8-K 1 sam05ar2_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 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2005-AR2 (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-10 Pooling and Servicing Agreement) (Commission 54-2175606 (State or other File Number) 54-2175607 jurisdiction 54-2175608 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 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2005-AR2 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-AR2 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. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2005-AR2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR2 Trust, relating to the December 27, 2005 distribution. EX-99.1 Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Series SAM 2005-AR2 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

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Series SAM 2005-AR2 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~~ I-A-1 86359LHX0 ~~SEN 3~~4.~~69000~~42375% ~~213~~197,~~541~~152,~~763~~453.0249 ~~678~~726,~~528~~794.9531 I-A-2 86359LHY8 ~~SEN 3~~4.~~76000~~49375% 3734,~~683~~791,~~812~~583.3037 ~~122~~130,~~011~~287.8123 I-X 86359LHZ5 ~~SEN~~ 1.~~64475~~84913% 0.00 ~~344~~357,~~336~~412.4309 II-A-1 86359LJA8 ~~SEN 3~~4.~~69000~~42375% ~~223~~205,~~485~~998,~~957~~179.8157 ~~710~~759,~~126~~403.6371 II-A-2 86359LJB6 ~~SEN 3~~4.~~74000~~47375% 9385,~~119~~832,~~059~~492.6639 ~~299~~319,~~895~~994.1026 II-A-3 86359LJC4 ~~SEN 3~~4.~~78000~~51375% 5551,~~871~~499,~~416~~477.2845 ~~181~~193,~~861~~713.4614 II-X 86359LJD2 ~~SEN~~ 1.~~33496~~28038% 0.00 ~~414~~366,~~367~~328.8070 III-A-1 86359LJE0 ~~SEN~~ 5.~~46497~~79234% 9986,~~689~~977,~~101~~347.2128 ~~453~~419,~~998~~835.3662 III-A-2 86359LJF7 ~~SEN~~ 5.~~46497~~79234% 4,~~757~~151,~~894~~196.7264 2120,~~668~~037.1363 M-1 86359LJS9 ~~SUB 3~~4.~~91000~~64375% 10,~~625~~624,~~825~~073.3744 3541,~~776~~112.5695 M-2 86359LJT7 ~~SUB 3~~4.~~94000~~67375% 9,~~399~~398,~~930~~380.0726 3136,~~891~~604.8773 M-3 86359LJU4 ~~SUB 3~~4.~~96000~~69375% 5,~~721~~720,~~744~~801.3700 1922,~~511~~376.1567 M-4 86359LJV2 ~~SUB~~ 4.~~14000~~87375% 6,~~947~~946,~~739~~594.6313 2428,~~768~~213.6930 M-5 86359LJW0 ~~SUB~~ 4.~~20000~~93375% 3,269,~~553~~014.9387 1113,~~824~~440.8942 M-6 86359LJX8 ~~SUB~~ 4.~~22000~~95375% 3,269,~~553~~014.9387 1113,~~881~~494.2090 M-7 86359LJY6 ~~SUB 4~~5.~~71000~~44375% 3,269,~~553~~014.9387 1314,~~260~~829.7775 B-1 86359LJL4 ~~SUB 4~~5.~~81000~~54375% 4,086,~~917~~243.4360 1618,~~927~~877.7859 B-2 86359LJM2 ~~SUB~~ 5.~~16000~~89375% 1,634,~~826~~557.9540 78,~~264~~028.0806 B-3 86359LJN0 ~~SUB~~ 5.~~21000~~94375% 2,~~452~~451,~~090~~686.4819 1112,~~001~~143.0351 B-4 86359LJP5 ~~SUB~~ 5.~~26000~~99375% 4,~~495~~494,~~649~~907.1593 2022,~~362~~451.7913 B-5 86359LJQ3 ~~SUB~~ 5.~~26000~~99375% 4,~~904~~903,~~280~~472.9233 2224,~~213~~491.6782 B-6 86359LJR1 ~~SUB~~ 5.~~26000~~99375% 3,~~678~~677,~~324~~718.2404 1618,~~660~~369.7744 M-X 86359LJG5 ~~SUB~~ 0.~~73909~~77838% 0.00 3940,~~267~~642.6152 R-I 86359LJH3 ~~RES~~ 0.00000% 0.00 0.00 R-II 86359LJJ9 ~~RES~~ 0.00000% 0.00 0.00 R-III 86359LJK6 ~~RES~~ 0.00000% 0.00 0.1100 Totals ~~791~~730,~~904~~148,~~995~~209.4012 3,~~509~~608,~~407~~883.6448

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses I-A-1 45,~~045~~982,~~499~~012.9957 0.00 ~~209~~191,~~496~~170,~~263~~440.0392 46,~~724~~708,~~028~~806.9488 0.00 I-A-2 ~~713~~1,~~911~~055,648.2349 0.00 3633,~~969~~735,~~901~~934.0788 ~~835~~1,~~923~~185,935.0472 0.00 I-X 0.00 0.00 0.00 ~~344~~357,~~336~~412.4309 0.00 II-A-1 46,~~238~~603,~~498~~496.6642 0.00 ~~219~~199,~~247~~394,~~459~~683.1415 47,~~948~~362,~~625~~900.2913 0.00 II-A-2 12,~~766~~751,~~039~~454.4120 0.00 9183,~~353~~081,~~020~~038.2419 23,~~065~~071,~~934~~448.5146 0.00 II-A-3 1,~~059~~650,~~623~~871.2894 0.00 5449,~~811~~848,~~793~~605.0051 1,~~241~~844,~~484~~585.7408 0.00 II-X 0.00 0.00 0.00 ~~414~~366,~~367~~328.8070 0.00 III-A-1 3,~~816~~797,~~116~~684.4059 0.00 9583,~~872~~179,~~984~~662.8169 4,~~270~~217,~~114~~520.7621 0.00 III-A-2 ~~182~~181,~~133~~253.0535 0.00 43,~~575~~969,~~761~~943.6729 ~~203~~201,~~801~~290.1898 0.00 M-1 ~~527~~391.5748 0.00 10,~~625~~623,~~297~~681.8096 3641,~~304~~504.1343 0.00 M-2 ~~466~~346.7032 0.00 9,~~399~~398,~~463~~033.3794 3236,~~358~~951.5705 0.00 M-3 ~~284~~210.0880 0.00 5,~~721~~720,~~460~~590.2920 1922,~~795~~587.2347 0.00 M-4 ~~344~~255.9597 0.00 6,~~947~~946,~~394~~338.6815 2528,~~113~~469.6427 0.00 M-5 ~~162~~120.3346 0.00 3,~~269~~268,~~391~~894.6041 1113,~~987~~560.2288 0.00 M-6 ~~162~~120.3346 0.00 3,~~269~~268,~~391~~894.6041 1213,~~043~~615.5336 0.00 M-7 ~~162~~120.3346 0.00 3,~~269~~268,~~391~~894.6041 1314,~~423~~950.1021 0.00 B-1 ~~202~~150.9157 0.00 4,086,~~714~~093.5102 1719,~~130~~028.6916 0.00 B-2 8160.1723 0.00 1,634,~~745~~497.7817 78,~~345~~088.2529 0.00 B-3 ~~121~~90.7434 0.00 2,451,~~968~~595.7385 1112,~~122~~233.7785 0.00 B-4 ~~223~~165.2163 0.00 4,~~495~~494,~~425~~742.9430 2022,~~586~~616.0076 0.00 B-5 ~~243~~180.4969 0.00 4,~~904~~903,~~037~~291.4264 2224,~~457~~672.1651 0.00 B-6 ~~182~~135.6344 0.00 3,~~678~~677,~~141~~582.6260 1618,~~843~~504.4088 0.00 M-X 0.00 0.00 0.00 3940,~~267~~642.6152 0.00 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.1100 0.00 Totals 1522,~~824~~024,~~987~~770.4641 0.00 ~~776~~708,~~080~~123,~~007~~438.9069 1925,~~334~~633,~~395~~653.1089 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ I-A-1 222,439,500.00 ~~213~~197,~~541~~152,~~763~~453.0249 0.00 45,~~045~~982,~~499~~012.9957 0.00 0.00 I-A-2 39,254,000.00 3734,~~683~~791,~~812~~583.3037 0.00 ~~713~~1,~~911~~055,648.2349 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 229,078,300.00 ~~223~~205,~~485~~998,~~957~~179.8157 0.00 46,~~238~~603,~~498~~496.6642 0.00 0.00 II-A-2 95,449,200.00 9385,~~119~~832,~~059~~492.6639 0.00 12,~~766~~751,~~039~~454.4120 0.00 0.00 II-A-3 57,269,500.00 5551,~~871~~499,~~416~~477.2845 0.00 1,~~059~~650,~~623~~871.2894 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 105,411,300.00 9986,~~689~~977,~~101~~347.2128 0.00 3,~~816~~797,~~116~~684.4059 0.00 0.00 III-A-2 5,031,000.00 4,~~757~~151,~~894~~196.7264 0.00 ~~182~~181,~~133~~253.0535 0.00 0.00 M-1 10,630,200.00 10,~~625~~624,~~825~~073.3744 ~~527~~391.5748 0.00 0.00 0.00 M-2 9,403,800.00 9,~~399~~398,~~930~~380.0726 ~~466~~346.7032 0.00 0.00 0.00 M-3 5,724,100.00 5,~~721~~720,~~744~~801.3700 ~~284~~210.0880 0.00 0.00 0.00 M-4 6,950,600.00 6,~~947~~946,~~739~~594.6313 ~~344~~255.9597 0.00 0.00 0.00 M-5 3,270,900.00 3,269,~~553~~014.9387 ~~162~~120.3346 0.00 0.00 0.00 M-6 3,270,900.00 3,269,~~553~~014.9387 ~~162~~120.3346 0.00 0.00 0.00 M-7 3,270,900.00 3,269,~~553~~014.9387 ~~162~~120.3346 0.00 0.00 0.00 B-1 4,088,600.00 4,086,~~917~~243.4360 ~~202~~150.9157 0.00 0.00 0.00 B-2 1,635,500.00 1,634,~~826~~557.9540 8160.1723 0.00 0.00 0.00 B-3 2,453,100.00 2,~~452~~451,~~090~~686.4819 ~~121~~90.7434 0.00 0.00 0.00 B-4 4,497,500.00 4,~~495~~494,~~649~~907.1593 ~~223~~165.2163 0.00 0.00 0.00 B-5 4,906,300.00 4,~~904~~903,~~280~~472.9233 ~~243~~180.4969 0.00 0.00 0.00 B-6 3,679,838.60 3,~~678~~677,~~324~~718.2404 ~~182~~135.6344 0.00 0.00 0.00 M-X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 Totals 817,715,188.60 ~~791~~730,~~904~~148,~~995~~209.4012 32,~~165~~348.4485 1522,~~821~~022,~~822~~421.0256 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 I-A-1 45,~~045~~982,~~499~~012.9957 ~~209~~191,~~496~~170,~~263~~440.0392 0.~~94181233~~859427 45,~~045~~982,~~499~~012.9957 I-A-2 ~~713~~1,~~911~~055,648.2349 3633,~~969~~735,~~901~~934.0788 0.~~94181233~~859427 ~~713~~1,~~911~~055,648.2349 I-X 0.00 0.00 0.~~00000000~~000000 0.00 II-A-1 46,~~238~~603,~~498~~496.6642 ~~219~~199,~~247~~394,~~459~~683.1415 0.~~95708524~~870422 46,~~238~~603,~~498~~496.6642 II-A-2 12,~~766~~751,~~039~~454.4120 9183,~~353~~081,~~020~~038.2419 0.~~95708524~~870422 12,~~766~~751,~~039~~454.4120 II-A-3 1,~~059~~650,~~623~~871.2894 5449,~~811~~848,~~793~~605.0051 0.~~95708524~~870422 1,~~059~~650,~~623~~871.2894 II-X 0.00 0.00 0.~~00000000~~000000 0.00 III-A-1 3,~~816~~797,~~116~~684.4059 9583,~~872~~179,~~984~~662.8169 0.~~90951335~~789096 3,~~816~~797,~~116~~684.4059 III-A-2 ~~182~~181,~~133~~253.0535 43,~~575~~969,~~761~~943.6729 0.~~90951335~~789096 ~~182~~181,~~133~~253.0535 M-1 ~~527~~391.5748 10,~~625~~623,~~297~~681.8096 0.~~99953884~~999387 ~~527~~391.5748 M-2 ~~466~~346.7032 9,~~399~~398,~~463~~033.3794 0.~~99953884~~999387 ~~466~~346.7032 M-3 ~~284~~210.0880 5,~~721~~720,~~460~~590.2920 0.~~99953884~~999387 ~~284~~210.0880 M-4 ~~344~~255.9597 6,~~947~~946,~~394~~338.6815 0.~~99953884~~999387 ~~344~~255.9597 M-5 ~~162~~120.3346 3,~~269~~268,~~391~~894.6041 0.~~99953884~~999387 ~~162~~120.3346 M-6 ~~162~~120.3346 3,~~269~~268,~~391~~894.6041 0.~~99953884~~999387 ~~162~~120.3346 M-7 ~~162~~120.3346 3,~~269~~268,~~391~~894.6041 0.~~99953884~~999387 ~~162~~120.3346 B-1 ~~202~~150.9157 4,086,~~714~~093.5102 0.~~99953884~~999387 ~~202~~150.9157 B-2 8160.1723 1,634,~~745~~497.7817 0.~~99953884~~999387 8160.1723 B-3 ~~121~~90.7434 2,451,~~968~~595.7385 0.~~99953884~~999387 ~~121~~90.7434 B-4 ~~223~~165.2163 4,~~495~~494,~~425~~742.9430 0.~~99953884~~999387 ~~223~~165.2163 B-5 ~~243~~180.4969 4,~~904~~903,~~037~~291.4264 0.~~99953884~~999387 ~~243~~180.4969 B-6 ~~182~~135.6344 3,~~678~~677,~~141~~582.6260 0.~~99953884~~999387 ~~182~~135.6344 M-X 0.00 0.00 0.~~00000000~~000000 0.00 R-I 0.00 0.00 0.~~00000000~~000000 0.00 R-II 0.00 0.00 0.~~00000000~~000000 0.00 R-III 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1522,~~824~~024,~~987~~770.4641 ~~776~~708,~~080~~123,~~007~~438.9069 0.~~94908352~~865978 1522,~~824~~024,~~987~~770.4641

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ I-A-1 222,439,500.00 ~~959~~886.~~99929428~~319442 0.~~00000000~~000000 1826.~~18696765~~892762 0.~~00000000~~000000 I-A-2 39,254,000.00 ~~959~~886.~~99929434~~319442 0.~~00000000~~000000 1826.~~18696770~~892762 0.~~00000000~~000000 I-X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-A-1 229,078,300.00 ~~975~~899.~~58763886~~247897 0.~~00000000~~000000 1828.~~50240141~~826373 0.~~00000000~~000000 II-A-2 95,449,200.00 ~~975~~899.~~58763887~~247897 0.~~00000000~~000000 1828.~~50240138~~826373 0.~~00000000~~000000 II-A-3 57,269,500.00 ~~975~~899.~~58763880~~247897 0.~~00000000~~000000 1828.~~50240145~~826373 0.~~00000000~~000000 II-X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 III-A-1 105,411,300.00 ~~945~~825.~~71550877~~123562 0.~~00000000~~000000 36.~~20215669~~027301 0.~~00000000~~000000 III-A-2 5,031,000.00 ~~945~~825.~~71550785~~123562 0.~~00000000~~000000 36.~~20215663~~027301 0.~~00000000~~000000 M-1 10,630,200.00 999.~~58847152~~423665 0.~~04962936~~036827 0.~~00000000~~000000 0.~~00000000~~000000 M-2 9,403,800.00 999.~~58847168~~423665 0.~~04962887~~036828 0.~~00000000~~000000 0.~~00000000~~000000 M-3 5,724,100.00 999.~~58847155~~423665 0.~~04962876~~036827 0.~~00000000~~000000 0.~~00000000~~000000 M-4 6,950,600.00 999.~~58847150~~423666 0.~~04962881~~036827 0.~~00000000~~000000 0.~~00000000~~000000 M-5 3,270,900.00 999.~~58847106~~423666 0.~~04962854~~036828 0.~~00000000~~000000 0.~~00000000~~000000 M-6 3,270,900.00 999.~~58847106~~423666 0.~~04962854~~036828 0.~~00000000~~000000 0.~~00000000~~000000 M-7 3,270,900.00 999.~~58847106~~423666 0.~~04962854~~036828 0.~~00000000~~000000 0.~~00000000~~000000 B-1 4,088,600.00 999.~~58847283~~423666 0.~~04962823~~036827 0.~~00000000~~000000 0.~~00000000~~000000 B-2 1,635,500.00 999.~~58847447~~423662 0.~~04963008~~036827 0.~~00000000~~000000 0.~~00000000~~000000 B-3 2,453,100.00 999.~~58847173~~423664 0.~~04962700~~036827 0.~~00000000~~000000 0.~~00000000~~000000 B-4 4,497,500.00 999.~~58847137~~423664 0.~~04962979~~036827 0.~~00000000~~000000 0.~~00000000~~000000 B-5 4,906,300.00 999.~~58847196~~423665 0.~~04962803~~036828 0.~~00000000~~000000 0.~~00000000~~000000 B-6 3,679,838.60 999.~~58847108~~423736 0.~~04962989~~036806 0.~~00000000~~000000 0.~~00000000~~000000 M-X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-I 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-II 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-III 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (2) All Classes Are Per $1000 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 I-A-1 0.~~00000000~~000000 1826.~~18696765~~892762 ~~941~~859.~~81232663~~426680 0.~~94181233~~859427 1826.~~18696765~~892762 I-A-2 0.~~00000000~~000000 1826.~~18696770~~892762 ~~941~~859.~~81232664~~426680 0.~~94181233~~859427 1826.~~18696770~~892762 I-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-A-1 0.~~00000000~~000000 1828.~~50240141~~826373 ~~957~~870.~~08523741~~421525 0.~~95708524~~870422 1828.~~50240141~~826373 II-A-2 0.~~00000000~~000000 1828.~~50240138~~826373 ~~957~~870.~~08523738~~421525 0.~~95708524~~870422 1828.~~50240138~~826373 II-A-3 0.~~00000000~~000000 1828.~~50240145~~826373 ~~957~~870.~~08523734~~421525 0.~~95708524~~870422 1828.~~50240145~~826373 II-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 III-A-1 0.~~00000000~~000000 36.~~20215669~~027301 ~~909~~789.~~51335208~~096261 0.~~90951335~~789096 36.~~20215669~~027301 III-A-2 0.~~00000000~~000000 36.~~20215663~~027301 ~~909~~789.~~51335122~~096261 0.~~90951335~~789096 36.~~20215663~~027301 M-1 0.~~00000000~~000000 0.~~04962936~~036827 999.~~53884217~~386838 0.~~99953884~~999387 0.~~04962936~~036827 M-2 0.~~00000000~~000000 0.~~04962887~~036828 999.~~53884281~~386837 0.~~99953884~~999387 0.~~04962887~~036828 M-3 0.~~00000000~~000000 0.~~04962876~~036827 999.~~53884279~~386838 0.~~99953884~~999387 0.~~04962876~~036827 M-4 0.~~00000000~~000000 0.~~04962881~~036827 999.~~53884269~~386837 0.~~99953884~~999387 0.~~04962881~~036827 M-5 0.~~00000000~~000000 0.~~04962854~~036828 999.~~53884252~~386838 0.~~99953884~~999387 0.~~04962854~~036828 M-6 0.~~00000000~~000000 0.~~04962854~~036828 999.~~53884252~~386838 0.~~99953884~~999387 0.~~04962854~~036828 M-7 0.~~00000000~~000000 0.~~04962854~~036828 999.~~53884252~~386838 0.~~99953884~~999387 0.~~04962854~~036828 B-1 0.~~00000000~~000000 0.~~04962823~~036827 999.~~53884215~~386837 0.~~99953884~~999387 0.~~04962823~~036827 B-2 0.~~00000000~~000000 0.~~04963008~~036827 999.~~53884439~~386836 0.~~99953884~~999387 0.~~04963008~~036827 B-3 0.~~00000000~~000000 0.~~04962700~~036827 999.~~53884065~~386837 0.~~99953884~~999387 0.~~04962700~~036827 B-4 0.~~00000000~~000000 0.~~04962979~~036827 999.~~53884158~~386837 0.~~99953884~~999387 0.~~04962979~~036827 B-5 0.~~00000000~~000000 0.~~04962803~~036828 999.~~53884190~~386837 0.~~99953884~~999387 0.~~04962803~~036828 B-6 0.~~00000000~~000000 0.~~04962989~~036806 999.~~53884390~~386930 0.~~99953884~~999387 0.~~04962989~~036806 M-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-I 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-II 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-III 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~(3)~~All ~~Amount~~Classes ~~Does~~Are ~~Not~~Per ~~Include~~$1000 ~~Excess Special Hazard, 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~~ I-A-1 ~~222,439,500.00~~11/25/05 3- 12/24/05 30 4.~~69000~~42375% ~~213~~197,~~541~~152,~~763~~453.0249 ~~678~~726,~~528~~794.9531 0.00 ~~0.00~~ I-A-2 ~~39,254,000.00~~11/25/05 3- 12/24/05 30 4.~~76000~~49375% 3734,~~683~~791,~~812~~583.3037 ~~122~~130,~~011~~287.8123 0.00 ~~0.00~~ I-X ~~0.00~~11/01/05 - 11/30/05 30 1.~~64475~~84913% ~~251~~231,~~225~~944,~~575~~036.3286 ~~344~~357,~~336~~412.4309 0.00 ~~0.00~~ II-A-1 ~~229,078,300.00~~11/25/05 3- 12/24/05 30 4.~~69000~~42375% ~~223~~205,~~485~~998,~~957~~179.8157 ~~710~~759,~~126~~403.6371 0.00 ~~0.00~~ II-A-2 ~~95,449,200.00~~11/25/05 3- 12/24/05 30 4.~~74000~~47375% 9385,~~119~~832,~~059~~492.6639 ~~299~~319,~~895~~994.1026 0.00 ~~0.00~~ II-A-3 ~~57,269,500.00~~11/25/05 3- 12/24/05 30 4.~~78000~~51375% 5551,~~871~~499,~~416~~477.2845 ~~181~~193,~~861~~713.4614 0.00 ~~0.00~~ II-X ~~0.00~~11/01/05 - 11/30/05 30 1.~~33496~~28038% ~~372~~343,~~476~~330,~~433~~149.7540 ~~414~~366,~~367~~328.8070 0.00 ~~0.00~~ III-A-1 ~~105,411,300.00~~11/01/05 - 11/30/05 30 5.~~46497~~79234% 9986,~~689~~977,~~101~~347.2128 ~~453~~419,~~998~~835.3662 0.00 ~~0.00~~ III-A-2 ~~5,031,000.00~~11/01/05 - 11/30/05 30 5.~~46497~~79234% 4,~~757~~151,~~894~~196.7264 2120,~~668~~037.1363 0.00 ~~0.00~~ M-1 ~~10,630,200.00~~11/25/05 3- 12/24/05 30 4.~~91000~~64375% 10,~~625~~624,~~825~~073.3744 3541,~~776~~112.5695 0.00 ~~0.00~~ M-2 ~~9,403,800.00~~11/25/05 3- 12/24/05 30 4.~~94000~~67375% 9,~~399~~398,~~930~~380.0726 3136,~~891~~604.8773 0.00 ~~0.00~~ M-3 ~~5,724,100.00~~11/25/05 3- 12/24/05 30 4.~~96000~~69375% 5,~~721~~720,~~744~~801.3700 1922,~~511~~376.1567 0.00 ~~0.00~~ M-4 ~~6,950,600.00~~11/25/05 - 12/24/05 30 4.~~14000~~87375% 6,~~947~~946,~~739~~594.6313 2428,~~768~~213.6930 0.00 ~~0.00~~ M-5 ~~3,270,900.00~~11/25/05 - 12/24/05 30 4.~~20000~~93375% 3,269,~~553~~014.9387 1113,~~824~~440.8942 0.00 ~~0.00~~ M-6 ~~3,270,900.00~~11/25/05 - 12/24/05 30 4.~~22000~~95375% 3,269,~~553~~014.9387 1113,~~881~~494.2090 0.00 ~~0.00~~ M-7 ~~3,270,900.00~~11/25/05 4- 12/24/05 30 5.~~71000~~44375% 3,269,~~553~~014.9387 1314,~~260~~829.7775 0.00 ~~0.00~~ B-1 ~~4,088,600.00~~11/25/05 4- 12/24/05 30 5.~~81000~~54375% 4,086,~~917~~243.4360 1618,~~927~~877.7859 0.00 ~~0.00~~ B-2 ~~1,635,500.00~~11/25/05 - 12/24/05 30 5.~~16000~~89375% 1,634,~~826~~557.9540 78,~~264~~028.0806 0.00 ~~0.00~~ B-3 ~~2,453,100.00~~11/25/05 - 12/24/05 30 5.~~21000~~94375% 2,~~452~~451,~~090~~686.4819 1112,~~001~~143.0351 0.00 ~~0.00~~ B-4 ~~4,497,500.00~~11/25/05 - 12/24/05 30 5.~~26000~~99375% 4,~~495~~494,~~649~~907.1593 2022,~~362~~451.7913 0.00 ~~0.00~~ B-5 ~~4,906,300.00~~11/25/05 - 12/24/05 30 5.~~26000~~99375% 4,~~904~~903,~~280~~472.9233 2224,~~213~~491.6782 0.00 ~~0.00~~ B-6 ~~3,679,838.60~~11/25/05 - 12/24/05 30 5.~~26000~~99375% 3,~~678~~677,~~324~~718.2404 1618,~~660~~369.7744 0.00 ~~0.00~~ M-X ~~0.00~~11/01/05 - 11/30/05 30 0.~~73909~~77838% 63,~~755~~745,~~990~~479.8032 3941,~~267~~348.6174 0.00 ~~0.00~~ R-I ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R-II ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R-III ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~817,715,188.60~~ 3,~~509~~609,~~407~~589.5370 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 I-A-1 0.00 0.00 ~~678~~726,~~528~~794.9531 0.00 ~~209~~191,~~496~~170,~~263~~440.0392 I-A-2 0.00 0.00 ~~122~~130,~~011~~287.8123 0.00 3633,~~969~~735,~~901~~934.0788 I-X 0.00 0.00 ~~344~~357,~~336~~412.4309 0.00 ~~246~~224,~~466~~906,~~164~~375.1080 II-A-1 0.00 0.00 ~~710~~759,~~126~~403.6371 0.00 ~~219~~199,~~247~~394,~~459~~683.1415 II-A-2 0.00 0.00 ~~299~~319,~~895~~994.1026 0.00 9183,~~353~~081,~~020~~038.2419 II-A-3 0.00 0.00 ~~181~~193,~~861~~713.4614 0.00 5449,~~811~~848,~~793~~605.0051 II-X 0.00 0.00 ~~414~~366,~~367~~328.8070 0.00 ~~365~~332,~~412~~324,~~272~~326.3984 III-A-1 0.00 0.00 ~~453~~419,~~998~~835.3662 0.00 9583,~~872~~179,~~984~~662.8169 III-A-2 0.00 0.00 2120,~~668~~037.1363 0.00 43,~~575~~969,~~761~~943.6729 M-1 0.00 0.00 3541,~~776~~112.5695 0.00 10,~~625~~623,~~297~~681.8096 M-2 0.00 0.00 3136,~~891~~604.8773 0.00 9,~~399~~398,~~463~~033.3794 M-3 0.00 0.00 1922,~~511~~376.1567 0.00 5,~~721~~720,~~460~~590.2920 M-4 0.00 0.00 2428,~~768~~213.6930 0.00 6,~~947~~946,~~394~~338.6815 M-5 0.00 0.00 1113,~~824~~440.8942 0.00 3,~~269~~268,~~391~~894.6041 M-6 0.00 0.00 1113,~~881~~494.2090 0.00 3,~~269~~268,~~391~~894.6041 M-7 0.00 0.00 1314,~~260~~829.7775 0.00 3,~~269~~268,~~391~~894.6041 B-1 0.00 0.00 1618,~~927~~877.7859 0.00 4,086,~~714~~093.5102 B-2 0.00 0.00 78,~~264~~028.0806 0.00 1,634,~~745~~497.7817 B-3 0.00 0.00 1112,~~001~~143.0351 0.00 2,451,~~968~~595.7385 B-4 0.00 0.00 2022,~~362~~451.7913 0.00 4,~~495~~494,~~425~~742.9430 B-5 0.00 0.00 2224,~~213~~491.6782 0.00 4,~~904~~903,~~037~~291.4264 B-6 0.00 0.00 1618,~~660~~369.7744 0.00 3,~~678~~677,~~141~~582.6260 M-X 0.00 0.00 3940,~~267~~642.6152 0.00 63,~~752~~743,~~825~~130.3545 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.1100 0.00 0.00 Totals 0.00 0.00 3,~~509~~608,~~407~~883.6448 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~~ I-A-1 11/25/05 - 12/24/05 222,439,500.00 34.~~69000~~42375% ~~959~~886.~~99929428~~319442 3.~~05039775~~267380 0.~~00000000~~000000 ~~0.00000000~~ I-A-2 11/25/05 - 12/24/05 39,254,000.00 34.~~76000~~49375% ~~959~~886.~~99929434~~319442 3.~~10826438~~319082 0.~~00000000~~000000 ~~0.00000000~~ I-X 11/01/05 - 11/30/05 0.00 1.~~64475~~84913% ~~959~~886.~~99929429~~319442 1.~~31580047~~365766 0.~~00000000~~000000 ~~0.00000000~~ II-A-1 11/25/05 - 12/24/05 229,078,300.00 34.~~69000~~42375% ~~975~~899.~~58763886~~247897 3.~~09992972~~315040 0.~~00000000~~000000 ~~0.00000000~~ II-A-2 11/25/05 - 12/24/05 95,449,200.00 34.~~74000~~47375% ~~975~~899.~~58763887~~247897 3.~~14193414~~352509 0.~~00000000~~000000 ~~0.00000000~~ II-A-3 11/25/05 - 12/24/05 57,269,500.00 34.~~78000~~51375% ~~975~~899.~~58763880~~247897 3.~~17553776~~382484 0.~~00000000~~000000 ~~0.00000000~~ II-X 11/01/05 - 11/30/05 0.00 1.~~33496~~28038% ~~975~~899.~~58763885~~247897 ~~1.08530921~~ 0.~~00000000~~959486 0.~~00000000~~000000 III-A-1 11/01/05 - 11/30/05 105,411,300.00 5.~~46497~~79234% ~~945~~825.~~71550877~~123562 43.~~30692307~~982833 0.~~00000000~~000000 ~~0.00000000~~ III-A-2 11/01/05 - 11/30/05 5,031,000.00 5.~~46497~~79234% ~~945~~825.~~71550785~~123562 43.~~30692308~~982832 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/24/05 10,630,200.00 34.~~91000~~64375% 999.~~58847152~~423665 3.~~36555850~~867561 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/24/05 9,403,800.00 34.~~94000~~67375% 999.~~58847168~~423665 3.~~39138114~~892547 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/24/05 5,724,100.00 34.~~96000~~69375% 999.~~58847155~~423665 3.~~40859698~~909203 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/25/05 - 12/24/05 6,950,600.00 4.~~14000~~87375% 999.~~58847150~~423666 34.~~56353264~~059117 0.~~00000000~~000000 ~~0.00000000~~ M-5 11/25/05 - 12/24/05 3,270,900.00 4.~~20000~~93375% 999.~~58847106~~423666 34.~~61517931~~109089 0.~~00000000~~000000 ~~0.00000000~~ M-6 11/25/05 - 12/24/05 3,270,900.00 4.~~22000~~95375% 999.~~58847106~~423666 34.~~63239475~~125745 0.~~00000000~~000000 ~~0.00000000~~ M-7 11/25/05 - 12/24/05 3,270,900.00 45.~~71000~~44375% 999.~~58847106~~423666 4.~~05416552~~533844 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/24/05 4,088,600.00 45.~~81000~~54375% 999.~~58847283~~423666 4.~~14023871~~617128 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/24/05 1,635,500.00 5.~~16000~~89375% 999.~~58847447~~423662 4.~~44150413~~908627 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/24/05 2,453,100.00 5.~~21000~~94375% 999.~~58847173~~423664 4.~~48454201~~950271 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/25/05 - 12/24/05 4,497,500.00 5.~~26000~~99375% 999.~~58847137~~423664 4.~~52757977~~991913 0.~~00000000~~000000 ~~0.00000000~~ B-5 11/25/05 - 12/24/05 4,906,300.00 5.~~26000~~99375% 999.~~58847196~~423665 4.~~52758087~~991912 0.~~00000000~~000000 ~~0.00000000~~ B-6 11/25/05 - 12/24/05 3,679,838.60 5.~~26000~~99375% 999.~~58847108~~423736 4.~~52758173~~991915 0.~~00000000~~000000 ~~0.00000000~~ M-X 11/01/05 - 11/30/05 0.00 0.~~73909~~77838% 999.~~58847164~~423669 0.~~61565117~~648280 0.~~00000000~~000000 ~~0.00000000~~ R-I N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-II N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-III N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) All Classes Are Per $1000 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 I-A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~05039775~~267380 0.~~00000000~~000000 ~~941~~859.~~81232663~~426680 I-A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~10826438~~319082 0.~~00000000~~000000 ~~941~~859.~~81232664~~426680 I-X 0.~~00000000~~000000 0.~~00000000~~000000 1.~~31580047~~365766 0.~~00000000~~000000 ~~941~~859.~~81232663~~426680 II-A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~09992972~~315040 0.~~00000000~~000000 ~~957~~870.~~08523741~~421525 II-A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~14193414~~352509 0.~~00000000~~000000 ~~957~~870.~~08523738~~421525 II-A-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~17553776~~382484 0.~~00000000~~000000 ~~957~~870.~~08523734~~421525 II-X 0.~~00000000~~000000 0.~~00000000~~000000 10.~~08530921~~959486 0.~~00000000~~000000 ~~957~~870.~~08523742~~421525 III-A-1 0.~~00000000~~000000 0.~~00000000~~000000 43.~~30692307~~982833 0.~~00000000~~000000 ~~909~~789.~~51335208~~096261 III-A-2 0.~~00000000~~000000 0.~~00000000~~000000 43.~~30692308~~982832 0.~~00000000~~000000 ~~909~~789.~~51335122~~096261 M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~36555850~~867561 0.~~00000000~~000000 999.~~53884217~~386838 M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~39138114~~892547 0.~~00000000~~000000 999.~~53884281~~386837 M-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~40859698~~909203 0.~~00000000~~000000 999.~~53884279~~386838 M-4 0.~~00000000~~000000 0.~~00000000~~000000 34.~~56353264~~059117 0.~~00000000~~000000 999.~~53884269~~386837 M-5 0.~~00000000~~000000 0.~~00000000~~000000 34.~~61517931~~109089 0.~~00000000~~000000 999.~~53884252~~386838 M-6 0.~~00000000~~000000 0.~~00000000~~000000 34.~~63239475~~125745 0.~~00000000~~000000 999.~~53884252~~386838 M-7 0.~~00000000~~000000 0.~~00000000~~000000 4.~~05416552~~533844 0.~~00000000~~000000 999.~~53884252~~386838 B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~14023871~~617128 0.~~00000000~~000000 999.~~53884215~~386837 B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~44150413~~908627 0.~~00000000~~000000 999.~~53884439~~386836 B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~48454201~~950271 0.~~00000000~~000000 999.~~53884065~~386837 B-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~52757977~~991913 0.~~00000000~~000000 999.~~53884158~~386837 B-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~52758087~~991912 0.~~00000000~~000000 999.~~53884190~~386837 B-6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~52758173~~991915 0.~~00000000~~000000 999.~~53884390~~386930 M-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~61565117~~637207 0.~~00000000~~000000 999.~~53884262~~386843 R-I 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-II 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-III 0.~~00000000~~000000 0.~~00000000~~000000 20.~~20000000~~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~~$1000 ~~Supplement for a Full Description~~Denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1925,~~586~~871,~~563~~926.6536 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 4130,~~770~~190.9480 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Swap/Cap Payments 0.00 Total Deposits 1925,~~628~~902,~~334~~117.5916 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 3933,~~004~~207.9923 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 254~~235,~~934~~256.5004 Payment of Interest and Principal 1925,~~334~~633,~~395~~653.1089 Total Withdrawals (Pool Distribution Amount) 1925,~~628~~902,~~334~~117.5916 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~225~~207,~~569~~672.6020 Additional Servicing Fee 2120,~~900~~499.7211 Miscellaneous Fee 7,~~464~~084.1873 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~254~~235,~~934~~256.5004 *Servicer Payees include: COUNTRYWIDE HOME LOANS INC.; EMC MTG CORP; EVERHOME MORTGAGE COMPANY; WASHINGTON MUTUAL BANK, F.A.

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Carry-Over Shortfall ~~Reserve Fund~~ 0.00 0706.0022 0706.0022 0.00 Reserve Fund Reserve Fund 0.00 0.00 0.00 0.00 Yield Maintenance 0.00 0.00 0.00 0.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No6.317851% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.976541% NoWeighted ofAverage ~~Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0~~Pass-29Through ~~Days~~Rate ~~0 0 0 0 0~~5.00931207% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Remaining 30Term ~~Days~~351 35Beginning 0Scheduled 0Collateral 0Loan 35Count 102,~~723,129.34~~037 ~~0.00~~Number ~~0.00~~Of ~~0.00~~Loans ~~10,723,129.34~~Paid 60In ~~Days~~Full 451 0Ending 0Scheduled 0Collateral 4Loan Count 1,~~280,287.07~~986 ~~0.00~~Beginning ~~0.00~~Scheduled ~~0.00~~Collateral 1Balance 730,~~280~~148,~~287~~208.0759 90Ending ~~Days~~Scheduled 1Collateral 0Balance ~~0 0 1 461~~708,~~210.93 0.00 0.00 0.00 461~~123,~~210~~438.9309 ~~120~~Ending ~~Days~~Actual 1Collateral 0Balance 0at 030-Nov-2005 ~~1 813~~707,~~007~~309,642.5295 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~813~~2,~~007~~484,909.5263 ~~150~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~Amount 0.00 ~~180+~~Cumulative ~~Days~~Realized 0Loss 0 ~~0 0 0 0~~.00 ~~0.00~~Scheduled ~~0.00~~Principal ~~0.00 0.00 Totals 41 0 0 0 41 13~~25,~~277,634~~641.8618 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 13~~23,~~277~~384,~~634~~000.86 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.604033% 0.000000% 0.000000% 0.000000% 1.604033% 1.382738% 0.000000% 0.000000% 0.000000% 1.382738% 60 Days 0.183318% 0.000000% 0.000000% 0.000000% 0.183318% 0.165092% 0.000000% 0.000000% 0.000000% 0.165092% 90 Days 0.045830% 0.000000% 0.000000% 0.000000% 0.045830% 0.059473% 0.000000% 0.000000% 0.000000% 0.059473% 120 Days 0.045830% 0.000000% 0.000000% 0.000000% 0.045830% 0.104837% 0.000000% 0.000000% 0.000000% 0.104837% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.879010% 0.000000% 0.000000% 0.000000% 1.879010% 1.712140% 0.000000% 0.000000% 0.000000% 1.712140%33

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group I NoGroup ofII ~~Loans~~Group NoIII ofCollateral ~~Loans~~Description NoMixed ofARM ~~Loans~~Mixed NoARM ofMixed ~~Loans~~ARM NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~6.00677376 06.00112995 06.00174536 ~~0.00~~Weighted 30Average ~~Days~~Net 20Rate 06.308045 ~~0 0 20~~ 5~~,224,376~~.00799520 ~~0.00 0.00 0.00~~ 5~~,224,376~~.00800018 60Weighted ~~Days~~Average 3Remaining 0Term 0352 0352 3344 ~~542,420.45~~Beginning ~~0.00~~Loan ~~0.00~~Count ~~0.00~~763 ~~542,420.45~~961 90313 ~~Days~~Loans 0Paid 0In 0Full 020 022 ~~0.00~~9 ~~0.00~~Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~743 ~~120~~939 ~~Days~~304 0Beginning 0Scheduled 0Balance ~~0 0 0~~254,071,361.0063 ~~0.00 0.00 0.00 0.00~~ 375,622,150 ~~Days 0 0 0 0 0 0~~.0019 0100,454,696.0077 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Balance ~~180+ Days 0 0 0 0 0 0~~247,033,455.0056 ~~0.00 0.00 0.00 0.00 Totals 23 0 0 0 23 5~~364,~~766~~616,~~796~~134.4599 ~~0.00 0.00 0.00 5~~96,~~766~~473,~~796~~847.4554 ~~0-29~~Record ~~Days~~Date ~~0.000000%~~11/30/2005 ~~0.000000%~~11/30/2005 ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 11/30/2005 ~~Days~~Principal ~~2.469136%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 0857,195.~~000000%~~64 ~~2.469136%~~ 1,244,587.~~946899%~~73 0383,126.~~000000%~~26 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 1.946899% 60 Days 0.370370% 0.000000% 0.000000% 0.000000% 0.370370% 0.202137% 0.000000% 0.000000% 0.000000% 0.202137% 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 2,813.~~839506%~~32 ~~0.000000% 0.000000% 0.000000%~~ 2,240.~~839506%~~77 220,587.~~149035%~~09 ~~0.000000%~~Unscheduled ~~0.000000% 0.000000% 2.149035% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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~~7,594,485.0038 011,674,907.0073 04,114,607.0022 ~~0.00~~Scheduled 30Interest ~~Days 7 0 0 0 7 2~~1,~~834~~413,~~554~~774.5195 01,913,480.0026 ~~0.00 0.00 2~~516,~~834,554~~884.5125 60Servicing ~~Days~~Fee ~~0 0 0 0 0 0~~78,197.0006 098,123.0039 031,351.0075 ~~0.00~~Master ~~0.00~~Servicing 90Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Trustee ~~0.00~~Fee ~~120 Days 1~~ 0 ~~0 0 1 813,007~~.~~52 0.~~00 0.00 0.00 ~~813,007.52~~FRY ~~150~~Amount ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Special ~~0.00~~Hazard ~~180+~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~Totals 8 0 0 0 8 3~~5,~~647,562~~222.0328 ~~0.00 0.00 0.00 3~~21,~~647,562~~719.0322 ~~0-29 Days 0~~642.~~000000%~~34 ~~0.000000%~~Pool ~~0.000000%~~Insurance ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Spread 301 ~~Days~~ 0.681597% 0.000000% 0.000000% 0.000000% 0.681597% 0.713157% 0.000000% 0.000000% 0.000000% 0.713157% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.097371% 0.000000% 0.000000% 0.000000% 0.097371% 0.204548% 0.000000% 0.000000% 0.000000% 0.204548% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.778968% 0.000000% 0.000000% 0.000000% 0.778968% 0.917705% 0.000000% 0.000000% 0.000000% 0.917705% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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~~Spread ~~30 Days 8 0 0 0 8~~ 2~~,664,198.83~~ 0.00 0.00 0.00 ~~2,664,198.83~~Spread 603 ~~Days 1~~ 0 ~~0 0 1 737,866~~.~~62 0.~~00 0.00 0.00 ~~737,866.62~~Net 90Interest ~~Days~~ 1,330,355.61 ~~0 0 0~~ 1 ~~461~~,~~210~~793,637.9365 ~~0.00 0.00 0.00 461~~484,~~210~~890.9316 ~~120~~Realized ~~Days~~Loss 0Amount 0 ~~0 0 0 0~~.00 0.00 0.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~150~~Loss ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Percentage ~~0.00~~of ~~180+~~Cumulative ~~Days~~Losses 0 ~~0 0 0 0 0~~.000000 0.000000 0.000000 ~~0.00~~Special ~~0.00~~Servicing ~~Totals~~Fee 10 0 ~~0 0 10 3,863,276~~.~~38 0.~~00 0.00 0.00 ~~3,863,276.38 0~~Pass-29Through ~~Days~~Rate 06.~~000000%~~283379 05.~~000000%~~730134 05.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.318841% 0.000000% 0.000000% 0.000000% 2.318841% 2.428838% 0.000000% 0.000000% 0.000000% 2.428838% 60 Days 0.289855% 0.000000% 0.000000% 0.000000% 0.289855% 0.672682% 0.000000% 0.000000% 0.000000% 0.672682% 90 Days 0.289855% 0.000000% 0.000000% 0.000000% 0.289855% 0.420467% 0.000000% 0.000000% 0.000000% 0.420467% 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 2.898551% 0.000000% 0.000000% 0.000000% 2.898551% 3.521987% 0.000000% 0.000000% 0.000000% 3.521987%792344

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group ATotal ~~Insufficient~~Collateral ~~Funds~~Description Mixed ARM Weighted Average Coupon Rate 6.317851 Weighted Average Net Rate 5.976541 Weighted Average Remaining Term 351 Beginning Loan Count 2,037 Loans Paid In Full 51 Ending Loan Count 1,986 Beginning Scheduled Balance 730,148,208.59 Ending Scheduled Balance 708,123,438.09 Record Date 11/30/2005 Principal And Interest Constant 2,484,909.63 Scheduled Principal 25,641.18 Unscheduled Principal 23,384,000.33 Scheduled Interest 3,844,139.46 Servicing Fee 207,672.20 Master Servicing Fee 0.00 ~~Principal~~Trustee ~~Balance~~Fee of0.00 ~~Contaminated~~FRY ~~Properties~~Amount 0.00 ~~Periodic~~Special ~~Advance~~Hazard 41Fee 0.00 Other Fee 27,~~770~~583.9484 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,608,883.42 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Pass-Through Rate 5.931207

~~Summary~~Additional 12Reporting ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep~~-04 ~~0.000%~~Group ~~Original~~Level ~~Principal~~Miscellaneous ~~Balance~~Reporting ~~0.00~~Group ~~Oct-04~~I ~~0.000%~~Average ~~Current~~Loss ~~Principal~~Severity ~~Balance~~Group ~~0.00~~I ~~Nov-04~~ 0.~~000~~000000% ~~Dec-04~~Senior ~~0.000%~~Percentage ~~Current~~Group ~~REO~~I ~~Total Jan-05 0~~91.~~000~~290902% ~~Loans~~Senior inPrepayment ~~REO~~Percentage 0Group ~~Feb-05~~I 0100.~~000~~000000% ~~Original~~Subordinate ~~Principal~~Percentage Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I ~~12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0~~8.~~000~~709098% ~~Original~~Subordinate ~~Principal~~Prepayment ~~Balance~~Percentage ~~0.00~~Gr ~~Oct-04~~I 0.~~000~~000000% ~~Current~~Group ~~Principal~~II ~~Balance~~Average ~~0.00~~Loss ~~Nov-04~~Severity ~~0.000%~~Group ~~Dec-04~~II 0.~~000~~000000% ~~Current~~Senior ~~REO~~Percentage ~~Total~~Group ~~Jan-05~~II 091.~~000~~403063% ~~Loans~~Senior inPrepayment ~~REO~~Percentage 0Group ~~Feb-05~~II 0100.~~000~~000000% ~~Original~~Subordinate ~~Principal~~Percentage Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II ~~12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0~~8.~~000~~596937% ~~Original~~Subordinate ~~Principal~~Prepayment ~~Balance~~Percentage ~~0.00~~Gr ~~Oct-04~~II 0.~~000~~000000% ~~Current~~Group ~~Principal~~III ~~Balance~~Average ~~0.00~~Loss ~~Nov-04~~Severity ~~0.000%~~Group ~~Dec-04~~III 0.~~000~~000000% ~~Current~~Senior ~~REO~~Percentage ~~Total~~Group ~~Jan-05~~III 090.~~000~~716061% ~~Loans~~Senior inPrepayment ~~REO~~Percentage 0Group ~~Feb-05~~III 0100.~~000~~000000% ~~Original~~Subordinate ~~Principal~~Percentage Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III ~~12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0~~9.~~000~~283939% ~~Original~~Subordinate ~~Principal~~Prepayment ~~Balance~~Percentage ~~0.00~~Gr ~~Oct-04~~III 0.~~000~~000000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Mixed~~History* ~~ARM~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Gross~~Month ~~Coupon~~Bankruptcy 5Percentage Loans in Bankruptcy 0 Jan-05 0.~~721992~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Feb-05 0.~~380179~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 5Apr-05 0.~~335681~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~355~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~Jun-05 ~~2,228~~0.000% ~~Number~~Original OfPrincipal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Bankruptcy History* New Bankruptcy Loans ~~Paid~~Month InBankruptcy ~~Full~~Percentage 46Loans ~~Ending~~in ~~Scheduled~~Bankruptcy ~~Collateral~~0 ~~Loan~~Jan-05 ~~Count~~0.000% ~~2,182~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Feb-05 0.000% Current Principal Balance ~~791,904,995~~0.1600 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance ~~776,080,007~~0.6800 ~~Ending~~Jul-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at 29www.ctslink.com. Group II 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-~~Jul~~05 0.000% Original Principal Balance 0.00 Feb-~~2005~~05 ~~775,499,499~~0.81000% ~~Monthly~~Current ~~P&I~~Principal ~~Constant~~Balance ~~2,704,174~~0.2900 ~~Special~~Mar-05 ~~Servicing~~0.000% ~~Fee~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Prepayment~~Jul-05 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Aug-05 ~~Loss~~0.000% ~~Amount~~Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group III 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Cumulative~~Feb-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Scheduled~~Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal ~~38,775~~Balance 0.7300 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~16,896,874~~Balance 0.9700 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Group~~Loans Iin ~~Group~~Bankruptcy IIduring ~~Group~~Current ~~III~~Period ~~Collateral~~Group ~~Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.913486 5.557733 5.846276 Weighted Average Net Rate 5.543728 5.244002 5.471698 Weighted Average Maturity 356 356 347 Beginning~~ Loan ~~Count~~Month ~~826 1,045 357 Loans Paid In Full 16 18 12 Ending~~ Loan ~~Count~~First ~~810~~State ~~1,027~~LTV ~~345~~at ~~Beginning~~Original ~~Scheduled~~Number ~~Balance~~Entered ~~273,353,872.04~~Payment ~~404,769,203.97~~Origination ~~113,781,919.15~~Principal ~~Ending~~Bankruptcy ~~Scheduled~~Date Balance ~~268,593,897.61~~No ~~397,704,753.16~~Bankruptcy ~~109,781,356.91~~Loans ~~Record~~this Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 923,662.82 1,344,661.21 435,850.26 Scheduled Principal 6,957.39 3,628.11 28,190.23 Unscheduled Principal 5,183,373.53 7,594,455.72 4,119,045.72 Scheduled Interest 1,347,061.92 1,874,666.12 554,333.74 Servicing Fees 84,228.92 105,823.88 35,516.80 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 5,393.70 23,333.41 637.79 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 1,257,439.30 1,745,508.83 518,179.15 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.520050 5.174827 5.464972Period

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Total~~Loans ~~Collateral~~in ~~Description~~Bankruptcy ~~Mixed~~during ~~ARM~~Current ~~Weighted~~Period ~~Average~~(continued) ~~Coupon~~Group ~~Rate 5.721992 Weighted Average Net Rate 5.380179 Weighted Average Maturity 355 Beginning~~ Loan ~~Count~~Current ~~2,228 Loans~~ Paid InTo ~~Full~~Months 46Current ~~Ending~~Approximate ~~Loan~~Number ~~Count~~Principal ~~2,182~~Date ~~Beginning~~Delinquent ~~Scheduled~~Loan ~~Balance~~Rate ~~791,904,995.16~~Delinquent ~~Ending scheduled~~ Balance ~~776,080,007.68 Record Date 07/29/2005 Principal And~~ Interest ~~Constant~~No ~~2,704,174.29~~Bankruptcy ~~Scheduled~~Loans ~~Principal~~this 38,775.73 Unscheduled Principal 16,896,874.97 Scheduled Interest 3,776,061.78 Servicing Fees 225,569.60 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 29,364.90 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,521,127.28 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.335681Period

Miscellaneous Reporting Group Group I Average Loss Severity Group I 0.000000% Senior Percentage Group I 91.904890% Senior Prepayment Percentage Group I 100.000000% Subordinate Percentage Group I 8.095110% Subordinate Prepayment Percentage Gr I 0.000000% Group Group II Average Loss Severity Group II 0.000000% Senior Percentage Group II 92.021931% Senior Prepayment Percentage Group II 100.000000% Subordinate Percentage Group II 7.978069% Subordinate Prepayment Percentage Gr II 0.000000% Group Group III Average Loss Severity Group III 0.000000% Senior Percentage Group III 91.795777% Senior Prepayment Percentage Group III 100.000000% Subordinate Percentage Group III 8.204223% Subordinate Prepayment Percentage Gr III 0.000000%

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Group I 16 4,953,482.00 4,926,482.04 0 0.00 0.00 Group II 18 7,430,930.00 7,412,375.59 0 0.00 0.00 Group III 12 4,060,910.00 4,026,639.40 0 0.00 0.00 Total 46 16,445,322.00 16,365,497.03 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Group I 0 0.00 0.00 0 0.00 0.00 249,762.78 Group II 0 0.00 0.00 0 0.00 0.00 173,417.08 Group III 0 0.00 0.00 0 0.00 0.00 85,930.75 Total 0 0.00 0.00 0 0.00 0.00 509,110.61

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I 0051762656 CA 79.98 01-Feb-2005 612,850.00 611,519.70 Group I 0051846046 VA 79.98 01-Feb-2005 391,800.00 390,992.90 Group I 0052123312 IL 75.66 01-Mar-2005 264,850.00 263,924.98 Group I 0052332343 NM 68.62 01-Mar-2005 140,000.00 139,145.53 Group I 0052373719 VA 58.70 01-Mar-2005 181,900.00 181,188.99 Group I 0052373743 VA 61.77 01-Mar-2005 206,900.00 206,091.26 Group I 0052373768 VA 57.33 01-Mar-2005 215,000.00 214,159.59 Group I 0052443991 CA 80.00 01-Apr-2005 628,000.00 624,716.42 Group I 0084157894 FL 80.00 01-May-2005 148,792.00 149,407.92 Group I 0089599074 FL 69.95 01-May-2005 55,900.00 56,061.15 Group I 0096746954 CA 80.00 01-May-2005 980,000.00 975,549.10 Group I 0096818085 UT 70.23 01-May-2005 59,000.00 56,493.09 Group I 0097436941 AZ 80.00 01-May-2005 240,000.00 238,980.91 Group I 0097583835 MD 82.84 01-May-2005 596,500.00 593,510.39 Group I 0098372407 FL 80.00 01-May-2005 124,790.00 125,188.97 Group I 0098852944 CO 80.00 01-May-2005 107,200.00 106,679.85 Group II 0008918525 CA 60.83 01-Apr-2005 365,000.00 365,583.20 Group II 0016008765 CA 65.00 01-Apr-2005 1,105,000.00 1,107,977.34 Group II 0051154474 VA 52.78 01-Dec-2004 633,400.00 629,866.28 Group II 0051363927 HI 75.00 01-Feb-2005 393,000.00 391,765.04 Group II 0052151818 CA 31.20 01-Mar-2005 266,750.00 265,482.55 Group II 0052196854 CA 45.00 01-Mar-2005 225,000.00 224,245.08 Group II 0081453894 CO 80.00 01-May-2005 169,600.00 169,729.31 Group II 0081515790 FL 80.00 01-May-2005 404,000.00 403,928.26 Group II 0081673814 CA 70.00 01-May-2005 770,000.00 770,828.45 Group II 0088994481 MA 52.40 01-May-2005 500,000.00 497,522.12 Group II 0090865099 DE 80.00 01-May-2005 567,830.00 565,015.96 Group II 0091037054 FL 80.00 01-May-2005 104,000.00 104,299.83 Group II 0091152494 CA 80.00 01-May-2005 232,000.00 232,086.70 Group II 0091256452 CA 80.00 01-May-2005 408,000.00 405,766.91 Group II 0094847857 CA 79.98 01-May-2005 352,550.00 350,802.86 Group II 0096748999 CA 80.00 01-May-2005 280,000.00 280,690.00 Group II 0098321328 AZ 80.00 01-May-2005 126,800.00 127,046.19 Group II 0098806982 CA 80.00 01-May-2005 528,000.00 528,402.56 Group III 0036634186 CA 70.00 01-Jan-2001 332,500.00 306,657.71 Group III 0080607452 CA 67.83 01-Mar-2005 305,160.00 305,055.30 Group III 0080874158 CA 62.02 01-Apr-2005 240,000.00 238,923.03 Group III 0081061141 PA 72.16 01-Apr-2005 153,000.00 153,438.65 Group III 0086840318 CA 46.59 01-Apr-2005 233,000.00 232,389.89 Group III 0088368155 IN 74.90 01-Mar-2005 749,000.00 746,736.28 Group III 0090882941 MA 70.00 01-Apr-2005 995,750.00 993,770.01 Group III 0094997009 NE 80.00 01-Apr-2005 104,000.00 103,793.19 Group III 0096797040 OR 21.02 01-May-2005 62,000.00 61,724.84 Group III 0096797475 MA 75.41 01-Apr-2005 406,500.00 409,185.36 Group III 0096962829 CO 80.00 01-May-2005 88,000.00 87,653.67 Group III 0097528108 CA 80.00 01-May-2005 392,000.00 393,787.04

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I 0051762656 Loan Paid in Full (1) 5.591% 360 6 Group I 0051846046 Loan Paid in Full 0 6.216% 360 6 Group I 0052123312 Loan Paid in Full 0 6.216% 360 5 Group I 0052332343 Loan Paid in Full (1) 6.216% 360 5 Group I 0052373719 Loan Paid in Full 0 6.216% 360 5 Group I 0052373743 Loan Paid in Full 0 6.216% 360 5 Group I 0052373768 Loan Paid in Full 0 6.216% 360 5 Group I 0052443991 Loan Paid in Full 0 6.216% 360 4 Group I 0084157894 Loan Paid in Full (1) 6.750% 360 3 Group I 0089599074 Loan Paid in Full (1) 6.250% 360 3 Group I 0096746954 Loan Paid in Full 0 6.500% 360 3 Group I 0096818085 Loan Paid in Full (1) 6.375% 360 3 Group I 0097436941 Loan Paid in Full 0 6.625% 360 3 Group I 0097583835 Loan Paid in Full 0 5.375% 360 3 Group I 0098372407 Loan Paid in Full 0 6.375% 360 3 Group I 0098852944 Loan Paid in Full 0 6.125% 360 3 Group II 0008918525 Loan Paid in Full 0 5.750% 360 4 Group II 0016008765 Loan Paid in Full 0 5.625% 360 4 Group II 0051154474 Loan Paid in Full (1) 5.758% 360 8 Group II 0051363927 Loan Paid in Full (1) 6.008% 360 6 Group II 0052151818 Loan Paid in Full 0 5.508% 360 5 Group II 0052196854 Loan Paid in Full 0 6.258% 360 5 Group II 0081453894 Loan Paid in Full 0 5.250% 360 3 Group II 0081515790 Loan Paid in Full 0 4.875% 360 3 Group II 0081673814 Loan Paid in Full 0 5.375% 360 3 Group II 0088994481 Loan Paid in Full 0 6.000% 360 3 Group II 0090865099 Loan Paid in Full 0 6.000% 360 3 Group II 0091037054 Loan Paid in Full 0 6.250% 360 3 Group II 0091152494 Loan Paid in Full 0 5.250% 360 3 Group II 0091256452 Loan Paid in Full 0 5.375% 360 3 Group II 0094847857 Loan Paid in Full 0 6.000% 360 3 Group II 0096748999 Loan Paid in Full 0 6.125% 360 3 Group II 0098321328 Loan Paid in Full 0 5.875% 360 3 Group II 0098806982 Loan Paid in Full 0 5.250% 360 3 Group III 0036634186 Loan Paid in Full (1) 6.112% 360 55 Group III 0080607452 Loan Paid in Full 0 5.625% 360 5 Group III 0080874158 Loan Paid in Full 0 5.500% 360 4 Group III 0081061141 Loan Paid in Full 0 5.625% 360 4 Group III 0086840318 Loan Paid in Full 0 6.625% 360 4 Group III 0088368155 Loan Paid in Full 0 5.875% 360 5 Group III 0090882941 Loan Paid in Full 0 7.000% 360 4 Group III 0094997009 Loan Paid in Full 0 7.000% 360 4 Group III 0096797040 Loan Paid in Full (1) 6.625% 360 3 Group III 0096797475 Loan Paid in Full 0 6.875% 360 4 Group III 0096962829 Loan Paid in Full 0 7.000% 360 3 Group III 0097528108 Loan Paid in Full 0 6.875% 360 3

Summary SMM CPR PSA Current Month 2.131% Current Month 22.776% Current Month 2,207.582% 3 Month Average 1.832% 3 Month Average 19.764% 3 Month Average 2,355.338% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 12.872% N/A Jun-2005 2,016.372% N/A Jul-2005 23.644% N/A Jul-2005 2,842.060% N/A Aug-2005 22.776% N/A Aug-2005 2,207.582% 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 I SMM CPR PSA Current Month 1.893% Current Month 20.497% Current Month 2,773.079% 3 Month Average 1.937% 3 Month Average 20.610% 3 Month Average 3,879.638% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 11.635% N/A Jun-2005 3,375.779% N/A Jul-2005 29.697% N/A Jul-2005 5,490.055% N/A Aug-2005 20.497% N/A Aug-2005 2,773.079% 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 II SMM CPR PSA Current Month 1.874% Current Month 20.307% Current Month 2,645.936% 3 Month Average 1.444% 3 Month Average 15.842% 3 Month Average 2,724.077% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 7.769% N/A Jun-2005 2,100.327% N/A Jul-2005 19.451% N/A Jul-2005 3,425.968% N/A Aug-2005 20.307% N/A Aug-2005 2,645.936% 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 III SMM CPR PSA Current Month 3.616% Current Month 35.725% Current Month 1,320.783% 3 Month Average 2.935% 3 Month Average 29.879% 3 Month Average 1,198.483% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 30.986% N/A Jun-2005 1,346.788% N/A Jul-2005 22.927% N/A Jul-2005 927.879% N/A Aug-2005 35.725% N/A Aug-2005 1,320.783% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

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

Prepayment - Voluntary Prepayments

Filing Compare · Structured Asset Mortgage Investments II Trust 2005-AR2