8-K 1 msi05wm2_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 MORGAN STANLEY ABS CAPITAL I, INC. Mortgage Pass-Through Certificates, Series 2005-WM2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113543-29 54-2169481 Pooling and Servicing Agreement) (Commission 54-2169482 (State or other File Number) 54-6658775 jurisdiction IRS EIN of Incorporation) C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 MORGAN STANLEY ABS CAPITAL I, INC., Mortgage Pass-Through Certificates, Series 2005-WM2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-WM2 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. MORGAN STANLEY ABS CAPITAL I, INC. Mortgage Pass-Through Certificates, Series 2005-WM2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-WM2 Trust, relating to the August 25, 2005 distribution. EX-99.1

Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Record Date: 57/3129/2005 Distribution Date: 68/2725/2005 Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Series 2005-WM2 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-1ss 61744CNL6 SEN 3.~~49500~~86500% ~~368~~341,~~735~~910,~~763~~952.7154 1,~~181~~137,~~337~~946.2013 A-1mz 61744CNM4 SEN 3.~~34000~~71000% 4037,~~971~~990,~~066~~501.6507 ~~125~~121,~~439~~369.7510 A-2a 61744CNN2 SEN 3.~~17000~~54000% ~~336~~293,~~563~~299,~~451~~104.9784 ~~977~~894,~~997~~073.3044 A-2b 61744CNP7 SEN 3.~~27000~~64000% 123,211,000.00 ~~369~~386,~~324~~198.9703 A-2c 61744CNQ5 SEN 3.~~39000~~76000% 105,000,000.00 ~~326~~339,~~287~~966.5067 M-1 61744CNR3 MEZ 3.~~48000~~85000% 42,378,000.00 ~~135~~140,~~185~~494.8284 M-2 61744CNS1 MEZ 3.~~52000~~89000% 40,452,000.00 ~~130~~135,~~525~~502.1296 M-3 61744CNT9 MEZ 3.~~56000~~93000% 24,399,000.00 7982,~~622~~570.0728 M-4 61744CNU6 MEZ 34.~~71000~~08000% 21,189,000.00 7274,~~060~~444.2602 M-5 61744CNV4 MEZ 34.~~74000~~11000% 21,831,000.00 7477,~~843~~263.9455 M-6 61744CNW2 MEZ 34.~~78000~~15000% 19,263,000.00 6668,~~746~~838.2947 B-1 61744CNX0 SUB 4.~~26000~~63000% 17,337,000.00 6769,~~700~~121.9966 B-2 61744CNY8 SUB 4.~~39000~~76000% 14,768,000.00 5960,~~428~~532.8939 B-3 61744CNZ5 SUB 45.~~89000~~26000% 14,126,000.00 63,~~319~~982.7993 P MSI05WM2P SEN 0.00000% 0.00 ~~466~~1,~~014~~040,107.6277 X MSI05WM2C SEN 0.00000% 43,020,033.09 2,~~842~~520,~~028~~361.9677 Totals 1,~~233~~160,~~244~~174,~~315~~591.4254 7,~~037~~212,~~863~~774.4701

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1ss 921,~~279~~746,~~964~~892.6077 0.00 ~~359~~320,~~455~~164,~~799~~059.1177 1022,~~461~~884,~~301~~838.8090 0.00 A-1mz 12,~~031~~416,~~117~~346.9056 0.00 3935,~~939~~574,~~948~~154.7551 12,~~156~~537,~~557~~715.6566 0.00 A-2a 1832,~~926~~530,~~501~~515.8013 0.00 ~~317~~260,~~636~~768,~~950~~589.1771 1933,~~904~~424,~~499~~588.1057 0.00 A-2b 0.00 0.00 123,211,000.00 ~~369~~386,~~324~~198.9703 0.00 A-2c 0.00 0.00 105,000,000.00 ~~326~~339,~~287~~966.5067 0.00 M-1 0.00 0.00 42,378,000.00 ~~135~~140,~~185~~494.8284 0.00 M-2 0.00 0.00 40,452,000.00 ~~130~~135,~~525~~502.1296 0.00 M-3 0.00 0.00 24,399,000.00 7982,~~622~~570.0728 0.00 M-4 0.00 0.00 21,189,000.00 7274,~~060~~444.2602 0.00 M-5 0.00 0.00 21,831,000.00 7477,~~843~~263.9455 0.00 M-6 0.00 0.00 19,263,000.00 6668,~~746~~838.2947 0.00 B-1 0.00 0.00 17,337,000.00 6769,~~700~~121.9966 0.00 B-2 0.00 0.00 14,768,000.00 5960,~~428~~532.8939 0.00 B-3 0.00 0.00 14,126,000.00 63,~~319~~982.7993 0.00 P 0.00 0.00 0.00 ~~466~~1,~~014~~040,107.6277 0.00 X 0.00 0.00 43,020,033.09 2,~~842~~520,~~028~~361.9677 0.00 Totals 2956,~~237~~693,~~584~~754.3046 0.00 1,~~204~~103,~~006~~480,~~731~~837.1208 3663,~~275~~906,~~447~~528.7747 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-1ss 384,485,000.00 ~~368~~341,~~735~~910,~~763~~952.7154 0.00 921,~~279~~746,~~964~~892.6077 0.00 0.00 A-1mz 42,721,000.00 4037,~~971~~990,~~066~~501.6507 0.00 12,~~031~~416,~~117~~346.9056 0.00 0.00 A-2a 370,000,000.00 ~~336~~293,~~563~~299,~~451~~104.9784 0.00 1832,~~926~~530,~~501~~515.8013 0.00 0.00 A-2b 123,211,000.00 123,211,000.00 0.00 0.00 0.00 0.00 A-2c 105,000,000.00 105,000,000.00 0.00 0.00 0.00 0.00 M-1 42,378,000.00 42,378,000.00 0.00 0.00 0.00 0.00 M-2 40,452,000.00 40,452,000.00 0.00 0.00 0.00 0.00 M-3 24,399,000.00 24,399,000.00 0.00 0.00 0.00 0.00 M-4 21,189,000.00 21,189,000.00 0.00 0.00 0.00 0.00 M-5 21,831,000.00 21,831,000.00 0.00 0.00 0.00 0.00 M-6 19,263,000.00 19,263,000.00 0.00 0.00 0.00 0.00 B-1 17,337,000.00 17,337,000.00 0.00 0.00 0.00 0.00 B-2 14,768,000.00 14,768,000.00 0.00 0.00 0.00 0.00 B-3 14,126,000.00 14,126,000.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 X 0.00 43,020,033.09 0.00 0.00 0.00 0.00 Totals 1,241,160,000.00 1,~~233~~160,~~244~~174,~~315~~591.4254 0.00 2956,~~237~~693,~~584~~754.3046 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-1ss 921,~~279~~746,~~964~~892.6077 ~~359~~320,~~455~~164,~~799~~059.1177 0.~~93490201~~83270884 921,~~279~~746,~~964~~892.6077 A-1mz 12,~~031~~416,~~117~~346.9056 3935,~~939~~574,~~948~~154.7551 0.~~93490201~~83270884 12,~~031~~416,~~117~~346.9056 A-2a 1832,~~926~~530,~~501~~515.8013 ~~317~~260,~~636~~768,~~950~~589.1771 0.~~85847824~~70477997 1832,~~926~~530,~~501~~515.8013 A-2b 0.00 123,211,000.00 1.00000000 0.00 A-2c 0.00 105,000,000.00 1.00000000 0.00 M-1 0.00 42,378,000.00 1.00000000 0.00 M-2 0.00 40,452,000.00 1.00000000 0.00 M-3 0.00 24,399,000.00 1.00000000 0.00 M-4 0.00 21,189,000.00 1.00000000 0.00 M-5 0.00 21,831,000.00 1.00000000 0.00 M-6 0.00 19,263,000.00 1.00000000 0.00 B-1 0.00 17,337,000.00 1.00000000 0.00 B-2 0.00 14,768,000.00 1.00000000 0.00 B-3 0.00 14,126,000.00 1.00000000 0.00 P 0.00 0.00 0.00000000 0.00 X 0.00 43,020,033.09 0.00000000 0.00 Totals 2956,~~237~~693,~~584~~754.3046 1,~~204~~103,~~006~~480,~~731~~837.1208 0.~~97006569~~88907219 2956,~~237~~693,~~584~~754.3046

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1ss 384,485,000.00 ~~959~~889.~~03809956~~26993911 0.00000000 2456.~~13609009~~56109541 0.00000000 A-1mz 42,721,000.00 ~~959~~889.~~03809953~~26993914 0.00000000 2456.~~13608998~~56109548 0.00000000 A-2a 370,000,000.00 ~~909~~792.~~63095127~~70028335 0.00000000 5187.~~15270757~~92031116 0.00000000 A-2b 123,211,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2c 105,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 42,378,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 40,452,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 24,399,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 21,189,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 21,831,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 19,263,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 17,337,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 14,768,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 14,126,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X 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-1ss 0.00000000 2456.~~13609009~~56109541 ~~934~~832.~~90200947~~70884370 0.~~93490201~~83270884 2456.~~13609009~~56109541 A-1mz 0.00000000 2456.~~13608998~~56109548 ~~934~~832.~~90200955~~70884366 0.~~93490201~~83270884 2456.~~13608998~~56109548 A-2a 0.00000000 5187.~~15270757~~92031116 ~~858~~704.~~47824370~~77997219 0.~~85847824~~70477997 5187.~~15270757~~92031116 A-2b 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2c 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 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-1ss 384,485,000.00 3.~~49500~~86500% ~~368~~341,~~735~~910,~~763~~952.7154 1,~~181~~137,~~337~~946.2013 0.00 0.00 A-1mz 42,721,000.00 3.~~34000~~71000% 4037,~~971~~990,~~066~~501.6507 ~~125~~121,~~439~~369.7510 0.00 0.00 A-2a 370,000,000.00 3.~~17000~~54000% ~~336~~293,~~563~~299,~~451~~104.9784 ~~977~~894,~~997~~073.3044 0.00 0.00 A-2b 123,211,000.00 3.~~27000~~64000% 123,211,000.00 ~~369~~386,~~324~~198.9703 0.00 0.00 A-2c 105,000,000.00 3.~~39000~~76000% 105,000,000.00 ~~326~~339,~~287~~966.5067 0.00 0.00 M-1 42,378,000.00 3.~~48000~~85000% 42,378,000.00 ~~135~~140,~~185~~494.8284 0.00 0.00 M-2 40,452,000.00 3.~~52000~~89000% 40,452,000.00 ~~130~~135,~~525~~502.1296 0.00 0.00 M-3 24,399,000.00 3.~~56000~~93000% 24,399,000.00 7982,~~622~~570.0728 0.00 0.00 M-4 21,189,000.00 34.~~71000~~08000% 21,189,000.00 7274,~~060~~444.2602 0.00 0.00 M-5 21,831,000.00 34.~~74000~~11000% 21,831,000.00 7477,~~843~~263.9455 0.00 0.00 M-6 19,263,000.00 34.~~78000~~15000% 19,263,000.00 6668,~~746~~838.2947 0.00 0.00 B-1 17,337,000.00 4.~~26000~~63000% 17,337,000.00 6769,~~700~~121.9966 0.00 0.00 B-2 14,768,000.00 4.~~39000~~76000% 14,768,000.00 5960,~~428~~532.8939 0.00 0.00 B-3 14,126,000.00 45.~~89000~~26000% 14,126,000.00 63,~~319~~982.7993 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 X 0.00 0.00000% 1,~~276~~203,~~264~~194,~~348~~624.6475 0.00 0.00 0.00 Totals 1,241,160,000.00 3,~~729~~652,~~819~~304.8947 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-1ss 0.00 0.00 1,~~181~~137,~~337~~946.2013 0.00 ~~359~~320,~~455~~164,~~799~~059.1177 A-1mz 0.00 0.00 ~~125~~121,~~439~~369.7510 0.00 3935,~~939~~574,~~948~~154.7551 A-2a 0.00 0.00 ~~977~~894,~~997~~073.3044 0.00 ~~317~~260,~~636~~768,~~950~~589.1771 A-2b 0.00 0.00 ~~369~~386,~~324~~198.9703 0.00 123,211,000.00 A-2c 0.00 0.00 ~~326~~339,~~287~~966.5067 0.00 105,000,000.00 M-1 0.00 0.00 ~~135~~140,~~185~~494.8284 0.00 42,378,000.00 M-2 0.00 0.00 ~~130~~135,~~525~~502.1296 0.00 40,452,000.00 M-3 0.00 0.00 7982,~~622~~570.0728 0.00 24,399,000.00 M-4 0.00 0.00 7274,~~060~~444.2602 0.00 21,189,000.00 M-5 0.00 0.00 7477,~~843~~263.9455 0.00 21,831,000.00 M-6 0.00 0.00 6668,~~746~~838.2947 0.00 19,263,000.00 B-1 0.00 0.00 6769,~~700~~121.9966 0.00 17,337,000.00 B-2 0.00 0.00 5960,~~428~~532.8939 0.00 14,768,000.00 B-3 0.00 0.00 63,~~319~~982.7993 0.00 14,126,000.00 P 0.00 0.00 ~~466~~1,~~014~~040,107.6277 0.00 0.00 X 0.00 0.00 2,~~842~~520,~~028~~361.9677 0.00 1,~~247~~146,~~026~~500,~~764~~870.3429 Totals 0.00 0.00 7,~~037~~212,~~863~~774.4701 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-1ss 384,485,000.00 3.~~49500~~86500% ~~959~~889.~~03809956~~26993911 32.~~07251830~~95966326 0.00000000 0.00000000 A-1mz 42,721,000.00 3.~~34000~~71000% ~~959~~889.~~03809953~~26993914 2.~~93625500~~84097048 0.00000000 0.00000000 A-2a 370,000,000.00 3.~~17000~~54000% ~~909~~792.~~63095127~~70028335 2.~~64323595~~41641470 0.00000000 0.00000000 A-2b 123,211,000.00 3.~~27000~~64000% 1000.00000000 23.~~99749998~~13444441 0.00000000 0.00000000 A-2c 105,000,000.00 3.~~39000~~76000% 1000.00000000 3.~~10750000~~23777781 0.00000000 0.00000000 M-1 42,378,000.00 3.~~48000~~85000% 1000.00000000 3.~~19000000~~31527774 0.00000000 0.00000000 M-2 40,452,000.00 3.~~52000~~89000% 1000.00000000 3.~~22666667~~34972214 0.00000000 0.00000000 M-3 24,399,000.00 3.~~56000~~93000% 1000.00000000 3.~~26333333~~38416656 0.00000000 0.00000000 M-4 21,189,000.00 34.~~71000~~08000% 1000.00000000 3.~~40083345~~51333333 0.00000000 0.00000000 M-5 21,831,000.00 34.~~74000~~11000% 1000.00000000 3.~~42833310~~53916678 0.00000000 0.00000000 M-6 19,263,000.00 34.~~78000~~15000% 1000.00000000 3.~~46499974~~57361107 0.00000000 0.00000000 B-1 17,337,000.00 4.~~26000~~63000% 1000.00000000 3.~~90500029~~98694468 0.00000000 0.00000000 B-2 14,768,000.00 4.~~39000~~76000% 1000.00000000 4.~~02416644~~09888881 0.00000000 0.00000000 B-3 14,126,000.00 45.~~89000~~26000% 1000.00000000 4.~~48249965~~52944429 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 X 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-1ss 0.00000000 0.00000000 32.~~07251830~~95966326 0.00000000 ~~934~~832.~~90200947~~70884370 A-1mz 0.00000000 0.00000000 2.~~93625500~~84097048 0.00000000 ~~934~~832.~~90200955~~70884366 A-2a 0.00000000 0.00000000 2.~~64323595~~41641470 0.00000000 ~~858~~704.~~47824370~~77997219 A-2b 0.00000000 0.00000000 23.~~99749998~~13444441 0.00000000 1000.00000000 A-2c 0.00000000 0.00000000 3.~~10750000~~23777781 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 3.~~19000000~~31527774 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~22666667~~34972214 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~26333333~~38416656 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~40083345~~51333333 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~42833310~~53916678 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.~~46499974~~57361107 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~90500029~~98694468 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~02416644~~09888881 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~48249965~~52944429 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 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 3663,~~794~~354,~~181~~419.15 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 01,040,107.0077 Total Deposits 3664,~~794~~394,~~181~~526.1592 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~518~~487,~~733~~998.3845 Payment of Interest and Principal 3663,~~275~~906,~~447~~528.7747 Total Withdrawals (Pool Distribution Amount) 3664,~~794~~394,~~181~~526.1592 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~513~~483,~~851~~406.7908 Custodian Fee ~~256~~241.9271 Wells Fargo Bank, N.A. 4,~~624~~350.6766 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~518~~487,~~733~~998.3845

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 73302 0 0 0 73302 1356,~~098~~218,~~081~~383.9676 0.00 0.00 0.00 1356,~~098~~218,~~081~~383.9676 60 Days 45112 0 0 0 45112 922,~~119~~314,~~964~~958.5728 0.00 0.00 0.00 922,~~119~~314,~~964~~958.5728 90 Days 2444 0 0 0 2444 57,~~054~~287,~~310~~644.3255 0.00 0.00 0.00 57,~~054~~287,~~310~~644.3255 120 Days 226 0 0 0 226 ~~560~~3,~~393~~798,525.6286 0.00 0.00 0.00 ~~560~~3,~~393~~798,525.6286 150 Days 027 0 0 0 027 06,003,786.0011 0.00 0.00 0.00 06,003,786.0011 180+ Days 017 0 0 0 017 03,714,168.0002 0.00 0.00 0.00 03,714,168.0002 Totals ~~144~~528 0 0 0 ~~144~~528 2799,~~832~~337,~~750~~466.4758 0.00 0.00 0.00 2799,~~832~~337,~~750~~466.4758 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 15.~~190282~~315965% 0.000000% 0.000000% 0.000000% 15.~~190282~~315965% 15.~~087205~~091139% 0.000000% 0.000000% 0.000000% 15.~~087205~~091139% 60 Days 01.~~733736~~971484% 0.000000% 0.000000% 0.000000% 01.~~733736~~971484% 02.~~757002~~020844% 0.000000% 0.000000% 0.000000% 02.~~757002~~020844% 90 Days 0.~~391326~~774512% 0.000000% 0.000000% 0.000000% 0.~~391326~~774512% 0.~~419532~~659969% 0.000000% 0.000000% 0.000000% 0.~~419532~~659969% 120 Days 0.~~032610~~457666% 0.000000% 0.000000% 0.000000% 0.~~032610~~457666% 0.~~046515~~343995% 0.000000% 0.000000% 0.000000% 0.~~046515~~343995% 150 Days 0.~~000000~~475268% 0.000000% 0.000000% 0.000000% 0.~~000000~~475268% 0.~~000000~~543703% 0.000000% 0.000000% 0.000000% 0.~~000000~~543703% 180+ Days 0.~~000000~~299243% 0.000000% 0.000000% 0.000000% 0.~~000000~~299243% 0.~~000000~~336355% 0.000000% 0.000000% 0.000000% 0.~~000000~~336355% Totals 29.~~347954~~294138% 0.000000% 0.000000% 0.000000% 29.~~347954~~294138% 28.~~310254~~996005% 0.000000% 0.000000% 0.000000% 28.~~310254~~996005%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1A 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 2180 0 0 0 2180 416,~~665~~084,~~559~~954.8526 0.00 0.00 0.00 416,~~665~~084,~~559~~954.8526 60 Days 1229 0 0 0 1229 26,~~705~~470,~~462~~183.3872 0.00 0.00 0.00 26,~~705~~470,~~462~~183.3872 90 Days 78 0 0 0 78 12,~~793~~109,~~447~~064.9174 0.00 0.00 0.00 12,~~793~~109,~~447~~064.9174 120 Days 05 0 0 0 05 01,250,966.0094 0.00 0.00 0.00 01,250,966.0094 150 Days 09 0 0 0 09 02,237,245.0006 0.00 0.00 0.00 02,237,245.0006 180+ Days 04 0 0 0 04 0840,342.0013 0.00 0.00 0.00 0840,342.0013 Totals 40135 0 0 0 40135 928,~~164~~992,~~470~~756.1485 0.00 0.00 0.00 928,~~164~~992,~~470~~756.1485 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~134522~~736530% 0.000000% 0.000000% 0.000000% 14.~~134522~~736530% 14.~~204128~~585123% 0.000000% 0.000000% 0.000000% 14.~~204128~~585123% 60 Days 01.~~648298~~716992% 0.000000% 0.000000% 0.000000% 01.~~648298~~716992% 01.~~698249~~844369% 0.000000% 0.000000% 0.000000% 01.~~698249~~844369% 90 Days 0.~~378174~~473653% 0.000000% 0.000000% 0.000000% 0.~~378174~~473653% 0.~~462869~~601203% 0.000000% 0.000000% 0.000000% 0.~~462869~~601203% 120 Days 0.~~000000~~296033% 0.000000% 0.000000% 0.000000% 0.~~000000~~296033% 0.~~000000~~356596% 0.000000% 0.000000% 0.000000% 0.~~000000~~356596% 150 Days 0.~~000000~~532860% 0.000000% 0.000000% 0.000000% 0.~~000000~~532860% 0.~~000000~~637742% 0.000000% 0.000000% 0.000000% 0.~~000000~~637742% 180+ Days 0.~~000000~~236827% 0.000000% 0.000000% 0.000000% 0.~~000000~~236827% 0.~~000000~~239545% 0.000000% 0.000000% 0.000000% 0.~~000000~~239545% Totals 27.~~160994~~992895% 0.000000% 0.000000% 0.000000% 27.~~160994~~992895% 28.~~365246~~264578% 0.000000% 0.000000% 0.000000% 28.~~365246~~264578% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1B 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 1667 0 0 0 1667 ~~949~~4,~~280~~619,034.2850 0.00 0.00 0.00 ~~949~~4,~~280~~619,034.2850 60 Days 1226 0 0 0 1226 ~~713~~1,~~698~~480,487.3810 0.00 0.00 0.00 ~~713~~1,~~698~~480,487.3810 90 Days 37 0 0 0 37 98340,~~667~~000.0311 0.00 0.00 0.00 98340,~~667~~000.0311 120 Days 09 0 0 0 09 0482,204.0043 0.00 0.00 0.00 0482,204.0043 150 Days 05 0 0 0 05 0416,312.0041 0.00 0.00 0.00 0416,312.0041 180+ Days 03 0 0 0 03 098,667.0003 0.00 0.00 0.00 098,667.0003 Totals 31117 0 0 0 31117 17,~~761~~436,~~645~~705.6958 0.00 0.00 0.00 17,~~761~~436,~~645~~705.6958 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~048493~~656011% 0.000000% 0.000000% 0.000000% 14.~~048493~~656011% 04.~~790237~~083103% 0.000000% 0.000000% 0.000000% 04.~~790237~~083103% 60 Days 01.~~786370~~806810% 0.000000% 0.000000% 0.000000% 01.~~786370~~806810% 01.~~594124~~308711% 0.000000% 0.000000% 0.000000% 01.~~594124~~308711% 90 Days 0.~~196592~~486449% 0.000000% 0.000000% 0.000000% 0.~~196592~~486449% 0.~~082136~~300551% 0.000000% 0.000000% 0.000000% 0.~~082136~~300551% 120 Days 0.~~000000~~625434% 0.000000% 0.000000% 0.000000% 0.~~000000~~625434% 0.~~000000~~426256% 0.000000% 0.000000% 0.000000% 0.~~000000~~426256% 150 Days 0.~~000000~~347464% 0.000000% 0.000000% 0.000000% 0.~~000000~~347464% 0.~~000000~~368009% 0.000000% 0.000000% 0.000000% 0.~~000000~~368009% 180+ Days 0.~~000000~~208478% 0.000000% 0.000000% 0.000000% 0.~~000000~~208478% 0.~~000000~~087219% 0.000000% 0.000000% 0.000000% 0.~~000000~~087219% Totals 28.~~031455~~130646% 0.000000% 0.000000% 0.000000% 28.~~031455~~130646% 16.~~466497~~573848% 0.000000% 0.000000% 0.000000% 16.~~466497~~573848% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2A 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 26124 0 0 0 26124 630,~~444~~873,~~803~~318.5478 0.00 0.00 0.00 630,~~444~~873,~~803~~318.5478 60 Days 1243 0 0 0 1243 412,~~200~~806,~~443~~302.0148 0.00 0.00 0.00 412,~~200~~806,~~443~~302.0148 90 Days 719 0 0 0 719 13,~~841~~812,~~724~~029.2515 0.00 0.00 0.00 13,~~841~~812,~~724~~029.2515 120 Days 19 0 0 0 19 ~~440~~1,~~437~~738,186.5940 0.00 0.00 0.00 ~~440~~1,~~437~~738,186.5940 150 Days 07 0 0 0 07 02,398,345.0078 0.00 0.00 0.00 02,398,345.0078 180+ Days 06 0 0 0 06 01,748,366.0082 0.00 0.00 0.00 01,748,366.0082 Totals 46208 0 0 0 46208 1253,~~927~~376,~~408~~549.3941 0.00 0.00 0.00 1253,~~927~~376,~~408~~549.3941 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 16.~~327208~~850829% 0.000000% 0.000000% 0.000000% 16.~~327208~~850829% 15.~~096232~~744434% 0.000000% 0.000000% 0.000000% 15.~~096232~~744434% 60 Days 02.~~612557~~375691% 0.000000% 0.000000% 0.000000% 02.~~612557~~375691% 02.~~714476~~382801% 0.000000% 0.000000% 0.000000% 02.~~714476~~382801% 90 Days 01.~~357325~~049724% 0.000000% 0.000000% 0.000000% 01.~~357325~~049724% 0.~~313269~~709284% 0.000000% 0.000000% 0.000000% 0.~~313269~~709284% 120 Days 0.~~051046~~497238% 0.000000% 0.000000% 0.000000% 0.~~051046~~497238% 0.~~074916~~323415% 0.000000% 0.000000% 0.000000% 0.~~074916~~323415% 150 Days 0.~~000000~~386740% 0.000000% 0.000000% 0.000000% 0.~~000000~~386740% 0.~~000000~~446247% 0.000000% 0.000000% 0.000000% 0.~~000000~~446247% 180+ Days 0.~~000000~~331492% 0.000000% 0.000000% 0.000000% 0.~~000000~~331492% 0.~~000000~~325309% 0.000000% 0.000000% 0.000000% 0.~~000000~~325309% Totals 211.~~348137~~491713% 0.000000% 0.000000% 0.000000% 211.~~348137~~491713% 29.~~198894~~931491% 0.000000% 0.000000% 0.000000% 29.~~198894~~931491% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2B 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 1031 0 0 0 1031 14,~~038~~641,~~438~~076.2922 0.00 0.00 0.00 14,~~038~~641,~~438~~076.2922 60 Days 914 0 0 0 914 1,~~500~~557,~~360~~984.8098 0.00 0.00 0.00 1,~~500~~557,~~360~~984.8098 90 Days 710 0 0 0 710 1,~~320~~026,~~471~~550.1355 0.00 0.00 0.00 1,~~320~~026,~~471~~550.1355 120 Days 13 0 0 0 13 ~~119~~327,~~956~~168.0309 0.00 0.00 0.00 ~~119~~327,~~956~~168.0309 150 Days 06 0 0 0 06 0951,882.0086 0.00 0.00 0.00 0951,882.0086 180+ Days 04 0 0 0 04 01,026,792.0004 0.00 0.00 0.00 01,026,792.0004 Totals 2768 0 0 0 2768 39,~~979~~531,~~226~~454.2574 0.00 0.00 0.00 39,~~979~~531,~~226~~454.2574 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.~~254705~~172275% 0.000000% 0.000000% 0.000000% 14.~~254705~~172275% 04.~~950485~~512065% 0.000000% 0.000000% 0.000000% 04.~~950485~~512065% 60 Days 1.~~129235~~884253% 0.000000% 0.000000% 0.000000% 1.~~129235~~884253% 1.~~373283~~514677% 0.000000% 0.000000% 0.000000% 1.~~373283~~514677% 90 Days 01.~~878294~~345895% 0.000000% 0.000000% 0.000000% 01.~~878294~~345895% 10.~~208630~~998015% 0.000000% 0.000000% 0.000000% 10.~~208630~~998015% 120 Days 0.~~125471~~403769% 0.000000% 0.000000% 0.000000% 0.~~125471~~403769% 0.~~109796~~318074% 0.000000% 0.000000% 0.000000% 0.~~109796~~318074% 150 Days 0.~~000000~~807537% 0.000000% 0.000000% 0.000000% 0.~~000000~~807537% 0.~~000000~~925423% 0.000000% 0.000000% 0.000000% 0.~~000000~~925423% 180+ Days 0.~~000000~~538358% 0.000000% 0.000000% 0.000000% 0.~~000000~~538358% 0.~~000000~~998250% 0.000000% 0.000000% 0.000000% 0.~~000000~~998250% Totals 39.~~387704~~152086% 0.000000% 0.000000% 0.000000% 39.~~387704~~152086% 39.~~642193~~266502% 0.000000% 0.000000% 0.000000% 39.~~642193~~266502%

REO Detail - All Mortgage Loans in REO during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~REO ~~Mixed~~History* ~~Fixed~~New ~~Weighted~~REO ~~Average~~Loans ~~Gross~~Month ~~Coupon~~REO 6Percentage Loans in REO 0 Sep-04 0.~~899443~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 6Oct-04 0.~~399443~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Nov-~~Through~~04 ~~Rate~~0.000% 6Dec-04 0.~~394693~~000% ~~Weighted~~Current ~~Average~~REO ~~Maturity(Stepdown~~Total ~~Calculation)~~Jan-05 ~~353~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~REO ~~Loan~~0 ~~Count~~Feb-05 ~~6,254~~0.000% ~~Number~~Original OfPrincipal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% 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. 1A 12 Month REO History* New REO Loans ~~Paid~~Month InREO ~~Full~~Percentage ~~121~~Loans ~~Ending~~in ~~Scheduled~~REO ~~Collateral~~0 ~~Loan~~Sep-04 ~~Count~~0.000% ~~6,133~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Oct-04 0.000% Current Principal Balance ~~1,233,244,315~~0.4200 ~~Ending~~Nov-04 ~~Scheduled~~0.000% ~~Collateral~~Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance ~~1,204,006,731~~0.1200 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% 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 31www.ctslink.com. 1B 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-~~2005~~05 ~~1,204,748,417~~0.69000% ~~Monthly~~Jun-05 ~~P&I~~0.000% ~~Constant~~Jul-05 ~~7,890,515~~0.42000% ~~Special~~Aug-05 ~~Servicing~~0.000% ~~Fee~~*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. 2A 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 ~~Prepayment~~Oct-04 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Nov-04 ~~Loss~~0.000% ~~Amount~~Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 ~~Cumulative~~Mar-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Scheduled~~Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% 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. 2B 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal ~~799,933~~Balance 0.4100 ~~Unscheduled~~Oct-04 0.000% Current Principal ~~28,437,650~~Balance 0.8900 ~~Extra~~Nov-04 ~~principal~~0.000% ~~distribution~~Dec-04 ~~Amount~~0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 ~~Excess~~Mar-05 ~~Cash~~0.000% ~~Amount~~Current ~~2,842,028~~Principal Balance 0.9600 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% 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.

~~Miscellaneous~~REO ~~Reporting~~Loan ~~Specified~~Detail ~~Overcollateralization~~- ~~Amount~~All ~~43,020,033.09~~Mortgage ~~Overcollateralization~~Loans ~~Deficiency~~in ~~Amount~~REO ~~0.00~~during ~~Overcollateralization~~Current ~~Amount~~Period ~~43,020,033.09~~Month ~~Monthly~~Loan ~~Excess~~First ~~Cash~~Original ~~Amount~~Loan ~~2,842,028.96~~Entered ~~Stepdown~~Payment ~~Date~~LTV NOat ~~Trigger~~Principal ~~Event NO~~ Group 1Number ~~Sequential~~REO ~~Trigger~~Date ~~Event~~State NOOrigination ~~Delinquency~~Balance ~~Percent~~No ~~0.650878%~~REO ~~Cumulative~~loans ~~Loss~~this ~~Percentage 0~~period.~~000000% Group I Class A Cap Agreement payment 0.00 Group II Class A Cap Agreement payment 0.00 Class B Cap Agreement payment 0.00 Class M Cap Agreement payment 0.00~~

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All 1AMortgage 1BLoans 2Ain ~~Collateral~~REO ~~Description~~during ~~Mixed~~Current ~~Fixed~~Period ~~Mixed~~(continued) ~~Fixed~~Current ~~Mixed~~Paid ~~Fixed~~Current ~~Weighted~~Approximate ~~Average Coupon Rate 6.567597 8.167272 6.573726 Weighted Average Net Rate 6.067597 7.667272 6.073726 Weighted Average Maturity 353 353 353 Beginning~~ Loan ~~Count~~Principal ~~1,886~~To ~~1,544~~Months ~~2,010 Loans Paid In Full 35 18 51 Ending~~ Loan ~~Count~~Delinquent ~~1,851~~Group ~~1,526~~Number ~~1,959 Beginning Scheduled~~ Balance ~~395,475,531.62 122,036,144.29 604,781,407.94 Ending Scheduled Balance 387,164,230.39 120,036,363.02 587,628,006.44 Record~~ Date ~~05/31/2005~~Delinquent ~~05/31/2005~~Rate ~~05/31/2005 Principal And~~ Interest ~~Constant~~No ~~2,480,039.99~~REO ~~939,356.81~~loans ~~3,606,277.57~~this ~~Scheduled Principal 315,603~~period.31 108,771.50 293,221.69 Unscheduled Principal 7,995,697.92 1,891,009.77 16,860,179.81 Scheduled Interest 2,164,436.68 830,585.31 3,313,055.88 Servicing Fees 164,781.47 50,848.39 251,992.25 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,483.03 457.64 2,267.93 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 82.39 25.42 126.00 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 1,998,089.79 779,253.86 3,058,669.70 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 6.062847 7.662522 6.068976

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Group~~Summary ~~Level~~12 ~~Collateral~~Month ~~Statement~~Foreclosure ~~Group~~History* 2BNew Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total ~~Collateral~~Jan-05 ~~Description~~0.000% ~~Mixed~~Loans ~~Fixed~~in ~~Mixed~~Foreclosure ~~Fixed~~0 ~~Weighted~~Feb-05 ~~Average~~0.000% ~~Coupon~~Original ~~Rate~~Principal 8Balance 0.~~463223~~00 6Mar-05 0.~~899443~~000% ~~Weighted~~Current ~~Average~~Principal ~~Net~~Balance ~~Rate~~0.00 7Apr-05 0.~~963223~~000% 6May-05 0.~~399443~~000% ~~Weighted~~Jun-05 ~~Average~~0.000% ~~Maturity~~Jul-05 ~~353~~0.000% ~~353~~Aug-05 ~~Beginning~~0.000% ~~Loan~~*The ~~Count~~text ~~814~~reported ~~6,254~~in ~~Loans~~the ~~Paid~~above Intable ~~Full~~is 17presented ~~121~~graphically ~~Ending~~on ~~Loan~~the ~~Count~~monthly ~~797~~bond ~~6,133~~remittance ~~Beginning~~report. ~~Scheduled~~The monthly bond remittance report can be viewed online at www.ctslink.com. 1A 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance ~~110,951,231~~0.5700 ~~1,233,244,315~~Oct-04 0.42000% ~~Ending~~Current ~~scheduled~~Principal Balance ~~109,178,131~~0.2700 ~~1,204,006,731~~Nov-04 0.12000% ~~Record~~Dec-04 ~~Date~~0.000% ~~05/31/2005~~Current Foreclosure Total Jan-05~~/31/2005~~ ~~Principal~~0.000% ~~And~~Loans ~~Interest~~in ~~Constant~~Foreclosure ~~864,841.~~0 Feb-05 ~~7,890,515~~0.42000% ~~Scheduled~~Original Principal ~~82,336~~Balance 0.9100 ~~799,933~~Mar-05 0.41000% ~~Unscheduled~~Current Principal ~~1,690,763~~Balance 0.3900 ~~28,437,650~~Apr-05 0.89000% ~~Scheduled~~May-05 ~~Interest~~0.000% ~~782,504~~Jun-05 0.14000% ~~7,090,582~~Jul-05 0.01000% ~~Servicing~~Aug-05 ~~Fees~~0.000% ~~46,229~~*The text reported in the above table is presented graphically on the monthly bond remittance report.68 ~~513,851~~The monthly bond remittance report can be viewed online at www.79ctslink.com. ~~Master~~1B ~~Servicing~~12 ~~Fees~~Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 ~~Trustee~~Nov-04 ~~Fee~~0.000% ~~416~~Dec-04 0.07000% ~~4,624~~Current Foreclosure Total Jan-05 0.67000% ~~FRY~~Loans ~~Amount~~in Foreclosure 0 Feb-05 0.00000% Original Principal Balance 0.00 ~~Special~~Mar-05 ~~Hazard~~0.000% ~~Fee~~Current Principal Balance 0.00 Apr-05 0.00000% ~~Other~~May-05 ~~Fee~~0.000% 23Jun-05 0.11000% ~~256~~Jul-05 0.92000% ~~Pool~~Aug-05 ~~Insurance~~0.000% ~~Fee~~*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. 2A 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.00000% Original Principal Balance 0.00 ~~Spread~~Oct-04 10.000% Current Principal Balance 0.00 Nov-04 0.00000% ~~Spread~~Dec-04 20.000% Current Foreclosure Total Jan-05 0.00000% Loans in Foreclosure 0 Feb-05 0.00000% ~~Spread~~Original 3Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 ~~Net~~Apr-05 ~~Interest~~0.000% ~~735,835~~May-05 0.28000% ~~6,571,848~~Jun-05 0.63000% ~~Realized~~Jul-05 ~~Loss~~0.000% ~~Amount~~Aug-05 0.00000% *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. 2B 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.00000% ~~Cumulative~~Original ~~Realized~~Principal ~~Loss~~Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 ~~Percentage~~Nov-04 of0.000% ~~Cumulative~~Dec-04 ~~Losses~~0.000% Current Foreclosure Total Jan-05 0.~~0000~~000% Loans in Foreclosure 0 Feb-05 0.~~0000~~000% ~~Prepayment~~Original ~~Penalties~~Principal Balance 0.00 Mar-05 0.00000% ~~Special~~Current ~~Servicing~~Principal ~~Fee~~Balance 0.00 Apr-05 0.00000% ~~Pass~~May-~~Through~~05 ~~Rate~~0.000% 7Jun-05 0.~~958473~~000% 6Jul-05 0.~~394693~~000% 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.

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · Morgan Stanley ABS Capital I Inc. Trust 2005-WMC2