8-K 1 wfh05001_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 WELLS FARGO HOME EQUITY TRUST Home Equity Asset-Backed Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121654-01 Pooling and Servicing Agreement) (Commission 54-2176815 (State or other File Number) 54-2176816 jurisdiction 54-6671937 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 26, 2005 a distribution was made to holders of WELLS FARGO HOME EQUITY TRUST, Home Equity Asset-Backed Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Asset-Backed Certificates, Series 2005-1 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. WELLS FARGO HOME EQUITY TRUST Home Equity Asset-Backed Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Servicer By: /s/ Sue Morrison, Vice President By: Sue Morrison as Vice President Date: 9/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Asset-Backed Certificates, Series 2005-1 Trust, relating to the September 26, 2005 distribution. EX-99.1

Wells Fargo Home Equity Trust Home Equity Asset-Backed Certificates Record Date: 78/2931/2005 Distribution Date: 89/2526/2005 Wells Fargo Home Equity Trust Home Equity Asset-Backed Certificates Series 2005-1 Contact: Customer Service - SecuritiesLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution PP 9497ER9B2 PP Prem 0.00000% 0.01 97177,~~086~~337.1572 R 9497ER9C0 RES 0.00000% 0.00 0.00 AI-1A 9497ERAM6 SEN 3.~~68000~~86125% ~~530~~525,~~423~~015,~~956~~701.4781 1,~~680~~801,~~854~~970.5856 AI-1B 9497ERAN4 SEN 3.~~74000~~92125% ~~132~~131,~~606~~254,~~487~~418.0732 ~~427~~457,~~066~~494.5657 AII-1 9497ERAP9 SEN 3.~~69000~~87125% ~~382~~377,~~822~~978,~~479~~696.6841 1,~~216~~300,~~418~~666.4369 M-1 9497ERAA2 SUB 34.~~87000~~05125% 32,028,000.00 ~~106~~115,~~733~~336.3139 M-2 9497ERAB0 SUB 34.~~89000~~07125% 30,145,000.00 ~~100~~109,~~977~~091.3841 M-3 9497ERAC8 SUB 34.~~94000~~12125% 18,212,000.00 6166,~~789~~716.2763 M-4 9497ERAD6 SUB 4.~~07000~~25125% 15,700,000.00 5559,~~024~~328.1456 M-5 9497ERAE4 SUB 4.~~09000~~27125% 14,444,000.00 5054,~~870~~839.9705 M-6 9497ERAF1 SUB 4.~~12000~~30125% 12,560,000.00 4448,~~560~~021.0907 M-7 9497ERAG9 SUB 4.~~51000~~69125% 12,560,000.00 4852,~~778~~375.1620 M-8 9497ERAH7 SUB 4.~~61000~~79125% 8,792,000.00 3437,~~901~~444.8015 M-9 9497ERAJ3 SUB 5.~~16000~~34125% 12,560,000.00 5559,~~808~~632.2709 M-10 9497ERAK0 SUB 56.~~96000~~14125% 12,560,000.00 6468,~~460~~563.7164 M-11 9497ERAL8 SUB 56.~~96000~~14125% 7,536,000.00 3841,~~676~~138.4319 M-12 9497ERAQ7 SUB 56.~~96000~~14125% 9,420,000.00 4851,~~345~~422.5373 M-13 9497ERAR5 SUB 56.~~96000~~14125% 5,024,000.00 2527,~~784~~425.2846 M-14 9497ERAS3 SUB 56.~~86000~~04125% 3,768,000.00 1920,~~013~~234.7516 CE 9497ER9A4 SUB 0.00000% 9,420,034.63 2,~~406~~052,~~868~~548.7169 Totals 1,~~250~~238,~~581~~977,~~957~~851.8618 6,~~584~~601,~~018~~586.5296

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses PP 0.00 0.00 0.01 97177,~~086~~337.1572 0.00 R 0.00 0.00 0.00 0.00 0.00 AI-1A 57,~~408~~590,~~254~~692.6603 0.00 ~~525~~517,~~015~~425,~~701~~009.8179 79,~~089~~392,~~109~~662.2459 0.00 AI-1B 1,~~352~~897,~~068~~680.7413 0.00 ~~131~~129,~~254~~356,~~418~~738.3219 12,~~779~~355,~~135~~174.3070 0.00 AII-1 48,~~843~~462,~~783~~531.2703 0.00 ~~377~~369,~~978~~516,~~696~~165.4138 69,~~060~~763,~~201~~197.7072 0.00 M-1 0.00 0.00 32,028,000.00 ~~106~~115,~~733~~336.3139 0.00 M-2 0.00 0.00 30,145,000.00 ~~100~~109,~~977~~091.3841 0.00 M-3 0.00 0.00 18,212,000.00 6166,~~789~~716.2763 0.00 M-4 0.00 0.00 15,700,000.00 5559,~~024~~328.1456 0.00 M-5 0.00 0.00 14,444,000.00 5054,~~870~~839.9705 0.00 M-6 0.00 0.00 12,560,000.00 4448,~~560~~021.0907 0.00 M-7 0.00 0.00 12,560,000.00 4852,~~778~~375.1620 0.00 M-8 0.00 0.00 8,792,000.00 3437,~~901~~444.8015 0.00 M-9 0.00 0.00 12,560,000.00 5559,~~808~~632.2709 0.00 M-10 0.00 0.00 12,560,000.00 6468,~~460~~563.7164 0.00 M-11 0.00 0.00 7,536,000.00 3841,~~676~~138.4319 0.00 M-12 0.00 0.00 9,420,000.00 4851,~~345~~422.5373 0.00 M-13 0.00 0.00 5,024,000.00 2527,~~784~~425.2846 0.00 M-14 0.00 0.00 3,768,000.00 1920,~~013~~234.7516 0.00 CE 0.00 0.00 9,420,034.63 2,~~406~~052,~~868~~548.7169 0.00 Totals 1117,~~604~~950,~~106~~903.6719 0.00 1,~~238~~221,~~977~~026,~~851~~948.1800 1824,~~188~~552,~~125~~490.1915 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) PP 0.00 0.01 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 AI-1A 532,610,000.00 ~~530~~525,~~423~~015,~~956~~701.4781 0.00 57,~~408~~590,~~254~~692.6603 0.00 0.00 AI-1B 133,153,000.00 ~~132~~131,~~606~~254,~~487~~418.0732 0.00 1,~~352~~897,~~068~~680.7413 0.00 0.00 AII-1 385,512,000.00 ~~382~~377,~~822~~978,~~479~~696.6841 0.00 48,~~843~~462,~~783~~531.2703 0.00 0.00 M-1 32,028,000.00 32,028,000.00 0.00 0.00 0.00 0.00 M-2 30,145,000.00 30,145,000.00 0.00 0.00 0.00 0.00 M-3 18,212,000.00 18,212,000.00 0.00 0.00 0.00 0.00 M-4 15,700,000.00 15,700,000.00 0.00 0.00 0.00 0.00 M-5 14,444,000.00 14,444,000.00 0.00 0.00 0.00 0.00 M-6 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-7 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-8 8,792,000.00 8,792,000.00 0.00 0.00 0.00 0.00 M-9 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-10 12,560,000.00 12,560,000.00 0.00 0.00 0.00 0.00 M-11 7,536,000.00 7,536,000.00 0.00 0.00 0.00 0.00 M-12 9,420,000.00 9,420,000.00 0.00 0.00 0.00 0.00 M-13 5,024,000.00 5,024,000.00 0.00 0.00 0.00 0.00 M-14 3,768,000.00 3,768,000.00 0.00 0.00 0.00 0.00 Totals 1,246,584,000.00 1,~~241~~229,~~161~~557,~~923~~816.2355 0.00 1117,~~604~~950,~~106~~903.6719 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 PP 0.00 0.01 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 AI-1A 57,~~408~~590,~~254~~692.6603 ~~525~~517,~~015~~425,~~701~~009.8179 0.~~98574135~~97148948 57,~~408~~590,~~254~~692.6603 AI-1B 1,~~352~~897,~~068~~680.7413 ~~131~~129,~~254~~356,~~418~~738.3219 0.~~98574135~~97148948 1,~~352~~897,~~068~~680.7413 AII-1 48,~~843~~462,~~783~~531.2703 ~~377~~369,~~978~~516,~~696~~165.4138 0.~~98045896~~95850756 48,~~843~~462,~~783~~531.2703 M-1 0.00 32,028,000.00 1.00000000 0.00 M-2 0.00 30,145,000.00 1.00000000 0.00 M-3 0.00 18,212,000.00 1.00000000 0.00 M-4 0.00 15,700,000.00 1.00000000 0.00 M-5 0.00 14,444,000.00 1.00000000 0.00 M-6 0.00 12,560,000.00 1.00000000 0.00 M-7 0.00 12,560,000.00 1.00000000 0.00 M-8 0.00 8,792,000.00 1.00000000 0.00 M-9 0.00 12,560,000.00 1.00000000 0.00 M-10 0.00 12,560,000.00 1.00000000 0.00 M-11 0.00 7,536,000.00 1.00000000 0.00 M-12 0.00 9,420,000.00 1.00000000 0.00 M-13 0.00 5,024,000.00 1.00000000 0.00 M-14 0.00 3,768,000.00 1.00000000 0.00 Totals 1117,~~604~~950,~~106~~903.6719 1,~~229~~211,~~557~~606,~~816~~913.5537 0.~~98634173~~97194165 1117,~~604~~950,~~106~~903.6719

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion PP 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 532,610,000.00 ~~995~~985.~~89560179~~74135260 0.00000000 1014.~~15424919~~25187666 0.00000000 AI-1B 133,153,000.00 ~~995~~985.~~89560183~~74135258 0.00000000 1014.~~15424917~~25187664 0.00000000 AII-1 385,512,000.00 ~~993~~980.~~02351076~~45896473 0.00000000 1221.~~56454603~~95140756 0.00000000 M-1 32,028,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 30,145,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 18,212,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 14,444,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 8,792,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 12,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-11 7,536,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-12 9,420,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-13 5,024,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-14 3,768,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 9,420,616.84 999.93819831 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 PP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 0.00000000 1014.~~15424919~~25187666 ~~985~~971.~~74135260~~48947596 0.~~98574135~~97148948 1014.~~15424919~~25187666 AI-1B 0.00000000 1014.~~15424917~~25187664 ~~985~~971.~~74135258~~48947594 0.~~98574135~~97148948 1014.~~15424917~~25187664 AII-1 0.00000000 1221.~~56454603~~95140756 ~~980~~958.~~45896473~~50755717 0.~~98045896~~95850756 1221.~~56454603~~95140756 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.93819831 0.99993820 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 PP 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 AI-1A 532,610,000.00 3.~~68000~~86125% ~~530~~525,~~423~~015,~~956~~701.4781 1,~~680~~801,~~854~~970.5856 0.00 0.00 AI-1B 133,153,000.00 3.~~74000~~92125% ~~132~~131,~~606~~254,~~487~~418.0732 ~~427~~457,~~066~~494.5657 0.00 0.00 AII-1 385,512,000.00 3.~~69000~~87125% ~~382~~377,~~822~~978,~~479~~696.6841 1,~~216~~300,~~418~~666.4369 0.00 0.00 M-1 32,028,000.00 34.~~87000~~05125% 32,028,000.00 ~~106~~115,~~733~~336.3139 0.00 0.00 M-2 30,145,000.00 34.~~89000~~07125% 30,145,000.00 ~~100~~109,~~977~~091.3841 0.00 0.00 M-3 18,212,000.00 34.~~94000~~12125% 18,212,000.00 6166,~~789~~716.2763 0.00 0.00 M-4 15,700,000.00 4.~~07000~~25125% 15,700,000.00 5559,~~024~~328.1456 0.00 0.00 M-5 14,444,000.00 4.~~09000~~27125% 14,444,000.00 5054,~~870~~839.9705 0.00 0.00 M-6 12,560,000.00 4.~~12000~~30125% 12,560,000.00 4448,~~560~~021.0907 0.00 0.00 M-7 12,560,000.00 4.~~51000~~69125% 12,560,000.00 4852,~~778~~375.1620 0.00 0.00 M-8 8,792,000.00 4.~~61000~~79125% 8,792,000.00 3437,~~901~~444.8015 0.00 0.00 M-9 12,560,000.00 5.~~16000~~34125% 12,560,000.00 5559,~~808~~632.2709 0.00 0.00 M-10 12,560,000.00 56.~~96000~~14125% 12,560,000.00 6468,~~460~~563.7164 0.00 0.00 M-11 7,536,000.00 56.~~96000~~14125% 7,536,000.00 3841,~~676~~138.4319 0.00 0.00 M-12 9,420,000.00 56.~~96000~~14125% 9,420,000.00 4851,~~345~~422.5373 0.00 0.00 M-13 5,024,000.00 56.~~96000~~14125% 5,024,000.00 2527,~~784~~425.2846 0.00 0.00 M-14 3,768,000.00 56.~~86000~~04125% 3,768,000.00 1920,~~013~~234.7516 0.00 0.00 CE 9,420,616.84 0.00000% 9,420,034.63 0.00 0.00 0.00 Totals 1,256,004,616.84 4,~~080~~371,~~063~~700.6655 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 PP 0.00 0.00 97177,~~086~~337.1572 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 AI-1A 0.00 0.00 1,~~680~~801,~~854~~970.5856 0.00 ~~525~~517,~~015~~425,~~701~~009.8179 AI-1B 0.00 0.00 ~~427~~457,~~066~~494.5657 0.00 ~~131~~129,~~254~~356,~~418~~738.3219 AII-1 0.00 0.00 1,~~216~~300,~~418~~666.4369 0.00 ~~377~~369,~~978~~516,~~696~~165.4138 M-1 0.00 0.00 ~~106~~115,~~733~~336.3139 0.00 32,028,000.00 M-2 0.00 0.00 ~~100~~109,~~977~~091.3841 0.00 30,145,000.00 M-3 0.00 0.00 6166,~~789~~716.2763 0.00 18,212,000.00 M-4 0.00 0.00 5559,~~024~~328.1456 0.00 15,700,000.00 M-5 0.00 0.00 5054,~~870~~839.9705 0.00 14,444,000.00 M-6 0.00 0.00 4448,~~560~~021.0907 0.00 12,560,000.00 M-7 0.00 0.00 4852,~~778~~375.1620 0.00 12,560,000.00 M-8 0.00 0.00 3437,~~901~~444.8015 0.00 8,792,000.00 M-9 0.00 0.00 5559,~~808~~632.2709 0.00 12,560,000.00 M-10 0.00 0.00 6468,~~460~~563.7164 0.00 12,560,000.00 M-11 0.00 0.00 3841,~~676~~138.4319 0.00 7,536,000.00 M-12 0.00 0.00 4851,~~345~~422.5373 0.00 9,420,000.00 M-13 0.00 0.00 2527,~~784~~425.2846 0.00 5,024,000.00 M-14 0.00 0.00 1920,~~013~~234.7516 0.00 3,768,000.00 CE 0.00 0.00 2,~~406~~052,~~868~~548.7169 0.00 9,420,034.63 Totals 0.00 0.00 6,~~584~~601,~~018~~586.5296 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 PP 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 532,610,000.00 3.~~68000~~86125% ~~995~~985.~~89560179~~74135260 3.~~15588250~~38328338 0.00000000 0.00000000 AI-1B 133,153,000.00 3.~~74000~~92125% ~~995~~985.~~89560183~~74135258 3.~~20733712~~43585627 0.00000000 0.00000000 AII-1 385,512,000.00 3.~~69000~~87125% ~~993~~980.~~02351076~~45896473 3.~~15533221~~37386823 0.00000000 0.00000000 M-1 32,028,000.00 34.~~87000~~05125% 1000.00000000 3.~~33250000~~60111122 0.00000000 0.00000000 M-2 30,145,000.00 34.~~89000~~07125% 1000.00000000 3.~~34972234~~61888904 0.00000000 0.00000000 M-3 18,212,000.00 34.~~94000~~12125% 1000.00000000 3.~~39277784~~66333352 0.00000000 0.00000000 M-4 15,700,000.00 4.~~07000~~25125% 1000.00000000 3.~~50472229~~77888917 0.00000000 0.00000000 M-5 14,444,000.00 4.~~09000~~27125% 1000.00000000 3.~~52194475~~79666644 0.00000000 0.00000000 M-6 12,560,000.00 4.~~12000~~30125% 1000.00000000 3.~~54777787~~82333360 0.00000000 0.00000000 M-7 12,560,000.00 4.~~51000~~69125% 1000.00000000 34.~~88361146~~17000000 0.00000000 0.00000000 M-8 8,792,000.00 4.~~61000~~79125% 1000.00000000 34.~~96972247~~25888876 0.00000000 0.00000000 M-9 12,560,000.00 5.~~16000~~34125% 1000.00000000 4.~~44333360~~74777787 0.00000000 0.00000000 M-10 12,560,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222213~~45888854 0.00000000 0.00000000 M-11 7,536,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222266~~45888933 0.00000000 0.00000000 M-12 9,420,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222187~~45888854 0.00000000 0.00000000 M-13 5,024,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222134~~45888933 0.00000000 0.00000000 M-14 3,768,000.00 56.~~86000~~04125% 1000.00000000 5.~~04611200~~37000000 0.00000000 0.00000000 CE 9,420,616.84 0.00000% 999.93819831 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 PP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AI-1A 0.00000000 0.00000000 3.~~15588250~~38328338 0.00000000 ~~985~~971.~~74135260~~48947596 AI-1B 0.00000000 0.00000000 3.~~20733712~~43585627 0.00000000 ~~985~~971.~~74135258~~48947594 AII-1 0.00000000 0.00000000 3.~~15533221~~37386823 0.00000000 ~~980~~958.~~45896473~~50755717 M-1 0.00000000 0.00000000 3.~~33250000~~60111122 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~34972234~~61888904 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~39277784~~66333352 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~50472229~~77888917 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~52194475~~79666644 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.~~54777787~~82333360 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 34.~~88361146~~17000000 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 34.~~96972247~~25888876 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.~~44333360~~74777787 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 5.~~13222213~~45888854 0.00000000 1000.00000000 M-11 0.00000000 0.00000000 5.~~13222266~~45888933 0.00000000 1000.00000000 M-12 0.00000000 0.00000000 5.~~13222187~~45888854 0.00000000 1000.00000000 M-13 0.00000000 0.00000000 5.~~13222134~~45888933 0.00000000 1000.00000000 M-14 0.00000000 0.00000000 5.~~04611200~~37000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~255~~217.~~48950253~~87837515 0.00000000 999.93819831 (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 1825,~~615~~062,~~945~~328.3490 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~228~~250,~~944~~833.7096 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1825,~~844~~313,~~890~~162.0486 Withdrawals Reimbursement for Servicer Advances ~~120~~228,~~056~~944.7670 Payment of Service Fee ~~536~~531,~~708~~728.0901 Payment of Interest and Principal 1824,~~188~~552,~~125~~490.1915 Total Withdrawals (Pool Distribution Amount) 1825,~~844~~313,~~890~~162.0486 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~521~~516,~~075~~240.8279 Credit Risk Management Fee 15,~~632~~487.2722 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~536~~531,~~708~~728.0901

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 ~~200~~219 3 0 0 ~~203~~222 2928,~~157~~301,~~806~~754.9551 ~~313~~340,~~281~~140.5325 0.00 0.00 2928,~~471~~641,~~088~~894.4876 60 Days 4647 02 0 0 4649 5,~~770~~889,~~956~~428.8824 087,743.0009 0.00 0.00 5,~~770~~977,~~956~~171.8833 90 Days 02 0 120 0 122 0291,276.0016 0.00 892,~~880~~492,539.0588 0.00 892,~~880~~783,816.0504 120 Days 0 0 01 0 01 0.00 0.00 089,849.0035 0.00 089,849.0035 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 ~~246~~268 35 121 0 ~~250~~294 34,~~928~~482,~~763~~458.8391 ~~313~~427,~~281~~883.5334 892,~~880~~582,389.0523 0.00 3537,~~331~~492,~~925~~731.4148 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 2.~~686006~~970297% 0.~~040290~~040689% 0.000000% 0.000000% 23.~~726296~~010986% 2.~~353376~~317865% 0.~~025285~~027857% 0.000000% 0.000000% 2.~~378661~~345722% 60 Days 0.~~617781~~637461% 0.~~000000~~027126% 0.000000% 0.000000% 0.~~617781~~664587% 0.~~465784~~482334% 0.~~000000~~007186% 0.000000% 0.000000% 0.~~465784~~489520% 90 Days 0.~~000000~~027126% 0.000000% 0.~~013430~~271260% 0.000000% 0.~~013430~~298386% 0.~~000000~~023855% 0.000000% 0.~~007254~~204135% 0.000000% 0.~~007254~~227990% 120 Days 0.000000% 0.000000% 0.~~000000~~013563% 0.000000% 0.~~000000~~013563% 0.000000% 0.000000% 0.~~000000~~007359% 0.000000% 0.~~000000~~007359% 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 3.~~303787~~634884% 0.~~040290~~067815% 0.~~013430~~284823% 0.000000% 3.~~357507~~987522% 2.~~819160~~824054% 0.~~025285~~035043% 0.~~007254~~211493% 0.000000% 23.~~851700~~070590%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1-ARM 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 ~~165~~179 3 0 0 ~~168~~182 2019,~~795~~766,~~834~~264.4961 ~~313~~340,~~281~~140.5325 0.00 0.00 2120,~~109~~106,~~116~~404.0286 60 Days 3944 02 0 0 3946 45,~~168~~225,~~801~~484.9353 087,743.0009 0.00 0.00 45,~~168~~313,~~801~~227.9362 90 Days 01 0 117 0 118 089,747.0087 0.00 891,~~880~~736,012.0520 0.00 891,~~880~~825,760.0507 120 Days 0 0 01 0 01 0.00 0.00 089,849.0035 0.00 089,849.0035 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 ~~204~~224 35 118 0 ~~208~~247 2425,~~964~~081,~~636~~497.4201 ~~313~~427,~~281~~883.5334 891,~~880~~825,861.0555 0.00 2527,~~367~~335,~~798~~241.0090 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.~~280970~~594378% 0.~~059654~~060241% 0.000000% 0.000000% 3.~~340624~~654618% 3.~~145256~~030192% 0.~~047382~~052144% 0.000000% 0.000000% 3.~~192638~~082336% 60 Days 0.~~775502~~883534% 0.~~000000~~040161% 0.000000% 0.000000% 0.~~775502~~923695% 0.~~630508~~801073% 0.~~000000~~013451% 0.000000% 0.000000% 0.~~630508~~814524% 90 Days 0.~~000000~~020080% 0.000000% 0.~~019885~~341365% 0.000000% 0.~~019885~~361446% 0.~~000000~~013758% 0.000000% 0.~~013594~~266133% 0.000000% 0.~~013594~~279891% 120 Days 0.000000% 0.000000% 0.~~000000~~020080% 0.000000% 0.~~000000~~020080% 0.000000% 0.000000% 0.~~000000~~013774% 0.000000% 0.~~000000~~013774% 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 4.~~056472~~497992% 0.~~059654~~100402% 0.~~019885~~361446% 0.000000% 4.~~136011~~959839% 3.~~775765~~845024% 0.~~047382~~065595% 0.~~013594~~279907% 0.000000% 34.~~836741~~190526% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1-Fixed 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 913 0 0 0 913 1,~~046~~249,~~463~~675.4152 0.00 0.00 0.00 1,~~046~~249,~~463~~675.4152 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 913 0 0 0 913 1,~~046~~249,~~463~~675.4152 0.00 0.00 0.00 1,~~046~~249,~~463~~675.4152 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~965665~~399354% 0.000000% 0.000000% 0.000000% 01.~~965665~~399354% 01.~~838902~~006796% 0.000000% 0.000000% 0.000000% 01.~~838902~~006796% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~965665~~399354% 0.000000% 0.000000% 0.000000% 01.~~965665~~399354% 01.~~838902~~006796% 0.000000% 0.000000% 0.000000% 01.~~838902~~006796% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2-ARM 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 2627 0 0 0 2627 7,~~315~~285,~~509~~814.0538 0.00 0.00 0.00 7,~~315~~285,~~509~~814.0538 60 Days 73 0 0 0 73 1663,~~602,154~~943.9571 0.00 0.00 0.00 1663,~~602,154~~943.9571 90 Days 01 0 03 0 04 0201,528.0029 0.00 0756,527.0068 0.00 0958,055.0097 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 3331 0 03 0 3334 8,~~917~~151,~~664~~286.0038 0.00 0756,527.0068 0.00 8,~~917~~907,~~664~~814.0006 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~881331~~982379% 0.000000% 0.000000% 0.000000% 1.~~881331~~982379% 1.~~761019~~789426% 0.000000% 0.000000% 0.000000% 1.~~761019~~789426% 60 Days 0.~~506512~~220264% 0.000000% 0.000000% 0.000000% 0.~~506512~~220264% 0.~~385677~~163067% 0.000000% 0.000000% 0.000000% 0.~~385677~~163067% 90 Days 0.~~000000~~073421% 0.000000% 0.~~000000~~220264% 0.000000% 0.~~000000~~293686% 0.~~000000~~049496% 0.000000% 0.~~000000~~185806% 0.000000% 0.~~000000~~235302% 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 2.~~387844~~276065% 0.000000% 0.~~000000~~220264% 0.000000% 2.~~387844~~496329% 2.~~146697~~001989% 0.000000% 0.~~000000~~185806% 0.000000% 2.~~146697~~187795% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2-FIXED 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~228~~250,~~944~~833.7096

SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class R 590,241,616.84 46.99358656% ~~582~~574,~~707~~245,~~731~~200.0502 47.~~03132752~~02969095% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

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 1-ARM 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 1-Fixed 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 2-ARM 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 2-FIXED 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 120 ~~Sep~~Oct-04 0.000% Original Principal Balance 902,~~000~~502,050.00 ~~Oct~~Nov-04 0.000% Current Principal Balance 892,~~880~~492,539.0588 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 121 ~~Feb~~Mar-05 0.000% Original Principal Balance 902,~~000~~592,050.00 ~~Mar~~Apr-05 0.000% Current Principal Balance 892,~~880~~582,389.0523 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.~~000~~007% ~~Aug~~Sep-05 0.~~007~~211% *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 1-ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 117 ~~Sep~~Oct-04 0.000% Original Principal Balance 901,~~000~~742,630.00 ~~Oct~~Nov-04 0.000% Current Principal Balance 891,~~880~~736,012.0520 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 118 ~~Feb~~Mar-05 0.000% Original Principal Balance 901,~~000~~832,630.00 ~~Mar~~Apr-05 0.000% Current Principal Balance 891,~~880~~825,861.0555 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.~~000~~014% ~~Aug~~Sep-05 0.~~014~~280% *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 1-Fixed 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. Group 2-ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 03 ~~Sep~~Oct-04 0.000% Original Principal Balance 0759,420.00 ~~Oct~~Nov-04 0.000% Current Principal Balance 0756,527.0068 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 03 ~~Feb~~Mar-05 0.000% Original Principal Balance 0759,420.00 ~~Mar~~Apr-05 0.000% Current Principal Balance 0756,527.0068 ~~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~~186% *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 2-FIXED 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.

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 1-ARM 0141205732 Sep-2005 01-Jan-2005 MN 90.00 127,800.00 Group 1-ARM 0142328608 Aug-2005 01-May-2005 TX 75.00 90,000.00 Group 1-ARM 0142455104 Sep-2005 01-May-2005 IA 80.00 52,000.00 Group 1-ARM 0142808823 Sep-2005 01-Apr-2005 CA 79.17 190,000.00 Group 1-ARM 0142957695 Sep-2005 01-Apr-2005 FL 80.00 140,000.00 Group 1-ARM 0143137958 Sep-2005 01-May-2005 AK 85.00 96,050.00 Group 1-ARM 0143147882 Sep-2005 01-May-2005 IA 95.00 104,405.00 Group 1-ARM 0143172088 Sep-2005 01-May-2005 NC 89.29 100,000.00 Group 1-ARM 0143204394 Sep-2005 01-Jun-2005 AL 80.00 147,200.00 Group 1-ARM 0143277317 Sep-2005 01-May-2005 LA 80.00 52,800.00 Group 1-ARM 0143438802 Sep-2005 01-May-2005 TX 100.00 142,000.00 Group 1-ARM 0143515443 Sep-2005 01-May-2005 NC 85.00 48,025.00 Group 1-ARM 0143534063 Sep-2005 01-May-2005 TN 90.00 55,800.00 Group 1-ARM 0143760213 Sep-2005 01-Jun-2005 TN 85.00 46,750.00 Group 1-ARM 0143839835 Sep-2005 01-Jun-2005 MO 80.00 120,000.00 Group 1-ARM 0143875045 Sep-2005 01-Jun-2005 MN 70.91 117,000.00 Group 1-ARM 0143965531 Sep-2005 01-Jun-2005 MD 80.00 132,000.00 Group 1-ARM 0144081304 Sep-2005 01-Jun-2005 OH 80.00 70,800.00 Group 2-ARM 0142472646 Sep-2005 01-Apr-2005 AZ 80.00 191,920.00 Group 2-ARM 0143802544 Sep-2005 01-Jun-2005 OR 80.00 216,000.00 Group 2-ARM 0143995637 Sep-2005 01-Jun-2005 DC 95.00 351,500.00

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 1-ARM 0141205732 127,098.90 01-May-2005 3 8.625% 3,447.10 Group 1-ARM 0142328608 89,~~880~~849.0535 01-Apr-2005 4 11.375% 3,259.52 Group 1-ARM 0142455104 51,866.63 01-May-2005 3 9.375% 1,536.19 Group 1-ARM 0142808823 189,140.61 01-May-2005 3 7.500% 4,420.88 Group 1-ARM 0142957695 139,211.57 01-May-2005 3 6.375% 2,732.07 Group 1-ARM 0143137958 95,331.57 01-May-2005 3 7.750% 2,307.75 Group 1-ARM 0143147882 104,086.06 01-May-2005 3 8.750% 2,866.18 Group 1-ARM 0143172088 99,656.53 01-May-2005 3 7.950% 2,478.67 Group 1-ARM 0143204394 146,708.32 01-May-2005 3 6.950% 3,160.21 Group 1-ARM 0143277317 52,634.50 01-May-2005 3 8.950% 1,484.45 Group 1-ARM 0143438802 141,466.42 01-May-2005 3 7.500% 3,306.53 Group 1-ARM 0143515443 47,860.05 01-May-2005 3 7.950% 1,190.38 Group 1-ARM 0143534063 55,624.11 01-May-2005 3 8.375% 1,462.23 Group 1-ARM 0143760213 46,674.67 01-May-2005 3 10.500% 1,557.24 Group 1-ARM 0143839835 119,754.75 01-May-2005 3 9.375% 3,546.85 Group 1-ARM 0143875045 116,778.93 01-May-2005 3 9.750% 3,604.53 Group 1-ARM 0143965531 131,541.55 01-May-2005 3 6.750% 2,~~444~~745.9884 Group 1-ARM 0144081304 70,577.03 01-May-2005 3 7.250% 1,590.82 Group 2-ARM 0142472646 191,114.38 01-May-2005 3 7.875% 3,528.69 Group 2-ARM 0143802544 215,047.76 01-May-2005 3 5.500% 2,694.08 Group 2-ARM 0143995637 350,365.54 01-May-2005 3 7.125% 5,812.37

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 6.~~739557~~737770% Weighted Average Net Coupon 6.~~239557~~237770% Weighted Average Pass-Through Rate 6.~~239557~~237770% Weighted Average Maturity(Stepdown Calculation) ~~349~~348 Beginning Scheduled Collateral Loan Count 7,~~493~~446 Number Of Loans Paid In Full 4773 Ending Scheduled Collateral Loan Count 7,~~446~~373 Beginning Scheduled Collateral Balance 1,~~250~~238,~~581~~977,~~957~~851.8417 Ending Scheduled Collateral Balance 1,~~238~~221,~~977~~026,~~851~~947.1798 Ending Actual Collateral Balance at 2931-~~Jul~~Aug-2005 1,~~238~~221,~~977~~026,~~851~~947.1798 Monthly P&I Constant 8,~~189~~114,~~082~~152.8166 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 1,~~238~~221,~~977~~026,~~851~~947.1798 Scheduled Principal 1,~~165~~157,~~442~~529.3628 Unscheduled Principal 1016,~~438~~793,~~664~~373.3191

Group Level Collateral Statement Group Group 1-ARM Group 1-Fixed Group 2-ARM Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 6.~~932258~~932867 6.~~847080~~847510 6.~~431378~~424409 Weighted Average Net Rate 6.~~432258~~432867 6.~~347080~~347510 5.~~931378~~924409 Weighted Average Maturity ~~349~~348 ~~349~~348 ~~349~~348 Beginning Loan Count 5,~~062~~029 ~~933~~932 1,~~395~~382 Loans Paid In Full 3349 13 1320 Ending Loan Count 54,~~029~~980 ~~932~~929 1,~~382~~362 Beginning Scheduled Balance ~~667~~661,~~579~~180,~~508~~926.7415 ~~125~~124,~~103~~742,~~761~~020.6584 ~~420~~415,~~213~~413,~~605~~328.5631 Ending Scheduled Balance ~~661~~652,~~180~~310,~~926~~588.1556 124,~~742~~123,~~020~~986.8427 ~~415~~407,~~413~~159,~~328~~394.3121 Record Date 0708/2931/2005 0708/2931/2005 0708/2931/2005 Principal And Interest Constant 4,~~429~~389,~~384~~122.5211 ~~870~~869,~~520~~041.0110 2,~~646~~613,~~482~~414.1329 Scheduled Principal ~~572~~569,~~856~~222.6772 ~~156~~157,~~690~~230.4987 ~~394~~389,~~355~~426.0077 Unscheduled Principal 58,~~825~~301,~~725~~114.9287 ~~205~~460,~~050~~803.3270 47,~~405~~864,~~922~~507.2533 Scheduled Interest 3,~~856~~819,~~527~~899.8539 ~~713~~711,~~829~~810.5223 2,~~252~~223,~~127~~987.1352 Servicing Fees ~~278~~275,~~158~~492.1205 5251,~~126~~975.5784 ~~175~~173,~~089~~088.0090 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 3,~~578~~544,~~369~~407.7334 ~~661~~659,~~702~~834.9539 2,~~077~~050,~~038~~898.1362 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~432258~~432867 6.~~347080~~347510 5.~~931378~~924409

Group Level Collateral Statement Group Group 2-FIXED Total Collateral Description Mixed Fixed Fixed & Mixed ARM Weighted Average Coupon Rate 6.~~405377~~405457 6.~~739557~~737770 Weighted Average Net Rate 5.~~905376~~905456 6.~~239557~~237770 Weighted Average Maturity 347 348 ~~349~~ Beginning Loan Count 103 7,~~493~~446 Loans Paid In Full 01 4773 Ending Loan Count ~~103~~102 7,~~446~~373 Beginning Scheduled Balance 37,~~685~~641,~~081~~575.8987 1,~~250~~238,~~581~~977,~~957~~851.8417 Ending scheduled Balance 37,~~641~~432,~~575~~978.8794 1,~~238~~221,~~977~~026,~~851~~947.1798 Record Date 0708/2931/2005 0708/2931/2005 Principal And Interest Constant 242,~~696~~575.1516 8,~~189~~114,~~082~~152.8166 Scheduled Principal 41,~~540~~648.2092 1,~~165~~157,~~442~~529.3628 Unscheduled Principal 1166,~~965~~948.8201 1016,~~438~~793,~~664~~373.3191 Scheduled Interest ~~201~~200,~~155~~926.9524 76,~~023~~956,~~640~~623.4538 Servicing Fees 15,~~702~~684.1300 ~~521~~516,~~075~~240.8279 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 185,~~453~~242.8224 6,~~502~~440,~~564~~382.6359 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.~~905377~~905457 6.~~239557~~237770

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 1-ARM 3349 58,~~803~~295,~~450~~385.00 58,~~788~~269,~~894~~247.2371 0 0.00 0.00 Group 1-Fixed 13 ~~191~~444,~~250~~200.00 ~~190~~442,~~802~~839.2395 0 0.00 0.00 Group 2-ARM 1320 47,~~627~~872,~~123~~942.00 47,~~391~~847,~~977~~229.2486 0 0.00 0.00 Group 2-FIXED 01 0163,000.00 0162,523.0057 0 0.00 0.00 Total 4773 1016,~~621~~775,~~823~~527.00 1016,~~371~~721,~~673~~841.7009 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 1-ARM 0 0.00 0.00 0 0.00 0.00 3631,~~831~~867.6916 Group 1-Fixed 0 0.00 0.00 0 0.00 0.00 1417,~~248~~963.0975 Group 2-ARM 0 0.00 0.00 0 0.00 0.00 1317,~~945~~277.0147 Group 2-FIXED 0 0.00 0.00 0 0.00 0.00 14,~~965~~424.8244 Total 0 0.00 0.00 0 0.00 0.00 6671,~~990~~532.6182

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1-ARM ~~0134827518~~0135392546 VAFL 7595.9000 01-~~Jun~~May-2005 ~~126~~125,~~000~~946.00 125,~~348~~568.6757 Group 1-ARM ~~0139437776~~0141060848 MDNM ~~100~~85.00 01-~~Apr~~May-2005 90123,~~000~~377.00 89123,~~795~~124.8984 Group 1-ARM ~~0141745547~~0142017656 MDOH 4890.1900 01-May-2005 ~~200~~59,~~000~~400.00 ~~199~~59,~~562~~261.76 Group 1-ARM 0142081918 IL 66.90 01-Mar-2005 97,000.00 96,453.71 Group 1-ARM ~~0141978924~~0142450063 MD 90.00 01-~~Apr~~May-2005 ~~257~~292,~~400~~500.00 ~~256~~291,~~461~~298.6133 Group 1-ARM ~~0142643832~~0142569029 KYVA 63100.2900 01-May-2005 ~~125~~140,000.00 ~~124~~139,~~696~~629.5393 Group 1-ARM ~~0142662709~~0142709245 CAAZ 7595.00 01-Apr-2005 ~~288~~197,~~750~~600.00 ~~287~~196,~~671~~770.6624 Group 1-ARM ~~0142719632~~0142730092 CA 7290.8400 01-May-2005 ~~295~~255,600.00 254,524.83 Group 1-ARM 0142891779 IN 99.89 01-May-2005 84,900.00 84,730.95 Group 1-ARM 0142894625 FL 90.00 01-Apr-2005 122,400.00 122,086.04 Group 1-ARM 0142896893 CA 50.78 01-Jun-2005 292,000.00 ~~293~~291,~~980~~270.4063 Group 1-ARM ~~0142745694~~0142910025 MICO 7085.00 01-May-2005 89280,~~600~~500.00 89279,~~399~~720.2521 Group 1-ARM ~~0142806629~~0142939875 MDIN 7585.5700 01-May-2005 ~~266~~117,~~000~~300.00 ~~265~~116,~~389~~973.0489 Group 1-ARM ~~0142837822~~0142945203 AZ 80.00 01-~~Apr~~May-2005 45133,600.00 45133,~~491~~333.1297 Group 1-ARM ~~0142903509~~0142949643 MALA 8374.0586 01-May-2005 ~~196~~130,~~000~~250.00 ~~195~~129,~~452~~648.4943 Group 1-ARM ~~0142951722~~0142973494 FLNV 9080.00 01-May-2005 ~~216~~202,~~000~~400.00 ~~215~~201,~~336~~878.0737 Group 1-ARM ~~0143004307~~0143071454 WACA 6546.5732 01-~~Apr~~May-2005 ~~120~~132,000.00 ~~119~~131,~~540~~684.9587 Group 1-ARM ~~0143072759~~0143096048 AZ 90.00 01-Jun-2005 202,500.00 201,953.75 Group 1-ARM 0143100394 MD 9570.00 01-May-2005 ~~171~~136,500.00 136,039.15 Group 1-ARM 0143103018 CA 78.73 01-May-2005 248,000.00 ~~170~~246,~~678~~878.9062 Group 1-ARM ~~0143133593~~0143114775 MIGA 9085.00 01-May-2005 ~~135~~259,~~900~~250.00 ~~135~~258,~~703~~598.1065 Group 1-ARM ~~0143147221~~0143125268 AZNV 8085.00 01-~~May~~Jun-2005 ~~112~~272,000.00 ~~111~~271,~~784~~037.2686 Group 1-ARM ~~0143179695~~0143157972 CANJ 100.00 01-May-2005 78,900.4100 78,706.74 Group 1-ARM 0143165108 DC 45.24 01-May-2005 ~~345~~190,000.00 ~~343~~188,~~835~~873.0035 Group 1-ARM ~~0143187813~~0143204899 IL 6285.0400 01-May-2005 ~~134~~149,~~000~~600.00 ~~133~~149,~~634~~260.5977 Group 1-ARM ~~0143313674~~0143216679 GACA 8694.7763 01-May-2005 ~~164~~194,000.00 ~~163~~193,~~573~~292.9973 Group 1-ARM ~~0143412799~~0143299972 CA 7074.4585 01-~~Jun~~May-2005 ~~310~~247,000.00 ~~309~~246,~~366~~166.3357 Group 1-ARM ~~0143434066~~0143313153 VAMD 9580.00 01-May-2005 ~~210~~195,~~900~~200.00 ~~210~~194,~~365~~665.3943 Group 1-ARM ~~0143512085~~0143353746 AZ 6979.0001 01-Jun-2005 ~~138~~128,000.00 ~~137~~127,~~804~~667.5751 Group 1-ARM ~~0143543486~~0143419091 TXNV 6268.5042 01-~~Jun~~May-2005 ~~250~~260,000.00 ~~249~~259,~~578~~329.7293 Group 1-ARM ~~0143561512~~0143447472 MIAL 7675.3300 01-~~Jun~~May-2005 ~~314~~228,~~500~~750.00 ~~313~~227,~~977~~717.7977 Group 1-ARM ~~0143577401~~0143450732 CAAZ 90.00 01-~~May~~Jun-2005 ~~303~~141,~~300~~702.00 ~~302~~141,~~191~~455.9960 Group 1-ARM ~~0143595973~~0143457158 NVGA 85.00 01-~~Jun~~May-2005 81165,~~600~~750.00 81165,~~526~~379.7293 Group 1-ARM ~~0143598266~~0143469898 FLMI 8575.00 01-Jun-2005 ~~174~~131,250.00 ~~174~~130,~~038~~874.44 Group 1-ARM 0143594703 AZ 48.11 01-May-2005 216,500.00 215,623.11 Group 1-ARM ~~0143607471~~0143625499 MATN 7480.6400 01-Jun-2005 ~~157~~45,360.00 45,250.53 Group 1-ARM 0143653962 NJ 45.69 01-Jun-2005 116,500.00 ~~157~~116,~~352~~238.4498 Group 1-ARM ~~0143740413~~0143658185 NVCA 6067.24 01-Jun-2005 195,000.00 194,244.51 Group 1-ARM 0143680742 NJ 83.79 01-Jun-2005 ~~102~~238,~~540~~800.00 ~~102~~238,~~414~~179.6269 Group 1-ARM ~~0143754638~~0143727188 MSNM 5695.5200 01-Jun-2005 65,~~000~~550.00 6465,~~869~~444.54 Group 1-ARM 0143779502 NJ 95.00 01-Jun-2005 129,200.00 128,821.33 Group 1-ARM ~~0143950202~~0143795813 FL 7557.00 01-Jun-2005 ~~125~~91,~~110~~200.00 ~~124~~91,~~893~~045.9447 Group 1-ARM ~~0144052586~~0143914224 TXMN 7969.7830 01-Jun-2005 ~~108~~149,~~500~~000.00 ~~108~~148,~~364~~743.6534 Group 1-ARM ~~0144071156~~0143929511 NCCA 7360.9126 01-Jun-2005 235,000.00 234,046.86 Group 1-ARM 0143996429 GA 80.00 01-Jun-2005 112,000.00 111,655.72 Group 1-ARM 0144015435 MD 80.00 01-Jun-2005 348,000.00 347,096.04 Group 1-ARM 0144022431 MD 68.62 01-Jul-2005 144,100.00 143,895.92 Group 1-ARM 0144171055 AZ 100.00 01-Jun-2005 124,000.00 123,767.17 Group 1-ARM 0144178423 ID 53.85 01-Jun-2005 70,000.00 8469,~~813~~336.4813 Group 1-Fixed ~~0143432516~~0143323681 RICA 8567.80 01-Jun-2005 200,000.00 199,385.27 Group 1-Fixed 0143490241 VA 73.14 01-May-2005 128,000.00 127,606.79 Group 1-Fixed 0143979961 AZ 72.63 01-Jun-2005 ~~191~~116,~~250~~200.00 ~~190~~115,~~802~~847.2389 Group 2-ARM ~~0140404195~~0140554049 OHNV 89.85 01-May-2005 330,948.00 329,682.07 Group 2-ARM 0140727959 CA 80.00 01-~~Dec~~Apr-~~2004~~2005 ~~399~~231,~~925~~395.00 ~~397~~230,~~437~~267.4558 Group 2-ARM ~~0141064063~~0142526672 NYCA 9575.00 01-~~Apr~~May-2005 ~~441~~738,750.00 ~~217~~735,~~269~~757.3788 Group 2-ARM ~~0141839647~~0143108785 OHVA 9088.0091 01-May-2005 ~~216~~385,~~823~~000.00 ~~216~~383,~~426~~695.1204 Group 2-ARM ~~0142785096~~0143135036 NMFL 80.00 01-~~Apr~~May-2005 ~~251~~159,~~100~~920.00 ~~250~~159,~~184~~599.5923 Group 2-ARM ~~0142808039~~0143146058 AZLA ~~100~~90.00 01-~~Apr~~May-2005 ~~198~~210,~~000~~600.00 ~~197~~210,~~502~~158.5318 Group 2-ARM ~~0142977032~~0143197515 AZ ~~100~~80.00 01-May-2005 ~~342~~256,~~772~~217.00 ~~342~~255,~~022~~305.9925 Group 2-ARM ~~0142994995~~0143229557 CA 9590.00 01-May-2005 ~~327~~405,~~151~~000.00 ~~326~~403,~~334~~255.1190 Group 2-ARM ~~0143241149~~0143259646 WANJ 84.21 01-May-2005 400,000.00 399,203.60 Group 2-ARM 0143271237 MD 80.00 01-May-2005 ~~183~~255,~~560~~200.00 ~~183~~254,~~059~~269.4564 Group 2-ARM ~~0143455715~~0143281848 CA 9080.00 01-May-2005 ~~427~~347,~~500~~200.00 ~~426~~345,~~305~~637.8173 Group 2-ARM ~~0143821841~~0143283687 CAMD 80.00 01-~~Jun~~May-2005 ~~282~~169,~~236~~520.00 ~~281~~168,~~699~~789.95 Group 2-ARM 0143470979 MD 80.00 01-May-2005 559,200.00 557,304.59 Group 2-ARM ~~0143832129~~0143473601 VA 78.53 01-Jun-2005 750,000.00 747,694.75 Group 2-ARM 0143527513 CA 83.13 01-May-2005 565,250.00 563,238.59 Group 2-ARM 0143585891 CA 80.00 01-Jun-2005 ~~557~~224,~~956~~000.00 ~~557~~223,~~060~~522.9563 Group 2-ARM ~~0144200516~~0143810182 MDCA 8590.00 01-Jun-2005 ~~454~~378,~~750~~000.00 ~~453~~377,~~925~~174.5700 Group 2-ARM ~~0144310182~~0143876852 CA 95.00 01-Jun-2005 513,000.00 511,667.48 Group 2-ARM 0143951614 FL 90.00 01-Jun-2005 ~~543~~668,~~600~~250.00 ~~542~~666,~~749~~514.3022 Group 2-ARM 0144241072 CA 75.00 01-Jun-2005 325,492.00 324,491.55 Group 2-FIXED 0142909514 VA 56.79 01-May-2005 163,000.00 162,523.57

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1-ARM ~~0134827518~~0135392546 Loan Paid in Full 0 67.500% 360 4 Group 1-ARM 0141060848 Loan Paid in Full 1 9.375% 360 4 Group 1-ARM 0142017656 Loan Paid in Full 1 8.750% 360 24 Group 1-ARM ~~0139437776~~0142081918 Loan Paid in Full 0 86.375% 360 6 Group 1-ARM 0142450063 Loan Paid in Full 0 5.875% 360 4 Group 1-ARM ~~0141745547~~0142569029 Loan Paid in Full 0 78.~~625~~125% 360 34 Group 1-ARM ~~0141978924~~0142709245 Loan Paid in Full 0 6.950% 360 5 Group 1-ARM 0142730092 Loan Paid in Full 0 5.750% 360 4 Group 1-ARM 0142891779 Loan Paid in Full 0 9.500% 360 4 Group 1-ARM ~~0142643832~~0142894625 Loan Paid in Full 0 79.~~125~~375% 360 35 Group 1-ARM ~~0142662709~~0142896893 Loan Paid in Full 0 6.~~375~~950% 360 3 Group 1-ARM 0142910025 Loan Paid in Full 0 7.875% 360 4 Group 1-ARM ~~0142719632~~0142939875 Loan Paid in Full 0 7.875% 360 4 Group 1-ARM 0142945203 Loan Paid in Full 0 9.500% 360 4 Group 1-ARM 0142949643 Loan Paid in Full 1 5.250% 360 34 Group 1-ARM ~~0142745694~~0142973494 Loan Paid in Full 0 8.250% 360 4 Group 1-ARM 70143071454 Loan Paid in Full 0 8.~~500~~625% 360 4 Group 1-ARM 0143096048 Loan Paid in Full 1 6.750% 360 3 Group 1-ARM ~~0142806629~~0143100394 Loan Paid in Full 0 7.~~375~~125% 360 34 Group 1-ARM ~~0142837822~~0143103018 Loan Paid in Full 0 85.~~625~~750% 360 4 Group 1-ARM ~~0142903509~~0143114775 Loan Paid in Full 0 68.375% 360 34 Group 1-ARM ~~0142951722~~0143125268 Loan Paid in Full 0 5.~~875~~125% 360 3 Group 1-ARM ~~0143004307~~0143157972 Loan Paid in Full (1) 8.500% 360 4 Group 1-ARM 0143165108 Loan Paid in Full 0 65.250% 360 4 Group 1-ARM ~~0143072759~~0143204899 Loan Paid in Full 0 8.875% 360 4 Group 1-ARM 0143216679 Loan Paid in Full 0 6.500% 360 4 Group 1-ARM 0143299972 Loan Paid in Full 2 7.375% 360 34 Group 1-ARM ~~0143133593~~0143313153 Loan Paid in Full 0 97.~~625~~950% 360 34 Group 1-ARM ~~0143147221~~0143353746 Loan Paid in Full 0 6.750% 360 3 Group 1-ARM 0143419091 Loan Paid in Full 1 8.250% 360 34 Group 1-ARM ~~0143179695~~0143447472 Loan Paid in Full 0 5.375% 360 34 Group 1-ARM ~~0143187813~~0143450732 Loan Paid in Full 0 68.~~500~~750% 360 3 Group 1-ARM ~~0143313674~~0143457158 Loan Paid in Full 0 8.950% 360 4 Group 1-ARM 0143469898 Loan Paid in Full 0 6.~~750~~250% 360 3 Group 1-ARM ~~0143412799~~0143594703 Loan Paid in Full 0 5.~~875~~950% 360 24 Group 1-ARM ~~0143434066~~0143625499 Loan Paid in Full 0 67.~~875~~125% 360 3 Group 1-ARM ~~0143512085~~0143653962 Loan Paid in Full 10 7.~~750~~500% 360 23 Group 1-ARM ~~0143543486~~0143658185 Loan Paid in Full 0 64.875% 360 23 Group 1-ARM ~~0143561512~~0143680742 Loan Paid in Full 0 6.~~950~~750% 360 23 Group 1-ARM ~~0143577401~~0143727188 Loan Paid in Full 0 49.~~950~~125% 360 3 Group 1-ARM ~~0143595973~~0143779502 Loan Paid in Full 0(1) 96.~~950~~125% 360 23 Group 1-ARM ~~0143598266~~0143795813 Loan Paid in Full 0 8.~~500~~875% 360 23 Group 1-ARM ~~0143607471~~0143914224 Loan Paid in Full 10 98.~~750~~875% 360 23 Group 1-ARM ~~0143740413~~0143929511 Loan Paid in Full 0 84.~~500~~375% 360 23 Group 1-ARM ~~0143754638~~0143996429 Loan Paid in Full 0 5.~~950~~875% 360 23 Group 1-ARM ~~0143950202~~0144015435 Loan Paid in Full 0 6.750% 360 23 Group 1-ARM ~~0144052586~~0144022431 Loan Paid in Full 0 7.750% 360 3 Group 1-ARM 0144171055 Loan Paid in Full 0 8.375% 360 23 Group 1-ARM ~~0144071156~~0144178423 Loan Paid in Full 0 7.375% 360 3 Group 1-Fixed 0143323681 Loan Paid in Full 0 5.~~500~~875% 360 23 Group 1-Fixed ~~0143432516~~0143490241 Loan Paid in Full 1 7.375% 360 4 Group 1-Fixed 0143979961 Loan Paid in Full 1 5.950% 360 3 Group 2-ARM 0140554049 Loan Paid in Full 0 6.~~625~~250% 360 4 Group 2-ARM 0140727959 Loan Paid in Full 0 6.250% 360 5 Group 2-ARM ~~0140404195~~0142526672 Loan Paid in Full 0 75.~~375~~950% 360 84 Group 2-ARM ~~0141064063~~0143108785 Loan Paid in Full 0 76.875% 360 4 Group 2-ARM ~~0141839647~~0143135036 Loan Paid in Full 0 810.~~500~~750% 360 34 Group 2-ARM ~~0142785096~~0143146058 Loan Paid in Full 0 69.~~500~~250% 360 4 Group 2-ARM ~~0142808039~~0143197515 Loan Paid in Full 0 86.~~375~~625% 360 4 Group 2-ARM ~~0142977032~~0143229557 Loan Paid in Full 0 75.625% 360 34 Group 2-ARM ~~0142994995~~0143259646 Loan Paid in Full 0 79.~~125~~500% 360 34 Group 2-ARM ~~0143241149~~0143271237 Loan Paid in Full 0 6.500% 360 34 Group 2-ARM ~~0143455715~~0143281848 Loan Paid in Full 0 5.750% 360 4 Group 2-ARM 0143283687 Loan Paid in Full 0 5.625% 360 4 Group 2-ARM 0143470979 Loan Paid in Full 0 6.~~375~~875% 360 4 Group 2-ARM 0143473601 Loan Paid in Full 0 5.875% 360 3 Group 2-ARM ~~0143821841~~0143527513 Loan Paid in Full 0 6.~~250~~625% 360 24 Group 2-ARM ~~0143832129~~0143585891 Loan Paid in Full 1 7.~~125~~750% 360 3 Group 2-ARM 0143810182 Loan Paid in Full 0 7.625% 360 3 Group 2-ARM ~~0144200516~~0143876852 Loan Paid in Full 0 6.~~500~~750% 360 3 Group 2-ARM 0143951614 Loan Paid in Full 0 6.750% 360 3 Group 2-ARM ~~0144310182~~0144241072 Loan Paid in Full ~~(1)~~0 75.~~250~~875% 360 3 Group 2-FIXED 0142909514 Loan Paid in Full 0 7.625% 360 4

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 01.~~835~~357% Current Month 915.~~578~~119% Current Month 12,~~850~~107.~~921~~882% 3 Month Average 0.~~000~~844% 3 Month Average 09.~~000~~563% 3 Month Average 01,738.~~000~~060% 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 3.993% N/A Jul-2005 1,255.377% N/A Aug-2005 9.578% N/A Aug-2005 1,850.921% N/A Sep-2005 15.119% N/A Sep-2005 2,107.882% 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. Group 1-ARM SMM CPR PSA Current Month 01.~~873~~257% Current Month 914.~~992~~079% Current Month 1,~~929~~961.~~463~~867% 3 Month Average 0.~~000~~794% 3 Month Average 09.~~000~~018% 3 Month Average 01,611.~~000~~510% 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 2.982% N/A Jul-2005 943.201% N/A Aug-2005 9.992% N/A Aug-2005 1,929.463% N/A Sep-2005 14.079% N/A Sep-2005 1,961.867% 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. Group 1-Fixed SMM CPR PSA Current Month 0.~~164~~370% Current Month 14.~~952~~349% Current Month ~~386~~616.~~045~~292% 3 Month Average 0.~~000~~341% 3 Month Average 04.~~000~~005% 3 Month Average 0927.~~000~~068% 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 5.715% N/A Jul-2005 1,778.867% N/A Aug-2005 1.952% N/A Aug-2005 386.045% N/A Sep-2005 4.349% N/A Sep-2005 616.292% 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. Group 2-ARM SMM CPR PSA Current Month 1.~~049~~895% Current Month 1120.~~892~~513% Current Month 2,~~293~~855.~~205~~852% 3 Month Average 0.~~000~~981% 3 Month Average 010.~~000~~802% 3 Month Average 01,716.~~000~~352% 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 N/A N/A Jul-2005 N/A N/A Aug-2005 11.892% N/A Aug-2005 2,293.205% N/A Sep-2005 20.513% N/A Sep-2005 2,855.852% 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. Group 2-FIXED SMM CPR PSA Current Month 0.~~005~~444% Current Month 05.~~063~~200% Current Month 11705.~~652~~204% 3 Month Average 0.~~000~~150% 3 Month Average 01.~~000~~754% 3 Month Average 0238.~~000~~952% 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 N/A N/A Jul-2005 N/A N/A Aug-2005 0.063% N/A Aug-2005 11.652% N/A Sep-2005 5.200% N/A Sep-2005 705.204% 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. Group 1-ARM 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. Group 1-Fixed 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. Group 2-ARM 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 N/A N/A Jul-2005 N/A 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 N/A 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. Group 2-FIXED 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 N/A N/A Jul-2005 N/A 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 N/A 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 · Wells Fargo Home Equity Asset-Backed Securities 2005-1 Trust