8-K 1 sab05fr2_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 SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST Mortgage Pass-Through Certificates, Series 2005-FR2 (Exact name of registrant as specified in its charter) New York (governing law of 333-108395-15 Pooling and Servicing Agreement) (Commission 54-2175598 (State or other File Number) 54-2175599 jurisdiction 54-6666955 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST, Mortgage Pass-Through Certificates, Series 2005-FR2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-FR2 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. SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST Mortgage Pass-Through Certificates, Series 2005-FR2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-FR2 Trust, relating to the December 27, 2005 distribution. EX-99.1 Securitized Asset Backed Receivables LLC Trust Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Securitized Asset Backed Receivables LLC Trust Mortgage Pass-Through Certificates Series SABR 2005-FR2 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

Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Securitized Asset Backed Receivables Mortgage Pass-Through Certificates Series SABR 2005-FR2 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-1A 81375WEL6 ~~SEN 3~~4.~~78500~~51625% ~~454~~369,~~893~~563,~~110~~272.5736 1,~~482~~483,~~635~~591.6423 A-1B 81375WEM4 ~~SEN 3~~4.~~84500~~57625% ~~113~~92,~~723~~390,~~277~~818.6409 ~~376~~375,~~534~~825.6132 A-2A 81375WEB8 ~~SEN 3~~4.~~55000~~28125% ~~128~~88,~~151~~118,~~671~~127.3091 ~~391~~335,~~752~~338.5443 A-2B 81375WEC6 ~~SEN 3~~4.~~69000~~42125% 55,243,000.00 ~~175~~217,~~534~~104.6399 A-2C 81375WED4 ~~SEN 3~~4.~~79000~~52125% 46,517,000.00 ~~151~~186,~~813~~946.4065 M-1 81375WEE2 ~~MEZ 3~~4.~~90000~~63125% 92,428,000.00 ~~310~~380,~~404~~495.0327 M-2 81375WEF9 ~~MEZ~~ 4.~~11000~~84125% 59,263,000.00 ~~209~~255,~~741~~028.6344 M-3 81375WEG7 ~~MEZ~~ 4.~~16000~~89125% 17,399,000.00 6275,~~327~~646.0899 B-1 81375WEH5 ~~JUN 4~~5.~~66000~~39125% 16,311,000.00 6578,~~452~~165.4294 B-2 81375WEJ1 ~~JUN 4~~5.~~76000~~49125% 13,592,000.00 5566,~~712~~344.1006 B-3 81375WEK8 ~~JUN~~ 5.~~16000~~89125% 11,961,000.00 5362,~~146~~635.7177 B-4 81375WEN2 ~~JUN 6~~7.~~71000~~44125% 11,418,000.00 6575,~~973~~523.8473 X SAB05FR2X ~~SEN~~ 0.00000% 22,291,556.97 21,~~347~~821,~~801~~232.6404 P SAB05FR2P ~~SEN~~ 0.00000% 0.01 1258,~~540,999~~357.6752 R SAB05F2R1 ~~RES~~ 0.00000% 0.00 0.00 Totals 1896,~~043~~495,~~191,616~~775.4934 75,~~289~~672,~~829~~236.9438

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-1A 1719,~~578~~155,~~730~~419.2456 0.00 ~~437~~350,~~314~~407,~~380~~852.3380 1920,~~061~~639,~~365~~010.8879 0.00 A-1B 4,~~394~~788,~~682~~854.5689 0.00 ~~109~~87,~~328~~601,~~595~~963.0820 45,~~771~~164,~~217~~680.1721 0.00 A-2A 1211,~~571~~384,~~468~~397.0183 0.00 ~~115~~76,~~580~~733,~~203~~730.2908 1211,~~963~~719,~~220~~736.5526 0.00 A-2B 0.00 0.00 55,243,000.00 ~~175~~217,~~534~~104.6399 0.00 A-2C 0.00 0.00 46,517,000.00 ~~151~~186,~~813~~946.4065 0.00 M-1 0.00 0.00 92,428,000.00 ~~310~~380,~~404~~495.0327 0.00 M-2 0.00 0.00 59,263,000.00 ~~209~~255,~~741~~028.6344 0.00 M-3 0.00 0.00 17,399,000.00 6275,~~327~~646.0899 0.00 B-1 0.00 0.00 16,311,000.00 6578,~~452~~165.4294 0.00 B-2 0.00 0.00 13,592,000.00 5566,~~712~~344.1006 0.00 B-3 0.00 0.00 11,961,000.00 5362,~~146~~635.7177 0.00 B-4 0.00 0.00 11,418,000.00 6575,~~973~~523.8473 0.00 X 0.00 0.00 22,291,556.97 21,~~347~~821,~~801~~232.6404 0.00 P 0.00 0.00 0.01 1258,~~540,999~~357.6752 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 3435,~~544~~328,~~880~~672.8128 0.00 1861,~~008~~167,~~646,735~~103.6806 41,~~834~~000,~~710~~908.7566 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)~~ A-1A 480,732,000.00 ~~454~~369,~~893~~563,~~110~~272.5736 0.00 1719,~~578~~155,~~730~~419.2456 0.00 0.00 A-1B 120,183,000.00 ~~113~~92,~~723~~390,~~277~~818.6409 0.00 4,~~394~~788,~~682~~854.5689 0.00 0.00 A-2A 140,054,000.00 ~~128~~88,~~151~~118,~~671~~127.3091 0.00 1211,~~571~~384,~~468~~397.0183 0.00 0.00 A-2B 55,243,000.00 55,243,000.00 0.00 0.00 0.00 0.00 A-2C 46,517,000.00 46,517,000.00 0.00 0.00 0.00 0.00 M-1 92,428,000.00 92,428,000.00 0.00 0.00 0.00 0.00 M-2 59,263,000.00 59,263,000.00 0.00 0.00 0.00 0.00 M-3 17,399,000.00 17,399,000.00 0.00 0.00 0.00 0.00 B-1 16,311,000.00 16,311,000.00 0.00 0.00 0.00 0.00 B-2 13,592,000.00 13,592,000.00 0.00 0.00 0.00 0.00 B-3 11,961,000.00 11,961,000.00 0.00 0.00 0.00 0.00 B-4 11,418,000.00 11,418,000.00 0.00 0.00 0.00 0.00 X 22,292,023.30 22,291,556.97 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,087,393,023.31 1896,~~043~~495,~~191,616~~775.4934 0.00 3435,~~544~~328,~~880~~672.8128 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-1A 1719,~~578~~155,~~730~~419.2456 ~~437~~350,~~314~~407,~~380~~852.3380 0.~~90968436~~728905 1719,~~578~~155,~~730~~419.2456 A-1B 4,~~394~~788,~~682~~854.5689 ~~109~~87,~~328~~601,~~595~~963.0820 0.~~90968436~~728905 4,~~394~~788,~~682~~854.5689 A-2A 1211,~~571~~384,~~468~~397.0183 ~~115~~76,~~580~~733,~~203~~730.2908 0.~~82525457~~547887 1211,~~571~~384,~~468~~397.0183 A-2B 0.00 55,243,000.00 1.~~00000000~~000000 0.00 A-2C 0.00 46,517,000.00 1.~~00000000~~000000 0.00 M-1 0.00 92,428,000.00 1.~~00000000~~000000 0.00 M-2 0.00 59,263,000.00 1.~~00000000~~000000 0.00 M-3 0.00 17,399,000.00 1.~~00000000~~000000 0.00 B-1 0.00 16,311,000.00 1.~~00000000~~000000 0.00 B-2 0.00 13,592,000.00 1.~~00000000~~000000 0.00 B-3 0.00 11,961,000.00 1.~~00000000~~000000 0.00 B-4 0.00 11,418,000.00 1.~~00000000~~000000 0.00 X 0.00 22,291,556.97 0.~~99997908~~999979 0.00 P 0.00 0.01 1.~~00000000~~000000 0.00 R 0.00 0.00 0.~~00000000~~000000 0.00 Totals 3435,~~544~~328,~~880~~672.8128 1861,~~008~~167,~~646,735~~103.6806 0.~~92758250~~791956 3435,~~544~~328,~~880~~672.8128

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1A 480,732,000.00 ~~946~~768.~~25094766~~751139 0.~~00000000~~000000 3639.~~56659062~~846358 0.~~00000000~~000000 A-1B 120,183,000.00 ~~946~~768.~~25094764~~751139 0.~~00000000~~000000 3639.~~56659062~~846358 0.~~00000000~~000000 A-2A 140,054,000.00 ~~915~~629.~~01614592~~172519 0.~~00000000~~000000 8981.~~76157775~~285774 0.~~00000000~~000000 A-2B 55,243,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-2C 46,517,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 92,428,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 59,263,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 17,399,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 16,311,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-2 13,592,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-3 11,961,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-4 11,418,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 X 22,292,023.30 999.~~97908086~~979081 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.01 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 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-1A 0.~~00000000~~000000 3639.~~56659062~~846358 ~~909~~728.~~68435704~~904780 0.~~90968436~~728905 3639.~~56659062~~846358 A-1B 0.~~00000000~~000000 3639.~~56659062~~846358 ~~909~~728.~~68435702~~904780 0.~~90968436~~728905 3639.~~56659062~~846358 A-2A 0.~~00000000~~000000 8981.~~76157775~~285774 ~~825~~547.~~25456817~~886744 0.~~82525457~~547887 8981.~~76157775~~285774 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 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 B-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 X 0.~~00000000~~000000 0.~~00000000~~000000 999.~~97908086~~979081 0.~~99997908~~999979 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 R 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-1A ~~480,732,000.00~~11/25/05 3- 12/26/05 32 4.~~78500~~51625% ~~454~~369,~~893~~563,~~110~~272.5736 1,~~482~~483,~~635~~591.6423 0.00 ~~0.00~~ A-1B ~~120,183,000.00~~11/25/05 3- 12/26/05 32 4.~~84500~~57625% ~~113~~92,~~723~~390,~~277~~818.6409 ~~376~~375,~~534~~825.6132 0.00 ~~0.00~~ A-2A ~~140,054,000.00~~11/25/05 3- 12/26/05 32 4.~~55000~~28125% ~~128~~88,~~151~~118,~~671~~127.3091 ~~391~~335,~~752~~338.5443 0.00 ~~0.00~~ A-2B ~~55,243,000.00~~11/25/05 3- 12/26/05 32 4.~~69000~~42125% 55,243,000.00 ~~175~~217,~~534~~104.6399 0.00 ~~0.00~~ A-2C ~~46,517,000.00~~11/25/05 3- 12/26/05 32 4.~~79000~~52125% 46,517,000.00 ~~151~~186,~~813~~946.4065 0.00 ~~0.00~~ M-1 ~~92,428,000.00~~11/25/05 3- 12/26/05 32 4.~~90000~~63125% 92,428,000.00 ~~310~~380,~~404~~495.0327 0.00 ~~0.00~~ M-2 ~~59,263,000.00~~11/25/05 - 12/26/05 32 4.~~11000~~84125% 59,263,000.00 ~~209~~255,~~741~~028.6344 0.00 ~~0.00~~ M-3 ~~17,399,000.00~~11/25/05 - 12/26/05 32 4.~~16000~~89125% 17,399,000.00 6275,~~327~~646.0899 0.00 ~~0.00~~ B-1 ~~16,311,000.00~~11/25/05 4- 12/26/05 32 5.~~66000~~39125% 16,311,000.00 6578,~~452~~165.4294 0.00 ~~0.00~~ B-2 ~~13,592,000.00~~11/25/05 4- 12/26/05 32 5.~~76000~~49125% 13,592,000.00 5566,~~712~~344.1006 0.00 ~~0.00~~ B-3 11~~,961,000.00~~/25/05 - 12/26/05 32 5.~~16000~~89125% 11,961,000.00 5362,~~146~~635.7177 0.00 ~~0.00~~ B-4 11~~,418,000.00~~/25/05 6- 12/26/05 32 7.~~71000~~44125% 11,418,000.00 6575,~~973~~523.8473 0.00 ~~0.00~~ X ~~22,292,023.30~~N/A N/A 0.00000% 22,291,556.97 0.00 0.00 ~~0.00~~ P ~~0.01~~N/A N/A 0.00000% 0.01 0.00 0.00 ~~0.00~~ R ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~1,087,393,023.31~~ 3,~~401~~592,~~028~~646.6382 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-1A 0.00 0.00 1,~~482~~483,~~635~~591.6423 0.00 ~~437~~350,~~314~~407,~~380~~852.3380 A-1B 0.00 0.00 ~~376~~375,~~534~~825.6132 0.00 ~~109~~87,~~328~~601,~~595~~963.0820 A-2A 0.00 0.00 ~~391~~335,~~752~~338.5443 0.00 ~~115~~76,~~580~~733,~~203~~730.2908 A-2B 0.00 0.00 ~~175~~217,~~534~~104.6399 0.00 55,243,000.00 A-2C 0.00 0.00 ~~151~~186,~~813~~946.4065 0.00 46,517,000.00 M-1 0.00 0.00 ~~310~~380,~~404~~495.0327 0.00 92,428,000.00 M-2 0.00 0.00 ~~209~~255,~~741~~028.6344 0.00 59,263,000.00 M-3 0.00 0.00 6275,~~327~~646.0899 0.00 17,399,000.00 B-1 0.00 0.00 6578,~~452~~165.4294 0.00 16,311,000.00 B-2 0.00 0.00 5566,~~712~~344.1006 0.00 13,592,000.00 B-3 0.00 0.00 5362,~~146~~635.7177 0.00 11,961,000.00 B-4 0.00 0.00 6575,~~973~~523.8473 0.00 11,418,000.00 X 0.00 0.00 21,~~347~~821,~~801~~232.6404 0.00 22,291,556.97 P 0.00 0.00 1258,~~540,999~~357.6752 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 75,~~289~~672,~~829~~236.9438 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-1A 11/25/05 - 12/26/05 480,732,000.00 34.~~78500~~51625% ~~946~~768.~~25094766~~751139 3.~~08412097~~086109 0.~~00000000~~000000 ~~0.00000000~~ A-1B 11/25/05 - 12/26/05 120,183,000.00 34.~~84500~~57625% ~~946~~768.~~25094764~~751139 3.~~13301058~~127109 0.~~00000000~~000000 ~~0.00000000~~ A-2A 11/25/05 - 12/26/05 140,054,000.00 34.~~55000~~28125% ~~915~~629.~~01614592~~172519 2.~~79715353~~394351 0.~~00000000~~000000 ~~0.00000000~~ A-2B 11/25/05 - 12/26/05 55,243,000.00 34.~~69000~~42125% 1000.~~00000000~~000000 3.~~17749995~~930000 0.~~00000000~~000000 ~~0.00000000~~ A-2C 11/25/05 - 12/26/05 46,517,000.00 34.~~79000~~52125% 1000.~~00000000~~000000 34.~~26361115~~018889 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 92,428,000.00 34.~~90000~~63125% 1000.~~00000000~~000000 34.~~35833330~~116667 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 59,263,000.00 4.~~11000~~84125% 1000.~~00000000~~000000 34.~~53916660~~303333 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 17,399,000.00 4.~~16000~~89125% 1000.~~00000000~~000000 34.~~58222197~~347778 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/26/05 16,311,000.00 45.~~66000~~39125% 1000.~~00000000~~000000 4.~~01277788~~792222 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/26/05 13,592,000.00 45.~~76000~~49125% 1000.~~00000000~~000000 4.~~09888905~~881111 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/26/05 11,961,000.00 5.~~16000~~89125% 1000.~~00000000~~000000 45.~~44333333~~236667 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/25/05 - 12/26/05 11,418,000.00 67.~~71000~~44125% 1000.~~00000000~~000000 56.~~77805570~~614445 0.~~00000000~~000000 ~~0.00000000~~ X N/A 22,292,023.30 0.00000% 999.~~97908086~~979081 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ P N/A 0.01 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 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-1A 0.~~00000000~~000000 0.~~00000000~~000000 3.~~08412097~~086109 0.~~00000000~~000000 ~~909~~728.~~68435704~~904780 A-1B 0.~~00000000~~000000 0.~~00000000~~000000 3.~~13301058~~127109 0.~~00000000~~000000 ~~909~~728.~~68435702~~904780 A-2A 0.~~00000000~~000000 0.~~00000000~~000000 2.~~79715353~~394351 0.~~00000000~~000000 ~~825~~547.~~25456817~~886744 A-2B 0.~~00000000~~000000 0.~~00000000~~000000 3.~~17749995~~930000 0.~~00000000~~000000 1000.~~00000000~~000000 A-2C 0.~~00000000~~000000 0.~~00000000~~000000 34.~~26361115~~018889 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~35833330~~116667 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~53916660~~303333 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~58222197~~347778 0.~~00000000~~000000 1000.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~01277788~~792222 0.~~00000000~~000000 1000.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~09888905~~881111 0.~~00000000~~000000 1000.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 45.~~44333333~~236667 0.~~00000000~~000000 1000.~~00000000~~000000 B-4 0.~~00000000~~000000 0.~~00000000~~000000 56.~~77805570~~614445 0.~~00000000~~000000 1000.~~00000000~~000000 X 0.~~00000000~~000000 0.~~00000000~~000000 ~~105~~81.~~32025776~~698822 0.~~00000000~~000000 999.~~97908086~~979081 P 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~~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 40,~~585~~821,~~425~~265.4660 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) ~~157~~692,~~727~~401.3499 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(3,286.0005) Prepayment Penalties 1258,~~540,999~~357.6752 Swap/Cap Payments 0.00 Total Deposits 4241,~~284~~768,~~152~~739.4706 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 0381,590.0012 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 449~~386,~~441~~240.7228 Payment of Interest and Principal 41,~~834~~000,~~710~~908.7566 Total Withdrawals (Pool Distribution Amount) 4241,~~284~~768,~~152~~739.4706 Ending Balance 0.00 Please see Additional Reporting Page for information related to SWAP and CAP payments.

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~434~~373,~~663~~539.1791 Loan Performance Advisor Fee 13- MortgageRamp Inc. 11,~~039~~206.9020 Trustee Fee - Wells Fargo Bank, ~~N.A.~~NA 1,~~738~~494.6517 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~449~~386,~~441~~240.7228 *Servicer Payees include: SAXON MORTGAGE SERVICES

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account~~Balance ~~Type~~ Balance ~~Withdrawals~~Basis ~~Deposits~~Risk ~~Balance~~ Reserve ~~Fund~~ 0.00 3513,~~051~~350.4217 3513,~~051~~350.4217 0.00 Fund

~~LOAN~~COLLATERAL ~~STATUS~~STATEMENT ~~STRATIFICATION/CREDIT~~Collateral ~~ENHANCEMENT~~Description ~~STATEMENT~~Mixed ~~DELINQUENT~~Fixed ~~BANKRUPTCY~~& ~~FORECLOSURE~~Arm ~~REO~~Weighted ~~Total~~Average NoGross ofCoupon ~~Loans~~7.098349% NoWeighted ofAverage ~~Loans~~Net NoCoupon of6.598349% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate No6.596349% ofWeighted ~~Loans~~Average ~~Principal~~Remaining ~~Balance~~Term ~~Principal~~349 ~~Balance~~Beginning ~~Principal~~Scheduled ~~Balance~~Collateral ~~Principal~~Loan ~~Balance~~Count ~~Principal~~4,454 ~~Balance~~Number ~~0-29~~Of ~~Days~~Loans 0Paid 0In 0Full 0154 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral ~~0.00~~Loan 30Count ~~Days~~4,300 ~~140~~Beginning 0Scheduled 0Collateral 0Balance ~~140 23~~896,~~116~~495,~~500~~775.4734 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 23Balance 861,~~116~~167,~~500~~103.4705 60Ending ~~Days~~Actual 2Collateral 0Balance 0at 030-Nov-2005 ~~2 134~~861,~~656~~572,224.5313 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~134~~5,~~656~~890,546.5372 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 0258,357.0052 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals~~ 142 0Realized 0Loss 0Amount ~~142 23~~3,~~251,157~~286.0005 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 2318,~~251,157~~411.0011 NoScheduled ~~of Loans No of Loans No of Loans No of Loans No of Loans~~ Principal ~~Balance~~587,513.80 ~~Principal~~Unscheduled ~~Balance~~ Principal ~~Balance Principal Balance Principal Balance 0-29 Days 0~~34,741,158.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.822581% 0.000000% 0.000000% 0.000000% 2.822581% 2.291833% 0.000000% 0.000000% 0.000000% 2.291833% 60 Days 0.040323% 0.000000% 0.000000% 0.000000% 0.040323% 0.013350% 0.000000% 0.000000% 0.000000% 0.013350% 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 2.862903% 0.000000% 0.000000% 0.000000% 2.862903% 2.305183% 0.000000% 0.000000% 0.000000% 2.305183%49

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group AGroup ~~Insufficient~~1 ~~Funds~~Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.029347 7.148609 8.501241 Weighted Average Net Rate 6.529347 6.648609 8.001241 Weighted Average Remaining Term 344 351 336 Beginning Loan Count 452 2,970 586 Loans Paid In Full 6 108 20 Ending Loan Count 446 2,862 566 Beginning Scheduled Balance 85,858,241.93 550,559,003.23 45,658,677.57 Ending Scheduled Balance 84,515,182.75 527,956,729.05 43,283,896.60 Record Date 11/30/2005 11/30/2005 11/30/2005 Principal And Interest Constant 584,562.07 3,623,036.36 363,963.23 Scheduled Principal 81,622.62 343,260.33 40,500.38 Unscheduled Principal 1,261,436.56 22,259,013.85 2,334,280.59 Scheduled Interest 502,939.45 3,279,776.03 323,462.85 Servicing Fee 35,774.27 229,399.58 19,024.45 Master Servicing Fee 0.00 ~~Principal~~0.00 ~~Balance~~0.00 ofTrustee ~~Contaminated~~Fee ~~Properties~~143.10 917.60 76.10 FRY Amount 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 ~~157~~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 467,~~727~~022.3408 3,049,458.85 304,362.30 Realized Loss Amount 0.00 3,286.05 0.00 Cumulative Realized Loss 1,618.13 9,314.75 720.99 Percentage of Cumulative Losses 0.0017 0.0014 0.0014 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 6.527347 6.646609 7.999241

~~SUBORDINATION~~Group ~~LEVEL/CREDIT~~Level ~~ENHANCEMENT/CLASS~~Collateral ~~PERCENTAGE~~Statement ~~AND~~Group ~~PREPAYMENT~~Group ~~PERCENTAGE~~4 ~~Current~~Total ~~Original~~Collateral $Description ~~Original~~Fixed %15/30 ~~Current~~& $ARM ~~Current~~Mixed %Fixed ~~Class%~~& ~~Prepayment%~~Arm ~~Class~~Weighted ~~M-1~~Average ~~152,236,023.31~~Coupon ~~14.00009197%~~Rate ~~152,235,556~~6.98698193 157.~~09305008%~~098349 9Weighted Average Net Rate 6.~~163565%~~198193 06.~~000000%~~598349 ~~Class~~Weighted ~~M-2~~Average 92Remaining Term 351 349 Beginning Loan Count 446 4,~~973~~454 Loans Paid In Full 20 154 Ending Loan Count 426 4,~~023.31~~300 ~~8.55008459%~~Beginning 92Scheduled Balance 214,~~972~~419,~~556~~852.9861 9896,495,775.~~21755395%~~34 ~~5.875496%~~Ending ~~0.000000%~~scheduled ~~Class~~Balance ~~M-3 75~~205,~~574~~411,~~023~~294.3165 ~~6.95001915% 75~~861,~~573~~167,~~556~~103.9805 ~~7.49256943%~~Record ~~1.724985%~~Date ~~0.000000%~~11/30/2005 ~~Class~~11/30/2005 ~~B-1~~Principal 59And Interest Constant 1,~~263~~318,~~023~~985.3106 5~~.45000952% 59~~,~~262~~890,~~556~~546.9872 ~~5.87545222%~~Scheduled 1Principal 122,130.~~617117%~~47 0587,513.~~000000%~~80 ~~Class~~Unscheduled ~~B-2~~Principal 458,~~671~~886,~~023~~427.3149 ~~4.20004748% 45~~34,~~670~~741,~~556~~158.9849 ~~4.52790411%~~Scheduled Interest 1,196,854.~~347548%~~59 05,303,032.~~000000%~~92 ~~Class~~Servicing ~~B-3~~Fee 3389,~~710~~341.61 373,~~023~~539.3191 3Master Servicing Fee 0.~~10007721%~~00 ~~33,709,556~~0.9800 3Trustee Fee 357.~~34205781%~~37 1,494.~~185846%~~17 FRY Amount 0.~~000000%~~00 ~~Class~~0.00 ~~B-4~~Special ~~22,292,023.31~~Hazard ~~2.05004289%~~Fee ~~22,291,556~~0.9800 20.~~21004601%~~00 1Other Fee 0.~~132012%~~00 0.~~000000%~~00 ~~Class~~Pool XInsurance Fee 0.0100 0.~~00000000%~~00 Spread 1 0.0100 0.~~00000000%~~00 Spread 2 0.~~210046%~~00 0.~~000000%~~00 ~~Class~~Spread P3 0.00 0.~~00000000%~~00 Net Interest 1,107,155.61 4,927,998.84 Realized Loss Amount 0.00 03,286.~~00000000%~~05 0Cumulative Realized Loss 6,757.~~000000%~~24 018,411.~~000000%~~11 ~~Class~~Percentage ~~LT-R~~of Cumulative Losses 0.000026 0.~~00000000%~~0017 Prepayment Penalty Waived Amount 0.00 0.~~00000000%~~00 Prepayment Penalty Waived Count 0~~.000000%~~ 0 Prepayment Penalty Paid Amount Not Available 258357.~~000000%~~52 ~~Please~~Prepayment ~~Refer~~Penalty toPaid ~~the~~Count ~~Prospectus~~Not ~~Supplement~~Available ~~for~~142 aSpecial ~~Full~~Servicing ~~Description~~Fee of0.00 ~~Loss~~0.00 ~~Exposure~~Pass-Through Rate 6.196193 6.596349

~~COLLATERAL~~Additional ~~STATEMENT~~Reporting ~~Collateral~~- ~~Description~~Deal ~~Mixed~~Level ~~Fixed~~Miscellaneous &Reporting ~~Arm~~Credit ~~Weighted~~Enhancement ~~Average~~Percentage ~~Gross Coupon 7~~28.~~129582~~410695% ~~Weighted~~Delinquency ~~Average~~Trigger ~~Net~~Event ~~Coupon~~NO ~~6.629582%~~Cumulative ~~Weighted~~Loss ~~Average~~Trigger ~~Pass-Through~~Event ~~Rate~~NO ~~6.627582%~~Trigger ~~Weighted~~Event ~~Average~~NO ~~Maturity(~~Stepdown ~~Calculation)~~NO ~~357~~Total ~~Beginning~~Monthly ~~Scheduled~~Excess ~~Collateral~~Spread ~~Loan Count 5~~1,~~109~~324,071.07 ~~Number~~Specified OfSubordinated ~~Loans~~Amount ~~Paid~~22,291,556.98 InSubordinated ~~Full~~Deficiency ~~149~~Amount ~~Ending~~3,286.05 ~~Scheduled~~Extra ~~Collateral~~Principal ~~Loan~~Distribution ~~Count~~Amount 43,~~960~~286.05 ~~Beginning~~Subordinated ~~Scheduled~~Increase ~~Collateral~~Amount ~~Balance 1~~3,~~043,191,616~~286.4905 ~~Ending~~Excess ~~Scheduled~~Subordinated ~~Collateral~~Amount ~~Balance 1,008,646,735~~0.6800 ~~Ending~~Subordinated ~~Actual~~Reduction ~~Collateral~~Amount ~~Balance~~0.00 atSubordinated ~~29-Jul-2005~~Amount 122,~~008~~291,~~646,735~~556.6898 ~~Monthly~~Cap ~~P&I~~Agreement ~~Constant~~Payment ~~6,867,148.82~~(Class ~~Special~~A-2) ~~Servicing Fee~~ 0.00 ~~Prepayment~~Cap ~~Penalties~~Agreement ~~1,540,999.67~~Payment ~~Realized~~(Class ~~Loss~~B-1) ~~Amount~~ 0.00 ~~Cumulative~~Cap ~~Realized~~Agreement ~~Loss~~Payment (Class M-1) 0.00 ~~Scheduled~~Cap ~~Principal~~Agreement ~~669~~Payment (Class X) 500,~~215~~447.0602 ~~Unscheduled~~Misc ~~Principal~~Bond ~~33,875,665~~Adjustment 74.7578

~~Miscellaneous~~LOAN ~~Reporting~~STATUS ~~Credit~~STRATIFICATION/CREDIT ~~Enhancement~~ENHANCEMENT ~~Percentage~~STATEMENT ~~24.256615%~~DELINQUENT ~~Delinquency~~BANKRUPTCY ~~Trigger~~FORECLOSURE ~~Event~~REO NOTOTAL ~~Cumulative~~No ~~Loss~~of ~~Trigger~~Loans ~~Event~~No NOof ~~Trigger~~Loans ~~Event~~No NOof ~~Stepdown~~Loans NONo ~~Total~~of ~~Monthly~~Loans ~~Excess~~No ~~Spread~~of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 15 5 0 20 2,~~347~~495,~~801~~303.6492 ~~Specified~~813,962.08 ~~Subordinated~~0.00 ~~Amount 22~~3,~~291~~309,~~556~~266.00 30 Days 93 3 2 0 98 ~~Subordinated~~15,362,391.42 ~~Deficiency~~559,619.05 ~~Amount~~257,816.20 0.00 ~~Extra~~16,179,826.67 ~~Principal~~60 ~~Distribution~~Days ~~Amount~~64 4 4 0 72 12,557,883.59 336,522.96 641,161.21 0.00 ~~Subordinated~~13,535,567.76 ~~Increase~~90 ~~Amount~~Days 22 5 20 0 47 2,527,018.62 1,242,271.56 4,263,663.53 0.00 ~~Excess~~8,032,953.71 ~~Subordinated~~120 ~~Amount~~Days 9 6 31 0 46 1,359,721.88 655,720.72 6,239,212.70 0.00 ~~Subordinated~~8,254,655.30 ~~Reduction~~150 ~~Amount~~Days 20 5 51 0 76 1,707,548.00 ~~Subordinated~~780,798.86 ~~Amount~~9,949,271.56 0.00 12,437,618.42 180+ Days 3 0 3 0 6 730,604.44 0.00 221,561.81 0.00 952,166.25 Totals 211 38 116 0 365 34,245,167.95 6,070,237.07 22,~~291~~386,~~556~~649.9809 ~~Cap~~0.00 ~~Agreement~~62,702,054.11 ~~Payment~~No ~~(Class~~of ALoans 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 0.348837% 0.116279% 0.000000% 0.465116% 0.289622% 0.094474% 0.000000% 0.384096% 30 Days 2).162791% 0.00069767% ~~Cap~~0.046512% ~~Agreement~~0.000000% ~~Payment~~2.279070% ~~(Class~~1.783065% B-0.064953% 0.029924% 0.000000% 1).877942% 60 Days 1.488372% 0.00093023% ~~Cap~~0.093023% ~~Agreement~~0.000000% ~~Payment~~1.674419% ~~(Class~~1.457554% M-0.039059% 0.074418% 0.000000% 1).571031% 90 Days 0.00511628% ~~Cap~~0.116279% ~~Agreement~~0.465116% ~~Payment~~0.000000% ~~(Class~~1.093023% X)0.293303% 0.00144187% ~~Misc~~0.494870% ~~Bond~~0.000000% ~~Adjustment~~0.932360% 120 Days 0.00209302% 0.139535% 0.720930% 0.000000% 1.069767% 0.157819% 0.076107% 0.724166% 0.000000% 0.958092% 150 Days 0.465116% 0.116279% 1.186047% 0.000000% 1.767442% 0.198190% 0.090625% 1.154781% 0.000000% 1.443596% 180+ Days 0.069767% 0.000000% 0.069767% 0.000000% 0.139535% 0.084799% 0.000000% 0.025716% 0.000000% 0.110515% Totals 4.906977% 0.883721% 2.697674% 0.000000% 8.488372% 3.974730% 0.704553% 2.598349% 0.000000% 7.277632%

~~Group~~OTHER ~~Level~~INFORMATION ~~Collateral~~Current ~~Statement~~Period ~~Group~~Class ~~Group~~A 1Insufficient ~~Group~~Funds 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.054774 7.179821 8.585813 Weighted Average Net Rate 6.554774 6.679821 8.085813 Weighted Average Maturity 357 357 357 Beginning Loan Count 496 3,426 665 Loans Paid In Full 4 97 24 Ending Loan Count 492 3,329 641 Beginning Scheduled Balance 94,400,837.54 648,675,433.79 50,926,916.07 Ending Scheduled Balance 94,022,492.49 627,080,366.04 49,562,062.68 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 642,402.94 4,279,948.61 409,800.19 Scheduled Principal 87,422.43 398,804.12 45,426.03 Unscheduled Principal 290,922.62 21,196,263.63 1,319,427.36 Scheduled Interest 554,980.51 3,881,144.49 364,374.16 Servicing Fees 39,333.68 270,281.43 21,219.55 Master Servicing Fees 0.00 ~~0.00~~Principal ~~0.00~~Balance ~~Trustee~~of ~~Fee~~Contaminated ~~157.33~~Properties ~~1,081.13 84.88 FRY Amount~~ 0.00 ~~0.00~~Periodic ~~0.00~~Advance ~~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 515~~692,~~489~~401.50 3,609,781.93 343,069.73 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.552774 6.677821 8.08381399

~~Group~~SUBORDINATION ~~Level~~LEVEL/CREDIT ~~Collateral~~ENHANCEMENT/CLASS ~~Statement~~PERCENTAGE ~~Group~~AND ~~Group~~PREPAYMENT 4PERCENTAGE ~~Total~~Current ~~Collateral~~Original ~~Description~~$ ~~Fixed~~Original ~~15/30~~% &Current ~~ARM~~$ ~~Mixed~~Current ~~Fixed~~% &Class% ~~Arm~~Prepayment% ~~Weighted~~Class ~~Average~~M-1 ~~Coupon~~152,236,023.31 ~~Rate~~14.00009197% 6152,235,556.~~729532~~98 717.~~129582~~67781844% ~~Weighted Average Net Rate 6~~10.~~229532~~732876% 60.~~629582~~000000% ~~Weighted~~Class ~~Average~~M-2 ~~Maturity 357 357 Beginning Loan Count 522 5~~92,~~109 Loans Paid In Full 24 149 Ending Loan Count 498 4~~973,~~960~~023.31 ~~Beginning~~8.55008459% ~~Scheduled Balance 249~~92,~~188~~972,~~429~~556.0998 ~~1,043,191,616~~10.4979611107% ~~Ending~~6.881707% ~~scheduled~~0.000000% ~~Balance~~Class ~~237~~M-3 75,~~981~~574,~~814~~023.4731 16.95001915% 75,~~008~~573,~~646,735~~556.6898 ~~Record~~8.77571341% ~~Date~~2.020398% ~~07/29/2005~~0.000000% ~~07/29/2005~~Class ~~Principal~~B-1 ~~And~~59,263,023.31 ~~Interest~~5.45000952% ~~Constant 1~~59,~~534~~262,~~997~~556.0898 6~~,867,148~~.8288165593% ~~Scheduled Principal 137,562~~1.48894057% ~~669,215~~0.06000000% ~~Unscheduled~~Class ~~Principal~~B-2 1145,~~069~~671,~~052~~023.1431 334.20004748% 45,~~875~~670,~~665~~556.7598 ~~Scheduled~~5.30333275% ~~Interest~~ 1~~,397,434~~.60578323% ~~6,197,933~~0.76000000% ~~Servicing~~Class ~~Fees~~B-3 ~~103~~33,~~828~~710,023.5131 ~~434~~3.10007721% 33,~~663~~709,556.1798 ~~Master~~3.91440370% ~~Servicing Fees 0~~1.00388929% 0.00000000% ~~Trustee~~Class ~~Fee~~B-4 ~~415~~22,292,023.31 12.05004289% 22,~~738~~291,556.6598 ~~FRY~~2.58852863% ~~Amount 0~~1.00325875% 0.00000000% ~~Special~~Class ~~Hazard~~X ~~Fee~~ 0.0001 0.0000000000% ~~Other Fee~~ 0.0001 0.0000000000% ~~Pool Insurance Fee 0~~2.00588529% 0.00000000% ~~Spread~~Class 1P 0.00 0.0000000000% ~~Spread 2~~ 0.00 0.0000000000% ~~Spread 3~~ 0.00000000% 0.00000000% ~~Net~~Class ~~Interest~~LT-R ~~1,293,190.78 5,761,531.94 Realized Loss Amount~~ 0.00 0.0000000000% ~~Cumulative Realized Loss~~ 0.00 0.0000000000% ~~Percentage of Cumulative Losses~~ 0.~~0000~~000000% 0.~~0000~~000000% ~~Prepayment~~Please ~~Penalties~~Refer ~~0.00~~to ~~0.00~~the ~~Special~~Prospectus ~~Servicing~~Supplement ~~Fee~~for ~~0.00~~a ~~0.00~~Full ~~Pass-Through~~Description ~~Rate~~of ~~6.227532~~Loss 6Exposure.~~627582~~

~~Prepayment~~180+ ~~Detail~~Delinquency -Summary ~~Prepayments~~Summary ~~during~~Days ~~Current~~Number ~~Period~~of ~~Summary~~Aggregate Percentage of Delinquent Loans ~~Paid~~Outstanding InBalance(%) ~~Full~~Balance($) ~~Repurchased~~180 ~~Loans~~- ~~Original~~209 ~~Current~~6 ~~Original~~952,166.25 ~~Current~~0.111 ~~Principal~~Total ~~Principal~~6 ~~Principal~~952,166.25 ~~Principal~~0.111 ~~Group~~This ~~Count~~report ~~Balance~~includes ~~Balance~~all ~~Count~~loans ~~Balance~~greater ~~Balance~~than ~~Total~~180 ~~149~~days 34delinquent regardless of status (REO,~~260,334.00~~ 34Foreclosure,~~135,685.05~~ ~~0 0~~Bankruptcy).~~00 0.00~~

REO Detail - All Mortgage Loans in REO during Current Period

~~Prepayment~~Summary ~~Detail~~12 -Month ~~Prepayments~~REO ~~during~~History* ~~Current~~New ~~Period~~REO ~~(continued)~~Loans ~~Summary~~Month ~~Substitution~~REO Percentage Loans ~~Liquidated~~in ~~Loans~~REO ~~Curtailments~~0 ~~Original~~Jan-05 ~~Current~~0.000% Original ~~Current~~ Principal ~~Principal~~Balance ~~Principal~~0.00 ~~Principal~~Feb-05 ~~Curtailment~~0.000% ~~Group~~Current ~~Count~~Principal Balance ~~Balance~~0.00 ~~Count~~Mar-05 ~~Balance~~0.000% ~~Balance~~Apr-05 ~~Amount~~0.000% Current REO Total May-05 0.000% Loans in REO 0 Jun-05 0.00000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.00000% ~~(260,019~~Sep-05 0.~~30)~~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.

~~Prepayment~~REO Loan Detail - ~~Prepayments~~All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at ~~Payment~~ Principal ~~Prepayment~~ Group Number REO Date State Origination ~~Date~~ Balance ~~Amount~~No ~~Group~~REO 1loans ~~1000206916~~this ~~FL 70~~period.00 01-Jan-2005 199,500.00 198,096.80 Group 1 1000220569 CA 62.19 01-Mar-2005 199,000.00 198,252.26 Group 1 6000000503 FL 90.00 01-Mar-2005 131,310.00 130,803.74 Group 1 6000131583 FL 90.00 01-Mar-2005 57,600.00 57,428.34 Group 2 1000200120 MI 80.00 01-Dec-2004 156,800.00 155,729.94 Group 2 1000205869 IL 95.00 01-Jan-2005 305,805.00 304,202.13 Group 2 1000207536 MD 80.00 01-Jan-2005 233,600.00 230,675.39 Group 2 1000209825 AZ 80.00 01-Jan-2005 140,000.00 140,000.00 Group 2 1000212130 CA 90.00 01-Feb-2005 290,700.00 289,379.74 Group 2 1000212722 CA 82.68 01-Mar-2005 339,000.00 337,292.67 Group 2 1000215342 CA 90.00 01-Mar-2005 184,500.00 183,656.94 Group 2 1000215948 CA 99.57 01-Feb-2005 348,500.00 348,500.00 Group 2 1000216019 CA 67.34 01-Feb-2005 200,000.00 199,260.02 Group 2 1000216545 CA 89.86 01-Feb-2005 281,250.00 279,545.71 Group 2 1000216865 CA 74.83 01-Mar-2005 217,000.00 216,457.36 Group 2 1000217196 MA 80.00 01-Mar-2005 236,000.00 235,019.49 Group 2 1000217653 MA 80.00 01-Mar-2005 288,800.00 287,578.84 Group 2 1000217897 CA 80.00 01-Mar-2005 276,000.00 275,107.81 Group 2 1000218369 CA 63.83 01-Mar-2005 150,000.00 149,696.69 Group 2 1000218957 CA 80.00 01-Mar-2005 300,792.00 299,658.24 Group 2 1000219201 NC 90.00 01-Mar-2005 324,000.00 322,896.20 Group 2 1000219345 CA 78.14 01-Mar-2005 336,000.00 334,358.21 Group 2 1000219661 CA 79.29 01-Mar-2005 224,000.00 223,093.66 Group 2 1000219793 NV 80.00 01-Mar-2005 288,000.00 287,049.99 Group 2 1000220144 CA 80.00 01-Mar-2005 172,000.00 171,258.38 Group 2 1000220956 FL 80.00 01-Mar-2005 160,000.00 159,577.89 Group 2 1000221279 FL 32.98 01-Mar-2005 101,250.00 100,838.27 Group 2 1000221334 CA 80.00 01-Mar-2005 152,000.00 152,000.00 Group 2 1000221583 NV 90.00 01-Mar-2005 135,000.00 134,529.30 Group 2 1000221592 NV 85.00 01-Mar-2005 155,550.00 154,783.74 Group 2 1000221642 CA 80.00 01-Mar-2005 276,000.00 275,033.17 Group 2 1000222059 AZ 90.00 01-Mar-2005 171,000.00 170,240.97 Group 2 1000223078 CA 84.01 01-Mar-2005 310,000.00 310,000.00 Group 2 1000223337 CA 80.00 01-Mar-2005 296,000.00 295,067.13 Group 2 1000223918 CA 90.00 01-Mar-2005 180,000.00 179,385.78 Group 2 1000224170 NV 57.42 01-Mar-2005 205,000.00 203,995.97 Group 2 5000122782 MD 80.00 01-Jan-2005 244,000.00 242,770.87 Group 2 5000127800 NV 90.00 01-Feb-2005 220,500.00 220,500.00 Group 2 5000128226 GA 85.00 01-Mar-2005 212,713.00 211,952.55 Group 2 5000129879 IL 77.06 01-Feb-2005 188,795.00 187,916.01 Group 2 5000130619 IL 80.00 01-Mar-2005 89,600.00 89,259.94 Group 2 5000130754 NJ 90.00 01-Mar-2005 289,800.00 289,800.00 Group 2 5000130840 MD 80.00 01-Mar-2005 273,760.00 272,396.51 Group 2 5000131481 MN 80.00 01-Mar-2005 120,720.00 120,720.00 Group 2 5000131796 NY 80.00 01-Mar-2005 332,000.00 330,554.58 Group 2 5000132507 MN 80.00 01-Mar-2005 117,600.00 117,111.39 Group 2 5000132665 NV 80.00 01-Mar-2005 322,400.00 321,127.18 Group 2 5000132994 FL 90.00 01-Mar-2005 296,910.00 295,898.46 Group 2 5000133417 AZ 80.00 01-Mar-2005 133,200.00 132,631.24 Group 2 5000133736 MN 90.00 01-Mar-2005 137,700.00 137,652.70 Group 2 5000134503 IL 80.00 01-Mar-2005 75,200.00 74,914.61 Group 2 5000134794 IL 80.52 01-Mar-2005 310,000.00 308,788.16 Group 2 6000122691 GA 100.00 01-Dec-2004 70,000.00 69,679.44 Group 2 6000130053 FL 75.00 01-Mar-2005 79,500.00 79,258.44 Group 2 6000130277 VA 80.00 01-Mar-2005 82,400.00 82,159.44 Group 2 6000131824 MD 70.00 01-Mar-2005 252,000.00 251,389.81 Group 2 6000131889 NJ 70.00 01-Mar-2005 217,700.00 217,225.68 Group 2 6000133692 IL 90.00 01-Mar-2005 189,000.00 188,177.12 Group 2 6000134226 FL 90.00 01-Mar-2005 139,410.00 138,820.50 Group 2 6000134690 FL 80.00 01-Mar-2005 184,000.00 183,167.27 Group 2 6000134854 FL 90.00 01-Mar-2005 343,968.00 342,596.57 Group 2 6000135162 VA 80.00 01-Mar-2005 240,000.00 239,155.30 Group 2 6000135239 NJ 85.00 01-Mar-2005 340,000.00 338,590.07 Group 2 6000135738 GA 90.00 01-Mar-2005 117,000.00 116,577.51 Group 2 6000136009 FL 90.00 01-Mar-2005 159,610.00 158,844.82 Group 2 6000136423 FL 70.00 01-Mar-2005 185,500.00 184,964.06 Group 2 6000137110 FL 80.00 01-Mar-2005 272,000.00 270,863.98 Group 2 7000101997 CA 80.00 01-Jul-2004 272,000.00 267,910.85 Group 2 7000123074 CA 78.53 01-Jan-2005 267,000.00 265,584.23 Group 2 7000124632 CA 76.06 01-Jan-2005 270,000.00 268,178.41 Group 2 7000126908 WI 70.00 01-Mar-2005 119,000.00 118,812.39 Group 2 7000129837 MD 80.00 01-Mar-2005 123,200.00 122,691.50 Group 2 7000129876 NJ 85.00 01-Mar-2005 314,500.00 313,130.75 Group 2 7000130932 ID 80.00 01-Mar-2005 216,800.00 215,909.76 Group 2 7000131078 VA 75.00 01-Mar-2005 146,250.00 145,892.13 Group 2 7000131549 CA 60.00 01-Mar-2005 90,000.00 89,813.96 Group 2 7000131683 CA 100.00 01-Mar-2005 457,000.00 455,445.52 Group 2 7000131704 CT 80.00 01-Mar-2005 232,000.00 231,356.78 Group 2 7000131730 CA 51.02 01-Mar-2005 125,000.00 124,496.69 Group 2 7000132573 CA 80.00 01-Mar-2005 288,000.00 287,141.92 Group 2 7000132632 HI 90.00 01-Mar-2005 238,500.00 237,410.19 Group 2 7000133470 CA 36.04 01-Mar-2005 200,000.00 199,371.91 Group 2 8000027721 NJ 88.36 01-Jan-2005 243,000.00 243,000.00 Group 2 8000028659 CT 91.18 01-Jan-2005 155,000.00 154,077.06 Group 2 8000029863 MD 70.00 01-Mar-2005 147,000.00 146,702.74 Group 2 8000030022 NJ 90.00 01-Mar-2005 121,500.00 120,040.74 Group 2 8000031312 NJ 89.77 01-Mar-2005 272,000.00 270,883.11 Group 2 8000032042 NY 80.00 01-Mar-2005 453,600.00 451,319.45 Group 2 8000032387 WI 75.00 01-Mar-2005 153,000.00 152,605.54 Group 2 8000032622 NJ 80.00 01-Mar-2005 255,920.00 255,919.96 Group 2 8000032863 NJ 70.00 01-Mar-2005 238,000.00 237,513.56 Group 2 8000033012 RI 80.00 01-Mar-2005 160,000.00 159,433.68 Group 2 8000033262 MA 90.00 01-Mar-2005 207,000.00 207,000.00 Group 2 8000033920 NJ 89.58 01-Mar-2005 215,000.00 215,000.00 Group 2 8000034288 NY 72.73 01-Mar-2005 160,000.00 159,330.02 Group 2 8000034361 NJ 73.33 01-Mar-2005 330,000.00 328,894.86 Group 2 8000034398 NJ 74.36 01-Mar-2005 262,500.00 261,909.59 Group 2 8000034757 NJ 80.00 01-Mar-2005 193,600.00 192,789.30 Group 2 8000035080 NJ 48.39 01-Mar-2005 120,000.00 119,502.86 Group 2 8000035328 NJ 80.00 01-Mar-2005 164,000.00 163,521.28 Group 2 8000035375 NJ 80.00 01-Mar-2005 372,000.00 371,999.91 Group 3 1000199702 CA 20.00 01-Dec-2004 118,000.00 117,681.13 Group 3 1000201105 GA 20.00 01-Dec-2004 43,700.00 43,570.96 Group 3 1000201184 VA 10.00 01-Dec-2004 26,500.00 26,354.05 Group 3 1000202362 CA 20.00 01-Dec-2004 104,500.00 104,232.49 Group 3 1000204159 CA 15.00 01-Dec-2004 62,250.00 62,050.29 Group 3 1000213606 NV 20.00 01-Mar-2005 93,800.00 93,495.21 Group 3 1000214360 CA 19.99 01-Feb-2005 63,800.00 63,659.99 Group 3 1000219698 CA 20.00 01-Mar-2005 75,198.00 75,094.68 Group 3 1000221399 CA 20.00 01-Mar-2005 100,000.00 99,813.39 Group 3 1000222199 AZ 5.00 01-Mar-2005 9,500.00 9,295.27 Group 3 1000222801 UT 20.00 01-Mar-2005 22,780.00 22,645.96 Group 3 5000128513 GA 5.00 01-Mar-2005 12,513.00 12,227.34 Group 3 5000131584 MN 20.00 01-Mar-2005 30,180.00 30,125.15 Group 3 5000131836 NY 20.00 01-Mar-2005 83,000.00 82,853.30 Group 3 5000132320 TX 5.00 01-Mar-2005 8,891.00 8,682.19 Group 3 6000119773 GA 10.00 01-Dec-2004 18,400.00 18,037.42 Group 3 6000135187 FL 5.00 01-Mar-2005 19,109.00 18,886.76 Group 3 6000137273 FL 20.00 01-Mar-2005 68,000.00 67,770.05 Group 3 7000118320 CA 20.00 01-Dec-2004 79,800.00 79,459.93 Group 3 7000131330 IL 5.00 01-Mar-2005 6,400.00 6,253.94 Group 3 7000132026 CA 10.00 01-Mar-2005 92,000.00 91,735.07 Group 3 8000032161 NY 20.00 01-Mar-2005 113,400.00 113,101.42 Group 3 8000033129 RI 20.00 01-Mar-2005 40,000.00 39,820.22 Group 3 8000033925 NJ 10.42 01-Mar-2005 25,000.00 24,955.79 Group 4 1000207290 CA 90.00 01-Jan-2005 810,000.00 805,270.15 Group 4 1000211410 CA 80.00 01-Feb-2005 516,000.00 512,819.66 Group 4 1000212578 CA 95.00 01-Feb-2005 422,750.00 422,737.32 Group 4 1000213074 ID 80.00 01-Feb-2005 414,400.00 412,544.12 Group 4 1000214480 CA 80.00 01-Feb-2005 360,000.00 360,000.00 Group 4 1000214987 CA 70.00 01-Feb-2005 490,000.00 487,331.70 Group 4 1000217435 CA 80.00 01-Feb-2005 400,000.00 398,359.22 Group 4 1000218950 CA 75.00 01-Mar-2005 487,500.00 485,072.21 Group 4 1000219530 CA 88.24 01-Mar-2005 375,000.00 373,398.80 Group 4 1000220820 CA 90.00 01-Mar-2005 468,000.00 466,030.43 Group 4 1000221111 CA 80.00 01-Mar-2005 400,000.00 398,275.35 Group 4 1000221269 CA 79.97 01-Mar-2005 539,000.00 536,721.47 Group 4 1000222102 CA 80.00 01-Mar-2005 368,000.00 366,746.30 Group 4 1000222665 CA 80.00 01-Mar-2005 485,600.00 485,600.00 Group 4 1000223128 CA 80.00 01-Mar-2005 432,000.00 430,205.15 Group 4 1000223154 CA 80.00 01-Mar-2005 472,000.00 470,354.39 Group 4 5000125207 IL 65.00 01-Mar-2005 390,000.00 388,671.33 Group 4 5000130719 IA 80.00 01-Mar-2005 428,000.00 426,810.93 Group 4 6000132099 FL 90.00 01-Mar-2005 423,000.00 421,246.01 Group 4 7000125528 CA 80.00 01-Jan-2005 388,800.00 388,800.00 Group 4 7000129358 CA 80.00 01-Feb-2005 360,000.00 359,598.39 Group 4 7000132545 CA 90.00 01-Mar-2005 468,000.00 466,040.34 Group 4 8000030944 FL 65.00 01-Feb-2005 520,000.00 520,000.00 Group 4 8000033946 CT 85.00 01-Mar-2005 684,250.00 680,744.15

~~Prepayment~~REO Loan Detail - ~~Prepayments~~All Mortgage Loans in REO during Current Period (continued) Current ~~Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 1000206916 Loan~~ Paid inCurrent ~~Full~~Approximate ~~0 7.750% 360 7 Group 1 1000220569~~ Loan ~~Paid~~Principal inTo ~~Full~~Months ~~0 7.500% 360 5 Group 1 6000000503~~ Loan ~~Paid~~Delinquent ~~in Full 0 8.450% 360 5~~ Group 1Number ~~6000131583~~Balance ~~Loan~~Date ~~Paid~~Delinquent inRate ~~Full~~Interest ~~(1)~~No ~~8.650%~~REO ~~360~~loans 5this ~~Group 2 1000200120 Loan Paid in Full 0 6~~period.900% 360 8 Group 2 1000205869 Loan Paid in Full 0 7.550% 360 7 Group 2 1000207536 Loan Paid in Full 0 8.650% 360 7 Group 2 1000209825 Loan Paid in Full 0 6.400% 360 7 Group 2 1000212130 Loan Paid in Full (1) 7.990% 360 6 Group 2 1000212722 Loan Paid in Full 0 6.000% 360 5 Group 2 1000215342 Loan Paid in Full 0 6.500% 360 5 Group 2 1000215948 Loan Paid in Full 0 6.100% 360 6 Group 2 1000216019 Loan Paid in Full 0 8.500% 360 6 Group 2 1000216545 Loan Paid in Full (1) 5.990% 360 6 Group 2 1000216865 Loan Paid in Full (1) 9.500% 360 5 Group 2 1000217196 Loan Paid in Full 0 6.990% 360 5 Group 2 1000217653 Loan Paid in Full 0 6.900% 360 5 Group 2 1000217897 Loan Paid in Full (1) 8.250% 360 5 Group 2 1000218369 Loan Paid in Full 0 10.500% 360 5 Group 2 1000218957 Loan Paid in Full 0 7.700% 360 5 Group 2 1000219201 Loan Paid in Full 0 7.990% 360 5 Group 2 1000219345 Loan Paid in Full 0 6.150% 360 5 Group 2 1000219661 Loan Paid in Full 0 7.125% 360 5 Group 2 1000219793 Loan Paid in Full (1) 8.150% 360 5 Group 2 1000220144 Loan Paid in Full 0 6.800% 360 5 Group 2 1000220956 Loan Paid in Full 0 9.240% 360 5 Group 2 1000221279 Loan Paid in Full (1) 7.100% 360 5 Group 2 1000221334 Loan Paid in Full 0 5.750% 360 5 Group 2 1000221583 Loan Paid in Full 0 7.875% 360 5 Group 2 1000221592 Loan Paid in Full (1) 7.600% 360 5 Group 2 1000221642 Loan Paid in Full 0 7.950% 360 5 Group 2 1000222059 Loan Paid in Full 0 6.650% 360 5 Group 2 1000223078 Loan Paid in Full (1) 5.500% 360 5 Group 2 1000223337 Loan Paid in Full 0 8.375% 360 5 Group 2 1000223918 Loan Paid in Full 0 7.990% 360 5 Group 2 1000224170 Loan Paid in Full (1) 6.150% 360 5 Group 2 5000122782 Loan Paid in Full 0 7.750% 360 7 Group 2 5000127800 Loan Paid in Full (1) 6.990% 360 6 Group 2 5000128226 Loan Paid in Full 0 7.750% 360 5 Group 2 5000129879 Loan Paid in Full 0 7.280% 360 6 Group 2 5000130619 Loan Paid in Full (1) 7.450% 360 5 Group 2 5000130754 Loan Paid in Full 0 7.800% 360 5 Group 2 5000130840 Loan Paid in Full (1) 6.050% 360 5 Group 2 5000131481 Loan Paid in Full 0 7.250% 360 5 Group 2 5000131796 Loan Paid in Full 0 6.750% 360 5 Group 2 5000132507 Loan Paid in Full 0 6.990% 360 5 Group 2 5000132665 Loan Paid in Full 0 7.250% 360 5 Group 2 5000132994 Loan Paid in Full 0 7.990% 360 5 Group 2 5000133417 Loan Paid in Full 0 6.850% 360 5 Group 2 5000133736 Loan Paid in Full 0 7.700% 360 5 Group 2 5000134503 Loan Paid in Full (1) 7.450% 360 5 Group 2 5000134794 Loan Paid in Full (1) 7.300% 360 5 Group 2 6000122691 Loan Paid in Full 0 8.900% 360 8 Group 2 6000130053 Loan Paid in Full 0 10.450% 360 5 Group 2 6000130277 Loan Paid in Full 0 8.750% 360 5 Group 2 6000131824 Loan Paid in Full 0 9.650% 360 5 Group 2 6000131889 Loan Paid in Full 0 10.150% 360 5 Group 2 6000133692 Loan Paid in Full 0 6.750% 360 5 Group 2 6000134226 Loan Paid in Full 0 6.900% 360 5 Group 2 6000134690 Loan Paid in Full 0 6.550% 360 5 Group 2 6000134854 Loan Paid in Full 0 7.200% 360 5 Group 2 6000135162 Loan Paid in Full 0 7.900% 360 5 Group 2 6000135239 Loan Paid in Full 0 7.000% 360 5 Group 2 6000135738 Loan Paid in Full 0 7.700% 360 5 Group 2 6000136009 Loan Paid in Full 0 6.250% 360 5 Group 2 6000136423 Loan Paid in Full (1) 8.800% 360 5 Group 2 6000137110 Loan Paid in Full 0 7.450% 360 5 Group 2 7000101997 Loan Paid in Full (1) 5.350% 360 13 Group 2 7000123074 Loan Paid in Full (1) 7.500% 360 7 Group 2 7000124632 Loan Paid in Full 0 6.250% 360 7 Group 2 7000126908 Loan Paid in Full 0 11.650% 360 5 Group 2 7000129837 Loan Paid in Full 0 7.050% 360 5 Group 2 7000129876 Loan Paid in Full 0 6.750% 360 5 Group 2 7000130932 Loan Paid in Full 0 7.050% 360 5 Group 2 7000131078 Loan Paid in Full 0 9.600% 360 5 Group 2 7000131549 Loan Paid in Full 0 10.500% 360 5 Group 2 7000131683 Loan Paid in Full 0 8.750% 360 5 Group 2 7000131704 Loan Paid in Full 0 9.000% 360 5 Group 2 7000131730 Loan Paid in Full (1) 7.150% 360 5 Group 2 7000132573 Loan Paid in Full (1) 8.650% 360 5 Group 2 7000132632 Loan Paid in Full (1) 6.500% 360 5 Group 2 7000133470 Loan Paid in Full (1) 8.400% 360 5 Group 2 8000027721 Loan Paid in Full 0 5.950% 360 7 Group 2 8000028659 Loan Paid in Full (1) 6.900% 360 7 Group 2 8000029863 Loan Paid in Full 0 10.500% 360 5 Group 2 8000030022 Loan Paid in Full 0 8.800% 360 5 Group 2 8000031312 Loan Paid in Full 0 7.050% 360 5 Group 2 8000032042 Loan Paid in Full 0 6.000% 360 5 Group 2 8000032387 Loan Paid in Full (1) 9.350% 360 5 Group 2 8000032622 Loan Paid in Full 0 6.300% 360 5 Group 2 8000032863 Loan Paid in Full 0 10.450% 360 5 Group 2 8000033012 Loan Paid in Full 0 7.800% 360 5 Group 2 8000033262 Loan Paid in Full (1) 6.450% 360 5 Group 2 8000033920 Loan Paid in Full 0 7.000% 360 5 Group 2 8000034288 Loan Paid in Full 0 6.950% 360 5 Group 2 8000034361 Loan Paid in Full 0 8.075% 360 5 Group 2 8000034398 Loan Paid in Full (1) 10.000% 360 5 Group 2 8000034757 Loan Paid in Full 0 6.950% 360 5 Group 2 8000035080 Loan Paid in Full (2) 9.000% 360 5 Group 2 8000035328 Loan Paid in Full 0 8.750% 360 5 Group 2 8000035375 Loan Paid in Full 0 5.900% 360 5 Group 3 1000199702 Loan Paid in Full 0 11.400% 360 8 Group 3 1000201105 Loan Paid in Full 0 10.990% 360 8 Group 3 1000201184 Loan Paid in Full (1) 7.990% 360 8 Group 3 1000202362 Loan Paid in Full 0 11.650% 360 8 Group 3 1000204159 Loan Paid in Full (1) 10.600% 360 8 Group 3 1000213606 Loan Paid in Full 0 8.225% 360 5 Group 3 1000214360 Loan Paid in Full 0 10.990% 360 6 Group 3 1000219698 Loan Paid in Full 0 12.275% 360 5 Group 3 1000221399 Loan Paid in Full 0 10.875% 360 5 Group 3 1000222199 Loan Paid in Full 0 12.500% 120 5 Group 3 1000222801 Loan Paid in Full (1) 11.000% 240 5 Group 3 5000128513 Loan Paid in Full 0 11.490% 120 5 Group 3 5000131584 Loan Paid in Full 0 11.000% 360 5 Group 3 5000131836 Loan Paid in Full 0 11.125% 360 5 Group 3 5000132320 Loan Paid in Full 0 10.990% 120 5 Group 3 6000119773 Loan Paid in Full 0 10.125% 180 8 Group 3 6000135187 Loan Paid in Full 0 11.900% 180 5 Group 3 6000137273 Loan Paid in Full 0 11.175% 360 5 Group 3 7000118320 Loan Paid in Full 0 9.250% 360 8 Group 3 7000131330 Loan Paid in Full 0 11.500% 120 5 Group 3 7000132026 Loan Paid in Full 0 8.999% 360 5 Group 3 8000032161 Loan Paid in Full 0 9.350% 360 5 Group 3 8000033129 Loan Paid in Full 0 13.025% 240 5 Group 3 8000033925 Loan Paid in Full 0 11.125% 360 5 Group 4 1000207290 Loan Paid in Full 0 7.000% 360 7 Group 4 1000211410 Loan Paid in Full 0 5.900% 360 6 Group 4 1000212578 Loan Paid in Full 0 6.500% 360 6 Group 4 1000213074 Loan Paid in Full (1) 7.550% 360 6 Group 4 1000214480 Loan Paid in Full (1) 6.700% 360 6 Group 4 1000214987 Loan Paid in Full 0 6.550% 360 6 Group 4 1000217435 Loan Paid in Full 0 7.990% 360 6 Group 4 1000218950 Loan Paid in Full 0 6.050% 360 5 Group 4 1000219530 Loan Paid in Full 0 6.850% 360 5 Group 4 1000220820 Loan Paid in Full 0 6.990% 360 5 Group 4 1000221111 Loan Paid in Full 0 6.800% 360 5 Group 4 1000221269 Loan Paid in Full 0 6.900% 360 5 Group 4 1000222102 Loan Paid in Full 0 7.990% 360 5 Group 4 1000222665 Loan Paid in Full 0 6.250% 360 5 Group 4 1000223128 Loan Paid in Full (1) 6.990% 360 5 Group 4 1000223154 Loan Paid in Full 0 7.875% 360 5 Group 4 5000125207 Loan Paid in Full 0 7.990% 360 5 Group 4 5000130719 Loan Paid in Full 0 8.990% 360 5 Group 4 6000132099 Loan Paid in Full (1) 7.000% 360 5 Group 4 7000125528 Loan Paid in Full (1) 6.200% 360 7 Group 4 7000129358 Loan Paid in Full 0 5.500% 360 6 Group 4 7000132545 Loan Paid in Full 0 6.950% 360 5 Group 4 8000030944 Loan Paid in Full (1) 6.750% 360 6 Group 4 8000033946 Loan Paid in Full (1) 5.900% 360 5

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary ~~SMM~~12 ~~CPR PSA Current~~ Month ~~3.249%~~Foreclosure ~~Current~~History* ~~Month~~New ~~32.726%~~Foreclosure ~~Current~~Loans Month ~~3,087.173%~~Foreclosure 3Percentage ~~Month~~Loans ~~Average~~in ~~2.406%~~Foreclosure 395 ~~Month~~Jan-05 ~~Average 24~~0.~~743~~000% 3Original ~~Month~~Principal ~~Average~~Balance 219,~~755~~457,063.~~299%~~00 12Feb-05 ~~Month Average~~ 0.000% 12Current ~~Month~~Principal ~~Average~~Balance 19,401,415.34 Mar-05 0.000% 12Apr-05 ~~Month Average~~ 0.000% ~~CPR:~~ Current vsForeclosure ~~12mo~~Total Average*May-05 ~~PSA:~~0.000% ~~Current~~Loans vsin ~~12mo~~Foreclosure Average*116 ~~Month~~Jun-05 ~~Current 12mo Avg~~0.000% ~~Month~~Original ~~Current~~Principal ~~12mo~~Balance ~~Avg~~22,448,923.00 ~~Sep~~Jul-~~2004~~05 ~~N/A~~0.000% ~~N/A~~Current ~~Sep-2004~~Principal ~~N/A~~Balance N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 1022,386,649.~~349%~~09 ~~N/A Jun~~Aug-~~2005~~05 ~~1,560~~0.~~839~~000% ~~N/A Jul~~Sep-~~2005~~05 310.~~155~~000% ~~N/A Jul~~Oct-~~2005~~05 ~~3,617~~0.~~885~~005% ~~N/A Aug~~Nov-~~2005~~05 320.~~726~~333% ~~N/A Aug~~Dec-~~2005~~05 ~~3,087~~2.~~173~~598% ~~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~~Foreclosure ~~Loss~~Loan Detail ~~Report~~ - All Mortgage Loans ~~with~~in ~~Losses~~Foreclosure during Current Period ~~Summary~~Month #Loan ~~Loans~~First ~~Prior~~Original ~~Realized~~Loan ~~Current~~Entered ~~with~~Payment ~~Principal~~LTV ~~Loss/(Gain)~~at ~~Loss~~Principal Group ~~Losses~~Number FC Date State Origination Balance ~~Amount~~Group ~~Percentage~~1 ~~Total~~5000130434 0Dec-2005 001-Mar-2005 IL 80.00 0223,200.00 0Group 2 1000213360 Dec-2005 01-Feb-2005 IL 90.00 279,000%.00 Group 2 1000214063 Dec-2005 01-Mar-2005 GA 90.00 256,500.00 Group 2 1000217614 Dec-2005 01-Mar-2005 MD 75.00 116,625.00 Group 2 1000218474 Dec-2005 01-Mar-2005 MI 90.00 54,900.00 Group 2 1000218637 Dec-2005 01-Mar-2005 CA 80.00 340,000.00 Group 2 1000218686 Dec-2005 01-Mar-2005 AZ 90.00 162,000.00 Group 2 1000219155 Dec-2005 01-Mar-2005 OH 85.00 61,200.00 Group 2 1000219375 Dec-2005 01-Mar-2005 CA 80.00 266,960.00 Group 2 1000219898 Dec-2005 01-Mar-2005 CA 59.35 273,000.00 Group 2 1000221634 Dec-2005 01-Mar-2005 CA 80.00 236,800.00 Group 2 1000223576 Dec-2005 01-Mar-2005 MD 69.53 128,000.00 Group 2 5000127409 Dec-2005 01-Mar-2005 MI 92.94 126,400.00 Group 2 5000128404 Dec-2005 01-Mar-2005 MN 80.00 171,200.00 Group 2 5000128509 Nov-2005 01-Mar-2005 TX 90.00 135,450.00 Group 2 5000128697 Dec-2005 01-Mar-2005 MD 54.39 155,000.00 Group 2 5000129084 Dec-2005 01-Feb-2005 IL 85.00 61,200.00 Group 2 5000129093 Dec-2005 01-Mar-2005 IL 73.74 264,000.00 Group 2 5000129662 Dec-2005 01-Mar-2005 IL 90.00 189,000.00 Group 2 5000129848 Dec-2005 01-Mar-2005 MA 80.00 256,000.00 Group 2 5000130454 Dec-2005 01-Mar-2005 MI 80.00 52,000.00 Group 2 5000130786 Nov-2005 01-Mar-2005 MO 90.00 63,000.00 Group 2 5000130895 Dec-2005 01-Mar-2005 CO 90.00 90,000.00 Group 2 5000130924 Dec-2005 01-Mar-2005 OH 100.00 64,500.00 Group 2 5000130967 Dec-2005 01-Mar-2005 NC 70.00 54,600.00 Group 2 5000130995 Dec-2005 01-Mar-2005 GA 90.00 130,500.00 Group 2 5000131083 Nov-2005 01-Mar-2005 WI 80.00 50,000.00 Group 2 5000131111 Dec-2005 01-Mar-2005 TN 90.00 128,700.00 Group 2 5000131171 Dec-2005 01-Mar-2005 MI 85.00 59,500.00 Group 2 5000131242 Nov-2005 01-Mar-2005 MO 90.00 112,950.00 Group 2 5000131246 Dec-2005 01-Mar-2005 NY 80.00 424,000.00 Group 2 5000131255 Dec-2005 01-Mar-2005 MI 90.00 238,500.00 Group 2 5000131697 Dec-2005 01-Mar-2005 IL 90.00 121,500.00 Group 2 5000131766 Dec-2005 01-Mar-2005 TX 80.00 104,000.00 Group 2 5000131769 Nov-2005 01-Mar-2005 MI 80.00 94,400.00 Group 2 5000131921 Dec-2005 01-Mar-2005 TX 90.00 92,250.00 Group 2 5000132065 Nov-2005 01-Mar-2005 OH 78.67 82,600.00 Group 2 5000132288 Dec-2005 01-Mar-2005 MO 80.00 136,000.00 Group 2 5000132423 Nov-2005 01-Mar-2005 MN 85.00 174,250.00 Group 2 5000132858 Dec-2005 01-Mar-2005 OH 65.00 68,250.00 Group 2 5000132884 Dec-2005 01-Mar-2005 TX 80.00 152,000.00 Group 2 5000132936 Dec-2005 01-Mar-2005 MI 90.00 81,000.00 Group 2 5000133024 Nov-2005 01-Mar-2005 IN 90.00 54,000.00 Group 2 5000133056 Dec-2005 01-Mar-2005 IL 80.00 148,000.00 Group 2 5000133159 Dec-2005 01-Mar-2005 IN 90.00 83,250.00 Group 2 5000133608 Dec-2005 01-Mar-2005 IN 90.00 114,592.00 Group 2 5000133635 Dec-2005 01-Mar-2005 MN 80.00 160,000.00 Group 2 5000133690 Dec-2005 01-Mar-2005 TX 90.00 90,900.00 Group 2 5000133719 Nov-2005 01-Mar-2005 MI 100.00 60,000.00 Group 2 5000133987 Dec-2005 01-Mar-2005 TX 90.00 103,500.00 Group 2 6000128212 Dec-2005 01-Mar-2005 MD 85.00 53,550.00 Group 2 6000130527 Dec-2005 01-Feb-2005 GA 85.00 314,415.00 Group 2 6000131045 Nov-2005 01-Feb-2005 FL 80.00 314,400.00 Group 2 6000133339 Dec-2005 01-Mar-2005 MN 90.00 116,100.00 Group 2 6000133767 Dec-2005 01-Mar-2005 GA 90.00 115,200.00 Group 2 6000133803 Nov-2005 01-Mar-2005 FL 90.00 81,000.00 Group 2 6000134064 Dec-2005 01-Mar-2005 GA 85.00 118,150.00 Group 2 6000134411 Dec-2005 01-Mar-2005 GA 90.00 126,000.00 Group 2 6000134417 Dec-2005 01-Mar-2005 GA 90.00 105,300.00 Group 2 6000134711 Dec-2005 01-Mar-2005 GA 80.00 138,800.00 Group 2 6000134787 Dec-2005 01-Mar-2005 NJ 80.00 320,000.00 Group 2 6000134907 Dec-2005 01-Mar-2005 NC 85.00 51,000.00 Group 2 6000135442 Dec-2005 01-Mar-2005 RI 75.00 270,000.00 Group 2 6000135744 Nov-2005 01-Mar-2005 GA 90.00 126,810.00 Group 2 6000135834 Nov-2005 01-Mar-2005 FL 35.29 150,000.00 Group 2 6000135942 Dec-2005 01-Mar-2005 NC 90.00 81,000.00 Group 2 6000135986 Dec-2005 01-Mar-2005 CO 90.00 143,100.00 Group 2 6000136131 Dec-2005 01-Mar-2005 GA 80.00 136,000.00 Group 2 6000136222 Dec-2005 01-Mar-2005 TN 90.00 104,850.00 Group 2 6000136559 Dec-2005 01-Mar-2005 GA 80.00 327,200.00 Group 2 7000128710 Dec-2005 01-Mar-2005 NY 70.00 332,500.00 Group 2 7000128853 Nov-2005 01-Mar-2005 OK 90.00 56,250.00 Group 2 7000130346 Dec-2005 01-Mar-2005 VA 85.00 165,750.00 Group 2 7000130450 Dec-2005 01-Mar-2005 MA 80.00 248,000.00 Group 2 7000130784 Dec-2005 01-Mar-2005 CA 62.86 220,000.00 Group 2 7000131164 Dec-2005 01-Mar-2005 MN 90.00 256,896.00 Group 2 7000131813 Nov-2005 01-Mar-2005 FL 80.00 207,920.00 Group 2 7000132075 Nov-2005 01-Mar-2005 OH 90.00 68,400.00 Group 2 7000132106 Dec-2005 01-Mar-2005 WA 80.00 226,760.00 Group 2 7000132664 Dec-2005 01-Mar-2005 NV 18.12 50,000.00 Group 2 7000133323 Nov-2005 01-Mar-2005 OK 90.00 56,430.00 Group 2 8000023032 Dec-2005 01-Jan-2005 NJ 95.00 137,750.00 Group 2 8000029773 Dec-2005 01-Mar-2005 NJ 80.00 260,000.00 Group 2 8000030453 Dec-2005 01-Mar-2005 WV 80.00 145,600.00 Group 2 8000033096 Dec-2005 01-Mar-2005 MA 80.00 116,000.00 Group 2 8000033957 Dec-2005 01-Mar-2005 NJ 62.45 143,000.00 Group 2 8000034718 Dec-2005 01-Mar-2005 CA 90.00 270,000.00 Group 2 8000034746 Dec-2005 01-Mar-2005 NJ 55.02 126,000.00 Group 3 1000199408 Oct-2005 01-Dec-2004 NV 20.00 46,000.00 Group 3 1000215673 Dec-2005 01-Feb-2005 CA 5.00 28,500.00 Group 3 1000218938 Dec-2005 01-Mar-2005 MI 78.18 430,000.00 Group 3 1000219394 Dec-2005 01-Mar-2005 CA 20.00 66,740.00 Group 3 1000223004 Dec-2005 01-Mar-2005 NY 5.00 20,750.00 Group 3 5000117103 Dec-2005 01-Nov-2004 MD 20.00 84,000.00 Group 3 5000131283 Dec-2005 01-Mar-2005 NY 20.00 106,000.00 Group 3 5000131400 Dec-2005 01-Mar-2005 MO 5.00 6,275.00 Group 3 5000132362 Nov-2005 01-Mar-2005 MO 20.00 34,000.00 Group 3 6000135839 Dec-2005 01-Mar-2005 GA 10.00 14,090.00 Group 3 7000131079 Dec-2005 01-Mar-2005 FL 20.00 118,000.00 Group 3 7000133111 Dec-2005 01-Mar-2005 CA 20.00 94,000.00 Group 4 1000215605 Dec-2005 01-Feb-2005 CA 90.00 513,000.00 Group 4 1000217511 Dec-2005 01-Feb-2005 CA 80.00 424,000.00 Group 4 1000219517 Dec-2005 01-Mar-2005 CA 80.00 486,400.00 Group 4 1000220001 Dec-2005 01-Mar-2005 IL 80.00 535,600.00 Group 4 1000220571 Dec-2005 01-Mar-2005 NV 80.00 552,000.00 Group 4 1000222401 Dec-2005 01-Mar-2005 CA 80.00 400,000.00 Group 4 1000222783 Dec-2005 01-Mar-2005 NY 90.00 373,500.00 Group 4 1000223498 Dec-2005 01-Mar-2005 MD 84.14 748,000.00 Group 4 5000109035 Dec-2005 01-Oct-2004 CO 90.00 675,000.00 Group 4 5000132905 Dec-2005 01-Mar-2005 IL 95.00 444,600.00 Group 4 6000136585 Dec-2005 01-Mar-2005 CO 80.00 484,000.00 Group 4 7000127427 Dec-2005 01-Feb-2005 CA 80.00 499,160.00 Group 4 7000129836 Nov-2005 01-Feb-2005 CA 80.00 552,000.00 Group 4 7000131067 Nov-2005 01-Mar-2005 FL 80.00 472,000.00 Group 4 7000133088 Dec-2005 01-Mar-2005 CA 80.00 376,000.00 Group 4 8000033393 Dec-2005 01-Mar-2005 NY 80.00 440,000.00

~~Realized~~Foreclosure ~~Loss~~ Loan Detail ~~Report~~ - All Mortgage Loans ~~With~~in ~~Losses~~Foreclosure during Current Period ~~Original~~(continued) Current Paid Current Approximate Loan Principal ~~Note~~To ~~LTV~~Months atLoan ~~Original~~Delinquent Group Number Balance Date Delinquent Rate ~~State~~Interest ~~Origination~~Group ~~Term~~1 No5000130434 ~~losses~~222,726.87 ~~this~~01-Jun-2005 ~~period~~4 9.200% 9,675.38 Group 2 1000213360 277,051.27 01-Oct-2005 0 7.400% 3,184.80 Group 2 1000214063 256,005.93 01-May-2005 5 8.250% 11,550.68 Group 2 1000217614 116,412.27 01-May-2005 5 8.500% 5,422.36 Group 2 1000218474 54,806.49 01-May-2005 5 8.850% 2,664.83 Group 2 1000218637 338,109.41 01-Jul-2005 3 6.250% 8,084.53 Group 2 1000218686 161,687.93 01-May-2005 5 8.250% 7,295.16 Group 2 1000219155 61,078.12 01-Jun-2005 4 9.500% 2,744.99 Group 2 1000219375 265,906.06 01-Jul-2005 3 7.250% 7,466.48 Group 2 1000219898 272,483.54 01-May-2005 5 8.350% 12,453.31 Group 2 1000221634 236,160.50 01-May-2005 5 6.550% 8,311.47 Group 2 1000223576 127,783.79 01-Jun-2005 4 10.750% 6,542.46 Group 2 5000127409 126,400.00 01-Jun-2005 4 7.600% 4,487.16 Group 2 5000128404 170,421.12 01-Jun-2005 4 5.450% 4,206.05 Group 2 5000128509 135,104.46 01-May-2005 5 6.850% 4,991.43 Group 2 5000128697 154,394.07 01-Jul-2005 3 7.300% 4,367.45 Group 2 5000129084 61,069.13 01-May-2005 5 9.250% 3,110.30 Group 2 5000129093 263,463.95 01-May-2005 5 7.990% 11,487.18 Group 2 5000129662 188,512.91 01-Jun-2005 4 8.250% 7,292.75 Group 2 5000129848 255,425.31 01-May-2005 5 7.490% 10,390.99 Group 2 5000130454 51,918.48 01-May-2005 5 9.250% 2,645.71 Group 2 5000130786 62,894.90 01-May-2005 5 8.950% 3,094.87 Group 2 5000130895 89,808.18 01-May-2005 5 7.750% 3,789.82 Group 2 5000130924 64,320.31 01-Jul-2005 3 8.990% 2,272.74 Group 2 5000130967 54,530.70 01-May-2005 5 10.250% 3,097.37 Group 2 5000130995 130,127.86 01-Jun-2005 4 8.450% 5,164.62 Group 2 5000131083 49,904.64 01-May-2005 5 8.300% 2,266.20 Group 2 5000131111 128,368.29 01-Jun-2005 4 8.250% 4,966.02 Group 2 5000131171 59,269.69 01-Jul-2005 3 7.350% 1,688.95 Group 2 5000131242 112,743.26 01-May-2005 5 8.500% 5,251.43 Group 2 5000131246 422,103.39 01-Jul-2005 3 6.990% 11,395.57 Group 2 5000131255 238,500.00 01-May-2005 5 7.800% 10,156.09 Group 2 5000131697 120,926.22 01-Oct-2005 0 8.750% 1,662.21 Group 2 5000131766 103,716.38 01-May-2005 5 6.500% 3,619.95 Group 2 5000131769 93,975.59 01-Oct-2005 0 8.990% 1,329.36 Group 2 5000131921 91,881.16 01-Jun-2005 4 7.400% 3,163.65 Group 2 5000132065 82,284.25 01-Jun-2005 4 6.850% 2,606.80 Group 2 5000132288 135,727.17 01-May-2005 5 8.050% 5,965.32 Group 2 5000132423 173,042.60 01-Dec-2005 (1) 7.990% 1,080.85 Group 2 5000132858 68,185.08 01-Jun-2005 4 12.900% 4,224.86 Group 2 5000132884 151,672.81 01-May-2005 5 7.700% 6,356.18 Group 2 5000132936 80,611.65 01-Jul-2005 3 6.250% 1,927.51 Group 2 5000133024 53,901.14 01-May-2005 5 8.500% 2,510.64 Group 2 5000133056 147,151.58 01-Jul-2005 3 5.300% 2,936.13 Group 2 5000133159 82,833.70 01-Aug-2005 2 6.990% 1,789.67 Group 2 5000133608 114,293.66 01-Jun-2005 4 8.200% 4,392.95 Group 2 5000133635 159,600.34 01-May-2005 5 6.950% 5,989.60 Group 2 5000133690 90,590.90 01-Jul-2005 3 8.000% 2,827.00 Group 2 5000133719 59,923.85 01-May-2005 5 10.250% 3,403.71 Group 2 5000133987 103,218.84 01-Jun-2005 4 7.990% 3,858.78 Group 2 6000128212 53,438.70 01-Jun-2005 4 9.350% 2,361.54 Group 2 6000130527 314,415.00 01-Jul-2005 3 6.750% 8,187.85 Group 2 6000131045 314,400.00 01-Aug-2005 2 6.200% 5,973.60 Group 2 6000133339 115,855.05 01-May-2005 5 7.800% 4,922.82 Group 2 6000133767 114,758.44 01-Jul-2005 3 7.400% 3,294.10 Group 2 6000133803 80,801.62 01-Jun-2005 4 8.500% 3,226.96 Group 2 6000134064 117,933.73 01-May-2005 5 8.500% 5,493.21 Group 2 6000134411 125,869.15 01-Jul-2005 3 7.000% 3,410.35 Group 2 6000134417 104,996.80 01-Jun-2005 4 7.700% 3,772.90 Group 2 6000134711 138,165.92 01-Aug-2005 2 7.450% 3,197.09 Group 2 6000134787 319,314.58 01-Jun-2005 4 9.150% 13,791.28 Group 2 6000134907 50,912.91 01-May-2005 5 8.850% 2,475.55 Group 2 6000135442 269,515.82 01-May-2005 5 8.600% 12,711.16 Group 2 6000135744 126,640.96 01-Apr-2005 6 8.050% 6,358.50 Group 2 6000135834 148,966.40 01-Oct-2005 0 6.850% 1,575.86 Group 2 6000135942 80,893.12 01-Apr-2005 6 8.100% 4,088.56 Group 2 6000135986 143,100.00 01-May-2005 5 8.250% 6,469.26 Group 2 6000136131 135,707.24 01-May-2005 5 7.700% 5,687.13 Group 2 6000136222 104,548.11 01-Jun-2005 4 7.700% 3,756.76 Group 2 6000136559 325,802.92 01-Jul-2005 3 6.850% 8,605.10 Group 2 7000128710 331,576.24 01-Jul-2005 3 8.990% 11,716.03 Group 2 7000128853 56,141.64 01-May-2005 5 8.250% 2,533.04 Group 2 7000130346 165,218.76 01-Jul-2005 3 8.300% 5,362.52 Group 2 7000130450 248,000.00 01-May-2005 5 6.000% 7,956.69 Group 2 7000130784 219,504.11 01-Jul-2005 3 9.990% 8,671.45 Group 2 7000131164 256,178.24 01-Jun-2005 4 7.850% 9,397.65 Group 2 7000131813 207,539.43 01-May-2005 5 8.500% 9,666.96 Group 2 7000132075 68,279.82 01-May-2005 5 8.700% 3,260.15 Group 2 7000132106 226,299.55 01-May-2005 5 7.990% 9,866.78 Group 2 7000132664 49,871.12 01-Jun-2005 4 8.250% 1,929.29 Group 2 7000133323 56,309.72 01-May-2005 5 7.750% 2,376.22 Group 2 8000023032 137,326.79 01-May-2005 5 8.500% 6,396.34 Group 2 8000029773 259,311.37 01-May-2005 5 6.650% 9,277.58 Group 2 8000030453 145,204.48 01-Jun-2005 4 7.990% 5,428.42 Group 2 8000033096 115,183.15 01-Sep-2005 1 6.750% 1,798.64 Group 2 8000033957 142,633.05 01-Sep-2005 1 11.000% 3,742.69 Group 2 8000034718 269,371.78 01-Jun-2005 4 8.750% 11,094.93 Group 2 8000034746 125,778.95 01-Jun-2005 4 10.100% 6,030.54 Group 3 1000199408 45,757.81 01-Jun-2005 4 11.500% 2,515.48 Group 3 1000215673 28,140.46 01-Jul-2005 3 11.740% 1,312.05 Group 3 1000218938 429,065.09 01-May-2005 5 7.650% 17,855.66 Group 3 1000219394 66,642.33 01-Jul-2005 3 11.990% 3,188.56 Group 3 1000223004 20,472.68 01-May-2005 5 11.750% 1,324.68 Group 3 5000117103 83,853.08 01-May-2005 5 12.750% 5,987.23 Group 3 5000131283 105,761.59 01-Aug-2005 2 10.875% 3,655.44 Group 3 5000131400 6,039.14 01-May-2005 5 11.500% 371.83 Group 3 5000132362 33,972.24 01-May-2005 5 12.275% 2,331.47 Group 3 6000135839 14,027.73 01-Apr-2005 6 11.000% 973.79 Group 3 7000131079 117,818.89 01-May-2005 5 9.350% 6,072.79 Group 3 7000133111 93,863.76 01-Jun-2005 4 10.990% 4,918.52 Group 4 1000215605 510,999.12 01-Jul-2005 3 8.240% 16,457.54 Group 4 1000217511 422,062.60 01-Jun-2005 4 6.500% 12,632.12 Group 4 1000219517 485,073.70 01-May-2005 5 6.500% 16,926.51 Group 4 1000220001 533,504.73 01-Jun-2005 4 6.650% 16,367.96 Group 4 1000220571 550,494.82 01-May-2005 5 6.500% 19,213.59 Group 4 1000222401 398,893.55 01-Jun-2005 4 7.900% 14,732.82 Group 4 1000222783 372,719.87 01-May-2005 5 7.850% 15,946.12 Group 4 1000223498 745,351.16 01-Jun-2005 4 6.650% 22,867.57 Group 4 5000109035 670,739.24 01-May-2005 5 7.300% 26,540.19 Group 4 5000132905 443,864.42 01-May-2005 5 8.990% 21,944.94 Group 4 6000136585 482,814.54 01-May-2005 5 7.050% 18,401.26 Group 4 7000127427 499,160.00 01-Jun-2005 4 6.500% 14,974.80 Group 4 7000129836 552,000.00 01-May-2005 5 6.650% 19,803.00 Group 4 7000131067 470,649.42 01-May-2005 5 6.250% 15,740.21 Group 4 7000133088 375,832.76 01-Jun-2005 4 6.250% 10,806.72 Group 4 8000033393 438,279.94 01-Jul-2005 3 7.300% 12,397.95

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~Realized~~Summary ~~Loss~~12 ~~Loan~~Month ~~Detail~~Bankruptcy ~~Report~~History* -New Bankruptcy Loans ~~With~~Month ~~Losses~~Bankruptcy ~~during~~Percentage Loans in Bankruptcy 13 Jan-05 0.000% Original Principal Balance 1,990,520.00 Feb-05 0.000% Current ~~Period~~Principal ~~(continued)~~Balance ~~Prior~~1,980,302.51 ~~Cumulative~~Mar-05 ~~Loan~~0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 38 Jun-05 0.000% Original Principal ~~Realized~~Balance ~~Realized~~6,103,207.00 ~~Group~~Jul-05 ~~Number~~0.000% Current Principal Balance ~~Loss/(Gain)~~6,070,237.07 ~~Loss/(Gain)~~Aug-05 No0.000% ~~losses~~Sep-05 ~~this~~0.000% ~~period~~Oct-05 0.424% Nov-05 0.546% Dec-05 0.705% *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.

~~MDR~~Bankruptcy ~~SDA~~Detail ~~Current~~- ~~Month~~All ~~0.000%~~Mortgage ~~Current~~Loans ~~Month~~in ~~0.000%~~Bankruptcy 3during ~~Month~~Current ~~Average~~Period ~~0.000%~~Group 3Loan Month ~~Average~~Loan ~~0.000%~~First 12State ~~Month~~LTV ~~Average~~at ~~0.000%~~Original 12Number ~~Month~~Entered ~~Average~~Payment ~~0.000%~~Origination ~~MDR:~~Principal ~~Current~~Bankruptcy vsDate ~~12mo~~Balance Average*Group ~~SDA:~~1 ~~Current~~1000218751 vsOct-2005 ~~12mo~~01-Mar-2005 Average*OR ~~Month~~66.22 ~~Current 12mo Avg~~245,000.00 ~~Month~~Group ~~Current~~1 ~~12mo~~5000124475 ~~Avg. Sep~~Dec-~~2004~~2005 ~~N/A N/A Sep~~01-~~2004~~Jan-2005 ~~N/A~~IL ~~N/A~~100.00 ~~Oct-2004~~185,000.00 ~~N/A~~Group ~~N/A~~1 5000133849 Oct-~~2004~~2005 ~~N/A N/A Nov~~01-~~2004 N/A N/A Nov~~Mar-~~2004~~2005 ~~N/A~~MN ~~N/A~~90.00 ~~Dec-2004~~189,000.00 ~~N/A~~Group ~~N/A~~2 ~~Dec-2004~~1000207951 ~~N/A N/A Jan~~Nov-2005 ~~N/A N/A Jan~~01-~~2005 N/A N/A~~ Feb-2005 ~~N/A~~CA ~~N/A~~90.00 ~~Feb-2005~~315,900.00 ~~N/A~~Group ~~N/A~~2 ~~Mar~~1000219914 Oct-2005 ~~N/A N/A~~ 01-Mar-2005 ~~N/A~~WA ~~N/A~~80.00 ~~Apr-2005~~108,000.00 ~~N/A~~Group ~~N/A~~2 ~~Apr~~1000221561 Oct-2005 ~~N/A N/A May~~01-Mar-2005 ~~N/A~~OR ~~N/A~~80.00 ~~May-2005~~192,000.00 ~~N/A~~Group ~~N/A~~2 ~~Jun~~1000223445 Dec-2005 ~~0.000% N/A Jun~~01-Mar-2005 0GA 90.~~000%~~00 ~~N/A~~52,200.00 ~~Jul-2005~~Group ~~0.000%~~2 ~~N/A~~5000128624 ~~Jul~~Dec-2005 ~~0.000% N/A Aug~~01-Mar-2005 0OH 80.~~000%~~00 ~~N/A Aug-2005 0~~137,600.~~000%~~00 ~~N/A~~Group *The2 ~~text~~5000131804 ~~reported~~Dec-2005 in01-Mar-2005 ~~the~~KS ~~above~~90.00 ~~table~~121,500.00 isGroup ~~presented~~2 *The5000132242 ~~text~~Dec-2005 ~~reported~~01-Mar-2005 inNY ~~the~~100.00 ~~above~~410,000.00 ~~table~~Group is2 ~~presented~~5000132324 ~~graphically~~Oct-2005 on01-Mar-2005 ~~the~~IL ~~monthly~~100.00 ~~bond remittance report~~76,000.00 ~~The~~Group ~~graphically~~2 on5000134302 ~~the~~Oct-2005 ~~monthly~~01-Mar-2005 ~~bond~~WV ~~remittance~~80.00 ~~report~~71,200.00 ~~The~~Group ~~monthly~~2 ~~bond~~6000132475 ~~remittance~~Nov-2005 ~~report~~01-Mar-2005 ~~can~~VA ~~be viewed online at monthly bond remittance report can be viewed online at www~~68.~~ctslink.com.~~36 ~~www~~87,500.~~ctslink.com.~~00 ~~CDR~~Group ~~Loss~~2 ~~Severity~~6000132965 ~~Approximation~~Dec-2005 ~~Current~~01-Mar-2005 ~~Month~~GA 090.~~000%~~00 ~~Current Month 0~~122,400.~~000%~~00 3Group ~~Month~~2 ~~Average~~6000133244 ~~0.000%~~Nov-2005 301-Mar-2005 ~~Month~~VA ~~Average 0~~73.~~000%~~43 ~~12 Month Average 0.~~105,000~~% 12 Month Average 0~~.~~000%~~00 ~~CDR:~~Group ~~Current~~2 vs6000135521 ~~12mo~~Nov-2005 Average*01-Mar-2005 ~~Loss~~VA ~~Severity: Current vs 12mo Average* Month Current 12mo Avg~~80.00 ~~Month Current 12mo Avg~~203,200.00 ~~Sep-2004~~Group ~~N/A~~2 ~~N/A~~6000135808 ~~Sep~~Dec-~~2004~~2005 ~~N/A N/A Oct~~01-~~2004 N/A N/A Oct~~Mar-~~2004~~2005 ~~N/A~~MD ~~N/A~~72.96 ~~Nov-2004~~340,000.00 ~~N/A~~Group ~~N/A~~2 ~~Nov-2004~~7000129067 ~~N/A N/A~~ Dec-~~2004~~2005 ~~N/A N/A Dec~~01-~~2004 N/A N/A Jan~~Mar-2005 ~~N/A~~CA ~~N/A~~80.00 ~~Jan-2005~~196,000.00 ~~N/A~~Group ~~N/A~~2 ~~Feb-2005~~7000130580 ~~N/A N/A Feb~~Nov-2005 ~~N/A N/A~~ 01-Mar-2005 ~~N/A~~GA ~~N/A~~80.00 ~~Mar-2005~~129,200.00 ~~N/A~~Group ~~N/A~~2 ~~Apr~~7000131209 Oct-2005 ~~N/A N/A Apr~~01-Mar-2005 ~~N/A~~OR ~~N/A~~80.00 ~~May-2005~~217,600.00 ~~N/A~~Group ~~N/A~~3 ~~May~~1000216884 Oct-2005 ~~N/A N/A Jun~~01-Feb-2005 0CA 20.00 62,000%.00 ~~N/A~~Group ~~Jun-2005~~3 ~~0.000%~~1000220680 ~~N/A Jul~~Oct-2005 ~~0.000% N/A Jul~~01-Mar-2005 0WA 20.00 27,000%.00 ~~N/A~~Group ~~Aug-2005~~3 ~~0.000%~~5000117227 ~~N/A Aug~~Oct-2005 ~~0.000%~~01-Dec-2004 ~~N/A~~IL *The20.00 ~~text~~26,800.00 ~~reported~~Group in3 ~~the~~5000118328 ~~above~~Oct-2005 ~~table~~01-Dec-2004 isTX ~~presented~~10.00 *The18,200.00 ~~text~~Group ~~reported~~3 in5000128962 ~~the~~Dec-2005 ~~above~~01-Mar-2005 ~~table~~OH is15.00 ~~presented~~25,800.00 ~~graphically~~Group on3 ~~the~~5000131857 ~~monthly~~Dec-2005 ~~bond~~01-Mar-2005 ~~remittance~~KS ~~report~~5.00 ~~The~~6,750.00 ~~graphically~~Group on3 ~~the~~5000133049 ~~monthly~~Oct-2005 ~~bond~~01-Mar-2005 ~~remittance~~TX ~~report~~5.00 ~~The~~10,500.00 ~~monthly~~Group ~~bond~~3 ~~remittance~~5000134309 ~~report~~Oct-2005 ~~can~~01-Mar-2005 beWV ~~viewed~~20.00 ~~online~~17,800.00 atGroup ~~monthly~~3 ~~bond~~6000132991 ~~remittance~~Dec-2005 ~~report~~01-Mar-2005 ~~can~~GA ~~be viewed online at www~~10.~~ctslink.com.~~00 ~~www~~13,600.~~ctslink.com.~~00 ~~Calculation~~Group ~~Methodology:~~3 ~~Monthly~~6000134815 ~~Default~~Dec-2005 ~~Rate~~01-Mar-2005 ~~(MDR):~~NC ~~sum(Beg~~5.00 ~~Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance)~~7,670.00 ~~Conditional~~Group ~~Default~~3 ~~Rate~~6000135589 ~~(CDR):~~Nov-2005 101-~~((1~~Mar-~~MDR)^12)~~2005 ~~SDA~~VA ~~Standard~~20.00 ~~Default~~50,800.00 ~~Assumption:~~Group If3 ~~WAS~~7000131227 isOct-2005 ~~less~~01-Mar-2005 ~~than~~CA or17.03 ~~equal to 30 then CDR/(WAS*0~~109,000.~~02)~~00 ~~else~~Group if3 ~~WAS~~8000026904 isOct-2005 ~~greater~~01-Feb-2005 ~~than~~VA 3078.26 ~~and~~360,000.00 ~~less~~Group ~~than~~3 or8000029823 ~~equal~~Oct-2005 to01-Mar-2005 60NJ ~~then~~20.00 ~~CDR/0~~65,000.600 ~~else~~Group if3 ~~WAS~~8000033580 isDec-2005 ~~greater~~01-Mar-2005 ~~than~~NJ 6080.87 ~~and~~372,000.00 ~~less~~Group ~~than~~4 or5000133390 ~~equal~~Nov-2005 to01-Mar-2005 ~~120~~IN ~~then CDR/(0~~90.600 ~~- ((WAS-60)*0~~431,347.~~0095))~~00 ~~else~~Group if4 ~~WAS~~6000132509 isOct-2005 ~~greater~~01-Mar-2005 ~~than~~VA ~~120~~90.00 ~~then CDR/0~~494,640.0300 ~~Loss~~Group ~~Severity~~4 ~~Approximation~~7000131137 ~~for~~Oct-2005 ~~current~~01-Mar-2005 ~~period:~~CA ~~sum(Realized~~78.13 ~~Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)~~500,000.00

Prepayment - Voluntary Prepayments

Filing Compare · SABR TRUST 2005-FR2