8-K 1 mlc05001_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 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2005-1 (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-42 Pooling and Servicing Agreement) (Commission 54-2173148 (State or other File Number) 54-2173149 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 MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the December 27, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the December 27, 2005 distribution. EX-99.1 Merrill Lynch Credit Corp Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Merrill Lynch Credit Corp Mortgage Pass-Through Certificates Series MLCC 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Series MLCC 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ 1-A-1 59020UUJ2 ~~SEN~~ 4.~~72782~~73912% ~~100~~92,~~752~~406,~~978~~327.9552 ~~396~~364,~~951~~937.8244 2-A-1 59020UUK9 ~~SEN~~ 4.~~97278~~97616% 7775,~~691~~600,~~045~~470.0060 ~~321~~313,~~950~~500.3109 2-A-2 59020UVJ1 ~~SEN~~ 4.~~97278~~97616% 9491,~~103~~571,~~278~~070.2501 ~~389~~379,~~962~~726.3198 2-A-3 59020UVK8 ~~SEN~~ 4.~~97278~~97616% 32,~~010~~929,~~527~~518.9924 12,~~475~~148.5713 2-A-4 59020UVL6 ~~SEN~~ 4.~~97278~~97616% 7572,~~405~~649,~~729~~385.4147 ~~312~~301,~~480~~262.0052 2-A-5 59020UVM4 ~~SEN~~ 4.~~97278~~97616% 27,027,000.00 ~~111~~112,~~999~~075.4158 M-1 59020UUL7 ~~MEZ~~ 4.~~90510~~91068% 4,273,~~771~~417.8274 17,~~469~~487.4281 M-2 59020UUM5 ~~MEZ~~ 4.~~90510~~91068% 3,255,~~826~~556.1743 13,~~308~~322.4749 M-3 59020UUN3 ~~MEZ~~ 4.~~90510~~91068% 2,237,~~880~~695.5211 9,~~147~~157.5316 B-1 59020UUP8 ~~SUB~~ 4.~~90510~~91068% 1,220,~~934~~833.8166 4,~~990~~995.6893 B-2 59020UUQ6 ~~SUB~~ 4.~~90510~~91068% 202,~~989~~972.1634 ~~829~~830.7461 B-3 59020UUR4 ~~SUB~~ 4.~~90510~~91068% 1,427,~~372~~254.7549 5,~~834~~840.5165 R-1 59020UVN2 ~~SEN~~ 4.~~90306~~90378% 0.00 0.00 R-2 59020UVP7 ~~SEN~~ 4.~~90306~~90378% 0.00 0.3128 Totals ~~390~~374,~~609~~801,~~334~~501.8361 1,~~597~~535,~~400~~285.0867

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses 1-A-1 31,~~630~~247,~~032~~748.4050 0.00 9791,~~122~~158,~~946~~579.5602 41,~~026~~612,~~984~~685.2294 0.00 2-A-1 ~~688~~580,~~620~~588.0173 0.00 7775,~~002~~019,~~424~~881.9986 1894,~~010,570~~088.3282 0.00 2-A-2 ~~834~~703,~~090~~238.9810 0.00 9390,~~269~~867,~~187~~831.2791 1,~~224~~082,~~053~~965.2908 0.00 2-A-3 2622,~~684~~497.0381 0.00 2,~~983~~907,~~843~~020.9742 3934,~~159~~645.6094 0.00 2-A-4 ~~907~~765,~~919~~484.6647 0.00 7471,~~497~~883,~~809~~900.7599 1,~~220~~066,~~399~~746.6699 0.00 2-A-5 0.00 0.00 27,027,000.00 ~~111~~112,~~999~~075.4158 0.00 M-1 8699.7265 0.00 4,273,~~685~~318.1009 17,~~556~~587.1446 0.00 M-2 6675.0691 0.00 3,255,~~760~~480.1151 13,~~374~~398.5340 0.00 M-3 4552.4118 0.00 2,237,~~835~~642.1193 9,~~192~~209.9434 0.00 B-1 2428.7747 0.00 1,220,~~910~~805.0419 5,~~015~~024.4540 0.00 B-2 4.1273 0.00 202,~~985~~967.0461 ~~833~~835.8634 0.00 B-3 2833.9628 0.00 1,427,~~343~~221.7921 5,~~863~~873.4793 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.3128 0.00 Totals 63,~~087~~319,~~603~~851.1283 0.00 ~~384~~371,~~521~~481,~~731~~649.7374 74,~~685~~855,~~003~~137.2050 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~ This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (~~1~~) 1~~-A-1 108,952,000.00 ~~100~~92,~~752~~406,~~978~~327.9552 2,~~321~~985.4329 31,~~627~~244,~~710~~763.9721 0.00 0.00 2-A-1 80,000,000.00 7775,~~691~~600,~~045~~470.0060 1,~~494~~503.8052 ~~687~~579,~~125~~085.2021 0.00 0.00 2-A-2 96,900,000.00 9491,~~103~~571,~~278~~070.2501 1,~~810~~821.5814 ~~832~~701,~~280~~416.4096 0.00 0.00 2-A-3 3,100,000.00 32,~~010~~929,~~527~~518.9924 5758.92 26 22,~~626~~439.1055 0.00 0.00 2-A-4 78,450,000.00 7572,~~405~~649,~~729~~385.4147 1,~~970~~982.8434 ~~905~~763,~~948~~502.8114 0.00 0.00 2-A-5 27,027,000.00 27,027,000.00 0.00 0.00 0.00 0.00 M-1 4,274,000.00 4,273,~~771~~417.8274 8699.7265 0.00 0.00 0.00 M-2 3,256,000.00 3,255,~~826~~556.1743 6675.0691 0.00 0.00 0.00 M-3 2,238,000.00 2,237,~~880~~695.5211 4552.4118 0.00 0.00 0.00 B-2 203,000.00 202,~~989~~972.1634 4.1273 0.00 0.00 0.00 B-3 1,427,448.96 1,427,~~372~~254.7549 2833.9628 0.00 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 Totals 405,827,448.96 ~~389~~373,~~388~~580,~~400~~667.0295 78,~~886~~616.8430 63,~~079~~311,~~691~~207.4807 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 1-A-1 31,~~630~~247,~~032~~748.4050 9791,~~122~~158,~~946~~579.5602 0.~~89142876~~836686 31,~~630~~247,~~032~~748.4050 2-A-1 ~~688~~580,~~620~~588.0173 7775,~~002~~019,~~424~~881.9986 0.~~96253031~~937749 ~~688~~580,~~620~~588.0173 2-A-2 ~~834~~703,~~090~~238.9810 9390,~~269~~867,~~187~~831.2791 0.~~96253031~~937749 ~~834~~703,~~090~~238.9810 2-A-3 2622,~~684~~497.0381 2,~~983~~907,~~843~~020.9742 0.~~96253031~~937749 2622,~~684~~497.0381 2-A-4 ~~907~~765,~~919~~484.6647 7471,~~497~~883,~~809~~900.7599 0.~~94962154~~916302 ~~907~~765,~~919~~484.6647 2-A-5 0.00 27,027,000.00 1.~~00000000~~000000 0.00 M-1 8699.7265 4,273,~~685~~318.1009 0.~~99992632~~999840 8699.7265 M-2 6675.0691 3,255,~~760~~480.1151 0.~~99992632~~999840 6675.0691 M-3 4552.4118 2,237,~~835~~642.1193 0.~~99992632~~999840 4552.4118 B-2 4.1273 202,~~985~~967.0461 0.~~99992631~~999840 4.1273 B-3 2833.9628 1,427,~~343~~221.7921 0.~~99992632~~999840 2833.9628 R-1 0.00 0.00 0.~~00000000~~000000 0.00 R-2 0.00 0.00 0.~~00000000~~000000 0.00 Totals 63,~~087~~319,~~578~~823.3536 ~~383~~370,~~300~~260,~~821~~844.6955 0.~~94449211~~912360 63,~~087~~319,~~578~~823.3536

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ 1-A-1 108,952,000.00 ~~924~~848.~~74648423~~137965 0.~~02130691~~027400 3311.~~29641466~~424877 0.~~00000000~~000000 2-A-1 80,000,000.00 ~~971~~945.~~13806250~~005883 0.~~01868500~~018794 87.~~58906500~~238565 0.~~00000000~~000000 2-A-2 96,900,000.00 ~~971~~945.~~13806244~~005882 0.~~01868504~~018794 87.~~58906502~~238565 0.~~00000000~~000000 2-A-3 3,100,000.00 ~~971~~945.~~13806129~~005884 0.~~01868387~~018794 87.~~58906452~~238565 0.~~00000000~~000000 2-A-4 78,450,000.00 ~~961~~926.~~19476622~~059726 0.~~02512224~~025269 119.~~54810465~~732341 0.~~00000000~~000000 2-A-5 27,027,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 4,274,000.00 999.~~94661207~~863767 0.~~02029013~~023315 0.~~00000000~~000000 0.~~00000000~~000000 M-2 3,256,000.00 999.~~94661241~~863768 0.~~02028870~~023314 0.~~00000000~~000000 0.~~00000000~~000000 M-3 2,238,000.00 999.~~94661305~~863767 0.~~02029044~~023315 0.~~00000000~~000000 0.~~00000000~~000000 B-1 1,221,000.00 999.~~94660934~~863767 0.~~02028665~~023317 0.~~00000000~~000000 0.~~00000000~~000000 B-2 203,000.00 999.~~94660099~~863744 0.~~02029557~~023300 0.~~00000000~~000000 0.~~00000000~~000000 B-3 1,427,448.96 999.~~94661105~~863764 0.~~02028794~~023314 0.~~00000000~~000000 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 (2) Per $1000 denomination. class B and C certificates are per $1 denomination.~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution 1-A-1 0.~~00000000~~000000 3311.~~31772157~~452277 ~~891~~836.~~42876276~~685687 0.~~89142876~~836686 3311.~~31772157~~452277 2-A-1 0.~~00000000~~000000 87.~~60775013~~257359 ~~962~~937.~~53031238~~748523 0.~~96253031~~937749 87.~~60775013~~257359 2-A-2 0.~~00000000~~000000 87.~~60775005~~257359 ~~962~~937.~~53031238~~748523 0.~~96253031~~937749 87.~~60775005~~257359 2-A-3 0.~~00000000~~000000 87.~~60775161~~257358 ~~962~~937.~~53031290~~748523 0.~~96253031~~937749 87.~~60775161~~257358 2-A-4 0.~~00000000~~000000 119.~~57322702~~757610 ~~949~~916.~~62153920~~302116 0.~~94962154~~916302 119.~~57322702~~757610 2-A-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~02029013~~023315 999.~~92632195~~840452 0.~~99992632~~999840 0.~~02029013~~023315 M-2 0.~~00000000~~000000 0.~~02028870~~023314 999.~~92632371~~840451 0.~~99992632~~999840 0.~~02028870~~023314 M-3 0.~~00000000~~000000 0.~~02029044~~023315 999.~~92632261~~840451 0.~~99992632~~999840 0.~~02029044~~023315 B-1 0.~~00000000~~000000 0.~~02028665~~023317 999.~~92632269~~840450 0.~~99992632~~999840 0.~~02028665~~023317 B-2 0.~~00000000~~000000 0.~~02029557~~023300 999.~~92630542~~840443 0.~~99992631~~999840 0.~~02029557~~023300 B-3 0.~~00000000~~000000 0.~~02028794~~023314 999.~~92632311~~840450 0.~~99992632~~999840 0.~~02028794~~023314 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 ~~(3)~~Per ~~Amount~~$1000 ~~Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed~~denomination. ~~Please~~class ~~Refer~~B toand ~~the~~C ~~Prospectus~~certificates ~~Supplement~~are ~~for~~per a$1 ~~Full Description~~denomination.

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ 1-A-1 ~~108,952,000.00~~11/01/05 - 11/30/05 30 4.~~72782~~73912% ~~100~~92,~~752~~406,~~978~~327.9552 ~~396~~364,~~951~~937.8244 0.00 ~~0.00~~ 2-A-1 ~~80,000,000.00~~11/01/05 - 11/30/05 30 4.~~97278~~97616% 7775,~~691~~600,~~045~~470.0060 ~~321~~313,~~950~~500.3109 0.00 ~~0.00~~ 2-A-2 ~~96,900,000.00~~11/01/05 - 11/30/05 30 4.~~97278~~97616% 9491,~~103~~571,~~278~~070.2501 ~~389~~379,~~962~~726.3198 0.00 ~~0.00~~ 2-A-3 ~~3,100,000.00~~11/01/05 - 11/30/05 30 4.~~97278~~97616% 32,~~010~~929,~~527~~518.9924 12,~~475~~148.5713 0.00 ~~0.00~~ 2-A-4 ~~78,450,000.00~~11/01/05 - 11/30/05 30 4.~~97278~~97616% 7572,~~405~~649,~~729~~385.4147 ~~312~~301,~~480~~262.0052 0.00 ~~0.00~~ 2-A-5 ~~27,027,000.00~~11/01/05 - 11/30/05 30 4.~~97278~~97616% 27,027,000.00 ~~111~~112,~~999~~075.4158 0.00 ~~0.00~~ M-1 ~~4,274,000.00~~11/01/05 - 11/30/05 30 4.~~90510~~91068% 4,273,~~771~~417.8274 17,~~469~~487.4281 0.00 ~~0.00~~ M-2 ~~3,256,000.00~~11/01/05 - 11/30/05 30 4.~~90510~~91068% 3,255,~~826~~556.1743 13,~~308~~322.4749 0.00 ~~0.00~~ M-3 ~~2,238,000.00~~11/01/05 - 11/30/05 30 4.~~90510~~91068% 2,237,~~880~~695.5211 9,~~147~~157.5316 0.00 ~~0.00~~ B-1 ~~1,221,000.00~~11/01/05 - 11/30/05 30 4.~~90510~~91068% 1,220,~~934~~833.8166 4,~~990~~995.6893 0.00 ~~0.00~~ B-2 ~~203,000.00~~11/01/05 - 11/30/05 30 4.~~90510~~91068% 202,~~989~~972.1634 ~~829~~830.7461 0.00 ~~0.00~~ B-3 ~~1,427,448.96~~11/01/05 - 11/30/05 30 4.~~90510~~91068% 1,427,~~372~~254.7549 5,~~834~~840.5165 0.00 ~~0.00~~ R-1 ~~0.00~~N/A N/A 4.~~90306~~90378% 0.00 0.00 0.00 ~~0.00~~ R-2 ~~0.00~~N/A N/A 4.~~90306~~90378% 0.00 0.00 0.00 ~~0.00~~ Totals ~~407,048,448.96~~ 1,~~597~~535,~~399~~285.7739 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 1-A-1 0.00 0.00 ~~396~~364,~~951~~937.8244 0.00 9791,~~122~~158,~~946~~579.5602 2-A-1 0.00 0.00 ~~321~~313,~~950~~500.3109 0.00 7775,~~002~~019,~~424~~881.9986 2-A-2 0.00 0.00 ~~389~~379,~~962~~726.3198 0.00 9390,~~269~~867,~~187~~831.2791 2-A-3 0.00 0.00 12,~~475~~148.5713 0.00 2,~~983~~907,~~843~~020.9742 2-A-4 0.00 0.00 ~~312~~301,~~480~~262.0052 0.00 7471,~~497~~883,~~809~~900.7599 2-A-5 0.00 0.00 ~~111~~112,~~999~~075.4158 0.00 27,027,000.00 M-1 0.00 0.00 17,~~469~~487.4281 0.00 4,273,~~685~~318.1009 M-2 0.00 0.00 13,~~308~~322.4749 0.00 3,255,~~760~~480.1151 M-3 0.00 0.00 9,~~147~~157.5316 0.00 2,237,~~835~~642.1193 B-1 0.00 0.00 4,~~990~~995.6893 0.00 1,220,~~910~~805.0419 B-2 0.00 0.00 ~~829~~830.7461 0.00 202,~~985~~967.0461 B-3 0.00 0.00 5,~~834~~840.5165 0.00 1,427,~~343~~221.7921 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.3128 0.00 0.00 Totals 0.00 0.00 1,~~597~~535,~~400~~285.0867 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~~ 1-A-1 11/01/05 - 11/30/05 108,952,000.00 4.~~72782~~73912% ~~924~~848.~~74648423~~137965 3.~~64336423~~349525 0.~~00000000~~000000 ~~0.00000000~~ 2-A-1 11/01/05 - 11/30/05 80,000,000.00 4.~~97278~~97616% ~~971~~945.~~13806250~~005883 43.~~02437887~~918751 0.~~00000000~~000000 ~~0.00000000~~ 2-A-2 11/01/05 - 11/30/05 96,900,000.00 4.~~97278~~97616% ~~971~~945.~~13806244~~005882 43.~~02437884~~918751 0.~~00000000~~000000 ~~0.00000000~~ 2-A-3 11/01/05 - 11/30/05 3,100,000.00 4.~~97278~~97616% ~~971~~945.~~13806129~~005884 43.~~02437742~~918752 0.~~00000000~~000000 ~~0.00000000~~ 2-A-4 11/01/05 - 11/30/05 78,450,000.00 4.~~97278~~97616% ~~961~~926.~~19476622~~059726 3.~~98317400~~840185 0.~~00000000~~000000 ~~0.00000000~~ 2-A-5 11/01/05 - 11/30/05 27,027,000.00 4.~~97278~~97616% 1000.~~00000000~~000000 4.~~14398231~~146801 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/01/05 - 11/30/05 4,274,000.00 4.~~90510~~91068% 999.~~94661207~~863767 4.~~08737015~~091673 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/01/05 - 11/30/05 3,256,000.00 4.~~90510~~91068% 999.~~94661241~~863768 4.~~08736794~~091674 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/01/05 - 11/30/05 2,238,000.00 4.~~90510~~91068% 999.~~94661305~~863767 4.~~08736819~~091671 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/01/05 - 11/30/05 1,221,000.00 4.~~90510~~91068% 999.~~94660934~~863767 4.~~08737101~~091671 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/01/05 - 11/30/05 203,000.00 4.~~90510~~91068% 999.~~94660099~~863744 4.~~08738916~~091675 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/01/05 - 11/30/05 1,427,448.96 4.~~90510~~91068% 999.~~94661105~~863764 4.~~08736856~~091670 0.~~00000000~~000000 ~~0.00000000~~ R-1 N/A 0.00 4.~~90306~~90378% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-2 N/A 0.00 4.~~90306~~90378% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) Per 1,000 Denomination~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance 1-A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~64336423~~349525 0.~~00000000~~000000 ~~891~~836.~~42876276~~685687 2-A-1 0.~~00000000~~000000 0.~~00000000~~000000 43.~~02437887~~918751 0.~~00000000~~000000 ~~962~~937.~~53031238~~748523 2-A-2 0.~~00000000~~000000 0.~~00000000~~000000 43.~~02437884~~918751 0.~~00000000~~000000 ~~962~~937.~~53031238~~748523 2-A-3 0.~~00000000~~000000 0.~~00000000~~000000 43.~~02437742~~918752 0.~~00000000~~000000 ~~962~~937.~~53031290~~748523 2-A-4 0.~~00000000~~000000 0.~~00000000~~000000 3.~~98317400~~840185 0.~~00000000~~000000 ~~949~~916.~~62153920~~302116 2-A-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~14398231~~146801 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~08737015~~091673 0.~~00000000~~000000 999.~~92632195~~840452 M-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~08736794~~091674 0.~~00000000~~000000 999.~~92632371~~840451 M-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~08736819~~091671 0.~~00000000~~000000 999.~~92632261~~840451 B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~08737101~~091671 0.~~00000000~~000000 999.~~92632269~~840450 B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~08738916~~091675 0.~~00000000~~000000 999.~~92630542~~840443 B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~08736856~~091670 0.~~00000000~~000000 999.~~92632311~~840450 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 (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~~1,000 ~~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 ~~7,757,753.27~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 21,523.65 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,779,276.92 Withdrawals Reimbursement for Servicer Advances 12,896.79 Payment of Service Fee 81,376.95 Payment of Interest and Principal 7,685,003.18 Total Withdrawals (Pool Distribution Amount) 7,779,276.92 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* 8178,~~376~~083.9565 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees 8178,~~376~~083.9565 *Servicer Payees include: PHH US MTG CORP

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.160657% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~4.910657% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of4.910657% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~348 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~844 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~11 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 12833 0Beginning 0Scheduled 0Collateral 12Balance 4374,~~899~~801,~~240~~501.9612 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 4Balance 371,~~899~~481,~~240~~649.9627 60Ending ~~Days~~Actual 1Collateral 0Balance 0at 030-Nov-2005 ~~1 137~~371,~~000~~489,467.0033 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~137~~1,~~000~~620,496.0034 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 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+ Days~~ 0 0Realized 0Loss 0Amount 0 0.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled 13Principal ~~0 0 0 13 5~~8,~~036,240~~644.9678 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 5~~3,~~036~~311,~~240~~207.96 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.387283% 0.000000% 0.000000% 0.000000% 1.387283% 1.274090% 0.000000% 0.000000% 0.000000% 1.274090% 60 Days 0.115607% 0.000000% 0.000000% 0.000000% 0.115607% 0.035628% 0.000000% 0.000000% 0.000000% 0.035628% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.502890% 0.000000% 0.000000% 0.000000% 1.502890% 1.309718% 0.000000% 0.000000% 0.000000% 1.309718%07

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group 1 NoGroup of2 ~~Loans~~Total NoCollateral ofDescription ~~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 0Month 0LIBOR 0ARM 6 ~~1,585,995.82~~Month ~~0.00~~LIBOR ~~0.00~~ARM ~~0.00~~Mixed ~~1,585,995.82~~ARM 60Weighted ~~Days~~Average 0Coupon 0Rate ~~0 0 0 0~~4.00989123 05.00219632 05.00160657 ~~0.00~~Weighted ~~0.00~~Average 90Net ~~Days~~Rate ~~0 0 0 0 0 0~~4.00739123 04.00969632 04.00910657 ~~0.00~~Weighted ~~0.00~~Average ~~120~~Remaining ~~Days~~Term 0349 0348 0348 0Beginning 0Loan ~~0.00~~Count ~~0.00~~223 ~~0.00~~621 ~~0.00~~844 ~~0.00~~Loans ~~150~~Paid ~~Days~~In 0Full 04 07 011 0Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~219 ~~0.00~~614 ~~0.00~~833 ~~180+~~Beginning ~~Days~~Scheduled 0Balance ~~0 0 0 0 0~~95,892,148.0022 0278,909,352.0090 0374,801,501.0012 ~~0.00~~Ending ~~0.00~~Scheduled ~~Totals~~Balance ~~6 0 0 0 6 1~~94,~~585~~644,~~995~~287.8211 0276,837,362.0016 ~~0.00 0.00 1~~371,~~585~~481,~~995~~649.8227 ~~0-29~~Record ~~Days~~Date ~~0.000000%~~11/30/2005 ~~0.000000%~~11/30/2005 ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 11/30/2005 ~~Days~~Principal ~~2.575107%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 0401,779.~~000000%~~35 ~~2.575107%~~ 1,218,716.~~576358%~~99 ~~0.000000% 0.000000% 0.000000%~~ 1,620,496.~~576358%~~34 60Scheduled ~~Days~~Principal 03,097.~~000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 90 ~~Days 0~~5,546.~~000000%~~88 08,644.~~000000%~~78 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 01,244,763.~~000000%~~21 02,066,443.~~000000%~~86 03,311,207.~~000000%~~07 ~~0.000000%~~Scheduled ~~0.000000%~~Interest 0398,681.~~000000%~~45 ~~120 Days 0~~1,213,170.~~000000%~~11 01,611,851.~~000000%~~56 ~~0.000000%~~Servicing ~~0.000000%~~Fee 019,977.~~000000%~~53 058,106.~~000000%~~12 078,083.~~000000%~~65 ~~0.000000%~~Master ~~0.000000%~~Servicing ~~0.000000%~~Fee ~~150 Days~~ 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Trustee ~~0.000000%~~Fee 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 2.575107% 0.000000% 0.000000% 0.000000% 2.575107% 1.576358% 0.000000% 0.000000% 0.000000% 1.576358% 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~~FRY 30Amount ~~Days 6~~ 0 ~~0 0 6 3,313,245~~.~~14 0.~~00 0.00 0.00 ~~3,313,245.14~~Special 60Hazard ~~Days~~Fee 1 0 ~~0 0 1 137,000~~.00 0.00 0.00 ~~0.00~~Other ~~137,000.00~~Fee ~~90 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Pool ~~0.00~~Insurance ~~120~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00 Totals 7 0 0 0 7~~ 3~~,450,245.14~~ 0.00 0.00 0.00 ~~3,450,245.14~~Net ~~0-29~~Interest ~~Days 0~~378,703.~~000000%~~92 ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.949367% 0.000000% 0.000000% 0.000000% 0.949367%~~ 1,155,063.~~166976%~~99 ~~0.000000% 0.000000% 0.000000%~~ 1,533,767.~~166976%~~91 60Realized ~~Days~~Loss ~~0.158228%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.158228%~~Cumulative ~~0.048254%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 0.~~000000%~~00 0.~~048254%~~00 90Percentage ~~Days~~of ~~0.000000%~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 ~~120 Days~~ 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~150~~Penalty ~~Days~~Paid ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ ~~180+ Days~~ 0~~.000000%~~ ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through ~~0.000000%~~Rate 04.~~000000%~~739123 ~~Totals 1~~4.~~107595%~~969632 04.~~000000% 0.000000% 0.000000% 1.107595% 1.215230% 0.000000% 0.000000% 0.000000% 1.215230%~~910657

~~OTHER~~LOAN ~~INFORMATION~~STATUS ~~Current~~STRATIFICATION/CREDIT ~~Period~~ENHANCEMENT ~~Class~~STATEMENT ADELINQUENT ~~Insufficient~~BANKRUPTCY ~~Funds~~FORECLOSURE REO TOTAL 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 ~~Principal~~0.00 ~~Balance~~0.00 of0.00 ~~Contaminated~~30 ~~Properties~~Days 9 0 0 0 9 3,528,762.94 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 213,~~523~~528,762.6594 60 Days 1 0 0 0 1 300,000.00 0.00 0.00 0.00 300,000.00 90 Days 2 0 0 0 2 1,529,000.00 0.00 0.00 0.00 1,529,000.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 5,357,762.94 0.00 0.00 0.00 5,357,762.94 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.080432% 0.000000% 0.000000% 0.000000% 1.080432% 0.949896% 0.000000% 0.000000% 0.000000% 0.949896% 60 Days 0.120048% 0.000000% 0.000000% 0.000000% 0.120048% 0.080756% 0.000000% 0.000000% 0.000000% 0.080756% 90 Days 0.240096% 0.000000% 0.000000% 0.000000% 0.240096% 0.411586% 0.000000% 0.000000% 0.000000% 0.411586% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.440576% 0.000000% 0.000000% 0.000000% 1.440576% 1.442238% 0.000000% 0.000000% 0.000000% 1.442238%

~~Summary~~OTHER 12INFORMATION ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000%~~ Current ~~Principal~~Period ~~Balance~~Class ~~0.00~~A ~~Nov-04~~Insufficient ~~0.000%~~Funds ~~Dec-04~~ 0.~~000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05 0.000% Current~~ Principal Balance ~~0.00~~of ~~Apr-05~~Contaminated ~~0.000%~~Properties ~~May-05~~ 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 ~~Oct-04~~Periodic ~~0.000%~~Advance ~~Current Principal Balance 0~~22,742.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.35

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 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~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 5Percentage Loans in Bankruptcy 0 Jan-05 0.~~157409~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 4Feb-05 0.~~907409~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 4Apr-05 0.~~907409~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~356~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~Jun-05 ~~877~~0.000% ~~Number~~Original OfPrincipal ~~Loans~~Balance ~~Paid~~0.00 InJul-05 ~~Full~~0.000% 12Current ~~Ending~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 ~~Loan~~Aug-05 ~~Count~~0.000% ~~865~~Sep-05 ~~Beginning~~0.000% ~~Scheduled~~Oct-05 ~~Collateral~~0.000% ~~Balance~~Nov-05 ~~390,609,334~~0.35000% ~~Ending~~Dec-05 ~~Scheduled~~0.000% ~~Collateral~~*The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance ~~384,521,731~~0.2400 ~~Ending~~Feb-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance at0.00 29Mar-~~Jul~~05 0.000% Apr-~~2005~~05 ~~384,528,566~~0.70000% ~~Monthly~~Current ~~P&I~~Bankruptcy ~~Constant~~Total ~~1,686,688~~May-05 0.43000% ~~Special~~Loans ~~Servicing~~in ~~Fee~~Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Prepayment~~Jul-05 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Aug-05 ~~Loss~~0.000% ~~Amount~~Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Cumulative~~Feb-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Scheduled~~Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal ~~7,911~~Balance 0.6200 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~6,079,691~~Balance 0.4900 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Group~~Loans 1in ~~Group~~Bankruptcy 2during ~~Total~~Current ~~Collateral~~Period ~~Description~~Group 6Loan Month ~~LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 4.977823 5.222779 5.157409 Weighted Average Net Rate 4.727823 4.972779 4.907409 Weighted Average Maturity 356 356 356 Beginning~~ Loan ~~Count~~First ~~239~~State ~~638~~LTV ~~877~~at ~~Loans~~Original ~~Paid~~Number InEntered ~~Full~~Payment 6Origination 6Principal 12Bankruptcy ~~Ending~~Date ~~Loan Count 233 632 865 Beginning Scheduled~~ Balance ~~104,239,135.28~~No ~~286,370,199.07~~Bankruptcy ~~390,609,334.35~~Loans ~~Ending~~this Scheduled Balance 100,609,022.56 283,912,708.68 384,521,731.24 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 434,805.02 1,251,883.41 1,686,688.43 Scheduled Principal 2,401.75 5,509.87 7,911.62 Unscheduled Principal 3,627,710.97 2,451,980.52 6,079,691.49 Scheduled Interest 432,403.27 1,246,373.54 1,678,776.81 Servicing Fees 21,716.49 59,660.46 81,376.95 Master Servicing Fees 0.00 0.00 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 410,686.78 1,186,713.08 1,597,399.86 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 4.727823 4.972779 4.907409Period

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current Period Summary~~ Loans ~~Paid~~in InBankruptcy ~~Full~~during ~~Repurchased Loans Original~~ Current ~~Original~~Period ~~Current~~(continued) ~~Principal Principal Principal Principal~~ Group ~~Count~~Loan ~~Balance~~Current ~~Balance~~Paid ~~Count~~To ~~Balance~~Months ~~Balance~~Current ~~Group~~Approximate 1Number 6Principal ~~3,543,550.00~~Date ~~3,542,107.14~~Delinquent 0Loan ~~0.00~~Rate ~~0.00~~Delinquent ~~Group~~Balance 2Interest 6No ~~2,046,749.00~~Bankruptcy ~~2,046,208.93~~Loans 0this ~~0.00 0.00 Total 12 5,590,299.00 5,588,316.07 0 0.00 0.00~~Period

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 85,603.83 Group 2 0 0.00 0.00 0 0.00 0.00 405,771.59 Total 0 0.00 0.00 0 0.00 0.00 491,375.42

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 7077105794 VA 75.00 01-Dec-2004 291,000.00 291,000.00 Group 1 7077229560 IL 79.60 01-Nov-2004 368,000.00 368,000.00 Group 1 7077554611 NY 80.00 01-Aug-2004 559,600.00 559,502.30 Group 1 7077774128 MD 75.00 01-Dec-2004 825,000.00 825,000.00 Group 1 7077969397 AZ 75.00 01-Apr-2005 832,500.00 832,491.24 Group 1 7079920703 FL 69.53 01-Mar-2004 667,450.00 666,113.60 Group 2 7077565773 NY 77.92 01-Sep-2004 600,000.00 600,000.00 Group 2 7077668023 GA 79.99 01-Dec-2004 166,100.00 165,761.12 Group 2 7077668817 FL 80.00 01-Jan-2005 256,000.00 255,872.81 Group 2 7077766017 VA 47.13 01-Jan-2005 334,649.00 334,649.00 Group 2 7077844798 NJ 65.57 01-Mar-2005 400,000.00 400,000.00 Group 2 7078038762 CO 40.00 01-Jun-2002 290,000.00 289,926.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 7077105794 Loan Paid in Full (1) 5.000% 360 8 Group 1 7077229560 Loan Paid in Full 0 5.125% 360 9 Group 1 7077554611 Loan Paid in Full 0 5.000% 360 12 Group 1 7077774128 Loan Paid in Full 0 5.000% 360 8 Group 1 7077969397 Loan Paid in Full 0 5.185% 360 4 Group 1 7079920703 Loan Paid in Full 0 4.750% 360 17 Group 2 7077565773 Loan Paid in Full 0 5.625% 360 11 Group 2 7077668023 Loan Paid in Full 0 5.625% 360 8 Group 2 7077668817 Loan Paid in Full 0 5.250% 360 7 Group 2 7077766017 Loan Paid in Full 0 5.225% 360 7 Group 2 7077844798 Loan Paid in Full 0 5.250% 360 5 Group 2 7078038762 Loan Paid in Full 0 6.125% 360 38

Summary SMM CPR PSA Current Month 1.556% Current Month 17.159% Current Month 1,121.826% 3 Month Average 1.316% 3 Month Average 14.595% 3 Month Average 1,117.876% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-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 18.532% N/A May-2005 1,954.813% N/A Jun-2005 18.333% N/A Jun-2005 1,611.637% N/A Jul-2005 8.293% N/A Jul-2005 620.165% N/A Aug-2005 17.159% N/A Aug-2005 1,121.826% 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 3.480% Current Month 34.628% Current Month 2,212.093% 3 Month Average 2.738% 3 Month Average 27.993% 3 Month Average 2,062.238% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-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 28.285% N/A May-2005 2,764.024% N/A Jun-2005 31.744% N/A Jun-2005 2,695.346% N/A Jul-2005 17.608% N/A Jul-2005 1,279.276% N/A Aug-2005 34.628% N/A Aug-2005 2,212.093% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 0.856% Current Month 9.805% Current Month 646.367% 3 Month Average 0.792% 3 Month Average 9.041% 3 Month Average 708.819% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-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 14.499% N/A May-2005 1,576.565% N/A Jun-2005 12.693% N/A Jun-2005 1,130.551% N/A Jul-2005 4.624% N/A Jul-2005 349.539% N/A Aug-2005 9.805% N/A Aug-2005 646.367% 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. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~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. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~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. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~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. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~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. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~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. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~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 · MERRILL LYNCH MORT INV TRUST SERIES MLCC Series 2005-1