8-K 1 ace05sd2_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SD2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-04 Pooling and Servicing Agreement) (Commission 54-2176704 (State or other File Number) 54-2176705 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2005-SD2 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-SD2 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SD2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 9/1/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-SD2 Trust, relating to the August 25, 2005 distribution. EX-99.1

ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-SD2 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 A-1 004421QD8 SEN 3.~~72563~~86000% ~~113~~105,~~125~~388,~~000~~036.0031 ~~304~~350,~~389~~298.1512 M-1 004421QE6 SEN 4.~~02563~~16000% 18,371,000.00 5365,~~411~~809.8400 M-2 004421QF3 SEN 4.~~82563~~96000% 10,636,000.00 3745,~~068~~427.3454 M-3 004421QG1 SEN 6.~~32563~~46000% 5,640,000.00 2531,~~766~~374.4007 M-4 004421QH9 SEN 6.~~32563~~46000% 3,142,000.00 1417,~~354~~478.2625 M-5 004421QJ5 SEN 6.~~32563~~46000% 2,417,000.00 1113,~~042~~445.0923 CE-1 SEN 0.00000% 78,~~818~~611,~~982~~579.0352 0.00 CE-2 SEN 0.00000% 0.00 033,642.0081 P ACE05SD2P SEN 0.00000% 100.00 85105,~~026~~291.0038 R ACE5SD2R1 SEN 0.00000% 0.00 0.00 Totals ~~161~~154,~~150~~205,~~082~~715.0383 ~~531~~662,~~058~~766.0840

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 78,~~736~~278,~~963~~709.6906 0.00 ~~105~~97,~~388~~109,~~036~~327.3125 8,~~041~~629,~~352~~007.8418 0.00 M-1 0.00 0.00 18,371,000.00 5365,~~411~~809.8400 0.00 M-2 0.00 0.00 10,636,000.00 3745,~~068~~427.3454 0.00 M-3 0.00 0.00 5,640,000.00 2531,~~766~~374.4007 0.00 M-4 0.00 0.00 3,142,000.00 1417,~~354~~478.2625 0.00 M-5 0.00 0.00 2,417,000.00 1113,~~042~~445.0923 0.00 CE-1 0.00 0.00 89,~~611~~318,~~579~~458.5278 0.00 0.00 CE-2 0.00 0.00 0.00 033,642.0081 0.00 P 0.00 0.00 100.00 85105,~~026~~291.0038 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 78,~~736~~278,~~963~~709.6906 0.00 ~~154~~146,~~205~~633,~~715~~886.8303 8,~~268~~941,~~021~~475.7746 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) A-1 113,125,000.00 ~~113~~105,~~125~~388,~~000~~036.0031 0.00 79,~~736~~686,~~963~~355.6973 0.00 0.00 M-1 18,371,000.00 18,371,000.00 0.00 0.00 0.00 0.00 M-2 10,636,000.00 10,636,000.00 0.00 0.00 0.00 0.00 M-3 5,640,000.00 5,640,000.00 0.00 0.00 0.00 0.00 M-4 3,142,000.00 3,142,000.00 0.00 0.00 0.00 0.00 M-5 2,417,000.00 2,417,000.00 0.00 0.00 0.00 0.00 CE-1 7,818,982.03 78,~~818~~611,~~982~~579.0352 0.00 0.00 0.00 0.00 CE-2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 161,150,082.03 ~~161~~154,~~150~~205,~~082~~715.0383 0.00 79,~~736~~686,~~963~~355.6973 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 A-1 78,~~736~~278,~~963~~709.6906 ~~105~~97,~~388~~109,~~036~~327.3125 0.~~93160695~~85842499 78,~~736~~278,~~963~~709.6906 M-1 0.00 18,371,000.00 1.00000000 0.00 M-2 0.00 10,636,000.00 1.00000000 0.00 M-3 0.00 5,640,000.00 1.00000000 0.00 M-4 0.00 3,142,000.00 1.00000000 0.00 M-5 0.00 2,417,000.00 1.00000000 0.00 CE-1 0.00 89,~~611~~318,~~579~~458.5278 1.~~10136837~~19177391 0.00 CE-2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 78,~~736~~278,~~963~~709.6906 ~~154~~146,~~205~~633,~~715~~886.8303 0.~~95690746~~90992126 78,~~736~~278,~~963~~709.6906

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 113,125,000.00 ~~1000~~931.~~00000000~~60695081 0.00000000 6885.~~39304919~~62524402 0.00000000 M-1 18,371,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 10,636,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 5,640,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 3,142,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,417,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE-1 7,818,982.03 ~~1000~~1101.~~00000000~~36837340 0.00000000 0.00000000 0.00000000 CE-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 6873.~~39304919~~18195854 ~~931~~858.~~60695081~~42499227 0.~~93160695~~85842499 6873.~~39304919~~18195854 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE-1 0.00000000 0.00000000 1,~~101~~191.~~36837340~~77390922 1.~~10136837~~19177391 0.00000000 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 113,125,000.00 3.~~72563~~86000% ~~113~~105,~~125~~388,~~000~~036.0031 ~~304~~350,~~389~~298.1512 0.00 0.00 M-1 18,371,000.00 4.~~02563~~16000% 18,371,000.00 5365,~~411~~809.8400 0.00 0.00 M-2 10,636,000.00 4.~~82563~~96000% 10,636,000.00 3745,~~068~~427.3454 0.00 0.00 M-3 5,640,000.00 6.~~32563~~46000% 5,640,000.00 2531,~~766~~374.4007 0.00 0.00 M-4 3,142,000.00 6.~~32563~~46000% 3,142,000.00 1417,~~354~~478.2625 0.00 0.00 M-5 2,417,000.00 6.~~32563~~46000% 2,417,000.00 1113,~~042~~445.0923 0.00 0.00 CE-1 7,818,982.03 0.00000% 78,~~818~~611,~~982~~579.0352 0.00 0.00 0.00 CE-2 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 161,150,082.03 ~~446~~523,~~032~~832.0821 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 A-1 0.00 0.00 ~~304~~350,~~389~~298.1512 0.00 ~~105~~97,~~388~~109,~~036~~327.3125 M-1 0.00 0.00 5365,~~411~~809.8400 0.00 18,371,000.00 M-2 0.00 0.00 3745,~~068~~427.3454 0.00 10,636,000.00 M-3 0.00 0.00 2531,~~766~~374.4007 0.00 5,640,000.00 M-4 0.00 0.00 1417,~~354~~478.2625 0.00 3,142,000.00 M-5 0.00 0.00 1113,~~042~~445.0923 0.00 2,417,000.00 CE-1 0.00 0.00 0.00 0.00 89,~~611~~318,~~579~~458.5278 CE-2 0.00 0.00 033,642.0081 0.00 0.00 P 0.00 0.00 85105,~~026~~291.0038 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~531~~662,~~058~~766.0840 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 A-1 113,125,000.00 3.~~72563~~86000% ~~1000~~931.~~00000000~~60695081 23.~~69073282~~09655797 0.00000000 0.00000000 M-1 18,371,000.00 4.~~02563~~16000% 1000.00000000 23.~~90739971~~58222198 0.00000000 0.00000000 M-2 10,636,000.00 4.~~82563~~96000% 1000.00000000 34.~~48517676~~27111132 0.00000000 0.00000000 M-3 5,640,000.00 6.~~32563~~46000% 1000.00000000 45.~~56851064~~56277837 0.00000000 0.00000000 M-4 3,142,000.00 6.~~32563~~46000% 1000.00000000 45.~~56851050~~56277849 0.00000000 0.00000000 M-5 2,417,000.00 6.~~32563~~46000% 1000.00000000 45.~~56851055~~56277617 0.00000000 0.00000000 CE-1 7,818,982.03 0.00000% ~~1000~~1101.~~00000000~~36837340 0.00000000 0.00000000 0.00000000 CE-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 23.~~69073282~~09655797 0.00000000 ~~931~~858.~~60695081~~42499227 M-1 0.00000000 0.00000000 23.~~90739971~~58222198 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 34.~~48517676~~27111132 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 45.~~56851064~~56277837 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 45.~~56851050~~56277849 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 45.~~56851055~~56277617 0.00000000 1000.00000000 CE-1 0.00000000 0.00000000 0.00000000 0.00000000 ~~1101~~1191.~~36837340~~77390922 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~850260~~1052913.~~00000000~~80000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 78,~~892~~893,~~430~~433.1543 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~366~~380,~~842~~481.7991 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 85105,~~026~~291.0038 Total Deposits 89,~~344~~379,~~298~~206.9472 Withdrawals Reimbursement for Servicer Advances 0366,842.0079 Payment of Service Fee 7670,~~277~~888.1747 Payment of Interest and Principal 8,~~268~~941,~~021~~475.7746 Total Withdrawals (Pool Distribution Amount) 89,~~344~~379,~~298~~206.9472 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6661,~~541~~571.0270 Credit Risk Manager Fee- Risk Management Group, LLC 2,~~685~~570.8314 Master Servicing Fee 76,~~050~~746.3263 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 7670,~~277~~888.1747

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 047 0 0 047 03,827,037.0070 0.00 0.00 03,827,037.0070 30 Days ~~205~~186 016 0 0 ~~205~~202 1916,~~602~~601,~~250~~434.1006 01,076,264.0018 0.00 0.00 1917,~~602~~677,~~250~~698.1024 60 Days ~~105~~98 05 0 0 ~~105~~103 109,~~047~~722,~~277~~080.8579 0345,947.0030 0.00 0.00 10,~~047~~068,~~277~~028.8509 90 Days 2955 012 0 0 2967 25,~~423~~444,~~539~~483.1038 01,366,659.0034 0.00 0.00 26,~~423~~811,~~539~~142.1072 120 Days 2914 014 0 0 2928 21,~~904~~150,~~338~~417.3142 01,147,118.0043 0.00 0.00 2,~~904~~297,~~338~~535.3185 150 Days 218 06 01 0 2115 1491,~~791,427~~310.8696 0499,097.0069 040,801.0061 0.00 1,~~791~~031,~~427~~210.8626 180+ Days ~~103~~45 053 09 01 ~~103~~108 83,~~311~~704,~~930~~264.0264 04,340,259.0059 0778,754.0077 062,582.0022 8,~~311~~885,~~930~~861.0222 Totals ~~492~~406 0153 010 01 ~~492~~570 4537,~~080~~113,~~763~~991.2425 012,602,384.0023 0819,556.0038 062,582.0022 4550,~~080~~598,~~763~~514.2408 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 03.~~000000~~051948% 0.000000% 0.000000% 03.~~000000~~051948% 02.~~000000~~609204% 0.000000% 0.000000% 02.~~000000~~609204% 30 Days 12.~~991128~~077922% 01.~~000000~~038961% 0.000000% 0.000000% 1213.~~991128~~116883% 1211.~~709031~~318554% 0.~~000000~~733777% 0.000000% 0.000000% 12.~~709031~~052331% 60 Days 6.~~653992~~363636% 0.~~000000~~324675% 0.000000% 0.000000% 6.~~653992~~688312% 6.~~514108~~628337% 0.~~000000~~235861% 0.000000% 0.000000% 6.~~514108~~864197% 90 Days 13.~~837769~~571429% 0.~~000000~~779221% 0.000000% 0.000000% 14.~~837769~~350649% 13.~~571291~~711949% 0.~~000000~~931763% 0.000000% 0.000000% 14.~~571291~~643712% 120 Days 10.~~837769~~909091% 0.~~000000~~909091% 0.000000% 0.000000% 1.~~837769~~818182% 10.~~883015~~784334% 0.~~000000~~782084% 0.000000% 0.000000% 1.~~883015~~566418% 150 Days 10.~~330798~~519481% 0.~~000000~~389610% 0.~~000000~~064935% 0.000000% 10.~~330798~~974026% 10.~~161464~~334967% 0.~~000000~~340276% 0.~~000000~~027818% 0.000000% 10.~~161464~~703060% 180+ Days 62.~~527250~~922078% 03.~~000000~~441558% 0.~~000000~~584416% 0.~~000000~~064935% 67.~~527250~~012987% 52.~~389003~~525500% 02.~~000000~~959110% 0.~~000000~~530941% 0.~~000000~~042667% 56.~~389003~~058217% Totals 3126.~~178707~~363636% 09.~~000000~~935065% 0.~~000000~~649351% 0.~~000000~~064935% 3137.~~178707~~012987% 2925.~~227911~~303640% 08.~~000000~~592075% 0.~~000000~~558759% 0.~~000000~~042667% 2934.~~227911~~497140%

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 041 0 0 041 03,354,153.0009 0.00 0.00 03,354,153.0009 30 Days ~~144~~143 015 0 0 ~~144~~158 89,~~438~~044,~~700~~136.2027 01,036,971.0014 0.00 0.00 810,~~438~~081,~~700~~107.2041 60 Days 8368 05 0 0 8373 54,~~461~~196,~~683~~272.9960 0345,947.0030 0.00 0.00 54,~~461~~542,~~683~~219.9990 90 Days 2444 06 0 0 2450 13,~~696~~322,~~326~~713.9520 0475,762.0047 0.00 0.00 13,~~696~~798,~~326~~475.9567 120 Days 2413 011 0 0 24 21,~~182~~049,~~449~~932.8006 0701,179.0051 0.00 0.00 21,~~182~~751,~~449~~111.8057 150 Days 178 05 01 0 1714 1491,~~090,624~~310.2196 0391,225.0055 040,801.0061 0.00 1923,~~090,624~~338.2112 180+ Days 8139 036 09 01 8185 62,~~645~~930,~~104~~080.9397 03,150,350.0092 0778,754.0077 062,582.0022 6,~~645~~921,~~104~~768.9388 Totals ~~373~~315 0119 010 01 ~~373~~445 2521,~~514~~034,~~890~~446.0806 09,455,589.0098 0819,556.0038 062,582.0022 2531,~~514~~372,~~890~~174.0864 0-29 Days 03.~~000000~~410982% 0.000000% 0.000000% 03.~~000000~~410982% 03.~~000000~~985883% 0.000000% 0.000000% 03.~~000000~~985883% 30 Days 11.~~774325~~896839% 01.~~000000~~247920% 0.000000% 0.000000% 1113.~~774325~~144759% 910.~~713580~~747531% 01.~~000000~~232277% 0.000000% 0.000000% 911.~~713580~~979808% 60 Days 65.~~786590~~657238% 0.~~000000~~415973% 0.000000% 0.000000% 6.~~786590~~073211% 64.~~286810~~986609% 0.~~000000~~411104% 0.000000% 0.000000% 65.~~286810~~397713% 90 Days 13.~~962388~~660566% 0.~~000000~~499168% 0.000000% 0.000000% 14.~~962388~~159734% 13.~~952600~~948521% 0.~~000000~~565369% 0.000000% 0.000000% 14.~~952600~~513890% 120 Days 1.~~962388~~081531% 0.~~000000~~915141% 0.000000% 0.000000% 1.~~962388~~996672% 21.~~512164~~247679% 0.~~000000~~833241% 0.000000% 0.000000% 2.~~512164~~080920% 150 Days 10.~~390025~~665557% 0.~~000000~~415973% 0.~~000000~~083195% 0.000000% 1.~~390025~~164725% 10.~~255391~~583846% 0.~~000000~~464910% 0.~~000000~~048486% 0.000000% 1.~~255391~~097242% 180+ Days 63.~~623058~~244592% 02.~~000000~~995008% 0.~~000000~~748752% 0.~~000000~~083195% 67.~~623058~~071547% 73.~~649017~~481940% 03.~~000000~~743696% 0.~~000000~~925427% 0.~~000000~~074369% 78.~~649017~~225432% Totals 3026.~~498774~~206323% 09.~~000000~~900166% 0.~~000000~~831947% 0.~~000000~~083195% 3037.~~498774~~021631% 2924.~~369561~~996126% 011.~~000000~~236479% 0.~~000000~~973914% 0.~~000000~~074369% 2937.~~369561~~280888% 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 06 0 0 06 0472,884.0061 0.00 0.00 0472,884.0061 30 Days 6143 01 0 0 6144 117,~~163~~557,~~549~~297.9079 039,293.0004 0.00 0.00 117,~~163~~596,~~549~~590.9083 60 Days 2230 0 0 0 2230 45,~~585~~525,~~593~~808.8619 0.00 0.00 0.00 45,~~585~~525,~~593~~808.8619 90 Days 511 06 0 0 517 ~~727~~2,~~212~~121,770.1518 0890,896.0087 0.00 0.00 ~~727~~3,~~212~~012,667.1505 120 Days 51 03 0 0 54 ~~721~~100,~~888~~485.5136 0445,938.0092 0.00 0.00 ~~721~~546,~~888~~424.5128 150 Days 4 0 1 0 0 41 ~~700,803.65~~ 0.00 107,872.14 0.00 0.00 ~~700~~107,~~803~~872.6514 180+ Days 226 017 0 0 2223 774,183.67 1,~~666~~189,~~825~~908.0967 0.00 0.00 ~~0.00~~ 1,~~666~~964,~~825~~092.0934 Totals ~~119~~91 034 0 0 ~~119~~125 1916,~~565~~079,~~873~~545.1619 03,146,794.0025 0.00 0.00 19,~~565~~226,~~873~~339.1644 0-29 Days 01.~~000000~~775148% 0.000000% 0.000000% 01.~~000000~~775148% 0.~~000000~~756329% 0.000000% 0.000000% 0.~~000000~~756329% 30 Days 1712.~~183099~~721893% 0.~~000000~~295858% 0.000000% 0.000000% 1713.~~183099~~017751% 1612.~~572115~~087095% 0.~~000000~~062845% 0.000000% 0.000000% 1612.~~572115~~149940% 60 Days 68.~~197183~~875740% 0.000000% 0.000000% 0.000000% 68.~~197183~~875740% 68.~~807242~~837943% 0.000000% 0.000000% 0.000000% 68.~~807242~~837943% 90 Days 13.~~408451~~254438% 01.~~000000~~775148% 0.000000% 0.000000% 15.~~408451~~029586% 13.~~079535~~393546% 01.~~000000~~424895% 0.000000% 0.000000% 14.~~079535~~818441% 120 Days 10.~~408451~~295858% 0.~~000000~~887574% 0.000000% 0.000000% 1.~~408451~~183432% 10.~~071632~~160716% 0.~~000000~~713232% 0.000000% 0.000000% 10.~~071632~~873948% 150 Days 10.~~126761~~000000% 0.~~000000~~295858% 0.000000% 0.000000% 10.~~126761~~295858% 10.~~040332~~000000% 0.~~000000~~172530% 0.000000% 0.000000% 10.~~040332~~172530% 180+ Days 61.~~197183~~775148% 05.~~000000~~029586% 0.000000% 0.000000% 6.~~197183~~804734% 21.~~474376~~238224% 01.~~000000~~903132% 0.000000% 0.000000% 23.~~474376~~141357% Totals 3326.~~521127~~923077% 010.~~000000~~059172% 0.000000% 0.000000% 3336.~~521127~~982249% 2925.~~045232~~717523% 05.~~000000~~032963% 0.000000% 0.000000% 2930.~~045232~~750486%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~366~~380,~~842~~481.7991

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class M-1 29,654,082.03 18.40153083% 3031,~~446~~153,~~679~~558.5278 1921.~~74419648~~24581134% 1112.~~913307~~528482% 0.000000% Class M-2 19,018,082.03 11.80147214% 1920,~~810~~517,~~679~~558.5278 1213.~~84691648~~99237198% 67.~~897280~~253439% 0.000000% Class M-3 13,378,082.03 8.30162905% 14,~~170~~877,~~679~~558.5278 910.~~18946450~~14605777% 3.~~657452~~846314% 0.000000% Class M-4 10,236,082.03 6.35189378% 11,~~028~~735,~~679~~558.5278 78.~~15192654~~00330612% 2.~~037538~~142752% 0.000000% Class CE-1 100.00 0.00006205% 100.00 0.~~00006485~~00006820% 56.~~584475~~354915% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.~~000065~~000068% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 01 ~~Aug~~Sep-04 0.000% Original Principal Balance 063,640.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 062,582.0022 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 01 ~~Jan~~Feb-05 0.000% Original Principal Balance 063,640.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 062,582.0022 ~~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~~043% *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 01 ~~Aug~~Sep-04 0.000% Original Principal Balance 063,640.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 062,582.0022 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 01 ~~Jan~~Feb-05 0.000% Original Principal Balance 063,640.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 062,582.0022 ~~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~~074% *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.

REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance NoGroup ~~REO~~1 ~~loans~~0110408800 ~~this~~Aug-2005 ~~period~~01-May-2001 MI 74.00 63,640.00

REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGroup ~~REO~~1 ~~loans~~0110408800 ~~this~~62,582.22 ~~period~~01-Jul-2004 12 10.850% 1,081.28

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 010 ~~Aug~~Sep-04 0.000% Original Principal Balance 0879,050.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0819,556.0038 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 010 ~~Jan~~Feb-05 0.000% Original Principal Balance 0879,050.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0819,556.0038 ~~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~~559% *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 010 ~~Aug~~Sep-04 0.000% Original Principal Balance 0879,050.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0819,556.0038 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 010 ~~Jan~~Feb-05 0.000% Original Principal Balance 0879,050.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0819,556.0038 ~~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~~974% *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.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance NoGroup ~~Foreclosure~~1 ~~loans~~0110206213 ~~this~~Aug-2005 ~~period~~01-Jul-1998 FL 75.00 49,500.00 Group 1 0110408621 Aug-2005 14-Oct-1998 MD 80.00 48,800.00 Group 1 0110408678 Aug-2005 20-Jan-2000 OH 85.00 68,000.00 Group 1 0110408707 Aug-2005 15-Jul-1998 AL 80.00 192,000.00 Group 1 0110408778 Aug-2005 01-Sep-1999 MO 72.31 47,000.00 Group 1 0110408821 Aug-2005 01-Dec-2001 NY 85.00 153,000.00 Group 1 0110409073 Aug-2005 16-Feb-2001 KS 100.00 50,000.00 Group 1 0110409146 Aug-2005 01-May-2000 MD 75.00 51,750.00 Group 1 0110410369 Aug-2005 01-Jun-2002 NY 75.00 30,000.00 Group 1 0110411322 Aug-2005 01-Mar-2002 MN 90.00 189,000.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGroup ~~Foreclosure~~1 ~~loans~~0110206213 ~~this~~47,346.30 ~~period~~01-Nov-2004 7 10.500% 788.78 Group 1 0110408621 40,801.61 14-Jan-2005 5 8.640% 556.14 Group 1 0110408678 65,994.13 20-Sep-2004 9 10.700% 1,124.28 Group 1 0110408707 160,025.11 15-Nov-2004 7 8.250% 2,066.69 Group 1 0110408778 41,262.90 01-Dec-2004 6 9.300% 606.09 Group 1 0110408821 150,760.51 01-Nov-2004 7 11.000% 2,643.92 Group 1 0110409073 46,786.48 16-Nov-2004 7 11.200% 837.82 Group 1 0110409146 50,739.83 01-Dec-2004 6 12.450% 1,012.45 Group 1 0110410369 29,574.89 01-Sep-2004 9 9.900% 464.44 Group 1 0110411322 186,264.62 01-Jan-2005 6 9.990% 2,953.00

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 98.~~791427~~413579% Weighted Average Net Coupon 97.~~295931~~934440% Weighted Average Pass-Through Rate 97.~~223143~~861949% Weighted Average Maturity(Stepdown Calculation) ~~297~~296 Beginning Scheduled Collateral Loan Count 1,~~627~~578 Number Of Loans Paid In Full 4938 Ending Scheduled Collateral Loan Count 1,~~578~~540 Beginning Scheduled Collateral Balance ~~161~~154,~~150~~205,~~082~~715.0383 Ending Scheduled Collateral Balance ~~154~~146,~~205~~633,~~715~~886.8303 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~154~~146,~~238~~674,~~744~~517.1522 Monthly P&I Constant 1,~~391~~282,~~101~~934.2660 Special Servicing Fee 0.00 Prepayment Penalties 85105,~~026~~291.0038 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~267~~201,~~479~~729.3425 Unscheduled Principal 67,~~676~~373,~~886~~002.8649 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~792~~706,~~597~~879.4926 Overcollateralized reduction Amount 0.00 Specified O/C Amount 11,763,671.93 Overcollateralized Amount 89,~~611~~318,~~579~~458.5278 Overcollateralized Deficiency Amount 32,~~152~~445,~~092~~213.4014 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~792~~706,~~597~~879.4926 Excess Cash Amount 0.00

~~Prepayment~~COLLATERAL ~~Detail~~STATEMENT -Collateral ~~Prepayments~~Description ~~during~~Mixed ~~Current~~Fixed ~~Period~~& ~~Summary~~Arm ~~Loans~~Weighted ~~Paid~~Average InCoupon ~~Full~~Rate ~~Repurchased~~8.413579% ~~Loans~~Weighted ~~Original~~Average ~~Current~~Net ~~Original~~Rate ~~Current~~7.934440% ~~Principal~~Weighted ~~Principal~~Average ~~Principal~~Pass Through Rate 7.861949% Weighted Average Maturity 296 Record Date 07/29/2005 Principal ~~Group~~and Interest Constant 1,282,934.60 Beginning Loan Count ~~Balance~~1,578 ~~Balance~~Loans Paid in Full 38 Ending Loan Count 1,540 Beginning Scheduled Balance 154,205,715.83 Ending Scheduled Balance ~~Group~~146,633,886.03 Ending Actual Balance at 29-Jul-2005 146,674,517.22 Scheduled Principal 201,729.25 Unscheduled Principal 7,373,002.49 Scheduled Interest 1,081,205.35 31Servicing 2Fee 61,~~503~~571.70 Master Servicing Fee 6,~~311~~746.63 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 2,~~379,717~~570.0114 0Pool Insurance Fee 0.00 Spread 1 0.00 ~~Group~~Spread 2 180.00 ~~4,440,166~~Spread 3 0.00 4Net Interest 1,~~368~~010,~~044~~316.5688 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 ~~Total~~Prepayment 49Penalties 6105,~~943,477~~291.38 Required Overcollateralized Amount 0.00 6Overcollateralized Increase Amount 706,~~747,761~~879.5726 0Overcollateralized Reduction Amount 0.00 Specified O/C Amount 11,763,671.93 Overcollateralized Amount 9,318,458.78 Overcollateralized Deficiency Amount 2,445,213.14 Base Overcollateralization Amount 0.00

Prepayment Detail - Prepayments during Current Period ~~(continued)~~ Summary ~~Substitution~~ Loans ~~Liquidated~~Paid ~~Loans~~In ~~Curtailments~~Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal ~~Curtailment~~ Group Count Balance Balance Count Balance Balance ~~Amount~~ Group 1 021 02,999,300.0019 02,567,139.0050 0 0.00 0.00 ~~21,221.56~~ Group 2 017 04,831,100.00 04,804,950.0047 0 0.00 0.00 ~~3,858.76~~ Total 038 07,830,400.0019 07,372,089.0097 0 0.00 0.00 ~~25,080.32~~

Prepayment ~~Loan~~ Detail - Prepayments during Current Period ~~First~~(continued) ~~Original~~Summary ~~Loan~~Substitution ~~LTV~~Loans atLiquidated ~~Payment~~Loans ~~Principal~~Curtailments ~~Prepayment~~Original ~~Group~~Current ~~Number~~Original ~~State~~Current ~~Origination~~Principal ~~Date~~Principal ~~Balance~~Principal ~~Amount~~Principal ~~Group~~Curtailment ~~1 0110252111 IL 73.16 01-Oct-1999 139,000.00 134,211.48~~ Group 1Count ~~0110260258~~Balance CABalance ~~95.00~~Count ~~01-Dec-1997~~Balance ~~249,650.00~~Balance ~~227,330.19~~Amount Group 1 ~~0110268674~~0 ~~OH 92~~0.~~69 01-Nov-2003 203,000.~~00 200,382.07 Group 1 0110287192 IN 100.32 15-Sep-2001 15,000.00 13,023.25 Group 1 0110367504 OH 79.38 15-Jul-1999 142,889.00 135,537.49 Group 1 0110367961 MI 100.00 20-Oct-2000 70,231.00 66,801.33 Group 1 0110368695 KY 89.39 02-Aug-1998 39,330.00 0.00 ~~Group 1 0110369234 OH 100.00 15-Jun-1997 17,952.00~~ 0~~.00~~ ~~Group 1 0110369279 OH 100.00 22-May-1998 10,504.00~~ 0.00 ~~Group 1 0110369289 OH 90.46 15-Nov-1997 59,249.00~~ 0.00 ~~Group~~ 1 ~~0110369580 FL 90.00 19-Dec-1998 41~~,~~400~~571.00 40,465.57 Group 1 0110369630 TN 95.72 12-Feb-2000 153,151.00 150,215.51 Group 1 0110369836 KS 75.88 01-Mar-2000 56,302.00 54,909.01 Group 1 0110407757 FL 74.29 01-May-2001 52,000.00 43,032.64 Group 1 0110407767 SC 85.00 01-Oct-2003 131,750.00 129,832.64 Group 1 0110408626 IL 83.86 01-May-1999 187,000.00 178,635.26 Group 1 0110408854 PA 84.47 01-Jan-2001 198,500.00 192,377.44 Group 1 0110408882 AL 89.98 01-Mar-2001 44,900.00 44,143.21 Group 1 0110409002 CT 100.00 01-Sep-2001 43,000.00 37,542.62 Group 1 0110409203 AR 90.00 01-Aug-2004 62,100.00 61,511.64 Group 1 0110409977 KS 85.00 30-Sep-2002 140,250.00 137,634.27 Group 1 0110411153 IN 96~~.43~~ ~~01-Jul-2002 67,500.00 66,324.99~~ Group 1 0110411194 TN 85.00 08-Jun-2002 52,700.00 51,668.19 Group 1 0110411272 PA 86.96 01-Apr-2002 100,000.00 97,495.16 Group 1 0110423645 MD 95.00 01-May-2004 10,150.00 9,483.02 Group 1 0110426228 WA 100.00 01-May-2004 35,814.00 35,039.06 Group 1 0110426252 MN 100.01 01-Mar-2004 32,946.00 32,181.66 Group 1 0110435173 CA 95.00 01-Oct-2004 56,643.00 56,433.24 Group 1 0110465026 IL 85.00 01-Feb-2005 13,350.00 13,074.47 Group 1 0110475891 MD 100.00 01-Dec-2004 48,400.00 48,153.73 Group 1 0110475922 AZ 100.00 01-Jan-2005 28,650.00 28,593.55 Group 2 ~~0110172945~~0 ~~WA 79~~0.~~12 01-Nov-1999 144,000.~~00 ~~138,906~~0.~~23 Group 2 0110206903 CT 73.68 01-Apr-1987 119,000.~~00 ~~75,344.40~~0 ~~Group 2 0110306006 VA 85~~0.00 ~~01-May-2004 270,567~~0.00 ~~267~~3,~~247~~332.5293 ~~Group~~Total 20 ~~0110331776 NY 80~~0.00 ~~01-Sep-2004 212,000~~0.00 ~~208,838.63~~0 ~~Group 2 0110370009 MO 80~~0.00 ~~01-Jul-1999 45,600~~0.00 434,~~825~~904.44 Group 2 0110370165 NM 80.00 01-Jun-1999 128,800.00 120,859.40 Group 2 0110388179 CA 70.00 01-Dec-2004 390,600.00 389,388.72 Group 2 0110407769 NV 95.00 01-Jan-2003 121,600.00 118,243.80 Group 2 0110423436 CA 80.00 01-Dec-2004 404,000.00 403,998.20 Group 2 0110423534 CA 75.00 01-Aug-2004 95,999.00 95,141.39 Group 2 0110426261 CA 90.00 01-Aug-2004 369,000.00 368,895.80 Group 2 0110426300 CA 80.00 01-Jun-2004 214,000.00 214,000.00 Group 2 0110426341 CA 86.15 01-Jan-2005 318,750.00 318,750.00 Group 2 0110433503 FL 85.00 01-Aug-2004 89,250.00 88,632.40 Group 2 0110435176 CA 68.50 01-Nov-2004 650,000.00 650,000.00 Group 2 0110465892 CA 80.00 01-Nov-2004 336,000.00 334,034.12 Group 2 0110475942 CT 80.00 01-Feb-2005 296,000.00 295,412.19 Group 2 0110475943 NY 73.44 01-Jan-2005 235,000.00 234,255.61

Prepayment Loan Detail - Prepayments during Current Period ~~(continued)~~First ~~Current~~Original Loan ~~PIF~~LTV ~~Months~~at ~~Loan~~Payment ~~Original~~Principal Prepayment Group Number ~~Type~~State ~~Delinquent~~Origination ~~Rate~~Date ~~Term~~Balance ~~Seasoning~~Amount Group 1 ~~0110252111~~0110259873 ~~Loan~~PA ~~Paid~~65.21 in01-Sep-1994 ~~Full~~153,250.00 ~~0 9~~140,207.~~625%~~81 ~~360 69~~ Group 1 ~~0110260258~~0110260173 ~~Loan~~FL ~~Paid~~65.85 in01-Jan-1999 ~~Full~~405,000.00 ~~0 7~~373,132.~~750%~~36 ~~360 91~~ Group 1 ~~0110268674~~0110260200 ~~Loan~~MD ~~Paid~~75.00 in01-Oct-1998 ~~Full~~487,500.00 ~~0 8~~446,452.~~250%~~25 ~~360 20~~ Group 1 ~~0110287192~~0110260516 ~~Loan~~CA ~~Paid~~60.00 in01-Feb-1998 ~~Full~~441,000.00 ~~0 11~~400,808.~~100%~~52 ~~180 46~~ Group 1 ~~0110367504~~0110260556 ~~Loan~~IL ~~Paid~~62.26 in01-May-1994 ~~Full 10 12~~330,000.~~250%~~00 ~~362 72 Group 1 0110367961 Loan Paid in Full 2 11~~118,098.~~990%~~29 ~~240 56~~ Group 1 ~~0110368695~~0110260656 ~~Loan~~VA ~~Paid in Full 0 10~~83.~~000%~~19 ~~180~~01-Dec-1993 ~~83 Group 1 0110369234 Loan Paid in Full 0 14~~217,950.~~500%~~00 ~~182 97 Group 1 0110369279 Loan Paid in Full 1 13~~179,730.~~990%~~60 ~~84 0~~ Group 1 ~~0110369289~~0110367591 ~~Loan~~MI ~~Paid in Full 2 10~~99.~~000%~~18 ~~242~~03-Jun-2000 92,242.00 ~~Group 1 0110369580 Loan Paid in Full 1 9~~90,518.~~500%~~12 ~~362 78~~ Group 1 ~~0110369630~~0110367799 ~~Loan~~KY ~~Paid~~100.00 in13-Jan-2001 ~~Full~~48,067.00 ~~0 7~~44,678.~~500%~~57 ~~360 65~~ Group 1 ~~0110369836~~0110367816 ~~Loan~~OH ~~Paid~~100.00 in10-Dec-2000 ~~Full 0 7~~20,614.~~500%~~00 ~~360 64 Group 1 0110407757 Loan Paid in Full 0 7~~17,848.~~510%~~48 ~~180 50~~ Group 1 ~~0110407767~~0110367941 ~~Loan~~MI ~~Paid in Full 0 8~~90.~~375% 360~~ 21 ~~Group~~26-Oct-2000 ~~1 0110408626 Loan Paid in Full 0 9~~68,562.~~790%~~00 ~~180 74 Group 1 0110408854 Loan Paid in Full 0 9~~66,935.~~950%~~83 ~~185 54~~ Group 1 ~~0110408882~~0110368331 ~~Loan~~IN ~~Paid in Full 0 12~~100.~~550%~~00 ~~366~~05-Apr-1997 ~~52 Group 1 0110409002 Loan Paid in Full 0 9~~23,739.~~500%~~00 ~~186 46 Group 1 0110409203 Loan Paid in Full 0~~ 7,450.~~360%~~26 ~~360 11~~ Group 1 ~~0110409977~~0110368410 ~~Loan~~PA ~~Paid~~80.07 in01-Apr-2000 ~~Full~~41,636.00 ~~0 9~~39,882.~~450%~~57 ~~180 33~~ Group 1 ~~0110411153~~0110368535 ~~Loan~~KY ~~Paid~~97.35 in05-May-1999 ~~Full~~63,275.00 ~~0 10~~56,632.~~500%~~39 ~~180 36~~ Group 1 ~~0110411194~~0110368702 ~~Loan~~KY ~~Paid~~94.05 in03-Nov-1997 ~~Full~~96,398.00 ~~0 9~~91,368.~~750%~~24 ~~180 37~~ Group 1 ~~0110411272~~0110408810 ~~Loan~~IL ~~Paid~~39.68 in30-Nov-2000 ~~Full~~25,000.00 ~~0 8~~20,153.~~990%~~90 ~~180 39~~ Group 1 ~~0110423645~~0110409779 ~~Loan~~SC ~~Paid~~86.21 in20-Oct-2002 ~~Full~~125,001.00 ~~0 12~~111,768.~~000%~~84 ~~120 14~~ Group 1 ~~0110426228~~0110423596 ~~Loan~~MI ~~Paid~~95.00 in01-Nov-2004 ~~Full~~6,200.00 ~~0 9~~5,947.~~900%~~23 ~~240 14~~ Group 1 ~~0110426252~~0110463973 ~~Loan~~FL ~~Paid~~100.00 in01-Apr-2005 ~~Full~~18,800.00 ~~0 9~~18,691.~~730%~~46 ~~240 16~~ Group 1 ~~0110435173~~0110475899 ~~Loan~~MD ~~Paid~~100.00 in01-Jan-2005 ~~Full~~50,400.00 ~~0 10~~50,243.~~500%~~39 ~~180 9~~ Group 1 ~~0110465026~~0110475966 ~~Loan~~MD ~~Paid~~90.00 in01-Feb-2005 ~~Full~~208,350.00 ~~0 13~~207,308.~~250%~~21 ~~120 5~~ Group 1 ~~0110475891~~0110549584 ~~Loan~~AZ ~~Paid in Full~~ 0 8.~~990%~~00 ~~360~~15-Jan-2000 776,316.19 ~~Group 1 0110475922 Loan Paid in Full 0 10~~73,339.~~625%~~29 ~~360 6~~ Group 2 ~~0110172945~~0110290809 ~~Loan~~CA ~~Paid~~70.00 in01-Sep-2004 ~~Full~~224,000.00 ~~0 9~~224,007.~~125%~~44 ~~360 68~~ Group 2 ~~0110206903~~0110388976 ~~Loan~~CA ~~Paid~~80.00 in01-Mar-2004 ~~Full~~448,000.00 ~~0 4~~442,122.~~875%~~28 ~~360 219~~ Group 2 ~~0110306006~~0110408950 ~~Loan~~PA ~~Paid~~90.00 in01-Aug-2003 ~~Full~~189,000.00 ~~0 6~~187,983.~~850%~~23 ~~360 14~~ Group 2 ~~0110331776~~0110423517 ~~Loan~~IL ~~Paid~~57.56 in01-Dec-2004 ~~Full~~118,000.00 ~~0 6~~117,187.~~250%~~16 ~~360 10~~ Group 2 ~~0110370009~~0110423533 ~~Loan~~PA ~~Paid in Full 0 11~~75.~~250%~~00 ~~360~~01-Sep-2004 ~~72 Group 2 0110370165 Loan Paid in Full 0 9~~86,250.~~000%~~00 ~~360~~ 85,705.73 Group 2 ~~0110388179~~0110426263 ~~Loan~~NJ ~~Paid~~95.00 in01-Sep-2004 ~~Full~~351,500.00 ~~0 9~~348,390.~~500%~~97 ~~360 7~~ Group 2 ~~0110407769~~0110426271 ~~Loan~~CA ~~Paid~~31.76 in01-Dec-2004 ~~Full~~108,000.00 ~~0 8~~107,283.~~250%~~86 ~~360 30~~ Group 2 ~~0110423436~~0110426298 ~~Loan~~CA ~~Paid~~90.00 in01-Oct-2004 ~~Full~~342,000.00 ~~0 6~~340,759.~~875%~~99 ~~360 7~~ Group 2 ~~0110423534~~0110426319 ~~Loan~~CA ~~Paid~~90.00 in01-Sep-2004 ~~Full~~414,000.00 ~~0 7~~414,000.~~350%~~00 ~~360 11~~ Group 2 ~~0110426261~~0110426369 ~~Loan~~CA ~~Paid~~80.00 in01-Jul-2004 ~~Full~~346,400.00 ~~0 6~~345,740.~~450%~~60 ~~360 11~~ Group 2 ~~0110426300~~0110428521 ~~Loan~~CA ~~Paid~~75.00 in01-Feb-2005 ~~Full~~228,750.00 ~~0 5~~228,062.~~600%~~36 ~~360 13~~ Group 2 ~~0110426341~~0110433494 ~~Loan~~NY ~~Paid~~80.00 in01-Sep-2004 ~~Full~~486,000.00 ~~0 5~~484,293.~~990%~~01 ~~360 6~~ Group 2 ~~0110433503~~0110436341 ~~Loan~~IL ~~Paid~~85.00 in01-Sep-2004 ~~Full~~119,000.00 ~~0 8~~117,929.~~490%~~61 ~~360 11~~ Group 2 ~~0110435176~~0110465867 ~~Loan~~CA ~~Paid~~80.00 in01-May-2004 ~~Full~~263,200.00 ~~0 7~~263,200.~~000%~~00 ~~360 8~~ Group 2 ~~0110465892~~0110465879 ~~Loan~~VA ~~Paid~~90.00 in01-Feb-2005 ~~Full~~283,500.00 ~~0 6~~281,844.~~990%~~19 ~~360 8~~ Group 2 ~~0110475942~~0110465905 ~~Loan~~NY ~~Paid~~72.73 in01-Aug-2004 ~~Full~~400,000.00 ~~0 8~~395,621.~~100%~~40 ~~360 5~~ Group 2 ~~0110475943~~0110475945 ~~Loan~~MA ~~Paid~~55.72 in01-Nov-2004 ~~Full 0 8~~423,500.~~350%~~00 ~~360 6~~422,769.16

~~Summary~~Prepayment ~~SMM~~Loan ~~CPR~~Detail ~~PSA~~- ~~Current~~Prepayments ~~Month~~during ~~4.150%~~ Current ~~Month~~Period ~~39.869%~~(continued) Current ~~Month~~Loan ~~664.487%~~PIF 3Months ~~Month~~Loan ~~Average~~Original ~~0.000%~~Group 3Number ~~Month~~Type ~~Average~~Delinquent ~~0.000%~~Rate 3Term ~~Month~~Seasoning ~~Average~~Group ~~0.000%~~1 120110259873 ~~Month~~Loan ~~Average~~Paid ~~0.000%~~in 12Full ~~Month~~33 ~~Average 0~~8.~~000~~625% 12360 ~~Month~~131 ~~Average~~Group ~~0.000%~~1 ~~CPR:~~0110260173 ~~Current~~Loan vsPaid ~~12mo~~in Average*Full ~~PSA:~~0 ~~Current~~7.250% vs360 ~~12mo~~79 Average*Group ~~Month~~1 ~~Current~~0110260200 ~~12mo~~Loan ~~Avg.~~Paid ~~Month~~in ~~Current~~Full ~~12mo~~4 ~~Avg~~7.375% ~~Aug-2004~~360 ~~N/A~~82 ~~N/A~~Group ~~Aug-2004~~1 ~~N/A~~0110260516 ~~N/A~~Loan ~~Sep-2004~~Paid ~~N/A~~in ~~N/A~~Full ~~Sep-2004~~0 ~~N/A~~7.600% ~~N/A~~360 ~~Oct-2004~~90 ~~N/A~~Group ~~N/A~~1 ~~Oct-2004~~0110260556 ~~N/A~~Loan ~~N/A~~Paid ~~Nov-2004~~in ~~N/A~~Full ~~N/A~~2 ~~Nov-2004~~7.250% ~~N/A~~180 ~~N/A~~135 ~~Dec-2004~~Group ~~N/A~~1 ~~N/A~~0110260656 ~~Dec-2004~~Loan ~~N/A~~Paid ~~N/A~~in ~~Jan-2005~~Full ~~N/A~~0 ~~N/A~~7.125% ~~Jan-2005~~360 ~~N/A~~140 ~~N/A~~Group ~~Feb-2005~~1 ~~N/A~~0110367591 ~~N/A~~Loan ~~Feb-2005~~Paid ~~N/A~~in ~~N/A~~Full ~~Mar-2005~~1 ~~N/A~~10.500% ~~N/A~~360 ~~Mar-2005~~62 ~~N/A~~Group ~~N/A~~1 ~~Apr-2005~~0110367799 ~~N/A~~Loan ~~N/A~~Paid ~~Apr-2005~~in ~~N/A~~Full ~~N/A~~0 ~~May-2005~~12.750% ~~N/A~~240 ~~N/A~~55 ~~May-2005~~Group ~~N/A~~1 ~~N/A~~0110367816 ~~Jun-2005~~Loan ~~N/A~~Paid ~~N/A~~in ~~Jun-2005~~Full ~~N/A~~0 ~~N/A Jul-2005 39~~12.~~869~~990% ~~N/A~~180 ~~Jul-2005~~56 ~~664.487%~~Group ~~N/A~~1 *The0110367941 ~~text~~Loan ~~reported~~Paid in ~~the~~Full ~~above~~0 ~~table~~9.000% is360 ~~presented~~57 *TheGroup ~~text~~1 ~~reported~~0110368331 inLoan ~~the~~Paid ~~above~~in ~~table~~Full is0 ~~presented~~11.990% ~~graphically~~180 on100 ~~the~~Group ~~monthly~~1 ~~bond~~0110368410 ~~remittance~~Loan ~~report.~~Paid ~~The~~in ~~graphically~~Full on0 ~~the monthly bond remittance report~~9.000% ~~The~~313 ~~monthly~~64 ~~bond~~Group ~~remittance~~1 ~~report~~0110368535 ~~can~~Loan bePaid ~~viewed~~in ~~online~~Full at2 ~~monthly bond remittance report can be viewed online at www~~12.~~ctslink.com.~~250% ~~www.ctslink.com.~~244 75 Group 1 ~~SMM~~0110368702 ~~CPR~~Loan ~~PSA~~Paid ~~Current~~in ~~Month~~Full 2~~.588%~~ ~~Current Month 26~~9.~~994~~750% ~~Current~~256 ~~Month~~93 ~~449.907%~~Group 31 ~~Month~~0110408810 ~~Average~~Loan ~~0.000%~~Paid 3in ~~Month~~Full ~~Average~~1 010.~~000~~950% 3180 ~~Month~~56 ~~Average~~Group ~~0.000%~~1 120110409779 ~~Month~~Loan ~~Average~~Paid ~~0.000%~~in 12Full ~~Month Average~~ 0~~.000%~~ ~~12 Month Average 0~~8.~~000~~500% ~~CPR:~~180 ~~Current~~33 vsGroup ~~12mo~~1 Average*0110423596 ~~PSA:~~Loan ~~Current~~Paid vsin ~~12mo~~Full Average*0 ~~Month Current 12mo Avg~~11.990% ~~Month~~120 ~~Current~~9 ~~12mo~~Group ~~Avg.~~1 ~~Aug-2004~~0110463973 ~~N/A~~Loan ~~N/A~~Paid ~~Aug-2004~~in ~~N/A~~Full ~~N/A~~1 ~~Sep-2004~~12.525% ~~N/A~~180 ~~N/A~~4 ~~Sep-2004~~Group ~~N/A~~1 ~~N/A~~0110475899 ~~Oct-2004~~Loan ~~N/A~~Paid ~~N/A~~in ~~Oct-2004~~Full ~~N/A~~1 ~~N/A~~9.375% ~~Nov-2004~~360 ~~N/A~~7 ~~N/A~~Group ~~Nov-2004~~1 ~~N/A~~0110475966 ~~N/A~~Loan ~~Dec-2004~~Paid ~~N/A~~in ~~N/A~~Full ~~Dec-2004~~0 ~~N/A~~6.990% ~~N/A~~360 ~~Jan-2005~~6 ~~N/A~~Group ~~N/A~~1 ~~Jan-2005~~0110549584 ~~N/A~~Loan ~~N/A~~Paid ~~Feb-2005~~in ~~N/A~~Full ~~N/A~~0 ~~Feb-2005~~10.250% ~~N/A~~360 ~~N/A~~67 ~~Mar-2005~~Group ~~N/A~~2 ~~N/A~~0110290809 ~~Mar-2005~~Loan ~~N/A~~Paid ~~N/A~~in ~~Apr-2005~~Full ~~N/A~~2 ~~N/A~~15.000% ~~Apr-2005~~360 ~~N/A~~11 ~~N/A~~Group ~~May-2005~~2 ~~N/A~~0110388976 ~~N/A~~Loan ~~May-2005~~Paid ~~N/A~~in ~~N/A~~Full ~~Jun-2005~~2 ~~N/A N/A Jun-2005 N/A N/A Jul-2005 26~~6.~~994~~875% ~~N/A~~360 ~~Jul-2005~~17 ~~449.907%~~Group ~~N/A~~2 *The0110408950 ~~text~~Loan ~~reported~~Paid in ~~the~~Full ~~above~~9 ~~table~~16.000% is360 ~~presented~~24 *TheGroup ~~text~~2 ~~reported~~0110423517 inLoan ~~the~~Paid ~~above~~in ~~table~~Full is0 ~~presented~~10.250% ~~graphically~~360 on8 ~~the~~Group ~~monthly~~2 ~~bond~~0110423533 ~~remittance~~Loan ~~report.~~Paid ~~The~~in ~~graphically~~Full on0 ~~the monthly bond remittance report~~9.300% ~~The~~360 ~~monthly~~11 ~~bond~~Group ~~remittance~~2 ~~report~~0110426263 ~~can~~Loan bePaid ~~viewed~~in ~~online~~Full at0 ~~monthly bond remittance report can be viewed online at www~~7.~~ctslink.com.~~250% ~~www.ctslink.com.~~360 11 Group 2 ~~SMM~~0110426271 ~~CPR~~Loan ~~PSA~~Paid ~~Current~~in ~~Month~~Full 0 6.~~092~~850% ~~Current~~360 ~~Month~~8 ~~52.964%~~Group ~~Current~~2 ~~Month~~0110426298 ~~1,533.545%~~Loan 3Paid ~~Month~~in ~~Average~~Full 0~~.000%~~ ~~3 Month Average 0~~6.~~000~~990% 3360 ~~Month~~10 ~~Average~~Group ~~0.000%~~2 120110426319 ~~Month~~Loan ~~Average~~Paid ~~0.000%~~in 12Full ~~Month Average~~ 0~~.000%~~ ~~12 Month Average 0~~7.~~000~~400% ~~CPR:~~360 ~~Current~~11 vsGroup ~~12mo~~2 Average*0110426369 ~~PSA:~~Loan ~~Current~~Paid vsin ~~12mo~~Full Average*2 ~~Month Current 12mo Avg~~6.225% ~~Month~~360 ~~Current~~13 ~~12mo~~Group ~~Avg.~~2 ~~Aug-2004~~0110428521 ~~N/A~~Loan ~~N/A~~Paid ~~Aug-2004~~in ~~N/A~~Full ~~N/A~~0 ~~Sep-2004~~9.600% ~~N/A~~360 ~~N/A~~6 ~~Sep-2004~~Group ~~N/A~~2 ~~N/A~~0110433494 ~~Oct-2004~~Loan ~~N/A~~Paid ~~N/A~~in ~~Oct-2004~~Full ~~N/A~~2 ~~N/A~~10.750% ~~Nov-2004~~360 ~~N/A~~11 ~~N/A~~Group ~~Nov-2004~~2 ~~N/A~~0110436341 ~~N/A~~Loan ~~Dec-2004~~Paid ~~N/A~~in ~~N/A~~Full ~~Dec-2004~~0 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 527.~~964~~625% ~~N/A~~360 ~~Jul-2005~~11 ~~1,533.545%~~Group ~~N/A~~2 *The0110465867 ~~text~~Loan ~~reported~~Paid in ~~the~~Full ~~above~~1 ~~table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report~~6.500% ~~The~~360 ~~graphically~~15 onGroup ~~the~~2 ~~monthly~~0110465879 ~~bond~~Loan ~~remittance~~Paid ~~report.~~in ~~The~~Full ~~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~~1): ~~(Partial~~6.999% ~~and~~360 ~~full~~6 ~~prepayments~~Group +2 ~~Repurchases)~~0110465905 /Loan ~~(Beginning~~Paid ~~Scheduled~~in ~~Balance~~Full -0 ~~Scheduled~~6.250% ~~Principal)~~360 ~~Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^~~12) ~~PSA~~Group ~~Standard~~2 ~~Prepayment~~0110475945 ~~Model:~~Loan ~~100~~Paid *in ~~CPR~~Full ~~/ (~~0 14.2000% *360 ~~MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))~~9

Prepayment - Voluntary Prepayments

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. 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 · ACE Securities Corp Home Equity Loan Trust Series 2005-SD2