8-K 1 dsl05ar2_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-AR2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121661-13 Pooling and Servicing Agreement) (Commission 54-2173131 (State or other File Number) 54-2173132 jurisdiction 54-2173133 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-AR2 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-AR2 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-AR2 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-AR2 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-AR2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1-A 23332UDB7 SEN 3.~~50000~~65688% ~~474~~471,~~601~~152,~~964~~925.0804 1,~~338~~483,~~113~~651.8714 A-R 23332UDS0 SEN 5.~~28277~~28291% 0.00 0.00 2-A1A 23332UDC5 SEN 3.~~47000~~62688% 277,~~875~~679,~~961~~457.7773 ~~776~~867,~~740~~233.5067 2-A1B 23332UDD3 SEN 3.~~57000~~72688% 36,~~034~~009,~~921~~439.7815 ~~103~~115,~~630~~563.4357 2-A1C 23332UDE1 SEN 3.~~48000~~63688% 149,~~217~~111,~~045~~524.7877 ~~418~~466,~~305~~981.1218 2-A2 23332UDQ4 SEN 3.~~58000~~73688% 52,~~826~~789,~~813~~456.3308 ~~152~~169,~~346~~869.6655 B-1 23332UDF8 SUB 3.~~73000~~88688% 32,416,240.89 97108,~~401~~498.8031 B-2 23332UDG6 SUB 34.~~96000~~11688% 25,272,121.74 8089,~~618~~591.0797 B-3 23332UDH4 SUB 4.~~81000~~96688% 18,130,000.38 7077,~~248~~542.7266 B-4 23332UDJ0 SUB 5.~~01000~~16688% 18,130,000.38 7380,~~169~~665.6605 B-5 23332UDM3 SUB 5.~~01000~~16688% 5,493,939.51 2224,~~172~~443.6295 B-6 23332UDN1 SUB 5.~~01000~~16688% 3,845,605.03 1517,~~520~~110.2209 X-1 23332UDK7 SEN 1.00000% 0.00 ~~768~~739,~~053~~285.3513 X-2 23332UDL5 SEN 10.~~05544~~81234% 0.00 1960,~~038,585~~073.6704 PO 23332UDR2 SEN 0.00000% 100.00 0.0102 Y DSL05AR2Y RES 0.00000% 0.01 0.00 C DSL05AR2C RES 0.00000% 0.00 0.00 Totals 1,~~093~~090,~~844~~030,~~714~~810.6871 45,~~954~~200,~~906~~509.7033

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A 34,~~449~~932,~~039~~728.0443 0.00 ~~471~~466,~~152~~220,~~925~~196.0461 46,~~787~~416,~~152~~379.9157 0.00 A-R 0.00 0.00 0.00 0.00 0.00 2-A1A ~~196~~2,~~504~~142,913.0440 0.00 ~~277~~275,~~679~~536,~~457~~544.7333 ~~973~~3,~~244~~010,147.5407 0.00 2-A1B 25277,~~482~~892.6276 0.00 3635,~~009~~731,~~439~~546.1540 ~~129~~393,~~113~~456.0533 0.00 2-A1C ~~105~~1,~~521~~150,726.0140 0.00 ~~149~~147,~~111~~960,~~524~~798.7736 ~~523~~1,~~826~~617,707.1358 0.00 2-A2 37407,~~357~~387.2583 0.00 52,~~789~~382,~~456~~068.0824 ~~189~~577,~~703~~257.9138 0.00 B-1 0.00 0.00 32,416,240.89 97108,~~401~~498.8031 0.00 B-2 0.00 0.00 25,272,121.74 8089,~~618~~591.0797 0.00 B-3 0.00 0.00 18,130,000.38 7077,~~248~~542.7266 0.00 B-4 0.00 0.00 18,130,000.38 7380,~~169~~665.6605 0.00 B-5 0.00 0.00 5,493,939.51 2224,~~172~~443.6295 0.00 B-6 0.00 0.00 3,845,605.03 1517,~~520~~110.2209 0.00 X-1 0.00 0.00 0.00 ~~768~~739,~~053~~285.3513 0.00 X-2 0.00 0.00 0.00 1960,~~038,585~~073.6704 0.00 PO 0.00 0.00 100.00 0.0102 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 38,~~813~~911,~~903~~648.9682 0.00 1,~~090~~081,~~030~~119,~~810~~161.7188 814,~~768~~112,~~810~~158.6615 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A 477,936,000.00 ~~474~~471,~~601~~152,~~964~~925.0804 0.00 34,~~449~~932,~~039~~728.0443 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 2-A1A 279,334,000.00 277,~~875~~679,~~961~~457.7773 0.00 ~~196~~2,~~504~~142,913.0440 0.00 0.00 2-A1B 36,224,000.00 36,~~034~~009,~~921~~439.7815 0.00 25277,~~482~~892.6276 0.00 0.00 2-A1C 150,000,000.00 149,~~217~~111,~~045~~524.7877 0.00 ~~105~~1,~~521~~150,726.0140 0.00 0.00 2-A2 53,104,000.00 52,~~826~~789,~~813~~456.3308 0.00 37407,~~357~~387.2583 0.00 0.00 B-1 32,452,000.00 32,416,240.89 0.00 0.00 0.00 0.00 B-2 25,300,000.00 25,272,121.74 0.00 0.00 0.00 0.00 B-3 18,150,000.00 18,130,000.38 0.00 0.00 0.00 0.00 B-4 18,150,000.00 18,130,000.38 0.00 0.00 0.00 0.00 B-5 5,500,000.00 5,493,939.51 0.00 0.00 0.00 0.00 B-6 3,849,847.22 3,845,605.03 0.00 0.00 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 PO 100.00 100.00 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,100,000,047.22 1,~~093~~090,~~844~~030,~~714~~810.6770 0.00 38,~~813~~911,~~903~~648.9682 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 1-A 34,~~449~~932,~~039~~728.0443 ~~471~~466,~~152~~220,~~925~~196.0461 0.~~98580757~~97548667 34,~~449~~932,~~039~~728.0443 A-R 0.00 0.00 0.00000000 0.00 2-A1A ~~196~~2,~~504~~142,913.0440 ~~277~~275,~~679~~536,~~457~~544.7333 0.~~99407683~~98640532 ~~196~~2,~~504~~142,913.0440 2-A1B 25277,~~482~~892.6276 3635,~~009~~731,~~439~~546.1540 0.~~99407683~~98640532 25277,~~482~~892.6276 2-A1C ~~105~~1,~~521~~150,726.0140 ~~149~~147,~~111~~960,~~524~~798.7736 0.~~99407683~~98640532 ~~105~~1,~~521~~150,726.0140 2-A2 37407,~~357~~387.2583 52,~~789~~382,~~456~~068.0824 0.~~99407683~~98640532 37407,~~357~~387.2583 B-1 0.00 32,416,240.89 0.99889809 0.00 B-2 0.00 25,272,121.74 0.99889809 0.00 B-3 0.00 18,130,000.38 0.99889809 0.00 B-4 0.00 18,130,000.38 0.99889809 0.00 B-5 0.00 5,493,939.51 0.99889809 0.00 B-6 0.00 3,845,605.03 0.99889809 0.00 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 PO 0.00 100.00 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 Totals 38,~~813~~911,~~903~~648.9682 1,~~090~~081,~~030~~119,~~810~~161.7087 0.~~99093706~~98283556 38,~~813~~911,~~903~~648.9682

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A 477,936,000.00 ~~993~~985.~~02409544~~80756637 0.00000000 710.~~21652908~~32089742 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 279,334,000.00 994.~~78030519~~07683179 0.00000000 07.~~70347340~~67150938 0.00000000 2-A1B 36,224,000.00 994.~~78030532~~07683166 0.00000000 07.~~70347339~~67150950 0.00000000 2-A1C 150,000,000.00 994.~~78030520~~07683180 0.00000000 07.~~70347340~~67150933 0.00000000 2-A2 53,104,000.00 994.~~78030525~~07683188 0.00000000 07.~~70347337~~67150930 0.00000000 B-1 32,452,000.00 998.89809226 0.00000000 0.00000000 0.00000000 B-2 25,300,000.00 998.89809249 0.00000000 0.00000000 0.00000000 B-3 18,150,000.00 998.89809256 0.00000000 0.00000000 0.00000000 B-4 18,150,000.00 998.89809256 0.00000000 0.00000000 0.00000000 B-5 5,500,000.00 998.89809273 0.00000000 0.00000000 0.00000000 B-6 3,849,847.22 998.89808874 0.00000000 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 100.00 1000.00000000 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

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A 0.00000000 710.~~21652908~~32089742 ~~985~~975.~~80756637~~48666895 0.~~98580757~~97548667 710.~~21652908~~32089742 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 07.~~70347340~~67150938 ~~994~~986.~~07683179~~40532241 0.~~99407683~~98640532 07.~~70347340~~67150938 2-A1B 0.00000000 07.~~70347339~~67150950 ~~994~~986.~~07683166~~40532244 0.~~99407683~~98640532 07.~~70347339~~67150950 2-A1C 0.00000000 07.~~70347340~~67150933 ~~994~~986.~~07683180~~40532240 0.~~99407683~~98640532 07.~~70347340~~67150933 2-A2 0.00000000 07.~~70347337~~67150930 ~~994~~986.~~07683188~~40532239 0.~~99407683~~98640532 07.~~70347337~~67150930 B-1 0.00000000 0.00000000 998.89809226 0.99889809 0.00000000 B-2 0.00000000 0.00000000 998.89809249 0.99889809 0.00000000 B-3 0.00000000 0.00000000 998.89809256 0.99889809 0.00000000 B-4 0.00000000 0.00000000 998.89809256 0.99889809 0.00000000 B-5 0.00000000 0.00000000 998.89809273 0.99889809 0.00000000 B-6 0.00000000 0.00000000 998.89808874 0.99889809 0.00000000 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO 0.00000000 0.00000000 1,000.00000000 1.00000000 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 1-A 477,936,000.00 3.~~50000~~65688% ~~474~~471,~~601~~152,~~964~~925.0804 1,~~338~~483,~~113~~651.8714 0.00 0.00 A-R 100.00 5.~~28277~~28291% 0.00 0.00 0.00 0.00 2-A1A 279,334,000.00 3.~~47000~~62688% 277,~~875~~679,~~961~~457.7773 ~~776~~867,~~740~~233.5067 0.00 0.00 2-A1B 36,224,000.00 3.~~57000~~72688% 36,~~034~~009,~~921~~439.7815 ~~103~~115,~~630~~563.4357 0.00 0.00 2-A1C 150,000,000.00 3.~~48000~~63688% 149,~~217~~111,~~045~~524.7877 ~~418~~466,~~305~~981.1218 0.00 0.00 2-A2 53,104,000.00 3.~~58000~~73688% 52,~~826~~789,~~813~~456.3308 ~~152~~169,~~346~~869.6655 0.00 0.00 B-1 32,452,000.00 3.~~73000~~88688% 32,416,240.89 97108,~~401~~498.8031 0.00 0.00 B-2 25,300,000.00 34.~~96000~~11688% 25,272,121.74 8089,~~618~~591.0797 0.00 0.00 B-3 18,150,000.00 4.~~81000~~96688% 18,130,000.38 7077,~~248~~542.7266 0.00 0.00 B-4 18,150,000.00 5.~~01000~~16688% 18,130,000.38 7380,~~169~~665.6605 0.00 0.00 B-5 5,500,000.00 5.~~01000~~16688% 5,493,939.51 2224,~~172~~443.6295 0.00 0.00 B-6 3,849,847.22 5.~~01000~~16688% 3,845,605.03 1517,~~520~~110.2209 0.00 0.00 X-1 0.00 1.00000% ~~921~~887,~~664~~142,~~016~~161.0508 ~~768~~739,~~053~~285.3513 0.00 0.00 X-2 0.00 10.~~05544~~81234% 1,~~093~~090,~~844~~030,~~714~~810.6670 ~~962~~737,~~073~~897.9950 0.00 0.00 PO 100.00 0.00000% 100.00 0.00 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 1,100,000,047.23 4,~~878~~978,~~395~~333.0177 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A 0.00 0.00 1,~~338~~483,~~113~~651.8714 0.00 ~~471~~466,~~152~~220,~~925~~196.0461 A-R 0.00 0.00 0.00 0.00 0.00 2-A1A 0.00 0.00 ~~776~~867,~~740~~233.5067 0.00 ~~277~~275,~~679~~536,~~457~~544.7333 2-A1B 0.00 0.00 ~~103~~115,~~630~~563.4357 0.00 3635,~~009~~731,~~439~~546.1540 2-A1C 0.00 0.00 ~~418~~466,~~305~~981.1218 0.00 ~~149~~147,~~111~~960,~~524~~798.7736 2-A2 0.00 0.00 ~~152~~169,~~346~~869.6655 0.00 52,~~789~~382,~~456~~068.0824 B-1 0.00 0.00 97108,~~401~~498.8031 0.00 32,416,240.89 B-2 0.00 0.00 8089,~~618~~591.0797 0.00 25,272,121.74 B-3 0.00 0.00 7077,~~248~~542.7266 0.00 18,130,000.38 B-4 0.00 0.00 7380,~~169~~665.6605 0.00 18,130,000.38 B-5 0.00 0.00 2224,~~172~~443.6295 0.00 5,493,939.51 B-6 0.00 0.00 1517,~~520~~110.2209 0.00 3,845,605.03 X-1 0.00 0.00 ~~768~~739,~~053~~285.3513 0.00 ~~887~~853,~~142~~787,~~161~~784.0839 X-2 0.00 0.00 1960,~~038,585~~073.6704 0.00 1,~~090~~081,~~030~~119,~~810~~161.7088 PO 0.00 0.00 0.0102 0.00 100.00 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 45,~~954~~200,~~906~~509.7033 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A 477,936,000.00 3.~~50000~~65688% ~~993~~985.~~02409544~~80756637 23.~~79977627~~10428831 0.00000000 0.00000000 A-R 100.00 5.~~28277~~28291% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 279,334,000.00 3.~~47000~~62688% 994.~~78030519~~07683179 23.~~78068728~~10464773 0.00000000 0.00000000 2-A1B 36,224,000.00 3.~~57000~~72688% 994.~~78030532~~07683166 23.~~86082238~~19024873 0.00000000 0.00000000 2-A1C 150,000,000.00 3.~~48000~~63688% 994.~~78030520~~07683180 23.~~78870080~~11320787 0.00000000 0.00000000 2-A2 53,104,000.00 3.~~58000~~73688% 994.~~78030525~~07683188 23.~~86883587~~19880894 0.00000000 0.00000000 B-1 32,452,000.00 3.~~73000~~88688% 998.89809226 3.~~00141132~~34334741 0.00000000 0.00000000 B-2 25,300,000.00 34.~~96000~~11688% 998.89809249 3.~~18648498~~54118458 0.00000000 0.00000000 B-3 18,150,000.00 4.~~81000~~96688% 998.89809256 34.~~87045289~~27232287 0.00000000 0.00000000 B-4 18,150,000.00 5.~~01000~~16688% 998.89809256 4.~~03138623~~44435537 0.00000000 0.00000000 B-5 5,500,000.00 5.~~01000~~16688% 998.89809273 4.~~03138545~~44435455 0.00000000 0.00000000 B-6 3,849,847.22 5.~~01000~~16688% 998.89808874 4.~~03138595~~44435559 0.00000000 0.00000000 X-1 0.00 1.00000% ~~924~~890.~~81022042~~17052119 0.~~77067519~~74180876 0.00000000 0.00000000 X-2 0.00 10.~~05544~~81234% ~~994~~990.~~40424337~~93705810 0.~~87461268~~67081588 0.00000000 0.00000000 PO 100.00 0.00000% 1000.00000000 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) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A 0.00000000 0.00000000 23.~~79977627~~10428831 0.00000000 ~~985~~975.~~80756637~~48666895 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1A 0.00000000 0.00000000 23.~~78068728~~10464773 0.00000000 ~~994~~986.~~07683179~~40532241 2-A1B 0.00000000 0.00000000 23.~~86082238~~19024873 0.00000000 ~~994~~986.~~07683166~~40532244 2-A1C 0.00000000 0.00000000 23.~~78870080~~11320787 0.00000000 ~~994~~986.~~07683180~~40532240 2-A2 0.00000000 0.00000000 23.~~86883587~~19880894 0.00000000 ~~994~~986.~~07683188~~40532239 B-1 0.00000000 0.00000000 3.~~00141132~~34334741 0.00000000 998.89809226 B-2 0.00000000 0.00000000 3.~~18648498~~54118458 0.00000000 998.89809249 B-3 0.00000000 0.00000000 34.~~87045289~~27232287 0.00000000 998.89809256 B-4 0.00000000 0.00000000 4.~~03138623~~44435537 0.00000000 998.89809256 B-5 0.00000000 0.00000000 4.~~03138545~~44435455 0.00000000 998.89809273 B-6 0.00000000 0.00000000 4.~~03138595~~44435559 0.00000000 998.89808874 X-1 0.00000000 0.00000000 0.~~77067519~~74180876 0.00000000 ~~890~~856.~~17052119~~70228557 X-2 0.00000000 0.00000000 0.~~94416875~~87279364 0.00000000 ~~990~~982.~~93705810~~83555952 PO 0.00000000 0.00000000 0.~~10000000~~20000000 0.00000000 1000.00000000 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 X1-1 1.00000% ~~441,998,984.07~~ 425,449,087.75 409,458,744.01 0.00 0.00 8985.~~01800403~~67229587% X1-2 1.00000% ~~479,665,031.98~~ 461,693,073.33 444,329,040.38 0.00 0.00 8985.~~01617495~~66832357% PO-1 0.00000% 0.00 0.00 50.00 50.00 100.00000000% PO-2 0.00000% 0.00 0.00 50.00 50.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 914,~~116~~465,~~386~~024.7317 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1219,~~651~~618.4271 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 914,~~129~~484,~~038~~642.1588 Withdrawals Reimbursement for Servicer Advances 012,651.0042 Payment of Service Fee ~~360~~359,~~227~~833.4931 Payment of Interest and Principal 814,~~768~~112,~~810~~158.6615 Total Withdrawals (Pool Distribution Amount) 914,~~129~~484,~~038~~642.1588 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~341~~340,~~826~~634.4763 Ambac Fee 12,~~020~~840.2616 Master Servicing Fee 6,~~380~~358.7652 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~360~~359,~~227~~833.4931

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1418 0 0 0 1418 46,~~546~~818,~~945~~100.6184 0.00 0.00 0.00 46,~~546~~818,~~945~~100.6184 60 Days 01 0 0 0 01 0201,469.0091 0.00 0.00 0.00 0201,469.0091 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 1419 0 0 0 1419 47,~~546~~019,~~945~~570.6175 0.00 0.00 0.00 47,~~546~~019,~~945~~570.6175 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.~~427350~~555042% 0.000000% 0.000000% 0.000000% 0.~~427350~~555042% 0.~~417714~~631623% 0.000000% 0.000000% 0.000000% 0.~~417714~~631623% 60 Days 0.~~000000~~030836% 0.000000% 0.000000% 0.000000% 0.~~000000~~030836% 0.~~000000~~018664% 0.000000% 0.000000% 0.000000% 0.~~000000~~018664% 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.~~427350~~585877% 0.000000% 0.000000% 0.000000% 0.~~427350~~585877% 0.~~417714~~650287% 0.000000% 0.000000% 0.000000% 0.~~417714~~650287%

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 10 0 0 0 10 2,~~199~~757,~~544~~605.8913 0.00 0.00 0.00 2,~~199~~757,~~544~~605.8913 60 Days 01 0 0 0 01 0201,469.0091 0.00 0.00 0.00 0201,469.0091 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 1011 0 0 0 1011 2,~~199~~959,~~544~~075.8904 0.00 0.00 0.00 2,~~199~~959,~~544~~075.8904 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~473934~~479386% 0.000000% 0.000000% 0.000000% 0.~~473934~~479386% 0.~~423000~~535483% 0.000000% 0.000000% 0.000000% 0.~~423000~~535483% 60 Days 0.~~000000~~047939% 0.000000% 0.000000% 0.000000% 0.~~000000~~047939% 0.~~000000~~039122% 0.000000% 0.000000% 0.000000% 0.~~000000~~039122% 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.~~473934~~527325% 0.000000% 0.000000% 0.000000% 0.~~473934~~527325% 0.~~423000~~574606% 0.000000% 0.000000% 0.000000% 0.~~423000~~574606% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 48 0 0 0 48 24,~~347~~060,~~400~~495.7271 0.00 0.00 0.00 24,~~347~~060,~~400~~495.7271 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 48 0 0 0 48 24,~~347~~060,~~400~~495.7271 0.00 0.00 0.00 24,~~347~~060,~~400~~495.7271 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~343053~~691443% 0.000000% 0.000000% 0.000000% 0.~~343053~~691443% 0.~~412878~~719331% 0.000000% 0.000000% 0.000000% 0.~~412878~~719331% 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.~~343053~~691443% 0.000000% 0.000000% 0.000000% 0.~~343053~~691443% 0.~~412878~~719331% 0.000000% 0.000000% 0.000000% 0.~~412878~~719331%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1219,~~651~~618.4271

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 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. 1 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. 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.

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~747020~~876715% Weighted Average Net Coupon 5.~~372020~~501715% Weighted Average Pass-Through Rate 5.~~365020~~494715% Weighted Average Maturity(Stepdown Calculation) ~~401~~400 Beginning Scheduled Collateral Loan Count 3,~~295~~276 Number Of Loans Paid In Full 1933 Ending Scheduled Collateral Loan Count 3,~~276~~243 Beginning Scheduled Collateral Balance 1,~~093~~090,~~844~~030,~~714~~810.6771 Ending Scheduled Collateral Balance 1,~~090~~081,~~030~~119,~~810~~161.7189 Ending Actual Collateral Balance at 3001-~~Jun~~Aug-2005 1,~~088~~079,~~531~~457,~~855~~340.1662 Monthly P&I Constant 3,~~301~~285,~~991~~657.1494 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 0.00 Unscheduled Principal 510,~~750~~964,~~535~~157.4996

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~820823~~950773 5.~~679120~~808986 5.~~747020~~876715 Weighted Average Net Rate 5.~~445823~~575773 5.~~304120~~433986 5.~~372020~~501715 Weighted Average Maturity ~~394~~393 ~~408~~407 ~~401~~400 Beginning Loan Count 2,~~126~~110 1,~~169~~166 3,~~295~~276 Loans Paid In Full 1624 39 1933 Ending Loan Count 2,~~110~~086 1,~~166~~157 3,~~276~~243 Beginning Scheduled Balance ~~524~~520,~~137~~688,~~098~~059.3228 569,~~707~~342,~~616~~751.3543 1,~~093~~090,~~844~~030,~~714~~810.6771 Ending Scheduled Balance ~~520~~515,~~688~~755,~~059~~330.2885 ~~569~~565,~~342~~363,~~751~~831.4304 1,~~090~~081,~~030~~119,~~810~~161.7189 Record Date 0608/3001/2005 0608/3001/2005 0608/3001/2005 Principal And Interest Constant 1,~~608~~596,~~734~~094.5733 1,~~693~~689,~~256~~563.5761 3,~~301~~285,~~991~~657.1494 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 45,~~382~~918,~~728~~714.7146 15,~~367~~045,~~806~~443.7850 510,~~750~~964,~~535~~157.4996 Scheduled Interest 2,~~542~~582,~~424~~080.2436 2,~~696~~756,~~198~~086.4372 5,~~238~~338,~~622~~167.6708 Servicing Fees ~~163~~162,~~792~~715.8402 ~~178~~177,~~033~~919.6361 ~~341~~340,~~826~~634.4763 Master Servicing Fees 3,~~057~~037.4735 3,~~323~~321.2917 6,~~380~~358.7652 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,~~375~~416,~~573~~327.9399 2,~~514~~574,~~841~~845.5194 4,~~890~~991,~~415~~173.4493 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.~~438823~~568773 5.~~297120~~426986 5.~~365020~~494715

Miscellaneous Reporting Group 1 Available Funds 57,~~892~~471,~~315~~849.9789 Senior Percentage 90.~~549203~~486601% Senior Prepayment Percentage 100.000000% Subordinate Percentage 9.~~450797~~513399% Subordinate Prepayment Percentage 0.000000% Group 2 Available Funds 26,~~888~~653,~~514~~148.9442 Senior Percentage 90.~~564831~~558785% Senior Prepayment Percentage 100.000000% Subordinate Percentage 9.~~435169~~441215% Subordinate Prepayment Percentage 0.000000%

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 1624 45,~~117~~657,~~300~~318.00 45,~~117~~644,~~384~~883.1132 0 0.00 0.00 2 39 14,~~126~~642,~~700~~500.00 14,~~126~~643,~~108~~570.4700 0 0.00 0.00 Total 1933 510,~~244~~299,~~000~~818.00 510,~~243~~288,~~492~~453.5832 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 ~~258~~263,~~362~~653.6010 2 0 0.00 0.00 0 0.00 0.00 ~~240~~393,~~386~~241.1574 Total 0 0.00 0.00 0 0.00 0.00 ~~498~~656,~~748~~894.7584

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 ~~9032748998~~9041263104 CA 5670.0500 01-Mar-2005 ~~315~~302,~~000~~750.00 ~~316~~300,~~126~~059.3009 1 ~~9041354150~~9041297060 CA 32.72 01-Apr-2005 265,000.7300 258,592.99 1 9041300062 CA 75.00 01-Mar-2005 ~~280~~292,~~000~~500.00 ~~279~~294,~~091~~154.5642 1 ~~9041358912~~9041345893 NVCA 7775.1400 01-Apr-2005 ~~216~~273,~~000~~750.00 ~~216~~274,~~404~~145.7679 1 ~~9041365008~~9041357591 AZ 88.09 01-Mar-2005 145,350.00 146,519.94 1 9041374976 CA 7377.9644 01-~~Apr~~Mar-2005 ~~213~~151,000.00 ~~214~~151,~~165~~607.8668 1 ~~9041368077~~9041375338 NVNJ 8070.00 01-Apr-2005 304,500.00 305,095.69 1 9041379249 CA 53.13 01-Mar-2005 ~~268~~170,000.00 ~~268~~170,~~387~~633.2110 1 ~~9041373267~~9041379991 CA 8070.00 01-~~Mar~~Apr-2005 ~~316~~353,~~000~~500.00 ~~317~~354,~~298~~307.8533 1 ~~9041380619~~9041387952 CA 7870.3100 01-~~Mar~~Apr-2005 ~~313~~234,~~250~~500.00 ~~312~~234,~~945~~954.2319 1 ~~9041393661~~9041390022 CA 8090.00 01-Apr-2005 ~~232~~276,750.00 277,364.54 1 9041390113 CA 37.45 01-Apr-2005 191,000.00 ~~231~~191,~~668~~468.8821 1 ~~9041406703~~9041420993 CA 6577.8721 01-Apr-2005 ~~247~~284,900.00 285,885.15 1 9041434259 CA 49.02 01-Apr-2005 250,000.00 ~~247~~251,~~444~~105.6690 1 ~~9041407198~~9041441619 CA 6520.4572 01-Apr-2005 ~~288~~81,000.00 ~~289~~71,~~399~~795.3503 1 ~~9041413618~~9041445768 AZWA 8063.67 01-Apr-2005 191,000.00 190,897.10 1 9041451683 CA 47.37 01-Apr-2005 ~~145~~180,~~600~~000.00 ~~145~~180,~~935~~682.8481 1 ~~9041418120~~9041470592 CA 6075.00 01-May-2005 ~~282~~181,~~000~~500.00 ~~283~~181,~~040~~763.9459 1 ~~9041438797~~9041470600 CA 8061.20 01-May-2005 244,800.00 245,287.54 1 9041480252 CA 36.11 01-May-2005 ~~351~~183,~~200~~800.00 ~~351~~184,~~069~~784.0683 1 ~~9041445537~~9041484288 CA 3772.1073 01-May-2005 ~~230~~192,000.00 ~~230~~192,~~182~~589.7043 1 ~~9041445776~~9041488024 CA 7680.0300 01-~~Apr~~May-2005 ~~296~~348,~~500~~000.00 ~~297~~349,~~295~~068.5234 1 ~~9041508656~~9041494725 AZCA 75.00 01-May-2005 ~~123~~333,750.00 ~~123~~335,~~909~~580.3923 1 9041506783 CA 52.55 01-May-2005 225,968.00 226,718.44 2 ~~9041336645~~9041189127 CA 8575.00 01-~~Mar~~Feb-2005 ~~399~~562,500.00 ~~400~~559,~~249~~865.9256 2 ~~9041463787~~9041308180 CA 8875.4500 01-May-2005 360,000.00 ~~359~~362,~~587~~155.24 2 9041345026 NJ 86.49 01-Apr-2005 493,000.00 494,012.06 2 9041368150 CA 65.88 01-Mar-2005 790,500.00 790,993.55 2 9041405432 CA 89.90 01-Apr-2005 445,000.00 447,632.15 2 ~~9041483389~~9041438664 CA 8368.4568 01-May-2005 ~~367~~364,~~200~~000.00 ~~367~~365,~~582~~312.8239 2 9041439829 CA 57.56 01-Apr-2005 750,000.00 750,587.09 2 9041448945 CA 80.00 01-May-2005 480,000.00 481,667.43 2 9041488305 CA 75.00 01-May-2005 397,500.00 399,976.29

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~9032748998~~9041263104 Loan Paid in Full (1) 6.333% 360 5 1 9041297060 Loan Paid in Full 0 46.~~904~~133% ~~480~~360 4 1 ~~9041354150~~9041300062 Loan Paid in Full 0 6.083% 360 5 1 9041345893 Loan Paid in Full 0 5.~~004~~233% 360 4 1 ~~9041358912~~9041357591 Loan Paid in Full 0 56.~~854~~233% 480 35 1 ~~9041365008~~9041374976 Loan Paid in Full 0 6.~~104~~183% ~~480~~360 35 1 ~~9041368077~~9041375338 Loan Paid in Full 0 6.383% 360 4 1 9041379249 Loan Paid in Full (1) 6.~~004~~033% 360 5 1 9041379991 Loan Paid in Full 1 5.483% 360 4 1 ~~9041373267~~9041387952 Loan Paid in Full 0 65.~~054~~583% 360 4 1 ~~9041380619~~9041390022 Loan Paid in Full 0 5.~~004~~933% 360 4 1 ~~9041393661~~9041390113 Loan Paid in Full 0 5.~~954~~533% 360 34 1 ~~9041406703~~9041420993 Loan Paid in Full 0(1) 5.~~704~~833% 360 34 1 ~~9041407198~~9041434259 Loan Paid in Full 0 5.~~954~~133% 480 34 1 ~~9041413618~~9041441619 Loan Paid in Full 0 6.333% 480 4 1 9041445768 Loan Paid in Full (1) 6.133% 480 4 1 9041451683 Loan Paid in Full 0 5.~~904~~933% 360 34 1 ~~9041418120~~9041470592 Loan Paid in Full 0 65.~~554~~983% ~~480~~360 23 1 ~~9041438797~~9041470600 Loan Paid in Full 0 56.~~154~~083% 360 23 1 ~~9041445537~~9041480252 Loan Paid in Full (1) 56.~~854~~033% 480 3 1 9041484288 Loan Paid in Full 0 6.183% 360 23 1 ~~9041445776~~9041488024 Loan Paid in Full 0 6.~~054~~183% 360 3 1 ~~9041508656~~9041494725 Loan Paid in Full 0 6.~~304~~083% 480 3 1 9041506783 Loan Paid in Full (1) 6.283% 360 23 2 ~~9041336645~~9041189127 Loan Paid in Full 0 5.~~704~~933% 360 6 2 9041308180 Loan Paid in Full (1) 6.283% 480 3 2 9041345026 Loan Paid in Full (1) 5.883% 360 4 2 ~~9041463787~~9041368150 Loan Paid in Full 0 5.~~054~~783% 360 5 2 9041405432 Loan Paid in Full 0 6.083% 480 4 2 ~~9041483389~~9041438664 Loan Paid in Full 0 6.583% 360 3 2 9041439829 Loan Paid in Full 0 5.~~204~~833% 360 4 2 9041448945 Loan Paid in Full 1 5.283% 480 3 2 9041488305 Loan Paid in Full 0 6.383% 480 3

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 01.~~525~~004% Current Month 611.~~119~~404% Current Month 1,~~173~~582.~~864~~650% 3 Month Average 0.~~401~~689% 3 Month Average 47.~~685~~937% 3 Month Average 1,~~488~~570.~~722~~351% 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 1.650% N/A May-2005 1,337.761% N/A Jun-2005 6.287% N/A Jun-2005 1,954.540% N/A Jul-2005 6.119% N/A Jul-2005 1,173.864% N/A Aug-2005 11.404% N/A Aug-2005 1,582.650% 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 01.~~835~~135% Current Month 912.~~569~~796% Current Month 1,~~837~~776.~~493~~970% 3 Month Average 0.~~532~~848% 3 Month Average 69.~~154~~679% 3 Month Average 1,~~910~~896.~~374~~424% 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 2.219% N/A May-2005 1,818.818% N/A Jun-2005 6.673% N/A Jun-2005 2,074.810% N/A Jul-2005 9.569% N/A Jul-2005 1,837.493% N/A Aug-2005 12.796% N/A Aug-2005 1,776.970% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 0.~~240~~885% Current Month 210.~~838~~113% Current Month ~~544~~1,402.~~062~~672% 3 Month Average 0.~~281~~544% 3 Month Average 36.~~298~~294% 3 Month Average 1,~~096~~263.~~311~~403% 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 1.123% N/A May-2005 901.398% N/A Jun-2005 5.932% N/A Jun-2005 1,843.474% N/A Jul-2005 2.838% N/A Jul-2005 544.062% N/A Aug-2005 10.113% N/A Aug-2005 1,402.672% 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 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A 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 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A 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 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A 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 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A 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 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A 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 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A 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 · DSLA Mortgage Loan Trust 2005-AR2