8-K 1 own05001_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 OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-1 (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-40 Pooling and Servicing Agreement) (Commission 54-2169386 (State or other File Number) 54-2169387 jurisdiction 54-6654314 of Incorporation) 54-6654315 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 OWNIT MORTGAGE LOAN TRUST, Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust, relating to the December 27, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer 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 Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust, relating to the December 27, 2005 distribution. EX-99.1 OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Series 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Series 2005-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ R 59020USU0 ~~SEN~~ 0.00000% 0.00 0.00 A-1 59020USB2 ~~SEN 3~~4.~~59000~~32375% ~~159~~94,~~563~~685,~~036~~435.3974 ~~493~~363,~~271~~907.4069 A-2 59020USC0 ~~SEN 3~~4.~~71000~~44375% 86,094,000.00 ~~275~~340,~~046~~071.4230 A-3 59020USD8 ~~SEN 3~~4.~~84000~~57375% 24,289,000.00 8098,~~315~~748.6328 M-1 59020USE6 ~~MEZ 3~~4.~~96000~~69375% 26,142,000.00 89109,~~144~~070.2223 M-2 59020USF3 ~~MEZ~~ 4.~~19000~~92375% 20,638,000.00 7490,~~463~~325.0565 M-3 59020USG1 ~~MEZ~~ 4.~~24000~~97375% 5,896,000.00 2126,~~526~~066.9587 B-1 59020USV8 ~~SUB 4~~5.~~81000~~54375% 5,700,000.00 2328,~~609~~088.0833 B-2 59020USW6 ~~SUB 4~~5.~~91000~~64375% 4,717,000.00 1923,~~943~~663.7462 B-3 59020USX4 ~~SUB 5~~6.~~81000~~54375% 3,931,000.00 1922,~~667~~865.0132 B-4 59020USY2 ~~SUB 6~~7.~~46000~~19375% 2,358,000.00 1315,~~117~~078.0310 B-5 59020USZ9 ~~SUB 6~~7.~~46000~~19375% 3,931,000.00 2125,~~867~~136.2856 C ~~OWN05001C~~59020UTH8 ~~SEN~~ 0.00000% 9,041,823.44 ~~761~~278,~~439~~001.6043 P ~~OWN05001P~~59020UTG0 ~~SEN~~ 0.00000% 0.01 ~~326~~270,~~201~~527.3680 R-1 OWN0501R1 ~~SEN~~ 0.00000% 0.00 0.00 Totals ~~352~~287,~~300~~423,~~859~~259.8419 21,~~219~~691,~~612~~551.7718

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses R 0.00 0.00 0.00 0.00 0.00 A-1 1311,~~176~~857,~~440~~582.1232 0.00 ~~146~~82,~~386~~827,~~596~~853.2742 1312,~~669~~221,~~711~~490.5201 0.00 A-2 0.00 0.00 86,094,000.00 ~~275~~340,~~046~~071.4230 0.00 A-3 0.00 0.00 24,289,000.00 8098,~~315~~748.6328 0.00 M-1 0.00 0.00 26,142,000.00 89109,~~144~~070.2223 0.00 M-2 0.00 0.00 20,638,000.00 7490,~~463~~325.0565 0.00 M-3 0.00 0.00 5,896,000.00 2126,~~526~~066.9587 0.00 B-1 0.00 0.00 5,700,000.00 2328,~~609~~088.0833 0.00 B-2 0.00 0.00 4,717,000.00 1923,~~943~~663.7462 0.00 B-3 0.00 0.00 3,931,000.00 1922,~~667~~865.0132 0.00 B-4 0.00 0.00 2,358,000.00 1315,~~117~~078.0310 0.00 B-5 0.00 0.00 3,931,000.00 2125,~~867~~136.2856 0.00 C 0.00 0.00 9,041,823.44 ~~761~~278,~~439~~001.6043 0.00 P 0.00 0.00 0.01 ~~326~~270,~~201~~527.3680 0.00 R-1 0.00 0.00 0.00 0.00 0.00 Totals 1311,~~176~~857,~~440~~582.1232 0.00 ~~339~~275,~~124~~565,~~419~~676.7287 1513,~~396~~549,~~052~~133.8950 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)~~ R 100.00 0.00 0.00 0.00 0.00 0.00 A-1 200,380,000.00 ~~159~~94,~~563~~685,~~036~~435.3974 0.00 1311,~~176~~857,~~440~~582.1232 0.00 0.00 A-2 86,094,000.00 86,094,000.00 0.00 0.00 0.00 0.00 A-3 24,289,000.00 24,289,000.00 0.00 0.00 0.00 0.00 M-1 26,142,000.00 26,142,000.00 0.00 0.00 0.00 0.00 M-2 20,638,000.00 20,638,000.00 0.00 0.00 0.00 0.00 M-3 5,896,000.00 5,896,000.00 0.00 0.00 0.00 0.00 B-1 5,700,000.00 5,700,000.00 0.00 0.00 0.00 0.00 B-2 4,717,000.00 4,717,000.00 0.00 0.00 0.00 0.00 B-3 3,931,000.00 3,931,000.00 0.00 0.00 0.00 0.00 B-4 2,358,000.00 2,358,000.00 0.00 0.00 0.00 0.00 B-5 3,931,000.00 3,931,000.00 0.00 0.00 0.00 0.00 C 9,046,658.13 9,041,823.44 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 393,122,758.14 ~~352~~287,~~300~~423,~~859~~259.8419 0.00 1311,~~176~~857,~~440~~582.1232 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 R 0.00 0.00 0.~~00000000~~000000 0.00 A-1 1311,~~176~~857,~~440~~582.1232 ~~146~~82,~~386~~827,~~596~~853.2742 0.~~73054495~~413354 1311,~~176~~857,~~440~~582.1232 A-2 0.00 86,094,000.00 1.~~00000000~~000000 0.00 A-3 0.00 24,289,000.00 1.~~00000000~~000000 0.00 M-1 0.00 26,142,000.00 1.~~00000000~~000000 0.00 M-2 0.00 20,638,000.00 1.~~00000000~~000000 0.00 M-3 0.00 5,896,000.00 1.~~00000000~~000000 0.00 B-1 0.00 5,700,000.00 1.~~00000000~~000000 0.00 B-2 0.00 4,717,000.00 1.~~00000000~~000000 0.00 B-3 0.00 3,931,000.00 1.~~00000000~~000000 0.00 B-4 0.00 2,358,000.00 1.~~00000000~~000000 0.00 B-5 0.00 3,931,000.00 1.~~00000000~~000000 0.00 C 0.00 9,041,823.44 0.~~99946558~~999466 0.00 P 0.00 0.01 1.~~00000000~~000000 0.00 R-1 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1311,~~176~~857,~~440~~582.1232 ~~339~~275,~~124~~565,~~419~~676.7287 0.~~86264255~~700966 1311,~~176~~857,~~440~~582.1232

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ R 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-1 200,380,000.00 ~~796~~472.~~30220776~~529373 0.~~00000000~~000000 6559.~~75726180~~175478 0.~~00000000~~000000 A-2 86,094,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-3 24,289,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 26,142,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 20,638,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 5,896,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 5,700,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-2 4,717,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-3 3,931,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-4 2,358,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-5 3,931,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 C 9,046,658.13 999.~~46558277~~465583 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-1 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-1 0.~~00000000~~000000 6559.~~75726180~~175478 ~~730~~413.~~54494595~~353895 0.~~73054495~~413354 6559.~~75726180~~175478 A-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 A-3 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 B-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 C 0.~~00000000~~000000 0.~~00000000~~000000 999.~~46558277~~465583 0.~~99946558~~999466 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~000000

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ R ~~100.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ A-1 ~~200,380,000.00~~11/25/05 3- 12/26/05 32 4.~~59000~~32375% ~~159~~94,~~563~~685,~~036~~435.3974 ~~493~~363,~~271~~907.4069 0.00 ~~0.00~~ A-2 ~~86,094,000.00~~11/25/05 3- 12/26/05 32 4.~~71000~~44375% 86,094,000.00 ~~275~~340,~~046~~071.4230 0.00 ~~0.00~~ A-3 ~~24,289,000.00~~11/25/05 3- 12/26/05 32 4.~~84000~~57375% 24,289,000.00 8098,~~315~~748.6328 0.00 ~~0.00~~ M-1 11/25/05 - 12/26~~,142,000.00~~/05 332 4.~~96000~~69375% 26,142,000.00 89109,~~144~~070.2223 0.00 ~~0.00~~ M-2 ~~20,638,000.00~~11/25/05 - 12/26/05 32 4.~~19000~~92375% 20,638,000.00 7490,~~463~~325.0565 0.00 ~~0.00~~ M-3 ~~5,896,000.00~~11/25/05 - 12/26/05 32 4.~~24000~~97375% 5,896,000.00 2126,~~526~~066.9587 0.00 ~~0.00~~ B-1 11/25/05 - 12/26/05 32 5~~,700,000~~.~~00 4.81000~~54375% 5,700,000.00 2328,~~609~~088.0833 0.00 ~~0.00~~ B-2 ~~4,717,000.00~~11/25/05 4- 12/26/05 32 5.~~91000~~64375% 4,717,000.00 1923,~~943~~663.7462 0.00 ~~0.00~~ B-3 ~~3,931,000.00~~11/25/05 5- 12/26/05 32 6.~~81000~~54375% 3,931,000.00 1922,~~667~~865.0132 0.00 ~~0.00~~ B-4 ~~2,358,000.00~~11/25/05 6- 12/26/05 32 7.~~46000~~19375% 2,358,000.00 1315,~~117~~078.0310 0.00 ~~0.00~~ B-5 ~~3,931,000.00~~11/25/05 6- 12/26/05 32 7.~~46000~~19375% 3,931,000.00 2125,~~867~~136.2856 0.00 ~~0.00~~ C ~~9,046,658.13~~N/A N/A 0.00000% 9,041,823.44 0.00 0.00 ~~0.00~~ P ~~0.01~~N/A N/A 0.00000% 0.01 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 ~~393,122,758.14~~ 1,~~131~~143,~~971~~021.8195 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 R 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 ~~493~~363,~~271~~907.4069 0.00 ~~146~~82,~~386~~827,~~596~~853.2742 A-2 0.00 0.00 ~~275~~340,~~046~~071.4230 0.00 86,094,000.00 A-3 0.00 0.00 8098,~~315~~748.6328 0.00 24,289,000.00 M-1 0.00 0.00 89109,~~144~~070.2223 0.00 26,142,000.00 M-2 0.00 0.00 7490,~~463~~325.0565 0.00 20,638,000.00 M-3 0.00 0.00 2126,~~526~~066.9587 0.00 5,896,000.00 B-1 0.00 0.00 2328,~~609~~088.0833 0.00 5,700,000.00 B-2 0.00 0.00 1923,~~943~~663.7462 0.00 4,717,000.00 B-3 0.00 0.00 1922,~~667~~865.0132 0.00 3,931,000.00 B-4 0.00 0.00 1315,~~117~~078.0310 0.00 2,358,000.00 B-5 0.00 0.00 2125,~~867~~136.2856 0.00 3,931,000.00 C 0.00 0.00 ~~761~~278,~~439~~001.6043 0.00 9,041,823.44 P 0.00 0.00 ~~326~~270,~~201~~527.3680 0.00 0.01 R-1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 21,~~219~~691,~~612~~551.7718 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~~ R N/A 100.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ A-1 11/25/05 - 12/26/05 200,380,000.00 34.~~59000~~32375% ~~796~~472.~~30220776~~529373 21.~~46167981~~816088 0.~~00000000~~000000 ~~0.00000000~~ A-2 11/25/05 - 12/26/05 86,094,000.00 34.~~71000~~44375% 1000.~~00000000~~000000 3.~~19472228~~950000 0.~~00000000~~000000 ~~0.00000000~~ A-3 11/25/05 - 12/26/05 24,289,000.00 34.~~84000~~57375% 1000.~~00000000~~000000 34.~~30666680~~065556 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 26,142,000.00 34.~~96000~~69375% 1000.~~00000000~~000000 34.~~41000000~~172222 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 20,638,000.00 4.~~19000~~92375% 1000.~~00000000~~000000 34.~~60805553~~376667 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 5,896,000.00 4.~~24000~~97375% 1000.~~00000000~~000000 34.~~65111092~~421111 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/26/05 5,700,000.00 45.~~81000~~54375% 1000.~~00000000~~000000 4.~~14194386~~927777 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/26/05 4,717,000.00 45.~~91000~~64375% 1000.~~00000000~~000000 45.~~22805597~~016667 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/26/05 3,931,000.00 56.~~81000~~54375% 1000.~~00000000~~000000 5.~~00305520~~816668 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/25/05 - 12/26/05 2,358,000.00 67.~~46000~~19375% 1000.~~00000000~~000000 56.~~56277778~~394444 0.~~00000000~~000000 ~~0.00000000~~ B-5 11/25/05 - 12/26/05 3,931,000.00 67.~~46000~~19375% 1000.~~00000000~~000000 56.~~56277792~~394444 0.~~00000000~~000000 ~~0.00000000~~ C N/A 9,046,658.13 0.00000% 999.~~46558277~~465583 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-1 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) Per $1 denomination.~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-1 0.~~00000000~~000000 0.~~00000000~~000000 21.~~46167981~~816088 0.~~00000000~~000000 ~~730~~413.~~54494595~~353895 A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~19472228~~950000 0.~~00000000~~000000 1000.~~00000000~~000000 A-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~30666680~~065556 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~41000000~~172222 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~60805553~~376667 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~65111092~~421111 0.~~00000000~~000000 1000.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~14194386~~927777 0.~~00000000~~000000 1000.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 45.~~22805597~~016667 0.~~00000000~~000000 1000.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 5.~~00305520~~816668 0.~~00000000~~000000 1000.~~00000000~~000000 B-4 0.~~00000000~~000000 0.~~00000000~~000000 56.~~56277778~~394444 0.~~00000000~~000000 1000.~~00000000~~000000 B-5 0.~~00000000~~000000 0.~~00000000~~000000 56.~~56277792~~394444 0.~~00000000~~000000 1000.~~00000000~~000000 C 0.~~00000000~~000000 0.~~00000000~~000000 8430.~~16805289~~729738 0.~~00000000~~000000 999.~~46558277~~465583 P 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 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~~Per ~~Refer~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

~~CERTIFICATEHOLDER~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~15,537,817.91~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 81,053.64 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 15,618,871.55 Withdrawals Reimbursement for Servicer Advances 70,154.96 Payment of Service Fee 152,663.71 Payment of Interest and Principal 15,396,052.88 Total Withdrawals (Pool Distribution Amount) 15,618,871.55 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~146~~119,~~792~~759.0369 Certificate Administration Fee 54,~~871~~790.6839 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~152~~124,~~663~~550.7108 *Servicer Payees include: LITTON LOAN SERVICING

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

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~6 ~~REO~~Month ~~Total~~LIBOR NoARM ofWeighted ~~Loans~~Average NoGross ofCoupon ~~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~~6.00937866% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Net 30Coupon ~~Days 48 0 0 0 48~~ 6~~,844,577~~.51437866% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Pass-Through Rate 6~~,844,577~~.51417866% 60Weighted ~~Days~~Average 9Remaining 0Term 1335 0Beginning 10Scheduled ~~1,766,553.77~~Collateral ~~0.00~~Loan ~~500,000.00~~Count ~~0.00 2,266,553.77 90 Days 6 0~~ 1 ~~0 7 842~~,~~257.58~~804 ~~0.00~~Number ~~94,377.57~~Of ~~0.00~~Loans ~~936,635.15~~Paid ~~120~~In ~~Days~~Full ~~4 2 2 0 8 420,814.01 149,821.77 209,350.~~85 ~~0.00~~Ending ~~779,986.63~~Scheduled ~~150~~Collateral ~~Days~~Loan 3Count 1,719 1Beginning 0Scheduled 5Collateral ~~100,274.95~~Balance ~~466~~287,~~883.19 568~~423,~~000~~259.0018 ~~0.00~~Ending ~~1,135,158.14~~Scheduled ~~180+~~Collateral ~~Days~~Balance ~~1 0 3 1 5 95~~275,~~795.40 0.00 1~~565,~~118,198~~676.8986 ~~155,650.52~~Ending ~~1,369,644.81~~Actual ~~Totals~~Collateral 71Balance 3at 830-Nov-2005 ~~1 83 10~~275,~~070~~673,~~273~~826.2258 ~~616,704.96~~Monthly ~~2,489,927.31~~P&I ~~155,650.52~~Constant 131,~~332~~756,~~556~~195.0193 NoSpecial ofServicing ~~Loans~~Fee ~~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%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty 30Waived ~~Days~~Count ~~2.265219%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~2.265219%~~Paid ~~2.017630%~~Amount 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~2.017630%~~Paid 60Count ~~Days~~ 0~~.424729%~~ ~~0.000000%~~Realized ~~0.047192%~~Loss ~~0.000000%~~Amount 0116,179.~~471921%~~71 ~~0.520741%~~Cumulative ~~0.000000%~~Realized ~~0.147389%~~Loss 0179,009.~~000000%~~99 ~~0.668130%~~Scheduled 90Principal ~~Days 0~~94,442.~~283152%~~65 ~~0.000000%~~Unscheduled ~~0.047192%~~Principal 011,763,139.~~000000%~~67 ~~0.330345%~~Required ~~0.248279%~~Overcollateralized ~~0.000000%~~Amount 0.~~027820%~~00 ~~0.000000%~~Overcollateralized ~~0.276099%~~Increase ~~120~~Amount ~~Days 0~~38,755.~~188768%~~12 ~~0.094384%~~Overcollateralized ~~0.094384%~~Reduction ~~0.000000%~~Amount 0.~~377537%~~00 ~~0.124047%~~Specified ~~0.044164%~~O/C ~~0.061712%~~Amount 09,041,823.~~000000%~~44 ~~0.229923%~~Overcollateralized ~~150~~Amount ~~Days 0~~9,041,823.~~141576%~~44 ~~0.047192%~~Overcollateralized ~~0.047192%~~Deficiency ~~0.000000%~~Amount 0.~~235960%~~00 ~~0.029559%~~Base ~~0.137627%~~Overcollateralization ~~0.167434%~~Amount 0.~~000000%~~00 ~~0.334619%~~Extra ~~180+~~principal ~~Days~~distribution ~~0.047192%~~Amount 038,755.~~000000%~~12 ~~0.141576%~~Excess ~~0.047192%~~Cash ~~0.235960%~~Amount 0400,826.~~028238% 0.000000% 0.329620% 0.045882% 0.403741% Totals 3.350637% 0.141576% 0.377537% 0.047192% 3.916942% 2.968494% 0.181791% 0.733975% 0.045882% 3.930142%~~98

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO ~~Total~~TOTAL 1 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 01 0 0 01 0136,000.00 0.00 0.00 0136,000.00 30 Days 1643 02 0 0 1645 16,~~049~~407,~~065~~206.4807 0160,163.0070 0.00 0.00 16,~~049~~567,~~065~~369.4877 60 Days 315 01 0 0 316 ~~183~~2,~~703~~467,297.7764 031,738.0024 0.00 0.00 ~~183~~2,~~703~~499,035.7788 90 Days 211 01 01 0 213 ~~133~~1,~~598~~280,700.4020 0126,548.0099 0250,750.00 0.00 ~~133~~1,~~598~~657,999.4019 120 Days ~~2 2 0 0~~ 4 ~~73,851.98 149,821.77~~ 0~~.00~~ ~~0.00 223,673.75 150 Days~~ 3 0 07 ~~0 3 100~~405,~~274~~668.9556 0.00 0878,238.0002 0.00 ~~100~~1,~~274~~283,906.9558 ~~180+~~150 Days 02 01 05 0 08 0123,797.0048 089,635.0088 ~~0.00 0.00 0.00 Totals 26 2 0 0 28~~ 1,~~540~~338,~~494~~495.~~58 149,821.77 0.~~00 0.00 1,~~690~~551,~~316~~928.3536 ~~0-29~~180+ Days ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days~~ 2~~.017654%~~ ~~0.000000%~~1 ~~0.000000%~~3 ~~0.000000%~~7 ~~2.017654%~~13 288,546.~~115016%~~04 0188,000.~~000000%~~00 0513,317.~~000000%~~22 01,794,828.~~000000%~~49 2,584,691.~~115016%~~75 60 Days 0.378310% 0.000000% 0.000000% 0.000000% 0.378310% 0.370364% 0.000000% 0.000000% 0.000000% 0.370364% 90 Days 0.252207% 0.000000% 0.000000% 0.000000% 0.252207% 0.269347% 0.000000% 0.000000% 0.000000% 0.269347% 120 Days 0.252207% 0.252207% 0.000000% 0.000000% 0.504414% 0.148893% 0.302055% 0.000000% 0.000000% 0.450948% 150 Days 0.378310% 0.000000% 0.000000% 0.000000% 0.378310% 0.202164% 0.000000% 0.000000% 0.000000% 0.202164% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals ~~3.278689%~~77 ~~0.252207%~~7 ~~0.000000%~~12 ~~0.000000%~~7 ~~3.530895%~~103 310,773,215.~~105784%~~99 0732,086.~~302055%~~81 02,980,800.~~000000%~~24 01,794,828.~~000000%~~49 316,280,931.~~407839%~~53 ~~DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2~~ No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 ~~0 0 0 0~~.00 0.00 0.00 0.00 30 Days 32 0 0 0 32 5,795,512.03 0.00 0.00 0.00 5,795,512.03 60 Days 6 0 1 0 7 1,582,850.00 0.00 500,000.00 0.00 2,082,850.00 90 Days 4 0 1 0 5 708,659.18 0.00 94,377.57 0.00 803,036.75 120 Days 2 0 2 0 4 346,962.03 0.00 209,350.85 0.00 556,312.88 150 Days 0 1 1 0 2 0.00 466,883.19 568,000.00 0.00 1,034,883.19 180+ Days 1 0 3 1 5 95,795.40 0.00 1,118,198.89 155,650.52 1,369,644.81 Totals 45 1 8 1 55 8,529,778.64 466,883.19 2,489,927.31 155,650.52 11,642,239.66 0-29 Days 0.000000058173% 0.000000% 0.000000% 0.~~000000~~058173% 0.~~000000~~049334% 0.000000% 0.000000% 0.~~000000~~049334% 30 Days 2.~~413273~~501454% 0.~~000000~~116347% 0.000000% 0.000000% 2.~~413273~~617801% 2.~~000952~~324198% 0.~~000000~~058099% 0.000000% 0.000000% 2.~~000952~~382297% 60 Days 0.~~452489~~872600% 0.~~000000~~058173% 0.~~075415~~000000% 0.000000% 0.~~527903~~930774% 0.~~546493~~895006% 0.~~000000~~011513% 0.~~172629~~000000% 0.000000% 0.~~719123~~906519% 90 Days 0.~~301659~~639907% 0.~~000000~~058173% 0.~~075415~~058173% 0.000000% 0.~~377074~~756254% 0.~~244671~~464571% 0.~~000000~~045905% 0.~~032585~~090959% 0.000000% 0.~~277256~~601435% 120 Days 0.~~150830~~232693% 0.000000% 0.~~150830~~174520% 0.000000% 0.~~301659~~407213% 0.~~119792~~147155% 0.000000% 0.~~072280~~318579% 0.000000% 0.~~192072~~465734% 150 Days 0.~~000000~~116347% 0.~~075415~~058173% 0.~~075415~~290867% 0.000000% 0.~~150830~~465387% 0.~~000000~~044907% 0.~~161196~~032515% 0.~~196107~~485536% 0.000000% 0.~~357303~~562958% 180+ Days 0.~~075415~~116347% 0.~~000000~~058173% 0.~~226244~~174520% 0.~~075415~~407213% 0.~~377074~~756254% 0.~~033074~~032120% 0.~~000000~~068197% 0.~~386068~~186205% 0.~~053740~~651070% 0.~~472882~~937591% Totals 34.~~393665~~479348% 0.~~075415~~407213% 0.~~603318~~698080% 0.~~075415~~407213% 45.~~147813~~991856% 23.~~944982~~907958% 0.~~161196~~265563% 01.~~859670~~081278% 0.~~053740~~651070% 45.~~019587~~905868%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 81202,~~053~~094.6499

~~Summary~~Delinquency 12Status ~~Month~~By ~~REO~~Group History*DELINQUENT ~~New~~BANKRUPTCY FORECLOSURE REO TOTAL 1 No of Loans ~~Month~~No ~~REO~~of ~~Percentage~~Loans No of Loans inNo ~~REO~~of 0Loans ~~Sep-04~~No ~~0.000%~~of ~~Original~~Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 ~~Oct-04~~0.00 0.~~000%~~00 ~~Current~~0.00 ~~Principal~~30 ~~Balance~~Days 15 2 0 0 17 1,042,712.52 160,163.70 0.00 ~~Nov-04~~0.00 1,202,876.22 60 Days 4 1 0 0 5 190,762.~~000%~~11 ~~Dec-04~~31,738.24 0.~~000%~~00 ~~Current~~0.00 ~~REO~~222,500.35 ~~Total~~90 ~~Jan-05~~Days 5 0 0 0 5 221,947.~~000%~~54 ~~Loans~~0.00 in0.00 ~~REO~~0.00 221,947.54 120 Days 4 0 1 ~~Feb-05~~0 5 405,668.56 0.~~000%~~00 ~~Original~~98,238.02 ~~Principal~~0.00 ~~Balance~~503,906.58 ~~156~~150 Days 2 1 0 0 3 123,~~000~~797.48 89,635.88 0.00 ~~Mar-05~~0.00 213,433.36 180+ Days 2 0 0 1 3 88,546.~~000%~~04 ~~Current~~0.00 ~~Principal~~0.00 ~~Balance~~60,046.65 ~~155~~148,~~650~~592.5269 ~~Apr~~Totals 32 4 1 1 38 2,073,434.25 281,537.82 98,238.02 60,046.65 2,513,256.74 0-0529 Days 0.~~000~~000000% ~~May-05~~0.000000% 0.~~000~~000000% ~~Jun-05~~0.000000% 0.~~000~~000000% ~~Jul-05~~0.000000% 0.~~044~~000000% ~~Aug-05~~0.000000% 30 Days 2.388535% 0.~~046~~318471% *The0.000000% ~~text~~0.000000% ~~reported~~2.707006% in2.641270% ~~the~~0.405707% ~~above~~0.000000% ~~table~~0.000000% is3.046977% ~~presented~~60 ~~graphically~~Days on0.636943% ~~the~~0.159236% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.796178% ~~report~~0.483215% ~~The~~0.080395% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.563610% ~~report~~90 ~~can~~Days be0.796178% ~~viewed~~0.000000% ~~online~~0.000000% at0.000000% ~~www~~0.~~ctslink~~796178% 0.~~com~~562210% 0.000000% ~~Group~~0.000000% 10.000000% 120.562210% ~~Month~~120 ~~REO~~Days History*0.636943% ~~New~~0.000000% ~~REO~~0.159236% ~~Loans~~0.000000% ~~Month~~0.796178% ~~REO~~1.027589% ~~Percentage~~0.000000% ~~Loans~~0.248844% in0.000000% ~~REO~~1.276434% 150 Days 0.318471% ~~Sep-04~~0.159236% 0.~~000~~000000% ~~Original~~0.000000% ~~Principal~~0.477707% ~~Balance~~0.313588% 0.00227054% ~~Oct-04~~0.000000% 0.~~000~~000000% ~~Current~~0.540643% ~~Principal~~180+ ~~Balance~~Days 0.00318471% ~~Nov-04~~0.000000% 0.~~000~~000000% ~~Dec-04~~0.159236% 0.~~000~~477707% ~~Current~~0.224294% ~~REO~~0.000000% ~~Total~~0.000000% ~~Jan-05~~0.152103% 0.~~000~~376397% ~~Loans~~Totals in5.095541% ~~REO~~0.636943% 0.159236% ~~Feb-05~~0.159236% 6.050955% 5.252167% 0.~~000~~713157% ~~Original~~0.248844% 0.152103% 6.366270% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 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 1 0 0 1 136,000.00 ~~Mar-05~~0.00 0.00 136,000%.00 ~~Current~~30 ~~Principal~~Days ~~Balance~~28 0 0 0 28 5,364,493.55 0.00 ~~Apr-05~~0.00 0.~~000%~~00 ~~May-05~~5,364,493.55 60 Days 11 0 0 0 11 2,276,535.~~000%~~53 ~~Jun-05~~0.00 0.~~000%~~00 ~~Jul-05~~0.00 2,276,535.53 90 Days 6 1 1 0 8 1,058,752.~~000%~~66 ~~Aug-05~~126,548.99 250,750.00 0.~~000%~~00 *The1,436,051.65 ~~text~~120 ~~reported~~Days in0 ~~the~~0 ~~above~~2 ~~table~~0 is2 ~~presented~~0.00 ~~graphically~~0.00 on780,000.00 ~~the~~0.00 ~~monthly~~780,000.00 ~~bond~~150 ~~remittance~~Days ~~report~~0 0 5 0 5 0.00 ~~The~~0.00 ~~monthly~~1,338,495.00 ~~bond~~0.00 ~~remittance~~1,338,495.00 ~~report~~180+ ~~can~~Days be0 ~~viewed~~1 ~~online~~3 at6 ~~www~~10 0.~~ctslink~~00 188,000.~~com~~00 513,317.22 ~~Group~~1,734,781.84 2,436,099.06 12Totals ~~Month~~45 ~~REO~~3 History*11 ~~New~~6 ~~REO~~65 ~~Loans~~8,699,781.74 ~~Month~~450,548.99 ~~REO~~2,882,562.22 ~~Percentage~~1,734,781.84 ~~Loans~~13,767,674.79 in0-29 ~~REO~~Days 0.091659% ~~Sep-04~~0.000000% 0.~~000~~000000% ~~Original~~0.091659% ~~Principal~~0.057579% ~~Balance~~0.000000% 0.00000000% ~~Oct-04~~0.057579% 30 Days 2.566453% 0.~~000~~000000% ~~Current~~0.000000% ~~Principal~~0.000000% ~~Balance~~2.566453% 2.271203% 0.00000000% ~~Nov-04~~0.000000% 0.~~000~~000000% ~~Dec-04~~2.271203% 60 Days 1.008249% 0.~~000~~000000% ~~Current~~0.000000% ~~REO~~0.000000% ~~Total~~1.008249% ~~Jan-05~~0.963833% 0.~~000~~000000% ~~Loans~~0.000000% in0.000000% ~~REO~~0.963833% 190 ~~Feb-05~~Days 0.~~000~~549954% ~~Original~~0.091659% ~~Principal~~0.091659% ~~Balance~~0.000000% ~~156,000~~0.00733272% ~~Mar-05~~0.448251% 0.~~000~~053578% ~~Current~~0.106162% ~~Principal~~0.000000% ~~Balance~~0.607991% ~~155,650~~120 Days 0.52000000% ~~Apr-05~~0.000000% 0.~~000~~183318% ~~May-05~~0.000000% 0.~~000~~183318% ~~Jun-05~~0.000000% 0.~~000~~000000% ~~Jul-05~~0.330234% 0.~~052~~000000% ~~Aug-05~~0.330234% 150 Days 0.~~054~~000000% *The0.000000% ~~text~~0.458295% ~~reported~~0.000000% in0.458295% ~~the~~0.000000% ~~above~~0.000000% ~~table~~0.566688% is0.000000% ~~presented~~0.566688% ~~graphically~~180+ onDays ~~the~~0.000000% ~~monthly~~0.091659% ~~bond~~0.274977% ~~remittance~~0.549954% ~~report~~0.916590% ~~The~~0.000000% ~~monthly~~0.079595% ~~bond~~0.217327% ~~remittance~~0.734467% ~~report~~1.031388% ~~can~~Totals be4.124656% ~~viewed~~0.274977% ~~online~~1.008249% at0.549954% ~~www~~5.~~ctslink~~957837% 3.~~com~~683287% 0.190752% 1.220410% 0.734467% 5.828916%

~~REO~~180+ ~~Loan~~Delinquency ~~Detail~~Summary -Summary ~~All~~Group ~~Mortgage~~1 Days Number of Aggregate Percentage of Number of Aggregate Percentage of Delinquent Loans inOutstanding ~~REO~~Balance(%) ~~during~~Loans ~~Current~~Oustanding ~~Period~~Balance(%) ~~Month~~Balance($) ~~Loan~~Balance($) ~~First~~180 ~~Original~~- ~~Loan~~209 ~~Entered~~3 ~~Payment~~389,178.41 ~~LTV~~0.141 at1 ~~Principal~~45,878.41 ~~Group~~0.116 ~~Number~~210 ~~REO~~- ~~Date~~239 ~~State~~4 ~~Origination~~525,726.81 ~~Balance~~0.191 ~~Group~~1 242,667.63 ~~0004451429~~0.108 ~~Jul~~240 -~~2005~~ 01269 2 169,947.32 0.062 1 60,046.65 0.152 270 -~~Sep-2004~~ CO299 802 1,034,883.19 0.375 0 0.00 ~~156~~0.000 300 - 329 1 309,305.50 0.112 0 0.00 0.000 330 - 359 1 155,650.52 0.056 0 0.00 0.000 Total 13 2,584,691.75 0.937 3 148,592.69 0.376

~~REO~~180+ ~~Loan~~Delinquency ~~Detail~~Summary -(continued) ~~All~~Group ~~Mortgage~~2 ~~Loans~~Days inNumber ~~REO~~of ~~during~~Aggregate ~~Current~~Percentage ~~Period~~of Delinquent Loans Outstanding Balance(~~continued~~%) ~~Current~~Balance($) ~~Paid~~180 ~~Current~~- ~~Approximate~~209 ~~Loan~~2 ~~Principal~~343,300.00 To0.145 ~~Months~~210 ~~Loan~~- ~~Delinquent~~239 ~~Group~~3 ~~Number~~483,059.18 ~~Balance~~0.205 ~~Date~~240 ~~Delinquent~~- ~~Rate~~269 ~~Interest~~1 ~~Group~~109,900.67 0.047 270 - 299 2 ~~0004451429~~1,034,883.19 0.438 300 - 329 1 309,305.50 0.131 330 - 359 1 155,650.52 ~~01-Nov-2004~~0.066 7Total 710 2,436,099.~~500%~~06 61.032 This report includes all loans greater than 180 days delinquent regardless of status (REO,~~331~~ Foreclosure, Bankruptcy).28

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 2 ~~Sep~~Jan-0405 0.000% Original Principal Balance ~~204~~693,~~800~~600.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance ~~204~~693,~~278~~041.2496 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current ~~Foreclosure~~REO Total ~~Jan~~May-05 0.000% Loans in ~~Foreclosure~~REO 87 ~~Feb~~Jun-05 0.000% Original Principal Balance 21,~~492~~800,300.00 ~~Mar~~Jul-05 0.~~072~~044% Current Principal Balance 21,~~489~~794,~~927~~828.3149 ~~Apr~~Aug-05 0.~~039~~046% ~~May~~Sep-05 0.~~082~~179% ~~Jun~~Oct-05 0.~~084~~220% ~~Jul~~Nov-05 0.~~649~~417% ~~Aug~~Dec-05 0.~~734~~651% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current ~~Foreclosure~~REO Total ~~Jan~~May-05 0.000% Loans in ~~Foreclosure~~REO 01 ~~Feb~~Jun-05 0.000% Original Principal Balance 061,000.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 060,046.0065 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.~~000~~145% ~~Aug~~Dec-05 0.~~000~~152% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month ~~Foreclosure~~REO History* New ~~Foreclosure~~REO Loans Month ~~Foreclosure~~REO Percentage Loans in ~~Foreclosure~~REO 2 ~~Sep~~Jan-0405 0.000% Original Principal Balance ~~204~~693,~~800~~600.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance ~~204~~693,~~278~~041.2496 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current ~~Foreclosure~~REO Total ~~Jan~~May-05 0.000% Loans in ~~Foreclosure~~REO 86 ~~Feb~~Jun-05 0.000% Original Principal Balance 21,~~492~~739,300.00 ~~Mar~~Jul-05 0.~~085~~052% Current Principal Balance 21,~~489~~734,~~927~~781.3184 ~~Apr~~Aug-05 0.~~046~~054% ~~May~~Sep-05 0.~~096~~209% ~~Jun~~Oct-05 0.~~098~~257% ~~Jul~~Nov-05 0.~~760~~462% ~~Aug~~Dec-05 0.~~860~~734% *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.

~~Foreclosure~~REO Loan Detail - All Mortgage Loans in ~~Foreclosure~~REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FCREO Date State Origination Balance Group 21 ~~0003129995~~0004111909 ~~Jul~~Nov-2005 01-~~Oct~~Sep-2004 CAGA 80100.00 ~~568~~61,000.00 Group 2 ~~0003366187~~0003129995 ~~Jul~~Dec-2005 01-~~Aug~~Oct-2004 CA 7980.4500 ~~580~~568,000.00 Group 2 ~~0003549110~~0003548618 ~~Jul~~Nov-2005 01-~~Sep~~Aug-2004 CA 4595.8100 ~~100~~469,~~000~~300.00 Group 2 ~~0003857397~~0004111770 ~~Jul~~Sep-2005 01-Sep-2004 CAMI 7680.9200 ~~500~~110,~~000~~400.00 Group 2 ~~0004111770~~0004112149 ~~Aug~~Dec-2005 01-Sep-2004 MIGA 80.00 ~~110~~125,~~400~~600.00 Group 2 0004112319 ~~Jul~~Sep-2005 01-Oct-2004 GA 100.00 310,000.00 Group 2 ~~0004311625~~0004451429 Jul-2005 01-Sep-2004 ORCO ~~90.00 229,500.00 Group 2 0004600520 Aug-2005 01-Sep-2004 AZ~~ 80.00 94156,~~400~~000.00

~~Foreclosure~~REO Loan Detail - All Mortgage Loans in ~~Foreclosure~~REO during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 21 ~~0003129995~~0004111909 ~~568~~60,~~000~~046.0065 01-~~Jan~~Feb-2005 58 69.~~875~~375% 214,~~122~~385.5048 Group 2 ~~0003366187~~0003129995 ~~580~~568,000.00 01-~~Dec~~Jan-~~2004 6 6.500% 20,300.00 Group 2 0003549110 99,450.18 01-Feb-~~2005 49 6.~~500~~875% 233,~~976~~192.4450 Group 2 ~~0003857397~~0003548618 ~~500~~466,~~000~~883.0019 01-~~Apr~~Jan-2005 29 6.875% 1027,~~625~~162.0028 Group 2 0004111770 109,900.67 01-Feb-2005 48 7.500% 36,~~839~~388.0217 Group 2 ~~0004112319~~0004112149 ~~309~~125,~~305~~041.5096 01-~~Dec~~Mar-~~2004~~2005 6 7 8.~~500~~375% 127,~~591~~365.2162 Group 2 ~~0004311625~~0004112319 ~~228~~309,~~893~~305.3950 01-Dec-2004 610 87.~~125~~500% 1019,~~153~~754.1795 Group 2 ~~0004600520~~0004451429 94155,~~377~~650.5752 01-~~Mar~~Nov-~~2005~~2004 311 67.~~750~~500% 29,~~457~~933.7534

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Foreclosure 6History* ~~Month~~New ~~LIBOR~~Foreclosure ~~ARM~~Loans ~~Weighted~~Month ~~Average~~Foreclosure ~~Gross~~Percentage ~~Coupon~~Loans in Foreclosure 6 Jan-05 0.~~969298~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~1,626,550.00 6Feb-05 0.~~469298~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 1,625,783.02 Mar-~~Through~~05 ~~Rate~~0.072% 6Apr-05 0.~~449298~~039% ~~Weighted~~Current ~~Average~~Foreclosure ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 10.082% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Foreclosure ~~Loan~~12 ~~Count~~Jun-05 0.084% Original Principal Balance 2,~~204~~982,750.00 ~~Number~~Jul-05 Of0.649% ~~Loans~~Current ~~Paid~~Principal InBalance ~~Full~~2,980,800.24 85Aug-05 ~~Ending~~0.734% ~~Scheduled~~Sep-05 ~~Collateral~~0.802% ~~Loan~~Oct-05 ~~Count~~1.066% ~~2,119~~Nov-05 ~~Beginning~~0.778% ~~Scheduled~~Dec-05 ~~Collateral~~1.081% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Jan-05 0.000% Original Principal Balance ~~352~~99,~~300,859~~000.8300 ~~Ending~~Feb-05 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~339~~98,~~124,419~~238.7102 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Apr-05 ~~Balance~~0.000% atCurrent 29Foreclosure Total May-~~Jul~~05 0.000% Loans in Foreclosure 1 Jun-~~2005~~05 ~~339,238,513~~0.10000% ~~Monthly~~Original ~~P&I~~Principal ~~Constant~~Balance 299,~~157,024~~000.4200 ~~Special~~Jul-05 ~~Servicing~~0.000% ~~Fee~~Current Principal Balance 98,238.02 Aug-05 0.00000% ~~Prepayment~~Sep-05 ~~Penalties~~0.000% Oct-05 0.00135% ~~Realized~~Nov-05 ~~Loss~~0.000% ~~Amount~~Dec-05 0.00249% ~~Cumulative~~*The ~~Realized~~text ~~Loss~~reported ~~62,830~~in the above table is presented graphically on the monthly bond remittance report.28 ~~Scheduled~~The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 5 Jan-05 0.000% Original Principal ~~110~~Balance 1,~~949~~527,550.5500 ~~Unscheduled~~Feb-05 0.000% Current Principal 13Balance 1,~~065~~527,~~490~~545.5700 ~~Required~~Mar-05 ~~Overcollateralization~~0.085% ~~Amount~~Apr-05 0.00046% ~~Overcollateralized~~Current ~~Increase~~Foreclosure ~~Amount~~Total May-05 0.00096% ~~Overcollateralized~~Loans ~~reduction~~in ~~Amount~~Foreclosure 11 Jun-05 0.00098% ~~Specified~~Original ~~O/C~~Principal ~~Amount~~Balance 92,~~041~~883,~~823~~750.4400 ~~Overcollateralized~~Jul-05 ~~Amount~~0.760% 9Current Principal Balance 2,~~041~~882,~~823~~562.4422 ~~Overcollateralized~~Aug-05 ~~Deficiency~~0.860% ~~Amount~~Sep-05 0.00937% ~~Base~~Oct-05 ~~Overcollateralized~~1.222% ~~Amount~~Nov-05 0.00908% ~~Extra~~Dec-05 ~~principal~~1.220% ~~distribution~~*The ~~Amount~~text 0reported in the above table is presented graphically on the monthly bond remittance report.00 ~~Excess~~The ~~Cash~~monthly ~~Amount~~bond ~~762,852~~remittance report can be viewed online at www.91ctslink.com.

~~Prepayment~~Foreclosure Loan Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current~~Loans ~~Period~~in ~~Summary~~Foreclosure ~~Loans~~during ~~Paid~~Current InPeriod ~~Full~~Month ~~Repurchased~~Loan ~~Loans~~First Original ~~Current~~Loan ~~Original~~Entered ~~Current~~Payment ~~Principal~~LTV ~~Principal~~at Principal ~~Principal~~ Group ~~Count~~Number ~~Balance~~FC ~~Balance~~Date ~~Count~~State ~~Balance~~Origination Balance Group 1 380004111836 1Dec-2005 01-Sep-2004 GA 90.00 99,~~980~~000.00 Group 2 0003129919 Dec-2005 01-Aug-2004 CA 80.00 328,~~671~~000.00 1Group 2 0003130693 Dec-2005 01-Sep-2004 CA 80.00 452,~~969~~000.00 Group 2 0003249889 Sep-2005 01-Sep-2004 WA 80.00 171,~~187~~200.9900 0Group 02 0003250043 Sep-2005 01-Sep-2004 WA 80.00 0184,000.00 Group 2 470003366772 11Dec-2005 01-Sep-2004 CA 80.00 375,~~122~~200.00 Group 2 0003549697 Oct-2005 01-Oct-2004 CA 95.00 233,~~454~~700.00 11Group 2 0003857397 Jul-2005 01-Sep-2004 CA 76.92 500,~~090,524~~000.5800 0Group 02 0004312248 Dec-2005 01-Sep-2004 OR 85.00 0250,750.00 ~~Total~~Group 852 130004312462 Sep-2005 01-Oct-2004 WA 90.00 159,~~103,125~~300.00 13Group 2 0004600507 Dec-2005 01-Sep-2004 AZ 80.00 121,~~059,712~~600.5700 0Group 02 0004700103 Oct-2005 01-Oct-2004 OH 100.00 0108,000.00

~~Prepayment~~Foreclosure Loan Detail - ~~Prepayments~~All Mortgage Loans in Foreclosure during Current Period (continued) ~~Summary~~Current ~~Substitution~~Paid ~~Loans~~Current ~~Liquidated~~Approximate ~~Loans~~Loan ~~Curtailments~~Principal ~~Original~~To ~~Current~~Months ~~Original~~Loan ~~Current~~Delinquent ~~Principal~~Group ~~Principal~~Number ~~Principal~~Balance ~~Principal~~Date ~~Curtailment~~Delinquent Rate Interest Group ~~Count~~1 ~~Balance~~0004111836 ~~Balance~~98,238.02 ~~Count~~01-Jun-2005 ~~Balance~~4 ~~Balance~~7.750% ~~Amount~~3,554.29 Group 12 00003129919 0328,000.00 001-Jun-2005 4 5.00875% 08,814.96 0Group 2 0003130693 452,000.00 001-Jun-2005 4 6.00990% 14,667.42 Group 2 0003249889 170,~~673~~017.8222 01-Mar-2005 7 6.125% 7,143.16 Group 2 00003250043 0184,000.00 001-Apr-2005 6 6.875% 7,820.00 0Group 02 0003366772 375,200.00 001-May-2005 5 6.500% 13,132.00 Group 2 0003549697 233,700.00 01-May-2005 5 7.750% 9,883.51 Group 2 0003857397 500,000.00 01-May-2005 5 6.875% 18,~~954~~593.2275 ~~Total~~Group 02 00004312248 250,750.00 001-Jul-2005 3 7.250% 7,052.35 Group 2 0004312462 159,300.00 001-Apr-2005 06 6.250% 6,106.48 Group 2 0004600507 121,595.00 001-May-2005 5 7.250% 4,787.88 Group 2 0004700103 108,000.00 901-May-2005 5 8.125% 4,~~628~~803.0475

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~Prepayment~~Summary ~~Loan~~12 ~~Detail~~Month -Bankruptcy ~~Prepayments~~History* ~~during~~New ~~Current~~Bankruptcy ~~Period~~Loans ~~First~~Month ~~Original~~Bankruptcy ~~Loan~~Percentage ~~LTV~~Loans atin ~~Payment~~Bankruptcy ~~Principal~~4 ~~Prepayment Group Number State Origination Date Balance Amount Group 1 0003130911 CA 20.00 01~~Jan-~~Sep-2004~~05 ~~49,800~~0.~~00 49,272.00 Group 1 0003250643 WA 20.00 01-Sep-2004 61,~~000~~.00~~% ~~60,561.52~~Original ~~Group~~Principal 1Balance ~~0003250650 WA 15.00 01-Sep-2004 44~~382,~~250.00 43,852.48 Group 1 0003251022 WA 20.00 01-Oct-2004 52,400.00 52,104.96 Group 1 0003366459 CA 20.00 01-Sep-2004 48,021.00 47,821.56 Group 1 0003366753 CA 20.00 01-Sep-2004 71,~~000.00 ~~70,653.90 Group 1 0003548397 CA 20.00 01~~Feb-~~Sep-2004~~05 ~~60,000~~0.~~00 59,610.44 Group 1 0003548849 CA 20.04 01-Sep-2004 46,~~000~~.00~~% ~~45,730.64~~Current ~~Group~~Principal 1Balance ~~0003548930 CA 19.99 01-Sep-2004 45~~379,~~950~~901.0094 ~~45,566.21 Group 1 0003549175 CA 20.00 01~~Mar-~~Sep-2004~~05 ~~71,000~~0.~~00 70,539.08 Group 1 0003549178 CA 20.00 01-Sep-2004 69,800.00 69,358.38 Group 1 0003549231 CA 20.00 01-Sep-2004 57,~~000~~.00~~% ~~56,769.47 Group 1 0003549297 CA 20.00 01~~Apr-~~Sep-2004~~05 ~~34,000~~0.~~00 33,850.94 Group 1 0003549332 CA 16.92 01-Sep-2004 44,~~000~~.00~~% ~~43,807.23~~Current ~~Group~~Bankruptcy 1Total ~~0003549345 CA 20.00 01~~May-~~Oct-2004~~05 ~~61,400~~0.00126% ~~61,016.11~~Loans ~~Group~~in 1Bankruptcy ~~0003799257~~7 ~~CA 20.00 01~~Jun-~~Jul-2004~~05 ~~59,000~~0.00146% ~~58,420.29~~Original ~~Group~~Principal 1Balance ~~0003799642 CA 20.00 01-Sep-2004 94~~736,400.00 93,630.75 Group 1 0003799836 CA 20.00 01-Sep-2004 33,400.00 33,264.90 Group 1 0003856628 CA 20.00 01-Sep-2004 54,400.00 54,139.00 Group 1 0003856870 CA 20.00 01-Sep-2004 69,600.00 69,099.77 Group 1 0003856917 CA 20.00 01-Sep-2004 98,000.00 ~~97,482.98 Group 1 0004311190 WA 19.98 01-~~Jul-~~2004~~05 ~~46,100~~0.00150% ~~45,748.17~~Current ~~Group~~Principal 1Balance ~~0004311535 OR 19.98 01-Sep-2004 33~~732,~~750~~086.0081 ~~33,519.44 Group 1 0004311832 OR 25.00 01~~Aug-~~Sep-2004~~05 ~~37,250~~0.00182% ~~37,042.89 Group 1 0004311962 OR 20.00 01-~~Sep-~~2004~~05 ~~38,000~~0.00192% ~~37,705.40 Group 1 0004451283 CO 20.00 01~~Oct-~~Sep-2004~~05 ~~26,900~~0.00202% ~~26,750.44 Group 1 0004451534 CO 20.00 01~~Nov-~~Oct-2004~~05 ~~42,600~~0.00123% ~~42,400.24 Group 1 0004600286 AZ 19.97 01~~Dec-~~Sep-2004~~05 ~~31,950~~0.00266% ~~31,802.36~~*The ~~Group~~text 1reported ~~0004600331~~in AZthe ~~20.02~~above ~~01-Aug-2004~~table ~~23,200.00~~is ~~23,022.75~~presented ~~Group~~graphically 1on ~~0004600350~~the AZmonthly ~~20.00~~bond ~~01-Sep-2004~~remittance ~~29,400~~report.00 ~~29,154.35~~The ~~Group~~monthly 1bond ~~0004600426~~remittance AZreport ~~20.00~~can ~~01-Sep-2004~~be ~~39,900.00~~viewed ~~39,598.33~~online ~~Group~~at ~~1 0004600442 AZ 20~~www.~~00 01-Sep-2004 100,600~~ctslink.~~00 100,214~~com.52 Group 1 ~~0004600538~~12 AZMonth ~~20.00~~Bankruptcy ~~01-Sep-2004~~History* ~~25,000.00~~New ~~24,837.70~~Bankruptcy ~~Group~~Loans 1Month ~~0004600541~~Bankruptcy AZPercentage ~~20.00~~Loans ~~01-Sep-2004~~in ~~32,000.00~~Bankruptcy ~~31,745.60~~3 ~~Group 1 0004600619 AZ 20.00 01~~Jan-~~Sep-2004~~05 ~~47,600~~0.00000% ~~47,402.32~~Original ~~Group~~Principal 1Balance ~~0004600745 AZ 20.00 01-Oct-2004 33~~194,000.00 ~~32,783.04 Group 1 0004700011 OH 80.00 01~~Feb-~~Sep-2004~~05 ~~75,200~~0.~~00 74,586.26 Group 1 0041112047 GA 20.00 01-Sep-2004 93,800.00 93,278.62 Group 2 0003130401 CA 95.00 01-Aug-2004 228,~~000~~.00~~% ~~228,000.00~~Current ~~Group~~Principal 2Balance ~~0003130874 CA 80.00 01-Oct-2004 300~~191,~~000~~901.~~00 299,797.~~94 ~~Group 2 0003130910 CA 80.00 01~~Mar-~~Sep-2004~~05 ~~199,200~~0.~~00 199,192.50 Group 2 0003131018 CA 80.00 01-Oct-2004 244,~~000~~.00~~% ~~244,000.00 Group 2 0003250256 WA 80.00 01~~Apr-~~Aug-2004~~05 ~~144,000~~0.~~00 143,979.23 Group 2 0003250366 WA 76.79 01-Sep-2004 129,~~000~~.00~~% ~~127,488.33~~Current ~~Group~~Bankruptcy 2Total ~~0003250642 WA 80.00 01~~May-~~Sep-2004~~05 ~~244,000~~0.~~00 240,933.08 Group 2 0003250649 WA 80.00 01-Sep-2004 236,~~000~~.00~~% ~~235,989.95~~Loans ~~Group~~in 2Bankruptcy ~~0003251021~~4 ~~WA 80.00 01~~Jun-~~Oct-2004~~05 ~~209,600~~0.00112% ~~209,600.00~~Original ~~Group~~Principal 2Balance ~~0003366458 CA 80.00 01-Sep-2004 192,084.00 192,084.00 Group 2 0003366752 CA 80.00 01-Sep-2004~~ 284,000.00 ~~284,000.00 Group 2 0003367152 CA 72.92 01~~Jul-~~Oct-2004~~05 ~~412,000~~0.00116% ~~412,000.00~~Current ~~Group~~Principal 2Balance ~~0003548396 CA 80.00 01-Sep-2004 240~~281,~~000~~537.0082 ~~240,000.00 Group 2 0003548848 CA 79.96 01~~Aug-~~Sep-2004~~05 ~~183,500~~0.00302% ~~183,500.00 Group 2 0003548936 CA 80.00 01-~~Sep-~~2004~~05 ~~332,000~~0.00323% ~~332,000.00 Group 2 0003549026 CA 55.61 01~~Oct-~~Sep-2004~~05 ~~228,000~~0.00343% ~~228,000.00 Group 2 0003549174 CA 80.00 01~~Nov-~~Sep-2004~~05 ~~284,000~~0.00217% ~~284,000.00 Group 2 0003549177 CA 80.00 01~~Dec-~~Sep-2004~~05 ~~279,200~~0.00713% ~~279,199.60~~*The ~~Group~~text 2reported ~~0003549242~~in CAthe ~~80.00~~above ~~01-Sep-2004~~table ~~136,000.00~~is ~~134,806.34~~presented ~~Group~~graphically 2on ~~0003549573~~the CAmonthly ~~80.00~~bond ~~01-Oct-2004~~remittance ~~135,120~~report.00 ~~134,983.21~~The ~~Group~~monthly 2bond ~~0003549591~~remittance CAreport ~~80.00~~can ~~01-Oct-2004~~be ~~184,800.00~~viewed ~~184,800.00~~online ~~Group~~at ~~2 0003799641 CA 80~~www.~~00 01-Sep-2004 377,600~~ctslink.~~00 377,600~~com.00 Group 2 ~~0003799720~~12 CAMonth ~~90.00~~Bankruptcy ~~01-Sep-2004~~History* ~~202,500.00~~New ~~202,500.00~~Bankruptcy ~~Group~~Loans 2Month ~~0003799841~~Bankruptcy CAPercentage ~~67.00~~Loans ~~01-Sep-2004~~in ~~90,450.00~~Bankruptcy ~~89,259.28~~1 ~~Group 2 0003856627 CA 80.00 01~~Jan-~~Sep-2004~~05 ~~217,600~~0.00000% ~~217,600.00~~Original ~~Group~~Principal 2Balance ~~0003856807 CA 85.00 01-Sep-2004 289~~188,000.00 ~~284,452.93 Group 2 0003856869 CA 80.00 01~~Feb-~~Sep-2004~~05 ~~278,400~~0.00000% ~~278,400.00~~Current ~~Group~~Principal 2Balance ~~0003856916 CA 79.98 01-Sep-2004 391~~188,~~900~~000.00 ~~391,900.00 Group 2 0003856927 CA 75.00 01~~Mar-~~Sep-2004~~05 ~~541,500~~0.~~00 536,321.97 Group 2 0003857110 CA 80.00 01-Oct-2004 308,~~000~~.00~~% ~~304,926.94 Group 2 0003857463 CA 52.08 01~~Apr-~~Oct-2004~~05 ~~500,000~~0.~~00 493,980.40 Group 2 0003857573 CA 80.00 01-Oct-2004 220,~~000~~.00~~% ~~219,657.20~~Current ~~Group~~Bankruptcy 2Total ~~0003857587 CA 77.42 01~~May-~~Oct-2004~~05 ~~360,000~~0.00148% ~~360,000.00~~Loans ~~Group~~in 2Bankruptcy ~~0004111393~~3 ~~GA 89.05 01-~~Jun-~~2004~~05 ~~329,500~~0.00151% ~~329,500.00~~Original ~~Group~~Principal 2Balance ~~0004111946 GA 80.00 01-Sep-2004 375~~452,~~200~~000.00 ~~370,483.94 Group 2 0004311831 OR 75.00 01~~Jul-~~Sep-2004~~05 ~~111,750~~0.00155% ~~110,530.23~~Current ~~Group~~Principal 2Balance ~~0004451282 CO 80.00 01-Sep-2004 107~~450,~~600~~548.0099 ~~107,600.00 Group 2 0004600285 AZ 79.97 01-Sep-2004 127,950.00 127,950.00 Group 2 0004600330 AZ 79.98 01-~~Aug-~~2004~~05 ~~92,700~~0.00161% ~~92,700.00 Group 2 0004600425 AZ 80.00 01-~~Sep-~~2004~~05 ~~159,600~~0.00170% ~~159,600.00 Group 2 0004600441 AZ 80.00 01~~Oct-~~Sep-2004~~05 ~~402,400~~0.00179% ~~402,400.00 Group 2 0004600502 AZ 80.00 01~~Nov-~~Sep-2004~~05 ~~160,000~~0.00107% ~~159,650.52 Group 2 0004600537 AZ 80.00 01~~Dec-~~Sep-2004~~05 ~~100,000~~0.00191% ~~100,000.00~~*The ~~Group~~text 2reported ~~0004600540~~in AZthe ~~80.00~~above ~~01-Sep-2004~~table ~~128,000.00~~is ~~127,999.99~~presented ~~Group~~graphically 2on ~~0004600618~~the AZmonthly ~~80.00~~bond ~~01-Sep-2004~~remittance ~~190,400~~report.00 ~~188,465.84~~The ~~Group~~monthly 2bond ~~0004600744~~remittance AZreport ~~80.00~~can ~~01-Oct-2004~~be ~~132,000.00~~viewed ~~131,984.07~~online ~~Group~~at ~~2 0004600814 AZ 79~~www.~~98 01-Oct-2004 103,900~~ctslink.~~00 103,900~~com.00

~~Prepayment~~Bankruptcy ~~Loan~~ Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current~~Loans ~~Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0003130911 Loan Paid~~ in ~~Full~~Bankruptcy 0during ~~10.875%~~Current ~~180~~Period 11 Group ~~1 0003250643~~ Loan ~~Paid~~Month ~~in Full 0 8.750% 180 11 Group 1 0003250650~~ Loan ~~Paid~~First inState ~~Full~~LTV 0at ~~8.625%~~Original ~~360~~Number 11Entered ~~Group~~Payment 1Origination ~~0003251022~~Principal ~~Loan~~Bankruptcy ~~Paid~~Date inBalance ~~Full 0 9.500% 360 10~~ Group 1 ~~0003366459~~0004112084 ~~Loan~~Dec-2005 ~~Paid~~01-Sep-2004 inTN ~~Full 0 11~~80.~~375%~~00 ~~360 11 Group 1 0003366753 Loan Paid in Full 0 10~~129,600.~~625%~~00 ~~360 11~~ Group 1 ~~0003548397~~0004112085 ~~Loan~~Dec-2005 ~~Paid~~01-Sep-2004 inTN ~~Full 0 9~~20.~~250%~~00 ~~360 11 Group 1 0003548849 Loan Paid in Full 0 9~~32,400.~~750%~~00 ~~360 11~~ Group 1 ~~0003548930~~0004112358 ~~Loan~~Aug-2005 ~~Paid~~01-Oct-2004 inTN ~~Full 0 8~~100.~~000%~~00 360 11 Group 1 0003549175 Loan Paid in Full 0 9.250% 360 11 Group 1 0003549178 Loan Paid in Full 0 9.375% 360 11 Group 1 0003549231 Loan Paid in Full 0 11.500% 360 11 Group 1 0003549297 Loan Paid in Full 0 11.125% 360 11 Group 1 0003549332 Loan Paid in Full 0 11.125% 180 11 Group 1 0003549345 Loan Paid in Full 0 8.990% 360 10 Group 1 0003799257 Loan Paid in Full 0 8.90,000~~% 180 13 Group 1 0003799642 Loan Paid in Full 0 8~~.~~125%~~00 ~~360 11~~ Group 1 ~~0003799836~~0004312022 ~~Loan~~Dec-2005 ~~Paid~~01-Sep-2004 inOR ~~Full 0 11~~20.~~500%~~00 180 11 Group 1 0003856628 Loan Paid in Full 0 10.700% 360 11 Group 1 0003856870 Loan Paid in Full 0 8.750% 180 11 Group 1 0003856917 Loan Paid in Full 2 10.250% 180 11 Group 1 0004311190 Loan Paid in Full 0 9.250% 180 13 Group 1 0004311535 Loan Paid in Full 0 9.32,000~~% 360 11 Group 1 0004311832 Loan Paid in Full 0 10~~.~~000%~~00 ~~180 11~~ Group 1 0004311962 Loan Paid in Full 0 8.375% 360 11 Group 1 0004451283 Loan Paid in Full 0 10.000% 360 11 Group 1 0004451534 Loan Paid in Full 0 10.375% 360 10 Group 1 0004600286 Loan Paid in Full 0 10.875% 360 11 Group 1 0004600331 Loan Paid in Full 0 8.875% 180 12 Group 1 0004600350 Loan Paid in Full (1) 8.000% 360 11 Group 1 0004600426 Loan Paid in Full (1) 8.500% 180 11 Group 1 0004600442 Loan Paid in Full 0 11.750% 180 11 Group 1 0004600538 Loan Paid in Full 0 9.250% 180 11 Group 1 0004600541 Loan Paid in Full 0 8.250% 360 11 Group 1 0004600619 Loan Paid in Full 0 11.375% 180 11 Group 1 0004600745 Loan Paid in Full 0 10.125% 180 10 Group 1 0004700011 Loan Paid in Full 0 9.125% 360 11 Group 1 0041112047 Loan Paid in Full (1) 10.000% 180 11 Group 2 ~~0003130401~~0003250908 ~~Loan~~Nov-2005 ~~Paid~~01-Oct-2004 inWA ~~Full 0 7~~80.~~250%~~00 360 12 Group 2 0003130874 Loan Paid in Full 0 7.250% 360 10 Group 2 0003130910 Loan Paid in Full 0 5.875% 360 11 Group 2 0003131018 Loan Paid in Full 0 5.750% 360 10 Group 2 0003250256 Loan Paid in Full 0 6.125% 360 12 Group 2 0003250366 Loan Paid in Full 0 6.250% 360 11 Group 2 0003250642 Loan Paid in Full 0 5.875% 360 11 Group 2 0003250649 Loan Paid in Full 0 5.625% 360 11 Group 2 0003251021 Loan Paid in Full 0 6.500% 360 10 Group 2 0003366458 Loan Paid in Full 0 6.750% 360 11 Group 2 0003366752 Loan Paid in Full 0 7.375% 360 11 Group 2 0003367152 Loan Paid in Full 0 6.250% 360 10 Group 2 0003548396 Loan Paid in Full 0 5.875% 360 11 Group 2 0003548848 Loan Paid in Full 0 7.375% 360 11 Group 2 0003548936 Loan Paid in Full 0 6.625% 360 11 Group 2 0003549026 Loan Paid in Full 0 6.500% 360 11 Group 2 0003549174 Loan Paid in Full 0 6.136,000~~% 360 11 Group 2 0003549177 Loan Paid in Full 0 6~~.~~875%~~00 ~~360 11~~ Group 2 ~~0003549242~~0004312021 ~~Loan~~Nov-2005 ~~Paid~~01-Sep-2004 inOR ~~Full 0 7~~80.~~750%~~00 ~~360 11 Group 2 0003549573 Loan Paid in Full (1) 6.~~128,000~~% 360 10 Group 2 0003549591 Loan Paid in Full 0 6~~.~~375%~~00 ~~360 10~~ Group 2 ~~0003799641~~0004450975 ~~Loan~~Dec-2005 ~~Paid~~01-Sep-2004 inCO ~~Full 0 6~~80.~~375%~~00 360 11 Group 2 0003799720 Loan Paid in Full 0 7.375% 360 11 Group 2 0003799841 Loan Paid in Full 0 5.625% 360 11 Group 2 0003856627 Loan Paid in Full 0 6.250% 360 11 Group 2 0003856807 Loan Paid in Full 0 7.125% 360 11 Group 2 0003856869 Loan Paid in Full 0 5.750% 360 11 Group 2 0003856916 Loan Paid in Full 2 6.500% 360 11 Group 2 0003856927 Loan Paid in Full (1) 7.500% 360 11 Group 2 0003857110 Loan Paid in Full (1) 6.625% 360 10 Group 2 0003857463 Loan Paid in Full 0 5.625% 360 10 Group 2 0003857573 Loan Paid in Full (1) 6.500% 360 10 Group 2 0003857587 Loan Paid in Full 0 6.875% 360 10 Group 2 0004111393 Loan Paid in Full 0 6.875% 360 14 Group 2 0004111946 Loan Paid in Full (1) 5.875% 360 11 Group 2 0004311831 Loan Paid in Full 0 6.625% 360 11 Group 2 0004451282 Loan Paid in Full 0 7.375% 360 11 Group 2 0004600285 Loan Paid in Full 0 6.625% 360 11 Group 2 0004600330 Loan Paid in Full 0 6.125% 360 12 Group 2 0004600425 Loan Paid in Full (1) 5.500% 360 11 Group 2 0004600441 Loan Paid in Full 0 6.250% 360 11 Group 2 0004600502 Loan Paid in Full 0 7.250% 360 11 Group 2 0004600537 Loan Paid in Full 0 6.750% 360 11 Group 2 0004600540 Loan Paid in Full 0 6.125% 360 11 Group 2 0004600618 Loan Paid in Full 0 7.188,000~~% 360 11 Group 2 0004600744 Loan Paid in Full 0 6~~.~~875% 360 10 Group 2 0004600814 Loan Paid in Full 0 6.000% 360 10~~00

~~Summary~~Bankruptcy ~~SMM~~Detail ~~CPR~~- ~~PSA~~All ~~Current~~Mortgage ~~Month~~Loans ~~3.710%~~in ~~Current~~Bankruptcy ~~Month~~during ~~36.469%~~ Current ~~Month~~Period ~~1,687.859%~~(continued) 3Group ~~Month~~Loan ~~Average 2.882% 3 Month Average 29.422% 3 Month Average 1,490.515% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR:~~ Current vsPaid ~~12mo~~To Average*Months ~~PSA:~~ Current vsApproximate ~~12mo~~Number Average*Principal ~~Month~~Date ~~Current~~Delinquent ~~12mo~~Loan ~~Avg.~~Rate ~~Month~~Delinquent ~~Current~~Balance ~~12mo~~Interest ~~Avg.~~Group Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 6.235% N/A Feb-2005 647.357% N/A Mar-2005 13.414% N/A Mar-2005 1~~,153.475%~~ ~~N/A~~0004112084 ~~Apr-2005 19.239% N/A Apr-2005 1~~128,~~411~~125.~~470%~~66 ~~N/A May~~01-~~2005 23.779% N/A May~~Sep-2005 1~~,522.375%~~ ~~N/A Jun-2005 24~~6.~~726~~990% ~~N/A Jun-2005 1~~2,~~403~~076.~~386%~~96 N/A Jul-2005 27.071% N/A Jul-2005 1,380.301% N/A Aug-2005 36.469% N/A Aug-2005 1,687.859% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 ~~SMM~~0004112085 ~~CPR PSA Current Month 3.824% Current Month 37.365% Current Month 1~~32,~~720~~038.~~126%~~04 3 Month Average 3.430% 3 Month Average 34.183% 3 Month Average 1,735.324% 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. Sep01-~~2004 N/A N/A~~ Sep-~~2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-~~2005 ~~N/A~~1 ~~N/A Jan-2005 N/A N/A Feb-2005~~ 7.~~338~~990% ~~N/A Feb-2005 752~~599.~~219%~~46 ~~N/A~~Group ~~Mar-2005 21.430% N/A Mar-2005~~ 1~~,823.915%~~ ~~N/A~~0004112358 ~~Apr-2005 19.405% N/A Apr-2005 1~~89,~~410~~635.~~849%~~88 ~~N/A May~~01-~~2005 22.190% N/A~~ May-2005 ~~1,408.721%~~5 ~~N/A Jun-2005 32~~9.~~253~~500% ~~N/A Jun-2005 1~~4,~~817~~698.~~231%~~35 ~~N/A~~Group ~~Jul-2005~~1 ~~32.929%~~0004312022 ~~N/A Jul-2005 1~~31,~~668~~738.~~615%~~24 ~~N/A Aug~~01-~~2005 37.365% N/A~~ Aug-2005 1,720.126% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 ~~SMM CPR PSA Current Month 3~~8.~~690~~990% ~~Current Month 36~~897.~~314%~~36 ~~Current~~Group ~~Month 1,682.236% 3 Month Average~~ 2~~.787%~~ 30003250908 ~~Month Average 28.553% 3 Month Average 1~~136,~~445.347% 12 Month Average 0.~~000~~% 12 Month Average 0~~.~~000%~~00 ~~12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep~~01-~~2004 N/A N/A Sep-2004 N/A N/A~~ Oct-~~2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-~~2005 ~~N/A~~0 ~~N/A Jan-2005 N/A N/A Feb-2005~~ 6.~~039~~500% ~~N/A Feb-2005 628.434% N/A Mar-2005 11.925% N/A Mar-2005~~ 1,~~027~~360.~~330%~~00 ~~N/A~~Group ~~Apr-2005~~2 ~~19.209%~~0004312021 ~~N/A Apr-2005 1~~126,~~411~~548.~~577%~~99 ~~N/A May~~01-~~2005 24.053% N/A May~~Jul-2005 ~~1,542.208%~~3 ~~N/A Jun-2005 23~~5.~~335~~990% ~~N/A Jun-2005 1~~2,~~326~~888.~~096%~~61 ~~N/A~~Group ~~Jul-2005~~2 ~~26.011%~~0004450975 ~~N/A Jul-2005 1~~188,~~327~~000.~~709%~~00 ~~N/A Aug~~01-~~2005 36.314% N/A Aug~~Mar-2005 ~~1,682~~7 6.~~236~~500% 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(308,~~WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))~~460.00

Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Group 1 02 038,927.0024 0101,157.0047 0.~~000~~256% Group 2 01 0.00 015,022.0024 0.~~000~~006% Total 03 038,927.0024 0116,179.0071 0.~~000~~042%

Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term NoGroup ~~losses~~1 ~~this~~0003130668 ~~period~~56,400.00 9.375% CA 20.00 180 Group 1 0004451430 39,000.00 10.875% CO 20.00 360 Group 2 0003130667 225,600.00 6.990% CA 80.00 360

Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) NoGroup ~~losses~~1 ~~this~~0003130668 ~~period~~0.00 58,232.32 58,232.32 Group 1 0004451430 38,927.24 42,925.15 42,925.15 Group 2 0003130667 0.00 15,022.24 15,022.24

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.~~000~~047% Current Month 01.~~000~~881% 3 Month Average 0.~~007~~016% 3 Month Average 0.~~445~~627% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 0.~~000~~013% N/A ~~Feb~~Jun-2005 0.~~000~~913% N/A ~~Mar~~Jul-2005 0.~~000~~007% N/A ~~Mar~~Jul-2005 0.~~000~~423% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.~~013~~000% N/A ~~Jun~~Oct-2005 0.~~913~~000% N/A ~~Jul~~Nov-2005 0.~~007~~000% N/A ~~Jul~~Nov-2005 0.~~423~~000% N/A ~~Aug~~Dec-2005 0.~~000~~047% N/A ~~Aug~~Dec-2005 01.~~000~~881% 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~~557% Current Month 0110.~~000~~713% 3 Month Average 0.~~081~~186% 3 Month Average 5936.~~681~~904% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 0.~~000~~161% N/A ~~Feb~~Jun-2005 073.~~000~~045% N/A ~~Mar~~Jul-2005 0.~~000~~083% N/A ~~Mar~~Jul-2005 0105.~~000~~997% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.~~161~~000% N/A ~~Jun~~Oct-2005 730.~~045~~000% N/A ~~Jul~~Nov-2005 0.~~083~~000% N/A ~~Jul~~Nov-2005 ~~105~~0.~~997~~000% N/A ~~Aug~~Dec-2005 0.~~000~~557% N/A ~~Aug~~Dec-2005 0110.~~000~~713% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.~~000~~094% Current Month 03.~~000~~762% 3 Month Average 0.~~046~~031% 3 Month Average 21.~~970~~254% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 0.~~000~~090% N/A ~~Feb~~Jun-2005 06.~~000~~068% N/A ~~Mar~~Jul-2005 0.~~000~~047% N/A ~~Mar~~Jul-2005 02.~~000~~842% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.~~090~~000% N/A ~~Jun~~Oct-2005 60.~~068~~000% N/A ~~Jul~~Nov-2005 0.~~047~~000% N/A ~~Jul~~Nov-2005 20.~~842~~000% N/A ~~Aug~~Dec-2005 0.~~000~~094% N/A ~~Aug~~Dec-2005 03.~~000~~762% 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 01.~~000~~119% Current Month 0110.~~000~~713% 3 Month Average 0.~~546~~373% 3 Month Average 5936.~~681~~904% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 01.~~000~~077% N/A ~~Feb~~Jun-2005 073.~~000~~045% N/A ~~Mar~~Jul-2005 0.~~000~~561% N/A ~~Mar~~Jul-2005 0105.~~000~~997% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 10.~~077~~000% N/A ~~Jun~~Oct-2005 730.~~045~~000% N/A ~~Jul~~Nov-2005 0.~~561~~000% N/A ~~Jul~~Nov-2005 ~~105~~0.~~997~~000% N/A ~~Aug~~Dec-2005 01.~~000~~119% N/A ~~Aug~~Dec-2005 0110.~~000~~713% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.~~000~~039% Current Month 01.~~000~~562% 3 Month Average 0.~~000~~013% 3 Month Average 0.~~000~~521% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 0.000% N/A ~~Feb~~Jun-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.~~000~~039% N/A ~~Aug~~Dec-2005 01.~~000~~562% 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~~462% Current Month 0.000% 3 Month Average 0.~~000~~154% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 0.000% N/A ~~Feb~~Jun-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.~~000~~462% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Prepayment - Voluntary Prepayments

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS, INC. OWNIT 2005-1