8-K 1 ace05he5_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE5 (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-06 Pooling and Servicing Agreement) (Commission 54-2182222 (State or other File Number) 54-2182223 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 ACE SECURITIES CORP . HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2005-HE5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE5 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE5 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE5 Trust, relating to the December 27, 2005 distribution. EX-99.1 ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-HE5 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

ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-HE5 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ A-1 004421RA3 ~~SEN 3~~4.~~88063~~43375% ~~549~~510,~~265~~679,~~000~~134.0068 12,~~835~~012,~~453~~643.3721 A-2A 004421RB1 ~~SEN 3~~4.~~76063~~31375% ~~333~~298,~~119~~232,~~000~~385.0080 1,~~078~~143,~~746~~555.0151 A-2B 004421RC9 ~~SEN 3~~4.~~88063~~43375% 135,251,000.00 ~~451~~533,~~961~~039.9922 A-2C 004421RD7 ~~SEN~~ 4.~~02063~~57375% 68,780,000.00 ~~238~~279,~~130~~628.7591 M-1 004421RE5 ~~SUB~~ 4.~~11063~~66375% 57,482,000.00 ~~203~~238,~~469~~294.5682 M-2 004421RF2 ~~SUB~~ 4.~~13063~~68375% 53,171,000.00 ~~189~~221,~~125~~368.60 M-3 004421RG0 ~~SUB~~ 4.~~15063~~70375% 31,615,000.00 ~~112~~132,~~996~~185.8783 M-4 004421RH8 ~~SUB~~ 4.~~24063~~79375% 28,023,000.00 ~~102~~119,~~330~~409.2912 M-5 004421RJ4 ~~SUB~~ 4.~~28063~~83375% 25,149,000.00 92108,~~701~~056.6887 M-6 004421RK1 ~~SUB~~ 4.~~33063~~88375% 23,711,000.00 88102,~~421~~932.9609 M-7 004421RL9 ~~SUB 4~~5.~~81063~~36375% 19,400,000.00 8092,~~364~~494.2589 M-8 004421RM7 ~~SUB~~ 5.~~01063~~56375% 17,963,000.00 7788,~~505~~837.1201 M-9 004421RN5 ~~SUB~~ 5.~~44063~~99375% 15,808,000.00 7484,~~060~~221.2751 M-10 004421RP0 ~~SUB 6~~7.~~64063~~19375% 12,215,000.00 6978,~~849~~108.2814 B-1 004421RQ8 ~~SUB 6~~7.~~64063~~19375% 14,371,000.00 8291,~~177~~894.9856 B-2 004421RR6 ~~SUB 6~~7.~~64063~~19375% 25,149,000.00 ~~143~~160,~~810~~813.0488 B-3 004421RS4 ~~SUB 6~~7.~~64063~~19375% 15,089,000.00 8696,~~283~~485.7377 P ACE05HE5P ~~SEN~~ 0.00000% 100.00 ~~443~~603,~~640~~134.3408 CE ACE05H5CE ~~SUB~~ 0.00000% 11,496,~~688~~462.0030 32,~~036~~033,~~224~~293.5633 R-1 ACE05H5R1 ~~SEN~~ 0.00000% 0.00 0.00 Totals 1,~~437~~363,~~057~~585,~~788~~082.0078 8,~~487~~220,~~253~~397.6535

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses A-1 619,~~837~~544,~~506~~994.6327 0.00 ~~542~~491,~~427~~134,~~493~~140.3741 821,~~672~~557,~~960~~637.0048 0.00 A-2A 914,~~465~~971,~~182~~071.3651 0.00 ~~323~~283,~~653~~261,~~817~~314.6429 1016,~~543~~114,~~928~~627.3702 0.00 A-2B 0.00 0.00 135,251,000.00 ~~451~~533,~~961~~039.9922 0.00 A-2C 0.00 0.00 68,780,000.00 ~~238~~279,~~130~~628.7591 0.00 M-1 0.00 0.00 57,482,000.00 ~~203~~238,~~469~~294.5682 0.00 M-2 0.00 0.00 53,171,000.00 ~~189~~221,~~125~~368.60 0.00 M-3 0.00 0.00 31,615,000.00 ~~112~~132,~~996~~185.8783 0.00 M-4 0.00 0.00 28,023,000.00 ~~102~~119,~~330~~409.2912 0.00 M-5 0.00 0.00 25,149,000.00 92108,~~701~~056.6887 0.00 M-6 0.00 0.00 23,711,000.00 88102,~~421~~932.9609 0.00 M-7 0.00 0.00 19,400,000.00 8092,~~364~~494.2589 0.00 M-8 0.00 0.00 17,963,000.00 7788,~~505~~837.1201 0.00 M-9 0.00 0.00 15,808,000.00 7484,~~060~~221.2751 0.00 M-10 0.00 0.00 12,215,000.00 6978,~~849~~108.2814 0.00 B-1 0.00 0.00 14,371,000.00 8291,~~177~~894.9856 0.00 B-2 0.00 0.00 25,149,000.00 ~~143~~160,~~810~~813.0488 0.00 B-3 0.00 0.00 15,089,000.00 8696,~~283~~485.7377 0.00 P 0.00 0.00 100.00 ~~443~~603,~~640~~134.3408 0.00 CE 0.00 0.00 11,496,462.30 32,~~036~~033,~~224~~293.5633 0.00 R-1 0.00 0.00 0.00 0.00 0.00 Totals 1634,~~302~~516,~~688~~065.9978 0.00 1,~~420~~329,~~754~~069,~~873~~017.3100 2442,~~789~~736,~~942~~463.6413 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ A-1 549,265,000.00 ~~549~~510,~~265~~679,~~000~~134.0068 0.00 619,~~837~~544,~~506~~994.6327 0.00 0.00 A-2A 333,119,000.00 ~~333~~298,~~119~~232,~~000~~385.0080 0.00 914,~~465~~971,~~182~~071.3651 0.00 0.00 A-2B 135,251,000.00 135,251,000.00 0.00 0.00 0.00 0.00 A-2C 68,780,000.00 68,780,000.00 0.00 0.00 0.00 0.00 M-1 57,482,000.00 57,482,000.00 0.00 0.00 0.00 0.00 M-2 53,171,000.00 53,171,000.00 0.00 0.00 0.00 0.00 M-3 31,615,000.00 31,615,000.00 0.00 0.00 0.00 0.00 M-4 28,023,000.00 28,023,000.00 0.00 0.00 0.00 0.00 M-5 25,149,000.00 25,149,000.00 0.00 0.00 0.00 0.00 M-6 23,711,000.00 23,711,000.00 0.00 0.00 0.00 0.00 M-7 19,400,000.00 19,400,000.00 0.00 0.00 0.00 0.00 M-8 17,963,000.00 17,963,000.00 0.00 0.00 0.00 0.00 M-9 15,808,000.00 15,808,000.00 0.00 0.00 0.00 0.00 M-10 12,215,000.00 12,215,000.00 0.00 0.00 0.00 0.00 B-1 14,371,000.00 14,371,000.00 0.00 0.00 0.00 0.00 B-2 25,149,000.00 25,149,000.00 0.00 0.00 0.00 0.00 B-3 15,089,000.00 15,089,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE 11,496,688.00 11,496,~~688~~462.0030 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,437,057,788.00 1,~~437~~363,~~057~~585,~~788~~082.0078 0.00 1634,~~302~~516,~~688~~065.9978 0.00 0.00 ~~(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal ~~Class~~ Reduction Balance Percentage Distribution A-1 619,~~837~~544,~~506~~994.6327 ~~542~~491,~~427~~134,~~493~~140.3741 0.~~98755153~~894166 619,~~837~~544,~~506~~994.6327 A-2A 914,~~465~~971,~~182~~071.3651 ~~323~~283,~~653~~261,~~817~~314.6429 0.~~97158618~~850331 914,~~465~~971,~~182~~071.3651 A-2B 0.00 135,251,000.00 1.~~00000000~~000000 0.00 A-2C 0.00 68,780,000.00 1.~~00000000~~000000 0.00 M-1 0.00 57,482,000.00 1.~~00000000~~000000 0.00 M-2 0.00 53,171,000.00 1.~~00000000~~000000 0.00 M-3 0.00 31,615,000.00 1.~~00000000~~000000 0.00 M-4 0.00 28,023,000.00 1.~~00000000~~000000 0.00 M-5 0.00 25,149,000.00 1.~~00000000~~000000 0.00 M-6 0.00 23,711,000.00 1.~~00000000~~000000 0.00 M-7 0.00 19,400,000.00 1.~~00000000~~000000 0.00 M-8 0.00 17,963,000.00 1.~~00000000~~000000 0.00 M-9 0.00 15,808,000.00 1.~~00000000~~000000 0.00 M-10 0.00 12,215,000.00 1.~~00000000~~000000 0.00 B-1 0.00 14,371,000.00 1.~~00000000~~000000 0.00 B-2 0.00 25,149,000.00 1.~~00000000~~000000 0.00 B-3 0.00 15,089,000.00 1.~~00000000~~000000 0.00 P 0.00 100.00 1.~~00000000~~000000 0.00 CE 0.00 11,496,462.30 0.~~99998037~~999980 0.00 R-1 0.00 0.00 0.~~00000000~~000000 0.00 ~~R-1~~ 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1634,~~302~~516,~~688~~065.9978 1,~~420~~329,~~754~~069,~~873~~017.3100 0.~~98865535~~924854 1634,~~302~~516,~~688~~065.9978

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1 549,265,000.00 ~~1000~~929.~~00000000~~750002 0.~~00000000~~000000 1235.~~44846591~~583906 0.~~00000000~~000000 A-2A 333,119,000.00 ~~1000~~895.~~00000000~~272818 0.~~00000000~~000000 2844.~~41381716~~942112 0.~~00000000~~000000 A-2B 135,251,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-2C 68,780,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 57,482,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 53,171,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 31,615,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-4 28,023,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-5 25,149,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-6 23,711,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-7 19,400,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-8 17,963,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-9 15,808,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-10 12,215,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 14,371,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-2 25,149,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-3 15,089,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 100.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 CE 11,496,688.00 ~~1000~~999.~~00000000~~980368 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-1 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (2) All Classes are Per 1,000 Denomination.~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution A-1 0.~~00000000~~000000 1235.~~44846591~~583906 ~~987~~894.~~55153409~~166095 0.~~98755153~~894166 1235.~~44846591~~583906 A-2A 0.~~00000000~~000000 2844.~~41381716~~942112 ~~971~~850.~~58618284~~330706 0.~~97158618~~850331 2844.~~41381716~~942112 A-2B 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 A-2C 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-6 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-7 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-8 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-9 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-10 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 CE 0.~~00000000~~000000 0.~~00000000~~000000 999.~~98036826~~980368 0.~~99998037~~999980 0.~~00000000~~000000 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~(3)~~All ~~Amount~~Classes ~~Does~~are ~~Not~~Per ~~Include Excess Special Hazard~~1,000 ~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed~~Denomination. ~~Please Refer to the Prospectus Supplement for a Full Description.~~

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ A-1 ~~549,265,000.00~~11/25/05 3- 12/26/05 32 4.~~88063~~43375% ~~549~~510,~~265~~679,~~000~~134.0068 12,~~835~~012,~~453~~643.3721 0.00 ~~0.00~~ A-2A ~~333,119,000.00~~11/25/05 3- 12/26/05 32 4.~~76063~~31375% ~~333~~298,~~119~~232,~~000~~385.0080 1,~~078~~143,~~746~~555.0151 0.00 ~~0.00~~ A-2B ~~135,251,000.00~~11/25/05 3- 12/26/05 32 4.~~88063~~43375% 135,251,000.00 ~~451~~533,~~961~~039.9922 0.00 ~~0.00~~ A-2C ~~68,780,000.00~~11/25/05 - 12/26/05 32 4.~~02063~~57375% 68,780,000.00 ~~238~~279,~~130~~628.7591 0.00 ~~0.00~~ M-1 ~~57,482,000.00~~11/25/05 - 12/26/05 32 4.~~11063~~66375% 57,482,000.00 ~~203~~238,~~469~~294.5682 0.00 ~~0.00~~ M-2 ~~53,171,000.00~~11/25/05 - 12/26/05 32 4.~~13063~~68375% 53,171,000.00 ~~189~~221,~~125~~368.60 0.00 ~~0.00~~ M-3 ~~31,615,000.00~~11/25/05 - 12/26/05 32 4.~~15063~~70375% 31,615,000.00 ~~112~~132,~~996~~185.8783 0.00 ~~0.00~~ M-4 ~~28,023,000.00~~11/25/05 - 12/26/05 32 4.~~24063~~79375% 28,023,000.00 ~~102~~119,~~330~~409.2912 0.00 ~~0.00~~ M-5 11/25~~,149,000.00~~/05 - 12/26/05 32 4.~~28063~~83375% 25,149,000.00 92108,~~701~~056.6887 0.00 ~~0.00~~ M-6 ~~23,711,000.00~~11/25/05 - 12/26/05 32 4.~~33063~~88375% 23,711,000.00 88102,~~421~~932.9609 0.00 ~~0.00~~ M-7 ~~19,400,000.00~~11/25/05 4- 12/26/05 32 5.~~81063~~36375% 19,400,000.00 8092,~~364~~494.2589 0.00 ~~0.00~~ M-8 ~~17,963,000.00~~11/25/05 - 12/26/05 32 5.~~01063~~56375% 17,963,000.00 7788,~~505~~837.1201 0.00 ~~0.00~~ M-9 ~~15,808,000.00~~11/25/05 - 12/26/05 32 5.~~44063~~99375% 15,808,000.00 7484,~~060~~221.2751 0.00 ~~0.00~~ M-10 11/25/05 - 12~~,215,000.00~~/26/05 632 7.~~64063~~19375% 12,215,000.00 6978,~~849~~108.2814 0.00 ~~0.00~~ B-1 ~~14,371,000.00~~11/25/05 6- 12/26/05 32 7.~~64063~~19375% 14,371,000.00 8291,~~177~~894.9856 0.00 ~~0.00~~ B-2 11/25~~,149,000.00~~/05 6- 12/26/05 32 7.~~64063~~19375% 25,149,000.00 ~~143~~160,~~810~~813.0488 0.00 ~~0.00~~ B-3 ~~15,089,000.00~~11/25/05 6- 12/26/05 32 7.~~64063~~19375% 15,089,000.00 8696,~~283~~485.7377 0.00 ~~0.00~~ P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ CE ~~11,496,688.00~~N/A N/A 0.00000% 1,~~437~~363,~~057~~585,~~787~~082.6678 0.00 0.00 ~~0.00~~ R-1 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~1,437,057,788.00~~ 5,~~007~~583,~~388~~969.7594 0.00 ~~0.00~~

Interest Distribution Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total ~~Unpaid~~Remaining ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Unpaid Interest Certificate/Notional ~~Class~~ Shortfall ~~Losses~~ (41) Shortfall Distribution Shortfall(2) Balance A-1 0.00 0.00 12,~~835~~012,~~453~~643.3721 0.00 ~~542~~491,~~427~~134,~~493~~140.3741 A-2A 0.00 0.00 1,~~078~~143,~~746~~555.0151 0.00 ~~323~~283,~~653~~261,~~817~~314.6429 A-2B 0.00 0.00 ~~451~~533,~~961~~039.9922 0.00 135,251,000.00 A-2C 0.00 0.00 ~~238~~279,~~130~~628.7591 0.00 68,780,000.00 M-1 0.00 0.00 ~~203~~238,~~469~~294.5682 0.00 57,482,000.00 M-2 0.00 0.00 ~~189~~221,~~125~~368.60 0.00 53,171,000.00 M-3 0.00 0.00 ~~112~~132,~~996~~185.8783 0.00 31,615,000.00 M-4 0.00 0.00 ~~102~~119,~~330~~409.2912 0.00 28,023,000.00 M-5 0.00 0.00 92108,~~701~~056.6887 0.00 25,149,000.00 M-6 0.00 0.00 88102,~~421~~932.9609 0.00 23,711,000.00 M-7 0.00 0.00 8092,~~364~~494.2589 0.00 19,400,000.00 M-8 0.00 0.00 7788,~~505~~837.1201 0.00 17,963,000.00 M-9 0.00 0.00 7484,~~060~~221.2751 0.00 15,808,000.00 M-10 0.00 0.00 6978,~~849~~108.2814 0.00 12,215,000.00 B-1 0.00 0.00 8291,~~177~~894.9856 0.00 14,371,000.00 B-2 0.00 0.00 ~~143~~160,~~810~~813.0488 0.00 25,149,000.00 B-3 0.00 0.00 8696,~~283~~485.7377 0.00 15,089,000.00 P 0.00 0.00 ~~443~~603,~~640~~134.3408 0.00 100.00 CE 0.00 0.00 32,~~036~~033,~~224~~293.5633 0.00 1,~~420~~329,~~754~~069,~~873~~017.3100 R-1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 8,~~487~~220,~~253~~397.6535 0.00 (41,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~ or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~applicable

Interest Distribution Factors Statement ~~Beginning~~Class ~~Payment~~Accrual of Original Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of Dates Face Certificate Certificate/Notional Accrued ~~Interest~~Unpaid Interest ~~Class (5)~~ Amount Rate Balance Interest Shortfall ~~Shortfall~~ A-1 11/25/05 - 12/26/05 549,265,000.00 34.~~88063~~43375% ~~1000~~929.~~00000000~~750002 3.~~34165361~~664248 0.~~00000000~~000000 ~~0.00000000~~ A-2A 11/25/05 - 12/26/05 333,119,000.00 34.~~76063~~31375% ~~1000~~895.~~00000000~~272818 3.~~23832027~~432874 0.~~00000000~~000000 ~~0.00000000~~ A-2B 11/25/05 - 12/26/05 135,251,000.00 34.~~88063~~43375% 1000.~~00000000~~000000 3.~~34165359~~941111 0.~~00000000~~000000 ~~0.00000000~~ A-2C 11/25/05 - 12/26/05 68,780,000.00 4.~~02063~~57375% 1000.~~00000000~~000000 34.~~46220922~~065556 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 57,482,000.00 4.~~11063~~66375% 1000.~~00000000~~000000 34.~~53970913~~145555 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 53,171,000.00 4.~~13063~~68375% 1000.~~00000000~~000000 34.~~55693141~~163333 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 31,615,000.00 4.~~15063~~70375% 1000.~~00000000~~000000 34.~~57415372~~181111 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/25/05 - 12/26/05 28,023,000.00 4.~~24063~~79375% 1000.~~00000000~~000000 34.~~65165364~~261111 0.~~00000000~~000000 ~~0.00000000~~ M-5 11/25/05 - 12/26/05 25,149,000.00 4.~~28063~~83375% 1000.~~00000000~~000000 34.~~68609806~~296667 0.~~00000000~~000000 ~~0.00000000~~ M-6 11/25/05 - 12/26/05 23,711,000.00 4.~~33063~~88375% 1000.~~00000000~~000000 34.~~72915356~~341111 0.~~00000000~~000000 ~~0.00000000~~ M-7 11/25/05 - 12/26/05 19,400,000.00 45.~~81063~~36375% 1000.~~00000000~~000000 4.~~14248711~~767778 0.~~00000000~~000000 ~~0.00000000~~ M-8 11/25/05 - 12/26/05 17,963,000.00 5.~~01063~~56375% 1000.~~00000000~~000000 4.~~31470912~~945555 0.~~00000000~~000000 ~~0.00000000~~ M-9 11/25/05 - 12/26/05 15,808,000.00 5.~~44063~~99375% 1000.~~00000000~~000000 45.~~68498672~~327778 0.~~00000000~~000000 ~~0.00000000~~ M-10 11/25/05 - 12/26/05 12,215,000.00 67.~~64063~~19375% 1000.~~00000000~~000000 56.~~71832010~~394445 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/26/05 14,371,000.00 67.~~64063~~19375% 1000.~~00000000~~000000 56.~~71832023~~394444 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/26/05 25,149,000.00 67.~~64063~~19375% 1000.~~00000000~~000000 56.~~71832041~~394444 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/26/05 15,089,000.00 67.~~64063~~19375% 1000.~~00000000~~000000 56.~~71831997~~394444 0.~~00000000~~000000 ~~0.00000000~~ P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ CE N/A 11,496,688.00 0.00000% ~~124997~~118606.~~54604631~~774645 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-1 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) All Classes are Per 1,000 Denomination.~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~34165361~~664248 0.~~00000000~~000000 ~~987~~894.~~55153409~~166095 A-2A 0.~~00000000~~000000 0.~~00000000~~000000 3.~~23832027~~432874 0.~~00000000~~000000 ~~971~~850.~~58618284~~330706 A-2B 0.~~00000000~~000000 0.~~00000000~~000000 3.~~34165359~~941111 0.~~00000000~~000000 1000.~~00000000~~000000 A-2C 0.~~00000000~~000000 0.~~00000000~~000000 34.~~46220922~~065556 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~53970913~~145555 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~55693141~~163333 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~57415372~~181111 0.~~00000000~~000000 1000.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 34.~~65165364~~261111 0.~~00000000~~000000 1000.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 34.~~68609806~~296667 0.~~00000000~~000000 1000.~~00000000~~000000 M-6 0.~~00000000~~000000 0.~~00000000~~000000 34.~~72915356~~341111 0.~~00000000~~000000 1000.~~00000000~~000000 M-7 0.~~00000000~~000000 0.~~00000000~~000000 4.~~14248711~~767778 0.~~00000000~~000000 1000.~~00000000~~000000 M-8 0.~~00000000~~000000 0.~~00000000~~000000 4.~~31470912~~945555 0.~~00000000~~000000 1000.~~00000000~~000000 M-9 0.~~00000000~~000000 0.~~00000000~~000000 45.~~68498672~~327778 0.~~00000000~~000000 1000.~~00000000~~000000 M-10 0.~~00000000~~000000 0.~~00000000~~000000 56.~~71832010~~394445 0.~~00000000~~000000 1000.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 56.~~71832023~~394444 0.~~00000000~~000000 1000.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 56.~~71832041~~394444 0.~~00000000~~000000 1000.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 56.~~71831997~~394444 0.~~00000000~~000000 1000.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 ~~4436403~~6031340.~~40000000~~800000 0.~~00000000~~000000 1000.~~00000000~~000000 CE 0.~~00000000~~000000 0.~~00000000~~000000 ~~264~~176.~~09558649~~859051 0.~~00000000~~000000 ~~123579~~115604.~~49292092~~512969 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~All ~~Refer~~Classes toare ~~the~~Per ~~Prospectus~~1,000 ~~Supplement for a Full Description~~Denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2441,~~826~~712,~~296~~845.5442 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) ~~135~~1,~~545~~463,169.5188 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~443~~603,~~640~~134.3408 Swap/Cap Payments 0.00 Total Deposits 2543,~~405~~779,~~482~~149.3938 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0458,617.0031 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 615~~584,~~539~~068.7594 Payment of Interest and Principal 2442,~~789~~736,~~942~~463.6413 Total Withdrawals (Pool Distribution Amount) 2543,~~405~~779,~~482~~149.3938 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~598~~568,~~774~~160.0744 Credit Risk Manager Fee - Murrayhill: 1615,~~765~~908.6850 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~615~~584,~~539~~068.7594 *Servicer Payees include: 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 1,000.00 853,~~098~~996.9958 853,~~098~~996.9958 1,000.00

~~LOAN~~COLLATERAL ~~STATUS~~STATEMENT ~~STRATIFICATION/CREDIT~~Collateral ~~ENHANCEMENT~~Description ~~STATEMENT~~Mixed ~~DELINQUENT~~Fixed ~~BANKRUPTCY~~& ~~FORECLOSURE~~Arm ~~REO~~Weighted ~~Total~~Average NoGross ofCoupon ~~Loans~~7.217444% NoWeighted ofAverage ~~Loans~~Net NoCoupon of6.717444% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate No6.703444% ofWeighted ~~Loans~~Average ~~Principal~~Remaining ~~Balance~~Term ~~Principal~~351 ~~Balance~~Beginning ~~Principal~~Scheduled ~~Balance~~Collateral ~~Principal~~Loan ~~Balance~~Count ~~Principal~~6,906 ~~Balance~~Number ~~0-29~~Of ~~Days~~Loans 0Paid 0In 0Full 0163 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral ~~0.00~~Loan 30Count ~~Days~~6,743 ~~103~~Beginning 0Scheduled 0Collateral 0Balance ~~103 19~~1,~~348~~363,~~560~~585,082.2978 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 19Balance 1,~~348~~329,~~560~~069,017.2900 60Ending ~~Days~~Actual 5Collateral 0Balance 0at 030-Nov-2005 ~~5 757~~1,~~478~~330,016,280.7460 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~757~~8,~~478~~985,489.7437 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 0603,134.0008 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+~~101 ~~Days~~Realized 0Loss 0Amount 0 ~~0 0 0~~.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled ~~108~~Principal ~~0 0 0 108 20~~784,~~106,039~~156.0396 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 20~~33,~~106~~731,~~039~~908.0382 NoRequired ofOvercollateralized ~~Loans~~Amount ~~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%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Increase ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Reduction ~~0.000000%~~Amount ~~30 Days 1.440157%~~ 0.~~000000%~~00 ~~0.000000%~~Specified ~~0.000000%~~O/C ~~1.440157%~~Amount 111,496,462.~~361147%~~30 ~~0.000000%~~Overcollateralized ~~0.000000%~~Amount 011,496,462.~~000000%~~30 ~~1.361147%~~Overcollateralized 60Deficiency ~~Days~~Amount 0.~~069911%~~00 ~~0.000000%~~Base ~~0.000000%~~Overcollateralization ~~0.000000%~~Amount 0.069911% 0.053288% 0.000000% 0.000000% 0.000000% 0.053288% 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 1.510067% 0.000000% 0.000000% 0.000000% 1.510067% 1.414435% 0.000000% 0.000000% 0.000000% 1.414435%00

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Mixed ~~Grp~~Fixed 1& ~~Sub-Grp~~Arm 1Weighted NoAverage ofCoupon ~~Loans~~Rate ~~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~~7.00217444% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Net 30Rate ~~Days 22 0 0 0 22 1,347,180~~6.22717444% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Pass ~~1,347,180.22~~Through 60Rate ~~Days 0 0 0 0 0 0~~6.00703444% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Remaining ~~0.00~~Term 90351 ~~Days~~Record 0Date 011/30/2005 0Principal 0and 0Interest ~~0.00~~Constant ~~0.00 0.00 0.00 0.00 120 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 22 0 0 0 22 1~~8,~~347~~985,~~180~~489.2237 ~~0.00~~Beginning ~~0.00~~Loan ~~0.00~~Count 16,~~347,180.22~~906 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.472557% 0.000000% 0.000000% 0.000000% 1.472557% 0.953293% 0.000000% 0.000000% 0.000000% 0.953293% 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 1.472557% 0.000000% 0.000000% 0.000000% 1.472557% 0.953293% 0.000000% 0.000000% 0.000000% 0.953293% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Gr 1 Sub-Gr 2 No of Loans NoPaid ofin ~~Loans~~Full No163 ofEnding ~~Loans~~Loan NoCount of6,743 ~~Loans~~Beginning NoScheduled ~~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 43 0 0 0 43 7~~1,~~010~~363,~~111.51 0.00 0.00 0.00 7~~585,~~010,111~~082.5178 60Ending ~~Days~~Scheduled 2Balance ~~0 0 0 2 327~~1,~~500.00 0.00 0.00 0.00 327~~329,500.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 45 0 0 0 45 7069,~~337,611~~017.~~51 0.~~00 ~~0.00~~Ending ~~0.00~~Actual ~~7,337,611.51~~Balance ~~0-29~~at ~~Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 30 Days 1.371611% 0.000000% 0.000000% 0.000000% 1.371611% 1.211162% 0.000000% 0.000000% 0.000000% 1.211162% 60 Days 0.063796% 0.000000% 0.000000% 0.000000% 0.063796% 0.056583% 0.000000% 0.000000% 0.000000% 0.056583% 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 1.435407% 0.000000% 0.000000% 0.000000% 1.435407% 1.267745% 0.000000% 0.000000% 0.000000% 1.267745% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Gr 2 Sub-~~Gr 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~~Nov-292005 ~~Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 12 0 0 0 12~~ 1,~~568~~330,~~225.87 0.00 0.00 0.00 1~~016,~~568,225~~280.87 60 ~~Days~~Scheduled 2Principal ~~0 0 0 2 157~~784,~~978~~156.7496 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 157~~33,~~978~~731,908.7482 90Scheduled ~~Days~~Interest ~~0 0 0 0 0 0~~8,201,332.0041 ~~0.00~~Servicing ~~0.00~~Fee 0568,160.0044 ~~0.00~~Master ~~120~~Servicing ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 ~~0.00~~Trustee ~~0.00~~Fee 0.00 ~~0.00~~FRY ~~150~~Amount ~~Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Special ~~0.00~~Hazard ~~0.00~~Fee 0.00 ~~180+~~Other ~~Days~~Fee ~~0 0 0 0 0 0~~15,908.0050 ~~0.00~~Pool ~~0.00~~Insurance ~~0.00~~Fee 0.00 ~~Totals~~Spread ~~14 0 0 0 14~~ 1~~,726,204.61~~ 0.00 ~~0.00~~Spread 0.00 1,726,204.61 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.287554% 0.000000% 0.000000% 0.000000% 1.287554% 1.377463% 0.000000% 0.000000% 0.000000% 1.377463% 60 Days 0.214592% 0.000000% 0.000000% 0.000000% 0.214592% 0.138762% 0.000000% 0.000000% 0.000000% 0.138762% 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 1.502146% 0.000000% 0.000000% 0.000000% 1.502146% 1.516224% 0.000000% 0.000000% 0.000000% 1.516224% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Gr 2 ~~Sub-Gr 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~~Spread ~~0.00~~3 0.00 30Net ~~Days~~Interest ~~26 0 0 0 26 9~~7,~~423~~617,~~042~~263.6947 ~~0.00~~Realized ~~0.00~~Loss Amount 0.00 ~~9,423,042.69~~Cumulative 60Realized ~~Days~~Loss 1 0 ~~0 0 1 272,000~~.00 ~~0.00~~Percentage ~~0.00~~of ~~0.00~~Cumulative ~~272,000.00~~Losses ~~90 Days~~ 0.0000 0Special 0Servicing 0Fee 0 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived Amount 0.00 ~~120~~Prepayment ~~Days~~Penalty 0Waived 0Count 0 0Prepayment 0Penalty ~~0.00~~Paid ~~0.00~~Amount 0603,134.0008 ~~0.00~~Prepayment ~~0.00~~Penalty ~~150~~Paid ~~Days~~Count 0101 0Required 0Overcollateralized 0Amount 0 0.00 ~~0.00~~Overcollateralized ~~0.00~~Increase ~~0.00~~Amount 0.00 ~~180+~~Overcollateralized ~~Days~~Reduction 0Amount 0 ~~0 0 0 0~~.00 ~~0.00~~Specified ~~0.00~~O/C ~~0.00~~Amount ~~0.00 Totals 27 0 0 0 27 9~~11,~~695~~496,~~042~~462.6930 ~~0.00~~Overcollateralized ~~0.00~~Amount ~~0.00 9~~11,~~695~~496,~~042~~462.~~69 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 30 ~~Days~~Overcollateralized ~~1.634192%~~Deficiency ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Base ~~1.634192%~~Overcollateralization ~~1.603841%~~Amount 0.000000% 0.000000% 0.000000% 1.603841% 60 Days 0.062854% 0.000000% 0.000000% 0.000000% 0.062854% 0.046296% 0.000000% 0.000000% 0.000000% 0.046296% 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 1.697046% 0.000000% 0.000000% 0.000000% 1.697046% 1.650137% 0.000000% 0.000000% 0.000000% 1.650137%00

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group AGrp ~~Insufficient~~1 ~~Funds~~Sub-Grp 1 Gr 1 Sub-Gr 2 Gr 2 Sub-Gr 2 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.662663 7.242502 8.532735 Weighted Average Net Rate 7.162663 6.742502 8.032735 Weighted Average Remaining Term 341 355 325 Beginning Loan Count 1,458 3,007 905 Loans Paid In Full 26 80 24 Ending Loan Count 1,432 2,927 881 Beginning Scheduled Balance 137,379,603.13 550,575,941.94 110,855,650.70 Ending Scheduled Balance 134,896,954.09 533,513,596.71 108,155,835.62 Record Date 11/30/2005 11/30/2005 11/30/2005 Principal And Interest Constant 1,002,881.55 3,635,192.15 873,855.17 Scheduled Principal 125,636.93 312,235.84 85,603.60 Unscheduled Principal 2,357,012.11 16,750,109.39 2,614,211.48 Scheduled Interest 877,244.62 3,322,956.31 788,251.57 Servicing Fee 57,241.50 229,406.64 46,189.85 Master Servicing Fee 0.00 ~~Principal~~0.00 ~~Balance~~0.00 ofTrustee ~~Contaminated~~Fee ~~Properties~~0.00 0.00 ~~Periodic~~0.00 ~~Advance~~FRY ~~135~~Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1,~~545~~602.5176 6,423.39 1,293.32 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 818,400.36 3,087,126.28 740,768.40 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 Penalty Waived Amount 0.00 0.00 0.00 Prepayment Penalty Waived Count 0 0 0 Prepayment Penalty Paid Amount Not Available Not Available Not Available Prepayment Penalty Paid Count Not Available Not Available Not Available Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.148663 6.728502 8.018735

~~Summary~~Group 12Level ~~Month~~Collateral ~~REO~~Statement History*Group ~~New~~Gr ~~REO~~2 ~~Loans Month REO Percentage Loans in REO 0 Oct~~Sub-04Gr ~~0.000%~~2 ~~Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO~~ Total ~~Feb-05~~Collateral ~~0.000%~~Description ~~Loans~~Fixed in15/30 ~~REO~~& 0ARM ~~Mar-05~~Mixed ~~0.000%~~Fixed ~~Original~~& ~~Principal~~Arm ~~Balance~~Weighted ~~0.00~~Average ~~Apr-05~~Coupon ~~0.000%~~Rate ~~Current Principal Balance 0~~6.00826548 ~~May-05 0~~7.~~000%~~217444 ~~Jun-05~~Weighted ~~0.000%~~Average ~~Jul-05~~Net ~~0.000%~~Rate ~~Aug-05 0~~6.~~000%~~326548 ~~Sep-05 0~~6.~~000%~~717444 *TheWeighted ~~text~~Average ~~reported~~Remaining inTerm ~~the~~355 ~~above~~351 ~~table~~Beginning isLoan ~~presented~~Count ~~graphically~~1,536 on6,906 ~~the~~Loans ~~monthly~~Paid ~~bond~~In ~~remittance~~Full ~~report.~~33 ~~The~~163 ~~monthly~~Ending ~~bond~~Loan ~~remittance~~Count ~~report~~1,503 ~~can~~6,743 beBeginning ~~viewed~~Scheduled ~~online~~Balance ~~at www~~564,773,887.~~ctslink.com.~~01 ~~Grp~~ 1 ~~Sub-Grp 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0~~,363,585,082.~~000%~~78 ~~Original~~Ending ~~Principal~~scheduled Balance 0552,502,630.0058 ~~Nov-04 0~~1,329,069,017.~~000% Current Principal Balance 0.~~00 ~~Dec-04~~Record ~~0.000%~~Date ~~Jan-05~~11/30/2005 ~~0.000%~~11/30/2005 ~~Current~~Principal ~~REO~~And ~~Total~~Interest ~~Feb-05~~Constant 03,473,560.~~000%~~50 ~~Loans in REO 0 Mar-05 0~~8,985,489.~~000%~~37 ~~Original~~Scheduled Principal ~~Balance 0~~260,680.0059 ~~Apr-05 0~~784,156.~~000%~~96 ~~Current~~Unscheduled Principal ~~Balance 0~~12,010,575.0084 ~~May-05 0~~33,731,908.~~000%~~82 ~~Jun-05~~Scheduled ~~0.000%~~Interest ~~Jul-05 0~~3,212,879.~~000%~~91 ~~Aug-05 0~~8,201,332.~~000%~~41 ~~Sep-05~~Servicing ~~0.000%~~Fee *The text reported in the above table is presented graphically on the monthly bond remittance report235,322.45 ~~The monthly bond remittance report can be viewed online at www~~568,160.~~ctslink.com.~~44 GrMaster 1Servicing ~~Sub-Gr~~Fee ~~2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0.00 ~~Oct-04~~ 0.~~000%~~00 ~~Original~~Trustee ~~Principal~~Fee ~~Balance~~ 0.00 ~~Nov-04~~ 0.~~000%~~00 ~~Current~~FRY ~~Principal~~Amount ~~Balance~~ 0.00 ~~Dec-04~~ 0.~~000%~~00 ~~Jan-05~~Special ~~0.000%~~Hazard ~~Current~~Fee ~~REO Total Feb-05~~ 0.~~000%~~00 ~~Loans in REO~~ 0 ~~Mar-05 0~~.~~000%~~00 ~~Original~~Other ~~Principal~~Fee ~~Balance 0~~6,589.0003 ~~Apr-05 0~~15,908.~~000%~~50 ~~Current~~Pool ~~Principal~~Insurance ~~Balance~~Fee 0.00 ~~May-05~~ 0.~~000%~~00 ~~Jun-05~~Spread ~~0.000%~~1 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~Spread ~~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. Gr~~ 2 ~~Sub-Gr 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO~~ 0 ~~Oct-04 0~~.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Nov-04~~Spread ~~0.000%~~3 ~~Current Principal Balance~~ 0.00 ~~Dec-04~~ 0.~~000%~~00 ~~Jan-05~~Net ~~0.000%~~Interest ~~Current REO Total Feb-05 0~~2,970,968.~~000%~~43 ~~Loans in REO 0 Mar-05 0~~7,617,263.~~000%~~47 ~~Original~~Realized ~~Principal~~Loss ~~Balance~~Amount 0.00 ~~Apr-05~~ 0.~~000%~~00 ~~Current~~Cumulative ~~Principal~~Realized ~~Balance~~Loss 0.00 ~~May-05~~ 0.~~000%~~00 ~~Jun-05~~Percentage ~~0.000%~~of ~~Jul-05~~Cumulative ~~0.000%~~Losses ~~Aug-05~~ 0.~~000%~~0000 ~~Sep-05~~ 0.~~000%~~0000 *ThePrepayment ~~text~~Penalty ~~reported~~Waived inAmount 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. Gr 2 Sub-Gr 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Oct-04 0~~.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Nov-04~~Prepayment ~~0.000%~~Penalty ~~Current~~Waived ~~Principal~~Count ~~Balance~~ 0~~.00~~ ~~Dec-04~~ 0~~.000%~~ ~~Jan-05~~Prepayment ~~0.000%~~Penalty ~~Current~~Paid ~~REO~~Amount ~~Total~~Not ~~Feb-05~~Available 0603134.~~000%~~08 ~~Loans~~Prepayment inPenalty ~~REO~~Paid 0Count ~~Mar-05~~Not ~~0.000%~~Available ~~Original~~101 ~~Principal~~Special ~~Balance~~Servicing Fee 0.00 ~~Apr-05~~ 0.~~000% Current Principal Balance 0.~~00 ~~May~~Pass-05Through ~~0.000%~~Rate ~~Jun-05 0~~6.~~000%~~312548 ~~Jul-05 0~~6.000% Aug-05 0.000% Sep-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.703444

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. Grp 1 Sub-Grp 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. Gr 1 Sub-Gr 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. Gr 2 Sub-Gr 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. Gr 2 Sub-Gr 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.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Mixed~~History* ~~Fixed~~New &Bankruptcy ~~Arm~~Loans ~~Weighted~~Month ~~Average~~Bankruptcy ~~Gross~~Percentage ~~Coupon~~Loans 7in Bankruptcy 0 Jan-05 0.~~228625~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 6Feb-05 0.~~728757~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 6Apr-05 0.~~714761~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~354~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~Jun-05 ~~7,212~~0.000% ~~Number~~Original OfPrincipal ~~Loans~~Balance ~~Paid~~0.00 InJul-05 ~~Full~~0.000% 60Current ~~Ending~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 ~~Loan~~Aug-05 ~~Count~~0.000% ~~7,152~~Sep-05 ~~Beginning~~0.000% ~~Scheduled~~Oct-05 ~~Collateral~~0.000% ~~Balance~~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. Grp 1~~,437,057,787~~ Sub-Grp 1 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.66000% ~~Ending~~Original ~~Scheduled~~Principal ~~Collateral~~Balance 0.00 Feb-05 0.000% Current Principal Balance ~~1,420,754,873~~0.3100 ~~Ending~~Mar-05 ~~Actual~~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 at0.00 31Jul-05 0.000% Current Principal Balance 0.00 Aug-~~2005~~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. Gr 1~~,421,489,488~~ Sub-Gr 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.36000% ~~Monthly~~Original ~~P&I~~Principal ~~Constant~~Balance ~~9,470,372~~0.6300 ~~Special~~Feb-05 ~~Servicing~~0.000% ~~Fee~~Current Principal Balance 0.00 ~~Prepayment~~Mar-05 ~~Penalties~~0.000% ~~443,640~~Apr-05 0.34000% ~~Realized~~Current ~~Loss~~Bankruptcy ~~Amount~~Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Cumulative~~Jul-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Scheduled~~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. Gr 2 Sub-Gr 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal ~~811,511~~Balance 0.2600 ~~Unscheduled~~Feb-05 0.000% Current Principal ~~15,491,403~~Balance 0.0900 ~~Required~~Mar-05 ~~Overcollateralization~~0.000% ~~Amount~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Overcollateralized~~Jul-05 ~~Increase~~0.000% ~~Amount~~Current Principal Balance 0.00 ~~Overcollateralized~~Aug-05 ~~reduction~~0.000% ~~Amount~~Sep-05 ~~225~~0.36000% ~~Specified~~Oct-05 ~~O/C~~0.000% ~~Amount~~Nov-05 ~~11,496,462~~0.30000% ~~Overcollateralized~~Dec-05 ~~Amount~~0.000% ~~11,496,462~~*The text reported in the above table is presented graphically on the monthly bond remittance report.30 ~~Overcollateralized~~The ~~Deficiency~~monthly ~~Amount~~bond remittance report can be viewed online at www.ctslink.com. Gr 2 Sub-Gr 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Base~~Feb-05 ~~Overcollateralized~~0.000% ~~Amount~~Current Principal Balance 0.00 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 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.

~~COLLATERAL~~Bankruptcy ~~STATEMENT~~Detail ~~Collateral~~- ~~Description~~All ~~Mixed~~Mortgage ~~Fixed~~Loans &in ~~Arm~~Bankruptcy ~~Weighted~~during ~~Average~~Current ~~Coupon~~Period ~~Rate~~Group ~~7.228625% Weighted Average Net Rate 6.728757% Weighted Average Pass Through Rate 6.714761% Weighted Average Maturity 354 Record Date 08/31/2005 Principal and Interest Constant 9,470,372.63 Beginning~~ Loan ~~Count~~Month ~~7,212 Loans Paid in Full 60 Ending~~ Loan ~~Count~~First ~~7,152~~State ~~Beginning~~LTV ~~Scheduled Balance 1,437,057,787.66 Ending Scheduled Balance 1,420,754,873.31 Ending Actual Balance~~ at ~~31-Aug-2005~~Original ~~1,421,489,488.36~~Number ~~Scheduled~~Entered ~~Principal~~Payment ~~811,511.26~~Origination ~~Unscheduled~~ Principal ~~15,491,403.09~~Bankruptcy ~~Scheduled~~Date ~~Interest~~Balance ~~8,658,861.37~~No ~~Servicing~~Bankruptcy ~~Fee~~Loans ~~598,774.07~~this Master Servicing Fee 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 16,765.68 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 8,043,321.62 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 443,640.34 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 225.36 Specified O/C Amount 11,496,462.30 Overcollateralized Amount 11,496,462.30 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00Period

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail ~~Credit~~- ~~Enhancement~~All ~~Percentage:~~Mortgage ~~24.680034%~~Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Principal Date Delinquent Loan Rate Delinquent Balance Interest No Bankruptcy Loans this Period

Group Level Collateral Statement Group Grp 1 Sub-Grp 1 Gr 1 Sub-Gr 2 Gr 2 Sub-Gr 2 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.666479 7.267723 8.564691 Weighted Average Net Rate 7.166479 6.767723 8.064691 Weighted Average Maturity 344 358 328 Beginning Loan Count 1,502 3,164 935 Loans Paid In Full 8 29 3 Ending Loan Count 1,494 3,135 932 Beginning Scheduled Balance 141,659,073.37 584,882,431.54 114,185,794.15 Ending Scheduled Balance 141,209,496.37 578,494,407.39 113,778,382.93 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 1,031,401.91 3,868,621.64 899,885.43 Scheduled Principal 126,379.98 326,318.52 84,913.72 Unscheduled Principal 323,197.02 6,061,705.63 322,497.50 Scheduled Interest 905,021.93 3,542,303.12 814,971.71 Servicing Fees 59,024.61 243,701.01 47,577.41 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 1,652.69 6,823.63 1,332.17 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 844,344.63 3,291,778.48 766,062.13 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 7.152479 6.753723 8.050691

Group Level Collateral Statement Group Gr 2 Sub-Gr 2 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.834931 7.228625 Weighted Average Net Rate 6.334931 6.728757 Weighted Average Maturity 358 354 Beginning Loan Count 1,611 7,212 Loans Paid In Full 20 60 Ending Loan Count 1,591 7,152 Beginning Scheduled Balance 596,330,488.60 1,437,057,787.66 Ending scheduled Balance 587,272,586.62 1,420,754,873.31 Record Date 08/31/2005 08/31/2005 Principal And Interest Constant 3,670,463.65 9,470,372.63 Scheduled Principal 273,899.04 811,511.26 Unscheduled Principal 8,784,002.94 15,491,403.09 Scheduled Interest 3,396,564.61 8,658,861.37 Servicing Fees 248,471.04 598,774.07 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 6,957.19 16,765.68 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 3,141,136.38 8,043,321.62 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.320931 6.714761

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 Grp 1 Sub-Grp 1 8 313,188.00 312,351.35 0 0.00 0.00 Gr 1 Sub-Gr 2 29 6,055,399.00 6,047,855.09 0 0.00 0.00 Gr 2 Sub-Gr 2 3 304,200.00 303,876.35 0 0.00 0.00 Gr 2 Sub-Gr 2 20 8,782,513.00 8,771,936.82 0 0.00 0.00 Total 60 15,455,300.00 15,436,019.61 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Grp 1 Sub-Grp 1 0 0.00 0.00 0 0.00 0.00 11,188.86 Gr 1 Sub-Gr 2 0 0.00 0.00 0 0.00 0.00 17,338.26 Gr 2 Sub-Gr 2 0 0.00 0.00 0 0.00 0.00 18,752.96 Gr 2 Sub-Gr 2 0 0.00 0.00 0 0.00 0.00 16,719.98 Total 0 0.00 0.00 0 0.00 0.00 64,000.06

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Grp 1 Sub-Grp 1 0110519097 WI 99.92 01-Jul-2005 24,900.00 24,796.89 Grp 1 Sub-Grp 1 0110520722 NJ 95.00 01-Jul-2005 5,250.00 5,215.02 Grp 1 Sub-Grp 1 0110521062 WI 90.00 01-Jul-2005 9,000.00 8,888.09 Grp 1 Sub-Grp 1 0110521199 NV 93.89 01-Jul-2005 42,500.00 42,425.72 Grp 1 Sub-Grp 1 0110521319 VA 95.00 01-Jul-2005 8,350.00 8,236.78 Grp 1 Sub-Grp 1 0110521597 NV 95.00 01-Jul-2005 7,638.00 7,534.44 Grp 1 Sub-Grp 1 0110522041 CA 85.00 01-Jun-2005 165,750.00 165,200.66 Grp 1 Sub-Grp 1 0110522418 CA 97.17 01-Jun-2005 49,800.00 49,710.56 Gr 1 Sub-Gr 2 0110515969 NY 80.00 01-Jul-2005 248,000.00 247,517.40 Gr 1 Sub-Gr 2 0110516104 NJ 57.29 01-Jul-2005 275,000.00 274,390.00 Gr 1 Sub-Gr 2 0110516233 NJ 80.00 01-Jul-2005 276,000.00 275,290.04 Gr 1 Sub-Gr 2 0110516366 NJ 80.00 01-Jul-2005 265,600.00 265,595.07 Gr 1 Sub-Gr 2 0110516838 NJ 95.00 01-Jul-2005 318,250.00 317,461.27 Gr 1 Sub-Gr 2 0110516966 CA 80.00 01-Jul-2005 320,000.00 320,000.00 Gr 1 Sub-Gr 2 0110516985 CA 90.00 01-Jul-2005 294,300.00 293,721.47 Gr 1 Sub-Gr 2 0110517110 CA 75.00 01-Jul-2005 354,000.00 353,403.31 Gr 1 Sub-Gr 2 0110517449 AZ 80.00 01-Jun-2005 82,400.00 82,164.41 Gr 1 Sub-Gr 2 0110517773 VA 90.00 01-Jul-2005 355,050.00 354,344.94 Gr 1 Sub-Gr 2 0110517996 FL 79.98 01-Jul-2005 177,950.00 177,603.73 Gr 1 Sub-Gr 2 0110518256 MD 90.00 01-Jul-2005 214,200.00 214,200.00 Gr 1 Sub-Gr 2 0110518338 MD 80.00 01-Jul-2005 248,000.00 247,433.19 Gr 1 Sub-Gr 2 0110518601 NC 80.00 01-Jul-2005 52,000.00 51,910.50 Gr 1 Sub-Gr 2 0110519068 VA 95.00 01-Mar-2005 96,900.00 96,505.15 Gr 1 Sub-Gr 2 0110519100 WI 79.98 01-Jul-2005 99,900.00 99,705.60 Gr 1 Sub-Gr 2 0110519140 MN 64.85 01-Jul-2005 107,000.00 106,762.65 Gr 1 Sub-Gr 2 0110519576 IN 89.99 01-Jul-2005 125,000.00 124,746.17 Gr 1 Sub-Gr 2 0110519636 IL 75.00 01-Jul-2005 99,000.00 98,852.74 Gr 1 Sub-Gr 2 0110520725 NJ 90.00 01-Jul-2005 94,500.00 94,294.51 Gr 1 Sub-Gr 2 0110520782 CA 71.43 01-Jul-2005 300,000.00 299,293.66 Gr 1 Sub-Gr 2 0110521120 WI 85.00 01-Jul-2005 153,000.00 152,733.97 Gr 1 Sub-Gr 2 0110521257 NV 80.23 01-Jul-2005 249,500.00 249,500.00 Gr 1 Sub-Gr 2 0110521665 CA 65.00 01-Jun-2005 263,250.00 262,521.82 Gr 1 Sub-Gr 2 0110521879 CA 85.00 01-Jul-2005 340,000.00 338,939.98 Gr 1 Sub-Gr 2 0110521973 NV 90.00 01-Jul-2005 137,499.00 137,225.93 Gr 1 Sub-Gr 2 0110522425 CA 80.00 01-Jun-2005 232,000.00 232,000.00 Gr 1 Sub-Gr 2 0110522567 CA 68.97 01-Jun-2005 200,000.00 199,345.29 Gr 1 Sub-Gr 2 0110524587 FL 60.23 01-Jul-2005 77,100.00 76,904.57 Gr 2 Sub-Gr 2 0110517542 HI 100.00 01-Jun-2005 156,000.00 155,743.29 Gr 2 Sub-Gr 2 0110519782 VA 86.62 01-Jul-2005 43,000.00 42,942.34 Gr 2 Sub-Gr 2 0110520851 CA 100.00 01-Jul-2005 105,200.00 105,058.91 Gr 2 Sub-Gr 2 0110516008 NY 80.82 01-Jul-2005 396,000.00 395,103.91 Gr 2 Sub-Gr 2 0110516346 NY 88.89 01-Jul-2005 720,000.00 718,418.80 Gr 2 Sub-Gr 2 0110516713 CA 90.00 01-Jul-2005 486,000.00 485,013.17 Gr 2 Sub-Gr 2 0110516720 MD 80.00 01-Jul-2005 432,000.00 432,000.00 Gr 2 Sub-Gr 2 0110516823 CA 85.00 01-Jul-2005 309,213.00 309,205.96 Gr 2 Sub-Gr 2 0110516892 CA 80.00 01-Jul-2005 350,000.00 350,000.00 Gr 2 Sub-Gr 2 0110517285 OR 80.00 01-Jun-2005 188,000.00 187,406.67 Gr 2 Sub-Gr 2 0110517396 CA 85.00 01-Jun-2005 578,000.00 576,250.71 Gr 2 Sub-Gr 2 0110517538 CA 90.00 01-Jun-2005 567,000.00 566,999.99 Gr 2 Sub-Gr 2 0110517543 HI 80.00 01-Jun-2005 624,000.00 621,853.76 Gr 2 Sub-Gr 2 0110518177 FL 80.00 01-Jul-2005 288,000.00 287,237.21 Gr 2 Sub-Gr 2 0110518197 FL 80.00 01-Jul-2005 276,000.00 275,310.59 Gr 2 Sub-Gr 2 0110518257 FL 80.00 01-Jun-2005 224,000.00 223,348.53 Gr 2 Sub-Gr 2 0110519466 MN 78.51 01-Jul-2005 581,000.00 579,188.65 Gr 2 Sub-Gr 2 0110519944 VA 80.00 01-Jul-2005 520,000.00 518,701.12 Gr 2 Sub-Gr 2 0110520249 NJ 75.00 01-Jun-2005 142,500.00 142,225.06 Gr 2 Sub-Gr 2 0110520803 CA 90.00 01-Jul-2005 450,000.00 450,000.00 Gr 2 Sub-Gr 2 0110520878 CA 80.00 01-Jul-2005 420,800.00 420,800.00 Gr 2 Sub-Gr 2 0110521039 CA 90.00 01-Jul-2005 666,000.00 664,218.83 Gr 2 Sub-Gr 2 0110522373 CA 80.00 01-Jun-2005 564,000.00 564,000.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Grp 1 Sub-Grp 1 0110519097 Loan Paid in Full 0 9.700% 240 2 Grp 1 Sub-Grp 1 0110520722 Loan Paid in Full 0 11.000% 180 2 Grp 1 Sub-Grp 1 0110521062 Loan Paid in Full 0 12.990% 120 2 Grp 1 Sub-Grp 1 0110521199 Loan Paid in Full 0 8.725% 360 2 Grp 1 Sub-Grp 1 0110521319 Loan Paid in Full 0 11.500% 120 2 Grp 1 Sub-Grp 1 0110521597 Loan Paid in Full 0 11.500% 120 2 Grp 1 Sub-Grp 1 0110522041 Loan Paid in Full 0 6.990% 360 3 Grp 1 Sub-Grp 1 0110522418 Loan Paid in Full 0 9.990% 360 3 Gr 1 Sub-Gr 2 0110515969 Loan Paid in Full 0 8.200% 360 2 Gr 1 Sub-Gr 2 0110516104 Loan Paid in Full 0 7.550% 360 2 Gr 1 Sub-Gr 2 0110516233 Loan Paid in Full 0 6.800% 360 2 Gr 1 Sub-Gr 2 0110516366 Loan Paid in Full 0 6.800% 360 2 Gr 1 Sub-Gr 2 0110516838 Loan Paid in Full 0 6.990% 360 2 Gr 1 Sub-Gr 2 0110516966 Loan Paid in Full 0 6.990% 360 2 Gr 1 Sub-Gr 2 0110516985 Loan Paid in Full 0 8.150% 360 2 Gr 1 Sub-Gr 2 0110517110 Loan Paid in Full 0 8.900% 360 2 Gr 1 Sub-Gr 2 0110517449 Loan Paid in Full 0 7.750% 360 3 Gr 1 Sub-Gr 2 0110517773 Loan Paid in Full 0 8.100% 360 2 Gr 1 Sub-Gr 2 0110517996 Loan Paid in Full 0 8.200% 360 2 Gr 1 Sub-Gr 2 0110518256 Loan Paid in Full 0 7.150% 360 2 Gr 1 Sub-Gr 2 0110518338 Loan Paid in Full 0 7.400% 360 2 Gr 1 Sub-Gr 2 0110518601 Loan Paid in Full 0 8.800% 360 2 Gr 1 Sub-Gr 2 0110519068 Loan Paid in Full 0 8.800% 360 6 Gr 1 Sub-Gr 2 0110519100 Loan Paid in Full 0 8.200% 360 2 Gr 1 Sub-Gr 2 0110519140 Loan Paid in Full 0 7.550% 360 2 Gr 1 Sub-Gr 2 0110519576 Loan Paid in Full 0 7.990% 360 2 Gr 1 Sub-Gr 2 0110519636 Loan Paid in Full 0 9.500% 360 2 Gr 1 Sub-Gr 2 0110520725 Loan Paid in Full 0 7.650% 360 2 Gr 1 Sub-Gr 2 0110520782 Loan Paid in Full 0 7.250% 360 2 Gr 1 Sub-Gr 2 0110521120 Loan Paid in Full 0 8.750% 360 2 Gr 1 Sub-Gr 2 0110521257 Loan Paid in Full 0 6.050% 360 2 Gr 1 Sub-Gr 2 0110521665 Loan Paid in Full 0 7.900% 360 3 Gr 1 Sub-Gr 2 0110521879 Loan Paid in Full 0 5.800% 360 2 Gr 1 Sub-Gr 2 0110521973 Loan Paid in Full 0 8.100% 360 2 Gr 1 Sub-Gr 2 0110522425 Loan Paid in Full 0 5.750% 360 3 Gr 1 Sub-Gr 2 0110522567 Loan Paid in Full 0 7.100% 360 3 Gr 1 Sub-Gr 2 0110524587 Loan Paid in Full 0 6.875% 360 2 Gr 2 Sub-Gr 2 0110517542 Loan Paid in Full 0 10.400% 360 3 Gr 2 Sub-Gr 2 0110519782 Loan Paid in Full 0 9.990% 360 2 Gr 2 Sub-Gr 2 0110520851 Loan Paid in Full 0 9.990% 360 2 Gr 2 Sub-Gr 2 0110516008 Loan Paid in Full 0 7.450% 360 2 Gr 2 Sub-Gr 2 0110516346 Loan Paid in Full 0 7.600% 360 2 Gr 2 Sub-Gr 2 0110516713 Loan Paid in Full 0 7.990% 360 2 Gr 2 Sub-Gr 2 0110516720 Loan Paid in Full 0 6.990% 360 2 Gr 2 Sub-Gr 2 0110516823 Loan Paid in Full 0 8.200% 360 2 Gr 2 Sub-Gr 2 0110516892 Loan Paid in Full 0 6.550% 360 2 Gr 2 Sub-Gr 2 0110517285 Loan Paid in Full 0 7.250% 360 3 Gr 2 Sub-Gr 2 0110517396 Loan Paid in Full 0 7.450% 360 3 Gr 2 Sub-Gr 2 0110517538 Loan Paid in Full 0 6.550% 360 3 Gr 2 Sub-Gr 2 0110517543 Loan Paid in Full 0 6.800% 360 3 Gr 2 Sub-Gr 2 0110518177 Loan Paid in Full 0 6.650% 360 2 Gr 2 Sub-Gr 2 0110518197 Loan Paid in Full 0 6.950% 360 2 Gr 2 Sub-Gr 2 0110518257 Loan Paid in Full 0 7.650% 360 3 Gr 2 Sub-Gr 2 0110519466 Loan Paid in Full 0 5.800% 360 2 Gr 2 Sub-Gr 2 0110519944 Loan Paid in Full 0 6.950% 360 2 Gr 2 Sub-Gr 2 0110520249 Loan Paid in Full 0 9.650% 360 3 Gr 2 Sub-Gr 2 0110520803 Loan Paid in Full 0 6.450% 360 2 Gr 2 Sub-Gr 2 0110520878 Loan Paid in Full 0 6.500% 360 2 Gr 2 Sub-Gr 2 0110521039 Loan Paid in Full 0 6.600% 360 2 Gr 2 Sub-Gr 2 0110522373 Loan Paid in Full 0 6.650% 360 3

Summary SMM CPR PSA Current Month 1.079% Current Month 12.202% Current Month 2,698.019% 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 12.202% N/A Sep-2005 2,698.019% 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. Grp 1 Sub-Grp 1 SMM CPR PSA Current Month 0.228% Current Month 2.706% Current Month 616.613% 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 2.706% N/A Sep-2005 616.613% 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. Gr 1 Sub-Gr 2 SMM CPR PSA Current Month 1.037% Current Month 11.758% Current Month 2,596.959% 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 11.758% N/A Sep-2005 2,596.959% 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. Gr 2 Sub-Gr 2 SMM CPR PSA Current Month 0.283% Current Month 3.339% Current Month 755.363% 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 3.339% N/A Sep-2005 755.363% 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. Gr 2 Sub-Gr 2 SMM CPR PSA Current Month 1.474% Current Month 16.319% Current Month 3,571.030% 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 16.319% N/A Sep-2005 3,571.030% 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. Grp 1 Sub-Grp 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. Gr 1 Sub-Gr 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. Gr 2 Sub-Gr 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. Gr 2 Sub-Gr 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. 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 · ACE Securities Corp Home Equity Loan Trust 2005-HE5