8-K 1 msi05wm5_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-WM5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121914-04 54-2176766 Pooling and Servicing Agreement) (Commission 54-2176767 (State or other File Number) IRS EIN jurisdiction 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-WM5 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-WM5 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-WM5 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-WM5 Trust, relating to the August 25, 2005 distribution. EX-99.1

Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Series 2005-WM5 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 A1-ss 61744CRL2 SEN 3.~~56000~~68000% ~~355~~347,~~952~~638,~~000~~802.0094 ~~844~~1,~~792~~101,628.7574 A1-mz 61744CRM0 SEN 3.~~61000~~73000% 8886,~~989~~910,~~000~~677.0038 ~~214~~279,~~166~~152.8627 A-2a 61744CRN8 SEN 3.~~43000~~55000% ~~463~~446,~~000~~021,~~000~~868.00 1,~~058~~363,~~726~~464.6707 A-2b 61744CRP3 SEN 3.~~58000~~70000% 148,500,000.00 ~~354~~473,~~420~~137.0050 A-2c 61744CRQ1 SEN 3.~~69000~~81000% 122,378,000.00 ~~301~~401,~~049~~501.8882 M-1 61744CRR9 MEZ 3.~~80000~~92000% 55,456,000.00 ~~140~~187,~~488~~194.5381 M-2 61744CRS7 MEZ 3.~~82000~~94000% 47,213,000.00 ~~120~~160,~~235~~183.7722 M-3 61744CRT5 MEZ 3.~~83000~~95000% 29,227,000.00 7499,~~626~~412.2739 M-4 61744CRU2 MEZ 34.~~98000~~10000% 27,728,000.00 7397,~~571~~895.6324 M-5 61744CRV0 MEZ 4.~~00000~~12000% 24,730,000.00 6587,~~946~~736.6754 M-6 61744CRW8 MEZ 4.~~04000~~16000% 23,232,000.00 6283,~~571~~222.5219 B-1 61744CRX6 SUB 4.~~54000~~66000% 20,983,000.00 6384,~~508~~200.5512 B-2 61744CRY4 SUB 4.~~64000~~76000% 20,983,000.00 6486,~~907~~006.4199 B-3 61744CRZ1 SUB 5.~~09000~~21000% 16,488,000.00 5573,~~949~~971.2858 R MSI5WM5R1 SEN 0.00000% 0.00 0.00 P MSI05WM5P SEN 0.00000% 0.00 ~~281~~470,~~772~~827.4947 X MSI05WM5C SEN 0.00000% 053,957,404.0049 43,~~665~~425,~~629~~175.8132 Totals 1,~~444~~471,~~859~~446,~~000~~752.0081 8,~~442~~474,~~364~~710.0927

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A1-ss 810,~~313~~309,~~197~~118.0655 0.00 ~~347~~337,~~638~~329,~~802~~684.9439 911,~~157~~410,~~989~~747.8129 0.00 A1-mz 2,~~078~~577,~~322~~308.6260 0.00 8684,~~910~~333,~~677~~368.3878 2,~~292~~856,~~489~~460.4887 0.00 A-2a 1622,~~978~~038,~~132~~960.0024 0.00 ~~446~~423,~~021~~982,~~868~~907.0076 1823,~~036~~402,~~858~~424.6731 0.00 A-2b 0.00 0.00 148,500,000.00 ~~354~~473,~~420~~137.0050 0.00 A-2c 0.00 0.00 122,378,000.00 ~~301~~401,~~049~~501.8882 0.00 M-1 0.00 0.00 55,456,000.00 ~~140~~187,~~488~~194.5381 0.00 M-2 0.00 0.00 47,213,000.00 ~~120~~160,~~235~~183.7722 0.00 M-3 0.00 0.00 29,227,000.00 7499,~~626~~412.2739 0.00 M-4 0.00 0.00 27,728,000.00 7397,~~571~~895.6324 0.00 M-5 0.00 0.00 24,730,000.00 6587,~~946~~736.6754 0.00 M-6 0.00 0.00 23,232,000.00 6283,~~571~~222.5219 0.00 B-1 0.00 0.00 20,983,000.00 6384,~~508~~200.5512 0.00 B-2 0.00 0.00 20,983,000.00 6486,~~907~~006.4199 0.00 B-3 0.00 0.00 16,488,000.00 5573,~~949~~971.2858 0.00 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 ~~281~~470,~~772~~827.4947 0.00 X 0.00 0.00 53,957,404.49 43,~~665~~425,~~629~~175.8132 0.00 Totals 2734,~~369~~925,~~651~~387.6839 0.00 1,~~471~~436,~~446~~521,~~752~~365.8142 3543,~~812~~400,~~015~~097.7766 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) A1-ss 355,952,000.00 ~~355~~347,~~952~~638,~~000~~802.0094 0.00 810,~~313~~309,~~197~~118.0655 0.00 0.00 A1-mz 88,989,000.00 8886,~~989~~910,~~000~~677.0038 0.00 2,~~078~~577,~~322~~308.6260 0.00 0.00 A-2a 463,000,000.00 ~~463~~446,~~000~~021,~~000~~868.00 0.00 1622,~~978~~038,~~132~~960.0024 0.00 0.00 A-2b 148,500,000.00 148,500,000.00 0.00 0.00 0.00 0.00 A-2c 122,378,000.00 122,378,000.00 0.00 0.00 0.00 0.00 M-1 55,456,000.00 55,456,000.00 0.00 0.00 0.00 0.00 M-2 47,213,000.00 47,213,000.00 0.00 0.00 0.00 0.00 M-3 29,227,000.00 29,227,000.00 0.00 0.00 0.00 0.00 M-4 27,728,000.00 27,728,000.00 0.00 0.00 0.00 0.00 M-5 24,730,000.00 24,730,000.00 0.00 0.00 0.00 0.00 M-6 23,232,000.00 23,232,000.00 0.00 0.00 0.00 0.00 B-1 20,983,000.00 20,983,000.00 0.00 0.00 0.00 0.00 B-2 20,983,000.00 20,983,000.00 0.00 0.00 0.00 0.00 B-3 16,488,000.00 16,488,000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 X 0.00 053,957,404.0049 0.00 0.00 0.00 0.00 Totals 1,444,859,000.00 1,~~444~~471,~~859~~446,~~000~~752.0081 0.00 2734,~~369~~925,~~651~~387.6839 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 A1-ss 810,~~313~~309,~~197~~118.0655 ~~347~~337,~~638~~329,~~802~~684.9439 0.~~97664517~~94768307 810,~~313~~309,~~197~~118.0655 A1-mz 2,~~078~~577,~~322~~308.6260 8684,~~910~~333,~~677~~368.3878 0.~~97664517~~94768307 2,~~078~~577,~~322~~308.6260 A-2a 1622,~~978~~038,~~132~~960.0024 ~~446~~423,~~021~~982,~~868~~907.0076 0.~~96333017~~91572982 1622,~~978~~038,~~132~~960.0024 A-2b 0.00 148,500,000.00 1.00000000 0.00 A-2c 0.00 122,378,000.00 1.00000000 0.00 M-1 0.00 55,456,000.00 1.00000000 0.00 M-2 0.00 47,213,000.00 1.00000000 0.00 M-3 0.00 29,227,000.00 1.00000000 0.00 M-4 0.00 27,728,000.00 1.00000000 0.00 M-5 0.00 24,730,000.00 1.00000000 0.00 M-6 0.00 23,232,000.00 1.00000000 0.00 B-1 0.00 20,983,000.00 1.00000000 0.00 B-2 0.00 20,983,000.00 1.00000000 0.00 B-3 0.00 16,488,000.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 P 0.00 0.00 0.00000000 0.00 X 0.00 53,957,404.49 0.00000000 0.00 Totals 2734,~~369~~925,~~651~~387.6839 1,~~471~~436,~~446~~521,~~752~~365.8142 10.~~01840162~~99422945 2734,~~369~~925,~~651~~387.6839

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1-ss 355,952,000.00 ~~1000~~976.~~00000000~~64517390 0.00000000 2328.~~35482610~~96210318 0.00000000 A1-mz 88,989,000.00 ~~1000~~976.~~00000000~~64517390 0.00000000 2328.~~35482610~~96210318 0.00000000 A-2a 463,000,000.00 ~~1000~~963.~~00000000~~33016847 0.00000000 3647.~~66983153~~60034609 0.00000000 A-2b 148,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2c 122,378,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 55,456,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 47,213,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 29,227,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 27,728,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 24,730,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 23,232,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 20,983,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 20,983,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 16,488,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 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 A1-ss 0.00000000 2328.~~35482610~~96210318 ~~976~~947.~~64517390~~68307072 0.~~97664517~~94768307 2328.~~35482610~~96210318 A1-mz 0.00000000 2328.~~35482610~~96210318 ~~976~~947.~~64517390~~68307072 0.~~97664517~~94768307 2328.~~35482610~~96210318 A-2a 0.00000000 3647.~~66983153~~60034609 ~~963~~915.~~33016847~~72982238 0.~~96333017~~91572982 3647.~~66983153~~60034609 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 R 0.00000000 0.00000000 0.00000000 0.00000000 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 A1-ss 355,952,000.00 3.~~56000~~68000% ~~355~~347,~~952~~638,~~000~~802.0094 ~~844~~1,~~792~~101,628.7574 0.00 0.00 A1-mz 88,989,000.00 3.~~61000~~73000% 8886,~~989~~910,~~000~~677.0038 ~~214~~279,~~166~~152.8627 0.00 0.00 A-2a 463,000,000.00 3.~~43000~~55000% ~~463~~446,~~000~~021,~~000~~868.00 1,~~058~~363,~~726~~464.6707 0.00 0.00 A-2b 148,500,000.00 3.~~58000~~70000% 148,500,000.00 ~~354~~473,~~420~~137.0050 0.00 0.00 A-2c 122,378,000.00 3.~~69000~~81000% 122,378,000.00 ~~301~~401,~~049~~501.8882 0.00 0.00 M-1 55,456,000.00 3.~~80000~~92000% 55,456,000.00 ~~140~~187,~~488~~194.5381 0.00 0.00 M-2 47,213,000.00 3.~~82000~~94000% 47,213,000.00 ~~120~~160,~~235~~183.7722 0.00 0.00 M-3 29,227,000.00 3.~~83000~~95000% 29,227,000.00 7499,~~626~~412.2739 0.00 0.00 M-4 27,728,000.00 34.~~98000~~10000% 27,728,000.00 7397,~~571~~895.6324 0.00 0.00 M-5 24,730,000.00 4.~~00000~~12000% 24,730,000.00 6587,~~946~~736.6754 0.00 0.00 M-6 23,232,000.00 4.~~04000~~16000% 23,232,000.00 6283,~~571~~222.5219 0.00 0.00 B-1 20,983,000.00 4.~~54000~~66000% 20,983,000.00 6384,~~508~~200.5512 0.00 0.00 B-2 20,983,000.00 4.~~64000~~76000% 20,983,000.00 6486,~~907~~006.4199 0.00 0.00 B-3 16,488,000.00 5.~~09000~~21000% 16,488,000.00 5573,~~949~~971.2858 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 X 0.00 0.00000% 1,~~552~~525,~~774~~404,~~582~~157.3463 0.00 0.00 0.00 Totals 1,444,859,000.00 34,~~494~~578,~~961~~707.7948 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 A1-ss 0.00 0.00 ~~844~~1,~~792~~101,628.7574 0.00 ~~347~~337,~~638~~329,~~802~~684.9439 A1-mz 0.00 0.00 ~~214~~279,~~166~~152.8627 0.00 8684,~~910~~333,~~677~~368.3878 A-2a 0.00 0.00 1,~~058~~363,~~726~~464.6707 0.00 ~~446~~423,~~021~~982,~~868~~907.0076 A-2b 0.00 0.00 ~~354~~473,~~420~~137.0050 0.00 148,500,000.00 A-2c 0.00 0.00 ~~301~~401,~~049~~501.8882 0.00 122,378,000.00 M-1 0.00 0.00 ~~140~~187,~~488~~194.5381 0.00 55,456,000.00 M-2 0.00 0.00 ~~120~~160,~~235~~183.7722 0.00 47,213,000.00 M-3 0.00 0.00 7499,~~626~~412.2739 0.00 29,227,000.00 M-4 0.00 0.00 7397,~~571~~895.6324 0.00 27,728,000.00 M-5 0.00 0.00 6587,~~946~~736.6754 0.00 24,730,000.00 M-6 0.00 0.00 6283,~~571~~222.5219 0.00 23,232,000.00 B-1 0.00 0.00 6384,~~508~~200.5512 0.00 20,983,000.00 B-2 0.00 0.00 6486,~~907~~006.4199 0.00 20,983,000.00 B-3 0.00 0.00 5573,~~949~~971.2858 0.00 16,488,000.00 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~281~~470,~~772~~827.4947 0.00 0.00 X 0.00 0.00 43,~~665~~425,~~629~~175.8132 0.00 1,~~525~~490,~~404~~478,~~157~~770.6323 Totals 0.00 0.00 8,~~442~~474,~~364~~710.0927 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 A1-ss 355,952,000.00 3.~~56000~~68000% ~~1000~~976.~~00000000~~64517390 23.~~37333334~~09488004 0.00000000 0.00000000 A1-mz 88,989,000.00 3.~~61000~~73000% ~~1000~~976.~~00000000~~64517390 23.~~40666667~~13693007 0.00000000 0.00000000 A-2a 463,000,000.00 3.~~43000~~55000% ~~1000~~963.~~00000000~~33016847 2.~~28666667~~94484680 0.00000000 0.00000000 A-2b 148,500,000.00 3.~~58000~~70000% 1000.00000000 23.~~38666667~~18611111 0.00000000 0.00000000 A-2c 122,378,000.00 3.~~69000~~81000% 1000.00000000 23.~~46000000~~28083332 0.00000000 0.00000000 M-1 55,456,000.00 3.~~80000~~92000% 1000.00000000 23.~~53333327~~37555558 0.00000000 0.00000000 M-2 47,213,000.00 3.~~82000~~94000% 1000.00000000 23.~~54666660~~39277784 0.00000000 0.00000000 M-3 29,227,000.00 3.~~83000~~95000% 1000.00000000 23.~~55333322~~40138878 0.00000000 0.00000000 M-4 27,728,000.00 34.~~98000~~10000% 1000.00000000 23.~~65333345~~53055540 0.00000000 0.00000000 M-5 24,730,000.00 4.~~00000~~12000% 1000.00000000 23.~~66666680~~54777760 0.00000000 0.00000000 M-6 23,232,000.00 4.~~04000~~16000% 1000.00000000 23.~~69333333~~58222237 0.00000000 0.00000000 B-1 20,983,000.00 4.~~54000~~66000% 1000.00000000 34.~~02666683~~01277796 0.00000000 0.00000000 B-2 20,983,000.00 4.~~64000~~76000% 1000.00000000 34.~~09333317~~09888910 0.00000000 0.00000000 B-3 16,488,000.00 5.~~09000~~21000% 1000.00000000 34.~~39333333~~48638889 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 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 A1-ss 0.00000000 0.00000000 23.~~37333334~~09488004 0.00000000 ~~976~~947.~~64517390~~68307072 A1-mz 0.00000000 0.00000000 23.~~40666667~~13693007 0.00000000 ~~976~~947.~~64517390~~68307072 A-2a 0.00000000 0.00000000 2.~~28666667~~94484680 0.00000000 ~~963~~915.~~33016847~~72982238 A-2b 0.00000000 0.00000000 23.~~38666667~~18611111 0.00000000 1000.00000000 A-2c 0.00000000 0.00000000 23.~~46000000~~28083332 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 23.~~53333327~~37555558 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 23.~~54666660~~39277784 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~55333322~~40138878 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 23.~~65333345~~53055540 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 23.~~66666680~~54777760 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 23.~~69333333~~58222237 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 34.~~02666683~~01277796 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 34.~~09333317~~09888910 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 34.~~39333333~~48638889 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 3642,~~436~~873,~~521~~759.3547 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0672,905.0026 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0470,827.0047 Total Deposits 3644,~~436~~017,~~521~~492.3520 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~628~~617,~~877~~394.1254 Payment of Interest and Principal 3543,~~812~~400,~~015~~097.7766 Total Withdrawals (Pool Distribution Amount) 3644,~~440~~017,~~892~~492.8920 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~624~~613,~~505~~102.5882 Trustee Fee 4,~~371~~291.5472 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~628~~617,~~877~~394.1254

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund ~~3,387~~0.0900 ~~3,387~~0.0900 0.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 01 01 0.00 0.00 075,747.0002 075,747.0002 30 Days ~~426~~427 0 0 0 ~~426~~427 7678,~~450~~107,~~252~~625.6113 0.00 0.00 0.00 7678,~~450~~107,~~252~~625.6113 60 Days 76106 0 0 0 76106 1218,~~684~~737,~~722~~523.4574 0.00 0.00 0.00 1218,~~684~~737,~~722~~523.4574 90 Days 037 0 0 0 037 06,765,238.0030 0.00 0.00 0.00 06,765,238.0030 120 Days 01 0 0 0 01 022,400.00 0.00 0.00 0.00 022,400.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~502~~571 0 0 01 ~~502~~572 89103,~~134~~632,~~975~~787.0617 0.00 0.00 075,747.0002 89103,~~134~~708,~~975~~534.0619 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~~012863% 0.~~000000~~012863% 0.000000% 0.000000% 0.~~000000~~005270% 0.~~000000~~005270% 30 Days 5.~~374716~~492668% 0.000000% 0.000000% 0.000000% 5.~~374716~~492668% 5.~~195584~~434391% 0.000000% 0.000000% 0.000000% 5.~~195584~~434391% 60 Days 01.~~958870~~363519% 0.000000% 0.000000% 0.000000% 01.~~958870~~363519% 01.~~862058~~303676% 0.000000% 0.000000% 0.000000% 01.~~862058~~303676% 90 Days 0.~~000000~~475945% 0.000000% 0.000000% 0.000000% 0.~~000000~~475945% 0.~~000000~~470696% 0.000000% 0.000000% 0.000000% 0.~~000000~~470696% 120 Days 0.~~000000~~012863% 0.000000% 0.000000% 0.000000% 0.~~000000~~012863% 0.~~000000~~001558% 0.000000% 0.000000% 0.000000% 0.~~000000~~001558% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 67.~~333586~~344996% 0.000000% 0.000000% 0.~~000000~~012863% 67.~~333586~~357860% 67.~~057642~~210321% 0.000000% 0.000000% 0.~~000000~~005270% 67.~~057642~~215591%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 61 0 0 0 61 34,~~675~~056,~~530~~155.1393 0.00 0.00 0.00 34,~~675~~056,~~530~~155.1393 60 Days 1315 0 0 0 1315 ~~900~~706,~~811~~149.1168 0.00 0.00 0.00 ~~900~~706,~~811~~149.1168 90 Days 04 0 0 0 04 0371,551.0009 0.00 0.00 0.00 0371,551.0009 120 Days 01 0 0 0 01 022,400.00 0.00 0.00 0.00 022,400.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 7481 0 0 0 7481 45,~~576~~156,~~341~~256.2470 0.00 0.00 0.00 45,~~576~~156,~~341~~256.2470 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~897764~~945666% 0.000000% 0.000000% 0.000000% 3.~~897764~~945666% 3.~~283682~~668802% 0.000000% 0.000000% 0.000000% 3.~~283682~~668802% 60 Days 0.~~830671~~970246% 0.000000% 0.000000% 0.000000% 0.~~830671~~970246% 0.~~804776~~638714% 0.000000% 0.000000% 0.000000% 0.~~804776~~638714% 90 Days 0.~~000000~~258732% 0.000000% 0.000000% 0.000000% 0.~~000000~~258732% 0.~~000000~~336069% 0.000000% 0.000000% 0.000000% 0.~~000000~~336069% 120 Days 0.~~000000~~064683% 0.000000% 0.000000% 0.000000% 0.~~000000~~064683% 0.~~000000~~020261% 0.000000% 0.000000% 0.000000% 0.~~000000~~020261% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 45.~~728435~~239327% 0.000000% 0.000000% 0.000000% 45.~~728435~~239327% 4.~~088458~~663845% 0.000000% 0.000000% 0.000000% 4.~~088458~~663845% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~152~~133 0 0 0 ~~152~~133 2622,~~185~~803,~~255~~408.5378 0.00 0.00 0.00 2622,~~185~~803,~~255~~408.5378 60 Days 1941 0 0 0 1941 37,~~319~~139,~~302~~116.9171 0.00 0.00 0.00 37,~~319~~139,~~302~~116.9171 90 Days 08 0 0 0 08 01,196,160.0058 0.00 0.00 0.00 01,196,160.0058 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~171~~182 0 0 0 ~~171~~182 2931,~~504~~138,~~558~~686.4407 0.00 0.00 0.00 2931,~~504~~138,~~558~~686.4407 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 65.~~089744~~441899% 0.000000% 0.000000% 0.000000% 65.~~089744~~441899% 5.~~905572~~275798% 0.000000% 0.000000% 0.000000% 5.~~905572~~275798% 60 Days 01.~~761218~~677578% 0.000000% 0.000000% 0.000000% 01.~~761218~~677578% 01.~~748604~~651707% 0.000000% 0.000000% 0.000000% 01.~~748604~~651707% 90 Days 0.~~000000~~327332% 0.000000% 0.000000% 0.000000% 0.~~000000~~327332% 0.~~000000~~276744% 0.000000% 0.000000% 0.000000% 0.~~000000~~276744% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 67.~~850962~~446809% 0.000000% 0.000000% 0.000000% 67.~~850962~~446809% 67.~~654176~~204249% 0.000000% 0.000000% 0.000000% 67.~~654176~~204249% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 01 01 0.00 0.00 075,747.0002 075,747.0002 30 Days 8395 0 0 0 8395 78,~~733~~200,~~225~~862.7500 0.00 0.00 0.00 78,~~733~~200,~~225~~862.7500 60 Days 2016 0 0 0 2016 1,~~954~~010,~~655~~912.8698 0.00 0.00 0.00 1,~~954~~010,~~655~~912.8698 90 Days 011 0 0 0 011 0884,085.0030 0.00 0.00 0.00 0884,085.0030 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~103~~122 0 0 01 ~~103~~123 910,~~687~~095,~~881~~860.6128 0.00 0.00 075,747.0002 910,~~687~~171,~~881~~607.6130 0-29 Days 0.000000% 0.000000% 0.~~000000~~071788% 0.~~000000~~071788% 0.000000% 0.000000% 0.~~000000~~053840% 0.~~000000~~053840% 30 Days 56.~~816398~~819813% 0.000000% 0.000000% 0.000000% 56.~~816398~~819813% 5.~~355874~~829073% 0.000000% 0.000000% 0.000000% 5.~~355874~~829073% 60 Days 1.~~401542~~148600% 0.000000% 0.000000% 0.000000% 1.~~401542~~148600% 10.~~353755~~718545% 0.000000% 0.000000% 0.000000% 10.~~353755~~718545% 90 Days 0.~~000000~~789663% 0.000000% 0.000000% 0.000000% 0.~~000000~~789663% 0.~~000000~~628397% 0.000000% 0.000000% 0.000000% 0.~~000000~~628397% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 78.~~217940~~758076% 0.000000% 0.000000% 0.~~000000~~071788% 78.~~217940~~829864% 67.~~709628~~176015% 0.000000% 0.000000% 0.~~000000~~053840% 67.~~709628~~229855% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~130~~138 0 0 0 ~~130~~138 3843,~~856~~047,~~241~~198.2042 0.00 0.00 0.00 3843,~~856~~047,~~241~~198.2042 60 Days 2434 0 0 0 2434 69,~~509~~881,~~952~~344.5737 0.00 0.00 0.00 69,~~509~~881,~~952~~344.5737 90 Days 014 0 0 0 014 04,313,441.0033 0.00 0.00 0.00 04,313,441.0033 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~154~~186 0 0 0 ~~154~~186 4557,~~366~~241,~~193~~984.7712 0.00 0.00 0.00 4557,~~366~~241,~~193~~984.7712 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.~~332240~~771644% 0.000000% 0.000000% 0.000000% 5.~~332240~~771644% 5.~~034974~~710615% 0.000000% 0.000000% 0.000000% 5.~~034974~~710615% 60 Days 01.~~984413~~421999% 0.000000% 0.000000% 0.000000% 01.~~984413~~421999% 01.~~843557~~310853% 0.000000% 0.000000% 0.000000% 01.~~843557~~310853% 90 Days 0.~~000000~~585529% 0.000000% 0.000000% 0.000000% 0.~~000000~~585529% 0.~~000000~~572218% 0.000000% 0.000000% 0.000000% 0.~~000000~~572218% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 67.~~316653~~779172% 0.000000% 0.000000% 0.000000% 67.~~316653~~779172% 57.~~878531~~593687% 0.000000% 0.000000% 0.000000% 57.~~878531~~593687%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0672,905.0026

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 076,000.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 075,747.0002 ~~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 076,000.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 075,747.0002 ~~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~~005% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 01 ~~Aug~~Sep-04 0.000% Original Principal Balance 076,000.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 075,747.0002 ~~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 076,000.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 075,747.0002 ~~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~~054% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

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 No3 ~~REO~~0011133111 ~~loans~~Aug-2005 ~~this~~01-Mar-2005 ~~period~~MS 56.30 76,000.00

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 No3 ~~REO~~0011133111 ~~loans~~75,747.02 ~~this~~01-Jun-2005 ~~period~~0 8.775% 1,045.41

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 7.~~036832~~030857% Weighted Average Net Coupon 6.~~536833~~530857% Weighted Average Pass-Through Rate 6.~~533332~~527357% Weighted Average Maturity(Stepdown Calculation) ~~338~~337 Beginning Scheduled Collateral Loan Count 87,~~401~~926 Number Of Loans Paid In Full ~~475~~152 Ending Scheduled Collateral Loan Count 7,~~926~~774 Beginning Scheduled Collateral Balance 1,~~498~~471,~~816~~446,~~791~~752.0081 Ending Scheduled Collateral Balance 1,~~471~~436,~~446~~521,~~752~~365.8142 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 1,~~471~~437,~~446~~283,~~752~~905.8130 Monthly P&I Constant 9,~~660~~481,~~847~~093.3135 Special Servicing Fee 0.00 Prepayment Penalties 0470,827.0047 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~871~~859,~~765~~816.6068 Unscheduled Principal 2634,~~494~~065,~~885~~570.8471 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount ~~386~~0.8500 Specified O/C Amount 53,957,404.49 Overcollateralized Amount 53,957,404.49 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 43,~~665~~425,~~242~~175.9532

Miscellaneous Reporting Specified Overcollateralization Amount 53,957,404.49 Overcollateralization Amount 53,957,404.49 Excess Cash 43,~~665~~425,~~242~~175.9532 Trigger Event NoNO Class A-1 CAP Payment 0.00 Class A-2 CAP Payment 0.00 Class B CAP Payment 0.00 Class M CAP Payment 0.00

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 8.~~182409~~169800 6.~~831403~~826527 8.~~949136~~935729 Weighted Average Net Rate 7.~~682409~~669800 6.~~331403~~326527 8.~~449136~~435729 Weighted Average Maturity ~~262~~261 ~~356~~355 ~~238~~237 Beginning Loan Count 1,~~585~~565 2,~~537~~496 1,~~442~~427 Loans Paid In Full 2019 4152 1534 Ending Loan Count 1,~~565~~546 2,~~496~~444 1,~~427~~393 Beginning Scheduled Balance ~~113~~111,~~035~~933,~~228~~183.4439 ~~452~~443,~~687~~399,~~448~~112.0149 ~~145~~144,~~700~~387,~~697~~759.1031 Ending Scheduled Balance ~~111~~110,~~933~~482,~~183~~376.3966 ~~443~~431,~~399~~963,~~112~~492.4907 ~~144~~140,~~387~~604,~~759~~845.3183 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant ~~868~~859,~~208~~601.6505 2,~~877~~818,~~052~~645.5270 1,~~186~~174,~~127~~849.6845 Scheduled Principal 97,~~458~~541.2930 ~~299~~296,~~977~~248.0699 99,~~548~~674.1852 Unscheduled Principal 1,~~004~~353,~~586~~265.7643 811,~~988~~139,~~358~~371.4643 13,~~213~~683,~~389~~238.6196 Scheduled Interest ~~770~~762,~~750~~059.3675 2,~~577~~522,~~075~~396.4671 1,~~086~~075,~~579~~174.5093 Servicing Fees 4746,~~098~~638.0183 ~~188~~184,~~619~~749.7763 60,~~708~~161.6257 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~329~~326.6947 1,~~320~~293.3425 ~~424~~421.9613 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~723~~715,~~322~~094.6645 2,~~387~~336,~~135~~353.3583 1,~~025~~014,~~445~~592.9223 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 7.~~678909~~666300 6.~~327903~~323027 8.~~445636~~432229

Group Level Collateral Statement Group 4 Total Collateral Description Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.~~636624~~626665 7.~~036832~~030857 Weighted Average Net Rate 6.~~136624~~126665 6.~~536833~~530857 Weighted Average Maturity ~~356~~355 ~~338~~337 Beginning Loan Count 2,~~477~~438 87,~~041~~926 Loans Paid In Full 3947 ~~115~~152 Ending Loan Count 2,~~438~~391 7,~~926~~774 Beginning Scheduled Balance ~~787~~771,~~390~~726,~~030~~697.7062 1,~~498~~471,~~813~~446,~~404~~752.2581 Ending scheduled Balance ~~771~~753,~~726~~470,~~697~~650.6286 1,~~471~~436,~~446~~521,~~752~~365.8142 Record Date 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 4,~~729~~627,~~458~~997.4615 9,~~660~~481,~~847~~093.3135 Scheduled Principal ~~374~~366,~~782~~351.0787 ~~871~~859,~~765~~816.6068 Unscheduled Principal 1517,~~288~~889,~~551~~694.0189 2634,~~494~~065,~~885~~570.8471 Scheduled Interest 4,~~354~~261,~~676~~645.3928 8,~~789~~621,~~081~~276.7167 Servicing Fees ~~328~~321,~~079~~552.1879 ~~624~~613,~~505~~102.5882 Master Servicing Fees 0.00 0.00 Trustee Fee 2,~~296~~250.5587 4,~~371~~291.5472 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 43,~~024~~937,~~300~~841.6662 8,~~160~~003,~~204~~882.5913 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~133124~~123165 6.~~533332~~527357

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance 1 2019 1,~~006~~330,~~685~~660.00 1,~~005~~327,~~099~~256.8029 0 0.00 0.00 2 4152 911,~~007~~156,~~690~~529.00 811,~~991~~126,~~211~~119.7704 0 0.00 0.00 3 1534 13,~~215~~778,~~934~~075.00 13,~~214~~669,~~000~~426.6924 0 0.00 0.00 4 3947 1517,~~323~~860,~~229~~968.00 1517,~~290~~821,~~509~~601.4636 0 0.00 0.00 Total ~~115~~152 2634,~~553~~126,~~538~~232.00 2633,~~500~~944,~~821~~402.7293 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 026,874.0080 2 0 0.00 0.00 0 0.00 0.00 220,~~556~~100.7653 3 0 0.00 0.00 0 0.00 0.00 018,353.0066 4 0 0.00 0.00 0 0.00 0.00 878,~~539~~534.0783 Total 0 0.00 0.00 0 0.00 0.00 11143,~~095~~863.8382

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 ~~0011133098~~0011112474 CAMS 20.00 01-~~Apr~~Mar-2005 5927,~~780~~000.00 5926,~~691~~939.2029 1 ~~0011133144~~0011126903 NJCA 1520.00 01-~~Mar~~May-2005 5147,~~000~~800.00 5047,~~872~~729.3800 1 ~~0011135360~~0011131903 VACA 2016.00 01-Mar-2005 6156,000.00 6055,~~869~~757.9087 1 ~~0011137038~~0011133933 VACA 2085.00 01-~~May~~Mar-2005 61242,~~494~~250.00 61240,~~407~~918.2312 1 ~~0011137742~~0011134461 FLCA 20.00 01-Apr-2005 3353,~~130~~800.00 3353,~~082~~699.0265 1 ~~0011139443~~0011136346 NVCA 2010.00 01-~~Apr~~Mar-2005 5637,~~000~~500.00 5537,~~820~~413.1534 1 ~~0011140069~~0011137238 FLCA 20.00 01-~~Apr~~Mar-2005 4467,000.00 4366,~~886~~764.6045 1 ~~0011144787~~0011140099 CAWA 2015.00 01-Apr-2005 6632,~~300~~700.00 6632,~~160~~626.9344 1 ~~0011145606~~0011140220 MDIL 2010.00 01-Apr-2005 6837,000.00 6736,~~877~~914.8942 1 ~~0011146121~~0011140922 PACA 2015.00 01-Apr-2005 3546,~~400~~500.00 3546,~~342~~364.9824 1 ~~0011147485~~0011143102 MACA 1020.00 01-~~May~~Apr-2005 3568,~~000~~600.00 3468,~~928~~445.9438 1 ~~0011149234~~0011146520 IAMA 8220.5700 01-~~Feb~~Apr-2005 9053,000.00 8952,~~497~~883.9989 1 ~~0011149495~~0011147273 FLCA 1520.00 01-Apr-2005 2049,~~131~~400.00 2049,~~079~~288.1064 1 ~~0011150222~~0011152260 CA 20.00 01-~~Apr~~May-2005 6022,~~000~~400.00 5922,~~910~~359.8878 1 ~~0011153815~~0011156142 CA 1520.00 01-May-2005 4766,~~250~~800.00 4766,~~197~~700.5876 1 ~~0011157978~~0011162966 NYCA 2063.0080 01-May-2005 53252,000.00 52250,~~942~~987.6605 1 ~~0011159104~~0011163741 ILCA 20.00 01-May-2005 5866,~~000~~610.00 5766,~~937~~466.2458 1 ~~0011166428~~0011167399 VAMD 2025.00 01-May-2005 2143,~~800~~000.00 2142,~~775~~922.8279 1 ~~0011172098~~0011177713 MDCA 20.00 01-May-2005 2361,~~400~~300.00 2361,~~374~~208.0394 12 ~~0011173352~~0011080800 CA 2079.0062 01-~~May~~Jan-2005 62207,000.00 61205,~~931~~860.2431 2 ~~0011078221~~0011093108 CARI 8084.0082 01-Jan-2005 ~~184~~190,000.00 ~~183~~188,~~995~~253.1502 2 ~~0011093731~~0011099945 CAMD 6664.6717 01-~~Feb~~Apr-2005 ~~230~~240,000.00 ~~228~~239,~~907~~078.0598 2 ~~0011113634~~0011102851 ILNV 79.81 01-Dec-2004 170,000.00 168,514.39 2 0011113651 AZ 80.00 01-~~Apr~~Feb-2005 ~~101~~139,~~520~~730.00 ~~101~~138,~~148~~922.1003 2 ~~0011116662~~0011115868 CA 90.00 01-Mar-2005 ~~277~~243,~~200~~900.00 ~~277~~243,~~200~~900.00 2 ~~0011117228~~0011116142 NVVA 8066.0091 01-~~Mar~~Apr-2005 ~~212~~180,000.00 ~~212~~179,343.54 2 0011120207 IL 85.00 01-Apr-2005 85,000.00 84,683.75 2 ~~0011118100~~0011120210 NVIL 85.00 01-Apr-2005 ~~263~~97,~~500~~750.00 ~~262~~97,~~752~~386.6236 2 ~~0011125316~~0011122214 CTCA 7570.3400 01-Mar-2005 ~~275~~168,000.00 ~~273~~167,~~681~~048.6698 2 ~~0011125835~~0011123117 MDVA 7484.4790 01-~~May~~Mar-2005 ~~175~~208,000.00 ~~174~~208,~~639~~000.9700 2 ~~0011125989~~0011126290 CA 8566.0094 01-Mar-2005 ~~289~~164,000.00 ~~287~~163,~~696~~006.5021 2 ~~0011126411~~0011128550 CA 7080.00 01-Apr-2005 276,000.00 275,172.58 2 0011128950 CA 75.00 01-Mar-2005 ~~304~~307,500.00 306,303.35 2 0011129524 CA 65.00 01-Mar-2005 260,~~633~~000.7300 258,545.90 2 ~~0011128503~~0011130557 CA 77.19 01-Apr-2005 154,000.00 153,365.51 2 0011133274 FL 85.00 01-Apr-2005 ~~187~~153,000.00 ~~186~~152,~~248~~386.3198 2 ~~0011128611~~0011135092 WICA 80.00 01-Mar-2005 ~~192~~311,~~000~~200.00 ~~191~~309,~~122~~926.6904 2 ~~0011128806~~0011135590 ILCA 9080.00 01-~~Apr~~Mar-2005 ~~243~~288,000.00 ~~242~~286,~~388~~401.4225 2 ~~0011132265~~0011135640 CA 6773.5797 01-Mar-2005 ~~500~~287,000.00 ~~498~~287,~~383~~001.7895 2 ~~0011133053~~0011136345 AZCA 80.00 01-~~Apr~~Mar-2005 ~~148~~300,000.00 ~~147~~298,~~586~~394.4748 2 ~~0011133140~~0011137614 MDVA 6073.8033 01-~~Apr~~Mar-2005 76110,000.00 76110,000.00 2 ~~0011134076~~0011137702 CANY 7590.00 01-Apr-2005 ~~311~~109,~~250~~710.00 ~~310~~109,~~169~~276.85 2 0011138234 MD 79.27 01-Apr-2005 260,000.00 259,070.56 2 ~~0011137034~~0011138838 VACA 80.00 01-~~May~~Apr-2005 ~~245~~232,~~975~~000.00 ~~245~~231,~~336~~149.0871 2 ~~0011137741~~0011139042 FLCA 54.38 01-Apr-2005 282,800.00 282,032.03 2 0011139213 CO 80.00 01-Apr-2005 ~~132~~136,~~522~~000.00 ~~132~~135,~~159~~399.1225 2 ~~0011139574~~0011140212 PAIL 80.00 01-Apr-2005 ~~128~~296,000.00 ~~128~~294,748.40 2 0011141602 PA 89.02 01-Apr-2005 315,000.00 313,653.94 2 ~~0011140543~~0011141722 CA 85.00 01-Apr-2005 236,300.00 236,300.00 2 0011142367 CA 90.00 01-Apr-2005 ~~229~~191,~~500~~630.00 ~~228~~191,~~759~~010.3558 2 ~~0011141379~~0011143101 AZCA 80.00 01-Apr-2005 ~~164~~274,~~257~~400.00 ~~163~~274,~~793~~400.4200 2 ~~0011141686~~0011143351 ILCA 8089.84 01-Apr-2005 283,000.00 283,000.00 2 0011150560 CA 53.85 01-Apr-2005 ~~192~~245,000.00 ~~191~~244,~~452~~167.6803 2 ~~0011143515~~0011151578 MDIL 95.00 01-Apr-2005 ~~272~~76,~~650~~000.00 ~~271~~75,~~812~~748.4410 2 ~~0011145603~~0011152258 MDCA 80.00 01-~~Apr~~May-2005 ~~272~~89,~~000~~600.00 ~~270~~89,~~998~~285.8076 2 ~~0011146120~~0011152876 PACA 8070.00 01-Apr-2005 ~~141~~346,~~600~~500.00 ~~141~~345,~~171~~261.4730 2 ~~0011146424~~0011155290 NJMD 85.00 01-~~Apr~~May-2005 ~~157~~134,~~250~~300.00 ~~156~~133,~~666~~778.1586 2 ~~0011146611~~0011155323 CAMA 7190.6200 01-Apr-2005 ~~159~~211,~~000~~500.00 ~~158~~210,~~999~~912.6241 2 ~~0011149050~~0011156762 MADC 8074.05 01-May-2005 333,209.00 331,928.32 2 0011159866 NV 60.00 01-May-2005 ~~280~~298,~~000~~800.00 ~~279~~297,~~236~~859.5215 2 ~~0011149209~~0011161433 CA 9070.00 01-~~Apr~~May-2005 ~~225~~315,000.00 ~~225~~313,~~000~~949.0054 2 ~~0011149496~~0011162033 FL 8090.00 01-~~Apr~~May-2005 ~~107~~117,~~366~~000.00 ~~107~~116,~~366~~754.56 2 0011162765 TX 95.00 01-May-2005 54,150.00 53,970.52 2 ~~0011150238~~0011162954 CA 80.00 01-~~Apr~~May-2005 ~~240~~302,~~000~~400.00 ~~239~~302,~~315~~400.8600 2 ~~0011152867~~0011163166 CA 6885.4500 01-~~Apr~~May-2005 ~~230~~276,~~000~~250.00 ~~230~~275,~~000~~399.0079 2 ~~0011154667~~0011166774 MNCA 8480.8600 01-~~Apr~~May-2005 ~~314~~176,000.00 ~~314~~175,~~000~~419.0003 2 ~~0011154928~~0011167207 CAMD 8550.8500 01-~~Apr~~May-2005 ~~352~~180,000.00 ~~351~~179,~~168~~331.3004 2 ~~0011159334~~0011167398 MD 9370.4000 01-May-2005 ~~166~~120,~~250~~400.00 ~~165~~120,~~886~~400.7200 2 ~~0011161270~~0011167941 RIVA 80.00 01-May-2005 ~~200~~344,000.00 ~~200~~343,~~000~~041.0076 2 ~~0011167472~~0011168276 ILNY 7970.3700 01-May-2005 ~~250~~252,000.00 ~~249~~251,~~173~~058.93 2 ~~0011169702~~0011168548 MAIL 8885.8900 01-May-2005 ~~320~~127,~~000~~500.00 ~~319~~127,~~011~~067.7787 23 ~~0011172097~~0011099581 MDCA 8020.00 01-~~May~~Feb-2005 9379,~~600~~795.00 9379,~~600~~482.34 3 0011102320 IL 20.00 201-Feb-2005 ~~0011172289~~57,000.00 56,837.22 3 0011102464 NJ 8520.00 01-~~May~~Mar-2005 ~~165~~108,~~750~~000.00 ~~165~~107,~~340~~593.0212 3 ~~0011088339~~0011112951 CA 20.00 01-~~Jan~~Apr-2005 ~~135~~75,000.00 ~~134~~74,~~464~~860.9808 3 ~~0011132936~~0011118833 CA 2115.8200 01-~~Mar~~Feb-2005 ~~161~~51,~~500~~000.00 ~~161~~50,~~198~~839.7194 3 ~~0011135010~~0011129208 AZFL 20.00 01-Apr-2005 3326,~~600~~230.00 3326,~~524~~164.9144 3 ~~0011139578~~0011132778 PACA 20.00 01-Apr-2005 32100,000.00 3199,~~953~~676.74 3 0011134020 CA 20.00 01-Mar-2005 144,000.00 143,439.34 3 0011135260 CA 20.00 01-Apr-2005 103,000.00 102,807.84 3 0011136913 VA 20.00 01-Mar-2005 70,200.00 70,076.14 3 0011137163 CA 20.00 01-Mar-2005 85,000.00 84,757.19 3 0011137962 CA 20.00 01-Mar-2005 130,000.00 129,707.64 3 ~~0011140512~~0011138587 CA 20.00 01-Apr-2005 89132,000.00 88131,~~867~~753.7977 3 ~~0011141384~~0011139218 AZCO 20.00 01-Apr-2005 4134,~~064~~000.00 4033,~~989~~936.8459 3 ~~0011143123~~0011140158 AZCA 20.00 01-Apr-2005 5781,000.00 5680,~~897~~797.6719 3 ~~0011145409~~0011140433 CA 20.00 01-Apr-2005 ~~127~~137,000.00 ~~126~~136,~~784~~671.2378 3 ~~0011148334~~0011140458 FLNY 20.00 01-Mar-2005 104,000.00 (38.30) 3 0011141460 CA 20.00 01-Apr-2005 4186,000.00 85,748.97 3 0011141786 CA 25.00 01-Apr-2005 200,000.00 199,549.21 3 0011142382 CA 20.00 01-Apr-2005 73,800.00 4173,~~475~~615.8960 3 ~~0011152004~~0011144861 VACA 25.00 01-Apr-2005 152,500.00 152,215.49 3 0011148464 CA 21.05 01-May-2005 200,000.00 199,622.25 3 0011148810 CA 20.00 01-Apr-2005 72121,000.00 71120,~~925~~608.1288 3 ~~0011159361~~0011148900 FLMD 7180.00 01-Apr-2005 368,000.00 366,397.88 3 0011156567 MD 20.00 01-May-2005 9297,000.00 9196,~~783~~859.3976 3 ~~0011164907~~0011160702 MI 20.00 01-May-2005 67,000.00 66,922.01 3 0011162958 CA 20.00 01-May-2005 9775,600.00 75,449.47 3 0011165005 CA 20.00 01-May-2005 87,000.00 9686,~~847~~807.9636 3 ~~0011167617~~0011167300 CA 15.00 01-May-2005 100,350.00 100,150.20 3 0011167942 VA 20.00 01-May-2005 9786,~~800~~000.00 9785,~~646~~888.7048 3 ~~0011169496~~0011168721 AZCA 20.00 01-May-2005 33151,~~170~~000.00 33150,~~146~~683.3423 3 ~~0011172347~~0011169533 VA 20.00 01-May-2005 120,000.00 119,730.59 3 0011170607 CA 20.00 01-May-2005 ~~106~~75,600.00 75,480.83 3 0011177920 VA 29.97 01-May-2005 200,000.00 ~~105~~199,~~882~~792.4403 4 ~~0011081394~~0011089135 MAMD 6580.8700 01-Jan-2005 ~~247~~188,000.00 ~~245~~186,~~761~~546.1864 4 ~~0011088322~~0011102547 CAMA 8085.00 01-~~Jan~~Feb-2005 ~~540~~289,000.00 ~~539~~287,~~883~~507.5663 4 ~~0011091960~~0011109816 CA 8980.9900 01-Feb-2005 ~~530~~535,~~941~~675.00 ~~528~~533,~~066~~043.6606 4 ~~0011096775~~0011110328 CA 8371.5208 01-~~Jan~~Mar-2005 ~~380~~462,000.00 ~~379~~461,~~939~~954.5093 4 ~~0011109511~~0011118069 CA 87.66 01-Apr-2005 412,000.00 410,681.68 4 0011119372 WA 80.00 01-Feb-2005 ~~360~~217,600.00 217,600.00 4 0011126878 CA 80.00 01-Apr-2005 292,000.00 ~~357~~290,~~714~~935.1711 4 ~~0011121522~~0011126902 CA 9580.00 01-~~Mar~~May-2005 ~~460~~191,~~750~~200.00 ~~459~~190,~~180~~597.3297 4 ~~0011126868~~0011128405 NJCA 9569.26 01-Apr-2005 658,000.00 655,334.97 4 0011128487 CA 70.00 01-Mar-2005 ~~446~~483,~~500~~000.00 ~~444~~481,~~602~~213.7902 4 ~~0011131057~~0011129777 NY 8580.00 01-Mar-2005 ~~629~~370,~~000~~800.00 ~~626~~368,~~541~~940.1649 4 ~~0011133093~~0011132777 CA 80.00 01-Apr-2005 ~~239~~400,~~120~~000.00 ~~238~~400,~~246~~000.5900 4 ~~0011134453~~0011135255 CA 8580.00 01-Apr-2005 412,000.00 410,634.09 4 0011136912 VA 80.00 01-Mar-2005 ~~399~~280,~~500~~800.00 ~~397~~279,~~760~~627.7323 4 ~~0011134770~~0011137162 TXCA 80.00 01-~~Apr~~Mar-2005 ~~400~~340,000.00 ~~398~~340,~~277~~000.4200 4 ~~0011136995~~0011137237 MDCA 7580.00 01-~~Apr~~Mar-2005 ~~405~~268,000.00 ~~403~~268,~~666~~000.9800 4 ~~0011137115~~0011137357 IL 80.00 01-Apr-2005 ~~424~~392,000.00 ~~422~~390,~~742~~612.0663 4 ~~0011139018~~0011137961 CA 9080.00 01-Mar-2005 520,000.00 517,399.91 4 0011138030 CA 80.00 01-Apr-2005 ~~630~~528,000.00 ~~628~~528,~~417~~000.1900 4 ~~0011139439~~0011140156 NVCA 80.00 01-Apr-2005 ~~224~~324,000.00 ~~223~~322,~~380~~368.4300 4 ~~0011140036~~0011140407 NJCA 95.00 01-Apr-2005 ~~581~~370,~~400~~500.00 ~~579~~369,~~123~~034.7742 4 ~~0011140068~~0011140435 FLCA 80.00 01-Apr-2005 ~~176~~548,000.00 ~~175~~547,~~358~~827.3768 4 ~~0011140511~~0011141788 CA 8070.00 01-Apr-2005 ~~356~~560,000.00 ~~355~~557,~~032~~356.9821 4 ~~0011143122~~0011142381 AZCA 80.00 01-Apr-2005 ~~228~~295,~~000~~200.00 ~~227~~295,~~244~~200.3900 4 ~~0011143657~~0011144859 CA 6875.1800 01-Apr-2005 ~~375~~457,~~000~~500.00 ~~373~~455,~~931~~693.82 4 0011146012 CA 90.00 01-Apr-2005 432,000.00 430,260.59 4 ~~0011144786~~0011146314 CA 8085.00 01-Apr-2005 ~~265~~435,200.00 ~~265~~435,200.00 4 ~~0011145349~~0011147760 MDCA 6980.0400 01-Apr-2005 ~~223~~197,600.00 197,600.00 4 0011148463 CA 78.95 01-May-2005 750,000.00 ~~222~~750,~~220~~000.8501 4 ~~0011145407~~0011148804 CA 80.00 01-Apr-2005 ~~508~~484,000.00 ~~506~~482,~~009~~163.8629 4 ~~0011147007~~0011149298 CAME 7885.4600 01-~~Apr~~Mar-2005 ~~510~~127,~~000~~500.00 ~~508~~127,~~228~~080.73 4 ~~0011151389~~0011150731 CA 7980.1800 01-Apr-2005 ~~289~~548,000.00 ~~288~~545,~~472~~099.5594 4 ~~0011152003~~0011152297 VAMD 8095.00 01-Apr-2005 ~~288~~362,~~000~~900.00 ~~287~~361,~~276~~467.4330 4 ~~0011153817~~0011156135 CA 80.00 01-May-2005 ~~252~~267,~~000~~200.00 ~~251~~267,~~488~~200.3200 4 ~~0011156060~~0011156543 CAMD 80.00 01-~~Apr~~May-2005 ~~495~~388,~~568~~000.00 ~~494~~386,~~105~~501.0360 4 ~~0011158242~~0011156888 CAIL 8590.00 01-May-2005 ~~361~~198,~~250~~000.00 ~~360~~197,~~420~~595.35 4 0011159751 MI 95.00 01-May-2005 344,850.00 343,913.28 4 ~~0011161352~~0011160221 CA 7157.0397 01-May-2005 ~~483~~200,000.00 ~~481~~199,~~695~~557.6514 4 ~~0011164905~~0011160701 CAMI 80.00 01-May-2005 ~~388~~268,000.00 ~~388~~267,~~000~~455.0013 4 ~~0011166782~~0011164827 CA 80.00 01-May-2005 ~~396~~535,~~000~~200.00 ~~395~~533,~~010~~368.8617 4 ~~0011169086~~0011165448 CAMO 9080.00 01-May-2005 ~~427~~54,~~500~~400.00 ~~426~~54,~~865~~258.9736 4 ~~0011170521~~0011169532 CAVA 8880.00 01-May-2005 ~~396~~480,000.00 ~~395~~478,~~018~~349.5907 4 ~~0011170790~~0011170604 VACA 7580.00 01-May-2005 ~~360~~302,~~000~~400.00 ~~360~~301,~~000~~397.0084 4 ~~0011171628~~0011173591 CA 9075.00 01-May-2005 ~~625~~450,~~500~~000.00 ~~624~~448,~~063~~253.3584 4 ~~0011173351~~0011176339 CA 80.00 01-May-2005 ~~248~~528,000.00 ~~247~~528,~~401~~000.5000 4 ~~0011173844~~0011177712 CA 7880.5700 01-May-2005 ~~440~~245,~~000~~200.00 ~~439~~244,~~190~~465.5227 4 ~~0011179020~~0011177918 CAVA 70.5303 01-May-2005 ~~335~~467,~~000~~243.00 ~~334~~465,~~472~~863.2066

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~0011133098~~0011112474 Loan Paid in Full 0 10.875% 180 35 1 ~~0011133144~~0011126903 Loan Paid in Full 0 910.~~500~~875% 180 43 1 ~~0011135360~~0011131903 Loan Paid in Full 0 108.~~250~~750% 180 45 1 ~~0011137038~~0011133933 Loan Paid in Full 0 96.~~750~~500% ~~180~~360 25 1 ~~0011137742~~0011134461 Loan Paid in Full 0 10.~~990~~875% 180 34 1 ~~0011139443~~0011136346 Loan Paid in Full 01 710.~~150~~750% 180 35 1 ~~0011140069~~0011137238 Loan Paid in Full 0 8.~~250~~750% 180 35 1 ~~0011144787~~0011140099 Loan Paid in Full 0 910.~~250~~000% 180 34 1 ~~0011145606~~0011140220 Loan Paid in Full ~~(1)~~0 910.990% 180 34 1 ~~0011146121~~0011140922 Loan Paid in Full 0 108.~~500~~750% 180 34 1 ~~0011147485~~0011143102 Loan Paid in Full 0 79.990% 180 24 1 ~~0011149234~~0011146520 Loan Paid in Full 0 610.~~425~~125% ~~360~~180 54 1 ~~0011149495~~0011147273 Loan Paid in Full 0 89.~~250~~990% 180 34 1 ~~0011150222~~0011152260 Loan Paid in Full 0 109.~~875~~990% 180 3 1 ~~0011153815~~0011156142 Loan Paid in Full 0 10.875% 180 23 1 ~~0011157978~~0011162966 Loan Paid in Full 01 105.990% ~~180~~360 23 1 ~~0011159104~~0011163741 Loan Paid in Full 0 109.~~990~~125% 180 23 1 ~~0011166428~~0011167399 Loan Paid in Full 0 109.~~875~~990% 180 23 1 ~~0011172098~~0011177713 Loan Paid in Full 0 10.875% 180 3 2 10011080800 ~~0011173352~~ Loan Paid in Full 0 107.~~875~~990% ~~180~~360 27 2 ~~0011078221~~0011093108 Loan Paid in Full ~~(1)~~0 56.~~875~~500% 360 67 2 ~~0011093731~~0011099945 Loan Paid in Full 0 78.~~250~~375% 360 54 2 ~~0011113634~~0011102851 Loan Paid in Full 0 6.~~475~~440% 360 38 2 ~~0011116662~~0011113651 Loan Paid in Full 0 57.~~990~~050% 360 46 2 ~~0011117228~~0011115868 Loan Paid in Full 01 65.~~650~~875% 360 45 2 ~~0011118100~~0011116142 Loan Paid in Full 0 7.~~775~~650% 360 34 2 ~~0011125316~~0011120207 Loan Paid in Full 0 67.~~250~~550% 360 4 2 ~~0011125835~~0011120210 Loan Paid in Full 0 7.~~925~~550% 360 24 2 ~~0011125989~~0011122214 Loan Paid in Full 0 76.~~550~~351% 360 45 2 ~~0011126411~~0011123117 Loan Paid in Full 0 86.~~875~~500% 360 45 2 ~~0011128503~~0011126290 Loan Paid in Full 0 5.990% 360 35 2 ~~0011128611~~0011128550 Loan Paid in Full 0 68.~~500~~626% 360 4 2 ~~0011128806~~0011128950 Loan Paid in Full 0 8.~~375~~251% 360 35 2 ~~0011132265~~0011129524 Loan Paid in Full 0 7.000% 360 5 2 0011130557 Loan Paid in Full 2 8.~~250~~051% 360 4 2 ~~0011133053~~0011133274 Loan Paid in Full 0 7.~~850~~175% 360 34 2 ~~0011133140~~0011135092 Loan Paid in Full 0 8.000% 360 5 2 0011135590 Loan Paid in Full 2 6.~~725~~450% 360 35 2 ~~0011134076~~0011135640 Loan Paid in Full 0 6.~~750~~425% 360 35 2 ~~0011137034~~0011136345 Loan Paid in Full 01 6.~~750~~640% 360 5 2 0011137614 Loan Paid in Full 0 6.775% 360 5 2 ~~0011137741~~0011137702 Loan Paid in Full 0 7.~~950~~250% 360 34 2 ~~0011139574~~0011138234 Loan Paid in Full 0 7.~~825~~750% 360 34 2 ~~0011140543~~0011138838 Loan Paid in Full 0 7.~~125~~625% 360 34 2 ~~0011141379~~0011139042 Loan Paid in Full 0 79.~~800~~100% 360 34 2 ~~0011141686~~0011139213 Loan Paid in Full 0 76.~~750~~675% 360 34 2 ~~0011143515~~0011140212 Loan Paid in Full 0 76.~~375~~900% 360 34 2 ~~0011145603~~0011141602 Loan Paid in Full (1) 6.~~450~~925% 360 34 2 ~~0011146120~~0011141722 Loan Paid in Full 0 75.~~450~~990% 360 34 2 ~~0011146424~~0011142367 Loan Paid in Full 0 68.~~875~~250% 360 34 2 ~~0011146611~~0011143101 Loan Paid in Full 0 5.~~250~~725% 360 34 2 ~~0011149050~~0011143351 Loan Paid in Full 0 6.~~500~~990% 360 4 2 0011150560 Loan Paid in Full 1 8.000% 360 4 2 ~~0011149209~~0011151578 Loan Paid in Full 01 58.~~475~~126% 360 34 2 ~~0011149496~~0011152258 Loan Paid in Full 0 6.~~075~~700% 360 3 2 ~~0011150238~~0011152876 Loan Paid in Full 01 7.750% 360 34 2 ~~0011152867~~0011155290 Loan Paid in Full 0 56.~~990~~175% 360 3 2 ~~0011154667~~0011155323 Loan Paid in Full 01 68.~~750~~990% 360 34 2 ~~0011154928~~0011156762 Loan Paid in Full 0 86.~~675~~225% 360 3 2 ~~0011159334~~0011159866 Loan Paid in Full 01 7.~~625~~250% 360 23 2 ~~0011161270~~0011161433 Loan Paid in Full 0 6.990% 360 3 2 0011162033 Loan Paid in Full 1 9.250% 360 3 2 ~~0011167472~~0011162765 Loan Paid in Full 01 6.~~000~~990% 360 23 2 ~~0011169702~~0011162954 Loan Paid in Full 0 5.~~850~~900% 360 3 2 0011163166 Loan Paid in Full 0 7.500% 360 3 2 ~~0011172097~~0011166774 Loan Paid in Full 0 7.~~650~~010% 360 3 2 0011167207 Loan Paid in Full 0 6.400% 360 3 2 ~~0011172289~~0011167398 Loan Paid in Full 0 7.000% 360 3 2 0011167941 Loan Paid in Full 0 7.865% 360 3 ~~0011088339~~2 0011168276 Loan Paid in Full 0 96.375% 360 3 2 0011168548 Loan Paid in Full 1 6.875% 360 3 3 0011099581 Loan Paid in Full 0 8.990% 180 6 3 0011102320 Loan Paid in Full 0 10.500% 180 6 3 ~~0011132936~~0011102464 Loan Paid in Full 0 10.250% 180 5 3 0011112951 Loan Paid in Full 1 10.875% 180 4 3 ~~0011135010~~0011118833 Loan Paid in Full 1 10.875% 180 6 3 0011129208 Loan Paid in Full 0 9.~~750~~500% 180 34 3 ~~0011139578~~0011132778 Loan Paid in Full 0 8.250% 180 4 3 0011134020 Loan Paid in Full 2 8.250% 180 5 3 0011135260 Loan Paid in Full 2 10.875% 180 4 3 0011136913 Loan Paid in Full 0 11.990% 180 5 3 0011137163 Loan Paid in Full 1 9.750% 180 5 3 ~~0011140512~~0011137962 Loan Paid in Full 0 10.875% 180 5 3 0011138587 Loan Paid in Full 0 10.875% 180 4 3 ~~0011141384~~0011139218 Loan Paid in Full 0 1110.~~500~~875% 180 4 3 0011140158 Loan Paid in Full 0 9.490% 180 4 3 ~~0011143123~~0011140433 Loan Paid in Full 0 10.750% 180 4 3 0011140458 Loan Paid in Full 0 8.250% 180 5 3 0011141460 Loan Paid in Full 0 8.750% 180 4 3 0011141786 Loan Paid in Full 0 9.990% 180 4 3 0011142382 Loan Paid in Full 0 9.500% 180 4 3 ~~0011145409~~0011144861 Loan Paid in Full 0 10.875% 180 4 3 0011148464 Loan Paid in Full 0 9.751% 180 3 3 0011148810 Loan Paid in Full 0 8.250% 180 4 3 0011148900 Loan Paid in Full 0 6.750% 360 4 3 ~~0011148334~~0011156567 Loan Paid in Full 0 1211.~~500~~000% 180 3 3 ~~0011152004~~0011160702 Loan Paid in Full 0 1211.990% 180 3 3 0011162958 Loan Paid in Full 0 9.500% 180 3 3 ~~0011159361~~0011165005 Loan Paid in Full 0 78.~~250~~990% ~~360~~180 23 3 ~~0011164907~~0011167300 Loan Paid in Full 0 9.~~250~~500% 180 23 3 ~~0011167617~~0011167942 Loan Paid in Full 0 11.500% 180 3 3 0011168721 Loan Paid in Full 0 9.250% 180 23 3 ~~0011169496~~0011169533 Loan Paid in Full 0 129.~~875~~990% 180 23 3 ~~0011172347~~0011170607 Loan Paid in Full 0 10.~~875~~600% 180 23 3 0011177920 Loan Paid in Full 0 12.500% 180 3 4 ~~0011081394~~0011089135 Loan Paid in Full 0 6.250% 360 7 4 0011102547 Loan Paid in Full 0 7.~~775~~625% 360 6 4 ~~0011088322~~0011109816 Loan Paid in Full 0 57.~~175~~875% 360 6 4 ~~0011091960~~0011110328 Loan Paid in Full 0 75.~~200~~990% 360 5 4 ~~0011096775~~0011118069 Loan Paid in Full 0 58.~~750~~300% 360 64 4 ~~0011109511~~0011119372 Loan Paid in Full ~~(1)~~0 5.~~925~~990% 360 56 4 ~~0011121522~~0011126878 Loan Paid in Full (1) 7.~~990~~650% 360 4 4 ~~0011126868~~0011126902 Loan Paid in Full 0 67.~~875~~250% 360 43 4 ~~0011131057~~0011128405 Loan Paid in Full 0 7.~~300~~120% 360 4 4 ~~0011133093~~0011128487 Loan Paid in Full 0 8.500% 360 5 4 0011129777 Loan Paid in Full 0 6.~~490~~975% 360 35 4 ~~0011134453~~0011132777 Loan Paid in Full 0 6.~~750~~375% 360 4 4 ~~0011134770~~0011135255 Loan Paid in Full ~~(1)~~2 58.~~625~~125% 360 34 4 ~~0011136995~~0011136912 Loan Paid in Full 0 7.~~025~~900% 360 35 4 ~~0011137115~~0011137162 Loan Paid in Full 01 76.~~550~~650% 360 35 4 ~~0011139018~~0011137237 Loan Paid in Full 0 86.~~375~~825% 360 35 4 ~~0011139439~~0011137357 Loan Paid in Full 0 7.~~900~~800% 360 34 4 ~~0011140036~~0011137961 Loan Paid in Full 0 6.~~575~~990% 360 35 4 ~~0011140068~~0011138030 Loan Paid in Full 0 65.~~500~~990% 360 34 4 ~~0011140511~~0011140156 Loan Paid in Full 0 75.990% 360 34 4 ~~0011143122~~0011140407 Loan Paid in Full 0 67.~~990~~240% 360 34 4 ~~0011143657~~0011140435 Loan Paid in Full 0 7.~~750~~500% 360 34 4 ~~0011144786~~0011141788 Loan Paid in Full 0 6.~~450~~330% 360 34 4 ~~0011145349~~0011142381 Loan Paid in Full ~~(1)~~0 5.925% 360 4 4 0011144859 Loan Paid in Full 0 7.250% 360 34 4 ~~0011145407~~0011146012 Loan Paid in Full 0 67.~~125~~150% 360 34 4 ~~0011147007~~0011146314 Loan Paid in Full ~~(2)~~0 5.990% 360 4 4 0011147760 Loan Paid in Full 0 6.~~750~~300% 360 4 4 0011148463 Loan Paid in Full 0 5.751% 360 3 4 ~~0011151389~~0011148804 Loan Paid in Full 0 7.450% 360 4 4 0011149298 Loan Paid in Full 0 9.~~925~~075% 360 35 4 ~~0011152003~~0011150731 Loan Paid in Full ~~(1)~~0 86.~~375~~625% 360 34 4 ~~0011153817~~0011152297 Loan Paid in Full 0 7.~~990~~250% 360 24 4 ~~0011156060~~0011156135 Loan Paid in Full 0 7.~~575~~025% 360 3 4 ~~0011158242~~0011156543 Loan Paid in Full 0 76.200% 360 3 4 0011156888 Loan Paid in Full 0 9.375% 360 23 4 ~~0011161352~~0011159751 Loan Paid in Full 0 67.~~550~~990% 360 23 4 ~~0011164905~~0011160221 Loan Paid in Full 0 68.990% 360 23 4 ~~0011166782~~0011160701 Loan Paid in Full 0 69.~~950~~400% 360 23 4 ~~0011169086~~0011164827 Loan Paid in Full 0 6.~~076~~825% 360 23 4 ~~0011170521~~0011165448 Loan Paid in Full 0 68.~~990~~200% 360 23 4 ~~0011170790~~0011169532 Loan Paid in Full 0 6.800% 360 23 4 ~~0011171628~~0011170604 Loan Paid in Full 0 76.~~375~~990% 360 23 4 ~~0011173351~~0011173591 Loan Paid in Full 0 76.~~125~~175% 360 23 4 ~~0011173844~~0011176339 Loan Paid in Full 1 6.990% 360 3 4 0011177712 Loan Paid in Full 0 87.~~475~~500% 360 23 4 ~~0011179020~~0011177918 Loan Paid in Full 0 97.~~225~~575% 360 23

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 12.~~769~~316% Current Month 1924.~~277~~516% Current Month 3,~~374~~181.~~141~~761% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 19.277% N/A Jul-2005 3,374.141% N/A Aug-2005 24.516% N/A Aug-2005 3,181.761% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 01.~~890~~210% Current Month 1013.~~167~~592% Current Month 1,~~723~~720.~~892~~866% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 10.167% N/A Jul-2005 1,723.892% N/A Aug-2005 13.592% N/A Aug-2005 1,720.866% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 12.~~987~~514% Current Month 2126.~~402~~327% Current Month 3,~~642~~347.~~701~~561% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 21.402% N/A Jul-2005 3,642.701% N/A Aug-2005 26.327% N/A Aug-2005 3,347.561% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 SMM CPR PSA Current Month 02.~~833~~553% Current Month 926.~~555~~677% Current Month 13,~~725~~543.~~947~~451% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 9.555% N/A Jul-2005 1,725.947% N/A Aug-2005 26.677% N/A Aug-2005 3,543.451% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 SMM CPR PSA Current Month 12.~~943~~319% Current Month 2024.~~975~~541% Current Month 3,~~727~~221.~~870~~397% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 20.975% N/A Jul-2005 3,727.870% N/A Aug-2005 24.541% N/A Aug-2005 3,221.397% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

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

Filing Compare · Morgan Stanley ABS Capital I Inc. Trust 2005-WMC5