-----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, EMjds8K8bwHOsc8JqSWKOaLJhnk2nqP3nhvlJP+vJCVVUWdxVphtoRhn1v8okg4o /xfsgh2ODZOTo2YSpVmyFA== 0001056404-05-002907.txt : 20050829 0001056404-05-002907.hdr.sgml : 20050829 20050829092015 ACCESSION NUMBER: 0001056404-05-002907 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050825 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050829 DATE AS OF CHANGE: 20050829 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: 051053369 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_10508.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): August 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 August 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 August 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: 8/25/2005 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 August 25, 2005 distribution. EX-99.1
Structured Adjustable Rate Mortgage Trust Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 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% 129,207,018.29 544,822.93 1-A2 863579UM8 SEN 5.06000% 7,903,261.86 33,325.42 1-AX 863579UN6 SEN 5.06000% 0.00 45,767.39 1-PAX 863579UP1 SEN 5.06000% 0.00 36,375.89 2-A1 863579UQ9 SEN 5.23691% 147,455,715.61 643,510.77 2-A2 863579UR7 SEN 5.23691% 9,018,695.18 39,358.44 3-A1 863579US5 SEN 5.53929% 164,447,685.74 759,103.12 3-A2 863579UT3 SEN 5.53929% 21,427,409.19 98,910.56 4-A1 863579UU0 SEN 5.53565% 476,452,600.59 2,197,895.52 4-A2 863579UV8 SEN 5.53565% 14,139,023.59 65,223.90 B1 863579UW6 SUB 5.42168% 17,726,948.39 80,091.52 B2 863579UX4 SUB 5.42168% 11,990,612.28 54,174.38 B3 863579UY2 SUB 5.42168% 3,126,638.14 14,126.36 B4 863579UZ9 SUB 5.42168% 6,254,276.17 28,257.23 B5 863579VA3 SUB 5.42168% 2,084,758.72 9,419.08 B6 863579VB1 SUB 5.42168% 3,126,638.14 14,126.36 B7 863579VC9 SUB 5.42168% 2,084,758.72 9,419.08 B8 863580VE5 SUB 5.42168% 3,647,577.85 16,480.00 B9 863581VF2 SUB 5.42168% 4,169,517.44 18,838.15 B10 863582VG0 SUB 5.42168% 2,625,076.31 11,860.27 P-I SRM0515P1 SEN 0.00000% 0.00 0.00 P-II SRM0515P2 SEN 0.00000% 0.00 0.00 R 863579VD7 SEN 5.73659% 0.00 0.00 Totals 1,026,888,212.21 4,721,086.37
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A1 1,760,037.84 0.00 127,446,980.45 2,304,860.77 0.00 1-A2 107,657.00 0.00 7,795,604.86 140,982.42 0.00 1-AX 0.00 0.00 0.00 45,767.39 0.00 1-PAX 0.00 0.00 0.00 36,375.89 0.00 2-A1 1,383,288.58 0.00 146,072,427.03 2,026,799.35 0.00 2-A2 84,604.78 0.00 8,934,090.41 123,963.22 0.00 3-A1 851,413.99 0.00 163,596,271.75 1,610,517.11 0.00 3-A2 110,938.60 0.00 21,316,470.59 209,849.16 0.00 4-A1 3,631,441.98 0.00 472,821,158.60 5,829,337.50 0.00 4-A2 107,765.27 0.00 14,031,258.32 172,989.17 0.00 B1 2,426.11 0.00 17,724,522.27 82,517.63 0.00 B2 1,641.04 0.00 11,988,971.24 55,815.42 0.00 B3 427.91 0.00 3,126,210.23 14,554.27 0.00 B4 855.96 0.00 6,253,420.21 29,113.19 0.00 B5 285.32 0.00 2,084,473.40 9,704.40 0.00 B6 427.91 0.00 3,126,210.23 14,554.27 0.00 B7 285.32 0.00 2,084,473.40 9,704.40 0.00 B8 499.21 0.00 3,647,078.64 16,979.21 0.00 B9 570.64 0.00 4,168,946.80 19,408.79 0.00 B10 359.27 0.00 2,624,717.04 12,219.54 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 0.00 0.00 0.00 0.00 0.00 Totals 8,044,926.73 0.00 1,018,843,285.47 12,766,013.10 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 130,200,000.00 129,207,018.29 19,984.56 1,740,053.27 0.00 0.00 1-A2 7,964,000.00 7,903,261.86 1,222.40 106,434.60 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 149,390,000.00 147,455,715.61 19,395.40 1,363,893.18 0.00 0.00 2-A2 9,137,000.00 9,018,695.18 1,186.26 83,418.51 0.00 0.00 3-A1 166,486,000.00 164,447,685.74 20,571.90 830,842.08 0.00 0.00 3-A2 21,693,000.00 21,427,409.19 2,680.50 108,258.10 0.00 0.00 4-A1 486,797,000.00 476,452,600.59 65,775.07 3,565,666.91 0.00 0.00 4-A2 14,446,000.00 14,139,023.59 1,951.92 105,813.36 0.00 0.00 B1 17,729,000.00 17,726,948.39 2,426.11 0.00 0.00 0.00 B2 11,992,000.00 11,990,612.28 1,641.04 0.00 0.00 0.00 B3 3,127,000.00 3,126,638.14 427.91 0.00 0.00 0.00 B4 6,255,000.00 6,254,276.17 855.96 0.00 0.00 0.00 B5 2,085,000.00 2,084,758.72 285.32 0.00 0.00 0.00 B6 3,127,000.00 3,126,638.14 427.91 0.00 0.00 0.00 B7 2,085,000.00 2,084,758.72 285.32 0.00 0.00 0.00 B8 3,648,000.00 3,647,577.85 499.21 0.00 0.00 0.00 B9 4,170,000.00 4,169,517.44 570.64 0.00 0.00 0.00 B10 2,625,380.12 2,625,076.31 359.27 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 0.00 0.00 0.00 0.00 0.00 Totals 1,042,956,480.12 1,026,888,212.21 140,546.70 7,904,380.01 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 1,760,037.84 127,446,980.45 0.97885546 1,760,037.84 1-A2 107,657.00 7,795,604.86 0.97885546 107,657.00 1-AX 0.00 0.00 0.00000000 0.00 1-PAX 0.00 0.00 0.00000000 0.00 2-A1 1,383,288.58 146,072,427.03 0.97779254 1,383,288.58 2-A2 84,604.78 8,934,090.41 0.97779254 84,604.78 3-A1 851,413.99 163,596,271.75 0.98264282 851,413.99 3-A2 110,938.60 21,316,470.59 0.98264282 110,938.60 4-A1 3,631,441.98 472,821,158.60 0.97129021 3,631,441.98 4-A2 107,765.27 14,031,258.32 0.97129021 107,765.27 B1 2,426.11 17,724,522.27 0.99974743 2,426.11 B2 1,641.04 11,988,971.24 0.99974743 1,641.04 B3 427.91 3,126,210.23 0.99974744 427.91 B4 855.96 6,253,420.21 0.99974744 855.96 B5 285.32 2,084,473.40 0.99974743 285.32 B6 427.91 3,126,210.23 0.99974744 427.91 B7 285.32 2,084,473.40 0.99974743 285.32 B8 499.21 3,647,078.64 0.99974743 499.21 B9 570.64 4,168,946.80 0.99974743 570.64 B10 359.27 2,624,717.04 0.99974743 359.27 P-I 0.00 0.00 0.00000000 0.00 P-II 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 8,044,926.73 1,018,843,285.47 0.97687996 8,044,926.73
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 130,200,000.00 992.37341237 0.15349124 13.36446444 0.00000000 1-A2 7,964,000.00 992.37341286 0.15349071 13.36446509 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 149,390,000.00 987.05211601 0.12983064 9.12974885 0.00000000 2-A2 9,137,000.00 987.05211557 0.12983036 9.12974828 0.00000000 3-A1 166,486,000.00 987.75684286 0.12356534 4.99046214 0.00000000 3-A2 21,693,000.00 987.75684276 0.12356521 4.99046236 0.00000000 4-A1 486,797,000.00 978.75007568 0.13511807 7.32475120 0.00000000 4-A2 14,446,000.00 978.75007545 0.13511837 7.32475149 0.00000000 B1 17,729,000.00 999.88427943 0.13684415 0.00000000 0.00000000 B2 11,992,000.00 999.88427952 0.13684456 0.00000000 0.00000000 B3 3,127,000.00 999.88427886 0.13684362 0.00000000 0.00000000 B4 6,255,000.00 999.88427978 0.13684412 0.00000000 0.00000000 B5 2,085,000.00 999.88427818 0.13684412 0.00000000 0.00000000 B6 3,127,000.00 999.88427886 0.13684362 0.00000000 0.00000000 B7 2,085,000.00 999.88427818 0.13684412 0.00000000 0.00000000 B8 3,648,000.00 999.88427906 0.13684485 0.00000000 0.00000000 B9 4,170,000.00 999.88427818 0.13684412 0.00000000 0.00000000 B10 2,625,380.12 999.88427961 0.13684495 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 0.00000000 0.00000000 0.00000000 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 13.51795576 978.85545661 0.97885546 13.51795576 1-A2 0.00000000 13.51795580 978.85545706 0.97885546 13.51795580 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 9.25957949 977.79253652 0.97779254 9.25957949 2-A2 0.00000000 9.25957973 977.79253694 0.97779254 9.25957973 3-A1 0.00000000 5.11402755 982.64281531 0.98264282 5.11402755 3-A2 0.00000000 5.11402757 982.64281519 0.98264282 5.11402757 4-A1 0.00000000 7.45986927 971.29020639 0.97129021 7.45986927 4-A2 0.00000000 7.45986917 971.29020629 0.97129021 7.45986917 B1 0.00000000 0.13684415 999.74743471 0.99974743 0.13684415 B2 0.00000000 0.13684456 999.74743496 0.99974743 0.13684456 B3 0.00000000 0.13684362 999.74743524 0.99974744 0.13684362 B4 0.00000000 0.13684412 999.74743565 0.99974744 0.13684412 B5 0.00000000 0.13684412 999.74743405 0.99974743 0.13684412 B6 0.00000000 0.13684362 999.74743524 0.99974744 0.13684362 B7 0.00000000 0.13684412 999.74743405 0.99974743 0.13684412 B8 0.00000000 0.13684485 999.74743421 0.99974743 0.13684485 B9 0.00000000 0.13684412 999.74743405 0.99974743 0.13684412 B10 0.00000000 0.13684495 999.74743467 0.99974743 0.13684495 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 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A1 130,200,000.00 5.06000% 129,207,018.29 544,822.93 0.00 0.00 1-A2 7,964,000.00 5.06000% 7,903,261.86 33,325.42 0.00 0.00 1-AX 0.00 5.06000% 10,853,926.25 45,767.39 0.00 0.00 1-PAX 0.00 5.06000% 8,626,692.39 36,375.89 0.00 0.00 2-A1 149,390,000.00 5.23691% 147,455,715.61 643,510.77 0.00 0.00 2-A2 9,137,000.00 5.23691% 9,018,695.18 39,358.44 0.00 0.00 3-A1 166,486,000.00 5.53929% 164,447,685.74 759,103.12 0.00 0.00 3-A2 21,693,000.00 5.53929% 21,427,409.19 98,910.56 0.00 0.00 4-A1 486,797,000.00 5.53565% 476,452,600.59 2,197,895.52 0.00 0.00 4-A2 14,446,000.00 5.53565% 14,139,023.59 65,223.90 0.00 0.00 B1 17,729,000.00 5.42168% 17,726,948.39 80,091.52 0.00 0.00 B2 11,992,000.00 5.42168% 11,990,612.28 54,174.38 0.00 0.00 B3 3,127,000.00 5.42168% 3,126,638.14 14,126.36 0.00 0.00 B4 6,255,000.00 5.42168% 6,254,276.17 28,257.23 0.00 0.00 B5 2,085,000.00 5.42168% 2,084,758.72 9,419.08 0.00 0.00 B6 3,127,000.00 5.42168% 3,126,638.14 14,126.36 0.00 0.00 B7 2,085,000.00 5.42168% 2,084,758.72 9,419.08 0.00 0.00 B8 3,648,000.00 5.42168% 3,647,577.85 16,480.00 0.00 0.00 B9 4,170,000.00 5.42168% 4,169,517.44 18,838.15 0.00 0.00 B10 2,625,380.12 5.42168% 2,625,076.31 11,860.27 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 5.73659% 0.00 0.00 0.00 0.00 Totals 1,042,956,480.12 4,721,086.37 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 0.00 544,822.93 0.00 127,446,980.45 1-A2 0.00 0.00 33,325.42 0.00 7,795,604.86 1-AX 0.00 0.00 45,767.39 0.00 10,762,850.12 1-PAX 0.00 0.00 36,375.89 0.00 8,627,168.37 2-A1 0.00 0.00 643,510.77 0.00 146,072,427.03 2-A2 0.00 0.00 39,358.44 0.00 8,934,090.41 3-A1 0.00 0.00 759,103.12 0.00 163,596,271.75 3-A2 0.00 0.00 98,910.56 0.00 21,316,470.59 4-A1 0.00 0.00 2,197,895.52 0.00 472,821,158.60 4-A2 0.00 0.00 65,223.90 0.00 14,031,258.32 B1 0.00 0.00 80,091.52 0.00 17,724,522.27 B2 0.00 0.00 54,174.38 0.00 11,988,971.24 B3 0.00 0.00 14,126.36 0.00 3,126,210.23 B4 0.00 0.00 28,257.23 0.00 6,253,420.21 B5 0.00 0.00 9,419.08 0.00 2,084,473.40 B6 0.00 0.00 14,126.36 0.00 3,126,210.23 B7 0.00 0.00 9,419.08 0.00 2,084,473.40 B8 0.00 0.00 16,480.00 0.00 3,647,078.64 B9 0.00 0.00 18,838.15 0.00 4,168,946.80 B10 0.00 0.00 11,860.27 0.00 2,624,717.04 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 0.00 0.00 0.00 Totals 0.00 0.00 4,721,086.37 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% 992.37341237 4.18450791 0.00000000 0.00000000 1-A2 7,964,000.00 5.06000% 992.37341286 4.18450779 0.00000000 0.00000000 1-AX 0.00 5.06000% 991.57520138 4.18114219 0.00000000 0.00000000 1-PAX 0.00 5.06000% 995.88277775 4.19930615 0.00000000 0.00000000 2-A1 149,390,000.00 5.23691% 987.05211601 4.30758933 0.00000000 0.00000000 2-A2 9,137,000.00 5.23691% 987.05211557 4.30758892 0.00000000 0.00000000 3-A1 166,486,000.00 5.53929% 987.75684286 4.55956128 0.00000000 0.00000000 3-A2 21,693,000.00 5.53929% 987.75684276 4.55956115 0.00000000 0.00000000 4-A1 486,797,000.00 5.53565% 978.75007568 4.51501451 0.00000000 0.00000000 4-A2 14,446,000.00 5.53565% 978.75007545 4.51501454 0.00000000 0.00000000 B1 17,729,000.00 5.42168% 999.88427943 4.51754301 0.00000000 0.00000000 B2 11,992,000.00 5.42168% 999.88427952 4.51754336 0.00000000 0.00000000 B3 3,127,000.00 5.42168% 999.88427886 4.51754397 0.00000000 0.00000000 B4 6,255,000.00 5.42168% 999.88427978 4.51754277 0.00000000 0.00000000 B5 2,085,000.00 5.42168% 999.88427818 4.51754436 0.00000000 0.00000000 B6 3,127,000.00 5.42168% 999.88427886 4.51754397 0.00000000 0.00000000 B7 2,085,000.00 5.42168% 999.88427818 4.51754436 0.00000000 0.00000000 B8 3,648,000.00 5.42168% 999.88427906 4.51754386 0.00000000 0.00000000 B9 4,170,000.00 5.42168% 999.88427818 4.51754197 0.00000000 0.00000000 B10 2,625,380.12 5.42168% 999.88427961 4.51754392 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 5.73659% 0.00000000 0.00000000 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 4.18450791 0.00000000 978.85545661 1-A2 0.00000000 0.00000000 4.18450779 0.00000000 978.85545706 1-AX 0.00000000 0.00000000 4.18114219 0.00000000 983.25481760 1-PAX 0.00000000 0.00000000 4.19930615 0.00000000 995.93772584 2-A1 0.00000000 0.00000000 4.30758933 0.00000000 977.79253652 2-A2 0.00000000 0.00000000 4.30758892 0.00000000 977.79253694 3-A1 0.00000000 0.00000000 4.55956128 0.00000000 982.64281531 3-A2 0.00000000 0.00000000 4.55956115 0.00000000 982.64281519 4-A1 0.00000000 0.00000000 4.51501451 0.00000000 971.29020639 4-A2 0.00000000 0.00000000 4.51501454 0.00000000 971.29020629 B1 0.00000000 0.00000000 4.51754301 0.00000000 999.74743471 B2 0.00000000 0.00000000 4.51754336 0.00000000 999.74743496 B3 0.00000000 0.00000000 4.51754397 0.00000000 999.74743524 B4 0.00000000 0.00000000 4.51754277 0.00000000 999.74743565 B5 0.00000000 0.00000000 4.51754436 0.00000000 999.74743405 B6 0.00000000 0.00000000 4.51754397 0.00000000 999.74743524 B7 0.00000000 0.00000000 4.51754436 0.00000000 999.74743405 B8 0.00000000 0.00000000 4.51754386 0.00000000 999.74743421 B9 0.00000000 0.00000000 4.51754197 0.00000000 999.74743405 B10 0.00000000 0.00000000 4.51754392 0.00000000 999.74743467 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 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 13,006,260.24 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 13,006,260.24 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 240,247.14 Payment of Interest and Principal 12,766,013.10 Total Withdrawals (Pool Distribution Amount) 13,006,260.24 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 235,968.44 Wells Fargo Bank, N.A. - Trustee Fee 4,278.70 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 240,247.14
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Funding Account 0.00 0.00 0.00 1,351.27
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 35 0 0 0 35 9,255,246.38 0.00 0.00 0.00 9,255,246.38 60 Days 3 0 0 0 3 631,369.04 0.00 0.00 0.00 631,369.04 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 38 0 0 0 38 9,886,615.42 0.00 0.00 0.00 9,886,615.42 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 0.972222% 0.000000% 0.000000% 0.000000% 0.972222% 0.908318% 0.000000% 0.000000% 0.000000% 0.908318% 60 Days 0.083333% 0.000000% 0.000000% 0.000000% 0.083333% 0.061963% 0.000000% 0.000000% 0.000000% 0.061963% 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 1.055556% 0.000000% 0.000000% 0.000000% 1.055556% 0.970281% 0.000000% 0.000000% 0.000000% 0.970281%
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 4 0 0 0 4 944,119.06 0.00 0.00 0.00 944,119.06 60 Days 2 0 0 0 2 379,369.04 0.00 0.00 0.00 379,369.04 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 1,323,488.10 0.00 0.00 0.00 1,323,488.10 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.641026% 0.000000% 0.000000% 0.000000% 0.641026% 0.575121% 0.000000% 0.000000% 0.000000% 0.575121% 60 Days 0.320513% 0.000000% 0.000000% 0.000000% 0.320513% 0.231097% 0.000000% 0.000000% 0.000000% 0.231097% 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 0.961538% 0.000000% 0.000000% 0.000000% 0.961538% 0.806218% 0.000000% 0.000000% 0.000000% 0.806218% 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 8 0 0 0 8 1,703,866.00 0.00 0.00 0.00 1,703,866.00 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 8 0 0 0 8 1,703,866.00 0.00 0.00 0.00 1,703,866.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.918485% 0.000000% 0.000000% 0.000000% 0.918485% 0.870319% 0.000000% 0.000000% 0.000000% 0.870319% 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 0.918485% 0.000000% 0.000000% 0.000000% 0.918485% 0.870319% 0.000000% 0.000000% 0.000000% 0.870319% 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 15 0 0 0 15 3,926,514.67 0.00 0.00 0.00 3,926,514.67 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 3,926,514.67 0.00 0.00 0.00 3,926,514.67 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.845070% 0.000000% 0.000000% 0.000000% 0.845070% 0.761266% 0.000000% 0.000000% 0.000000% 0.761266% 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 0.845070% 0.000000% 0.000000% 0.000000% 0.845070% 0.761266% 0.000000% 0.000000% 0.000000% 0.761266% 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 5 0 0 0 5 1,490,040.65 0.00 0.00 0.00 1,490,040.65 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 5 0 0 0 5 1,490,040.65 0.00 0.00 0.00 1,490,040.65 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.702703% 0.000000% 0.000000% 0.000000% 2.702703% 1.828197% 0.000000% 0.000000% 0.000000% 1.828197% 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 2.702703% 0.000000% 0.000000% 0.000000% 2.702703% 1.828197% 0.000000% 0.000000% 0.000000% 1.828197% 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 3 0 0 0 3 1,190,706.00 0.00 0.00 0.00 1,190,706.00 60 Days 1 0 0 0 1 252,000.00 0.00 0.00 0.00 252,000.00 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 4 0 0 0 4 1,442,706.00 0.00 0.00 0.00 1,442,706.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.068966% 0.000000% 0.000000% 0.000000% 2.068966% 1.929289% 0.000000% 0.000000% 0.000000% 1.929289% 60 Days 0.689655% 0.000000% 0.000000% 0.000000% 0.689655% 0.408313% 0.000000% 0.000000% 0.000000% 0.408313% 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 2.758621% 0.000000% 0.000000% 0.000000% 2.758621% 2.337602% 0.000000% 0.000000% 0.000000% 2.337602%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 361,899.00 0.03469934% 361,899.00 0.03552058% Fraud 10,445,728.00 1.00154975% 10,445,728.00 1.02525365% Special Hazard 10,268,882.12 0.98459354% 10,188,432.85 1.00000000% Limit of Subordinate's Exposure to Certain Types of Losses
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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-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 5.804671% Weighted Average Net Coupon 5.528924% Weighted Average Pass-Through Rate 5.516961% Weighted Average Maturity(Stepdown Calculation) 358 Beginning Scheduled Collateral Loan Count 3,618 Number Of Loans Paid In Full 18 Ending Scheduled Collateral Loan Count 3,600 Beginning Scheduled Collateral Balance 1,026,888,212.20 Ending Scheduled Collateral Balance 1,018,843,285.47 Ending Actual Collateral Balance at 29-Jul-2005 1,018,943,092.29 Monthly P&I Constant 5,107,837.20 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 140,546.72 Unscheduled Principal 7,904,380.01
Group Level Collateral Statement Group Group II Group III Group IV Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.579450 5.815767 5.817608 Weighted Average Net Rate 5.247856 5.565513 5.543494 Weighted Average Maturity 358 358 358 Beginning Loan Count 628 875 1,782 Loans Paid In Full 4 4 7 Ending Loan Count 624 871 1,775 Beginning Scheduled Balance 165,611,096.54 196,721,451.33 519,481,999.97 Ending Scheduled Balance 164,142,001.40 195,757,741.90 515,738,804.35 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 791,799.12 978,014.36 2,590,167.51 Scheduled Principal 21,783.45 24,609.25 71,715.35 Unscheduled Principal 1,447,311.69 939,100.18 3,671,480.27 Scheduled Interest 770,015.67 953,405.11 2,518,452.16 Servicing Fees 45,763.02 41,025.30 118,664.17 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 690.05 819.67 2,164.51 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 820.25 3,479.14 1,232.00 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 722,742.35 908,081.00 2,396,391.48 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 5.236912 5.539290 5.535649
Group Level Collateral Statement Group Group 1 AX Group 1 PAX Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.978160 6.030445 5.804671 Weighted Average Net Rate 5.723952 5.780445 5.528924 Weighted Average Maturity 358 358 358 Beginning Loan Count 188 145 3,618 Loans Paid In Full 3 0 18 Ending Loan Count 185 145 3,600 Beginning Scheduled Balance 83,345,540.15 61,728,124.21 1,026,888,212.20 Ending scheduled Balance 81,491,229.12 61,713,508.70 1,018,843,285.47 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 428,715.85 319,140.36 5,107,837.20 Scheduled Principal 13,505.02 8,933.65 140,546.72 Unscheduled Principal 1,840,806.01 5,681.86 7,904,380.01 Scheduled Interest 415,210.83 310,206.71 4,967,290.48 Servicing Fees 17,655.92 12,860.03 235,968.44 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 347.27 257.20 4,278.70 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 426.68 5,958.07 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 397,207.64 296,662.80 4,721,085.27 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 5.718952 5.767150 5.516961
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 4 1,384,000.00 1,383,460.80 0 0.00 0.00 Group III 4 917,630.00 917,630.00 0 0.00 0.00 Group IV 7 2,357,860.00 2,356,920.71 0 0.00 0.00 Group 1 AX 3 1,592,300.00 1,591,277.96 0 0.00 0.00 Group 1 PAX 0 0.00 0.00 0 0.00 0.00 Total 18 6,251,790.00 6,249,289.47 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 64,208.44 Group III 0 0.00 0.00 0 0.00 0.00 21,470.18 Group IV 0 0.00 0.00 0 0.00 0.00 1,315,025.82 Group 1 AX 0 0.00 0.00 0 0.00 0.00 250,042.83 Group 1 PAX 0 0.00 0.00 0 0.00 0.00 5,681.86 Total 0 0.00 0.00 0 0.00 0.00 1,656,429.13
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group II 0030677124 AZ 80.00 01-Jun-2005 220,000.00 220,000.00 Group II 0030700447 CA 80.00 01-Jul-2005 384,000.00 383,286.79 Group II 0116124587 CA 80.00 01-Jun-2005 680,000.00 679,816.46 Group II 0116136227 VA 22.94 01-May-2005 100,000.00 100,000.00 Group III 0116386467 FL 80.00 01-Jul-2005 231,920.00 231,920.00 Group III 0116390980 AZ 80.00 01-Jul-2005 295,200.00 295,200.00 Group III 0116392127 ID 90.00 01-Jul-2005 142,110.00 142,110.00 Group III 0116393612 TN 90.00 01-Jul-2005 248,400.00 248,400.00 Group IV 0116275983 AZ 80.00 01-Jul-2005 123,960.00 123,960.00 Group IV 0116277955 CA 47.32 01-Jun-2005 265,000.00 265,000.00 Group IV 0116371568 CA 80.00 01-Jul-2005 620,000.00 620,000.00 Group IV 0116376278 CA 69.41 01-Jul-2005 590,000.00 590,000.00 Group IV 0116377862 FL 76.25 01-Jul-2005 305,000.00 305,000.00 Group IV 0116378720 CA 52.24 01-Jul-2005 210,000.00 209,549.94 Group IV 0116379124 MI 78.42 01-May-2005 243,900.00 242,944.51 Group 1 AX 0030679054 FL 31.25 01-Jun-2005 500,000.00 498,463.18 Group 1 AX 0030743736 CA 80.00 01-Jul-2005 396,000.00 396,000.00 Group 1 AX 0030770762 AZ 80.00 01-Jul-2005 696,300.00 696,300.00
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group II 0030677124 Loan Paid in Full 0 6.250% 360 2 Group II 0030700447 Loan Paid in Full 0 6.375% 360 2 Group II 0116124587 Loan Paid in Full (1) 5.750% 360 2 Group II 0116136227 Loan Paid in Full (1) 5.500% 360 3 Group III 0116386467 Loan Paid in Full 0 5.750% 360 2 Group III 0116390980 Loan Paid in Full 0 5.875% 360 2 Group III 0116392127 Loan Paid in Full 0 6.375% 360 2 Group III 0116393612 Loan Paid in Full 0 6.625% 360 2 Group IV 0116275983 Loan Paid in Full 0 6.250% 360 2 Group IV 0116277955 Loan Paid in Full 0 6.125% 360 2 Group IV 0116371568 Loan Paid in Full 0 5.875% 360 2 Group IV 0116376278 Loan Paid in Full 0 5.625% 360 2 Group IV 0116377862 Loan Paid in Full 0 5.875% 360 2 Group IV 0116378720 Loan Paid in Full 0 5.625% 360 2 Group IV 0116379124 Loan Paid in Full 0 6.125% 360 3 Group 1 AX 0030679054 Loan Paid in Full 0 5.875% 360 2 Group 1 AX 0030743736 Loan Paid in Full 0 6.000% 360 2 Group 1 AX 0030770762 Loan Paid in Full 0 6.375% 360 2
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 0.770% Current Month 8.857% Current Month 1,808.372% 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. 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 Aug-2005 8.857% N/A Aug-2005 1,808.372% 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 II SMM CPR PSA Current Month 0.874% Current Month 9.999% Current Month 1,645.884% 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. 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 13.601% N/A Jul-2005 3,350.998% N/A Aug-2005 9.999% N/A Aug-2005 1,645.884% 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 III SMM CPR PSA Current Month 0.477% Current Month 5.581% Current Month 1,303.781% 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. 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 2.436% N/A Jul-2005 1,068.561% N/A Aug-2005 5.581% N/A Aug-2005 1,303.781% 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 IV SMM CPR PSA Current Month 0.707% Current Month 8.160% Current Month 1,840.091% 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. 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 4.110% N/A Jul-2005 1,688.394% N/A Aug-2005 8.160% N/A Aug-2005 1,840.091% 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 AX SMM CPR PSA Current Month 2.209% Current Month 23.513% Current Month 3,457.703% 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. 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 11.694% N/A Jul-2005 2,467.247% N/A Aug-2005 23.513% N/A Aug-2005 3,457.703% 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 PAX SMM CPR PSA Current Month 0.009% Current Month 0.110% Current Month 21.731% 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. 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 3.097% N/A Jul-2005 1,005.053% N/A Aug-2005 0.110% N/A Aug-2005 21.731% 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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 II 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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 III 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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 IV 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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 AX 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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 PAX 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. 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 Aug-2005 0.000% N/A Aug-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. 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 Aug-2005 0.000% N/A Aug-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)
-----END PRIVACY-ENHANCED MESSAGE-----