8-K 1 msm052ar_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 MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-2AR (Exact name of registrant as specified in its charter) New York (governing law of 333-104283-27 Pooling and Servicing Agreement) (Commission 54-2169475 (State or other File Number) 54-2169476 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of MORGAN STANLEY MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-2AR 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 2005-2AR 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. MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-2AR Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-2AR Trust, relating to the December 27, 2005 distribution. EX-99.1 Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Series 2005-2AR 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

Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Series 2005-2AR Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ A 61745M4E0 ~~SEN 3~~4.~~72000~~45375% ~~528~~452,~~333~~294,~~316~~435.3080 1,~~637~~678,~~833~~671.2840 X 61745M4F7 ~~SEN 1~~0.~~59764~~90910% 0.00 ~~757~~373,~~314~~277.6920 AR 61745M4K6 ~~SEN~~ 5.~~32665~~33942% 0.00 0.00 B1 61745M4G5 ~~SUB 3~~4.~~96000~~69375% 28,~~375~~330,~~285~~917.2204 93110,~~638~~815.4416 B2 61745M4H3 ~~SUB~~ 4.~~26000~~99375% 7,~~651~~639,~~021~~058.7950 2731,~~161~~789.1361 B3 61745M4J9 ~~SUB 4~~5.~~96000~~69375% 4,~~463~~456,~~595~~615.3396 1821,~~449~~145.5371 B4 61745M4A8 ~~SUB~~ 5.~~34661~~39624% 4,~~463~~456,~~595~~615.3396 1920,~~887~~040.5979 B5 61745M4B6 ~~SUB~~ 5.~~34661~~39624% 3,~~506~~501,~~967~~484.9640 15,~~625~~745.3370 B6 61745M4C4 ~~SUB~~ 5.~~34661~~39624% 2,~~232~~228,~~346~~856.7015 910,~~946~~022.2486 P 61745M4D2 ~~SEN~~ 0.00000% 0.00 1928,~~854~~609.1957 R1 MSM52ARR1 ~~SEN~~ 0.00000% 0.00 0.00 Totals ~~579~~502,~~026~~907,~~128~~983.6381 2,~~599~~290,~~710~~118.4200

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses A 1917,~~260~~074,~~394~~061.4163 0.00 ~~509~~435,~~072~~220,~~921~~374.8817 2018,~~898~~752,~~227~~733.6903 0.00 X 0.00 0.00 0.00 ~~757~~373,~~314~~277.6920 0.00 AR 0.00 0.00 0.00 0.00 0.00 B1 1011,~~621~~708.6590 0.00 28,~~364~~319,~~663~~208.5613 ~~104~~122,~~260~~524.0906 0.00 B2 23,~~863~~157.9915 0.00 7,~~648~~635,~~157~~901.8135 3034,~~025~~946.1276 0.00 B3 1,~~670~~841.8588 0.00 4,~~461~~454,~~924~~774.4808 2022,~~120~~987.3859 0.00 B4 1,~~670~~841.8588 0.00 4,~~461~~454,~~924~~774.4808 21,~~558~~882.4467 0.00 B5 1,~~312~~447.7513 0.00 3,~~505~~500,~~655~~037.2127 1617,~~938~~192.0883 0.00 B6 ~~835~~921.6317 0.00 2,~~231~~227,~~511~~934.0799 10,~~781~~944.8703 0.00 P 0.00 0.00 0.00 1928,~~854~~609.1957 0.00 R1 0.00 0.00 0.00 0.00 0.00 Totals 1917,~~279~~094,~~370~~979.1374 0.00 ~~559~~485,~~746~~813,~~758~~004.4907 2119,~~879~~385,~~080~~097.5574 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ A 587,781,900.00 ~~528~~452,~~333~~294,~~316~~435.3080 ~~197~~186,~~769~~929.7202 1916,~~062~~887,~~624~~132.6961 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 AR 100.00 0.00 0.00 0.00 0.00 0.00 B1 28,416,000.00 28,~~375~~330,~~285~~917.2204 1011,~~621~~708.6590 0.00 0.00 0.00 B2 7,662,000.00 7,~~651~~639,~~021~~058.7950 23,~~863~~157.9915 0.00 0.00 0.00 B3 4,470,000.00 4,~~463~~456,~~595~~615.3396 1,~~670~~841.8588 0.00 0.00 0.00 B4 4,470,000.00 4,~~463~~456,~~595~~615.3396 1,~~670~~841.8588 0.00 0.00 0.00 B5 3,512,000.00 3,~~506~~501,~~967~~484.9640 1,~~312~~447.7513 0.00 0.00 0.00 B6 2,235,549.82 2,~~232~~228,~~346~~856.7015 ~~835~~921.6317 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 638,547,549.82 ~~579~~502,~~026~~907,~~128~~983.6381 ~~216~~207,~~745~~847.4413 1916,~~062~~887,~~624~~132.6961 0.00 0.00 ~~(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal ~~Class~~ Reduction Balance Percentage Distribution A 1917,~~260~~074,~~394~~061.4163 ~~509~~435,~~072~~220,~~921~~374.8817 0.~~86609152~~740445 1917,~~260~~074,~~394~~061.4163 X 0.00 0.00 0.~~00000000~~000000 0.00 AR 0.00 0.00 0.~~00000000~~000000 0.00 B1 1011,~~621~~708.6590 28,~~364~~319,~~663~~208.5613 0.~~99819340~~996594 1011,~~621~~708.6590 B2 23,~~863~~157.9915 7,~~648~~635,~~157~~901.8135 0.~~99819340~~996594 23,~~863~~157.9915 B3 1,~~670~~841.8588 4,~~461~~454,~~924~~774.4808 0.~~99819340~~996594 1,~~670~~841.8588 B4 1,~~670~~841.8588 4,~~461~~454,~~924~~774.4808 0.~~99819340~~996594 1,~~670~~841.8588 B5 1,~~312~~447.7513 3,~~505~~500,~~655~~037.2127 0.~~99819340~~996594 1,~~312~~447.7513 B6 ~~835~~921.6317 2,~~231~~227,~~511~~934.0799 0.~~99819340~~996594 ~~835~~921.6317 P 0.00 0.00 0.~~00000000~~000000 0.00 R1 0.00 0.00 0.~~00000000~~000000 0.00 R1 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1917,~~279~~094,~~370~~979.1374 ~~559~~485,~~746~~813,~~758~~004.4907 0.~~87659370~~760809 1917,~~279~~094,~~370~~979.1374

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A 587,781,900.00 ~~898~~769.~~85945161~~493643 0.~~33646786~~318024 3228.~~43145917~~730270 0.~~00000000~~000000 X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AR 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B1 28,416,000.00 ~~998~~997.~~56718820~~005808 0.~~37379117~~412053 0.~~00000000~~000000 0.~~00000000~~000000 B2 7,662,000.00 ~~998~~997.~~56718742~~005808 0.~~37379144~~412053 0.~~00000000~~000000 0.~~00000000~~000000 B3 4,470,000.00 ~~998~~997.~~56718792~~005808 0.~~37379195~~412054 0.~~00000000~~000000 0.~~00000000~~000000 B4 4,470,000.00 ~~998~~997.~~56718792~~005808 0.~~37379195~~412054 0.~~00000000~~000000 0.~~00000000~~000000 B5 3,512,000.00 ~~998~~997.~~56718679~~005809 0.~~37378986~~412053 0.~~00000000~~000000 0.~~00000000~~000000 B6 2,235,549.82 ~~998~~997.~~56718917~~005806 0.~~37379171~~412055 0.~~00000000~~000000 0.~~00000000~~000000 P 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R1 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution A 0.~~00000000~~000000 3229.~~76792703~~048294 ~~866~~740.~~09152456~~445349 0.~~86609152~~740445 3229.~~76792703~~048294 X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AR 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B1 0.~~00000000~~000000 0.~~37379117~~412053 ~~998~~996.~~19339668~~593755 0.~~99819340~~996594 0.~~37379117~~412053 B2 0.~~00000000~~000000 0.~~37379144~~412053 ~~998~~996.~~19339729~~593755 0.~~99819340~~996594 0.~~37379144~~412053 B3 0.~~00000000~~000000 0.~~37379195~~412054 ~~998~~996.~~19339597~~593754 0.~~99819340~~996594 0.~~37379195~~412054 B4 0.~~00000000~~000000 0.~~37379195~~412054 ~~998~~996.~~19339597~~593754 0.~~99819340~~996594 0.~~37379195~~412054 B5 0.~~00000000~~000000 0.~~37378986~~412053 ~~998~~996.~~19339692~~593756 0.~~99819340~~996594 0.~~37378986~~412053 B6 0.~~00000000~~000000 0.~~37379171~~412055 ~~998~~996.~~19339745~~593755 0.~~99819340~~996594 0.~~37379171~~412055 P 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~000000

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ A ~~587,781,900.00~~11/25/05 3- 12/24/05 30 4.~~72000~~45375% ~~528~~452,~~333~~294,~~316~~435.3080 1,~~637~~678,~~833~~671.2895 0.00 ~~0.00~~ X 11/01/05 - 11/30/05 30 0.~~00 1.59764~~90910% ~~568~~492,~~823~~721,~~218~~027.6430 ~~757~~373,~~314~~277.6920 0.00 ~~0.00~~ AR ~~100.00~~N/A N/A 5.~~32665~~33942% 0.00 0.00 0.00 ~~0.00~~ B1 ~~28,416,000.00~~11/25/05 3- 12/24/05 30 4.~~96000~~69375% 28,~~375~~330,~~285~~917.2204 93110,~~638~~815.4420 0.00 ~~0.00~~ B2 ~~7,662,000.00~~11/25/05 - 12/24/05 30 4.~~26000~~99375% 7,~~651~~639,~~021~~058.7950 2731,~~161~~789.1362 0.00 ~~0.00~~ B3 ~~4,470,000.00~~11/25/05 4- 12/24/05 30 5.~~96000~~69375% 4,~~463~~456,~~595~~615.3396 1821,~~449~~145.5371 0.00 ~~0.00~~ B4 ~~4,470,000.00~~11/01/05 - 11/30/05 30 5.~~34661~~39624% 4,~~463~~456,~~595~~615.3396 1920,~~887~~040.5980 0.00 ~~0.00~~ B5 ~~3,512,000.00~~11/01/05 - 11/30/05 30 5.~~34661~~39624% 3,~~506~~501,~~967~~484.9640 15,~~625~~745.3370 0.00 ~~0.00~~ B6 ~~2,235,549.82~~11/01/05 - 11/30/05 30 5.~~34661~~39624% 2,~~232~~228,~~346~~856.7015 910,~~946~~022.2486 0.00 ~~0.00~~ P ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R1 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~638,547,549.82~~ 2,~~579~~261,~~856~~509.2304 0.00 ~~0.00~~

Interest Distribution Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total ~~Unpaid~~Remaining ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Unpaid Interest Certificate/Notional ~~Class~~ Shortfall ~~Losses~~ (41) Shortfall Distribution Shortfall(2) Balance A 0.00 0.0056 1,~~637~~678,~~833~~671.2840 0.00 ~~509~~435,~~072~~220,~~921~~374.8817 X 0.00 0.0012 ~~757~~373,~~314~~277.6920 0.00 ~~549~~475,~~547~~630,~~667~~257.74 AR 0.00 0.00 0.00 0.00 0.00 B1 0.00 0.0004 93110,~~638~~815.4416 0.00 28,~~364~~319,~~663~~208.5613 B2 0.00 0.0001 2731,~~161~~789.1361 0.00 7,~~648~~635,~~157~~901.8135 B3 0.00 0.0001 1821,~~449~~145.5371 0.00 4,~~461~~454,~~924~~774.4808 B4 0.00 0.0001 1920,~~887~~040.5979 0.00 4,~~461~~454,~~924~~774.4808 B5 0.00 0.0001 15,~~625~~745.3370 0.00 3,~~505~~500,~~655~~037.2127 B6 0.00 0.00 910,~~946~~022.2486 0.00 2,~~231~~227,~~511~~934.0799 P 0.00 0.00 1928,~~854~~609.1957 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.0076 2,~~599~~290,~~710~~118.4200 0.00 (41,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~ or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~applicable

Interest Distribution Factors Statement ~~Beginning~~Class ~~Payment~~Accrual of Original Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of Dates Face Certificate Certificate/Notional Accrued ~~Interest~~Unpaid Interest ~~Class (5)~~ Amount Rate Balance Interest Shortfall ~~Shortfall~~ A 11/25/05 - 12/24/05 587,781,900.00 34.~~72000~~45375% ~~898~~769.~~85945161~~493643 2.~~78646430~~855944 0.~~00000000~~000000 ~~0.00000000~~ X 11/01/05 - 11/30/05 0.00 10.~~59764~~90910% ~~905~~784.~~29388883~~175681 ~~1.20528195~~ 0.~~00000000~~594078 0.~~00000000~~000000 AR N/A 100.00 5.~~32665~~33942% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ B1 11/25/05 - 12/24/05 28,416,000.00 34.~~96000~~69375% ~~998~~997.~~56718820~~005808 3.~~29527168~~899747 0.~~00000000~~000000 ~~0.00000000~~ B2 11/25/05 - 12/24/05 7,662,000.00 4.~~26000~~99375% ~~998~~997.~~56718742~~005808 34.~~54491386~~148998 0.~~00000000~~000000 ~~0.00000000~~ B3 11/25/05 - 12/24/05 4,470,000.00 45.~~96000~~69375% ~~998~~997.~~56718792~~005808 4.~~12741163~~730584 0.~~00000000~~000000 ~~0.00000000~~ B4 11/01/05 - 11/30/05 4,470,000.00 5.~~34661~~39624% ~~998~~997.~~56718792~~005808 4.~~44912528~~483400 0.~~00000000~~000000 ~~0.00000000~~ B5 11/01/05 - 11/30/05 3,512,000.00 5.~~34661~~39624% ~~998~~997.~~56718679~~005809 4.~~44912585~~483400 0.~~00000000~~000000 ~~0.00000000~~ B6 11/01/05 - 11/30/05 2,235,549.82 5.~~34661~~39624% ~~998~~997.~~56718917~~005806 4.~~44912473~~483398 0.~~00000000~~000000 ~~0.00000000~~ P N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R1 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) Per $1 denomination.~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance A 0.~~00000000~~000000 0.~~00000000~~000001 2.~~78646430~~855943 0.~~00000000~~000000 ~~866~~740.~~09152456~~445349 X 0.~~00000000~~000000 0.~~00000000~~000000 10.~~20528195~~594078 0.~~00000000~~000000 ~~874~~756.~~61645187~~975369 AR 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B1 0.~~00000000~~000000 0.~~00000000~~000001 3.~~29527168~~899745 0.~~00000000~~000000 ~~998~~996.~~19339668~~593755 B2 0.~~00000000~~000000 0.~~00000000~~000001 34.~~54491386~~148996 0.~~00000000~~000000 ~~998~~996.~~19339729~~593755 B3 0.~~00000000~~000000 0.~~00000000~~000002 4.~~12741163~~730584 0.~~00000000~~000000 ~~998~~996.~~19339597~~593754 B4 0.~~00000000~~000000 0.~~00000000~~000002 4.~~44912528~~483398 0.~~00000000~~000000 ~~998~~996.~~19339597~~593754 B5 0.~~00000000~~000000 0.~~00000000~~000003 4.~~44912585~~483400 0.~~00000000~~000000 ~~998~~996.~~19339692~~593756 B6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~44912473~~483398 0.~~00000000~~000000 ~~998~~996.~~19339745~~593755 P 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~Per ~~Refer~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2219,~~030~~355,~~250~~092.4502 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 50116,~~372~~460.4664 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 1928,~~854~~609.1957 Swap/Cap Payments 0.00 Total Deposits 2219,~~100~~500,~~477~~162.1023 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances ~~88,364~~0.4600 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 133~~115,~~032~~064.0961 Payment of Interest and Principal 2119,~~879~~385,~~080~~097.5562 Total Withdrawals (Pool Distribution Amount) 2219,~~100~~500,~~477~~162.1023 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~133~~115,~~032~~064.0961 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~133~~115,~~032~~064.0961 *Servicer Payees include: GREENPOINT MTG FUNDING, INC; MORGAN STANLEY DEAN WITTER; OPTION ONE; PHH US MTG CORP; WELLS FARGO BANK, N.A.

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Reserve Fund 5,000.00 01,104.0092 01,104.0092 5,000.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~Fixed ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.669265% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.394707% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of5.394707% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~338 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~1,250 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~42 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 141,208 0Beginning 0Scheduled 0Collateral 14Balance 8502,~~290~~907,~~508~~983.1181 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 8Balance 485,~~290~~813,~~508~~004.1108 60Ending ~~Days~~Actual 5Collateral 0Balance 0at 030-Nov-2005 ~~5 1~~485,~~090~~982,~~812~~962.7570 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant 12,~~090~~583,~~812~~779.7522 90Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Amount ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Count ~~150 Days~~ 0 0Prepayment 0Penalty 0Paid 0Amount 028,609.0057 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+~~Not ~~Days~~Available 0Realized 0Loss 0Amount 0 ~~0 0~~.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled 19Principal ~~0 0 0 19 9~~207,~~381,320~~847.8612 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 9~~16,~~381~~887,~~320~~132.86 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 1.021898% 0.000000% 0.000000% 0.000000% 1.021898% 1.480790% 0.000000% 0.000000% 0.000000% 1.480790% 60 Days 0.364964% 0.000000% 0.000000% 0.000000% 0.364964% 0.194833% 0.000000% 0.000000% 0.000000% 0.194833% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.386861% 0.000000% 0.000000% 0.000000% 1.386861% 1.675623% 0.000000% 0.000000% 0.000000% 1.675623%61

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group 1 No2 ofTotal ~~Loans~~Collateral NoDescription ofMixed ~~Loans~~Fixed NoMixed ofFixed ~~Loans~~Mixed NoFixed ofWeighted ~~Loans~~Average NoCoupon ofRate ~~Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~6.00050961 05.00551460 05.00669265 ~~0.00~~Weighted 30Average ~~Days~~Net 6Rate ~~0 0 0 6 2,533,273~~5.78799424 05.00269797 05.00394707 ~~0.00~~Weighted ~~2,533,273.78~~Average 60Remaining ~~Days~~Term 3301 0349 0338 0Beginning 3Loan ~~527,714.19~~Count ~~0.00~~254 ~~0.00~~996 ~~0.00 527~~1,~~714.19~~250 90Loans ~~Days~~Paid 0In 0Full 04 038 042 ~~0.00~~Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~250 ~~0.00~~958 ~~120~~1,208 ~~Days~~Beginning 0Scheduled 0Balance ~~0 0 0 0~~118,608,364.0062 0384,299,619.0019 0502,907,983.0081 ~~0.00~~Ending ~~0.00~~Scheduled ~~150~~Balance ~~Days 0 0 0 0 0 0~~117,061,509.0064 0368,751,494.0044 0485,813,004.0008 ~~0.00~~Record ~~0.00~~Date ~~180+~~11/30/2005 ~~Days~~11/30/2005 011/30/2005 0Principal 0And 0Interest 0Constant 0770,645.0003 ~~0.00 0.00 0.00 0.00 Totals 9 0 0 0 9 3~~1,~~060~~813,~~987~~134.9719 ~~0.00 0.00 0.00 3~~2,~~060~~583,~~987~~779.9722 ~~0-29~~Scheduled ~~Days~~Principal 0172,566.~~000000%~~17 035,280.~~000000%~~95 0207,847.~~000000%~~12 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal ~~0.000000% 0.000000% 0.000000% 30 Days 2.230483% 0.000000% 0.000000% 0.000000% 2.230483%~~ 1,374,288.~~987037%~~81 015,512,843.~~000000%~~80 016,887,132.~~000000%~~61 ~~0.000000%~~Scheduled ~~1.987037%~~Interest ~~60 Days 1~~598,078.~~115242%~~86 ~~0.000000% 0.000000% 0.000000%~~ 1,777,853.~~115242%~~24 02,375,932.~~413926%~~10 ~~0.000000%~~Servicing ~~0.000000%~~Fee 024,862.~~000000%~~04 ~~0.413926%~~ 90 ~~Days 0~~,202.~~000000%~~57 0115,064.~~000000%~~61 ~~0.000000%~~Master ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Trustee ~~0.000000%~~Fee ~~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 3.345725% 0.000000% 0.000000% 0.000000% 3.345725% 2.400963% 0.000000% 0.000000% 0.000000% 2.400963% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 ~~0.00~~FRY 30Amount ~~Days 8~~ 0 ~~0 0 8 5,757,234~~.~~33 0.~~00 0.00 0.00 ~~5,757,234.33~~Special 60Hazard ~~Days~~Fee 2 0 ~~0 0 2 563,098~~.~~56 0.~~00 0.00 0.00 ~~563,098.56~~Other 90Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Pool ~~0.00~~Insurance ~~120~~Fee ~~Days~~ 0 ~~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~~3 ~~Totals 10~~ 0 ~~0 0 10 6,320,332~~.~~89 0.~~00 0.00 0.00 ~~6,320,332.89~~Net ~~0-29~~Interest ~~Days 0~~573,216.~~000000%~~82 ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.726612% 0.000000% 0.000000% 0.000000% 0.726612%~~ 1,687,650.~~331520%~~67 02,260,867.~~000000%~~49 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~1.331520%~~Amount ~~60 Days~~ 0.~~181653%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.181653%~~Realized ~~0.130232%~~Loss 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.130232%~~Percentage 90of ~~Days~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 ~~120 Days~~ 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~150~~Paid ~~Days~~Amount 0.~~000000%~~00 028609.~~000000%~~57 028609.~~000000%~~57 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Count 0~~.000000%~~ ~~0.000000%~~Not ~~0.000000%~~Available ~~180+~~Not ~~Days~~Available ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through ~~0.000000%~~Rate 05.~~000000%~~799424 05.~~000000%~~269797 ~~Totals 0~~5.~~908265% 0.000000% 0.000000% 0.000000% 0.908265% 1.461752% 0.000000% 0.000000% 0.000000% 1.461752%~~394707

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Deal ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~Senior 0Prepayment Percentage 89.00935823% ~~Principal~~Senior ~~Balance~~Prepayment ofPercentage ~~Contaminated~~100.000000% ~~Properties~~Subordinate 0Percentage 10.00064177% ~~Periodic~~Subordinate ~~Advance~~Prepayment ~~50,372~~Percentage 0.46000000%

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT ~~Original~~STATEMENT $DELINQUENT ~~Original~~BANKRUPTCY %FORECLOSURE ~~Current~~REO $TOTAL ~~Current~~No %of ~~Bankruptcy~~Loans ~~196,457~~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.~~03076623%~~00 ~~196,457~~0.00 0.~~03509748%~~00 ~~Fraud~~30 19Days 34 1 0 0 35 16,~~156~~169,~~426~~980.85 478,999.76 0.00 20.~~99999992%~~00 1916,~~156~~648,~~426~~980.61 60 Days 1 0 0 0 1 108,348.28 0.00 30.~~42233800%~~00 ~~Special~~0.00 ~~Hazard~~108,348.28 90 Days 6 0 0 0 6 4,~~385~~752,~~476~~954.36 0.00 10.~~00000008%~~00 60.00 4,~~385~~752,~~476~~954.36 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 1 0 0 0 1 432,000.~~14077945%~~00 ~~Limit~~0.00 0.00 0.00 432,000.00 Totals 42 1 0 0 43 21,463,283.49 478,999.76 0.00 0.00 21,942,283.25 No of ~~Subordinate's~~Loans ~~Exposure~~No toof ~~Certain~~Loans ~~Types~~No of ~~Losses~~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 2.814570% 0.082781% 0.000000% 0.000000% 2.897351% 3.327273% 0.098563% 0.000000% 0.000000% 3.425836% 60 Days 0.082781% 0.000000% 0.000000% 0.000000% 0.082781% 0.022295% 0.000000% 0.000000% 0.000000% 0.022295% 90 Days 0.496689% 0.000000% 0.000000% 0.000000% 0.496689% 0.978008% 0.000000% 0.000000% 0.000000% 0.978008% 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 0.082781% 0.000000% 0.000000% 0.000000% 0.082781% 0.088892% 0.000000% 0.000000% 0.000000% 0.088892% Totals 3.476821% 0.082781% 0.000000% 0.000000% 3.559603% 4.416468% 0.098563% 0.000000% 0.000000% 4.515031%

~~Summary~~OTHER 12INFORMATION ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000%~~ Current ~~Principal~~Period ~~Balance~~Class ~~0.00~~A ~~Nov-04~~Insufficient ~~0.000%~~Funds ~~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~~of ~~Apr-05~~Contaminated ~~0.000%~~Properties ~~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. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 ~~Oct-04~~Periodic ~~0.000%~~Advance ~~Current Principal Balance 0~~116,460.00 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. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% 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.64

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. 1 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. 2 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* ~~Fixed~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Gross~~Month ~~Coupon~~Bankruptcy 5Percentage Loans in Bankruptcy 0 Jan-05 0.~~622312~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Feb-05 0.~~346611~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass-Through~~Balance ~~Rate~~0.00 5Mar-05 0.~~346611~~000% ~~Weighted~~Apr-05 ~~Average~~0.000% ~~Maturity(Stepdown~~Current ~~Calculation)~~Bankruptcy ~~351~~Total ~~Beginning~~May-05 ~~Scheduled~~0.000% ~~Collateral~~Loans ~~Loan~~in ~~Count~~Bankruptcy 1 Jun-05 0.000% Original Principal Balance 479,~~412~~000.00 ~~Number~~Jul-05 Of0.000% ~~Loans~~Current ~~Paid~~Principal InBalance ~~Full~~478,999.76 42Aug-05 ~~Ending~~0.000% ~~Scheduled~~Sep-05 ~~Collateral~~0.000% ~~Loan~~Oct-05 ~~Count~~0.000% Nov-05 0.095% Dec-05 0.099% *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. 1~~,370~~ ~~Beginning~~12 ~~Scheduled~~Month ~~Collateral~~Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance ~~579,026,128~~0.6300 ~~Ending~~Feb-05 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~559,746,758~~0.5000 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Apr-05 ~~Balance~~0.000% atCurrent 29Bankruptcy Total May-~~Jul~~05 0.000% Loans in Bankruptcy 0 Jun-~~2005~~05 ~~559,870,661~~0.17000% ~~Monthly~~Original ~~P&I~~Principal ~~Constant~~Balance ~~2,929,633~~0.5200 ~~Special~~Jul-05 ~~Servicing~~0.000% ~~Fee~~Current Principal Balance 0.00 ~~Prepayment~~Aug-05 ~~Penalties~~0.000% ~~19,854~~Sep-05 0.19000% ~~Realized~~Oct-05 ~~Loss~~0.000% ~~Amount~~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. 2 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 1 Jun-05 0.000% Original Principal ~~216~~Balance 479,~~745~~000.4400 ~~Unscheduled~~Jul-05 0.000% Current Principal 19Balance 478,~~062,624~~999.6976 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.125% Dec-05 0.130% *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.

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail ~~Senior~~- ~~Prepayment~~All ~~Percentage~~Mortgage ~~91.245160%~~Loans ~~Senior~~in ~~Prepayment~~Bankruptcy ~~Percentage~~during ~~100.000000%~~Current ~~Subordinate~~Period ~~Percentage~~Group ~~8.754840%~~Loan ~~Subordinate~~Month ~~Prepayment~~Loan ~~Percentage~~First 0State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance 2 0085364032 Nov-2005 01-Dec-2004 CA 79.~~000000%~~85 479,000.00

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage 1Loans 2in ~~Total~~Bankruptcy ~~Collateral~~during ~~Description~~Current ~~Mixed~~Period ~~Fixed~~(continued) ~~Mixed~~Group ~~Fixed Mixed Fixed Weighted Average Coupon Rate 6.079182 5.487995 5.622312 Weighted Average Net Rate 5.827791 5.205146 5.346611 Weighted Average Maturity 310 352 351 Beginning~~ Loan ~~Count~~Current ~~275~~Paid ~~1,137~~To ~~1,412~~Months ~~Loans~~Current ~~Paid~~Approximate InNumber ~~Full~~Principal 6Date 36Delinquent ~~42 Ending~~ Loan ~~Count~~Rate ~~269~~Delinquent ~~1,101 1,370 Beginning Scheduled~~ Balance ~~131,553,926.49 447,472,202.14 579,026,128.63 Ending Scheduled Balance 127,390,816.39 432,355,942.11 559,746,758.50 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And~~ Interest ~~Constant 843,948.14~~ 2~~,085,685.38~~ ~~2,929,633.52~~0085364032 ~~Scheduled Principal 177~~478,~~497~~999.9276 ~~39,247.52~~01-Oct-2005 216,745.44 Unscheduled Principal 3,985,612.18 15,077,012.51 19,062,624.69 Scheduled Interest 666,450.22 2,046,437.86 2,712,888.08 Servicing Fees 27,559.52 105,472.57 133,032.09 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 06.00125% ~~0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 638~~7,~~890~~035.70 1,940,965.29 2,579,855.99 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 5.827791 5.205146 5.34661131

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 1 6 3,995,000.00 3,975,757.38 0 0.00 0.00 2 36 14,574,490.00 14,555,665.86 0 0.00 0.00 Total 42 18,569,490.00 18,531,423.24 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 1 0 0.00 0.00 0 0.00 0.00 12,026.45 2 0 0.00 0.00 0 0.00 0.00 522,494.23 Total 0 0.00 0.00 0 0.00 0.00 534,520.68

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 0000022939 TX 86.67 01-Dec-2002 104,000.00 101,669.09 1 0000061760 CO 64.81 01-Dec-2004 1,750,000.00 1,734,375.71 1 0000064046 CO 60.00 01-Mar-2005 810,000.00 810,000.00 1 0001059560 NJ 80.00 01-Oct-2004 380,000.00 376,548.20 1 0001086687 CA 74.92 01-Jan-2005 675,000.00 674,992.73 1 0001102205 CA 80.00 01-Mar-2005 276,000.00 276,000.00 2 0000060111 IL 85.00 01-Nov-2004 55,250.00 54,733.63 2 0000060223 CO 80.00 01-Nov-2004 420,000.00 420,000.00 2 0000061552 CA 79.68 01-Dec-2004 500,000.00 500,000.00 2 0000061903 CA 65.00 01-Dec-2004 292,500.00 292,500.00 2 0000062006 MA 68.15 01-Dec-2004 460,000.00 460,000.00 2 0000062891 VA 75.12 01-Jan-2005 646,000.00 646,000.00 2 0000063552 AZ 76.47 01-Feb-2005 195,000.00 194,994.22 2 0000063980 VA 79.99 01-Feb-2005 491,000.00 491,000.00 2 0001018250 VA 80.00 01-Aug-2004 512,000.00 512,000.00 2 0001037111 CA 80.00 01-Aug-2004 548,000.00 547,702.85 2 0001042206 DC 90.00 01-Oct-2004 167,690.00 167,663.69 2 0001064230 CA 80.00 01-Nov-2004 468,800.00 468,719.42 2 0001067679 CA 80.00 01-Nov-2004 143,200.00 142,023.83 2 0001085385 CA 90.00 01-Dec-2004 231,750.00 231,750.00 2 0001086727 CA 72.73 01-Dec-2004 1,000,000.00 1,000,000.00 2 0001093203 CA 65.00 01-Feb-2005 594,750.00 594,750.00 2 0001093491 NJ 85.00 01-Jan-2005 361,250.00 358,208.91 2 0001095359 CT 39.47 01-Jan-2005 300,000.00 300,000.00 2 0001095376 CA 63.09 01-Jan-2005 1,000,000.00 1,000,000.00 2 0001095381 CA 80.00 01-Feb-2005 576,250.00 576,250.00 2 0001096769 CA 80.00 01-Feb-2005 468,000.00 467,993.75 2 0001098414 CA 80.00 01-Feb-2005 324,000.00 323,900.00 2 0001098693 NJ 60.00 01-Dec-2004 54,000.00 54,000.00 2 0001101702 VA 80.00 01-Mar-2005 408,000.00 408,000.00 2 0029611068 NY 75.00 01-Jan-2005 588,750.00 583,320.97 2 0083459768 CA 80.00 01-Jul-2004 492,000.00 492,000.00 2 0085124501 CA 75.58 01-Jan-2005 650,000.00 650,000.00 2 0085350718 CA 80.00 01-Jan-2005 425,200.00 424,404.10 2 0201721750 NV 80.00 01-Nov-2004 382,000.00 382,000.00 2 0201879210 CA 80.00 01-Jan-2005 530,400.00 527,413.18 2 0390505943 NV 61.90 01-Oct-2004 130,000.00 130,000.00 2 0390510355 IL 31.29 01-Dec-2004 87,000.00 87,000.00 2 0390510367 CA 50.18 01-Dec-2004 333,700.00 328,396.71 2 0390513078 CA 75.67 01-Feb-2005 199,000.00 199,000.00 2 0390514555 FL 70.00 01-Mar-2005 189,000.00 188,935.49 2 0390514747 NM 70.00 01-Mar-2005 350,000.00 349,857.53

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 0000022939 Loan Paid in Full (1) 8.625% 360 32 1 0000061760 Loan Paid in Full 0 6.125% 360 8 1 0000064046 Loan Paid in Full (1) 6.000% 360 5 1 0001059560 Loan Paid in Full 0 7.125% 360 10 1 0001086687 Loan Paid in Full 2 6.375% 360 7 1 0001102205 Loan Paid in Full 0 5.875% 360 5 2 0000060111 Loan Paid in Full 0 6.500% 360 9 2 0000060223 Loan Paid in Full 0 5.250% 360 9 2 0000061552 Loan Paid in Full 0 5.625% 360 8 2 0000061903 Loan Paid in Full 0 5.625% 360 8 2 0000062006 Loan Paid in Full 0 5.750% 360 8 2 0000062891 Loan Paid in Full 0 5.500% 360 7 2 0000063552 Loan Paid in Full 0 6.125% 360 6 2 0000063980 Loan Paid in Full 0 5.750% 360 6 2 0001018250 Loan Paid in Full (1) 5.250% 360 12 2 0001037111 Loan Paid in Full 0 5.375% 360 12 2 0001042206 Loan Paid in Full (1) 5.000% 360 10 2 0001064230 Loan Paid in Full (1) 5.125% 360 9 2 0001067679 Loan Paid in Full (1) 7.125% 360 9 2 0001085385 Loan Paid in Full 0 5.750% 360 8 2 0001086727 Loan Paid in Full 0 5.375% 360 8 2 0001093203 Loan Paid in Full 0 5.375% 360 6 2 0001093491 Loan Paid in Full 0 7.250% 360 7 2 0001095359 Loan Paid in Full (1) 5.875% 360 7 2 0001095376 Loan Paid in Full 0 5.125% 360 7 2 0001095381 Loan Paid in Full (1) 5.375% 360 6 2 0001096769 Loan Paid in Full (1) 5.625% 360 6 2 0001098414 Loan Paid in Full (1) 5.750% 360 6 2 0001098693 Loan Paid in Full (1) 6.625% 360 8 2 0001101702 Loan Paid in Full (1) 6.375% 360 5 2 0029611068 Loan Paid in Full 0 5.375% 360 7 2 0083459768 Loan Paid in Full 0 5.250% 360 13 2 0085124501 Loan Paid in Full 0 5.250% 360 7 2 0085350718 Loan Paid in Full (1) 5.375% 360 7 2 0201721750 Loan Paid in Full 0 6.000% 360 9 2 0201879210 Loan Paid in Full 0 6.375% 360 7 2 0390505943 Loan Paid in Full 0 4.500% 360 10 2 0390510355 Loan Paid in Full 0 5.625% 360 8 2 0390510367 Loan Paid in Full 0 5.750% 360 8 2 0390513078 Loan Paid in Full 0 4.750% 360 6 2 0390514555 Loan Paid in Full 0 4.875% 360 5 2 0390514747 Loan Paid in Full 0 4.875% 360 5

Summary SMM CPR PSA Current Month 3.293% Current Month 33.093% Current Month 2,303.049% 3 Month Average 2.474% 3 Month Average 25.723% 3 Month Average 2,042.775% 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 21.600% N/A Apr-2005 3,354.288% N/A May-2005 33.814% N/A May-2005 3,994.373% N/A Jun-2005 17.742% N/A Jun-2005 1,702.255% N/A Jul-2005 26.334% N/A Jul-2005 2,123.020% N/A Aug-2005 33.093% N/A Aug-2005 2,303.049% 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. 1 SMM CPR PSA Current Month 3.034% Current Month 30.905% Current Month 2,128.645% 3 Month Average 2.169% 3 Month Average 22.344% 3 Month Average 1,694.955% 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 18.890% N/A Apr-2005 2,806.724% N/A May-2005 33.027% N/A May-2005 3,765.960% N/A Jun-2005 5.452% N/A Jun-2005 512.664% N/A Jul-2005 30.675% N/A Jul-2005 2,443.555% N/A Aug-2005 30.905% N/A Aug-2005 2,128.645% 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. 2 SMM CPR PSA Current Month 3.370% Current Month 33.723% Current Month 2,354.124% 3 Month Average 2.563% 3 Month Average 26.589% 3 Month Average 2,136.049% 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 22.373% N/A Apr-2005 3,520.820% N/A May-2005 34.042% N/A May-2005 4,064.034% N/A Jun-2005 21.042% N/A Jun-2005 2,031.187% N/A Jul-2005 25.003% N/A Jul-2005 2,022.834% N/A Aug-2005 33.723% N/A Aug-2005 2,354.124% 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~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~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 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% 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~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~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 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% 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. 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. ~~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~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~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 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% 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~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~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 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% 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. 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. ~~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~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~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 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% 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~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~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 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% 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 · Morgan Stanley Mortgage Loan Trust 2005-2AR