8-K 1 mit05003_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 MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2005-3 (Exact name of registrant as specified in its charter) New York (governing law of 333-119686-04 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction 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 MORTGAGE IT TRUST, Mortgage-Backed Notes, 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-Backed Notes, 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. MORTGAGE IT TRUST Mortgage-Backed Notes, 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: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-3 Trust, relating to the December 27, 2005 distribution. EX-99.1 MortgageIT Trust Mortgage-Backed Notes Record Date: 11/30/2005 Distribution Date: 12/27/2005 MortgageIT Trust Mortgage-Backed Notes 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

MortgageIT Trust Mortgage-Backed Notes Record Date: 7/29/2005 Distribution Date: 8/25/2005 MortgageIT Trust Mortgage-Backed Notes 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~~ A-1 61915RAK2 ~~SEN 3~~4.~~76000~~49375% ~~528~~487,~~178~~072,~~781~~166.1288 1,~~654~~823,~~960~~983.1879 A-2 61915RAL0 ~~SEN 3~~4.~~81000~~54375% 5854,~~686~~119,~~973~~537.1315 ~~186~~204,~~331~~921.1437 M-1 61915RAM8 ~~MEZZ 3~~4.~~93000~~66375% 4945,~~173~~346,~~928~~865.7326 ~~161~~176,~~044~~238.6270 M-2 61915RAN6 ~~MEZZ 3~~4.~~99000~~72375% 2624,~~560~~493,~~563~~431.1497 8896,~~313~~417.8737 M-3 61915RAP1 ~~MEZZ~~ 4.~~04000~~77375% 1917,~~023~~542,~~106~~593.0417 6469,~~044~~786.4663 M-4 61915RAQ9 ~~MEZZ~~ 4.~~09000~~82375% 3,~~589~~309,~~265~~923.2924 1213,~~233~~305.4120 B-1 61915RAR7 ~~SUB 4~~5.~~51000~~24375% 1211,~~203~~253,~~501~~739.9801 4549,~~864~~176.8349 B-2 61915RAS5 ~~SUB~~ 5.~~16000~~89375% 76,~~178~~619,~~530~~846.5848 3032,~~867~~513.6810 B-3 61915RAT3 ~~SUB 5~~6.~~96000~~69375% 4,~~809~~434,~~217~~930.7939 2324,~~885~~738.7860 Owner Trust OT 0.00000% 8,519,951.64 ~~976~~495,~~358~~433.8768 Totals ~~717~~662,~~923~~712,~~819~~985.4419 32,~~243~~986,~~904~~514.8493

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-1 7,~~123~~862,~~368~~922.1667 0.00 ~~521~~479,~~055~~209,~~412~~244.9621 89,~~778~~686,~~328~~906.3446 0.00 A-2 ~~791~~873,~~491~~664.3165 0.00 5753,~~895~~245,~~481~~872.8250 ~~977~~1,~~822~~078,586.4502 0.00 M-1 ~~663~~732,~~192~~045.1131 0.00 4844,~~510~~614,~~736~~819.6295 ~~824~~908,~~236~~284.7301 0.00 M-2 ~~358~~395,~~213~~403.3134 0.00 2624,~~202~~098,~~349~~028.8363 ~~446~~491,~~527~~820.1871 0.00 M-3 ~~256~~283,~~558~~194.1828 0.00 1817,~~766~~259,~~547~~398.8588 ~~320~~352,~~602~~980.6491 0.00 M-4 4853,~~407~~432.2088 0.00 3,~~540~~256,~~858~~490.0936 6066,~~640~~738.6108 0.00 B-1 ~~164~~181,~~584~~671.4980 0.00 1211,~~038~~072,~~917~~067.4921 ~~210~~230,~~449~~848.3229 0.00 B-2 96106,~~814~~865.4177 0.00 76,~~081~~512,~~716~~980.1771 ~~127~~139,~~682~~378.0987 0.00 B-3 6471,~~860~~594.2914 0.00 4,~~744~~363,~~357~~336.5025 8896,~~746~~332.0774 0.00 Owner Trust 0.00 0.00 8,519,951.64 ~~976~~495,~~358~~433.8768 0.00 Totals 910,~~567~~560,~~489~~794.4684 0.00 ~~708~~652,~~356~~152,~~329~~190.9734 1213,~~811~~547,~~394~~309.3077 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-1 531,230,000.00 ~~528~~487,~~178~~072,~~781~~166.1288 0.00 7,~~123~~862,~~368~~922.1667 0.00 0.00 A-2 59,026,000.00 5854,~~686~~119,~~973~~537.1315 0.00 ~~791~~873,~~491~~664.3165 0.00 0.00 M-1 49,458,000.00 4945,~~173~~346,~~928~~865.7326 0.00 ~~663~~732,~~192~~045.1131 0.00 0.00 M-2 26,714,000.00 2624,~~560~~493,~~563~~431.1497 0.00 ~~358~~395,~~213~~403.3134 0.00 0.00 M-3 19,133,000.00 1917,~~023~~542,~~106~~593.0417 0.00 ~~256~~283,~~558~~194.1828 0.00 0.00 M-4 3,610,000.00 3,~~589~~309,~~265~~923.2924 0.00 4853,~~407~~432.2088 0.00 0.00 B-1 12,274,000.00 1211,~~203~~253,~~501~~739.9801 0.00 ~~164~~181,~~584~~671.4980 0.00 0.00 B-2 7,220,000.00 76,~~178~~619,~~530~~846.5848 0.00 96106,~~814~~865.4177 0.00 0.00 B-3 4,837,000.00 4,~~809~~434,~~217~~930.7939 0.00 6471,~~860~~594.2914 0.00 0.00 Owner Trust 0.00 8,519,951.64 0.00 0.00 0.00 0.00 Totals 713,502,000.00 ~~717~~662,~~923~~712,~~819~~985.4419 0.00 910,~~567~~560,~~489~~794.4684 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-1 7,~~123~~862,~~368~~922.1667 ~~521~~479,~~055~~209,~~412~~244.9621 0.~~98084712~~902075 7,~~123~~862,~~368~~922.1667 A-2 ~~791~~873,~~491~~664.3165 5753,~~895~~245,~~481~~872.8250 0.~~98084712~~902075 ~~791~~873,~~491~~664.3165 M-1 ~~663~~732,~~192~~045.1131 4844,~~510~~614,~~736~~819.6295 0.~~98084712~~902075 ~~663~~732,~~192~~045.1131 M-2 ~~358~~395,~~213~~403.3134 2624,~~202~~098,~~349~~028.8363 0.~~98084711~~902075 ~~358~~395,~~213~~403.3134 M-3 ~~256~~283,~~558~~194.1828 1817,~~766~~259,~~547~~398.8588 0.~~98084711~~902075 ~~256~~283,~~558~~194.1828 M-4 4853,~~407~~432.2088 3,~~540~~256,~~858~~490.0936 0.~~98084712~~902075 4853,~~407~~432.2088 B-1 ~~164~~181,~~584~~671.4980 1211,~~038~~072,~~917~~067.4921 0.~~98084712~~902075 ~~164~~181,~~584~~671.4980 B-2 96106,~~814~~865.4177 76,~~081~~512,~~716~~980.1771 0.~~98084711~~902075 96106,~~814~~865.4177 B-3 6471,~~860~~594.2914 4,~~744~~363,~~357~~336.5025 0.~~98084712~~902075 6471,~~860~~594.2914 Owner Trust 0.00 8,519,951.64 0.~~00000000~~000000 0.00 Totals 910,~~567~~560,~~489~~794.4684 ~~708~~652,~~356~~152,~~329~~190.9734 0.~~99278815~~914016 910,~~567~~560,~~489~~794.4684

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1 531,230,000.00 ~~994~~916.~~25631293~~876244 0.~~00000000~~000000 1314.~~40919782~~801353 0.~~00000000~~000000 A-2 59,026,000.00 ~~994~~916.~~25631298~~876244 0.~~00000000~~000000 1314.~~40919781~~801353 0.~~00000000~~000000 M-1 49,458,000.00 ~~994~~916.~~25631303~~876244 0.~~00000000~~000000 1314.~~40919791~~801353 0.~~00000000~~000000 M-2 26,714,000.00 ~~994~~916.~~25631279~~876244 0.~~00000000~~000000 1314.~~40919780~~801353 0.~~00000000~~000000 M-3 19,133,000.00 ~~994~~916.~~25631318~~876244 0.~~00000000~~000000 1314.~~40919772~~801353 0.~~00000000~~000000 M-4 3,610,000.00 ~~994~~916.~~25631302~~876244 0.~~00000000~~000000 1314.~~40919668~~801352 0.~~00000000~~000000 B-1 12,274,000.00 ~~994~~916.~~25631253~~876243 0.~~00000000~~000000 1314.~~40919749~~801352 0.~~00000000~~000000 B-2 7,220,000.00 ~~994~~916.~~25631302~~876244 0.~~00000000~~000000 1314.~~40919806~~801353 0.~~00000000~~000000 B-3 4,837,000.00 ~~994~~916.~~25631383~~876244 0.~~00000000~~000000 1314.~~40919785~~801352 0.~~00000000~~000000 Owner Trust 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-1 0.~~00000000~~000000 1314.~~40919782~~801353 ~~980~~902.~~84711511~~074891 0.~~98084712~~902075 1314.~~40919782~~801353 A-2 0.~~00000000~~000000 1314.~~40919781~~801353 ~~980~~902.~~84711517~~074891 0.~~98084712~~902075 1314.~~40919781~~801353 M-1 0.~~00000000~~000000 1314.~~40919791~~801353 ~~980~~902.~~84711513~~074891 0.~~98084712~~902075 1314.~~40919791~~801353 M-2 0.~~00000000~~000000 1314.~~40919780~~801353 ~~980~~902.~~84711500~~074891 0.~~98084711~~902075 1314.~~40919780~~801353 M-3 0.~~00000000~~000000 1314.~~40919772~~801353 ~~980~~902.~~84711493~~074891 0.~~98084711~~902075 1314.~~40919772~~801353 M-4 0.~~00000000~~000000 1314.~~40919668~~801352 ~~980~~902.~~84711634~~074892 0.~~98084712~~902075 1314.~~40919668~~801352 B-1 0.~~00000000~~000000 1314.~~40919749~~801352 ~~980~~902.~~84711504~~074891 0.~~98084712~~902075 1314.~~40919749~~801352 B-2 0.~~00000000~~000000 1314.~~40919806~~801353 ~~980~~902.~~84711496~~074891 0.~~98084711~~902075 1314.~~40919806~~801353 B-3 0.~~00000000~~000000 1314.~~40919785~~801352 ~~980~~902.~~84711598~~074891 0.~~98084712~~902075 1314.~~40919785~~801352 Owner Trust 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-1 ~~531,230,000.00~~11/25/05 3- 12/24/05 30 4.~~76000~~49375% ~~528~~487,~~178~~072,~~781~~166.1288 1,~~654~~823,~~960~~983.1879 0.00 ~~0.00~~ A-2 ~~59,026,000.00~~11/25/05 3- 12/24/05 30 4.~~81000~~54375% 5854,~~686~~119,~~973~~537.1315 ~~186~~204,~~331~~921.1437 0.00 ~~0.00~~ M-1 ~~49,458,000.00~~11/25/05 3- 12/24/05 30 4.~~93000~~66375% 4945,~~173~~346,~~928~~865.7326 ~~161~~176,~~044~~238.6270 0.00 ~~0.00~~ M-2 ~~26,714,000.00~~11/25/05 3- 12/24/05 30 4.~~99000~~72375% 2624,~~560~~493,~~563~~431.1497 8896,~~313~~417.8737 0.00 ~~0.00~~ M-3 ~~19,133,000.00~~11/25/05 - 12/24/05 30 4.~~04000~~77375% 1917,~~023~~542,~~106~~593.0417 6469,~~044~~786.4663 0.00 ~~0.00~~ M-4 ~~3,610,000.00~~11/25/05 - 12/24/05 30 4.~~09000~~82375% 3,~~589~~309,~~265~~923.2924 1213,~~233~~305.4120 0.00 ~~0.00~~ B-1 11/25/05 - 12~~,274,000.00~~/24/05 430 5.~~51000~~24375% 1211,~~203~~253,~~501~~739.9801 4549,~~864~~176.8349 0.00 ~~0.00~~ B-2 ~~7,220,000.00~~11/25/05 - 12/24/05 30 5.~~16000~~89375% 76,~~178~~619,~~530~~846.5848 3032,~~867~~513.6810 0.00 ~~0.00~~ B-3 ~~4,837,000.00~~11/25/05 5- 12/24/05 30 6.~~96000~~69375% 4,~~809~~434,~~217~~930.7939 2324,~~885~~738.7860 0.00 ~~0.00~~ Owner Trust ~~0.00~~N/A N/A 0.00000% 8,519,951.64 0.00 0.00 ~~0.00~~ Totals ~~713,502,000.00~~ 2,~~267~~491,~~545~~081.9725 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-1 0.00 0.00 1,~~654~~823,~~960~~983.1879 0.00 ~~521~~479,~~055~~209,~~412~~244.9621 A-2 0.00 0.00 ~~186~~204,~~331~~921.1437 0.00 5753,~~895~~245,~~481~~872.8250 M-1 0.00 0.00 ~~161~~176,~~044~~238.6270 0.00 4844,~~510~~614,~~736~~819.6295 M-2 0.00 0.00 8896,~~313~~417.8737 0.00 2624,~~202~~098,~~349~~028.8363 M-3 0.00 0.00 6469,~~044~~786.4663 0.00 1817,~~766~~259,~~547~~398.8588 M-4 0.00 0.00 1213,~~233~~305.4120 0.00 3,~~540~~256,~~858~~490.0936 B-1 0.00 0.00 4549,~~864~~176.8349 0.00 1211,~~038~~072,~~917~~067.4921 B-2 0.00 0.00 3032,~~867~~513.6810 0.00 76,~~081~~512,~~716~~980.1771 B-3 0.00 0.00 2324,~~885~~738.7860 0.00 4,~~744~~363,~~357~~336.5025 Owner Trust 0.00 0.00 ~~976~~495,~~358~~433.8768 0.00 8,519,951.64 Totals 0.00 0.00 32,~~243~~986,~~904~~514.8493 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-1 11/25/05 - 12/24/05 531,230,000.00 34.~~76000~~49375% ~~994~~916.~~25631293~~876244 3.~~11533645~~433511 0.~~00000000~~000000 ~~0.00000000~~ A-2 11/25/05 - 12/24/05 59,026,000.00 34.~~81000~~54375% ~~994~~916.~~25631298~~876244 3.~~15676380~~471714 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/24/05 49,458,000.00 34.~~93000~~66375% ~~994~~916.~~25631303~~876244 3.~~25618949~~563401 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/24/05 26,714,000.00 34.~~99000~~72375% ~~994~~916.~~25631279~~876244 3.~~30590215~~609245 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/24/05 19,133,000.00 4.~~04000~~77375% ~~994~~916.~~25631318~~876244 3.~~34732974~~647448 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/25/05 - 12/24/05 3,610,000.00 4.~~09000~~82375% ~~994~~916.~~25631302~~876244 3.~~38875623~~685651 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/24/05 12,274,000.00 45.~~51000~~24375% ~~994~~916.~~25631253~~876243 34.~~73674678~~006558 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/24/05 7,220,000.00 5.~~16000~~89375% ~~994~~916.~~25631302~~876244 4.~~27530194~~503199 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/24/05 4,837,000.00 56.~~96000~~69375% ~~994~~916.~~25631383~~876244 45.~~93813934~~114451 0.~~00000000~~000000 ~~0.00000000~~ Owner ~~Trust~~TrustN/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-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~11533645~~433511 0.~~00000000~~000000 ~~980~~902.~~84711511~~074891 A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~15676380~~471714 0.~~00000000~~000000 ~~980~~902.~~84711517~~074891 M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~25618949~~563401 0.~~00000000~~000000 ~~980~~902.~~84711513~~074891 M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~30590215~~609245 0.~~00000000~~000000 ~~980~~902.~~84711500~~074891 M-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~34732974~~647448 0.~~00000000~~000000 ~~980~~902.~~84711493~~074891 M-4 0.~~00000000~~000000 0.~~00000000~~000000 3.~~38875623~~685651 0.~~00000000~~000000 ~~980~~902.~~84711634~~074892 B-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~73674678~~006558 0.~~00000000~~000000 ~~980~~902.~~84711504~~074891 B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~27530194~~503199 0.~~00000000~~000000 ~~980~~902.~~84711496~~074891 B-3 0.~~00000000~~000000 0.~~00000000~~000000 45.~~93813934~~114451 0.~~00000000~~000000 ~~980~~902.~~84711598~~074891 Owner Trust 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~Per ~~Refer~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

~~CERTIFICATEHOLDER~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~12,960,003.35~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 75,742.14 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,035,745.49 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 224,351.19 Payment of Interest and Principal 12,811,394.30 Total Withdrawals (Pool Distribution Amount) 13,035,745.49 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~224~~207,~~351~~097.1981 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~224~~207,~~351~~097.1981 *Servicer Payees include: MORTGAGE IT HOLDINGS

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.782796% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.407796% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of5.407796% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~354 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~2,483 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~38 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 632,445 0Beginning 0Scheduled 0Collateral 63Balance 16662,~~269~~712,~~797~~985.4519 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 16Balance 652,~~269~~152,~~797~~190.4533 60Ending ~~Days~~Actual 0Collateral 0Balance 0at 030-Nov-2005 ~~0 0~~652,221,923.0060 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant 03,295,194.0065 90Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~Amount 0.00 ~~120~~Cumulative ~~Days~~Realized 0Loss 0 ~~0 0 0 0~~.00 ~~0.00~~Scheduled ~~0.00~~Principal 0101,582.0085 ~~0.00~~Unscheduled ~~150~~Principal ~~Days 0 0 0 0 0 0~~10,459,212.0001 ~~0.00~~Required ~~0.00~~Overcollateralized ~~0.00~~Amount 0.00 ~~180+~~Overcollateralized ~~Days~~Increase 0Amount 0 ~~0 0 0 0~~.00 ~~0.00~~Overcollateralized ~~0.00~~Reduction ~~0.00~~Amount 0.00 ~~Totals~~Specified 63O/C 0Amount ~~0 0 63 16~~8,~~269~~519,~~797~~951.4564 ~~0.00~~Overcollateralized ~~0.00~~Amount ~~0.00 16~~8,~~269~~519,~~797~~951.4564 NoOvercollateralized ofDeficiency ~~Loans~~Amount ~~No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance~~ 0~~-29 Days 0~~.~~000000%~~00 ~~0.000000%~~Base ~~0.000000%~~Overcollateralization ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Extra ~~0.000000%~~principal ~~0.000000%~~distribution 30Amount ~~Days 2.400000%~~ 0.~~000000%~~00 ~~0.000000%~~Excess ~~0.000000%~~Cash ~~2.400000%~~Amount 2503,022.296622% 0.000000% 0.000000% 0.000000% 2.296622% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.400000% 0.000000% 0.000000% 0.000000% 2.400000% 2.296622% 0.000000% 0.000000% 0.000000% 2.296622%46

~~OTHER~~COLLATERAL ~~INFORMATION~~STATEMENT ~~Current~~Collateral ~~Period~~Description ~~Class~~Mixed AARM ~~Insufficient~~Weighted ~~Funds~~Average 0Coupon Rate 5.00782796% Weighted Average Net Rate 5.407796% Weighted Average Pass Through Rate 5.407796% Weighted Average Remaining Term 354 Record Date 11/30/2005 Principal and Interest Constant 3,295,194.65 Beginning Loan Count 2,483 Loans Paid in Full 38 Ending Loan Count 2,445 Beginning Scheduled Balance 662,712,985.19 Ending Scheduled Balance 652,152,190.33 Ending Actual Balance at 30-Nov-2005 652,221,923.60 Scheduled Principal 101,582.85 Unscheduled Principal 10,459,212.01 Scheduled Interest 3,193,611.80 Servicing Fee 207,097.81 Master Servicing Fee 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,986,513.99 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of ~~Contaminated~~Cumulative ~~Properties~~Losses 0.0000 Special Servicing Fee 0.00 ~~Periodic~~Required ~~Advance~~Overcollateralized 75Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 8,~~742~~519,951.1464 Overcollateralized Amount 8,519,951.64 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00

~~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 ~~Sep~~No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-0429 Days 0 0 0 0 0.~~000%~~00 ~~Original~~0.00 ~~Principal~~0.00 ~~Balance~~0.00 30 Days 31 0 0 0 31 9,946,966.21 0.00 ~~Oct-04~~0.00 0.~~000%~~00 ~~Current~~9,946,966.21 ~~Principal~~60 ~~Balance~~Days 4 0 0 0 4 728,019.34 0.00 ~~Nov~~0.00 0.00 728,019.34 90 Days 3 0 0 0 3 1,153,189.01 0.00 0.00 0.00 1,153,189.01 120 Days 3 0 0 0 3 1,112,751.84 0.00 0.00 0.00 1,112,751.84 150 Days 1 0 0 0 1 143,219.13 0.00 0.00 0.00 143,219.13 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 42 0 0 0 42 13,084,145.53 0.00 0.00 0.00 13,084,145.53 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 0-0429 Days 0.~~000~~000000% ~~Dec-04~~0.000000% 0.~~000~~000000% ~~Current~~0.000000% ~~REO~~0.000000% ~~Total~~0.000000% ~~Jan-05~~0.000000% 0.~~000~~000000% ~~Loans~~30 inDays ~~REO~~1.267894% 0.000000% ~~Feb-05~~0.000000% 0.~~000~~000000% ~~Original~~1.267894% ~~Principal~~1.525089% ~~Balance~~0.000000% 0.00000000% ~~Mar-05~~0.000000% 1.525089% 60 Days 0.~~000~~163599% ~~Current~~0.000000% ~~Principal~~0.000000% ~~Balance~~0.000000% 0.00163599% ~~Apr-05~~0.111621% 0.~~000~~000000% ~~May-05~~0.000000% 0.~~000~~000000% ~~Jun-05~~0.111621% 90 Days 0.~~000~~122699% ~~Jul-05~~0.000000% 0.~~000~~000000% ~~Aug-05~~0.000000% 0.~~000~~122699% *The0.176809% ~~text~~0.000000% ~~reported~~0.000000% in0.000000% ~~the~~0.176809% ~~above~~120 ~~table~~Days is0.122699% ~~presented~~0.000000% ~~graphically~~0.000000% on0.000000% ~~the~~0.122699% ~~monthly~~0.170609% ~~bond~~0.000000% ~~remittance~~0.000000% ~~report~~0.000000% ~~The~~0.170609% ~~monthly~~150 ~~bond~~Days ~~remittance~~0.040900% ~~report~~0.000000% ~~can~~0.000000% be0.000000% ~~viewed~~0.040900% ~~online~~0.021959% at0.000000% ~~www~~0.~~ctslink~~000000% 0.~~com~~000000% 0.021959% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.717791% 0.000000% 0.000000% 0.000000% 1.717791% 2.006088% 0.000000% 0.000000% 0.000000% 2.006088%

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.

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 ~~5.797142%~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Net~~Bankruptcy ~~Coupon~~0 ~~5.422142% Weighted Average Pass~~Jan-~~Through~~05 ~~Rate 5~~0.~~422142~~000% ~~Weighted~~Original ~~Average~~Principal ~~Maturity(Stepdown~~Balance ~~Calculation)~~0.00 ~~357~~Feb-05 ~~Beginning~~0.000% ~~Scheduled~~Current ~~Collateral~~Principal ~~Loan Count 2,653 Number Of Loans Paid In Full 28 Ending Scheduled Collateral Loan Count 2,625 Beginning Scheduled Collateral~~ Balance ~~717,923,819~~0.4300 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 ~~Balance 708,356,329~~0.97000% ~~Ending~~Current ~~Actual~~Bankruptcy ~~Collateral~~Total ~~Balance at 29~~May-~~Jul-2005~~05 ~~708,422,886~~0.54000% ~~Monthly~~Loans ~~P&I~~in ~~Constant~~Bankruptcy ~~3,578,804.42~~0 ~~Special~~Jun-05 ~~Servicing Fee~~ 0.00000% ~~Prepayment~~Original ~~Penalties~~Principal Balance 0.00 ~~Realized~~Jul-05 ~~Loss Amount~~ 0.00000% ~~Cumulative~~Current ~~Realized~~Principal ~~Loss~~Balance 0.00 ~~Scheduled~~Aug-05 ~~Principal 110,549~~0.26000% ~~Unscheduled~~Sep-05 ~~Principal 9,456,940~~0.20000% ~~Required~~Oct-05 ~~Overcollateralization Amount~~ 0.00000% ~~Overcollateralized~~Nov-05 ~~Increase Amount~~ 0.00000% ~~Overcollateralized~~Dec-05 ~~reduction Amount~~ 0.00000% ~~Specified~~*The ~~O/C~~text ~~Amount~~reported ~~8,519,951.64~~in ~~Overcollateralized~~the ~~Amount~~above ~~8,519,951.64~~table ~~Overcollateralized~~is ~~Deficiency~~presented ~~Amount~~graphically ~~0.00~~on ~~Base~~the ~~Overcollateralized~~monthly ~~Amount~~bond 0remittance report.00 ~~Extra~~The ~~principal~~monthly ~~distribution~~bond ~~Amount~~remittance ~~0.00~~report ~~Excess~~can ~~Cash~~be ~~Amount~~viewed ~~978,546~~online at www.52ctslink.com.

~~COLLATERAL~~Bankruptcy ~~STATEMENT~~Detail ~~Collateral~~- ~~Description~~All ~~Mixed~~Mortgage ~~ARM~~Loans ~~Weighted~~in ~~Average~~Bankruptcy ~~Coupon~~during ~~Rate~~Current ~~5.797142%~~Period ~~Weighted~~Group ~~Average Net Rate 5.422142% Weighted Average Pass Through Rate 5.422142% Weighted Average Maturity 357 Record Date 07/29/2005 Principal and Interest Constant 3,578,804.42 Beginning~~ Loan ~~Count~~Month ~~2,653 Loans Paid in Full 28 Ending~~ Loan ~~Count~~First ~~2,625~~State ~~Beginning~~LTV ~~Scheduled Balance 717,923,819.43 Ending Scheduled Balance 708,356,329.97 Ending Actual Balance~~ at ~~29-Jul-2005~~Original ~~708,422,886.54~~Number ~~Scheduled~~Entered ~~Principal~~Payment ~~110,549.26~~Origination ~~Unscheduled~~ Principal ~~9,456,940.20~~Bankruptcy ~~Scheduled~~Date ~~Interest~~Balance ~~3,468,255.16~~No ~~Servicing~~Bankruptcy ~~Fee~~Loans ~~224,351.19~~this Master Servicing Fee 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,243,903.97 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 8,519,951.64 Overcollateralized Amount 8,519,951.64 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00Period

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~Summary~~(continued) ~~Loans~~Group ~~Paid~~Loan InCurrent ~~Full~~Paid ~~Repurchased~~To ~~Loans~~Months ~~Original~~ Current ~~Original~~Approximate ~~Current~~Number Principal ~~Principal~~Date ~~Principal~~Delinquent ~~Principal~~Loan ~~Group~~Rate ~~Count~~Delinquent Balance ~~Balance~~Interest ~~Count~~No ~~Balance~~Bankruptcy ~~Balance~~Loans ~~Total~~this ~~28 9,381,982.00 9,377,810.91 0 0.00 0.00~~Period

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 Total 0 0.00 0.00 0 0.00 0.00 81,519.80

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0040244523 CA 65.57 01-Mar-2005 242,600.00 242,600.00 Summary 0040254666 CA 80.00 01-May-2005 868,650.00 868,650.00 Summary 0040267711 AZ 80.00 01-May-2005 37,000.00 36,858.46 Summary 0040268111 LA 73.85 01-May-2005 192,000.00 192,000.00 Summary 0040270558 AZ 74.16 01-May-2005 221,000.00 221,000.00 Summary 0040272917 CA 62.60 01-Jun-2005 1,000,000.00 997,272.92 Summary 0040273382 IL 79.44 01-May-2005 286,000.00 286,000.00 Summary 0040280161 TX 79.80 01-Jun-2005 239,400.00 238,664.18 Summary 0040281257 CA 31.21 01-May-2005 235,000.00 235,000.00 Summary 0040283440 TX 79.99 01-Jun-2005 189,000.00 189,000.00 Summary 0040286281 AZ 80.00 01-May-2005 120,000.00 119,998.36 Summary 0040286479 WA 80.00 01-Jun-2005 191,950.00 191,286.57 Summary 0040288442 CA 80.00 01-Jun-2005 380,000.00 378,938.50 Summary 0040290243 CA 74.07 01-Jun-2005 1,000,000.00 1,000,000.00 Summary 0040290984 WA 80.00 01-Jun-2005 320,000.00 320,000.00 Summary 0040293445 CA 80.00 01-Jun-2005 417,600.00 417,600.00 Summary 0040294434 IL 80.00 01-Jul-2005 206,000.00 205,558.52 Summary 0040300692 VA 79.66 01-Jul-2005 359,650.00 358,860.89 Summary 0040301332 FL 80.00 01-Jun-2005 172,800.00 172,800.00 Summary 0040301969 AZ 58.48 01-Jul-2005 150,000.00 150,000.00 Summary 0040302770 CA 62.84 01-Jul-2005 274,600.00 274,600.00 Summary 0040304706 OR 78.58 01-Jun-2005 344,200.00 344,200.00 Summary 0040307431 CA 50.00 01-Jul-2005 351,000.00 351,000.00 Summary 0040307581 AZ 80.00 01-Jul-2005 268,000.00 268,000.00 Summary 0040316340 AZ 80.00 01-Jul-2005 331,900.00 331,900.00 Summary 0040320848 CA 70.00 01-Jul-2005 483,000.00 483,000.00 Summary 0040323554 CA 79.99 01-Jul-2005 287,600.00 287,600.00 Summary 0040324581 CA 80.00 01-Jul-2005 213,032.00 213,032.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0040244523 Loan Paid in Full 0 5.125% 360 5 Summary 0040254666 Loan Paid in Full 0 6.125% 360 3 Summary 0040267711 Loan Paid in Full 0 6.250% 360 3 Summary 0040268111 Loan Paid in Full 0 4.625% 360 3 Summary 0040270558 Loan Paid in Full 0 6.125% 360 3 Summary 0040272917 Loan Paid in Full 0 6.500% 360 2 Summary 0040273382 Loan Paid in Full (1) 5.750% 360 3 Summary 0040280161 Loan Paid in Full (1) 5.875% 360 2 Summary 0040281257 Loan Paid in Full 0 5.750% 360 3 Summary 0040283440 Loan Paid in Full 0 6.250% 360 2 Summary 0040286281 Loan Paid in Full 0 6.250% 360 3 Summary 0040286479 Loan Paid in Full (1) 5.250% 360 2 Summary 0040288442 Loan Paid in Full 0 6.375% 360 2 Summary 0040290243 Loan Paid in Full 0 6.750% 360 2 Summary 0040290984 Loan Paid in Full (1) 6.375% 360 2 Summary 0040293445 Loan Paid in Full 0 5.875% 360 2 Summary 0040294434 Loan Paid in Full 0 5.625% 360 1 Summary 0040300692 Loan Paid in Full 0 5.500% 360 1 Summary 0040301332 Loan Paid in Full 0 5.750% 360 2 Summary 0040301969 Loan Paid in Full (1) 6.500% 360 1 Summary 0040302770 Loan Paid in Full (1) 5.750% 360 1 Summary 0040304706 Loan Paid in Full 0 6.750% 360 2 Summary 0040307431 Loan Paid in Full 0 5.750% 360 1 Summary 0040307581 Loan Paid in Full 0 5.875% 360 1 Summary 0040316340 Loan Paid in Full 0 5.750% 360 1 Summary 0040320848 Loan Paid in Full 0 6.375% 360 1 Summary 0040323554 Loan Paid in Full 0 6.125% 360 1 Summary 0040324581 Loan Paid in Full 0 5.750% 360 1

Summary SMM CPR PSA Current Month 1.317% Current Month 14.713% Current Month 4,037.771% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 6.445% N/A Jul-2005 3,911.275% N/A Aug-2005 14.713% N/A Aug-2005 4,037.771% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~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 · MORTGAGEIT TRUST 2005-3, Mortgage-Backed Notes, Series 2005-3