8-K 1 bsa05ac2_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 I TRUST Asset Backed Securities, Series 2005-AC2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-30 Pooling and Servicing Agreement) (Commission 54-2169438 (State or other File Number) 54-2169439 jurisdiction 54-2169440 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 BEAR STEARNS ASSET BACKED SECURITIES I TRUST, Asset Backed Securities, Series 2005-AC2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Securities, Series 2005-AC2 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 I TRUST Asset Backed Securities, Series 2005-AC2 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 Securities, Series 2005-AC2 Trust, relating to the September 26, 2005 distribution. EX-99.1

Bear Stearns Asset Backed Securities Asset Backed Securities Record Date: 78/2931/2005 Distribution Date: 89/2526/2005 Bear Stearns Asset Backed Securities Asset Backed Securities Series 2005-AC2 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 073879SL3 SEN 5.25000% ~~273~~266,~~153~~247,~~074~~971.8493 1,~~195~~164,~~044~~834.7088 I-M-1 073879SM1 MEZ 34.~~91000~~09125% 18,~~648~~176,~~102~~692.2535 6264,~~787~~036.1287 I-M-2 073879SN9 MEZ 4.~~11000~~29125% 19,~~683~~186,~~742~~152.1303 6970,~~664~~897.0450 I-M-3 073879SP4 MEZ 4.~~14000~~32125% 6,~~734~~563,~~010~~780.7910 24,~~006~~424.7533 I-B-1 073879SQ2 SUB 4.~~76000~~94125% 87,~~114~~909,~~863~~726.9735 33,~~261~~655.9361 I-B-2 073879SR0 SUB 45.~~86000~~04125% 5,~~352,~~216,917.9900 22,~~399~~647.0304 I-B-3 073879SS8 SUB 5.~~31000~~49125% 10,~~533~~266,~~238~~966.2800 48,~~163~~548.2313 II-A-1 073879ST6 SEN 5.25000% ~~129~~127,~~445~~071,~~726~~155.3686 ~~566~~555,~~325~~936.0531 II-A-2 073879SU3 SEN 3.~~81000~~99125% 12,~~269~~044,~~203~~135.6364 4041,~~253~~394.2161 II-M-1 073879SV1 MEZ 34.~~92000~~10125% 1312,~~165~~924,~~943~~425.5968 4445,~~442~~644.3731 II-M-2 073879SW9 MEZ 4.~~11000~~29125% 109,~~057~~872,~~370~~876.1333 3536,~~594~~482.7168 II-M-3 073879SX7 MEZ 4.~~14000~~32125% 3,~~565~~499,~~385~~981.5562 1213,~~710~~023.6070 II-B-1 073879SY5 SUB 4.~~66000~~84125% 4,~~297~~218,~~035~~209.3189 17,~~243~~585.0510 II-B-2 073879SZ2 SUB 4.~~76000~~94125% 3,~~657~~590,~~310~~220.7856 1415,~~990~~276.9126 II-B-3 073879TA6 SUB 5.~~31000~~49125% 4,~~937~~847,~~697~~120.8503 22,~~577~~919.6298 I-C 073879TE8 OC 0.00000% 3,304,091.18 ~~303~~284,~~533~~977.6482 II-C 073879TG3 OC 0.00000% 1,559,542.63 ~~209~~198,~~685~~455.3948 I-P 073879TF5 SEN 0.00000% 100.00 615,~~919~~327.8818 II-P 073879TH1 SEN 0.00000% 100.00 196,~~080~~803.2245 I-R-1 073879TB4 RES 0.00000% 0.00 0.00 I-R-2 073879TC2 RES 0.00000% 0.00 0.00 II-R 073879TD0 RES 0.00000% 0.00 0.00 Totals ~~528~~516,~~478~~500,~~756~~165.2618 2,~~748~~682,~~683~~871.4524

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A 67,~~905~~583,~~102~~300.9135 0.00 ~~266~~258,~~247~~664,~~971~~671.9359 8,~~100~~748,~~147~~135.6123 0.00 I-M-1 ~~471~~517,~~409~~710.9030 0.00 1817,~~176~~658,~~692~~982.3505 ~~534~~581,~~197~~747.0217 0.00 I-M-2 ~~497~~546,~~590~~461.1083 0.00 1918,~~186~~639,~~152~~690.0320 ~~567~~617,~~254~~359.1433 0.00 I-M-3 ~~170~~186,~~230~~950.6922 0.00 6,~~563~~376,~~780~~829.1088 ~~194~~211,~~237~~374.4455 0.00 I-B-1 ~~205~~225,~~137~~285.6259 0.00 7,~~909~~684,~~726~~440.3576 ~~238~~258,~~399~~941.5520 0.00 I-B-2 ~~135~~148,~~299~~588.9973 0.00 5,~~216~~068,~~917~~328.0026 ~~157~~171,~~699~~235.0277 0.00 I-B-3 ~~266~~292,~~272~~424.2971 0.00 109,~~266~~974,~~966~~541.0028 ~~314~~340,~~435~~972.5284 0.00 II-A-1 21,~~374~~340,~~570~~136.5073 0.00 ~~127~~125,~~071~~731,~~155~~019.8613 21,~~940~~896,~~895~~073.5504 0.00 II-A-2 ~~225~~127,~~067~~021.9966 0.00 1211,~~044~~917,~~135~~113.6499 ~~265~~168,~~321~~416.2027 0.00 II-M-1 ~~241~~136,~~517~~305.9150 0.00 12,~~924~~788,~~425~~120.6818 ~~285~~181,~~960~~949.2881 0.00 II-M-2 ~~184~~104,~~493~~122.80 0.00 9,~~872~~768,~~876~~753.3353 ~~220~~140,~~088~~605.5148 0.00 II-M-3 6536,~~403~~912.9303 0.00 3,~~499~~463,~~981~~069.6259 7849,~~114~~935.5373 0.00 II-B-1 7844,~~825~~486.4271 0.00 4,~~218~~173,~~209~~723.8918 9662,~~068~~071.4781 0.00 II-B-2 6737,~~090~~863.2272 0.00 3,~~590~~552,~~220~~356.5684 8253,~~081~~139.1398 0.00 II-B-3 9051,~~577~~119.8242 0.00 4,~~847~~796,~~120~~000.0361 ~~113~~74,~~155~~039.4440 0.00 I-C 0.00 0.00 3,304,091.18 ~~303~~284,~~533~~977.6482 0.00 II-C 0.00 0.00 1,559,542.63 ~~209~~198,~~685~~455.3948 0.00 I-P 0.00 0.00 100.00 615,~~919~~327.8818 0.00 II-P 0.00 0.00 100.00 196,~~080~~803.2245 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 Totals 11,~~978~~378,~~591~~690.0930 0.00 ~~516~~505,~~500~~121,~~165~~474.1888 14,~~727~~061,~~274~~561.54 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 290,392,000.00 ~~273~~266,~~153~~247,~~074~~971.8493 0.00 67,~~905~~583,~~102~~300.9135 0.00 0.00 I-M-1 19,825,000.00 18,~~648~~176,~~102~~692.2535 0.00 ~~471~~517,~~409~~710.9030 0.00 0.00 I-M-2 20,926,000.00 19,~~683~~186,~~742~~152.1303 0.00 ~~497~~546,~~590~~461.1083 0.00 0.00 I-M-3 7,159,000.00 6,~~734~~563,~~010~~780.7910 0.00 ~~170~~186,~~230~~950.6922 0.00 0.00 I-B-1 8,627,000.00 87,~~114~~909,~~863~~726.9735 0.00 ~~205~~225,~~137~~285.6259 0.00 0.00 I-B-2 5,690,000.00 5,~~352,~~216,917.9900 0.00 ~~135~~148,~~299~~588.9973 0.00 0.00 I-B-3 11,198,000.00 10,~~533~~266,~~238~~966.2800 0.00 ~~266~~292,~~272~~424.2971 0.00 0.00 II-A-1 138,000,000.00 ~~129~~127,~~445~~071,~~726~~155.3686 0.00 21,~~374~~340,~~570~~136.5073 0.00 0.00 II-A-2 13,080,000.00 12,~~269~~044,~~203~~135.6364 0.00 ~~225~~127,~~067~~021.9966 0.00 0.00 II-M-1 14,036,000.00 1312,~~165~~924,~~943~~425.5968 0.00 ~~241~~136,~~517~~305.9150 0.00 0.00 II-M-2 10,722,000.00 109,~~057~~872,~~370~~876.1333 0.00 ~~184~~104,~~493~~122.80 0.00 0.00 II-M-3 3,801,000.00 3,~~565~~499,~~385~~981.5562 0.00 6536,~~403~~912.9303 0.00 0.00 II-B-1 4,581,000.00 4,~~297~~218,~~035~~209.3189 0.00 7844,~~825~~486.4271 0.00 0.00 II-B-2 3,899,000.00 3,~~657~~590,~~310~~220.7856 0.00 6737,~~090~~863.2272 0.00 0.00 II-B-3 5,264,000.00 4,~~937~~847,~~697~~120.8503 0.00 9051,~~577~~119.8242 0.00 0.00 I-C 3,304,271.18 3,304,091.18 0.00 0.00 0.00 0.00 II-C 1,559,788.63 1,559,542.63 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 562,064,259.81 ~~528~~516,~~478~~500,~~756~~165.2618 0.00 11,~~978~~378,~~591~~690.0930 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 67,~~905~~583,~~102~~300.9135 ~~266~~258,~~247~~664,~~971~~671.9359 0.~~91685712~~89074310 67,~~905~~583,~~102~~300.9135 I-M-1 ~~471~~517,~~409~~710.9030 1817,~~176~~658,~~692~~982.3505 0.~~91685712~~89074310 ~~471~~517,~~409~~710.9030 I-M-2 ~~497~~546,~~590~~461.1083 1918,~~186~~639,~~152~~690.0320 0.~~91685712~~89074310 ~~497~~546,~~590~~461.1083 I-M-3 ~~170~~186,~~230~~950.6922 6,~~563~~376,~~780~~829.1088 0.~~91685712~~89074310 ~~170~~186,~~230~~950.6922 I-B-1 ~~205~~225,~~137~~285.6259 7,~~909~~684,~~726~~440.3576 0.~~91685712~~89074310 ~~205~~225,~~137~~285.6259 I-B-2 ~~135~~148,~~299~~588.9973 5,~~216~~068,~~917~~328.0026 0.~~91685712~~89074310 ~~135~~148,~~299~~588.9973 I-B-3 ~~266~~292,~~272~~424.2971 109,~~266~~974,~~966~~541.0028 0.~~91685712~~89074310 ~~266~~292,~~272~~424.2971 II-A-1 21,~~374~~340,~~570~~136.5073 ~~127~~125,~~071~~731,~~155~~019.8613 0.~~92080548~~91109434 21,~~374~~340,~~570~~136.5073 II-A-2 ~~225~~127,~~067~~021.9966 1211,~~044~~917,~~135~~113.6499 0.~~92080548~~91109434 ~~225~~127,~~067~~021.9966 II-M-1 ~~241~~136,~~517~~305.9150 12,~~924~~788,~~425~~120.6818 0.~~92080548~~91109434 ~~241~~136,~~517~~305.9150 II-M-2 ~~184~~104,~~493~~122.80 9,~~872~~768,~~876~~753.3353 0.~~92080548~~91109434 ~~184~~104,~~493~~122.80 II-M-3 6536,~~403~~912.9303 3,~~499~~463,~~981~~069.6259 0.~~92080548~~91109434 6536,~~403~~912.9303 II-B-1 7844,~~825~~486.4271 4,~~218~~173,~~209~~723.8918 0.~~92080548~~91109434 7844,~~825~~486.4271 II-B-2 6737,~~090~~863.2272 3,~~590~~552,~~220~~356.5684 0.~~92080548~~91109434 6737,~~090~~863.2272 II-B-3 9051,~~577~~119.8242 4,~~847~~796,~~120~~000.0361 0.~~92080548~~91109434 9051,~~577~~119.8242 I-C 0.00 3,304,091.18 0.99994553 0.00 II-C 0.00 1,559,542.63 0.99984229 0.00 I-P 0.00 100.00 1.00000000 0.00 II-P 0.00 100.00 1.00000000 0.00 I-R-1 0.00 0.00 0.00000000 0.00 I-R-2 0.00 0.00 0.00000000 0.00 II-R 0.00 0.00 0.00000000 0.00 Totals 11,~~978~~378,~~591~~690.0930 ~~516~~505,~~500~~121,~~165~~474.1888 0.~~91893437~~89868990 11,~~978~~378,~~591~~690.0930

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 290,392,000.00 ~~940~~916.~~63567467~~85711703 0.00000000 2326.~~77855764~~11401261 0.00000000 I-M-1 19,825,000.00 ~~940~~916.~~63567465~~85711728 0.00000000 2326.~~77855738~~11401261 0.00000000 I-M-2 20,926,000.00 ~~940~~916.~~63567476~~85711698 0.00000000 2326.~~77855778~~11401271 0.00000000 I-M-3 7,159,000.00 ~~940~~916.~~63567398~~85711692 0.00000000 2326.~~77855706~~11401313 0.00000000 I-B-1 8,627,000.00 ~~940~~916.~~63567521~~85711719 0.00000000 2326.~~77855802~~11401298 0.00000000 I-B-2 5,690,000.00 ~~940~~916.~~63567487~~85711775 0.00000000 2326.~~77855712~~11401230 0.00000000 I-B-3 11,198,000.00 ~~940~~916.~~63567423~~85711734 0.00000000 2326.~~77855778~~11401232 0.00000000 II-A-1 138,000,000.00 ~~938~~920.~~01250986~~80547725 0.00000000 179.~~20703261~~71113572 0.00000000 II-A-2 13,080,000.00 ~~938~~920.~~01250994~~80547706 0.00000000 179.~~20703287~~71113609 0.00000000 II-M-1 14,036,000.00 ~~938~~920.~~01250997~~80547734 0.00000000 179.~~20703263~~71113565 0.00000000 II-M-2 10,722,000.00 ~~938~~920.~~01250979~~80547752 0.00000000 179.~~20703227~~71113598 0.00000000 II-M-3 3,801,000.00 ~~938~~920.~~01250987~~80547751 0.00000000 179.~~20703236~~71113654 0.00000000 II-B-1 4,581,000.00 ~~938~~920.~~01251037~~80547697 0.00000000 179.~~20703340~~71113512 0.00000000 II-B-2 3,899,000.00 ~~938~~920.~~01251090~~80547833 0.00000000 179.~~20703257~~71113619 0.00000000 II-B-3 5,264,000.00 ~~938~~920.~~01250950~~80547682 0.00000000 179.~~20703267~~71113602 0.00000000 I-C 3,304,271.18 999.94552505 0.00000000 0.00000000 0.00000000 II-C 1,559,788.63 999.84228632 0.00000000 0.00000000 0.00000000 I-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 2326.~~77855764~~11401261 ~~916~~890.~~85711703~~74310446 0.~~91685712~~89074310 2326.~~77855764~~11401261 I-M-1 0.00000000 2326.~~77855738~~11401261 ~~916~~890.~~85711728~~74310467 0.~~91685712~~89074310 2326.~~77855738~~11401261 I-M-2 0.00000000 2326.~~77855778~~11401271 ~~916~~890.~~85711698~~74310427 0.~~91685712~~89074310 2326.~~77855778~~11401271 I-M-3 0.00000000 2326.~~77855706~~11401313 ~~916~~890.~~85711692~~74310379 0.~~91685712~~89074310 2326.~~77855706~~11401313 I-B-1 0.00000000 2326.~~77855802~~11401298 ~~916~~890.~~85711719~~74310421 0.~~91685712~~89074310 2326.~~77855802~~11401298 I-B-2 0.00000000 2326.~~77855712~~11401230 ~~916~~890.~~85711775~~74310369 0.~~91685712~~89074310 2326.~~77855712~~11401230 I-B-3 0.00000000 2326.~~77855778~~11401232 ~~916~~890.~~85711734~~74310413 0.~~91685712~~89074310 2326.~~77855778~~11401232 II-A-1 0.00000000 179.~~20703261~~71113572 ~~920~~911.~~80547725~~09434152 0.~~92080548~~91109434 179.~~20703261~~71113572 II-A-2 0.00000000 179.~~20703287~~71113609 ~~920~~911.~~80547706~~09434174 0.~~92080548~~91109434 179.~~20703287~~71113609 II-M-1 0.00000000 179.~~20703263~~71113565 ~~920~~911.~~80547734~~09434169 0.~~92080548~~91109434 179.~~20703263~~71113565 II-M-2 0.00000000 179.~~20703227~~71113598 ~~920~~911.~~80547752~~09434154 0.~~92080548~~91109434 179.~~20703227~~71113598 II-M-3 0.00000000 179.~~20703236~~71113654 ~~920~~911.~~80547751~~09434096 0.~~92080548~~91109434 179.~~20703236~~71113654 II-B-1 0.00000000 179.~~20703340~~71113512 ~~920~~911.~~80547697~~09434185 0.~~92080548~~91109434 179.~~20703340~~71113512 II-B-2 0.00000000 179.~~20703257~~71113619 ~~920~~911.~~80547833~~09434214 0.~~92080548~~91109434 179.~~20703257~~71113619 II-B-3 0.00000000 179.~~20703267~~71113602 ~~920~~911.~~80547682~~09434081 0.~~92080548~~91109434 179.~~20703267~~71113602 I-C 0.00000000 0.00000000 999.94552505 0.99994553 0.00000000 II-C 0.00000000 0.00000000 999.84228632 0.99984229 0.00000000 I-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-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 290,392,000.00 5.25000% ~~273~~266,~~153~~247,~~074~~971.8493 1,~~195~~164,~~044~~834.7088 0.00 0.00 I-M-1 19,825,000.00 34.~~91000~~09125% 18,~~648~~176,~~102~~692.2535 6264,~~787~~036.1287 0.00 0.00 I-M-2 20,926,000.00 4.~~11000~~29125% 19,~~683~~186,~~742~~152.1303 6970,~~664~~897.0450 0.00 0.00 I-M-3 7,159,000.00 4.~~14000~~32125% 6,~~734~~563,~~010~~780.7910 24,~~006~~424.7533 0.00 0.00 I-B-1 8,627,000.00 4.~~76000~~94125% 87,~~114~~909,~~863~~726.9735 33,~~261~~655.9361 0.00 0.00 I-B-2 5,690,000.00 45.~~86000~~04125% 5,~~352,~~216,917.9900 22,~~399~~647.0304 0.00 0.00 I-B-3 11,198,000.00 5.~~31000~~49125% 10,~~533~~266,~~238~~966.2800 48,~~163~~548.2313 0.00 0.00 II-A-1 138,000,000.00 5.25000% ~~129~~127,~~445~~071,~~726~~155.3686 ~~566~~555,~~325~~936.0531 0.00 0.00 II-A-2 13,080,000.00 3.~~81000~~99125% 12,~~269~~044,~~203~~135.6364 4041,~~253~~394.2161 0.00 0.00 II-M-1 14,036,000.00 34.~~92000~~10125% 1312,~~165~~924,~~943~~425.5968 4445,~~442~~644.3731 0.00 0.00 II-M-2 10,722,000.00 4.~~11000~~29125% 109,~~057~~872,~~370~~876.1333 3536,~~594~~482.7168 0.00 0.00 II-M-3 3,801,000.00 4.~~14000~~32125% 3,~~565~~499,~~385~~981.5562 1213,~~710~~023.6070 0.00 0.00 II-B-1 4,581,000.00 4.~~66000~~84125% 4,~~297~~218,~~035~~209.3189 17,~~243~~585.0510 0.00 0.00 II-B-2 3,899,000.00 4.~~76000~~94125% 3,~~657~~590,~~310~~220.7856 1415,~~990~~276.9126 0.00 0.00 II-B-3 5,264,000.00 5.~~31000~~49125% 4,~~937~~847,~~697~~120.8503 22,~~577~~919.6298 0.00 0.00 I-C 3,304,271.18 0.00000% 3,304,091.18 0.00 0.00 0.00 II-C 1,559,788.63 0.00000% 1,559,542.63 0.00 0.00 0.00 I-P 100.00 0.00000% 100.00 0.00 0.00 0.00 II-P 100.00 0.00000% 100.00 0.00 0.00 0.00 I-R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 II-R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 562,064,259.81 2,~~209~~177,~~464~~307.3231 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 0.00 0.00 1,~~195~~164,~~044~~834.7088 0.00 ~~266~~258,~~247~~664,~~971~~671.9359 I-M-1 0.00 0.00 6264,~~787~~036.1287 0.00 1817,~~176~~658,~~692~~982.3505 I-M-2 0.00 0.00 6970,~~664~~897.0450 0.00 1918,~~186~~639,~~152~~690.0320 I-M-3 0.00 0.00 24,~~006~~424.7533 0.00 6,~~563~~376,~~780~~829.1088 I-B-1 0.00 0.00 33,~~261~~655.9361 0.00 7,~~909~~684,~~726~~440.3576 I-B-2 0.00 0.00 22,~~399~~647.0304 0.00 5,~~216~~068,~~917~~328.0026 I-B-3 0.00 0.00 48,~~163~~548.2313 0.00 109,~~266~~974,~~966~~541.0028 II-A-1 0.00 0.00 ~~566~~555,~~325~~936.0531 0.00 ~~127~~125,~~071~~731,~~155~~019.8613 II-A-2 0.00 0.00 4041,~~253~~394.2161 0.00 1211,~~044~~917,~~135~~113.6499 II-M-1 0.00 0.00 4445,~~442~~644.3731 0.00 12,~~924~~788,~~425~~120.6818 II-M-2 0.00 0.00 3536,~~594~~482.7168 0.00 9,~~872~~768,~~876~~753.3353 II-M-3 0.00 0.00 1213,~~710~~023.6070 0.00 3,~~499~~463,~~981~~069.6259 II-B-1 0.00 0.00 17,~~243~~585.0510 0.00 4,~~218~~173,~~209~~723.8918 II-B-2 0.00 0.00 1415,~~990~~276.9126 0.00 3,~~590~~552,~~220~~356.5684 II-B-3 0.00 0.00 22,~~577~~919.6298 0.00 4,~~847~~796,~~120~~000.0361 I-C 0.00 0.00 ~~303~~284,~~533~~977.6482 0.00 3,304,091.18 II-C 0.00 0.00 ~~209~~198,~~685~~455.3948 0.00 1,559,542.63 I-P 0.00 0.00 615,~~919~~327.8818 0.00 100.00 II-P 0.00 0.00 196,~~080~~803.2245 0.00 100.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~748~~682,~~683~~871.4524 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 290,392,000.00 5.25000% ~~940~~916.~~63567467~~85711703 4.~~11528107~~01124990 0.00000000 0.00000000 I-M-1 19,825,000.00 34.~~91000~~09125% ~~940~~916.~~63567465~~85711728 3.~~16706784~~23010694 0.00000000 0.00000000 I-M-2 20,926,000.00 4.~~11000~~29125% ~~940~~916.~~63567476~~85711698 3.~~32906623~~38801013 0.00000000 0.00000000 I-M-3 7,159,000.00 4.~~14000~~32125% ~~940~~916.~~63567398~~85711692 3.~~35336639~~41169577 0.00000000 0.00000000 I-B-1 8,627,000.00 4.~~76000~~94125% ~~940~~916.~~63567521~~85711719 3.~~85556161~~90119509 0.00000000 0.00000000 I-B-2 5,690,000.00 45.~~86000~~04125% ~~940~~916.~~63567487~~85711775 3.~~93656063~~98014763 0.00000000 0.00000000 I-B-3 11,198,000.00 5.~~31000~~49125% ~~940~~916.~~63567423~~85711734 4.~~30105644~~33542865 0.00000000 0.00000000 II-A-1 138,000,000.00 5.25000% ~~938~~920.~~01250986~~80547725 4.~~10380471~~02852399 0.00000000 0.00000000 II-A-2 13,080,000.00 3.~~81000~~99125% ~~938~~920.~~01250994~~80547706 3.~~07746254~~16472554 0.00000000 0.00000000 II-M-1 14,036,000.00 34.~~92000~~10125% ~~938~~920.~~01250997~~80547734 3.~~16631305~~25194571 0.00000000 0.00000000 II-M-2 10,722,000.00 4.~~11000~~29125% ~~938~~920.~~01250979~~80547752 3.~~31978269~~40260026 0.00000000 0.00000000 II-M-3 3,801,000.00 4.~~14000~~32125% ~~938~~920.~~01250987~~80547751 3.~~34401473~~42638779 0.00000000 0.00000000 II-B-1 4,581,000.00 4.~~66000~~84125% ~~938~~920.~~01251037~~80547697 3.~~76403624~~83870334 0.00000000 0.00000000 II-B-2 3,899,000.00 4.~~76000~~94125% ~~938~~920.~~01251090~~80547833 3.~~84480893~~91799436 0.00000000 0.00000000 II-B-3 5,264,000.00 5.~~31000~~49125% ~~938~~920.~~01250950~~80547682 4.~~28906155~~35409954 0.00000000 0.00000000 I-C 3,304,271.18 0.00000% 999.94552505 0.00000000 0.00000000 0.00000000 II-C 1,559,788.63 0.00000% 999.84228632 0.00000000 0.00000000 0.00000000 I-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 4.~~11528107~~01124990 0.00000000 ~~916~~890.~~85711703~~74310446 I-M-1 0.00000000 0.00000000 3.~~16706784~~23010694 0.00000000 ~~916~~890.~~85711728~~74310467 I-M-2 0.00000000 0.00000000 3.~~32906623~~38801013 0.00000000 ~~916~~890.~~85711698~~74310427 I-M-3 0.00000000 0.00000000 3.~~35336639~~41169577 0.00000000 ~~916~~890.~~85711692~~74310379 I-B-1 0.00000000 0.00000000 3.~~85556161~~90119509 0.00000000 ~~916~~890.~~85711719~~74310421 I-B-2 0.00000000 0.00000000 3.~~93656063~~98014763 0.00000000 ~~916~~890.~~85711775~~74310369 I-B-3 0.00000000 0.00000000 4.~~30105644~~33542865 0.00000000 ~~916~~890.~~85711734~~74310413 II-A-1 0.00000000 0.00000000 4.~~10380471~~02852399 0.00000000 ~~920~~911.~~80547725~~09434152 II-A-2 0.00000000 0.00000000 3.~~07746254~~16472554 0.00000000 ~~920~~911.~~80547706~~09434174 II-M-1 0.00000000 0.00000000 3.~~16631305~~25194571 0.00000000 ~~920~~911.~~80547734~~09434169 II-M-2 0.00000000 0.00000000 3.~~31978269~~40260026 0.00000000 ~~920~~911.~~80547752~~09434154 II-M-3 0.00000000 0.00000000 3.~~34401473~~42638779 0.00000000 ~~920~~911.~~80547751~~09434096 II-B-1 0.00000000 0.00000000 3.~~76403624~~83870334 0.00000000 ~~920~~911.~~80547697~~09434185 II-B-2 0.00000000 0.00000000 3.~~84480893~~91799436 0.00000000 ~~920~~911.~~80547833~~09434214 II-B-3 0.00000000 0.00000000 4.~~28906155~~35409954 0.00000000 ~~920~~911.~~80547682~~09434081 I-C 0.00000000 0.00000000 9186.~~86099550~~24528814 0.00000000 999.94552505 II-C 0.00000000 0.00000000 ~~134~~127.~~43192620~~23229044 0.00000000 999.84228632 I-P 0.00000000 0.00000000 ~~69198~~153271.80000000 0.00000000 1000.00000000 II-P 0.00000000 0.00000000 ~~190802~~68034.~~20000000~~50000000 0.00000000 1000.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-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 14,~~727~~163,~~495~~717.5061 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~134~~139,~~397~~845.4049 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 14,~~861~~303,~~892~~563.9010 Withdrawals Reimbursement for Servicer Advances 24134,~~518~~397.6440 Payment of Service Fee ~~110~~107,~~099~~604.7016 Payment of Interest and Principal 14,~~727~~061,~~274~~561.5654 Total Withdrawals (Pool Distribution Amount) 14,~~861~~303,~~892~~563.9010 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~110~~107,~~099~~604.7016 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~110~~107,~~099~~604.7016

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 3 0 0 3 324,~~283~~031.8009 0.00 0.00 324,~~283~~031.8009 30 Days 7259 0 0 0 7259 1514,~~577~~919,~~034~~284.5579 0.00 0.00 0.00 1514,~~577~~919,~~034~~284.5579 60 Days 19 01 0 0 1920 3,~~398~~865,~~163~~922.8271 098,727.0018 0.00 0.00 3,~~398~~964,~~163~~649.8289 90 Days 46 12 02 0 510 1,~~371~~291,~~612~~944.0728 ~~143~~684,~~347~~516.6976 0213,570.0024 0.00 12,~~514~~190,~~959~~031.7628 120 Days 31 01 1 0 43 175,~~381,528~~900.~~28 0.~~00 143,~~567~~347.7669 510,764.37 0.00 1730,~~525,096~~012.0406 150 Days 02 01 0 0 03 0982,523.0027 0143,567.0076 0.00 0.00 01,126,091.0003 180+ Days 0 0 0 1 1 0.00 0.00 0.00 59,853.28 59,853.28 Totals 9887 48 13 1 ~~104~~99 21,~~728~~135,~~338~~575.7205 ~~467~~1,~~631~~394,190.4948 ~~143~~724,~~567~~334.7661 59,853.28 2223,~~399~~313,~~391~~953.2542 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.~~125313~~127768% 0.000000% 0.000000% 0.~~125313~~127768% 0.~~062754~~064117% 0.000000% 0.000000% 0.~~062754~~064117% 30 Days 32.~~007519~~512777% 0.000000% 0.000000% 0.000000% 32.~~007519~~512777% 32.~~014384~~952132% 0.000000% 0.000000% 0.000000% 32.~~014384~~952132% 60 Days 0.~~793651~~809199% 0.~~000000~~042589% 0.000000% 0.000000% 0.~~793651~~851789% 0.~~657594~~764964% 0.~~000000~~019535% 0.000000% 0.000000% 0.~~657594~~784499% 90 Days 0.~~167084~~255537% 0.~~041771~~085179% 0.~~000000~~085179% 0.000000% 0.~~208855~~425894% 0.~~265427~~255642% 0.~~027740~~135448% 0.~~000000~~042260% 0.000000% 0.~~293167~~433349% 120 Days 0.~~125313~~042589% 0.~~000000~~042589% 0.~~041771~~042589% 0.000000% 0.~~167084~~127768% 0.~~267346~~015019% 0.~~000000~~028365% 0.~~027782~~101067% 0.000000% 0.~~295128~~144450% 150 Days 0.~~000000~~085179% 0.~~000000~~042589% 0.000000% 0.000000% 0.~~000000~~127768% 0.~~000000~~194415% 0.~~000000~~028408% 0.000000% 0.000000% 0.~~000000~~222824% 180+ Days 0.000000% 0.000000% 0.000000% 0.~~041771~~042589% 0.~~041771~~042589% 0.000000% 0.000000% 0.000000% 0.~~011582~~011843% 0.~~011582~~011843% Totals 43.~~093567~~705281% 0.~~167084~~340716% 0.~~041771~~127768% 0.~~041771~~042589% 4.~~344194~~216354% 4.~~204751~~182171% 0.~~090494~~275873% 0.~~027782~~143327% 0.~~011582~~011843% 4.~~334610~~613214%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4741 0 0 0 4741 1011,~~499~~443,~~481~~609.7788 0.00 0.00 0.00 1011,~~499~~443,~~481~~609.7788 60 Days 1413 01 0 0 14 2,~~791~~938,~~716~~016.8273 098,727.0018 0.00 0.00 23,~~791~~036,~~716~~743.8291 90 Days 15 12 02 0 29 ~~510~~893,~~764~~541.3773 ~~143~~684,~~347~~516.6976 0213,570.0024 0.00 ~~654~~1,~~112~~791,628.0673 120 Days 0 01 1 0 12 0.00 0143,347.0069 ~~143~~510,~~567~~764.7637 0.00 ~~143~~654,~~567~~112.7606 150 Days 0 01 0 0 01 0.00 0143,567.0076 0.00 0.00 0143,567.0076 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6259 15 13 0 6467 1315,~~801~~275,~~962~~168.9634 ~~143~~1,~~347~~070,159.6939 ~~143~~724,~~567~~334.7661 0.00 1417,~~088~~069,~~878~~662.4134 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 32.~~075916~~747989% 0.000000% 0.000000% 0.000000% 32.~~075916~~747989% 3.~~115460~~494111% 0.000000% 0.000000% 0.000000% 3.~~115460~~494111% 60 Days 0.~~916230~~871314% 0.~~000000~~067024% 0.000000% 0.000000% 0.~~916230~~938338% 0.~~828372~~897073% 0.~~000000~~030145% 0.000000% 0.000000% 0.~~828372~~927218% 90 Days 0.~~065445~~335121% 0.~~065445~~134048% 0.~~000000~~134048% 0.000000% 0.~~130890~~603217% 0.~~151557~~272828% 0.~~042535~~209005% 0.~~000000~~065210% 0.000000% 0.~~194091~~547043% 120 Days 0.000000% 0.~~000000~~067024% 0.~~065445~~067024% 0.000000% 0.~~065445~~134048% 0.000000% 0.~~000000~~043769% 0.~~042600~~155953% 0.000000% 0.~~042600~~199722% 150 Days 0.000000% 0.~~000000~~067024% 0.000000% 0.000000% 0.~~000000~~067024% 0.000000% 0.~~000000~~043836% 0.000000% 0.000000% 0.~~000000~~043836% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 43.~~057592~~954424% 0.~~065445~~335121% 0.~~065445~~201072% 0.000000% 4.~~188482~~490617% 4.~~095389~~664012% 0.~~042535~~326755% 0.~~042600~~221163% 0.000000% 45.~~180524~~211930% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 3 0 0 3 324,~~283~~031.8009 0.00 0.00 324,~~283~~031.8009 30 Days 2518 0 0 0 2518 53,~~077~~475,~~552~~674.7891 0.00 0.00 0.00 53,~~077~~475,~~552~~674.7891 60 Days 56 0 0 0 56 ~~606~~927,~~447~~905.0098 0.00 0.00 0.00 ~~606~~927,~~447~~905.0098 90 Days 31 0 0 0 31 ~~860~~398,~~847~~402.7055 0.00 0.00 0.00 ~~860~~398,~~847~~402.7055 120 Days 31 0 0 0 3 1 75,~~381,528~~900.2800 0.00 0.00 0.00 175,~~381,528~~900.2800 150 Days 02 0 0 0 02 0982,523.0027 0.00 0.00 0.00 0982,523.0027 180+ Days 0 0 0 1 1 0.00 0.00 0.00 59,853.28 59,853.28 Totals 3628 3 0 1 4032 75,~~926~~860,~~375~~406.7671 324,~~283~~031.8009 0.00 59,853.28 86,~~310~~244,~~512~~291.8408 0-29 Days 0.~~346420~~350467% 0.000000% 0.000000% 0.~~346420~~350467% 0.~~180414~~182181% 0.000000% 0.000000% 0.~~180414~~182181% 30 Days 2.~~886836~~102804% 0.000000% 0.000000% 0.000000% 2.~~886836~~102804% 21.~~824873~~954142% 0.000000% 0.000000% 0.000000% 21.~~824873~~954142% 60 Days 0.~~577367~~700935% 0.000000% 0.000000% 0.000000% 0.~~577367~~700935% 0.~~337394~~521700% 0.000000% 0.000000% 0.000000% 0.~~337394~~521700% 90 Days 0.~~346420~~116822% 0.000000% 0.000000% 0.000000% 0.~~346420~~116822% 0.~~478929~~223995% 0.000000% 0.000000% 0.000000% 0.~~478929~~223995% 120 Days 0.~~346420~~116822% 0.000000% 0.000000% 0.000000% 0.~~346420~~116822% 0.~~768607~~042674% 0.000000% 0.000000% 0.000000% 0.~~768607~~042674% 150 Days 0.~~000000~~233645% 0.000000% 0.000000% 0.000000% 0.~~000000~~233645% 0.~~000000~~552408% 0.000000% 0.000000% 0.000000% 0.~~000000~~552408% 180+ Days 0.000000% 0.000000% 0.000000% 0.~~115473~~116822% 0.~~115473~~116822% 0.000000% 0.000000% 0.000000% 0.~~033299~~033652% 0.~~033299~~033652% Totals 43.~~157044~~271028% 0.~~346420~~350467% 0.000000% 0.~~115473~~116822% 43.~~618938~~738318% 43.~~409802~~294919% 0.~~180414~~182181% 0.000000% 0.~~033299~~033652% 43.~~623515~~510752%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~134~~139,~~397~~845.4049

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 10 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~59,900~~0.00 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~59,853~~0.2800 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current REO Total ~~Jan~~Feb-05 0.000% Loans in REO 1 ~~Feb~~Mar-05 0.000% Original Principal Balance 59,900.00 ~~Mar~~Apr-05 0.000% Current Principal Balance 59,853.28 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.~~000~~012% ~~Aug~~Sep-05 0.012% *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 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 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 10 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~59,900~~0.00 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~59,853~~0.2800 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current REO Total ~~Jan~~Feb-05 0.000% Loans in REO 1 ~~Feb~~Mar-05 0.000% Original Principal Balance 59,900.00 ~~Mar~~Apr-05 0.000% Current Principal Balance 59,853.28 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.~~000~~033% ~~Aug~~Sep-05 0.~~033~~034% *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 (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 2 0040208979 59,853.28 01-Jan-2005 67 7.250% 12,~~740~~087.1837

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 13 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~144~~726,~~000~~416.00 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~143~~724,~~567~~334.7661 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 13 ~~Feb~~Mar-05 0.000% Original Principal Balance ~~144~~726,~~000~~416.00 ~~Mar~~Apr-05 0.000% Current Principal Balance ~~143~~724,~~567~~334.7661 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.~~000~~011% ~~Jun~~Jul-05 0.011% ~~Jul~~Aug-05 0.~~011~~028% ~~Aug~~Sep-05 0.~~028~~143% *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 13 ~~Sep~~Oct-04 0.000% Original Principal Balance ~~144~~726,~~000~~416.00 ~~Oct~~Nov-04 0.000% Current Principal Balance ~~143~~724,~~567~~334.7661 ~~Nov~~Dec-04 0.000% ~~Dec~~Jan-0405 0.000% Current Foreclosure Total ~~Jan~~Feb-05 0.000% Loans in Foreclosure 13 ~~Feb~~Mar-05 0.000% Original Principal Balance ~~144~~726,~~000~~416.00 ~~Mar~~Apr-05 0.000% Current Principal Balance ~~143~~724,~~567~~334.7661 ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.~~000~~043% ~~Aug~~Sep-05 0.~~043~~221% *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 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~~032% ~~Jun~~Jul-05 0.~~032~~033% ~~Jul~~Aug-05 0.~~033~~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 ~~0002282609~~0002338260 ~~Aug~~Sep-2005 01-~~Jan~~Feb-2005 ORCA 80.00 ~~144~~512,000.00 Group 1 0002339698 Sep-2005 01-Mar-2005 CA 80.00 124,000.00 Group 1 0002342194 Sep-2005 01-Mar-2005 IN 80.00 90,416.00

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 ~~0002282609~~0002338260 ~~143~~510,~~567~~764.7637 01-~~Mar~~Apr-2005 4 7.125% 17,535.87 Group 1 0002339698 123,363.07 01-May-2005 3 6.~~000~~500% 3,~~432~~212.6466 Group 1 0002342194 90,207.17 01-May-2005 3 7.375% 2,675.94

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 6.~~439358~~438591% Weighted Average Net Coupon 6.~~189358~~188591% Weighted Average Pass-Through Rate 6.~~182696~~181778% Weighted Average Maturity(Stepdown Calculation) ~~352~~351 Beginning Scheduled Collateral Loan Count 2,~~443~~394 Number Of Loans Paid In Full 4946 Ending Scheduled Collateral Loan Count 2,~~394~~348 Beginning Scheduled Collateral Balance ~~528~~516,~~478~~499,~~556~~965.2617 Ending Scheduled Collateral Balance ~~516~~505,~~499~~121,~~965~~274.1789 Ending Actual Collateral Balance at 2931-~~Jul~~Aug-2005 ~~516~~505,~~756~~373,~~787~~309.7184 Monthly P&I Constant 3,~~128~~060,~~605~~660.5118 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~292~~289,~~720~~383.1741 Unscheduled Principal 11,~~685~~089,~~870~~306.9287

Miscellaneous Reporting 3 Month Rolling Average Delinquency 0.~~008622~~012049%

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Fixed 30 Year Weighted Average Coupon Rate 6.~~358509~~355656 6.~~592047~~594127 6.~~439358~~438591 Weighted Average Net Rate 6.~~108509~~105656 6.~~342047~~344127 6.~~189358~~188591 Weighted Average Maturity ~~353~~ 352 ~~352~~351 351 Beginning Loan Count 1,~~560~~528 ~~883~~866 2,~~443~~394 Loans Paid In Full 3236 1710 4946 Ending Loan Count 1,~~528~~492 ~~866~~856 2,~~394~~348 Beginning Scheduled Balance ~~345~~336,~~523~~872,~~340~~296.4393 ~~182~~179,~~955~~627,~~215~~668.8324 ~~528~~516,~~478~~499,~~556~~965.2617 Ending Scheduled Balance ~~336~~327,~~872~~371,~~296~~575.9321 ~~179~~177,~~627~~749,~~668~~699.2468 ~~516~~505,~~499~~121,~~965~~274.1789 Record Date 0708/2931/2005 0708/2931/2005 0708/2931/2005 Principal And Interest Constant 1,~~990~~942,~~948~~597.3181 1,~~137~~118,~~657~~062.2037 3,~~128~~060,~~605~~660.5118 Scheduled Principal ~~160~~158,~~104~~394.0514 ~~132~~130,~~616~~989.1227 ~~292~~289,~~720~~383.1741 Unscheduled Principal 89,~~490~~342,~~939~~327.4558 31,~~194~~746,~~931~~979.4729 11,~~685~~089,~~870~~306.9287 Scheduled Interest 1,~~830~~784,~~844~~203.2667 1987,~~005,041~~073.0810 2,~~835~~771,~~885~~276.3477 Servicing Fees 7170,~~984~~181.0373 3837,~~115~~422.6743 ~~110~~107,~~099~~604.7016 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 2,~~933~~932.7032 2,~~933~~932.7032 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 1,~~758~~714,~~860~~021.2394 ~~963~~946,~~991~~718.7135 2,~~722~~660,~~851~~740.9429 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.~~108509~~105656 6.~~322804~~324538 6.~~182696~~181778

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 3236 89,~~448~~360,~~234~~238.00 89,~~425~~311,~~956~~862.3682 0 0.00 0.00 Group 2 1710 31,~~237~~745,~~186~~294.00 31,~~189~~734,~~608~~473.5929 0 0.00 0.00 Total 4946 11,~~685~~105,~~420~~532.00 11,~~615~~046,~~564~~336.9511 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 0 0.00 0.00 6736,~~724~~611.6447 Group 2 0 0.00 0.00 0 0.00 0.00 713,~~668~~837.9357 Total 0 0.00 0.00 0 0.00 0.00 7550,~~393~~449.5704

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 ~~0002237585~~0002235784 AZ 8095.00 01-~~Jan~~Dec-~~2005~~2004 ~~168~~124,~~000~~598.00 ~~167~~123,~~521~~637.2037 Group 1 ~~0002282355~~0002237394 CAAZ 80.00 01-Dec-2004 ~~245~~300,~~600~~000.00 ~~243~~296,~~508~~036.6354 Group 1 ~~0002282799~~0002238040 CAAZ 80.00 01-~~Jan~~Apr-2005 ~~168~~85,~~000~~200.00 ~~167~~85,~~949~~200.9200 Group 1 ~~0002306580~~0002280642 NJWA 6180.1600 01-~~Dec~~Mar-~~2004~~2005 ~~321~~145,~~134~~080.00 ~~321~~144,~~134~~946.0047 Group 1 ~~0002307364~~0002281219 KYCO 7980.2000 01-Dec-2004 ~~160~~184,000.00 ~~157~~183,~~240~~999.5385 Group 1 ~~0002311783~~0002282247 NYWA 80.00 01-~~Apr~~Dec-~~2005~~2004 ~~264~~119,~~000~~680.00 ~~262~~119,~~850~~678.6408 Group 1 ~~0002325081~~0002282304 NHCA 5965.5400 01-~~Jan~~Dec-~~2005~~2004 ~~103~~312,000.00 ~~101~~312,~~287.55 Group 1 0002326203 CA 61.29 01-Mar-2005 423,~~000.00 ~~421,814.36~~ Group 1 ~~0002331646~~0002282468 CA 80.00 01-Dec-2004 94136,~~400~~000.00 93134,~~615~~790.0248 Group 1 ~~0002332439~~0002285094 CA 3980.2900 01-~~Dec~~Mar-~~2004~~2005 ~~378~~186,~~000~~400.00 ~~374~~185,~~544~~137.6947 Group 1 ~~0002332507~~0002285850 NHTX 80.00 01-~~Dec~~Apr-~~2004~~2005 ~~252~~221,~~000~~432.00 ~~252~~220,~~000~~154.0082 Group 1 ~~0002333519~~0002306818 WAMD 8044.0040 01-~~Feb~~Jan-2005 ~~224~~615,000.00 ~~222~~609,~~446~~886.9848 Group 1 ~~0002333828~~0002307529 MDNJ 8057.0040 01-Jan-2005 ~~204~~143,~~000~~500.00 ~~204~~143,~~000~~500.00 Group 1 ~~0002334082~~0002329399 ORCA 8079.0097 01-~~Feb~~Dec-~~2005~~2004 ~~100~~444,000.00 99439,~~988~~125.7107 Group 1 ~~0002334617~~0002331624 MDID 7879.0598 01-~~Jan~~Dec-~~2005~~2004 ~~261~~124,~~500~~850.00 ~~261~~123,~~500~~578.0075 Group 1 ~~0002334832~~0002332259 CA 55.7711 01-~~Feb~~Dec-~~2005~~2004 ~~290~~372,000.00 ~~290~~368,~~000~~212.0022 Group 1 ~~0002335364~~0002332790 AZCA 8069.0097 01-~~Feb~~Dec-~~2005~~2004 ~~120~~699,~~850~~000.00 ~~120~~692,~~850~~442.0027 Group 1 ~~0002335493~~0002333133 CAMA 5036.9083 01-~~Jan~~Dec-~~2005~~2004 ~~560~~130,000.00 ~~560~~128,~~000~~718.0061 Group 1 ~~0002335751~~0002333243 CAMD 7880.7200 01-~~Mar~~Dec-~~2005~~2004 ~~370~~208,000.00 ~~368~~206,~~107~~026.9979 Group 1 ~~0002335912~~0002334298 MEWA 8069.0072 01-~~Feb~~Jan-2005 ~~145~~369,~~600~~500.00 ~~144~~366,~~728~~042.8828 Group 1 ~~0002335970~~0002335225 CAMD 5067.6830 01-Jan-2005 ~~365~~212,000.00 ~~362~~211,~~029~~999.6935 Group 1 ~~0002335989~~0002335325 ORMA 8050.0034 01-Feb-2005 ~~175~~287,~~200~~000.00 ~~175~~284,~~200~~833.0046 Group 1 ~~0002336409~~0002336461 CA 6162.9338 01-Jan-2005 ~~415~~302,~~000~~550.00 ~~411~~302,~~556~~392.4810 Group 1 ~~0002336857~~0002337931 CACT 8068.0073 01-~~Jan~~Mar-2005 ~~572~~200,000.00 ~~572~~198,~~000~~702.0050 Group 1 ~~0002337337~~0002338489 VACA 80.00 01-~~Feb~~Mar-2005 ~~105~~148,~~600~~800.00 ~~105~~148,~~600~~799.0097 Group 1 ~~0002338016~~0002338524 CA 6476.7020 01-Feb-2005 ~~550~~195,~~000~~100.00 ~~550~~195,~~000~~100.00 Group 1 ~~0002338047~~0002338982 CTFL 8980.9800 01-Feb-2005 ~~128~~299,~~850~~022.00 ~~128~~297,~~247~~161.8778 Group 1 ~~0002338190~~0002339379 VACA 7578.0083 01-Feb-2005 ~~352~~366,~~500~~556.00 ~~352~~363,~~500~~755.0056 Group 1 ~~0002338264~~0002339456 CAFL 7990.5100 01-Feb-2005 ~~400~~117,000.00 ~~399~~116,~~991~~999.6798 Group 1 ~~0002339723~~0002339658 MANJ 7980.0600 01-Mar-2005 ~~359~~180,000.00 ~~359~~178,~~000~~896.0066 Group 1 ~~0002339918~~0002339995 CA 80.00 01-Mar-2005 ~~100~~624,000.00 ~~100~~619,~~000~~528.0083 Group 1 ~~0002343782~~0002340090 SCWV 9080.00 01-~~Apr~~Mar-2005 72183,~~000~~520.00 72182,~~000~~395.0009 Group 21 ~~0000819146~~0002340222 TXMD 8078.0051 01-Feb-2005 ~~181~~519,~~600~~000.00 ~~180~~519,~~345~~000.4100 Group 21 ~~0040228002~~0002340458 ILAZ ~~100~~80.00 01-~~Feb~~Mar-2005 ~~155~~316,000.00 ~~154~~315,~~038~~871.1363 Group 21 ~~0057002554~~0002340991 FLME 7680.6500 01-~~Oct~~Mar-~~2004~~2005 128,000.00 ~~128~~127,~~000~~958.0090 Group 21 ~~0088656806~~0002340999 CAAZ 6894.1697 01-~~Jan~~Mar-2005 ~~197~~149,~~700~~450.00 ~~195~~148,~~539~~639.2510 Group 21 ~~0090028796~~0002342156 NVCA 7073.1309 01-~~Dec~~Mar-~~2004~~2005 ~~152~~212,~~200~~000.00 ~~150~~210,~~781~~567.4765 Group 2 ~~0090060561~~0000134391 MDWV 7280.00 01-~~Jan~~Feb-2005 ~~203~~44,~~760~~800.00 ~~202~~44,~~101~~500.7612 Group 2 ~~0090062432~~0004110129 AZSC 5080.2200 01-~~Jan~~Feb-2005 ~~108~~76,000.00 ~~107~~76,~~016~~000.5300 Group 2 ~~0142903780~~0012151714 CAGA 65100.8000 01-~~Dec~~Jan-~~2004~~2005 ~~385~~137,000.00 ~~385~~136,~~000~~011.0042 Group 2 ~~0204702089~~0090044653 CTMD 75.00 01-~~Jan~~Dec-~~2005~~2004 ~~484~~206,~~500~~250.00 ~~480~~204,~~479~~339.7836 Group 2 ~~0204742331~~0110111124 MAFL 9080.00 01-Jan-2005 ~~135~~118,~~000~~707.00 117,~~930~~621.9089 Group 2 ~~0204742366~~0132027566 MAFL 9095.00 01-Jan-2005 ~~135~~136,~~000~~087.00 ~~118~~135,~~298~~131.8880 Group 2 ~~0400528012~~0142881762 AZFL ~~75.~~80 ~~01-Mar-2005 109,926~~.00 ~~109,926.00 Group 2 0534090261 VA 50.00~~ 01-~~Feb~~Oct-~~2005~~2004 ~~175~~192,~~000~~800.00 ~~173~~190,~~762~~737.0150 Group 2 ~~0539945366~~0142934686 PAOR 9580.00 01-~~Mar~~Dec-~~2005~~2004 85192,~~500~~400.00 84192,~~043~~400.7800 Group 2 ~~5010161885~~0204745322 VAMN 9095.00 01-~~Feb~~Jan-2005 ~~117~~253,~~000~~650.00 ~~116~~251,~~425~~331.1642 Group 2 ~~95W1002341~~0770055327 CANY 8095.00 01-Feb-2005 ~~392~~387,~~000~~600.00 ~~392~~385,~~000~~068.~~00 Group 2 EMC7921356 TX 80.00 01-Mar-2005 92,000.00 91,573.48~~21

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 ~~0002237585~~0002235784 Loan Paid in Full ~~(1)~~0 67.~~000~~500% 360 79 Group 1 ~~0002282355~~0002237394 Loan Paid in Full 0 6.~~375~~250% 360 89 Group 1 ~~0002282799~~0002238040 Loan Paid in Full 20 6.~~125~~375% 360 75 Group 1 ~~0002306580~~0002280642 Loan Paid in Full 01 6.~~500~~250% 360 86 Group 1 ~~0002307364~~0002281219 Loan Paid in Full 0 6.~~125~~000% 360 89 Group 1 ~~0002311783~~0002282247 Loan Paid in Full 0 6.750% 360 49 Group 1 ~~0002325081~~0002282304 Loan Paid in Full 0 6.~~500~~250% ~~240~~360 79 Group 1 ~~0002326203~~0002282468 Loan Paid in Full (1) 6.~~375~~750% 360 59 Group 1 ~~0002331646~~0002285094 Loan Paid in Full 0 6.~~500~~250% 360 86 Group 1 ~~0002332439~~0002285850 Loan Paid in Full 0 6.~~000~~250% 360 85 Group 1 ~~0002332507~~0002306818 Loan Paid in Full 0 76.~~875~~500% 360 8 Group 1 ~~0002333519~~0002307529 Loan Paid in Full ~~(1)~~0 6.~~125~~500% 360 68 Group 1 ~~0002333828~~0002329399 Loan Paid in Full 0 56.~~875~~250% 360 79 Group 1 ~~0002334082~~0002331624 Loan Paid in Full 0 6.~~875~~000% 360 69 Group 1 ~~0002334617~~0002332259 Loan Paid in Full 0 6.~~875~~000% 360 79 Group 1 ~~0002334832~~0002332790 Loan Paid in Full 0 6.~~000~~625% 360 69 Group 1 ~~0002335364~~0002333133 Loan Paid in Full 0 6.~~375~~500% 360 69 Group 1 ~~0002335493~~0002333243 Loan Paid in Full 0 6.375% 360 79 Group 1 ~~0002335751~~0002334298 Loan Paid in Full 0 65.875% 360 58 Group 1 ~~0002335912~~0002335225 Loan Paid in Full 0 6.~~875~~250% 360 68 Group 1 ~~0002335970~~0002335325 Loan Paid in Full 0 6.~~000~~375% 360 7 Group 1 ~~0002335989~~0002336461 Loan Paid in Full 0 6.~~375~~250% 360 68 Group 1 ~~0002336409~~0002337931 Loan Paid in Full 0 56.~~875~~625% 360 76 Group 1 ~~0002336857~~0002338489 Loan Paid in Full 0 6.~~500~~125% 360 76 Group 1 ~~0002337337~~0002338524 Loan Paid in Full 0 75.~~000~~875% 360 67 Group 1 ~~0002338016~~0002338982 Loan Paid in Full 0 67.375% 360 67 Group 1 ~~0002338047~~0002339379 Loan Paid in Full 01 86.~~125~~375% 360 67 Group 1 ~~0002338190~~0002339456 Loan Paid in Full 01 67.~~000~~750% 360 67 Group 1 ~~0002338264~~0002339658 Loan Paid in Full 0 6.~~875~~750% 360 6 Group 1 ~~0002339723~~0002339995 Loan Paid in Full 0 6.~~875~~125% 360 56 Group 1 ~~0002339918~~0002340090 Loan Paid in Full 0 6.~~500~~750% 360 56 Group 1 ~~0002343782~~0002340222 Loan Paid in Full 01 ~~7.750% 360 4 Group 2 0000819146 Loan Paid in Full 0~~ 6.~~125~~375% 360 67 Group 21 ~~0040228002~~0002340458 Loan Paid in Full 0 7.~~000~~500% 360 6 Group 21 ~~0057002554~~0002340991 Loan Paid in Full (1) 7.~~625~~000% 360 106 Group 21 ~~0088656806~~0002340999 Loan Paid in Full 0 57.~~875~~375% 360 76 Group 21 ~~0090028796~~0002342156 Loan Paid in Full 0(1) 6.~~625~~500% 360 86 Group 2 ~~0090060561~~0000134391 Loan Paid in Full 02 67.000% 360 7 Group 2 ~~0090062432~~0004110129 Loan Paid in Full ~~(1)~~0 58.~~375~~000% 360 7 Group 2 ~~0142903780~~0012151714 Loan Paid in Full 02 67.~~375~~500% 360 8 Group 2 ~~0204702089~~0090044653 Loan Paid in Full 0 ~~5.875% 360 7 Group 2 0204742331 Loan Paid in Full 0~~ 6.~~750~~500% 360 79 Group 2 ~~0204742366~~0110111124 Loan Paid in Full 0(1) 6.~~750~~000% 360 78 Group 2 ~~0400528012~~0132027566 Loan Paid in Full 0 7.~~500~~375% 360 58 Group 2 ~~0534090261~~0142881762 Loan Paid in Full 0 6.~~000~~875% 360 611 Group 2 ~~0539945366~~0142934686 Loan Paid in Full 0 76.~~000~~250% 360 59 Group 2 ~~5010161885~~0204745322 Loan Paid in Full 0 ~~7.875% 360~~ 6 ~~Group 2 95W1002341 Loan Paid in Full 0 6~~.~~750~~000% 360 68 Group 2 ~~EMC7921356~~0770055327 Loan Paid in Full 03 7.~~375~~125% 360 57

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 2.~~212~~148% Current Month 2322.~~546~~941% Current Month 1,~~880~~581.~~877~~925% 3 Month Average 2.~~021~~151% 3 Month Average 2122.~~712~~970% 3 Month Average 21,~~084~~863.~~347~~997% 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 7.810% N/A Apr-2005 1,697.364% N/A May-2005 15.225% N/A May-2005 2,318.563% N/A Jun-2005 19.168% N/A Jun-2005 2,242.973% N/A Jul-2005 22.422% N/A Jul-2005 2,129.190% N/A Aug-2005 23.546% N/A Aug-2005 1,880.877% N/A Sep-2005 22.941% N/A Sep-2005 1,581.925% 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.~~459~~775% Current Month 2528.~~823~~656% Current Month 2,~~114~~019.~~420~~535% 3 Month Average 2.~~151~~574% 3 Month Average 2226.~~851~~856% 3 Month Average 2,~~226~~228.~~602~~149% 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 8.197% N/A Apr-2005 1,908.433% N/A May-2005 12.716% N/A May-2005 2,028.840% N/A Jun-2005 16.640% N/A Jun-2005 2,014.893% N/A Jul-2005 26.090% N/A Jul-2005 2,550.492% N/A Aug-2005 25.823% N/A Aug-2005 2,114.420% N/A Sep-2005 28.656% N/A Sep-2005 2,019.535% 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 10.~~748~~973% Current Month 1911.~~068~~074% Current Month ~~1,456~~734.~~497~~473% 3 Month Average 1.~~775~~354% 3 Month Average 1915.~~262~~029% 3 Month Average 1,~~805~~179.~~507~~150% 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 7.077% N/A Apr-2005 1,366.912% N/A May-2005 19.771% N/A May-2005 2,771.349% N/A Jun-2005 23.770% N/A Jun-2005 2,613.542% N/A Jul-2005 14.947% N/A Jul-2005 1,346.482% N/A Aug-2005 19.068% N/A Aug-2005 1,456.497% N/A Sep-2005 11.074% N/A Sep-2005 734.473% 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 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Apr-2005 0.000% 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. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A~~ Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Apr-2005 0.000% 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. 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 0.000% N/A Apr-2005 0.000% 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 0.000% N/A Apr-2005 0.000% 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 · BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-AC2