8-K 1 bsl05005_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 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2005-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-09 Pooling and Servicing Agreement) (Commission 54-2173218 (State or other File Number) 54-2173219 jurisdiction 54-2173220 of Incorporation) 54-2173221 54-2175509 IRS EIN 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 BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2005-5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-5 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2005-5 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 Mortgage Pass-Through Certificates, Series 2005-5 Trust, relating to the July 25, 2005 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 56/3130/052005 Distribution Date: 67/2725/052005 Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Series BSL 2005-5 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 I-A-1 07386HTY7 SEN 3.~~31000~~53438% ~~315~~305,~~946~~549,~~000~~049.0046 ~~784~~842,~~335~~312.9439 I-A-2 07386HTZ4 SEN 3.~~17000~~39438% ~~210~~199,~~646~~072,~~000~~512.0042 ~~500~~527,~~810~~145.8688 I-A-3 07386HUA7 SEN 3.~~37000~~59438% 141,053,000.00 ~~356~~395,~~511~~389.4673 I-A-4 07386HUB5 SEN 3.~~37000~~59438% 7471,~~183~~741,~~000~~832.0090 ~~187~~201,~~497~~119.5391 I-M-1 07386HUC3 SUB 3.~~54000~~76438% 20,506,000.00 5460,~~443~~192.4330 I-M-2 07386HUD1 SUB 3.~~74000~~96438% 16,083,000.00 4549,~~112~~711.8205 I-B-1 07386HUE9 SUB 4.~~39000~~61438% 12,062,000.00 3943,~~714~~380.1452 I-B-2 07386HUF6 SUB 45.~~79000~~01438% 4,021,000.00 1415,~~445~~712.4435 I-B-3 07386HUY5 SUB 5.~~19000~~41438% 4,021,000.00 1516,~~651~~963.7433 XP 07386HUZ2 SUB 0.00000% 0.00 0.00 B-IO 07386HVA6 SUB 0.00000% 5,~~628~~629,~~861~~049.1903 21,~~004~~732,~~967~~641.9605 II-1A-1 07386HUG4 SEN 4.~~69715~~69528% 8886,~~339~~919,~~000~~002.0075 ~~345~~340,~~784~~090.81 II-1A-2 07386HUH2 SEN 4.~~69715~~69528% 87,~~055~~925,~~000~~520.0063 31,~~529~~010.6444 II-2A-1 07386HUJ8 SEN 5.~~38383~~38271% ~~640~~634,~~148~~377,~~000~~216.0024 2,~~872~~845,~~040~~558.5133 II-3A-1 07386HUK5 SEN 5.~~38266~~38403% ~~249~~247,~~949~~128,~~000~~237.0009 1,~~121~~108,~~159~~788.8859 II-4A-1 07386HUL3 SEN 5.~~70782~~70853% 88,~~886~~674,~~000~~435.0025 ~~422~~421,~~787~~834.9105 II-5A-1 07386HUM1 SEN 5.~~29175~~29063% ~~194~~193,~~474~~801,~~000~~076.0047 ~~857~~854,~~589~~441.4847 II-6A-1 07386HUN9 SEN 5.~~43143~~43306% 46,~~639~~203,~~000~~808.0044 ~~211~~209,~~097~~190.1517 II-M-1 07386HUP4 SUB 5.~~34329~~34281% 19,~~161~~157,~~000~~769.0057 85,~~318~~296.9693 II-M-2 07386HUQ2 SUB 5.~~34329~~34281% 14,~~904~~901,~~000~~487.0027 66,~~363~~346.6451 II-M-3 07386HUR0 SUB 5.~~34329~~34281% 8,~~516~~514,~~000~~564.0025 37,~~919~~909.5475 II-M-4 07386HUS8 SUB 5.~~34329~~34281% 7,~~807~~805,~~000~~683.0078 34,~~762~~753.5457 II-M-5 07386HUT6 SUB 5.~~34329~~34281% 7,~~097~~095,~~000~~803.0049 31,~~601~~592.1094 II-M-6 07386HUU3 SUB 5.~~34329~~34281% 6,~~387~~385,~~000~~923.0019 28,~~439~~432.6531 II-B-1 07386HUV1 SUB 5.~~34329~~34281% 5,~~678~~677,~~000~~042.0072 25,~~282~~276.6613 II-B-2 07386HUW9 SUB 5.~~34329~~34281% 4,~~968~~967,~~000~~162.0042 22,~~121~~115.2150 II-B-3 07386HUX7 SUB 5.~~34329~~34281% 4,~~258~~257,~~000~~282.0013 18,~~959~~954.7787 II-B-4 07386HVD0 SUB 5.~~34329~~34281% 7,~~807~~805,~~000~~683.0078 34,~~762~~753.5457 II-B-5 07386HVE8 SUB 5.~~34329~~34281% 9,~~936~~934,~~000~~324.0085 44,~~242~~231.4301 II-B-6 07386HVF5 SUB 5.~~34329~~34281% 6,~~390~~389,~~175~~097.2357 28,~~453~~446.7944 R-X 07386HVC2 RES 0.00000% 0.00 0.00 R 07386HVB4 RES 0.00000% 0.00 0.00 Totals 2,~~223~~187,~~549~~659,~~036~~565.4270 10,~~323~~153,~~708~~591.5390

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 10,~~396~~015,~~950~~340.5463 0.00 ~~305~~295,~~549~~533,~~049~~708.4683 1110,~~181~~857,~~286~~653.4802 0.00 I-A-2 11,~~573~~148,~~487~~694.5803 0.00 ~~199~~187,~~072~~923,~~512~~818.4239 1211,~~074~~675,~~298~~839.4491 0.00 I-A-3 0.00 0.00 141,053,000.00 ~~356~~395,~~511~~389.4673 0.00 I-A-4 2,~~441~~351,~~167~~566.1045 0.00 7169,~~741~~390,~~832~~266.9044 2,~~628~~552,~~664~~686.6336 0.00 I-M-1 0.00 0.00 20,506,000.00 5460,~~443~~192.4330 0.00 I-M-2 0.00 0.00 16,083,000.00 4549,~~112~~711.8205 0.00 I-B-1 0.00 0.00 12,062,000.00 3943,~~714~~380.1452 0.00 I-B-2 0.00 0.00 4,021,000.00 1415,~~445~~712.4435 0.00 I-B-3 0.00 0.00 4,021,000.00 1516,~~651~~963.7433 0.00 XP 0.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 5,629,049.03 21,~~004~~732,~~967~~641.9605 0.00 II-1A-1 1,~~419~~645,~~997~~421.2546 0.00 8685,~~919~~273,~~002~~581.7529 1,~~765~~985,~~782~~512.0627 0.00 II-1A-2 ~~129~~150,~~479~~034.3718 0.00 7,~~925~~775,~~520~~486.6345 ~~161~~181,~~009~~044.0162 0.00 II-2A-1 58,~~770~~190,~~783~~920.7658 0.00 ~~634~~626,~~377~~186,~~216~~295.2466 811,~~642~~036,~~824~~478.2791 0.00 II-3A-1 25,~~820~~542,~~762~~188.9151 0.00 ~~247~~241,~~128~~586,~~237~~048.0958 36,~~941~~650,~~922~~977.7910 0.00 II-4A-1 ~~211~~3,~~564~~113,301.7533 0.00 8885,~~674~~561,~~435~~133.2592 ~~634~~3,~~352~~535,135.6638 0.00 II-5A-1 ~~672~~1,~~923~~599,353.5331 0.00 ~~193~~192,~~801~~201,~~076~~723.4716 12,~~530~~453,~~513~~794.0178 0.00 II-6A-1 ~~435~~17,~~191~~290.5649 0.00 46,~~203~~186,~~808~~517.4494 ~~646~~226,~~288~~480.7166 0.00 II-M-1 3,~~230~~208.4378 0.00 19,~~157~~154,~~769~~560.5779 88,~~549~~505.3971 0.00 II-M-2 2,~~512~~495.7389 0.00 14,~~901~~898,~~487~~991.2739 68,~~876~~842.3740 0.00 II-M-3 1,~~435~~426.7512 0.00 8,~~514~~513,~~564~~138.2513 39,~~355~~335.2987 0.00 II-M-4 1,~~316~~307.2239 0.00 7,~~805~~804,~~683~~376.7839 36,~~078~~060.7696 0.00 II-M-5 1,~~196~~188.5149 0.00 7,~~095~~094,~~803~~614.4999 32,~~797~~781.6143 0.00 II-M-6 1,~~076~~069.8159 0.00 6,~~385~~384,~~923~~853.1960 29,~~516~~501.4690 0.00 II-B-1 ~~957~~950.2886 0.00 5,~~677~~676,~~042~~091.7286 26,~~239~~226.9499 0.00 II-B-2 ~~837~~831.5896 0.00 4,~~967~~966,~~162~~330.4246 22,~~958~~947.7946 0.00 II-B-3 ~~717~~713.8706 0.00 4,~~257~~256,~~282~~569.1306 19,~~677~~667.6493 0.00 II-B-4 1,~~316~~307.2239 0.00 7,~~805~~804,~~683~~376.7839 36,~~078~~060.7696 0.00 II-B-5 1,~~675~~663.1592 0.00 9,~~934~~932,~~324~~660.8592 45,~~917~~894.5893 0.00 II-B-6 1,~~077~~070.6613 0.00 6,~~389~~388,~~097~~027.5745 29,~~531~~516.4557 0.00 R-X 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 3543,~~889~~791,~~658~~344.5655 0.00 2,~~187~~143,~~659~~868,~~565~~221.7012 4653,~~213~~944,~~367~~936.0945 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 315,946,000.00 ~~315~~305,~~946~~549,~~000~~049.0046 0.00 10,~~396~~015,~~950~~340.5463 0.00 0.00 I-A-2 210,646,000.00 ~~210~~199,~~646~~072,~~000~~512.0042 0.00 11,~~573~~148,~~487~~694.5803 0.00 0.00 I-A-3 141,053,000.00 141,053,000.00 0.00 0.00 0.00 0.00 I-A-4 74,183,000.00 7471,~~183~~741,~~000~~832.0090 0.00 2,~~441~~351,~~167~~566.1045 0.00 0.00 I-M-1 20,506,000.00 20,506,000.00 0.00 0.00 0.00 0.00 I-M-2 16,083,000.00 16,083,000.00 0.00 0.00 0.00 0.00 I-B-1 12,062,000.00 12,062,000.00 0.00 0.00 0.00 0.00 I-B-2 4,021,000.00 4,021,000.00 0.00 0.00 0.00 0.00 I-B-3 4,021,000.00 4,021,000.00 0.00 0.00 0.00 0.00 XP 0.00 0.00 0.00 0.00 0.00 0.00 B-IO 5,628,861.19 5,~~628~~629,~~861~~049.1903 0.00 0.00 0.00 0.00 II-1A-1 88,339,000.00 8886,~~339~~919,~~000~~002.0075 10,~~328~~166.6830 1,~~409~~635,~~668~~255.5716 0.00 0.00 II-1A-2 8,055,000.00 87,~~055~~925,~~000~~520.0063 ~~941~~926.8099 ~~128~~149,~~537~~107.5719 0.00 0.00 II-2A-1 640,148,000.00 ~~640~~634,~~148~~377,~~000~~216.0024 6465,~~858~~299.0232 58,~~705~~125,~~925~~621.7426 0.00 0.00 II-3A-1 249,949,000.00 ~~249~~247,~~949~~128,~~000~~237.0009 2723,~~362~~735.3186 25,~~793~~518,~~400~~452.6065 0.00 0.00 II-4A-1 88,886,000.00 88,~~886~~674,~~000~~435.0025 10,~~795~~847.1990 ~~200~~3,~~769~~102,453.5643 0.00 0.00 II-5A-1 194,474,000.00 ~~194~~193,~~474~~801,~~000~~076.0047 9394,~~814~~106.83 ~~579~~1,~~108~~505,246.7048 0.00 0.00 II-6A-1 46,639,000.00 46,~~639~~203,~~000~~808.0044 13,~~847~~909.8450 ~~421~~3,~~343~~380.7299 0.00 0.00 II-M-1 19,161,000.00 19,~~161~~157,~~000~~769.0057 3,~~230~~208.4378 0.00 0.00 0.00 II-M-2 14,904,000.00 14,~~904~~901,~~000~~487.0027 2,~~512~~495.7389 0.00 0.00 0.00 II-M-3 8,516,000.00 8,~~516~~514,~~000~~564.0025 1,~~435~~426.7512 0.00 0.00 0.00 II-M-4 7,807,000.00 7,~~807~~805,~~000~~683.0078 1,~~316~~307.2239 0.00 0.00 0.00 II-M-5 7,097,000.00 7,~~097~~095,~~000~~803.0049 1,~~196~~188.5149 0.00 0.00 0.00 II-M-6 6,387,000.00 6,~~387~~385,~~000~~923.0019 1,~~076~~069.8159 0.00 0.00 0.00 II-B-1 5,678,000.00 5,~~678~~677,~~000~~042.0072 ~~957~~950.2886 0.00 0.00 0.00 II-B-2 4,968,000.00 4,~~968~~967,~~000~~162.0042 ~~837~~831.5896 0.00 0.00 0.00 II-B-3 4,258,000.00 4,~~258~~257,~~000~~282.0013 ~~717~~713.8706 0.00 0.00 0.00 II-B-4 7,807,000.00 7,~~807~~805,~~000~~683.0078 1,~~316~~307.2239 0.00 0.00 0.00 II-B-5 9,936,000.00 9,~~936~~934,~~000~~324.0085 1,~~675~~663.1592 0.00 0.00 0.00 II-B-6 6,390,175.23 6,~~390~~389,~~175~~097.2357 1,~~077~~070.6613 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 0.00 ~~0.00 0.00 0.00 0.00 0.00 0.00~~ R 0.00 0.00 0.00 0.00 0.00 0.00 ~~0.00 0.00 0.00 0.00 0.00 0.00~~ Totals 2,223,549,036.42 2,~~223~~187,~~549~~659,~~036~~565.4270 ~~239~~236,~~298~~226.8828 3543,~~650~~555,~~359~~118.6827 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 10,~~396~~015,~~950~~340.5463 ~~305~~295,~~549~~533,~~049~~708.4683 0.~~96709263~~93539310 10,~~396~~015,~~950~~340.5463 I-A-2 11,~~573~~148,~~487~~694.5803 ~~199~~187,~~072~~923,~~512~~818.4239 0.~~94505717~~89213096 11,~~573~~148,~~487~~694.5803 I-A-3 0.00 141,053,000.00 1.00000000 0.00 I-A-4 2,~~441~~351,~~167~~566.1045 7169,~~741~~390,~~832~~266.9044 0.~~96709263~~93539310 2,~~441~~351,~~167~~566.1045 I-M-1 0.00 20,506,000.00 1.00000000 0.00 I-M-2 0.00 16,083,000.00 1.00000000 0.00 I-B-1 0.00 12,062,000.00 1.00000000 0.00 I-B-2 0.00 4,021,000.00 1.00000000 0.00 I-B-3 0.00 4,021,000.00 1.00000000 0.00 XP 0.00 0.00 0.00000000 0.00 B-IO 0.00 5,629,049.03 1.00003337 0.00 II-1A-1 1,~~419~~645,~~997~~421.2546 8685,~~919~~273,~~002~~581.7529 0.~~98392559~~96529937 1,~~419~~645,~~997~~421.2546 II-1A-2 ~~129~~150,~~479~~034.3718 7,~~925~~775,~~520~~486.6345 0.~~98392559~~96529937 ~~129~~150,~~479~~034.3718 II-2A-1 58,~~770~~190,~~783~~920.7658 ~~634~~626,~~377~~186,~~216~~295.2466 0.~~99098524~~97818988 58,~~770~~190,~~783~~920.7658 II-3A-1 25,~~820~~542,~~762~~188.9151 ~~247~~241,~~128~~586,~~237~~048.0958 0.~~98871465~~96654137 25,~~820~~542,~~762~~188.9151 II-4A-1 ~~211~~3,~~564~~113,301.7533 8885,~~674~~561,~~435~~133.2592 0.~~99761982~~96259404 ~~211~~3,~~564~~113,301.7533 II-5A-1 ~~672~~1,~~923~~599,353.5331 ~~193~~192,~~801~~201,~~076~~723.4716 0.~~99653978~~98831578 ~~672~~1,~~923~~599,353.5331 II-6A-1 ~~435~~17,~~191~~290.5649 46,~~203~~186,~~808~~517.4494 0.~~99066893~~99029820 ~~435~~17,~~191~~290.5649 II-M-1 3,~~230~~208.4378 19,~~157~~154,~~769~~560.5779 0.~~99983141~~99966394 3,~~230~~208.4378 II-M-2 2,~~512~~495.7389 14,~~901~~898,~~487~~991.2739 0.~~99983141~~99966394 2,~~512~~495.7389 II-M-3 1,~~435~~426.7512 8,~~514~~513,~~564~~138.2513 0.~~99983141~~99966394 1,~~435~~426.7512 II-M-4 1,~~316~~307.2239 7,~~805~~804,~~683~~376.7839 0.~~99983141~~99966394 1,~~316~~307.2239 II-M-5 1,~~196~~188.5149 7,~~095~~094,~~803~~614.4999 0.~~99983141~~99966394 1,~~196~~188.5149 II-M-6 1,~~076~~069.8159 6,~~385~~384,~~923~~853.1960 0.~~99983141~~99966394 1,~~076~~069.8159 II-B-1 ~~957~~950.2886 5,~~677~~676,~~042~~091.7286 0.~~99983141~~99966394 ~~957~~950.2886 II-B-2 ~~837~~831.5896 4,~~967~~966,~~162~~330.4246 0.~~99983140~~99966394 ~~837~~831.5896 II-B-3 ~~717~~713.8706 4,~~257~~256,~~282~~569.1306 0.~~99983141~~99966394 ~~717~~713.8706 II-B-4 1,~~316~~307.2239 7,~~805~~804,~~683~~376.7839 0.~~99983141~~99966394 1,~~316~~307.2239 II-B-5 1,~~675~~663.1592 9,~~934~~932,~~324~~660.8592 0.~~99983141~~99966394 1,~~675~~663.1592 II-B-6 1,~~077~~070.6613 6,~~389~~388,~~097~~027.5745 0.~~99983136~~99966389 1,~~077~~070.6613 R-X 0.00 0.00 0.00000000 0.00 R-X 0.00 0.00 0.00000000 0.00 ~~R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00~~ Totals 3543,~~889~~791,~~658~~344.5655 2,~~187~~143,~~659~~868,~~565~~221.7012 0.~~98385938~~96416503 3543,~~889~~791,~~658~~344.5655

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 315,946,000.00 ~~1000~~967.~~00000000~~09263437 0.00000000 3231.~~90736563~~69953293 0.00000000 I-A-2 210,646,000.00 ~~1000~~945.~~00000000~~05716899 0.00000000 5452.~~94283101~~92620809 0.00000000 I-A-3 141,053,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-4 74,183,000.00 ~~1000~~967.~~00000000~~09263443 0.00000000 3231.~~90736557~~69953291 0.00000000 I-M-1 20,506,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-2 16,083,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-1 12,062,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-2 4,021,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-3 4,021,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 XP 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 5,628,861.19 1000.~~00000000~~03337087 0.00000000 0.00000000 0.00000000 II-1A-1 88,339,000.00 ~~1000~~983.~~00000000~~92559062 0.~~11692095~~11508281 1518.~~95748843~~51113506 0.00000000 II-1A-2 8,055,000.00 ~~1000~~983.~~00000000~~92559032 0.~~11692117~~11508256 1518.~~95748852~~51113470 0.00000000 II-2A-1 640,148,000.00 ~~1000~~990.~~00000000~~98523504 0.~~10131723~~10200660 812.~~91344773~~69334788 0.00000000 II-3A-1 249,949,000.00 ~~1000~~988.~~00000000~~71464615 0.~~10947157~~09496281 1122.~~17588228~~07831458 0.00000000 II-4A-1 88,886,000.00 ~~1000~~997.~~00000000~~61981921 0.~~12144983~~12204284 234.~~25873096~~90373546 0.00000000 II-5A-1 194,474,000.00 ~~1000~~996.~~00000000~~53977637 0.~~48240294~~48390443 27.~~97782069~~74009112 0.00000000 II-6A-1 46,639,000.00 ~~1000~~990.~~00000000~~66893458 0.~~29691546~~29823753 90.~~03414996~~07249276 0.00000000 II-M-1 19,161,000.00 ~~1000~~999.~~00000000~~83140598 0.~~16859402~~16746412 0.00000000 0.00000000 II-M-2 14,904,000.00 ~~1000~~999.~~00000000~~83140566 0.~~16859434~~16746444 0.00000000 0.00000000 II-M-3 8,516,000.00 ~~1000~~999.~~00000000~~83140559 0.~~16859441~~16746360 0.00000000 0.00000000 II-M-4 7,807,000.00 ~~1000~~999.~~00000000~~83140515 0.~~16859485~~16746381 0.00000000 0.00000000 II-M-5 7,097,000.00 ~~1000~~999.~~00000000~~83140623 0.~~16859377~~16746372 0.00000000 0.00000000 II-M-6 6,387,000.00 ~~1000~~999.~~00000000~~83140598 0.~~16859402~~16746360 0.00000000 0.00000000 II-B-1 5,678,000.00 ~~1000~~999.~~00000000~~83140542 0.~~16859458~~16746390 0.00000000 0.00000000 II-B-2 4,968,000.00 ~~1000~~999.~~00000000~~83140499 0.~~16859501~~16746377 0.00000000 0.00000000 II-B-3 4,258,000.00 ~~1000~~999.~~00000000~~83140676 0.~~16859324~~16746360 0.00000000 0.00000000 II-B-4 7,807,000.00 ~~1000~~999.~~00000000~~83140515 0.~~16859485~~16746381 0.00000000 0.00000000 II-B-5 9,936,000.00 ~~1000~~999.~~00000000~~83140600 0.~~16859400~~16746377 0.00000000 0.00000000 II-B-6 6,390,175.23 ~~1000~~999.~~00000000~~83135674 0.~~16864326~~16746489 0.00000000 0.00000000 R-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 3231.~~90736563~~69953293 ~~967~~935.~~09263437~~39310145 0.~~96709263~~93539310 3231.~~90736563~~69953293 I-A-2 0.00000000 5452.~~94283101~~92620809 ~~945~~892.~~05716899~~13096090 0.~~94505717~~89213096 5452.~~94283101~~92620809 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-4 0.00000000 3231.~~90736557~~69953291 ~~967~~935.~~09263443~~39310138 0.~~96709263~~93539310 3231.~~90736557~~69953291 I-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 XP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 1,000.03337087 1.00003337 0.00000000 II-1A-1 0.00000000 1618.~~07440938~~62621787 ~~983~~965.~~92559062~~29937276 0.~~98392559~~96529937 1618.~~07440938~~62621787 II-1A-2 0.00000000 1618.~~07440968~~62621726 ~~983~~965.~~92559032~~29937306 0.~~98392559~~96529937 1618.~~07440968~~62621726 II-2A-1 0.00000000 912.~~01476496~~79535448 ~~990~~978.~~98523504~~18988056 0.~~99098524~~97818988 912.~~01476496~~79535448 II-3A-1 0.00000000 1122.~~28535385~~17327739 ~~988~~966.~~71464615~~54136876 0.~~98871465~~96654137 1122.~~28535385~~17327739 II-4A-1 0.00000000 235.~~38018079~~02577830 ~~997~~962.~~61981921~~59404091 0.~~99761982~~96259404 235.~~38018079~~02577830 II-5A-1 0.00000000 38.~~46022363~~22399555 ~~996~~988.~~53977637~~31578082 0.~~99653978~~98831578 38.~~46022363~~22399555 II-6A-1 0.00000000 90.~~33106542~~37073029 990.~~66893458~~29820408 0.~~99066893~~99029820 90.~~33106542~~37073029 II-M-1 0.00000000 0.~~16859402~~16746412 999.~~83140598~~66394186 0.~~99983141~~99966394 0.~~16859402~~16746412 II-M-2 0.00000000 0.~~16859434~~16746444 999.~~83140566~~66394189 0.~~99983141~~99966394 0.~~16859434~~16746444 II-M-3 0.00000000 0.~~16859441~~16746360 999.~~83140559~~66394199 0.~~99983141~~99966394 0.~~16859441~~16746360 II-M-4 0.00000000 0.~~16859485~~16746381 999.~~83140515~~66394133 0.~~99983141~~99966394 0.~~16859485~~16746381 II-M-5 0.00000000 0.~~16859377~~16746372 999.~~83140623~~66394110 0.~~99983141~~99966394 0.~~16859377~~16746372 II-M-6 0.00000000 0.~~16859402~~16746360 999.~~83140598~~66394238 0.~~99983141~~99966394 0.~~16859402~~16746360 II-B-1 0.00000000 0.~~16859458~~16746390 999.~~83140542~~66394153 0.~~99983141~~99966394 0.~~16859458~~16746390 II-B-2 0.00000000 0.~~16859501~~16746377 999.~~83140499~~66394122 0.~~99983140~~99966394 0.~~16859501~~16746377 II-B-3 0.00000000 0.~~16859324~~16746360 999.~~83140676~~66394082 0.~~99983141~~99966394 0.~~16859324~~16746360 II-B-4 0.00000000 0.~~16859485~~16746381 999.~~83140515~~66394133 0.~~99983141~~99966394 0.~~16859485~~16746381 II-B-5 0.00000000 0.~~16859400~~16746377 999.~~83140600~~66394122 0.~~99983141~~99966394 0.~~16859400~~16746377 II-B-6 0.00000000 0.~~16864326~~16746489 999.~~83135674~~66389341 0.~~99983136~~99966389 0.~~16864326~~16746489 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 I-A-1 315,946,000.00 3.~~31000~~53438% ~~315~~305,~~946~~549,~~000~~049.0046 ~~784~~839,~~335~~942.9479 0.00 0.00 I-A-2 210,646,000.00 3.~~17000~~39438% ~~210~~199,~~646~~072,~~000~~512.0042 ~~500~~525,~~810~~566.8603 0.00 0.00 I-A-3 141,053,000.00 3.~~37000~~59438% 141,053,000.00 ~~356~~394,~~511~~331.4684 0.00 0.00 I-A-4 74,183,000.00 3.~~37000~~59438% 7471,~~183~~741,~~000~~832.0090 ~~187~~200,~~497~~563.5354 0.00 0.00 I-M-1 20,506,000.00 3.~~54000~~76438% 20,506,000.00 5460,~~443~~038.4351 0.00 0.00 I-M-2 16,083,000.00 3.~~74000~~96438% 16,083,000.00 4549,~~112~~590.8243 0.00 0.00 I-B-1 12,062,000.00 4.~~39000~~61438% 12,062,000.00 3943,~~714~~290.1406 0.00 0.00 I-B-2 4,021,000.00 45.~~79000~~01438% 4,021,000.00 1415,~~445~~682.4419 0.00 0.00 I-B-3 4,021,000.00 5.~~19000~~41438% 4,021,000.00 1516,~~651~~933.7417 0.00 0.00 XP 0.00 0.00000% 0.00 0.00 0.00 0.00 B-IO 5,628,861.19 0.00000% ~~804~~779,~~149~~738,~~861~~443.1281 0.00 0.00 0.00 II-1A-1 88,339,000.00 4.~~69715~~69528% 8886,~~339~~919,~~000~~002.0075 ~~345~~340,~~784~~090.81 0.00 0.00 II-1A-2 8,055,000.00 4.~~69715~~69528% 87,~~055~~925,~~000~~520.0063 31,~~529~~010.6444 0.00 0.00 II-2A-1 640,148,000.00 5.~~38383~~38271% ~~640~~634,~~148~~377,~~000~~216.0024 2,~~872~~845,~~040~~558.5133 0.00 0.00 II-3A-1 249,949,000.00 5.~~38266~~38403% ~~249~~247,~~949~~128,~~000~~237.0009 1,~~121~~108,~~159~~788.8859 0.00 0.00 II-4A-1 88,886,000.00 5.~~70782~~70853% 88,~~886~~674,~~000~~435.0025 ~~422~~421,~~787~~834.9105 0.00 0.00 II-5A-1 194,474,000.00 5.~~29175~~29063% ~~194~~193,~~474~~801,~~000~~076.0047 ~~857~~854,~~589~~441.4847 0.00 0.00 II-6A-1 46,639,000.00 5.~~43143~~43306% 46,~~639~~203,~~000~~808.0044 ~~211~~209,~~097~~190.1517 0.00 0.00 II-M-1 19,161,000.00 5.~~34329~~34281% 19,~~161~~157,~~000~~769.0057 85,~~318~~296.9693 0.00 0.00 II-M-2 14,904,000.00 5.~~34329~~34281% 14,~~904~~901,~~000~~487.0027 66,~~363~~346.6451 0.00 0.00 II-M-3 8,516,000.00 5.~~34329~~34281% 8,~~516~~514,~~000~~564.0025 37,~~919~~909.5475 0.00 0.00 II-M-4 7,807,000.00 5.~~34329~~34281% 7,~~807~~805,~~000~~683.0078 34,~~762~~753.5457 0.00 0.00 II-M-5 7,097,000.00 5.~~34329~~34281% 7,~~097~~095,~~000~~803.0049 31,~~601~~592.1094 0.00 0.00 II-M-6 6,387,000.00 5.~~34329~~34281% 6,~~387~~385,~~000~~923.0019 28,~~439~~432.6531 0.00 0.00 II-B-1 5,678,000.00 5.~~34329~~34281% 5,~~678~~677,~~000~~042.0072 25,~~282~~276.6613 0.00 0.00 II-B-2 4,968,000.00 5.~~34329~~34281% 4,~~968~~967,~~000~~162.0042 22,~~121~~115.2150 0.00 0.00 II-B-3 4,258,000.00 5.~~34329~~34281% 4,~~258~~257,~~000~~282.0013 18,~~959~~954.7787 0.00 0.00 II-B-4 7,807,000.00 5.~~34329~~34281% 7,~~807~~805,~~000~~683.0078 34,~~762~~753.5457 0.00 0.00 II-B-5 9,936,000.00 5.~~34329~~34281% 9,~~936~~934,~~000~~324.0085 44,~~242~~231.4301 0.00 0.00 II-B-6 6,390,175.23 5.~~34329~~34281% 6,~~390~~389,~~175~~097.2357 28,~~453~~446.7944 0.00 0.00 R-X 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 2,223,549,036.42 8,~~318~~414,~~740~~961.5795 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 ~~784~~842,~~335~~312.9439 0.00 ~~305~~295,~~549~~533,~~049~~708.4683 I-A-2 0.00 0.00 ~~500~~527,~~810~~145.8688 0.00 ~~199~~187,~~072~~923,~~512~~818.4239 I-A-3 0.00 0.00 ~~356~~395,~~511~~389.4673 0.00 141,053,000.00 I-A-4 0.00 0.00 ~~187~~201,~~497~~119.5391 0.00 7169,~~741~~390,~~832~~266.9044 I-M-1 0.00 0.00 5460,~~443~~192.4330 0.00 20,506,000.00 I-M-2 0.00 0.00 4549,~~112~~711.8205 0.00 16,083,000.00 I-B-1 0.00 0.00 3943,~~714~~380.1452 0.00 12,062,000.00 I-B-2 0.00 0.00 1415,~~445~~712.4435 0.00 4,021,000.00 I-B-3 0.00 0.00 1516,~~651~~963.7433 0.00 4,021,000.00 XP 0.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 21,~~004~~732,~~967~~641.9605 0.00 ~~779~~756,~~738~~222,~~443~~842.8169 II-1A-1 0.00 0.00 ~~345~~340,~~784~~090.81 0.00 8685,~~919~~273,~~002~~581.7529 II-1A-2 0.00 0.00 31,~~529~~010.6444 0.00 7,~~925~~775,~~520~~486.6345 II-2A-1 0.00 0.00 2,~~872~~845,~~040~~558.5133 0.00 ~~634~~626,~~377~~186,~~216~~295.2466 II-3A-1 0.00 0.00 1,~~121~~108,~~159~~788.8859 0.00 ~~247~~241,~~128~~586,~~237~~048.0958 II-4A-1 0.00 0.00 ~~422~~421,~~787~~834.9105 0.00 8885,~~674~~561,~~435~~133.2592 II-5A-1 0.00 0.00 ~~857~~854,~~589~~441.4847 0.00 ~~193~~192,~~801~~201,~~076~~723.4716 II-6A-1 0.00 0.00 ~~211~~209,~~097~~190.1517 0.00 46,~~203~~186,~~808~~517.4494 II-M-1 0.00 0.00 85,~~318~~296.9693 0.00 19,~~157~~154,~~769~~560.5779 II-M-2 0.00 0.00 66,~~363~~346.6451 0.00 14,~~901~~898,~~487~~991.2739 II-M-3 0.00 0.00 37,~~919~~909.5475 0.00 8,~~514~~513,~~564~~138.2513 II-M-4 0.00 0.00 34,~~762~~753.5457 0.00 7,~~805~~804,~~683~~376.7839 II-M-5 0.00 0.00 31,~~601~~592.1094 0.00 7,~~095~~094,~~803~~614.4999 II-M-6 0.00 0.00 28,~~439~~432.6531 0.00 6,~~385~~384,~~923~~853.1960 II-B-1 0.00 0.00 25,~~282~~276.6613 0.00 5,~~677~~676,~~042~~091.7286 II-B-2 0.00 0.00 22,~~121~~115.2150 0.00 4,~~967~~966,~~162~~330.4246 II-B-3 0.00 0.00 18,~~959~~954.7787 0.00 4,~~257~~256,~~282~~569.1306 II-B-4 0.00 0.00 34,~~762~~753.5457 0.00 7,~~805~~804,~~683~~376.7839 II-B-5 0.00 0.00 44,~~242~~231.4301 0.00 9,~~934~~932,~~324~~660.8592 II-B-6 0.00 0.00 28,~~453~~446.7944 0.00 6,~~389~~388,~~097~~027.5745 R-X 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 10,~~323~~153,~~708~~591.5390 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 315,946,000.00 3.~~31000~~53438% ~~1000~~967.~~00000000~~09263437 2.~~48249998~~65850110 0.00000000 0.00000000 I-A-2 210,646,000.00 3.~~17000~~39438% ~~1000~~945.~~00000000~~05716899 2.~~37749998~~49502022 0.00000000 0.00000000 I-A-3 141,053,000.00 3.~~37000~~59438% 1000.00000000 2.~~52750002~~79562888 0.00000000 0.00000000 I-A-4 74,183,000.00 3.~~37000~~59438% ~~1000~~967.~~00000000~~09263443 2.~~52749997~~70363210 0.00000000 0.00000000 I-M-1 20,506,000.00 3.~~54000~~76438% 1000.00000000 2.~~65500000~~92785087 0.00000000 0.00000000 I-M-2 16,083,000.00 3.~~74000~~96438% 1000.00000000 23.~~80500031~~08340670 0.00000000 0.00000000 I-B-1 12,062,000.00 4.~~39000~~61438% 1000.00000000 3.~~29250041~~58896203 0.00000000 0.00000000 I-B-2 4,021,000.00 45.~~79000~~01438% 1000.00000000 3.~~59249938~~90007212 0.00000000 0.00000000 I-B-3 4,021,000.00 5.~~19000~~41438% 1000.00000000 34.~~89249938~~21118379 0.00000000 0.00000000 XP 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 5,628,861.19 0.00000% ~~142861~~138525.~~91006959~~07949481 0.00000000 0.00000000 0.00000000 II-1A-1 88,339,000.00 4.~~69715~~69528% ~~1000~~983.~~00000000~~92559062 3.~~91429391~~84983767 0.00000000 0.00000000 II-1A-2 8,055,000.00 4.~~69715~~69528% ~~1000~~983.~~00000000~~92559032 3.~~91429423~~84983737 0.00000000 0.00000000 II-2A-1 640,148,000.00 5.~~38383~~38271% ~~1000~~990.~~00000000~~98523504 4.~~48652579~~44515695 0.00000000 0.00000000 II-3A-1 249,949,000.00 5.~~38266~~38403% ~~1000~~988.~~00000000~~71464615 4.~~48555457~~43605932 0.00000000 0.00000000 II-4A-1 88,886,000.00 5.~~70782~~70853% ~~1000~~997.~~00000000~~61981921 4.~~75651857~~74578730 0.00000000 0.00000000 II-5A-1 194,474,000.00 5.~~29175~~29063% ~~1000~~996.~~00000000~~53977637 4.~~40978989~~39360259 0.00000000 0.00000000 II-6A-1 46,639,000.00 5.~~43143~~43306% ~~1000~~990.~~00000000~~66893458 4.~~52619374~~48530565 0.00000000 0.00000000 II-M-1 19,161,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140598 4.~~45274046~~45159073 0.00000000 0.00000000 II-M-2 14,904,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140566 4.~~45274020~~45159085 0.00000000 0.00000000 II-M-3 8,516,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140559 4.~~45274072~~45159112 0.00000000 0.00000000 II-M-4 7,807,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140515 4.~~45273985~~45159088 0.00000000 0.00000000 II-M-5 7,097,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140623 4.~~45274059~~45159081 0.00000000 0.00000000 II-M-6 6,387,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140598 4.~~45273994~~45159073 0.00000000 0.00000000 II-B-1 5,678,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140542 4.~~45274040~~45159035 0.00000000 0.00000000 II-B-2 4,968,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140499 4.~~45273953~~45159018 0.00000000 0.00000000 II-B-3 4,258,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140676 4.~~45274072~~45158995 0.00000000 0.00000000 II-B-4 7,807,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140515 4.~~45273985~~45159088 0.00000000 0.00000000 II-B-5 9,936,000.00 5.~~34329~~34281% ~~1000~~999.~~00000000~~83140600 4.~~45274054~~45159118 0.00000000 0.00000000 II-B-6 6,390,175.23 5.~~34329~~34281% ~~1000~~999.~~00000000~~83135674 4.~~45274018~~45158998 0.00000000 0.00000000 R-X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 2.~~48249998~~66600112 0.00000000 ~~967~~935.~~09263437~~39310145 I-A-2 0.00000000 0.00000000 2.~~37749998~~50252025 0.00000000 ~~945~~892.~~05716899~~13096090 I-A-3 0.00000000 0.00000000 2.~~52750002~~80312882 0.00000000 1000.00000000 I-A-4 0.00000000 0.00000000 2.~~52749997~~71113207 0.00000000 ~~967~~935.~~09263443~~39310138 I-M-1 0.00000000 0.00000000 2.~~65500000~~93535063 0.00000000 1000.00000000 I-M-2 0.00000000 0.00000000 23.~~80500031~~09090655 0.00000000 1000.00000000 I-B-1 0.00000000 0.00000000 3.~~29250041~~59646161 0.00000000 1000.00000000 I-B-2 0.00000000 0.00000000 3.~~59249938~~90757274 0.00000000 1000.00000000 I-B-3 0.00000000 0.00000000 34.~~89249938~~21868441 0.00000000 1000.00000000 XP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 ~~356~~307.~~19424468~~81378178 0.00000000 ~~138525~~134347.~~07949481~~39588773 II-1A-1 0.00000000 0.00000000 3.~~91429391~~84983767 0.00000000 ~~983~~965.~~92559062~~29937276 II-1A-2 0.00000000 0.00000000 3.~~91429423~~84983737 0.00000000 ~~983~~965.~~92559032~~29937306 II-2A-1 0.00000000 0.00000000 4.~~48652579~~44515695 0.00000000 ~~990~~978.~~98523504~~18988056 II-3A-1 0.00000000 0.00000000 4.~~48555457~~43605932 0.00000000 ~~988~~966.~~71464615~~54136876 II-4A-1 0.00000000 0.00000000 4.~~75651857~~74578730 0.00000000 ~~997~~962.~~61981921~~59404091 II-5A-1 0.00000000 0.00000000 4.~~40978989~~39360259 0.00000000 ~~996~~988.~~53977637~~31578082 II-6A-1 0.00000000 0.00000000 4.~~52619374~~48530565 0.00000000 990.~~66893458~~29820408 II-M-1 0.00000000 0.00000000 4.~~45274046~~45159073 0.00000000 999.~~83140598~~66394186 II-M-2 0.00000000 0.00000000 4.~~45274020~~45159085 0.00000000 999.~~83140566~~66394189 II-M-3 0.00000000 0.00000000 4.~~45274072~~45159112 0.00000000 999.~~83140559~~66394199 II-M-4 0.00000000 0.00000000 4.~~45273985~~45159088 0.00000000 999.~~83140515~~66394133 II-M-5 0.00000000 0.00000000 4.~~45274059~~45159081 0.00000000 999.~~83140623~~66394110 II-M-6 0.00000000 0.00000000 4.~~45273994~~45159073 0.00000000 999.~~83140598~~66394238 II-B-1 0.00000000 0.00000000 4.~~45274040~~45159035 0.00000000 999.~~83140542~~66394153 II-B-2 0.00000000 0.00000000 4.~~45273953~~45159018 0.00000000 999.~~83140499~~66394122 II-B-3 0.00000000 0.00000000 4.~~45274072~~45158995 0.00000000 999.~~83140676~~66394082 II-B-4 0.00000000 0.00000000 4.~~45273985~~45159088 0.00000000 999.~~83140515~~66394133 II-B-5 0.00000000 0.00000000 4.~~45274054~~45159118 0.00000000 999.~~83140600~~66394122 II-B-6 0.00000000 0.00000000 4.~~45274018~~45158998 0.00000000 999.~~83135674~~66389341 R-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 4654,~~319~~901,~~987~~428.2747 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~563~~268,~~795~~389.5236 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4655,~~883~~169,~~782~~817.7983 Withdrawals Reimbursement for Servicer Advances 0563,795.0052 Payment of Service Fee ~~670~~661,~~415~~085.7078 Payment of Interest and Principal 4653,~~213~~944,~~367~~936.0953 Total Withdrawals (Pool Distribution Amount) 4655,~~883~~169,~~782~~817.7983 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~655~~646,~~067~~062.9918 Additional Servicing Fee 15,~~332~~008.7266 Additional Servicing Fee 14.9994 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~670~~661,~~415~~085.7078

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 02 0 0 02 0262,403.0051 0.00 0.00 0262,403.0051 30 Days ~~247~~169 0 0 0 ~~247~~169 ~~114~~50,~~860~~354,~~758~~063.3444 0.00 0.00 0.00 ~~114~~50,~~860~~354,~~758~~063.3444 60 Days 111 0 0 0 111 ~~287~~2,~~908~~571,673.7813 0.00 0.00 0.00 ~~287~~2,~~908~~571,673.7813 90 Days 10 0 0 0 10 ~~233,599~~0.6000 0.00 0.00 0.00 ~~233,599~~0.6000 120 Days 1 0 0 0 1 ~~128~~233,~~000~~599.0060 0.00 0.00 0.00 ~~128~~233,~~000~~599.0060 150 Days 0 0 01 0 01 0.00 0.00 0128,000.00 0.00 0128,000.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~250~~181 02 01 0 ~~250~~184 ~~115~~53,~~510~~159,~~266~~336.7217 0262,403.0051 0128,000.00 0.00 ~~115~~53,~~510~~549,~~266~~739.7268 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~~022384% 0.000000% 0.000000% 0.~~000000~~022384% 0.~~000000~~012238% 0.000000% 0.000000% 0.~~000000~~012238% 30 Days 21.~~715778~~891438% 0.000000% 0.000000% 0.000000% 21.~~715778~~891438% 52.~~249798~~348452% 0.000000% 0.000000% 0.000000% 52.~~249798~~348452% 60 Days 0.~~010995~~123111% 0.000000% 0.000000% 0.000000% 0.~~010995~~123111% 0.~~013159~~119940% 0.000000% 0.000000% 0.000000% 0.~~013159~~119940% 90 Days 0.~~010995~~000000% 0.000000% 0.000000% 0.000000% 0.~~010995~~000000% 0.~~010677~~000000% 0.000000% 0.000000% 0.000000% 0.~~010677~~000000% 120 Days 0.~~010995~~011192% 0.000000% 0.000000% 0.000000% 0.~~010995~~011192% 0.~~005850~~010895% 0.000000% 0.000000% 0.000000% 0.~~005850~~010895% 150 Days 0.000000% 0.000000% 0.~~000000~~011192% 0.000000% 0.~~000000~~011192% 0.000000% 0.000000% 0.~~000000~~005970% 0.000000% 0.~~000000~~005970% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~748763~~025741% 0.~~000000~~022384% 0.~~000000~~011192% 0.000000% 2.~~748763~~059317% 52.~~279484~~479286% 0.~~000000~~012238% 0.~~000000~~005970% 0.000000% 52.~~279484~~497494%

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 02 0 0 02 0262,403.0051 0.00 0.00 0262,403.0051 30 Days 7371 0 0 0 7371 2527,~~632~~842,~~347~~988.1379 0.00 0.00 0.00 2527,~~632~~842,~~347~~988.1379 60 Days 15 0 0 0 15 ~~287~~1,~~908~~266,473.7813 0.00 0.00 0.00 ~~287~~1,~~908~~266,473.7813 90 Days 10 0 0 0 10 ~~233,599~~0.6000 0.00 0.00 0.00 ~~233,599~~0.6000 120 Days 1 0 0 0 1 ~~128~~233,~~000~~599.0060 0.00 0.00 0.00 ~~128~~233,~~000~~599.0060 150 Days 0 0 01 0 01 0.00 0.00 0128,000.00 0.00 0128,000.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 7677 02 01 0 7680 2629,~~281~~343,~~855~~061.5152 0262,403.0051 0128,000.00 0.00 2629,~~281~~733,~~855~~465.5103 0-29 Days 0.~~000000~~064205% 0.000000% 0.000000% 0.~~000000~~064205% 0.~~000000~~034694% 0.000000% 0.000000% 0.~~000000~~034694% 30 Days 2.~~276981~~279294% 0.000000% 0.000000% 0.000000% 2.~~276981~~279294% 3.~~286868~~681312% 0.000000% 0.000000% 0.000000% 3.~~286868~~681312% 60 Days 0.~~031192~~160514% 0.000000% 0.000000% 0.000000% 0.~~031192~~160514% 0.~~036919~~167449% 0.000000% 0.000000% 0.000000% 0.~~036919~~167449% 90 Days 0.~~031192~~000000% 0.000000% 0.000000% 0.000000% 0.~~031192~~000000% 0.~~029955~~000000% 0.000000% 0.000000% 0.000000% 0.~~029955~~000000% 120 Days 0.~~031192~~032103% 0.000000% 0.000000% 0.000000% 0.~~031192~~032103% 0.~~016414~~030886% 0.000000% 0.000000% 0.000000% 0.~~016414~~030886% 150 Days 0.000000% 0.000000% 0.~~000000~~032103% 0.000000% 0.~~000000~~032103% 0.000000% 0.000000% 0.~~000000~~016924% 0.000000% 0.~~000000~~016924% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~370555~~471910% 0.~~000000~~064205% 0.~~000000~~032103% 0.000000% 2.~~370555~~568218% 3.~~370156~~879647% 0.~~000000~~034694% 0.~~000000~~016924% 0.000000% 3.~~370156~~931265% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 47 0 0 0 47 ~~821~~1,~~757~~720,281.0093 0.00 0.00 0.00 ~~821~~1,~~757~~720,281.0093 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 47 0 0 0 47 ~~821~~1,~~757~~720,281.0093 0.00 0.00 0.00 ~~821~~1,~~757~~720,281.0093 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~963855~~719902% 0.000000% 0.000000% 0.000000% 01.~~963855~~719902% 01.~~802604~~710193% 0.000000% 0.000000% 0.000000% 01.~~802604~~710193% 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.~~963855~~719902% 0.000000% 0.000000% 0.000000% 01.~~963855~~719902% 01.~~802604~~710193% 0.000000% 0.000000% 0.000000% 01.~~802604~~710193% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3738 0 0 0 3738 7,~~759~~231,~~002~~241.4686 0.00 0.00 0.00 7,~~759~~231,~~002~~241.4686 60 Days 03 0 0 0 03 0714,700.00 0.00 0.00 0.00 0714,700.00 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 3741 0 0 0 3741 7,~~759~~945,~~002~~941.4686 0.00 0.00 0.00 7,~~759~~945,~~002~~941.4686 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~063524~~105937% 0.000000% 0.000000% 0.000000% 1.~~063524~~105937% 1.~~133603~~069295% 0.000000% 0.000000% 0.000000% 1.~~133603~~069295% 60 Days 0.~~000000~~087311% 0.000000% 0.000000% 0.000000% 0.~~000000~~087311% 0.~~000000~~105684% 0.000000% 0.000000% 0.000000% 0.~~000000~~105684% 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 1.~~063524~~193248% 0.000000% 0.000000% 0.000000% 1.~~063524~~193248% 1.~~133603~~174978% 0.000000% 0.000000% 0.000000% 1.~~133603~~174978% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 128 0 0 0 128 64,~~114~~552,~~573~~908.9991 0.00 0.00 0.00 64,~~114~~552,~~573~~908.9991 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 128 0 0 0 128 64,~~114~~552,~~573~~908.9991 0.00 0.00 0.00 64,~~114~~552,~~573~~908.9991 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~321083~~574803% 0.000000% 0.000000% 0.000000% 21.~~321083~~574803% 21.~~292823~~743496% 0.000000% 0.000000% 0.000000% 21.~~292823~~743496% 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 21.~~321083~~574803% 0.000000% 0.000000% 0.000000% 21.~~321083~~574803% 21.~~292823~~743496% 0.000000% 0.000000% 0.000000% 21.~~292823~~743496% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~115~~2 0 0 0 ~~115~~2 731,~~506~~104,~~085~~832.7698 0.00 0.00 0.00 731,~~506~~104,~~085~~832.7698 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 ~~115~~2 0 0 0 ~~115~~2 731,~~506~~104,~~085~~832.7698 0.00 0.00 0.00 731,~~506~~104,~~085~~832.7698 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 741.~~193548~~307190% 0.000000% 0.000000% 0.000000% 741.~~193548~~307190% 761.~~862393~~194232% 0.000000% 0.000000% 0.000000% 761.~~862393~~194232% 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 741.~~193548~~307190% 0.000000% 0.000000% 0.000000% 741.~~193548~~307190% 761.~~862393~~194232% 0.000000% 0.000000% 0.000000% 761.~~862393~~194232% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 639 0 0 0 639 16,~~026~~227,~~992~~043.0097 0.00 0.00 0.00 16,~~026~~227,~~992~~043.0097 60 Days 03 0 0 0 03 0590,500.00 0.00 0.00 0.00 0590,500.00 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 642 0 0 0 642 16,~~026~~817,~~992~~543.0097 0.00 0.00 0.00 16,~~026~~817,~~992~~543.0097 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 03.~~494641~~233831% 0.000000% 0.000000% 0.000000% 03.~~494641~~233831% 03.~~491268~~001582% 0.000000% 0.000000% 0.000000% 03.~~491268~~001582% 60 Days 0.~~000000~~248756% 0.000000% 0.000000% 0.000000% 0.~~000000~~248756% 0.~~000000~~284635% 0.000000% 0.000000% 0.000000% 0.~~000000~~284635% 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 03.~~494641~~482587% 0.000000% 0.000000% 0.000000% 03.~~494641~~482587% 03.~~491268~~286217% 0.000000% 0.000000% 0.000000% 03.~~491268~~286217% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 04 0 0 0 04 01,674,765.00 0.00 0.00 0.00 01,674,765.00 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 04 0 0 0 04 01,674,765.00 0.00 0.00 0.00 01,674,765.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 03.~~000000~~636364% 0.000000% 0.000000% 0.000000% 03.~~000000~~636364% 03.~~000000~~360080% 0.000000% 0.000000% 0.000000% 03.~~000000~~360080% 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 03.~~000000~~636364% 0.000000% 0.000000% 0.000000% 03.~~000000~~636364% 03.~~000000~~360080% 0.000000% 0.000000% 0.000000% 03.~~000000~~360080%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~563~~268,~~795~~389.5236

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~920580~~932189% Weighted Average Net Coupon 5.~~567054~~577804% Weighted Average Pass-Through Rate 5.~~558771~~569563% Weighted Average Maturity(Stepdown Calculation) ~~357~~356 Beginning Scheduled Collateral Loan Count 9,~~225~~095 Number Of Loans Paid In Full ~~130~~160 Ending Scheduled Collateral Loan Count 98,~~095~~935 Beginning Scheduled Collateral Balance 2,~~223~~187,~~549~~659,~~036~~565.5371 Ending Scheduled Collateral Balance 2,~~187~~143,~~659~~868,~~565~~221.7112 Ending Actual Collateral Balance at 3130-~~May~~Jun-2005 2,~~187~~144,~~908~~138,~~072~~518.4393 Monthly P&I Constant 11,~~341~~177,~~324~~281.9537 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~370~~362,~~742~~605.5782 Unscheduled Principal 3543,~~518~~428,~~727~~738.9177 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~187~~0.9100 Overcollateralized reduction Amount 0.00 Specified O/C Amount 5,629,049.03 Overcollateralized Amount 5,629,049.03 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 ~~Extra principal distribution Amount 187.91 Excess Cash Amount 0.00~~

Group Level Collateral Statement Group Group I Group II-1 Group II-2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~309316~~334185 5.~~063938~~062161 5.~~749664~~757710 Weighted Average Net Rate 5.~~965786~~989418 4.~~715178~~713277 5.~~379436~~386938 Weighted Average Maturity ~~355~~354 ~~357~~356 ~~359~~358 Beginning Loan Count 3,~~295~~206 ~~422~~415 3,~~505~~479 Loans Paid In Full 8991 78 2643 Ending Loan Count 3,~~206~~115 ~~415~~407 3,~~479~~436 Beginning Scheduled Balance ~~804~~779,~~149~~738,~~861~~443.2781 ~~103~~102,~~929~~378,~~209~~851.0743 ~~690~~684,~~186~~410,~~784~~931.9338 Ending Scheduled Balance ~~779~~756,~~738~~222,~~443~~842.8169 ~~102~~100,~~378~~582,~~851~~514.4355 ~~684~~676,~~410~~214,~~931~~860.3860 Record Date 0506/3130/2005 0506/3130/2005 0506/3130/2005 Principal And Interest Constant 4,~~359~~242,~~584~~219.1021 ~~450~~443,~~616~~856.8841 3,~~376~~354,~~879~~316.5518 Scheduled Principal ~~131~~126,~~554~~379.51 1211,~~041~~974.0053 6970,~~927~~449.8152 Unscheduled Principal 2423,~~279~~389,~~862~~221.9561 1,~~538~~784,~~316~~362.6435 58,~~705~~125,~~925~~621.7426 Scheduled Interest 4,~~228~~115,~~029~~839.5970 ~~438~~431,~~575~~881.88 3,~~306~~283,~~951~~866.7466 Servicing Fees ~~230~~224,~~208~~023.0757 3029,~~205~~765.2630 ~~212~~211,~~938~~467.7632 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7,~~545~~248.2830 1,~~561~~535.3669 2,411.4209 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 3,~~990~~884,~~276~~567.2483 ~~406~~400,~~809~~580.2689 3,~~091~~069,~~601~~988.5625 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~954526~~978263 4.~~697150~~695277 5.~~375243~~382710

Group Level Collateral Statement Group Group II-3 Group II-4 Group II-5 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~731766~~758740 5.~~964790~~965513 5.~~666747~~665629 Weighted Average Net Rate 5.~~375730~~401260 5.~~707822~~708532 5.~~291747~~290629 Weighted Average Maturity ~~359~~358 ~~359~~358 ~~359~~358 Beginning Loan Count ~~522~~517 155 1,~~215~~213 Loans Paid In Full 59 0 2 7 Ending Loan Count ~~517~~508 ~~155~~153 1,~~213~~206 Beginning Scheduled Balance ~~269~~266,~~487~~664,~~237~~336.8607 95,~~834~~621,~~125~~717.7919 ~~209~~208,~~676~~996,~~334~~077.6143 Ending scheduled Balance ~~266~~261,~~664~~120,~~336~~271.0718 9592,~~621~~507,~~717~~565.1997 ~~208~~207,~~996~~389,~~077~~345.4366 Record Date 0506/3130/2005 0506/3130/2005 0506/3130/2005 Principal And Interest Constant 1,~~316~~305,~~699~~321.3316 487,~~997~~058.7125 1,~~091~~088,~~300~~230.8448 Scheduled Principal 2925,~~501~~612.1924 11,~~639~~697.0479 101,~~148~~485.4829 Unscheduled Principal 25,~~793~~518,~~400~~452.6065 ~~200~~3,~~769~~102,453.5643 ~~579~~1,~~108~~505,246.7048 Scheduled Interest 1,~~287~~279,~~198~~708.1492 ~~476~~475,~~358~~360.6746 ~~990~~986,~~152~~745.3619 Servicing Fees 79,~~955~~439.9237 20,~~521~~477.9247 65,~~523~~311.8527 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 3,~~829~~828.6552 0.00 0.00 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 1,~~203~~196,~~412~~441.5703 ~~455~~454,~~836~~882.7599 ~~924~~921,~~628~~433.5192 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~358677~~384032 5.~~707822~~708532 5.~~291747~~290629

Group Level Collateral Statement Group Group II-6 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~806431~~808062 5.~~920580~~932189 Weighted Average Net Rate 5.~~431431~~433062 5.~~567054~~577804 Weighted Average Maturity ~~359~~358.00 ~~357~~356.00 Record Date 0506/3130/2005 0506/3130/2005 Principal And Interest Constant ~~258~~256,~~246~~279.5468 11,~~341~~177,~~324~~281.9537 Beginning Loan Count ~~111~~110 9,~~225~~095 Loans Paid In Full 10 ~~130~~160 Ending Loan Count 110 98,~~095~~935 Beginning Scheduled Balance 5049,~~285~~849,~~482~~208.6640 2,~~223~~187,~~549~~659,~~036~~565.1971 Ending Scheduled Balance 49,~~849~~830,~~208~~820.4047 2,~~187~~143,~~659~~868,~~565~~221.7112 Scheduled Principal 1415,~~930~~006.5494 ~~370~~362,~~742~~605.5782 Unscheduled Principal ~~421~~3,~~343~~380.7299 3543,~~518~~428,~~727~~738.9177 Scheduled Interest ~~243~~241,~~316~~272.0074 10,~~970~~814,~~582~~675.3855 Servicing Fee 15,~~714~~577.2188 ~~655~~646,~~067~~062.9918 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 15,~~347~~023.7160 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 ~~227~~225,~~601~~694.7986 10,~~300~~153,~~166~~589.6877 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~431431~~433062 5.~~558771~~569563

Miscellaneous Reporting Group Group II-1 Average Loss Severity Group II-1 0.000000% Senior Prepayment Percentage Group II-1 100.000000% Senior Percentage Group II-1 092.~~073220~~640738% Subordinate Prepayment Percentage II-1 0.000000% Subordinate Percentage Group II-1 7.~~250329~~359262% Group Group II-2 Average Loss Severity Group II-2 0.000000% Senior Prepayment Percentage Group II-2 100.000000% Senior Percentage Group II-2 092.~~486254~~689521% Subordinate Prepayment Percentage II-2 0.000000% Subordinate Percentage Group II-2 7.~~250035~~310479%

Miscellaneous Reporting Group Group II-3 Average Loss Severity Group II-3 0.000000% Senior Prepayment Percentage Group II-3 100.000000% Senior Percentage Group II-3 092.~~189860~~673899% Subordinate Prepayment Percentage II-3 0.000000% Subordinate Percentage Group II-3 7.~~250153~~326101% Group Group II-4 Average Loss Severity Group II-4 0.000000% Senior Prepayment Percentage Group II-4 100.000000% Senior Percentage Group II-4 092.~~067517~~734619% Subordinate Prepayment Percentage II-4 0.000000% Subordinate Percentage Group II-4 7.~~250158~~265381% Group Group II-5 Average Loss Severity Group II-5 0.000000% Senior Prepayment Percentage Group II-5 100.000000% Senior Percentage Group II-5 092.~~147722~~729528% Subordinate Prepayment Percentage II-5 0.000000% Subordinate Percentage Group II-5 7.~~250382~~270472%

Miscellaneous Reporting Group Group II-6 Average Loss Severity Group II-6 0.000000% Senior Prepayment Percentage Group II-6 100.000000% Senior Percentage Group II-6 092.~~035427%~~687146 Subordinate Prepayment Percentage II-6 0.000000% Subordinate Percentage Group II-6 7.~~251561~~312854%

Filing Compare · Bear Stearns ALT-A Trust, Series 2005-5