8-K 1 abs05he4_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 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-122372-03 Pooling and Servicing Agreement) (Commission 54-2173194 (State or other File Number) 54-2173195 jurisdiction 54-2173196 of Incorporation) 54-2173197 54-2173198 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates , Series 2005-HE4 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust, relating to the August 25, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer 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 Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust, relating to the August 25, 2005 distribution. EX-99.1

Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Series 2005-HE4 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 R 04541GSC7 SEN 0.00000% 0.00 0.00 A1 04541GRJ3 SEN 3.~~47438~~62000% ~~394~~381,~~594~~217,~~631~~126.7734 1,~~066~~188,~~311~~338.3250 A2 04541GRU8 SEN 3.~~54438~~69000% ~~274~~267,~~673~~325,~~312~~755.4764 ~~757~~849,~~202~~427.9159 A2A 04541GRV6 SEN 3.~~51438~~66000% 5856,~~660~~823,~~837~~961.3931 ~~160~~179,~~343~~090.9218 A2B 04541GRW4 SEN 3.~~68438~~83000% 10,007,000.00 2833,~~676~~003.3564 M1 04541GRK0 MEZ 3.~~73438~~88000% 45,636,000.00 ~~132~~152,~~550~~474.5795 M2 04541GRL8 MEZ 3.~~76438~~91000% 34,107,000.00 99114,~~860~~836.2237 M3 04541GRM6 MEZ 3.~~79438~~94000% 18,254,000.00 5361,~~870~~931.9277 M4 04541GRN4 MEZ 34.~~94438~~09000% 16,813,000.00 5159,~~579~~214.7845 M5 04541GRP9 MEZ 34.~~96438~~11000% 14,892,000.00 4552,~~918~~705.0927 M6 04541GRQ7 MEZ 34.~~99438~~14000% 12,490,000.00 3844,~~803~~526.1885 M7 04541GRR5 MEZ 4.~~54438~~69000% 12,490,000.00 4450,~~146~~442.1325 M8 04541GRS3 MEZ 4.~~66438~~81000% 9,608,000.00 3439,~~856~~795.3980 M9 04541GRT1 MEZ 5.~~06438~~21000% 10,088,000.00 3945,~~736~~258.2569 M10 04541GRX2 MEZ 5.~~81438~~96000% 7,206,000.00 3236,~~587~~982.6679 M11 04541GRY0 MEZ 5.~~81438~~96000% 9,608,000.00 4349,~~450~~310.2239 M12 04541GRZ7 MEZ 5.~~81438~~96000% 5,292,000.00 2327,~~931~~159.9972 X 04541GSA1 OC 0.00000% 13,450,515.06 2,~~617~~150,~~348~~986.5012 P 04541GSB9 SUB 0.00000% 100.00 ~~290~~469,~~146~~508.3554 Totals ~~947~~925,~~870~~308,~~396~~458.6935 5,~~561~~604,~~320~~993.7587

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 0.00 A1 1317,~~377~~519,~~505~~854.4317 0.00 ~~381~~363,~~217~~697,~~126~~272.3417 1418,~~443~~708,~~816~~192.7567 0.00 A2 711,~~347~~089,~~556~~131.8499 0.00 ~~267~~256,~~325~~236,~~755~~623.6465 811,~~104~~938,~~759~~559.7558 0.00 A2A 12,~~836~~772,~~876~~263.0818 0.00 5654,~~823~~051,~~961~~698.3112 12,~~997~~951,~~220~~353.0036 0.00 A2B 0.00 0.00 10,007,000.00 2833,~~676~~003.3564 0.00 M1 0.00 0.00 45,636,000.00 ~~132~~152,~~550~~474.5795 0.00 M2 0.00 0.00 34,107,000.00 99114,~~860~~836.2237 0.00 M3 0.00 0.00 18,254,000.00 5361,~~870~~931.9277 0.00 M4 0.00 0.00 16,813,000.00 5159,~~579~~214.7845 0.00 M5 0.00 0.00 14,892,000.00 4552,~~918~~705.0927 0.00 M6 0.00 0.00 12,490,000.00 3844,~~803~~526.1885 0.00 M7 0.00 0.00 12,490,000.00 4450,~~146~~442.1325 0.00 M8 0.00 0.00 9,608,000.00 3439,~~856~~795.3980 0.00 M9 0.00 0.00 10,088,000.00 3945,~~736~~258.2569 0.00 M10 0.00 0.00 7,206,000.00 3236,~~587~~982.6679 0.00 M11 0.00 0.00 9,608,000.00 4349,~~450~~310.2239 0.00 M12 0.00 0.00 5,292,000.00 2327,~~931~~159.9972 0.00 X 0.00 0.00 13,450,515.06 2,~~617~~150,~~348~~986.5012 0.00 P 0.00 0.00 100.00 ~~290~~469,~~146~~508.3554 0.00 Totals 2231,~~561~~381,~~938~~249.3534 0.00 ~~925~~893,~~308~~927,~~458~~209.3500 2836,~~123~~986,~~259~~243.1021 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 0.00 0.00 0.00 0.00 0.00 0.00 A1 401,000,000.00 ~~394~~381,~~594~~217,~~631~~126.7734 0.00 1317,~~377~~519,~~505~~854.4317 0.00 0.00 A2 279,862,000.00 ~~274~~267,~~673~~325,~~312~~755.4764 0.00 711,~~347~~089,~~556~~131.8499 0.00 0.00 A2A 59,958,000.00 5856,~~660~~823,~~837~~961.3931 0.00 12,~~836~~772,~~876~~263.0818 0.00 0.00 A2B 10,007,000.00 10,007,000.00 0.00 0.00 0.00 0.00 M1 45,636,000.00 45,636,000.00 0.00 0.00 0.00 0.00 M2 34,107,000.00 34,107,000.00 0.00 0.00 0.00 0.00 M3 18,254,000.00 18,254,000.00 0.00 0.00 0.00 0.00 M4 16,813,000.00 16,813,000.00 0.00 0.00 0.00 0.00 M5 14,892,000.00 14,892,000.00 0.00 0.00 0.00 0.00 M6 12,490,000.00 12,490,000.00 0.00 0.00 0.00 0.00 M7 12,490,000.00 12,490,000.00 0.00 0.00 0.00 0.00 M8 9,608,000.00 9,608,000.00 0.00 0.00 0.00 0.00 M9 10,088,000.00 10,088,000.00 0.00 0.00 0.00 0.00 M10 7,206,000.00 7,206,000.00 0.00 0.00 0.00 0.00 M11 9,608,000.00 9,608,000.00 0.00 0.00 0.00 0.00 M12 5,292,000.00 5,292,000.00 0.00 0.00 0.00 0.00 X 0.00 13,450,515.06 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 947,311,100.00 ~~947~~925,~~870~~308,~~396~~458.6935 0.00 2231,~~561~~381,~~938~~249.3534 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 R 0.00 0.00 0.00000000 0.00 A1 1317,~~377~~519,~~505~~854.4317 ~~381~~363,~~217~~697,~~126~~272.3417 0.~~95066615~~90697574 1317,~~377~~519,~~505~~854.4317 A2 711,~~347~~089,~~556~~131.8499 ~~267~~256,~~325~~236,~~755~~623.6465 0.~~95520562~~91558205 711,~~347~~089,~~556~~131.8499 A2A 12,~~836~~772,~~876~~263.0818 5654,~~823~~051,~~961~~698.3112 0.~~94772943~~90149268 12,~~836~~772,~~876~~263.0818 A2B 0.00 10,007,000.00 1.00000000 0.00 M1 0.00 45,636,000.00 1.00000000 0.00 M2 0.00 34,107,000.00 1.00000000 0.00 M3 0.00 18,254,000.00 1.00000000 0.00 M4 0.00 16,813,000.00 1.00000000 0.00 M5 0.00 14,892,000.00 1.00000000 0.00 M6 0.00 12,490,000.00 1.00000000 0.00 M7 0.00 12,490,000.00 1.00000000 0.00 M8 0.00 9,608,000.00 1.00000000 0.00 M9 0.00 10,088,000.00 1.00000000 0.00 M10 0.00 7,206,000.00 1.00000000 0.00 M11 0.00 9,608,000.00 1.00000000 0.00 M12 0.00 5,292,000.00 1.00000000 0.00 X 0.00 13,450,515.06 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 2231,~~561~~381,~~938~~249.3534 ~~925~~893,~~308~~927,~~458~~209.3500 0.~~97677358~~94364693 2231,~~561~~381,~~938~~249.3534

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 401,000,000.00 ~~984~~950.~~02651314~~66615047 0.00000000 3343.~~36036267~~69040940 0.00000000 A2 279,862,000.00 ~~981~~955.~~45983545~~20562148 0.00000000 2639.~~25421401~~62357158 0.00000000 A2A 59,958,000.00 ~~978~~947.~~36547900~~72943244 0.00000000 3046.~~63604657~~23675206 0.00000000 A2B 10,007,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 45,636,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 34,107,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 18,254,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,813,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 14,892,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,490,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M7 12,490,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M8 9,608,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M9 10,088,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M10 7,206,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M11 9,608,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M12 5,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 3343.~~36036267~~69040940 ~~950~~906.~~66615047~~97574107 0.~~95066615~~90697574 3343.~~36036267~~69040940 A2 0.00000000 2639.~~25421401~~62357158 ~~955~~915.~~20562148~~58204990 0.~~95520562~~91558205 2639.~~25421401~~62357158 A2A 0.00000000 3046.~~63604657~~23675206 ~~947~~901.~~72943244~~49268021 0.~~94772943~~90149268 3046.~~63604657~~23675206 A2B 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 M11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 R 0.00 0.00000% 0.00 0.00 0.00 0.00 A1 401,000,000.00 3.~~47438~~62000% ~~394~~381,~~594~~217,~~631~~126.7734 1,~~066~~188,~~311~~338.3250 0.00 0.00 A2 279,862,000.00 3.~~54438~~69000% ~~274~~267,~~673~~325,~~312~~755.4764 ~~757~~849,~~202~~427.9159 0.00 0.00 A2A 59,958,000.00 3.~~51438~~66000% 5856,~~660~~823,~~837~~961.3931 ~~160~~179,~~343~~090.9218 0.00 0.00 A2B 10,007,000.00 3.~~68438~~83000% 10,007,000.00 2833,~~676~~003.3564 0.00 0.00 M1 45,636,000.00 3.~~73438~~88000% 45,636,000.00 ~~132~~152,~~550~~474.5795 0.00 0.00 M2 34,107,000.00 3.~~76438~~91000% 34,107,000.00 99114,~~860~~836.2237 0.00 0.00 M3 18,254,000.00 3.~~79438~~94000% 18,254,000.00 5361,~~870~~931.9277 0.00 0.00 M4 16,813,000.00 34.~~94438~~09000% 16,813,000.00 5159,~~579~~214.7845 0.00 0.00 M5 14,892,000.00 34.~~96438~~11000% 14,892,000.00 4552,~~918~~705.0927 0.00 0.00 M6 12,490,000.00 34.~~99438~~14000% 12,490,000.00 3844,~~803~~526.1885 0.00 0.00 M7 12,490,000.00 4.~~54438~~69000% 12,490,000.00 4450,~~146~~442.1325 0.00 0.00 M8 9,608,000.00 4.~~66438~~81000% 9,608,000.00 3439,~~856~~795.3980 0.00 0.00 M9 10,088,000.00 5.~~06438~~21000% 10,088,000.00 3945,~~736~~258.2569 0.00 0.00 M10 7,206,000.00 5.~~81438~~96000% 7,206,000.00 3236,~~587~~982.6679 0.00 0.00 M11 9,608,000.00 5.~~81438~~96000% 9,608,000.00 4349,~~450~~310.2239 0.00 0.00 M12 5,292,000.00 5.~~81438~~96000% 5,292,000.00 2327,~~931~~159.9972 0.00 0.00 X 0.00 0.00000% ~~947~~925,~~870~~308,~~396~~458.6934 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 947,311,100.00 2,~~653~~984,~~825~~499.9021 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 R 0.00 0.00 0.00 0.00 0.00 A1 0.00 0.00 1,~~066~~188,~~311~~338.3250 0.00 ~~381~~363,~~217~~697,~~126~~272.3417 A2 0.00 0.00 ~~757~~849,~~202~~427.9159 0.00 ~~267~~256,~~325~~236,~~755~~623.6465 A2A 0.00 0.00 ~~160~~179,~~343~~090.9218 0.00 5654,~~823~~051,~~961~~698.3112 A2B 0.00 0.00 2833,~~676~~003.3564 0.00 10,007,000.00 M1 0.00 0.00 ~~132~~152,~~550~~474.5795 0.00 45,636,000.00 M2 0.00 0.00 99114,~~860~~836.2237 0.00 34,107,000.00 M3 0.00 0.00 5361,~~870~~931.9277 0.00 18,254,000.00 M4 0.00 0.00 5159,~~579~~214.7845 0.00 16,813,000.00 M5 0.00 0.00 4552,~~918~~705.0927 0.00 14,892,000.00 M6 0.00 0.00 3844,~~803~~526.1885 0.00 12,490,000.00 M7 0.00 0.00 4450,~~146~~442.1325 0.00 12,490,000.00 M8 0.00 0.00 3439,~~856~~795.3980 0.00 9,608,000.00 M9 0.00 0.00 3945,~~736~~258.2569 0.00 10,088,000.00 M10 0.00 0.00 3236,~~587~~982.6679 0.00 7,206,000.00 M11 0.00 0.00 4349,~~450~~310.2239 0.00 9,608,000.00 M12 0.00 0.00 2327,~~931~~159.9972 0.00 5,292,000.00 X 0.00 0.00 2,~~617~~150,~~348~~986.5012 0.00 ~~925~~893,~~308~~927,~~458~~209.3400 P 0.00 0.00 ~~290~~469,~~146~~508.3554 0.00 100.00 Totals 0.00 0.00 5,~~561~~604,~~320~~993.7587 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 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A1 401,000,000.00 3.~~47438~~62000% ~~984~~950.~~02651314~~66615047 2.~~65913047~~96343766 0.00000000 0.00000000 A2 279,862,000.00 3.~~54438~~69000% ~~981~~955.~~45983545~~20562148 23.~~70562960~~03516587 0.00000000 0.00000000 A2A 59,958,000.00 3.~~51438~~66000% ~~978~~947.~~36547900~~72943244 2.~~67427066~~98692718 0.00000000 0.00000000 A2B 10,007,000.00 3.~~68438~~83000% 1000.00000000 23.~~86562906~~29805536 0.00000000 0.00000000 M1 45,636,000.00 3.~~73438~~88000% 1000.00000000 23.~~90451771~~34111118 0.00000000 0.00000000 M2 34,107,000.00 3.~~76438~~91000% 1000.00000000 23.~~92785117~~36694432 0.00000000 0.00000000 M3 18,254,000.00 3.~~79438~~94000% 1000.00000000 23.~~95118440~~39277802 0.00000000 0.00000000 M4 16,813,000.00 34.~~94438~~09000% 1000.00000000 3.~~06785107~~52194433 0.00000000 0.00000000 M5 14,892,000.00 34.~~96438~~11000% 1000.00000000 3.~~08340653~~53916667 0.00000000 0.00000000 M6 12,490,000.00 34.~~99438~~14000% 1000.00000000 3.~~10673979~~56500000 0.00000000 0.00000000 M7 12,490,000.00 4.~~54438~~69000% 1000.00000000 34.~~53451801~~03861089 0.00000000 0.00000000 M8 9,608,000.00 4.~~66438~~81000% 1000.00000000 34.~~62785075~~14194421 0.00000000 0.00000000 M9 10,088,000.00 5.~~06438~~21000% 1000.00000000 34.~~93896213~~48638878 0.00000000 0.00000000 M10 7,206,000.00 5.~~81438~~96000% 1000.00000000 45.~~52229531~~13222176 0.00000000 0.00000000 M11 9,608,000.00 5.~~81438~~96000% 1000.00000000 45.~~52229600~~13222211 0.00000000 0.00000000 M12 5,292,000.00 5.~~81438~~96000% 1000.00000000 45.~~52229592~~13222222 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 0.00000000 2.~~65913047~~96343766 0.00000000 ~~950~~906.~~66615047~~97574107 A2 0.00000000 0.00000000 23.~~70562960~~03516587 0.00000000 ~~955~~915.~~20562148~~58204990 A2A 0.00000000 0.00000000 2.~~67427066~~98692718 0.00000000 ~~947~~901.~~72943244~~49268021 A2B 0.00000000 0.00000000 23.~~86562906~~29805536 0.00000000 1000.00000000 M1 0.00000000 0.00000000 23.~~90451771~~34111118 0.00000000 1000.00000000 M2 0.00000000 0.00000000 23.~~92785117~~36694432 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~95118440~~39277802 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~06785107~~52194433 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~08340653~~53916667 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~10673979~~56500000 0.00000000 1000.00000000 M7 0.00000000 0.00000000 34.~~53451801~~03861089 0.00000000 1000.00000000 M8 0.00000000 0.00000000 34.~~62785075~~14194421 0.00000000 1000.00000000 M9 0.00000000 0.00000000 34.~~93896213~~48638878 0.00000000 1000.00000000 M10 0.00000000 0.00000000 45.~~52229531~~13222176 0.00000000 1000.00000000 M11 0.00000000 0.00000000 45.~~52229600~~13222211 0.00000000 1000.00000000 M12 0.00000000 0.00000000 45.~~52229592~~13222222 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~2901463~~4695085.~~50000000~~40000000 0.00000000 1000.00000000 (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 2836,~~247~~921,~~382~~392.3724 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 ~~290~~469,~~146~~508.3554 Total Deposits 2837,~~537~~390,~~528~~900.7278 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~414~~404,~~269~~657.6257 Payment of Interest and Principal 2836,~~123~~986,~~259~~243.1021 Total Withdrawals (Pool Distribution Amount) 2837,~~537~~390,~~528~~900.7278 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~394~~385,~~946~~545.0019 MS Fee 5,~~924~~783.1817 Strip Amount 13,~~399~~329.4421 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~414~~404,~~269~~657.6257

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 67 0 0 67 ~~553~~596,~~470~~545.78 0.00 0.00 ~~553~~596,~~470~~545.78 30 Days ~~116~~141 20 0 0 ~~118~~141 1723,~~708~~313,~~633~~115.4752 ~~103,675~~0.0400 0.00 0.00 1723,~~812~~313,~~308~~115.5152 60 Days 3445 02 0 0 3447 56,~~874~~491,~~113~~303.1123 0103,675.0004 0.00 0.00 56,~~874~~594,~~113~~978.1127 90 Days 818 0 0 0 818 13,~~668~~513,~~644~~996.9091 0.00 0.00 0.00 13,~~668~~513,~~644~~996.9091 120 Days 02 0 0 0 02 0193,702.0099 0.00 0.00 0.00 0193,702.0099 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 ~~158~~206 89 0 0 ~~166~~215 2533,~~251~~512,~~391~~118.4865 ~~657~~700,~~145~~220.82 0.00 0.00 2534,~~908~~212,~~537~~339.3047 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.~~116009~~139721% 0.000000% 0.000000% 0.~~116009~~139721% 0.~~059775~~066686% 0.000000% 0.000000% 0.~~059775~~066686% 30 Days 2.~~242846~~814371% 0.~~038670~~000000% 0.000000% 0.000000% 2.~~281516~~814371% 12.~~912537~~606104% 0.~~011197~~000000% 0.000000% 0.000000% 12.~~923734~~606104% 60 Days 0.~~657386~~898204% 0.~~000000~~039920% 0.000000% 0.000000% 0.~~657386~~938124% 0.~~634406~~725644% 0.~~000000~~011590% 0.000000% 0.000000% 0.~~634406~~737233% 90 Days 0.~~154679~~359281% 0.000000% 0.000000% 0.000000% 0.~~154679~~359281% 0.~~180214~~392819% 0.000000% 0.000000% 0.000000% 0.~~180214~~392819% 120 Days 0.~~000000~~039920% 0.000000% 0.000000% 0.000000% 0.~~000000~~039920% 0.~~000000~~021653% 0.000000% 0.000000% 0.000000% 0.~~000000~~021653% 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 34.~~054911~~111776% 0.~~154679~~179641% 0.000000% 0.000000% 34.~~209590~~291417% 23.~~727157~~746220% 0.~~070972~~078276% 0.000000% 0.000000% 23.~~798129~~824496%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 45 0 0 45 ~~167~~210,~~175~~379.5482 0.00 0.00 ~~167~~210,~~175~~379.5482 30 Days 1214 10 0 0 1314 ~~815~~1,~~540~~478,485.6288 ~~34,802~~0.6300 0.00 0.00 ~~850~~1,~~343~~478,485.2588 60 Days 5 1 0 0 06 ~~1 38~~323,~~509~~064.2173 034,802.0063 0.00 0.00 38357,~~509~~867.2136 90 Days 20 0 0 0 20 ~~81,096~~0.4000 0.00 0.00 0.00 ~~81,096~~0.4000 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 1519 56 0 0 2025 ~~935~~1,~~146~~801,550.2361 ~~201~~245,~~978~~182.1745 0.00 0.00 12,~~137~~046,~~124~~733.4006 0-29 Days 0.~~450450~~579374% 0.000000% 0.000000% 0.~~450450~~579374% 0.~~171391~~220343% 0.000000% 0.000000% 0.~~171391~~220343% 30 Days 1.~~351351~~622248% 0.~~112613~~000000% 0.000000% 0.000000% 1.~~463964~~622248% 01.~~836105~~548508% 0.~~035680~~000000% 0.000000% 0.000000% 01.~~871785~~548508% 60 Days 0.~~112613~~579374% 0.~~000000~~115875% 0.000000% 0.000000% 0.~~112613~~695249% 0.~~039480~~338365% 0.~~000000~~036451% 0.000000% 0.000000% 0.~~039480~~374816% 90 Days 0.~~225225~~000000% 0.000000% 0.000000% 0.000000% 0.~~225225~~000000% 0.~~083141~~000000% 0.000000% 0.000000% 0.000000% 0.~~083141~~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 12.~~689189~~201622% 0.~~563063~~695249% 0.000000% 0.000000% 2.~~252252~~896871% 01.~~958727~~886873% 0.~~207071~~256794% 0.000000% 0.000000% 12.~~165798~~143667% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 255,597.14 0.00 0.00 255,597.14 30 Days 4652 0 0 0 4652 710,~~880~~153,~~122~~181.3100 0.00 0.00 0.00 710,~~880~~153,~~122~~181.3100 60 Days 1516 0 0 0 1516 2,~~811~~613,~~521~~163.8824 0.00 0.00 0.00 2,~~811~~613,~~521~~163.8824 90 Days 58 0 0 0 58 1,~~380~~793,~~822~~315.5981 0.00 0.00 0.00 1,~~380~~793,~~822~~315.5981 120 Days 02 0 0 0 02 0193,702.0099 0.00 0.00 0.00 0193,702.0099 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 6678 1 0 0 6779 1214,~~072~~753,~~466~~363.7804 255,597.14 0.00 0.00 1215,~~328~~008,~~063~~960.9218 0-29 Days 0.~~055310~~057571% 0.000000% 0.000000% 0.~~055310~~057571% 0.~~064621~~067247% 0.000000% 0.000000% 0.~~064621~~067247% 30 Days 2.~~544248~~993667% 0.000000% 0.000000% 0.000000% 2.~~544248~~993667% 12.~~992274~~671295% 0.000000% 0.000000% 0.000000% 12.~~992274~~671295% 60 Days 0.~~829646~~921128% 0.000000% 0.000000% 0.000000% 0.~~829646~~921128% 0.~~710817~~687522% 0.000000% 0.000000% 0.000000% 0.~~710817~~687522% 90 Days 0.~~276549~~460564% 0.000000% 0.000000% 0.000000% 0.~~276549~~460564% 0.~~349103~~471820% 0.000000% 0.000000% 0.000000% 0.~~349103~~471820% 120 Days 0.~~000000~~115141% 0.000000% 0.000000% 0.000000% 0.~~000000~~115141% 0.~~000000~~050963% 0.000000% 0.000000% 0.000000% 0.~~000000~~050963% 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 34.~~650442~~490501% 0.~~055310~~057571% 0.000000% 0.000000% 34.~~705752~~548071% 3.~~052194~~881600% 0.~~064621~~067247% 0.000000% 0.000000% 3.~~116814~~948847% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 710 0 0 0 710 ~~698~~1,~~764~~052,658.6623 0.00 0.00 0.00 ~~698~~1,~~764~~052,658.6623 60 Days 01 0 0 0 01 083,183.0020 0.00 0.00 0.00 083,183.0020 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 711 0 0 0 711 ~~698~~1,~~764~~135,841.6643 0.00 0.00 0.00 ~~698~~1,~~764~~135,841.6643 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~397206~~028398% 0.000000% 0.000000% 0.000000% 12.~~397206~~028398% 01.~~915207~~405508% 0.000000% 0.000000% 0.000000% 01.~~915207~~405508% 60 Days 0.~~000000~~202840% 0.000000% 0.000000% 0.000000% 0.~~000000~~202840% 0.~~000000~~111066% 0.000000% 0.000000% 0.000000% 0.~~000000~~111066% 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 12.~~397206~~231237% 0.000000% 0.000000% 0.000000% 12.~~397206~~231237% 01.~~915207~~516575% 0.000000% 0.000000% 0.000000% 01.~~915207~~516575% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 130,~~698~~568.1082 0.00 0.00 130,~~698~~568.1082 30 Days 5165 10 0 0 5265 810,~~314~~628,~~205~~790.8841 ~~68,872~~0.4100 0.00 0.00 810,~~383~~628,~~078~~790.2941 60 Days 1823 01 0 0 1824 3,~~024~~471,~~082~~892.0206 068,872.0041 0.00 0.00 3,~~024~~540,~~082~~764.0247 90 Days 110 0 0 0 110 ~~206~~1,~~725~~720,681.9110 0.00 0.00 0.00 ~~206~~1,~~725~~720,681.9110 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 7098 2 0 0 72100 1115,~~545~~821,~~013~~363.8157 199,~~570~~441.5123 0.00 0.00 1116,~~744~~020,~~584~~804.3280 0-29 Days 0.~~050633~~052165% 0.000000% 0.000000% 0.~~050633~~052165% 0.~~036662~~037945% 0.000000% 0.000000% 0.~~036662~~037945% 30 Days 23.~~582278~~390715% 0.~~050633~~000000% 0.000000% 0.000000% 23.~~632911~~390715% 23.~~332185~~088864% 0.~~019319~~000000% 0.000000% 0.000000% 23.~~351504~~088864% 60 Days 01.~~911392~~199791% 0.~~000000~~052165% 0.000000% 0.000000% 01.~~911392~~251956% 01.~~848273~~008977% 0.~~000000~~020015% 0.000000% 0.000000% 01.~~848273~~028992% 90 Days 0.~~050633~~521648% 0.000000% 0.000000% 0.000000% 0.~~050633~~521648% 0.~~057988~~500052% 0.000000% 0.000000% 0.000000% 0.~~057988~~500052% 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 35.~~544304~~112154% 0.~~101266~~104330% 0.000000% 0.000000% 35.~~645570~~216484% 34.~~238446~~597893% 0.~~055981~~057960% 0.000000% 0.000000% 34.~~294427~~655854%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~176~~231,~~463~~629.1792

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 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. 4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. 3 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. 4 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 & Balloon Weighted Average Gross Coupon 7.~~228832~~218874% Weighted Average Net Coupon 6.~~728832~~718874% Weighted Average Pass-Through Rate 6.~~721332~~711374% Weighted Average Maturity(Stepdown Calculation) ~~352~~351 Beginning Scheduled Collateral Loan Count 5,~~277~~172 Number Of Loans Paid In Full ~~105~~162 Ending Scheduled Collateral Loan Count 5,~~172~~010 Beginning Scheduled Collateral Balance ~~947~~925,~~870~~308,~~396~~458.6934 Ending Scheduled Collateral Balance ~~925~~893,~~308~~927,~~458~~209.3400 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~925~~894,~~923~~558,~~573~~157.2483 Monthly P&I Constant 6,~~370~~216,~~510~~231.2279 Special Servicing Fee 0.00 Prepayment Penalties ~~290~~469,~~146~~508.3554 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~660~~649,~~513~~827.3611 Unscheduled Principal 2130,~~901~~731,~~424~~422.9923 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 13,450,515.06 Overcollateralized Amount 13,450,515.06 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,~~617~~150,~~348~~986.5012

Miscellaneous Reporting Stepdown NO Trigger Event NO A1 PTR (excl CAP) for Next Distribution 3.~~62000~~80125% A2 PTR (excl CAP) for Next Distribution 3.~~69000~~87125% A2A PTR (excl CAP) for Next Distribution 3.~~66000~~84125% A2B PTR (excl CAP) for Next Distribution 34.~~83000~~01125% M1 PTR (excl CAP) for Next Distribution 34.~~88000~~06125% M10 PTR (excl CAP) for Next Distribution 56.~~96000~~14125% M11 PTR (excl CAP) for Next Distribution 56.~~96000~~14125% M12 PTR (excl CAP) for Next Distribution 56.~~96000~~14125% M2 PTR (excl CAP) for Next Distribution 34.~~91000~~09125% M3 PTR (excl CAP) for Next Distribution 34.~~94000~~12125% M4 PTR (excl CAP) for Next Distribution 4.~~09000~~27125% M5 PTR (excl CAP) for Next Distribution 4.~~11000~~29125% M6 PTR (excl CAP) for Next Distribution 4.~~14000~~32125% M7 PTR (excl CAP) for Next Distribution 4.~~69000~~87125% M8 PTR (excl CAP) for Next Distribution 4.~~81000~~99125% M9 PTR (excl CAP) for Next Distribution 5.~~21000~~39125% Payment under CAP Agreement 13,~~399~~329.4421 Net Swap Payment to Trust 0.00 Net Swap Payment to Counterparty 2426,~~552~~261.5562

Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM and Balloon Mixed ARM and Balloon Mixed ARM and Balloon Weighted Average Coupon Rate 7.~~695126~~681620 7.~~144420~~126210 6.~~973825~~973969 Weighted Average Net Rate 7.~~195126~~181620 6.~~644420~~626210 6.~~473825~~473969 Weighted Average Maturity ~~336~~335 ~~356~~355 ~~341~~340 Beginning Loan Count ~~901~~888 1,~~856~~808 ~~504~~501 Loans Paid In Full 1325 4871 38 Ending Loan Count ~~888~~863 1,~~808~~737 ~~501~~493 Beginning Scheduled Balance 9897,~~492~~456,~~959~~283.6367 ~~407~~395,~~652~~312,~~954~~124.0558 76,~~762~~280,~~317~~554.0581 Ending Scheduled Balance 9795,~~456~~392,~~283~~052.6792 ~~395~~379,~~312~~856,~~124~~501.5816 7674,~~280~~824,~~554~~039.8142 Record Date 0607/3029/2005 0607/3029/2005 0607/3029/2005 Principal And Interest Constant ~~727~~720,~~982~~178.5690 2,~~661~~575,~~413~~197.0414 ~~525~~522,~~430~~790.5947 Scheduled Principal 96,~~386~~327.1115 ~~234~~227,~~376~~632.5175 79,~~324~~475.7829 Unscheduled Principal ~~940~~1,~~289~~967,903.8560 1215,~~106~~227,~~452~~990.9667 ~~402~~1,~~437~~377,040.4610 Scheduled Interest ~~631~~623,~~596~~851.4575 2,~~427~~347,~~036~~564.5339 ~~446~~443,~~105~~315.8118 Servicing Fees 4140,~~038~~606.7378 ~~169~~164,~~855~~713.4039 31,~~984~~783.3056 Master Servicing Fees ~~615~~609.5810 2,~~547~~470.8370 ~~479~~476.7675 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest ~~589~~582,~~942~~635.1487 2,~~254~~180,~~633~~380.30 ~~413~~411,~~641~~054.7587 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 7.~~187626~~174120 6.~~636920~~618710 6.~~466325~~466469

Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM and Balloon Fixed Mixed & ARM & Balloon Weighted Average Coupon Rate 7.~~250915~~247549 7.~~228832~~218874 Weighted Average Net Rate 6.~~750915~~747549 6.~~728832~~718874 Weighted Average Maturity ~~356~~355 ~~352~~351 Beginning Loan Count 21,~~016~~975 5,~~277~~172 Loans Paid In Full 4158 ~~105~~162 Ending Loan Count 1,~~975~~917 5,~~172~~010 Beginning Scheduled Balance ~~364~~356,~~962~~259,~~165~~495.9628 ~~947~~925,~~870~~308,~~396~~458.6934 Ending scheduled Balance ~~356~~343,~~259~~854,~~495~~615.2850 ~~925~~893,~~308~~927,~~458~~209.3400 Record Date 0607/3029/2005 0607/3029/2005 Principal And Interest Constant 2,~~455~~398,~~684~~065.0328 6,~~370~~216,~~510~~231.2279 Scheduled Principal ~~250~~246,~~425~~391.9692 ~~660~~649,~~513~~827.3611 Unscheduled Principal 812,~~452~~158,~~244~~487.7286 2130,~~901~~731,~~424~~422.9923 Scheduled Interest 2,~~205~~151,~~258~~673.0736 5,~~709~~566,~~996~~404.8668 Servicing Fees ~~152~~148,~~067~~441.5746 ~~394~~385,~~946~~545.0019 Master Servicing Fees 2,~~281~~226.0162 5,~~924~~783.1817 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 2,~~050~~001,~~909~~005.4928 5,~~309~~175,~~126~~076.6832 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.~~743415~~740049 6.~~721332~~711374

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance 1 1325 ~~922~~1,~~218~~975,510.00 ~~919~~1,~~367~~962,396.6349 0 0.00 0.00 2 4871 1215,~~119~~209,~~086~~358.00 1215,~~090~~170,~~403~~920.6178 0 0.00 0.00 3 38 ~~397~~1,~~700~~307,710.00 ~~396~~1,~~710~~300,718.1960 0 0.00 0.00 4 4158 812,~~439~~185,~~254~~744.00 812,~~418~~147,~~710~~228.2577 0 0.00 0.00 Total ~~105~~162 2130,~~878~~678,~~258~~322.00 2130,~~825~~581,~~191~~264.6864 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount 1 0 0.00 0.00 0 0.00 0.00 217,~~729~~934.0339 2 0 0.00 0.00 0 0.00 0.00 2465,~~234~~791.2331 3 0 0.00 0.00 0 0.00 0.00 677,~~061~~843.0488 4 0 0.00 0.00 0 0.00 0.00 3919,~~246~~974.4038 Total 0 0.00 0.00 0 0.00 0.00 91171,~~270~~543.7096

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 0002046549 PA 20.00 01-Apr-2005 56,000.00 55,893.06 1 0002050104 IL 58.33 01-Apr-2005 70,000.00 69,131.52 1 1000307199 NJ 93.68 01-Feb-2005 178,000.00 176,983.05 1 1000477264 MA 20.00 01-Mar-2005 35,000.00 34,790.04 1 1000729858 CA 19.99 01-Mar-2005 64,950.00 64,815.79 1 1000737484 CA 20.00 01-Mar-2005 58,400.00 58,279.34 1 1000744582 CA 20.00 01-Mar-2005 33,000.00 32,814.55 1 1000834627 CA 20.00 01-Apr-2005 67,000.00 66,917.76 1 1000891002 NV 20.00 01-Apr-2005 107,268.00 107,133.39 1 1000933921 NV 67.50 01-Apr-2005 135,000.00 134,552.62 1 1000952008 CT 20.00 01-Apr-2005 45,980.00 45,747.05 1 1000999904 AZ 20.00 01-Apr-2005 32,620.00 32,572.69 1 1001081091 AZ 20.00 01-Apr-2005 39,000.00 38,929.96 2 0002054342 MD 84.56 01-Apr-2005 198,710.00 198,182.09 2 1000092296 FL 80.00 01-Jan-2005 120,000.00 119,278.58 2 1000284953 CA 85.00 01-Feb-2005 204,000.00 204,000.00 2 1000353897 CA 80.00 01-Feb-2005 368,000.00 365,439.49 2 1000473311 CA 75.00 01-Apr-2005 60,000.00 59,787.52 2 1000671927 NJ 68.42 01-Mar-2005 325,000.00 323,301.63 2 1000691264 CA 73.99 01-Mar-2005 183,500.00 182,575.68 2 1000694626 CA 79.40 01-Mar-2005 234,231.00 233,139.93 2 1000704394 CA 71.05 01-Mar-2005 135,000.00 134,568.02 2 1000718968 MA 75.00 01-Apr-2005 146,250.00 145,789.49 2 1000726058 NH 75.00 01-Mar-2005 187,500.00 186,843.02 2 1000752206 CA 35.76 01-Mar-2005 137,307.00 136,758.52 2 1000756293 CA 82.22 01-Mar-2005 189,100.00 188,284.48 2 1000763221 IL 80.00 01-Mar-2005 100,720.00 100,356.31 2 1000780104 CA 84.25 01-Mar-2005 229,158.00 228,140.82 2 1000781407 CA 95.00 01-Mar-2005 229,900.00 229,282.08 2 1000786019 NJ 97.18 01-Apr-2005 396,000.00 394,971.75 2 1000789481 CA 90.00 01-Mar-2005 423,000.00 421,558.92 2 1000807602 CA 85.00 01-Apr-2005 246,500.00 245,877.54 2 1000808585 CA 80.00 01-Mar-2005 260,000.00 258,911.26 2 1000808772 CA 74.05 01-Apr-2005 176,250.00 175,899.07 2 1000819724 MD 80.00 01-Mar-2005 360,000.00 358,492.54 2 1000834253 GA 90.00 01-Apr-2005 92,610.00 92,373.69 2 1000834440 CA 80.00 01-Apr-2005 268,000.00 267,156.13 2 1000839873 CA 85.00 01-Apr-2005 267,750.00 267,216.89 2 1000846482 AZ 80.00 01-Mar-2005 244,000.00 243,153.54 2 1000853598 MA 74.29 01-Apr-2005 104,000.00 103,434.20 2 1000863122 CA 80.00 01-Mar-2005 296,000.00 294,991.47 2 1000880363 CA 63.16 01-Apr-2005 600,000.00 598,603.98 2 1000901215 NJ 85.00 01-Apr-2005 301,750.00 300,749.96 2 1000912098 OR 85.00 01-Apr-2005 340,000.00 338,991.23 2 1000926662 WI 90.00 01-Apr-2005 124,200.00 123,831.48 2 1000935073 NV 95.00 01-Apr-2005 289,750.00 289,750.00 2 1000937302 MO 90.00 01-Apr-2005 103,500.00 103,241.30 2 1000938935 FL 95.00 01-Apr-2005 362,900.00 361,802.54 2 1000949264 CT 85.00 01-Apr-2005 181,900.00 181,426.42 2 1000954417 AZ 45.83 01-Apr-2005 165,000.00 164,520.15 2 1000968000 GA 90.00 01-Apr-2005 238,500.00 238,015.10 2 1000988346 CA 70.00 01-Apr-2005 255,500.00 254,654.76 2 1000991859 CA 80.00 01-Apr-2005 412,000.00 410,702.69 2 1000997103 MI 90.00 01-Apr-2005 202,500.00 201,915.68 2 1001033802 MD 89.81 01-Apr-2005 476,000.00 474,696.51 2 1001034115 VA 75.00 01-Apr-2005 295,500.00 295,029.16 2 1001035873 CA 69.08 01-Apr-2005 458,000.00 458,000.00 2 1001059357 CA 77.81 01-Apr-2005 235,000.00 234,207.35 2 1001067268 AZ 80.00 01-Apr-2005 95,600.00 95,599.97 2 1001076971 CA 95.00 01-Apr-2005 399,000.00 397,950.64 2 1001089057 IL 76.19 01-Apr-2005 400,000.00 398,765.15 3 1000897523 MN 67.61 01-Apr-2005 120,000.00 119,629.53 3 1000993820 CA 80.00 01-Apr-2005 167,200.00 166,645.87 3 1001017054 CA 65.00 01-Apr-2005 110,500.00 110,101.02 4 0001984393 AZ 95.00 01-Mar-2005 337,250.00 335,998.17 4 0002014210 OR 75.00 01-Apr-2005 228,750.00 228,088.03 4 0002038690 NJ 75.00 01-Apr-2005 102,000.00 101,827.34 4 0002041093 NY 85.00 01-Apr-2005 241,400.00 240,529.74 4 0002044307 MD 90.00 01-Apr-2005 153,000.00 152,527.67 4 0002046643 NJ 77.38 01-Apr-2005 260,000.00 259,198.55 4 1000169481 NY 80.00 01-Feb-2005 260,000.00 258,397.45 4 1000505643 CA 67.74 01-Feb-2005 105,000.00 104,394.35 4 1000684851 MA 80.00 01-Mar-2005 252,000.00 250,955.03 4 1000693752 UT 80.00 01-Mar-2005 342,400.00 341,211.87 4 1000723417 MN 80.00 01-Mar-2005 204,000.00 201,981.56 4 1000727618 CA 59.26 01-Mar-2005 160,000.00 159,450.47 4 1000729028 MD 73.81 01-Mar-2005 155,000.00 154,642.01 4 1000737180 CA 80.00 01-Apr-2005 268,000.00 267,271.98 4 1000737448 CA 85.00 01-Mar-2005 287,300.00 286,435.15 4 1000738624 FL 90.00 01-Mar-2005 144,000.00 143,548.50 4 1000744172 AL 67.80 01-Apr-2005 80,000.00 79,865.50 4 1000744430 CA 80.00 01-Mar-2005 132,000.00 131,451.54 4 1000776477 CA 70.00 01-Apr-2005 171,500.00 171,132.66 4 1000781657 CA 72.73 01-Apr-2005 160,000.00 159,459.02 4 1000786073 WA 80.00 01-Mar-2005 222,400.00 221,486.78 4 1000813070 IL 79.33 01-Apr-2005 357,000.00 355,930.22 4 1000815586 WA 83.33 01-Apr-2005 150,000.00 149,463.63 4 1000818565 NJ 76.22 01-Apr-2005 125,000.00 124,542.07 4 1000861552 IA 85.00 01-Apr-2005 86,700.00 86,506.40 4 1000870418 MA 78.48 01-Apr-2005 175,000.00 174,415.47 4 1000878786 FL 83.06 01-Apr-2005 203,500.00 202,970.18 4 1000899282 CA 62.00 01-Apr-2005 310,000.00 308,785.50 4 1000902278 FL 90.00 01-Apr-2005 99,234.00 98,963.61 4 1000922540 CA 90.00 01-Apr-2005 342,000.00 340,923.10 4 1000951964 CT 80.00 01-Apr-2005 183,920.00 183,330.74 4 1000959494 SC 80.00 01-Apr-2005 62,400.00 62,285.80 4 1000970319 CA 79.75 01-Apr-2005 252,000.00 250,889.08 4 1000982146 IL 80.00 01-Apr-2005 285,600.00 285,600.00 4 1000984796 AZ 80.00 01-Apr-2005 126,400.00 126,400.00 4 1000985394 CA 72.70 01-Apr-2005 245,000.00 243,969.41 4 1001015751 MA 80.00 01-Apr-2005 336,000.00 336,000.00 4 1001025946 CA 90.00 01-Apr-2005 382,500.00 382,500.00 4 1001036523 NJ 100.00 01-Apr-2005 125,000.00 124,680.34 4 1001083632 AZ 80.00 01-Apr-2005 204,000.00 203,311.89 4 1001087512 FL 79.99 01-Apr-2005 122,000.00 121,677.51

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 ~~0002046549~~0001970695 Loan Paid in Full 0 910.~~700~~850% ~~360~~240 36 1 ~~0002050104~~0002058462 Loan Paid in Full 0 79.~~300~~400% ~~180~~360 34 1 ~~1000307199~~1000261549 Loan Paid in Full 0 68.~~300~~250% 360 57 1 ~~1000477264~~1000288101 Loan Paid in Full 0 10.~~850~~200% 240 4 1 ~~1000729858~~1000288995 Loan Paid in Full 0 108.~~400~~650% 360 46 1 ~~1000737484~~1000651244 Loan Paid in Full 0(1) 10.400% ~~360~~240 45 1 ~~1000744582~~1000669547 Loan Paid in Full 0 11.~~350~~200% 240 45 1 ~~1000834627~~1000677761 Loan Paid in Full 0 1110.950% 240 5 1 1000716951 Loan Paid in Full (1) 6.200% 360 5 1 1000731710 Loan Paid in Full 0 7.750% 360 5 1 1000747286 Loan Paid in Full 0 10.000% 240 5 1 1000751341 Loan Paid in Full 3 9.800% 360 5 1 ~~1000891002~~1000756033 Loan Paid in Full 0 11.~~650~~900% 360 35 1 ~~1000933921~~1000759405 Loan Paid in Full 03 610.990% 360 35 1 ~~1000952008~~1000780391 Loan Paid in Full 0 5.800% 180 5 1 1000807194 Loan Paid in Full 2 10.~~400~~900% 240 34 1 ~~1000999904~~1000824353 Loan Paid in Full 0 10.~~990~~750% 360 35 1 ~~1001081091~~1000841192 Loan Paid in Full (1) 12.000% 240 4 1 1000860465 Loan Paid in Full 0 6.100% 360 6 1 1000952892 Loan Paid in Full 0 10.500% 360 4 1 1000987944 Loan Paid in Full (1) 9.600% 360 4 1 1001004567 Loan Paid in Full 0 11.450% 240 4 1 1001022663 Loan Paid in Full 0 10.990% 360 34 21 ~~0002054342~~1001052746 Loan Paid in Full 0 811.350% 240 4 1 1001057518 Loan Paid in Full 0 10.100% 360 34 2 ~~1000092296~~0001999933 Loan Paid in Full 0 6.~~850~~750% 360 65 2 ~~1000284953~~0002020952 Loan Paid in Full ~~(1)~~0 87.~~250~~750% 360 5 2 ~~1000353897~~0002038579 Loan Paid in Full 0 58.250% 360 54 2 ~~1000473311~~0002053540 Loan Paid in Full 0 8.050% 360 4 2 1000473017 Loan Paid in Full (1) 67.650% 360 35 2 ~~1000671927~~1000501219 Loan Paid in Full 0 69.~~750~~400% 360 4 2 ~~1000691264~~1000512868 Loan Paid in Full 03 7.900% 360 5 2 1000542452 Loan Paid in Full 2 10.~~990~~350% 360 45 2 ~~1000694626~~1000605759 Loan Paid in Full 0 6.250% 360 5 2 1000613330 Loan Paid in Full 0 8.400% 360 4 2 ~~1000704394~~1000629243 Loan Paid in Full 0 6.750% 360 5 2 1000668986 Loan Paid in Full 0 7.100% 360 5 2 1000675317 Loan Paid in Full 0 8.~~300~~800% 360 4 2 ~~1000718968~~1000677752 Loan Paid in Full 0 5.800% 360 5 2 1000694403 Loan Paid in Full 0 7.~~250~~150% 360 5 2 1000697204 Loan Paid in Full 2 8.150% 360 5 2 1000697730 Loan Paid in Full 3 6.900% 360 5 2 ~~1000726058~~1000700977 Loan Paid in Full 0 76.~~850~~050% 360 45 2 ~~1000752206~~1000710074 Loan Paid in Full 2 9.990% 360 5 2 1000711439 Loan Paid in Full 0 78.~~190~~350% 360 45 2 ~~1000756293~~1000714123 Loan Paid in Full 0 6.~~800~~300% 360 5 2 1000721749 Loan Paid in Full 1 8.150% 360 4 2 ~~1000763221~~1000729992 Loan Paid in Full 0(1) 710.700% 360 45 2 ~~1000780104~~1000735002 Loan Paid in Full 0 6.~~650~~575% 360 4 2 ~~1000781407~~1000752956 Loan Paid in Full 02 98.~~150~~850% 360 4 2 ~~1000786019~~1000772453 Loan Paid in Full (1) 6.750% 360 4 2 1000786206 Loan Paid in Full 0 8.~~213~~600% 360 4 2 1000787269 Loan Paid in Full 3 6.850% 360 5 2 ~~1000789481~~1000792217 Loan Paid in Full 0 8.425% 360 4 2 1000809806 Loan Paid in Full 0 7.~~990~~750% 360 4 2 ~~1000807602~~1000810750 Loan Paid in Full 0 7.450% 360 5 2 1000812687 Loan Paid in Full 0 8.~~350~~200% 360 34 2 ~~1000808585~~1000822578 Loan Paid in Full 0 7.~~400~~750% 360 5 2 1000824852 Loan Paid in Full 0 6.650% 360 4 2 ~~1000808772~~1000832683 Loan Paid in Full 0 97.~~500~~250% 360 34 2 ~~1000819724~~1000834663 Loan Paid in Full 0 6.~~950~~750% 360 4 2 ~~1000834253~~1000838534 Loan Paid in Full 0 8.~~300~~350% 360 34 2 ~~1000834440~~1000838945 Loan Paid in Full 0 75.~~250~~990% 360 35 2 ~~1000839873~~1000839374 Loan Paid in Full 0 98.~~500~~400% 360 34 2 ~~1000846482~~1000852483 Loan Paid in Full 0 7.~~900~~990% 360 4 2 ~~1000853598~~1000866904 Loan Paid in Full 0 6.~~725~~790% 360 35 2 ~~1000863122~~1000868813 Loan Paid in Full 0(1) 7.~~990~~900% 360 4 2 ~~1000880363~~1000878704 Loan Paid in Full 0 9.250% 360 4 2 1000889346 Loan Paid in Full 1 8.~~750~~000% 360 34 2 ~~1000901215~~1000905453 Loan Paid in Full 2 9.550% 360 4 2 1000921694 Loan Paid in Full 0 6.~~990~~950% 360 34 2 ~~1000912098~~1000926680 Loan Paid in Full 0 76.~~550~~750% 360 34 2 ~~1000926662~~1000933039 Loan Paid in Full 0 7.~~550~~600% 360 34 2 ~~1000935073~~1000937080 Loan Paid in Full 0 7.250% 360 4 2 1000938720 Loan Paid in Full 2 8.~~900~~550% 360 34 2 ~~1000937302~~1000944205 Loan Paid in Full (1) 7.650% 360 4 2 1000952357 Loan Paid in Full 0 8.~~400~~250% 360 34 2 ~~1000938935~~1000970015 Loan Paid in Full 0 6.750% 360 4 2 1000972040 Loan Paid in Full 2 8.150% 360 4 2 1000977349 Loan Paid in Full 1 7.~~500~~350% 360 34 2 ~~1000949264~~1000987043 Loan Paid in Full 0 86.~~200~~990% 360 34 2 ~~1000954417~~1000996088 Loan Paid in Full 0 7.~~650~~850% 360 34 2 ~~1000968000~~1001003531 Loan Paid in Full 0 96.~~400~~625% 360 34 2 ~~1000988346~~1001004512 Loan Paid in Full 0 7.~~000~~200% 360 4 2 1001007797 Loan Paid in Full 1 7.750% 360 4 2 1001010854 Loan Paid in Full 1 9.225% 360 3 2 ~~1000991859~~1001016073 Loan Paid in Full 0 76.250% 360 4 2 1001038996 Loan Paid in Full 2 9.600% 360 4 2 1001055244 Loan Paid in Full 1 8.100% 360 3 2 ~~1000997103~~1001055798 Loan Paid in Full 0 7.~~700~~990% 360 34 2 ~~1001033802~~1001072350 Loan Paid in Full 0 78.~~950~~850% 360 34 2 ~~1001034115~~1001076481 Loan Paid in Full 0 106.~~550~~100% 360 34 2 ~~1001035873~~1001086470 Loan Paid in Full 0 7.~~500~~850% 360 34 2 ~~1001059357~~1001091534 Loan Paid in Full 0 67.~~900~~750% 360 34 2 ~~1001067268~~1001100953 Loan Paid in Full 01 7.~~250~~850% 360 3 2 ~~1001076971~~1001112584 Loan Paid in Full 0 8.~~150~~000% 360 4 3 20001977984 ~~1001089057~~ Loan Paid in Full 0 7.~~350~~250% 360 5 3 0001986163 Loan Paid in Full 0 6.500% 240 6 3 ~~1000897523~~0002062270 Loan Paid in Full 0 7.~~350~~900% 360 4 3 1000645403 Loan Paid in Full 0 10.000% 360 4 3 ~~1000993820~~1000720704 Loan Paid in Full 0 65.990% 360 5 3 1000770071 Loan Paid in Full (1) 8.050% 180 4 3 ~~1001017054~~1000848211 Loan Paid in Full 0 68.~~550~~450% ~~360~~180 4 3 1000927322 Loan Paid in Full 0 5.750% 360 4 ~~0001984393~~4 0001975804 Loan Paid in Full 0 5.200% 360 4 4 0002025628 Loan Paid in Full 0 9.000% 360 5 4 0002031429 Loan Paid in Full 0 5.200% 360 4 4 0002032701 Loan Paid in Full 1 7.650% 360 4 4 ~~0002014210~~0002038444 Loan Paid in Full 1 10.850% 360 4 4 0002042084 Loan Paid in Full 0 7.~~675~~200% 360 34 4 ~~0002038690~~0002043298 Loan Paid in Full 0 105.~~350~~800% 360 34 4 ~~0002041093~~0002044779 Loan Paid in Full 0 67.~~750~~050% 360 34 4 ~~0002044307~~0002052311 Loan Paid in Full 0(1) 7.~~350~~750% 360 34 4 ~~0002046643~~0002054723 Loan Paid in Full 0 7.650% 360 34 4 ~~1000169481~~1000412066 Loan Paid in Full 10 54.~~900~~990% 360 56 4 ~~1000505643~~1000490490 Loan Paid in Full 0 67.~~250~~450% 360 5 4 ~~1000684851~~1000530973 Loan Paid in Full 02 79.~~000~~100% 360 4 4 ~~1000693752~~1000587902 Loan Paid in Full 0 7.900% 360 4 4 ~~1000723417~~1000657284 Loan Paid in Full 0 6.200% 360 4 4 1000678537 Loan Paid in Full 0 8.150% 360 5 4 1000689892 Loan Paid in Full (1) 6.~~900~~590% 360 5 4 1000704107 Loan Paid in Full 0 8.375% 360 5 4 ~~1000727618~~1000722221 Loan Paid in Full 0 7.~~950~~450% 360 45 4 ~~1000729028~~1000725380 Loan Paid in Full 0 98.~~875~~990% 360 4 4 ~~1000737180~~1000727574 Loan Paid in Full 0 7.~~990~~750% 360 35 4 ~~1000737448~~1000743743 Loan Paid in Full 0 87.~~600~~990% 360 45 4 ~~1000738624~~1000744644 Loan Paid in Full 0 86.~~600~~525% 360 45 4 ~~1000744172~~1000754829 Loan Paid in Full 0 107.300% 360 5 4 1000761508 Loan Paid in Full 3 10.050% 360 5 4 ~~1000744430~~1000762703 Loan Paid in Full 02 6.990% 360 45 4 ~~1000776477~~1000807639 Loan Paid in Full 0 9.~~150~~700% 360 35 4 ~~1000781657~~1000807782 Loan Paid in Full 0 8.200% 360 5 4 1000809405 Loan Paid in Full 2 8.575% 360 4 4 1000817272 Loan Paid in Full 2 7.450% 360 35 4 ~~1000786073~~1000830202 Loan Paid in Full 0(1) 710.~~050~~250% 360 4 4 ~~1000813070~~1000834976 Loan Paid in Full 0 7.500% 360 34 4 ~~1000815586~~1000857629 Loan Paid in Full 0 6.~~600~~850% 360 34 4 ~~1000818565~~1000866584 Loan Paid in Full 0 67.~~475~~650% 360 34 4 ~~1000861552~~1000874281 Loan Paid in Full 0 87.~~950~~700% 360 34 4 ~~1000870418~~1000890209 Loan Paid in Full 0 6.~~950~~250% 360 34 4 ~~1000878786~~1000893705 Loan Paid in Full 0 7.500% 360 4 4 1000906283 Loan Paid in Full 2 8.~~200~~950% 360 34 4 ~~1000899282~~1000918733 Loan Paid in Full 0 6.~~125~~250% 360 34 4 ~~1000902278~~1000919340 Loan Paid in Full 0 7.~~975~~000% 360 34 4 ~~1000922540~~1000930862 Loan Paid in Full 0 78.~~250~~350% 360 34 4 ~~1000951964~~1000943064 Loan Paid in Full 0 7.~~162~~225% 360 34 4 ~~1000959494~~1000944027 Loan Paid in Full ~~(1)~~0 96.~~900~~550% 360 34 4 ~~1000970319~~1000946310 Loan Paid in Full 0 56.~~500~~375% 360 34 4 ~~1000982146~~1000952703 Loan Paid in Full 0 76.~~400~~700% 360 34 4 ~~1000984796~~1000972549 Loan Paid in Full 0 7.~~700~~450% 360 34 4 ~~1000985394~~1000979819 Loan Paid in Full 0 56.990% 360 4 4 1000984938 Loan Paid in Full 0 8.300% 360 4 4 1000995613 Loan Paid in Full 2 10.650% 360 4 4 1001025857 Loan Paid in Full 0 8.750% 360 34 4 ~~1001015751~~1001048413 Loan Paid in Full 0 68.~~375~~050% 360 34 4 ~~1001025946~~1001054744 Loan Paid in Full 0 78.~~300~~050% 360 3 4 ~~1001036523~~1001059008 Loan Paid in Full 01 8.~~338~~250% 360 4 4 1001061264 Loan Paid in Full 1 7.200% 360 3 4 ~~1001083632~~1001086372 Loan Paid in Full 2 9.350% 360 4 4 1001114118 Loan Paid in Full 0 67.~~900~~725% 360 3 4 ~~1001087512~~1001128586 Loan Paid in Full 01 6.700% 360 4 4 1001146771 Loan Paid in Full 2 8.~~125~~100% 360 34

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 23.~~312~~324% Current Month 2433.~~476~~343% Current Month 3,~~700~~871.~~084~~725% 3 Month Average 02.~~000~~303% 3 Month Average 024.~~000~~021% 3 Month Average 03,551.~~000~~869% 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 14.244% N/A Jun-2005 3,083.799% N/A Jul-2005 24.476% N/A Jul-2005 3,700.084% N/A Aug-2005 33.343% N/A Aug-2005 3,871.725% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 1 SMM CPR PSA Current Month 02.~~956~~021% Current Month 1021.~~883~~732% Current Month 12,~~519~~377.~~211~~011% 3 Month Average 01.~~000~~187% 3 Month Average 013.~~000~~138% 3 Month Average 01,737.~~000~~445% 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 6.797% N/A Jun-2005 1,316.114% N/A Jul-2005 10.883% N/A Jul-2005 1,519.211% N/A Aug-2005 21.732% N/A Aug-2005 2,377.011% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. 2 SMM CPR PSA Current Month 23.~~972~~854% Current Month 3037.~~371~~604% Current Month 4,~~521~~311.~~980~~731% 3 Month Average 02.~~000~~718% 3 Month Average 027.~~000~~600% 3 Month Average 03,991.~~000~~568% 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 14.825% N/A Jun-2005 3,140.992% N/A Jul-2005 30.371% N/A Jul-2005 4,521.980% N/A Aug-2005 37.604% N/A Aug-2005 4,311.731% 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. 3 SMM CPR PSA Current Month 01.~~525~~807% Current Month 619.~~119~~655% Current Month ~~903~~2,242.~~893~~617% 3 Month Average 0.~~000~~935% 3 Month Average 010.~~000~~433% 3 Month Average 01,435.~~000~~217% 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 5.524% N/A Jun-2005 1,159.142% N/A Jul-2005 6.119% N/A Jul-2005 903.893% N/A Aug-2005 19.655% N/A Aug-2005 2,242.617% 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. 4 SMM CPR PSA Current Month 23.~~318~~415% Current Month 2434.~~525~~097% Current Month 34,~~880~~102.~~916~~958% 3 Month Average 02.~~000~~431% 3 Month Average 025.~~000~~273% 3 Month Average 03,985.~~000~~637% 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 17.197% N/A Jun-2005 3,973.035% N/A Jul-2005 24.525% N/A Jul-2005 3,880.916% N/A Aug-2005 34.097% N/A Aug-2005 4,102.958% 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. 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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. 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 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. 3 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. 4 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)

Filing Compare · Asset Backed Pass-Through Certificates, Series 2005-HE4