8-K 1 ace05sd2_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SD2 (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-04 Pooling and Servicing Agreement) (Commission 54-2176704 (State or other File Number) 54-2176705 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 ACE SECURITIES CORP . HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2005-SD2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-SD2 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SD2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-SD2 Trust, relating to the December 27, 2005 distribution. EX-99.1 ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-SD2 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

ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-SD2 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 004421QD8 ~~SEN~~ 4.~~04125~~59375% 9783,~~109~~281,~~327~~864.2535 ~~348~~340,~~838~~067.2861 M-1 004421QE6 ~~SEN~~ 4.~~34125~~89375% 18,371,000.00 7079,~~891~~913.6585 M-2 004421QF3 ~~SEN~~ 5.~~14125~~69375% 10,636,000.00 4853,~~606~~829.5298 M-3 004421QG1 ~~SEN 6~~7.~~64125~~19375% 5,640,000.00 3336,~~294~~064.8067 M-4 004421QH9 ~~SEN 6~~7.~~64125~~19375% 3,142,000.00 186,~~548~~233.2724 M-5 004421QJ5 ~~SEN 6~~7.~~64125~~19375% 2,417,000.00 ~~14,268~~0.3600 CE-1 ~~SEN~~ACE05SD2CE1 0.00000% 910,~~318~~904,~~458~~721.7823 0.00 CE-2 ~~SEN~~ACE05SD2CE2 0.00000% 0.00 3129,~~816~~298.3374 P ACE05SD2P ~~SEN~~ 0.00000% 100.00 4327,~~096~~796.6097 R ACE5SD2R1 ~~SEN~~ 0.00000% 0.00 0.00 Totals ~~146~~134,~~633~~392,~~886~~685.0358 ~~609~~573,~~360~~205.8106

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 43,~~446~~761,~~012~~924.5819 0.00 9279,~~663~~519,~~314~~940.6716 4,~~794~~101,~~850~~991.8680 0.00 M-1 0.00 0.00 18,371,000.00 7079,~~891~~913.6585 0.00 M-2 0.00 0.00 10,636,000.00 4853,~~606~~829.5298 0.00 M-3 0.00 0.00 5,640,000.00 3336,~~294~~064.8067 0.00 M-4 0.00 0.00 3,142,000.00 186,~~548~~233.2724 0.00 M-5 0.00 0.00 2,417,000.00 ~~14,268~~0.3600 0.00 CE-1 0.00 0.00 910,~~900~~861,~~318~~104.4457 0.00 0.00 CE-2 0.00 0.00 0.00 3129,~~816~~298.3374 0.00 P 0.00 0.00 100.00 4327,~~096~~796.6097 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 43,~~446~~761,~~012~~924.5819 0.00 ~~142~~130,~~769~~587,~~733~~144.1173 54,~~055~~335,~~373~~129.3925 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~ This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ A-1 113,125,000.00 9783,~~109~~281,~~327~~864.2535 0.00 43,~~446~~761,~~012~~924.5819 0.00 0.00 M-1 18,371,000.00 18,371,000.00 0.00 0.00 0.00 0.00 M-2 10,636,000.00 10,636,000.00 0.00 0.00 0.00 0.00 M-3 5,640,000.00 5,640,000.00 0.00 0.00 0.00 0.00 M-4 3,142,000.00 3,142,000.00 0.00 0.00 0.00 0.00 M-5 2,417,000.00 2,417,000.00 0.00 0.00 0.00 0.00 CE-1 7,818,982.03 910,~~318~~904,~~458~~721.7823 0.00 0.00 0.00 0.00 CE-2 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 161,150,082.03 ~~146~~134,~~633~~392,~~886~~685.0358 0.00 43,~~446~~761,~~012~~924.5819 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 43,~~446~~761,~~012~~924.5819 9279,~~663~~519,~~314~~940.6716 0.~~81912322~~702939 43,~~446~~761,~~012~~924.5819 M-1 0.00 18,371,000.00 1.~~00000000~~000000 0.00 M-2 0.00 10,636,000.00 1.~~00000000~~000000 0.00 M-3 0.00 5,640,000.00 1.~~00000000~~000000 0.00 M-4 0.00 3,142,000.00 1.~~00000000~~000000 0.00 M-5 0.00 2,417,000.00 1.~~00000000~~000000 0.00 CE-1 0.00 910,~~900~~861,~~318~~104.4457 1.~~26619020~~389069 0.00 CE-2 0.00 0.00 0.~~00000000~~000000 0.00 P 0.00 100.00 1.~~00000000~~000000 0.00 R 0.00 0.00 0.~~00000000~~000000 0.00 Totals 43,~~446~~761,~~012~~924.5819 ~~142~~130,~~769~~587,~~733~~144.1173 0.~~88594266~~810345 43,~~446~~761,~~012~~924.5819

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1 113,125,000.00 ~~858~~736.~~42499227~~193276 0.~~00000000~~000000 3933.~~30176866~~254578 0.~~00000000~~000000 M-1 18,371,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 10,636,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 5,640,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-4 3,142,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-5 2,417,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 CE-1 7,818,982.03 ~~1191~~1394.~~77390922~~647179 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 CE-2 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 100.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 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 3933.~~30176866~~254578 ~~819~~702.~~12322360~~938698 0.~~81912322~~702939 3933.~~30176866~~254578 M-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 CE-1 0.~~00000000~~000000 0.~~00000000~~000000 1,~~266~~389.~~19020251~~068875 1.~~26619020~~389069 0.~~00000000~~000000 CE-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 R 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 ~~113,125,000.00~~11/25/05 - 12/26/05 32 4.~~04125~~59375% 9783,~~109~~281,~~327~~864.2535 ~~348~~340,~~838~~067.2861 0.00 ~~0.00~~ M-1 ~~18,371,000.00~~11/25/05 - 12/26/05 32 4.~~34125~~89375% 18,371,000.00 7079,~~891~~913.6585 0.00 ~~0.00~~ M-2 ~~10,636,000.00~~11/25/05 - 12/26/05 32 5.~~14125~~69375% 10,636,000.00 4853,~~606~~829.5298 0.00 ~~0.00~~ M-3 ~~5,640,000.00~~11/25/05 6- 12/26/05 32 7.~~64125~~19375% 5,640,000.00 3336,~~294~~064.8067 0.00 ~~0.00~~ M-4 ~~3,142,000.00~~11/25/05 6- 12/26/05 32 7.~~64125~~19375% 3,142,000.00 1820,~~548~~091.2734 0.00 ~~0.00~~ M-5 ~~2,417,000.00~~11/25/05 6- 12/26/05 32 7.~~64125~~19375% 2,417,000.00 1415,~~268~~455.3637 0.00 ~~0.00~~ CE-1 ~~7,818,982.03~~N/A N/A 0.00000% 910,~~318~~904,~~458~~721.7823 0.00 0.00 ~~0.00~~ CE-2 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ R ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~161~~545,~~150,082~~422.0382 ~~534,447.88~~ 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 ~~348~~340,~~838~~067.2861 0.00 9279,~~663~~519,~~314~~940.6716 M-1 0.00 0.00 7079,~~891~~913.6585 0.00 18,371,000.00 M-2 0.00 0.00 4853,~~606~~829.5298 0.00 10,636,000.00 M-3 0.00 0.00 3336,~~294~~064.8067 0.00 5,640,000.00 M-4 013,858.0010 0.00 186,~~548~~233.2724 013,858.0010 3,142,000.00 M-5 15,455.37 0.00 0.00 1415,~~268~~455.3637 ~~0.00~~ 2,417,000.00 CE-1 0.00 0.00 0.00 0.00 910,~~900~~861,~~318~~104.4457 CE-2 0.00 0.00 3129,~~816~~298.3374 0.00 0.00 P 0.00 0.00 4327,~~096~~796.6097 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 029,313.0047 0.00 ~~609~~573,~~360~~205.8106 029,313.0047 (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 - 12/26/05 113,125,000.00 4.~~04125~~59375% ~~858~~736.~~42499227~~193276 3.~~08365330~~006123 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 18,371,000.00 4.~~34125~~89375% 1000.~~00000000~~000000 34.~~85888901~~350000 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 10,636,000.00 5.~~14125~~69375% 1000.~~00000000~~000000 45.~~57000000~~061111 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 5,640,000.00 67.~~64125~~19375% 1000.~~00000000~~000000 56.~~90333333~~394445 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/25/05 - 12/26/05 3,142,000.00 67.~~64125~~19375% 1000.~~00000000~~000000 56.~~90333227~~394443 013858100.~~00000000~~000000 ~~0.00000000~~ M-5 11/25/05 - 12/26/05 2,417,000.00 67.~~64125~~19375% 1000.~~00000000~~000000 56.~~90333471~~394444 015455370.~~00000000~~000000 ~~0.00000000~~ CE-1 N/A 7,818,982.03 0.00000% ~~1191~~1394.~~77390922~~647179 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ CE-2 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R 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-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~08365330~~006123 0.~~00000000~~000000 ~~819~~702.~~12322360~~938698 M-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~85888901~~350000 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 45.~~57000000~~061111 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 56.~~90333333~~394445 0.~~00000000~~000000 1000.~~00000000~~000000 M-4 04.~~00000000~~410598 0.~~00000000~~000000 51.~~90333227~~983845 013858100.~~00000000~~000000 1000.~~00000000~~000000 M-5 06.~~00000000~~394444 0.~~00000000~~000000 50.~~90333471~~000000 015455370.~~00000000~~000000 1000.~~00000000~~000000 CE-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~1266~~1389.~~19020251~~068875 CE-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 ~~430966~~277969.~~00000000~~700000 0.~~00000000~~000000 1000.~~00000000~~000000 R 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 ~~5,060,894.26~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 399,712.80 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 43,096.60 Total Deposits 5,503,703.66 Withdrawals Reimbursement for Servicer Advances 380,481.91 Payment of Service Fee 67,848.36 Payment of Interest and Principal 5,055,373.39 Total Withdrawals (Pool Distribution Amount) 5,503,703.66 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* 5853,~~989~~728.2356 Credit Risk Manager Fee- Risk Management Group, LLC 2,~~443~~239.9088 Master Servicing Fee 6- Wells Fargo Bank 5,~~415~~879.2369 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees 6761,848.3613 *Servicer Payees include: OCWEN FEDERAL BANK FSB; SELECT PORTFOLIO SERVICING,INC; WASHINGTON MUTUAL MTG SEC 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 1,000.00 0.00 0.00 1,000.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~Fixed ~~Total~~& NoArm ofWeighted ~~Loans~~Average NoGross ofCoupon ~~Loans~~9.594371% NoWeighted ofAverage ~~Loans~~Net NoCoupon of9.114624% ~~Loans~~Weighted NoAverage ~~of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0~~Pass-29Through ~~Days~~Rate ~~80 0 0 80 5,527,786~~9.57042125% ~~0.00~~Weighted ~~0.00~~Average ~~5,527,786.57~~Remaining 30Term ~~Days~~289 ~~176~~Beginning 17Scheduled 2Collateral 0Loan ~~195~~Count ~~14,098,206.45~~ 1,~~026,979.21~~437 ~~77,294.53~~Number ~~0.00~~Of ~~15,202,480.19~~Loans 60Paid ~~Days~~In 86Full 1644 3Ending 0Scheduled ~~105~~Collateral ~~9,488,207.49~~Loan Count 1,~~334,506.39~~393 ~~723,875.79~~Beginning ~~0.00~~Scheduled 11Collateral Balance 134,~~546~~392,~~589~~712.~~67 90 Days~~ 53 12Ending 15Scheduled 0Collateral 80Balance 5130,~~963~~587,~~843~~144.3773 ~~1,127,926.66~~Ending ~~1,747,917.46~~Actual ~~0.00~~Collateral ~~8,839,687.49~~Balance ~~120~~at ~~Days~~30-Nov-2005 ~~28 18 3 0 49 1~~130,~~957~~715,~~187~~728.6975 ~~1,201,713.31~~Monthly ~~289,375.05~~P&I ~~0.00~~Constant 31,~~448~~891,~~276~~955.0533 ~~150~~Special ~~Days~~Servicing 11Fee ~~8 1~~ 0.00 20Prepayment ~~822,464.03~~Penalty ~~732,202.24~~Waived ~~100,485.36~~Amount 0.00 ~~1,655,151.63~~Prepayment ~~180+~~Penalty ~~Days~~Waived 31Count 620 10Prepayment 1Penalty ~~104~~Paid ~~2,456,231.03~~Amount 427,~~911,785~~796.~~19 754,614.~~97 ~~62,582.22~~Prepayment ~~8,185,213.41~~Penalty ~~Totals~~Paid ~~385~~Count ~~213~~7 34Realized 1Loss ~~633~~Amount 34510,~~786,140~~714.0646 ~~15,862,899.57~~Cumulative ~~3,693,563.16~~Realized ~~62,582.22~~Loss 54510,~~405,185~~714.0146 NoScheduled ~~of Loans No of Loans No of Loans No of Loans No of Loans~~ Principal ~~Balance~~947,846.44 ~~Principal~~Unscheduled ~~Balance~~ Principal ~~Balance~~2,857,721.36 ~~Principal~~Required ~~Balance~~Overcollateralized ~~Principal~~Amount ~~Balance~~ 0~~-29~~.00 ~~Days~~Overcollateralized ~~5.301524%~~Increase ~~0.000000%~~Amount 0437,897.~~000000%~~05 ~~5.301524%~~Overcollateralized ~~3.870169%~~Reduction ~~0.000000%~~Amount 0.~~000000%~~00 ~~3.870169%~~Specified 30O/C ~~Days~~Amount 11,763,955.~~663353%~~99 ~~1.126574%~~Overcollateralized ~~0.132538%~~Amount ~~0.000000% 12.922465% 9.870576% 0.719019% 0.054116% 0.000000%~~ 10,861,104.~~643711%~~57 60Overcollateralized ~~Days~~Deficiency ~~5.699139%~~Amount 1902,851.~~060305%~~42 ~~0.198807%~~Base ~~0.000000%~~Overcollateralization ~~6.958250%~~Amount ~~6.642978%~~ 0.~~934328%~~00 ~~0.506807%~~Extra ~~0.000000%~~principal ~~8.084113%~~distribution 90Amount ~~Days 3~~437,897.~~512260%~~05 ~~0.795229%~~Excess ~~0.994036%~~Cash ~~0.000000%~~Amount ~~5.301524% 4.175465%~~ 0.789695% 1.223769% 0.000000% 6.188930% 120 Days 1.855533% 1.192843% 0.198807% 0.000000% 3.247184% 1.370286% 0.841355% 0.202600% 0.000000% 2.414241% 150 Days 0.728960% 0.530152% 0.066269% 0.000000% 1.325381% 0.575832% 0.512637% 0.070353% 0.000000% 1.158821% 180+ Days 2.054341% 4.108681% 0.662691% 0.066269% 6.891981% 1.719681% 3.438888% 0.528329% 0.043816% 5.730713% Totals 25.513585% 14.115308% 2.253148% 0.066269% 41.948310% 24.354818% 11.106091% 2.585974% 0.043816% 38.090698%00

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Mixed 1Fixed No& ofArm ~~Loans~~Weighted NoAverage ofCoupon ~~Loans~~Rate No9.594371% ofWeighted ~~Loans~~Average NoNet ofRate ~~Loans~~9.114624% NoWeighted ofAverage ~~Loans~~Pass ~~Principal~~Through ~~Balance~~Rate ~~Principal~~9.042125% ~~Balance~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~289 ~~Principal~~Record ~~Balance~~Date ~~0-29 Days 76 0 0 76 5,224,328.07 0.00 0.00 5,224,328.07~~ 11/30/2005 ~~Days~~Principal ~~131~~and 14Interest 2Constant ~~0 147 7~~1,~~510~~891,~~075~~955.7333 ~~762,634.58~~Beginning ~~77,294.53~~Loan ~~0.00~~Count 81,~~350,004.84~~437 60Loans ~~Days~~Paid 64in 12Full 244 0Ending 78Loan ~~4,706,002.65~~Count ~~949~~1,~~799.53~~393 ~~273,427.23~~Beginning ~~0.00~~Scheduled ~~5,929,229.41~~Balance ~~90 Days 34 11 7 0 52 2~~134,~~224~~392,~~178~~712.8353 ~~846,614.49~~Ending ~~594,504.66~~Scheduled ~~0.00~~Balance 3130,~~665~~587,~~297~~144.9873 ~~120~~Ending ~~Days~~Actual 24Balance 14at 230-Nov-2005 ~~0 40 1~~130,~~463~~715,~~046~~728.7775 ~~606,893.00~~Scheduled ~~106,494.86~~Principal ~~0.00 2~~947,~~176,434~~846.~~63 150 Days 10 7 0 0 17 708,294.40 520,817.76 0.00 0.00 1,229,112.16 180+ Days 27~~ 44 9Unscheduled 1Principal ~~81 1~~2,~~839~~857,~~328~~721.5436 ~~3,759,128.40~~Scheduled ~~664,895.12~~Interest 62944,~~582~~108.2289 ~~6,325,934.28~~Servicing ~~Totals~~Fee ~~290 178 22 1 491 18~~53,~~450,926~~728.9256 ~~12,670,215.83~~Master ~~1,716,616.40~~Servicing ~~62,582.22~~Fee 325,~~900,341~~879.3769 ~~0-29~~Trustee ~~Days~~Fee ~~6.451613%~~ 0.~~000000%~~00 ~~0.000000%~~FRY ~~6.451613%~~Amount ~~6.345666%~~ 0.~~000000%~~00 ~~0.000000%~~Special ~~6.345666%~~Hazard 30Fee ~~Days 11.120543% 1.188455%~~ 0.~~169779%~~00 ~~0.000000%~~Other ~~12.478778%~~Fee ~~9.122021% 0.926325% 0.093885% 0.000000% 10.142230% 60 Days 5.432937% 1.018676% 0.169779% 0.000000% 6.621392% 5.716088% 1.153662% 0.332115% 0.000000% 7.201865% 90 Days~~ 2,239.~~886248%~~88 ~~0.933786%~~Pool ~~0.594228%~~Insurance ~~0.000000%~~Fee ~~4.414261% 2.701571% 1.028330%~~ 0.~~722108%~~00 ~~0.000000%~~Spread ~~4.452009% 120 Days 2.037351%~~ 1~~.188455%~~ 0.~~169779%~~00 ~~0.000000%~~Spread ~~3.395586% 1.777072% 0.737155% 0.129353% 0.000000%~~ 2~~.643579%~~ ~~150 Days~~ 0.~~848896%~~00 ~~0.594228%~~Spread ~~0.000000% 0.000000% 1.443124% 0.860321% 0.632605% 0.000000% 0.000000% 1.492926% 180+ Days 2.292020%~~ 3~~.735144%~~ 0.~~764007%~~00 ~~0.084890%~~Net ~~6.876061%~~Interest 2882,260.~~234118%~~76 ~~4.565979%~~Realized ~~0.807607%~~Loss ~~0.076015%~~Amount 7510,714.~~683718%~~46 ~~Totals~~Cumulative ~~24.617997%~~Realized ~~15.110357%~~Loss 1510,714.~~867572%~~46 ~~0.084890%~~Percentage ~~41.680815%~~of ~~22.411190%~~Cumulative ~~15.389721%~~Losses ~~2.085067%~~ 0.~~076015%~~3169 ~~39.961993%~~Special ~~DELINQUENT~~Servicing ~~BANKRUPTCY~~Fee ~~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 4 0 0 4 303,458~~.~~50 0.~~00 ~~0.00~~Prepayment ~~303,458.50~~Penalty 30Waived ~~Days~~Amount ~~45 3~~ 0 ~~0 48 6,588,130~~.~~72 264,344.63 0.~~00 ~~0.00~~Prepayment ~~6,852,475.35~~Penalty 60Waived ~~Days~~Count ~~22 4 1~~ 0 27Prepayment ~~4,782,204.84~~Penalty ~~384,706.86~~Paid ~~450,448.56~~Amount ~~0.00 5~~27,~~617,360~~796.2697 90Prepayment ~~Days~~Penalty 19Paid 1Count 87 0Required 28Overcollateralized ~~3,739,664.54~~Amount ~~281,312.17 1,153,412.80~~ 0.00 ~~5,174,389.51~~Overcollateralized ~~120~~Increase ~~Days~~Amount ~~4 4 1 0 9 494~~437,~~140~~897.9205 ~~594,820.31~~Overcollateralized ~~182,880.19~~Reduction ~~0.00~~Amount ~~1,271,841.42 150 Days 1 1 1~~ 0 ~~3 114,169~~.~~63 211,384.48 100,485.36 0.~~00 ~~426,039.47~~Specified ~~180+~~O/C ~~Days~~Amount ~~4 18 1 0 23 616~~11,~~902.49 1~~763,~~152,656~~955.7999 ~~89,719.85~~Overcollateralized ~~0.00~~Amount 110,~~859~~861,~~279~~104.1357 ~~Totals~~Overcollateralized 95Deficiency 35Amount ~~12 0 142 16~~902,~~335,213~~851.14 3,192,683.74 1,976,946.76 0.00 21,504,843.64 0-29 Days 1.208459% 0.000000% 0.000000% 1.208459% 0.501571% 0.000000% 0.000000% 0.501571% 30 Days 13.595166% 0.906344% 0.000000% 0.000000% 14.501511% 10.889193% 0.436922% 0.000000% 0.000000% 11.326115% 60 Days 6.646526% 1.208459% 0.302115% 0.000000% 8.157100% 7.904268% 0.635863% 0.744524% 0.000000% 9.284655% 90 Days 5.740181% 0.302115% 2.416918% 0.000000% 8.459215% 6.181105% 0.464967% 1.906419% 0.000000% 8.552491% 120 Days 1.208459% 1.208459% 0.302115% 0.000000% 2.719033% 0.816741% 0.983149% 0.302274% 0.000000% 2.102163% 150 Days 0.302115% 0.302115% 0.302115% 0.000000% 0.906344% 0.188705% 0.349387% 0.166087% 0.000000% 0.704179% 180+ Days 1.208459% 5.438066% 0.302115% 0.000000% 6.948640% 1.019647% 1.905169% 0.148293% 0.000000% 3.073110% Totals 28.700906% 10.574018% 3.625378% 0.000000% 42~~.900302%~~ ~~26.999660%~~Base ~~5.277028%~~Overcollateralization ~~3.267597%~~Amount 0.~~000000% 35.544285%~~00

~~OTHER~~LOAN ~~INFORMATION~~STATUS ~~Current~~STRATIFICATION/CREDIT ~~Period~~ENHANCEMENT ~~Class~~STATEMENT ADELINQUENT ~~Insufficient~~BANKRUPTCY ~~Funds~~FORECLOSURE REO TOTAL 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 44 0 0 44 3,686,012.04 0.00 ~~Principal~~0.00 ~~Balance~~3,686,012.04 of30 ~~Contaminated~~Days ~~Properties~~134 12 0 0 146 10,929,659.15 690,541.86 0.00 ~~Periodic~~0.00 ~~Advance~~11,620,201.01 60 Days 76 20 3 1 100 6,872,970.02 1,583,707.42 269,062.58 48,441.52 8,774,181.54 90 Days 37 9 9 0 55 3,057,118.74 708,500.00 923,889.84 0.00 4,689,508.58 120 Days 38 12 10 0 60 3,879,729.21 1,073,617.15 1,218,678.78 0.00 6,172,025.14 150 Days 23 12 20 0 55 1,524,248.56 946,901.81 2,846,332.21 0.00 5,317,482.58 180+ Days 29 71 41 4 145 2,255,638.16 5,773,206.83 4,330,676.39 294,878.38 12,654,399.76 Totals 337 180 83 5 605 28,~~712~~519,363.84 14,462,487.11 9,588,639.80 343,319.90 52,913,810.65 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 3.158650% 0.000000% 0.000000% 3.158650% 2.819869% 0.000000% 0.000000% 2.819869% 30 Days 9.619526% 0.861450% 0.000000% 0.000000% 10.480976% 8.361396% 0.528278% 0.000000% 0.000000% 8.889673% 60 Days 5.455851% 1.435750% 0.215363% 0.071788% 7.178751% 5.257952% 1.211566% 0.205838% 0.037059% 6.712415% 90 Days 2.656138% 0.646088% 0.646088% 0.000000% 3.948313% 2.338754% 0.542016% 0.706793% 0.000000% 3.587563% 120 Days 2.727925% 0.861450% 0.717875% 0.000000% 4.307251% 2.968066% 0.821337% 0.932312% 0.000000% 4.721716% 150 Days 1.651113% 0.861450% 1.435750% 0.000000% 3.948313% 1.166079% 0.724398% 2.177498% 0.000000% 4.067975% 180+ Days 2.081838% 5.096913% 2.943288% 0.287150% 10.409189% 1.725606% 4.416612% 3.313049% 0.225588% 9.680855% Totals 24.192391% 12.921752% 5.958363% 0.358938% 43.431443% 21.817852% 11.064076% 7.335490% 0.262646% 40.480064%

~~SUBORDINATION~~OTHER ~~LEVEL/CREDIT~~INFORMATION ~~ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE~~ Current ~~Original~~Period ~~$ Original % Current $ Current %~~ Class% ~~Prepayment%~~A ~~Class~~Insufficient ~~M-1~~Funds ~~29,654,082.03 18.40153083% 31,735,418.44 22.22839376% 12.867573%~~ 0.~~000000%~~00 ~~Class~~Principal ~~M-2~~Balance ~~19,018,082.03~~of ~~11.80147214%~~Contaminated ~~21,099,418.44~~Properties ~~14.77863549% 7.449758%~~ 0.~~000000%~~00 ~~Class~~Periodic ~~M-3~~Advance 131,~~378~~025,~~082~~187.03 8.30162905% 15,459,418.44 10.82821835% 3.950417% 0.000000% Class M-4 10,236,082.03 6.35189378% 12,317,418.44 8.62747178% 2.200747% 0.000000% Class CE-1 100.00 0.00006205% 100.00 0.00007004% 6.934466% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000070% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure35

~~Summary~~Delinquency 12Status ~~Month~~By ~~REO~~Group History*DELINQUENT ~~New~~BANKRUPTCY FORECLOSURE REO TOTAL 1 No of Loans ~~Month~~No ~~REO~~of ~~Percentage~~Loans No of Loans inNo ~~REO~~of 0Loans ~~Oct-04~~No ~~0.000%~~of ~~Original~~Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 39 0 0 39 3,205,730.97 0.00 ~~Nov-04~~ 0.~~000%~~00 ~~Current~~3,205,730.97 ~~Principal~~30 ~~Balance~~Days 98 10 0 0 108 5,417,631.11 423,841.68 0.00 ~~Dec-04~~0.00 5,841,472.79 60 Days 54 17 3 1 75 3,130,027.37 1,067,940.42 269,062.58 48,441.52 4,515,471.89 90 Days 33 7 7 0 47 2,374,149.~~000%~~84 ~~Jan-05~~468,315.31 613,979.64 0.~~000%~~00 ~~Current~~3,456,444.79 ~~REO~~120 ~~Total~~Days ~~Feb-05~~31 7 3 0 41 2,550,463.~~000%~~61 ~~Loans~~461,581.68 in247,739.68 ~~REO~~0.00 3,259,784.97 150 Days 21 9 11 0 41 1,146,900.80 ~~Mar-05~~596,072.17 882,048.65 0.~~000%~~00 ~~Original~~2,625,021.62 ~~Principal~~180+ ~~Balance~~Days 6327 50 28 3 108 1,~~640~~918,844.0033 ~~Apr-05~~4,173,327.89 01,893,482.~~000%~~78 ~~Current~~211,412.80 ~~Principal~~8,197,067.80 ~~Balance~~Totals 62264 139 52 4 459 16,~~582~~538,017.2206 ~~May~~10,396,810.12 3,906,313.33 259,854.32 31,100,994.83 0-0529 Days 3.561644% 0.~~000~~000000% ~~Jun-05~~ 0.~~000~~000000% ~~Jul-05~~3.561644% 4.204709% 0.~~000~~000000% ~~Aug-05~~0.000000% 4.204709% 30 Days 8.949772% 0.~~043~~913242% ~~Sep-05~~0.000000% 0.~~044~~000000% *The9.863014% ~~text~~7.105888% ~~reported~~0.555920% in0.000000% ~~the~~0.000000% ~~above~~7.661808% ~~table~~60 isDays ~~presented~~4.931507% ~~graphically~~1.552511% on0.273973% ~~the~~0.091324% ~~monthly~~6.849315% ~~bond~~4.105415% ~~remittance~~1.400735% ~~report~~0.352909% ~~The~~0.063537% ~~monthly~~5.922595% ~~bond~~90 ~~remittance~~Days ~~report~~3.013699% ~~can~~0.639269% be0.639269% ~~viewed~~0.000000% ~~online~~4.292237% at3.113989% ~~www~~0.~~ctslink~~614253% 0.~~com~~805310% 0.000000% ~~Group~~4.533551% 1120 12Days ~~Month~~2.831050% ~~REO~~0.639269% History*0.273973% ~~New~~0.000000% ~~REO~~3.744292% ~~Loans~~3.345246% ~~Month~~0.605421% ~~REO~~0.324941% ~~Percentage~~0.000000% ~~Loans~~4.275608% in150 ~~REO~~Days 1.917808% 0.821918% ~~Oct-04~~1.004566% 0.~~000~~000000% ~~Original~~3.744292% ~~Principal~~1.504301% ~~Balance~~ 0.00781822% ~~Nov-04~~1.156915% 0.~~000~~000000% ~~Current~~3.443038% ~~Principal~~180+ ~~Balance~~Days 02.00465753% ~~Dec-04~~4.566210% 2.557078% 0.~~000~~273973% ~~Jan-05~~9.863014% 2.516800% 5.473831% 2.483535% 0.~~000~~277294% ~~Current~~10.751460% ~~REO~~Totals ~~Total~~24.109589% ~~Feb-05~~12.694064% 4.748858% 0.~~000~~365297% ~~Loans~~41.917808% in21.691638% ~~REO~~13.636692% 15.123609% ~~Mar-05~~ 0.~~000~~340831% ~~Original~~40.792770% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance 63Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 5 0 0 5 480,~~640~~281.07 0.00 ~~Apr-05~~0.00 480,281.07 30 Days 36 2 0 0 38 5,512,028.~~000%~~04 ~~Current~~266,700.18 ~~Principal~~0.00 ~~Balance~~0.00 625,~~582~~778,728.22 ~~May-05~~60 Days 22 3 0 0 25 3,742,942.~~000%~~65 ~~Jun-05~~515,767.00 0.~~000%~~00 ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~4,258,709.65 90 Days 4 2 2 0 8 682,968.~~074%~~90 ~~Sep-05~~240,184.69 309,910.20 0.~~076%~~00 *The1,233,063.79 ~~text~~120 ~~reported~~Days in7 ~~the~~5 ~~above~~7 ~~table~~0 is19 ~~presented~~1,329,265.60 ~~graphically~~612,035.47 on970,939.10 ~~the~~0.00 ~~monthly~~2,912,240.17 ~~bond~~150 ~~remittance~~Days ~~report~~2 3 9 0 14 377,347.76 ~~The~~350,829.64 ~~monthly~~1,964,283.56 ~~bond~~0.00 ~~remittance~~2,692,460.96 ~~report~~180+ ~~can~~Days be2 ~~viewed~~21 ~~online~~13 at1 ~~www~~37 336,793.~~ctslink~~83 1,599,878.~~com.~~94 ~~Group~~ 2,437,193.61 1283,465.58 ~~Month~~4,457,331.96 ~~REO~~Totals History*73 ~~New~~41 ~~REO~~31 ~~Loans~~1 ~~Month~~146 ~~REO~~11,981,346.78 ~~Percentage~~4,065,676.99 ~~Loans~~5,682,326.47 in83,465.58 ~~REO~~21,812,815.82 0 ~~Oct~~-0429 Days 1.677852% 0.~~000~~000000% ~~Original~~0.000000% ~~Principal~~1.677852% ~~Balance~~0.881666% 0.00000000% ~~Nov-04~~0.000000% 0.~~000~~881666% ~~Current~~30 ~~Principal~~Days ~~Balance~~12.080537% 0.00671141% ~~Dec-04~~0.000000% 0.~~000~~000000% ~~Jan-05~~12.751678% 10.118586% 0.~~000~~489589% ~~Current~~0.000000% ~~REO~~0.000000% ~~Total~~10.608175% ~~Feb-05~~60 Days 7.382550% 1.006711% 0.~~000~~000000% ~~Loans~~0.000000% in8.389262% ~~REO~~6.871026% 0.946808% ~~Mar-05~~0.000000% 0.~~000~~000000% ~~Original~~7.817834% ~~Principal~~90 ~~Balance~~Days 1.342282% 0.00671141% ~~Apr-05~~0.671141% 0.~~000~~000000% ~~Current~~2.684564% ~~Principal~~1.253745% ~~Balance~~0.440914% 0.00568911% ~~May-05~~ 0.~~000~~000000% ~~Jun-05~~2.263570% 120 Days 2.348993% 1.677852% 2.348993% 0.~~000~~000000% ~~Jul-05~~6.375839% 2.440171% 1.123531% 1.782380% 0.~~000~~000000% ~~Aug-05~~5.346082% 150 Days 0.~~000~~671141% ~~Sep-05~~1.006711% 3.020134% 0.~~000~~000000% *The4.697987% ~~text~~0.692708% ~~reported~~0.644028% in3.605891% ~~the~~0.000000% ~~above~~4.942627% ~~table~~180+ isDays ~~presented~~0.671141% ~~graphically~~7.046980% on4.362416% ~~the~~0.335570% ~~monthly~~12.416107% ~~bond~~0.618262% ~~remittance~~2.936943% ~~report~~4.474025% ~~The~~0.153220% ~~monthly~~8.182451% ~~bond~~Totals ~~remittance~~24.496644% ~~report~~13.758389% ~~can~~10.402685% be0.335570% ~~viewed~~48.993289% ~~online~~21.994498% at7.463479% ~~www~~10.~~ctslink~~431208% 0.~~com~~153220% 40.042405%

~~REO~~SUBORDINATION ~~Loan~~LEVEL/CREDIT ~~Detail~~ENHANCEMENT/CLASS -PERCENTAGE ~~All~~AND ~~Mortgage~~PREPAYMENT ~~Loans~~PERCENTAGE inCurrent ~~REO~~Original ~~during~~$ Original % Current ~~Period~~$ ~~Month~~Current ~~Loan~~% ~~First~~Class% ~~Original~~Prepayment% ~~Loan~~Class ~~Entered~~M-1 ~~Payment~~29,654,082.03 ~~LTV~~18.40153083% at32,696,204.57 ~~Principal~~25.03784323% ~~Group~~14.068000% ~~Number~~0.000000% ~~REO~~Class ~~Date~~M-2 ~~State~~19,018,082.03 ~~Origination~~11.80147214% ~~Balance~~22,060,204.57 ~~Group~~16.89309052% 18.144753% ~~0110408800~~0.000000% ~~Aug~~Class M-~~2005~~3 0113,378,082.03 8.30162905% 16,420,204.57 12.57413554% 4.318955% 0.000000% Class M-~~May~~4 10,236,082.03 6.35189378% 13,278,204.57 10.16807941% 2.406056% 0.000000% Class CE-~~2001~~1 MI100.00 740.00006205% 100.00 ~~63,640~~0.00007658% 8.317132% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000077% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.

~~REO~~180+ ~~Loan~~Delinquency ~~Detail~~Summary -Summary ~~All~~Group ~~Mortgage~~1 Days Number of Aggregate Percentage of Number of Aggregate Percentage of Delinquent Loans inOutstanding ~~REO~~Balance(%) ~~during~~Loans ~~Current~~Oustanding ~~Period~~Balance(%) Balance(~~continued~~$) ~~Current~~Balance($) ~~Paid~~180 ~~Current~~- ~~Approximate~~209 ~~Loan~~37 ~~Principal~~4,001,498.32 To3.061 ~~Months~~25 ~~Loan~~1,778,204.75 ~~Delinquent~~2.332 ~~Group~~210 ~~Number~~- ~~Balance~~239 ~~Date~~28 ~~Delinquent~~2,472,613.58 ~~Rate~~1.892 ~~Interest~~22 ~~Group~~1,807,939.39 2.371 240 - 269 12 1,016,613.23 ~~0110408800~~0.778 6211 916,~~582~~127.2287 011.202 270 -~~Jul~~ 299 14 930,146.72 0.712 11 636,623.02 0.835 300 -~~2004~~ 329 13 101,592,038.~~850%~~09 1.218 11 1,~~623~~265,877.0871 1.660 330 - 359 7 403,144.55 0.308 6 343,065.33 0.450 360 - 389 4 227,214.09 0.174 3 196,887.30 0.258 390 - 419 6 348,282.59 0.266 5 301,228.72 0.395 420 - 449 3 206,560.65 0.158 2 144,817.67 0.190 450 - 479 2 101,052.74 0.077 2 101,052.74 0.133 480 - 509 3 238,876.98 0.183 2 98,157.33 0.129 510 - 539 5 249,413.37 0.191 4 177,782.16 0.233 540 - 569 3 291,083.72 0.223 2 267,869.16 0.351 570 - 599 1 103,469.61 0.079 1 103,469.61 0.136 600 - 629 1 89,600.43 0.069 0 0.00 0.000 630 - 659 1 67,303.60 0.051 0 0.00 0.000 660 - 689 1 54,844.66 0.042 0 0.00 0.000 780 - 809 1 33,173.09 0.025 0 0.00 0.000 840 - 869 1 114,458.35 0.088 0 0.00 0.000 900 - 929 1 57,965.04 0.044 1 57,965.04 0.076 1020 - 1049 1 55,046.35 0.042 0 0.00 0.000 Total 145 12,654,399.76 9.681 108 8,197,067.80 10.751

~~Summary~~180+ 12Delinquency ~~Month~~Summary ~~Foreclosure~~(continued) History*Group ~~New~~2 ~~Foreclosure~~Days ~~Loans~~Number ~~Month~~of ~~Foreclosure~~Aggregate Percentage ~~Loans~~of inDelinquent ~~Foreclosure~~Loans 25Outstanding ~~Oct-04 0.000~~Balance(%) ~~Original Principal~~ Balance($) ~~3,028,445.00~~180 ~~Nov~~-04 ~~0.000%~~209 ~~Current~~12 ~~Principal Balance~~ 2,~~903~~223,~~038~~293.1057 ~~Dec-04 0~~4.~~000%~~081 ~~Jan~~210 -05 ~~0.000%~~239 ~~Current~~6 ~~Foreclosure~~664,674.19 ~~Total Feb-05 0~~1.~~000%~~220 ~~Loans~~240 ~~in Foreclosure 34 Mar~~-05 ~~0.000%~~269 ~~Original~~1 ~~Principal Balance 3~~100,~~874,494~~485.0036 ~~Apr-05~~ 0.~~000%~~184 ~~Current~~270 ~~Principal~~- ~~Balance~~299 3 293,~~693,563~~523.1670 ~~May-05~~ 0.~~000%~~539 ~~Jun~~300 -05 ~~0.000%~~329 ~~Jul-05~~2 0326,160.~~000%~~38 ~~Aug-05~~ 0.~~559%~~599 ~~Sep~~330 -05 ~~2.586%~~359 *The1 ~~text~~60,079.22 ~~reported in the above table is presented graphically on the monthly bond remittance report~~0.110 ~~The~~360 ~~monthly~~- ~~bond~~389 ~~remittance~~1 ~~report can be viewed online at www~~30,326.~~ctslink.com.~~79 ~~Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 13 Oct-04~~ 0.~~000%~~056 ~~Original~~390 ~~Principal~~- ~~Balance~~419 1 47,~~031,178~~053.0087 ~~Nov-04~~ 0.~~000%~~086 ~~Current~~420 ~~Principal~~- ~~Balance~~449 ~~926~~1 61,~~091~~742.3498 ~~Dec-04~~ 0.~~000%~~113 ~~Jan~~450 -05 479 0~~.000%~~ ~~Current Foreclosure Total Feb-05~~ 0.~~000%~~00 ~~Loans in Foreclosure 22 Mar-05~~ 0.000% ~~Original~~480 ~~Principal~~- ~~Balance~~509 1 140,~~877,227~~719.0065 ~~Apr-05~~ 0.~~000%~~258 ~~Current~~510 ~~Principal~~- ~~Balance~~539 1 71,~~716,616~~631.4021 ~~May-05~~ 0.~~000%~~131 ~~Jun~~540 -05 ~~0.000%~~569 ~~Jul-05~~1 023,214.~~000%~~56 ~~Aug-05~~ 0.~~974%~~043 ~~Sep~~570 -05 ~~2.085%~~599 *The0 ~~text reported in the above table is presented graphically on the monthly bond remittance report~~0.00 ~~The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 12 Oct-04~~ 0.000% ~~Original~~600 ~~Principal~~- ~~Balance~~629 1 89,~~997,267~~600.0043 ~~Nov-04~~ 0.~~000%~~164 ~~Current~~630 ~~Principal~~- ~~Balance~~659 1 67,~~976,946~~303.7660 ~~Dec-04~~ 0.~~000%~~124 ~~Jan~~660 -05 ~~0.000%~~689 ~~Current~~1 ~~Foreclosure~~54,844.66 ~~Total Feb-05~~ 0.~~000%~~101 ~~Loans~~780 ~~in Foreclosure 12 Mar~~-05 ~~0.000%~~809 ~~Original Principal Balance~~ 1 33,~~997,267~~173.0009 ~~Apr-05~~ 0.~~000%~~061 ~~Current~~840 ~~Principal~~- ~~Balance~~869 1 114,~~976,946~~458.7635 ~~May-05~~ 0.~~000%~~210 ~~Jun~~900 -05 929 0~~.000%~~ ~~Jul-05~~ 0.~~000%~~00 ~~Aug-05~~ 0.000% ~~Sep~~1020 -05 ~~3.268%~~1049 *The1 ~~text~~55,046.35 ~~reported~~0.101 inTotal ~~the~~37 ~~above~~4,457,331.96 ~~table~~8.181 isThis ~~presented~~report ~~graphically~~includes onall ~~the~~loans ~~monthly~~greater ~~bond~~than ~~remittance~~180 ~~report.~~days ~~The~~delinquent ~~monthly~~regardless ~~bond~~of ~~remittance~~status ~~report~~(REO, ~~can~~Foreclosure, ~~be viewed online at www~~Bankruptcy).~~ctslink.com.~~

REO Detail - All Mortgage Loans in REO during Current Period

~~Foreclosure~~Summary ~~Loan~~12 ~~Detail~~Month -REO ~~All~~History* ~~Mortgage~~New REO Loans inMonth ~~Foreclosure~~REO ~~during~~Percentage ~~Current~~Loans ~~Period~~in ~~Month~~REO ~~Loan~~4 ~~First~~Jan-05 0.000% Original ~~Loan~~Principal ~~Entered~~Balance ~~Payment~~286,150.18 ~~LTV~~Feb-05 at0.000% Current Principal ~~Group~~Balance ~~Number~~280,737.68 FCMar-05 ~~Date~~0.000% ~~State~~Apr-05 ~~Origination~~0.000% ~~Balance~~Current ~~Group~~REO 1Total ~~0110206231 Sep~~May-~~2005~~05 ~~01-Feb-1998 NY 90~~0.00000% ~~60,300.00~~Loans ~~Group~~in 1REO ~~0110259823~~5 ~~Sep~~Jun-~~2005~~05 ~~14-Sep-2000~~0.000% INOriginal ~~85.00~~Principal 38Balance 349,~~250~~790.0018 ~~Group 1 0110260476 Sep~~Jul-~~2005~~05 ~~24-Apr-1992~~0.000% VACurrent ~~75.00~~Principal 84Balance 343,~~750~~319.0090 ~~Group~~Aug-05 10.043% ~~0110260666~~ Sep-~~2005~~05 010.044% Oct-~~Jan-1994~~05 MA0.045% 86Nov-05 0.22047% ~~255,900~~Dec-05 0.00263% ~~Group~~*The 1text ~~0110367578~~reported ~~Aug-2005~~in ~~20-Jan-2001~~the MIabove ~~74.27~~table ~~63,499.00~~is ~~Group~~presented 1graphically ~~0110367710~~on ~~Sep-2005~~the ~~06-Aug-2000~~monthly OHbond ~~91.82~~remittance ~~53,253~~report.00 ~~Group~~The 1monthly ~~0110370033~~bond ~~Sep-2005~~remittance ~~01-Jul-1999~~report FLcan ~~80.00~~be ~~34,400~~viewed online at www.00ctslink.com. Group 1 ~~0110408621~~12 ~~Aug-2005~~Month ~~14-Oct-1998~~REO MDHistory* ~~80.00~~New ~~48,800.00~~REO ~~Group~~Loans 1Month ~~0110408678~~REO ~~Aug-2005~~Percentage ~~20-~~Loans in REO 3 Jan-~~2000~~05 ~~OH 85~~0.~~00 68,~~000~~.00~~% ~~Group~~Original 1Principal ~~0110408707~~Balance ~~Aug-2005~~201,300.18 15Feb-~~Jul-1998~~05 ~~AL 80~~0.~~00 192,~~000~~.00~~% ~~Group~~Current 1Principal ~~0110408736~~Balance ~~Sep-2005~~197,272.10 ~~20-~~Mar-~~2002~~05 ~~SC 53~~0.~~19 25,~~000% Apr-05 0.00000% ~~Group~~Current 1REO ~~0110408821~~Total ~~Aug~~May-~~2005~~05 ~~01-Dec-2001 NY 85~~0.~~00 153,~~000~~.00~~% ~~Group~~Loans 1in ~~0110408933~~REO ~~Sep-2005~~4 04Jun-~~Sep-2000~~05 ~~WI 70~~0.00000% ~~45,500.00~~Original ~~Group~~Principal 1Balance ~~0110409067~~264,940.18 ~~Sep~~Jul-~~2005~~05 ~~07-Mar-2001~~0.000% PACurrent ~~85.00~~Principal 43Balance 259,~~775~~854.0032 ~~Group 1 0110409073~~ Aug-~~2005~~05 160.074% Sep-~~Feb-2001~~05 ~~KS 100~~0.00076% ~~50,000~~Oct-05 0.00078% ~~Group~~Nov-05 10.080% ~~0110409096 Sep~~Dec-~~2005~~05 ~~02-Feb-2001 PA 100~~0.00341% ~~121,000.00~~*The ~~Group~~text 1reported ~~0110409146~~in ~~Aug-2005~~the ~~01-May-2000~~above MDtable ~~75.00~~is ~~51,750.00~~presented ~~Group~~graphically 1on ~~0110409823~~the ~~Sep-2005~~monthly ~~24-Jul-2002~~bond SCremittance 90report.00 ~~62,550.00~~The ~~Group~~monthly 1bond ~~0110410131~~remittance ~~Sep-2005~~report ~~07-Apr-2002~~can OHbe ~~90.00~~viewed ~~76,500~~online at www.00ctslink.com. Group 12 ~~0110410369~~12 ~~Aug-2005~~Month ~~01-Jun-2002~~REO NYHistory* ~~75.00~~New ~~30,000.00~~REO ~~Group~~Loans 1Month ~~0110410977~~REO ~~Sep-2005~~Percentage ~~21-Apr-2003~~Loans CTin ~~80.25~~REO ~~130,000.00 Group~~ 1 ~~0110411322 Aug~~Jan-~~2005~~05 ~~01-Mar-2002 MN 90~~0.~~00 189,~~000~~.00~~% ~~Group~~Original 2Principal ~~0110173065~~Balance ~~Sep-2005 01-Jul-2002 ID 80.00 90~~84,~~720~~850.00 ~~Group 2 0110207375 Sep~~Feb-~~2005~~05 ~~01-May-2003 KS 71~~0.~~88 460,~~000~~.00~~% ~~Group~~Current 2Principal ~~0110259584~~Balance ~~Sep-2005~~83,465.58 01Mar-~~Jun-2003~~05 ~~CO 80~~0.~~00 144,~~000~~.00~~% ~~Group 2 0110306007 Sep-2005 01-~~Apr-~~2004~~05 ~~AZ 90~~0.~~00 189,~~000~~.00~~% ~~Group~~Current 2REO ~~0110401680~~Total ~~Sep~~May-~~2005~~05 ~~01-Jan-2005 CA 77~~0.14000% ~~113,400.00~~Loans ~~Group~~in 2REO ~~0110407770~~1 ~~Sep~~Jun-~~2005~~05 ~~01-Jul-2003~~0.000% TXOriginal ~~47.20~~Principal 50Balance 84,~~500~~850.00 ~~Group 2 0110423508 Sep~~Jul-~~2005~~05 ~~01-Oct-2004~~0.000% GACurrent ~~80.00~~Principal ~~100~~Balance 83,~~872~~465.0058 ~~Group~~Aug-05 20.000% ~~0110433467~~ Sep-~~2005~~05 010.000% Oct-~~May-2004~~05 ~~IL 90~~0.00000% ~~184,500~~Nov-05 0.00000% ~~Group 2 0110433469 Sep~~Dec-~~2005~~05 ~~01-Sep-2004 FL 85~~0.00153% ~~109,650.00~~*The ~~Group~~text 2reported ~~0110433473~~in ~~Sep-2005~~the ~~01-Oct-2004~~above GAtable ~~85.00~~is ~~106,250.00~~presented ~~Group~~graphically 2on ~~0110433486~~the ~~Sep-2005~~monthly ~~01-Sep-2004~~bond NCremittance 85report.00 ~~57,375.00~~The ~~Group~~monthly 2bond ~~0110436357~~remittance ~~Sep-2005~~report ~~01-Jan-2005~~can CAbe ~~85.00~~viewed ~~391,000~~online at www.00ctslink.com.

~~Foreclosure~~REO Loan Detail - All Mortgage Loans in ~~Foreclosure~~REO during Current Period ~~(continued)~~Month ~~Current~~Loan ~~Paid~~First ~~Current~~Original ~~Approximate~~ Loan ~~Principal~~Entered ToPayment ~~Months~~LTV ~~Loan~~at ~~Delinquent~~Principal Group Number ~~Balance~~REO Date ~~Delinquent~~State ~~Rate~~Origination ~~Interest~~Balance Group 1 ~~0110206231~~0110287013 ~~57,965.04 01~~Dec-~~Apr-2003~~2005 ~~27 10.000% 1,378.83 Group 1 0110259823 36,008.01~~ 14-May-~~2004~~2000 14TX 1288.210% 1,052.37 Group 1 0110260476 51,048.84 24-Apr-2005 3 11.100% 1,363.47 Group 1 0110260666 212,083.02 01-May-2005 2 7.000% 3,453.85 Group 1 0110367578 62,293.95 20-Mar-2005 4 13.250% 2,647.48 Group 1 0110367710 44,081.79 06-Jun-2005 1 8.000% 835.46 Group 1 0110370033 33,212.74 01-Jun-2005 1 11.250% 893.79 Group 1 0110408621 40,801.61 14-Jan-2005 6 8.640% 833.70 Group 1 0110408678 65,994.13 20-Sep-2004 10 ~~10.700% 1~~49,~~687~~248.2318 Group 1 ~~0110408707~~0110287221 ~~157,309.04 15~~Dec-~~Apr-~~2005 ~~3 8.250% 3,099.84 Group 1 0110408736 22,504.95 20~~24-~~Apr~~Dec-~~2005~~2003 3TX 1088.~~800% 581.36 Group 1 0110408821 150,760.51 01-Nov-2004 8 11.000% 3,968.03 Group 1 0110408933 44,200.91 04-Mar-2005 4 10.240% 1,079.23 Group 1 0110409067 42,743.35~~ 07~~-Apr-2005~~ ~~3 10.000% 1~~66,~~018~~052.0400 Group 1 ~~0110409073~~0110408800 ~~46,786.48 16~~Aug-~~Nov-2004 8 11.200% 1,256.19 Group 1 0110409096 118,771.22 02-Apr-~~2005 ~~3 11.750% 3,348.68 Group 1 0110409146 50,739.83~~ 01-~~Dec~~May-~~2004~~2001 7MI ~~12.450% 1,519.37 Group 1 0110409823 61,344.21 24-Apr-2005 2 8.740% 1,268.79 Group 1 0110410131~~ 74~~,825~~.3400 ~~07-Apr-2005 3 9.300% 1~~63,~~652~~640.3900 Group 1 ~~0110410369~~0110465863 ~~29,574.89 01~~Dec-~~Sep-2004 10 9.900% 697.07 Group 1 0110410977 127,301.92 21-Apr-~~2005 ~~3 7.500% 2,236.40 Group 1 0110411322 186,264.62~~ 01-Jan-2005 7TN 969.~~990%~~92 486,~~432~~000.1000 Group 2 ~~0110173065~~0110287125 ~~89,719.85 01-~~Dec-~~2003 19 10.250% 2,190.22 Group 2 0110207375 450,448.56 01-May-~~2005 ~~2 8.750% 8,184.43 Group 2 0110259584 141,367.69~~ 01-~~Apr~~Sep-~~2005~~2000 3TX 979.~~375%~~97 284,~~906~~850.78 Group 2 0110306007 187,069.30 01-Apr-2005 3 7.400% 3,229.59 Group 2 0110401680 113,364.19 01-Apr-2005 3 6.250% 1,629.60 Group 2 0110407770 49,760.29 01-Apr-2005 3 8.400% 982.77 Group 2 0110423508 100,485.36 01-Feb-2005 5 7.400% 1,740.38 Group 2 0110433467 182,880.19 01-Mar-2005 4 7.499% 3,197.36 Group 2 0110433469 109,142.07 01-Apr-2005 3 8.990% 2,316.54 Group 2 0110433473 105,764.83 01-Apr-2005 3 8.240% 2,045.16 Group 2 0110433486 57,059.01 01-Apr-2005 3 7.990% 1,068.44 Group 2 0110436357 389,885.42 01-Apr-2005 3 7.750% 7,061.5300

~~COLLATERAL~~REO ~~STATEMENT~~Loan ~~Collateral~~Detail ~~Description~~- ~~Mixed~~All ~~Fixed~~Mortgage &Loans ~~Arm~~in ~~Weighted~~REO ~~Average~~during ~~Gross~~Current ~~Coupon~~Period ~~8.450239% Weighted Average Net Coupon 7.967492% Weighted Average Pass-Through Rate 7.894992% Weighted Average Maturity~~(~~Stepdown Calculation~~continued) ~~295~~Current ~~Beginning~~Paid ~~Scheduled~~Current ~~Collateral~~Approximate Loan ~~Count~~Principal ~~1,540~~To ~~Number~~Months OfLoan ~~Loans~~Delinquent ~~Paid~~Group InNumber ~~Full~~Balance 31Date ~~Ending~~Delinquent ~~Scheduled~~Rate ~~Collateral~~Interest ~~Loan~~Group ~~Count~~ 1~~,509~~ ~~Beginning~~0110287013 ~~Scheduled Collateral Balance 146~~48,~~633,886~~441.0352 ~~Ending Scheduled Collateral Balance 142,769,733.11 Ending Actual Collateral Balance at 31~~14-Aug-2005 ~~142,830,631~~2 9.25900% ~~Monthly P&I Constant~~ 1,~~199,285~~530.8288 ~~Special~~Group ~~Servicing~~1 ~~Fee~~0110287221 063,336.0030 ~~Prepayment~~24-Apr-2005 ~~Penalties~~6 ~~43,096~~10.60000% ~~Realized Loss Amount 0~~3,028.0061 ~~Cumulative~~Group ~~Realized~~1 ~~Loss~~0110408800 062,582.0022 ~~Scheduled~~01-Jul-2004 ~~Principal~~16 ~~166,709~~10.71850% ~~Unscheduled Principal~~ 3,~~697,443~~246.2171 ~~Required~~Group ~~Overcollateralization~~1 ~~Amount~~0110465863 ~~0.00 Overcollateralized Increase Amount 581~~85,~~859~~494.6628 ~~Overcollateralized~~01-Mar-2005 ~~reduction~~7 ~~Amount 0~~6.00875% ~~Specified O/C Amount 11~~2,~~763,955~~711.9943 ~~Overcollateralized~~Group ~~Amount~~2 ~~9,900,318.44~~0110287125 ~~Overcollateralized Deficiency Amount 1~~83,~~863,637~~465.5558 ~~Base~~01-Apr-2005 ~~Overcollateralized~~6 ~~Amount 0~~13.00550% ~~Extra principal distribution Amount 581~~5,~~859~~496.~~66 Excess Cash Amount 0.00~~42

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Foreclosure ~~Mixed~~History* ~~Fixed~~New &Foreclosure ~~Arm~~Loans ~~Weighted~~Month ~~Average~~Foreclosure ~~Coupon~~Percentage ~~Rate~~Loans 8in Foreclosure 21 Jan-05 0.~~450239~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Rate~~2,477,441.50 7Feb-05 0.~~967492~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance ~~Through~~2,410,202.55 ~~Rate~~Mar-05 70.~~894992~~000% ~~Weighted~~Apr-05 ~~Average~~0.000% ~~Maturity~~Current ~~295~~Foreclosure ~~Record~~Total ~~Date~~May-05 ~~08/31/2005~~0.000% ~~Principal~~Loans ~~and~~in ~~Interest~~Foreclosure ~~Constant~~83 1Jun-05 0.000% Original Principal Balance 9,~~199~~851,~~285~~517.8250 ~~Beginning~~Jul-05 ~~Loan~~0.000% ~~Count~~Current 1Principal Balance 9,~~540~~588,639.80 ~~Loans~~Aug-05 ~~Paid~~0.559% Sep-05 2.586% Oct-05 4.570% Nov-05 6.542% Dec-05 7.335% *The text reported in ~~Full~~the 31above ~~Ending~~table ~~Loan~~is ~~Count~~presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1~~,509~~ ~~Beginning~~12 ~~Scheduled~~Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 16 Jan-05 0.000% Original Principal Balance ~~146~~1,~~633~~268,~~886~~583.0300 ~~Ending~~Feb-05 ~~Scheduled~~0.000% Current Principal Balance ~~142~~1,~~769~~207,~~733~~338.1187 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Balance~~Apr-05 at0.000% 31Current Foreclosure Total May-~~Aug~~05 0.000% Loans in Foreclosure 52 Jun-~~2005~~05 ~~142,830,631~~0.25000% ~~Scheduled~~Original Principal ~~166~~Balance 4,~~709~~101,420.7100 ~~Unscheduled~~Jul-05 0.000% Current Principal Balance 3,~~697~~906,~~443~~313.2133 ~~Scheduled~~Aug-05 ~~Interest 1,032,576~~0.11974% ~~Servicing~~Sep-05 ~~Fee~~2.085% ~~58,989~~Oct-05 3.23879% ~~Master~~Nov-05 ~~Servicing~~4.463% ~~Fee~~Dec-05 ~~6,415~~5.23124% ~~Trustee~~*The ~~Fee~~text ~~0.00~~reported ~~FRY~~in ~~Amount~~the ~~0.00~~above ~~Special~~table ~~Hazard~~is ~~Fee~~presented ~~0.00~~graphically ~~Other~~on ~~Fee~~the ~~2,443~~monthly bond remittance report.90 ~~Pool~~The ~~Insurance~~monthly ~~Fee~~bond ~~0.00~~remittance ~~Spread~~report 1can 0be viewed online at www.00ctslink.com. ~~Spread~~Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 5 Jan-05 0.00000% ~~Spread~~Original 3Principal Balance 1,208,858.50 Feb-05 0.00000% ~~Net~~Current ~~Interest~~Principal ~~964~~Balance 1,~~727~~202,863.7568 ~~Realized~~Mar-05 ~~Loss~~0.000% ~~Amount~~Apr-05 0.00000% ~~Cumulative~~Current ~~Realized~~Foreclosure ~~Loss~~Total May-05 0.00000% ~~Percentage~~Loans ofin ~~Cumulative~~Foreclosure ~~Losses~~31 Jun-05 0.~~0000~~000% ~~Special~~Original ~~Servicing~~Principal ~~Fee~~Balance 5,750,097.50 Jul-05 0.00000% ~~Prepayment~~Current ~~Penalties~~Principal 43Balance 5,~~096~~682,326.6047 ~~Required~~Aug-05 ~~Overcollateralized Amount~~ 0.00000% ~~Overcollateralized~~Sep-05 ~~Increase~~3.268% ~~Amount~~Oct-05 ~~581,859~~5.66523% ~~Overcollateralized~~Nov-05 ~~Reduction~~9.453% ~~Amount~~Dec-05 010.00431% ~~Specified~~*The ~~O/C~~text ~~Amount~~reported ~~11,763,955.99~~in ~~Overcollateralized~~the ~~Amount~~above ~~9,900,318.44~~table ~~Overcollateralized~~is ~~Deficiency~~presented ~~Amount~~graphically ~~1,863,637~~on the monthly bond remittance report.55 ~~Base~~The ~~Overcollateralization~~monthly ~~Amount~~bond 0remittance report can be viewed online at www.00ctslink.com.

~~Prepayment~~Foreclosure Loan Detail - ~~Prepayments~~All Mortgage Loans in Foreclosure during Current Period ~~Summary~~Month ~~Loans~~Loan ~~Paid~~First InOriginal ~~Full~~Loan ~~Repurchased~~Entered ~~Loans~~Payment ~~Original~~LTV ~~Current~~at ~~Original~~Principal ~~Current~~Group ~~Principal~~Number ~~Principal~~FC ~~Principal~~Date ~~Principal~~State Origination Balance Group ~~Count~~1 ~~Balance~~0110260040 ~~Balance~~Oct-2005 ~~Count~~01-Jun-1999 ~~Balance~~CA ~~Balance~~90.00 247,500.00 Group 1 0110260429 Oct-2005 01-Oct-1994 IL 68.12 47,000.00 Group 1 0110286965 Oct-2005 26-Jan-2001 TX 94.20 65,000.00 Group 1 0110287165 Nov-2005 01-May-2001 IL 85.00 122,400.00 Group 1 0110331842 Oct-2005 01-Sep-2004 AZ 100.00 16,400.00 Group 1 0110368887 Oct-2005 05-Aug-1999 MI 93.03 41,863.00 Group 1 0110369130 Oct-2005 02-Apr-2000 OH 87.55 70,481.00 Group 1 0110408621 Aug-2005 14-Oct-1998 MD 80.00 48,800.00 Group 1 0110408622 Dec-2005 27-Oct-1998 MO 90.00 64,800.00 Group 1 0110408627 Dec-2005 17-Mar-1999 PA 85.00 82,450.00 Group 1 0110408675 Dec-2005 18-Feb-2000 NC 80.00 59,200.00 Group 1 0110408707 Aug-2005 15-Jul-1998 AL 80.00 192,000.00 Group 1 0110408717 Dec-2005 09-Mar-1999 NC 69.44 50,000.00 Group 1 0110408736 Sep-2005 20-Mar-2002 SC 53.19 25,000.00 Group 1 0110408803 Dec-2005 19-Apr-2001 IL 68.99 71,400.00 Group 1 0110408824 Nov-2005 22-Jun-2001 NY 80.00 63,200.00 Group 1 0110408825 Oct-2005 15-Aug-2001 PA 80.00 65,680.00 Group 1 0110408861 Dec-2005 15-Mar-2000 PA 85.00 63,750.00 Group 1 0110408864 Oct-2005 25-Nov-1999 PA 85.00 35,700.00 Group 1 0110408891 Dec-2005 16-May-2001 SC 90.00 67,500.00 Group 1 0110408933 Sep-2005 04-Sep-2000 WI 70.00 45,500.00 Group 1 0110408957 Oct-2005 14-Dec-2002 PA 77.78 70,000.00 Group 1 0110408960 Nov-2005 01-Aug-2002 IL 82.32 78,200.00 Group 1 0110409009 Dec-2005 29-Jun-2001 MI 85.00 52,700.00 Group 1 0110409024 Dec-2005 22-Apr-2001 NC 69.71 183,000.00 Group 1 0110409067 Sep-2005 07-Mar-2001 PA 85.00 43,775.00 Group 1 0110409072 Dec-2005 18-Jan-2001 IN 70.00 89,600.00 Group 1 0110409073 Aug-2005 16-Feb-2001 KS 100.00 50,000.00 Group 1 0110409093 Oct-2005 15-Dec-2000 IL 100.00 49,000.00 Group 1 0110409133 Oct-2005 20-Nov-2000 PA 80.00 52,000.00 Group 1 0110409146 Aug-2005 01-May-2000 MD 75.00 51,750.00 Group 1 0110409823 Sep-2005 24-Jul-2002 SC 90.00 62,550.00 Group 1 0110409842 Dec-2005 10-May-2002 FL 73.76 74,~~817~~500.00 Group 1 0110409882 Nov-2005 15-Feb-2002 SC 90.00 121,~~080~~500.00 Group 1 0110410055 Nov-2005 24-Feb-2002 IA 80.00 119,~~693~~200.00 Group 1 0110410369 Aug-2005 01-Jun-2002 NY 75.00 30,~~478~~000.9400 0Group 01 0110410977 Sep-2005 21-Apr-2003 CT 80.25 130,000.00 Group 1 0110411174 Dec-2005 01-Jun-2002 GA 25.86 30,000.00 Group 1 0110411223 Dec-2005 01-Jun-2002 GA 85.00 81,600.00 Group 1 0110411322 Aug-2005 01-Mar-2002 MN 90.00 189,000.00 Group 1 0110411339 Nov-2005 07-Feb-2002 NC 100.00 45,000.00 Group 1 0110433746 Dec-2005 01-Feb-2005 FL 97.00 160,050.00 Group 1 0110436353 Oct-2005 01-Jan-2005 NC 90.00 186,858.00 Group 1 0110463726 Nov-2005 01-Mar-2005 NY 100.00 80,000.00 Group 1 0110463975 Nov-2005 01-Apr-2005 FL 95.00 25,800.00 Group 1 0110465862 Nov-2005 01-May-2004 OH 85.00 113,900.00 Group 1 0110465888 Oct-2005 01-Jan-2005 OK 78.17 98,500.00 Group 1 0110475890 Nov-2005 01-Jan-2005 MA 100.00 79,980.00 Group 1 0110475895 Dec-2005 01-Apr-2005 FL 100.00 56,000.00 Group 1 0110475905 Oct-2005 01-Nov-2003 NY 95.00 22,500.00 Group 1 0110475915 Nov-2005 01-Dec-2004 CA 100.00 46,800.00 Group 1 0110549898 Dec-2005 01-May-1998 WA 0.00 82,033.00 Group 2 70110254380 Oct-2005 01-Apr-2004 CT 85.00 188,400.00 Group 2 0110259584 Sep-2005 01-Jun-2003 CO 80.00 144,~~004~~000.00 Group 2 0110287251 Oct-2005 01-Oct-2002 KY 144.91 615,~~810~~854.00 1Group 2 0110338659 Oct-2005 01-Oct-2004 OH 80.00 111,~~984~~920.00 Group 2 0110338871 Oct-2005 01-Oct-2004 PA 80.00 55,~~864~~200.1200 0Group 02 0110370099 Nov-2005 01-Jul-1999 MI 65.00 029,900.00 ~~Total~~Group 312 30110401680 Sep-2005 01-Jan-2005 CA 77.14 113,~~821~~400.00 Group 2 0110408875 Nov-2005 01-Nov-2002 MI 98.68 150,000.00 Group 2 0110408958 Oct-2005 17-Nov-2002 PA 90.00 99,000.00 Group 2 0110423504 Oct-2005 01-Nov-2004 NY 75.00 273,750.00 Group 2 0110426348 Oct-2005 01-Aug-2004 CO 77.55 411,000.00 Group 2 0110432520 Nov-2005 01-Feb-2005 VA 75.00 315,000.00 Group 2 0110433469 Sep-2005 01-Sep-2004 FL 85.00 109,650.00 Group 2 0110433481 Nov-2005 01-May-2004 IL 84.97 307,600.00 Group 2 0110433483 Oct-2005 01-May-2004 IN 90.00 118,800.00 Group 2 0110433486 Sep-2005 01-Sep-2004 NC 85.00 57,375.00 Group 2 0110436342 Dec-2005 01-Dec-2003 CO 74.56 195,358.50 Group 2 0110436346 Oct-2005 01-Dec-2004 TX 80.00 104,000.00 Group 2 0110436357 Sep-2005 01-Jan-2005 CA 85.00 391,000.00 Group 2 0110465858 Dec-2005 01-Sep-2004 IL 95.00 204,250.00 Group 2 0110465869 Oct-2005 01-Jun-2004 IL 89.34 109,890.00 3Group 2 0110475930 Dec-2005 01-Jan-2005 MO 75.00 71,~~678~~250.00 Group 2 0110475937 Nov-2005 01-Jan-2005 GA 80.00 100,~~343~~800.0600 0Group 02 0110475938 Nov-2005 01-Jan-2005 CA 95.00 0227,050.00 Group 2 0110475946 Nov-2005 01-Mar-2005 OH 80.00 54,400.00 Group 2 0110475949 Nov-2005 01-Feb-2005 GA 90.00 196,200.00 Group 2 0110475954 Nov-2005 01-Dec-2004 TN 85.00 70,550.00 Group 2 0110475960 Nov-2005 01-Feb-2005 MI 85.00 55,250.00 Group 2 0110475964 Dec-2005 01-Mar-2005 CA 90.00 585,000.00 Group 2 0110475968 Dec-2005 01-Feb-2005 CT 90.00 153,000.00 Group 2 0110475970 Nov-2005 01-Jun-2004 CA 75.00 131,250.00

~~Prepayment~~Foreclosure Loan Detail - ~~Prepayments~~All Mortgage Loans in Foreclosure during Current Period (continued) ~~Summary~~Current ~~Substitution~~Paid ~~Loans~~Current ~~Liquidated~~Approximate ~~Loans~~Loan ~~Curtailments~~Principal ~~Original~~To ~~Current~~Months ~~Original~~Loan ~~Current~~Delinquent ~~Principal~~Group ~~Principal~~Number ~~Principal~~Balance ~~Principal~~Date ~~Curtailment~~Delinquent Rate Interest Group ~~Count~~1 ~~Balance~~0110260040 ~~Balance~~229,751.14 ~~Count~~01-May-2005 ~~Balance~~5 ~~Balance~~7.500% ~~Amount~~8,015.29 Group 1 00110260429 040,956.0091 001-May-2005 5 9.00750% 01,895.86 0Group 1 0110286965 63,736.0007 026-Apr-2005 6 12.00000% 3,702.73 Group 1 0110287165 116,963.55 01-Jul-2005 3 7.500% 3,465.04 Group 1 0110331842 16,372.09 01-Mar-2005 7 12.875% 1,015.78 Group 1 0110368887 41,516.95 05-May-2005 5 6.999% 1,344.53 Group 1 0110369130 71,841.96 02-Apr-2005 6 9.000% 3,049.37 Group 1 0110408621 40,801.61 14-Jan-2005 9 8.640% 1,660.80 Group 1 0110408622 63,477.68 27-Jan-2005 8 10.550% 3,205.73 Group 1 0110408627 72,260.76 17-Jan-2005 9 10.800% 3,741.19 Group 1 0110408675 57,151.31 18-Dec-2004 10 9.990% 2,718.49 Group 1 0110408707 157,309.04 15-Apr-2005 6 8.250% 6,149.47 Group 1 0110408717 36,997.79 09-May-2005 5 9.350% 1,631.15 Group 1 0110408736 22,426.47 20-May-2005 5 10.800% 1,157.53 Group 1 0110408803 69,375.30 19-Jan-2005 9 9.200% 3,034.54 Group 1 0110408824 53,749.80 22-May-2005 5 9.500% 2,424.50 Group 1 0110408825 63,814.64 15-Mar-2005 7 8.990% 2,716.86 Group 1 0110408861 62,088.13 15-Jul-2005 3 11.990% 2,~~013~~983.4371 Group 1 0110408864 32,459.42 25-Jun-2004 15 9.850% 1,518.93 Group 1 0110408891 66,178.38 16-Jan-2005 9 10.600% 3,360.52 Group 1 0110408933 44,200.91 04-Mar-2005 7 10.240% 2,158.05 0Group 01 0110408957 68,593.0032 014-Jul-2004 15 6.00375% 02,025.97 0Group 1 0110408960 77,155.0039 001-Oct-2004 12 9.00990% 3,676.05 Group 1 0110409009 51,190.91 28-Dec-2004 9 9.000% 2,~~513~~183.96 Group 1 0110409024 175,367.79 22-Jul-2005 3 8.250% 5,697.19 Group 1 0110409067 42,743.35 07-Apr-2005 6 10.000% 2,035.82 Group 1 0110409072 81,986.40 18-Apr-2005 6 10.040% 3,940.59 Group 1 0110409073 46,786.48 16-Nov-2004 11 11.200% 2,506.57 Group 1 0110409093 40,498.12 15-Aug-2005 2 10.700% 1,435.63 Group 1 0110409133 50,780.81 20-Jan-2005 9 11.050% 2,688.47 Group 1 0110409146 50,667.47 01-Mar-2005 7 12.450% 3,038.66 Group 1 0110409823 61,344.21 24-Apr-2005 5 8.740% 2,537.33 Group 1 0110409842 72,410.01 10-Jul-2005 3 8.000% 2,275.88 Group 1 0110409882 112,015.08 15-Jun-2005 4 9.050% 4,795.54 Group 1 0110410055 116,954.26 24-Mar-2005 7 9.550% 5,314.77 Group 1 0110410369 29,574.89 01-Sep-2004 13 9.900% 1,394.15 Group 1 0110410977 127,301.92 21-Apr-2005 6 7.500% 4,472.03 Group 1 0110411174 28,068.65 ~~Total~~01-Jul-2005 03 09.490% 1,055.08 Group 1 0110411223 79,282.48 01-Jul-2005 3 8.990% 2,818.91 Group 1 0110411322 186,264.62 01-Jan-2005 10 9.990% 8,864.20 Group 1 0110411339 42,566.53 07-Jul-2005 2 11.990% 1,641.36 Group 1 0110433746 159,480.47 01-May-2005 5 6.625% 4,881.86 Group 1 0110436353 185,997.93 01-Aug-2005 2 8.875% 5,190.88 Group 1 0110463726 79,799.03 01-Jul-2005 3 9.475% 3,000.14 Group 1 0110463975 25,724.21 01-Apr-2005 6 12.775% 1,585.95 Group 1 0110465862 113,233.08 01-May-2005 5 9.750% 5,232.92 Group 1 0110465888 98,204.22 01-Apr-2005 6 7.490% 3,428.27 Group 1 0110475890 79,785.08 01-Jun-2005 4 10.500% 4,003.32 Group 1 0110475895 55,939.52 01-Jun-2005 4 11.000% 2,945.74 Group 1 0110475905 20,575.36 01-Apr-2005 6 12.240% 1,201.66 Group 1 0110475915 46,508.54 01-May-2005 5 11.990% 2,677.70 Group 1 0110549898 76,083.29 01-May-2005 5 9.000% 3,227.80 Group 2 0110254380 188,400.00 001-May-2005 5 6.200% 5,369.40 Group 2 0110259584 141,260.21 01-May-2005 5 9.375% 6,037.10 Group 2 0110287251 577,404.04 17-May-2005 5 8.000% 22,044.06 Group 2 0110338659 111,428.11 01-May-2005 5 9.100% 4,784.51 Group 2 0110338871 54,994.97 01-Apr-2005 6 9.250% 2,404.04 Group 2 0110370099 28,755.29 01-Jun-2005 4 11.750% 1,615.94 Group 2 0110401680 113,364.19 01-Apr-2005 6 6.250% 3,259.20 Group 2 0110408875 147,600.40 01-Jan-2005 9 12.000% 7,727.60 Group 2 0110408958 97,788.64 17-May-2005 5 12.750% 5,599.05 Group 2 0110423504 273,413.72 01-Dec-2004 10 8.450% 10,916.03 Group 2 0110426348 408,129.62 01-May-2005 5 7.950% 15,174.86 Group 2 0110432520 314,423.48 01-May-2005 5 9.900% 14,832.87 Group 2 0110433469 109,013.95 01-Jun-2005 4 8.990% 4,628.98 Group 2 0110433481 304,351.00 001-Jun-2005 04 7.625% 10,838.11 Group 2 0110433483 117,417.71 01-Jul-2005 3 7.499% 3,427.00 0Group 2 0110433486 57,059.01 01-Apr-2005 6 7.990% 2,134.56 Group 2 0110436342 192,492.49 01-Jul-2005 3 10.325% 6,548.17 Group 2 0110436346 103,314.92 01-Jun-2005 4 6.375% 3,036.32 Group 2 0110436357 389,885.42 01-Apr-2005 6 7.750% 14,107.46 Group 2 0110465858 202,765.72 01-Jun-2005 4 7.750% 7,352.99 Group 2 0110465869 109,040.32 01-Mar-2005 7 7.499% 3,808.20 Group 2 0110475930 71,119.23 01-May-2005 5 10.950% 3,730.07 Group 2 0110475937 100,443.01 01-Apr-2005 6 6.650% 3,105.31 Group 2 0110475938 226,306.32 01-Apr-2005 6 7.050% 7,443.00 Group 2 0110475946 54,330.23 01-May-2005 5 10.200% 2,645.75 Group 2 0110475949 195,892.40 01-Mar-2005 7 7.250% 6,638.91 Group 2 0110475954 70,285.20 01-Jun-2005 4 9.200% 3,~~527~~071.0816 Group 2 0110475960 55,189.28 01-Mar-2005 7 8.990% 2,350.97 Group 2 0110475964 584,033.22 01-Apr-2005 6 6.990% 19,033.49 Group 2 0110475968 152,453.02 01-Jun-2005 4 7.750% 5,556.11 Group 2 0110475970 129,971.35 01-Apr-2005 6 6.750% 4,079.15

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~Prepayment~~Summary ~~Loan~~12 ~~Detail~~Month -Bankruptcy ~~Prepayments~~History* ~~during~~New ~~Current~~Bankruptcy ~~Period~~Loans ~~First~~Month ~~Original~~Bankruptcy ~~Loan~~Percentage ~~LTV~~Loans atin ~~Payment~~Bankruptcy ~~Principal~~15 ~~Prepayment~~Jan-05 ~~Group~~0.000% ~~Number~~Original ~~State~~Principal ~~Origination Date~~ Balance ~~Amount Group~~ 1 ~~0110259949 NJ 90~~,237,693.00 01Feb-~~Jul-1994~~05 ~~270,000~~0.00000% ~~226,646.03~~Current ~~Group~~Principal Balance 1,201,613.44 ~~0110260330~~Mar-05 ~~NJ 80~~0.00000% 23Apr-~~Aug-1997~~05 ~~144,000~~0.00000% ~~147,556.60~~Current ~~Group~~Bankruptcy 1Total ~~0110305933 CA 100.00 01~~May-~~Jul-2004~~05 ~~37,700~~0.00000% ~~37,105.14~~Loans ~~Group~~in 1Bankruptcy ~~0110367695~~180 ~~OH 90.00 23-~~Jun-~~1997~~05 ~~54,000~~0.00000% ~~52,450.83~~Original ~~Group~~Principal 1Balance ~~0110367706 KS 33~~15,444,322.5746 15Jul-~~Aug-2000~~05 ~~20,814~~0.00000% ~~15,513.56~~Current ~~Group~~Principal 1Balance ~~0110367963~~14,462,487.11 NJAug-05 798.97592% ~~29-~~Sep-~~2000~~05 ~~71,177~~11.00106% ~~69,921~~Oct-05 10.44831% ~~Group~~Nov-05 ~~1 0110369381 OH 80~~11.75954% 15Dec-~~Apr-1999~~05 ~~43,603~~11.00064% ~~43,486.42~~*The ~~Group~~text 1reported ~~0110369713~~in OHthe ~~105.24~~above ~~02-Sep-2000~~table ~~110,500.00~~is ~~109,435.20~~presented ~~Group~~graphically 1on ~~0110407822~~the NJmonthly ~~85.26~~bond ~~01-Jan-1998~~remittance ~~81,000~~report.00 ~~73,501.84~~The ~~Group~~monthly 1bond ~~0110407849~~remittance GAreport ~~90.00~~can ~~01-Oct-1998~~be ~~146,700.00~~viewed ~~140,574~~online at www.90ctslink.com. Group 1 ~~0110408778~~12 MOMonth ~~72.31~~Bankruptcy ~~01-Sep-1999~~History* ~~47,000.00~~New ~~40,923.68~~Bankruptcy ~~Group~~Loans 1Month ~~0110408893~~Bankruptcy AZPercentage ~~100.00~~Loans ~~25-May-2001~~in ~~25,000.00~~Bankruptcy ~~22,985.58~~8 ~~Group~~Jan-05 10.000% ~~0110408943~~Original MDPrincipal ~~35.71~~Balance ~~16-Jul-2000 35~~399,~~000~~973.00 ~~357~~Feb-05 0.32000% ~~Group~~Current 1Principal ~~0110410138~~Balance ~~IL 90~~373,823.0096 ~~01-~~Mar-~~2002~~05 ~~95,400~~0.00000% ~~93,284~~Apr-05 0.18000% ~~Group~~Current 1Bankruptcy ~~0110410435~~Total ~~IN 96.15 01~~May-~~Feb-2003~~05 ~~75,000~~0.~~00 73,~~000~~.12~~% ~~Group~~Loans 1in ~~0110411175~~Bankruptcy CA139 ~~12.47 01-~~Jun-~~2002~~05 ~~28,000~~0.00000% ~~24,716.75~~Original ~~Group~~Principal 1Balance ~~0110411284 CO 100~~11,275,725.0046 19Jul-~~Feb-2002~~05 ~~71,000~~0.00000% ~~69,893.17~~Current ~~Group~~Principal 1Balance ~~0110423609~~10,396,810.12 ILAug-05 9511.00236% 01Sep-05 15.390% Oct-~~2004~~05 14~~,000~~.00916% Nov-05 16.287% Dec-05 13~~,295~~.91637% ~~Group~~*The 1text ~~0110426224~~reported HIin ~~100.00~~the ~~01-Mar-2004~~above ~~21,600.00~~table ~~21,043.19~~is ~~Group~~presented 1graphically ~~0110426242~~on CAthe ~~100.00~~monthly ~~01-Aug-2004~~bond ~~51,200.00~~remittance ~~50,898~~report.31 ~~Group~~The 1monthly ~~0110433457~~bond PAremittance ~~39.47~~report ~~01-May-2004~~can ~~60,000.00~~be ~~58,816.93~~viewed ~~Group~~online 1at ~~0110433482~~www.ctslink.com. CAGroup ~~85.78~~2 ~~01-Jul-2004~~12 ~~193,000.00~~Month ~~191,058.97~~Bankruptcy ~~Group~~History* 1New ~~0110475897~~Bankruptcy FLLoans ~~100.00~~Month ~~01-Mar-2005~~Bankruptcy ~~35,000.00~~Percentage ~~34,923.34~~Loans ~~Group~~in 1Bankruptcy ~~0110549881~~7 UTJan-05 0.00000% ~~01-Jul-1998~~Original 86Principal Balance 837,~~386~~720.00 ~~79,606~~Feb-05 0.96000% ~~Group~~Current 2Principal ~~0110206060~~Balance ~~CA 80~~827,789.0048 01Mar-~~Jan-2003~~05 ~~600,000~~0.00000% ~~591,760~~Apr-05 0.69000% ~~Group~~Current 2Bankruptcy ~~0110401705~~Total COMay-05 800.00000% 01Loans in Bankruptcy 41 Jun-~~Jan-2005~~05 ~~118,400~~0.00000% ~~118~~Original Principal Balance 4,~~400~~168,597.00 ~~Group~~Jul-05 20.000% ~~0110407604~~Current CAPrincipal 85Balance 4,065,676.0099 01Aug-~~Nov-2004~~05 ~~157,250~~5.00033% ~~153,090~~Sep-05 5.44277% ~~Group~~Oct-05 25.194% ~~0110407787~~Nov-05 ~~FL 80~~5.00889% 01Dec-~~Oct-2003~~05 ~~128,000~~7.00463% ~~125,635.61~~*The ~~Group~~text 2reported ~~0110408375~~in KYthe ~~80.00~~above ~~01-Feb-2005~~table ~~52,000.00~~is ~~51,769.04~~presented ~~Group~~graphically 2on ~~0110426259~~the CAmonthly ~~65.00~~bond ~~01-Feb-2004~~remittance ~~341,250~~report.00 ~~335,437.79~~The ~~Group~~monthly 2bond ~~0110475951~~remittance MDreport ~~100.00~~can ~~01-Feb-2005~~be ~~607,910.00~~viewed ~~607,910~~online at www.00ctslink.com.

~~Prepayment~~Bankruptcy ~~Loan~~ Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~(continued)~~Group ~~Current~~Loan Month Loan ~~PIF~~First ~~Months~~State ~~Loan~~LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance Group ~~Number~~1 ~~Type~~0110206133 ~~Delinquent~~Aug-2005 ~~Rate~~01-Jan-1998 ~~Term~~UT ~~Seasoning~~75.00 123,750.00 Group 1 ~~0110259949~~0110206205 ~~Loan~~Aug-2005 ~~Paid~~15-May-1998 inTN ~~Full~~80.00 48,000.00 Group 1 0110206217 Aug-2005 01-Jul-1998 TN 85.00 42,585.00 Group 1 0110206218 Aug-2005 15-Feb-1998 MI 80.60 54,000.00 Group 1 0110206231 Dec-2005 01-Feb-1998 NY 90.00 60,300.00 Group 1 0110206245 Aug-2005 15-Jul-1998 SC 85.00 63,750.00 Group 1 0110252191 Aug-2005 01-May-1998 NJ 80.00 109,600.00 Group 1 0110252196 Aug-2005 01-Feb-1999 FL 80.00 135,200.00 Group 1 0110259811 Aug-2005 08-Nov-1999 AL 80.00 46,400.00 Group 1 0110259820 Aug-2005 01-Jun-1999 NC 90.00 50,400.00 Group 1 0110259823 Oct-2005 14-Sep-2000 7IN 85.00 38,250%.00 ~~360~~Group ~~134~~1 0110259846 Aug-2005 01-Jun-1998 PA 65.38 94,800.00 Group 1 ~~0110260330~~0110259883 ~~Loan~~Aug-2005 ~~Paid~~02-Oct-1998 inTN ~~Full~~80.00 373,600.00 9Group 1 0110259893 Dec-2005 20-Apr-1996 NM 80.~~650%~~00 ~~180~~24,400.00 Group 1 0110259897 Aug-2005 27-Dec-1995 AL 75.00 30,000.00 Group 1 0110259903 Aug-2005 19-Aug-1995 NY 44.29 62,000.00 Group 1 0110259907 Aug-2005 16-Sep-1995 GA 80.00 58,400.00 Group 1 0110259912 Aug-2005 30-May-1994 PA 70.00 29,400.00 Group 1 0110259941 Aug-2005 01-Jan-1996 NH 79.82 318,500.00 Group 1 0110259958 Sep-2005 01-May-1994 PA 90.00 216,000.00 Group 1 0110259973 Aug-2005 01-Oct-1993 PA 77.10 281,400.00 Group 1 0110260116 Aug-2005 01-Jan-1999 CA 52.19 334,000.00 Group 1 0110260291 Aug-2005 01-Jul-1996 NJ 90.00 212,400.00 Group 1 0110260306 Aug-2005 01-Dec-1995 TX 78.54 344,000.00 Group 1 0110260384 Aug-2005 01-Mar-1996 NJ 71.75 51,300.00 Group 1 0110260410 Aug-2005 07-Sep-1995 OH 80.00 55,200.00 Group 1 0110260533 Aug-2005 01-Sep-1995 MD 69.02 376,132.96 Group 1 ~~0110305933~~0110260538 ~~Loan~~Aug-2005 ~~Paid~~01-Dec-1994 inTX ~~Full~~90.00 042,300.00 12Group 1 0110260549 Aug-2005 01-May-1994 GA 90.~~150%~~00 ~~240~~42,300.00 14Group 1 0110260581 Sep-2005 01-May-1994 FL 80.00 219,200.00 Group 1 ~~0110367695~~0110268703 ~~Loan~~Aug-2005 ~~Paid~~01-Jul-2003 inMA ~~Full~~94.98 043,000.00 11Group 1 0110286995 Aug-2005 01-Apr-2002 TX 133.~~240%~~96 ~~364~~48,000.00 Group 1 0110287000 Aug-2005 30-Sep-2003 OR 91.89 69,833.00 Group 1 0110287004 Nov-2005 01-Nov-2003 PA 98.93 34,200.00 Group 1 ~~0110367706~~0110287078 ~~Loan~~Aug-2005 ~~Paid~~01-Oct-2000 inTX ~~Full~~99.95 399,849.00 13Group 1 0110287083 Aug-2005 03-Aug-2000 NJ 79.~~740%~~94 ~~180~~26,400.00 61Group 1 0110287123 Nov-2005 01-Aug-2003 MO 80.35 67,497.00 Group 1 ~~0110367963~~0110287222 ~~Loan~~Aug-2005 ~~Paid~~16-Oct-2003 inTX ~~Full~~90.19 051,408.00 13Group 1 0110367579 Dec-2005 15-Nov-2000 NE 95.~~250%~~40 ~~360~~89,195.00 59Group 1 0110367710 Dec-2005 06-Aug-2000 OH 91.82 53,253.00 Group 1 ~~0110369381~~0110367738 ~~Loan~~Aug-2005 ~~Paid~~15-Jan-2001 inKS ~~Full~~100.00 011,043.00 Group 1 0110367916 Nov-2005 21-Oct-2000 IN 86.86 38,305.00 Group 1 0110368714 Aug-2005 10-Sep-1999 IL 96.27 52,951.00 Group 1 0110369141 Aug-2005 15-May-1998 OH 94.18 118,672.00 Group 1 0110369158 Aug-2005 07-Nov-1998 OH 56.50 132,772.00 Group 1 0110369353 Aug-2005 14-Jan-1998 OH 90.41 81,372.00 Group 1 0110369482 Aug-2005 05-Jun-1998 OH 94.69 90,903.00 Group 1 0110369824 Aug-2005 03-Oct-1999 IN 45.45 20,000.00 Group 1 0110369827 Aug-2005 01-May-2000 KS 95.64 99,465.00 Group 1 0110369920 Aug-2005 01-Aug-1998 OH 95.39 89,189.00 Group 1 0110369922 Sep-2005 01-Jan-2000 LA 80.00 52,800.00 Group 1 0110369956 Aug-2005 01-Jul-1999 VA 75.00 44,212.50 Group 1 0110369979 Dec-2005 01-Jul-1999 NE 75.00 22,500.00 Group 1 0110370036 Dec-2005 01-Jul-1999 MI 85.00 42,500.00 Group 1 0110370080 Nov-2005 01-Jul-1999 AL 85.00 171,700.00 Group 1 0110370150 Aug-2005 01-Jun-1999 AL 70.00 43,400.00 Group 1 0110388920 Aug-2005 01-May-2004 MI 100.00 52,700.00 Group 1 0110407754 Aug-2005 01-Nov-2000 GA 93.82 129,000.00 Group 1 0110407803 Aug-2005 01-Apr-1999 IN 80.00 100,000.00 Group 1 0110407821 Aug-2005 01-Mar-1998 TX 83.90 49,500.00 Group 1 0110407853 Aug-2005 01-Nov-1998 TX 84.00 16,800.00 Group 1 0110408599 Aug-2005 24-Dec-1998 OH 80.00 82,000.00 Group 1 0110408612 Aug-2005 12-Jun-1997 FL 80.00 62,160.00 Group 1 0110408637 Aug-2005 22-Mar-1998 OH 80.00 86,400.00 Group 1 0110408654 Aug-2005 02-Jan-1998 TN 80.00 68,000.00 Group 1 0110408655 Aug-2005 01-Jan-1998 NC 80.00 80,800.00 Group 1 0110408666 Aug-2005 17-Mar-2000 NC 80.00 100,800.00 Group 1 0110408670 Aug-2005 15-Jan-2000 OH 74.64 58,500%.00 ~~363~~Group 1 0110408678 Nov-2005 20-Jan-2000 OH 85.00 68,000.00 Group 1 0110408679 Aug-2005 28-Jan-2000 IN 77.94 54,400.00 Group 1 ~~0110369713~~0110408710 ~~Loan~~Aug-2005 ~~Paid~~24-Dec-1997 inOH ~~Full~~80.00 089,600.00 11Group 1 0110408712 Nov-2005 20-Mar-1998 IL 75.00 27,375.00 Group 1 0110408719 Aug-2005 05-Mar-1999 OH 90.00 101,700.00 Group 1 0110408722 Aug-2005 27-Feb-1999 PA 80.00 73,600.00 Group 1 0110408723 Nov-2005 27-Feb-1999 NC 80.00 78,800.00 Group 1 0110408741 Aug-2005 06-Dec-2000 OH 70.00 66,500%.00 ~~360~~Group 601 0110408751 Aug-2005 22-Aug-2002 OK 64.81 71,289.00 Group 1 ~~0110407822~~0110408789 ~~Loan~~Aug-2005 ~~Paid~~12-Oct-2001 inOH ~~Full~~90.00 078,300.00 9Group 1 0110408793 Aug-2005 11-Aug-2001 MI 85.~~875%~~00 ~~360~~48,450.00 92Group 1 0110408839 Aug-2005 04-Sep-1997 OH 70.51 110,000.00 Group 1 ~~0110407849~~0110408850 ~~Loan~~Aug-2005 ~~Paid~~21-Jan-1999 inNC ~~Full~~55.56 1770,000.00 9Group 1 0110408874 Aug-2005 20-Oct-2002 MO 89.~~750%~~90 ~~180~~91,700.00 83Group 1 0110408887 Aug-2005 17-May-2001 LA 90.00 103,500.00 Group 1 ~~0110408778~~0110408900 ~~Loan~~Nov-2005 ~~Paid~~22-Mar-2001 inMI ~~Full~~70.00 636,400.00 9Group 1 0110408910 Aug-2005 18-Jan-2001 OH 79.90 78,300%.00 ~~240~~Group 721 0110408916 Aug-2005 25-Nov-2000 NE 90.00 23,400.00 Group 1 ~~0110408893~~0110408937 ~~Loan~~Nov-2005 ~~Paid~~15-Sep-2000 inFL ~~Full~~60.77 039,501.00 10Group 1 0110408996 Aug-2005 17-Nov-2001 MI 80.~~900%~~00 ~~240~~136,800.00 51Group 1 0110409012 Aug-2005 13-Jul-2001 PA 89.46 74,250.00 Group 1 ~~0110408943~~0110409013 ~~Loan~~Aug-2005 ~~Paid~~26-Mar-2001 inMD ~~Full~~95.00 ~~(2)~~137,750.00 11Group 1 0110409023 Dec-2005 01-May-2001 NY 100.~~900%~~00 ~~360~~33,425.00 62Group 1 0110409029 Aug-2005 14-Oct-2001 SC 84.21 48,000.00 Group 1 ~~0110410138~~0110409036 ~~Loan~~Aug-2005 ~~Paid~~03-Jun-2001 inTN ~~Full~~100.00 049,000.00 10Group 1 0110409065 Nov-2005 26-Mar-2001 KY 100.00 17,900.00 Group 1 0110409069 Aug-2005 25-Feb-2001 DE 100%.00 ~~180~~41,000.00 Group 1 0110409074 Aug-2005 04-Feb-2001 IN 100.00 42,443.00 Group 1 ~~0110410435~~0110409089 ~~Loan~~Aug-2005 ~~Paid~~15-Nov-2000 inTN ~~Full~~80.00 050,800.00 7Group 1 0110409091 Aug-2005 30-Sep-2000 MS 90.~~250%~~00 ~~360~~45,000.00 31Group 1 0110409096 Nov-2005 02-Feb-2001 PA 100.00 121,000.00 Group 1 ~~0110411175~~0110409118 ~~Loan~~Aug-2005 ~~Paid~~01-Sep-2000 inWA ~~Full~~90.00 135,000.00 Group 1 90110409125 Aug-2005 10-Sep-2000 GA 69.~~740%~~29 ~~180~~24,250.00 39Group 1 0110409147 Aug-2005 05-May-2000 TN 85.00 49,300.00 Group 1 ~~0110411284~~0110409159 ~~Loan~~Aug-2005 ~~Paid~~12-Feb-2000 inNC ~~Full~~80.00 047,680.00 11Group 1 0110409166 Aug-2005 24-Dec-1999 SC 85.00 45,900%.00 ~~360~~Group 421 0110409168 Nov-2005 01-Dec-1999 SC 70.00 30,800.00 Group 1 ~~0110423609~~0110409172 ~~Loan~~Aug-2005 ~~Paid~~01-Dec-2000 inIL ~~Full~~78.20 076,400.00 11Group 1 0110409178 Sep-2005 01-Oct-2000 IL 78.~~999%~~07 ~~120~~68,000.00 11Group 1 0110409184 Aug-2005 01-Jan-2000 IL 80.00 32,000.00 Group 1 ~~0110426224~~0110409185 ~~Loan~~Aug-2005 ~~Paid~~01-Oct-1999 inGA ~~Full~~58.06 090,000.00 9Group 1 0110409257 Aug-2005 01-Jan-2004 NC 79.~~900%~~05 ~~240~~83,000.00 18Group 1 0110409847 Aug-2005 08-May-2002 TN 79.17 47,500.00 Group 1 ~~0110426242~~0110409954 ~~Loan~~Aug-2005 ~~Paid~~21-Nov-2002 inMN ~~Full~~100.00 (140,000.00 Group 1) 100110409992 Aug-2005 01-Sep-2002 MN 100.00 136,000.00 Group 1 0110409999 Nov-2005 02-Aug-2002 MN 90.00 139,500%.00 ~~360~~Group 1 0110410023 Dec-2005 08-Jun-2002 MN 80.00 74,400.00 Group 1 0110410131 Nov-2005 07-Apr-2002 OH 90.00 76,500.00 Group 1 0110410145 Aug-2005 14-Feb-2002 MI 81.88 56,500.00 Group 1 0110410327 Aug-2005 01-Jul-2002 MO 80.00 49,600.00 Group 1 0110410329 Aug-2005 13-Jun-2002 PA 85.00 40,800.00 Group 1 ~~0110433457~~0110410371 ~~Loan~~Aug-2005 ~~Paid~~01-Apr-2002 inOH ~~Full~~80.00 (56,000.00 Group 1) 60110410395 Aug-2005 01-Mar-2002 NJ 80.~~200%~~87 ~~360~~186,000.00 Group 1 0110410488 Aug-2005 01-Dec-2002 OH 100.00 139,000.00 Group 1 0110410547 Aug-2005 17-Aug-2002 IN 52.55 16,290.00 Group 1 ~~0110433482~~0110410993 ~~Loan~~Aug-2005 ~~Paid~~01-Apr-2003 inMD ~~Full~~77.88 0121,500.00 7Group 1 0110411096 Aug-2005 01-Nov-2002 PA 90.~~875%~~00 ~~360~~112,500.00 14Group 1 0110411118 Aug-2005 19-Oct-2002 KY 88.52 54,000.00 Group 1 ~~0110475897~~0110411168 ~~Loan~~Aug-2005 ~~Paid~~01-Jun-2002 inGA ~~Full~~100.00 025,900.00 11Group 1 0110411236 Aug-2005 02-May-2002 NC 85.00 65,025.00 Group 1 0110411258 Aug-2005 12-Mar-2002 NY 80.00 62,400.00 Group 1 0110411265 Aug-2005 01-Apr-2002 PA 65.79 25,000%.00 ~~360~~Group 61 0110411293 Aug-2005 20-Mar-2002 GA 100.00 173,000.00 Group 1 ~~0110549881~~0110411307 ~~Loan~~Aug-2005 ~~Paid~~01-Mar-2002 inAL ~~Full~~90.00 049,500.00 8Group 1 0110411319 Aug-2005 01-Mar-2002 OH 85.00 212,500.00 Group 1 0110411341 Aug-2005 01-Mar-2002 GA 69.46 83,000.00 Group 1 0110423590 Nov-2005 01-Dec-2004 IL 95.00 12,000.00 Group 1 0110423602 Nov-2005 01-Nov-2004 CO 100.00 38,000.00 Group 1 0110423615 Aug-2005 01-Sep-2004 IL 100.00 28,400.00 Group 1 0110423628 Aug-2005 01-Nov-2004 GA 95.00 8,250%.00 ~~364~~Group 861 0110435175 Oct-2005 01-Oct-2004 WA 100.00 37,500.00 Group 2 ~~0110206060~~0110172700 ~~Loan~~Aug-2005 ~~Paid~~01-Aug-2003 inAL ~~Full~~70.00 149,700.00 11Group 2 0110172707 Aug-2005 01-Aug-2003 MS 85.~~900%~~00 ~~360~~41,650.00 32Group 2 0110172832 Dec-2005 01-Aug-2003 FL 80.00 141,600.00 Group 2 ~~0110401705~~0110172961 ~~Loan~~Aug-2005 ~~Paid~~01-Oct-1999 inOR ~~Full~~81.10 0117,600.00 6Group 2 0110172977 Aug-2005 01-Jul-1999 MI 80.00 46,400.00 Group 2 0110172991 Aug-2005 01-Sep-1999 WI 85.00 63,750.00 Group 2 0110173036 Aug-2005 01-Jul-2001 OH 80.00 136,000%.00 ~~360~~Group 82 0110173040 Aug-2005 01-May-2001 LA 80.00 215,200.00 Group 2 ~~0110407604~~0110173065 ~~Loan~~Dec-2005 ~~Paid~~01-Jul-2002 inID ~~Full~~80.00 ~~(1)~~90,720.00 6Group 2 0110205941 Sep-2005 01-Dec-2002 IL 80.~~550%~~00 ~~360~~68,000.00 10Group 2 0110205984 Aug-2005 01-Dec-2002 IL 85.00 97,750.00 Group 2 ~~0110407787~~0110206095 ~~Loan~~Aug-2005 ~~Paid~~01-Dec-2002 inAL ~~Full~~80.00 ~~(1)~~108,800.00 7Group 2 0110251896 Aug-2005 01-Oct-1999 NV 69.~~450%~~78 ~~360~~80,250.00 23Group 2 0110251964 Aug-2005 01-Oct-1999 TN 80.00 292,000.00 Group 2 ~~0110408375~~0110251979 ~~Loan~~Aug-2005 ~~Paid~~01-Aug-1999 inFL ~~Full~~80.00 054,080.00 8Group 2 0110251989 Aug-2005 01-Mar-1999 OH 80.~~400%~~00 ~~360~~56,000.00 7Group 2 0110305945 Dec-2005 01-May-2004 NJ 54.35 150,000.00 Group 2 ~~0110426259~~0110369975 ~~Loan~~Aug-2005 ~~Paid~~01-May-1999 inMD ~~Full~~85.00 031,875.00 6Group 2 0110369983 Aug-2005 01-Jul-1999 MN 70.00 65,030.00 Group 2 0110370006 Aug-2005 01-Jun-1999 IN 85.00 51,850.00 Group 2 0110370120 Aug-2005 01-Jun-1999 NE 85.00 62,475.00 Group 2 0110407784 Dec-2005 01-Jul-2003 LA 80.00 116,000.00 Group 2 0110407785 Aug-2005 01-Feb-2003 TN 90.00 90,900%.00 ~~360~~Group 192 0110407789 Aug-2005 01-Jul-2003 MI 85.00 183,600.00 Group 2 ~~0110475951~~0110407799 ~~Loan~~Aug-2005 ~~Paid~~01-Oct-2001 inIL ~~Full~~80.00 0112,000.00 8Group 2 0110407811 Aug-2005 01-Oct-2000 MI 70.00 39,900.00 Group 2 0110407820 Aug-2005 01-Jul-2000 TX 86.07 236,700.00 Group 2 0110407841 Aug-2005 01-Jan-1999 MI 70.00 74,200.00 Group 2 0110407842 Aug-2005 01-Nov-1998 OR 85.00 170,000.00 Group 2 0110407851 Aug-2005 01-Sep-1999 AL 65.00 33,800.00 Group 2 0110407852 Aug-2005 01-Jan-1999 IL 80.00 24,000.00 Group 2 0110408409 Oct-2005 01-Feb-2005 TX 80.00 107,030.00 Group 2 0110408589 Aug-2005 01-Feb-2004 NC 80.00 108,800.00 Group 2 0110408747 Aug-2005 01-Dec-2002 OK 90.00 47,700.00 Group 2 0110408814 Dec-2005 01-Aug-2002 PA 85.15 140,500.00 Group 2 0110423508 Oct-2005 01-Oct-2004 GA 80.00 100,872.00 Group 2 0110426380 Nov-2005 01-Jun-2004 PA 85.00 159,715.00 Group 2 0110433473 Nov-2005 01-Oct-2004 GA 85.00 106,250%.00 ~~360~~Group 72 0110465873 Dec-2005 01-Nov-2004 UT 90.00 148,500.00 Group 2 0110465901 Oct-2005 01-Aug-2004 OH 100.00 97,000.00 Group 2 0110480690 Dec-2005 01-Mar-2005 TN 80.00 50,400.00

Summary SMM CPR PSA Current Month 2.523% Current Month 26.410% Current Month 440.168% 3 Month Average 3.820% 3 Month Average 36.921% 3 Month Average 615.346% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 39.867% N/A Jul-2005 664.449% N/A Aug-2005 44.485% N/A Aug-2005 741.419% N/A Sep-2005 26.410% N/A Sep-2005 440.168% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 SMM CPR PSA Current Month 2.026% Current Month 21.780% Current Month 362.999% 3 Month Average 2.522% 3 Month Average 26.329% 3 Month Average 438.813% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 26.989% N/A Jul-2005 449.824% N/A Aug-2005 30.217% N/A Aug-2005 503.615% N/A Sep-2005 21.780% N/A Sep-2005 362.999% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 3.191% Current Month 32.241% Current Month 812.711% 3 Month Average 5.476% 3 Month Average 48.042% 3 Month Average 1,305.089% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 52.964% N/A Jul-2005 1,533.545% N/A Aug-2005 58.920% N/A Aug-2005 1,569.011% N/A Sep-2005 32.241% N/A Sep-2005 812.711% 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 Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Group 1 014 0484,566.0071 0510,714.0046 0.~~000~~671% Group 2 0 0.00 0.00 0.000% Total 014 0484,566.0071 0510,714.0046 0.~~000~~391%

Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term NoGroup ~~losses~~1 ~~this~~0110423546 ~~period~~27,600.00 11.500% OR 100.00 240 Group 1 0110464450 10,900.00 12.250% GA 95.00 120 Group 1 0110464539 28,000.00 9.250% CA 88.00 360 Group 1 0110464559 29,000.00 10.990% UT 100.00 360 Group 1 0110464584 89,000.00 11.125% NY 100.00 360 Group 1 0110464759 7,100.00 11.950% TX 95.00 60 Group 1 0110464863 37,000.00 9.500% IL 100.00 180 Group 1 0110464919 35,200.00 10.820% TX 100.00 360 Group 1 0110465221 127,000.00 10.500% CA 100.00 360 Group 1 0110475898 25,000.00 11.000% NC 100.00 360 Group 1 0110475904 17,000.00 12.500% GA 95.00 180 Group 1 0110475909 36,600.00 11.250% IL 100.00 240 Group 1 0110475910 7,500.00 12.249% GA 100.00 120 Group 1 0110475916 10,350.00 12.000% UT 95.00 120

Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) NoGroup ~~losses~~1 ~~this~~0110423546 ~~period~~27,509.62 29,228.05 29,228.05 Group 1 0110464450 10,806.09 11,460.57 11,460.57 Group 1 0110464539 27,926.29 28,956.44 28,956.44 Group 1 0110464559 28,979.23 30,570.17 30,570.17 Group 1 0110464584 88,906.48 93,847.44 93,847.44 Group 1 0110464759 6,836.22 7,371.10 7,371.10 Group 1 0110464863 36,525.28 37,795.46 37,795.46 Group 1 0110464919 35,160.49 37,200.83 37,200.83 Group 1 0110465221 127,000.00 133,658.08 133,658.08 Group 1 0110475898 24,969.71 26,341.76 26,341.76 Group 1 0110475904 16,695.51 17,733.34 17,733.34 Group 1 0110475909 36,002.02 38,020.21 38,020.21 Group 1 0110475910 7,233.56 7,796.17 7,796.17 Group 1 0110475916 10,016.21 10,734.84 10,734.84

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.~~000~~359% Current Month 07.~~000~~035% 3 Month Average 0.~~000~~120% 3 Month Average 02.~~000~~345% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.~~000~~359% N/A ~~Sep~~Dec-2005 07.~~000~~035% 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 04.~~000~~221% Current Month 0105.~~000~~930% 3 Month Average 01.~~000~~407% 3 Month Average 035.~~000~~310% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 04.~~000~~221% N/A ~~Sep~~Dec-2005 0105.~~000~~930% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.~~000~~615% Current Month 011.~~000~~894% 3 Month Average 0.~~000~~205% 3 Month Average 03.~~000~~965% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.~~000~~615% N/A ~~Sep~~Dec-2005 011.~~000~~894% 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 07.~~000~~136% Current Month 0105.~~000~~930% 3 Month Average 02.~~000~~379% 3 Month Average 035.~~000~~310% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 07.~~000~~136% N/A ~~Sep~~Dec-2005 0105.~~000~~930% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Jul-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Aug-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Jul~~Oct-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Aug~~Nov-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Prepayment - Voluntary Prepayments

Filing Compare · ACE Securities Corp Home Equity Loan Trust Series 2005-SD2