8-K 1 pch05003_10507.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): July 25, 2005 PEOPLE'S CHOICE HOME LOAN SECURITIES CORP. Mortgage-Backed Notes, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-119899-03 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On July 25, 2005 a distribution was made to holders of PEOPLE'S CHOICE HOME LOAN SECURITIES CORP., Mortgage-Backed Notes, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-3 Trust, relating to the July 25, 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. PEOPLE'S CHOICE HOME LOAN SECURITIES CORP. Mortgage-Backed Notes, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-3 Trust, relating to the July 25, 2005 distribution. EX-99.1

~~UNITED~~People's ~~STATES~~Choice Home Loan Securities Corp Mortgage-Backed Notes Record Date: 6/30/2005 Distribution Date: 7/25/2005 People's Choice Home Loan Securities Corp Mortgage-Backed Notes Series 2005-3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1A1 71085PCL5 SEN 3.47000% 207,831,000.00 480,782.38 1A2 71085PCM3 SEN 3.61000% 212,766,000.00 512,056.84 1A3 71085PCN1 SEN 3.73000% 28,708,000.00 71,387.23 2A1 71085PCP6 SEN 3.57000% 334,878,000.00 797,009.64 2A2 71085PCQ4 SEN 3.62000% 83,720,000.00 202,044.27 M1 71085PCR2 MEZ 3.84000% 42,749,000.00 109,437.44 M2 71085PCS0 MEZ 3.87000% 40,498,000.00 104,484.84 M3 71085PCT8 MEZ 3.91000% 22,499,000.00 58,647.39 M4 71085PCU5 MEZ 4.04000% 21,374,000.00 57,567.31 M5 71085PCV3 MEZ 4.09000% 19,124,000.00 52,144.77 M6 71085PCW1 MEZ 4.19000% 18,562,000.00 51,849.85 M7 71085PCX9 MEZ 4.74000% 16,312,000.00 51,545.92 M8 71085PCY7 MEZ 4.92000% 15,187,000.00 49,813.36 M9 71085PCZ4 MEZ 5.49000% 14,062,000.00 51,466.92 M10 71085PDA8 MEZ 5.84000% 11,250,000.00 43,800.00 M11 71085PDB6 MEZ 5.84000% 1,687,000.00 6,568.05 OT SEN 0.00000% 0.00 3,519,353.39 Totals 1,091,207,000.00 6,219,959.60

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~(continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A1 7,300,056.65 0.00 200,530,943.35 7,780,839.03 0.00 1A2 0.00 0.00 212,766,000.00 512,056.84 0.00 1A3 0.00 0.00 28,708,000.00 71,387.23 0.00 2A1 4,679,200.00 0.00 330,198,800.00 5,476,209.64 0.00 2A2 1,169,806.99 0.00 82,550,193.01 1,371,851.26 0.00 M1 0.00 0.00 42,749,000.00 109,437.44 0.00 M2 0.00 0.00 40,498,000.00 104,484.84 0.00 M3 0.00 0.00 22,499,000.00 58,647.39 0.00 M4 0.00 0.00 21,374,000.00 57,567.31 0.00 M5 0.00 0.00 19,124,000.00 52,144.77 0.00 M6 0.00 0.00 18,562,000.00 51,849.85 0.00 M7 0.00 0.00 16,312,000.00 51,545.92 0.00 M8 0.00 0.00 15,187,000.00 49,813.36 0.00 M9 0.00 0.00 14,062,000.00 51,466.92 0.00 M10 0.00 0.00 11,250,000.00 43,800.00 0.00 M11 0.00 0.00 1,687,000.00 6,568.05 0.00 OT 0.00 0.00 0.00 3,519,353.39 0.00 Totals 13,149,063.64 0.00 1,078,057,936.36 19,369,023.24 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~Washington~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1A1 207,831,000.00 D207,831,000.C00 0.00 ~~20549~~7,300,056.65 0.00 0.00 1A2 212,766,000.00 212,766,000.00 0.00 0.00 0.00 0.00 1A3 28,708,000.00 28,708,000.00 0.00 0.00 0.00 0.00 2A1 334,878,000.00 334,878,000.00 0.00 4,679,200.00 0.00 0.00 2A2 83,720,000.00 83,720,000.00 0.00 1,169,806.99 0.00 0.00 M1 42,749,000.00 42,749,000.00 0.00 0.00 0.00 0.00 M2 40,498,000.00 40,498,000.00 0.00 0.00 0.00 0.00 M3 22,499,000.00 22,499,000.00 0.00 0.00 0.00 0.00 M4 21,374,000.00 21,374,000.00 0.00 0.00 0.00 0.00 M5 19,124,000.00 19,124,000.00 0.00 0.00 0.00 0.00 M6 18,562,000.00 18,562,000.00 0.00 0.00 0.00 0.00 M7 16,312,000.00 16,312,000.00 0.00 0.00 0.00 0.00 M8 15,187,000.00 15,187,000.00 0.00 0.00 0.00 0.00 M9 14,062,000.00 14,062,000.00 0.00 0.00 0.00 0.00 M10 11,250,000.00 11,250,000.00 0.00 0.00 0.00 0.00 M11 1,687,000.00 1,687,000.00 0.00 0.00 0.00 0.00 Totals 1,091,207,000.00 1,091,207,000.00 0.00 13,149,063.64 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.

~~FORM~~Principal ~~8-K~~Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1A1 7,300,056.65 200,530,943.35 0.96487503 7,300,056.65 1A2 0.00 212,766,000.00 1.00000000 0.00 1A3 0.00 28,708,000.00 1.00000000 0.00 2A1 4,679,200.00 330,198,800.00 0.98602715 4,679,200.00 2A2 1,169,806.99 82,550,193.01 0.98602715 1,169,806.99 M1 0.00 42,749,000.00 1.00000000 0.00 M2 0.00 40,498,000.00 1.00000000 0.00 M3 0.00 22,499,000.00 1.00000000 0.00 M4 0.00 21,374,000.00 1.00000000 0.00 M5 0.00 19,124,000.00 1.00000000 0.00 M6 0.00 18,562,000.00 1.00000000 0.00 M7 0.00 16,312,000.00 1.00000000 0.00 M8 0.00 15,187,000.00 1.00000000 0.00 M9 0.00 14,062,000.00 1.00000000 0.00 M10 0.00 11,250,000.00 1.00000000 0.00 M11 0.00 1,687,000.00 1.00000000 0.00 Totals 13,149,063.64 1,078,057,936.36 0.98794998 13,149,063.64

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 207,831,000.00 1000.00000000 0.00000000 35.12496524 0.00000000 1A2 212,766,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A3 28,708,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A1 334,878,000.00 1000.00000000 0.00000000 13.97284981 0.00000000 2A2 83,720,000.00 1000.00000000 0.00000000 13.97284986 0.00000000 M1 42,749,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 40,498,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 22,499,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 21,374,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 19,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 18,562,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 16,312,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 15,187,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 14,062,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 11,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M11 1,687,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 OT 0.00 0.00000000 0.00000000 0.00000000 0.00000000

~~Pursuant~~Principal toDistribution ~~Section~~Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A1 0.00000000 35.12496524 964.87503476 0.96487503 35.12496524 1A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A1 0.00000000 13.97284981 or986.02715019 150.98602715 13.97284981 2A2 0.00000000 13.97284986 986.02715014 0.98602715 13.97284986 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 OT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (d3) ofAmount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~Securities~~Interest ~~Exchange~~Distribution ~~Act~~Statement Beginning Payment of ~~1934~~Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1A1 207,831,000.00 3.47000% 207,831,000.00 480,782.38 0.00 0.00 1A2 212,766,000.00 3.61000% 212,766,000.00 512,056.84 0.00 0.00 1A3 28,708,000.00 3.73000% 28,708,000.00 71,387.23 0.00 0.00 2A1 334,878,000.00 3.57000% 334,878,000.00 797,009.64 0.00 0.00 2A2 83,720,000.00 3.62000% 83,720,000.00 202,044.27 0.00 0.00 M1 42,749,000.00 3.84000% 42,749,000.00 109,437.44 0.00 0.00 M2 40,498,000.00 3.87000% 40,498,000.00 104,484.84 0.00 0.00 M3 22,499,000.00 3.91000% 22,499,000.00 58,647.39 0.00 0.00 M4 21,374,000.00 4.04000% 21,374,000.00 57,567.31 0.00 0.00 M5 19,124,000.00 4.09000% 19,124,000.00 52,144.77 0.00 0.00 M6 18,562,000.00 4.19000% 18,562,000.00 51,849.85 0.00 0.00 M7 16,312,000.00 4.74000% 16,312,000.00 51,545.92 0.00 0.00 M8 15,187,000.00 4.92000% 15,187,000.00 49,813.36 0.00 0.00 M9 14,062,000.00 5.49000% 14,062,000.00 51,466.92 0.00 0.00 M10 11,250,000.00 5.84000% 11,250,000.00 43,800.00 0.00 0.00 M11 1,687,000.00 5.84000% 1,687,000.00 6,568.05 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,091,207,000.00 2,700,606.21 0.00 0.00

~~Date~~Interest ofDistribution ~~Report~~Statement (~~Date~~continued) ofRemaining ~~earliest~~Ending ~~event~~Non-Supported ~~reported~~Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4): ~~July~~Distribution Shortfall Balance 1A1 0.00 0.00 480,782.38 0.00 200,530,943.35 1A2 0.00 0.00 512,056.84 0.00 212,766,000.00 1A3 0.00 0.00 71,387.23 0.00 28,708,000.00 2A1 0.00 0.00 797,009.64 0.00 330,198,800.00 2A2 0.00 0.00 202,044.27 0.00 82,550,193.01 M1 0.00 0.00 109,437.44 0.00 42,749,000.00 M2 0.00 0.00 104,484.84 0.00 40,498,000.00 M3 0.00 0.00 58,647.39 0.00 22,499,000.00 M4 0.00 0.00 57,567.31 0.00 21,374,000.00 M5 0.00 0.00 52,144.77 0.00 19,124,000.00 M6 0.00 0.00 51,849.85 0.00 18,562,000.00 M7 0.00 0.00 51,545.92 0.00 16,312,000.00 M8 0.00 0.00 49,813.36 0.00 15,187,000.00 M9 0.00 0.00 51,466.92 0.00 14,062,000.00 M10 0.00 0.00 43,800.00 0.00 11,250,000.00 M11 0.00 0.00 6,568.05 0.00 1,687,000.00 ~~2005~~OT 0.00 0.00 3,519,353.39 0.00 0.00 Totals 0.00 0.00 6,219,959.60 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.

~~PEOPLE’S~~Interest ~~CHOICE~~Distribution ~~HOME~~Factors ~~LOAN~~Statement ~~SECURITIES~~Beginning ~~CORP.~~Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (as5) ~~depositor~~Amount ~~under~~Rate anBalance ~~Amended~~Interest ~~and~~Shortfall ~~Restated Trust~~Shortfall ~~Agreement~~1A1 ~~dated~~207,831,000.00 as3.47000% of1000.00000000 ~~July~~2.31333333 10.00000000 0.00000000 1A2 212,766,000.00 ~~2005~~3.61000% 1000.00000000 2.40666667 0.00000000 0.00000000 1A3 28,708,000.00 ~~providing~~3.73000% ~~for~~1000.00000000 2.48666678 0.00000000 0.00000000 2A1 334,878,000.00 ~~inter~~3.57000% ~~alia~~1000.00000000 2.38000000 0.00000000 0.00000000 2A2 83,720,000.00 ~~the~~3.62000% ~~issuance~~1000.00000000 of2.41333337 ~~People’s~~0.00000000 ~~Choice~~0.00000000 ~~Home~~M1 ~~Loan~~42,749,000.00 ~~Securities~~3.84000% ~~Trust~~1000.00000000 ~~Series~~2.56000000 ~~2005-~~0.00000000 0.00000000 M2 40,498,000.00 3.87000% 1000.00000000 2.58000000 0.00000000 0.00000000 M3 22,499,000.00 ~~Mortgage-Backed~~3.91000% ~~Notes~~1000.00000000 2.60666652 0.00000000 0.00000000 M4 21,374,000.00 ~~Series~~4.04000% ~~2005-~~1000.00000000 2.69333349 0.00000000 0.00000000 M5 19,124,000.00 4.09000% 1000.00000000 2.72666649 0.00000000 0.00000000 M6 18,562,000.00 4.19000% 1000.00000000 2.79333315 0.00000000 0.00000000 M7 16,312,000.00 4.74000% 1000.00000000 3.16000000 0.00000000 0.00000000 M8 15,187,000.00 4.92000% 1000.00000000 3.28000000 0.00000000 0.00000000 M9 14,062,000.00 5.49000% 1000.00000000 3.66000000 0.00000000 0.00000000 M10 11,250,000.00 5.84000% 1000.00000000 3.89333333 0.00000000 0.00000000 M11 1,687,000.00 5.84000% 1000.00000000 3.89333136 0.00000000 0.00000000 OT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

~~PEOPLE’S~~Interest ~~CHOICE~~Distribution ~~HOME~~Factors ~~LOAN~~Statement ~~SECURITIES~~(continued) ~~CORP~~Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1A1 0.00000000 0.00000000 2.31333333 0.00000000 964.87503476 1A2 0.00000000 0.00000000 2.40666667 0.00000000 1000.00000000 1A3 0.00000000 0.00000000 2.48666678 0.00000000 1000.00000000 2A1 0.00000000 0.00000000 2.38000000 0.00000000 986.02715019 2A2 0.00000000 0.00000000 2.41333337 0.00000000 986.02715014 M1 0.00000000 0.00000000 2.56000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.58000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.60666652 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.69333349 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.72666649 0.00000000 1000.00000000 M6 0.00000000 0.00000000 2.79333315 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.16000000 0.00000000 1000.00000000 M8 0.00000000 0.00000000 3.28000000 0.00000000 1000.00000000 M9 0.00000000 0.00000000 3.66000000 0.00000000 1000.00000000 M10 0.00000000 0.00000000 3.89333333 0.00000000 1000.00000000 M11 0.00000000 0.00000000 3.89333136 0.00000000 1000.00000000 OT 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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 19,831,779.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (~~Exact~~Servicer ~~name~~Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 19,831,779.76 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of ~~registrant~~Service asFee ~~specified~~462,756.52 inPayment ~~its~~of ~~charter~~Interest and Principal 19,369,023.24 Total Withdrawals (Pool Distribution Amount) 19,831,779.76 Ending Balance 0.00

Delaware		333-119899		92-0181950
(State of Incorporation)		(Commission File Number)		(I.R.S. EmployerIdentification No.)

7515 Irvine Center Drive, Irvine, California		92618
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s telephone~~LOAN ~~number,~~STATUS ~~including~~STRATIFICATION/CREDIT ~~area~~ENHANCEMENT ~~code:~~STATEMENT ~~(949)~~DELINQUENT ~~341~~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-~~2000~~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%

Delinquency Status By Groups

~~N/A~~DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 Fixed 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 Group 1 ARM 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 Group 2 Fixed 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 Group 2 ARM 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%

~~(Former~~OTHER ~~name~~INFORMATION orCurrent ~~former~~Period ~~address,~~Class ifA ~~changed~~Insufficient ~~since~~Funds ~~last~~0.00 ~~report)~~Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

REO Detail - All Mortgage Loans in REO during Current Period

~~Check~~Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the ~~appropriate~~above ~~box~~table ~~below~~is ifpresented graphically on the ~~Form~~monthly 8bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-K04 ~~filing~~0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is ~~intended~~presented ~~to simultaneously~~graphically ~~satisfy~~on the ~~filing~~monthly ~~obligation~~bond ofremittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the ~~registrant~~above ~~under~~table ~~any~~is ofpresented graphically on the ~~following~~monthly ~~provisions~~bond ~~(see~~remittance ~~General~~report. ~~Instruction~~The Amonthly bond remittance report can be viewed online at www.ctslink.com. Group 2 Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% ~~below):~~Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 ARM 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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.

¨REO ~~Written~~Loan ~~communications~~Detail ~~pursuant~~- toAll ~~Rule~~Mortgage ~~425~~Loans ~~under~~in ~~the~~REO ~~Securities~~during ~~Act~~Current ~~(17~~Period ~~CFR~~Month ~~230~~Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.~~425)~~

¨REO ~~Soliciting~~Loan ~~material~~Detail ~~pursuant~~- toAll ~~Rule~~Mortgage ~~14a-12~~Loans ~~under~~in ~~the~~REO ~~Exchange~~during ~~Act~~Current Period (17continued) ~~CFR~~Current ~~240~~Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.~~14a-12)~~

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

¨Summary ~~Pre~~12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-~~commencement~~04 ~~communications~~0.000% ~~pursuant~~Original toPrincipal ~~Rule~~Balance ~~14d~~0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2~~(b)~~ ~~under~~Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the ~~Exchange~~above ~~Act~~table ~~(17~~is ~~CFR~~presented ~~240~~graphically on the monthly bond remittance report.~~14d2(b))~~ The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 ARM 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-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 ~~Pre~~Loan Detail -~~commencement~~ ~~communications~~All ~~pursuant~~Mortgage toLoans ~~Rule~~in ~~13e-4(c)~~Foreclosure ~~under~~during ~~the~~Current ~~Exchange~~Period ~~Act~~Month ~~(17~~Loan ~~CFR~~First ~~240~~Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.~~13e4(c))~~

~~Item~~Foreclosure ~~2.01~~Loan ~~ACQUISITION~~Detail OR- ~~DISPOSITION~~All OFMortgage ~~ASSETS~~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.

~~For~~COLLATERAL aSTATEMENT ~~description~~Collateral ofDescription ~~the~~Mixed ~~Notes~~Fixed ~~and~~& ~~the~~Arm ~~Mortgage~~Weighted ~~Pool~~Average Gross Coupon 7.128011% Weighted Average Net Coupon 6.619118% Weighted Average Pass-Through Rate 6.634385% Weighted Average Maturity(Stepdown Calculation) 357 Beginning Scheduled Collateral Loan Count 5,742 ~~refer~~Number toOf ~~the~~Loans ~~Indenture~~Paid ~~described~~In ~~below~~Full 42 Ending Scheduled Collateral Loan Count 5,700 Beginning Scheduled Collateral Balance 1,091,207,000.00 Ending Scheduled Collateral Balance 1,111,806,620.89 Ending Actual Collateral Balance at 30-Jun-2005 1,112,461,127.78 Monthly P&I Constant 7,475,896.80 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 793,646.64 Unscheduled Principal 12,355,883.38 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 466.38 Specified O/C Amount 33,748,684.53 Overcollateralized Amount 33,749,150.91 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 3,513,379.04

~~Item~~Group 9Level Collateral Statement Group Group 1 Fixed Group 1 ARM Group 2 Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 6.01890612 ~~STATEMENTS~~7.915856 7.202572 Weighted Average Net Rate 6.358250 7.416578 6.991090 Weighted Average Maturity 358 351 357 Beginning Loan Count 2,675 ~~PRO~~756 ~~FORMA~~4,986 ~~FINANCIAL~~Loans ~~INFORMATION~~Paid ~~AND~~In ~~EXHIBITS~~Full 1,155 4 2,334 Ending Loan Count 1,520 752 2,652 Beginning Scheduled Balance 434,741,855.99 111,335,457.06 1,013,620,693.85 Ending Scheduled Balance 464,305,116.78 110,773,296.55 428,997,652.06 Record Date 06/30/2005 06/30/2005 06/30/2005 Principal And Interest Constant 3,004,983.06 823,026.78 2,911,574.04 Scheduled Principal 300,169.55 88,597.22 302,191.18 Unscheduled Principal 6,437,985.51 473,563.29 5,442,012.75 Scheduled Interest 2,704,813.51 734,429.56 2,609,382.86 Servicing Fees 192,866.53 46,322.84 178,635.66 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2,511,946.98 688,106.72 2,430,747.20 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 6.399277 7.416578 6.709491

~~(a)~~Group ~~Not~~Level ~~applicable~~Collateral Statement Group Group 2 ARM Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.051005 7.128011 Weighted Average Net Rate 6.551005 6.619118 Weighted Average Maturity 348 357 Beginning Loan Count 776 9,193 Loans Paid In Full 0 3,493 Ending Loan Count 776 5,700 Beginning Scheduled Balance 107,835,566.02 1,667,533,572.92 Ending scheduled Balance 107,730,555.50 1,111,806,620.89 Record Date 06/30/2005 06/30/2005 Principal And Interest Constant 736,312.92 7,475,896.80 Scheduled Principal 102,688.69 793,646.64 Unscheduled Principal 2,321.83 12,355,883.38 Scheduled Interest 633,624.23 6,682,250.16 Servicing Fees 44,931.49 462,756.52 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 588,692.74 6,219,493.64 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.551005 6.634385

~~(b)~~Prepayment ~~Not~~Detail ~~applicable~~- Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Group 1 Fixed 15 6,447,962.00 6,440,958.02 0 0.00 0.00 Group 1 ARM 4 472,953.00 472,583.09 0 0.00 0.00 Group 2 Fixed 23 5,149,795.00 5,085,412.32 0 0.00 0.00 Group 2 ARM 0 0.00 0.00 0 0.00 0.00 Total 42 12,070,710.00 11,998,953.43 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (ccontinued) ~~Exhibits:~~Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Group 1 Fixed 0 0.00 0.00 0 0.00 0.00 1,260.41 Group 1 ARM 0 0.00 0.00 0 0.00 0.00 1,240.57 Group 2 Fixed 0 0.00 0.00 0 0.00 0.00 360,604.97 Group 2 ARM 0 0.00 0.00 0 0.00 0.00 2,321.83 Total 0 0.00 0.00 0 0.00 0.00 365,427.78

EXHIBIT NO.		DESCRIPTION
1.1		Underwriting Agreement, dated June 28, 2005, between Lehman Brothers Inc., Bear, Stearns & Co., Credit Suisse First Boston, LLC and UBS Securities LLC, each as an Underwriter, People’s Choice Home Loan Securities Corp., as Company, and People’s Choice Funding, Inc., as Seller.
3.1		Amended and Restated Trust Agreement, dated as of July 1, 2005, among People’s Choice Home Loan Securities Corp., as Depositor, Wilmington Trust Company, as Owner Trustee and Wells Fargo Bank, National Association, as Securities Administrator, Certificate Registrar and Certificate Paying Agent.
4.1		Indenture, dated as of July 1, 2005, among People’s Choice Home Loan Securities Trust Series 2005-3, as Issuer, Wells Fargo Bank, National Association, as Securities Administrator, and HSBC Bank USA, National Association, as Indenture Trustee (the “Indenture”).
4.2		Appendix A to the Indenture, Definitions.
99.1		Sale and Servicing Agreement, dated as of June 1, 2005, among People’s Choice Home Loan Securities Corp., as Depositor, People’s Choice Home Loan Securities Trust Series 2005-3, as Issuer, HSBC Bank USA, National Association, as Indenture Trustee, Wells Fargo Bank, National Association, as Master Servicer and Securities Administrator, EMC Mortgage Corporation, as Servicer, People’s Choice Home Loan, Inc., as Subservicer, and People’s Choice Funding, Inc., as Seller and Company.

99.2		Administration Agreement, dated as of July 1, 2005, among People’s Choice Home Loan Securities Trust Series 2005-3, as Issuer, Wells Fargo Bank, National Association, as Administrator, Wilmington Trust Company, as Owner Trustee and People’s Choice Home Loan Securities Corp., as Depositor.
99.3		Mortgage Loan Purchase Agreement, dated as of June 1, 2005, between People’s Choice Home Loan Securities Corp., as Purchaser, and People’s Choice Funding, Inc., as Seller.
99.4		Swap Confirmation, dated June 30, 2005, between HSBC Bank USA, as Indenture Trustee for People’s Choice Home Loan Securities Trust Series 2005-3, and Bear Stearns Financial Products Inc.
99.5		Servicing Agreement, dated as of June 1, 2005, among EMC Mortgage Corporation, as Servicer, Wells Fargo Bank, National Association, as Master Servicer, People’s Choice Home Loan, Inc., as Subservicer, People’s Choice Home Loan Securities Trust 2005-3, as Issuer, and HSBC Bank USA, National Association, as Indenture Trustee.
99.6		Subservicing Agreement, dated as of June 1, 2005, between EMC Mortgage Corporation, as Servicer, and People’s Choice Home Loan, Inc., as Subservicer.
99.7		Corridor Agreement, dated as of June 30, 2005, between HSBC Bank USA, National Association as Indenture Trustee, and Swiss Re Financial Products Corporation, as a party.

Prepayment - Voluntary Prepayments

~~SIGNATURES~~Summary SMM CPR PSA Current Month 1.099% Current Month 12.421% Current Month 6,075.393% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 12.421% N/A Jul-2005 6,075.393% 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 Fixed SMM CPR PSA Current Month 1.368% Current Month 15.232% Current Month 7,687.666% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 15.232% N/A Jul-2005 7,687.666% 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 ARM SMM CPR PSA Current Month 0.426% Current Month 4.990% Current Month 2,098.223% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 4.990% N/A Jul-2005 2,098.223% 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 Fixed SMM CPR PSA Current Month 1.253% Current Month 14.038% Current Month 7,057.604% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 14.038% N/A Jul-2005 7,057.604% 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 ARM SMM CPR PSA Current Month 0.002% Current Month 0.026% Current Month 11.790% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 0.026% N/A Jul-2005 11.790% 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))

~~Pursuant~~Realized toLoss ~~the~~Detail ~~requirements~~Report of- ~~the~~Loans ~~Securities~~with ~~Exchange~~Losses ~~Act~~during ofCurrent ~~1934,~~Period ~~the registrant~~Summary ~~has~~# ~~duly~~Loans ~~caused~~Prior ~~this~~Realized ~~report~~Current towith bePrincipal ~~signed~~Loss/(Gain) onLoss ~~its~~Group ~~behalf~~Losses byBalance ~~the~~Amount ~~undersigned~~Percentage ~~thereunto~~Group ~~duly~~1 ~~authorized~~Fixed 0 0.00 0.00 0.000% Group 1 ARM 0 0.00 0.00 0.000% Group 2 Fixed 0 0.00 0.00 0.000% Group 2 ARM 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%

~~PEOPLE’S~~Realized ~~CHOICE~~Loss ~~HOME~~Loan ~~LOAN~~Detail ~~SECURITIES~~Report ~~CORP.~~- ~~(Registrant)~~Loans ~~By:~~With ~~/s/~~Losses ~~BRAD~~during ~~PLANTIKO~~Current ~~Name:~~Period ~~Brad~~Original ~~Plantiko~~Current ~~Title:~~Loan ~~Executive~~Principal ~~Vice~~Note ~~President~~LTV at Original Group Number Balance Rate State Origination Term No losses this period.

~~Dated:~~Realized ~~July~~Loss ~~13,~~Loan ~~2005~~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.

Realized Loss Report - Collateral Summary

EXHIBIT INDEX

Exhibit Number		Document
1.1		Underwriting Agreement
3.1		Amended and Restated Trust Agreement
4.1		Indenture
4.2		Appendix A to the Indenture (Definitions)
99.1		Sale and Servicing Agreement
99.2		Administration Agreement
99.3		Mortgage Loan Purchase Agreement
99.4		Swap Confirmation
99.5		Servicing Agreement
99.6		Subservicing Agreement
99.7		Corridor Agreement

Filing Compare · PEOPLES CHOICE HOME LOAN SECURITIES TRUST SERIES 2005-3