8-K 1 dsl05ar1_10508.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): August 19, 2005 DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-AR1 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-120038-08 Pooling and Servicing Agreement) (Commission 54-2168093 (State or other File Number) 54-2168094 jurisdiction 54-2168095 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 August 19, 2005 a distribution was made to holders of DSLA MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-AR1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR1 Trust, relating to the August 19, 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. DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2005-AR1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/19/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR1 Trust, relating to the August 19, 2005 distribution. EX-99.1

Downey Savings and Loan Association Mortgage Pass-Through Certificates Record Date: 68/301/052005 Distribution Date: 78/19/052005 Downey Savings and Loan Association Mortgage Pass-Through Certificates Series 2005-AR1 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 1A 23332UCL6 SEN 3.~~53000~~68688% ~~483~~471,~~043~~450,~~844~~729.4530 1,~~373~~496,~~588~~768.8406 AR 23332UCY8 SEN 5.~~00695~~00778% 0.00 0.00 2-A1A 23332UCM4 SEN 3.~~51000~~66688% ~~261~~258,~~766~~008,~~922~~355.2972 ~~740~~814,~~145~~684.9789 2-A1B 23332UCN2 SEN 3.~~58000~~73688% ~~174~~172,~~511~~006,~~935~~215.6017 ~~503~~553,~~273~~493.0345 2-A2 23332UCP7 SEN 3.~~59000~~74688% 5453,~~173~~395,~~559~~711.5534 ~~156~~172,~~666~~280.9219 B1 23332UCQ5 SUB 3.~~73000~~88688% 30,011,~~469~~464.0275 90100,~~176~~449.1344 B2 23332UCR3 SUB 4.~~04000~~19688% 23,463,~~203~~199.1884 7684,~~359~~795.6953 B3 23332UCS1 SUB 45.~~96000~~11688% 16,369,~~165~~162.2289 6572,~~403~~125.9184 B4 23332UCT9 SUB 5.~~01000~~16688% 14,731,~~848~~846.8777 5965,~~455~~545.2978 B5 23332UCU6 SUB 5.~~01000~~16688% 6,001,~~494~~493.1428 2426,~~221~~702.0319 B6 23332UCV4 SUB 5.~~01000~~16688% 4,371,~~726~~725.2967 1719,~~643~~450.5693 X1 23332UCW2 IO 1.00000% 0.00 ~~707~~679,~~248~~232.6223 X2 23332UCX0 SEN 10.~~11686~~85791% 0.02 1,~~381~~029,~~146~~163.8064 Y DSL05AR1Y YM 0.00000% 0.01 0.00 C DSL05AR1C C 0.00000% 0.00 0.00 Totals 1,~~068~~049,~~445~~809,~~168~~904.6476 5,~~195~~114,~~329~~692.7917

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A 117,~~593~~548,~~115~~045.1506 0.00 ~~471~~463,~~450~~902,~~729~~684.3024 129,~~966~~044,~~703~~813.9912 0.00 AR 0.00 0.00 0.00 0.00 0.00 2-A1A 3,~~758~~667,~~566~~246.5663 0.00 ~~258~~254,~~008~~341,~~355~~109.7209 4,~~498~~481,~~712~~931.5352 0.00 2-A1B 2,~~505~~444,~~720~~840.4325 0.00 ~~172~~169,~~006~~561,~~215~~374.1792 32,~~008~~998,~~993~~333.4670 0.00 2-A2 ~~777~~758,~~848~~949.2023 0.00 5352,~~395~~636,~~711~~762.3412 ~~934~~931,~~515~~229.1242 0.00 B1 43.2792 0.00 30,011,~~464~~460.7583 90100,~~180~~453.4036 0.00 B2 3.3406 0.00 23,463,~~199~~196.8478 7684,~~363~~798.0359 0.00 B3 2.3314 0.00 16,369,~~162~~160.8976 6572,~~406~~127.2498 0.00 B4 21.1092 0.00 14,731,~~846~~844.7785 5965,~~457~~547.3970 0.00 B5 0.8578 0.00 6,001,~~493~~492.2850 2426,~~221~~702.8897 0.00 B6 0.6257 0.00 4,371,725.6710 1719,~~644~~451.1850 0.03 X1 0.00 0.00 0.00 ~~707~~679,~~248~~232.6223 0.00 X2 0.00 0.00 0.02 1,~~381~~029,~~146~~163.8064 0.00 Y 0.00 0.00 0.01 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 Totals 1814,~~635~~419,~~263~~093.8556 0.00 1,~~049~~035,~~809~~390,~~904~~811.7622 2319,~~830~~533,~~593~~785.6473 0.03 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) 1A 496,942,000.00 ~~483~~471,~~043~~450,~~844~~729.4530 ~~138~~123.0145 117,~~592~~547,~~977~~921.1461 0.00 0.00 AR 100.00 0.00 0.00 0.00 0.00 0.00 2-A1A 266,804,000.00 ~~261~~258,~~766~~008,~~922~~355.2972 0.00 3,~~758~~667,~~566~~246.5663 0.00 0.00 2-A1B 177,870,000.00 ~~174~~172,~~511~~006,~~935~~215.6017 0.00 2,~~505~~444,~~720~~840.4325 0.00 0.00 2-A2 55,216,000.00 5453,~~173~~395,~~559~~711.5534 0.00 ~~777~~758,~~848~~949.2023 0.00 0.00 B1 30,024,000.00 30,011,~~469~~464.0275 43.2792 0.00 0.00 0.00 B2 23,473,000.00 23,463,~~203~~199.1884 3.3406 0.00 0.00 0.00 B3 16,376,000.00 16,369,~~165~~162.2289 2.3314 0.00 0.00 0.00 B4 14,738,000.00 14,731,~~848~~846.8777 21.1092 0.00 0.00 0.00 B5 6,004,000.00 6,001,~~494~~493.1428 0.8578 0.00 0.00 0.00 B6 4,373,551.69 4,371,~~726~~725.2967 0.6257 0.00 0.00 0.00 X1 0.00 0.00 0.00 0.00 0.00 0.00 X2 0.00 0.02 0.00 0.00 0.00 0.00 Y 0.01 0.01 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,091,820,651.70 1,~~068~~049,~~445~~809,~~168~~904.6476 ~~151~~135.5284 1814,~~635~~418,~~112~~957.3372 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1A 117,~~593~~548,~~115~~045.1506 ~~471~~463,~~450~~902,~~729~~684.3024 0.~~94870373~~93351474 117,~~593~~548,~~115~~045.1506 AR 0.00 0.00 0.00000000 0.00 2-A1A 3,~~758~~667,~~566~~246.5663 ~~258~~254,~~008~~341,~~355~~109.7209 0.~~96703331~~95328822 3,~~758~~667,~~566~~246.5663 2-A1B 2,~~505~~444,~~720~~840.4325 ~~172~~169,~~006~~561,~~215~~374.1792 0.~~96703331~~95328822 2,~~505~~444,~~720~~840.4325 2-A2 ~~777~~758,~~848~~949.2023 5352,~~395~~636,~~711~~762.3412 0.~~96703331~~95328822 ~~777~~758,~~848~~949.2023 B1 43.2792 30,011,~~464~~460.7583 0.~~99958249~~99958236 43.2792 B2 3.3406 23,463,~~199~~196.8478 0.~~99958249~~99958236 3.3406 B3 2.3314 16,369,~~162~~160.8976 0.~~99958249~~99958236 2.3314 B4 21.1092 14,731,~~846~~844.7785 0.~~99958249~~99958236 21.1092 B5 0.8578 6,001,~~493~~492.2850 0.~~99958249~~99958236 0.8578 B6 0.6257 4,371,725.6710 0.~~99958249~~99958236 0.6257 X1 0.00 0.00 0.00000000 0.00 X2 0.00 0.02 0.00000000 0.00 Y 0.00 0.01 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 Totals 1814,~~635~~419,~~263~~093.8556 1,~~049~~035,~~809~~390,~~904~~811.7622 0.~~96152230~~94831583 1814,~~635~~419,~~263~~093.8556

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A 496,942,000.00 ~~972~~948.~~03264053~~70373062 0.~~00027772~~00024842 2315.~~32863219~~18873754 0.00000000 AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 266,804,000.00 ~~981~~967.~~12068144~~03331179 0.00000000 1413.~~08736960~~74509614 0.00000000 2-A1B 177,870,000.00 ~~981~~967.~~12068140~~03331180 0.00000000 1413.~~08736960~~74509614 0.00000000 2-A2 55,216,000.00 ~~981~~967.~~12068151~~03331172 0.00000000 1413.~~08736960~~74509617 0.00000000 B1 30,024,000.00 999.~~58263456~~58249234 0.~~00014222~~00013056 0.00000000 0.00000000 B2 23,473,000.00 999.~~58263452~~58249223 0.~~00014229~~00013036 0.00000000 0.00000000 B3 16,376,000.00 999.~~58263434~~58249206 0.~~00014228~~00013068 0.00000000 0.00000000 B4 14,738,000.00 999.~~58263469~~58249220 0.~~00014249~~00013028 0.00000000 0.00000000 B5 6,004,000.00 999.~~58263491~~58249167 0.~~00014157~~00012991 0.00000000 0.00000000 B6 4,373,551.69 999.~~58262755~~58248579 0.~~00014176~~00013033 0.00000000 0.00000000 X1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.01 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $ 1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A 0.00000000 2315.~~32890991~~18898596 ~~948~~933.~~70373062~~51474466 0.~~94870373~~93351474 2315.~~32890991~~18898596 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 1413.~~08736960~~74509614 ~~967~~953.~~03331179~~28821566 0.~~96703331~~95328822 1413.~~08736960~~74509614 2-A1B 0.00000000 1413.~~08736960~~74509614 ~~967~~953.~~03331180~~28821566 0.~~96703331~~95328822 1413.~~08736960~~74509614 2-A2 0.00000000 1413.~~08736960~~74509617 ~~967~~953.~~03331172~~28821573 0.~~96703331~~95328822 1413.~~08736960~~74509617 B1 0.00000000 0.~~00014222~~00013056 999.~~58249234~~58236178 0.~~99958249~~99958236 0.~~00014222~~00013056 B2 0.00000000 0.~~00014229~~00013036 999.~~58249223~~58236186 0.~~99958249~~99958236 0.~~00014229~~00013036 B3 0.00000000 0.~~00014228~~00013068 999.~~58249206~~58236199 0.~~99958249~~99958236 0.~~00014228~~00013068 B4 0.00000000 0.~~00014249~~00013028 999.~~58249220~~58236192 0.~~99958249~~99958236 0.~~00014249~~00013028 B5 0.00000000 0.~~00014157~~00012991 999.~~58249167~~58236176 0.~~99958249~~99958236 0.~~00014157~~00012991 B6 0.00000000 0.~~00014176~~00013033 999.~~58248579~~58235546 0.~~99958249~~99958236 0.~~00014176~~00013033 X1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 C 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 1A 496,942,000.00 3.~~53000~~68688% ~~483~~471,~~043~~450,~~844~~729.4530 1,~~373~~496,~~588~~768.8406 0.00 0.00 AR 100.00 5.~~00695~~00778% 0.00 0.00 0.00 0.00 2-A1A 266,804,000.00 3.~~51000~~66688% ~~261~~258,~~766~~008,~~922~~355.2972 ~~740~~814,~~145~~684.9789 0.00 0.00 2-A1B 177,870,000.00 3.~~58000~~73688% ~~174~~172,~~511~~006,~~935~~215.6017 ~~503~~553,~~273~~493.0345 0.00 0.00 2-A2 55,216,000.00 3.~~59000~~74688% 5453,~~173~~395,~~559~~711.5534 ~~156~~172,~~666~~280.9219 0.00 0.00 B1 30,024,000.00 3.~~73000~~88688% 30,011,~~469~~464.0275 90100,~~176~~449.1344 0.00 0.00 B2 23,473,000.00 4.~~04000~~19688% 23,463,~~203~~199.1884 7684,~~359~~795.6953 0.00 0.00 B3 16,376,000.00 45.~~96000~~11688% 16,369,~~165~~162.2289 6572,~~403~~125.9184 0.00 0.00 B4 14,738,000.00 5.~~01000~~16688% 14,731,~~848~~846.8777 5965,~~455~~545.2978 0.00 0.00 B5 6,004,000.00 5.~~01000~~16688% 6,001,~~494~~493.1428 2426,~~221~~702.0319 0.00 0.00 B6 4,373,551.69 5.~~01000~~16688% 4,371,~~726~~725.2967 1719,~~643~~450.5693 0.00 0.00 X1 0.00 1.00000% ~~848~~815,~~698~~078,~~339~~673.4272 ~~707~~679,~~248~~232.6223 0.00 0.00 X2 0.00 10.~~11686~~85791% 1,~~068~~049,~~445~~809,~~168~~904.6275 ~~994~~750,~~422~~538.01 0.00 0.00 Y 0.01 0.00000% 0.01 0.00 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,091,820,651.70 4,~~808~~836,~~605~~066.0054 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 1A 0.00 0.00 1,~~373~~496,~~588~~768.8406 0.00 ~~471~~463,~~450~~902,~~729~~684.3024 AR 0.00 0.00 0.00 0.00 0.00 2-A1A 0.00 0.00 ~~740~~814,~~145~~684.9789 0.00 ~~258~~254,~~008~~341,~~355~~109.7209 2-A1B 0.00 0.00 ~~503~~553,~~273~~493.0345 0.00 ~~172~~169,~~006~~561,~~215~~374.1792 2-A2 0.00 0.00 ~~156~~172,~~666~~280.9219 0.00 5352,~~395~~636,~~711~~762.3412 B1 0.00 0.00 90100,~~176~~449.1344 0.00 30,011,~~464~~460.7583 B2 0.00 0.00 7684,~~359~~795.6953 0.00 23,463,~~199~~196.8478 B3 0.00 0.00 6572,~~403~~125.9184 0.00 16,369,~~162~~160.8976 B4 0.00 0.00 5965,~~455~~545.2978 0.00 14,731,~~846~~844.7785 B5 0.00 0.00 2426,~~221~~702.0319 0.00 6,001,~~493~~492.2850 B6 0.00 0.00 1719,~~643~~450.5693 0.00 4,371,725.6710 X1 0.00 0.00 ~~707~~679,~~248~~232.6223 0.00 ~~815~~782,~~078~~658,~~673~~420.7291 X2 0.00 0.00 1,~~381~~029,~~146~~163.8064 0.00 1,~~049~~035,~~809~~390,~~904~~811.7519 Y 0.00 0.00 0.00 0.00 0.01 C 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,~~195~~114,~~329~~692.7917 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 1A 496,942,000.00 3.~~53000~~68688% ~~972~~948.~~03264053~~70373062 23.~~76408281~~01195725 0.00000000 0.00000000 AR 100.00 5.~~00695~~00778% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 266,804,000.00 3.~~51000~~66688% ~~981~~967.~~12068144~~03331179 23.~~77411872~~05349579 0.00000000 0.00000000 2-A1B 177,870,000.00 3.~~58000~~73688% ~~981~~967.~~12068140~~03331180 23.~~82944302~~11178642 0.00000000 0.00000000 2-A2 55,216,000.00 3.~~59000~~74688% ~~981~~967.~~12068151~~03331172 23.~~83734642~~12011355 0.00000000 0.00000000 B1 30,024,000.00 3.~~73000~~88688% 999.~~58263456~~58249234 3.~~00346823~~34563816 0.00000000 0.00000000 B2 23,473,000.00 4.~~04000~~19688% 999.~~58263452~~58249223 3.~~25308610~~61247092 0.00000000 0.00000000 B3 16,376,000.00 45.~~96000~~11688% 999.~~58263434~~58249206 34.~~99388801~~40436248 0.00000000 0.00000000 B4 14,738,000.00 5.~~01000~~16688% 999.~~58263469~~58249220 4.~~03414914~~44739992 0.00000000 0.00000000 B5 6,004,000.00 5.~~01000~~16688% 999.~~58263491~~58249167 4.~~03414890~~44740007 0.00000000 0.00000000 B6 4,373,551.69 5.~~01000~~16688% 999.~~58262755~~58248579 4.~~03414919~~44739913 0.00000000 0.00000000 X1 0.00 1.00000% ~~851~~817.~~39556056~~66904927 0.~~70949630~~68139088 0.00000000 0.00000000 X2 0.00 10.~~11686~~85791% 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $ 1,000 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 1A 0.00000000 0.00000000 23.~~76408281~~01195725 0.00000000 ~~948~~933.~~70373062~~51474466 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 0.00000000 23.~~77411872~~05349579 0.00000000 ~~967~~953.~~03331179~~28821566 2-A1B 0.00000000 0.00000000 23.~~82944302~~11178642 0.00000000 ~~967~~953.~~03331180~~28821566 2-A2 0.00000000 0.00000000 23.~~83734642~~12011355 0.00000000 ~~967~~953.~~03331172~~28821573 B1 0.00000000 0.00000000 3.~~00346823~~34563816 0.00000000 999.~~58249234~~58236178 B2 0.00000000 0.00000000 3.~~25308610~~61247092 0.00000000 999.~~58249223~~58236186 B3 0.00000000 0.00000000 34.~~99388801~~40436248 0.00000000 999.~~58249206~~58236199 B4 0.00000000 0.00000000 4.~~03414914~~44739992 0.00000000 999.~~58249220~~58236192 B5 0.00000000 0.00000000 4.~~03414890~~44740007 0.00000000 999.~~58249167~~58236176 B6 0.00000000 0.00000000 4.~~03414919~~44739913 0.00000000 999.~~58248579~~58235546 X1 0.00000000 0.00000000 0.~~70949630~~68139088 0.00000000 ~~817~~785.~~66904927~~14576269 X2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Y 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 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 X-1 IO-1 1.00000% ~~423,034,580.60~~ 406,258,123.21 390,080,849.04 0.00 0.00 8178.~~75161753~~49625289% X-1 IO-2 1.00000% ~~425,663,758.82~~ 408,820,550.51 392,577,571.87 0.00 0.00 8178.~~78210216~~53279159% X-2 PO-1 0.00000% 0.00 0.00 0.01 0.01 100.00000000% X-2 PO-2 0.00000% 0.00 0.00 0.01 0.01 100.00000000% X-2 IO 10.~~11686~~85791% 1,~~068~~049,~~445~~809,~~168~~904.6073 1,~~049~~035,~~809~~390,~~904~~811.7317 0.00 0.00 9694.~~15223005~~83158333%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2419,~~152~~865,~~409~~336.7684 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1820,~~305~~943.5996 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2419,~~170~~886,~~715~~280.3580 Withdrawals Reimbursement for Servicer Advances 018,305.0059 Payment of Service Fee ~~340~~334,~~121~~189.7148 Payment of Interest and Principal 2319,~~830~~533,~~593~~785.6473 Total Withdrawals (Pool Distribution Amount) 2419,~~170~~886,~~715~~280.3580 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~333~~328,~~889~~065.1259 Master Servicing Fee 6,~~232~~123.5989 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~340~~334,~~121~~189.7148

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 1 0 0 1 ~~518~~519,~~864~~596.4461 0.00 0.00 ~~518~~519,~~864~~596.4461 30 Days 1621 0 0 0 1621 5,~~486~~915,~~001~~659.8001 0.00 0.00 0.00 5,~~486~~915,~~001~~659.8001 60 Days 23 0 0 0 23 ~~747~~480,~~385~~895.1040 0.00 0.00 0.00 ~~747~~480,~~385~~895.1040 90 Days 1 0 0 1 0 1 495,297.10 0.00 0.00 ~~358,417.29~~ 0.00 ~~358~~495,~~417~~297.2910 120 Days 0 0 01 0 01 0.00 0.00 0358,417.0029 0.00 0358,417.0029 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 1825 1 1 0 2027 6,~~233~~891,~~386~~851.9051 ~~518~~519,~~864~~596.4461 358,417.29 0.00 7,~~110~~769,~~668~~865.6341 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.~~031027~~031546% 0.000000% 0.000000% 0.~~031027~~031546% 0.~~049495~~050263% 0.000000% 0.000000% 0.~~049495~~050263% 30 Days 0.~~496432~~662461% 0.000000% 0.000000% 0.000000% 0.~~496432~~662461% 0.~~523316~~572246% 0.000000% 0.000000% 0.000000% 0.~~523316~~572246% 60 Days 0.~~062054~~094637% 0.000000% 0.000000% 0.000000% 0.~~062054~~094637% 0.~~071294~~046519% 0.000000% 0.000000% 0.000000% 0.~~071294~~046519% 90 Days 0.~~000000~~031546% 0.000000% 0.~~031027~~000000% 0.000000% 0.~~031027~~031546% 0.~~000000~~047912% 0.000000% 0.~~034190~~000000% 0.000000% 0.~~034190~~047912% 120 Days 0.000000% 0.000000% 0.~~000000~~031546% 0.000000% 0.~~000000~~031546% 0.000000% 0.000000% 0.~~000000~~034671% 0.000000% 0.~~000000~~034671% 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.~~558486~~788644% 0.~~031027~~031546% 0.~~031027~~031546% 0.000000% 0.~~620540~~851735% 0.~~594610~~666677% 0.~~049495~~050263% 0.~~034190~~034671% 0.000000% 0.~~678295~~751611%

Delinquency Status By Groups

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 1115 0 0 0 1115 2,~~016~~917,~~993~~163.0264 0.00 0.00 0.00 2,~~016~~917,~~993~~163.0264 60 Days 13 0 0 0 13 ~~252~~480,~~088~~895.0040 0.00 0.00 0.00 ~~252~~480,~~088~~895.0040 90 Days 0 0 10 0 10 0.00 0.00 ~~358,417~~0.2900 0.00 ~~358,417~~0.2900 120 Days 0 0 01 0 01 0.00 0.00 0358,417.0029 0.00 0358,417.0029 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 1218 0 1 0 1319 23,~~269~~398,~~081~~059.0204 0.00 358,417.29 0.00 23,~~627~~756,~~498~~476.3133 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~510915~~708550% 0.000000% 0.000000% 0.000000% 0.~~510915~~708550% 0.~~389345~~571510% 0.000000% 0.000000% 0.000000% 0.~~389345~~571510% 60 Days 0.~~046447~~141710% 0.000000% 0.000000% 0.000000% 0.~~046447~~141710% 0.~~048661~~094214% 0.000000% 0.000000% 0.000000% 0.~~048661~~094214% 90 Days 0.000000% 0.000000% 0.~~046447~~000000% 0.000000% 0.~~046447~~000000% 0.000000% 0.000000% 0.~~069186~~000000% 0.000000% 0.~~069186~~000000% 120 Days 0.000000% 0.000000% 0.~~000000~~047237% 0.000000% 0.~~000000~~047237% 0.000000% 0.000000% 0.~~000000~~070219% 0.000000% 0.~~000000~~070219% 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.~~557362~~850260% 0.000000% 0.~~046447~~047237% 0.000000% 0.~~603809~~897496% 0.~~438006~~665723% 0.000000% 0.~~069186~~070219% 0.000000% 0.~~507192~~735942% 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 1 0 0 1 ~~518~~519,~~864~~596.4461 0.00 0.00 ~~518~~519,~~864~~596.4461 30 Days 56 0 0 0 56 32,~~469~~998,~~008~~495.7837 0.00 0.00 0.00 32,~~469~~998,~~008~~495.7837 60 Days 10 0 0 0 10 ~~495,297~~0.1000 0.00 0.00 0.00 ~~495,297~~0.1000 90 Days 01 0 0 0 01 0495,297.0010 0.00 0.00 0.00 0495,297.0010 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 67 1 0 0 78 3,~~964~~493,~~305~~792.8847 ~~518~~519,~~864~~596.4461 0.00 0.00 4,~~483~~013,~~170~~389.3208 0-29 Days 0.~~093458~~094967% 0.000000% 0.000000% 0.~~093458~~094967% 0.~~097850~~099287% 0.000000% 0.000000% 0.~~097850~~099287% 30 Days 0.~~467290~~569801% 0.000000% 0.000000% 0.000000% 0.~~467290~~569801% 0.~~654199~~572964% 0.000000% 0.000000% 0.000000% 0.~~654199~~572964% 60 Days 0.~~093458~~000000% 0.000000% 0.000000% 0.000000% 0.~~093458~~000000% 0.~~093405~~000000% 0.000000% 0.000000% 0.000000% 0.~~093405~~000000% 90 Days 0.~~000000~~094967% 0.000000% 0.000000% 0.000000% 0.~~000000~~094967% 0.~~000000~~094643% 0.000000% 0.000000% 0.000000% 0.~~000000~~094643% 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.~~560748~~664767% 0.~~093458~~094967% 0.000000% 0.000000% 0.~~654206~~759734% 0.~~747604~~667607% 0.~~097850~~099287% 0.000000% 0.000000% 0.~~845454~~766894%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1820,~~305~~943.5996

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 10 ~~Aug~~Sep-04 0.000% Original Principal Balance ~~357,500~~0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance ~~358,417~~0.2900 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 1 ~~Jan~~Feb-05 0.000% Original Principal Balance 357,500.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 358,417.29 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.~~000~~034% ~~Jul~~Aug-05 0.~~034~~035% *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 10 ~~Aug~~Sep-04 0.000% Original Principal Balance ~~357,500~~0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance ~~358,417~~0.2900 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 1 ~~Jan~~Feb-05 0.000% Original Principal Balance 357,500.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 358,417.29 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.~~000~~069% ~~Jul~~Aug-05 0.~~069~~070% *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 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

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 1 9041145020 358,417.29 01-Mar-2005 34 6.~~304~~433% 810,~~401~~228.1767

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~782675~~909934% Weighted Average Net Coupon 5.~~407675~~534934% Weighted Average Pass-Through Rate 5.~~400675~~527934% Weighted Average Maturity(Stepdown Calculation) ~~390~~389 Beginning Scheduled Collateral Loan Count 3,~~286~~223 Number Of Loans Paid In Full 6353 Ending Scheduled Collateral Loan Count 3,~~223~~170 Beginning Scheduled Collateral Balance 1,~~068~~049,~~445~~809,~~168~~904.6376 Ending Scheduled Collateral Balance 1,~~049~~035,~~809~~390,~~904~~811.7620 Ending Actual Collateral Balance at 3001-~~Jun~~Aug-2005 1,~~048~~033,~~315~~761,~~770~~553.9281 Monthly P&I Constant 3,~~282~~220,~~346~~941.6737 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~151~~135.5384 Unscheduled Principal 2016,~~501~~368,~~643~~408.5429

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~870947~~999954 5.~~695665~~821988 5.~~782675~~909934 Weighted Average Net Rate 5.~~495947~~624954 5.~~320665~~446988 5.~~407675~~534934 Weighted Average Maturity ~~383~~382 ~~397~~396 ~~390~~389 Beginning Loan Count 2,~~200~~153 1,~~086~~070 3,~~286~~223 Loans Paid In Full 4736 1617 6353 Ending Loan Count 2,~~153~~117 1,~~070~~053 3,~~223~~170 Beginning Scheduled Balance ~~530~~518,~~378~~785,~~422~~293.4578 ~~538~~531,~~066~~024,~~746~~610.1898 1,~~068~~049,~~445~~809,~~168~~904.6376 Ending Scheduled Balance ~~518~~511,~~785~~237,~~293~~236.7833 ~~531~~524,~~024~~153,~~610~~574.9887 1,~~049~~035,~~809~~390,~~904~~811.7620 Record Date 0608/3001/2005 0608/3001/2005 0608/3001/2005 Principal And Interest Constant 1,~~656~~618,~~960~~457.7750 1,~~625~~602,~~385~~483.9087 3,~~282~~220,~~346~~941.6737 Scheduled Principal ~~151~~135.5384 0.00 ~~151~~135.5384 Unscheduled Principal 128,~~531~~523,~~020~~506.8574 7,~~970~~844,~~622~~901.6955 2016,~~501~~368,~~643~~408.5429 Scheduled Interest 2,~~594~~593,~~852~~906.9579 2,~~553~~576,~~873~~349.3931 5,~~148~~170,~~726~~256.3410 Servicing Fees ~~165~~162,~~743~~120.2640 ~~168~~165,~~145~~945.8619 ~~333~~328,~~889~~065.1259 Master Servicing Fees 3,~~093~~026.8725 3,~~138~~097.7264 6,~~232~~123.5989 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,~~426~~428,~~015~~760.8214 2,~~382~~407,~~588~~306.8148 4,~~808~~836,~~604~~066.6362 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.~~488947~~617954 5.~~313665~~439988 5.~~400675~~527934

Miscellaneous Reporting Group 1 Available Funds 1410,~~261~~128,~~458~~134.5128 Deferred Interest ~~722~~768,~~824~~256.1281 Senior % 9190.~~075320~~875885% Senior Prepayment % 100.000000% Subordinate % 89.~~924680~~124115% Subordinate Prepayment % 0.000000% Net Deferred Interest 0.00 Group 2 Available Funds 9,~~569~~405,~~135~~651.1547 Deferred Interest ~~757~~807,~~538~~002.4792 Senior % 91.~~150851~~033499% Senior Prepayment % 100.000000% Subordinate % 8.~~849149~~966501% Subordinate Prepayment % 0.000000% Net Deferred Interest 0.00

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 4736 128,~~177~~181,~~323~~400.00 128,~~211~~203,~~121~~289.7484 0 0.00 0.00 2 1617 7,~~577~~437,~~100~~450.00 7,~~607~~456,~~868~~827.8954 0 0.00 0.00 Total 6353 1915,~~754~~618,~~423~~850.00 1915,~~818~~660,~~990~~117.6338 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 ~~298~~305,~~597~~356.1423 2 0 0.00 0.00 0 0.00 0.00 ~~348~~375,~~283~~477.7161 Total 0 0.00 0.00 0 0.00 0.00 ~~646~~680,~~880~~833.8584

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 ~~9032728065~~9032728701 CA 8085.0071 01-Jan-2005 ~~344~~288,000.00 ~~346~~286,~~736~~260.3025 1 ~~9032733719~~9032729931 CA 75.00 01-Jan-2005 ~~182~~81,~~250~~750.00 ~~183~~81,~~838~~082.3583 1 ~~9032737306~~9032732489 AZCA 80.00 01-~~Feb-2005 352,000.00 354,278.21 1 9041088337 CO 87.94 01-~~Jan-2005 ~~226~~196,000.00 ~~228~~199,~~281~~057.9082 1 ~~9041115197~~9041128463 CA 5190.5700 01-Feb-2005 ~~312~~353,~~000~~700.00 ~~313~~355,~~568~~688.7856 1 ~~9041133521~~9041158577 CA 7582.0019 01-Jan-2005 ~~135~~300,000.00 ~~136~~301,~~768~~595.3143 1 ~~9041137779~~9041167206 CA 8380.~~95 01-Jan-2005 340,000.~~00 ~~341,750.83 1 9041138561 CA 22.50~~ 01-Jan-2005 ~~135~~256,000.00 ~~135~~258,~~526~~356.9691 1 ~~9041140427~~9041172271 CA 7664.00 01-Jan-2005 ~~190~~240,000.00 ~~191~~239,~~031~~981.2913 1 ~~9041147612~~9041174731 AZCA 8677.4966 01-Feb-2005 ~~160~~225,~~000~~200.00 ~~160~~226,~~004~~812.2934 1 ~~9041148537~~9041179193 CA 7984.1480 01-~~Jan~~Feb-2005 ~~277~~318,000.00 ~~279~~321,~~433~~043.0774 1 ~~9041151036~~9041183278 CA 75.00 01-Jan-2005 ~~300~~225,000.00 ~~302~~227,~~462~~111.3826 1 ~~9041157918~~9041188327 CA 7290.00 01-~~Feb~~Jan-2005 ~~276~~252,~~490.00 279,239.32 1 9041161530 NJ 74.53 01-Mar-2005 360,~~000.00 ~~360~~253,~~029~~340.2210 1 ~~9041164641~~9041193624 CA 7060.0017 01-~~Feb-2005 217,000.00 217,838.09 1 9041166695 CA 75.72 01-~~Jan-2005 ~~157~~174,500.00 ~~157~~174,~~716~~129.0792 1 ~~9041168253~~9041196148 CA 6063.6038 01-~~Jan-2005 203,000.00 204,511.79 1 9041180407 CA 64.05 01-~~Feb-2005 ~~253~~225,000.00 ~~254~~225,~~176~~645.6127 1 ~~9041180589~~9041196320 CA 9029.0088 01-Jan-2005 ~~192~~167,~~600~~300.00 ~~192~~168,~~622~~500.3244 1 ~~9041184581~~9041196445 CA 7438.8176 01-~~Jan~~Feb-2005 ~~270~~250,000.00 ~~270~~251,~~120~~853.5230 1 ~~9041186693~~9041197716 CA 9075.00 01-Feb-2005 ~~234~~183,~~540~~750.00 ~~234~~186,~~595~~244.5605 1 ~~9041190018~~9041197971 CANY 4270.9100 01-~~Jan~~Feb-2005 ~~351~~315,000.00 ~~353~~315,~~791~~903.9401 1 ~~9041192543~~9041201401 CAAZ 6989.5873 01-~~Jan~~Feb-2005 ~~263~~166,000.00 ~~264~~167,~~454~~631.7304 1 ~~9041193160~~9041201583 CAAZ 8085.0071 01-Jan-2005 ~~204~~120,000.00 ~~205~~121,~~674~~074.3949 1 ~~9041193368~~9041205642 CA 6680.6700 01-Feb-2005 ~~200~~252,000.00 ~~202~~253,~~221~~829.5777 1 ~~9041197344~~9041208646 CA 7579.0073 01-Jan-2005 ~~255~~350,000.00 ~~256~~352,~~916~~911.9852 1 ~~9041197856~~9041211475 CA 6880.~~75 01-Feb-2005 247,500.~~00 ~~246,561.50 1 9041199563 CA 78.48~~ 01-Jan-2005 ~~310~~248,000.00 ~~311~~249,~~358~~022.4042 1 ~~9041200585~~9041212606 CA 8630.5767 01-Feb-2005 ~~290~~115,000.00 ~~290~~114,~~982~~180.6394 1 ~~9041207358~~9041225368 CA 5453.0546 01-Feb-2005 ~~200~~208,~~000~~500.00 ~~200~~211,~~036~~170.6698 1 ~~9041207630~~9041252073 CA 8078.0013 01-~~Jan~~Mar-2005 ~~192~~150,000.00 ~~193~~150,~~234~~859.8919 1 ~~9041208141~~9041261421 CA 8074.0060 01-~~Feb~~Mar-2005 ~~373~~235,~~600~~000.00 ~~375~~236,~~625~~428.7214 1 ~~9041219452~~9041265117 CA 7135.5271 01-Feb-2005 ~~590~~225,000.00 ~~592~~224,~~861~~142.8617 1 ~~9041223553~~9041267774 CA 7573.0037 01-Feb-2005 ~~348~~270,~~750~~000.00 ~~350~~270,~~283~~622.4791 1 ~~9041227232~~9041268442 CA 4430.4010 01-Feb-2005 ~~248~~146,~~650.00 249,952.55 1 9041228792 CA 68.06 01-Jan-2005 245,~~000.00 ~~246~~146,~~514~~971.2332 1 ~~9041242546~~9041274531 CA 8180.4186 01-Feb-2005 ~~346~~169,000.00 ~~347~~169,~~172~~327.3880 1 ~~9041252123~~9041280421 AZNJ 8070.00 01-~~Feb~~Mar-2005 ~~200~~234,~~000~~500.00 ~~201~~235,~~067~~862.7894 1 ~~9041262254~~9041303843 AZ 7576.0009 01-~~Feb~~Mar-2005 ~~247~~245,~~500~~000.00 ~~248~~245,~~224~~561.1262 1 ~~9041262809~~9041305525 CAWA 74.0735 01-Feb-2005 ~~220~~171,000.00 ~~221~~172,~~106~~267.1862 1 ~~9041265398~~9041308651 CAWA 7189.7280 01-~~Feb~~Mar-2005 ~~355~~220,000.00 ~~355~~220,~~239~~267.9913 1 ~~9041280587~~9041313859 NJCA 7580.00 01-Mar-2005 ~~375~~275,~~000~~200.00 ~~376~~273,~~293~~069.2430 1 ~~9041289752~~9041314212 CA 3175.3500 01-Feb-2005 ~~243~~330,000.00 ~~243~~330,~~864~~342.1085 12 ~~9041301342~~9032728644 AZCA 75.~~93 01-Feb-2005 224,000.~~00 ~~222,462.02 1 9041330648 AZ 70.00~~ 01-~~Feb~~Jan-2005 ~~110~~371,~~943~~250.00 ~~111~~374,~~238~~904.0576 12 ~~9041337445~~9041087099 AZCA 8088.0097 01-~~Mar~~Jan-2005 ~~132~~400,000.00 ~~132~~402,~~477~~739.3571 12 ~~9041347220~~9041133760 AZCA 8078.0068 01-~~Mar~~Jan-2005 ~~288~~535,000.00 ~~288~~540,~~276~~574.8189 2 ~~9041144007~~9041140062 CA 7580.00 01-Jan-2005 ~~423~~416,~~750~~000.00 ~~426~~418,~~998~~492.5544 2 ~~9041161365~~9041140310 CA 7069.0085 01-Feb-2005 ~~364~~475,000.00 ~~367~~477,~~005~~078.2535 2 ~~9041168840~~9041160243 CA 7479.7379 01-Jan-2005 ~~545~~608,~~500~~000.00 ~~549~~607,~~977~~667.3957 2 ~~9041187337~~9041175340 CA 4649.3425 01-Jan-2005 ~~556~~458,~~100~~000.00 ~~560~~452,~~664~~771.4374 2 ~~9041191115~~9041177817 CA 7186.1171 01-Jan-2005 ~~544~~385,000.00 ~~544~~384,~~302~~710.0222 2 ~~9041196387~~9041184425 CAAZ 7585.00 01-~~Jan~~Feb-2005 ~~457~~392,~~500~~700.00 ~~460~~394,~~675~~211.2073 2 ~~9041197617~~9041197336 CA 7783.4222 01-Jan-2005 ~~600~~362,000.00 ~~603~~364,~~082~~032.2534 2 ~~9041200379~~9041209859 CA 75.00 01-~~Jan~~Feb-2005 ~~367~~637,500.00 ~~369~~639,~~697~~644.9387 2 ~~9041212465~~9041212200 CA 8574.0091 01-Jan-2005 ~~409~~397,~~700.00 411,394.76 2 9041219445 CA 80.00 01-Jan-2005 496,~~000.00 ~~496~~400,~~772~~554.1685 2 ~~9041243452~~9041286261 CA 8085.0097 01-Feb-2005 ~~475~~386,~~800~~000.00 ~~480~~389,~~484~~890.2671 2 ~~9041245168~~9041292764 CA 9057.0092 01-~~Feb~~Mar-2005 ~~596~~362,~~250~~000.00 ~~598~~365,~~289~~409.9192 2 ~~9041259797~~9041321332 CA 6874.0023 01-~~Feb~~Mar-2005 ~~476~~360,000.00 ~~477~~363,~~092~~613.7598 2 ~~9041263369~~9041330556 CA 8075.00 01-~~Feb~~Mar-2005 ~~400~~360,000.00 ~~404~~361,~~022~~354.4063 2 ~~9041274200~~9041332263 CA ~~79.41 01-Feb-2005 405,000.00 408,901.~~78 ~~2 9041282773 CA 80~~.0081 01-~~Feb~~Mar-2005 ~~460~~532,000.00 ~~462~~531,~~977~~771.9423

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~9032728065~~9032728701 Loan Paid in Full 0 6.~~304~~433% 360 67 1 ~~9032733719~~9032729931 Loan Paid in Full 0 6.~~454~~433% 360 67 1 ~~9032737306~~9032732489 Loan Paid in Full 0 56.~~354~~483% 480 57 1 ~~9041088337~~9041128463 Loan Paid in Full 0 6.~~354~~333% ~~480~~360 6 1 ~~9041115197~~9041158577 Loan Paid in Full 0 56.~~954~~133% 360 57 1 ~~9041133521~~9041167206 Loan Paid in Full 0 65.~~404~~383% 480 67 1 ~~9041137779~~9041172271 Loan Paid in Full 0 6.~~254~~083% 360 67 1 ~~9041138561~~9041174731 Loan Paid in Full ~~(1) 5.504% 360 6 1 9041140427 Loan Paid in Full~~ 0 6.~~354~~133% 360 6 1 ~~9041147612~~9041179193 Loan Paid in Full 0 56.~~254~~233% ~~360 5 1 9041148537 Loan Paid in Full 0 5.554%~~ 480 6 1 ~~9041151036~~9041183278 Loan Paid in Full 0 6.~~354~~333% 360 67 1 ~~9041157918~~9041188327 Loan Paid in Full 02 6.~~404~~133% ~~480 5 1 9041161530 Loan Paid in Full 0 5.604%~~ 360 47 1 ~~9041164641~~9041193624 Loan Paid in Full ~~0 5.904% 360 5~~ (1) ~~9041166695 Loan Paid in Full 0~~ 6.~~304~~383% 480 67 1 ~~9041168253~~9041196148 Loan Paid in Full 0(1) 65.~~204~~483% ~~360~~480 6 1 ~~9041180407~~9041196320 Loan Paid in Full 0 ~~6.054% 360~~ 5 ~~1 9041180589 Loan Paid in Full 0 5~~.~~704~~933% 360 67 1 ~~9041184581~~9041196445 Loan Paid in Full 0 56.~~454~~183% 360 6 1 ~~9041186693~~9041197716 Loan Paid in Full (1) 56.~~304~~483% ~~360~~480 56 1 ~~9041190018~~9041197971 Loan Paid in Full (1) 65.~~304~~633% 360 6 1 ~~9041192543~~9041201401 Loan Paid in Full ~~0 6.654% 360 6~~ 1 ~~9041193160 Loan Paid in Full 0~~ 6.~~354~~283% ~~360~~480 6 1 ~~9041193368~~9041201583 Loan Paid in Full 0 6.~~454~~183% 480 57 1 ~~9041197344~~9041205642 Loan Paid in Full ~~(1)~~0 5.~~304~~683% 480 6 1 ~~9041197856~~9041208646 Loan Paid in Full 0 65.~~104~~233% ~~360~~480 57 1 ~~9041199563~~9041211475 Loan Paid in Full 0 5.~~954~~533% 360 67 1 ~~9041200585~~9041212606 Loan Paid in Full (1) 65.~~054~~933% 360 56 1 ~~9041207358~~9041225368 Loan Paid in Full ~~0 5.504% 360 5~~ (1) ~~9041207630 Loan Paid in Full 0~~ 6.~~004~~333% ~~360~~480 6 1 ~~9041208141~~9041252073 Loan Paid in Full 0 56.~~104~~183% ~~480~~360 5 1 ~~9041219452~~9041261421 Loan Paid in Full 0(1) 56.~~954~~183% 360 5 1 ~~9041223553~~9041265117 Loan Paid in Full 0 5.~~804~~733% 360 56 1 ~~9041227232~~9041267774 Loan Paid in Full 0 6.~~004~~033% 360 56 1 ~~9041228792~~9041268442 Loan Paid in Full 0(1) 56.~~954~~033% 360 6 1 ~~9041242546~~9041274531 Loan Paid in Full 0 6.~~054~~233% ~~360 5 1 9041252123 Loan Paid in Full 0 5.104%~~ 480 56 1 ~~9041262254~~9041280421 Loan Paid in Full 0 56.~~454~~333% 360 5 1 ~~9041262809~~9041303843 Loan Paid in Full 0 5.~~954~~283% 360 5 1 ~~9041265398~~9041305525 Loan Paid in Full 0 56.~~254~~183% 360 56 1 ~~9041280587~~9041308651 Loan Paid in Full 0 5.~~854~~633% 360 45 1 ~~9041289752~~9041313859 Loan Paid in Full 0 5.~~604~~533% 360 5 1 ~~9041301342~~9041314212 Loan Paid in Full ~~0 5.204% 480 5 1 9041330648 Loan Paid in Full~~ (1) 5.~~604~~233% ~~360~~480 56 12 ~~9041337445~~9032728644 Loan Paid in Full 0 56.~~904~~383% 360 47 12 ~~9041347220~~9041087099 Loan Paid in Full ~~(1)~~0 5.~~954~~533% ~~360~~480 47 2 ~~9041144007~~9041133760 Loan Paid in Full 0 6.~~304~~483% 360 67 2 ~~9041161365~~9041140062 Loan Paid in Full 0 ~~6.004% 480~~ 5 ~~2 9041168840 Loan Paid in Full 0 6~~.~~354~~733% 360 67 2 ~~9041187337~~9041140310 Loan Paid in Full 0 65.~~354~~583% 360 6 2 ~~9041191115~~9041160243 Loan Paid in Full 0 64.~~004~~933% 360 67 2 ~~9041196387~~9041175340 Loan Paid in Full 0(1) 6.~~104~~333% 360 67 2 ~~9041197617~~9041177817 Loan Paid in Full 01 6.~~004~~433% 360 67 2 ~~9041200379~~9041184425 Loan Paid in Full 0 5.~~954~~983% 360 6 2 ~~9041212465~~9041197336 Loan Paid in Full 0 6.~~054~~183% 360 67 2 ~~9041219445~~9041209859 Loan Paid in Full 0 5.~~104~~383% ~~480~~360 6 2 ~~9041243452~~9041212200 Loan Paid in Full 0 6.~~154~~233% ~~480~~360 57 2 ~~9041245168~~9041286261 Loan Paid in Full 0 56.~~154~~333% 480 56 2 ~~9041259797~~9041292764 Loan Paid in Full (1) 56.~~304~~033% ~~360~~480 5 2 ~~9041263369~~9041321332 Loan Paid in Full 0(1) 6.~~204~~183% 480 5 2 ~~9041274200~~9041330556 Loan Paid in Full 0 65.~~104~~633% ~~480~~360 5 2 ~~9041282773~~9041332263 Loan Paid in Full 0 5.~~354~~333% ~~480~~360 5

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 1.~~915~~556% Current Month 2017.~~712~~157% Current Month 21,~~008~~393.~~023~~533% 3 Month Average 1.~~303~~529% 3 Month Average 1416.~~448~~822% 3 Month Average 1,~~702~~638.~~726~~309% 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 2.196% N/A Mar-2005 943.369% N/A Apr-2005 5.530% N/A Apr-2005 1,278.128% N/A May-2005 10.034% N/A May-2005 1,586.785% N/A Jun-2005 12.597% N/A Jun-2005 1,513.370% N/A Jul-2005 20.712% N/A Jul-2005 2,008.023% N/A Aug-2005 17.157% N/A Aug-2005 1,393.533% 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 21.~~358~~640% Current Month 2417.~~904~~997% Current Month 21,~~397~~452.~~208~~652% 3 Month Average 1.~~547~~737% 3 Month Average 1618.~~877~~843% 3 Month Average 1,~~970~~824.~~727~~461% 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 3.201% N/A Mar-2005 1,333.916% N/A Apr-2005 6.216% N/A Apr-2005 1,412.844% N/A May-2005 12.100% N/A May-2005 1,891.448% N/A Jun-2005 13.627% N/A Jun-2005 1,623.523% N/A Jul-2005 24.904% N/A Jul-2005 2,397.208% N/A Aug-2005 17.997% N/A Aug-2005 1,452.652% 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 1.~~479~~475% Current Month 16.~~371~~328% Current Month 1,~~598~~334.~~364~~416% 3 Month Average 1.~~062~~324% 3 Month Average 1114.~~960~~756% 3 Month Average 1,~~423~~444.~~433~~722% 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 1.188% N/A Mar-2005 526.318% N/A Apr-2005 4.845% N/A Apr-2005 1,138.761% N/A May-2005 7.941% N/A May-2005 1,270.549% N/A Jun-2005 11.568% N/A Jun-2005 1,401.385% N/A Jul-2005 16.371% N/A Jul-2005 1,598.364% N/A Aug-2005 16.328% N/A Aug-2005 1,334.416% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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. ~~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 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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. ~~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 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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. ~~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 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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. ~~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 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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. ~~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 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 · GREENWICH DSLA MORTGAGE LOAN TRUST 2005-AR1