8-K 1 bsa05sd1_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 25, 2005 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2005-SD1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-26 Pooling and Servicing Agreement) (Commission 54-2168075 (State or other File Number) 54-2168076 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2005-SD1 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-SD1 Trust, relating to the August 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 TRUST Asset Backed Certificates, Series 2005-SD1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-SD1 Trust, relating to the August 25, 2005 distribution. EX-99.1

Bear Stearns Asset Backed Securities Asset Backed Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2005-SD1 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 073877AA0 SEN 3.~~46438~~61000% 8982,~~719~~671,~~440~~406.7216 ~~241~~256,~~750~~993.6325 I-A-2 073877AB8 SEN 3.~~61438~~76000% 35,967,000.00 ~~101~~116,~~109~~453.8715 I-A-3 073877AC6 SEN 3.~~71438~~86000% 53,723,000.00 ~~155~~178,~~203~~569.7228 I-M-1 073877AD4 SUB 3.~~81438~~96000% 7,627,000.00 2226,~~627~~008.3307 I-M-2 073877AE2 SUB 4.~~11438~~26000% 3,757,000.00 1213,~~022~~781.6893 I-M-3 073877AF9 SUB 4.~~13438~~28000% 2,277,000.00 78,~~321~~392.9901 I-M-4 073877AG7 SUB 4.~~66438~~81000% 2,277,000.00 89,~~260~~431.6221 I-M-5 073877AH5 SUB 4.~~78438~~93000% 2,277,000.00 89,~~473~~666.1450 I-M-6 073877AJ1 SUB 5.~~76438~~91000% 2,277,000.00 1011,~~208~~588.7203 I-B 073877AQ5 SUB 6.~~31438~~46000% 2,277,000.00 1112,~~182~~666.7745 II-A 073877AK8 SEN 3.~~60438~~75000% 8178,~~512~~188,~~915~~786.9862 ~~228~~252,~~513~~484.8562 II-M-1 073877AL6 SUB 34.~~86438~~01000% 5,927,200.00 1720,~~814~~466.9695 II-M-2 073877AM4 SUB 4.~~11438~~26000% 3,875,500.00 1214,~~401~~216.8863 II-M-3 073877AP7 SUB 4.~~76438~~91000% 3,248,600.00 1213,~~038~~735.1126 II-B 073877AN2 SUB 5.~~81438~~96000% 2,621,718.00 1113,~~856~~455.1824 I-B-IO 073877AR3 SEN 0.00000% 0.00 0.00 II-B-IO 073877AS1 SEN 0.00000% 0.00 025,337.0020 R 073877AT9 RES 0.00000% 0.00 0.00 Totals ~~299~~288,~~364~~992,~~374~~210.7078 ~~860~~983,~~786~~245.4578

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 74,~~048~~987,~~034~~095.5606 0.00 8277,~~671~~684,~~406~~311.1610 75,~~289~~244,~~785~~088.1931 0.00 I-A-2 0.00 0.00 35,967,000.00 ~~101~~116,~~109~~453.8715 0.00 I-A-3 0.00 0.00 53,723,000.00 ~~155~~178,~~203~~569.7228 0.00 I-M-1 0.00 0.00 7,627,000.00 2226,~~627~~008.3307 0.00 I-M-2 0.00 0.00 3,757,000.00 1213,~~022~~781.6893 0.00 I-M-3 0.00 0.00 2,277,000.00 78,~~321~~392.9901 0.00 I-M-4 0.00 0.00 2,277,000.00 89,~~260~~431.6221 0.00 I-M-5 0.00 0.00 2,277,000.00 89,~~473~~666.1450 0.00 I-M-6 0.00 0.00 2,277,000.00 1011,~~208~~588.7203 0.00 I-B 0.00 0.00 2,277,000.00 1112,~~182~~666.7745 0.00 II-A 35,~~324~~051,~~129~~411.3656 0.00 7873,~~188~~137,~~786~~375.6205 35,~~552~~303,~~643~~896.2118 0.00 II-M-1 0.00 0.00 5,927,200.00 1720,~~814~~466.9695 0.00 II-M-2 0.00 0.00 3,875,500.00 1214,~~401~~216.8863 0.00 II-M-3 0.00 0.00 3,248,600.00 1213,~~038~~735.1126 0.00 II-B 0.00 0.00 2,621,718.00 1113,~~856~~455.1824 0.00 I-B-IO 0.00 0.00 0.00 0.00 0.00 II-B-IO 0.00 0.00 0.00 025,337.0020 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 10,~~372~~038,~~163~~506.9262 0.00 ~~288~~278,~~992~~953,~~210~~704.7815 11,~~232~~021,~~950~~752.3740 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-1 115,232,000.00 8982,~~719~~671,~~440~~406.7216 0.00 74,~~048~~987,~~034~~095.5606 0.00 0.00 I-A-2 35,967,000.00 35,967,000.00 0.00 0.00 0.00 0.00 I-A-3 53,723,000.00 53,723,000.00 0.00 0.00 0.00 0.00 I-M-1 7,627,000.00 7,627,000.00 0.00 0.00 0.00 0.00 I-M-2 3,757,000.00 3,757,000.00 0.00 0.00 0.00 0.00 I-M-3 2,277,000.00 2,277,000.00 0.00 0.00 0.00 0.00 I-M-4 2,277,000.00 2,277,000.00 0.00 0.00 0.00 0.00 I-M-5 2,277,000.00 2,277,000.00 0.00 0.00 0.00 0.00 I-M-6 2,277,000.00 2,277,000.00 0.00 0.00 0.00 0.00 I-B 2,277,000.00 2,277,000.00 0.00 0.00 0.00 0.00 II-A 94,207,300.00 8178,~~512~~188,~~915~~786.9862 0.00 35,~~324~~051,~~129~~411.3656 0.00 0.00 II-M-1 5,927,200.00 5,927,200.00 0.00 0.00 0.00 0.00 II-M-2 3,875,500.00 3,875,500.00 0.00 0.00 0.00 0.00 II-M-3 3,248,600.00 3,248,600.00 0.00 0.00 0.00 0.00 II-B 2,621,718.00 2,621,718.00 0.00 0.00 0.00 0.00 I-B-IO 0.00 0.00 0.00 0.00 0.00 0.00 II-B-IO 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 Totals 337,571,318.00 ~~299~~288,~~364~~992,~~374~~210.7078 0.00 10,~~372~~038,~~163~~506.9262 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 74,~~048~~987,~~034~~095.5606 8277,~~671~~684,~~406~~311.1610 0.~~71743445~~67415571 74,~~048~~987,~~034~~095.5606 I-A-2 0.00 35,967,000.00 1.00000000 0.00 I-A-3 0.00 53,723,000.00 1.00000000 0.00 I-M-1 0.00 7,627,000.00 1.00000000 0.00 I-M-2 0.00 3,757,000.00 1.00000000 0.00 I-M-3 0.00 2,277,000.00 1.00000000 0.00 I-M-4 0.00 2,277,000.00 1.00000000 0.00 I-M-5 0.00 2,277,000.00 1.00000000 0.00 I-M-6 0.00 2,277,000.00 1.00000000 0.00 I-B 0.00 2,277,000.00 1.00000000 0.00 II-A 35,~~324~~051,~~129~~411.3656 7873,~~188~~137,~~786~~375.6205 0.~~82996526~~77634509 35,~~324~~051,~~129~~411.3656 II-M-1 0.00 5,927,200.00 1.00000000 0.00 II-M-2 0.00 3,875,500.00 1.00000000 0.00 II-M-3 0.00 3,248,600.00 1.00000000 0.00 II-B 0.00 2,621,718.00 1.00000000 0.00 I-B-IO 0.00 0.00 0.00000000 0.00 II-B-IO 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 10,~~372~~038,~~163~~506.9262 ~~288~~278,~~992~~953,~~210~~704.7815 0.~~85609231~~82635487 10,~~372~~038,~~163~~506.9262

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 115,232,000.00 ~~778~~717.~~59831227~~43444668 0.00000000 6143.~~16386559~~27873386 0.00000000 I-A-2 35,967,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-3 53,723,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-1 7,627,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-2 3,757,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-3 2,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-4 2,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-5 2,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-6 2,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B 2,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A 94,207,300.00 ~~865~~829.~~25052708~~96526405 0.00000000 3553.~~28526303~~62017126 0.00000000 II-M-1 5,927,200.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-M-2 3,875,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-M-3 3,248,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B 2,621,718.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-B-IO 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 $1,000 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 6143.~~16386559~~27873386 ~~717~~674.~~43444668~~15571282 0.~~71743445~~67415571 6143.~~16386559~~27873386 I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A 0.00000000 3553.~~28526303~~62017126 ~~829~~776.~~96526405~~34509268 0.~~82996526~~77634509 3553.~~28526303~~62017126 II-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-B-IO 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-1 115,232,000.00 3.~~46438~~61000% 8982,~~719~~671,~~440~~406.7216 ~~241~~256,~~750~~993.6325 0.00 0.00 I-A-2 35,967,000.00 3.~~61438~~76000% 35,967,000.00 ~~101~~116,~~109~~453.8715 0.00 0.00 I-A-3 53,723,000.00 3.~~71438~~86000% 53,723,000.00 ~~155~~178,~~203~~569.7228 0.00 0.00 I-M-1 7,627,000.00 3.~~81438~~96000% 7,627,000.00 2226,~~627~~008.3307 0.00 0.00 I-M-2 3,757,000.00 4.~~11438~~26000% 3,757,000.00 1213,~~022~~781.6893 0.00 0.00 I-M-3 2,277,000.00 4.~~13438~~28000% 2,277,000.00 78,~~321~~392.9901 0.00 0.00 I-M-4 2,277,000.00 4.~~66438~~81000% 2,277,000.00 89,~~260~~431.6221 0.00 0.00 I-M-5 2,277,000.00 4.~~78438~~93000% 2,277,000.00 89,~~473~~666.1450 0.00 0.00 I-M-6 2,277,000.00 5.~~76438~~91000% 2,277,000.00 1011,~~208~~588.7203 0.00 0.00 I-B 2,277,000.00 6.~~31438~~46000% 2,277,000.00 1112,~~182~~666.7745 0.00 0.00 II-A 94,207,300.00 3.~~60438~~75000% 8178,~~512~~188,~~915~~786.9862 ~~228~~252,~~513~~484.8562 0.00 0.00 II-M-1 5,927,200.00 34.~~86438~~01000% 5,927,200.00 1720,~~814~~466.9695 0.00 0.00 II-M-2 3,875,500.00 4.~~11438~~26000% 3,875,500.00 1214,~~401~~216.8863 0.00 0.00 II-M-3 3,248,600.00 4.~~76438~~91000% 3,248,600.00 1213,~~038~~735.1126 0.00 0.00 II-B 2,621,718.00 5.~~81438~~96000% 2,621,718.00 1113,~~856~~455.1824 0.00 0.00 I-B-IO 0.00 0.00000% ~~204~~197,~~145~~540,~~881~~054.4136 0.00 0.00 0.00 II-B-IO 0.00 0.00000% ~~102~~98,~~077~~938,~~552~~613.3009 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 337,571,318.00 ~~860~~957,~~786~~908.4558 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 ~~241~~256,~~750~~993.6325 0.00 8277,~~671~~684,~~406~~311.1610 I-A-2 0.00 0.00 ~~101~~116,~~109~~453.8715 0.00 35,967,000.00 I-A-3 0.00 0.00 ~~155~~178,~~203~~569.7228 0.00 53,723,000.00 I-M-1 0.00 0.00 2226,~~627~~008.3307 0.00 7,627,000.00 I-M-2 0.00 0.00 1213,~~022~~781.6893 0.00 3,757,000.00 I-M-3 0.00 0.00 78,~~321~~392.9901 0.00 2,277,000.00 I-M-4 0.00 0.00 89,~~260~~431.6221 0.00 2,277,000.00 I-M-5 0.00 0.00 89,~~473~~666.1450 0.00 2,277,000.00 I-M-6 0.00 0.00 1011,~~208~~588.7203 0.00 2,277,000.00 I-B 0.00 0.00 1112,~~182~~666.7745 0.00 2,277,000.00 II-A 0.00 0.00 ~~228~~252,~~513~~484.8562 0.00 7873,~~188~~137,~~786~~375.6205 II-M-1 0.00 0.00 1720,~~814~~466.9695 0.00 5,927,200.00 II-M-2 0.00 0.00 1214,~~401~~216.8863 0.00 3,875,500.00 II-M-3 0.00 0.00 1213,~~038~~735.1126 0.00 3,248,600.00 II-B 0.00 0.00 1113,~~856~~455.1824 0.00 2,621,718.00 I-B-IO 0.00 0.00 0.00 0.00 ~~197~~192,~~540~~895,~~054~~205.3646 II-B-IO 0.00 0.00 025,337.0020 0.00 9893,~~938~~996,~~613~~652.0986 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~860~~983,~~786~~245.4578 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-1 115,232,000.00 3.~~46438~~61000% ~~778~~717.~~59831227~~43444668 2.~~09794701~~23022468 0.00000000 0.00000000 I-A-2 35,967,000.00 3.~~61438~~76000% 1000.00000000 23.~~81118442~~23777769 0.00000000 0.00000000 I-A-3 53,723,000.00 3.~~71438~~86000% 1000.00000000 23.~~88896227~~32388884 0.00000000 0.00000000 I-M-1 7,627,000.00 3.~~81438~~96000% 1000.00000000 23.~~96674053~~41000000 0.00000000 0.00000000 I-M-2 3,757,000.00 4.~~11438~~26000% 1000.00000000 3.~~20007453~~66833378 0.00000000 0.00000000 I-M-3 2,277,000.00 4.~~13438~~28000% 1000.00000000 3.~~21563022~~68555556 0.00000000 0.00000000 I-M-4 2,277,000.00 4.~~66438~~81000% 1000.00000000 34.~~62785244~~14194554 0.00000000 0.00000000 I-M-5 2,277,000.00 4.~~78438~~93000% 1000.00000000 34.~~72118577~~24527888 0.00000000 0.00000000 I-M-6 2,277,000.00 5.~~76438~~91000% 1000.00000000 45.~~48340799~~08916557 0.00000000 0.00000000 I-B 2,277,000.00 6.~~31438~~46000% 1000.00000000 45.~~91118577~~56277997 0.00000000 0.00000000 II-A 94,207,300.00 3.~~60438~~75000% ~~865~~829.~~25052708~~96526405 2.~~42564907~~68009613 0.00000000 0.00000000 II-M-1 5,927,200.00 34.~~86438~~01000% 1000.00000000 3.~~00562829~~45305541 0.00000000 0.00000000 II-M-2 3,875,500.00 4.~~11438~~26000% 1000.00000000 3.~~20007225~~66833441 0.00000000 0.00000000 II-M-3 3,248,600.00 4.~~76438~~91000% 1000.00000000 34.~~70563012~~22805516 0.00000000 0.00000000 II-B 2,621,718.00 5.~~81438~~96000% 1000.00000000 45.~~52229416~~13222246 0.00000000 0.00000000 I-B-IO 0.00 0.00000% ~~896~~867.~~58965882~~57748291 0.00000000 0.00000000 0.00000000 II-B-IO 0.00 0.00000% ~~895~~868.~~54491876~~00643457 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 2.~~09794701~~23022468 0.00000000 ~~717~~674.~~43444668~~15571282 I-A-2 0.00000000 0.00000000 23.~~81118442~~23777769 0.00000000 1000.00000000 I-A-3 0.00000000 0.00000000 23.~~88896227~~32388884 0.00000000 1000.00000000 I-M-1 0.00000000 0.00000000 23.~~96674053~~41000000 0.00000000 1000.00000000 I-M-2 0.00000000 0.00000000 3.~~20007453~~66833378 0.00000000 1000.00000000 I-M-3 0.00000000 0.00000000 3.~~21563022~~68555556 0.00000000 1000.00000000 I-M-4 0.00000000 0.00000000 34.~~62785244~~14194554 0.00000000 1000.00000000 I-M-5 0.00000000 0.00000000 34.~~72118577~~24527888 0.00000000 1000.00000000 I-M-6 0.00000000 0.00000000 45.~~48340799~~08916557 0.00000000 1000.00000000 I-B 0.00000000 0.00000000 45.~~91118577~~56277997 0.00000000 1000.00000000 II-A 0.00000000 0.00000000 2.~~42564907~~68009613 0.00000000 ~~829~~776.~~96526405~~34509268 II-M-1 0.00000000 0.00000000 3.~~00562829~~45305541 0.00000000 1000.00000000 II-M-2 0.00000000 0.00000000 3.~~20007225~~66833441 0.00000000 1000.00000000 II-M-3 0.00000000 0.00000000 34.~~70563012~~22805516 0.00000000 1000.00000000 II-B 0.00000000 0.00000000 45.~~52229416~~13222246 0.00000000 1000.00000000 I-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 ~~867~~847.~~57748291~~17774004 II-B-IO 0.00000000 0.00000000 0.~~00000000~~22228786 0.00000000 ~~868~~824.~~00643457~~64971928 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 1110,~~505~~938,~~315~~300.0996 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~155~~337,~~037~~296.6866 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 11,~~660~~275,~~352~~597.7762 Withdrawals Reimbursement for Servicer Advances ~~325~~155,~~247~~037.7268 Payment of Service Fee ~~102~~98,~~154~~807.6854 Payment of Interest and Principal 11,~~232~~021,~~950~~752.3740 Total Withdrawals (Pool Distribution Amount) 11,~~660~~275,~~352~~597.7762 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 9996,~~602~~336.8188 Master Servicing Fee 2,~~551~~470.8766 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~102~~98,~~154~~807.6854

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 6,524.95 02,984.0045 06,459.0050 610,~~524~~000.9500 Gr I Sen Cert Yield Maintenance Acc 0.00 0.00 0.00 0.00 Gr I Sub Cert Yield Maintenance Acc 0.00 0.00 0.00 0.00 Class II-A Yield Maintenance Acc 0.00 0.00 0.00 0.00 Class II-B Yield Maintenance Acc 0.00 0.00 0.00 0.00 Class II-M-1 Yield Maintenance Acc 0.00 0.00 0.00 0.00 Class II-M-2 Yield Maintenance Acc 0.00 0.00 0.00 0.00 Class II-M-3 Yield Maintenance Acc 0.00 0.00 0.00 0.00

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 3022 0 0 3022 32,~~074~~284,~~640~~091.7491 0.00 0.00 32,~~074~~284,~~640~~091.7491 30 Days 1155 010 0 0 1165 ~~224~~21,~~004~~831,037.2686 0774,039.0098 0.00 0.00 ~~224~~22,~~004~~605,077.2684 60 Days 4883 65 0 0 5488 611,~~811~~582,~~924~~703.9952 ~~378~~526,~~497~~185.7592 0.00 0.00 712,~~190~~108,~~422~~889.7444 90 Days 3325 1 67 0 4033 43,~~868~~643,~~433~~740.0337 ~~107~~91,~~105~~406.4413 ~~896~~889,~~363~~035.1421 0.00 54,~~871~~624,~~901~~181.6171 120 Days 109 2 1213 0 24 1,~~402~~006,~~000~~368.5529 ~~267~~185,~~675~~569.2697 12,~~403~~334,~~696~~594.0190 0.00 3,~~073~~526,~~371~~533.8216 150 Days 02 32 1210 10 1614 0226,573.0040 ~~686~~498,~~298~~593.0746 1,~~954~~081,~~838~~876.7322 ~~177,635~~0.6000 21,~~818~~807,~~772~~043.4008 180+ Days 23 47 2330 46 3346 ~~432~~660,~~212~~771.4665 ~~339~~851,~~582~~321.2498 23,~~771~~830,~~909~~737.9629 ~~356~~646,~~416~~208.9699 35,~~900~~989,~~121~~039.6291 Totals 94277 4649 5360 56 ~~198~~392 1338,~~738~~951,~~575~~195.2909 45,~~853~~211,~~799~~209.5035 78,~~026~~136,~~807~~243.8462 ~~534~~646,~~052~~208.5699 2652,~~153~~944,~~235~~857.1905 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 1.~~576458~~184069% 0.000000% 0.000000% 1.~~576458~~184069% 10.~~035686~~795062% 0.000000% 0.000000% 10.~~035686~~795062% 30 Days 08.~~052549~~342304% 0.~~000000~~538213% 0.000000% 0.000000% 08.~~052549~~880517% 07.~~075455~~599096% 0.~~000000~~269433% 0.000000% 0.000000% 07.~~075455~~868529% 60 Days 24.~~522333~~467169% 0.~~315292~~269107% 0.000000% 0.000000% 24.~~837625~~736276% 24.~~294583~~031786% 0.~~127496~~183158% 0.000000% 0.000000% 24.~~422079~~214944% 90 Days 1.~~734104~~345533% 0.~~052549~~053821% 0.~~315292~~376749% 0.000000% 21.~~101944~~776103% 1.~~639922~~268338% 0.~~036078~~031817% 0.~~301938~~309461% 0.000000% 1.~~977938~~609617% 120 Days 0.~~525486~~484392% 0.~~105097~~107643% 0.~~630583~~699677% 0.000000% 1.~~261167~~291712% 0.~~472261~~350304% 0.~~090166~~064594% 0.~~472832~~812642% 0.000000% 1.~~035259~~227540% 150 Days 0.~~000000~~107643% 0.~~157646~~107643% 0.~~630583~~538213% 0.~~052549~~000000% 0.~~840778~~753498% 0.~~000000~~078867% 0.~~231178~~173554% 0.~~658483~~376587% 0.~~059836~~000000% 0.~~949498~~629008% 180+ Days 0.~~105097~~161464% 0.~~210194~~376749% 1.~~208618~~614639% 0.~~210194~~322928% 12.~~734104~~475780% 0.~~145590~~230006% 0.~~114388~~296334% 01.~~933712~~333429% 0.~~120058~~224937% 12.~~313748~~084706% Totals 414.~~939569~~908504% 2.~~417236~~637244% 23.~~785076~~229279% 0.~~262743~~322928% 1021.~~404624~~097955% 413.~~627811~~558396% 1.~~634992~~813953% 2.~~366966~~832119% 0.~~179895~~224937% 818.~~809664~~429405%

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 2518 0 0 2518 21,~~593~~956,~~862~~505.3619 0.00 0.00 21,~~593~~956,~~862~~505.3619 30 Days 098 08 0 0 0106 012,609,005.0095 0590,761.0022 0.00 0.00 013,199,767.0017 60 Days 3357 54 0 0 3861 47,~~729~~340,~~520~~916.3994 ~~355~~373,~~860~~514.8374 0.00 0.00 57,~~085~~714,~~381~~431.2268 90 Days 20 0 1 2 0 2123 2,~~177~~596,~~667~~725.7170 091,406.0013 59184,~~884~~063.9812 0.00 2,~~237~~872,~~552~~194.6995 120 Days 73 0 84 0 157 ~~925~~302,~~423~~270.0830 0.00 ~~912~~213,~~494~~854.9769 0.00 1516,~~837,918~~124.0599 150 Days 2 0 16 2 0 38 226,573.40 0.00 ~~296~~472,~~247~~249.8781 ~~124,051.68~~ 0.00 ~~420~~698,~~299~~823.5521 180+ Days 1 23 1516 12 1922 272,571.65 ~~202~~498,~~558~~806.2310 1,~~285~~297,~~308~~203.0631 85197,~~000~~157.9033 12,~~845~~265,~~438~~738.8439 Totals 61181 3334 2628 12 ~~121~~245 823,~~105~~348,~~182~~063.8394 3,~~448~~510,~~529~~993.2938 2,~~381~~167,~~739~~370.6993 85197,~~000~~157.9033 1429,~~020~~223,~~452~~585.7158 0-29 Days 1.~~838235~~347305% 0.000000% 0.000000% 1.~~838235~~347305% 1.~~310943~~012544% 0.000000% 0.000000% 1.~~310943~~012544% 30 Days 07.~~000000~~335329% 0.~~000000~~598802% 0.000000% 0.000000% 07.~~000000~~934132% 06.~~000000~~525499% 0.~~000000~~305735% 0.000000% 0.000000% 06.~~000000~~831234% 60 Days 24.~~426471~~266467% 0.~~367647~~299401% 0.000000% 0.000000% 24.~~794118~~565868% 23.~~390310~~799122% 0.~~179853~~193304% 0.000000% 0.000000% 23.~~570162~~992425% 90 Days 1.~~470588~~497006% 0.~~000000~~074850% 0.~~073529~~149701% 0.000000% 1.~~544118~~721557% 1.~~100598~~343875% 0.~~000000~~047305% 0.~~030266~~095258% 0.000000% 1.~~130864~~486438% 120 Days 0.~~514706~~224551% 0.000000% 0.~~588235~~299401% 0.000000% 10.~~102941~~523952% 0.~~467711~~156433% 0.000000% 0.~~461177~~110676% 0.000000% 0.~~928888~~267109% 150 Days 0.~~000000~~149701% 0.~~073529~~000000% 0.~~147059~~449102% 0.000000% 0.~~220588~~598802% 0.~~000000~~117258% 0.~~149724~~000000% 0.~~062696~~244402% 0.000000% 0.~~212420~~361660% 180+ Days 0.~~073529~~074850% 0.~~147059~~224551% 1.~~102941~~197605% 0.~~073529~~149701% 1.~~397059~~646707% 0.~~137758~~141063% 0.~~102373~~258146% 0.~~649597~~671338% 0.~~042960~~102034% 01.~~932689~~172580% Totals 413.~~485294~~547904% 2.~~426471~~544910% 12.~~911765~~095808% 0.~~073529~~149701% 818.~~897059~~338323% 412.~~096376~~083250% 1.~~742894~~817033% 1.~~203736~~121673% 0.~~042960~~102034% 715.~~085966~~123990% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 54 0 0 54 ~~480~~327,~~778~~586.3872 0.00 0.00 ~~480~~327,~~778~~586.3872 30 Days 157 02 0 0 159 ~~224~~9,~~004~~222,031.2691 0183,278.0076 0.00 0.00 ~~224~~9,~~004~~405,310.2667 60 Days 1526 1 0 0 1627 24,~~082~~241,~~404~~786.6058 22152,~~636~~671.9218 0.00 0.00 24,~~105~~394,~~041~~457.5276 90 Days 135 10 5 0 1910 21,~~690~~047,~~765~~014.3267 ~~107,105~~0.4400 ~~836~~704,~~478~~972.1609 0.00 31,~~634~~751,~~348~~986.9276 120 Days 36 2 49 0 917 ~~476~~704,~~577~~097.4799 ~~267~~185,~~675~~569.2697 ~~491~~2,~~201~~120,740.0421 0.00 13,~~235~~010,~~453~~408.7717 150 Days 0 2 104 10 136 0.00 ~~390~~498,~~050~~593.2046 1609,~~830,787~~626.0541 ~~177,635~~0.6000 21,~~398~~108,~~472~~219.8587 180+ Days 1 2 84 3 14 ~~159~~4 24 388,~~640~~200.8100 ~~137~~352,~~024~~515.0188 12,~~486~~533,~~601~~533.9098 ~~271~~449,~~416~~051.0666 23,~~054~~723,~~682~~301.7852 Totals 3396 1315 2732 4 77147 515,~~633~~603,~~392~~131.4615 1,~~405~~700,~~270~~215.2197 45,~~645~~968,~~068~~872.1569 449,051.66 1223,~~132~~721,~~782~~271.4847 0-29 Days 0.~~920810~~766284% 0.000000% 0.000000% 0.~~920810~~766284% 0.~~485597~~348282% 0.000000% 0.000000% 0.~~485597~~348282% 30 Days 010.~~184162~~919540% 0.~~000000~~383142% 0.000000% 0.000000% 011.~~184162~~302682% 09.~~226250~~804624% 0.~~000000~~194857% 0.000000% 0.000000% 09.~~226250~~999482% 60 Days 24.~~762431~~980843% 0.~~184162~~191571% 0.000000% 0.000000% 25.~~946593~~172414% 24.~~103278~~509757% 0.~~022864~~162316% 0.000000% 0.000000% 24.~~126141~~672073% 90 Days 20.~~394107~~957854% 0.~~184162~~000000% 0.~~920810~~957854% 0.000000% 31.~~499079~~915709% 21.~~717736~~113159% 0.~~108179~~000000% 0.~~844863~~749508% 0.000000% 31.~~670778~~862667% 120 Days 01.~~552486~~149425% 0.~~368324~~383142% 01.~~736648~~724138% 0.000000% 13.~~657459~~256705% 0.~~481354~~748579% 0.~~270358~~197293% 02.~~496125~~254716% 0.000000% 13.~~247837~~200588% 150 Days 0.000000% 0.~~368324~~383142% 10.~~841621~~766284% 0.~~184162~~000000% 21.~~394107~~149425% 0.000000% 0.~~393960~~530092% 10.~~849138~~648139% 0.~~179416~~000000% 21.~~422514~~178231% 180+ Days 0.~~184162~~383142% 0.~~368324~~766284% 12.~~473297~~681992% 0.~~552486~~766284% 24.~~578269~~597701% 0.~~161241~~412724% 0.~~138397~~374786% 12.~~501503~~693587% 0.~~274137~~477420% 23.~~075278~~958517% Totals 618.~~077348~~390805% 2.~~394107~~873563% 46.~~972376~~130268% 0.~~736648~~766284% 1428.~~180479~~160920% 516.~~689859~~588843% 1.~~419356~~807625% 46.~~691628~~345950% 0.~~453553~~477420% 1225.~~254396~~219839%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~155~~337,~~037~~296.6866

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 1 ~~Aug~~Sep-04 0.000% Original Principal Balance ~~178~~114,~~500~~700.00 ~~Sep~~Oct-04 0.000% Current Principal Balance ~~177~~112,~~635~~156.6043 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 56 ~~Jan~~Feb-05 0.000% Original Principal Balance ~~537~~651,~~225~~925.00 ~~Feb~~Mar-05 0.000% Current Principal Balance ~~534~~646,~~052~~208.5699 ~~Mar-05 0.000%~~ Apr-05 0.000% May-05 0.044% Jun-05 0.116% Jul-05 0.180% Aug-05 0.225% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 01 ~~Aug~~Sep-04 0.000% Original Principal Balance 0114,700.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0112,156.0043 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 12 ~~Jan~~Feb-05 0.000% Original Principal Balance 86200,~~000~~700.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 85197,~~000~~157.9033 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.~~000~~042% ~~Jun~~Jul-05 0.~~042~~043% ~~Jul~~Aug-05 0.~~043~~102% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 10 ~~Aug~~Sep-04 0.000% Original Principal Balance ~~178,500~~0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance ~~177,635~~0.6000 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 4 ~~Jan~~Feb-05 0.000% Original Principal Balance 451,225.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 449,051.66 ~~Mar-05 0.000%~~ Apr-05 0.000% May-05 0.132% Jun-05 0.266% Jul-05 0.454% Aug-05 0.477% *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.

REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance Group I 0000227443 Aug-2005 01-Aug-2002 OH 98.88 114,700.00 Group I 0082529264 Jun-2005 01-Feb-2004 TX 100.00 86,000.00 Group II 0038547204 May-2005 01-Jul-2004 MO 92.98 140,400.00 Group II 0134263862 Jun-2005 01-Feb-2004 MO 65.00 91,000.00 Group II 0135423275 Jul-2005 01-Apr-2004 MI 85.00 178,500.00 Group II 0137373825 Jun-2005 01-Jul-2004 TN 95.00 41,325.00

REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group I 0000227443 112,156.43 01-Oct-2004 9 7.500% 4,719.02 Group I 0082529264 85,000.90 01-Nov-2004 78 6.750% 23,~~650~~090.0018 Group II 0038547204 139,692.73 01-Oct-2004 89 4.875% 3,~~209~~742.8809 Group II 0134263862 90,585.98 01-Nov-2004 78 10.950% 45,~~728~~515.2919 Group II 0135423275 177,635.60 01-Jan-2005 56 10.250% 810,~~872~~348.0616 Group II 0137373825 41,137.35 01-Dec-2004 67 7.500% 1,~~487~~734.3451

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1912 ~~Aug~~Sep-04 0.000% Original Principal Balance 2,~~802~~085,~~036~~789.8200 ~~Sep~~Oct-04 0.000% Current Principal Balance 2,~~748~~056,~~320~~163.2645 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 5360 ~~Jan~~Feb-05 0.000% Original Principal Balance 78,~~195~~324,~~078~~967.67 ~~Feb~~Mar-05 0.~~000~~890% Current Principal Balance 78,~~026~~136,~~807~~243.8462 ~~Mar-05 0.890%~~ Apr-05 1.798% May-05 1.717% Jun-05 2.046% Jul-05 2.367% Aug-05 2.832% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 84 ~~Aug~~Sep-04 0.000% Original Principal Balance ~~932~~245,~~885~~407.00 ~~Sep~~Oct-04 0.000% Current Principal Balance ~~912~~230,~~494~~608.9753 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 2628 ~~Jan~~Feb-05 0.000% Original Principal Balance 2,~~432~~226,~~106~~513.85 ~~Feb~~Mar-05 0.~~000~~140% Current Principal Balance 2,~~381~~167,~~739~~370.6993 ~~Mar-05 0.140%~~ Apr-05 0.892% May-05 1.190% Jun-05 1.196% Jul-05 1.204% Aug-05 1.122% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 118 ~~Aug~~Sep-04 0.000% Original Principal Balance 1,~~869~~840,~~151~~382.8200 ~~Sep~~Oct-04 0.000% Current Principal Balance 1,~~835,~~825,554.2992 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 2732 ~~Jan~~Feb-05 0.000% Original Principal Balance 46,~~762~~098,~~971~~453.82 ~~Feb~~Mar-05 02.~~000~~392% Current Principal Balance 45,~~645~~968,~~068~~872.1569 ~~Mar-05 2.392%~~ Apr-05 3.595% May-05 2.759% Jun-05 3.747% Jul-05 4.692% Aug-05 6.346% *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 Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group I 0000081979 Apr-2005 01-Apr-2004 OH 85.00 76,500.00 Group I ~~0000227443~~0000562612 ~~Apr~~Jul-2005 01-~~Aug~~Sep-2002 OHMN 98.8828 ~~114~~80,~~700~~100.00 Group I ~~0000562612~~0001523430 ~~Jul~~Apr-2005 01-~~Sep~~Nov-~~2002~~2004 MNOH 9893.2855 8072,~~100~~037.0010 Group I ~~0001523430~~0001673849 ~~Apr~~Aug-2005 01-~~Nov~~Dec-~~2004~~1996 OHIN 9360.5500 7230,~~037~~000.1000 Group I 0001891073 Apr-2005 01-Feb-2004 UT 97.67 151,389.75 Group I 0002958238 Apr-2005 01-Sep-1997 NY 98.11 55,925.00 Group I 0003091663 Apr-2005 01-May-2004 OR 90.00 99,000.00 Group I 0004009148 Apr-2005 01-Jan-2003 NJ 85.00 105,400.00 Group I 0006408659 Apr-2005 01-Oct-1997 IL 93.56 23,390.00 Group I 0006574098 Aug-2005 01-May-1998 IL 64.15 44,907.00 Group I 0006703091 Aug-2005 01-Mar-1998 NC 100.00 93,500.00 Group I 0007195771 Jul-2005 01-Dec-1998 MN 99.86 53,425.00 Group I 0008098831 Jun-2005 01-May-2000 IN 96.77 90,000.00 Group I 0030100028 Jul-2005 01-Feb-2004 GA 94.98 123,950.00 Group I 0038884631 Mar-2005 01-Jul-2004 FL 97.61 67,350.00 Group I 0040096811 Jun-2005 01-Nov-2003 IL 95.00 104,500.00 Group I 0128633641 May-2005 01-Jun-2003 IN 85.00 108,800.00 Group I 0131897712 May-2005 01-Oct-2003 AL 100.00 131,000.00 Group I 0132209347 Jun-2005 01-Nov-2003 TX 70.00 37,800.00 Group I 0134622976 Apr-2005 01-Apr-2004 NY 100.00 76,000.00 Group I 0134957661 May-2005 01-Apr-2004 IN 70.00 38,080.00 Group I 0135491686 Jul-2005 01-Feb-2004 MS 90.00 44,100.00 Group I ~~0141160812~~0136198504 ~~Apr~~Aug-2005 01-~~Feb~~Jun-~~2003~~2004 OHVA 8970.6900 8777,000.00 Group I ~~0200145696~~0141160812 ~~Jul~~Apr-2005 01-~~Sep~~Feb-2003 GAOH ~~90.~~89.69 ~~336~~87,~~300~~000.00 Group I 0201053162 Jul-2005 01-May-2004 OH 90.00 74,700.00 Group I 4000069616 Jul-2005 01-May-2004 GA 98.95 108,760.00 Group I 6451545336 Jul-2005 01-Aug-2000 FL 93.73 111,550.00 Group I 9561100313 Apr-2005 01-Jul-2004 KS 85.00 60,350.00 Group II ~~0000073392 Jul-2005 01-Mar-2004 CA 60.45 120,900.00 Group II~~ 0016921967 Jul-2005 01-Feb-1999 NJ 79.65 180,000.00 Group II 0026551010 Jun-2005 01-May-1999 MI 80.00 292,000.00 Group II 0036362374 Jul-2005 01-May-2000 CA 89.83 265,000.00 Group II 0039587860 Jun-2005 01-Oct-2000 IL 93.25 152,000.00 Group II 0063420855 Jul-2005 01-Oct-2004 CO 79.52 416,701.82 Group II 0100336866 May-2005 01-Dec-2001 CO 75.77 227,300.00 Group II ~~0124866062~~0126549229 ~~Apr~~Jul-2005 01-~~Dec~~Mar-~~2002~~2003 AKMS 80.00 ~~248~~94,400.00 Group II 0127830198 Aug-2005 01-May-2003 IA 85.00 68,000.00 Group II ~~0126549229~~0128080553 ~~Jul~~Aug-2005 01-~~Mar~~Aug-2003 MSMN 80.00 94196,~~400~~000.00 Group II 0129971164 Mar-2005 01-Aug-2003 MO 85.00 209,100.00 Group II 0132157397 Jun-2005 01-Nov-2003 AK 85.00 136,000.00 Group II 0132302373 Apr-2005 01-Oct-2003 NY 90.00 423,000.00 Group II 0132440074 Aug-2005 01-Nov-2003 WA 80.00 216,000.00 Group II 0133131474 Jun-2005 01-Dec-2003 WI 80.00 71,200.00 Group II 0134122134 Mar-2005 01-Feb-2004 SC 62.30 38,000.00 Group II 0134149335 Jun-2005 01-Feb-2004 FL 90.00 73,800.00 Group II 0134185545 Aug-2005 01-Feb-2004 MI 80.00 80,000.00 Group II 0134242478 Jul-2005 01-Feb-2004 MO 90.00 117,000.00 Group II 0134888023 Jul-2005 01-Apr-2004 GA 49.35 227,000.00 Group II ~~0135095537~~0135066678 ~~Jul~~Aug-2005 01-Apr-2004 OHTX 85.00 ~~191~~303,~~250~~832.00 Group II ~~0135225191~~0135095537 ~~Mar~~Jul-2005 01-Apr-2004 TXOH 8085.00 ~~139~~191,~~920~~250.00 Group II ~~0135251486~~0135225191 ~~Jun~~Mar-2005 01-~~May~~Apr-2004 MOTX 8580.00 ~~136~~139,~~000~~920.00 Group II 0135356749 Jul-2005 01-Apr-2004 IL 70.65 32,500.00 Group II 0135742542 Jul-2005 01-May-2004 WI 85.00 125,800.00 Group II 0135745305 Jun-2005 01-May-2004 LA 92.17 212,000.00 Group II 0136257292 Jul-2005 01-May-2004 LA 85.00 98,600.00 Group II 0137214102 Aug-2005 01-Jun-2004 NJ 72.88 223,000.00 Group II 0137446605 Aug-2005 01-Jun-2004 IA 85.00 104,550.00 Group II 0138424817 Apr-2005 01-Sep-2004 IL 90.00 126,000.00 Group II 0200617223 Aug-2005 01-Feb-2004 CA 78.86 649,000.00 Group II 7019655260 Apr-2005 10-Sep-1998 CA 45.16 140,000.00 Group II 9159741488 May-2005 01-Feb-1997 CA 69.09 269,500.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group I 0000081979 75,926.61 01-Nov-2004 78 7.640% 23,~~705~~154.2890 Group I ~~0000227443~~0000562612 ~~112~~77,~~156~~687.4364 01-~~Oct~~Feb-~~2004~~2005 85 76.500% 42,~~047~~827.0441 Group I ~~0000562612~~0001523430 7771,~~687~~685.6432 01-~~Feb~~Oct-~~2005~~2004 49 65.~~500~~875% 2,~~425~~236.0340 Group I ~~0001523430~~0001673849 7127,~~685~~327.3285 01-~~Oct~~Mar-~~2004~~2005 84 58.~~875~~750% 1,~~918~~124.5399 Group I 0001891073 149,486.82 01-Oct-2004 89 5.875% 4,~~006~~671.3952 Group I 0002958238 51,349.16 01-Nov-2004 78 8.000% 12,~~977~~305.3235 Group I 0003091663 98,321.89 01-Nov-2004 78 7.500% 34,~~434~~005.4119 Group I 0004009148 103,530.98 01-Nov-2004 78 8.250% 4,~~004~~669.0150 Group I 0006408659 21,649.90 01-Nov-2004 78 8.375% ~~874~~1,020.06 Group I 0006574098 41,047.95 01-Mar-2005 4 7.500% 1,484.85 Group I 0006703091 85,593.91 01-Mar-2005 4 7.500% 3,096.26 Group I 0007195771 47,262.15 01-Feb-2005 45 6.500% 1,~~414~~648.1641 Group I 0008098831 86,192.49 01-Jan-2005 56 9.000% 34,~~763~~388.9496 Group I 0030100028 122,409.01 01-Feb-2005 45 6.375% 34,~~590~~186.3258 Group I 0038884631 67,104.46 01-Oct-2004 89 6.500% 2,~~087~~433.1466 Group I 0040096811 103,342.25 01-Dec-2004 67 7.750% 34,~~738~~360.7209 Group I 0128633641 102,891.48 01-Dec-2004 67 8.875% 4,~~258~~960.9433 Group I 0131897712 129,779.71 01-Dec-2004 67 8.625% 56,~~422~~324.9540 Group I 0132209347 37,398.71 01-Dec-2004 67 9.875% 12,~~750~~041.6383 Group I 0134622976 75,483.98 01-Dec-2004 67 7.750% 23,~~823~~292.4467 Group I 0134957661 37,859.19 01-Jan-2005 56 8.875% 1,~~630~~901.5161 Group I 0135491686 43,810.85 01-Feb-2005 45 9.990% 2,~~132~~486.1585 Group I ~~0141160812~~0136198504 8576,~~200~~638.3682 01-~~Oct~~Apr-~~2004~~2005 83 710.~~250~~375% 23,~~868~~231.8274 Group I ~~0200145696~~0141160812 ~~332~~85,~~592~~200.6536 01-~~Feb~~Oct-~~2005~~2004 49 87.~~750~~250% 133,~~705~~345.6837 Group I 0201053162 74,055.96 01-Feb-2005 45 6.875% 2,~~357~~748.3598 Group I 4000069616 107,~~652~~424.5130 01-~~Feb~~Apr-2005 43 6.000% 2,~~955~~459.7216 Group I 6451545336 107,024.20 01-Feb-2005 45 8.500% 4,~~274~~985.9407 Group I 9561100313 59,884.98 01-Mar-2005 34 6.900% 1,~~595~~913.5176 Group II ~~0000073392 119,785.39 01-Feb-2005 4 7.500% 4,187.37 Group II~~ 0016921967 164,027.19 01-Jan-2005 56 4.648% 3,~~413~~974.6109 Group II 0026551010 276,767.55 01-Jan-2005 56 45.~~874~~003% 56,~~339~~376.1734 Group II 0036362374 ~~257~~256,~~186~~433.8613 01-~~Jan~~Mar-2005 54 56.~~965~~072% 6,~~577~~709.2068 Group II 0039587860 ~~146~~145,~~030~~896.9155 01-~~Jan~~Feb-2005 5 8.500% 56,~~827~~795.6875 Group II 0063420855 414,889.17 01-Jan-2005 56 6.625% 1214,~~670~~773.5493 Group II 0100336866 215,140.67 01-Jan-2005 56 4.875% 45,~~688~~465.3352 Group II ~~0124866062~~0126549229 ~~245~~93,~~502~~242.0523 01-~~Dec~~Mar-~~2004~~2005 64 11.~~750~~000% 115,~~759~~008.8731 Group II ~~0126549229~~0127830198 9367,~~242~~134.2316 01-Mar-2005 4 10.125% 3,158.66 11Group II 0128080553 190,351.~~000~~30 01-Feb-2005 5 3.875% 4,~~174~~014.5585 Group II 0129971164 202,~~879~~557.7372 01-~~Mar~~Apr-2005 3 4.000% 3,~~164~~159.9690 Group II 0132157397 134,449.36 01-Feb-2005 45 7.950% 56,~~171~~031.6302 Group II 0132302373 418,332.59 01-Oct-2004 89 8.125% 1518,565.47 Group II 0132440074 212,919.2769 01-Mar-2005 4 7.125% 7,024.88 Group II 0133131474 70,493.38 01-Dec-2004 67 7.950% 23,~~620~~056.9054 Group II 0134122134 37,639.42 01-Nov-2004 78 6.375% 1,~~147~~338.9148 Group II 0134149335 73,308.39 01-Jan-2005 56 9.125% 3,~~248~~789.8710 Group II 0134185545 79,126.00 01-Apr-2005 3 8.500% 2,719.34 Group II 0134242478 116,000.66 01-Jan-2005 56 8.125% 45,~~560~~318.8779 Group II 0134888023 225,433.20 01-Mar-2005 34 8.950% 89,~~166~~797.9431 Group II ~~0135095537~~0135066678 ~~189~~301,~~813~~958.2138 01-Mar-2005 34 89.~~625~~500% 613,~~619~~954.3606 Group II ~~0135225191~~0135095537 ~~138~~189,~~929~~813.2021 01-~~Feb~~Mar-2005 4 8.~~375~~625% 57,~~640~~940.1162 Group II ~~0135251486~~0135225191 ~~135~~138,~~135~~929.1520 01-~~Jan~~Feb-2005 5 78.~~875~~375% 56,~~143~~577.1156 Group II 0135356749 32,300.50 01-Jan-2005 56 8.950% 1,~~402~~636.9325 Group II 0135742542 125,109.79 01-Mar-2005 34 9.625% 45,~~884~~859.5185 Group II 0135745305 210,805.63 01-Dec-2004 67 7.875% 89,~~017~~349.2173 Group II 0136257292 9897,~~037~~919.0940 01-~~Feb~~Apr-2005 43 8.950% 3,445.48 Group II 0137214102 221,335.85 01-Apr-2005 3 8.375% 7,489.16 Group II 0137446605 104,033.12 01-Apr-2005 3 10.125% 4,~~138~~278.3349 Group II 0138424817 125,616.70 01-Dec-2004 67 7.625% 5,388.40 Group II 0200617223 648,696.42 01-Mar-2005 4 5.875% 17,~~620~~433.4975 Group II 7019655260 123,528.63 10-Oct-2004 78 4.~~297~~454% 2,~~094~~494.2095 Group II 9159741488 254,683.50 01-Dec-2004 67 5.~~565~~672% 67,~~017~~102.0445

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~232071~~222212% Weighted Average Net Coupon 5.~~841757~~832288% Weighted Average Pass-Through Rate 5.~~831757~~822288% Weighted Average Maturity(Stepdown Calculation) ~~314~~313 Beginning Scheduled Collateral Loan Count 1,~~953~~903 Number Of Loans Paid In Full 5045 Ending Scheduled Collateral Loan Count 1,~~903~~858 Beginning Scheduled Collateral Balance ~~306~~296,~~223~~478,~~433~~667.7145 Ending Scheduled Collateral Balance ~~296~~286,~~478~~891,~~667~~858.4532 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~296~~287,~~869~~284,~~851~~677.8330 Monthly P&I Constant 21,~~019~~954,~~026~~286.9741 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~434~~423,~~338~~224.8941 Unscheduled Principal 9,~~316~~169,~~077~~816.8899

Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.~~396155~~377253 5.~~903920~~912658 6.~~232071~~222212 Weighted Average Net Rate 65.~~007881~~989344 5.~~509525~~518710 5.~~841757~~832288 Weighted Average Maturity ~~300~~299 ~~341~~340 ~~314~~313 Beginning Loan Count 1,~~393~~360 ~~560~~543 1,~~953~~903 Loans Paid In Full 3324 1721 5045 Ending Loan Count 1,~~360~~336 ~~543~~522 1,~~903~~858 Beginning Scheduled Balance ~~204~~197,~~145~~540,~~881~~054.4136 ~~102~~98,~~077~~938,~~552~~613.3009 ~~306~~296,~~223~~478,~~433~~667.7145 Ending Scheduled Balance ~~197~~192,~~540~~895,~~054~~205.3646 9893,~~938~~996,~~613~~652.0986 ~~296~~286,~~478~~891,~~667~~858.4532 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 1,~~429~~385,~~855~~057.7251 ~~589~~569,~~171~~228.2590 21,~~019~~954,~~026~~286.9741 Scheduled Principal ~~341~~335,~~731~~255.8508 9287,~~607~~969.0433 ~~434~~423,~~338~~224.8941 Unscheduled Principal 64,~~264~~309,~~095~~593.2082 34,~~051~~860,~~982~~223.6817 9,~~316~~169,~~077~~816.8899 Scheduled Interest 1,~~088~~049,~~123~~802.8743 ~~502~~487,~~214~~491.7284 1,~~590~~537,~~338~~294.5927 Servicing Fees 6663,~~053~~856.8030 3332,~~549~~480.0158 9996,~~602~~336.8188 Master Servicing Fees 1,~~701~~646.2217 ~~850~~824.6549 2,~~551~~470.8766 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 1984,~~020,368~~299.8596 ~~467~~454,~~815~~186.0677 1,~~488~~438,~~183~~486.9173 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.~~997881~~979344 5.~~499525~~508710 5.~~831757~~822288

Miscellaneous Reporting Group Group I 3 Months Rolling DLQ Average Percentage 0.~~056944~~065295% Excess Cashflow Amount ~~442~~340,~~207~~681.5172 Overcollateralized Amount 2,~~409~~751,~~648~~894.2036 Overcollateralized Deficiency Amount 1,~~347~~005,~~262~~016.2306 Overcollateralized Increase Amount ~~442~~342,~~207~~246.5116 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 3,756,910.43 Trigger Event in a Group I NOYES Group Group II 3 Months Rolling DLQ Average Percentage 0.~~106443~~131283% Excess Cashflow Amount ~~185~~139,~~190~~828.1503 Overcollateralized Amount 5,~~076~~186,~~808~~259.4781 Overcollateralized Deficiency Amount ~~109,451~~0.3300 Overcollateralized Increase Amount ~~185~~109,~~190~~451.1533 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 5,186,259.81 Trigger Event in a Group II YES

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 Group I 3324 64,~~442~~389,~~152~~420.6532 64,~~207~~161,~~851~~923.9902 0 0.00 0.00 Group II 1721 34,~~166~~915,~~305~~700.00 34,~~037~~764,~~724~~926.8988 0 0.00 0.00 Total 5045 9,~~608~~305,~~457~~120.6532 98,~~245~~926,~~576~~849.8890 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 Group I 0 0.00 0.00 0 0.00 0.00 64154,~~712~~052.3204 Group II 0 0.00 0.00 0 0.00 0.00 1999,~~227~~529.2004 Total 0 0.00 0.00 0 0.00 0.00 83253,~~939~~581.5208

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0000250259~~0000154706 HITX 6248.00 01-~~Jun~~Apr-2003 ~~310~~254,~~000~~400.00 ~~277~~173,~~016~~103.4910 Group I ~~0000276914~~0000396299 ALNY 7670.9591 01-~~Oct~~Aug-2002 ~~170~~195,~~850~~000.00 ~~157~~168,~~318~~245.7602 Group I ~~0000654835~~0000760907 MNGA 9980.7570 01-~~Oct~~Aug-2002 ~~199~~230,~~500~~000.00 ~~194~~197,~~410~~741.7516 Group I ~~0000763669~~0001128201 MOMD 9480.2500 01-~~Dec~~Aug-~~2002~~2004 ~~118~~124,~~750~~800.00 ~~115~~123,~~413~~507.8857 Group I ~~0000778031~~0001130253 FLNJ 7971.0511 01-~~Sep~~Nov-~~2002~~2004 ~~100~~160,000.00 86158,~~124~~584.1725 Group I ~~0000886643~~0001499684 CTFL 7877.4181 01-~~Dec~~Sep-~~2002~~2003 ~~308~~130,~~136~~500.00 ~~297~~121,~~983~~761.8318 Group I ~~0000B17526~~0001602507 MSMI 9098.0027 01-~~Dec~~Aug-~~2002~~1999 8761,~~300~~911.0032 8457,~~610~~937.6447 Group I ~~0001123984~~0002868609 NJMI 80100.00 01-~~Jul~~May-~~2004~~1996 ~~740~~40,000.00 ~~732~~35,~~545~~500.9995 Group I ~~0001127753~~0004012316 VAMD 8093.0045 01-~~Aug~~Mar-~~2004~~2003 ~~336~~400,000.00 ~~332~~388,~~706~~627.1573 Group I ~~0001135235~~0004012449 NYFL 7584.95 01-~~Nov~~Jul-~~2004~~2003 ~~417~~82,~~750~~400.00 ~~414~~80,~~595~~719.2947 Group I ~~0002937112~~0010134183 MDNV 8798.7245 01-~~Mar~~Apr-~~2004~~2003 34140,~~650~~790.00 32136,~~364~~409.4477 Group I ~~0004011003~~0026407726 FL 9476.2834 01-~~Jan~~Jul-2003 ~~216~~251,~~850~~960.00 ~~211~~244,~~363~~434.6915 Group I ~~0004726708~~0036154623 MDIL 8094.0062 01-~~May~~Mar-~~1998~~2004 ~~300~~286,~~000~~709.00 ~~272~~282,~~232~~155.3863 Group I ~~0006484345~~0040153029 MTFL 7989.6134 01-~~Oct~~Jun-~~1997~~2004 ~~144~~109,~~498.08 128,235.13 Group I 0008877791 MN 100.00 01-Oct-2001 103,~~000.00 98106,~~216~~969.3538 Group I ~~0010506863~~0040157216 KSIL 9873.5587 01-~~Oct~~Jul-~~2002~~2004 ~~102~~418,~~000~~100.00 98407,~~923~~589.4834 Group I ~~0010822892~~0082116203 NVOR 9689.4873 01-~~Oct-2002 144,728.00 140,122.97 Group I 0025776287 GA 94.81 01-~~Sep-~~2001~~2003 ~~147~~175,~~906~~000.00 ~~141~~171,~~516~~770.2672 Group I ~~0026626879~~0083569517 KSMS 9080.00 01-~~Aug~~Jun-~~2003~~2004 36336,000.00 34331,~~099~~591.0756 Group I ~~0026843102~~0083778076 FLCA ~~90.19 01-Jun-2002 85,684.57 83,028.38 Group I 0027166149 FL~~ 80.00 01-~~Feb~~Jul-~~2003~~2004 ~~249~~116,~~600~~000.00 ~~241~~114,~~579~~677.0604 Group I ~~0028692192~~0134887496 SCIL 7734.6548 01-~~Dec~~May-~~2002~~2004 ~~198~~100,000.00 ~~188~~91,~~643~~953.4550 Group I ~~0034910653~~0135654952 WVOR 95.00 01-~~Oct~~Jul-2004 ~~247~~142,~~000~~500.00 ~~236~~140,~~216~~399.0087 Group I ~~0037947645~~0142301282 INIL 8575.~~70 01-May-2004 60,000.~~00 ~~59,284.84 Group I 0040057580 AZ 96.68~~ 01-Jun-~~2003~~2004 ~~189~~178,500.00 ~~184~~175,~~620~~802.4247 Group I ~~0108607730~~0200407302 CTIL 9080.00 01-~~Jul~~Dec-2003 ~~423~~141,~~000~~600.00 ~~413~~137,~~696~~987.9318 Group I ~~0108688409~~0201232287 NYMD 5278.2556 01-~~Aug~~Jun-~~2003~~2004 ~~209~~204,~~000~~250.00 ~~191~~201,~~571~~016.0195 Group I ~~0130871635~~2000356310 KSFL 80100.00 01-~~Sep~~Aug-2003 ~~200~~110,000.00 ~~194~~107,~~716~~056.6532 Group III ~~0135347409~~0000072948 VAMN 8455.9713 01-~~Apr~~Mar-2004 ~~155~~145,~~500~~000.00 ~~153~~143,~~068~~036.3282 Group III ~~0137337903~~0000073392 SCCA 9060.0045 01-~~Jul~~Mar-2004 56120,~~250~~900.00 55119,~~614~~196.0004 Group III ~~0139148944~~0000086414 VACA ~~100~~69.0097 01-~~Aug~~May-2004 ~~176~~236,~~000~~500.00 ~~174~~234,~~643~~519.3892 Group III ~~0200719177~~0001127821 GANJ 90.00 01-~~Mar~~Sep-2004 ~~110~~238,~~700~~500.00 ~~109~~234,~~607~~610.9763 Group III ~~3200308191~~0038911194 FL 7899.0588 01-~~Dec~~May-~~2003~~2004 6485,~~000~~900.00 6384,~~292~~221.7574 Group II ~~0001131353~~0040157179 NJNC 8964.9453 01-~~Oct~~Jul-2004 ~~483~~193,~~000~~600.00 ~~479~~193,~~576~~426.0850 Group II ~~0009309794~~0077299196 INCA 9380.2000 01-~~Jun~~Sep-~~1991~~2002 54260,~~055~~000.00 40248,~~726~~897.5232 Group II ~~0031211113~~0078225687 MNFL 7993.9820 01-~~Nov~~Aug-~~1999~~2004 ~~141~~147,250.00 ~~130~~145,~~486~~765.6468 Group II ~~0040145797~~0084594795 CANV 6490.5800 01-~~Jun~~Oct-2004 ~~155~~477,000.00 ~~152~~476,~~071~~731.7542 Group II ~~0045811676~~0100052869 CTNY 8580.0034 01-~~Feb~~Nov-~~2002~~1986 56160,~~950~~700.00 5485,~~420~~737.4849 Group II ~~0082190505~~0123530693 ORCA 7280.3100 01-~~Sep~~Nov-~~2003~~2002 ~~470~~492,000.00 ~~422~~465,~~138~~898.5905 Group II ~~0129776985~~0124866062 GAAK 9480.1500 01-~~Jul~~Dec-~~2003~~2002 ~~210~~248,~~900~~000.00 ~~202~~244,~~991~~627.4802 Group II ~~0134187756~~0135314789 FLGA 95.00 01-~~Feb~~May-2004 ~~104~~228,~~500~~950.00 ~~103~~224,~~212~~031.3914 Group II ~~0134367085~~0135539617 WAMS 80.00 01-Apr-2004 ~~166~~44,~~400~~000.00 ~~163~~43,~~467~~654.9907 Group II ~~0135150217~~0135791416 GAMD 8461.8147 01-~~Apr~~Jun-2004 ~~237~~209,~~500~~000.00 ~~232~~206,~~788~~743.4759 Group II ~~0135506723~~0136203775 NJCA 7551.0025 01-May-2004 99164,000.00 98161,~~165~~746.4382 Group II ~~0135921039~~0700035819 MDCA 7580.00 01-~~May~~Jul-2004 ~~197~~282,~~250~~400.00 ~~195~~282,~~269~~400.6400 Group II ~~0136037496~~1610000363 NJAZ 80.00 01-~~May~~Jul-2004 ~~200~~632,000.00 ~~197~~621,~~784~~169.0978 Group II ~~0814360129~~2040823005 NYVA 6859.6718 01-~~Dec~~Nov-~~1992~~2004 ~~108~~174,~~500~~000.00 87172,~~807~~228.7331 Group II ~~4415001291~~4405026379 MO 8077.0036 01-Jul-2004 ~~120~~176,000.00 ~~118~~173,~~140~~581.9926 Group II ~~5725005763~~9601117631 VAAZ 6478.1343 01-~~May~~Oct-2004 ~~198~~200,~~800~~000.00 ~~192~~198,~~174~~470.~~47 Group II 9201103232 MD 80.00 01-Jul-2004 163,200.00 161,532.74~~53

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0000250259~~0000154706 Loan Paid in Full 0 5.~~125~~750% ~~180~~360 2528 Group I ~~0000276914~~0000396299 Loan Paid in Full 0 6.~~125~~375% ~~240~~180 3336 Group I ~~0000654835~~0000760907 Loan Paid in Full 0 ~~8.000% 360 33 Group I 0000763669 Loan Paid in Full 1 7.125% 360 31 Group I 0000778031 Loan Paid in Full 1~~ 6.~~375~~500% 180 3436 Group I ~~0000886643~~0001128201 Loan Paid in Full 0 67.~~250~~375% 360 3112 Group I ~~0000B17526~~0001130253 Loan Paid in Full 20 6.~~625~~750% 360 319 Group I ~~0001123984~~0001499684 Loan Paid in Full 0 84.~~250~~875% ~~360~~240 1223 Group I ~~0001127753~~0001602507 Loan Paid in Full 0 7.~~375~~875% 360 1172 Group I ~~0001135235~~0002868609 Loan Paid in Full ~~(1)~~0 78.000% 360 8111 Group I ~~0002937112~~0004012316 Loan Paid in Full 0 56.~~250~~875% ~~180 16 Group I 0004011003 Loan Paid in Full 0 7.500%~~ 360 3029 Group I ~~0004726708~~0004012449 Loan Paid in Full 63 7.~~000~~625% 360 8625 Group I ~~0006484345~~0010134183 Loan Paid in Full 0 6.~~375~~000% 360 9328 Group I ~~0008877791~~0026407726 Loan Paid in Full 60 75.~~500~~750% 360 4525 Group I ~~0010506863~~0036154623 Loan Paid in Full 0 76.~~930~~875% 360 3317 Group I ~~0010822892~~0040153029 Loan Paid in Full 0 6.~~875~~250% 360 3314 Group I ~~0025776287~~0040157216 Loan Paid in Full 0 75.~~125~~875% 360 4613 Group I ~~0026626879~~0082116203 Loan Paid in Full ~~1 6.380% 240 23 Group I 0026843102 Loan Paid in Full~~ 0 7.~~625~~875% 360 3723 Group I ~~0027166149~~0083569517 Loan Paid in Full 0 6.~~000~~875% 360 2914 Group I ~~0028692192~~0083778076 Loan Paid in Full ~~0 6.250% 84 31 Group I 0034910653 Loan Paid in Full~~ (1) 67.~~125~~250% 360 913 Group I ~~0037947645~~0134887496 Loan Paid in Full 0 75.~~375~~750% 360 1415 Group I ~~0040057580~~0135654952 Loan Paid in Full 0 65.~~375~~875% 360 2513 Group I ~~0108607730~~0142301282 Loan Paid in Full 0 76.~~000~~125% 360 2414 Group I ~~0108688409~~0200407302 Loan Paid in Full ~~(1)~~0 6.~~625~~875% ~~180~~360 2320 Group I ~~0130871635~~0201232287 Loan Paid in Full 50 65.~~620~~875% ~~180~~360 2214 Group I ~~0135347409~~2000356310 Loan Paid in Full 0 6.500% ~~180~~360 1524 Group III ~~0137337903~~0000072948 Loan Paid in Full 0 67.~~875~~990% 360 1217 Group III ~~0139148944~~0000073392 Loan Paid in Full 04 87.500% 360 1117 Group III ~~0200719177~~0000086414 Loan Paid in Full 12 9.~~000~~490% 360 1615 Group III ~~3200308191~~0001127821 Loan Paid in Full 60 95.~~375~~250% 360 1911 Group II ~~0001131353~~0038911194 Loan Paid in Full 0 75.~~875~~375% 360 915 Group II ~~0009309794~~0040157179 Loan Paid in Full ~~(1)~~0 4.~~500~~000% 360 ~~169~~13 Group II ~~0031211113~~0077299196 Loan Paid in Full 02 45.~~750~~625% 360 6835 Group II ~~0040145797~~0078225687 Loan Paid in Full 0 47.500% 360 1312 Group II ~~0045811676~~0084594795 Loan Paid in Full 0 6.~~250~~625% 360 4110 Group II ~~0082190505~~0100052869 Loan Paid in Full 0(1) 5.375% ~~180~~360 22225 Group II ~~0129776985~~0123530693 Loan Paid in Full 20 45.~~000~~750% 360 2433 Group II ~~0134187756~~0124866062 Loan Paid in Full 06 911.~~500~~750% 360 1732 Group II ~~0134367085~~0135314789 Loan Paid in Full 0 64.~~250~~875% 360 15 Group II ~~0135150217~~0135539617 Loan Paid in Full 02 510.~~000~~125% 360 1516 Group II ~~0135506723~~0135791416 Loan Paid in Full 40 98.~~250~~500% 360 14 Group II ~~0135921039~~0136203775 Loan Paid in Full 10 87.~~250~~125% 360 1415 Group II ~~0136037496~~0700035819 Loan Paid in Full 0 75.~~750~~500% 360 1413 Group II ~~0814360129~~1610000363 Loan Paid in Full 0(1) 5.~~950~~625% 360 ~~151~~13 Group II ~~4415001291~~2040823005 Loan Paid in Full 0 56.~~875~~000% 360 129 Group II ~~5725005763~~4405026379 Loan Paid in Full 0 36.~~750~~250% 360 1413 Group II ~~9201103232~~9601117631 Loan Paid in Full 0 7.~~400~~990% 360 1210

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 3.~~047~~097% Current Month 31.~~014~~446% Current Month ~~724~~701.~~989~~376% 3 Month Average 2.~~711~~923% 3 Month Average 2829.~~061~~930% 3 Month Average ~~683~~697.~~897~~334% 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 15.769% N/A Feb-2005 474.822% N/A Mar-2005 22.381% N/A Mar-2005 632.990% N/A Apr-2005 17.172% N/A Apr-2005 462.090% N/A May-2005 25.839% N/A May-2005 661.066% N/A Jun-2005 27.331% N/A Jun-2005 665.637% N/A Jul-2005 31.014% N/A Jul-2005 724.989% N/A Aug-2005 31.446% N/A Aug-2005 701.376% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I SMM CPR PSA Current Month 32.~~074~~185% Current Month 3123.~~245~~291% Current Month ~~697~~496.~~188~~856% 3 Month Average 2.~~603~~468% 3 Month Average 2725.~~054~~818% 3 Month Average ~~628~~575.~~484~~372% 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 15.334% N/A Feb-2005 436.071% N/A Mar-2005 21.430% N/A Mar-2005 573.348% N/A Apr-2005 20.582% N/A Apr-2005 523.202% N/A May-2005 26.998% N/A May-2005 656.192% N/A Jun-2005 22.919% N/A Jun-2005 532.073% N/A Jul-2005 31.245% N/A Jul-2005 697.188% N/A Aug-2005 23.291% N/A Aug-2005 496.856% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II SMM CPR PSA Current Month 24.~~992~~916% Current Month 3045.~~551~~391% Current Month ~~789~~1,116.~~184~~753% 3 Month Average 23.~~923~~826% 3 Month Average 2937.~~799~~099% 3 Month Average ~~804~~953.~~893~~586% 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 16.631% N/A Feb-2005 567.527% N/A Mar-2005 24.249% N/A Mar-2005 774.476% N/A Apr-2005 9.938% N/A Apr-2005 302.530% N/A May-2005 23.492% N/A May-2005 670.674% N/A Jun-2005 35.354% N/A Jun-2005 954.822% N/A Jul-2005 30.551% N/A Jul-2005 789.184% N/A Aug-2005 45.391% N/A Aug-2005 1,116.753% 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 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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. Group I MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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. Group II MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 · BSABS 20005-SD1