8-K 1 eight-k.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report -August 25, 2005 --------------------------------- (Date of Earliest Event Reported) POPULAR ABS, INC. -------------------------------------------------------------------------------- (as depositor under a certain Pooling and Servicing Agreement dated as of May 1, 2005, providing for the issuance of Mortgage Pass-Through Certificates, Series 2005-A) (Exact Name of Registrant as specified in its charter) Delaware 333-115371-05 52-2029487 ----------------------- ----------------------- -------------------- (State of Incorporation) (Commission File No.) (IRS Employer I.D. No.) 103 Springer Building, 3411 Silverside Road, Wilmington, Delaware 19803 -------------------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (302) 478-6160 Item 8.01. Other Events. Attached hereto as Annex A is a copy of the Statement to Certificateholders sent to Class AF-1, AF-2, AF-3, AF-4, AF-5, AV, M-1, M-2, M-3, M-4, M-5 and M-6 Certificateholders with respect to the August 25, 2005 Distribution Date. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. POPULAR ABS, INC. By: /s/ James H. Jenkins ------------------------------------ James H. Jenkins, Executive Vice President and CFO Dated: August 25, 2005 Page 1 of 7 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A STATEMENT TO CERTIFICATEHOLDERS AUGUST 25, 2005

----------------------------------------------------------------------------------------------------------------------------~~--------~~ Page 1 of 7 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A STATEMENT TO CERTIFICATEHOLDERS JULY 25, 2005 ------------------------------------------------------------------------------------------------------------------------------------ DISTRIBUTION IN DOLLARS ------------------------------------------------------------------------------------------------------------------------------------ CLASS ORIGINAL BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING FACE VALUE PRINCIPAL LOSSES INTEREST PRINCIPAL BALANCE BALANCE ------------------------------------------------------------------------------------------------------------------------------------ AF1 42,380,000.00 4140,~~730~~467,~~202~~366.2374 1,~~262~~185,~~835~~925.4925 ~~111~~124,~~469~~751.0790 1,~~374~~310,~~304~~677.5615 0.00 0.00 4039,~~467~~281,~~366~~441.7449 AF2 26,370,000.00 26,370,000.00 0.00 98,755.65 98,755.65 0.00 0.00 26,370,000.00 AF3 7,890,000.00 7,890,000.00 0.00 32,046.55 32,046.55 0.00 0.00 7,890,000.00 AF4 15,180,000.00 15,180,000.00 0.00 65,944.45 65,944.45 0.00 0.00 15,180,000.00 AF5 10,200,000.00 10,200,000.00 0.00 40,953.00 40,953.00 0.00 0.00 10,200,000.00 AV 82,820,000.00 8279,~~228~~879,~~775~~586.2128 23,~~349~~582,~~188~~740.9356 ~~218~~244,~~369~~875.1131 23,~~567~~827,~~558~~615.0487 0.00 0.00 7976,~~879~~296,~~586~~845.2872 M1 23,090,000.00 23,090,000.00 0.00 6777,~~244~~345.9009 6777,~~244~~345.9009 0.00 0.00 23,090,000.00 M2 14,000,000.00 14,000,000.00 0.00 4249,~~949~~307.9222 4249,~~949~~307.9222 0.00 0.00 14,000,000.00 M3 2,820,000.00 2,820,000.00 0.00 810,~~782~~077.9458 810,~~782~~077.9458 0.00 0.00 2,820,000.00 M4 4,540,000.00 4,540,000.00 0.00 1518,~~764~~022.2254 1518,~~764~~022.2254 0.00 0.00 4,540,000.00 M5 2,330,000.00 2,330,000.00 0.00 89,~~271~~450.6709 89,~~271~~450.6709 0.00 0.00 2,330,000.00 M6 3,320,000.00 3,320,000.00 0.00 1214,~~819~~608.1392 1214,~~819~~608.1392 0.00 0.00 3,320,000.00 B1 4,300,000.00 4,300,000.00 0.00 2022,~~281~~947.9843 2022,~~281~~947.9843 0.00 0.00 4,300,000.00 B2 3,320,000.00 3,320,000.00 0.00 1517,~~659~~717.5855 1517,~~659~~717.5855 0.00 0.00 3,320,000.00 B3 3,075,000.00 3,075,000.00 0.00 1416,~~503~~410.9808 1416,~~503~~410.9808 0.00 0.00 3,075,000.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 245,635,000.00 ~~244~~240,~~393~~781,~~977~~953.4402 34,~~612~~768,~~024~~665.4281 ~~773~~843,~~816~~213.1536 45,~~385~~611,~~840~~879.5717 0.00 0.00 ~~240~~236,~~781~~013,~~953~~287.0221 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ X 245,635,417.10 ~~244~~241,~~739~~660,~~929~~852.3062 0.00 210.1003 210.1003 0.00 0.00 ~~241~~237,~~660~~339,~~852~~771.6248 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE | PASS-THROUGH RATES -------------------------------------------------------------------------------------------------- |------------------------------- CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING | CLASS | CURRENT PASS- PRINCIPAL PRINCIPAL | | THRU RATE ----------------------------------------------------------------------------------------------------------------------------------- AF1 73316PCU2 954.86943700 27.98313473 2.94365031 30.92678504 926.88630227 AF1 3.580000% AF2 73316PCV0 1,000.00000000 0.00000000 3.74500000 3.74500000 1,000.00000000 AF2 4.494000% AF3 73316PCW8 1,000.00000000 0.00000000 4.06166667 4.06166667 1,000.00000000 AF3 4.874000% AF4 73316PCX6 1,000.00000000 0.00000000 4.34416667 4.34416667 1,000.00000000 AF4 5.213000% AF5 73316PCY4 1,000.00000000 0.00000000 4.01500000 4.01500000 1,000.00000000 AF5 4.818000% AV 73316PCZ1 964.49633277 43.25936440 2.95671710 46.21608150 921.23696837 AV 3.560000% M1 73316PDA5 1,000.00000000 0.00000000 3.34972239 3.34972239 1,000.00000000 M1 3.890000% M2 73316PDB3 1,000.00000000 0.00000000 3.52194429 3.52194429 1,000.00000000 M2 4.090000% M3 73316PDC1 1,000.00000000 0.00000000 3.57360993 3.57360993 1,000.00000000 M3 4.150000% M4 73316PDD9 1,000.00000000 0.00000000 3.96972247 3.96972247 1,000.00000000 M4 4.610000% M5 73316PDE7 1,000.00000000 0.00000000 4.05583262 4.05583262 1,000.00000000 M5 4.710000% M6 73316PDF4 1,000.00000000 0.00000000 4.40027711 4.40027711 1,000.00000000 M6 5.110000% B1 73316PDG2 1,000.00000000 0.00000000 5.33661163 5.33661163 1,000.00000000 B1 6.197356% B2 73316PDH0 1,000.00000000 0.00000000 5.33661145 5.33661145 1,000.00000000 B2 6.197356% B3 73316PDJ6 1,000.00000000 0.00000000 5.33661138 5.33661138 1,000.00000000 B3 6.197356% ----------------------------------------------------------------------------------------------------------------------------------- TOTALS 980.24285228 19.41362513 3.43278995 22.84641509 960.82922715 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- X N/A 983.81925324 0.00000000 0.00000012 0.00000012 966.22781145 X 0.000000 % -----------------------------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------- JPMorgan [Graphic Omitted] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 2 of 7 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A AUGUST 25, 2005 -------------------------------------------------------------------------------- Sec. 4.03(a)(i) Funds Allocable to Certificate Principal Group I Scheduled Principal 104,949.40 Group I Curtailments 6,163.23 Group I Prepayments 963,502.25 Group I Repurchases 0.00 Group I Liquidation Proceeds 0.00 Group II Scheduled Principal 122,687.93 Group II Curtailments 9,025.19 Group II Prepayments 3,114,753.14 Group II Repurchases 0.00 Group II Liquidation Proceeds 0.00 Extra Principal Distribution Amount 447,584.67 Sec. 4.03 (a)(ii) Interest Distribution Amounts Interest Distribution - AF-1 124,751.90 Unpaid Interest - AF-1 0.00 Remaining Unpaid Interest - AF-1 0.00 Interest Distribution - AF-2 98,755.65 Unpaid Interest - AF-2 0.00 Remaining Unpaid Interest - AF-2 0.00 Interest Distribution - AF-3 32,046.55 Unpaid Interest - AF-3 0.00 Remaining Unpaid Interest - AF-3 0.00 Interest Distribution - AF-4 65,944.45 Unpaid Interest - AF-4 0.00 Remaining Unpaid Interest - AF-4 0.00 Interest Distribution - AF-5 40,953.00 Unpaid Interest - AF-5 0.00 Remaining Unpaid Interest - AF-5 0.00 Interest Distribution - AV 244,875.31 Unpaid Interest - AV 0.00 Remaining Unpaid Interest - AV 0.00 Interest Distribution - M-1 77,345.09 Unpaid Interest - M-1 0.00 Remaining Unpaid Interest - M-1 0.00 -------------------------------------------------------------------------------- JPMorgan [Graphic Omitted] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 3 of 7 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A AUGUST 25, 2005 -------------------------------------------------------------------------------- Interest Distribution - M-2 49,307.22 Unpaid Interest - M-2 0.00 Remaining Unpaid Interest - M-2 0.00 Interest Distribution - M-3 10,077.58 Unpaid Interest - M-3 0.00 Remaining Unpaid Interest - M-3 0.00 Interest Distribution - M-4 18,022.54 Unpaid Interest - M-4 0.00 Remaining Unpaid Interest - M-4 0.00 Interest Distribution - M-5 9,450.09 Unpaid Interest - M-5 0.00 Remaining Unpaid Interest - M-5 0.00 Interest Distribution - M-6 14,608.92 Unpaid Interest - M-6 0.00 Remaining Unpaid Interest - M-6 0.00 Interest Distribution - B-1 22,947.43 Unpaid Interest - B-1 0.00 Remaining Unpaid Interest - B-1 0.00 Interest Distribution - B-2 17,717.55 Unpaid Interest - B-2 0.00 Remaining Unpaid Interest - B-2 0.00 Interest Distribution - B-3 16,410.08 Unpaid Interest - B-3 0.00 Remaining Unpaid Interest - B-3 0.00 Interest Reductions Net Prepayment Interest Shortfalls 0.00 Relief Act Reductions 0.00 Class AF-1 Interest Reduction 0.00 Class AF-2 Interest Reduction 0.00 Class AF-3 Interest Reduction 0.00 Class AF-5 Interest Reduction 0.00 Class AF-4 Interest Reduction 0.00 Class AV Interest Reduction 0.00 Class M-1 Interest Reduction 0.00 Class M-2 Interest Reduction 0.00 Class M-3 Interest Reduction 0.00 Class M-4 Interest Reduction 0.00 Class M-5 Interest Reduction 0.00 -------------------------------------------------------------------------------- JPMorgan [Graphic Omitted] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 4 of 7 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A AUGUST 25, 2005 --------------------------------------------------------------------------------

~~FACTOR~~Class ~~INFORMATION~~M-6 ~~PER~~Interest ~~$1000~~Reduction OF0.00 ~~ORIGINAL~~Class ~~FACE PASS~~B-~~THROUGH~~1 ~~RATES~~Interest ~~------------------------------------------------------------------------------------------------------------------------------------~~Reduction ~~CLASS~~0.00 ~~CUSIP~~Class ~~BEGINNING PRINCIPAL INTEREST TOTAL ENDING CLASS CURRENT PASS~~B-2 ~~PRINCIPAL~~Interest ~~PRINCIPAL~~Reduction ~~THRU~~0.00 ~~RATE~~Class B-~~-----------------------------------------------------------------------------------------------------------------------------------~~3 ~~AF1~~Interest ~~73316PCU2~~Reduction ~~984~~0.~~66734851~~00 29Sec.~~79791151~~ 24.~~63022817~~03(a)(iii) ~~32.42813969~~Available ~~954.86943700~~Funds ~~AF1~~Shortfall ~~3.434380~~Class %AF-1 ~~AF2~~Available ~~73316PCV0~~Funds ~~1,000.00000000~~Shortfall 0.~~00000000~~00 ~~3.74500000~~Class ~~3.74500000~~AF-2 ~~1,000.00000000~~Available ~~AF2~~Funds 4Shortfall 0.~~494000~~00 %Class ~~AF3~~AF-3 ~~73316PCW8~~Available ~~1,000.00000000~~Funds Shortfall 0.~~00000000~~00 ~~4.06166667~~Class AF-4~~.06166667~~ ~~1,000.00000000~~Available ~~AF3~~Funds ~~4.874000~~Shortfall ~~% AF4 73316PCX6 1,000.00000000~~ 0.~~00000000~~00 ~~4.34416667~~Class ~~4.34416667~~AF-5 ~~1,000.00000000~~Available ~~AF4~~Funds 5Shortfall 0.~~213000~~00 %Class ~~AF5~~AV ~~73316PCY4~~Available ~~1,000.00000000~~Funds Shortfall 0.~~00000000~~00 ~~4.01500000~~Class ~~4.01500000~~ M-1~~,000.00000000~~ ~~AF5~~Available ~~4.818000~~Funds %Shortfall ~~AV 73316PCZ1 992~~0.~~86132830~~00 ~~28.36499553~~Class M-2~~.63667121~~ ~~31.00166675~~Available ~~964.49633277~~Funds AVShortfall 30.~~414380~~00 %Class M1M-3 ~~73316PDA5~~Available ~~1,000.00000000~~Funds Shortfall 0.~~00000000~~00 ~~2.91229537~~Class ~~2.91229537~~M-4 ~~1,000.00000000~~Available M1Funds 3Shortfall 0.~~744380~~00 %Class M2M-5 ~~73316PDB3~~Available ~~1,000.00000000~~Funds Shortfall 0.~~00000000~~00 ~~3.06785143~~Class ~~3.06785143~~M-6 ~~1,000.00000000~~Available M2Funds 3Shortfall 0.~~944380~~00 %Class ~~M3 73316PDC1~~ B-1~~,000.00000000~~ ~~0.00000000~~Available ~~3.11451773~~Funds ~~3.11451773~~Shortfall ~~1,000~~0.~~00000000~~00 M3Class ~~4.004380~~B-2 %Available M4Funds ~~73316PDD9~~Shortfall ~~1,000.00000000~~ 0.~~00000000~~00 ~~3.47229515~~Class B-3~~.47229515~~ ~~1,000.00000000~~Available M4Funds ~~4.464380~~Shortfall ~~% M5 73316PDE7 1,000.00000000~~ 0.~~00000000~~00 3Sec.~~55007296~~ ~~3.55007296 1,000.00000000 M5~~ 4.~~564380~~03(a)(v) %Pool M6Principal ~~73316PDF4~~Balances ~~1,000.00000000~~Group ~~0.00000000~~I ~~3.86118373~~Beginning ~~3.86118373~~Pool 1Balance 100,~~000~~483,847.~~00000000~~53 M6Group ~~4.964380~~I %Ending B1Pool ~~73316PDG2~~Balance 199,~~000~~409,232.~~00000000~~65 ~~0.00000000~~Group ~~4.71673953~~II ~~4.71673953~~Beginning 1Pool Balance 141,~~000~~177,005.~~00000000~~09 B1Group ~~6.064380~~II %Ending B2Pool ~~73316PDH0~~Balance 1137,~~000~~930,538.~~00000000~~83 ~~0.00000000~~Total ~~4.71674096~~Beginning ~~4.71674096~~Pool 1Balance 241,~~000~~660,852.~~00000000~~62 B2Total ~~6.064380~~Ending %Pool B3Balance ~~73316PDJ6 1~~237,~~000~~339,771.~~00000000~~48 0Sec.~~00000000~~ 4.~~71674146~~03(a)(vi) ~~4.71674146~~Servicing ~~1,000.00000000~~Fee B3Group 6I Servicing Fee 41,868.~~064380~~27 %Group ~~------------------------------------------------------------------------------------------------------------------------------------~~II ~~TOTALS~~Servicing ~~994.94769654~~Fee 1458,823.~~70484426~~75 3Sec.~~15026828~~ 174.~~85511255~~03(a)(viii) ~~980.24285228~~Delinquency ~~------------------------------------------------------------------------------------------------------------------------------------~~Advances ~~------------------------------------------------------------------------------------------------------------------------------------~~Group XI ~~N/A~~Delinquency ~~996.35440275~~Advances ~~0.00000000~~Included ~~0.00008590~~in ~~0.00008590~~Current ~~983.81925324~~Distribution X 0.~~000000~~00 %Group ~~------------------------------------------------------------------------------------------------------------------------------------~~I ~~------------------------------------------------------------------------------------------------------------------------------------~~Recouped IFAdvances ~~THERE~~Included ~~ARE~~in ~~ANY~~Current ~~QUESTIONS~~Distribution OR0.00 ~~PROBLEMS~~Group ~~WITH~~I ~~THIS~~Recouped ~~STATEMENT,~~Advances ~~PLEASE~~From ~~CONTACT~~Liquidations ~~THE~~0.00 ~~ADMINISTRATOR~~Group ~~LISTED~~I ~~BELOW:~~Aggregate ~~RYAN~~Amount ~~VAUGHN~~of ~~JPMorgan~~Advances ~~Chase~~Outstanding ~~Bank, N~~0.A.00 -Group ~~Structured~~II ~~Finance~~Delinquency ~~Services~~Advances NYIncluded 4in ~~NEW~~Current ~~YORK~~Distribution ~~PLAZA FLR 6~~45,410.69 ~~New~~Group ~~York,~~II ~~New~~Recouped ~~York~~Advances ~~10004~~Included ~~Tel:~~in ~~(212)~~Current ~~623-4484~~Distribution ~~/ Fax: (212) 623-5930 Email: Ryan~~0.~~M.Vaughn@JPMorgan.com~~00 ~~------------------------------------------------------------------------------------------------------------------------------------~~Group ~~[GRAPHIC~~II ~~OMITTED]~~Recouped ~~COPYRIGHT~~Advances ~~2005~~From ~~J.P.~~Liquidations ~~MORGAN CHASE & CO~~0. ~~ALL RIGHTS RESERVED. ------------------------------------------------------------------------------------------------------------------------------------~~00

-------------------------------------------------------------------------------- JPMorgan [Graphic Omitted] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 5 of 7 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A AUGUST 25, 2005 -------------------------------------------------------------------------------- Group II Aggregate Amount of Advances Outstanding 45,410.69 Section 4.03(a)(ix)A Group I, Group II Loans Delinquent -------------------------------------------------------------------------------- Delinquency by Group -------------------------------------------------------------------------------- Group 1 -------------------------------------------------------------------------------- Period Number Principal Balance Percentage -------------------------------------------------------------------------------- 0-30 days 32 3,894,883.00 3.92% -------------------------------------------------------------------------------- 31-60 days 2 135,887.37 0.14% -------------------------------------------------------------------------------- 61-90 days 2 210,291.16 0.21% -------------------------------------------------------------------------------- 91+days 0 0.00 0.00% -------------------------------------------------------------------------------- Total 36 4,241,061.53 4.27% -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Delinquency by Group -------------------------------------------------------------------------------- Group 2 -------------------------------------------------------------------------------- Period Number Principal Balance Percentage -------------------------------------------------------------------------------- 0-30 days 38 7,140,379.00 5.18% -------------------------------------------------------------------------------- 31-60 days 4 385,586.26 0.28% -------------------------------------------------------------------------------- 61-90 days 2 416,160.00 0.30% -------------------------------------------------------------------------------- 91+days 0 0.00 0.00% -------------------------------------------------------------------------------- Total 44 7,942,125.26 5.76% -------------------------------------------------------------------------------- Sec. 4.03 (a)(ix) B Group I, Group II Loans in Foreclosure -------------------------------------------------------------------------------- Foreclosure by Group -------------------------------------------------------------------------------- Group Number of Principal Balance Percentage Number Loans -------------------------------------------------------------------------------- 1 0 0.00 0.00% -------------------------------------------------------------------------------- 2 0 137,239.98 0.10% -------------------------------------------------------------------------------- Sec. 4.03(a)(x),(xi) Group I, Group II Loans in REO -------------------------------------------------------------------------------- REO by Group -------------------------------------------------------------------------------- Group Number of Principal Balance Percentage Number Loans -------------------------------------------------------------------------------- 1 0 0.00 0.00% -------------------------------------------------------------------------------- 2 0 0.00 0.00% -------------------------------------------------------------------------------- Market Value of Group I REO Loans 0.00 -------------------------------------------------------------------------------- JPMorgan [Graphic Omitted] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 6 of 7 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A AUGUST 25, 2005 --------------------------------------------------------------------------------

~~------------------------------------------------------------------------------------------------------------------------------------~~Market ~~Page~~Value 2 of 7Group ~~POPULAR~~II ~~ABS~~REO ~~MORTGAGE~~Loans ~~PASS-THROUGH~~0.00 ~~TRUST 2005-A JULY 25, 2005 ------------------------------------------------------------------------------------------------------------------------------------~~ Sec. 4.03(a)(ixii) ~~Funds~~Aggregate ~~Allocable~~Stated toPrincipal ~~Certificate~~Balance ~~Principal~~of the Three Largest Loans Group I ~~Scheduled~~Three ~~Principal~~Largest ~~105~~Loans 2,~~106~~036,274.8345 Group III ~~Curtailments~~Three 7Largest Loans 2,~~864~~238,124.5034 ~~Group~~Sec. I4.03(a)(xiii) ~~Prepayments~~Net ~~963,535.04~~WAC ~~Group~~Cap ICarryover ~~Repurchases~~Class AF-1 Net WAC Cap Carryover Amounts Due 0.00 ~~Group~~Class IAF-1 ~~Liquidation~~Net ~~Proceeds~~WAC Cap Carryover Amounts Paid 0.00 ~~Group~~Class IIAF-1 ~~Scheduled~~Net ~~Principal~~WAC ~~123,734.38~~Cap ~~Group~~Carryover IIRemaining ~~Curtailments~~Amounts ~~6,225~~Due 0.4900 ~~Group~~Class IIAV ~~Prepayments~~Net ~~1,872,610.44~~WAC ~~Group~~Cap IICarryover ~~Repurchases~~Amounts Due 0.00 ~~Group~~Class IIAV ~~Liquidation~~Net ~~Proceeds~~WAC Cap Carryover Amounts Paid 0.00 ~~Extra~~Class ~~Principal~~AV ~~Distribution~~Net ~~Amount~~WAC ~~532,947.74~~Cap ~~Sec.~~Carryover 4Remaining Amounts Due 0.0300 ~~(a)(ii)~~Class ~~Interest~~B-1 ~~Distribution~~Net WAC Cap Carryover Amounts ~~Interest~~Due ~~Distribution~~1,717.57 -Class AFB-1 ~~111,469.07~~Net ~~Unpaid~~WAC ~~Interest~~Cap -Carryover ~~AF-1~~Amounts Paid 0.00 ~~Remaining~~Class ~~Unpaid~~B-1 ~~Interest~~Net -WAC ~~AF-1~~Cap ~~0.00~~Carryover ~~Interest~~Remaining ~~Distribution~~Amounts -Due AF1,717.57 Class B-2 98Net WAC Cap Carryover Amounts Due 1,~~755~~326.6512 ~~Unpaid~~Class ~~Interest~~ B- ~~AF-~~2 ~~0.00~~Net ~~Remaining~~WAC ~~Unpaid~~Cap ~~Interest~~Carryover -Amounts ~~AF-2~~Paid 0.00 ~~Interest~~Class ~~Distribution~~ B-2 ~~AF-3~~Net 32WAC Cap Carryover Remaining Amounts Due 1,~~046~~326.5512 ~~Unpaid~~Class ~~Interest~~ B- ~~AF-~~3 ~~0.00~~Net ~~Remaining~~WAC ~~Unpaid~~Cap ~~Interest~~Carryover -Amounts AFDue 1,228.26 Class B-3 Net WAC Cap Carryover Amounts Paid 0.00 ~~Interest~~Class ~~Distribution~~ B-3 ~~AF-4~~Net 65WAC Cap Carryover Remaining Amounts Due 1,~~944~~228.4526 ~~Unpaid~~Sec. ~~Interest~~4.03(a)(xiv) -Aggregate ~~AF-4~~Principal Balance of Balloon Loans with Original Terms <= 36 Months and 60+ Contractually Past Due Group I Aggregate Principal Balance of Balloon Loans 0.00 ~~Remaining~~Group ~~Unpaid~~II ~~Interest~~Aggregate -Principal ~~AF-4~~Balance of Balloon Loans 0.00 ~~Interest~~Sec. ~~Distribution~~4.03 -(a)(xv),(xxii) ~~AF-5~~Realized ~~40,953.00~~Losses ~~Unpaid~~Group ~~Interest~~I -Current ~~AF-5~~Period Realized Losses 0.00 ~~Remaining~~Group ~~Unpaid~~I ~~Interest~~Cumulative -Realized ~~AF-5~~Losses 0.00 ~~Interest~~Group ~~Distribution~~II -Current AVPeriod ~~218,369~~Realized Losses 0.1100 ~~Unpaid~~Group ~~Interest~~II -Cumulative AVRealized Losses 0.00 ~~Remaining~~Group ~~Unpaid~~II ~~Interest~~Cumulative -Realized AVLosses 0.00 ~~Interest~~Sec. ~~Distribution~~4.03 -(a)(xvi) ~~M-1~~Reserve ~~67,244~~Fund Beginning Balance of Reserve Fund 0.9000 ~~Unpaid~~Funds ~~Interest~~Withdrawn -From ~~M-1~~Reserve Fund For Distribution 0.00 ~~Remaining~~Funds ~~Unpaid~~Deposited ~~Interest~~to -Reserve ~~M-1~~Fund 0.00 ~~------------------------------------------------------------------------------------------------------------------------------------~~Ending ~~[GRAPHIC~~Balance ~~OMITTED]~~of ~~COPYRIGHT~~Reserve ~~2005~~Fund J0.P00 Sec. ~~MORGAN~~4.03 ~~CHASE~~(a)(xvii) &Number ~~CO.~~of ~~ALL~~Loans ~~RIGHTS~~Repurchased ~~RESERVED.~~Group ~~------------------------------------------------------------------------------------------------------------------------------------~~I Number of Loans Repurchased 0.00

~~------------------------------------------------------------------------------------------------------------------------------------~~Group ~~Page~~II 3Number of 7Loans ~~POPULAR~~Repurchased ~~ABS~~0.00 ~~MORTGAGE~~Sec. ~~PASS-THROUGH~~4.03 ~~TRUST~~(a)(xviii) ~~2005-A~~Weighted ~~JULY~~Average ~~25,~~Mortgage ~~2005~~Rate ~~------------------------------------------------------------------------------------------------------------------------------------~~of ~~Interest~~Outstanding ~~Distribution~~Loans -(as ~~M-2~~of ~~42,949.92~~first ~~Unpaid~~day ~~Interest~~of -related ~~M-2~~Due ~~0.00~~Period) ~~Remaining~~Group ~~Unpaid~~I ~~Interest~~Weighted -Average ~~M-2~~Mortgage ~~0.00~~Rate ~~Interest Distribution - M-3 8,782~~6.94% ~~Unpaid~~Group ~~Interest~~II -Weighted ~~M-3~~Average ~~0.00~~Mortgage ~~Remaining~~Rate ~~Unpaid~~6.92% ~~Interest - M-3 0~~Sec.00 ~~Interest Distribution - M-~~4 ~~15,764~~.2203 ~~Unpaid~~(a)(xix) ~~Interest~~Weighted -Average ~~M-4 0.00~~ Remaining ~~Unpaid~~Term ~~Interest~~of -Outstanding ~~M-4~~Loans ~~0.00~~Group ~~Interest~~I ~~Distribution~~Weighted -Average ~~M-5~~Remaining ~~8,271.67~~Term ~~Unpaid~~339 ~~Interest~~Group -II ~~M-5~~Weighted ~~0.00~~Average Remaining ~~Unpaid~~Term ~~Interest~~356 -Sec. ~~M-5 0~~4.0003 ~~Interest Distribution - M-6 12~~(a)(xxi),~~819.13~~(xxii),(xxiii) ~~Unpaid~~Overcollateralization ~~Interest~~Amounts -Overcollateralization ~~M-6~~Amount 01,326,484.0027 ~~Remaining~~Overcollateralization ~~Unpaid~~Target ~~Interest~~Amount ~~- M-6 0.00 Interest Distribution - B-1 20~~5,281,161.9847 ~~Unpaid~~Overcollateralization ~~Interest~~Release -Amount ~~B-1~~ 0.00 ~~Remaining~~Overcollateralization ~~Unpaid~~Deficiency ~~Interest~~Amount ~~- B-1 0.00 Interest Distribution - B-2 15~~3,~~659~~954,677.5820 ~~Unpaid Interest - B-2 0~~Sec.00 ~~Remaining Unpaid Interest - B-2 0~~4.0003 ~~Interest~~(a)(xxiv) ~~Distribution~~Trigger -Events ~~B-3~~Has ~~14,503.98~~a ~~Unpaid~~Trigger ~~Interest~~Event -Occurred ~~B-3~~and ~~0.00~~is ~~Remaining~~continuing? ~~Unpaid~~NO ~~Interest~~Cumulative -Realized ~~B-3~~Losses ~~0.00~~as ~~Interest~~a ~~Reductions~~percentage ~~Net~~of ~~Prepayment~~the ~~Interest~~Original ~~Shortfalls~~Pool ~~0.00~~Balance ~~Relief Act Reductions~~ 0.00% ~~Class~~Senior ~~AF-1~~Enhancement ~~Interest~~Percentage ~~Reduction 0~~25.0099% ~~Class~~Senior ~~AF-2~~Specified ~~Interest~~Enhancement ~~Reduction~~Percentage 053.0080% ~~Class AF-3 Interest Reduction 0~~Sec.00 ~~Class AF-5 Interest Reduction 0~~4.0003 ~~Class~~(a)(xxv) ~~AF-4~~60+ ~~Interest~~Day ~~Reduction~~Delinquent ~~0.00~~Loans ~~Class~~60+ AVDay ~~Interest~~Delinquent ~~Reduction~~Loans ~~0.00~~as ~~Class~~a ~~M-1~~percentage ~~Interest~~of ~~Reduction~~the ~~0.00~~current ~~Class~~Pool ~~M-2~~Balance ~~Interest Reduction~~ 0.0032% ~~Class M-3 Interest Reduction 0~~Sec.00 ~~Class M-~~4 ~~Interest Reduction 0~~.0003 ~~Class~~(a)(xxvi) ~~M-5~~Amount ~~Interest~~of ~~Reduction~~Funds ~~0.00~~Collected ~~------------------------------------------------------------------------------------------------------------------------------------~~by ~~[GRAPHIC~~Trustee ~~OMITTED]~~under ~~COPYRIGHT~~Yield ~~2005~~Maintenance ~~J.P.~~Agreement ~~MORGAN CHASE & CO~~0. ~~ALL RIGHTS RESERVED. ------------------------------------------------------------------------------------------------------------------------------------~~00

------------------------------------------------------------------------------------------------------------------------------------ Page 4 of 7 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A JULY 25, 2005 ------------------------------------------------------------------------------------------------------------------------------------ Class M-6 Interest Reduction 0.00 Class B-1 Interest Reduction 0.00 Class B-2 Interest Reduction 0.00 Class B-3 Interest Reduction 0.00 Sec. 4.03(a)(iii) Available Funds Shortfall Class AF-1 Available Funds Shortfall 0.00 Class AF-2 Available Funds Shortfall 0.00 Class AF-3 Available Funds Shortfall 0.00 Class AF-4 Available Funds Shortfall 0.00 Class AF-5 Available Funds Shortfall 0.00 Class AV Available Funds Shortfall 0.00 Class M-1 Available Funds Shortfall 0.00 Class M-2 Available Funds Shortfall 0.00 Class M-3 Available Funds Shortfall 0.00 Class M-4 Available Funds Shortfall 0.00 Class M-5 Available Funds Shortfall 0.00 Class M-6 Available Funds Shortfall 0.00 Class B-1 Available Funds Shortfall 0.00 Class B-2 Available Funds Shortfall 0.00 Class B-3 Available Funds Shortfall 0.00 Sec. 4.03(a)(v) Pool Principal Balances Group I Beginning Pool Balance 101,560,353.90 Group I Ending Pool Balance 100,483,847.53 Group II Beginning Pool Balance 143,179,575.40 Group II Ending Pool Balance 141,177,005.09 Total Beginning Pool Balance 244,739,929.30 Total Ending Pool Balance 241,660,852.62 Sec. 4.03(a)(vi) Servicing Fee Group I Servicing Fee 42,316.81 Group II Servicing Fee 59,658.16 Sec. 4.03(a)(viii) Delinquency Advances Group I Delinquency Advances Included in Current Distribution 0.00 Group I Recouped Advances Included in Current Distribution 0.00 Group I Recouped Advances From Liquidations 0.00 Group I Aggregate Amount of Advances Outstanding 0.00 Group II Delinquency Advances Included in Current Distribution 0.00 Group II Recouped Advances Included in Current Distribution 0.00 Group II Recouped Advances From Liquidations 0.00 ------------------------------------------------------------------------------------------------------------------------------------ [GRAPHIC OMITTED] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. ------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------ Page 5 of 7 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A JULY 25, 2005 ------------------------------------------------------------------------------------------------------------------------------------ Group II Aggregate Amount of Advances Outstanding 0.00 Section 4.03(a)(ix) A Group I,Group II Loans Delinquent

--------------------------------------------------------------------------------- Delinquency by Group --------------------------------------------------------------------------------- Group 1 --------------------------------------------------------------------------------- Period Number Principal Balance Percentage --------------------------------------------------------------------------------- 0-30 days 18 2,300,944.36 2.29% 31-60 days 4 376,379.79 0.37% 61-90 days 0 0.00 0.00% 91+days 0 0.00 0.00% --------------------------------------------------------------------------------- Total 22 2,677,324.15 2.66% ---------------------------------------------------------------------------------

--------------------------------------------------------------------------------- Delinquency by Group --------------------------------------------------------------------------------- Group 2 --------------------------------------------------------------------------------- Period Number Principal Balance Percentage --------------------------------------------------------------------------------- 0-30 days 30 4,360,430.40 3.09% 31-60 days 5 863,823.12 0.61% 61-90 days 1 137,500.00 0.10% 91+days 0 0.00 0.00% --------------------------------------------------------------------------------- Total 36 5,361,753.52 3.80% ---------------------------------------------------------------------------------

Sec. 4.03 (a)(ix) B Group I,Group II Loans in Foreclosure

--------------------------------------------------------------------------------- Foreclosure by Group --------------------------------------------------------------------------------- Group Number of Principal Balance Percentage Number Loans --------------------------------------------------------------------------------- 1 0 0.00 0.00% 2 1 107,000.00 0.08% ---------------------------------------------------------------------------------

Sec. 4.03(a)(x),(xi) Group I,Group II Loans in REO

REO by Group --------------------------------------------------------------------------------- Group Number of Principal Balance Percentage Number Loans --------------------------------------------------------------------------------- 1 0 0.00 0.00% 2 0 0.00 0.00% ---------------------------------------------------------------------------------

Market Value of Group I REO Loans 0.00 ------------------------------------------------------------------------------------------------------------------------------------ [GRAPHIC OMITTED] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. ------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------ Page 6 of 7 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A JULY 25, 2005 ------------------------------------------------------------------------------------------------------------------------------------ Market Value of Group II REO Loans 0.00 Sec. 4.03(a)(xii) Aggregate Stated Principal Balance of the Three Largest Loans Group I Three Largest Loans 2,038,590.79 Group II Three Largest Loans 2,240,149.06 Sec. 4.03(a)(xiii) Net WAC Cap Carryover Class AF-1 Net WAC Cap Carryover Amounts Due 0.00 Class AF-1 Net WAC Cap Carryover Amounts Paid 0.00 Class AF-1 Net WAC Cap Carryover Remaining Amounts Due 0.00 Class AV Net WAC Cap Carryover Amounts Due 0.00 Class AV Net WAC Cap Carryover Amounts Paid 0.00 Class AV Net WAC Cap Carryover Remaining Amounts Due 0.00 Class B-1 Net WAC Cap Carryover Amounts Due 1,661.86 Class B-1 Net WAC Cap Carryover Amounts Paid 0.00 Class B-1 Net WAC Cap Carryover Remaining Amounts Due 1,661.86 Class B-2 Net WAC Cap Carryover Amounts Due 1,283.11 Class B-2 Net WAC Cap Carryover Amounts Paid 0.00 Class B-2 Net WAC Cap Carryover Remaining Amounts Due 1,283.11 Class B-3 Net WAC Cap Carryover Amounts Due 1,188.42 Class B-3 Net WAC Cap Carryover Amounts Paid 0.00 Class B-3 Net WAC Cap Carryover Remaining Amounts Due 1,188.42 Sec. 4.03(a)(xiv) Aggregate Principal Balance of Balloon Loans with Original Terms <= 36 Months and 60+ Contractually Past Due Group I Aggregate Principal Balance of Balloon Loans 0.00 Group II Aggregate Principal Balance of Balloon Loans 0.00 Sec. 4.03 (a)(xv),(xxii) Realized Losses Group I Current Period Realized Losses 0.00 Group I Cumulative Realized Losses 0.00 Group II Current Period Realized Losses 0.00 Group II Cumulative Realized Losses 0.00 Group II Cumulative Realized Losses 0.00 Sec. 4.03 (a)(xvi) Reserve Fund Beginning Balance of Reserve Fund 0.00 Funds Withdrawn From Reserve Fund For Distribution 0.00 Funds Deposited to Reserve Fund 0.00 Ending Balance of Reserve Fund 0.00 Sec. 4.03 (a)(xvii) Number of Loans Repurchased Group I Number of Loans Repurchased 0.00 ------------------------------------------------------------------------------------------------------------------------------------ [GRAPHIC OMITTED] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. ------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------ Page 7 of 7 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-A JULY 25, 2005 ------------------------------------------------------------------------------------------------------------------------------------ Group II Number of Loans Repurchased 0.00 Sec. 4.03 (a)(xviii) Weighted Average Mortgage Rate of Outstanding Loans (as of first day of related Due Group I Weighted Average Mortgage Rate 6.94% Group II Weighted Average Mortgage Rate 6.92% Sec. 4.03 (a)(xix) Weighted Average Remaining Term of Outstanding Loans Group I Weighted Average Remaining Term 340 Group II Weighted Average Remaining Term 357 Sec. 4.03 Overcollateralization Amounts Overcollateralization Amount 878,899.60 Overcollateralization Target Amount 5,281,161.47 Overcollateralization Release Amount 0.00 Overcollateralization Deficiency Amount 4,402,261.87 Sec. 4.03 (a)(xxiv) Trigger Events Has a Trigger Event Occurred and is continuing? NO Cumulative Realized Losses as a percentage of the Original Pool Balance 0.00% Senior Enhancement Percentage 25.30% Senior Specified Enhancement Percentage 53.80% Sec. 4.03 (a)(xxv) 60+ Day Delinquent Loans 60+ Day Delinquent Loans as a percentage of the current Pool Balance 0.10% Sec. 4.03 (a)(xxvi) Amount of Funds Collected by Trustee under Yield Maintenance Agreement 0.00 ------------------------------------------------------------------------------------------------------------------------------------ [GRAPHIC OMITTED] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. ------------------------------------------------------------------------------------------------------------------------------------

Filing Compare · Popular ABS Mortgage Pass-Through Trust 2005-A