-----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, CUYNWMXwNVd8kI1CxzauSfCAB9G2K5LPZs4NAwBhoJP97ETHmP+4CxstBDHFWz0w oYwR7ajeAGVctSlY0R88PQ== 0001056404-05-003564.txt : 20051028 0001056404-05-003564.hdr.sgml : 20051028 20051028082042 ACCESSION NUMBER: 0001056404-05-003564 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050926 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: IMPAC Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2005-1 CENTRAL INDEX KEY: 0001330091 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-117991-03 FILM NUMBER: 051161431 BUSINESS ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 949-475-3700 MAIL ADDRESS: STREET 1: 1401 DOVE STREET STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 8-K/A 1 imp05001_10509.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 26, 2005 IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-117991-03 Pooling and Servicing Agreement) (Commission 54-2176762 (State or other File Number) 54-2176763 jurisdiction 54-2176764 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events Subsequent to filing the 8-K relating to the payment date on September 26, 2005, a revision was made to the IMPAC SECURED ASSETS CORPORATION, Mortgage Pass-Through Certificates, Series 2005-1 Trust which was not included in the original 8-K filed. The 8-K is being amended because the deal delinquencies were updated. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, website at www.ctslink.com. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 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. IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 10/24/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the September 26, 2005 distribution. EX-99.1
Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Series 2005-1 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 1A1 45254TRN6 SEN 4.29486% 24,371,886.97 87,228.11 1AX 45254TSK1 SEN 0.86000% 0.00 17,466.52 2A1 45254TRP1 SEN 5.25382% 18,133,488.65 79,391.72 3A1 45254TRQ9 SEN 4.98476% 61,872,042.31 257,014.31 3AX 45254TSL9 SEN 0.35000% 0.00 22,239.94 4A1 45254TRR7 SEN 5.14463% 11,526,478.63 49,416.26 5A1 45254TRS5 SEN 3.91125% 42,483,336.05 147,700.40 5A2 45254TRT3 SEN 3.75125% 99,167,740.09 330,669.32 5A3 45254TRU0 SEN 3.92125% 160,394,000.00 559,062.20 5A4 45254TRV8 SEN 4.02125% 19,837,000.00 70,906.25 5A5 45254TRW6 SEN 3.99125% 35,765,304.51 126,887.35 5A6 45254TRX4 SEN 3.95125% 47,203,706.72 155,428.04 5A7 45254TRY2 SEN 3.99125% 11,800,926.68 41,867.07 5AX 45254TRZ9 SEN 1.60320% 0.00 647,495.40 B1 45254TSD7 SUB 5.62760% 30,740,989.35 144,165.05 B2 45254TSE5 SUB 5.62760% 13,944,180.76 65,393.59 B3 45254TSF2 SUB 5.62760% 8,873,842.27 41,615.38 B4 45254TSG0 SUB 5.62760% 8,872,842.40 41,610.69 B5 45254TSH8 SUB 5.62760% 6,972,090.38 32,696.79 B6 45254TSJ4 SUB 5.62760% 5,071,509.54 23,783.70 R1 45254TSA3 SEN 4.31733% 0.00 0.00 R2 45254TSB1 SEN 4.31733% 0.00 0.00 R3 45254TSC9 SEN 4.31733% 0.00 0.00 Totals 607,031,365.31 2,942,038.09
Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A1 575,033.98 0.00 23,796,852.99 662,262.09 0.00 1AX 0.00 0.00 0.00 17,466.52 0.00 2A1 709,247.53 0.00 17,424,241.12 788,639.25 0.00 3A1 723,172.62 0.00 61,148,869.69 980,186.93 0.00 3AX 0.00 0.00 0.00 22,239.94 0.00 4A1 2,334.85 0.00 11,524,143.78 51,751.11 0.00 5A1 1,271,244.27 0.00 41,212,091.78 1,418,944.67 0.00 5A2 8,360,549.82 0.00 90,807,190.27 8,691,219.14 0.00 5A3 0.00 0.00 160,394,000.00 559,062.20 0.00 5A4 0.00 0.00 19,837,000.00 70,906.25 0.00 5A5 1,070,218.18 0.00 34,695,086.33 1,197,105.53 0.00 5A6 1,412,493.63 0.00 45,791,213.09 1,567,921.67 0.00 5A7 353,123.41 0.00 11,447,803.27 394,990.48 0.00 5AX 0.00 0.00 0.00 647,495.40 0.00 B1 1,945.78 0.00 30,739,043.58 146,110.83 0.00 B2 882.61 0.00 13,943,298.15 66,276.20 0.00 B3 561.68 0.00 8,873,280.59 42,177.06 0.00 B4 561.61 0.00 8,872,280.78 42,172.30 0.00 B5 441.30 0.00 6,971,649.08 33,138.09 0.00 B6 321.01 0.00 5,071,188.54 24,104.71 0.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 Totals 14,482,132.28 0.00 592,549,233.04 17,424,170.37 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) 1A1 25,200,000.00 24,371,886.97 696.61 574,337.37 0.00 0.00 1AX 0.00 0.00 0.00 0.00 0.00 0.00 2A1 18,136,000.00 18,133,488.65 0.00 709,247.53 0.00 0.00 3A1 62,836,000.00 61,872,042.31 960.34 722,212.28 0.00 0.00 3AX 0.00 0.00 0.00 0.00 0.00 0.00 4A1 11,922,000.00 11,526,478.63 1,264.12 1,070.73 0.00 0.00 5A1 45,000,000.00 42,483,336.05 3,135.53 1,268,108.74 0.00 0.00 5A2 115,719,000.00 99,167,740.09 20,621.37 8,339,928.46 0.00 0.00 5A3 160,394,000.00 160,394,000.00 0.00 0.00 0.00 0.00 5A4 19,837,000.00 19,837,000.00 0.00 0.00 0.00 0.00 5A5 37,884,000.00 35,765,304.51 2,639.70 1,067,578.47 0.00 0.00 5A6 50,000,000.00 47,203,706.72 3,483.93 1,409,009.71 0.00 0.00 5A7 12,500,000.00 11,800,926.68 870.98 352,252.43 0.00 0.00 5AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 30,745,000.00 30,740,989.35 1,945.78 0.00 0.00 0.00 B2 13,946,000.00 13,944,180.76 882.61 0.00 0.00 0.00 B3 8,875,000.00 8,873,842.27 561.68 0.00 0.00 0.00 B4 8,874,000.00 8,872,842.40 561.61 0.00 0.00 0.00 B5 6,973,000.00 6,972,090.38 441.30 0.00 0.00 0.00 B6 5,072,171.20 5,071,509.54 321.01 0.00 0.00 0.00 R1 100.00 0.00 0.00 0.00 0.00 0.00 R2 100.00 0.00 0.00 0.00 0.00 0.00 R3 100.00 0.00 0.00 0.00 0.00 0.00 Totals 633,913,471.20 607,031,365.31 38,386.57 14,443,745.72 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 1A1 575,033.98 23,796,852.99 0.94431956 575,033.98 1AX 0.00 0.00 0.00000000 0.00 2A1 709,247.53 17,424,241.12 0.96075436 709,247.53 3A1 723,172.62 61,148,869.69 0.97315026 723,172.62 3AX 0.00 0.00 0.00000000 0.00 4A1 2,334.85 11,524,143.78 0.96662840 2,334.85 5A1 1,271,244.27 41,212,091.78 0.91582426 1,271,244.27 5A2 8,360,549.82 90,807,190.27 0.78472153 8,360,549.82 5A3 0.00 160,394,000.00 1.00000000 0.00 5A4 0.00 19,837,000.00 1.00000000 0.00 5A5 1,070,218.18 34,695,086.33 0.91582426 1,070,218.18 5A6 1,412,493.63 45,791,213.09 0.91582426 1,412,493.63 5A7 353,123.41 11,447,803.27 0.91582426 353,123.41 5AX 0.00 0.00 0.00000000 0.00 B1 1,945.78 30,739,043.58 0.99980626 1,945.78 B2 882.61 13,943,298.15 0.99980626 882.61 B3 561.68 8,873,280.59 0.99980626 561.68 B4 561.61 8,872,280.78 0.99980626 561.61 B5 441.30 6,971,649.08 0.99980626 441.30 B6 321.01 5,071,188.54 0.99980626 321.01 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 R3 0.00 0.00 0.00000000 0.00 Totals 14,482,132.28 592,549,233.04 0.93474782 14,482,132.28
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 25,200,000.00 967.13837183 0.02764325 22.79116548 0.00000000 1AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2A1 18,136,000.00 999.86152680 0.00000000 39.10716420 0.00000000 3A1 62,836,000.00 984.65914937 0.01528328 11.49360685 0.00000000 3AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4A1 11,922,000.00 966.82424342 0.10603254 0.08981127 0.00000000 5A1 45,000,000.00 944.07413444 0.06967844 28.18019422 0.00000000 5A2 115,719,000.00 856.97024767 0.17820211 72.07051962 0.00000000 5A3 160,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 5A4 19,837,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 5A5 37,884,000.00 944.07413446 0.06967849 28.18019401 0.00000000 5A6 50,000,000.00 944.07413440 0.06967860 28.18019420 0.00000000 5A7 12,500,000.00 944.07413440 0.06967840 28.18019440 0.00000000 5AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 30,745,000.00 999.86955115 0.06328769 0.00000000 0.00000000 B2 13,946,000.00 999.86955113 0.06328768 0.00000000 0.00000000 B3 8,875,000.00 999.86955155 0.06328789 0.00000000 0.00000000 B4 8,874,000.00 999.86955150 0.06328713 0.00000000 0.00000000 B5 6,973,000.00 999.86955113 0.06328696 0.00000000 0.00000000 B6 5,072,171.20 999.86955093 0.06328848 0.00000000 0.00000000 R1 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R3 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 1A1 0.00000000 22.81880873 944.31956310 0.94431956 22.81880873 1AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A1 0.00000000 39.10716420 960.75436259 0.96075436 39.10716420 3A1 0.00000000 11.50889013 973.15025925 0.97315026 11.50889013 3AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4A1 0.00000000 0.19584382 966.62839960 0.96662840 0.19584382 5A1 0.00000000 28.24987267 915.82426178 0.91582426 28.24987267 5A2 0.00000000 72.24872164 784.72152602 0.78472153 72.24872164 5A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 5A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 5A5 0.00000000 28.24987277 915.82426169 0.91582426 28.24987277 5A6 0.00000000 28.24987260 915.82426180 0.91582426 28.24987260 5A7 0.00000000 28.24987280 915.82426160 0.91582426 28.24987280 5AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.06328769 999.80626378 0.99980626 0.06328769 B2 0.00000000 0.06328768 999.80626344 0.99980626 0.06328768 B3 0.00000000 0.06328789 999.80626366 0.99980626 0.06328789 B4 0.00000000 0.06328713 999.80626324 0.99980626 0.06328713 B5 0.00000000 0.06328696 999.80626416 0.99980626 0.06328696 B6 0.00000000 0.06328848 999.80626443 0.99980626 0.06328848 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 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 1A1 25,200,000.00 4.29486% 24,371,886.97 87,228.11 0.00 0.00 1AX 0.00 0.86000% 24,371,886.97 17,466.52 0.00 0.00 2A1 18,136,000.00 5.25382% 18,133,488.65 79,391.72 0.00 0.00 3A1 62,836,000.00 4.98476% 61,872,042.31 257,014.31 0.00 0.00 3AX 0.00 0.35000% 61,872,042.31 18,046.01 0.00 0.00 4A1 11,922,000.00 5.14463% 11,526,478.63 49,416.26 0.00 0.00 5A1 45,000,000.00 3.91125% 42,483,336.05 147,700.40 0.00 0.00 5A2 115,719,000.00 3.75125% 99,167,740.09 330,669.32 0.00 0.00 5A3 160,394,000.00 3.92125% 160,394,000.00 559,062.20 0.00 0.00 5A4 19,837,000.00 4.02125% 19,837,000.00 70,906.25 0.00 0.00 5A5 37,884,000.00 3.99125% 35,765,304.51 126,887.35 0.00 0.00 5A6 50,000,000.00 3.95125% 47,203,706.72 155,428.04 0.00 0.00 5A7 12,500,000.00 3.99125% 11,800,926.68 41,867.07 0.00 0.00 5AX 0.00 1.60320% 416,652,014.06 556,645.86 0.00 0.00 B1 30,745,000.00 5.62760% 30,740,989.35 144,165.05 0.00 0.00 B2 13,946,000.00 5.62760% 13,944,180.76 65,393.59 0.00 0.00 B3 8,875,000.00 5.62760% 8,873,842.27 41,615.38 0.00 0.00 B4 8,874,000.00 5.62760% 8,872,842.40 41,610.69 0.00 0.00 B5 6,973,000.00 5.62760% 6,972,090.38 32,696.79 0.00 0.00 B6 5,072,171.20 5.62760% 5,071,509.54 23,783.70 0.00 0.00 R1 100.00 4.31733% 0.00 0.00 0.00 0.00 R2 100.00 4.31733% 0.00 0.00 0.00 0.00 R3 100.00 4.31733% 0.00 0.00 0.00 0.00 Totals 633,913,471.20 2,846,994.62 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 1A1 0.00 0.00 87,228.11 0.00 23,796,852.99 1AX 0.00 0.00 17,466.52 0.00 23,796,852.99 2A1 0.00 0.00 79,391.72 0.00 17,424,241.12 3A1 0.00 0.00 257,014.31 0.00 61,148,869.69 3AX 0.00 0.00 22,239.94 0.00 61,148,869.69 4A1 0.00 0.00 49,416.26 0.00 11,524,143.78 5A1 0.00 0.00 147,700.40 0.00 41,212,091.78 5A2 0.00 0.00 330,669.32 0.00 90,807,190.27 5A3 0.00 0.00 559,062.20 0.00 160,394,000.00 5A4 0.00 0.00 70,906.25 0.00 19,837,000.00 5A5 0.00 0.00 126,887.35 0.00 34,695,086.33 5A6 0.00 0.00 155,428.04 0.00 45,791,213.09 5A7 0.00 0.00 41,867.07 0.00 11,447,803.27 5AX 0.00 0.00 647,495.40 0.00 404,184,384.74 B1 0.00 0.00 144,165.05 0.00 30,739,043.58 B2 0.00 0.00 65,393.59 0.00 13,943,298.15 B3 0.00 0.00 41,615.38 0.00 8,873,280.59 B4 0.00 0.00 41,610.69 0.00 8,872,280.78 B5 0.00 0.00 32,696.79 0.00 6,971,649.08 B6 0.00 0.00 23,783.70 0.00 5,071,188.54 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,942,038.09 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 1A1 25,200,000.00 4.29486% 967.13837183 3.46143294 0.00000000 0.00000000 1AX 0.00 0.86000% 967.13837183 0.69311587 0.00000000 0.00000000 2A1 18,136,000.00 5.25382% 999.86152680 4.37757609 0.00000000 0.00000000 3A1 62,836,000.00 4.98476% 984.65914937 4.09023983 0.00000000 0.00000000 3AX 0.00 0.35000% 984.65914937 0.28719221 0.00000000 0.00000000 4A1 11,922,000.00 5.14463% 966.82424342 4.14496393 0.00000000 0.00000000 5A1 45,000,000.00 3.91125% 944.07413444 3.28223111 0.00000000 0.00000000 5A2 115,719,000.00 3.75125% 856.97024767 2.85751968 0.00000000 0.00000000 5A3 160,394,000.00 3.92125% 1000.00000000 3.48555557 0.00000000 0.00000000 5A4 19,837,000.00 4.02125% 1000.00000000 3.57444422 0.00000000 0.00000000 5A5 37,884,000.00 3.99125% 944.07413446 3.34936517 0.00000000 0.00000000 5A6 50,000,000.00 3.95125% 944.07413440 3.10856080 0.00000000 0.00000000 5A7 12,500,000.00 3.99125% 944.07413440 3.34936560 0.00000000 0.00000000 5AX 0.00 1.60320% 944.07413447 1.26128025 0.00000000 0.00000000 B1 30,745,000.00 5.62760% 999.86955115 4.68905676 0.00000000 0.00000000 B2 13,946,000.00 5.62760% 999.86955113 4.68905708 0.00000000 0.00000000 B3 8,875,000.00 5.62760% 999.86955155 4.68905690 0.00000000 0.00000000 B4 8,874,000.00 5.62760% 999.86955150 4.68905680 0.00000000 0.00000000 B5 6,973,000.00 5.62760% 999.86955113 4.68905636 0.00000000 0.00000000 B6 5,072,171.20 5.62760% 999.86955093 4.68905703 0.00000000 0.00000000 R1 100.00 4.31733% 0.00000000 0.00000000 0.00000000 0.00000000 R2 100.00 4.31733% 0.00000000 0.00000000 0.00000000 0.00000000 R3 100.00 4.31733% 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 1A1 0.00000000 0.00000000 3.46143294 0.00000000 944.31956310 1AX 0.00000000 0.00000000 0.69311587 0.00000000 944.31956310 2A1 0.00000000 0.00000000 4.37757609 0.00000000 960.75436259 3A1 0.00000000 0.00000000 4.09023983 0.00000000 973.15025925 3AX 0.00000000 0.00000000 0.35393628 0.00000000 973.15025925 4A1 0.00000000 0.00000000 4.14496393 0.00000000 966.62839960 5A1 0.00000000 0.00000000 3.28223111 0.00000000 915.82426178 5A2 0.00000000 0.00000000 2.85751968 0.00000000 784.72152602 5A3 0.00000000 0.00000000 3.48555557 0.00000000 1000.00000000 5A4 0.00000000 0.00000000 3.57444422 0.00000000 1000.00000000 5A5 0.00000000 0.00000000 3.34936517 0.00000000 915.82426169 5A6 0.00000000 0.00000000 3.10856080 0.00000000 915.82426180 5A7 0.00000000 0.00000000 3.34936560 0.00000000 915.82426160 5AX 0.00000000 0.00000000 1.46713238 0.00000000 915.82426176 B1 0.00000000 0.00000000 4.68905676 0.00000000 999.80626378 B2 0.00000000 0.00000000 4.68905708 0.00000000 999.80626344 B3 0.00000000 0.00000000 4.68905690 0.00000000 999.80626366 B4 0.00000000 0.00000000 4.68905680 0.00000000 999.80626324 B5 0.00000000 0.00000000 4.68905636 0.00000000 999.80626416 B6 0.00000000 0.00000000 4.68905703 0.00000000 999.80626443 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R3 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 17,520,847.62 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 95,043.47 Total Deposits 17,615,891.09 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 191,720.72 Payment of Interest and Principal 17,424,170.37 Total Withdrawals (Pool Distribution Amount) 17,615,891.09 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 189,697.29 Wells Fargo Bank, N.A. 2,023.43 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 191,720.72
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 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 1 0 0 1 167,998.87 0.00 0.00 167,998.87 30 Days 66 0 0 0 66 19,620,258.53 0.00 0.00 0.00 19,620,258.53 60 Days 16 0 2 0 18 4,256,598.65 0.00 958,200.00 0.00 5,214,798.65 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 82 1 2 0 85 23,876,857.18 167,998.87 958,200.00 0.00 25,003,056.05 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 0.048828% 0.000000% 0.000000% 0.048828% 0.028352% 0.000000% 0.000000% 0.028352% 30 Days 3.222656% 0.000000% 0.000000% 0.000000% 3.222656% 3.311161% 0.000000% 0.000000% 0.000000% 3.311161% 60 Days 0.781250% 0.000000% 0.097656% 0.000000% 0.878906% 0.718354% 0.000000% 0.161708% 0.000000% 0.880062% 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 4.003906% 0.048828% 0.097656% 0.000000% 4.150391% 4.029514% 0.028352% 0.161708% 0.000000% 4.219574%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 2 0 0 0 2 359,500.00 0.00 0.00 0.00 359,500.00 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 2 359,500.00 0.00 0.00 0.00 359,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 3.773585% 0.000000% 0.000000% 0.000000% 3.773585% 1.806803% 0.000000% 0.000000% 0.000000% 1.806803% 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 3.773585% 0.000000% 0.000000% 0.000000% 3.773585% 1.806803% 0.000000% 0.000000% 0.000000% 1.806803% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 3 731,499.09 0.00 0.00 0.00 731,499.09 60 Days 0 0 1 0 1 0.00 0.00 735,000.00 0.00 735,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 1 0 4 731,499.09 0.00 735,000.00 0.00 1,466,499.09 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.408451% 0.000000% 0.000000% 0.000000% 1.408451% 1.049363% 0.000000% 0.000000% 0.000000% 1.049363% 60 Days 0.000000% 0.000000% 0.469484% 0.000000% 0.469484% 0.000000% 0.000000% 1.054385% 0.000000% 1.054385% 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 1.408451% 0.000000% 0.469484% 0.000000% 1.877934% 1.049363% 0.000000% 1.054385% 0.000000% 2.103748% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 1 176,000.00 0.00 0.00 0.00 176,000.00 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 1 176,000.00 0.00 0.00 0.00 176,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 1.335974% 0.000000% 0.000000% 0.000000% 1.335974% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 1.335974% 0.000000% 0.000000% 0.000000% 1.335974% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 1 0 0 1 167,998.87 0.00 0.00 167,998.87 30 Days 62 0 0 0 62 18,712,759.44 0.00 0.00 0.00 18,712,759.44 60 Days 14 0 1 0 15 3,897,098.65 0.00 223,200.00 0.00 4,120,298.65 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 76 1 1 0 78 22,609,858.09 167,998.87 223,200.00 0.00 23,001,056.96 0-29 Days 0.060241% 0.000000% 0.000000% 0.060241% 0.036330% 0.000000% 0.000000% 0.036330% 30 Days 3.734940% 0.000000% 0.000000% 0.000000% 3.734940% 4.046671% 0.000000% 0.000000% 0.000000% 4.046671% 60 Days 0.843373% 0.000000% 0.060241% 0.000000% 0.903614% 0.842755% 0.000000% 0.048267% 0.000000% 0.891023% 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 4.578313% 0.060241% 0.060241% 0.000000% 4.698795% 4.889427% 0.036330% 0.048267% 0.000000% 4.974024%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
REO Detail - All Mortgage Loans in REO during Current Period
Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 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. 1 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. 2 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. 3 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. 4 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. 5 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 2 Oct-04 0.000% Original Principal Balance 958,200.00 Nov-04 0.000% Current Principal Balance 958,200.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 2 Mar-05 0.000% Original Principal Balance 958,200.00 Apr-05 0.000% Current Principal Balance 958,200.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.162% *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. 1 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. 2 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. 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Oct-04 0.000% Original Principal Balance 735,000.00 Nov-04 0.000% Current Principal Balance 735,000.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 1 Mar-05 0.000% Original Principal Balance 735,000.00 Apr-05 0.000% Current Principal Balance 735,000.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 1.054% *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. 4 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. 5 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Oct-04 0.000% Original Principal Balance 223,200.00 Nov-04 0.000% Current Principal Balance 223,200.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 1 Mar-05 0.000% Original Principal Balance 223,200.00 Apr-05 0.000% Current Principal Balance 223,200.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.048% *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 3 2503102919 Sep-2005 01-Jun-2005 CA 0.00 735,000.00 5 1103388858 Sep-2005 01-Apr-2005 IL 0.00 223,200.00
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 3 2503102919 735,000.00 01-May-2005 3 5.625% 12,789.00 5 1103388858 223,200.00 01-May-2005 3 6.810% 4,765.32
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.074147% Weighted Average Net Coupon 5.699147% Weighted Average Pass-Through Rate 5.628035% Weighted Average Maturity(Stepdown Calculation) 356 Beginning Scheduled Collateral Loan Count 2,095 Number Of Loans Paid In Full 47 Ending Scheduled Collateral Loan Count 2,048 Beginning Scheduled Collateral Balance 607,031,365.32 Ending Scheduled Collateral Balance 592,549,233.04 Ending Actual Collateral Balance at 31-Aug-2005 592,549,233.04 Monthly P&I Constant 3,111,051.42 Special Servicing Fee 0.00 Prepayment Penalties 95,043.47 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 38,386.57 Unscheduled Principal 14,443,745.71
Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.569185 5.662818 5.751584 Weighted Average Net Rate 5.194185 5.287818 5.376584 Weighted Average Maturity 356 356 357 Beginning Loan Count 88 54 215 Loans Paid In Full 1 1 2 Ending Loan Count 87 53 213 Beginning Scheduled Balance 27,921,035.03 20,606,271.61 70,432,197.59 Ending Scheduled Balance 27,345,899.61 19,897,024.08 69,708,892.10 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 130,379.23 97,241.31 338,673.81 Scheduled Principal 798.05 0.00 1,093.21 Unscheduled Principal 574,337.37 709,247.53 722,212.28 Scheduled Interest 129,581.18 97,241.31 337,580.60 Servicing Fees 8,725.32 6,439.46 22,010.06 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 93.07 68.69 234.77 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 821.99 515.16 2,220.23 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 119,940.80 90,218.00 313,115.54 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 5.154858 5.253818 5.334757
Group Level Collateral Statement Group 4 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.553632 6.183966 6.074147 Weighted Average Net Rate 5.178632 5.808966 5.699147 Weighted Average Maturity 356 356 356 Beginning Loan Count 35 1,703 2,095 Loans Paid In Full 0 43 47 Ending Loan Count 35 1,660 2,048 Beginning Scheduled Balance 13,176,423.53 474,895,437.56 607,031,365.32 Ending scheduled Balance 13,173,907.73 462,423,509.52 592,549,233.04 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 62,425.91 2,482,331.16 3,111,051.42 Scheduled Principal 1,445.07 35,050.24 38,386.57 Unscheduled Principal 1,070.73 12,436,877.80 14,443,745.71 Scheduled Interest 60,980.84 2,447,280.92 3,072,664.85 Servicing Fees 4,117.63 148,404.82 189,697.29 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 43.92 1,582.98 2,023.43 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 329.41 30,062.76 33,949.55 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 56,489.88 2,267,230.36 2,846,994.58 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 5.144632 5.729001 5.628035
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 1 1 574,000.00 574,000.00 0 0.00 0.00 2 1 708,900.00 708,900.00 0 0.00 0.00 3 2 722,365.00 722,365.00 0 0.00 0.00 4 0 0.00 0.00 0 0.00 0.00 5 43 12,430,683.00 12,426,047.97 0 0.00 0.00 Total 47 14,435,948.00 14,431,312.97 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 1 0 0.00 0.00 0 0.00 0.00 337.37 2 0 0.00 0.00 0 0.00 0.00 347.53 3 0 0.00 0.00 0 0.00 0.00 (152.72) 4 0 0.00 0.00 0 0.00 0.00 1,070.73 5 0 0.00 0.00 0 0.00 0.00 11,989.58 Total 0 0.00 0.00 0 0.00 0.00 13,592.49
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 1103382875 CA 0.00 01-May-2005 574,000.00 574,000.00 2 1103414380 CA 0.00 01-Jun-2005 708,900.00 708,900.00 3 1103391480 CA 0.00 01-Jun-2005 178,465.00 178,465.00 3 1103392767 CA 0.00 01-May-2005 543,900.00 543,900.00 5 1103367873 CA 0.00 01-Jun-2005 321,200.00 321,200.00 5 1103369230 CA 0.00 01-Mar-2005 270,100.00 270,076.11 5 1103382792 CA 0.00 01-May-2005 750,000.00 750,234.37 5 1103387126 NJ 0.00 01-May-2005 192,000.00 192,000.00 5 1103387162 NC 0.00 01-May-2005 166,050.00 166,050.00 5 1103394269 AZ 0.00 01-May-2005 218,000.00 218,000.00 5 1103394938 NJ 0.00 01-Jun-2005 165,000.00 165,000.00 5 1103396094 GA 0.00 01-May-2005 191,300.00 191,300.00 5 1103396230 IL 0.00 01-May-2005 146,400.00 146,400.00 5 1103396318 NV 0.00 01-May-2005 199,192.00 199,192.00 5 1103397482 VA 0.00 01-May-2005 190,000.00 189,887.34 5 1103399709 CA 0.00 01-May-2005 115,020.00 115,020.00 5 1103401083 AZ 0.00 01-May-2005 152,000.00 151,338.24 5 1103401607 CA 0.00 01-Jun-2005 359,000.00 357,869.60 5 1103401690 CA 0.00 01-Jun-2005 291,830.00 291,830.00 5 1103401972 CA 0.00 01-May-2005 356,993.00 356,993.00 5 1103402064 CA 0.00 01-Mar-2005 259,000.00 259,000.00 5 1103405224 FL 0.00 01-Jun-2005 238,000.00 237,132.37 5 1103406286 CA 0.00 01-Jun-2005 455,200.00 455,200.00 5 1103406729 CA 0.00 01-May-2005 335,300.00 335,300.00 5 1103407183 CA 0.00 01-May-2005 520,000.00 519,998.67 5 1103407198 CA 0.00 01-May-2005 410,400.00 410,400.00 5 1103408679 CA 0.00 01-Jun-2005 488,000.00 486,425.04 5 1103408760 CA 0.00 01-Jun-2005 243,750.00 243,750.00 5 1103409310 MN 0.00 01-May-2005 115,425.00 115,425.00 5 1103410981 VA 0.00 01-Apr-2005 167,280.00 167,280.00 5 1103411041 MO 0.00 01-Apr-2005 106,400.00 106,389.92 5 1103411074 CA 0.00 01-Apr-2005 208,000.00 208,000.00 5 1103411078 CA 0.00 01-May-2005 322,480.00 322,480.00 5 1103411105 MD 0.00 01-Apr-2005 390,231.00 390,231.00 5 1103413179 VA 0.00 01-Feb-2005 228,000.00 228,000.00 5 1103413189 MD 0.00 01-May-2005 356,000.00 356,000.00 5 1103414394 CA 0.00 01-Jun-2005 107,800.00 107,800.00 5 1103414395 CA 0.00 01-Jun-2005 724,000.00 724,000.00 5 1103414638 VA 0.00 01-May-2005 382,500.00 382,500.00 5 1103414683 CA 0.00 01-May-2005 214,000.00 214,000.00 5 1103414699 VA 0.00 01-May-2005 304,932.00 304,932.00 5 1103414707 CA 0.00 01-May-2005 450,000.00 450,000.00 5 1103414719 IL 0.00 01-May-2005 262,500.00 262,278.20 5 1103415480 CA 0.00 01-Jun-2005 252,000.00 252,000.00 5 2503101839 CA 0.00 01-Jun-2005 177,800.00 177,800.00 5 2503105102 CA 0.00 01-Jun-2005 272,500.00 272,500.00 5 2503108192 AZ 0.00 01-Jun-2005 355,100.00 353,675.36
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 1103382875 Loan Paid in Full 1 5.125% 360 4 2 1103414380 Loan Paid in Full 0 6.000% 360 3 3 1103391480 Loan Paid in Full 0 5.875% 360 3 3 1103392767 Loan Paid in Full 1 6.000% 360 4 5 1103367873 Loan Paid in Full 0 6.875% 360 3 5 1103369230 Loan Paid in Full 0 5.990% 360 6 5 1103382792 Loan Paid in Full 0 7.000% 360 4 5 1103387126 Loan Paid in Full 1 7.625% 360 4 5 1103387162 Loan Paid in Full 0 8.125% 360 4 5 1103394269 Loan Paid in Full 0 6.375% 360 4 5 1103394938 Loan Paid in Full 0 7.125% 360 3 5 1103396094 Loan Paid in Full 0 5.500% 360 4 5 1103396230 Loan Paid in Full 0 5.625% 360 4 5 1103396318 Loan Paid in Full 0 6.875% 360 4 5 1103397482 Loan Paid in Full 0 6.500% 360 4 5 1103399709 Loan Paid in Full 0 6.250% 360 4 5 1103401083 Loan Paid in Full 0 6.750% 360 4 5 1103401607 Loan Paid in Full 0 7.250% 360 3 5 1103401690 Loan Paid in Full 0 6.125% 360 3 5 1103401972 Loan Paid in Full 1 6.875% 360 4 5 1103402064 Loan Paid in Full 2 5.125% 360 6 5 1103405224 Loan Paid in Full 0 6.500% 360 3 5 1103406286 Loan Paid in Full 1 6.250% 360 3 5 1103406729 Loan Paid in Full 0 5.375% 360 4 5 1103407183 Loan Paid in Full 0 6.500% 360 4 5 1103407198 Loan Paid in Full 0 5.750% 360 4 5 1103408679 Loan Paid in Full 0 7.125% 360 3 5 1103408760 Loan Paid in Full 0 6.875% 360 3 5 1103409310 Loan Paid in Full 0 7.375% 360 4 5 1103410981 Loan Paid in Full 0 6.640% 360 5 5 1103411041 Loan Paid in Full 0 6.790% 360 5 5 1103411074 Loan Paid in Full 0 5.990% 360 5 5 1103411078 Loan Paid in Full 0 5.590% 360 4 5 1103411105 Loan Paid in Full 1 5.690% 360 5 5 1103413179 Loan Paid in Full 0 7.250% 360 7 5 1103413189 Loan Paid in Full 1 7.000% 360 4 5 1103414394 Loan Paid in Full 0 6.000% 360 3 5 1103414395 Loan Paid in Full 0 6.500% 360 3 5 1103414638 Loan Paid in Full 0 6.000% 360 4 5 1103414683 Loan Paid in Full 0 8.500% 360 4 5 1103414699 Loan Paid in Full 1 5.500% 360 4 5 1103414707 Loan Paid in Full 1 6.875% 360 4 5 1103414719 Loan Paid in Full 0 6.875% 360 4 5 1103415480 Loan Paid in Full 0 6.250% 360 3 5 2503101839 Loan Paid in Full 0 4.875% 360 3 5 2503105102 Loan Paid in Full 0 5.500% 360 3 5 2503108192 Loan Paid in Full 0 6.000% 360 3
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 2.380% Current Month 25.099% Current Month 3,359.052% 3 Month Average 2.217% 3 Month Average 23.477% 3 Month Average 4,461.179% 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 17.583% N/A Jul-2005 4,956.730% N/A Aug-2005 27.749% N/A Aug-2005 5,067.756% N/A Sep-2005 25.099% N/A Sep-2005 3,359.052% 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. 1 SMM CPR PSA Current Month 2.057% Current Month 22.075% Current Month 2,912.379% 3 Month Average 1.644% 3 Month Average 17.210% 3 Month Average 2,734.681% 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 0.032% N/A Jul-2005 8.822% N/A Aug-2005 29.522% N/A Aug-2005 5,282.842% N/A Sep-2005 22.075% N/A Sep-2005 2,912.379% 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. 2 SMM CPR PSA Current Month 3.442% Current Month 34.315% Current Month 4,779.223% 3 Month Average 1.151% 3 Month Average 11.487% 3 Month Average 1,606.709% 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 0.101% N/A Jul-2005 32.128% N/A Aug-2005 0.045% N/A Aug-2005 8.774% N/A Sep-2005 34.315% N/A Sep-2005 4,779.223% 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. 3 SMM CPR PSA Current Month 1.025% Current Month 11.634% Current Month 1,651.744% 3 Month Average 0.792% 3 Month Average 9.089% 3 Month Average 1,942.450% 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 8.257% N/A Jul-2005 2,714.502% N/A Aug-2005 7.376% N/A Aug-2005 1,461.103% N/A Sep-2005 11.634% N/A Sep-2005 1,651.744% 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. 4 SMM CPR PSA Current Month 0.008% Current Month 0.097% Current Month 11.099% 3 Month Average 0.968% 3 Month Average 9.938% 3 Month Average 2,074.483% 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 29.717% N/A Jul-2005 6,212.349% N/A Aug-2005 0.000% N/A Aug-2005 0.001% N/A Sep-2005 0.097% N/A Sep-2005 11.099% 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. 5 SMM CPR PSA Current Month 2.619% Current Month 27.274% Current Month 3,633.977% 3 Month Average 2.535% 3 Month Average 26.372% 3 Month Average 4,992.009% 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 20.045% N/A Jul-2005 5,572.012% N/A Aug-2005 31.797% N/A Aug-2005 5,770.037% N/A Sep-2005 27.274% N/A Sep-2005 3,633.977% 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 1 0 0.00 0.00 0.000% 2 0 0.00 0.00 0.000% 3 0 0.00 0.00 0.000% 4 0 0.00 0.00 0.000% 5 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 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 *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 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 *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. 1 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 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 *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 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 *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. 2 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 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 *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 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 *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. 3 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 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 *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 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 *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. 4 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 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 *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 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 *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. 5 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 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 *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 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 *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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