8-K 1 bsa05ac7_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-AC7 (Exact name of registrant as specified in its charter) New York (governing law of 333-125422-20 Pooling and Servicing Agreement) (Commission 54-2184243 (State or other File Number) 54-2184244 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES I TRUST, Asset Backed Certificates, Series 2005-AC7 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-AC7 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-AC7 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-AC7 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 BSABS 2005-AC7 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 I Asset Backed Certificates Record Date: 9/30/2005 Distribution Date: 10/25/2005 Bear Stearns Asset Backed Securities I Asset Backed Certificates Series BSABS 2005-AC7 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ A-1 073879T24 ~~SEN~~ 4.~~02000~~49375% 5553,~~000~~860,~~000~~271.0057 ~~153~~201,~~541~~695.6750 A-2 073879T32 ~~SEN 8~~7.~~75600~~71375% 2524,~~000~~481,~~000~~941.0062 ~~152~~157,~~013~~372.8998 A-3 073879T40 ~~SEN~~ 5.50000% 7573,~~000~~445,~~000~~824.0087 ~~343~~336,~~750~~626.0071 A-4 073879T57 ~~SEN~~ 5.50000% ~~102~~100,~~296~~176,~~000~~188.0001 ~~468~~459,~~856~~140.6787 M-1 073879T65 ~~MEZ~~ 4.~~34063~~69375% 18,~~755~~366,~~000~~352.0060 5671,~~533~~839.6922 M-2 073879T73 ~~MEZ~~ 4.~~49063~~84375% 1716,~~109~~754,~~000~~461.0057 5367,~~354~~628.3069 M-3 073879T81 ~~MEZ~~ 4.~~57063~~92375% 6,~~580~~443,~~000~~647.0003 2026,~~885~~439.2409 B-1 073879T99 ~~SUB~~ 5.~~04063~~39375% 6,~~580~~443,~~000~~647.0003 2328,~~032~~962.8885 B-2 073879U22 ~~SUB~~ 5.~~19063~~54375% 6,~~909~~765,~~000~~829.0039 2431,~~904~~256.2172 B-3 073879U30 ~~SUB~~ 5.~~59063~~94375% 5,~~922~~799,~~000~~282.0033 2228,~~991~~724.4757 B-4 073879U63 ~~SUB 6~~7.~~84063~~19375% 7,~~568~~411,~~000~~173.0037 3544,~~951~~428.3144 R-1 073879U71 ~~RES~~ 0.00000% 0.00 0.00 R-2 073879U89 ~~RES~~ 0.00000% 0.00 0.00 P 073879U55 ~~SEN~~ 0.00000% 100.00 733,~~992~~544.7630 C 073879U48 ~~SEN~~ 0.00000% 2,~~303~~304,~~924~~024.89 ~~373~~226,~~971~~325.2957 Totals ~~329~~322,~~023~~252,~~024~~744.8928 1,~~737~~713,~~779~~985.3851

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses A-1 ~~524~~696,~~825~~802.1165 0.00 5453,~~475~~163,~~174~~468.8992 ~~678~~898,~~366~~498.7815 0.00 A-2 ~~238~~316,~~556~~728.8748 0.00 24,~~761~~165,~~443~~213.1314 ~~390~~474,~~570~~101.7646 0.00 A-3 ~~715~~950,~~670~~185.6043 0.00 7472,~~284~~495,~~329~~639.4043 1,~~059~~286,~~420~~812.6014 0.00 A-4 ~~976~~1,~~136~~296,002.5325 0.00 ~~101~~98,~~319~~880,~~863~~185.4775 1,~~444~~755,~~993~~143.2012 0.00 M-1 ~~178~~237,~~965~~609.3670 0.00 18,~~576~~128,~~034~~742.6490 ~~235~~309,~~499~~448.0592 0.00 M-2 ~~163~~216,~~258~~756.7830 0.00 16,~~945~~537,~~741~~705.2227 ~~216~~284,~~613~~384.0899 0.00 M-3 6283,~~788~~362.1794 0.00 6,~~517~~360,~~211~~284.8310 83109,~~673~~802.4103 0.00 B-1 6283,~~788~~362.1794 0.00 6,~~517~~360,~~211~~284.8310 85112,~~821~~325.0579 0.00 B-2 6587,~~927~~531.5808 0.00 6,~~843~~678,~~072~~298.4230 90118,~~831~~787.7980 0.00 B-3 5675,~~509~~026.3564 0.00 5,~~865~~724,~~490~~255.6569 79103,~~500~~751.8221 0.00 B-4 7295,~~215~~880.9304 0.00 7,~~495~~315,~~784~~293.0732 ~~108~~140,~~167~~308.2448 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 100.00 733,~~992~~544.7630 0.00 C 0.00 0.00 2,303,924.89 ~~373~~226,~~971~~325.2957 0.00 Totals 34,~~117~~139,~~642~~248.45 0.00 ~~325~~318,~~905~~113,~~382~~395.4481 45,~~855~~853,~~421~~233.8396 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)~~ A-1 55,000,000.00 5553,~~000~~860,~~000~~271.0057 0.00 ~~524~~696,~~825~~802.1165 0.00 0.00 A-2 25,000,000.00 2524,~~000~~481,~~000~~941.0062 0.00 ~~238~~316,~~556~~728.8748 0.00 0.00 A-3 75,000,000.00 7573,~~000~~445,~~000~~824.0087 0.00 ~~715~~950,~~670~~185.6043 0.00 0.00 A-4 102,296,000.00 ~~102~~100,~~296~~176,~~000~~188.0001 0.00 ~~976~~1,~~136~~296,002.5325 0.00 0.00 M-1 18,755,000.00 18,~~755~~366,~~000~~352.0060 0.00 ~~178~~237,~~965~~609.3670 0.00 0.00 M-2 17,109,000.00 1716,~~109~~754,~~000~~461.0057 0.00 ~~163~~216,~~258~~756.7830 0.00 0.00 M-3 6,580,000.00 6,~~580~~443,~~000~~647.0003 0.00 6283,~~788~~362.1794 0.00 0.00 B-1 6,580,000.00 6,~~580~~443,~~000~~647.0003 0.00 6283,~~788~~362.1794 0.00 0.00 B-2 6,909,000.00 6,~~909~~765,~~000~~829.0039 0.00 6587,~~927~~531.5808 0.00 0.00 B-3 5,922,000.00 5,~~922~~799,~~000~~282.0033 0.00 5675,~~509~~026.3564 0.00 0.00 B-4 7,568,000.00 7,~~568~~411,~~000~~173.0037 0.00 7295,~~215~~880.9304 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 C 2,~~303~~304,~~924~~024.89 2,~~303~~304,~~924~~024.89 0.00 0.00 0.00 0.00 Totals 329,023,~~024~~124.89 ~~329~~322,~~023~~252,~~024~~744.8928 0.00 34,~~117~~139,~~642~~248.45 0.00 0.00 ~~(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal ~~Class~~ Reduction Balance Percentage Distribution A-1 ~~524~~696,~~825~~802.1165 5453,~~475~~163,~~174~~468.8992 0.~~99045773~~966609 ~~524~~696,~~825~~802.1165 A-2 ~~238~~316,~~556~~728.8748 24,~~761~~165,~~443~~213.1314 0.~~99045773~~966609 ~~238~~316,~~556~~728.8748 A-3 ~~715~~950,~~670~~185.6043 7472,~~284~~495,~~329~~639.4043 0.~~99045773~~966609 ~~715~~950,~~670~~185.6043 A-4 ~~976~~1,~~136~~296,002.5325 ~~101~~98,~~319~~880,~~863~~185.4775 0.~~99045773~~966609 ~~976~~1,~~136~~296,002.5325 M-1 ~~178~~237,~~965~~609.3670 18,~~576~~128,~~034~~742.6490 0.~~99045773~~966609 ~~178~~237,~~965~~609.3670 M-2 ~~163~~216,~~258~~756.7830 16,~~945~~537,~~741~~705.2227 0.~~99045773~~966609 ~~163~~216,~~258~~756.7830 M-3 6283,~~788~~362.1794 6,~~517~~360,~~211~~284.8310 0.~~99045772~~966609 6283,~~788~~362.1794 B-1 6283,~~788~~362.1794 6,~~517~~360,~~211~~284.8310 0.~~99045772~~966609 6283,~~788~~362.1794 B-2 6587,~~927~~531.5808 6,~~843~~678,~~072~~298.4230 0.~~99045772~~966609 6587,~~927~~531.5808 B-3 5675,~~509~~026.3564 5,~~865~~724,~~490~~255.6569 0.~~99045773~~966609 5675,~~509~~026.3564 B-4 7295,~~215~~880.9304 7,~~495~~315,~~784~~293.0732 0.~~99045773~~966609 7295,~~215~~880.9304 R-1 0.00 0.00 0.~~00000000~~000000 0.00 R-2 0.00 0.00 0.~~00000000~~000000 0.00 P 0.00 100.00 1.~~00000000~~000000 0.00 C 0.00 2,303,924.89 10.~~00000000~~999957 0.00 Totals 34,~~117~~139,~~642~~248.45 ~~325~~318,~~905~~113,~~382~~395.4481 0.~~99052455~~966842 34,~~117~~139,~~642~~248.45

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1 55,000,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227473~~669139 0.~~00000000~~000000 A-2 25,000,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227480~~669139 0.~~00000000~~000000 A-3 75,000,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227467~~669139 0.~~00000000~~000000 A-4 102,296,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227467~~669139 0.~~00000000~~000000 M-1 18,755,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227459~~669139 0.~~00000000~~000000 M-2 17,109,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227483~~669139 0.~~00000000~~000000 M-3 6,580,000.00 ~~1000~~979.~~00000000~~277664 0.~~00000000~~000000 912.~~54227508~~669140 0.~~00000000~~000000 B-1 6,580,000.00 ~~1000~~979.~~00000000~~277664 0.~~00000000~~000000 912.~~54227508~~669140 0.~~00000000~~000000 B-2 6,909,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227529~~669139 0.~~00000000~~000000 B-3 5,922,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227457~~669139 0.~~00000000~~000000 B-4 7,568,000.00 ~~1000~~979.~~00000000~~277665 0.~~00000000~~000000 912.~~54227405~~669138 0.~~00000000~~000000 R-1 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-2 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 100.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 C 2,~~303~~304,~~924~~024.89 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 A-1 0.~~00000000~~000000 912.~~54227473~~669139 ~~990~~966.~~45772527~~608526 0.~~99045773~~966609 912.~~54227473~~669139 A-2 0.~~00000000~~000000 912.~~54227480~~669139 ~~990~~966.~~45772520~~608526 0.~~99045773~~966609 912.~~54227480~~669139 A-3 0.~~00000000~~000000 912.~~54227467~~669139 ~~990~~966.~~45772533~~608526 0.~~99045773~~966609 912.~~54227467~~669139 A-4 0.~~00000000~~000000 912.~~54227467~~669139 ~~990~~966.~~45772533~~608526 0.~~99045773~~966609 912.~~54227467~~669139 M-1 0.~~00000000~~000000 912.~~54227459~~669139 ~~990~~966.~~45772541~~608526 0.~~99045773~~966609 912.~~54227459~~669139 M-2 0.~~00000000~~000000 912.~~54227483~~669139 ~~990~~966.~~45772517~~608526 0.~~99045773~~966609 912.~~54227483~~669139 M-3 0.~~00000000~~000000 912.~~54227508~~669140 ~~990~~966.~~45772492~~608526 0.~~99045772~~966609 912.~~54227508~~669140 B-1 0.~~00000000~~000000 912.~~54227508~~669140 ~~990~~966.~~45772492~~608526 0.~~99045772~~966609 912.~~54227508~~669140 B-2 0.~~00000000~~000000 912.~~54227529~~669139 ~~990~~966.~~45772471~~608525 0.~~99045772~~966609 912.~~54227529~~669139 B-3 0.~~00000000~~000000 912.~~54227457~~669139 ~~990~~966.~~45772543~~608526 0.~~99045773~~966609 912.~~54227457~~669139 B-4 0.~~00000000~~000000 912.~~54227405~~669138 ~~990~~966.~~45772595~~608525 0.~~99045773~~966609 912.~~54227405~~669138 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 C 0.~~00000000~~000000 0.~~00000000~~000000 ~~1,000~~999.~~00000000~~956598 10.~~00000000~~999957 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~~ A-1 ~~55,000,000.00~~11/01/05 - 11/30/05 30 4.~~02000~~49375% 5553,~~000~~860,~~000~~271.0057 ~~153~~201,~~541~~695.6750 0.00 ~~0.00~~ A-2 ~~25,000,000.00~~11/01/05 8- 11/30/05 30 7.~~75600~~71375% 2524,~~000~~481,~~000~~941.0062 ~~152~~157,~~013~~372.8998 0.00 ~~0.00~~ A-3 ~~75,000,000.00~~11/01/05 - 11/30/05 30 5.50000% 7573,~~000~~445,~~000~~824.0087 ~~343~~336,~~750~~626.0070 0.00 ~~0.00~~ A-4 ~~102,296,000.00~~11/01/05 - 11/30/05 30 5.50000% ~~102~~100,~~296~~176,~~000~~188.0001 ~~468~~459,~~856~~140.6786 0.00 ~~0.00~~ M-1 ~~18,755,000.00~~11/25/05 - 12/24/05 30 4.~~34063~~69375% 18,~~755~~366,~~000~~352.0060 5671,~~533~~839.6922 0.00 ~~0.00~~ M-2 ~~17,109,000.00~~11/25/05 - 12/24/05 30 4.~~49063~~84375% 1716,~~109~~754,~~000~~461.0057 5367,~~354~~628.3069 0.00 ~~0.00~~ M-3 ~~6,580,000.00~~11/25/05 - 12/24/05 30 4.~~57063~~92375% 6,~~580~~443,~~000~~647.0003 2026,~~885~~439.2409 0.00 ~~0.00~~ B-1 ~~6,580,000.00~~11/25/05 - 12/24/05 30 5.~~04063~~39375% 6,~~580~~443,~~000~~647.0003 2328,~~032~~962.8885 0.00 ~~0.00~~ B-2 ~~6,909,000.00~~11/25/05 - 12/24/05 30 5.~~19063~~54375% 6,~~909~~765,~~000~~829.0039 2431,~~904~~256.2172 0.00 ~~0.00~~ B-3 ~~5,922,000.00~~11/25/05 - 12/24/05 30 5.~~59063~~94375% 5,~~922~~799,~~000~~282.0033 2228,~~991~~724.4757 0.00 ~~0.00~~ B-4 11/25/05 - 12/24/05 30 7~~,568,000~~.~~00 6.84063~~19375% 7,~~568~~411,~~000~~173.0037 3544,~~951~~428.3144 0.00 ~~0.00~~ R-1 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R-2 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ C ~~2,303,924.89~~N/A N/A 0.00000% ~~329~~322,~~023~~252,~~025~~644.3228 0.00 0.00 ~~0.00~~ Totals ~~329,023,024.89~~ 1,~~355~~454,~~815~~115.3362 0.00 ~~0.00~~

Interest Distribution Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total ~~Unpaid~~Remaining ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Unpaid Interest Certificate/Notional ~~Class~~ Shortfall ~~Losses~~ (41) Shortfall Distribution Shortfall(2) Balance A-1 0.00 0.00 ~~153~~201,~~541~~695.6750 0.00 5453,~~475~~163,~~174~~468.8992 A-2 0.00 0.00 ~~152~~157,~~013~~372.8998 0.00 24,~~761~~165,~~443~~213.1314 A-3 0.00 (0.0001) ~~343~~336,~~750~~626.0071 0.00 7472,~~284~~495,~~329~~639.4043 A-4 0.00 (0.0001) ~~468~~459,~~856~~140.6787 0.00 ~~101~~98,~~319~~880,~~863~~185.4775 M-1 0.00 0.00 5671,~~533~~839.6922 0.00 18,~~576~~128,~~034~~742.6490 M-2 0.00 0.00 5367,~~354~~628.3069 0.00 16,~~945~~537,~~741~~705.2227 M-3 0.00 0.00 2026,~~885~~439.2409 0.00 6,~~517~~360,~~211~~284.8310 B-1 0.00 0.00 2328,~~032~~962.8885 0.00 6,~~517~~360,~~211~~284.8310 B-2 0.00 0.00 2431,~~904~~256.2172 0.00 6,~~843~~678,~~072~~298.4230 B-3 0.00 0.00 2228,~~991~~724.4757 0.00 5,~~865~~724,~~490~~255.6569 B-4 0.00 0.00 3544,~~951~~428.3144 0.00 7,~~495~~315,~~784~~293.0732 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 733,~~992~~544.7630 0.00 100.00 C 0.00 0.00 ~~373~~226,~~971~~325.2957 0.00 ~~325~~318,~~905~~113,~~382~~395.4483 Totals 0.00 (0.0002) 1,~~737~~713,~~779~~985.3851 0.00 (41,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~ or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~applicable

Interest Distribution Factors Statement ~~Beginning~~Class ~~Payment~~Accrual of Original Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of Dates Face Certificate Certificate/Notional Accrued ~~Interest~~Unpaid Interest ~~Class (5)~~ Amount Rate Balance Interest Shortfall ~~Shortfall~~ A-1 11/01/05 - 11/30/05 55,000,000.00 4.~~02000~~49375% ~~1000~~979.~~00000000~~277665 23.~~79166673~~667191 0.~~00000000~~000000 ~~0.00000000~~ A-2 11/01/05 - 11/30/05 25,000,000.00 87.~~75600~~71375% ~~1000~~979.~~00000000~~277665 6.~~08055560~~294919 0.~~00000000~~000000 ~~0.00000000~~ A-3 11/01/05 - 11/30/05 75,000,000.00 5.50000% ~~1000~~979.~~00000000~~277665 4.~~58333333~~488356 0.~~00000000~~000000 ~~0.00000000~~ A-4 11/01/05 - 11/30/05 102,296,000.00 5.50000% ~~1000~~979.~~00000000~~277665 4.~~58333337~~488356 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/24/05 18,755,000.00 4.~~34063~~69375% ~~1000~~979.~~00000000~~277665 3.~~01432631~~830404 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/24/05 17,109,000.00 4.~~49063~~84375% ~~1000~~979.~~00000000~~277665 3.~~11849319~~952814 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/24/05 6,580,000.00 4.~~57063~~92375% ~~1000~~979.~~00000000~~277664 34.~~17404863~~018099 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/24/05 6,580,000.00 5.~~04063~~39375% ~~1000~~979.~~00000000~~277664 34.~~50043769~~401649 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/24/05 6,909,000.00 5.~~19063~~54375% ~~1000~~979.~~00000000~~277665 34.~~60460414~~524058 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/24/05 5,922,000.00 5.~~59063~~94375% ~~1000~~979.~~00000000~~277665 34.~~88238264~~850485 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/25/05 - 12/24/05 7,568,000.00 67.~~84063~~19375% ~~1000~~979.~~00000000~~277665 45.~~75043737~~870566 0.~~00000000~~000000 ~~0.00000000~~ R-1 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-2 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ C N/A 2,~~303~~304,~~924~~024.89 0.00000% ~~142809~~139865.~~78809166~~088124 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 A-1 0.~~00000000~~000000 0.~~00000000~~000000 23.~~79166673~~667191 0.~~00000000~~000000 ~~990~~966.~~45772527~~608526 A-2 0.~~00000000~~000000 0.~~00000000~~000000 6.~~08055560~~294919 0.~~00000000~~000000 ~~990~~966.~~45772520~~608526 A-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~58333333~~488356 0.~~00000000~~000000 ~~990~~966.~~45772533~~608526 A-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~58333337~~488356 0.~~00000000~~000000 ~~990~~966.~~45772533~~608526 M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~01432631~~830404 0.~~00000000~~000000 ~~990~~966.~~45772541~~608526 M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~11849319~~952814 0.~~00000000~~000000 ~~990~~966.~~45772517~~608526 M-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~17404863~~018099 0.~~00000000~~000000 ~~990~~966.~~45772492~~608526 B-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~50043769~~401649 0.~~00000000~~000000 ~~990~~966.~~45772492~~608526 B-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~60460414~~524058 0.~~00000000~~000000 ~~990~~966.~~45772471~~608525 B-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~88238264~~850485 0.~~00000000~~000000 ~~990~~966.~~45772543~~608526 B-4 0.~~00000000~~000000 0.~~00000000~~000000 45.~~75043737~~870566 0.~~00000000~~000000 ~~990~~966.~~45772595~~608525 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 ~~79927~~335443.~~60000000~~000000 0.~~00000000~~000000 1000.~~00000000~~000000 C 0.~~00000000~~000000 0.~~00000000~~000000 ~~162~~98.~~31921953~~230523 0.~~00000000~~000000 ~~141456~~138068.~~60036686~~558726 (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~~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 ~~4,843,347.19~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 85,633.47 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,928,980.66 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 76,840.80 Payment of Interest and Principal 4,855,421.83 Total Withdrawals (Pool Distribution Amount) 4,932,262.63 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* 6866,~~373~~963.9139 Master Servicing Fee 3,~~281~~214.9726 Misc. Fee 5,~~184~~179.9208 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees 7675,~~840~~356.8073 *Servicer Payees include: EMC MTG CORP; GMAC MTG CORP; GREENPOINT MTG FUNDING, INC; HARBOURSIDE MORTGAGE; PHH US MTG CORP; 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 5,000.00 250,~~795~~945.0270 250,~~795~~945.0270 5,000.00 Class P Certificate ~~Account~~ 100.00 0.00 0.00 100.00 Account

~~LOAN~~COLLATERAL ~~STATUS~~STATEMENT ~~STRATIFICATION/CREDIT~~Collateral ~~ENHANCEMENT~~Description ~~STATEMENT~~Mixed ~~DELINQUENT~~ARM ~~BANKRUPTCY~~Weighted ~~FORECLOSURE~~Average ~~REO~~Gross ~~Total~~Coupon No6.571921% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~6.321921% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of6.290586% ~~Loans~~Weighted NoAverage ofRemaining ~~Loans~~Term ~~Principal~~356 ~~Balance~~Beginning ~~Principal~~Scheduled ~~Balance~~Collateral ~~Principal~~Loan ~~Balance~~Count ~~Principal~~1,063 ~~Balance~~Number ~~Principal~~Of ~~Balance~~Loans ~~0-29~~Paid ~~Days~~In 1Full 015 0Ending 1Scheduled ~~281,600.00~~Collateral ~~0.00~~Loan ~~0.00~~Count ~~281~~1,~~600.00~~048 30Beginning ~~Days~~Scheduled 38Collateral 0Balance ~~0 0 38 12~~321,~~829~~424,~~609~~397.5728 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 12Balance 317,~~829~~489,~~609~~601.5753 60Ending ~~Days~~Actual 5Collateral 0Balance 0at 030-Nov-2005 ~~5 1~~317,~~771~~638,~~158~~822.3546 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant 1,~~771~~947,~~158~~272.3581 90Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Amount ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Count ~~150 Days~~ 0 0Prepayment 0Penalty 0Paid 0Amount 033,544.0030 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+~~Not ~~Days~~Available 0Realized 0Loss 0Amount 0 ~~0 0~~.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled 43Principal ~~1 0 0 44 14~~186,~~600,767~~959.9268 ~~281,600.00~~Unscheduled ~~0.00~~Principal ~~0.00 14~~3,~~882~~747,~~367~~836.92 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 0.092937% 0.000000% 0.000000% 0.092937% 0.086594% 0.000000% 0.000000% 0.086594% 30 Days 3.531599% 0.000000% 0.000000% 0.000000% 3.531599% 3.945206% 0.000000% 0.000000% 0.000000% 3.945206% 60 Days 0.464684% 0.000000% 0.000000% 0.000000% 0.464684% 0.544645% 0.000000% 0.000000% 0.000000% 0.544645% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.996283% 0.092937% 0.000000% 0.000000% 4.089219% 4.489851% 0.086594% 0.000000% 0.000000% 4.576445%07

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Deal ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~3 Month Rolling Average Delinquency 0.00010925% ~~Principal~~Extra ~~Balance~~Prin ofDistribution ~~Contaminated~~277,271.30 ~~Properties~~Overcollateralization 0Amount 2,304,024.0089 ~~Periodic~~Target ~~Advance~~Overcollateralization 852,~~633~~304,024.4789 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 ~~Nov~~No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-0429 Days 1 0 0 1 281,600.~~000%~~00 ~~Original~~0.00 ~~Principal~~0.00 ~~Balance~~281,600.00 30 Days 42 0 0 0 42 11,004,334.07 0.00 ~~Dec-04~~0.00 0.~~000%~~00 ~~Current~~11,004,334.07 ~~Principal~~60 ~~Balance~~Days 11 0 0 0 11 4,149,848.66 0.00 ~~Jan~~0.00 0.00 4,149,848.66 90 Days 4 0 0 0 4 1,247,128.68 0.00 0.00 0.00 1,247,128.68 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 57 1 0 0 58 16,401,311.41 281,600.00 0.00 0.00 16,682,911.41 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 0-0529 Days 0.~~000~~095420% ~~Feb-05~~0.000000% 0.~~000~~000000% ~~Current~~0.095420% ~~REO~~0.088654% ~~Total~~0.000000% ~~Mar-05~~0.000000% 0.~~000~~088654% ~~Loans~~30 inDays ~~REO~~4.007634% 0.000000% ~~Apr-05~~0.000000% 0.~~000~~000000% ~~Original~~4.007634% ~~Principal~~3.464417% ~~Balance~~0.000000% 0.00000000% ~~May-05~~0.000000% 3.464417% 60 Days 1.049618% 0.~~000~~000000% ~~Current~~0.000000% ~~Principal~~0.000000% ~~Balance~~1.049618% 1.306468% 0.00000000% ~~Jun-05~~0.000000% 0.~~000~~000000% ~~Jul-05~~1.306468% 90 Days 0.~~000~~381679% ~~Aug-05~~0.000000% 0.~~000~~000000% ~~Sep-05~~0.000000% 0.~~000~~381679% ~~Oct-05~~0.392625% 0.~~000~~000000% *The0.000000% ~~text~~0.000000% ~~reported~~0.392625% in120 ~~the~~Days ~~above~~0.000000% ~~table~~0.000000% is0.000000% ~~presented~~0.000000% ~~graphically~~0.000000% on0.000000% ~~the~~0.000000% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.000000% ~~report~~150 Days 0.000000% ~~The~~0.000000% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.000000% ~~report~~0.000000% ~~can~~0.000000% be0.000000% ~~viewed~~0.000000% ~~online~~0.000000% at180+ ~~www~~Days 0.~~ctslink~~000000% 0.~~com~~000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.438931% 0.095420% 0.000000% 0.000000% 5.534351% 5.163510% 0.088654% 0.000000% 0.000000% 5.252164%

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 ~~Nov~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Dec~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Jan~~Mar-05 0.000% ~~Feb~~Apr-05 0.000% Current Foreclosure Total ~~Mar~~May-05 0.000% Loans in Foreclosure 0 ~~Apr~~Jun-05 0.000% Original Principal Balance 0.00 ~~May~~Jul-05 0.000% Current Principal Balance 0.00 ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% ~~Sep~~Nov-05 0.000% ~~Oct~~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.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Mixed~~History* ~~ARM~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Gross~~Month ~~Coupon~~Bankruptcy ~~6.589060%~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Net~~Bankruptcy ~~Coupon~~0 6Jan-05 0.~~339689~~000% ~~Weighted~~Original ~~Average~~Principal ~~Pass-Through~~Balance ~~Rate~~0.00 6Feb-05 0.~~308809~~000% ~~Weighted~~Current ~~Average~~Principal ~~Maturity(Stepdown~~Balance ~~Calculation)~~0.00 ~~357~~Mar-05 ~~Beginning~~0.000% ~~Scheduled~~Apr-05 ~~Collateral~~0.000% ~~Loan~~Current ~~Count~~Bankruptcy ~~1,088~~Total ~~Number~~May-05 Of0.000% Loans ~~Paid~~in InBankruptcy ~~Full~~1 12Jun-05 ~~Ending~~0.000% ~~Scheduled~~Original ~~Collateral~~Principal ~~Loan~~Balance ~~Count 1~~281,~~076~~600.00 ~~Beginning~~Jul-05 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~329~~281,~~023,124~~600.8900 ~~Ending~~Aug-05 ~~Scheduled~~0.000% ~~Collateral~~Sep-05 ~~Balance 325,905,382~~0.44000% ~~Ending~~Oct-05 ~~Actual~~0.087% ~~Collateral~~Nov-05 ~~Balance~~0.088% ~~at 30~~Dec-~~Sep-2005~~05 ~~325,194,960~~0.49089% ~~Monthly~~*The ~~P&I~~text ~~Constant~~reported ~~1,992,823.83~~in ~~Special~~the ~~Servicing~~above ~~Fee~~table ~~0.00~~is ~~Prepayment~~presented ~~Penalties~~graphically ~~0.00~~on ~~Realized~~the ~~Loss~~monthly ~~Amount~~bond 0remittance report.00 ~~Cumulative~~The ~~Realized~~monthly ~~Loss~~bond ~~0.00~~remittance ~~Scheduled~~report ~~Principal~~can ~~186,196.86~~be ~~Unscheduled~~viewed ~~Principal~~online ~~2,931,446~~at www.02ctslink.com.

~~Pre~~Bankruptcy Detail -~~funding~~ ~~amount~~All ~~828~~Mortgage Loans in Bankruptcy during Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance Summary 0025616007 Dec-2005 01-Sep-2005 MD 80.00 281,~~247~~600.00

~~COLLATERAL~~Bankruptcy ~~STATEMENT~~Detail ~~Collateral~~- ~~Description~~All ~~Mixed~~Mortgage ~~ARM~~Loans ~~Weighted~~in ~~Average~~Bankruptcy ~~Coupon~~during ~~Rate~~Current ~~6.589060%~~Period ~~Weighted~~(continued) ~~Average~~Group ~~Net~~Loan ~~Rate~~Current ~~6.339689%~~Paid ~~Weighted~~To ~~Average~~Months ~~Pass~~Current ~~Through~~Approximate ~~Rate~~Number ~~6.308809%~~Principal ~~Weighted Average Maturity 357 Record~~ Date ~~09/30/2005~~Delinquent ~~Principal and Interest Constant 1,992,823.83 Beginning~~ Loan ~~Count~~Rate ~~1,088~~Delinquent ~~Loans Paid in Full 12 Ending Loan Count 1,076 Beginning Scheduled~~ Balance ~~329,023,124.89~~Interest ~~Ending~~Summary ~~Scheduled~~0025616007 ~~Balance 325~~281,~~905,382~~600.4400 ~~Ending Actual Balance at 30~~01-~~Sep~~Nov-2005 ~~325,194,960.49 Scheduled Principal 186,196.86 Unscheduled Principal 2,931,446.02 Scheduled Interest 1,806,626.97 Servicing Fee 68,373.91 Master Servicing Fee 3,281.97 Trustee Fee~~ 0~~.00~~ ~~FRY Amount 0~~6.00375% ~~Special Hazard Fee 0.00 Other Fee 5,184.92 Pool Insurance Fee 0.00 Spread 1 0.00 Spread~~ 2 ~~0.00 Spread 3 0.00 Net Interest 1~~,~~729,786~~874.~~17 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 0.00~~66

Miscellaneous Reporting 3 Month Rolling Average Delinquency 0.005433% Extra Prin Distribution 376,766.31 Overcollateralization Amount 2,304,024.89 Target Overcollateralization 2,304,024.89 Yield Maintenance 0.00

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 Total 12 2,633,664.00 2,629,840.18 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 Total 0 0.00 0.00 0 0.00 0.00 303,402.21

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0000424434 TX 85.00 01-Sep-2005 286,875.00 286,498.41 Summary 0000793830 FL 80.00 01-Jul-2005 199,200.00 198,456.09 Summary 0000795295 CA 70.44 01-Jul-2005 553,000.00 550,884.71 Summary 0000802418 FL 80.00 01-Aug-2005 400,000.00 398,855.45 Summary 0002292281 WA 80.00 01-Sep-2005 133,599.00 133,467.04 Summary 0002292352 WA 80.00 01-Sep-2005 133,599.00 133,467.04 Summary 0002292657 WA 80.00 01-Oct-2005 133,599.00 133,533.28 Summary 0002366093 NJ 80.00 01-Oct-2005 136,000.00 136,000.00 Summary 0002378327 VA 75.00 01-Aug-2005 221,250.00 220,790.19 Summary 0079826137 KY 90.00 01-Aug-2005 126,450.00 126,105.21 Summary 0905070527 OR 80.00 01-Sep-2005 224,592.00 224,592.00 Summary 1103428777 MO 90.00 01-Aug-2005 85,500.00 85,394.39

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0000424434 Loan Paid in Full 0 8.125% 360 1 Summary 0000793830 Loan Paid in Full 0 6.375% 360 3 Summary 0000795295 Loan Paid in Full 0 6.250% 360 3 Summary 0000802418 Loan Paid in Full 0 6.250% 360 2 Summary 0002292281 Loan Paid in Full 0 9.500% 360 1 Summary 0002292352 Loan Paid in Full 0 9.500% 360 1 Summary 0002292657 Loan Paid in Full 0 9.500% 360 0 Summary 0002366093 Loan Paid in Full 0 8.500% 360 0 Summary 0002378327 Loan Paid in Full 0 7.875% 360 2 Summary 0079826137 Loan Paid in Full 0 6.500% 360 2 Summary 0905070527 Loan Paid in Full 0 7.375% 360 1 Summary 1103428777 Loan Paid in Full 0 10.375% 360 2

Summary SMM CPR PSA Current Month 0.894% Current Month 10.213% Current Month 3,509.635% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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. Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 10.213% N/A Oct-2005 3,509.635% 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. ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 N/A N/A ~~Mar~~May-2005 N/A N/A ~~Apr~~Jun-2005 N/A N/A ~~Apr~~Jun-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Oct-2005 ~~N/A~~0.000% N/A ~~Sep~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Nov-2005 ~~N/A~~0.000% N/A ~~Oct~~Dec-2005 0.000% N/A ~~Oct~~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. ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 N/A N/A ~~Mar~~May-2005 N/A N/A ~~Apr~~Jun-2005 N/A N/A ~~Apr~~Jun-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~May~~Jul-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jun~~Aug-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Jul~~Sep-2005 N/A N/A ~~Aug~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Oct-2005 ~~N/A~~0.000% N/A ~~Sep~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Nov-2005 ~~N/A~~0.000% N/A ~~Oct~~Dec-2005 0.000% N/A ~~Oct~~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-AC7