8-K 1 imp05001_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 IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-117991-03 Pooling and Servicing Agreement) (Commission 54-2176762 (State or other File Number) 54-2176763 jurisdiction 54-2176764 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of IMPAC SECURED ASSETS CORPORATION, Mortgage Pass-Through Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 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. IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/29/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the August 25, 2005 distribution. EX-99.1

Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Series 2005-1 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 1A1 45254TRN6 SEN 4.29462% 25,~~200~~198,~~000~~632.0074 90,~~187~~182.0823 1AX 45254TSK1 SEN 0.86000% 0.00 1836,~~060~~400.0077 2A1 45254TRP1 SEN 5.~~25384~~25382% 18,~~136~~134,~~000~~263.0021 79,~~403~~395.0618 3A1 45254TRQ9 SEN 4.~~98739~~98559% 62,~~836~~324,~~000~~168.0042 ~~261~~258,~~156~~935.2349 3AX 45254TSL9 SEN 0.35000% 0.00 3028,~~423~~705.1788 4A1 45254TRR7 SEN 5.~~15033~~14464% 11,~~922~~527,~~000~~736.0097 5149,~~168~~421.5271 5A1 45254TRS5 SEN 3.~~46000~~73000% 4544,~~000~~055,~~000~~739.0003 ~~194~~141,~~625~~504.0059 5A2 45254TRT3 SEN 3.~~30000~~57000% ~~115~~109,~~719~~508,~~000~~910.0036 ~~477~~336,~~340~~648.8864 5A3 45254TRU0 SEN 3.~~47000~~74000% 160,394,000.00 ~~695~~516,~~708~~557.9779 5A4 45254TRV8 SEN 3.~~57000~~84000% 19,837,000.00 8865,~~522~~594.6135 5A5 45254TRW6 SEN 3.~~54000~~81000% 37,~~884~~089,~~000~~058.0016 ~~167~~121,~~636~~683.7002 5A6 45254TRX4 SEN 3.~~50000~~77000% 5048,~~000~~950,~~000~~821.0014 ~~218~~153,~~750~~787.0016 5A7 45254TRY2 SEN 3.~~54000~~81000% 12,~~500~~237,~~000~~705.0029 5540,~~312~~149.5087 5AX 45254TRZ9 SEN 01.~~57894~~91776% 0.00 ~~286~~785,~~231~~976.0874 B1 45254TSD7 SUB 5.~~63615~~63561% 30,~~745~~742,~~000~~973.0033 144,~~402~~379.7355 B2 45254TSE5 SUB 5.~~63615~~63561% 13,~~946~~945,~~000~~080.0070 65,~~501~~490.4088 B3 45254TSF2 SUB 5.~~63615~~63561% 8,~~875~~874,~~000~~414.0097 41,~~683~~677.9930 B4 45254TSG0 SUB 5.~~63615~~63561% 8,~~874~~873,~~000~~415.0004 41,~~679~~672.2960 B5 45254TSH8 SUB 5.~~63615~~63561% 6,~~973~~972,~~000~~540.0035 32,~~750~~745.7044 B6 45254TSJ4 SUB 5.~~63615~~63561% 5,~~072~~071,~~171~~836.2085 23,~~822~~819.9109 R1 45254TSA3 SEN 4.~~29462~~30786% ~~100~~0.00 0.3600 R2 45254TSB1 SEN 4.~~29462~~30786% ~~100~~0.00 0.3600 R3 45254TSC9 SEN 4.~~29462~~30786% ~~100~~0.00 0.3600 Totals ~~633~~623,~~913~~738,~~471~~296.2056 3,~~064~~054,~~367~~728.9028

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A1 1826,~~367~~745.2677 0.00 2524,~~198~~371,~~632~~886.7497 91916,~~554~~928.3400 0.00 1AX 0.00 0.00 0.00 1836,~~060~~400.0077 0.00 2A1 ~~1,736~~774.7956 0.00 18,~~134~~133,~~263~~488.2165 8180,~~139~~169.8574 0.00 3A1 ~~511~~452,~~831~~126.5811 0.00 6261,~~324~~872,~~168~~042.4231 ~~772~~711,~~987~~061.8160 0.00 3AX 0.00 0.00 0.00 3028,~~423~~705.1788 0.00 4A1 ~~394~~1,~~263~~258.0334 0.00 11,~~527~~526,~~736~~478.9763 ~~445~~50,~~431~~680.5505 0.00 5A1 ~~944~~1,~~260~~572,402.9798 0.00 4442,~~055~~483,~~739~~336.0305 1,~~138~~713,~~885~~907.9757 0.00 5A2 610,~~210~~341,~~089~~170.6426 0.00 ~~109~~99,~~508~~167,~~910~~740.3609 610,~~687~~677,~~430~~818.5290 0.00 5A3 0.00 0.00 160,394,000.00 ~~695~~516,~~708~~557.9779 0.00 5A4 0.00 0.00 19,837,000.00 8865,~~522~~594.6135 0.00 5A5 ~~794~~1,~~941~~323,753.8466 0.00 3735,~~089~~765,~~058~~304.1651 ~~962~~1,~~578~~445,436.5468 0.00 5A6 1,~~049~~747,~~178~~114.8642 0.00 4847,~~950~~203,~~821~~706.1472 1,~~267~~900,~~928~~901.8658 0.00 5A7 ~~262~~436,~~294~~778.7161 0.00 1211,~~237~~800,~~705~~926.2968 ~~317~~476,~~607~~928.2148 0.00 5AX 0.00 0.00 0.00 ~~286~~785,~~231~~976.0874 0.00 B1 21,~~026~~983.6798 0.00 30,~~742~~740,~~973~~989.3335 146,~~429~~363.4053 0.00 B2 ~~919~~899.3094 0.00 13,~~945~~944,~~080~~180.7076 66,~~420~~390.7082 0.00 B3 ~~585~~572.0370 0.00 8,~~874~~873,~~414~~842.9727 42,~~269~~250.0200 0.00 B4 ~~584~~572.9664 0.00 8,~~873~~872,~~415~~842.0440 42,~~264~~245.2524 0.00 B5 ~~459~~449.6597 0.00 6,972,~~540~~090.3538 33,~~210~~195.3541 0.00 B6 ~~334~~327.3531 0.00 5,071,~~836~~509.8554 24,~~157~~146.2640 0.00 R1 ~~100~~0.00 0.00 0.00 ~~100~~0.3600 0.00 R2 ~~100~~0.00 0.00 0.00 ~~100~~0.3600 0.00 R3 ~~100~~0.00 0.00 0.00 ~~100~~0.3600 0.00 Totals 1016,~~175~~706,~~174~~931.6425 0.00 ~~623~~607,~~738~~031,~~296~~365.5631 1319,~~239~~761,~~542~~659.5453 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1A1 25,200,000.00 25,~~200~~198,~~000~~632.0074 ~~568~~696.1729 ~~799~~826,049.0948 0.00 0.00 1AX 0.00 0.00 0.00 0.00 0.00 0.00 2A1 18,136,000.00 18,~~136~~134,~~000~~263.0021 30.7200 ~~1,733~~774.0756 0.00 0.00 3A1 62,836,000.00 62,~~836~~324,~~000~~168.0042 ~~951~~955.6731 ~~510~~451,~~879~~170.9180 0.00 0.00 3AX 0.00 0.00 0.00 0.00 0.00 0.00 4A1 11,922,000.00 11,~~922~~527,~~000~~736.0097 1,~~261~~258.7723 ~~393,001~~0.2611 0.00 0.00 5A1 45,000,000.00 4544,~~000~~055,~~000~~739.0003 3,~~482~~325.1078 ~~940~~1,~~778~~569,077.8720 0.00 0.00 5A2 115,719,000.00 ~~115~~109,~~719~~508,~~000~~910.0036 2221,~~900~~872.5954 610,~~187~~319,~~189~~297.0572 0.00 0.00 5A3 160,394,000.00 160,394,000.00 0.00 0.00 0.00 0.00 5A4 19,837,000.00 19,837,000.00 0.00 0.00 0.00 0.00 5A5 37,884,000.00 37,~~884~~089,~~000~~058.0016 2,~~931~~799.4686 ~~792~~1,~~010~~320,953.3779 0.00 0.00 5A6 50,000,000.00 5048,~~000~~950,~~000~~821.0014 3,~~869~~695.0031 1,~~045~~743,~~309~~419.8611 0.00 0.00 5A7 12,500,000.00 12,~~500~~237,~~000~~705.0029 ~~967~~923.2583 ~~261~~435,~~327~~854.4678 0.00 0.00 5AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 30,745,000.00 30,~~745~~742,~~000~~973.0033 21,~~026~~983.6798 0.00 0.00 0.00 B2 13,946,000.00 13,~~946~~945,~~000~~080.0070 ~~919~~899.3094 0.00 0.00 0.00 B3 8,875,000.00 8,~~875~~874,~~000~~414.0097 ~~585~~572.0370 0.00 0.00 0.00 B4 8,874,000.00 8,~~874~~873,~~000~~415.0004 ~~584~~572.9664 0.00 0.00 0.00 B5 6,973,000.00 6,~~973~~972,~~000~~540.0035 ~~459~~449.6597 0.00 0.00 0.00 B6 5,072,171.20 5,~~072~~071,~~171~~836.2085 ~~334~~327.3531 0.00 0.00 0.00 R1 100.00 ~~100~~0.00 410.5600 580.4400 0.00 0.00 R2 100.00 ~~100~~0.00 410.5600 580.4400 0.00 0.00 R3 100.00 ~~100~~0.00 410.5600 580.4400 0.00 0.00 Totals 633,913,471.20 ~~633~~623,~~913~~738,~~471~~296.2056 4140,~~970~~333.3769 1016,~~133~~666,~~204~~597.2655 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 1A1 1826,~~367~~745.2677 2524,~~198~~371,~~632~~886.7497 0.~~99994574~~96713837 1826,~~367~~745.2677 1AX 0.00 0.00 0.00000000 0.00 2A1 ~~1,736~~774.7956 18,~~134~~133,~~263~~488.2165 0.~~99990424~~99986153 ~~1,736~~774.7956 3A1 ~~511~~452,~~831~~126.5811 6261,~~324~~872,~~168~~042.4231 0.~~99185449~~98465915 ~~511~~452,~~831~~126.5811 3AX 0.00 0.00 0.00000000 0.00 4A1 ~~394~~1,~~263~~258.0334 11,~~527~~526,~~736~~478.9763 0.~~96692979~~96682424 ~~394~~1,~~263~~258.0334 5A1 ~~944~~1,~~260~~572,402.9798 4442,~~055~~483,~~739~~336.0305 0.~~97901642~~94407413 ~~944~~1,~~260~~572,402.9798 5A2 610,~~210~~341,~~089~~170.6426 ~~109~~99,~~508~~167,~~910~~740.3609 0.~~94633475~~85697025 610,~~210~~341,~~089~~170.6426 5A3 0.00 160,394,000.00 1.00000000 0.00 5A4 0.00 19,837,000.00 1.00000000 0.00 5A5 ~~794~~1,~~941~~323,753.8466 3735,~~089~~765,~~058~~304.1651 0.~~97901642~~94407413 ~~794~~1,~~941~~323,753.8466 5A6 1,~~049~~747,~~178~~114.8642 4847,~~950~~203,~~821~~706.1472 0.~~97901642~~94407413 1,~~049~~747,~~178~~114.8642 5A7 ~~262~~436,~~294~~778.7161 1211,~~237~~800,~~705~~926.2968 0.~~97901642~~94407413 ~~262~~436,~~294~~778.7161 5AX 0.00 0.00 0.00000000 0.00 B1 21,~~026~~983.6798 30,~~742~~740,~~973~~989.3335 0.~~99993408~~99986955 21,~~026~~983.6798 B2 ~~919~~899.3094 13,~~945~~944,~~080~~180.7076 0.~~99993408~~99986955 ~~919~~899.3094 B3 ~~585~~572.0370 8,~~874~~873,~~414~~842.9727 0.~~99993408~~99986955 ~~585~~572.0370 B4 ~~584~~572.9664 8,~~873~~872,~~415~~842.0440 0.~~99993408~~99986955 ~~584~~572.9664 B5 ~~459~~449.6597 6,972,~~540~~090.3538 0.~~99993408~~99986955 ~~459~~449.6597 B6 ~~334~~327.3531 5,071,~~836~~509.8554 0.~~99993408~~99986955 ~~334~~327.3531 R1 ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 R2 ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 R3 ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 Totals 1016,~~175~~706,~~174~~931.6425 ~~623~~607,~~738~~031,~~296~~365.5631 0.~~98394864~~95759341 1016,~~175~~706,~~174~~931.6425

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 25,200,000.00 ~~1000~~999.~~00000000~~94574365 0.~~02254643~~02763056 032.~~03170992~~77974127 0.00000000 1AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2A1 18,136,000.00 ~~1000~~999.~~00000000~~90423522 0.~~00020512~~00000000 0.~~09555966~~04270843 0.00000000 3A1 62,836,000.00 ~~1000~~991.~~00000000~~85448501 0.~~01514530~~01520323 87.~~13036969~~18013241 0.00000000 3AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4A1 11,922,000.00 ~~1000~~966.~~00000000~~92979114 0.~~10583543~~10553850 320.~~96437343~~00000923 0.00000000 5A1 45,000,000.00 ~~1000~~979.~~00000000~~01642289 0.~~07738000~~07390622 2034.~~90619711~~86838222 0.00000000 5A2 115,719,000.00 ~~1000~~946.~~00000000~~33474503 0.~~19789827~~18901425 5389.~~46735670~~17548302 0.00000000 5A3 160,394,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 5A4 19,837,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 5A5 37,884,000.00 ~~1000~~979.~~00000000~~01642276 0.~~07737990~~07390613 2034.~~90619708~~86838217 0.00000000 5A6 50,000,000.00 ~~1000~~979.~~00000000~~01642280 0.~~07738000~~07390620 2034.~~90619720~~86838220 0.00000000 5A7 12,500,000.00 ~~1000~~979.~~00000000~~01642320 0.~~07738000~~07390640 2034.~~90619680~~86838240 0.00000000 5AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 30,745,000.00 ~~1000~~999.~~00000000~~93408131 0.~~06591869~~06453017 0.00000000 0.00000000 B2 13,946,000.00 ~~1000~~999.~~00000000~~93408146 0.~~06591854~~06453033 0.00000000 0.00000000 B3 8,875,000.00 ~~1000~~999.~~00000000~~93408113 0.~~06591887~~06452958 0.00000000 0.00000000 B4 8,874,000.00 ~~1000~~999.~~00000000~~93408159 0.~~06591841~~06453009 0.00000000 0.00000000 B5 6,973,000.00 ~~1000~~999.~~00000000~~93408146 0.~~06591854~~06453033 0.00000000 0.00000000 B6 5,072,171.20 ~~1000~~999.~~00000000~~93408148 0.~~06591852~~06453055 0.00000000 0.00000000 R1 100.00 ~~1000~~0.00000000 ~~415~~0.~~60000000~~00000000 ~~584~~0.~~40000000~~00000000 0.00000000 R2 100.00 ~~1000~~0.00000000 ~~415~~0.~~60000000~~00000000 ~~584~~0.~~40000000~~00000000 0.00000000 R3 100.00 ~~1000~~0.00000000 ~~415~~0.~~60000000~~00000000 ~~584~~0.~~40000000~~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 1A1 0.00000000 032.~~05425635~~80737183 ~~999~~967.~~94574365~~13837183 0.~~99994574~~96713837 032.~~05425635~~80737183 1AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A1 0.00000000 0.~~09576478~~04270843 999.~~90423522~~86152680 0.~~99990424~~99986153 0.~~09576478~~04270843 3A1 0.00000000 87.~~14551499~~19533564 ~~991~~984.~~85448501~~65914937 0.~~99185449~~98465915 87.~~14551499~~19533564 3AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4A1 0.00000000 330.~~07020886~~10554773 966.~~92979114~~82424342 0.~~96692979~~96682424 330.~~07020886~~10554773 5A1 0.00000000 2034.~~98357711~~94228844 ~~979~~944.~~01642289~~07413444 0.~~97901642~~94407413 2034.~~98357711~~94228844 5A2 0.00000000 5389.~~66525497~~36449727 ~~946~~856.~~33474503~~97024767 0.~~94633475~~85697025 5389.~~66525497~~36449727 5A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 5A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 5A5 0.00000000 2034.~~98357724~~94228857 ~~979~~944.~~01642276~~07413446 0.~~97901642~~94407413 2034.~~98357724~~94228857 5A6 0.00000000 2034.~~98357720~~94228840 ~~979~~944.~~01642280~~07413440 0.~~97901642~~94407413 2034.~~98357720~~94228840 5A7 0.00000000 2034.~~98357680~~94228880 ~~979~~944.~~01642320~~07413440 0.~~97901642~~94407413 2034.~~98357680~~94228880 5AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.~~06591869~~06453017 999.~~93408131~~86955115 0.~~99993408~~99986955 0.~~06591869~~06453017 B2 0.00000000 0.~~06591854~~06453033 999.~~93408146~~86955113 0.~~99993408~~99986955 0.~~06591854~~06453033 B3 0.00000000 0.~~06591887~~06452958 999.~~93408113~~86955155 0.~~99993408~~99986955 0.~~06591887~~06452958 B4 0.00000000 0.~~06591841~~06453009 999.~~93408159~~86955150 0.~~99993408~~99986955 0.~~06591841~~06453009 B5 0.00000000 0.~~06591854~~06453033 999.~~93408146~~86955113 0.~~99993408~~99986955 0.~~06591854~~06453033 B6 0.00000000 0.~~06591852~~06453055 999.~~93408148~~86955093 0.~~99993408~~99986955 0.~~06591852~~06453055 R1 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R2 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R3 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~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 1A1 25,200,000.00 4.29462% 25,~~200~~198,~~000~~632.0074 90,~~187~~182.0823 0.00 0.00 1AX 0.00 0.86000% 25,~~200~~198,~~000~~632.0074 18,~~060~~059.0002 0.00 0.00 2A1 18,136,000.00 5.~~25384~~25382% 18,~~136~~134,~~000~~263.0021 79,~~403~~395.0618 0.00 0.00 3A1 62,836,000.00 4.~~98739~~98559% 62,~~836~~324,~~000~~168.0042 ~~261~~258,~~156~~935.2349 0.00 0.00 3AX 0.00 0.35000% 62,~~836~~324,~~000~~168.0042 18,~~327~~177.1788 0.00 0.00 4A1 11,922,000.00 5.~~15033~~14464% 11,~~922~~527,~~000~~736.0097 5149,~~168~~421.5271 0.00 0.00 5A1 45,000,000.00 3.~~46000~~73000% 4544,~~000~~055,~~000~~739.0003 ~~194~~141,~~625~~504.0059 0.00 0.00 5A2 115,719,000.00 3.~~30000~~57000% ~~115~~109,~~719~~508,~~000~~910.0036 ~~477~~336,~~340~~648.8864 0.00 0.00 5A3 160,394,000.00 3.~~47000~~74000% 160,394,000.00 ~~695~~516,~~708~~557.9779 0.00 0.00 5A4 19,837,000.00 3.~~57000~~84000% 19,837,000.00 8865,~~522~~594.6135 0.00 0.00 5A5 37,884,000.00 3.~~54000~~81000% 37,~~884~~089,~~000~~058.0016 ~~167~~121,~~636~~683.7002 0.00 0.00 5A6 50,000,000.00 3.~~50000~~77000% 5048,~~000~~950,~~000~~821.0014 ~~218~~153,~~750~~787.0016 0.00 0.00 5A7 12,500,000.00 3.~~54000~~81000% 12,~~500~~237,~~000~~705.0029 5540,~~312~~149.5087 0.00 0.00 5AX 0.00 01.~~57894~~91776% ~~441~~432,~~334~~073,~~000~~233.0098 ~~212~~690,~~922~~511.2138 0.00 0.00 B1 30,745,000.00 5.~~63615~~63561% 30,~~745~~742,~~000~~973.0033 144,~~402~~379.7355 0.00 0.00 B2 13,946,000.00 5.~~63615~~63561% 13,~~946~~945,~~000~~080.0070 65,~~501~~490.4088 0.00 0.00 B3 8,875,000.00 5.~~63615~~63561% 8,~~875~~874,~~000~~414.0097 41,~~683~~677.9930 0.00 0.00 B4 8,874,000.00 5.~~63615~~63561% 8,~~874~~873,~~000~~415.0004 41,~~679~~672.2960 0.00 0.00 B5 6,973,000.00 5.~~63615~~63561% 6,~~973~~972,~~000~~540.0035 32,~~750~~745.7044 0.00 0.00 B6 5,072,171.20 5.~~63615~~63561% 5,~~072~~071,~~171~~836.2085 23,~~822~~819.9109 0.00 0.00 R1 100.00 4.~~29462~~30786% ~~100~~0.00 0.3600 0.00 0.00 R2 100.00 4.~~29462~~30786% ~~100~~0.00 0.3600 0.00 0.00 R3 100.00 4.~~29462~~30786% ~~100~~0.00 0.3600 0.00 0.00 Totals 633,913,471.20 2,~~978~~930,~~963~~393.0317 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 1A1 0.00 0.00 90,~~187~~182.0823 0.00 2524,~~198~~371,~~632~~886.7497 1AX 0.00 0.00 1836,~~060~~400.0077 0.00 2524,~~198~~371,~~632~~886.7497 2A1 0.00 0.00 79,~~403~~395.0618 0.00 18,~~134~~133,~~263~~488.2165 3A1 0.00 0.00 ~~261~~258,~~156~~935.2349 0.00 6261,~~324~~872,~~168~~042.4231 3AX 0.00 0.00 3028,~~423~~705.1788 0.00 6261,~~324~~872,~~168~~042.4231 4A1 0.00 0.00 5149,~~168~~421.5271 0.00 11,~~527~~526,~~736~~478.9763 5A1 0.00 0.00 ~~194~~141,~~625~~504.0059 0.00 4442,~~055~~483,~~739~~336.0305 5A2 0.00 0.00 ~~477~~336,~~340~~648.8864 0.00 ~~109~~99,~~508~~167,~~910~~740.3609 5A3 0.00 0.00 ~~695~~516,~~708~~557.9779 0.00 160,394,000.00 5A4 0.00 0.00 8865,~~522~~594.6135 0.00 19,837,000.00 5A5 0.00 0.00 ~~167~~121,~~636~~683.7002 0.00 3735,~~089~~765,~~058~~304.1651 5A6 0.00 0.00 ~~218~~153,~~750~~787.0016 0.00 4847,~~950~~203,~~821~~706.1472 5A7 0.00 0.00 5540,~~312~~149.5087 0.00 1211,~~237~~800,~~705~~926.2968 5AX 0.00 0.00 ~~286~~785,~~231~~976.0874 0.00 ~~432~~416,~~073~~652,~~233~~014.9806 B1 0.00 0.00 144,~~402~~379.7355 0.00 30,~~742~~740,~~973~~989.3335 B2 0.00 0.00 65,~~501~~490.4088 0.00 13,~~945~~944,~~080~~180.7076 B3 0.00 0.00 41,~~683~~677.9930 0.00 8,~~874~~873,~~414~~842.9727 B4 0.00 0.00 41,~~679~~672.2960 0.00 8,~~873~~872,~~415~~842.0440 B5 0.00 0.00 32,~~750~~745.7044 0.00 6,972,~~540~~090.3538 B6 0.00 0.00 23,~~822~~819.9109 0.00 5,071,~~836~~509.8554 R1 0.00 0.00 0.3600 0.00 0.00 R2 0.00 0.00 0.3600 0.00 0.00 R3 0.00 0.00 0.3600 0.00 0.00 Totals 0.00 0.00 3,~~064~~054,~~367~~728.9028 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 1A1 25,200,000.00 4.29462% ~~1000~~999.~~00000000~~94574365 3.~~57885238~~57865992 0.00000000 0.00000000 1AX 0.00 0.86000% ~~1000~~999.~~00000000~~94574365 0.~~71666667~~71662778 0.00000000 0.00000000 2A1 18,136,000.00 5.~~25384~~25382% ~~1000~~999.~~00000000~~90423522 4.~~37820137~~37776687 0.00000000 0.00000000 3A1 62,836,000.00 4.~~98739~~98559% ~~1000~~991.~~00000000~~85448501 4.~~15615618~~12081434 0.00000000 0.00000000 3AX 0.00 0.35000% ~~1000~~991.~~00000000~~85448501 0.~~29166672~~28929085 0.00000000 0.00000000 4A1 11,922,000.00 5.~~15033~~14464% ~~1000~~966.~~00000000~~92979114 4.~~29194095~~14542107 0.00000000 0.00000000 5A1 45,000,000.00 3.~~46000~~73000% ~~1000~~979.~~00000000~~01642289 43.~~32500000~~14454644 0.00000000 0.00000000 5A2 115,719,000.00 3.~~30000~~57000% ~~1000~~946.~~00000000~~33474503 42.~~12500004~~90919071 0.00000000 0.00000000 5A3 160,394,000.00 3.~~47000~~74000% 1000.00000000 43.~~33749997~~22055557 0.00000000 0.00000000 5A4 19,837,000.00 3.~~57000~~84000% 1000.00000000 43.~~46249987~~30666683 0.00000000 0.00000000 5A5 37,884,000.00 3.~~54000~~81000% ~~1000~~979.~~00000000~~01642276 43.~~42500000~~21198976 0.00000000 0.00000000 5A6 50,000,000.00 3.~~50000~~77000% ~~1000~~979.~~00000000~~01642280 43.~~37500000~~07574320 0.00000000 0.00000000 5A7 12,500,000.00 3.~~54000~~81000% ~~1000~~979.~~00000000~~01642320 43.~~42500000~~21198960 0.00000000 0.00000000 5AX 0.00 01.~~57894~~91776% ~~1000~~979.~~00000000~~01642289 01.~~48245141~~56460046 0.00000000 0.00000000 B1 30,745,000.00 5.~~63615~~63561% ~~1000~~999.~~00000000~~93408131 4.~~69678745~~69603350 0.00000000 0.00000000 B2 13,946,000.00 5.~~63615~~63561% ~~1000~~999.~~00000000~~93408146 4.~~69678761~~69603327 0.00000000 0.00000000 B3 8,875,000.00 5.~~63615~~63561% ~~1000~~999.~~00000000~~93408113 4.~~69678761~~69603380 0.00000000 0.00000000 B4 8,874,000.00 5.~~63615~~63561% ~~1000~~999.~~00000000~~93408159 4.~~69678724~~69603336 0.00000000 0.00000000 B5 6,973,000.00 5.~~63615~~63561% ~~1000~~999.~~00000000~~93408146 4.~~69678761~~69603327 0.00000000 0.00000000 B6 5,072,171.20 5.~~63615~~63561% ~~1000~~999.~~00000000~~93408148 4.~~69678744~~69603431 0.00000000 0.00000000 R1 100.00 4.~~29462~~30786% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R2 100.00 4.~~29462~~30786% ~~1000~~0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R3 100.00 4.~~29462~~30786% ~~1000~~0.00000000 30.~~60000000~~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 1A1 0.00000000 0.00000000 3.~~57885238~~57865992 0.00000000 ~~999~~967.~~94574365~~13837183 1AX 0.00000000 0.00000000 01.~~71666667~~44447500 0.00000000 ~~999~~967.~~94574365~~13837183 2A1 0.00000000 0.00000000 4.~~37820137~~37776687 0.00000000 999.~~90423522~~86152680 3A1 0.00000000 0.00000000 4.~~15615618~~12081434 0.00000000 ~~991~~984.~~85448501~~65914937 3AX 0.00000000 0.00000000 0.~~48416783~~45683812 0.00000000 ~~991~~984.~~85448501~~65914937 4A1 0.00000000 0.00000000 4.~~29194095~~14542107 0.00000000 966.~~92979114~~82424342 5A1 0.00000000 0.00000000 43.~~32500000~~14454644 0.00000000 ~~979~~944.~~01642289~~07413444 5A2 0.00000000 0.00000000 42.~~12500004~~90919071 0.00000000 ~~946~~856.~~33474503~~97024767 5A3 0.00000000 0.00000000 43.~~33749997~~22055557 0.00000000 1000.00000000 5A4 0.00000000 0.00000000 43.~~46249987~~30666683 0.00000000 1000.00000000 5A5 0.00000000 0.00000000 43.~~42500000~~21198976 0.00000000 ~~979~~944.~~01642276~~07413446 5A6 0.00000000 0.00000000 43.~~37500000~~07574320 0.00000000 ~~979~~944.~~01642280~~07413440 5A7 0.00000000 0.00000000 43.~~42500000~~21198960 0.00000000 ~~979~~944.~~01642320~~07413440 5AX 0.00000000 0.00000000 01.~~64855887~~78091137 0.00000000 ~~979~~944.~~01642289~~07413447 B1 0.00000000 0.00000000 4.~~69678745~~69603350 0.00000000 999.~~93408131~~86955115 B2 0.00000000 0.00000000 4.~~69678761~~69603327 0.00000000 999.~~93408146~~86955113 B3 0.00000000 0.00000000 4.~~69678761~~69603380 0.00000000 999.~~93408113~~86955155 B4 0.00000000 0.00000000 4.~~69678724~~69603336 0.00000000 999.~~93408159~~86955150 B5 0.00000000 0.00000000 4.~~69678761~~69603327 0.00000000 999.~~93408146~~86955113 B6 0.00000000 0.00000000 4.~~69678744~~69603431 0.00000000 999.~~93408148~~86955093 R1 0.00000000 0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 30.~~60000000~~00000000 0.00000000 0.00000000 R3 0.00000000 0.00000000 30.~~60000000~~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 1319,~~439~~834,~~753~~321.4876 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0124,335.0011 Total Deposits 1319,~~439~~958,~~753~~656.4887 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~200~~196,~~210~~997.9434 Payment of Interest and Principal 1319,~~239~~761,~~542~~659.5453 Total Withdrawals (Pool Distribution Amount) 1319,~~439~~958,~~753~~656.4887 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~198~~194,~~097~~918.8921 Wells Fargo Bank, N.A. 2,~~113~~079.0513 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~200~~196,~~210~~997.9434

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund ~~200~~0.00 ~~200~~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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~126~~194 0 0 0 ~~126~~194 3455,~~539~~913,~~614~~337.2547 0.00 0.00 0.00 3455,~~539~~913,~~614~~337.2547 60 Days 235 0 0 0 235 ~~484~~9,~~600~~349,543.0006 0.00 0.00 0.00 ~~484~~9,~~600~~349,543.0006 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~128~~229 0 0 0 ~~128~~229 3565,~~024~~262,~~214~~880.2553 0.00 0.00 0.00 3565,~~024~~262,~~214~~880.2553 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 59.~~871389~~260143% 0.000000% 0.000000% 0.000000% 59.~~871389~~260143% 59.~~537517~~210947% 0.000000% 0.000000% 0.000000% 59.~~537517~~210947% 60 Days 01.~~093197~~670644% 0.000000% 0.000000% 0.000000% 01.~~093197~~670644% 01.~~077693~~540208% 0.000000% 0.000000% 0.000000% 01.~~077693~~540208% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 510.~~964585~~930788% 0.000000% 0.000000% 0.000000% 510.~~964585~~930788% 510.~~615210~~751155% 0.000000% 0.000000% 0.000000% 510.~~615210~~751155%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 28 0 0 0 28 ~~933~~2,~~500~~999,196.0039 0.00 0.00 0.00 ~~933~~2,~~500~~999,196.0039 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 28 0 0 0 28 ~~933~~2,~~500~~999,196.0039 0.00 0.00 0.00 ~~933~~2,~~500~~999,196.0039 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 29.~~222222~~090909% 0.000000% 0.000000% 0.000000% 29.~~222222~~090909% 310.~~247196~~741709% 0.000000% 0.000000% 0.000000% 310.~~247196~~741709% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 29.~~222222~~090909% 0.000000% 0.000000% 0.000000% 29.~~222222~~090909% 310.~~247196~~741709% 0.000000% 0.000000% 0.000000% 310.~~247196~~741709% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 1,~~318~~093,~~400~~397.0038 0.00 0.00 0.00 1,~~318~~093,~~400~~397.0038 60 Days 01 0 0 0 01 0123,500.00 0.00 0.00 0.00 0123,500.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 45 0 0 0 45 1,~~318~~216,~~400~~897.0038 0.00 0.00 0.00 1,~~318~~216,~~400~~897.0038 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 7.407407% 0.000000% 0.000000% 0.000000% 7.407407% 65.~~397812~~306139% 0.000000% 0.000000% 0.000000% 65.~~397812~~306139% 60 Days 01.~~000000~~851852% 0.000000% 0.000000% 0.000000% 01.~~000000~~851852% 0.~~000000~~599332% 0.000000% 0.000000% 0.000000% 0.~~000000~~599332% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 79.~~407407~~259259% 0.000000% 0.000000% 0.000000% 79.~~407407~~259259% 65.~~397812~~905471% 0.000000% 0.000000% 0.000000% 65.~~397812~~905471% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 413 0 0 0 413 14,~~580~~201,~~900~~921.0087 0.00 0.00 0.00 14,~~580~~201,~~900~~921.0087 60 Days 02 0 0 0 02 01,162,000.00 0.00 0.00 0.00 01,162,000.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 415 0 0 0 415 15,~~580~~363,~~900~~921.0087 0.00 0.00 0.00 15,~~580~~363,~~900~~921.0087 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 16.~~851852~~046512% 0.000000% 0.000000% 0.000000% 16.~~851852~~046512% 25.~~230249~~965910% 0.000000% 0.000000% 0.000000% 25.~~230249~~965910% 60 Days 0.~~000000~~930233% 0.000000% 0.000000% 0.000000% 0.~~000000~~930233% 01.~~000000~~649814% 0.000000% 0.000000% 0.000000% 01.~~000000~~649814% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 16.~~851852~~976744% 0.000000% 0.000000% 0.000000% 16.~~851852~~976744% 27.~~230249~~615724% 0.000000% 0.000000% 0.000000% 27.~~230249~~615724% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 ~~557~~347,~~000~~499.0090 0.00 0.00 0.00 ~~557~~347,~~000~~499.0090 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 ~~557~~347,~~000~~499.0090 0.00 0.00 0.00 ~~557~~347,~~000~~499.0090 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.714286% 0.000000% 0.000000% 0.000000% 5.714286% 42.~~226786~~637285% 0.000000% 0.000000% 0.000000% 42.~~226786~~637285% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.714286% 0.000000% 0.000000% 0.000000% 5.714286% 42.~~226786~~637285% 0.000000% 0.000000% 0.000000% 42.~~226786~~637285% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~114~~167 0 0 0 ~~114~~167 3047,~~149~~271,~~814~~321.2593 0.00 0.00 0.00 3047,~~149~~271,~~814~~321.2593 60 Days 232 0 0 0 232 ~~484~~8,~~600~~064,043.0006 0.00 0.00 0.00 ~~484~~8,~~600~~064,043.0006 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~116~~199 0 0 0 ~~116~~199 3055,~~634~~335,~~414~~364.2599 0.00 0.00 0.00 3055,~~634~~335,~~414~~364.2599 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 69.~~510565~~806224% 0.000000% 0.000000% 0.000000% 69.~~510565~~806224% 69.~~148994~~954048% 0.000000% 0.000000% 0.000000% 69.~~148994~~954048% 60 Days 01.~~114220~~879037% 0.000000% 0.000000% 0.000000% 01.~~114220~~879037% 01.~~098833~~698067% 0.000000% 0.000000% 0.000000% 01.~~098833~~698067% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 611.~~624786~~685261% 0.000000% 0.000000% 0.000000% 611.~~624786~~685261% 611.~~247828~~652116% 0.000000% 0.000000% 0.000000% 611.~~247828~~652116%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~085347~~084015% Weighted Average Net Coupon 5.~~710348~~709015% Weighted Average Pass-Through Rate 5.~~639186~~637736% Weighted Average Maturity(Stepdown Calculation) ~~358~~357 Beginning Scheduled Collateral Loan Count 2,~~180~~146 Number Of Loans Paid In Full 3451 Ending Scheduled Collateral Loan Count 2,~~146~~095 Beginning Scheduled Collateral Balance ~~633~~623,~~913~~738,~~471~~296.2056 Ending Scheduled Collateral Balance ~~623~~607,~~738~~031,~~296~~365.5632 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~623~~607,~~738~~031,~~296~~365.5632 Monthly P&I Constant 3,~~256~~202,~~622~~694.4457 Special Servicing Fee 0.00 Prepayment Penalties 0124,335.0011 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 4140,~~970~~333.3669 Unscheduled Principal 1016,~~133~~666,~~004~~597.2855

Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.~~568799~~568801 5.~~662841~~662823 5.~~754107~~752363 Weighted Average Net Rate 5.~~193799~~193801 5.~~287841~~287823 5.~~379107~~377363 Weighted Average Maturity ~~358~~357 357 358 ~~359~~ Beginning Loan Count 90 54 ~~217~~216 Loans Paid In Full 02 0 1 Ending Loan Count 9088 54 ~~216~~215 Beginning Scheduled Balance 28,~~749~~747,~~443~~878.7187 20,~~608~~607,~~783~~046.4717 7170,~~396~~884,~~416~~454.1491 Ending Scheduled Balance 2827,~~747~~921,~~878~~035.8703 20,~~607~~606,~~046~~271.1761 70,~~884~~432,~~454~~197.9159 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 134,~~206~~203.9771 97,~~257~~245.7804 ~~343~~340,~~433~~880.5380 Scheduled Principal ~~790~~794.4236 40.2300 1,~~081~~086.3252 Unscheduled Principal ~~774~~826,049.4248 ~~1,733~~774.0756 ~~510~~451,~~879~~170.9180 Scheduled Interest 133,~~416~~409.5535 97,~~253~~245.5504 ~~342~~339,~~352~~794.2128 Servicing Fees 8,~~984~~983.2071 6,~~440~~439.2470 22,~~311~~151.3839 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 95.83 68.7069 ~~237~~236.9928 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 842.7066 515.2218 2,~~244~~231.3454 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 123,~~493~~487.8215 90,~~229~~221.3947 ~~317~~315,~~558~~175.5007 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.~~154625~~154627 5.~~253841~~253823 5.~~337386~~335586

Group Level Collateral Statement Group 4 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.~~559330~~553639 6.~~194130~~194124 6.~~085347~~084015 Weighted Average Net Rate 5.~~184330~~178639 5.~~819130~~819124 5.~~710348~~709015 Weighted Average Maturity ~~358~~357 ~~358~~357 ~~358~~357 Beginning Loan Count 3635 1,~~783~~751 2,~~180~~146 Loans Paid In Full 10 3248 3451 Ending Loan Count 35 1,~~751~~703 2,~~146~~095 Beginning Scheduled Balance 13,~~572~~177,~~299~~861.6798 ~~499~~490,~~586~~321,~~328~~054.2163 ~~633~~623,~~913~~738,~~271~~296.2056 Ending scheduled Balance 13,~~177~~176,~~861~~423.9853 ~~490~~474,~~321~~895,~~054~~437.6356 ~~623~~607,~~738~~031,~~296~~365.5632 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 6462,~~313~~425.8491 2,~~617~~567,~~410~~939.3211 3,~~256~~202,~~622~~694.4457 Scheduled Principal 1,~~436~~438.4334 3837,~~657~~014.9647 4140,~~970~~333.3669 Unscheduled Principal ~~393,001~~0.2611 915,~~226~~388,~~615~~602.6260 1016,~~133~~666,~~004~~597.2855 Scheduled Interest 6260,~~877~~987.4157 2,~~578~~530,~~752~~924.3664 3,~~214~~162,~~652~~360.0888 Servicing Fees 4,~~241~~118.3408 ~~156~~153,~~120~~225.7333 ~~198~~194,~~097~~918.8921 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 4543.2493 1,~~665~~634.2940 2,~~113~~079.0513 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~339~~329.3145 31,~~537~~051.3665 3534,~~478~~970.9348 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 5856,~~251~~496.5211 2,~~389~~345,~~428~~013.9826 2,~~978~~930,~~962~~393.2106 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.~~150330~~144639 5.~~739378~~739129 5.~~639186~~637736

Filing Compare · IMPAC Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2005-1