8-K 1 imh05003_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 CMB TRUST Collateralized Asset-Backed Bonds, Series 2005-3 (Exact name of registrant as specified in its charter) New York (governing law of 333-117817-07 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of IMPAC CMB TRUST, Collateralized Asset-Backed Bonds, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Collateralized Asset-Backed Bonds, Series 2005-3 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 CMB TRUST Collateralized Asset-Backed Bonds, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture 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 Collateralized Asset-Backed Bonds, Series 2005-3 Trust, relating to the December 27, 2005 distribution . EX-99.1 Impac CMB Trust Collateralized Asset-Backed Bonds Record Date: 11/30/2005 Distribution Date: 12/27/2005 Impac CMB Trust Collateralized Asset-Backed Bonds Series 2005-3 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 Assets Corp. Collateralized Asset-Backed Bonds Record Date: 7/29/2005 Distribution Date: 8/25/2005 Impac Assets Corp. Collateralized Asset-Backed Bonds Series IMPAC CMB TRUST SERIES 2005-3 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~~ A-1 45254NNP8 ~~SEN 3~~4.~~70000~~43375% ~~537~~474,~~801~~462,~~082~~711.9666 1,~~713~~869,~~494~~910.0126 A-2 45254NNQ6 ~~SEN 3~~4.~~76000~~49375% 5952,~~755~~718,~~675~~079.8807 ~~193~~210,~~475~~579.6044 A-IO 45254NNS2 ~~SEN 1~~0.~~45000~~85000% 0.00 ~~874~~360,~~674~~965.3727 A-3 45254NNR4 ~~SEN 3~~4.~~64000~~37375% ~~142~~125,~~275~~519,~~418~~235.7789 ~~445~~487,~~954~~990.4090 M-1 45254NNT0 ~~SUB 3~~4.~~88000~~61375% 9079,~~107~~495,~~765~~516.2206 ~~301~~326,~~060~~019.0694 M-2 45254NNU7 ~~SUB 3~~4.~~91000~~64375% 4237,~~682~~655,~~625~~770.6377 ~~143~~155,~~710~~434.0365 M-3 45254NNV5 ~~SUB 3~~4.~~96000~~69375% 2220,~~764~~083,~~067~~077.0074 7783,~~625~~791.4706 M-4 45254NNW3 ~~SUB~~ 4.~~11000~~84375% 1513,~~176~~388,~~044~~718.6749 5357,~~710~~645.5587 M-5 45254NNX1 ~~SUB~~ 4.~~16000~~89375% 1614,~~598~~643,~~798~~910.8685 5963,~~460~~701.5901 M-6 45254NNY9 ~~SUB~~ 4.~~21000~~94375% 98,~~485~~367,~~027~~949.9206 3436,~~385~~772.8649 B 45254NNZ6 ~~SUB 4~~5.~~81000~~54375% 1110,~~856~~459,~~284~~936.9032 4951,~~108~~544.0724 CERTS IMH05003C ~~SEN~~ 0.00000% 0.00 ~~517~~180,~~341~~806.0946 Totals ~~948~~836,~~502~~794,~~791~~905.8191 43,~~464~~885,~~000~~161.1059

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses A-1 914,~~369~~414,~~165~~469.8943 0.00 ~~528~~460,~~431~~048,~~917~~242.0723 1116,~~082~~284,~~659~~379.9069 0.00 A-2 1,~~041~~601,~~018~~607.4371 0.00 5851,~~714~~116,~~657~~471.4536 1,~~234~~812,~~494~~187.0315 0.00 A-IO 0.00 0.00 0.00 ~~874~~360,~~674~~965.3727 0.00 A-3 23,~~478~~813,~~615~~351.3270 0.00 ~~139~~121,~~796~~705,~~803~~884.4619 24,~~924~~301,~~569~~342.7260 0.00 M-1 12,~~569~~415,~~789~~122.7074 0.00 8877,~~537~~080,~~975~~393.5232 12,~~870~~741,~~849~~142.7668 0.00 M-2 ~~743~~1,~~584~~144,005.5951 0.00 4136,~~939~~511,~~041~~765.0426 ~~887~~1,~~294~~299,440.6216 0.00 M-3 ~~396~~610,~~578~~136.4527 0.00 2219,~~367~~472,~~488~~941.5547 ~~474~~693,~~203~~927.9233 0.00 M-4 ~~264~~406,~~385~~757.6351 0.00 1412,~~911~~981,~~659~~960.0498 ~~318~~464,~~096~~403.1838 0.00 M-5 ~~289~~444,~~171~~891.7903 0.00 1614,~~309~~199,~~627~~019.0782 ~~348~~508,~~632~~592.3804 0.00 M-6 ~~165~~254,~~241~~223.0245 0.00 98,~~319~~113,~~786~~725.9061 ~~199~~290,~~626~~995.8894 0.00 B ~~206~~317,~~551~~779.2831 0.00 1110,~~649~~142,~~733~~157.6202 ~~255~~369,~~659~~323.3555 0.00 CERTS 0.00 0.00 0.00 ~~517~~180,~~341~~806.0946 0.00 Totals 1625,~~524~~422,~~102~~344.1066 0.00 ~~931~~811,~~978~~372,~~689~~561.7226 2029,~~988~~307,~~102~~506.2025 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)~~ A-1 567,000,000.00 ~~537~~474,~~801~~462,~~082~~711.9666 0.00 914,~~369~~414,~~165~~469.8943 0.00 0.00 A-2 63,000,000.00 5952,~~755~~718,~~675~~079.8807 0.00 1,~~041~~601,~~018~~607.4371 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-3 150,000,000.00 ~~142~~125,~~275~~519,~~418~~235.7789 0.00 23,~~478~~813,~~615~~351.3270 0.00 0.00 M-1 95,000,000.00 9079,~~107~~495,~~765~~516.2206 0.00 12,~~569~~415,~~789~~122.7074 0.00 0.00 M-2 45,000,000.00 4237,~~682~~655,~~625~~770.6377 0.00 ~~743~~1,~~584~~144,005.5951 0.00 0.00 M-3 24,000,000.00 2220,~~764~~083,~~067~~077.0074 0.00 ~~396~~610,~~578~~136.4527 0.00 0.00 M-4 16,000,000.00 1513,~~176~~388,~~044~~718.6749 0.00 ~~264~~406,~~385~~757.6351 0.00 0.00 M-5 17,500,000.00 1614,~~598~~643,~~798~~910.8685 0.00 ~~289~~444,~~171~~891.7903 0.00 0.00 M-6 10,000,000.00 98,~~485~~367,~~027~~949.9206 0.00 ~~165~~254,~~241~~223.0245 0.00 0.00 B 12,500,000.00 1110,~~856~~459,~~284~~936.9032 0.00 ~~206~~317,~~551~~779.2831 0.00 0.00 CERTS 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 ~~948~~836,~~502~~794,~~791~~905.8191 0.00 1625,~~524~~422,~~102~~344.1066 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 A-1 914,~~369~~414,~~165~~469.8943 ~~528~~460,~~431~~048,~~917~~242.0723 0.~~93197869~~811373 914,~~369~~414,~~165~~469.8943 A-2 1,~~041~~601,~~018~~607.4371 5851,~~714~~116,~~657~~471.4536 0.~~93197869~~811373 1,~~041~~601,~~018~~607.4371 A-IO 0.00 0.00 0.~~00000000~~000000 0.00 A-3 23,~~478~~813,~~615~~351.3270 ~~139~~121,~~796~~705,~~803~~884.4619 0.~~93197869~~811373 23,~~478~~813,~~615~~351.3270 M-1 12,~~569~~415,~~789~~122.7074 8877,~~537~~080,~~975~~393.5232 0.~~93197869~~811373 12,~~569~~415,~~789~~122.7074 M-2 ~~743~~1,~~584~~144,005.5951 4136,~~939~~511,~~041~~765.0426 0.~~93197869~~811373 ~~743~~1,~~584~~144,005.5951 M-3 ~~396~~610,~~578~~136.4527 2219,~~367~~472,~~488~~941.5547 0.~~93197869~~811373 ~~396~~610,~~578~~136.4527 M-4 ~~264~~406,~~385~~757.6351 1412,~~911~~981,~~659~~960.0498 0.~~93197869~~811373 ~~264~~406,~~385~~757.6351 M-5 ~~289~~444,~~171~~891.7903 1614,~~309~~199,~~627~~019.0782 0.~~93197869~~811373 ~~289~~444,~~171~~891.7903 M-6 ~~165~~254,~~241~~223.0245 98,~~319~~113,~~786~~725.9061 0.~~93197869~~811373 ~~165~~254,~~241~~223.0245 B ~~206~~317,~~551~~779.2831 1110,~~649~~142,~~733~~157.6202 0.~~93197869~~811373 ~~206~~317,~~551~~779.2831 CERTS 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1625,~~524~~422,~~102~~344.1066 ~~931~~811,~~978~~372,~~689~~561.7226 0.~~93197869~~811373 1625,~~524~~422,~~102~~344.1066

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1 567,000,000.00 ~~948~~836.~~50279182~~794906 0.~~00000000~~000000 1625.~~52410210~~422345 0.~~00000000~~000000 A-2 63,000,000.00 ~~948~~836.~~50279175~~794906 0.~~00000000~~000000 1625.~~52410206~~422345 0.~~00000000~~000000 A-IO 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-3 150,000,000.00 ~~948~~836.~~50279180~~794906 0.~~00000000~~000000 1625.~~52410213~~422345 0.~~00000000~~000000 M-1 95,000,000.00 ~~948~~836.~~50279179~~794906 0.~~00000000~~000000 1625.~~52410211~~422345 0.~~00000000~~000000 M-2 45,000,000.00 ~~948~~836.~~50279178~~794906 0.~~00000000~~000000 1625.~~52410200~~422345 0.~~00000000~~000000 M-3 24,000,000.00 ~~948~~836.~~50279167~~794906 0.~~00000000~~000000 1625.~~52410208~~422345 0.~~00000000~~000000 M-4 16,000,000.00 ~~948~~836.~~50279187~~794906 0.~~00000000~~000000 1625.~~52410187~~422344 0.~~00000000~~000000 M-5 17,500,000.00 ~~948~~836.~~50279200~~794906 0.~~00000000~~000000 1625.~~52410229~~422345 0.~~00000000~~000000 M-6 10,000,000.00 ~~948~~836.~~50279200~~794906 0.~~00000000~~000000 1625.~~52410200~~422345 0.~~00000000~~000000 B 12,500,000.00 ~~948~~836.~~50279200~~794906 0.~~00000000~~000000 1625.~~52410240~~422345 0.~~00000000~~000000 CERTS 0.00 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 A-1 0.~~00000000~~000000 1625.~~52410210~~422345 ~~931~~811.~~97868972~~372561 0.~~93197869~~811373 1625.~~52410210~~422345 A-2 0.~~00000000~~000000 1625.~~52410206~~422345 ~~931~~811.~~97868968~~372561 0.~~93197869~~811373 1625.~~52410206~~422345 A-IO 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-3 0.~~00000000~~000000 1625.~~52410213~~422345 ~~931~~811.~~97868973~~372561 0.~~93197869~~811373 1625.~~52410213~~422345 M-1 0.~~00000000~~000000 1625.~~52410211~~422345 ~~931~~811.~~97868968~~372561 0.~~93197869~~811373 1625.~~52410211~~422345 M-2 0.~~00000000~~000000 1625.~~52410200~~422345 ~~931~~811.~~97868978~~372561 0.~~93197869~~811373 1625.~~52410200~~422345 M-3 0.~~00000000~~000000 1625.~~52410208~~422345 ~~931~~811.~~97868958~~372561 0.~~93197869~~811373 1625.~~52410208~~422345 M-4 0.~~00000000~~000000 1625.~~52410187~~422344 ~~931~~811.~~97869000~~372561 0.~~93197869~~811373 1625.~~52410187~~422344 M-5 0.~~00000000~~000000 1625.~~52410229~~422345 ~~931~~811.~~97868971~~372561 0.~~93197869~~811373 1625.~~52410229~~422345 M-6 0.~~00000000~~000000 1625.~~52410200~~422345 ~~931~~811.~~97869000~~372561 0.~~93197869~~811373 1625.~~52410200~~422345 B 0.~~00000000~~000000 1625.~~52410240~~422345 ~~931~~811.~~97868960~~372562 0.~~93197869~~811373 1625.~~52410240~~422345 CERTS 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~~denomination. ~~Please Refer to the Prospectus Supplement for a Full Description.~~

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~~ A-1 ~~567,000,000.00~~11/25/05 3- 12/26/05 32 4.~~70000~~43375% ~~537~~474,~~801~~462,~~082~~711.9666 1,~~713~~869,~~494~~910.0126 0.00 ~~0.00~~ A-2 ~~63,000,000.00~~11/25/05 3- 12/26/05 32 4.~~76000~~49375% 5952,~~755~~718,~~675~~079.8807 ~~193~~210,~~475~~579.6044 0.00 ~~0.00~~ A-IO 11/01/05 - 11/30/05 30 0.~~00 1.45000~~85000% ~~723~~509,~~868~~598,~~448~~034.00 ~~874~~360,~~674~~965.3727 0.00 ~~0.00~~ A-3 ~~150,000,000.00~~11/25/05 3- 12/26/05 32 4.~~64000~~37375% ~~142~~125,~~275~~519,~~418~~235.7789 ~~445~~487,~~954~~990.4090 0.00 ~~0.00~~ M-1 ~~95,000,000.00~~11/25/05 3- 12/26/05 32 4.~~88000~~61375% 9079,~~107~~495,~~765~~516.2206 ~~301~~326,~~060~~019.0694 0.00 ~~0.00~~ M-2 ~~45,000,000.00~~11/25/05 3- 12/26/05 32 4.~~91000~~64375% 4237,~~682~~655,~~625~~770.6377 ~~143~~155,~~710~~434.0365 0.00 ~~0.00~~ M-3 ~~24,000,000.00~~11/25/05 3- 12/26/05 32 4.~~96000~~69375% 2220,~~764~~083,~~067~~077.0074 7783,~~625~~791.4706 0.00 ~~0.00~~ M-4 ~~16,000,000.00~~11/25/05 - 12/26/05 32 4.~~11000~~84375% 1513,~~176~~388,~~044~~718.6749 5357,~~710~~645.5587 0.00 ~~0.00~~ M-5 ~~17,500,000.00~~11/25/05 - 12/26/05 32 4.~~16000~~89375% 1614,~~598~~643,~~798~~910.8685 5963,~~460~~701.5901 0.00 ~~0.00~~ M-6 ~~10,000,000.00~~11/25/05 - 12/26/05 32 4.~~21000~~94375% 98,~~485~~367,~~027~~949.9206 3436,~~385~~772.8649 0.00 ~~0.00~~ B 11/25/05 - 12~~,500,000.00~~/26/05 432 5.~~81000~~54375% 1110,~~856~~459,~~284~~936.9032 4951,~~108~~544.0724 0.00 ~~0.00~~ CERTS ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~1,000,000,000.00~~ 3,~~946~~704,~~659~~355.0113 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 A-1 0.00 0.00 1,~~713~~869,~~494~~910.0126 0.00 ~~528~~460,~~431~~048,~~917~~242.0723 A-2 0.00 0.00 ~~193~~210,~~475~~579.6044 0.00 5851,~~714~~116,~~657~~471.4536 A-IO 0.00 0.00 ~~874~~360,~~674~~965.3727 0.00 ~~663~~466,~~059~~786,~~493~~407.00 A-3 0.00 0.00 ~~445~~487,~~954~~990.4090 0.00 ~~139~~121,~~796~~705,~~803~~884.4619 M-1 0.00 0.00 ~~301~~326,~~060~~019.0694 0.00 8877,~~537~~080,~~975~~393.5232 M-2 0.00 0.00 ~~143~~155,~~710~~434.0365 0.00 4136,~~939~~511,~~041~~765.0426 M-3 0.00 0.00 7783,~~625~~791.4706 0.00 2219,~~367~~472,~~488~~941.5547 M-4 0.00 0.00 5357,~~710~~645.5587 0.00 1412,~~911~~981,~~659~~960.0498 M-5 0.00 0.00 5963,~~460~~701.5901 0.00 1614,~~309~~199,~~627~~019.0782 M-6 0.00 0.00 3436,~~385~~772.8649 0.00 98,~~319~~113,~~786~~725.9061 B 0.00 0.00 4951,~~108~~544.0724 0.00 1110,~~649~~142,~~733~~157.6202 CERTS 0.00 0.00 ~~517~~180,~~341~~806.0946 0.00 0.00 Totals 0.00 0.00 43,~~464~~885,~~000~~161.1059 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~~ A-1 11/25/05 - 12/26/05 567,000,000.00 34.~~70000~~43375% ~~948~~836.~~50279182~~794906 3.~~02203529~~297902 0.~~00000000~~000000 ~~0.00000000~~ A-2 11/25/05 - 12/26/05 63,000,000.00 34.~~76000~~49375% ~~948~~836.~~50279175~~794906 3.~~07104127~~342531 0.~~00000000~~000000 ~~0.00000000~~ A-IO 11/01/05 - 11/30/05 0.00 10.~~45000~~85000% ~~723~~509.~~86844800~~598034 0.~~87467437~~360965 0.~~00000000~~000000 ~~0.00000000~~ A-3 11/25/05 - 12/26/05 150,000,000.00 34.~~64000~~37375% ~~948~~836.~~50279180~~794906 23.~~97302933~~253273 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 95,000,000.00 34.~~88000~~61375% ~~948~~836.~~50279179~~794906 3.~~16905326~~431789 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 45,000,000.00 34.~~91000~~64375% ~~948~~836.~~50279178~~794906 3.~~19355622~~454103 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 24,000,000.00 34.~~96000~~69375% ~~948~~836.~~50279167~~794906 3.~~23439458~~491294 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/25/05 - 12/26/05 16,000,000.00 4.~~11000~~84375% ~~948~~836.~~50279187~~794906 3.~~35690938~~602867 0.~~00000000~~000000 ~~0.00000000~~ M-5 11/25/05 - 12/26/05 17,500,000.00 4.~~16000~~89375% ~~948~~836.~~50279200~~794906 3.~~39774800~~640058 0.~~00000000~~000000 ~~0.00000000~~ M-6 11/25/05 - 12/26/05 10,000,000.00 4.~~21000~~94375% ~~948~~836.~~50279200~~794906 3.~~43858600~~677249 0.~~00000000~~000000 ~~0.00000000~~ B 11/25/05 - 12/26/05 12,500,000.00 45.~~81000~~54375% ~~948~~836.~~50279200~~794906 34.~~92864560~~123539 0.~~00000000~~000000 ~~0.00000000~~ CERTS N/A 0.00 0.00000% 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 A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~02203529~~297902 0.~~00000000~~000000 ~~931~~811.~~97868972~~372561 A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~07104127~~342531 0.~~00000000~~000000 ~~931~~811.~~97868968~~372561 A-IO 0.~~00000000~~000000 0.~~00000000~~000000 0.~~87467437~~360965 0.~~00000000~~000000 ~~663~~466.~~05949300~~786407 A-3 0.~~00000000~~000000 0.~~00000000~~000000 23.~~97302933~~253273 0.~~00000000~~000000 ~~931~~811.~~97868973~~372561 M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~16905326~~431789 0.~~00000000~~000000 ~~931~~811.~~97868968~~372561 M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~19355622~~454103 0.~~00000000~~000000 ~~931~~811.~~97868978~~372561 M-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~23439458~~491294 0.~~00000000~~000000 ~~931~~811.~~97868958~~372561 M-4 0.~~00000000~~000000 0.~~00000000~~000000 3.~~35690938~~602867 0.~~00000000~~000000 ~~931~~811.~~97869000~~372561 M-5 0.~~00000000~~000000 0.~~00000000~~000000 3.~~39774800~~640058 0.~~00000000~~000000 ~~931~~811.~~97868971~~372561 M-6 0.~~00000000~~000000 0.~~00000000~~000000 3.~~43858600~~677249 0.~~00000000~~000000 ~~931~~811.~~97869000~~372561 B 0.~~00000000~~000000 0.~~00000000~~000000 34.~~92864560~~123539 0.~~00000000~~000000 ~~931~~811.~~97868960~~372562 CERTS 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 2129,~~139~~364,~~901~~144.4492 ~~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(814.0073) Prepayment Penalties ~~193~~246,~~342~~598.2747 Swap/Cap Payments 0.00 Total Deposits 2129,~~333~~609,~~243~~928.7166 Withdrawals ~~Reimbursement~~Swap ~~for~~Payments ~~Servicer~~0.00 ~~Advances~~Reserve Funds and Credit Enhancements 0.00 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 345~~302,~~141~~422.5141 Payment of Interest and Principal 2029,~~988~~307,~~102~~506.2025 Total Withdrawals (Pool Distribution Amount) 2129,~~333~~609,~~243~~928.7166 Ending Balance 0.00 Please see Additional Reporting Page for information related to SWAP and CAP payments.

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~285~~251,~~515~~867.5300 FGIC Fee 74,~~113~~861.7762 Indenture Trustee's Fee - Wells Fargo Bank N.A. ~~948~~838.5090 Master Servicing Fee 2320,~~712~~972.5755 Owner Trustee's Fee - Wilmington Trust Company 1,~~343~~188.7145 Radian PMI Insurer Policy 2622,~~507~~693.4389 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~345~~302,~~141~~422.5141 *Servicer Payees include: IMPAC FUNDING CORPORATION

OTHER ACCOUNTS ~~Beginning~~Account ~~Current~~Name ~~Current~~Funds ~~Ending~~In ~~Account~~(A) ~~Type~~Funds ~~Balance~~Out(B) ~~Withdrawals~~Net ~~Deposits~~Amount(A ~~Balance~~- B) Financial Guaranty 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~~6.120699% NoWeighted ofAverage ~~Loans~~Net NoCoupon of5.760418% ~~Loans~~Weighted NoAverage ~~of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0~~Pass-29Through ~~Days~~Rate 5 ~~0 0 5 121,210~~.62697041% ~~0.00~~Weighted ~~0.00~~Average ~~121,210.62~~Remaining 30Term ~~Days~~349 38Beginning 0Scheduled 0Collateral 0Loan 38Count 53,~~610,836.54~~731 ~~0.00~~Number ~~0.00~~Of ~~0.00~~Loans ~~5,610,836.54~~Paid 60In ~~Days~~Full 26106 0Ending 0Scheduled 0Collateral 26Loan ~~4,393,231.03~~Count ~~0.00 0.00 0.00 4~~3,~~393,231.03~~625 90Beginning ~~Days~~Scheduled 8Collateral 0Balance ~~0 0 8 1~~838,~~202~~901,~~521~~867.5278 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 1Balance 814,~~202~~004,~~521~~699.5296 ~~120~~Ending ~~Days~~Actual 1Collateral 0Balance 0at 030-Nov-2005 ~~1 316~~814,~~000.00 0.00 0.00 0.00 316~~004,~~000~~699.0096 ~~150~~Monthly ~~Days~~P&I 3Constant ~~0 0 0 3 315~~4,~~907.67 0.00 0.00 0.00 315~~499,~~907~~633.6782 ~~180+~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived Amount 0.00 ~~Totals~~Prepayment 76Penalty 5Waived 0Count 0 81Prepayment ~~11,838,496.76~~Penalty ~~121,210.62~~Paid ~~0.00~~Amount ~~0.00 11~~246,~~959,707~~598.3847 NoPrepayment ofPenalty ~~Loans~~Paid NoCount ofNot ~~Loans~~Available NoRealized ofLoss ~~Loans~~Amount ~~No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0~~814.~~121921%~~73 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.121921%~~Loss 0814.~~013006%~~73 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 0220,745.~~013006%~~59 30Unscheduled ~~Days~~Principal 024,676,422.926603% 0.000000% 0.000000% 0.000000% 0.926603% 0.602035% 0.000000% 0.000000% 0.000000% 0.602035% 60 Days 0.633992% 0.000000% 0.000000% 0.000000% 0.633992% 0.471387% 0.000000% 0.000000% 0.000000% 0.471387% 90 Days 0.195074% 0.000000% 0.000000% 0.000000% 0.195074% 0.129029% 0.000000% 0.000000% 0.000000% 0.129029% 120 Days 0.024384% 0.000000% 0.000000% 0.000000% 0.024384% 0.033906% 0.000000% 0.000000% 0.000000% 0.033906% 150 Days 0.073153% 0.000000% 0.000000% 0.000000% 0.073153% 0.033896% 0.000000% 0.000000% 0.000000% 0.033896% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.853207% 0.121921% 0.000000% 0.000000% 1.975128% 1.270254% 0.013006% 0.000000% 0.000000% 1.283260%23

~~DELINQUENT~~Adjustment ~~BANKRUPTCY~~due ~~FORECLOSURE~~to ~~REO~~Overpayment ~~Total 1(A) No~~ of ~~Loans~~Insurance NoPremium ~~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 5 0 0 0 5~~ 1,~~092,526~~224.04 0.00 0.00 0.00 1,092,526.04 60 Days 3 0 0 0 3 453,131.75 0.00 0.00 0.00 453,131.75 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 8 0 0 0 8 1,545,657.79 0.00 0.00 0.00 1,545,657.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.740741% 0.000000% 0.000000% 0.000000% 0.740741% 0.841179% 0.000000% 0.000000% 0.000000% 0.841179% 60 Days 0.444444% 0.000000% 0.000000% 0.000000% 0.444444% 0.348884% 0.000000% 0.000000% 0.000000% 0.348884% 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 1.185185% 0.000000% 0.000000% 0.000000% 1.185185% 1.190064% 0.000000% 0.000000% 0.000000% 1.190064% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 20 0 0 0 20 3,839,164.29 0.00 0.00 0.00 3,839,164.29 60 Days 16 0 0 0 16 3,365,077.94 0.00 0.00 0.00 3,365,077.94 90 Days 5 0 0 0 5 1,009,417.78 0.00 0.00 0.00 1,009,417.78 120 Days 1 0 0 0 1 316,000.00 0.00 0.00 0.00 316,000.00 150 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 42 0 0 0 42 8,529,660.01 0.00 0.00 0.00 8,529,660.01 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.607165% 0.000000% 0.000000% 0.000000% 0.607165% 0.483932% 0.000000% 0.000000% 0.000000% 0.483932% 60 Days 0.485732% 0.000000% 0.000000% 0.000000% 0.485732% 0.424172% 0.000000% 0.000000% 0.000000% 0.424172% 90 Days 0.151791% 0.000000% 0.000000% 0.000000% 0.151791% 0.127238% 0.000000% 0.000000% 0.000000% 0.127238% 120 Days 0.030358% 0.000000% 0.000000% 0.000000% 0.030358% 0.039832% 0.000000% 0.000000% 0.000000% 0.039832% 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 1.275046% 0.000000% 0.000000% 0.000000% 1.275046% 1.075175% 0.000000% 0.000000% 0.000000% 1.075175% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(C) 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 5 0 0 5 121,210.62 0.00 0.00 121,210.62 30 Days 13 0 0 0 13 679,146.21 0.00 0.00 0.00 679,146.21 60 Days 7 0 0 0 7 575,021.34 0.00 0.00 0.00 575,021.34 90 Days 3 0 0 0 3 193,103.74 0.00 0.00 0.00 193,103.74 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 3 0 0 0 3 315,907.67 0.00 0.00 0.00 315,907.67 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 26 5 0 0 31 1,763,178.96 121,210.62 0.00 0.00 1,884,389.58 0-29 Days 3.787879% 0.000000% 0.000000% 3.787879% 1.382017% 0.000000% 0.000000% 1.382017% 30 Days 9.848485% 0.000000% 0.000000% 0.000000% 9.848485% 7.743478% 0.000000% 0.000000% 0.000000% 7.743478% 60 Days 5.303030% 0.000000% 0.000000% 0.000000% 5.303030% 6.556269% 0.000000% 0.000000% 0.000000% 6.556269% 90 Days 2.272727% 0.000000% 0.000000% 0.000000% 2.272727% 2.201727% 0.000000% 0.000000% 0.000000% 2.201727% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 2.272727% 0.000000% 0.000000% 0.000000% 2.272727% 3.601911% 0.000000% 0.000000% 0.000000% 3.601911% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 19.696970% 3.787879% 0.000000% 0.000000% 23.484848% 20.103386% 1.382017% 0.000000% 0.000000% 21.485403%

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group 1(A) ~~Insufficient~~1(B) ~~Funds~~1(C) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.871817 5.934677 11.900351 Weighted Average Net Rate 6.621817 5.559677 11.150352 Weighted Average Remaining Term 346 351 178 Beginning Loan Count 628 2,989 114 Loans Paid In Full 13 88 5 Ending Loan Count 615 2,901 109 Beginning Scheduled Balance 120,480,220.02 711,189,047.90 7,232,599.86 Ending Scheduled Balance 117,838,601.84 689,386,172.96 6,779,925.16 Record Date 11/30/2005 11/30/2005 11/30/2005 Principal And Interest Constant 786,293.76 3,634,164.82 79,175.24 Scheduled Principal 96,362.07 116,933.68 7,449.84 Unscheduled Principal 2,545,256.11 21,685,941.26 445,224.86 Scheduled Interest 689,931.69 3,517,231.14 71,725.40 Servicing Fee 25,100.05 222,246.58 4,520.37 Master Servicing Fee 0.00 ~~Principal~~0.00 ~~Balance~~0.00 Trustee Fee 120.48 711.19 7.23 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 8,575.21 36,088.62 191.06 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 656,135.95 3,258,184.75 67,006.74 Realized Loss Amount 0.00 814.73 0.00 Cumulative Realized Loss 0.00 814.73 0.00 Percentage of ~~Contaminated~~Cumulative ~~Properties~~Losses 0.0000 0.0001 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 246598.47 0.00 0.00 Prepayment Penalty Paid Count Not Available 0 0 Special Servicing Fee 0.00 0.00 0.00

~~Summary~~Group 12Level ~~Month~~Collateral ~~REO~~Statement History*Group ~~New~~Total ~~REO~~Collateral ~~Loans~~Description ~~Month~~Mixed ~~REO~~Fixed ~~Percentage~~& ~~Loans~~Arm inWeighted ~~REO~~Average 0Coupon ~~Sep-04~~Rate 06.~~000%~~120699 ~~Original~~Weighted ~~Principal~~Average ~~Balance~~Net ~~0.00~~Rate ~~Oct-04 0~~5.~~000%~~760418 ~~Current~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~0.00~~Term ~~Nov-04~~349 ~~0.000%~~Beginning ~~Dec-04~~Loan ~~0.000%~~Count ~~Current~~3,731 ~~REO~~Loans ~~Total~~Paid ~~Jan-05~~In ~~0.000%~~Full ~~Loans~~106 inEnding ~~REO~~Loan 0Count ~~Feb-05~~3,625 ~~0.000%~~Beginning ~~Original~~Scheduled ~~Principal~~ Balance 0838,901,867.0078 ~~Mar-05~~Ending ~~0.000%~~scheduled ~~Current Principal~~ Balance 0814,004,699.0096 ~~Apr-05~~Record ~~0.000%~~Date ~~May-05~~11/30/2005 ~~0.000%~~Principal ~~Jun-05~~And ~~0.000%~~Interest ~~Jul-05~~Constant 04,499,633.~~000%~~82 ~~Aug-05~~Scheduled ~~0.000%~~Principal *The text reported in the above table is presented graphically on the monthly bond remittance report220,745.59 ~~The~~Unscheduled ~~monthly~~Principal ~~bond remittance report can be viewed online at www~~24,676,422.~~ctslink.com.~~23 ~~1(A)~~Scheduled 12Interest ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0~~4,278,888.~~000%~~23 ~~Original~~Servicing ~~Principal~~Fee ~~Balance 0~~251,867.00 ~~Oct-04~~Master ~~0.000%~~Servicing ~~Current~~Fee ~~Principal Balance~~ 0.00 ~~Nov-04~~Trustee ~~0.000%~~Fee ~~Dec-04 0~~838.~~000%~~90 ~~Current~~FRY ~~REO~~Amount ~~Total Jan-05~~ 0.~~000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05~~Special ~~0.000%~~Hazard ~~Current~~Fee ~~Principal Balance~~ 0.00 ~~Apr-05~~Other ~~0.000%~~Fee ~~May-05 0~~44,854.~~000%~~89 ~~Jun-05~~Pool ~~0.000%~~Insurance ~~Jul-05~~Fee 0.~~000%~~00 ~~Aug-05~~Spread ~~0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.~~ 1~~(B)~~ ~~12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0 ~~Sep-04 0~~.~~000% Original Principal Balance 0.~~00 ~~Oct-04~~Spread ~~0.000%~~2 ~~Current Principal Balance~~ 0.00 ~~Nov-04~~Spread ~~0.000%~~3 ~~Dec-04~~ 0.~~000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05~~Net ~~0.000%~~Interest ~~Current Principal Balance 0~~3,981,327.0044 ~~Apr-05~~Realized ~~0.000%~~Loss ~~May-05~~Amount 0814.~~000%~~73 ~~Jun-05~~Cumulative ~~0.000%~~Realized ~~Jul-05~~Loss 0814.~~000%~~73 Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1(C) 12 Month REO History* New REO Loans Month REO Percentage ~~Loans~~of inCumulative ~~REO~~Losses 0 ~~Sep-04 0~~.~~000%~~0001 ~~Original~~Prepayment ~~Principal~~Penalty ~~Balance~~Waived ~~0.00~~Amount ~~Oct-04~~ 0.~~000% Current Principal Balance 0.~~00 ~~Nov-04~~Prepayment ~~0.000%~~Penalty ~~Dec-04~~Waived ~~0.000%~~Count ~~Current REO Total Jan-05~~ 0~~.000%~~ ~~Loans~~Prepayment inPenalty ~~REO~~Paid 0Amount ~~Feb-05 0~~246598.~~000%~~47 ~~Original~~Prepayment ~~Principal~~Penalty ~~Balance~~Paid ~~0.00~~Count ~~Mar-05~~Not ~~0.000%~~Available ~~Current~~Special ~~Principal~~Servicing ~~Balance~~Fee 0.00 ~~Apr~~Pass-05Through ~~0.000%~~Rate ~~May-05 0~~5.000% Jun-05 0.000% Jul-05 0.000% Aug-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.697041

~~REO~~Additional ~~Loan~~Reporting ~~Detail~~ - ~~All~~Deal ~~Mortgage~~Level ~~Loans~~Miscellaneous inReporting ~~REO~~Beginning ~~during~~Overcollateralization ~~Current~~Amount ~~Period~~2,106,147.12 ~~Month~~Swap ~~Loan~~Payment ~~First~~IN ~~Original~~198,133.50 ~~Loan~~Swap ~~Entered~~ Payment ~~LTV~~OUT at9,928.27 ~~Principal~~Overcollateralization ~~Group~~Amount ~~Number~~2,632,138.70 ~~REO~~Overcollateralization ~~Date~~Deficiency ~~State~~Amount ~~Origination~~1,393,852.88 ~~Balance~~Overcollateralization NoReduction ~~REO~~Amount ~~loans~~0.00 ~~this~~Overcollateralization ~~period~~Release Amount 0.00 Overcollateralization Increase Amount 525,176.85 Specified Overcollateralization Amount 3,500,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO ~~Loan~~TOTAL ~~Detail~~No -of ~~All~~Loans ~~Mortgage~~No of Loans inNo ~~REO~~of ~~during~~Loans ~~Current~~No ~~Period~~of ~~(continued)~~Loans ~~Current~~No ~~Paid~~of ~~Current~~Loans ~~Approximate~~Principal ~~Loan~~Balance Principal ToBalance ~~Months~~Principal ~~Loan~~Balance ~~Delinquent~~Principal ~~Group~~Balance ~~Number~~Principal Balance ~~Date~~0-29 ~~Delinquent~~Days ~~Rate~~9 ~~Interest~~0 0 9 724,230.33 0.00 0.00 724,230.33 30 Days 41 1 0 0 42 8,126,768.94 147,824.46 0.00 0.00 8,274,593.40 60 Days 20 1 7 0 28 4,628,294.23 94,500.00 1,042,057.84 0.00 5,764,852.07 90 Days 6 1 4 0 11 1,024,760.99 173,840.00 951,950.84 0.00 2,150,551.83 120 Days 2 1 3 0 6 416,236.60 63,162.01 646,500.00 0.00 1,125,898.61 150 Days 1 0 2 3 6 206,503.85 0.00 262,469.46 467,829.24 936,802.55 180+ Days 4 2 5 4 15 372,569.85 367,125.67 812,400.41 683,837.64 2,235,933.57 Totals 74 15 21 7 117 14,775,134.46 1,570,682.47 3,715,378.55 1,151,666.88 21,212,862.36 No ~~REO~~of ~~loans~~Loans ~~this~~No ~~period~~of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.248276% 0.000000% 0.000000% 0.248276% 0.088971% 0.000000% 0.000000% 0.088971% 30 Days 1.131034% 0.027586% 0.000000% 0.000000% 1.158621% 0.998369% 0.018160% 0.000000% 0.000000% 1.016529% 60 Days 0.551724% 0.027586% 0.193103% 0.000000% 0.772414% 0.568583% 0.011609% 0.128016% 0.000000% 0.708209% 90 Days 0.165517% 0.027586% 0.110345% 0.000000% 0.303448% 0.125891% 0.021356% 0.116947% 0.000000% 0.264194% 120 Days 0.055172% 0.027586% 0.082759% 0.000000% 0.165517% 0.051134% 0.007759% 0.079422% 0.000000% 0.138316% 150 Days 0.027586% 0.000000% 0.055172% 0.082759% 0.165517% 0.025369% 0.000000% 0.032244% 0.057473% 0.115086% 180+ Days 0.110345% 0.055172% 0.137931% 0.110345% 0.413793% 0.045770% 0.045101% 0.099803% 0.084009% 0.274683% Totals 2.041379% 0.413793% 0.579310% 0.193103% 3.227586% 1.815117% 0.192957% 0.456432% 0.141482% 2.605988%

~~Summary~~OTHER 12INFORMATION ~~Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000%~~ Current ~~Principal~~Period ~~Balance~~Class 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.002% May-05 0.002% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1(A) 12Insufficient ~~Month~~Funds ~~Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure~~ 0 ~~Sep-04 0~~.~~000% Original Principal Balance 0.~~00 ~~Oct-04 0.000% Current~~ Principal Balance ~~0.00~~of ~~Nov-04~~Contaminated ~~0.000%~~Properties ~~Dec-04~~ 0.~~000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05~~Periodic ~~0.000%~~Advance ~~Current Principal Balance 0~~327,161.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1(B) 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1(C) 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.175% May-05 0.181% Jun-05 0.000% Jul-05 0.000% Aug-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.85

~~Foreclosure~~Delinquency ~~Loan~~Status ~~Detail~~By Group DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 1(A) 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~~1 0 0 1 75,839.77 0.00 0.00 75,839.77 30 Days 9 1 0 0 10 1,380,240.89 147,824.46 0.00 0.00 1,528,065.35 60 Days 6 0 0 0 6 1,162,163.29 0.00 0.00 0.00 1,162,163.29 90 Days 3 0 1 0 4 298,235.41 0.00 185,490.01 0.00 483,725.42 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 1 1 0.00 0.00 0.00 223,850.63 223,850.63 180+ Days 0 0 2 1 3 0.00 0.00 285,198.18 166,900.00 452,098.18 Totals 18 2 3 2 25 2,840,639.59 223,664.23 470,688.19 390,750.63 3,925,742.64 0-29 Days 0.162602% 0.000000% 0.000000% 0.162602% 0.064359% 0.000000% 0.000000% 0.064359% 30 Days 1.463415% 0.162602% 0.000000% 0.000000% 1.626016% 1.171298% 0.125447% 0.000000% 0.000000% 1.296744% 60 Days 0.975610% 0.000000% 0.000000% 0.000000% 0.975610% 0.986233% 0.000000% 0.000000% 0.000000% 0.986233% 90 Days 0.487805% 0.000000% 0.162602% 0.000000% 0.650407% 0.253088% 0.000000% 0.157410% 0.000000% 0.410498% 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% 0.162602% 0.162602% 0.000000% 0.000000% 0.000000% 0.189964% 0.189964% 180+ Days 0.000000% 0.000000% 0.325203% 0.162602% 0.487805% 0.000000% 0.000000% 0.242024% 0.141634% 0.383659% Totals 2.926829% 0.325203% 0.487805% 0.325203% 4.065041% 2.410619% 0.189806% 0.399435% 0.331598% 3.331457% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 1(B) No of Loans inNo ~~Foreclosure~~of ~~during~~Loans ~~Current~~No ~~Period~~of ~~Month~~Loans ~~Loan~~No ~~First~~of ~~Original~~Loans ~~Loan~~No ~~Entered~~of ~~Payment~~Loans ~~LTV~~Principal atBalance Principal ~~Group~~Balance ~~Number~~Principal FCBalance ~~Date~~Principal ~~State~~Balance ~~Origination~~Principal Balance 0-29 Days 4 0 0 4 564,406.65 0.00 0.00 564,406.65 30 Days 29 0 0 0 29 6,673,816.71 0.00 0.00 0.00 6,673,816.71 60 Days 10 1 7 0 18 3,294,112.81 94,500.00 1,042,057.84 0.00 4,430,670.65 90 Days 3 1 3 0 7 726,525.58 173,840.00 766,460.83 0.00 1,666,826.41 120 Days 1 0 3 0 4 202,400.00 0.00 646,500.00 0.00 848,900.00 150 Days 0 0 2 2 4 0.00 0.00 262,469.46 243,978.61 506,448.07 180+ Days 0 2 3 3 8 0.00 367,125.67 527,202.23 516,937.64 1,411,265.54 Totals 43 8 18 5 74 10,896,855.10 1,199,872.32 3,244,690.36 760,916.25 16,102,334.03 0-29 Days 0.137883% 0.000000% 0.000000% 0.137883% 0.081871% 0.000000% 0.000000% 0.081871% 30 Days 0.999655% 0.000000% 0.000000% 0.000000% 0.999655% 0.968081% 0.000000% 0.000000% 0.000000% 0.968081% 60 Days 0.344709% 0.034471% 0.241296% 0.000000% 0.620476% 0.477833% 0.013708% 0.151157% 0.000000% 0.642698% 90 Days 0.103413% 0.034471% 0.103413% 0.000000% 0.241296% 0.105387% 0.025217% 0.111180% 0.000000% 0.241784% 120 Days 0.034471% 0.000000% 0.103413% 0.000000% 0.137883% 0.029359% 0.000000% 0.093779% 0.000000% 0.123139% 150 Days 0.000000% 0.000000% 0.068942% 0.068942% 0.137883% 0.000000% 0.000000% 0.038073% 0.035391% 0.073464% 180+ Days 0.000000% 0.068942% 0.103413% 0.103413% 0.275767% 0.000000% 0.053254% 0.076474% 0.074985% 0.204713% Totals 1.482248% 0.275767% 0.620476% 0.172354% 2.550845% 1.580661% 0.174049% 0.470664% 0.110376% 2.335749% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 1(C) No ~~Foreclosure~~of ~~loans~~Loans ~~this~~No ~~period~~of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 4 0 0 4 83,983.91 0.00 0.00 83,983.91 30 Days 3 0 0 0 3 72,711.34 0.00 0.00 0.00 72,711.34 60 Days 4 0 0 0 4 172,018.13 0.00 0.00 0.00 172,018.13 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 1 1 0 0 2 213,836.60 63,162.01 0.00 0.00 276,998.61 150 Days 1 0 0 0 1 206,503.85 0.00 0.00 0.00 206,503.85 180+ Days 4 0 0 0 4 372,569.85 0.00 0.00 0.00 372,569.85 Totals 13 5 0 0 18 1,037,639.77 147,145.92 0.00 0.00 1,184,785.69 0-29 Days 3.669725% 0.000000% 0.000000% 3.669725% 1.238714% 0.000000% 0.000000% 1.238714% 30 Days 2.752294% 0.000000% 0.000000% 0.000000% 2.752294% 1.072450% 0.000000% 0.000000% 0.000000% 1.072450% 60 Days 3.669725% 0.000000% 0.000000% 0.000000% 3.669725% 2.537169% 0.000000% 0.000000% 0.000000% 2.537169% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.917431% 0.917431% 0.000000% 0.000000% 1.834862% 3.153967% 0.931603% 0.000000% 0.000000% 4.085570% 150 Days 0.917431% 0.000000% 0.000000% 0.000000% 0.917431% 3.045813% 0.000000% 0.000000% 0.000000% 3.045813% 180+ Days 3.669725% 0.000000% 0.000000% 0.000000% 3.669725% 5.495191% 0.000000% 0.000000% 0.000000% 5.495191% Totals 11.926606% 4.587156% 0.000000% 0.000000% 16.513761% 15.304590% 2.170318% 0.000000% 0.000000% 17.474908%

~~Foreclosure~~180+ ~~Loan~~Delinquency ~~Detail~~Summary -Summary ~~All~~1(A) ~~Mortgage~~Days Number of Aggregate Percentage of Number of Aggregate Percentage of Delinquent Loans inOutstanding ~~Foreclosure~~Balance(%) ~~during~~Loans ~~Current~~Oustanding ~~Period~~Balance(%) Balance(~~continued~~$) ~~Current~~Balance($) ~~Paid~~180 ~~Current~~- ~~Approximate~~209 ~~Loan~~11 ~~Principal~~1,773,502.30 To0.218 ~~Months~~3 ~~Loan~~452,098.18 ~~Delinquent~~0.384 ~~Group~~210 ~~Number~~- ~~Balance~~239 ~~Date~~1 ~~Delinquent~~147,772.28 ~~Rate~~0.018 ~~Interest~~0 No0.00 ~~Foreclosure~~0.000 ~~loans~~240 ~~this~~- ~~period~~269 2 290,115.67 0.036 0 0.00 0.000 270 - 299 1 24,543.32 0.003 0 0.00 0.000 Total 15 2,235,933.57 0.275 3 452,098.18 0.384

~~COLLATERAL~~180+ ~~STATEMENT~~Delinquency ~~Collateral~~Summary ~~Description~~(continued) ~~Mixed~~1(B) ~~Fixed~~1(C) &Days ~~Arm~~Number ~~Weighted~~of ~~Average~~Aggregate ~~Gross~~Percentage ~~Coupon~~of ~~6.083901%~~Number ~~Weighted~~of ~~Average~~Aggregate ~~Net~~Percentage ~~Coupon~~of ~~5.722680%~~Delinquent ~~Weighted~~Loans ~~Average~~Outstanding ~~Pass-Through Rate 5.656123~~Balance(%) ~~Weighted~~Loans ~~Average~~Oustanding ~~Maturity~~Balance(~~Stepdown~~%) ~~Calculation~~Balance($) ~~355~~Balance($) ~~Beginning~~180 ~~Scheduled~~- ~~Collateral~~209 ~~Loan~~7 ~~Count 4~~1,~~177~~263,493.26 ~~Number~~0.183 Of1 ~~Loans~~57,910.86 ~~Paid~~0.854 In210 ~~Full~~- 76239 ~~Ending~~1 ~~Scheduled~~147,772.28 ~~Collateral~~0.021 ~~Loan~~0 ~~Count~~0.00 ~~4,101~~0.000 ~~Beginning~~240 ~~Scheduled~~- ~~Collateral~~269 ~~Balance~~0 ~~948,502,791~~0.8100 ~~Ending~~0.000 ~~Scheduled~~2 ~~Collateral Balance 931~~290,~~978,689~~115.7167 ~~Ending~~4.279 ~~Actual~~270 ~~Collateral~~- ~~Balance~~299 at0 ~~29-Jul-2005~~0.00 ~~931~~0.000 1 24,~~978,689~~543.7132 ~~Monthly~~0.362 ~~P&I~~Total ~~Constant~~8 51,~~049~~411,~~700~~265.1554 ~~Special Servicing Fee~~ 0.00204 ~~Prepayment~~4 ~~Penalties 193~~372,~~342~~569.2785 ~~Realized~~5.495 ~~Loss~~This ~~Amount~~report ~~0.00~~includes ~~Cumulative~~all ~~Realized~~loans ~~Loss~~greater ~~0.00~~than ~~Scheduled~~180 ~~Principal~~days ~~240,869.30~~delinquent ~~Unscheduled~~regardless ~~Principal~~of 16status (REO,~~283~~ Foreclosure,~~232~~ Bankruptcy).80

REO Detail - All Mortgage Loans in REO during Current Period

~~Miscellaneous~~Summary ~~Reporting~~12 ~~Beginning~~Month ~~Overcollateralization~~REO ~~Amount~~History* New REO Loans Month REO Percentage Loans in REO 2 Jan-05 0.000% Original Principal Balance 244,900.00 ~~Net~~Feb-05 ~~Swap~~0.000% ~~Payment~~Current INPrincipal Balance 243,978.61 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 7 Jun-05 0.000% Original Principal Balance 1,158,346.00 ~~Net~~Jul-05 ~~Swap~~0.000% ~~Payment~~Current ~~OUT~~Principal ~~192~~Balance 1,~~914~~151,666.7388 ~~Overcollateralization~~Aug-05 ~~Amount~~0.000% Sep-05 0.018% Oct-05 0.019% Nov-05 0.108% Dec-05 0.141% *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(A) 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Overcollateralization~~Feb-05 ~~Deficiency~~0.000% ~~Amount~~Current Principal Balance 0.00 ~~Overcollateralization~~Mar-05 ~~Reduction~~0.000% ~~Amount~~Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 2 Jun-05 0.000% Original Principal Balance 391,900.00 ~~Overcollateralization~~Jul-05 ~~Release~~0.000% ~~Amount~~Current Principal Balance 390,750.63 Aug-05 0.000% Sep-05 0.133% Oct-05 0.135% Nov-05 0.324% Dec-05 0.332% *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(B) 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 2 Jan-05 0.000% Original Principal Balance 244,900.00 ~~Overcollateralization~~Feb-05 ~~Increase~~0.000% ~~Amount~~Current Principal Balance 243,978.61 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 5 Jun-05 0.000% Original Principal Balance 766,446.00 ~~Specified~~Jul-05 ~~Overcollateralization~~0.000% ~~Amount~~Current Principal Balance 760,916.25 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.073% Dec-05 0.110% *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(C) 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 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 REO Total May-05 0.000% Loans in REO 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.

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All ~~1(A)~~Mortgage ~~1(B)~~Loans ~~1(C)~~in ~~Collateral~~REO ~~Description~~during ~~Fixed~~Current ~~15/30~~Period &Month ~~ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.922758 5.882372 11.802884 Weighted Average Net Rate 6.672759 5.507372 11.052884 Weighted Average Maturity 354 354 354 Beginning~~ Loan ~~Count~~First ~~686~~Original ~~3,354 137 Loans Paid In Full 11 60 5 Ending~~ Loan ~~Count~~Entered ~~675~~Payment ~~3,294~~LTV ~~132~~at ~~Beginning~~Principal ~~Scheduled~~Group ~~Balance~~Number ~~131,888,946.51~~REO ~~807,503,956.21~~Date ~~9,109,889.09~~State ~~Ending~~Origination ~~Scheduled~~ Balance ~~129,880,267.62~~1(A) ~~793,327,864.79~~1103337289 ~~8,770,557.30 Record Date 07/29/~~Sep-2005 ~~07/29/~~01-Jan-2005 ~~07/29/2005~~GA ~~Principal And Interest Constant 861,089~~94.~~31 4,090,380.81~~ 98~~,230.03~~ ~~Scheduled Principal 100~~166,~~226~~900.5400 ~~132,015.20 8,627.56 Unscheduled Principal~~ 1~~,908,452.35~~(A) ~~14,044,076.22~~1103353290 ~~330,704.23~~Nov-2005 ~~Scheduled~~01-Mar-2005 ~~Interest~~MN ~~760,862~~90.7700 3225,~~958,365~~000.~~61 89,602.47 Servicing Fees 27,476.86 252,344.99 5,693.68 Master Servicing Fees 0.~~00 ~~0.00~~1(B) ~~0.00~~1103372224 ~~Trustee~~Dec-2005 ~~Fee~~17-Jan-2005 ~~131.89~~MI ~~807~~80.~~50 9.11 FRY Amount 0.~~00 094,400.00 ~~0.00~~1(B) ~~Special~~1103372698 ~~Hazard~~Nov-2005 ~~Fee~~01-Feb-2005 ~~0.00~~TX 080.00 ~~0.00 Other Fee 9~~149,~~942~~546.~~70 41,380.35 240.66 Pool Insurance Fee 0.~~00 ~~0.00 0.00 Spread~~ 1(B) ~~0.00~~1103376397 ~~0.00~~Nov-2005 ~~0.00~~01-Mar-2005 ~~Spread~~GA ~~2 0~~80.00 0224,000.00 ~~0.00~~1(B) ~~Spread~~1103376501 3Nov-2005 ~~0.00~~01-Feb-2005 ~~0.00~~TN 080.00 ~~Net Interest 723~~148,~~311~~000.~~32 3,663,832.77 83,659.02 Realized Loss Amount 0.~~00 ~~0.00~~1(B) ~~0.00~~2503099014 ~~Cumulative~~Dec-2005 ~~Realized~~01-May-2005 ~~Loss~~NC 070.00 0150,500.00 ~~0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00~~

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All ~~Total~~Mortgage ~~Collateral~~Loans ~~Description~~in ~~Mixed~~REO ~~Fixed~~during &Current ~~Arm~~Period ~~Weighted~~(continued) ~~Average~~Current ~~Coupon~~Paid ~~Rate~~Current ~~6.083901~~Approximate ~~Weighted~~Loan ~~Average~~Principal ~~Net~~To ~~Rate~~Months ~~5.722680 Weighted Average Maturity 355 Beginning~~ Loan ~~Count~~Delinquent ~~4,177~~Group ~~Loans~~Number ~~Paid~~Balance InDate ~~Full~~Delinquent 76Rate ~~Ending~~Interest ~~Loan~~1(A) ~~Count~~1103337289 4166,~~101~~900.00 ~~Beginning~~01-Apr-2005 ~~Scheduled~~6 ~~Balance~~9.625% ~~948~~7,~~502,791~~772.8100 ~~Ending~~1(A) ~~scheduled~~1103353290 ~~Balance 931~~223,~~978,689~~850.7163 ~~Record Date 07/29/~~01-May-2005 ~~Principal~~5 ~~And~~9.490% ~~Interest Constant 5~~9,~~049,700~~931.1573 ~~Scheduled~~1(B) ~~Principal~~1103372224 ~~240~~93,~~869~~478.3061 ~~Unscheduled~~17-May-2005 ~~Principal~~5 ~~16,283,232~~6.80740% ~~Scheduled Interest 4~~3,~~808,830~~467.8501 ~~Servicing~~1(B) ~~Fees~~1103372698 ~~285~~147,~~515~~772.5328 ~~Master~~01-Mar-2005 ~~Servicing~~7 ~~Fees 0~~5.00890% ~~Trustee Fee 948~~6,111.5045 ~~FRY~~1(B) ~~Amount~~1103376397 0222,412.0007 ~~Special~~01-Apr-2005 ~~Hazard~~6 ~~Fee 0~~7.00875% ~~Other Fee 51~~11,~~563~~112.7154 ~~Pool Insurance Fee 0.00 Spread~~ 1(B) ~~0.00~~1103376501 ~~Spread 2 0~~146,753.0029 ~~Spread~~01-Apr-2005 36 07.00500% ~~Net Interest 4~~6,~~470,803~~965.1195 ~~Realized~~1(B) ~~Loss~~2503099014 ~~Amount 0~~150,500.00 ~~Cumulative~~01-May-2005 ~~Realized~~5 ~~Loss 0~~6.00875% ~~Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate~~ 5,680.~~656123~~15

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Prepayment~~Summary ~~Detail~~12 -Month ~~Prepayments~~Foreclosure ~~during~~History* ~~Current~~New ~~Period~~Foreclosure ~~Summary~~Loans Month Foreclosure Percentage Loans ~~Paid~~in InForeclosure ~~Full~~9 ~~Repurchased~~Jan-05 ~~Loans~~0.000% Original ~~Current~~Principal ~~Original~~Balance 1,362,940.00 Feb-05 0.000% Current Principal ~~Principal~~Balance ~~Principal~~1,362,057.84 ~~Principal~~Mar-05 ~~Group~~0.000% ~~Count~~Apr-05 ~~Balance~~0.002% ~~Balance~~Current ~~Count~~Foreclosure Total May-05 0.002% Loans in Foreclosure 21 Jun-05 0.000% Original Principal Balance 3,726,560.00 Jul-05 0.000% Current Principal Balance 3,715,378.55 Aug-05 0.000% Sep-05 0.405% Oct-05 0.330% Nov-05 0.383% Dec-05 0.456% *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(A) 12 2Month 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 3 Jun-05 0.000% Original Principal Balance 475,~~087,548~~920.00 2Jul-05 0.000% Current Principal Balance 470,~~081,157~~688.6719 Aug-05 0.000% Sep-05 0.00179% Oct-05 0.00289% Nov-05 0.391% Dec-05 0.399% *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(B) 6012 14Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 9 Jan-05 0.000% Original Principal Balance 1,~~024~~362,~~449~~940.00 13Feb-05 0.000% Current Principal Balance 1,~~999~~362,~~042~~057.8084 Mar-05 0.000% Apr-05 0.00000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 18 Jun-05 0.000% Original Principal Balance 3,250,640.00 Jul-05 0.000% Current Principal Balance 3,244,690.36 Aug-05 0.000% Sep-05 0.446% Oct-05 0.340% Nov-05 0.385% Dec-05 0.471% *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(C) 512 ~~343,600~~Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jan-05 0.00000% ~~330,367~~Original Principal Balance 0.4400 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.00000% Apr-05 0.175% Current Foreclosure Total 77May-05 ~~16,455,597~~0.00181% ~~16,410,567.91~~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.

~~Prepayment~~Foreclosure Loan Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current~~Loans ~~Period~~in ~~(continued)~~Foreclosure ~~Summary~~during ~~Substitution~~Current ~~Loans~~Period ~~Liquidated~~Month ~~Loans~~Loan ~~Curtailments~~First Original ~~Current~~Loan ~~Original~~Entered ~~Current~~Payment ~~Principal~~LTV ~~Principal~~at Principal ~~Principal~~Group ~~Curtailment~~Number ~~Group~~FC ~~Count~~Date ~~Balance~~State Origination Balance ~~Count~~1(A) ~~Balance~~1103352536 ~~Balance~~Oct-2005 ~~Amount~~01-Feb-2005 FL 80.00 131,920.00 1(A) 01103352991 0Nov-2005 01-Oct-2004 CA 20.00 0157,000.00 01(A) 01103377260 Nov-2005 01-Apr-2005 WI 60.72 187,000.00 01(B) 1103324732 Nov-2005 01-Mar-2005 MA 70.00 381,500.00 1(~~171~~B) 1103342252 Dec-2005 01-Jan-2005 CA 80.00 304,~~365~~800.6000 1(B) 1103358284 Nov-2005 01-Feb-2005 MI 80.00 434,000.00 1(B) 01103369094 0Sep-2005 01-Apr-2005 TX 80.00 0140,000.00 01(B) 01103371693 Dec-2005 01-Feb-2005 MN 80.00 0160,000.00 491(B) 1103371827 Nov-2005 22-Jan-2005 SC 80.00 124,000.00 1(B) 1103372051 Dec-2005 01-Jan-2005 NC 80.00 82,400.00 1(B) 1103372299 Dec-2005 01-Feb-2005 CA 80.00 193,600.9700 1(CB) 01103372320 0Dec-2005 01-Feb-2005 MN 80.00 0140,000.00 01(B) 01103372410 Dec-2005 01-Feb-2005 FL 80.00 0180,000.00 ~~655~~1(B) 1103372437 Sep-2005 01-Mar-2005 WI 80.6400 ~~Total~~124,000.00 01(B) 01103372649 Nov-2005 01-Jan-2005 GA 80.00 0152,800.00 01(B) 01103372872 Dec-2005 01-Mar-2005 TN 80.00 081,440.00 1(~~121~~B) 1103373761 Nov-2005 01-May-2005 NJ 70.00 161,~~515~~000.9900 1(B) 1103374143 Oct-2005 01-Mar-2005 CO 80.00 104,000.00 1(B) 1103374459 Dec-2005 01-Mar-2005 AZ 67.82 52,700.00 1(B) 1103376084 Dec-2005 01-Apr-2005 TX 70.00 168,000.00 1(B) 1103378774 Sep-2005 01-Apr-2005 IL 80.00 266,400.00

~~Prepayment~~Foreclosure Loan Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current~~Loans ~~Period~~in ~~First~~Foreclosure ~~Original~~during ~~Loan~~Current ~~LTV~~Period ~~at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1~~(Acontinued) ~~1103307802~~Current FLPaid ~~90.00~~Current ~~01-Mar-2005~~Approximate ~~296,091.00~~Loan ~~294,684.02~~Principal ~~1(A)~~To ~~1103323864~~Months ILLoan ~~85.42~~Delinquent ~~01-Feb-2005~~Group ~~184,500.00~~Number ~~184,500.00~~Balance ~~1(A)~~Date ~~1103337935~~Delinquent FLRate ~~80.00~~Interest ~~01-Feb-2005 176,491.00 175,485.29~~ 1(A) ~~1103347379~~1103352536 ~~OR 80.00 01-Mar-2005 111~~131,~~600~~920.00 ~~111,600.00 1(A) 1103353529 FL 80.00~~ 01-~~Feb~~Apr-2005 ~~168,116.00~~6 ~~167,181~~7.14250% ~~1(A) 1103356586 NJ 77.62 01-Mar-2005 208~~6,~~000~~129.0092 ~~207,169.16~~ 1(A) ~~1103365421~~1103352991 ~~FL 70.00 01-Mar-2005 157~~153,~~500~~278.0018 ~~156,751.57 1(A) 1103379323 VA 65.00~~ 01-Apr-2005 ~~195,000~~6 8.00990% ~~194~~8,~~189~~967.8445 1(A) ~~1103379846~~1103377260 ~~MI 90.00 01-Mar-2005 81~~185,~~000~~490.~~00 80,554.62 1(A) 1103390445 FL 80.00~~ 01~~-Apr-2005~~ ~~72,000.00 71,715.74 1(A) 2503096738 CA 67.44~~ 01-~~Apr~~Jul-2005 ~~276,500.00~~3 ~~275,236~~6.57875% ~~1(A) 2503099884 FL 89.99 01-May-2005 160~~5,~~750~~110.0060 ~~160,750.00~~ 1(B) ~~1103324720~~1103324732 ~~NJ 74.08 01-Jan-2005 200~~381,~~000~~500.00 ~~198,261.18 1(B) 1103325609 NJ 71.48~~ 01-~~Jan~~Jun-2005 ~~303,750.00~~4 ~~301,457~~5.06875% ~~1(B) 1103342200 MD 80.00 01-Jan-2005 176~~10,~~000~~434.00 ~~176,000.00~~ 1(B) ~~1103347446~~1103342252 ~~FL 80~~304,800.00 01-~~Feb~~Aug-2005 ~~155,364.00~~2 ~~155,364~~4.00950% ~~1(B) 1103349907 NJ 70.00 01-Apr-2005 231~~4,~~000~~617.0072 ~~231,000.00~~ 1(B) ~~1103358052~~1103358284 ~~AZ 80.00 01-Feb-2005 140~~434,000.00 ~~139,959.95 1(B) 1103358093 IL 80.00~~ 01-~~Feb~~Jul-2005 ~~196,000.00~~3 ~~196,000~~6.00990% ~~1(B) 1103365052 OR 70.00 01-Apr-2005 95~~11,~~900~~907.0085 ~~95,878.02~~ 1(B) ~~1103365141~~1103369094 ~~CA 80.00 01-Mar-2005 329~~139,~~600~~041.0018 ~~327,408.23 1(B) 1103366538 CA 64.86~~ 01-Apr-2005 ~~227,000.00~~6 ~~226,999~~7.91500% ~~1(B) 1103366664 CA 80.00 01-Apr-2005 305~~6,~~600~~599.0057 ~~305,600.00~~ 1(B) ~~1103367562~~1103371693 ~~FL 80.00 01-Mar-2005 172~~160,000.00 ~~172,000.00 1(B) 1103368925 MD 80.00~~ 01-~~Apr~~Aug-2005 ~~200,000.00~~2 ~~200,000~~5.00740% ~~1(B) 1103369427 FL 70.00 01-Apr-2005 168~~2,~~000~~845.0031 ~~168,000.00~~ 1(B) ~~1103369429~~1103371827 ~~CA 66.51 01-Apr-2005 281~~122,~~000~~469.0046 ~~281,000.00 1(B) 1103371468 CA 80.00 01~~22-~~Feb~~May-2005 ~~208,000.00~~5 ~~206,273~~5.26490% ~~1(B) 1103371480 CA 85.00 01-Jan-2005 224~~3,~~400~~649.0048 ~~222,493.95~~ 1(B) ~~1103371856~~1103372051 ~~VA 47.02 01-Feb-2005 150~~81,~~000~~520.0010 ~~150,000.00 1(B) 1103372071 SC 80.00~~ 01-~~Feb~~Aug-2005 ~~188,000.00~~2 ~~188,000~~6.00740% 1~~(B) 1103372111 NJ 80.00 01-Feb-2005 154~~,~~400~~725.0042 ~~153,295.34~~ 1(B) ~~1103372431~~1103372299 ~~IL 80.00 01-Feb-2005 176~~193,~~000~~599.0049 ~~174,538.91 1(B) 1103372434 WI 80.00~~ 01-~~Feb~~Aug-2005 ~~130,800.00~~2 ~~129,915~~5.84890% ~~1(B) 1103372525 MD 79.44 09-Feb-2005 147~~3,~~900~~539.0064 ~~146,933.79~~ 1(B) ~~1103372537~~1103372320 ~~AZ 80.00 01-Feb-2005 107~~140,~~200~~000.00 ~~106,452.03 1(B) 1103372553 AZ 80.00~~ 01-~~Feb~~May-2005 ~~175,200.00~~5 ~~173,989~~5.59990% ~~1(B) 1103372589 MD 64.60 09-Feb-2005 197~~4,~~000~~561.0006 ~~194,464.88~~ 1(B) ~~1103372739~~1103372410 ~~VA 90.00 01-Feb-2005 117~~180,000.00 ~~116,227.99 1(B) 1103373946 FL 80.00~~ 01-~~Apr~~Jul-2005 ~~92,000.00~~3 ~~92,000~~5.00890% ~~1(B) 1103374265 MD 81.58 01-Mar-2005 288~~4,~~000~~113.0075 ~~287,999.19~~ 1(B) ~~1103374276~~1103372437 ~~CA 85.00 01-Feb-2005 306~~124,000.00 ~~305,999.70 1(B) 1103375316 MN 80.00~~ 01-Apr-2005 ~~186,400.00~~6 ~~186,400~~6.00590% ~~1(B) 1103376079 CA 80.00 01-Apr-2005 223~~5,~~200~~112.0096 ~~223,199.73~~ 1(B) ~~1103376390~~1103372649 ~~CA 80.00 01-Mar-2005 273~~152,~~134~~460.0083 ~~273,134.00 1(B) 1103376399 AZ 80.00~~ 01-~~Mar~~Jul-2005 ~~120,000.00~~3 ~~120,000~~5.00490% ~~1(B) 1103376989 NJ 73.33 01-Mar-2005 297~~3,~~000~~230.0025 ~~295,072.46~~ 1(B) ~~1103378419~~1103372872 ~~CA 79.99 01-Feb-2005 266~~81,~~300~~438.0035 ~~266,300.00 1(B) 1103378976 AZ 70.00~~ 01-~~Apr~~Aug-2005 ~~95,900.00~~2 ~~95,900~~6.00090% 1~~(B) 1103380371 CA 80.00 01-Mar-2005 548~~,~~000~~543.0024 ~~548,000.00~~ 1(B) ~~1103380403~~1103373761 ~~CA 80.00 01-Mar-2005 208~~161,000.00 ~~208,000.00 1(B) 1103380635 FL 80.00~~ 01-~~May~~Jun-2005 ~~153,501.00~~4 ~~153,501~~6.00875% ~~1(B) 1103380985 CA 75.00 01-Nov-2004 343~~5,~~500~~208.0036 ~~339,919.70~~ 1(B) ~~1103381478~~1103374143 ~~CA 70.00 01-Apr-2005 157~~104,~~500.00 156,814.32 1(B) 1103381804 CA 65.22 01-May-2005 450,~~000.00 ~~448,151.30 1(B) 1103383118 CA 69.97~~ 01-~~Apr~~Jun-2005 ~~650,000.00~~4 ~~650,000~~6.00995% ~~1(B) 1103383304 FL 68.20 01-May-2005 343~~3,~~700~~426.0078 ~~343,593.54~~ 1(B) ~~1103384071~~1103374459 ~~CA 80.00 01-Apr-2005 495~~52,~~600~~699.0090 ~~495,600.00 1(B) 1103385528 MA 80.00~~ 01-~~Apr~~Aug-2005 ~~440,000.00~~2 ~~438,465~~8.94370% 1~~(B) 1103386223 NV 69.99 01-Mar-2005 291~~,~~800~~399.0016 ~~291,800.00~~ 1(B) ~~1103387047~~1103376084 ~~CA 80.00 01-Feb-2005 236,000.00 236,196.66 1(B) 1103387785 CA 70.00 01-May-2005~~ 168,000.00 ~~168,000.00 1(B) 1103388264 FL 79.99~~ 01-~~May~~Aug-2005 ~~123,900.00~~2 ~~123,900~~5.~~00 1(B) 1103391050 FL 100.00 01-Apr-2005 192,~~500~~.00~~% ~~192~~2,~~500~~853.0020 1(B) ~~1103393098~~1103378774 ~~FL 95.00 01-Apr-2005 296~~264,~~400~~161.0005 ~~296,397.76 1(B) 1103399100 HI 80.00~~ 01-Apr-2005 ~~210,400.00~~6 ~~210,400~~7.00125% 1(B) 2503096337 FL 90.00 01-May-2005 202,500.00 202,500.00 1(B) 2503097895 CA 70.00 01-Apr-2005 315,000.00 315,000.00 1(B) 2503099695 WA 70.00 01-May-2005 150,500.00 150,500.00 1(B) 2503100713 FL 69.99 01-May-2005 116,100.00 115,623.02 1(B) 2503102482 CA 70.00 01-May-2005 332,500.00 332,500.00 1(B) 2503102579 CA 70.00 01-May-2005 294,000.00 294,000.00 1(C) 1103296740 FL 20.00 01-Dec-2004 74,800.00 74,671.61 1(C) 1103311693 CA 10~~.00 01-Nov-2004 94~~,~~000~~775.~~00 93,455.01 1(C) 2503091535 CA 30.00 01-Feb-2005 108,600.00 108,375.87 1(C) 3900006411 FL 30.56 08-Nov-1997 44,000.00 38,166.77 1(C) 3900009825 CA 41.89 27-Jun-1997 22,200.00 15,379.33~~94

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~Prepayment~~Summary ~~Loan~~12 ~~Detail~~Month -Bankruptcy ~~Prepayments~~History* ~~during~~New ~~Current~~Bankruptcy ~~Period~~Loans ~~(continued)~~Month ~~Current~~Bankruptcy ~~Loan~~Percentage ~~PIF~~Loans ~~Months~~in ~~Loan~~Bankruptcy ~~Original~~2 ~~Group~~Jan-05 ~~Number Type Delinquent Rate Term Seasoning 1(A) 1103307802 Loan Paid in Full~~ 0 7.~~250~~000% ~~360~~Original 5Principal ~~1(A)~~Balance ~~1103323864~~213,400.00 ~~Loan~~Feb-05 ~~Paid in Full~~ 0 9.~~875~~000% ~~360~~Current 6Principal ~~1(A)~~Balance ~~1103337935~~210,986.47 ~~Loan~~Mar-05 ~~Paid in Full~~ 0 7.~~125~~000% ~~360~~Apr-05 ~~6 1(A) 1103347379 Loan Paid in Full~~ 0 7.~~250~~014% ~~360~~Current 5Bankruptcy ~~1(A)~~Total ~~1103353529~~May-05 ~~Loan Paid in Full~~ 0 7.~~250~~014% ~~360~~Loans 6in ~~1(A)~~Bankruptcy ~~1103356586~~15 ~~Loan~~Jun-05 ~~Paid in Full~~ 0 8.~~125~~016% ~~360~~Original 5Principal Balance 1~~(A)~~,601,940.00 ~~1103365421~~Jul-05 ~~Loan Paid in Full~~ 0 7.~~250~~007% ~~360~~Current 5Principal ~~1(A)~~Balance ~~1103379323 Loan Paid in Full~~ 1 6,570,682.~~990%~~47 ~~360~~Aug-05 ~~4 1(A) 1103379846 Loan Paid in Full~~ 0 6.~~500~~013% ~~360~~Sep-05 ~~5 1(A) 1103390445 Loan Paid in Full~~ 0 7.~~250~~042% ~~360~~Oct-05 ~~4 1(A) 2503096738 Loan Paid in Full~~ 0 6.~~500~~051% ~~360~~Nov-05 ~~5 1(A) 2503099884 Loan Paid in Full~~ 0 8.~~625~~178% ~~360~~Dec-05 ~~5 1(B) 1103324720 Loan Paid in Full (1) 5~~0.~~625~~193% ~~360~~*The 7text ~~1(B)~~reported ~~1103325609 Loan Paid~~ in ~~Full~~the 0above ~~6.375%~~table ~~360~~is 7presented ~~1(B)~~graphically ~~1103342200~~on ~~Loan~~the ~~Paid~~monthly inbond ~~Full~~remittance ~~(2) 5~~report.~~200%~~ ~~360~~The 7monthly ~~1(B)~~bond ~~1103347446~~remittance ~~Loan~~report ~~Paid~~can inbe ~~Full~~viewed 0online 5at www.~~750%~~ctslink.com. ~~360 6~~ 1(BA) ~~1103349907~~12 ~~Loan~~Month ~~Paid~~Bankruptcy inHistory* ~~Full~~New ~~(1)~~Bankruptcy ~~6.125%~~Loans ~~360~~Month 4Bankruptcy ~~1(B)~~Percentage ~~1103358052~~Loans ~~Loan Paid~~ in ~~Full~~Bankruptcy ~~0 6.865% 360 6~~ 1~~(B)~~ ~~1103358093~~Jan-05 ~~Loan Paid in Full~~ 0 7.~~500~~000% ~~360~~Original 6Principal ~~1(B)~~Balance ~~1103365052~~149,600.00 ~~Loan~~Feb-05 ~~Paid in Full~~ 0 5.~~500~~000% ~~360~~Current 5Principal ~~1(B)~~Balance ~~1103365141~~147,824.46 ~~Loan~~Mar-05 ~~Paid in Full~~ 0 5.~~500~~000% ~~360~~Apr-05 ~~5 1(B) 1103366538 Loan Paid in Full~~ 0 6.~~375~~000% ~~360~~Current 5Bankruptcy ~~1(B)~~Total ~~1103366664~~May-05 ~~Loan Paid in Full~~ 0 5.~~500~~000% ~~360~~Loans 5in ~~1(B)~~Bankruptcy ~~1103367562~~2 ~~Loan~~Jun-05 ~~Paid in Full~~ 0 5.~~750~~000% ~~360~~Original 5Principal ~~1(B)~~Balance ~~1103368925~~226,500.00 ~~Loan~~Jul-05 ~~Paid in Full~~ 0 6.~~375~~000% ~~360~~Current 4Principal ~~1(B)~~Balance ~~1103369427~~223,664.23 ~~Loan~~Aug-05 ~~Paid in Full~~ 0 5.~~875~~000% ~~360~~Sep-05 ~~4 1(B) 1103369429 Loan Paid in Full~~ 0 4.~~750~~056% ~~360~~Oct-05 ~~5 1(B) 1103371468 Loan Paid in Full~~ 0 5.~~140~~057% ~~360~~Nov-05 ~~6 1(B) 1103371480 Loan Paid in Full~~ 0 5.~~750~~063% ~~360~~Dec-05 ~~7 1(B) 1103371856 Loan Paid in Full~~ 0 6.~~640~~190% ~~360~~*The 6text ~~1(B)~~reported ~~1103372071 Loan Paid~~ in ~~Full~~the 0above ~~6.990%~~table ~~360~~is 6presented ~~1(B)~~graphically ~~1103372111~~on ~~Loan~~the ~~Paid~~monthly inbond ~~Full~~remittance ~~0 5~~report.~~940%~~ ~~360~~The 6monthly ~~1(B)~~bond ~~1103372431~~remittance ~~Loan~~report ~~Paid~~can inbe ~~Full~~viewed 0online 5at www.~~140%~~ctslink.com. ~~360 6~~ 1(B) ~~1103372434~~12 ~~Loan~~Month ~~Paid~~Bankruptcy inHistory* ~~Full~~New 0Bankruptcy ~~6.240%~~Loans ~~360~~Month 6Bankruptcy ~~1(B)~~Percentage ~~1103372525~~Loans ~~Loan Paid~~ in ~~Full~~Bankruptcy 0 ~~5.590%~~Jan-05 ~~360 6 1(B) 1103372537 Loan Paid in Full~~ 0 6.~~100~~000% ~~360~~Original 6Principal ~~1(B)~~Balance ~~1103372553 Loan Paid in Full~~ 0 6.~~125%~~00 ~~360~~Feb-05 ~~6 1(B) 1103372589 Loan Paid in Full (1) 6~~0.~~250~~000% ~~360~~Current 6Principal ~~1(B)~~Balance ~~1103372739 Loan Paid in Full (1) 6~~0.~~390%~~00 ~~360~~Mar-05 ~~6 1(B) 1103373946 Loan Paid in Full~~ 0 6.000% ~~360~~Apr-05 ~~5 1(B) 1103374265 Loan Paid in Full~~ 0 8.~~005~~000% ~~360~~Current 5Bankruptcy ~~1(B)~~Total ~~1103374276~~May-05 ~~Loan Paid in Full~~ 0 6.~~240~~000% ~~360~~Loans ~~6 1(B) 1103375316 Loan Paid~~ in ~~Full~~Bankruptcy 08 ~~6.990%~~Jun-05 ~~360 5 1(B) 1103376079 Loan Paid in Full~~ 0 5.~~625~~000% ~~360~~Original 5Principal ~~1(B)~~Balance ~~1103376390 Loan Paid in Full (~~1~~) 4~~,204,040.~~950%~~00 ~~360~~Jul-05 ~~5 1(B) 1103376399 Loan Paid in Full~~ 0 6.~~875~~000% ~~360~~Current 5Principal ~~1(B)~~Balance ~~1103376989 Loan Paid in Full 0 5.625% 360 5~~ 1~~(B) 1103378419 Loan Paid in Full 0 6~~,199,872.~~125%~~32 ~~360~~Aug-05 ~~6 1(B) 1103378976 Loan Paid in Full~~ 0 5.~~500~~000% ~~360~~Sep-05 ~~5 1(B) 1103380371 Loan Paid in Full~~ 0 5.~~375~~029% ~~360~~Oct-05 ~~5 1(B) 1103380403 Loan Paid in Full~~ 0 6.~~750~~038% ~~360~~Nov-05 ~~5 1(B) 1103380635 Loan Paid in Full~~ 0 5.~~875~~188% ~~360~~Dec-05 ~~5 1(B) 1103380985 Loan Paid in Full~~ 0 5.~~875~~174% ~~360~~*The 9text ~~1(B)~~reported ~~1103381478 Loan Paid~~ in ~~Full~~the 0above ~~6.750%~~table ~~360~~is 4presented ~~1(B)~~graphically ~~1103381804~~on ~~Loan~~the ~~Paid~~monthly inbond ~~Full~~remittance ~~0 5~~report.~~875%~~ ~~360~~The 5monthly ~~1(B)~~bond ~~1103383118~~remittance ~~Loan~~report ~~Paid~~can inbe ~~Full~~viewed 0online ~~6.750%~~at ~~360 4 1(B) 1103383304 Loan Paid in Full 0 5~~www.~~750% 360 5 1(B) 1103384071 Loan Paid in Full 0 6~~ctslink.~~125% 360 4 1(B) 1103385528 Loan Paid in Full 0 7~~com.~~875%~~ ~~360 4~~ 1(BC) ~~1103386223~~12 ~~Loan~~Month ~~Paid~~Bankruptcy inHistory* ~~Full~~New 0Bankruptcy ~~5.250%~~Loans ~~360~~Month 5Bankruptcy ~~1(B)~~Percentage ~~1103387047~~Loans ~~Loan Paid~~ in ~~Full~~Bankruptcy ~~0 5.990% 360 6~~ 1~~(B)~~ ~~1103387785~~Jan-05 ~~Loan Paid in Full~~ 0 5.~~900~~000% ~~360~~Original 5Principal ~~1(B)~~Balance ~~1103388264 Loan Paid in Full 0 6~~63,800.~~875%~~00 ~~360~~Feb-05 ~~5 1(B) 1103391050 Loan Paid in Full~~ 0 6.000% ~~360~~Current 4Principal ~~1(B)~~Balance ~~1103393098~~63,162.01 ~~Loan~~Mar-05 ~~Paid in Full~~ 0 7.000% ~~360~~Apr-05 4 1~~(B) 1103399100 Loan Paid in Full 0 6~~.~~125~~407% ~~360~~Current 4Bankruptcy ~~1(B)~~Total ~~2503096337~~May-05 ~~Loan Paid in Full 0 7~~1.~~990~~460% ~~360~~Loans ~~5 1(B) 2503097895 Loan Paid~~ in ~~Full~~Bankruptcy 0 5~~.000%~~ ~~360~~Jun-05 5 1~~(B) 2503099695 Loan Paid in Full 0 5~~.~~750~~754% ~~360~~Original 5Principal ~~1(B)~~Balance ~~2503100713~~171,400.00 ~~Loan~~Jul-05 ~~Paid in Full~~ 0 5.~~875~~683% ~~360~~Current 5Principal ~~1(B)~~Balance ~~2503102482~~147,145.92 ~~Loan~~Aug-05 ~~Paid in Full (~~1~~) 4~~.~~875~~382% ~~360~~Sep-05 ~~5 1(B) 2503102579 Loan Paid in Full~~ 0 6.~~000~~995% ~~360~~Oct-05 5 1~~(C) 1103296740 Loan Paid in Full 0 14~~.~~000~~133% ~~180~~Nov-05 8 1~~(C)~~.167% ~~1103311693~~Dec-05 ~~Loan Paid in Full 0 8~~2.~~875~~170% ~~180~~*The 9text ~~1(C)~~reported ~~2503091535 Loan Paid~~ in ~~Full~~the 0above ~~12.000%~~table ~~180~~is 6presented ~~1(C)~~graphically ~~3900006411~~on ~~Loan~~the ~~Paid~~monthly inbond ~~Full~~remittance ~~1 13~~report.~~750%~~ ~~240~~The 93monthly ~~1(C)~~bond ~~3900009825~~remittance ~~Loan~~report ~~Paid~~can inbe ~~Full~~viewed 0online ~~13.490%~~at ~~180 97~~www.ctslink.com.

~~Summary~~Bankruptcy ~~SMM~~Detail ~~CPR~~- ~~PSA~~All ~~Current~~Mortgage ~~Month~~Loans ~~1.717%~~in ~~Current~~Bankruptcy ~~Month~~during ~~18.767%~~ Current ~~Month~~Period ~~1,769.816%~~Group 3Loan Month ~~Average~~Loan ~~1.794%~~First 3State ~~Month~~LTV ~~Average~~at ~~19.389%~~Original 3Number ~~Month~~Entered ~~Average~~Payment ~~2,276.488%~~Origination 12Principal ~~Month~~Bankruptcy ~~Average~~Date ~~0.000%~~Balance ~~12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/~~1(A) ~~N/A~~1103242514 ~~Sep~~Nov-~~2004~~2005 ~~N/A N/A Oct~~01-~~2004 N/A N/A Oct~~Sep-2004 ~~N/A~~FL ~~N/A~~47.49 ~~Nov-2004~~76,900.00 N/1(A) ~~N/A~~1103303387 ~~Nov-2004 N/A N/A~~ Dec-~~2004~~2005 ~~N/A N/A~~ 01-Dec-2004 ~~N/A~~PA ~~N/A~~80.00 ~~Jan-2005~~149,600.00 ~~N/A~~1(B) ~~N/A~~1103371784 ~~Jan~~Nov-2005 ~~N/A N/A Feb~~01-~~2005 N/A N/A~~ Feb-2005 ~~N/A~~OH ~~N/A~~80.00 ~~Mar-2005~~190,400.00 ~~N/A~~1(B) ~~N/A~~1103372528 ~~Mar~~Oct-2005 ~~N/A N/A Apr~~22-~~2005 3.586% N/A Apr~~Jan-2005 ~~1,354.549%~~TN ~~N/A May-2005 13~~80.~~225%~~00 ~~N/A May-2005 2~~60,~~857~~000.~~058%~~00 ~~N/A~~1(B) ~~Jun-2005~~1103372835 ~~13.840% N/A Jun~~Nov-2005 ~~2,092.345% N/A Jul~~01-~~2005 25.559% N/A Jul~~Jan-2005 ~~2,967.303%~~OR ~~N/A Aug-2005 18~~80.~~767%~~00 ~~N/A Aug-2005 1~~173,~~769~~840.~~816%~~00 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(AB) ~~SMM~~1103372867 CPR PSA Current Month 1.448% Current Month 16.058% Current Month 1,555.301% 3 Month Average 1.857% 3 Month Average 19.891% 3 Month Average 2,445.626% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-~~2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-~~2005 ~~N/A N/A Jan~~01-~~2005 N/A N/A~~ Feb-2005 ~~N/A~~DE ~~N/A~~80.00 ~~Feb-2005~~103,600.00 ~~N/A~~1(B) ~~N/A~~1103377022 ~~Mar~~Nov-2005 ~~N/A N/A~~ 01-Mar-2005 ~~N/A~~MA ~~N/A Apr-2005 4~~80.~~053%~~00 ~~N/A Apr-2005 1~~310,~~704~~200.~~497%~~00 ~~N/A~~1(B) ~~May-2005~~1103381691 ~~12.987% N/A May~~Nov-2005 ~~2,982.207% N/A Jun~~01-~~2005 14.504% N/A Jun~~May-2005 ~~2,284.248%~~IL ~~N/A Jul-2005 29~~89.~~112%~~86 ~~N/A Jul-2005 3~~124,~~497~~000.~~330%~~00 ~~N/A Aug-2005 16.058% N/A Aug-2005~~ 1,555.301% 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(B) ~~SMM~~1103383561 CPR PSA Current Month 1.739% Current Month 18.988% Current Month 1,835.528% 3 Month Average 1.774% 3 Month Average 19.200% 3 Month Average 2,322.447% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-~~2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-~~2005 ~~N/A N/A Jan~~01-~~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 ~~3.442%~~NC ~~N/A Apr-2005 1,458~~89.~~217%~~40 ~~N/A May-2005 12.923% N/A May-2005 2~~147,~~970~~500.~~488%~~00 ~~N/A~~1(B) ~~Jun-2005~~2503097870 ~~13.430% N/A Jun~~Nov-2005 ~~2,114.987% N/A Jul~~01-~~2005 25.181% N/A Jul~~Apr-2005 ~~3,016.825%~~CO ~~N/A Aug-2005 18~~70.~~988%~~00 ~~N/A Aug-2005 1~~94,~~835~~500.~~528%~~00 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(C) ~~SMM~~1103287627 CPR PSA Current Month 3.634% Current Month 35.863% Current Month 939.199% 3 Month Average 2.553% 3 Month Average 25.294% 3 Month Average 697.936% 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. SepDec-~~2004~~2005 ~~N/A N/A Sep~~01-~~2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A~~ Dec-2004 ~~N/A~~MA ~~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~~ 9.~~151%~~82 ~~N/A Apr-2005 295~~63,800.~~171%~~00 ~~N/A May-2005 38.297% N/A May-2005~~ 1~~,156.013%~~(C) ~~N/A~~3900006996 ~~Jun~~Apr-2005 ~~36.856% N/A Jun~~27-~~2005 1,067.838% N/A~~ Jul-~~2005~~1997 3NC 49.~~163%~~34 ~~N/A Jul-2005 86~~37,000.~~772%~~00 ~~N/A~~1(C) 3900010422 Aug-2005 ~~35.863% N/A~~ 28-Aug-~~2005~~1997 ~~939.199%~~FL ~~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~~24.49 ~~The graphically on the monthly bond remittance report~~12,000.00 ~~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~~ 1(~~SMM~~C): ~~(Partial~~3900010657 ~~and full prepayments + Repurchases) / (Beginning Scheduled Balance~~ Aug-2005 ~~Scheduled Principal) Conditional PrePayment Rate (CPR): 1~~ 15- ~~((1~~ Aug-1997 ~~SMM)^12)~~GA ~~PSA Standard Prepayment Model: 100 * CPR / (0~~14.246 * MIN(3025,~~WAS))~~000.00 ~~Weighted Average Seasoning~~ 1(~~WAS~~C): ~~sum((Original~~3900010718 ~~Term~~Aug-2005 11-Jul-1997 ~~Remaining~~GA ~~Term)*(Current~~35.94 ~~Scheduled Balance/Deal Scheduled Principal Balance))~~33,600.00

~~Realized~~Bankruptcy ~~Loss~~ Detail ~~Report~~ - All Mortgage Loans ~~with~~in ~~Losses~~Bankruptcy during Current Period ~~Summary~~(continued) #Group ~~Loans~~Loan ~~Prior~~Current ~~Realized~~Paid To Months Current ~~with~~Approximate Number Principal ~~Loss/~~Date Delinquent Loan Rate Delinquent Balance Interest 1(~~Gain~~A) ~~Loss~~1103242514 ~~Group~~75,839.77 ~~Losses~~01-Nov-2005 ~~Balance~~0 ~~Amount~~7.250% ~~Percentage~~882.15 1(A) 01103303387 147,824.46 01-Sep-2005 1 7.250% 2,580.24 1(B) 1103371784 190,358.36 01-Nov-2005 0 5.640% 1,660.86 1(B) 1103372528 59,412.39 22-Apr-2005 6 6.740% 2,519.45 1(B) 1103372835 173,840.00 01-Jul-2005 3 5.740% 3,864.30 1(B) 1103372867 102,578.29 01-Oct-2005 0 6.740% 1,084.56 1(B) 1103377022 307,713.28 01-Apr-2005 6 7.250% 14,093.69 1(B) 1103381691 124,000.00 01-Nov-2005 0 5.~~000~~875% 1,130.46 1(B) 01103383561 0147,470.00 001-Dec-2005 (1) 6.250% 718.30 1(B) 2503097870 94,500.00 001-Aug-2005 2 5.~~000~~125% 1,486.80 1(C) 01103287627 063,162.0001 001-Jun-2005 4 11.00125% 3,272.02 1(C) 3900006996 25,484.17 27-Nov-2005 0 14.~~000~~250% ~~Total~~578.63 01(C) 3900010422 8,346.36 27-Nov-2006 (12) 15.120% 0.00 1(C) 3900010657 21,593.92 15-Jan-2006 (2) 14.990% 0.00 1(C) 3900010718 28,559.46 11-Oct-2005 0 13.~~000~~990% 631.53

Realized Loss ~~Loan~~ Detail Report - Loans ~~With~~with Losses during Current Period ~~Original~~Summary ~~Current~~# ~~Loan~~Loans ~~Principal~~Prior ~~Note~~Realized ~~LTV~~Current atwith ~~Original~~Principal Loss/(Gain) Loss Group ~~Number~~Losses Balance ~~Rate~~Amount ~~State~~Percentage ~~Origination~~1(A) ~~Term~~0 No0.00 ~~losses~~0.00 ~~this~~0.000% ~~period~~1(B) 1 106,978.75 814.73 0.000% 1(C) 0 0.00 0.00 0.000% Total 1 106,978.75 814.73 0.000%

Realized Loss Loan Detail Report - Loans With Losses during Current Period ~~(continued)~~Original ~~Prior~~Current ~~Cumulative~~ Loan Principal ~~Realized~~Note ~~Realized~~LTV at Original Group Number Balance ~~Loss/(Gain)~~Rate ~~Loss/~~State Origination Term 1(~~Gain~~B) No1103372384 ~~losses~~108,000.00 ~~this~~6.490% ~~period~~CA 80.00 360

~~MDR~~Realized SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss ~~Severity~~Loan ~~Approximation~~Detail ~~Current~~Report Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-~~2004~~ ~~N/A~~Loans ~~N/A~~With ~~Sep-2004~~Losses ~~N/A~~during N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *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(A) MDR SDA Current ~~Month~~Period 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *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(Bcontinued) ~~MDR~~Prior ~~SDA~~Cumulative ~~Current~~Loan ~~Month~~Principal ~~0.000%~~Realized ~~Current~~Realized ~~Month~~Group ~~0.000%~~Number 3Balance Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *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(CGain) MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (~~MDR~~Gain): ~~sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR):~~ 1-(~~(1-MDR~~B)~~^12)~~ ~~SDA~~1103372384 ~~Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0~~106,978.~~02)~~75 ~~else if WAS is greater than 30 and less than or equal to 60 then CDR/0~~814.673 ~~else if WAS is greater than 60 and less than or equal to 120 then CDR/(0~~814.~~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)~~73

Prepayment - Voluntary Prepayments

Filing Compare · Impac CMB Trust Series 2005-3, Collateralized Asset - Backed Bonds, Series 2005-3