8-K 1 mlc05002_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-Backed Notes, Series 2005-2 (Exact name of registrant as specified in its charter) New York (governing law of 333-127233-04 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage-Backed Notes, Series 2005-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-2 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-Backed Notes, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator 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-Backed Notes, Series 2005-2 Trust, relating to the December 27, 2005 distribution. EX-99.1 Merrill Lynch Credit Corp Mortgage-Backed Notes Record Date: 11/30/2005 Distribution Date: 12/27/2005 Merrill Lynch Credit Corp Mortgage-Backed Notes Series MLCC 2005-2 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 Credit Corp Mortgage-Backed Notes Record Date: 8/31/2005 Distribution Date: 9/26/2005 Merrill Lynch Credit Corp Mortgage-Backed Notes Series MLCC 2005-2 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~~ 1A 59020UZZ1 ~~SEN~~ 4.25000% ~~745~~729,~~957~~316,~~000~~546.0084 2,~~641~~582,~~931~~996.0410 2A 59020UA21 ~~SEN~~ 4.25000% ~~221~~209,~~254~~625,~~000~~004.0020 ~~783~~742,~~607~~421.9289 3A 59020UA39 ~~SEN 4~~5.~~51000~~08875% ~~212~~205,~~425~~641,~~000~~735.0042 ~~798~~872,~~363~~049.9648 M1 59020UA47 ~~MEZ 4~~5.~~93604~~08697% 17,~~697~~694,~~000~~809.0010 7275,~~794~~010.2285 M2 59020UA54 ~~MEZ 4~~5.~~93604~~08697% 8,~~543~~541,~~000~~942.0037 3536,~~140~~210.4853 M3 59020UA62 ~~MEZ 4~~5.~~93604~~08697% 5,~~492~~491,~~000~~320.0009 2223,~~590~~278.6050 B1 59020UA70 ~~JUN 4~~5.~~93604~~08697% 3,~~051~~050,~~000~~622.0028 12,~~549~~932.8803 B2 59020UA88 ~~JUN 4~~5.~~93604~~08697% 1,~~830~~829,~~000~~773.0044 7,~~527~~756.4667 B3 59020UA96 ~~JUN 4~~5.~~93604~~08697% 4,~~276~~275,~~429~~899.0058 1718,~~590~~126.5116 X 59020UB20 ~~SEN~~ 0.~~63922~~68707% 0.00 ~~628~~655,~~371~~338.9684 R ~~SEN~~ 0.00000% 0.00 0.00 Totals 1,~~220~~185,~~525~~467,~~429~~653.0032 5,~~020~~026,~~468~~121.0305

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses 1A 58,~~111~~132,~~313~~786.1920 0.00 ~~740~~721,~~845~~183,~~686~~760.8165 710,~~753~~715,~~244~~782.2330 0.00 2A 2,~~926~~141,~~011~~051.9109 0.00 ~~218~~207,~~327~~483,~~988~~953.0911 32,~~709~~883,~~619~~472.8398 0.00 3A 15,~~592~~701,~~803~~748.0659 0.00 ~~210~~199,~~832~~939,~~196~~986.9483 26,~~391~~573,~~167~~798.0207 0.00 M1 ~~711~~755.0016 0.00 17,~~696~~694,~~289~~053.0094 7375,~~505~~766.2201 0.00 M2 ~~343~~364.2354 0.00 8,~~542~~541,~~656~~577.7783 3536,~~483~~575.7107 0.00 M3 ~~220~~234.6535 0.00 5,491,~~779~~085.3573 2223,~~811~~512.2585 0.00 B1 ~~122~~130.5819 0.00 3,050,~~877~~492.4209 1213,~~672~~062.4622 0.00 B2 7378.5209 0.00 1,829,~~926~~695.4836 7,~~600~~834.9876 0.00 B3 ~~171~~182.8148 0.00 4,~~276~~275,~~257~~717.1909 1718,~~762~~308.3264 0.00 X 0.00 0.00 0.00 ~~628~~655,~~371~~338.9684 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 915,~~631~~977,~~770~~330.9569 0.00 1,~~210~~169,~~893~~490,~~658~~322.0563 1421,~~652~~003,~~238~~451.9874 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)~~ 1A 745,957,000.00 ~~745~~729,~~957~~316,~~000~~546.0084 1314,~~063~~146.3558 58,~~098~~118,~~249~~639.8462 0.00 0.00 2A 221,254,000.00 ~~221~~209,~~254~~625,~~000~~004.0020 3433,~~327~~997.6512 2,~~891~~107,~~684~~053.2697 0.00 0.00 3A 212,425,000.00 ~~212~~205,~~425~~641,~~000~~735.0042 0.00 15,~~592~~701,~~803~~748.0659 0.00 0.00 M1 17,697,000.00 17,~~697~~694,~~000~~809.0010 ~~711~~755.0016 0.00 0.00 0.00 M2 8,543,000.00 8,~~543~~541,~~000~~942.0037 ~~343~~364.2354 0.00 0.00 0.00 M3 5,492,000.00 5,~~492~~491,~~000~~320.0009 ~~220~~234.6535 0.00 0.00 0.00 B1 3,051,000.00 3,~~051~~050,~~000~~622.0028 ~~122~~130.5819 0.00 0.00 0.00 B2 1,830,000.00 1,~~830~~829,~~000~~773.0044 7378.5209 0.00 0.00 0.00 B3 4,276,429.00 4,~~276~~275,~~429~~899.0058 ~~171~~182.8148 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,220,525,429.00 1,~~220~~185,~~525~~467,~~429~~653.0032 49,~~033~~888.7951 915,~~582~~927,~~737~~442.1618 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 1A 58,~~111~~132,~~313~~786.1920 ~~740~~721,~~845~~183,~~686~~760.8165 0.~~99314798~~966790 58,~~111~~132,~~313~~786.1920 2A 2,~~926~~141,~~011~~051.9109 ~~218~~207,~~327~~483,~~988~~953.0911 0.~~98677533~~937764 2,~~926~~141,~~011~~051.9109 3A 15,~~592~~701,~~803~~748.0659 ~~210~~199,~~832~~939,~~196~~986.9483 0.~~99250181~~941226 15,~~592~~701,~~803~~748.0659 M1 ~~711~~755.0016 17,~~696~~694,~~289~~053.0094 0.~~99995982~~999834 ~~711~~755.0016 M2 ~~343~~364.2354 8,~~542~~541,~~656~~577.7783 0.~~99995982~~999834 ~~343~~364.2354 M3 ~~220~~234.6535 5,491,~~779~~085.3573 0.~~99995982~~999834 ~~220~~234.6535 B1 ~~122~~130.5819 3,050,~~877~~492.4209 0.~~99995982~~999834 ~~122~~130.5819 B2 7378.5209 1,829,~~926~~695.4836 0.~~99995983~~999834 7378.5209 B3 ~~171~~182.8148 4,~~276~~275,~~257~~717.1909 0.~~99995982~~999834 ~~171~~182.8148 X 0.00 0.00 0.~~00000000~~000000 0.00 R 0.00 0.00 0.~~00000000~~000000 0.00 Totals 915,~~631~~977,~~770~~330.9569 1,~~210~~169,~~893~~490,~~658~~322.0563 0.~~99210850~~958186 915,~~631~~977,~~770~~330.9569

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ 1A 745,957,000.00 ~~1000~~977.~~00000000~~692477 0.~~01751220~~018964 610.~~83450901~~883522 0.~~00000000~~000000 2A 221,254,000.00 ~~1000~~947.~~00000000~~440517 0.~~15515042~~153657 139.~~06952308~~523236 0.~~00000000~~000000 3A 212,425,000.00 ~~1000~~968.~~00000000~~067485 0.~~00000000~~000000 726.~~49819023~~841231 0.~~00000000~~000000 M1 17,697,000.00 ~~1000~~999.~~00000000~~876199 0.~~04017630~~042672 0.~~00000000~~000000 0.~~00000000~~000000 M2 8,543,000.00 ~~1000~~999.~~00000000~~876199 0.~~04017675~~042671 0.~~00000000~~000000 0.~~00000000~~000000 M3 5,492,000.00 ~~1000~~999.~~00000000~~876200 0.~~04017662~~042671 0.~~00000000~~000000 0.~~00000000~~000000 B1 3,051,000.00 ~~1000~~999.~~00000000~~876198 0.~~04017699~~042671 0.~~00000000~~000000 0.~~00000000~~000000 B2 1,830,000.00 ~~1000~~999.~~00000000~~876197 0.~~04017486~~042672 0.~~00000000~~000000 0.~~00000000~~000000 B3 4,276,429.00 ~~1000~~999.~~00000000~~876200 0.~~04017604~~042671 0.~~00000000~~000000 0.~~00000000~~000000 X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 0.00 0.~~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 1A 0.~~00000000~~000000 610.~~85202122~~902487 ~~993~~966.~~14797878~~789990 0.~~99314798~~966790 610.~~85202122~~902487 2A 0.~~00000000~~000000 139.~~22467350~~676892 ~~986~~937.~~77532650~~763625 0.~~98677533~~937764 139.~~22467350~~676892 3A 0.~~00000000~~000000 726.~~49819023~~841231 ~~992~~941.~~50180977~~226253 0.~~99250181~~941226 726.~~49819023~~841231 M1 0.~~00000000~~000000 0.~~04017630~~042672 999.~~95982370~~833528 0.~~99995982~~999834 0.~~04017630~~042672 M2 0.~~00000000~~000000 0.~~04017675~~042671 999.~~95982325~~833528 0.~~99995982~~999834 0.~~04017675~~042671 M3 0.~~00000000~~000000 0.~~04017662~~042671 999.~~95982338~~833527 0.~~99995982~~999834 0.~~04017662~~042671 B1 0.~~00000000~~000000 0.~~04017699~~042671 999.~~95982301~~833527 0.~~99995982~~999834 0.~~04017699~~042671 B2 0.~~00000000~~000000 0.~~04017486~~042672 999.~~95982514~~833530 0.~~99995983~~999834 0.~~04017486~~042672 B3 0.~~00000000~~000000 0.~~04017604~~042671 999.~~95982396~~833527 0.~~99995982~~999834 0.~~04017604~~042671 X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~000000

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ 1A ~~745,957,000.00~~11/01/05 - 11/30/05 30 4.25000% ~~745~~729,~~957~~316,~~000~~546.0084 2,~~641~~582,~~931~~996.0410 0.00 ~~0.00~~ 2A ~~221,254,000.00~~11/01/05 - 11/30/05 30 4.25000% ~~221~~209,~~254~~625,~~000~~004.0020 ~~783~~742,~~607~~421.9289 0.00 ~~0.00~~ 3A ~~212,425,000.00~~11/01/05 4- 11/30/05 30 5.~~51000~~08875% ~~212~~205,~~425~~641,~~000~~735.0042 ~~798~~872,~~363~~049.9648 0.00 ~~0.00~~ M1 ~~17,697,000.00~~11/01/05 4- 11/30/05 30 5.~~93604~~08697% 17,~~697~~694,~~000~~809.0010 7275,~~794~~010.2285 0.00 ~~0.00~~ M2 ~~8,543,000.00~~11/01/05 4- 11/30/05 30 5.~~93604~~08697% 8,~~543~~541,~~000~~942.0037 3536,~~140~~210.4853 0.00 ~~0.00~~ M3 11/01/05 - 11/30/05 30 5~~,492,000~~.~~00 4.93604~~08697% 5,~~492~~491,~~000~~320.0009 2223,~~590~~278.6050 0.00 ~~0.00~~ B1 ~~3,051,000.00~~11/01/05 4- 11/30/05 30 5.~~93604~~08697% 3,~~051~~050,~~000~~622.0028 12,~~549~~932.8803 0.00 ~~0.00~~ B2 ~~1,830,000.00~~11/01/05 4- 11/30/05 30 5.~~93604~~08697% 1,~~830~~829,~~000~~773.0044 7,~~527~~756.4667 0.00 ~~0.00~~ B3 ~~4,276,429.00~~11/01/05 4- 11/30/05 30 5.~~93604~~08697% 4,~~276~~275,~~429~~899.0058 1718,~~590~~126.5116 0.00 ~~0.00~~ X ~~0.00~~11/01/05 - 11/30/05 30 0.~~63922~~68707% 1,~~179~~144,~~636~~583,~~000~~286.0046 ~~628~~655,~~371~~338.9684 0.00 ~~0.00~~ R ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~1,220,525,429.00~~ 5,~~020~~026,~~468~~121.0305 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 1A 0.00 0.00 2,~~641~~582,~~931~~996.0410 0.00 ~~740~~721,~~845~~183,~~686~~760.8165 2A 0.00 0.00 ~~783~~742,~~607~~421.9289 0.00 ~~218~~207,~~327~~483,~~988~~953.0911 3A 0.00 0.00 ~~798~~872,~~363~~049.9648 0.00 ~~210~~199,~~832~~939,~~196~~986.9483 M1 0.00 0.00 7275,~~794~~010.2285 0.00 17,~~696~~694,~~289~~053.0094 M2 0.00 0.00 3536,~~140~~210.4853 0.00 8,~~542~~541,~~656~~577.7783 M3 0.00 0.00 2223,~~590~~278.6050 0.00 5,491,~~779~~085.3573 B1 0.00 0.00 12,~~549~~932.8803 0.00 3,050,~~877~~492.4209 B2 0.00 0.00 7,~~527~~756.4667 0.00 1,829,~~926~~695.4836 B3 0.00 0.00 1718,~~590~~126.5116 0.00 4,~~276~~275,~~257~~717.1909 X 0.00 0.00 ~~628~~655,~~371~~338.9684 0.00 1,~~170~~128,~~005~~607,~~871~~700.8458 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,~~020~~026,~~468~~121.0305 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~~ 1A 11/01/05 - 11/30/05 745,957,000.00 4.25000% ~~1000~~977.~~00000000~~692477 3.~~54166666~~462661 0.~~00000000~~000000 ~~0.00000000~~ 2A 11/01/05 - 11/30/05 221,254,000.00 4.25000% ~~1000~~947.~~00000000~~440517 3.~~54166668~~355518 0.~~00000000~~000000 ~~0.00000000~~ 3A 11/01/05 - 11/30/05 212,425,000.00 45.~~51000~~08875% ~~1000~~968.~~00000000~~067485 34.~~75833334~~105211 0.~~00000000~~000000 ~~0.00000000~~ M1 11/01/05 - 11/30/05 17,697,000.00 45.~~93604~~08697% ~~1000~~999.~~00000000~~876199 4.~~11336498~~238620 0.~~00000000~~000000 ~~0.00000000~~ M2 11/01/05 - 11/30/05 8,543,000.00 45.~~93604~~08697% ~~1000~~999.~~00000000~~876199 4.~~11336533~~238620 0.~~00000000~~000000 ~~0.00000000~~ M3 11/01/05 - 11/30/05 5,492,000.00 45.~~93604~~08697% ~~1000~~999.~~00000000~~876200 4.~~11336489~~238620 0.~~00000000~~000000 ~~0.00000000~~ B1 11/01/05 - 11/30/05 3,051,000.00 45.~~93604~~08697% ~~1000~~999.~~00000000~~876198 4.~~11336611~~238620 0.~~00000000~~000000 ~~0.00000000~~ B2 11/01/05 - 11/30/05 1,830,000.00 45.~~93604~~08697% ~~1000~~999.~~00000000~~876197 4.~~11336612~~238617 0.~~00000000~~000000 ~~0.00000000~~ B3 11/01/05 - 11/30/05 4,276,429.00 45.~~93604~~08697% ~~1000~~999.~~00000000~~876200 4.~~11336421~~238621 0.~~00000000~~000000 ~~0.00000000~~ X 11/01/05 - 11/30/05 0.00 0.~~63922~~68707% ~~1000~~970.~~00000000~~285144 0.~~53268293~~555543 0.~~00000000~~000000 ~~0.00000000~~ R N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) Per $1 denomination.~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance 1A 0.~~00000000~~000000 0.~~00000000~~000000 3.~~54166666~~462661 0.~~00000000~~000000 ~~993~~966.~~14797878~~789990 2A 0.~~00000000~~000000 0.~~00000000~~000000 3.~~54166668~~355518 0.~~00000000~~000000 ~~986~~937.~~77532650~~763625 3A 0.~~00000000~~000000 0.~~00000000~~000000 34.~~75833334~~105211 0.~~00000000~~000000 ~~992~~941.~~50180977~~226253 M1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11336498~~238620 0.~~00000000~~000000 999.~~95982370~~833528 M2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11336533~~238620 0.~~00000000~~000000 999.~~95982325~~833528 M3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11336489~~238620 0.~~00000000~~000000 999.~~95982338~~833527 B1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11336611~~238620 0.~~00000000~~000000 999.~~95982301~~833527 B2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11336612~~238617 0.~~00000000~~000000 999.~~95982514~~833530 B3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11336421~~238621 0.~~00000000~~000000 999.~~95982396~~833527 X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~53268293~~555543 0.~~00000000~~000000 ~~991~~956.~~83635616~~742335 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~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 ~~14,903,752.90~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 14,903,752.90 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 251,513.92 Payment of Interest and Principal 14,652,238.98 Total Withdrawals (Pool Distribution Amount) 14,903,752.90 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~251~~246,~~513~~972.9242 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~251~~246,~~513~~972.9242 *Servicer Payees include: PHH US MTG CORP; WELLS FARGO BANK, N.A.

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

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.337734% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.087734% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of5.087734% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~344 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~2,321 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~21 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 02,300 0Beginning 0Scheduled 0Collateral 0Balance 01,185,467,653.0035 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral ~~0.00~~Balance ~~60 Days 0 0 0 0 0 0~~1,169,490,322.0066 ~~0.00~~Ending ~~0.00~~Actual ~~0.00~~Collateral ~~0.00~~Balance 90at ~~Days~~30-Nov-2005 ~~0 0 0 0 0 0~~1,169,527,513.0023 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant 05,322,981.0043 ~~120~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Amount ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Count ~~180+ Days~~ 0 0Prepayment 0Penalty 0Paid 0Amount 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~Totals~~ 0 0Realized 0Loss 0Amount 0 0.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 NoScheduled ~~of Loans No of Loans No of Loans No of Loans No of Loans~~ Principal ~~Balance~~49,888.51 ~~Principal~~Unscheduled ~~Balance~~ Principal ~~Balance Principal Balance Principal Balance 0-29 Days 0~~15,927,442.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%18

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group 1 NoGroup of2 ~~Loans~~Group No3 ofCollateral ~~Loans~~Description NoMixed ofARM ~~Loans~~Mixed NoARM ofMixed ~~Loans~~ARM NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~5.00369432 05.00188181 05.00377920 ~~0.00~~Weighted 30Average ~~Days~~Net 0Rate ~~0 0 0 0 0~~5.00119432 04.00938181 05.00127920 ~~0.00~~Weighted ~~0.00~~Average 60Remaining ~~Days~~Term 0355 0356 0295 0Beginning 0Loan ~~0.00~~Count ~~0.00~~1,421 ~~0.00~~544 ~~0.00~~356 ~~0.00~~Loans 90Paid ~~Days~~In 0Full 09 04 08 0Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~1,412 ~~0.00~~540 ~~0.00~~348 ~~120~~Beginning ~~Days~~Scheduled 0Balance ~~0 0 0 0 0~~755,171,246.0086 0217,291,218.0007 0213,005,188.0042 ~~0.00~~Ending ~~0.00~~Scheduled ~~150~~Balance ~~Days 0 0 0 0 0 0~~747,037,959.0016 0215,148,923.0067 0207,303,439.0083 ~~0.00~~Record ~~0.00~~Date ~~180+~~11/30/2005 ~~Days~~11/30/2005 011/30/2005 0Principal 0And 0Interest 0Constant 03,393,681.0084 0974,695.0059 0954,604.00 ~~0.00~~Scheduled ~~0.00~~Principal ~~Totals 0 0 0 0 0 0~~14,648.0008 035,240.0043 0.00 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0-29 Days 0~~8,118,639.~~000000%~~62 02,107,053.~~000000%~~97 05,701,748.~~000000%~~59 ~~0.000000%~~Scheduled ~~0.000000%~~Interest 03,379,033.~~000000%~~76 0939,455.~~000000%~~16 0954,604.~~000000%~~00 30Servicing ~~Days~~Fee 0157,327.~~000000%~~34 045,269.~~000000%~~00 044,376.~~000000%~~08 ~~0.000000%~~Master ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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~~Trustee 30Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~FRY ~~0.00~~Amount ~~60 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Special ~~0.00~~Hazard 90Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Pool ~~0.00~~Insurance ~~150~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~Totals~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 ~~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~~Net 30Interest ~~Days 0 0 0 0 0 0~~3,221,706.0042 0894,186.0016 0910,227.0092 ~~0.00~~Realized ~~0.00~~Loss 60Amount ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Cumulative ~~0.00~~Realized 90Loss ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Percentage ~~0.00~~of ~~120~~Cumulative ~~Days~~Losses 0 ~~0 0 0 0 0~~.000000 0.000000 0.000000 ~~0.00~~Prepayment ~~0.00~~Penalty ~~150~~Waived ~~Days~~Amount 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~180+~~Waived ~~Days~~Count 0 0 0 0Prepayment 0Penalty ~~0.00~~Paid ~~0.00~~Amount 0.00 0.00 0.00 ~~Totals~~Prepayment 0Penalty 0Paid 0Count 0 0 0~~.00~~ ~~0.00~~Special Servicing Fee 0.00 0.00 0.00 0Pass-29Through ~~Days~~Rate 05.~~000000%~~119432 04.~~000000%~~938181 05.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%127920

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group ATotal ~~Insufficient~~Collateral ~~Funds~~Description Mixed ARM Weighted Average Coupon Rate 5.337734 Weighted Average Net Rate 5.087734 Weighted Average Remaining Term 344 Beginning Loan Count 2,321 Loans Paid In Full 21 Ending Loan Count 2,300 Beginning Scheduled Balance 1,185,467,653.35 Ending scheduled Balance 1,169,490,322.66 Record Date 11/30/2005 Principal And Interest Constant 5,322,981.43 Scheduled Principal 49,888.51 Unscheduled Principal 15,927,442.18 Scheduled Interest 5,273,092.92 Servicing Fee 246,972.42 Master Servicing Fee 0.00 ~~Principal~~Trustee ~~Balance~~Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 5,026,120.50 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of ~~Contaminated~~Cumulative ~~Properties~~Losses 0.0000 Prepayment Penalty Waived Amount 0.00 ~~Periodic~~Prepayment ~~Advance~~Penalty Waived Count 0 Prepayment Penalty Paid Amount 0.00 Prepayment Penalty Paid Count 0 Special Servicing Fee 0.00 Pass-Through Rate 5.087734

~~Summary~~LOAN 12STATUS ~~Month~~STRATIFICATION/CREDIT ~~REO~~ENHANCEMENT History*STATEMENT ~~New~~DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL No of Loans ~~Month~~No ~~REO~~of ~~Percentage~~Loans No of Loans inNo ~~REO~~of 0Loans ~~Oct-04~~No ~~0.000%~~of ~~Original~~Loans Principal Balance ~~0.00~~Principal ~~Nov-04~~Balance ~~0.000%~~Principal ~~Current~~Balance Principal Balance ~~0.00~~Principal ~~Dec-04~~Balance 0~~.000% Jan~~-0529 Days 0~~.000%~~ ~~Current~~0 ~~REO~~0 ~~Total~~0 ~~Feb-05~~ 0.~~000%~~00 ~~Loans in REO~~ 0 ~~Mar-05 0~~.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Apr-05~~ 0.~~000%~~00 ~~Current~~30 ~~Principal~~Days ~~Balance~~2 0~~.00~~ ~~May-05~~0 0~~.000%~~ ~~Jun-05~~2 0733,900.~~000%~~00 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~ 0.~~000%~~00 *The733,900.00 ~~text~~60 ~~reported~~Days in2 ~~the~~0 ~~above~~0 ~~table~~0 is2 ~~presented~~454,400.00 ~~graphically~~0.00 on0.00 ~~the~~0.00 ~~monthly bond remittance report~~454,400.00 ~~The~~90 ~~monthly~~Days ~~bond~~0 ~~remittance~~0 ~~report~~0 ~~can~~0 be0 ~~viewed~~0.00 ~~online~~0.00 at0.00 ~~www~~0.~~ctslink~~00 0.~~com.~~00 ~~Group~~120 1Days 120 ~~Month~~0 ~~REO~~0 History*0 ~~New REO Loans Month REO Percentage Loans in REO~~ 0 ~~Oct-04~~ 0.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Nov-04~~ 0.~~000%~~00 ~~Current Principal Balance~~ 0.00 ~~Dec-04~~ 0.~~000%~~00 ~~Jan-05~~150 Days 0~~.000%~~ ~~Current~~0 ~~REO~~0 ~~Total~~0 ~~Feb-05~~0 0.~~000%~~00 ~~Loans in REO~~ 0.00 ~~Mar-05~~ 0.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Apr-05~~ 0.~~000%~~00 ~~Current~~180+ ~~Principal~~Days ~~Balance~~0 0~~.00~~ ~~May-05~~0 0~~.000%~~ ~~Jun-05~~0 0.~~000%~~00 ~~Jul-05~~0.00 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~ 0.~~000%~~00 *TheTotals ~~text~~4 ~~reported~~0 in0 ~~the~~0 ~~above~~4 ~~table~~1,188,300.00 is0.00 ~~presented~~0.00 ~~graphically~~0.00 ~~on the monthly bond remittance report~~1,188,300.00 ~~The~~No ~~monthly~~of ~~bond~~Loans ~~remittance~~No ~~report~~of ~~can~~Loans beNo ~~viewed~~of ~~online~~Loans atNo ~~www.ctslink.com.~~of ~~Group~~Loans 2No 12of ~~Month~~Loans ~~REO~~Principal History*Balance ~~New~~Principal ~~REO~~Balance ~~Loans~~Principal ~~Month~~Balance ~~REO~~Principal ~~Percentage~~Balance ~~Loans~~Principal inBalance ~~REO~~ 0 ~~Oct~~-0429 Days 0.~~000~~000000% ~~Original~~0.000000% ~~Principal~~0.000000% ~~Balance~~0.000000% 0.00000000% ~~Nov-04~~0.000000% 0.~~000~~000000% ~~Current~~0.000000% ~~Principal~~30 ~~Balance~~Days 0.00086957% ~~Dec-04~~0.000000% 0.~~000~~000000% ~~Jan-05~~0.000000% 0.~~000~~086957% ~~Current~~0.062752% ~~REO~~0.000000% ~~Total~~0.000000% ~~Feb-05~~0.000000% 0.~~000~~062752% ~~Loans~~60 inDays ~~REO~~0.086957% 0.000000% ~~Mar-05~~0.000000% 0.~~000~~000000% ~~Original~~0.086957% ~~Principal~~0.038853% ~~Balance~~0.000000% 0.00000000% ~~Apr-05~~0.000000% 0.~~000~~038853% ~~Current~~90 ~~Principal~~Days ~~Balance~~0.000000% 0.00000000% ~~May-05~~0.000000% 0.~~000~~000000% ~~Jun-05~~0.000000% 0.~~000~~000000% ~~Jul-05~~0.000000% 0.~~000~~000000% ~~Aug-05~~ 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~000000% *The120 ~~text~~Days ~~reported~~0.000000% in0.000000% ~~the~~0.000000% ~~above~~0.000000% ~~table~~0.000000% is0.000000% ~~presented~~0.000000% ~~graphically~~0.000000% on0.000000% ~~the~~0.000000% ~~monthly~~150 ~~bond~~Days ~~remittance~~0.000000% ~~report~~0.000000% ~~The~~0.000000% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.000000% ~~report~~0.000000% ~~can~~0.000000% be0.000000% ~~viewed online at www~~0.~~ctslink.com.~~000000% ~~Group~~180+ 3Days ~~12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0.000000% ~~Oct-04~~ 0.~~000~~000000% ~~Original Principal Balance~~ 0.00000000% ~~Nov-04~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00000000% ~~Dec-04~~ 0.~~000~~000000% ~~Jan-05~~ 0.~~000~~000000% ~~Current REO Total Feb-05~~ 0.~~000~~000000% ~~Loans in REO~~ 0.000000% ~~Mar-05~~ 0.~~000~~000000% ~~Original~~Totals ~~Principal Balance~~ 0.00173913% ~~Apr-05~~ 0.~~000~~000000% ~~Current Principal Balance~~ 0.00000000% ~~May-05~~ 0.~~000~~000000% ~~Jun-05~~ 0.~~000~~173913% ~~Jul-05~~ 0.~~000~~101605% ~~Aug-05~~ 0.~~000~~000000% ~~Sep-05~~ 0.~~000~~000000% *The text reported in the above table is presented graphically on the monthly bond remittance report0.000000% ~~The monthly bond remittance report can be viewed online at www~~0.~~ctslink.com.~~101605%

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~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 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~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 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~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 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~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.~~183323~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 4Feb-05 0.~~936039~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 4Apr-05 0.~~936039~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~346~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~Jun-05 ~~2,378~~0.000% ~~Number~~Original OfPrincipal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Bankruptcy History* New Bankruptcy Loans ~~Paid~~Month InBankruptcy ~~Full~~Percentage 14Loans ~~Ending~~in ~~Scheduled~~Bankruptcy ~~Collateral~~0 ~~Loan~~Jan-05 ~~Count~~0.000% ~~2,364~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Feb-05 0.000% Current Principal Balance ~~1,220,525,429~~0.00 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance ~~1,210,893,658~~0.0900 ~~Ending~~Jul-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at 31www.ctslink.com. Group 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-~~Aug~~05 0.000% Original Principal Balance 0.00 Feb-~~2005~~05 ~~1,210,929,260~~0.66000% ~~Monthly~~Current ~~P&I~~Principal ~~Constant~~Balance ~~5,321,015~~0.1700 ~~Special~~Mar-05 ~~Servicing~~0.000% ~~Fee~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in 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 3 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 ~~49,033~~Balance 0.7800 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~9,582,737~~Balance 0.1600 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 ~~Group~~Current 3Period ~~Collateral~~Group ~~Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.281635 5.197533 4.823289 Weighted Average Net Rate 5.035930 4.947533 4.573289 Weighted Average Maturity 357 358 297 Beginning~~ Loan ~~Count~~Month ~~1,441 570 367 Loans Paid In Full 6 6 2 Ending~~ Loan ~~Count~~First ~~1,435~~State ~~564~~LTV ~~365~~at ~~Beginning~~Original ~~Scheduled~~Number ~~Balance~~Entered ~~771,813,099.84~~Payment ~~228,923,876.19~~Origination ~~219,788,453.00~~Principal ~~Ending~~Bankruptcy ~~Scheduled~~Date Balance ~~766,701,333.85~~No ~~225,996,674.30~~Bankruptcy ~~218,195,649.94~~Loans ~~Record~~this Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 3,410,545.49 1,027,050.38 883,419.30 Scheduled Principal 13,516.15 35,517.63 0.00 Unscheduled Principal 5,098,249.84 2,891,684.26 1,592,803.06 Scheduled Interest 3,397,029.34 991,532.75 883,419.30 Servicing Fees 158,032.19 47,692.47 45,789.26 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 3,238,997.15 943,840.28 837,630.04 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 5.035930 4.947533 4.573289Period

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Total~~Loans ~~Collateral~~in ~~Description~~Bankruptcy ~~Mixed~~during ~~ARM~~Current ~~Weighted~~Period ~~Average~~(continued) ~~Coupon~~Group ~~Rate 5.183323 Weighted Average Net Rate 4.936039 Weighted Average Maturity 346 Beginning~~ Loan ~~Count~~Current ~~2,378 Loans~~ Paid InTo ~~Full~~Months 14Current ~~Ending~~Approximate ~~Loan~~Number ~~Count~~Principal ~~2,364~~Date ~~Beginning~~Delinquent ~~Scheduled~~Loan ~~Balance~~Rate ~~1,220,525,429.03~~Delinquent ~~Ending scheduled~~ Balance ~~1,210,893,658.09 Record Date 08/31/2005 Principal And~~ Interest ~~Constant~~No ~~5,321,015.17~~Bankruptcy ~~Scheduled~~Loans ~~Principal~~this 49,033.78 Unscheduled Principal 9,582,737.16 Scheduled Interest 5,271,981.39 Servicing Fees 251,513.92 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 5,020,467.47 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.936039Period

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

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

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount No Prepayments in full this period.

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning No Prepayments in full this period.

Summary SMM CPR PSA Current Month 0.785% Current Month 9.026% Current Month 2,513.353% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 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 9.026% N/A Sep-2005 2,513.353% 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 0.661% Current Month 7.645% Current Month 2,002.798% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 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 7.645% N/A Sep-2005 2,002.798% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 1.263% Current Month 14.150% Current Month 4,959.128% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 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 14.150% N/A Sep-2005 4,959.128% 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 3 SMM CPR PSA Current Month 0.725% Current Month 8.358% Current Month 2,347.441% 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. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 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 8.358% N/A Sep-2005 2,347.441% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 3 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Prepayment - Voluntary Prepayments

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS TRUST, SERIES 2005-2