8-K 1 bsa05ac2_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 BEAR STEARNS ASSET BACKED SECURITIES I TRUST Asset Backed Securities, Series 2005-AC2 (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-30 Pooling and Servicing Agreement) (Commission 54-2169438 (State or other File Number) 54-2169439 jurisdiction 54-2169440 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES I TRUST, Asset Backed Securities, Series 2005-AC2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Securities, Series 2005-AC2 Trust, relating to the 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. BEAR STEARNS ASSET BACKED SECURITIES I TRUST Asset Backed Securities, Series 2005-AC2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Securities, Series 2005-AC2 Trust, relating to the December 27, 2005 distribution. EX-99.1 Bear Stearns Asset Backed Securities Asset Backed Securities Record Date: 11/30/2005 Distribution Date: 12/27/2005 Bear Stearns Asset Backed Securities Asset Backed Securities Series 2005-AC2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Bear Stearns Asset Backed Securities Asset Backed Securities Record Date: 8/31/2005 Distribution Date: 9/26/2005 Bear Stearns Asset Backed Securities Asset Backed Securities Series 2005-AC2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ I-A 073879SL3 ~~SEN~~ 5.25000% ~~266~~243,~~247~~719,~~971~~683.9330 1,~~164~~066,~~834~~273.8861 I-M-1 073879SM1 ~~MEZ~~ 4.~~09125~~64375% 1816,~~176~~638,~~692~~690.3588 64,~~036~~388.8727 I-M-2 073879SN9 ~~MEZ~~ 4.~~29125~~84375% 1917,~~186~~562,~~152~~736.0321 70,~~897~~891.5025 I-M-3 073879SP4 ~~MEZ~~ 4.~~32125~~87375% 6,~~563~~008,~~780~~392.1084 24,~~424~~402.3384 I-B-1 073879SQ2 ~~SUB 4~~5.~~94125~~49375% 7,~~909~~240,~~726~~453.3528 33,~~655~~147.6170 I-B-2 073879SR0 ~~SUB~~ 5.~~04125~~59375% 54,~~216~~775,~~917~~493.0012 22,~~647~~260.0476 I-B-3 073879SS8 ~~SUB 5~~6.~~49125~~04375% 109,~~266~~398,~~966~~237.0060 4847,~~548~~333.1383 II-A-1 073879ST6 ~~SEN~~ 5.25000% ~~127~~121,~~071~~224,~~155~~241.8625 ~~555~~530,~~936~~356.3106 II-A-2 073879SU3 ~~SEN 3~~4.~~99125~~54375% 1211,~~044~~489,~~135~~949.6482 4143,~~394~~506.6122 II-M-1 073879SV1 ~~MEZ~~ 4.~~10125~~65375% 12,~~924~~329,~~425~~735.6815 4547,~~644~~816.3125 II-M-2 073879SW9 ~~MEZ~~ 4.~~29125~~84375% 9,~~872~~418,~~876~~596.3348 3638,~~482~~017.6877 II-M-3 073879SX7 ~~MEZ~~ 4.~~32125~~87375% 3,~~499~~338,~~981~~937.6225 13,~~023~~560.7095 II-B-1 073879SY5 ~~SUB 4~~5.~~84125~~39375% 4,~~218~~024,~~209~~117.8975 1718,~~585~~087.1057 II-B-2 073879SZ2 ~~SUB 4~~5.~~94125~~49375% 3,~~590~~425,~~220~~024.5603 15,~~276~~680.2619 II-B-3 073879TA6 ~~SUB 5~~6.~~49125~~04375% 4,~~847~~624,~~120~~089.0390 2223,~~919~~289.9804 I-C 073879TE8 OC 0.00000% 3,304,091.18 ~~284~~238,~~977~~994.8215 II-C 073879TG3 OC 0.00000% 1,559,542.63 ~~198~~170,~~455~~551.4880 I-P 073879TF5 ~~SEN~~ 0.00000% 100.00 ~~15,327~~0.1800 II-P 073879TH1 ~~SEN~~ 0.00000% 100.00 672,~~803~~518.4566 I-R-1 073879TB4 ~~RES~~ 0.00000% 0.00 0.00 I-R-2 073879TC2 ~~RES~~ 0.00000% 0.00 0.00 II-R 073879TD0 ~~RES~~ 0.00000% 0.00 0.00 Totals ~~516~~480,~~500~~082,~~165~~212.1867 2,~~682~~541,~~871~~076.2492

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses I-A 78,~~583~~009,~~300~~234.3594 0.00 ~~258~~235,~~664~~710,~~671~~448.5936 89,~~748~~075,~~135~~508.2355 0.00 I-M-1 ~~517~~546,~~710~~788.3076 0.00 1716,~~658~~091,~~982~~902.0511 ~~581~~611,~~747~~177.1703 0.00 I-M-2 ~~546~~577,~~461~~155.8319 0.00 1816,~~639~~985,~~690~~581.2002 ~~617~~648,~~359~~046.3344 0.00 I-M-3 ~~186~~197,~~950~~450.2273 0.00 65,~~376~~810,~~829~~942.8811 ~~211~~221,~~374~~853.5557 0.00 I-B-1 ~~225~~237,~~285~~939.5930 0.00 7,~~684~~002,~~440~~513.7697 ~~258~~271,~~941~~087.2000 0.00 I-B-2 ~~148~~156,~~588~~934.7358 0.00 54,~~068~~618,~~328~~558.2654 ~~171~~179,~~235~~195.7734 0.00 I-B-3 ~~292~~308,~~424~~849.7146 0.00 9,~~974~~089,~~541~~388.2814 ~~340~~356,~~972~~183.8429 0.00 II-A-1 13,~~340~~524,~~136~~596.7323 0.00 ~~125~~117,~~731~~699,~~019~~645.1301 14,~~896~~054,~~073~~952.0429 0.00 II-A-2 ~~127~~334,~~021~~070.6643 0.00 11,~~917~~155,~~113~~879.9940 ~~168~~377,~~416~~576.2765 0.00 II-M-1 ~~136~~358,~~305~~487.5019 0.00 1211,~~788~~971,~~120~~247.1895 ~~181~~406,~~949~~303.8144 0.00 II-M-2 ~~104~~273,~~122~~845.80 0.00 9,~~768~~144,~~753~~750.5368 ~~140~~311,~~605~~863.4857 0.00 II-M-3 3697,~~912~~079.0364 0.00 3,~~463~~241,~~069~~857.5961 49110,~~935~~640.7359 0.00 II-B-1 44117,~~486~~001.7127 0.00 43,~~173~~907,~~723~~116.1848 62135,~~071~~088.8184 0.00 II-B-2 3799,~~863~~582.7261 0.00 3,~~552~~325,~~356~~441.8442 53115,~~139~~262.9880 0.00 II-B-3 51134,~~119~~445.4247 0.00 4,~~796~~489,~~000~~644.6143 74157,~~039~~734.4051 0.00 I-C 0.00 0.00 3,304,091.18 ~~284~~238,~~977~~994.8215 0.00 II-C 0.00 0.00 1,559,542.63 ~~198~~170,~~455~~551.4880 0.00 I-P 0.00 0.00 100.00 ~~15,327~~0.1800 0.00 II-P 0.00 0.00 100.00 672,~~803~~518.4566 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 Totals 1114,~~378~~973,~~690~~461.3060 0.00 ~~505~~465,~~121~~108,~~474~~751.8804 1417,~~061~~514,~~561~~538.5452 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ I-A 290,392,000.00 ~~266~~243,~~247~~719,~~971~~683.9330 0.00 78,~~583~~009,~~300~~234.3594 0.00 0.00 I-M-1 19,825,000.00 1816,~~176~~638,~~692~~690.3588 0.00 ~~517~~546,~~710~~788.3076 0.00 0.00 I-M-2 20,926,000.00 1917,~~186~~562,~~152~~736.0321 0.00 ~~546~~577,~~461~~155.8319 0.00 0.00 I-M-3 7,159,000.00 6,~~563~~008,~~780~~392.1084 0.00 ~~186~~197,~~950~~450.2273 0.00 0.00 I-B-1 8,627,000.00 7,~~909~~240,~~726~~453.3528 0.00 ~~225~~237,~~285~~939.5930 0.00 0.00 I-B-2 5,690,000.00 54,~~216~~775,~~917~~493.0012 0.00 ~~148~~156,~~588~~934.7358 0.00 0.00 I-B-3 11,198,000.00 109,~~266~~398,~~966~~237.0060 0.00 ~~292~~308,~~424~~849.7146 0.00 0.00 II-A-1 138,000,000.00 ~~127~~121,~~071~~224,~~155~~241.8625 0.00 13,~~340~~524,~~136~~596.7323 0.00 0.00 II-A-2 13,080,000.00 1211,~~044~~489,~~135~~949.6482 0.00 ~~127~~334,~~021~~070.6643 0.00 0.00 II-M-1 14,036,000.00 12,~~924~~329,~~425~~735.6815 0.00 ~~136~~358,~~305~~487.5019 0.00 0.00 II-M-2 10,722,000.00 9,~~872~~418,~~876~~596.3348 0.00 ~~104~~273,~~122~~845.80 0.00 0.00 II-M-3 3,801,000.00 3,~~499~~338,~~981~~937.6225 0.00 3697,~~912~~079.0364 0.00 0.00 II-B-1 4,581,000.00 4,~~218~~024,~~209~~117.8975 0.00 44117,~~486~~001.7127 0.00 0.00 II-B-2 3,899,000.00 3,~~590~~425,~~220~~024.5603 0.00 3799,~~863~~582.7261 0.00 0.00 II-B-3 5,264,000.00 4,~~847~~624,~~120~~089.0390 0.00 51134,~~119~~445.4247 0.00 0.00 I-C 3,304,271.18 3,304,091.18 0.00 0.00 0.00 0.00 II-C 1,559,788.63 1,559,542.63 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 562,064,259.81 ~~516~~480,~~500~~082,~~165~~212.1867 0.00 1114,~~378~~973,~~690~~461.3060 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 I-A 78,~~583~~009,~~300~~234.3594 ~~258~~235,~~664~~710,~~671~~448.5936 0.~~89074310~~811697 78,~~583~~009,~~300~~234.3594 I-M-1 ~~517~~546,~~710~~788.3076 1716,~~658~~091,~~982~~902.0511 0.~~89074310~~811697 ~~517~~546,~~710~~788.3076 I-M-2 ~~546~~577,~~461~~155.8319 1816,~~639~~985,~~690~~581.2002 0.~~89074310~~811697 ~~546~~577,~~461~~155.8319 I-M-3 ~~186~~197,~~950~~450.2273 65,~~376~~810,~~829~~942.8811 0.~~89074310~~811697 ~~186~~197,~~950~~450.2273 I-B-1 ~~225~~237,~~285~~939.5930 7,~~684~~002,~~440~~513.7697 0.~~89074310~~811697 ~~225~~237,~~285~~939.5930 I-B-2 ~~148~~156,~~588~~934.7358 54,~~068~~618,~~328~~558.2654 0.~~89074310~~811697 ~~148~~156,~~588~~934.7358 I-B-3 ~~292~~308,~~424~~849.7146 9,~~974~~089,~~541~~388.2814 0.~~89074310~~811697 ~~292~~308,~~424~~849.7146 II-A-1 13,~~340~~524,~~136~~596.7323 ~~125~~117,~~731~~699,~~019~~645.1301 0.~~91109434~~852896 13,~~340~~524,~~136~~596.7323 II-A-2 ~~127~~334,~~021~~070.6643 11,~~917~~155,~~113~~879.9940 0.~~91109434~~852896 ~~127~~334,~~021~~070.6643 II-M-1 ~~136~~358,~~305~~487.5019 1211,~~788~~971,~~120~~247.1895 0.~~91109434~~852896 ~~136~~358,~~305~~487.5019 II-M-2 ~~104~~273,~~122~~845.80 9,~~768~~144,~~753~~750.5368 0.~~91109434~~852896 ~~104~~273,~~122~~845.80 II-M-3 3697,~~912~~079.0364 3,~~463~~241,~~069~~857.5961 0.~~91109434~~852896 3697,~~912~~079.0364 II-B-1 44117,~~486~~001.7127 43,~~173~~907,~~723~~116.1848 0.~~91109434~~852896 44117,~~486~~001.7127 II-B-2 3799,~~863~~582.7261 3,~~552~~325,~~356~~441.8442 0.~~91109434~~852896 3799,~~863~~582.7261 II-B-3 51134,~~119~~445.4247 4,~~796~~489,~~000~~644.6143 0.~~91109434~~852896 51134,~~119~~445.4247 I-C 0.00 3,304,091.18 0.~~99994553~~999946 0.00 II-C 0.00 1,559,542.63 0.~~99984229~~999842 0.00 I-P 0.00 100.00 1.~~00000000~~000000 0.00 II-P 0.00 100.00 1.~~00000000~~000000 0.00 I-R-1 0.00 0.00 0.~~00000000~~000000 0.00 I-R-2 0.00 0.00 0.~~00000000~~000000 0.00 II-R 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1114,~~378~~973,~~690~~461.3060 ~~505~~465,~~121~~108,~~474~~751.8804 0.~~89868990~~827501 1114,~~378~~973,~~690~~461.3060

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ I-A 290,392,000.00 ~~916~~839.~~85711703~~278228 0.~~00000000~~000000 2627.~~11401261~~580770 0.~~00000000~~000000 I-M-1 19,825,000.00 ~~916~~839.~~85711728~~278228 0.~~00000000~~000000 2627.~~11401261~~580770 0.~~00000000~~000000 I-M-2 20,926,000.00 ~~916~~839.~~85711698~~278229 0.~~00000000~~000000 2627.~~11401271~~580770 0.~~00000000~~000000 I-M-3 7,159,000.00 ~~916~~839.~~85711692~~278229 0.~~00000000~~000000 2627.~~11401313~~580770 0.~~00000000~~000000 I-B-1 8,627,000.00 ~~916~~839.~~85711719~~278229 0.~~00000000~~000000 2627.~~11401298~~580770 0.~~00000000~~000000 I-B-2 5,690,000.00 ~~916~~839.~~85711775~~278228 0.~~00000000~~000000 2627.~~11401230~~580770 0.~~00000000~~000000 I-B-3 11,198,000.00 ~~916~~839.~~85711734~~278228 0.~~00000000~~000000 2627.~~11401232~~580770 0.~~00000000~~000000 II-A-1 138,000,000.00 ~~920~~878.~~80547725~~436531 0.~~00000000~~000000 925.~~71113572~~540552 0.~~00000000~~000000 II-A-2 13,080,000.00 ~~920~~878.~~80547706~~436531 0.~~00000000~~000000 925.~~71113609~~540553 0.~~00000000~~000000 II-M-1 14,036,000.00 ~~920~~878.~~80547734~~436531 0.~~00000000~~000000 925.~~71113565~~540552 0.~~00000000~~000000 II-M-2 10,722,000.00 ~~920~~878.~~80547752~~436530 0.~~00000000~~000000 925.~~71113598~~540552 0.~~00000000~~000000 II-M-3 3,801,000.00 ~~920~~878.~~80547751~~436530 0.~~00000000~~000000 925.~~71113654~~540552 0.~~00000000~~000000 II-B-1 4,581,000.00 ~~920~~878.~~80547697~~436531 0.~~00000000~~000000 925.~~71113512~~540552 0.~~00000000~~000000 II-B-2 3,899,000.00 ~~920~~878.~~80547833~~436530 0.~~00000000~~000000 925.~~71113619~~540551 0.~~00000000~~000000 II-B-3 5,264,000.00 ~~920~~878.~~80547682~~436531 0.~~00000000~~000000 925.~~71113602~~540553 0.~~00000000~~000000 I-C 3,304,271.18 999.~~94552505~~945525 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-C 1,559,788.63 999.~~84228632~~842286 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-P 100.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-P 100.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-R-1 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-R-2 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R 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 I-A 0.~~00000000~~000000 2627.~~11401261~~580770 ~~890~~811.~~74310446~~697458 0.~~89074310~~811697 2627.~~11401261~~580770 I-M-1 0.~~00000000~~000000 2627.~~11401261~~580770 ~~890~~811.~~74310467~~697458 0.~~89074310~~811697 2627.~~11401261~~580770 I-M-2 0.~~00000000~~000000 2627.~~11401271~~580770 ~~890~~811.~~74310427~~697459 0.~~89074310~~811697 2627.~~11401271~~580770 I-M-3 0.~~00000000~~000000 2627.~~11401313~~580770 ~~890~~811.~~74310379~~697459 0.~~89074310~~811697 2627.~~11401313~~580770 I-B-1 0.~~00000000~~000000 2627.~~11401298~~580770 ~~890~~811.~~74310421~~697458 0.~~89074310~~811697 2627.~~11401298~~580770 I-B-2 0.~~00000000~~000000 2627.~~11401230~~580770 ~~890~~811.~~74310369~~697459 0.~~89074310~~811697 2627.~~11401230~~580770 I-B-3 0.~~00000000~~000000 2627.~~11401232~~580770 ~~890~~811.~~74310413~~697458 0.~~89074310~~811697 2627.~~11401232~~580770 II-A-1 0.~~00000000~~000000 925.~~71113572~~540552 ~~911~~852.~~09434152~~895978 0.~~91109434~~852896 925.~~71113572~~540552 II-A-2 0.~~00000000~~000000 925.~~71113609~~540553 ~~911~~852.~~09434174~~895979 0.~~91109434~~852896 925.~~71113609~~540553 II-M-1 0.~~00000000~~000000 925.~~71113565~~540552 ~~911~~852.~~09434169~~895978 0.~~91109434~~852896 925.~~71113565~~540552 II-M-2 0.~~00000000~~000000 925.~~71113598~~540552 ~~911~~852.~~09434154~~895978 0.~~91109434~~852896 925.~~71113598~~540552 II-M-3 0.~~00000000~~000000 925.~~71113654~~540552 ~~911~~852.~~09434096~~895977 0.~~91109434~~852896 925.~~71113654~~540552 II-B-1 0.~~00000000~~000000 925.~~71113512~~540552 ~~911~~852.~~09434185~~895979 0.~~91109434~~852896 925.~~71113512~~540552 II-B-2 0.~~00000000~~000000 925.~~71113619~~540551 ~~911~~852.~~09434214~~895978 0.~~91109434~~852896 925.~~71113619~~540551 II-B-3 0.~~00000000~~000000 925.~~71113602~~540553 ~~911~~852.~~09434081~~895978 0.~~91109434~~852896 925.~~71113602~~540553 I-C 0.~~00000000~~000000 0.~~00000000~~000000 999.~~94552505~~945525 0.~~99994553~~999946 0.~~00000000~~000000 II-C 0.~~00000000~~000000 0.~~00000000~~000000 999.~~84228632~~842286 0.~~99984229~~999842 0.~~00000000~~000000 I-P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 II-P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 I-R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R 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~~ I-A ~~290,392,000.00~~11/01/05 - 11/30/05 30 5.25000% ~~266~~243,~~247~~719,~~971~~683.9330 1,~~164~~066,~~834~~273.8861 0.00 ~~0.00~~ I-M-1 ~~19,825,000.00~~11/25/05 - 12/24/05 30 4.~~09125~~64375% 1816,~~176~~638,~~692~~690.3588 64,~~036~~388.8727 0.00 ~~0.00~~ I-M-2 ~~20,926,000.00~~11/25/05 - 12/24/05 30 4.~~29125~~84375% 1917,~~186~~562,~~152~~736.0321 70,~~897~~891.5025 0.00 ~~0.00~~ I-M-3 ~~7,159,000.00~~11/25/05 - 12/24/05 30 4.~~32125~~87375% 6,~~563~~008,~~780~~392.1084 24,~~424~~402.3384 0.00 ~~0.00~~ I-B-1 ~~8,627,000.00~~11/25/05 4- 12/24/05 30 5.~~94125~~49375% 7,~~909~~240,~~726~~453.3528 33,~~655~~147.6170 0.00 ~~0.00~~ I-B-2 ~~5,690,000.00~~11/25/05 - 12/24/05 30 5.~~04125~~59375% 54,~~216~~775,~~917~~493.0012 22,~~647~~260.0476 0.00 ~~0.00~~ I-B-3 11~~,198,000.00~~/25/05 5- 12/24/05 30 6.~~49125~~04375% 109,~~266~~398,~~966~~237.0060 4847,~~548~~333.1383 0.00 ~~0.00~~ II-A-1 ~~138,000,000.00~~11/01/05 - 11/30/05 30 5.25000% ~~127~~121,~~071~~224,~~155~~241.8625 ~~555~~530,~~936~~356.3106 0.00 ~~0.00~~ II-A-2 ~~13,080,000.00~~11/25/05 3- 12/24/05 30 4.~~99125~~54375% 1211,~~044~~489,~~135~~949.6482 4143,~~394~~506.6122 0.00 ~~0.00~~ II-M-1 ~~14,036,000.00~~11/25/05 - 12/24/05 30 4.~~10125~~65375% 12,~~924~~329,~~425~~735.6815 4547,~~644~~816.3125 0.00 ~~0.00~~ II-M-2 ~~10,722,000.00~~11/25/05 - 12/24/05 30 4.~~29125~~84375% 9,~~872~~418,~~876~~596.3348 3638,~~482~~017.6877 0.00 ~~0.00~~ II-M-3 ~~3,801,000.00~~11/25/05 - 12/24/05 30 4.~~32125~~87375% 3,~~499~~338,~~981~~937.6225 13,~~023~~560.7095 0.00 ~~0.00~~ II-B-1 ~~4,581,000.00~~11/25/05 4- 12/24/05 30 5.~~84125~~39375% 4,~~218~~024,~~209~~117.8975 1718,~~585~~087.1057 0.00 ~~0.00~~ II-B-2 ~~3,899,000.00~~11/25/05 4- 12/24/05 30 5.~~94125~~49375% 3,~~590~~425,~~220~~024.5603 15,~~276~~680.2619 0.00 ~~0.00~~ II-B-3 ~~5,264,000.00~~11/25/05 5- 12/24/05 30 6.~~49125~~04375% 4,~~847~~624,~~120~~089.0390 2223,~~919~~289.9804 0.00 ~~0.00~~ I-C ~~3,304,271.18~~N/A N/A 0.00000% 3,304,091.18 0.00 0.00 ~~0.00~~ II-C ~~1,559,788.63~~N/A N/A 0.00000% 1,559,542.63 0.00 0.00 ~~0.00~~ I-P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ II-P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ I-R-1 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ I-R-2 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ II-R ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~562,064,259.81~~ 2,~~177~~059,~~307~~012.31 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 I-A 0.00 0.00 1,~~164~~066,~~834~~273.8861 0.00 ~~258~~235,~~664~~710,~~671~~448.5936 I-M-1 0.00 0.00 64,~~036~~388.8727 0.00 1716,~~658~~091,~~982~~902.0511 I-M-2 0.00 0.00 70,~~897~~891.5025 0.00 1816,~~639~~985,~~690~~581.2002 I-M-3 0.00 0.00 24,~~424~~402.3384 0.00 65,~~376~~810,~~829~~942.8811 I-B-1 0.00 0.00 33,~~655~~147.6170 0.00 7,~~684~~002,~~440~~513.7697 I-B-2 0.00 0.00 22,~~647~~260.0476 0.00 54,~~068~~618,~~328~~558.2654 I-B-3 0.00 0.00 4847,~~548~~333.1383 0.00 9,~~974~~089,~~541~~388.2814 II-A-1 0.00 0.00 ~~555~~530,~~936~~356.3106 0.00 ~~125~~117,~~731~~699,~~019~~645.1301 II-A-2 0.00 0.00 4143,~~394~~506.6122 0.00 11,~~917~~155,~~113~~879.9940 II-M-1 0.00 0.00 4547,~~644~~816.3125 0.00 1211,~~788~~971,~~120~~247.1895 II-M-2 0.00 0.00 3638,~~482~~017.6877 0.00 9,~~768~~144,~~753~~750.5368 II-M-3 0.00 0.00 13,~~023~~560.7095 0.00 3,~~463~~241,~~069~~857.5961 II-B-1 0.00 0.00 1718,~~585~~087.1057 0.00 43,~~173~~907,~~723~~116.1848 II-B-2 0.00 0.00 15,~~276~~680.2619 0.00 3,~~552~~325,~~356~~441.8442 II-B-3 0.00 0.00 2223,~~919~~289.9804 0.00 4,~~796~~489,~~000~~644.6143 I-C 0.00 0.00 ~~284~~238,~~977~~994.8215 0.00 3,304,091.18 II-C 0.00 0.00 ~~198~~170,~~455~~551.4880 0.00 1,559,542.63 I-P 0.00 0.00 ~~15,327~~0.1800 0.00 100.00 II-P 0.00 0.00 672,~~803~~518.4566 0.00 100.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~682~~541,~~871~~076.2492 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~~ I-A 11/01/05 - 11/30/05 290,392,000.00 5.25000% ~~916~~839.~~85711703~~278228 43.~~01124990~~671842 0.~~00000000~~000000 ~~0.00000000~~ I-M-1 11/25/05 - 12/24/05 19,825,000.00 4.~~09125~~64375% ~~916~~839.~~85711728~~278228 3.~~23010694~~247832 0.~~00000000~~000000 ~~0.00000000~~ I-M-2 11/25/05 - 12/24/05 20,926,000.00 4.~~29125~~84375% ~~916~~839.~~85711698~~278229 3.~~38801013~~387711 0.~~00000000~~000000 ~~0.00000000~~ I-M-3 11/25/05 - 12/24/05 7,159,000.00 4.~~32125~~87375% ~~916~~839.~~85711692~~278229 3.~~41169577~~408694 0.~~00000000~~000000 ~~0.00000000~~ I-B-1 11/25/05 - 12/24/05 8,627,000.00 45.~~94125~~49375% ~~916~~839.~~85711719~~278229 3.~~90119509~~842321 0.~~00000000~~000000 ~~0.00000000~~ I-B-2 11/25/05 - 12/24/05 5,690,000.00 5.~~04125~~59375% ~~916~~839.~~85711775~~278228 3.~~98014763~~912260 0.~~00000000~~000000 ~~0.00000000~~ I-B-3 11/25/05 - 12/24/05 11,198,000.00 56.~~49125~~04375% ~~916~~839.~~85711734~~278228 4.~~33542865~~226990 0.~~00000000~~000000 ~~0.00000000~~ II-A-1 11/01/05 - 11/30/05 138,000,000.00 5.25000% ~~920~~878.~~80547725~~436531 43.~~02852399~~843160 0.~~00000000~~000000 ~~0.00000000~~ II-A-2 11/25/05 - 12/24/05 13,080,000.00 34.~~99125~~54375% ~~920~~878.~~80547706~~436531 3.~~16472554~~326164 0.~~00000000~~000000 ~~0.00000000~~ II-M-1 11/25/05 - 12/24/05 14,036,000.00 4.~~10125~~65375% ~~920~~878.~~80547734~~436531 3.~~25194571~~406686 0.~~00000000~~000000 ~~0.00000000~~ II-M-2 11/25/05 - 12/24/05 10,722,000.00 4.~~29125~~84375% ~~920~~878.~~80547752~~436530 3.~~40260026~~545772 0.~~00000000~~000000 ~~0.00000000~~ II-M-3 11/25/05 - 12/24/05 3,801,000.00 4.~~32125~~87375% ~~920~~878.~~80547751~~436530 3.~~42638779~~567732 0.~~00000000~~000000 ~~0.00000000~~ II-B-1 11/25/05 - 12/24/05 4,581,000.00 45.~~84125~~39375% ~~920~~878.~~80547697~~436531 3.~~83870334~~948389 0.~~00000000~~000000 ~~0.00000000~~ II-B-2 11/25/05 - 12/24/05 3,899,000.00 45.~~94125~~49375% ~~920~~878.~~80547833~~436530 34.~~91799436~~021593 0.~~00000000~~000000 ~~0.00000000~~ II-B-3 11/25/05 - 12/24/05 5,264,000.00 56.~~49125~~04375% ~~920~~878.~~80547682~~436531 4.~~35409954~~424210 0.~~00000000~~000000 ~~0.00000000~~ I-C N/A 3,304,271.18 0.00000% 999.~~94552505~~945525 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ II-C N/A 1,559,788.63 0.00000% 999.~~84228632~~842286 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ I-P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ II-P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ I-R-1 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ I-R-2 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ II-R 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 I-A 0.~~00000000~~000000 0.~~00000000~~000000 43.~~01124990~~671842 0.~~00000000~~000000 ~~890~~811.~~74310446~~697458 I-M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~23010694~~247832 0.~~00000000~~000000 ~~890~~811.~~74310467~~697458 I-M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~38801013~~387711 0.~~00000000~~000000 ~~890~~811.~~74310427~~697459 I-M-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~41169577~~408694 0.~~00000000~~000000 ~~890~~811.~~74310379~~697459 I-B-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~90119509~~842321 0.~~00000000~~000000 ~~890~~811.~~74310421~~697458 I-B-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~98014763~~912260 0.~~00000000~~000000 ~~890~~811.~~74310369~~697459 I-B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~33542865~~226990 0.~~00000000~~000000 ~~890~~811.~~74310413~~697458 II-A-1 0.~~00000000~~000000 0.~~00000000~~000000 43.~~02852399~~843160 0.~~00000000~~000000 ~~911~~852.~~09434152~~895978 II-A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~16472554~~326164 0.~~00000000~~000000 ~~911~~852.~~09434174~~895979 II-M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~25194571~~406686 0.~~00000000~~000000 ~~911~~852.~~09434169~~895978 II-M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~40260026~~545772 0.~~00000000~~000000 ~~911~~852.~~09434154~~895978 II-M-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~42638779~~567732 0.~~00000000~~000000 ~~911~~852.~~09434096~~895977 II-B-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~83870334~~948389 0.~~00000000~~000000 ~~911~~852.~~09434185~~895979 II-B-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~91799436~~021593 0.~~00000000~~000000 ~~911~~852.~~09434214~~895978 II-B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~35409954~~424210 0.~~00000000~~000000 ~~911~~852.~~09434081~~895978 I-C 0.~~00000000~~000000 0.~~00000000~~000000 8672.~~24528814~~328855 0.~~00000000~~000000 999.~~94552505~~945525 II-C 0.~~00000000~~000000 0.~~00000000~~000000 ~~127~~109.~~23229044~~342892 0.~~00000000~~000000 999.~~84228632~~842286 I-P 0.~~00000000~~000000 0.~~00000000~~000000 ~~153271~~0.~~80000000~~000000 0.~~00000000~~000000 1000.~~00000000~~000000 II-P 0.~~00000000~~000000 0.~~00000000~~000000 ~~68034~~725186.~~50000000~~600000 0.~~00000000~~000000 1000.~~00000000~~000000 I-R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R 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~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~14,163,717.61~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 139,845.49 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 14,303,563.10 Withdrawals Reimbursement for Servicer Advances 134,397.40 Payment of Service Fee 107,604.16 Payment of Interest and Principal 14,061,561.54 Total Withdrawals (Pool Distribution Amount) 14,303,563.10 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~107~~100,~~604~~017.1609 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~107~~100,~~604~~017.1609 *Servicer Payees include: EMC MTG CORP; GREENPOINT MTG FUNDING, INC; HSBC BANK USA, NA; PHH US MTG CORP; WACHOVIA MORTGAGE CORPORATION; WATERFIELD MTG CORP

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 100.00 0.00 0.00 100.00 Reserve Fund 100.00 0.00 0.00 100.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Fixed ~~REO~~30 ~~Total~~Year NoWeighted ofAverage ~~Loans~~Gross NoCoupon of6.428007% ~~Loans~~Weighted NoAverage ofNet ~~Loans~~Coupon No6.178007% ofWeighted ~~Loans~~Average ~~No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0~~Pass-29Through ~~Days~~Rate ~~3 0 0 3 324,031~~6.09171030% ~~0.00~~Weighted ~~0.00~~Average ~~324,031.09~~Remaining 30Term ~~Days~~349 59Beginning 0Scheduled 0Collateral 0Loan 59Count 142,~~919,284.79~~237 ~~0.00~~Number ~~0.00~~Of ~~0.00~~Loans ~~14,919,284.79~~Paid 60In ~~Days~~Full 1959 1Ending 0Scheduled 0Collateral 20Loan ~~3,865,922.71~~Count ~~98,727.18 0.00 0.00 3,964,649.89 90 Days 6~~ 2 ~~2 0 10 1~~,~~291,944.28~~178 ~~684,516.76~~Beginning ~~213,570.24~~Scheduled ~~0.00~~Collateral ~~2,190,031.28~~Balance ~~120 Days 1 1 1 0 3 75~~480,~~900.00 143~~082,~~347.69 510,764.37 0.00 730,~~012.0666 ~~150~~Ending ~~Days~~Scheduled 2Collateral 1Balance ~~0 0 3 982~~465,~~523.27 143~~108,~~567~~551.7604 ~~0.00~~Ending ~~0.00~~Actual ~~1,126,091.03~~Collateral ~~180+~~Balance ~~Days~~at 030-Nov-2005 ~~0 0 1 1 0.00 0.00 0.00 59~~465,~~853.28 59~~373,~~853~~569.2815 ~~Totals~~Monthly 87P&I 8Constant ~~3 1 99 21~~2,~~135~~844,~~575~~369.0550 ~~1,394,190.48~~Special ~~724,334.61~~Servicing ~~59,853.28~~Fee ~~23,313,953.42 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~~.~~127768%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.127768%~~Waived ~~0.064117%~~Amount 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.064117%~~Penalty 30Waived ~~Days~~Count ~~2.512777%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~2.512777%~~Paid ~~2.952132%~~Amount 072,518.~~000000%~~66 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~2.952132%~~Paid 60Count ~~Days~~Not ~~0.809199%~~Available ~~0.042589%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount 0.~~851789%~~00 ~~0.764964%~~Cumulative ~~0.019535%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 ~~0.784499%~~Scheduled 90Principal ~~Days 0~~272,727.~~255537%~~20 ~~0.085179%~~Unscheduled ~~0.085179%~~Principal 014,700,734.000000% 0.425894% 0.255642% 0.135448% 0.042260% 0.000000% 0.433349% 120 Days 0.042589% 0.042589% 0.042589% 0.000000% 0.127768% 0.015019% 0.028365% 0.101067% 0.000000% 0.144450% 150 Days 0.085179% 0.042589% 0.000000% 0.000000% 0.127768% 0.194415% 0.028408% 0.000000% 0.000000% 0.222824% 180+ Days 0.000000% 0.000000% 0.000000% 0.042589% 0.042589% 0.000000% 0.000000% 0.000000% 0.011843% 0.011843% Totals 3.705281% 0.340716% 0.127768% 0.042589% 4.216354% 4.182171% 0.275873% 0.143327% 0.011843% 4.613214%42

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group 1 NoGroup of2 ~~Loans~~Total NoCollateral ofDescription ~~Loans~~Mixed NoARM ofMixed ~~Loans~~ARM NoFixed of30 ~~Loans~~Year NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance~~6.345073 ~~Principal~~6.577322 ~~Balance~~6.428007 ~~Principal~~Weighted ~~Balance~~Average ~~Principal~~Net ~~Balance~~Rate ~~Principal Balance 0-29 Days 0 0 0 0 0~~6.00095073 06.00327322 06.00178007 ~~0.00~~Weighted 30Average ~~Days~~Remaining 41Term 0349 0349 0349 41Beginning ~~11,443,609.88~~Loan ~~0.00~~Count ~~0.00~~1,414 ~~0.00~~823 112,~~443,609.88~~237 60Loans ~~Days~~Paid 13In 1Full 042 017 1459 ~~2,938,016.73~~Ending ~~98,727.18~~Loan ~~0.00~~Count ~~0.00 3~~1,~~036,743.91~~372 90806 ~~Days 5~~ 2,178 2Beginning 0Scheduled 9Balance ~~893~~308,~~541.73 684~~647,~~516~~778.7640 ~~213~~171,~~570~~434,234.2426 ~~0.00 1~~480,~~791~~082,~~628~~012.7366 ~~120~~Ending ~~Days~~Scheduled 0Balance ~~1 1 0 2 0.00 143~~298,~~347.69 510~~613,~~764~~425.3743 ~~0.00 654~~166,~~112.06 150 Days 0 1 0 0 1 0.00 143~~495,~~567~~125.7661 ~~0.00 0.00 143~~465,~~567~~108,551.7604 ~~180+~~Record ~~Days~~Date 011/30/2005 011/30/2005 011/30/2005 0Principal 0And ~~0.00~~Interest ~~0.00~~Constant ~~0.00 0.00 0.00 Totals 59 5 3 0 67 15~~1,~~275~~777,~~168~~232.3449 1,~~070~~067,~~159~~137.3901 ~~724~~2,~~334.61 0.00 17~~844,~~069,662~~369.3450 ~~0-29~~Scheduled ~~Days~~Principal 0145,238.~~000000%~~70 0127,488.~~000000%~~50 0272,727.~~000000%~~20 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 09,889,114.~~000000%~~27 04,811,620.~~000000%~~15 014,700,734.~~000000%~~42 30Scheduled ~~Days~~Interest 21,631,993.~~747989%~~79 0939,648.~~000000%~~51 ~~0.000000% 0.000000%~~ 2,571,642.~~747989%~~30 ~~3.494111%~~Servicing ~~0.000000%~~Fee 064,301.~~000000%~~62 035,715.~~000000%~~47 3100,017.~~494111%~~09 60Master ~~Days~~Servicing ~~0.871314%~~Fee 0.~~067024%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.938338%~~Trustee ~~0.897073%~~Fee 0.~~030145%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.927218%~~FRY 90Amount ~~Days~~ 0.~~335121%~~00 0.134048% 0.134048% 0.000000% 0.603217% 0.272828% 0.209005% 0.065210% 0.000000% 0.547043% 120 Days 0.000000% 0.067024% 0.067024% 0.000000% 0.134048% 0.000000% 0.043769% 0.155953% 0.000000% 0.199722% 150 Days 0.000000% 0.067024% 0.000000% 0.000000% 0.067024% 0.000000% 0.043836% 0.000000% 0.000000% 0.043836% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.954424% 0.335121% 0.201072% 0.000000% 4.490617% 4.664012% 0.326755% 0.221163% 0.000000% 5.211930% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 324,031.09 0.00 0.00 ~~324,031.09~~Special 30Hazard ~~Days~~Fee 18 0 ~~0 0 18 3,475,674~~.~~91 0.~~00 0.00 0.00 ~~3,475,674.91~~Other 60Fee ~~Days 6~~ 0 ~~0 0 6 927,905~~.~~98 0.~~00 02,791.0049 ~~0.00 927~~2,~~905~~791.9849 90Pool ~~Days~~Insurance 1Fee 0 ~~0 0 1 398,402~~.~~55 0.~~00 0.00 0.00 ~~398,402.55~~Spread ~~120 Days~~ 1 0 ~~0 0 1 75,900~~.00 0.00 0.00 ~~0.00~~Spread ~~75,900.00 150 Days~~ 2 0 ~~0 0 2 982,523~~.~~27 0.~~00 0.00 0.00 ~~982,523.27~~Spread ~~180+~~3 ~~Days~~ 0 ~~0 0 1 1 0~~.00 0.00 0.00 ~~59,853.28~~Net ~~59,853.28~~Interest ~~Totals 28 3 0~~ 1 ~~32 5~~,~~860~~567,~~406~~692.7117 ~~324~~901,~~031~~141.0955 ~~0.00 59~~2,~~853.28 6~~468,~~244,291~~833.0872 ~~0-29~~Realized ~~Days~~Loss ~~0.350467%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~350467%~~00 ~~0.182181%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~182181%~~00 ~~30 Days 2.102804%~~ 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Percentage ~~2.102804%~~of ~~1.954142%~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~0000 0.~~000000%~~0000 ~~1.954142% 60 Days~~ 0.~~700935%~~0000 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.700935%~~Amount 0.~~521700%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.521700%~~Penalty 90Waived ~~Days~~Count 0~~.116822%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.116822%~~Penalty ~~0.223995%~~Paid ~~0.000000%~~Amount 0.~~000000%~~00 072518.~~000000%~~66 072518.~~223995%~~66 ~~120~~Prepayment ~~Days~~Penalty ~~0.116822%~~Paid ~~0.000000%~~Count 0~~.000000%~~ ~~0.000000%~~Not ~~0.116822%~~Available ~~0.042674%~~Not ~~0.000000%~~Available ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.042674%~~Fee ~~150 Days~~ 0.~~233645%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through ~~0.233645%~~Rate 06.~~552408%~~095073 06.~~000000%~~307783 06.000000% 0.000000% 0.552408% 180+ Days 0.000000% 0.000000% 0.000000% 0.116822% 0.116822% 0.000000% 0.000000% 0.000000% 0.033652% 0.033652% Totals 3.271028% 0.350467% 0.000000% 0.116822% 3.738318% 3.294919% 0.182181% 0.000000% 0.033652% 3.510752%171030

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Deal ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~3 ~~0.00~~Month ~~Principal~~Rolling ~~Balance~~Average ofDelinquency ~~Contaminated Properties~~ 0.~~00 Periodic Advance 139,845.49~~025933%

~~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 Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 4 0 0 4 372,574.87 0.00 ~~Nov-04~~ 0.~~000%~~00 ~~Current~~372,574.87 ~~Principal~~30 ~~Balance~~Days 0 0 0 0 0 0.00 ~~Dec-04~~0.00 0.~~000%~~00 ~~Jan-05~~0.00 0.~~000%~~00 ~~Current~~60 ~~REO~~Days ~~Total~~29 ~~Feb-05~~0 0 0 29 6,273,160.~~000%~~08 ~~Loans~~0.00 in0.00 ~~REO~~0.00 6,273,160.08 90 Days 12 1 ~~Mar-05~~0 0 13 3,599,413.~~000%~~56 ~~Original~~98,561.58 ~~Principal~~0.00 ~~Balance~~0.00 593,~~900~~697,975.0014 ~~Apr-05~~120 Days 6 0~~.000%~~ ~~Current~~0 ~~Principal~~0 ~~Balance~~6 591,~~853~~834,891.2808 ~~May-05~~ 0.~~000%~~00 ~~Jun-05~~ 0.~~000%~~00 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~1,834,891.08 150 Days 3 0~~.012%~~ ~~Sep-05~~2 0~~.012%~~ *The5 ~~text~~957,539.83 ~~reported~~0.00 in247,000.00 ~~the~~0.00 ~~above~~1,204,539.83 ~~table~~180+ isDays ~~presented~~1 ~~graphically~~3 on6 ~~the~~1 ~~monthly~~11 ~~bond~~559,186.79 ~~remittance~~878,337.21 ~~report~~808,539.21 ~~The~~59,853.28 ~~monthly~~2,305,916.49 ~~bond~~Totals ~~remittance~~51 ~~report~~8 ~~can~~8 be1 ~~viewed~~68 ~~online~~13,224,191.34 at1,349,473.66 ~~www~~1,055,539.~~ctslink~~21 59,853.~~com~~28 15,689,057.49 ~~Group~~No 1of 12Loans ~~Month~~No ~~REO~~of History*Loans ~~New~~No ~~REO~~of Loans ~~Month~~No ~~REO~~of ~~Percentage~~ Loans inNo ~~REO~~of 0Loans ~~Oct-04~~Principal ~~0.000%~~Balance ~~Original~~ Principal Balance ~~0.00~~Principal ~~Nov-04~~Balance ~~0.000%~~Principal ~~Current~~Balance Principal Balance 0~~.00 Dec~~-0429 Days 0.~~000~~183655% ~~Jan-05~~0.000000% 0.~~000~~000000% ~~Current~~0.183655% ~~REO~~0.080059% ~~Total~~0.000000% ~~Feb-05~~0.000000% 0.~~000~~080059% ~~Loans~~30 inDays ~~REO~~ 0.000000% ~~Mar-05~~ 0.~~000~~000000% ~~Original Principal Balance~~ 0.00000000% ~~Apr-05~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00000000% ~~May-05~~ 0.~~000~~000000% ~~Jun-05~~ 0.~~000~~000000% ~~Jul-05~~ 0.~~000~~000000% ~~Aug-05~~ 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~000000% *The60 ~~text~~Days ~~reported~~1.331497% in0.000000% ~~the~~0.000000% ~~above~~0.000000% ~~table~~1.331497% is1.347984% ~~presented~~0.000000% ~~graphically~~0.000000% on0.000000% ~~the~~1.347984% ~~monthly~~90 ~~bond~~Days ~~remittance~~0.550964% ~~report~~0.045914% ~~The~~0.000000% ~~monthly~~0.000000% ~~bond~~0.596878% ~~remittance~~0.773446% ~~report~~0.021179% ~~can~~0.000000% be0.000000% ~~viewed~~0.794625% ~~online~~120 atDays ~~www~~0.~~ctslink~~275482% 0.~~com~~000000% 0.000000% ~~Group~~0.000000% 20.275482% 120.394283% ~~Month~~0.000000% ~~REO~~0.000000% History*0.000000% ~~New~~0.394283% ~~REO~~150 ~~Loans~~Days ~~Month~~0.137741% ~~REO~~0.000000% ~~Percentage~~0.091827% ~~Loans in REO~~ 0.000000% ~~Oct-04~~ 0.~~000~~229568% ~~Original Principal Balance~~ 0.00205757% ~~Nov-04~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00053076% ~~Dec-04~~ 0.~~000~~000000% ~~Jan-05~~ 0.~~000~~258833% ~~Current~~180+ ~~REO~~Days ~~Total Feb-05~~ 0.~~000~~045914% ~~Loans in REO 1 Mar-05~~ 0.~~000~~137741% ~~Original Principal Balance 59,900~~0.00275482% ~~Apr-05~~ 0.~~000~~045914% ~~Current Principal Balance 59,853~~0.28505051% ~~May-05~~ 0.~~000~~120159% ~~Jun-05~~ 0.~~000~~188738% ~~Jul-05~~ 0.~~000~~173740% ~~Aug-05~~ 0.~~033~~012861% ~~Sep-05~~ 0.~~034~~495498% *TheTotals ~~text~~2.341598% ~~reported~~0.367309% in0.367309% ~~the~~0.045914% ~~above~~3.122130% ~~table~~2.841629% is0.289976% ~~presented~~0.226815% ~~graphically on the monthly bond remittance report~~0.012861% ~~The monthly bond remittance report can be viewed online at www~~3.~~ctslink.com.~~371282%

REO Detail - All Mortgage Loans in REO during Current Period

REO Loan Detail - All Mortgage Loans in REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 2 0040208979 59,853.28 01-Jan-2005 710 7.250% 23,~~087~~127.3721

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 30 ~~Oct~~Jan-0405 0.000% Original Principal Balance ~~726,416~~0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance ~~724,334~~0.6100 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 38 ~~Mar~~Jun-05 0.~~000~~011% Original Principal Balance ~~726~~1,~~416~~056,616.00 ~~Apr~~Jul-05 0.~~000~~011% Current Principal Balance ~~724~~1,~~334~~055,539.6121 ~~May~~Aug-05 0.~~000~~028% ~~Jun~~Sep-05 0.~~011~~143% ~~Jul~~Oct-05 0.~~011~~292% ~~Aug~~Nov-05 0.~~028~~220% ~~Sep~~Dec-05 0.~~143~~227% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 30 ~~Oct~~Jan-0405 0.000% Original Principal Balance ~~726,416~~0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance ~~724,334~~0.6100 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 37 ~~Mar~~Jun-05 0.000% Original Principal Balance ~~726~~980,~~416~~716.00 ~~Apr~~Jul-05 0.000% Current Principal Balance ~~724~~979,~~334~~639.6121 ~~May~~Aug-05 0.~~000~~043% ~~Jun~~Sep-05 0.~~000~~221% ~~Jul~~Oct-05 0.~~000~~428% ~~Aug~~Nov-05 0.~~043~~317% ~~Sep~~Dec-05 0.~~221~~328% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~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 Total ~~Feb~~May-05 0.000% Loans in Foreclosure 01 ~~Mar~~Jun-05 0.~~000~~032% Original Principal Balance 075,900.00 ~~Apr~~Jul-05 0.~~000~~033% Current Principal Balance 075,900.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.~~032~~000% ~~Jul~~Oct-05 0.~~033~~044% ~~Aug~~Nov-05 0.~~000~~044% ~~Sep~~Dec-05 0.~~000~~046% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group 1 ~~0002338260~~0002283443 ~~Sep~~Oct-2005 01-~~Feb~~Jan-2005 CACO 80.00 ~~512~~132,000.00 Group 1 0002305699 Oct-2005 01-Dec-2004 IN 80.00 53,600.00 Group 1 0002307655 Nov-2005 01-Dec-2004 TN 95.00 81,700.00 Group 1 0002337465 Oct-2005 01-Feb-2005 CA 79.63 333,700.00 Group 1 0002339698 Sep-2005 01-Mar-2005 CA 80.00 124,000.00 Group 1 0002340066 Nov-2005 01-Feb-2005 NV 95.00 165,300.00 Group 1 0002342194 Sep-2005 01-Mar-2005 IN 80.00 90,416.00 Group 2 0000819253 Oct-2005 01-Mar-2005 MO 79.98 75,900.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 1 ~~0002338260~~0002283443 ~~510~~132,~~764~~000.3700 01-~~Apr~~May-2005 46 6.875% 5,830.00 Group 1 0002305699 53,368.97 01-May-2005 6 7.~~125~~750% 172,~~535~~663.8747 Group 1 0002307655 81,700.00 01-Jun-2005 5 6.250% 2,859.50 Group 1 0002337465 333,700.00 01-May-2005 6 6.250% 13,348.00 Group 1 0002339698 123,363.07 01-May-2005 36 6.500% 35,~~212~~131.6608 Group 1 0002340066 165,300.00 01-Jun-2005 5 6.375% 5,906.04 Group 1 0002342194 90,207.17 01-May-2005 36 7.375% 4,276.44 Group 2 0000819253 75,~~675~~900.9400 01-Apr-2005 7 7.625% 4,198.23

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Fixed~~History* 30New ~~Year~~Bankruptcy ~~Weighted~~Loans ~~Average~~Month ~~Gross~~Bankruptcy ~~Coupon~~Percentage 6Loans in Bankruptcy 1 Jan-05 0.~~438591~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~50,000.00 6Feb-05 0.~~188591~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 49,414.09 Mar-~~Through~~05 ~~Rate~~0.000% 6Apr-05 0.~~181778~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~351~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~8 ~~Count~~Jun-05 20.021% Original Principal Balance 1,~~394~~356,654.00 ~~Number~~Jul-05 Of0.088% Current Principal Balance 1,349,473.66 Aug-05 0.090% Sep-05 0.276% Oct-05 0.283% Nov-05 0.271% Dec-05 0.290% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Bankruptcy History* New Bankruptcy Loans ~~Paid~~Month InBankruptcy ~~Full~~Percentage 46Loans ~~Ending~~in ~~Scheduled~~Bankruptcy ~~Collateral~~0 ~~Loan~~Jan-05 ~~Count~~0.000% ~~2,348~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Feb-05 0.000% Current Principal Balance ~~516,499,965~~0.1700 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 4 Jun-05 0.000% Original Principal Balance ~~505~~979,~~121,274~~834.8900 ~~Ending~~Jul-05 ~~Actual~~0.041% ~~Collateral~~Current Principal Balance at976,898.79 ~~31-~~Aug-~~2005~~05 ~~505,373,309~~0.84043% ~~Monthly~~Sep-05 ~~P&I~~0.327% ~~Constant~~Oct-05 ~~3,060,660~~0.18336% ~~Special~~Nov-05 ~~Servicing~~0.316% ~~Fee~~Dec-05 0.00327% ~~Prepayment~~*The ~~Penalties~~text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 1 Jan-05 0.000% Original Principal Balance 50,000.00 ~~Realized~~Feb-05 ~~Loss~~0.000% ~~Amount~~Current Principal Balance 49,414.09 Mar-05 0.00000% ~~Cumulative~~Apr-05 ~~Realized~~0.000% ~~Loss~~Current Bankruptcy Total May-05 0.00000% ~~Scheduled~~Loans in Bankruptcy 4 Jun-05 0.060% Original Principal ~~289~~Balance 376,~~383~~820.4100 ~~Unscheduled~~Jul-05 0.177% Current Principal 11Balance 372,~~089,306~~574.87 Aug-05 0.180% Sep-05 0.182% Oct-05 0.186% Nov-05 0.189% Dec-05 0.224% *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.

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail 3- All Mortgage Loans in Bankruptcy during Current Period Group Loan Month ~~Rolling~~Loan ~~Average~~First ~~Delinquency~~State 0LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance Group 1 0002196866 Jul-2005 01-Dec-2004 MI 85.~~012049%~~62 143,862.00 Group 1 0002282609 Sep-2005 01-Jan-2005 OR 80.00 144,000.00 Group 1 0002339023 Sep-2005 01-Mar-2005 MN 78.02 593,000.00 Group 1 0002342378 Sep-2005 01-Apr-2005 GA 90.00 98,972.00 Group 2 0078151156 Jul-2005 01-Sep-2004 OH 80.00 130,400.00 Group 2 0078654050 Jun-2005 01-Jan-2005 MO 90.00 112,500.00 Group 2 0090059039 Dec-2005 01-Jan-2005 FL 54.34 50,000.00 Group 2 0204751331 Jul-2005 01-Dec-2004 FL 80.00 83,920.00

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Group~~Loans 1in ~~Group~~Bankruptcy 2during ~~Total~~Current ~~Collateral~~Period ~~Description~~(continued) ~~Mixed~~Group ~~ARM Mixed ARM Fixed 30 Year Weighted Average Coupon Rate 6.355656 6.594127 6.438591 Weighted Average Net Rate 6.105656 6.344127 6.188591 Weighted Average Maturity 352 351 351 Beginning~~ Loan ~~Count~~Current ~~1,528~~Paid ~~866~~To ~~2,394~~Months ~~Loans~~Current ~~Paid~~Approximate InNumber ~~Full~~Principal 36Date 10Delinquent ~~46 Ending~~ Loan ~~Count~~Rate ~~1,492~~Delinquent ~~856 2,348 Beginning Scheduled~~ Balance ~~336,872,296.93~~Interest ~~179,627,668.24~~Group ~~516,499,965.17~~1 ~~Ending~~0002196866 ~~Scheduled Balance 327~~143,~~371,575~~347.2169 ~~177,749,699.68 505,121,274.89 Record Date 08/31/~~01-Apr-2005 ~~08/31/2005~~7 ~~08/31/2005 Principal And Interest Constant 1,942,597~~7.81750% 18,~~118,062~~045.37 ~~3,060,660.18~~Group ~~Scheduled~~1 ~~Principal~~0002282609 ~~158~~143,~~394~~567.1476 ~~130,989.27~~01-Mar-2005 ~~289,383.41~~8 ~~Unscheduled Principal 9,342,327~~6.58000% 16,~~746,979~~165.2997 ~~11,089,306.87~~Group ~~Scheduled Interest~~ 1~~,784,203.67~~ ~~987,073.10~~0002339023 2591,~~771,276~~421.7776 ~~Servicing~~01-May-2005 ~~Fees~~6 ~~70,181~~6.73625% 3725,~~422~~078.4335 ~~107,604.16~~Group ~~Master~~1 ~~Servicing~~0002342378 ~~Fees 0~~98,561.0058 ~~0.00~~01-Aug-2005 ~~0.00~~3 ~~Trustee Fee 0~~7.00000% 02,769.0069 ~~0.00~~Group ~~FRY~~2 ~~Amount~~0078151156 ~~0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 2~~129,~~932~~090.3288 ~~2,932.32~~01-Nov-2005 ~~Pool Insurance Fee~~ 0~~.00~~ 08.00250% ~~0.00 Spread~~ 1 0,721.0083 ~~0.00~~Group ~~0.00 Spread~~ 2 ~~0.00~~0078654050 0111,156.0067 ~~0.00~~01-Nov-2005 ~~Spread 3~~ 0~~.00~~ 08.00250% ~~0.00 Net Interest~~ 1,~~714,021~~483.9497 ~~946,718.35~~Group 2~~,660,740.29~~ ~~Realized~~0090059039 ~~Loss Amount 0~~49,414.0009 ~~0.00~~01-Dec-2005 ~~0.00~~(1) ~~Cumulative Realized Loss 0~~6.00250% 0247.0032 ~~0.00~~Group ~~Percentage~~2 of0204751331 ~~Cumulative Losses 0~~82,913.~~0000~~23 ~~0.0000~~01-Nov-2005 0~~.0000~~ ~~Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate~~ 6.~~105656~~125% 6812.~~324538 6.181778~~28

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Group 1 36 9,360,238.00 9,311,862.82 0 0.00 0.00 Group 2 10 1,745,294.00 1,734,473.29 0 0.00 0.00 Total 46 11,105,532.00 11,046,336.11 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Group 1 0 0.00 0.00 0 0.00 0.00 36,611.47 Group 2 0 0.00 0.00 0 0.00 0.00 13,837.57 Total 0 0.00 0.00 0 0.00 0.00 50,449.04

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 0002235784 AZ 95.00 01-Dec-2004 124,598.00 123,637.37 Group 1 0002237394 AZ 80.00 01-Dec-2004 300,000.00 296,036.54 Group 1 0002238040 AZ 80.00 01-Apr-2005 85,200.00 85,200.00 Group 1 0002280642 WA 80.00 01-Mar-2005 145,080.00 144,946.47 Group 1 0002281219 CO 80.00 01-Dec-2004 184,000.00 183,999.85 Group 1 0002282247 WA 80.00 01-Dec-2004 119,680.00 119,678.08 Group 1 0002282304 CA 65.00 01-Dec-2004 312,000.00 312,000.00 Group 1 0002282468 CA 80.00 01-Dec-2004 136,000.00 134,790.48 Group 1 0002285094 CA 80.00 01-Mar-2005 186,400.00 185,137.47 Group 1 0002285850 TX 80.00 01-Apr-2005 221,432.00 220,154.82 Group 1 0002306818 MD 44.40 01-Jan-2005 615,000.00 609,886.48 Group 1 0002307529 NJ 57.40 01-Jan-2005 143,500.00 143,500.00 Group 1 0002329399 CA 79.97 01-Dec-2004 444,000.00 439,125.07 Group 1 0002331624 ID 79.98 01-Dec-2004 124,850.00 123,578.75 Group 1 0002332259 CA 55.11 01-Dec-2004 372,000.00 368,212.22 Group 1 0002332790 CA 69.97 01-Dec-2004 699,000.00 692,442.27 Group 1 0002333133 MA 36.83 01-Dec-2004 130,000.00 128,718.61 Group 1 0002333243 MD 80.00 01-Dec-2004 208,000.00 206,026.79 Group 1 0002334298 WA 69.72 01-Jan-2005 369,500.00 366,042.28 Group 1 0002335225 MD 67.30 01-Jan-2005 212,000.00 211,999.35 Group 1 0002335325 MA 50.34 01-Feb-2005 287,000.00 284,833.46 Group 1 0002336461 CA 62.38 01-Jan-2005 302,550.00 302,392.10 Group 1 0002337931 CT 68.73 01-Mar-2005 200,000.00 198,702.50 Group 1 0002338489 CA 80.00 01-Mar-2005 148,800.00 148,799.97 Group 1 0002338524 CA 76.20 01-Feb-2005 195,100.00 195,100.00 Group 1 0002338982 FL 80.00 01-Feb-2005 299,022.00 297,161.78 Group 1 0002339379 CA 78.83 01-Feb-2005 366,556.00 363,755.56 Group 1 0002339456 FL 90.00 01-Feb-2005 117,000.00 116,999.98 Group 1 0002339658 NJ 80.00 01-Mar-2005 180,000.00 178,896.66 Group 1 0002339995 CA 80.00 01-Mar-2005 624,000.00 619,528.83 Group 1 0002340090 WV 80.00 01-Mar-2005 183,520.00 182,395.09 Group 1 0002340222 MD 78.51 01-Feb-2005 519,000.00 519,000.00 Group 1 0002340458 AZ 80.00 01-Mar-2005 316,000.00 315,871.63 Group 1 0002340991 ME 80.00 01-Mar-2005 128,000.00 127,958.90 Group 1 0002340999 AZ 94.97 01-Mar-2005 149,450.00 148,639.10 Group 1 0002342156 CA 73.09 01-Mar-2005 212,000.00 210,567.65 Group 2 0000134391 WV 80.00 01-Feb-2005 44,800.00 44,500.12 Group 2 0004110129 SC 80.00 01-Feb-2005 76,000.00 76,000.00 Group 2 0012151714 GA 100.00 01-Jan-2005 137,000.00 136,011.42 Group 2 0090044653 MD 75.00 01-Dec-2004 206,250.00 204,339.36 Group 2 0110111124 FL 80.00 01-Jan-2005 118,707.00 117,621.89 Group 2 0132027566 FL 95.00 01-Jan-2005 136,087.00 135,131.80 Group 2 0142881762 FL 80.00 01-Oct-2004 192,800.00 190,737.50 Group 2 0142934686 OR 80.00 01-Dec-2004 192,400.00 192,400.00 Group 2 0204745322 MN 95.00 01-Jan-2005 253,650.00 251,331.42 Group 2 0770055327 NY 95.00 01-Feb-2005 387,600.00 385,068.21

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0002235784 Loan Paid in Full 0 7.500% 360 9 Group 1 0002237394 Loan Paid in Full 0 6.250% 360 9 Group 1 0002238040 Loan Paid in Full 0 6.375% 360 5 Group 1 0002280642 Loan Paid in Full 1 6.250% 360 6 Group 1 0002281219 Loan Paid in Full 0 6.000% 360 9 Group 1 0002282247 Loan Paid in Full 0 6.750% 360 9 Group 1 0002282304 Loan Paid in Full 0 6.250% 360 9 Group 1 0002282468 Loan Paid in Full 1 6.750% 360 9 Group 1 0002285094 Loan Paid in Full 0 6.250% 360 6 Group 1 0002285850 Loan Paid in Full 0 6.250% 360 5 Group 1 0002306818 Loan Paid in Full 0 6.500% 360 8 Group 1 0002307529 Loan Paid in Full 0 6.500% 360 8 Group 1 0002329399 Loan Paid in Full 0 6.250% 360 9 Group 1 0002331624 Loan Paid in Full 0 6.000% 360 9 Group 1 0002332259 Loan Paid in Full 0 6.000% 360 9 Group 1 0002332790 Loan Paid in Full 0 6.625% 360 9 Group 1 0002333133 Loan Paid in Full 0 6.500% 360 9 Group 1 0002333243 Loan Paid in Full 0 6.375% 360 9 Group 1 0002334298 Loan Paid in Full 0 5.875% 360 8 Group 1 0002335225 Loan Paid in Full 0 6.250% 360 8 Group 1 0002335325 Loan Paid in Full 0 6.375% 360 7 Group 1 0002336461 Loan Paid in Full 0 6.250% 360 8 Group 1 0002337931 Loan Paid in Full 0 6.625% 360 6 Group 1 0002338489 Loan Paid in Full 0 6.125% 360 6 Group 1 0002338524 Loan Paid in Full 0 5.875% 360 7 Group 1 0002338982 Loan Paid in Full 0 7.375% 360 7 Group 1 0002339379 Loan Paid in Full 1 6.375% 360 7 Group 1 0002339456 Loan Paid in Full 1 7.750% 360 7 Group 1 0002339658 Loan Paid in Full 0 6.750% 360 6 Group 1 0002339995 Loan Paid in Full 0 6.125% 360 6 Group 1 0002340090 Loan Paid in Full 0 6.750% 360 6 Group 1 0002340222 Loan Paid in Full 1 6.375% 360 7 Group 1 0002340458 Loan Paid in Full 0 7.500% 360 6 Group 1 0002340991 Loan Paid in Full (1) 7.000% 360 6 Group 1 0002340999 Loan Paid in Full 0 7.375% 360 6 Group 1 0002342156 Loan Paid in Full (1) 6.500% 360 6 Group 2 0000134391 Loan Paid in Full 2 7.000% 360 7 Group 2 0004110129 Loan Paid in Full 0 8.000% 360 7 Group 2 0012151714 Loan Paid in Full 2 7.500% 360 8 Group 2 0090044653 Loan Paid in Full 0 6.500% 360 9 Group 2 0110111124 Loan Paid in Full (1) 6.000% 360 8 Group 2 0132027566 Loan Paid in Full 0 7.375% 360 8 Group 2 0142881762 Loan Paid in Full 0 6.875% 360 11 Group 2 0142934686 Loan Paid in Full 0 6.250% 360 9 Group 2 0204745322 Loan Paid in Full 0 6.000% 360 8 Group 2 0770055327 Loan Paid in Full 3 7.125% 360 7

Summary SMM CPR PSA Current Month 2.148% Current Month 22.941% Current Month 1,581.925% 3 Month Average 2.151% 3 Month Average 22.970% 3 Month Average 1,863.997% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 7.810% N/A Apr-2005 1,697.364% N/A May-2005 15.225% N/A May-2005 2,318.563% N/A Jun-2005 19.168% N/A Jun-2005 2,242.973% N/A Jul-2005 22.422% N/A Jul-2005 2,129.190% N/A Aug-2005 23.546% N/A Aug-2005 1,880.877% N/A Sep-2005 22.941% N/A Sep-2005 1,581.925% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 SMM CPR PSA Current Month 2.775% Current Month 28.656% Current Month 2,019.535% 3 Month Average 2.574% 3 Month Average 26.856% 3 Month Average 2,228.149% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 8.197% N/A Apr-2005 1,908.433% N/A May-2005 12.716% N/A May-2005 2,028.840% N/A Jun-2005 16.640% N/A Jun-2005 2,014.893% N/A Jul-2005 26.090% N/A Jul-2005 2,550.492% N/A Aug-2005 25.823% N/A Aug-2005 2,114.420% N/A Sep-2005 28.656% N/A Sep-2005 2,019.535% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 0.973% Current Month 11.074% Current Month 734.473% 3 Month Average 1.354% 3 Month Average 15.029% 3 Month Average 1,179.150% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 7.077% N/A Apr-2005 1,366.912% N/A May-2005 19.771% N/A May-2005 2,771.349% N/A Jun-2005 23.770% N/A Jun-2005 2,613.542% N/A Jul-2005 14.947% N/A Jul-2005 1,346.482% N/A Aug-2005 19.068% N/A Aug-2005 1,456.497% N/A Sep-2005 11.074% N/A Sep-2005 734.473% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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~~0.000% N/A ~~Jan~~Apr-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~Jun~~Sep-2005 0.000% N/A ~~Jun~~Sep-2005 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~~0.000% N/A ~~Jan~~Apr-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~Jun~~Sep-2005 0.000% N/A ~~Jun~~Sep-2005 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. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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~~0.000% N/A ~~Jan~~Apr-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~Jun~~Sep-2005 0.000% N/A ~~Jun~~Sep-2005 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~~0.000% N/A ~~Jan~~Apr-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~Jun~~Sep-2005 0.000% N/A ~~Jun~~Sep-2005 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. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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~~0.000% N/A ~~Jan~~Apr-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~Jun~~Sep-2005 0.000% N/A ~~Jun~~Sep-2005 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~~0.000% N/A ~~Jan~~Apr-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~Apr~~Jul-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~May~~Aug-2005 0.000% N/A ~~Jun~~Sep-2005 0.000% N/A ~~Jun~~Sep-2005 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 · BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-AC2