8-K 1 eight-k.txt 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 June 1, 2005, providing for the issuance of Mortgage Pass-Through Certificates, Series 2005-3) (Exact Name of Registrant as specified in its charter)

~~DISTRIBUTION~~Delaware ~~IN DOLLARS~~ 333-115371-~~----------------------------------------------------------------------------------------------------------------------------------~~06 ~~CLASS ORIGINAL BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING FACE VALUE PRINCIPAL LOSSES INTEREST PRINCIPAL BALANCE BALANCE~~ 52-~~-----------------------------------------------------------------------------------------------------------------------------------~~2029487 AF1 157,240,000.00 157,240,000.00 3,279,868.43 500,459.98 3,780,328.41 0.00 0.00 153,960,131.57 AF2 24,290,000.00 24,290,000.00 0.00 87,686.90 87,686.90 0.00 0.00 24,290,000.00 AF3 51,560,000.00 51,560,000.00 0.00 190,643.10 190,643.10 0.00 0.00 51,560,000.00 AF4 26,090,000.00 26,090,000.00 0.00 103,838.20 103,838.20 0.00 0.00 26,090,000.00 AF5 7,360,000.00 7,360,000.00 0.00 31,635.73 31,635.73 0.00 0.00 7,360,000.00 AF6 29,620,000.00 29,620,000.00 0.00 117,467.98 117,467.98 0.00 0.00 29,620,000.00 AV1A 97,540,000.00 97,540,000.00 2,440,157.88 320,581.47 2,760,739.35 0.00 0.00 95,099,842.12 AV1B 24,390,000.00 24,390,000.00 610,164.55 81,313.55 691,478.10 0.00 0.00 23,779,835.45 AV2 100,000,000.00 100,000,000.00 2,181,667.10 335,277.78 2,516,944.88 0.00 0.00 97,818,332.90 M1 45,620,000.00 45,620,000.00 0.00 194,075.08 194,075.08 0.00 0.00 45,620,000.00 M2 35,520,000.00 35,520,000.00 0.00 155,400.00 155,400.00 0.00 0.00 35,520,000.00 M3 10,430,000.00 10,430,000.00 0.00 45,631.25 45,631.25 0.00 0.00 10,430,000.00 M4 9,120,000.00 9,120,000.00 0.00 39,900.00 39,900.00 0.00 0.00 9,120,000.00 M5 7,820,000.00 7,820,000.00 0.00 34,212.50 34,212.50 0.00 0.00 7,820,000.00 M6 7,170,000.00 7,170,000.00 0.00 31,368.75 31,368.75 0.00 0.00 7,170,000.00 B1 4,890,000.00 4,890,000.00 0.00 26,647.78 26,647.78 0.00 0.00 4,890,000.00 B2 6,520,000.00 6,520,000.00 0.00 35,530.38 35,530.38 0.00 0.00 6,520,000.00 B3 6,503,000.00 6,503,000.00 0.00 35,437.74 35,437.74 0.00 0.00 6,503,000.00 ------------------------~~------------------------------------------------------------------------------------------------------------~~ ~~TOTALS 651,683,000.00 651,683,000.00 8,511,857.96 2,367,108.17 10,878,966.13 0.00 0.00 643,171,142.04~~ ---------------------~~---------------------------------------------------------------------------------------------------------------~~ -----------------------~~-------------------------------------------------------------------------------------------------------------~~ X(State ~~651,683,229.00~~of ~~651,683,229.00~~Incorporation) ~~0.00~~(Commission ~~6.85~~File 6No.85) ~~0.00~~(IRS ~~0.00~~Employer ~~644,184,184~~I.88D. ~~------------------------------------------------------------------------------------------------------------------------------------~~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, AF-6, AV-1A, AV-1B, AV-2, M-1, M-2, M-3, M-4, M-5 and M-6 Certificateholders with respect to the August 25, 2005 Distribution Date. 2 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 3 Page 1 of 9 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-3 STATEMENT TO CERTIFICATEHOLDERS AUGUST 25, 2005

~~FACTOR~~DISTRIBUTION ~~INFORMATION~~IN ~~PER~~DOLLARS ~~$1000 OF ORIGINAL FACE PASS~~-~~THROUGH RATES~~ --------------------------------------------------------------------------------------------------------- -------------------------- CLASS ~~CUSIP~~ORIGINAL BEGINNING PRINCIPAL INTEREST TOTAL ~~ENDING~~REALIZED ~~CLASS~~DEFERRED ~~CURRENT~~ENDING ~~PASS-~~FACE VALUE PRINCIPAL LOSSES INTEREST PRINCIPAL ~~THRU~~BALANCE ~~RATE~~BALANCE --------------------------------------------------------------------------------------------------------- --------------------------- AF1 ~~73316PDK3 1~~157,240,000.~~00000000~~00 20153,960,131.~~85899536~~57 35,433,385.~~18277779~~91 24471,973.~~04177315~~34 ~~979~~5,905,359.~~14100464~~25 ~~AF1~~0.00 30.~~370000~~00 %148,526,745.66 AF2 ~~73316PDL1~~24,290,000.00 124,290,000.~~00000000~~00 0.~~00000000~~00 387,686.~~61000000~~90 387,686.~~61000000~~90 ~~1,000~~0.~~00000000~~00 ~~AF2~~0.00 424,290,000.~~332000~~00 % AF3 ~~73316PDM9~~51,560,000.00 151,560,000.~~00000000~~00 0.~~00000000~~00 3190,643.~~69750000~~10 3190,643.~~69750000~~10 ~~1,000~~0.~~00000000~~00 ~~AF3~~0.00 451,560,000.~~437000~~00 % AF4 ~~73316PDN7~~26,090,000.00 126,090,000.~~00000000~~00 0.~~00000000~~00 3103,838.~~98000000~~20 3103,838.~~98000000~~20 ~~1,000~~0.~~00000000~~00 ~~AF4~~0.00 426,090,000.~~776000~~00 % AF5 ~~73316PDP2~~7,360,000.00 17,360,000.~~00000000~~00 0.~~00000000~~00 431,635.~~29833288~~73 431,635.~~29833288~~73 ~~1,000~~0.~~00000000~~00 ~~AF5~~0.00 57,360,000.~~158000~~00 % AF6 ~~73316PDQ0~~29,620,000.00 129,620,000.~~00000000~~00 0.~~00000000~~00 3117,467.~~96583322~~98 3117,467.~~96583322~~98 ~~1,000~~0.~~00000000~~00 ~~AF6~~0.00 429,620,000.~~759000~~00 % AV1A ~~73316PDY3 1~~97,540,000.~~00000000~~00 2595,099,842.~~01699692~~12 31,674,376.~~28666670~~84 28300,541.~~30366363~~92 1,974,918.~~98300308~~76 ~~AV1A~~0.00 30.~~480000~~00 %93,425,465.28 AV1B ~~73316PDZ0 1~~24,390,000.~~00000000~~00 2523,779,835.~~01699672~~45 3418,680.~~33388889~~04 2876,174.~~35088561~~74 ~~974~~494,854.~~98300328~~78 ~~AV1B~~0.00 30.~~530000~~00 %23,361,155.41 AV2 ~~73316PDR8 1~~100,000,000.~~00000000~~00 2197,818,332.~~81667100~~90 31,516,029.~~35277780~~84 25315,029.~~16944880~~38 ~~978~~1,831,059.~~18332900~~22 ~~AV2~~0.00 30.~~550000~~00 %96,302,303.06 M1 ~~73316PDS6~~45,620,000.00 145,620,000.~~00000000~~00 0.~~00000000~~00 4194,075.~~25416659~~08 4194,075.~~25416659~~08 ~~1,000~~0.~~00000000~~00 M10.00 545,620,000.~~105000~~00 % M2 ~~73316PDT4~~35,520,000.00 135,520,000.~~00000000~~00 0.~~00000000~~00 4155,400.~~37500000~~00 4155,400.~~37500000~~00 ~~1,000~~0.~~00000000~~00 M20.00 535,520,000.~~250000~~00 % M3 ~~73316PDU1~~10,430,000.00 110,430,000.~~00000000~~00 0.~~00000000~~00 445,631.~~37500000~~25 445,631.~~37500000~~25 ~~1,000~~0.~~00000000~~00 M30.00 510,430,000.~~250000~~00 % M4 ~~73316PDV9~~9,120,000.00 19,120,000.~~00000000~~00 0.~~00000000~~00 439,900.~~37500000~~00 439,900.~~37500000~~00 ~~1,000~~0.~~00000000~~00 M40.00 59,120,000.~~250000~~00 % M5 ~~73316PDW7~~7,820,000.00 17,820,000.~~00000000~~00 0.~~00000000~~00 434,212.~~37500000~~50 434,212.~~37500000~~50 ~~1,000~~0.~~00000000~~00 M50.00 57,820,000.~~250000~~00 % M6 ~~73316PDX5~~7,170,000.00 17,170,000.~~00000000~~00 0.~~00000000~~00 431,368.~~37500000~~75 431,368.~~37500000~~75 ~~1,000~~0.~~00000000~~00 M60.00 57,170,000.~~250000~~00 % B1 ~~73316PEA4~~4,890,000.00 14,890,000.~~00000000~~00 0.~~00000000~~00 525,096.~~44944376~~57 525,096.~~44944376~~57 ~~1,000~~0.~~00000000~~00 B10.00 54,890,000.~~483663~~00 % B2 ~~73316PEB2~~6,520,000.00 16,520,000.~~00000000~~00 0.~~00000000~~00 533,462.~~44944479~~09 533,462.~~44944479~~09 ~~1,000~~0.~~00000000~~00 B20.00 56,520,000.~~483663~~00 % B3 ~~73316PEC0~~6,503,000.00 16,503,000.~~00000000~~00 0.~~00000000~~00 533,374.~~44944487~~84 533,374.~~44944487~~84 ~~1,000~~0.~~00000000~~00 B30.00 56,503,000.~~483663~~00 % --------------------------------------------------------------------------------------------------------- --------------------------- TOTALS 1651,683,000.~~00000000~~00 13643,171,142.~~06134725~~04 39,042,472.~~63230001~~63 162,287,512.~~69364726~~37 ~~986~~11,329,985.~~93865275~~00 0.00 0.00 634,128,669.41 ==================================================================================================================================== --------------------------------------------------------------------------------------------------------- --------------------------- X ~~N/A~~651,683,229.00 1644,~~000~~184,184.~~00000000~~88 0.~~00000000~~00 021.~~00001051~~91 021.~~00001051~~91 ~~988~~0.~~49280788~~00 X 0.~~000000~~00 %636,192,300.18 --------------------------------------------------------------------------------------------------------- ---------------------------

~~Sec.~~FACTOR ~~4.03(a)(i)~~INFORMATION ~~Funds~~PER ~~Allocable~~$1000 toOF ~~Certificate~~ORIGINAL ~~Principal~~FACE ~~Group~~PASS-THROUGH IRATES ~~Scheduled~~------------------------------------------------------------------------------------------------------------ ~~Principal~~---------------------- ~~431,406.95~~CLASS ~~Group~~CUSIP IBEGINNING ~~Curtailments~~PRINCIPAL ~~26,336.74~~INTEREST ~~Group~~TOTAL IENDING ~~Prepayments~~CLASS ~~2,431,858~~CURRENT PASS- PRINCIPAL PRINCIPAL THRU RATE ------------------------------------------------------------------------------------------------------------ ---------------------- AF1 73316PDK3 979.0514100464 ~~Group~~34.55473105 I3.00161117 ~~Repurchases~~37.55634222 0944.0058627359 ~~Group~~AF1 I3.560000 ~~Liquidation~~% ~~Proceeds~~AF2 73316PDL1 1,000.00000000 0.0000000000 ~~Group~~3.61000000 ~~II-A~~3.61000000 ~~Scheduled~~1,000.00000000 ~~Principal~~AF2 ~~108,897~~4.57332000 ~~Group~~% ~~II-A~~AF3 ~~Curtailments~~73316PDM9 81,~~753~~000.8400000000 ~~Group~~0.00000000 ~~II-A~~3.69750000 ~~Prepayments~~3.69750000 21,~~569,717~~000.6700000000 ~~Group~~AF3 ~~II-A~~4.437000 ~~Repurchases~~% AF4 73316PDN7 1,000.00000000 0.0000000000 ~~Group~~3.98000000 ~~II-A~~3.98000000 ~~Liquidation~~1,000.00000000 ~~Proceeds~~AF4 04.00776000 ~~Group~~% ~~II-B~~AF5 ~~Scheduled~~73316PDP2 ~~Principal~~1,000.00000000 910.00000000 4.29833288 4.29833288 1,~~959~~000.4100000000 ~~Group~~AF5 ~~II-B~~5.158000 ~~Curtailments~~% 4AF6 73316PDQ0 1,~~804~~000.1400000000 ~~Group~~0.00000000 ~~II-B~~3.96583322 ~~Prepayments~~3.96583322 1,~~825,310~~000.2100000000 ~~Group~~AF6 ~~II-B~~4.759000 ~~Repurchases~~% 0AV1A 73316PDY3 974.0098300308 ~~Group~~17.16605331 ~~II-B~~3.08121714 ~~Liquidation~~20.24727045 ~~Proceeds~~957.81694976 0AV1A 3.00670000 ~~Extra~~% ~~Principal~~AV1B ~~Distribution~~73316PDZ0 ~~Amount~~974.98300328 ~~1,012,813~~17.3816605330 ~~Sec~~3.12319557 420.0328924887 ~~(a)(ii)~~957.81694998 ~~Interest~~AV1B ~~Distribution~~3.720000 ~~Amounts~~% ~~Interest~~AV2 ~~Distribution~~73316PDR8 -978.18332900 ~~AF-1~~15.16029840 ~~500,459~~3.9815029380 ~~Unpaid~~18.31059220 ~~Interest~~963.02303060 -AV2 ~~AF-~~3.740000 % M1 73316PDS6 1,000.00000000 0.0000000000 ~~Remaining~~4.25416659 ~~Unpaid~~4.25416659 ~~Interest~~1,000.00000000 -M1 ~~AF-~~5.105000 % M2 73316PDT4 1,000.00000000 0.0000000000 ~~Interest~~4.37500000 ~~Distribution~~4.37500000 -1,000.00000000 ~~AF-2~~M2 ~~87,686~~5.90250000 ~~Unpaid~~% ~~Interest~~M3 -73316PDU1 ~~AF-2~~1,000.00000000 0.0000000000 ~~Remaining~~4.37500000 ~~Unpaid~~4.37500000 ~~Interest~~1,000.00000000 -M3 ~~AF-2~~5.250000 % M4 73316PDV9 1,000.00000000 0.0000000000 ~~Interest~~4.37500000 ~~Distribution~~4.37500000 -1,000.00000000 ~~AF-3~~M4 ~~190,643~~5.10250000 ~~Unpaid~~% ~~Interest~~M5 -73316PDW7 ~~AF-3~~1,000.00000000 0.0000000000 ~~Remaining~~4.37500000 ~~Unpaid~~4.37500000 ~~Interest~~1,000.00000000 -M5 ~~AF-3 0~~5.00250000 ~~Interest~~% ~~Distribution~~M6 -73316PDX5 ~~AF-~~1,000.00000000 0.00000000 4.37500000 ~~103~~4.37500000 1,~~838~~000.2000000000 ~~Unpaid~~M6 ~~Interest~~5.250000 -% ~~AF-4~~B1 73316PEA4 1,000.00000000 0.0000000000 ~~Remaining~~5.13222290 ~~Unpaid~~5.13222290 ~~Interest~~1,000.00000000 -B1 ~~AF-4~~5.960000 % B2 73316PEB2 1,000.00000000 0.0000000000 ~~Interest~~5.13222239 ~~Distribution~~5.13222239 -1,000.00000000 ~~AF-~~B2 5.960000 31% B3 73316PEC0 1,~~635~~000.7300000000 ~~Unpaid~~0.00000000 ~~Interest~~5.13222205 ~~- AF-~~5.13222205 01,000.0000000000 ~~Remaining~~B3 ~~Unpaid~~5.960000 ~~Interest~~% ------------------------------------------------------------------------------------------------------------ AF-5--------------------- 0TOTALS 986.0093865275 ~~Interest~~13.87556930 ~~Distribution~~3.51016118 -17.38573049 ~~AF-6 117,467~~973.9806308345 ~~Unpaid~~============================================================================================================ ~~Interest~~====================== ------------------------------------------------------------------------------------------------------------ AF-6--------------------- X N/A 988.49280788 0.0000000000 ~~Remaining~~0.00003362 ~~Unpaid~~0.00003362 ~~Interest~~976.22935787 -X ~~AF-6~~ 0.00000000 % ------------------------------------------------------------------------------------------------------------ ----------------------

~~Interest~~Sec. ~~Distribution~~4.03(a)(i) -Funds ~~AV-1A~~Allocable ~~320,581.47~~to ~~Unpaid~~Certificate ~~Interest~~Principal -Group ~~AV-1A~~I ~~0.00~~Scheduled ~~Remaining~~Principal ~~Unpaid~~431,673.39 ~~Interest~~Group -I ~~AV-1A~~Curtailments 027,379.0027 ~~Interest~~Group ~~Distribution~~I -Prepayments ~~AV-1B 81~~4,~~313~~343,062.5537 ~~Unpaid~~Group ~~Interest~~I -Repurchases ~~AV-1B~~ 0.00 ~~Remaining~~Group ~~Unpaid~~I ~~Interest~~Liquidation -Proceeds ~~AV-1B~~ 0.00 ~~Interest~~Group ~~Distribution~~ II-A ~~AV-2~~Scheduled ~~335~~Principal 107,~~277~~151.7819 ~~Unpaid~~Group ~~Interest~~ II-A ~~AV-2~~Curtailments 0-552.0088 ~~Remaining~~Group ~~Unpaid Interest~~ II-A ~~AV-2~~Prepayments 01,743,279.0048 ~~Interest~~Group ~~Distribution~~ II-A ~~M-1~~Repurchases ~~194,075~~0.0800 ~~Unpaid~~Group ~~Interest~~ II-A ~~M-1~~Liquidation Proceeds 0.00 ~~Remaining~~Group ~~Unpaid~~II-B ~~Interest~~Scheduled -Principal M90,518.85 Group II-1B 0Curtailments 5,199.0094 ~~Interest~~Group ~~Distribution~~ II-B ~~M-2~~Prepayments ~~155~~1,~~400~~244,173.0009 ~~Unpaid~~Group ~~Interest~~ II-B ~~M-2~~Repurchases 0.00 ~~Remaining~~Group ~~Unpaid Interest~~ II-B ~~M-2~~Liquidation Proceeds 0.00 ~~Interest~~Extra Principal Distribution -Amount ~~M-3 45~~1,~~631~~050,587.2593 ~~Unpaid~~Sec. ~~Interest - M-3 0~~4.0003 ~~Remaining~~(a)(ii) ~~Unpaid~~ Interest -Distribution ~~M-3~~Amounts ~~0.00~~ Interest Distribution - MAF-41 39471,~~900~~973.0034 Unpaid Interest - MAF-41 0.00 Remaining Unpaid Interest - MAF-41 0.00 Interest Distribution - MAF-52 3487,~~212~~686.5090 Unpaid Interest - MAF-52 0.00 Remaining Unpaid Interest - MAF-52 0.00 Interest Distribution - MAF-63 31190,~~368~~643.7510 Unpaid Interest - MAF-63 0.00 Remaining Unpaid Interest - MAF-63 0.00 Interest Distribution - BAF-14 26103,~~647~~838.7820 Unpaid Interest - BAF-14 0.00 Remaining Unpaid Interest - BAF-14 0.00 Interest Distribution - BAF-25 3531,~~530~~635.3873 Unpaid Interest - BAF-25 0.00 Remaining Unpaid Interest - BAF-25 0.00 Interest Distribution - BAF-36 35117,~~437~~467.7498 Unpaid Interest - BAF-36 0.00 Remaining Unpaid Interest - BAF-36 0.00

Sec. 4.03(a)(v) Pool Principal Balances Group I Beginning Pool Balance ~~429~~426,~~745~~856,~~906~~304.2855 Group I Ending Pool Balance ~~426~~422,~~856~~054,~~304~~189.5552 Group II-A Beginning Pool Balance ~~121~~119,~~937~~249,~~282~~913.7980 Group II-A Ending Pool Balance ~~119~~117,~~249~~400,~~913~~036.8001 Group II-B Beginning Pool Balance ~~100~~98,~~000~~077,~~040~~966.2953 Group II-B Ending Pool Balance 9896,~~077~~738,~~966~~074.5365 Total Beginning Pool Balance ~~651~~644,~~683~~184,~~229~~184.3688 Total Ending Pool Balance ~~644~~636,~~184~~192,~~184~~300.8818 Sec. 4.03(a)(vi) Servicing Fee Group I Servicing Fee ~~179~~177,~~060~~856.79 Group II-A Servicing Fee 5049,~~807~~687.2046 Group II-B Servicing Fee 4140,~~666~~865.6882 Sec. 4.03(a)(viii) Delinquency Advances Group I Delinquency Advances Included in Current Distribution ~~112,448~~0.9900 Group I Recouped Advances Included in Current Distribution 0111,226.0041 Group I Recouped Advances From Liquidations 0.00 Group I Aggregate Amount of Advances Outstanding ~~112~~1,~~448~~222.9958 Group II-A Delinquency Advances Included in Current Distribution 214,~~600~~938.4122 Group II-A Recouped Advances Included in Current Distribution 0.00 Group II-A Recouped Advances From Liquidations 0.00 Group II-A Aggregate Amount of Advances Outstanding 2126,~~600~~538.4163 Group II-B Delinquency Advances Included in Current Distribution ~~9,381~~0.6600 Group II-B Recouped Advances Included in Current Distribution 06,781.0094 Group II-B Recouped Advances From Liquidations 0.00 Group II-B Aggregate Amount of Advances Outstanding 92,~~381~~599.6672

~~---------------------------------------------------------------------------~~Section ~~Delinquency~~4.03(a)(ix) byA Group ~~---------------------------------------------------------------------------~~ I,Group 1 II--------------------------------------------------------------------------- Period Number Principal Balance Percentage --------------------------------------------------------------------------- 0-30 days 96 18A,~~071,422.41~~ ~~4.23~~and %Group 31II-60B ~~days~~Loans 9 1,831,748.54 0.43 % 61-90 days 0 0.00 0.00 % 91+days 0 0.00 0.00 % --------------------------------------------------------------------------- Total 105 19,903,170.95 4.66 % ---------------------------------------------------------------------------Delinquent

Delinquency by Group Group 1

--------------------------------------------------------------------------- Delinquency by Group --------------------------------------------------------------------------- Group 2 --------------------------------------------------------------------------- Period Number Principal Balance Percentage ----------- ------ ----------------- ----------~~-------------------------------~~ 0-30 days 32114 421,~~911~~619,~~787~~003.1300 45.12 % 31-60 days 15 67677,~~818~~128.1330 0.0616 % 61-90 days 01 0107,780.0040 0.0003 % 91+days 0 0.00 0.00 % ----------- ------ ----------------- ----------~~-------------------------------~~ Total 33120 422,~~979~~403,~~605~~911.2670 45.1831 % ~~---------------------------------------------------------------------------~~=========== ====== ================= ==========

Delinquency by Group Group 2

--------------------------------------------------------------------------- Delinquency by Group --------------------------------------------------------------------------- Group 3 --------------------------------------------------------------------------- Period Number Principal Balance Percentage ----------- ------ ----------------- ----------~~-------------------------------~~ 0-30 days 1645 36,~~792~~499,~~476~~058.3990 35.8754 % 31-60 days 12 ~~145~~218,~~825~~426.7063 0.1519 % 61-90 days 0 0.00 0.00 % 91+days 0 0.00 0.00 % ----------- ------ ----------------- ----------~~-------------------------------~~ Total 1747 36,~~938~~717,~~302~~485.0953 45.0272 % ~~---------------------------------------------------------------------------~~=========== ====== ================= ==========

Delinquency by Group Group 3

~~---------------------------------------------------------------------------~~Period ~~Foreclosure~~Number byPrincipal ~~Group~~Balance Percentage ----------- ------ ----------------- ---------- 0-~~------------------------------~~30 ~~Group~~days ~~Number~~24 of4,991,258.00 ~~Principal~~5.16 ~~Balance~~% ~~Percentage Number Loans~~ 31-~~--------------------------------------------------------------------------~~60 1days 02 0344,282.0010 0.0036 % 261-90 days 0 0.00 0.00 % 391+days 0 0.00 0.00 % ----------- ------ ----------------- ---------- Total 26 5,335,540.10 5.52 % =========== ====== ================= ========== Sec. 4.03 (a)(ix) B Group I,Group II-A, and Group II-~~-----------------------------~~B Loans in Foreclosure

Foreclosure by Group

~~--------------------------------------------------------------------------- REO by~~ Group ~~--------------------------------------------------------------------------- Group~~ Number of Principal Balance Percentage Number Loans ----------- ------ ----------------- ----------~~-------------------------------~~ 1 0 0.00 0.00% 2 0 0.00 0.00% 3 0 0.00 0.00% ~~---------------------------------------------------------------------------~~

~~Market Value of Group I REO Loans 0.00 Market Value of Group II-A REO Loans 0.00 Market Value of Group II-B REO Loans 0.00~~ Sec. 4.03(a)(~~xii~~x),(xi) ~~Aggregate Stated Principal Balance of the Three Largest Loans~~ Group I ~~Three Largest Loans 1~~,~~866,762.16~~ Group II-A ~~Three Largest Loans 1~~,~~222,342.58~~ and Group II-B ~~Three Largest~~ Loans ~~1,990,019.18~~in 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-1A Net WAC Cap Carryover Amounts Due 0.00 Class AV-1A Net WAC Cap Carryover Amounts Paid 0.00 Class AV-1A Net WAC Cap Carryover Remaining Amounts Due 0.00 Class AV-1B Net WAC Cap Carryover Amounts Due 0.00 Class AV-1B Net WAC Cap Carryover Amounts Paid 0.00 Class AV-1B Net WAC Cap Carryover Remaining Amounts Due 0.00 Class AV-2 Net WAC Cap Carryover Amounts Due 0.00 Class AV-2 Net WAC Cap Carryover Amounts Paid 0.00 Class AV-2 Net WAC Cap Carryover Remaining Amounts Due 0.00 Class B-1 Net WAC Cap Carryover Amounts Due 1,322.40 Class B-1 Net WAC Cap Carryover Amounts Paid 1,322.40 Class B-1 Net WAC Cap Carryover Remaining Amounts Due 0.00 Class B-2 Net WAC Cap Carryover Amounts Due 1,763.20 Class B-2 Net WAC Cap Carryover Amounts Paid 1,763.20 Class B-2 Net WAC Cap Carryover Remaining Amounts Due 0.00 Class B-3 Net WAC Cap Carryover Amounts Due 1,758.61 Class B-3 Net WAC Cap Carryover Amounts Paid 1,758.61 Class B-3 Net WAC Cap Carryover Remaining Amounts Due 0.00REO

REO by Group

~~Sec. 4.03(a)(xiv) Aggregate Principal Balance of Balloon Loans with Original Terms <= 36 Months and 60+ Contractually Past Due~~ Group INumber ~~Aggregate Principal Balance~~ of ~~Balloon Loans 0.00 Group II-A Aggregate~~ Principal Balance ofPercentage ~~Balloon~~Number Loans ~~0.00 Group II~~-B----- ~~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~~-A-------- ~~Current Period Realized Losses 0.00 Group II~~-A---------------- ~~Cumulative Realized Losses 0.00 Group II~~-B--------- ~~Current~~1 ~~Period Realized Losses~~ 0~~.00~~ ~~Group II-B Cumulative Realized Losses~~ 0.00 ~~Sec. 4.03 (a)(xvi) Reserve Fund Beginning Balance of Reserve Fund~~ 0.00% ~~Funds~~2 ~~Withdrawn From Reserve Fund For Distribution~~ 0~~.00~~ ~~Funds Deposited to Reserve Fund~~ 0.00 ~~Ending Balance of Reserve Fund~~ 0.00% ~~Sec.~~3 ~~4.03 (a)(xvii) Number of Loans Repurchased Group I Number of Loans Repurchased~~ 0~~.00~~ ~~Group II-A Number of Loans Repurchased~~ 0.00 ~~Group II-B Number of Loans Repurchased~~ 0.00%

~~Sec.~~Market 4Value of Group I REO Loans 0.0300 ~~(a)(xviii)~~Market ~~Weighted~~Value ~~Average~~of ~~Mortgage~~Group ~~Rate~~II-A REO Loans 0.00 Market Value of ~~Outstanding~~Group II-B REO Loans 0.00 Sec. 4.03(asa)(xii) ofAggregate ~~first~~Stated ~~day~~Principal Balance of ~~related~~the ~~Due~~Three Largest Loans Group I ~~Weighted~~Three ~~Average~~Largest ~~Mortgage~~Loans ~~Rate 6~~1,865,061.~~76%~~50 Group II-A ~~Weighted~~Three ~~Average~~Largest ~~Mortgage~~Loans ~~Rate 6~~1,221,239.76% Group II-B ~~Weighted~~Three ~~Average~~Largest ~~Mortgage~~Loans ~~Rate 6~~1,988,189.~~59%~~52 Sec. 4.03 (a)(~~xix~~xiii) ~~Weighted~~Net ~~Average~~WAC ~~Remaining~~Cap ~~Term~~Carryover ofClass ~~Outstanding~~AF-1 ~~Loans~~Net ~~Group~~WAC ICap ~~Weighted~~Carryover ~~Average~~Amounts ~~Remaining~~Due ~~Term~~0.00 ~~345~~Class ~~Group II~~AF-A1 ~~Weighted~~Net ~~Average~~WAC ~~Remaining~~Cap ~~Term~~Carryover ~~356~~Amounts ~~Group~~Paid II0.00 Class AF-B1 ~~Weighted~~Net ~~Average~~WAC Cap Carryover Remaining ~~Term~~Amounts ~~356~~Due ~~Sec~~0.00 ~~4.03~~Class ~~Overcollateralization~~AV-1A ~~Amounts~~Net ~~Overcollateralization~~WAC ~~Amount~~Cap ~~1,013,042~~Carryover Amounts Due 0.8400 ~~Overcollateralization~~Class ~~Target~~AV-1A ~~Amount~~Net ~~10,752,773.28~~WAC ~~Overcollateralization~~Cap ~~Release~~Carryover ~~Amount~~Amounts Paid 0.00 ~~Overcollateralization~~Class ~~Deficiency~~AV-1A ~~Amount~~Net ~~9,739,730~~WAC Cap Carryover Remaining Amounts Due 0.4400 ~~Sec~~Class AV-1B Net WAC Cap Carryover Amounts Due 0.00 4Class AV-1B Net WAC Cap Carryover Amounts Paid 0.0300 ~~(a)(xxiv)~~Class ~~Trigger~~AV-1B ~~Events~~Net ~~Has~~WAC aCap ~~Trigger~~Carryover ~~Event~~Remaining ~~Occurred~~Amounts ~~and~~Due is0.00 ~~continuing?~~Class NOAV-2 ~~Cumulative~~Net ~~Realized~~WAC ~~Losses~~Cap asCarryover aAmounts ~~percentage~~Due of0.00 ~~the~~Class ~~Original~~AV-2 ~~Pool~~Net ~~Balance~~WAC Cap Carryover Amounts Paid 0.00% ~~Senior~~Class ~~Enhancement~~AV-2 ~~Percentage~~Net 20WAC Cap Carryover Remaining Amounts Due 0.~~74%~~00 ~~Senior~~Class ~~Specified~~B-1 ~~Enhancement~~Net ~~Percentage~~WAC 44Cap Carryover Amounts Due 0.~~30%~~00 ~~Sec~~Class B-1 Net WAC Cap Carryover Amounts Paid 0.00 4Class B-1 Net WAC Cap Carryover Remaining Amounts Due 0.0300 ~~(a)(xxv)~~Class ~~60+~~B-2 ~~Day~~Net ~~Delinquent~~WAC ~~Loans~~Cap ~~60+~~Carryover ~~Day~~Amounts ~~Delinquent~~Due ~~Loans~~0.00 asClass aB-2 ~~percentage~~Net ofWAC ~~the~~Cap ~~current~~Carryover ~~Pool~~Amounts ~~Balance~~Paid 0.00% ~~Sec~~Class B-2 Net WAC Cap Carryover Remaining Amounts Due 0.00 4Class B-3 Net WAC Cap Carryover Amounts Due 0.0300 ~~(a)(xxvi)~~Class ~~Amount~~B-3 ofNet ~~Funds~~WAC ~~Collected~~Cap byCarryover ~~Trustee~~Amounts ~~under~~Paid ~~Yield~~0.00 ~~Maintenance~~Class ~~Agreement~~B-3 Net WAC Cap Carryover Remaining Amounts Due 0.00

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