8-K 1 ahm04001_10509.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): September 26, 2005 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112273-01 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 26, 2005 a distribution was made to holders of AMERICAN HOME MORTGAGE INVESTMENT TRUST, Mortgage-Backed Notes, Series 2004-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 Trust, relating to the September 26, 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. AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 9/27/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 Trust, relating to the September 26, 2005 distribution. EX-99.1

AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Record Date: 78/2931/2005 Distribution Date: 89/2526/2005 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes Series 2004-1 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 I-A 02660TAE3 SEN 3.~~81000~~99125% 7973,~~451~~979,~~133~~696.5479 ~~260~~262,~~665~~463.9352 I-M-1 02660TAF0 MEZ 4.~~06000~~24125% 54,~~327~~960,~~620~~731.1931 18,~~625~~701.9596 I-M-2 02660TAG8 MEZ 4.~~71000~~89125% 4,~~632~~313,~~475~~457.0969 18,~~788~~671.5556 I-M-3 02660TAH6 MEZ 5.~~46000~~64125% 2,~~779~~588,~~993~~548.6014 1211,~~174~~204.9099 2-A-1 02660TAJ2 SEN 2.61000% 5351,~~636~~005,~~661~~688.7537 ~~116~~110,~~659~~937.7437 2-M-1 02660TAK9 MEZ 3.25000% 4,~~610~~384,~~666~~505.9960 1211,~~487~~874.2270 2-M-2 02660TAL7 MEZ 3.45500% 1,~~997~~899,~~937~~935.9253 5,~~752~~470.4023 2-M-3 02660TAM5 MEZ 3.66000% ~~922~~876,~~186~~951.7283 2,~~812~~674.6770 3-A-1 02660TAN3 SEN 3.28000% ~~109~~106,~~782~~670,~~730~~015.1147 ~~300~~291,~~072~~564.8071 3-M-1 02660TAP8 MEZ 3.49500% 5,~~283~~133,~~633~~824.4745 1514,~~388~~952.5826 3-M-2 02660TAQ6 MEZ 3.70000% 1,~~761~~711,~~819~~866.7313 5,~~432~~278.2825 4-A-1 02660TAR4 SEN 3.28000% 5450,~~031~~747,~~869~~445.9992 ~~147~~138,~~687~~709.1169 4-M-1 02660TAS2 MEZ 3.49500% 2,~~709~~544,~~223~~538.46 7,~~890~~410.6197 4-M-2 02660TAT0 MEZ 3.70000% 1,~~956~~837,~~791~~844.8272 65,~~033~~666.4469 4-M-3 02660TAU7 MEZ 3.90500% 1,~~204~~131,~~360~~150.1798 3,~~919~~680.1995 OT AHM0401OT OT 0.00000% 0.00 ~~426~~388,~~300~~291.3384 Totals ~~330~~313,~~089~~786,~~104~~201.5539 1,~~360~~297,~~691~~554.7039

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A 57,~~471~~150,~~436~~281.7539 0.00 7366,~~979~~829,~~696~~415.7940 57,~~732~~412,~~102~~744.6891 0.00 I-M-1 ~~366~~479,~~888~~464.8732 0.00 4,~~960~~481,~~731~~267.3100 ~~385~~498,~~514~~166.8228 0.00 I-M-2 ~~319~~416,~~017~~904.4006 0.00 43,~~313~~896,~~457~~553.6962 ~~337~~435,~~805~~575.9562 0.00 I-M-3 ~~191~~250,~~445~~188.4621 0.00 2,~~588~~338,~~548~~359.1493 ~~203~~261,~~620~~393.3620 0.00 2-A-1 21,~~630~~373,~~973~~740.3892 0.00 5149,~~005~~631,~~688~~947.3745 21,~~747~~484,~~633~~678.1229 0.00 2-M-1 ~~226~~118,~~161~~088.3929 0.00 4,~~384~~266,~~505~~417.6031 ~~238~~129,~~648~~962.6199 0.00 2-M-2 9851,~~002~~171.4014 0.00 1,~~899~~848,~~935~~764.5339 ~~103~~56,~~754~~641.8037 0.00 2-M-3 4523,~~234~~619.8902 0.00 ~~876~~853,~~951~~332.8380 4826,~~047~~293.5672 0.00 3-A-1 3,~~112~~436,~~714~~640.6495 0.00 ~~106~~103,~~670~~233,~~015~~374.4752 3,~~412~~728,~~787~~205.4466 0.00 3-M-1 ~~149~~165,~~809~~398.0298 0.00 54,~~133~~968,~~824~~425.4547 ~~165~~180,~~197~~351.6024 0.00 3-M-2 4955,~~953~~152.6004 0.00 1,~~711~~656,~~866~~714.1309 5560,~~385~~430.8829 0.00 4-A-1 32,~~284~~774,~~424~~366.0847 0.00 5047,~~747~~973,~~445~~079.9245 32,~~432~~913,~~111~~076.1916 0.00 4-M-1 ~~164~~139,~~685~~110.0010 0.00 2,~~544~~405,~~538~~428.4636 ~~172~~146,~~575~~521.6107 0.00 4-M-2 ~~118~~100,~~947~~475.10 0.00 1,~~837~~737,~~844~~369.7262 ~~124~~106,~~980~~141.5479 0.00 4-M-3 7361,~~209~~840.1910 0.00 1,~~131~~069,~~150~~310.9887 7765,~~128~~521.3805 0.00 OT 0.00 0.00 0.00 ~~426~~388,~~300~~291.3384 0.00 Totals 16,~~302~~596,~~903~~441.1709 0.00 ~~313~~297,~~786~~189,~~201~~760.3928 17,~~663~~893,~~594~~995.8748 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) I-A 203,101,000.00 7973,~~451~~979,~~133~~696.5479 0.00 57,~~471~~150,~~436~~281.7539 0.00 0.00 I-M-1 13,619,000.00 54,~~327~~960,~~620~~731.1931 0.00 ~~366~~479,~~888~~464.8732 0.00 0.00 I-M-2 11,842,000.00 4,~~632~~313,~~475~~457.0969 0.00 ~~319~~416,~~017~~904.4006 0.00 0.00 I-M-3 7,106,500.00 2,~~779~~588,~~993~~548.6014 0.00 ~~191~~250,~~445~~188.4621 0.00 0.00 2-A-1 100,592,000.00 5351,~~636~~005,~~661~~688.7537 0.00 21,~~630~~373,~~973~~740.3892 0.00 0.00 2-M-1 8,647,000.00 4,~~610~~384,~~666~~505.9960 0.00 ~~226~~118,~~161~~088.3929 0.00 0.00 2-M-2 3,747,000.00 1,~~997~~899,~~937~~935.9253 0.00 9851,~~002~~171.4014 0.00 0.00 2-M-3 1,729,500.00 ~~922~~876,~~186~~951.7283 0.00 4523,~~234~~619.8902 0.00 0.00 3-A-1 150,328,000.00 ~~109~~106,~~782~~670,~~730~~015.1147 0.00 3,~~112~~436,~~714~~640.6495 0.00 0.00 3-M-1 7,235,000.00 5,~~283~~133,~~633~~824.4745 0.00 ~~149~~165,~~809~~398.0298 0.00 0.00 3-M-2 2,412,500.00 1,~~761~~711,~~819~~866.7313 0.00 4955,~~953~~152.6004 0.00 0.00 4-A-1 92,060,000.00 5450,~~031~~747,~~869~~445.9992 0.00 32,~~284~~774,~~424~~366.0847 0.00 0.00 4-M-1 4,616,000.00 2,~~709~~544,~~223~~538.46 0.00 ~~164~~139,~~685~~110.0010 0.00 0.00 4-M-2 3,334,000.00 1,~~956~~837,~~791~~844.8272 0.00 ~~118~~100,~~947~~475.10 0.00 0.00 4-M-3 2,052,000.00 1,~~204~~131,~~360~~150.1798 0.00 7361,~~209~~840.1910 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 612,421,500.00 ~~330~~313,~~089~~786,~~104~~201.5539 0.00 16,~~302~~596,~~903~~441.1709 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 I-A 57,~~471~~150,~~436~~281.7539 7366,~~979~~829,~~696~~415.7940 0.~~36425078~~32904523 57,~~471~~150,~~436~~281.7539 I-M-1 ~~366~~479,~~888~~464.8732 4,~~960~~481,~~731~~267.3100 0.~~36425078~~32904523 ~~366~~479,~~888~~464.8732 I-M-2 ~~319~~416,~~017~~904.4006 43,~~313~~896,~~457~~553.6962 0.~~36425078~~32904523 ~~319~~416,~~017~~904.4006 I-M-3 ~~191~~250,~~445~~188.4621 2,~~588~~338,~~548~~359.1493 0.~~36425078~~32904523 ~~191~~250,~~445~~188.4621 2-A-1 21,~~630~~373,~~973~~740.3892 5149,~~005~~631,~~688~~947.3745 0.~~50705512~~49339856 21,~~630~~373,~~973~~740.3892 2-M-1 ~~226~~118,~~161~~088.3929 4,~~384~~266,~~505~~417.6031 0.~~50705512~~49339856 ~~226~~118,~~161~~088.3929 2-M-2 9851,~~002~~171.4014 1,~~899~~848,~~935~~764.5339 0.~~50705512~~49339856 9851,~~002~~171.4014 2-M-3 4523,~~234~~619.8902 ~~876~~853,~~951~~332.8380 0.~~50705512~~49339855 4523,~~234~~619.8902 3-A-1 3,~~112~~436,~~714~~640.6495 ~~106~~103,~~670~~233,~~015~~374.4752 0.~~70958182~~68672087 3,~~112~~436,~~714~~640.6495 3-M-1 ~~149~~165,~~809~~398.0298 54,~~133~~968,~~824~~425.4547 0.~~70958182~~68672087 ~~149~~165,~~809~~398.0298 3-M-2 4955,~~953~~152.6004 1,~~711~~656,~~866~~714.1309 0.~~70958182~~68672087 4955,~~953~~152.6004 4-A-1 32,~~284~~774,~~424~~366.0847 5047,~~747~~973,~~445~~079.9245 0.~~55124317~~52110666 32,~~284~~774,~~424~~366.0847 4-M-1 ~~164~~139,~~685~~110.0010 2,~~544~~405,~~538~~428.4636 0.~~55124317~~52110666 ~~164~~139,~~685~~110.0010 4-M-2 ~~118~~100,~~947~~475.10 1,~~837~~737,~~844~~369.7262 0.~~55124317~~52110666 ~~118~~100,~~947~~475.10 4-M-3 7361,~~209~~840.1910 1,~~131~~069,~~150~~310.9887 0.~~55124317~~52110666 7361,~~209~~840.1910 OT 0.00 0.00 0.00000000 0.00 Totals 16,~~302~~596,~~903~~441.1709 ~~313~~297,~~786~~189,~~201~~760.3928 0.~~51236967~~48526997 16,~~302~~596,~~903~~441.1709

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 203,101,000.00 ~~391~~364.~~19026268~~25077567 0.00000000 2635.~~93948700~~20554498 0.00000000 I-M-1 13,619,000.00 ~~391~~364.~~19026287~~25077539 0.00000000 2635.~~93948675~~20554519 0.00000000 I-M-2 11,842,000.00 ~~391~~364.~~19026262~~25077605 0.00000000 2635.~~93948657~~20554467 0.00000000 I-M-3 7,106,500.00 ~~391~~364.~~19026244~~25077605 0.00000000 2635.~~93948639~~20554563 0.00000000 2-A-1 100,592,000.00 ~~533~~507.~~21001422~~05511740 0.00000000 2613.~~15489681~~65656235 0.00000000 2-M-1 8,647,000.00 ~~533~~507.~~21001388~~05511738 0.00000000 2613.~~15489650~~65656181 0.00000000 2-M-2 3,747,000.00 ~~533~~507.~~21001334~~05511876 0.00000000 2613.~~15489725~~65656258 0.00000000 2-M-3 1,729,500.00 ~~533~~507.~~21001446~~05511998 0.00000000 2613.~~15489448~~65655970 0.00000000 3-A-1 150,328,000.00 ~~730~~709.~~28797104~~58181756 0.00000000 2022.~~70615348~~86095039 0.00000000 3-M-1 7,235,000.00 ~~730~~709.~~28797097~~58181755 0.00000000 2022.~~70615342~~86095093 0.00000000 3-M-2 2,412,500.00 ~~730~~709.~~28797098~~58181554 0.00000000 2022.~~70615544~~86094922 0.00000000 4-A-1 92,060,000.00 ~~586~~551.~~92016066~~24316663 0.00000000 3530.~~67699413~~13650304 0.00000000 4-M-1 4,616,000.00 ~~586~~551.~~92016031~~24316724 0.00000000 3530.~~67699307~~13650347 0.00000000 4-M-2 3,334,000.00 ~~586~~551.~~92016197~~24316737 0.00000000 3530.~~67699460~~13650270 0.00000000 4-M-3 2,052,000.00 ~~586~~551.~~92016082~~24316764 0.00000000 3530.~~67699318~~13650097 0.00000000 OT 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 2635.~~93948700~~20554498 ~~364~~329.~~25077567~~04523070 0.~~36425078~~32904523 2635.~~93948700~~20554498 I-M-1 0.00000000 2635.~~93948675~~20554519 ~~364~~329.~~25077539~~04523093 0.~~36425078~~32904523 2635.~~93948675~~20554519 I-M-2 0.00000000 2635.~~93948657~~20554467 ~~364~~329.~~25077605~~04523054 0.~~36425078~~32904523 2635.~~93948657~~20554467 I-M-3 0.00000000 2635.~~93948639~~20554563 ~~364~~329.~~25077605~~04523042 0.~~36425078~~32904523 2635.~~93948639~~20554563 2-A-1 0.00000000 2613.~~15489681~~65656235 ~~507~~493.~~05511740~~39855505 0.~~50705512~~49339856 2613.~~15489681~~65656235 2-M-1 0.00000000 2613.~~15489650~~65656181 ~~507~~493.~~05511738~~39855557 0.~~50705512~~49339856 2613.~~15489650~~65656181 2-M-2 0.00000000 2613.~~15489725~~65656258 ~~507~~493.~~05511876~~39855618 0.~~50705512~~49339856 2613.~~15489725~~65656258 2-M-3 0.00000000 2613.~~15489448~~65655970 ~~507~~493.~~05511998~~39855450 0.~~50705512~~49339855 2613.~~15489448~~65655970 3-A-1 0.00000000 2022.~~70615348~~86095039 ~~709~~686.~~58181756~~72086717 0.~~70958182~~68672087 2022.~~70615348~~86095039 3-M-1 0.00000000 2022.~~70615342~~86095093 ~~709~~686.~~58181755~~72086662 0.~~70958182~~68672087 2022.~~70615342~~86095093 3-M-2 0.00000000 2022.~~70615544~~86094922 ~~709~~686.~~58181554~~72086632 0.~~70958182~~68672087 2022.~~70615544~~86094922 4-A-1 0.00000000 3530.~~67699413~~13650304 ~~551~~521.~~24316663~~10666359 0.~~55124317~~52110666 3530.~~67699413~~13650304 4-M-1 0.00000000 3530.~~67699307~~13650347 ~~551~~521.~~24316724~~10666378 0.~~55124317~~52110666 3530.~~67699307~~13650347 4-M-2 0.00000000 3530.~~67699460~~13650270 ~~551~~521.~~24316737~~10666467 0.~~55124317~~52110666 3530.~~67699460~~13650270 4-M-3 0.00000000 3530.~~67699318~~13650097 ~~551~~521.~~24316764~~10666179 0.~~55124317~~52110666 3530.~~67699318~~13650097 OT 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 I-A 203,101,000.00 3.~~81000~~99125% 7973,~~451~~979,~~133~~696.5479 ~~260~~262,~~665~~463.9352 0.00 0.00 I-M-1 13,619,000.00 4.~~06000~~24125% 54,~~327~~960,~~620~~731.1931 18,~~625~~701.9596 0.00 0.00 I-M-2 11,842,000.00 4.~~71000~~89125% 4,~~632~~313,~~475~~457.0969 18,~~788~~753.5596 0.00 0.00 I-M-3 7,106,500.00 5.~~46000~~64125% 2,~~779~~588,~~993~~548.6014 1312,~~070~~980.6013 0.00 0.00 2-A-1 100,592,000.00 2.61000% 5351,~~636~~005,~~661~~688.7537 ~~116~~110,~~659~~937.7437 0.00 0.00 2-M-1 8,647,000.00 3.25000% 4,~~610~~384,~~666~~505.9960 1211,~~487~~874.2270 0.00 0.00 2-M-2 3,747,000.00 3.45500% 1,~~997~~899,~~937~~935.9253 5,~~752~~470.4023 0.00 0.00 2-M-3 1,729,500.00 3.66000% ~~922~~876,~~186~~951.7283 2,~~812~~674.6770 0.00 0.00 3-A-1 150,328,000.00 3.28000% ~~109~~106,~~782~~670,~~730~~015.1147 ~~300~~291,~~072~~564.8071 0.00 0.00 3-M-1 7,235,000.00 3.49500% 5,~~283~~133,~~633~~824.4745 1514,~~388~~952.5826 0.00 0.00 3-M-2 2,412,500.00 3.70000% 1,~~761~~711,~~819~~866.7313 5,~~432~~278.2825 0.00 0.00 4-A-1 92,060,000.00 3.28000% 5450,~~031~~747,~~869~~445.9992 ~~147~~138,~~687~~709.1169 0.00 0.00 4-M-1 4,616,000.00 3.49500% 2,~~709~~544,~~223~~538.46 7,~~890~~410.6197 0.00 0.00 4-M-2 3,334,000.00 3.70000% 1,~~956~~837,~~791~~844.8272 65,~~033~~666.4469 0.00 0.00 4-M-3 2,052,000.00 3.90500% 1,~~204~~131,~~360~~150.1798 3,~~919~~680.1995 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 612,421,500.00 ~~935~~911,~~287~~120.0709 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 I-A 0.00 0.00 ~~260~~262,~~665~~463.9352 0.00 7366,~~979~~829,~~696~~415.7940 I-M-1 0.00 0.00 18,~~625~~701.9596 0.00 4,~~960~~481,~~731~~267.3100 I-M-2 0.00 0.00 18,~~788~~671.5556 0.00 43,~~313~~896,~~457~~553.6962 I-M-3 0.00 0.00 1211,~~174~~204.9099 0.00 2,~~588~~338,~~548~~359.1493 2-A-1 0.00 0.00 ~~116~~110,~~659~~937.7437 0.00 5149,~~005~~631,~~688~~947.3745 2-M-1 0.00 0.00 1211,~~487~~874.2270 0.00 4,~~384~~266,~~505~~417.6031 2-M-2 0.00 0.00 5,~~752~~470.4023 0.00 1,~~899~~848,~~935~~764.5339 2-M-3 0.00 0.00 2,~~812~~674.6770 0.00 ~~876~~853,~~951~~332.8380 3-A-1 0.00 0.00 ~~300~~291,~~072~~564.8071 0.00 ~~106~~103,~~670~~233,~~015~~374.4752 3-M-1 0.00 0.00 1514,~~388~~952.5826 0.00 54,~~133~~968,~~824~~425.4547 3-M-2 0.00 0.00 5,~~432~~278.2825 0.00 1,~~711~~656,~~866~~714.1309 4-A-1 0.00 0.00 ~~147~~138,~~687~~709.1169 0.00 5047,~~747~~973,~~445~~079.9245 4-M-1 0.00 0.00 7,~~890~~410.6197 0.00 2,~~544~~405,~~538~~428.4636 4-M-2 0.00 0.00 65,~~033~~666.4469 0.00 1,~~837~~737,~~844~~369.7262 4-M-3 0.00 0.00 3,~~919~~680.1995 0.00 1,~~131~~069,~~150~~310.9887 OT 0.00 0.00 ~~426~~388,~~300~~291.3384 0.00 0.00 Totals 0.00 0.00 1,~~360~~297,~~691~~554.7039 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 I-A 203,101,000.00 3.~~81000~~99125% ~~391~~364.~~19026268~~25077567 1.~~28343007~~29228079 0.00000000 0.00000000 I-M-1 13,619,000.00 4.~~06000~~24125% ~~391~~364.~~19026287~~25077539 1.~~36764447~~37322564 0.00000000 0.00000000 I-M-2 11,842,000.00 4.~~71000~~89125% ~~391~~364.~~19026262~~25077605 1.~~58660277~~58368181 0.00000000 0.00000000 I-M-3 7,106,500.00 5.~~46000~~64125% ~~391~~364.~~19026244~~25077605 1.~~83924576~~82651516 0.00000000 0.00000000 2-A-1 100,592,000.00 2.61000% ~~533~~507.~~21001422~~05511740 1.~~15973179~~10284486 0.00000000 0.00000000 2-M-1 8,647,000.00 3.25000% ~~533~~507.~~21001388~~05511738 1.~~44411010~~37327397 0.00000000 0.00000000 2-M-2 3,747,000.00 3.45500% ~~533~~507.~~21001334~~05511876 1.~~53520149~~45989592 0.00000000 0.00000000 2-M-3 1,729,500.00 3.66000% ~~533~~507.~~21001446~~05511998 1.~~62629084~~54651633 0.00000000 0.00000000 3-A-1 150,328,000.00 3.28000% ~~730~~709.~~28797104~~58181756 1.~~99612048~~93952364 0.00000000 0.00000000 3-M-1 7,235,000.00 3.49500% ~~730~~709.~~28797097~~58181755 2.~~12696337~~06665653 0.00000000 0.00000000 3-M-2 2,412,500.00 3.70000% ~~730~~709.~~28797098~~58181554 2.~~25172228~~18787565 0.00000000 0.00000000 4-A-1 92,060,000.00 3.28000% ~~586~~551.~~92016066~~24316663 1.~~60424842~~50673137 0.00000000 0.00000000 4-M-1 4,616,000.00 3.49500% ~~586~~551.~~92016031~~24316724 1.~~70940425~~60549610 0.00000000 0.00000000 4-M-2 3,334,000.00 3.70000% ~~586~~551.~~92016197~~24316737 1.~~80967007~~69966707 0.00000000 0.00000000 4-M-3 2,052,000.00 3.90500% ~~586~~551.~~92016082~~24316764 1.~~90993665~~79383528 0.00000000 0.00000000 OT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 1.~~28343007~~29228079 0.00000000 ~~364~~329.~~25077567~~04523070 I-M-1 0.00000000 0.00000000 1.~~36764447~~37322564 0.00000000 ~~364~~329.~~25077539~~04523093 I-M-2 0.00000000 0.00000000 1.~~58660277~~57672353 0.00000000 ~~364~~329.~~25077605~~04523054 I-M-3 0.00000000 0.00000000 1.~~71320622~~57672413 0.00000000 ~~364~~329.~~25077605~~04523042 2-A-1 0.00000000 0.00000000 1.~~15973179~~10284486 0.00000000 ~~507~~493.~~05511740~~39855505 2-M-1 0.00000000 0.00000000 1.~~44411010~~37327397 0.00000000 ~~507~~493.~~05511738~~39855557 2-M-2 0.00000000 0.00000000 1.~~53520149~~45989592 0.00000000 ~~507~~493.~~05511876~~39855618 2-M-3 0.00000000 0.00000000 1.~~62629084~~54651633 0.00000000 ~~507~~493.~~05511998~~39855450 3-A-1 0.00000000 0.00000000 1.~~99612048~~93952364 0.00000000 ~~709~~686.~~58181756~~72086717 3-M-1 0.00000000 0.00000000 2.~~12696337~~06665653 0.00000000 ~~709~~686.~~58181755~~72086662 3-M-2 0.00000000 0.00000000 2.~~25172228~~18787565 0.00000000 ~~709~~686.~~58181554~~72086632 4-A-1 0.00000000 0.00000000 1.~~60424842~~50673137 0.00000000 ~~551~~521.~~24316663~~10666359 4-M-1 0.00000000 0.00000000 1.~~70940425~~60549610 0.00000000 ~~551~~521.~~24316724~~10666378 4-M-2 0.00000000 0.00000000 1.~~80967007~~69966707 0.00000000 ~~551~~521.~~24316737~~10666467 4-M-3 0.00000000 0.00000000 1.~~90993665~~79383528 0.00000000 ~~551~~521.~~24316764~~10666179 OT 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 17,~~900~~993,~~086~~339.7345 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 40,~~445~~121.4138 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1718,~~940~~033,~~532~~460.1483 Withdrawals Reimbursement for Servicer Advances ~~172~~40,~~822~~445.6941 Payment of Service Fee ~~104~~99,~~114~~019.5892 Payment of Interest and Principal 17,~~663~~893,~~594~~995.8750 Total Withdrawals (Pool Distribution Amount) 1718,~~940~~033,~~532~~460.1483 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~104~~99,~~114~~019.5892 Indenture Trustee Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~104~~99,~~114~~019.5892

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 76 10 0 86 1,~~601~~135,~~667~~403.1723 ~~161,332~~0.3000 0.00 1,~~762~~135,~~999~~403.4723 30 Days 710 0 0 0 710 1,~~768~~518,~~844~~569.8760 0.00 0.00 0.00 1,~~768~~518,~~844~~569.8760 60 Days 20 1 0 2 0 32 ~~1,155,272~~0.8300 ~~191,285.40~~ 0.00 868,598.52 0.00 1868,~~346,558~~598.2352 90 Days 2 0 0 0 2 ~~350~~1,~~920~~255,785.0240 0.00 0.00 0.00 ~~350~~1,~~920~~255,785.0240 120 Days 01 0 01 0 02 0188,220.0002 0.00 0162,700.00 0.00 0350,920.0002 150 Days 10 32 0 0 42 ~~139,134~~0.5400 ~~438~~314,~~311~~439.6123 0.00 0.00 ~~577~~314,~~446~~439.1523 180+ Days 34 0 109 0 13 ~~296~~999,~~507~~406.6723 0.00 21,~~614~~945,~~042~~888.2863 0.00 2,~~910~~945,~~549~~294.9586 Totals 1517 118 1112 0 37 3,~~710~~961,~~679~~981.9325 21,~~231~~449,~~264~~842.1846 2,~~775~~977,~~374~~187.5815 0.00 8,~~717~~389,~~318~~010.6986 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.~~557769~~503356% 0.~~079681~~000000% 0.000000% 0.~~637450~~503356% 0.~~505295~~377804% 0.~~050897~~000000% 0.000000% 0.~~556193~~377804% 30 Days 0.~~557769~~838926% 0.000000% 0.000000% 0.000000% 0.~~557769~~838926% 0.~~558037~~505302% 0.000000% 0.000000% 0.000000% 0.~~558037~~505302% 60 Days 0.~~159363~~000000% 0.~~079681~~000000% 0.~~000000~~167785% 0.000000% 0.~~239044~~167785% 0.~~364467~~000000% 0.~~060347~~000000% 0.~~000000~~289025% 0.000000% 0.~~424813~~289025% 90 Days 0.~~159363~~167785% 0.000000% 0.000000% 0.000000% 0.~~159363~~167785% 0.~~110709~~417861% 0.000000% 0.000000% 0.000000% 0.~~110709~~417861% 120 Days 0.~~000000~~083893% 0.000000% 0.~~000000~~083893% 0.000000% 0.~~000000~~167785% 0.~~000000~~062630% 0.000000% 0.~~000000~~054138% 0.000000% 0.~~000000~~116768% 150 Days 0.~~079681~~000000% 0.~~239044~~167785% 0.000000% 0.000000% 0.~~318725~~167785% 0.~~043894~~000000% 0.~~138279~~104629% 0.000000% 0.000000% 0.~~182173~~104629% 180+ Days 0.~~239044~~335570% 0.000000% 0.~~796813~~755034% 0.000000% 1.~~035857~~090604% 0.~~093543~~332551% 0.000000% 0.~~824681~~647492% 0.000000% 0.~~918223~~980043% Totals 1.~~195219~~426174% 0.~~876494~~671141% 01.~~876494~~006711% 0.000000% 23.~~948207~~104027% 1.~~170649~~318343% 0.~~703921~~482433% 0.~~875578~~990655% 0.000000% 2.~~750148~~791431%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 2 1 0 30 ~~550~~1 273,~~069~~691.9869 ~~161,332~~0.3000 0.00 ~~711~~273,~~402~~691.2869 30 Days 12 0 0 0 12 ~~243~~336,~~238~~986.6487 0.00 0.00 0.00 ~~243~~336,~~238~~986.6487 60 Days 10 0 0 0 10 ~~1,064,500~~0.00 0.00 0.00 0.00 ~~1,064,500~~0.00 90 Days 1 0 0 0 1 ~~162~~1,~~700~~064,500.00 0.00 0.00 0.00 ~~162~~1,~~700~~064,500.00 120 Days 0 0 01 0 01 0.00 0.00 0162,700.00 0.00 0162,700.00 150 Days 0 20 0 0 20 0.00 ~~262,697~~0.7900 0.00 0.00 ~~262,697~~0.7900 180+ Days 14 0 86 0 910 ~~104~~999,~~204~~406.6523 0.00 21,~~316~~580,~~488~~270.6583 0.00 2,~~420~~579,~~693~~677.3006 Totals 47 41 97 0 1715 12,~~574~~400,~~643~~893.2910 ~~812~~273,~~767~~691.7769 21,~~477~~742,~~820~~970.9583 0.00 4,~~865~~417,~~232~~555.0162 0-29 Days 0.~~560224~~304878% 0.~~280112~~000000% 0.000000% 0.~~840336~~304878% 0.~~632668~~347315% 0.~~185558~~000000% 0.000000% 0.~~818225~~347315% 30 Days 0.~~280112~~609756% 0.000000% 0.000000% 0.000000% 0.~~280112~~609756% 0.~~279763~~427637% 0.000000% 0.000000% 0.000000% 0.~~279763~~427637% 60 Days 0.~~280112~~000000% 0.000000% 0.000000% 0.000000% 0.~~280112~~000000% 10.~~224344~~000000% 0.000000% 0.000000% 0.000000% 10.~~224344~~000000% 90 Days 0.~~280112~~304878% 0.000000% 0.000000% 0.000000% 0.~~280112~~304878% 01.~~187131~~350853% 0.000000% 0.000000% 0.000000% 01.~~187131~~350853% 120 Days 0.000000% 0.000000% 0.~~000000~~304878% 0.000000% 0.~~000000~~304878% 0.000000% 0.000000% 0.~~000000~~206467% 0.000000% 0.~~000000~~206467% 150 Days 0.000000% 0.~~560224~~000000% 0.000000% 0.000000% 0.~~560224~~000000% 0.000000% 0.~~302144~~000000% 0.000000% 0.000000% 0.~~302144~~000000% 180+ Days 01.~~280112~~219512% 0.000000% 21.~~240896~~829268% 0.000000% 23.~~521008~~048780% 01.~~119852~~268249% 0.000000% 2.~~664329~~005368% 0.000000% 23.~~784181~~273617% Totals 12.~~120448~~134146% 10.~~120448~~304878% 2.~~521008~~134146% 0.000000% 4.~~761905~~573171% 13.~~811089~~046740% 0.~~934812~~347315% 2.~~849887~~211835% 0.000000% 5.~~595788~~605890% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 2 0 0 2 ~~414~~413,~~446~~518.7073 0.00 0.00 ~~414~~413,~~446~~518.7073 30 Days 43 0 0 0 43 ~~676~~377,~~859~~629.9034 0.00 0.00 0.00 ~~676~~377,~~859~~629.9034 60 Days 0 0 01 0 01 0.00 0.00 0253,376.0092 0.00 0253,376.0092 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 10 12 0 0 2 ~~139,134~~0.5400 ~~175~~314,~~613~~439.8223 0.00 0.00 314,~~748~~439.3623 180+ Days 0 0 1 0 1 0.00 0.00 80,586.73 0.00 80,586.73 Totals 5 3 14 2 0 9 ~~815~~377,~~994~~629.4434 ~~590~~727,~~060~~957.5296 80333,~~586~~963.7365 0.00 1,~~486~~439,~~641~~550.6995 0-29 Days 0.~~760456~~784314% 0.000000% 0.000000% 0.~~760456~~784314% 0.~~704714~~722358% 0.000000% 0.000000% 0.~~704714~~722358% 30 Days 1.~~520913~~176471% 0.000000% 0.000000% 0.000000% 1.~~520913~~176471% 10.~~150914~~659665% 0.000000% 0.000000% 0.000000% 10.~~150914~~659665% 60 Days 0.000000% 0.000000% 0.~~000000~~392157% 0.000000% 0.~~000000~~392157% 0.000000% 0.000000% 0.~~000000~~442613% 0.000000% 0.~~000000~~442613% 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.~~380228~~000000% 0.~~380228~~784314% 0.000000% 0.000000% 0.~~760456~~784314% 0.~~236580~~000000% 0.~~298609~~549281% 0.000000% 0.000000% 0.~~535189~~549281% 180+ Days 0.000000% 0.000000% 0.~~380228~~392157% 0.000000% 0.~~380228~~392157% 0.000000% 0.000000% 0.~~137027~~140774% 0.000000% 0.~~137027~~140774% Totals 1.~~901141~~176471% 1.~~140684~~568627% 0.~~380228~~784314% 0.000000% 3.~~422053~~529412% 10.~~387494~~659665% 1.~~003322~~271639% 0.~~137027~~583387% 0.000000% 2.~~527844~~514691% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 21 0 0 21 ~~516~~214,~~109~~876.7639 0.00 0.00 ~~516~~214,~~109~~876.7639 30 Days 01 0 0 0 01 094,379.0024 0.00 0.00 0.00 094,379.0024 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 21 0 0 2 094,379.0024 ~~516~~214,~~109~~876.7639 0.00 0.00 ~~516~~309,~~109~~255.7663 0-29 Days 0.~~607903~~312500% 0.000000% 0.000000% 0.~~607903~~312500% 0.~~451220~~194068% 0.000000% 0.000000% 0.~~451220~~194068% 30 Days 0.~~000000~~312500% 0.000000% 0.000000% 0.000000% 0.~~000000~~312500% 0.~~000000~~085240% 0.000000% 0.000000% 0.000000% 0.~~000000~~085240% 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~~312500% 0.~~607903~~312500% 0.000000% 0.000000% 0.~~607903~~625000% 0.~~000000~~085240% 0.~~451220~~194068% 0.000000% 0.000000% 0.~~451220~~279307% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 12 0 0 12 ~~121~~233,~~040~~316.7342 0.00 0.00 ~~121~~233,~~040~~316.7342 30 Days 24 0 0 0 24 ~~848~~709,~~746~~574.3315 0.00 0.00 0.00 ~~848~~709,~~746~~574.3315 60 Days 10 0 1 0 1 0.00 ~~2 90,772~~0.8300 ~~191~~615,~~285~~221.4060 0.00 ~~0.00 282~~615,~~058~~221.2360 90 Days 1 0 0 0 1 ~~188~~191,~~220~~285.0240 0.00 0.00 0.00 ~~188~~191,~~220~~285.0240 120 Days 01 0 0 0 01 0188,220.0002 0.00 0.00 0.00 0188,220.0002 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 20 0 12 0 32 ~~192,303~~0.0200 0.00 ~~216~~285,~~966~~031.9007 0.00 ~~409~~285,~~269~~031.9207 Totals 6 2 13 0 911 1,~~320~~089,~~042~~079.2057 ~~312~~233,~~326~~316.1342 ~~216~~900,~~966~~252.9067 0.00 12,~~849~~222,~~335~~648.2366 0-29 Days 0.~~326797~~692042% 0.000000% 0.000000% 0.~~326797~~692042% 0.~~212949~~434019% 0.000000% 0.000000% 0.~~212949~~434019% 30 Days 01.~~653595~~384083% 0.000000% 0.000000% 0.000000% 01.~~653595~~384083% 1.~~493216~~319960% 0.000000% 0.000000% 0.000000% 1.~~493216~~319960% 60 Days 0.~~326797~~000000% 0.~~326797~~000000% 0.~~000000~~346021% 0.000000% 0.~~653595~~346021% 0.~~159698~~000000% 0.~~336532~~000000% 01.~~000000~~144444% 0.000000% 01.~~496231~~144444% 90 Days 0.~~326797~~346021% 0.000000% 0.000000% 0.000000% 0.~~326797~~346021% 0.~~331139~~355832% 0.000000% 0.000000% 0.000000% 0.~~331139~~355832% 120 Days 0.~~000000~~346021% 0.000000% 0.000000% 0.000000% 0.~~000000~~346021% 0.~~000000~~350130% 0.000000% 0.000000% 0.000000% 0.~~000000~~350130% 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.~~653595~~000000% 0.000000% 0.~~326797~~692042% 0.000000% 0.~~980392~~692042% 0.~~338323~~000000% 0.000000% 0.~~381714~~530219% 0.000000% 0.~~720037~~530219% Totals 12.~~960784~~076125% 0.~~653595~~692042% 01.~~326797~~038062% 0.000000% 23.~~941176~~806228% 2.~~322377~~025921% 0.~~549482~~434019% 01.~~381714~~674663% 0.000000% 34.~~253572~~134603%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 40,~~445~~121.4138

REO Detail - All Mortgage Loans in REO during Current Period

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

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 14 ~~Sep~~Oct-04 0.~~261~~411% Original Principal Balance ~~164~~1,~~000~~112,800.00 ~~Oct~~Nov-04 0.~~411~~530% Current Principal Balance ~~161~~1,~~332~~099,362.3069 ~~Nov~~Dec-04 0.~~530~~823% ~~Dec~~Jan-0405 0.~~823~~932% Current Foreclosure Total ~~Jan~~Feb-05 01.~~932~~085% Loans in Foreclosure 1112 ~~Feb~~Mar-05 1.~~085~~225% Original Principal Balance 2,~~787~~998,~~650~~700.00 ~~Mar~~Apr-05 1.~~225~~515% Current Principal Balance 2,~~775~~977,~~374~~187.5815 ~~Apr-05 1.515%~~ May-05 0.833% Jun-05 0.853% Jul-05 0.926% Aug-05 0.876% Sep-05 0.991% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 ~~Sep~~Oct-04 01.~~674~~047% Original Principal Balance ~~164~~162,~~000~~800.00 ~~Oct~~Nov-04 1.~~047~~241% Current Principal Balance ~~161~~162,~~332~~700.3000 ~~Nov~~Dec-04 1.~~241~~655% ~~Dec~~Jan-0405 1.~~655~~775% Current Foreclosure Total ~~Jan~~Feb-05 1.~~775~~817% Loans in Foreclosure 97 ~~Feb~~Mar-05 12.~~817~~471% Original Principal Balance 21,~~488~~749,~~850~~900.00 ~~Mar~~Apr-05 20.~~471~~406% Current Principal Balance 21,~~477~~742,~~820~~970.9583 ~~Apr-05 0.406%~~ May-05 2.343% Jun-05 2.585% Jul-05 2.987% Aug-05 2.850% Sep-05 2.212% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 01 ~~Sep~~Oct-04 0.~~081~~170% Original Principal Balance 0257,600.00 ~~Oct~~Nov-04 0.~~170~~177% Current Principal Balance 0253,376.0092 ~~Nov~~Dec-04 0.~~177~~762% ~~Dec~~Jan-0405 01.~~762~~141% Current Foreclosure Total ~~Jan~~Feb-05 1.~~141~~974% Loans in Foreclosure 12 ~~Feb~~Mar-05 1.~~974~~562% Original Principal Balance 81338,~~000~~600.00 ~~Mar~~Apr-05 1.~~562~~982% Current Principal Balance 80333,~~586~~963.7365 ~~Apr-05 1.982%~~ May-05 0.117% Jun-05 0.126% Jul-05 0.130% Aug-05 0.137% Sep-05 0.583% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Oct-04 0.000% Original Principal Balance 0.00 ~~Oct~~Nov-04 0.000% Current Principal Balance 0.00 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 0 ~~Feb~~Mar-05 0.000% Original Principal Balance 0.00 ~~Mar~~Apr-05 02.~~000~~213% Current Principal Balance 0.00 ~~Apr~~May-05 20.~~213~~000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% ~~Aug~~Sep-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. Group IV 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 02 ~~Sep~~Oct-04 0.000% Original Principal Balance 0692,400.00 ~~Oct~~Nov-04 0.~~000~~312% Current Principal Balance 0683,285.0077 ~~Nov~~Dec-04 0.~~312~~579% ~~Dec~~Jan-0405 0.~~579~~641% Current Foreclosure Total ~~Jan~~Feb-05 0.~~641~~675% Loans in Foreclosure 13 ~~Feb~~Mar-05 0.~~675~~703% Original Principal Balance ~~217~~910,~~800~~200.00 ~~Mar~~Apr-05 01.~~703~~802% Current Principal Balance ~~216~~900,~~966~~252.9067 ~~Apr-05 1.802%~~ May-05 0.486% Jun-05 0.335% Jul-05 0.359% Aug-05 0.382% Sep-05 1.675% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group I ~~0000464907~~0000475507 ~~Aug~~May-2005 01-Mar-2004 ORNC 80.00 ~~164~~90,~~000~~600.00 Group I ~~0000471792~~0000475829 ~~Mar-2005 01-Feb-2004 NC 95.00 251,750.00 Group I 0000475507~~ May-2005 01-Mar-2004 NCIL 80.00 90240,~~600~~000.00 Group I ~~0000475829~~0000486380 ~~May~~Jul-2005 01-~~Mar~~Apr-2004 ILMD 8095.00 ~~240~~133,000.00 Group I ~~0000486380~~0000495606 ~~Jul~~Sep-2005 01-Apr-2004 MDCA 9580.00 ~~133~~162,~~000~~800.00 Group I 0000500986 May-2005 01-Apr-2004 IL 97.00 291,000.00 Group I 0000504460 May-2005 01-Apr-2004 FL 95.00 332,500.00 Group I 0000508762 May-2005 01-May-2004 NY 87.04 500,000.00 Group III ~~0000522230~~0000437803 May-2005 01-~~May~~Jan-2004 NYOH 90.00 ~~486~~81,000.00 Group II ~~0000437803~~0000507771 ~~May~~Sep-2005 01-~~Jan~~May-2004 OHCO 9080.00 81257,~~000~~600.00 Group IV 0000497243 May-2005 01-May-2004 IL 90.00 217,800.00 Group IV 0000498686 Sep-2005 01-Apr-2004 IL 79.50 624,000.00 Group IV 0000499586 Sep-2005 01-May-2004 OH 95.00 68,400.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group I ~~0000464907~~0000475507 ~~161~~89,~~332~~760.3074 01-~~Jul~~Dec-~~2005~~2004 07 6.500% 14,~~647~~107.7630 Group I ~~0000471792~~0000475829 ~~251~~239,~~259~~772.3828 01-Mar-2004 1516 6.~~125~~250% 20,~~227~~878.7469 Group I ~~0000475507~~0000486380 89132,~~760~~662.7486 01-~~Dec~~Jun-2004 613 6.~~500~~875% 310,~~652~~712.7455 Group I ~~0000475829~~0000495606 ~~239~~162,~~772~~700.2800 01-Mar-~~2004~~2005 154 65.~~250~~375% 193,~~724~~931.6794 Group I ~~0000486380 132,662.86 01-Jun-2004 12 6.875% 10,002.91 Group I~~ 0000500986 288,585.46 01-Nov-2004 78 5.875% 1113,~~852~~162.6738 Group I 0000504460 330,536.05 01-Sep-2004 910 6.125% 1718,~~332~~898.8464 Group I 0000508762 498,953.44 01-Jun-2004 1213 5.750% 3133,~~069~~270.5333 Group III ~~0000522230~~0000437803 ~~484~~80,~~958~~586.4473 01-Jun-2004 1213 57.~~625~~875% 297,~~490~~515.9354 Group II ~~0000437803~~0000507771 80253,~~586~~376.7392 01-~~Jun~~May-~~2004~~2005 122 76.~~875~~125% 74,~~017~~848.2155 Group IV 0000497243 216,966.90 01-Aug-2004 1011 6.250% 1213,~~677~~726.4391 Group IV 0000498686 615,221.60 01-May-2005 2 6.125% 11,772.96 Group IV 0000499586 68,064.17 01-Sep-2004 10 6.125% 3,891.75

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~275922~~288991% Weighted Average Net Coupon 4.~~900922~~913991% Weighted Average Pass-Through Rate 4.~~900922~~913991% Weighted Average Maturity(Stepdown Calculation) ~~342~~341 Beginning Scheduled Collateral Loan Count 1,~~320~~255 Number Of Loans Paid In Full 6563 Ending Scheduled Collateral Loan Count 1,~~255~~192 Beginning Scheduled Collateral Balance ~~333~~316,~~166~~863,~~600~~697.7759 Ending Scheduled Collateral Balance ~~316~~300,~~863~~267,~~697~~256.5949 Ending Actual Collateral Balance at 2931-~~Jul~~Aug-2005 ~~316~~300,~~976~~527,~~357~~234.5251 Monthly P&I Constant 1,~~734~~656,~~797~~622.9878 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~316~~300,~~863~~267,~~697~~256.5949 Scheduled Principal ~~269~~260,~~997~~048.2246 Unscheduled Principal 16,~~032~~336,~~905~~392.9664

Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~563641~~664007 5.~~175775~~165680 4.~~745632~~737927 Weighted Average Net Rate 5.~~188641~~289007 4.~~800775~~790680 4.~~370631~~362927 Weighted Average Maturity ~~342~~341 ~~342~~ 341 340 Beginning Loan Count ~~380~~357 ~~275~~263 ~~338~~329 Loans Paid In Full 2329 128 9 Ending Loan Count ~~357~~328 ~~263~~255 ~~329~~320 Beginning Scheduled Balance 9387,~~375~~026,~~486~~697.2576 6158,743,~~913~~541.5145 ~~117~~114,~~632~~319,~~080~~603.9569 Ending Scheduled Balance 8778,~~026~~729,~~697~~859.7678 5857,~~743~~176,~~541~~922.4507 ~~114~~110,~~319~~662,~~603~~411.6972 Record Date 0708/2931/2005 0708/2931/2005 0708/2931/2005 Principal And Interest Constant ~~479~~452,~~097~~294.2360 ~~345~~330,~~563~~827.6716 ~~545~~530,~~351~~452.1054 Scheduled Principal 4641,~~174~~528.1905 7977,~~253~~951.1587 8079,~~152~~087.3460 Unscheduled Principal 68,~~302~~255,~~614~~309.3093 21,~~921~~488,~~118~~667.9151 3,~~232~~578,~~324~~104.9237 Scheduled Interest ~~432~~410,~~923~~766.0455 ~~266~~252,~~310~~875.5229 ~~465~~451,~~198~~364.7694 Servicing Fees 2927,~~179~~195.8486 1918,~~294~~357.98 36 35,~~760~~724.0387 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 ~~403~~383,~~743~~570.2069 ~~247~~234,~~015~~517.5493 ~~428~~415,~~438~~640.7307 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.~~188641~~289007 4.~~800775~~790680 4.~~370632~~362927 Group I Group II Group III Required Overcollateralization Amount 0.00 0.00 0.00 Overcollateralization Increase Amount 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Specified Overcollateralization Amount 1,184,263.83 576,460.12 803,897.64 Overcollateralization Amount 1,184,263.83 576,460.12 803,897.64 Overcollateralization Deficiency Amount 0.00 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 0.00 Excess Cash Amount 9270,~~597~~671.6812 ~~109~~103,~~303~~560.5192 ~~107~~103,~~545~~844.0784

Group Level Collateral Statement Group Group IV Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~966091~~951349 5.~~275922~~288991 Weighted Average Net Rate 5.~~591091~~576349 4.~~900922~~913991 Weighted Average Maturity ~~343~~ 342 341 Beginning Loan Count ~~327~~306 1,~~320~~255 Loans Paid In Full 2117 6563 Ending Loan Count ~~306~~289 1,~~255~~192 Beginning Scheduled Balance 6056,~~415~~773,~~120~~854.0669 ~~333~~316,~~166~~863,~~600~~697.7759 Ending scheduled Balance 5653,~~773~~698,~~854~~062.6992 ~~316~~300,~~863~~267,~~697~~256.5949 Record Date 0708/2931/2005 0708/2931/2005 Principal And Interest Constant ~~364~~343,~~785~~048.9848 1,~~734~~656,~~797~~622.9878 Scheduled Principal 6461,~~417~~480.5494 ~~269~~260,~~997~~048.2246 Unscheduled Principal 3,~~576~~014,~~847~~310.83 16,~~032~~336,~~905~~392.9664 Scheduled Interest ~~300~~281,~~368~~567.4454 1,~~464~~396,~~800~~574.7632 Servicing Fees 1817,~~879~~741.7383 ~~104~~99,~~114~~019.5892 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest ~~281~~263,~~488~~825.71 1,~~360~~297,~~686~~554.1840 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 5.~~591091~~576349 4.~~900922~~913991 Group IV Total Required Overcollateralization Amount 0.00 0.00 Overcollateralization Increase Amount 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 Specified Overcollateralization Amount 512,874.62 3,077,496.21 Overcollateralization Amount 512,874.62 3,077,496.21 Overcollateralization Deficiency Amount 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 Excess Cash Amount ~~115~~108,~~958~~357.3641 ~~425~~386,~~404~~434.6230

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 Group I 2329 68,~~430~~336,~~139~~700.00 68,~~287~~228,~~301~~732.8590 0 0.00 0.00 Group II 128 21,~~946~~498,~~049~~225.00 21,~~885~~466,~~085~~859.6008 0 0.00 0.00 Group III 9 3,~~239~~579,~~520~~228.00 3,~~206~~553,~~777~~877.2486 0 0.00 0.00 Group IV 2117 3,~~628~~069,~~200~~030.00 3,~~568~~012,~~998~~495.1588 0 0.00 0.00 Total 6563 16,~~243~~483,~~908~~183.00 1516,~~948~~261,~~162~~965.8472 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 Group I 0 0.00 0.00 0 0.00 0.00 1525,~~312~~728.4568 Group II 0 0.00 0.00 0 0.00 0.00 3621,~~033~~817.3116 Group III 0 0.00 0.00 0 0.00 0.00 2524,~~547~~227.6820 Group IV 0 0.00 0.00 0 0.00 0.00 81,~~157~~814.1595 Total 0 0.00 0.00 0 0.00 0.00 8573,~~050~~587.5999

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0000428530~~0000384428 CA 8066.0048 01-~~Feb~~Jan-2004 ~~780~~625,000.00 ~~771~~625,~~253~~000.6400 Group I ~~0000448216~~0000412960 AZMD 7583.5886 01-~~Jan~~Feb-2004 ~~264~~405,~~500~~000.00 ~~257~~404,~~530~~523.3098 Group I ~~0000453363~~0000452609 ILCA 6469.8700 01-~~Feb~~Mar-2004 ~~240~~138,000.00 ~~235~~137,~~600~~949.5501 Group I ~~0000461605~~0000459430 CAAZ 80.00 01-Feb-2004 ~~198~~152,000.00 ~~198~~151,~~000~~509.0011 Group I ~~0000465083~~0000465142 NCCA 7980.0800 01-Feb-2004 ~~297~~348,~~974~~000.00 ~~295~~348,~~806~~000.5700 Group I ~~0000469180~~0000469309 WAVA ~~73.~~80.00 01-Mar-2004 ~~186~~324,000.00 ~~184~~324,~~967~~000.4500 Group I ~~0000473749~~0000470595 NHIL 4280.7700 01-~~Apr~~Mar-2004 ~~100~~232,~~500~~000.00 98221,~~461~~900.5000 Group I ~~0000478239~~0000471696 CO 8075.00 01-~~Apr~~May-2004 ~~245~~457,~~600~~500.00 ~~241~~457,~~346~~500.5300 Group I ~~0000478617~~0000474983 AZMD 9575.00 01-~~Apr~~Mar-2004 ~~183~~240,~~250~~000.00 ~~180~~238,~~075~~674.1606 Group I ~~0000479469~~0000476344 AZMI 7895.5800 01-Mar-2004 ~~220~~266,000.00 ~~215~~261,~~948~~138.0994 Group I ~~0000484022~~0000476446 NVIL 6680.6600 01-~~Mar~~Apr-2004 ~~700~~276,000.00 ~~699~~271,~~970~~024.9936 Group I ~~0000494183~~0000478122 IL 8079.0013 01-~~Apr~~Mar-2004 ~~128~~182,000.00 ~~127~~178,~~650~~824.0087 Group I ~~0000495793~~0000478161 ILVA 9080.00 01-~~May~~Apr-2004 67494,~~500~~400.00 66490,~~429~~419.8126 Group I ~~0000496665~~0000480815 FLAZ 80.00 01-~~May~~Mar-2004 ~~205~~157,600.00 ~~205~~154,~~600~~370.0090 Group I ~~0000499485~~0000486564 ILCA 8095.00 01-~~May~~Mar-2004 ~~154~~308,~~400~~750.00 ~~151~~300,~~956~~775.1533 Group I ~~0000501846~~0000488517 CAFL 8079.0080 01-~~May~~Apr-2004 ~~428~~158,000.00 ~~426~~154,~~097~~880.6401 Group I ~~0000502146~~0000498164 VACO 9585.00 01-Apr-2004 ~~376~~196,~~295~~350.00 ~~369~~194,~~925~~704.9321 Group I ~~0000506074~~0000498471 FLIL 80.00 01-Apr-2004 ~~216~~228,000.00 ~~212~~224,~~972~~070.6907 Group I ~~0000509363~~0000498810 NYCA 9073.0052 01-May-2004 ~~477~~300,000.00 ~~469~~292,~~273~~444.9478 Group I ~~0000511983~~0000502782 FLCA 90.00 01-~~May~~Apr-2004 ~~391~~180,~~500~~000.00 ~~384~~179,~~553~~750.7100 Group I ~~0005152195~~0000503235 PAIL 7380.0500 01-~~Aug~~Apr-~~2003~~2004 ~~143~~488,000.00 73479,~~767~~598.4697 Group I ~~0005328225~~0000503323 TNMD 80.00 01-~~Jan~~Apr-2004 ~~189~~268,~~520~~000.00 ~~186~~262,~~082~~490.4166 Group I ~~0005347465~~0000505472 MDAZ 95.00 01-~~Mar~~Apr-2004 ~~237~~115,~~500~~900.00 ~~234~~113,~~031~~839.3395 Group III ~~0000395090~~0000508018 ILCA 7769.5038 01-~~Jan~~Apr-2004 ~~775~~170,000.00 ~~754~~165,~~940~~595.8042 Group III ~~0000463592~~0000511657 WANV 9190.1900 01-~~Mar~~May-2004 ~~138~~154,~~600~~800.00 ~~135~~151,~~863~~961.0119 Group III ~~0000469442~~0000511811 CAFL 8086.0081 01-~~Feb~~May-2004 ~~460~~286,~~000~~500.00 ~~452~~281,~~160~~267.0321 Group III ~~0000473723~~0000516648 AZVA 8090.00 01-~~Mar~~May-2004 ~~168~~508,~~000~~500.00 ~~163~~498,~~815~~855.5911 Group III ~~0000480110~~0005324772 NVTN 8079.0099 01-~~Apr~~Mar-2004 ~~126~~401,~~400~~000.00 ~~124~~393,~~357~~671.3069 Group III ~~0000485903~~0005338125 AZMA 8094.0099 01-~~Apr~~Feb-2004 ~~184~~275,~~290~~400.00 ~~180~~270,~~484~~842.2816 Group II ~~0000487948~~0000444239 MDGA 9589.0055 01-~~Apr~~Jan-2004 ~~242~~120,~~960~~000.00 ~~238~~116,~~941~~467.5229 Group II ~~0000490385~~0000465360 NVFL 8495.9800 01-Mar-2004 ~~108~~50,~~550~~350.00 ~~106~~49,~~593~~640.1253 Group II ~~0000498119~~0000471052 MOCA 8382.7733 01-~~Apr~~Mar-2004 ~~222~~247,000.00 ~~216~~241,~~974~~939.0726 Group II ~~0000507375~~0000481172 ILAZ 80.00 01-~~Apr~~Mar-2004 ~~160~~174,~~000~~400.00 ~~156~~170,~~754~~906.5690 Group II ~~0000508172~~0000490411 NCMN 9483.9475 01-Apr-2004 ~~185~~234,~~149~~500.00 ~~181~~230,~~663~~272.3436 Group II ~~0005321358~~0000500049 NYDC 8595.00 01-~~Feb~~Apr-2004 ~~175~~199,~~100~~975.00 ~~172~~196,~~537~~764.9885 Group ~~III~~II ~~0000413744~~0000501612 VAIL 7567.9330 01-~~Nov~~May-~~2003~~2004 ~~322~~142,~~700~~000.00 ~~321~~137,~~368~~086.4895 Group ~~III~~II ~~0000419628~~0000504475 MDNV 8455.3818 01-~~Dec~~Apr-~~2003~~2004 ~~347~~330,~~650~~000.00 ~~347~~323,~~650~~772.0021 Group III ~~0000422870~~0000449655 CANV 6690.1200 01-~~Dec~~Jan-~~2003~~2004 ~~322~~157,~~700~~500.00 ~~322~~157,~~700~~500.00 Group III ~~0000434512~~0000450158 GACA 9080.00 01-Jan-2004 73344,~~350~~000.00 73344,~~350~~000.00 Group III ~~0000447925~~0000463844 MDMA 6858.9734 01-~~Feb~~Mar-2004 1122,~~000,000~~500.00 ~~977~~122,~~588~~500.7600 Group III ~~0000454035~~0000472029 CAVA 80.00 01-~~Jan~~Apr-2004 ~~387~~604,~~200~~628.00 ~~386~~604,~~533~~498.0204 Group III ~~0000506729~~0000472517 VACA 80.00 01-~~May~~Mar-2004 ~~155~~480,~~920~~000.00 ~~155~~480,~~919~~000.0700 Group III ~~0000511933~~0000495582 WAMA 8077.0098 01-~~May~~Apr-2004 ~~420~~588,000.00 ~~411~~574,~~667~~422.9126 Group III ~~0000515572~~0000508557 ILCA 4639.4797 01-May-2004 ~~210~~205,000.00 ~~210~~205,000.00 Group IVIII ~~0000451054~~0000515697 AZMD 80.00 01-~~Feb~~May-2004 ~~100~~612,000.00 98612,~~590~~000.8500 Group IVIII ~~0000453507~~0005328922 NYMD 7880.6600 01-~~Feb~~Jan-2004 ~~129~~465,~~000~~600.00 ~~126~~453,~~312~~956.9187 Group IV ~~0000470876~~0000383756 CAIL 8067.0094 01-~~Feb~~Apr-2004 ~~232~~265,000.00 ~~228~~258,~~227~~831.3302 Group IV ~~0000471137~~0000446548 MDNC 9594.0098 01-Apr-2004 ~~190~~124,~~000~~900.00 ~~187~~123,~~333~~345.4030 Group IV ~~0000472389~~0000461581 AZMA 95.00 01-~~Mar~~Feb-2004 ~~207~~285,~~100~~000.00 ~~203~~280,~~327~~094.9317 Group IV ~~0000480586~~0000462137 MDFL 7790.7700 01-~~Apr~~Mar-2004 ~~140~~81,000.00 ~~138~~79,~~084~~708.9958 Group IV ~~0000485327~~0000464000 FL 8095.00 01-~~Apr~~Mar-2004 ~~185~~144,~~600~~400.00 ~~182~~141,~~803~~879.5443 Group IV ~~0000489711~~0000468511 AZSC 7995.5900 01-~~Apr~~Mar-2004 ~~195~~107,~~000~~730.00 ~~191~~105,~~693~~936.5239 Group IV ~~0000490865~~0000469221 CAMD 7490.0800 01-Apr-2004 ~~300~~238,~~000~~500.00 ~~294~~235,~~374~~098.2295 Group IV ~~0000491071~~0000473031 ILMD 7083.0068 01-~~Apr~~Mar-2004 ~~245~~205,000.00 ~~241~~200,~~131~~799.6075 Group IV ~~0000492803~~0000475209 ILOR 7456.8352 01-~~Apr~~Mar-2004 ~~232~~130,000.00 ~~227~~127,~~794~~396.3025 Group IV ~~0000493651~~0000481839 MD 95.00 01-~~Apr~~Mar-2004 ~~160~~185,~~550~~250.00 ~~158~~182,~~242~~060.5962 Group IV ~~0000493954~~0000488960 AZPA 8095.00 01-Apr-2004 ~~179~~208,~~200~~050.00 ~~175~~204,~~951~~211.4289 Group IV ~~0000496290~~0000489794 FLCA 4266.5666 01-Apr-2004 ~~100~~188,000.00 98184,~~307~~029.3922 Group IV ~~0000496761~~0000493152 AZ 9079.0088 01-Apr-2004 ~~152~~139,~~100.00 149,637.74 Group IV 0000499155 PA 89.44 01-May-2004 144,900.00 142,607.19 Group IV 0000502381 CA 29.04 01-May-2004 115,~~000.00 ~~113~~136,~~380~~435.0295 Group IV ~~0000503909~~0000499861 FL 9480.9800 01-Apr-2004 ~~152~~78,~~500~~400.00 ~~149~~77,~~855~~170.7923 Group IV ~~0000507094~~0000502982 IL 9072.00 01-~~May~~Apr-2004 ~~139~~90,~~500~~000.00 ~~137~~88,~~488~~486.1513 Group IV ~~0000507915~~0000508117 CAWA 7580.00 01-May-2004 ~~153~~248,~~750~~800.00 ~~151~~244,~~584~~080.2499 Group IV ~~0000513296~~0000512275 NVWA 7458.4713 01-~~May~~Apr-2004 ~~175~~350,000.00 ~~171~~342,~~961~~931.5601

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0000428530~~0000384428 Loan Paid in Full 0 5.~~625~~375% 360 1820 Group I ~~0000448216~~0000412960 Loan Paid in Full 0 65.~~125~~750% 360 19 Group I ~~0000453363~~0000452609 Loan Paid in Full 0 5.~~875~~625% 360 18 Group I ~~0000461605~~0000459430 Loan Paid in Full ~~(1)~~0 5.~~625~~250% 360 1819 Group I ~~0000465083~~0000465142 Loan Paid in Full 0 5.875% 360 1819 Group I ~~0000469180~~0000469309 Loan Paid in Full ~~(1)~~0 6.~~000~~125% 360 1718 Group I ~~0000473749~~0000470595 Loan Paid in Full ~~(1)~~0 45.~~875~~750% 360 1618 Group I ~~0000478239~~0000471696 Loan Paid in Full 60 56.~~750~~125% 360 16 Group I ~~0000478617~~0000474983 Loan Paid in Full 0 5.~~750~~500% 360 1618 Group I ~~0000479469~~0000476344 Loan Paid in Full 012 56.~~875~~125% 360 1718 Group I ~~0000484022~~0000476446 Loan Paid in Full 0 5.~~375~~875% 360 17 Group I ~~0000494183~~0000478122 Loan Paid in Full 0 56.375% 360 1618 Group I ~~0000495793~~0000478161 Loan Paid in Full ~~(1)~~0 5.~~875~~125% 360 1517 Group I ~~0000496665~~0000480815 Loan Paid in Full 0 5.500% 360 1518 Group I ~~0000499485~~0000486564 Loan Paid in Full 0 54.~~875~~625% 360 1518 Group I ~~0000501846~~0000488517 Loan Paid in Full ~~(1)~~0 45.~~875~~375% 360 1517 Group I ~~0000502146~~0000498164 Loan Paid in Full 0 5.~~875~~375% 360 1617 Group I ~~0000506074~~0000498471 Loan Paid in Full 0 56.~~750~~125% 360 1617 Group I ~~0000509363~~0000498810 Loan Paid in Full 90 54.~~750~~875% 360 1516 Group I ~~0000511983~~0000502782 Loan Paid in Full 10 5.~~250~~375% 360 1517 Group I ~~0005152195~~0000503235 Loan Paid in Full 0 6.~~250~~125% 360 2417 Group I ~~0005328225~~0000503323 Loan Paid in Full 0 65.~~250~~875% 360 1917 Group I ~~0005347465~~0000505472 Loan Paid in Full ~~(1)~~0 76.000% 360 17 Group III ~~0000395090~~0000508018 Loan Paid in Full 0(1) 45.~~500~~000% 360 1917 Group III ~~0000463592~~0000511657 Loan Paid in Full 0(1) 5.~~375~~750% 360 1716 Group III ~~0000469442~~0000511811 Loan Paid in Full 0 65.500% 360 1816 Group III ~~0000473723~~0000516648 Loan Paid in Full 0 5.~~000~~250% 360 1716 Group III ~~0000480110~~0005324772 Loan Paid in Full 0 6.125% 360 1618 Group III ~~0000485903~~0005338125 Loan Paid in Full (1) 47.~~875~~000% 360 1619 Group II ~~0000487948~~0000444239 Loan Paid in Full 0 64.~~000~~250% 360 1620 Group II ~~0000490385~~0000465360 Loan Paid in Full 0 57.~~875~~500% 360 1718 Group II ~~0000498119~~0000471052 Loan Paid in Full 0 45.~~250~~500% 360 1618 Group II ~~0000507375~~0000481172 Loan Paid in Full 0 45.~~875~~625% 360 1618 Group II ~~0000508172~~0000490411 Loan Paid in Full 0 5.~~375~~875% 360 1617 Group II ~~0005321358~~0000500049 Loan Paid in Full 10 76.500% 360 1817 Group ~~III~~II ~~0000413744~~0000501612 Loan Paid in Full 0 54.~~000~~750% 360 2116 Group ~~III~~II ~~0000419628~~0000504475 Loan Paid in Full 0 5.~~125~~625% ~~480~~360 2017 Group III ~~0000422870~~0000449655 Loan Paid in Full 0 5.~~625~~375% 360 20 Group III ~~0000434512~~0000450158 Loan Paid in Full 0(1) 4.~~500~~625% 360 1920 Group III ~~0000447925~~0000463844 Loan Paid in Full 0(1) 54.~~000~~875% 360 18 Group III ~~0000454035~~0000472029 Loan Paid in Full 0 54.~~125~~750% 360 1917 Group III ~~0000506729~~0000472517 Loan Paid in Full 0 54.~~000~~500% 360 1518 Group III ~~0000511933~~0000495582 Loan Paid in Full 0 4.~~625~~500% 360 1517 Group III ~~0000515572~~0000508557 Loan Paid in Full ~~(1)~~0 45.~~875~~250% 360 1516 Group IVIII ~~0000451054~~0000515697 Loan Paid in Full 0 75.~~500~~125% 360 1816 Group IVIII ~~0000453507~~0005328922 Loan Paid in Full 0 65.~~125~~000% 360 1820 Group IV ~~0000470876~~0000383756 Loan Paid in Full 0 6.~~750~~000% 360 1817 Group IV ~~0000471137~~0000446548 Loan Paid in Full 08 67.~~875~~500% 360 1617 Group IV ~~0000472389~~0000461581 Loan Paid in Full 0 6.~~125~~750% 360 1719 Group IV ~~0000480586~~0000462137 Loan Paid in Full 0 76.~~250~~875% 360 1618 Group IV ~~0000485327~~0000464000 Loan Paid in Full 0 6.~~500~~375% 360 1618 Group IV ~~0000489711~~0000468511 Loan Paid in Full 0 56.~~875~~625% 360 1618 Group IV ~~0000490865~~0000469221 Loan Paid in Full 0 57.~~625~~125% 360 1617 Group IV ~~0000491071~~0000473031 Loan Paid in Full 0 65.~~250~~500% 360 1618 Group IV ~~0000492803~~0000475209 Loan Paid in Full 0 5.~~500~~625% 360 1618 Group IV ~~0000493651~~0000481839 Loan Paid in Full 0 6.~~750~~500% 360 1618 Group IV ~~0000493954~~0000488960 Loan Paid in Full 0 5.~~500~~750% 360 1617 Group IV ~~0000496290~~0000489794 Loan Paid in Full 0 5.~~875~~000% 360 1617 Group IV ~~0000496761~~0000493152 Loan Paid in Full ~~(1)~~0 65.~~250~~750% 360 1617 Group IV ~~0000499155~~0000499861 Loan Paid in Full 0 6.~~250~~625% 360 1517 Group IV ~~0000502381~~0000502982 Loan Paid in Full 0 6.~~500~~250% 360 1517 Group IV ~~0000503909~~0000508117 Loan Paid in Full 0 5.~~750~~250% 360 16 Group IV ~~0000507094~~0000512275 Loan Paid in Full 0 ~~6.375% 360 15 Group IV 0000507915 Loan Paid in Full 0 6.500% 360 15 Group IV 0000513296 Loan Paid in Full (1)~~ 5.~~375~~250% 360 1517

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 45.~~816~~160% Current Month 4447.~~696~~045% Current Month 1,~~307~~298.~~843~~465% 3 Month Average 5.~~499~~259% 3 Month Average 4947.~~186~~644% 3 Month Average 1,~~538~~399.~~468~~257% 12 Month Average 5.~~791~~913% 12 Month Average 4142.~~485~~874% 12 Month Average 21,~~005~~865.~~784~~541% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 30.377% N/A Sep-2004 2,981.387% N/A~~ Oct-2004 29.848% N/A Oct-2004 2,438.506% N/A Nov-2004 40.495% N/A Nov-2004 2,773.403% N/A Dec-2004 39.033% N/A Dec-2004 2,280.814% N/A Jan-2005 45.408% N/A Jan-2005 2,271.100% N/A Feb-2005 38.544% N/A Feb-2005 1,751.352% N/A Mar-2005 38.366% 31.237% Mar-2005 1,681.307% 3,575.612% Apr-2005 47.377% 34.279% Apr-2005 1,820.745% 3,121.527% May-2005 40.818% 36.180% May-2005 1,455.394% 2,749.982% Jun-2005 51.673% 38.447% Jun-2005 1,716.098% 2,456.080% Jul-2005 51.190% 40.066% Jul-2005 1,591.463% 2,176.533% Aug-2005 44.696% 41.485% Aug-2005 1,307.843% 2,005.784% Sep-2005 47.045% 42.874% Sep-2005 1,298.465% 1,865.541% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I SMM CPR PSA Current Month 69.~~753~~490% Current Month 5669.~~787~~777% Current Month 1,~~667~~930.~~879~~743% 3 Month Average 9.~~147~~188% 3 Month Average 67.~~473~~637% 3 Month Average 21,~~124~~994.~~000~~629% 12 Month Average 9.~~058~~527% 12 Month Average 5558.~~467~~060% 12 Month Average 2,~~723~~541.~~244~~691% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 38.671% N/A Sep-2004 4,109.370% N/A~~ Oct-2004 35.255% N/A Oct-2004 3,088.346% N/A Nov-2004 51.609% N/A Nov-2004 3,718.855% N/A Dec-2004 50.045% N/A Dec-2004 3,021.197% N/A Jan-2005 56.565% N/A Jan-2005 2,863.960% N/A Feb-2005 54.096% N/A Feb-2005 2,487.291% N/A Mar-2005 48.796% 39.934% Mar-2005 2,224.972% 4,755.792% Apr-2005 63.612% 44.615% Apr-2005 2,469.189% 4,435.100% May-2005 64.542% 48.169% May-2005 2,323.740% 3,920.063% Jun-2005 69.285% 51.300% Jun-2005 2,318.856% 3,462.765% Jul-2005 76.346% 53.908% Jul-2005 2,385.266% 3,007.311% Aug-2005 56.787% 55.467% Aug-2005 1,667.879% 2,723.244% Sep-2005 69.777% 58.060% Sep-2005 1,930.743% 2,541.691% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II SMM CPR PSA Current Month 42.~~737~~538% Current Month 4426.~~142~~540% Current Month ~~1,286~~730.~~720~~315% 3 Month Average 53.~~083~~597% 3 Month Average 4535.~~726~~201% 3 Month Average 1,~~428~~032.~~479~~426% 12 Month Average 5.~~457~~024% 12 Month Average 39.~~637~~105% 12 Month Average 1,~~938~~734.~~329~~438% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 32.925% N/A Sep-2004 3,177.009% N/A~~ Oct-2004 32.705% N/A Oct-2004 2,624.072% N/A Nov-2004 35.704% N/A Nov-2004 2,420.500% N/A Dec-2004 37.758% N/A Dec-2004 2,190.447% N/A Jan-2005 46.909% N/A Jan-2005 2,326.283% N/A Feb-2005 46.361% N/A Feb-2005 2,085.225% N/A Mar-2005 36.477% 34.024% Mar-2005 1,569.959% 4,192.486% Apr-2005 40.839% 35.769% Apr-2005 1,560.195% 3,278.653% May-2005 28.790% 36.713% May-2005 1,020.825% 2,894.267% Jun-2005 58.117% 39.514% Jun-2005 1,918.476% 2,618.531% Jul-2005 34.919% 39.491% Jul-2005 1,080.242% 2,252.559% Aug-2005 44.142% 39.637% Aug-2005 1,286.720% 1,938.329% Sep-2005 26.540% 39.105% Sep-2005 730.315% 1,734.438% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group III SMM CPR PSA Current Month 23.~~750~~132% Current Month 2831.~~437~~741% Current Month ~~812~~856.~~071~~332% 3 Month Average 2.~~310~~630% 3 Month Average 2427.~~404~~265% 3 Month Average ~~737~~774.~~225~~158% 12 Month Average 23.~~816~~068% 12 Month Average 2325.~~480~~119% 12 Month Average 1,~~076~~062.~~717~~137% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 12.069% N/A Sep-2004 1,031.286% N/A~~ Oct-2004 18.125% N/A Oct-2004 1,320.190% N/A Nov-2004 32.849% N/A Nov-2004 2,042.312% N/A Dec-2004 30.729% N/A Dec-2004 1,658.009% N/A Jan-2005 24.893% N/A Jan-2005 1,186.680% N/A Feb-2005 11.734% N/A Feb-2005 511.136% N/A Mar-2005 26.226% 18.390% Mar-2005 1,084.475% 1,860.372% Apr-2005 34.259% 20.392% Apr-2005 1,267.204% 1,629.316% May-2005 17.659% 20.274% May-2005 607.635% 1,310.916% Jun-2005 23.157% 20.523% Jun-2005 745.534% 1,099.861% Jul-2005 21.618% 21.401% Jul-2005 654.072% 1,038.781% Aug-2005 28.437% 23.480% Aug-2005 812.071% 1,076.717% Sep-2005 31.741% 25.119% Sep-2005 856.332% 1,062.137% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group IV SMM CPR PSA Current Month 5.~~927~~315% Current Month 5148.~~961~~076% Current Month 1,~~596~~392.~~813~~372% 3 Month Average 5.~~844~~787% 3 Month Average 51.~~426~~057% 3 Month Average 1,~~687~~576.~~030~~693% 12 Month Average 5.~~601~~738% 12 Month Average 3940.~~214~~321% 12 Month Average 21,~~042~~843.~~186~~214% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 34.790% N/A Sep-2004 3,780.038% N/A~~ Oct-2004 32.566% N/A Oct-2004 2,882.643% N/A Nov-2004 30.808% N/A Nov-2004 2,283.428% N/A Dec-2004 27.625% N/A Dec-2004 1,753.806% N/A Jan-2005 48.112% N/A Jan-2005 2,582.014% N/A Feb-2005 33.264% N/A Feb-2005 1,612.220% N/A Mar-2005 37.992% 26.261% Mar-2005 1,753.513% 4,010.886% Apr-2005 37.868% 28.667% Apr-2005 1,543.182% 2,645.046% May-2005 33.267% 30.851% May-2005 1,254.299% 2,468.364% Jun-2005 49.182% 33.869% Jun-2005 1,723.384% 2,322.098% Jul-2005 53.134% 36.403% Jul-2005 1,740.894% 2,119.710% Aug-2005 51.961% 39.214% Aug-2005 1,596.813% 2,042.186% Sep-2005 48.076% 40.321% Sep-2005 1,392.372% 1,843.214% *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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I 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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II 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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group III 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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group IV 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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *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. ~~Sep-2004 0.000% N/A Sep-2004 0.000% N/A~~ Oct-2004 0.000% N/A Oct-2004 0.000% N/A Nov-2004 0.000% N/A Nov-2004 0.000% N/A Dec-2004 0.000% N/A Dec-2004 0.000% N/A Jan-2005 0.000% N/A Jan-2005 0.000% N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% 0.000% Mar-2005 0.000% 0.000% Apr-2005 0.000% 0.000% Apr-2005 0.000% 0.000% May-2005 0.000% 0.000% May-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jun-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Jul-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Aug-2005 0.000% 0.000% Sep-2005 0.000% 0.000% Sep-2005 0.000% 0.000% *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 · AMERICAN HOME MORT SECURITIES HOME MORTGAGE INVEST TR 2004-1