8-K 1 dsl05ar4_10508.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): August 19, 2005 DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-AR4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121661-24 Pooling and Servicing Agreement) (Commission 54-2176739 (State or other File Number) 54-2176740 jurisdiction 54-2176741 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 19, 2005 a distribution was made to holders of DSLA MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-AR4 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-AR4 Trust, relating to the August 19, 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. DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-AR4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/19/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR4 Trust, relating to the August 19, 2005 distribution. EX-99.1

Downey Savings and Loan Association Mortgage Pass-Through Certificates Record Date: 68/301/2005 Distribution Date: 78/19/2005 Downey Savings and Loan Association Mortgage Pass-Through Certificates Series 2005-AR4 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 1-A 23332UEL4 SEN 3.~~59000~~67688% 383,~~587~~143,~~000~~536.0090 ~~706~~1,~~534~~213,109.7792 AR 23332UFB5 SEN 25.~~44175~~58621% ~~100~~0.00 10.4405 AR-II DSLAAR245 SEN 0.00000% 0.00 0.00 2-A1A 23332UEM2 SEN 3.~~59000~~67688% ~~268~~267,~~141~~717,~~000~~464.0052 ~~493~~847,~~893~~647.0163 2-A1B 23332UEN0 SEN 3.~~61000~~69688% 6766,~~035~~929,~~000~~116.0052 ~~124~~213,~~151~~063.2979 2-A1C 23332UEP5 SEN 3.~~63000~~71688% 44,~~690~~619,~~000~~411.0002 83142,~~219~~810.8697 2-A1D 23332UFC3 SEN 3.~~70000~~78688% 6766,~~037~~931,~~000~~113.0037 ~~127~~218,~~208~~257.3530 2-A2A 23332UEQ3 SEN 4.~~48400~~57088% 42,~~621~~553,~~000~~679.0005 97167,~~787~~492.5479 B-1 23332UER1 SUB 4.~~04000~~12688% 65,~~325~~246,~~000~~740.0009 ~~107~~231,~~909~~867.8749 B-2 23332UES9 SUB 4.~~43000~~51688% 13,~~162~~146,~~000~~231.0081 2151,~~742~~132.2174 B-3 23332UET7 SUB 5.~~08000~~16688% 6,~~824~~815,~~000~~824.0079 1130,~~272~~325.5136 B-4 23332UEU4 SUB 5.~~08000~~16688% 1,~~949~~946,~~000~~665.0008 38,~~219~~661.5421 B-5 23332UEV2 SUB 5.~~08000~~16688% 4,~~874~~868,~~000~~160.0091 821,~~051~~659.3270 B-6 23332UEW0 SUB 5.~~08000~~16688% 5,~~849~~841,~~000~~992.0085 925,~~661~~992.9253 B-7 23332UEX8 SUB 5.~~08000~~16688% 3,~~905~~901,~~811~~132.4525 617,~~451~~357.9809 X-1 23332UEY6 SEN 1.25000% 0.00 ~~909~~872,~~490~~979.6381 X-2 23332UEZ3 SEN 0.~~00000~~48799% 0.00 0454,425.0045 PO 23332UFA7 SEN 0.00000% 100.0004 0.0001 Totals ~~975~~973,~~000~~661,~~011~~169.4520 24,~~710~~516,~~596~~783.2484

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A ~~518~~875,~~421~~326.8647 0.00 ~~383~~382,~~068~~268,~~578~~210.1443 12,~~224~~088,~~956~~436.6339 0.00 AR ~~100~~0.00 0.00 0.00 ~~101~~0.4405 0.00 AR-II 0.00 0.00 0.00 0.00 0.00 2-A1A ~~475~~1,~~934~~799,544.3772 0.00 ~~267~~265,~~665~~917,~~065~~919.6379 ~~969~~2,~~827~~647,192.3835 0.00 2-A1B ~~118~~449,~~983~~884.1550 0.00 66,~~916~~479,~~016~~232.8502 ~~243~~662,~~134~~948.4429 0.00 2-A1C 79299,~~322~~923.1000 0.00 44,~~610~~319,~~677~~488.9001 ~~162~~442,~~541~~733.9697 0.00 2-A1D ~~118~~449,~~986~~897.7093 0.00 66,~~918~~481,~~013~~215.3044 ~~246~~668,~~195~~155.0523 0.00 2-A2A 75286,~~649~~037.7555 0.00 42,~~545~~267,~~350~~641.2550 ~~173~~453,~~437~~530.2934 0.00 B-1 ~~91,025~~0.4200 0.00 65,~~233~~246,~~974~~740.5809 ~~198~~231,~~935~~867.2949 0.00 B-2 ~~18,340~~0.2500 0.00 13,~~143~~146,~~659~~231.7581 4051,~~082~~132.4674 0.00 B-3 ~~9,508~~0.7300 0.00 6,~~814~~815,~~491~~824.2779 2030,~~781~~325.2436 0.00 B-4 ~~2,715~~0.7800 0.00 1,946,~~284~~665.2208 58,~~935~~661.3221 0.00 B-5 ~~6,791~~0.5500 0.00 4,~~867~~868,~~208~~160.4591 1421,~~842~~659.8770 0.00 B-6 ~~8,150~~0.1400 0.00 5,~~840~~841,~~849~~992.8685 1725,~~812~~992.0653 0.00 B-7 ~~5,442~~0.4500 0.00 3,~~900~~901,~~369~~132.0025 1117,~~894~~357.4309 0.00 X-1 0.00 0.00 0.00 ~~909~~872,~~490~~979.6381 0.00 X-2 0.00 0.00 0.00 0454,425.0045 0.00 PO 0.00 ~~(190,530~~0.~~03)~~00 ~~190,630~~100.0304 0.0001 0.00 Totals 14,~~529~~160,~~372~~614.2517 ~~(190,530~~0.~~03)~~00 ~~973~~969,~~661~~500,~~169~~555.2301 48,~~239~~677,~~968~~398.4901 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) 1-A 383,587,000.00 383,~~587~~143,~~000~~536.90 0.00 ~~518~~875,~~421~~326.8647 0.00 0.00 ~~0.00~~ AR 100.00 ~~100~~0.00 ~~100~~0.00 0.00 0.00 0.00 AR-II 0.00 0.00 0.00 0.00 0.00 0.00 2-A1A 268,141,000.00 ~~268~~267,~~141~~717,~~000~~464.0052 ~~382,386~~0.2100 931,~~548~~799,544.1672 0.00 0.00 2-A1B 67,035,000.00 6766,~~035~~929,~~000~~116.0052 ~~95,596~~0.2000 23449,~~386~~884.9550 0.00 0.00 2-A1C 44,690,000.00 44,~~690~~619,~~000~~411.0002 ~~63,730~~0.8000 15299,~~591~~923.3000 0.00 0.00 2-A1D 67,037,000.00 6766,~~037~~931,~~000~~113.0037 ~~95,599~~0.0500 23449,~~387~~897.6593 0.00 0.00 2-A2A 42,621,000.00 42,~~621~~553,~~000~~679.0005 ~~60,780~~0.2700 14286,~~869~~037.4855 0.00 0.00 B-1 65,325,000.00 65,~~325~~246,~~000~~740.0009 ~~91,025~~0.4200 0.00 0.00 0.00 B-2 13,162,000.00 13,~~162~~146,~~000~~231.0081 ~~18,340~~0.2500 0.00 0.00 0.00 B-3 6,824,000.00 6,~~824~~815,~~000~~824.0079 ~~9,508~~0.7300 0.00 0.00 0.00 B-4 1,949,000.00 1,~~949~~946,~~000~~665.0008 ~~2,715~~0.7800 0.00 0.00 0.00 B-5 4,874,000.00 4,~~874~~868,~~000~~160.0091 ~~6,791~~0.5500 0.00 0.00 0.00 B-6 5,849,000.00 5,~~849~~841,~~000~~992.0085 ~~8,150~~0.1400 0.00 0.00 0.00 B-7 3,905,811.45 3,~~905~~901,~~811~~132.4525 ~~5,442~~0.4500 0.00 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 PO 100.00 100.0004 0.00 0.00 0.00 ~~(190,530~~0.~~03)~~00 Totals 975,000,011.45 ~~975~~973,~~000~~661,~~011~~169.4520 ~~1,358,588~~0.7100 ~~170~~4,~~783~~160,614.5417 0.00 ~~(190,530~~0.~~03)~~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 1-A ~~518~~875,~~421~~326.8647 ~~383~~382,~~068~~268,~~578~~210.1443 0.~~99864849~~99656195 ~~518~~875,~~421~~326.8647 AR ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 AR-II 0.00 0.00 0.00000000 0.00 2-A1A ~~475~~1,~~934~~799,544.3772 ~~267~~265,~~665~~917,~~065~~919.6379 0.~~99822506~~99170929 ~~475~~1,~~934~~799,544.3772 2-A1B ~~118~~449,~~983~~884.1550 66,~~916~~479,~~016~~232.8502 0.~~99822506~~99170929 ~~118~~449,~~983~~884.1550 2-A1C 79299,~~322~~923.1000 44,~~610~~319,~~677~~488.9001 0.~~99822506~~99170929 79299,~~322~~923.1000 2-A1D ~~118~~449,~~986~~897.7093 66,~~918~~481,~~013~~215.3044 0.~~99822506~~99170929 ~~118~~449,~~986~~897.7093 2-A2A 75286,~~649~~037.7555 42,~~545~~267,~~350~~641.2550 0.~~99822506~~99170929 75286,~~649~~037.7555 B-1 ~~91,025~~0.4200 65,~~233~~246,~~974~~740.5809 0.~~99860658~~99880199 ~~91,025~~0.4200 B-2 ~~18,340~~0.2500 13,~~143~~146,~~659~~231.7581 0.~~99860658~~99880199 ~~18,340~~0.2500 B-3 ~~9,508~~0.7300 6,~~814~~815,~~491~~824.2779 0.~~99860658~~99880199 ~~9,508~~0.7300 B-4 ~~2,715~~0.7800 1,946,~~284~~665.2208 0.~~99860658~~99880199 ~~2,715~~0.7800 B-5 ~~6,791~~0.5500 4,~~867~~868,~~208~~160.4591 0.~~99860658~~99880199 ~~6,791~~0.5500 B-6 ~~8,150~~0.1400 5,~~840~~841,~~849~~992.8685 0.~~99860658~~99880199 ~~8,150~~0.1400 B-7 ~~5,442~~0.4500 3,~~900~~901,~~369~~132.0025 0.~~99860658~~99880199 ~~5,442~~0.4500 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 PO ~~(190,530~~0.~~03)~~00 ~~190,630~~100.0304 1~~,906~~.~~30030000~~00040000 0.00 Totals 14,~~338~~160,~~842~~614.2217 ~~973~~969,~~661~~500,~~169~~555.2301 0.~~99862683~~99435953 14,~~529~~160,~~372~~614.2517

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 383,587,000.00 ~~1000~~998.~~00000000~~84390477 ~~1.35151050~~ 0.00000000 2.28195030 0.00000000 AR 100.00 ~~1000~~0.00000000 ~~1000~~0.00000000 0.00000000 0.00000000 AR-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 268,141,000.00 ~~1000~~998.~~00000000~~42047475 10.~~42606394~~00000000 06.~~34887675~~71118822 0.00000000 2-A1B 67,035,000.00 ~~1000~~998.~~00000000~~42047468 10.~~42606400~~00000000 06.~~34887671~~71118819 0.00000000 2-A1C 44,690,000.00 ~~1000~~998.~~00000000~~42047483 10.~~42606400~~00000000 06.~~34887671~~71118819 0.00000000 2-A1D 67,037,000.00 ~~1000~~998.~~00000000~~42047481 10.~~42606396~~00000000 06.~~34887674~~71118830 0.00000000 2-A2A 42,621,000.00 ~~1000~~998.~~00000000~~42047465 10.~~42606391~~00000000 06.~~34887684~~71118815 0.00000000 B-1 65,325,000.00 ~~1000~~998.~~00000000~~80199143 10.~~39342396~~00000000 0.00000000 0.00000000 B-2 13,162,000.00 ~~1000~~998.~~00000000~~80199134 10.~~39342425~~00000000 0.00000000 0.00000000 B-3 6,824,000.00 ~~1000~~998.~~00000000~~80199150 10.~~39342468~~00000000 0.00000000 0.00000000 B-4 1,949,000.00 ~~1000~~998.~~00000000~~80199076 10.~~39342227~~00000000 0.00000000 0.00000000 B-5 4,874,000.00 ~~1000~~998.~~00000000~~80199220 10.~~39342429~~00000000 0.00000000 0.00000000 B-6 5,849,000.00 ~~1000~~998.~~00000000~~80199179 10.~~39342452~~00000000 0.00000000 0.00000000 B-7 3,905,811.45 ~~1000~~998.~~00000000~~80199030 10.~~39342364~~00000000 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 100.00 1000.~~00000000~~40000000 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 1-A 0.00000000 12.~~35151050~~28195030 ~~998~~996.~~64848950~~56195447 0.~~99864849~~99656195 12.~~35151050~~28195030 AR 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 AR-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 16.~~77494068~~71118822 ~~998~~991.~~22505932~~70928649 0.~~99822506~~99170929 16.~~77494068~~71118822 2-A1B 0.00000000 16.~~77494070~~71118819 ~~998~~991.~~22505930~~70928649 0.~~99822506~~99170929 16.~~77494070~~71118819 2-A1C 0.00000000 16.~~77494070~~71118819 ~~998~~991.~~22505930~~70928642 0.~~99822506~~99170929 16.~~77494070~~71118819 2-A1D 0.00000000 16.~~77494070~~71118830 ~~998~~991.~~22505930~~70928651 0.~~99822506~~99170929 16.~~77494070~~71118830 2-A2A 0.00000000 16.~~77494076~~71118815 ~~998~~991.~~22505924~~70928650 0.~~99822506~~99170929 16.~~77494076~~71118815 B-1 0.00000000 10.~~39342396~~00000000 998.~~60657604~~80199143 0.~~99860658~~99880199 10.~~39342396~~00000000 B-2 0.00000000 10.~~39342425~~00000000 998.~~60657575~~80199134 0.~~99860658~~99880199 10.~~39342425~~00000000 B-3 0.00000000 10.~~39342468~~00000000 998.~~60657532~~80199150 0.~~99860658~~99880199 10.~~39342468~~00000000 B-4 0.00000000 10.~~39342227~~00000000 998.~~60657773~~80199076 0.~~99860658~~99880199 10.~~39342227~~00000000 B-5 0.00000000 10.~~39342429~~00000000 998.~~60657571~~80199220 0.~~99860658~~99880199 10.~~39342429~~00000000 B-6 0.00000000 10.~~39342452~~00000000 998.~~60657548~~80199179 0.~~99860658~~99880199 10.~~39342452~~00000000 B-7 0.00000000 10.~~39342364~~00000000 998.~~60657636~~80199030 0.~~99860658~~99880199 10.~~39342364~~00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO ~~(1,905,300~~0.~~30000000)(1,905,300~~00000000 0.~~30000000)~~00000000 1,~~906,300~~000.~~30000000~~40000000 ~~1906~~1.~~30030000~~00040000 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 1-A 383,587,000.00 3.~~59000~~67688% 383,~~587~~143,~~000~~536.0090 ~~726~~1,~~790~~213,109.8192 0.00 0.00 AR 100.00 25.~~44175~~58621% ~~100~~0.00 0.2000 0.0005 0.00 AR-II 0.00 0.00000% 0.00 0.00 0.00 0.00 2-A1A 268,141,000.00 3.~~59000~~67688% ~~268~~267,~~141~~717,~~000~~464.0052 ~~508~~847,~~052~~647.7163 0.00 0.00 2-A1B 67,035,000.00 3.~~61000~~69688% 6766,~~035~~929,~~000~~116.0052 ~~127~~213,~~720~~063.3079 0.00 0.00 2-A1C 44,690,000.00 3.~~63000~~71688% 44,~~690~~619,~~000~~411.0002 85142,~~618~~810.5997 0.00 0.00 2-A1D 67,037,000.00 3.~~70000~~78688% 6766,~~037~~931,~~000~~113.0037 ~~130~~218,~~908~~257.3630 0.00 0.00 2-A2A 42,621,000.00 4.~~48400~~57088% 42,~~621~~553,~~000~~679.0005 ~~100~~167,~~864~~492.9679 0.00 0.00 B-1 65,325,000.00 4.~~04000~~12688% 65,~~325~~246,~~000~~740.0009 ~~139~~231,~~287~~867.4249 0.00 0.00 B-2 13,162,000.00 4.~~43000~~51688% 13,~~162~~146,~~000~~231.0081 3051,~~773~~132.4974 0.00 0.00 B-3 6,824,000.00 5.~~08000~~16688% 6,~~824~~815,~~000~~824.0079 1830,~~295~~325.9036 0.00 0.00 B-4 1,949,000.00 5.~~08000~~16688% 1,~~949~~946,~~000~~665.0008 58,~~225~~661.4921 0.00 0.00 B-5 4,874,000.00 5.~~08000~~16688% 4,~~874~~868,~~000~~160.0091 1321,~~067~~659.7470 0.00 0.00 B-6 5,849,000.00 5.~~08000~~16688% 5,~~849~~841,~~000~~992.0085 1525,~~681~~992.8253 0.00 0.00 B-7 3,905,811.45 5.~~08000~~16688% 3,~~905~~901,~~811~~132.4525 1017,~~471~~357.9114 0.00 0.0005 X-1 0.00 1.25000% ~~873~~838,~~111~~060,~~000~~615.0066 ~~909~~872,~~490~~979.6381 0.00 0.00 X-2 0.00 0.~~00000~~48799% ~~975~~973,~~000~~661,~~011~~169.4524 1395,947.2489 0.00 10.2400 PO 100.00 0.00000% 100.0004 0.00 0.00 0.00 Totals 975,000,011.45 24,~~822~~458,~~251~~306.5727 0.0005 10.2405

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A 0.00 0.00 ~~706~~1,~~534~~213,109.7792 0.00 ~~383~~382,~~068~~268,~~578~~210.1443 AR 0.00 0.00 10.4405 0.00 0.00 AR-II 0.00 0.00 0.00 0.00 0.00 2-A1A 0.00 0.00 ~~493~~847,~~893~~647.0163 0.00 ~~267~~265,~~665~~917,~~065~~919.6379 2-A1B 0.00 0.00 ~~124~~213,~~151~~063.2979 0.00 66,~~916~~479,~~016~~232.8502 2-A1C 0.00 0.00 83142,~~219~~810.8697 0.00 44,~~610~~319,~~677~~488.9001 2-A1D 0.00 0.00 ~~127~~218,~~208~~257.3530 0.00 66,~~918~~481,~~013~~215.3044 2-A2A 0.00 0.00 97167,~~787~~492.5479 0.00 42,~~545~~267,~~350~~641.2550 B-1 0.00 0.00 ~~107~~231,~~909~~867.8749 0.00 65,~~233~~246,~~974~~740.5809 B-2 0.00 0.00 2151,~~742~~132.2174 0.00 13,~~143~~146,~~659~~231.7581 B-3 0.00 0.00 1130,~~272~~325.5136 0.00 6,~~814~~815,~~491~~824.2779 B-4 0.00 0.00 38,~~219~~661.5421 0.00 1,946,~~284~~665.2208 B-5 0.00 0.00 821,~~051~~659.3270 0.00 4,~~867~~868,~~208~~160.4591 B-6 0.00 0.00 925,~~661~~992.9253 0.00 5,~~840~~841,~~849~~992.8685 B-7 0.00 0.00 617,~~451~~357.9809 0.0005 3,~~900~~901,~~369~~132.0025 X-1 0.00 0.00 ~~909~~872,~~490~~979.6381 0.00 ~~838~~806,~~060~~655,~~615~~037.6690 X-2 0.00 0.00 454,425.45 0.00 ~~1.24 973~~969,~~661~~500,~~169~~555.2406 PO 0.00 0.00 0.0001 0.00 ~~190,630~~100.0304 Totals 0.00 0.00 24,~~710~~516,~~596~~783.2484 10.2405 (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 1-A 383,587,000.00 3.~~59000~~67688% ~~1000~~998.~~00000000~~84390477 13.~~89472221~~16254180 0.00000000 0.00000000 AR 100.00 25.~~44175~~58621% ~~1000~~0.00000000 20.00000000 0.~~00000000~~50000000 0.00000000 AR-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 268,141,000.00 3.~~59000~~67688% ~~1000~~998.~~00000000~~42047475 13.~~89472222~~16120112 0.00000000 0.00000000 2-A1B 67,035,000.00 3.~~61000~~69688% ~~1000~~998.~~00000000~~42047468 13.~~90527784~~17839621 0.00000000 0.00000000 2-A1C 44,690,000.00 3.~~63000~~71688% ~~1000~~998.~~00000000~~42047483 13.~~91583330~~19559118 0.00000000 0.00000000 2-A1D 67,037,000.00 3.~~70000~~78688% ~~1000~~998.~~00000000~~42047481 13.~~95277772~~25577368 0.00000000 0.00000000 2-A2A 42,621,000.00 4.~~48400~~57088% ~~1000~~998.~~00000000~~42047465 23.~~36655545~~92981840 0.00000000 0.00000000 B-1 65,325,000.00 4.~~04000~~12688% ~~1000~~998.~~00000000~~80199143 23.~~13222227~~54944493 0.00000000 0.00000000 B-2 13,162,000.00 4.~~43000~~51688% ~~1000~~998.~~00000000~~80199134 23.~~33805577~~88487616 0.00000000 0.00000000 B-3 6,824,000.00 5.~~08000~~16688% ~~1000~~998.~~00000000~~80199150 24.~~68111079~~44392732 0.00000000 0.00000000 B-4 1,949,000.00 5.~~08000~~16688% ~~1000~~998.~~00000000~~80199076 24.~~68111339~~44392509 0.00000000 0.00000000 B-5 4,874,000.00 5.~~08000~~16688% ~~1000~~998.~~00000000~~80199220 24.~~68111202~~44392696 0.00000000 0.00000000 B-6 5,849,000.00 5.~~08000~~16688% ~~1000~~998.~~00000000~~80199179 24.~~68111130~~44392717 0.00000000 0.00000000 B-7 3,905,811.45 5.~~08000~~16688% ~~1000~~998.~~00000000~~80199030 24.~~68110996~~44392675 0.00000000 0.~~00000000~~00001280 X-1 0.00 1.25000% ~~1000~~959.~~00000000~~85575220 10.~~04166667~~99984974 0.00000000 0.00000000 X-2 0.00 0.~~00000~~48799% ~~1000~~998.~~00000000~~62682852 0.~~00000127~~40610040 0.00000000 0.~~00000127~~00000000 PO 100.00 0.00000% 1000.~~00000000~~40000000 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 1-A 0.00000000 0.00000000 13.~~84191532~~16254180 0.00000000 ~~998~~996.~~64848950~~56195447 AR 0.00000000 0.00000000 140.~~40000000~~50000000 0.00000000 0.00000000 AR-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 0.00000000 13.~~84191530~~16120112 0.00000000 ~~998~~991.~~22505932~~70928649 2-A1B 0.00000000 0.00000000 13.~~85203685~~17839621 0.00000000 ~~998~~991.~~22505930~~70928649 2-A1C 0.00000000 0.00000000 13.~~86215842~~19559118 0.00000000 ~~998~~991.~~22505930~~70928642 2-A1D 0.00000000 0.00000000 13.~~89758417~~25577368 0.00000000 ~~998~~991.~~22505930~~70928651 2-A2A 0.00000000 0.00000000 23.~~29435114~~92981840 0.00000000 ~~998~~991.~~22505924~~70928650 B-1 0.00000000 0.00000000 13.~~65189238~~54944493 0.00000000 998.~~60657604~~80199143 B-2 0.00000000 0.00000000 13.~~65189257~~88487616 0.00000000 998.~~60657575~~80199134 B-3 0.00000000 0.00000000 14.~~65189185~~44392732 0.00000000 998.~~60657532~~80199150 B-4 0.00000000 0.00000000 14.~~65189328~~44392509 0.00000000 998.~~60657773~~80199076 B-5 0.00000000 0.00000000 14.~~65189167~~44392696 0.00000000 998.~~60657571~~80199220 B-6 0.00000000 0.00000000 14.~~65189263~~44392717 0.00000000 998.~~60657548~~80199179 B-7 0.00000000 0.00000000 14.~~65189234~~44391395 0.~~00000000~~00001280 998.~~60657636~~80199030 X-1 0.00000000 0.00000000 10.~~04166667~~99984974 0.00000000 ~~959~~923.~~85575220~~88600980 X-2 0.00000000 0.00000000 0.~~00000000~~46607738 0.~~00000127~~00000000 ~~998~~994.~~62682852~~35953197 PO 0.00000000 0.00000000 0.~~00000000~~10000000 0.00000000 ~~1906300~~1000.~~30000000~~40000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-1 SEN 1.25000% ~~383,587,000.00~~ 368,233,097.38 354,443,224.22 0.00 0.00 9592.~~99728285~~40230358% X-1 SEN 1.25000% ~~489,524,000.00~~ 469,827,518.28 452,211,813.68 0.00 0.00 9592.~~97640121~~37786374% PO SEN 0.00000% 0.00 0.00 50.0004 ~~190,580~~50.0304 ~~381,160~~100.~~06000000~~08000000% PO SEN 0.00000% 0.00 0.00 50.00 50.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 48,~~550~~929,~~199~~274.2895 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 058,477.0056 Total Deposits 48,~~550~~987,~~199~~752.2851 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 310,~~230~~354.7950 Payment of Interest and Principal 48,~~239~~677,~~968~~398.4901 Total Withdrawals (Pool Distribution Amount) 48,~~550~~987,~~199~~752.2851 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 304,~~137~~269.0412 Master Servicing Fee 6,~~093~~085.7538 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 310,~~230~~354.7950

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 178,~~018,235~~874.8667 115,~~100,000~~946.0093 0.00 062,927.0074

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 0742,261.0078 0.00 0.00 0742,261.0078 30 Days 423 0 0 0 423 17,~~782~~276,~~299~~050.7164 0.00 0.00 0.00 17,~~782~~276,~~299~~050.7164 60 Days 01 0 0 0 01 0465,000.00 0.00 0.00 0.00 0465,000.00 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 424 02 0 0 426 17,~~782~~741,~~299~~050.7164 0742,261.0078 0.00 0.00 18,~~782~~483,~~299~~312.7142 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~~070423% 0.000000% 0.000000% 0.~~000000~~070423% 0.~~000000~~076674% 0.000000% 0.000000% 0.~~000000~~076674% 30 Days 0.~~140105~~809859% 0.000000% 0.000000% 0.000000% 0.~~140105~~809859% 0.~~182965~~751603% 0.000000% 0.000000% 0.000000% 0.~~182965~~751603% 60 Days 0.~~000000~~035211% 0.000000% 0.000000% 0.000000% 0.~~000000~~035211% 0.~~000000~~048034% 0.000000% 0.000000% 0.000000% 0.~~000000~~048034% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~140105~~845070% 0.~~000000~~070423% 0.000000% 0.000000% 0.~~140105~~915493% 0.~~182965~~799637% 0.~~000000~~076674% 0.000000% 0.000000% 0.~~182965~~876312%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 01 0 0 01 0250,436.0064 0.00 0.00 0250,436.0064 30 Days 114 0 0 0 114 ~~194~~3,~~862~~160,122.7911 0.00 0.00 0.00 ~~194~~3,~~862~~160,122.7911 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 14 1 0 0 015 ~~1 194~~3,~~862~~160,122.7911 0250,436.0064 0.00 0.00 ~~194~~3,~~862~~410,558.7975 0-29 Days 0.~~000000~~057471% 0.000000% 0.000000% 0.~~000000~~057471% 0.~~000000~~058725% 0.000000% 0.000000% 0.~~000000~~058725% 30 Days 0.~~057241~~804598% 0.000000% 0.000000% 0.000000% 0.~~057241~~804598% 0.~~045515~~741017% 0.000000% 0.000000% 0.000000% 0.~~045515~~741017% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~057241~~804598% 0.~~000000~~057471% 0.000000% 0.000000% 0.~~057241~~862069% 0.~~045515~~741017% 0.~~000000~~058725% 0.000000% 0.000000% 0.~~045515~~799742% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 01 0 0 01 0491,825.0014 0.00 0.00 0491,825.0014 30 Days 39 0 0 0 39 14,~~587~~115,~~436~~928.9253 0.00 0.00 0.00 14,~~587~~115,~~436~~928.9253 60 Days 01 0 0 0 01 0465,000.00 0.00 0.00 0.00 0465,000.00 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 310 01 0 0 311 14,~~587~~580,~~436~~928.9253 0491,825.0014 0.00 0.00 15,~~587~~072,~~436~~753.9267 0-29 Days 0.~~000000~~090909% 0.000000% 0.000000% 0.~~000000~~090909% 0.~~000000~~090807% 0.000000% 0.000000% 0.~~000000~~090807% 30 Days 0.~~270758~~818182% 0.000000% 0.000000% 0.000000% 0.~~270758~~818182% 0.~~290745~~759939% 0.000000% 0.000000% 0.000000% 0.~~290745~~759939% 60 Days 0.~~000000~~090909% 0.000000% 0.000000% 0.000000% 0.~~000000~~090909% 0.~~000000~~085855% 0.000000% 0.000000% 0.000000% 0.~~000000~~085855% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~270758~~909091% 0.~~000000~~090909% 0.000000% 0.000000% 01.~~270758~~000000% 0.~~290745~~845794% 0.~~000000~~090807% 0.000000% 0.000000% 0.~~290745~~936601%

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-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. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-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. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-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. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-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. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 25.~~599275~~857538% Weighted Average Net Coupon 25.~~224952~~482538% Weighted Average Pass-Through Rate 25.~~217452~~475038% Weighted Average Maturity(Stepdown Calculation) ~~412~~411 Beginning Scheduled Collateral Loan Count 2,~~856~~855 Number Of Loans Paid In Full 115 Ending Scheduled Collateral Loan Count 2,~~855~~840 Beginning Scheduled Collateral Balance ~~975~~973,~~000~~661,~~011~~169.4524 Ending Scheduled Collateral Balance ~~973~~969,~~661~~500,~~169~~555.2406 Ending Actual Collateral Balance at 3001-~~Jun~~Aug-2005 ~~974~~968,~~118~~070,~~929~~393.7585 Monthly P&I Constant 2,~~893~~891,~~071~~707.1929 Special Servicing Fee 0.00 Prepayment Penalties 058,477.0056 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~1,358,588~~0.7000 Unscheduled Principal ~~557~~6,~~681~~021,621.5846

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 25.~~822976~~965294 25.~~423984~~773031 25.~~599275~~857538 Weighted Average Net Rate 25.~~448231~~590294 25.~~049992~~398031 25.~~224952~~482538 Weighted Average Maturity ~~402~~401 ~~420~~419 ~~412~~411 Beginning Loan Count 1,747 1,~~109~~108 2,~~856~~855 Loans Paid In Full 07 18 115 Ending Loan Count 1,~~747~~740 1,~~108~~100 2,~~855~~840 Beginning Scheduled Balance ~~428~~427,~~350~~962,~~738~~236.6975 ~~546~~545,~~649~~698,~~272~~932.7649 ~~975~~973,~~000~~661,~~011~~169.4524 Ending Scheduled Balance 427,~~962~~086,~~236~~910.7528 ~~545~~542,~~698~~413,~~932~~644.4978 ~~973~~969,~~661~~500,~~169~~555.2406 Record Date 0608/3001/2005 0608/3001/2005 0608/3001/2005 Principal And Interest Constant 1,298,596.42 1,~~594~~593,~~474~~110.7787 2,~~893~~891,~~071~~707.1929 Scheduled Principal ~~579,031~~0.9700 ~~779,556~~0.7300 ~~1,358,588~~0.7000 Unscheduled Principal 971,~~591~~704,163.9784 ~~460~~4,~~089~~317,457.6162 ~~557~~6,~~681~~021,621.5846 Scheduled Interest 12,~~007~~127,~~686~~433.4579 12,~~104~~625,~~224~~280.1178 24,~~111~~752,~~910~~714.5657 Servicing Fees 133,~~768~~738.3620 170,~~368~~530.6892 304,~~137~~269.0412 Master Servicing Fees 2,~~677~~674.1976 3,~~416~~410.5662 6,~~093~~085.7538 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 0.00 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 ~~871~~1,~~240~~991,020.9083 ~~930~~2,~~438~~451,339.8724 14,~~801~~442,~~679~~360.7707 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 25.~~440731~~582794 25.~~042492~~390531 25.~~217452~~475038

Miscellaneous Reporting Group 1 Available Funds 12,~~260~~898,~~107~~670.4202 Senior Percentage 89.~~549781~~527429% Senior Prepayment Percentage 100.000000% Subordinate Percentage 10.~~450219~~472571% Subordinate Prepayment Percentage 0.000000% Group 2 Available Funds 15,~~879~~762,~~861~~781.07 Senior Percentage 89.~~549932~~564191% Senior Prepayment Percentage 100.000000% Subordinate Percentage 10.~~450068~~435809% Subordinate Prepayment Percentage 0.000000%

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance 1 07 01,562,000.00 01,560,047.0044 0 0.00 0.00 2 18 ~~369~~4,157,000.00 ~~368~~4,~~374~~145,219.6338 0 0.00 0.00 Total 115 ~~369~~5,719,000.00 ~~368~~5,~~374~~705,266.6382 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 97141,~~591~~244.9750 2 0 0.00 0.00 0 0.00 0.00 91165,~~542~~768.7672 Total 0 0.00 0.00 0 0.00 0.00 ~~189~~307,~~134~~013.7322

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 21 ~~9041469982~~9032766735 CA 9035.58 01-Jul-2005 185,000.00 184,745.85 1 9041497090 CA 80.00 01-May-2005 ~~369~~264,000.00 ~~368~~265,~~546~~547.8529 1 9041559667 CA 51.13 01-Jul-2005 317,000.00 316,828.07 1 9041614421 AZ 80.00 01-Jul-2005 300,000.00 299,650.23 1 9041636010 CA 90.00 01-Jul-2005 189,000.00 188,881.81 1 9041637703 CA 12.92 01-Jul-2005 155,000.00 155,134.34 1 9041646621 AZ 63.33 01-Jul-2005 152,000.00 152,131.75 2 9041511676 CA 77.14 01-Jun-2005 432,000.00 433,515.13 2 9041588435 MA 77.38 01-Jul-2005 503,000.00 502,246.29 2 9041599085 CA 71.65 01-Jul-2005 609,000.00 608,214.02 2 9041600883 CA 74.41 01-Jul-2005 650,000.00 649,860.40 2 9041605049 CA 63.06 01-Jul-2005 495,000.00 489,807.82 2 9041607938 CA 74.77 01-Jul-2005 400,000.00 399,483.76 2 9041645243 CA 80.00 01-Jul-2005 608,000.00 608,602.87 2 9041648437 CA 80.00 01-Jul-2005 460,000.00 459,958.61

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 9032766735 Loan Paid in Full 0 5.083% 360 1 1 9041497090 Loan Paid in Full 0 6.233% 480 3 1 9041559667 Loan Paid in Full (1) 6.083% 360 1 1 9041614421 Loan Paid in Full 0 5.333% 360 1 1 9041636010 Loan Paid in Full 0 6.133% 360 1 1 9041637703 Loan Paid in Full 0 6.133% 480 1 1 9041646621 Loan Paid in Full (1) 6.133% 480 1 2 ~~9041469982~~9041511676 Loan Paid in Full (1) 6.333% 480 2 2 9041588435 Loan Paid in Full (1) 4.933% 360 1 2 9041599085 Loan Paid in Full (1) 5.183% 360 1 2 9041600883 Loan Paid in Full (1) 4.833% 480 1 2 9041605049 Loan Paid in Full 0 5.~~004~~083% 360 1 2 9041607938 Loan Paid in Full 0 5.183% 360 1 2 9041645243 Loan Paid in Full 0 6.283% 480 1 2 9041648437 Loan Paid in Full (1) 4.983% 480 1

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 0.~~057~~617% Current Month 07.~~685~~161% Current Month ~~925~~2,611.~~722~~499% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.685% N/A Jul-2005 925.722% N/A Aug-2005 7.161% N/A Aug-2005 2,611.499% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 0.~~023~~397% Current Month 04.~~273~~666% Current Month ~~330~~1,650.~~293~~151% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.273% N/A Jul-2005 330.293% N/A Aug-2005 4.666% N/A Aug-2005 1,650.151% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 0.~~084~~790% Current Month 19.~~006~~075% Current Month 13,~~499~~393.~~479~~228% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 1.006% N/A Jul-2005 1,499.479% N/A Aug-2005 9.075% N/A Aug-2005 3,393.228% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Filing Compare · DSLA Mortgage Loan Trust 2005-AR4