8-K 1 sac05nc2_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 25, 2005 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2005-NC2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120575-28 54-2175618 Pooling and Servicing Agreement) (Commission 54-2175619 (State or other File Number) 54-2175620 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2005-NC2 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-NC2 Trust, relating to the August 25, 2005 distribution. EX-99.2 Risk Management Group Credit Risk Manager 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 SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2005-NC2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-NC2 Trust, relating to the August 25, 2005 distribution. EX-99.2 Risk Management Group Credit Risk Manager EX-99.1

Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Structured Asset Securities Corporation Mortgage Pass-Through Certificates Series SASCO 2005-NC2 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 A1 86359DCE5 SEN 3.~~59438~~74000% ~~316~~308,~~538~~328,~~363~~231.8506 ~~884~~992,~~923~~988.7920 A2 86359DCF2 SEN 3.~~63438~~78000% 7977,~~134~~082,~~838~~298.0949 ~~223~~250,~~693~~902.6188 A3 86359DCG0 SEN 3.~~40438~~55000% ~~186~~177,~~421~~006,~~036~~178.5680 ~~493~~541,~~615~~098.1505 A4 86359DCH8 SEN 3.~~54438~~69000% 220,328,000.00 ~~607~~700,~~387~~092.0122 M1 86359DCM7 MEZ 3.~~68438~~83000% 24,692,000.00 7081,~~758~~435.1159 M2 86359DCN5 MEZ 3.~~72438~~87000% 7,747,000.00 2225,~~441~~816.0488 M3 86359DCP0 MEZ 3.~~74438~~89000% 24,208,000.00 7081,~~500~~090.8508 M4 86359DCQ8 MEZ 3.~~78438~~93000% 16,945,000.00 4957,~~876~~344.0370 M5 86359DCR6 MEZ 34.~~93438~~08000% 14,525,000.00 4451,~~447~~031.5717 M6 86359DCS4 MEZ 34.~~96438~~11000% 13,556,000.00 4147,~~798~~976.6694 M7 86359DCT2 MEZ 4.~~01438~~16000% 9,683,000.00 3034,~~233~~686.1966 M8 86359DCU9 MEZ 4.~~51438~~66000% 9,683,000.00 3338,~~998~~855.8073 M9 86359DCV7 MEZ 4.~~61438~~76000% 9,683,000.00 3439,~~751~~689.9254 M10 86359DCW5 MEZ 5.~~01438~~16000% 9,683,000.00 3743,~~764~~024.4180 B 86359DCX3 SUB 5.~~81438~~96000% 9,683,000.00 4349,~~789~~695.3931 X SAC05NC2X SEN 0.00000% 4,840,579.70 21,~~307~~874,~~022~~931.5316 P SAC05NC2P SEN 0.00000% 100.00 ~~263~~387,~~718~~752.4894 R SAC5NC2R1 RES 0.00000% 0.00 0.00 Totals ~~957~~937,~~350~~673,~~918~~388.2005 5,~~260~~298,~~720~~412.5485

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A1 87,~~210~~329,~~132~~103.7894 0.00 ~~308~~300,~~328~~999,~~231~~127.0612 98,~~095~~322,~~056~~092.5714 0.00 A2 21,~~052~~832,~~539~~281.6171 0.00 7775,~~082~~250,~~298~~016.4978 2,~~276~~083,~~233~~184.2259 0.00 A3 911,~~414~~531,~~857~~032.7683 0.00 ~~177~~165,~~006~~475,~~178~~145.8097 912,~~908~~072,~~472~~130.9188 0.00 A4 0.00 0.00 220,328,000.00 ~~607~~700,~~387~~092.0122 0.00 M1 0.00 0.00 24,692,000.00 7081,~~758~~435.1159 0.00 M2 0.00 0.00 7,747,000.00 2225,~~441~~816.0488 0.00 M3 0.00 0.00 24,208,000.00 7081,~~500~~090.8508 0.00 M4 0.00 0.00 16,945,000.00 4957,~~876~~344.0370 0.00 M5 0.00 0.00 14,525,000.00 4451,~~447~~031.5717 0.00 M6 0.00 0.00 13,556,000.00 4147,~~798~~976.6694 0.00 M7 0.00 0.00 9,683,000.00 3034,~~233~~686.1966 0.00 M8 0.00 0.00 9,683,000.00 3338,~~998~~855.8073 0.00 M9 0.00 0.00 9,683,000.00 3439,~~751~~689.9254 0.00 M10 0.00 0.00 9,683,000.00 3743,~~764~~024.4180 0.00 B 0.00 0.00 9,683,000.00 4349,~~789~~695.3931 0.00 X 0.00 0.00 4,840,579.70 21,~~307~~874,~~022~~931.5316 0.00 P 0.00 0.00 100.00 ~~263~~387,~~718~~752.4894 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 1920,~~677~~692,~~530~~418.1548 0.00 ~~937~~916,~~673~~980,~~388~~969.0557 2425,~~938~~990,~~250~~831.6933 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A1 320,215,000.00 ~~316~~308,~~538~~328,~~363~~231.8506 0.00 87,~~210~~329,~~132~~103.7894 0.00 0.00 A2 80,054,000.00 7977,~~134~~082,~~838~~298.0949 0.00 21,~~052~~832,~~539~~281.6171 0.00 0.00 A3 192,779,000.00 ~~186~~177,~~421~~006,~~036~~178.5680 0.00 911,~~414~~531,~~857~~032.7683 0.00 0.00 A4 220,328,000.00 220,328,000.00 0.00 0.00 0.00 0.00 M1 24,692,000.00 24,692,000.00 0.00 0.00 0.00 0.00 M2 7,747,000.00 7,747,000.00 0.00 0.00 0.00 0.00 M3 24,208,000.00 24,208,000.00 0.00 0.00 0.00 0.00 M4 16,945,000.00 16,945,000.00 0.00 0.00 0.00 0.00 M5 14,525,000.00 14,525,000.00 0.00 0.00 0.00 0.00 M6 13,556,000.00 13,556,000.00 0.00 0.00 0.00 0.00 M7 9,683,000.00 9,683,000.00 0.00 0.00 0.00 0.00 M8 9,683,000.00 9,683,000.00 0.00 0.00 0.00 0.00 M9 9,683,000.00 9,683,000.00 0.00 0.00 0.00 0.00 M10 9,683,000.00 9,683,000.00 0.00 0.00 0.00 0.00 B 9,683,000.00 9,683,000.00 0.00 0.00 0.00 0.00 X 4,840,579.70 4,840,579.70 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 968,304,679.70 ~~957~~937,~~350~~673,~~918~~388.2005 0.00 1920,~~677~~692,~~530~~418.1548 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 A1 87,~~210~~329,~~132~~103.7894 ~~308~~300,~~328~~999,~~231~~127.0612 0.~~96287879~~93999072 87,~~210~~329,~~132~~103.7894 A2 21,~~052~~832,~~539~~281.6171 7775,~~082~~250,~~298~~016.4978 0.~~96287879~~93999072 21,~~052~~832,~~539~~281.6171 A3 911,~~414~~531,~~857~~032.7683 ~~177~~165,~~006~~475,~~178~~145.8097 0.~~91818185~~85836707 911,~~414~~531,~~857~~032.7683 A4 0.00 220,328,000.00 1.00000000 0.00 M1 0.00 24,692,000.00 1.00000000 0.00 M2 0.00 7,747,000.00 1.00000000 0.00 M3 0.00 24,208,000.00 1.00000000 0.00 M4 0.00 16,945,000.00 1.00000000 0.00 M5 0.00 14,525,000.00 1.00000000 0.00 M6 0.00 13,556,000.00 1.00000000 0.00 M7 0.00 9,683,000.00 1.00000000 0.00 M8 0.00 9,683,000.00 1.00000000 0.00 M9 0.00 9,683,000.00 1.00000000 0.00 M10 0.00 9,683,000.00 1.00000000 0.00 B 0.00 9,683,000.00 1.00000000 0.00 X 0.00 4,840,579.70 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1920,~~677~~692,~~530~~418.1548 ~~937~~916,~~673~~980,~~388~~969.0557 0.~~96836606~~94699632 1920,~~677~~692,~~530~~418.1548

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 320,215,000.00 ~~988~~962.~~51822635~~87878788 0.00000000 2522.~~63943844~~88807189 0.00000000 A2 80,054,000.00 ~~988~~962.~~51822632~~87878794 0.00000000 2522.~~63943850~~88807193 0.00000000 A3 192,779,000.00 ~~967~~918.~~01941892~~18184968 0.00000000 4859.~~83756924~~81477666 0.00000000 A4 220,328,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 24,692,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 7,747,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 24,208,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,945,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 14,525,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 13,556,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 9,683,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 9,683,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 9,683,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 9,683,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 9,683,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 4,840,579.70 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 2522.~~63943844~~88807189 ~~962~~939.~~87878788~~99071599 0.~~96287879~~93999072 2522.~~63943844~~88807189 A2 0.00000000 2522.~~63943850~~88807193 ~~962~~939.~~87878794~~99071602 0.~~96287879~~93999072 2522.~~63943850~~88807193 A3 0.00000000 4859.~~83756924~~81477666 ~~918~~858.~~18184968~~36707302 0.~~91818185~~85836707 4859.~~83756924~~81477666 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 A1 320,215,000.00 3.~~59438~~74000% ~~316~~308,~~538~~328,~~363~~231.8506 ~~884~~992,~~923~~988.7920 0.00 0.00 A2 80,054,000.00 3.~~63438~~78000% 7977,~~134~~082,~~838~~298.0949 ~~223~~250,~~693~~902.6188 0.00 0.00 A3 192,779,000.00 3.~~40438~~55000% ~~186~~177,~~421~~006,~~036~~178.5680 ~~493~~541,~~615~~098.1505 0.00 0.00 A4 220,328,000.00 3.~~54438~~69000% 220,328,000.00 ~~607~~700,~~387~~092.0122 0.00 0.00 M1 24,692,000.00 3.~~68438~~83000% 24,692,000.00 7081,~~758~~435.1159 0.00 0.00 M2 7,747,000.00 3.~~72438~~87000% 7,747,000.00 2225,~~441~~816.0488 0.00 0.00 M3 24,208,000.00 3.~~74438~~89000% 24,208,000.00 7081,~~500~~090.8508 0.00 0.00 M4 16,945,000.00 3.~~78438~~93000% 16,945,000.00 4957,~~876~~344.0370 0.00 0.00 M5 14,525,000.00 34.~~93438~~08000% 14,525,000.00 4451,~~447~~031.5717 0.00 0.00 M6 13,556,000.00 34.~~96438~~11000% 13,556,000.00 4147,~~798~~976.6694 0.00 0.00 M7 9,683,000.00 4.~~01438~~16000% 9,683,000.00 3034,~~233~~686.1966 0.00 0.00 M8 9,683,000.00 4.~~51438~~66000% 9,683,000.00 3338,~~998~~855.8073 0.00 0.00 M9 9,683,000.00 4.~~61438~~76000% 9,683,000.00 3439,~~751~~689.9254 0.00 0.00 M10 9,683,000.00 5.~~01438~~16000% 9,683,000.00 3743,~~764~~024.4180 0.00 0.00 B 9,683,000.00 5.~~81438~~96000% 9,683,000.00 4349,~~789~~695.3931 0.00 0.00 X 4,840,579.70 0.00000% ~~957~~937,~~350~~673,~~918~~388.2005 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 968,304,679.70 23,~~689~~035,~~979~~728.5375 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 A1 0.00 0.00 ~~884~~992,~~923~~988.7920 0.00 ~~308~~300,~~328~~999,~~231~~127.0612 A2 0.00 0.00 ~~223~~250,~~693~~902.6188 0.00 7775,~~082~~250,~~298~~016.4978 A3 0.00 0.00 ~~493~~541,~~615~~098.1505 0.00 ~~177~~165,~~006~~475,~~178~~145.8097 A4 0.00 0.00 ~~607~~700,~~387~~092.0122 0.00 220,328,000.00 M1 0.00 0.00 7081,~~758~~435.1159 0.00 24,692,000.00 M2 0.00 0.00 2225,~~441~~816.0488 0.00 7,747,000.00 M3 0.00 0.00 7081,~~500~~090.8508 0.00 24,208,000.00 M4 0.00 0.00 4957,~~876~~344.0370 0.00 16,945,000.00 M5 0.00 0.00 4451,~~447~~031.5717 0.00 14,525,000.00 M6 0.00 0.00 4147,~~798~~976.6694 0.00 13,556,000.00 M7 0.00 0.00 3034,~~233~~686.1966 0.00 9,683,000.00 M8 0.00 0.00 3338,~~998~~855.8073 0.00 9,683,000.00 M9 0.00 0.00 3439,~~751~~689.9254 0.00 9,683,000.00 M10 0.00 0.00 3743,~~764~~024.4180 0.00 9,683,000.00 B 0.00 0.00 4349,~~789~~695.3931 0.00 9,683,000.00 X 0.00 0.00 21,~~307~~874,~~022~~931.5316 0.00 ~~937~~916,~~673~~980,~~388~~969.0557 P 0.00 0.00 ~~263~~387,~~718~~752.4894 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,~~260~~298,~~720~~412.5485 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 A1 320,215,000.00 3.~~59438~~74000% ~~988~~962.~~51822635~~87878788 23.~~76353010~~10100464 0.00000000 0.00000000 A2 80,054,000.00 3.~~63438~~78000% ~~988~~962.~~51822632~~87878794 23.~~79428398~~13417043 0.00000000 0.00000000 A3 192,779,000.00 3.~~40438~~55000% ~~967~~918.~~01941892~~18184968 2.~~56052345~~80683088 0.00000000 0.00000000 A4 220,328,000.00 3.~~54438~~69000% 1000.00000000 23.~~75674000~~17750000 0.00000000 0.00000000 M1 24,692,000.00 3.~~68438~~83000% 1000.00000000 23.~~86562895~~29805565 0.00000000 0.00000000 M2 7,747,000.00 3.~~72438~~87000% 1000.00000000 23.~~89673938~~33250032 0.00000000 0.00000000 M3 24,208,000.00 3.~~74438~~89000% 1000.00000000 23.~~91229552~~34972241 0.00000000 0.00000000 M4 16,945,000.00 3.~~78438~~93000% 1000.00000000 23.~~94340690~~38416642 0.00000000 0.00000000 M5 14,525,000.00 34.~~93438~~08000% 1000.00000000 3.~~06007367~~51333356 0.00000000 0.00000000 M6 13,556,000.00 34.~~96438~~11000% 1000.00000000 3.~~08340661~~53916642 0.00000000 0.00000000 M7 9,683,000.00 4.~~01438~~16000% 1000.00000000 3.~~12229578~~58222245 0.00000000 0.00000000 M8 9,683,000.00 4.~~51438~~66000% 1000.00000000 34.~~51118455~~01277806 0.00000000 0.00000000 M9 9,683,000.00 4.~~61438~~76000% 1000.00000000 34.~~58896210~~09888877 0.00000000 0.00000000 M10 9,683,000.00 5.~~01438~~16000% 1000.00000000 34.~~90007332~~44333368 0.00000000 0.00000000 B 9,683,000.00 5.~~81438~~96000% 1000.00000000 45.~~52229578~~13222245 0.00000000 0.00000000 X 4,840,579.70 0.00000% ~~197776~~193710.~~08830612~~96979356 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A1 0.00000000 0.00000000 23.~~76353010~~10100464 0.00000000 ~~962~~939.~~87878788~~99071599 A2 0.00000000 0.00000000 23.~~79428398~~13417043 0.00000000 ~~962~~939.~~87878794~~99071602 A3 0.00000000 0.00000000 2.~~56052345~~80683088 0.00000000 ~~918~~858.~~18184968~~36707302 A4 0.00000000 0.00000000 23.~~75674000~~17750000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 23.~~86562895~~29805565 0.00000000 1000.00000000 M2 0.00000000 0.00000000 23.~~89673938~~33250032 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~91229552~~34972241 0.00000000 1000.00000000 M4 0.00000000 0.00000000 23.~~94340690~~38416642 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~06007367~~51333356 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~08340661~~53916642 0.00000000 1000.00000000 M7 0.00000000 0.00000000 3.~~12229578~~58222245 0.00000000 1000.00000000 M8 0.00000000 0.00000000 34.~~51118455~~01277806 0.00000000 1000.00000000 M9 0.00000000 0.00000000 34.~~58896210~~09888877 0.00000000 1000.00000000 M10 0.00000000 0.00000000 34.~~90007332~~44333368 0.00000000 1000.00000000 B 0.00000000 0.00000000 45.~~52229578~~13222245 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~476~~387.~~60046378~~33607878 0.00000000 ~~193710~~189436.~~96979356~~18872136 P 0.00000000 0.00000000 ~~2637184~~3877529.~~80000000~~40000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2526,~~081~~001,~~406~~589.3438 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~263~~387,~~718~~752.4894 Total Deposits 2526,~~345~~389,~~124~~342.8232 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~406~~398,~~874~~511.1319 Payment of Interest and Principal 2425,~~938~~990,~~250~~831.6913 Total Withdrawals (Pool Distribution Amount) 2526,~~345~~389,~~124~~342.8232 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~398~~390,~~896~~697.2125 Credit Risk Manager Fee 7,~~977~~813.9294 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~406~~398,~~874~~511.1319

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 Reserve Fund 1,000.00 21,~~307~~874,~~022~~931.5316 21,~~307~~874,~~022~~931.5316 1,000.00 Reserve Fund 0.00 ~~263~~387,~~718~~752.4894 ~~263~~387,~~718~~752.4894 0.00

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 020 0 0 020 02,901,474.0049 0.00 0.00 02,901,474.0049 30 Days 570 02 0 0 572 111,~~020~~119,~~399~~234.3462 0288,109.0050 0.00 0.00 111,~~020~~407,~~399~~344.3412 60 Days 023 01 0 0 024 03,674,314.0078 097,676.0072 0.00 0.00 03,771,991.0050 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 593 023 0 0 5116 114,~~020~~793,~~399~~549.3440 03,287,260.0071 0.00 0.00 118,~~020~~080,~~399~~810.3411 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~~389029% 0.000000% 0.000000% 0.~~000000~~389029% 0.~~000000~~316195% 0.000000% 0.000000% 0.~~000000~~316195% 30 Days 01.~~095675~~361603% 0.~~000000~~038903% 0.000000% 0.000000% 01.~~095675~~400506% 01.~~108754~~211744% 0.~~000000~~031397% 0.000000% 0.000000% 01.~~108754~~243142% 60 Days 0.~~000000~~447384% 0.~~000000~~019451% 0.000000% 0.000000% 0.~~000000~~466835% 0.~~000000~~400417% 0.~~000000~~010645% 0.000000% 0.000000% 0.~~000000~~411062% 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 01.~~095675~~808987% 0.~~000000~~447384% 0.000000% 0.000000% 02.~~095675~~256370% 01.~~108754~~612161% 0.~~000000~~358237% 0.000000% 0.000000% 01.~~108754~~970398%

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 02 0 0 02 077,830.0027 0.00 0.00 077,830.0027 30 Days 16 0 0 0 16 ~~135~~392,~~905~~346.9323 0.00 0.00 0.00 ~~135~~392,~~905~~346.9323 60 Days 02 0 0 0 02 0273,779.0089 0.00 0.00 0.00 0273,779.0089 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 18 02 0 0 110 ~~135~~666,~~905~~126.9312 077,830.0027 0.00 0.00 ~~135~~743,~~905~~956.9339 0-29 Days 0.~~000000~~232829% 0.000000% 0.000000% 0.~~000000~~232829% 0.~~000000~~089391% 0.000000% 0.000000% 0.~~000000~~089391% 30 Days 0.~~115473~~698487% 0.000000% 0.000000% 0.000000% 0.~~115473~~698487% 0.~~153995~~450622% 0.000000% 0.000000% 0.000000% 0.~~153995~~450622% 60 Days 0.~~000000~~232829% 0.000000% 0.000000% 0.000000% 0.~~000000~~232829% 0.~~000000~~314445% 0.000000% 0.000000% 0.000000% 0.~~000000~~314445% 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.~~115473~~931315% 0.~~000000~~232829% 0.000000% 0.000000% 01.~~115473~~164144% 0.~~153995~~765067% 0.~~000000~~089391% 0.000000% 0.000000% 0.~~153995~~854458% 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 010 0 0 010 01,511,177.0022 0.00 0.00 01,511,177.0022 30 Days 37 2 0 0 039 ~~2 349~~6,~~624~~033,676.5933 0288,109.0050 0.00 0.00 ~~349~~6,~~624~~321,785.5983 60 Days 011 01 0 0 012 01,440,693.0085 097,676.0072 0.00 0.00 01,538,370.0057 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 248 013 0 0 261 ~~349~~7,~~624~~474,370.5918 01,896,963.0044 0.00 0.00 ~~349~~9,~~624~~371,333.5962 0-29 Days 0.~~000000~~466636% 0.000000% 0.000000% 0.~~000000~~466636% 0.~~000000~~413187% 0.000000% 0.000000% 0.~~000000~~413187% 30 Days 01.~~091785~~726552% 0.~~000000~~093327% 0.000000% 0.000000% 01.~~091785~~819879% 01.~~093560~~649731% 0.~~000000~~078775% 0.000000% 0.000000% 01.~~093560~~728506% 60 Days 0.~~000000~~513299% 0.~~000000~~046664% 0.000000% 0.000000% 0.~~000000~~559963% 0.~~000000~~393915% 0.~~000000~~026707% 0.000000% 0.000000% 0.~~000000~~420622% 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 02.~~091785~~239851% 0.~~000000~~606626% 0.000000% 0.000000% 02.~~091785~~846477% 02.~~093560~~043646% 0.~~000000~~518669% 0.000000% 0.000000% 02.~~093560~~562314% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 04 0 0 04 0904,734.0018 0.00 0.00 0904,734.0018 30 Days 07 0 0 0 07 0425,446.0054 0.00 0.00 0.00 0425,446.0054 60 Days 01 0 0 0 01 027,348.0007 0.00 0.00 0.00 027,348.0007 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 08 04 0 0 012 0452,794.0061 0904,734.0018 0.00 0.00 01,357,528.0079 0-29 Days 0.~~000000~~656814% 0.000000% 0.000000% 0.~~000000~~656814% 01.~~000000~~124943% 0.000000% 0.000000% 01.~~000000~~124943% 30 Days 01.~~000000~~149425% 0.000000% 0.000000% 0.000000% 01.~~000000~~149425% 0.~~000000~~528999% 0.000000% 0.000000% 0.000000% 0.~~000000~~528999% 60 Days 0.~~000000~~164204% 0.000000% 0.000000% 0.000000% 0.~~000000~~164204% 0.~~000000~~034004% 0.000000% 0.000000% 0.000000% 0.~~000000~~034004% 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 01.~~000000~~313629% 0.~~000000~~656814% 0.000000% 0.000000% 01.~~000000~~970443% 0.~~000000~~563003% 01.~~000000~~124943% 0.000000% 0.000000% 01.~~000000~~687946% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 04 0 0 04 0407,732.0082 0.00 0.00 0407,732.0082 30 Days 220 0 0 0 220 ~~534~~4,~~868~~267,765.8252 0.00 0.00 0.00 ~~534~~4,~~868~~267,765.8252 60 Days 09 0 0 0 09 01,932,492.0097 0.00 0.00 0.00 01,932,492.0097 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 229 04 0 0 233 ~~534~~6,~~868~~200,258.8249 0407,732.0082 0.00 0.00 ~~534~~6,~~868~~607,991.8231 0-29 Days 0.~~000000~~261438% 0.000000% 0.000000% 0.~~000000~~261438% 0.~~000000~~106072% 0.000000% 0.000000% 0.~~000000~~106072% 30 Days 01.~~128041~~307190% 0.000000% 0.000000% 0.000000% 01.~~128041~~307190% 01.~~135544~~110262% 0.000000% 0.000000% 0.000000% 01.~~135544~~110262% 60 Days 0.~~000000~~588235% 0.000000% 0.000000% 0.000000% 0.~~000000~~588235% 0.~~000000~~502739% 0.000000% 0.000000% 0.000000% 0.~~000000~~502739% 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 01.~~128041~~895425% 0.~~000000~~261438% 0.000000% 0.000000% 02.~~128041~~156863% 01.~~135544~~613002% 0.~~000000~~106072% 0.000000% 0.000000% 01.~~135544~~719074%

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. Group III 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 IV 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. Group I 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. 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. Group III 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. Group IV 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 Fixed & Mixed ARM Weighted Average Gross Coupon 7.~~212652~~204445% Weighted Average Net Coupon 6.~~712652~~704445% Weighted Average Pass-Through Rate 6.~~333509~~325186% Weighted Average Maturity(Stepdown Calculation) ~~358~~357 Beginning Scheduled Collateral Loan Count 5,~~312~~226 Number Of Loans Paid In Full 8685 Ending Scheduled Collateral Loan Count 5,~~226~~141 Beginning Scheduled Collateral Balance ~~957~~937,~~350~~673,~~918~~388.2005 Ending Scheduled Collateral Balance ~~937~~916,~~673~~980,~~388~~969.0557 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~938~~917,~~264~~622,~~562~~177.0005 Monthly P&I Constant 6,~~442~~310,~~742~~325.5089 Special Servicing Fee 0.00 Prepayment Penalties ~~263~~387,~~718~~752.4894 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~688~~680,~~543~~812.1231 Unscheduled Principal 1820,~~988~~011,~~987~~606.0317

Miscellaneous Reporting One Month LIBOR Rate 3.~~314380~~460000% Current Overcollateralization Amount 4,840,679.70 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 4,840,679.70 Sequential Trigger Event NO SWAP payment - Incoming 2,~~407~~697,~~658~~571.8012 SWAP payment - Outgoing 2,~~455~~720,~~327~~960.0247 Net Swap Payment 4723,~~668~~389.2135

Group Level Collateral Statement Group Group I Group II Group III Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~481922~~471900 7.~~262444~~252432 7.~~352774~~345351 Weighted Average Net Rate 6.~~981922~~971900 6.~~762444~~752432 6.~~852775~~845351 Weighted Average Maturity ~~358~~357 ~~358~~357 ~~358~~357 Beginning Loan Count ~~876~~866 2,~~218~~179 ~~625~~619 Loans Paid In Full 107 3936 610 Ending Loan Count ~~866~~859 2,~~179~~143 ~~619~~609 Beginning Scheduled Balance 8988,~~125~~174,~~443~~192.8132 ~~382~~373,~~789~~478,~~508~~087.1222 8281,~~264~~636,~~715~~601.2381 Ending Scheduled Balance 8886,~~174~~984,~~192~~145.3203 ~~373~~365,~~478~~506,~~087~~748.2286 8180,~~636~~349,~~601~~332.8157 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant ~~652~~645,~~274~~586.5822 2,~~564~~500,~~516~~679.5612 ~~590~~586,~~331~~127.5888 Scheduled Principal 96,~~583~~562.2229 ~~247~~243,~~860~~492.2923 86,~~270~~419.0095 Unscheduled Principal ~~854~~1,~~668~~093,485.2700 97,~~063~~727,~~560~~846.6113 ~~541~~1,~~843~~200,849.4229 Scheduled Interest ~~555~~549,~~691~~023.3693 2,~~316~~257,~~656~~186.2789 ~~504~~499,~~061~~707.5893 Servicing Fees 3736,~~135~~739.6025 ~~159~~155,~~495~~615.6387 34,~~276~~015.9625 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 23,~~839~~647.8791 ~~117~~114,~~032~~980.3433 21,~~162~~088.0969 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 ~~494~~488,~~715~~636.8977 21,~~040~~986,~~128~~590.3069 ~~448~~444,~~622~~603.5399 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~660938~~650065 6.~~395562~~382995 6.~~544082~~535362

Group Level Collateral Statement Group Group IV Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 7.~~077261~~070039 7.~~212652~~204445 Weighted Average Net Rate 6.~~577261~~570039 6.~~712652~~704445 Weighted Average Maturity ~~358~~357 ~~358~~357 Beginning Loan Count 1,~~593~~562 5,~~312~~226 Loans Paid In Full 3132 8685 Ending Loan Count 1,~~562~~530 5,~~226~~141 Beginning Scheduled Balance ~~403~~394,~~171~~384,~~251~~506.0470 ~~957~~937,~~350~~673,~~918~~388.2005 Ending scheduled Balance ~~394,~~384,~~506~~140,743.7011 ~~937~~916,~~673~~980,~~388~~969.0557 Record Date 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 2,~~635~~577,~~619~~932.7867 6,~~442~~310,~~742~~325.5089 Scheduled Principal ~~257~~254,~~829~~337.6184 ~~688~~680,~~543~~812.1231 Unscheduled Principal 89,~~528~~989,~~914~~425.7375 1820,~~988~~011,~~987~~606.0317 Scheduled Interest 2,~~377~~323,~~790~~594.1783 5,~~754~~629,~~199~~513.3858 Servicing Fees ~~167~~164,~~988~~326.0288 ~~398~~390,~~896~~697.2125 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~140~~136,~~443~~633.2290 ~~302~~296,~~477~~350.5283 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 2,~~069~~022,~~358~~634.9305 54,~~052~~942,~~825~~465.6550 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~159245~~154301 6.~~333509~~325186

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 107 ~~850~~1,~~093~~086,480.00 ~~847~~1,~~081~~082,872.3980 0 0.00 0.00 Group II 3936 97,~~068~~731,~~788~~655.6000 97,~~048~~707,~~603~~951.1332 0 0.00 0.00 Group III 610 ~~535~~1,~~350~~195,562.00 ~~533~~1,~~477~~191,438.8082 0 0.00 0.00 Group IV 3132 89,~~538~~842,~~306~~598.00 89,~~521~~818,~~570~~796.9126 0 0.00 0.00 Total 8685 1819,~~992~~856,~~537~~295.6000 1819,~~950~~801,~~733~~059.2320 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 0.00 811,~~235~~431.9168 Group II 0 0.00 0.00 0 0.00 0.00 20281,~~876~~974.3668 Group III 0 0.00 0.00 0 0.00 0.00 810,~~845~~372.3150 Group IV 0 0.00 0.00 0 0.00 0.00 121,~~365~~105,077.1873 Total 0 0.00 0.00 0 0.00 0.00 501,~~322~~408,856.7659

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0115222671~~0115227837 NCFL 2079.0053 01-~~Oct~~Apr-~~2004~~2005 37136,~~939~~000.00 37135,~~513~~499.4501 Group I ~~0115222739~~0115419913 NVNJ 2069.00 01-~~Jan~~Apr-2005 39132,~~349~~480.00 39132,~~026~~053.1192 Group I ~~0115222838~~0115423147 AZFL 20.00 01-~~Aug~~Feb-~~2004~~2005 4326,~~455~~000.00 4225,~~760~~767.7797 Group I ~~0115241093~~0115424392 AZOR 2077.0080 01-~~Apr~~Mar-2005 31180,~~600~~500.00 31179,~~529~~707.0656 Group I ~~0115418493~~0115431900 NJOR 7590.00 01-~~Apr~~Mar-2005 ~~258~~283,~~750~~500.00 ~~257~~282,~~910~~362.7860 Group I ~~0115424087~~0115439010 WAMI 9020.00 01-~~Mar~~Apr-2005 ~~202~~54,~~500~~000.00 ~~201~~53,~~804~~878.5654 Group I ~~0115424293~~0115442485 CA 1949.6882 01-Apr-2005 61274,000.00 60272,~~897~~783.4372 Group III ~~0115428666~~0115226698 MOAZ 8090.00 01-~~Mar~~Apr-2005 60115,~~000~~200.00 59114,~~745~~838.2477 Group III ~~0115438566~~0115229015 CAAZ 2090.00 01-~~Apr~~Mar-2005 52160,~~500~~200.00 52159,~~405~~446.7218 Group III ~~0115450074~~0115229908 NYNV 2080.00 01-~~Apr~~Mar-2005 63183,~~000~~200.00 62182,~~839~~329.2444 Group II ~~0115227589~~0115230237 WICA 8575.00 01-Mar-2005 ~~130~~191,~~900~~250.00 ~~130~~190,~~549~~228.9944 Group II ~~0115227985~~0115230260 WINV 90.00 01-~~Apr~~Mar-2005 ~~139~~193,500.00 ~~139~~192,~~476~~530.0010 Group II ~~0115228561~~0115231383 NCCA 8070.0093 01-~~Oct~~Apr-~~2004~~2005 ~~151~~222,~~756~~000.00 ~~150~~220,~~253~~935.6872 Group II ~~0115230419~~0115231664 CAOR 4390.4800 01-~~Apr~~Feb-2005 ~~200~~231,~~000~~300.00 ~~199~~230,~~305~~357.3755 Group II ~~0115230484~~0115231961 NYCA 7246.7315 01-~~Mar~~Apr-2005 ~~200~~240,000.00 ~~199~~239,~~202~~530.5803 Group II ~~0115230526~~0115232449 MACA 82.0054 01-~~Mar~~Apr-2005 ~~200~~260,~~900~~000.00 ~~200~~259,~~106~~999.8781 Group II ~~0115231722~~0115232597 CANJ 8077.0003 01-Mar-2005 ~~233~~265,~~600~~000.00 ~~232~~263,~~730~~777.8942 Group II ~~0115232027~~0115235467 CA 7882.7118 01-~~Apr~~Mar-2005 ~~244~~452,000.00 ~~243~~449,~~110~~393.4702 Group II ~~0115232290~~0115236903 CAMD 80.00 01-Apr-2005 ~~255~~257,~~068~~600.00 ~~253,967~~0.0300 Group II ~~0115234114~~0115237083 CAMD 7585.00 01-Mar-2005 ~~337~~255,~~500~~000.00 ~~336~~254,~~618~~169.0293 Group II ~~0115234817~~0115238388 CAIN 9070.00 01-~~Mar~~Apr-2005 ~~387~~87,~~000~~500.00 ~~385~~87,~~487~~196.1544 Group II ~~0115235152~~0115239709 HINH 7381.0497 01-Apr-2005 ~~420~~150,000.00 ~~418~~149,~~555~~539.4213 Group II ~~0115236622~~0115240798 NJIL 8587.0030 01-Apr-2005 ~~348~~275,~~500~~000.00 ~~347~~273,~~455~~924.6952 Group II ~~0115239113~~0115241689 VACA 80.00 01-Apr-2005 ~~320~~148,~~000~~800.00 ~~319~~148,~~132~~318.5058 Group II ~~0115240459~~0115419004 ~~FL 62.15 01-Mar-2005 202,000.00 201,221.98 Group II 0115240806~~ IL 8550.00 01-Apr-2005 ~~295~~240,~~800~~000.00 ~~295~~238,~~269~~758.9866 Group II ~~0115241176~~0115420457 AZNJ 80.00 01-Apr-2005 ~~196~~176,~~800~~000.00 ~~196~~175,~~233~~291.3334 Group II ~~0115241218~~0115424517 NVCA 8053.0003 01-~~Apr~~Mar-2005 ~~172~~350,000.00 ~~171~~348,~~556~~249.7493 Group II ~~0115241242~~0115424558 NVNH 9078.0009 01-Apr-2005 ~~239~~139,~~427~~000.00 ~~238~~138,~~896~~411.84 Group II ~~0115241937~~0115427759 CA 8090.00 01-Apr-2005 ~~282~~304,~~400~~200.00 ~~282~~304,~~399~~200.9700 Group II ~~0115241978~~0115428195 MOCA 8068.0057 01-Apr-2005 ~~136~~240,000.00 ~~135~~238,624.3421 Group II ~~0115241986~~0115429508 IACA 9080.00 01-~~Apr~~Mar-2005 ~~324~~248,000.00 ~~323~~246,~~147~~887.8903 Group II ~~0115417867~~0115429623 MIPA 9082.0051 01-Apr-2005 ~~150~~250,~~300~~000.00 ~~149~~249,~~921~~299.4169 Group II ~~0115418329~~0115429961 ILAZ 9580.00 01-~~Apr~~Mar-2005 ~~221~~186,~~350~~400.00 ~~220~~186,~~773~~400.7100 Group II ~~0115418469~~0115430266 FLAZ 4785.7600 01-~~Apr~~Mar-2005 81146,200.00 80145,~~806~~583.5421 Group II ~~0115423402~~0115430753 CA 7079.6266 01-~~Apr~~Mar-2005 ~~286~~235,000.00 ~~285~~234,~~159~~036.8808 Group II ~~0115429581~~0115432585 FLNY 5795.4100 01-Apr-2005 82266,~~100~~855.00 81266,~~816~~113.2261 Group II ~~0115433856~~0115436123 NJCO ~~65.~~93.20 01-Apr-2005 ~~180~~308,~~000~~500.00 ~~179~~307,~~491~~202.9904 Group II ~~0115436875~~0115436719 FLCA 8085.00 01-Apr-2005 ~~304~~107,~~797~~950.6000 ~~304~~107,~~797~~444.5719 Group II ~~0115440422~~0115438012 ALTN 9065.0048 01-Apr-2005 ~~146~~55,~~700~~000.00 ~~146~~54,~~343~~823.4108 Group II ~~0115442162~~0115439648 CACT 5888.3309 01-Apr-2005 ~~175~~196,000.00 ~~174~~195,~~296~~256.5518 Group II ~~0115442873~~0115440174 FLCA 9064.00 01-Apr-2005 ~~190~~336,~~440~~000.00 ~~189~~334,~~891~~913.6387 Group II ~~0115443616~~0115447112 CAFL 7067.0076 01-Apr-2005 ~~203~~103,000.00 ~~202~~102,~~421~~514.3264 Group II ~~0115443624~~0115449076 CAAZ 6580.00 01-Apr-2005 ~~136~~156,~~500~~000.00 ~~136~~155,~~103~~346.0277 Group IIIII ~~0115444036~~0115222259 ORMT 7520.00 01-~~Apr~~Mar-2005 ~~288~~31,~~750~~400.00 ~~287~~31,~~790~~135.2410 Group IIIII ~~0115447401~~0115239824 VAWI 7920.5400 01-Apr-2005 ~~296~~25,~~700~~000.00 ~~295~~24,~~877~~848.3304 Group IIIII ~~0115448334~~0115415945 AZTX 8068.0096 01-~~Oct~~Feb-~~2004~~2005 ~~340~~79,~~800~~300.00 ~~340~~78,~~800~~749.0050 Group IIIII ~~0115449217~~0115420804 NYFL 8840.5700 01-Apr-2005 ~~310~~100,000.00 ~~309~~99,~~133~~489.8517 Group IIIII ~~0115449829~~0115424533 CAHI 7158.6700 01-Apr-2005 ~~258~~319,000.00 ~~256~~317,~~956~~702.8588 Group III ~~0115221947~~0115425498 ILUT 20.00 01-~~Apr~~Mar-2005 2785,600.00 2785,~~465~~412.4961 Group III ~~0115221962~~0115426058 RIIL 1568.0019 01-~~Mar~~Apr-2005 27288,~~750~~500.00 27287,~~589~~219.8740 Group III ~~0115222895~~0115426074 AZFL 2075.00 01-~~Apr~~Mar-2005 44116,~~000~~250.00 43115,~~903~~819.2786 Group III ~~0115418691~~0115437907 KYMI 8570.0048 01-Apr-2005 6874,000.00 6773,~~739~~738.8806 Group III ~~0115422248~~0115439747 CTCA 20.00 01-Apr-2005 7576,~~000~~512.00 7476,~~864~~362.5217 Group ~~III~~IV ~~0115424764~~0115228090 CA 5654.3547 01-~~Mar~~Apr-2005 ~~293~~140,000.00 ~~291~~139,~~435~~473.0892 Group IV ~~0115227019~~0115229189 FLCA 8077.0083 01-Mar-2005 ~~120~~165,000.00 ~~119~~164,~~566~~002.7203 Group IV ~~0115227928~~0115229783 INIL 8073.0047 01-~~Mar~~Apr-2005 ~~138~~180,~~400~~000.00 ~~137~~179,~~991~~362.8892 Group IV ~~0115228967~~0115230328 MEMD 8089.0045 01-~~Mar~~Apr-2005 ~~160~~195,000.00 ~~159~~194,~~340~~135.3295 Group IV ~~0115229171~~0115230492 TXNY 8051.0095 01-Apr-2005 ~~164~~200,000.00 ~~163~~198,~~493~~933.6929 Group IV ~~0115230922~~0115232464 NJCA 8986.7967 01-~~Mar~~Apr-2005 ~~211~~260,000.00 ~~210~~258,~~281~~973.1354 Group IV ~~0115231466~~0115232761 CA 7275.7300 01-~~Apr~~Mar-2005 ~~224~~270,000.00 ~~223~~268,~~576~~826.8330 Group IV ~~0115233249~~0115233777 NYNJ 6980.4100 01-~~Feb~~Mar-2005 ~~295~~316,000.00 ~~293~~314,~~215~~496.7991 Group IV ~~0115233447~~0115234767 CA 8375.0100 01-~~Apr~~Mar-2005 ~~303~~382,~~000~~500.00 ~~301,725~~0.4700 Group IV ~~0115234585~~0115234874 CA 9582.0046 01-~~Mar~~Apr-2005 ~~372~~395,~~400~~000.00 ~~372~~393,~~197~~858.1778 Group IV ~~0115234734~~0115235079 CA 8580.00 01-~~Mar~~Apr-2005 ~~382~~405,~~500~~600.00 ~~381~~405,~~276~~600.0200 Group IV ~~0115234858~~0115235228 CA 7568.0080 01-Apr-2005 ~~390~~430,000.00 ~~388~~430,~~344~~000.0100 Group IV ~~0115235277~~0115235269 CAFL 8065.00 01-Apr-2005 ~~436~~435,~~000~~500.00 ~~436~~433,~~000~~676.0040 Group IV ~~0115235996~~0115241234 OHAZ 8590.00 01-Apr-2005 ~~582~~464,~~250~~400.00 ~~579~~462,~~823~~836.8387 Group IV ~~0115238164~~0115241416 OHCA 90.00 01-~~Mar~~Apr-2005 50288,~~400~~000.00 50288,~~279~~000.2600 Group IV ~~0115238420~~0115417644 CAFL 8770.9300 01-~~Apr~~Mar-2005 ~~359~~89,~~651~~600.00 ~~358~~89,~~573~~299.2614 Group IV ~~0115238677~~0115420846 CAFL 9089.0069 01-Apr-2005 ~~454~~174,~~500~~000.00 ~~452~~173,~~993~~999.7550 Group IV ~~0115238693~~0115421703 CANV 8085.00 01-Apr-2005 ~~412~~399,~~000~~500.00 ~~412~~397,~~000~~998.0088 Group IV ~~0115240103~~0115422008 ILVA 9082.0082 01-Apr-2005 ~~328~~600,~~500~~000.00 ~~327~~599,~~661~~898.98 Group IV ~~0115241812~~0115424269 MICA 8580.00 01-Apr-2005 ~~117~~168,~~300~~000.00 ~~116~~167,~~872~~621.3634 Group IV ~~0115418808~~0115428021 AZMI 8471.7090 01-Apr-2005 ~~119~~550,000.00 ~~118,661~~0.4000 Group IV ~~0115421794~~0115429292 MINY 8580.00 01-Apr-2005 ~~233~~172,~~750~~000.00 ~~233~~171,~~013~~574.9671 Group IV ~~0115427213~~0115429557 CA 7180.1500 01-Mar-2005 ~~185~~588,000.00 ~~184~~585,~~304~~469.8738 Group IV ~~0115431025~~0115430084 NJCA 8075.00 01-Mar-2005 ~~248~~536,~~000~~250.00 ~~247~~533,~~276~~999.0806 Group IV ~~0115432619~~0115436099 MIAZ 90.00 01-Apr-2005 ~~148~~337,500.00 ~~148~~336,~~171~~293.1745 Group IV ~~0115438053~~0115439689 CA 80.00 01-Apr-2005 ~~380~~306,~~000~~048.00 ~~379~~304,~~999~~715.9755 Group IV ~~0115438137~~0115440083 AZIL 9574.0029 01-Apr-2005 80156,~~655~~000.00 80156,~~440~~000.6800 Group IV ~~0115440448~~0115441222 NYCA ~~100~~92.0084 01-Apr-2005 ~~440~~408,~~000~~500.00 ~~438~~408,~~922~~250.4112 Group IV ~~0115440695~~0115441453 CA 80.00 01-Apr-2005 ~~456~~212,000.00 ~~456~~210,~~000~~932.0011 Group IV ~~0115442899~~0115442022 AZOH 6990.7800 01-Apr-2005 ~~220~~146,~~500~~700.00 ~~220~~146,~~262~~201.9419 Group IV ~~0115444218~~0115444572 AZCA 8075.00 01-Apr-2005 ~~400~~161,~~000~~250.00 ~~398~~160,~~624~~886.1954 Group IV ~~0115446494~~0115445744 WAMN 5385.6200 01-Apr-2005 ~~126~~310,~~000~~250.00 ~~125~~309,~~658~~031.4116

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0115222671~~0115227837 Loan Paid in Full ~~(1)~~0 117.~~550~~600% ~~240~~360 94 Group I ~~0115222739~~0115419913 Loan Paid in Full ~~(2)~~0 118.~~100~~275% ~~240~~360 64 Group I ~~0115222838~~0115423147 Loan Paid in Full ~~(1)~~0 10.~~650~~450% 240 116 Group I ~~0115241093~~0115424392 Loan Paid in Full ~~(1)~~0 97.~~990~~650% 360 35 Group I ~~0115418493~~0115431900 Loan Paid in Full ~~(1)~~0 78.100% 360 35 Group I ~~0115424087~~0115439010 Loan Paid in Full ~~(1)~~0 710.~~950~~000% 360 4 Group I ~~0115424293~~0115442485 Loan Paid in Full ~~(1)~~0 106.~~300~~650% 360 34 Group III ~~0115428666~~0115226698 Loan Paid in Full ~~(1)~~0 78.~~000~~400% 360 4 Group III ~~0115438566~~0115229015 Loan Paid in Full ~~(1)~~0 97.~~990~~300% 360 35 Group III ~~0115450074~~0115229908 Loan Paid in Full ~~(1)~~0 97.~~550~~250% 360 35 Group II ~~0115227589~~0115230237 Loan Paid in Full ~~(1)~~0 96.~~175~~650% 360 45 Group II ~~0115227985~~0115230260 Loan Paid in Full ~~(1)~~0 87.~~500~~350% 360 35 Group II ~~0115228561~~0115231383 Loan Paid in Full ~~(1)~~0 6.~~150~~250% 360 94 Group II ~~0115230419~~0115231664 Loan Paid in Full ~~(1)~~0 68.~~750~~800% 360 36 Group II ~~0115230484~~0115231961 Loan Paid in Full ~~(1)~~0 710.~~200~~650% 360 4 Group II ~~0115230526~~0115232449 Loan Paid in Full ~~(1)~~0 7.~~250~~550% 360 4 Group II ~~0115231722~~0115232597 Loan Paid in Full ~~(1)~~0 7.~~550~~400% 360 45 Group II ~~0115232027~~0115235467 Loan Paid in Full ~~(1)~~0 6.~~500~~250% 360 35 Group II ~~0115232290~~0115236903 Loan Paid in Full ~~(1)~~0 67.~~000~~800% 360 34 Group II ~~0115234114~~0115237083 Loan Paid in Full ~~(1)~~0 109.~~200~~125% 360 45 Group II ~~0115234817~~0115238388 Loan Paid in Full ~~(1)~~0 7.~~300~~900% 360 4 Group II ~~0115235152~~0115239709 Loan Paid in Full ~~(1)~~0 68.~~800~~500% 360 34 Group II ~~0115236622~~0115240798 Loan Paid in Full ~~(1)~~0 7.~~500~~300% 360 34 Group II ~~0115239113~~0115241689 Loan Paid in Full ~~(1)~~0 8.~~000~~250% 360 34 Group II ~~0115240459~~0115419004 Loan Paid in Full ~~(1)~~0 75.~~375~~850% 360 4 Group II ~~0115240806~~0115420457 Loan Paid in Full ~~(1)~~0 107.~~000~~150% 360 34 Group II ~~0115241176~~0115424517 Loan Paid in Full ~~(1)~~0 76.~~700~~990% 360 35 Group II ~~0115241218~~0115424558 Loan Paid in Full ~~(1)~~0 86.~~250~~900% 360 34 Group II ~~0115241242~~0115427759 Loan Paid in Full ~~(1)~~0 86.~~990~~250% 360 34 Group II ~~0115241937~~0115428195 Loan Paid in Full ~~(1)~~0 75.~~900~~300% 360 34 Group II ~~0115241978~~0115429508 Loan Paid in Full ~~(1)~~0 87.~~250~~600% 360 35 Group II ~~0115241986~~0115429623 Loan Paid in Full ~~(1)~~0 8.~~150~~950% 360 34 Group II ~~0115417867~~0115429961 Loan Paid in Full (1) 96.~~250~~300% 360 35 Group II ~~0115418329~~0115430266 Loan Paid in Full ~~(1)~~0 87.~~200~~850% 360 35 Group II ~~0115418469~~0115430753 Loan Paid in Full ~~(1)~~0 47.990% 360 35 Group II ~~0115423402~~0115432585 Loan Paid in Full ~~(1)~~0 78.~~600~~990% 360 34 Group II ~~0115429581~~0115436123 Loan Paid in Full ~~(1)~~0 6.~~775~~950% 360 34 Group II ~~0115433856~~0115436719 Loan Paid in Full ~~(1)~~0 76.~~800~~750% 360 34 Group II ~~0115436875~~0115438012 Loan Paid in Full ~~(1)~~0 78.~~575~~275% 360 34 Group II ~~0115440422~~0115439648 Loan Paid in Full ~~(1)~~0 87.~~537~~450% 360 34 Group II ~~0115442162~~0115440174 Loan Paid in Full ~~(1)~~0 58.~~990~~250% 360 34 Group II ~~0115442873~~0115447112 Loan Paid in Full ~~(1)~~0 76.~~700~~350% 360 34 Group II ~~0115443616~~0115449076 Loan Paid in Full ~~(1)~~0 76.~~750~~950% 360 34 Group IIIII ~~0115443624~~0115222259 Loan Paid in Full ~~(1)~~0 79.650% ~~360~~240 35 Group IIIII ~~0115444036~~0115239824 Loan Paid in Full ~~(1)~~0 610.~~975~~750% ~~360~~240 34 Group IIIII ~~0115447401~~0115415945 Loan Paid in Full ~~(1)~~0 76.~~888~~100% 360 36 Group IIIII ~~0115448334~~0115420804 Loan Paid in Full ~~(1)~~0 6.~~400~~250% 360 94 Group IIIII ~~0115449217~~0115424533 Loan Paid in Full ~~(1)~~0 7.~~850~~100% 360 34 Group IIIII ~~0115449829~~0115425498 Loan Paid in Full ~~(1)~~0 711.~~550~~000% 360 35 Group III ~~0115221947~~0115426058 Loan Paid in Full ~~(1)~~0 106.~~700~~650% ~~240~~360 34 Group III ~~0115221962~~0115426074 Loan Paid in Full ~~(1)~~0 118.~~150~~500% ~~240~~360 45 Group III ~~0115222895~~0115437907 Loan Paid in Full ~~(1)~~0 97.~~150~~875% 360 34 Group III ~~0115418691~~0115439747 Loan Paid in Full ~~(1)~~0 610.~~250~~650% 360 34 Group ~~III~~IV ~~0115422248~~0115228090 Loan Paid in Full ~~(1)~~0 117.500% 360 34 Group ~~III~~IV ~~0115424764~~0115229189 Loan Paid in Full ~~(1)~~0 56.~~990~~000% 360 45 Group IV ~~0115227019~~0115229783 Loan Paid in Full ~~(1)~~0 7.~~700~~800% 360 4 Group IV ~~0115227928~~0115230328 Loan Paid in Full ~~(1)~~0 86.~~700~~850% 360 4 Group IV ~~0115228967~~0115230492 Loan Paid in Full ~~(1)~~0 75.~~650~~700% 360 4 Group IV ~~0115229171~~0115232464 Loan Paid in Full ~~(1)~~0 7.~~350~~250% 360 34 Group IV ~~0115230922~~0115232761 Loan Paid in Full ~~(1)~~0 7.~~990~~700% 360 45 Group IV ~~0115231466~~0115233777 Loan Paid in Full ~~(1)~~0 97.~~750~~650% 360 35 Group IV ~~0115233249~~0115234767 Loan Paid in Full ~~(1)~~0 65.~~000~~950% 360 5 Group IV ~~0115233447~~0115234874 Loan Paid in Full ~~(1)~~0 58.~~750~~800% 360 34 Group IV ~~0115234585~~0115235079 Loan Paid in Full ~~(1)~~0 86.~~450~~650% 360 4 Group IV ~~0115234734~~0115235228 Loan Paid in Full ~~(1)~~0 86.~~300~~625% 360 4 Group IV ~~0115234858~~0115235269 Loan Paid in Full ~~(1)~~0 56.~~700~~950% 360 34 Group IV ~~0115235277~~0115241234 Loan Paid in Full ~~(1)~~0 58.~~990~~050% 360 34 Group IV ~~0115235996~~0115241416 Loan Paid in Full ~~(1)~~0 56.~~800~~300% 360 34 Group IV ~~0115238164~~0115417644 Loan Paid in Full ~~(1)~~0 9.~~700~~250% 360 45 Group IV ~~0115238420~~0115420846 Loan Paid in Full ~~(1)~~0 76.~~500~~550% 360 34 Group IV ~~0115238677~~0115421703 Loan Paid in Full ~~(1)~~0 67.~~990~~500% 360 34 Group IV ~~0115238693~~0115422008 Loan Paid in Full ~~(1)~~0 6.~~650~~100% 360 34 Group IV ~~0115240103~~0115424269 Loan Paid in Full ~~(1)~~0 89.~~300~~990% 360 34 Group IV ~~0115241812~~0115428021 Loan Paid in Full ~~(1)~~0 610.~~500~~250% 360 34 Group IV ~~0115418808~~0115429292 Loan Paid in Full ~~(1)~~0 89.~~000~~550% 360 34 Group IV ~~0115421794~~0115429557 Loan Paid in Full ~~(1)~~0 7.~~250~~750% 360 35 Group IV ~~0115427213~~0115430084 Loan Paid in Full ~~(1)~~0 7.~~500~~875% 360 45 Group IV ~~0115431025~~0115436099 Loan Paid in Full ~~(1)~~0 87.750% 360 4 Group IV ~~0115432619~~0115439689 Loan Paid in Full ~~(1)~~0 86.~~990~~750% 360 34 Group IV ~~0115438053~~0115440083 Loan Paid in Full ~~(1)~~0 85.~~000~~900% 360 34 Group IV ~~0115438137~~0115441222 Loan Paid in Full ~~(1)~~0 87.~~100~~250% 360 34 Group IV ~~0115440448~~0115441453 Loan Paid in Full ~~(1)~~0 85.~~500~~990% 360 34 Group IV ~~0115440695~~0115442022 Loan Paid in Full ~~(1)~~0 68.~~150~~000% 360 34 Group IV ~~0115442899~~0115444572 Loan Paid in Full ~~(1)~~0 129.~~350~~990% 360 34 Group IV ~~0115444218~~0115445744 Loan Paid in Full ~~(1)~~0 67.~~800~~275% 360 ~~3 Group IV 0115446494 Loan Paid in Full (1) 8.000% 360 3~~4

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 12.~~985~~136% Current Month 2122.~~383~~823% Current Month 32,~~200~~628.~~215~~649% 3 Month Average 01.~~000~~727% 3 Month Average 018.~~000~~739% 3 Month Average 02,797.~~000~~353% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 12.011% N/A Jun-2005 2,563.195% N/A Jul-2005 21.383% N/A Jul-2005 3,200.215% N/A Aug-2005 22.823% N/A Aug-2005 2,628.649% 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 01.~~960~~242% Current Month 1013.~~931~~922% Current Month 1,~~553~~540.~~704~~665% 3 Month Average 0.~~000~~812% 3 Month Average 09.~~000~~215% 3 Month Average 01,215.~~000~~887% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 2.792% N/A Jun-2005 553.293% N/A Jul-2005 10.931% N/A Jul-2005 1,553.704% N/A Aug-2005 13.922% N/A Aug-2005 1,540.665% 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 2.~~369~~071% Current Month 2522.~~004~~203% Current Month 32,~~803~~591.~~435~~389% 3 Month Average 01.~~000~~828% 3 Month Average 019.~~000~~681% 3 Month Average 02,992.~~000~~125% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 11.836% N/A Jun-2005 2,581.553% N/A Jul-2005 25.004% N/A Jul-2005 3,803.435% N/A Aug-2005 22.203% N/A Aug-2005 2,591.389% 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 III SMM CPR PSA Current Month 01.~~659~~473% Current Month 716.~~631~~307% Current Month 1,~~044~~750.~~551~~541% 3 Month Average 0.~~000~~729% 3 Month Average 08.~~000~~202% 3 Month Average 0973.~~000~~621% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.667% N/A Jun-2005 125.771% N/A Jul-2005 7.631% N/A Jul-2005 1,044.551% N/A Aug-2005 16.307% N/A Aug-2005 1,750.541% 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 IV SMM CPR PSA Current Month 2.~~117~~535% Current Month 2226.~~643~~513% Current Month 3,~~443~~090.~~534~~733% 3 Month Average 02.~~000~~037% 3 Month Average 021.~~000~~773% 3 Month Average 03,355.~~000~~557% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 16.163% N/A Jun-2005 3,532.403% N/A Jul-2005 22.643% N/A Jul-2005 3,443.534% N/A Aug-2005 26.513% N/A Aug-2005 3,090.733% 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 N/A N/A May-2005 N/A 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 N/A N/A May-2005 N/A 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 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A 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 N/A N/A May-2005 N/A 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 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A 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 N/A N/A May-2005 N/A 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 III 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 N/A N/A May-2005 N/A 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 N/A N/A May-2005 N/A 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 IV 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 N/A N/A May-2005 N/A 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 N/A N/A May-2005 N/A 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)

EX-99.2

Contact US: RMG T: 718-858-6050 Risk Management Group E:info@rmgglobal.com W:www.rmgglobal.com Bankruptcy Report Date: 78/2830/2005 104:1834:1827 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~ Investor Ln Nbr Chapter Current Value Confirmation Date Current UPB ~~Plan Paid to Date~~ Loan Number Filing Date Sr/Jr Lien Bal Prepetition Due Servicer Name Date Originator ~~1000757602~~1000279193 513 $128,000.00 $107,107.58 20230256 7/1812/2005 $~~210~~0.00 Chase 1000468407 7 $90,000.00 $59,850.72 20231346 7/12/2005 $0.00 Chase 1000757602 7 $209,171.00 $167,282.56 ~~1000757602~~20239976 7/12/2005 $0.00 ~~New~~Chase ~~Century~~ 1000757924 57 $209,171.00 $41,584.10 20240024 7/1812/2005 $~~210~~167,300.00 Chase 1000803697 13 $174,000.00 $41153,~~638~~962.7705 ~~1000757924~~20246286 7/30/2005 $0.00 ~~New~~Chase ~~Century~~ 1000823684 ~~6/11/2005~~7 $~~195~~182,~~000~~319.00 $145,~~514~~380.9719 ~~1000823684~~20249272 7/12/2005 $0.00 ~~New~~Chase ~~Century~~ 1000829330 67 $182,319.00 $36,246.17 20250247 7/1112/2005 $~~195~~145,855.00 Chase 1000836377 7 $105,000.00 $3689,~~318~~074.5253 ~~1000829330~~20251278 7/12/2005 $0.00 ~~New~~Chase ~~Century~~1000869322 ~~1000889747~~13 3$340,000.00 $179,512.02 20256079 7/812/2005 $~~479~~0.00 Chase 1000884662 7 $350,000.00 $~~394~~296,~~320~~910.2825 ~~1000889747~~20257747 7/26/2005 $0.00 ~~New~~Chase ~~Century~~1000956674 ~~1000939355~~7 3$219,000.00 $174,603.24 20265443 7/2212/2005 $~~241~~0.00 Chase 1000960222 7 $168,000.00 $~~189~~159,~~819~~600.7100 ~~1000939355~~20265930 7/12/2005 $0.00 ~~New~~Chase ~~Century~~1000976714 ~~1000956674~~7 6$93,000.00 $92,726.84 20267472 7/612/2005 $~~219~~0.00 Chase 1001056840 7 $99,000.00 $~~174~~78,~~753~~991.7150 ~~1000956674~~20272787 7/12/2005 $0.00 ~~New~~Chase ~~Century~~1001065778 ~~1000976714~~7 5$120,000.00 $95,644.57 20273017 7/412/2005 $930.00 Chase 1001069658 7 $127,~~500~~000.00 $92101,~~794~~218.7271 ~~1000976714~~20273066 7/12/2005 $0.00 ~~New~~Chase ~~Century~~1001136381 ~~1974161~~13 2$101,000.00 $90,634.29 20274304 7/412/2005 $0.00 Chase 1974161 7 $312,000.00 $279,~~991~~785.4614 ~~1974161~~20275350 7/12/2005 $0.00 ~~New~~Chase ~~Century~~ 2022550 ~~3/30/2005~~13 $171,500.00 $128,509.50 ~~2022550~~20276341 7/12/2005 $0.00 ~~New~~Chase ~~Century~~ 2028462 ~~4/25/2005~~7 $295,000.00 $235,~~486~~313.8764 ~~2028462~~20277182 7/12/2005 $0.00 ~~New~~Chase ~~Century~~2042995 ~~2051455~~13 ~~5/10/2005~~ $115,000.00 $9197,~~843~~676.7572 ~~2051455~~20279634 7/27/2005 $0.00 ~~New~~Chase ~~Century~~2043003 ~~2055836~~7 5$495,000.00 $363,879.41 20279642 7/1814/2005 $~~377~~0.00 Chase 2055415 7 $140,000.00 $~~263~~111,~~670~~766.5598 ~~2055836~~20282406 7/20/2005 $0.00 ~~New~~Chase ~~Century~~ Bankruptcy Report (~~cont.~~Continued) Date: 78/2830/2005 104:1834:1827 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~Plan ~~Investor~~Paid Lnto ~~Nbr~~Date Post Petition Due End Date Amount Last Paid Last Payment ~~Loan~~Date ~~Number Due~~ Date Dismissal Date ~~Paid~~$651.57 ~~Date~~7/31/2005 ~~Servicer~~$426.44 ~~Name~~$996.73 ~~Originator~~7/5/2005 ~~1000757602~~ $~~1,014~~410.2733 7/5/~~13/~~2005 ~~1000757602 New Century 1000757924~~ $~~518~~1,420.2773 57/1330/2005 ~~1000757924 New Century 1000823684~~ $1,~~227~~020.3100 67/622/2005 ~~1000823684~~$375.00 ~~New~~7/22/2005 ~~Century~~$664.25 ~~1000829330~~7/20/2005 $~~449~~1,320.1578 67/37/2005 ~~1000829330 New Century 1000889747~~ $32,~~576~~600.3900 67/622/2005 ~~1000889747 New Century 1000939355~~ $1,~~169~~148.8702 37/18/2005 ~~1000939355~~$950.95 ~~New Century 1000956674~~ $~~1,446~~663.3931 6/1330/2005 ~~1000956674 New Century 1000976714~~ $~~802~~693.0390 67/125/2005 ~~1000976714 New Century 1974161~~ $~~2,610~~663.3487 67/629/2005 ~~1974161 New Century 2022550~~ $~~1,182~~632.0220 67/15/2005 ~~2022550~~$643.39 ~~New~~7/25/2005 ~~Century 2028462~~ $2,~~017~~002.6393 67/614/2005 ~~2028462~~$1,065.56 ~~New Century 2051455~~ $~~838~~1,674.5846 67/8/2005 ~~2051455~~$606.41 ~~New Century 2055836~~ $12,~~702~~272.8972 57/1614/2005 ~~2055836~~$983.58 ~~New Century~~7/22/2005

RMG Risk Management Group Default Summary Dashboard (OTS) Date: 78/2830/2005 94:0633:2310 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 Delinquencies Per Servicer CURRENT 30 60 90+ Total Count UPB Count UPB Count UPB Count UPB Count UPB Delinquent N/A N/A 567 $110,~~020~~456,~~399~~565.3466 023 $03,674,314.0078 ~~Foreclosure~~ 0 $0.00 090 $~~0.00 0 $0.00 Bankruptcy 13 $2~~14,~~241~~130,~~945~~880.3744 0Foreclosure $0~~.00~~ 0 $0.00 ~~REO N/A N/A~~ 0 $0.00 0 $0.00 ~~FB(Contractual)~~ 0 $0.00 0 $0.00 0Bankruptcy ~~$0.00~~20 ~~Total 13~~ $2,~~241~~901,~~945~~474.3749 52 $288,109.50 1 $97,~~020,399~~676.3472 0 $0.00 ~~Trustee~~23 ~~Per~~$3,287,260.71 ~~Servicer CURRENT 30 60 Count UPB Count UPB Count UPB Delinquent Foreclosure Bankruptcy~~ REO ~~FB(Contractual) Total Trustee Report Foreclosure Top 5 States State Count UPB % of Total UPB Average Days In Foreclosure Default Summary Dashboard (OTS) Date: 7~~N/~~28/2005~~A ~~9:06:23 AM Deal Number: SASCO 2005-NC2 Report As of: 6~~N/~~30/2005~~A ~~Delinquencies Per Servicer 90+ Total Count UPB Count UPB Delinquent~~ 0 $0.00 50 $~~1,020,399~~0.3400 ~~Foreclosure~~ 0 $0.00 0 $0.00 ~~Bankruptcy~~FB(Contractual) 0 $0.00 ~~13 $2,241,945.37 REO~~ 0 $0.00 0 $0.00 ~~FB(Contractual)~~ 0 $0.00 0 $0.00 Total 20 $2,901,474.49 69 $10,744,675.16 24 $3,771,991.50 0 $0.00 18113 $317,~~262~~418,~~344~~141.7115 Trustee Per Servicer CURRENT 30 60 90+ Total Count UPB Count UPB Count UPB Count UPB Count UPB Delinquent Foreclosure Bankruptcy REO FB(Contractual) Total 0 $0.00 Trustee Report Foreclosure Top 5 States State Count UPB % of Total UPB Average Days In Foreclosure State Average

RMG Risk Management Group Focus Report Date: 7/28/2005 10:21:49 AM Deal Number: SASCO 2005-NC2 Status Code: Delinq Investor Ln Nbr Lien State First Pmt Valuation Method Orig. Value Loan Number Status FICO(Date) Next Contr Due Valuation Date Current Value Servicer Name Aging/Delinquency Dt. Originator 1000787232 1 FL 4/1/2005 $130,000.00 1000787232 DELINQ/ 636() 5/1/2005 $130,000.00 New Century (59/59) 1000814514 1 CA 3/1/2005 $500,000.00 1000814514 DELINQ/ 672() 5/1/2005 $500,000.00 New Century (59/59) 1000918154 1 CT 4/1/2005 $220,000.00 1000918154 DELINQ/ 565() 5/1/2005 $220,000.00 New Century (59/59) 1000953613 1 OK 4/1/2005 $170,000.00 1000953613 DELINQ/ 587() 5/1/2005 $170,000.00 New Century (59/59) 1001094522 1 CA 4/1/2005 $334,000.00 1001094522 DELINQ/ 577() 5/1/2005 $334,000.00 New Century (59/59) Focus Report Date: 7/28/2005 10:21:49 AM Deal Number: SASCO 2005-NC2 Investor Ln Nbr Orig. Amount OLTV BPO Var. % Boarding Date Status History Loan Number Current Bal LTV Loan Type Sr/Jr Lien Bal Servicer Name Originator 1000787232 $99,900.00 76.85% 0.00% 1000787232 $99,810.13 76.77% 1 $0.00 New Century 1000814514 $360,000.00 72.00% 0.00% 1000814514 $360,000.00 72.00% 1 $0.00 New Century 1000918154 $175,000.00 79.55% 0.00% 1000918154 $174,868.82 79.48% 1 $0.00 New Century 1000953613 $136,000.00 80.00% 0.00% 1000953613 $135,905.93 79.94% 1 $0.00 New Century 1001094522 $250,000.00 74.85% 0.00% 1001094522 $249,814.46 74.79% 1 $0.00 New Century

RMG Risk Management Group ~~Foreclosure~~Forecasted Losses Report Date: 78/2830/2005 104:2542:5428 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~ Investor Ln Nbr Lien State First Pmt Valuation Method Orig. Value Loan Number Position FICO(Date) Last Paid Dt. Valuation Date Current Value Servicer Name Aging~~/Delinquency~~ Originator NoForecasted ~~data~~Losses ~~to report at this time. Foreclosure~~ Report (Continued) Date: 78/2830/2005 104:2542:5428 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2 Investor Ln Nbr~~ Orig. Amount OLTV BPO Var. % Boarding Date Status History ~~Loan Number~~ Current Bal LTV Loan Type Sr/Jr Lien Bal ~~Servicer~~Est. ~~Name~~Loss ~~Originator~~Total NoEst. ~~data~~Loss: ~~to report at this time~~$0.00

RMG Risk Management Group ~~GainsLosses~~Foreclosure Report Date: 78/2830/2005 104:2835:4306 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~ Investor Ln Nbr ~~Original~~Lien ~~UPB~~State ~~Current~~First ~~Value~~Pmt ~~Total~~Valuation ~~Waived~~Method ~~PPP~~Orig. Value Loan Number ~~Current~~Position ~~UPB~~FICO(Date) ~~Sr/Jr~~Last ~~Lien~~Paid ~~Bal~~Dt. ~~Expenses~~Valuation ~~Servicer~~Date ~~Name~~Current ~~Originator~~Value NoServicer ~~data~~Name toAging/Delinquency ~~report~~Originator atForeclosure ~~this time. GainsLosses~~ Report (~~cont.~~Continued) Date: 78/2830/2005 104:2835:4306 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~Orig. ~~Investor~~Amount LnOLTV ~~Nbr~~BPO ~~Disposition~~Var. ~~Insurance~~% ~~Forecasted~~Boarding ~~Loss~~Date ~~Actual~~Status ~~Gain(Loss)~~History ~~Loss~~Current ~~Severity~~Bal LTV Loan ~~Number~~Type ~~Proceeds~~Sr/Jr ~~Proceeds~~Lien ~~Servicer Name Originator No data to report at this time.~~Bal

RMG Risk Management Group ~~Lehman~~GainsLosses ~~Brothers~~Report ~~SASCO~~Date: ~~2005-NC2 6~~8/30/2005 ~~Client Name~~4:38:07 ~~Lehman~~PM ~~Brothers~~Deal ~~Security~~Number: SASCO 2005-NC2 ~~Date~~Report ofAs ~~Report~~of: 67/30/2005 ~~Hightlight~~Investor ~~Summary~~Ln ~~Non-Performing~~Nbr ~~Loans:~~Original ~~Delinquencies:~~UPB ~~There~~Current ~~are~~Value aTotal ~~total~~Waived ofPPP 5Loan ~~loans~~Number ~~that~~Current ~~are~~UPB ~~delinquent;~~Sr/Jr ofLien ~~which~~Bal 0Expenses ~~are~~Servicer ~~delinquent~~Name ~~for~~Originator 90GainsLosses ~~days~~Report or more. Foreclosures: There are a total of 0 loans that are in foreclosure. In reviewing the loans in foreclosure we have noted and are taking action on the following exceptions: Loans in Foreclosure >= 60 days beyond state average: 0 Loans with Late FC Initiation (~~>= 100 days del~~Continued): ~~0 Loans in FC with a BPO >= 180 days old~~Date: ~~0 Bankruptcies: There are a total of 13 loans in bankruptcy. In reviewing the loans in bankruptcy we have noted and are taking action on the following exceptions: BKs with End~~8/~~Dismissal Dates: 0 Chapter 7 BKs >= 150 days old: 0 Non-performing Chapter 11~~30/132005 ~~BKs 0 Forbearances~~4: ~~There are a total of 0 loans in forbearance. In reviewing the loans in forbearance we have noted and are taking action on the following exceptions~~38:07 ~~Non-performing~~PM ~~FBs:~~Deal ~~0 REOs There are a total of 0 loans in REO. In reviewing the loans in REO we have noted and are taking action on the following exceptions~~Number: ~~REO~~SASCO Eviction Initiation Exceptions: 0 REO Listing Timeline Exceptions: 0 REO in Inventory >= 200 days: 0 Paid Off Loans: There are a total of 86 loans which paid off during the month. The total upb paidoff $18,950,732. In reviewing the loans that paid off during the month we have noted and are taken action on the following: Missing Prepayment Premiums: 1 We have emailed the servicer requesting an explanation as to why this premium was not collected. Loans with Negative BPO variance: There are a total of 0 loans with a total upb of $0.00 which have a negative BPO variance. RMG has contacted the servicer(s) for loans with a negative variance >= to 2005-~~40%~~NC2 ~~requesting~~Report an explanation for the significant decline in the value of these properties. RMG will advise you if our investigation uncovers any declines due to a fraudulent appraisal. First Payment Defaults: There are a total of 0 loans with a total upb of $0.00 which appear to have defaulted on there first payment. RMG has contacted the servicer(s) to confirm that they are, in fact, first payment defaults and will advise you once we receive this confirmation. RMG is actively monitoring this pool of loans against FNMA and industry guidelines and has developed a series of exception reports that will contain the loan level detail for any exceptions summarized above. As the servicer(s)respond to our queries concerning these exceptions, their responses will be incorporated into our loan level reports for you to view. Additionally, RMG is working closely with the servicer(s) in ensuring that all defaults are being properly managed and expedited. Insurance: Insurance: Insurance Claims Pending: There are a total of 0 claims pending with a total claim amount of $ 0.00 . Of the total claims pending, 0 claims are pending >=90 days. RMG has sent an email to the servicer(s) requesting an explanation as to the delay in settling these claims. Insurance Claims Settled: ~~There~~7/30/2005 ~~are~~Disposition a total of 0 claims that were paid this month totaling $00.00. Of the total paid claims, 0 were settled for less than the amount claimed. RMG has sent an email to the servicer(s) requesting an explanation for the curtailments in the claim amount. Insurance ~~Claims~~Forecasted ~~Rejected:~~Loss ~~There~~Actual ~~are a total of 0 claims that were rejected. RMG has sent an email to the servicer~~Gain(sLoss) ~~requesting an explanation for each reject. Other: Forecasted~~ Loss ~~Report:~~Severity ~~There~~Proceeds are 0 loans appearing on this report with a total estimate loss for all loans amounting to $0.00. These loans are in either foreclosure or REO at the present time and will potentially result in a loss at the completion of the liquidation process. Watchlist Report: This report contains 0 loans which are currently delinquent but may result in a future loss if they are not managed back into a performing status. Attachment: Not Available * If you are asked to authenticate again, please enter username and password you were assigned to.Proceeds

RMG Risk Management Group Insurance Claims Settled Date: 78/2830/2005 104:2235:5933 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~ Investor Ln Nbr Original UPB Original Value Original LTV MI Cert. # MI Cov. % Loan Number Current UPB Current Value Current LTV MI Company Cov. Type Servicer Name Originator NoInsurance ~~data~~Claims toSettled ~~report~~(Continued) atDate: ~~this~~8/30/2005 ~~time.~~4:35:33 ~~Investor~~PM LnDeal ~~Nbr~~Number: SASCO 2005-NC2 Report As of: 7/30/2005 HZ Claim Dt HZ Claim HZ Claim Settled HZ Amt Paid Claim Close ~~Loan Number~~ MI Claim Dt Amount MI Claim Settled MI Amt Paid Method ~~Servicer Name~~ MI Claim Amount ~~Originator No data to report at this time.~~

RMG Risk Management Group Insurance Pending Claims Date: 78/2830/2005 104:2735:5253 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~ Investor Ln Nbr Original UPB Original Value Original LTV MILoan ~~Cert.~~Number #Current MIUPB ~~Cov.~~Current %Value HZCurrent ~~Claim~~LTV DtServicer HZName ~~Claim~~Originator ~~Amount~~Insurance ~~Loan~~Pending Claims (Continued) Date: 8/30/2005 4:35:53 PM Deal Number: ~~Current~~SASCO ~~UPB~~2005-NC2 ~~Current~~Report ~~Value~~As ~~Current~~of: ~~LTV~~7/30/2005 MI ~~Company~~Cert. # MI Cov. ~~Type~~% MIHZ Claim Dt MIHZ Claim Amount ~~Servicer~~MI ~~Name~~Company ~~Originator~~Cov. NoType ~~data~~MI toClaim ~~report~~Dt atMI ~~this~~Claim ~~time.~~Amount

RMG Risk Management Group Loan Prepayment Summary Date: 7/28/2005 10:24:00 AM Deal Number: SASCO Report As of: 6/30/2005 2005-NC2 Investor Ln Nbr Date of Prepayment APF Flag (Y/N) Prepayment Premium Due Loan Number Servicer Name Originator 1000168632 6/27/2005 N 1000168632 New Century 1000177249 6/27/2005 Y 1000177249 New Century 1000444166 6/27/2005 Y 1000444166 New Century 1000535399 6/1/2005 N 1000535399 New Century 1000549534 6/16/2005 Y 1000549534 New Century 1000576353 6/3/2005 Y 1000576353 New Century 1000608550 6/27/2005 Y 1000608550 New Century 1000608747 6/29/2005 Y 1000608747 New Century 1000646689 6/9/2005 Y 1000646689 New Century 1000662893 6/15/2005 Y 1000662893 New Century 1000678029 6/24/2005 N 1000678029 New Century 1000678127 6/23/2005 Y 1000678127 New Century 1000714935 6/30/2005 N 1000714935 New Century 1000720786 6/16/2005 N 1000720786 New Century 1000737260 6/27/2005 N 1000737260 New Century 1000750681 6/29/2005 Y 1000750681 New Century 1000754650 6/9/2005 Y 1000754650 New Century 1000766497 6/16/2005 N 1000766497 1000767370 6/16/2005 Y 1000767370 New Century 1000773238 6/17/2005 Y 1000773238 New Century 1000778091 6/29/2005 N 1000778091 New Century 1000789061 6/22/2005 N 1000789061 New Century 1000791067 6/22/2005 Y 1000791067 New Century 1000797980 6/22/2005 Y 1000797980 New Century 1000801314 6/14/2005 N 1000801314 New Century 1000810377 6/24/2005 Y 1000810377 New Century 1000811795 6/14/2005 N 1000811795 New Century 1000826057 6/23/2005 Y 1000826057 New Century 1000827662 6/6/2005 N 1000827662 New Century 1000828901 6/13/2005 Y 1000828901 New Century 1000839052 6/3/2005 N 1000839052 New Century 1000839533 6/29/2005 N 1000839533 New Century 1000839659 6/29/2005 Y 1000839659 New Century 1000840923 6/28/2005 N 1000840923 New Century 1000845580 6/13/2005 Y 1000845580 New Century 1000850118 6/2/2005 Y 1000850118 New Century 1000851215 6/21/2005 Y 1000851215 New Century 1000855827 6/6/2005 Y 1000855827 New Century 1000861375 6/9/2005 N 1000861375 New Century 1000867486 6/17/2005 N 1000867486 New Century 1000870481 6/6/2005 Y 1000870481 New Century 1000873200 6/27/2005 Y 1000873200 New Century 1000876243 6/29/2005 N 1000876243 New Century 1000877652 6/9/2005 Y 1000877652 New Century 1000879213 6/30/2005 N 1000879213 New Century 1000889505 6/6/2005 Y 1000889505 New Century 1000893965 6/6/2005 Y 1000893965 New Century 1000897444 6/28/2005 N 1000897444 New Century 1000897729 6/6/2005 Y 1000897729 New Century 1000910296 6/8/2005 N 1000910296 New Century 1000931530 6/20/2005 N 1000931530 New Century 1000935359 6/30/2005 N 1000935359 New Century 1000947159 6/7/2005 Y 1000947159 New Century 1000951287 6/30/2005 Y 1000951287 New Century 1000952080 6/21/2005 N 1000952080 New Century 1000954177 6/6/2005 Y 1000954177 New Century 1000956861 6/16/2005 N 1000956861 New Century 1000958618 6/9/2005 N 1000958618 New Century 1000964442 6/29/2005 N 1000964442 New Century 1000974217 6/27/2005 Y 1000974217 New Century 1000985562 6/2/2005 N 1000985562 New Century 1000987392 6/13/2005 Y 1000987392 1000997309 6/9/2005 N 1000997309 New Century 1000997620 6/3/2005 N 1000997620 New Century 1001002792 6/28/2005 Y 1001002792 New Century 1001013254 6/8/2005 N 1001013254 New Century 1001017376 6/15/2005 N 1001017376 New Century 1001044863 6/16/2005 Y 1001044863 New Century 1648185 6/2/2005 Y 1648185 New Century 1745779 6/7/2005 N 1745779 New Century 1746784 6/7/2005 N 1746784 New Century 1821007 6/22/2005 Y 1821007 New Century 1903175 6/7/2005 Y 1903175 New Century 1942477 6/23/2005 N 1942477 New Century 2034252 6/24/2005 Y 2034252 New Century 2037583 6/24/2005 Y 2037583 New Century 2039371 6/22/2005 N 2039371 New Century 2039929 6/27/2005 N 2039929 New Century 2040269 6/6/2005 Y 2040269 New Century 2040389 6/3/2005 N 2040389 New Century 2041430 6/2/2005 Y 2041430 New Century 2041986 6/30/2005 Y 2041986 New Century 2044179 6/23/2005 Y 2044179 New Century 2052263 6/1/2005 N 2052263 New Century 2059054 6/2/2005 Y 2059054 New Century 2061141 6/30/2005 Y 2061141 New Century Loan Prepayment Summary (cont.) Date: 7/28/2005 10:24:00 AM Deal Number: SASCO Report As of: 6/30/2005 2005-NC2 Investor Ln Nbr Premium Due Prepayment Premium Prepayment Amount Total Prepayment Loan Number Received on APF Loan Servicer Name Originator 1000168632 $0.00 $74,889.55 $74,889.55 1000168632 New Century 1000177249 $2,401.94 $62,870.93 $65,272.87 1000177249 New Century 1000444166 $8,686.49 $285,371.90 $294,058.39 1000444166 New Century 1000535399 $0.00 $293,516.88 $293,516.88 1000535399 New Century 1000549534 $12,668.73 $381,524.20 $394,192.93 1000549534 New Century 1000576353 $2,020.85 $201,945.49 $203,966.34 1000576353 New Century 1000608550 $6,322.38 $243,334.66 $249,657.04 1000608550 New Century 1000608747 $2,509.26 $60,923.40 $63,432.66 1000608747 New Century 1000646689 $5,947.63 $201,379.50 $207,327.13 1000646689 New Century 1000662893 $6,691.25 $291,733.64 $298,424.89 1000662893 New Century 1000678029 $0.00 $199,363.98 $199,363.98 1000678029 New Century 1000678127 $5,855.06 $190,030.04 $195,885.10 1000678127 New Century 1000714935 $0.00 $27,622.49 $27,622.49 1000714935 New Century 1000720786 $0.00 $130,621.06 $130,621.06 1000720786 New Century 1000737260 $0.00 $232,906.90 $232,906.90 1000737260 New Century 1000750681 $5,810.43 $580,434.77 $586,245.20 1000750681 New Century 1000754650 $4,805.75 $138,074.69 $142,880.44 1000754650 New Century 1000766497 $0.00 $159,459.00 $159,459.00 1000766497 1000767370 $10,769.45 $358,845.22 $369,614.67 1000767370 New Century 1000773238 $5,534.46 $184,445.63 $189,980.09 1000773238 New Century 1000778091 $0.00 $210,426.82 $210,426.82 1000778091 New Century 1000789061 $0.00 $163,621.43 $163,621.43 1000789061 New Century 1000791067 $1,198.90 $59,793.68 $60,992.58 1000791067 New Century 1000797980 $2,220.13 $81,887.77 $84,107.90 1000797980 New Century 1000801314 $0.00 $200,267.41 $200,267.41 1000801314 New Century 1000810377 $5,388.34 $199,480.49 $204,868.83 1000810377 New Century 1000811795 $0.00 $247,422.97 $247,422.97 1000811795 New Century 1000826057 $10,446.56 $436,000.00 $446,446.56 1000826057 New Century 1000827662 $0.00 $372,197.17 $372,197.17 1000827662 New Century 1000828901 $2,393.09 $119,654.49 $122,047.58 1000828901 New Century 1000839052 $0.00 $336,767.30 $336,767.30 1000839052 New Century 1000839533 $0.00 $418,919.63 $418,919.63 1000839533 New Century 1000839659 $6,941.58 $302,046.39 $308,987.97 1000839659 New Century 1000840923 $0.00 $139,476.00 $139,476.00 1000840923 New Century 1000845580 $1,186.37 $148,254.30 $149,440.67 1000845580 New Century 1000850118 $1,586.17 $43,927.13 $45,513.30 1000850118 New Century 1000851215 $0.00 $135,616.07 $135,616.07 1000851215 New Century 1000855827 $11,278.51 $385,793.40 $397,071.91 1000855827 New Century 1000861375 $0.00 $323,363.09 $323,363.09 1000861375 New Century 1000867486 $0.00 $295,537.19 $295,537.19 1000867486 New Century 1000870481 $403.20 $50,303.80 $50,707.00 1000870481 New Century 1000873200 $4,743.13 $296,085.02 $300,828.15 1000873200 New Century 1000876243 $0.00 $179,620.23 $179,620.23 1000876243 New Century 1000877652 $5,967.72 $196,376.36 $202,344.08 1000877652 New Century 1000879213 $0.00 $282,399.97 $282,399.97 1000879213 New Century 1000889505 $12,681.65 $453,373.60 $466,055.25 1000889505 New Century 1000893965 $5,666.92 $171,668.70 $177,335.62 1000893965 New Century 1000897444 $0.00 $223,683.91 $223,683.91 1000897444 New Century 1000897729 $8,758.64 $388,760.96 $397,519.60 1000897729 New Century 1000910296 $0.00 $239,030.87 $239,030.87 1000910296 New Century 1000931530 $0.00 $304,797.57 $304,797.57 1000931530 New Century 1000935359 $0.00 $220,323.12 $220,323.12 1000935359 New Century 1000947159 $1,170.87 $116,980.14 $118,151.01 1000947159 New Century 1000951287 $5,102.65 $319,132.50 $324,235.15 1000951287 New Century 1000952080 $0.00 $27,499.57 $27,499.57 1000952080 New Century 1000954177 $10,959.20 $412,000.00 $422,959.20 1000954177 New Century 1000956861 $0.00 $379,999.97 $379,999.97 1000956861 New Century 1000958618 $0.00 $80,494.80 $80,494.80 1000958618 New Century 1000964442 $0.00 $52,429.58 $52,429.58 1000964442 New Century 1000974217 $3,973.43 $125,830.34 $129,803.77 1000974217 New Century 1000985562 $0.00 $31,543.54 $31,543.54 1000985562 New Century 1000987392 $7,777.24 $257,151.75 $264,928.99 1000987392 1000997309 $0.00 $146,433.51 $146,433.51 1000997309 New Century 1000997620 $0.00 $439,194.67 $439,194.67 1000997620 New Century 1001002792 $11,063.93 $456,000.00 $467,063.93 1001002792 New Century 1001013254 $0.00 $327,873.66 $327,873.66 1001013254 New Century 1001017376 $0.00 $309,352.51 $309,352.51 1001017376 New Century 1001044863 $4,182.52 $174,473.73 $178,656.25 1001044863 New Century 1648185 $1,823.44 $42,818.99 $44,642.43 1648185 New Century 1745779 $0.00 $150,407.39 $150,407.39 1745779 New Century 1746784 $0.00 $37,557.87 $37,557.87 1746784 New Century 1821007 $8,724.48 $340,800.00 $349,524.48 1821007 New Century 1903175 $6,104.05 $254,225.17 $260,329.22 1903175 New Century 1942477 $0.00 $39,026.11 $39,026.11 1942477 New Century 2034252 $1,500.02 $150,001.64 $151,501.66 2034252 New Century 2037583 $7,929.36 $288,032.27 $295,961.63 2037583 New Century 2039371 $0.00 $220,919.26 $220,919.26 2039371 New Century 2039929 $0.00 $347,719.21 $347,719.21 2039929 New Century 2040269 $1,618.31 $80,905.52 $82,523.83 2040269 New Century 2040389 $0.00 $258,122.45 $258,122.45 2040389 New Century 2041430 $3,393.53 $67,805.42 $71,198.95 2041430 New Century 2041986 $3,801.27 $118,735.09 $122,536.36 2041986 New Century 2044179 $4,173.14 $136,203.21 $140,376.35 2044179 New Century 2052263 $0.00 $398,971.06 $398,971.06 2052263 New Century 2059054 $2,335.68 $233,199.64 $235,535.32 2059054 New Century 2061141 $6,281.86 $202,712.52 $208,994.38 2061141 New Century

RMG Risk Management Group Loan Statistics Dashboard (OTS) Date: 78/2830/2005 94:0732:5245 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 Summary Description Count UPB % of Total UPB Current ~~5208~~5027 $~~935~~900,~~044~~199,~~228~~723.2623 9998.6510% Delinq 18113 $317,~~262~~418,~~344~~141.7115 01.3489% Total ~~5226~~5140 $~~938~~917,~~306~~617,~~572~~864.9738 Average UPB $~~179~~178,~~545~~524.8488 WAM(Months) ~~352~~351 WACLTV 7179.3358% WAC 7.20% Del Trigger Target Actual n/a Loan with Pre. ~~4092~~5140 $~~744~~917,~~012~~617,~~750~~864.1538 79100.2900% Penalties Loss Severity 0.00% Pymt Velocity Rate Type Stratification Description Count UPB % of Total UPB ARM ~~3741~~3669 $~~768~~749,~~335~~366,~~811~~421.2765 81.8866% Fixed Rate ~~1485~~1471 $~~169~~168,~~970~~251,~~761~~442.7073 18.1133% Top 5 States State Count UPB % of Total UPB CA ~~1292~~1275 $~~348~~344,~~914~~717,~~860~~350.8994 37.1856% FL ~~616~~610 $8988,~~435~~283,~~722~~425.7049 9.5362% TX ~~371~~370 $36,~~377~~260,~~693~~597.6219 3.8795% AZ ~~189~~185 $23,~~993~~156,~~418~~504.2352 2.5552% NY ~~176~~173 $47,~~819~~145,~~083~~538.6287 5.0913% LTV Stratification Range Count UPB % of Total UPB < 65% ~~1125~~519 $~~123~~89,~~463~~518,~~395~~591.8043 139.1575% 65% - < 75% ~~806~~713 $~~151~~133,~~768~~755,~~218~~520.9787 1614.1757% 75% - < 85% ~~2189~~2196 $~~432~~431,~~855~~465,~~521~~066.4722 4647.1302% 85% - < 95% ~~1054~~1110 $~~222~~230,~~521~~992,~~304~~400.6643 2325.7117% 95% - < 100% 51602 $731,~~668~~886,~~296~~285.2743 03.8147% > 100% 10 $~~29,835~~0.8000 0.00% FICO Stratification Range Count UPB % of Total UPB N/A 05140 $0917,617,864.0038 0100.00% 300 - < 400 0 $0.00 0.00% 400 - < 500 0 $0.00 0.00% 500 - < 600 ~~2170~~0 $~~366,238,568~~0.5700 390.0300% 600 - < 700 ~~2635~~0 $~~487,119,214~~0.8800 510.9100% 700 - < 850 ~~421~~0 $~~84,948,789~~0.5200 90.0500% UPB Stratification Range Count UPB % of Total UPB 0 - < $25K ~~130~~129 $2,~~913~~883,~~416~~684.8457 0.31% $25K - < $75K ~~837~~835 $43,~~766~~701,~~088~~116.6440 4.6676% $75K - < $150K ~~1759~~1741 $~~194~~192,~~500~~448,~~385~~207.2566 20.7297% $150K - < $200K ~~716~~694 $~~124~~120,~~433~~546,~~555~~354.8840 13.2613% > $200K ~~1784~~1741 $~~572~~558,~~693~~038,~~126~~501.3635 6160.0381% Interest Rate Stratification Range Count UPB % of Total UPB 0% - < 5% 16 $4,~~716~~712,~~567~~159.1788 0.5051% 5% - < 10% ~~4760~~4681 $~~907~~887,~~394~~785,~~042~~755.6420 96.7074% 10% - < 15% ~~450~~443 $2625,~~195~~119,~~963~~949.1630 2.7973% Lien Position Stratification Position Count UPB % of Total UPB 1 ~~4670~~4590 $~~914~~893,~~094~~734,~~704~~121.5530 97.4139% 2 ~~556~~550 $2423,~~211~~883,~~868~~743.4208 2.5860% Variable Rate Loans by Index Index Count UPB % of Total UPB 6 ~~Mo.~~Month ~~LIBOR~~Libor ~~3741~~3669 $~~768~~749,~~335~~366,~~811~~421.2765 81.8866% Losses Prior Losses $0.00 Current Month L $0.00 G $0.00 Total Losses $0.00 Cum. Loss Trig Target Actual n/a %

RMG Risk Management Group Red Flag Dashboard (OTS) Date: 78/2830/2005 94:0833:5759 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 Loans Delinquent>= 90 Days (w/ BK, FC, FB) Count UPB 01 $97,676.72 In Foreclosure >= 180 Days Count UPB 0 In Bankruptcy >= 60 Days Count UPB 50 ~~$1,228,127.82~~ REO >= 180 Days Count UPB 0 Loans with LTV >= 85% and Delinquent >= 60 Days(Excluded BK, FC, FB, REO) Count UPB 06 $953,268.14 Loans with UPB <=greater than or equal to $50K and Delinquent >=less than or equal to 30 Days(Excluded BK, FC, FB, REO) Count UPB 06 $207,637.60 Loans in Foreclosure >= 60 Days beyond state average Count UPB 0 MI Claims open >= 60 Days Number of Loans Total Claim Amount Avg. Claim Avg. Aging 0 REO Not on Market and in Inventory >= 60 Days Number of Loans Total UPB Avg. Days in Inventory 0 REO on Market and in Inventory >= 60 Days Number of Loans Total UPB Avg. Days in Inventory 0 REO Prop in Eviction >= 60 Days Number of Loans Total UPB Avg. Days in Eviction 0 BPO Reconciliation Variance Number of Loans Total UPB 10 - 15% ~~0 $0.00~~ 15 - 20% ~~0 $0.00~~ 20 - 25% ~~0 $0.00~~ 25 - 30% ~~0 $0.00~~ > 30% ~~1 $29,835.80~~

RMG Risk Management Group ~~REO~~Watch List Report Date: 78/2830/2005 104:2442:5546 AMPM Deal Number: SASCO 2005-NC2 Report As of: 67/30/2005 ~~2005-NC2~~ Investor Ln ~~Tfr Dt Days in CV Val Dt Eviction Evict Start Dt~~ Nbr ~~Listed~~Lien DtState ~~Inventory~~First ~~UPB~~Pmt ~~Val~~Valuation ~~Meth~~Method ~~Required~~Orig. ~~Evict~~Value ~~Cmp Dt~~ Loan Number ~~State~~Position ~~Servicer~~FICO(Date) ~~Name~~Last ~~Originator~~Paid NoDt. ~~data~~Valuation toDate ~~report~~Current atValue ~~this~~Servicer ~~time.~~Name ~~Investor~~Aging/Delinquency LnOriginator ~~Days~~Watch ~~in Insurance EXPENSES~~ List ~~Price~~Report ~~Contract~~(Continued) Date: ~~Closing~~8/30/2005 ~~Date~~4:42:46 ~~Nbr~~PM ~~Eviction~~Deal InNumber: ~~Place~~SASCO ~~Actual~~2005-NC2 ~~Sales~~Report ~~Price~~As ~~Loan~~of: ~~Number~~7/30/2005 ~~State~~Orig. ~~Avg~~Amount OLTV BPO Var. % ~~Projected~~Boarding ~~Servicer~~Date ~~Name~~Status ~~Originator~~History NoCurrent ~~data~~Bal toLTV ~~report~~Loan atType ~~this~~Sr/Jr ~~time.~~Lien Bal

RMG Risk Management Group Watch List Report Date: 7/28/2005 10:27:00 AM Deal Number: SASCO Report As of: 6/30/2005 2005-NC2 Investor Ln Nbr Lien State First Pmt Valuation Method Orig. Value Loan Number Position FICO(Date) Last Paid Dt. Valuation Date Current Value Servicer Name Aging/Delinquency Originator No data to report at this time. Investor Ln Nbr Orig. Amount OLTV BPO Var. % Boarding Date Status History Loan Number Current Bal LTV Loan Type Sr/Jr Lien Bal Servicer Name Originator No data to report at this time.

Filing Compare · SASCO Mortgage Pass Through Certificates, Series 2005-NC2