8-K 1 bsa05sd2_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 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2005-SD2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-35 Pooling and Servicing Agreement) (Commission 54-2173190 (State or other File Number) 54-2173191 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 26, 2005 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2005-SD2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-SD2 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2005-SD2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator 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 Certificates, Series 2005-SD2 Trust, relating to the September 26, 2005 distribution. EX-99.1

Bear Stearns Asset Backed Securities Asset Backed Certificates Record Date: 78/2931/2005 Distribution Date: 89/2526/2005 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2005-SD2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution I-A-1 073877BF8 SEN 3.~~66000~~84125% 2524,~~524~~165,~~547~~491.7851 8082,~~444~~511.8773 I-A-2 073877BG6 SEN 34.~~93000~~11125% 20,784,000.00 7075,~~336~~953.5297 I-A-3 073877BH4 SEN 34.~~86000~~04125% ~~115~~112,~~401~~014,~~571~~783.5263 ~~383~~402,~~582~~381.0099 I-M-1 073877BJ0 MEZ 4.~~11000~~29125% 10,171,000.00 3538,~~996~~796.8671 I-M-2 073877BK7 MEZ 4.~~46000~~64125% 3,423,000.00 1314,~~146~~121.2278 I-M-3 073877BL5 MEZ 4.~~61000~~79125% 1,956,000.00 78,~~764~~330.7839 I-M-4 073877BM3 MEZ 45.~~96000~~14125% 1,956,000.00 8,~~354~~938.2992 I-M-5 073877BN1 MEZ 6.~~36000~~54125% 1,956,000.00 1011,~~712~~373.3605 I-M-6 073877BP6 MEZ 6.~~36000~~54125% 978,000.00 5,~~356~~686.1853 I-B 073877BW1 SUB 6.~~36000~~54125% 2,934,000.00 1617,~~068~~059.5458 II-A-1 073877BQ4 SEN 3.~~79000~~97125% ~~130~~125,~~848~~358,~~041~~276.3143 ~~427~~442,~~037~~514.1272 II-A-2 073877BR2 SEN 34.~~94000~~12125% 1413,~~538~~928,~~871~~888.1790 4951,~~327~~026.16 II-M-1 073877BS0 MEZ 4.~~11000~~29125% 11,529,000.00 4043,~~803~~976.0573 II-M-2 073877BT8 MEZ 4.~~46000~~64125% 5,905,000.00 2224,~~678~~361.4841 II-M-3 073877BU5 MEZ 56.~~96000~~14125% 5,717,000.00 2931,~~340~~208.9147 II-B 073877BV3 SUB 56.~~96000~~14125% 1,125,000.00 56,~~773~~141.7525 I-B-IO 073877BY7 IO 0.00000% 0.00 0.00 II-B-IO 073877BZ4 IO 0.00000% 0.00 0.00 R 073877BX9 R 0.00000% 0.00 0.00 Totals ~~354~~343,~~747~~901,~~031~~440.7847 1,~~206~~264,~~723~~383.0939

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 1,~~359~~260,~~056~~867.2703 0.00 2422,~~165~~904,~~491~~624.5148 1,~~439~~343,~~501~~378.1476 0.00 I-A-2 0.00 0.00 20,784,000.00 7075,~~336~~953.5297 0.00 I-A-3 3,~~386~~142,~~787~~098.8990 0.00 ~~112~~108,~~014~~872,~~783~~684.6373 3,~~770~~544,~~369~~480.89 0.00 I-M-1 0.00 0.00 10,171,000.00 3538,~~996~~796.8671 0.00 I-M-2 0.00 0.00 3,423,000.00 1314,~~146~~121.2278 0.00 I-M-3 0.00 0.00 1,956,000.00 78,~~764~~330.7839 0.00 I-M-4 0.00 0.00 1,956,000.00 8,~~354~~938.2992 0.00 I-M-5 0.00 0.00 1,956,000.00 1011,~~712~~373.3605 0.00 I-M-6 0.00 0.00 978,000.00 5,~~356~~686.1853 0.00 I-B 0.00 0.00 2,934,000.00 1617,~~068~~059.5458 0.00 II-A-1 56,~~489~~657,~~764~~921.8981 0.00 ~~125~~118,~~358~~700,~~276~~354.4362 57,~~916~~100,~~802~~436.0153 0.00 II-A-2 ~~609~~739,~~982~~779.26 0.00 13,~~928~~189,~~888~~109.9064 ~~659~~790,~~309~~805.42 0.00 II-M-1 0.00 0.00 11,529,000.00 4043,~~803~~976.0573 0.00 II-M-2 0.00 0.00 5,905,000.00 2224,~~678~~361.4841 0.00 II-M-3 0.00 0.00 5,717,000.00 2931,~~340~~208.9147 0.00 II-B 0.00 0.00 1,125,000.00 56,~~773~~141.7525 0.00 I-B-IO 0.00 0.00 0.00 0.00 0.00 II-B-IO 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 1011,~~845~~800,~~591~~667.3100 0.00 ~~343~~332,~~901~~100,~~440~~773.47 1213,~~052~~065,~~314~~050.4039 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 28,117,000.00 2524,~~524~~165,~~547~~491.7851 0.00 1,~~359~~260,~~056~~867.2703 0.00 0.00 I-A-2 20,784,000.00 20,784,000.00 0.00 0.00 0.00 0.00 I-A-3 121,862,000.00 ~~115~~112,~~401~~014,~~571~~783.5263 0.00 3,~~386~~142,~~787~~098.8990 0.00 0.00 I-M-1 10,171,000.00 10,171,000.00 0.00 0.00 0.00 0.00 I-M-2 3,423,000.00 3,423,000.00 0.00 0.00 0.00 0.00 I-M-3 1,956,000.00 1,956,000.00 0.00 0.00 0.00 0.00 I-M-4 1,956,000.00 1,956,000.00 0.00 0.00 0.00 0.00 I-M-5 1,956,000.00 1,956,000.00 0.00 0.00 0.00 0.00 I-M-6 978,000.00 978,000.00 0.00 0.00 0.00 0.00 I-B 2,934,000.00 2,934,000.00 0.00 0.00 0.00 0.00 II-A-1 144,250,000.00 ~~130~~125,~~848~~358,~~041~~276.3143 0.00 56,~~489~~657,~~764~~921.8981 0.00 0.00 II-A-2 16,028,000.00 1413,~~538~~928,~~871~~888.1790 0.00 ~~609~~739,~~982~~779.26 0.00 0.00 II-M-1 11,529,000.00 11,529,000.00 0.00 0.00 0.00 0.00 II-M-2 5,905,000.00 5,905,000.00 0.00 0.00 0.00 0.00 II-M-3 5,717,000.00 5,717,000.00 0.00 0.00 0.00 0.00 II-B 1,125,000.00 1,125,000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 378,691,000.00 ~~354~~343,~~747~~901,~~031~~440.7847 0.00 1011,~~845~~800,~~591~~667.3100 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 1,~~359~~260,~~056~~867.2703 2422,~~165~~904,~~491~~624.5148 0.~~85946195~~81461836 1,~~359~~260,~~056~~867.2703 I-A-2 0.00 20,784,000.00 1.00000000 0.00 I-A-3 3,~~386~~142,~~787~~098.8990 ~~112~~108,~~014~~872,~~783~~684.6373 0.~~91919371~~89340963 3,~~386~~142,~~787~~098.8990 I-M-1 0.00 10,171,000.00 1.00000000 0.00 I-M-2 0.00 3,423,000.00 1.00000000 0.00 I-M-3 0.00 1,956,000.00 1.00000000 0.00 I-M-4 0.00 1,956,000.00 1.00000000 0.00 I-M-5 0.00 1,956,000.00 1.00000000 0.00 I-M-6 0.00 978,000.00 1.00000000 0.00 I-B 0.00 2,934,000.00 1.00000000 0.00 II-A-1 56,~~489~~657,~~764~~921.8981 ~~125~~118,~~358~~700,~~276~~354.4362 0.~~86903485~~82287941 56,~~489~~657,~~764~~921.8981 II-A-2 ~~609~~739,~~982~~779.26 13,~~928~~189,~~888~~109.9064 0.~~86903475~~82287931 ~~609~~739,~~982~~779.26 II-M-1 0.00 11,529,000.00 1.00000000 0.00 II-M-2 0.00 5,905,000.00 1.00000000 0.00 II-M-3 0.00 5,717,000.00 1.00000000 0.00 II-B 0.00 1,125,000.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1011,~~845~~800,~~591~~667.3100 ~~343~~332,~~901~~100,~~440~~773.47 0.~~90813207~~87697034 1011,~~845~~800,~~591~~667.3100

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 28,117,000.00 ~~907~~859.~~79769463~~46194509 0.00000000 4844.~~33574955~~84358324 0.00000000 I-A-2 20,784,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-3 121,862,000.00 ~~946~~919.~~98570120~~19370788 0.00000000 2725.~~79199332~~78407461 0.00000000 I-M-1 10,171,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-2 3,423,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-3 1,956,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-4 1,956,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-5 1,956,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-6 978,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B 2,934,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-A-1 144,250,000.00 ~~907~~869.~~09214080~~03484527 0.00000000 3846.~~05729560~~15543716 0.00000000 II-A-2 16,028,000.00 ~~907~~869.~~09203706~~03474545 0.00000000 3846.~~05729099~~15543174 0.00000000 II-M-1 11,529,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-M-2 5,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-M-3 5,717,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-B 1,125,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 4844.~~33574955~~84358324 ~~859~~814.~~46194509~~61836185 0.~~85946195~~81461836 4844.~~33574955~~84358324 I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-3 0.00000000 2725.~~79199332~~78407461 ~~919~~893.~~19370788~~40963327 0.~~91919371~~89340963 2725.~~79199332~~78407461 I-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-A-1 0.00000000 3846.~~05729560~~15543716 ~~869~~822.~~03484527~~87940811 0.~~86903485~~82287941 3846.~~05729560~~15543716 II-A-2 0.00000000 3846.~~05729099~~15543174 ~~869~~822.~~03474545~~87931370 0.~~86903475~~82287931 3846.~~05729099~~15543174 II-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 28,117,000.00 3.~~66000~~84125% 2524,~~524~~165,~~547~~491.7851 8082,~~444~~511.8773 0.00 0.00 I-A-2 20,784,000.00 34.~~93000~~11125% 20,784,000.00 7075,~~336~~953.5297 0.00 0.00 I-A-3 121,862,000.00 34.~~86000~~04125% ~~115~~112,~~401~~014,~~571~~783.5263 ~~383~~402,~~582~~381.0099 0.00 0.00 I-M-1 10,171,000.00 4.~~11000~~29125% 10,171,000.00 3538,~~996~~796.8671 0.00 0.00 I-M-2 3,423,000.00 4.~~46000~~64125% 3,423,000.00 1314,~~146~~121.2278 0.00 0.00 I-M-3 1,956,000.00 4.~~61000~~79125% 1,956,000.00 78,~~764~~330.7839 0.00 0.00 I-M-4 1,956,000.00 45.~~96000~~14125% 1,956,000.00 8,~~354~~938.2992 0.00 0.00 I-M-5 1,956,000.00 6.~~36000~~54125% 1,956,000.00 1011,~~712~~373.3605 0.00 0.00 I-M-6 978,000.00 6.~~36000~~54125% 978,000.00 5,~~356~~686.1853 0.00 0.00 I-B 2,934,000.00 6.~~36000~~54125% 2,934,000.00 1617,~~068~~059.5458 0.00 0.00 II-A-1 144,250,000.00 3.~~79000~~97125% ~~130~~125,~~848~~358,~~041~~276.3143 ~~427~~442,~~037~~514.1272 0.00 0.00 II-A-2 16,028,000.00 34.~~94000~~12125% 1413,~~538~~928,~~871~~888.1790 4951,~~327~~026.16 0.00 0.00 II-M-1 11,529,000.00 4.~~11000~~29125% 11,529,000.00 4043,~~803~~976.0573 0.00 0.00 II-M-2 5,905,000.00 4.~~46000~~64125% 5,905,000.00 2224,~~678~~361.4841 0.00 0.00 II-M-3 5,717,000.00 56.~~96000~~14125% 5,717,000.00 2931,~~340~~208.9147 0.00 0.00 II-B 1,125,000.00 56.~~96000~~14125% 1,125,000.00 56,~~773~~141.7525 0.00 0.00 I-B-IO 0.00 0.00000% ~~187~~182,~~341~~931,~~130~~342.3967 0.00 0.00 0.00 II-B-IO 0.00 0.00000% ~~173~~167,~~208~~369,~~033~~250.0244 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 378,691,000.00 1,~~206~~264,~~723~~383.0939 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 8082,~~444~~511.8773 0.00 2422,~~165~~904,~~491~~624.5148 I-A-2 0.00 0.00 7075,~~336~~953.5297 0.00 20,784,000.00 I-A-3 0.00 0.00 ~~383~~402,~~582~~381.0099 0.00 ~~112~~108,~~014~~872,~~783~~684.6373 I-M-1 0.00 0.00 3538,~~996~~796.8671 0.00 10,171,000.00 I-M-2 0.00 0.00 1314,~~146~~121.2278 0.00 3,423,000.00 I-M-3 0.00 0.00 78,~~764~~330.7839 0.00 1,956,000.00 I-M-4 0.00 0.00 8,~~354~~938.2992 0.00 1,956,000.00 I-M-5 0.00 0.00 1011,~~712~~373.3605 0.00 1,956,000.00 I-M-6 0.00 0.00 5,~~356~~686.1853 0.00 978,000.00 I-B 0.00 0.00 1617,~~068~~059.5458 0.00 2,934,000.00 II-A-1 0.00 0.00 ~~427~~442,~~037~~514.1272 0.00 ~~125~~118,~~358~~700,~~276~~354.4362 II-A-2 0.00 0.00 4951,~~327~~026.16 0.00 13,~~928~~189,~~888~~109.9064 II-M-1 0.00 0.00 4043,~~803~~976.0573 0.00 11,529,000.00 II-M-2 0.00 0.00 2224,~~678~~361.4841 0.00 5,905,000.00 II-M-3 0.00 0.00 2931,~~340~~208.9147 0.00 5,717,000.00 II-B 0.00 0.00 56,~~773~~141.7525 0.00 1,125,000.00 I-B-IO 0.00 0.00 0.00 0.00 ~~182~~178,~~931~~809,~~342~~749.6764 II-B-IO 0.00 0.00 0.00 0.00 ~~167~~160,~~369~~184,~~250~~270.4474 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~206~~264,~~723~~383.0939 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 28,117,000.00 3.~~66000~~84125% ~~907~~859.~~79769463~~46194509 2.~~86107586~~93458513 0.00000000 0.00000000 I-A-2 20,784,000.00 34.~~93000~~11125% 1000.00000000 3.~~38416667~~65444428 0.00000000 0.00000000 I-A-3 121,862,000.00 34.~~86000~~04125% ~~946~~919.~~98570120~~19370788 3.~~14767524~~30194802 0.00000000 0.00000000 I-M-1 10,171,000.00 4.~~11000~~29125% 1000.00000000 3.~~53916626~~81444401 0.00000000 0.00000000 I-M-2 3,423,000.00 4.~~46000~~64125% 1000.00000000 34.~~84055507~~12555653 0.00000000 0.00000000 I-M-3 1,956,000.00 4.~~61000~~79125% 1000.00000000 34.~~96972393~~25889059 0.00000000 0.00000000 I-M-4 1,956,000.00 45.~~96000~~14125% 1000.00000000 4.~~27110941~~57000000 0.00000000 0.00000000 I-M-5 1,956,000.00 6.~~36000~~54125% 1000.00000000 5.~~47666667~~81444274 0.00000000 0.00000000 I-M-6 978,000.00 6.~~36000~~54125% 1000.00000000 5.~~47666667~~81444785 0.00000000 0.00000000 I-B 2,934,000.00 6.~~36000~~54125% 1000.00000000 5.~~47666667~~81444444 0.00000000 0.00000000 II-A-1 144,250,000.00 3.~~79000~~97125% ~~907~~869.~~09214080~~03484527 23.~~96039598~~06769303 0.00000000 0.00000000 II-A-2 16,028,000.00 34.~~94000~~12125% ~~907~~869.~~09203706~~03474545 3.~~07756177~~18356376 0.00000000 0.00000000 II-M-1 11,529,000.00 4.~~11000~~29125% 1000.00000000 3.~~53916645~~81444444 0.00000000 0.00000000 II-M-2 5,905,000.00 4.~~46000~~64125% 1000.00000000 34.~~84055546~~12555631 0.00000000 0.00000000 II-M-3 5,717,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222144~~45888928 0.00000000 0.00000000 II-B 1,125,000.00 56.~~96000~~14125% 1000.00000000 5.~~13222222~~45888889 0.00000000 0.00000000 I-B-IO 0.00 0.00000% ~~957~~935.~~75592031~~21148339 0.00000000 0.00000000 0.00000000 II-B-IO 0.00 0.00000% ~~923~~892.~~97931357~~83229212 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 2.~~86107586~~93458513 0.00000000 ~~859~~814.~~46194509~~61836185 I-A-2 0.00000000 0.00000000 3.~~38416667~~65444428 0.00000000 1000.00000000 I-A-3 0.00000000 0.00000000 3.~~14767524~~30194802 0.00000000 ~~919~~893.~~19370788~~40963327 I-M-1 0.00000000 0.00000000 3.~~53916626~~81444401 0.00000000 1000.00000000 I-M-2 0.00000000 0.00000000 34.~~84055507~~12555653 0.00000000 1000.00000000 I-M-3 0.00000000 0.00000000 34.~~96972393~~25889059 0.00000000 1000.00000000 I-M-4 0.00000000 0.00000000 4.~~27110941~~57000000 0.00000000 1000.00000000 I-M-5 0.00000000 0.00000000 5.~~47666667~~81444274 0.00000000 1000.00000000 I-M-6 0.00000000 0.00000000 5.~~47666667~~81444785 0.00000000 1000.00000000 I-B 0.00000000 0.00000000 5.~~47666667~~81444444 0.00000000 1000.00000000 II-A-1 0.00000000 0.00000000 23.~~96039598~~06769303 0.00000000 ~~869~~822.~~03484527~~87940811 II-A-2 0.00000000 0.00000000 3.~~07756177~~18356376 0.00000000 ~~869~~822.~~03474545~~87931370 II-M-1 0.00000000 0.00000000 3.~~53916645~~81444444 0.00000000 1000.00000000 II-M-2 0.00000000 0.00000000 34.~~84055546~~12555631 0.00000000 1000.00000000 II-M-3 0.00000000 0.00000000 5.~~13222144~~45888928 0.00000000 1000.00000000 II-B 0.00000000 0.00000000 5.~~13222222~~45888889 0.00000000 1000.00000000 I-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 ~~935~~914.~~21148339~~14040243 II-B-IO 0.00000000 0.00000000 0.00000000 0.00000000 ~~892~~854.~~83229212~~50397388 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1113,~~900~~166,~~691~~579.5455 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~497~~506,~~890~~504.2924 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1213,~~398~~673,~~581~~083.8379 Withdrawals Reimbursement for Servicer Advances ~~232~~497,~~695~~890.4129 Payment of Service Fee ~~113~~110,~~572~~143.0211 Payment of Interest and Principal 1213,~~052~~065,~~314~~050.4039 Total Withdrawals (Pool Distribution Amount) 1213,~~398~~673,~~581~~083.8379 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~109~~106,~~816~~494.3015 Master Servicing Fee 3,~~755~~648.7296 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~113~~110,~~572~~143.0211

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 1314 0 0 1314 3,~~027~~163,~~077~~008.9187 0.00 0.00 3,~~027~~163,~~077~~008.9187 30 Days ~~257~~248 1115 0 0 ~~268~~263 3129,~~246~~949,~~496~~055.2365 1,~~474~~957,~~034~~679.5011 0.00 0.00 3231,~~720~~906,~~530~~734.7376 60 Days ~~170~~124 75 0 0 ~~177~~129 2114,~~170~~552,~~338~~869.3600 ~~859~~661,~~913~~871.7024 0.00 0.00 2215,~~030~~214,~~252~~740.0624 90 Days 4992 78 513 0 61113 611,~~086~~836,~~040~~140.1379 ~~643~~857,~~504~~069.2237 ~~418~~1,~~147~~327,883.5436 0.00 714,~~147~~021,~~691~~093.8952 120 Days 1821 69 2219 0 4649 12,~~841~~607,~~698~~549.7243 ~~737~~984,~~045~~822.6909 32,~~514~~401,~~332~~621.4449 0.00 65,~~093~~993,~~076~~993.8501 150 Days 87 93 2318 10 4128 ~~999~~570,~~025~~669.6330 1343,~~359,475~~428.5308 32,~~028~~268,~~500~~757.2974 ~~97,530~~0.2700 53,~~484~~182,~~531~~855.7212 180+ Days 35 010 1327 23 1845 ~~280~~550,~~609~~577.8128 01,558,392.0055 13,~~500~~155,~~781~~378.7699 ~~158~~311,~~601~~049.3653 15,~~939~~575,~~992~~398.9335 Totals ~~505~~497 5364 6377 3 ~~624~~641 6160,~~624~~066,~~208~~861.8845 89,~~101~~526,~~051~~271.5531 89,~~461~~153,~~762~~641.0358 ~~256~~311,~~131~~049.6353 7879,~~443~~057,~~154~~823.0987 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.~~533662~~587988% 0.000000% 0.000000% 0.~~533662~~587988% 0.~~862976~~931733% 0.000000% 0.000000% 0.~~862976~~931733% 30 Days 10.~~550082~~415792% 0.~~451560~~629987% 0.000000% 0.000000% 11.~~001642~~045779% 8.~~907920~~822145% 0.~~420226~~576677% 0.000000% 0.000000% 9.~~328146~~398822% 60 Days 65.~~978654~~207896% 0.~~287356~~209996% 0.000000% 0.000000% 75.~~266010~~417892% 64.~~035355~~286864% 0.~~245149~~194969% 0.000000% 0.000000% 64.~~280504~~481833% 90 Days 23.~~011494~~863923% 0.~~287356~~335993% 0.~~205255~~545989% 0.000000% 24.~~504105~~745905% 13.~~735041~~486593% 0.~~183454~~252468% 0.~~119208~~391157% 0.000000% 24.~~037703~~130218% 120 Days 0.~~738916~~881982% 0.~~246305~~377992% 0.~~903120~~797984% 0.000000% 12.~~888342~~057959% 0.~~525041~~768110% 0.~~210121~~290101% 10.~~001885~~707450% 0.000000% 1.~~737047~~765661% 150 Days 0.~~328407~~293994% 0.~~369458~~125997% 0.~~944171~~755985% 0.~~041051~~000000% 1.~~683087~~175976% 0.~~284808~~168103% 0.~~387567~~101164% 0.~~863381~~668312% 0.~~027804~~000000% 10.~~563560~~937579% 180+ Days 0.~~123153~~209996% 0.~~000000~~419992% 01.~~533662~~133977% 0.~~082102~~125997% 01.~~738916~~889962% 0.~~079998~~162185% 0.~~000000~~459058% 0.~~427851~~929485% 0.~~045215~~091626% 01.~~553064~~642355% Totals 20.~~730706~~873583% 2.~~175698~~687946% 23.~~586207~~233935% 0.~~123153~~125997% 2526.~~615764~~921462% 17.~~568163~~694000% 2.~~309492~~806170% 2.~~412325~~696404% 0.~~073019~~091626% 2223.~~362999~~288201%

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 46 0 0 46 ~~493~~753,~~201~~808.5401 0.00 0.00 ~~493~~753,~~201~~808.5401 30 Days ~~149~~140 36 0 0 ~~152~~146 15,~~286~~194,~~259~~331.6811 ~~553~~842,~~744~~864.5478 0.00 0.00 1516,~~840~~037,~~004~~195.2289 60 Days ~~112~~77 31 0 0 ~~115~~78 138,~~633~~375,~~527~~990.7103 ~~364~~133,~~113~~199.5803 0.00 0.00 138,~~997~~509,~~641~~189.2906 90 Days 2574 34 25 0 3083 29,~~692~~538,~~715~~354.0281 ~~347~~409,~~849~~064.8226 ~~169~~386,~~127~~229.0197 0.00 310,~~209~~333,~~691~~649.8504 120 Days 11 02 68 0 1721 ~~791~~1,~~099~~264,059.9880 0165,263.0019 ~~556~~744,~~216~~278.5792 0.00 12,~~347~~173,~~316~~601.5591 150 Days 4 52 74 10 1710 ~~484~~195,~~516~~393.0046 ~~548~~227,~~088~~197.0074 ~~550~~332,~~441~~860.4345 ~~97,530~~0.2700 1755,~~680,575~~451.7065 180+ Days 23 05 37 2 717 ~~236~~380,~~829~~509.1447 0597,169.0022 ~~263~~463,~~666~~556.7548 158,601.36 ~~659~~1,~~097~~599,836.2553 Totals ~~303~~309 1826 1824 32 ~~342~~361 3334,~~124~~948,~~947~~638.5368 23,~~306~~128,~~997~~566.4823 1,~~539~~926,~~451~~925.7682 ~~256~~158,~~131~~601.6336 3740,~~227~~162,~~528~~732.4009 0-29 Days 0.~~269360~~411241% 0.000000% 0.000000% 0.~~269360~~411241% 0.~~269200~~420898% 0.000000% 0.000000% 0.~~269200~~420898% 30 Days 109.~~033670~~595613% 0.~~202020~~411241% 0.000000% 0.000000% 10.~~235690~~006854% 8.~~343572~~483944% 0.~~302246~~470624% 0.000000% 0.000000% 8.~~645817~~954568% 60 Days 75.~~542088~~277587% 0.~~202020~~068540% 0.000000% 0.000000% 75.~~744108~~346127% 74.~~441475~~676838% 0.~~198741~~074373% 0.000000% 0.000000% 74.~~640216~~751212% 90 Days 15.~~683502~~071967% 0.~~202020~~274160% 0.~~134680~~342700% 0.000000% 25.~~020202~~688828% 15.~~469742~~325859% 0.~~189864~~228406% 0.~~092313~~215656% 0.000000% 15.~~751919~~769922% 120 Days 0.~~740741~~753941% 0.~~000000~~137080% 0.~~404040~~548321% 0.000000% 1.~~144781~~439342% 0.~~431800~~705804% 0.~~000000~~092277% 0.~~303595~~415577% 0.000000% 01.~~735395~~213658% 150 Days 0.~~269360~~274160% 0.~~336700~~137080% 0.~~471380~~274160% 0.~~067340~~000000% 10.~~144781~~685401% 0.~~264459~~109100% 0.~~299158~~126859% 0.~~300443~~185857% 0.~~053234~~000000% 0.~~917295~~421816% 180+ Days 0.~~134680~~205620% 0.~~000000~~342700% 0.~~202020~~479781% 0.~~134680~~137080% 01.~~471380~~165182% 0.~~129266~~212462% 0.~~000000~~333437% 0.~~143915~~258833% 0.~~086568~~088557% 0.~~359750~~893289% Totals 2021.~~404040~~178890% 1.~~212121~~782042% 1.~~212121~~644962% 0.~~202020~~137080% 2324.~~030303~~742975% 1819.~~080314~~514008% 1.~~259209~~746874% 01.~~840266~~075923% 0.~~139802~~088557% 2022.~~319592~~425361% 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 98 0 0 98 2,~~533~~409,~~876~~200.3786 0.00 0.00 2,~~533~~409,~~876~~200.3786 30 Days 108 89 0 0 ~~116~~117 1514,~~960~~754,~~236~~724.5554 ~~920~~1,~~289~~114,814.9633 0.00 0.00 1615,~~880~~869,~~526~~538.5187 60 Days 5847 4 0 0 6251 76,~~536~~176,~~810~~878.6597 ~~495~~528,~~800~~672.1221 0.00 0.00 86,~~032~~705,~~610~~551.7718 90 Days 2418 4 38 0 3130 32,~~393~~297,~~325~~785.1198 ~~295~~448,~~654~~005.4011 ~~249~~941,~~020~~653.5339 0.00 3,~~938~~687,~~000~~444.0448 120 Days 10 7 611 16 0 2928 1,~~050~~343,~~598~~489.7463 ~~737~~819,~~045~~558.6990 21,~~958~~657,~~115~~342.8757 0.00 43,~~745~~820,~~760~~391.3010 150 Days 43 41 1614 0 2418 ~~514~~375,~~509~~275.6384 ~~811~~116,~~387~~230.5334 21,~~478~~935,~~058~~897.8629 0.00 32,~~803~~427,~~956~~403.0247 180+ Days 12 05 1020 01 1128 43170,~~780~~067.6781 0961,223.0033 12,~~237~~691,~~115~~822.0151 0152,448.0017 13,~~280~~975,~~895~~561.6882 Totals ~~202~~188 3538 4553 01 ~~282~~280 2825,~~499~~118,~~261~~222.3577 56,~~794~~397,~~054~~705.0708 67,~~922~~226,~~310~~715.2776 0152,448.0017 4138,~~215~~895,~~625~~091.6978 0-29 Days 0.~~946372~~867679% 0.000000% 0.000000% 0.~~946372~~867679% 1.~~512202~~502176% 0.000000% 0.000000% 1.~~512202~~502176% 30 Days 11.~~356467~~713666% 0.~~841220~~976139% 0.000000% 0.000000% 12.~~197687~~689805% 9.~~524972~~199811% 0.~~549223~~695105% 0.000000% 0.000000% 109.~~074195~~894916% 60 Days 65.~~098843~~097614% 0.~~420610~~433839% 0.000000% 0.000000% 65.~~519453~~531453% 43.~~497922~~851385% 0.~~295890~~329636% 0.000000% 0.000000% 4.~~793813~~181020% 90 Days 21.~~523659~~952278% 0.~~420610~~433839% 0.~~315457~~867679% 0.000000% 3.~~259727~~253796% 21.~~025116~~432707% 0.~~176445~~279338% 0.~~148614~~587136% 0.000000% 2.~~350174~~299182% 120 Days 01.~~736067~~084599% 0.~~630915~~759219% 1.~~682440~~193059% 0.000000% 3.~~049422~~036876% 0.~~626991~~837688% 0.~~439864~~511008% 1.~~765385~~033380% 0.000000% 2.~~832241~~382076% 150 Days 0.~~420610~~325380% 0.~~420610~~108460% 1.~~682440~~518438% 0.000000% 21.~~523659~~952278% 0.~~307056~~233991% 0.~~484231~~072472% 1.~~478890~~207063% 0.000000% 21.~~270178~~513526% 180+ Days 0.~~105152~~216920% 0.~~000000~~542299% 12.~~051525~~169197% 0.~~000000~~108460% 13.~~156677~~036876% 0.~~026128~~106040% 0.~~000000~~599338% 01.~~738303~~678395% 0.~~000000~~095054% 02.~~764431~~478827% Totals 2120.~~240799~~390456% 34.~~680336~~121475% 45.~~731861~~748373% 0.~~000000~~108460% 2930.~~652997~~368764% 1715.~~008185~~661621% 3.~~457856~~989073% 4.~~131192~~505975% 0.~~000000~~095054% 24.~~597233~~251723%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~497~~506,~~890~~504.2924

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 21 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~197~~153,~~700~~000.00 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~194~~152,~~543~~448.9117 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current REO Total ~~Jan~~Feb-05 0.000% Loans in REO 3 ~~Feb~~Mar-05 0.000% Original Principal Balance ~~261~~314,700.00 ~~Mar~~Apr-05 0.000% Current Principal Balance ~~256~~311,~~131~~049.6353 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.~~000~~017% ~~Jun~~Jul-05 0.017% ~~Jul~~Aug-05 0.~~017~~073% ~~Aug~~Sep-05 0.~~073~~092% *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 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 20 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~197,700~~0.00 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~194,543~~0.9100 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current REO Total ~~Jan~~Feb-05 0.000% Loans in REO 32 ~~Feb~~Mar-05 0.000% Original Principal Balance ~~261~~161,700.00 ~~Mar~~Apr-05 0.000% Current Principal Balance ~~256~~158,~~131~~601.6336 ~~Apr-05 0.000%~~ May-05 0.000% Jun-05 0.032% Jul-05 0.033% Aug-05 0.140% Sep-05 0.089% *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 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 01 ~~Sep~~Oct-04 0.000% Original Principal Balance 0153,000.00 ~~Oct~~Nov-04 0.000% Current Principal Balance 0152,448.0017 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current REO Total ~~Jan~~Feb-05 0.000% Loans in REO 01 ~~Feb~~Mar-05 0.000% Original Principal Balance 0153,000.00 ~~Mar~~Apr-05 0.000% Current Principal Balance 0152,448.0017 ~~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~~095% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

REO Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance Group 1 0000079347 Jun-2005 01-Apr-2004 MI 60.95 64,000.00 Group 1 0037737699 Aug-2005 01-Jun-2004 NC 91.31 97,700.00 Group 12 ~~0130023211~~0138115316 ~~Aug~~Sep-2005 01-Aug-~~2003~~2004 MIMN 6990.5900 ~~100~~153,000.00

REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 1 0000079347 61,587.72 01-Jan-2005 67 8.440% 12,~~622~~024.2656 Group 1 0037737699 97,013.64 01-Jan-2005 67 6.750% 2,~~093~~615.2939 Group 12 ~~0130023211~~0138115316 97152,~~530~~448.2717 01-~~Feb~~Jan-2005 5 7 8.~~875~~625% 25,~~394~~303.4608

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 2528 ~~Sep~~Oct-04 0.000% Original Principal Balance 3,~~620~~350,~~304~~471.0085 ~~Oct~~Nov-04 0.000% Current Principal Balance 3,~~576~~278,~~088~~884.8275 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 6377 ~~Feb~~Mar-05 0.000% Original Principal Balance 89,~~579~~313,~~306~~936.9915 ~~Mar~~Apr-05 0.000% Current Principal Balance 89,~~461~~153,~~762~~641.0358 ~~Apr-05 0.000%~~ May-05 0.000% Jun-05 0.564% Jul-05 1.500% Aug-05 2.412% Sep-05 2.696% *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 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 611 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~563~~960,~~189~~247.0085 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~545~~931,~~358~~491.3850 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 1824 ~~Feb~~Mar-05 0.000% Original Principal Balance 1,~~576~~974,~~822~~031.3015 ~~Mar~~Apr-05 0.000% Current Principal Balance 1,~~539~~926,~~451~~925.7682 ~~Apr-05 0.000%~~ May-05 0.000% Jun-05 0.261% Jul-05 0.813% Aug-05 0.840% Sep-05 1.076% *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 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1917 ~~Sep~~Oct-04 0.000% Original Principal Balance 32,~~057~~390,~~115~~224.00 ~~Oct~~Nov-04 0.000% Current Principal Balance 32,~~030~~347,~~730~~393.4425 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 4553 ~~Feb~~Mar-05 0.000% Original Principal Balance 7,~~002~~339,~~484~~905.6900 ~~Mar~~Apr-05 0.000% Current Principal Balance 67,~~922~~226,~~310~~715.2776 ~~Apr-05 0.000%~~ May-05 0.000% Jun-05 0.886% Jul-05 2.244% Aug-05 4.131% Sep-05 4.506% *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 0001240794 Jul-2005 01-Jun-2003 IA 93.01 67,894.02 Group 1 ~~0002906813~~0008841277 ~~Aug~~Sep-2005 01-~~Feb~~Oct-~~1999~~2001 NMNV ~~101~~85.00 94106,~~839~~250.00 Group 1 0009333178 Sep-2005 01-Nov-2004 ID 101.05 115,700.85 Group 1 0009468890 Sep-2005 01-Jan-2002 OK 88.70 55,000.00 Group 1 0009816183 Jul-2005 01-Aug-2003 TX 101.84 106,927.28 Group 1 0011223609 Jul-2005 01-Dec-2002 MD 100.00 99,000.00 Group 1 ~~0042790402~~0039575907 ~~Jul~~Sep-2005 01-~~Aug~~Jun-2004 MIOR ~~100~~98.0045 ~~106~~56,~~500~~119.00 Group 1 0084426162 Aug-2005 01-Oct-2004 IL 95.00 74,100.00 Group 1 0127079721 Jul-2005 01-Apr-2003 IN 85.00 56,950.00 Group 1 ~~0132289406~~0133595611 Jun-2005 01-Jan-2004 FL 86.36 85,500.00 Group 1 0133852749 Aug-2005 01-~~Nov~~Jan-~~2003~~2004 AL 79100.0500 8332,000.00 Group 1 ~~0133326587~~0133919035 ~~Aug~~Sep-2005 01-~~Sep~~Jan-~~2003~~2004 VAAR 9980.2000 ~~151~~60,800.00 Group 1 ~~0133595611~~0134069699 ~~Jun~~Jul-2005 01-~~Jan~~Feb-2004 FLWI 8670.3600 8544,~~500~~100.00 Group 1 ~~0133852749~~0134959899 ~~Aug~~Sep-2005 01-~~Jan~~Apr-2004 ALAR ~~100~~97.00 3279,~~000~~831.00 Group 1 ~~0134069699~~0135736437 ~~Jul~~Sep-2005 01-~~Feb~~May-2004 WIGA 70.00 4445,~~100~~360.00 Group 1 0136533973 Jul-2005 01-Jul-2004 FL 73.28 54,962.00 Group 1 0136751633 Sep-2005 01-Jun-2004 NY 80.00 113,600.00 Group 1 0137101333 Jun-2005 01-Jun-2004 WI 75.00 45,000.00 Group 1 0137241691 Sep-2005 01-Jun-2004 NC 85.00 68,000.00 Group 1 0137862868 Sep-2005 01-Aug-2004 CA 95.00 156,750.00 Group 1 0138179395 Jun-2005 01-Aug-2004 TX 80.00 98,400.00 Group 1 0139451918 Jul-2005 01-Oct-2004 LA 90.00 121,500.00 Group 1 ~~0193484326~~0139915151 ~~Aug~~Sep-2005 01-~~Mar~~Nov-2004 WAAZ 9995.9800 ~~127~~102,~~450~~837.00 Group 1 ~~0220927941~~0193484326 ~~Jul~~Aug-2005 01-~~Nov~~Mar-~~2002~~2004 NVWA 9899.3798 ~~126~~127,~~900~~450.00 Group 2 0000426443 Jul-2005 04-Feb-2004 NC 100.00 136,735.00 Group 2 0009835034 Aug-2005 01-Jun-2002 TX 98.43 133,371.00 Group 2 0011003976 Jun-2005 01-Sep-2004 ID 75.00 102,000.00 Group 2 0011005417 Jul-2005 01-Dec-2004 LA 73.66 74,400.00 Group 2 0018748822 Jul-2005 01-May-1999 NC 76.48 156,800.00 Group 2 0037078367 Jun-2005 01-Feb-2004 NC 100.00 74,000.00 Group 2 ~~0045356136~~0037443678 ~~Aug~~Sep-2005 01-~~Oct~~Apr-2004 MAKY 7794.7218 ~~450~~130,~~000~~915.00 Group 2 0082690892 Aug-2005 01-Dec-2003 WA 77.42 144,000.00 Group 2 0126759216 Sep-2005 01-Apr-2003 NC 90.00 58,500.00 Group 2 0129115952 Aug-2005 01-Jul-2003 AR 89.50 80,100.00 Group 2 0129262416 Jun-2005 01-Jul-2003 WI 80.00 135,200.00 Group 2 0129372264 Jul-2005 01-Aug-2003 OK 85.00 106,250.00 Group 2 0129402632 Aug-2005 01-Jul-2003 CA 41.40 89,000.00 Group 2 0130748676 Sep-2005 01-Aug-2003 NC 100.00 116,900.00 Group 2 0130804032 Jun-2005 01-Dec-2003 NC 85.00 79,305.00 Group 2 0131142838 Sep-2005 01-Sep-2003 IN 90.00 130,500.00 Group 2 0133735548 Sep-2005 01-Jan-2004 CT 86.92 226,000.00 Group 2 0133971861 Aug-2005 01-Feb-2004 OH 90.00 99,900.00 Group 2 0134862457 Aug-2005 01-Dec-2004 MA 79.40 100,000.00 Group 2 0135229995 Sep-2005 01-May-2004 MO 85.00 72,250.00 Group 2 0135230282 Sep-2005 01-Apr-2004 IL 80.00 46,800.00 Group 2 0135474393 Aug-2005 01-May-2004 IL 93.56 250,000.00 Group 2 0135810349 Aug-2005 01-May-2004 MD 90.00 168,300.00 Group 2 0135923126 Aug-2005 01-May-2004 WI 74.17 112,000.00 Group 2 0135933265 Jul-2005 01-May-2004 WI 83.83 70,000.00 Group 2 0136178134 Jul-2005 01-May-2004 AZ 80.00 93,440.00 Group 2 0136614864 Jul-2005 01-Jul-2004 MI 95.00 157,700.00 Group 2 0136636602 Aug-2005 01-May-2004 MI 65.00 33,475.00 Group 2 ~~0136961612~~0136940046 ~~Jun~~Sep-2005 01-Jun-2004 AZNC 8485.3400 ~~117~~127,~~250~~500.00 Group 2 0137013371 Jun-2005 01-Jun-2004 AL 85.00 111,350.00 Group 2 0137122727 Jul-2005 01-Jun-2004 WA 80.00 440,000.00 Group 2 0137267084 Jul-2005 01-Jun-2004 MN 62.15 110,000.00 Group 2 ~~0137383121~~0137396461 ~~Jun~~Sep-2005 01-Jul-2004 FLNC 9495.00 139,555.00 Group 2 0137712998 Sep-2005 01-Jul-2004 ~~225~~OH 85.00 95,~~625~~200.00 Group 2 0137787297 Aug-2005 01-Aug-2004 TX 80.00 69,600.00 Group 2 0137879862 Sep-2005 01-Jul-2004 MN 79.20 198,000.00 Group 2 0137900502 Aug-2005 01-Jul-2004 WI 95.00 306,375.00 Group 2 ~~0138115316~~0138542535 ~~Jun~~Jul-2005 01-~~Aug~~Oct-2004 MNNM 9085.00 ~~153~~118,150.00 Group 2 0138581418 Sep-2005 01-Sep-2004 UT 89.77 237,000.00 Group 2 ~~0138542535~~0138880794 ~~Jul~~Sep-2005 01-~~Oct~~Sep-2004 NMIA 85100.00 ~~118~~77,~~150~~000.00 Group 2 0138999479 Jul-2005 28-Aug-2004 NJ 90.00 162,000.00 Group 2 0139024095 Jul-2005 01-Sep-2004 MO 90.00 112,500.00 Group 2 0139177364 Jul-2005 01-Sep-2004 IA 95.00 38,000.00 Group 2 0139439889 Aug-2005 01-Oct-2004 VA 80.00 138,400.00 Group 2 ~~0139824619~~0139575047 ~~Aug~~Sep-2005 01-~~Nov~~Oct-2004 IAVA 8784.2698 82217,~~900~~554.00 Group 2 ~~0139919476~~0139824619 Aug-2005 01-Nov-2004 ILIA 8087.0026 ~~424~~82,~~000~~900.00 Group 2 ~~0140047143~~0140119793 ~~Jun~~Sep-2005 01-Nov-2004 TXRI 80.00 ~~114~~164,~~400~~000.00 Group 2 ~~0140645268~~0140282021 ~~Jul~~Sep-2005 01-Nov-2004 SCTN 9085.00 ~~135~~96,~~630~~050.00 Group 2 ~~0200502046~~0140645268 Jul-2005 01-~~Dec~~Nov-2004 MDSC 9990.~~62 259,000.~~00 ~~Group 2 0503120066 Aug-2005 01-Jun-2004 AZ 80.00 130~~135,~~894~~630.00 Group 2 0601498140 Jul-2005 01-Jan-2003 CA 77.44 484,000.00 Group 2 ~~0815667795~~2000033735 ~~Jul~~Aug-2005 1501-~~Aug~~Nov-2004 CAGA 7478.7304 ~~178~~174,~~634~~800.6900 Group 2 ~~2000033735~~7014460229 ~~Aug~~Sep-2005 0120-~~Nov~~Aug-~~2004~~1992 GACA 7890.0400 ~~174~~256,~~800~~500.00 Group 2 9101114695 Aug-2005 01-Sep-2004 WI 100.00 70,000.00

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 0001240794 65,112.69 01-Apr-2005 34 7.000% 1,~~408~~759.2627 Group 1 ~~0002906813~~0008841277 8790,~~297~~060.1753 01-~~Mar~~Apr-2005 4 7.~~000~~125% 2,462.27 Group 1 0009333178 114,~~957~~751.3002 01-Apr-2005 4 7.250% 3,339.91 Group 1 ~~0009816183~~0009468890 ~~104~~52,~~014~~920.3213 01-Apr-2005 4 7.500% 1,595.36 Group 1 0009816183 103,907.96 01-May-2005 3 7.500% 23,~~423~~027.2651 Group 1 0011223609 96,405.43 01-Feb-2005 56 6.500% 2,~~000~~499.8265 Group 1 ~~0042790402~~0039575907 ~~105~~54,~~781~~671.4963 01-~~Feb~~Mar-2005 5 65.~~250~~875% 21,~~108~~220.2406 Group 1 0084426162 73,810.18 01-Feb-2005 56 9.000% 2,~~089~~611.4707 Group 1 0127079721 55,959.24 01-Feb-2005 56 8.250% 1,~~443~~804.9220 Group 1 ~~0132289406~~0133595611 8284,~~151~~668.3237 01-~~Mar~~Apr-2005 4 98.~~125~~750% 2,~~359~~906.4763 Group 1 ~~0133326587~~0133852749 ~~145~~31,~~046~~556.4229 01-Mar-2005 4 5 6.~~500~~750% 2852.19 Group 1 0133919035 57,~~412~~262.5041 01-May-2005 3 6.625% 1,515.23 Group 1 ~~0133595611~~0134069699 8443,~~668~~740.3746 01-~~Mar~~Feb-2005 46 8.750% 21,~~326~~545.0813 Group 1 ~~0133852749~~0134959899 3178,~~556~~928.2942 01-~~Mar~~Apr-2005 4 6.~~750~~875% ~~682~~2,174.0874 Group 1 ~~0134069699~~0135736437 4344,~~740~~882.4689 01-~~Feb~~May-2005 53 87.~~750~~250% 1,~~236~~307.5297 Group 1 0136533973 53,552.78 01-Feb-2005 56 6.000% ~~980~~1,224.0940 Group 1 0136751633 112,703.86 01-May-2005 3 8.375% 3,812.87 Group 1 0137101333 44,827.18 01-Jan-2005 67 9.750% 1,~~416~~769.2990 Group 1 0137241691 67,472.85 01-May-2005 3 8.375% 2,282.65 Group 1 0137862868 155,566.18 01-Apr-2005 4 7.000% 4,367.65 Group 1 0138179395 95,261.21 01-Jan-2005 67 5.875% 12,~~697~~117.1438 Group 1 0139451918 121,~~191~~135.8553 01-~~Feb~~Mar-2005 5 10.000% 34,~~932~~914.2614 Group 1 ~~0193484326~~0139915151 ~~125~~102,~~497~~271.0058 01-~~Mar~~Apr-2005 4 6.~~875~~500% 2,~~764~~658.8227 Group 1 ~~0220927941~~0193484326 ~~123~~125,~~578~~497.3600 01-~~Jan~~Mar-2005 65 76.~~125~~875% 23,~~724~~454.9937 Group 2 0000426443 135,503.07 04-Jan-2005 57 8.600% 34,~~654~~567.9312 Group 2 0009835034 126,054.16 01-Feb-2005 56 6.125% 12,~~886~~473.2170 Group 2 0011003976 101,240.35 01-Jan-2005 67 6.450% 2,~~005~~505.0408 Group 2 0011005417 74,193.33 01-Feb-2005 56 8.990% 2,~~097~~621.8758 Group 2 0018748822 144,335.56 01-Feb-2005 56 5.046% 2,~~173~~713.0687 Group 2 0037078367 72,883.03 01-Jan-2005 67 4.875% 1,~~116~~395.9626 Group 2 ~~0045356136~~0037443678 ~~446~~128,~~722~~671.5697 01-Mar-2005 45 5.125% 72,~~237~~473.1234 Group 2 0082690892 141,688.38 01-Mar-2005 45 6.500% 3,535.03 Group 2 0126759216 57,~~829~~714.4714 01-May-2005 3 9.875% 2,247.14 Group 2 0129115952 79,107.20 01-Feb-2005 56 10.375% 23,~~453~~102.3182 Group 2 0129262416 132,982.89 01-Jan-2005 67 10.500% 34,~~862~~968.8213 Group 2 0129372264 104,~~761~~685.8845 01-~~Apr~~May-2005 3 9.125% 23,~~812~~563.3114 Group 2 0129402632 87,539.78 01-Mar-2005 45 9.375% 3,024.50 Group 2 0130748676 114,~~378~~555.9182 01-Apr-2005 4 9.500% 3,429.03 Group 2 0130804032 78,502.69 01-Jan-2005 67 8.875% 2,~~189~~735.4087 Group 2 0131142838 128,587.22 01-Apr-2005 4 7.875% 3,945.04 Group 2 0133735548 223,238.36 01-Apr-2005 4 7.625% 6,616.56 Group 2 0133971861 98,299.99 01-Feb-2005 56 5.000% 1,~~549~~935.3541 Group 2 0134862457 99,666.79 01-~~Dec~~Feb-~~2004~~2005 76 8.100% 3,151.78 Group 2 0135229995 71,~~522~~750.2936 01-Feb-2005 6 8.000% 2,310.17 Group 2 0135230282 46,368.48 01-Mar-2005 5 7.500% 1,397.30 Group 2 0135474393 248,044.19 01-Feb-2005 56 7.375% 57,~~874~~339.0953 Group 2 0135810349 166,722.29 01-Mar-2005 45 6.950% 34,~~715~~641.1481 Group 2 0135923126 111,058.88 01-Apr-2005 34 8.125% 23,~~912~~638.1485 Group 2 0135933265 69,373.79 01-Feb-2005 56 6.750% 1,~~498~~871.2289 Group 2 0136178134 92,676.15 01-Mar-2005 45 8.125% 23,~~428~~034.3735 Group 2 0136614864 156,739.85 01-Mar-2005 45 8.500% 45,~~303~~377.2728 Group 2 0136636602 33,199.77 01-Apr-2005 34 9.375% 1,~~009~~260.1299 Group 2 ~~0136961612~~0136940046 ~~116~~126,~~885~~763.5631 01-~~Jan~~Apr-2005 64 109.~~750~~375% 4,~~083~~814.4028 Group 2 0137013371 110,~~548~~446.6801 01-~~Jan~~Feb-2005 6 6.625% 2,~~339~~922.2465 Group 2 0137122727 434,852.47 01-Mar-2005 45 5.250% 79,~~225~~026.4930 Group 2 0137267084 109,382.99 01-Feb-2005 56 8.750% 3,~~092~~864.3925 Group 2 ~~0137383121~~0137396461 ~~223~~138,~~961~~769.9324 01-~~Feb~~May-2005 53 69.500% 45,~~650~~345.2350 Group 2 0137712998 94,590.65 01-May-2005 3 8.875% 3,397.26 Group 2 0137787297 69,254.16 01-Mar-2005 45 8.500% 12,~~901~~375.4097 Group 2 0137879862 196,317.53 01-Apr-2005 4 6.950% 5,470.79 Group 2 0137900502 303,300.91 01-Mar-2005 45 5.500% 6,757.68 Group 2 0138542535 117,862.02 01-Mar-2005 5 10.500% 5,~~438~~027.29 Group 2 ~~0138115316~~0138581418 ~~152~~235,~~448~~703.1779 01-~~Jan~~May-2005 63 8.625% 48,~~243~~219.8385 Group 2 ~~0138542535~~0138880794 ~~117~~76,~~911~~679.0763 01-~~Feb~~May-2005 53 109.~~500~~950% 43,~~022~~097.7062 Group 2 0138999479 161,281.67 31-Jan-2005 56 7.600% 34,~~937~~920.7626 Group 2 0139024095 111,~~835~~609.4741 01-~~Feb~~Apr-2005 54 6.125% 2,~~182~~726.3350 Group 2 0139177364 37,826.79 01-Mar-2005 45 8.250% 1,~~007~~258.0032 Group 2 0139439889 137,~~983~~840.3401 01-~~Mar~~May-2005 43 9.500% 45,~~248~~309.9376 Group 2 ~~0139824619~~0139575047 82216,~~394~~855.0492 01-~~Mar~~Apr-2005 4 59.~~250~~950% 18,~~369~~530.1752 Group 2 ~~0139919476~~0139824619 ~~424~~82,~~000~~394.0004 01-Mar-2005 45 45.~~750~~250% 61,~~360~~710.0044 Group 2 ~~0140047143~~0140119793 ~~114~~163,~~238~~258.5617 01-~~Jan~~Apr-2005 64 97.~~750~~500% 34,~~609~~924.6406 Group 2 ~~0140645268~~0140282021 ~~135~~95,~~280~~670.4448 01-~~Feb~~May-2005 53 8.~~250~~950% 3,~~599~~466.0902 Group 2 ~~0200502046~~0140645268 ~~257~~135,~~718~~280.2944 01-~~Dec~~Feb-~~2004 7 4.875% 3,751.30 Group 2 0503120066 130,894.00 01-Mar-~~2005 46 58.~~000~~250% 14,~~963~~497.4034 Group 2 0601498140 468,694.00 01-Feb-2005 56 5.775% 810,~~225~~276.9605 Group 2 ~~0815667795~~2000033735 ~~175~~174,~~521~~800.1500 1501-Feb-2005 46 5.~~950~~125% 3,~~178~~368.9855 Group 2 ~~2000033735~~7014460229 ~~174~~231,~~800~~898.0018 0120-~~Feb~~Mar-2005 54 57.~~125~~000% 26,~~694~~267.8472 Group 2 9101114695 70,000.00 01-Mar-2005 45 7.490% 12,~~631~~038.0075

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~381319~~398322% Weighted Average Net Coupon 6.~~015822~~033513% Weighted Average Pass-Through Rate 6.~~003322~~021013% Weighted Average Maturity(Stepdown Calculation) ~~329~~328 Beginning Scheduled Collateral Loan Count 2,~~493~~436 Number Of Loans Paid In Full 5755 Ending Scheduled Collateral Loan Count 2,~~436~~381 Beginning Scheduled Collateral Balance ~~360~~350,~~549~~300,~~163~~593.4111 Ending Scheduled Collateral Balance ~~350~~338,~~300~~994,~~593~~020.1138 Ending Actual Collateral Balance at 2931-~~Jul~~Aug-2005 ~~350~~339,~~772~~475,~~062~~875.1657 Monthly P&I Constant 2,~~310~~252,~~377~~248.9772 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~393~~384,~~061~~468.9473 Unscheduled Principal 910,~~855~~922,~~508~~104.3601

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~575616~~579678 6.~~171168~~200104 6.~~381319~~398322 Weighted Average Net Rate 6.~~211794~~216505 5.~~803860~~833506 6.~~015822~~033513 Weighted Average Maturity ~~318~~317 ~~341~~340 ~~329~~328 Beginning Loan Count 1,~~515~~485 ~~978~~951 2,~~493~~436 Loans Paid In Full 3026 2729 5755 Ending Loan Count 1,~~485~~459 ~~951~~922 2,~~436~~381 Beginning Scheduled Balance ~~187~~182,~~341~~931,~~130~~342.3967 ~~173~~167,~~208~~369,~~033~~250.0244 ~~360~~350,~~549~~300,~~163~~593.4111 Ending Scheduled Balance ~~182~~178,~~931~~809,~~342~~749.6764 ~~167~~160,~~369~~184,~~250~~270.4474 ~~350~~338,~~300~~994,~~593~~020.1138 Record Date 0708/2931/2005 0708/2931/2005 0708/2931/2005 Principal And Interest Constant 1,~~276~~247,~~274~~004.0271 1,~~034~~005,~~103~~244.9501 2,~~310~~252,~~377~~248.9772 Scheduled Principal ~~249~~243,~~704~~980.6134 ~~143~~140,~~357~~488.3339 ~~393~~384,~~061~~468.9473 Unscheduled Principal 43,~~160~~877,~~083~~612.1170 57,~~695~~044,~~425~~491.2531 910,~~855~~922,~~508~~104.3601 Scheduled Interest 1,~~026~~003,~~569~~024.4137 ~~890~~864,~~746~~755.62 1,~~917~~867,~~316~~779.0399 Servicing Fees 5655,~~798~~363.9709 5351,~~017~~131.3306 ~~109~~106,~~816~~494.3015 Master Servicing Fees 1,~~951~~905.4753 1,~~804~~743.2543 3,~~755~~648.7296 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 ~~967~~945,~~818~~755.9775 ~~835~~811,~~925~~881.0413 1,~~803~~757,~~744~~636.0188 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.~~199294~~204005 5.~~791360~~821006 6.~~003322~~021013

Miscellaneous Reporting Group 1 3 Mo Rolling Dlq Average 0.~~089261~~108456% Excess Cash ~~336~~281,~~056~~372.4491 Overcollateralized Amount 2,~~593~~874,~~067~~440.5344 OC Deficiency Amount 1,~~514~~233,~~621~~248.7686 OC Increase Amount ~~336~~281,~~056~~372.4491 Specified OC 4,107,689.29 Trigger Event? YES Extra Prin Distribution ~~336~~281,~~056~~372.4491 Group 2 3 Mo Rolling Dlq Average 0.~~126243~~130694% Excess Cash ~~260~~212,~~964~~721.5737 Overcollateralized Amount 34,~~806~~018,~~085~~806.1148 OC Deficiency Amount ~~880~~667,~~384~~662.3497 OC Increase Amount ~~260~~212,~~964~~721.5737 Specified OC 4,686,469.45 Trigger Event? YES Extra Prin Distribution ~~260~~212,~~964~~721.5737

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 3026 43,~~327~~933,~~867~~982.5686 43,~~139~~815,~~082~~007.7934 0 0.00 0.00 Group 2 2729 56,~~837~~983,~~563~~929.00 56,~~761~~892,~~592~~664.7583 0 0.00 0.00 Total 5755 10,~~165~~917,~~430~~911.5686 910,~~900~~707,~~675~~672.5417 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 0 0.00 0.00 01 0100,000.00 097,186.0079 28(30,~~627~~311.6628) Group 2 0 0.00 0.00 0 0.00 0.00 ~~(62~~156,~~911~~506.~~58)~~28 Total 0 0.00 0.00 01 0100,000.00 097,186.0079 ~~(34~~126,~~283~~195.~~92)~~00

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 ~~0000044735~~0000351036 GAMD 9598.0020 01-~~Jun~~Aug-~~2004 126,350.00 123,951.14 Group 1 0000537741 IL 100.00 01-Nov-~~2002 ~~240~~220,000.00 ~~229~~210,~~226~~514.6634 Group 1 ~~0000844862~~0000775636 NY 7974.5927 01-~~Sep~~Dec-2002 ~~173~~304,500.00 ~~167~~294,~~909~~021.0704 Group 1 ~~0002527915~~0002906813 PANM 81101.6700 01-~~Sep~~Feb-~~2004~~1999 7394,~~289~~839.2800 7186,~~923~~556.9301 Group 1 ~~0002534187~~0004854875 FLNJ 4290.8600 01-~~Aug~~Dec-~~2003~~1998 60274,~~000~~500.00 54249,~~491~~907.7532 Group 1 ~~0002724925~~0017740036 MOTX 8198.6440 01-~~Oct~~Feb-~~2004~~2003 7186,~~815~~100.2800 7083,~~926~~991.7917 Group 1 ~~0005680749~~0031543127 PAFL 96100.4200 01-~~Jan~~Sep-~~2002~~2004 59118,~~783~~000.00 52115,~~130~~640.7568 Group 1 ~~0006112479~~0130023211 ALMI 8869.6759 01-~~Jan~~Aug-~~1997~~2003 ~~156~~100,~~500~~000.00 ~~139~~97,~~012~~099.3051 Group 1 ~~0010622386~~0134696343 NVWA 99100.1100 01-~~Aug~~Apr-~~2002~~2004 ~~123~~91,~~397~~700.00 ~~119~~89,~~395~~282.5866 Group 1 ~~0037038668~~0135593028 FLWA 95100.2300 01-~~Jul~~May-2004 ~~120~~170,000.00 ~~118~~166,~~669~~246.3000 Group 1 ~~0039289426~~0136732633 FL 7353.6657 01-~~Feb~~Jun-~~2005~~2004 ~~151~~60,000.00 ~~149~~59,~~790~~004.2480 Group 1 ~~0040081951~~0136801123 CANH 7980.5600 01-~~Sep~~Aug-~~2003~~2004 ~~144~~172,000.00 ~~140~~169,~~595~~636.7213 Group 1 ~~0120303157~~0137033551 MDNV 9095.00 01-~~Nov~~Jul-2004 ~~252~~106,~~450~~400.00 ~~244~~104,~~187~~791.6085 Group 1 ~~0127208957~~0138075957 KSSC ~~100~~78.0053 01-~~May~~Sep-~~2003~~2004 ~~151~~133,~~000~~500.00 ~~147~~131,~~233~~800.1472 Group 1 ~~0135957504~~0138566898 CA 7970.7295 01-~~May~~Sep-2004 ~~169~~131,~~000~~250.00 ~~166~~129,~~268~~158.6985 Group 1 ~~0136391307~~0139170369 COCA ~~88.~~89.84 01-~~Jun~~Sep-2004 ~~254~~287,~~230~~500.00 ~~250~~283,~~476~~829.6984 Group 1 ~~0137072393~~0140380254 NMAZ 95.00 01-~~Jun~~Feb-~~2004~~2005 ~~109~~215,~~250~~913.00 ~~107~~214,~~321~~121.7343 Group 1 ~~0137192878~~0142007715 WAVA 9096.0040 01-~~Jul~~Aug-~~2004~~2003 ~~126~~241,~~000~~062.00 ~~124~~229,~~227~~244.4432 Group 1 ~~0137813051~~0142030360 MSAZ 9092.0080 01-~~Aug~~Sep-~~2004~~2003 41120,~~400~~582.00 39115,~~264~~426.7550 Group 1 ~~0139976732~~0142653070 ILWA 84100.4300 01-~~Oct~~Sep-2004 ~~103~~150,000.00 ~~102~~148,~~088~~263.8620 Group 1 ~~0142158385~~0200409235 AZTX 9378.0064 01-~~Sep~~Dec-~~2003~~2001 ~~101~~106,~~403~~950.00 97101,~~980~~914.9760 Group 1 ~~0193964152~~0220927941 MENV 5798.0037 01-~~Jul~~Nov-~~2004~~2002 ~~171~~126,~~000~~900.00 ~~165~~122,~~194~~965.3810 Group 1 ~~0222567547~~0260186184 VAWA 9976.8817 01-~~Aug~~Sep-~~2003~~2000 ~~144~~87,~~820~~600.00 ~~140~~83,~~615~~022.4082 Group 1 ~~0230304560~~1174010525 TXNY 7988.90 01-~~Mar~~Jan-~~2003~~2005 ~~660~~240,~~000~~036.0086 ~~585~~238,~~398~~041.4200 Group 1 ~~1000091305~~1175001980 NV 5069.5606 01-~~Mar~~May-~~2005~~1999 45109,~~000~~816.00 44106,~~775~~176.4062 Group 1 ~~1174001837~~1175002242 PAFL 9899.4719 01-~~Dec~~Apr-~~1996~~2001 6771,~~945~~912.00 5668,~~579~~320.7698 Group 1 ~~1174010360~~1175002403 ORTN 8697.7703 01-~~Feb~~Jul-2003 ~~137~~94,~~097~~122.00 ~~132~~91,~~522~~420.6360 Group 1 ~~1175002437~~7000011513 VAAZ 9876.8365 01-~~Apr~~Nov-~~2003~~2004 ~~127~~118,~~988~~800.00 ~~124~~117,~~015~~525.5589 Group 12 ~~6750000235~~0000050186 AZTN 31100.9100 01-~~Oct~~Sep-2004 75186,000.00 74183,~~233~~946.6794 Group 12 ~~7000011062~~0028483865 AZWA ~~102~~94.9897 01-Nov-~~2004~~1999 91191,~~650~~800.00 91183,~~047~~908.1456 Group 2 ~~0001132281~~0030867964 NJFL 8890.4000 01-~~Dec~~Apr-2004 ~~358~~179,~~000~~100.00 ~~357~~178,~~936~~220.3781 Group 2 ~~0001135982~~0036616027 VAKS 8095.00 01-~~Jan~~Oct-~~2005~~2004 ~~544~~260,~~000~~775.00 ~~544~~257,~~000~~097.0092 Group 2 ~~0003433894~~0042946939 INPA 9580.00 01-~~Sep~~Jun-2004 ~~213~~100,~~750~~000.00 ~~213~~97,~~620~~971.0355 Group 2 ~~0003727359~~0045387586 CAVA 7480.0600 01-~~Sep~~Oct-2004 ~~400~~560,000.00 ~~400~~552,~~000~~149.0049 Group 2 ~~0003964741~~0108403775 CA 7980.3400 01-~~Sep~~Aug-~~2004~~2003 ~~492~~360,000.00 ~~492~~359,~~000~~990.0042 Group 2 ~~0010661643~~0120472370 MNOH 7870.6800 01-~~Oct~~Dec-~~2002~~2004 ~~203~~152,~~000~~600.00 ~~192~~151,~~612~~608.4751 Group 2 ~~0011977667~~0129078879 NJFL 6585.0500 01-~~Dec~~Jul-~~2002~~2003 ~~416~~131,~~350~~750.00 ~~400~~130,~~154~~217.3545 Group 2 ~~0025383936~~0130783814 CAMD ~~100~~90.00 01-~~Jul~~Sep-2003 ~~159~~252,000.00 ~~152~~246,~~799~~798.4713 Group 2 ~~0028274280~~0134000678 FLCO 9180.7600 01-~~Sep~~Jan-2004 ~~110~~180,~~112~~320.00 ~~108~~175,~~583~~979.3053 Group 2 ~~0043781004~~0135403699 MDAZ ~~100~~83.0067 01-~~Sep~~May-2004 ~~325~~105,~~500~~000.00 ~~321~~103,~~595~~937.2380 Group 2 ~~0044168862~~0136694155 NVMD 6994.0966 01-~~Aug~~Jun-2004 76236,~~000~~550.00 73233,~~531~~744.1675 Group 2 ~~0124996315~~0136961612 IDAZ 9084.0034 01-~~Dec~~Jun-~~2002~~2004 ~~238~~117,~~500~~250.00 ~~232~~116,~~393~~494.0618 Group 2 ~~0128450459~~0137143012 TXMA 7960.5127 01-~~Jun~~May-~~2003~~2004 ~~145~~220,~~500~~000.00 ~~139~~217,~~224~~825.2139 Group 2 ~~0129217006~~0137406948 MSCA 6090.7400 01-Jul-~~2003~~2004 8299,000.00 8098,~~166~~227.3160 Group 2 ~~0132163163~~0137634572 MD 8289.9000 01-~~Oct~~Aug-~~2003~~2004 82178,~~900~~000.00 81175,~~512~~253.9515 Group 2 ~~0132327834~~0138011127 ILFL 9075.00 01-~~Nov~~Jul-~~2003~~2004 ~~106~~247,~~650~~500.00 ~~105~~245,~~227~~015.1318 Group 2 ~~0136187135~~0138175229 NJNV 8385.3300 01-~~Jun~~Sep-2004 ~~450~~132,~~000~~600.00 ~~450~~131,~~000~~549.0058 Group 2 ~~0136493293~~0138319561 CATX ~~100~~75.00 01-~~Jun~~Sep-2004 ~~188~~168,~~000~~750.00 ~~185~~167,~~812~~646.9693 Group 2 ~~0137349007~~0139520043 MAPA 8575.00 01-~~Jul~~Oct-2004 ~~267~~146,~~750~~250.00 ~~264~~145,~~290~~498.8345 Group 2 ~~0139120117~~0139919476 FLIL 6380.4900 01-~~Oct~~Nov-2004 ~~200~~424,~~001~~000.00 ~~197~~424,~~593~~000.1200 Group 2 ~~0139556054~~0142346055 ILCA 6658.0075 01-~~Aug~~Sep-2004 ~~155~~333,~~100~~700.00 ~~153~~327,~~546~~857.2103 Group 2 ~~0139711865~~0214407229 FLCA 7585.00 01-Oct-2004 ~~131~~246,~~250~~415.00 ~~130~~246,~~548~~415.2800 Group 2 ~~0G04110441~~0503120066 MOAZ 80.00 01-~~Jan~~Jun-~~2005~~2004 52130,~~000~~894.00 51130,~~716~~894.4400 Group 2 ~~3500000126~~0617833231 MNCA 9075.00 01-~~Nov~~Feb-~~2004~~2003 ~~189~~596,~~000~~250.00 ~~189~~570,~~000~~711.0094 Group 2 ~~5420000691~~0654881614 AZCA 7989.5690 01-~~Jan~~Oct-~~2005~~2003 ~~144~~719,~~000~~200.00 ~~142~~704,~~680~~487.8458 Group 2 ~~7011006827~~1175000874 FLOR 8098.0018 1001-~~Dec~~Mar-~~1989~~2000 55173,~~200~~825.00 46178,~~096~~235.0980 Group 2 ~~9201114544~~3370001375 ALNV 9176.5581 01-~~Sep~~Nov-2004 52154,~~000~~400.00 51152,~~696~~301.0236

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 ~~0000044735~~0000351036 Loan Paid in Full 0 47.~~875~~750% 360 1437 Group 1 ~~0000537741~~0000775636 Loan Paid in Full 0 6.~~500~~375% 360 33 Group 1 ~~0000844862~~0002906813 Loan Paid in Full 04 7.~~125~~000% 360 3579 Group 1 ~~0002527915~~0004854875 Loan Paid in Full 20 6.~~250~~750% 360 1181 Group 1 ~~0002534187~~0017740036 Loan Paid in Full 0 58.~~375~~000% ~~180~~360 2431 Group 1 ~~0002724925~~0031543127 Loan Paid in Full 0 6.~~000~~375% 360 1012 Group 1 ~~0005680749~~0130023211 ~~Loan~~Liquidation ~~Paid~~5 ~~in Full 0~~ 7.~~000~~875% ~~240~~180 4325 Group 1 ~~0006112479~~0134696343 Loan Paid in Full ~~3 7.375% 120 103 Group~~ (1) ~~0010622386 Loan Paid in Full 0~~ 7.~~250~~500% 360 3617 Group 1 ~~0037038668~~0135593028 Loan Paid in Full 0 76.375% 360 1316 Group 1 ~~0039289426~~0136732633 Loan Paid in Full 0 6.~~875~~000% 360 615 Group 1 ~~0040081951~~0136801123 Loan Paid in Full 30 6.~~375~~250% 360 2313 Group 1 ~~0120303157~~0137033551 Loan Paid in Full 0 6.~~875~~125% ~~180~~360 914 Group 1 ~~0127208957~~0138075957 Loan Paid in Full 50 6.~~980~~250% 360 2712 Group 1 ~~0135957504~~0138566898 Loan Paid in Full 0 6.~~125~~000% 360 1512 Group 1 ~~0136391307~~0139170369 Loan Paid in Full 0 6.~~250~~375% 360 1412 Group 1 ~~0137072393~~0140380254 Loan Paid in Full ~~(3)~~1 65.~~250~~875% 360 147 Group 1 ~~0137192878~~0142007715 Loan Paid in Full 0 67.~~125~~000% 360 1325 Group 1 ~~0137813051~~0142030360 Loan Paid in Full 05 75.~~000~~500% ~~180~~360 1224 Group 1 ~~0139976732~~0142653070 Loan Paid in Full 06 76.~~250~~750% ~~180~~360 1012 Group 1 ~~0142158385~~0200409235 Loan Paid in Full 02 56.500% 360 2345 Group 1 ~~0193964152~~0220927941 Loan Paid in Full 0 6 7.~~000~~125% ~~300~~360 1334 Group 1 ~~0222567547~~0260186184 Loan Paid in Full 0 59.~~500~~125% 360 2460 Group 1 ~~0230304560~~1174010525 Loan Paid in Full 01 56.~~750~~500% ~~180~~360 298 Group 1 ~~1000091305~~1175001980 Loan Paid in Full 0 7.~~000~~375% 360 576 Group 1 ~~1174001837~~1175002242 Loan Paid in Full 0 8.~~500~~375% 360 ~~104~~53 Group 1 ~~1174010360~~1175002403 Loan Paid in Full 0 6.000% 360 3026 Group 1 ~~1175002437~~7000011513 Loan Paid in Full 0 6.~~000~~375% 360 2810 Group 12 ~~6750000235~~0000050186 Loan Paid in Full 0 67.~~500~~000% 360 1012 Group 12 ~~7000011062~~0028483865 Loan Paid in Full 20 84.~~250~~987% ~~360~~480 970 Group 2 ~~0001132281~~0030867964 Loan Paid in Full 0 46.~~250~~375% 360 817 Group 2 ~~0001135982~~0036616027 Loan Paid in Full 0(1) 45.~~750~~250% 360 711 Group 2 ~~0003433894~~0042946939 Loan Paid in Full 0 54.~~500~~875% 360 1115 Group 2 ~~0003727359~~0045387586 Loan Paid in Full 0 5.~~625~~375% 360 11 Group 2 ~~0003964741~~0108403775 Loan Paid in Full 02 35.~~125~~375% 360 1125 Group 2 ~~0010661643~~0120472370 Loan Paid in Full 0 5.~~375~~750% 360 349 Group 2 ~~0011977667~~0129078879 Loan Paid in Full 02 512.~~500~~125% 360 3226 Group 2 ~~0025383936~~0130783814 Loan Paid in Full 01 410.~~625~~000% 360 2524 Group 2 ~~0028274280~~0134000678 Loan Paid in Full ~~(1)~~5 5.~~750~~500% 360 1120 Group 2 ~~0043781004~~0135403699 Loan Paid in Full 0(1) 68.~~125~~875% 360 1116 Group 2 ~~0044168862~~0136694155 Loan Paid in Full 0 57.~~125~~750% 360 1215 Group 2 ~~0124996315~~0136961612 Loan Paid in Full 06 910.~~375~~750% 360 3215 Group 2 ~~0128450459~~0137143012 Loan Paid in Full 0 48.~~250~~990% 360 2616 Group 2 ~~0129217006~~0137406948 Loan Paid in Full 0 89.~~875~~500% 360 2514 Group 2 ~~0132163163~~0137634572 Loan Paid in Full 0 85.~~125~~625% 360 2213 Group 2 ~~0132327834~~0138011127 Loan Paid in Full 23 8.~~875~~250% 360 2114 Group 2 ~~0136187135~~0138175229 Loan Paid in Full 0 58.~~000~~950% 360 1412 Group 2 ~~0136493293~~0138319561 Loan Paid in Full 0 79.~~500~~625% 360 1412 Group 2 ~~0137349007~~0139520043 Loan Paid in Full 02 610.~~625~~375% 360 1311 Group 2 ~~0139120117~~0139919476 Loan Paid in Full 04 54.~~625~~750% 360 10 Group 2 ~~0139556054~~0142346055 Loan Paid in Full 0 74.500% 360 12 Group 2 ~~0139711865~~0214407229 Loan Paid in Full 0 95.750% 360 1011 Group 2 ~~0G04110441~~0503120066 Loan Paid in Full 04 85.~~400~~000% 360 715 Group 2 ~~3500000126~~0617833231 Loan Paid in Full 01 74.~~000~~750% 360 931 Group 2 ~~5420000691~~0654881614 Loan Paid in Full 0 5.~~625~~777% 360 723 Group 2 ~~7011006827~~1175000874 Loan Paid in Full 0 75.~~000~~750% ~~480~~360 ~~188~~66 Group 2 ~~9201114544~~3370001375 Loan Paid in Full 20 95.~~750~~000% 360 1110

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 23.~~736~~121% Current Month 2831.~~319~~650% Current Month ~~783~~834.~~455~~654% 3 Month Average 2.~~498~~668% 3 Month Average 2627.~~150~~628% 3 Month Average ~~763~~762.~~313~~349% 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 10.425% N/A May-2005 335.815% N/A Jun-2005 27.217% N/A Jun-2005 837.545% N/A Jul-2005 22.914% N/A Jul-2005 668.939% N/A Aug-2005 28.319% N/A Aug-2005 783.455% N/A Sep-2005 31.650% N/A Sep-2005 834.654% 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 SMM CPR PSA Current Month 2.~~224~~123% Current Month 2322.~~650~~698% Current Month ~~659~~606.~~953~~365% 3 Month Average 1.~~608~~847% 3 Month Average 1719.~~564~~931% 3 Month Average ~~512~~553.~~021~~432% 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 14.502% N/A May-2005 477.962% N/A Jun-2005 15.596% N/A Jun-2005 482.132% N/A Jul-2005 13.446% N/A Jul-2005 393.978% N/A Aug-2005 23.650% N/A Aug-2005 659.953% N/A Sep-2005 22.698% N/A Sep-2005 606.365% 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 SMM CPR PSA Current Month 34.~~291~~212% Current Month 3340.~~072~~337% Current Month ~~906~~1,048.~~399~~671% 3 Month Average 3.~~435~~552% 3 Month Average 3435.~~219~~105% 3 Month Average ~~996~~960.~~034~~966% 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 5.983% N/A May-2005 188.322% N/A Jun-2005 37.677% N/A Jun-2005 1,153.874% N/A Jul-2005 31.907% N/A Jul-2005 927.829% N/A Aug-2005 33.072% N/A Aug-2005 906.399% N/A Sep-2005 40.337% N/A Sep-2005 1,048.671% 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~~028% Current Month 0.~~000~~877% 3 Month Average 0.~~000~~009% 3 Month Average 0.~~000~~292% 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% 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 0.028% N/A Sep-2005 0.877% 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~~332% Current Month 0.000% 3 Month Average 0.~~000~~111% 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% 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 0.332% 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 MDR SDA Current Month 0.~~000~~053% Current Month 01.~~000~~698% 3 Month Average 0.~~000~~018% 3 Month Average 0.~~000~~566% 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% 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 0.053% N/A Sep-2005 1.698% 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~~636% Current Month 0.000% 3 Month Average 0.~~000~~212% 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% 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 0.636% 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 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% 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 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% 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 · Bears Stearns Asset Backed Securities Trust 2005-SD2