8-K 1 bst05003_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 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2005-3 (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-08 Pooling and Servicing Agreement) (Commission 54-2173113 (State or other File Number) 54-2173114 jurisdiction 54-2173115 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 BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2005-3 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 2005-3 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2005-3 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 2005-3 Trust, relating to the December 27, 2005 distribution. EX-99.1 Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Bear Stearns ARM Trust Mortgage Pass-Through Certificates Series 2005-3 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

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 Bear Stearns ARM Trust Mortgage Pass-Through Certificates Series 2005-3 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 07387AAV7 ~~SEN~~ 5.~~28035~~25032% ~~114~~105,~~801~~012,~~473~~417.5197 ~~505~~459,~~160~~457.0646 II-A-1 07387AAW5 ~~SEN~~ 5.~~12362~~11578% ~~424~~404,~~429~~041,~~835~~348.7086 1,~~812~~722,~~179~~489.8306 II-A-2 07387AAX3 ~~SEN~~ 4.~~98462~~97678% 2322,~~875~~728,~~598~~678.8623 9994,~~175~~263.5904 II-X-1 07387AAY1 ~~SEN~~ 0.13900% 0.00 2,~~765~~632.5974 R-I 07387AAZ8 ~~RES~~ 5.~~26554~~22117% 0.00 0.00 R-II 07387ABA2 ~~RES~~ 5.~~26554~~22117% 0.00 0.00 R-III 07387ABB0 ~~RES~~ 5.~~26554~~22117% 0.00 0.00 B-1 07387ABC8 ~~SUB~~ 5.~~15863~~14584% 7,~~074~~070,~~422~~714.4637 30,~~411~~320.9362 B-2 07387ABD6 ~~SUB~~ 5.~~15863~~14584% 6,~~754~~751,~~629~~088.3892 2928,~~037~~950.1901 B-3 07387ABE4 ~~SUB~~ 5.~~15863~~14584% 7,~~398~~394,~~212~~335.9515 31,~~803~~708.8637 B-4 07387ABF1 ~~SUB~~ 5.~~15863~~14584% 6,~~431~~428,~~838~~466.2497 27,~~649~~566.5654 B-5 07387ABG9 ~~SUB~~ 5.~~15863~~14584% 3,~~538~~536,~~710~~855.2643 15,~~212~~166.4174 B-6 07387ABH7 ~~SUB~~ 5.~~15863~~14584% 3,~~537~~535,~~710~~856.9160 15,~~208~~162.1245 B-7 07387ABJ3 ~~SUB~~ 5.~~15863~~14584% 2,~~573~~571,~~334~~986.9109 11,~~062~~029.4019 B-8 07387ABK0 ~~SUB~~ 5.~~15863~~14584% 1,~~931~~930,~~576~~563.1672 8,~~303~~278.5764 Totals ~~602~~571,~~347~~002,~~343~~312.3431 2,~~587~~447,~~970~~024.1186

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 57,~~173~~693,~~102~~948.1462 0.00 ~~109~~97,~~628~~318,~~371~~469.3735 58,~~678~~153,~~262~~406.2008 0.00 II-A-1 6,~~241~~300,~~123~~265.6543 0.00 ~~418~~397,~~188~~741,~~712~~083.0643 8,~~053~~022,~~303~~754.4849 0.00 II-A-2 ~~351~~354,~~084~~411.0902 0.00 2322,~~524~~374,~~514~~267.7621 ~~450~~448,~~259~~674.6806 0.00 II-X-1 0.00 0.00 0.00 2,~~765~~632.5974 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 0.00 0.00 B-1 1,~~226~~255.7356 0.00 7,~~073~~069,~~195~~458.7381 31,~~638~~576.6618 0.00 B-2 1,~~171~~198.2881 0.00 6,~~753~~749,~~458~~890.1011 30,~~208~~148.4782 0.00 B-3 1,~~282~~313.8803 0.00 7,~~396~~393,~~930~~022.0712 33,~~086~~021.7440 0.00 B-4 1,~~115~~141.3052 0.00 6,~~430~~427,~~722~~325.9445 28,~~764~~708.8606 0.00 B-5 ~~613~~628.6205 0.00 3,~~538~~536,~~096~~227.6338 15,~~826~~794.0379 0.00 B-6 ~~613~~627.4587 0.00 3,~~537~~535,~~097~~228.4573 15,~~821~~790.5732 0.00 B-7 ~~446~~456.2371 0.00 2,~~572~~571,~~888~~529.6837 11,~~508~~485.6390 0.00 B-8 ~~334~~342.9481 0.00 1,~~931~~930,~~241~~220.2291 8,~~638~~621.5145 0.00 Totals 1114,~~772~~355,~~114~~589.3143 0.00 ~~590~~556,~~575~~646,~~229~~722.0187 1416,~~360~~802,~~084~~614.4229 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-1 135,009,000.00 ~~114~~105,~~801~~012,~~473~~417.5197 1615,~~242~~631.1259 57,~~156~~678,~~860~~317.0203 0.00 0.00 II-A-1 444,418,000.00 ~~424~~404,~~429~~041,~~835~~348.7086 7775,~~494~~084.9245 6,~~163~~225,~~628~~180.7298 0.00 0.00 II-A-2 25,000,000.00 2322,~~875~~728,~~598~~678.8623 4,~~359~~223.3575 ~~346~~350,~~724~~187.7527 0.00 0.00 II-X-1 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 B-1 7,079,000.00 7,~~074~~070,~~422~~714.4637 1,~~226~~255.7356 0.00 0.00 0.00 B-2 6,759,000.00 6,~~754~~751,~~629~~088.3892 1,~~171~~198.2881 0.00 0.00 0.00 B-3 7,403,000.00 7,~~398~~394,~~212~~335.9515 1,~~282~~313.8803 0.00 0.00 0.00 B-4 6,436,000.00 6,~~431~~428,~~838~~466.2497 1,~~115~~141.3052 0.00 0.00 0.00 B-5 3,541,000.00 3,~~538~~536,~~710~~855.2643 ~~613~~628.6205 0.00 0.00 0.00 B-6 3,540,000.00 3,~~537~~535,~~710~~856.9160 ~~613~~627.4587 0.00 0.00 0.00 B-7 2,575,000.00 2,~~573~~571,~~334~~986.9109 ~~446~~456.2371 0.00 0.00 0.00 B-8 1,932,826.00 1,~~931~~930,~~576~~563.1672 ~~334~~342.9481 0.00 0.00 0.00 Totals 643,692,976.00 ~~602~~571,~~347~~002,~~343~~312.3431 ~~104~~101,~~900~~904.8215 1114,~~667~~253,~~213~~685.4928 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 57,~~173~~693,~~102~~948.1462 ~~109~~97,~~628~~318,~~371~~469.3735 0.~~81200788~~720829 57,~~173~~693,~~102~~948.1462 II-A-1 6,~~241~~300,~~123~~265.6543 ~~418~~397,~~188~~741,~~712~~083.0643 0.~~94098059~~894971 6,~~241~~300,~~123~~265.6543 II-A-2 ~~351~~354,~~084~~411.0902 2322,~~524~~374,~~514~~267.7621 0.~~94098059~~894971 ~~351~~354,~~084~~411.0902 II-X-1 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 B-1 1,~~226~~255.7356 7,~~073~~069,~~195~~458.7381 0.~~99918007~~998652 1,~~226~~255.7356 B-2 1,~~171~~198.2881 6,~~753~~749,~~458~~890.1011 0.~~99918007~~998652 1,~~171~~198.2881 B-3 1,~~282~~313.8803 7,~~396~~393,~~930~~022.0712 0.~~99918007~~998652 1,~~282~~313.8803 B-4 1,~~115~~141.3052 6,~~430~~427,~~722~~325.9445 0.~~99918007~~998652 1,~~115~~141.3052 B-5 ~~613~~628.6205 3,~~538~~536,~~096~~227.6338 0.~~99918007~~998652 ~~613~~628.6205 B-6 ~~613~~627.4587 3,~~537~~535,~~097~~228.4573 0.~~99918007~~998652 ~~613~~627.4587 B-7 ~~446~~456.2371 2,~~572~~571,~~888~~529.6837 0.~~99918007~~998652 ~~446~~456.2371 B-8 ~~334~~342.9481 1,~~931~~930,~~241~~220.2291 0.~~99918007~~998652 ~~334~~342.9481 Totals 1114,~~772~~355,~~114~~589.3143 ~~590~~556,~~575~~646,~~229~~722.0187 0.~~91747969~~864771 1114,~~772~~355,~~114~~589.3143

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ I-A-1 135,009,000.00 ~~850~~777.~~32459695~~817908 0.~~12030398~~115782 3856.~~19641668~~872631 0.~~00000000~~000000 II-A-1 444,418,000.00 ~~955~~909.~~02395425~~147129 0.~~17437395~~168950 1314.~~86898982~~007491 0.~~00000000~~000000 II-A-2 25,000,000.00 ~~955~~909.~~02395440~~147129 0.~~17437400~~168950 1314.~~86899000~~007491 0.~~00000000~~000000 II-X-1 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~~000000 B-1 7,079,000.00 ~~999~~998.~~35336347~~829548 0.~~17329143~~177364 0.~~00000000~~000000 0.~~00000000~~000000 B-2 6,759,000.00 ~~999~~998.~~35336292~~829549 0.~~17329191~~177365 0.~~00000000~~000000 0.~~00000000~~000000 B-3 7,403,000.00 ~~999~~998.~~35336350~~829549 0.~~17329191~~177365 0.~~00000000~~000000 0.~~00000000~~000000 B-4 6,436,000.00 ~~999~~998.~~35336234~~829548 0.~~17329086~~177365 0.~~00000000~~000000 0.~~00000000~~000000 B-5 3,541,000.00 ~~999~~998.~~35336346~~829548 0.~~17329003~~177365 0.~~00000000~~000000 0.~~00000000~~000000 B-6 3,540,000.00 ~~999~~998.~~35336441~~829548 0.~~17329096~~177364 0.~~00000000~~000000 0.~~00000000~~000000 B-7 2,575,000.00 ~~999~~998.~~35336311~~829550 0.~~17329320~~177363 0.~~00000000~~000000 0.~~00000000~~000000 B-8 1,932,826.00 ~~999~~998.~~35336135~~829548 0.~~17329030~~177362 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 I-A-1 0.~~00000000~~000000 3856.~~31672066~~988413 ~~812~~720.~~00787629~~829495 0.~~81200788~~720829 3856.~~31672066~~988413 II-A-1 0.~~00000000~~000000 14.~~04336379~~176441 ~~940~~894.~~98059048~~970688 0.~~94098059~~894971 14.~~04336379~~176441 II-A-2 0.~~00000000~~000000 14.~~04336360~~176441 ~~940~~894.~~98059040~~970688 0.~~94098059~~894971 14.~~04336360~~176441 II-X-1 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 B-1 0.~~00000000~~000000 0.~~17329143~~177364 ~~999~~998.~~18007204~~652184 0.~~99918007~~998652 0.~~17329143~~177364 B-2 0.~~00000000~~000000 0.~~17329191~~177365 ~~999~~998.~~18007102~~652184 0.~~99918007~~998652 0.~~17329191~~177365 B-3 0.~~00000000~~000000 0.~~17329191~~177365 ~~999~~998.~~18007159~~652184 0.~~99918007~~998652 0.~~17329191~~177365 B-4 0.~~00000000~~000000 0.~~17329086~~177365 ~~999~~998.~~18007147~~652183 0.~~99918007~~998652 0.~~17329086~~177365 B-5 0.~~00000000~~000000 0.~~17329003~~177365 ~~999~~998.~~18007060~~652183 0.~~99918007~~998652 0.~~17329003~~177365 B-6 0.~~00000000~~000000 0.~~17329096~~177364 ~~999~~998.~~18007062~~652184 0.~~99918007~~998652 0.~~17329096~~177364 B-7 0.~~00000000~~000000 0.~~17329320~~177363 ~~999~~998.~~18006990~~652183 0.~~99918007~~998652 0.~~17329320~~177363 B-8 0.~~00000000~~000000 0.~~17329030~~177362 ~~999~~998.~~18007105~~652186 0.~~99918007~~998652 0.~~17329030 (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.~~177362

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 ~~135,009,000.00~~11/01/05 - 11/30/05 30 5.~~28035~~25032% ~~114~~105,~~801~~012,~~473~~417.5197 ~~505~~459,~~160~~457.0646 0.00 ~~0.00~~ II-A-1 ~~444,418,000.00~~11/01/05 - 11/30/05 30 5.~~12362~~11578% ~~424~~404,~~429~~041,~~835~~348.7086 1,~~812~~722,~~179~~489.8306 0.00 ~~0.00~~ II-A-2 ~~25,000,000.00~~11/01/05 - 11/30/05 30 4.~~98462~~97678% 2322,~~875~~728,~~598~~678.8623 9994,~~175~~263.5904 0.00 ~~0.00~~ II-X-1 ~~0.00~~11/01/05 - 11/30/05 30 0.13900% 2322,~~875~~728,~~598~~678.8623 2,~~765~~632.5974 0.00 ~~0.00~~ R-I ~~50.00~~N/A N/A 5.~~26554~~22117% 0.00 0.00 0.00 ~~0.00~~ R-II ~~50.00~~N/A N/A 5.~~26554~~22117% 0.00 0.00 0.00 ~~0.00~~ R-III ~~50.00~~N/A N/A 5.~~26554~~22117% 0.00 0.00 0.00 ~~0.00~~ B-1 ~~7,079,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 7,~~074~~070,~~422~~714.4637 30,~~411~~320.9362 0.00 ~~0.00~~ B-2 ~~6,759,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 6,~~754~~751,~~629~~088.3892 2928,~~037~~950.1901 0.00 ~~0.00~~ B-3 ~~7,403,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 7,~~398~~394,~~212~~335.9515 31,~~803~~708.8637 0.00 ~~0.00~~ B-4 ~~6,436,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 6,~~431~~428,~~838~~466.2497 27,~~649~~566.5654 0.00 ~~0.00~~ B-5 ~~3,541,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 3,~~538~~536,~~710~~855.2643 15,~~212~~166.4174 0.00 ~~0.00~~ B-6 ~~3,540,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 3,~~537~~535,~~710~~856.9160 15,~~208~~162.1245 0.00 ~~0.00~~ B-7 ~~2,575,000.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 2,~~573~~571,~~334~~986.9109 11,~~062~~029.4019 0.00 ~~0.00~~ B-8 ~~1,932,826.00~~11/01/05 - 11/30/05 30 5.~~15863~~14584% 1,~~931~~930,~~576~~563.1672 8,~~303~~278.5764 0.00 ~~0.00~~ Totals ~~643,692,976.00~~ 2,~~587~~447,~~970~~024.1186 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 ~~505~~459,~~160~~457.0646 0.00 ~~109~~97,~~628~~318,~~371~~469.3735 II-A-1 0.00 0.00 1,~~812~~722,~~179~~489.8306 0.00 ~~418~~397,~~188~~741,~~712~~083.0643 II-A-2 0.00 0.00 9994,~~175~~263.5904 0.00 2322,~~524~~374,~~514~~267.7621 II-X-1 0.00 0.00 2,~~765~~632.5974 0.00 2322,~~524~~374,~~514~~267.7621 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 0.00 0.00 B-1 0.00 0.00 30,~~411~~320.9362 0.00 7,~~073~~069,~~195~~458.7381 B-2 0.00 0.00 2928,~~037~~950.1901 0.00 6,~~753~~749,~~458~~890.1011 B-3 0.00 0.00 31,~~803~~708.8637 0.00 7,~~396~~393,~~930~~022.0712 B-4 0.00 0.00 27,~~649~~566.5654 0.00 6,~~430~~427,~~722~~325.9445 B-5 0.00 0.00 15,~~212~~166.4174 0.00 3,~~538~~536,~~096~~227.6338 B-6 0.00 0.00 15,~~208~~162.1245 0.00 3,~~537~~535,~~097~~228.4573 B-7 0.00 0.00 11,~~062~~029.4019 0.00 2,~~572~~571,~~888~~529.6837 B-8 0.00 0.00 8,~~303~~278.5764 0.00 1,~~931~~930,~~241~~220.2291 Totals 0.00 0.00 2,~~587~~447,~~970~~024.1186 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 11/01/05 - 11/30/05 135,009,000.00 5.~~28035~~25032% ~~850~~777.~~32459695~~817908 3.~~74167693~~403162 0.~~00000000~~000000 ~~0.00000000~~ II-A-1 11/01/05 - 11/30/05 444,418,000.00 5.~~12362~~11578% ~~955~~909.~~02395425~~147129 43.~~07764724~~875831 0.~~00000000~~000000 ~~0.00000000~~ II-A-2 11/01/05 - 11/30/05 25,000,000.00 4.~~98462~~97678% ~~955~~909.~~02395440~~147129 3.~~96702360~~770522 0.~~00000000~~000000 ~~0.00000000~~ II-X-1 11/01/05 - 11/30/05 0.00 0.13900% ~~955~~909.~~02395440~~147129 0.~~11062360~~105310 0.~~00000000~~000000 ~~0.00000000~~ R-I N/A 50.00 5.~~26554~~22117% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-II N/A 50.00 5.~~26554~~22117% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-III N/A 50.00 5.~~26554~~22117% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/01/05 - 11/30/05 7,079,000.00 5.~~15863~~14584% ~~999~~998.~~35336347~~829548 4.~~29607713~~283178 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/01/05 - 11/30/05 6,759,000.00 5.~~15863~~14584% ~~999~~998.~~35336292~~829549 4.~~29607782~~283179 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/01/05 - 11/30/05 7,403,000.00 5.~~15863~~14584% ~~999~~998.~~35336350~~829549 4.~~29607727~~283178 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/01/05 - 11/30/05 6,436,000.00 5.~~15863~~14584% ~~999~~998.~~35336234~~829548 4.~~29607831~~283179 0.~~00000000~~000000 ~~0.00000000~~ B-5 11/01/05 - 11/30/05 3,541,000.00 5.~~15863~~14584% ~~999~~998.~~35336346~~829548 4.~~29607738~~283180 0.~~00000000~~000000 ~~0.00000000~~ B-6 11/01/05 - 11/30/05 3,540,000.00 5.~~15863~~14584% ~~999~~998.~~35336441~~829548 4.~~29607910~~283178 0.~~00000000~~000000 ~~0.00000000~~ B-7 11/01/05 - 11/30/05 2,575,000.00 5.~~15863~~14584% ~~999~~998.~~35336311~~829550 4.~~29607767~~283181 0.~~00000000~~000000 ~~0.00000000~~ B-8 11/01/05 - 11/30/05 1,932,826.00 5.~~15863~~14584% ~~999~~998.~~35336135~~829548 4.~~29607735~~283179 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 I-A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~74167693~~403162 0.~~00000000~~000000 ~~812~~720.~~00787629~~829495 II-A-1 0.~~00000000~~000000 0.~~00000000~~000000 43.~~07764724~~875831 0.~~00000000~~000000 ~~940~~894.~~98059048~~970688 II-A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~96702360~~770522 0.~~00000000~~000000 ~~940~~894.~~98059040~~970688 II-X-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~11062360~~105310 0.~~00000000~~000000 ~~940~~894.~~98059040~~970688 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 B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607713~~283178 0.~~00000000~~000000 ~~999~~998.~~18007204~~652184 B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607782~~283179 0.~~00000000~~000000 ~~999~~998.~~18007102~~652184 B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607727~~283178 0.~~00000000~~000000 ~~999~~998.~~18007159~~652184 B-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607831~~283179 0.~~00000000~~000000 ~~999~~998.~~18007147~~652183 B-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607738~~283180 0.~~00000000~~000000 ~~999~~998.~~18007060~~652183 B-6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607910~~283178 0.~~00000000~~000000 ~~999~~998.~~18007062~~652184 B-7 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607767~~283181 0.~~00000000~~000000 ~~999~~998.~~18006990~~652183 B-8 0.~~00000000~~000000 0.~~00000000~~000000 4.~~29607735~~283179 0.~~00000000~~000000 ~~999~~998.~~18007105~~652186 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1416,~~495~~919,~~635~~692.0420 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 1839,~~892~~601.3739 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Swap/Cap Payments 0.00 Total Deposits 1416,~~514~~959,~~527~~293.4159 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 2332,~~347~~490.4560 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 131~~124,~~095~~188.5470 Payment of Interest and Principal 1416,~~360~~802,~~084~~614.4229 Total Withdrawals (Pool Distribution Amount) 1416,~~514~~959,~~527~~293.4159 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~127~~121,~~850~~105.8490 Additional Servicing Fee 2,~~506~~345.3700 Miscellaneous Fee ~~738~~737.3380 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~131~~124,~~095~~188.5470 *Servicer Payees include: COUNTRYWIDE HOME LOANS INC.; EMC MTG CORP; EVERHOME MORTGAGE COMPANY; HOMEBANC MORTGAGE CORPORATION

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.403579% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.149067% 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~~5.00142588% ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Remaining 30Term ~~Days~~352 6Beginning 0Scheduled 0Collateral 0Loan 6Count 31,~~338,571.99~~214 ~~0.00~~Number ~~0.00~~Of ~~0.00~~Loans ~~3,338,571.99~~Paid 60In ~~Days~~Full 025 0Ending 0Scheduled 0Collateral 0Loan ~~0.00~~Count ~~0.00 0.00 0.00 0.00 90 Days~~ 1,189 0Beginning 0Scheduled 0Collateral 1Balance ~~400~~571,~~000.00 0.00 0.00 0.00 400~~002,~~000~~312.0046 ~~120~~Ending ~~Days~~Scheduled 0Collateral 0Balance ~~0 0 0 0~~556,646,723.0003 ~~0.00~~Ending ~~0.00~~Actual ~~0.00~~Collateral ~~0.00~~Balance ~~150~~at ~~Days~~30-Nov-2005 ~~1 0 0 0 1 526~~556,~~300~~715,939.0031 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~526~~2,~~300~~673,117.0053 ~~180+~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~Amount 0.00 ~~Totals~~Cumulative 8Realized 0Loss 0 ~~0 8 4,264,871~~.~~99 0.~~00 ~~0.00~~Scheduled ~~0.00~~Principal 4101,~~264,871~~904.9915 NoUnscheduled ~~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~~14,253,685.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.478469% 0.000000% 0.000000% 0.000000% 0.478469% 0.565244% 0.000000% 0.000000% 0.000000% 0.565244% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.079745% 0.000000% 0.000000% 0.000000% 0.079745% 0.067723% 0.000000% 0.000000% 0.000000% 0.067723% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.079745% 0.000000% 0.000000% 0.000000% 0.079745% 0.089106% 0.000000% 0.000000% 0.000000% 0.089106% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.637959% 0.000000% 0.000000% 0.000000% 0.637959% 0.722073% 0.000000% 0.000000% 0.000000% 0.722073%28

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group 1 NoGroup of2 ~~Loans~~Total NoCollateral ofDescription ~~Loans~~Mixed NoARM ofMixed ~~Loans~~ARM NoMixed ofARM ~~Loans~~Weighted NoAverage ofCoupon ~~Loans~~Rate ~~Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~5.00536482 05.00370508 05.00403579 ~~0.00~~Weighted 30Average ~~Days~~Net 0Rate ~~0 0 0 0 0~~5.00259129 05.00121679 05.00149067 ~~0.00~~Weighted ~~0.00~~Average 60Remaining ~~Days~~Term 0351 0352 0352 0Beginning 0Loan ~~0.00~~Count ~~0.00~~220 ~~0.00~~994 ~~0.00~~1,214 ~~0.00~~Loans 90Paid ~~Days~~In 0Full 012 013 025 0Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~208 ~~0.00~~981 ~~0.00~~1,189 ~~120~~Beginning ~~Days~~Scheduled 0Balance ~~0 0 0 0 0~~113,774,370.0066 0457,227,941.0080 0571,002,312.0046 ~~0.00~~Ending ~~0.00~~Scheduled ~~150~~Balance ~~Days 1 0 0 0 1 526~~106,~~300~~079,117.0078 0450,567,605.0025 ~~0.00 0.00 526~~556,~~300~~646,723.0003 ~~180+~~Record ~~Days~~Date 011/30/2005 011/30/2005 011/30/2005 0Principal 0And ~~0.00~~Interest ~~0.00~~Constant 0541,860.0068 02,131,256.0085 02,673,117.0053 ~~Totals~~Scheduled 1Principal ~~0 0 0 1 526~~16,~~300~~935.0085 ~~0.00 0.00 0.00 526~~84,~~300~~968.~~00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 30 ~~Days 0~~101,904.~~000000%~~15 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 07,678,317.~~000000%~~03 06,575,368.~~000000%~~25 014,253,685.~~000000%~~28 ~~0.000000%~~Scheduled ~~0.000000%~~Interest 0524,924.~~000000%~~83 02,046,288.~~000000%~~55 ~~60 Days 0~~2,571,213.~~000000%~~38 ~~0.000000%~~Servicing ~~0.000000%~~Fee 026,296.~~000000%~~38 094,809.~~000000%~~52 0121,105.~~000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 90 ~~Days~~Master ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Trustee ~~0.000000%~~Fee 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 0.434783% 0.000000% 0.000000% 0.000000% 0.434783% 0.444487% 0.000000% 0.000000% 0.000000% 0.444487% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.434783% 0.000000% 0.000000% 0.000000% 0.434783% 0.444487% 0.000000% 0.000000% 0.000000% 0.444487% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 ~~0.00~~FRY 30Amount ~~Days 6~~ 0 ~~0 0 6 3,338,571~~.~~99 0.~~00 0.00 0.00 ~~3,338,571.99~~Special 60Hazard ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other 0Fee 835.0008 ~~90 Days 1 0 0 0 1 400~~2,~~000~~247.0072 ~~0.00 0.00 0.00 400~~3,~~000~~082.0080 ~~120~~Pool ~~Days~~Insurance 0Fee 0 ~~0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00 Totals 7 0 0 0 7~~ 3~~,738,571.99~~ 0.00 0.00 0.00 ~~3,738,571.99~~Net ~~0-29~~Interest ~~Days 0~~497,793.~~000000%~~37 01,949,231.~~000000%~~31 02,447,024.~~000000%~~68 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 ~~30 Days~~ 0.~~585938%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~585938%~~00 0.~~706971%~~00 0.~~000000%~~00 ~~0.000000%~~Percentage ~~0.000000%~~of ~~0.706971%~~Cumulative 60Losses ~~Days~~ 0.~~000000%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through 90Rate ~~Days 0~~5.~~097656%~~250322 05.~~000000%~~115780 05.000000% 0.000000% 0.097656% 0.084703% 0.000000% 0.000000% 0.000000% 0.084703% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.683594% 0.000000% 0.000000% 0.000000% 0.683594% 0.791674% 0.000000% 0.000000% 0.000000% 0.791674%142588

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Group ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~Group 1 Average Loss 0 Senior Percentage 92.00298835% ~~Principal~~Senior ~~Balance~~Prepayment ofPercentage ~~Contaminated~~100.000000% ~~Properties~~Subordinate Percentage 7.701165% Subordinate Prepayment Percentage 0.00000000% ~~Periodic~~Group ~~Advance~~2 ~~18,892~~Average Loss 0 Senior Percentage 93.37338571% Senior Prepayment Percentage 100.000000% Subordinate Percentage 6.661429% Subordinate Prepayment Percentage 0.000000%

~~Summary~~LOAN 12STATUS ~~Month~~STRATIFICATION/CREDIT ~~REO~~ENHANCEMENT History*STATEMENT ~~New~~DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL No of Loans ~~Month~~No ~~REO~~of ~~Percentage~~Loans No of Loans inNo ~~REO~~of 0Loans ~~Oct-04~~No ~~0.000%~~of ~~Original~~Loans Principal Balance ~~0.00~~Principal ~~Nov-04~~Balance ~~0.000%~~Principal ~~Current~~Balance Principal Balance ~~0.00~~Principal ~~Dec-04~~Balance 0~~.000% Jan~~-0529 Days 0~~.000%~~ ~~Current~~0 ~~REO~~0 ~~Total~~0 ~~Feb-05~~ 0.~~000%~~00 ~~Loans in REO~~ 0.00 ~~Mar-05~~ 0.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Apr-05~~30 Days 0~~.000%~~ ~~Current~~0 ~~Principal~~0 ~~Balance~~0 0~~.00~~ ~~May-05~~ 0.~~000%~~00 ~~Jun-05~~ 0.~~000%~~00 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.~~000%~~00 ~~Sep-05~~ 0.~~000%~~00 *The60 ~~text~~Days ~~reported~~4 in0 ~~the~~0 ~~above~~0 ~~table~~4 is3,140,834.83 ~~presented~~0.00 ~~graphically~~0.00 on0.00 ~~the monthly bond remittance report~~3,140,834.83 ~~The~~90 ~~monthly~~Days ~~bond~~1 ~~remittance~~0 ~~report~~0 ~~can~~0 be1 ~~viewed~~460,000.00 ~~online~~0.00 at0.00 ~~www~~0.~~ctslink~~00 460,000.~~com.~~00 ~~Group~~120 1Days 120 ~~Month~~0 ~~REO~~0 History*0 ~~New~~0 ~~REO~~0.00 ~~Loans~~0.00 ~~Month~~0.00 ~~REO~~0.00 ~~Percentage~~0.00 ~~Loans~~150 inDays ~~REO~~0 0 ~~Oct-04~~0 0~~.000%~~ ~~Original~~0 ~~Principal Balance~~ 0.00 ~~Nov-04~~ 0.~~000%~~00 ~~Current Principal Balance~~ 0.00 ~~Dec-04~~ 0.~~000%~~00 ~~Jan-05~~ 0.~~000%~~00 ~~Current~~180+ ~~REO~~Days ~~Total~~0 ~~Feb-05~~ 0~~.000%~~ ~~Loans~~1 ~~in REO~~ 0 ~~Mar-05~~1 0.~~000%~~00 ~~Original Principal Balance~~ 0.00 ~~Apr-05~~526,300.00 0.~~000%~~00 ~~Current~~526,300.00 ~~Principal~~Totals ~~Balance~~5 0~~.00~~ ~~May-05~~1 0~~.000%~~ ~~Jun-05~~6 03,600,834.~~000%~~83 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~526,300.00 0.~~000%~~00 ~~Sep-05 0~~4,127,134.~~000%~~83 *TheNo ~~text~~of ~~reported~~Loans inNo ~~the~~of ~~above~~Loans ~~table~~No isof ~~presented~~Loans ~~graphically~~No onof ~~the~~Loans ~~monthly~~No ~~bond~~of ~~remittance~~Loans ~~report.~~Principal ~~The~~Balance ~~monthly~~Principal ~~bond~~Balance ~~remittance~~Principal ~~report~~Balance ~~can~~Principal beBalance ~~viewed~~Principal ~~online~~Balance at0-29 ~~www~~Days 0.~~ctslink~~000000% 0.~~com~~000000% 0.000000% ~~Group~~0.000000% 20.000000% 120.000000% ~~Month~~0.000000% ~~REO~~0.000000% History*30 ~~New~~Days ~~REO~~0.000000% ~~Loans~~0.000000% ~~Month~~0.000000% ~~REO~~0.000000% ~~Percentage~~0.000000% ~~Loans~~0.000000% in0.000000% ~~REO~~0.000000% 0.000000% ~~Oct-04~~ 0.~~000~~000000% ~~Original~~60 ~~Principal~~Days ~~Balance~~0.336417% 0.00000000% ~~Nov-04~~0.000000% 0.~~000~~000000% ~~Current~~0.336417% ~~Principal~~0.564172% ~~Balance~~0.000000% 0.00000000% ~~Dec-04~~ 0.~~000~~000000% ~~Jan-05~~ 0.~~000~~564172% ~~Current~~90 ~~REO~~Days ~~Total~~0.084104% ~~Feb-05~~0.000000% 0.~~000~~000000% ~~Loans~~0.000000% in0.084104% ~~REO~~0.082627% 0.000000% ~~Mar-05~~0.000000% 0.~~000~~000000% ~~Original~~0.082627% ~~Principal~~120 ~~Balance~~Days 0.00000000% ~~Apr-05~~0.000000% 0.~~000~~000000% ~~Current~~0.000000% ~~Principal~~0.000000% ~~Balance~~0.000000% 0.00000000% ~~May-05~~0.000000% 0.~~000~~000000% ~~Jun-05~~ 0.~~000~~000000% ~~Jul-05~~150 Days 0.~~000~~000000% ~~Aug-05~~0.000000% 0.~~000~~000000% ~~Sep-05~~0.000000% 0.~~000~~000000% *The0.000000% ~~text~~0.000000% ~~reported~~0.000000% in0.000000% ~~the~~0.000000% ~~above~~180+ ~~table~~Days is0.000000% ~~presented~~0.000000% ~~graphically~~0.084104% on0.000000% ~~the~~0.084104% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.094537% ~~report~~0.000000% ~~The~~0.094537% ~~monthly~~Totals ~~bond~~0.420521% ~~remittance~~0.000000% ~~report~~0.084104% ~~can~~0.000000% be0.504626% ~~viewed~~0.646799% ~~online~~0.000000% at0.094537% ~~www~~0.~~ctslink~~000000% 0.~~com.~~741336%

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 01 ~~Mar~~Jun-05 0.000% Original Principal Balance 0526,300.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0526,300.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.~~000~~091% ~~Aug~~Nov-05 0.~~000~~092% ~~Sep~~Dec-05 0.~~000~~095% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 01 ~~Mar~~Jun-05 0.000% Original Principal Balance 0526,300.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0526,300.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.~~000~~456% ~~Aug~~Nov-05 0.~~000~~463% ~~Sep~~Dec-05 0.~~000~~496% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance NoGroup ~~Foreclosure~~1 ~~loans~~0090343547 ~~this~~Oct-2005 ~~period~~01-Apr-2005 GA 79.98 526,300.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGroup ~~Foreclosure~~1 ~~loans~~0090343547 ~~this~~526,300.00 ~~period~~01-Apr-2005 7 6.625% 22,367.68

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.~~416938~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Feb-05 0.~~162233~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 5Apr-05 0.~~155769~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~354~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~Jun-05 ~~1,276~~0.000% ~~Number~~Original OfPrincipal ~~Loans~~Balance ~~Paid~~0.00 InJul-05 ~~Full~~0.000% 22Current ~~Ending~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 ~~Loan~~Aug-05 ~~Count~~0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1~~,254~~ ~~Beginning~~12 ~~Scheduled~~Month ~~Collateral~~Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance ~~602,347,343~~0.5000 ~~Ending~~Feb-05 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~590,575,229~~0.1900 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance at0.00 31Jul-05 0.000% Current Principal Balance 0.00 Aug-~~2005~~05 ~~590,642,364~~0.11000% ~~Monthly~~Sep-05 ~~P&I~~0.000% ~~Constant~~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 2~~,823,966~~ 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.20000% ~~Special~~Original ~~Servicing~~Principal ~~Fee~~Balance 0.00 ~~Prepayment~~Feb-05 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Mar-05 ~~Loss~~0.000% ~~Amount~~Apr-05 0.00000% ~~Cumulative~~Current ~~Realized~~Bankruptcy ~~Loss~~Total May-05 0.00000% ~~Scheduled~~Loans in Bankruptcy 0 Jun-05 0.000% Original Principal ~~104,900~~Balance 0.8200 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~11,667,213~~Balance 0.4900 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Group~~Loans 1in ~~Group~~Bankruptcy 2during ~~Total~~Current ~~Collateral~~Period ~~Description~~Group ~~Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.566874 5.378242 5.416938 Weighted Average Net Rate 5.288935 5.129533 5.162233 Weighted Average Maturity 353 354 354 Beginning~~ Loan ~~Count~~Month ~~241 1,035 1,276 Loans Paid In Full 11 11 22 Ending~~ Loan ~~Count~~First ~~230~~State ~~1,024~~LTV ~~1,254~~at ~~Beginning~~Original ~~Scheduled~~Number ~~Balance~~Entered ~~123,567,278.56~~Payment ~~478,780,064.94~~Origination ~~602,347,343.50~~Principal ~~Ending~~Bankruptcy ~~Scheduled~~Date Balance ~~118,392,936.23~~No ~~472,182,292.96~~Bankruptcy ~~590,575,229.19~~Loans ~~Record~~this Date 08/31/2005 08/31/2005 08/31/2005 Principal And Interest Constant 590,718.52 2,233,247.68 2,823,966.20 Scheduled Principal 17,482.31 87,418.51 104,900.82 Unscheduled Principal 5,156,860.02 6,510,353.47 11,667,213.49 Scheduled Interest 573,236.21 2,145,829.17 2,719,065.38 Servicing Fees 28,620.13 99,230.71 127,850.84 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 883.93 2,360.77 3,244.70 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 543,732.15 2,044,237.69 2,587,969.84 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 5.280351 5.123616 5.155769Period

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail ~~Group~~- ~~Group~~All 1Mortgage ~~Average~~Loans ~~Loss~~in 0Bankruptcy ~~Senior~~during ~~Percentage~~Current ~~92.906047%~~Period ~~Senior~~(continued) ~~Prepayment~~Group ~~Percentage~~Loan ~~100.000000%~~Current ~~Subordinate~~Paid ~~Percentage~~To ~~7.093953%~~Months ~~Subordinate~~Current ~~Prepayment~~Approximate ~~Percentage~~Number ~~0.000000%~~Principal ~~Group~~Date ~~Group~~Delinquent 2Loan ~~Average~~Rate ~~Loss~~Delinquent 0Balance ~~Senior~~Interest ~~Percentage~~No ~~93.634942%~~Bankruptcy ~~Senior~~Loans ~~Prepayment~~this ~~Percentage 100.000000% Subordinate Percentage 6.365058% Subordinate Prepayment Percentage 0.000000%~~Period

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 1 11 5,110,416.35 5,106,844.92 0 0.00 0.00 Group 2 11 6,384,303.00 6,372,709.16 0 0.00 0.00 Total 22 11,494,719.35 11,479,554.08 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 1 0 0.00 0.00 0 0.00 0.00 50,466.65 Group 2 0 0.00 0.00 0 0.00 0.00 139,744.36 Total 0 0.00 0.00 0 0.00 0.00 190,211.01

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 0001015560 CA 54.77 01-Mar-2005 630,000.00 630,000.00 Group 1 0035099709 CA 73.80 01-Apr-2005 369,066.35 369,066.35 Group 1 0046458418 WA 77.93 01-Apr-2005 487,050.00 483,515.25 Group 1 0080205642 NV 80.00 01-Feb-2005 575,200.00 575,200.00 Group 1 0081125013 CO 80.00 01-Apr-2005 375,200.00 374,892.46 Group 1 0089325080 CO 80.00 01-Apr-2005 708,000.00 707,819.31 Group 1 0090283780 AZ 76.91 01-May-2005 400,000.00 400,000.00 Group 1 0091069833 CA 80.00 01-Apr-2005 364,000.00 364,000.00 Group 1 0205015905 RI 80.00 01-Mar-2005 428,000.00 428,000.00 Group 1 0205035477 CA 75.00 01-Mar-2005 607,500.00 607,500.00 Group 1 0205047483 MO 80.00 01-Mar-2005 166,400.00 166,400.00 Group 2 0022661664 SC 80.00 01-May-2005 224,000.00 224,000.00 Group 2 0080559190 MD 50.00 01-Apr-2005 450,000.00 450,000.00 Group 2 0080595011 CA 80.00 01-Apr-2005 619,200.00 615,086.62 Group 2 0083267301 NJ 80.00 01-Apr-2005 420,000.00 420,000.00 Group 2 0089076608 IL 79.20 01-Mar-2005 400,000.00 396,745.87 Group 2 0089525164 CA 75.00 01-Apr-2005 393,750.00 391,010.33 Group 2 0089584146 CA 61.72 01-Apr-2005 1,000,000.00 1,000,000.00 Group 2 0090992482 CA 80.00 01-Apr-2005 925,347.00 925,110.84 Group 2 0096448151 CA 63.61 01-May-2005 388,006.00 385,655.45 Group 2 0097450790 CA 80.00 01-Jun-2005 564,000.00 564,000.00 Group 2 0098048879 CA 39.63 01-Jun-2005 1,000,000.00 999,000.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0001015560 Loan Paid in Full 0 5.375% 360 6 Group 1 0035099709 Loan Paid in Full 1 5.875% 360 5 Group 1 0046458418 Loan Paid in Full 0 6.500% 360 5 Group 1 0080205642 Loan Paid in Full 0 5.875% 360 7 Group 1 0081125013 Loan Paid in Full 0 7.000% 360 5 Group 1 0089325080 Loan Paid in Full 0 6.125% 360 5 Group 1 0090283780 Loan Paid in Full 0 5.750% 360 4 Group 1 0091069833 Loan Paid in Full 0 6.000% 360 5 Group 1 0205015905 Loan Paid in Full 0 6.000% 360 6 Group 1 0205035477 Loan Paid in Full 0 5.250% 360 6 Group 1 0205047483 Loan Paid in Full (1) 5.750% 360 6 Group 2 0022661664 Loan Paid in Full 0 5.250% 360 4 Group 2 0080559190 Loan Paid in Full 0 5.000% 360 5 Group 2 0080595011 Loan Paid in Full 0 5.500% 360 5 Group 2 0083267301 Loan Paid in Full 0 6.625% 360 5 Group 2 0089076608 Loan Paid in Full 0 5.250% 360 6 Group 2 0089525164 Loan Paid in Full 0 5.250% 360 5 Group 2 0089584146 Loan Paid in Full (1) 5.625% 360 5 Group 2 0090992482 Loan Paid in Full (1) 6.125% 360 5 Group 2 0096448151 Loan Paid in Full 0 5.000% 360 4 Group 2 0097450790 Loan Paid in Full 0 6.625% 360 4 Group 2 0098048879 Loan Paid in Full 0 5.750% 360 4

Summary SMM CPR PSA Current Month 1.937% Current Month 20.924% Current Month 2,113.718% 3 Month Average 1.947% 3 Month Average 21.004% 3 Month Average 2,749.642% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 10.970% N/A May-2005 5,677.329% N/A Jun-2005 18.042% N/A Jun-2005 4,613.132% N/A Jul-2005 19.016% N/A Jul-2005 3,216.108% N/A Aug-2005 23.071% N/A Aug-2005 2,919.102% N/A Sep-2005 20.924% N/A Sep-2005 2,113.718% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 SMM CPR PSA Current Month 4.174% Current Month 40.048% Current Month 3,583.085% 3 Month Average 4.285% 3 Month Average 40.479% 3 Month Average 4,478.934% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 29.655% N/A May-2005 9,505.263% N/A Jun-2005 32.509% N/A Jun-2005 6,327.290% N/A Jul-2005 31.970% N/A Jul-2005 4,464.098% N/A Aug-2005 49.420% N/A Aug-2005 5,389.620% N/A Sep-2005 40.048% N/A Sep-2005 3,583.085% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 1.360% Current Month 15.153% Current Month 1,581.992% 3 Month Average 1.323% 3 Month Average 14.768% 3 Month Average 2,047.887% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 4.810% N/A May-2005 3,007.664% N/A Jun-2005 13.502% N/A Jun-2005 3,777.902% N/A Jul-2005 15.081% N/A Jul-2005 2,704.610% N/A Aug-2005 14.070% N/A Aug-2005 1,857.058% N/A Sep-2005 15.153% N/A Sep-2005 1,581.992% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

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

Prepayment - Voluntary Prepayments

Filing Compare · Bear Stearns Arm Trust 2005-3