8-K 1 bsa05ac3_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 Certificates, Series 2005-AC3 (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-38 Pooling and Servicing Agreement) (Commission 54-2173215 (State or other File Number) 54-2173216 jurisdiction 54-2173217 of Incorporation) 54-2176690 54-2176691 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 Certificates, Series 2005-AC3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-AC3 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 Certificates, Series 2005-AC3 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 Certificates, Series 2005-AC3 Trust, relating to the December 27, 2005 distribution. EX-99.1 Bear Stearns Asset Backed Securities Asset Backed Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2005-AC3 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 Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2005-AC3 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-1 073879XD5 ~~SEN~~ 4.~~14125~~69375% ~~142~~134,~~587~~164,~~677~~097.6106 ~~491~~524,~~490~~777.3728 I-A-2 073879XE3 ~~SEN 1~~0.~~35875~~80625% 0.00 ~~161~~90,~~258~~141.6950 I-M-1 073879XF0 ~~MEZ~~ 4.~~09125~~64375% 11,~~787~~090,~~237~~889.9623 4142,~~477~~919.2643 I-M-2 073879XG8 ~~MEZ~~ 4.~~29125~~84375% 1110,~~216~~554,~~826~~176.9106 4142,~~399~~601.5749 I-M-3 073879XH6 ~~MEZ~~ 4.~~34125~~89375% 54,~~133~~830,~~699~~418.4648 19,~~168~~699.4605 I-B-1 073879XJ2 ~~SUB 4~~5.~~84125~~39375% 4,~~562~~292,~~345~~818.5819 1819,~~997~~295.1232 I-B-2 073879XK9 ~~SUB 4~~5.~~99125~~54375% 4,~~372~~114,~~837~~505.1222 1819,~~772~~008.1816 I-B-3 073879XL7 ~~SUB~~ 5.~~34125~~89375% 3,~~611~~398,~~974~~591.7796 16,~~593~~692.1804 I-B-4 073879XM5 ~~SUB 6~~7.~~64125~~19375% 4,~~943~~651,~~248~~218.1738 2827,~~238~~883.8509 I-C 073879XR4 OC 0.00000% 2,017,245.00 ~~159~~135,~~555~~062.7498 I-P 073879XQ6 ~~SEN~~ 0.00000% 100.00 71,~~723~~213.2500 I-R-1 073879XN3 ~~RES~~ 0.00000% 0.00 0.00 I-R-2 073879XP8 ~~RES~~ 0.00000% 0.00 0.00 II-A-1 073879WQ7 ~~SEN~~ 5.25000% ~~145~~137,~~110~~337,~~779~~623.8451 ~~634~~600,~~859~~852.6610 II-A-2 073879WR5 ~~SEN~~ 5.25000% 5,~~441~~150,~~985~~474.9078 2322,~~808~~533.6933 II-A-3 073879WS3 ~~SEN 3~~4.~~99125~~54375% 4844,~~380~~563,~~835~~750.2989 ~~160~~168,~~916~~738.6779 II-A-4 073879WT1 ~~SEN 3~~2.~~50875~~95625% 0.00 ~~141~~109,~~463~~784.5566 II-X 073879WU8 ~~SEN~~ 0.~~02636~~02682% 0.00 7.7577 II-PO 073879WV6 ~~SEN~~ 0.00000% 1,~~148~~133,~~944~~965.4951 0.00 II-B-1 073879WW4 ~~SUB~~ 5.~~80274~~80300% 8,~~407~~392,~~622~~458.1642 40,~~656~~584.0156 II-B-2 073879WX2 ~~SUB~~ 5.~~80274~~80300% 2,~~017~~013,~~549~~911.8000 9,~~756~~738.0995 II-B-3 073879WY0 ~~SUB~~ 5.~~80274~~80300% 1,~~121~~119,~~082~~060.8489 5,~~421~~411.1260 II-B-4 073879XA1 ~~SUB~~ 5.~~80274~~80300% 1,~~121~~119,~~082~~060.8489 5,~~421~~411.1260 II-B-5 073879XB9 ~~SUB~~ 5.~~80274~~80300% ~~784~~783,~~658~~242.1697 3,~~794~~787.3064 II-B-6 073879XC7 ~~SUB~~ 5.~~80274~~80300% ~~561~~560,~~274~~400.3484 2,~~714~~710.1101 II-R-1 073879WZ7 ~~RES~~ 0.00000% 0.00 0.00 II-R-2 073879XS2 ~~RES~~ 0.00000% 0.00 0.00 II-R-3 073879XT0 ~~RES~~ 0.00000% 0.00 0.00 II-P 073879XU7 ~~SEN~~ 0.00000% 100.00 41,~~719~~894.0005 Totals ~~404~~381,~~329~~288,~~108~~109.2428 21,~~038~~910,~~212~~748.7440

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-1 2,~~420~~568,~~952~~581.6391 0.00 ~~140~~131,~~166~~595,~~724~~515.9915 23,~~912~~093,~~443~~359.0019 0.00 I-A-2 0.00 0.00 0.00 ~~161~~90,~~258~~141.6950 0.00 I-M-1 ~~200~~212,~~131~~335.9192 0.00 1110,~~587~~878,~~106~~553.0530 ~~241~~255,~~609~~255.1735 0.00 I-M-2 ~~190~~202,~~447~~060.0851 0.00 1110,~~026~~352,~~379~~115.8355 ~~231~~244,~~846~~662.6500 0.00 I-M-3 8792,~~163~~478.5273 0.00 54,~~046~~737,~~535~~939.9575 ~~106~~112,~~331~~177.9878 0.00 I-B-1 7782,~~462~~186.6733 0.00 4,~~484~~210,~~882~~631.9185 96101,~~459~~481.7965 0.00 I-B-2 7478,~~245~~772.0752 0.00 4,~~298~~035,~~592~~732.0570 9397,~~017~~780.2568 0.00 I-B-3 6165,~~326~~066.6230 0.00 3,~~550~~333,~~648~~525.1665 7781,~~919~~758.8034 0.00 I-B-4 8389,~~929~~047.9093 0.00 4,~~859~~562,~~318~~170.2745 ~~112~~116,~~168~~931.7502 0.00 I-C 0.00 0.00 2,017,245.00 ~~159~~135,~~555~~062.7498 0.00 I-P 0.00 0.00 100.00 71,~~723~~213.2500 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-A-1 21,~~743~~864,~~653~~314.9413 0.00 ~~142~~135,~~367~~473,~~125~~309.8938 32,~~378~~465,~~513~~166.6023 0.00 II-A-2 ~~102~~69,~~893~~916.2904 0.00 5,~~339~~080,~~092~~558.6173 ~~126~~92,~~701~~449.9837 0.00 II-A-3 1,~~417~~558,~~718~~109.3157 0.00 4643,~~963~~005,~~116~~641.9832 1,~~578~~726,~~634~~848.9836 0.00 II-A-4 0.00 0.00 0.00 ~~141~~109,~~463~~784.5566 0.00 II-X 0.00 0.00 0.00 7.7577 0.00 II-PO 21,~~295~~991.0987 0.00 1,~~146~~131,~~649~~973.4064 21,~~295~~991.0987 0.00 II-B-1 45,~~939~~249.7136 0.00 8,~~402~~387,~~682~~209.4506 45,~~595~~833.7292 0.00 II-B-2 1,~~185~~259.3767 0.00 2,~~016~~012,~~364~~651.4333 10,~~941~~998.4662 0.00 II-B-3 ~~658~~699.6796 0.00 1,~~120~~118,~~424~~360.1793 6,~~079~~111.7956 0.00 II-B-4 ~~658~~699.6796 0.00 1,~~120~~118,~~424~~360.1793 6,~~079~~111.7956 0.00 II-B-5 ~~461~~489.0191 0.00 ~~784~~782,~~197~~753.1507 4,~~255~~277.3155 0.00 II-B-6 ~~246~~322.9740 0.00 ~~561~~560,~~027~~078.3744 23,~~961~~032.0841 0.00 II-R-1 0.00 0.00 0.00 0.00 0.00 II-R-2 0.00 0.00 0.00 0.00 0.00 II-R-3 0.00 0.00 0.00 0.00 0.00 II-P 0.00 0.00 100.00 41,~~719~~894.0005 0.00 Totals 76,~~470~~893,~~370~~583.4302 0.00 ~~396~~374,~~858~~394,~~737~~526.8323 98,~~508~~804,~~583~~331.1742 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-1 151,234,000.00 ~~142~~134,~~587~~164,~~677~~097.6106 0.00 2,~~420~~568,~~952~~581.6391 0.00 0.00 I-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-M-1 12,502,000.00 11,~~787~~090,~~237~~889.9623 0.00 ~~200~~212,~~131~~335.9192 0.00 0.00 I-M-2 11,897,000.00 1110,~~216~~554,~~826~~176.9106 0.00 ~~190~~202,~~447~~060.0851 0.00 0.00 I-M-3 5,445,000.00 54,~~133~~830,~~699~~418.4648 0.00 8792,~~163~~478.5273 0.00 0.00 I-B-1 4,839,000.00 4,~~562~~292,~~345~~818.5819 0.00 7782,~~462~~186.6733 0.00 0.00 I-B-2 4,638,000.00 4,~~372~~114,~~837~~505.1222 0.00 7478,~~245~~772.0752 0.00 0.00 I-B-3 3,831,000.00 3,~~611~~398,~~974~~591.7796 0.00 6165,~~326~~066.6230 0.00 0.00 I-B-4 5,243,000.00 4,~~943~~651,~~248~~218.1738 0.00 8389,~~929~~047.9093 0.00 0.00 I-C 2,017,245.09 2,017,245.00 0.00 0.00 0.00 0.00 I-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-A-1 152,260,000.00 ~~145~~137,~~110~~337,~~779~~623.8451 9293,~~836~~127.7175 21,~~650~~771,~~817~~186.2439 0.00 0.00 II-A-2 5,710,098.00 5,~~441~~150,~~985~~474.9078 3,~~481~~492.5950 9966,~~411~~423.7054 0.00 0.00 II-A-3 51,412,546.00 4844,~~380~~563,~~835~~750.2989 20,~~664~~680.6485 1,~~397~~537,~~053~~428.6771 0.00 0.00 II-A-4 0.00 0.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 II-PO 1,171,356.00 1,~~148~~133,~~944~~965.4951 1,~~740~~750.5642 ~~554~~241.5245 0.00 0.00 II-B-1 8,422,000.00 8,~~407~~392,~~622~~458.1642 45,~~939~~249.7136 0.00 0.00 0.00 II-B-2 2,021,000.00 2,~~017~~013,~~549~~911.8000 1,~~185~~259.3767 0.00 0.00 0.00 II-B-3 1,123,000.00 1,~~121~~119,~~082~~060.8489 ~~658~~699.6796 0.00 0.00 0.00 II-B-4 1,123,000.00 1,~~121~~119,~~082~~060.8489 ~~658~~699.6796 0.00 0.00 0.00 II-B-5 786,000.00 ~~784~~783,~~658~~242.1697 ~~461~~489.0191 0.00 0.00 0.00 II-B-6 562,232.84 ~~561~~560,~~274~~400.3484 ~~246~~322.9740 0.00 0.00 0.00 II-R-1 50.00 0.00 0.00 0.00 0.00 0.00 II-R-2 50.00 0.00 0.00 0.00 0.00 0.00 II-R-3 50.00 0.00 0.00 0.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 426,237,827.93 ~~404~~381,~~329~~288,~~108~~109.2428 ~~126~~127,~~873~~772.9078 76,~~343~~765,~~496~~810.5324 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-1 2,~~420~~568,~~952~~581.6391 ~~140~~131,~~166~~595,~~724~~515.9915 0.~~92682019~~870145 2,~~420~~568,~~952~~581.6391 I-A-2 0.00 0.00 0.~~00000000~~000000 0.00 I-M-1 ~~200~~212,~~131~~335.9192 1110,~~587~~878,~~106~~553.0530 0.~~92682019~~870145 ~~200~~212,~~131~~335.9192 I-M-2 ~~190~~202,~~447~~060.0851 1110,~~026~~352,~~379~~115.8355 0.~~92682019~~870145 ~~190~~202,~~447~~060.0851 I-M-3 8792,~~163~~478.5273 54,~~046~~737,~~535~~939.9575 0.~~92682019~~870145 8792,~~163~~478.5273 I-B-1 7782,~~462~~186.6733 4,~~484~~210,~~882~~631.9185 0.~~92682019~~870145 7782,~~462~~186.6733 I-B-2 7478,~~245~~772.0752 4,~~298~~035,~~592~~732.0570 0.~~92682019~~870145 7478,~~245~~772.0752 I-B-3 6165,~~326~~066.6230 3,~~550~~333,~~648~~525.1665 0.~~92682019~~870145 6165,~~326~~066.6230 I-B-4 8389,~~929~~047.9093 4,~~859~~562,~~318~~170.2745 0.~~92682019~~870145 8389,~~929~~047.9093 I-C 0.00 2,017,245.00 01.~~99999996~~000000 0.00 I-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-A-1 21,~~743~~864,~~653~~314.9413 ~~142~~135,~~367~~473,~~125~~309.8938 0.~~93502644~~889750 21,~~743~~864,~~653~~314.9413 II-A-2 ~~102~~69,~~893~~916.2904 5,~~339~~080,~~092~~558.6173 0.~~93502644~~889750 ~~102~~69,~~893~~916.2904 II-A-3 1,~~417~~558,~~718~~109.3157 4643,~~963~~005,~~116~~641.9832 0.~~91345636~~836481 1,~~417~~558,~~718~~109.3157 II-A-4 0.00 0.00 0.~~00000000~~000000 0.00 II-X 0.00 0.00 0.~~00000000~~000000 0.00 II-PO 21,~~295~~991.0987 1,~~146~~131,~~649~~973.4064 0.~~97890769~~966379 21,~~295~~991.0987 II-B-1 45,~~939~~249.7136 8,~~402~~387,~~682~~209.4506 0.~~99770630~~995869 45,~~939~~249.7136 II-B-2 1,~~185~~259.3767 2,~~016~~012,~~364~~651.4333 0.~~99770630~~995869 1,~~185~~259.3767 II-B-3 ~~658~~699.6796 1,~~120~~118,~~424~~360.1793 0.~~99770630~~995869 ~~658~~699.6796 II-B-4 ~~658~~699.6796 1,~~120~~118,~~424~~360.1793 0.~~99770630~~995869 ~~658~~699.6796 II-B-5 ~~461~~489.0191 ~~784~~782,~~197~~753.1507 0.~~99770630~~995869 ~~461~~489.0191 II-B-6 ~~246~~322.9740 ~~561~~560,~~027~~078.3744 0.~~99785592~~996168 ~~246~~322.9740 II-R-1 0.00 0.00 0.~~00000000~~000000 0.00 II-R-2 0.00 0.00 0.~~00000000~~000000 0.00 II-R-3 0.00 0.00 0.~~00000000~~000000 0.00 II-P 0.00 100.00 1.~~00000000~~000000 0.00 Totals 76,~~470~~893,~~370~~583.4302 ~~396~~374,~~858~~394,~~737~~526.8323 0.~~93107348~~878370 76,~~470~~893,~~370~~583.4302

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ I-A-1 151,234,000.00 ~~942~~887.~~82818420~~129198 0.~~00000000~~000000 16.~~00799179~~984156 0.~~00000000~~000000 I-A-2 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-M-1 12,502,000.00 ~~942~~887.~~82818429~~129198 0.~~00000000~~000000 16.~~00799152~~984156 0.~~00000000~~000000 I-M-2 11,897,000.00 ~~942~~887.~~82818442~~129197 0.~~00000000~~000000 16.~~00799193~~984157 0.~~00000000~~000000 I-M-3 5,445,000.00 ~~942~~887.~~82818365~~129197 0.~~00000000~~000000 16.~~00799265~~984156 0.~~00000000~~000000 I-B-1 4,839,000.00 ~~942~~887.~~82818351~~129198 0.~~00000000~~000000 16.~~00799132~~984156 0.~~00000000~~000000 I-B-2 4,638,000.00 ~~942~~887.~~82818456~~129198 0.~~00000000~~000000 16.~~00799267~~984157 0.~~00000000~~000000 I-B-3 3,831,000.00 ~~942~~887.~~82818324~~129199 0.~~00000000~~000000 16.~~00799269~~984156 0.~~00000000~~000000 I-B-4 5,243,000.00 ~~942~~887.~~82818425~~129197 0.~~00000000~~000000 16.~~00799161~~984156 0.~~00000000~~000000 I-C 2,017,245.09 999.~~99995538~~999955 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 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-A-1 152,260,000.00 ~~953~~901.~~04597294~~994112 0.~~60972488~~611636 1711.~~40980717~~632644 0.~~00000000~~000000 II-A-2 5,710,098.00 ~~953~~901.~~04597224~~994113 0.~~60972509~~611636 1711.~~40980628~~632644 0.~~00000000~~000000 II-A-3 51,412,546.00 ~~941~~866.~~03169468~~787474 0.~~40193769~~402253 2729.~~17339985~~903765 0.~~00000000~~000000 II-A-4 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-PO 1,171,356.00 ~~980~~968.~~86703786~~079311 1.~~48593596~~494354 0.~~47340006~~206129 0.~~00000000~~000000 II-B-1 8,422,000.00 ~~998~~996.~~29282356~~492332 0.~~58652458~~623291 0.~~00000000~~000000 0.~~00000000~~000000 II-B-2 2,021,000.00 ~~998~~996.~~29282533~~492331 0.~~58652647~~623290 0.~~00000000~~000000 0.~~00000000~~000000 II-B-3 1,123,000.00 ~~998~~996.~~29282280~~492333 0.~~58652716~~623295 0.~~00000000~~000000 0.~~00000000~~000000 II-B-4 1,123,000.00 ~~998~~996.~~29282280~~492333 0.~~58652716~~623295 0.~~00000000~~000000 0.~~00000000~~000000 II-B-5 786,000.00 ~~998~~996.~~29282443~~492328 0.~~58652672~~623295 0.~~00000000~~000000 0.~~00000000~~000000 II-B-6 562,232.84 ~~998~~996.~~29519030~~741564 0.~~43926641~~573428 0.~~00000000~~000000 0.~~00000000~~000000 II-R-1 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R-2 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R-3 50.00 0.~~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

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-1 0.~~00000000~~000000 16.~~00799179~~984156 ~~926~~870.~~82019248~~145041 0.~~92682019~~870145 16.~~00799179~~984156 I-A-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-M-1 0.~~00000000~~000000 16.~~00799152~~984156 ~~926~~870.~~82019277~~145041 0.~~92682019~~870145 16.~~00799152~~984156 I-M-2 0.~~00000000~~000000 16.~~00799193~~984157 ~~926~~870.~~82019249~~145041 0.~~92682019~~870145 16.~~00799193~~984157 I-M-3 0.~~00000000~~000000 16.~~00799265~~984156 ~~926~~870.~~82019284~~145041 0.~~92682019~~870145 16.~~00799265~~984156 I-B-1 0.~~00000000~~000000 16.~~00799132~~984156 ~~926~~870.~~82019219~~145040 0.~~92682019~~870145 16.~~00799132~~984156 I-B-2 0.~~00000000~~000000 16.~~00799267~~984157 ~~926~~870.~~82019189~~145041 0.~~92682019~~870145 16.~~00799267~~984157 I-B-3 0.~~00000000~~000000 16.~~00799269~~984156 ~~926~~870.~~82019316~~145040 0.~~92682019~~870145 16.~~00799269~~984156 I-B-4 0.~~00000000~~000000 16.~~00799161~~984156 ~~926~~870.~~82019264~~145041 0.~~92682019~~870145 16.~~00799161~~984156 I-C 0.~~00000000~~000000 0.~~00000000~~000000 999.~~99995538~~999955 01.~~99999996~~000000 0.~~00000000~~000000 I-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-A-1 0.~~00000000~~000000 1812.~~01953198~~244280 ~~935~~889.~~02644089~~749832 0.~~93502644~~889750 1812.~~01953198~~244280 II-A-2 0.~~00000000~~000000 1812.~~01953136~~244280 ~~935~~889.~~02644088~~749831 0.~~93502644~~889750 1812.~~01953136~~244280 II-A-3 0.~~00000000~~000000 2730.~~57533755~~306018 ~~913~~836.~~45635713~~481456 0.~~91345636~~836481 2730.~~57533755~~306018 II-A-4 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-PO 0.~~00000000~~000000 1.~~95934455~~700482 ~~978~~966.~~90769331~~378829 0.~~97890769~~966379 1.~~95934455~~700482 II-B-1 0.~~00000000~~000000 0.~~58652458~~623291 ~~997~~995.~~70629898~~869041 0.~~99770630~~995869 0.~~58652458~~623291 II-B-2 0.~~00000000~~000000 0.~~58652647~~623290 ~~997~~995.~~70629886~~869040 0.~~99770630~~995869 0.~~58652647~~623290 II-B-3 0.~~00000000~~000000 0.~~58652716~~623295 ~~997~~995.~~70629564~~869038 0.~~99770630~~995869 0.~~58652716~~623295 II-B-4 0.~~00000000~~000000 0.~~58652716~~623295 ~~997~~995.~~70629564~~869038 0.~~99770630~~995869 0.~~58652716~~623295 II-B-5 0.~~00000000~~000000 0.~~58652672~~623295 ~~997~~995.~~70629771~~869046 0.~~99770630~~995869 0.~~58652672~~623295 II-B-6 0.~~00000000~~000000 0.~~43926641~~573428 ~~997~~996.~~85592389~~168136 0.~~99785592~~996168 0.~~43926641~~573428 II-R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R-3 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~000000

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-1 ~~151,234,000.00~~11/01/05 - 11/30/05 30 4.~~14125~~69375% ~~142~~134,~~587~~164,~~677~~097.6106 ~~492~~524,~~076~~777.0228 0.00 ~~0.00~~ I-A-2 11/01/05 - 11/30/05 30 0.~~00 1.35875~~80625% ~~142~~134,~~587~~164,~~677~~097.6106 ~~161~~90,~~450~~141.8450 0.00 ~~0.00~~ I-M-1 11/25/05 - 12~~,502,000.00~~/24/05 30 4.~~09125~~64375% 11,~~787~~090,~~237~~889.9623 4142,~~526~~919.6843 0.00 ~~0.00~~ I-M-2 11~~,897,000.00~~/25/05 - 12/24/05 30 4.~~29125~~84375% 1110,~~216~~554,~~826~~176.9106 4142,~~448~~601.9049 0.00 ~~0.00~~ I-M-3 ~~5,445,000.00~~11/25/05 - 12/24/05 30 4.~~34125~~89375% 54,~~133~~830,~~699~~418.4648 19,~~191~~699.3005 0.00 ~~0.00~~ I-B-1 ~~4,839,000.00~~11/25/05 4- 12/24/05 30 5.~~84125~~39375% 4,~~562~~292,~~345~~818.5819 19,~~019~~295.7532 0.00 ~~0.00~~ I-B-2 ~~4,638,000.00~~11/25/05 4- 12/24/05 30 5.~~99125~~54375% 4,~~372~~114,~~837~~505.1222 1819,~~794~~008.5516 0.00 ~~0.00~~ I-B-3 ~~3,831,000.00~~11/25/05 - 12/24/05 30 5.~~34125~~89375% 3,~~611~~398,~~974~~591.7796 16,~~612~~692.9504 0.00 ~~0.00~~ I-B-4 ~~5,243,000.00~~11/25/05 6- 12/24/05 30 7.~~64125~~19375% 4,~~943~~651,~~248~~218.1738 2827,~~269~~883.7209 0.00 ~~0.00~~ I-C ~~2,017,245.09~~N/A N/A 0.00000% 2,017,245.00 0.00 0.00 ~~0.00~~ I-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-A-1 ~~152,260,000.00~~11/01/05 - 11/30/05 30 5.25000% ~~145~~137,~~110~~337,~~779~~623.8451 ~~634~~600,~~859~~852.6610 0.00 ~~0.00~~ II-A-2 ~~5,710,098.00~~11/01/05 - 11/30/05 30 5.25000% 5,~~441~~150,~~985~~474.9078 2322,~~808~~533.6933 0.00 ~~0.00~~ II-A-3 ~~51,412,546.00~~11/01/05 3- 11/30/05 30 4.~~99125~~54375% 4844,~~380~~563,~~835~~750.2989 ~~160~~168,~~916~~738.6779 0.00 ~~0.00~~ II-A-4 ~~0.00~~11/01/05 3- 11/30/05 30 2.~~50875~~95625% 4844,~~380~~563,~~835~~750.2989 ~~141~~109,~~463~~784.5566 0.00 ~~0.00~~ II-X ~~0.00~~11/01/05 - 11/30/05 30 0.~~02636~~02682% ~~352~~347,~~896~~579.6443 7.7577 0.00 ~~0.00~~ II-PO ~~1,171,356.00~~N/A N/A 0.00000% 1,~~148~~133,~~944~~965.4951 0.00 0.00 ~~0.00~~ II-B-1 ~~8,422,000.00~~11/01/05 - 11/30/05 30 5.~~80274~~80300% 8,~~407~~392,~~622~~458.1642 40,~~656~~584.0156 0.00 ~~0.00~~ II-B-2 ~~2,021,000.00~~11/01/05 - 11/30/05 30 5.~~80274~~80300% 2,~~017~~013,~~549~~911.8000 9,~~756~~738.0995 0.00 ~~0.00~~ II-B-3 ~~1,123,000.00~~11/01/05 - 11/30/05 30 5.~~80274~~80300% 1,~~121~~119,~~082~~060.8489 5,~~421~~411.1260 0.00 ~~0.00~~ II-B-4 ~~1,123,000.00~~11/01/05 - 11/30/05 30 5.~~80274~~80300% 1,~~121~~119,~~082~~060.8489 5,~~421~~411.1260 0.00 ~~0.00~~ II-B-5 ~~786,000.00~~11/01/05 - 11/30/05 30 5.~~80274~~80300% ~~784~~783,~~658~~242.1697 3,~~794~~787.3064 0.00 ~~0.00~~ II-B-6 ~~562,232.84~~11/01/05 - 11/30/05 30 5.~~80274~~80300% ~~561~~560,~~274~~400.3484 2,~~714~~710.1101 0.00 ~~0.00~~ II-R-1 ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ II-R-2 ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ II-R-3 ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ II-P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ Totals ~~426,237,827.93~~ 1,~~867~~772,~~209~~578.7837 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-1 ~~585~~0.6500 0.00 ~~491~~524,~~490~~777.3728 0.00 ~~140~~131,~~166~~595,~~724~~515.9915 I-A-2 ~~192~~0.1500 0.00 ~~161~~90,~~258~~141.6950 0.00 ~~140~~131,~~166~~595,~~724~~515.9915 I-M-1 490.4200 0.00 4142,~~477~~919.2643 0.00 1110,~~587~~878,~~106~~553.0530 I-M-2 490.3300 0.00 4142,~~399~~601.5749 0.00 1110,~~026~~352,~~379~~115.8355 I-M-3 220.8400 0.00 19,~~168~~699.4605 0.00 54,~~046~~737,~~535~~939.9575 I-B-1 220.6400 0.00 1819,~~997~~295.1232 0.00 4,~~484~~210,~~882~~631.9185 I-B-2 220.3700 0.00 1819,~~772~~008.1816 0.00 4,~~298~~035,~~592~~732.0570 I-B-3 190.7700 0.00 16,~~593~~692.1804 0.00 3,~~550~~333,~~648~~525.1665 I-B-4 300.8600 0.00 2827,~~238~~883.8509 0.00 4,~~859~~562,~~318~~170.2745 I-C 0.00 0.00 ~~159~~135,~~555~~062.7498 0.00 2,017,245.00 I-P 0.00 0.00 71,~~723~~213.2500 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-A-1 0.00 0.00 ~~634~~600,~~859~~852.6610 0.00 ~~142~~135,~~367~~473,~~125~~309.8938 II-A-2 0.00 0.00 2322,~~808~~533.6933 0.00 5,~~339~~080,~~092~~558.6173 II-A-3 0.00 0.00 ~~160~~168,~~916~~738.6779 0.00 4643,~~963~~005,~~116~~641.9832 II-A-4 0.00 0.00 ~~141~~109,~~463~~784.5566 0.00 4643,~~963~~005,~~116~~641.9832 II-X 0.00 0.00 7.7577 0.00 ~~351~~345,~~960~~929.7142 II-PO 0.00 0.00 0.00 0.00 1,~~146~~131,~~649~~973.4064 II-B-1 0.00 0.00 40,~~656~~584.0156 0.00 8,~~402~~387,~~682~~209.4506 II-B-2 0.00 0.00 9,~~756~~738.0995 0.00 2,~~016~~012,~~364~~651.4333 II-B-3 0.00 0.00 5,~~421~~411.1260 0.00 1,~~120~~118,~~424~~360.1793 II-B-4 0.00 0.00 5,~~421~~411.1260 0.00 1,~~120~~118,~~424~~360.1793 II-B-5 0.00 0.00 3,~~794~~787.3064 0.00 ~~784~~782,~~197~~753.1507 II-B-6 0.00 0.00 2,~~714~~710.1101 0.00 ~~561~~560,~~027~~078.3744 II-R-1 0.00 0.00 0.00 0.00 0.00 II-R-2 0.00 0.00 0.00 0.00 0.00 II-R-3 0.00 0.00 0.00 0.00 0.00 II-P 0.00 0.00 41,~~719~~894.0005 0.00 100.00 Totals ~~995~~0.0300 0.00 21,~~038~~910,~~212~~748.7440 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-1 11/01/05 - 11/30/05 151,234,000.00 4.~~14125~~69375% ~~942~~887.~~82818420~~129198 3.~~25373937~~469969 0.~~00000000~~000000 ~~0.00000000~~ I-A-2 11/01/05 - 11/30/05 0.00 10.~~35875~~80625% ~~942~~887.~~82818420~~129198 ~~1.06755650~~ 0.~~00000000~~596040 0.~~00000000~~000000 I-M-1 11/25/05 - 12/24/05 12,502,000.00 4.~~09125~~64375% ~~942~~887.~~82818429~~129198 3.~~32160294~~433005 0.~~00000000~~000000 ~~0.00000000~~ I-M-2 11/25/05 - 12/24/05 11,897,000.00 4.~~29125~~84375% ~~942~~887.~~82818442~~129197 3.~~48397915~~580860 0.~~00000000~~000000 ~~0.00000000~~ I-M-3 11/25/05 - 12/24/05 5,445,000.00 4.~~34125~~89375% ~~942~~887.~~82818365~~129197 3.~~52457300~~617824 0.~~00000000~~000000 ~~0.00000000~~ I-B-1 11/25/05 - 12/24/05 4,839,000.00 45.~~84125~~39375% ~~942~~887.~~82818351~~129198 3.~~93051250~~987460 0.~~00000000~~000000 ~~0.00000000~~ I-B-2 11/25/05 - 12/24/05 4,638,000.00 45.~~99125~~54375% ~~942~~887.~~82818456~~129198 4.~~05229625~~098353 0.~~00000000~~000000 ~~0.00000000~~ I-B-3 11/25/05 - 12/24/05 3,831,000.00 5.~~34125~~89375% ~~942~~887.~~82818324~~129199 4.~~33645262~~357097 0.~~00000000~~000000 ~~0.00000000~~ I-B-4 11/25/05 - 12/24/05 5,243,000.00 67.~~64125~~19375% ~~942~~887.~~82818425~~129197 5.~~39189777~~318156 0.~~00000000~~000000 ~~0.00000000~~ I-C N/A 2,017,245.09 0.00000% 999.~~99995538~~999955 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~~ 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-A-1 11/01/05 - 11/30/05 152,260,000.00 5.25000% ~~953~~901.~~04597294~~994112 43.~~16957612~~946224 0.~~00000000~~000000 ~~0.00000000~~ II-A-2 11/01/05 - 11/30/05 5,710,098.00 5.25000% ~~953~~901.~~04597224~~994113 43.~~16957642~~946225 0.~~00000000~~000000 ~~0.00000000~~ II-A-3 11/01/05 - 11/30/05 51,412,546.00 34.~~99125~~54375% ~~941~~866.~~03169468~~787474 3.~~12991055~~282055 0.~~00000000~~000000 ~~0.00000000~~ II-A-4 11/01/05 - 11/30/05 0.00 32.~~50875~~95625% ~~941~~866.~~03169468~~787474 2.~~75153753~~135367 0.~~00000000~~000000 ~~0.00000000~~ II-X 11/01/05 - 11/30/05 0.00 0.~~02636~~02682% ~~4753~~4682.~~96917771~~339557 0.~~10440241~~104672 0.~~00000000~~000000 ~~0.00000000~~ II-PO N/A 1,171,356.00 0.00000% ~~980~~968.~~86703786~~079311 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ II-B-1 11/01/05 - 11/30/05 8,422,000.00 5.~~80274~~80300% ~~998~~996.~~29282356~~492332 4.~~82735811~~818874 0.~~00000000~~000000 ~~0.00000000~~ II-B-2 11/01/05 - 11/30/05 2,021,000.00 5.~~80274~~80300% ~~998~~996.~~29282533~~492331 4.~~82735774~~818877 0.~~00000000~~000000 ~~0.00000000~~ II-B-3 11/01/05 - 11/30/05 1,123,000.00 5.~~80274~~80300% ~~998~~996.~~29282280~~492333 4.~~82735530~~818878 0.~~00000000~~000000 ~~0.00000000~~ II-B-4 11/01/05 - 11/30/05 1,123,000.00 5.~~80274~~80300% ~~998~~996.~~29282280~~492333 4.~~82735530~~818878 0.~~00000000~~000000 ~~0.00000000~~ II-B-5 11/01/05 - 11/30/05 786,000.00 5.~~80274~~80300% ~~998~~996.~~29282443~~492328 4.~~82735369~~818880 0.~~00000000~~000000 ~~0.00000000~~ II-B-6 11/01/05 - 11/30/05 562,232.84 5.~~80274~~80300% ~~998~~996.~~29519030~~741564 4.~~82737721~~820085 0.~~00000000~~000000 ~~0.00000000~~ II-R-1 N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ II-R-2 N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ II-R-3 N/A 50.00 0.00000% 0.~~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 0.00000000 (5) Per $1 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-1 0.~~00387248~~000000 0.~~00000000~~000000 3.~~24986690~~469969 0.~~00000000~~000000 ~~926~~870.~~82019248~~145041 I-A-2 0.~~00127055~~000000 0.~~00000000~~000000 10.~~06628595~~596040 0.~~00000000~~000000 ~~926~~870.~~82019248~~145041 I-M-1 0.~~00395297~~000000 0.~~00000000~~000000 3.~~31764998~~433005 0.~~00000000~~000000 ~~926~~870.~~82019277~~145041 I-M-2 0.~~00414642~~000000 0.~~00000000~~000000 3.~~47983273~~580860 0.~~00000000~~000000 ~~926~~870.~~82019249~~145041 I-M-3 0.~~00419467~~000000 0.~~00000000~~000000 3.~~52037833~~617824 0.~~00000000~~000000 ~~926~~870.~~82019284~~145041 I-B-1 0.~~00467865~~000000 0.~~00000000~~000000 3.~~92583592~~987460 0.~~00000000~~000000 ~~926~~870.~~82019219~~145040 I-B-2 0.~~00482320~~000000 0.~~00000000~~000000 4.~~04747305~~098353 0.~~00000000~~000000 ~~926~~870.~~82019189~~145041 I-B-3 0.~~00516053~~000000 0.~~00000000~~000000 4.~~33129209~~357097 0.~~00000000~~000000 ~~926~~870.~~82019316~~145040 I-B-4 0.~~00588594~~000000 0.~~00000000~~000000 5.~~38600992~~318156 0.~~00000000~~000000 ~~926~~870.~~82019264~~145041 I-C 0.~~00000000~~000000 0.~~00000000~~000000 7966.~~09586237~~954175 0.~~00000000~~000000 999.~~99995538~~999955 I-P 0.~~00000000~~000000 0.~~00000000~~000000 ~~77232~~12130.~~50000000~~000000 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-A-1 0.~~00000000~~000000 0.~~00000000~~000000 43.~~16957612~~946224 0.~~00000000~~000000 ~~935~~889.~~02644089~~749832 II-A-2 0.~~00000000~~000000 0.~~00000000~~000000 43.~~16957642~~946225 0.~~00000000~~000000 ~~935~~889.~~02644088~~749831 II-A-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~12991055~~282055 0.~~00000000~~000000 ~~913~~836.~~45635713~~481456 II-A-4 0.~~00000000~~000000 0.~~00000000~~000000 2.~~75153753~~135367 0.~~00000000~~000000 ~~913~~836.~~45635713~~481456 II-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~10440241~~104672 0.~~00000000~~000000 ~~4741~~4660.~~36100334~~111812 II-PO 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~978~~966.~~90769331~~378829 II-B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~82735811~~818874 0.~~00000000~~000000 ~~997~~995.~~70629898~~869041 II-B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~82735774~~818877 0.~~00000000~~000000 ~~997~~995.~~70629886~~869040 II-B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~82735530~~818878 0.~~00000000~~000000 ~~997~~995.~~70629564~~869038 II-B-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~82735530~~818878 0.~~00000000~~000000 ~~997~~995.~~70629564~~869038 II-B-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~82735369~~818880 0.~~00000000~~000000 ~~997~~995.~~70629771~~869046 II-B-6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~82737721~~820085 0.~~00000000~~000000 ~~997~~996.~~85592389~~168136 II-R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-R-3 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-P 0.~~00000000~~000000 0.~~00000000~~000000 ~~47190~~18940.~~00000000~~500000 0.~~00000000~~000000 1000.~~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~~Per ~~Refer~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 98,~~626~~828,~~736~~695.83 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 56132,~~619~~600.9541 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 3,107.05 Swap/Cap Payments 0.00 Total Deposits 98,~~683~~964,~~356~~403.7829 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 8878,~~277~~562.6229 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 86~~81,~~495~~509.9958 Payment of Interest and Principal 98,~~508~~804,~~583~~331.1742 Total Withdrawals (Pool Distribution Amount) 98,~~683~~964,~~356~~403.7829 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~995~~0.0300

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* 8479,~~235~~434.1895 Miscellaneous Fee 2,~~260~~074.8163 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees 8681,~~495~~509.9958 *Servicer Payees include: EMC MTG CORP; GMAC MTG CORP; GREENPOINT MTG FUNDING, INC; 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 Net Wac Reserve Fund 5,000.00 23,~~337~~523.8609 23,~~337~~523.8609 5,000.00 Class I-P Certificate ~~Account~~ 100.00 0.00 0.00 100.00 ~~Class~~Account lass II-P Certificate ~~Account~~ 100.00 0.00 0.00 100.00 Account

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~Fixed ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No6.260224% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~6.010224% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of6.003695% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~256 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance 0-29 Days~~ 1,710 0Number 0Of 1Loans ~~115,756.06~~Paid ~~0.00~~In ~~0.00~~Full ~~115,756.06~~27 30Ending ~~Days~~Scheduled 24Collateral 0Loan 0Count ~~0 24 7~~1,~~265,812.30~~683 ~~0.00~~Beginning ~~0.00~~Scheduled ~~0.00~~Collateral 7Balance 381,~~265~~287,~~812~~769.3055 60Ending ~~Days~~Scheduled 7Collateral 0Balance ~~0 0 7 881~~374,~~656.84 0.00 0.00 0.00 881~~394,~~656~~158.8440 90Ending ~~Days~~Actual 3Collateral 0Balance 0at 030-Nov-2005 ~~3 871~~374,~~500.00 0.00 0.00 0.00 871~~550,~~500~~589.0054 ~~120~~Monthly ~~Days~~P&I 2Constant ~~0 0 0~~ 2 ~~533~~,~~600.00 0.00 0.00 0.00 533~~159,~~600~~949.0004 ~~150~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Amount ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Count ~~Totals 36 1~~ 0 0Prepayment 37Penalty ~~9,552,569.14~~Paid ~~115,756.06~~Amount ~~0.00 0.00 9~~3,~~668,325~~107.2005 NoPrepayment ofPenalty ~~Loans~~Paid NoCount of2 ~~Loans~~Realized NoLoss ofAmount ~~Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance~~ 0~~-29 Days 0~~.~~056211%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.056211%~~Loss 0.~~029158%~~00 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 0170,826.~~029158%~~52 30Unscheduled ~~Days~~Principal 16,722,784.349073% 0.000000% 0.000000% 0.000000% 1.349073% 1.830180% 0.000000% 0.000000% 0.000000% 1.830180% 60 Days 0.393479% 0.000000% 0.000000% 0.000000% 0.393479% 0.222080% 0.000000% 0.000000% 0.000000% 0.222080% 90 Days 0.168634% 0.000000% 0.000000% 0.000000% 0.168634% 0.219522% 0.000000% 0.000000% 0.000000% 0.219522% 120 Days 0.112423% 0.000000% 0.000000% 0.000000% 0.112423% 0.134408% 0.000000% 0.000000% 0.000000% 0.134408% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.023609% 0.056211% 0.000000% 0.000000% 2.079820% 2.406190% 0.029158% 0.000000% 0.000000% 2.435348%63

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group 1 NoGroup of2 ~~Loans~~Total NoCollateral ofDescription ~~Loans~~Mixed NoARM ofFixed ~~Loans~~15 NoYear ofMixed ~~Loans~~Fixed NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 115,756~~6.06548704 06.00004649 06.00260224 ~~115,756.06~~Weighted 30Average ~~Days~~Net 18Rate 06.298704 ~~0 0 18~~ 5~~,328,822~~.81754649 06.00010224 ~~0.00~~Weighted ~~0.00~~Average ~~5,328,822.81~~Remaining 60Term ~~Days~~352 5171 0256 0Beginning 0Loan 5Count ~~680,461.71~~838 ~~0.00~~872 ~~0.00 0.00 680~~1,~~461.71~~710 90Loans ~~Days~~Paid 3In 0Full 015 012 327 ~~871,500.00~~Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~823 ~~871,500.00~~860 ~~120 Days~~ 1,683 0Beginning 0Scheduled 0Balance ~~1 211~~179,~~200~~113,959.0058 0202,173,809.0097 ~~0.00 0.00 211~~381,~~200~~287,769.0055 ~~150~~Ending ~~Days~~Scheduled 0Balance ~~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 27 1 0 0 28 7~~175,~~091~~723,~~984~~429.5242 ~~115~~198,~~756~~670,728.0698 ~~0.00 0.00 7~~374,~~207~~394,~~740~~158.5840 ~~0-29~~Record ~~Days~~Date ~~0.114416%~~11/30/2005 ~~0.000000%~~11/30/2005 ~~0.000000% 0.114416% 0.061876% 0.000000% 0.000000% 0.061876%~~ 11/30/2005 ~~Days~~Principal ~~2.059497%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 01,020,495.~~000000%~~85 21,139,453.~~059497%~~19 2,159,949.~~848448%~~04 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 043,025.~~000000%~~62 2127,800.~~848448% 60 Days 0.572082% 0.000000% 0.000000% 0.000000% 0.572082% 0.363731% 0.000000% 0.000000% 0.000000% 0.363731%~~ 90 ~~Days 0~~170,826.~~343249%~~52 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 0.000000% 0.343249% 0.465848% 0.000000% 0.000000% 0.000000% 0.465848% 120 Days 0.114416% 0.000000% 0.000000% 0.000000% 0.114416% 0.112894% 0.000000% 0.000000% 0.000000% 0.112894% 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 3,347,504.~~089245%~~54 ~~0.114416% 0.000000% 0.000000%~~ 3,375,280.~~203661%~~09 36,722,784.~~790921%~~63 ~~0.061876%~~Scheduled ~~0.000000%~~Interest 0977,470.~~000000%~~23 3.852797% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 1,~~936~~011,~~989~~652.4929 ~~0.00 0.00 0.00~~ 1,~~936,~~989,122.4952 60Servicing ~~Days~~Fee ~~2 0 0 0 2 201~~37,~~195~~315.1341 042,119.0054 ~~0.00 0.00 201~~79,~~195~~434.1395 90Master ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 0.00 0.00 ~~0.00~~Trustee ~~0.00~~Fee ~~120 Days 1~~ 0 ~~0 0 1 322,400~~.00 0.00 0.00 ~~0.00~~FRY ~~322,400.00~~Amount ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Special ~~0.00~~Hazard ~~180+~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~Totals 9 0 0 0 9~~ 2,~~460,584~~074.6263 0.00 ~~0.00 0.00~~ 2,~~460,584~~074.6263 ~~0-29~~Pool ~~Days~~Insurance ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Spread ~~0.000000%~~1 0.~~000000%~~00 0.~~000000%~~00 ~~30 Days~~ 0.~~662983%~~00 ~~0.000000%~~Spread ~~0.000000%~~2 0.~~000000%~~00 0.~~662983%~~00 0.~~922720%~~00 ~~0.000000%~~Spread ~~0.000000%~~3 0.~~000000%~~00 0.~~922720%~~00 ~~60 Days~~ 0.~~220994%~~00 ~~0.000000%~~Net ~~0.000000%~~Interest 0938,080.~~000000%~~19 0969,532.~~220994%~~75 01,907,612.~~095843%~~94 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount 0.~~095843%~~00 ~~90 Days~~ 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Percentage ~~0.000000%~~of ~~120~~Cumulative ~~Days~~Losses 0.~~110497%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Prepayment ~~0.110497%~~Penalty ~~0.153581%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~153581%~~00 ~~150~~Prepayment ~~Days~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Amount 01213.~~000000%~~00 ~~180+ Days 0~~1894.~~000000%~~05 03107.~~000000%~~05 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Count ~~0.000000%~~1 ~~0.000000%~~1 ~~0.000000%~~2 ~~0.000000%~~Special ~~Totals~~Servicing ~~0.994475%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.994475%~~Pass-Through ~~1.172144%~~Rate 06.~~000000%~~284805 05.~~000000%~~754649 06.~~000000% 1.172144%~~003695

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Deal ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~3 Month Rolling Average Delinquency 0.00016003% ~~Principal~~Group ~~Balance~~I ofExtra ~~Contaminated~~Prin ~~Properties~~Distribution 0138,586.0007 ~~Periodic~~Overcollateralization ~~Advance~~Amount 562,~~619~~017,245.9500 Yield Maintenance 0.00

~~Summary~~LOAN 12STATUS ~~Month~~STRATIFICATION/CREDIT ~~REO~~ENHANCEMENT History*STATEMENT ~~New~~DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL No of Loans ~~Month~~No ~~REO~~of ~~Percentage~~Loans No of Loans inNo ~~REO~~of 0Loans ~~Oct-04~~No ~~0.000%~~of ~~Original~~Loans Principal Balance ~~0.00~~Principal ~~Nov-04~~Balance ~~0.000%~~Principal ~~Current~~Balance Principal Balance ~~0.00~~Principal ~~Dec-04~~Balance 0~~.000% Jan~~-0529 Days 2 0~~.000%~~ ~~Current~~0 ~~REO~~2 ~~Total~~234,370.64 ~~Feb-05~~0.00 0.~~000%~~00 ~~Loans~~234,370.64 in30 ~~REO~~Days 80 0 ~~Mar-05~~0 0~~.000%~~ ~~Original~~80 ~~Principal~~17,207,894.02 ~~Balance~~0.00 0.00 ~~Apr-05~~ 0.~~000%~~00 ~~Current~~17,207,894.02 ~~Principal~~60 ~~Balance~~Days 16 0~~.00~~ ~~May-05~~0 0~~.000%~~ ~~Jun-05~~16 02,419,036.~~000%~~90 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~ 0.~~000%~~00 *The2,419,036.90 ~~text~~90 ~~reported~~Days in0 ~~the~~0 ~~above~~0 ~~table~~0 is0 ~~presented~~0.00 ~~graphically~~0.00 on0.00 ~~the~~0.00 ~~monthly bond remittance report~~0.00 ~~The~~120 ~~monthly~~Days ~~bond~~1 ~~remittance~~1 ~~report~~1 ~~can~~0 be3 ~~viewed~~920,000.00 ~~online~~105,706.15 at336,000.00 ~~www~~0.~~ctslink~~00 1,361,706.~~com.~~15 ~~Group~~150 Days 1 120 ~~Month~~1 ~~REO~~0 History*2 ~~New~~632,000.00 ~~REO~~0.00 ~~Loans~~267,422.97 ~~Month~~0.00 ~~REO~~899,422.97 ~~Percentage~~180+ ~~Loans~~Days in1 ~~REO~~0 0 ~~Oct-04~~ 0~~.000%~~ ~~Original~~1 ~~Principal~~211,200.00 ~~Balance~~0.00 0.00 ~~Nov-04~~ 0.~~000%~~00 ~~Current~~211,200.00 ~~Principal~~Totals ~~Balance~~99 ~~0.00~~3 ~~Dec-04~~2 0 104 21,390,130.~~000%~~92 ~~Jan-05~~340,076.79 603,422.97 0.~~000%~~00 ~~Current~~22,333,630.68 ~~REO~~No ~~Total~~of ~~Feb-05~~Loans ~~0.000%~~No of Loans inNo ~~REO~~of 0Loans ~~Mar-05~~No ~~0.000%~~of ~~Original~~Loans No of Loans Principal Balance ~~0.00~~Principal ~~Apr-05~~Balance ~~0.000%~~Principal ~~Current~~Balance Principal Balance ~~0.00~~Principal ~~May~~Balance 0-0529 Days 0.~~000~~118835% ~~Jun-05~~0.000000% 0.~~000~~000000% ~~Jul-05~~0.118835% 0.~~000~~062574% ~~Aug-05~~0.000000% 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~062574% *The30 ~~text~~Days ~~reported~~4.753417% in0.000000% ~~the~~0.000000% ~~above~~0.000000% ~~table~~4.753417% is4.594278% ~~presented~~0.000000% ~~graphically~~0.000000% on0.000000% ~~the~~4.594278% ~~monthly~~60 ~~bond~~Days ~~remittance~~0.950683% ~~report~~0.000000% ~~The~~0.000000% ~~monthly~~0.000000% ~~bond~~0.950683% ~~remittance~~0.645851% ~~report~~0.000000% ~~can~~0.000000% be0.000000% ~~viewed~~0.645851% ~~online~~90 atDays ~~www~~0.~~ctslink~~000000% 0.~~com~~000000% 0.000000% ~~Group~~0.000000% 20.000000% 120.000000% ~~Month~~0.000000% ~~REO~~0.000000% History*0.000000% ~~New~~0.000000% ~~REO~~120 ~~Loans~~Days ~~Month~~0.059418% ~~REO~~0.059418% ~~Percentage~~0.059418% ~~Loans~~0.000000% in0.178253% ~~REO~~0.245628% 0.028222% ~~Oct-04~~0.089708% 0.~~000~~000000% ~~Original~~0.363557% ~~Principal~~150 ~~Balance~~Days 0.00059418% ~~Nov-04~~0.000000% 0.~~000~~059418% ~~Current~~0.000000% ~~Principal~~0.118835% ~~Balance~~0.168736% 0.00000000% ~~Dec-04~~ 0.~~000~~071398% ~~Jan-05~~ 0.~~000~~000000% ~~Current REO Total Feb-05~~ 0.~~000~~240134% ~~Loans~~180+ inDays ~~REO~~ 0.059418% ~~Mar-05~~ 0.~~000~~000000% ~~Original Principal Balance~~ 0.00000000% ~~Apr-05~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00059418% ~~May-05~~ 0.~~000~~056388% ~~Jun-05~~ 0.~~000~~000000% ~~Jul-05~~ 0.~~000~~000000% ~~Aug-05~~ 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~056388% *TheTotals ~~text~~5.882353% ~~reported~~0.178253% in0.118835% ~~the~~0.000000% ~~above~~6.179441% ~~table~~5.710879% is0.090796% ~~presented~~0.161106% ~~graphically on the monthly bond remittance report~~0.000000% ~~The monthly bond remittance report can be viewed online at www~~5.~~ctslink.com.~~962781%

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 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 02 ~~Mar~~Jun-05 0.000% Original Principal Balance 0604,000.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0603,422.0097 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.~~000~~158% ~~Sep~~Dec-05 0.~~000~~161% *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 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% Original Principal Balance 0268,000.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0267,422.0097 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.~~000~~149% ~~Sep~~Dec-05 0.~~000~~152% *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% Original Principal Balance 0336,000.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0336,000.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.~~000~~166% ~~Sep~~Dec-05 0.~~000~~169% *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 NoGroup ~~Foreclosure~~1 ~~loans~~0000145620 ~~this~~Nov-2005 ~~period~~01-Mar-2005 RI 80.00 268,000.00 Group 2 0002342630 Nov-2005 01-Mar-2005 CA 80.00 336,000.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGroup ~~Foreclosure~~1 ~~loans~~0000145620 ~~this~~267,422.97 ~~period~~01-Jun-2005 5 9.125% 13,829.32 Group 2 0002342630 336,000.00 01-Jul-2005 4 5.875% 9,450.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Mixed~~History* ~~Fixed~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Gross~~Month ~~Coupon~~Bankruptcy 6Percentage Loans in Bankruptcy 0 Jan-05 0.~~271826~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 6Feb-05 0.~~021826~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 6Apr-05 0.~~015116~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~258~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~3 ~~Count~~Jun-05 10.000% Original Principal Balance 342,~~804~~547.20 ~~Number~~Jul-05 Of0.000% ~~Loans~~Current ~~Paid~~Principal InBalance ~~Full~~340,076.79 25Aug-05 ~~Ending~~0.000% ~~Scheduled~~Sep-05 ~~Collateral~~0.029% ~~Loan~~Oct-05 ~~Count~~0.030% Nov-05 0.089% Dec-05 0.091% *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~~,779~~ ~~Beginning~~12 ~~Scheduled~~Month ~~Collateral~~Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance ~~404,328,907~~0.4300 ~~Ending~~Feb-05 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~396,858,454~~0.2300 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Apr-05 ~~Balance~~0.000% atCurrent 31Bankruptcy Total May-~~Aug~~05 0.000% Loans in Bankruptcy 3 Jun-~~2005~~05 ~~396~~0.000% Original Principal Balance 342,~~999~~547.20 Jul-05 0.000% Current Principal Balance 340,~~793~~076.4679 ~~Monthly~~Aug-05 ~~P&I~~0.000% ~~Constant~~Sep-05 0.062% Oct-05 0.063% Nov-05 0.190% Dec-05 0.193% *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~~,287,433~~ 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.97000% ~~Special~~Original ~~Servicing~~Principal ~~Fee~~Balance 0.00 ~~Prepayment~~Feb-05 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Mar-05 ~~Loss~~0.000% ~~Amount~~Apr-05 0.00000% ~~Cumulative~~Current ~~Realized~~Bankruptcy ~~Loss~~Total May-05 0.00000% ~~Scheduled~~Loans in Bankruptcy 0 Jun-05 0.000% Original Principal ~~174,200~~Balance 0.3200 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~7,296,252~~Balance 0.8800 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.

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail 3- All Mortgage Loans in Bankruptcy during Current Period Group Loan Month ~~Rolling~~Loan ~~Average~~First ~~Delinquency~~State ~~0.011009%~~LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance Group I1 ~~Extra~~0004867420 ~~Prin~~Nov-2005 ~~Distribution~~01-Jan-2005 ~~161~~TX 90.00 106,~~893~~297.6020 ~~Overcollateralization~~Group ~~Amount~~1 20170011077 Sep-2005 01-Apr-2005 TX 75.00 116,~~017,244~~250.~~100~~00 ~~Yield~~Group ~~Maintenance~~1 01043013871 Nov-2005 01-Mar-2005 PA 80.00 120,000.00

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Group~~Loans 1in ~~Group~~Bankruptcy 2during ~~Total~~Current ~~Collateral~~Period ~~Description~~(continued) ~~Mixed~~Group ~~ARM Fixed 15 Year Mixed Fixed Weighted Average Coupon Rate 6.559358 6.016341 6.271826 Weighted Average Net Rate 6.309358 5.766341 6.021826 Weighted Average Maturity 354 173 258 Beginning~~ Loan ~~Count~~Current ~~886~~Paid ~~918~~To ~~1,804~~Months ~~Loans~~Current ~~Paid~~Approximate InNumber ~~Full~~Principal 12Date 13Delinquent ~~25 Ending~~ Loan ~~Count~~Rate ~~874~~Delinquent ~~905 1,779 Beginning Scheduled~~ Balance ~~190,233,092.59 214,095,814.84 404,328,907.43 Ending Scheduled Balance 187,037,433.20 209,821,021.03 396,858,454.23 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And~~ Interest ~~Constant~~Group 1~~,087,082.82~~ 10004867420 105,~~200,351~~706.15 ~~2,287,433.97~~01-Jul-2005 ~~Scheduled~~4 ~~Principal 47,243~~7.65250% ~~126,956.67 174,200.32 Unscheduled Principal~~ 3,~~148,415~~695.7413 ~~4,147,837.14~~Group ~~7,296,252.88 Scheduled Interest~~ 1~~,039,839.17~~ ~~1,073,394.48~~0170011077 2115,~~113,233~~452.6585 ~~Servicing~~01-Nov-2005 ~~Fees 39,631.89 44,603.29 84,235.18 Master Servicing Fees~~ 0~~.00~~ 06.00875% ~~0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 2~~1,~~260~~275.8136 ~~0.00~~Group ~~2,260.81 Pool Insurance Fee 0.00 0.00 0.00 Spread~~ 1 ~~0.00~~1043013871 0118,917.0079 ~~0.00~~01-Nov-2005 ~~Spread 2~~ 0~~.00~~ 07.00125% ~~0.00 Spread 3 0.00 0.00 0.00 Net Interest 997,946.47~~ 1,~~028,791~~363.19 2,026,737.66 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.295097 5.766341 6.01511618

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 12 3,082,356.00 3,030,380.12 0 0.00 0.00 Group 2 13 3,409,658.00 3,409,408.46 0 0.00 0.00 Total 25 6,492,014.00 6,439,788.58 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 0.00 119,785.18 Group 2 0 0.00 0.00 0 0.00 0.00 738,428.68 Total 0 0.00 0.00 0 0.00 0.00 858,213.86

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 0002287132 CA 69.91 01-May-2005 326,500.00 324,858.46 Group 1 0002344029 CA 62.50 01-May-2005 650,000.00 647,170.14 Group 1 0002344530 FL 90.00 01-Jun-2005 103,500.00 103,500.00 Group 1 0002346376 IL 73.94 01-May-2005 636,000.00 633,944.12 Group 1 0002348330 MI 80.00 01-Jun-2005 61,600.00 61,600.00 Group 1 0002348907 GA 80.00 01-Jun-2005 96,160.00 96,160.00 Group 1 0002349278 CA 58.81 01-May-2005 150,000.00 149,362.67 Group 1 0002355997 VA 80.00 01-May-2005 300,000.00 300,000.00 Group 1 0012156068 MO 100.00 01-May-2005 85,000.00 84,776.27 Group 1 0023419823 VA 97.83 01-Feb-2005 271,000.00 269,002.51 Group 1 0051115301 WA 75.00 01-Apr-2005 210,000.00 165,660.39 Group 1 0400599512 AZ 80.00 01-Apr-2005 192,596.00 192,596.00 Group 2 0002237814 AZ 80.00 01-Feb-2005 204,800.00 204,798.06 Group 2 0002238203 AZ 80.00 01-Apr-2005 516,000.00 515,999.68 Group 2 0002313195 VA 76.62 01-May-2005 164,758.00 164,758.00 Group 2 0002325484 AZ 79.98 01-Apr-2005 139,800.00 139,800.00 Group 2 0002328905 CA 80.00 01-Dec-2004 308,000.00 307,993.04 Group 2 0002333715 CA 73.37 01-Jan-2005 554,000.00 554,000.00 Group 2 0002335868 CA 68.12 01-Jan-2005 218,000.00 217,797.95 Group 2 0002338733 VA 80.00 01-Mar-2005 235,200.00 235,200.00 Group 2 0002339898 DC 90.00 01-Feb-2005 251,100.00 251,100.00 Group 2 0002341825 VA 75.00 01-Mar-2005 243,000.00 242,999.71 Group 2 0002342002 UT 75.00 01-Mar-2005 135,000.00 134,962.03 Group 2 0002344439 MD 80.00 01-May-2005 268,400.00 268,400.00 Group 2 0023090305 FL 73.97 01-Feb-2005 171,600.00 171,599.99

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0002287132 Loan Paid in Full 0 6.000% 360 4 Group 1 0002344029 Loan Paid in Full 0 6.750% 360 4 Group 1 0002344530 Loan Paid in Full 0 7.000% 360 3 Group 1 0002346376 Loan Paid in Full 0 8.250% 360 4 Group 1 0002348330 Loan Paid in Full (1) 7.750% 360 3 Group 1 0002348907 Loan Paid in Full (1) 7.500% 360 3 Group 1 0002349278 Loan Paid in Full 0 6.875% 360 4 Group 1 0002355997 Loan Paid in Full 0 6.000% 360 4 Group 1 0012156068 Loan Paid in Full 0 9.250% 360 4 Group 1 0023419823 Loan Paid in Full 0 6.500% 360 7 Group 1 0051115301 Loan Paid in Full (2) 6.625% 360 5 Group 1 0400599512 Loan Paid in Full 1 6.625% 360 5 Group 2 0002237814 Loan Paid in Full 0 5.750% 180 7 Group 2 0002238203 Loan Paid in Full 0 5.750% 180 5 Group 2 0002313195 Loan Paid in Full 0 5.500% 180 4 Group 2 0002325484 Loan Paid in Full 0 6.125% 180 5 Group 2 0002328905 Loan Paid in Full 0 7.250% 180 9 Group 2 0002333715 Loan Paid in Full 0 6.500% 180 8 Group 2 0002335868 Loan Paid in Full 0 6.250% 180 8 Group 2 0002338733 Loan Paid in Full 0 6.500% 180 6 Group 2 0002339898 Loan Paid in Full 0 6.625% 180 7 Group 2 0002341825 Loan Paid in Full (1) 7.000% 180 6 Group 2 0002342002 Loan Paid in Full 0 6.750% 180 6 Group 2 0002344439 Loan Paid in Full 0 6.375% 180 4 Group 2 0023090305 Loan Paid in Full 0 6.875% 180 7

Summary SMM CPR PSA Current Month 1.805% Current Month 19.637% Current Month 1,813.162% 3 Month Average 1.909% 3 Month Average 20.578% 3 Month Average 2,377.676% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 13.307% N/A Jun-2005 2,736.849% N/A Jul-2005 16.923% N/A Jul-2005 2,470.227% N/A Aug-2005 25.174% N/A Aug-2005 2,849.638% N/A Sep-2005 19.637% N/A Sep-2005 1,813.162% 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 1.655% Current Month 18.153% Current Month 1,987.345% 3 Month Average 2.004% 3 Month Average 21.359% 3 Month Average 3,104.257% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 14.887% N/A Jun-2005 4,743.813% N/A Jul-2005 16.276% N/A Jul-2005 3,165.108% N/A Aug-2005 29.648% N/A Aug-2005 4,160.316% N/A Sep-2005 18.153% N/A Sep-2005 1,987.345% 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 1.939% Current Month 20.936% Current Month 1,696.260% 3 Month Average 1.823% 3 Month Average 19.791% 3 Month Average 1,935.493% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 11.865% N/A Jun-2005 1,852.156% N/A Jul-2005 17.499% N/A Jul-2005 2,087.366% N/A Aug-2005 20.940% N/A Aug-2005 2,022.854% N/A Sep-2005 20.936% N/A Sep-2005 1,696.260% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 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 N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 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 N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 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 N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 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 N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 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 N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 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-AC3