8-K 1 sam05ar1_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 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2005-AR1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-31 Pooling and Servicing Agreement) (Commission 54-2169502 (State or other File Number) 54-2169503 jurisdiction 54-2169504 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 19, 2005 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., 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. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. 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

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 68/301/052005 Distribution Date: 78/19/052005 Structured Asset Mortgage Investments Inc. 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 A-1 86359LGS2 SEN 3.~~50000~~65688% ~~482~~444,~~650~~163,~~797~~264.1112 1,~~406~~350,~~299~~391.9320 A-2 86359LGT0 SEN 2.~~66448~~97436% ~~187~~175,~~758~~568,~~669~~385.0311 ~~416~~434,~~474~~156.9308 M 86359LGZ6 MEZ 3.~~71000~~86688% 12,~~670~~669,~~037~~850.1308 3940,~~131~~732.7025 B-1 86359LHA0 SUB 3.~~76000~~91688% 19,209,~~295~~011.0041 6062,~~127~~553.9249 B-2 86359LHB8 SUB 34.~~96000~~11688% 13,078,~~715~~522.7466 4344,~~115~~764.8744 B-3 86359LHC6 SUB 4.~~66000~~81688% 9,~~809~~808,~~086~~941.8199 3839,~~053~~282.2206 B-4 86359LHD4 SUB 45.~~84931~~01484% 4,495,~~864~~798.7841 18,~~149~~744.7333 B-5 86359LHE2 SUB 45.~~84931~~01484% 2,861,~~050~~008.3108 11,~~550~~928.0140 B-6 86359LHF9 SUB 45.~~84931~~01484% 7,356,~~837~~728.1049 2930,~~699~~672.4341 X-1 86359LGU7 SEN 1.~~46397~~41687% 0.00 ~~654~~587,~~969~~726.8757 X-2 86359LGV5 SEN 1.73000% 0.00 ~~270~~252,~~410~~521.1568 R-1 86359LGW3 RES 45.~~92910~~00413% 0.00 0.00 R-2 86359LGX1 RES 45.~~92910~~00413% 0.00 0.00 R-3 86359LGY9 RES 45.~~92910~~00413% 0.00 0.9264 Totals ~~739~~689,~~890~~211,~~353~~510.0135 2,~~987~~873,~~983~~473.6855

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 3832,~~487~~679,~~532~~286.9979 0.00 ~~444~~411,~~163~~483,~~264~~977.1233 3934,~~893~~029,~~832~~677.9299 0.00 A-2 1213,~~190~~936,~~283~~841.9202 0.00 ~~175~~161,~~568~~631,~~385~~544.1109 1214,~~606~~370,~~758~~997.8510 0.00 M ~~187~~186.0522 0.00 12,669,~~850~~663.0886 3940,~~318~~918.7547 0.00 B-1 ~~283~~282.5933 0.00 19,~~209~~208,~~011~~729.4108 6062,~~411~~835.5182 0.00 B-2 ~~193~~192.0822 0.00 13,078,~~522~~330.6644 4344,~~308~~956.9566 0.00 B-3 144.8117 0.00 9,808,~~941~~797.9982 3839,~~198~~426.0323 0.00 B-4 66.3708 0.00 4,495,~~798~~732.4133 18,~~216~~810.1041 0.00 B-5 42.2405 0.00 2,~~861~~860,~~008~~966.0803 11,~~592~~970.2545 0.00 B-6 108.6113 0.00 7,356,~~728~~620.4937 2930,~~808~~780.0454 0.00 X-1 0.00 0.00 0.00 ~~654~~587,~~969~~726.8757 0.00 X-2 0.00 0.00 0.00 ~~270~~252,~~410~~521.1568 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.9264 0.00 Totals 5046,~~678~~617,~~842~~149.6601 0.00 ~~689~~642,~~211~~594,~~510~~361.35 5349,~~666~~490,~~826~~622.3456 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) A-1 536,229,300.00 ~~482~~444,~~650~~163,~~797~~264.1112 ~~134~~93.2604 3832,~~487~~679,~~398~~193.7375 0.00 0.00 A-2 211,745,300.00 ~~187~~175,~~758~~568,~~669~~385.0311 9,~~660~~023.7067 1213,~~180~~927,~~623~~817.2235 0.00 0.00 M 12,670,700.00 12,~~670~~669,~~037~~850.1308 ~~187~~186.0522 0.00 0.00 0.00 B-1 19,210,300.00 19,209,~~295~~011.0041 ~~283~~282.5933 0.00 0.00 0.00 B-2 13,079,400.00 13,078,~~715~~522.7466 ~~193~~192.0822 0.00 0.00 0.00 B-3 9,809,600.00 9,~~809~~808,~~086~~941.8199 144.8117 0.00 0.00 0.00 B-4 4,496,100.00 4,495,~~864~~798.7841 66.3708 0.00 0.00 0.00 B-5 2,861,200.00 2,861,~~050~~008.3108 42.2405 0.00 0.00 0.00 B-6 7,357,222.00 7,356,~~837~~728.1049 108.6113 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 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 Totals 817,459,272.00 ~~739~~689,~~890~~211,~~353~~510.0135 10,~~820~~137.7191 5046,~~668~~607,~~021~~011.9510 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 A-1 3832,~~487~~679,~~532~~286.9979 ~~444~~411,~~163~~483,~~264~~977.1233 0.~~82830846~~76736571 3832,~~487~~679,~~532~~286.9979 A-2 1213,~~190~~936,~~283~~841.9202 ~~175~~161,~~568~~631,~~385~~544.1109 0.~~82914891~~76333002 1213,~~190~~936,~~283~~841.9202 M ~~187~~186.0522 12,669,~~850~~663.0886 0.~~99993292~~99991823 ~~187~~186.0522 B-1 ~~283~~282.5933 19,~~209~~208,~~011~~729.4108 0.~~99993292~~99991823 ~~283~~282.5933 B-2 ~~193~~192.0822 13,078,~~522~~330.6644 0.~~99993292~~99991823 ~~193~~192.0822 B-3 144.8117 9,808,~~941~~797.9982 0.~~99993292~~99991823 144.8117 B-4 66.3708 4,495,~~798~~732.4133 0.~~99993292~~99991822 66.3708 B-5 42.2405 2,~~861~~860,~~008~~966.0803 0.~~99993292~~99991823 42.2405 B-6 108.6113 7,356,~~728~~620.4937 0.~~99993292~~99991823 108.6113 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 5046,~~678~~617,~~842~~149.6601 ~~689~~642,~~211~~594,~~510~~361.35 0.~~84311419~~78608731 5046,~~678~~617,~~842~~149.6601

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 536,229,300.00 ~~900~~828.~~08285096~~30845707 0.~~00025038~~00017351 7160.~~77414351~~94257391 0.00000000 A-2 211,745,300.00 ~~886~~829.~~71941729~~14891197 0.~~04562415~~04261568 5765.~~52488117~~77627626 0.00000000 M 12,670,700.00 999.~~94768482~~93292241 0.~~01476240~~01469690 0.00000000 0.00000000 B-1 19,210,300.00 999.~~94768432~~93292192 0.~~01476239~~01469680 0.00000000 0.00000000 B-2 13,079,400.00 999.~~94768414~~93292200 0.~~01476215~~01469639 0.00000000 0.00000000 B-3 9,809,600.00 999.~~94768492~~93292183 0.~~01476207~~01469683 0.00000000 0.00000000 B-4 4,496,100.00 999.~~94768355~~93292187 0.~~01476168~~01469718 0.00000000 0.00000000 B-5 2,861,200.00 999.~~94768279~~93292325 0.~~01476304~~01469663 0.00000000 0.00000000 B-6 7,357,222.00 999.~~94768406~~93292169 0.~~01476237~~01469712 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 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 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 A-1 0.00000000 7160.~~77439388~~94274742 ~~828~~767.~~30845707~~36570965 0.~~82830846~~76736571 7160.~~77439388~~94274742 A-2 0.00000000 5765.~~57050532~~81889194 ~~829~~763.~~14891197~~33002003 0.~~82914891~~76333002 5765.~~57050532~~81889194 M 0.00000000 0.~~01476240~~01469690 999.~~93292241~~91822551 0.~~99993292~~99991823 0.~~01476240~~01469690 B-1 0.00000000 0.~~01476239~~01469680 999.~~93292192~~91822512 0.~~99993292~~99991823 0.~~01476239~~01469680 B-2 0.00000000 0.~~01476215~~01469639 999.~~93292200~~91822561 0.~~99993292~~99991823 0.~~01476215~~01469639 B-3 0.00000000 0.~~01476207~~01469683 999.~~93292183~~91822500 0.~~99993292~~99991823 0.~~01476207~~01469683 B-4 0.00000000 0.~~01476168~~01469718 999.~~93292187~~91822468 0.~~99993292~~99991822 0.~~01476168~~01469718 B-5 0.00000000 0.~~01476304~~01469663 999.~~93292325~~91822662 0.~~99993292~~99991823 0.~~01476304~~01469663 B-6 0.00000000 0.~~01476237~~01469712 999.~~93292169~~91822593 0.~~99993292~~99991823 0.~~01476237~~01469712 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 A-1 536,229,300.00 3.~~50000~~65688% ~~482~~444,~~650~~163,~~797~~264.1112 1,~~407~~353,~~731~~543.4913 0.00 0.00 A-2 211,745,300.00 2.~~66448~~97436% ~~187~~175,~~758~~568,~~669~~385.0311 ~~416~~435,~~898~~169.8943 0.00 0.00 M 12,670,700.00 3.~~71000~~86688% 12,~~670~~669,~~037~~850.1308 3940,~~171~~827.5332 0.00 0.00 B-1 19,210,300.00 3.~~76000~~91688% 19,209,~~295~~011.0041 6062,~~189~~699.1249 0.00 0.00 B-2 13,079,400.00 34.~~96000~~11688% 13,078,~~715~~522.7466 4344,~~159~~868.7692 0.00 0.00 B-3 9,809,600.00 4.~~66000~~81688% 9,~~809~~808,~~086~~941.8199 3839,~~091~~373.9575 0.00 0.00 B-4 4,496,100.00 45.~~84931~~01484% 4,495,~~864~~798.7841 18,~~168~~788.2109 0.00 0.00 B-5 2,861,200.00 45.~~84931~~01484% 2,861,~~050~~008.3108 11,~~561~~956.7724 0.00 0.00 B-6 7,357,222.00 45.~~84931~~01484% 7,356,~~837~~728.1049 2930,~~729~~744.6600 0.00 0.00 X-1 0.00 1.~~46397~~41687% ~~537~~498,~~417~~929,~~931~~590.7926 ~~655~~589,~~636~~098.6037 0.00 0.00 X-2 0.00 1.73000% ~~187~~175,~~758~~568,~~669~~385.0311 ~~270~~253,~~685~~111.4109 0.00 0.00 R-1 50.00 45.~~92910~~00413% 0.00 0.00 0.00 0.00 R-2 50.00 45.~~92910~~00413% 0.00 0.00 0.00 0.00 R-3 50.00 45.~~92910~~00413% 0.00 0.00 0.00 0.00 Totals 817,459,272.00 2,~~991~~880,~~024~~179.3983 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 A-1 13,~~431~~151.5693 0.00 1,~~406~~350,~~299~~391.9320 0.00 ~~444~~411,~~163~~483,~~264~~977.1233 A-2 ~~423~~1,013.9636 0.00 ~~416~~434,~~474~~156.9308 0.00 ~~175~~161,~~568~~631,~~385~~544.1109 M 3995.8307 0.00 3940,~~131~~732.7025 0.00 12,669,~~850~~663.0886 B-1 61146.2101 0.00 6062,~~127~~553.9249 0.00 19,~~209~~208,~~011~~729.4108 B-2 43104.8948 0.00 4344,~~115~~764.8744 0.00 13,078,~~522~~330.6644 B-3 3891.7469 0.00 3839,~~053~~282.2206 0.00 9,808,~~941~~797.9982 B-4 1843.4875 0.00 18,~~149~~744.7333 0.00 4,495,~~798~~732.4133 B-5 1127.7684 0.00 11,~~550~~928.0140 0.00 2,~~861~~860,~~008~~966.0803 B-6 3071.2359 0.00 2930,~~699~~672.4341 0.00 7,356,~~728~~620.4937 X-1 ~~666~~1,371.7481 0.00 ~~654~~587,~~969~~726.8757 0.00 ~~498~~466,~~929~~249,~~590~~498.2654 X-2 ~~275~~589.2741 0.00 ~~270~~252,~~410~~521.1568 0.00 ~~175~~161,~~568~~631,~~385~~544.1109 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.9264 0.00 0.00 Totals 36,~~041~~706.6794 0.00 2,~~987~~873,~~983~~473.6855 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 A-1 536,229,300.00 3.~~50000~~65688% ~~900~~828.~~08285096~~30845707 2.~~62524165~~52418719 0.00000000 0.00000000 A-2 211,745,300.00 2.~~66448~~97436% ~~886~~829.~~71941729~~14891197 12.~~96886963~~05515508 0.00000000 0.00000000 M 12,670,700.00 3.~~71000~~86688% 999.~~94768482~~93292241 3.~~09150481~~22218346 0.00000000 0.00000000 B-1 19,210,300.00 3.~~76000~~91688% 999.~~94768432~~93292192 3.~~13316919~~26384752 0.00000000 0.00000000 B-2 13,079,400.00 34.~~96000~~11688% 999.~~94768414~~93292200 3.~~29982721~~43050293 0.00000000 0.00000000 B-3 9,809,600.00 4.~~66000~~81688% 999.~~94768492~~93292183 34.~~88312979~~01379771 0.00000000 0.00000000 B-4 4,496,100.00 45.~~84931~~01484% 999.~~94768355~~93292187 4.~~04088210~~17875270 0.00000000 0.00000000 B-5 2,861,200.00 45.~~84931~~01484% 999.~~94768279~~93292325 4.~~04088145~~17875017 0.00000000 0.00000000 B-6 7,357,222.00 45.~~84931~~01484% 999.~~94768406~~93292169 4.~~04088119~~17875116 0.00000000 0.00000000 X-1 0.00 1.~~46397~~41687% ~~909~~844.~~33767906~~21350458 10.~~10936950~~99678353 0.00000000 0.00000000 X-2 0.00 1.73000% ~~886~~829.~~71941729~~14891197 1.~~27835381~~19535636 0.00000000 0.00000000 R-1 50.00 45.~~92910~~00413% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 45.~~92910~~00413% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 45.~~92910~~00413% 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 A-1 0.~~00266968~~00587795 0.00000000 2.~~62257197~~51830924 0.00000000 ~~828~~767.~~30845707~~36570965 A-2 0.~~00200222~~00478575 0.00000000 12.~~96686741~~05036938 0.00000000 ~~829~~763.~~14891197~~33002003 M 0.~~00314347~~00750314 0.00000000 3.~~08836134~~21468033 0.00000000 999.~~93292241~~91822551 B-1 0.~~00318631~~00760061 0.00000000 3.~~12998339~~25624743 0.00000000 999.~~93292192~~91822512 B-2 0.~~00335566~~00798813 0.00000000 3.~~29647155~~42251479 0.00000000 999.~~93292200~~91822561 B-3 0.~~00394919~~00934697 0.00000000 34.~~87918162~~00445074 0.00000000 999.~~93292183~~91822500 B-4 0.~~00411023~~00973066 0.00000000 4.~~03677187~~16901982 0.00000000 999.~~93292187~~91822468 B-5 0.~~00411016~~00973018 0.00000000 4.~~03677128~~16901999 0.00000000 999.~~93292325~~91822662 B-6 0.~~00410889~~00973057 0.00000000 4.~~03677230~~16902059 0.00000000 999.~~93292169~~91822593 X-1 0.~~00112816~~00232117 0.00000000 10.~~10824136~~99446238 0.00000000 ~~844~~788.~~21350458~~91717560 X-2 0.~~00130001~~00278358 0.00000000 1.~~27705385~~19257277 0.00000000 ~~829~~763.~~14891197~~33002003 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 1812.~~40000000~~80000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5349,~~936~~668,~~972~~848.1266 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1649,~~328~~568.1079 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5349,~~953~~718,~~300~~417.2245 Withdrawals Reimbursement for Servicer Advances 5916,~~605~~328.1910 Payment of Service Fee ~~226~~211,~~868~~466.6979 Payment of Interest and Principal 5349,~~666~~490,~~826~~622.3456 Total Withdrawals (Pool Distribution Amount) 5349,~~953~~718,~~300~~417.2245 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 36,~~041~~706.6794 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 36,~~041~~706.6794

SERVICING FEES Gross Servicing Fee 9488,~~863~~968.5798 Additional Servicing Fee ~~130~~121,~~463~~061.6895 Master Servicing Fee 1,~~541~~435.4486 Miscellaneous Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~226~~211,~~868~~466.6979

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 01 0 0 01 0305,000.00 0.00 0.00 0305,000.00 30 Days 030 0 0 0 030 06,883,902.0068 0.00 0.00 0.00 06,883,902.0068 60 Days 78 0 0 0 78 1,~~770~~723,~~351~~591.9200 0.00 0.00 0.00 1,~~770~~723,~~351~~591.9200 90 Days 63 0 0 0 63 1865,~~635,785~~489.9567 0.00 0.00 0.00 1865,~~635,785~~489.9567 120 Days 02 01 02 0 05 0397,935.0096 076,000.00 0957,599.0099 0.00 01,431,535.0095 150 Days 01 0 0 0 01 0159,970.00 0.00 0.00 0.00 0159,970.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1344 02 02 0 1348 310,~~406~~030,~~137~~889.8731 0381,000.00 0957,599.0099 0.00 311,~~406~~369,~~137~~489.8730 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~~040128% 0.000000% 0.000000% 0.~~000000~~040128% 0.~~000000~~047463% 0.000000% 0.000000% 0.~~000000~~047463% 30 Days 01.~~000000~~203852% 0.000000% 0.000000% 0.000000% 01.~~000000~~203852% 01.~~000000~~071257% 0.000000% 0.000000% 0.000000% 01.~~000000~~071257% 60 Days 0.~~266464~~321027% 0.000000% 0.000000% 0.000000% 0.~~266464~~321027% 0.~~256863~~268221% 0.000000% 0.000000% 0.000000% 0.~~256863~~268221% 90 Days 0.~~228397~~120385% 0.000000% 0.000000% 0.000000% 0.~~228397~~120385% 0.~~237339~~134685% 0.000000% 0.000000% 0.000000% 0.~~237339~~134685% 120 Days 0.~~000000~~080257% 0.~~000000~~040128% 0.~~000000~~080257% 0.000000% 0.~~000000~~200642% 0.~~000000~~061926% 0.~~000000~~011827% 0.~~000000~~149019% 0.000000% 0.~~000000~~222772% 150 Days 0.~~000000~~040128% 0.000000% 0.000000% 0.000000% 0.~~000000~~040128% 0.~~000000~~024894% 0.000000% 0.000000% 0.000000% 0.~~000000~~024894% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~494861~~765650% 0.~~000000~~080257% 0.~~000000~~080257% 0.000000% 01.~~494861~~926164% 01.~~494202~~560983% 0.~~000000~~059290% 0.~~000000~~149019% 0.000000% 01.~~494202~~769293%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 01 0 0 01 0305,000.00 0.00 0.00 0305,000.00 30 Days 018 0 0 0 018 04,162,940.0098 0.00 0.00 0.00 04,162,940.0098 60 Days 6 0 0 0 6 1,~~594~~240,~~939~~041.6600 0.00 0.00 0.00 1,~~594~~240,~~939~~041.6600 90 Days 53 0 0 0 53 1865,~~431,535~~489.9567 0.00 0.00 0.00 1865,~~431,535~~489.9567 120 Days 02 01 02 0 05 0397,935.0096 076,000.00 0957,599.0099 0.00 01,431,535.0095 150 Days 01 0 0 0 01 0159,970.00 0.00 0.00 0.00 0159,970.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1130 02 02 0 1134 36,~~026~~826,~~475~~377.61 0381,000.00 0957,599.0099 0.00 38,~~026~~164,~~475~~977.6160 0-29 Days 0.~~000000~~055096% 0.000000% 0.000000% 0.~~000000~~055096% 0.~~000000~~066118% 0.000000% 0.000000% 0.~~000000~~066118% 30 Days 0.~~000000~~991736% 0.000000% 0.000000% 0.000000% 0.~~000000~~991736% 0.~~000000~~902440% 0.000000% 0.000000% 0.000000% 0.~~000000~~902440% 60 Days 0.~~314630~~330579% 0.000000% 0.000000% 0.000000% 0.~~314630~~330579% 0.~~322877~~268815% 0.000000% 0.000000% 0.000000% 0.~~322877~~268815% 90 Days 0.~~262192~~165289% 0.000000% 0.000000% 0.000000% 0.~~262192~~165289% 0.~~289798~~187620% 0.000000% 0.000000% 0.000000% 0.~~289798~~187620% 120 Days 0.~~000000~~110193% 0.~~000000~~055096% 0.~~000000~~110193% 0.000000% 0.~~000000~~275482% 0.~~000000~~086264% 0.~~000000~~016475% 0.~~000000~~207588% 0.000000% 0.~~000000~~310328% 150 Days 0.~~000000~~055096% 0.000000% 0.000000% 0.000000% 0.~~000000~~055096% 0.~~000000~~034678% 0.000000% 0.000000% 0.000000% 0.~~000000~~034678% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~576822~~652893% 0.~~000000~~110193% 0.~~000000~~110193% 0.000000% 01.~~576822~~873278% 01.~~612675~~479819% 0.~~000000~~082593% 0.~~000000~~207588% 0.000000% 01.~~612675~~770000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 012 0 0 0 012 02,720,961.0070 0.00 0.00 0.00 02,720,961.0070 60 Days 12 0 0 0 12 ~~175~~483,~~412~~550.2600 0.00 0.00 0.00 ~~175~~483,~~412~~550.2600 90 Days 10 0 0 0 10 ~~204,250~~0.00 0.00 0.00 0.00 ~~204,250~~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 214 0 0 0 214 ~~379~~3,~~662~~204,511.2670 0.00 0.00 0.00 ~~379~~3,~~662~~204,511.2670 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~772526% 0.000000% 0.000000% 0.000000% 01.~~000000~~772526% 01.~~000000~~500786% 0.000000% 0.000000% 0.000000% 01.~~000000~~500786% 60 Days 0.~~138889~~295421% 0.000000% 0.000000% 0.000000% 0.~~138889~~295421% 0.~~089843~~266709% 0.000000% 0.000000% 0.000000% 0.~~089843~~266709% 90 Days 0.~~138889~~000000% 0.000000% 0.000000% 0.000000% 0.~~138889~~000000% 0.~~104614~~000000% 0.000000% 0.000000% 0.000000% 0.~~104614~~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 02.~~277778~~067947% 0.000000% 0.000000% 0.000000% 02.~~277778~~067947% 01.~~194457~~767495% 0.000000% 0.000000% 0.000000% 01.~~194457~~767495%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1649,~~328~~568.1079

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. Group I 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. Group II 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 02 ~~Aug~~Sep-04 0.000% Original Principal Balance 0957,600.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0957,599.0099 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 02 ~~Jan~~Feb-05 0.000% Original Principal Balance 0957,600.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0957,599.0099 ~~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~~149% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group I 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 02 ~~Aug~~Sep-04 0.000% Original Principal Balance 0957,600.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0957,599.0099 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 02 ~~Jan~~Feb-05 0.000% Original Principal Balance 0957,600.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0957,599.0099 ~~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~~208% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group II 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 Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance NoGroup ~~Foreclosure~~I ~~loans~~0085086221 ~~this~~Aug-2005 ~~period~~01-Dec-2004 CA 80.00 468,000.00 Group I 0085382331 Aug-2005 01-Jan-2005 MI 80.00 489,600.00

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 NoGroup ~~Foreclosure~~I ~~loans~~0085086221 ~~this~~468,000.00 ~~period~~01-Mar-2005 4 6.125% 11,407.50 Group I 0085382331 489,599.99 01-Mar-2005 4 6.375% 11,985.00

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~218589~~382313% Weighted Average Net Coupon 5.~~064733~~227407% Weighted Average Pass-Through Rate 45.~~850639~~014124% Weighted Average Maturity(Stepdown Calculation) ~~352~~351 Beginning Scheduled Collateral Loan Count 2,~~763~~627 Number Of Loans Paid In Full ~~136~~135 Ending Scheduled Collateral Loan Count 2,~~627~~492 Beginning Scheduled Collateral Balance ~~739~~689,~~890~~211,~~352~~510.7305 Ending Scheduled Collateral Balance ~~689~~642,~~211~~594,~~510~~361.05 Ending Actual Collateral Balance at 3001-~~Jun~~Aug-2005 ~~689~~642,~~219~~600,~~669~~640.3748 Monthly P&I Constant 3,~~228~~101,~~473~~431.6632 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 10,~~820~~137.7390 Unscheduled Principal 5046,~~668~~607,~~021~~011.9510

Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 5.~~405840~~514052 45.~~737912~~048990 5.~~218589~~382313 Weighted Average Net Rate 5.~~295659~~402869 4.~~471941~~783457 5.~~064733~~227407 Weighted Average Maturity ~~351~~350 ~~353~~ 352 351 Beginning Loan Count 21,~~010~~907 ~~753~~720 2,~~763~~627 Loans Paid In Full ~~103~~92 3343 ~~136~~135 Ending Loan Count 1,~~907~~815 ~~720~~677 2,~~627~~492 Beginning Scheduled Balance ~~532~~493,~~464~~977,~~960~~413.7590 ~~207~~195,~~425~~234,~~391~~096.9815 ~~739~~689,~~890~~211,~~352~~510.7305 Ending Scheduled Balance ~~493~~461,~~977~~298,~~413~~116.9068 ~~195~~181,~~234~~296,~~096~~244.1537 ~~689~~642,~~211~~594,~~510~~361.05 Record Date 0608/3001/2005 0608/3001/2005 0608/3001/2005 Principal And Interest Constant 2,~~398~~269,~~831~~950.6898 ~~829~~831,~~641~~480.9834 3,~~228~~101,~~473~~431.6632 Scheduled Principal ~~148~~103.1247 10,~~672~~034.6143 10,~~820~~137.7390 Unscheduled Principal 3832,~~487~~679,~~398~~193.7375 1213,~~180~~927,~~623~~817.2235 5046,~~668~~607,~~021~~011.9510 Scheduled Interest 2,~~398~~269,~~683~~847.5651 ~~818~~821,~~969~~445.3791 3,~~217~~091,~~652~~293.9342 Servicing Fees 4845,~~889~~768.2902 4543,~~974~~200.2896 9488,~~863~~968.5798 Master Servicing Fees 1,~~109~~029.3012 ~~432~~406.1474 1,~~541~~435.4486 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 ~~117~~108,~~506~~599.0192 12,~~957~~462.6703 ~~130~~121,~~463~~061.6895 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,~~231~~114,~~178~~450.9645 ~~759~~765,~~605~~376.2818 2,~~990~~879,~~784~~826.2463 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.~~028340~~136552 4.~~394478~~704360 45.~~850639~~014124

Miscellaneous Reporting Group Group I Average Loss Severity Percentage Gr I 0.000000% Senior Percentage Group I 9089.~~644612~~915703% Senior Prepayment Percentage Group I 100.000000% Sen Mez & Sub Percentage Group I 910.~~355388~~084297% Subordinate Prepayment Percentage Gr I 0.000000% Group Group II Average Loss Severity Percentage Gr II 0.000000% Senior Percentage Group II 9089.~~518653~~927113% Senior Prepayment Percentage Group II 100.000000% Sen Mez & Sub Percentage Group II 910.~~481347~~072887% Subordinate Prepayment Percentage Gr II 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 Group I ~~103~~92 3832,~~383~~801,~~490~~602.00 3832,~~211~~587,~~652~~063.4756 0 0.00 0.00 Group II 3343 1113,~~952~~909,~~380~~176.00 1113,~~918~~888,~~912~~286.9045 0 0.00 0.00 Total ~~136~~135 5046,~~335~~710,~~870~~778.00 5046,~~130~~475,~~565~~350.3701 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 Group I 0 0.00 0.00 0 0.00 0.00 ~~275~~92,~~746~~130.2619 Group II 0 0.00 0.00 0 0.00 0.00 ~~261~~40,~~710~~208.3278 Total 0 0.00 0.00 0 0.00 0.00 ~~537~~132,~~456~~338.5897

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0003023059~~0003024294 MN 8078.0030 01-~~Feb~~Mar-2005 ~~224~~184,000.00 ~~224~~184,000.00 Group I ~~0005654801~~0003902951 FLSC 7580.00 01-~~Nov~~Mar-~~2004~~2005 ~~562~~760,~~500~~000.00 ~~562~~759,~~500~~829.0079 Group I ~~0016006486~~0005668025 CAGA 5580.5600 01-~~Dec~~Nov-2004 2400,~~500,~~000.00 2400,~~500,~~000.00 Group I ~~0016007587~~0028502677 CANJ 8074.0008 01-~~Jan~~Dec-~~2005~~2004 ~~656~~463,000.00 ~~656~~460,~~000~~038.0062 Group I ~~0021025437~~0028503020 CAMA 78.0268 01-Jan-2005 ~~316~~214,~~000~~800.00 ~~315~~214,~~778~~800.8600 Group I ~~0021026676~~0041463422 CAFL 7079.5241 01-~~Jan~~Nov-~~2005~~2004 ~~296~~135,~~200~~000.00 ~~296~~134,~~200~~999.0097 Group I ~~0042095491~~0041546190 GAAL 8079.0044 01-~~Nov~~Dec-2004 ~~145~~397,~~600~~250.00 ~~145~~390,~~600~~733.0071 Group I ~~0042113205~~0041828009 ALNC 8064.0055 01-~~Nov~~Dec-2004 ~~127~~1,~~240~~113,670.00 ~~127~~1,~~177~~110,734.7995 Group I ~~0042118802~~0041959350 FL 80.00 01-~~Nov~~Oct-2004 ~~148~~158,~~000~~400.00 ~~147~~158,~~931~~400.1000 Group I ~~0042149664~~0042000282 SCNC 5058.0050 01-Dec-2004 ~~475~~877,~~000~~500.00 ~~475~~869,~~000~~690.0080 Group I ~~0042178842~~0042117285 VANC 7772.9830 01-~~Feb~~Nov-~~2005~~2004 ~~700~~188,000.00 ~~649~~186,~~500~~078.0159 Group I ~~0042229704~~0042131355 FL 7380.5800 01-~~Feb~~Dec-~~2005~~2004 ~~100~~105,~~000~~200.00 99105,~~957~~200.0900 Group I ~~0059002553~~0042196510 WANC 7480.8500 01-Jan-2005 ~~200~~84,~~600~~000.00 ~~200~~83,~~600~~954.0096 Group I ~~0070003318~~0042217567 AZFL 6872.8473 01-~~Jan~~Feb-2005 ~~420~~280,000.00 ~~420~~279,~~000~~943.0012 Group I ~~0076000113~~0070003357 TXAZ 8070.00 01-Jan-2005 ~~260~~262,~~400~~500.00 ~~260~~261,~~400~~415.0084 Group I ~~0080005950~~0070003448 CAAZ 7880.3600 01-~~Jan~~Feb-2005 ~~478~~216,000.00 ~~476~~214,~~802~~245.4638 Group I ~~0080005984~~0080005870 CA 5956.4577 01-Dec-2004 ~~550~~545,000.00 ~~549~~531,~~998~~898.0066 Group I ~~0080006014~~0080005942 CA 5746.4448 01-~~Dec-2004 675,000.00 582,039.06 Group I 0080006016 CA 65.95 01-~~Jan-2005 ~~620~~999,~~000~~500.00 ~~620~~999,~~000~~500.00 Group I ~~0080006245~~0080006456 CA 4175.9100 01-Feb-2005 ~~285~~1,050,000.00 ~~280~~1,~~580~~044,583.2974 Group I ~~0082270216~~0082315946 CAAZ 5368.9733 01-Sep-2003 ~~537~~86,~~000~~100.00 ~~521~~86,~~662~~100.4200 Group I ~~0084546381~~0084767854 MAFL 7579.0098 01-~~Sep~~Nov-2004 ~~283~~607,~~500~~700.00 ~~282~~607,~~306~~700.3200 Group I ~~0084612001~~0084785690 CAWA 9580.00 01-~~Oct~~Dec-2004 ~~460~~196,~~750~~800.00 ~~460~~196,~~750~~800.00 Group I ~~0084736917~~0084829423 FLCA 80.00 01-~~Oct~~Nov-2004 ~~310~~224,~~400~~000.00 ~~310~~223,~~340~~879.1692 Group I ~~0084747344~~0084860287 MIPA 8079.0098 01-Dec-2004 ~~100~~144,~~800~~700.00 ~~100~~144,~~800~~699.0098 Group I ~~0084799949~~0084909373 CASC 8078.0041 01-Nov-2004 ~~180~~51,~~000~~750.00 ~~180~~51,~~000~~736.0078 Group I ~~0084812668~~0084912559 NHCA 80.00 01-~~Nov~~Dec-2004 ~~253~~592,~~600~~000.00 ~~253~~591,~~300~~952.0077 Group I ~~0084813906~~0084920255 PAOH 9070.0091 01-Nov-2004 ~~110~~156,~~700~~000.00 ~~110~~155,~~688~~872.4724 Group I ~~0084825009~~0084930908 CANV 8079.0097 01-Nov-2004 ~~472~~166,~~000~~200.00 ~~471~~166,~~723~~182.6867 Group I ~~0084853365~~0084940220 AZIL 7980.9800 01-~~Dec~~Nov-2004 ~~144~~332,~~700~~000.00 ~~144~~331,~~448~~720.9546 Group I ~~0084881648~~0084955889 CA ~~79.~~75.00 01-Nov-2004 ~~384~~300,000.00 ~~384~~300,000.00 Group I ~~0084881929~~0084983386 WACA 7980.8300 01-Dec-2004 ~~395~~286,~~950~~400.00 ~~395~~286,~~949~~400.9900 Group I ~~0084892900~~0085007896 CA 7080.9400 01-Nov-2004 74348,~~500~~000.00 74348,~~500~~000.00 Group I ~~0084893932~~0085036911 CAMD 7380.3700 01-Nov-2004 ~~678~~218,~~700~~800.00 ~~678~~218,~~700~~799.0098 Group I ~~0084941475~~0085043016 FLIL 80.00 01-Nov-2004 ~~328~~148,000.00 ~~328~~147,~~000~~999.0099 Group I ~~0084954924~~0085045045 OHCA 8976.9892 01-~~Nov~~Dec-2004 83500,~~600~~000.00 83499,~~596~~666.6465 Group I ~~0084961788~~0085047256 CANJ 7980.9800 01-~~Nov~~Dec-2004 ~~286~~174,~~350~~400.00 ~~286~~174,~~350~~400.00 Group I ~~0084981059~~0085053239 COVA 80.00 01-Nov-2004 ~~496~~642,000.00 ~~495~~641,~~999~~857.98 Group I ~~0084981927~~0085075695 OHWA 7980.3400 01-~~Nov~~Dec-2004 ~~123~~212,000.00 ~~122~~212,~~964~~000.2500 Group I ~~0084986314~~0085079929 ILRI 80.00 01-~~Nov~~Dec-2004 ~~242~~232,~~400~~000.00 ~~242~~232,~~400~~000.00 Group I ~~0085000560~~0085093136 CAMD 80.00 01-Dec-2004 ~~585~~238,~~200~~400.00 ~~585~~238,~~199~~399.2998 Group I ~~0085015980~~0085117034 AZCO 8079.0004 01-Jan-2005 ~~164~~132,000.00 ~~164~~130,~~000~~999.0084 Group I ~~0085018117~~0085117430 ILVA 80.00 01-Nov-2004 ~~382~~390,~~000~~400.00 ~~381~~390,~~989~~400.5100 Group I ~~0085042661~~0085141570 FLCA 80.00 01-Dec-2004 ~~272~~262,~~000~~800.00 ~~270~~262,~~445~~745.6025 Group I ~~0085052165~~0085143022 CAWA 8069.0063 01-~~Nov~~Dec-2004 ~~800~~191,~~000.00 800,000.00 Group I 0085087351 MA 68.27 01-Feb-2005 302,~~500.00 ~~301~~191,~~989~~122.0254 Group I ~~0085099901~~0085163574 CA 8079.0073 01-~~Nov~~Dec-2004 ~~276~~498,~~000~~300.00 ~~276~~498,~~000~~181.0065 Group I ~~0085105633~~0085171734 CAAZ 7075.00 01-Dec-2004 ~~308~~90,000.00 ~~308~~90,000.00 Group I ~~0085121457~~0085178259 NVCA 8074.0097 01-Dec-2004 ~~208~~599,000.00 ~~208~~599,000.00 Group I ~~0085128460~~0085182152 CA 8070.0088 01-~~Nov~~Dec-2004 ~~432~~700,000.00 ~~432~~699,~~000~~999.0099 Group I ~~0085139335~~0085198570 OROH 8089.0097 01-Dec-2004 ~~456~~92,~~000~~850.00 ~~455~~92,~~505~~833.9906 Group I ~~0085139434~~0085200376 CAMA 80.00 01-Jan-2005 ~~505~~524,~~600~~000.00 ~~505~~524,~~600~~000.00 Group I ~~0085140150~~0085209625 CAVA 7980.1300 01-Dec-2004 ~~368~~231,~~000~~200.00 ~~367~~230,~~692~~159.6846 Group I ~~0085155679~~0085227528 VACA 79.5451 01-~~Dec~~Jan-~~2004~~2005 ~~194~~264,~~800~~000.00 ~~194~~264,~~747~~000.0800 Group I ~~0085155786~~0085283919 CAMA 6278.5052 01-~~Dec~~Jan-~~2004~~2005 ~~525~~289,000.00 ~~525~~126,~~000~~601.0085 Group I ~~0085160117~~0085295624 CAKS 8072.0036 01-Dec-2004 ~~334~~32,~~400~~200.00 ~~334~~31,~~400~~742.0013 Group I ~~0085211175~~0085387744 GACA 8075.00 01-~~Dec~~Feb-~~2004~~2005 ~~140~~337,~~000~~500.00 ~~140~~337,~~000~~499.0099 Group I ~~0085225084~~0085424364 CA 80.00 01-~~Dec~~Jan-~~2004~~2005 ~~440~~364,000.00 ~~440~~363,~~000~~661.0058 Group I ~~0085232148~~0085467215 NCCA 8060.00 01-~~Dec~~Jan-~~2004~~2005 ~~170~~324,000.00 ~~170~~324,000.00 Group I ~~0085270601~~0085471647 CA 80.00 01-Jan-2005 ~~640~~964,000.00 ~~640~~964,000.00 Group I ~~0085270775~~0085501914 CA 80.00 01-Jan-2005 ~~561~~488,~~600~~000.00 ~~561~~488,~~456~~000.0900 Group I ~~0085304517~~0085514545 CA 6676.0490 01-Jan-2005 ~~700~~499,~~000~~850.00 ~~699~~499,~~732~~708.4576 Group I ~~0085308138~~0085536787 CANY 7661.8170 01-~~Jan~~Feb-2005 ~~460~~327,~~900~~050.00 ~~459~~327,~~999~~049.4399 Group I ~~0085333896~~0085570190 NJCA 80.00 01-Feb-2005 ~~232~~428,~~800~~000.00 ~~232~~428,~~800~~000.00 Group I ~~0085341683~~0085589232 CA 75.5900 01-~~Jan~~Feb-2005 ~~326~~900,~~600~~000.00 ~~326~~900,~~599~~000.9900 Group I ~~0085352789~~0085592830 CA 8079.0077 01-~~Jan~~Feb-2005 ~~540~~296,000.00 ~~540~~295,~~000~~999.0098 Group I ~~0085366441~~0085630994 CA 6376.3390 01-~~Jan~~Feb-2005 471,~~500~~174,300.00 471,~~500~~174,299.0099 Group I ~~0085393130~~0085658870 CA 6279.5498 01-~~Jan~~Feb-2005 ~~344~~348,000.00 ~~344~~348,000.00 Group I ~~0085398691~~0085666576 CAIL 79.2611 01-~~Jan~~Feb-2005 ~~650~~231,000.00 ~~649~~228,~~999~~790.9901 Group I ~~0085410884~~0085673218 CAWA 3880.4600 01-~~Jan~~Feb-2005 ~~100~~178,000.00 99177,~~989~~999.5899 Group I ~~0085420412~~0201518347 CAMA 80.00 01-~~Jan~~Dec-~~2005~~2004 ~~324~~236,000.00 ~~324~~236,000.00 Group I ~~0085429926~~0201606720 CA 80.00 01-~~Jan~~Nov-~~2005~~2004 ~~480~~304,000.00 ~~480~~303,~~000~~873.0003 Group I ~~0085456358~~0201655156 ORCO 80.00 01-~~Jan~~Nov-~~2005~~2004 ~~147~~188,~~600~~150.00 ~~147~~188,~~600~~040.0042 Group I ~~0085474500~~0201662996 ILCA 7180.3700 01-~~Jan~~Nov-~~2005~~2004 ~~182~~332,000.00 ~~181~~331,999.99 Group I ~~0085532273~~0201707106 NYOH 6375.5000 01-~~Feb~~Nov-~~2005~~2004 ~~359~~825,~~500~~000.00 ~~359~~824,~~499~~999.9998 Group I ~~0085676369~~0201716156 GACO 7968.9783 01-~~Feb~~Nov-~~2005~~2004 ~~149~~243,~~700~~000.00 ~~149~~242,~~700~~955.0053 Group I ~~0085694552~~0201718277 CA 7380.4400 01-~~Mar~~Nov-~~2005~~2004 ~~470~~300,000.00 ~~469~~300,~~999~~000.9900 Group I ~~0085714152~~0201768330 AZFL 80.00 01-~~Feb~~Nov-~~2005~~2004 ~~288~~220,~~000~~400.00 ~~288~~220,~~000~~312.0056 Group I ~~0085720639~~0201772340 CA 80.00 01-~~Feb~~Nov-~~2005~~2004 ~~280~~608,000.00 ~~279~~608,~~999~~000.9900 Group I ~~0085745156~~0201783735 COAZ 80.00 01-~~Feb~~Dec-~~2005~~2004 ~~244~~168,000.00 ~~244~~167,~~000~~881.0080 Group I ~~0201316783~~0201794344 NCCA 80.00 01-~~Sep~~Dec-2004 ~~132~~528,000.00 ~~132~~527,~~000~~958.0006 Group I ~~0201485364~~0201815560 CA 7980.5500 01-~~Oct~~Dec-2004 ~~350~~280,000.00 ~~350~~280,000.00 Group I ~~0201609708~~0201816543 SCCA 7980.5400 01-~~Nov~~Dec-2004 ~~137~~381,600.00 ~~137~~381,~~600~~398.0095 Group I ~~0201664679~~0201818390 CACO 7975.9800 01-~~Nov~~Dec-2004 ~~467~~56,~~100~~250.00 ~~467~~56,~~100~~243.0037 Group I ~~0201666393~~0201904588 CA 80.00 01-~~Dec~~Jan-~~2004~~2005 ~~848~~448,000.00 ~~848~~447,~~000~~999.0099 Group I ~~0201702362~~0201985041 OHCA 9080.00 01-~~Nov~~Feb-~~2004~~2005 ~~109~~609,~~800~~600.00 ~~109~~609,~~800~~600.00 Group I ~~0201750809~~0201997384 CAAZ 7580.00 01-~~Dec~~Feb-~~2004~~2005 ~~825~~112,000.00 ~~825~~111,~~000~~873.0071 Group I ~~0201752300~~0620169268 CAGA 7990.0800 01-Dec-2004 ~~348~~319,~~000~~500.00 ~~348~~319,~~000~~500.00 Group I ~~0201777034~~0750128522 FLNC 80.00 01-~~Dec~~Nov-2004 ~~576~~106,000.00 ~~575~~105,999.99 Group I ~~0201799145~~2104105542 MACO 8079.0098 01-~~Jan~~Apr-2005 ~~528~~252,~~000~~650.00 ~~527~~252,~~935~~650.6500 Group I ~~0201806254~~2104105605 FLCO 8065.0029 01-~~Dec~~Mar-~~2004~~2005 ~~160~~222,000.00 ~~159~~221,~~697~~743.7435 Group I ~~0201814811~~2105108685 CATN 80.00 01-~~Dec~~Jan-~~2004~~2005 ~~207~~405,~~200~~832.00 ~~207~~405,~~199~~832.9900 Group I ~~0201838836~~2115114041 CAOH 7683.5069 01-Jan-2005 ~~700~~118,000.00 ~~700~~117,~~000~~587.0024 Group I ~~0202022125~~3000688007 NVOH 7970.3400 01-Feb-2005 ~~488~~89,~~000~~600.00 ~~487~~89,~~999~~600.9900 Group III ~~0202033197~~0000313908 CA 8072.0076 01-~~Mar~~Jan-2005 ~~620~~342,000.00 ~~620~~337,~~000~~179.0051 Group III ~~0620172007~~0016007439 GACA 9558.0081 01-~~Dec~~Jan-~~2004~~2005 ~~320~~999,~~150~~900.00 ~~319~~999,~~982~~900.9900 Group III ~~2101110194~~0016007621 GACA 8068.0096 01-~~Mar~~Jan-2005 ~~240~~1,000,000.00 ~~240~~1,000,000.00 Group III ~~2113109166~~0026502442 MDNC 9076.0015 01-~~Apr~~Jan-2005 ~~315~~83,000.00 ~~314~~83,~~953~~000.3800 Group III ~~2113109168~~0026503049 MDNC 7579.0098 01-~~Mar~~Feb-2005 ~~191~~117,~~250~~400.00 ~~191~~117,~~190~~400.5600 Group III ~~2115115163~~0026503220 OHGA 7580.00 01-~~Feb~~Jan-2005 ~~248~~215,~~750~~600.00 ~~248~~215,~~750~~600.00 Group III ~~2115115164~~0026503381 OHGA 7580.00 01-Feb-2005 ~~256~~740,~~400~~000.00 ~~256~~740,~~400~~000.00 Group III ~~2117106136~~0026503470 FLGA 9579.0098 01-~~Jan~~Feb-2005 ~~113~~298,~~050~~700.00 ~~113~~298,~~050~~700.00 Group III ~~3000673730~~0028503715 MNME 7175.0100 01-~~Dec~~Mar-~~2004~~2005 ~~125~~108,000.00 ~~125~~108,000.00 Group II ~~0009393919~~0049734155 OHAZ 7180.7600 01-~~Dec~~Oct-2004 ~~333~~624,~~700~~000.00 ~~333~~624,~~700~~000.00 Group II ~~0009716044~~0050107283 FLVA 8061.0074 01-~~Dec~~Oct-2004 ~~470~~142,000.00 ~~470~~142,000.00 Group II ~~0016007070~~0574424701 CAIL 7869.6426 01-~~Dec~~Jan-~~2004~~2005 ~~810~~350,~~000~~500.00 ~~810~~350,~~000~~307.0027 Group II ~~0016007547~~0575702006 CAMI 8012.0057 01-~~Jan~~Feb-2005 ~~448~~122,~~000~~700.00 ~~448~~121,~~000~~233.0007 Group II ~~0017827154~~0601059593 NJMA 8058.0070 01-~~Jan~~Dec-~~2005~~2004 ~~347~~182,~~920~~000.00 ~~344~~181,~~031~~939.8457 Group II ~~0026502426~~0601076293 GAOH 9572.0026 01-~~Nov~~Dec-2004 ~~121~~162,600.00 ~~121~~162,~~583~~600.1600 Group II ~~0049102684~~0601077386 ORMA 8062.0036 01-~~Nov~~Jan-~~2004~~2005 ~~124~~333,~~810~~700.00 ~~124~~333,~~810~~700.00 Group II ~~0049847486~~0601088553 CAIL 7080.00 01-~~Oct~~Feb-~~2004~~2005 1234,~~120,~~000.00 1234,~~097,433~~000.2700 Group II ~~0601061196~~0601090595 SCMA 7240.5540 01-Jan-2005 ~~370~~404,000.00 ~~370~~397,~~000~~764.0023 Group II ~~0601100968~~0601097875 TNIL 8076.0047 01-~~Dec~~Jan-~~2004~~2005 ~~197~~195,~~600~~000.00 ~~197~~192,~~599~~717.9453 Group II ~~0601110114~~0601099911 MDAZ 7377.5977 01-Jan-2005 ~~223~~245,000.00 ~~221~~244,~~832~~830.4823 Group II ~~0601114076~~0601101744 CAIL 6560.7027 01-Jan-2005 ~~575~~425,000.00 ~~575~~425,000.00 Group II ~~0601116813~~0601103408 ILFL 7874.3836 01-~~Feb~~Jan-2005 ~~243~~379,~~000~~250.00 ~~243~~377,~~000~~771.0099 Group II ~~0601118045~~0601104506 CA 6566.2234 01-~~Feb~~Jan-2005 ~~270~~418,000.00 ~~270~~418,000.00 Group II ~~0601119242~~0601105875 MDMA 7079.9793 01-Jan-2005 ~~244~~333,~~850~~700.00 ~~243~~333,~~850~~700.00 Group II ~~0601123554~~0601108851 MOCO 5566.2404 01-~~Feb~~Dec-~~2005~~2004 ~~232~~912,000.00 ~~232~~911,~~000~~724.0050 Group II ~~0601124489~~0601110350 AZNH 8054.0004 01-~~Feb~~Jan-2005 ~~320~~300,000.00 ~~320~~300,000.00 Group II ~~0601130843~~0601114478 COFL 7570.00 01-~~Feb~~Jan-2005 86554,~~250~~450.00 86554,~~250~~449.0034 Group II ~~0601131148~~0601121354 ILAZ 8039.0033 01-~~Feb~~Jan-2005 ~~591~~175,~~920~~000.00 ~~591~~175,~~920~~000.00 Group II ~~0601136502~~0601125664 CA 5376.3373 01-~~Mar~~Feb-2005 ~~560~~221,000.00 ~~560~~221,000.00 Group II ~~0601139688~~0601128612 CAMI 6990.8300 01-~~Mar~~Feb-2005 ~~646~~247,~~000~~500.00 ~~646~~247,~~000~~200.00 Group II ~~0601139888~~0601130728 AZMD 6980.0400 01-~~Feb~~Jan-2005 ~~172~~306,~~600~~400.00 ~~172~~306,~~510~~400.3900 Group II ~~0601140494~~0601137021 CA 5879.9587 01-Feb-2005 361,000.00 361,000.00 Group II 0601147148 IN 55.18 01-Mar-2005 ~~439~~154,~~250~~500.00 ~~436~~151,~~550~~000.00 Group II ~~0604MW2391~~0L16098364 VACA 80.00 01-~~Nov~~Jan-~~2004~~2005 ~~176~~288,~~000~~226.00 ~~176~~288,~~000~~226.00 Group II ~~0704MW0250~~1100001495 NJFL 7490.0400 01-~~Nov~~Mar-~~2004~~2005 ~~174~~175,~~000~~500.00 ~~173~~175,~~431~~412.5526 Group II ~~0L16316389~~1350003670 CANJ 7780.8400 01-Nov-2004 ~~700~~188,000.00 ~~700~~188,000.00 Group II ~~0L18136788~~1350004646 VANJ 6984.6975 01-Jan-2005 ~~345~~119,~~000~~500.00 ~~345~~119,~~000~~500.00 Group II ~~1311002545~~1350005065 GANJ 8076.0066 01-~~Mar~~Feb-2005 ~~322~~230,~~480~~000.00 ~~322~~230,~~480~~000.00 Group II ~~1350003920~~2000033292 NJGA 9075.00 01-~~Dec~~Nov-2004 ~~345~~114,~~600~~750.00 ~~344~~114,~~708~~552.8124 Group II ~~1350004329~~2000034723 CTGA 9273.0012 01-Dec-2004 ~~156~~145,~~400~~500.00 ~~155~~145,~~844~~500.6400 Group II ~~1650002921~~2000035089 NJGA 6972.5663 01-~~Nov~~Jan-~~2004~~2005 ~~160~~385,000.00 ~~159~~385,~~976~~000.8200 Group II ~~2000034078~~2000035666 GA 80.00 01-~~Nov~~Jan-~~2004~~2005 ~~386~~174,~~400~~800.00 ~~386~~174,~~400~~300.0083 Group II ~~3000678896~~LT16674425 ILMD 9080.1900 01-Dec-2004 ~~239~~400,000.00 ~~239~~400,000.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0003023059~~0003024294 Loan Paid in Full 0 4.~~750~~375% 360 5 Group I ~~0005654801~~0003902951 Loan Paid in Full 0 5.~~875~~625% 360 85 Group I ~~0016006486~~0005668025 Loan Paid in Full 0 5.~~375~~875% ~~300~~360 79 Group I ~~0016007587~~0028502677 Loan Paid in Full ~~(1)~~0 5.~~625~~875% ~~300~~360 68 Group I ~~0021025437~~0028503020 Loan Paid in Full 0 5.~~375~~500% 360 67 Group I ~~0021026676~~0041463422 Loan Paid in Full ~~(1)~~0 54.~~375~~750% ~~360~~354 69 Group I ~~0042095491~~0041546190 Loan Paid in Full 0(2) 4.750% ~~360~~348 8 Group I ~~0042113205~~0041828009 Loan Paid in Full 0 5.~~000~~125% 360 8 Group I ~~0042118802~~0041959350 Loan Paid in Full 10 46.~~875~~125% 360 810 Group I ~~0042149664~~0042000282 Loan Paid in Full 0 45.~~750~~125% 360 78 Group I ~~0042178842~~0042117285 Loan Paid in Full 0 54.~~000~~750% 360 59 Group I ~~0042229704~~0042131355 Loan Paid in Full 0 5.~~500~~375% 360 58 Group I ~~0059002553~~0042196510 Loan Paid in Full 0 56.~~125~~000% 360 67 Group I ~~0070003318~~0042217567 Loan Paid in Full 0 5.~~875~~125% 360 6 Group I ~~0076000113~~0070003357 Loan Paid in Full ~~(1)~~0 5.~~875~~500% 360 67 Group I ~~0080005950~~0070003448 Loan Paid in Full 0 45.~~875~~125% 360 6 Group I ~~0080005984~~0080005870 Loan Paid in Full 0(2) 5.~~500~~625% 360 78 Group I ~~0080006014~~0080005942 Loan Paid in Full 0(1) 5.~~000~~125% 360 7 Group I ~~0080006016~~0080006456 Loan Paid in Full (1) 5.~~625~~375% 360 6 Group I ~~0080006245~~0082315946 Loan Paid in Full (1) 32.~~250~~750% 360 523 Group I ~~0082270216~~0084767854 Loan Paid in Full 0 26.~~750~~125% 360 229 Group I ~~0084546381~~0084785690 Loan Paid in Full ~~(1)~~0 5.500% 360 108 Group I ~~0084612001~~0084829423 Loan Paid in Full 0 5.375% 360 9 Group I ~~0084736917~~0084860287 Loan Paid in Full 0(1) 6.~~125~~375% 360 98 Group I ~~0084747344~~0084909373 Loan Paid in Full 0 6.~~375~~125% 360 79 Group I ~~0084799949~~0084912559 Loan Paid in Full 0 5.~~250~~625% 360 8 Group I ~~0084812668~~0084920255 Loan Paid in Full ~~(1)~~0 5.750% 360 89 Group I ~~0084813906~~0084930908 Loan Paid in Full 0 56.~~250~~000% 360 89 Group I ~~0084825009~~0084940220 Loan Paid in Full 0 56.~~875~~125% 360 89 Group I ~~0084853365~~0084955889 Loan Paid in Full 0(1) 6.~~375~~125% 360 79 Group I ~~0084881648~~0084983386 Loan Paid in Full 0 56.~~500~~375% 360 8 Group I ~~0084881929~~0085007896 Loan Paid in Full 0 65.~~375~~250% 360 79 Group I ~~0084892900~~0085036911 Loan Paid in Full 0(1) 65.~~125~~500% 360 89 Group I ~~0084893932~~0085043016 Loan Paid in Full 0 5.375% 360 89 Group I ~~0084941475~~0085045045 Loan Paid in Full 0 6.~~000~~375% 360 8 Group I ~~0084954924~~0085047256 Loan Paid in Full 0 6.~~125~~375% 360 8 Group I ~~0084961788~~0085053239 Loan Paid in Full 0(1) 56.~~500~~125% 360 89 Group I ~~0084981059~~0085075695 Loan Paid in Full 0 5.~~375~~875% 360 8 Group I ~~0084981927~~0085079929 Loan Paid in Full 0 5.~~000~~750% 360 8 Group I ~~0084986314~~0085093136 Loan Paid in Full 10 65.~~125~~750% 360 8 Group I ~~0085000560~~0085117034 Loan Paid in Full 0 65.~~375~~250% 360 7 Group I ~~0085015980~~0085117430 Loan Paid in Full 0 56.~~500~~125% 360 69 Group I ~~0085018117~~0085141570 Loan Paid in Full 0 5.~~000~~875% 360 8 Group I ~~0085042661~~0085143022 Loan Paid in Full 0 56.~~625~~375% 360 78 Group I ~~0085052165~~0085163574 Loan Paid in Full 0 5.875% 360 8 Group I ~~0085087351~~0085171734 Loan Paid in Full ~~(1) 5.750% 360 5 Group I 0085099901 Loan Paid in Full~~ 0 56.~~500~~375% 360 8 Group I ~~0085105633~~0085178259 Loan Paid in Full 0 5.~~250~~750% 360 78 Group I ~~0085121457~~0085182152 Loan Paid in Full 0 6.~~375~~250% 360 78 Group I ~~0085128460~~0085198570 Loan Paid in Full 0(1) 5.~~250~~500% 360 8 Group I ~~0085139335~~0085200376 Loan Paid in Full 0 6.~~375~~125% 360 7 Group I ~~0085139434~~0085209625 Loan Paid in Full 0(1) 6.~~000~~125% 360 68 Group I ~~0085140150~~0085227528 Loan Paid in Full 0 5.~~625~~750% 360 7 Group I ~~0085155679~~0085283919 Loan Paid in Full ~~(1)~~0 65.~~250~~750% 360 7 Group I ~~0085155786~~0085295624 Loan Paid in Full (1) 6.375% 360 78 Group I ~~0085160117~~0085387744 Loan Paid in Full 0 6.~~375~~000% 360 76 Group I ~~0085211175~~0085424364 Loan Paid in Full 0 65.375% 360 7 Group I ~~0085225084~~0085467215 Loan Paid in Full 0 65.~~000~~875% 360 7 Group I ~~0085232148~~0085471647 Loan Paid in Full 0 5.~~500~~750% 360 7 Group I ~~0085270601~~0085501914 Loan Paid in Full 0 65.~~250~~500% 360 67 Group I ~~0085270775~~0085514545 Loan Paid in Full 0 56.~~875~~375% 360 67 Group I ~~0085304517~~0085536787 Loan Paid in Full 0 6.~~375~~500% 360 6 Group I ~~0085308138~~0085570190 Loan Paid in Full 0(1) 5.625% 360 6 Group I ~~0085333896~~0085589232 Loan Paid in Full 0 56.~~625~~250% 360 56 Group I ~~0085341683~~0085592830 Loan Paid in Full 0 56.~~750~~500% 360 6 Group I ~~0085352789~~0085630994 Loan Paid in Full (1) 65.~~250~~500% 360 6 Group I ~~0085366441~~0085658870 Loan Paid in Full ~~(1)~~0 6.~~375~~125% 360 6 Group I ~~0085393130~~0085666576 Loan Paid in Full 0 5.~~875~~750% 360 6 Group I ~~0085398691~~0085673218 Loan Paid in Full 0(2) 5.~~250~~375% 360 6 Group I ~~0085410884~~0201518347 Loan Paid in Full ~~(1)~~0 65.~~000~~625% 360 68 Group I ~~0085420412~~0201606720 Loan Paid in Full (1) 65.~~000~~875% 360 69 Group I ~~0085429926~~0201655156 Loan Paid in Full 0 56.~~750~~125% 360 69 Group I ~~0085456358~~0201662996 Loan Paid in Full 0 5.~~750~~625% 360 69 Group I ~~0085474500~~0201707106 Loan Paid in Full 0(1) 65.~~125~~875% 360 69 Group I ~~0085532273~~0201716156 Loan Paid in Full 0 56.~~750~~000% 360 59 Group I ~~0085676369~~0201718277 Loan Paid in Full 0 5.875% 360 59 Group I ~~0085694552~~0201768330 Loan Paid in Full 0 5.~~875~~375% 360 49 Group I ~~0085714152~~0201772340 Loan Paid in Full 0(1) 45.~~750~~375% 360 59 Group I ~~0085720639~~0201783735 Loan Paid in Full 0(1) 56.125% 360 58 Group I ~~0085745156~~0201794344 Loan Paid in Full 0 56.~~875~~375% 360 58 Group I ~~0201316783~~0201815560 Loan Paid in Full 0 56.~~000~~125% 360 108 Group I ~~0201485364~~0201816543 Loan Paid in Full (1) 6.~~250~~375% 360 98 Group I ~~0201609708~~0201818390 Loan Paid in Full 0 5.~~625~~375% 360 8 Group I ~~0201664679~~0201904588 Loan Paid in Full 0 5.750% 360 87 Group I ~~0201666393~~0201985041 Loan Paid in Full 0 6.~~125~~250% 360 76 Group I ~~0201702362~~0201997384 Loan Paid in Full 0(1) 5.500% 360 86 Group I ~~0201750809~~0620169268 Loan Paid in Full 0 6.~~375~~125% 360 78 Group I ~~0201752300~~0750128522 Loan Paid in Full 0 5.~~375~~875% 360 79 Group I ~~0201777034~~2104105542 Loan Paid in Full 0 53.500% 360 74 Group I ~~0201799145~~2104105605 Loan Paid in Full 0(1) 54.~~875~~625% 360 65 Group I ~~0201806254~~2105108685 Loan Paid in Full ~~(1)~~0 65.~~000~~625% 360 7 Group I ~~0201814811~~2115114041 Loan Paid in Full 0 6.125% 360 7 Group I ~~0201838836~~3000688007 Loan Paid in Full 0 5.~~625~~500% 360 6 Group III ~~0202022125~~0000313908 Loan Paid in Full 0(1) 5.625% 360 57 Group III ~~0202033197~~0016007439 Loan Paid in Full 0 5.~~875~~625% 360 47 Group III ~~0620172007~~0016007621 Loan Paid in Full 0 5.~~250~~375% 360 7 Group III ~~2101110194~~0026502442 Loan Paid in Full 0 46.~~875~~625% 360 47 Group III ~~2113109166~~0026503049 Loan Paid in Full 0 47.~~625~~000% 360 36 Group III ~~2113109168~~0026503220 Loan Paid in Full 0(1) 4.~~625~~875% 360 47 Group III ~~2115115163~~0026503381 Loan Paid in Full 0 4.~~000~~750% 360 56 Group III ~~2115115164~~0026503470 Loan Paid in Full 0 4.~~000~~625% 360 56 Group III ~~2117106136~~0028503715 Loan Paid in Full 0 56.~~875~~250% 360 65 Group III ~~3000673730~~0049734155 Loan Paid in Full 0 65.~~000~~046% 360 710 Group II ~~0009393919~~0050107283 Loan Paid in Full 0 5.~~250~~191% 360 710 Group II ~~0009716044~~0574424701 Loan Paid in Full 0(1) 5.~~250~~375% 360 7 Group II ~~0016007070~~0575702006 Loan Paid in Full 0(1) 54.~~625~~375% 360 76 Group II ~~0016007547~~0601059593 Loan Paid in Full 0 65.125% 360 68 Group II ~~0017827154~~0601076293 Loan Paid in Full 0 5.~~250~~000% 360 68 Group II ~~0026502426~~0601077386 Loan Paid in Full 0 65.~~375~~125% 360 87 Group II ~~0049102684~~0601088553 Loan Paid in Full 0 4.~~880~~625% 360 86 Group II ~~0049847486~~0601090595 Loan Paid in Full 0 54.~~125~~875% 360 97 Group II ~~0601061196~~0601097875 Loan Paid in Full 0 45.~~875~~250% 360 67 Group II ~~0601100968~~0601099911 Loan Paid in Full 0 5.250% 360 7 Group II ~~0601110114~~0601101744 Loan Paid in Full ~~(1)~~0 5.250% 360 67 Group II ~~0601114076~~0601103408 Loan Paid in Full ~~(1)~~0 5.~~375~~250% 360 67 Group II ~~0601116813~~0601104506 Loan Paid in Full 0 35.~~875~~250% 360 57 Group II ~~0601118045~~0601105875 Loan Paid in Full 0 35.~~750~~250% 360 57 Group II ~~0601119242~~0601108851 Loan Paid in Full 0 5.~~500~~125% 360 68 Group II ~~0601123554~~0601110350 Loan Paid in Full 0(1) 35.~~500~~000% 360 57 Group II ~~0601124489~~0601114478 Loan Paid in Full 0 35.~~750~~250% 360 57 Group II ~~0601130843~~0601121354 Loan Paid in Full (1) 4.~~125~~875% 360 57 Group II ~~0601131148~~0601125664 Loan Paid in Full 0 34.~~500~~875% 360 56 Group II ~~0601136502~~0601128612 Loan Paid in Full ~~(1)~~0 25.~~875~~250% 360 46 Group II ~~0601139688~~0601130728 Loan Paid in Full 0 35.~~125~~500% 360 47 Group II ~~0601139888~~0601137021 Loan Paid in Full 0(1) 34.375% 360 56 Group II ~~0601140494~~0601147148 Loan Paid in Full 0(1) 3.~~000~~875% 360 45 Group II ~~0604MW2391~~0L16098364 Loan Paid in Full 0 5.~~000~~125% 360 87 Group II ~~0704MW0250~~1100001495 Loan Paid in Full 02 56.000% 360 85 Group II ~~0L16316389~~1350003670 Loan Paid in Full 0 4.~~500~~875% 360 89 Group II ~~0L18136788~~1350004646 Loan Paid in Full 0 56.~~875~~625% 360 67 Group II ~~1311002545~~1350005065 Loan Paid in Full 0 45.~~000~~250% 360 46 Group II ~~1350003920~~2000033292 Loan Paid in Full 0 65.~~250~~375% 360 79 Group II ~~1350004329~~2000034723 Loan Paid in Full 0 45.~~750~~625% 360 78 Group II ~~1650002921~~2000035089 Loan Paid in Full 0 65.~~375~~625% 360 87 Group II ~~2000034078~~2000035666 Loan Paid in Full ~~(1)~~0 5.~~250~~625% 360 87 Group II ~~3000678896~~LT16674425 Loan Paid in Full 0 54.~~875~~250% 360 78

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 6.~~848~~762% Current Month 5756.~~313~~839% Current Month 43,~~306~~704.~~195~~105% 3 Month Average 56.~~109~~142% 3 Month Average 4652.~~038~~945% 3 Month Average 43,~~040~~986.~~902~~399% 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 14.406% N/A Apr-2005 1,965.865% N/A May-2005 36.116% N/A May-2005 3,867.615% N/A Jun-2005 44.684% N/A Jun-2005 3,948.898% N/A Jul-2005 57.313% N/A Jul-2005 4,306.195% N/A Aug-2005 56.839% N/A Aug-2005 3,704.105% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group I SMM CPR PSA Current Month 76.~~228~~616% Current Month 5956.~~356~~016% Current Month 43,~~256~~499.~~495~~829% 3 Month Average 56.159% 3 Month Average 4652.~~160~~926% 3 Month Average 3,~~828~~798.~~874~~686% 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 13.010% N/A Apr-2005 1,640.218% N/A May-2005 35.718% N/A May-2005 3,590.391% N/A Jun-2005 43.405% N/A Jun-2005 3,639.734% N/A Jul-2005 59.356% N/A Jul-2005 4,256.495% N/A Aug-2005 56.016% N/A Aug-2005 3,499.829% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group II SMM CPR PSA Current Month 57.~~873~~134% Current Month 5158.~~628~~860% Current Month 4,~~412~~307.~~096~~470% 3 Month Average 46.~~981~~095% 3 Month Average 4552.~~524~~771% 3 Month Average 4,~~695~~541.~~572~~545% 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 17.849% N/A Apr-2005 3,082.229% N/A May-2005 37.119% N/A May-2005 4,769.552% N/A Jun-2005 47.826% N/A Jun-2005 4,905.069% N/A Jul-2005 51.628% N/A Jul-2005 4,412.096% N/A Aug-2005 58.860% N/A Aug-2005 4,307.470% 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 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 N/A N/A Mar-2005 N/A 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. Group I 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 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 N/A N/A Mar-2005 N/A 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. Group II 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 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 N/A N/A Mar-2005 N/A 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 · STRUCTURED ASSET MORTGAGE INVESTMENTS II TRUST SERIES 2005-AR1