8-K 1 nac05s02_10507.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): July 25, 2005 NOMURA ASSET ACCEPTANCE CORPORATION Alternative Loan Trust, Series 2005-S02 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109614-12 Pooling and Servicing Agreement) (Commission 54-2176788 (State or other File Number) 54-2176789 jurisdiction 54-2176790 of Incorporation) IRS EIN C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 July 25, 2005 a distribution was made to holders of NOMURA ASSET ACCEPTANCE CORPORATION, Alternative Loan Trust, Series 2005-S02 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Alternative Loan Trust, Series 2005-S02 Trust, relating to the July 25, 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. NOMURA ASSET ACCEPTANCE CORPORATION Alternative Loan Trust, Series 2005-S02 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/26/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Alternative Loan Trust, Series 2005-S02 Trust, relating to the July 25, 2005 distribution. EX-99.1

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) July 15, 2005
NOMURA ASSET ACCEPTANCE CORP.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation)	333-109614 (Commission File Number)		13-3672336 (IRS Employer ID Number)
2 World Financial Center, Building B New York, New York		10281
(Address of principal executive offices)		(Zip Code)
Registrant’s Telephone Number, including area code:		(212) 667-1888
No Change (Former name or former address, if changed since last report)

~~Check~~Certificateholder ~~the~~Distribution ~~appropriate~~Summary ~~box~~(continued) ~~below~~Current ifEnding ~~the~~Cumulative ~~Form~~Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 3,689,457.69 0.00 125,138,542.31 4,020,282.20 0.00 A-IO 0.00 0.00 0.00 309,164.77 0.00 M-1 0.00 0.00 22,259,000.00 60,696.82 0.00 M-2 0.00 0.00 11,964,000.00 34,438.50 0.00 B-1 0.00 0.00 8,625,000.00 28,813.82 0.00 B-K2 ~~filing~~0.00 is0.00 ~~intended~~2,411,000.00 to9,447.53 ~~simultaneously~~0.00 ~~satisfy~~B-3 0.00 0.00 6,496,141.00 43,307.61 0.00 X-1 0.00 0.00 4,915,619.48 720,773.70 0.00 X-2 0.00 0.00 0.01 0.00 0.00 P 0.00 0.00 0.01 8,044.76 0.00 Totals 3,689,457.69 0.00 181,809,302.81 5,234,969.71 0.00 All distributions required by the ~~filing~~Pooling ~~obligation~~and ofServicing Agreement have been calculated by the ~~registrant~~Certificate ~~under~~Administrator ~~any~~on behalf of the ~~following provisions:~~Trustee.

[Principal ]Distribution ~~Written~~Statement ~~communications~~Original ~~pursuant~~Beginning toScheduled ~~Rule~~Unscheduled ~~425~~Face ~~under~~Certificate ~~the~~Principal ~~Securities~~Principal ~~Act~~Realized ~~(17~~Class ~~CFR~~Amount ~~230.425)~~Balance [Distribution ]Distribution ~~Soliciting~~Accretion ~~material~~Loss ~~pursuant~~(1) toA-1 ~~Rule~~128,828,000.00 ~~14a-12~~128,828,000.00 ~~under~~0.00 ~~the~~3,689,457.69 ~~Exchange~~0.00 ~~Act~~0.00 ~~(17~~A-IO ~~CFR~~0.00 ~~240~~0.~~14a-12)~~00 [0.00 ]0.00 ~~Pre~~0.00 0.00 M-~~commencement~~1 ~~communications~~22,259,000.00 ~~pursuant~~22,259,000.00 to0.00 ~~Rule~~0.00 ~~14d~~0.00 0.00 M-2~~(d)~~ ~~under~~11,964,000.00 ~~the~~11,964,000.00 ~~Exchange~~0.00 ~~Act~~0.00 ~~(17~~0.00 ~~CFR~~0.00 ~~240~~B-1 8,625,000.~~14d~~00 8,625,000.00 0.00 0.00 0.00 0.00 B-2~~(b))~~ [2,411,000.00 ]2,411,000.00 ~~Pre~~0.00 0.00 0.00 0.00 B-~~commencement~~3 ~~communications~~6,496,141.00 ~~pursuant~~6,496,141.00 to0.00 ~~Rule~~0.00 ~~13e~~0.00 0.00 X-1 4,915,619.48 4,915,619.48 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 185,498,860.48 185,498,860.48 0.00 3,689,457.69 0.00 0.00 (c1) ~~under~~Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the ~~Exchange~~Prospectus ~~Act~~Supplement ~~(17~~for ~~CFR~~a ~~240~~Full Description.~~13e-4(c))~~

~~Item~~Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 3,689,457.69 125,138,542.31 0.97136137 3,689,457.69 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 22,259,000.00 1.00000000 0.00 M-2 0.00 11,964,000.00 1.00000000 0.00 B-1 0.00 8,625,000.00 1.00000000 0.00 B-2 0.00 2,411,000.00 1.00000000 0.00 B-3 0.00 6,496,141.00 1.00000000 0.00 X-1 0.00 4,915,619.48 1.00000000 0.00 X-2 0.00 0.01 0.00000000 0.00 P 0.00 0.01 0.00010000 0.00 Totals 3,689,457.69 181,809,302.81 0.98011008 3,689,457.69

~~Other~~Principal ~~Events~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 128,828,000.00 1000.00000000 0.00000000 28.63863205 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 22,259,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 11,964,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 8,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 2,411,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 6,496,141.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-1 4,915,619.48 1000.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

~~Nomura~~Principal ~~Asset~~Distribution ~~Acceptance~~Factors ~~Corporation~~Statement (~~the “Company”~~continued) ~~entered~~Total ~~into~~Ending aEnding ~~Pooling~~Total ~~and~~Realized ~~Servicing~~Principal ~~Agreement~~Certificate ~~dated~~Certificate asPrincipal ofClass ~~June~~Loss ~~1, 2005~~ (~~the “Agreement”~~3) ~~among~~Reduction ~~the~~Balance ~~Nomura~~Percentage ~~Asset~~Distribution ~~Acceptance~~A-1 ~~Corporation,~~0.00000000 as28.63863205 ~~depositor,~~971.36136795 ~~Nomura~~0.97136137 ~~Credit~~28.63863205 &A-IO ~~Capital~~0.00000000 ~~Inc~~0.,00000000 as0.00000000 ~~seller~~0.00000000 ~~(in~~0.00000000 ~~such~~M-1 ~~capacity,~~0.00000000 ~~the~~0.00000000 ~~“Seller”)~~1,000.00000000 ~~HSBC~~1.00000000 ~~Bank~~0.00000000 ~~USA,~~M-2 ~~National~~0.00000000 ~~Association~~0.00000000 1,000.00000000 as1.00000000 ~~trustee~~0.00000000 ~~(the~~B-1 ~~“Trustee”),~~0.00000000 ~~Wells~~0.00000000 ~~Fargo Bank~~1,000.00000000 N1.A00000000 0.,00000000 asB-2 ~~securities~~0.00000000 ~~administrator~~0.00000000 ~~(in such capacity~~1,000.00000000 ~~the~~1.00000000 ~~“Securities~~0.00000000 ~~Administrator”),~~B-3 ~~master~~0.00000000 ~~servicer~~0.00000000 ~~(in~~1,000.00000000 ~~such~~1.00000000 ~~capacity,~~0.00000000 ~~the~~X-1 ~~“Master~~0.00000000 ~~Servicer”)~~0.00000000 ~~and~~1,000.00000000 as1.00000000 ~~custodian~~0.00000000 ~~(in~~X-2 ~~such~~0.00000000 ~~capacity,~~0.00000000 ~~the~~0.00000000 ~~“Custodian”)~~0.00000000 ~~and~~0.00000000 ~~GMAC~~P ~~Mortgage~~0.00000000 ~~Corporation,~~0.00000000 as0.10000000 a0.00010000 ~~servicer~~0.00000000 (~~a “Servicer”~~3) ~~providing~~Amount ~~for~~Does ~~the~~Not ~~issuance~~Include ofExcess ~~the~~Special ~~Nomura Asset Acceptance Corporation~~Hazard, ~~Alternative Loan Trust~~Bankruptcy, ~~Series~~or ~~2005-S2. The~~Fraud ~~Certificates~~Losses ~~were~~Unless ~~issued~~Otherwise ~~on June 29, 2005~~Disclosed. ~~The~~Please ~~Pooling~~Refer ~~and~~to ~~Servicing~~the ~~Agreement~~Prospectus isSupplement ~~annexed~~for ~~hereto~~a asFull ~~Exhibit 99~~Description.1.

~~Item~~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-1 128,828,000.00 3.55563% 128,828,000.00 330,824.51 0.00 0.00 A-IO 0.00 20.00000% 18,549,886.05 309,164.77 0.00 0.00 M-1 22,259,000.00 3.77563% 22,259,000.00 60,696.82 0.00 0.00 M-2 11,964,000.00 3.98563% 11,964,000.00 34,438.50 0.00 0.00 B-1 8,625,000.00 4.62563% 8,625,000.00 28,813.82 0.00 0.00 B-2 2,411,000.00 5.42563% 2,411,000.00 9,447.0153 0. ~~Financial~~00 ~~Statements~~0.00 ~~and~~B-3 ~~Exhibits~~6,496,141.00 8.00000% 6,496,141.00 43,307.61 0.00 0.00 X-1 4,915,619.48 0.00000% 185,498,760.50 0.00 0.00 0.00 X-2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 185,498,860.48 816,693.56 0.00 0.00

Interest Distribution Statement (acontinued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 330,824.51 0.00 125,138,542.31 A-IO 0.00 0.00 309,164.77 0.00 17,931,556.51 M-1 0.00 0.00 60,696.82 0.00 22,259,000.00 M-2 0.00 0.00 34,438.50 0.00 11,964,000.00 B-1 0.00 0.00 28,813.82 0.00 8,625,000.00 B-2 0.00 0.00 9,447.53 0.00 2,411,000.00 B-3 0.00 0.00 43,307.61 0.00 6,496,141.00 X-1 0.00 0.00 720,773.70 0.00 181,809,403.11 X-2 0.00 0.00 0.00 0.00 0.01 P 0.00 0.00 8,044.76 0.00 0.01 Totals 0.00 0.00 1,545,512.02 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.

~~Not~~Interest ~~applicable~~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-1 128,828,000.00 3.55563% 1000.00000000 2.56795503 0.00000000 0.00000000 A-IO 0.00 20.00000% 1000.00000000 16.66666680 0.00000000 0.00000000 M-1 22,259,000.00 3.77563% 1000.00000000 2.72684397 0.00000000 0.00000000 M-2 11,964,000.00 3.98563% 1000.00000000 2.87851053 0.00000000 0.00000000 B-1 8,625,000.00 4.62563% 1000.00000000 3.34073275 0.00000000 0.00000000 B-2 2,411,000.00 5.42563% 1000.00000000 3.91851099 0.00000000 0.00000000 B-3 6,496,141.00 8.00000% 1000.00000000 6.66666718 0.00000000 0.00000000 X-1 4,915,619.48 0.00000% 37736.59886709 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (bcontinued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 2.56795503 0.00000000 971.36136795 A-IO 0.00000000 0.00000000 16.66666680 0.00000000 966.66666640 M-1 0.00000000 0.00000000 2.72684397 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.87851053 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.34073275 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.91851099 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 6.66666718 0.00000000 1000.00000000 X-1 0.00000000 0.00000000 146.62927082 0.00000000 36986.06123800 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 80447.60000000 0.00000000 0.10000000 (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.

~~Not~~CERTIFICATEHOLDER ~~applicable~~ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5,310,399.43 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 8,044.76 Total Deposits 5,318,444.19 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 83,474.49 Payment of Interest and Principal 5,234,969.70 Total Withdrawals (Pool Distribution Amount) 5,318,444.19 Ending Balance 0.00

~~(c)~~PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

~~Exhibits:~~SERVICING FEES Gross Servicing Fee 77,291.19 Credit Risk Management Fee, The Murrayhill Company 2,318.74 MS Fee, Wells Fargo 3,864.56 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 83,474.49

99OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.100 144.08 144.08 0.00

~~The~~LOAN ~~Pooling~~STATUS ~~and~~STRATIFICATION/CREDIT ~~Servicing~~ENHANCEMENT ~~Agreement~~STATEMENT ~~dated~~DELINQUENT asBANKRUPTCY FORECLOSURE REO Total No of ~~June~~Loans 1,No ~~2005,~~of byLoans ~~and~~No ~~among~~of ~~the~~Loans ~~Company,~~No ~~the~~of ~~Seller,~~Loans ~~the~~No ~~Servicer,~~of ~~the~~Loans ~~Securities~~Principal ~~Administrator,~~Balance ~~the~~Principal ~~Master~~Balance ~~Servicer,~~Principal ~~the~~Balance ~~Trustee~~Principal ~~and~~Balance ~~the~~Principal ~~Custodian~~Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

~~SIGNATURES~~OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

~~Pursuant~~SUBORDINATION toLEVEL/CREDIT ~~the~~ENHANCEMENT/CLASS ~~requirements~~PERCENTAGE ofAND ~~the~~PREPAYMENT ~~Securities~~PERCENTAGE ~~Exchange~~Current ~~Act~~Original of$ ~~1934~~Original % Current $ Current % Class% Prepayment% Class M-1 34,411,860.48 ~~the~~18.55099214% ~~registrant~~34,411,760.50 ~~duly~~18.92738214% ~~caused~~12.243041% ~~this~~0.000000% ~~report~~Class toM-2 be22,447,860.48 ~~signed~~12.10135336% on22,447,760.50 ~~its~~12.34686442% ~~behalf~~6.580518% by0.000000% ~~the~~Class ~~undersigned~~B-1 ~~hereunto~~13,822,860.48 ~~duly~~7.45172660% ~~authorized~~13,822,760.50 7.60288536% 4.743979% 0.000000% Class B-2 11,411,860.48 6.15198746% 11,411,760.50 6.27677134% 1.326114% 0.000000% Class B-3 4,915,719.48 2.65000125% 4,915,619.50 2.70372127% 3.573050% 0.000000% Class X-1 100.00 0.00005391% 0.02 0.00000001% 2.703721% 0.000000% Class X-2 100.00 0.00005391% 0.01 0.00000001% 0.000000% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

REO Detail - All Mortgage Loans in REO during Current Period

~~NOMURA~~Summary ~~ASSET~~12 ~~ACCEPTANCE~~Month ~~CORP~~REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~By:~~REO ~~/s/~~Loan ~~John~~Detail P.- ~~Graham~~ All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.

~~Name:~~REO ~~John~~Loan P.Detail ~~Graham~~- All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Title:~~Summary ~~Managing~~12 ~~Director~~Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Dated:~~Foreclosure ~~July~~Loan ~~15,~~Detail ~~2005~~- All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.

~~Exhibit~~Foreclosure ~~Index~~Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period.

~~Exhibit~~COLLATERAL STATEMENT Collateral Description Fixed Weighted Average Gross Coupon 10.485945% Weighted Average Net Coupon 9.985945% Weighted Average Pass-Through Rate 9.945945% Weighted Average Maturity(Stepdown Calculation) 199 Beginning Scheduled Collateral Loan Count 2,967 Number Of Loans Paid In Full 57 Ending Scheduled Collateral Loan Count 2,910 Beginning Scheduled Collateral Balance 185,498,760.50 Ending Scheduled Collateral Balance 181,809,403.11 Ending Actual Collateral Balance at 30-Jun-2005 181,890,057.47 Monthly P&I Constant 1,724,049.48 Special Servicing Fee 0.00 Prepayment Penalties 8,044.76 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 103,107.14 Unscheduled Principal 3,586,350.23

~~Page~~Miscellaneous Reporting Delinquency Event Occurred NO Cumulative Loss Event Occurred NO Overcollateralization Amount 4,915,719.80 OC Increase Amount 0.32 Targeted OC Amount 4,915,719.80 Stepdown Date Occurred NO Trigger Event Occurred NO

99Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Total 57 3,563,089.100 3,526,917.96 0 0.00 0.00

~~The~~Prepayment ~~Pooling~~Detail ~~and~~- ~~Servicing~~Prepayments ~~Agreement~~during ~~dated~~Current asPeriod of(continued) ~~June~~Summary 1,Substitution ~~2005,~~Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Total 0 0.00 0.00 0 0.00 0.00 61,176.14

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0000096138 CA 20.00 01-Nov-2004 118,000.00 117,448.84 Summary 0000097269 NJ 11.53 01-Jan-2005 49,000.00 48,835.99 Summary 0000122091 CA 8.78 01-Feb-2005 43,000.00 42,889.67 Summary 0000126014 VA 15.00 01-Mar-2005 64,850.00 64,713.49 Summary 0000126050 FL 15.00 01-Feb-2005 113,250.00 112,995.30 Summary 0000126062 CA 12.04 01-Nov-2004 56,000.00 55,721.87 Summary 0000126077 NY 10.00 01-Feb-2005 39,000.00 38,832.86 Summary 0000126097 LA 10.00 01-Feb-2005 80,700.00 80,508.48 Summary 0000126195 CA 10.00 01-Mar-2005 35,200.00 35,141.08 Summary 0000126196 CA 15.00 01-Mar-2005 120,000.00 119,750.78 Summary 0000126214 IL 20.00 01-Mar-2005 56,200.00 56,086.38 Summary 0000126308 NY 10.00 01-Mar-2005 32,600.00 32,524.73 Summary 0000127384 RI 10.00 01-Mar-2005 18,900.00 18,839.69 Summary 0000127462 NH 15.00 01-Mar-2005 28,500.00 28,476.31 Summary 0000127463 RI 20.00 01-Mar-2005 49,500.00 49,438.85 Summary 0000136166 VA 20.00 01-Dec-2004 90,000.00 88,931.25 Summary 0000140983 VA 19.19 01-Mar-2005 142,000.00 141,672.06 Summary 0000141406 FL 10.00 01-Apr-2005 28,500.00 28,457.67 Summary 0000141455 AZ 20.00 01-Apr-2005 26,400.00 26,356.32 Summary 0000141460 AZ 22.43 01-Apr-2005 188,000.00 187,588.21 Summary 0000141505 GA 11.63 01-Mar-2005 125,000.00 124,718.89 Summary 0000141578 OH 20.00 01-Mar-2005 33,100.00 33,033.07 Summary 0000141652 VA 19.99 01-Apr-2005 33,200.00 33,151.99 Summary 0000141667 CA 10.00 01-Apr-2005 34,000.00 33,959.40 Summary 0000151690 SC 10.00 01-Apr-2005 10,830.00 10,788.51 Summary 0000151716 IA 15.00 01-Apr-2005 28,275.00 91.71 Summary 0000151741 VA 20.00 01-Apr-2005 112,735.00 112,548.51 Summary 0000151750 IL 20.00 01-Apr-2005 66,000.00 65,904.58 Summary 0000151806 CA 15.00 01-Apr-2005 78,750.00 78,460.36 Summary 0000151817 IL 25.00 01-Apr-2005 137,750.00 137,576.20 Summary 0000151829 FL 24.95 01-Apr-2005 41,150.00 41,096.63 Summary 0000151858 AZ 25.00 01-Apr-2005 52,500.00 52,430.04 Summary 0000151925 MO 20.00 01-May-2005 61,600.00 61,545.10 Summary 0000151995 MA 10.00 01-Apr-2005 43,500.00 43,418.42 Summary 0000152025 FL 14.99 01-Apr-2005 46,200.00 46,154.60 Summary 0000152038 GA 15.00 01-Apr-2005 11,250.00 11,238.34 Summary 0000152056 MO 15.00 01-Apr-2005 24,735.00 24,715.60 Summary 0000152089 CA 20.00 01-Apr-2005 191,914.00 191,691.05 Summary 0000153702 IL 15.00 01-Apr-2005 180,000.00 179,717.75 Summary 0000153767 AZ 20.00 01-Apr-2005 37,200.00 37,146.23 Summary 0000153782 CO 9.99 01-Apr-2005 20,150.00 20,108.16 Summary 0000153812 AZ 15.00 01-Apr-2005 55,055.00 54,930.21 Summary 0000153842 FL 19.99 01-Apr-2005 58,450.00 58,374.19 Summary 0000153895 FL 20.00 01-May-2005 47,000.00 46,949.26 Summary 0000153904 OH 19.98 01-Apr-2005 23,900.00 23,875.17 Summary 0000153924 NY 20.00 01-May-2005 20,200.00 20,175.05 Summary 0000153947 DC 5.27 01-Apr-2005 10,000.00 9,990.96 Summary 0000153949 FL 19.99 01-May-2005 58,850.00 58,752.84 Summary 0000158895 AZ 20.00 01-Apr-2005 53,800.00 53,640.55 Summary 0000158934 AL 30.00 01-Mar-2005 45,000.00 44,890.34 Summary 0000159045 UT 15.00 01-Feb-2005 19,200.00 19,146.60 Summary 0000159140 UT 15.00 01-Jan-2005 21,150.00 21,103.88 Summary 0000159150 AL 20.00 01-Dec-2004 30,000.00 29,901.67 Summary 0000159153 IL 10.00 01-Apr-2005 30,500.00 30,329.35 Summary 0000159422 CA 20.00 01-May-2005 131,995.00 131,877.36 Summary 0000160712 MA 10.00 01-Sep-2004 28,500.00 27,626.63 Summary 0000160763 MA 36.08 01-Nov-2004 180,050.00 178,905.06

byPrepayment ~~and~~Loan ~~among~~Detail ~~the~~- ~~Company,~~Prepayments ~~the~~during ~~Seller,~~Current ~~the~~Period ~~Servicer,~~(continued) ~~the~~Current ~~Securities~~Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0000096138 Loan Paid in Full 0 9.875% 360 8 Summary 0000097269 Loan Paid in Full 0 9.750% 360 6 Summary 0000122091 Loan Paid in Full 0 11.000% 180 5 Summary 0000126014 Loan Paid in Full 0 11.625% 180 4 Summary 0000126050 Loan Paid in Full 0 10.875% 180 5 Summary 0000126062 Loan Paid in Full 0 9.625% 180 8 Summary 0000126077 Loan Paid in Full 0 10.125% 180 5 Summary 0000126097 Loan Paid in Full 0 10.625% 180 5 Summary 0000126195 Loan Paid in Full 0 11.375% 180 4 Summary 0000126196 Loan Paid in Full 0 10.375% 180 4 Summary 0000126214 Loan Paid in Full 0 10.500% 180 4 Summary 0000126308 Loan Paid in Full 0 9.875% 180 4 Summary 0000127384 Loan Paid in Full 0 15.500% 240 4 Summary 0000127462 Loan Paid in Full 0 14.500% 180 4 Summary 0000127463 Loan Paid in Full 0 12.750% 180 4 Summary 0000136166 Loan Paid in Full 0 9.750% 180 7 Summary 0000140983 Loan Paid in Full 0 9.875% 180 4 Summary 0000141406 Loan Paid in Full 0 10.875% 180 3 Summary 0000141455 Loan Paid in Full 0 10.375% 180 3 Summary 0000141460 Loan Paid in Full 0 10.125% 180 3 Summary 0000141505 Loan Paid in Full 0 10.000% 180 4 Summary 0000141578 Loan Paid in Full 0 10.500% 180 4 Summary 0000141652 Loan Paid in Full 0 11.000% 180 3 Summary 0000141667 Loan Paid in Full 0 11.875% 180 3 Summary 0000151690 Loan Paid in Full 0 14.375% 240 3 Summary 0000151716 Loan Paid in Full 0 10.125% 180 3 Summary 0000151741 Loan Paid in Full 0 10.375% 180 3 Summary 0000151750 Loan Paid in Full 0 11.000% 180 3 Summary 0000151806 Loan Paid in Full 0 10.500% 180 3 Summary 0000151817 Loan Paid in Full 0 11.625% 180 3 Summary 0000151829 Loan Paid in Full 0 11.500% 180 3 Summary 0000151858 Loan Paid in Full 0 11.375% 180 3 Summary 0000151925 Loan Paid in Full 0 11.875% 180 2 Summary 0000151995 Loan Paid in Full 0 11.125% 180 3 Summary 0000152025 Loan Paid in Full 0 12.750% 180 3 Summary 0000152038 Loan Paid in Full 0 12.500% 180 3 Summary 0000152056 Loan Paid in Full 0 13.750% 180 3 Summary 0000152089 Loan Paid in Full 0 12.000% 180 3 Summary 0000153702 Loan Paid in Full 0 10.625% 180 3 Summary 0000153767 Loan Paid in Full 0 11.000% 180 3 Summary 0000153782 Loan Paid in Full 0 10.500% 180 3 Summary 0000153812 Loan Paid in Full 0 10.125% 180 3 Summary 0000153842 Loan Paid in Full 0 11.500% 180 3 Summary 0000153895 Loan Paid in Full 0 11.000% 180 2 Summary 0000153904 Loan Paid in Full 0 12.500% 180 3 Summary 0000153924 Loan Paid in Full 0 10.375% 180 2 Summary 0000153947 Loan Paid in Full 0 13.125% 180 3 Summary 0000153949 Loan Paid in Full 0 9.000% 180 2 Summary 0000158895 Loan Paid in Full 0 11.750% 360 3 Summary 0000158934 Loan Paid in Full 0 10.500% 360 4 Summary 0000159045 Loan Paid in Full 0 9.875% 180 5 Summary 0000159140 Loan Paid in Full 0 11.750% 360 6 Summary 0000159150 Loan Paid in Full 0 10.500% 360 7 Summary 0000159153 Loan Paid in Full 0 9.625% 240 3 Summary 0000159422 Loan Paid in Full 0 11.875% 180 2 Summary 0000160712 Loan Paid in Full 0 7.500% 180 10 Summary 0000160763 Loan Paid in Full 0 7.875% 180 8

Prepayment - Voluntary Prepayments

~~Administrator~~Summary SMM CPR PSA Current Month 1.934% Current Month 20.896% Current Month 2,921.681% ~~the~~3 ~~Master~~Month ~~Servicer~~Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 20.896% N/A Jul-2005 2,921.681% N/A *The text reported in the ~~Trustee~~above ~~and~~table is presented *The text reported in the ~~Custodian~~above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

Filing Compare · Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-S2