8-K 1 bst05004_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 ARM TRUST Mortgage Pass-Through Certificates, Series 2005-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-14 Pooling and Servicing Agreement) (Commission 54-2176722 (State or other File Number) 54-2176723 jurisdiction 54-2176724 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 BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2005-4 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 2005-4 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2005-4 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 Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the August 25, 2005 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Bear Stearns ARM Trust Mortgage Pass-Through Certificates Series 2005-4 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 07387ABL8 SEN 5.~~35000~~34901% ~~317~~315,~~184~~771,~~000~~807.0073 1,~~414~~407,~~112~~556.0057 II-A-1 07387ABM6 SEN 4.~~59500~~59191% ~~172~~168,~~239~~767,~~000~~448.0034 ~~659~~645,~~531~~803.8498 II-A-2 07387ABN4 SEN 4.56700% 30,735,000.00 116,972.29 II-A-3 07387ABP9 SEN 4.45000% 65,718,000.00 243,704.25 II-X-1 07387ABQ7 SEN 0.~~10651~~10463% 0.00 8,~~561~~409.0963 III-A-1 07387ABR5 SEN 5.~~39900~~39840% ~~303~~302,~~317~~689,~~000~~481.0074 1,~~364~~361,~~673~~699.7447 IV-A-1 07387ABS3 SEN 5.~~21400~~21371% ~~644~~638,~~649~~942,~~000~~614.0034 2,~~800~~776,~~999~~052.9148 B-1 07387ABW4 SUB 5.~~17000~~16929% 14,~~553~~550,~~000~~446.0018 62,~~699~~679.1856 B-2 07387ABX2 SUB 5.~~17000~~16929% 14,~~554~~551,~~000~~446.00 62,~~703~~683.4887 B-3 07387ABY0 SUB 5.~~17000~~16929% 7,~~277~~275,~~000~~723.00 31,~~351~~341.7494 B-4 07387ABZ7 SUB 5.~~17000~~16929% 6,~~469~~467,~~000~~864.0079 27,~~870~~861.6189 B-5 07387ACA1 SUB 5.~~17000~~16929% 6,~~468~~466,~~000~~864.0097 27,~~866~~857.3058 B-6 07387ACB9 SUB 5.~~17000~~16929% 4,~~851~~850,~~000~~148.0073 20,~~899~~893.7319 B-7 07387ACC7 SUB 5.~~17000~~16929% 4,~~042~~041,~~000~~290.0069 17,~~414~~408.2884 B-8 07387ACD5 SUB 5.~~17000~~16929% 2,~~426~~425,~~000~~574.0027 10,~~452~~448.0275 B-9 07387ACH6 SUB 5.~~17000~~16929% 6,~~469~~467,~~000~~864.0079 27,~~870~~861.6189 B-10 07387ACE3 SUB 5.~~17000~~16929% 6,~~468~~466,~~000~~864.0097 27,~~866~~857.3058 B-11 07387ACF0 SUB 5.~~17000~~16929% 5,~~660~~659,~~000~~006.0076 24,~~385~~377.1754 B-12 07387ACG8 SUB 5.~~17000~~16929% 4,~~046~~045,~~221~~510.0095 17,~~432~~427.4702 R-I 07387ABT1 RES 65.~~62831~~34621% 500.00 0.2800 R-II 07387ABU8 RES 65.~~62831~~34621% 500.00 0.2800 R-III 07387ABV6 RES 65.~~62831~~34621% 500.00 0.2800 Totals 1,~~617~~605,~~125~~892,~~371~~958.0025 6,~~967~~918,~~367~~898.8532

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 18,~~412~~505,~~192~~334.2747 0.00 ~~315~~307,~~771~~266,~~807~~473.7326 29,~~826~~912,~~304~~891.2704 0.00 II-A-1 32,~~471~~823,~~551~~665.6635 0.00 ~~168~~165,~~767~~943,~~448~~782.3499 43,~~131~~469,~~083~~469.5033 0.00 II-A-2 0.00 0.00 30,735,000.00 116,972.29 0.00 II-A-3 0.00 0.00 65,718,000.00 243,704.25 0.00 II-X-1 0.00 0.00 0.00 8,~~561~~409.0963 0.00 III-A-1 ~~627~~4,~~518~~734,352.2667 0.00 ~~302~~297,~~689~~955,~~481~~129.7407 16,~~992~~096,~~192~~052.0014 0.00 IV-A-1 56,~~706~~691,~~385~~028.6661 0.00 ~~638~~632,~~942~~251,~~614~~585.3473 89,~~507~~467,~~385~~081.5709 0.00 B-1 2,~~553~~673.8242 0.00 14,~~550~~547,~~446~~772.1875 65,~~253~~352.0098 0.00 B-2 2,~~554~~673.0060 0.00 14,~~551~~548,~~446~~772.0039 65,~~257~~357.4847 0.00 B-3 1,~~277~~336.0080 0.00 7,~~275~~274,~~723~~386.0020 32,~~628~~678.74 0.00 B-4 1,~~135~~188.2137 0.00 6,~~467~~466,~~864~~676.7942 29,~~005~~050.8226 0.00 B-5 1,~~135~~188.0319 0.00 6,~~466~~465,~~864~~676.9778 29,~~001~~045.3377 0.00 B-6 ~~851~~891.2714 0.00 4,~~850~~849,~~148~~257.7358 21,~~751~~784.0033 0.00 B-7 ~~709~~742.3153 0.00 4,~~041~~040,~~290~~548.6917 18,~~123~~151.5937 0.00 B-8 ~~425~~445.7366 0.00 2,425,~~574~~128.2761 10,~~877~~894.7541 0.00 B-9 1,~~135~~188.2137 0.00 6,~~467~~466,~~864~~676.7942 29,~~005~~050.8226 0.00 B-10 1,~~135~~188.0319 0.00 6,~~466~~465,~~864~~676.9778 29,~~001~~045.3377 0.00 B-11 ~~993~~1,039.2476 0.00 5,~~659~~657,~~006~~967.7600 25,~~378~~417.4130 0.00 B-12 ~~710~~743.0530 0.00 4,~~045~~044,~~510~~767.9565 18,~~142~~170.5232 0.00 R-I 500.00 0.00 0.00 500.2800 0.00 R-II 500.00 0.00 0.00 500.2800 0.00 R-III 500.00 0.00 0.00 500.2800 0.00 Totals 1122,~~232~~769,~~412~~680.7543 0.00 1,~~605~~583,~~892~~123,~~958~~277.2580 1829,~~199~~688,~~780~~578.6075 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-1 317,184,000.00 ~~317~~315,~~184~~771,~~000~~807.0073 3740,~~521~~461.1939 18,~~374~~464,~~671~~873.0908 0.00 0.00 II-A-1 172,239,000.00 ~~172~~168,~~239~~767,~~000~~448.0034 4948,~~810~~391.6764 32,~~421~~775,~~740~~273.9971 0.00 0.00 II-A-2 30,735,000.00 30,735,000.00 0.00 0.00 0.00 0.00 II-A-3 65,718,000.00 65,718,000.00 0.00 0.00 0.00 0.00 II-X-1 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 303,317,000.00 ~~303~~302,~~317~~689,~~000~~481.0074 5261,~~310~~660.8203 ~~575~~4,~~207~~672,692.4464 0.00 0.00 IV-A-1 644,649,000.00 ~~644~~638,~~649~~942,~~000~~614.0034 129,~~523~~212.0527 56,~~576~~561,~~862~~816.6134 0.00 0.00 B-1 14,553,000.00 14,~~553~~550,~~000~~446.0018 2,~~553~~673.8242 0.00 0.00 0.00 B-2 14,554,000.00 14,~~554~~551,~~000~~446.00 2,~~554~~673.0060 0.00 0.00 0.00 B-3 7,277,000.00 7,~~277~~275,~~000~~723.00 1,~~277~~336.0080 0.00 0.00 0.00 B-4 6,469,000.00 6,~~469~~467,~~000~~864.0079 1,~~135~~188.2137 0.00 0.00 0.00 B-5 6,468,000.00 6,~~468~~466,~~000~~864.0097 1,~~135~~188.0319 0.00 0.00 0.00 B-6 4,851,000.00 4,~~851~~850,~~000~~148.0073 ~~851~~891.2714 0.00 0.00 0.00 B-7 4,042,000.00 4,~~042~~041,~~000~~290.0069 ~~709~~742.3153 0.00 0.00 0.00 B-8 2,426,000.00 2,~~426~~425,~~000~~574.0027 ~~425~~445.7366 0.00 0.00 0.00 B-9 6,469,000.00 6,~~469~~467,~~000~~864.0079 1,~~135~~188.2137 0.00 0.00 0.00 B-10 6,468,000.00 6,~~468~~466,~~000~~864.0097 1,~~135~~188.0319 0.00 0.00 0.00 B-11 5,660,000.00 5,~~660~~659,~~000~~006.0076 ~~993~~1,039.2476 0.00 0.00 0.00 B-12 4,046,221.00 4,~~046~~045,~~221~~510.0095 ~~710~~743.0530 0.00 0.00 0.00 R-I 50.00 500.00 10.3300 480.6700 0.00 0.00 R-II 50.00 500.00 10.3300 480.6700 0.00 0.00 R-III 50.00 500.00 10.3300 480.6700 0.00 0.00 Totals 1,617,125,371.00 1,~~617~~605,~~125~~892,~~371~~958.0025 ~~283~~295,~~784~~024.6266 1022,~~948~~474,~~628~~655.1477 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 18,~~412~~505,~~192~~334.2747 ~~315~~307,~~771~~266,~~807~~473.7326 0.~~99554772~~96873258 18,~~412~~505,~~192~~334.2747 II-A-1 32,~~471~~823,~~551~~665.6635 ~~168~~165,~~767~~943,~~448~~782.3499 0.~~97984457~~96345069 32,~~471~~823,~~551~~665.6635 II-A-2 0.00 30,735,000.00 1.00000000 0.00 II-A-3 0.00 65,718,000.00 1.00000000 0.00 II-X-1 0.00 0.00 0.00000000 0.00 III-A-1 ~~627~~4,~~518~~734,352.2667 ~~302~~297,~~689~~955,~~481~~129.7407 0.~~99793115~~98232255 ~~627~~4,~~518~~734,352.2667 IV-A-1 56,~~706~~691,~~385~~028.6661 ~~638~~632,~~942~~251,~~614~~585.3473 0.~~99114807~~98076874 56,~~706~~691,~~385~~028.6661 B-1 2,~~553~~673.8242 14,~~550~~547,~~446~~772.1875 0.~~99982452~~99964081 2,~~553~~673.8242 B-2 2,~~554~~673.0060 14,~~551~~548,~~446~~772.0039 0.~~99982452~~99964081 2,~~554~~673.0060 B-3 1,~~277~~336.0080 7,~~275~~274,~~723~~386.0020 0.~~99982452~~99964081 1,~~277~~336.0080 B-4 1,~~135~~188.2137 6,~~467~~466,~~864~~676.7942 0.~~99982452~~99964081 1,~~135~~188.2137 B-5 1,~~135~~188.0319 6,~~466~~465,~~864~~676.9778 0.~~99982452~~99964081 1,~~135~~188.0319 B-6 ~~851~~891.2714 4,~~850~~849,~~148~~257.7358 0.~~99982452~~99964081 ~~851~~891.2714 B-7 ~~709~~742.3153 4,~~041~~040,~~290~~548.6917 0.~~99982452~~99964081 ~~709~~742.3153 B-8 ~~425~~445.7366 2,425,~~574~~128.2761 0.~~99982451~~99964081 ~~425~~445.7366 B-9 1,~~135~~188.2137 6,~~467~~466,~~864~~676.7942 0.~~99982452~~99964081 1,~~135~~188.2137 B-10 1,~~135~~188.0319 6,~~466~~465,~~864~~676.9778 0.~~99982452~~99964081 1,~~135~~188.0319 B-11 ~~993~~1,039.2476 5,~~659~~657,~~006~~967.7600 0.~~99982452~~99964081 ~~993~~1,039.2476 B-12 ~~710~~743.0530 4,~~045~~044,~~510~~767.9565 0.~~99982452~~99964081 ~~710~~743.0530 R-I 500.00 0.00 0.00000000 500.00 R-II 500.00 0.00 0.00000000 500.00 R-III 500.00 0.00 0.00000000 500.00 Totals 1122,~~232~~769,~~412~~680.7543 1,~~605~~583,~~892~~123,~~958~~277.2580 0.~~99305409~~97897374 1122,~~232~~769,~~412~~680.7543

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 317,184,000.00 ~~1000~~995.~~00000000~~54771908 0.~~11829471~~12756441 426.~~33398624~~68757907 0.00000000 II-A-1 172,239,000.00 ~~1000~~979.~~00000000~~84456679 0.~~28919507~~28095635 1916.~~86623813~~11292280 0.00000000 II-A-2 30,735,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-3 65,718,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 303,317,000.00 ~~1000~~997.~~00000000~~93114708 0.~~17246254~~20328577 115.~~89639038~~40531075 0.00000000 IV-A-1 644,649,000.00 ~~1000~~991.~~00000000~~14807335 0.~~20092027~~20043818 810.~~65100638~~17889788 0.00000000 B-1 14,553,000.00 ~~1000~~999.~~00000000~~82451591 0.~~17548409~~18370233 0.00000000 0.00000000 B-2 14,554,000.00 ~~1000~~999.~~00000000~~82451560 0.~~17548440~~18370208 0.00000000 0.00000000 B-3 7,277,000.00 ~~1000~~999.~~00000000~~82451560 0.~~17548440~~18370208 0.00000000 0.00000000 B-4 6,469,000.00 ~~1000~~999.~~00000000~~82451538 0.~~17548462~~18370227 0.00000000 0.00000000 B-5 6,468,000.00 ~~1000~~999.~~00000000~~82451608 0.~~17548392~~18370284 0.00000000 0.00000000 B-6 4,851,000.00 ~~1000~~999.~~00000000~~82451659 0.~~17548341~~18370233 0.00000000 0.00000000 B-7 4,042,000.00 ~~1000~~999.~~00000000~~82451509 0.~~17548491~~18370361 0.00000000 0.00000000 B-8 2,426,000.00 ~~1000~~999.~~00000000~~82451360 0.~~17548640~~18370157 0.00000000 0.00000000 B-9 6,469,000.00 ~~1000~~999.~~00000000~~82451538 0.~~17548462~~18370227 0.00000000 0.00000000 B-10 6,468,000.00 ~~1000~~999.~~00000000~~82451608 0.~~17548392~~18370284 0.00000000 0.00000000 B-11 5,660,000.00 ~~1000~~999.~~00000000~~82451590 0.~~17548410~~18370318 0.00000000 0.00000000 B-12 4,046,221.00 ~~1000~~999.~~00000000~~82451527 0.~~17548473~~18370227 0.00000000 0.00000000 R-I 50.00 ~~1000~~0.00000000 260.~~60000000~~00000000 ~~973~~0.~~40000000~~00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 260.~~60000000~~00000000 ~~973~~0.~~40000000~~00000000 0.00000000 R-III 50.00 ~~1000~~0.00000000 260.~~60000000~~00000000 ~~973~~0.~~40000000~~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 426.~~45228092~~81514348 ~~995~~968.~~54771908~~73257560 0.~~99554772~~96873258 426.~~45228092~~81514348 II-A-1 0.00000000 2016.~~15543321~~39387914 ~~979~~963.~~84456679~~45068765 0.~~97984457~~96345069 2016.~~15543321~~39387914 II-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-1 0.00000000 215.~~06885292~~60859652 ~~997~~982.~~93114708~~32255057 0.~~99793115~~98232255 215.~~06885292~~60859652 IV-A-1 0.00000000 810.~~85192665~~37933606 ~~991~~980.~~14807335~~76873730 0.~~99114807~~98076874 810.~~85192665~~37933606 B-1 0.00000000 0.~~17548409~~18370233 999.~~82451591~~64081289 0.~~99982452~~99964081 0.~~17548409~~18370233 B-2 0.00000000 0.~~17548440~~18370208 999.~~82451560~~64081283 0.~~99982452~~99964081 0.~~17548440~~18370208 B-3 0.00000000 0.~~17548440~~18370208 999.~~82451560~~64081352 0.~~99982452~~99964081 0.~~17548440~~18370208 B-4 0.00000000 0.~~17548462~~18370227 999.~~82451538~~64081311 0.~~99982452~~99964081 0.~~17548462~~18370227 B-5 0.00000000 0.~~17548392~~18370284 999.~~82451608~~64081323 0.~~99982452~~99964081 0.~~17548392~~18370284 B-6 0.00000000 0.~~17548341~~18370233 999.~~82451659~~64081220 0.~~99982452~~99964081 0.~~17548341~~18370233 B-7 0.00000000 0.~~17548491~~18370361 999.~~82451509~~64081395 0.~~99982452~~99964081 0.~~17548491~~18370361 B-8 0.00000000 0.~~17548640~~18370157 999.~~82451360~~64081204 0.~~99982451~~99964081 0.~~17548640~~18370157 B-9 0.00000000 0.~~17548462~~18370227 999.~~82451538~~64081311 0.~~99982452~~99964081 0.~~17548462~~18370227 B-10 0.00000000 0.~~17548392~~18370284 999.~~82451608~~64081323 0.~~99982452~~99964081 0.~~17548392~~18370284 B-11 0.00000000 0.~~17548410~~18370318 999.~~82451590~~64081272 0.~~99982452~~99964081 0.~~17548410~~18370318 B-12 0.00000000 0.~~17548473~~18370227 999.~~82451527~~64081300 0.~~99982452~~99964081 0.~~17548473~~18370227 R-I 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-II 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-III 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 I-A-1 317,184,000.00 5.~~35000~~34901% ~~317~~315,~~184~~771,~~000~~807.0073 1,~~414~~407,~~112~~556.0057 0.00 0.00 II-A-1 172,239,000.00 4.~~59500~~59191% ~~172~~168,~~239~~767,~~000~~448.0034 ~~659~~645,~~531~~803.8498 0.00 0.00 II-A-2 30,735,000.00 4.56700% 30,735,000.00 116,972.29 0.00 0.00 II-A-3 65,718,000.00 4.45000% 65,718,000.00 243,704.25 0.00 0.00 II-X-1 0.00 0.~~10651~~10463% 96,453,000.00 8,~~561~~409.0963 0.00 0.00 III-A-1 303,317,000.00 5.~~39900~~39840% ~~303~~302,~~317~~689,~~000~~481.0074 1,~~364~~361,~~673~~699.7447 0.00 0.00 IV-A-1 644,649,000.00 5.~~21400~~21371% ~~644~~638,~~649~~942,~~000~~614.0034 2,~~800~~776,~~999~~052.9148 0.00 0.00 B-1 14,553,000.00 5.~~17000~~16929% 14,~~553~~550,~~000~~446.0018 62,~~699~~679.1856 0.00 0.00 B-2 14,554,000.00 5.~~17000~~16929% 14,~~554~~551,~~000~~446.00 62,~~703~~683.4887 0.00 0.00 B-3 7,277,000.00 5.~~17000~~16929% 7,~~277~~275,~~000~~723.00 31,~~351~~341.7494 0.00 0.00 B-4 6,469,000.00 5.~~17000~~16929% 6,~~469~~467,~~000~~864.0079 27,~~870~~861.6189 0.00 0.00 B-5 6,468,000.00 5.~~17000~~16929% 6,~~468~~466,~~000~~864.0097 27,~~866~~857.3058 0.00 0.00 B-6 4,851,000.00 5.~~17000~~16929% 4,~~851~~850,~~000~~148.0073 20,~~899~~893.7319 0.00 0.00 B-7 4,042,000.00 5.~~17000~~16929% 4,~~042~~041,~~000~~290.0069 17,~~414~~408.2884 0.00 0.00 B-8 2,426,000.00 5.~~17000~~16929% 2,~~426~~425,~~000~~574.0027 10,~~452~~448.0275 0.00 0.00 B-9 6,469,000.00 5.~~17000~~16929% 6,~~469~~467,~~000~~864.0079 27,~~870~~861.6189 0.00 0.00 B-10 6,468,000.00 5.~~17000~~16929% 6,~~468~~466,~~000~~864.0097 27,~~866~~857.3058 0.00 0.00 B-11 5,660,000.00 5.~~17000~~16929% 5,~~660~~659,~~000~~006.0076 24,~~385~~377.1754 0.00 0.00 B-12 4,046,221.00 5.~~17000~~16929% 4,~~046~~045,~~221~~510.0095 17,~~432~~427.4702 0.00 0.00 R-I 50.00 65.~~62831~~34621% 500.00 0.2800 0.00 0.00 R-II 50.00 65.~~62831~~34621% 500.00 0.2800 0.00 0.00 R-III 50.00 65.~~62831~~34621% 500.00 0.2800 0.00 0.00 Totals 1,617,125,371.00 6,~~967~~918,~~367~~898.8532 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 1,~~414~~407,~~112~~556.0057 0.00 ~~315~~307,~~771~~266,~~807~~473.7326 II-A-1 0.00 0.00 ~~659~~645,~~531~~803.8498 0.00 ~~168~~165,~~767~~943,~~448~~782.3499 II-A-2 0.00 0.00 116,972.29 0.00 30,735,000.00 II-A-3 0.00 0.00 243,704.25 0.00 65,718,000.00 II-X-1 0.00 0.00 8,~~561~~409.0963 0.00 96,453,000.00 III-A-1 0.00 0.00 1,~~364~~361,~~673~~699.7447 0.00 ~~302~~297,~~689~~955,~~481~~129.7407 IV-A-1 0.00 0.00 2,~~800~~776,~~999~~052.9148 0.00 ~~638~~632,~~942~~251,~~614~~585.3473 B-1 0.00 0.00 62,~~699~~679.1856 0.00 14,~~550~~547,~~446~~772.1875 B-2 0.00 0.00 62,~~703~~683.4887 0.00 14,~~551~~548,~~446~~772.0039 B-3 0.00 0.00 31,~~351~~341.7494 0.00 7,~~275~~274,~~723~~386.0020 B-4 0.00 0.00 27,~~870~~861.6189 0.00 6,~~467~~466,~~864~~676.7942 B-5 0.00 0.00 27,~~866~~857.3058 0.00 6,~~466~~465,~~864~~676.9778 B-6 0.00 0.00 20,~~899~~893.7319 0.00 4,~~850~~849,~~148~~257.7358 B-7 0.00 0.00 17,~~414~~408.2884 0.00 4,~~041~~040,~~290~~548.6917 B-8 0.00 0.00 10,~~452~~448.0275 0.00 2,425,~~574~~128.2761 B-9 0.00 0.00 27,~~870~~861.6189 0.00 6,~~467~~466,~~864~~676.7942 B-10 0.00 0.00 27,~~866~~857.3058 0.00 6,~~466~~465,~~864~~676.9778 B-11 0.00 0.00 24,~~385~~377.1754 0.00 5,~~659~~657,~~006~~967.7600 B-12 0.00 0.00 17,~~432~~427.4702 0.00 4,~~045~~044,~~510~~767.9565 R-I 0.00 0.00 0.2800 0.00 0.00 R-II 0.00 0.00 0.2800 0.00 0.00 R-III 0.00 0.00 0.2800 0.00 0.00 Totals 0.00 0.00 6,~~967~~918,~~367~~898.8532 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-1 317,184,000.00 5.~~35000~~34901% ~~1000~~995.~~00000000~~54771908 4.~~45833333~~43766574 0.00000000 0.00000000 II-A-1 172,239,000.00 4.~~59500~~59191% ~~1000~~979.~~00000000~~84456679 3.~~82916668~~74946429 0.00000000 0.00000000 II-A-2 30,735,000.00 4.56700% 1000.00000000 3.80583341 0.00000000 0.00000000 II-A-3 65,718,000.00 4.45000% 1000.00000000 3.70833333 0.00000000 0.00000000 II-X-1 0.00 0.~~10651~~10463% 1000.00000000 0.~~08875919~~08718889 0.00000000 0.00000000 III-A-1 303,317,000.00 5.~~39900~~39840% ~~1000~~997.~~00000000~~93114708 4.~~49916668~~48936087 0.00000000 0.00000000 IV-A-1 644,649,000.00 5.~~21400~~21371% ~~1000~~991.~~00000000~~14807335 4.~~34500001~~30630076 0.00000000 0.00000000 B-1 14,553,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451591 4.~~30833368~~30698550 0.00000000 0.00000000 B-2 14,554,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451560 4.~~30833310~~30698571 0.00000000 0.00000000 B-3 7,277,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451560 4.~~30833310~~30698640 0.00000000 0.00000000 B-4 6,469,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451538 4.~~30833359~~30698562 0.00000000 0.00000000 B-5 6,468,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451608 4.~~30833333~~30698516 0.00000000 0.00000000 B-6 4,851,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451659 4.~~30833436~~30698619 0.00000000 0.00000000 B-7 4,042,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451509 4.~~30833251~~30698664 0.00000000 0.00000000 B-8 2,426,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451360 4.~~30833471~~30698681 0.00000000 0.00000000 B-9 6,469,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451538 4.~~30833359~~30698562 0.00000000 0.00000000 B-10 6,468,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451608 4.~~30833333~~30698516 0.00000000 0.00000000 B-11 5,660,000.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451590 4.~~30833392~~30698587 0.00000000 0.00000000 B-12 4,046,221.00 5.~~17000~~16929% ~~1000~~999.~~00000000~~82451527 4.~~30833363~~30698669 0.00000000 0.00000000 R-I 50.00 65.~~62831~~34621% ~~1000~~0.00000000 50.~~60000000~~00000000 0.00000000 0.00000000 R-II 50.00 65.~~62831~~34621% ~~1000~~0.00000000 50.~~60000000~~00000000 0.00000000 0.00000000 R-III 50.00 65.~~62831~~34621% ~~1000~~0.00000000 50.~~60000000~~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 4.~~45833333~~43766574 0.00000000 ~~995~~968.~~54771908~~73257560 II-A-1 0.00000000 0.00000000 3.~~82916668~~74946429 0.00000000 ~~979~~963.~~84456679~~45068765 II-A-2 0.00000000 0.00000000 3.80583341 0.00000000 1000.00000000 II-A-3 0.00000000 0.00000000 3.70833333 0.00000000 1000.00000000 II-X-1 0.00000000 0.00000000 0.~~08875919~~08718889 0.00000000 1000.00000000 III-A-1 0.00000000 0.00000000 4.~~49916668~~48936087 0.00000000 ~~997~~982.~~93114708~~32255057 IV-A-1 0.00000000 0.00000000 4.~~34500001~~30630076 0.00000000 ~~991~~980.~~14807335~~76873730 B-1 0.00000000 0.00000000 4.~~30833368~~30698550 0.00000000 999.~~82451591~~64081289 B-2 0.00000000 0.00000000 4.~~30833310~~30698571 0.00000000 999.~~82451560~~64081283 B-3 0.00000000 0.00000000 4.~~30833310~~30698640 0.00000000 999.~~82451560~~64081352 B-4 0.00000000 0.00000000 4.~~30833359~~30698562 0.00000000 999.~~82451538~~64081311 B-5 0.00000000 0.00000000 4.~~30833333~~30698516 0.00000000 999.~~82451608~~64081323 B-6 0.00000000 0.00000000 4.~~30833436~~30698619 0.00000000 999.~~82451659~~64081220 B-7 0.00000000 0.00000000 4.~~30833251~~30698664 0.00000000 999.~~82451509~~64081395 B-8 0.00000000 0.00000000 4.~~30833471~~30698681 0.00000000 999.~~82451360~~64081204 B-9 0.00000000 0.00000000 4.~~30833359~~30698562 0.00000000 999.~~82451538~~64081311 B-10 0.00000000 0.00000000 4.~~30833333~~30698516 0.00000000 999.~~82451608~~64081323 B-11 0.00000000 0.00000000 4.~~30833392~~30698587 0.00000000 999.~~82451590~~64081272 B-12 0.00000000 0.00000000 4.~~30833363~~30698669 0.00000000 999.~~82451527~~64081300 R-I 0.00000000 0.00000000 50.~~60000000~~00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 50.~~60000000~~00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 50.~~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 1830,~~503~~018,~~742~~481.4300 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2844,~~687~~863.8329 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1830,~~532~~063,~~430~~344.2629 Withdrawals Reimbursement for Servicer Advances 028,687.0083 Payment of Service Fee ~~332~~346,~~580~~077.3971 Payment of Interest and Principal 1829,~~199~~688,~~849~~578.8775 Total Withdrawals (Pool Distribution Amount) 1830,~~532~~063,~~430~~344.2629 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~331~~344,~~097~~595.6912 Miscellaneous Fee 1,482.7059 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~332~~346,~~580~~077.3971

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 01 0 0 01 0596,000.00 0.00 0.00 0596,000.00 30 Days 1315 0 0 0 1315 49,~~993~~729,~~400~~472.9676 0.00 0.00 0.00 49,~~993~~729,~~400~~472.9676 60 Days 21 0 0 0 2 1 403,~~150,000~~267.0075 0.00 0.00 0.00 1403,~~150,000~~267.0075 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 1516 01 0 0 1517 610,~~143~~132,~~400~~740.9651 0596,000.00 0.00 0.00 610,~~143~~728,~~400~~740.9651 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~~029070% 0.000000% 0.000000% 0.~~000000~~029070% 0.~~000000~~037642% 0.000000% 0.000000% 0.~~000000~~037642% 30 Days 0.~~373456~~436047% 0.000000% 0.000000% 0.000000% 0.~~373456~~436047% 0.~~310900~~614488% 0.000000% 0.000000% 0.000000% 0.~~310900~~614488% 60 Days 0.~~057455~~029070% 0.000000% 0.000000% 0.000000% 0.~~057455~~029070% 0.~~071602~~025469% 0.000000% 0.000000% 0.000000% 0.~~071602~~025469% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~430911~~465116% 0.~~000000~~029070% 0.000000% 0.000000% 0.~~430911~~494186% 0.~~382502~~639957% 0.~~000000~~037642% 0.000000% 0.000000% 0.~~382502~~677599%

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 25 0 0 0 25 ~~267~~1,~~900~~988,780.0031 0.00 0.00 0.00 ~~267~~1,~~900~~988,780.0031 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 25 0 0 0 25 ~~267~~1,~~900~~988,780.0031 0.00 0.00 0.00 ~~267~~1,~~900~~988,780.0031 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~250000~~636943% 0.000000% 0.000000% 0.000000% 0.~~250000~~636943% 0.~~080446~~612842% 0.000000% 0.000000% 0.000000% 0.~~080446~~612842% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~250000~~636943% 0.000000% 0.000000% 0.000000% 0.~~250000~~636943% 0.~~080446~~612842% 0.000000% 0.000000% 0.000000% 0.~~080446~~612842% 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 01 0 0 01 0596,000.00 0.00 0.00 0596,000.00 30 Days 52 0 0 0 52 1642,~~448,107~~925.1600 0.00 0.00 0.00 1642,~~448,107~~925.1600 60 Days 01 0 0 0 01 0403,267.0075 0.00 0.00 0.00 0403,267.0075 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 53 01 0 0 54 1,~~448~~046,~~107~~192.1675 0596,000.00 0.00 0.00 1,~~448~~642,~~107~~192.1675 0-29 Days 0.~~000000~~131926% 0.000000% 0.000000% 0.~~000000~~131926% 0.~~000000~~215147% 0.000000% 0.000000% 0.~~000000~~215147% 30 Days 0.~~651890~~263852% 0.000000% 0.000000% 0.000000% 0.~~651890~~263852% 0.~~517463~~232086% 0.000000% 0.000000% 0.000000% 0.~~517463~~232086% 60 Days 0.~~000000~~131926% 0.000000% 0.000000% 0.000000% 0.~~000000~~131926% 0.~~000000~~145573% 0.000000% 0.000000% 0.000000% 0.~~000000~~145573% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~651890~~395778% 0.~~000000~~131926% 0.000000% 0.000000% 0.~~651890~~527704% 0.~~517463~~377659% 0.~~000000~~215147% 0.000000% 0.000000% 0.~~517463~~592806% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 13 0 0 0 13 ~~400~~4,276,000.00 0.00 0.00 0.00 ~~400~~4,276,000.00 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 13 0 0 0 13 ~~400~~4,276,000.00 0.00 0.00 0.00 ~~400~~4,276,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~162338~~491803% 0.000000% 0.000000% 0.000000% 0.~~162338~~491803% 01.~~125314~~359774% 0.000000% 0.000000% 0.000000% 01.~~125314~~359774% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~162338~~491803% 0.000000% 0.000000% 0.000000% 0.~~162338~~491803% 01.~~125314~~359774% 0.000000% 0.000000% 0.000000% 01.~~125314~~359774% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 5 0 0 0 5 2,~~877~~821,~~393~~767.8045 0.00 0.00 0.00 2,~~877~~821,~~393~~767.8045 60 Days 20 0 0 0 20 ~~1,150,000~~0.00 0.00 0.00 0.00 ~~1,150,000~~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 75 0 0 0 75 42,~~027~~821,~~393~~767.8045 0.00 0.00 0.00 42,~~027~~821,~~393~~767.8045 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~385208~~388500% 0.000000% 0.000000% 0.000000% 0.~~385208~~388500% 0.~~426884~~422835% 0.000000% 0.000000% 0.000000% 0.~~426884~~422835% 60 Days 0.~~154083~~000000% 0.000000% 0.000000% 0.000000% 0.~~154083~~000000% 0.~~170612~~000000% 0.000000% 0.000000% 0.000000% 0.~~170612~~000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~539291~~388500% 0.000000% 0.000000% 0.000000% 0.~~539291~~388500% 0.~~597496~~422835% 0.000000% 0.000000% 0.000000% 0.~~597496~~422835%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2844,~~687~~863.8329

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. Group 3 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 4 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. Group 3 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 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~164431~~428738% Weighted Average Net Coupon 45.~~918737~~171240% Weighted Average Pass-Through Rate 45.~~917637~~170132% Weighted Average Maturity(Stepdown Calculation) ~~357~~356 Beginning Scheduled Collateral Loan Count 3,~~501~~481 Number Of Loans Paid In Full 2041 Ending Scheduled Collateral Loan Count 3,~~481~~440 Beginning Scheduled Collateral Balance 1,~~617~~605,~~125~~892,~~371~~958.0038 Ending Scheduled Collateral Balance 1,~~605~~583,~~892~~123,~~958~~277.3895 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 1,~~606~~583,~~110~~346,~~148~~550.1464 Monthly P&I Constant 7,~~243~~560,~~394~~001.3062 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~283~~295,~~784~~024.6266 Unscheduled Principal 1022,~~948~~474,~~628~~655.1477

Miscellaneous Reporting Average Loss Severity Group 1 0.00 Average Loss Severity Group 2 0.00 Average Loss Severity Group 3 0.00 Average Loss Severity Group 4 0.00 Senior Percentage Group 1 94.~~850000~~828621% Senior Percentage Group 2 94.~~850000~~786866% Senior Percentage Group 3 94.~~850000~~840662% Senior Percentage Group 4 94.~~850000~~807346% Senior Prepay Percentage Group 1 100.000000% Senior Prepay Percentage Group 2 100.000000% Senior Prepay Percentage Group 3 100.000000% Senior Prepay Percentage Group 4 100.000000% Subordinate Percentage Group 1 5.~~150000~~171379% Subordinate Percentage Group 2 5.~~150000~~213134% Subordinate Percentage Group 3 5.~~150000~~159338% Subordinate Percentage Group 4 5.~~150000~~192654% Subordinate Prepay Percentage Group 1 0.000000% Subordinate Prepay Percentage Group 2 0.000000% Subordinate Prepay Percentage Group 3 0.000000% Subordinate Prepay Percentage Group 4 0.000000%

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~324674~~632637 4.~~844656~~841910 45.~~641852~~655134 Weighted Average Net Rate 5.~~058929~~353049 4.~~594656~~591910 45.~~431583~~399768 Weighted Average Maturity ~~358~~357 ~~355~~354 ~~359~~358 Beginning Loan Count ~~804~~800 ~~776~~767 616 Loans Paid In Full 415 9 06 Ending Loan Count ~~800~~785 ~~767~~758 ~~616~~610 Beginning Scheduled Balance ~~334~~332,~~406~~992,~~472~~092.4873 ~~283~~279,~~281~~807,~~429~~173.9576 319,~~786~~155,~~170~~811.3985 Ending Scheduled Balance ~~332~~324,~~992~~484,~~092~~551.7374 ~~279~~276,~~807~~980,~~173~~846.7694 ~~319~~314,~~155~~418,~~811~~104.8587 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 1,~~523~~605,~~400~~687.4860 1,~~196~~180,~~182~~054.8108 1,~~292~~569,~~151~~071.1572 Scheduled Principal 3942,~~562~~667.6591 5251,~~515~~053.2011 5565,~~151~~014.1034 Unscheduled Principal 18,~~374~~464,~~817~~873.1008 32,~~421~~775,~~740~~273.9971 ~~575~~4,~~207~~672,692.4464 Scheduled Interest 1,~~483~~563,~~837~~019.8369 1,~~143~~129,~~667~~000.6197 1,~~237~~504,~~000~~057.0538 Servicing Fees 7477,~~055~~583.6696 5958,~~016~~293.9616 5667,~~034~~917.3794 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 1,119.3928 0.00 363.31 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,~~408~~484,~~662~~316.7845 1,~~084~~070,~~650~~707.6581 1,~~180~~435,~~602~~776.3713 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.~~054912~~349015 4.~~594656~~591910 45.~~430219~~398402

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~464751~~464419 5.~~164431~~428738 Weighted Average Net Rate 5.~~214050~~213713 45.~~918737~~171240 Weighted Average Maturity ~~357~~356 ~~357~~356 Beginning Loan Count 1,~~305~~298 3,~~501~~481 Loans Paid In Full 711 2041 Ending Loan Count 1,~~298~~287 3,~~481~~440 Beginning Scheduled Balance ~~679~~673,~~651~~937,~~298~~880.3204 1,~~617~~605,~~125~~892,~~371~~958.1438 Ending scheduled Balance ~~673~~667,~~937~~239,~~880~~774.0440 1,~~605~~583,~~892~~123,~~958~~277.3895 Record Date 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 3,~~231~~205,~~659~~188.8622 7,~~243~~560,~~394~~001.3062 Scheduled Principal 136,~~555~~289.6730 ~~283~~295,~~784~~024.6266 Unscheduled Principal 56,~~576~~561,~~862~~816.6134 1022,~~948~~474,~~628~~655.1477 Scheduled Interest 3,~~095~~068,~~104~~898.1992 67,~~959~~264,~~609~~976.6896 Servicing Fees ~~141~~140,~~990~~800.7006 ~~331~~344,~~097~~595.6912 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 1,482.7059 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 2,~~953~~928,~~113~~098.4986 6,~~627~~918,~~029~~899.2925 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~214050~~213713 45.~~917637~~170132

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 1 415 ~~933~~7,~~024~~190,674.00 ~~932~~7,~~972~~038,359.8061 0 0.00 0.00 Group 2 9 32,~~390~~751,~~286~~986.00 32,~~386~~740,~~216~~096.1207 0 0.00 0.00 Group 3 06 04,531,000.00 04,526,550.0032 0 0.00 0.00 Group 4 711 45,~~564~~930,~~280~~350.00 45,~~562~~926,~~105~~329.2859 0 0.00 0.00 Total 2041 820,~~887~~404,~~590~~010.00 820,~~881~~231,~~294~~335.2059 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 ~~441~~1,~~844~~427,834.3029 Group 2 0 0.00 0.00 0 0.00 0.00 3635,~~969~~818.5310 Group 3 0 0.00 0.00 0 0.00 0.00 ~~575~~149,~~207~~560.4468 Group 4 0 0.00 0.00 0 0.00 0.00 1636,~~015,751~~553.4829 Total 0 0.00 0.00 0 0.00 0.00 2,~~069~~249,~~772~~766.7536

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 ~~0022651848~~0009225595 CA 70.00 01-Jul-2005 1,785,000.00 1,635,000.00 Group 1 0022697247 FL 100.00 01-Jun-2005 214,900.00 214,900.00 Group 1 0022701163 GA 79.98 01-Jun-2005 ~~147~~319,~~100~~650.00 ~~147~~319,~~100~~650.00 Group 1 ~~0022714125~~0022706949 FL 79.3398 01-Jun-2005 ~~192~~138,~~000~~300.00 ~~192~~138,~~000~~300.00 Group 1 ~~0024033268~~0022708176 FL 9580.00 01-Jun-2005 ~~218~~92,~~400~~000.00 ~~218~~92,~~400~~000.00 Group 1 ~~0081324134~~0048551604 AZCA 80.00 01-~~May~~Jul-2005 ~~375~~379,~~524~~420.00 ~~375~~379,~~472~~420.00 Group 1 0083476739 FL 80.00 01-Jul-2005 370,800.00 370,005.34 Group 21 ~~0039723697~~0084811125 DCVA 80.00 01-~~Apr~~Jul-2005 ~~202~~367,800.00 367,800.00 Group 1 0087590979 CA 78.44 01-Jul-2005 553,000.00 552,000.00 Group 1 0088766154 MA 80.00 01-Jul-2005 462,320.00 ~~201~~461,~~295~~521.7466 Group 21 ~~0043990928~~0092705276 MD 66.98 01-Jul-2005 405,680.00 405,680.00 Group 1 0099793841 FL 80.00 01-~~May~~Jul-2005 ~~162~~472,~~890~~000.00 ~~162~~472,~~890~~000.00 Group 21 ~~0044376267~~0100436299 DCCA 60.34 01-Jul-2005 700,000.00 700,000.00 Group 1 0101782234 CA 80.00 01-~~May~~Jul-2005 ~~477~~465,~~340~~804.00 ~~475~~465,~~728~~804.1500 Group 1 0102248143 CA 60.72 01-Jul-2005 464,000.00 462,957.79 Group 2 ~~0048165385~~0037414729 FLMN 80.00 01-Apr-2005 ~~380~~305,~~000~~742.00 ~~380~~305,742.00 Group 2 0038711115 IL 52.24 01-May-2004 444,000.00 431,734.49 Group 2 ~~0048550727~~0046720116 FLMD 6780.5600 01-Apr-2005 ~~250~~182,~~000~~224.00 ~~250~~182,~~000~~224.00 Group 2 ~~0048609358~~0046961215 MOOR 80.00 01-Apr-2005 ~~520~~324,~~151~~600.00 ~~517~~324,~~577~~600.1100 Group 2 ~~0140489824~~0048388367 MDNV 9475.9100 01-~~Dec~~Jan-~~2004~~2005 ~~261~~487,500.00 487,500.00 Group 2 0048909741 NJ 80.00 01-May-2005 472,000.00 ~~260~~472,~~695~~000.4600 Group 2 ~~0140617754~~0049517766 CASC 80.00 01-~~Dec~~May-~~2004~~2005 ~~412~~90,~~835~~320.00 ~~412~~90,~~835~~055.12 Group 2 0141203349 VA 80.00 01-Jan-2005 282,400.00 282,400.00 Group 2 ~~0140763558~~0141371047 FL 80.00 01-Mar-2005 163,200.00 163,200.00 Group 3 0092716333 WA 78.48 01-Jul-2005 412,000.00 411,137.64 Group 3 0093133817 CA 75.87 01-Jun-2005 472,000.00 470,952.86 Group 3 0099750902 WA 80.00 01-~~Dec~~Jul-~~2004~~2005 ~~723~~528,~~750~~000.00 ~~723~~528,~~750~~000.00 Group 43 ~~0051211225~~0101348596 CA 5269.6366 01-~~Apr~~Jul-2005 1,219,000.00 1,216,387.51 Group 3 0101778666 CA 68.54 01-Jul-2005 1,525,000.00 1,521,653.95 Group 3 0101870586 CA 56.81 01-Jul-2005 375,000.00 375,000.00 Group 4 ~~0052253754~~0051528388 CA 57.3165 01-May-2005 ~~900~~553,550.00 553,550.00 Group 4 0051694354 CA 66.38 01-May-2005 597,500.00 597,500.00 Group 4 0051793073 AL 80.00 01-May-2005 192,000.00 ~~897~~192,~~031~~000.1300 Group 4 ~~0142755925~~0052011699 CA 7745.6291 01-May-2005 ~~524~~1,125,000.00 ~~524~~1,125,000.00 Group 4 ~~0142934421~~0142560945 FLAZ 80.00 01-May-2005 ~~415~~380,~~200~~000.00 ~~415~~380,~~200~~000.00 Group 4 ~~0143017929~~0142807304 MDCA 6580.1500 01-May-2005 ~~200~~132,800.00 132,800.00 Group 4 0142856202 CA 75.00 01-May-2005 517,500.00 517,500.00 Group 4 0142877042 CA 49.00 01-May-2005 980,000.00 ~~200~~974,913.05 Group 4 0142906296 CA 58.11 01-May-2005 340,000.00 340,000.00 Group 4 ~~0143345361~~0142938463 CA 80.00 01-May-2005 ~~560~~780,~~080~~000.00 ~~559~~780,~~880~~000.00 Group 4 ~~0143369007~~0143093276 ILVA 7680.2700 01-May-2005 ~~965~~332,000.00 ~~965~~332,000.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 ~~0022651848~~0009225595 Loan Paid in Full 0 56.250% 360 1 Group 1 0022697247 Loan Paid in Full 0 6.875% 360 2 Group 1 0022701163 Loan Paid in Full 0 5.750% 360 2 Group 1 ~~0022714125~~0022706949 Loan Paid in Full 0 5.~~375~~750% 360 2 Group 1 0022708176 Loan Paid in Full 0 6.750% 360 2 Group 1 ~~0024033268~~0048551604 Loan Paid in Full 0 5.750% 360 1 Group 1 0083476739 Loan Paid in Full 0 5.625% 360 1 Group 1 0084811125 Loan Paid in Full 0 6.125% 360 1 Group 1 0087590979 Loan Paid in Full (1) 5.625% 360 1 Group 1 0088766154 Loan Paid in Full 0 6.750% 360 1 Group 1 0092705276 Loan Paid in Full 0 6.000% 360 1 Group 1 ~~0081324134~~0099793841 Loan Paid in Full 0 5.~~875~~750% 360 21 Group 21 ~~0039723697~~0100436299 Loan Paid in Full 0 45.~~750~~625% 360 31 Group 21 ~~0043990928~~0101782234 Loan Paid in Full 0 5.750% 360 1 Group 1 0102248143 Loan Paid in Full (1) 5.375% 360 1 Group 2 0037414729 Loan Paid in Full 0 4.625% 360 4 Group 2 ~~0044376267~~0038711115 Loan Paid in Full 0 54.375% 360 15 Group 2 0046720116 Loan Paid in Full 0 5.500% 360 4 Group 2 ~~0048165385~~0046961215 Loan Paid in Full 0 4.875% 360 34 Group 2 ~~0048550727~~0048388367 Loan Paid in Full 0 45.~~750~~125% 360 37 Group 2 ~~0048609358~~0048909741 Loan Paid in Full 0 45.~~875~~250% 360 3 Group 2 ~~0140489824~~0049517766 Loan Paid in Full 0 5.~~250~~625% 360 3 Group 2 0141203349 Loan Paid in Full 0 4.625% 360 7 Group 2 ~~0140617754~~0141371047 Loan Paid in Full 0 5.000% 360 75 Group 3 0092716333 Loan Paid in Full (1) 5.750% 360 1 Group 3 0093133817 Loan Paid in Full 0 5.875% 360 2 ~~0140763558~~Group 3 0099750902 Loan Paid in Full 0 6.500% 360 1 Group 3 0101348596 Loan Paid in Full 0 5.~~250~~625% 360 71 Group 3 0101778666 Loan Paid in Full 0 5.500% 360 1 Group 3 0101870586 Loan Paid in Full 0 6.125% 360 1 Group 4 ~~0051211225~~0051528388 Loan Paid in Full 0 5.500% 360 3 Group 4 0051694354 Loan Paid in Full 0 5.375% 360 3 Group 4 ~~0052253754~~0051793073 Loan Paid in Full 0 5.~~500~~875% 360 23 Group 4 ~~0142755925~~0052011699 Loan Paid in Full 0 5.~~500~~625% 360 23 Group 4 ~~0142934421~~0142560945 Loan Paid in Full 0 5.750% 360 23 Group 4 ~~0143017929~~0142807304 Loan Paid in Full 0 5.~~500~~625% 360 23 Group 4 ~~0143345361~~0142856202 Loan Paid in Full 0 5.625% 360 23 Group 4 ~~0143369007~~0142877042 Loan Paid in Full 0 5.~~500~~625% 360 23 Group 4 0142906296 Loan Paid in Full 0 5.375% 360 3 Group 4 0142938463 Loan Paid in Full 0 5.375% 360 3 Group 4 0143093276 Loan Paid in Full 0 5.625% 360 3

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 01.~~677~~400% Current Month 715.~~830~~563% Current Month 2,~~149~~751.~~327~~281% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 7.830% N/A Jul-2005 2,149.327% N/A Aug-2005 15.563% N/A Aug-2005 2,751.281% 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 02.~~411~~542% Current Month 426.~~824~~584% Current Month 48,~~560~~642.~~579~~087% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 4.824% N/A Jul-2005 4,560.579% N/A Aug-2005 26.584% N/A Aug-2005 8,642.087% 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 10.~~208~~992% Current Month 1311.~~572~~276% Current Month 1,~~570~~062.~~819~~028% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 13.572% N/A Jul-2005 1,570.819% N/A Aug-2005 11.276% N/A Aug-2005 1,062.028% 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 3 SMM CPR PSA Current Month 01.~~180~~464% Current Month 216.~~138~~224% Current Month 25,~~678~~780.~~282~~228% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 2.138% N/A Jul-2005 2,678.282% N/A Aug-2005 16.224% N/A Aug-2005 5,780.228% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 4 SMM CPR PSA Current Month 0.~~821~~974% Current Month 911.~~416~~080% Current Month 21,~~245~~788.~~647~~620% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 9.416% N/A Jul-2005 2,245.647% N/A Aug-2005 11.080% N/A Aug-2005 1,788.620% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 3 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 4 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Filing Compare · Bear Stearns ARM Trust 2005-4