8-K 1 ace05he4_10509.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): September 26, 2005 ACE 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 333-123741-03 Pooling and Servicing Agreement) (Commission 54-2176701 (State or other File Number) 54-2176702 jurisdiction 54-2176703 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 26, 2005 a distribution was made to holders of ACE 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 September 26, 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 10/4/2005 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 September 26, 2005 distribution. EX-99.1

~~UNITED~~ACE ~~STATES~~Securities Corporation Asset Backed Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 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 A-1A 004421PK3 SEN 3.87125% 505,640,616.53 1,739,965.54 A-1B 004421PL1 SEN 3.92125% 126,410,399.11 440,610.47 A-2A 004421PM9 SEN 3.75125% 306,894,311.14 1,023,322.03 A-2B 004421PN7 SEN 3.89125% 103,646,000.00 358,500.00 A-2C 004421PP2 SEN 4.04125% 82,750,000.00 297,256.39 M-1 004421PQ0 MEZ 4.14125% 52,555,000.00 193,460.79 M-2 004421PR8 MEZ 4.16125% 45,256,000.00 167,396.92 M-3 004421PS6 MEZ 4.21125% 26,277,000.00 98,363.57 M-4 004421PT4 MEZ 4.29125% 24,818,000.00 94,666.88 M-5 004421PU1 MEZ 4.31125% 22,628,000.00 86,715.52 M-6 004421PV9 MEZ 4.37125% 20,438,000.00 79,412.98 M-7 004421PW7 MEZ 4.92125% 18,978,000.00 83,018.21 M-8 004421PX5 MEZ 5.04125% 17,518,000.00 78,500.10 M-9 004421PY3 MEZ 5.54125% 12,409,000.00 61,121.22 M-10 004421PZ0 MEZ 6.64125% 10,219,000.00 60,326.16 B-1 004421QA4 SUB 6.64125% 13,869,000.00 81,873.33 B-2 004421QB2 SUB 6.64125% 17,518,000.00 103,414.59 B-3 004421QC0 SUB 6.64125% 16,058,000.00 94,795.73 CE-1 ACE05H4C1 SUB 0.00000% 12,408,798.07 2,781,954.10 CE-2 ACE05H4C2 SEN 0.00000% 0.00 44,001.16 P ACE05HE4P SEN 0.00000% 100.00 645,590.37 R ACE05H4R1 SEN 0.00000% 0.00 0.00 Totals 1,436,291,224.85 8,614,266.06

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~(continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 16,457,664.71 0.00 489,182,951.82 18,197,630.25 0.00 A-1B 4,114,424.15 0.00 122,295,974.96 4,555,034.62 0.00 A-2A 16,036,502.79 0.00 290,857,808.35 17,059,824.82 0.00 A-2B 0.00 0.00 103,646,000.00 358,500.00 0.00 A-2C 0.00 0.00 82,750,000.00 297,256.39 0.00 M-1 0.00 0.00 52,555,000.00 193,460.79 0.00 M-2 0.00 0.00 45,256,000.00 167,396.92 0.00 M-3 0.00 0.00 26,277,000.00 98,363.57 0.00 M-4 0.00 0.00 24,818,000.00 94,666.88 0.00 M-5 0.00 0.00 22,628,000.00 86,715.52 0.00 M-6 0.00 0.00 20,438,000.00 79,412.98 0.00 M-7 0.00 0.00 18,978,000.00 83,018.21 0.00 M-8 0.00 0.00 17,518,000.00 78,500.10 0.00 M-9 0.00 0.00 12,409,000.00 61,121.22 0.00 M-10 0.00 0.00 10,219,000.00 60,326.16 0.00 B-1 0.00 0.00 13,869,000.00 81,873.33 0.00 B-2 0.00 0.00 17,518,000.00 103,414.59 0.00 B-3 0.00 0.00 16,058,000.00 94,795.73 0.00 CE-1 0.00 0.00 12,408,798.07 2,781,954.10 0.00 CE-2 0.00 0.00 0.00 44,001.16 0.00 P 0.00 0.00 100.00 645,590.37 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 36,608,591.65 0.00 1,399,682,633.20 45,222,857.71 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~Washington~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 516,015,000.00 D505,640,616.C53 0.00 ~~20549~~16,457,664.71 0.00 0.00 A-1B 129,004,000.00 126,410,399.11 0.00 4,114,424.15 0.00 0.00 A-2A 317,493,000.00 306,894,311.14 0.00 16,036,502.79 0.00 0.00 A-2B 103,646,000.00 103,646,000.00 0.00 0.00 0.00 0.00 A-2C 82,750,000.00 82,750,000.00 0.00 0.00 0.00 0.00 M-1 52,555,000.00 52,555,000.00 0.00 0.00 0.00 0.00 M-2 45,256,000.00 45,256,000.00 0.00 0.00 0.00 0.00 M-3 26,277,000.00 26,277,000.00 0.00 0.00 0.00 0.00 M-4 24,818,000.00 24,818,000.00 0.00 0.00 0.00 0.00 M-5 22,628,000.00 22,628,000.00 0.00 0.00 0.00 0.00 M-6 20,438,000.00 20,438,000.00 0.00 0.00 0.00 0.00 M-7 18,978,000.00 18,978,000.00 0.00 0.00 0.00 0.00 M-8 17,518,000.00 17,518,000.00 0.00 0.00 0.00 0.00 M-9 12,409,000.00 12,409,000.00 0.00 0.00 0.00 0.00 M-10 10,219,000.00 10,219,000.00 0.00 0.00 0.00 0.00 B-1 13,869,000.00 13,869,000.00 0.00 0.00 0.00 0.00 B-2 17,518,000.00 17,518,000.00 0.00 0.00 0.00 0.00 B-3 16,058,000.00 16,058,000.00 0.00 0.00 0.00 0.00 CE-1 12,409,496.84 12,408,798.07 0.00 0.00 0.00 0.00 CE-2 1,459,558,596.84 0.00 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 2,919,417,193.68 1,436,291,224.85 0.00 36,608,591.65 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.

~~Form~~Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1A 16,457,664.71 489,182,951.82 0.94800142 16,457,664.71 A-1B 4,114,424.15 122,295,974.96 0.94800142 4,114,424.15 A-2A 16,036,502.79 290,857,808.35 0.91610778 16,036,502.79 A-2B 0.00 103,646,000.00 1.00000000 0.00 A-2C 0.00 82,750,000.00 1.00000000 0.00 M-1 0.00 52,555,000.00 1.00000000 0.00 M-2 0.00 45,256,000.00 1.00000000 0.00 M-3 0.00 26,277,000.00 1.00000000 0.00 M-4 0.00 24,818,000.00 1.00000000 0.00 M-5 0.00 22,628,000.00 1.00000000 0.00 M-6 0.00 20,438,000.00 1.00000000 0.00 M-7 0.00 18,978,000.00 1.00000000 0.00 M-8 0.00 17,518,000.00 1.00000000 0.00 M-K9 0.00 12,409,000.00 1.00000000 0.00 M-10 0.00 10,219,000.00 1.00000000 0.00 B-1 0.00 13,869,000.00 1.00000000 0.00 B-2 0.00 17,518,000.00 1.00000000 0.00 B-3 0.00 16,058,000.00 1.00000000 0.00 CE-1 0.00 12,408,798.07 0.99994369 0.00 CE-2 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 36,608,591.65 1,399,682,633.20 0.47943906 36,608,591.65

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 516,015,000.00 979.89519012 0.00000000 31.89377191 0.00000000 A-1B 129,004,000.00 979.89519015 0.00000000 31.89377190 0.00000000 A-2A 317,493,000.00 966.61756681 0.00000000 50.50978381 0.00000000 A-2B 103,646,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2C 82,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 52,555,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 45,256,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 26,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 24,818,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 22,628,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 20,438,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 18,978,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 17,518,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 12,409,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 10,219,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 13,869,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 17,518,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 16,058,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE-1 12,409,496.84 999.94369071 0.00000000 0.00000000 0.00000000 CE-2 1,459,558,596.84 0.00000000 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.

~~Pursuant~~Principal toDistribution ~~Section~~Factors 13Statement or(continued) 15Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (d3) ofReduction Balance Percentage Distribution A-1A 0.00000000 31.89377191 948.00141821 0.94800142 31.89377191 A-1B 0.00000000 31.89377190 948.00141825 0.94800142 31.89377190 A-2A 0.00000000 50.50978381 916.10778301 0.91610778 50.50978381 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE-1 0.00000000 0.00000000 999.94369071 0.99994369 0.00000000 CE-2 0.00000000 0.00000000 0.00000000 0.00000000 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.

~~Securities~~Interest ~~Exchange~~Distribution ~~Act~~Statement Beginning Payment of ~~1934~~Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1A 516,015,000.00 3.87125% 505,640,616.53 1,739,965.54 0.00 0.00 A-1B 129,004,000.00 3.92125% 126,410,399.11 440,610.47 0.00 0.00 A-2A 317,493,000.00 3.75125% 306,894,311.14 1,023,322.03 0.00 0.00 A-2B 103,646,000.00 3.89125% 103,646,000.00 358,500.00 0.00 0.00 A-2C 82,750,000.00 4.04125% 82,750,000.00 297,256.39 0.00 0.00 M-1 52,555,000.00 4.14125% 52,555,000.00 193,460.79 0.00 0.00 M-2 45,256,000.00 4.16125% 45,256,000.00 167,396.92 0.00 0.00 M-3 26,277,000.00 4.21125% 26,277,000.00 98,363.57 0.00 0.00 M-4 24,818,000.00 4.29125% 24,818,000.00 94,666.88 0.00 0.00 M-5 22,628,000.00 4.31125% 22,628,000.00 86,715.52 0.00 0.00 M-6 20,438,000.00 4.37125% 20,438,000.00 79,412.98 0.00 0.00 M-7 18,978,000.00 4.92125% 18,978,000.00 83,018.21 0.00 0.00 M-8 17,518,000.00 5.04125% 17,518,000.00 78,500.10 0.00 0.00 M-9 12,409,000.00 5.54125% 12,409,000.00 61,121.22 0.00 0.00 M-10 10,219,000.00 6.64125% 10,219,000.00 60,326.16 0.00 0.00 B-1 13,869,000.00 6.64125% 13,869,000.00 81,873.33 0.00 0.00 B-2 17,518,000.00 6.64125% 17,518,000.00 103,414.59 0.00 0.00 B-3 16,058,000.00 6.64125% 16,058,000.00 94,795.73 0.00 0.00 CE-1 12,409,496.84 0.00000% 1,431,231,180.60 0.00 0.00 0.00 CE-2 1,459,558,596.84 0.00000% 0.00 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 2,919,417,193.68 5,142,720.43 0.00 0.00

~~Date~~Interest ofDistribution ~~Report~~Statement (~~Date~~continued) ofRemaining ~~earliest~~Ending ~~event~~Non-Supported ~~reported~~Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4): ~~September~~Distribution Shortfall Balance A-1A 0.00 0.00 1,739,965.54 0.00 489,182,951.82 A-1B 0.00 0.00 440,610.47 0.00 122,295,974.96 A-2A 0.00 0.00 1,023,322.03 0.00 290,857,808.35 A-2B 0.00 0.00 358,500.00 0.00 103,646,000.00 A-2C 0.00 0.00 297,256.39 0.00 82,750,000.00 M-1 0.00 0.00 193,460.79 0.00 52,555,000.00 M-2 0.00 0.00 167,396.92 0.00 45,256,000.00 M-3 0.00 0.00 98,363.57 0.00 26,277,000.00 M-4 0.00 0.00 94,666.88 0.00 24,818,000.00 M-5 0.00 0.00 86,715.52 0.00 22,628,000.00 M-6 0.00 0.00 79,412.98 0.00 20,438,000.00 M-7 0.00 0.00 83,018.21 ~~2005~~0.00 18,978,000.00 M-8 0.00 0.00 78,500.10 0.00 17,518,000.00 M-9 0.00 0.00 61,121.22 0.00 12,409,000.00 M-10 0.00 0.00 60,326.16 0.00 10,219,000.00 B-1 0.00 0.00 81,873.33 0.00 13,869,000.00 B-2 0.00 0.00 103,414.59 0.00 17,518,000.00 B-3 0.00 0.00 94,795.73 0.00 16,058,000.00 CE-1 0.00 0.00 2,781,954.10 0.00 1,399,682,633.20 CE-2 0.00 0.00 44,001.16 0.00 0.00 P 0.00 0.00 645,590.37 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 8,614,266.06 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.

~~ACE~~Interest ~~SECURITIES~~Distribution ~~CORP~~Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1A 516,015,000.00 3.87125% 979.89519012 3.37192822 0.00000000 0.00000000 A-1B 129,004,000.00 3.92125% 979.89519015 3.41547913 0.00000000 0.00000000 A-2A 317,493,000.00 3.75125% 966.61756681 3.22313257 0.00000000 0.00000000 A-2B 103,646,000.00 3.89125% 1000.00000000 3.45888891 0.00000000 0.00000000 A-2C 82,750,000.00 4.04125% 1000.00000000 3.59222224 0.00000000 0.00000000 M-1 52,555,000.00 4.14125% 1000.00000000 3.68111103 0.00000000 0.00000000 M-2 45,256,000.00 4.16125% 1000.00000000 3.69888899 0.00000000 0.00000000 M-3 26,277,000.00 4.21125% 1000.00000000 3.74333333 0.00000000 0.00000000 M-4 24,818,000.00 4.29125% 1000.00000000 3.81444435 0.00000000 0.00000000 M-5 22,628,000.00 4.31125% 1000.00000000 3.83222203 0.00000000 0.00000000 M-6 20,438,000.00 4.37125% 1000.00000000 3.88555534 0.00000000 0.00000000 M-7 18,978,000.00 4.92125% 1000.00000000 4.37444462 0.00000000 0.00000000 M-8 17,518,000.00 5.04125% 1000.00000000 4.48111086 0.00000000 0.00000000 M-9 12,409,000.00 5.54125% 1000.00000000 4.92555565 0.00000000 0.00000000 M-10 10,219,000.00 6.64125% 1000.00000000 5.90333301 0.00000000 0.00000000 B-1 13,869,000.00 6.64125% 1000.00000000 5.90333333 0.00000000 0.00000000 B-2 17,518,000.00 6.64125% 1000.00000000 5.90333314 0.00000000 0.00000000 B-3 16,058,000.00 6.64125% 1000.00000000 5.90333354 0.00000000 0.00000000 CE-1 12,409,496.84 0.00000% 115333.53842250 0.00000000 0.00000000 0.00000000 CE-2 1,459,558,596.84 0.00000% 0.00000000 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 (ascontinued) ~~depositor~~Remaining ~~under~~Ending ~~the~~Non-Supported ~~Pooling~~Total ~~and~~Unpaid ~~Servicing~~Certificate/ ~~Agreement~~Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1A 0.00000000 0.00000000 3.37192822 0.00000000 948.00141821 A-1B 0.00000000 0.00000000 3.41547913 0.00000000 948.00141825 A-2A 0.00000000 0.00000000 3.22313257 0.00000000 916.10778301 A-2B 0.00000000 0.00000000 3.45888891 0.00000000 1000.00000000 A-2C 0.00000000 0.00000000 3.59222224 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 3.68111103 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.69888899 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.74333333 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.81444435 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.83222203 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.88555534 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.37444462 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.48111086 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.92555565 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 5.90333301 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 5.90333333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 5.90333314 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 5.90333354 0.00000000 1000.00000000 CE-1 0.00000000 0.00000000 224.17944385 0.00000000 112791.24780373 CE-2 0.00000000 0.00000000 0.03014690 0.00000000 0.00000000 P 0.00000000 0.00000000 6455903.70000000 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.

~~dated~~CERTIFICATEHOLDER asACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of ~~June~~Interest 1and Principal 45,054,221.84 ~~2005~~Liquidations, ~~providing~~Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 130,224.35 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 645,590.37 Total Deposits 45,830,036.56 Withdrawals Reimbursement for ~~the~~Servicer ~~issuance~~Advances 36,898.70 Payment of Service Fee 570,280.14 Payment of Interest and Principal 45,222,857.72 Total Withdrawals (Pool Distribution Amount) 45,830,036.56 Ending Balance 0.00

~~ACE~~PREPAYMENT/CURTAILMENT ~~Securities~~INTEREST ~~Corp.~~SHORTFALL ~~Home~~Total ~~Equity~~Prepayment/Curtailment ~~Loan~~Interest ~~Trust,~~Shortfall ~~Series~~0.00 ~~2005~~Servicing Fee Support 0.00 Non-~~HE4,~~Supported Prepayment/Curtailment Interest Shortfall 0.00

~~Asset-Backed~~SERVICING ~~Pass~~FEES Gross Servicing Fee 552,389.69 Credit Risk Manager Fee -~~Through~~ ~~Certificates)~~Murray Hill Company 16,697.79 Master Servicing Fee: Wells Fargo Bank 1,192.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 570,280.14

~~ACE~~OTHER ~~Securities~~ACCOUNTS ~~Corp~~Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 19,353.56 19,353.56 1,000.00

~~(Exact~~LOAN ~~name~~STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of ~~registrant~~Loans asNo ~~specified~~of inLoans ~~its~~No ~~charter)~~of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 212,103.86 0.00 0.00 212,103.86 30 Days 101 0 0 0 101 15,586,352.00 0.00 0.00 0.00 15,586,352.00 60 Days 16 0 0 0 16 2,941,493.21 0.00 0.00 0.00 2,941,493.21 90 Days 2 0 1 0 3 435,951.80 0.00 511,579.49 0.00 947,531.29 120 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 119 2 1 0 122 18,963,797.01 212,103.86 511,579.49 0.00 19,687,480.36 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 0.024160% 0.000000% 0.000000% 0.024160% 0.015146% 0.000000% 0.000000% 0.015146% 30 Days 1.220101% 0.000000% 0.000000% 0.000000% 1.220101% 1.112969% 0.000000% 0.000000% 0.000000% 1.112969% 60 Days 0.193283% 0.000000% 0.000000% 0.000000% 0.193283% 0.210042% 0.000000% 0.000000% 0.000000% 0.210042% 90 Days 0.024160% 0.000000% 0.012080% 0.000000% 0.036241% 0.031130% 0.000000% 0.036530% 0.000000% 0.067660% 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 1.437545% 0.024160% 0.012080% 0.000000% 1.473786% 1.354141% 0.015146% 0.036530% 0.000000% 1.405817%

Delinquency Status By Groups

Delaware	333-123741-03	56-2088493
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
6525 Morrison Blvd., Suite 318, Charlotte, North Carolina	28211
(Address of Principal Executive Offices)	(Zip Code)

~~Registrant’s~~OTHER ~~telephone~~INFORMATION ~~number,~~Current ~~including~~Period ~~area~~Class ~~code:~~A ~~704-365-0569~~Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 130,224.35

~~Check~~SUBORDINATION ~~the~~LEVEL/CREDIT ~~appropriate~~ENHANCEMENT/CLASS ~~box~~PERCENTAGE ~~below~~AND ifPREPAYMENT ~~the~~PERCENTAGE ~~Form~~Current 8Original $ Original % Current $ Current % Class% Prepayment% Class M-K1 ~~filing~~1,717,954,193.68 is117.67949289% ~~intended~~258,394,898.07 to18.46096336% ~~simultaneously~~3.754780% ~~satisfy~~0.000000% ~~the~~Class ~~filing~~M-2 ~~obligation~~1,672,698,193.68 of114.57946662% ~~the~~213,138,898.07 ~~registrant~~15.22765897% ~~under~~3.233304% ~~any~~0.000000% ofClass ~~the~~M-3 ~~following~~1,646,421,193.68 ~~provisions~~112.77949777% ~~(see~~186,861,898.07 ~~General~~13.35030482% ~~Instruction~~1.877354% A0.000000% Class M-4 1,621,603,193.68 111.07947011% 162,043,898.07 11.57718859% 1.773116% 0.000000% Class B-1 1,505,544,193.68 103.12945356% 45,984,898.07 3.28538034% 0.990867% 0.000000% Class B-2 1,488,026,193.68 ~~below):~~101.92947433% 28,466,898.07 2.03381091% 1.251569% 0.000000% Class B-3 1,471,968,193.68 100.82950478% 12,408,898.07 0.88655083% 1.147260% 0.000000% Class CE-1 1,459,558,696.84 99.97945691% 100.00 0.00000714% 0.886544% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000007% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

REO Detail - All Mortgage Loans in REO during Current Period

oSummary ~~Written~~12 ~~communications~~Month ~~pursuant~~REO toHistory* ~~Rule~~New ~~425~~REO ~~under~~Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.000% *The text reported in the ~~Securities~~above ~~Act~~table ~~(17~~is ~~CFR~~presented ~~230~~graphically on the monthly bond remittance report.~~425)~~ The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Sub Grp 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 1 Subgrp 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 2 sub grp 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 2 SubGroup 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current REO Total Feb-05 0.000% Loans in REO 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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.

oREO ~~Soliciting~~Loan ~~material~~Detail ~~pursuant~~- toAll ~~Rule~~Mortgage ~~14a-12(b)~~Loans ~~under~~in ~~the~~REO ~~Exchange~~during ~~Act~~Current ~~(17~~Period ~~CFR~~Month ~~240~~Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.~~14a-12(b))~~

oREO ~~Pre~~Loan Detail -~~commencement~~ ~~communications~~All ~~pursuant~~Mortgage toLoans ~~Rule~~in ~~14d-2~~REO during Current Period (bcontinued) ~~under~~Current ~~the~~Paid ~~Exchange~~Current ~~Act~~Approximate ~~(17~~Loan ~~CFR~~Principal ~~240~~To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.~~14d-2(b))~~

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

oSummary ~~Pre~~12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Oct-~~commencement~~04 ~~communications~~0.000% ~~pursuant~~Original toPrincipal ~~Rule~~Balance ~~13e~~512,000.00 Nov-~~4(c)~~04 ~~under~~0.000% Current Principal Balance 511,579.49 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 1 Mar-05 0.000% Original Principal Balance 512,000.00 Apr-05 0.000% Current Principal Balance 511,579.49 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.037% *The text reported in the ~~Exchange~~above ~~Act~~table ~~(17~~is ~~CFR~~presented ~~240~~graphically on the monthly bond remittance report.~~13e~~ The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 Sub Grp 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-~~4(c))~~04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 1 Subgrp 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 2 sub grp 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Oct-04 0.000% Original Principal Balance 0.00 Nov-04 0.000% Current Principal Balance 0.00 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 0 Mar-05 0.000% Original Principal Balance 0.00 Apr-05 0.000% Current Principal Balance 0.00 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-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 2 SubGroup 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 1 Oct-04 0.000% Original Principal Balance 512,000.00 Nov-04 0.000% Current Principal Balance 511,579.49 Dec-04 0.000% Jan-05 0.000% Current Foreclosure Total Feb-05 0.000% Loans in Foreclosure 1 Mar-05 0.000% Original Principal Balance 512,000.00 Apr-05 0.000% Current Principal Balance 511,579.49 May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% Sep-05 0.098% *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.

~~Section~~Foreclosure 2Loan Detail - ~~Completion~~All ofMortgage ~~Acquisition~~Loans orin ~~Disposition~~Foreclosure ofduring ~~Assets~~Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group 2 SubGroup 2 0110449120 Sep-2005 01-Apr-2005 NV 80.00 512,000.00

~~Item~~Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 2~~.01~~ ~~Completion~~SubGroup of2 ~~Acquisition~~0110449120 or511,579.49 ~~Disposition~~01-Apr-2005 of3 ~~Assets~~6.990% 8,726.18

OnCOLLATERAL ~~June~~STATEMENT ~~29,~~Collateral ~~2005,~~Description aFixed ~~series~~Mixed of& ~~certificates,~~ARM ~~entitled~~& ~~ACE~~Balloon ~~Securities~~Weighted ~~Corp~~Average Gross Coupon 7.160262% ~~Home~~Weighted ~~Equity~~Average ~~Loan~~Net ~~Trust,~~Coupon ~~Series~~6.566111% ~~2005-HE4,~~Weighted ~~Asset-Backed~~Average Pass-Through ~~Certificates,~~Rate ~~were~~6.682117% ~~issued~~Weighted ~~pursuant~~Average toMaturity(Stepdown ~~a pooling~~Calculation) ~~and~~351 ~~servicing~~Beginning ~~agreement~~Scheduled Collateral Loan Count 6,322 ~~dated~~Number asOf ofLoans ~~June~~Paid In Full (1,956) ~~2005~~Ending ~~(the~~Scheduled ~~“Pooling~~Collateral ~~and~~Loan ~~Servicing~~Count ~~Agreement”)~~8,278 ~~among~~Beginning ~~ACE~~Scheduled ~~Securities~~Collateral ~~Corp~~Balance 1,115,653,825.16 asEnding ~~depositor~~Scheduled ~~(the~~Collateral ~~“Depositor”)~~Balance 1,399,682,633.20 ~~Wells~~Ending ~~Fargo~~Actual ~~Bank~~Collateral Balance at 31-Aug-2005 1,400,429,622.25 NMonthly P&I Constant 9,384,158.A.62 asSpecial ~~master~~Servicing ~~servicer~~Fee ~~and~~0.00 ~~securities~~Prepayment ~~administrator~~Penalties 645,590.37 ~~Ocwen~~Realized ~~Federal~~Loss ~~Bank~~Amount ~~FSB~~0.00 asCumulative aRealized ~~servicer~~Loss 0.00 Scheduled Principal 844,166.38 ~~Countrywide~~Unscheduled ~~Home~~Principal ~~Loans~~30,704,381.02 ~~Servicing~~Required LPOvercollateralization asAmount a0.00 ~~servicer~~Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 12,408,798.07 ~~Saxon~~Overcollateralized ~~Mortgage~~Amount ~~Services~~12,408,798.07 ~~Inc~~Overcollateralized Deficiency Amount 0.00 asBase aOvercollateralized ~~servicer~~Amount ~~and~~0.00 ~~HSBC~~Extra ~~Bank~~principal ~~USA,~~distribution ~~National~~Amount ~~Association~~0.00 asExcess ~~trustee~~Cash ~~(the~~Amount ~~“Trustee”)~~0.00

OnGroup ~~September~~Level Collateral Statement Group Group 1, ~~2005,~~Sub ~~following~~Grp ~~the~~1 ~~closing~~Group of1 ~~the~~Subgrp ~~initial~~2 ~~issuance~~Group of2 ~~the~~sub ~~Certificates,~~grp ~~the~~1 ~~Trustee~~Collateral ~~purchased~~Description ~~from~~Mixed ~~the~~ARM ~~Depositor~~Mixed ~~certain~~Fixed ~~Subsequent~~Mixed ~~Mortgage~~ARM and Balloon Weighted Average Coupon Rate 7.761705 7.263162 7.531875 Weighted Average Net Rate 7.182960 6.695074 6.939955 Weighted Average Maturity 331 355 336 Beginning Loan Count 1,224 3,310 519 Loans Paid In Full (548) (778) (160) Ending Loan Count 1,772 as4,088 ~~defined~~679 inBeginning ~~the~~Scheduled ~~Pooling~~Balance ~~and~~132,628,888.23 ~~Servicing~~523,839,303.75 ~~Agreement~~73,571,383.72 ~~with~~Ending anScheduled ~~aggregate~~Balance ~~Stated~~160,119,120.89 625,932,237.65 90,090,962.65 Record Date 08/31/2005 08/31/2005 08/31/2005 Principal ~~Balance~~And ~~equal~~Interest toConstant $1,208,041.22 ~~315~~4,~~577~~273,~~355~~763.~~44 with~~89 ~~funds~~651,198.00 onScheduled ~~deposit~~Principal in159,712.96 ~~the~~387,723.92 ~~pre-funding~~79,807.92 ~~account~~Unscheduled ~~established~~Principal ~~pursuant~~1,798,165.66 to15,721,017.45 ~~the~~864,737.59 ~~Pooling~~Scheduled ~~and~~Interest 1,048,328.26 3,886,039.97 571,390.08 Servicing ~~Agreement~~Fees at63,965.30 a247,989.25 ~~purchase~~36,290.32 ~~price~~Master ~~equal~~Servicing toFees ~~the~~135.05 ~~Stated~~535.04 ~~Principal~~75.86 ~~Balance~~Trustee ~~thereof,~~Fee ~~which~~0.00 ~~Subsequent~~0.00 ~~Mortgage~~0.00 ~~Loans~~FRY ~~were~~Amount ~~conveyed~~0.00 to0.00 ~~the~~0.00 ~~Trustee~~Special ~~pursuant~~Hazard toFee a0.00 ~~Subsequent~~0.00 ~~Transfer~~0.00 ~~Instrument,~~Other ~~dated~~Fee ~~September~~1,890.89 7,490.53 1,062.09 ~~2005~~Pool ~~(the~~Insurance ~~“Instrument”),~~Fee ~~between~~0.00 ~~the~~0.00 ~~Depositor~~0.00 ~~and~~Spread ~~the~~1 ~~Trustee~~0. ~~Attached~~00 to0.00 ~~the~~0.00 ~~Instrument~~Spread is2 ~~the~~0.00 ~~Mortgage~~0.00 ~~Loan~~0.00 ~~Schedule~~Spread ~~listing~~3 ~~the~~0.00 ~~Subsequent~~0.00 ~~Mortgage~~0.00 ~~Loans~~Net ~~that~~Interest ~~are~~982,337.02 ~~the~~3,630,025.15 ~~subject~~533,961.81 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of ~~such~~Cumulative ~~Instrument~~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 7.273113 6.784661 7.038508

~~Section~~Group Level Collateral Statement Group Group 2 SubGroup 2 Total Collateral Description Mixed Fixed Fixed Mixed & ARM & Balloon Weighted Average Coupon Rate 6.792077 7.160262 Weighted Average Net Rate 6.156795 6.566111 Weighted Average Maturity 355 351 Beginning Loan Count 1,269 6,322 Loans Paid In Full (470) (1,956) Ending Loan Count 1,739 8,278 -Beginning Scheduled Balance 385,614,249.46 1,115,653,825.16 Ending scheduled Balance 523,540,312.01 1,399,682,633.20 Record Date 08/31/2005 08/31/2005 Principal And Interest Constant 3,251,155.51 9,384,158.62 Scheduled Principal 216,921.58 844,166.38 Unscheduled Principal 12,320,460.32 30,704,381.02 Scheduled Interest 3,034,233.93 8,539,992.24 Servicing Fees 204,144.82 552,389.69 Master Servicing Fees 446.71 1,192.66 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other ~~Events~~Fee 6,254.28 16,697.79 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 2,823,388.12 7,969,712.10 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 6.320102 6.682117

~~Item~~Prepayment 8Detail - 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 1 Sub Grp 1 19 1,788,418.0100 1,783,164.34 ~~Other~~0 ~~Events~~0.00 0.00 Group 1 Subgrp 2 83 15,700,863.00 15,667,534.35 0 0.00 0.00 Group 2 sub grp 1 5 866,600.00 863,623.15 0 0.00 0.00 Group 2 SubGroup 2 36 12,313,402.00 12,295,861.51 0 0.00 0.00 Total 143 30,669,283.00 30,610,183.35 0 0.00 0.00

~~Description~~Prepayment ofDetail ~~the~~- ~~Mortgage~~Prepayments ~~Pool~~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 1 Sub Grp 1 0 0.00 0.00 0 0.00 0.00 16,307.31 Group 1 Subgrp 2 0 0.00 0.00 0 0.00 0.00 62,924.46 Group 2 sub grp 1 0 0.00 0.00 0 0.00 0.00 1,808.07 Group 2 SubGroup 2 0 0.00 0.00 0 0.00 0.00 29,896.69 Total 0 0.00 0.00 0 0.00 0.00 110,936.53

~~The~~Prepayment ~~Certificates~~Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 Sub Grp 1 0110444778 OH 100.00 01-Apr-2005 27,400.00 ~~issued~~27,300.34 ~~pursuant~~Group to1 ~~the~~Sub ~~Agreement~~Grp 1 0110444837 CA 90.00 01-Apr-2005 145,741.00 ~~evidence~~145,335.86 inGroup ~~the~~1 ~~aggregate~~Sub ~~the~~Grp ~~entire~~1 ~~beneficial~~0110445049 ~~ownership~~MI ~~interest~~77.33 in01-Apr-2005 a116,000.00 ~~trust~~114,304.18 ~~fund~~Group ~~(the~~1 ~~“Trust~~Sub ~~Fund”)~~Grp 1 0110456502 MD 100.00 01-May-2005 53,600.00 ~~consisting~~53,500.00 ~~primarily~~Group of1 aSub ~~segregated~~Grp ~~pool~~1 ~~(the~~0110457649 ~~“Mortgage~~CA ~~Pool”)~~100.00 of01-Jun-2005 ~~conventional~~59,600.00 ~~one~~59,506.04 Group 1 Sub Grp 1 0110466018 CO 100.00 01-Jun-2005 to47,000.00 ~~four~~46,918.42 Group 1 Sub Grp 1 0110474263 IL 99.99 01-Jun-2005 ~~family~~43,560.00 ~~first~~43,503.38 ~~lien~~Group ~~and~~1 ~~second~~Sub ~~lien~~Grp 1 0110474850 CA 100.00 01-Jun-2005 55,487.00 ~~adjustable~~55,410.85 Group 1 Sub Grp 1 0110475490 KS 100.00 01-~~rate~~Jun-2005 ~~and~~14,580.00 ~~fixed~~14,527.33 Group 1 Sub Grp 1 0110481777 CA 51.77 01-~~rate~~Jun-2005 ~~mortgage~~146,000.00 ~~loans~~145,497.81 ~~having~~Group ~~original~~1 ~~terms~~Sub toGrp ~~maturity~~1 of0110482311 ~~not~~MD ~~greater~~85.00 ~~than~~01-Jun-2005 212,500.00 211,790.23 Group 1 Sub Grp 1 0110482638 FL 75.00 01-Jun-2005 133,500.00 133,242.45 Group 1 Sub Grp 1 0110483393 HI 100.00 01-May-2005 86,850.00 86,650.44 Group 1 Sub Grp 1 0110484087 FL 100.00 01-Jun-2005 68,000.00 67,890.44 Group 1 Sub Grp 1 0110485433 MI 77.50 01-May-2005 62,000.00 61,818.99 Group 1 Sub Grp 1 0110485996 CA 52.73 01-Jun-2005 145,000.00 144,360.37 Group 1 Sub Grp 1 0110486057 CA 100.00 01-Jun-2005 127,600.00 127,358.93 Group 1 Sub Grp 1 0110486704 MN 79.84 01-May-2005 202,000.00 201,218.12 Group 1 Sub Grp 1 0110487217 CA 100.00 01-May-2005 42,000.00 41,724.17 Group 1 Subgrp 2 0110441813 CA 85.00 01-Apr-2005 242,250.00 240,568.07 Group 1 Subgrp 2 0110442089 AZ 80.00 01-Apr-2005 140,353.00 139,543.47 Group 1 Subgrp 2 0110443805 AZ 80.00 01-Apr-2005 164,000.00 164,000.00 Group 1 Subgrp 2 0110444734 PA 80.00 01-Apr-2005 116,640.00 116,063.57 Group 1 Subgrp 2 0110444764 AZ 90.00 01-Apr-2005 155,700.00 155,699.99 Group 1 Subgrp 2 0110444881 OH 85.29 01-Apr-2005 72,500.00 72,197.22 Group 1 Subgrp 2 0110444891 TX 80.00 01-Apr-2005 104,000.00 103,609.30 ~~years~~Group ~~(the~~1 ~~“Mortgage~~Subgrp ~~Loans”)~~2 0110444974 SC 85.00 ~~After~~01-Apr-2005 ~~the~~140,250.00 ~~Subsequent~~139,725.77 ~~Transfer~~Group ~~Date~~1 Subgrp 2 0110445039 GA 75.00 01-Apr-2005 168,750.00 ~~the~~167,979.16 ~~Trust~~Group ~~Fund~~1 ~~primarily~~Subgrp ~~consisted~~2 of0110445146 ~~the~~AZ ~~Mortgage~~85.00 ~~Pool~~01-Apr-2005 114,750.00 ~~which~~114,659.20 ~~consisted~~Group of1 Subgrp 2 0110445189 NJ 70.59 01-Feb-2005 336,000.00 335,816.60 Group I1 ~~Mortgage~~Subgrp ~~Loans~~2 ~~having~~0110449129 anIL ~~aggregate~~85.00 ~~Stated~~01-Apr-2005 ~~Principal~~141,950.00 ~~Balance~~141,450.97 ofGroup ~~approximately~~1 ~~$817~~Subgrp 2 0110456574 CA 80.00 01-May-2005 188,~~153~~000.00 187,~~014~~218.0291 Group 1 Subgrp 2 0110456594 PA 75.00 01-May-2005 99,000.00 ~~and~~98,636.76 Group II1 ~~Mortgage~~Subgrp ~~Loans~~2 ~~having~~0110456683 anMD ~~aggregate~~85.00 ~~Stated~~01-Apr-2005 ~~Principal~~123,250.00 ~~Balance~~122,941.54 ofGroup ~~approximately~~1 ~~$637~~Subgrp 2 0110456741 CA 77.42 01-May-2005 480,~~712~~000.00 478,~~306~~057.82 Group 1 Subgrp 2 0110457660 CA 74.88 01-May-2005 322,000.00 320,551.68 Group 1 Subgrp 2 0110466134 OR 65.00 01-May-2005 131,950.00 131,609.79 Group 1 Subgrp 2 0110466201 CO 80.00 01-Jun-2005 188,000.00 188,000.00 Group 1 Subgrp 2 0110466243 FL 90.00 01-Jun-2005 91,800.00 91,800.00 Group 1 Subgrp 2 0110474142 IA 90.00 01-Jun-2005 108,000.00 107,768.68 Group 1 Subgrp 2 0110475020 OH 90.00 01-Jun-2005 84,150.00 83,897.84 Group 1 Subgrp 2 0110475208 IL 80.00 01-Jun-2005 84,000.00 83,684.79 Group 1 Subgrp 2 0110475489 KS 80.00 01-Jun-2005 58,320.00 58,207.55 Group 1 Subgrp 2 0110476148 CA 83.22 01-Jun-2005 630,000.00 630,000.00 Group 1 Subgrp 2 0110481822 CA 95.00 01-Jun-2005 313,500.00 312,615.22 Group 1 Subgrp 2 0110481947 NJ 78.35 01-Jun-2005 275,000.00 274,108.10 Group 1 Subgrp 2 0110482095 AZ 61.62 01-Jun-2005 114,000.00 113,619.18 Group 1 Subgrp 2 0110482278 FL 80.00 01-Jun-2005 188,800.00 188,283.01 Group 1 Subgrp 2 0110482301 CA 84.31 01-Jun-2005 274,000.00 273,066.69 Group 1 Subgrp 2 0110482759 AZ 81.33 01-Jun-2005 207,400.00 206,912.46 Group 1 Subgrp 2 0110482766 WA 80.00 01-Jun-2005 127,200.00 126,799.47 Group 1 Subgrp 2 0110482869 OH 90.00 01-Jun-2005 113,310.00 112,986.98 Group 1 Subgrp 2 0110482957 WI 60.00 01-Jun-2005 107,400.00 106,998.90 Group 1 Subgrp 2 0110483119 TX 66.67 01-Jun-2005 250,000.00 249,043.70 Group 1 Subgrp 2 0110483131 CA 79.45 01-Jun-2005 348,000.00 346,914.98 Group 1 Subgrp 2 0110483227 MD 61.46 01-Jun-2005 162,880.00 162,340.17 Group 1 Subgrp 2 0110483263 CA 80.00 01-Jun-2005 246,400.00 245,583.38 Group 1 Subgrp 2 0110483294 AZ 80.00 01-Jun-2005 132,000.00 131,722.73 Group 1 Subgrp 2 0110483303 NJ 88.97 01-Jun-2005 234,000.00 233,357.82 Group 1 Subgrp 2 0110483309 ME 84.26 01-Jun-2005 227,500.00 226,709.84 Group 1 Subgrp 2 0110483324 NJ 70.00 01-Jun-2005 231,000.00 230,293.90 Group 1 Subgrp 2 0110483336 NJ 69.86 01-Jun-2005 255,000.00 254,412.78 Group 1 Subgrp 2 0110483379 CA 89.83 01-May-2005 284,750.00 284,749.96 Group 1 Subgrp 2 0110483799 CA 66.00 01-Jun-2005 330,000.00 328,864.96 Group 1 Subgrp 2 0110484046 NJ 90.00 01-Jun-2005 108,000.00 107,727.25 Group 1 Subgrp 2 0110484518 CA 82.11 01-Jun-2005 314,500.00 313,457.70 Group 1 Subgrp 2 0110484560 CA 82.94 01-May-2005 141,000.00 140,632.70 Group 1 Subgrp 2 0110484562 FL 88.00 01-May-2005 110,000.00 109,521.09 Group 1 Subgrp 2 0110484569 CA 90.00 01-May-2005 128,700.00 128,700.00 Group 1 Subgrp 2 0110484577 CA 23.94 01-May-2005 67,500.00 67,214.57 Group 1 Subgrp 2 0110484721 CA 70.83 01-Jun-2005 255,000.00 254,197.06 Group 1 Subgrp 2 0110485014 CA 66.35 01-Jun-2005 254,800.00 253,923.62 Group 1 Subgrp 2 0110485056 CA 90.00 01-Jun-2005 315,000.00 315,000.00 Group 1 Subgrp 2 0110485062 CA 90.00 01-Jun-2005 270,900.00 270,003.95 Group 1 Subgrp 2 0110485074 CA 85.00 01-Jun-2005 221,000.00 220,430.47 Group 1 Subgrp 2 0110485089 IL 74.47 01-Jun-2005 175,000.00 175,000.00 Group 1 Subgrp 2 0110485270 MD 90.00 01-May-2005 238,500.00 238,499.96 Group 1 Subgrp 2 0110485277 CA 73.77 01-May-2005 225,000.00 225,000.00 Group 1 Subgrp 2 0110485763 NV 61.62 01-Jun-2005 228,000.00 227,092.07 Group 1 Subgrp 2 0110485779 CA 85.47 01-Jun-2005 220,500.00 219,640.27 Group 1 Subgrp 2 0110485863 CA 70.00 01-Jun-2005 184,800.00 184,298.01 Group 1 Subgrp 2 0110485949 CA 64.90 01-Jun-2005 159,000.00 158,473.04 Group 1 Subgrp 2 0110485987 RI 58.04 01-Jun-2005 148,000.00 147,662.65 Group 1 Subgrp 2 0110486027 FL 90.00 01-Jun-2005 135,900.00 135,527.65 Group 1 Subgrp 2 0110486078 IL 42.86 01-Jun-2005 120,000.00 119,661.31 Group 1 Subgrp 2 0110486104 VA 65.00 01-Jun-2005 114,075.00 113,749.08 Group 1 Subgrp 2 0110486109 NM 80.00 01-Jun-2005 113,600.00 113,282.59 Group 1 Subgrp 2 0110486141 MO 80.00 01-Jun-2005 107,200.00 106,926.53 Group 1 Subgrp 2 0110486237 TX 100.00 01-Jun-2005 87,500.00 87,341.53 Group 1 Subgrp 2 0110486537 CA 85.00 01-May-2005 327,250.00 325,983.31 Group 1 Subgrp 2 0110486562 CA 95.00 01-May-2005 299,250.00 299,250.00 Group 1 Subgrp 2 0110486614 WA 80.00 01-May-2005 256,000.00 254,650.73 Group 1 Subgrp 2 0110486656 WI 61.08 01-May-2005 226,000.00 224,808.88 Group 1 Subgrp 2 0110486700 CA 70.00 01-May-2005 203,000.00 202,072.41 Group 1 Subgrp 2 0110486730 CA 47.37 01-May-2005 188,535.00 187,405.98 Group 1 Subgrp 2 0110486753 MD 81.82 01-May-2005 180,000.00 179,999.50 Group 1 Subgrp 2 0110486766 MN 80.00 01-May-2005 172,800.00 172,800.00 Group 1 Subgrp 2 0110486933 CT 85.00 01-May-2005 120,700.00 120,319.60 Group 1 Subgrp 2 0110486940 GA 90.00 01-May-2005 118,800.00 118,375.29 Group 1 Subgrp 2 0110486997 AZ 80.00 01-May-2005 104,000.00 103,476.12 Group 1 Subgrp 2 0110487086 OH 100.00 01-May-2005 87,000.00 86,779.11 Group 1 Subgrp 2 0110487158 IA 85.00 01-May-2005 66,300.00 66,136.05 Group 2 sub grp 1 0110433864 CA 48.18 01-Apr-2005 265,000.00 263,542.95 Group 2 sub grp 1 0110449125 CA 100.00 01-Apr-2005 75,600.00 75,440.97 Group 2 sub grp 1 0110456542 MD 80.00 01-May-2005 404,000.00 402,321.51 Group 2 sub grp 1 0110456543 MD 100.00 01-May-2005 101,000.00 100,719.42 Group 2 sub grp 1 0110475209 IL 100.00 01-Jun-2005 21,000.00 20,904.67 Group 2 SubGroup 2 0110436154 NJ 80.00 01-Mar-2005 272,800.00 272,800.00 Group 2 SubGroup 2 0110443706 NV 80.00 01-Apr-2005 157,590.00 157,590.00 Group 2 SubGroup 2 0110444952 SC 80.00 01-Apr-2005 228,000.00 228,000.00 Group 2 SubGroup 2 0110447346 CA 80.00 01-Apr-2005 382,332.00 382,332.00 Group 2 SubGroup 2 0110447398 CA 54.14 01-Apr-2005 360,000.00 360,000.00 Group 2 SubGroup 2 0110449126 CA 80.00 01-Apr-2005 302,400.00 302,398.38 Group 2 SubGroup 2 0110456503 MD 80.00 01-May-2005 214,400.00 213,902.17 Group 2 SubGroup 2 0110456769 CA 94.88 01-May-2005 499,999.00 499,999.00 Group 2 SubGroup 2 0110457635 CA 80.00 01-Jun-2005 472,000.00 472,000.00 Group 2 SubGroup 2 0110457650 CA 80.00 01-Jun-2005 238,400.00 238,399.90 Group 2 SubGroup 2 0110466112 CA 85.00 01-May-2005 370,600.00 369,466.05 Group 2 SubGroup 2 0110474271 IL 80.00 01-Jun-2005 174,320.00 173,726.25 Group 2 SubGroup 2 0110474849 CA 80.00 01-Jun-2005 221,947.00 221,947.00 Group 2 SubGroup 2 0110475348 CA 90.00 01-Jun-2005 477,000.00 477,000.00 Group 2 SubGroup 2 0110481760 CA 79.17 01-Jun-2005 475,000.00 473,709.70 Group 2 SubGroup 2 0110481884 MI 95.00 01-Jun-2005 379,050.00 378,186.03 Group 2 SubGroup 2 0110481897 CA 80.00 01-Jun-2005 310,384.00 309,394.11 Group 2 SubGroup 2 0110482385 CA 80.00 01-Jun-2005 264,000.00 263,228.36 Group 2 SubGroup 2 0110482593 GA 80.00 01-Jun-2005 192,000.00 191,395.43 Group 2 SubGroup 2 0110482629 FL 80.00 01-Jun-2005 448,000.00 446,616.96 Group 2 SubGroup 2 0110483038 CA 83.81 01-Jun-2005 440,000.00 439,999.97 Group 2 SubGroup 2 0110483734 FL 90.00 01-Jun-2005 298,980.00 298,193.68 Group 2 SubGroup 2 0110483909 FL 80.00 01-Jun-2005 172,000.00 171,494.75 Group 2 SubGroup 2 0110484001 IL 80.00 01-Jun-2005 261,600.00 260,831.53 Group 2 SubGroup 2 0110484200 CA 90.00 01-Jun-2005 315,000.00 313,889.90 Group 2 SubGroup 2 0110484592 CA 80.00 01-Jun-2005 424,000.00 422,706.31 Group 2 SubGroup 2 0110485535 CA 95.00 01-Jun-2005 421,800.00 421,800.00 Group 2 SubGroup 2 0110485542 IL 90.00 01-Jun-2005 406,800.00 405,316.97 Group 2 SubGroup 2 0110485594 CO 70.97 01-Jun-2005 330,000.00 329,063.97 Group 2 SubGroup 2 0110485597 NJ 90.00 01-Jun-2005 327,600.00 326,710.12 Group 2 SubGroup 2 0110485730 CA 80.00 01-Jun-2005 246,400.00 246,400.00 Group 2 SubGroup 2 0110485788 IL 85.00 01-Jun-2005 215,900.00 214,939.48 Group 2 SubGroup 2 0110486436 HI 80.00 01-May-2005 600,000.00 597,258.41 Group 2 SubGroup 2 0110486451 CA 89.11 01-May-2005 499,000.00 499,000.00 Group 2 SubGroup 2 0110486452 NJ 90.00 01-May-2005 494,100.00 492,298.07 Group 2 SubGroup 2 0110503215 CA 75.00 01-May-2005 420,000.00 418,569.13

~~Section~~Prepayment 9Loan Detail - ~~Financial~~Prepayments ~~Statements~~during ~~and~~Current ~~Exhibits~~Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 Sub Grp 1 0110444778 Loan Paid in Full 0 9.850% 360 5 Group 1 Sub Grp 1 0110444837 Loan Paid in Full 0 10.700% 360 5 Group 1 Sub Grp 1 0110445049 Loan Paid in Full 0 7.550% 240 5 Group 1 Sub Grp 1 0110456502 Loan Paid in Full 0 10.875% 180 4 Group 1 Sub Grp 1 0110457649 Loan Paid in Full 0 10.600% 180 3 Group 1 Sub Grp 1 0110466018 Loan Paid in Full 0 10.150% 180 3 Group 1 Sub Grp 1 0110474263 Loan Paid in Full 0 11.490% 180 3 Group 1 Sub Grp 1 0110474850 Loan Paid in Full 0 11.240% 180 3 Group 1 Sub Grp 1 0110475490 Loan Paid in Full 0 12.990% 240 3 Group 1 Sub Grp 1 0110481777 Loan Paid in Full (1) 6.800% 360 3 Group 1 Sub Grp 1 0110482311 Loan Paid in Full 0 6.950% 360 3 Group 1 Sub Grp 1 0110482638 Loan Paid in Full 0 9.650% 360 3 Group 1 Sub Grp 1 0110483393 Loan Paid in Full 0 9.900% 360 4 Group 1 Sub Grp 1 0110484087 Loan Paid in Full 0 10.500% 360 3 Group 1 Sub Grp 1 0110485433 Loan Paid in Full (1) 8.750% 360 4 Group 1 Sub Grp 1 0110485996 Loan Paid in Full 0 5.750% 360 3 Group 1 Sub Grp 1 0110486057 Loan Paid in Full 0 9.750% 360 3 Group 1 Sub Grp 1 0110486704 Loan Paid in Full 0 7.350% 360 4 Group 1 Sub Grp 1 0110487217 Loan Paid in Full 0 10.150% 240 4 Group 1 Subgrp 2 0110441813 Loan Paid in Full 0 5.490% 360 5 Group 1 Subgrp 2 0110442089 Loan Paid in Full 0 6.250% 360 5 Group 1 Subgrp 2 0110443805 Loan Paid in Full 0 7.500% 360 5 Group 1 Subgrp 2 0110444734 Loan Paid in Full 0 7.050% 360 5 Group 1 Subgrp 2 0110444764 Loan Paid in Full (1) 5.650% 360 5 Group 1 Subgrp 2 0110444881 Loan Paid in Full 0 7.900% 360 5 Group 1 Subgrp 2 0110444891 Loan Paid in Full 0 8.425% 360 5 Group 1 Subgrp 2 0110444974 Loan Paid in Full 0 8.450% 360 5 Group 1 Subgrp 2 0110445039 Loan Paid in Full 0 7.450% 360 5 Group 1 Subgrp 2 0110445146 Loan Paid in Full 0 5.700% 360 5 Group 1 Subgrp 2 0110445189 Loan Paid in Full 0 6.550% 360 7 Group 1 Subgrp 2 0110449129 Loan Paid in Full 0 8.750% 360 5 Group 1 Subgrp 2 0110456574 Loan Paid in Full (1) 6.990% 360 4 Group 1 Subgrp 2 0110456594 Loan Paid in Full 0 7.620% 360 4 Group 1 Subgrp 2 0110456683 Loan Paid in Full 0 10.375% 360 5 Group 1 Subgrp 2 0110456741 Loan Paid in Full 0 7.125% 360 4 Group 1 Subgrp 2 0110457660 Loan Paid in Full 0 6.650% 360 4 Group 1 Subgrp 2 0110466134 Loan Paid in Full 0 9.350% 360 4 Group 1 Subgrp 2 0110466201 Loan Paid in Full 0 7.150% 360 3 Group 1 Subgrp 2 0110466243 Loan Paid in Full 0 7.740% 360 3 Group 1 Subgrp 2 0110474142 Loan Paid in Full 0 9.150% 360 3 Group 1 Subgrp 2 0110475020 Loan Paid in Full 0 7.500% 360 3 Group 1 Subgrp 2 0110475208 Loan Paid in Full 0 6.350% 360 3 Group 1 Subgrp 2 0110475489 Loan Paid in Full 0 9.700% 360 3 Group 1 Subgrp 2 0110476148 Loan Paid in Full 0 6.750% 360 3 Group 1 Subgrp 2 0110481822 Loan Paid in Full 0 7.800% 360 3 Group 1 Subgrp 2 0110481947 Loan Paid in Full 0 7.100% 360 3 Group 1 Subgrp 2 0110482095 Loan Paid in Full 0 6.950% 360 3 Group 1 Subgrp 2 0110482278 Loan Paid in Full 0 7.950% 360 3 Group 1 Subgrp 2 0110482301 Loan Paid in Full 0 6.850% 360 3 Group 1 Subgrp 2 0110482759 Loan Paid in Full 0 8.700% 360 3 Group 1 Subgrp 2 0110482766 Loan Paid in Full 0 7.250% 360 3 Group 1 Subgrp 2 0110482869 Loan Paid in Full 0 7.750% 360 3 Group 1 Subgrp 2 0110482957 Loan Paid in Full (1) 6.375% 360 3 Group 1 Subgrp 2 0110483119 Loan Paid in Full (1) 6.250% 360 3 Group 1 Subgrp 2 0110483131 Loan Paid in Full 0 7.300% 360 3 Group 1 Subgrp 2 0110483227 Loan Paid in Full 0 6.990% 360 3 Group 1 Subgrp 2 0110483263 Loan Paid in Full 0 6.990% 360 3 Group 1 Subgrp 2 0110483294 Loan Paid in Full 0 6.750% 360 3 Group 1 Subgrp 2 0110483303 Loan Paid in Full 0 7.950% 360 3 Group 1 Subgrp 2 0110483309 Loan Paid in Full 0 6.750% 360 3 Group 1 Subgrp 2 0110483324 Loan Paid in Full 0 7.400% 360 3 Group 1 Subgrp 2 0110483336 Loan Paid in Full 0 8.800% 360 3 Group 1 Subgrp 2 0110483379 Loan Paid in Full 0 6.150% 360 4 Group 1 Subgrp 2 0110483799 Loan Paid in Full 0 6.800% 360 3 Group 1 Subgrp 2 0110484046 Loan Paid in Full 0 8.350% 360 3 Group 1 Subgrp 2 0110484518 Loan Paid in Full (1) 6.990% 360 3 Group 1 Subgrp 2 0110484560 Loan Paid in Full 0 9.300% 360 4 Group 1 Subgrp 2 0110484562 Loan Paid in Full 0 6.750% 360 4 Group 1 Subgrp 2 0110484569 Loan Paid in Full (1) 7.400% 360 4 Group 1 Subgrp 2 0110484577 Loan Paid in Full 0 6.900% 360 4 Group 1 Subgrp 2 0110484721 Loan Paid in Full 0 7.250% 360 3 Group 1 Subgrp 2 0110485014 Loan Paid in Full 0 6.800% 360 3 Group 1 Subgrp 2 0110485056 Loan Paid in Full 0 6.500% 360 3 Group 1 Subgrp 2 0110485062 Loan Paid in Full 0 7.000% 360 3 Group 1 Subgrp 2 0110485074 Loan Paid in Full 0 8.250% 360 3 Group 1 Subgrp 2 0110485089 Loan Paid in Full 0 6.300% 360 3 Group 1 Subgrp 2 0110485270 Loan Paid in Full 0 7.375% 360 4 Group 1 Subgrp 2 0110485277 Loan Paid in Full 0 6.900% 360 4 Group 1 Subgrp 2 0110485763 Loan Paid in Full 0 6.050% 360 3 Group 1 Subgrp 2 0110485779 Loan Paid in Full 0 6.150% 360 3 Group 1 Subgrp 2 0110485863 Loan Paid in Full 0 7.990% 360 3 Group 1 Subgrp 2 0110485949 Loan Paid in Full 0 6.990% 360 3 Group 1 Subgrp 2 0110485987 Loan Paid in Full 0 8.850% 360 3 Group 1 Subgrp 2 0110486027 Loan Paid in Full 0 8.725% 360 3 Group 1 Subgrp 2 0110486078 Loan Paid in Full 0 7.800% 360 3 Group 1 Subgrp 2 0110486104 Loan Paid in Full 0 7.750% 360 3 Group 1 Subgrp 2 0110486109 Loan Paid in Full 0 7.850% 360 3 Group 1 Subgrp 2 0110486141 Loan Paid in Full 0 8.300% 360 3 Group 1 Subgrp 2 0110486237 Loan Paid in Full 0 9.950% 360 3 Group 1 Subgrp 2 0110486537 Loan Paid in Full 0 7.350% 360 4 Group 1 Subgrp 2 0110486562 Loan Paid in Full 0 7.700% 360 4 Group 1 Subgrp 2 0110486614 Loan Paid in Full 0 5.750% 360 4 Group 1 Subgrp 2 0110486656 Loan Paid in Full 0 5.750% 360 4 Group 1 Subgrp 2 0110486700 Loan Paid in Full 0 6.500% 360 4 Group 1 Subgrp 2 0110486730 Loan Paid in Full 0 5.300% 360 4 Group 1 Subgrp 2 0110486753 Loan Paid in Full 0 7.150% 360 4 Group 1 Subgrp 2 0110486766 Loan Paid in Full 0 6.700% 360 4 Group 1 Subgrp 2 0110486933 Loan Paid in Full 0 8.375% 360 4 Group 1 Subgrp 2 0110486940 Loan Paid in Full 0 7.750% 360 4 Group 1 Subgrp 2 0110486997 Loan Paid in Full 0 5.990% 360 4 Group 1 Subgrp 2 0110487086 Loan Paid in Full 0 9.800% 360 4 Group 1 Subgrp 2 0110487158 Loan Paid in Full 0 9.550% 360 4 Group 2 sub grp 1 0110433864 Loan Paid in Full 0 6.500% 360 5 Group 2 sub grp 1 0110449125 Loan Paid in Full 0 11.250% 180 5 Group 2 sub grp 1 0110456542 Loan Paid in Full (1) 6.990% 360 4 Group 2 sub grp 1 0110456543 Loan Paid in Full (1) 8.990% 180 4 Group 2 sub grp 1 0110475209 Loan Paid in Full 0 11.240% 240 3 Group 2 SubGroup 2 0110436154 Loan Paid in Full 0 8.000% 360 6 Group 2 SubGroup 2 0110443706 Loan Paid in Full 0 5.500% 360 5 Group 2 SubGroup 2 0110444952 Loan Paid in Full 0 7.650% 360 5 Group 2 SubGroup 2 0110447346 Loan Paid in Full 0 6.000% 360 5 Group 2 SubGroup 2 0110447398 Loan Paid in Full 0 5.625% 360 5 Group 2 SubGroup 2 0110449126 Loan Paid in Full 0 7.850% 360 5 Group 2 SubGroup 2 0110456503 Loan Paid in Full 0 6.325% 360 4 Group 2 SubGroup 2 0110456769 Loan Paid in Full 0 7.265% 360 4 Group 2 SubGroup 2 0110457635 Loan Paid in Full 0 7.750% 360 3 Group 2 SubGroup 2 0110457650 Loan Paid in Full 0 7.250% 360 3 Group 2 SubGroup 2 0110466112 Loan Paid in Full 0 8.520% 360 4 Group 2 SubGroup 2 0110474271 Loan Paid in Full 0 6.850% 360 3 Group 2 SubGroup 2 0110474849 Loan Paid in Full 0 5.900% 360 3 Group 2 SubGroup 2 0110475348 Loan Paid in Full 0 7.050% 360 3 Group 2 SubGroup 2 0110481760 Loan Paid in Full 0 7.990% 360 3 Group 2 SubGroup 2 0110481884 Loan Paid in Full 0 8.850% 360 3 Group 2 SubGroup 2 0110481897 Loan Paid in Full 0 7.800% 360 3 Group 2 SubGroup 2 0110482385 Loan Paid in Full 0 7.625% 360 3 Group 2 SubGroup 2 0110482593 Loan Paid in Full 0 7.250% 360 3 Group 2 SubGroup 2 0110482629 Loan Paid in Full 0 7.350% 360 3 Group 2 SubGroup 2 0110483038 Loan Paid in Full 0 6.800% 360 3 Group 2 SubGroup 2 0110483734 Loan Paid in Full 0 8.150% 360 3 Group 2 SubGroup 2 0110483909 Loan Paid in Full 0 7.600% 360 3 Group 2 SubGroup 2 0110484001 Loan Paid in Full 0 7.600% 360 3 Group 2 SubGroup 2 0110484200 Loan Paid in Full 0 6.675% 360 3 Group 2 SubGroup 2 0110484592 Loan Paid in Full 0 7.800% 360 3 Group 2 SubGroup 2 0110485535 Loan Paid in Full 0 7.550% 360 3 Group 2 SubGroup 2 0110485542 Loan Paid in Full (1) 6.500% 360 3 Group 2 SubGroup 2 0110485594 Loan Paid in Full 0 7.775% 360 3 Group 2 SubGroup 2 0110485597 Loan Paid in Full 0 7.990% 360 3 Group 2 SubGroup 2 0110485730 Loan Paid in Full 0 6.500% 360 3 Group 2 SubGroup 2 0110485788 Loan Paid in Full 0 6.250% 360 3 Group 2 SubGroup 2 0110486436 Loan Paid in Full 0 6.500% 360 4 Group 2 SubGroup 2 0110486451 Loan Paid in Full 0 7.525% 360 4 Group 2 SubGroup 2 0110486452 Loan Paid in Full 0 7.650% 360 4 Group 2 SubGroup 2 0110503215 Loan Paid in Full 0 7.990% 360 4

Prepayment - Voluntary Prepayments

~~Item~~Summary 9SMM CPR PSA Current Month 2.01147% ~~Financial~~Current ~~Statements~~Month 22.925% Current Month 3,309.500% 3 Month Average 1.365% 3 Month Average 15.011% 3 Month Average 2,913.453% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 8.663% N/A Jul-2005 2,793.093% N/A Aug-2005 13.443% N/A Aug-2005 2,637.765% N/A Sep-2005 22.925% N/A Sep-2005 3,309.500% 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 1 Sub Grp 1 SMM CPR PSA Current Month 1.111% Current Month 12.542% Current Month 1,825.928% 3 Month Average 0.649% 3 Month Average 7.443% 3 Month Average 1,412.392% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 3.599% N/A Jul-2005 1,183.312% N/A Aug-2005 6.189% N/A Aug-2005 1,227.936% N/A Sep-2005 12.542% N/A Sep-2005 1,825.928% 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 1 Subgrp 2 SMM CPR PSA Current Month 2.450% Current Month 25.745% Current Month 3,770.411% 3 Month Average 1.498% 3 Month Average 16.219% 3 Month Average 3,063.402% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 6.274% N/A Jul-2005 2,086.853% N/A Aug-2005 16.639% N/A Aug-2005 3,332.943% N/A Sep-2005 25.745% N/A Sep-2005 3,770.411% 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 2 sub grp 1 SMM CPR PSA Current Month 0.951% Current Month 10.831% Current Month 1,491.217% 3 Month Average 0.754% 3 Month Average 8.666% 3 Month Average 1,786.209% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 8.789% N/A Jul-2005 2,664.451% N/A Aug-2005 6.380% N/A Aug-2005 1,202.960% N/A Sep-2005 10.831% N/A Sep-2005 1,491.217% 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 2 SubGroup 2 SMM CPR PSA Current Month 2.299% Current Month 24.355% Current Month 3,476.726% 3 Month Average 1.538% 3 Month Average 16.814% 3 Month Average 3,358.588% 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. 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 N/A N/A Jun-2005 N/A N/A Jul-2005 13.397% N/A Jul-2005 4,167.282% N/A Aug-2005 12.689% N/A Aug-2005 2,431.756% N/A Sep-2005 24.355% N/A Sep-2005 3,476.726% 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 ~~Exhibits~~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))

~~(a)~~Realized ~~Not~~Loss ~~applicable~~Detail ~~(b)~~Report ~~Not~~- ~~applicable~~Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(cGain) ~~Exhibits~~Loss Group Losses Balance Amount Percentage Group 1 Sub Grp 1 0 0.00 0.00 0.000% Group 1 Subgrp 2 0 0.00 0.00 0.000% Group 2 sub grp 1 0 0.00 0.00 0.000% Group 2 SubGroup 2 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%

	Exhibit No.		Description
	4.2		Subsequent Transfer Instrument, dated as of September 1, 2005 between ACE Securities Corp. as seller and HSBC Bank USA, National Association, as trustee.

~~SIGNATURES~~Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.

Realized Loss Report - Collateral Summary

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: September 7, 2005

ACE SECURITIES CORP. By: /s/ Douglas K. Johnson Name: Douglas K. Johnson Title: President By: /s/ Evelyn Echevarria Name: Evelyn Echevarria Title: Vice President

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.2	Subsequent Transfer Instrument, dated as of September 1, 2005 between ACE Securities Corp. as seller and HSBC Bank USA, National Association, as trustee.

Filing Compare · ACE Securities Corp Home Equity Loan Trust 2005-HE4