8-K 1 imp05001_8k-200512.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): December 27, 2005 IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 (Exact name of registrant as specified in its charter) New York (governing law of 333-117991-03 Pooling and Servicing Agreement) (Commission 54-2176762 (State or other File Number) 54-2176763 jurisdiction 54-2176764 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 December 27, 2005 a distribution was made to holders of IMPAC SECURED ASSETS CORPORATION, Mortgage Pass-Through Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the December 27, 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. IMPAC SECURED ASSETS CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/29/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the December 27, 2005 distribution. EX-99.1 Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Series 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 Impac Mortgage Pass-Through Certificates Mortgage Pass-Through Certificates Series 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ 1A1 45254TRN6 ~~SEN~~ 4.~~29486~~28245% 2422,~~371~~298,~~886~~877.9705 8779,~~228~~578.1120 1AX 45254TSK1 ~~SEN~~ 0.86000% 0.00 1727,~~466~~950.5286 2A1 45254TRP1 ~~SEN~~ 5.~~25382~~25256% 1813,~~133~~798,~~488~~137.6524 7960,~~391~~396.7227 3A1 45254TRQ9 ~~SEN~~ 4.~~98476~~98259% 61,~~872~~141,~~042~~254.3173 ~~257~~253,~~014~~868.3102 3AX 45254TSL9 ~~SEN~~ 0.35000% 0.00 2225,~~239~~332.9424 4A1 45254TRR7 ~~SEN~~ 5.~~14463~~13899% 11,~~526~~157,~~478~~012.6335 4947,~~416~~779.2686 5A1 45254TRS5 ~~SEN 3~~4.~~91125~~46375% 4238,~~483~~698,~~336~~125.0526 ~~147~~153,~~700~~545.4056 5A2 45254TRT3 ~~SEN 3~~4.~~75125~~30375% 9974,~~167~~273,~~740~~670.0945 ~~330~~284,~~669~~138.3205 5A3 45254TRU0 ~~SEN 3~~4.~~92125~~47375% 160,394,000.00 ~~559~~637,~~062~~833.2047 5A4 45254TRV8 ~~SEN~~ 4.~~02125~~57375% 19,837,000.00 7080,~~906~~648.2543 5A5 45254TRW6 ~~SEN 3~~4.~~99125~~54375% 3532,~~765~~578,~~304~~661.5172 ~~126~~131,~~887~~581.3559 5A6 45254TRX4 ~~SEN 3~~4.~~95125~~50375% 4742,~~203~~997,~~706~~916.7295 ~~155~~161,~~428~~376.0456 5A7 45254TRY2 ~~SEN 3~~4.~~99125~~54375% 1110,~~800~~749,~~926~~479.6824 4143,~~867~~415.0795 5AX 45254TRZ9 ~~SEN~~ 1.~~60320~~10868% 0.00 ~~647~~587,~~495~~736.4013 B1 45254TSD7 ~~SUB~~ 5.~~62760~~70386% 30,~~740~~735,~~989~~235.3543 ~~144~~146,~~165~~091.0523 B2 45254TSE5 ~~SUB~~ 5.~~62760~~70386% 13,~~944~~941,~~180~~570.7677 6566,~~393~~267.5931 B3 45254TSF2 ~~SUB~~ 5.~~62760~~70386% 8,~~873~~872,~~842~~181.2731 4142,~~615~~171.3840 B4 45254TSG0 ~~SUB~~ 5.~~62760~~70386% 8,~~872~~871,~~842~~181.4063 4142,~~610~~166.6965 B5 45254TSH8 ~~SUB~~ 5.~~62760~~70386% 6,~~972~~970,~~090~~785.3839 3233,~~696~~133.7965 B6 45254TSJ4 ~~SUB~~ 5.~~62760~~70386% 5,~~071~~070,~~509~~560.5429 2324,~~783~~101.7047 R1 45254TSA3 ~~SEN~~ 4.~~31733~~30428% 0.00 0.00 R2 45254TSB1 ~~SEN~~ 4.~~31733~~30428% 0.00 0.00 R3 45254TSC9 ~~SEN~~ 4.~~31733~~30428% 0.00 0.00 Totals ~~607~~562,~~031~~385,~~365~~649.3181 2,~~942~~929,~~038~~112.0990

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses 1A1 ~~575~~533,~~033~~327.9880 0.00 2321,~~796~~765,~~852~~549.9925 ~~662~~612,~~262~~906.0900 0.00 1AX 0.00 0.00 0.00 1727,~~466~~950.5286 0.00 2A1 ~~709~~304,~~247~~559.5347 0.00 1713,~~424~~493,~~241~~577.1277 ~~788~~364,~~639~~955.2574 0.00 3A1 ~~723~~302,~~172~~680.6295 0.00 6160,~~148~~838,~~869~~573.6978 ~~980~~556,~~186~~548.9397 0.00 3AX 0.00 0.00 0.00 2225,~~239~~332.9424 0.00 4A1 21,~~334~~879.8549 0.00 11,~~524~~155,~~143~~132.7885 5149,~~751~~659.1135 0.00 5A1 1,~~271~~853,~~244~~560.2728 0.00 4136,~~212~~844,~~091~~564.7898 12,~~418~~007,~~944~~105.6784 0.00 5A2 812,~~360~~190,~~549~~248.8209 0.00 9062,~~807~~083,~~190~~422.2737 812,~~691~~474,~~219~~386.14 0.00 5A3 0.00 0.00 160,394,000.00 ~~559~~637,~~062~~833.2047 0.00 5A4 0.00 0.00 19,837,000.00 7080,~~906~~648.2543 0.00 5A5 1,~~070~~560,~~218~~450.1861 0.00 3431,~~695~~018,~~086~~211.3311 1,~~197~~692,~~105~~032.5320 0.00 5A6 12,~~412~~059,~~493~~511.6342 0.00 4540,~~791~~938,~~213~~405.0954 12,~~567~~220,~~921~~887.6798 0.00 5A7 ~~353~~514,~~123~~877.4185 0.00 1110,~~447~~234,~~803~~601.2738 ~~394~~558,~~990~~293.4880 0.00 5AX 0.00 0.00 0.00 ~~647~~587,~~495~~736.4013 0.00 B1 1,~~945~~893.7854 0.00 30,~~739~~733,~~043~~341.5889 ~~146~~147,~~110~~984.8377 0.00 B2 ~~882~~858.6191 0.00 13,~~943~~940,~~298~~711.1586 6667,~~276~~126.2022 0.00 B3 ~~561~~546.6860 0.00 8,~~873~~871,~~280~~634.5971 42,~~177~~718.0600 0.00 B4 ~~561~~546.6154 0.00 8,~~872~~870,~~280~~635.7809 42,~~172~~713.3019 0.00 B5 ~~441~~429.3046 0.00 6,~~971~~970,~~649~~355.0893 33,~~138~~563.0911 0.00 B6 ~~321~~312.0139 0.00 5,~~071~~070,~~188~~247.5490 24,~~104~~413.7186 0.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 Totals 1419,~~482~~325,~~132~~683.2840 0.00 ~~592~~543,~~549~~059,~~233~~966.0441 1722,~~424~~254,~~170~~796.3730 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~ This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ 1A1 25,200,000.00 2422,~~371~~298,~~886~~877.9705 ~~696~~699.6126 ~~574~~532,~~337~~628.3754 0.00 0.00 1AX 0.00 0.00 0.00 0.00 0.00 0.00 2A1 18,136,000.00 1813,~~133~~798,~~488~~137.6524 0.00 ~~709~~304,~~247~~559.5347 0.00 0.00 3A1 62,836,000.00 61,~~872~~141,~~042~~254.3173 ~~960~~972.3479 ~~722~~301,~~212~~708.2816 0.00 0.00 3AX 0.00 0.00 0.00 0.00 0.00 0.00 4A1 11,922,000.00 11,~~526~~157,~~478~~012.6335 1,~~264~~276.1273 ~~1,070~~602.7376 0.00 0.00 5A1 45,000,000.00 4238,~~483~~698,~~336~~125.0526 32,~~135~~758.5375 1,~~268~~850,~~108~~801.7453 0.00 0.00 5A2 115,719,000.00 9974,~~167~~273,~~740~~670.0945 2018,~~621~~143.3738 812,~~339~~172,~~928~~104.4671 0.00 0.00 5A3 160,394,000.00 160,394,000.00 0.00 0.00 0.00 0.00 5A4 19,837,000.00 19,837,000.00 0.00 0.00 0.00 0.00 5A5 37,884,000.00 3532,~~765~~578,~~304~~661.5172 2,~~639~~322.7050 1,~~067~~558,~~578~~128.4711 0.00 0.00 5A6 50,000,000.00 4742,~~203~~997,~~706~~916.7295 3,~~483~~065.9328 12,~~409~~056,~~009~~446.7114 0.00 0.00 5A7 12,500,000.00 1110,~~800~~749,~~926~~479.6824 ~~870~~766.9832 ~~352~~514,~~252~~111.4354 0.00 0.00 5AX 0.00 0.00 0.00 0.00 0.00 0.00 B1 30,745,000.00 30,~~740~~735,~~989~~235.3543 1,~~945~~893.7854 0.00 0.00 0.00 B2 13,946,000.00 13,~~944~~941,~~180~~570.7677 ~~882~~858.6191 0.00 0.00 0.00 B3 8,875,000.00 8,~~873~~872,~~842~~181.2731 ~~561~~546.6860 0.00 0.00 0.00 B4 8,874,000.00 8,~~872~~871,~~842~~181.4063 ~~561~~546.6154 0.00 0.00 0.00 B5 6,973,000.00 6,~~972~~970,~~090~~785.3839 ~~441~~429.3046 0.00 0.00 0.00 B6 5,072,171.20 5,~~071~~070,~~509~~560.5429 ~~321~~312.0139 0.00 0.00 0.00 R1 100.00 0.00 0.00 0.00 0.00 0.00 R2 100.00 0.00 0.00 0.00 0.00 0.00 R3 100.00 0.00 0.00 0.00 0.00 0.00 Totals 633,913,471.20 ~~607~~562,~~031~~385,~~365~~649.3181 3834,~~386~~592.5745 1419,~~443~~291,~~745~~090.7296 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) Class Total Ending Ending Total Principal Certificate Certificate Principal ~~Class~~ Reduction Balance Percentage Distribution 1A1 ~~575~~533,~~033~~327.9880 2321,~~796~~765,~~852~~549.9925 0.~~94431956~~863712 ~~575~~533,~~033~~327.9880 1AX 0.00 0.00 0.~~00000000~~000000 0.00 2A1 ~~709~~304,~~247~~559.5347 1713,~~424~~493,~~241~~577.1277 0.~~96075436~~744022 ~~709~~304,~~247~~559.5347 3A1 ~~723~~302,~~172~~680.6295 6160,~~148~~838,~~869~~573.6978 0.~~97315026~~968212 ~~723~~302,~~172~~680.6295 3AX 0.00 0.00 0.~~00000000~~000000 0.00 4A1 21,~~334~~879.8549 11,~~524~~155,~~143~~132.7885 0.~~96662840~~935676 21,~~334~~879.8549 5A1 1,~~271~~853,~~244~~560.2728 4136,~~212~~844,~~091~~564.7898 0.~~91582426~~818768 1,~~271~~853,~~244~~560.2728 5A2 812,~~360~~190,~~549~~248.8209 9062,~~807~~083,~~190~~422.2737 0.~~78472153~~536502 812,~~360~~190,~~549~~248.8209 5A3 0.00 160,394,000.00 1.~~00000000~~000000 0.00 5A4 0.00 19,837,000.00 1.~~00000000~~000000 0.00 5A5 1,~~070~~560,~~218~~450.1861 3431,~~695~~018,~~086~~211.3311 0.~~91582426~~818768 1,~~070~~560,~~218~~450.1861 5A6 12,~~412~~059,~~493~~511.6342 4540,~~791~~938,~~213~~405.0954 0.~~91582426~~818768 12,~~412~~059,~~493~~511.6342 5A7 ~~353~~514,~~123~~877.4185 1110,~~447~~234,~~803~~601.2738 0.~~91582426~~818768 ~~353~~514,~~123~~877.4185 5AX 0.00 0.00 0.~~00000000~~000000 0.00 B1 1,~~945~~893.7854 30,~~739~~733,~~043~~341.5889 0.~~99980626~~999621 1,~~945~~893.7854 B2 ~~882~~858.6191 13,~~943~~940,~~298~~711.1586 0.~~99980626~~999621 ~~882~~858.6191 B3 ~~561~~546.6860 8,~~873~~871,~~280~~634.5971 0.~~99980626~~999621 ~~561~~546.6860 B4 ~~561~~546.6154 8,~~872~~870,~~280~~635.7809 0.~~99980626~~999621 ~~561~~546.6154 B5 ~~441~~429.3046 6,~~971~~970,~~649~~355.0893 0.~~99980626~~999621 ~~441~~429.3046 B6 ~~321~~312.0139 5,~~071~~070,~~188~~247.5490 0.~~99980626~~999621 ~~321~~312.0139 R1 0.00 0.00 0.~~00000000~~000000 0.00 R2 0.00 0.00 0.~~00000000~~000000 0.00 R3 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1419,~~482~~325,~~132~~683.2840 ~~592~~543,~~549~~059,~~233~~966.0441 0.~~93474782~~856678 1419,~~482~~325,~~132~~683.2840

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ 1A1 25,200,000.00 ~~967~~884.~~13837183~~876073 0.~~02764325~~027748 2221.~~79116548~~136053 0.~~00000000~~000000 1AX 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 2A1 18,136,000.00 ~~999~~760.~~86152680~~814801 0.~~00000000~~000000 3916.~~10716420~~793089 0.~~00000000~~000000 3A1 62,836,000.00 ~~984~~973.~~65914937~~029071 0.~~01528328~~015481 114.~~49360685~~801518 0.~~00000000~~000000 3AX 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 4A1 11,922,000.00 ~~966~~935.~~82424342~~833950 0.~~10603254~~107090 0.~~08981127~~050559 0.~~00000000~~000000 5A1 45,000,000.00 ~~944~~859.~~07413444~~958339 0.~~06967844~~061306 2841.~~18019422~~128923 0.~~00000000~~000000 5A2 115,719,000.00 ~~856~~641.~~97024767~~845077 0.~~17820211~~156788 72105.~~07051962~~186743 0.~~00000000~~000000 5A3 160,394,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 5A4 19,837,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 5A5 37,884,000.00 ~~944~~859.~~07413446~~958339 0.~~06967849~~061306 2841.~~18019401~~128923 0.~~00000000~~000000 5A6 50,000,000.00 ~~944~~859.~~07413440~~958339 0.~~06967860~~061306 2841.~~18019420~~128923 0.~~00000000~~000000 5A7 12,500,000.00 ~~944~~859.~~07413440~~958339 0.~~06967840~~061306 2841.~~18019440~~128923 0.~~00000000~~000000 5AX 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B1 30,745,000.00 999.~~86955115~~682401 0.~~06328769~~061589 0.~~00000000~~000000 0.~~00000000~~000000 B2 13,946,000.00 999.~~86955113~~682401 0.~~06328768~~061588 0.~~00000000~~000000 0.~~00000000~~000000 B3 8,875,000.00 999.~~86955155~~682401 0.~~06328789~~061589 0.~~00000000~~000000 0.~~00000000~~000000 B4 8,874,000.00 999.~~86955150~~682401 0.~~06328713~~061589 0.~~00000000~~000000 0.~~00000000~~000000 B5 6,973,000.00 999.~~86955113~~682402 0.~~06328696~~061589 0.~~00000000~~000000 0.~~00000000~~000000 B6 5,072,171.20 999.~~86955093~~682402 0.~~06328848~~061589 0.~~00000000~~000000 0.~~00000000~~000000 R1 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R2 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R3 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (2) All Classes are per $1,000 denomination~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution 1A1 0.~~00000000~~000000 2221.~~81880873~~163802 ~~944~~863.~~31956310~~712272 0.~~94431956~~863712 2221.~~81880873~~163802 1AX 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 2A1 0.~~00000000~~000000 3916.~~10716420~~793089 ~~960~~744.~~75436259~~021712 0.~~96075436~~744022 3916.~~10716420~~793089 3A1 0.~~00000000~~000000 114.~~50889013~~816999 ~~973~~968.~~15025925~~212072 0.~~97315026~~968212 114.~~50889013~~816999 3AX 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 4A1 0.~~00000000~~000000 0.~~19584382~~157649 ~~966~~935.~~62839960~~676300 0.~~96662840~~935676 0.~~19584382~~157649 5A1 0.~~00000000~~000000 2841.~~24987267~~190228 ~~915~~818.~~82426178~~768111 0.~~91582426~~818768 2841.~~24987267~~190228 5A2 0.~~00000000~~000000 72105.~~24872164~~343531 ~~784~~536.~~72152602~~501546 0.~~78472153~~536502 72105.~~24872164~~343531 5A3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 5A4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 5A5 0.~~00000000~~000000 2841.~~24987277~~190228 ~~915~~818.~~82426169~~768111 0.~~91582426~~818768 2841.~~24987277~~190228 5A6 0.~~00000000~~000000 2841.~~24987260~~190228 ~~915~~818.~~82426180~~768111 0.~~91582426~~818768 2841.~~24987260~~190228 5A7 0.~~00000000~~000000 2841.~~24987280~~190228 ~~915~~818.~~82426160~~768110 0.~~91582426~~818768 2841.~~24987280~~190228 5AX 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B1 0.~~00000000~~000000 0.~~06328769~~061589 999.~~80626378~~620813 0.~~99980626~~999621 0.~~06328769~~061589 B2 0.~~00000000~~000000 0.~~06328768~~061588 999.~~80626344~~620813 0.~~99980626~~999621 0.~~06328768~~061588 B3 0.~~00000000~~000000 0.~~06328789~~061589 999.~~80626366~~620812 0.~~99980626~~999621 0.~~06328789~~061589 B4 0.~~00000000~~000000 0.~~06328713~~061589 999.~~80626324~~620812 0.~~99980626~~999621 0.~~06328713~~061589 B5 0.~~00000000~~000000 0.~~06328696~~061589 999.~~80626416~~620813 0.~~99980626~~999621 0.~~06328696~~061589 B6 0.~~00000000~~000000 0.~~06328848~~061589 999.~~80626443~~620813 0.~~99980626~~999621 0.~~06328848~~061589 R1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R3 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~(3)~~All ~~Amount~~Classes ~~Does~~are ~~Not~~per ~~Include Excess Special Hazard~~$1,000 ~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~denomination

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ 1A1 ~~25,200,000.00~~11/01/05 - 11/30/05 30 4.~~29486~~28245% 2422,~~371~~298,~~886~~877.9705 8779,~~228~~578.1120 0.00 ~~0.00~~ 1AX ~~0.00~~11/01/05 - 11/30/05 30 0.86000% 2422,~~371~~298,~~886~~877.9705 1715,~~466~~980.5286 0.00 ~~0.00~~ 2A1 ~~18,136,000.00~~11/01/05 - 11/30/05 30 5.~~25382~~25256% 1813,~~133~~798,~~488~~137.6524 7960,~~391~~396.7227 0.00 ~~0.00~~ 3A1 ~~62,836,000.00~~11/01/05 - 11/30/05 30 4.~~98476~~98259% 61,~~872~~141,~~042~~254.3173 ~~257~~253,~~014~~868.3102 0.00 ~~0.00~~ 3AX ~~0.00~~11/01/05 - 11/30/05 30 0.35000% 61,~~872~~141,~~042~~254.3173 1817,~~046~~832.0187 0.00 ~~0.00~~ 4A1 11~~,922,000.00~~/01/05 - 11/30/05 30 5.~~14463~~13899% 11,~~526~~157,~~478~~012.6335 4947,~~416~~779.2686 0.00 ~~0.00~~ 5A1 ~~45,000,000.00~~11/25/05 3- 12/26/05 32 4.~~91125~~46375% 4238,~~483~~698,~~336~~125.0526 ~~147~~153,~~700~~545.4056 0.00 ~~0.00~~ 5A2 ~~115,719,000.00~~11/25/05 3- 12/26/05 32 4.~~75125~~30375% 9974,~~167~~273,~~740~~670.0945 ~~330~~284,~~669~~138.3205 0.00 ~~0.00~~ 5A3 ~~160,394,000.00~~11/25/05 3- 12/26/05 32 4.~~92125~~47375% 160,394,000.00 ~~559~~637,~~062~~833.2047 0.00 ~~0.00~~ 5A4 ~~19,837,000.00~~11/25/05 - 12/26/05 32 4.~~02125~~57375% 19,837,000.00 7080,~~906~~648.2543 0.00 ~~0.00~~ 5A5 ~~37,884,000.00~~11/25/05 3- 12/26/05 32 4.~~99125~~54375% 3532,~~765~~578,~~304~~661.5172 ~~126~~131,~~887~~581.3559 0.00 ~~0.00~~ 5A6 ~~50,000,000.00~~11/25/05 3- 12/24/05 30 4.~~95125~~50375% 4742,~~203~~997,~~706~~916.7295 ~~155~~161,~~428~~376.0456 0.00 ~~0.00~~ 5A7 11/25/05 - 12~~,500,000.00~~/26/05 332 4.~~99125~~54375% 1110,~~800~~749,~~926~~479.6824 4143,~~867~~415.0795 0.00 ~~0.00~~ 5AX ~~0.00~~11/01/05 - 11/30/05 30 1.~~60320~~10868% ~~416~~379,~~652~~528,~~014~~853.0662 ~~556~~350,~~645~~647.8609 0.00 ~~0.00~~ B1 11/01/05 - 11/30~~,745,000.00~~/05 30 5.~~62760~~70386% 30,~~740~~735,~~989~~235.3543 ~~144~~146,~~165~~091.0523 0.00 ~~0.00~~ B2 ~~13,946,000.00~~11/01/05 - 11/30/05 30 5.~~62760~~70386% 13,~~944~~941,~~180~~570.7677 6566,~~393~~267.5931 0.00 ~~0.00~~ B3 ~~8,875,000.00~~11/01/05 - 11/30/05 30 5.~~62760~~70386% 8,~~873~~872,~~842~~181.2731 4142,~~615~~171.3840 0.00 ~~0.00~~ B4 ~~8,874,000.00~~11/01/05 - 11/30/05 30 5.~~62760~~70386% 8,~~872~~871,~~842~~181.4063 4142,~~610~~166.6965 0.00 ~~0.00~~ B5 ~~6,973,000.00~~11/01/05 - 11/30/05 30 5.~~62760~~70386% 6,~~972~~970,~~090~~785.3839 3233,~~696~~133.7965 0.00 ~~0.00~~ B6 ~~5,072,171.20~~11/01/05 - 11/30/05 30 5.~~62760~~70386% 5,~~071~~070,~~509~~560.5429 2324,~~783~~101.7047 0.00 ~~0.00~~ R1 ~~100.00~~N/A N/A 4.~~31733~~30428% 0.00 0.00 0.00 ~~0.00~~ R2 ~~100.00~~N/A N/A 4.~~31733~~30428% 0.00 0.00 0.00 ~~0.00~~ R3 ~~100.00~~N/A N/A 4.~~31733~~30428% 0.00 0.00 0.00 ~~0.00~~ Totals ~~633,913,471.20~~ 2,~~846~~672,~~994~~554.6249 0.00 ~~0.00~~

Interest Distribution Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total ~~Unpaid~~Remaining ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Unpaid Interest Certificate/Notional ~~Class~~ Shortfall ~~Losses~~ (41) Shortfall Distribution Shortfall(2) Balance 1A1 0.00 0.00 8779,~~228~~578.1120 0.00 2321,~~796~~765,~~852~~549.9925 1AX 0.00 0.00 1727,~~466~~950.5286 0.00 2321,~~796~~765,~~852~~549.9925 2A1 0.00 0.00 7960,~~391~~396.7227 0.00 1713,~~424~~493,~~241~~577.1277 3A1 0.00 0.00 ~~257~~253,~~014~~868.3102 0.00 6160,~~148~~838,~~869~~573.6978 3AX 0.00 0.00 2225,~~239~~332.9424 0.00 6160,~~148~~838,~~869~~573.6978 4A1 0.00 0.00 4947,~~416~~779.2686 0.00 11,~~524~~155,~~143~~132.7885 5A1 0.00 0.00 ~~147~~153,~~700~~545.4056 0.00 4136,~~212~~844,~~091~~564.7898 5A2 0.00 0.00 ~~330~~284,~~669~~138.3205 0.00 9062,~~807~~083,~~190~~422.2737 5A3 0.00 0.00 ~~559~~637,~~062~~833.2047 0.00 160,394,000.00 5A4 0.00 0.00 7080,~~906~~648.2543 0.00 19,837,000.00 5A5 0.00 0.00 ~~126~~131,~~887~~581.3559 0.00 3431,~~695~~018,~~086~~211.3311 5A6 0.00 0.00 ~~155~~161,~~428~~376.0456 0.00 4540,~~791~~938,~~213~~405.0954 5A7 0.00 0.00 4143,~~867~~415.0795 0.00 1110,~~447~~234,~~803~~601.2738 5AX 0.00 0.00 ~~647~~587,~~495~~736.4013 0.00 ~~404~~361,~~184~~350,~~384~~205.7437 B1 0.00 0.00 ~~144~~146,~~165~~091.0523 0.00 30,~~739~~733,~~043~~341.5889 B2 0.00 0.00 6566,~~393~~267.5931 0.00 13,~~943~~940,~~298~~711.1586 B3 0.00 0.00 4142,~~615~~171.3840 0.00 8,~~873~~871,~~280~~634.5971 B4 0.00 0.00 4142,~~610~~166.6965 0.00 8,~~872~~870,~~280~~635.7809 B5 0.00 0.00 3233,~~696~~133.7965 0.00 6,~~971~~970,~~649~~355.0893 B6 0.00 0.00 2324,~~783~~101.7047 0.00 5,~~071~~070,~~188~~247.5490 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 R3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~942~~929,~~038~~112.0990 0.00 (41,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~ or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~applicable

Interest Distribution Factors Statement ~~Beginning~~Class ~~Payment~~Accrual of Original Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of Dates Face Certificate Certificate/Notional Accrued ~~Interest~~Unpaid Interest ~~Class (5)~~ Amount Rate Balance Interest Shortfall ~~Shortfall~~ 1A1 11/01/05 - 11/30/05 25,200,000.00 4.~~29486~~28245% ~~967~~884.~~13837183~~876073 3.~~46143294~~157865 0.~~00000000~~000000 ~~0.00000000~~ 1AX 11/01/05 - 11/30/05 0.00 0.86000% ~~967~~884.~~13837183~~876073 0.~~69311587~~634161 0.~~00000000~~000000 ~~0.00000000~~ 2A1 11/01/05 - 11/30/05 18,136,000.00 5.~~25382~~25256% ~~999~~760.~~86152680~~814801 43.~~37757609~~330187 0.~~00000000~~000000 ~~0.00000000~~ 3A1 11/01/05 - 11/30/05 62,836,000.00 4.~~98476~~98259% ~~984~~973.~~65914937~~029071 4.~~09023983~~040168 0.~~00000000~~000000 ~~0.00000000~~ 3AX 11/01/05 - 11/30/05 0.00 0.35000% ~~984~~973.~~65914937~~029071 0.~~28719221~~283800 0.~~00000000~~000000 ~~0.00000000~~ 4A1 11/01/05 - 11/30/05 11,922,000.00 5.~~14463~~13899% ~~966~~935.~~82424342~~833950 4.~~14496393~~007705 0.~~00000000~~000000 ~~0.00000000~~ 5A1 11/25/05 - 12/26/05 45,000,000.00 34.~~91125~~46375% ~~944~~859.~~07413444~~958339 3.~~28223111~~412124 0.~~00000000~~000000 ~~0.00000000~~ 5A2 11/25/05 - 12/26/05 115,719,000.00 34.~~75125~~30375% ~~856~~641.~~97024767~~845077 2.~~85751968~~455414 0.~~00000000~~000000 ~~0.00000000~~ 5A3 11/25/05 - 12/26/05 160,394,000.00 34.~~92125~~47375% 1000.~~00000000~~000000 3.~~48555557~~976667 0.~~00000000~~000000 ~~0.00000000~~ 5A4 11/25/05 - 12/26/05 19,837,000.00 4.~~02125~~57375% 1000.~~00000000~~000000 34.~~57444422~~065556 0.~~00000000~~000000 ~~0.00000000~~ 5A5 11/25/05 - 12/26/05 37,884,000.00 34.~~99125~~54375% ~~944~~859.~~07413446~~958339 3.~~34936517~~473276 0.~~00000000~~000000 ~~0.00000000~~ 5A6 11/25/05 - 12/24/05 50,000,000.00 34.~~95125~~50375% ~~944~~859.~~07413440~~958339 3.~~10856080~~227531 0.~~00000000~~000000 ~~0.00000000~~ 5A7 11/25/05 - 12/26/05 12,500,000.00 34.~~99125~~54375% ~~944~~859.~~07413440~~958339 3.~~34936560~~473276 0.~~00000000~~000000 ~~0.00000000~~ 5AX 11/01/05 - 11/30/05 0.00 1.~~60320~~10868% ~~944~~859.~~07413447~~958339 ~~1.26128025~~ 0.~~00000000~~794516 0.~~00000000~~000000 B1 11/01/05 - 11/30/05 30,745,000.00 5.~~62760~~70386% 999.~~86955115~~682401 4.~~68905676~~751707 0.~~00000000~~000000 ~~0.00000000~~ B2 11/01/05 - 11/30/05 13,946,000.00 5.~~62760~~70386% 999.~~86955113~~682401 4.~~68905708~~751707 0.~~00000000~~000000 ~~0.00000000~~ B3 11/01/05 - 11/30/05 8,875,000.00 5.~~62760~~70386% 999.~~86955155~~682401 4.~~68905690~~751707 0.~~00000000~~000000 ~~0.00000000~~ B4 11/01/05 - 11/30/05 8,874,000.00 5.~~62760~~70386% 999.~~86955150~~682401 4.~~68905680~~751707 0.~~00000000~~000000 ~~0.00000000~~ B5 11/01/05 - 11/30/05 6,973,000.00 5.~~62760~~70386% 999.~~86955113~~682402 4.~~68905636~~751707 0.~~00000000~~000000 ~~0.00000000~~ B6 11/01/05 - 11/30/05 5,072,171.20 5.~~62760~~70386% 999.~~86955093~~682402 4.~~68905703~~751707 0.~~00000000~~000000 ~~0.00000000~~ R1 N/A 100.00 4.~~31733~~30428% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R2 N/A 100.00 4.~~31733~~30428% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R3 N/A 100.00 4.~~31733~~30428% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) All Classes are per $1,000 denomination~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance 1A1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~46143294~~157865 0.~~00000000~~000000 ~~944~~863.~~31956310~~712272 1AX 0.~~00000000~~000000 0.~~00000000~~000000 01.~~69311587~~109161 0.~~00000000~~000000 ~~944~~863.~~31956310~~712272 2A1 0.~~00000000~~000000 0.~~00000000~~000000 43.~~37757609~~330187 0.~~00000000~~000000 ~~960~~744.~~75436259~~021712 3A1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~09023983~~040168 0.~~00000000~~000000 ~~973~~968.~~15025925~~212072 3AX 0.~~00000000~~000000 0.~~00000000~~000000 0.~~35393628~~403149 0.~~00000000~~000000 ~~973~~968.~~15025925~~212072 4A1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~14496393~~007705 0.~~00000000~~000000 ~~966~~935.~~62839960~~676300 5A1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~28223111~~412124 0.~~00000000~~000000 ~~915~~818.~~82426178~~768111 5A2 0.~~00000000~~000000 0.~~00000000~~000000 2.~~85751968~~455414 0.~~00000000~~000000 ~~784~~536.~~72152602~~501546 5A3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~48555557~~976667 0.~~00000000~~000000 1000.~~00000000~~000000 5A4 0.~~00000000~~000000 0.~~00000000~~000000 34.~~57444422~~065556 0.~~00000000~~000000 1000.~~00000000~~000000 5A5 0.~~00000000~~000000 0.~~00000000~~000000 3.~~34936517~~473276 0.~~00000000~~000000 ~~915~~818.~~82426169~~768111 5A6 0.~~00000000~~000000 0.~~00000000~~000000 3.~~10856080~~227531 0.~~00000000~~000000 ~~915~~818.~~82426180~~768111 5A7 0.~~00000000~~000000 0.~~00000000~~000000 3.~~34936560~~473276 0.~~00000000~~000000 ~~915~~818.~~82426160~~768110 5AX 0.~~00000000~~000000 0.~~00000000~~000000 1.~~46713238~~331726 0.~~00000000~~000000 ~~915~~818.~~82426176~~768111 B1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~68905676~~751707 0.~~00000000~~000000 999.~~80626378~~620813 B2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~68905708~~751707 0.~~00000000~~000000 999.~~80626344~~620813 B3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~68905690~~751707 0.~~00000000~~000000 999.~~80626366~~620812 B4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~68905680~~751707 0.~~00000000~~000000 999.~~80626324~~620812 B5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~68905636~~751707 0.~~00000000~~000000 999.~~80626416~~620813 B6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~68905703~~751707 0.~~00000000~~000000 999.~~80626443~~620813 R1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R3 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~All ~~Refer~~Classes toare ~~the~~per ~~Prospectus~~$1,000 ~~Supplement for a Full Description.~~denomination

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1722,~~520~~175,~~847~~828.6203 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 95256,~~043~~588.4741 Swap/Cap Payments 0.00 Total Deposits 1722,~~615~~432,~~891~~416.0944 Withdrawals ~~Reimbursement~~Swap ~~for~~Payments ~~Servicer~~0.00 ~~Advances~~Reserve Funds and Credit Enhancements 0.00 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 191~~177,~~720~~620.7214 Payment of Interest and Principal 1722,~~424~~254,~~170~~796.3730 Total Withdrawals (Pool Distribution Amount) 1722,~~615~~432,~~891~~416.0944 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~189~~175,~~697~~745.2951 Wells Fargo Bank, N.A. 21,~~023~~874.4363 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~191~~177,~~720~~620.7214 *Servicer Payees include: IMPAC FUNDING CORPORATION

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~Fixed ~~Total~~& NoArm ofWeighted ~~Loans~~Average NoGross ofCoupon ~~Loans~~6.151235% NoWeighted ofAverage ~~Loans~~Net NoCoupon of5.776235% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate ~~Principal~~5.703035% ~~Balance~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~353 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~0-29~~Count ~~Days~~ 1 ~~0 0 1 167~~,~~998.87~~943 ~~0.00~~Number ~~0.00~~Of ~~167,998.87~~Loans 30Paid ~~Days~~In ~~347~~Full 057 0Ending 0Scheduled ~~347~~Collateral ~~99,410,137.31~~Loan ~~0.00~~Count ~~0.00 0.00 99~~1,~~410,137.31~~886 60Beginning ~~Days~~Scheduled 66Collateral 0Balance ~~0 0 66 19~~562,~~620~~385,~~258~~649.5381 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 19Balance 543,~~620~~059,~~258~~966.5341 90Ending ~~Days~~Actual 16Collateral 0Balance 2at 030-Nov-2005 ~~18 4~~543,~~256~~059,~~598~~966.6541 ~~0.00~~Monthly ~~958,200.00~~P&I ~~0.00~~Constant 52,~~214~~917,~~798~~397.6550 ~~120~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived Amount 0.00 ~~150~~Prepayment ~~Days~~Penalty 0Waived 0Count 0 0Prepayment 0Penalty ~~0.00~~Paid ~~0.00~~Amount 0256,588.0041 ~~0.00~~Prepayment ~~0.00~~Penalty ~~180+~~Paid ~~Days~~Count 0Not 0Available 0Realized 0Loss 0Amount 0.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled ~~429~~Principal ~~1 2 0 432 123~~34,~~286,994~~592.4944 ~~167,998.87~~Unscheduled ~~958,200.00~~Principal ~~0.00 124~~19,~~413~~291,~~193~~090.36 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 0.048828% 0.000000% 0.000000% 0.048828% 0.028352% 0.000000% 0.000000% 0.028352% 30 Days 16.943359% 0.000000% 0.000000% 0.000000% 16.943359% 16.776688% 0.000000% 0.000000% 0.000000% 16.776688% 60 Days 3.222656% 0.000000% 0.000000% 0.000000% 3.222656% 3.311161% 0.000000% 0.000000% 0.000000% 3.311161% 90 Days 0.781250% 0.000000% 0.097656% 0.000000% 0.878906% 0.718354% 0.000000% 0.161708% 0.000000% 0.880062% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.947266% 0.048828% 0.097656% 0.000000% 21.093750% 20.806203% 0.028352% 0.161708% 0.000000% 20.996263%96

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group 1 No2 of3 ~~Loans~~Collateral NoDescription ofFixed ~~Loans~~15/30 No& ofARM ~~Loans~~Fixed No15/30 of& ~~Loans~~ARM NoFixed ~~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~~ 15/30 ~~Days~~& 17ARM 0Weighted 0Average 0Coupon 17Rate 5~~,841,304~~.82566491 05.00661559 ~~0.00 0.00~~ 5~~,841,304~~.82749495 60Weighted ~~Days~~Average 0Net 0Rate ~~0 0 0 0~~5.00191491 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 17 0 0 0 17 5~~,841,304~~.82286560 ~~0.00 0.00 0.00~~ 5~~,841,304~~.82374495 ~~0-29~~Weighted ~~Days~~Average ~~0.000000%~~Remaining ~~0.000000%~~Term ~~0.000000%~~353 ~~0.000000%~~353 ~~0.000000%~~353 ~~0.000000%~~Beginning ~~0.000000%~~Loan ~~0.000000%~~Count 3083 ~~Days~~44 ~~19.540230%~~213 0.000000% 0.000000% 0.000000% 19.540230% 21.360807% 0.000000% 0.000000% 0.000000% 21.360807% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 19.540230% 0.000000% 0.000000% 0.000000% 19.540230% 21.360807% 0.000000% 0.000000% 0.000000% 21.360807% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans NoPaid ofIn ~~Loans~~Full No1 of1 ~~Loans~~1 NoEnding ofLoan ~~Loans~~Count No82 of43 ~~Loans~~212 ~~Principal~~Beginning ~~Balance~~Scheduled ~~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 6 0 0 0 6 1~~25,~~727~~847,~~799~~712.4236 ~~0.00 0.00 0.00 1~~16,~~727~~270,~~799~~920.4220 ~~60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 2 0 0 0 2 359~~69,~~500~~701,006.0076 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Balance ~~359~~25,~~500~~314,273.0027 ~~120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8 0 0 0 8 2~~15,~~087~~966,~~299~~360.4273 ~~0.00 0.00 0.00 2~~69,~~087~~398,~~299~~189.4262 ~~0-29~~Record ~~Days~~Date ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 11/30/2005 ~~Days~~ 11~~.320755%~~/30/2005 ~~0.000000% 0.000000% 0.000000%~~ 11~~.320755%~~/30/2005 ~~8.683708%~~Principal ~~0.000000%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 8.683708% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 3.773585% 0.000000% 0.000000% 0.000000% 3.773585% 1.806803% 0.000000% 0.000000% 0.000000% 1.806803% 120 ~~Days 0~~,711.~~000000%~~44 076,765.~~000000%~~65 0335,063.~~000000%~~61 ~~0.000000%~~Scheduled 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 15.094340% 0.000000% 0.000000% 0.000000% 15.094340% 10.490511% 0.000000% 0.000000% 0.000000% 10.490511% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~810.0055 0.00 01,108.0098 ~~0.00~~Unscheduled 30Principal ~~Days 34 0 0 0 34 11~~532,~~614,366~~628.1354 0304,559.0047 ~~0.00 0.00 11~~301,~~614,366~~708.1316 60Scheduled ~~Days~~Interest ~~3 0 0 0 3 731~~119,~~499~~900.0989 076,765.0065 ~~0.00 0.00 731~~333,~~499~~954.0963 90Servicing ~~Days~~Fee ~~0 0 1 0 1 0~~8,077.0041 ~~0.00 735~~5,~~000~~084.0066 ~~0.00 735~~21,~~000~~781.0056 ~~120~~Master ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 0.00 0.00 ~~0.00~~Trustee ~~0.00~~Fee ~~150 Days 0 0 0 0 0 0~~86.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 37 0 1 0 38 12,345,865.22 0.00 735,000.00 0.00 13,080,865.22 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 15.962441% 0.000000% 0.000000% 0.000000% 15.962441% 16~~.661240%~~ 054.~~000000%~~24 0232.~~000000%~~34 ~~0.000000%~~FRY ~~16.661240%~~Amount ~~60 Days 1.408451%~~ 0.000000% 0.000000% 0.000000% 1.408451% 1.049363% 0.000000% 0.000000% 0.000000% 1.049363% 90 Days 0.000000% 0.000000% 0.469484% 0.000000% 0.469484% 0.000000% 0.000000% 1.054385% 0.000000% 1.054385% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 17.370892% 0.000000% 0.469484% 0.000000% 17.840376% 17.710603% 0.000000% 1.054385% 0.000000% 18.764988% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 ~~0.00~~Special 30Hazard ~~Days~~Fee 3 0 ~~0 0 3 584,463~~.~~50 0.~~00 0.00 0.00 ~~584,463.50~~Other 60Fee ~~Days 1 0 0 0 1 176,000~~770.0015 0406.0077 ~~0.00 0.00 176~~2,~~000~~201.0096 90Pool ~~Days~~Insurance 0Fee 0 ~~0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~3 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Net ~~0.00~~Interest ~~Totals 4 0 0 0 4 760~~110,~~463~~967.5017 ~~0.00 0.00 0.00 760~~71,~~463~~219.5098 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 8.571429% 0.000000% 0.000000% 0.000000% 8.571429% 4.436523% 0.000000% 0.000000% 0.000000% 4.436523% 60 Days 2.857143% 0.000000% 0.000000% 0.000000% 2.857143% 1.335974% 0.000000% 0.000000% 0.000000% 1.335974% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 11.428571% 0.000000% 0.000000% 0.000000% 11.428571% 5.772498% 0.000000% 0.000000% 0.000000% 5.772498% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 1 0 0 1 167309,~~998~~738.8777 ~~0.00~~Realized ~~0.00~~Loss ~~167,998.87~~Amount ~~30 Days 287~~ 0 ~~0 0 287 79,642,203~~.~~44 0.~~00 0.00 0.00 ~~79,642,203.44~~Cumulative 60Realized ~~Days~~Loss 62 0 ~~0 0 62 18,712,759~~.~~44 0.~~00 0.00 0.00 ~~18,712,759.44~~Percentage 90of ~~Days~~Cumulative 14Losses 0 ~~1 0 15 3,897,098~~.650000 0.000000 ~~223,200.00~~ 0.000000 ~~4,120,298.65~~Prepayment ~~120~~Penalty ~~Days~~Waived 0Amount 0 ~~0 0 0 0~~.00 0.00 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~150~~Waived ~~Days~~Count 0 0 0 0Prepayment 0Penalty ~~0.00~~Paid ~~0.00~~Amount ~~0.00~~Not ~~0.00~~Available ~~0.00~~Not ~~180+~~Available ~~Days~~Not 0Available 0Prepayment 0Penalty 0Paid 0Count ~~0.00~~Not ~~0.00~~Available ~~0.00~~Not ~~0.00~~Available ~~0.00~~Not ~~Totals~~Available ~~363~~Special 1Servicing 1Fee 0 ~~365 102,252,061~~.5300 ~~167,998~~0.~~87 223,200.~~00 0.00 ~~102,643,260.40 0~~Pass-29Through ~~Days~~Rate 05.~~060241%~~151737 05.~~000000%~~252559 05.000000% 0.060241% 0.036330% 0.000000% 0.000000% 0.036330% 30 Days 17.289157% 0.000000% 0.000000% 0.000000% 17.289157% 17.222784% 0.000000% 0.000000% 0.000000% 17.222784% 60 Days 3.734940% 0.000000% 0.000000% 0.000000% 3.734940% 4.046671% 0.000000% 0.000000% 0.000000% 4.046671% 90 Days 0.843373% 0.000000% 0.060241% 0.000000% 0.903614% 0.842755% 0.000000% 0.048267% 0.000000% 0.891023% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.867470% 0.060241% 0.060241% 0.000000% 21.987952% 22.112211% 0.036330% 0.048267% 0.000000% 22.196808%332585

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group A4 ~~Insufficient~~5 ~~Funds~~Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.547995 6.285575 6.151235 Weighted Average Net Rate 5.172995 5.910575 5.776235 Weighted Average Remaining Term 353 353 353 Beginning Loan Count 34 1,569 1,943 Loans Paid In Full 0 54 57 Ending Loan Count 34 1,515 1,886 Beginning Scheduled Balance 12,806,406.0062 ~~Principal~~437,759,603.87 562,385,649.81 Ending scheduled Balance 12,804,338.38 419,576,804.41 543,059,966.41 Record Date 11/30/2005 11/30/2005 11/30/2005 Principal And Interest Constant 60,673.71 2,324,183.09 2,917,397.50 Scheduled Principal 1,465.48 31,207.43 34,592.44 Unscheduled Principal 602.76 18,151,592.03 19,291,090.96 Scheduled Interest 59,208.23 2,292,975.66 2,882,805.06 Servicing Fee 4,002.00 136,799.88 175,745.51 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 42.69 1,459.20 1,874.63 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 320.16 28,731.47 32,430.51 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 54,843.38 2,125,985.11 2,672,754.41 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of ~~Contaminated~~Cumulative ~~Properties~~Losses 0.0000 0.0000 0.0000 Prepayment Penalty Waived Amount 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 Prepayment Penalty Waived Count 0 0 0 Prepayment Penalty Paid Amount Not Available Not Available 256588.41 Prepayment Penalty Paid Count Not Available Not Available Not Available Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.138995 5.827815 5.703035

~~Summary~~LOAN 12STATUS ~~Month~~STRATIFICATION/CREDIT ~~REO~~ENHANCEMENT History*STATEMENT ~~New~~DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL No of Loans ~~Month~~No ~~REO~~of ~~Percentage~~Loans No of Loans inNo ~~REO~~of 0Loans ~~Oct-04~~No ~~0.000%~~of ~~Original~~Loans Principal Balance ~~0.00~~Principal ~~Nov-04~~Balance ~~0.000%~~Principal ~~Current~~Balance Principal Balance ~~0.00~~Principal ~~Dec-04~~Balance 0~~.000% Jan~~-0529 ~~0.000%~~Days ~~Current~~3 ~~REO Total Feb-05~~ 0~~.000%~~ ~~Loans in REO~~ 0 ~~Mar-05~~3 0596,840.~~000%~~16 ~~Original Principal Balance~~ 0.00 ~~Apr-05~~ 0.~~000%~~00 ~~Current~~596,840.16 ~~Principal~~30 ~~Balance~~Days 22 0~~.00~~ ~~May-05~~0 0~~.000%~~ ~~Jun-05~~22 05,065,083.~~000%~~18 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~ 0.~~000%~~00 *The5,065,083.18 ~~text~~60 ~~reported~~Days in7 ~~the~~1 ~~above~~0 ~~table~~0 is8 ~~presented~~2,496,804.64 ~~graphically~~164,457.80 on0.00 ~~the~~0.00 ~~monthly bond remittance report~~2,661,262.44 ~~The~~90 ~~monthly~~Days ~~bond~~2 ~~remittance~~0 ~~report~~6 ~~can~~0 be8 ~~viewed~~520,000.00 ~~online~~0.00 at2,508,169.57 ~~www~~0.~~ctslink~~00 3,028,169.~~com.~~57 1120 12Days ~~Month~~1 ~~REO~~1 History*6 ~~New~~1 ~~REO~~9 ~~Loans~~101,600.00 ~~Month~~97,594.72 ~~REO~~1,713,230.00 ~~Percentage~~272,250.00 ~~Loans~~2,184,674.72 in150 ~~REO~~Days 0 ~~Oct-04~~1 ~~0.000%~~4 ~~Original~~1 ~~Principal~~6 ~~Balance~~ 0.00 ~~Nov-04~~123,500.00 01,277,531.~~000%~~05 ~~Current Principal Balance 0~~91,000.00 ~~Dec-04 0~~1,492,031.~~000% Jan-~~05 ~~0.000%~~180+ ~~Current~~Days ~~REO Total Feb-05~~ 0~~.000%~~ ~~Loans in REO~~ 0 ~~Mar-05~~ 0~~.000%~~ ~~Original Principal Balance~~ 0~~.00~~ ~~Apr-05~~ 0~~.000%~~ ~~Current Principal Balance~~ 0.00 ~~May-05~~ 0.~~000%~~00 ~~Jun-05~~ 0.~~000%~~00 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~Totals ~~0.000%~~32 *The6 ~~text~~16 ~~reported~~2 in56 ~~the~~8,183,487.82 ~~above~~982,392.68 ~~table~~5,498,930.62 is363,250.00 ~~presented graphically on the monthly bond remittance report~~15,028,061.12 ~~The~~No ~~monthly~~of ~~bond~~Loans ~~remittance~~No ~~report~~of ~~can~~Loans beNo ~~viewed~~of ~~online~~Loans atNo ~~www.ctslink.com.~~of 2Loans 12No ~~Month~~of ~~REO~~Loans History*Principal ~~New~~Balance ~~REO~~Principal ~~Loans~~Balance ~~Month~~Principal ~~REO~~Balance ~~Percentage~~Principal ~~Loans~~Balance inPrincipal ~~REO~~Balance 0 ~~Oct~~-0429 Days 0.~~000~~159067% ~~Original Principal Balance~~ 0.00000000% ~~Nov-04~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00159067% ~~Dec-04~~ 0.~~000~~109903% ~~Jan-05~~ 0.~~000~~000000% ~~Current REO Total Feb-05~~ 0.~~000~~000000% ~~Loans in REO~~ 0 ~~Mar-05 0~~.~~000~~109903% ~~Original~~30 ~~Principal~~Days ~~Balance~~1.166490% 0.00000000% ~~Apr-05~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00000000% ~~May-05~~1.166490% 0.~~000~~932693% ~~Jun-05~~ 0.~~000~~000000% ~~Jul-05~~ 0.~~000~~000000% ~~Aug-05~~ 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~932693% *The60 ~~text~~Days ~~reported in the above table is presented graphically on the monthly bond remittance report~~0.371156% ~~The monthly bond remittance report can be viewed online at www~~0.~~ctslink.com.~~053022% ~~3 12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0.000000% ~~Oct-04~~ 0.~~000~~000000% ~~Original Principal Balance~~ 0.00424178% ~~Nov-04~~ 0.~~000~~459766% ~~Current Principal Balance~~ 0.00030284% ~~Dec-04~~ 0.~~000~~000000% ~~Jan-05~~ 0.~~000~~000000% ~~Current REO Total Feb-05~~ 0.~~000~~490049% ~~Loans~~90 inDays ~~REO~~ 0.106045% ~~Mar-05~~ 0.~~000~~000000% ~~Original Principal Balance~~ 0.00318134% ~~Apr-05~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00424178% ~~May-05~~ 0.~~000~~095754% ~~Jun-05~~ 0.~~000~~000000% ~~Jul-05~~ 0.~~000~~461859% ~~Aug-05~~ 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~557612% *The120 ~~text~~Days ~~reported in the above table is presented graphically on the monthly bond remittance report~~0.053022% ~~The monthly bond remittance report can be viewed online at www~~0.~~ctslink.com.~~053022% ~~4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0.318134% ~~Oct-04~~ 0.~~000~~053022% ~~Original Principal Balance~~ 0.00477200% ~~Nov-04~~ 0.~~000~~018709% ~~Current Principal Balance~~ 0.00017971% ~~Dec-04~~ 0.~~000~~315477% ~~Jan-05~~ 0.~~000~~050133% ~~Current REO Total Feb-05~~ 0.~~000~~402290% ~~Loans~~150 inDays ~~REO~~ 0.000000% ~~Mar-05~~ 0.~~000~~053022% ~~Original Principal Balance~~ 0.00212089% ~~Apr-05~~ 0.~~000~~053022% ~~Current Principal Balance~~ 0.00318134% ~~May-05~~ 0.~~000~~000000% ~~Jun-05~~ 0.~~000~~022742% ~~Jul-05~~ 0.~~000~~235247% ~~Aug-05~~ 0.~~000~~016757% ~~Sep-05~~ 0.~~000~~274745% *The180+ ~~text~~Days ~~reported in the above table is presented graphically on the monthly bond remittance report~~0.000000% ~~The monthly bond remittance report can be viewed online at www~~0.~~ctslink.com.~~000000% ~~5 12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0.000000% ~~Oct-04~~ 0.~~000~~000000% ~~Original Principal Balance~~ 0.00000000% ~~Nov-04~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00000000% ~~Dec-04~~ 0.~~000~~000000% ~~Jan-05~~ 0.~~000~~000000% ~~Current REO Total Feb-05~~ 0.~~000~~000000% ~~Loans~~Totals ~~in REO 0 Mar-05 0~~1.~~000~~696713% ~~Original Principal Balance~~ 0.00318134% ~~Apr-05~~ 0.~~000~~848356% ~~Current Principal Balance~~ 0.00106045% ~~May-05 0~~2.~~000~~969247% ~~Jun-05 0~~1.~~000~~506922% ~~Jul-05~~ 0.~~000~~180899% ~~Aug-05 0~~1.~~000~~012583% ~~Sep-05~~ 0.~~000~~066889% *The text reported in the above table is presented graphically on the monthly bond remittance report2. ~~The monthly bond remittance report can be viewed online at www.ctslink.com.~~767293%

~~REO~~OTHER ~~Loan~~INFORMATION ~~Detail - All Mortgage Loans in REO during~~ Current Period ~~Month~~Class ~~Loan~~A ~~First~~Insufficient ~~Original~~Funds ~~Loan~~0.00 ~~Entered Payment LTV at~~ Principal ~~Group~~Balance ~~Number~~of ~~REO~~Contaminated ~~Date~~Properties ~~State~~0.00 ~~Origination~~Periodic ~~Balance~~Advance ~~No REO loans this period~~496,044.40

Delinquency Status By Group DELINQUENT BANKRUPTCY FORECLOSURE REO ~~Loan~~TOTAL ~~Detail~~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 ~~All~~Days ~~Mortgage~~0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 2 No of Loans inNo 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 1 0 0 0 1 236,000.00 0.00 0.00 0.00 236,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 1 0 0 1 0.00 123,500.00 0.00 0.00 123,500.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 1 0 0 2 236,000.00 123,500.00 0.00 0.00 359,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.325581% 0.000000% 0.000000% 0.000000% 2.325581% 1.478108% 0.000000% 0.000000% 0.000000% 1.478108% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 2.325581% 0.000000% 0.000000% 2.325581% 0.000000% 0.773501% 0.000000% 0.000000% 0.773501% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.325581% 2.325581% 0.000000% 0.000000% 4.651163% 1.478108% 0.773501% 0.000000% 0.000000% 2.251609% DELINQUENT BANKRUPTCY FORECLOSURE REO ~~during~~TOTAL ~~Current~~3 ~~Period~~No ~~(continued)~~of ~~Current~~Loans ~~Paid~~No ~~Current~~of ~~Approximate~~Loans ~~Loan~~No of Loans No of Loans No of Loans Principal ToBalance ~~Months~~Principal ~~Loan~~Balance ~~Delinquent~~Principal ~~Group~~Balance ~~Number~~Principal Balance ~~Date~~Principal ~~Delinquent~~Balance ~~Rate~~0-29 ~~Interest~~Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 150,997.00 0.00 0.00 0.00 150,997.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 150,997.00 0.00 0.00 0.00 150,997.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.471698% 0.000000% 0.000000% 0.000000% 0.471698% 0.217581% 0.000000% 0.000000% 0.000000% 0.217581% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.471698% 0.000000% 0.000000% 0.000000% 0.471698% 0.217581% 0.000000% 0.000000% 0.000000% 0.217581% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 176,000.00 0.00 0.00 0.00 176,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 176,000.00 0.00 0.00 0.00 176,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.941176% 0.000000% 0.000000% 0.000000% 2.941176% 1.374534% 0.000000% 0.000000% 0.000000% 1.374534% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.941176% 0.000000% 0.000000% 0.000000% 2.941176% 1.374534% 0.000000% 0.000000% 0.000000% 1.374534% DELINQUENT BANKRUPTCY FORECLOSURE REO ~~loans~~TOTAL ~~this~~5 ~~period~~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 3 596,840.16 0.00 0.00 596,840.16 30 Days 19 0 0 0 19 4,502,086.18 0.00 0.00 0.00 4,502,086.18 60 Days 7 1 0 0 8 2,496,804.64 164,457.80 0.00 0.00 2,661,262.44 90 Days 2 0 6 0 8 520,000.00 0.00 2,508,169.57 0.00 3,028,169.57 120 Days 1 1 6 1 9 101,600.00 97,594.72 1,713,230.00 272,250.00 2,184,674.72 150 Days 0 0 4 1 5 0.00 0.00 1,277,531.05 91,000.00 1,368,531.05 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 29 5 16 2 52 7,620,490.82 858,892.68 5,498,930.62 363,250.00 14,341,564.12 0-29 Days 0.198020% 0.000000% 0.000000% 0.198020% 0.142248% 0.000000% 0.000000% 0.142248% 30 Days 1.254125% 0.000000% 0.000000% 0.000000% 1.254125% 1.073006% 0.000000% 0.000000% 0.000000% 1.073006% 60 Days 0.462046% 0.066007% 0.000000% 0.000000% 0.528053% 0.595077% 0.039196% 0.000000% 0.000000% 0.634273% 90 Days 0.132013% 0.000000% 0.396040% 0.000000% 0.528053% 0.123934% 0.000000% 0.597786% 0.000000% 0.721720% 120 Days 0.066007% 0.066007% 0.396040% 0.066007% 0.594059% 0.024215% 0.023260% 0.408323% 0.064887% 0.520685% 150 Days 0.000000% 0.000000% 0.264026% 0.066007% 0.330033% 0.000000% 0.000000% 0.304481% 0.021689% 0.326169% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.914191% 0.330033% 1.056106% 0.132013% 3.432343% 1.816233% 0.204705% 1.310590% 0.086575% 3.418102%

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 21 ~~Oct~~Jan-0405 0.000% Original Principal Balance ~~958~~272,~~200~~250.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance ~~958~~272,~~200~~250.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current ~~Foreclosure~~REO Total ~~Feb~~May-05 0.000% Loans in ~~Foreclosure~~REO 2 ~~Mar~~Jun-05 0.000% Original Principal Balance ~~958~~363,~~200~~250.00 ~~Apr~~Jul-05 0.000% Current Principal Balance ~~958~~363,~~200~~250.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.~~000~~016% ~~Sep~~Dec-05 0.~~162~~067% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current ~~Foreclosure~~REO Total ~~Feb~~May-05 0.000% Loans in ~~Foreclosure~~REO 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current ~~Foreclosure~~REO Total ~~Feb~~May-05 0.000% Loans in ~~Foreclosure~~REO 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 10 ~~Oct~~Jan-0405 0.000% Original Principal Balance ~~735,000~~0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance ~~735,000~~0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current ~~Foreclosure~~REO Total ~~Feb~~May-05 0.000% Loans in ~~Foreclosure~~REO 10 ~~Mar~~Jun-05 0.000% Original Principal Balance ~~735,000~~0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance ~~735,000~~0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~Dec-05 10.~~054~~000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current ~~Foreclosure~~REO Total ~~Feb~~May-05 0.000% Loans in ~~Foreclosure~~REO 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~Dec-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. 5 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 1 ~~Oct~~Jan-0405 0.000% Original Principal Balance ~~223~~272,~~200~~250.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance ~~223~~272,~~200~~250.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current ~~Foreclosure~~REO Total ~~Feb~~May-05 0.000% Loans in ~~Foreclosure~~REO 12 ~~Mar~~Jun-05 0.000% Original Principal Balance ~~223~~363,~~200~~250.00 ~~Apr~~Jul-05 0.000% Current Principal Balance ~~223~~363,~~200~~250.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.~~000~~021% ~~Sep~~Dec-05 0.~~048~~087% *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~~REO Loan Detail - All Mortgage Loans in ~~Foreclosure~~REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FCREO Date State Origination Balance 35 ~~2503102919~~1103385504 ~~Sep~~Nov-2005 01-Jun-2005 CAGA 0.00 ~~735~~91,000.00 5 ~~1103388858~~1103411054 ~~Sep~~Dec-2005 01-~~Apr~~May-2005 ILMI 0.00 ~~223~~272,~~200~~250.00

~~Foreclosure~~REO Loan Detail - All Mortgage Loans in ~~Foreclosure~~REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest 35 ~~2503102919~~1103385504 ~~735~~91,000.00 01-May-2005 3 5 6.625% 123,~~789~~301.0081 5 ~~1103388858~~1103411054 ~~223~~272,~~200~~250.00 01-~~May~~Jun-2005 34 67.~~810~~690% 47,~~765~~588.3298

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Foreclosure ~~Mixed~~History* ~~Fixed~~New &Foreclosure ~~Arm~~Loans ~~Weighted~~Month ~~Average~~Foreclosure ~~Gross~~Percentage ~~Coupon~~Loans 6in Foreclosure 7 Jan-05 0.~~074147~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~3,003,900.00 5Feb-05 0.~~699147~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 2,996,169.57 Mar-~~Through~~05 ~~Rate~~0.000% 5Apr-05 0.~~628035~~000% ~~Weighted~~Current ~~Average~~Foreclosure ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~356~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Foreclosure ~~Loan~~16 ~~Count~~Jun-05 20.000% Original Principal Balance 5,~~095~~507,130.00 ~~Number~~Jul-05 Of0.000% Current Principal Balance 5,498,930.62 Aug-05 0.000% Sep-05 0.162% Oct-05 0.499% Nov-05 0.587% Dec-05 1.013% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month Foreclosure History* New Foreclosure Loans ~~Paid~~Month InForeclosure ~~Full~~Percentage 47Loans ~~Ending~~in ~~Scheduled~~Foreclosure ~~Collateral~~0 ~~Loan~~Jan-05 ~~Count~~0.000% ~~2,048~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Feb-05 0.000% Current Principal Balance ~~607,031,365~~0.3200 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 0 Jun-05 0.000% Original Principal Balance ~~592,549,233~~0.0400 ~~Ending~~Jul-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-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 31www.ctslink.com. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-~~2005~~05 ~~592,549,233~~0.04000% ~~Monthly~~Sep-05 ~~P&I~~0.000% ~~Constant~~Oct-05 0.741% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3~~,111,051~~ 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jan-05 0.42000% ~~Special~~Original ~~Servicing~~Principal ~~Fee~~Balance 0.00 ~~Prepayment~~Feb-05 ~~Penalties~~0.000% ~~95,043~~Current Principal Balance 0.4700 ~~Realized~~Mar-05 ~~Loss~~0.000% ~~Amount~~Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Cumulative~~Jul-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Scheduled~~Aug-05 0.000% Sep-05 1.054% Oct-05 1.054% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jan-05 0.000% Original Principal 38Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-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. 5 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 7 Jan-05 0.000% Original Principal Balance 3,~~386~~003,900.00 Feb-05 0.000% Current Principal Balance 2,996,169.57 ~~Unscheduled~~Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 16 Jun-05 0.000% Original Principal 14Balance 5,~~443~~507,~~745~~130.7100 Jul-05 0.000% Current Principal Balance 5,498,930.62 Aug-05 0.000% Sep-05 0.048% Oct-05 0.449% Nov-05 0.754% Dec-05 1.311% *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~~Foreclosure ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All 1Mortgage 2Loans 3in ~~Collateral~~Foreclosure ~~Description~~during ~~Fixed~~Current ~~15/30~~Period &Month ~~ARM~~Loan ~~Fixed~~First ~~15/30~~Original &Loan ~~ARM~~Entered ~~Fixed~~Payment ~~15/30~~LTV &at ~~ARM~~Principal ~~Weighted~~Group ~~Average~~Number ~~Coupon~~FC ~~Rate~~Date ~~5.569185~~State ~~5.662818~~Origination Balance 5~~.751584~~ ~~Weighted~~1103353845 ~~Average~~Dec-2005 ~~Net~~01-May-2005 ~~Rate~~CA 50.~~194185~~00 5630,000.~~287818~~00 5~~.376584~~ ~~Weighted~~1103382319 ~~Average~~Nov-2005 ~~Maturity~~01-May-2005 ~~356~~CO ~~356 357 Beginning Loan Count 88 54 215 Loans Paid In Full 1 1 2 Ending Loan Count 87 53 213 Beginning Scheduled Balance 27,921,035~~0.0300 20157,~~606,271~~500.6100 ~~70,432,197.59~~5 ~~Ending~~1103393761 ~~Scheduled~~Dec-2005 ~~Balance~~01-May-2005 ~~27,345,899.61~~IL ~~19,897,024~~0.0800 6977,~~708,892~~000.1000 ~~Record~~5 ~~Date~~1103394333 ~~08/31/~~Oct-2005 ~~08/31/~~01-Jun-2005 ~~08/31/2005~~IL ~~Principal And Interest Constant 130,379~~0.2300 9790,~~241~~930.3100 ~~338,673.81~~5 ~~Scheduled~~1103396576 ~~Principal~~Nov-2005 ~~798.05~~01-May-2005 CA 0.00 1147,~~093~~200.2100 ~~Unscheduled~~5 ~~Principal~~1103401143 ~~574,337.37~~Dec-2005 ~~709,247.53~~01-May-2005 ~~722,212.28~~CA ~~Scheduled Interest 129,581~~0.1800 97312,~~241~~000.3100 ~~337,580.60~~5 ~~Servicing~~1103402057 ~~Fees~~Dec-2005 ~~8,725.32~~01-Mar-2005 ~~6,439.46~~CA ~~22,010.06 Master Servicing Fees~~ 0.00 0488,000.00 ~~0.00~~5 ~~Trustee~~1103402058 ~~Fee~~Nov-2005 ~~93.07~~01-Apr-2005 ~~68.69~~CA ~~234.77 FRY Amount~~ 0.00 0650,000.00 ~~0.00~~5 ~~Special~~1103411005 ~~Hazard~~Nov-2005 ~~Fee~~01-Apr-2005 ~~0.00~~OH 0.00 0179,600.00 ~~Other~~5 ~~Fee~~1103413199 ~~821.99~~Dec-2005 ~~515.16~~01-May-2005 ~~2,220.23~~MD ~~Pool Insurance Fee~~ 0.00 0646,200.00 ~~0.00~~5 ~~Spread~~1103414621 1Nov-2005 ~~0.00~~01-May-2005 ~~0.00~~CA 0.00 ~~Spread 2 0~~312,000.00 ~~0.00~~5 ~~0.00~~1103414713 ~~Spread~~Oct-2005 301-May-2005 ~~0.00~~CA 0.00 ~~0.00 Net Interest 119~~328,~~940~~000.~~80 90,218.~~00 ~~313,115.54~~5 ~~Realized~~1103417212 ~~Loss~~Dec-2005 ~~Amount~~01-May-2005 ~~0.00~~NY 0.00 0342,000.00 ~~Cumulative~~5 ~~Realized~~2503103899 ~~Loss~~Oct-2005 ~~0.00~~01-Jun-2005 TX 0.00 0238,000.00 ~~Percentage~~5 of2503105333 ~~Cumulative~~Dec-2005 ~~Losses~~01-Jun-2005 ~~0.0000~~CA 0.~~0000 0.0000 Prepayment Penalties 0.~~00 0508,700.00 ~~0.00~~5 ~~Special~~2503106686 ~~Servicing~~Oct-2005 ~~Fee~~01-Jun-2005 ~~0.00~~CA 0.00 0400,000.00 ~~Pass-Through Rate 5.154858 5.253818 5.334757~~

~~Group~~Foreclosure ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All 4Mortgage 5Loans ~~Total~~in ~~Collateral~~Foreclosure ~~Description~~during ~~Fixed~~Current ~~15/30~~Period &(continued) ~~ARM~~Current ~~Fixed~~Paid ~~15/30~~Current &Approximate ~~ARM~~Loan ~~Mixed~~Principal ~~Fixed~~To &Months ~~Arm~~Loan ~~Weighted~~Delinquent ~~Average~~Group ~~Coupon~~Number Balance Date Delinquent Rate Interest 5~~.553632~~ ~~6.183966~~1103353845 6630,000.~~074147~~00 ~~Weighted~~01-Jul-2005 ~~Average~~3 ~~Net Rate~~ 5.~~178632~~375% 513,046.~~808966~~25 5~~.699147~~ ~~Weighted~~1103382319 ~~Average~~157,500.00 ~~Maturity~~01-Jun-2005 ~~356~~4 ~~356~~6.375% ~~356 Beginning Loan Count 35 1~~4,~~703~~701.36 ~~2,095~~5 ~~Loans~~1103393761 ~~Paid In Full 0 43 47 Ending Loan Count 35 1~~77,~~660~~000.00 ~~2,048~~01-Jul-2005 ~~Beginning~~3 ~~Scheduled Balance 13,176,423~~6.53750% ~~474~~2,~~895,437~~035.5670 ~~607,031,365.32~~5 ~~Ending~~1103394333 ~~scheduled Balance 13~~90,~~173,907~~930.7300 ~~462,423,509.52 592,549,233.04 Record Date 08/31/~~01-Jun-2005 ~~08/31/2005~~4 ~~08/31/2005 Principal And Interest Constant 62,425~~6.91625% 2,~~482,331~~827.1692 35 1103396576 147,~~111,051~~200.4200 ~~Scheduled~~01-Jun-2005 ~~Principal~~4 ~~1,445~~6.07625% 354,~~050~~577.2494 385 1103401143 308,~~386~~704.5750 ~~Unscheduled~~01-Jul-2005 ~~Principal~~3 ~~1,070~~6.73500% 127,~~436,877~~839.80 ~~14,443,745.71~~5 ~~Scheduled~~1103402057 ~~Interest 60~~488,~~980~~000.8400 ~~2,447,280.92~~01-Jun-2005 ~~3,072,664.85 Servicing Fees~~ 4~~,117.63~~ ~~148,404~~6.82750% ~~189~~15,~~697~~481.2980 ~~Master~~5 ~~Servicing~~1103402058 ~~Fees 0~~650,000.00 ~~0.00~~01-Jun-2005 ~~0.00~~4 ~~Trustee Fee 43~~6.92250% 118,~~582~~996.9824 25 1103411005 179,~~023~~600.4300 ~~FRY~~01-Jun-2005 ~~Amount~~4 05.00890% 04,925.0052 ~~0.00~~5 ~~Special~~1103413199 ~~Hazard Fee 0~~646,200.00 ~~0.00~~01-Jul-2005 ~~0.00~~3 ~~Other Fee 329~~8.41000% 3020,~~062~~449.~~76 33,949.~~55 ~~Pool~~5 ~~Insurance~~1103414621 ~~Fee 0~~311,768.0045 ~~0.00~~01-May-2005 ~~0.00~~5 ~~Spread 1 0~~7.00500% 012,903.0031 ~~0.00~~5 ~~Spread~~1103414713 ~~2 0~~327,762.0060 ~~0.00~~01-May-2005 ~~0.00~~5 ~~Spread 3 0~~7.00625% 013,804.0028 ~~0.00~~5 ~~Net~~1103417212 ~~Interest 56~~339,~~489~~095.8807 ~~2,267,230~~01-Jul-2005 3 5.36750% 27,~~846,994~~576.5844 ~~Realized~~5 ~~Loss~~2503103899 ~~Amount 0~~238,000.00 ~~0.00~~01-May-2005 ~~0.00~~5 ~~Cumulative Realized Loss 0~~6.00875% 08,982.0053 ~~0.00~~5 ~~Percentage~~2503105333 ~~of Cumulative Losses 0~~507,170.~~0000~~00 ~~0.0000~~01-Jul-2005 ~~0.0000~~3 ~~Prepayment Penalties 0~~6.00250% 012,351.0070 ~~0.00~~5 ~~Special~~2503106686 ~~Servicing Fee 0~~400,000.00 ~~0.00 0.00 Pass~~01-~~Through~~May-2005 ~~Rate~~ 5~~.144632~~ 56.~~729001~~125% 513,346.~~628035~~69

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~Prepayment~~Summary ~~Detail~~12 -Month ~~Prepayments~~Bankruptcy ~~during~~History* ~~Current~~New ~~Period~~Bankruptcy ~~Summary~~Loans Month Bankruptcy Percentage Loans ~~Paid~~in InBankruptcy ~~Full~~1 ~~Repurchased~~Jan-05 ~~Loans~~0.000% Original ~~Current~~Principal ~~Original~~Balance 164,500.00 Feb-05 0.000% Current Principal ~~Principal~~Balance ~~Principal~~164,457.80 ~~Principal~~Mar-05 ~~Group~~0.000% ~~Count~~Apr-05 ~~Balance~~0.000% ~~Balance~~Current ~~Count~~Bankruptcy Total May-05 0.000% Loans in Bankruptcy 6 Jun-05 0.000% Original Principal Balance 983,003.20 Jul-05 0.000% Current Principal Balance 1982,392.68 Aug-05 0.000% Sep-05 0.028% Oct-05 0.046% Nov-05 0.175% Dec-05 0.181% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 ~~574,~~12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~574,~~Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 1 ~~708~~Jun-05 0.000% Original Principal Balance 123,~~900~~500.00 ~~708~~Jul-05 0.000% Current Principal Balance 123,~~900~~500.00 Aug-05 0.000% Sep-05 0.00000% Oct-05 0.00000% Nov-05 0.759% Dec-05 0.774% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 212 ~~722,365~~Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~722,365~~Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 5Aug-05 430.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-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. 5 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 1 Jan-05 0.000% Original Principal Balance 164,~~430,683~~500.00 12Feb-05 0.000% Current Principal Balance 164,~~426,047~~457.9780 0Mar-05 0.00000% Apr-05 0.00000% Current Bankruptcy Total 47May-05 140.000% Loans in Bankruptcy 5 Jun-05 0.000% Original Principal Balance 859,~~435,948~~503.0020 14Jul-05 0.000% Current Principal Balance 858,~~431,312~~892.9768 Aug-05 0.000% Sep-05 0.00036% Oct-05 0.00059% Nov-05 0.197% Dec-05 0.205% *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.

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~(continued)~~Group ~~Summary~~Loan ~~Substitution~~Month ~~Loans~~Loan ~~Liquidated~~First ~~Loans~~State ~~Curtailments~~LTV ~~Original~~at ~~Current~~ Original ~~Current~~Number ~~Principal~~Entered ~~Principal~~Payment ~~Principal~~Origination Principal ~~Curtailment~~Bankruptcy ~~Group~~Date ~~Count~~ Balance ~~Balance~~2 ~~Count~~1103410505 ~~Balance~~Nov-2005 ~~Balance~~01-May-2005 ~~Amount~~GA 1 0 0.00 0123,500.00 05 ~~0.00~~1103364711 ~~0.00~~Nov-2005 ~~337.37~~01-May-2005 2NV 0 0.00 0260,000.00 05 ~~0.00~~1103392102 ~~0.00~~Nov-2005 ~~347.53~~01-Jun-2005 3IN 0 0.00 086,800.00 05 ~~0.00~~1103407430 ~~0.00~~Dec-2005 ~~(152.72)~~01-Jun-2005 4VA 0 0.00 0164,500.00 ~~0 0.00 0.00 1,070.73~~ 5 01103411052 ~~0.00~~Nov-2005 ~~0.00~~01-Jan-2005 0OH 0.00 ~~0.00 11~~250,~~989~~603.5820 ~~Total~~5 01103411355 ~~0.00~~Oct-2005 ~~0.00~~01-Apr-2005 0GA 0.00 ~~0.00 13~~97,~~592~~600.4900

~~Prepayment~~Bankruptcy ~~Loan~~ Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~First~~(continued) ~~Original~~Group Loan ~~LTV~~Current atPaid ~~Payment~~To ~~Principal~~Months ~~Prepayment~~Current ~~Group~~Approximate Number ~~State~~Principal ~~Origination~~ Date ~~Balance~~Delinquent ~~Amount~~Loan 1Rate ~~1103382875~~Delinquent CABalance ~~0.00~~Interest ~~01-May-2005 574,000.00 574,000.00~~ 2 ~~1103414380~~1103410505 ~~CA 0.00 01-Jun-2005 708~~123,~~900~~500.00 ~~708,900.00 3 1103391480 CA 0.00~~ 01-~~Jun-2005 178,465.00 178,465.00 3 1103392767 CA 0.00 01-~~May-2005 ~~543,900.00 543,900.00~~ 5 ~~1103367873 CA 0~~6.~~00 01-Jun-2005 321,200.00 321,200.00 5 1103369230 CA 0.00 01-Mar-2005 270,100.00 270,076.11 5 1103382792 CA 0.00 01-May-2005 750,~~000~~.00~~% ~~750~~4,~~234~~030.3774 5 ~~1103387126~~1103364711 NJ 0.00 01-May-2005 192,000.00 192,000.00 5 1103387162 NC 0.00 01-May-2005 166,050.00 166,050.00 5 1103394269 AZ 0.00 01-May-2005 218,000.00 218,000.00 5 1103394938 NJ 0.00 01-Jun-2005 165,000.00 165,000.00 5 1103396094 GA 0.00 01-May-2005 191,300.00 191,300.00 5 1103396230 IL 0.00 01-May-2005 146,400.00 146,400.00 5 1103396318 NV 0.00 01-May-2005 199,192.00 199,192.00 5 1103397482 VA 0.00 01-May-2005 190,000.00 189,887.34 5 1103399709 CA 0.00 01-May-2005 115,020.00 115,020.00 5 1103401083 AZ 0.00 01-May-2005 152,000.00 151,338.24 5 1103401607 CA 0.00 01-Jun-2005 359,000.00 357,869.60 5 1103401690 CA 0.00 01-Jun-2005 291,830.00 291,830.00 5 1103401972 CA 0.00 01-May-2005 356,993.00 356,993.00 5 1103402064 CA 0.00 01-Mar-2005 259,~~000~~956.0025 ~~259,000.00 5 1103405224 FL 0.00~~ 01-~~Jun~~Oct-2005 ~~238,000.00 237,132.37 5 1103406286 CA~~ 0~~.00~~ ~~01-Jun-2005 455,200~~6.00250% ~~455~~2,~~200~~532.0040 5 ~~1103406729~~1103392102 ~~CA 0.00 01-May-2005 335~~86,300.00 335,300.00 5 1103407183 CA 0.00 01-May-2005 520,000.00 519,998.67 5 1103407198 CA 0.00 01-May-2005 410,400.00 410,400.00 5 1103408679 CA 0.00 01-Jun-2005 488,000.00 486,425.04 5 1103408760 CA 0.00 01-Jun-2005 243,750.00 243,750.00 5 1103409310 MN 0.00 01-May-2005 115,425.00 115,425.00 5 1103410981 VA 0.00 01-Apr-2005 167,280.0071 ~~167,280.00 5 1103411041 MO 0.00~~ 01-~~Apr~~Nov-2005 ~~106,400.00 106,389.92 5 1103411074 CA~~ 0~~.00~~ ~~01-Apr-2005 208,000~~6.00875% ~~208,000~~931.0061 5 ~~1103411078~~1103407430 ~~CA 0.00 01-May-2005 322~~164,~~480~~457.0080 ~~322,480.00 5 1103411105 MD 0.00~~ 01-~~Apr~~Aug-2005 ~~390,231.00~~2 ~~390,231~~7.00125% ~~5 1103413179 VA 0.00 01-Feb-2005 228~~3,~~000~~272.0073 ~~228,000.00~~ 5 ~~1103413189~~1103411052 ~~MD 0.00 01-May-2005 356~~250,~~000~~603.0020 ~~356,000.00 5 1103414394 CA 0.00~~ 01-~~Jun~~Oct-2005 ~~107,800.00 107,800.00 5 1103414395 CA~~ 0~~.00~~ ~~01-Jun-2005 724,000.00 724,000.00~~ 5 ~~1103414638 VA 0~~.00990% ~~01-May-2005 382~~2,~~500~~332.0070 ~~382,500.00~~ 5 ~~1103414683~~1103411355 ~~CA 0.00 01-May-2005 214~~97,~~000~~594.0072 ~~214,000.00 5 1103414699 VA 0.00~~ 01-~~May-2005 304,932.00 304,932.00 5 1103414707 CA 0.00 01-May-2005 450,000.00 450,000.00 5 1103414719 IL 0.00 01-May-2005 262,500.00 262,278.20 5 1103415480 CA 0.00 01-~~Jun-2005 ~~252,000.00~~4 ~~252,000~~6.00390% ~~5 2503101839 CA 0.00 01-Jun-2005 177~~2,~~800~~920.~~00 177,800.00 5 2503105102 CA 0.00 01-Jun-2005 272,500.00 272,500.00 5 2503108192 AZ 0.00 01-Jun-2005 355,100.00 353,675.36~~53

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 1103382875 Loan Paid in Full 1 5.125% 360 4 2 1103414380 Loan Paid in Full 0 6.000% 360 3 3 1103391480 Loan Paid in Full 0 5.875% 360 3 3 1103392767 Loan Paid in Full 1 6.000% 360 4 5 1103367873 Loan Paid in Full 0 6.875% 360 3 5 1103369230 Loan Paid in Full 0 5.990% 360 6 5 1103382792 Loan Paid in Full 0 7.000% 360 4 5 1103387126 Loan Paid in Full 1 7.625% 360 4 5 1103387162 Loan Paid in Full 0 8.125% 360 4 5 1103394269 Loan Paid in Full 0 6.375% 360 4 5 1103394938 Loan Paid in Full 0 7.125% 360 3 5 1103396094 Loan Paid in Full 0 5.500% 360 4 5 1103396230 Loan Paid in Full 0 5.625% 360 4 5 1103396318 Loan Paid in Full 0 6.875% 360 4 5 1103397482 Loan Paid in Full 0 6.500% 360 4 5 1103399709 Loan Paid in Full 0 6.250% 360 4 5 1103401083 Loan Paid in Full 0 6.750% 360 4 5 1103401607 Loan Paid in Full 0 7.250% 360 3 5 1103401690 Loan Paid in Full 0 6.125% 360 3 5 1103401972 Loan Paid in Full 1 6.875% 360 4 5 1103402064 Loan Paid in Full 2 5.125% 360 6 5 1103405224 Loan Paid in Full 0 6.500% 360 3 5 1103406286 Loan Paid in Full 1 6.250% 360 3 5 1103406729 Loan Paid in Full 0 5.375% 360 4 5 1103407183 Loan Paid in Full 0 6.500% 360 4 5 1103407198 Loan Paid in Full 0 5.750% 360 4 5 1103408679 Loan Paid in Full 0 7.125% 360 3 5 1103408760 Loan Paid in Full 0 6.875% 360 3 5 1103409310 Loan Paid in Full 0 7.375% 360 4 5 1103410981 Loan Paid in Full 0 6.640% 360 5 5 1103411041 Loan Paid in Full 0 6.790% 360 5 5 1103411074 Loan Paid in Full 0 5.990% 360 5 5 1103411078 Loan Paid in Full 0 5.590% 360 4 5 1103411105 Loan Paid in Full 1 5.690% 360 5 5 1103413179 Loan Paid in Full 0 7.250% 360 7 5 1103413189 Loan Paid in Full 1 7.000% 360 4 5 1103414394 Loan Paid in Full 0 6.000% 360 3 5 1103414395 Loan Paid in Full 0 6.500% 360 3 5 1103414638 Loan Paid in Full 0 6.000% 360 4 5 1103414683 Loan Paid in Full 0 8.500% 360 4 5 1103414699 Loan Paid in Full 1 5.500% 360 4 5 1103414707 Loan Paid in Full 1 6.875% 360 4 5 1103414719 Loan Paid in Full 0 6.875% 360 4 5 1103415480 Loan Paid in Full 0 6.250% 360 3 5 2503101839 Loan Paid in Full 0 4.875% 360 3 5 2503105102 Loan Paid in Full 0 5.500% 360 3 5 2503108192 Loan Paid in Full 0 6.000% 360 3

Summary SMM CPR PSA Current Month 2.380% Current Month 25.099% Current Month 3,359.052% 3 Month Average 2.217% 3 Month Average 23.477% 3 Month Average 4,461.179% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 17.583% N/A Jul-2005 4,956.730% N/A Aug-2005 27.749% N/A Aug-2005 5,067.756% N/A Sep-2005 25.099% N/A Sep-2005 3,359.052% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 2.057% Current Month 22.075% Current Month 2,912.379% 3 Month Average 1.644% 3 Month Average 17.210% 3 Month Average 2,734.681% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.032% N/A Jul-2005 8.822% N/A Aug-2005 29.522% N/A Aug-2005 5,282.842% N/A Sep-2005 22.075% N/A Sep-2005 2,912.379% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 3.442% Current Month 34.315% Current Month 4,779.223% 3 Month Average 1.151% 3 Month Average 11.487% 3 Month Average 1,606.709% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.101% N/A Jul-2005 32.128% N/A Aug-2005 0.045% N/A Aug-2005 8.774% N/A Sep-2005 34.315% N/A Sep-2005 4,779.223% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 SMM CPR PSA Current Month 1.025% Current Month 11.634% Current Month 1,651.744% 3 Month Average 0.792% 3 Month Average 9.089% 3 Month Average 1,942.450% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 8.257% N/A Jul-2005 2,714.502% N/A Aug-2005 7.376% N/A Aug-2005 1,461.103% N/A Sep-2005 11.634% N/A Sep-2005 1,651.744% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 SMM CPR PSA Current Month 0.008% Current Month 0.097% Current Month 11.099% 3 Month Average 0.968% 3 Month Average 9.938% 3 Month Average 2,074.483% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 29.717% N/A Jul-2005 6,212.349% N/A Aug-2005 0.000% N/A Aug-2005 0.001% N/A Sep-2005 0.097% N/A Sep-2005 11.099% 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. 5 SMM CPR PSA Current Month 2.619% Current Month 27.274% Current Month 3,633.977% 3 Month Average 2.535% 3 Month Average 26.372% 3 Month Average 4,992.009% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 20.045% N/A Jul-2005 5,572.012% N/A Aug-2005 31.797% N/A Aug-2005 5,770.037% N/A Sep-2005 27.274% N/A Sep-2005 3,633.977% 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 3 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 4 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 5 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-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 www. 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)

Prepayment - Voluntary Prepayments

Filing Compare · IMPAC Secured Assets Corp. Mortgage Pass-Through Certificates, Series 2005-1