% 166,486,000.00 768,480.60 3-A2 863579UT3 SEN 5.53907% 21,693,000.00 100,132.44 4-A1 863579UU0 SEN 5.53616% 486,797,000.00 2,245,822.28 4-A2 863579UV8 SEN 5.53616% 14,446,000.00 66,646.16 B1 863579UW6 SUB 5.42267% 17,729,000.00 80,115.43 B2 863579UX4 SUB 5.42267% 11,992,000.00 54,190.55 B3 863579UY2 SUB 5.42267% 3,127,000.00 14,130.57 B4 863579UZ9 SUB 5.42267% 6,255,000.00 28,265.67 B5 863579VA3 SUB 5.42267% 2,085,000.00 9,421.89 B6 863579VB1 SUB 5.42267% 3,127,000.00 14,130.57 B7 863579VC9 SUB 5.42267% 2,085,000.00 9,421.89 B8 863580VE5 SUB 5.42267% 3,648,000.00 16,484.92 B9 863581VF2 SUB 5.42267% 4,170,000.00 18,843.78 B10 863582VG0 SUB 5.42267% 2,625,380.12 11,863.81 P-I SRM0515P1 SEN 0.00000% 0.00 0.00 P-II SRM0515P2 SEN 0.00000% 0.00 0.00 R 863579VD7 SEN 5.73899% 100.00 0.48 Totals 1,042,956,480.12 4,795,692.36
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A1 992,981.71 0.00 129,207,018.29 1,541,991.71 0.00 1-A2 60,738.14 0.00 7,903,261.86 94,319.67 0.00 1-AX 0.00 0.00 0.00 46,156.40 0.00 1-PAX 0.00 0.00 0.00 36,526.35 0.00 2-A1 1,934,284.39 0.00 147,455,715.61 2,586,839.80 0.00 2-A2 118,304.82 0.00 9,018,695.18 158,216.45 0.00 3-A1 2,038,314.26 0.00 164,447,685.74 2,806,794.86 0.00 3-A2 265,590.81 0.00 21,427,409.19 365,723.25 0.00 4-A1 10,344,399.41 0.00 476,452,600.59 12,590,221.69 0.00 4-A2 306,976.41 0.00 14,139,023.59 373,622.57 0.00 B1 2,051.61 0.00 17,726,948.39 82,167.04 0.00 B2 1,387.72 0.00 11,990,612.28 55,578.27 0.00 B3 361.86 0.00 3,126,638.14 14,492.43 0.00 B4 723.83 0.00 6,254,276.17 28,989.50 0.00 B5 241.28 0.00 2,084,758.72 9,663.17 0.00 B6 361.86 0.00 3,126,638.14 14,492.43 0.00 B7 241.28 0.00 2,084,758.72 9,663.17 0.00 B8 422.15 0.00 3,647,577.85 16,907.07 0.00 B9 482.56 0.00 4,169,517.44 19,326.34 0.00 B10 303.81 0.00 2,625,076.31 12,167.62 0.00 P-I 0.00 0.00 0.00 0.00 0.00 P-II 0.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 100.48 0.00 Totals 16,068,267.91 0.00 1,026,888,212.21 20,863,960.27 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) 1-A1 130,200,000.00 130,200,000.00 22,189.54 970,792.18 0.00 0.00 1-A2 7,964,000.00 7,964,000.00 1,357.28 59,380.87 0.00 0.00 1-AX 0.00 0.00 0.00 0.00 0.00 0.00 1-PAX 0.00 0.00 0.00 0.00 0.00 0.00 2-A1 149,390,000.00 149,390,000.00 21,310.41 1,912,973.98 0.00 0.00 2-A2 9,137,000.00 9,137,000.00 1,303.39 117,001.43 0.00 0.00 3-A1 166,486,000.00 166,486,000.00 20,682.42 2,017,631.85 0.00 0.00 3-A2 21,693,000.00 21,693,000.00 2,694.90 262,895.90 0.00 0.00 4-A1 486,797,000.00 486,797,000.00 67,762.67 10,276,636.74 0.00 0.00 4-A2 14,446,000.00 14,446,000.00 2,010.90 304,965.51 0.00 0.00 B1 17,729,000.00 17,729,000.00 2,051.61 0.00 0.00 0.00 B2 11,992,000.00 11,992,000.00 1,387.72 0.00 0.00 0.00 B3 3,127,000.00 3,127,000.00 361.86 0.00 0.00 0.00 B4 6,255,000.00 6,255,000.00 723.83 0.00 0.00 0.00 B5 2,085,000.00 2,085,000.00 241.28 0.00 0.00 0.00 B6 3,127,000.00 3,127,000.00 361.86 0.00 0.00 0.00 B7 2,085,000.00 2,085,000.00 241.28 0.00 0.00 0.00 B8 3,648,000.00 3,648,000.00 422.15 0.00 0.00 0.00 B9 4,170,000.00 4,170,000.00 482.56 0.00 0.00 0.00 B10 2,625,380.12 2,625,380.12 303.81 0.00 0.00 0.00 P-I 0.00 0.00 0.00 0.00 0.00 0.00 P-II 0.00 0.00 0.00 0.00 0.00 0.00 R 100.00 100.00 2.23 97.77 0.00 0.00 Totals 1,042,956,480.12 1,042,956,480.12 145,891.70 15,922,376.23 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 1-A1 992,981.71 129,207,018.29 0.99237341 992,981.71 1-A2 60,738.14 7,903,261.86 0.99237341 60,738.14 1-AX 0.00 0.00 0.00000000 0.00 1-PAX 0.00 0.00 0.00000000 0.00 2-A1 1,934,284.39 147,455,715.61 0.98705212 1,934,284.39 2-A2 118,304.82 9,018,695.18 0.98705212 118,304.82 3-A1 2,038,314.26 164,447,685.74 0.98775684 2,038,314.26 3-A2 265,590.81 21,427,409.19 0.98775684 265,590.81 4-A1 10,344,399.41 476,452,600.59 0.97875008 10,344,399.41 4-A2 306,976.41 14,139,023.59 0.97875008 306,976.41 B1 2,051.61 17,726,948.39 0.99988428 2,051.61 B2 1,387.72 11,990,612.28 0.99988428 1,387.72 B3 361.86 3,126,638.14 0.99988428 361.86 B4 723.83 6,254,276.17 0.99988428 723.83 B5 241.28 2,084,758.72 0.99988428 241.28 B6 361.86 3,126,638.14 0.99988428 361.86 B7 241.28 2,084,758.72 0.99988428 241.28 B8 422.15 3,647,577.85 0.99988428 422.15 B9 482.56 4,169,517.44 0.99988428 482.56 B10 303.81 2,625,076.31 0.99988428 303.81 P-I 0.00 0.00 0.00000000 0.00 P-II 0.00 0.00 0.00000000 0.00 R 100.00 0.00 0.00000000 100.00 Totals 16,068,267.91 1,026,888,212.21 0.98459354 16,068,267.91
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 130,200,000.00 1000.00000000 0.17042657 7.45616114 0.00000000 1-A2 7,964,000.00 1000.00000000 0.17042692 7.45616148 0.00000000 1-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-PAX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 149,390,000.00 1000.00000000 0.14264951 12.80523449 0.00000000 2-A2 9,137,000.00 1000.00000000 0.14264967 12.80523476 0.00000000 3-A1 166,486,000.00 1000.00000000 0.12422918 12.11892802 0.00000000 3-A2 21,693,000.00 1000.00000000 0.12422901 12.11892776 0.00000000 4-A1 486,797,000.00 1000.00000000 0.13920108 21.11072324 0.00000000 4-A2 14,446,000.00 1000.00000000 0.13920116 21.11072338 0.00000000 B1 17,729,000.00 1000.00000000 0.11572057 0.00000000 0.00000000 B2 11,992,000.00 1000.00000000 0.11572048 0.00000000 0.00000000 B3 3,127,000.00 1000.00000000 0.11572114 0.00000000 0.00000000 B4 6,255,000.00 1000.00000000 0.11572022 0.00000000 0.00000000 B5 2,085,000.00 1000.00000000 0.11572182 0.00000000 0.00000000 B6 3,127,000.00 1000.00000000 0.11572114 0.00000000 0.00000000 B7 2,085,000.00 1000.00000000 0.11572182 0.00000000 0.00000000 B8 3,648,000.00 1000.00000000 0.11572094 0.00000000 0.00000000 B9 4,170,000.00 1000.00000000 0.11572182 0.00000000 0.00000000 B10 2,625,380.12 1000.00000000 0.11572039 0.00000000 0.00000000 P-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 1000.00000000 22.30000000 977.70000000 0.00000000 (2) All classes are per $1,000 denomination
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 7.62658763 992.37341237 0.99237341 7.62658763 1-A2 0.00000000 7.62658714 992.37341286 0.99237341 7.62658714 1-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-PAX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 12.94788399 987.05211601 0.98705212 12.94788399 2-A2 0.00000000 12.94788443 987.05211557 0.98705212 12.94788443 3-A1 0.00000000 12.24315714 987.75684286 0.98775684 12.24315714 3-A2 0.00000000 12.24315724 987.75684276 0.98775684 12.24315724 4-A1 0.00000000 21.24992432 978.75007568 0.97875008 21.24992432 4-A2 0.00000000 21.24992455 978.75007545 0.97875008 21.24992455 B1 0.00000000 0.11572057 999.88427943 0.99988428 0.11572057 B2 0.00000000 0.11572048 999.88427952 0.99988428 0.11572048 B3 0.00000000 0.11572114 999.88427886 0.99988428 0.11572114 B4 0.00000000 0.11572022 999.88427978 0.99988428 0.11572022 B5 0.00000000 0.11572182 999.88427818 0.99988428 0.11572182 B6 0.00000000 0.11572114 999.88427886 0.99988428 0.11572114 B7 0.00000000 0.11572182 999.88427818 0.99988428 0.11572182 B8 0.00000000 0.11572094 999.88427906 0.99988428 0.11572094 B9 0.00000000 0.11572182 999.88427818 0.99988428 0.11572182 B10 0.00000000 0.11572039 999.88427961 0.99988428 0.11572039 P-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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 1-A1 130,200,000.00 5.06000% 130,200,000.00 549,010.00 0.00 0.00 1-A2 7,964,000.00 5.06000% 7,964,000.00 33,581.53 0.00 0.00 1-AX 0.00 5.06000% 10,946,180.64 46,156.40 0.00 0.00 1-PAX 0.00 5.06000% 8,662,375.24 36,526.35 0.00 0.00 2-A1 149,390,000.00 5.24176% 149,390,000.00 652,555.41 0.00 0.00 2-A2 9,137,000.00 5.24176% 9,137,000.00 39,911.63 0.00 0.00 3-A1 166,486,000.00 5.53907% 166,486,000.00 768,480.60 0.00 0.00 3-A2 21,693,000.00 5.53907% 21,693,000.00 100,132.44 0.00 0.00 4-A1 486,797,000.00 5.53616% 486,797,000.00 2,245,822.28 0.00 0.00 4-A2 14,446,000.00 5.53616% 14,446,000.00 66,646.16 0.00 0.00 B1 17,729,000.00 5.42267% 17,729,000.00 80,115.43 0.00 0.00 B2 11,992,000.00 5.42267% 11,992,000.00 54,190.55 0.00 0.00 B3 3,127,000.00 5.42267% 3,127,000.00 14,130.57 0.00 0.00 B4 6,255,000.00 5.42267% 6,255,000.00 28,265.67 0.00 0.00 B5 2,085,000.00 5.42267% 2,085,000.00 9,421.89 0.00 0.00 B6 3,127,000.00 5.42267% 3,127,000.00 14,130.57 0.00 0.00 B7 2,085,000.00 5.42267% 2,085,000.00 9,421.89 0.00 0.00 B8 3,648,000.00 5.42267% 3,648,000.00 16,484.92 0.00 0.00 B9 4,170,000.00 5.42267% 4,170,000.00 18,843.78 0.00 0.00 B10 2,625,380.12 5.42267% 2,625,380.12 11,863.81 0.00 0.00 P-I 0.00 0.00000% 0.00 0.00 0.00 0.00 P-II 0.00 0.00000% 0.00 0.00 0.00 0.00 R 100.00 5.73899% 100.00 0.48 0.00 0.00 Totals 1,042,956,480.12 4,795,692.36 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 1-A1 0.00 0.00 549,010.00 0.00 129,207,018.29 1-A2 0.00 0.00 33,581.53 0.00 7,903,261.86 1-AX 0.00 0.00 46,156.40 0.00 10,968,962.94 1-PAX 0.00 0.00 36,526.35 0.00 8,650,662.34 2-A1 0.00 0.00 652,555.41 0.00 147,455,715.61 2-A2 0.00 0.00 39,911.63 0.00 9,018,695.18 3-A1 0.00 0.00 768,480.60 0.00 164,447,685.74 3-A2 0.00 0.00 100,132.44 0.00 21,427,409.19 4-A1 0.00 0.00 2,245,822.28 0.00 476,452,600.59 4-A2 0.00 0.00 66,646.16 0.00 14,139,023.59 B1 0.00 0.00 80,115.43 0.00 17,726,948.39 B2 0.00 0.00 54,190.55 0.00 11,990,612.28 B3 0.00 0.00 14,130.57 0.00 3,126,638.14 B4 0.00 0.00 28,265.67 0.00 6,254,276.17 B5 0.00 0.00 9,421.89 0.00 2,084,758.72 B6 0.00 0.00 14,130.57 0.00 3,126,638.14 B7 0.00 0.00 9,421.89 0.00 2,084,758.72 B8 0.00 0.00 16,484.92 0.00 3,647,577.85 B9 0.00 0.00 18,843.78 0.00 4,169,517.44 B10 0.00 0.00 11,863.81 0.00 2,625,076.31 P-I 0.00 0.00 0.00 0.00 0.00 P-II 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.48 0.00 0.00 Totals 0.00 0.00 4,795,692.36 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 1-A1 130,200,000.00 5.06000% 1000.00000000 4.21666667 0.00000000 0.00000000 1-A2 7,964,000.00 5.06000% 1000.00000000 4.21666625 0.00000000 0.00000000 1-AX 0.00 5.06000% 1000.00322671 4.21668073 0.00000000 0.00000000 1-PAX 0.00 5.06000% 1000.00207796 4.21667555 0.00000000 0.00000000 2-A1 149,390,000.00 5.24176% 1000.00000000 4.36813314 0.00000000 0.00000000 2-A2 9,137,000.00 5.24176% 1000.00000000 4.36813287 0.00000000 0.00000000 3-A1 166,486,000.00 5.53907% 1000.00000000 4.61588722 0.00000000 0.00000000 3-A2 21,693,000.00 5.53907% 1000.00000000 4.61588715 0.00000000 0.00000000 4-A1 486,797,000.00 5.53616% 1000.00000000 4.61346779 0.00000000 0.00000000 4-A2 14,446,000.00 5.53616% 1000.00000000 4.61346809 0.00000000 0.00000000 B1 17,729,000.00 5.42267% 1000.00000000 4.51889165 0.00000000 0.00000000 B2 11,992,000.00 5.42267% 1000.00000000 4.51889176 0.00000000 0.00000000 B3 3,127,000.00 5.42267% 1000.00000000 4.51889031 0.00000000 0.00000000 B4 6,255,000.00 5.42267% 1000.00000000 4.51889209 0.00000000 0.00000000 B5 2,085,000.00 5.42267% 1000.00000000 4.51889209 0.00000000 0.00000000 B6 3,127,000.00 5.42267% 1000.00000000 4.51889031 0.00000000 0.00000000 B7 2,085,000.00 5.42267% 1000.00000000 4.51889209 0.00000000 0.00000000 B8 3,648,000.00 5.42267% 1000.00000000 4.51889254 0.00000000 0.00000000 B9 4,170,000.00 5.42267% 1000.00000000 4.51889209 0.00000000 0.00000000 B10 2,625,380.12 5.42267% 1000.00000000 4.51889230 0.00000000 0.00000000 P-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 100.00 5.73899% 1000.00000000 4.80000000 0.00000000 0.00000000 (5) All classes are per $1,000 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 1-A1 0.00000000 0.00000000 4.21666667 0.00000000 992.37341237 1-A2 0.00000000 0.00000000 4.21666625 0.00000000 992.37341286 1-AX 0.00000000 0.00000000 4.21668073 0.00000000 1002.08453472 1-PAX 0.00000000 0.00000000 4.21667555 0.00000000 998.64991714 2-A1 0.00000000 0.00000000 4.36813314 0.00000000 987.05211601 2-A2 0.00000000 0.00000000 4.36813287 0.00000000 987.05211557 3-A1 0.00000000 0.00000000 4.61588722 0.00000000 987.75684286 3-A2 0.00000000 0.00000000 4.61588715 0.00000000 987.75684276 4-A1 0.00000000 0.00000000 4.61346779 0.00000000 978.75007568 4-A2 0.00000000 0.00000000 4.61346809 0.00000000 978.75007545 B1 0.00000000 0.00000000 4.51889165 0.00000000 999.88427943 B2 0.00000000 0.00000000 4.51889176 0.00000000 999.88427952 B3 0.00000000 0.00000000 4.51889031 0.00000000 999.88427886 B4 0.00000000 0.00000000 4.51889209 0.00000000 999.88427978 B5 0.00000000 0.00000000 4.51889209 0.00000000 999.88427818 B6 0.00000000 0.00000000 4.51889031 0.00000000 999.88427886 B7 0.00000000 0.00000000 4.51889209 0.00000000 999.88427818 B8 0.00000000 0.00000000 4.51889254 0.00000000 999.88427906 B9 0.00000000 0.00000000 4.51889209 0.00000000 999.88427818 B10 0.00000000 0.00000000 4.51889230 0.00000000 999.88427961 P-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 4.80000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 21,105,496.42 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 21,105,496.42 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 241,536.15 Payment of Interest and Principal 20,863,960.27 Total Withdrawals (Pool Distribution Amount) 21,105,496.42 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 237,234.83 Wells Fargo Bank, N.A. - Trustee Fee 4,301.32 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 241,536.15
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Funding Account 10,687,730.19 10,686,378.92 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 15 0 0 0 15 3,368,541.70 0.00 0.00 0.00 3,368,541.70 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 15 0 0 0 15 3,368,541.70 0.00 0.00 0.00 3,368,541.70 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.414594% 0.000000% 0.000000% 0.000000% 0.414594% 0.328004% 0.000000% 0.000000% 0.000000% 0.328004% 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 0.414594% 0.000000% 0.000000% 0.000000% 0.414594% 0.328004% 0.000000% 0.000000% 0.000000% 0.328004%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 6 0 0 0 6 1,210,661.70 0.00 0.00 0.00 1,210,661.70 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 6 0 0 0 6 1,210,661.70 0.00 0.00 0.00 1,210,661.70 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.955414% 0.000000% 0.000000% 0.000000% 0.955414% 0.730953% 0.000000% 0.000000% 0.000000% 0.730953% 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 0.955414% 0.000000% 0.000000% 0.000000% 0.955414% 0.730953% 0.000000% 0.000000% 0.000000% 0.730953% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 2 0 0 0 2 576,000.00 0.00 0.00 0.00 576,000.00 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 2 0 0 0 2 576,000.00 0.00 0.00 0.00 576,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.228571% 0.000000% 0.000000% 0.000000% 0.228571% 0.292775% 0.000000% 0.000000% 0.000000% 0.292775% 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 0.228571% 0.000000% 0.000000% 0.000000% 0.228571% 0.292775% 0.000000% 0.000000% 0.000000% 0.292775% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 7 0 0 0 7 1,581,880.00 0.00 0.00 0.00 1,581,880.00 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 7 0 0 0 7 1,581,880.00 0.00 0.00 0.00 1,581,880.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.392817% 0.000000% 0.000000% 0.000000% 0.392817% 0.304484% 0.000000% 0.000000% 0.000000% 0.304484% 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 0.392817% 0.000000% 0.000000% 0.000000% 0.392817% 0.304484% 0.000000% 0.000000% 0.000000% 0.304484% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 AX 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 1 PAX 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 0.00
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 II 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 III 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 IV 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 AX 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 PAX 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 II 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 III 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 IV 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 AX 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 PAX 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 Mixed ARM Weighted Average Gross Coupon 5.805309% Weighted Average Net Coupon 5.532353% Weighted Average Pass-Through Rate 5.517610% Weighted Average Maturity(Stepdown Calculation) 359 Beginning Scheduled Collateral Loan Count 3,631 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 3,618 Beginning Scheduled Collateral Balance 1,042,956,480.12 Ending Scheduled Collateral Balance 1,026,888,212.20 Ending Actual Collateral Balance at 30-Jun-2005 1,026,982,408.87 Monthly P&I Constant 5,140,001.86 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 145,891.70 Unscheduled Principal 5,285,076.73
Group Level Collateral Statement Group Group II Group III Group IV Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.583818 5.815509 5.818096 Weighted Average Net Rate 5.252632 5.565256 5.543997 Weighted Average Maturity 359 359 359 Beginning Loan Count 634 876 1,785 Loans Paid In Full 6 1 3 Ending Loan Count 628 875 1,782 Beginning Scheduled Balance 167,664,989.28 197,150,617.78 521,374,731.82 Ending Scheduled Balance 165,611,096.54 196,721,451.33 519,481,999.97 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 804,093.01 979,934.54 2,600,415.93 Scheduled Principal 23,917.33 24,491.86 72,575.93 Unscheduled Principal 2,029,975.41 404,674.59 1,820,155.92 Scheduled Interest 780,175.68 955,442.68 2,527,840.00 Servicing Fees 46,273.54 41,114.71 119,089.88 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 698.60 821.46 2,172.39 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 820.60 3,481.79 1,232.78 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 732,382.94 910,024.72 2,405,344.95 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 5.241759 5.539063 5.536160
Group Level Collateral Statement Group Group 1 AX Group 1 PAX Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.977043 6.031385 5.805309 Weighted Average Net Rate 5.722581 5.781345 5.532353 Weighted Average Maturity 359 359 359 Beginning Loan Count 190 146 3,631 Loans Paid In Full 2 1 13 Ending Loan Count 188 145 3,618 Beginning Scheduled Balance 84,229,179.84 61,889,661.91 1,032,309,180.63 Ending scheduled Balance 83,345,540.15 61,728,124.21 1,026,888,212.20 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 434,958.99 320,599.39 5,140,001.86 Scheduled Principal 15,424.45 9,482.13 145,891.70 Unscheduled Principal 868,215.24 162,055.57 5,285,076.73 Scheduled Interest 419,534.54 311,117.26 4,994,110.16 Servicing Fees 17,860.94 12,895.76 237,234.83 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 350.95 257.92 4,301.32 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 427.03 5,962.20 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 401,322.65 297,536.55 4,746,611.81 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 5.717581 5.768107 5.517610
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 II 6 1,644,821.00 1,644,821.00 0 0.00 0.00 Group III 1 276,000.00 275,990.00 0 0.00 0.00 Group IV 3 965,000.00 964,900.00 0 0.00 0.00 Group 1 AX 2 1,007,768.00 667,144.18 0 0.00 0.00 Group 1 PAX 1 156,500.00 156,062.83 0 0.00 0.00 Total 13 4,050,089.00 3,708,918.01 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 II 0 0.00 0.00 0 0.00 0.00 385,154.41 Group III 0 0.00 0.00 0 0.00 0.00 128,684.59 Group IV 0 0.00 0.00 0 0.00 0.00 855,255.92 Group 1 AX 0 0.00 0.00 0 0.00 0.00 203,020.49 Group 1 PAX 0 0.00 0.00 0 0.00 0.00 6,140.02 Total 0 0.00 0.00 0 0.00 0.00 1,578,255.43
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group II 0030665988 CA 59.52 01-Jun-2005 500,000.00 500,000.00 Group II 0035449701 FL 85.00 01-Jul-2005 399,500.00 399,500.00 Group II 0116133596 WA 32.37 01-May-2005 45,000.00 45,000.00 Group II 0116135120 ID 55.75 01-May-2005 144,900.00 144,900.00 Group II 0116136649 CA 80.00 01-May-2005 301,421.00 301,421.00 Group II 0116136862 WA 52.92 01-May-2005 254,000.00 254,000.00 Group III 0116393646 MA 71.50 01-Jun-2005 276,000.00 275,990.00 Group IV 0115749830 CA 79.99 01-May-2005 596,000.00 596,000.00 Group IV 0116273574 MO 62.96 01-Jun-2005 119,000.00 118,900.00 Group IV 0116277732 CA 33.56 01-Jun-2005 250,000.00 250,000.00 Group 1 AX 0030675086 MA 80.00 01-Jun-2005 471,168.00 130,400.53 Group 1 AX 0115127755 MN 79.99 01-Feb-2005 536,600.00 534,794.22 Group 1 PAX 0116254251 MA 77.09 01-Apr-2005 156,500.00 155,915.55
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group II 0030665988 Loan Paid in Full (1) 6.125% 360 1 Group II 0035449701 Loan Paid in Full (1) 7.250% 360 1 Group II 0116133596 Loan Paid in Full 0 5.500% 360 2 Group II 0116135120 Loan Paid in Full 0 5.375% 360 2 Group II 0116136649 Loan Paid in Full 0 5.625% 360 2 Group II 0116136862 Loan Paid in Full 0 5.125% 360 2 Group III 0116393646 Loan Paid in Full (1) 5.625% 360 1 Group IV 0115749830 Loan Paid in Full (1) 6.375% 360 2 Group IV 0116273574 Loan Paid in Full (1) 6.250% 360 1 Group IV 0116277732 Loan Paid in Full (1) 5.750% 360 1 Group 1 AX 0030675086 Loan Paid in Full 0 6.875% 360 1 Group 1 AX 0115127755 Loan Paid in Full (1) 5.625% 360 5 Group 1 PAX 0116254251 Loan Paid in Full 0 6.375% 360 3
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 0.512% Current Month 5.974% Current Month 2,065.263% 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 5.974% N/A Jul-2005 2,065.263% 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 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. 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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