8-K/A 1 ace05sl1_8ka-200509.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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SL1 (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-07 Pooling and Servicing Agreement) (Commission 54-2182224 (State or other File Number) 54-2182225 jurisdiction IRS EIN 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 Subsequent to filing the 8-K relating to the payment date on September 26, 2005, a revision was made to the ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SL1 which was not included in the original 8-K filed. The 8-K is being amended to reflect payment to the CE class. 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 Asset Backed Pass-Through Certificates, Series 2005-SL1 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SL1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 4/24/2006 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-SL1 Trust, relating to the September 26, 2005 distribution. EX-99.1 ACE Securities Corporation Asset Backed Pass-Through Certificates Distribution Date: 9/26/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-SL1 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 Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance A-1A 004421RT2 3.86938% 156,701,000.00 471,594.45 A-1B 004421RU9 5.11000% 25,000,000.00 106,458.33 M-1 004421RV7 5.37000% 24,537,000.00 109,803.08 M-2 004421RW5 5.76000% 13,560,000.00 65,088.00 M-3 004421RX3 5.86000% 5,811,000.00 28,377.05 M-4 004421RY1 6.11000% 5,940,000.00 30,244.50 M-5 004421RZ8 6.21000% 5,424,000.00 28,069.20 M-6 004421SA2 6.36000% 4,778,000.00 25,323.40 M-7 004421SB0 6.50000% 5,036,000.00 27,278.33 B-1 004421SC8 6.00000% 4,649,000.00 23,245.00 B-2 004421SD6 6.00000% 4,262,000.00 21,310.00 P ACE05SL1P 0.00000% 100.00 78,392.14 CE-1 ACE05SLC1 0.00000% 2,583,241.00 0.00 CE-2 ACE05SLC2 0.00000% 0.00 53,124.47 R ACE05SLR1 0.00000% 0.00 0.00 Totals 258,281,341.00 1,068,307.95
Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses A-1A 8,241,343.40 0.00 148,459,656.60 8,712,937.85 0.00 A-1B 0.00 0.00 25,000,000.00 106,458.33 0.00 M-1 0.00 0.00 24,537,000.00 109,803.08 0.00 M-2 0.00 0.00 13,560,000.00 65,088.00 0.00 M-3 0.00 0.00 5,811,000.00 28,377.05 0.00 M-4 0.00 0.00 5,940,000.00 30,244.50 0.00 M-5 0.00 0.00 5,424,000.00 28,069.20 0.00 M-6 0.00 0.00 4,778,000.00 25,323.40 0.00 M-7 0.00 0.00 5,036,000.00 27,278.33 0.00 B-1 0.00 0.00 4,649,000.00 23,245.00 0.00 B-2 0.00 0.00 4,262,000.00 21,310.00 0.00 P 0.00 0.00 100.00 78,392.14 0.00 CE-1 0.00 0.00 3,740,361.31 0.00 0.00 CE-2 0.00 0.00 0.00 53,124.47 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 8,241,343.40 0.00 251,197,117.91 9,309,651.35 0.00 As Master Servicer, Wells Fargo Bank, N.A. has independently calculated collateral information based on loan level data received from external parties, which may include the Servicers, Issuer and other parties to the transaction. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished to it by those third parties.
Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution A-1A 156,701,000.00 156,701,000.00 0.00 8,241,343.40 0.00 0.00 A-1B 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 M-1 24,537,000.00 24,537,000.00 0.00 0.00 0.00 0.00 M-2 13,560,000.00 13,560,000.00 0.00 0.00 0.00 0.00 M-3 5,811,000.00 5,811,000.00 0.00 0.00 0.00 0.00 M-4 5,940,000.00 5,940,000.00 0.00 0.00 0.00 0.00 M-5 5,424,000.00 5,424,000.00 0.00 0.00 0.00 0.00 M-6 4,778,000.00 4,778,000.00 0.00 0.00 0.00 0.00 M-7 5,036,000.00 5,036,000.00 0.00 0.00 0.00 0.00 B-1 4,649,000.00 4,649,000.00 0.00 0.00 0.00 0.00 B-2 4,262,000.00 4,262,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE-1 2,583,241.00 2,583,241.00 0.00 0.00 0.00 0.00 CE-2 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 258,281,341.00 258,281,341.00 0.00 8,241,343.40 0.00 0.00
Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1A 8,241,343.40 148,459,656.60 0.94740721 8,241,343.40 A-1B 0.00 25,000,000.00 1.00000000 0.00 M-1 0.00 24,537,000.00 1.00000000 0.00 M-2 0.00 13,560,000.00 1.00000000 0.00 M-3 0.00 5,811,000.00 1.00000000 0.00 M-4 0.00 5,940,000.00 1.00000000 0.00 M-5 0.00 5,424,000.00 1.00000000 0.00 M-6 0.00 4,778,000.00 1.00000000 0.00 M-7 0.00 5,036,000.00 1.00000000 0.00 B-1 0.00 4,649,000.00 1.00000000 0.00 B-2 0.00 4,262,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 CE-1 0.00 3,740,361.31 1.44793355 0.00 CE-2 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 8,241,343.40 251,197,117.91 0.97257168 8,241,343.40
Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution A-1A 156,701,000.00 1000.00000000 0.00000000 52.59279392 0.00000000 A-1B 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 24,537,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 5,811,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 5,940,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 4,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 5,036,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 4,649,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 4,262,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE-1 2,583,241.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1A 0.00000000 52.59279392 947.40720608 0.94740721 52.59279392 A-1B 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 CE-1 0.00000000 0.00000000 1447.93354937 1.44793355 0.00000000 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NOTE: All Classes are per $1,000 denomination.
Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Interest Rate Notional Interest Shortfall (1) Balance A-1A ** ** 3.86938% 156,701,000.00 471,594.45 0.00 A-1B ** ** 5.11000% 25,000,000.00 106,458.33 0.00 M-1 ** ** 5.37000% 24,537,000.00 109,803.08 0.00 M-2 ** ** 5.76000% 13,560,000.00 65,088.00 0.00 M-3 ** ** 5.86000% 5,811,000.00 28,377.05 0.00 M-4 ** ** 6.11000% 5,940,000.00 30,244.50 0.00 M-5 ** ** 6.21000% 5,424,000.00 28,069.20 0.00 M-6 ** ** 6.36000% 4,778,000.00 25,323.40 0.00 M-7 ** ** 6.50000% 5,036,000.00 27,278.33 0.00 B-1 ** ** 6.00000% 4,649,000.00 23,245.00 0.00 B-2 ** ** 6.00000% 4,262,000.00 21,310.00 0.00 P ** ** 0.00000% 100.00 0.00 0.00 CE-1 ** ** 0.00000% 2,583,241.00 0.00 0.00 CE-2 ** ** 0.00000% 0.00 0.00 0.00 R ** ** 0.00000% 0.00 0.00 0.00 Totals 936,791.34 0.00
Interest Distribution Statement (continued) Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance A-1A 0.00 0.00 471,594.45 0.00 148,459,656.60 A-1B 0.00 0.00 106,458.33 0.00 25,000,000.00 M-1 0.00 0.00 109,803.08 0.00 24,537,000.00 M-2 0.00 0.00 65,088.00 0.00 13,560,000.00 M-3 0.00 0.00 28,377.05 0.00 5,811,000.00 M-4 0.00 0.00 30,244.50 0.00 5,940,000.00 M-5 0.00 0.00 28,069.20 0.00 5,424,000.00 M-6 0.00 0.00 25,323.40 0.00 4,778,000.00 M-7 0.00 0.00 27,278.33 0.00 5,036,000.00 B-1 0.00 0.00 23,245.00 0.00 4,649,000.00 B-2 0.00 0.00 21,310.00 0.00 4,262,000.00 P 0.00 0.00 78,392.14 0.00 100.00 CE-1 0.00 0.00 0.00 0.00 3,740,361.60 CE-2 0.00 0.00 53,124.47 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,068,307.95 0.00 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable. ** For distribution dates prior to December 1, 2005 this information was not available for reporting purposes.
Interest Distribution Factors Statement Class Original Current Beginning Current Payment of Face Certificate Certificate/ Accrued Unpaid Interest Amount Rate Notional Interest Shortfall (1) Balance A-1A 156,701,000.00 3.86938% 1000.00000000 3.00951781 0.00000000 A-1B 25,000,000.00 5.11000% 1000.00000000 4.25833320 0.00000000 M-1 24,537,000.00 5.37000% 1000.00000000 4.47500020 0.00000000 M-2 13,560,000.00 5.76000% 1000.00000000 4.80000000 0.00000000 M-3 5,811,000.00 5.86000% 1000.00000000 4.88333333 0.00000000 M-4 5,940,000.00 6.11000% 1000.00000000 5.09166667 0.00000000 M-5 5,424,000.00 6.21000% 1000.00000000 5.17500000 0.00000000 M-6 4,778,000.00 6.36000% 1000.00000000 5.30000000 0.00000000 M-7 5,036,000.00 6.50000% 1000.00000000 5.41666600 0.00000000 B-1 4,649,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 B-2 4,262,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 CE-1 2,583,241.00 0.00000% 1000.00000000 0.00000000 0.00000000 CE-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000
Interest Distribution Factors Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance A-1A 0.00000000 0.00000000 3.00951781 0.00000000 947.40720608 A-1B 0.00000000 0.00000000 4.25833320 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 4.47500020 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.80000000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.88333333 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 5.09166667 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.17500000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 5.30000000 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 5.41666600 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 P 0.00000000 0.00000000 783921.40000000 0.00000000 1000.00000000 CE-1 0.00000000 0.00000000 0.00000000 0.00000000 1447.93366163 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable. NOTE: All Classes are Per 1,000 Denomination.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,281,017.84 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 19,153.64 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties 78,392.14 Total Deposits 9,378,563.62 Withdrawals Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0.00 Total Administration Fees 122,445.71 Payment of Interest and Principal 9,256,117.91 Total Withdrawals (Pool Distribution Amount) 9,378,563.62 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
ADMINISTRATION FEES Gross Servicing Fee* 112,760.16 Credit Risk Manager Fee - Clayton Fixed Income Services 3,228.52 Wells Fargo Master Servicing Fee 6,457.03 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees 122,445.71 *Servicer Payees include: GMAC MTG CORP; OCWEN FEDERAL BANK FSB
Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Coupon Rate 10.298654% Weighted Average Net Rate 9.774760% Weighted Average Pass Through Rate 9.729760% Weighted Average Remaining Term 318 Record Date 08/31/2005 Principal and Interest Constant 2,366,697.08 Beginning Loan Count 5,227 Loans Paid in Full 121 Ending Loan Count 5,106 Beginning Scheduled Balance 258,281,341.00 Ending Scheduled Balance 251,197,118.20 Ending Actual Balance at 31-Aug-2005 251,327,889.70 Scheduled Principal 150,071.91 Unscheduled Principal 6,934,151.18 Scheduled Interest 2,216,625.17 Servicing Fee 112,760.16 Master Servicing Fee 6,457.03 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,228.52 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,094,179.46 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalty Paid Amount 78,392.14 Prepayment Penalty Paid Count * Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 1,157,120.31 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 14,980,317.79 Overcollateralized Amount 3,740,361.31 Overcollateralized Deficiency Amount 11,239,588.16 Base Overcollateralization Amount 0.00 * This data is currently not provided for reporting.
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 Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 38 0 0 0 38 1,869,864.45 0.00 0.00 0.00 1,869,864.45 60 Days 8 0 0 0 8 239,331.49 0.00 0.00 0.00 239,331.49 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 46 0 0 0 46 2,109,195.94 0.00 0.00 0.00 2,109,195.94 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.744222% 0.000000% 0.000000% 0.000000% 0.744222% 0.743994% 0.000000% 0.000000% 0.000000% 0.743994% 60 Days 0.156678% 0.000000% 0.000000% 0.000000% 0.156678% 0.095227% 0.000000% 0.000000% 0.000000% 0.095227% 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 0.900901% 0.000000% 0.000000% 0.000000% 0.900901% 0.839221% 0.000000% 0.000000% 0.000000% 0.839221%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 19,153.64
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class CE-1 255,698,100.00 98.99983445% 247,456,756.60 98.51098547% 1.489014% 0.000000% Class B-2 251,436,100.00 97.34969589% 243,194,756.60 96.81430995% 1.696676% 0.000000% Class B-1 246,787,100.00 95.54972072% 238,545,756.60 94.96357216% 1.850738% 0.000000% Class M-4 225,609,100.00 87.35013498% 217,367,756.60 86.53274295% 2.364677% 0.000000% Class M-3 219,798,100.00 85.10026282% 211,556,756.60 84.21942024% 2.313323% 0.000000% Class M-2 206,238,100.00 79.85017392% 197,996,756.60 78.82126914% 5.398151% 0.000000% Class M-1 181,701,100.00 70.35006838% 173,459,756.60 69.05324306% 9.768026% 0.000000% Class A1-B 156,701,100.00 60.67070095% 148,459,756.60 59.10089959% 9.952343% 0.000000% Class A1-A 100.00 0.00003872% 100.00 0.00003981% 59.100860% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000040% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.
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 Actual 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 Actual 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 Actual 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 Actual 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 Actual 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 Actual To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure Loans this Period
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period
12 Month Bankruptcy History* Month Bankruptcy Percentage N/A
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance No Bankruptcy Loans this Period
Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Actual Date Delinquent Loan Rate Delinquent Balance Interest No Bankruptcy Loans this Period
Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Actual Loss/(Gain) Loss Group Losses Balance Amount Percentage 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 Actual 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. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled 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 Scheduled Balance of Liquidated Loans)
Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Scheduled Principal Scheduled Group Count Balance Balance Count Balance Balance Total 121 6,971,766.00 6,873,613.77 0 0.00 0.00
Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Scheduled Principal Scheduled Curtailment Group Count Balance Balance Count Balance Balance Amount Total 0 0.00 0.00 0 0.00 0.00 3,653,448.42
Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0110436153 NJ 100.00 01-Mar-2005 68,200.00 68,073.95 Summary 0110443481 MA 97.01 01-Apr-2005 79,600.00 79,474.52 Summary 0110443512 MA 95.00 01-Apr-2005 78,750.00 78,607.55 Summary 0110443692 NV 100.00 01-Apr-2005 39,397.00 39,243.64 Summary 0110443757 AZ 100.00 01-Apr-2005 94,292.00 94,159.07 Summary 0110443783 AZ 100.00 01-Apr-2005 41,000.00 40,891.93 Summary 0110444686 AZ 100.00 01-Apr-2005 35,088.00 34,973.80 Summary 0110444689 CA 100.00 01-Mar-2005 90,361.00 90,023.49 Summary 0110447334 CA 100.00 01-Apr-2005 95,583.00 95,337.27 Summary 0110452070 WA 95.00 01-May-2005 139,000.00 135,736.49 Summary 0110456448 WA 100.00 01-Mar-2005 24,600.00 24,525.92 Summary 0110457123 CA 100.00 01-May-2005 22,715.00 22,562.15 Summary 0110457141 AZ 99.96 01-May-2005 36,700.00 36,581.35 Summary 0110463052 TX 100.00 01-May-2005 30,536.00 30,496.09 Summary 0110463059 FL 100.00 01-May-2005 64,602.00 64,400.76 Summary 0110463593 NJ 91.38 01-Apr-2005 53,000.00 52,916.91 Summary 0110463611 CT 95.00 01-Apr-2005 12,750.00 12,423.25 Summary 0110463656 MA 92.93 01-Apr-2005 77,600.00 77,309.55 Summary 0110463720 MA 100.00 01-Feb-2005 66,000.00 65,821.60 Summary 0110463796 CA 100.00 01-Apr-2005 111,990.00 111,669.37 Summary 0110463839 NV 100.00 01-Apr-2005 73,500.00 73,320.83 Summary 0110463855 KY 100.00 01-Apr-2005 16,000.00 15,881.50 Summary 0110463873 NJ 90.00 01-Apr-2005 29,000.00 28,941.75 Summary 0110463939 WA 100.00 01-Apr-2005 42,990.00 42,887.85 Summary 0110464005 CA 100.00 01-Mar-2005 60,200.00 60,008.40 Summary 0110464007 HI 100.00 01-Apr-2005 120,000.00 119,646.19 Summary 0110464017 CA 100.00 01-Apr-2005 116,000.00 115,716.35 Summary 0110464038 CA 90.00 01-Apr-2005 37,000.00 36,891.48 Summary 0110464058 FL 100.00 01-Apr-2005 90,000.00 89,728.47 Summary 0110464066 CA 100.00 01-Apr-2005 47,980.00 47,803.46 Summary 0110464090 MA 100.00 01-Feb-2005 66,000.00 65,843.17 Summary 0110464183 FL 100.00 01-Apr-2005 36,200.00 36,114.07 Summary 0110464249 FL 100.00 01-Apr-2005 23,000.00 22,836.84 Summary 0110464257 FL 95.00 01-Apr-2005 8,250.00 8,032.47 Summary 0110464301 FL 100.00 01-Apr-2005 14,800.00 14,695.00 Summary 0110464335 NY 95.00 01-Apr-2005 21,250.00 20,975.89 Summary 0110464412 GA 100.00 01-Apr-2005 111,800.00 111,461.67 Summary 0110464424 FL 100.00 01-Apr-2005 41,200.00 41,062.38 Summary 0110464449 GA 95.00 01-Feb-2005 6,250.00 6,021.72 Summary 0110464481 NC 95.00 01-Mar-2005 32,550.00 32,443.87 Summary 0110464528 AZ 100.00 01-Apr-2005 29,930.00 29,699.84 Summary 0110464554 NV 95.00 01-Feb-2005 19,500.00 19,197.72 Summary 0110464697 TX 100.00 01-Apr-2005 27,700.00 27,639.33 Summary 0110464809 MO 100.00 01-Apr-2005 25,200.00 25,160.49 Summary 0110464886 IL 95.00 01-Apr-2005 7,850.00 7,621.78 Summary 0110464897 MI 100.00 01-Apr-2005 26,000.00 25,942.95 Summary 0110464999 IL 95.00 01-Apr-2005 5,250.00 5,105.53 Summary 0110465000 GA 95.00 01-Apr-2005 5,500.00 5,363.01 Summary 0110465040 MN 100.00 01-Feb-2005 104,290.00 103,974.34 Summary 0110465054 CA 100.00 01-Apr-2005 60,200.00 60,105.11 Summary 0110465062 NJ 95.00 01-Apr-2005 82,500.00 82,276.93 Summary 0110465088 NV 100.00 01-Apr-2005 171,800.00 171,381.25 Summary 0110465118 CA 90.00 01-Apr-2005 35,450.00 34,924.68 Summary 0110465128 VA 95.00 01-Apr-2005 19,800.00 19,555.02 Summary 0110465130 CA 100.00 01-Apr-2005 110,000.00 109,685.69 Summary 0110465143 CA 95.00 01-Apr-2005 10,750.00 10,462.33 Summary 0110465205 CA 90.00 01-Apr-2005 54,500.00 54,317.61 Summary 0110465236 CA 93.75 01-Apr-2005 187,500.00 187,097.76 Summary 0110465261 AZ 100.00 01-Apr-2005 98,478.00 98,181.54 Summary 0110465351 CA 95.00 01-Apr-2005 10,350.00 10,073.00 Summary 0110465397 CA 100.00 01-Mar-2005 120,250.00 119,933.04 Summary 0110465423 AZ 100.00 01-Apr-2005 44,000.00 43,880.47 Summary 0110465724 AZ 97.94 01-May-2005 95,000.00 94,703.81 Summary 0110466342 CA 64.44 01-Jun-2005 109,000.00 107,502.12 Summary 0110466383 NJ 76.69 01-Jun-2005 36,650.00 36,504.33 Summary 0110466387 IL 79.59 01-Jun-2005 48,250.00 47,586.48 Summary 0110466435 IL 79.55 01-Jun-2005 20,000.00 19,851.32 Summary 0110466627 IL 100.00 01-May-2005 58,424.00 58,312.02 Summary 0110466670 IL 100.00 01-Jan-2005 82,000.00 (83,350.29) Summary 0110466750 CA 100.00 01-May-2005 20,000.00 (20,317.22) Summary 0110466783 CA 100.00 01-May-2005 99,000.00 (100,528.78) Summary 0110466815 UT 100.00 01-Apr-2005 31,900.00 31,798.81 Summary 0110466858 IL 100.00 01-Jan-2005 96,000.00 95,742.65 Summary 0110466865 IL 100.00 01-May-2005 22,660.00 (22,985.84) Summary 0110466884 FL 100.00 01-May-2005 64,000.00 63,873.29 Summary 0110466951 OR 100.00 01-May-2005 73,200.00 73,091.97 Summary 0110466988 NY 100.00 01-May-2005 54,650.00 (55,482.37) Summary 0110467093 WA 100.00 01-May-2005 33,400.00 33,351.23 Summary 0110467242 NY 100.00 01-Feb-2005 68,000.00 (69,127.67) Summary 0110467273 FL 100.00 01-May-2005 30,000.00 29,944.90 Summary 0110467351 HI 100.00 01-May-2005 70,000.00 (71,110.31) Summary 0110467416 CA 100.00 01-May-2005 55,900.00 (56,798.30) Summary 0110467568 TX 100.00 01-May-2005 36,400.00 36,134.87 Summary 0110467570 CA 100.00 01-Apr-2005 145,400.00 144,997.51 Summary 0110467575 IL 100.00 01-Mar-2005 23,000.00 22,920.77 Summary 0110467775 AZ 100.00 01-Jan-2005 23,993.00 23,921.51 Summary 0110467817 AZ 100.00 01-Feb-2005 61,600.00 (62,736.53) Summary 0110467856 CA 100.00 01-May-2005 114,000.00 113,822.22 Summary 0110467863 AZ 100.00 01-May-2005 22,000.00 21,942.67 Summary 0110467963 FL 100.00 01-Jan-2005 48,600.00 (49,285.11) Summary 0110468094 IL 100.00 01-May-2005 60,000.00 59,882.49 Summary 0110468125 CA 100.00 01-Feb-2005 40,000.00 (40,590.06) Summary 0110468184 CA 100.00 01-Mar-2005 99,000.00 (100,665.19) Summary 0110468238 CA 100.00 01-Mar-2005 51,000.00 50,866.27 Summary 0110468258 CA 100.00 01-May-2005 48,000.00 47,926.78 Summary 0110468334 FL 100.00 01-Dec-2004 59,640.00 (60,492.83) Summary 0110468372 FL 100.00 01-Dec-2004 58,800.00 (59,637.93) Summary 0110468424 CA 100.00 01-May-2005 61,000.00 (61,896.72) Summary 0110468446 MD 100.00 01-May-2005 31,800.00 31,735.41 Summary 0110468466 CA 100.00 01-May-2005 91,000.00 (13,971.41) Summary 0110468515 IL 100.00 01-May-2005 28,000.00 27,946.31 Summary 0110468563 UT 100.00 01-May-2005 21,000.00 20,953.25 Summary 0110468590 IL 100.00 01-May-2005 87,364.00 (88,740.61) Summary 0110468699 FL 100.00 01-May-2005 84,000.00 (85,332.37) Summary 0110468700 CA 100.00 01-May-2005 107,859.00 (109,758.13) Summary 0110468730 IL 100.00 01-May-2005 92,360.00 (93,882.47) Summary 0110468789 CA 100.00 01-Apr-2005 116,000.00 (117,548.24) Summary 0110468893 AZ 94.87 01-May-2005 20,000.00 19,950.50 Summary 0110468904 CA 100.00 01-May-2005 53,600.00 53,452.90 Summary 0110468931 FL 100.00 01-May-2005 29,400.00 (29,860.16) Summary 0110469006 CA 100.00 01-May-2005 78,000.00 (79,096.43) Summary 0110469007 CA 100.00 01-May-2005 40,000.00 39,937.60 Summary 0110469017 FL 100.00 01-Feb-2005 29,400.00 (29,884.23) Summary 0110469089 IL 100.00 01-Feb-2005 45,300.00 (46,183.97) Summary 0110469132 CT 100.00 01-May-2005 23,600.00 (23,996.30) Summary 0110469162 CA 100.00 01-Jan-2005 89,800.00 (91,193.85) Summary 0110469171 AL 100.00 01-Jan-2005 49,000.00 48,733.67 Summary 0110469311 AZ 100.00 01-May-2005 29,500.00 (29,970.33) Summary 0110469530 CA 100.00 01-May-2005 55,004.00 (55,922.01) Summary 0110469536 CA 100.00 01-May-2005 98,400.00 98,246.59 Summary 0110469623 FL 100.00 01-May-2005 38,380.00 38,292.73
Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0110436153 Loan Paid in Full 0 12.500% 360 6 Summary 0110443481 Loan Paid in Full 0 12.500% 180 5 Summary 0110443512 Loan Paid in Full 0 11.875% 180 5 Summary 0110443692 Loan Paid in Full 0 8.250% 180 5 Summary 0110443757 Loan Paid in Full 0 13.000% 180 5 Summary 0110443783 Loan Paid in Full 0 10.250% 180 5 Summary 0110444686 Loan Paid in Full 0 9.125% 180 5 Summary 0110444689 Loan Paid in Full 0 9.250% 180 6 Summary 0110447334 Loan Paid in Full 0 10.250% 180 5 Summary 0110452070 Loan Paid in Full 0 12.375% 180 4 Summary 0110456448 Loan Paid in Full 0 10.250% 240 6 Summary 0110457123 Loan Paid in Full 0 10.250% 240 4 Summary 0110457141 Loan Paid in Full 0 8.250% 180 4 Summary 0110463052 Loan Paid in Full 0 12.500% 180 4 Summary 0110463059 Loan Paid in Full 0 9.125% 180 4 Summary 0110463593 Loan Paid in Full 0 12.525% 360 5 Summary 0110463611 Loan Paid in Full 0 12.750% 120 5 Summary 0110463656 Loan Paid in Full 0 9.749% 360 5 Summary 0110463720 Loan Paid in Full 0 11.400% 360 7 Summary 0110463796 Loan Paid in Full 0 9.740% 360 5 Summary 0110463839 Loan Paid in Full 0 10.500% 360 5 Summary 0110463855 Loan Paid in Full 0 11.000% 240 5 Summary 0110463873 Loan Paid in Full 0 11.400% 360 5 Summary 0110463939 Loan Paid in Full 0 9.750% 360 5 Summary 0110464005 Loan Paid in Full 0 9.990% 360 6 Summary 0110464007 Loan Paid in Full 0 9.600% 360 5 Summary 0110464017 Loan Paid in Full 0 10.500% 360 5 Summary 0110464038 Loan Paid in Full 0 9.625% 360 5 Summary 0110464058 Loan Paid in Full 0 9.490% 360 5 Summary 0110464066 Loan Paid in Full 0 8.750% 360 5 Summary 0110464090 Loan Paid in Full 0 11.990% 360 7 Summary 0110464183 Loan Paid in Full 0 10.625% 360 5 Summary 0110464249 Loan Paid in Full 0 11.000% 240 5 Summary 0110464257 Loan Paid in Full 0 12.250% 120 5 Summary 0110464301 Loan Paid in Full 0 11.000% 240 5 Summary 0110464335 Loan Paid in Full 0 11.500% 180 5 Summary 0110464412 Loan Paid in Full 0 9.475% 360 5 Summary 0110464424 Loan Paid in Full 0 9.000% 360 5 Summary 0110464449 Loan Paid in Full 0 11.750% 120 7 Summary 0110464481 Loan Paid in Full 0 9.875% 360 6 Summary 0110464528 Loan Paid in Full 0 10.375% 240 5 Summary 0110464554 Loan Paid in Full 0 12.750% 180 7 Summary 0110464697 Loan Paid in Full 0 11.000% 360 5 Summary 0110464809 Loan Paid in Full 0 12.525% 360 5 Summary 0110464886 Loan Paid in Full 0 11.900% 120 5 Summary 0110464897 Loan Paid in Full 0 10.990% 360 5 Summary 0110464999 Loan Paid in Full 0 11.500% 120 5 Summary 0110465000 Loan Paid in Full 0 13.250% 120 5 Summary 0110465040 Loan Paid in Full 0 10.875% 360 7 Summary 0110465054 Loan Paid in Full 0 12.500% 360 5 Summary 0110465062 Loan Paid in Full 0 10.250% 360 5 Summary 0110465088 Loan Paid in Full 0 10.500% 360 5 Summary 0110465118 Loan Paid in Full 0 9.990% 180 5 Summary 0110465128 Loan Paid in Full 0 11.950% 180 5 Summary 0110465130 Loan Paid in Full 0 9.749% 360 5 Summary 0110465143 Loan Paid in Full 0 11.990% 120 5 Summary 0110465205 Loan Paid in Full 0 8.990% 360 5 Summary 0110465236 Loan Paid in Full 0 11.125% 360 5 Summary 0110465261 Loan Paid in Full 0 9.500% 360 5 Summary 0110465351 Loan Paid in Full 0 11.990% 120 5 Summary 0110465397 Loan Paid in Full 0 10.875% 360 6 Summary 0110465423 Loan Paid in Full 0 9.990% 360 5 Summary 0110465724 Loan Paid in Full 0 9.125% 180 4 Summary 0110466342 Loan Paid in Full 0 6.100% 180 3 Summary 0110466383 Loan Paid in Full 0 6.050% 180 3 Summary 0110466387 Loan Paid in Full 0 6.100% 180 3 Summary 0110466435 Loan Paid in Full 0 6.450% 180 3 Summary 0110466627 Loan Paid in Full 0 10.750% 360 4 Summary 0110466670 Loan Paid in Full 0 11.650% 360 8 Summary 0110466750 Loan Paid in Full 0 10.700% 360 4 Summary 0110466783 Loan Paid in Full 0 10.500% 360 4 Summary 0110466815 Loan Paid in Full 0 9.250% 360 5 Summary 0110466858 Loan Paid in Full 0 12.000% 360 8 Summary 0110466865 Loan Paid in Full 0 10.000% 360 4 Summary 0110466884 Loan Paid in Full 0 10.600% 360 4 Summary 0110466951 Loan Paid in Full 0 11.950% 360 4 Summary 0110466988 Loan Paid in Full 0 10.400% 360 4 Summary 0110467093 Loan Paid in Full 0 12.000% 360 4 Summary 0110467242 Loan Paid in Full 0 11.550% 360 7 Summary 0110467273 Loan Paid in Full 0 10.950% 360 4 Summary 0110467351 Loan Paid in Full 0 10.700% 360 4 Summary 0110467416 Loan Paid in Full 0 10.800% 360 4 Summary 0110467568 Loan Paid in Full 0 9.450% 360 4 Summary 0110467570 Loan Paid in Full 0 9.900% 360 5 Summary 0110467575 Loan Paid in Full 0 11.300% 360 6 Summary 0110467775 Loan Paid in Full 0 11.550% 360 8 Summary 0110467817 Loan Paid in Full 0 12.400% 360 7 Summary 0110467856 Loan Paid in Full 0 11.700% 360 4 Summary 0110467863 Loan Paid in Full 0 9.300% 360 4 Summary 0110467963 Loan Paid in Full 0 10.650% 360 8 Summary 0110468094 Loan Paid in Full 0 10.650% 360 4 Summary 0110468125 Loan Paid in Full 0 10.750% 360 7 Summary 0110468184 Loan Paid in Full 0 11.500% 360 6 Summary 0110468238 Loan Paid in Full 0 10.900% 360 6 Summary 0110468258 Loan Paid in Full 0 11.800% 360 4 Summary 0110468334 Loan Paid in Full 0 10.900% 360 9 Summary 0110468372 Loan Paid in Full 0 10.900% 360 9 Summary 0110468424 Loan Paid in Full 0 10.150% 360 4 Summary 0110468446 Loan Paid in Full 0 12.250% 360 4 Summary 0110468466 Loan Paid in Full 0 11.250% 360 4 Summary 0110468515 Loan Paid in Full 0 10.750% 360 4 Summary 0110468563 Loan Paid in Full 0 10.050% 360 4 Summary 0110468590 Loan Paid in Full 0 10.650% 360 4 Summary 0110468699 Loan Paid in Full 0 10.700% 360 4 Summary 0110468700 Loan Paid in Full 0 11.550% 360 4 Summary 0110468730 Loan Paid in Full 0 11.000% 360 4 Summary 0110468789 Loan Paid in Full 0 9.750% 360 5 Summary 0110468893 Loan Paid in Full 0 9.550% 360 4 Summary 0110468904 Loan Paid in Full 0 9.050% 360 4 Summary 0110468931 Loan Paid in Full 0 10.600% 360 4 Summary 0110469006 Loan Paid in Full 0 9.850% 360 4 Summary 0110469007 Loan Paid in Full 0 11.700% 360 4 Summary 0110469017 Loan Paid in Full 0 11.500% 360 7 Summary 0110469089 Loan Paid in Full 0 12.900% 360 7 Summary 0110469132 Loan Paid in Full 0 11.150% 360 4 Summary 0110469162 Loan Paid in Full 0 11.300% 360 8 Summary 0110469171 Loan Paid in Full 0 10.700% 360 8 Summary 0110469311 Loan Paid in Full 0 10.750% 360 4 Summary 0110469530 Loan Paid in Full 0 11.100% 360 4 Summary 0110469536 Loan Paid in Full 0 11.700% 360 4 Summary 0110469623 Loan Paid in Full 0 9.950% 360 4
Prepayment - Voluntary Prepayments
Summary SMM CPR PSA Current Month 2.686% Current Month 27.875% Current Month 3,025.230% 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 27.875% N/A Sep-2005 3,025.230% 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))