8-K 1 aeg05004_10509.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 26, 2005 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2005-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-124934-02 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 26, 2005 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2005-4 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 2005-4 Trust, relating to the September 26, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2005-4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 9/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the September 26, 2005 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Series 2005-4 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 IA1 00764MGC5 SEN 3.77938% 176,768,000.00 501,055.08 IA2 00764MGD3 SEN 3.84938% 100,000,000.00 288,703.50 IA3 00764MGE1 SEN 3.93938% 64,175,000.00 189,607.28 IA4 00764MGV3 SEN 4.03938% 42,854,000.00 129,827.69 IIA 00764MGF8 SEN 3.91938% 383,703,000.00 1,127,908.40 M1 00764MGG6 MEZ 4.11938% 40,000,000.00 123,581.40 M2 00764MGH4 MEZ 4.13938% 37,000,000.00 114,867.80 M3 00764MGJ0 MEZ 4.16938% 21,500,000.00 67,231.25 M4 00764MGK7 MEZ 4.26938% 19,500,000.00 62,439.68 M5 00764MGL5 MEZ 4.30938% 17,500,000.00 56,560.61 M6 00764MGM3 MEZ 4.36938% 16,500,000.00 54,071.08 B1 00764MGN1 SUB 4.79938% 15,000,000.00 53,993.03 B2 00764MGP6 SUB 4.99938% 13,000,000.00 48,743.96 B3 00764MGQ4 SUB 5.39938% 11,000,000.00 44,544.89 B4 00764MGR2 SUB 6.16938% 7,500,000.00 34,702.76 B5 00764MGS0 SUB 6.16938% 10,000,000.00 46,270.35 B6 00764MGT8 SUB 6.16938% 8,000,000.00 37,016.28 B7 00764MGU5 SUB 6.16938% 10,500,000.00 48,583.87 X AEG05004X SEN 0.00000% 5,500,511.82 2,618,767.77 P AEG05004P SEN 0.00000% 100.00 12,765.59 R AEG0504R1 RES 0.00000% 0.00 0.00 Totals 1,000,000,611.82 5,661,242.27
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses IA1 1,412,889.48 0.00 175,355,110.52 1,913,944.56 0.00 IA2 0.00 0.00 100,000,000.00 288,703.50 0.00 IA3 0.00 0.00 64,175,000.00 189,607.28 0.00 IA4 0.00 0.00 42,854,000.00 129,827.69 0.00 IIA 1,108,941.22 0.00 382,594,058.78 2,236,849.62 0.00 M1 0.00 0.00 40,000,000.00 123,581.40 0.00 M2 0.00 0.00 37,000,000.00 114,867.80 0.00 M3 0.00 0.00 21,500,000.00 67,231.25 0.00 M4 0.00 0.00 19,500,000.00 62,439.68 0.00 M5 0.00 0.00 17,500,000.00 56,560.61 0.00 M6 0.00 0.00 16,500,000.00 54,071.08 0.00 B1 0.00 0.00 15,000,000.00 53,993.03 0.00 B2 0.00 0.00 13,000,000.00 48,743.96 0.00 B3 0.00 0.00 11,000,000.00 44,544.89 0.00 B4 0.00 0.00 7,500,000.00 34,702.76 0.00 B5 0.00 0.00 10,000,000.00 46,270.35 0.00 B6 0.00 0.00 8,000,000.00 37,016.28 0.00 B7 0.00 0.00 10,500,000.00 48,583.87 0.00 X 0.00 0.00 5,499,900.00 2,618,767.77 0.00 P 0.00 0.00 100.00 12,765.59 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 2,521,830.70 0.00 997,478,169.30 8,183,072.97 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) IA1 176,768,000.00 176,768,000.00 0.00 1,412,889.48 0.00 0.00 IA2 100,000,000.00 100,000,000.00 0.00 0.00 0.00 0.00 IA3 64,175,000.00 64,175,000.00 0.00 0.00 0.00 0.00 IA4 42,854,000.00 42,854,000.00 0.00 0.00 0.00 0.00 IIA 383,703,000.00 383,703,000.00 0.00 1,108,941.22 0.00 0.00 M1 40,000,000.00 40,000,000.00 0.00 0.00 0.00 0.00 M2 37,000,000.00 37,000,000.00 0.00 0.00 0.00 0.00 M3 21,500,000.00 21,500,000.00 0.00 0.00 0.00 0.00 M4 19,500,000.00 19,500,000.00 0.00 0.00 0.00 0.00 M5 17,500,000.00 17,500,000.00 0.00 0.00 0.00 0.00 M6 16,500,000.00 16,500,000.00 0.00 0.00 0.00 0.00 B1 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 B2 13,000,000.00 13,000,000.00 0.00 0.00 0.00 0.00 B3 11,000,000.00 11,000,000.00 0.00 0.00 0.00 0.00 B4 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B5 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 B6 8,000,000.00 8,000,000.00 0.00 0.00 0.00 0.00 B7 10,500,000.00 10,500,000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 994,500,000.00 994,500,000.00 0.00 2,521,830.70 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 IA1 1,412,889.48 175,355,110.52 0.99200710 1,412,889.48 IA2 0.00 100,000,000.00 1.00000000 0.00 IA3 0.00 64,175,000.00 1.00000000 0.00 IA4 0.00 42,854,000.00 1.00000000 0.00 IIA 1,108,941.22 382,594,058.78 0.99710990 1,108,941.22 M1 0.00 40,000,000.00 1.00000000 0.00 M2 0.00 37,000,000.00 1.00000000 0.00 M3 0.00 21,500,000.00 1.00000000 0.00 M4 0.00 19,500,000.00 1.00000000 0.00 M5 0.00 17,500,000.00 1.00000000 0.00 M6 0.00 16,500,000.00 1.00000000 0.00 B1 0.00 15,000,000.00 1.00000000 0.00 B2 0.00 13,000,000.00 1.00000000 0.00 B3 0.00 11,000,000.00 1.00000000 0.00 B4 0.00 7,500,000.00 1.00000000 0.00 B5 0.00 10,000,000.00 1.00000000 0.00 B6 0.00 8,000,000.00 1.00000000 0.00 B7 0.00 10,500,000.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 2,521,830.70 991,978,169.30 0.99746422 2,521,830.70
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion IA1 176,768,000.00 1000.00000000 0.00000000 7.99290301 0.00000000 IA2 100,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IA3 64,175,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IA4 42,854,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IIA 383,703,000.00 1000.00000000 0.00000000 2.89010307 0.00000000 M1 40,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 21,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 19,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 17,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 16,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 13,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 11,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B4 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B5 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B6 8,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B7 10,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,500,511.82 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution IA1 0.00000000 7.99290301 992.00709699 0.99200710 7.99290301 IA2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IA3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IA4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IIA 0.00000000 2.89010307 997.10989693 0.99710990 2.89010307 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.88877035 0.99988877 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 IA1 176,768,000.00 3.77938% 176,768,000.00 501,055.08 0.00 0.00 IA2 100,000,000.00 3.84938% 100,000,000.00 288,703.50 0.00 0.00 IA3 64,175,000.00 3.93938% 64,175,000.00 189,607.28 0.00 0.00 IA4 42,854,000.00 4.03938% 42,854,000.00 129,827.69 0.00 0.00 IIA 383,703,000.00 3.91938% 383,703,000.00 1,127,908.40 0.00 0.00 M1 40,000,000.00 4.11938% 40,000,000.00 123,581.40 0.00 0.00 M2 37,000,000.00 4.13938% 37,000,000.00 114,867.80 0.00 0.00 M3 21,500,000.00 4.16938% 21,500,000.00 67,231.25 0.00 0.00 M4 19,500,000.00 4.26938% 19,500,000.00 62,439.68 0.00 0.00 M5 17,500,000.00 4.30938% 17,500,000.00 56,560.61 0.00 0.00 M6 16,500,000.00 4.36938% 16,500,000.00 54,071.08 0.00 0.00 B1 15,000,000.00 4.79938% 15,000,000.00 53,993.03 0.00 0.00 B2 13,000,000.00 4.99938% 13,000,000.00 48,743.96 0.00 0.00 B3 11,000,000.00 5.39938% 11,000,000.00 44,544.89 0.00 0.00 B4 7,500,000.00 6.16938% 7,500,000.00 34,702.76 0.00 0.00 B5 10,000,000.00 6.16938% 10,000,000.00 46,270.35 0.00 0.00 B6 8,000,000.00 6.16938% 8,000,000.00 37,016.28 0.00 0.00 B7 10,500,000.00 6.16938% 10,500,000.00 48,583.87 0.00 0.00 X 5,500,511.82 0.00000% 5,500,511.82 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,000,000,611.82 3,029,708.91 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 IA1 0.00 0.00 501,055.08 0.00 175,355,110.52 IA2 0.00 0.00 288,703.50 0.00 100,000,000.00 IA3 0.00 0.00 189,607.28 0.00 64,175,000.00 IA4 0.00 0.00 129,827.69 0.00 42,854,000.00 IIA 0.00 0.00 1,127,908.40 0.00 382,594,058.78 M1 0.00 0.00 123,581.40 0.00 40,000,000.00 M2 0.00 0.00 114,867.80 0.00 37,000,000.00 M3 0.00 0.00 67,231.25 0.00 21,500,000.00 M4 0.00 0.00 62,439.68 0.00 19,500,000.00 M5 0.00 0.00 56,560.61 0.00 17,500,000.00 M6 0.00 0.00 54,071.08 0.00 16,500,000.00 B1 0.00 0.00 53,993.03 0.00 15,000,000.00 B2 0.00 0.00 48,743.96 0.00 13,000,000.00 B3 0.00 0.00 44,544.89 0.00 11,000,000.00 B4 0.00 0.00 34,702.76 0.00 7,500,000.00 B5 0.00 0.00 46,270.35 0.00 10,000,000.00 B6 0.00 0.00 37,016.28 0.00 8,000,000.00 B7 0.00 0.00 48,583.87 0.00 10,500,000.00 X 0.00 0.00 2,618,767.77 0.00 5,499,900.00 P 0.00 0.00 12,765.59 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,661,242.27 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 IA1 176,768,000.00 3.77938% 1000.00000000 2.83453498 0.00000000 0.00000000 IA2 100,000,000.00 3.84938% 1000.00000000 2.88703500 0.00000000 0.00000000 IA3 64,175,000.00 3.93938% 1000.00000000 2.95453494 0.00000000 0.00000000 IA4 42,854,000.00 4.03938% 1000.00000000 3.02953493 0.00000000 0.00000000 IIA 383,703,000.00 3.91938% 1000.00000000 2.93953500 0.00000000 0.00000000 M1 40,000,000.00 4.11938% 1000.00000000 3.08953500 0.00000000 0.00000000 M2 37,000,000.00 4.13938% 1000.00000000 3.10453514 0.00000000 0.00000000 M3 21,500,000.00 4.16938% 1000.00000000 3.12703488 0.00000000 0.00000000 M4 19,500,000.00 4.26938% 1000.00000000 3.20203487 0.00000000 0.00000000 M5 17,500,000.00 4.30938% 1000.00000000 3.23203486 0.00000000 0.00000000 M6 16,500,000.00 4.36938% 1000.00000000 3.27703515 0.00000000 0.00000000 B1 15,000,000.00 4.79938% 1000.00000000 3.59953533 0.00000000 0.00000000 B2 13,000,000.00 4.99938% 1000.00000000 3.74953538 0.00000000 0.00000000 B3 11,000,000.00 5.39938% 1000.00000000 4.04953545 0.00000000 0.00000000 B4 7,500,000.00 6.16938% 1000.00000000 4.62703467 0.00000000 0.00000000 B5 10,000,000.00 6.16938% 1000.00000000 4.62703500 0.00000000 0.00000000 B6 8,000,000.00 6.16938% 1000.00000000 4.62703500 0.00000000 0.00000000 B7 10,500,000.00 6.16938% 1000.00000000 4.62703524 0.00000000 0.00000000 X 5,500,511.82 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance IA1 0.00000000 0.00000000 2.83453498 0.00000000 992.00709699 IA2 0.00000000 0.00000000 2.88703500 0.00000000 1000.00000000 IA3 0.00000000 0.00000000 2.95453494 0.00000000 1000.00000000 IA4 0.00000000 0.00000000 3.02953493 0.00000000 1000.00000000 IIA 0.00000000 0.00000000 2.93953500 0.00000000 997.10989693 M1 0.00000000 0.00000000 3.08953500 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.10453514 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.12703488 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.20203487 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.23203486 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.27703515 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.59953533 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.74953538 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.04953545 0.00000000 1000.00000000 B4 0.00000000 0.00000000 4.62703467 0.00000000 1000.00000000 B5 0.00000000 0.00000000 4.62703500 0.00000000 1000.00000000 B6 0.00000000 0.00000000 4.62703500 0.00000000 1000.00000000 B7 0.00000000 0.00000000 4.62703524 0.00000000 1000.00000000 X 0.00000000 0.00000000 476.09528998 0.00000000 999.88877035 P 0.00000000 0.00000000 127655.90000000 0.00000000 1000.00000000 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 8,582,133.84 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7,454.14 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 12,765.59 Total Deposits 8,602,353.57 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 419,280.60 Payment of Interest and Principal 8,183,072.97 Total Withdrawals (Pool Distribution Amount) 8,602,353.57 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 408,863.93 Credit Risk Manager Fee 10,416.67 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 419,280.60
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 12 0 0 0 12 1,142,322.08 0.00 0.00 0.00 1,142,322.08 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 12 0 0 0 12 1,142,322.08 0.00 0.00 0.00 1,142,322.08 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 0.155925% 0.000000% 0.000000% 0.000000% 0.155925% 0.114469% 0.000000% 0.000000% 0.000000% 0.114469% 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 0.155925% 0.000000% 0.000000% 0.000000% 0.155925% 0.114469% 0.000000% 0.000000% 0.000000% 0.114469%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 Arm No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 677,000.00 0.00 0.00 0.00 677,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 677,000.00 0.00 0.00 0.00 677,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.224618% 0.000000% 0.000000% 0.000000% 0.224618% 0.167419% 0.000000% 0.000000% 0.000000% 0.167419% 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 0.224618% 0.000000% 0.000000% 0.000000% 0.224618% 0.167419% 0.000000% 0.000000% 0.000000% 0.167419% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 Fixed No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 120,000.00 0.00 0.00 0.00 120,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 120,000.00 0.00 0.00 0.00 120,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.082988% 0.000000% 0.000000% 0.000000% 0.082988% 0.127005% 0.000000% 0.000000% 0.000000% 0.127005% 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 0.082988% 0.000000% 0.000000% 0.000000% 0.082988% 0.127005% 0.000000% 0.000000% 0.000000% 0.127005% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 Arm No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 283,322.08 0.00 0.00 0.00 283,322.08 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 4 0 0 0 4 283,322.08 0.00 0.00 0.00 283,322.08 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.130762% 0.000000% 0.000000% 0.000000% 0.130762% 0.070499% 0.000000% 0.000000% 0.000000% 0.070499% 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 0.130762% 0.000000% 0.000000% 0.000000% 0.130762% 0.070499% 0.000000% 0.000000% 0.000000% 0.070499% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 Fixed No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 62,000.00 0.00 0.00 0.00 62,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 62,000.00 0.00 0.00 0.00 62,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.165837% 0.000000% 0.000000% 0.000000% 0.165837% 0.063796% 0.000000% 0.000000% 0.000000% 0.063796% 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 0.165837% 0.000000% 0.000000% 0.000000% 0.165837% 0.063796% 0.000000% 0.000000% 0.000000% 0.063796%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,454.14
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Arm 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 Arm 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.
REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.
Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period
Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Arm 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 Arm 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.
Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance 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 Fixed & Arm Weighted Average Gross Coupon 7.584760% Weighted Average Net Coupon 7.094123% Weighted Average Pass-Through Rate 7.094123% Weighted Average Maturity(Stepdown Calculation) 353 Beginning Scheduled Collateral Loan Count 7,709 Number Of Loans Paid In Full 13 Ending Scheduled Collateral Loan Count 7,696 Beginning Scheduled Collateral Balance 1,000,000,551.82 Ending Scheduled Collateral Balance 997,478,169.30 Ending Actual Collateral Balance at 31-Aug-2005 997,927,231.85 Monthly P&I Constant 6,920,521.81 Special Servicing Fee 0.00 Prepayment Penalties 12,765.59 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 599,884.95 Unscheduled Principal 1,922,557.57 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 611.82 Specified O/C Amount 5,500,000.00 Overcollateralized Amount 5,500,000.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,618,767.77
Miscellaneous Reporting Swap (to Counterparty)/from Counterparty -250,958.05 Libor 3.669380% IA1 PTR Next Distribution 0.000000% IA2 PTR Next Distribution 0.000000% IA3 PTR Next Distribution 0.000000% IA4 PTR Next Distribution 0.000000% IIA PTR Next Distribution 0.000000% B1 PTR Next Distribution 0.000000% B2 PTR Next Distribution 0.000000% B3 PTR Next Distribution 0.000000% B4 PTR Next Distribution 0.000000% B5 PTR Next Distribution 0.000000% B6 PTR Next Distribution 0.000000% B7 PTR Next Distribution 0.000000% M1 PTR Next Distribution 0.000000% M2 PTR Next Distribution 0.000000% M3 PTR Next Distribution 0.000000% M4 PTR Next Distribution 0.000000% M5 PTR Next Distribution 0.000000% M6 PTR Next Distribution 0.000000% Next Month Libor 0.000000%
Group Level Collateral Statement Group Group 1 Arm Group 1 Fixed Group 2 Arm Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.448456 8.162710 7.547292 Weighted Average Net Rate 6.957100 7.673937 7.057359 Weighted Average Maturity 358 328 358 Beginning Loan Count 2,233 1,205 3,064 Loans Paid In Full 7 0 5 Ending Loan Count 2,226 1,205 3,059 Beginning Scheduled Balance 405,525,885.09 94,535,100.44 402,680,602.07 Ending Scheduled Balance 404,218,516.54 94,429,236.73 401,708,485.45 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 2,717,948.53 723,656.01 2,759,903.90 Scheduled Principal 200,830.52 80,603.87 227,280.48 Unscheduled Principal 1,106,538.03 25,259.84 744,836.14 Scheduled Interest 2,517,118.01 643,052.14 2,532,623.42 Servicing Fees 166,047.83 38,505.17 164,405.50 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,351,070.18 604,546.97 2,368,217.92 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.957100 7.673937 7.057359
Group Level Collateral Statement Group Group 2 Fixed Total Collateral Description Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 7.746448 7.584760 Weighted Average Net Rate 7.254087 7.094123 Weighted Average Maturity 329 353 Beginning Loan Count 1,207 7,709 Loans Paid In Full 1 13 Ending Loan Count 1,206 7,696 Beginning Scheduled Balance 97,259,024.22 1,000,000,611.82 Ending scheduled Balance 97,121,930.58 997,478,169.30 Record Date 08/31/2005 08/31/2005 Principal And Interest Constant 719,013.37 6,920,521.81 Scheduled Principal 91,170.08 599,884.95 Unscheduled Principal 45,923.56 1,922,557.57 Scheduled Interest 627,843.29 6,320,636.86 Servicing Fees 39,905.43 408,863.93 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 587,937.86 5,911,772.93 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.254087 7.094123
Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Group 1 Arm 7 1,099,300.00 1,098,748.71 0 0.00 0.00 Group 1 Fixed 0 0.00 0.00 0 0.00 0.00 Group 2 Arm 5 738,800.00 738,800.00 0 0.00 0.00 Group 2 Fixed 1 42,600.00 42,583.57 0 0.00 0.00 Total 13 1,880,700.00 1,880,132.28 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Group 1 Arm 0 0.00 0.00 0 0.00 0.00 8,424.95 Group 1 Fixed 0 0.00 0.00 0 0.00 0.00 25,259.84 Group 2 Arm 0 0.00 0.00 0 0.00 0.00 6,297.96 Group 2 Fixed 0 0.00 0.00 0 0.00 0.00 3,356.57 Total 0 0.00 0.00 0 0.00 0.00 43,339.32
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 Arm 0200184422 MA 90.00 01-Jul-2005 72,000.00 71,878.89 Group 1 Arm 0200231561 TX 79.98 01-Sep-2005 123,100.00 122,998.90 Group 1 Arm 0400142899 NJ 80.00 01-Aug-2005 209,600.00 209,413.78 Group 1 Arm 0400143749 WI 80.00 01-Aug-2005 184,000.00 183,848.01 Group 1 Arm 0400151288 MA 89.60 01-Sep-2005 293,000.00 292,803.17 Group 1 Arm 0500061973 FL 89.09 01-Jul-2005 113,600.00 113,360.33 Group 1 Arm 0500066295 TX 80.00 01-Jun-2005 104,000.00 103,810.00 Group 2 Arm 0200219939 GA 80.00 01-Sep-2005 89,600.00 89,600.00 Group 2 Arm 0200232395 MA 24.00 01-Sep-2005 78,000.00 77,935.81 Group 2 Arm 0400136958 CA 63.39 01-Aug-2005 259,900.00 259,900.00 Group 2 Arm 0400147013 NH 73.72 01-Sep-2005 188,000.00 187,802.37 Group 2 Arm 0500069539 MI 90.00 01-Sep-2005 123,300.00 123,300.00 Group 2 Fixed 0400136420 CT 10.70 01-Aug-2005 42,600.00 42,566.99
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 Arm 0200184422 Loan Paid in Full 0 8.910% 360 2 Group 1 Arm 0200231561 Loan Paid in Full 0 6.990% 360 0 Group 1 Arm 0400142899 Loan Paid in Full 0 10.000% 360 1 Group 1 Arm 0400143749 Loan Paid in Full 0 10.422% 360 1 Group 1 Arm 0400151288 Loan Paid in Full 0 7.994% 360 0 Group 1 Arm 0500061973 Loan Paid in Full 0 7.800% 360 2 Group 1 Arm 0500066295 Loan Paid in Full 0 9.908% 360 3 Group 2 Arm 0200219939 Loan Paid in Full 0 7.650% 360 0 Group 2 Arm 0200232395 Loan Paid in Full 0 6.980% 360 0 Group 2 Arm 0400136958 Loan Paid in Full 0 5.995% 360 1 Group 2 Arm 0400147013 Loan Paid in Full 0 5.714% 360 0 Group 2 Arm 0500069539 Loan Paid in Full 0 7.480% 360 0 Group 2 Fixed 0400136420 Loan Paid in Full 0 10.638% 360 1
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 0.192% Current Month 2.284% Current Month 1,636.392% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 2.284% N/A Sep-2005 1,636.392% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 Arm SMM CPR PSA Current Month 0.273% Current Month 3.227% Current Month 2,293.981% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 3.227% N/A Sep-2005 2,293.981% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 Fixed SMM CPR PSA Current Month 0.027% Current Month 0.320% Current Month 244.528% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.320% N/A Sep-2005 244.528% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 Arm SMM CPR PSA Current Month 0.185% Current Month 2.198% Current Month 1,549.905% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 2.198% N/A Sep-2005 1,549.905% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 Fixed SMM CPR PSA Current Month 0.047% Current Month 0.566% Current Month 422.158% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.566% N/A Sep-2005 422.158% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))
Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Group 1 Arm 0 0.00 0.00 0.000% Group 1 Fixed 0 0.00 0.00 0.000% Group 2 Arm 0 0.00 0.00 0.000% Group 2 Fixed 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%
Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.
Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.
Realized Loss Report - Collateral Summary
MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 Arm MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 Fixed MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 Arm MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 Fixed MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)