8-K 1 bsl05003_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 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-07 Pooling and Servicing Agreement) (Commission 54-2169441 (State or other File Number) 54-2169442 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 BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-3 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2005-3 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 Mortgage Pass-Through Certificates, Series 2005-3 Trust, relating to the June 27, 2005 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 45/2931/052005 Distribution Date: 56/2527/052005 Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Series 2005-3 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~~ I-A-1 07386HRU7 SEN 5.~~17982~~17848% ~~144~~142,~~803~~314,~~192~~500.9158 ~~625~~614,~~045~~143.7060 ~~2,488,692.33~~ II-A-1 07386HRV5 SEN 5.~~06384~~06818% 5553,~~733~~859,~~578~~768.5614 ~~235~~227,~~188~~475.3793 ~~1,873,810.42~~ II-A-2 07386HRW3 SEN 5.~~06384~~06818% 1,~~610~~556,~~407~~263.0983 6,~~795~~572.7186 ~~54,143.26~~ II-A-3 07386HRX1 SEN 5.~~06384~~06818% 3736,~~515~~254,~~542~~238.8431 ~~158~~153,~~310~~119.6624 ~~1,261,304.53~~ III-A-1 07386HRY9 SEN 5.~~57021~~56624% ~~245~~239,~~125~~775,~~364~~697.5475 1,~~137~~112,~~833~~208.7918 ~~5,349,666.79~~ III-A-2 07386HRZ6 SEN 5.~~57021~~56624% 21,~~917~~438,~~149~~824.0969 ~~101,735.~~99 ~~478~~,~~324~~444.4176 III-A-3 07386HSA0 SEN 5.~~57021~~56624% ~~257~~251,~~144~~532,~~351~~379.4176 1,~~193~~166,~~624~~741.0697 ~~5,611,971.66~~ IV-A-1 07386HSB8 SEN 5.~~40348~~39566% ~~174~~170,~~538~~212,~~176~~789.4439 ~~785~~765,~~927~~341.8769 ~~4,325,387.05~~ IV-A-2 07386HSC6 SEN 5.~~40348~~39566% 15,~~605~~219,~~766~~025.3687 7068,~~271~~430.2055 ~~386,740.49~~ IV-A-3 07386HSN2 SEN 5.~~40348~~39566% ~~165~~161,~~144~~051,~~404~~813.6710 ~~743~~724,~~628~~150.6644 ~~4,092,591.57~~ R 07386HSD4 SEN 0.00000% 0.00 0.00 ~~0.00~~ B-1 07386HSE2 SUB 5.~~42401~~41986% 14,~~789~~787,~~132~~234.0181 66,~~846~~787.9924 ~~1,897.20~~ B-2 07386HSF9 SUB 5.~~42401~~41986% 12,~~941~~939,~~365~~705.4024 58,~~495~~442.0779 ~~1,660.16~~ B-3 07386HSG7 SUB 5.~~42401~~41986% 19,~~102~~100,~~587~~136.1964 86,~~343~~266.8466 ~~2,450.54~~ B-4 07386HSH5 SUB 5.~~42401~~41986% 14,~~790~~788,~~131~~234.8956 66,~~851~~791.5176 ~~1,897.33~~ B-5 07386HSJ1 SUB 5.~~42401~~41986% 8,~~626~~625,~~910~~803.3566 38,~~993~~958.7085 ~~1,106.69~~ B-6 07386HSK8 SUB 5.~~42401~~41986% 9,~~859~~858,~~754~~489.6379 44,~~566~~526.1733 ~~1,264.84~~ B-7 07386HSL6 SUB 5.~~42401~~41986% 6,~~163~~162,~~221~~430.5490 27,~~857~~832.8191 ~~790.64~~ B-8 07386HSM4 SUB 5.~~42401~~41986% 4,931,~~779~~146.0235 22,~~291~~271.6875 ~~632.67~~ Totals 1,~~210~~184,~~342~~408,~~815~~483.9437 5,~~470~~349,~~608~~507.~~78 25,934,332.58~~51

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 3,441,524.23 0.00 ~~142~~138,~~314~~872,~~500~~976.5835 34,~~113~~055,~~738~~667.0383 0.00 II-A-1 1,573,974.46 0.00 5352,~~859~~285,~~768~~793.1467 21,~~108~~801,~~998~~450.7939 0.00 II-A-2 45,479.58 0.00 1,~~556~~510,~~263~~784.8325 6052,~~938~~052.9744 0.00 II-A-3 1,059,478.11 0.00 3635,~~254~~194,~~238~~760.3120 1,~~419~~212,~~615~~597.1935 0.00 III-A-1 5,260,068.07 0.00 ~~239~~234,~~775~~515,~~697~~629.7567 6,~~487~~372,~~500~~276.5825 0.00 III-A-2 470,313.21 0.00 2120,~~438~~968,~~824~~511.6948 ~~580~~569,~~060~~757.4097 0.00 III-A-3 5,517,979.73 0.00 ~~251~~246,~~532~~014,~~379~~400.7603 6,~~805~~684,~~595~~721.7270 0.00 IV-A-1 4,534,537.01 0.00 ~~170~~165,~~212~~678,~~789~~252.3938 5,~~111~~299,~~314~~878.9270 0.00 IV-A-2 405,440.96 0.00 1514,~~219~~813,~~025~~584.8792 ~~457~~473,~~011~~871.6951 0.00 IV-A-3 4,290,484.93 0.00 ~~161~~156,~~051~~761,~~813~~328.1017 45,~~836~~014,~~220~~635.2337 0.00 R 0.00 0.00 0.00 0.00 0.00 B-1 1,915.62 0.00 14,~~787~~785,~~234~~319.8120 68,~~744~~702.1986 0.00 B-2 1,676.28 0.00 12,~~939~~938,~~705~~028.2496 60,~~155~~119.2307 0.00 B-3 2,474.33 0.00 19,~~100~~097,~~136~~662.6431 88,~~794~~740.3899 0.00 B-4 1,915.75 0.00 14,~~788~~786,~~234~~318.5681 68,~~748~~707.8451 0.00 B-5 1,117.43 0.00 8,~~625~~624,~~803~~686.6623 40,~~100~~076.3928 0.00 B-6 1,277.12 0.00 9,~~858~~857,~~489~~212.7967 45,~~831~~803.0145 0.00 B-7 798.31 0.00 6,~~162~~161,~~430~~632.9058 28,~~648~~631.4522 0.00 B-8 638.81 0.00 4,~~931~~930,~~146~~507.3554 22,~~924~~910.3556 0.00 Totals 26,611,093.94 0.00 1,~~184~~157,~~408~~797,~~483~~389.3742 31,~~404~~960,~~941~~601.3645 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) I-A-1 146,436,000.00 ~~144~~142,~~803~~314,~~192~~500.9158 14,~~958~~542.1863 23,~~473~~426,~~734~~981.1560 0.00 0.00 II-A-1 57,000,000.00 5553,~~733~~859,~~578~~768.5614 87,~~229~~966.8349 1,~~865~~566,~~580~~007.5998 0.00 0.00 II-A-2 1,647,000.00 1,~~610~~556,~~407~~263.0983 ~~237~~230.8019 5345,~~905~~249.4639 0.00 0.00 II-A-3 38,368,000.00 3736,~~515~~254,~~542~~238.8431 5,~~539~~362.6942 1,~~255~~054,~~764~~115.8469 0.00 0.00 III-A-1 250,000,000.00 ~~245~~239,~~125~~775,~~364~~697.5475 30,~~943~~347.0431 5,~~318~~229,~~723~~720.7576 0.00 0.00 III-A-2 22,353,000.00 21,~~917~~438,~~149~~824.0969 2,~~766~~713.6841 ~~475~~467,~~557~~599.7379 0.00 0.00 III-A-3 262,258,000.00 ~~257~~251,~~144~~532,~~351~~379.4176 3231,~~460~~835.2430 5,~~579~~486,~~511~~144.4243 0.00 0.00 IV-A-1 178,500,000.00 ~~174~~170,~~538~~212,~~176~~789.4439 23,~~771~~838.0281 4,~~301~~510,~~616~~698.0320 0.00 0.00 IV-A-2 15,960,000.00 15,~~605~~219,~~766~~025.3687 2,~~125~~131.4147 ~~384~~403,~~615~~309.0849 0.00 0.00 IV-A-3 168,893,000.00 ~~165~~161,~~144~~051,~~404~~813.6710 22,~~491~~555.6579 4,~~070~~267,~~099~~929.9314 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 14,791,000.00 14,~~789~~787,~~132~~234.0181 1,~~897~~915.2062 0.00 0.00 0.00 B-2 12,943,000.00 12,~~941~~939,~~365~~705.4024 1,~~660~~676.1628 0.00 0.00 0.00 B-3 19,105,000.00 19,~~102~~100,~~587~~136.1964 2,~~450~~474.5433 0.00 0.00 0.00 B-4 14,792,000.00 14,~~790~~788,~~131~~234.8956 1,~~897~~915.3375 0.00 0.00 0.00 B-5 8,628,000.00 8,~~626~~625,~~910~~803.3566 1,~~106~~117.6943 0.00 0.00 0.00 B-6 9,861,000.00 9,~~859~~858,~~754~~489.6379 1,~~264~~277.8412 0.00 0.00 0.00 B-7 6,164,000.00 6,~~163~~162,~~221~~430.5490 ~~790~~798.6431 0.00 0.00 0.00 B-8 4,932,402.00 4,931,~~779~~146.0235 ~~632~~638.6781 0.00 0.00 0.00 Totals 1,232,631,502.00 1,~~210~~184,~~342~~408,~~815~~483.9437 ~~155~~153,~~223~~337.6147 2526,~~779~~457,~~108~~756.9847 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 I-A-1 23,~~488~~441,~~692~~524.3323 ~~142~~138,~~314~~872,~~500~~976.5835 0.~~97185460~~94835270 23,~~488~~441,~~692~~524.3323 II-A-1 1,~~873~~573,~~810~~974.4246 5352,~~859~~285,~~768~~793.1467 0.~~94490821~~91729463 1,~~873~~573,~~810~~974.4246 II-A-2 5445,~~143~~479.2658 1,~~556~~510,~~263~~784.8325 0.~~94490821~~91729463 5445,~~143~~479.2658 II-A-3 1,~~261~~059,~~304~~478.5311 3635,~~254~~194,~~238~~760.3120 0.~~94490821~~91729463 1,~~261~~059,~~304~~478.5311 III-A-1 5,~~349~~260,~~666~~068.7907 ~~239~~234,~~775~~515,~~697~~629.7567 0.~~95910279~~93806252 5,~~349~~260,~~666~~068.7907 III-A-2 ~~478~~470,~~324~~313.41 21 20,~~438~~968,~~824~~511.6948 0.~~95910279~~93806252 ~~478~~470,~~324~~313.4121 III-A-3 5,~~611~~517,~~971~~979.6673 ~~251~~246,~~532~~014,~~379~~400.7603 0.~~95910279~~93806252 5,~~611~~517,~~971~~979.6673 IV-A-1 4,~~325~~534,~~387~~537.0501 ~~170~~165,~~212~~678,~~789~~252.3938 0.~~95357305~~92816948 4,~~325~~534,~~387~~537.0501 IV-A-2 ~~386~~405,~~740~~440.4996 1514,~~219~~813,~~025~~584.8792 0.~~95357305~~92816948 ~~386~~405,~~740~~440.4996 IV-A-3 4,~~092~~290,~~591~~484.5793 ~~161~~156,~~051~~761,~~813~~328.1017 0.~~95357305~~92816948 4,~~092~~290,~~591~~484.5793 R 0.00 0.00 0.00000000 0.00 B-1 1,~~897~~915.2062 14,~~787~~785,~~234~~319.8120 0.~~99974544~~99961593 1,~~897~~915.2062 B-2 1,~~660~~676.1628 12,~~939~~938,~~705~~028.2496 0.~~99974544~~99961593 1,~~660~~676.1628 B-3 2,~~450~~474.5433 19,~~100~~097,~~136~~662.6431 0.~~99974544~~99961593 2,~~450~~474.5433 B-4 1,~~897~~915.3375 14,~~788~~786,~~234~~318.5681 0.~~99974544~~99961593 1,~~897~~915.3375 B-5 1,~~106~~117.6943 8,~~625~~624,~~803~~686.6623 0.~~99974544~~99961593 1,~~106~~117.6943 B-6 1,~~264~~277.8412 9,~~858~~857,~~489~~212.7967 0.~~99974544~~99961593 1,~~264~~277.8412 B-7 ~~790~~798.6431 6,~~162~~161,~~430~~632.9058 0.~~99974544~~99961593 ~~790~~798.6431 B-8 ~~632~~638.6781 4,~~931~~930,~~146~~507.3554 0.~~99974543~~99961592 ~~632~~638.6781 Totals 2526,~~934~~611,~~332~~093.5894 1,~~184~~157,~~408~~797,~~483~~389.3742 0.~~96087799~~93928914 2526,~~934~~611,~~332~~093.5894

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 146,436,000.00 ~~988~~971.~~84968799~~85460256 0.~~10214824~~09931048 1623.~~89293719~~40258953 0.00000000 II-A-1 57,000,000.00 ~~977~~944.~~78208000~~90821298 0.~~14438298~~13976298 3227.~~72948404~~47382421 0.00000000 II-A-2 1,647,000.00 ~~977~~944.~~78208257~~90821494 0.~~14438373~~13976321 3227.~~72948391~~47382514 0.00000000 II-A-3 38,368,000.00 ~~977~~944.~~78207986~~90821283 0.~~14438308~~13976282 3227.~~72948394~~47382428 0.00000000 III-A-1 250,000,000.00 ~~980~~959.~~50145816~~10279100 0.~~12377216~~12138924 2120.~~27489500~~91888304 0.00000000 III-A-2 22,353,000.00 ~~980~~959.~~50145797~~10279112 0.~~12377220~~12138908 2120.~~27489509~~91888292 0.00000000 III-A-3 262,258,000.00 ~~980~~959.~~50145814~~10279099 0.~~12377216~~12138924 2120.~~27489503~~91888305 0.00000000 IV-A-1 178,500,000.00 ~~977~~953.~~80491003~~57304980 0.~~13317098~~13355076 2425.~~09868924~~27001793 0.00000000 IV-A-2 15,960,000.00 ~~977~~953.~~80490977~~57304950 0.~~13317105~~13355075 2425.~~09868922~~27001817 0.00000000 IV-A-3 168,893,000.00 ~~977~~953.~~80491003~~57304980 0.~~13317100~~13355077 2425.~~09868929~~27001794 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,791,000.00 999.~~87370766~~74544047 0.~~12826719~~12951254 0.00000000 0.00000000 B-2 12,943,000.00 999.~~87370780~~74544078 0.~~12826702~~12951248 0.00000000 0.00000000 B-3 19,105,000.00 999.~~87370793~~74544046 0.~~12826695~~12951217 0.00000000 0.00000000 B-4 14,792,000.00 999.~~87370809~~74544078 0.~~12826731~~12951257 0.00000000 0.00000000 B-5 8,628,000.00 999.~~87370770~~74544043 0.~~12826727~~12951205 0.00000000 0.00000000 B-6 9,861,000.00 999.~~87370753~~74544062 0.~~12826691~~12951222 0.00000000 0.00000000 B-7 6,164,000.00 999.~~87370863~~74544127 0.~~12826736~~12951168 0.00000000 0.00000000 B-8 4,932,402.00 999.~~87369643~~74542829 0.~~12826813~~12951296 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 I-A-1 0.00000000 1623.~~99508543~~50190001 ~~971~~948.~~85460256~~35270255 0.~~97185460~~94835270 1623.~~99508543~~50190001 II-A-1 0.00000000 3227.~~87386702~~61358702 ~~944~~917.~~90821298~~29462579 0.~~94490821~~91729463 3227.~~87386702~~61358702 II-A-2 0.00000000 3227.~~87386764~~61358834 ~~944~~917.~~90821494~~29462659 0.~~94490821~~91729463 3227.~~87386764~~61358834 II-A-3 0.00000000 3227.~~87386702~~61358710 ~~944~~917.~~90821283~~29462573 0.~~94490821~~91729463 3227.~~87386702~~61358710 III-A-1 0.00000000 21.~~39866716~~04027228 ~~959~~938.~~10279100~~06251868 0.~~95910279~~93806252 21.~~39866716~~04027228 III-A-2 0.00000000 21.~~39866729~~04027245 ~~959~~938.~~10279112~~06251868 0.~~95910279~~93806252 21.~~39866729~~04027245 III-A-3 0.00000000 21.~~39866719~~04027229 ~~959~~938.~~10279099~~06251870 0.~~95910279~~93806252 21.~~39866719~~04027229 IV-A-1 0.00000000 2425.~~23186022~~40356868 ~~953~~928.~~57304980~~16948112 0.~~95357305~~92816948 2425.~~23186022~~40356868 IV-A-2 0.00000000 2425.~~23186028~~40356892 ~~953~~928.~~57304950~~16948120 0.~~95357305~~92816948 2425.~~23186028~~40356892 IV-A-3 0.00000000 2425.~~23186023~~40356871 ~~953~~928.~~57304980~~16948109 0.~~95357305~~92816948 2425.~~23186023~~40356871 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~12826719~~12951254 999.~~74544047~~61592861 0.~~99974544~~99961593 0.~~12826719~~12951254 B-2 0.00000000 0.~~12826702~~12951248 999.~~74544078~~61592830 0.~~99974544~~99961593 0.~~12826702~~12951248 B-3 0.00000000 0.~~12826695~~12951217 999.~~74544046~~61592829 0.~~99974544~~99961593 0.~~12826695~~12951217 B-4 0.00000000 0.~~12826731~~12951257 999.~~74544078~~61592820 0.~~99974544~~99961593 0.~~12826731~~12951257 B-5 0.00000000 0.~~12826727~~12951205 999.~~74544043~~61592837 0.~~99974544~~99961593 0.~~12826727~~12951205 B-6 0.00000000 0.~~12826691~~12951222 999.~~74544062~~61592840 0.~~99974544~~99961593 0.~~12826691~~12951222 B-7 0.00000000 0.~~12826736~~12951168 999.~~74544127~~61592797 0.~~99974544~~99961593 0.~~12826736~~12951168 B-8 0.00000000 0.~~12826813~~12951296 999.~~74542829~~61591533 0.~~99974543~~99961592 0.~~12826813~~12951296 (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 I-A-1 146,436,000.00 5.~~17982~~17848% ~~144~~142,~~803~~314,~~192~~500.9158 ~~625~~614,~~045~~143.7060 0.00 0.00 II-A-1 57,000,000.00 5.~~06384~~06818% 5553,~~733~~859,~~578~~768.5614 ~~235~~227,~~188~~475.3793 0.00 0.00 II-A-2 1,647,000.00 5.~~06384~~06818% 1,~~610~~556,~~407~~263.0983 6,~~795~~572.7186 0.00 0.00 II-A-3 38,368,000.00 5.~~06384~~06818% 3736,~~515~~254,~~542~~238.8431 ~~158~~153,~~310~~119.6624 0.00 0.00 III-A-1 250,000,000.00 5.~~57021~~56624% ~~245~~239,~~125~~775,~~364~~697.5475 1,~~137~~112,~~833~~208.7918 0.00 0.00 III-A-2 22,353,000.00 5.~~57021~~56624% 21,~~917~~438,~~149~~824.0969 ~~101~~99,~~735~~444.9976 0.00 0.00 III-A-3 262,258,000.00 5.~~57021~~56624% ~~257~~251,~~144~~532,~~351~~379.4176 1,~~193~~166,~~624~~741.0697 0.00 0.00 IV-A-1 178,500,000.00 5.~~40348~~39566% ~~174~~170,~~538~~212,~~176~~789.4439 ~~785~~765,~~927~~341.8769 0.00 0.00 IV-A-2 15,960,000.00 5.~~40348~~39566% 15,~~605~~219,~~766~~025.3687 7068,~~271~~430.2055 0.00 0.00 IV-A-3 168,893,000.00 5.~~40348~~39566% ~~165~~161,~~144~~051,~~404~~813.6710 ~~743~~724,~~628~~150.6644 0.00 0.00 R 100.00 0.00000% 0.00 0.00 0.00 0.00 B-1 14,791,000.00 5.~~42401~~41986% 14,~~789~~787,~~132~~234.0181 66,~~846~~787.9924 0.00 0.00 B-2 12,943,000.00 5.~~42401~~41986% 12,~~941~~939,~~365~~705.4024 58,~~495~~442.0779 0.00 0.00 B-3 19,105,000.00 5.~~42401~~41986% 19,~~102~~100,~~587~~136.1964 86,~~343~~266.8466 0.00 0.00 B-4 14,792,000.00 5.~~42401~~41986% 14,~~790~~788,~~131~~234.8956 66,~~851~~791.5176 0.00 0.00 B-5 8,628,000.00 5.~~42401~~41986% 8,~~626~~625,~~910~~803.3566 38,~~993~~958.7085 0.00 0.00 B-6 9,861,000.00 5.~~42401~~41986% 9,~~859~~858,~~754~~489.6379 44,~~566~~526.1733 0.00 0.00 B-7 6,164,000.00 5.~~42401~~41986% 6,~~163~~162,~~221~~430.5490 27,~~857~~832.8191 0.00 0.00 B-8 4,932,402.00 5.~~42401~~41986% 4,931,~~779~~146.0235 22,~~291~~271.6875 0.00 0.00 Totals 1,232,631,502.00 5,~~470~~349,~~608~~507.7851 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 I-A-1 0.00 0.00 ~~625~~614,~~045~~143.7060 0.00 ~~142~~138,~~314~~872,~~500~~976.5835 II-A-1 0.00 0.00 ~~235~~227,~~188~~475.3793 0.00 5352,~~859~~285,~~768~~793.1467 II-A-2 0.00 0.00 6,~~795~~572.7186 0.00 1,~~556~~510,~~263~~784.8325 II-A-3 0.00 0.00 ~~158~~153,~~310~~119.6624 0.00 3635,~~254~~194,~~238~~760.3120 III-A-1 0.00 0.00 1,~~137~~112,~~833~~208.7918 0.00 ~~239~~234,~~775~~515,~~697~~629.7567 III-A-2 0.00 0.00 ~~101~~99,~~735~~444.9976 0.00 2120,~~438~~968,~~824~~511.6948 III-A-3 0.00 0.00 1,~~193~~166,~~624~~741.0697 0.00 ~~251~~246,~~532~~014,~~379~~400.7603 IV-A-1 0.00 0.00 ~~785~~765,~~927~~341.8769 0.00 ~~170~~165,~~212~~678,~~789~~252.3938 IV-A-2 0.00 0.00 7068,~~271~~430.2055 0.00 1514,~~219~~813,~~025~~584.8792 IV-A-3 0.00 0.00 ~~743~~724,~~628~~150.6644 0.00 ~~161~~156,~~051~~761,~~813~~328.1017 R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 66,~~846~~787.9924 0.00 14,~~787~~785,~~234~~319.8120 B-2 0.00 0.00 58,~~495~~442.0779 0.00 12,~~939~~938,~~705~~028.2496 B-3 0.00 0.00 86,~~343~~266.8466 0.00 19,~~100~~097,~~136~~662.6431 B-4 0.00 0.00 66,~~851~~791.5176 0.00 14,~~788~~786,~~234~~318.5681 B-5 0.00 0.00 38,~~993~~958.7085 0.00 8,~~625~~624,~~803~~686.6623 B-6 0.00 0.00 44,~~566~~526.1733 0.00 9,~~858~~857,~~489~~212.7967 B-7 0.00 0.00 27,~~857~~832.8191 0.00 6,~~162~~161,~~430~~632.9058 B-8 0.00 0.00 22,~~291~~271.6875 0.00 4,~~931~~930,~~146~~507.3554 Totals 0.00 0.00 5,~~470~~349,~~608~~507.7851 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 I-A-1 146,436,000.00 5.~~17982~~17848% ~~988~~971.~~84968799~~85460256 4.~~26838824~~19393865 0.00000000 0.00000000 II-A-1 57,000,000.00 5.~~06384~~06818% ~~977~~944.~~78208000~~90821298 43.~~12611175~~99080579 0.00000000 0.00000000 II-A-2 1,647,000.00 5.~~06384~~06818% ~~977~~944.~~78208257~~90821494 43.~~12611415~~99080753 0.00000000 0.00000000 II-A-3 38,368,000.00 5.~~06384~~06818% ~~977~~944.~~78207986~~90821283 43.~~12611186~~99080588 0.00000000 0.00000000 III-A-1 250,000,000.00 5.~~57021~~56624% ~~980~~959.~~50145816~~10279100 4.~~55133516~~44883272 0.00000000 0.00000000 III-A-2 22,353,000.00 5.~~57021~~56624% ~~980~~959.~~50145797~~10279112 4.~~55133494~~44883282 0.00000000 0.00000000 III-A-3 262,258,000.00 5.~~57021~~56624% ~~980~~959.~~50145814~~10279099 4.~~55133517~~44883271 0.00000000 0.00000000 IV-A-1 178,500,000.00 5.~~40348~~39566% ~~977~~953.~~80491003~~57304980 4.~~40295725~~28762852 0.00000000 0.00000000 IV-A-2 15,960,000.00 5.~~40348~~39566% ~~977~~953.~~80490977~~57304950 4.~~40295739~~28762845 0.00000000 0.00000000 IV-A-3 168,893,000.00 5.~~40348~~39566% ~~977~~953.~~80491003~~57304980 4.~~40295726~~28762850 0.00000000 0.00000000 R 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,791,000.00 5.~~42401~~41986% 999.~~87370766~~74544047 4.~~51943682~~51539720 0.00000000 0.00000000 B-2 12,943,000.00 5.~~42401~~41986% 999.~~87370780~~74544078 4.~~51943676~~51539751 0.00000000 0.00000000 B-3 19,105,000.00 5.~~42401~~41986% 999.~~87370793~~74544046 4.~~51943680~~51539702 0.00000000 0.00000000 B-4 14,792,000.00 5.~~42401~~41986% 999.~~87370809~~74544078 4.~~51943686~~51539751 0.00000000 0.00000000 B-5 8,628,000.00 5.~~42401~~41986% 999.~~87370770~~74544043 4.~~51943672~~51539754 0.00000000 0.00000000 B-6 9,861,000.00 5.~~42401~~41986% 999.~~87370753~~74544062 4.~~51943718~~51539702 0.00000000 0.00000000 B-7 6,164,000.00 5.~~42401~~41986% 999.~~87370863~~74544127 4.~~51943705~~51539747 0.00000000 0.00000000 B-8 4,932,402.00 5.~~42401~~41986% 999.~~87369643~~74542829 4.~~51943698~~51539635 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 I-A-1 0.00000000 0.00000000 4.~~26838824~~19393865 0.00000000 ~~971~~948.~~85460256~~35270255 II-A-1 0.00000000 0.00000000 43.~~12611175~~99080579 0.00000000 ~~944~~917.~~90821298~~29462579 II-A-2 0.00000000 0.00000000 43.~~12611415~~99080753 0.00000000 ~~944~~917.~~90821494~~29462659 II-A-3 0.00000000 0.00000000 43.~~12611186~~99080588 0.00000000 ~~944~~917.~~90821283~~29462573 III-A-1 0.00000000 0.00000000 4.~~55133516~~44883272 0.00000000 ~~959~~938.~~10279100~~06251868 III-A-2 0.00000000 0.00000000 4.~~55133494~~44883282 0.00000000 ~~959~~938.~~10279112~~06251868 III-A-3 0.00000000 0.00000000 4.~~55133517~~44883271 0.00000000 ~~959~~938.~~10279099~~06251870 IV-A-1 0.00000000 0.00000000 4.~~40295725~~28762852 0.00000000 ~~953~~928.~~57304980~~16948112 IV-A-2 0.00000000 0.00000000 4.~~40295739~~28762845 0.00000000 ~~953~~928.~~57304950~~16948120 IV-A-3 0.00000000 0.00000000 4.~~40295726~~28762850 0.00000000 ~~953~~928.~~57304980~~16948109 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~51943682~~51539720 0.00000000 999.~~74544047~~61592861 B-2 0.00000000 0.00000000 4.~~51943676~~51539751 0.00000000 999.~~74544078~~61592830 B-3 0.00000000 0.00000000 4.~~51943680~~51539702 0.00000000 999.~~74544046~~61592829 B-4 0.00000000 0.00000000 4.~~51943686~~51539751 0.00000000 999.~~74544078~~61592820 B-5 0.00000000 0.00000000 4.~~51943672~~51539754 0.00000000 999.~~74544043~~61592837 B-6 0.00000000 0.00000000 4.~~51943718~~51539702 0.00000000 999.~~74544062~~61592840 B-7 0.00000000 0.00000000 4.~~51943705~~51539747 0.00000000 999.~~74544127~~61592797 B-8 0.00000000 0.00000000 4.~~51943698~~51539635 0.00000000 999.~~74542829~~61591533 (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 3132,~~812~~211,~~110~~878.1235 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 21131,~~676~~171.9281 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3132,~~833~~343,~~787~~050.0416 Withdrawals Reimbursement for Servicer Advances 8921,~~902~~676.8192 Payment of Service Fee ~~368~~360,~~780~~771.8579 Payment of Interest and Principal 31,~~404~~960,~~941~~601.3645 Total Withdrawals (Pool Distribution Amount) 3132,~~863~~343,~~625~~050.0216 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~338~~331,~~942~~401.8733 Additional Servicing Fee 29,~~837~~370.9846 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~368~~360,~~780~~771.8579

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 090 01 0 0 091 020,055,501.0053 0137,600.00 0.00 0.00 020,193,101.0053 60 Days 1219 0 0 0 1219 3,~~359~~999,~~410~~251.8990 0.00 0.00 0.00 3,~~359~~999,~~410~~251.8990 90 Days 25 0 0 0 25 ~~732~~1,~~000~~315,614.0096 0.00 0.00 0.00 ~~732~~1,~~000~~315,614.0096 120 Days 01 0 01 0 02 0360,000.00 0.00 0372,000.00 0.00 0732,000.00 150 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 14115 01 01 0 14117 425,~~091~~730,~~410~~368.8939 0137,600.00 0372,000.00 0.00 426,~~091~~239,~~410~~968.8939 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~900739% 0.~~000000~~021119% 0.000000% 0.000000% 01.~~000000~~921859% 01.~~000000~~732037% 0.~~000000~~011883% 0.000000% 0.000000% 01.~~000000~~743921% 60 Days 0.~~248396~~401267% 0.000000% 0.000000% 0.000000% 0.~~248396~~401267% 0.~~283608~~345384% 0.000000% 0.000000% 0.000000% 0.~~283608~~345384% 90 Days 0.~~041399~~105597% 0.000000% 0.000000% 0.000000% 0.~~041399~~105597% 0.~~061797~~113619% 0.000000% 0.000000% 0.000000% 0.~~061797~~113619% 120 Days 0.~~000000~~021119% 0.000000% 0.~~000000~~021119% 0.000000% 0.~~000000~~042239% 0.~~000000~~031090% 0.000000% 0.~~000000~~032127% 0.000000% 0.~~000000~~063217% 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 02.~~289795~~428722% 0.~~000000~~021119% 0.~~000000~~021119% 0.000000% 02.~~289795~~470961% 02.~~345405~~222131% 0.~~000000~~011883% 0.~~000000~~032127% 0.000000% 02.~~345405~~266141%

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 016 0 0 0 016 03,252,487.00 0.00 0.00 0.00 03,252,487.00 60 Days 23 0 0 0 23 ~~464~~608,~~023~~595.8600 0.00 0.00 0.00 ~~464~~608,~~023~~595.8600 90 Days 01 0 0 0 01 0229,816.00 0.00 0.00 0.00 0229,816.00 120 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 220 0 0 0 220 ~~464~~4,~~023~~090,898.8600 0.00 0.00 0.00 ~~464~~4,~~023~~090,898.8600 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~102497% 0.000000% 0.000000% 0.000000% 02.~~000000~~102497% 02.~~000000~~159923% 0.000000% 0.000000% 0.000000% 02.~~000000~~159923% 60 Days 0.~~257400~~394218% 0.000000% 0.000000% 0.000000% 0.~~257400~~394218% 0.~~301262~~404158% 0.000000% 0.000000% 0.000000% 0.~~301262~~404158% 90 Days 0.~~000000~~131406% 0.000000% 0.000000% 0.000000% 0.~~000000~~131406% 0.~~000000~~152617% 0.000000% 0.000000% 0.000000% 0.~~000000~~152617% 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 02.~~257400~~628121% 0.000000% 0.000000% 0.000000% 02.~~257400~~628121% 02.~~301262~~716698% 0.000000% 0.000000% 0.000000% 02.~~301262~~716698% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 05 0 0 0 05 02,696,907.0090 0.00 0.00 0.00 02,696,907.0090 60 Days 10 0 0 0 10 ~~534,796~~0.0700 0.00 0.00 0.00 ~~534,796~~0.0700 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 15 0 0 0 15 ~~534~~2,~~796~~696,907.0790 0.00 0.00 0.00 ~~534~~2,~~796~~696,907.0790 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~403846% 0.000000% 0.000000% 0.000000% 02.~~000000~~403846% 02.~~000000~~787387% 0.000000% 0.000000% 0.000000% 02.~~000000~~787387% 60 Days 0.~~467290~~000000% 0.000000% 0.000000% 0.000000% 0.~~467290~~000000% 0.~~537840~~000000% 0.000000% 0.000000% 0.000000% 0.~~537840~~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 02.~~467290~~403846% 0.000000% 0.000000% 0.000000% 02.~~467290~~403846% 02.~~537840~~787387% 0.000000% 0.000000% 0.000000% 02.~~537840~~787387% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 059 01 0 0 060 011,138,100.0045 0137,600.00 0.00 0.00 011,275,700.0045 60 Days 616 0 0 0 616 13,~~203~~390,~~471~~656.9490 0.00 0.00 0.00 13,~~203~~390,~~471~~656.9490 90 Days 02 0 0 0 02 0304,679.0094 0.00 0.00 0.00 0304,679.0094 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 677 01 0 0 678 114,~~203~~833,~~471~~437.9429 0137,600.00 0.00 0.00 114,~~203~~971,~~471~~037.9429 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~044352% 0.~~000000~~034650% 0.000000% 0.000000% 02.~~000000~~079002% 02.~~000000~~046476% 0.~~000000~~025282% 0.000000% 0.000000% 02.~~000000~~071758% 60 Days 0.~~204151~~554401% 0.000000% 0.000000% 0.000000% 0.~~204151~~554401% 0.~~216642~~622987% 0.000000% 0.000000% 0.000000% 0.~~216642~~622987% 90 Days 0.~~000000~~069300% 0.000000% 0.000000% 0.000000% 0.~~000000~~069300% 0.~~000000~~055981% 0.000000% 0.000000% 0.000000% 0.~~000000~~055981% 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 02.~~204151~~668053% 0.~~000000~~034650% 0.000000% 0.000000% 02.~~204151~~702703% 02.~~216642~~725444% 0.~~000000~~025282% 0.000000% 0.000000% 02.~~216642~~750726% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 010 0 0 0 010 02,968,006.0018 0.00 0.00 0.00 02,968,006.0018 60 Days 30 0 0 0 30 ~~1,157,119~~0.0200 0.00 0.00 0.00 ~~1,157,119~~0.0200 90 Days 2 0 0 0 2 ~~732~~781,~~000~~119.0002 0.00 0.00 0.00 ~~732~~781,~~000~~119.0002 120 Days 01 0 01 0 02 0360,000.00 0.00 0372,000.00 0.00 0732,000.00 150 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 513 0 01 0 514 14,~~889~~109,~~119~~125.0220 0.00 0372,000.00 0.00 14,~~889~~481,~~119~~125.0220 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~136364% 0.000000% 0.000000% 0.000000% 01.~~000000~~136364% 0.~~000000~~810225% 0.000000% 0.000000% 0.000000% 0.~~000000~~810225% 60 Days 0.~~332963~~000000% 0.000000% 0.000000% 0.000000% 0.~~332963~~000000% 0.~~308110~~000000% 0.000000% 0.000000% 0.000000% 0.~~308110~~000000% 90 Days 0.~~221976~~227273% 0.000000% 0.000000% 0.000000% 0.~~221976~~227273% 0.~~194912~~213235% 0.000000% 0.000000% 0.000000% 0.~~194912~~213235% 120 Days 0.~~000000~~113636% 0.000000% 0.~~000000~~113636% 0.000000% 0.~~000000~~227273% 0.~~000000~~098275% 0.000000% 0.~~000000~~101551% 0.000000% 0.~~000000~~199826% 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.~~554939~~477273% 0.000000% 0.~~000000~~113636% 0.000000% 01.~~554939~~590909% 01.~~503023~~121734% 0.000000% 0.~~000000~~101551% 0.000000% 01.~~503023~~223285%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 21131,~~676~~171.9281

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 1,086,195,502.00 88.12005050% 1,~~042~~018,~~093~~924,~~982~~413.7907 8788.~~98433964~~00541635% 92.~~300529~~124583% 0.000000% Class 2-A-1 1,029,195,502.00 83.49579743% ~~988~~966,~~234~~638,~~214~~619.6540 83.~~43694161~~48944541% 4.~~547398~~515971% 5957.~~061179~~342629% Class 2-A-2 1,027,548,502.00 83.36218086% ~~986~~965,~~677~~127,~~950~~835.8215 83.~~30554574~~35895762% 0.~~131396~~130488% 1.~~706557~~656900% Class 2-A-3 989,180,502.00 80.24949065% ~~950~~929,~~423~~933,~~712~~074.5195 80.~~24458840~~31915458% 3.~~060957~~039803% 3938.~~755426~~598631% Class 3-A-1 739,180,502.00 59.96767897% ~~710~~695,~~648~~417,~~014~~445.7628 60.~~00024694~~06382910% 20.~~244341~~255325% ~~262~~257.~~931606~~196875% Class 3-A-2 716,827,502.00 58.15424162% ~~689~~674,~~209~~448,~~190~~933.0780 58.~~19015988~~25275994% 1.~~810087~~811069% 2322.~~509241~~996487% Class 3-A-3 454,569,502.00 36.87797215% ~~437~~428,~~676~~434,~~810~~533.3177 3637.~~95319786~~00427533% 21.~~236962~~248485% ~~275~~269.~~823668~~807752% Class 4-A-1 276,069,502.00 22.39675861% ~~267~~262,~~464~~756,~~020~~281.9239 22.~~58207575~~69449593% 14.~~371122~~309779% ~~186~~181.~~650784~~701871% Class 4-A-2 260,109,502.00 21.10196775% ~~252~~247,~~244~~942,~~995~~696.0547 21.~~29712836~~41503330% 1.~~284947~~279463% 16.~~688776~~246285% Class 4-A-3 91,216,502.00 7.40014366% 91,~~193,~~181,368.9530 7.~~69947051~~87541664% 13.~~597658~~539617% ~~176~~171.~~605103~~922544% Class R-I 91,216,402.00 7.40013555% 91,~~193,~~181,368.9530 7.~~69947051~~87541664% 0.000000% 0.000000% Class B-1 76,425,402.00 6.20018245% 76,~~405~~396,~~947~~049.1410 6.~~45097939~~59839535% 1.~~248491~~277021% 16.215286% Class B-2 63,482,402.00 5.15015249% 63,~~466~~458,~~241~~020.9014 5.~~35847580~~48092617% 1.~~092504~~117469% 14.189334% Class B-3 44,377,402.00 3.60021644% 44,~~366~~360,~~105~~357.2683 3.~~74584494~~83144393% 1.~~612631~~649482% 20.944698% Class B-4 29,585,402.00 2.40018221% 29,~~577~~574,~~870~~039.7002 2.~~49726941~~55433630% 1.~~248576~~277108% 16.216382% Class B-5 20,957,402.00 1.70021632% 20,~~952~~949,~~067~~352.0479 1.~~76898995~~80941441% 0.~~728279~~744922% 9.458825% Class B-6 11,096,402.00 0.90022054% 11,~~093~~092,~~577~~140.2512 0.~~93663440~~95803810% 0.~~832356~~851376% 10.810556% Class B-7 4,932,402.00 0.40015219% 4,~~931~~930,~~146~~507.3554 0.~~41633832~~42585236% 0.~~520296~~532186% 6.757557% Class B-8 0.00 0.00000000% 0.00 0.00000000% 0.~~416338~~425852% 5.407363% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~789488~~785448% Weighted Average Net Coupon 5.~~453442~~449684% Weighted Average Pass-Through Rate 5.~~423859~~419927% Weighted Average Maturity(Stepdown Calculation ) ~~356~~355 Beginning Scheduled Collateral Loan Count 4,~~921~~831 Number Of Loans Paid In Full 9096 Ending Scheduled Collateral Loan Count 4,~~831~~735 Beginning Scheduled Collateral Balance 1,~~210~~184,~~342~~408,~~815~~483.9537 Ending Scheduled Collateral Balance 1,~~184~~157,~~408~~797,~~483~~389.3743 Ending Actual Collateral Balance at 2931-~~Apr~~May-2005 1,~~184~~157,~~525~~914,~~746~~002.4792 Monthly P &I Constant 5,~~994~~863,~~611~~615.7838 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3031,~~980~~536,~~994~~909.51 Scheduled Principal ~~155~~153,~~223~~337.6048 Unscheduled Principal 2526,~~779~~457,~~108~~756.9846

Miscellaneous Reporting Senior Percentage 92.~~464541~~300529% Senior Percentage Group I 92.~~523199~~403109% Senior Percentage Group II 92.~~445120~~203838% Senior Percentage Group III 92.~~464734~~310439% Senior Percentage Group IV 92.~~445555~~269399% Senior Prepay Percentage 100.000000% Senior Prepay Percentage Group I 100.000000% Senior Prepay Percentage Group II 100.000000% Senior Prepay Percentage Group III 100.000000% Senior Prepay Percentage Group IV 100.000000% Subordinate Percentage 7.~~535459~~699471% Subordinate Percentage Group I 7.~~476801~~596891% Subordinate Percentage Group II 7.~~554880~~796162% Subordinate Percentage Group III 7.~~535266~~689561% Subordinate Percentage Group IV 7.~~554445~~730601% Subordinate Prep. Percentage 0.000000% Subordinate Prep. Percentage Group I 0.000000% Subordinate Prep. Percentage Group II 0.000000% Subordinate Prep. Percentage Group III 0.000000% Subordinate Prep. Percentage Group IV 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~554821~~553475 5.~~438841~~443181 5.~~933985~~929988 Weighted Average Net Rate 5.~~240648~~239947 5.~~149840~~153304 5.~~593251~~589491 Weighted Average Maturity ~~356~~ 355 ~~356~~354 355 Beginning Loan Count ~~789~~777 ~~218~~214 2,~~996~~939 Loans Paid In Full 1216 46 5753 Ending Loan Count ~~777~~761 ~~214~~208 2,~~939~~886 Beginning Scheduled Balance ~~156~~154,~~504~~014,~~741~~840.6959 ~~102~~99,~~611~~421,~~720~~317.4249 ~~566~~555,~~904~~459,~~635~~279.2699 Ending ~~scheduled~~Scheduled Balance ~~154~~150,~~014~~572,~~840~~120.5974 9996,~~421~~741,~~317~~238.4987 ~~555~~544,~~459~~205,~~279~~513.9907 Record Date 0405/2931/2005 0405/2931/2005 0405/2931/2005 Principal And Interest Constant ~~740~~728,~~630~~502.1691 ~~480~~465,~~226~~679.0413 2,~~874~~815,~~898~~190.5693 Scheduled Principal 1615,~~166~~738.9525 1514,~~152~~705.0457 7170,~~562~~301.3793 Unscheduled Principal 23,~~473~~426,~~734~~981.1560 32,~~175~~665,~~250~~373.8905 11,~~373~~183,~~792~~464.9099 Scheduled Interest ~~724~~712,~~463~~764.2166 ~~465~~450,~~074~~973.0056 2,~~803~~744,~~336~~889.1900 Servicing Fees 40,~~974~~239.6495 24,~~712~~016.3967 ~~160~~157,~~969~~610.8134 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,~~933~~889.0969 7,~~353~~052.7849 10,~~883~~761.8751 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 ~~675~~664,~~555~~635.4802 ~~433~~419,~~007~~904.8340 2,~~631~~576,~~482~~517.5115 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~179821~~178475 5.~~063841~~068181 5.~~570212~~566242

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~765528~~757405 5.~~789488~~785448 Weighted Average Net Rate 5.~~414928~~407374 5.~~453442~~449684 Weighted Average Maturity 354 355 ~~356~~ Beginning Loan Count ~~918~~901 4,~~921~~831 Loans Paid In Full 1721 9096 Ending Loan Count ~~901~~880 4,~~831~~735 Beginning Scheduled Balance ~~384~~375,~~321~~513,~~718~~045.5830 1,~~210~~184,~~342~~408,~~815~~483.9537 Ending scheduled Balance ~~375~~366,~~513~~278,~~045~~516.3075 1,~~184~~157,~~408~~797,~~483~~389.3743 Record Date 0405/2931/2005 0405/2931/2005 Principal And Interest Constant 1,~~898~~854,~~857~~242.0241 5,~~994~~863,~~611~~615.7838 Scheduled Principal 52,~~342~~591.2473 ~~155~~153,~~223~~337.6048 Unscheduled Principal 89,~~756~~181,~~331~~936.0482 2526,~~779~~457,~~108~~756.9846 Scheduled Interest 1,~~846~~801,~~514~~650.7868 5,~~839~~710,~~388~~277.1890 Servicing Fees ~~112~~109,~~286~~534.0337 ~~338~~331,~~942~~401.8733 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 3,~~667~~666.2477 29,~~837~~370.9846 Pool Insurance Fee 0.00 0.00 Spread ~~Fee~~ 1 0.00 0.00 Spread ~~Fee~~ 2 0.00 0.00 Spread ~~Fee~~ 3 0.00 0.00 Net Interest 1,~~730~~688,~~561~~449.5154 5,~~470~~349,~~607~~506.3311 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~403478~~395657 5.~~423859~~419927

Filing Compare · STRUCTURED ASSET MORT INV II INC BEAR STEARNS ALT A TR 05 3