-----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, Q3kANPZAcuzrhCTr2i6NDwvp8CV9xAKOuXkjQR/b988Jlzg+HfZpTpyIJWg/YSnW 5ABVhLBNTWY4dU3YQVzLKg== 0001056404-05-003579.txt : 20051028 0001056404-05-003579.hdr.sgml : 20051028 20051028083139 ACCESSION NUMBER: 0001056404-05-003579 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051025 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051028 DATE AS OF CHANGE: 20051028 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: 051161454 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_10510.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 25, 2005 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 54-6671932 54-6671933 54-6671934 54-6671935 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 October 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 October 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 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: 10/25/2005 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 October 25, 2005 distribution. EX-99.1
Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 9/30/2005 Distribution Date: 10/25/2005 Structured Adjustable Rate Mortgage Loan 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% 124,325,645.76 524,239.81 1-A2 863579UM8 SEN 5.06000% 7,604,680.82 32,066.40 1-AX 863579UN6 SEN 5.06000% 0.00 41,961.05 1-PAX 863579UP1 SEN 5.06000% 0.00 36,297.48 2-A1 863579UQ9 SEN 5.23378% 145,218,791.66 633,369.07 2-A2 863579UR7 SEN 5.23378% 8,881,880.31 38,738.16 3-A1 863579US5 SEN 5.53738% 163,024,436.20 752,273.27 3-A2 863579UT3 SEN 5.53738% 21,241,960.85 98,020.64 4-A1 863579UU0 SEN 5.53517% 467,187,250.24 2,154,968.24 4-A2 863579UV8 SEN 5.53517% 13,864,068.63 63,950.01 B1 863579UW6 SUB 5.42057% 17,722,084.68 80,053.15 B2 863579UX4 SUB 5.42057% 11,987,322.44 54,148.42 B3 863579UY2 SUB 5.42057% 3,125,780.29 14,119.59 B4 863579UZ9 SUB 5.42057% 6,252,560.19 28,243.69 B5 863579VA3 SUB 5.42057% 2,084,186.73 9,414.56 B6 863579VB1 SUB 5.42057% 3,125,780.29 14,119.59 B7 863579VC9 SUB 5.42057% 2,084,186.73 9,414.56 B8 863580VE5 SUB 5.42057% 3,646,577.07 16,472.10 B9 863581VF2 SUB 5.42057% 4,168,373.46 18,829.13 B10 863582VG0 SUB 5.42057% 2,624,356.07 11,854.59 P-I SRM0515P1 SEN 0.00000% 0.00 0.00 P-II SRM0515P2 SEN 0.00000% 0.00 0.00 R 863579VD7 SEN 5.72795% 0.00 0.00 Totals 1,008,169,922.42 4,632,553.51
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A1 1,554,374.80 0.00 122,771,270.97 2,078,614.61 0.00 1-A2 95,077.12 0.00 7,509,603.70 127,143.52 0.00 1-AX 0.00 0.00 0.00 41,961.05 0.00 1-PAX 0.00 0.00 0.00 36,297.48 0.00 2-A1 1,086,764.52 0.00 144,132,027.14 1,720,133.59 0.00 2-A2 66,468.76 0.00 8,815,411.55 105,206.92 0.00 3-A1 1,263,316.85 0.00 161,761,119.35 2,015,590.12 0.00 3-A2 164,609.23 0.00 21,077,351.62 262,629.87 0.00 4-A1 5,133,879.48 0.00 462,053,370.76 7,288,847.72 0.00 4-A2 152,351.03 0.00 13,711,717.60 216,301.04 0.00 B1 2,463.53 0.00 17,719,621.15 82,516.68 0.00 B2 1,666.35 0.00 11,985,656.09 55,814.77 0.00 B3 434.51 0.00 3,125,345.78 14,554.10 0.00 B4 869.16 0.00 6,251,691.03 29,112.85 0.00 B5 289.72 0.00 2,083,897.01 9,704.28 0.00 B6 434.51 0.00 3,125,345.78 14,554.10 0.00 B7 289.72 0.00 2,083,897.01 9,704.28 0.00 B8 506.91 0.00 3,646,070.16 16,979.01 0.00 B9 579.44 0.00 4,167,794.02 19,408.57 0.00 B10 364.81 0.00 2,623,991.26 12,219.40 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 9,524,740.45 0.00 998,645,181.98 14,157,293.96 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 130,200,000.00 124,325,645.76 19,499.46 1,534,875.33 0.00 0.00 1-A2 7,964,000.00 7,604,680.82 1,192.73 93,884.39 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 149,390,000.00 145,218,791.66 19,184.44 1,067,580.08 0.00 0.00 2-A2 9,137,000.00 8,881,880.31 1,173.36 65,295.40 0.00 0.00 3-A1 166,486,000.00 163,024,436.20 20,529.67 1,242,787.18 0.00 0.00 3-A2 21,693,000.00 21,241,960.85 2,675.00 161,934.23 0.00 0.00 4-A1 486,797,000.00 467,187,250.24 65,960.90 5,067,918.58 0.00 0.00 4-A2 14,446,000.00 13,864,068.63 1,957.43 150,393.60 0.00 0.00 B1 17,729,000.00 17,722,084.68 2,463.53 0.00 0.00 0.00 B2 11,992,000.00 11,987,322.44 1,666.35 0.00 0.00 0.00 B3 3,127,000.00 3,125,780.29 434.51 0.00 0.00 0.00 B4 6,255,000.00 6,252,560.19 869.16 0.00 0.00 0.00 B5 2,085,000.00 2,084,186.73 289.72 0.00 0.00 0.00 B6 3,127,000.00 3,125,780.29 434.51 0.00 0.00 0.00 B7 2,085,000.00 2,084,186.73 289.72 0.00 0.00 0.00 B8 3,648,000.00 3,646,577.07 506.91 0.00 0.00 0.00 B9 4,170,000.00 4,168,373.46 579.44 0.00 0.00 0.00 B10 2,625,380.12 2,624,356.07 364.81 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 0.00 0.00 0.00 0.00 0.00 Totals 1,042,956,480.12 1,008,169,922.42 140,071.65 9,384,668.79 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 1,554,374.80 122,771,270.97 0.94294371 1,554,374.80 1-A2 95,077.12 7,509,603.70 0.94294371 95,077.12 1-AX 0.00 0.00 0.00000000 0.00 1-PAX 0.00 0.00 0.00000000 0.00 2-A1 1,086,764.52 144,132,027.14 0.96480372 1,086,764.52 2-A2 66,468.76 8,815,411.55 0.96480372 66,468.76 3-A1 1,263,316.85 161,761,119.35 0.97161995 1,263,316.85 3-A2 164,609.23 21,077,351.62 0.97161995 164,609.23 4-A1 5,133,879.48 462,053,370.76 0.94917054 5,133,879.48 4-A2 152,351.03 13,711,717.60 0.94917054 152,351.03 B1 2,463.53 17,719,621.15 0.99947099 2,463.53 B2 1,666.35 11,985,656.09 0.99947099 1,666.35 B3 434.51 3,125,345.78 0.99947099 434.51 B4 869.16 6,251,691.03 0.99947099 869.16 B5 289.72 2,083,897.01 0.99947099 289.72 B6 434.51 3,125,345.78 0.99947099 434.51 B7 289.72 2,083,897.01 0.99947099 289.72 B8 506.91 3,646,070.16 0.99947099 506.91 B9 579.44 4,167,794.02 0.99947099 579.44 B10 364.81 2,623,991.26 0.99947099 364.81 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 9,524,740.45 998,645,181.98 0.95751376 9,524,740.45
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 130,200,000.00 954.88207189 0.14976544 11.78859700 0.00000000 1-A2 7,964,000.00 954.88207182 0.14976519 11.78859744 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 149,390,000.00 972.07839655 0.12841850 7.14626200 0.00000000 2-A2 9,137,000.00 972.07839663 0.12841852 7.14626245 0.00000000 3-A1 166,486,000.00 979.20807876 0.12331169 7.46481494 0.00000000 3-A2 21,693,000.00 979.20807864 0.12331167 7.46481492 0.00000000 4-A1 486,797,000.00 959.71678182 0.13549981 10.41074325 0.00000000 4-A2 14,446,000.00 959.71678181 0.13549979 10.41074346 0.00000000 B1 17,729,000.00 999.60994303 0.13895482 0.00000000 0.00000000 B2 11,992,000.00 999.60994330 0.13895514 0.00000000 0.00000000 B3 3,127,000.00 999.60994244 0.13895427 0.00000000 0.00000000 B4 6,255,000.00 999.60994245 0.13895444 0.00000000 0.00000000 B5 2,085,000.00 999.60994245 0.13895444 0.00000000 0.00000000 B6 3,127,000.00 999.60994244 0.13895427 0.00000000 0.00000000 B7 2,085,000.00 999.60994245 0.13895444 0.00000000 0.00000000 B8 3,648,000.00 999.60994243 0.13895559 0.00000000 0.00000000 B9 4,170,000.00 999.60994245 0.13895444 0.00000000 0.00000000 B10 2,625,380.12 999.60994220 0.13895512 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 11.93836252 942.94370945 0.94294371 11.93836252 1-A2 0.00000000 11.93836263 942.94370919 0.94294371 11.93836263 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 7.27468050 964.80371605 0.96480372 7.27468050 2-A2 0.00000000 7.27468097 964.80371566 0.96480372 7.27468097 3-A1 0.00000000 7.58812663 971.61995213 0.97161995 7.58812663 3-A2 0.00000000 7.58812658 971.61995206 0.97161995 7.58812658 4-A1 0.00000000 10.54624305 949.17053877 0.94917054 10.54624305 4-A2 0.00000000 10.54624325 949.17053856 0.94917054 10.54624325 B1 0.00000000 0.13895482 999.47098821 0.99947099 0.13895482 B2 0.00000000 0.13895514 999.47098816 0.99947099 0.13895514 B3 0.00000000 0.13895427 999.47098817 0.99947099 0.13895427 B4 0.00000000 0.13895444 999.47098801 0.99947099 0.13895444 B5 0.00000000 0.13895444 999.47098801 0.99947099 0.13895444 B6 0.00000000 0.13895427 999.47098817 0.99947099 0.13895427 B7 0.00000000 0.13895444 999.47098801 0.99947099 0.13895444 B8 0.00000000 0.13895559 999.47098684 0.99947099 0.13895559 B9 0.00000000 0.13895444 999.47098801 0.99947099 0.13895444 B10 0.00000000 0.13895512 999.47098708 0.99947099 0.13895512 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% 124,325,645.76 524,239.81 0.00 0.00 1-A2 7,964,000.00 5.06000% 7,604,680.82 32,066.40 0.00 0.00 1-AX 0.00 5.06000% 9,951,236.05 41,961.05 0.00 0.00 1-PAX 0.00 5.06000% 8,608,097.03 36,297.48 0.00 0.00 2-A1 149,390,000.00 5.23378% 145,218,791.66 633,369.07 0.00 0.00 2-A2 9,137,000.00 5.23378% 8,881,880.31 38,738.16 0.00 0.00 3-A1 166,486,000.00 5.53738% 163,024,436.20 752,273.27 0.00 0.00 3-A2 21,693,000.00 5.53738% 21,241,960.85 98,020.64 0.00 0.00 4-A1 486,797,000.00 5.53517% 467,187,250.24 2,154,968.24 0.00 0.00 4-A2 14,446,000.00 5.53517% 13,864,068.63 63,950.01 0.00 0.00 B1 17,729,000.00 5.42057% 17,722,084.68 80,053.15 0.00 0.00 B2 11,992,000.00 5.42057% 11,987,322.44 54,148.42 0.00 0.00 B3 3,127,000.00 5.42057% 3,125,780.29 14,119.59 0.00 0.00 B4 6,255,000.00 5.42057% 6,252,560.19 28,243.69 0.00 0.00 B5 2,085,000.00 5.42057% 2,084,186.73 9,414.56 0.00 0.00 B6 3,127,000.00 5.42057% 3,125,780.29 14,119.59 0.00 0.00 B7 2,085,000.00 5.42057% 2,084,186.73 9,414.56 0.00 0.00 B8 3,648,000.00 5.42057% 3,646,577.07 16,472.10 0.00 0.00 B9 4,170,000.00 5.42057% 4,168,373.46 18,829.13 0.00 0.00 B10 2,625,380.12 5.42057% 2,624,356.07 11,854.59 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 5.72795% 0.00 0.00 0.00 0.00 Totals 1,042,956,480.12 4,632,553.51 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 0.00 524,239.81 0.00 122,771,270.97 1-A2 0.00 0.00 32,066.40 0.00 7,509,603.70 1-AX 0.00 0.00 41,961.05 0.00 9,905,550.41 1-PAX 0.00 0.00 36,297.48 0.00 8,555,573.81 2-A1 0.00 0.00 633,369.07 0.00 144,132,027.14 2-A2 0.00 0.00 38,738.16 0.00 8,815,411.55 3-A1 0.00 0.00 752,273.27 0.00 161,761,119.35 3-A2 0.00 0.00 98,020.64 0.00 21,077,351.62 4-A1 0.00 0.00 2,154,968.24 0.00 462,053,370.76 4-A2 0.00 0.00 63,950.01 0.00 13,711,717.60 B1 0.00 0.00 80,053.15 0.00 17,719,621.15 B2 0.00 0.00 54,148.42 0.00 11,985,656.09 B3 0.00 0.00 14,119.59 0.00 3,125,345.78 B4 0.00 0.00 28,243.69 0.00 6,251,691.03 B5 0.00 0.00 9,414.56 0.00 2,083,897.01 B6 0.00 0.00 14,119.59 0.00 3,125,345.78 B7 0.00 0.00 9,414.56 0.00 2,083,897.01 B8 0.00 0.00 16,472.10 0.00 3,646,070.16 B9 0.00 0.00 18,829.13 0.00 4,167,794.02 B10 0.00 0.00 11,854.59 0.00 2,623,991.26 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 4,632,553.51 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% 954.88207189 4.02641943 0.00000000 0.00000000 1-A2 7,964,000.00 5.06000% 954.88207182 4.02641888 0.00000000 0.00000000 1-AX 0.00 5.06000% 909.10870988 3.83340882 0.00000000 0.00000000 1-PAX 0.00 5.06000% 993.73609186 4.19025434 0.00000000 0.00000000 2-A1 149,390,000.00 5.23378% 972.07839655 4.23970192 0.00000000 0.00000000 2-A2 9,137,000.00 5.23378% 972.07839663 4.23970231 0.00000000 0.00000000 3-A1 166,486,000.00 5.53738% 979.20807876 4.51853771 0.00000000 0.00000000 3-A2 21,693,000.00 5.53738% 979.20807864 4.51853778 0.00000000 0.00000000 4-A1 486,797,000.00 5.53517% 959.71678182 4.42683139 0.00000000 0.00000000 4-A2 14,446,000.00 5.53517% 959.71678181 4.42683165 0.00000000 0.00000000 B1 17,729,000.00 5.42057% 999.60994303 4.51537876 0.00000000 0.00000000 B2 11,992,000.00 5.42057% 999.60994330 4.51537859 0.00000000 0.00000000 B3 3,127,000.00 5.42057% 999.60994244 4.51537896 0.00000000 0.00000000 B4 6,255,000.00 5.42057% 999.60994245 4.51537810 0.00000000 0.00000000 B5 2,085,000.00 5.42057% 999.60994245 4.51537650 0.00000000 0.00000000 B6 3,127,000.00 5.42057% 999.60994244 4.51537896 0.00000000 0.00000000 B7 2,085,000.00 5.42057% 999.60994245 4.51537650 0.00000000 0.00000000 B8 3,648,000.00 5.42057% 999.60994243 4.51537829 0.00000000 0.00000000 B9 4,170,000.00 5.42057% 999.60994245 4.51537890 0.00000000 0.00000000 B10 2,625,380.12 5.42057% 999.60994220 4.51538042 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 5.72795% 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 4.02641943 0.00000000 942.94370945 1-A2 0.00000000 0.00000000 4.02641888 0.00000000 942.94370919 1-AX 0.00000000 0.00000000 3.83340882 0.00000000 904.93503607 1-PAX 0.00000000 0.00000000 4.19025434 0.00000000 987.67270536 2-A1 0.00000000 0.00000000 4.23970192 0.00000000 964.80371605 2-A2 0.00000000 0.00000000 4.23970231 0.00000000 964.80371566 3-A1 0.00000000 0.00000000 4.51853771 0.00000000 971.61995213 3-A2 0.00000000 0.00000000 4.51853778 0.00000000 971.61995206 4-A1 0.00000000 0.00000000 4.42683139 0.00000000 949.17053877 4-A2 0.00000000 0.00000000 4.42683165 0.00000000 949.17053856 B1 0.00000000 0.00000000 4.51537876 0.00000000 999.47098821 B2 0.00000000 0.00000000 4.51537859 0.00000000 999.47098816 B3 0.00000000 0.00000000 4.51537896 0.00000000 999.47098817 B4 0.00000000 0.00000000 4.51537810 0.00000000 999.47098801 B5 0.00000000 0.00000000 4.51537650 0.00000000 999.47098801 B6 0.00000000 0.00000000 4.51537896 0.00000000 999.47098817 B7 0.00000000 0.00000000 4.51537650 0.00000000 999.47098801 B8 0.00000000 0.00000000 4.51537829 0.00000000 999.47098684 B9 0.00000000 0.00000000 4.51537890 0.00000000 999.47098801 B10 0.00000000 0.00000000 4.51538042 0.00000000 999.47098708 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 14,393,287.41 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 14,393,287.41 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 235,993.45 Payment of Interest and Principal 14,157,293.96 Total Withdrawals (Pool Distribution Amount) 14,393,287.41 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 231,792.74 Wells Fargo Bank, N.A. - Trustee Fee 4,200.71 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 235,993.45
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Funding Account 1,351.27 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 47 0 0 0 47 14,075,636.90 0.00 0.00 0.00 14,075,636.90 60 Days 4 0 0 0 4 582,613.18 0.00 0.00 0.00 582,613.18 90 Days 4 0 0 0 4 835,930.00 0.00 0.00 0.00 835,930.00 120 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 55 0 0 0 55 15,494,180.08 0.00 0.00 0.00 15,494,180.08 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.325063% 0.000000% 0.000000% 0.000000% 1.325063% 1.409331% 0.000000% 0.000000% 0.000000% 1.409331% 60 Days 0.112771% 0.000000% 0.000000% 0.000000% 0.112771% 0.058334% 0.000000% 0.000000% 0.000000% 0.058334% 90 Days 0.112771% 0.000000% 0.000000% 0.000000% 0.112771% 0.083698% 0.000000% 0.000000% 0.000000% 0.083698% 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 1.550606% 0.000000% 0.000000% 0.000000% 1.550606% 1.551363% 0.000000% 0.000000% 0.000000% 1.551363%
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 1,459,956.56 0.00 0.00 0.00 1,459,956.56 60 Days 2 0 0 0 2 378,571.31 0.00 0.00 0.00 378,571.31 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 1,838,527.87 0.00 0.00 0.00 1,838,527.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.975610% 0.000000% 0.000000% 0.000000% 0.975610% 0.900662% 0.000000% 0.000000% 0.000000% 0.900662% 60 Days 0.325203% 0.000000% 0.000000% 0.000000% 0.325203% 0.233545% 0.000000% 0.000000% 0.000000% 0.233545% 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 1.300813% 0.000000% 0.000000% 0.000000% 1.300813% 1.134207% 0.000000% 0.000000% 0.000000% 1.134207% 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 13 0 0 0 13 4,036,636.38 0.00 0.00 0.00 4,036,636.38 60 Days 1 0 0 0 1 55,641.87 0.00 0.00 0.00 55,641.87 90 Days 2 0 0 0 2 138,330.00 0.00 0.00 0.00 138,330.00 120 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 16 0 0 0 16 4,230,608.25 0.00 0.00 0.00 4,230,608.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.506373% 0.000000% 0.000000% 0.000000% 1.506373% 2.083978% 0.000000% 0.000000% 0.000000% 2.083978% 60 Days 0.115875% 0.000000% 0.000000% 0.000000% 0.115875% 0.028726% 0.000000% 0.000000% 0.000000% 0.028726% 90 Days 0.231750% 0.000000% 0.000000% 0.000000% 0.231750% 0.071415% 0.000000% 0.000000% 0.000000% 0.071415% 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 1.853998% 0.000000% 0.000000% 0.000000% 1.853998% 2.184119% 0.000000% 0.000000% 0.000000% 2.184119% 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 23 0 0 0 23 6,945,982.44 0.00 0.00 0.00 6,945,982.44 60 Days 1 0 0 0 1 148,400.00 0.00 0.00 0.00 148,400.00 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 24 0 0 0 24 7,094,382.44 0.00 0.00 0.00 7,094,382.44 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.314286% 0.000000% 0.000000% 0.000000% 1.314286% 1.376275% 0.000000% 0.000000% 0.000000% 1.376275% 60 Days 0.057143% 0.000000% 0.000000% 0.000000% 0.057143% 0.029404% 0.000000% 0.000000% 0.000000% 0.029404% 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 1.371429% 0.000000% 0.000000% 0.000000% 1.371429% 1.405679% 0.000000% 0.000000% 0.000000% 1.405679% 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 2 0 0 0 2 1,000,731.66 0.00 0.00 0.00 1,000,731.66 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 445,600.00 0.00 0.00 0.00 445,600.00 120 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 3 0 0 0 3 1,446,331.66 0.00 0.00 0.00 1,446,331.66 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.136364% 0.000000% 0.000000% 0.000000% 1.136364% 1.296938% 0.000000% 0.000000% 0.000000% 1.296938% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.568182% 0.000000% 0.000000% 0.000000% 0.568182% 0.577493% 0.000000% 0.000000% 0.000000% 0.577493% 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 1.704545% 0.000000% 0.000000% 0.000000% 1.704545% 1.874431% 0.000000% 0.000000% 0.000000% 1.874431% 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 3 632,329.86 0.00 0.00 0.00 632,329.86 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 252,000.00 0.00 0.00 0.00 252,000.00 120 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 4 884,329.86 0.00 0.00 0.00 884,329.86 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.097902% 0.000000% 0.000000% 0.000000% 2.097902% 1.035014% 0.000000% 0.000000% 0.000000% 1.035014% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.699301% 0.000000% 0.000000% 0.000000% 0.699301% 0.412480% 0.000000% 0.000000% 0.000000% 0.412480% 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 2.797203% 0.000000% 0.000000% 0.000000% 2.797203% 1.447494% 0.000000% 0.000000% 0.000000% 1.447494%
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 0.03623900% Fraud 10,445,728.00 1.00154975% 10,445,728.00 1.04598993% Special Hazard 10,268,882.12 0.98459354% 9,986,451.82 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 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group IV 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 AX 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 PAX 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current REO Total Mar-05 0.000% Loans in REO 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group IV 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 AX 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 PAX 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Nov-04 0.000% Original Principal Balance 0.00 Dec-04 0.000% Current Principal Balance 0.00 Jan-05 0.000% Feb-05 0.000% Current Foreclosure Total Mar-05 0.000% Loans in Foreclosure 0 Apr-05 0.000% Original Principal Balance 0.00 May-05 0.000% Current Principal Balance 0.00 Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
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 5.801996% Weighted Average Net Coupon 5.526099% Weighted Average Pass-Through Rate 5.514014% Weighted Average Maturity(Stepdown Calculation) 356 Beginning Scheduled Collateral Loan Count 3,572 Number Of Loans Paid In Full 25 Ending Scheduled Collateral Loan Count 3,547 Beginning Scheduled Collateral Balance 1,008,169,922.44 Ending Scheduled Collateral Balance 998,645,181.99 Ending Actual Collateral Balance at 30-Sep-2005 998,745,948.33 Monthly P&I Constant 5,014,570.11 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 140,071.66 Unscheduled Principal 9,384,668.79
Group Level Collateral Statement Group Group II Group III Group IV Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.576766 5.814020 5.817242 Weighted Average Net Rate 5.244801 5.563763 5.543065 Weighted Average Maturity 356 356 356 Beginning Loan Count 620 868 1,761 Loans Paid In Full 5 5 11 Ending Loan Count 615 863 1,750 Beginning Scheduled Balance 163,234,957.04 195,110,025.72 509,933,687.78 Ending Scheduled Balance 162,080,517.06 193,680,734.10 504,643,379.45 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal And Interest Constant 780,167.20 969,881.47 2,544,002.46 Scheduled Principal 21,564.50 24,570.21 71,996.15 Unscheduled Principal 1,132,875.48 1,404,721.41 5,218,312.18 Scheduled Interest 758,602.70 945,311.26 2,472,006.31 Servicing Fees 45,156.95 40,689.59 116,510.10 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 680.15 812.96 2,124.72 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 819.55 3,477.20 1,229.74 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 711,946.05 900,331.51 2,352,141.75 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 5.233776 5.537377 5.535171
Group Level Collateral Statement Group Group 1 AX Group 1 PAX Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.961109 6.032537 5.801996 Weighted Average Net Rate 5.706642 5.782537 5.526099 Weighted Average Maturity 356 356 356 Beginning Loan Count 179 144 3,572 Loans Paid In Full 3 1 25 Ending Loan Count 176 143 3,547 Beginning Scheduled Balance 78,475,516.52 61,415,735.38 1,008,169,922.44 Ending scheduled Balance 77,149,414.82 61,091,136.56 998,645,181.99 Record Date 09/30/2005 09/30/2005 09/30/2005 Principal And Interest Constant 403,011.87 317,507.11 5,014,570.11 Scheduled Principal 13,177.62 8,763.18 140,071.66 Unscheduled Principal 1,312,924.08 315,835.64 9,384,668.79 Scheduled Interest 389,834.25 308,743.93 4,874,498.45 Servicing Fees 16,641.16 12,794.94 231,792.74 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 326.98 255.90 4,200.71 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 425.96 5,952.45 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 372,866.11 295,267.13 4,632,552.55 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 5.701642 5.769215 5.514014
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 5 1,099,100.00 1,096,953.35 0 0.00 0.00 Group III 5 1,383,650.00 1,383,650.00 0 0.00 0.00 Group IV 11 4,915,550.00 4,914,734.84 0 0.00 0.00 Group 1 AX 3 1,302,718.00 1,300,196.40 0 0.00 0.00 Group 1 PAX 1 306,490.00 305,187.72 0 0.00 0.00 Total 25 9,007,508.00 9,000,722.31 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 36,130.43 Group III 0 0.00 0.00 0 0.00 0.00 21,071.41 Group IV 0 0.00 0.00 0 0.00 0.00 303,745.43 Group 1 AX 0 0.00 0.00 0 0.00 0.00 12,727.68 Group 1 PAX 0 0.00 0.00 0 0.00 0.00 10,912.87 Total 0 0.00 0.00 0 0.00 0.00 384,587.82
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group II 0116133661 AZ 63.03 01-May-2005 201,700.00 201,700.00 Group II 0116135021 HI 8.82 01-Jun-2005 150,000.00 150,000.00 Group II 0116135310 WA 75.00 01-May-2005 337,500.00 337,500.00 Group II 0116136516 MA 82.55 01-May-2005 194,000.00 191,645.05 Group II 0116137829 FL 79.99 01-May-2005 215,900.00 215,900.00 Group III 0115654246 OH 80.00 01-Dec-2004 256,000.00 256,000.00 Group III 0116386897 NV 62.23 01-Jul-2005 192,900.00 192,900.00 Group III 0116391327 TX 72.09 01-Jul-2005 77,500.00 77,500.00 Group III 0116392929 MA 90.00 01-Jul-2005 328,500.00 328,500.00 Group III 0116394297 IL 75.00 01-Jul-2005 528,750.00 528,750.00 Group IV 0115654063 CA 64.00 01-May-2005 320,000.00 319,917.71 Group IV 0115749699 AR 88.73 01-May-2005 193,200.00 193,199.96 Group IV 0116273772 CA 74.47 01-Jun-2005 210,000.00 210,000.00 Group IV 0116274358 IN 77.04 01-Jun-2005 41,600.00 41,395.74 Group IV 0116275520 UT 80.00 01-Jun-2005 182,400.00 182,400.00 Group IV 0116277351 AZ 75.00 01-Jun-2005 273,750.00 273,750.00 Group IV 0116375957 CA 60.32 01-Jul-2005 760,000.00 759,999.00 Group IV 0116376468 CA 65.00 01-Jul-2005 2,015,000.00 2,015,000.00 Group IV 0116381658 AZ 70.00 01-Jul-2005 131,600.00 131,096.64 Group IV 0116383258 FL 65.86 01-Jul-2005 355,000.00 354,807.70 Group IV 0116554304 FL 48.11 01-Jul-2005 433,000.00 433,000.00 Group 1 AX 0018317834 NM 80.00 01-Nov-2004 220,800.00 220,800.00 Group 1 AX 0030393334 MD 80.00 01-May-2005 588,768.00 586,246.40 Group 1 AX 0030717193 VA 79.99 01-Jun-2005 493,150.00 493,150.00 Group 1 PAX 0116253949 FL 100.00 01-May-2005 306,490.00 304,922.77
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group II 0116133661 Loan Paid in Full 0 5.625% 360 5 Group II 0116135021 Loan Paid in Full 0 5.500% 360 4 Group II 0116135310 Loan Paid in Full 0 5.375% 360 5 Group II 0116136516 Loan Paid in Full 0 5.875% 360 5 Group II 0116137829 Loan Paid in Full (1) 5.750% 360 5 Group III 0115654246 Loan Paid in Full 0 5.000% 360 10 Group III 0116386897 Loan Paid in Full 0 6.000% 360 4 Group III 0116391327 Loan Paid in Full (1) 6.375% 360 4 Group III 0116392929 Loan Paid in Full (1) 6.375% 360 4 Group III 0116394297 Loan Paid in Full 0 5.875% 360 4 Group IV 0115654063 Loan Paid in Full 0 5.750% 360 5 Group IV 0115749699 Loan Paid in Full 0 5.875% 360 5 Group IV 0116273772 Loan Paid in Full 0 6.000% 360 4 Group IV 0116274358 Loan Paid in Full 1 6.125% 360 4 Group IV 0116275520 Loan Paid in Full (1) 6.250% 360 4 Group IV 0116277351 Loan Paid in Full 0 6.125% 360 4 Group IV 0116375957 Loan Paid in Full (1) 5.875% 360 4 Group IV 0116376468 Loan Paid in Full 0 5.750% 360 4 Group IV 0116381658 Loan Paid in Full (1) 6.250% 360 4 Group IV 0116383258 Loan Paid in Full 0 6.500% 360 4 Group IV 0116554304 Loan Paid in Full (1) 6.875% 360 4 Group 1 AX 0018317834 Loan Paid in Full 0 5.500% 360 11 Group 1 AX 0030393334 Loan Paid in Full 0 5.750% 360 5 Group 1 AX 0030717193 Loan Paid in Full 0 6.875% 360 4 Group 1 PAX 0116253949 Loan Paid in Full (1) 6.875% 360 5
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 0.931% Current Month 10.617% Current Month 1,194.033% 3 Month Average 0.912% 3 Month Average 10.400% 3 Month Average 1,567.713% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 5.974% N/A Jul-2005 2,065.263% N/A Aug-2005 8.857% N/A Aug-2005 1,808.372% N/A Sep-2005 11.726% N/A Sep-2005 1,700.734% N/A Oct-2005 10.617% N/A Oct-2005 1,194.033% 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 0.694% Current Month 8.019% Current Month 795.911% 3 Month Average 0.703% 3 Month Average 8.101% 3 Month Average 1,073.494% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 13.601% N/A Jul-2005 3,350.998% N/A Aug-2005 9.999% N/A Aug-2005 1,645.884% N/A Sep-2005 6.286% N/A Sep-2005 778.686% N/A Oct-2005 8.019% N/A Oct-2005 795.911% 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 0.720% Current Month 8.307% Current Month 1,005.069% 3 Month Average 0.505% 3 Month Average 5.880% 3 Month Average 968.872% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 2.436% N/A Jul-2005 1,068.561% N/A Aug-2005 5.581% N/A Aug-2005 1,303.781% N/A Sep-2005 3.753% N/A Sep-2005 597.767% N/A Oct-2005 8.307% N/A Oct-2005 1,005.069% 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 1.023% Current Month 11.613% Current Month 1,376.817% 3 Month Average 0.947% 3 Month Average 10.776% 3 Month Average 1,722.922% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 4.110% N/A Jul-2005 1,688.394% N/A Aug-2005 8.160% N/A Aug-2005 1,840.091% N/A Sep-2005 12.556% N/A Sep-2005 1,951.857% N/A Oct-2005 11.613% N/A Oct-2005 1,376.817% 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 1.673% Current Month 18.331% Current Month 1,687.971% 3 Month Average 2.523% 3 Month Average 26.039% 3 Month Average 3,078.782% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 11.694% N/A Jul-2005 2,467.247% N/A Aug-2005 23.513% N/A Aug-2005 3,457.703% N/A Sep-2005 36.274% N/A Sep-2005 4,090.673% N/A Oct-2005 18.331% N/A Oct-2005 1,687.971% 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 0.514% Current Month 6.000% Current Month 664.358% 3 Month Average 0.331% 3 Month Average 3.862% 3 Month Average 488.000% 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. 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 Sep-2005 5.474% N/A Sep-2005 777.910% N/A Oct-2005 6.000% N/A Oct-2005 664.358% 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
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