8-K 1 abs05he5_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 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-122372-04 Pooling and Servicing Agreement) (Commission 54-2176696 (State or other File Number) 54-2176697 jurisdiction 54-2176698 of Incorporation) 54-2176699 54-2176700 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 September 26, 2005 a distribution was made to holders of ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates , Series 2005-HE5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE5 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. ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 10/4/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE5 Trust, relating to the September 26, 2005 distribution. EX-99.1

Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 78/2931/2005 Distribution Date: 89/2526/2005 Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Series 2005-HE5 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 R 04541GSX1 SEN 0.00000% 0.00 0.00 A1 04541GSD5 SEN 3.~~62000~~80125% ~~407~~397,~~129~~268,~~365~~968.9109 1,~~269~~342,~~112~~327.7170 A1A 04541GSE3 SEN 3.~~73000~~91125% 4544,~~233~~137,~~348~~827.0900 ~~145~~153,~~287~~452.0051 A2 04541GSF0 SEN 3.~~71000~~89125% ~~298~~291,~~168~~703,~~661~~190.3952 ~~952~~1,~~566~~008,968.0592 A2A 04541GSG8 SEN 3.~~73000~~91125% 7472,~~539~~922,~~223~~919.8693 ~~239~~253,~~415~~528.8568 M1 04541GSH6 SEN 34.~~89000~~07125% 38,796,000.00 ~~129~~140,~~955~~398.8241 M2 04541GSJ2 SEN 34.~~90000~~08125% 35,024,000.00 ~~117~~127,~~622~~059.2729 M3 04541GSK9 SEN 34.~~94000~~12125% 21,015,000.00 7176,~~299~~984.2395 M4 04541GSL7 SEN 4.~~06000~~24125% 19,398,000.00 6773,~~817~~130.5646 M5 04541GSM5 SEN 4.~~11000~~29125% 16,704,000.00 5963,~~118~~716.2448 M6 04541GSN3 SEN 4.~~16000~~34125% 17,782,000.00 6368,~~699~~618.0876 M7 04541GSP8 SEN 4.~~61000~~79125% 14,549,000.00 5761,~~755~~962.4957 M8 04541GSQ6 SEN 4.~~76000~~94125% 13,471,000.00 5559,~~216~~167.1363 M9 04541GSR4 SEN 5.~~16000~~34125% 10,777,000.00 4751,~~885~~166.80 M10 04541GSS2 SEN 56.~~96000~~14125% 7,005,000.00 3538,~~951~~239.2252 M11 04541GST0 SEN 6.~~46000~~64125% 10,777,000.00 5963,~~950~~620.0622 M12 04541GSU7 SEN 6.~~46000~~64125% 11,851,000.00 6569,~~924~~960.4840 X 04541GSV5 SUB 0.00000% 16,165,000.80 21,~~255~~944,~~672~~411.6735 P 04541GSW3 SUB 0.00000% 100.00 ~~184~~396,~~648~~040.5783 Totals 1,~~058~~039,~~384~~347,~~700~~006.0534 5,~~878~~992,~~898~~755.2348

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 0.00 A1 914,~~860~~417,~~397~~963.8259 0.00 ~~397~~382,~~268~~851,~~968~~004.0949 1115,~~129~~760,~~510~~291.5329 0.00 A1A 1,~~095~~601,~~521~~880.0993 0.00 4442,~~137~~535,~~827~~946.0007 1,~~240~~755,~~808~~333.0944 0.00 A2 69,~~465~~623,~~470~~881.8701 0.00 ~~291~~282,~~703~~079,~~190~~309.5251 710,~~418~~632,~~036~~849.9293 0.00 A2A 12,~~616~~405,~~303~~875.9331 0.00 7270,~~922~~517,~~919~~044.9362 12,~~855~~659,~~719~~403.7899 0.00 M1 0.00 0.00 38,796,000.00 ~~129~~140,~~955~~398.8241 0.00 M2 0.00 0.00 35,024,000.00 ~~117~~127,~~622~~059.2729 0.00 M3 0.00 0.00 21,015,000.00 7176,~~299~~984.2395 0.00 M4 0.00 0.00 19,398,000.00 6773,~~817~~130.5646 0.00 M5 0.00 0.00 16,704,000.00 5963,~~118~~716.2448 0.00 M6 0.00 0.00 17,782,000.00 6368,~~699~~618.0876 0.00 M7 0.00 0.00 14,549,000.00 5761,~~755~~962.4957 0.00 M8 0.00 0.00 13,471,000.00 5559,~~216~~167.1363 0.00 M9 0.00 0.00 10,777,000.00 4751,~~885~~166.80 0.00 M10 0.00 0.00 7,005,000.00 3538,~~951~~239.2252 0.00 M11 0.00 0.00 10,777,000.00 5963,~~950~~620.0622 0.00 M12 0.00 0.00 11,851,000.00 6569,~~924~~960.4840 0.00 X 0.00 0.00 16,165,000.80 21,~~255~~944,~~672~~411.6735 0.00 P 0.00 0.00 100.00 ~~184~~396,~~648~~040.5783 0.00 Totals 1928,~~037~~049,~~693~~600.7184 0.00 1,~~039~~011,~~347~~297,~~006~~405.3449 2434,~~916~~042,~~591~~356.9432 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) R 0.00 0.00 0.00 0.00 0.00 0.00 A1 417,810,000.00 ~~407~~397,~~129~~268,~~365~~968.9109 0.00 914,~~860~~417,~~397~~963.8259 0.00 0.00 A1A 46,420,000.00 4544,~~233~~137,~~348~~827.0900 0.00 1,~~095~~601,~~521~~880.0993 0.00 0.00 A2 304,100,000.00 ~~298~~291,~~168~~703,~~661~~190.3952 0.00 69,~~465~~623,~~470~~881.8701 0.00 0.00 A2A 76,022,000.00 7472,~~539~~922,~~223~~919.8693 0.00 12,~~616~~405,~~303~~875.9331 0.00 0.00 M1 38,796,000.00 38,796,000.00 0.00 0.00 0.00 0.00 M2 35,024,000.00 35,024,000.00 0.00 0.00 0.00 0.00 M3 21,015,000.00 21,015,000.00 0.00 0.00 0.00 0.00 M4 19,398,000.00 19,398,000.00 0.00 0.00 0.00 0.00 M5 16,704,000.00 16,704,000.00 0.00 0.00 0.00 0.00 M6 17,782,000.00 17,782,000.00 0.00 0.00 0.00 0.00 M7 14,549,000.00 14,549,000.00 0.00 0.00 0.00 0.00 M8 13,471,000.00 13,471,000.00 0.00 0.00 0.00 0.00 M9 10,777,000.00 10,777,000.00 0.00 0.00 0.00 0.00 M10 7,005,000.00 7,005,000.00 0.00 0.00 0.00 0.00 M11 10,777,000.00 10,777,000.00 0.00 0.00 0.00 0.00 M12 11,851,000.00 11,851,000.00 0.00 0.00 0.00 0.00 X 16,165,619.69 16,165,000.80 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,077,666,719.69 1,~~058~~039,~~384~~347,~~700~~006.0534 0.00 1928,~~037~~049,~~693~~600.7184 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 R 0.00 0.00 0.00000000 0.00 A1 914,~~860~~417,~~397~~963.8259 ~~397~~382,~~268~~851,~~968~~004.0949 0.~~95083643~~91632801 914,~~860~~417,~~397~~963.8259 A1A 1,~~095~~601,~~521~~880.0993 4442,~~137~~535,~~827~~946.0007 0.~~95083643~~91632801 1,~~095~~601,~~521~~880.0993 A2 69,~~465~~623,~~470~~881.8701 ~~291~~282,~~703~~079,~~190~~309.5251 0.~~95923443~~92758734 69,~~465~~623,~~470~~881.8701 A2A 12,~~616~~405,~~303~~875.9331 7270,~~922~~517,~~919~~044.9362 0.~~95923443~~92758734 12,~~616~~405,~~303~~875.9331 M1 0.00 38,796,000.00 1.00000000 0.00 M2 0.00 35,024,000.00 1.00000000 0.00 M3 0.00 21,015,000.00 1.00000000 0.00 M4 0.00 19,398,000.00 1.00000000 0.00 M5 0.00 16,704,000.00 1.00000000 0.00 M6 0.00 17,782,000.00 1.00000000 0.00 M7 0.00 14,549,000.00 1.00000000 0.00 M8 0.00 13,471,000.00 1.00000000 0.00 M9 0.00 10,777,000.00 1.00000000 0.00 M10 0.00 7,005,000.00 1.00000000 0.00 M11 0.00 10,777,000.00 1.00000000 0.00 M12 0.00 11,851,000.00 1.00000000 0.00 X 0.00 16,165,000.80 0.99996172 0.00 P 0.00 100.00 1.00000000 0.00 Totals 1928,~~037~~049,~~693~~600.7184 1,~~039~~011,~~347~~297,~~006~~405.3449 0.~~96444196~~93841388 1928,~~037~~049,~~693~~600.7184

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 417,810,000.00 ~~974~~950.~~43662409~~83642826 0.00000000 2334.~~60019583~~50842151 0.00000000 A1A 46,420,000.00 ~~974~~950.~~43662408~~83642826 0.00000000 2334.~~60019582~~50842159 0.00000000 A2 304,100,000.00 ~~980~~959.~~49543371~~23443117 0.00000000 2131.~~26100253~~64709309 0.00000000 A2A 76,022,000.00 ~~980~~959.~~49543369~~23443122 0.00000000 2131.~~26100247~~64709308 0.00000000 M1 38,796,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 35,024,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 21,015,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 19,398,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 16,704,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 17,782,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 14,549,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 13,471,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 10,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 7,005,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M11 10,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M12 11,851,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 16,165,619.69 999.96171566 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 2334.~~60019583~~50842151 ~~950~~916.~~83642826~~32800673 0.~~95083643~~91632801 2334.~~60019583~~50842151 A1A 0.00000000 2334.~~60019582~~50842159 ~~950~~916.~~83642826~~32800668 0.~~95083643~~91632801 2334.~~60019582~~50842159 A2 0.00000000 2131.~~26100253~~64709309 ~~959~~927.~~23443117~~58733808 0.~~95923443~~92758734 2131.~~26100253~~64709309 A2A 0.00000000 2131.~~26100247~~64709308 ~~959~~927.~~23443122~~58733814 0.~~95923443~~92758734 2131.~~26100247~~64709308 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.96171566 0.99996172 0.00000000 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 A1 417,810,000.00 3.~~62000~~80125% ~~407~~397,~~129~~268,~~365~~968.9109 1,~~269~~342,~~112~~327.7170 0.00 0.00 A1A 46,420,000.00 3.~~73000~~91125% 4544,~~233~~137,~~348~~827.0900 ~~145~~153,~~287~~452.0051 0.00 0.00 A2 304,100,000.00 3.~~71000~~89125% ~~298~~291,~~168~~703,~~661~~190.3952 ~~952~~1,~~566~~008,968.0592 0.00 0.00 A2A 76,022,000.00 3.~~73000~~91125% 7472,~~539~~922,~~223~~919.8693 ~~239~~253,~~415~~528.8568 0.00 0.00 M1 38,796,000.00 34.~~89000~~07125% 38,796,000.00 ~~129~~140,~~955~~398.8241 0.00 0.00 M2 35,024,000.00 34.~~90000~~08125% 35,024,000.00 ~~117~~127,~~622~~059.2729 0.00 0.00 M3 21,015,000.00 34.~~94000~~12125% 21,015,000.00 7176,~~299~~984.2395 0.00 0.00 M4 19,398,000.00 4.~~06000~~24125% 19,398,000.00 6773,~~817~~130.5646 0.00 0.00 M5 16,704,000.00 4.~~11000~~29125% 16,704,000.00 5963,~~118~~716.2448 0.00 0.00 M6 17,782,000.00 4.~~16000~~34125% 17,782,000.00 6368,~~699~~618.0876 0.00 0.00 M7 14,549,000.00 4.~~61000~~79125% 14,549,000.00 5761,~~755~~962.4957 0.00 0.00 M8 13,471,000.00 4.~~76000~~94125% 13,471,000.00 5559,~~216~~167.1363 0.00 0.00 M9 10,777,000.00 5.~~16000~~34125% 10,777,000.00 4751,~~885~~166.80 0.00 0.00 M10 7,005,000.00 56.~~96000~~14125% 7,005,000.00 3538,~~951~~239.2252 0.00 0.00 M11 10,777,000.00 6.~~46000~~64125% 10,777,000.00 5963,~~950~~620.0622 0.00 0.00 M12 11,851,000.00 6.~~46000~~64125% 11,851,000.00 6569,~~924~~960.4840 0.00 0.00 X 16,165,619.69 0.00000% 1,~~058~~039,~~384~~347,~~700~~006.0433 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 1,077,666,719.69 3,~~438~~652,~~576~~303.9930 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 R 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 1,~~269~~342,~~112~~327.7170 0.00 ~~397~~382,~~268~~851,~~968~~004.0949 A1A 0.00 0.00 ~~145~~153,~~287~~452.0051 0.00 4442,~~137~~535,~~827~~946.0007 A2 0.00 0.00 ~~952~~1,~~566~~008,968.0592 0.00 ~~291~~282,~~703~~079,~~190~~309.5251 A2A 0.00 0.00 ~~239~~253,~~415~~528.8568 0.00 7270,~~922~~517,~~919~~044.9362 M1 0.00 0.00 ~~129~~140,~~955~~398.8241 0.00 38,796,000.00 M2 0.00 0.00 ~~117~~127,~~622~~059.2729 0.00 35,024,000.00 M3 0.00 0.00 7176,~~299~~984.2395 0.00 21,015,000.00 M4 0.00 0.00 6773,~~817~~130.5646 0.00 19,398,000.00 M5 0.00 0.00 5963,~~118~~716.2448 0.00 16,704,000.00 M6 0.00 0.00 6368,~~699~~618.0876 0.00 17,782,000.00 M7 0.00 0.00 5761,~~755~~962.4957 0.00 14,549,000.00 M8 0.00 0.00 5559,~~216~~167.1363 0.00 13,471,000.00 M9 0.00 0.00 4751,~~885~~166.80 0.00 10,777,000.00 M10 0.00 0.00 3538,~~951~~239.2252 0.00 7,005,000.00 M11 0.00 0.00 5963,~~950~~620.0622 0.00 10,777,000.00 M12 0.00 0.00 6569,~~924~~960.4840 0.00 11,851,000.00 X 0.00 0.00 21,~~255~~944,~~672~~411.6735 0.00 1,~~039~~011,~~347~~297,~~006~~405.3349 P 0.00 0.00 ~~184~~396,~~648~~040.5783 0.00 100.00 Totals 0.00 0.00 5,~~878~~992,~~898~~755.2348 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 417,810,000.00 3.~~62000~~80125% ~~974~~950.~~43662409~~83642826 3.~~03753551~~21277064 0.00000000 0.00000000 A1A 46,420,000.00 3.~~73000~~91125% ~~974~~950.~~43662408~~83642826 3.~~12983628~~30574128 0.00000000 0.00000000 A2 304,100,000.00 3.~~71000~~89125% ~~980~~959.~~49543371~~23443117 3.~~13241056~~31788530 0.00000000 0.00000000 A2A 76,022,000.00 3.~~73000~~91125% ~~980~~959.~~49543369~~23443122 3.~~14929691~~33493831 0.00000000 0.00000000 M1 38,796,000.00 34.~~89000~~07125% 1000.00000000 3.~~34972214~~61888880 0.00000000 0.00000000 M2 35,024,000.00 34.~~90000~~08125% 1000.00000000 3.~~35833343~~62777781 0.00000000 0.00000000 M3 21,015,000.00 34.~~94000~~12125% 1000.00000000 3.~~39277802~~66333333 0.00000000 0.00000000 M4 19,398,000.00 4.~~06000~~24125% 1000.00000000 3.~~49611094~~77000000 0.00000000 0.00000000 M5 16,704,000.00 4.~~11000~~29125% 1000.00000000 3.~~53916667~~81444444 0.00000000 0.00000000 M6 17,782,000.00 4.~~16000~~34125% 1000.00000000 3.~~58222247~~85888876 0.00000000 0.00000000 M7 14,549,000.00 4.~~61000~~79125% 1000.00000000 34.~~96972232~~25888858 0.00000000 0.00000000 M8 13,471,000.00 4.~~76000~~94125% 1000.00000000 4.~~09888872~~39222255 0.00000000 0.00000000 M9 10,777,000.00 5.~~16000~~34125% 1000.00000000 4.~~44333302~~74777767 0.00000000 0.00000000 M10 7,005,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222270~~45888936 0.00000000 0.00000000 M11 10,777,000.00 6.~~46000~~64125% 1000.00000000 5.~~56277814~~90333302 0.00000000 0.00000000 M12 11,851,000.00 6.~~46000~~64125% 1000.00000000 5.~~56277782~~90333305 0.00000000 0.00000000 X 16,165,619.69 0.00000% ~~65471~~64293.~~33486598~~66929700 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 3.~~03753551~~21277064 0.00000000 ~~950~~916.~~83642826~~32800673 A1A 0.00000000 0.00000000 3.~~12983628~~30574128 0.00000000 ~~950~~916.~~83642826~~32800668 A2 0.00000000 0.00000000 3.~~13241056~~31788530 0.00000000 ~~959~~927.~~23443117~~58733808 A2A 0.00000000 0.00000000 3.~~14929691~~33493831 0.00000000 ~~959~~927.~~23443122~~58733814 M1 0.00000000 0.00000000 3.~~34972214~~61888880 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.~~35833343~~62777781 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~39277802~~66333333 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~49611094~~77000000 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~53916667~~81444444 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~58222247~~85888876 0.00000000 1000.00000000 M7 0.00000000 0.00000000 34.~~96972232~~25888858 0.00000000 1000.00000000 M8 0.00000000 0.00000000 4.~~09888872~~39222255 0.00000000 1000.00000000 M9 0.00000000 0.00000000 4.~~44333302~~74777767 0.00000000 1000.00000000 M10 0.00000000 0.00000000 5.~~13222270~~45888936 0.00000000 1000.00000000 M11 0.00000000 0.00000000 5.~~56277814~~90333302 0.00000000 1000.00000000 M12 0.00000000 0.00000000 5.~~56277782~~90333305 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~139~~120.~~53518104~~28065656 0.00000000 ~~64293~~62558.~~66929700~~53007080 P 0.00000000 0.00000000 ~~1846485~~3960408.~~70000000~~30000000 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 2534,~~115~~050,~~600~~526.2995 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~151~~207,~~867~~317.6118 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~184~~396,~~648~~040.5783 Total Deposits 2534,~~452~~653,~~116~~884.4796 Withdrawals Reimbursement for Servicer Advances 67151,~~622~~867.2061 Payment of Service Fee ~~467~~459,~~902~~661.3303 Payment of Interest and Principal 2434,~~916~~042,~~591~~356.9432 Total Withdrawals (Pool Distribution Amount) 2534,~~452~~653,~~116~~884.4796 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~440~~433,~~993~~061.6225 Loan Performance Advisor Fee 1312,~~229~~991.8184 Strip Amount 13,~~678~~607.9094 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~467~~459,~~902~~661.3303

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 Reserve Fund 1,000.00 ~~362~~0.8400 ~~362~~0.8400 1,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7086 0 0 0 7086 14,~~888~~879,~~431~~096.0501 0.00 0.00 0.00 14,~~888~~879,~~431~~096.0501 60 Days 3239 0 0 0 3239 69,~~315~~489,~~813~~106.8971 0.00 0.00 0.00 69,~~315~~489,~~813~~106.8971 90 Days 324 0 0 0 324 ~~961~~5,~~889~~232,821.3401 0.00 0.00 0.00 ~~961~~5,~~889~~232,821.3401 120 Days 74 0 0 0 74 ~~871~~982,~~532~~057.6898 0.00 0.00 0.00 ~~871~~982,~~532~~057.6898 150 Days 06 0 0 0 06 0850,179.0052 0.00 0.00 0.00 0850,179.0052 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~112~~159 0 0 0 ~~112~~159 2331,~~037~~433,~~666~~261.9623 0.00 0.00 0.00 2331,~~037~~433,~~666~~261.9623 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 1.~~264679~~589649% 0.000000% 0.000000% 0.000000% 1.~~264679~~589649% 1.~~432479~~471288% 0.000000% 0.000000% 0.000000% 1.~~432479~~471288% 60 Days 0.~~578139~~720887% 0.000000% 0.000000% 0.000000% 0.~~578139~~720887% 0.~~607671~~938310% 0.000000% 0.000000% 0.000000% 0.~~607671~~938310% 90 Days 0.~~054201~~443623% 0.000000% 0.000000% 0.000000% 0.~~054201~~443623% 0.~~092547~~517436% 0.000000% 0.000000% 0.000000% 0.~~092547~~517436% 120 Days 0.~~126468~~073937% 0.000000% 0.000000% 0.000000% 0.~~126468~~073937% 0.~~083854~~097109% 0.000000% 0.000000% 0.000000% 0.~~083854~~097109% 150 Days 0.~~000000~~110906% 0.000000% 0.000000% 0.000000% 0.~~000000~~110906% 0.~~000000~~084068% 0.000000% 0.000000% 0.000000% 0.~~000000~~084068% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.~~023487~~939002% 0.000000% 0.000000% 0.000000% 2.~~023487~~939002% 23.~~216552~~108211% 0.000000% 0.000000% 0.000000% 23.~~216552~~108211%

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 2630 0 0 0 2630 2,~~357~~294,~~203~~105.8933 0.00 0.00 0.00 2,~~357~~294,~~203~~105.8933 60 Days 1015 0 0 0 1015 ~~796~~1,~~940~~564,927.1126 0.00 0.00 0.00 ~~796~~1,~~940~~564,927.1126 90 Days 06 0 0 0 06 0478,636.0073 0.00 0.00 0.00 0478,636.0073 120 Days 31 0 0 0 31 ~~166~~20,~~147~~944.1362 0.00 0.00 0.00 ~~166~~20,~~147~~944.1362 150 Days 02 0 0 0 02 0145,100.0002 0.00 0.00 0.00 0145,100.0002 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3954 0 0 0 3954 34,~~320~~503,~~291~~713.1396 0.00 0.00 0.00 34,~~320~~503,~~291~~713.1396 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~502022~~765745% 0.000000% 0.000000% 0.000000% 1.~~502022~~765745% 1.~~829625~~823824% 0.000000% 0.000000% 0.000000% 1.~~829625~~823824% 60 Days 0.~~577701~~882872% 0.000000% 0.000000% 0.000000% 0.~~577701~~882872% 01.~~618572~~244124% 0.000000% 0.000000% 0.000000% 01.~~618572~~244124% 90 Days 0.~~000000~~353149% 0.000000% 0.000000% 0.000000% 0.~~000000~~353149% 0.~~000000~~380518% 0.000000% 0.000000% 0.000000% 0.~~000000~~380518% 120 Days 0.~~173310~~058858% 0.000000% 0.000000% 0.000000% 0.~~173310~~058858% 0.~~128961~~016651% 0.000000% 0.000000% 0.000000% 0.~~128961~~016651% 150 Days 0.~~000000~~117716% 0.000000% 0.000000% 0.000000% 0.~~000000~~117716% 0.~~000000~~115355% 0.000000% 0.000000% 0.000000% 0.~~000000~~115355% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~253033~~178340% 0.000000% 0.000000% 0.000000% 23.~~253033~~178340% 23.~~577158~~580473% 0.000000% 0.000000% 0.000000% 23.~~577158~~580473% 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 1927 0 0 0 1927 7,~~321~~044,~~775~~522.4729 0.00 0.00 0.00 7,~~321~~044,~~775~~522.4729 60 Days 1512 0 0 0 1512 35,~~982~~099,~~375~~922.2753 0.00 0.00 0.00 35,~~982~~099,~~375~~922.2753 90 Days 112 0 0 0 112 ~~413~~3,~~401~~417,822.9308 0.00 0.00 0.00 ~~413~~3,~~401~~417,822.9308 120 Days 21 0 0 0 21 ~~439~~413,~~468~~096.5852 0.00 0.00 0.00 ~~439~~413,~~468~~096.5852 150 Days 02 0 0 0 02 0439,450.0031 0.00 0.00 0.00 0439,450.0031 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3754 0 0 0 3754 1216,~~157~~414,~~021~~813.2573 0.00 0.00 0.00 1216,~~157~~414,~~021~~813.2573 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~330532~~943844% 0.000000% 0.000000% 0.000000% 1.~~330532~~943844% 1.~~660842~~646388% 0.000000% 0.000000% 0.000000% 1.~~660842~~646388% 60 Days 10.~~050420~~863931% 0.000000% 0.000000% 0.000000% 10.~~050420~~863931% 01.~~903346~~191912% 0.000000% 0.000000% 0.000000% 01.~~903346~~191912% 90 Days 0.~~070028~~863931% 0.000000% 0.000000% 0.000000% 0.~~070028~~863931% 0.~~093774~~798786% 0.000000% 0.000000% 0.000000% 0.~~093774~~798786% 120 Days 0.~~140056~~071994% 0.000000% 0.000000% 0.000000% 0.~~140056~~071994% 0.~~099687~~096546% 0.000000% 0.000000% 0.000000% 0.~~099687~~096546% 150 Days 0.~~000000~~143988% 0.000000% 0.000000% 0.000000% 0.~~000000~~143988% 0.~~000000~~102705% 0.000000% 0.000000% 0.000000% 0.~~000000~~102705% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~591036~~887689% 0.000000% 0.000000% 0.000000% 23.~~591036~~887689% 23.~~757650~~836337% 0.000000% 0.000000% 0.000000% 23.~~757650~~836337% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 ~~169~~161,~~949~~624.2675 0.00 0.00 0.00 ~~169~~161,~~949~~624.2675 60 Days 1 0 0 0 1 1862,~~972~~530.4659 0.00 0.00 0.00 1862,~~972~~530.4659 90 Days 01 0 0 0 01 018,965.0042 0.00 0.00 0.00 018,965.0042 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 45 0 0 0 45 ~~188~~243,~~921~~120.7276 0.00 0.00 0.00 ~~188~~243,~~921~~120.7276 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~704225~~715990% 0.000000% 0.000000% 0.000000% 0.~~704225~~715990% 0.~~284031~~275605% 0.000000% 0.000000% 0.000000% 0.~~284031~~275605% 60 Days 0.~~234742~~238663% 0.000000% 0.000000% 0.000000% 0.~~234742~~238663% 0.~~031708~~106628% 0.000000% 0.000000% 0.000000% 0.~~031708~~106628% 90 Days 0.~~000000~~238663% 0.000000% 0.000000% 0.000000% 0.~~000000~~238663% 0.~~000000~~032340% 0.000000% 0.000000% 0.000000% 0.~~000000~~032340% 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.~~938967~~193317% 0.000000% 0.000000% 0.000000% 01.~~938967~~193317% 0.~~315739~~414573% 0.000000% 0.000000% 0.000000% 0.~~315739~~414573% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2226 0 0 0 2226 5,~~039~~378,~~502~~843.4364 0.00 0.00 0.00 5,~~039~~378,~~502~~843.4364 60 Days 611 0 0 0 611 12,~~517~~761,~~526~~726.0533 0.00 0.00 0.00 12,~~517~~761,~~526~~726.0533 90 Days 25 0 0 0 25 ~~548~~1,~~487~~317,396.4178 0.00 0.00 0.00 ~~548~~1,~~487~~317,396.4178 120 Days 2 0 0 0 2 ~~265~~548,~~916~~016.9784 0.00 0.00 0.00 ~~265~~548,~~916~~016.9784 150 Days 02 0 0 0 02 0265,629.0019 0.00 0.00 0.00 0265,629.0019 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3246 0 0 0 3246 710,~~371~~271,~~432~~612.8678 0.00 0.00 0.00 710,~~371~~271,~~432~~612.8678 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~128205~~366264% 0.000000% 0.000000% 0.000000% 1.~~128205~~366264% 1.~~229658~~348111% 0.000000% 0.000000% 0.000000% 1.~~229658~~348111% 60 Days 0.~~307692~~578035% 0.000000% 0.000000% 0.000000% 0.~~307692~~578035% 0.~~370282~~692178% 0.000000% 0.000000% 0.000000% 0.~~370282~~692178% 90 Days 0.~~102564~~262743% 0.000000% 0.000000% 0.000000% 0.~~102564~~262743% 0.~~133833~~330182% 0.000000% 0.000000% 0.000000% 0.~~133833~~330182% 120 Days 0.~~102564~~105097% 0.000000% 0.000000% 0.000000% 0.~~102564~~105097% 0.~~064885~~137351% 0.000000% 0.000000% 0.000000% 0.~~064885~~137351% 150 Days 0.~~000000~~105097% 0.000000% 0.000000% 0.000000% 0.~~000000~~105097% 0.~~000000~~066575% 0.000000% 0.000000% 0.000000% 0.~~000000~~066575% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~641026~~417236% 0.000000% 0.000000% 0.000000% 12.~~641026~~417236% 12.~~798658~~574397% 0.000000% 0.000000% 0.000000% 12.~~798658~~574397%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~151~~207,~~867~~317.6118

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. 1 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. 2 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. 3 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. 4 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 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 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. 1 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 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. 2 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 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. 3 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 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. 4 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 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.

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.~~033588~~025134% Weighted Average Net Coupon 6.~~533588~~525134% Weighted Average Pass-Through Rate 6.~~533588~~525134% Weighted Average Maturity(Stepdown Calculation) ~~337~~336 Beginning Scheduled Collateral Loan Count 5,~~615~~535 Number Of Loans Paid In Full 80125 Ending Scheduled Collateral Loan Count 5,~~535~~410 Beginning Scheduled Collateral Balance 1,~~058~~039,~~384~~347,~~700~~006.0433 Ending Scheduled Collateral Balance 1,~~039~~011,~~347~~297,~~006~~405.3349 Ending Actual Collateral Balance at 2931-~~Jul~~Aug-2005 1,~~039~~011,~~347~~297,~~006~~405.3349 Monthly P&I Constant 6,~~811~~680,~~891~~967.1601 Special Servicing Fee 0.00 Prepayment Penalties ~~184~~396,~~648~~040.5783 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~608~~596,~~356~~340.4122 Unscheduled Principal 1827,~~429~~453,~~337~~260.3062 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 16,165,000.80 Overcollateralized Amount 16,165,000.80 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 21,~~242~~960,~~805~~683.6916

Miscellaneous Reporting Stepdown NO Trigger Event NO A1 PTR (excl CAP) for Next Distribution 3.~~80125~~99000% A1A PTR (excl CAP) for Next Distribution 34.~~91125~~10000% A2 PTR (excl CAP) for Next Distribution 34.~~89125~~08000% A2A PTR (excl CAP) for Next Distribution 34.~~91125~~10000% M1 PTR (excl CAP) for Next Distribution 4.~~07125~~26000% M10 PTR (excl CAP) for Next Distribution 6.~~14125~~33000% M11 PTR (excl CAP) for Next Distribution 6.~~64125~~83000% M12 PTR (excl CAP) for Next Distribution 6.~~64125~~83000% M2 PTR (excl CAP) for Next Distribution 4.~~08125~~27000% M3 PTR (excl CAP) for Next Distribution 4.~~12125~~31000% M4 PTR (excl CAP) for Next Distribution 4.~~24125~~43000% M5 PTR (excl CAP) for Next Distribution 4.~~29125~~48000% M6 PTR (excl CAP) for Next Distribution 4.~~34125~~53000% M7 PTR (excl CAP) for Next Distribution 4.~~79125~~98000% M8 PTR (excl CAP) for Next Distribution 45.~~94125~~13000% M9 PTR (excl CAP) for Next Distribution 5.~~34125~~53000% ~~Payment under CAP Agreement 13,678.90~~ Net Swap Payment to Trust 0.00 Net Swap Payment to Counterparty 28,~~046~~250.6924

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM and Balloon Mixed ARM and Balloon Mixed ARM and Balloon Weighted Average Coupon Rate 9.~~148413~~140069 6.~~680919~~667444 7.~~140712~~131607 Weighted Average Net Rate 8.~~648413~~640069 6.~~180919~~167444 6.~~640712~~631607 Weighted Average Maturity ~~219~~218 ~~356~~355 ~~324~~323 Beginning Loan Count 1,~~755~~731 1,~~451~~428 ~~430~~426 Loans Paid In Full 2432 2339 47 Ending Loan Count 1,~~731~~699 1,~~428~~389 ~~426~~419 Beginning Scheduled Balance ~~131~~128,~~015~~835,~~659~~382.2475 ~~449~~440,~~622~~847,~~860~~218.5311 6059,~~333~~834,~~176~~694.9182 Ending Scheduled Balance ~~128~~125,~~835~~785,~~382~~445.7579 ~~440~~427,~~847~~877,~~218~~310.1155 5958,~~834~~643,~~694~~634.8278 Record Date 0708/2931/2005 0708/2931/2005 0708/2931/2005 Principal And Interest Constant 1,~~081~~063,~~673~~747.0816 2,~~703~~644,~~023~~501.0889 ~~422~~418,~~053~~041.5820 Scheduled Principal 82,~~851~~443.9554 ~~199~~195,~~778~~065.0118 6362,~~035~~443.4024 Unscheduled Principal 2,~~097~~967,~~424~~493.5442 812,~~575~~774,~~864~~842.4138 ~~435~~1,~~446~~128,616.6980 Scheduled Interest ~~998~~981,~~821~~303.1362 2,~~503~~449,~~245~~436.0771 ~~359~~355,~~018~~597.1896 Servicing Fees 5453,~~589~~681.8641 ~~187~~183,~~342~~686.8634 2524,~~138~~931.8212 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 ~~944~~927,~~231~~622.2721 2,~~315~~265,~~902~~750.2137 ~~333~~330,~~879~~666.3684 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 8.~~648413~~640069 6.~~180919~~167444 6.~~640712~~631607

Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM and Balloon Fixed Mixed & ARM & Balloon Weighted Average Coupon Rate 6.~~734195~~729493 7.~~033588~~025134 Weighted Average Net Rate 6.~~234195~~229493 6.~~533588~~525134 Weighted Average Maturity ~~356~~355 ~~337~~336 Beginning Loan Count 1,~~979~~950 5,~~615~~535 Loans Paid In Full 2947 80125 Ending Loan Count 1,~~950~~903 5,~~535~~410 Beginning Scheduled Balance ~~417~~409,~~413~~829,~~003~~710.3665 1,~~058~~039,~~384~~347,~~700~~006.0433 Ending scheduled Balance ~~409~~398,~~829~~991,~~710~~014.6537 1,~~039~~011,~~347~~297,~~006~~405.3349 Record Date 0708/2931/2005 0708/2931/2005 Principal And Interest Constant 2,~~605~~554,~~141~~676.4276 6,~~811~~680,~~891~~967.1601 Scheduled Principal ~~262~~256,~~691~~388.0526 ~~608~~596,~~356~~340.4122 Unscheduled Principal 710,~~320~~582,~~601~~308.6602 1827,~~429~~453,~~337~~260.3062 Scheduled Interest 2,~~342~~298,~~450~~288.3750 6,~~203~~084,~~534~~626.7579 Servicing Fees ~~173~~170,~~922~~762.0838 ~~440~~433,~~993~~061.6225 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 2,~~168~~127,~~528~~526.2912 5,~~762~~651,~~541~~565.1354 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~234195~~229493 6.~~533588~~525134

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance 1 2432 2,~~078~~963,~~445~~109.00 2,~~065~~956,~~887~~120.0342 0 0.00 0.00 2 2339 812,~~555~~842,~~185~~380.00 812,~~542~~724,~~478~~857.82 0 0.00 0.00 3 47 ~~423~~1,~~700~~126,450.00 ~~422~~1,~~852~~120,662.7558 0 0.00 0.00 4 2947 710,~~302~~602,~~884~~162.00 710,~~284~~571,~~411~~677.9005 0 0.00 0.00 Total 80125 1827,~~360~~534,~~214~~101.00 1827,~~315~~373,~~630~~317.5087 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 3212,~~063~~364.2769 2 0 0.00 0.00 0 0.00 0.00 3552,~~581~~717.2823 3 0 0.00 0.00 0 0.00 0.00 128,~~869~~492.5773 4 0 0.00 0.00 0 0.00 0.00 4013,~~464~~438.5643 Total 0 0.00 0.00 0 0.00 0.00 ~~120~~87,~~978~~013.6808

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 ~~0011149287~~0011105756 ILCA 20.00 01-~~May~~Feb-2005 7283,~~200~~069.00 7282,~~009~~690.1648 1 ~~0011150456~~0011125482 IDMD 20.00 01-~~May~~Mar-2005 1357,~~600~~940.00 1357,~~582~~705.3644 1 ~~0011150525~~0011132345 NVCA 20.00 01-~~Apr~~Mar-2005 4999,~~586~~800.00 4999,~~505~~543.2147 1 ~~0011151148~~0011137768 CA 20.00 01-Apr-2005 89141,~~980~~800.00 89141,~~812~~481.1411 1 ~~0011152045~~0011144906 AZCA 20.00 01-May-2005 4084,~~224~~000.00 4083,~~148~~839.0004 1 ~~0011152367~~0011146265 CA 1720.4000 01-~~May~~Apr-2005 ~~155~~54,~~500~~080.00 ~~155~~53,~~138~~956.3545 1 ~~0011152514~~0011148930 CANV 20.00 01-May-2005 7628,000.00 7527,~~915~~934.6908 1 ~~0011155845~~0011149846 CA 1020.00 01-May-2005 6920,~~420~~000.00 6919,~~343~~970.0228 1 ~~0011158309~~0011154809 NJWI 20.00 01-Apr-2005 27,180.00 27,102.66 1 0011156490 MD 15.00 01-May-2005 9126,~~800~~550.00 8226,~~535~~496.4333 1 ~~0011160362~~0011156707 CATN 20.00 01-May-2005 8934,~~500~~000.00 8933,~~400~~924.72 1 ~~0011161859~~0011157963 CAWA 20.00 01-May-2005 ~~107~~64,~~580~~000.00 ~~107~~63,~~368~~796.0694 1 ~~0011162550~~0011158014 CAAZ 20.00 01-~~Apr~~May-2005 ~~108~~54,340.00 54,283.36 1 0011158685 CA 66.70 01-May-2005 160,000.00 ~~107~~159,~~798~~352.5361 1 ~~0011163102~~0011159106 VACA 2015.00 01-May-2005 4480,000.00 4379,~~965~~874.8855 1 ~~0011163557~~0011159715 RICA 20.00 01-May-2005 5997,~~200~~175.00 5996,~~132~~759.5312 1 ~~0011163990~~0011160947 CAAZ 8020.00 01-May-2005 ~~228~~52,~~000~~600.00 ~~227~~52,~~360~~531.0380 1 ~~0011165052~~0011163564 FL 20.00 01-May-2005 8351,~~000~~495.00 8251,~~918~~406.3843 1 ~~0011165897~~0011164486 MDVA 8520.00 01-May-2005 ~~175~~29,~~950~~200.00 ~~175~~29,~~503~~162.7310 1 ~~0011166818~~0011165246 CAAZ 1520.00 01-May-2005 9430,500.00 9430,~~311~~442.8539 1 ~~0011168939~~0011165492 MDAZ 90.00 01-May-2005 73,800.00 73,556.55 1 0011165514 TN 80.00 01-May-2005 400,000.00 398,341.38 1 0011165516 TN 20.00 01-May-2005 66100,~~930~~000.00 6699,~~840~~722.2621 1 ~~0011171574~~0011165657 CA 20.00 01-May-2005 59136,000.00 58135,~~912~~683.3259 1 ~~0011174028~~0011167196 CA 20.00 01-May-2005 96,380.00 96,119.10 1 0011167371 CA 19.70 01-May-2005 200,000.00 199,677.88 1 0011170707 CA 11.70 01-May-2005 7997,000.00 7896,~~825~~805.0927 1 ~~0011176321~~0011171845 AR 60.80 01-May-2005 76,000.00 75,684.86 1 0011174096 CA 20.00 01-May-2005 ~~153~~93,~~275~~800.00 ~~153~~93,~~041~~648.0790 1 ~~0011180737~~0011174858 IDCA 26.40 01-May-2005 195,000.00 194,710.29 1 0011178199 CA 20.00 01-May-2005 46144,000.00 45143,~~917~~675.4244 1 ~~0011181624~~0011178803 UTCA 20.00 01-May-2005 2675,400.00 75,249.90 2 0011112534 AZ 90.00 01-May-2005 120,240.00 119,799.32 2 0011124035 VA 90.00 01-May-2005 76,500.00 76,270.89 2 0011132344 CA 80.00 01-Mar-2005 399,200.00 26396,~~076~~897.0456 2 ~~0011095375~~0011133944 NYFL 95.00 01-Apr-2005 194,750.00 194,750.00 2 0011134619 FL 90.00 01-Apr-2005 206,091.00 205,581.74 2 0011139748 MD 80.00 01-Apr-2005 164,400.00 164,399.76 2 0011142719 OR 80.00 01-May-2005 128,000.00 79127,~~836~~634.5041 2 ~~0011138465~~0011148732 CA 8084.0060 01-May-2005 ~~268~~330,000.00 ~~267~~330,~~994~~000.6800 2 ~~0011140926~~0011151156 CA 7594.80 01-Apr-2005 512,000.00 512,000.00 2 0011151866 VA 60.00 01-Apr-2005 ~~536~~85,~~250~~200.00 ~~535~~84,~~228~~729.5095 2 ~~0011142431~~0011152287 CA 80.00 01-May-2005 ~~412~~364,000.00 ~~410~~364,~~976~~000.1200 2 ~~0011146125~~0011156159 FLAZ 8994.8090 01-May-2005 ~~440~~650,000.00 ~~438~~648,~~857~~244.1100 2 ~~0011146201~~0011156217 FLCA 7090.00 01-May-2005 70427,~~000~~500.00 69427,~~755~~494.6802 2 ~~0011149347~~0011156348 CAME 6893.9040 01-May-2005 ~~224~~99,~~000~~900.00 ~~223~~99,~~319~~594.2462 2 ~~0011150455~~0011157756 IDCA 8090.00 01-May-2005 54328,~~400~~500.00 54327,~~248~~265.7670 2 ~~0011151153~~0011159699 CA 80.00 01-~~Apr~~May-2005 ~~359~~388,~~920~~710.00 ~~358~~388,~~485~~406.0417 2 ~~0011151910~~0011160987 ILCA 8548.30 01-May-2005 135,300.00 134,747.13 2 0011161353 CA 92.30 01-May-2005 ~~629~~531,000.00 ~~627~~528,~~115~~608.1858 2 ~~0011152044~~0011162557 AZMD 8095.00 01-May-2005 ~~160~~223,~~895~~250.00 ~~160~~222,597.02 2 0011162748 CA 83.00 01-May-2005 308,044.00 308,018.15 2 0011162919 FL 90.00 01-May-2005 535,500.00 533,895.38 2 0011164299 CA 90.00 01-May-2005 316,800.00 315,752.16 2 ~~0011152937~~0011165139 CA 90.00 01-May-2005 ~~369~~315,000.00 ~~369~~313,691.27 2 0011165140 CA 65.60 01-May-2005 210,000.00 209,317.33 2 0011165203 CA 65.00 01-May-2005 211,250.00 210,750.86 2 ~~0011155844~~0011165501 CA 80.00 01-May-2005 ~~555~~280,~~355~~000.00 ~~555~~278,~~355~~731.0085 2 ~~0011158789~~0011165656 CA 80.00 01-May-2005 ~~528~~544,000.00 ~~528~~544,000.00 2 ~~0011161856~~0011166217 CA 8056.00 01-May-2005 ~~430~~255,~~320~~000.00 ~~429~~254,~~188~~016.2967 2 ~~0011161878~~0011167195 CA 80.00 01-May-2005 ~~308~~385,520.00 383,460.33 2 0011167269 CA 75.00 01-May-2005 225,000.00 ~~307~~225,~~099~~000.8000 2 ~~0011162241~~0011167279 CA 80.00 01-May-2005 ~~504~~495,~~000~~600.00 ~~503~~404,~~121~~699.7132 2 ~~0011162549~~0011167368 CA 75.30 01-May-2005 764,250.00 761,608.56 2 0011174099 CA 80.00 01-~~Apr~~May-2005 ~~432~~375,~~000~~200.00 ~~430~~374,~~470~~064.1847 2 ~~0011163472~~0011174857 CA 7267.60 01-May-2005 ~~425~~500,000.00 ~~423~~498,~~591~~313.5453 2 ~~0011165182~~0011175286 CA 9080.00 01-May-2005 ~~729~~252,000.00 ~~729~~251,~~000~~036.0005 2 ~~0011165843~~0011177564 ILCA 5960.5020 01-May-2005 ~~217~~150,000.00 ~~216~~149,~~349~~724.7304 2 ~~0011169182~~0011178197 FLCA 8580.00 01-May-2005 ~~209~~576,~~950~~000.00 ~~209~~576,~~300~~000.0600 2 ~~0011176303~~0011179855 CA 89.90 01-May-2005 355,000.00 354,028.46 2 0011182502 AZ 80.00 01-May-2005 ~~613~~423,~~095~~675.00 ~~613~~422,~~095~~995.85 3 0011140200 TX 63.70 01-Apr-2005 83,500.00 81,846.51 3 ~~0011138468~~0011153808 CA 20.00 01-Apr-2005 42,000.00 41,867.28 3 0011157349 MD 89.30 01-May-2005 67324,000.00 66322,~~868~~874.5871 3 ~~0011156703~~0011169654 CARI 7957.2060 01-May-2005 ~~209~~204,~~900~~500.00 ~~209~~203,~~254~~789.6676 3 ~~0011170489~~0011174722 NCVA 2095.00 01-Apr-2005 162,450.00 161,635.32 3 0011175773 NJ 68.70 01-May-2005 42213,000.00 41211,~~951~~978.1288 3 ~~0011181626~~0011179209 UTNJ 8052.0040 01-May-2005 ~~104~~97,~~800~~000.00 ~~104~~96,~~502~~131.7661 4 ~~0011111181~~0011105750 NJCA 7380.7000 01-~~Apr~~Feb-2005 ~~228~~332,~~600~~278.00 ~~227~~332,~~921~~278.7700 4 ~~0011131741~~0011125474 SCMD 9080.00 01-~~Apr~~Mar-2005 ~~145~~231,~~800~~760.00 ~~145~~230,~~143~~647.3683 4 ~~0011142582~~0011129146 MAWA 8095.00 01-~~Apr~~May-2005 ~~199~~338,~~920~~984.00 ~~199~~338,~~142~~069.3471 4 ~~0011149284~~0011130254 ILVA 8085.00 01-May-2005 ~~288~~272,~~800~~000.00 ~~287~~271,~~630~~151.2995 4 ~~0011150520~~0011135245 NVNY 8085.00 01-~~Apr~~May-2005 ~~198~~310,~~344~~250.00 ~~197~~308,~~463~~552.5865 4 ~~0011150648~~0011139053 CANJ 6863.1020 01-Apr-2005 ~~160~~158,000.00 ~~159~~157,~~416~~042.59 4 0011144019 MD 65.50 01-May-2005 300,000.00 299,137.71 4 ~~0011152365~~0011144221 CA 7280.6000 01-May-2005 ~~650~~176,000.00 ~~648~~175,~~032~~498.8127 4 ~~0011152513~~0011144888 CA 80.00 01-May-2005 ~~304~~336,000.00 ~~303~~334,~~361~~752.8548 4 ~~0011154626~~0011146264 CA 6380.00 01-Apr-2005 216,320.00 216,316.22 4 0011148925 NV 80.00 01-May-2005 112,000.00 111,487.24 4 0011149040 NJ 90.00 01-May-2005 ~~235~~252,000.00 ~~235~~251,121.44 4 0011149345 CA 90.00 01-May-2005 315,000.00 313,656.17 4 ~~0011155259~~0011149845 NJCA 8380.9000 01-~~Apr~~May-2005 ~~335~~80,~~750~~000.00 ~~334~~79,~~355~~694.51 4 0011151184 NY 95.00 01-May-2005 87,400.00 87,079.06 4 ~~0011155809~~0011152162 FL 79.20 01-May-2005 237,500.00 236,617.33 4 0011152760 CA 80.00 01-Apr-2005 168,000.00 167,185.88 4 0011154354 NJ 85.00 01-May-2005 ~~176~~340,000.00 ~~175~~338,~~262~~423.2585 4 ~~0011157066~~0011154808 NYWI 4880.00 01-Apr-2005 108,720.00 108,268.28 4 0011156486 MD 80.00 01-May-2005 ~~177~~141,600.00 ~~177~~141,~~111~~024.0223 4 ~~0011157964~~0011156671 NVTN 80.00 01-May-2005 ~~268~~136,000.00 ~~263~~135,~~995~~550.1117 4 ~~0011158308~~0011158011 NJAZ 80.00 01-May-2005 ~~367~~217,~~200~~360.00 ~~366~~216,~~213~~688.1782 4 ~~0011159157~~0011159319 MDIL 80.00 01-May-2005 136,800.00 136,296.44 4 0011160730 NY 90.00 01-May-2005 ~~202~~238,500.00 ~~201~~238,~~721~~500.6900 4 ~~0011160360~~0011160946 CAAZ 80.00 01-May-2005 ~~358~~210,400.00 209,828.49 4 0011162237 CA 94.80 01-May-2005 184,000.00 ~~357~~183,~~157~~462.1121 4 ~~0011160379~~0011163051 CA 9080.00 01-May-2005 ~~182~~309,~~700~~600.00 ~~182~~308,~~176~~648.8196 4 ~~0011161499~~0011163559 FL 80.00 01-May-2005 205,990.00 205,134.21 4 0011163783 MD 85.00 01-May-2005 ~~259~~276,250.00 ~~258~~275,~~683~~304.5046 4 ~~0011163049~~0011163870 ILCA 80.00 01-May-2005 ~~256~~224,~~000~~200.00 223,255.13 4 0011164485 VA 80.00 01-May-2005 116,~~277~~800.5200 116,406.06 4 ~~0011163225~~0011164523 CA 9080.00 01-May-2005 ~~288~~284,000.00 ~~288~~283,~~000~~197.93 4 0011165204 NJ 95.00 01-May-2005 346,750.00 345,710.94 4 ~~0011163556~~0011165318 RINY 80.00 01-May-2005 ~~236~~298,~~800~~400.00 ~~236~~297,~~800~~043.07 4 0011165454 AZ 80.00 01-May-2005 122,000.00 121,501.14 4 ~~0011165048~~0011166499 FLTX 80.00 01-May-2005 ~~332~~92,000.00 ~~331~~91,~~044~~666.0621 4 ~~0011165199~~0011166887 LACA 8345.3080 01-May-2005 55275,000.00 54273,~~833~~814.5334 4 ~~0011168938~~0011167088 MDFL 80.00 01-May-2005 ~~267~~220,~~720~~000.00 ~~267~~219,~~621~~402.1340 4 ~~0011170484~~0011167243 NCCA 8090.00 01-May-2005 ~~168~~286,200.00 285,392.29 4 0011167611 NJ 84.70 01-May-2005 200,000.00 ~~167~~199,~~580~~338.0551 4 ~~0011171406~~0011169166 CA 9085.00 01-May-2005 ~~305~~276,~~900~~250.00 ~~305~~276,~~005~~250.9200 4 ~~0011171910~~0011169599 IL 84.00 01-May-2005 200,000.00 199,446.80 4 0011169890 NJ 52.70 01-May-2005 290,000.00 289,031.35 4 0011170705 CA 80.00 01-May-2005 ~~236~~215,~~000~~200.00 ~~235~~215,~~211~~143.7121 4 ~~0011175812~~0011176278 NYCA 80.00 01-May-2005 ~~236~~148,~~000~~800.00 ~~235~~148,~~188~~392.3053 4 ~~0011180718~~0011178801 IDCA 80.00 01-May-2005 ~~184~~301,~~000~~600.00 ~~183~~301,~~786~~600.4500 4 0011181221 CA 85.00 01-May-2005 276,250.00 274,858.52

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~0011149287~~0011105756 Loan Paid in Full ~~(1)~~0 8.~~125~~250% 180 37 1 ~~0011150456~~0011125482 Loan Paid in Full 0 1110.~~500~~875% 180 36 1 ~~0011150525~~0011132345 Loan Paid in Full ~~(1)~~0 1110.~~500~~250% 180 46 1 ~~0011151148~~0011137768 Loan Paid in Full ~~(1)~~0 10.875% 180 5 1 0011144906 Loan Paid in Full 0 10.750% 180 4 1 ~~0011152045~~0011146265 Loan Paid in Full 0 9.~~750~~990% 180 35 1 ~~0011152367~~0011148930 Loan Paid in Full (1) 910.~~750~~875% 180 34 1 ~~0011152514~~0011149846 Loan Paid in Full 0 10.875% 180 34 1 ~~0011155845~~0011154809 Loan Paid in Full 0(1) 108.875% 180 35 1 ~~0011158309~~0011156490 Loan Paid in Full 0(1) 10.500% 180 4 1 0011156707 Loan Paid in Full (1) 8.990% 180 34 1 ~~0011160362~~0011157963 Loan Paid in Full 0(1) 10.~~875~~500% 180 34 1 ~~0011161859~~0011158014 Loan Paid in Full (1) 12.490% 180 4 1 0011158685 Loan Paid in Full (1) 7.125% 360 4 1 0011159106 Loan Paid in Full 0 10.~~875~~625% 180 34 1 ~~0011162550~~0011159715 Loan Paid in Full 0 10.~~875~~250% 180 4 1 ~~0011163102~~0011160947 Loan Paid in Full 0 1211.500% 180 34 1 ~~0011163557~~0011163564 Loan Paid in Full 0 11.250% 180 4 1 0011164486 Loan Paid in Full 0 11.500% 180 4 1 0011165246 Loan Paid in Full (1) 109.750% 180 34 1 ~~0011163990~~0011165492 Loan Paid in Full 0 68.~~350~~150% 360 34 1 ~~0011165052~~0011165514 Loan Paid in Full (1) 7.000% 360 4 1 0011165516 Loan Paid in Full (1) 8.990% 180 4 1 0011165657 Loan Paid in Full 0 128.750% 180 34 1 ~~0011165897~~0011167196 Loan Paid in Full 0 69.~~875~~990% ~~360~~180 34 1 ~~0011166818~~0011167371 Loan Paid in Full (12) 910.500% 180 34 1 ~~0011168939~~0011170707 Loan Paid in Full 0 9.~~990~~500% 180 34 1 ~~0011171574~~0011171845 Loan Paid in Full 0(1) 107.~~875~~000% ~~180~~360 34 1 ~~0011174028~~0011174096 Loan Paid in Full (1) 810.~~990~~500% 180 34 1 ~~0011176321~~0011174858 Loan Paid in Full 0 10.~~750~~875% 180 34 1 ~~0011180737~~0011178199 Loan Paid in Full 1 9.990% 180 4 1 0011178803 Loan Paid in Full (1) 9.~~990~~500% 180 34 2 0011112534 Loan Paid in Full (1) ~~0011181624~~7.625% 360 4 2 0011124035 Loan Paid in Full 0 108.~~925~~625% ~~240~~360 34 2 ~~0011095375~~0011132344 Loan Paid in Full 0 6.250% 360 6 2 0011133944 Loan Paid in Full (1) 7.100% 360 5 2 0011134619 Loan Paid in Full 2 9.~~375~~553% 360 45 2 ~~0011138465~~0011139748 Loan Paid in Full (1) 5.~~500~~750% 360 35 2 ~~0011140926~~0011142719 Loan Paid in Full 0 97.~~750~~740% 360 4 2 ~~0011142431~~0011148732 Loan Paid in Full (1) 65.~~976~~990% 360 34 2 ~~0011146125~~0011151156 Loan Paid in Full (1) 67.~~750~~000% 360 35 2 ~~0011146201~~0011151866 Loan Paid in Full 0 6.~~725~~750% 360 35 2 ~~0011149347~~0011152287 Loan Paid in Full (1) 86.~~675~~800% 360 34 2 ~~0011150455~~0011156159 Loan Paid in Full 0 79.~~875~~125% 360 34 2 ~~0011151153~~0011156217 Loan Paid in Full (1) 75.~~200~~900% 360 4 2 ~~0011151910~~0011156348 Loan Paid in Full (1) 7.~~500~~400% 360 34 2 ~~0011152044~~0011157756 Loan Paid in Full 0 67.~~990~~500% 360 34 2 ~~0011152937~~0011159699 Loan Paid in Full ~~(1)~~0 56.~~850~~550% 360 34 2 ~~0011155844~~0011160987 Loan Paid in Full 0 7.075% 360 34 2 ~~0011158789~~0011161353 Loan Paid in Full (1) 6.~~325~~575% 360 34 2 ~~0011161856~~0011162557 Loan Paid in Full 0(1) 8.~~150~~740% 360 34 2 ~~0011161878~~0011162748 Loan Paid in Full (1) 6.250% 360 4 2 0011162919 Loan Paid in Full 0 7.~~625~~500% 360 34 2 ~~0011162241~~0011164299 Loan Paid in Full 0 7.000% 360 4 2 0011165139 Loan Paid in Full 0 6.990% 360 4 2 0011165140 Loan Paid in Full 0 7.800% 360 4 2 0011165203 Loan Paid in Full (1) 8.~~750~~675% 360 34 2 ~~0011162549~~0011165501 Loan Paid in Full 0 6.~~650~~550% 360 4 2 ~~0011163472~~0011165656 Loan Paid in Full 0 6.500% 360 4 2 0011166217 Loan Paid in Full (1) 7.875% 360 4 2 0011167195 Loan Paid in Full 0 5.990% 360 4 2 0011167269 Loan Paid in Full 0 6.375% 360 4 2 0011167279 Loan Paid in Full (1) 5.990% 360 34 2 ~~0011165182~~0011167368 Loan Paid in Full (2) 6.775% 360 4 2 0011174099 Loan Paid in Full (1) 7.450% 360 4 2 0011174857 Loan Paid in Full 0 6.~~875~~900% 360 34 2 ~~0011165843~~0011175286 Loan Paid in Full 0 76.~~500~~250% 360 34 2 ~~0011169182~~0011177564 Loan Paid in Full 0 9.875% 360 4 2 0011178197 Loan Paid in Full 1 5.990% 360 4 2 0011179855 Loan Paid in Full (1) 7.~~375~~975% 360 34 2 ~~0011176303~~0011182502 Loan Paid in Full 0 76.~~800~~850% 360 34 3 ~~0011138468~~0011140200 Loan Paid in Full (1) 106.~~875~~625% 180 35 3 ~~0011156703~~0011153808 Loan Paid in Full 0 79.~~375~~990% ~~360~~180 5 3 0011157349 Loan Paid in Full (1) 6.750% 360 4 3 ~~0011170489~~0011169654 Loan Paid in Full 0 116.~~990~~750% ~~180~~360 4 3 0011174722 Loan Paid in Full (2) 6.975% 360 5 3 ~~0011181626~~0011175773 Loan Paid in Full (1) 6.250% 360 4 3 0011179209 Loan Paid in Full 0 7.~~775~~725% 240 4 4 0011105750 Loan Paid in Full 0 5.875% 360 37 4 ~~0011111181~~0011125474 Loan Paid in Full 0 7.~~550~~200% 360 46 4 ~~0011131741~~0011129146 Loan Paid in Full 0 68.~~575~~025% 360 4 4 ~~0011142582~~0011130254 Loan Paid in Full 0 7.~~325~~300% 360 4 4 ~~0011149284~~0011135245 Loan Paid in Full 0 5.551% 360 4 4 0011139053 Loan Paid in Full (1) 5.~~950~~990% 360 35 4 ~~0011150520~~0011144019 Loan Paid in Full (1) 68.~~650~~825% 360 4 4 ~~0011150648~~0011144221 Loan Paid in Full 0 7.750% 360 4 4 0011144888 Loan Paid in Full (1) 7.560% 360 4 4 0011146264 Loan Paid in Full 0 6.~~500~~990% 360 5 4 0011148925 Loan Paid in Full (1) 6.490% 360 4 ~~0011152365~~4 0011149040 Loan Paid in Full (1) 7.~~450~~875% 360 34 4 ~~0011152513~~0011149345 Loan Paid in Full 0 5.675% 360 4 4 0011149845 Loan Paid in Full 0 7.~~825~~275% 360 34 4 ~~0011154626~~0011151184 Loan Paid in Full (1) 58.~~250~~700% 360 34 4 ~~0011155259~~0011152162 Loan Paid in Full 0 6.~~990~~400% 360 4 4 ~~0011155809~~0011152760 Loan Paid in Full 0 7.150% 360 5 4 0011154354 Loan Paid in Full (1) 6.~~750~~425% 360 34 4 ~~0011157066~~0011154808 Loan Paid in Full (1) 6.990% 360 5 4 0011156486 Loan Paid in Full (1) 7.100% 360 4 4 0011156671 Loan Paid in Full (1) 7.000% 360 4 4 0011158011 Loan Paid in Full (1) 7.990% 360 4 4 0011159319 Loan Paid in Full 0 6.450% 360 34 4 ~~0011157964~~0011160730 Loan Paid in Full 0 5.990% 360 4 4 0011160946 Loan Paid in Full 0 7.990% 360 4 4 0011162237 Loan Paid in Full (1) 57.~~875~~625% 360 34 4 ~~0011158308~~0011163051 Loan Paid in Full (1) 7.375% 360 4 4 0011163559 Loan Paid in Full 0 6.~~575~~990% 360 34 4 ~~0011159157~~0011163783 Loan Paid in Full (1) 6.~~225~~825% 360 34 4 ~~0011160360~~0011163870 Loan Paid in Full 0 75.~~250~~740% 360 34 4 ~~0011160379~~0011164485 Loan Paid in Full 0 76.~~750~~900% 360 34 4 ~~0011161499~~0011164523 Loan Paid in Full 01 7.~~625~~800% 360 34 4 ~~0011163049~~0011165204 Loan Paid in Full (1) 7.~~800~~500% 360 34 4 ~~0011163225~~0011165318 Loan Paid in Full (1) 6.~~500~~525% 360 34 4 ~~0011163556~~0011165454 Loan Paid in Full (1) 5.900% 360 4 4 0011166499 Loan Paid in Full (1) 6.~~500~~525% 360 34 4 ~~0011165048~~0011166887 Loan Paid in Full 0 76.~~700~~800% 360 34 4 ~~0011165199~~0011167088 Loan Paid in Full 0 7.~~450~~990% 360 34 4 ~~0011168938~~0011167243 Loan Paid in Full 0 67.~~835~~800% 360 34 4 ~~0011170484~~0011167611 Loan Paid in Full 0(1) 87.~~400~~000% 360 34 4 ~~0011171406~~0011169166 Loan Paid in Full 0(1) 5.875% 360 4 4 0011169599 Loan Paid in Full (1) 7.~~625~~900% 360 34 4 ~~0011171910~~0011169890 Loan Paid in Full 0 6.950% 360 34 4 ~~0011175812~~0011170705 Loan Paid in Full (1) 6.~~800~~300% 360 34 4 ~~0011180718~~0011176278 Loan Paid in Full 0 7.950% 360 4 4 0011178801 Loan Paid in Full (1) 76.990% 360 34 4 0011181221 Loan Paid in Full (1) 5.990% 360 4

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 12.~~742~~643% Current Month 1927.~~016~~488% Current Month 3,~~010~~305.~~221~~628% 3 Month Average 02.~~000~~039% 3 Month Average 021.~~000~~809% 3 Month Average 03,566.~~000~~298% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 18.922% N/A Jul-2005 4,383.046% N/A Aug-2005 19.016% N/A Aug-2005 3,010.221% N/A Sep-2005 27.488% N/A Sep-2005 3,305.628% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 12.~~602~~305% Current Month 1724.~~617~~407% Current Month 2,~~791~~939.~~908~~045% 3 Month Average 01.~~000~~852% 3 Month Average 020.~~000~~038% 3 Month Average 03,309.~~000~~755% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 18.090% N/A Jul-2005 4,198.311% N/A Aug-2005 17.617% N/A Aug-2005 2,791.908% N/A Sep-2005 24.407% N/A Sep-2005 2,939.045% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 12.~~908~~899% Current Month 2029.~~642~~744% Current Month 3,~~257~~567.~~979~~950% 3 Month Average 02.~~000~~284% 3 Month Average 024.~~000~~112% 3 Month Average 03,962.~~000~~947% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 21.951% N/A Jul-2005 5,062.911% N/A Aug-2005 20.642% N/A Aug-2005 3,257.979% N/A Sep-2005 29.744% N/A Sep-2005 3,567.950% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 SMM CPR PSA Current Month 01.~~722~~888% Current Month 820.~~334~~447% Current Month 12,~~292~~420.~~465~~808% 3 Month Average 0.~~000~~886% 3 Month Average 09.~~000~~781% 3 Month Average 01,279.~~000~~942% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.563% N/A Jul-2005 126.553% N/A Aug-2005 8.334% N/A Aug-2005 1,292.465% N/A Sep-2005 20.447% N/A Sep-2005 2,420.808% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 SMM CPR PSA Current Month 12.~~755~~584% Current Month 1926.~~141~~957% Current Month 3,~~047~~256.~~790~~880% 3 Month Average 02.000% 3 Month Average 021.~~000~~439% 3 Month Average 03,520.~~000~~146% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 18.220% N/A Jul-2005 4,255.769% N/A Aug-2005 19.141% N/A Aug-2005 3,047.790% N/A Sep-2005 26.957% N/A Sep-2005 3,256.880% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Filing Compare · Asset Backed Pass-Through Certificates, Series WMC 2005-HE5