8-K 1 abf05he1_10506.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 27, 2005 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-HE1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121564-01 54-2169415 Pooling and Servicing Agreement) (Commission 54-2169416 (State or other File Number) 54-6654323 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 On June 27, 2005 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2005-HE1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-HE1 Trust, relating to the June 27, 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2005-HE1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 6/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-HE1 Trust, relating to the June 27, 2005 distribution. EX-99.1

Asset Backed Funding Corporation Asset Backed Certificates Record Date: 45/2931/2005 Distribution Date: 56/2527/2005 Asset Backed Funding Corporation Asset Backed Certificates Series 2005-HE1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest ~~Principal~~ Class CUSIP Description Rate Balance Distribution ~~Distribution~~ A-1SS 04542BKK7 SEN 3.~~23500~~30500% ~~473~~458,~~076~~522,~~984~~585.7694 1,~~275~~389,~~336~~132.7038 ~~14,554,398.81~~ A-1MZ 04542BKL5 SEN 3.~~28000~~35000% 5250,~~564~~947,~~647~~475.1013 ~~143~~156,~~676~~451.7020 ~~1,617,171.97~~ A-2SS 04542BKM3 SEN 3.~~23000~~30000% ~~422~~411,~~796~~910,~~613~~222.4708 1,~~138~~246,~~027~~028.5542 ~~10,886,391.39~~ A-2MZ 04542BKN1 SEN 3.~~28000~~35000% ~~105~~102,~~699~~978,~~640~~030.4506 ~~288~~316,~~912~~228.3537 ~~2,721,610.39~~ A-3A 04542BKP6 SEN 3.~~09000~~16000% ~~129~~120,~~856~~457,~~434~~160.4870 ~~334~~348,~~380~~924.3224 ~~9,399,273.78~~ A-3B 04542BKQ4 SEN 3.~~19000~~26000% 140,672,000.00 ~~373~~420,~~953~~374.0783 ~~0.00~~ A-3C 04542BKR2 SEN 3.~~34000~~41000% 28,080,000.00 7887,~~156~~773.0040 ~~0.00~~ M1 04542BKS0 SUB 3.~~44000~~51000% 92,610,000.00 ~~265~~297,~~482~~972.0067 ~~0.00~~ M2 04542BKT8 SUB 3.~~46000~~53000% 56,991,000.00 ~~164~~184,~~324~~413.0538 ~~0.00~~ M3 04542BKU5 SUB 3.~~51000~~58000% 31,166,000.00 91102,~~160~~276.5542 ~~0.00~~ M4 04542BKV3 SUB 3.~~69000~~76000% 31,167,000.00 95107,~~838~~422.5226 ~~0.00~~ M5 04542BKW1 SUB 3.~~72000~~79000% 31,167,000.00 96108,~~617~~279.7035 ~~0.00~~ M6 04542BKX9 SUB 3.~~80000~~87000% 26,714,000.00 8494,~~594~~767.3391 ~~0.00~~ M7 04542BKY7 SUB 4.~~26000~~33000% 20,481,000.00 7281,~~707~~292.5550 ~~0.00~~ M8 04542BKZ4 SUB 4.~~35000~~42000% 18,700,000.00 6775,~~787~~766.5017 ~~0.00~~ M9 04542BLA8 SUB 45.~~97000~~04000% 12,467,000.00 5157,~~634~~597.1654 ~~0.00~~ B1 04542BLB6 SUB 6.~~52000~~59000% 11,576,000.00 6269,~~896~~928.2769 ~~0.00~~ B2 04542BLC4 SUB 6.~~52000~~59000% 17,809,000.00 96107,~~762~~581.2320 ~~0.00~~ B3 04542BLD2 SUB 6.~~52000~~59000% 21,372,000.00 ~~116~~129,~~121~~104.2069 ~~0.00~~ CE ABF5HE1CE SUB 0.00000% 17,809,538.18 4,~~774~~069,~~820~~283.8088 ~~0.00~~ P ABF04HE1P SEN 0.00000% 0.00 ~~570~~948,~~295~~431.9616 ~~0.00~~ Totals 1,~~742~~703,~~775~~597,~~858~~012.4409 10,~~243~~399,~~485~~030.~~51 39,178,846.34~~66

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1SS 16,002,274.72 0.00 ~~458~~442,~~522~~520,~~585~~311.9422 1517,~~829~~391,~~735~~407.5110 0.00 A-1MZ 1,778,048.71 0.00 5049,~~947~~169,~~475~~426.1342 1,~~760~~934,~~848~~499.6791 0.00 A-2SS 18,524,180.40 0.00 ~~411~~393,~~910~~386,~~222~~041.0868 1219,~~024~~770,~~418~~208.9482 0.00 A-2MZ 4,631,066.44 0.00 ~~102~~98,~~978~~346,~~030~~963.0662 34,~~010~~947,~~522~~294.7481 0.00 A-3A 15,776,158.43 0.00 ~~120~~104,~~457~~681,~~160~~002.7027 916,~~733~~125,~~654~~082.1067 0.00 A-3B 0.00 0.00 140,672,000.00 ~~373~~420,~~953~~374.0783 0.00 A-3C 0.00 0.00 28,080,000.00 7887,~~156~~773.0040 0.00 M1 0.00 0.00 92,610,000.00 ~~265~~297,~~482~~972.0067 0.00 M2 0.00 0.00 56,991,000.00 ~~164~~184,~~324~~413.0538 0.00 M3 0.00 0.00 31,166,000.00 91102,~~160~~276.5542 0.00 M4 0.00 0.00 31,167,000.00 95107,~~838~~422.5226 0.00 M5 0.00 0.00 31,167,000.00 96108,~~617~~279.7035 0.00 M6 0.00 0.00 26,714,000.00 8494,~~594~~767.3391 0.00 M7 0.00 0.00 20,481,000.00 7281,~~707~~292.5550 0.00 M8 0.00 0.00 18,700,000.00 6775,~~787~~766.5017 0.00 M9 0.00 0.00 12,467,000.00 5157,~~634~~597.1654 0.00 B1 0.00 0.00 11,576,000.00 6269,~~896~~928.2769 0.00 B2 0.00 0.00 17,809,000.00 96107,~~762~~581.2320 0.00 B3 0.00 0.00 21,372,000.00 ~~116~~129,~~121~~104.2069 0.00 CE 0.00 0.00 17,809,538.18 4,~~774~~069,~~820~~283.8088 0.00 P 0.00 0.00 ~~570~~0.00 948,~~295~~431.9616 0.00 Totals 56,711,728.70 0.00 1,~~703~~646,~~597~~885,~~012~~283.0939 4967,~~422~~110,~~331~~759.8536 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1SS 488,803,000.00 ~~473~~458,~~076~~522,~~984~~585.7694 0.00 1416,~~554~~002,~~398~~274.8172 0.00 0.00 A-1MZ 54,312,000.00 5250,~~564~~947,~~647~~475.1013 0.00 1,~~617~~778,~~171~~048.9771 0.00 0.00 A-2SS 434,010,000.00 ~~422~~411,~~796~~910,~~613~~222.4708 0.00 1018,~~886~~524,~~391~~180.3940 0.00 0.00 A-2MZ 108,503,000.00 ~~105~~102,~~699~~978,~~640~~030.4506 0.00 24,~~721~~631,~~610~~066.3944 0.00 0.00 A-3A 136,544,000.00 ~~129~~120,~~856~~457,~~434~~160.4870 0.00 915,~~399~~776,~~273~~158.7843 0.00 0.00 A-3B 140,672,000.00 140,672,000.00 0.00 0.00 0.00 0.00 A-3C 28,080,000.00 28,080,000.00 0.00 0.00 0.00 0.00 M1 92,610,000.00 92,610,000.00 0.00 0.00 0.00 0.00 M2 56,991,000.00 56,991,000.00 0.00 0.00 0.00 0.00 M3 31,166,000.00 31,166,000.00 0.00 0.00 0.00 0.00 M4 31,167,000.00 31,167,000.00 0.00 0.00 0.00 0.00 M5 31,167,000.00 31,167,000.00 0.00 0.00 0.00 0.00 M6 26,714,000.00 26,714,000.00 0.00 0.00 0.00 0.00 M7 20,481,000.00 20,481,000.00 0.00 0.00 0.00 0.00 M8 18,700,000.00 18,700,000.00 0.00 0.00 0.00 0.00 M9 12,467,000.00 12,467,000.00 0.00 0.00 0.00 0.00 B1 11,576,000.00 11,576,000.00 0.00 0.00 0.00 0.00 B2 17,809,000.00 17,809,000.00 0.00 0.00 0.00 0.00 B3 21,372,000.00 21,372,000.00 0.00 0.00 0.00 0.00 CE 17,809,818.04 17,809,538.18 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,780,953,818.04 1,~~742~~703,~~775~~597,~~858~~012.4409 0.00 3956,~~178~~711,~~846~~728.3470 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1SS 1416,~~554~~002,~~398~~274.8172 ~~458~~442,~~522~~520,~~585~~311.9422 0.~~93805191~~90531423 1416,~~554~~002,~~398~~274.8172 A-1MZ 1,~~617~~778,~~171~~048.9771 5049,~~947~~169,~~475~~426.1342 0.~~93805191~~90531423 1,~~617~~778,~~171~~048.9771 A-2SS 1018,~~886~~524,~~391~~180.3940 ~~411~~393,~~910~~386,~~222~~041.0868 0.~~94908003~~90639857 1018,~~886~~524,~~391~~180.3940 A-2MZ 24,~~721~~631,~~610~~066.3944 ~~102~~98,~~978~~346,~~030~~963.0662 0.~~94908003~~90639857 24,~~721~~631,~~610~~066.3944 A-3A 915,~~399~~776,~~273~~158.7843 ~~120~~104,~~457~~681,~~160~~002.7027 0.~~88218567~~76664667 915,~~399~~776,~~273~~158.7843 A-3B 0.00 140,672,000.00 1.00000000 0.00 A-3C 0.00 28,080,000.00 1.00000000 0.00 M1 0.00 92,610,000.00 1.00000000 0.00 M2 0.00 56,991,000.00 1.00000000 0.00 M3 0.00 31,166,000.00 1.00000000 0.00 M4 0.00 31,167,000.00 1.00000000 0.00 M5 0.00 31,167,000.00 1.00000000 0.00 M6 0.00 26,714,000.00 1.00000000 0.00 M7 0.00 20,481,000.00 1.00000000 0.00 M8 0.00 18,700,000.00 1.00000000 0.00 M9 0.00 12,467,000.00 1.00000000 0.00 B1 0.00 11,576,000.00 1.00000000 0.00 B2 0.00 17,809,000.00 1.00000000 0.00 B3 0.00 21,372,000.00 1.00000000 0.00 CE 0.00 17,809,538.18 0.99998429 0.00 P 0.00 0.00 0.00000000 0.00 Totals 3956,~~178~~711,~~846~~728.3470 1,~~703~~646,~~597~~885,~~012~~283.0939 0.~~95656440~~92472094 3956,~~178~~711,~~846~~728.3470

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1SS 488,803,000.00 ~~967~~938.~~82749852~~05190627 0.00000000 2932.~~77559223~~73767698 0.00000000 A-1MZ 54,312,000.00 ~~967~~938.~~82749853~~05190621 0.00000000 2932.~~77559232~~73767694 0.00000000 A-2SS 434,010,000.00 ~~974~~949.~~16329916~~08002599 0.00000000 2542.~~08327317~~68145987 0.00000000 A-2MZ 108,503,000.00 ~~974~~949.~~16329917~~08002599 0.00000000 2542.~~08327318~~68145987 0.00000000 A-3A 136,544,000.00 ~~951~~882.~~02263358~~18567421 0.00000000 68115.~~83695937~~53900889 0.00000000 A-3B 140,672,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3C 28,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 92,610,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 56,991,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 31,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 31,167,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 31,167,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 26,714,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 20,481,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 18,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 12,467,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 11,576,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 17,809,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 21,372,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 17,809,818.04 999.98428620 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1SS 0.00000000 2932.~~77559223~~73767698 ~~938~~905.~~05190627~~31422929 0.~~93805191~~90531423 2932.~~77559223~~73767698 A-1MZ 0.00000000 2932.~~77559232~~73767694 ~~938~~905.~~05190621~~31422927 0.~~93805191~~90531423 2932.~~77559232~~73767694 A-2SS 0.00000000 2542.~~08327317~~68145987 ~~949~~906.~~08002599~~39856612 0.~~94908003~~90639857 2542.~~08327317~~68145987 A-2MZ 0.00000000 2542.~~08327318~~68145987 ~~949~~906.~~08002599~~39856612 0.~~94908003~~90639857 2542.~~08327318~~68145987 A-3A 0.00000000 68115.~~83695937~~53900889 ~~882~~766.~~18567421~~64666532 0.~~88218567~~76664667 68115.~~83695937~~53900889 A-3B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.98428620 0.99998429 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1SS 488,803,000.00 3.~~23500~~30500% ~~473~~458,~~076~~522,~~984~~585.7694 1,~~275~~389,~~336~~132.7038 0.00 0.00 A-1MZ 54,312,000.00 3.~~28000~~35000% 5250,~~564~~947,~~647~~475.1013 ~~143~~156,~~676~~451.7020 0.00 0.00 A-2SS 434,010,000.00 3.~~23000~~30000% ~~422~~411,~~796~~910,~~613~~222.4708 1,~~138~~246,~~027~~028.5542 0.00 0.00 A-2MZ 108,503,000.00 3.~~28000~~35000% ~~105~~102,~~699~~978,~~640~~030.4506 ~~288~~316,~~912~~228.3537 0.00 0.00 A-3A 136,544,000.00 3.~~09000~~16000% ~~129~~120,~~856~~457,~~434~~160.4870 ~~334~~348,~~380~~924.3224 0.00 0.00 A-3B 140,672,000.00 3.~~19000~~26000% 140,672,000.00 ~~373~~420,~~953~~374.0783 0.00 0.00 A-3C 28,080,000.00 3.~~34000~~41000% 28,080,000.00 7887,~~156~~773.0040 0.00 0.00 M1 92,610,000.00 3.~~44000~~51000% 92,610,000.00 ~~265~~297,~~482~~972.0067 0.00 0.00 M2 56,991,000.00 3.~~46000~~53000% 56,991,000.00 ~~164~~184,~~324~~413.0538 0.00 0.00 M3 31,166,000.00 3.~~51000~~58000% 31,166,000.00 91102,~~160~~276.5542 0.00 0.00 M4 31,167,000.00 3.~~69000~~76000% 31,167,000.00 95107,~~838~~422.5226 0.00 0.00 M5 31,167,000.00 3.~~72000~~79000% 31,167,000.00 96108,~~617~~279.7035 0.00 0.00 M6 26,714,000.00 3.~~80000~~87000% 26,714,000.00 8494,~~594~~767.3391 0.00 0.00 M7 20,481,000.00 4.~~26000~~33000% 20,481,000.00 7281,~~707~~292.5550 0.00 0.00 M8 18,700,000.00 4.~~35000~~42000% 18,700,000.00 6775,~~787~~766.5017 0.00 0.00 M9 12,467,000.00 45.~~97000~~04000% 12,467,000.00 5157,~~634~~597.1654 0.00 0.00 B1 11,576,000.00 6.~~52000~~59000% 11,576,000.00 6269,~~896~~928.2769 0.00 0.00 B2 17,809,000.00 6.~~52000~~59000% 17,809,000.00 96107,~~762~~581.2320 0.00 0.00 B3 21,372,000.00 6.~~52000~~59000% 21,372,000.00 ~~116~~129,~~121~~104.2069 0.00 0.00 CE 17,809,818.04 0.00000% 17,809,538.18 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 Totals 1,780,953,818.04 45,~~898~~381,~~368~~315.7562 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1SS 0.00 0.00 1,~~275~~389,~~336~~132.7038 0.00 ~~458~~442,~~522~~520,~~585~~311.9422 A-1MZ 0.00 0.00 ~~143~~156,~~676~~451.7020 0.00 5049,~~947~~169,~~475~~426.1342 A-2SS 0.00 0.00 1,~~138~~246,~~027~~028.5542 0.00 ~~411~~393,~~910~~386,~~222~~041.0868 A-2MZ 0.00 0.00 ~~288~~316,~~912~~228.3537 0.00 ~~102~~98,~~978~~346,~~030~~963.0662 A-3A 0.00 0.00 ~~334~~348,~~380~~924.3224 0.00 ~~120~~104,~~457~~681,~~160~~002.7027 A-3B 0.00 0.00 ~~373~~420,~~953~~374.0783 0.00 140,672,000.00 A-3C 0.00 0.00 7887,~~156~~773.0040 0.00 28,080,000.00 M1 0.00 0.00 ~~265~~297,~~482~~972.0067 0.00 92,610,000.00 M2 0.00 0.00 ~~164~~184,~~324~~413.0538 0.00 56,991,000.00 M3 0.00 0.00 91102,~~160~~276.5542 0.00 31,166,000.00 M4 0.00 0.00 95107,~~838~~422.5226 0.00 31,167,000.00 M5 0.00 0.00 96108,~~617~~279.7035 0.00 31,167,000.00 M6 0.00 0.00 8494,~~594~~767.3391 0.00 26,714,000.00 M7 0.00 0.00 7281,~~707~~292.5550 0.00 20,481,000.00 M8 0.00 0.00 6775,~~787~~766.5017 0.00 18,700,000.00 M9 0.00 0.00 5157,~~634~~597.1654 0.00 12,467,000.00 B1 0.00 0.00 6269,~~896~~928.2769 0.00 11,576,000.00 B2 0.00 0.00 96107,~~762~~581.2320 0.00 17,809,000.00 B3 0.00 0.00 ~~116~~129,~~121~~104.2069 0.00 21,372,000.00 CE 0.00 0.00 4,~~774~~069,~~820~~283.8088 0.00 17,809,538.18 P 0.00 0.00 ~~570~~948,~~295~~431.9616 0.00 0.01 Totals 0.00 0.00 10,~~243~~399,~~485~~030.5166 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1SS 488,803,000.00 3.~~23500~~30500% ~~967~~938.~~82749852~~05190627 2.~~60910162~~84190641 0.00000000 0.00000000 A-1MZ 54,312,000.00 3.~~28000~~35000% ~~967~~938.~~82749853~~05190621 2.~~64539512~~88060097 0.00000000 0.00000000 A-2SS 434,010,000.00 3.~~23000~~30000% ~~974~~949.~~16329916~~08002599 2.~~62212288~~87096707 0.00000000 0.00000000 A-2MZ 108,503,000.00 3.~~28000~~35000% ~~974~~949.~~16329917~~08002599 2.~~66271301~~91446660 0.00000000 0.00000000 A-3A 136,544,000.00 3.~~09000~~16000% ~~951~~882.~~02263358~~18567421 2.~~44888329~~55539782 0.00000000 0.00000000 A-3B 140,672,000.00 3.~~19000~~26000% 1000.00000000 2.~~65833336~~98833336 0.00000000 0.00000000 A-3C 28,080,000.00 3.~~34000~~41000% 1000.00000000 23.~~78333333~~12583333 0.00000000 0.00000000 M1 92,610,000.00 3.~~44000~~51000% 1000.00000000 23.~~86666667~~21749995 0.00000000 0.00000000 M2 56,991,000.00 3.~~46000~~53000% 1000.00000000 23.~~88333333~~23583338 0.00000000 0.00000000 M3 31,166,000.00 3.~~51000~~58000% 1000.00000000 23.~~92500000~~28166656 0.00000000 0.00000000 M4 31,167,000.00 3.~~69000~~76000% 1000.00000000 3.~~07499984~~44666667 0.00000000 0.00000000 M5 31,167,000.00 3.~~72000~~79000% 1000.00000000 3.~~10000000~~47416659 0.00000000 0.00000000 M6 26,714,000.00 3.~~80000~~87000% 1000.00000000 3.~~16666654~~54749981 0.00000000 0.00000000 M7 20,481,000.00 4.~~26000~~33000% 1000.00000000 3.~~55000000~~96916654 0.00000000 0.00000000 M8 18,700,000.00 4.~~35000~~42000% 1000.00000000 34.~~62500000~~05166684 0.00000000 0.00000000 M9 12,467,000.00 45.~~97000~~04000% 1000.00000000 4.~~14166680~~62000000 0.00000000 0.00000000 B1 11,576,000.00 6.~~52000~~59000% 1000.00000000 56.~~43333362~~04083362 0.00000000 0.00000000 B2 17,809,000.00 6.~~52000~~59000% 1000.00000000 56.~~43333315~~04083329 0.00000000 0.00000000 B3 21,372,000.00 6.~~52000~~59000% 1000.00000000 56.~~43333333~~04083333 0.00000000 0.00000000 CE 17,809,818.04 0.00000% 999.98428620 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are Per 1,000 Denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1SS 0.00000000 0.00000000 2.~~60910162~~84190641 0.00000000 ~~938~~905.~~05190627~~31422929 A-1MZ 0.00000000 0.00000000 2.~~64539512~~88060097 0.00000000 ~~938~~905.~~05190621~~31422927 A-2SS 0.00000000 0.00000000 2.~~62212288~~87096707 0.00000000 ~~949~~906.~~08002599~~39856612 A-2MZ 0.00000000 0.00000000 2.~~66271301~~91446660 0.00000000 ~~949~~906.~~08002599~~39856612 A-3A 0.00000000 0.00000000 2.~~44888329~~55539782 0.00000000 ~~882~~766.~~18567421~~64666532 A-3B 0.00000000 0.00000000 2.~~65833336~~98833336 0.00000000 1000.00000000 A-3C 0.00000000 0.00000000 23.~~78333333~~12583333 0.00000000 1000.00000000 M1 0.00000000 0.00000000 23.~~86666667~~21749995 0.00000000 1000.00000000 M2 0.00000000 0.00000000 23.~~88333333~~23583338 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~92500000~~28166656 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~07499984~~44666667 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~10000000~~47416659 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~16666654~~54749981 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.~~55000000~~96916654 0.00000000 1000.00000000 M8 0.00000000 0.00000000 34.~~62500000~~05166684 0.00000000 1000.00000000 M9 0.00000000 0.00000000 4.~~14166680~~62000000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 56.~~43333362~~04083362 0.00000000 1000.00000000 B2 0.00000000 0.00000000 56.~~43333315~~04083329 0.00000000 1000.00000000 B3 0.00000000 0.00000000 56.~~43333333~~04083333 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~268~~228.~~10048195~~48542702 0.00000000 999.98428620 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 4966,~~364~~663,~~694~~539.4097 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~570~~948,~~295~~431.9616 Total Deposits 4967,~~934~~611,~~990~~971.3613 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~512~~501,~~658~~211.5177 Payment of Interest and Principal 4967,~~422~~110,~~331~~759.8536 Total Withdrawals (Pool Distribution Amount) 4967,~~934~~611,~~990~~971.3613 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~490~~479,~~873~~916.8180 Credit Risk Manager Fee 21,~~784~~294.7097 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~512~~501,~~658~~211.5177

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Class A1 Reserve Fund 0.00 0.00 0.00 0.00 Class A2 Reserve Fund 0.00 0.00 0.00 0.00 Class A3 Reserve Fund 0.00 0.00 0.00 0.00 Class MB Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 025,043.0024 025,043.0024 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT ~~DELINQUENCY STATUS~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 914 50 0 14 1,~~312~~970,~~930~~431.5845 ~~1,265,751~~0.5400 0.00 21,~~578~~970,~~682~~431.1245 30 Days 6103 02 019 0 6124 120,~~107~~309,~~377~~031.5246 0188,916.0052 03,291,167.0061 0.00 123,~~107~~789,~~377~~115.5259 60 Days 336 01 07 0 3314 71,~~840~~371,~~959~~323.8140 0129,416.0025 01,347,407.0071 0.00 72,~~840~~848,~~959~~147.8136 90 Days 53 0 03 0 56 1476,~~112,663~~140.7135 0.00 0562,232.0092 0.00 1,~~112~~038,~~663~~373.7127 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 44112 917 529 0 58158 1022,~~061~~156,~~001~~495.0421 12,~~312~~288,~~930~~764.5822 15,~~265~~200,~~751~~808.5424 0.00 1229,~~639~~646,~~683~~067.1667 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~098652~~157729% 0.~~054807~~000000% 0.000000% 0.~~153458~~157729% 0.~~077043~~119607% 0.~~074275~~000000% 0.000000% 0.~~151318~~119607% 30 Days 01.~~065768~~160433% 0.~~000000~~022533% 0.~~000000~~214060% 0.000000% 01.~~065768~~397026% 01.~~064981~~232778% 0.~~000000~~011467% 0.~~000000~~199777% 0.000000% 01.~~064981~~444023% 60 Days 0.~~361723~~067598% 0.~~000000~~011266% 0.~~000000~~078864% 0.000000% 0.~~361723~~157729% 0.~~460109~~083241% 0.~~000000~~007856% 0.~~000000~~081789% 0.000000% 0.~~460109~~172885% 90 Days 0.~~054807~~033799% 0.000000% 0.~~000000~~033799% 0.000000% 0.~~054807~~067598% 0.~~065291~~028902% 0.000000% 0.~~000000~~034128% 0.000000% 0.~~065291~~063030% 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 01.~~482297~~261830% 0.~~098652~~191528% 0.~~054807~~326724% 0.000000% 01.~~635756~~780081% 01.~~590381~~344921% 0.~~077043~~138930% 0.~~074275~~315694% 0.000000% 01.~~741699~~799546%

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 79,~~764~~704.5474 0.00 0.00 79,~~764~~704.5474 30 Days 01 0 0 0 01 051,137.0008 0.00 0.00 0.00 051,137.0008 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 1 0 0 12 051,137.0008 79,~~764~~704.5474 0.00 0.00 79130,~~764~~841.5482 0-29 Days 0.~~182149~~186220% 0.000000% 0.000000% 0.~~182149~~186220% 0.~~091722~~094305% 0.000000% 0.000000% 0.~~091722~~094305% 30 Days 0.~~000000~~186220% 0.000000% 0.000000% 0.000000% 0.~~000000~~186220% 0.~~000000~~060504% 0.000000% 0.000000% 0.000000% 0.~~000000~~060504% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~186220% 0.~~182149~~186220% 0.000000% 0.000000% 0.~~182149~~372439% 0.~~000000~~060504% 0.~~091722~~094305% 0.000000% 0.000000% 0.~~091722~~154809% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 58 30 0 8 ~~939~~1,~~399~~332,692.0054 ~~296,372~~0.5100 0.00 1,~~235~~332,~~771~~692.5154 30 Days 243 01 09 0 253 ~~596~~7,~~975~~152,555.2653 0127,801.0046 01,200,440.0043 0.00 ~~596~~8,~~975~~480,797.2642 60 Days 13 0 0 0 13 ~~282~~835,~~714~~901.7784 0.00 0.00 0.00 ~~282~~835,~~714~~901.7784 90 Days 01 0 0 0 01 0282,714.0077 0.00 0.00 0.00 0282,714.0077 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 347 59 39 0 1165 ~~879~~8,~~690~~271,172.0314 ~~939~~1,~~399~~460,494.00 ~~296~~1,~~372~~200,440.5143 0.00 210,~~115~~932,~~461~~106.5457 0-29 Days 0.~~144844~~237037% 0.~~086906~~000000% 0.000000% 0.~~231750~~237037% 0.~~163381~~238135% 0.~~051545~~000000% 0.000000% 0.~~214926~~238135% 30 Days 01.~~057937~~274074% 0.~~000000~~029630% 0.~~000000~~266667% 0.000000% 01.~~057937~~570370% 01.~~103826~~278069% 0.~~000000~~022836% 0.~~000000~~214503% 0.000000% 01.~~103826~~515408% 60 Days 0.~~028969~~088889% 0.000000% 0.000000% 0.000000% 0.~~028969~~088889% 0.~~049170~~149365% 0.000000% 0.000000% 0.000000% 0.~~049170~~149365% 90 Days 0.~~000000~~029630% 0.000000% 0.000000% 0.000000% 0.~~000000~~029630% 0.~~000000~~050517% 0.000000% 0.000000% 0.000000% 0.~~000000~~050517% 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 01.~~086906~~392593% 0.~~144844~~266667% 0.~~086906~~266667% 0.000000% 01.~~318656~~925926% 01.~~152996~~477951% 0.~~163381~~260971% 0.~~051545~~214503% 0.000000% 01.~~367922~~953425% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 03 0 0 0 03 0473,941.0092 0.00 0.00 0.00 0473,941.0092 60 Days 10 0 0 0 10 ~~158,669~~0.5500 0.00 0.00 0.00 ~~158,669~~0.5500 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 13 0 0 0 13 ~~158~~473,~~669~~941.5592 0.00 0.00 0.00 ~~158~~473,~~669~~941.5592 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~537634% 0.000000% 0.000000% 0.000000% 0.~~000000~~537634% 0.~~000000~~583898% 0.000000% 0.000000% 0.000000% 0.~~000000~~583898% 60 Days 0.~~176678~~000000% 0.000000% 0.000000% 0.000000% 0.~~176678~~000000% 0.~~193142~~000000% 0.000000% 0.000000% 0.000000% 0.~~193142~~000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~176678~~537634% 0.000000% 0.000000% 0.000000% 0.~~176678~~537634% 0.~~193142~~583898% 0.000000% 0.000000% 0.000000% 0.~~193142~~583898% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 12 10 0 2 61242,~~115~~651.0650 ~~291,324~~0.7600 0.00 ~~352~~242,~~439~~651.8250 30 Days 441 01 05 0 447 ~~510~~7,~~402~~669,083.2617 061,115.0006 0802,955.0085 0.00 ~~510~~8,~~402~~533,154.2608 60 Days 223 01 05 0 229 5535,~~091,461~~421.0856 0129,416.0025 0931,303.0077 0.00 51,~~091~~596,~~461~~141.0858 90 Days 31 0 03 0 34 ~~562~~62,~~232~~400.9200 0.00 0562,232.0092 0.00 ~~562~~624,~~232~~632.92 120 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 2945 14 113 0 3162 68,~~164~~266,~~096~~904.2673 61433,~~115~~182.0681 ~~291~~2,~~324~~296,492.7654 0.00 610,~~516~~996,~~536~~580.08 0-29 Days 0.~~030102~~062267% 0.~~030102~~000000% 0.000000% 0.~~060205~~062267% 0.~~010445~~043104% 0.~~049789~~000000% 0.000000% 0.~~060233~~043104% 30 Days 01.~~120409~~276463% 0.~~000000~~031133% 0.~~000000~~155666% 0.000000% 01.~~120409~~463263% 01.~~087230~~362324% 0.~~000000~~010856% 0.~~000000~~142636% 0.000000% 01.~~087230~~515816% 60 Days 0.~~662252~~093400% 0.~~000000~~031133% 0.~~000000~~155666% 0.000000% 0.~~662252~~280199% 0.~~870151~~095111% 0.~~000000~~022989% 0.~~000000~~165435% 0.000000% 0.~~870151~~283536% 90 Days 0.~~090307~~031133% 0.000000% 0.~~000000~~093400% 0.000000% 0.~~090307~~124533% 0.~~096088~~011085% 0.000000% 0.~~000000~~099874% 0.000000% 0.~~096088~~110959% 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 01.~~872968~~400996% 0.~~030102~~124533% 0.~~030102~~404732% 0.000000% 01.~~933173~~930262% 1.~~053468~~468520% 0.~~010445~~076950% 0.~~049789~~407945% 0.000000% 1.~~113702~~953415% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 12 0 0 12 ~~135~~217,~~190~~920.2493 0.00 0.00 ~~135~~217,~~190~~920.2493 30 Days 02 0 02 0 04 0225,448.0029 0.00 0161,405.0051 0.00 0386,853.0080 60 Days 4 0 0 1 0 41 ~~520,959.40~~ 0.00 0.00 56,910.65 0.00 ~~520~~56,~~959~~910.4065 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 42 12 03 0 57 ~~520~~225,~~959~~448.4029 ~~135~~217,~~190~~920.2493 0218,316.0016 0.00 ~~656~~661,~~149~~685.6438 0-29 Days 0.~~380228~~769231% 0.000000% 0.000000% 0.~~380228~~769231% 0.~~293992~~485013% 0.000000% 0.000000% 0.~~293992~~485013% 30 Days 0.~~000000~~769231% 0.000000% 0.~~000000~~769231% 0.000000% 01.~~000000~~538462% 0.~~000000~~501766% 0.000000% 0.~~000000~~359230% 0.000000% 0.~~000000~~860996% 60 Days 10.~~520913~~000000% 0.000000% 0.~~000000~~384615% 0.000000% 10.~~520913~~384615% 10.~~132906~~000000% 0.000000% 0.~~000000~~126662% 0.000000% 10.~~132906~~126662% 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 10.~~520913~~769231% 0.~~380228~~769231% 01.~~000000~~153846% 0.000000% 12.~~901141~~692308% 10.~~132906~~501766% 0.~~293992~~485013% 0.~~000000~~485893% 0.000000% 1.~~426898~~472672% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 10 0 21 97,461.74 ~~678,054~~0.2700 0.00 ~~775~~97,~~516~~461.0174 30 Days 013 0 03 0 016 04,736,865.0047 0.00 01,126,365.0082 0.00 05,863,231.0029 60 Days 5 0 0 1 0 5 1~~,787,155.01~~ 0.00 0.00 359,193.29 0.00 1359,~~787,155~~193.0129 90 Days 21 0 0 0 21 ~~550~~131,~~430~~025.7958 0.00 0.00 0.00 ~~550~~131,~~430~~025.7958 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 714 1 14 0 919 24,~~337~~867,~~585~~891.8005 97,461.74 ~~678~~1,~~054~~485,559.2711 0.00 36,~~113~~450,~~101~~911.8190 0-29 Days 0.~~102987~~107066% 0.~~102987~~000000% 0.000000% 0.~~205973~~107066% 0.~~029628~~031017% 0.~~206124~~000000% 0.000000% 0.~~235752~~031017% 30 Days 01.~~000000~~391863% 0.000000% 0.~~000000~~321199% 0.000000% 01.~~000000~~713062% 01.~~000000~~507488% 0.000000% 0.~~000000~~358461% 0.000000% 01.~~000000~~865949% 60 Days 0.~~514933~~000000% 0.000000% 0.~~000000~~107066% 0.000000% 0.~~514933~~107066% 0.~~543285~~000000% 0.000000% 0.~~000000~~114312% 0.000000% 0.~~543285~~114312% 90 Days 0.~~205973~~107066% 0.000000% 0.000000% 0.000000% 0.~~205973~~107066% 0.~~167328~~041698% 0.000000% 0.000000% 0.000000% 0.~~167328~~041698% 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 01.~~720906~~498929% 0.~~102987~~107066% 0.~~102987~~428266% 0.000000% 02.~~926880~~034261% 01.~~710612~~549186% 0.~~029628~~031017% 0.~~206124~~472773% 0.000000% 02.~~946365~~052976%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 75190,~~352~~214.6963

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.~~013534~~009976% Weighted Average Net Coupon 6.~~675539~~671926% Weighted Average Pass-Through Rate 6.~~660539~~656926% Weighted Average Maturity(Stepdown Calculation) ~~353~~352 Beginning Scheduled Collateral Loan Count 9,~~291~~123 Number Of Loans Paid In Full ~~168~~247 Ending Scheduled Collateral Loan Count 98,~~123~~876 Beginning Scheduled Collateral Balance 1,~~742~~703,~~775~~597,~~858~~012.4309 Ending Scheduled Collateral Balance 1,~~703~~646,~~597~~885,~~012~~283.0939 Ending Actual Collateral Balance at 2931-~~Apr~~May-2005 1,~~704~~647,~~152~~419,~~957~~509.7839 Monthly P &I Constant 11,~~460~~207,~~171~~247.5220 Special Servicing Fee 0.00 Prepayment Penalties ~~570~~948,~~295~~431.9616 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 1,~~274~~255,~~323~~435.5697 Unscheduled Principal 3755,~~904~~456,~~522~~292.7873 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 17,809,538.18 Overcollateralized Amount 17,809,538.18 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 4,~~774~~094,~~820~~327.8012

Miscellaneous Reporting Cap Carryover Amount 025,043.0024

Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~076044~~071953 7.~~075829~~077154 7.~~228616~~228710 Weighted Average Net Rate 6.~~776044~~771952 6.~~775829~~777154 6.~~911954~~911916 Weighted Average Maturity ~~346~~345 ~~355~~354 ~~345~~344 Beginning Loan Count ~~556~~549 3,~~525~~452 ~~571~~566 Loans Paid In Full 712 7377 58 Ending Loan Count ~~549~~537 3,~~452~~375 ~~566~~558 Beginning Scheduled Balance 8786,~~957~~944,~~240~~942.9256 ~~589~~574,~~980~~820,~~159~~886.2583 82,~~869~~129,~~841~~229.1885 Ending ~~scheduled~~Scheduled Balance 8684,~~944~~501,~~942~~268.5695 ~~574~~559,~~820~~484,~~886~~237.8301 8281,~~129~~147,~~229~~983.8536 Record Date 0405/2931/2005 0405/2931/2005 0405/2931/2005 Principal And Interest Constant ~~602~~596,~~767~~174.1437 3,~~920~~824,~~494~~171.7640 ~~574~~569,~~335~~817.8092 Scheduled Principal 8483,~~109~~782.3728 ~~441~~434,~~662~~091.4864 75,~~140~~077.6059 Unscheduled Principal ~~928~~2,~~188~~359,891.9933 14,~~717~~902,~~609~~558.9418 ~~665~~906,~~470~~168.7390 Scheduled Interest ~~518~~512,~~657~~392.7709 3,~~478~~390,~~832~~079.2876 ~~499~~494,~~195~~740.2033 Servicing Fees 21,~~989~~736.3124 ~~147~~143,~~495~~705.0422 21,~~868~~681.0673 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1,~~099~~086.4781 7,~~374~~185.7526 1,~~035~~026.8762 Pool Insurance Fee 0.00 0.00 0.00 Spread ~~Fee~~ 1 0.00 0.00 0.00 Spread ~~Fee~~ 2 0.00 0.00 0.00 Spread ~~Fee~~ 3 0.00 0.00 0.00 Net Interest ~~495~~489,~~568~~569.9904 3,~~323~~239,~~962~~189.4928 ~~476~~472,~~291~~031.2798 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~761044~~756953 6.~~760829~~762154 6.~~896955~~896916

Group Level Collateral Statement Group 4 5 6 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~055868~~052645 7.~~024453~~024588 6.~~759590~~743599 Weighted Average Net Rate 6.~~678052~~674671 6.~~682077~~682217 6.~~411186~~395283 Weighted Average Maturity ~~354~~353 ~~346~~345 ~~354~~353 Beginning Loan Count 3,~~383~~322 263 ~~993~~971 Loans Paid In Full 61110 03 2237 Ending Loan Count 3,~~322~~212 ~~263~~260 ~~971~~934 Beginning Scheduled Balance ~~597~~584,~~752~~885,~~730~~340.6318 4645,~~018~~971,~~982~~861.7864 ~~338~~328,~~196~~844,~~903~~751.6703 Ending scheduled Balance ~~584~~562,~~885~~711,~~340~~339.1883 4544,~~971~~918,~~861~~611.6493 ~~328~~314,~~844~~121,~~751~~842.0331 Record Date 0405/2931/2005 0405/2931/2005 0405/2931/2005 Principal And Interest Constant 3,~~940~~856,~~501~~319.2390 312,~~911~~905.0962 2,~~109~~047,~~161~~857.5099 Scheduled Principal ~~425~~418,~~780~~829.8052 43,~~529~~794.2848 ~~204~~199,~~101~~860.0346 Unscheduled Principal 1221,~~441~~755,~~609~~170.6583 31,~~591~~009,455.8623 914,~~148~~523,~~051~~048.6126 Scheduled Interest 3,~~514~~437,~~720~~490.4338 269,~~381~~111.8114 1,~~905~~847,~~060~~997.4753 Servicing Fees ~~188~~184,~~200~~226.3607 13,~~129~~116.8217 9895,~~191~~451.2237 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7,~~471~~311.9107 ~~575~~574.2465 4,~~227~~110.4656 Pool Insurance Fee 0.00 0.00 0.00 Spread ~~Fee~~ 1 0.00 0.00 0.00 Spread ~~Fee~~ 2 0.00 0.00 0.00 Spread ~~Fee~~ 3 0.00 0.00 0.00 Net Interest 3,~~319~~245,~~048~~953.1624 255,~~676~~420.7532 1,~~802~~748,~~641~~435.7960 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~663052~~659671 6.~~667077~~667217 6.~~396186~~380283

Group Level Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.~~013534~~009976 Weighted Average Net Rate 6.~~675539~~671926 Weighted Average Maturity ~~353~~352.00 Record Date 0405/2931/2005 Principal And Interest Constant 11,~~460~~207,~~171~~247.5220 Beginning Loan Count 9,~~291~~123 Loans Paid In Full ~~168~~247 Ending Loan Count 98,~~123~~876 Beginning Scheduled Balance 1,~~742~~703,~~775~~597,~~858~~012.4309 Ending Scheduled Balance 1,~~703~~646,~~597~~885,~~012~~283.0939 Scheduled Principal 1,~~274~~255,~~323~~435.5697 Unscheduled Principal 3755,~~904~~456,~~522~~292.7873 Scheduled Interest 109,~~185~~951,~~847~~811.9623 Servicing Fee ~~490~~479,~~873~~916.8180 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 21,~~784~~294.7097 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 9,~~673~~450,~~189~~599.4546 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~660539~~656926

Miscellaneous Reporting Group 1 Group 1 Available Funds 2021,~~225~~788,~~686~~002.8941 Group 2 Available Funds 1727,~~646~~262,~~006~~762.9124 Group 3 Available Funds 1118,~~550~~059,~~638~~994.0673

Group Group

Filing Compare · ABFC Asset-Backed Certificates, Series 2005-HE1