8-K 1 bsa05ac3_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 ASSET BACKED SECURITIES I TRUST Asset Backed Certificates, Series 2005-AC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-38 Pooling and Servicing Agreement) (Commission 54-2173215 (State or other File Number) 54-2173216 jurisdiction 54-2173217 of Incorporation) 54-2176690 54-2176691 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) 884-2230 (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 ASSET BACKED SECURITIES I TRUST, Asset Backed Certificates, Series 2005-AC3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-AC3 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 ASSET BACKED SECURITIES I TRUST Asset Backed Certificates, Series 2005-AC3 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 Certificates, Series 2005-AC3 Trust, relating to the July 25, 2005 distribution. EX-99.1

Bear Stearns Asset Backed Securities Asset Backed Certificates Record Date: 56/3130/052005 Distribution Date: 67/2725/052005 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2005-AC3 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 073879XD5 SEN 3.~~60063~~81438% ~~151~~149,~~234~~159,~~000~~936.0067 ~~453~~474,~~781~~127.4023 I-A-2 073879XE3 SEN 1.~~89937~~68562% 0.00 ~~239~~209,~~374~~522.4448 I-M-1 073879XF0 MEZ 3.~~55063~~76438% 12,~~502~~330,~~000~~544.0024 3038,~~826~~680.3771 I-M-2 073879XG8 MEZ 3.~~75063~~96438% 11,~~897~~733,~~000~~841.0038 3038,~~986~~764.9851 I-M-3 073879XH6 MEZ 34.~~80063~~01438% 5,~~445~~370,~~000~~325.0082 1417,~~371~~965.1344 I-B-1 073879XJ2 SUB 4.~~30063~~51438% 4,~~839~~772,~~000~~636.0067 1417,~~451~~954.9158 I-B-2 073879XK9 SUB 4.~~45063~~66438% 4,~~638~~574,~~000~~393.0023 1417,~~334~~780.7459 I-B-3 073879XL7 SUB 45.~~80063~~01438% 3,~~831~~778,~~000~~460.0065 1215,~~771~~788.6886 I-B-4 073879XM5 SUB 6.~~10063~~31438% 5,~~243~~171,~~000~~096.0010 2227,~~212~~210.22 I-C 073879XR4 OC 0.00000% 2,017,245.0900 ~~227~~188,~~486~~146.4518 I-P 073879XQ6 SEN 0.00000% 100.00 105,~~119~~693.7948 I-R-1 073879XN3 RES 0.00000% 0.00 0.00 I-R-2 073879XP8 RES 0.00000% 0.00 0.00 II-A-1 073879WQ7 SEN 5.25000% ~~152~~150,~~260~~844,~~000~~059.0069 ~~666~~659,~~137~~942.5076 II-A-2 073879WR5 SEN 5.25000% 5,~~710~~656,~~098~~997.00 24,~~981~~749.6836 II-A-3 073879WS3 SEN 3.~~45063~~66438% 5150,~~412~~418,~~546~~945.0064 ~~147~~153,~~838~~961.0681 II-A-4 073879WT1 SEN 43.~~04937~~83562% 0.00 ~~173~~161,~~490~~156.3560 II-X 073879WU8 SEN 0.~~02466~~02485% 0.00 17.5379 II-PO 073879WV6 SEN 0.00000% 1,~~171~~164,~~356~~130.0004 0.00 II-B-1 073879WW4 SUB 5.~~80247~~80256% 8,~~422~~417,~~000~~248.0088 40,~~723~~701.6933 II-B-2 073879WX2 SUB 5.~~80247~~80256% 2,~~021~~019,~~000~~859.0089 9,~~772~~766.3397 II-B-3 073879WY0 SUB 5.~~80247~~80256% 1,~~123~~122,~~000~~366.0048 5,~~430~~427.1517 II-B-4 073879XA1 SUB 5.~~80247~~80256% 1,~~123~~122,~~000~~366.0048 5,~~430~~427.1517 II-B-5 073879XB9 SUB 5.~~80247~~80256% ~~786~~785,~~000~~556.0059 3,~~800~~798.6253 II-B-6 073879XC7 SUB 5.~~80247~~80256% ~~562~~561,~~232~~915.8467 2,~~718~~717.6213 II-R-1 073879WZ7 RES 0.00000% 500.00 0.00 II-R-2 073879XS2 RES 0.00000% 500.00 0.00 II-R-3 073879XT0 RES 0.00000% 500.00 0.00 II-P 073879XU7 SEN 0.00000% 100.00 127,~~388~~595.0054 Totals ~~426~~421,~~237~~022,~~827~~126.9312 2,~~163~~126,~~429~~886.7944

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 2,~~074~~250,~~063~~346.3331 0.00 ~~149~~146,~~159~~909,~~936~~590.6736 2,~~527~~724,~~844~~473.7354 0.00 I-A-2 0.00 0.00 0.00 ~~239~~209,~~374~~522.4448 0.00 I-M-1 ~~171~~186,~~455~~028.7647 0.00 12,~~330~~144,~~544~~515.2478 ~~202~~224,~~282~~709.1318 0.00 I-M-2 ~~163~~177,~~158~~026.6213 0.00 11,~~733~~556,~~841~~815.3824 ~~194~~215,~~145~~790.6064 0.00 I-M-3 7481,~~674~~021.1804 0.00 5,~~370~~289,~~325~~304.8278 8998,~~045~~986.3148 0.00 I-B-1 6672,~~363~~003.3382 0.00 4,~~772~~700,~~636~~632.6785 8089,~~815~~958.2440 0.00 I-B-2 6369,~~606~~012.7796 0.00 4,~~574~~505,~~393~~380.2327 7786,~~941~~793.5155 0.00 I-B-3 5257,~~539~~004.3588 0.00 3,~~778~~721,~~460~~455.6576 6572,~~311~~793.0374 0.00 I-B-4 7178,~~903~~015.9030 0.00 5,~~171~~093,~~096~~080.1080 94105,~~116~~225.1252 0.00 I-C 0.00 0.00 2,017,245.00 ~~227~~188,~~486~~146.4518 0.00 I-P 0.00 0.00 100.00 105,~~119~~693.7948 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-A-1 12,~~415~~606,~~940~~969.3140 0.00 ~~150~~148,~~844~~237,~~059~~090.6928 23,~~082~~266,~~077~~912.8116 0.00 II-A-2 5397,~~101~~767.0031 0.00 5,~~656~~559,~~997~~229.0069 78122,~~082~~516.6867 0.00 II-A-3 ~~993~~943,~~600~~121.3687 0.00 5049,~~418~~475,~~945~~823.6477 1,~~141~~097,~~438~~083.4268 0.00 II-A-4 0.00 0.00 0.00 ~~173~~161,~~490~~156.3560 0.00 II-X 0.00 0.00 0.00 17.5379 0.00 II-PO 72,~~225~~231.9679 0.00 1,~~164~~161,~~130~~898.0425 72,~~225~~231.9679 0.00 II-B-1 4,~~751~~809.1235 0.00 8,~~417~~412,~~248~~439.8853 45,~~474~~510.8168 0.00 II-B-2 1,~~140~~154.1109 0.00 2,~~019~~018,~~859~~705.8980 10,~~912~~921.4406 0.00 II-B-3 ~~633~~641.5229 0.00 1,~~122~~121,~~366~~725.4819 6,~~063~~068.6746 0.00 II-B-4 ~~633~~641.5229 0.00 1,~~122~~121,~~366~~725.4819 6,~~063~~068.6746 0.00 II-B-5 ~~443~~448.4184 0.00 785,~~556~~107.5975 4,~~244~~247.0337 0.00 II-B-6 ~~317~~320.1750 0.00 561,~~915~~595.6716 3,~~035~~037.7963 0.00 II-R-1 500.00 0.00 0.00 500.00 0.00 II-R-2 500.00 0.00 0.00 500.00 0.00 II-R-3 500.00 0.00 0.00 500.00 0.00 II-P 0.00 0.00 100.00 127,~~388~~595.0054 0.00 Totals 56,~~215~~628,~~701~~564.7264 0.00 ~~421~~414,~~022~~393,~~126~~561.1245 78,~~379~~755,~~131~~451.5108 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-1 151,234,000.00 ~~151~~149,~~234~~159,~~000~~936.0067 0.00 2,~~074~~250,~~063~~346.3331 0.00 0.00 I-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-M-1 12,502,000.00 12,~~502~~330,~~000~~544.0024 0.00 ~~171~~186,~~455~~028.7647 0.00 0.00 I-M-2 11,897,000.00 11,~~897~~733,~~000~~841.0038 0.00 ~~163~~177,~~158~~026.6213 0.00 0.00 I-M-3 5,445,000.00 5,~~445~~370,~~000~~325.0082 0.00 7481,~~674~~021.1804 0.00 0.00 I-B-1 4,839,000.00 4,~~839~~772,~~000~~636.0067 0.00 6672,~~363~~003.3382 0.00 0.00 I-B-2 4,638,000.00 4,~~638~~574,~~000~~393.0023 0.00 6369,~~606~~012.7796 0.00 0.00 I-B-3 3,831,000.00 3,~~831~~778,~~000~~460.0065 0.00 5257,~~539~~004.3588 0.00 0.00 I-B-4 5,243,000.00 5,~~243~~171,~~000~~096.0010 0.00 7178,~~903~~015.9030 0.00 0.00 I-C 2,017,245.09 2,017,245.0900 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 152,260,000.00 ~~152~~150,~~260~~844,~~000~~059.0069 93,~~808~~980.3137 12,~~322~~512,~~132~~989.0004 0.00 0.00 II-A-2 5,710,098.00 5,~~710~~656,~~098~~997.00 3,~~518~~524.0348 4994,~~582~~242.9783 0.00 0.00 II-A-3 51,412,546.00 5150,~~412~~418,~~546~~945.0064 20,~~793~~806.0234 ~~972~~922,~~807~~315.3453 0.00 0.00 II-A-4 0.00 0.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 II-PO 1,171,356.00 1,~~171~~164,~~356~~130.0004 1,~~714~~723.7454 ~~5,511~~508.2125 0.00 0.00 II-B-1 8,422,000.00 8,~~422~~417,~~000~~248.0088 4,~~751~~809.1235 0.00 0.00 0.00 II-B-2 2,021,000.00 2,~~021~~019,~~000~~859.0089 1,~~140~~154.1109 0.00 0.00 0.00 II-B-3 1,123,000.00 1,~~123~~122,~~000~~366.0048 ~~633~~641.5229 0.00 0.00 0.00 II-B-4 1,123,000.00 1,~~123~~122,~~000~~366.0048 ~~633~~641.5229 0.00 0.00 0.00 II-B-5 786,000.00 ~~786~~785,~~000~~556.0059 ~~443~~448.4184 0.00 0.00 0.00 II-B-6 562,232.84 ~~562~~561,~~232~~915.8467 ~~317~~320.1750 0.00 0.00 0.00 II-R-1 50.00 500.00 0.00 500.00 0.00 0.00 II-R-2 50.00 500.00 0.00 500.00 0.00 0.00 II-R-3 50.00 500.00 0.00 500.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 426,237,827.93 ~~426~~421,~~237~~022,~~827~~126.9312 ~~127~~128,~~752~~050.9509 56,~~087~~500,~~948~~514.7656 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 2,~~074~~250,~~063~~346.3331 ~~149~~146,~~159~~909,~~936~~590.6736 0.~~98628573~~97140584 2,~~074~~250,~~063~~346.3331 I-A-2 0.00 0.00 0.00000000 0.00 I-M-1 ~~171~~186,~~455~~028.7647 12,~~330~~144,~~544~~515.2478 0.~~98628573~~97140584 ~~171~~186,~~455~~028.7647 I-M-2 ~~163~~177,~~158~~026.6213 11,~~733~~556,~~841~~815.3824 0.~~98628573~~97140584 ~~163~~177,~~158~~026.6213 I-M-3 7481,~~674~~021.1804 5,~~370~~289,~~325~~304.8278 0.~~98628573~~97140584 7481,~~674~~021.1804 I-B-1 6672,~~363~~003.3382 4,~~772~~700,~~636~~632.6785 0.~~98628573~~97140584 6672,~~363~~003.3382 I-B-2 6369,~~606~~012.7796 4,~~574~~505,~~393~~380.2327 0.~~98628573~~97140584 6369,~~606~~012.7796 I-B-3 5257,~~539~~004.3588 3,~~778~~721,~~460~~455.6576 0.~~98628573~~97140584 5257,~~539~~004.3588 I-B-4 7178,~~903~~015.9030 5,~~171~~093,~~096~~080.1080 0.~~98628573~~97140584 7178,~~903~~015.9030 I-C 0.00 2,017,245.00 0.99999996 0.00 I-P 0.00 100.00 1.00000000 0.00 I-R-1 0.00 0.00 0.00000000 0.00 I-R-2 0.00 0.00 0.00000000 0.00 II-A-1 12,~~415~~606,~~940~~969.3140 ~~150~~148,~~844~~237,~~059~~090.6928 0.~~99070051~~97357868 12,~~415~~606,~~940~~969.3140 II-A-2 5397,~~101~~767.0031 5,~~656~~559,~~997~~229.0069 0.~~99070051~~97357868 5397,~~101~~767.0031 II-A-3 ~~993~~943,~~600~~121.3687 5049,~~418~~475,~~945~~823.6477 0.~~98067397~~96232977 ~~993~~943,~~600~~121.3687 II-A-4 0.00 0.00 0.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 II-PO 72,~~225~~231.9679 1,~~164~~161,~~130~~898.0425 0.~~99383112~~99192581 72,~~225~~231.9679 II-B-1 4,~~751~~809.1235 8,~~417~~412,~~248~~439.8853 0.~~99943587~~99886482 4,~~751~~809.1235 II-B-2 1,~~140~~154.1109 2,~~019~~018,~~859~~705.8980 0.~~99943587~~99886482 1,~~140~~154.1109 II-B-3 ~~633~~641.5229 1,~~122~~121,~~366~~725.4819 0.~~99943587~~99886482 ~~633~~641.5229 II-B-4 ~~633~~641.5229 1,~~122~~121,~~366~~725.4819 0.~~99943587~~99886482 ~~633~~641.5229 II-B-5 ~~443~~448.4184 785,~~556~~107.5975 0.~~99943587~~99886482 ~~443~~448.4184 II-B-6 ~~317~~320.1750 561,~~915~~595.6716 0.~~99943587~~99886581 ~~317~~320.1750 II-R-1 500.00 0.00 0.00000000 500.00 II-R-2 500.00 0.00 0.00000000 500.00 II-R-3 500.00 0.00 0.00000000 500.00 II-P 0.00 100.00 1.00000000 0.00 Totals 56,~~215~~628,~~701~~564.7264 ~~421~~414,~~022~~393,~~126~~561.1245 0.~~98776340~~97221207 56,~~215~~628,~~701~~564.7264

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 151,234,000.00 ~~1000~~986.~~00000000~~28573383 0.00000000 1314.~~71426617~~87989678 0.00000000 I-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 12,502,000.00 ~~1000~~986.~~00000000~~28573348 0.00000000 1314.~~71426652~~87989682 0.00000000 I-M-2 11,897,000.00 ~~1000~~986.~~00000000~~28573422 0.00000000 1314.~~71426578~~87989661 0.00000000 I-M-3 5,445,000.00 ~~1000~~986.~~00000000~~28573370 0.00000000 1314.~~71426630~~87989715 0.00000000 I-B-1 4,839,000.00 ~~1000~~986.~~00000000~~28573466 0.00000000 1314.~~71426534~~87989667 0.00000000 I-B-2 4,638,000.00 ~~1000~~986.~~00000000~~28573307 0.00000000 1314.~~71426693~~87989651 0.00000000 I-B-3 3,831,000.00 ~~1000~~986.~~00000000~~28573480 0.00000000 1314.~~71426520~~87989559 0.00000000 I-B-4 5,243,000.00 ~~1000~~986.~~00000000~~28573336 0.00000000 1314.~~71426664~~87989701 0.00000000 I-C 2,017,245.09 ~~1000~~999.~~00000000~~99995538 0.00000000 0.00000000 0.00000000 I-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 152,260,000.00 ~~1000~~990.~~00000000~~70051025 0.~~61610607~~61723611 816.~~68338369~~50459109 0.00000000 II-A-2 5,710,098.00 ~~1000~~990.~~00000000~~70050987 0.~~61610676~~61723634 816.~~68338337~~50459064 0.00000000 II-A-3 51,412,546.00 ~~1000~~980.~~00000000~~67397090 0.~~40443475~~40469383 1817.~~92159435~~93950313 0.00000000 II-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-PO 1,171,356.00 ~~1000~~993.~~00000000~~83111539 1.~~46389313~~47140579 40.~~70498294~~43389883 0.00000000 II-B-1 8,422,000.00 ~~1000~~999.~~00000000~~43586796 0.~~56413204~~57104607 0.00000000 0.00000000 II-B-2 2,021,000.00 ~~1000~~999.~~00000000~~43586838 0.~~56413162~~57104899 0.00000000 0.00000000 II-B-3 1,123,000.00 ~~1000~~999.~~00000000~~43586821 0.~~56413179~~57105076 0.00000000 0.00000000 II-B-4 1,123,000.00 ~~1000~~999.~~00000000~~43586821 0.~~56413179~~57105076 0.00000000 0.00000000 II-B-5 786,000.00 ~~1000~~999.~~00000000~~43586514 0.~~56413486~~57104326 0.00000000 0.00000000 II-B-6 562,232.84 ~~1000~~999.~~00000000~~43587429 0.~~56412571~~57004852 0.00000000 0.00000000 II-R-1 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 II-R-2 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 II-R-3 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 II-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

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 1314.~~71426617~~87989678 ~~986~~971.~~28573383~~40583705 0.~~98628573~~97140584 1314.~~71426617~~87989678 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 0.00000000 1314.~~71426652~~87989682 ~~986~~971.~~28573348~~40583747 0.~~98628573~~97140584 1314.~~71426652~~87989682 I-M-2 0.00000000 1314.~~71426578~~87989661 ~~986~~971.~~28573422~~40583677 0.~~98628573~~97140584 1314.~~71426578~~87989661 I-M-3 0.00000000 1314.~~71426630~~87989715 ~~986~~971.~~28573370~~40583655 0.~~98628573~~97140584 1314.~~71426630~~87989715 I-B-1 0.00000000 1314.~~71426534~~87989667 ~~986~~971.~~28573466~~40583798 0.~~98628573~~97140584 1314.~~71426534~~87989667 I-B-2 0.00000000 1314.~~71426693~~87989651 ~~986~~971.~~28573307~~40583657 0.~~98628573~~97140584 1314.~~71426693~~87989651 I-B-3 0.00000000 1314.~~71426520~~87989559 ~~986~~971.~~28573480~~40583660 0.~~98628573~~97140584 1314.~~71426520~~87989559 I-B-4 0.00000000 1314.~~71426664~~87989701 ~~986~~971.~~28573336~~40583635 0.~~98628573~~97140584 1314.~~71426664~~87989701 I-C 0.00000000 0.00000000 999.99995538 0.99999996 0.00000000 I-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 917.~~29948975~~12182714 ~~990~~973.~~70051025~~57868304 0.~~99070051~~97357868 917.~~29948975~~12182714 II-A-2 0.00000000 917.~~29949013~~12182698 ~~990~~973.~~70050987~~57868289 0.~~99070051~~97357868 917.~~29949013~~12182698 II-A-3 0.00000000 1918.~~32602910~~34419696 ~~980~~962.~~67397090~~32977394 0.~~98067397~~96232977 1918.~~32602910~~34419696 II-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-PO 0.00000000 61.~~16888461~~90530462 ~~993~~991.~~83111539~~92581077 0.~~99383112~~99192581 61.~~16888461~~90530462 II-B-1 0.00000000 0.~~56413204~~57104607 ~~999~~998.~~43586796~~86482190 0.~~99943587~~99886482 0.~~56413204~~57104607 II-B-2 0.00000000 0.~~56413162~~57104899 ~~999~~998.~~43586838~~86481940 0.~~99943587~~99886482 0.~~56413162~~57104899 II-B-3 0.00000000 0.~~56413179~~57105076 ~~999~~998.~~43586821~~86481745 0.~~99943587~~99886482 0.~~56413179~~57105076 II-B-4 0.00000000 0.~~56413179~~57105076 ~~999~~998.~~43586821~~86481745 0.~~99943587~~99886482 0.~~56413179~~57105076 II-B-5 0.00000000 0.~~56413486~~57104326 ~~999~~998.~~43586514~~86482188 0.~~99943587~~99886482 0.~~56413486~~57104326 II-B-6 0.00000000 0.~~56412571~~57004852 ~~999~~998.~~43587429~~86580798 0.~~99943587~~99886581 0.~~56412571~~57004852 II-R-1 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 II-R-2 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 II-R-3 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 II-P 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 151,234,000.00 3.~~60063~~81438% ~~151~~149,~~234~~159,~~000~~936.0067 ~~453~~474,~~781~~127.4023 0.00 0.00 I-A-2 0.00 1.~~89937~~68562% ~~151~~149,~~234~~159,~~000~~936.0067 ~~239~~209,~~374~~522.4448 0.00 0.00 I-M-1 12,502,000.00 3.~~55063~~76438% 12,~~502~~330,~~000~~544.0024 3038,~~826~~680.3771 0.00 0.00 I-M-2 11,897,000.00 3.~~75063~~96438% 11,~~897~~733,~~000~~841.0038 3038,~~986~~764.9851 0.00 0.00 I-M-3 5,445,000.00 34.~~80063~~01438% 5,~~445~~370,~~000~~325.0082 1417,~~371~~965.1344 0.00 0.00 I-B-1 4,839,000.00 4.~~30063~~51438% 4,~~839~~772,~~000~~636.0067 1417,~~451~~954.9158 0.00 0.00 I-B-2 4,638,000.00 4.~~45063~~66438% 4,~~638~~574,~~000~~393.0023 1417,~~334~~780.7459 0.00 0.00 I-B-3 3,831,000.00 45.~~80063~~01438% 3,~~831~~778,~~000~~460.0065 1215,~~771~~788.6886 0.00 0.00 I-B-4 5,243,000.00 6.~~10063~~31438% 5,~~243~~171,~~000~~096.0010 2227,~~212~~210.22 0.00 0.00 I-C 2,017,245.09 0.00000% 2,017,245.0900 0.00 0.00 0.00 I-P 100.00 0.00000% 100.00 0.00 0.00 0.00 I-R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 II-A-1 152,260,000.00 5.25000% ~~152~~150,~~260~~844,~~000~~059.0069 ~~666~~659,~~137~~942.5076 0.00 0.00 II-A-2 5,710,098.00 5.25000% 5,~~710~~656,~~098~~997.00 24,~~981~~749.6836 0.00 0.00 II-A-3 51,412,546.00 3.~~45063~~66438% 5150,~~412~~418,~~546~~945.0064 ~~147~~153,~~838~~961.0681 0.00 0.00 II-A-4 0.00 43.~~04937~~83562% 5150,~~412~~418,~~546~~945.0064 ~~173~~161,~~490~~156.3560 0.00 0.00 II-X 0.00 0.~~02466~~02485% 74376,~~232~~260.0016 17.5379 0.00 0.00 II-PO 1,171,356.00 0.00000% 1,~~171~~164,~~356~~130.0004 0.00 0.00 0.00 II-B-1 8,422,000.00 5.~~80247~~80256% 8,~~422~~417,~~000~~248.0088 40,~~723~~701.6933 0.00 0.00 II-B-2 2,021,000.00 5.~~80247~~80256% 2,~~021~~019,~~000~~859.0089 9,~~772~~766.3397 0.00 0.00 II-B-3 1,123,000.00 5.~~80247~~80256% 1,~~123~~122,~~000~~366.0048 5,~~430~~427.1517 0.00 0.00 II-B-4 1,123,000.00 5.~~80247~~80256% 1,~~123~~122,~~000~~366.0048 5,~~430~~427.1517 0.00 0.00 II-B-5 786,000.00 5.~~80247~~80256% ~~786~~785,~~000~~556.0059 3,~~800~~798.6253 0.00 0.00 II-B-6 562,232.84 5.~~80247~~80256% ~~562~~561,~~232~~915.8467 2,~~718~~717.6213 0.00 0.00 II-R-1 50.00 0.00000% 500.00 0.00 0.00 0.00 II-R-2 50.00 0.00000% 500.00 0.00 0.00 0.00 II-R-3 50.00 0.00000% 500.00 0.00 0.00 0.00 II-P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 426,237,827.93 1,~~913~~925,~~435~~451.5524 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 ~~453~~474,~~781~~127.4023 0.00 ~~149~~146,~~159~~909,~~936~~590.6736 I-A-2 0.00 0.00 ~~239~~209,~~374~~522.4448 0.00 ~~149~~146,~~159~~909,~~936~~590.6736 I-M-1 0.00 0.00 3038,~~826~~680.3771 0.00 12,~~330~~144,~~544~~515.2478 I-M-2 0.00 0.00 3038,~~986~~764.9851 0.00 11,~~733~~556,~~841~~815.3824 I-M-3 0.00 0.00 1417,~~371~~965.1344 0.00 5,~~370~~289,~~325~~304.8278 I-B-1 0.00 0.00 1417,~~451~~954.9158 0.00 4,~~772~~700,~~636~~632.6785 I-B-2 0.00 0.00 1417,~~334~~780.7459 0.00 4,~~574~~505,~~393~~380.2327 I-B-3 0.00 0.00 1215,~~771~~788.6886 0.00 3,~~778~~721,~~460~~455.6576 I-B-4 0.00 0.00 2227,~~212~~210.22 0.00 5,~~171~~093,~~096~~080.1080 I-C 0.00 0.00 ~~227~~188,~~486~~146.4518 0.00 2,017,245.00 I-P 0.00 0.00 105,~~119~~693.7948 0.00 100.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 ~~666~~659,~~137~~942.5076 0.00 ~~150~~148,~~844~~237,~~059~~090.6928 II-A-2 0.00 0.00 24,~~981~~749.6836 0.00 5,~~656~~559,~~997~~229.0069 II-A-3 0.00 0.00 ~~147~~153,~~838~~961.0681 0.00 5049,~~418~~475,~~945~~823.6477 II-A-4 0.00 0.00 ~~173~~161,~~490~~156.3560 0.00 5049,~~418~~475,~~945~~823.6477 II-X 0.00 0.00 17.5379 0.00 ~~376~~373,~~260~~460.1655 II-PO 0.00 0.00 0.00 0.00 1,~~164~~161,~~130~~898.0425 II-B-1 0.00 0.00 40,~~723~~701.6933 0.00 8,~~417~~412,~~248~~439.8853 II-B-2 0.00 0.00 9,~~772~~766.3397 0.00 2,~~019~~018,~~859~~705.8980 II-B-3 0.00 0.00 5,~~430~~427.1517 0.00 1,~~122~~121,~~366~~725.4819 II-B-4 0.00 0.00 5,~~430~~427.1517 0.00 1,~~122~~121,~~366~~725.4819 II-B-5 0.00 0.00 3,~~800~~798.6253 0.00 785,~~556~~107.5975 II-B-6 0.00 0.00 2,~~718~~717.6213 0.00 561,~~915~~595.6716 II-R-1 0.00 0.00 0.00 0.00 0.00 II-R-2 0.00 0.00 0.00 0.00 0.00 II-R-3 0.00 0.00 0.00 0.00 0.00 II-P 0.00 0.00 127,~~388~~595.0054 0.00 100.00 Totals 0.00 0.00 2,~~163~~126,~~429~~886.7944 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-1 151,234,000.00 3.~~60063~~81438% ~~1000~~986.~~00000000~~28573383 3.~~00052501~~13505713 0.00000000 0.00000000 I-A-2 0.00 1.~~89937~~68562% ~~1000~~986.~~00000000~~28573383 1.~~58280836~~38541915 0.00000000 0.00000000 I-M-1 12,502,000.00 3.~~55063~~76438% ~~1000~~986.~~00000000~~28573348 23.~~46571509~~09396177 0.00000000 0.00000000 I-M-2 11,897,000.00 3.~~75063~~96438% ~~1000~~986.~~00000000~~28573422 23.~~60460452~~25834328 0.00000000 0.00000000 I-M-3 5,445,000.00 34.~~80063~~01438% ~~1000~~986.~~00000000~~28573370 23.~~63932599~~29943802 0.00000000 0.00000000 I-B-1 4,839,000.00 4.~~30063~~51438% ~~1000~~986.~~00000000~~28573466 23.~~98654887~~71039058 0.00000000 0.00000000 I-B-2 4,638,000.00 4.~~45063~~66438% ~~1000~~986.~~00000000~~28573307 3.~~09071583~~83367615 0.00000000 0.00000000 I-B-3 3,831,000.00 45.~~80063~~01438% ~~1000~~986.~~00000000~~28573480 34.~~33377186~~12134169 0.00000000 0.00000000 I-B-4 5,243,000.00 6.~~10063~~31438% ~~1000~~986.~~00000000~~28573336 45.~~23654778~~18981881 0.00000000 0.00000000 I-C 2,017,245.09 0.00000% ~~1000~~999.~~00000000~~99995538 0.00000000 0.00000000 0.00000000 I-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 152,260,000.00 5.25000% ~~1000~~990.~~00000000~~70051025 4.~~37500000~~33431472 0.00000000 0.00000000 II-A-2 5,710,098.00 5.25000% ~~1000~~990.~~00000000~~70050987 4.~~37500022~~33431440 0.00000000 0.00000000 II-A-3 51,412,546.00 3.~~45063~~66438% ~~1000~~980.~~00000000~~67397090 2.~~87552497~~99463501 0.00000000 0.00000000 II-A-4 0.00 43.~~04937~~83562% ~~1000~~980.~~00000000~~67397090 3.~~37447498~~13457731 0.00000000 0.00000000 II-X 0.00 0.~~02466~~02485% ~~1000~~5068.~~00000000~~70567949 0.~~02061106~~10494127 0.00000000 0.00000000 II-PO 1,171,356.00 0.00000% ~~1000~~993.~~00000000~~83111539 0.00000000 0.00000000 0.00000000 II-B-1 8,422,000.00 5.~~80247~~80256% ~~1000~~999.~~00000000~~43586796 4.~~83539421~~83273925 0.00000000 0.00000000 II-B-2 2,021,000.00 5.~~80247~~80256% ~~1000~~999.~~00000000~~43586838 4.~~83539337~~83274122 0.00000000 0.00000000 II-B-3 1,123,000.00 5.~~80247~~80256% ~~1000~~999.~~00000000~~43586821 4.~~83539626~~83274265 0.00000000 0.00000000 II-B-4 1,123,000.00 5.~~80247~~80256% ~~1000~~999.~~00000000~~43586821 4.~~83539626~~83274265 0.00000000 0.00000000 II-B-5 786,000.00 5.~~80247~~80256% ~~1000~~999.~~00000000~~43586514 4.~~83539440~~83273537 0.00000000 0.00000000 II-B-6 562,232.84 5.~~80247~~80256% ~~1000~~999.~~00000000~~43587429 4.~~83539880~~83274865 0.00000000 0.00000000 II-R-1 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 50.00 0.00000% ~~1000~~0.00000000 0.00000000 0.00000000 0.00000000 II-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 3.~~00052501~~13505713 0.00000000 ~~986~~971.~~28573383~~40583705 I-A-2 0.00000000 0.00000000 1.~~58280836~~38541915 0.00000000 ~~986~~971.~~28573383~~40583705 I-M-1 0.00000000 0.00000000 23.~~46571509~~09396177 0.00000000 ~~986~~971.~~28573348~~40583747 I-M-2 0.00000000 0.00000000 23.~~60460452~~25834328 0.00000000 ~~986~~971.~~28573422~~40583677 I-M-3 0.00000000 0.00000000 23.~~63932599~~29943802 0.00000000 ~~986~~971.~~28573370~~40583655 I-B-1 0.00000000 0.00000000 23.~~98654887~~71039058 0.00000000 ~~986~~971.~~28573466~~40583798 I-B-2 0.00000000 0.00000000 3.~~09071583~~83367615 0.00000000 ~~986~~971.~~28573307~~40583657 I-B-3 0.00000000 0.00000000 34.~~33377186~~12134169 0.00000000 ~~986~~971.~~28573480~~40583660 I-B-4 0.00000000 0.00000000 45.~~23654778~~18981881 0.00000000 ~~986~~971.~~28573336~~40583635 I-C 0.00000000 0.00000000 ~~112~~93.~~77085324~~26887493 0.00000000 999.99995538 I-P 0.00000000 0.00000000 ~~101197~~56934.~~90000000~~80000000 0.00000000 1000.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 4.~~37500000~~33431472 0.00000000 ~~990~~973.~~70051025~~57868304 II-A-2 0.00000000 0.00000000 4.~~37500022~~33431440 0.00000000 ~~990~~973.~~70050987~~57868289 II-A-3 0.00000000 0.00000000 2.~~87552497~~99463501 0.00000000 ~~980~~962.~~67397090~~32977394 II-A-4 0.00000000 0.00000000 3.~~37447498~~13457731 0.00000000 ~~980~~962.~~67397090~~32977394 II-X 0.00000000 0.00000000 0.~~02061106~~10494127 0.00000000 ~~5068~~5030.~~70567949~~99135144 II-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~993~~991.~~83111539~~92581077 II-B-1 0.00000000 0.00000000 4.~~83539421~~83273925 0.00000000 ~~999~~998.~~43586796~~86482190 II-B-2 0.00000000 0.00000000 4.~~83539337~~83274122 0.00000000 ~~999~~998.~~43586838~~86481940 II-B-3 0.00000000 0.00000000 4.~~83539626~~83274265 0.00000000 ~~999~~998.~~43586821~~86481745 II-B-4 0.00000000 0.00000000 4.~~83539626~~83274265 0.00000000 ~~999~~998.~~43586821~~86481745 II-B-5 0.00000000 0.00000000 4.~~83539440~~83273537 0.00000000 ~~999~~998.~~43586514~~86482188 II-B-6 0.00000000 0.00000000 4.~~83539880~~83274865 0.00000000 ~~999~~998.~~43587429~~86580798 II-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-P 0.00000000 0.00000000 ~~123880~~75955.~~00000000~~40000000 0.00000000 1000.00000000 (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 78,~~381~~884,~~320~~192.5062 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8849,~~666~~900.8612 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 78,~~469~~934,~~987~~092.3674 Withdrawals Reimbursement for Servicer Advances 088,666.0086 Payment of Service Fee 9089,~~855~~974.8580 Payment of Interest and Principal 78,~~379~~755,~~131~~451.5108 Total Withdrawals (Pool Distribution Amount) 78,~~469~~934,~~987~~092.3674 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8887,~~593~~712.8590 Miscellaneous Fee 2,~~262~~261.0090 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 9089,~~855~~974.8580

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Net Wac Reserve Fund 5,000.00 018.0052 018.0052 5,000.00 Class I-P Certificate Account 100.00 0.00 0.00 100.00 Class II-P Certificate Account 100.00 0.00 0.00 100.00

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 6524 0 0 0 6524 145,~~381~~924,~~022~~772.9327 0.00 0.00 0.00 145,~~381~~924,~~022~~772.9327 60 Days 54 0 0 0 54 ~~968~~1,~~931~~912,150.5000 0.00 0.00 0.00 ~~968~~1,~~931~~912,150.5000 90 Days 02 0 0 0 02 0484,650.00 0.00 0.00 0.00 0484,650.00 120 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 7030 0 0 0 7030 158,~~349~~321,~~954~~572.4327 0.00 0.00 0.00 158,~~349~~321,~~954~~572.4327 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 31.~~481521~~303639% 0.000000% 0.000000% 0.000000% 31.~~481521~~303639% 31.~~414704~~429249% 0.000000% 0.000000% 0.000000% 31.~~414704~~429249% 60 Days 0.~~267809~~217273% 0.000000% 0.000000% 0.000000% 0.~~267809~~217273% 0.~~230068~~461273% 0.000000% 0.000000% 0.000000% 0.~~230068~~461273% 90 Days 0.~~000000~~108637% 0.000000% 0.000000% 0.000000% 0.~~000000~~108637% 0.~~000000~~116913% 0.000000% 0.000000% 0.000000% 0.~~000000~~116913% 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 31.~~749330~~629549% 0.000000% 0.000000% 0.000000% 31.~~749330~~629549% 32.~~644772~~007436% 0.000000% 0.000000% 0.000000% 32.~~644772~~007436%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5416 0 0 0 5416 103,~~658~~941,~~167~~826.0468 0.00 0.00 0.00 103,~~658~~941,~~167~~826.0468 60 Days 4 0 0 0 4 ~~646~~1,~~531~~912,150.5000 0.00 0.00 0.00 ~~646~~1,~~531~~912,150.5000 90 Days 01 0 0 0 01 0162,250.00 0.00 0.00 0.00 0162,250.00 120 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 5821 0 0 0 5821 116,~~304~~016,~~698~~226.5468 0.00 0.00 0.00 116,~~304~~016,~~698~~226.5468 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 51.~~856833~~764057% 0.000000% 0.000000% 0.000000% 51.~~856833~~764057% 52.~~357221~~011341% 0.000000% 0.000000% 0.000000% 52.~~357221~~011341% 60 Days 0.~~433839~~441014% 0.000000% 0.000000% 0.000000% 0.~~433839~~441014% 0.~~324973~~975686% 0.000000% 0.000000% 0.000000% 0.~~324973~~975686% 90 Days 0.~~000000~~110254% 0.000000% 0.000000% 0.000000% 0.~~000000~~110254% 0.~~000000~~082789% 0.000000% 0.000000% 0.000000% 0.~~000000~~082789% 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 62.~~290672~~315325% 0.000000% 0.000000% 0.000000% 62.~~290672~~315325% 53.~~682193~~069816% 0.000000% 0.000000% 0.000000% 53.~~682193~~069816% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 118 0 0 0 118 31,~~722~~982,~~855~~945.8959 0.00 0.00 0.00 31,~~722~~982,~~855~~945.8959 60 Days 10 0 0 0 10 ~~322,400~~0.00 0.00 0.00 0.00 ~~322,400~~0.00 90 Days 01 0 0 0 01 0322,400.00 0.00 0.00 0.00 0322,400.00 120 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 129 0 0 0 129 42,~~045~~305,~~255~~345.8959 0.00 0.00 0.00 42,~~045~~305,~~255~~345.8959 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~164021~~856531% 0.000000% 0.000000% 0.000000% 10.~~164021~~856531% 10.~~675450~~907288% 0.000000% 0.000000% 0.000000% 10.~~675450~~907288% 60 Days 0.~~105820~~000000% 0.000000% 0.000000% 0.000000% 0.~~105820~~000000% 0.~~145094~~000000% 0.000000% 0.000000% 0.000000% 0.~~145094~~000000% 90 Days 0.~~000000~~107066% 0.000000% 0.000000% 0.000000% 0.~~000000~~107066% 0.~~000000~~147513% 0.000000% 0.000000% 0.000000% 0.~~000000~~147513% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~269841~~963597% 0.000000% 0.000000% 0.000000% 10.~~269841~~963597% 1.~~820544~~054801% 0.000000% 0.000000% 0.000000% 1.~~820544~~054801%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8849,~~666~~900.8612

REO Detail - All Mortgage Loans in REO during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~REO ~~Mixed~~History* ~~Fixed~~New ~~Weighted~~REO ~~Average~~Loans ~~Gross~~Month ~~Coupon~~REO 6Percentage Loans in REO 0 Aug-04 0.~~269151~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 6Sep-04 0.~~019730~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Oct-~~Through~~04 ~~Rate~~0.000% 6Nov-04 0.~~013362~~000% ~~Weighted~~Current ~~Average~~REO ~~Maturity(Stepdown~~Total ~~Calculation)~~Dec-04 ~~261~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~REO ~~Loan~~0 ~~Count~~Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1~~,894~~ ~~Number~~12 OfMonth REO History* New REO Loans ~~Paid~~Month InREO ~~Full~~Percentage 27Loans ~~Ending~~in ~~Scheduled~~REO ~~Collateral~~0 ~~Loan~~Aug-04 ~~Count~~0.000% ~~1,867~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Sep-04 0.000% Current Principal Balance ~~426,237,827~~0.9300 ~~Ending~~Oct-04 ~~Scheduled~~0.000% ~~Collateral~~Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance ~~421,021,926~~0.6500 ~~Ending~~Feb-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance at0.00 31Mar-05 0.000% Apr-05 0.000% May-~~2005~~05 ~~421,149,922~~0.91000% ~~Monthly~~Jun-05 ~~P&I~~0.000% ~~Constant~~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 2~~,402,434~~ 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.75000% ~~Special~~Original ~~Servicing~~Principal ~~Fee~~Balance 0.00 ~~Prepayment~~Sep-04 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Oct-04 ~~Loss~~0.000% ~~Amount~~Nov-04 0.00000% ~~Cumulative~~Current ~~Realized~~REO ~~Loss~~Total Dec-04 0.00000% ~~Scheduled~~Loans in REO 0 Jan-05 0.000% Original Principal ~~175,645~~Balance 0.4700 ~~Unscheduled~~Feb-05 0.000% Current Principal ~~5,039,905~~Balance 0.5700 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Miscellaneous~~REO ~~Reporting~~Loan 3Detail - All Mortgage Loans in REO during Current Period Month ~~Rolling~~Loan ~~Average~~First ~~Delinquency~~Original ~~0.003250%~~Loan Entered Payment LTV at Principal Group INumber ~~Extra~~REO ~~Prin~~Date ~~Distribution~~State ~~0.00~~Origination ~~Yield~~Balance ~~Maintenance~~No 0REO loans this period.00

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · Bear Stearns Asset Backed Securities I Trust 2005-AC3