8-K 1 bam05004_10510.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): October 25, 2005 BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2005-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-118843-20 Pooling and Servicing Agreement) (Commission 54-2173098 (State or other File Number) 54-2173099 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On October 25, 2005 a distribution was made to holders of BANC OF AMERICA MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-4 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the October 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. BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2005-4 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 10/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-4 Trust, relating to the October 25, 2005 distribution. EX-99.1

Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 79/2930/2005 Distribution Date: 810/25/2005 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2005-4 Contact: CTSLink Customer Service Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 @ www.ctslink.com/cmbs Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1-A-1 05949A5A4 SEN 5.50000% 25,193,000.00 115,467.92 1-A-2 05949A5B2 SEN 34.~~81000~~18000% 5755,~~132~~311,~~644~~870.8049 ~~181~~192,~~396~~669.1568 1-A-3 05949A5C0 SEN 109.~~14750~~13000% 1918,~~528~~906,~~556~~196.8446 ~~165~~143,~~138~~844.3664 1-A-4 05949A5D8 SEN 109.~~14750~~13000% 1,~~246~~207,~~950~~210.3699 109,~~544~~184.5286 1-A-5 05949A5E6 SEN 5.50000% ~~506~~511,~~906~~563.5685 2,~~323~~344.3267 1-A-6 05949A5F3 SEN 5.50000% 0.00 0.00 1-A-7 05949A5G1 SEN 5.35000% 15,114,000.00 67,383.25 1-A-8 05949A5H9 SEN 5.00000% 4645,~~758~~666,~~398~~892.1791 ~~194~~190,~~826~~278.6672 1-A-9 05949A5J5 SEN 5.00000% 18,000,000.00 75,000.00 1-A-10 05949A5K2 SEN 5.25000% 33,352,000.00 145,915.00 1-A-11 05949A5L0 SEN 5.50000% 0.00 33,~~931~~476.0021 1-A-12 05949A5M8 SEN 5.50000% 0.00 881.65 1-A-13 05949A5N6 SEN 5.50000% 21,626,000.00 99,119.17 1-A-R 05949A5P1 SEN 5.50000% 0.00 0.00 2-A-1 05949A5Q9 SEN 5.50000% 22,~~350~~238,~~339~~397.8549 ~~102~~101,~~439~~925.0699 A-PO 05949A5S5 SEN 0.00000% 3,~~297~~267,~~292~~638.8677 0.00 A-IO 05949A5R7 SEN 5.50000% 0.00 98,~~412~~999.2231 B-1 05949A5T3 SUB 5.50000% 3,~~575~~566,~~208~~446.2194 16,~~386~~346.3722 B-2 05949A5U0 SUB 5.50000% 1,~~236~~233,~~575~~545.6433 5,~~667~~653.6475 B-3 05949A5V8 SUB 5.50000% ~~687~~685,~~540~~855.0418 3,~~151~~143.2350 B-4 05949A5W6 SUB 5.50000% ~~550~~548,~~032~~684.0314 2,~~520~~514.9880 B-5 05949A5X4 SUB 5.50000% ~~412~~411,~~524~~513.0211 1,~~890~~886.7410 B-6 05949A5Y2 SUB 5.50000% ~~275~~274,~~385~~710.5281 1,~~262~~259.1809 Totals ~~270~~267,~~843~~115,~~354~~526.9047 1,~~234~~217,~~657~~294.4253

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 0.00 0.00 25,193,000.00 115,467.92 0.00 1-A-2 1115,~~304,597~~242.3099 0.00 55,~~828~~196,~~047~~627.4950 1307,~~485,993~~912.4567 0.00 1-A-3 ~~445~~39,~~925~~391.4930 0.00 1918,~~082~~866,~~631~~805.3516 ~~611~~183,~~063~~235.8594 0.00 1-A-4 282,~~473~~515.5324 0.00 1,~~218~~204,~~476~~695.8375 3911,~~018~~700.0510 0.00 1-A-5 (2,~~323~~344.3267) 0.00 ~~509~~513,~~229~~908.8852 0.00 0.00 1-A-6 0.00 0.00 0.00 0.00 0.00 1-A-7 0.00 0.00 15,114,000.00 67,383.25 0.00 1-A-8 ~~519~~624,~~502~~270.7358 0.00 4645,~~238~~042,~~895~~622.4433 ~~714~~814,~~329~~549.3930 0.00 1-A-9 0.00 0.00 18,000,000.00 75,000.00 0.00 1-A-10 0.00 0.00 33,352,000.00 145,915.00 0.00 1-A-11 0.00 0.00 0.00 33,~~931~~476.0021 0.00 1-A-12 0.00 0.00 0.00 881.65 0.00 1-A-13 0.00 0.00 21,626,000.00 99,119.17 0.00 1-A-R 0.00 0.00 0.00 0.00 0.00 2-A-1 531,~~164~~313,750.4216 0.00 2220,~~297~~924,~~175~~647.4333 ~~155~~1,~~603~~415,676.4815 0.00 A-PO 1327,~~676~~173.9627 0.00 3,~~283~~240,~~615~~465.9049 1327,~~676~~173.9627 0.00 A-IO 0.00 0.00 0.00 98,~~412~~999.2231 0.00 B-1 4,~~368~~395.7396 0.00 3,~~570~~562,~~839~~050.4898 20,~~755~~742.1018 0.00 B-2 1,~~511~~520.0445 0.00 1,~~235~~232,~~064~~024.6088 7,~~178~~174.6820 0.00 B-3 ~~840~~845.1438 0.00 ~~686~~685,~~699~~009.9080 3,~~991~~988.3788 0.00 B-4 ~~672~~676.1130 0.00 ~~549~~548,~~359~~007.9284 3,~~193~~191.0910 0.00 B-5 ~~504~~507.0823 0.00 ~~412~~411,~~019~~005.9488 2,~~394~~393.8233 0.00 B-6 ~~336~~338.3747 0.00 ~~275~~274,~~049~~372.1534 1,~~598~~597.5556 0.00 Totals 2,~~371~~128,~~249~~282.5866 0.00 ~~268~~264,~~472~~987,~~105~~243.3180 3,~~605~~345,~~907~~577.0019 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 25,193,000.00 25,193,000.00 0.00 0.00 0.00 0.00 1-A-2 58,775,200.00 5755,~~132~~311,~~644~~870.8049 ~~151~~39,~~284~~093.1865 176,~~153,313~~149.1234 0.00 0.00 1-A-3 20,090,000.00 1918,~~528~~906,~~556~~196.8446 5113,~~710~~362.5763 ~~394~~26,~~214~~028.9267 0.00 0.00 1-A-4 1,282,800.00 1,~~246~~207,~~950~~210.3699 ~~3,301~~853.8624 251,~~171~~662.6700 0.00 0.00 1-A-5 500,000.00 ~~506~~511,~~906~~563.5685 0.00 0.00 (2,~~323~~344.3267) 0.00 1-A-6 814,000.00 0.00 0.00 0.00 0.00 0.00 1-A-7 15,114,000.00 15,114,000.00 0.00 0.00 0.00 0.00 1-A-8 48,000,000.00 4645,~~758~~666,~~398~~892.1791 60211,~~242~~770.7605 ~~459~~412,~~259~~500.9753 0.00 0.00 1-A-9 18,000,000.00 18,000,000.00 0.00 0.00 0.00 0.00 1-A-10 33,352,000.00 33,352,000.00 0.00 0.00 0.00 0.00 1-A-11 0.00 0.00 0.00 0.00 0.00 0.00 1-A-12 0.00 0.00 0.00 0.00 0.00 0.00 1-A-13 21,626,000.00 21,626,000.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 0.00 2-A-1 23,086,000.00 22,~~350~~238,~~339~~397.8549 52,~~067~~601.9703 1,~~096~~261,149.4513 0.00 0.00 A-PO 3,346,418.00 3,~~297~~267,~~292~~638.8677 4,~~351~~353.1489 922,~~325~~819.8239 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-1 3,588,000.00 3,~~575~~566,~~208~~446.2194 4,~~368~~395.7396 0.00 0.00 0.00 B-2 1,241,000.00 1,~~236~~233,~~575~~545.6433 1,~~511~~520.0445 0.00 0.00 0.00 B-3 690,000.00 ~~687~~685,~~540~~855.0418 ~~840~~845.1438 0.00 0.00 0.00 B-4 552,000.00 ~~550~~548,~~032~~684.0314 ~~672~~676.1130 0.00 0.00 0.00 B-5 414,000.00 ~~412~~411,~~524~~513.0211 ~~504~~507.0823 0.00 0.00 0.00 B-6 276,370.83 ~~275~~274,~~385~~710.5281 ~~336~~338.3747 0.00 0.00 0.00 Totals 275,940,888.83 ~~270~~267,~~843~~115,~~354~~526.9047 ~~331~~330,~~190~~318.9528 21,~~042~~800,~~381~~309.9506 (2,~~323~~344.3267) 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A-1 0.00 25,193,000.00 1.00000000 0.00 1-A-2 1115,~~304,597~~242.3099 55,~~828~~196,~~047~~627.4950 0.~~94985721~~93911424 1115,~~304,597~~242.3099 1-A-3 ~~445~~39,~~925~~391.4930 1918,~~082~~866,~~631~~805.3516 0.~~94985721~~93911424 ~~445~~39,~~925~~391.4930 1-A-4 282,~~473~~515.5324 1,~~218~~204,~~476~~695.8375 0.~~94985721~~93911424 282,~~473~~515.5324 1-A-5 (2,~~323~~344.3267) ~~509~~513,~~229~~908.8852 1.~~01845976~~02781704 (2,~~323~~344.3267) 1-A-6 0.00 0.00 0.00000000 0.00 1-A-7 0.00 15,114,000.00 1.00000000 0.00 1-A-8 ~~519~~624,~~502~~270.7358 4645,~~238~~042,~~895~~622.4433 0.~~96331032~~93838797 ~~519~~624,~~502~~270.7358 1-A-9 0.00 18,000,000.00 1.00000000 0.00 1-A-10 0.00 33,352,000.00 1.00000000 0.00 1-A-11 0.00 0.00 0.00000000 0.00 1-A-12 0.00 0.00 0.00000000 0.00 1-A-13 0.00 21,626,000.00 1.00000000 0.00 1-A-R 0.00 0.00 0.00000000 0.00 2-A-1 531,~~164~~313,750.4216 2220,~~297~~924,~~175~~647.4333 0.~~96583104~~90637821 531,~~164~~313,750.4216 A-PO 1327,~~676~~173.9627 3,~~283~~240,~~615~~465.9049 0.~~98123304~~96833853 1327,~~676~~173.9627 A-IO 0.00 0.00 0.00000000 0.00 B-1 4,~~368~~395.7396 3,~~570~~562,~~839~~050.4898 0.~~99521725~~99276783 4,~~368~~395.7396 B-2 1,~~511~~520.0445 1,~~235~~232,~~064~~024.6088 0.~~99521724~~99276783 1,~~511~~520.0445 B-3 ~~840~~845.1438 ~~686~~685,~~699~~009.9080 0.~~99521725~~99276783 ~~840~~845.1438 B-4 ~~672~~676.1130 ~~549~~548,~~359~~007.9284 0.~~99521725~~99276783 ~~672~~676.1130 B-5 ~~504~~507.0823 ~~412~~411,~~019~~005.9488 0.~~99521725~~99276783 ~~504~~507.0823 B-6 ~~336~~338.3747 ~~275~~274,~~049~~372.1534 0.~~99521773~~99276881 ~~336~~338.3747 Totals 2,~~371~~128,~~249~~282.5866 ~~268~~264,~~472~~987,~~105~~243.3180 0.~~97293339~~96030438 2,~~371~~128,~~249~~282.5866

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 25,193,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-2 58,775,200.00 ~~972~~941.~~05360084~~07498554 20.~~57394581~~66513853 191.~~62244484~~29560325 0.00000000 1-A-3 20,090,000.00 ~~972~~941.~~05360080~~07498556 20.~~57394574~~66513838 191.~~62244500~~29560329 0.00000000 1-A-4 1,282,800.00 ~~972~~941.~~05360150~~07498441 20.~~57394761~~66513876 191.~~62244309~~29560337 0.00000000 1-A-5 500,000.00 ~~1013~~1023.~~81312000~~12770000 0.00000000 0.00000000 (4.~~64664000~~68934000) 1-A-6 814,000.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 15,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-8 48,000,000.00 ~~974~~951.~~13329521~~39360229 14.~~25505750~~41187604 98.~~56791604~~59376104 0.00000000 1-A-9 18,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-10 33,352,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-11 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-12 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-13 21,626,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 23,086,000.00 ~~968~~963.~~13392749~~28499913 2.~~25539158~~27848176 054.~~04749415~~62830850 0.00000000 A-PO 3,346,418.00 ~~985~~976.~~32008255~~45864025 1.~~30023805~~30105982 26.~~78680667~~81904950 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,588,000.00 ~~996~~993.~~43484114~~99301561 1.~~21759476~~22518395 0.00000000 0.00000000 B-2 1,241,000.00 ~~996~~993.~~43484287~~99301370 1.~~21759871~~22518131 0.00000000 0.00000000 B-3 690,000.00 ~~996~~993.~~43484058~~99301449 1.~~21759420~~22518841 0.00000000 0.00000000 B-4 552,000.00 ~~996~~993.~~43483696~~99300725 1.~~21759058~~22518116 0.00000000 0.00000000 B-5 414,000.00 ~~996~~993.~~43483092~~99301932 1.~~21758454~~22519324 0.00000000 0.00000000 B-6 276,370.83 ~~996~~993.~~43482635~~99350503 1.~~21709661~~22469510 0.00000000 0.00000000 (2) All classes are per $1,000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-2 0.00000000 221.~~19639065~~96074178 ~~949~~939.~~85721001~~11424376 0.~~94985721~~93911424 221.~~19639065~~96074178 1-A-3 0.00000000 221.~~19639074~~96074166 ~~949~~939.~~85721005~~11424390 0.~~94985721~~93911424 221.~~19639074~~96074166 1-A-4 0.00000000 221.~~19639071~~96074213 ~~949~~939.~~85721079~~11424228 0.~~94985721~~93911424 221.~~19639071~~96074213 1-A-5 0.00000000 (4.~~64664000~~68934000) 1,~~018~~027.~~45976000~~81704000 1.~~01845976~~02781704 (4.~~64664000~~68934000) 1-A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-8 0.00000000 1013.~~82297354~~00563708 ~~963~~938.~~31032167~~38796521 0.~~96331032~~93838797 1013.~~82297354~~00563708 1-A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 256.~~30288573~~90679026 ~~965~~906.~~83104176~~37820887 0.~~96583104~~90637821 256.~~30288573~~90679026 A-PO 0.00000000 48.~~08704471~~12010633 ~~981~~968.~~23303783~~33853093 0.~~98123304~~96833853 48.~~08704471~~12010633 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~21759476~~22518395 ~~995~~992.~~21724638~~76783166 0.~~99521725~~99276783 1.~~21759476~~22518395 B-2 0.00000000 1.~~21759871~~22518131 ~~995~~992.~~21724416~~76783239 0.~~99521724~~99276783 1.~~21759871~~22518131 B-3 0.00000000 1.~~21759420~~22518841 ~~995~~992.~~21724638~~76782609 0.~~99521725~~99276783 1.~~21759420~~22518841 B-4 0.00000000 1.~~21759058~~22518116 ~~995~~992.~~21724638~~76782609 0.~~99521725~~99276783 1.~~21759058~~22518116 B-5 0.00000000 1.~~21758454~~22519324 ~~995~~992.~~21724638~~76782609 0.~~99521725~~99276783 1.~~21758454~~22519324 B-6 0.00000000 1.~~21709661~~22469510 ~~995~~992.~~21772974~~76880994 0.~~99521773~~99276881 1.~~21709661~~22469510 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 25,193,000.00 5.50000% 25,193,000.00 115,467.92 0.00 0.00 1-A-2 58,775,200.00 34.~~81000~~18000% 5755,~~132~~311,~~644~~870.8049 ~~181~~192,~~396~~669.1568 0.00 0.00 1-A-3 20,090,000.00 109.~~14750~~13000% 1918,~~528~~906,~~556~~196.8446 ~~165~~143,~~138~~844.3664 0.00 0.00 1-A-4 1,282,800.00 109.~~14750~~13000% 1,~~246~~207,~~950~~210.3699 109,~~544~~184.5286 0.00 0.00 1-A-5 500,000.00 5.50000% ~~506~~511,~~906~~563.5685 2,~~323~~344.3267 0.00 0.00 1-A-6 814,000.00 5.50000% 0.00 0.00 0.00 0.00 1-A-7 15,114,000.00 5.35000% 15,114,000.00 67,383.25 0.00 0.00 1-A-8 48,000,000.00 5.00000% 4645,~~758~~666,~~398~~892.1791 ~~194~~190,~~826~~278.6672 0.00 0.00 1-A-9 18,000,000.00 5.00000% 18,000,000.00 75,000.00 0.00 0.00 1-A-10 33,352,000.00 5.25000% 33,352,000.00 145,915.00 0.00 0.00 1-A-11 0.00 5.50000% 7,~~403~~303,~~127~~899.1136 33,~~931~~476.0021 0.00 0.00 1-A-12 0.00 5.50000% 192,360.00 881.65 0.00 0.00 1-A-13 21,626,000.00 5.50000% 21,626,000.00 99,119.17 0.00 0.00 1-A-R 100.00 5.50000% 0.00 0.00 0.00 0.00 2-A-1 23,086,000.00 5.50000% 22,~~350~~238,~~339~~397.8549 ~~102~~101,~~439~~925.0699 0.00 0.00 A-PO 3,346,418.00 0.00000% 3,~~297~~267,~~292~~638.8677 0.00 0.00 0.00 A-IO 0.00 5.50000% 21,~~053~~963,~~575~~485.5523 98,~~412~~999.2231 0.00 0.00 B-1 3,588,000.00 5.50000% 3,~~575~~566,~~208~~446.2194 16,~~386~~346.3722 0.00 0.00 B-2 1,241,000.00 5.50000% 1,~~236~~233,~~575~~545.6433 5,~~667~~653.6475 0.00 0.00 B-3 690,000.00 5.50000% ~~687~~685,~~540~~855.0418 3,~~151~~143.2350 0.00 0.00 B-4 552,000.00 5.50000% ~~550~~548,~~032~~684.0314 2,~~520~~514.9880 0.00 0.00 B-5 414,000.00 5.50000% ~~412~~411,~~524~~513.0211 1,~~890~~886.7410 0.00 0.00 B-6 276,370.83 5.50000% ~~275~~274,~~385~~710.5281 1,~~262~~259.1809 0.00 0.00 Totals 275,940,888.83 1,~~234~~217,~~657~~294.4253 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 115,467.92 0.00 25,193,000.00 1-A-2 0.00 0.00 ~~181~~192,~~396~~669.1568 0.00 55,~~828~~196,~~047~~627.4950 1-A-3 0.00 0.00 ~~165~~143,~~138~~844.3664 0.00 1918,~~082~~866,~~631~~805.3516 1-A-4 0.00 0.00 109,~~544~~184.5286 0.00 1,~~218~~204,~~476~~695.8375 1-A-5 0.00 0.00 2,~~323~~344.3267 0.00 ~~509~~513,~~229~~908.8852 1-A-6 0.00 0.00 0.00 0.00 0.00 1-A-7 0.00 0.00 67,383.25 0.00 15,114,000.00 1-A-8 0.00 0.00 ~~194~~190,~~826~~278.6672 0.00 4645,~~238~~042,~~895~~622.4433 1-A-9 0.00 0.00 75,000.00 0.00 18,000,000.00 1-A-10 0.00 0.00 145,915.00 0.00 33,352,000.00 1-A-11 0.00 0.00 33,~~931~~476.0021 0.00 7,~~355~~247,~~899~~147.5948 1-A-12 0.00 0.00 881.65 0.00 192,360.00 1-A-13 0.00 0.00 99,119.17 0.00 21,626,000.00 1-A-R 0.00 0.00 0.00 0.00 0.00 2-A-1 0.00 0.00 ~~102~~101,~~439~~925.0699 0.00 2220,~~297~~924,~~175~~647.4333 A-PO 0.00 0.00 0.00 0.00 3,~~283~~240,~~615~~465.9049 A-IO 0.00 0.00 98,~~412~~999.2231 0.00 21,~~005~~932,~~401~~068.7768 B-1 0.00 0.00 16,~~386~~346.3722 0.00 3,~~570~~562,~~839~~050.4898 B-2 0.00 0.00 5,~~667~~653.6475 0.00 1,~~235~~232,~~064~~024.6088 B-3 0.00 0.00 3,~~151~~143.2350 0.00 ~~686~~685,~~699~~009.9080 B-4 0.00 0.00 2,~~520~~514.9880 0.00 ~~549~~548,~~359~~007.9284 B-5 0.00 0.00 1,~~890~~886.7410 0.00 ~~412~~411,~~019~~005.9488 B-6 0.00 0.00 1,~~262~~259.1809 0.00 ~~275~~274,~~049~~372.1534 Totals 0.00 0.00 1,~~234~~217,~~657~~294.4253 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A-1 25,193,000.00 5.50000% 1000.00000000 4.58333347 0.00000000 0.00000000 1-A-2 58,775,200.00 34.~~81000~~18000% ~~972~~941.~~05360084~~07498554 3.~~08627023~~27807783 0.00000000 0.00000000 1-A-3 20,090,000.00 109.~~14750~~13000% ~~972~~941.~~05360080~~07498556 87.~~21992832~~16001195 0.00000000 0.00000000 1-A-4 1,282,800.00 109.~~14750~~13000% ~~972~~941.~~05360150~~07498441 87.~~21992516~~16000935 0.00000000 0.00000000 1-A-5 500,000.00 5.50000% ~~1013~~1023.~~81312000~~12770000 4.~~64664000~~68934000 0.00000000 0.00000000 1-A-6 814,000.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 15,114,000.00 5.35000% 1000.00000000 4.45833333 0.00000000 0.00000000 1-A-8 48,000,000.00 5.00000% ~~974~~951.~~13329521~~39360229 43.~~05888875~~96414000 0.00000000 0.00000000 1-A-9 18,000,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 1-A-10 33,352,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 1-A-11 0.00 5.50000% ~~984~~971.~~98231905~~78011708 4.~~51450239~~45399282 0.00000000 0.00000000 1-A-12 0.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-A-13 21,626,000.00 5.50000% 1000.00000000 4.58333349 0.00000000 0.00000000 1-A-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 23,086,000.00 5.50000% ~~968~~963.~~13392749~~28499913 4.~~43728060~~41505631 0.00000000 0.00000000 A-PO 3,346,418.00 0.00000% ~~985~~976.~~32008255~~45864025 0.00000000 0.00000000 0.00000000 A-IO 0.00 5.50000% ~~982~~939.~~88053571~~76158545 4.~~50486851~~30724189 0.00000000 0.00000000 B-1 3,588,000.00 5.50000% ~~996~~993.~~43484114~~99301561 4.~~56699275~~55580268 0.00000000 0.00000000 B-2 1,241,000.00 5.50000% ~~996~~993.~~43484287~~99301370 4.~~56699436~~55580177 0.00000000 0.00000000 B-3 690,000.00 5.50000% ~~996~~993.~~43484058~~99301449 4.~~56700000~~55579710 0.00000000 0.00000000 B-4 552,000.00 5.50000% ~~996~~993.~~43483696~~99300725 4.~~56699275~~55579710 0.00000000 0.00000000 B-5 414,000.00 5.50000% ~~996~~993.~~43483092~~99301932 4.~~56700483~~55579710 0.00000000 0.00000000 B-6 276,370.83 5.50000% ~~996~~993.~~43482635~~99350503 4.~~56697981~~55579918 0.00000000 0.00000000 (5) All classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 4.58333347 0.00000000 1000.00000000 1-A-2 0.00000000 0.00000000 3.~~08627023~~27807783 0.00000000 ~~949~~939.~~85721001~~11424376 1-A-3 0.00000000 0.00000000 87.~~21992832~~16001195 0.00000000 ~~949~~939.~~85721005~~11424390 1-A-4 0.00000000 0.00000000 87.~~21992516~~16000935 0.00000000 ~~949~~939.~~85721079~~11424228 1-A-5 0.00000000 0.00000000 4.~~64664000~~68934000 0.00000000 ~~1018~~1027.~~45976000~~81704000 1-A-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-7 0.00000000 0.00000000 4.45833333 0.00000000 1000.00000000 1-A-8 0.00000000 0.00000000 43.~~05888875~~96414000 0.00000000 ~~963~~938.~~31032167~~38796521 1-A-9 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000 1-A-10 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 1-A-11 0.00000000 0.00000000 4.~~51450239~~45399282 0.00000000 ~~978~~964.~~69872139~~22930814 1-A-12 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1-A-13 0.00000000 0.00000000 4.58333349 0.00000000 1000.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 4.~~43728060~~41505631 0.00000000 ~~965~~906.~~83104176~~37820887 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~981~~968.~~23303783~~33853093 A-IO 0.00000000 0.00000000 4.~~50486851~~30724189 0.00000000 ~~959~~924.~~82364321~~72502374 B-1 0.00000000 0.00000000 4.~~56699275~~55580268 0.00000000 ~~995~~992.~~21724638~~76783166 B-2 0.00000000 0.00000000 4.~~56699436~~55580177 0.00000000 ~~995~~992.~~21724416~~76783239 B-3 0.00000000 0.00000000 4.~~56700000~~55579710 0.00000000 ~~995~~992.~~21724638~~76782609 B-4 0.00000000 0.00000000 4.~~56699275~~55579710 0.00000000 ~~995~~992.~~21724638~~76782609 B-5 0.00000000 0.00000000 4.~~56700483~~55579710 0.00000000 ~~995~~992.~~21724638~~76782609 B-6 0.00000000 0.00000000 4.~~56697981~~55579918 0.00000000 ~~995~~992.~~21772974~~76880994 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-A-PO 0.00000% 0.00 0.00 2,~~961~~933,~~459~~522.0900 2,~~948~~917,~~595~~133.2040 9896.~~04228334~~99616256% 2-A-PO 0.00000% 0.00 0.00 ~~335~~334,~~833~~116.77 ~~335~~323,~~020~~332.7010 9895.~~84220154~~39367744% 1-A-IO 5.50000% 1,~~830~~741,~~065~~023.8501 1,~~782~~739,~~410~~012.5177 0.00 0.00 9593.~~60775038~~27991385% 2-A-IO 5.50000% ~~223~~222,~~509~~462.6923 ~~222~~193,~~991~~055.2591 0.00 0.00 9985.~~08564357~~78394483%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,~~664~~403,~~829~~702.9499 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 0.00 Total Deposits 3,~~664~~403,~~829~~702.9499 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 58,~~922~~125.9480 Payment of Interest and Principal 3,~~605~~345,~~907~~577.0019 Total Withdrawals (Pool Distribution Amount) 3,~~664~~403,~~829~~702.9499 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5655,~~425~~649.7007 Assured Guaranty Fee 1,007.60 Trustee Fee - Wells Fargo Bank, N.A. 1,~~489~~469.6413 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 58,~~922~~125.9480

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 34 0 0 0 34 12,~~786~~614,~~250~~862.3092 0.00 0.00 0.00 12,~~786~~614,~~250~~862.3092 60 Days 01 0 0 0 01 0390,492.0048 0.00 0.00 0.00 0390,492.0048 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 35 0 0 0 35 13,~~786~~005,~~250~~355.3040 0.00 0.00 0.00 13,~~786~~005,~~250~~355.3040 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~588235~~795229% 0.000000% 0.000000% 0.000000% 0.~~588235~~795229% 0.~~664700~~985853% 0.000000% 0.000000% 0.000000% 0.~~664700~~985853% 60 Days 0.~~000000~~198807% 0.000000% 0.000000% 0.000000% 0.~~000000~~198807% 0.~~000000~~147223% 0.000000% 0.000000% 0.000000% 0.~~000000~~147223% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~588235~~994036% 0.000000% 0.000000% 0.000000% 0.~~588235~~994036% 01.~~664700~~133076% 0.000000% 0.000000% 0.000000% 01.~~664700~~133076%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 - 30 Year Fixed 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 2 0 0 0 2 1,~~346~~740,~~180~~899.1115 0.00 0.00 0.00 1,~~346~~740,~~180~~899.1115 60 Days 01 0 0 0 01 0390,492.0048 0.00 0.00 0.00 0390,492.0048 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 23 0 0 0 23 12,~~346~~131,~~180~~391.1163 0.00 0.00 0.00 12,~~346~~131,~~180~~391.1163 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~431034~~434783% 0.000000% 0.000000% 0.000000% 0.~~431034~~434783% 0.~~548413~~715344% 0.000000% 0.000000% 0.000000% 0.~~548413~~715344% 60 Days 0.~~000000~~217391% 0.000000% 0.000000% 0.000000% 0.~~000000~~217391% 0.~~000000~~160455% 0.000000% 0.000000% 0.000000% 0.~~000000~~160455% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~431034~~652174% 0.000000% 0.000000% 0.000000% 0.~~431034~~652174% 0.~~548413~~875799% 0.000000% 0.000000% 0.000000% 0.~~548413~~875799% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 - 15 Year Fixed 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 12 0 0 0 12 ~~440~~873,~~070~~963.1977 0.00 0.00 0.00 ~~440~~873,~~070~~963.1977 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 ~~440~~873,~~070~~963.1977 0.00 0.00 0.00 ~~440~~873,~~070~~963.1977 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 24.~~173913~~651163% 0.000000% 0.000000% 0.000000% 24.~~173913~~651163% 13.~~891785~~995561% 0.000000% 0.000000% 0.000000% 13.~~891785~~995561% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 24.~~173913~~651163% 0.000000% 0.000000% 0.000000% 24.~~173913~~651163% 13.~~891785~~995561% 0.000000% 0.000000% 0.000000% 13.~~891785~~995561%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1018,~~584~~266.6233

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 ~~Sep~~Nov-04 0.000% Original Principal Balance 0.00 ~~Oct~~Dec-04 0.000% Current Principal Balance 0.00 ~~Nov~~Jan-0405 0.000% ~~Dec~~Feb-0405 0.000% Current REO Total ~~Jan~~Mar-05 0.000% Loans in REO 0 ~~Feb~~Apr-05 0.000% Original Principal Balance 0.00 ~~Mar~~May-05 0.000% Current Principal Balance 0.00 ~~Apr~~Jun-05 0.000% ~~May~~Jul-05 0.000% ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-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 - 30 Year Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Sep~~Nov-04 0.000% Original Principal Balance 0.00 ~~Oct~~Dec-04 0.000% Current Principal Balance 0.00 ~~Nov~~Jan-0405 0.000% ~~Dec~~Feb-0405 0.000% Current REO Total ~~Jan~~Mar-05 0.000% Loans in REO 0 ~~Feb~~Apr-05 0.000% Original Principal Balance 0.00 ~~Mar~~May-05 0.000% Current Principal Balance 0.00 ~~Apr~~Jun-05 0.000% ~~May~~Jul-05 0.000% ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-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 - 15 Year Fixed 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Sep~~Nov-04 0.000% Original Principal Balance 0.00 ~~Oct~~Dec-04 0.000% Current Principal Balance 0.00 ~~Nov~~Jan-0405 0.000% ~~Dec~~Feb-0405 0.000% Current REO Total ~~Jan~~Mar-05 0.000% Loans in REO 0 ~~Feb~~Apr-05 0.000% Original Principal Balance 0.00 ~~Mar~~May-05 0.000% Current Principal Balance 0.00 ~~Apr~~Jun-05 0.000% ~~May~~Jul-05 0.000% ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-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 ~~Sep~~Nov-04 0.000% Original Principal Balance 0.00 ~~Oct~~Dec-04 0.000% Current Principal Balance 0.00 ~~Nov~~Jan-0405 0.000% ~~Dec~~Feb-0405 0.000% Current Foreclosure Total ~~Jan~~Mar-05 0.000% Loans in Foreclosure 0 ~~Feb~~Apr-05 0.000% Original Principal Balance 0.00 ~~Mar~~May-05 0.000% Current Principal Balance 0.00 ~~Apr~~Jun-05 0.000% ~~May~~Jul-05 0.000% ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-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 - 30 Year Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Nov-04 0.000% Original Principal Balance 0.00 ~~Oct~~Dec-04 0.000% Current Principal Balance 0.00 ~~Nov~~Jan-0405 0.000% ~~Dec~~Feb-0405 0.000% Current Foreclosure Total ~~Jan~~Mar-05 0.000% Loans in Foreclosure 0 ~~Feb~~Apr-05 0.000% Original Principal Balance 0.00 ~~Mar~~May-05 0.000% Current Principal Balance 0.00 ~~Apr~~Jun-05 0.000% ~~May~~Jul-05 0.000% ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-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 - 15 Year Fixed 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Nov-04 0.000% Original Principal Balance 0.00 ~~Oct~~Dec-04 0.000% Current Principal Balance 0.00 ~~Nov~~Jan-0405 0.000% ~~Dec~~Feb-0405 0.000% Current Foreclosure Total ~~Jan~~Mar-05 0.000% Loans in Foreclosure 0 ~~Feb~~Apr-05 0.000% Original Principal Balance 0.00 ~~Mar~~May-05 0.000% Current Principal Balance 0.00 ~~Apr~~Jun-05 0.000% ~~May~~Jul-05 0.000% ~~Jun~~Aug-05 0.000% ~~Jul~~Sep-05 0.000% ~~Aug~~Oct-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 5.~~731344~~729747% Weighted Average Pass-Through Rate 5.~~474744~~473147% Weighted Average Maturity(Stepdown Calculation) ~~294~~292 Beginning Scheduled Collateral Loan Count ~~513~~507 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count ~~510~~503 Beginning Scheduled Collateral Balance ~~270~~267,~~843~~115,~~356~~527.2972 Ending Scheduled Collateral Balance ~~268~~264,~~472~~987,~~106~~244.5692 Ending Actual Collateral Balance at 2930-~~Jul~~Sep-2005 ~~268~~265,~~730~~238,~~393~~715.7096 Monthly P&I Constant 1,~~624~~604,~~501~~943.9526 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 3,~~539~~252,~~441~~143.4739 Class AP Deferred Amount 0.00 Scheduled Principal ~~330~~329,~~921~~523.6804 Unscheduled Principal 21,~~040~~798,~~328~~759.0576

Miscellaneous Reporting Senior % 97.~~481830~~452792% Subordinate % 2.~~518170~~547208%

Group Level Collateral Statement Group 1 - 30 Year Fixed 2 - 15 Year Fixed Total Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed Weighted Average Coupon Rate 5.~~731465~~729715 5.~~730054~~730077 5.~~731344~~729747 Weighted Average Net Rate 5.~~481465~~479715 5.~~480054~~480077 5.~~481344~~479747 Weighted Average Maturity ~~354~~352 ~~233~~231 ~~294~~292 Beginning Loan Count ~~467~~461 46 ~~513~~507 Loans Paid In Full 31 0 3 4 Ending Loan Count ~~464~~460 4643 ~~510~~503 Beginning Scheduled Balance ~~247~~243,~~572~~960,~~200~~763.5260 23,~~271~~154,~~155~~764.7712 ~~270~~267,~~843~~115,~~356~~527.2972 Ending Scheduled Balance ~~245~~243,~~256~~158,~~291~~392.0784 2321,~~215~~828,~~815~~852.4908 ~~268~~264,~~472~~987,~~106~~244.5692 Record Date 0709/2930/2005 0709/2930/2005 0709/2930/2005 Principal And Interest Constant 1,~~459~~439,~~146~~588.7102 165,355.24 1,~~624~~604,~~501~~943.9526 Scheduled Principal ~~276~~274,~~687~~733.2629 54,~~234~~789.4275 ~~330~~329,~~921~~523.6804 Unscheduled Principal 2527,~~039,222~~637.1947 1,~~105~~271,122.8629 21,~~040~~798,~~328~~759.0576 Scheduled Interest 1,~~182~~164,~~459~~854.4573 ~~111~~110,~~120~~565.8249 1,~~293~~275,~~580~~420.2722 Servicing Fees 5150,~~577~~825.5416 4,~~848~~823.1691 5655,~~425~~649.7007 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,~~361~~341.6578 127.9935 1,~~489~~469.6413 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 1,~~129~~112,~~520~~687.2679 ~~106~~105,~~144~~614.6723 1,~~235~~218,~~664~~302.9302 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~474865~~473115 5.~~473454~~473477 5.~~474744~~473147

Miscellaneous Reporting Group 1 - 30 Year Fixed CPR 92.~~458636~~567562% Subordinate % 2.~~515132~~546810% Subordinate Prepayment % 0.000000% Senior Prepayment % 100.000000% Senior % 97.~~484868~~453190% Group 2 - 15 Year Fixed CPR 049.~~057143~~297100% Subordinate % 2.~~550570~~551414% Subordinate Prepayment % 0.000000% Senior Prepayment % 100.000000% Senior % 97.~~449430~~448586%

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 - 30 Year Fixed 31 2454,~~004,850~~024.00 1451,~~844,069~~077.9536 0 0.00 0.00 2 - 15 Year Fixed 03 01,295,090.00 01,271,971.0028 0 0.00 0.00 Total 34 21,~~004~~749,~~850~~114.00 1,~~844~~723,~~069~~048.9564 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 - 30 Year Fixed 0 0.00 0.00 0 0.00 0.00 ~~197~~77,~~963~~059.1830 2 - 15 Year Fixed 0 0.00 0.00 0 0.00 0.00 12,~~105~~124.8666 Total 0 0.00 0.00 0 0.00 0.00 ~~199~~79,~~069~~183.0496

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount 1 - 30 Year Fixed ~~6099165794~~3301337667 DCCA 7055.1470 01-~~Mar~~Apr-2005 ~~399~~454,~~850~~024.00 ~~397~~450,~~598~~578.2017 12 - 15 Year Fixed 3300934886 TX 30.80 01-Dec-2004 400,500.00 390,582.59 2 - 15 Year Fixed ~~6104275364~~3301548289 CAVA 5473.4449 01-Apr-2005 1422,~~225,000~~590.00 1415,~~218,543~~795.5312 12 - 3015 Year Fixed ~~6171049122~~6060557102 KYOH 5180.3500 01-~~Apr~~Feb-2005 ~~380~~472,000.00 ~~225~~462,~~117~~619.2892

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning 1 - 30 Year Fixed ~~6099165794~~3301337667 Loan Paid in Full 0 65.~~375~~625% 360 56 12 - 3015 Year Fixed ~~6104275364~~3300934886 Loan Paid in Full 0 5.~~750~~875% ~~360~~240 410 12 - 3015 Year Fixed ~~6171049122~~3301548289 Loan Paid in Full 0 5.625% ~~360~~240 46 2 - 15 Year Fixed 6060557102 Loan Paid in Full 0 6.000% 240 8

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 0.~~754~~674% Current Month 87.~~685~~797% Current Month ~~1,111~~661.~~611~~037% 3 Month Average 0.~~652~~604% 3 Month Average 76.~~508~~993% 3 Month Average ~~1,264~~743.~~879~~595% 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. ~~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 3.533% N/A May-2005 1,946.151% N/A Jun-2005 3.368% N/A Jun-2005 883.087% N/A Jul-2005 10.472% N/A Jul-2005 1,799.937% N/A Aug-2005 8.685% N/A Aug-2005 1,111.611% N/A Sep-2005 4.497% N/A Sep-2005 458.136% N/A Oct-2005 7.797% N/A Oct-2005 661.037% 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 - 30 Year Fixed SMM CPR PSA Current Month 0.~~825~~217% Current Month 92.~~459~~568% Current Month ~~1,270~~224.~~947~~365% 3 Month Average 0.~~637~~486% 3 Month Average 75.~~349~~636% 3 Month Average ~~1,323~~670.~~986~~734% 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. ~~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 3.860% N/A May-2005 2,661.391% N/A Jun-2005 3.678% N/A Jun-2005 1,066.413% N/A Jul-2005 8.909% N/A Jul-2005 1,634.598% N/A Aug-2005 9.459% N/A Aug-2005 1,270.947% N/A Sep-2005 4.882% N/A Sep-2005 516.889% N/A Oct-2005 2.568% N/A Oct-2005 224.365% 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 - 15 Year Fixed SMM CPR PSA Current Month 05.~~005~~503% Current Month 049.~~057~~297% Current Month 43,136.~~873~~499% 3 Month Average 01.~~808~~845% 3 Month Average 816.~~514~~564% 3 Month Average ~~875~~1,055.~~567~~355% 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. ~~Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A~~ Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 0.038% N/A May-2005 6.762% N/A Jun-2005 0.073% N/A Jun-2005 9.558% N/A Jul-2005 25.411% N/A Jul-2005 2,612.269% N/A Aug-2005 0.057% N/A Aug-2005 4.873% N/A Sep-2005 0.339% N/A Sep-2005 24.692% N/A Oct-2005 49.297% N/A Oct-2005 3,136.499% 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. ~~Sep~~Nov-2004 N/A N/A ~~Sep~~Nov-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Aug~~Oct-2005 0.000% N/A ~~Aug~~Oct-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. ~~Sep~~Nov-2004 N/A N/A ~~Sep~~Nov-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Aug~~Oct-2005 0.000% N/A ~~Aug~~Oct-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 - 30 Year Fixed 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. ~~Sep~~Nov-2004 N/A N/A ~~Sep~~Nov-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Aug~~Oct-2005 0.000% N/A ~~Aug~~Oct-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. ~~Sep~~Nov-2004 N/A N/A ~~Sep~~Nov-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Aug~~Oct-2005 0.000% N/A ~~Aug~~Oct-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 - 15 Year Fixed 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. ~~Sep~~Nov-2004 N/A N/A ~~Sep~~Nov-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Aug~~Oct-2005 0.000% N/A ~~Aug~~Oct-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. ~~Sep~~Nov-2004 N/A N/A ~~Sep~~Nov-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Oct~~Dec-2004 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Jan-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Feb-~~2004~~2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Jan~~Mar-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Feb~~Apr-2005 N/A N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Mar~~May-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~Apr~~Jun-2005 ~~N/A~~0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~May~~Jul-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jun~~Aug-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Jul~~Sep-2005 0.000% N/A ~~Aug~~Oct-2005 0.000% N/A ~~Aug~~Oct-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)

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