8-K 1 abs05he3_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 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-122372-02 Pooling and Servicing Agreement) (Commission 54-2173084 (State or other File Number) 54-2173085 jurisdiction 54-2173086 of Incorporation) 54-2173087 54-2173088 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 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates , Series 2005-HE3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE3 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. ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE3 Trust, relating to the August 25, 2005 distribution. EX-99.1

Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Series 2005-HE3 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 R 04541GRH7 RES 0.00000% 0.00 0.00 A1 04541GQN5 SEN 3.~~54438~~69000% ~~253~~244,~~898~~590,~~261~~108.5036 ~~699~~777,~~931~~185.4907 A2A 04541GQP0 SEN 3.~~52438~~67000% 1817,~~158~~125,~~068~~766.7298 4954,~~774~~122.6218 A2B 04541GQQ8 SEN 3.~~62438~~77000% 10,000,000.00 2832,~~189~~463.6289 A3 04541GQR6 SEN 3.~~39438~~54000% ~~130~~117,~~764~~737,~~996~~597.9180 ~~345~~358,~~229~~903.1844 A4 04541GQS4 SEN 3.~~51438~~66000% 145,900,000.00 ~~398~~459,~~804~~828.0317 A5 04541GQT2 SEN 3.~~62438~~77000% 31,247,000.00 88101,~~084~~439.1191 M1 04541GQU9 MEZ 3.~~73438~~88000% 30,571,000.00 88102,~~794~~141.0111 M2 04541GQV7 MEZ 3.~~75438~~90000% 24,300,000.00 7081,~~957~~607.7850 M3 04541GQW5 MEZ 3.~~78438~~93000% 14,894,000.00 4350,~~839~~403.1078 M4 04541GQX3 MEZ 34.~~94438~~09000% 14,110,000.00 4349,~~287~~694.3864 M5 04541GQY1 MEZ 34.~~98438~~13000% 12,150,000.00 3743,~~652~~210.3913 M6 04541GQZ8 MEZ 4.~~03438~~18000% 12,150,000.00 3843,~~124~~733.8925 M7 04541GRA2 MEZ 4.~~53438~~68000% 10,974,000.00 3844,~~702~~225.4422 M8 04541GRB0 MEZ 4.~~61438~~76000% 9,015,000.00 3236,~~354~~951.4948 M9 04541GRC8 MEZ 5.~~16438~~31000% 7,055,000.00 2832,~~338~~258.1099 M10 04541GRD6 MEZ 5.~~81438~~96000% 5,487,000.00 2428,~~813~~160.8450 M11 04541GRE4 MEZ 6.~~31438~~46000% 7,839,000.00 3843,~~498~~606.7761 X 04541GRF1 SEN-OC 0.00000% 15,285,601.13 1,~~949~~572,~~641~~620.9825 P 04541GRG9 SEN 0.00000% 100.00 ~~368~~387,~~240~~552.0228 Totals ~~753~~730,~~799~~431,~~028~~174.2627 4,~~413~~300,~~258~~108.2440

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 0.00 A1 910,~~308~~353,~~153~~884.1482 0.00 ~~244~~234,~~590~~236,~~108~~223.3655 1011,~~008~~131,~~084~~069.6389 0.00 A2A 1,~~032~~148,~~301~~276.7347 0.00 1715,~~125~~977,~~766~~490.9851 1,~~082~~202,~~076~~398.3565 0.00 A2B 0.00 0.00 10,000,000.00 2832,~~189~~463.6289 0.00 A3 1311,~~027~~049,~~399~~921.1152 0.00 ~~117~~106,~~737~~687,~~597~~676.8028 1311,~~372~~408,~~628~~824.2996 0.00 A4 0.00 0.00 145,900,000.00 ~~398~~459,~~804~~828.0317 0.00 A5 0.00 0.00 31,247,000.00 88101,~~084~~439.1191 0.00 M1 0.00 0.00 30,571,000.00 88102,~~794~~141.0111 0.00 M2 0.00 0.00 24,300,000.00 7081,~~957~~607.7850 0.00 M3 0.00 0.00 14,894,000.00 4350,~~839~~403.1078 0.00 M4 0.00 0.00 14,110,000.00 4349,~~287~~694.3864 0.00 M5 0.00 0.00 12,150,000.00 3743,~~652~~210.3913 0.00 M6 0.00 0.00 12,150,000.00 3843,~~124~~733.8925 0.00 M7 0.00 0.00 10,974,000.00 3844,~~702~~225.4422 0.00 M8 0.00 0.00 9,015,000.00 3236,~~354~~951.4948 0.00 M9 0.00 0.00 7,055,000.00 2832,~~338~~258.1099 0.00 M10 0.00 0.00 5,487,000.00 2428,~~813~~160.8450 0.00 M11 0.00 0.00 7,839,000.00 3843,~~498~~606.7761 0.00 X 0.00 0.00 15,285,601.13 1,~~949~~572,~~641~~620.9825 0.00 P 0.00 0.00 100.00 ~~368~~387,~~240~~552.0228 0.00 Totals 2322,~~367~~552,~~853~~082.9881 0.00 ~~730~~707,~~431~~879,~~174~~091.2747 2726,~~781~~852,~~112~~191.2221 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) R 0.00 0.00 0.00 0.00 0.00 0.00 A1 266,900,000.00 ~~253~~244,~~898~~590,~~261~~108.5036 0.00 910,~~308~~353,~~153~~884.1482 0.00 0.00 A2A 19,600,000.00 1817,~~158~~125,~~068~~766.7298 0.00 1,~~032~~148,~~301~~276.7347 0.00 0.00 A2B 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 A3 146,400,000.00 ~~130~~117,~~764~~737,~~996~~597.9180 0.00 1311,~~027~~049,~~399~~921.1152 0.00 0.00 A4 145,900,000.00 145,900,000.00 0.00 0.00 0.00 0.00 A5 31,247,000.00 31,247,000.00 0.00 0.00 0.00 0.00 M1 30,571,000.00 30,571,000.00 0.00 0.00 0.00 0.00 M2 24,300,000.00 24,300,000.00 0.00 0.00 0.00 0.00 M3 14,894,000.00 14,894,000.00 0.00 0.00 0.00 0.00 M4 14,110,000.00 14,110,000.00 0.00 0.00 0.00 0.00 M5 12,150,000.00 12,150,000.00 0.00 0.00 0.00 0.00 M6 12,150,000.00 12,150,000.00 0.00 0.00 0.00 0.00 M7 10,974,000.00 10,974,000.00 0.00 0.00 0.00 0.00 M8 9,015,000.00 9,015,000.00 0.00 0.00 0.00 0.00 M9 7,055,000.00 7,055,000.00 0.00 0.00 0.00 0.00 M10 5,487,000.00 5,487,000.00 0.00 0.00 0.00 0.00 M11 7,839,000.00 7,839,000.00 0.00 0.00 0.00 0.00 X 15,284,880.90 15,285,601.13 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 783,876,980.90 ~~753~~730,~~799~~431,~~028~~174.2627 0.00 2322,~~367~~552,~~853~~082.9881 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 R 0.00 0.00 0.00000000 0.00 A1 910,~~308~~353,~~153~~884.1482 ~~244~~234,~~590~~236,~~108~~223.3655 0.~~91641105~~87761792 910,~~308~~353,~~153~~884.1482 A2A 1,~~032~~148,~~301~~276.7347 1715,~~125~~977,~~766~~490.9851 0.~~87376362~~81517809 1,~~032~~148,~~301~~276.7347 A2B 0.00 10,000,000.00 1.00000000 0.00 A3 1311,~~027~~049,~~399~~921.1152 ~~117~~106,~~737~~687,~~597~~676.8028 0.~~80421856~~72874096 1311,~~027~~049,~~399~~921.1152 A4 0.00 145,900,000.00 1.00000000 0.00 A5 0.00 31,247,000.00 1.00000000 0.00 M1 0.00 30,571,000.00 1.00000000 0.00 M2 0.00 24,300,000.00 1.00000000 0.00 M3 0.00 14,894,000.00 1.00000000 0.00 M4 0.00 14,110,000.00 1.00000000 0.00 M5 0.00 12,150,000.00 1.00000000 0.00 M6 0.00 12,150,000.00 1.00000000 0.00 M7 0.00 10,974,000.00 1.00000000 0.00 M8 0.00 9,015,000.00 1.00000000 0.00 M9 0.00 7,055,000.00 1.00000000 0.00 M10 0.00 5,487,000.00 1.00000000 0.00 M11 0.00 7,839,000.00 1.00000000 0.00 X 0.00 15,285,601.13 1.00004712 0.00 P 0.00 100.00 1.00000000 0.00 Totals 2322,~~367~~552,~~853~~082.9881 ~~730~~707,~~431~~879,~~174~~091.2747 0.~~93181863~~90304870 2322,~~367~~552,~~853~~082.9881

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 266,900,000.00 ~~951~~916.~~28610528~~41104668 0.00000000 3438.~~87505860~~79312409 0.00000000 A2A 19,600,000.00 ~~926~~873.~~43207755~~76362143 0.00000000 5258.~~66845561~~58553418 0.00000000 A2B 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 146,400,000.00 ~~893~~804.~~20353081~~21856421 0.00000000 8875.~~98496660~~47760601 0.00000000 A4 145,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A5 31,247,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 30,571,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 24,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 14,894,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 14,110,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 12,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,150,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 10,974,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 9,015,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 7,055,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 5,487,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M11 7,839,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 15,284,880.90 1000.04712042 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 3438.~~87505860~~79312409 ~~916~~877.~~41104668~~61792263 0.~~91641105~~87761792 3438.~~87505860~~79312409 A2A 0.00000000 5258.~~66845561~~58553418 ~~873~~815.~~76362143~~17808724 0.~~87376362~~81517809 5258.~~66845561~~58553418 A2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 8875.~~98496660~~47760601 ~~804~~728.~~21856421~~74095820 0.~~80421856~~72874096 8875.~~98496660~~47760601 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.04712042 1.00004712 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall R 0.00 0.00000% 0.00 0.00 0.00 0.00 A1 266,900,000.00 3.~~54438~~69000% ~~253~~244,~~898~~590,~~261~~108.5036 ~~699~~777,~~931~~185.4907 0.00 0.00 A2A 19,600,000.00 3.~~52438~~67000% 1817,~~158~~125,~~068~~766.7298 4954,~~774~~122.6218 0.00 0.00 A2B 10,000,000.00 3.~~62438~~77000% 10,000,000.00 2832,~~189~~463.6289 0.00 0.00 A3 146,400,000.00 3.~~39438~~54000% ~~130~~117,~~764~~737,~~996~~597.9180 ~~345~~358,~~229~~903.1844 0.00 0.00 A4 145,900,000.00 3.~~51438~~66000% 145,900,000.00 ~~398~~459,~~804~~828.0317 0.00 0.00 A5 31,247,000.00 3.~~62438~~77000% 31,247,000.00 88101,~~084~~439.1191 0.00 0.00 M1 30,571,000.00 3.~~73438~~88000% 30,571,000.00 88102,~~794~~141.0111 0.00 0.00 M2 24,300,000.00 3.~~75438~~90000% 24,300,000.00 7081,~~957~~607.7850 0.00 0.00 M3 14,894,000.00 3.~~78438~~93000% 14,894,000.00 4350,~~839~~403.1078 0.00 0.00 M4 14,110,000.00 34.~~94438~~09000% 14,110,000.00 4349,~~287~~694.3864 0.00 0.00 M5 12,150,000.00 34.~~98438~~13000% 12,150,000.00 3743,~~652~~210.3913 0.00 0.00 M6 12,150,000.00 4.~~03438~~18000% 12,150,000.00 3843,~~124~~733.8925 0.00 0.00 M7 10,974,000.00 4.~~53438~~68000% 10,974,000.00 3844,~~702~~225.4422 0.00 0.00 M8 9,015,000.00 4.~~61438~~76000% 9,015,000.00 3236,~~354~~951.4948 0.00 0.00 M9 7,055,000.00 5.~~16438~~31000% 7,055,000.00 2832,~~338~~258.1099 0.00 0.00 M10 5,487,000.00 5.~~81438~~96000% 5,487,000.00 2428,~~813~~160.8450 0.00 0.00 M11 7,839,000.00 6.~~31438~~46000% 7,839,000.00 3843,~~498~~606.7761 0.00 0.00 X 15,284,880.90 0.00000% 15,285,601.13 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 783,876,980.90 2,~~095~~339,~~376~~935.2487 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 R 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 ~~699~~777,~~931~~185.4907 0.00 ~~244~~234,~~590~~236,~~108~~223.3655 A2A 0.00 0.00 4954,~~774~~122.6218 0.00 1715,~~125~~977,~~766~~490.9851 A2B 0.00 0.00 2832,~~189~~463.6289 0.00 10,000,000.00 A3 0.00 0.00 ~~345~~358,~~229~~903.1844 0.00 ~~117~~106,~~737~~687,~~597~~676.8028 A4 0.00 0.00 ~~398~~459,~~804~~828.0317 0.00 145,900,000.00 A5 0.00 0.00 88101,~~084~~439.1191 0.00 31,247,000.00 M1 0.00 0.00 88102,~~794~~141.0111 0.00 30,571,000.00 M2 0.00 0.00 7081,~~957~~607.7850 0.00 24,300,000.00 M3 0.00 0.00 4350,~~839~~403.1078 0.00 14,894,000.00 M4 0.00 0.00 4349,~~287~~694.3864 0.00 14,110,000.00 M5 0.00 0.00 3743,~~652~~210.3913 0.00 12,150,000.00 M6 0.00 0.00 3843,~~124~~733.8925 0.00 12,150,000.00 M7 0.00 0.00 3844,~~702~~225.4422 0.00 10,974,000.00 M8 0.00 0.00 3236,~~354~~951.4948 0.00 9,015,000.00 M9 0.00 0.00 2832,~~338~~258.1099 0.00 7,055,000.00 M10 0.00 0.00 2428,~~813~~160.8450 0.00 5,487,000.00 M11 0.00 0.00 3843,~~498~~606.7761 0.00 7,839,000.00 X 0.00 0.00 1,~~949~~572,~~641~~620.9825 0.00 15,285,601.13 P 0.00 0.00 ~~368~~387,~~240~~552.0228 0.00 100.00 Totals 0.00 0.00 4,~~413~~300,~~258~~108.2440 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 266,900,000.00 3.~~54438~~69000% ~~951~~916.~~28610528~~41104668 2.~~62244845~~91189610 0.00000000 0.00000000 A2A 19,600,000.00 3.~~52438~~67000% ~~926~~873.~~43207755~~76362143 2.~~53952143~~76133571 0.00000000 0.00000000 A2B 10,000,000.00 3.~~62438~~77000% 1000.00000000 23.~~81896200~~24638900 0.00000000 0.00000000 A3 146,400,000.00 3.~~39438~~54000% ~~893~~804.~~20353081~~21856421 2.~~35812281~~45152623 0.00000000 0.00000000 A4 145,900,000.00 3.~~51438~~66000% 1000.00000000 23.~~73340665~~15166669 0.00000000 0.00000000 A5 31,247,000.00 3.~~62438~~77000% 1000.00000000 23.~~81896214~~24638877 0.00000000 0.00000000 M1 30,571,000.00 3.~~73438~~88000% 1000.00000000 23.~~90451768~~34111118 0.00000000 0.00000000 M2 24,300,000.00 3.~~75438~~90000% 1000.00000000 23.~~92007325~~35833333 0.00000000 0.00000000 M3 14,894,000.00 3.~~78438~~93000% 1000.00000000 23.~~94340674~~38416678 0.00000000 0.00000000 M4 14,110,000.00 34.~~94438~~09000% 1000.00000000 3.~~06785117~~52194472 0.00000000 0.00000000 M5 12,150,000.00 34.~~98438~~13000% 1000.00000000 3.~~09896214~~55638930 0.00000000 0.00000000 M6 12,150,000.00 4.~~03438~~18000% 1000.00000000 3.~~13785103~~59944444 0.00000000 0.00000000 M7 10,974,000.00 4.~~53438~~68000% 1000.00000000 34.~~52673957~~03000000 0.00000000 0.00000000 M8 9,015,000.00 4.~~61438~~76000% 1000.00000000 34.~~58896173~~09888852 0.00000000 0.00000000 M9 7,055,000.00 5.~~16438~~31000% 1000.00000000 4.~~01673990~~57250035 0.00000000 0.00000000 M10 5,487,000.00 5.~~81438~~96000% 1000.00000000 45.~~52229634~~13222161 0.00000000 0.00000000 M11 7,839,000.00 6.~~31438~~46000% 1000.00000000 45.~~91118382~~56277714 0.00000000 0.00000000 X 15,284,880.90 0.00000% 1000.04712042 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 2.~~62244845~~91189610 0.00000000 ~~916~~877.~~41104668~~61792263 A2A 0.00000000 0.00000000 2.~~53952143~~76133571 0.00000000 ~~873~~815.~~76362143~~17808724 A2B 0.00000000 0.00000000 23.~~81896200~~24638900 0.00000000 1000.00000000 A3 0.00000000 0.00000000 2.~~35812281~~45152623 0.00000000 ~~804~~728.~~21856421~~74095820 A4 0.00000000 0.00000000 23.~~73340665~~15166669 0.00000000 1000.00000000 A5 0.00000000 0.00000000 23.~~81896214~~24638877 0.00000000 1000.00000000 M1 0.00000000 0.00000000 23.~~90451768~~34111118 0.00000000 1000.00000000 M2 0.00000000 0.00000000 23.~~92007325~~35833333 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~94340674~~38416678 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~06785117~~52194472 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~09896214~~55638930 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~13785103~~59944444 0.00000000 1000.00000000 M7 0.00000000 0.00000000 34.~~52673957~~03000000 0.00000000 1000.00000000 M8 0.00000000 0.00000000 34.~~58896173~~09888852 0.00000000 1000.00000000 M9 0.00000000 0.00000000 4.~~01673990~~57250035 0.00000000 1000.00000000 M10 0.00000000 0.00000000 45.~~52229634~~13222161 0.00000000 1000.00000000 M11 0.00000000 0.00000000 45.~~91118382~~56277714 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~127~~102.~~55362588~~88730807 0.00000000 1000.04712042 P 0.00000000 0.00000000 ~~3682400~~3875522.~~20000000~~80000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2726,~~753~~794,~~159~~949.9787 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 ~~368~~387,~~240~~552.0228 Total Deposits 2827,~~121~~182,~~399~~502.9915 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~340~~330,~~287~~310.7794 Payment of Interest and Principal 2726,~~781~~852,~~112~~191.2221 Total Withdrawals (Pool Distribution Amount) 2827,~~121~~182,~~399~~502.9915 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~314~~304,~~082~~346.9432 Strip Fee 2625,~~204~~964.8362 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~340~~330,~~287~~310.7794

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Net WAC Reserve Fund 1,000.00 0619.0053 0619.0053 1,000.00

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 6361 0 0 0 6361 109,~~568~~653,~~922~~228.9398 0.00 0.00 0.00 109,~~568~~653,~~922~~228.9398 60 Days 3641 0 0 0 3641 86,~~909~~882,~~169~~612.4886 0.00 0.00 0.00 86,~~909~~882,~~169~~612.4886 90 Days 2426 0 0 0 2426 36,~~899~~203,~~870~~683.3567 0.00 0.00 0.00 36,~~899~~203,~~870~~683.3567 120 Days 224 0 0 0 224 ~~381~~3,~~781~~897,861.7758 0.00 0.00 0.00 ~~381~~3,~~781~~897,861.7758 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 ~~125~~152 0 0 0 ~~125~~152 2326,~~759~~637,~~744~~387.5309 0.00 0.00 0.00 2326,~~759~~637,~~744~~387.5309 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 1.~~571464~~563702% 0.000000% 0.000000% 0.000000% 1.~~571464~~563702% 1.~~446943~~363683% 0.000000% 0.000000% 0.000000% 1.~~446943~~363683% 60 Days 01.~~897980~~051013% 0.000000% 0.000000% 0.000000% 01.~~897980~~051013% 10.~~219714~~972287% 0.000000% 0.000000% 0.000000% 10.~~219714~~972287% 90 Days 0.~~598653~~666496% 0.000000% 0.000000% 0.000000% 0.~~598653~~666496% 0.~~533913~~876376% 0.000000% 0.000000% 0.000000% 0.~~533913~~876376% 120 Days 0.~~049888~~615227% 0.000000% 0.000000% 0.000000% 0.~~049888~~615227% 0.~~052268~~550639% 0.000000% 0.000000% 0.000000% 0.~~052268~~550639% 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 3.~~117985~~896437% 0.000000% 0.000000% 0.000000% 3.~~117985~~896437% 3.~~252838~~762985% 0.000000% 0.000000% 0.000000% 3.~~252838~~762985%

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 21 0 0 0 21 4658,~~683~~626.8113 0.00 0.00 0.00 4658,~~683~~626.8113 60 Days 32 0 0 0 32 ~~230~~46,~~684~~661.0992 0.00 0.00 0.00 ~~230~~46,~~684~~661.0992 90 Days 23 0 0 0 23 ~~100~~230,~~189~~562.2211 0.00 0.00 0.00 ~~100~~230,~~189~~562.2211 120 Days 02 0 0 0 02 0100,145.0097 0.00 0.00 0.00 0100,145.0097 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 78 0 0 0 78 ~~377~~435,~~557~~996.1213 0.00 0.00 0.00 ~~377~~435,~~557~~996.1213 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~530504~~268097% 0.000000% 0.000000% 0.000000% 0.~~530504~~268097% 0.~~108060~~137405% 0.000000% 0.000000% 0.000000% 0.~~108060~~137405% 60 Days 0.~~795756~~536193% 0.000000% 0.000000% 0.000000% 0.~~795756~~536193% 0.~~533968~~109364% 0.000000% 0.000000% 0.000000% 0.~~533968~~109364% 90 Days 0.~~530504~~804290% 0.000000% 0.000000% 0.000000% 0.~~530504~~804290% 0.~~231910~~540380% 0.000000% 0.000000% 0.000000% 0.~~231910~~540380% 120 Days 0.~~000000~~536193% 0.000000% 0.000000% 0.000000% 0.~~000000~~536193% 0.~~000000~~234717% 0.000000% 0.000000% 0.000000% 0.~~000000~~234717% 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 12.~~856764~~144772% 0.000000% 0.000000% 0.000000% 12.~~856764~~144772% 01.~~873938~~021865% 0.000000% 0.000000% 0.000000% 01.~~873938~~021865% 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 1920 0 0 0 1920 4,~~101~~562,~~208~~102.0189 0.00 0.00 0.00 4,~~101~~562,~~208~~102.0189 60 Days 1014 0 0 0 1014 23,~~964~~018,~~665~~115.6128 0.00 0.00 0.00 23,~~964~~018,~~665~~115.6128 90 Days 46 0 0 0 46 ~~672~~1,~~536~~689,286.2405 0.00 0.00 0.00 ~~672~~1,~~536~~689,286.2405 120 Days 04 0 0 0 04 0672,038.0043 0.00 0.00 0.00 0672,038.0043 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 3344 0 0 0 3344 79,~~738~~941,~~409~~542.8665 0.00 0.00 0.00 79,~~738~~941,~~409~~542.8665 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~304945~~420455% 0.000000% 0.000000% 0.000000% 1.~~304945~~420455% 1.~~336330~~541596% 0.000000% 0.000000% 0.000000% 1.~~336330~~541596% 60 Days 0.~~686813~~994318% 0.000000% 0.000000% 0.000000% 0.~~686813~~994318% 01.~~966001~~019862% 0.000000% 0.000000% 0.000000% 01.~~966001~~019862% 90 Days 0.~~274725~~426136% 0.000000% 0.000000% 0.000000% 0.~~274725~~426136% 0.~~219138~~570832% 0.000000% 0.000000% 0.000000% 0.~~219138~~570832% 120 Days 0.~~000000~~284091% 0.000000% 0.000000% 0.000000% 0.~~000000~~284091% 0.~~000000~~227091% 0.000000% 0.000000% 0.000000% 0.~~000000~~227091% 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 23.~~266484~~125000% 0.000000% 0.000000% 0.000000% 23.~~266484~~125000% 23.~~521470~~359381% 0.000000% 0.000000% 0.000000% 23.~~521470~~359381% 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 22 0 0 0 22 1,~~906~~513,~~781~~345.6874 0.00 0.00 0.00 1,~~906~~513,~~781~~345.6874 60 Days 1012 0 0 0 1012 ~~914~~974,~~649~~880.8623 0.00 0.00 0.00 ~~914~~974,~~649~~880.8623 90 Days 89 0 0 0 89 ~~644~~814,~~149~~739.7063 0.00 0.00 0.00 ~~644~~814,~~149~~739.7063 120 Days 18 0 0 0 18 76643,~~181~~852.7747 0.00 0.00 0.00 76643,~~181~~852.7747 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 4151 0 0 0 4151 3,~~541~~946,~~763~~818.0107 0.00 0.00 0.00 3,~~541~~946,~~763~~818.0107 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~854975~~901469% 0.000000% 0.000000% 0.000000% 1.~~854975~~901469% 21.~~078185~~690676% 0.000000% 0.000000% 0.000000% 21.~~078185~~690676% 60 Days 01.~~843170~~037165% 0.000000% 0.000000% 0.000000% 01.~~843170~~037165% 01.~~996869~~089114% 0.000000% 0.000000% 0.000000% 01.~~996869~~089114% 90 Days 0.~~674536~~777874% 0.000000% 0.000000% 0.000000% 0.~~674536~~777874% 0.~~702053~~910209% 0.000000% 0.000000% 0.000000% 0.~~702053~~910209% 120 Days 0.~~084317~~691443% 0.000000% 0.000000% 0.000000% 0.~~084317~~691443% 0.~~083030~~719298% 0.000000% 0.000000% 0.000000% 0.~~083030~~719298% 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 34.~~456998~~407952% 0.000000% 0.000000% 0.000000% 34.~~456998~~407952% 34.~~860137~~409297% 0.000000% 0.000000% 0.000000% 34.~~860137~~409297% 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 2018 0 0 0 2018 43,~~514~~519,~~249~~154.4322 0.00 0.00 0.00 43,~~514~~519,~~249~~154.4322 60 Days 13 0 0 0 13 42,~~799~~842,~~169~~955.9243 0.00 0.00 0.00 42,~~799~~842,~~169~~955.9243 90 Days 108 0 0 0 108 23,~~482~~469,~~995~~095.1988 0.00 0.00 0.00 23,~~482~~469,~~995~~095.1988 120 Days 110 0 0 0 110 ~~305~~2,~~600~~481,824.0071 0.00 0.00 0.00 ~~305~~2,~~600~~481,824.0071 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 4449 0 0 0 4449 12,~~102~~313,~~014~~030.5424 0.00 0.00 0.00 12,~~102~~313,~~014~~030.5424 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~020202~~869159% 0.000000% 0.000000% 0.000000% 21.~~020202~~869159% 1.~~564317~~257886% 0.000000% 0.000000% 0.000000% 1.~~564317~~257886% 60 Days 1.~~313131~~349948% 0.000000% 0.000000% 0.000000% 1.~~313131~~349948% 1.~~663051~~016186% 0.000000% 0.000000% 0.000000% 1.~~663051~~016186% 90 Days 10.~~010101~~830737% 0.000000% 0.000000% 0.000000% 10.~~010101~~830737% 01.~~860429~~239993% 0.000000% 0.000000% 0.000000% 01.~~860429~~239993% 120 Days 01.~~101010~~038422% 0.000000% 0.000000% 0.000000% 01.~~101010~~038422% 0.~~105899~~887103% 0.000000% 0.000000% 0.000000% 0.~~105899~~887103% 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 45.~~444444~~088266% 0.000000% 0.000000% 0.000000% 45.~~444444~~088266% 4.~~193696~~401168% 0.000000% 0.000000% 0.000000% 4.~~193696~~401168%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~157~~178,~~145~~093.9708

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 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. 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. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 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. 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 Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 6.~~981129~~970459% Weighted Average Net Coupon 6.~~481129~~470459% Weighted Average Pass-Through Rate 6.~~481129~~470459% Weighted Average Maturity(Stepdown Calculation) ~~336~~335 Beginning Scheduled Collateral Loan Count 4,~~126~~009 Number Of Loans Paid In Full ~~117~~108 Ending Scheduled Collateral Loan Count 43,~~009~~901 Beginning Scheduled Collateral Balance ~~753~~730,~~799~~431,~~028~~174.2527 Ending Scheduled Collateral Balance ~~730~~707,~~431~~879,~~174~~091.2746 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~730~~707,~~431~~879,~~174~~091.2746 Monthly P&I Constant 4,~~815~~665,~~517~~733.8336 Special Servicing Fee 0.00 Prepayment Penalties ~~368~~387,~~240~~552.0228 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~430~~422,~~211~~866.0534 Unscheduled Principal 22,~~937~~129,~~642~~216.9347 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 15,285,601.13 Overcollateralized Amount 15,285,601.13 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM and Balloon Mixed ARM and Balloon Mixed ARM and Balloon Weighted Average Coupon Rate 7.~~423346~~410531 6.~~627724~~618219 9.~~151577~~129608 Weighted Average Net Rate 6.~~923346~~910531 6.~~127724~~118219 8.~~651577~~629608 Weighted Average Maturity ~~314~~313 ~~355~~354 ~~220~~219 Beginning Loan Count ~~384~~377 1,~~499~~456 1,~~224~~186 Loans Paid In Full 74 4348 3829 Ending Loan Count ~~377~~373 1,~~456~~408 1,~~186~~157 Beginning Scheduled Balance 4443,~~357~~201,~~894~~840.7184 ~~316~~306,~~085~~900,~~173~~772.02 9491,~~544~~752,~~188~~251.1733 Ending Scheduled Balance 4342,~~201~~666,~~840~~689.8489 ~~306~~295,~~900~~933,~~772~~761.0268 9189,~~752~~511,~~251~~281.3370 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant ~~316~~308,~~548~~238.4539 1,~~946~~888,~~285~~629.9911 ~~780~~756,~~403~~616.0237 Scheduled Principal 4241,~~145~~447.1389 ~~200~~196,~~515~~015.0223 5958,~~379~~564.3663 Unscheduled Principal 1493,~~113,908~~703.7406 810,~~983~~770,~~885~~995.9811 2,~~732~~182,~~557~~405.4800 Scheduled Interest ~~274~~266,~~403~~790.3250 1,~~745~~692,~~770~~613.9788 ~~721~~698,~~023~~051.6674 Servicing Fees 18,~~482~~000.4677 ~~131~~127,~~702~~875.1632 3938,~~393~~230.4110 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~255~~248,~~920~~789.8673 1,~~614~~564,~~068~~738.8156 ~~681~~659,~~630~~821.2564 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~923346~~910531 6.~~127724~~118219 8.~~651577~~629608

Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM and Balloon Fixed Mixed & ARM & Balloon Weighted Average Coupon Rate 6.~~602587~~592686 6.~~981129~~970459 Weighted Average Net Rate 6.~~102587~~092686 6.~~481129~~470459 Weighted Average Maturity ~~355~~354 ~~336~~335 Beginning Loan Count ~~1,019~~990 4,~~126~~009 Loans Paid In Full 2927 ~~117~~108 Ending Loan Count ~~990~~963 43,~~009~~901 Beginning Scheduled Balance ~~298~~288,~~811~~576,~~772~~310.3508 ~~753~~730,~~799~~431,~~028~~174.2527 Ending scheduled Balance ~~288~~279,~~576~~767,~~310~~358.0819 ~~730~~707,~~431~~879,~~174~~091.2746 Record Date 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 1,~~772~~712,~~280~~249.3749 4,~~815~~665,~~517~~733.8336 Scheduled Principal ~~128~~126,~~171~~838.5459 ~~430~~422,~~211~~866.0534 Unscheduled Principal 108,~~107~~682,~~290~~113.7330 22,~~937~~129,~~642~~216.9347 Scheduled Interest 1,~~644~~585,~~108~~410.8390 4,~~385~~242,~~306~~867.7802 Servicing Fees ~~124~~120,~~504~~240.9113 ~~314~~304,~~082~~346.9432 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 0.00 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 1,~~519~~465,~~603~~170.9277 43,~~071~~938,~~223~~520.8470 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 6.~~102587~~092686 6.~~481129~~470459

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance 1 74 1492,~~183,950~~300.00 1490,~~179,674~~365.9744 0 0.00 0.00 2 4348 910,~~069~~794,~~425~~718.00 910,~~040~~758,~~939~~641.4595 0 0.00 0.00 3 3829 2,~~760~~177,~~653~~715.00 2,~~748~~172,~~545~~007.3170 0 0.00 0.00 4 2927 108,~~116~~693,~~018~~950.00 108,~~089~~675,~~441~~214.2783 0 0.00 0.00 Total ~~117~~108 2322,~~130~~158,~~046~~683.00 2322,~~058~~096,~~601~~229.0092 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 ~~(65~~3,~~357~~579.~~31)~~35 2 0 0.00 0.00 0 0.00 0.00 ~~(53~~16,~~656~~989.~~48)~~73 3 0 0.00 0.00 0 0.00 0.00 911,~~638~~110.7845 4 0 0.00 0.00 0 0.00 0.00 189,~~834~~315.8930 Total 0 0.00 0.00 0 0.00 0.00 ~~(90~~40,~~540~~994.~~12)~~83

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 ~~0011098533~~0011094560 CA 20.00 01-~~Feb~~Jan-2005 6763,000.00 6662,~~804~~769.4298 1 ~~0011098728~~0011118874 NJ 8980.4400 01-~~Feb~~Mar-2005 ~~127~~196,~~000~~800.00 ~~126~~195,~~034~~727.8972 1 ~~0011100606~~0011120609 AZVA 2074.0023 01-Feb-2005 28168,~~400~~500.00 28167,~~314~~808.5284 1 ~~0011110547~~0011136423 CAVA 8220.5600 01-~~Feb~~Mar-2005 ~~355~~64,000.00 ~~353~~63,~~652~~817.8217 12 ~~0011110931~~0011086526 CA 7795.5500 01-~~Mar~~Feb-2005 ~~190~~237,~~000~~500.00 ~~189~~237,~~451~~500.0700 12 ~~0011121339~~0011087326 MDCA 8675.2547 01-~~Mar~~Feb-2005 ~~352~~200,~~750~~000.00 ~~351~~198,~~351~~859.8969 12 ~~0011122560~~0011088352 NJMD 2094.0090 01-~~Mar~~Feb-2005 63232,~~800~~500.00 63232,~~656~~499.4463 2 ~~0011057154~~0011090324 CANJ 8059.0032 01-Feb-2005 ~~142~~175,~~800~~000.00 ~~142~~173,~~225~~708.1257 2 ~~0011059072~~0011092597 CANY 6193.1197 01-~~Dec~~Jan-~~2004~~2005 ~~110~~432,~~000~~250.00 ~~109~~429,~~453~~663.5275 2 ~~0011065098~~0011093918 PACA 80.00 01-~~Jan~~Feb-2005 ~~128~~340,000.00 ~~127~~340,~~385~~000.9800 2 ~~0011074467~~0011097011 CANY 80.00 01-Feb-2005 ~~328~~232,~~000~~800.00 ~~328~~232,~~000~~680.0042 2 ~~0011088973~~0011100514 RIIL 8085.00 01-~~Jan~~Feb-2005 ~~131~~254,~~200~~150.00 ~~130~~253,~~102~~233.2937 2 ~~0011092438~~0011101511 CAMD 9587.0043 01-~~Jan~~Mar-2005 ~~156~~163,~~750~~500.00 ~~155~~162,~~540~~745.5873 2 ~~0011094194~~0011101563 CA 80.00 01-Feb-2005 ~~272~~286,000.00 ~~270~~286,~~629~~000.9100 2 ~~0011095070~~0011104345 MDIL 8090.00 01-Feb-2005 ~~196~~182,~~000~~700.00 ~~194~~181,~~953~~552.0904 2 ~~0011097114~~0011105984 VAIL 7987.9743 01-~~Feb~~Mar-2005 ~~122~~183,~~350~~600.00 ~~121~~182,~~749~~624.4503 2 ~~0011098531~~0011106283 CA 8060.00 01-Feb-2005 ~~268~~126,000.00 ~~267~~125,~~937~~238.1978 2 ~~0011098612~~0011108743 CA 8092.0022 01-Feb-2005 ~~168~~332,000.00 ~~166~~331,~~934~~944.9233 2 ~~0011099099~~0011112281 CA 8077.0058 01-Mar-2005 ~~160~~128,000.00 ~~159~~126,~~329~~915.1595 2 ~~0011100605~~0011112645 AZCA 80.00 01-Feb-2005 ~~113~~333,600.00 ~~112~~333,~~770~~600.9100 2 ~~0011100872~~0011112699 CA 8041.0043 01-Feb-2005 ~~238~~116,~~400~~000.00 ~~238~~115,~~400~~246.0059 2 ~~0011103272~~0011112844 CAVA 8070.00 01-~~Feb~~Mar-2005 ~~244~~273,000.00 ~~242~~271,~~690~~714.3766 2 ~~0011103642~~0011113432 NHCA 9579.0037 01-Feb-2005 ~~118~~300,~~750~~000.00 ~~118~~297,~~262~~873.9085 2 ~~0011104846~~0011115204 INCA 8090.00 01-Feb-2005 ~~136~~219,~~000~~150.00 ~~135~~217,~~564~~888.8188 2 ~~0011108204~~0011115407 MDCA 80.00 01-~~Mar~~Feb-2005 ~~194~~232,~~400~~000.00 ~~193~~232,~~504~~000.1400 2 ~~0011110921~~0011115566 FLCA 9580.00 01-Mar-2005 ~~171~~260,000.00 ~~170~~258,~~321~~488.7790 2 ~~0011111412~~0011115687 CA 80.00 01-~~Feb~~Mar-2005 ~~116~~344,000.00 ~~115~~341,~~435~~915.1249 2 ~~0011113152~~0011118400 ILID 8980.8600 01-Mar-2005 ~~319~~140,000.00 ~~319~~139,~~000~~507.0034 2 ~~0011115272~~0011118806 CAAZ 80.00 01-Mar-2005 ~~343~~74,~~600~~400.00 ~~343~~73,~~600~~970.0090 2 ~~0011116344~~0011118854 NJCT 95.00 01-Mar-2005 ~~289~~145,~~750~~350.00 ~~288~~144,~~693~~588.6927 2 ~~0011117230~~0011120824 MDCA 6780.0700 01-~~Mar~~Feb-2005 ~~137~~200,~~500~~000.00 ~~136~~199,~~994~~948.1896 2 ~~0011117354~~0011121658 ILCA 80.00 01-Mar-2005 ~~194~~343,~~000~~200.00 ~~193~~341,~~203~~624.3956 2 ~~0011118141~~0011123020 AZCA 8085.00 01-Feb-2005 ~~162~~263,~~385~~500.00 ~~162~~262,~~385~~004.0082 2 ~~0011118450~~0011123268 NYVA 9080.00 01-Mar-2005 ~~333~~296,000.00 ~~331~~294,~~896~~650.4356 2 ~~0011119199~~0011123479 CAAZ 8095.00 01-Mar-2005 ~~184~~142,~~000~~500.00 ~~183~~142,~~284~~014.4254 2 ~~0011119402~~0011123640 NJNV 6195.8000 01-Mar-2005 ~~254~~166,~~000~~940.00 ~~252~~166,~~536~~280.3092 2 ~~0011119483~~0011123832 CA 8086.0086 01-~~Feb~~Mar-2005 ~~260~~304,000.00 ~~260~~302,~~000~~676.0050 2 ~~0011121010~~0011124232 CA 4290.2219 01-~~Feb~~Mar-2005 95234,~~000~~500.00 94233,~~533~~179.6602 2 ~~0011122866~~0011125909 IL 7879.0352 01-Mar-2005 ~~269~~333,~~200~~963.00 ~~268~~332,~~056~~593.1718 2 ~~0011123693~~0011126133 MDCA 80.00 01-Mar-2005 ~~343~~312,~~200~~000.00 ~~342~~312,~~062~~000.6400 2 ~~0011124545~~0011126242 CA 9590.00 01-Mar-2005 ~~213~~288,~~750~~000.00 ~~213~~286,~~093~~480.3254 2 ~~0011124833~~0011126273 CA 80.00 01-Mar-2005 ~~287~~140,~~200~~000.00 ~~285~~139,~~934~~266.2150 2 ~~0011127138~~0011127110 CAFL 7480.3900 01-Mar-2005 ~~212~~132,000.00 ~~211~~131,~~169~~402.4761 2 ~~0011127630~~0011127262 VAIL 7880.2200 01-Mar-2005 176,000.00 175,~~231~~256.9505 2 ~~0011127731~~0011129865 MD 8093.0073 01-Mar-2005 ~~217~~254,~~600~~000.00 ~~216~~254,~~880~~000.2600 2 ~~0011128430~~0011130815 CAAZ 80.00 01-Mar-2005 ~~164~~136,~~000~~060.00 ~~163~~135,~~279~~646.0324 2 ~~0011129327~~0011131770 CAFL 8079.0096 01-Mar-2005 ~~292~~153,000.00 ~~290~~152,~~575~~447.3356 2 ~~0011131633~~0011131814 CAVA 80.00 01-Mar-2005 ~~285~~256,~~590~~000.00 ~~284~~254,~~852~~523.5445 2 ~~0011133803~~0011133988 FLMD 7890.8700 01-Feb-2005 ~~168~~161,~~000~~100.00 ~~166~~160,~~952~~320.6021 2 ~~0011137401~~0011135241 CAAZ 8090.00 01-~~Mar~~Feb-2005 ~~353~~167,400.00 ~~352~~166,~~136~~469.6541 32 ~~0011057155~~0011136663 CA 2066.0067 01-~~Feb~~Mar-2005 35180,~~700.00 35,595.43 3 0011065103 PA 20.00 01-Jan-2005 32,~~000.00 31179,~~917~~231.8442 32 ~~0011074470~~0011137912 CASC 2090.00 01-~~Feb~~Mar-2005 82211,~~000~~055.00 81210,~~681~~027.16 3 ~~0011094195~~0011093919 CA 20.00 01-Feb-2005 6885,000.00 6784,~~846~~715.7256 3 ~~0011095946~~0011097010 MDNY 1520.00 01-Feb-2005 3658,~~750~~200.00 3657,~~669~~976.3942 3 ~~0011098469~~0011097145 CA 20.00 01-Feb-2005 ~~113~~126,000.00 ~~112~~125,~~345~~479.0325 3 ~~0011098616~~0011100992 CA 20.00 01-Feb-2005 42100,~~000~~800.00 41100,~~892~~450.0576 3 ~~0011100876~~0011101565 CA 20.00 01-Feb-2005 5971,~~600~~500.00 5971,~~398~~205.1966 3 ~~0011101538~~0011105286 RICA 20.00 01-~~Jan~~Feb-2005 3276,~~800~~400.00 3276,~~685~~144.3736 3 ~~0011101678~~0011108134 ~~MA 20.00 01-Feb-2005 23,000.00 152.74 3 0011103275~~ CA 20.00 01-Feb-2005 6188,~~000~~400.00 6088,~~859~~133.1185 3 ~~0011103592~~0011109232 CA 2019.0098 01-Mar-2005 56113,~~420~~000.00 56112,~~289~~745.8733 3 ~~0011104008~~0011109405 FLCA 20.00 01-Mar-2005 50124,000.00 49123,~~884~~626.~~68 3 0011104292 MD 20.00 01-Feb-2005 73,000.00~~ 72~~,791.48~~ 3 ~~0011107482~~0011110883 MDCA 20.00 01-~~Feb~~Mar-2005 6588,000.00 6487,~~861~~761.3402 3 ~~0011107793~~0011112473 CAMS 2080.00 01-~~Feb-2005 52,000.00 51,889.10 3 0011108200 MD 13.17 01-~~Mar-2005 32108,000.00 31107,~~940~~543.4433 3 ~~0011109185~~0011112651 CA 20.00 01-Feb-2005 5983,~~825~~400.00 5983,~~713~~153.4269 3 ~~0011111413~~0011114415 CA 20.00 01-~~Feb-2005 29,000.00 28,934.77 3 0011111693 NY 84.85 01-~~Mar-2005 ~~420~~81,~~000~~800.00 ~~418~~81,~~241~~616.3507 3 ~~0011113170~~0011115409 MACA 20.00 01-Feb-2005 6658,000.00 6557,~~865~~834.7031 3 ~~0011115273~~0011115569 CA 20.00 01-Mar-2005 8565,~~900~~000.00 8564,~~726~~823.3248 3 ~~0011117353~~0011115762 ILCA 2015.00 01-Mar-2005 4864,500.00 4864,~~411~~324.7579 3 ~~0011118145~~0011118389 AZCA 20.00 01-Feb-2005 4059,~~595~~800.00 4059,~~512~~642.9139 3 ~~0011119200~~0011118810 CAAZ 20.00 01-Mar-2005 4618,~~000~~600.00 4518,~~914~~545.1987 3 ~~0011119318~~0011119711 CAIL ~~28.57 01-Feb-2005 200,000.00 199,295.36 3 0011119484 CA~~ 20.00 01-~~Feb-2005 65,000.00 64,833.09 3 0011120583 CA 20.00 01-~~Mar-2005 56102,000.00 55101,~~914~~775.5483 3 ~~0011120775~~0011120825 CA 20.00 01-Feb-2005 ~~101~~50,000.00 ~~100~~49,~~811~~887.5843 3 ~~0011122367~~0011121659 CA 20.00 01-Mar-2005 ~~100~~85,~~000~~800.00 9985,~~838~~639.94 3 ~~0011122748~~0011123267 AZVA 20.00 01-Mar-2005 2674,000.00 2073,~~752~~869.0047 3 ~~0011123691~~0011123879 MDCA 1520.00 01-Mar-2005 6463,~~350~~100.00 6462,~~256~~928.7762 3 ~~0011124838~~0011125274 CAAZ 20.00 01-Mar-2005 7142,~~800~~400.00 7142,~~638~~272.7639 3 ~~0011128027~~0011126134 CA 20.00 01-Mar-2005 9278,~~668~~000.00 9277,~~470~~741.3439 3 ~~0011128431~~0011126274 CA 20.00 01-Mar-2005 4135,000.00 4034,~~917~~904.1196 3 ~~0011130994~~0011127111 CAFL 20.00 01-Mar-2005 7333,000.00 7032,~~725~~917.0555 3 ~~0011131637~~0011130823 CAAZ 20.00 01-Mar-2005 7134,~~395~~015.00 7133,~~273~~965.4425 3 ~~0011137427~~0011133605 CA 20.00 01-Mar-2005 88110,~~350~~000.00 88109,~~171~~668.3786 4 ~~0011088776~~0011056281 INCA 8380.3300 01-Feb-2005 50240,000.00 49240,~~818~~000.7300 4 ~~0011091096~~0011093995 CAFL 9585.00 01-Jan-2005 ~~475~~158,~~000~~950.00 ~~473~~157,~~058~~942.7830 4 ~~0011098459~~0011097141 CA 80.00 01-Feb-2005 ~~452~~504,000.00 ~~451~~504,~~717.50 4 0011098980 VT 30.19 01-Feb-2005 80,~~000.00 ~~79,620.26~~ 4 ~~0011100014~~0011100659 CA 8580.00 01-Feb-2005 ~~450~~368,~~500~~000.00 ~~448~~368,~~441~~000.5000 4 ~~0011102896~~0011100991 CA 80.00 01-Feb-2005 ~~208~~403,~~000~~200.00 ~~206~~400,~~737~~210.0951 4 ~~0011102972~~0011101726 CAAR 8990.5500 01-Feb-2005 ~~600~~149,~~000~~400.00 ~~597~~148,~~688~~818.0550 4 ~~0011103635~~0011105285 CA 80.00 01-~~Mar~~Feb-2005 ~~164~~305,~~000~~600.00 ~~164~~305,~~000~~600.00 4 ~~0011104107~~0011106015 CA 75.00 01-~~Feb~~Jan-2005 ~~393~~150,~~750~~000.00 ~~391~~148,~~950~~938.8387 4 ~~0011105346~~0011108055 MAWI 9082.0452 01-~~Mar~~Feb-2005 ~~190~~439,~~800~~000.00 ~~190~~435,~~000~~888.0363 4 ~~0011109184~~0011108411 CAVA 8070.00 01-~~Feb~~Mar-2005 ~~239~~392,~~297~~000.00 ~~239~~390,~~297~~164.0058 4 ~~0011111285~~0011109231 CA 7879.9593 01-Mar-2005 ~~375~~452,000.00 ~~373~~450,~~460~~301.5064 4 ~~0011111546~~0011109404 CA 8180.4700 01-~~Feb~~Mar-2005 ~~387~~496,000.00 ~~385~~496,~~592.34 4 0011119317 CA 71.43 01-Feb-2005 500,~~000.00 ~~497,721.80~~ 4 ~~0011119441~~0011109561 CAFL 6995.6400 01-Mar-2005 ~~146~~180,~~250~~500.00 ~~145~~179,~~821~~797.7042 4 ~~0011120582~~0011110882 CA 80.00 01-Mar-2005 ~~224~~352,000.00 ~~224~~352,000.00 4 ~~0011120774~~0011111526 CA 8088.0069 01-Feb-2005 ~~404~~270,~~000~~500.00 ~~402~~270,~~436~~500.2100 4 ~~0011122064~~0011114413 CA 8580.00 01-Mar-2005 ~~412~~327,~~250~~200.00 ~~410~~327,~~694~~200.9100 4 ~~0011122291~~0011115459 CA 8077.0038 01-Mar-2005 ~~408~~325,000.00 ~~406~~325,~~046~~000.1300 4 ~~0011122374~~0011118019 CA 8095.00 01-Mar-2005 ~~400~~399,000.00 ~~400~~399,000.00 4 ~~0011122644~~0011119933 CAFL 80.00 01-~~Mar~~Feb-2005 ~~239~~180,~~996~~000.00 ~~239~~179,~~343~~367.5920 4 ~~0011123574~~0011121072 CANY 5385.0300 01-Mar-2005 ~~175~~275,~~000~~400.00 ~~174~~274,~~462~~425.3531 4 ~~0011124286~~0011123873 CA 8980.1000 01-Mar-2005 ~~445~~252,~~500~~400.00 ~~445~~252,~~500~~400.00 4 ~~0011126722~~0011124513 CTCA 9076.0084 01-Mar-2005 ~~468~~516,000.00 ~~466~~512,~~118~~804.8164 4 ~~0011127782~~0011124858 CA 8090.00 01-Mar-2005 ~~380~~181,~~000~~800.00 ~~378~~181,~~567~~800.2300 4 ~~0011128024~~0011126309 CA 8090.00 01-Mar-2005 ~~370~~414,~~675~~000.00 ~~370~~414,~~675~~000.00 4 ~~0011129413~~0011127327 CAMD 9081.0033 01-Mar-2005 ~~720~~270,000.00 ~~720~~270,000.00 4 ~~0011131421~~0011128960 CA 8084.00 01-Mar-2005 ~~452~~252,000.00 ~~450~~250,~~685~~550.5098 4 ~~0011136043~~0011133603 CA 8280.4300 01-Mar-2005 ~~305~~440,000.00 ~~305~~438,~~000~~087.0042

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~0011098533~~0011094560 Loan Paid in Full (1) 89.~~750~~990% 180 57 1 ~~0011098728~~0011118874 Loan Paid in Full ~~(1)~~0 76.~~975~~550% 360 5 1 ~~0011100606~~0011120609 Loan Paid in Full ~~(1)~~0 ~~9.500% 180 5 1 0011110547 Loan Paid in Full (1)~~ 7.~~450~~990% 360 56 1 ~~0011110931~~0011136423 Loan Paid in Full (1) ~~8.800% 360 4 1 0011121339 Loan Paid in Full 0 7.230% 360 4 1 0011122560 Loan Paid in Full 0~~ 9.~~990~~750% 180 45 2 ~~0011057154~~0011086526 Loan Paid in Full 0 76.~~625~~500% 360 56 2 ~~0011059072~~0011087326 Loan Paid in Full 0 87.~~500~~125% 360 76 2 ~~0011065098~~0011088352 Loan Paid in Full (1) 7.~~990~~740% 360 6 2 ~~0011074467~~0011090324 Loan Paid in Full 0 58.~~175~~375% 360 56 2 ~~0011088973~~0011092597 Loan Paid in Full (1) 56.875% 360 67 2 ~~0011092438~~0011093918 Loan Paid in Full (1) 65.~~990~~750% 360 6 2 ~~0011094194~~0011097011 Loan Paid in Full 0(1) 56.~~990~~250% 360 56 2 ~~0011095070~~0011100514 Loan Paid in Full 0 68.~~650~~625% 360 56 2 ~~0011097114~~0011101511 Loan Paid in Full (1) 7.~~875~~400% 360 5 2 ~~0011098531~~0011101563 Loan Paid in Full 0(1) 54.~~625~~750% 360 56 2 ~~0011098612~~0011104345 Loan Paid in Full 0(1) 56.~~750~~790% 360 56 2 ~~0011099099~~0011105984 Loan Paid in Full (1) 76.~~875~~675% 360 45 2 ~~0011100605~~0011106283 Loan Paid in Full (1) 46.~~990~~825% 360 56 2 ~~0011100872~~0011108743 Loan Paid in Full (1) 5.750% 360 56 2 ~~0011103272~~0011112281 Loan Paid in Full (1) 67.~~625~~200% 360 5 2 ~~0011103642~~0011112645 Loan Paid in Full (1) 76.~~990~~300% 360 56 2 ~~0011104846~~0011112699 Loan Paid in Full 0 86.~~300~~450% 360 56 2 ~~0011108204~~0011112844 Loan Paid in Full 0 67.~~450~~300% 360 45 2 ~~0011110921~~0011113432 Loan Paid in Full 0(1) 65.~~500~~990% 360 46 2 ~~0011111412~~0011115204 Loan Paid in Full (1) 7.~~125~~075% 360 56 2 ~~0011113152~~0011115407 Loan Paid in Full (1) 6.~~825~~900% 360 46 2 ~~0011115272~~0011115566 Loan Paid in Full 0(1) 76.~~750~~210% 360 45 2 ~~0011116344~~0011115687 Loan Paid in Full (1) 65.~~500~~990% 360 45 2 ~~0011117230~~0011118400 Loan Paid in Full 0(1) 7.~~600~~990% 360 45 2 ~~0011117354~~0011118806 Loan Paid in Full 0(1) 76.~~050~~250% 360 45 2 ~~0011118141~~0011118854 Loan Paid in Full 0 6.990% 360 5 2 ~~0011118450~~0011120824 Loan Paid in Full 0 6.~~990~~125% 360 46 2 ~~0011119199~~0011121658 Loan Paid in Full (1) 76.~~326~~476% 360 45 2 ~~0011119402~~0011123020 Loan Paid in Full ~~(1)~~0 67.~~250~~150% 360 46 2 ~~0011119483~~0011123268 Loan Paid in Full (1) 67.~~250~~460% 360 5 2 ~~0011121010~~0011123479 Loan Paid in Full ~~(1)~~0 7.~~875~~990% 360 5 2 ~~0011122866~~0011123640 Loan Paid in Full (1) 67.~~875~~250% 360 45 2 ~~0011123693~~0011123832 Loan Paid in Full ~~(1)~~0 6.~~990~~750% 360 45 2 ~~0011124545~~0011124232 Loan Paid in Full 0 86.~~500~~375% 360 45 2 ~~0011124833~~0011125909 Loan Paid in Full 0(1) 7.~~625~~990% 360 45 2 ~~0011127138~~0011126133 Loan Paid in Full 0(1) 65.~~125~~950% 360 45 2 ~~0011127630~~0011126242 Loan Paid in Full ~~(1)~~0 7.~~675~~000% 360 45 2 ~~0011127731~~0011126273 Loan Paid in Full 0 76.~~000~~750% 360 45 2 ~~0011128430~~0011127110 Loan Paid in Full 0 6.~~700~~550% 360 45 2 ~~0011129327~~0011127262 Loan Paid in Full (1) 7.~~500~~840% 360 45 2 ~~0011131633~~0011129865 Loan Paid in Full 0(1) 86.~~240~~575% 360 45 2 ~~0011133803~~0011130815 Loan Paid in Full 0 68.~~375~~550% 360 5 2 ~~0011137401~~0011131770 Loan Paid in Full (1) 7.~~750~~700% 360 ~~4 3 0011057155 Loan Paid in Full 0 10.875% 180~~ 5 32 ~~0011065103~~0011131814 Loan Paid in Full (1) ~~10.990% 180~~ 6 ~~3 0011074470 Loan Paid in Full 0 8~~.250% ~~180~~360 5 32 ~~0011094195~~0011133988 Loan Paid in Full ~~0 9.990% 180 5 3 0011095946 Loan Paid in Full~~ (1) 107.~~990~~950% ~~180~~360 56 32 ~~0011098469~~0011135241 Loan Paid in Full (1) 97.~~750~~450% ~~180~~360 56 32 ~~0011098616~~0011136663 Loan Paid in Full 0 106.~~250~~850% ~~180~~360 5 32 ~~0011100876~~0011137912 Loan Paid in Full (1) 97.~~750~~125% ~~180~~360 5 3 ~~0011101538~~0011093919 Loan Paid in Full (1) 119.~~550~~750% 180 6 3 ~~0011101678~~0011097010 Loan Paid in Full 0(1) 10.990% 180 56 3 ~~0011103275~~0011097145 Loan Paid in Full (1) 108.750% 180 56 3 ~~0011103592~~0011100992 Loan Paid in Full (1) 10.~~750~~875% 180 46 3 ~~0011104008~~0011101565 Loan Paid in Full (1) 108.750% 180 46 3 ~~0011104292~~0011105286 Loan Paid in Full 04 9.750% 180 56 3 ~~0011107482~~0011108134 Loan Paid in Full ~~(1)~~0 109.~~250~~500% 180 56 3 ~~0011107793~~0011109232 Loan Paid in Full 01 109.~~250~~990% 180 5 3 ~~0011108200~~0011109405 Loan Paid in Full 0(1) 109.~~875~~500% 180 ~~4 3 0011109185 Loan Paid in Full 0 10.875% 180~~ 5 3 ~~0011111413~~0011110883 Loan Paid in Full (1) 109.~~875~~990% 180 5 3 ~~0011111693~~0011112473 Loan Paid in Full 0 6.~~950~~900% 360 45 3 ~~0011113170~~0011112651 Loan Paid in Full 0(1) 10.500% 180 56 3 ~~0011115273~~0011114415 Loan Paid in Full 01 10.~~500~~875% 180 45 3 ~~0011117353~~0011115409 Loan Paid in Full 01 109.~~990~~750% 180 46 3 ~~0011118145~~0011115569 Loan Paid in Full 0 109.~~500~~990% 180 5 3 ~~0011119200~~0011115762 Loan Paid in Full (1) 109.~~875~~990% 180 45 3 ~~0011119318~~0011118389 Loan Paid in Full 0 10.~~625~~875% 180 56 3 ~~0011119484~~0011118810 Loan Paid in Full (1) 10.~~990~~500% 180 5 3 ~~0011120583~~0011119711 Loan Paid in Full 0(1) 10.~~750~~990% 180 45 3 ~~0011120775~~0011120825 Loan Paid in Full 0 10.875% 180 56 3 ~~0011122367~~0011121659 Loan Paid in Full 0(1) 10.~~500~~875% 180 45 3 ~~0011122748~~0011123267 Loan Paid in Full (1) 11.~~500~~990% 180 45 3 ~~0011123691~~0011123879 Loan Paid in Full (1) 109.990% 180 45 3 ~~0011124838~~0011125274 Loan Paid in Full 0(1) 109.~~875~~500% 180 45 3 ~~0011128027~~0011126134 Loan Paid in Full 0(1) 108.~~250~~125% 180 45 3 ~~0011128431~~0011126274 Loan Paid in Full 0 109.~~500~~990% 180 45 3 ~~0011130994~~0011127111 Loan Paid in Full ~~(1)~~0 89.~~990~~500% 180 45 3 ~~0011131637~~0011130823 Loan Paid in Full 0 1011.~~240~~990% 180 45 3 ~~0011137427~~0011133605 Loan Paid in Full (1) 109.500% 180 45 4 ~~0011088776~~0011056281 Loan Paid in Full (1) 96.~~550~~250% 360 ~~5 4 0011091096 Loan Paid in Full 0 9.000% 360~~ 6 4 ~~0011098459~~0011093995 Loan Paid in Full 0(1) 56.~~000~~575% 360 57 4 ~~0011098980~~0011097141 Loan Paid in Full (1) 75.250% 360 56 4 ~~0011100014~~0011100659 Loan Paid in Full 0 6.~~500~~125% 360 56 4 ~~0011102896~~0011100991 Loan Paid in Full 0 5.~~975~~750% 360 56 4 ~~0011102972~~0011101726 Loan Paid in Full ~~(1)~~0 78.~~375~~250% 360 56 4 ~~0011103635~~0011105285 Loan Paid in Full 04 6.~~100~~500% 360 46 4 ~~0011104107~~0011106015 Loan Paid in Full ~~(1)~~0 6.~~500~~000% 360 57 4 ~~0011105346~~0011108055 Loan Paid in Full 0(1) 75.~~875~~990% 360 46 4 ~~0011109184~~0011108411 Loan Paid in Full 0(1) 67.~~700~~325% 360 5 4 ~~0011111285~~0011109231 Loan Paid in Full (1) 7.~~051~~500% 360 45 4 ~~0011111546~~0011109404 Loan Paid in Full (1) 65.~~200~~175% 360 5 4 ~~0011119317~~0011109561 Loan Paid in Full 01 68.~~525~~250% 360 5 4 ~~0011119441~~0011110882 Loan Paid in Full (1) 96.~~500~~075% 360 45 4 ~~0011120582~~0011111526 Loan Paid in Full 0(1) 57.~~990~~375% 360 46 4 ~~0011120774~~0011114413 Loan Paid in Full 01 76.~~350~~150% 360 5 4 ~~0011122064~~0011115459 Loan Paid in Full 0 65.~~800~~990% 360 45 4 ~~0011122291~~0011118019 Loan Paid in Full (1) 65.~~250~~950% 360 45 4 ~~0011122374~~0011119933 Loan Paid in Full 0 58.~~625~~750% 360 46 4 ~~0011122644~~0011121072 Loan Paid in Full 0(1) 97.~~100~~800% 360 45 4 ~~0011123574~~0011123873 Loan Paid in Full (1) 86.~~500~~350% 360 45 4 ~~0011124286~~0011124513 Loan Paid in Full 0(1) 5.~~990~~875% 360 45 4 ~~0011126722~~0011124858 Loan Paid in Full 0 56.~~990~~625% 360 45 4 ~~0011127782~~0011126309 Loan Paid in Full (1) 65.~~325~~990% 360 45 4 ~~0011128024~~0011127327 Loan Paid in Full 0 76.~~825~~675% 360 45 4 ~~0011129413~~0011128960 Loan Paid in Full 0 76.~~500~~375% 360 45 4 ~~0011131421~~0011133603 Loan Paid in Full 0(1) 7.~~650~~700% 360 ~~4 4 0011136043 Loan Paid in Full 2 7.250% 360 4~~5

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 3.~~045~~031% Current Month 30.~~998~~885% Current Month 32,~~489~~837.~~092~~724% 3 Month Average 2.~~268~~827% 3 Month Average 2329.~~810~~071% 3 Month Average 3,~~418~~335.~~369~~022% 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 15.103% N/A May-2005 3,087.764% N/A Jun-2005 25.330% N/A Jun-2005 3,678.251% N/A Jul-2005 30.998% N/A Jul-2005 3,489.092% N/A Aug-2005 30.885% N/A Aug-2005 2,837.724% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 21.~~514~~144% Current Month 2612.~~323~~895% Current Month 21,~~945~~179.~~323~~340% 3 Month Average 21.~~103~~911% 3 Month Average 2220.~~452~~486% 3 Month Average 32,~~316~~443.~~991~~216% 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 18.794% N/A May-2005 3,800.667% N/A Jun-2005 22.240% N/A Jun-2005 3,204.984% N/A Jul-2005 26.323% N/A Jul-2005 2,945.323% N/A Aug-2005 12.895% N/A Aug-2005 1,179.340% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 23.~~844~~512% Current Month 2934.~~265~~884% Current Month 3,~~279~~193.~~076~~997% 3 Month Average 2.~~197~~997% 3 Month Average 2330.~~084~~524% 3 Month Average 3,~~260~~477.~~973~~537% 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 12.566% N/A May-2005 2,544.305% N/A Jun-2005 27.422% N/A Jun-2005 3,959.539% N/A Jul-2005 29.265% N/A Jul-2005 3,279.076% N/A Aug-2005 34.884% N/A Aug-2005 3,193.997% 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. 3 SMM CPR PSA Current Month 2.~~892~~380% Current Month 2925.~~684~~104% Current Month 32,~~338~~304.~~416~~366% 3 Month Average 12.~~812~~327% 3 Month Average 1924.~~315~~492% 3 Month Average 2,~~667~~784.~~799~~331% 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 9.573% N/A May-2005 1,954.770% N/A Jun-2005 18.687% N/A Jun-2005 2,710.211% N/A Jul-2005 29.684% N/A Jul-2005 3,338.416% N/A Aug-2005 25.104% N/A Aug-2005 2,304.366% 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. 4 SMM CPR PSA Current Month 3.~~384~~010% Current Month 3330.~~841~~701% Current Month 32,~~831~~834.~~991~~249% 3 Month Average 2.~~510~~940% 3 Month Average 2630.~~053~~026% 3 Month Average 3,~~818~~467.~~715~~615% 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 18.781% N/A May-2005 3,887.551% N/A Jun-2005 25.537% N/A Jun-2005 3,736.604% N/A Jul-2005 33.841% N/A Jul-2005 3,831.991% N/A Aug-2005 30.701% N/A Aug-2005 2,834.249% 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Filing Compare · Asset Backed Pass-Through Certificates, Series 2005-HE3