8-K 1 msm05001_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 MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104283-25 54-2169378 Pooling and Servicing Agreement) (Commission 54-2169379 (State or other File Number) 54-2169380 jurisdiction 54-2169381 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of MORGAN STANLEY MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-1 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 2005-1 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 MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator 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 2005-1 Trust, relating to the August 25, 2005 distribution. EX-99.1

Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 57/3129/2005 Distribution Date: 68/2725/2005 Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Series 2005-1 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 1-A-1 61748HHS3 SEN 5.25000% 2726,~~690~~676,~~398~~082.7513 ~~121~~116,~~145~~707.4986 1-A-2 61748HHT1 SEN 5.25000% 6462,~~371~~252,~~595~~404.8522 ~~281~~272,~~625~~354.7327 1-A-3 61748HHU8 SEN 5.25000% 13,060,000.00 57,137.50 1-A-4 61748HHV6 SEN 5.25000% 2,240,000.00 9,800.00 1-A-5 61748HHW4 SEN 5.25000% 9,~~861~~768,~~583~~293.6992 4342,~~144~~736.4329 1-A-6 61748HHX2 SEN 5.25000% 10,~~638~~731,~~416~~706.3108 46,~~543~~951.0721 2-A-1 61748HHY0 SEN 3.~~39000~~76000% 3029,~~317~~224,~~290~~628.3708 8591,~~646~~570.3550 2-A-2 61748HHZ7 SEN 43.~~11000~~74000% 0.00 ~~103~~91,~~836~~083.7242 3-A-1 61748HJA0 SEN 5.00000% 8784,~~552~~121,~~660~~921.4690 ~~364~~350,~~802~~508.7501 3-A-2 61748HJB8 SEN 5.25000% 5856,~~593~~297,~~158~~194.8020 ~~256~~246,~~345~~300.0722 3-A-3 61748HJC6 SEN 5.25000% 20,675,000.00 90,453.13 3-A-4 61748HJD4 SEN 5.25000% 1,325,000.00 5,796.88 3-A-5 61748HJE2 SEN 3.~~39000~~76000% 9,~~728~~346,~~073~~880.3821 2729,~~481~~286.8189 3-A-6 61748HJF9 SEN 43.~~11000~~74000% 0.00 3329,~~318~~131.6511 3-A-7 61748HJG7 SEN 5.25000% 11,000,000.00 48,125.00 4-A-1 61748HJH5 SEN 3.~~39000~~76000% 6057,~~782~~924,~~843~~370.6676 ~~171~~181,~~711~~496.5336 4-A-2 61748HJJ1 SEN 43.~~11000~~74000% 0.00 ~~208~~180,~~181~~530.2496 4-A-X 61748HJK8 SEN 5.00000% 0.00 ~~641~~640.6779 A-P 61748HJL6 SEN 0.00000% 203,~~758~~476.3458 0.00 A-R 61748HJQ5 SEN 5.25000% 0.00 203.8257 B-1 61748HJM4 SUB 5.~~75510~~75515% 8,~~802~~789,~~764~~718.1527 42,~~217~~155.3314 B-2 61748HJN2 SUB 5.~~75510~~75515% 3,~~081~~076,~~266~~700.8030 14,~~777~~755.5073 B-3 61748HJP7 SUB 5.~~75510~~75515% 1,~~761~~758,~~151~~541.5246 8,~~446~~433.3490 B-4 61748HJR3 SUB 5.~~75510~~75515% 1,~~761~~758,~~151~~541.5246 8,~~446~~433.3490 B-5 61748HJS1 SUB 5.~~75510~~75515% 1,~~320~~318,~~115~~158.2884 6,~~331~~321.1684 B-6 61748HJT9 SUB 5.~~75510~~75515% ~~880~~879,~~958~~653.9232 4,~~225~~218.0178 P 61748HJU6 SEN 0.00000% 100.00 2018,~~458~~122.2559 Totals ~~425~~412,~~647~~428,~~287~~371.8073 21,~~060~~993,~~842~~255.7785

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 ~~147~~798,~~123~~770.8371 0.00 2725,~~543~~877,~~274~~311.9342 ~~268~~915,~~269~~478.3257 0.00 1-A-2 ~~307~~1,~~382~~668,855.9083 0.00 6460,~~064~~583,~~212~~548.9539 ~~589~~1,~~008~~941,210.6310 0.00 1-A-3 0.00 0.00 13,060,000.00 57,137.50 0.00 1-A-4 0.00 0.00 2,240,000.00 9,800.00 0.00 1-A-5 46,~~543~~951.0721 0.00 9,~~815~~721,~~040~~342.6271 89,687.50 0.00 1-A-6 (46,~~543~~951.0721) 0.00 10,~~684~~778,~~959~~657.3829 0.00 0.00 2-A-1 ~~180~~585,~~247~~494.5528 0.00 3028,~~137~~639,~~042~~133.8280 ~~265~~677,~~893~~064.9078 0.00 2-A-2 0.00 0.00 0.00 ~~103~~91,~~836~~083.7242 0.00 3-A-1 ~~713~~2,~~741~~165,286.6942 0.00 8681,~~838~~956,~~918~~635.7747 12,~~078~~515,~~544~~794.4443 0.00 3-A-2 ~~477~~1,~~659~~449,081.7385 0.00 5854,~~115~~848,~~499~~112.0735 ~~734~~1,~~004~~695,382.8007 0.00 3-A-3 0.00 0.00 20,675,000.00 90,453.13 0.00 3-A-4 0.00 0.00 1,325,000.00 5,796.88 0.00 3-A-5 79240,~~304~~587.6338 0.00 9,~~648~~106,~~768~~292.7583 ~~106~~269,~~786~~874.4427 0.00 3-A-6 0.00 0.00 0.00 3329,~~318~~131.6511 0.00 3-A-7 0.00 0.00 11,000,000.00 48,125.00 0.00 4-A-1 ~~384~~1,~~873~~641,946.1003 0.00 6056,~~397~~282,~~970~~424.5773 ~~556~~1,~~584~~823,442.6339 0.00 4-A-2 0.00 0.00 0.00 ~~208~~180,~~181~~530.2496 0.00 4-A-X 0.00 0.00 0.00 ~~641~~640.6779 0.00 A-P ~~138~~143.8948 0.00 203,~~619~~333.4510 ~~138~~143.8948 0.00 A-R 0.00 0.00 0.00 203.8257 0.00 B-1 6,~~495~~563.3982 0.00 8,~~796~~783,~~268~~154.7645 48,~~712~~718.7296 0.00 B-2 2,~~273~~297.6156 0.00 3,~~078~~074,~~993~~402.1974 17,~~051~~053.1129 0.00 B-3 1,~~299~~313.5221 0.00 1,~~759~~757,~~852~~228.0025 9,~~745~~747.8611 0.00 B-4 1,~~299~~313.5221 0.00 1,~~759~~757,~~852~~228.0025 9,~~745~~747.8611 0.00 B-5 ~~974~~984.0935 0.00 1,~~319~~317,~~141~~174.1949 7,~~305~~306.2519 0.00 B-6 ~~650~~656.0489 0.00 ~~880~~878,~~308~~996.8843 4,875.0567 0.00 P 0.00 0.00 100.00 2018,~~458~~122.2559 0.00 Totals 28,~~303~~563,~~464~~295.4902 0.00 ~~423~~403,~~343~~865,~~823~~076.3370 410,~~364~~556,~~307~~550.2687 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 30,000,000.00 2726,~~690~~676,~~398~~082.7513 3635,~~301~~906.5346 ~~110~~762,~~822~~864.3025 0.00 0.00 1-A-2 69,197,000.00 6462,~~371~~252,~~595~~404.8522 75,~~844~~018.0666 ~~231~~1,~~538~~593,837.8418 0.00 0.00 1-A-3 13,060,000.00 13,060,000.00 0.00 0.00 0.00 0.00 1-A-4 2,240,000.00 2,240,000.00 0.00 0.00 0.00 0.00 1-A-5 10,000,000.00 9,~~861~~768,~~583~~293.6992 112,~~484~~110.1056 3544,~~058~~840.9766 0.00 0.00 1-A-6 10,500,000.00 10,~~638~~731,~~416~~706.3108 0.00 0.00 (46,~~543~~951.0721) 0.00 2-A-1 31,808,000.00 3029,~~317~~224,~~290~~628.3708 2625,~~295~~738.7125 ~~153~~559,~~951~~756.8403 0.00 0.00 2-A-2 0.00 0.00 0.00 0.00 0.00 0.00 3-A-1 90,000,000.00 8784,~~552~~121,~~660~~921.4690 7069,~~621~~177.9748 ~~643~~2,~~119~~096,108.7294 0.00 0.00 3-A-2 60,231,000.00 5856,~~593~~297,~~158~~194.8020 4746,~~262~~295.5788 ~~430~~1,~~397~~402,785.1598 0.00 0.00 3-A-3 20,675,000.00 20,675,000.00 0.00 0.00 0.00 0.00 3-A-4 1,325,000.00 1,325,000.00 0.00 0.00 0.00 0.00 3-A-5 10,000,000.00 9,~~728~~346,~~073~~880.3821 7,~~846~~686.8939 71232,~~457~~900.7599 0.00 0.00 3-A-6 0.00 0.00 0.00 0.00 0.00 0.00 3-A-7 11,000,000.00 11,000,000.00 0.00 0.00 0.00 0.00 4-A-1 63,240,000.00 6057,~~782~~924,~~843~~370.6676 3634,~~251~~649.9786 ~~348~~1,~~621~~607,296.1217 0.00 0.00 4-A-2 0.00 0.00 0.00 0.00 0.00 0.00 4-A-X 0.00 0.00 0.00 0.00 0.00 0.00 A-P 224,329.96 203,~~758~~476.3458 ~~138~~140.8909 03.0039 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 8,822,000.00 8,~~802~~789,~~764~~718.1527 6,~~495~~563.3982 0.00 0.00 0.00 B-2 3,088,000.00 3,~~081~~076,~~266~~700.8030 2,~~273~~297.6156 0.00 0.00 0.00 B-3 1,765,000.00 1,~~761~~758,~~151~~541.5246 1,~~299~~313.5221 0.00 0.00 0.00 B-4 1,765,000.00 1,~~761~~758,~~151~~541.5246 1,~~299~~313.5221 0.00 0.00 0.00 B-5 1,323,000.00 1,~~320~~318,~~115~~158.2884 ~~974~~984.0935 0.00 0.00 0.00 B-6 882,884.00 ~~880~~879,~~958~~653.9232 ~~650~~656.0489 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 441,146,413.96 ~~425~~412,~~647~~428,~~287~~371.8073 ~~325~~309,~~039~~852.8667 28,~~024~~300,~~967~~393.6959 (46,~~543~~951.0721) 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 1-A-1 ~~147~~798,~~123~~770.8371 2725,~~543~~877,~~274~~311.9342 0.~~91810916~~86257705 ~~147~~798,~~123~~770.8371 1-A-2 ~~307~~1,~~382~~668,855.9083 6460,~~064~~583,~~212~~548.9539 0.~~92582356~~87552276 ~~307~~1,~~382~~668,855.9083 1-A-3 0.00 13,060,000.00 1.00000000 0.00 1-A-4 0.00 2,240,000.00 1.00000000 0.00 1-A-5 46,~~543~~951.0721 9,~~815~~721,~~040~~342.6271 0.~~98150406~~97213427 46,~~543~~951.0721 1-A-6 (46,~~543~~951.0721) 10,~~684~~778,~~959~~657.3829 1.~~01761518~~02653879 (46,~~543~~951.0721) 2-A-1 ~~180~~585,~~247~~494.5528 3028,~~137~~639,~~042~~133.8280 0.~~94746739~~90037518 ~~180~~585,~~247~~494.5528 2-A-2 0.00 0.00 0.00000000 0.00 3-A-1 ~~713~~2,~~741~~165,286.6942 8681,~~838~~956,~~918~~635.7747 0.~~96487688~~91062928 ~~713~~2,~~741~~165,286.6942 3-A-2 ~~477~~1,~~659~~449,081.7385 5854,~~115~~848,~~499~~112.0735 0.~~96487688~~91062928 ~~477~~1,~~659~~449,081.7385 3-A-3 0.00 20,675,000.00 1.00000000 0.00 3-A-4 0.00 1,325,000.00 1.00000000 0.00 3-A-5 79240,~~304~~587.6338 9,~~648~~106,~~768~~292.7583 0.~~96487688~~91062928 79240,~~304~~587.6338 3-A-6 0.00 0.00 0.00000000 0.00 3-A-7 0.00 11,000,000.00 1.00000000 0.00 4-A-1 ~~384~~1,~~873~~641,946.1003 6056,~~397~~282,~~970~~424.5773 0.~~95505962~~88998142 ~~384~~1,~~873~~641,946.1003 4-A-2 0.00 0.00 0.00000000 0.00 4-A-X 0.00 0.00 0.00000000 0.00 A-P ~~138~~143.8948 203,~~619~~333.4510 0.~~90767836~~90640189 ~~138~~143.8948 A-R 0.00 0.00 0.00000000 0.00 B-1 6,~~495~~563.3982 8,~~796~~783,~~268~~154.7645 0.~~99708329~~99559674 6,~~495~~563.3982 B-2 2,~~273~~297.6156 3,~~078~~074,~~993~~402.1974 0.~~99708329~~99559674 2,~~273~~297.6156 B-3 1,~~299~~313.5221 1,~~759~~757,~~852~~228.0025 0.~~99708329~~99559674 1,~~299~~313.5221 B-4 1,~~299~~313.5221 1,~~759~~757,~~852~~228.0025 0.~~99708329~~99559674 1,~~299~~313.5221 B-5 ~~974~~984.0935 1,~~319~~317,~~141~~174.1949 0.~~99708329~~99559674 ~~974~~984.0935 B-6 ~~650~~656.0489 ~~880~~878,~~308~~996.8843 0.~~99708329~~99559674 ~~650~~656.0489 P 0.00 100.00 1.00000000 0.00 Totals 28,~~303~~563,~~464~~295.4902 ~~423~~403,~~343~~865,~~823~~076.3370 0.~~95964471~~91548988 28,~~303~~563,~~464~~295.4902

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 30,000,000.00 ~~923~~889.~~01329167~~20273767 1.~~21005100~~19688200 325.~~69407667~~42880833 0.00000000 1-A-2 69,197,000.00 ~~930~~899.~~26570299~~64021880 1.~~09605994~~08413168 323.~~34608206~~03332775 0.00000000 1-A-3 13,060,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-4 2,240,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-5 10,000,000.00 ~~986~~976.~~15836900~~82939200 10.~~14841000~~21105600 34.~~50589700~~48406600 0.00000000 1-A-6 10,500,000.00 ~~1013~~1022.~~18250571~~06724571 0.00000000 0.00000000 (4.~~43267333~~47154381) 2-A-1 31,808,000.00 ~~953~~918.~~13412884~~78232143 0.~~82670114~~80917536 417.~~84003521~~59796372 0.00000000 2-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 90,000,000.00 ~~972~~934.~~80733844~~68802111 0.~~78468856~~76863867 723.~~14577467~~29009933 0.00000000 3-A-2 60,231,000.00 ~~972~~934.~~80733841~~68802112 0.~~78468845~~76863874 723.~~14577460~~29009945 0.00000000 3-A-3 20,675,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A-4 1,325,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A-5 10,000,000.00 ~~972~~934.~~80733800~~68802100 0.~~78468900~~76863900 723.~~14577500~~29009900 0.00000000 3-A-6 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-7 11,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-A-1 63,240,000.00 ~~961~~915.~~14553542~~94514168 0.~~57324431~~54791050 525.~~51266793~~41581546 0.00000000 4-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-P 224,329.96 ~~908~~907.~~29749178~~04148478 0.~~61913264~~62448190 0.~~00000000~~01511167 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,822,000.00 ~~997~~996.~~81955906~~34076967 0.~~73627182~~74402856 0.00000000 0.00000000 B-2 3,088,000.00 ~~997~~996.~~81955959~~34077073 0.~~73627267~~74402850 0.00000000 0.00000000 B-3 1,765,000.00 ~~997~~996.~~81955807~~34077054 0.~~73627195~~74402833 0.00000000 0.00000000 B-4 1,765,000.00 ~~997~~996.~~81955807~~34077054 0.~~73627195~~74402833 0.00000000 0.00000000 B-5 1,323,000.00 ~~997~~996.~~81956160~~34077098 0.~~73627362~~74402872 0.00000000 0.00000000 B-6 882,884.00 ~~997~~996.~~81955500~~34076504 0.~~73626886~~74402753 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes per $ 1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 426.~~90412767~~62569033 ~~918~~862.~~10916433~~57704733 0.~~91810916~~86257705 426.~~90412767~~62569033 1-A-2 0.00000000 424.~~44214200~~11745928 ~~925~~875.~~82356099~~52275951 0.~~92582356~~87552276 424.~~44214200~~11745928 1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-5 0.00000000 4.~~65430700~~69512100 ~~981~~972.~~50406200~~13427100 0.~~98150406~~97213427 4.~~65430700~~69512100 1-A-6 0.00000000 (4.~~43267333~~47154381) 1,~~017~~026.~~61517905~~53878952 1.~~01761518~~02653879 (4.~~43267333~~47154381) 2-A-1 0.00000000 518.~~66673636~~40713908 ~~947~~900.~~46739248~~37518234 0.~~94746739~~90037518 518.~~66673636~~40713908 2-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 0.00000000 724.~~93046322~~05873800 ~~964~~910.~~87687522~~62928300 0.~~96487688~~91062928 724.~~93046322~~05873800 3-A-2 0.00000000 724.~~93046322~~05873803 ~~964~~910.~~87687520~~62928309 0.~~96487688~~91062928 724.~~93046322~~05873803 3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A-5 0.00000000 724.~~93046300~~05873800 ~~964~~910.~~87687500~~62928300 0.~~96487688~~91062928 724.~~93046300~~05873800 3-A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-A-1 0.00000000 625.~~08591240~~96372596 ~~955~~889.~~05962318~~98141572 0.~~95505962~~88998142 625.~~08591240~~96372596 4-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-P 0.00000000 0.~~61913264~~63959357 ~~907~~906.~~67835915~~40189121 0.~~90767836~~90640189 0.~~61913264~~63959357 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~73627182~~74402856 ~~997~~995.~~08328724~~59674110 0.~~99708329~~99559674 0.~~73627182~~74402856 B-2 0.00000000 0.~~73627267~~74402850 ~~997~~995.~~08328692~~59674223 0.~~99708329~~99559674 0.~~73627267~~74402850 B-3 0.00000000 0.~~73627195~~74402833 ~~997~~995.~~08328612~~59674221 0.~~99708329~~99559674 0.~~73627195~~74402833 B-4 0.00000000 0.~~73627195~~74402833 ~~997~~995.~~08328612~~59674221 0.~~99708329~~99559674 0.~~73627195~~74402833 B-5 0.00000000 0.~~73627362~~74402872 ~~997~~995.~~08328798~~59674225 0.~~99708329~~99559674 0.~~73627362~~74402872 B-6 0.00000000 0.~~73626886~~74402753 ~~997~~995.~~08328614~~59673751 0.~~99708329~~99559674 0.~~73626886~~74402753 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 30,000,000.00 5.25000% 2726,~~690~~676,~~398~~082.7513 ~~121~~116,~~145~~707.4986 0.00 0.00 1-A-2 69,197,000.00 5.25000% 6462,~~371~~252,~~595~~404.8522 ~~281~~272,~~625~~354.7327 0.00 0.00 1-A-3 13,060,000.00 5.25000% 13,060,000.00 57,137.50 0.00 0.00 1-A-4 2,240,000.00 5.25000% 2,240,000.00 9,800.00 0.00 0.00 1-A-5 10,000,000.00 5.25000% 9,~~861~~768,~~583~~293.6992 4342,~~144~~736.4329 0.00 0.00 1-A-6 10,500,000.00 5.25000% 10,~~638~~731,~~416~~706.3108 46,~~543~~951.0721 0.00 0.00 2-A-1 31,808,000.00 3.~~39000~~76000% 3029,~~317~~224,~~290~~628.3708 8591,~~646~~570.3550 0.00 0.00 2-A-2 0.00 43.~~11000~~74000% 3029,~~317~~224,~~290~~628.3708 ~~103~~91,~~836~~083.7242 0.00 0.00 3-A-1 90,000,000.00 5.00000% 8784,~~552~~121,~~660~~921.4690 ~~364~~350,~~802~~508.7501 0.00 0.00 3-A-2 60,231,000.00 5.25000% 5856,~~593~~297,~~158~~194.8020 ~~256~~246,~~345~~300.0722 0.00 0.00 3-A-3 20,675,000.00 5.25000% 20,675,000.00 90,453.13 0.00 0.00 3-A-4 1,325,000.00 5.25000% 1,325,000.00 5,796.88 0.00 0.00 3-A-5 10,000,000.00 3.~~39000~~76000% 9,~~728~~346,~~073~~880.3821 2729,~~481~~286.8189 0.00 0.00 3-A-6 0.00 43.~~11000~~74000% 9,~~728~~346,~~073~~880.3821 3329,~~318~~131.6511 0.00 0.00 3-A-7 11,000,000.00 5.25000% 11,000,000.00 48,125.00 0.00 0.00 4-A-1 63,240,000.00 3.~~39000~~76000% 6057,~~782~~924,~~843~~370.6676 ~~171~~181,~~711~~496.5336 0.00 0.00 4-A-2 0.00 43.~~11000~~74000% 6057,~~782~~924,~~843~~370.6676 ~~208~~180,~~181~~530.2496 0.00 0.00 4-A-X 0.00 5.00000% ~~154~~153,~~001~~790.1665 ~~641~~640.6779 0.00 0.00 A-P 224,329.96 0.00000% 203,~~758~~476.3458 0.00 0.00 0.00 A-R 100.00 5.25000% 0.00 0.00 0.00 0.00 B-1 8,822,000.00 5.~~75510~~75515% 8,~~802~~789,~~764~~718.1527 42,~~217~~155.3314 0.00 0.00 B-2 3,088,000.00 5.~~75510~~75515% 3,~~081~~076,~~266~~700.8030 14,~~777~~755.5073 0.00 0.00 B-3 1,765,000.00 5.~~75510~~75515% 1,~~761~~758,~~151~~541.5246 8,~~446~~433.3490 0.00 0.00 B-4 1,765,000.00 5.~~75510~~75515% 1,~~761~~758,~~151~~541.5246 8,~~446~~433.3490 0.00 0.00 B-5 1,323,000.00 5.~~75510~~75515% 1,~~320~~318,~~115~~158.2884 6,~~331~~321.1684 0.00 0.00 B-6 882,884.00 5.~~75510~~75515% ~~880~~879,~~958~~653.9232 4,~~225~~218.0178 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 441,146,413.96 21,~~040~~974,~~180~~929.7069 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 1-A-1 0.00 0.00 ~~121~~116,~~145~~707.4986 0.00 2725,~~543~~877,~~274~~311.9342 1-A-2 0.00 0.00 ~~281~~272,~~625~~354.7327 0.00 6460,~~064~~583,~~212~~548.9539 1-A-3 0.00 0.00 57,137.50 0.00 13,060,000.00 1-A-4 0.00 0.00 9,800.00 0.00 2,240,000.00 1-A-5 0.00 0.00 4342,~~144~~736.4329 0.00 9,~~815~~721,~~040~~342.6271 1-A-6 0.00 0.00 46,~~543~~951.0721 0.00 10,~~684~~778,~~959~~657.3829 2-A-1 0.00 0.00 8591,~~646~~570.3550 0.00 3028,~~137~~639,~~042~~133.8280 2-A-2 0.00 0.00 ~~103~~91,~~836~~083.7242 0.00 3028,~~137~~639,~~042~~133.8280 3-A-1 0.00 0.00 ~~364~~350,~~802~~508.7501 0.00 8681,~~838~~956,~~918~~635.7747 3-A-2 0.00 0.00 ~~256~~246,~~345~~300.0722 0.00 5854,~~115~~848,~~499~~112.0735 3-A-3 0.00 0.00 90,453.13 0.00 20,675,000.00 3-A-4 0.00 0.00 5,796.88 0.00 1,325,000.00 3-A-5 0.00 0.00 2729,~~481~~286.8189 0.00 9,~~648~~106,~~768~~292.7583 3-A-6 0.00 0.00 3329,~~318~~131.6511 0.00 9,~~648~~106,~~768~~292.7583 3-A-7 0.00 0.00 48,125.00 0.00 11,000,000.00 4-A-1 0.00 0.00 ~~171~~181,~~711~~496.5336 0.00 6056,~~397~~282,~~970~~424.5773 4-A-2 0.00 0.00 ~~208~~180,~~181~~530.2496 0.00 6056,~~397~~282,~~970~~424.5773 4-A-X 0.00 0.00 ~~641~~640.6779 0.00 ~~153~~145,~~896~~294.3129 A-P 0.00 0.00 0.00 0.00 203,~~619~~333.4510 A-R 0.00 0.00 203.8257 0.00 0.00 B-1 0.00 0.00 42,~~217~~155.3314 0.00 8,~~796~~783,~~268~~154.7645 B-2 0.00 0.00 14,~~777~~755.5073 0.00 3,~~078~~074,~~993~~402.1974 B-3 0.00 0.00 8,~~446~~433.3490 0.00 1,~~759~~757,~~852~~228.0025 B-4 0.00 0.00 8,~~446~~433.3490 0.00 1,~~759~~757,~~852~~228.0025 B-5 0.00 0.00 6,~~331~~321.1684 0.00 1,~~319~~317,~~141~~174.1949 B-6 0.00 0.00 4,~~225~~218.0178 0.00 ~~880~~878,~~308~~996.8843 P 0.00 0.00 2018,~~458~~122.2559 0.00 100.00 Totals 0.00 0.00 21,~~060~~993,~~842~~255.7785 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 1-A-1 30,000,000.00 5.25000% ~~923~~889.~~01329167~~20273767 43.~~03818300~~89026200 0.00000000 0.00000000 1-A-2 69,197,000.00 5.25000% ~~930~~899.~~26570299~~64021880 43.~~06991242~~93592598 0.00000000 0.00000000 1-A-3 13,060,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 1-A-4 2,240,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 1-A-5 10,000,000.00 5.25000% ~~986~~976.~~15836900~~82939200 4.~~31444300~~27362900 0.00000000 0.00000000 1-A-6 10,500,000.00 5.25000% ~~1013~~1022.~~18250571~~06724571 4.~~43267333~~47154381 0.00000000 0.00000000 2-A-1 31,808,000.00 3.~~39000~~76000% ~~953~~918.~~13412884~~78232143 2.~~69260406~~87885123 0.00000000 0.00000000 2-A-2 0.00 43.~~11000~~74000% ~~953~~918.~~13412884~~78232143 32.~~26448441~~86353810 0.00000000 0.00000000 3-A-1 90,000,000.00 5.00000% ~~972~~934.~~80733844~~68802111 43.~~05336389~~89453344 0.00000000 0.00000000 3-A-2 60,231,000.00 5.25000% ~~972~~934.~~80733841~~68802112 4.~~25603211~~08926002 0.00000000 0.00000000 3-A-3 20,675,000.00 5.25000% 1000.00000000 4.37500024 0.00000000 0.00000000 3-A-4 1,325,000.00 5.25000% 1000.00000000 4.37500377 0.00000000 0.00000000 3-A-5 10,000,000.00 3.~~39000~~76000% ~~972~~934.~~80733800~~68802100 2.~~74818100~~92868900 0.00000000 0.00000000 3-A-6 0.00 43.~~11000~~74000% ~~972~~934.~~80733800~~68802100 32.~~33186500~~91311100 0.00000000 0.00000000 3-A-7 11,000,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 4-A-1 63,240,000.00 3.~~39000~~76000% ~~961~~915.~~14553542~~94514168 2.~~71523608~~86996142 0.00000000 0.00000000 4-A-2 0.00 43.~~11000~~74000% ~~961~~915.~~14553542~~94514168 32.~~29192347~~85469576 0.00000000 0.00000000 4-A-X 0.00 5.00000% ~~655~~654.~~48307462~~58707006 2.~~73117309~~72742750 0.00000000 0.00000000 A-P 224,329.96 0.00000% ~~908~~907.~~29749178~~04148478 0.00000000 0.00000000 0.00000000 A-R 100.00 5.25000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 8,822,000.00 5.~~75510~~75515% ~~997~~996.~~81955906~~34076967 4.~~78546021~~77841079 0.00000000 0.00000000 B-2 3,088,000.00 5.~~75510~~75515% ~~997~~996.~~81955959~~34077073 4.~~78545984~~77840997 0.00000000 0.00000000 B-3 1,765,000.00 5.~~75510~~75515% ~~997~~996.~~81955807~~34077054 4.~~78546176~~77841360 0.00000000 0.00000000 B-4 1,765,000.00 5.~~75510~~75515% ~~997~~996.~~81955807~~34077054 4.~~78546176~~77841360 0.00000000 0.00000000 B-5 1,323,000.00 5.~~75510~~75515% ~~997~~996.~~81956160~~34077098 4.~~78545729~~77841270 0.00000000 0.00000000 B-6 882,884.00 5.~~75510~~75515% ~~997~~996.~~81955500~~34076504 4.~~78546446~~77840804 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes per $ 1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 43.~~03818300~~89026200 0.00000000 ~~918~~862.~~10916433~~57704733 1-A-2 0.00000000 0.00000000 43.~~06991242~~93592598 0.00000000 ~~925~~875.~~82356099~~52275951 1-A-3 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 1-A-4 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 1-A-5 0.00000000 0.00000000 4.~~31444300~~27362900 0.00000000 ~~981~~972.~~50406200~~13427100 1-A-6 0.00000000 0.00000000 4.~~43267333~~47154381 0.00000000 ~~1017~~1026.~~61517905~~53878952 2-A-1 0.00000000 0.00000000 2.~~69260406~~87885123 0.00000000 ~~947~~900.~~46739248~~37518234 2-A-2 0.00000000 0.00000000 32.~~26448441~~86353810 0.00000000 ~~947~~900.~~46739248~~37518234 3-A-1 0.00000000 0.00000000 43.~~05336389~~89453344 0.00000000 ~~964~~910.~~87687522~~62928300 3-A-2 0.00000000 0.00000000 4.~~25603211~~08926002 0.00000000 ~~964~~910.~~87687520~~62928309 3-A-3 0.00000000 0.00000000 4.37500024 0.00000000 1000.00000000 3-A-4 0.00000000 0.00000000 4.37500377 0.00000000 1000.00000000 3-A-5 0.00000000 0.00000000 2.~~74818100~~92868900 0.00000000 ~~964~~910.~~87687500~~62928300 3-A-6 0.00000000 0.00000000 32.~~33186500~~91311100 0.00000000 ~~964~~910.~~87687500~~62928300 3-A-7 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 4-A-1 0.00000000 0.00000000 2.~~71523608~~86996142 0.00000000 ~~955~~889.~~05962318~~98141572 4-A-2 0.00000000 0.00000000 32.~~29192347~~85469576 0.00000000 ~~955~~889.~~05962318~~98141572 4-A-X 0.00000000 0.00000000 2.~~73117309~~72742750 0.00000000 ~~655~~618.~~03679616~~42357508 A-P 0.00000000 0.00000000 0.00000000 0.00000000 ~~907~~906.~~67835915~~40189121 A-R 0.00000000 0.00000000 ~~2038~~2035.~~20000000~~70000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~78546021~~77841079 0.00000000 ~~997~~995.~~08328724~~59674110 B-2 0.00000000 0.00000000 4.~~78545984~~77840997 0.00000000 ~~997~~995.~~08328692~~59674223 B-3 0.00000000 0.00000000 4.~~78546176~~77841360 0.00000000 ~~997~~995.~~08328612~~59674221 B-4 0.00000000 0.00000000 4.~~78546176~~77841360 0.00000000 ~~997~~995.~~08328612~~59674221 B-5 0.00000000 0.00000000 4.~~78545729~~77841270 0.00000000 ~~997~~995.~~08328798~~59674225 B-6 0.00000000 0.00000000 4.~~78546446~~77840804 0.00000000 ~~997~~995.~~08328614~~59673751 P 0.00000000 0.00000000 ~~204582~~181225.~~50000000~~90000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 410,~~452~~590,~~983~~502.7532 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 033,848.0054 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 018,122.0059 Total Deposits 410,~~452~~642,~~983~~473.7545 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 8885,~~676~~922.4956 Payment of Interest and Principal 410,~~364~~556,~~307~~550.2689 Total Withdrawals (Pool Distribution Amount) 410,~~452~~642,~~983~~473.7545 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8885,~~676~~922.4956 Master Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8885,~~676~~922.4956

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 214 0 0 0 214 ~~660~~6,~~469~~167,524.9126 0.00 0.00 0.00 ~~660~~6,~~469~~167,524.9126 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 214 0 0 0 214 ~~660~~6,~~469~~167,524.9126 0.00 0.00 0.00 ~~660~~6,~~469~~167,524.9126 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 01.~~202429~~479915% 0.000000% 0.000000% 0.000000% 01.~~202429~~479915% 01.~~155932~~526308% 0.000000% 0.000000% 0.000000% 01.~~155932~~526308% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~202429~~479915% 0.000000% 0.000000% 0.000000% 01.~~202429~~479915% 01.~~155932~~526308% 0.000000% 0.000000% 0.000000% 01.~~155932~~526308%

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 01 0 0 0 01 0369,020.0007 0.00 0.00 0.00 0369,020.0007 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 01 0 0 0 01 0369,020.0007 0.00 0.00 0.00 0369,020.0007 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~303951% 0.000000% 0.000000% 0.000000% 0.~~000000~~303951% 0.~~000000~~233573% 0.000000% 0.000000% 0.000000% 0.~~000000~~233573% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~303951% 0.000000% 0.000000% 0.000000% 0.~~000000~~303951% 0.~~000000~~233573% 0.000000% 0.000000% 0.000000% 0.~~000000~~233573% 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 213 0 0 0 213 ~~660~~5,~~469~~798,504.9119 0.00 0.00 0.00 ~~660~~5,~~469~~798,504.9119 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 213 0 0 0 213 ~~660~~5,~~469~~798,504.9119 0.00 0.00 0.00 ~~660~~5,~~469~~798,504.9119 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~309119~~106969% 0.000000% 0.000000% 0.000000% 02.~~309119~~106969% 02.~~255096~~356237% 0.000000% 0.000000% 0.000000% 02.~~255096~~356237% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~309119~~106969% 0.000000% 0.000000% 0.000000% 02.~~309119~~106969% 02.~~255096~~356237% 0.000000% 0.000000% 0.000000% 02.~~255096~~356237%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 033,848.0054

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02266821% 100,000.00 0.~~02362147~~02476075% Fraud 4,411,463.00 0.99999974% 4,411,463.00 1.~~04205231~~09231136% Special Hazard 4,411,463.00 0.99999974% 4,~~233~~038,~~437~~649.2174 1.00000000% Limit of Subordinate's Exposure to Certain Types of Losses

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.~~002326~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Oct-04 0.~~752326~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Nov-~~Through~~04 ~~Rate~~0.000% 5Dec-04 0.~~752326~~000% ~~Weighted~~Current ~~Average~~REO ~~Maturity(Stepdown~~Total ~~Calculation)~~Jan-05 ~~352~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~REO ~~Loan~~0 ~~Count~~Feb-05 ~~993~~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. 1 12 Month REO History* New REO Loans ~~Paid~~Month InREO ~~Full~~Percentage 5Loans ~~Ending~~in ~~Scheduled~~REO ~~Collateral~~0 ~~Loan~~Sep-04 ~~Count~~0.000% ~~988~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Oct-04 0.000% Current Principal Balance ~~425,647,185~~0.0200 ~~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 ~~423,343,720~~0.5400 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance at0.00 31Apr-05 0.000% May-~~2005~~05 ~~423,563,935~~0.89000% ~~Monthly~~Jun-05 ~~P&I~~0.000% ~~Constant~~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. 2~~,442,616~~ 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.69000% ~~Special~~Original ~~Servicing~~Principal ~~Fee~~Balance 0.00 ~~Prepayment~~Oct-04 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Nov-04 ~~Loss~~0.000% ~~Amount~~Dec-04 0.00000% ~~Cumulative~~Current ~~Realized~~REO ~~Loss~~Total Jan-05 0.00000% ~~Scheduled~~Loans in REO 0 Feb-05 0.000% Original Principal ~~313,555~~Balance 0.7600 ~~Unscheduled~~Mar-05 0.000% Current Principal ~~1,989,908~~Balance 0.7200 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 ~~Subordinate~~Detail ~~Percentage~~- ~~4.136620%~~All ~~Senior~~Mortgage ~~Percentage~~Loans ~~95.863380%~~in ~~Subordinate~~REO ~~Prepayment~~during ~~Percentage~~Current 0Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.~~000000%~~

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All 1Mortgage 2Loans ~~Total~~in ~~Collateral~~REO ~~Description~~during ~~Mixed~~Current ~~Fixed~~Period ~~Mixed~~(continued) ~~Fixed~~Current ~~Mixed~~Paid ~~Fixed~~Current ~~Weighted~~Approximate ~~Average Coupon Rate 5.928444 6.049186 6.002326 Weighted Average Net Rate 5.678444 5.799186 5.752326 Weighted Average Maturity 352 352 352 Beginning~~ Loan ~~Count~~Principal ~~342~~To ~~651~~Months ~~993 Loans Paid In Full 1 4 5 Ending~~ Loan ~~Count~~Delinquent ~~341~~Group ~~647~~Number ~~988 Beginning Scheduled~~ Balance ~~165,193,654.98 260,453,530.04 425,647,185.02 Ending Scheduled Balance 164,552,754.39 258,790,966.15 423,343,720.54 Record~~ Date ~~05/31/2005~~Delinquent ~~05/31/2005~~Rate ~~05/31/2005 Principal And~~ Interest ~~Constant~~No ~~960,705.35~~REO ~~1,481,911.34~~loans ~~2,442,616.69~~this ~~Scheduled Principal 144,587~~period.61 168,968.15 313,555.76 Unscheduled Principal 496,312.98 1,493,595.74 1,989,908.72 Scheduled Interest 816,117.74 1,312,943.19 2,129,060.93 Servicing Fees 34,415.34 54,261.15 88,676.49 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 781,702.40 1,258,682.04 2,040,384.44 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.678444 5.799186 5.752326

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Miscellaneous~~Summary ~~Reporting~~12 ~~Group~~Month 1Foreclosure ~~Allocation~~History* GpNew 1Foreclosure ~~Subordinate~~Loans Month Foreclosure Percentage 4Loans in Foreclosure 0 Sep-04 0.~~206162~~000% ~~Allocation~~Original GpPrincipal 2Balance ~~Subordinate~~0.00 ~~Percentage~~Oct-04 40.~~177570~~000% ~~Allocation~~Current GpPrincipal 1Balance ~~Senior~~0.00 ~~Prepayment~~Nov-04 ~~Pctg~~0.000% ~~100~~Dec-04 0.~~000000~~000% ~~Allocation~~Current GpForeclosure 2Total ~~Senior~~Jan-05 ~~Prepayment~~0.000% ~~Pctg~~Loans ~~100~~in Foreclosure 0 Feb-05 0.~~000000~~000% ~~Allocation~~Original GpPrincipal 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. 1 ~~Senior~~12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage 95Loans in Foreclosure 0 Sep-04 0.~~793838~~000% ~~Allocation~~Original GpPrincipal 2Balance ~~Senior~~0.00 ~~Percentage~~Oct-04 950.~~822430~~000% ~~Allocation~~Current GpPrincipal 1Balance ~~Sub~~0.00 ~~Prepayment~~Nov-04 ~~Pctg~~0.000% Dec-04 0.~~000000~~000% ~~Allocation~~Current GpForeclosure 2Total ~~Sub~~Jan-05 ~~Prepayment~~0.000% ~~Pctg~~Loans in Foreclosure 0 Feb-05 0.~~000000~~000% ~~Group~~Original 2Principal ~~Allocation~~Balance Gp0.00 3Mar-05 ~~Subordinate~~0.000% ~~Percentage~~Current 4Principal Balance 0.~~083247~~00 Apr-05 0.000% ~~Allocation~~May-05 Gp0.000% 4Jun-05 ~~Subordinate~~0.000% ~~Percentage~~Jul-05 40.~~148841~~000% ~~Allocation~~Aug-05 Gp0.000% 3*The ~~Senior~~text ~~Prepayment~~reported ~~Pctg~~in ~~100~~the above table is presented graphically on the monthly bond remittance report.~~000000~~ 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 Sep-04 0.000% ~~Allocation~~Original GpPrincipal 4Balance ~~Senior~~0.00 ~~Prepayment~~Oct-04 ~~Pctg~~0.000% ~~100~~Current Principal Balance 0.~~000000~~00 Nov-04 0.000% ~~Allocation~~Dec-04 Gp0.000% 3Current ~~Senior~~Foreclosure ~~Percentage~~Total 95Jan-05 0.~~916753~~000% ~~Allocation~~Loans Gpin 4Foreclosure ~~Senior~~0 ~~Percentage~~Feb-05 950.~~851159~~000% ~~Allocation~~Original GpPrincipal 3Balance ~~Sub~~0.00 ~~Prepayment~~Mar-05 ~~Pctg~~0.000% Current Principal Balance 0.~~000000~~00 Apr-05 0.000% ~~Allocation~~May-05 Gp0.000% 4Jun-05 ~~Sub~~0.000% ~~Prepayment~~Jul-05 ~~Pctg~~0.000% Aug-05 0.~~000000~~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 Mortgage Loan Trust 2005-1