8-K 1 ba846082-8k.txt CURRENT REPORT 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: May 26, 2005 (Date of earliest event reported) Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-118843 36-4514369 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) Registrant's telephone number, including area code (704) 387-8239 ------------------------------ -------------------------------------------------------------------------------- (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: [ ] 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 May 26, 2005, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Banc of America Alternative Loan Trust 2005-5 Mortgage Pass-Through Certificates, Series 2005-5, Class 1-CB-1, Class 1-CB-2, Class 1-CB-3, Class 1-CB-4, Class 1-CB-5, Class 1-CB-6, Class 1-CB-7, Class 1-CB-R, Class 2-CB-1, Class 3-CB-1, Class 4-CB-1, Class 5-CB-1, Class 5-CB-2, Class 5-CB-3, Class CB-IO, Class CB-PO, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $199,275,000.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated May 26, 2005, among the Registrant, Bank of America, N.A., as servicer ("BANA"), and Wells Fargo Bank, N.A., as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2005-5, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $2,012,939.00 (the "Private Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 98.99% undivided interest in a trust (the "Trust"), consisting principally of five pools of fixed interest rate, conventional, monthly pay, fully-amortizing, one- to four-family residential first mortgage loans. The remaining undivided interests in the Trust are evidenced by the Private Certificates distributions on which are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the related Pool Distribution Amount is sufficient therefor. Elections will be made to treat the Trust as three separate REMICs for federal income tax purposes (the "Lower-Tier REMIC," "Middle-Tier REMIC" and "Upper-Tier REMIC" and each a "REMIC"). The Class 1-CB-1, Class 1-CB-2, Class 1-CB-3, Class 1-CB-4, Class 1-CB-5, Class 1-CB-6, Class 1-CB-7, Class 1-CB-R, Class 2-CB-1, Class 3-CB-1, Class 4-CB-1, Class 5-CB-1, Class 5-CB-2, Class 5-CB-3, Class CB-IO, Class CB-PO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates and each IO Component and each PO Component will be treated as "regular interests" in the Upper-REMIC and the Class 1-CB-R Certificate will be treated as the "residual interest" in the Upper-Tier REMIC, Middle-Tier REMIC and "Lower-Tier REMIC, respectively. ITEM 9.01 Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (4) Pooling and Servicing Agreement, dated May 26, 2005, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, N.A., as trustee. 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. BANC OF AMERICA MORTGAGE SECURITIES, INC. May 26, 2005 By: /s/ Judy Lowman ---------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (4) Pooling and Servicing Agreement, E dated May 26, 2005 among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, N.A., as trustee.

Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 5/31/2005 Distribution Date: 6/27/2005 Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-5 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 Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1-CB-1 05948KA33 SEN 5.50000% 4,933,000.00 22,609.58 1-CB-2 05948KA41 SEN 10.26941% 10,431,767.00 89,273.42 1-CB-3 05948KA58 SEN 3.39000% 26,386,233.00 74,541.11 1-CB-4 05948KA66 SEN 5.37500% 2,350,000.00 10,526.04 1-CB-5 05948KA74 SEN 7.50000% 2,448,000.00 15,300.00 1-CB-6 05948KA82 SEN 5.50000% 570,000.00 2,612.50 1-CB-7 05948KA90 SEN 0.05000% 0.00 1,099.43 1-CB-R 05948KB24 SEN 5.50000% 100.00 0.64 2-CB-1 05948KB32 SEN 6.00000% 49,988,000.00 249,940.00 3-CB-1 05948KB40 SEN 6.00000% 24,157,000.00 120,785.00 4-CB-1 05948KB57 SEN 6.50000% 5,117,000.00 27,717.08 5-CB-1 05948KB65 SEN 5.50000% 10,380,000.00 47,575.00 5-CB-2 05948KB73 SEN 5.50000% 51,670,000.00 236,820.83 5-CB-3 05948KB81 SEN 5.50000% 4,303,000.00 19,722.08 CBIO 05948KB99 SEN 5.50000% 0.00 26,306.48 APO 05948KC23 PO 0.00000% 500,897.00 0.00 B1 05948KC31 SUB 5.71917% 3,222,000.00 15,355.96 B2 05948KC49 SUB 5.71917% 1,610,000.00 7,673.21 B3 05948KC56 SUB 5.71917% 1,208,000.00 5,757.29 B4 05948KC64 SUB 5.71917% 805,000.00 3,836.61 B5 05948KC72 SUB 5.71917% 402,000.00 1,915.92 B6 05948KC80 SUB 5.71917% 805,939.00 3,841.08 RL BAA0505RL SEN 0.00000% 0.00 0.00 RM BAA0505RM SEN 0.00000% 0.00 0.00 Totals 201,287,936.00 983,209.26

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-CB-1 0.00 0.00 4,933,000.00 22,609.58 0.00 1-CB-2 13,951.87 0.00 10,417,815.13 103,225.29 0.00 1-CB-3 35,290.02 0.00 26,350,942.98 109,831.13 0.00 1-CB-4 3,142.99 0.00 2,346,857.01 13,669.03 0.00 1-CB-5 3,274.05 0.00 2,444,725.95 18,574.05 0.00 1-CB-6 (2,612.50) 0.00 572,612.50 0.00 0.00 1-CB-7 0.00 0.00 0.00 1,099.43 0.00 1-CB-R 100.00 0.00 0.00 100.64 0.00 2-CB-1 464,586.24 0.00 49,523,413.76 714,526.24 0.00 3-CB-1 254,106.57 0.00 23,902,893.43 374,891.57 0.00 4-CB-1 5,181.75 0.00 5,111,818.25 32,898.83 0.00 5-CB-1 0.00 0.00 10,380,000.00 47,575.00 0.00 5-CB-2 173,333.48 0.00 51,496,666.52 410,154.31 0.00 5-CB-3 0.00 0.00 4,303,000.00 19,722.08 0.00 CBIO 0.00 0.00 0.00 26,306.48 0.00 APO 991.97 0.00 499,905.03 991.97 0.00 B1 3,165.84 0.00 3,218,834.16 18,521.80 0.00 B2 1,581.94 0.00 1,608,418.06 9,255.15 0.00 B3 1,186.95 0.00 1,206,813.05 6,944.24 0.00 B4 790.97 0.00 804,209.03 4,627.58 0.00 B5 394.99 0.00 401,605.01 2,310.91 0.00 B6 791.89 0.00 805,147.11 4,632.97 0.00 RL 0.00 0.00 0.00 0.00 0.00 RM 0.00 0.00 0.00 0.00 0.00 Totals 959,259.02 0.00 200,328,676.98 1,942,468.28 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-CB-1 4,933,000.00 4,933,000.00 0.00 0.00 0.00 0.00 1-CB-2 10,431,767.00 10,431,767.00 12,700.93 1,250.93 0.00 0.00 1-CB-3 26,386,233.00 26,386,233.00 32,125.89 3,164.13 0.00 0.00 1-CB-4 2,350,000.00 2,350,000.00 2,861.18 281.80 0.00 0.00 1-CB-5 2,448,000.00 2,448,000.00 2,980.50 293.55 0.00 0.00 1-CB-6 570,000.00 570,000.00 0.00 0.00 (2,612.50) 0.00 1-CB-7 0.00 0.00 0.00 0.00 0.00 0.00 1-CB-R 100.00 100.00 91.03 8.97 0.00 0.00 2-CB-1 49,988,000.00 49,988,000.00 46,267.04 418,319.20 0.00 0.00 3-CB-1 24,157,000.00 24,157,000.00 22,984.55 231,122.02 0.00 0.00 4-CB-1 5,117,000.00 5,117,000.00 4,565.90 615.84 0.00 0.00 5-CB-1 10,380,000.00 10,380,000.00 0.00 0.00 0.00 0.00 5-CB-2 51,670,000.00 51,670,000.00 67,177.90 106,155.59 0.00 0.00 5-CB-3 4,303,000.00 4,303,000.00 0.00 0.00 0.00 0.00 CBIO 0.00 0.00 0.00 0.00 0.00 0.00 APO 500,897.00 500,897.00 521.78 470.19 0.00 0.00 B1 3,222,000.00 3,222,000.00 3,165.84 0.00 0.00 0.00 B2 1,610,000.00 1,610,000.00 1,581.94 0.00 0.00 0.00 B3 1,208,000.00 1,208,000.00 1,186.95 0.00 0.00 0.00 B4 805,000.00 805,000.00 790.97 0.00 0.00 0.00 B5 402,000.00 402,000.00 394.99 0.00 0.00 0.00 B6 805,939.00 805,939.00 791.89 0.00 0.00 0.00 RL 0.00 0.00 0.00 0.00 0.00 0.00 RM 0.00 0.00 0.00 0.00 0.00 0.00 Totals 201,287,936.00 201,287,936.00 200,189.28 761,682.22 (2,612.50) 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) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-CB-1 0.00 4,933,000.00 1.00000000 0.00 1-CB-2 13,951.87 10,417,815.13 0.99866256 13,951.87 1-CB-3 35,290.02 26,350,942.98 0.99866256 35,290.02 1-CB-4 3,142.99 2,346,857.01 0.99866256 3,142.99 1-CB-5 3,274.05 2,444,725.95 0.99866256 3,274.05 1-CB-6 (2,612.50) 572,612.50 1.00458333 (2,612.50) 1-CB-7 0.00 0.00 0.00000000 0.00 1-CB-R 100.00 0.00 0.00000000 100.00 2-CB-1 464,586.24 49,523,413.76 0.99070604 464,586.24 3-CB-1 254,106.57 23,902,893.43 0.98948104 254,106.57 4-CB-1 5,181.75 5,111,818.25 0.99898735 5,181.75 5-CB-1 0.00 10,380,000.00 1.00000000 0.00 5-CB-2 173,333.48 51,496,666.52 0.99664537 173,333.48 5-CB-3 0.00 4,303,000.00 1.00000000 0.00 CBIO 0.00 0.00 0.00000000 0.00 APO 991.97 499,905.03 0.99801961 991.97 B1 3,165.84 3,218,834.16 0.99901743 3,165.84 B2 1,581.94 1,608,418.06 0.99901743 1,581.94 B3 1,186.95 1,206,813.05 0.99901743 1,186.95 B4 790.97 804,209.03 0.99901743 790.97 B5 394.99 401,605.01 0.99901744 394.99 B6 791.89 805,147.11 0.99901743 791.89 RL 0.00 0.00 0.00000000 0.00 RM 0.00 0.00 0.00000000 0.00 Totals 959,259.02 200,328,676.98 0.99523439 959,259.02

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-CB-1 4,933,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-CB-2 10,431,767.00 1000.00000000 1.21752432 0.11991545 0.00000000 1-CB-3 26,386,233.00 1000.00000000 1.21752468 0.11991594 0.00000000 1-CB-4 2,350,000.00 1000.00000000 1.21752340 0.11991489 0.00000000 1-CB-5 2,448,000.00 1000.00000000 1.21752451 0.11991422 0.00000000 1-CB-6 570,000.00 1000.00000000 0.00000000 0.00000000 (4.58333333) 1-CB-7 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-CB-R 100.00 1000.00000000 910.30000000 89.70000000 0.00000000 2-CB-1 49,988,000.00 1000.00000000 0.92556294 8.36839241 0.00000000 3-CB-1 24,157,000.00 1000.00000000 0.95146541 9.56749679 0.00000000 4-CB-1 5,117,000.00 1000.00000000 0.89230018 0.12035177 0.00000000 5-CB-1 10,380,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 5-CB-2 51,670,000.00 1000.00000000 1.30013354 2.05449177 0.00000000 5-CB-3 4,303,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 APO 500,897.00 1000.00000000 1.04169121 0.93869598 0.00000000 B1 3,222,000.00 1000.00000000 0.98256983 0.00000000 0.00000000 B2 1,610,000.00 1000.00000000 0.98257143 0.00000000 0.00000000 B3 1,208,000.00 1000.00000000 0.98257450 0.00000000 0.00000000 B4 805,000.00 1000.00000000 0.98257143 0.00000000 0.00000000 B5 402,000.00 1000.00000000 0.98256219 0.00000000 0.00000000 B6 805,939.00 1000.00000000 0.98256816 0.00000000 0.00000000 RL 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RM 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All amounts are per 1,000 dollar denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-CB-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-CB-2 0.00000000 1.33744072 998.66255928 0.99866256 1.33744072 1-CB-3 0.00000000 1.33744063 998.66255937 0.99866256 1.33744063 1-CB-4 0.00000000 1.33744255 998.66255745 0.99866256 1.33744255 1-CB-5 0.00000000 1.33743873 998.66256127 0.99866256 1.33743873 1-CB-6 0.00000000 (4.58333333) 1,004.58333333 1.00458333 (4.58333333) 1-CB-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-CB-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2-CB-1 0.00000000 9.29395535 990.70604465 0.99070604 9.29395535 3-CB-1 0.00000000 10.51896221 989.48103779 0.98948104 10.51896221 4-CB-1 0.00000000 1.01265390 998.98734610 0.99898735 1.01265390 5-CB-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 5-CB-2 0.00000000 3.35462512 996.64537488 0.99664537 3.35462512 5-CB-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 APO 0.00000000 1.98038719 998.01961281 0.99801961 1.98038719 B1 0.00000000 0.98256983 999.01743017 0.99901743 0.98256983 B2 0.00000000 0.98257143 999.01742857 0.99901743 0.98257143 B3 0.00000000 0.98257450 999.01742550 0.99901743 0.98257450 B4 0.00000000 0.98257143 999.01742857 0.99901743 0.98257143 B5 0.00000000 0.98256219 999.01743781 0.99901744 0.98256219 B6 0.00000000 0.98256816 999.01743184 0.99901743 0.98256816 RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RM 0.00000000 0.00000000 0.00000000 0.00000000 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.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-CB-1 4,933,000.00 5.50000% 4,933,000.00 22,609.58 0.00 0.00 1-CB-2 10,431,767.00 10.26941% 10,431,767.00 89,273.42 0.00 0.00 1-CB-3 26,386,233.00 3.39000% 26,386,233.00 74,541.11 0.00 0.00 1-CB-4 2,350,000.00 5.37500% 2,350,000.00 10,526.04 0.00 0.00 1-CB-5 2,448,000.00 7.50000% 2,448,000.00 15,300.00 0.00 0.00 1-CB-6 570,000.00 5.50000% 570,000.00 2,612.50 0.00 0.00 1-CB-7 0.00 0.05000% 26,386,233.00 1,099.43 0.00 0.00 1-CB-R 100.00 5.50000% 100.00 0.46 0.00 0.00 2-CB-1 49,988,000.00 6.00000% 49,988,000.00 249,940.00 0.00 0.00 3-CB-1 24,157,000.00 6.00000% 24,157,000.00 120,785.00 0.00 0.00 4-CB-1 5,117,000.00 6.50000% 5,117,000.00 27,717.08 0.00 0.00 5-CB-1 10,380,000.00 5.50000% 10,380,000.00 47,575.00 0.00 0.00 5-CB-2 51,670,000.00 5.50000% 51,670,000.00 236,820.83 0.00 0.00 5-CB-3 4,303,000.00 5.50000% 4,303,000.00 19,722.08 0.00 0.00 CBIO 0.00 5.50000% 5,739,596.42 26,306.48 0.00 0.00 APO 500,897.00 0.00000% 500,897.00 0.00 0.00 0.00 B1 3,222,000.00 5.71917% 3,222,000.00 15,355.96 0.00 0.00 B2 1,610,000.00 5.71917% 1,610,000.00 7,673.21 0.00 0.00 B3 1,208,000.00 5.71917% 1,208,000.00 5,757.29 0.00 0.00 B4 805,000.00 5.71917% 805,000.00 3,836.61 0.00 0.00 B5 402,000.00 5.71917% 402,000.00 1,915.92 0.00 0.00 B6 805,939.00 5.71917% 805,939.00 3,841.08 0.00 0.00 RL 0.00 0.00000% 0.00 0.00 0.00 0.00 RM 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 201,287,936.00 983,209.08 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-CB-1 0.00 0.00 22,609.58 0.00 4,933,000.00 1-CB-2 0.00 0.00 89,273.42 0.00 10,417,815.13 1-CB-3 0.00 0.00 74,541.11 0.00 26,350,942.98 1-CB-4 0.00 0.00 10,526.04 0.00 2,346,857.01 1-CB-5 0.00 0.00 15,300.00 0.00 2,444,725.95 1-CB-6 0.00 0.00 2,612.50 0.00 572,612.50 1-CB-7 0.00 0.00 1,099.43 0.00 26,350,942.98 1-CB-R 0.00 0.00 0.64 0.00 0.00 2-CB-1 0.00 0.00 249,940.00 0.00 49,523,413.76 3-CB-1 0.00 0.00 120,785.00 0.00 23,902,893.43 4-CB-1 0.00 0.00 27,717.08 0.00 5,111,818.25 5-CB-1 0.00 0.00 47,575.00 0.00 10,380,000.00 5-CB-2 0.00 0.00 236,820.83 0.00 51,496,666.52 5-CB-3 0.00 0.00 19,722.08 0.00 4,303,000.00 CBIO 0.00 0.00 26,306.48 0.00 5,683,830.19 APO 0.00 0.00 0.00 0.00 499,905.03 B1 0.00 0.00 15,355.96 0.00 3,218,834.16 B2 0.00 0.00 7,673.21 0.00 1,608,418.06 B3 0.00 0.00 5,757.29 0.00 1,206,813.05 B4 0.00 0.00 3,836.61 0.00 804,209.03 B5 0.00 0.00 1,915.92 0.00 401,605.01 B6 0.00 0.00 3,841.08 0.00 805,147.11 RL 0.00 0.00 0.00 0.00 0.00 RM 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 983,209.26 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-CB-1 4,933,000.00 5.50000% 1000.00000000 4.58333266 0.00000000 0.00000000 1-CB-2 10,431,767.00 10.26941% 1000.00000000 8.55784260 0.00000000 0.00000000 1-CB-3 26,386,233.00 3.39000% 1000.00000000 2.82500007 0.00000000 0.00000000 1-CB-4 2,350,000.00 5.37500% 1000.00000000 4.47916596 0.00000000 0.00000000 1-CB-5 2,448,000.00 7.50000% 1000.00000000 6.25000000 0.00000000 0.00000000 1-CB-6 570,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-CB-7 0.00 0.05000% 1000.00000000 0.04166680 0.00000000 0.00000000 1-CB-R 100.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000 2-CB-1 49,988,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 3-CB-1 24,157,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 4-CB-1 5,117,000.00 6.50000% 1000.00000000 5.41666602 0.00000000 0.00000000 5-CB-1 10,380,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 5-CB-2 51,670,000.00 5.50000% 1000.00000000 4.58333327 0.00000000 0.00000000 5-CB-3 4,303,000.00 5.50000% 1000.00000000 4.58333256 0.00000000 0.00000000 CBIO 0.00 5.50000% 1000.00042163 4.58333464 0.00000000 0.00000000 APO 500,897.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 B1 3,222,000.00 5.71917% 1000.00000000 4.76597145 0.00000000 0.00000000 B2 1,610,000.00 5.71917% 1000.00000000 4.76596894 0.00000000 0.00000000 B3 1,208,000.00 5.71917% 1000.00000000 4.76596854 0.00000000 0.00000000 B4 805,000.00 5.71917% 1000.00000000 4.76597516 0.00000000 0.00000000 B5 402,000.00 5.71917% 1000.00000000 4.76597015 0.00000000 0.00000000 B6 805,939.00 5.71917% 1000.00000000 4.76596864 0.00000000 0.00000000 RL 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 RM 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All amounts are per 1,000 dollar denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-CB-1 0.00000000 0.00000000 4.58333266 0.00000000 1000.00000000 1-CB-2 0.00000000 0.00000000 8.55784260 0.00000000 998.66255928 1-CB-3 0.00000000 0.00000000 2.82500007 0.00000000 998.66255937 1-CB-4 0.00000000 0.00000000 4.47916596 0.00000000 998.66255745 1-CB-5 0.00000000 0.00000000 6.25000000 0.00000000 998.66256127 1-CB-6 0.00000000 0.00000000 4.58333333 0.00000000 1004.58333333 1-CB-7 0.00000000 0.00000000 0.04166680 0.00000000 998.66255937 1-CB-R 0.00000000 0.00000000 6.40000000 0.00000000 0.00000000 2-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 990.70604465 3-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 989.48103779 4-CB-1 0.00000000 0.00000000 5.41666602 0.00000000 998.98734610 5-CB-1 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 5-CB-2 0.00000000 0.00000000 4.58333327 0.00000000 996.64537488 5-CB-3 0.00000000 0.00000000 4.58333256 0.00000000 1000.00000000 CBIO 0.00000000 0.00000000 4.58333464 0.00000000 990.28436332 APO 0.00000000 0.00000000 0.00000000 0.00000000 998.01961281 B1 0.00000000 0.00000000 4.76597145 0.00000000 999.01743017 B2 0.00000000 0.00000000 4.76596894 0.00000000 999.01742857 B3 0.00000000 0.00000000 4.76596854 0.00000000 999.01742550 B4 0.00000000 0.00000000 4.76597516 0.00000000 999.01742857 B5 0.00000000 0.00000000 4.76597015 0.00000000 999.01743781 B6 0.00000000 0.00000000 4.76596864 0.00000000 999.01743184 RL 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RM 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-CB-IO 5.50000% 1,344,283.93 1,342,861.34 0.00 0.00 99.89424399% 2-CB-IO 5.50000% 1,607,318.14 1,560,418.51 0.00 0.00 97.08212749% 3-CB-IO 5.50000% 447,167.10 446,656.82 0.00 0.00 99.88590840% 4-CB-IO 5.50000% 19,040.96 19,025.50 0.00 0.00 99.92384454% 5-CB-IO 5.50000% 2,321,786.31 2,314,868.02 0.00 0.00 99.70204058% 1-APO 0.00000% 0.00 0.00 239,689.00 239,324.21 99.84780695% 2-APO 0.00000% 0.00 0.00 29,511.00 29,482.20 99.90240927% 3-APO 0.00000% 0.00 0.00 21,238.00 20,856.62 98.20425652% 4-APO 0.00000% 0.00 0.00 131,590.00 131,458.61 99.90015199% 5-APO 0.00000% 0.00 0.00 78,869.00 78,783.40 99.89146559%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1,985,996.78 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1,985,996.78 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 43,528.50 Payment of Interest and Principal 1,942,468.28 Total Withdrawals (Pool Distribution Amount) 1,985,996.78 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 41,934.97 Wells Fargo Bank, N.A. 1,593.53 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 43,528.50

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jul-04 0.000% Original Principal Balance 0.00 Aug-04 0.000% Current Principal Balance 0.00 Sep-04 0.000% Oct-04 0.000% Current Foreclosure Total Nov-04 0.000% Loans in Foreclosure 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jul-04 0.000% Original Principal Balance 0.00 Aug-04 0.000% Current Principal Balance 0.00 Sep-04 0.000% Oct-04 0.000% Current Foreclosure Total Nov-04 0.000% Loans in Foreclosure 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jul-04 0.000% Original Principal Balance 0.00 Aug-04 0.000% Current Principal Balance 0.00 Sep-04 0.000% Oct-04 0.000% Current Foreclosure Total Nov-04 0.000% Loans in Foreclosure 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jul-04 0.000% Original Principal Balance 0.00 Aug-04 0.000% Current Principal Balance 0.00 Sep-04 0.000% Oct-04 0.000% Current Foreclosure Total Nov-04 0.000% Loans in Foreclosure 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jul-04 0.000% Original Principal Balance 0.00 Aug-04 0.000% Current Principal Balance 0.00 Sep-04 0.000% Oct-04 0.000% Current Foreclosure Total Nov-04 0.000% Loans in Foreclosure 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 5 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jul-04 0.000% Original Principal Balance 0.00 Aug-04 0.000% Current Principal Balance 0.00 Sep-04 0.000% Oct-04 0.000% Current Foreclosure Total Nov-04 0.000% Loans in Foreclosure 0 Dec-04 0.000% Original Principal Balance 0.00 Jan-05 0.000% Current Principal Balance 0.00 Feb-05 0.000% Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period.

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.121008% Weighted Average Pass-Through Rate 5.861507% Weighted Average Maturity(Stepdown Calculation) 359 Beginning Scheduled Collateral Loan Count 1,353 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 1,349 Beginning Scheduled Collateral Balance 201,287,936.00 Ending Scheduled Collateral Balance 200,328,680.85 Ending Actual Collateral Balance at 31-May-2005 200,472,144.77 Monthly P&I Constant 1,224,548.68 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 1,894,191.50 Class AP Deferred Amount 0.00 Scheduled Principal 197,811.03 Unscheduled Principal 761,447.98

Miscellaneous Reporting Senior % 95.99

Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year Weighted Average Coupon Rate 5.882651 6.425776 6.352091 Weighted Average Net Rate 5.632648 6.175774 6.102092 Weighted Average Maturity 358 359 359 Beginning Loan Count 295 369 163 Loans Paid In Full 0 2 1 Ending Loan Count 295 367 162 Beginning Scheduled Balance 49,332,154.47 52,101,715.79 25,186,432.21 Ending Scheduled Balance 49,276,617.03 51,635,171.69 24,930,985.00 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 292,512.37 327,219.30 157,286.16 Scheduled Principal 50,675.85 48,224.34 23,964.06 Unscheduled Principal 4,861.59 418,319.76 231,483.15 Scheduled Interest 241,836.52 278,994.96 133,322.10 Servicing Fees 10,277.53 10,854.52 5,247.17 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 390.55 412.47 199.39 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 231,168.44 267,727.97 127,875.54 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.623149 6.166274 6.092590

Group Level Collateral Statement Group 4 5 Total Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Mixed Fixed Weighted Average Coupon Rate 6.622212 5.937764 6.121008 Weighted Average Net Rate 6.372215 5.687764 5.871008 Weighted Average Maturity 358 359 359 Beginning Loan Count 92 434 1,353 Loans Paid In Full 0 1 4 Ending Loan Count 92 433 1,349 Beginning Scheduled Balance 5,467,316.06 69,200,321.33 201,287,939.86 Ending scheduled Balance 5,461,807.75 69,024,099.38 200,328,680.85 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 35,052.41 412,478.44 1,224,548.68 Scheduled Principal 4,880.97 70,065.81 197,811.03 Unscheduled Principal 627.34 106,156.14 761,447.98 Scheduled Interest 30,171.44 342,412.63 1,026,737.65 Servicing Fees 1,139.02 14,416.73 41,934.97 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 43.28 547.84 1,593.53 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 28,989.14 327,448.06 983,209.15 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.362714 5.678264 5.861507

Miscellaneous Reporting Group 1 CPR 0.12 Subordinate % 4.02 Subordinate Prepayment % 0.00 Senior Prepayment % 100.00 Senior % 95.98 Group 2 CPR 9.23 Subordinate % 4.00 Subordinate Prepayment % 0.00 Senior Prepayment % 100.00 Senior % 95.100 Group 3 CPR 10.50 Subordinate % 4.01 Subordinate Prepayment % 0.00 Senior Prepayment % 100.00 Senior % 95.99

Miscellaneous Reporting Group 4 CPR 0.14 Subordinate % 4.10 Subordinate Prepayment % 0.00 Senior Prepayment % 100.00 Senior % 95.90 Group 5 CPR 1.83 Subordinate % 4.01 Subordinate Prepayment % 0.00 Senior Prepayment % 100.00 Senior % 95.99

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance 1 0 0.00 0.00 0 0.00 0.00 2 2 418,240.00 418,240.00 0 0.00 0.00 3 1 228,000.00 227,783.66 0 0.00 0.00 4 0 0.00 0.00 0 0.00 0.00 5 1 103,000.00 102,897.46 0 0.00 0.00 Total 4 749,240.00 748,921.12 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 4,861.59 2 0 0.00 0.00 0 0.00 0.00 432.56 3 0 0.00 0.00 0 0.00 0.00 3,916.96 4 0 0.00 0.00 0 0.00 0.00 627.34 5 0 0.00 0.00 0 0.00 0.00 3,361.73 Total 0 0.00 0.00 0 0.00 0.00 13,200.18

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 2 6215897833 FL 80.00 01-Jun-2005 118,240.00 118,133.11 2 6283665062 VA 80.00 01-Jun-2005 300,000.00 299,754.09 3 6813863799 IL 80.00 01-May-2005 228,000.00 227,566.19 5 6706023832 VT 103.00 01-May-2005 103,000.00 102,794.41

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 2 6215897833 Loan Paid in Full (3) 6.500% 360 0 2 6283665062 Loan Paid in Full (2) 7.000% 360 0 3 6813863799 Loan Paid in Full (2) 6.250% 360 1 5 6706023832 Loan Paid in Full (1) 6.000% 360 1

Summary SMM CPR PSA Current Month 0.379% Current Month 4.450% Current Month 3,257.402% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 4.450% N/A Jun-2005 3,257.402% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 0.010% Current Month 0.118% Current Month 82.569% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.118% N/A Jun-2005 82.569% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 0.804% Current Month 9.229% Current Month 7,242.879% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 9.229% N/A Jun-2005 7,242.879% 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. 3 SMM CPR PSA Current Month 0.920% Current Month 10.498% Current Month 9,135.360% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 10.498% N/A Jun-2005 9,135.360% 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. 4 SMM CPR PSA Current Month 0.011% Current Month 0.138% Current Month 129.037% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.138% N/A Jun-2005 129.037% 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. 5 SMM CPR PSA Current Month 0.154% Current Month 1.827% Current Month 1,226.615% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 1.827% N/A Jun-2005 1,226.615% 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 1 0 0.00 0.00 0.000% 2 0 0.00 0.00 0.000% 3 0 0.00 0.00 0.000% 4 0 0.00 0.00 0.000% 5 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%

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 No losses this period.

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) No losses this period.

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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 3 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 4 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 5 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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. Jul-2004 N/A N/A Jul-2004 N/A N/A Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-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 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)

Filing Compare · Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-5