8-K 1 bsa05ac3_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 I TRUST Asset Backed Certificates, Series 2005-AC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-38 Pooling and Servicing Agreement) (Commission 54-2173215 (State or other File Number) 54-2173216 jurisdiction 54-2173217 of Incorporation) 54-2176690 54-2176691 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2230 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES I TRUST, Asset Backed Certificates, Series 2005-AC3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-AC3 Trust, relating to the 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 I TRUST Asset Backed Certificates, Series 2005-AC3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-AC3 Trust, relating to the 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-AC3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution I-A-1 073879XD5 SEN 3.~~81438~~96000% ~~149~~146,~~159~~909,~~936~~590.6736 ~~474~~484,~~127~~801.2365 I-A-2 073879XE3 SEN 1.~~68562~~54000% 0.00 ~~209~~188,~~522~~533.4897 I-M-1 073879XF0 MEZ 3.~~76438~~91000% 12,~~330~~144,~~544~~515.2478 3840,~~680~~889.7191 I-M-2 073879XG8 MEZ 34.~~96438~~11000% 11,~~733~~556,~~841~~815.3824 3840,~~764~~901.5150 I-M-3 073879XH6 MEZ 4.~~01438~~16000% 5,~~370~~289,~~325~~304.8278 1718,~~965~~947.4447 I-B-1 073879XJ2 SUB 4.~~51438~~66000% 4,~~772~~700,~~636~~632.6785 1718,~~954~~862.5860 I-B-2 073879XK9 SUB 4.~~66438~~81000% 4,~~574~~505,~~393~~380.2327 1718,~~780~~661.5903 I-B-3 073879XL7 SUB 5.~~01438~~16000% 3,~~778~~721,~~460~~455.6576 1516,~~788~~535.8667 I-B-4 073879XM5 SUB 6.~~31438~~46000% 5,~~171~~093,~~096~~080.1080 2728,~~210~~331.2268 I-C 073879XR4 OC 0.00000% 2,017,245.00 ~~188~~173,~~146~~375.1808 I-P 073879XQ6 SEN 0.00000% 100.00 516,~~693~~034.4844 I-R-1 073879XN3 RES 0.00000% 0.00 0.00 I-R-2 073879XP8 RES 0.00000% 0.00 0.00 II-A-1 073879WQ7 SEN 5.25000% ~~150~~148,~~844~~237,~~059~~090.6928 ~~659~~648,~~942~~537.7627 II-A-2 073879WR5 SEN 5.25000% 5,~~656~~559,~~997~~229.0069 24,~~749~~321.3663 II-A-3 073879WS3 SEN 3.~~66438~~81000% 5049,~~418~~475,~~945~~823.6477 ~~153~~157,~~961~~085.8174 II-A-4 073879WT1 SEN 3.~~83562~~69000% 0.00 ~~161~~152,~~156~~138.6016 II-X 073879WU8 SEN 0.~~02485~~02629% 0.00 78.7918 II-PO 073879WV6 SEN 0.00000% 1,~~164~~161,~~130~~898.0425 0.00 II-B-1 073879WW4 SUB 5.~~80256~~80265% 8,~~417~~412,~~248~~439.8853 40,~~701~~678.3369 II-B-2 073879WX2 SUB 5.~~80256~~80265% 2,~~019~~018,~~859~~705.8980 9,~~766~~761.9753 II-B-3 073879WY0 SUB 5.~~80256~~80265% 1,~~122~~121,~~366~~725.4819 5,~~427~~424.1715 II-B-4 073879XA1 SUB 5.~~80256~~80265% 1,~~122~~121,~~366~~725.4819 5,~~427~~424.1715 II-B-5 073879XB9 SUB 5.~~80256~~80265% 785,~~556~~107.5975 3,~~798~~796.5342 II-B-6 073879XC7 SUB 5.~~80256~~80265% 561,~~915~~595.6716 2,~~717~~715.1362 II-R-1 073879WZ7 RES 0.00000% 0.00 0.00 II-R-2 073879XS2 RES 0.00000% 0.00 0.00 II-R-3 073879XT0 RES 0.00000% 0.00 0.00 II-P 073879XU7 SEN 0.00000% 100.00 76,~~595~~006.5400 Totals ~~421~~414,~~022~~393,~~126~~561.1245 2,~~126~~101,~~886~~772.4454

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 24,~~250~~321,~~346~~912.3175 0.00 ~~146~~142,~~909~~587,~~590~~677.3661 24,~~724~~806,~~473~~714.5440 0.00 I-A-2 0.00 0.00 0.00 ~~209~~188,~~522~~533.4897 0.00 I-M-1 ~~186~~357,~~028~~277.4782 0.00 1211,~~144~~787,~~515~~237.7896 ~~224~~398,~~709~~167.1873 0.00 I-M-2 ~~177~~339,~~026~~988.1334 0.00 11,~~556~~216,~~815~~826.2491 ~~215~~380,~~790~~889.6484 0.00 I-M-3 81155,~~021~~605.0432 0.00 5,~~289~~133,~~304~~699.7846 98174,~~986~~552.4879 0.00 I-B-1 72138,~~003~~287.8226 0.00 4,~~700~~562,~~632~~345.8558 89157,~~958~~149.4086 0.00 I-B-2 69132,~~012~~543.9615 0.00 4,~~505~~372,~~380~~837.2712 86151,~~793~~204.5518 0.00 I-B-3 57109,~~004~~480.8899 0.00 3,~~721~~611,~~455~~974.7677 72126,~~793~~016.7466 0.00 I-B-4 78149,~~015~~832.3063 0.00 54,~~093~~943,~~080~~248.8017 ~~105~~178,~~225~~164.5231 0.00 I-C 0.00 0.00 2,017,245.00 ~~188~~173,~~146~~375.1808 0.00 I-P 0.00 0.00 100.00 516,~~693~~034.4844 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-A-1 23,~~606~~126,~~969~~310.4045 0.00 ~~148~~145,~~237~~110,~~090~~779.2884 3,~~266~~774,~~912~~847.1672 0.00 II-A-2 97117,~~767~~243.3179 0.00 5,~~559~~441,~~229~~985.6990 ~~122~~141,~~516~~565.6742 0.00 II-A-3 ~~943~~1,~~121~~094,988.8748 0.00 4948,~~475~~380,~~823~~835.7729 1,~~097~~252,~~083~~074.6822 0.00 II-A-4 0.00 0.00 0.00 ~~161~~152,~~156~~138.6016 0.00 II-X 0.00 0.00 0.00 78.7918 0.00 II-PO 212,~~231~~953.7976 0.00 1,~~161~~148,~~898~~944.2549 212,~~231~~953.7976 0.00 II-B-1 4,~~809~~817.3537 0.00 8,~~412~~407,~~439~~622.5316 45,~~510~~496.6806 0.00 II-B-2 1,~~154~~156.0901 0.00 2,~~018~~017,~~705~~549.80 10,~~921~~917.0654 0.00 II-B-3 ~~641~~642.2935 0.00 1,121,~~725~~082.1984 6,~~068~~066.4650 0.00 II-B-4 ~~641~~642.2935 0.00 1,121,~~725~~082.1984 6,~~068~~066.4650 0.00 II-B-5 ~~448~~449.8459 0.00 ~~785~~784,~~107~~658.7516 4,~~247~~246.3701 0.00 II-B-6 320.5082 0.00 561,~~595~~274.1634 3,~~037~~036.6344 0.00 II-R-1 0.00 0.00 0.00 0.00 0.00 II-R-2 0.00 0.00 0.00 0.00 0.00 II-R-3 0.00 0.00 0.00 0.00 0.00 II-P 0.00 0.00 100.00 76,~~595~~006.5400 0.00 Totals 610,~~628~~064,~~564~~453.6423 0.00 ~~414~~404,~~393~~329,~~561~~108.4524 812,~~755~~166,~~451~~225.0877 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 151,234,000.00 ~~149~~146,~~159~~909,~~936~~590.6736 0.00 24,~~250~~321,~~346~~912.3175 0.00 0.00 I-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-M-1 12,502,000.00 12,~~330~~144,~~544~~515.2478 0.00 ~~186~~357,~~028~~277.4782 0.00 0.00 I-M-2 11,897,000.00 11,~~733~~556,~~841~~815.3824 0.00 ~~177~~339,~~026~~988.1334 0.00 0.00 I-M-3 5,445,000.00 5,~~370~~289,~~325~~304.8278 0.00 81155,~~021~~605.0432 0.00 0.00 I-B-1 4,839,000.00 4,~~772~~700,~~636~~632.6785 0.00 72138,~~003~~287.8226 0.00 0.00 I-B-2 4,638,000.00 4,~~574~~505,~~393~~380.2327 0.00 69132,~~012~~543.9615 0.00 0.00 I-B-3 3,831,000.00 3,~~778~~721,~~460~~455.6576 0.00 57109,~~004~~480.8899 0.00 0.00 I-B-4 5,243,000.00 5,~~171~~093,~~096~~080.1080 0.00 78149,~~015~~832.3063 0.00 0.00 I-C 2,017,245.09 2,017,245.00 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 152,260,000.00 ~~150~~148,~~844~~237,~~059~~090.6928 9392,~~980~~484.3709 23,~~512~~033,~~989~~826.0436 0.00 0.00 II-A-2 5,710,098.00 5,~~656~~559,~~997~~229.0069 3,~~524~~468.4836 94113,~~242~~775.8342 0.00 0.00 II-A-3 51,412,546.00 5049,~~418~~475,~~945~~823.6477 20,~~806~~545.3445 ~~922~~1,~~315~~074,443.5304 0.00 0.00 II-A-4 0.00 0.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 II-PO 1,171,356.00 1,~~164~~161,~~130~~898.0425 1,~~723~~732.5401 ~~508~~11,221.2575 0.00 0.00 II-B-1 8,422,000.00 8,~~417~~412,~~248~~439.8853 4,~~809~~817.3537 0.00 0.00 0.00 II-B-2 2,021,000.00 2,~~019~~018,~~859~~705.8980 1,~~154~~156.0901 0.00 0.00 0.00 II-B-3 1,123,000.00 1,~~122~~121,~~366~~725.4819 ~~641~~642.2935 0.00 0.00 0.00 II-B-4 1,123,000.00 1,~~122~~121,~~366~~725.4819 ~~641~~642.2935 0.00 0.00 0.00 II-B-5 786,000.00 785,~~556~~107.5975 ~~448~~449.8459 0.00 0.00 0.00 II-B-6 562,232.84 561,~~915~~595.6716 320.5082 0.00 0.00 0.00 II-R-1 50.00 0.00 0.00 0.00 0.00 0.00 II-R-2 50.00 0.00 0.00 0.00 0.00 0.00 II-R-3 50.00 0.00 0.00 0.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 426,237,827.93 ~~421~~414,~~022~~393,~~126~~561.1245 ~~128~~126,~~050~~258.0940 69,~~500~~938,~~514~~194.5683 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 24,~~250~~321,~~346~~912.3175 ~~146~~142,~~909~~587,~~590~~677.3661 0.~~97140584~~94282818 24,~~250~~321,~~346~~912.3175 I-A-2 0.00 0.00 0.00000000 0.00 I-M-1 ~~186~~357,~~028~~277.4782 1211,~~144~~787,~~515~~237.7896 0.~~97140584~~94282818 ~~186~~357,~~028~~277.4782 I-M-2 ~~177~~339,~~026~~988.1334 11,~~556~~216,~~815~~826.2491 0.~~97140584~~94282818 ~~177~~339,~~026~~988.1334 I-M-3 81155,~~021~~605.0432 5,~~289~~133,~~304~~699.7846 0.~~97140584~~94282818 81155,~~021~~605.0432 I-B-1 72138,~~003~~287.8226 4,~~700~~562,~~632~~345.8558 0.~~97140584~~94282818 72138,~~003~~287.8226 I-B-2 69132,~~012~~543.9615 4,~~505~~372,~~380~~837.2712 0.~~97140584~~94282818 69132,~~012~~543.9615 I-B-3 57109,~~004~~480.8899 3,~~721~~611,~~455~~974.7677 0.~~97140584~~94282818 57109,~~004~~480.8899 I-B-4 78149,~~015~~832.3063 54,~~093~~943,~~080~~248.8017 0.~~97140584~~94282818 78149,~~015~~832.3063 I-C 0.00 2,017,245.00 0.99999996 0.00 I-P 0.00 100.00 1.00000000 0.00 I-R-1 0.00 0.00 0.00000000 0.00 I-R-2 0.00 0.00 0.00000000 0.00 II-A-1 23,~~606~~126,~~969~~310.4045 ~~148~~145,~~237~~110,~~090~~779.2884 0.~~97357868~~95304597 23,~~606~~126,~~969~~310.4045 II-A-2 97117,~~767~~243.3179 5,~~559~~441,~~229~~985.6990 0.~~97357868~~95304597 97117,~~767~~243.3179 II-A-3 ~~943~~1,~~121~~094,988.8748 4948,~~475~~380,~~823~~835.7729 0.~~96232977~~94103169 ~~943~~1,~~121~~094,988.8748 II-A-4 0.00 0.00 0.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 II-PO 212,~~231~~953.7976 1,~~161~~148,~~898~~944.2549 0.~~99192581~~98086704 212,~~231~~953.7976 II-B-1 4,~~809~~817.3537 8,~~412~~407,~~439~~622.5316 0.~~99886482~~99829282 4,~~809~~817.3537 II-B-2 1,~~154~~156.0901 2,~~018~~017,~~705~~549.80 0.~~99886482~~99829283 1,~~154~~156.0901 II-B-3 ~~641~~642.2935 1,121,~~725~~082.1984 0.~~99886482~~99829282 ~~641~~642.2935 II-B-4 ~~641~~642.2935 1,121,~~725~~082.1984 0.~~99886482~~99829282 ~~641~~642.2935 II-B-5 ~~448~~449.8459 ~~785~~784,~~107~~658.7516 0.~~99886482~~99829282 ~~448~~449.8459 II-B-6 320.5082 561,~~595~~274.1634 0.~~99886581~~99829519 320.5082 II-R-1 0.00 0.00 0.00000000 0.00 II-R-2 0.00 0.00 0.00000000 0.00 II-R-3 0.00 0.00 0.00000000 0.00 II-P 0.00 100.00 1.00000000 0.00 Totals 610,~~628~~064,~~564~~453.6423 ~~414~~404,~~393~~329,~~561~~108.4524 0.~~97221207~~94859978 610,~~628~~064,~~564~~453.6423

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 151,234,000.00 ~~986~~971.~~28573383~~40583705 0.00000000 1428.~~87989678~~57765284 0.00000000 I-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 12,502,000.00 ~~986~~971.~~28573348~~40583747 0.00000000 1428.~~87989682~~57765318 0.00000000 I-M-2 11,897,000.00 ~~986~~971.~~28573422~~40583677 0.00000000 1428.~~87989661~~57765319 0.00000000 I-M-3 5,445,000.00 ~~986~~971.~~28573370~~40583655 0.00000000 1428.~~87989715~~57765289 0.00000000 I-B-1 4,839,000.00 ~~986~~971.~~28573466~~40583798 0.00000000 1428.~~87989667~~57765241 0.00000000 I-B-2 4,638,000.00 ~~986~~971.~~28573307~~40583657 0.00000000 1428.~~87989651~~57765201 0.00000000 I-B-3 3,831,000.00 ~~986~~971.~~28573480~~40583660 0.00000000 1428.~~87989559~~57765335 0.00000000 I-B-4 5,243,000.00 ~~986~~971.~~28573336~~40583635 0.00000000 1428.~~87989701~~57765211 0.00000000 I-C 2,017,245.09 999.99995538 0.00000000 0.00000000 0.00000000 I-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 152,260,000.00 ~~990~~973.~~70051025~~57868304 0.~~61723611~~60740897 1619.~~50459109~~92530120 0.00000000 II-A-2 5,710,098.00 ~~990~~973.~~70050987~~57868289 0.~~61723634~~60740814 1619.~~50459064~~92530076 0.00000000 II-A-3 51,412,546.00 ~~980~~962.~~67397090~~32977394 0.~~40469383~~39961938 1720.~~93950313~~89846008 0.00000000 II-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-PO 1,171,356.00 ~~993~~991.~~83111539~~92581077 1.~~47140579~~47863673 09.~~43389883~~58013618 0.00000000 II-B-1 8,422,000.00 ~~999~~998.~~43586796~~86482190 0.~~57104607~~57199834 0.00000000 0.00000000 II-B-2 2,021,000.00 ~~999~~998.~~43586838~~86481940 0.~~57104899~~57199901 0.00000000 0.00000000 II-B-3 1,123,000.00 ~~999~~998.~~43586821~~86481745 0.~~57105076~~57199466 0.00000000 0.00000000 II-B-4 1,123,000.00 ~~999~~998.~~43586821~~86481745 0.~~57105076~~57199466 0.00000000 0.00000000 II-B-5 786,000.00 ~~999~~998.~~43586514~~86482188 0.~~57104326~~57199746 0.00000000 0.00000000 II-B-6 562,232.84 ~~999~~998.~~43587429~~86580798 0.~~57004852~~57061768 0.00000000 0.00000000 II-R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 1428.~~87989678~~57765284 ~~971~~942.~~40583705~~82818420 0.~~97140584~~94282818 1428.~~87989678~~57765284 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 0.00000000 1428.~~87989682~~57765318 ~~971~~942.~~40583747~~82818429 0.~~97140584~~94282818 1428.~~87989682~~57765318 I-M-2 0.00000000 1428.~~87989661~~57765319 ~~971~~942.~~40583677~~82818442 0.~~97140584~~94282818 1428.~~87989661~~57765319 I-M-3 0.00000000 1428.~~87989715~~57765289 ~~971~~942.~~40583655~~82818365 0.~~97140584~~94282818 1428.~~87989715~~57765289 I-B-1 0.00000000 1428.~~87989667~~57765241 ~~971~~942.~~40583798~~82818351 0.~~97140584~~94282818 1428.~~87989667~~57765241 I-B-2 0.00000000 1428.~~87989651~~57765201 ~~971~~942.~~40583657~~82818456 0.~~97140584~~94282818 1428.~~87989651~~57765201 I-B-3 0.00000000 1428.~~87989559~~57765335 ~~971~~942.~~40583660~~82818324 0.~~97140584~~94282818 1428.~~87989559~~57765335 I-B-4 0.00000000 1428.~~87989701~~57765211 ~~971~~942.~~40583635~~82818425 0.~~97140584~~94282818 1428.~~87989701~~57765211 I-C 0.00000000 0.00000000 999.99995538 0.99999996 0.00000000 I-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 1720.~~12182714~~53271017 ~~973~~953.~~57868304~~04597294 0.~~97357868~~95304597 1720.~~12182714~~53271017 II-A-2 0.00000000 1720.~~12182698~~53271065 ~~973~~953.~~57868289~~04597224 0.~~97357868~~95304597 1720.~~12182698~~53271065 II-A-3 0.00000000 1821.~~34419696~~29807927 ~~962~~941.~~32977394~~03169468 0.~~96232977~~94103169 1821.~~34419696~~29807927 II-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-PO 0.00000000 111.~~90530462~~05877291 ~~991~~980.~~92581077~~86703786 0.~~99192581~~98086704 111.~~90530462~~05877291 II-B-1 0.00000000 0.~~57104607~~57199834 998.~~86482190~~29282356 0.~~99886482~~99829282 0.~~57104607~~57199834 II-B-2 0.00000000 0.~~57104899~~57199901 998.~~86481940~~29282533 0.~~99886482~~99829283 0.~~57104899~~57199901 II-B-3 0.00000000 0.~~57105076~~57199466 998.~~86481745~~29282280 0.~~99886482~~99829282 0.~~57105076~~57199466 II-B-4 0.00000000 0.~~57105076~~57199466 998.~~86481745~~29282280 0.~~99886482~~99829282 0.~~57105076~~57199466 II-B-5 0.00000000 0.~~57104326~~57199746 998.~~86482188~~29282443 0.~~99886482~~99829282 0.~~57104326~~57199746 II-B-6 0.00000000 0.~~57004852~~57061768 998.~~86580798~~29519030 0.~~99886581~~99829519 0.~~57004852~~57061768 II-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 151,234,000.00 3.~~81438~~96000% ~~149~~146,~~159~~909,~~936~~590.6736 ~~474~~484,~~127~~801.2365 0.00 0.00 I-A-2 0.00 1.~~68562~~54000% ~~149~~146,~~159~~909,~~936~~590.6736 ~~209~~188,~~522~~533.4897 0.00 0.00 I-M-1 12,502,000.00 3.~~76438~~91000% 12,~~330~~144,~~544~~515.2478 3840,~~680~~889.7191 0.00 0.00 I-M-2 11,897,000.00 34.~~96438~~11000% 11,~~733~~556,~~841~~815.3824 3840,~~764~~901.5150 0.00 0.00 I-M-3 5,445,000.00 4.~~01438~~16000% 5,~~370~~289,~~325~~304.8278 1718,~~965~~947.4447 0.00 0.00 I-B-1 4,839,000.00 4.~~51438~~66000% 4,~~772~~700,~~636~~632.6785 1718,~~954~~862.5860 0.00 0.00 I-B-2 4,638,000.00 4.~~66438~~81000% 4,~~574~~505,~~393~~380.2327 1718,~~780~~661.5903 0.00 0.00 I-B-3 3,831,000.00 5.~~01438~~16000% 3,~~778~~721,~~460~~455.6576 1516,~~788~~535.8667 0.00 0.00 I-B-4 5,243,000.00 6.~~31438~~46000% 5,~~171~~093,~~096~~080.1080 2728,~~210~~331.2268 0.00 0.00 I-C 2,017,245.09 0.00000% 2,017,245.00 0.00 0.00 0.00 I-P 100.00 0.00000% 100.00 0.00 0.00 0.00 I-R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 II-A-1 152,260,000.00 5.25000% ~~150~~148,~~844~~237,~~059~~090.6928 ~~659~~648,~~942~~537.7627 0.00 0.00 II-A-2 5,710,098.00 5.25000% 5,~~656~~559,~~997~~229.0069 24,~~749~~321.3663 0.00 0.00 II-A-3 51,412,546.00 3.~~66438~~81000% 5049,~~418~~475,~~945~~823.6477 ~~153~~157,~~961~~085.8174 0.00 0.00 II-A-4 0.00 3.~~83562~~69000% 5049,~~418~~475,~~945~~823.6477 ~~161~~152,~~156~~138.6016 0.00 0.00 II-X 0.00 0.~~02485~~02629% ~~376~~373,~~260~~460.1655 78.7918 0.00 0.00 II-PO 1,171,356.00 0.00000% 1,~~164~~161,~~130~~898.0425 0.00 0.00 0.00 II-B-1 8,422,000.00 5.~~80256~~80265% 8,~~417~~412,~~248~~439.8853 40,~~701~~678.3369 0.00 0.00 II-B-2 2,021,000.00 5.~~80256~~80265% 2,~~019~~018,~~859~~705.8980 9,~~766~~761.9753 0.00 0.00 II-B-3 1,123,000.00 5.~~80256~~80265% 1,~~122~~121,~~366~~725.4819 5,~~427~~424.1715 0.00 0.00 II-B-4 1,123,000.00 5.~~80256~~80265% 1,~~122~~121,~~366~~725.4819 5,~~427~~424.1715 0.00 0.00 II-B-5 786,000.00 5.~~80256~~80265% 785,~~556~~107.5975 3,~~798~~796.5342 0.00 0.00 II-B-6 562,232.84 5.~~80256~~80265% 561,~~915~~595.6716 2,~~717~~715.1362 0.00 0.00 II-R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 II-R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 II-R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 II-P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 426,237,827.93 1,~~925~~906,~~451~~357.2402 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 ~~474~~484,~~127~~801.2365 0.00 ~~146~~142,~~909~~587,~~590~~677.3661 I-A-2 0.00 0.00 ~~209~~188,~~522~~533.4897 0.00 ~~146~~142,~~909~~587,~~590~~677.3661 I-M-1 0.00 0.00 3840,~~680~~889.7191 0.00 1211,~~144~~787,~~515~~237.7896 I-M-2 0.00 0.00 3840,~~764~~901.5150 0.00 11,~~556~~216,~~815~~826.2491 I-M-3 0.00 0.00 1718,~~965~~947.4447 0.00 5,~~289~~133,~~304~~699.7846 I-B-1 0.00 0.00 1718,~~954~~862.5860 0.00 4,~~700~~562,~~632~~345.8558 I-B-2 0.00 0.00 1718,~~780~~661.5903 0.00 4,~~505~~372,~~380~~837.2712 I-B-3 0.00 0.00 1516,~~788~~535.8667 0.00 3,~~721~~611,~~455~~974.7677 I-B-4 0.00 0.00 2728,~~210~~331.2268 0.00 54,~~093~~943,~~080~~248.8017 I-C 0.00 0.00 ~~188~~173,~~146~~375.1808 0.00 2,017,245.00 I-P 0.00 0.00 516,~~693~~034.4844 0.00 100.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 ~~659~~648,~~942~~537.7627 0.00 ~~148~~145,~~237~~110,~~090~~779.2884 II-A-2 0.00 0.00 24,~~749~~321.3663 0.00 5,~~559~~441,~~229~~985.6990 II-A-3 0.00 0.00 ~~153~~157,~~961~~085.8174 0.00 4948,~~475~~380,~~823~~835.7729 II-A-4 0.00 0.00 ~~161~~152,~~156~~138.6016 0.00 4948,~~475~~380,~~823~~835.7729 II-X 0.00 0.00 78.7918 0.00 ~~373~~352,~~460~~896.5564 II-PO 0.00 0.00 0.00 0.00 1,~~161~~148,~~898~~944.2549 II-B-1 0.00 0.00 40,~~701~~678.3369 0.00 8,~~412~~407,~~439~~622.5316 II-B-2 0.00 0.00 9,~~766~~761.9753 0.00 2,~~018~~017,~~705~~549.80 II-B-3 0.00 0.00 5,~~427~~424.1715 0.00 1,121,~~725~~082.1984 II-B-4 0.00 0.00 5,~~427~~424.1715 0.00 1,121,~~725~~082.1984 II-B-5 0.00 0.00 3,~~798~~796.5342 0.00 ~~785~~784,~~107~~658.7516 II-B-6 0.00 0.00 2,~~717~~715.1362 0.00 561,~~595~~274.1634 II-R-1 0.00 0.00 0.00 0.00 0.00 II-R-2 0.00 0.00 0.00 0.00 0.00 II-R-3 0.00 0.00 0.00 0.00 0.00 II-P 0.00 0.00 76,~~595~~006.5400 0.00 100.00 Totals 0.00 0.00 2,~~126~~101,~~886~~772.4454 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 151,234,000.00 3.~~81438~~96000% ~~986~~971.~~28573383~~40583705 3.~~13505713~~20563927 0.00000000 0.00000000 I-A-2 0.00 1.~~68562~~54000% ~~986~~971.~~28573383~~40583705 1.~~38541915~~24663746 0.00000000 0.00000000 I-M-1 12,502,000.00 3.~~76438~~91000% ~~986~~971.~~28573348~~40583747 3.~~09396177~~27066949 0.00000000 0.00000000 I-M-2 11,897,000.00 34.~~96438~~11000% ~~986~~971.~~28573422~~40583677 3.~~25834328~~43796755 0.00000000 0.00000000 I-M-3 5,445,000.00 4.~~01438~~16000% ~~986~~971.~~28573370~~40583655 3.~~29943802~~47979247 0.00000000 0.00000000 I-B-1 4,839,000.00 4.~~51438~~66000% ~~986~~971.~~28573466~~40583798 3.~~71039058~~89803678 0.00000000 0.00000000 I-B-2 4,638,000.00 4.~~66438~~81000% ~~986~~971.~~28573307~~40583657 34.~~83367615~~02350798 0.00000000 0.00000000 I-B-3 3,831,000.00 5.~~01438~~16000% ~~986~~971.~~28573480~~40583660 4.~~12134169~~31628034 0.00000000 0.00000000 I-B-4 5,243,000.00 6.~~31438~~46000% ~~986~~971.~~28573336~~40583635 5.~~18981881~~40371543 0.00000000 0.00000000 I-C 2,017,245.09 0.00000% 999.99995538 0.00000000 0.00000000 0.00000000 I-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 152,260,000.00 5.25000% ~~990~~973.~~70051025~~57868304 4.~~33431472~~25940674 0.00000000 0.00000000 II-A-2 5,710,098.00 5.25000% ~~990~~973.~~70050987~~57868289 4.~~33431440~~25940676 0.00000000 0.00000000 II-A-3 51,412,546.00 3.~~66438~~81000% ~~980~~962.~~67397090~~32977394 23.~~99463501~~05539702 0.00000000 0.00000000 II-A-4 0.00 3.~~83562~~69000% ~~980~~962.~~67397090~~32977394 32.~~13457731~~95916409 0.00000000 0.00000000 II-X 0.00 0.~~02485~~02629% ~~5068~~5030.~~70567949~~99135144 0.~~10494127~~11019506 0.00000000 0.00000000 II-PO 1,171,356.00 0.00000% ~~993~~991.~~83111539~~92581077 0.00000000 0.00000000 0.00000000 II-B-1 8,422,000.00 5.~~80256~~80265% ~~999~~998.~~43586796~~86482190 4.~~83273925~~83005106 0.00000000 0.00000000 II-B-2 2,021,000.00 5.~~80256~~80265% ~~999~~998.~~43586838~~86481940 4.~~83274122~~83004948 0.00000000 0.00000000 II-B-3 1,123,000.00 5.~~80256~~80265% ~~999~~998.~~43586821~~86481745 4.~~83274265~~83005343 0.00000000 0.00000000 II-B-4 1,123,000.00 5.~~80256~~80265% ~~999~~998.~~43586821~~86481745 4.~~83274265~~83005343 0.00000000 0.00000000 II-B-5 786,000.00 5.~~80256~~80265% ~~999~~998.~~43586514~~86482188 4.~~83273537~~83005089 0.00000000 0.00000000 II-B-6 562,232.84 5.~~80256~~80265% ~~999~~998.~~43587429~~86580798 4.~~83274865~~83006293 0.00000000 0.00000000 II-R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 3.~~13505713~~20563927 0.00000000 ~~971~~942.~~40583705~~82818420 I-A-2 0.00000000 0.00000000 1.~~38541915~~24663746 0.00000000 ~~971~~942.~~40583705~~82818420 I-M-1 0.00000000 0.00000000 3.~~09396177~~27066949 0.00000000 ~~971~~942.~~40583747~~82818429 I-M-2 0.00000000 0.00000000 3.~~25834328~~43796755 0.00000000 ~~971~~942.~~40583677~~82818442 I-M-3 0.00000000 0.00000000 3.~~29943802~~47979247 0.00000000 ~~971~~942.~~40583655~~82818365 I-B-1 0.00000000 0.00000000 3.~~71039058~~89803678 0.00000000 ~~971~~942.~~40583798~~82818351 I-B-2 0.00000000 0.00000000 34.~~83367615~~02350798 0.00000000 ~~971~~942.~~40583657~~82818456 I-B-3 0.00000000 0.00000000 4.~~12134169~~31628034 0.00000000 ~~971~~942.~~40583660~~82818324 I-B-4 0.00000000 0.00000000 5.~~18981881~~40371543 0.00000000 ~~971~~942.~~40583635~~82818425 I-C 0.00000000 0.00000000 9385.~~26887493~~94646276 0.00000000 999.99995538 I-P 0.00000000 0.00000000 ~~56934~~160344.~~80000000~~40000000 0.00000000 1000.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 4.~~33431472~~25940674 0.00000000 ~~973~~953.~~57868304~~04597294 II-A-2 0.00000000 0.00000000 4.~~33431440~~25940676 0.00000000 ~~973~~953.~~57868289~~04597224 II-A-3 0.00000000 0.00000000 23.~~99463501~~05539702 0.00000000 ~~962~~941.~~32977394~~03169468 II-A-4 0.00000000 0.00000000 32.~~13457731~~95916409 0.00000000 ~~962~~941.~~32977394~~03169468 II-X 0.00000000 0.00000000 0.~~10494127~~11019506 0.00000000 ~~5030~~4753.~~99135144~~96917771 II-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~991~~980.~~92581077~~86703786 II-B-1 0.00000000 0.00000000 4.~~83273925~~83005106 0.00000000 998.~~86482190~~29282356 II-B-2 0.00000000 0.00000000 4.~~83274122~~83004948 0.00000000 998.~~86481940~~29282533 II-B-3 0.00000000 0.00000000 4.~~83274265~~83005343 0.00000000 998.~~86481745~~29282280 II-B-4 0.00000000 0.00000000 4.~~83274265~~83005343 0.00000000 998.~~86481745~~29282280 II-B-5 0.00000000 0.00000000 4.~~83273537~~83005089 0.00000000 998.~~86482188~~29282443 II-B-6 0.00000000 0.00000000 4.~~83274865~~83006293 0.00000000 998.~~86580798~~29519030 II-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-P 0.00000000 0.00000000 ~~75955~~60060.~~40000000~~00000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 812,~~884~~216,~~192~~442.6201 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4988,~~900~~277.1262 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 812,~~934~~304,~~092~~719.7463 Withdrawals Reimbursement for Servicer Advances 8849,~~666~~900.8612 Payment of Service Fee 8988,~~974~~593.8074 Payment of Interest and Principal 812,~~755~~166,~~451~~225.0877 Total Withdrawals (Pool Distribution Amount) 812,~~934~~304,~~092~~719.7463 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8786,~~712~~331.9095 Miscellaneous Fee 2,261.9079 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8988,~~974~~593.8074

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Net Wac Reserve Fund 5,000.00 181,562.5270 181,562.5270 5,000.00 Class I-P Certificate Account 100.00 0.00 0.00 100.00 Class II-P Certificate Account 100.00 0.00 0.00 100.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2454 0 0 0 2454 512,~~924~~267,~~772~~315.2743 0.00 0.00 0.00 512,~~924~~267,~~772~~315.2743 60 Days 46 0 0 0 46 1,~~912~~754,~~150~~416.0015 0.00 0.00 0.00 1,~~912~~754,~~150~~416.0015 90 Days 24 0 0 0 24 ~~484~~1,~~650~~292,603.0042 0.00 0.00 0.00 ~~484~~1,~~650~~292,603.0042 120 Days 01 0 0 0 01 0148,949.0039 0.00 0.00 0.00 0148,949.0039 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 3065 0 0 0 3065 815,~~321~~463,~~572~~284.2739 0.00 0.00 0.00 815,~~321~~463,~~572~~284.2739 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~303639~~993348% 0.000000% 0.000000% 0.000000% 12.~~303639~~993348% 13.~~429249~~032951% 0.000000% 0.000000% 0.000000% 13.~~429249~~032951% 60 Days 0.~~217273~~332594% 0.000000% 0.000000% 0.000000% 0.~~217273~~332594% 0.~~461273~~433759% 0.000000% 0.000000% 0.000000% 0.~~461273~~433759% 90 Days 0.~~108637~~221729% 0.000000% 0.000000% 0.000000% 0.~~108637~~221729% 0.~~116913~~319581% 0.000000% 0.000000% 0.000000% 0.~~116913~~319581% 120 Days 0.~~000000~~055432% 0.000000% 0.000000% 0.000000% 0.~~000000~~055432% 0.~~000000~~036826% 0.000000% 0.000000% 0.000000% 0.~~000000~~036826% 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 13.~~629549~~603104% 0.000000% 0.000000% 0.000000% 13.~~629549~~603104% 23.~~007436~~823117% 0.000000% 0.000000% 0.000000% 23.~~007436~~823117%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1637 0 0 0 1637 37,~~941~~988,~~826~~710.6844 0.00 0.00 0.00 37,~~941~~988,~~826~~710.6844 60 Days 4 0 0 0 4 1,~~912~~222,~~150~~457.0072 0.00 0.00 0.00 1,~~912~~222,~~150~~457.0072 90 Days 13 0 0 0 13 ~~162~~970,~~250~~203.0042 0.00 0.00 0.00 ~~162~~970,~~250~~203.0042 120 Days 01 0 0 0 01 0148,949.0039 0.00 0.00 0.00 0148,949.0039 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 2145 0 0 0 2145 610,~~016~~330,~~226~~320.6897 0.00 0.00 0.00 610,~~016~~330,~~226~~320.6897 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~764057~~176072% 0.000000% 0.000000% 0.000000% 14.~~764057~~176072% 24.~~011341~~198561% 0.000000% 0.000000% 0.000000% 24.~~011341~~198561% 60 Days 0.~~441014~~451467% 0.000000% 0.000000% 0.000000% 0.~~441014~~451467% 0.~~975686~~642477% 0.000000% 0.000000% 0.000000% 0.~~975686~~642477% 90 Days 0.~~110254~~338600% 0.000000% 0.000000% 0.000000% 0.~~110254~~338600% 0.~~082789~~509902% 0.000000% 0.000000% 0.000000% 0.~~082789~~509902% 120 Days 0.~~000000~~112867% 0.000000% 0.000000% 0.000000% 0.~~000000~~112867% 0.~~000000~~078282% 0.000000% 0.000000% 0.000000% 0.~~000000~~078282% 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 25.~~315325~~079007% 0.000000% 0.000000% 0.000000% 25.~~315325~~079007% 35.~~069816~~429222% 0.000000% 0.000000% 0.000000% 35.~~069816~~429222% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 817 0 0 0 817 14,~~982~~278,~~945~~604.5999 0.00 0.00 0.00 14,~~982~~278,~~945~~604.5999 60 Days 02 0 0 0 02 0531,958.0043 0.00 0.00 0.00 0531,958.0043 90 Days 1 0 0 0 1 322,400.00 0.00 0.00 0.00 322,400.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 920 0 0 0 920 25,~~305~~132,~~345~~963.5942 0.00 0.00 0.00 25,~~305~~132,~~345~~963.5942 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~856531~~851852% 0.000000% 0.000000% 0.000000% 01.~~856531~~851852% 01.~~907288~~997524% 0.000000% 0.000000% 0.000000% 01.~~907288~~997524% 60 Days 0.~~000000~~217865% 0.000000% 0.000000% 0.000000% 0.~~000000~~217865% 0.~~000000~~248352% 0.000000% 0.000000% 0.000000% 0.~~000000~~248352% 90 Days 0.~~107066~~108932% 0.000000% 0.000000% 0.000000% 0.~~107066~~108932% 0.~~147513~~150517% 0.000000% 0.000000% 0.000000% 0.~~147513~~150517% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~963597~~178649% 0.000000% 0.000000% 0.000000% 02.~~963597~~178649% 12.~~054801~~396393% 0.000000% 0.000000% 0.000000% 12.~~054801~~396393%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4988,~~900~~277.1262

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. Group 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. Group 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. Group 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. Group 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 Fixed Weighted Average Gross Coupon 6.~~280558~~278954% Weighted Average Net Coupon 6.~~030558~~028954% Weighted Average Pass-Through Rate 6.~~024111~~022404% Weighted Average Maturity(Stepdown Calculation) ~~260~~259 Beginning Scheduled Collateral Loan Count 1,~~867~~841 Number Of Loans Paid In Full 2637 Ending Scheduled Collateral Loan Count 1,~~841~~804 Beginning Scheduled Collateral Balance ~~421~~414,~~021~~393,~~926~~361.6545 Ending Scheduled Collateral Balance ~~414~~404,~~393~~328,~~361~~907.4543 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~414~~404,~~537~~467,~~455~~939.8680 Monthly P&I Constant 2,~~379~~342,~~812~~321.2689 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~176~~174,~~268~~024.3152 Unscheduled Principal 69,~~452~~890,~~296~~429.8950

Miscellaneous Reporting 3 Month Rolling Average Delinquency 0.~~006943~~008870% Group I Extra Prin Distribution ~~188~~174,~~164~~937.7078 Overcollateralization Amount 2,017,~~245~~244.00100 Yield Maintenance 0.00

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Fixed 15 Year Mixed Fixed Weighted Average Coupon Rate 6.~~573728~~570992 6.~~018017~~017018 6.~~280558~~278954 Weighted Average Net Rate 6.~~323728~~320992 5.~~768017~~767018 6.~~030558~~028954 Weighted Average Maturity ~~356~~355 ~~175~~174 ~~260~~259 Beginning Loan Count ~~922~~907 ~~945~~934 1,~~867~~841 Loans Paid In Full 1521 1116 2637 Ending Loan Count ~~907~~886 ~~934~~918 1,~~841~~804 Beginning Scheduled Balance ~~198~~195,~~908~~938,~~479~~020.7685 ~~222~~218,~~113~~455,~~446~~340.8960 ~~421~~414,~~021~~393,~~926~~361.6545 Ending Scheduled Balance ~~195~~190,~~938~~233,~~020~~092.8559 ~~218~~214,~~455~~095,~~340~~814.6084 ~~414~~404,~~393~~328,~~361~~907.4543 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 1,~~137~~120,~~859~~688.5500 1,~~241~~221,~~952~~633.7189 2,~~379~~342,~~812~~321.2689 Scheduled Principal 4847,~~217~~765.6733 ~~128~~126,~~050~~259.6419 ~~176~~174,~~268~~024.3152 Unscheduled Principal 25,~~922~~657,~~241~~162.2493 34,~~530~~233,~~055~~266.6557 69,~~452~~890,~~296~~429.8950 Scheduled Interest 1,~~089~~072,~~641~~922.8867 1,~~113~~095,~~902~~374.0770 2,~~203~~168,~~543~~297.9537 Servicing Fees 4140,~~439~~820.2742 4645,~~273~~511.6353 8786,~~712~~331.9095 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 2,261.9079 0.00 2,261.9079 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,~~045~~029,~~940~~840.7146 1,~~067~~049,~~628~~863.4417 2,~~113~~079,~~569~~703.1563 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 6.~~310082~~307140 5.~~768017~~767018 6.~~024111~~022404

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 1 1521 25,~~766~~491,~~270~~066.00 25,~~763~~486,~~597~~145.6395 0 0.00 0.00 Group 2 1116 34,~~495~~157,~~270~~132.00 34,~~479~~155,~~676~~547.7989 0 0.00 0.00 Total 2637 69,~~261~~648,~~540~~198.00 69,~~243~~641,~~274~~693.4284 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 1 0 0.00 0.00 0 0.00 0.00 ~~159~~171,~~384~~817.8377 Group 2 0 0.00 0.00 0 0.00 0.00 5277,~~836~~718.7568 Total 0 0.00 0.00 0 0.00 0.00 ~~212~~249,~~221~~536.5845

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 ~~0002236941~~0000070778 AZPA 80.00 01-~~Apr~~Mar-2005 ~~141~~228,~~760~~000.00 ~~141~~228,~~760~~000.00 Group 1 ~~0002286793~~0000145451 COMA 7670.5500 01-~~May~~Mar-2005 ~~298~~346,~~560~~500.00 ~~298~~345,~~204~~372.3138 Group 1 ~~0002314647~~0000145541 VACT 80.00 01-~~Apr~~Mar-2005 ~~261~~124,~~600~~000.00 ~~261~~123,~~500~~575.0010 Group 1 ~~0002336661~~0002198329 FLKY 80.00 01-Jun-2005 184,000.00 184,000.00 Group 1 0002284382 CA 95.00 01-May-2005 ~~100~~304,~~800~~000.00 ~~100~~303,~~800~~995.57 Group 1 0002286636 CA 79.86 01-May-2005 359,376.00 359,376.00 Group 1 ~~0002343059~~0002341196 AZCA 80.00 01-Mar-2005 204,000.00 202,851.14 Group 1 0002342725 CA 69.33 01-Apr-2005 ~~125~~936,~~600~~000.00 ~~125~~936,~~600~~000.00 Group 1 ~~0002345718~~0002343636 CA 7572.76 01-May-2005 187,000.00 187,000.00 Group 1 0002344785 MD 79.59 01-May-2005 ~~337~~159,~~500~~200.00 ~~336~~158,~~601~~852.7553 Group 1 ~~0002355911~~0002355140 VA 80.00 01-~~Jun~~May-2005 ~~236~~308,000.00 ~~236~~307,~~000~~900.00 Group 1 ~~0002356199~~0002356362 AZKY 80.00 01-Jun-2005 ~~255~~249,~~200~~600.00 ~~255~~249,~~200~~400.00 Group 1 ~~0007251887~~0010099919 FLAZ 9480.9800 01-~~Mar~~Jul-2005 ~~229~~264,~~900~~000.00 ~~228~~264,~~716~~000.4700 Group 1 ~~0012150955~~0012154026 FLTN 100.00 01-~~May~~Apr-2005 ~~107~~98,000.00 ~~107~~97,~~000~~613.12 Group 1 0021029717 CA 80.00 01-Mar-2005 204,720.00 204,720.00 Group 1 ~~0090407147~~0046003470 AZCA 9480.9800 01-~~Apr~~May-2005 ~~213~~453,~~550~~600.00 ~~212~~453,~~956~~600.3200 Group 1 ~~0132028295~~0078882479 FL 7662.1900 01-~~Apr~~Dec-~~2005~~2004 ~~200~~155,000.00 ~~200~~153,~~000~~800.80 Group 1 0090502228 AZ 90.00 01-May-2005 48,150.00 48,150.00 Group 1 ~~0132312763~~0132311460 OHMI 100.00 01-~~May~~Apr-2005 6174,~~800~~000.00 6173,~~647~~742.1302 Group 1 ~~1110111293~~0412240002 FLNJ 80.00 01-~~Apr~~Mar-2005 64500,000.00 64500,000.00 Group 1 ~~5735006216~~1036004220 TXNJ 9580.00 01-~~Apr~~Feb-2005 ~~133~~103,920.00 103,396.50 Group 2 0002282106 CO 80.00 01-Dec-2004 292,000.00 ~~132~~291,~~870~~659.4358 Group 2 ~~0002329561~~0002329076 CA 5780.7900 01-Jan-2005 ~~393~~264,000.00 ~~393~~263,961.52 Group 2 0002329946 MD 53.56 01-Dec-2004 150,000.00 149,999.98 Group 2 ~~0002329948~~0002332666 MD 80.00 01-~~Jan~~Dec-~~2005~~2004 ~~196~~344,000.00 ~~196~~344,000.00 Group 2 ~~0002333830~~0002332836 VACA 7943.9843 01-~~Jan~~Feb-2005 ~~165~~328,~~650~~000.00 ~~165~~326,~~650~~846.0090 Group 2 ~~0002334321~~0002333854 CAFL 6490.00 01-~~Jan~~Dec-~~2005~~2004 ~~640~~193,~~000~~500.00 ~~633~~193,~~959~~449.3761 Group 2 ~~0002334609~~0002336004 MDCA 77.7338 01-~~Jan~~Mar-2005 ~~482~~527,000.00 ~~482~~527,000.00 Group 2 ~~0002339507~~0002337346 CA 7080.00 01-Feb-2005 ~~308~~564,000.00 ~~308~~564,000.00 Group 2 ~~0002343744~~0002337609 CAFL 7580.00 01-~~Apr~~Feb-2005 ~~288~~127,~~750~~892.00 ~~288~~127,~~750~~891.0097 Group 2 ~~0002346972~~0002338915 AZFL 80.00 01-~~Jun~~Feb-2005 ~~138~~181,~~400~~240.00 ~~138~~181,~~400~~240.00 Group 2 ~~0002356988~~0002339352 MD 6580.00 01-~~May~~Feb-2005 ~~432~~308,~~270~~000.00 ~~427~~308,~~788~~000.5000 Group 2 ~~0023110088~~0002341794 FLCA 7060.13 01-Apr-2005 333,700.00 333,700.00 Group 2 0002341881 FL 69.55 01-Apr-2005 ~~190~~96,~~400~~000.00 ~~190~~96,~~400~~000.00 Group 2 ~~0090046012~~0002343243 MNCA 53.86 01-Apr-2005 156,200.00 156,198.33 Group 2 0002347117 OR 80.00 01-~~Dec~~May-~~2004~~2005 ~~260~~120,~~800~~000.00 ~~253~~120,~~271~~000.0300 Group 2 0023100164 FL 78.00 01-Mar-2005 171,600.00 171,600.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 ~~0002236941~~0000070778 Loan Paid in Full 0 6.~~750~~875% 360 35 Group 1 ~~0002286793~~0000145451 Loan Paid in Full 0 9.125% 360 5 Group 1 0000145541 Loan Paid in Full 1 8.875% 360 5 Group 1 0002198329 Loan Paid in Full 0 6.~~500~~875% 360 2 Group 1 ~~0002314647~~0002284382 Loan Paid in Full 0 67.500% 360 3 Group 1 ~~0002336661~~0002286636 Loan Paid in Full 0 76.~~875~~250% 360 23 Group 1 ~~0002343059~~0002341196 Loan Paid in Full 1 6.375% 360 5 Group 1 0002342725 Loan Paid in Full 0 6.~~625~~375% 360 34 Group 1 ~~0002345718~~0002343636 Loan Paid in Full 0 6.~~625~~375% 360 23 Group 1 ~~0002355911~~0002344785 Loan Paid in Full 0 76.~~000~~750% 360 3 Group 1 0002355140 Loan Paid in Full (1) 6.500% 360 3 Group 1 ~~0002356199~~0002356362 Loan Paid in Full 0 6.~~250~~375% 360 2 Group 1 0010099919 Loan Paid in Full (1) 6.250% 360 2 Group 1 ~~0007251887~~0012154026 Loan Paid in Full 0 57.~~875~~250% 360 4 Group 1 ~~0012150955~~0021029717 Loan Paid in Full 0 7.~~375~~125% 360 25 Group 1 ~~0090407147~~0046003470 Loan Paid in Full 0 76.875% 360 3 Group 1 ~~0132028295~~0078882479 Loan Paid in Full 10 76.~~000~~875% 360 38 Group 1 ~~0132312763~~0090502228 Loan Paid in Full (1) 7.~~000~~500% 360 23 Group 1 ~~1110111293~~0132311460 Loan Paid in Full 0 7.~~500~~875% 360 34 Group 1 ~~5735006216~~0412240002 Loan Paid in Full 0 67.~~875~~625% 360 35 Group 21 ~~0002329561~~1036004220 Loan Paid in Full 0 7.750% 360 6 Group 2 0002282106 Loan Paid in Full 0 5.375% 180 68 Group 2 ~~0002329948~~0002329076 Loan Paid in Full 0 6.~~500~~625% 180 7 Group 2 0002329946 Loan Paid in Full 0 5.750% 180 8 Group 2 0002332666 Loan Paid in Full 0 6.375% 180 8 Group 2 ~~0002333830~~0002332836 Loan Paid in Full 0 6.~~000~~250% 180 6 Group 2 ~~0002334321~~0002333854 Loan Paid in Full 0(1) 6.~~000~~250% 180 8 Group 2 0002336004 Loan Paid in Full (1) 6.000% 180 5 Group 2 ~~0002334609~~0002337346 Loan Paid in Full 0 6.~~125~~250% 180 6 Group 2 ~~0002339507~~0002337609 Loan Paid in Full 0 6.~~375~~000% 180 6 Group 2 0002338915 Loan Paid in Full (1) 5.750% 180 6 Group 2 ~~0002343744~~0002339352 Loan Paid in Full 0 6.000% 180 6 Group 2 0002341794 Loan Paid in Full 0 5.500% 180 34 Group 2 ~~0002346972~~0002341881 Loan Paid in Full 0 5.750% 180 14 Group 2 ~~0002356988~~0002343243 Loan Paid in Full ~~(1)~~0 65.~~000~~375% 180 24 Group 2 ~~0023110088~~0002347117 Loan Paid in Full 0(1) 6.~~875~~250% 180 3 Group 2 ~~0090046012~~0023100164 Loan Paid in Full 0 57.~~625~~000% 180 75

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 12.~~533~~388% Current Month 1625.~~923~~174% Current Month 2,~~470~~849.~~227~~638% 3 Month Average 01.~~000~~701% 3 Month Average 018.~~000~~468% 3 Month Average 02,685.~~000~~572% 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 13.307% N/A Jun-2005 2,736.849% N/A Jul-2005 16.923% N/A Jul-2005 2,470.227% N/A Aug-2005 25.174% N/A Aug-2005 2,849.638% 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 1 SMM CPR PSA Current Month 12.~~469~~888% Current Month 1629.~~276~~648% Current Month 34,~~165~~160.~~108~~316% 3 Month Average 01.~~000~~897% 3 Month Average 020.~~000~~270% 3 Month Average 04,023.~~000~~079% 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 14.887% N/A Jun-2005 4,743.813% N/A Jul-2005 16.276% N/A Jul-2005 3,165.108% N/A Aug-2005 29.648% N/A Aug-2005 4,160.316% 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 2 SMM CPR PSA Current Month 1.~~590~~939% Current Month 1720.~~499~~940% Current Month 2,~~087~~022.~~366~~854% 3 Month Average 01.~~000~~525% 3 Month Average 016.~~000~~768% 3 Month Average 01,987.~~000~~458% 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 11.865% N/A Jun-2005 1,852.156% N/A Jul-2005 17.499% N/A Jul-2005 2,087.366% N/A Aug-2005 20.940% N/A Aug-2005 2,022.854% 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 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 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 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 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 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 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 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 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A 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 · Bear Stearns Asset Backed Securities I Trust 2005-AC3