8-K 1 ace05rm2_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-RM2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-02 Pooling and Servicing Agreement) (Commission 54-2173199 (State or other File Number) 54-2173200 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 July 25, 2005 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2005-RM2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-RM2 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-RM2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/27/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-RM2 Trust, relating to the July 25, 2005 distribution. EX-99.1

ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series 2005-RM2 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 Class CUSIP Description Rate Balance Distribution A-1A 004421NQ2 SEN 3.~~32000~~54438% ~~206~~203,~~792~~687,~~000~~323.0038 ~~610~~561,~~266~~512.1799 A-1B 004421NR0 SEN 3.~~35000~~57438% 5150,~~698~~921,~~000~~830.0084 ~~153~~141,~~945~~566.1642 A-2A 004421NS8 SEN 3.~~18000~~40438% 7977,~~753~~663,~~000~~951.0008 ~~225~~205,~~435~~642.1558 A-2B 004421PG2 SEN 3.~~29000~~51438% 50,184,000.00 ~~146~~137,~~760~~173.3228 A-2C 004421PH0 SEN 3.~~34000~~56438% 12,963,000.00 3835,~~485~~937.7127 A-2D 004421PJ6 SEN 3.~~44000~~66438% 33,778,000.00 ~~103~~96,~~285~~269.6278 M-1 004421NT6 MEZ 3.~~53000~~75438% 20,952,000.00 6561,~~742~~181.7238 M-2 004421NU3 MEZ 3.~~54000~~76438% 18,686,000.00 5854,~~798~~709.6183 M-3 004421NV1 MEZ 3.~~56000~~78438% 11,042,000.00 3432,~~941~~501.8010 M-4 004421NW9 MEZ 3.~~72000~~94438% 10,193,000.00 3331,~~704~~270.8561 M-5 004421NX7 MEZ 3.~~75000~~97438% 9,626,000.00 3229,~~086~~755.6774 M-6 004421NY5 MEZ 34.~~78000~~00438% 9,343,000.00 3129,~~392~~098.4894 M-7 004421NZ2 MEZ 4.~~29000~~51438% 7,644,000.00 2926,~~149~~839.1249 M-8 004421PA5 MEZ 4.~~39000~~61438% 5,946,000.00 2321,~~202~~339.6197 M-9 004421PB3 MEZ 45.~~79000~~01438% 5,379,000.00 2220,~~902~~978.5949 P ACE05RM2P SEN 0.00000% 100.00 2487,~~035~~414.7208 M-10 004421PC1 MEZ 6.~~09000~~31438% 5,096,000.00 2725,~~586~~027.3540 M-11 004421PD9 MEZ 6.~~09000~~31438% 5,663,000.00 3027,~~655~~812.7104 B-1 004421PE7 SEN 6.~~09000~~31438% 8,777,000.00 4743,~~512~~105.8347 B-2 004421PF4 SEN 6.~~09000~~31438% 6,229,000.00 3330,~~719~~591.6577 CE AC05RM2CE SEN 0.00000% 6,~~512~~511,~~839~~954.0880 1,~~473~~573,~~586~~608.0889 R ACE05RM2R SEN 0.00000% 0.00 0.00 Totals ~~566~~560,~~256~~286,~~939~~160.0810 3,~~247~~273,~~195~~337.9252

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 35,~~104~~144,~~676~~155.6297 0.00 ~~203~~198,~~687~~543,~~323~~167.3841 35,~~714~~705,~~942~~668.7996 0.00 A-1B ~~776~~1,~~169~~286,038.1699 0.00 5049,~~921~~635,~~830~~791.8485 ~~930~~1,~~114~~427,605.3241 0.00 A-2A 25,~~089~~267,~~048~~850.9291 0.00 7772,~~663~~396,~~951~~100.0817 25,~~314~~473,~~484~~493.0749 0.00 A-2B 0.00 0.00 50,184,000.00 ~~146~~137,~~760~~173.3228 0.00 A-2C 0.00 0.00 12,963,000.00 3835,~~485~~937.7127 0.00 A-2D 0.00 0.00 33,778,000.00 ~~103~~96,~~285~~269.6278 0.00 M-1 0.00 0.00 20,952,000.00 6561,~~742~~181.7238 0.00 M-2 0.00 0.00 18,686,000.00 5854,~~798~~709.6183 0.00 M-3 0.00 0.00 11,042,000.00 3432,~~941~~501.8010 0.00 M-4 0.00 0.00 10,193,000.00 3331,~~704~~270.8561 0.00 M-5 0.00 0.00 9,626,000.00 3229,~~086~~755.6774 0.00 M-6 0.00 0.00 9,343,000.00 3129,~~392~~098.4894 0.00 M-7 0.00 0.00 7,644,000.00 2926,~~149~~839.1249 0.00 M-8 0.00 0.00 5,946,000.00 2321,~~202~~339.6197 0.00 M-9 0.00 0.00 5,379,000.00 2220,~~902~~978.5949 0.00 P 0.00 0.00 100.00 2487,~~035~~414.7208 0.00 M-10 0.00 0.00 5,096,000.00 2725,~~586~~027.3540 0.00 M-11 0.00 0.00 5,663,000.00 3027,~~655~~812.7104 0.00 B-1 0.00 0.00 8,777,000.00 4743,~~512~~105.8347 0.00 B-2 0.00 0.00 6,229,000.00 3330,~~719~~591.6577 0.00 CE ~~(884~~0.~~28)~~00 0.00 6,511,954.80 1,~~472~~573,~~701~~608.8089 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 511,~~969~~698,~~010~~045.4287 0.00 ~~560~~548,~~286~~588,~~160~~114.1023 914,~~216~~971,~~206~~383.3439 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-1A 206,792,000.00 ~~206~~203,~~792~~687,~~000~~323.0038 0.00 35,~~104~~144,~~676~~155.6297 0.00 0.00 A-1B 51,698,000.00 5150,~~698~~921,~~000~~830.0084 0.00 ~~776~~1,~~169~~286,038.1699 0.00 0.00 A-2A 79,753,000.00 7977,~~753~~663,~~000~~951.0008 0.00 25,~~089~~267,~~048~~850.9291 0.00 0.00 A-2B 50,184,000.00 50,184,000.00 0.00 0.00 0.00 0.00 A-2C 12,963,000.00 12,963,000.00 0.00 0.00 0.00 0.00 A-2D 33,778,000.00 33,778,000.00 0.00 0.00 0.00 0.00 M-1 20,952,000.00 20,952,000.00 0.00 0.00 0.00 0.00 M-2 18,686,000.00 18,686,000.00 0.00 0.00 0.00 0.00 M-3 11,042,000.00 11,042,000.00 0.00 0.00 0.00 0.00 M-4 10,193,000.00 10,193,000.00 0.00 0.00 0.00 0.00 M-5 9,626,000.00 9,626,000.00 0.00 0.00 0.00 0.00 M-6 9,343,000.00 9,343,000.00 0.00 0.00 0.00 0.00 M-7 7,644,000.00 7,644,000.00 0.00 0.00 0.00 0.00 M-8 5,946,000.00 5,946,000.00 0.00 0.00 0.00 0.00 M-9 5,379,000.00 5,379,000.00 0.00 0.00 0.00 0.00 M-10 5,096,000.00 5,096,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 M-11 5,663,000.00 5,663,000.00 0.00 0.00 0.00 0.00 B-1 8,777,000.00 8,777,000.00 0.00 0.00 0.00 0.00 B-2 6,229,000.00 6,229,000.00 0.00 0.00 0.00 0.00 CE 6,512,839.08 6,~~512~~511,~~839~~954.0880 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 566,256,939.08 ~~566~~560,~~256~~286,~~939~~160.0810 0.00 511,~~969~~698,~~894~~045.7087 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-1A 35,~~104~~144,~~676~~155.6297 ~~203~~198,~~687~~543,~~323~~167.3841 0.~~98498648~~96011048 35,~~104~~144,~~676~~155.6297 A-1B ~~776~~1,~~169~~286,038.1699 5049,~~921~~635,~~830~~791.8485 0.~~98498648~~96011048 ~~776~~1,~~169~~286,038.1699 A-2A 25,~~089~~267,~~048~~850.9291 7772,~~663~~396,~~951~~100.0817 0.~~97380601~~90775394 25,~~089~~267,~~048~~850.9291 A-2B 0.00 50,184,000.00 1.00000000 0.00 A-2C 0.00 12,963,000.00 1.00000000 0.00 A-2D 0.00 33,778,000.00 1.00000000 0.00 M-1 0.00 20,952,000.00 1.00000000 0.00 M-2 0.00 18,686,000.00 1.00000000 0.00 M-3 0.00 11,042,000.00 1.00000000 0.00 M-4 0.00 10,193,000.00 1.00000000 0.00 M-5 0.00 9,626,000.00 1.00000000 0.00 M-6 0.00 9,343,000.00 1.00000000 0.00 M-7 0.00 7,644,000.00 1.00000000 0.00 M-8 0.00 5,946,000.00 1.00000000 0.00 M-9 0.00 5,379,000.00 1.00000000 0.00 M-10 0.00 5,096,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 M-11 0.00 5,663,000.00 1.00000000 0.00 B-1 0.00 8,777,000.00 1.00000000 0.00 B-2 0.00 6,229,000.00 1.00000000 0.00 CE ~~(884~~0.~~28)~~00 6,511,954.80 0.99986423 ~~(884~~0.~~28)~~00 R 0.00 0.00 0.00000000 0.00 Totals 511,~~969~~698,~~010~~045.4287 ~~560~~548,~~286~~588,~~160~~114.1023 0.~~98945571~~96879716 511,~~969~~698,~~010~~045.4287

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 206,792,000.00 ~~1000~~984.~~00000000~~98647617 0.00000000 1524.~~01352383~~87599119 0.00000000 A-1B 51,698,000.00 ~~1000~~984.~~00000000~~98647607 0.00000000 1524.~~01352393~~87599114 0.00000000 A-2A 79,753,000.00 ~~1000~~973.~~00000000~~80601457 0.00000000 2666.~~19398543~~05207215 0.00000000 A-2B 50,184,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 12,963,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2D 33,778,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 20,952,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 18,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 11,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 10,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 9,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 9,343,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 7,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 5,946,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 5,379,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 5,096,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 5,663,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 8,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 6,229,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 6,512,839.08 ~~1000~~999.~~00000000~~86422511 0.00000000 0.00000000 0.00000000 R 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-1A 0.00000000 1524.~~01352383~~87599119 ~~984~~960.~~98647617~~11048498 0.~~98498648~~96011048 1524.~~01352383~~87599119 A-1B 0.00000000 1524.~~01352393~~87599114 ~~984~~960.~~98647607~~11048493 0.~~98498648~~96011048 1524.~~01352393~~87599114 A-2A 0.00000000 2666.~~19398543~~05207215 ~~973~~907.~~80601457~~75394242 0.~~97380601~~90775394 2666.~~19398543~~05207215 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2D 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 (0.~~13577489)~~00000000 999.86422511 0.99986423 (0.~~13577489)~~00000000 R 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-1A 206,792,000.00 3.~~32000~~54438% ~~206~~203,~~792~~687,~~000~~323.0038 ~~610~~561,~~266~~512.1799 0.00 0.00 A-1B 51,698,000.00 3.~~35000~~57438% 5150,~~698~~921,~~000~~830.0084 ~~153~~141,~~945~~566.1642 0.00 0.00 A-2A 79,753,000.00 3.~~18000~~40438% 7977,~~753~~663,~~000~~951.0008 ~~225~~205,~~435~~642.1558 0.00 0.00 A-2B 50,184,000.00 3.~~29000~~51438% 50,184,000.00 ~~146~~137,~~760~~173.3228 0.00 0.00 A-2C 12,963,000.00 3.~~34000~~56438% 12,963,000.00 3835,~~485~~937.7127 0.00 0.00 A-2D 33,778,000.00 3.~~44000~~66438% 33,778,000.00 ~~103~~96,~~285~~269.6278 0.00 0.00 M-1 20,952,000.00 3.~~53000~~75438% 20,952,000.00 6561,~~742~~181.7238 0.00 0.00 M-2 18,686,000.00 3.~~54000~~76438% 18,686,000.00 5854,~~798~~709.6183 0.00 0.00 M-3 11,042,000.00 3.~~56000~~78438% 11,042,000.00 3432,~~941~~501.8010 0.00 0.00 M-4 10,193,000.00 3.~~72000~~94438% 10,193,000.00 3331,~~704~~270.8561 0.00 0.00 M-5 9,626,000.00 3.~~75000~~97438% 9,626,000.00 3229,~~086~~755.6774 0.00 0.00 M-6 9,343,000.00 34.~~78000~~00438% 9,343,000.00 3129,~~392~~098.4894 0.00 0.00 M-7 7,644,000.00 4.~~29000~~51438% 7,644,000.00 2926,~~149~~839.1249 0.00 0.00 M-8 5,946,000.00 4.~~39000~~61438% 5,946,000.00 2321,~~202~~339.6197 0.00 0.00 M-9 5,379,000.00 45.~~79000~~01438% 5,379,000.00 2220,~~902~~978.5949 0.00 0.00 M-10 5,096,000.00 6.~~09000~~31438% 5,096,000.00 2725,~~586~~027.3540 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 M-11 5,663,000.00 6.~~09000~~31438% 5,663,000.00 3027,~~655~~812.7104 0.00 0.00 B-1 8,777,000.00 6.~~09000~~31438% 8,777,000.00 4743,~~512~~105.8347 0.00 0.00 B-2 6,229,000.00 6.~~09000~~31438% 6,229,000.00 3330,~~719~~591.6577 0.00 0.00 CE 6,512,839.08 0.00000% 6,~~512~~511,~~839~~954.0880 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 566,256,939.08 1,~~749~~612,~~574~~314.1255 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-1A 0.00 0.00 ~~610~~561,~~266~~512.1799 0.00 ~~203~~198,~~687~~543,~~323~~167.3841 A-1B 0.00 0.00 ~~153~~141,~~945~~566.1642 0.00 5049,~~921~~635,~~830~~791.8485 A-2A 0.00 0.00 ~~225~~205,~~435~~642.1558 0.00 7772,~~663~~396,~~951~~100.0817 A-2B 0.00 0.00 ~~146~~137,~~760~~173.3228 0.00 50,184,000.00 A-2C 0.00 0.00 3835,~~485~~937.7127 0.00 12,963,000.00 A-2D 0.00 0.00 ~~103~~96,~~285~~269.6278 0.00 33,778,000.00 M-1 0.00 0.00 6561,~~742~~181.7238 0.00 20,952,000.00 M-2 0.00 0.00 5854,~~798~~709.6183 0.00 18,686,000.00 M-3 0.00 0.00 3432,~~941~~501.8010 0.00 11,042,000.00 M-4 0.00 0.00 3331,~~704~~270.8561 0.00 10,193,000.00 M-5 0.00 0.00 3229,~~086~~755.6774 0.00 9,626,000.00 M-6 0.00 0.00 3129,~~392~~098.4894 0.00 9,343,000.00 M-7 0.00 0.00 2926,~~149~~839.1249 0.00 7,644,000.00 M-8 0.00 0.00 2321,~~202~~339.6197 0.00 5,946,000.00 M-9 0.00 0.00 2220,~~902~~978.5949 0.00 5,379,000.00 M-10 0.00 0.00 2725,~~586~~027.3540 0.00 5,096,000.00 P 0.00 0.00 2487,~~035~~414.7208 0.00 100.00 M-11 0.00 0.00 3027,~~655~~812.7104 0.00 5,663,000.00 B-1 0.00 0.00 4743,~~512~~105.8347 0.00 8,777,000.00 B-2 0.00 0.00 3330,~~719~~591.6577 0.00 6,229,000.00 CE 0.00 0.00 1,~~473~~573,~~586~~608.0889 0.00 6,511,954.80 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,~~247~~273,~~195~~337.9252 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-1A 206,792,000.00 3.~~32000~~54438% ~~1000~~984.~~00000000~~98647617 2.~~95111112~~71535161 0.00000000 0.00000000 A-1B 51,698,000.00 3.~~35000~~57438% ~~1000~~984.~~00000000~~98647607 2.~~97777786~~73833456 0.00000000 0.00000000 A-2A 79,753,000.00 3.~~18000~~40438% ~~1000~~973.~~00000000~~80601457 2.~~82666671~~57849335 0.00000000 0.00000000 A-2B 50,184,000.00 3.~~29000~~51438% 1000.00000000 2.~~92444444~~73340666 0.00000000 0.00000000 A-2C 12,963,000.00 3.~~34000~~56438% 1000.00000000 2.~~96888915~~77229576 0.00000000 0.00000000 A-2D 33,778,000.00 3.~~44000~~66438% 1000.00000000 32.~~05777784~~85007342 0.00000000 0.00000000 M-1 20,952,000.00 3.~~53000~~75438% 1000.00000000 32.~~13777778~~92007350 0.00000000 0.00000000 M-2 18,686,000.00 3.~~54000~~76438% 1000.00000000 32.~~14666649~~92785133 0.00000000 0.00000000 M-3 11,042,000.00 3.~~56000~~78438% 1000.00000000 32.~~16444485~~94340699 0.00000000 0.00000000 M-4 10,193,000.00 3.~~72000~~94438% 1000.00000000 3.~~30666634~~06785147 0.00000000 0.00000000 M-5 9,626,000.00 3.~~75000~~97438% 1000.00000000 3.~~33333368~~09118429 0.00000000 0.00000000 M-6 9,343,000.00 34.~~78000~~00438% 1000.00000000 3.~~36000000~~11451782 0.00000000 0.00000000 M-7 7,644,000.00 4.~~29000~~51438% 1000.00000000 3.~~81333333~~51118394 0.00000000 0.00000000 M-8 5,946,000.00 4.~~39000~~61438% 1000.00000000 3.~~90222166~~58896233 0.00000000 0.00000000 M-9 5,379,000.00 45.~~79000~~01438% 1000.00000000 43.~~25777840~~90007250 0.00000000 0.00000000 M-10 5,096,000.00 6.~~09000~~31438% 1000.00000000 54.~~41333399~~91118524 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 5,663,000.00 6.~~09000~~31438% 1000.00000000 54.~~41333392~~91118488 0.00000000 0.00000000 B-1 8,777,000.00 6.~~09000~~31438% 1000.00000000 54.~~41333371~~91118492 0.00000000 0.00000000 B-2 6,229,000.00 6.~~09000~~31438% 1000.00000000 54.~~41333280~~91118478 0.00000000 0.00000000 CE 6,512,839.08 0.00000% ~~1000~~999.~~00000000~~86422511 0.00000000 0.00000000 0.00000000 R 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-1A 0.00000000 0.00000000 2.~~95111112~~71535161 0.00000000 ~~984~~960.~~98647617~~11048498 A-1B 0.00000000 0.00000000 2.~~97777786~~73833456 0.00000000 ~~984~~960.~~98647607~~11048493 A-2A 0.00000000 0.00000000 2.~~82666671~~57849335 0.00000000 ~~973~~907.~~80601457~~75394242 A-2B 0.00000000 0.00000000 2.~~92444444~~73340666 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 2.~~96888915~~77229576 0.00000000 1000.00000000 A-2D 0.00000000 0.00000000 32.~~05777784~~85007342 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 32.~~13777778~~92007350 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 32.~~14666649~~92785133 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 32.~~16444485~~94340699 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~30666634~~06785147 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~33333368~~09118429 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.~~36000000~~11451782 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 3.~~81333333~~51118394 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 3.~~90222166~~58896233 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 43.~~25777840~~90007250 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 54.~~41333399~~91118524 0.00000000 1000.00000000 P 0.00000000 0.00000000 ~~240357~~874140.~~20000000~~80000000 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 54.~~41333392~~91118488 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 54.~~41333371~~91118492 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 54.~~41333280~~91118478 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~226~~241.~~25863497~~61642422 0.00000000 999.86422511 R 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 915,~~438~~046,~~728~~693.2930 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 081,233.0095 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 2487,~~035~~414.7208 Total Deposits 915,~~462~~215,~~764~~341.0133 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~246~~243,~~557~~957.6994 Payment of Interest and Principal 914,~~216~~971,~~206~~383.3239 Total Withdrawals (Pool Distribution Amount) 915,~~462~~215,~~764~~341.0133 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~235~~233,~~940~~452.3857 Credit Risk Manager Fee - The Murrayhill Company 7,~~078~~003.2158 Master Servicing Fee: Wells Fargo Bank 3,~~539~~501.1079 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~246~~243,~~557~~957.6994

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT 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 073 0 0 0 073 012,554,502.0073 0.00 0.00 0.00 012,554,502.0073 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 073 0 0 0 073 012,554,502.0073 0.00 0.00 0.00 012,554,502.0073 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 02.~~000000~~179755% 0.000000% 0.000000% 0.000000% 02.~~000000~~179755% 02.~~000000~~288177% 0.000000% 0.000000% 0.000000% 02.~~000000~~288177% 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 02.~~000000~~179755% 0.000000% 0.000000% 0.000000% 02.~~000000~~179755% 02.~~000000~~288177% 0.000000% 0.000000% 0.000000% 02.~~000000~~288177%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP I 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 011 0 0 0 011 0677,752.0030 0.00 0.00 0.00 0677,752.0030 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 011 0 0 0 011 0677,752.0030 0.00 0.00 0.00 0677,752.0030 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~513067% 0.000000% 0.000000% 0.000000% 01.~~000000~~513067% 01.~~000000~~529695% 0.000000% 0.000000% 0.000000% 01.~~000000~~529695% 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 01.~~000000~~513067% 0.000000% 0.000000% 0.000000% 01.~~000000~~513067% 01.~~000000~~529695% 0.000000% 0.000000% 0.000000% 01.~~000000~~529695% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP II 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 039 0 0 0 039 07,469,459.0032 0.00 0.00 0.00 07,469,459.0032 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 039 0 0 0 039 07,469,459.0032 0.00 0.00 0.00 07,469,459.0032 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~544031% 0.000000% 0.000000% 0.000000% 02.~~000000~~544031% 02.~~000000~~650580% 0.000000% 0.000000% 0.000000% 02.~~000000~~650580% 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 02.~~000000~~544031% 0.000000% 0.000000% 0.000000% 02.~~000000~~544031% 02.~~000000~~650580% 0.000000% 0.000000% 0.000000% 02.~~000000~~650580% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP III 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 011 0 0 0 011 0670,991.0085 0.00 0.00 0.00 0670,991.0085 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 011 0 0 0 011 0670,991.0085 0.00 0.00 0.00 0670,991.0085 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~444444% 0.000000% 0.000000% 0.000000% 02.~~000000~~444444% 02.~~000000~~148141% 0.000000% 0.000000% 0.000000% 02.~~000000~~148141% 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 02.~~000000~~444444% 0.000000% 0.000000% 0.000000% 02.~~000000~~444444% 02.~~000000~~148141% 0.000000% 0.000000% 0.000000% 02.~~000000~~148141% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GROUP IV 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 012 0 0 0 012 03,736,299.0026 0.00 0.00 0.00 03,736,299.0026 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 012 0 0 0 012 03,736,299.0026 0.00 0.00 0.00 03,736,299.0026 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~877934% 0.000000% 0.000000% 0.000000% 01.~~000000~~877934% 01.~~000000~~952893% 0.000000% 0.000000% 0.000000% 01.~~000000~~952893% 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 01.~~000000~~877934% 0.000000% 0.000000% 0.000000% 01.~~000000~~877934% 01.~~000000~~952893% 0.000000% 0.000000% 0.000000% 01.~~000000~~952893%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 081,233.0095

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current REO Total ~~Nov~~Dec-04 0.000% Loans in REO 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current REO Total ~~Nov~~Dec-04 0.000% Loans in REO 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current REO Total ~~Nov~~Dec-04 0.000% Loans in REO 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP III 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current REO Total ~~Nov~~Dec-04 0.000% Loans in REO 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP IV 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current REO Total ~~Nov~~Dec-04 0.000% Loans in REO 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current Foreclosure Total ~~Nov~~Dec-04 0.000% Loans in Foreclosure 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current Foreclosure Total ~~Nov~~Dec-04 0.000% Loans in Foreclosure 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current Foreclosure Total ~~Nov~~Dec-04 0.000% Loans in Foreclosure 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP III 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current Foreclosure Total ~~Nov~~Dec-04 0.000% Loans in Foreclosure 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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. GROUP IV 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Jul~~Aug-04 0.000% Original Principal Balance 0.00 ~~Aug~~Sep-04 0.000% Current Principal Balance 0.00 ~~Sep~~Oct-04 0.000% ~~Oct~~Nov-04 0.000% Current Foreclosure Total ~~Nov~~Dec-04 0.000% Loans in Foreclosure 0 ~~Dec~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Jan~~Feb-05 0.000% Current Principal Balance 0.00 ~~Feb~~Mar-05 0.000% ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~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.

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~349207~~345991% Weighted Average Net Coupon 6.~~849207~~845991% Weighted Average Pass-Through Rate 6.~~826707~~823491% Weighted Average Maturity(Stepdown Calculation) ~~342~~341 Beginning Scheduled Collateral Loan Count 3,~~440~~408 Number Of Loans Paid In Full 3259 Ending Scheduled Collateral Loan Count 3,~~408~~349 Beginning Scheduled Collateral Balance ~~566~~560,~~256~~286,~~939~~160.0810 Ending Scheduled Collateral Balance ~~560~~548,~~286~~588,~~160~~114.1023 Ending Actual Collateral Balance at 3130-~~May~~Jun-2005 ~~560~~548,~~449~~668,~~268~~258.7839 Monthly P&I Constant 3,~~723~~683,~~017~~968.1550 Special Servicing Fee 0.00 Prepayment Penalties 2487,~~035~~414.7208 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~255~~254,~~067~~087.7246 Unscheduled Principal 511,~~715~~443,~~711~~958.2641 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount ~~884~~0.2800 Specified O/C Amount 6,511,954.80 Overcollateralized Amount 6,511,954.80 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

~~Group~~COLLATERAL ~~Level~~STATEMENT Collateral ~~Statement Group GROUP I GROUP II GROUP III Collateral~~ Description ~~Fixed~~Mixed ~~15/30 & ARM~~ Fixed ~~15/30~~ & ~~ARM~~Arm ~~Fixed 15/30 & ARM~~ Weighted Average Coupon Rate ~~8.807702~~ 7.~~168379~~345991% ~~9.723350~~ Weighted Average Net Rate 86.~~307702~~845991% Weighted Average Pass Through Rate 6.~~668379~~823491% ~~9.223350~~ Weighted Average Maturity ~~261~~341 ~~357~~Record ~~201~~Date 06/30/2005 Principal and Interest Constant 3,683,968.50 Beginning Loan Count ~~743 1~~3,~~576~~408 ~~461~~ Loans Paid Inin Full 759 ~~14 6~~ Ending Loan Count ~~736 1~~3,~~562~~349 ~~455~~ Beginning Scheduled Balance 45560,~~442~~286,~~487~~160.4710 ~~290,914,211.82 32,069,143.15~~ Ending Scheduled Balance 44548,~~874~~588,~~261~~114.5723 ~~287,601,017.10~~Ending ~~31,614,456.03~~Actual ~~Record~~Balance ~~Date~~at ~~05/31/~~30-Jun-2005 ~~05/31/2005 05/31/2005 Principal And Interest Constant 364~~548,~~138.77 1~~668,~~915,761~~258.9739 ~~274,384.38~~ Scheduled Principal 30254,~~602~~087.1946 ~~177,942.55 14,534.80~~ Unscheduled Principal ~~537~~11,~~623.71 3~~443,~~135,252~~958.1741 ~~440,152.32~~ Scheduled Interest ~~333~~3,~~536.58 1~~429,~~737,819~~881.4204 ~~259,849.58~~ Servicing ~~Fees~~Fee 18233,~~934~~452.3757 ~~121,214.25 13,362.14~~ Master Servicing ~~Fees~~Fee ~~284.02 1~~3,~~818~~501.2179 ~~200.43~~ 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 ~~568.03 3~~7,~~636~~003.4358 ~~400.86~~ Pool Insurance Fee 0.00 ~~0.00 0.00~~ Spread 1 0.00 ~~0.00 0.00~~ Spread 2 0.00 ~~0.00 0.00~~ Spread 3 0.00 ~~0.00 0.00~~ Net Interest ~~313~~3,~~750.16 1~~185,~~611,150~~923.5310 ~~245,886.15~~ 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~~Special Servicing Fee 0.~~0000~~00 Prepayment Penalties 087,414.0008 ~~0.00~~Required Overcollateralized Amount 0.00 ~~Special~~Overcollateralized ~~Servicing~~Increase ~~Fee~~Amount 0.00 ~~0.00~~Overcollateralized Reduction Amount 0.00 ~~Pass-Through~~Specified ~~Rate~~O/C 8Amount 6,511,954.~~285202~~80 Overcollateralized Amount 6,511,954.~~645879~~80 9Overcollateralized Deficiency Amount 0.~~200850~~00 Base Overcollateralization Amount 0.00

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~#OC_INC_AMT Statement Group GROUP IV Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.895239 7.349207 Weighted Average Net Rate 6.395239 6.849207 Weighted Average Maturity 359 342 Beginning Loan Count 660 3,440 Loans Paid In Full 5 32 Ending Loan Count 655 3,408 Beginning Scheduled Balance 197,831,096.64 566,256,939.08 Ending scheduled Balance 196,196,425.40 560,286,160.10 Record Date 05/31/2005 05/31/2005 Principal And Interest Constant 1,168,732.03 3,723,017.15 Scheduled Principal 31,988.18 255,067.72 Unscheduled Principal 1,602,683.06 5,715,711.26 Scheduled Interest 1,136,743.85 3,467,949.43 Servicing Fees 82,429.62 235,940.38 Master Servicing Fees 1,236.44 3,539.10 Trustee Fee 0.00 ~~0.00~~#OC_RED_AMT ~~FRY Amount~~ 0.00 ~~0.00~~#OC_TARGPCT ~~Special Hazard Fee~~ 0.0001 ~~0.00~~#OCAMOUNT ~~Other Fee 2~~6,~~472.89 7~~511,~~078~~954.21 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 1,050,604.90 3,221,391.74 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 6.372739 6.82670780

~~Prepayment~~Group ~~Detail~~Level -Collateral ~~Prepayments~~Statement ~~during~~Group ~~Current~~GROUP ~~Period~~I ~~Summary~~GROUP II GROUP III Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8.809175 7.166493 9.712580 Weighted Average Net Rate 8.309175 6.666493 9.212580 Weighted Average Maturity 260 356 200 Beginning Loan Count 736 1,562 455 Loans Paid In Full ~~Repurchased~~9 ~~Loans~~29 ~~Original~~5 ~~Current~~Ending ~~Original~~Loan ~~Current~~Count ~~Principal~~727 1,533 450 Beginning Scheduled Balance 44,874,261.57 287,601,017.10 31,614,456.03 Ending Scheduled Balance 44,298,103.58 281,746,980.13 31,233,159.09 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 359,932.05 1,894,819.88 270,374.34 Scheduled Principal 30,511.02 177,244.31 14,492.74 Unscheduled Principal ~~Group~~545,646.97 ~~Count~~5,676,792.66 ~~Balance~~366,804.20 ~~Balance~~Scheduled ~~Count~~Interest ~~Balance~~329,421.03 ~~Balance~~1,717,575.57 ~~GROUP~~255,881.60 IServicing 7Fees ~~535~~18,~~313~~697.0061 ~~534~~119,~~661~~833.7276 13,172.69 Master Servicing Fees 280.46 1,797.51 197.59 Trustee Fee 0.00 0.00 0.00 ~~GROUP~~FRY IIAmount 140.00 ~~3,129,000~~0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 560.93 3,~~126,451~~595.8501 395.18 Pool Insurance Fee 0.00 0.00 0.00 ~~GROUP~~Spread ~~III~~1 60.00 ~~438,080~~0.00 ~~437,785~~0.4300 Spread 2 0.00 0.00 0.00 ~~GROUP~~Spread IV3 50.00 ~~1,598,320~~0.00 0.00 Net Interest 309,882.03 1,~~597~~592,~~987~~349.1629 242,116.14 Realized Loss Amount 0.00 0.00 0.00 ~~Total~~Cumulative 32Realized ~~5,700,713~~Loss 0.00 ~~5,696,886~~0.1600 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 8.286675 6.643993 9.190080

~~Prepayment~~Group ~~Detail~~Level -Collateral ~~Prepayments~~Statement ~~during~~Group ~~Current~~GROUP ~~Period~~IV ~~(continued)~~Total ~~Summary~~Collateral ~~Substitution~~Description ~~Loans~~Fixed ~~Liquidated~~15/30 ~~Loans~~& ~~Curtailments~~ARM ~~Original~~Mixed ~~Current~~Fixed ~~Original~~& ~~Current~~Arm ~~Principal~~Weighted ~~Principal~~Average ~~Principal~~Coupon ~~Principal~~Rate ~~Curtailment~~6.893109 ~~Group~~7.345991 Weighted Average Net Rate 6.393109 6.845991 Weighted Average Maturity 358 341 Beginning Loan Count ~~Balance~~655 ~~Balance~~3,408 Loans Paid In Full 16 59 Ending Loan Count 639 3,349 Beginning Scheduled Balance 196,196,425.40 560,286,160.10 Ending scheduled Balance ~~Amount~~191,309,871.43 ~~GROUP~~548,588,114.23 IRecord Date 06/30/2005 06/30/2005 Principal And Interest Constant 1,158,842.23 3,683,968.50 Scheduled Principal 31,839.39 254,087.46 Unscheduled Principal 4,854,714.58 11,443,958.41 Scheduled Interest 1,127,002.84 3,429,881.04 Servicing Fees 81,748.51 233,452.57 Master Servicing Fees 1,226.23 3,501.79 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 3Other Fee 2,~~295~~452.1646 ~~GROUP~~7,003.58 IIPool 0Insurance Fee 0.00 0.00 0Spread 1 0.00 0.00 ~~10,387.95~~Spread ~~GROUP~~2 ~~III~~ 0 0.00 0.00 0Spread 3 0.00 0.00 2Net Interest 1,~~544~~041,575.64 ~~GROUP~~3,185,923.10 IVRealized 0Loss Amount 0.00 0.00 0Cumulative Realized Loss 0.00 0.00 ~~5,030.63~~Percentage ~~Total~~of Cumulative Losses 0.0000 0.000000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 ~~21,258~~Pass-Through Rate 6.38370609 6.823491

Prepayment ~~Loan~~ Detail - Prepayments during Current Period ~~First~~Summary ~~Original~~Loans ~~Loan~~Paid ~~LTV~~In atFull ~~Payment~~Repurchased ~~Principal~~Loans ~~Prepayment~~Original ~~Group~~Current ~~Number~~Original ~~State~~Current ~~Origination~~Principal ~~Date~~Principal ~~Balance~~Principal ~~Amount~~Principal ~~GROUP~~Group ICount ~~0110440339~~Balance CABalance ~~0.00~~Count ~~01-Apr-2005~~Balance ~~192,400.00~~Balance ~~191,875.37~~ GROUP I ~~0110440598~~9 ~~CA 0.00 01-Apr-2005 53~~537,113.00 53,026.19 GROUP I 0110440938 CA 0.00 01-Apr-2005 66,600.00 66,510.66 GROUP I 0110441291 NV 0.00 01-Apr-2005 57,000.00 56,929.95 GROUP I 0110443945 IL 0.00 01-May-2005 60,000.00 59,943.77 GROUP I 0110444085 IL 0.00 01-Apr-2005 72,000.00 71,869.93 GROUP I 0110450586 MO 0.00 01-May-2005 34,200.00 34536,~~172~~357.6885 ~~GROUP II 0110440531 CA~~ 0~~.00~~ ~~01-Apr-2005 316,000.00 315,073.00 GROUP II 0110440606 CA~~ 0.00 ~~01-Apr-2005 212,450.00 212,450.00 GROUP II 0110440640 IL~~ 0.00 ~~01-Apr-2005 144,000.00 143,691.27~~ GROUP II ~~0110440939~~29 ~~CA 0.00 01-Apr-2005 266~~5,~~400.00 266~~657,~~400~~815.00 ~~GROUP II 0110440967 CA 0.00 01-Apr-2005 292~~5,~~450.00 291~~650,~~761~~235.4306 ~~GROUP II 0110441389 IL~~ 0~~.00~~ ~~01-Apr-2005 275,500.00 275,013.04 GROUP II 0110444196 IL~~ 0.00 ~~01-May-2005 240,000.00 240,000.00 GROUP II 0110444539 IL~~ 0.00 ~~01-Apr-2005 288,000.00 287,484.69~~ GROUP IIIII ~~0110450587~~5 ~~MO 0.00 01-May-2005 136~~364,~~800~~510.00 ~~136~~364,~~800~~186.0040 ~~GROUP II 0110450651 IL~~ 0~~.00~~ ~~01-May-2005 178,500.00 178,311.84 GROUP II 0110450681 CA~~ 0.00 ~~01-May-2005 300,000.00 299,452.95 GROUP II 0110450813 IL~~ 0.00 ~~01-May-2005 184,000.00 183,698.66~~ GROUP IIIV ~~0110450883~~16 ~~MI 0.00 01-May-2005 122~~4,~~400.00 122~~829,~~227.34 GROUP II 0110465582 CA 0.00 01-May-2005 172,500.00 172,500.00 GROUP III 0110440329 CA 0.00 01-Apr-2005 109,600.00 109,450.18 GROUP III 0110440530 CA 0.00 01-Apr-2005 79,~~000.00 784,~~902.95 GROUP III 0110450258 CA 0.00 01-May-2005 94~~826,~~700~~495.0048 ~~94,615.67 GROUP III 0110450596 CO~~ 0~~.00~~ ~~01-May-2005 97,980.00 97,915.68 GROUP III 0110450872 MI~~ 0.00 ~~01-May-2005 30,600.00 30,577.35 GROUP III 0110451490 IL~~ 0.00 ~~01-Feb-2005~~Total ~~26,200.00~~59 2611,~~145.85 GROUP IV 0110440330 CA 0.00 01-Apr-2005 438~~388,~~400~~525.00 ~~438~~11,~~400.00 GROUP IV 0110441292 NV 0.00 01-Apr-2005 228~~377,~~000~~274.0079 ~~228,000.00 GROUP IV 0110450326 IL~~ 0~~.00~~ ~~01-May-2005 370,000.00 370,000.00 GROUP IV 0110450597 CO~~ 0.00 ~~01-May-2005 391,920.00 391,252.43 GROUP IV 0110451413 IL~~ 0.00 ~~01-May-2005 170,000.00 170,000.00~~

Prepayment ~~Loan~~ Detail - Prepayments during Current Period (continued) ~~Current~~Summary ~~Loan~~Substitution ~~PIF~~Loans ~~Months~~Liquidated ~~Loan~~Loans Curtailments Original ~~Group~~Current ~~Number~~Original ~~Type~~Current ~~Delinquent~~Principal ~~Rate~~Principal ~~Term~~Principal ~~Seasoning~~Principal ~~GROUP~~Curtailment IGroup ~~0110440339~~Count ~~Loan~~Balance ~~Paid~~Balance inCount ~~Full~~Balance 0Balance ~~6.500%~~Amount ~~360 2~~ GROUP I ~~0110440598 Loan Paid in Full~~ 0 ~~9.050% 180 2 GROUP I 0110440938 Loan Paid in Full~~ 0 9.~~990%~~00 ~~180 2 GROUP I 0110441291 Loan Paid in Full~~ 0 10.~~400%~~00 ~~180 2 GROUP I 0110443945 Loan Paid in Full~~ 0 ~~9.750% 180 1 GROUP I 0110444085 Loan Paid in Full~~ 0 10.~~000%~~00 ~~180 2 GROUP I 0110450586 Loan Paid in Full~~ 0 10.~~500%~~00 ~~180 1 GROUP II 0110440531 Loan Paid in Full 0 6~~9,902.~~120%~~96 ~~360 2~~ GROUP II ~~0110440606 Loan Paid in Full~~ 0 ~~6.990% 360 2 GROUP II 0110440640 Loan Paid in Full~~ 0 7.~~720%~~00 ~~360 2 GROUP II 0110440939 Loan Paid in Full~~ 0 7.~~800%~~00 ~~360 2 GROUP II 0110440967 Loan Paid in Full~~ 0 ~~7.250% 360 2 GROUP II 0110441389 Loan Paid in Full~~ 0 8.~~670%~~00 ~~360 2 GROUP II 0110444196 Loan Paid in Full~~ 0 6.~~320%~~00 ~~360 1 GROUP II 0110444539 Loan Paid in Full 0 8~~29,791.~~620%~~53 ~~360 2~~ GROUP IIIII ~~0110450587 Loan Paid in Full~~ 0 ~~7.450% 360 1 GROUP II 0110450651 Loan Paid in Full~~ 0 9.~~190%~~00 ~~360 1 GROUP II 0110450681 Loan Paid in Full~~ 0 6.~~470%~~00 ~~360 1 GROUP II 0110450813 Loan Paid in Full~~ 0 ~~7.020% 360 1 GROUP II 0110450883 Loan Paid in Full~~ 0 7.~~770%~~00 ~~360 1 GROUP II 0110465582 Loan Paid in Full~~ 0 5.~~920%~~00 ~~360 1 GROUP III 0110440329 Loan Paid in Full 0 9.900% 180~~ 2 ~~GROUP III 0110440530 Loan Paid in Full 0 10~~,752.~~750%~~75 ~~180 2~~ GROUP ~~III~~IV ~~0110450258 Loan Paid in Full~~ 0 90.~~990%~~00 ~~180 1 GROUP III 0110450596 Loan Paid in Full~~ 0 11.~~400%~~00 ~~180 1 GROUP III 0110450872 Loan Paid in Full~~ 0 100.~~850%~~00 ~~180 1 GROUP III 0110451490 Loan Paid in Full~~ 0 10.~~400%~~00 ~~180 4 GROUP IV 0110440330 Loan Paid in Full 0 6~~28,815.~~350%~~75 ~~360~~Total ~~2 GROUP IV 0110441292 Loan Paid in Full~~ 0 80.~~730%~~00 ~~360 2 GROUP IV 0110450326 Loan Paid in Full~~ 0 7.~~970%~~00 ~~360 1 GROUP IV 0110450597 Loan Paid in Full~~ 0 60.~~820%~~00 ~~360 1 GROUP IV 0110451413 Loan Paid in Full~~ 0 6.~~130%~~00 ~~360 1~~71,262.99

~~Summary~~Prepayment ~~SMM~~Loan ~~CPR~~Detail ~~PSA~~- ~~Current~~Prepayments ~~Month~~during ~~1.010%~~ Current ~~Month~~Period ~~11.467%~~First ~~Current~~Original ~~Month~~Loan ~~4,275.975%~~LTV 3at ~~Month~~Payment ~~Average~~Principal ~~0.000%~~Prepayment 3Group ~~Month~~Number ~~Average~~State ~~0.000%~~Origination 3Date ~~Month~~Balance ~~Average~~Amount ~~0.000%~~GROUP 12I ~~Month~~0110441200 ~~Average~~FL 0100.~~000%~~00 1201-Apr-2005 ~~Month Average 0~~33,400.~~000%~~00 ~~12 Month Average 0~~33,346.~~000%~~41 ~~CPR:~~GROUP ~~Current~~I vs0110443938 ~~12mo~~CA Average*100.00 ~~PSA:~~01-May-2005 ~~Current~~56,800.00 vs56,723.80 ~~12mo~~GROUP Average*I ~~Month~~0110443952 ~~Current~~IL ~~12mo Avg~~100.00 ~~Month Current 12mo Avg. Jul~~01-~~2004 N/A N/A Jul~~May-~~2004~~2005 ~~N/A~~32,600.00 ~~N/A~~32,564.80 ~~Aug-2004~~GROUP ~~N/A~~I ~~N/A~~0110443953 ~~Aug-2004~~UT ~~N/A~~100.00 ~~N/A Sep~~01-~~2004 N/A N/A Sep~~May-~~2004~~2005 ~~N/A~~28,000.00 ~~N/A~~27,971.29 ~~Oct-2004~~GROUP ~~N/A~~I ~~N/A~~0110444204 ~~Oct-2004~~TX ~~N/A~~80.00 ~~N/A Nov~~01-~~2004 N/A N/A Nov~~May-~~2004~~2005 ~~N/A~~92,000.00 ~~N/A~~91,793.45 ~~Dec-2004~~GROUP ~~N/A~~I ~~N/A~~0110450542 ~~Dec-2004~~CA ~~N/A~~100.00 ~~N/A Jan~~01-~~2005 N/A N/A Jan~~May-2005 ~~N/A~~58,400.00 ~~N/A~~58,321.65 ~~Feb-2005~~GROUP ~~N/A~~I ~~N/A~~0110450937 ~~Feb-2005~~IL ~~N/A~~100.00 ~~N/A Mar~~01-~~2005 N/A N/A Mar~~May-2005 ~~N/A~~60,000.00 ~~N/A~~59,909.69 ~~Apr-2005~~GROUP ~~N/A~~I ~~N/A~~0110451553 ~~Apr-2005~~CA ~~N/A~~95.00 ~~N/A~~ 01-May-2005 ~~N/A~~54,000.00 ~~N/A~~53,923.79 ~~May-2005~~GROUP ~~N/A~~I ~~N/A~~0110465495 ~~Jun-2005~~CA 1139.~~467%~~35 ~~N/A~~ 01-Jun-2005 4122,~~275~~000.~~975%~~00 ~~N/A~~121,189.13 *TheGROUP ~~text~~II ~~reported~~0110440473 inIL ~~the~~75.00 ~~above~~01-Apr-2005 ~~table~~197,250.00 ~~is presented *The text reported in the above table is presented graphically on the monthly bond remittance report~~196,792.93 ~~The~~GROUP ~~graphically~~II on0110440875 ~~the~~CA ~~monthly bond remittance report~~80.00 ~~The~~01-Apr-2005 ~~monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www~~212,000.~~ctslink.com.~~00 ~~www~~211,297.~~ctslink.com.~~42 GROUP III ~~SMM~~0110441007 ~~CPR~~CA ~~PSA Current Month 1~~75.~~184%~~48 ~~Current~~01-Apr-2005 ~~Month 13~~234,000.~~317%~~00 ~~Current Month 5~~233,~~255~~220.~~433%~~86 3GROUP ~~Month~~II ~~Average~~0110441143 0CA 75.~~000%~~00 301-Apr-2005 ~~Month Average 0~~228,750.~~000%~~00 ~~3 Month Average 0~~228,254.~~000%~~91 12GROUP ~~Month~~II ~~Average~~0110441165 0FL 75.~~000%~~00 1201-Apr-2005 ~~Month Average 0~~103,500.~~000%~~00 ~~12 Month Average 0~~103,280.~~000%~~57 ~~CPR:~~GROUP ~~Current~~II vs0110441196 ~~12mo~~CA ~~Average* PSA: Current vs 12mo Average* Month Current 12mo Avg~~85.00 ~~Month Current 12mo Avg. Jul~~01-~~2004 N/A N/A Jul~~Apr-~~2004~~2005 ~~N/A~~209,950.00 ~~N/A~~209,314.59 ~~Aug-2004~~GROUP ~~N/A~~II ~~N/A~~0110441202 ~~Aug-2004~~FL ~~N/A~~80.00 ~~N/A Sep~~01-~~2004 N/A N/A Sep~~Apr-~~2004~~2005 ~~N/A~~133,600.00 ~~N/A~~133,140.46 ~~Oct-2004~~GROUP ~~N/A~~II ~~N/A~~0110444203 ~~Oct-2004~~IL ~~N/A~~80.00 ~~N/A Nov~~01-~~2004 N/A N/A Nov~~May-~~2004~~2005 ~~N/A~~130,400.00 ~~N/A~~130,100.18 ~~Dec-2004~~GROUP ~~N/A~~II ~~N/A~~0110444205 ~~Dec-2004~~UT ~~N/A~~80.00 ~~N/A Jan~~01-~~2005 N/A N/A Jan~~May-2005 ~~N/A~~112,000.00 ~~N/A~~112,000.00 ~~Feb-2005~~GROUP ~~N/A~~II ~~N/A~~0110444275 ~~Feb-2005~~IL ~~N/A~~65.00 ~~N/A Mar~~01-~~2005 N/A N/A Mar~~May-2005 ~~N/A~~97,500.00 ~~N/A~~97,274.49 ~~Apr-2005~~GROUP ~~N/A~~II ~~N/A~~0110444439 ~~Apr-2005~~UT ~~N/A~~56.52 ~~N/A~~ 01-May-2005 ~~N/A~~130,000.00 ~~N/A~~129,701.68 ~~May-2005~~GROUP ~~N/A~~II ~~N/A~~0110444537 ~~Jun-2005~~AZ 1385.~~317%~~00 ~~N/A Jun~~01-Apr-2005 5119,~~255~~000.~~433%~~00 ~~N/A~~118,676.07 *TheGROUP ~~text~~II ~~reported~~0110444593 inIL ~~the~~95.00 ~~above~~01-May-2005 ~~table~~142,500.00 ~~is presented *The text reported in the above table is presented graphically on the monthly bond remittance report~~142,255.80 ~~The~~GROUP ~~graphically~~II on0110444604 ~~the~~CA ~~monthly bond remittance report~~80.00 ~~The~~01-Apr-2005 ~~monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www~~288,000.~~ctslink.com.~~00 ~~www~~287,839.~~ctslink.com.~~24 GROUP II ~~SMM~~0110450544 ~~CPR~~CA ~~PSA Current Month 1~~80.~~078%~~00 ~~Current~~01-May-2005 ~~Month 12~~233,600.~~200%~~00 ~~Current Month 4~~233,~~585~~021.~~593%~~06 3GROUP ~~Month~~II ~~Average~~0110450582 ~~0.000%~~IL ~~3 Month Average 0~~91.~~000%~~08 301-May-2005 ~~Month Average 0.~~337,000~~% 12 Month Average 0~~.~~000%~~00 ~~12 Month Average 0.~~337,000~~% 12 Month Average 0~~.~~000%~~00 ~~CPR:~~GROUP ~~Current~~II vs0110450801 ~~12mo~~IL Average*80.00 ~~PSA:~~01-May-2005 ~~Current~~304,000.00 vs303,339.01 ~~12mo~~GROUP Average*II ~~Month~~0110450894 ~~Current~~TX ~~12mo Avg~~80.00 ~~Month Current 12mo Avg. Jul~~01-~~2004 N/A N/A Jul~~May-~~2004~~2005 ~~N/A~~54,400.00 ~~N/A~~54,325.94 ~~Aug-2004~~GROUP ~~N/A~~II ~~N/A~~0110450942 ~~Aug-2004~~IL ~~N/A~~80.00 ~~N/A Sep~~01-~~2004 N/A N/A Sep~~May-~~2004~~2005 ~~N/A~~240,000.00 ~~N/A~~239,448.20 ~~Oct-2004~~GROUP ~~N/A~~II ~~N/A~~0110451150 ~~Oct-2004~~MO ~~N/A~~85.00 ~~N/A Nov~~01-~~2004 N/A N/A Nov~~May-~~2004~~2005 ~~N/A~~99,025.00 ~~N/A~~98,842.62 ~~Dec-2004~~GROUP ~~N/A~~II ~~N/A~~0110451218 ~~Dec-2004~~IL ~~N/A~~85.00 ~~N/A Jan~~01-~~2005 N/A N/A Jan~~May-2005 ~~N/A~~195,500.00 ~~N/A~~195,027.70 ~~Feb-2005~~GROUP ~~N/A~~II ~~N/A~~0110451332 ~~Feb-2005~~CA ~~N/A~~66.07 ~~N/A Mar~~01-~~2005 N/A N/A Mar~~May-2005 ~~N/A~~220,000.00 ~~N/A~~219,494.19 ~~Apr-2005~~GROUP ~~N/A~~II ~~N/A~~0110451338 ~~Apr-2005~~IL ~~N/A~~84.53 ~~N/A~~ 01-May-2005 ~~N/A~~224,000.00 ~~N/A~~223,458.86 ~~May-2005~~GROUP ~~N/A~~II ~~N/A~~0110451366 ~~Jun-2005~~CA 1274.~~200%~~88 ~~N/A Jun~~01-May-2005 4153,~~585~~500.~~593%~~00 ~~N/A~~153,119.57 *TheGROUP ~~text~~II ~~reported~~0110451429 inFL ~~the~~85.00 ~~above~~01-May-2005 ~~table~~127,500.00 ~~is presented *The text reported in the above table is presented graphically on the monthly bond remittance report~~127,234.74 ~~The~~GROUP ~~graphically~~II on0110451431 ~~the~~CA ~~monthly bond remittance report~~77.70 ~~The~~01-May-2005 ~~monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www~~216,000.~~ctslink.com.~~00 ~~www~~215,572.~~ctslink.com.~~80 GROUP ~~III~~II ~~SMM~~0110451554 ~~CPR~~CA ~~PSA Current Month 1~~80.~~373%~~00 ~~Current~~01-May-2005 ~~Month 15.~~288~~% Current Month 5~~,~~817~~000.~~789%~~00 ~~3 Month Average 0.~~288,000~~% 3 Month Average 0~~.~~000%~~00 3GROUP ~~Month~~II ~~Average~~0110451747 ~~0.000%~~FL ~~12 Month Average 0~~80.~~000%~~00 1201-May-2005 ~~Month Average 0~~290,840.~~000%~~00 ~~12 Month Average 0~~290,840.~~000%~~00 ~~CPR:~~GROUP ~~Current~~II vs0110451755 ~~12mo~~IL ~~Average* PSA: Current vs 12mo Average* Month Current 12mo Avg~~80.00 ~~Month Current 12mo Avg. Jul~~01-~~2004 N/A N/A Jul~~May-~~2004~~2005 ~~N/A~~336,000.00 ~~N/A~~335,127.24 ~~Aug-2004~~GROUP ~~N/A~~III ~~N/A~~0110444037 ~~Aug-2004~~IL ~~N/A~~95.00 ~~N/A Sep~~01-~~2004 N/A N/A Sep~~Apr-~~2004~~2005 ~~N/A~~55,800.00 ~~N/A~~55,704.99 ~~Oct-2004~~GROUP ~~N/A~~III ~~N/A~~0110444040 ~~Oct-2004~~IL ~~N/A~~100.00 ~~N/A Nov~~01-~~2004 N/A N/A Nov~~Apr-~~2004~~2005 ~~N/A~~90,000.00 ~~N/A~~89,862.61 ~~Dec-2004~~GROUP ~~N/A~~III ~~N/A~~0110450423 ~~Dec-2004~~CA ~~N/A~~100.00 ~~N/A Jan~~01-~~2005 N/A N/A Jan~~May-2005 ~~N/A~~62,000.00 ~~N/A~~61,926.22 ~~Feb-2005~~GROUP ~~N/A~~III ~~N/A~~0110451743 ~~Feb-2005~~FL ~~N/A~~100.00 ~~N/A Mar~~01-~~2005 N/A N/A Mar~~May-2005 ~~N/A~~72,710.00 ~~N/A~~72,648.33 ~~Apr-2005~~GROUP ~~N/A~~III ~~N/A~~0110451754 ~~Apr-2005~~IL ~~N/A~~100.00 ~~N/A~~ 01-May-2005 ~~N/A~~84,000.00 ~~N/A~~83,909.30 ~~May-2005~~GROUP ~~N/A~~IV ~~N/A~~0110440451 ~~Jun-2005~~CA 1575.~~288%~~00 ~~N/A Jun~~01-Apr-2005 5262,~~817~~500.~~789%~~00 ~~N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report~~262,500.00 ~~The~~GROUP ~~graphically~~IV on0110441064 ~~the~~IL ~~monthly bond remittance report~~85.00 ~~The~~01-Apr-2005 ~~monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www~~174,250.~~ctslink.com.~~00 ~~www~~174,250.~~ctslink.com.~~00 GROUP IV ~~SMM~~0110441117 ~~CPR~~CA ~~PSA Current Month 0~~85.~~810%~~00 ~~Current~~01-Apr-2005 ~~Month 9~~391,000.~~301%~~00 ~~Current Month 3~~389,~~375~~937.~~633%~~89 3GROUP ~~Month~~IV ~~Average~~0110444157 0CA 87.~~000%~~84 301-May-2005 ~~Month Average 0.~~650,000%.00 ~~3 Month Average 0~~649,980.~~000%~~00 12GROUP ~~Month~~IV ~~Average~~0110444176 0CA 80.~~000%~~00 1201-May-2005 ~~Month Average 0~~227,200.~~000%~~00 ~~12 Month Average 0~~227,200.~~000%~~00 ~~CPR:~~GROUP ~~Current~~IV vs0110444237 ~~12mo~~CA ~~Average* PSA: Current vs 12mo Average* Month Current 12mo Avg~~80.00 ~~Month Current 12mo Avg. Jul~~01-~~2004 N/A N/A Jul~~May-~~2004~~2005 ~~N/A~~308,000.00 ~~N/A~~306,960.29 ~~Aug-2004~~GROUP ~~N/A~~IV ~~N/A~~0110444395 ~~Aug-2004~~OR ~~N/A~~95.00 ~~N/A Sep~~01-~~2004 N/A N/A Sep~~May-~~2004~~2005 ~~N/A~~152,950.00 ~~N/A~~152,950.00 ~~Oct-2004~~GROUP ~~N/A~~IV ~~N/A~~0110444426 ~~Oct-2004~~IL ~~N/A~~80.00 ~~N/A Nov~~01-~~2004 N/A N/A Nov~~Apr-~~2004~~2005 ~~N/A~~360,000.00 ~~N/A~~360,000.00 ~~Dec-2004~~GROUP ~~N/A~~IV ~~N/A~~0110444571 ~~Dec-2004~~CA ~~N/A~~76.16 ~~N/A Jan~~01-~~2005 N/A N/A Jan~~Apr-2005 ~~N/A~~196,500.00 ~~N/A~~196,500.00 ~~Feb-2005~~GROUP ~~N/A~~IV ~~N/A~~0110450298 ~~Feb-2005~~AZ ~~N/A~~80.00 ~~N/A Mar~~01-~~2005 N/A N/A Mar~~May-2005 ~~N/A~~208,000.00 ~~N/A~~208,000.00 ~~Apr-2005~~GROUP ~~N/A~~IV ~~N/A~~0110450424 ~~Apr-2005~~CA ~~N/A~~80.00 ~~N/A~~ 01-May-2005 ~~N/A~~248,000.00 ~~N/A~~248,000.00 ~~May-2005~~GROUP ~~N/A~~IV ~~N/A~~0110451229 ~~Jun-2005~~CA 970.~~301%~~00 ~~N/A Jun~~01-May-2005 3385,~~375~~000.~~633%~~00 ~~N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report~~385,000.00 ~~The~~GROUP ~~graphically~~IV on0110451260 ~~the~~WA ~~monthly bond remittance report~~80.00 ~~The~~01-May-2005 ~~monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www~~432,800.~~ctslink.com.~~00 ~~www~~431,820.~~ctslink.com.~~65 ~~Calculation~~GROUP ~~Methodology:~~IV ~~Single~~0110451297 ~~Month~~IL ~~Mortality~~78.46 ~~(SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance~~ 01-May-2005 ~~Scheduled~~204,000.00 ~~Principal)~~204,000.00 ~~Conditional~~GROUP ~~PrePayment~~IV ~~Rate~~0110451446 ~~(CPR):~~WI 180.00 01- ~~((1~~ May-2005 ~~SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0~~200,000.200 * MIN(30200,~~WAS))~~000.00 ~~Weighted~~GROUP ~~Average~~IV ~~Seasoning~~0110451783 ~~(WAS):~~KS ~~sum((Original~~80.00 ~~Term~~ 01-May-2005 ~~Remaining~~428,800.00 ~~Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))~~428,800.00

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. GROUP I MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. GROUP II MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. GROUP III MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. GROUP IV MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jul-2004 N/A N/A Jul-2004 N/A N/A~~ 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 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the 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: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Filing Compare · ACE Securities Corp Home Equity Loan Trust 2005-RM2