8-K 1 bay0500b_8k-200512.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): December 28, 2005 BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2005-B (Exact name of registrant as specified in its charter) New York (governing law of 333-104181-07 Pooling and Servicing Agreement) (Commission 54-2173108 (State or other File Number) 54-2173109 jurisdiction 54-2173110 of Incorporation) 54-2173111 54-2173112 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 December 28, 2005 a distribution was made to holders of BAYVIEW FINANCIAL SECURITIES COMPANY, LLC., Mortgage Pass-Through Certificates, Series 2005-B 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-B Trust, relating to the December 28, 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. BAYVIEW FINANCIAL SECURITIES COMPANY, LLC. Mortgage Pass-Through Certificates, Series 2005-B Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-B Trust, relating to the December 28, 2005 distribution. EX-99.1 Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/28/2005 Bayview Financial Acquisition Trust Mortgage Pass-Through Certificates Series 2005-B 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 Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance R 07325NBH4 0.00000% 0.00 0.00 F 07325NBE1 0.30875% 0.00 8,250.17 AIO 07325NAX0 2.33856% 0.00 318,006.45 1-A1 07325NAN2 4.44300% 32,571,444.52 120,595.77 1-A2 07325NAP7 4.69600% 22,500,000.00 88,050.00 1-A3 07325NAQ5 4.89400% 21,459,000.00 87,516.96 1-A4 07325NAR3 5.27200% 6,627,000.00 29,114.62 1-A5 07325NAS1 5.65600% 13,642,000.00 64,299.29 1-A6 07325NAT9 5.20800% 13,642,000.00 59,206.28 2-A1 07325NAU6 4.33125% 51,569,304.01 186,132.96 2-A2 07325NAV4 4.41125% 49,169,000.00 180,747.29 2-A3 07325NAW2 4.53125% 51,361,000.00 193,941.28 M-1 07325NAY8 4.64125% 18,327,000.00 70,883.49 M-2 07325NAZ5 4.72125% 5,498,000.00 21,631.19 M-3 07325NBA9 4.87125% 9,978,000.00 40,504.44 M-4 07325NBB7 4.94125% 4,887,000.00 20,123.24 B-1 07325NBC5 5.59125% 8,145,000.00 37,950.61 B-2 07325NBD3 6.94125% 10,792,000.00 62,424.97 P 07325NBG6 0.00000% 100.00 49,374.93 X 07325NBF8 0.00000% 0.00 0.00 Totals 320,167,848.53 1,638,753.94

~~UNITED~~Certificateholder ~~STATES~~Distribution Summary (continued) Class Principal Current Ending Total Cummulative Distribution Realized Certificate Distribution Realized Loss Balance Losses R 0.00 0.00 0.00 0.00 0.00 F 0.00 0.00 0.00 8,250.17 0.00 AIO 0.00 0.00 0.00 318,006.45 0.00 1-A1 2,371,572.03 0.00 30,199,872.48 2,492,167.80 0.00 1-A2 0.00 0.00 22,500,000.00 88,050.00 0.00 1-A3 0.00 0.00 21,459,000.00 87,516.96 0.00 1-A4 0.00 0.00 6,627,000.00 29,114.62 0.00 1-A5 0.00 0.00 13,642,000.00 64,299.29 0.00 1-A6 0.00 0.00 13,642,000.00 59,206.28 0.00 2-A1 6,480,567.76 0.00 45,088,736.25 6,666,700.72 0.00 2-A2 0.00 0.00 49,169,000.00 180,747.29 0.00 2-A3 0.00 0.00 51,361,000.00 193,941.28 0.00 M-1 0.00 0.00 18,327,000.00 70,883.49 0.00 M-2 0.00 0.00 5,498,000.00 21,631.19 0.00 M-3 0.00 0.00 9,978,000.00 40,504.44 0.00 M-4 0.00 0.00 4,887,000.00 20,123.24 0.00 B-1 0.00 0.00 8,145,000.00 37,950.61 0.00 B-2 0.00 0.00 10,792,000.00 62,424.97 0.00 P 0.00 0.00 100.00 49,374.93 0.00 X 0.00 0.00 0.00 0.00 0.00 Totals 8,852,139.79 0.00 311,315,708.73 10,490,893.73 0.00 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.

~~SECURITIES~~Principal ~~AND~~Distribution ~~EXCHANGE~~Statement ~~COMMISSION~~Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution R 0.00 0.00 0.00 0.00 0.00 0.00 F 0.00 0.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 1-A1 58,470,000.00 32,571,444.52 0.00 2,371,572.03 0.00 0.00 1-A2 22,500,000.00 22,500,000.00 0.00 0.00 0.00 0.00 1-A3 21,459,000.00 21,459,000.00 0.00 0.00 0.00 0.00 1-A4 6,627,000.00 6,627,000.00 0.00 0.00 0.00 0.00 1-A5 13,642,000.00 13,642,000.00 0.00 0.00 0.00 0.00 1-A6 13,642,000.00 13,642,000.00 0.00 0.00 0.00 0.00 2-A1 108,286,000.00 51,569,304.01 0.00 6,480,567.76 0.00 0.00 2-A2 49,169,000.00 49,169,000.00 0.00 0.00 0.00 0.00 2-A3 51,361,000.00 51,361,000.00 0.00 0.00 0.00 0.00 M-1 18,327,000.00 18,327,000.00 0.00 0.00 0.00 0.00 M-2 5,498,000.00 5,498,000.00 0.00 0.00 0.00 0.00 M-3 9,978,000.00 9,978,000.00 0.00 0.00 0.00 0.00 M-4 4,887,000.00 4,887,000.00 0.00 0.00 0.00 0.00 B-1 8,145,000.00 8,145,000.00 0.00 0.00 0.00 0.00 B-2 10,792,000.00 10,792,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 402,783,100.00 320,167,848.53 0.00 8,852,139.79 0.00 0.00

~~Washington~~Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution R 0.00 0.00 0.000000 0.00 F 0.00 0.00 0.000000 0.00 AIO 0.00 0.00 0.000000 0.00 1-A1 2,371,572.03 D30,199,872.C48 0. ~~20549~~516502 2,371,572.03 1-A2 0.00 22,500,000.00 1.000000 0.00 1-A3 0.00 21,459,000.00 1.000000 0.00 1-A4 0.00 6,627,000.00 1.000000 0.00 1-A5 0.00 13,642,000.00 1.000000 0.00 1-A6 0.00 13,642,000.00 1.000000 0.00 2-A1 6,480,567.76 45,088,736.25 0.416386 6,480,567.76 2-A2 0.00 49,169,000.00 1.000000 0.00 2-A3 0.00 51,361,000.00 1.000000 0.00 M-1 0.00 18,327,000.00 1.000000 0.00 M-2 0.00 5,498,000.00 1.000000 0.00 M-3 0.00 9,978,000.00 1.000000 0.00 M-4 0.00 4,887,000.00 1.000000 0.00 B-1 0.00 8,145,000.00 1.000000 0.00 B-2 0.00 10,792,000.00 1.000000 0.00 P 0.00 100.00 1.000000 0.00 X 0.00 0.00 0.000000 0.00 Totals 8,852,139.79 311,315,708.73 0.772912 8,852,139.79

~~FORM~~Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution R 0.00 0.000000 0.000000 0.000000 0.000000 F 0.00 0.000000 0.000000 0.000000 0.000000 AIO 0.00 0.000000 0.000000 0.000000 0.000000 1-A1 58,470,000.00 557.062502 0.000000 40.560493 0.000000 1-A2 22,500,000.00 1000.000000 0.000000 0.000000 0.000000 1-A3 21,459,000.00 1000.000000 0.000000 0.000000 0.000000 1-A4 6,627,000.00 1000.000000 0.000000 0.000000 0.000000 1-A5 13,642,000.00 1000.000000 0.000000 0.000000 0.000000 1-A6 13,642,000.00 1000.000000 0.000000 0.000000 0.000000 2-A1 108,286,000.00 476.232422 0.000000 59.846774 0.000000 2-A2 49,169,000.00 1000.000000 0.000000 0.000000 0.000000 2-A3 51,361,000.00 1000.000000 0.000000 0.000000 0.000000 M-1 18,327,000.00 1000.000000 0.000000 0.000000 0.000000 M-2 5,498,000.00 1000.000000 0.000000 0.000000 0.000000 M-3 9,978,000.00 1000.000000 0.000000 0.000000 0.000000 M-4 4,887,000.00 1000.000000 0.000000 0.000000 0.000000 B-1 8,145,000.00 1000.000000 0.000000 0.000000 0.000000 B-K2 10,792,000.00 1000.000000 0.000000 0.000000 0.000000 P 100.00 1000.000000 0.000000 0.000000 0.000000 X 0.00 0.000000 0.000000 0.000000 0.000000

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution R 0.000000 0.000000 0.000000 0.000000 0.000000 F 0.000000 0.000000 0.000000 0.000000 0.000000 AIO 0.000000 0.000000 0.000000 0.000000 0.000000 1-A1 0.000000 40.560493 516.502009 0.516502 40.560493 1-A2 0.000000 0.000000 1,000.000000 1.000000 0.000000 1-A3 0.000000 0.000000 1,000.000000 1.000000 0.000000 1-A4 0.000000 0.000000 1,000.000000 1.000000 0.000000 1-A5 0.000000 0.000000 1,000.000000 1.000000 0.000000 1-A6 0.000000 0.000000 1,000.000000 1.000000 0.000000 2-A1 0.000000 59.846774 416.385648 0.416386 59.846774 2-A2 0.000000 0.000000 1,000.000000 1.000000 0.000000 2-A3 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-1 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-2 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-3 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-4 0.000000 0.000000 1,000.000000 1.000000 0.000000 B-1 0.000000 0.000000 1,000.000000 1.000000 0.000000 B-2 0.000000 0.000000 1,000.000000 1.000000 0.000000 P 0.000000 0.000000 1,000.000000 1.000000 0.000000 X 0.000000 0.000000 0.000000 0.000000 0.000000 All Classes are per $1,000 denomination.

~~PURSUANT~~Interest TODistribution ~~SECTION~~Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Interest Rate Notional Balance Interest Shortfall R N/A N/A 0.00000% 0.00 0.00 0.00 F 11/28/05 - 12/27/05 30 0.30875% 32,065,442.39 8,250.17 0.00 AIO 11/28/05 - 12/27/05 30 2.33856% 163,181,012.61 318,006.45 0.00 1-A1 11/01/05 - 11/30/05 30 4.44300% 32,571,444.52 120,595.77 0.00 1-A2 11/01/05 - 11/30/05 30 4.69600% 22,500,000.00 88,050.00 0.00 1-A3 11/01/05 - 11/30/05 30 4.89400% 21,459,000.00 87,516.96 0.00 1-A4 11/01/05 - 11/30/05 30 5.27200% 6,627,000.00 29,114.62 0.00 1-A5 11/01/05 - 11/30/05 30 5.65600% 13,642,000.00 OR64,299.29 ~~15(d)~~0.00 OF1-A6 ~~THE~~11/01/05 - 11/30/05 30 5.20800% 13,642,000.00 59,206.28 0.00 2-A1 11/28/05 - 12/27/05 30 4.33125% 51,569,304.01 186,132.96 0.00 2-A2 11/28/05 - 12/27/05 30 4.41125% 49,169,000.00 180,747.29 0.00 2-A3 11/28/05 - 12/27/05 30 4.53125% 51,361,000.00 193,941.28 0.00 M-1 11/28/05 - 12/27/05 30 4.64125% 18,327,000.00 70,883.49 0.00 M-2 11/28/05 - 12/27/05 30 4.72125% 5,498,000.00 21,631.19 0.00 M-3 11/28/05 - 12/27/05 30 4.87125% 9,978,000.00 40,504.44 0.00 M-4 11/28/05 - 12/27/05 30 4.94125% 4,887,000.00 20,123.24 0.00 B-1 11/28/05 - 12/27/05 30 5.59125% 8,145,000.00 37,950.61 0.00 B-2 11/28/05 - 12/27/05 30 6.94125% 10,792,000.00 62,424.97 0.00 P N/A N/A 0.00000% 100.00 0.00 0.00 X N/A N/A 0.00000% 0.00 0.00 0.00 Totals 1,589,379.01 0.00

~~SECURITIES~~Interest ~~EXCHANGE~~Distribution ~~ACT~~Statement OF(continued) ~~1934~~Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/Notional Shortfall(1) Shortfall Distribution Shortfall(2) Balance R 0.00 0.00 0.00 0.00 0.00 F 0.00 0.00 8,250.17 0.00 31,529,526.39 AIO 0.00 0.00 318,006.45 0.00 154,922,222.86 1-A1 0.00 0.00 120,595.77 0.00 30,199,872.48 1-A2 0.00 0.00 88,050.00 0.00 22,500,000.00 1-A3 0.00 0.00 87,516.96 0.00 21,459,000.00 1-A4 0.00 0.00 29,114.62 0.00 6,627,000.00 1-A5 0.00 0.00 64,299.29 0.00 13,642,000.00 1-A6 0.00 0.00 59,206.28 0.00 13,642,000.00 2-A1 0.00 0.00 186,132.96 0.00 45,088,736.25 2-A2 0.00 0.00 180,747.29 0.00 49,169,000.00 2-A3 0.00 0.00 193,941.28 0.00 51,361,000.00 M-1 0.00 0.00 70,883.49 0.00 18,327,000.00 M-2 0.00 0.00 21,631.19 0.00 5,498,000.00 M-3 0.00 0.00 40,504.44 0.00 9,978,000.00 M-4 0.00 0.00 20,123.24 0.00 4,887,000.00 B-1 0.00 0.00 37,950.61 0.00 8,145,000.00 B-2 0.00 0.00 62,424.97 0.00 10,792,000.00 P 0.00 0.00 49,374.93 0.00 100.00 X 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,638,753.94 0.00 (1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable

~~Date~~Interest ofDistribution ~~Report~~Factors ~~(Date~~Statement Class Accrual Original Current Beginning Current Payment of ~~earliest~~Dates ~~event~~Face ~~reported)~~Certificate Certificate/Notional Accrued Unpaid Interest Amount Rate Balance Interest Shortfall R N/A 0.00 0.00000% 0.000000 0.000000 0.000000 F 11/28/05 - 12/27/05 0.00 0.30875% 858.086312 0.220778 0.000000 AIO 11/28/05 - 12/27/05 0.00 2.33856% 660.395365 1.286976 0.000000 1-A1 11/01/05 - 11/30/05 58,470,000.00 4.44300% 557.062502 2.062524 0.000000 1-A2 11/01/05 - 11/30/05 22,500,000.00 4.69600% 1000.000000 3.913333 0.000000 1-A3 11/01/05 - 11/30/05 21,459,000.00 4.89400% 1000.000000 4.078334 0.000000 1-A4 11/01/05 - 11/30/05 6,627,000.00 5.27200% 1000.000000 4.393333 0.000000 1-A5 11/01/05 - 11/30/05 13,642,000.00 5.65600% 1000.000000 4.713333 0.000000 1-A6 11/01/05 - 11/30/05 13,642,000.00 5.20800% 1000.000000 4.340000 0.000000 2-A1 11/28/05 - 12/27/05 108,286,000.00 4.33125% 476.232422 1.718901 0.000000 2-A2 11/28/05 - 12/27/05 49,169,000.00 4.41125% 1000.000000 3.676042 0.000000 2-A3 11/28/05 - 12/27/05 51,361,000.00 4.53125% 1000.000000 3.776042 0.000000 M-1 11/28/05 - 12/27/05 18,327,000.00 4.64125% 1000.000000 3.867708 0.000000 M-2 11/28/05 - 12/27/05 5,498,000.00 4.72125% 1000.000000 3.934374 0.000000 M-3 11/28/05 - 12/27/05 9,978,000.00 4.87125% 1000.000000 4.059375 0.000000 M-4 11/28/05 - 12/27/05 4,887,000.00 4.94125% 1000.000000 4.117708 0.000000 B-1 11/28/05 - 12/27/05 8,145,000.00 5.59125% 1000.000000 4.659375 0.000000 B-2 11/28/05 - 12/27/05 10,792,000.00 6.94125% 1000.000000 5.784375 0.000000 P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000 X N/A 0.00 0.00000% 0.000000 0.000000 0.000000

~~April~~Interest 8Distribution Factors Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(2) Notional Balance R 0.000000 0.000000 0.000000 0.000000 0.000000 F 0.000000 0.000000 0.220778 0.000000 843.744948 AIO 0.000000 0.000000 1.286976 0.000000 626.971951 1-A1 0.000000 0.000000 2.062524 0.000000 516.502009 1-A2 0.000000 0.000000 3.913333 0.000000 1000.000000 1-A3 0.000000 0.000000 4.078334 0.000000 1000.000000 1-A4 0.000000 0.000000 4.393333 0.000000 1000.000000 1-A5 0.000000 0.000000 4.713333 0.000000 1000.000000 1-A6 0.000000 0.000000 4.340000 0.000000 1000.000000 2-A1 0.000000 0.000000 1.718901 0.000000 416.385648 2-A2 0.000000 0.000000 3.676042 0.000000 1000.000000 2-A3 0.000000 0.000000 3.776042 0.000000 1000.000000 M-1 0.000000 0.000000 3.867708 0.000000 1000.000000 M-2 0.000000 0.000000 3.934374 0.000000 1000.000000 M-3 0.000000 0.000000 4.059375 0.000000 1000.000000 M-4 0.000000 0.000000 4.117708 0.000000 1000.000000 B-1 0.000000 0.000000 4.659375 0.000000 1000.000000 B-2 0.000000 0.000000 5.784375 0.000000 1000.000000 P 0.000000 0.000000 493749.300000 0.000000 1000.000000 X 0.000000 0.000000 0.000000 0.000000 0.000000 (1,2) ~~2005~~Amount also includes coupon cap or basis risk shortfalls,if applicable. Per $1 denomination.

~~Bayview~~Certificateholder ~~Financial~~Component ~~Securities~~Statement ~~Company,~~Component ~~LLC~~ Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 10,343,200.61 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 641,898.01 Realized Loss (~~Exact~~Gains, ~~Name~~Subsequent Expenses & Recoveries) (70,614.90) Prepayment Penalties 49,374.93 Swap/Cap Payments 0.00 Total Deposits 10,963,858.65 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 321,799.38 Total Administration Fees 151,165.54 Payment of ~~Registrant~~Interest asand ~~Specified~~Principal in10,490,893.73 ~~its~~Total ~~Charter~~Withdrawals (Pool Distribution Amount) 10,963,858.65 Ending Balance 0.00

Delaware	333-122059	56-2336517
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

4425 Ponce de Leon Boulevard, 4th Floor Coral Gables, Florida		33146
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s~~Reserve ~~telephone~~Accounts ~~number,~~Account ~~including~~Name ~~area~~Beginning ~~code:~~ Current Withdrawals Current Deposits Ending Balance Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 100.00 0.00 0.00 100.00 OTHER ACCOUNTS Account Name Funds In (~~305~~A) ~~341~~Funds Out(B) Net Amount(A -~~5632~~ B) Financial Guaranty 0.00 0.00 0.00

~~None~~ COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.861115% Weighted Average Net Coupon 7.335830% Weighted Average Pass-Through Rate 7.313330% Weighted Average Remaining Term 250 Beginning Scheduled Collateral Loan Count 4,908 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count 4,819 Beginning Scheduled Collateral Balance 328,161,038.12 Ending Scheduled Collateral Balance 319,579,233.47 Ending Actual Collateral Balance at 30-Nov-2005 320,498,737.66 Monthly P&I Constant 3,074,998.40 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 49,374.93 Prepayment Penalty Paid Count Not Available Realized Loss Amount 70,614.90 Cumulative Realized Loss 666,466.03 Scheduled Principal 925,238.72 Unscheduled Principal 7,656,565.93

~~(Former~~Other ~~Name~~Income ~~or Former Address~~-68, ~~if Changed Since Last Report)~~265.16

~~Check~~Group ~~the~~Level ~~appropriate~~Collateral ~~box~~Statement ~~below~~Group ifGroup ~~the~~1 ~~Form~~Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 8-K.848048 ~~filing~~7.590490 is5.938362 ~~intended~~Weighted toAverage ~~simultaneously~~Net ~~satisfy~~Rate ~~the~~8.318209 ~~filing~~7.075495 ~~obligation~~5.449746 ofWeighted ~~the~~Average ~~registrant~~Remaining ~~under~~Term ~~any~~243 259 329 Beginning Loan Count 2,167 1,632 91 Loans Paid In Full 33 46 1 Ending Loan Count 2,134 1,586 90 Beginning Scheduled Balance 135,855,995.94 160,239,599.79 17,826,369.35 Ending Scheduled Balance 133,504,913.29 154,544,793.79 17,605,125.20 Record Date 11/30/2005 11/30/2005 11/30/2005 Principal And Interest Constant 1,383,728.83 1,378,218.01 107,549.57 Scheduled Principal 382,011.90 364,637.15 19,333.37 Unscheduled Principal 1,969,070.75 5,330,168.85 201,910.78 Scheduled Interest 1,001,716.93 1,013,580.86 88,216.20 Servicing Fee 59,984.84 68,768.79 7,258.54 Master Servicing Fee 1,698.20 2,002.99 222.83 Trustee Fee 566.07 667.66 74.28 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 283.03 333.83 37.14 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 941,731.93 944,812.22 80,957.65 Realized Loss Amount 70,854.36 (252.96) 0.00 Cumulative Realized Loss 219,660.81 446,237.96 0.00 Percentage of ~~the~~Cumulative ~~following~~Losses ~~provisions:~~0.1366 0.2126 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 0.00 Prepayment Penalty Waived Count 0 0 0 Prepayment Penalty Paid Amount Not Available Not Available Not Available Prepayment Penalty Paid Count Not Available Not Available Not Available Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.295709 7.052995 5.427247

~~[ ]~~Group ~~Written~~Level ~~communications~~Collateral ~~pursuant~~Statement toGroup ~~Rule~~Group ~~425~~4 ~~under~~Total ~~the~~Collateral ~~Securities~~Description ~~Act~~Fixed ~~(17~~15/30 ~~CFR~~& ~~230~~ARM Mixed Fixed & Arm Weighted Average Coupon Rate 3.~~425)~~897362 7.861115 Weighted Average Net Rate 3.253824 7.335830 Weighted Average Remaining Term 125 250 Beginning Loan Count 1,018 4,908 Loans Paid In Full 9 89 Ending Loan Count 1,009 4,819 Beginning Scheduled Balance 14,239,073.04 328,161,038.12 Ending scheduled Balance 13,924,401.19 319,579,233.47 Record Date 11/30/2005 11/30/2005 Principal And Interest Constant 205,501.99 3,074,998.40 Scheduled Principal 159,256.30 925,238.72 Unscheduled Principal 155,415.55 7,656,565.93 Scheduled Interest 46,245.69 2,149,759.68 Servicing Fee 7,636.16 143,648.33 Master Servicing Fee 177.99 4,102.01 Trustee Fee 59.33 1,367.34 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 29.66 683.66 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 38,616.53 2,006,118.33 Realized Loss Amount 13.50 70,614.90 Cumulative Realized Loss 567.26 666,466.03 Percentage of Cumulative Losses 0.0034 0.1633 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount Not Available 49374.93 Prepayment Penalty Paid Count Not Available Not Available Special Servicing Fee 0.00 0.00 Pass-Through Rate 3.231323 7.313330

~~[ ]~~Additional ~~Soliciting~~Reporting ~~material~~- ~~pursuant~~Deal toLevel ~~Rule~~Miscellaneous ~~14a-12~~Reporting ~~under~~Base ~~the~~Overcollateralization ~~Exchange~~Amount ~~Act~~2,040,655.24 ~~(17~~Excess ~~CFR~~Cash ~~240~~Amount 340,950.~~14a-12)~~04 Extra Principal Distribution Amount 340,950.04 Overcollateralized Amount 8,263,524.74 Overcollaterized Deficiency Amount 1,260,273.89 Specified Overcollateralization Amount 9,182,948.59

~~[ ]~~LOAN ~~Pre-commencement~~STATUS ~~communications~~STRATIFICATION/CREDIT ~~pursuant~~ENHANCEMENT toSTATEMENT ~~Rule~~DELINQUENT ~~14d~~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 35 1 4 40 1,802,639.90 0.00 0.00 1,802,639.90 30 Days 194 5 0 0 199 14,407,497.70 174,855.46 0.00 0.00 14,582,353.16 60 Days 84 2~~(b)~~ ~~under~~0 ~~the~~0 ~~Exchange~~86 ~~Act~~7,366,344.68 (87,576.87 0.00 0.00 7,453,921.55 90 Days 22 5 20 0 47 1,531,710.23 377,976.33 1,394,669.12 0.00 3,304,355.68 120 Days 14 4 10 3 31 859,838.26 1,727,585.30 732,404.45 211,979.83 3,531,807.84 150 Days 14 1 9 4 28 1,592,686.64 243,993.04 743,254.92 241,269.53 2,821,204.13 180+ Days 17 ~~CFR~~3 ~~240~~16 17 53 1,177,662.~~14d~~83 238,583.57 991,893.83 969,308.25 3,377,448.48 Totals 345 55 56 28 484 26,935,740.34 4,653,210.47 3,862,222.32 1,422,557.61 36,873,730.74 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 0.726292% 0.020751% 0.083005% 0.830048% 0.562448% 0.000000% 0.000000% 0.562448% 30 Days 4.025731% 0.103756% 0.000000% 0.000000% 4.129487% 4.495337% 0.054557% 0.000000% 0.000000% 4.549894% 60 Days 1.743100% 0.041502% 0.000000% 0.000000% 1.784603% 2~~(b))~~.298401% 0.027325% 0.000000% 0.000000% 2.325726% 90 Days 0.456526% 0.103756% 0.415024% 0.000000% 0.975306% 0.477915% 0.117934% 0.435156% 0.000000% 1.031004% 120 Days 0.290517% 0.083005% 0.207512% 0.062254% 0.643287% 0.268281% 0.539030% 0.228520% 0.066141% 1.101972% 150 Days 0.290517% 0.020751% 0.186761% 0.083005% 0.581033% 0.496940% 0.076129% 0.231906% 0.075279% 0.880254% 180+ Days 0.352770% 0.062254% 0.332019% 0.352770% 1.099813% 0.367447% 0.074441% 0.309484% 0.302437% 1.053810% Totals 7.159162% 1.141316% 1.162067% 0.581033% 10.043578% 8.404320% 1.451865% 1.205066% 0.443857% 11.505110%

~~[ ]~~OTHER ~~Pre-commencement~~INFORMATION ~~communications~~Current ~~pursuant~~Period toClass ~~Rule~~A ~~13e-4(c)~~Insufficient ~~under~~Funds ~~the~~0.00 ~~Exchange~~Principal ~~Act~~Balance ~~(17~~of ~~CFR~~Contaminated ~~240~~Properties 0.~~13e-4(c))~~00 Periodic Advance 641,898.01

~~Item~~Delinquency Status By Group DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 20 1 3 24 1,038,587.86 0.00 0.00 1,038,587.86 30 Days 129 3 0 0 132 7,425,981.53 126,705.40 0.00 0.00 7,552,686.93 60 Days 51 1 0 0 52 3,626,998.56 63,306.09 0.00 0.00 3,690,304.65 90 Days 15 5 18 0 38 647,036.33 377,976.33 1,192,241.13 0.00 2,217,253.79 120 Days 6 2 8 3 19 274,274.99 99,279.80 707,648.89 211,979.83 1,293,183.51 150 Days 4 1 5 4 14 118,282.86 243,993.04 284,093.51 241,269.53 887,638.94 180+ Days 4 1 11 15 31 182,645.65 68,964.09 391,990.16 802,111.45 1,445,711.35 Totals 209 33 43 25 310 12,275,219.92 2,018,812.61 2,575,973.69 1,255,360.81 18,125,367.03 0-29 Days 0.937207% 0.046860% 0.140581% 1.124649% 0.775684% 0.000000% 0.000000% 0.775684% 30 Days 6.044986% 0.140581% 0.000000% 0.000000% 6.185567% 5.546201% 0.094632% 0.000000% 0.000000% 5.640832% 60 Days 2.389878% 0.046860% 0.000000% 0.000000% 2.436739% 2.708876% 0.047281% 0.000000% 0.000000% 2.756157% 90 Days 0.702905% 0.234302% 0.843486% 0.000000% 1.780694% 0.483248% 0.282297% 0.890442% 0.000000% 1.655988% 120 Days 0.281162% 0.093721% 0.374883% 0.140581% 0.890347% 0.204846% 0.074149% 0.528518% 0.158320% 0.965833% 150 Days 0.187441% 0.046860% 0.234302% 0.187441% 0.656045% 0.088341% 0.182230% 0.212179% 0.180196% 0.662946% 180+ Days 0.187441% 0.046860% 0.515464% 0.702905% 1.452671% 0.136412% 0.051507% 0.292763% 0.599068% 1.079750% Totals 9.793814% 1.546392% 2.014995% 1.171509% 14.526710% 9.167924% 1.507779% 1.923903% 0.937584% 13.537190% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 7 0 1 8 681,615.13 0.00 0.00 681,615.13 30 Days 51 0 0 0 51 6,671,492.04 0.00 0.00 0.00 6,671,492.04 60 Days 30 1 0 0 31 3,719,314.10 24,270.78 0.00 0.00 3,743,584.88 90 Days 7 0 2 0 9 884,673.90 0.00 202,427.99 0.00 1,087,101.89 120 Days 5 1 1 0 7 499,476.01 1,625,000. ~~Other~~00 ~~Events~~19,993.(48 0.00 2,144,469.49 150 Days 9 0 3 0 12 1),356,200.73 0.00 456,555.61 0.00 1,812,756.34 180+ Days 13 2 4 2 21 995,017.18 169,619.48 591,609.96 167,196.80 1,923,443.42 Totals 115 11 10 3 139 14,126,173.96 2,500,505.39 1,270,587.04 167,196.80 18,064,463.19 0-29 Days 0.441362% 0.000000% 0.063052% 0.504414% 0.439966% 0.000000% 0.000000% 0.439966% 30 Days 3.215637% 0.000000% 0.000000% 0.000000% 3.215637% 4.306289% 0.000000% 0.000000% 0.000000% 4.306289% 60 Days 1.891551% 0.063052% 0.000000% 0.000000% 1.954603% 2.400729% 0.015666% 0.000000% 0.000000% 2.416395% 90 Days 0.441362% 0.000000% 0.126103% 0.000000% 0.567465% 0.571036% 0.000000% 0.130662% 0.000000% 0.701698% 120 Days 0.315259% 0.063052% 0.063052% 0.000000% 0.441362% 0.322400% 1.048899% 0.012905% 0.000000% 1.384204% 150 Days 0.567465% 0.000000% 0.189155% 0.000000% 0.756620% 0.875395% 0.000000% 0.294696% 0.000000% 1.170091% 180+ Days 0.819672% 0.126103% 0.252207% 0.126103% 1.324086% 0.642260% 0.109485% 0.381870% 0.107922% 1.241537% Totals 7.250946% 0.693569% 0.630517% 0.189155% 8.764187% 9.118109% 1.614017% 0.820134% 0.107922% 11.660180% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 131,736.65 0.00 0.00 0.00 131,736.65 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 1 0 0 0 1 69,629.47 0.00 0.00 0.00 69,629.47 150 Days 1 0 0 0 1 118,203.05 0.00 0.00 0.00 118,203.05 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 319,569.17 0.00 0.00 0.00 319,569.17 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.111111% 0.000000% 0.000000% 0.000000% 1.111111% 0.747598% 0.000000% 0.000000% 0.000000% 0.747598% 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 1.111111% 0.000000% 0.000000% 0.000000% 1.111111% 0.395143% 0.000000% 0.000000% 0.000000% 0.395143% 150 Days 1.111111% 0.000000% 0.000000% 0.000000% 1.111111% 0.670795% 0.000000% 0.000000% 0.000000% 0.670795% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.333333% 0.000000% 0.000000% 0.000000% 3.333333% 1.813536% 0.000000% 0.000000% 0.000000% 1.813536% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 8 0 0 8 82,436.91 0.00 0.00 82,436.91 30 Days 13 2 0 0 15 178,287.48 48,150.06 0.00 0.00 226,437.54 60 Days 3 0 0 0 3 20,032.02 0.00 0.00 0.00 20,032.02 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 2 1 1 0 4 16,457.79 3,305.50 4,762.08 0.00 24,525.37 150 Days 0 0 1 0 1 0.00 0.00 2,605.80 0.00 2,605.80 180+ Days 0 0 1 0 1 0.00 0.00 8,293.71 0.00 8,293.71 Totals 18 11 3 0 32 214,777.29 133,892.47 15,661.59 0.00 364,331.35 0-29 Days 0.792864% 0.000000% 0.000000% 0.792864% 0.586327% 0.000000% 0.000000% 0.586327% 30 Days 1.288404% 0.198216% 0.000000% 0.000000% 1.486620% 1.268058% 0.342464% 0.000000% 0.000000% 1.610522% 60 Days 0.297324% 0.000000% 0.000000% 0.000000% 0.297324% 0.142476% 0.000000% 0.000000% 0.000000% 0.142476% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.198216% 0.099108% 0.099108% 0.000000% 0.396432% 0.117055% 0.023510% 0.033870% 0.000000% 0.174435% 150 Days 0.000000% 0.000000% 0.099108% 0.000000% 0.099108% 0.000000% 0.000000% 0.018534% 0.000000% 0.018534% 180+ Days 0.000000% 0.000000% 0.099108% 0.000000% 0.099108% 0.000000% 0.000000% 0.058988% 0.000000% 0.058988% Totals 1.783944% 1.090188% 0.297324% 0.000000% 3.171457% 1.527589% 0.952301% 0.111392% 0.000000% 2.591282%

~~The~~SUBORDINATION ~~Registrant~~LEVEL/CREDIT ~~registered~~ENHANCEMENT/CLASS ~~issuances~~PERCENTAGE ofAND ~~Mortgage~~PREPAYMENT ~~Pass-Through~~PERCENTAGE ~~Certificates,~~Current onOriginal a$ ~~delayed~~Original or% ~~continuous~~Current ~~basis~~$ ~~pursuant~~Current to% ~~Rule~~Class% ~~415~~Prepayment% ~~under~~Class ~~the~~R ~~Securities~~402,783,100.00 ~~Act~~98.68964922% ~~of 1933~~311,315,708.73 as97.41424853% ~~amended~~0.000000% ~~(the~~0.000000% ~~“Act”)~~Class F 402,783,100.00 by98.68964922% a311,315,708.73 ~~Registration~~97.41424853% ~~Statement~~0.000000% on0.000000% ~~Form~~Class S1-3A-1 ~~(Registration~~344,313,100.00 ~~File~~84.36336842% No281,115,836.25 ~~333-122059)~~87.96436276% ~~(the~~9.449886% ~~“Registration Statement”)~~0. ~~Pursuant~~000000% toClass ~~the~~1-A-2 ~~Registration~~321,813,100.00 ~~Statement~~78.85043328% 258,615,836.25 ~~the~~80.92385523% ~~Registrant~~7.040508% ~~issued~~0.000000% ~~$402~~Class 1-A-3 300,~~783~~354,~~000~~100.00 in73.59256327% ~~aggregate~~237,156,836.25 ~~principal~~74.20908852% ~~amount~~6.714767% of0.000000% Class 1-A1A-4 293,727,100.00 ~~Class~~71.96882010% ~~1-A2~~230,529,836.25 ~~Class~~72.13542437% ~~1-A3,~~2.073664% 0.000000% Class 1-A4A-5 280,085,100.00 ~~Class~~68.62626627% ~~1-A5~~216,887,836.25 67.86668642% 4.268738% 0.000000% Class 1-A6A-6 266,443,100.00 ~~Class~~65.28371244% ~~2-A1~~203,245,836.25 ~~Class~~63.59794848% ~~2-A2,~~4.268738% 0.000000% Class 2-~~A3, Class~~ A-IO1 158,157,100.00 ~~Class~~38.75154822% ~~M-1~~158,157,100.00 ~~Class~~49.48916683% ~~M-2,~~14.108782% 0.000000% Class M2-3A-2 108,988,100.00 ~~Class~~26.70419230% ~~M-4~~108,988,100.00 ~~Class~~34.10362395% ~~B-1~~15.385543% ~~and~~0.000000% Class B-2-A-3 ~~Bayview~~57,627,100.00 ~~Financial~~14.11975399% ~~Mortgage~~57,627,100.00 ~~Pass-Through~~18.03217918% ~~Certificates,~~16.071445% ~~Series~~0.000000% ~~2005~~Class M-B1 on39,300,100.00 ~~April~~9.62928455% 839,300,100.00 ~~2005~~12. ~~This~~29745111% ~~Current~~5.734728% ~~Report~~0.000000% onClass ~~Form~~M-2 33,802,100.00 8-K.28216822% is33,802,100.00 ~~being~~10.57706398% ~~filed~~1.720387% to0.000000% ~~satisfy~~Class anM-3 ~~undertaking~~23,824,100.00 ~~contained~~5.83736525% in23,824,100.00 ~~the~~7.45483358% ~~definitive~~3.122230% ~~Prospectus~~0.000000% ~~dated~~Class ~~April~~M-4 118, ~~2005~~937,100.00 as4.63995574% ~~supplemented~~18,937,100.00 by5.92563534% ~~the~~1.529198% ~~Prospectus~~0.000000% ~~Supplement~~Class ~~dated April~~ B-1, ~~2005 (collectively~~10,792,100.00 ~~the~~2.64427322% ~~“Prospectus”)~~10,792,100.00 to3.37697161% ~~file~~2.548664% a0.000000% ~~copy~~Class ofB-2 ~~the~~100.00 ~~Pooling~~0.00002450% ~~and~~100.00 ~~Servicing~~0.00003129% ~~Agreement~~3.376940% ~~(as~~0.000000% ~~defined~~Class ~~below)~~P ~~and~~0.00 ~~other~~0.00000000% ~~operative~~0.00 ~~agreements~~0.00000000% ~~executed~~0.000031% in0.000000% ~~connection~~Class ~~with~~X ~~the~~0.00 ~~issuance~~0.00000000% of0.00 ~~the~~0.00000000% ~~Certificates,~~0.000000% a0.000000% ~~form~~Please ofRefer ~~which~~to ~~was~~the ~~filed~~Prospectus asSupplement anfor ~~exhibit~~a toFull ~~the~~Description ~~Registration~~of ~~Statement~~Loss Exposure.

~~The~~180+ ~~Certificates~~Delinquency ~~were~~Summary ~~issued~~Summary ~~pursuant~~Group to1 aDays ~~Pooling~~Number ~~and~~of ~~Servicing~~Aggregate ~~Agreement~~Percentage ~~(the~~of ~~“Pooling~~Number ~~and~~of ~~Servicing~~Aggregate ~~Agreement”),~~Percentage ~~attached~~of ~~hereto~~Delinquent asLoans ~~Exhibit~~Outstanding ~~4.1,~~Balance(%) ~~dated~~Loans asOustanding ofBalance(%) ~~March~~Balance($) 1,Balance($) ~~2005~~180 ~~among~~- ~~Bayview~~209 ~~Financial~~15 ~~Securities Company~~990,235.25 ~~LLC,~~0.309 as11 ~~depositor~~678,285.45 ~~Wachovia~~0.507 ~~Bank,~~210 ~~National~~- ~~Association,~~239 as14 ~~trustee~~677,599.14 ~~and~~0.211 ~~Wells~~9 ~~Fargo Bank~~327, N890.~~A.,~~87 ~~as master servicer~~0. ~~The~~245 ~~“Certificates”~~240 ~~consist~~- of269 ~~the~~11 ~~following~~860,561.12 ~~classes:~~0.269 ~~Class~~5 ~~1-A1~~225,410.07 ~~Class~~0.168 ~~1-A2,~~270 ~~Class 1~~-~~A3,~~ ~~Class~~299 ~~1-A4,~~9 ~~Class 1-A5~~452,605.31 ~~Class~~0.141 ~~1-A6,~~5 ~~Class 2-A1~~132,677.30 ~~Class~~0.099 ~~2-A2,~~300 ~~Class 2~~-~~A3,~~ ~~Class~~329 ~~A-IO~~4 396,447.66 ~~Class~~0.124 M-1 81,447.66 ~~Class~~0.061 ~~M-2,~~Total ~~Class~~53 M-3, ~~Class M-4~~377,448.48 ~~Class B-~~1,.054 ~~Class~~31 ~~B-2~~1, ~~Class F~~445,711.35 ~~Class X, Class P and Class R~~1.080

~~The~~180+ ~~Certificates~~Delinquency ~~evidence~~Summary ~~all~~(continued) ofGroup ~~the~~2 ~~beneficial~~Group ~~ownership~~3 ~~interest~~Aggregate inDays aNumber ~~trust fund (the “Trust Fund”), the assets~~ of ~~which~~Outstanding ~~consist~~Number ~~primarily~~ of ~~two~~Aggregate ~~pools~~Percentage of ~~first~~Delinquent ~~lien,~~Loans ~~fixed~~Balance($) ~~and~~Percentage ~~adjustable~~of ~~rate,~~Loans ~~fully~~Oustanding ~~amortizing~~Balance(%) ~~and~~Balance(%) ~~balloon~~Balance($) ~~loans~~180 ~~secured~~- by209 ~~single-family~~3 ~~residential~~303,656.09 ~~multifamily,~~0.196 ~~commercial~~0 ~~and~~0.00 ~~mixed~~0.000 ~~use~~210 ~~properties~~- ~~(the~~239 ~~“Mortgage~~5 ~~Loans”)~~349,708.27 ~~with~~0.226 an0 ~~aggregate~~0.00 ~~outstanding~~0.000 ~~principal~~240 ~~balance~~- of269 ~~approximately~~6 ~~$408~~635,~~131,048~~151.05 as0.410 of0 ~~March~~0.00 1,0.000 ~~2005,~~270 ~~together~~- ~~with~~299 ~~certain~~4 ~~other~~319,928.01 ~~assets~~0. ~~Capitalized~~207 ~~terms~~0 ~~used~~0.00 ~~herein~~0.000 ~~and~~300 ~~not~~- ~~otherwise~~329 ~~defined~~3 ~~shall~~315,000.00 ~~have~~0.203 ~~the~~0 ~~meanings~~0.00 ~~assigned~~0.000 toTotal ~~them~~21 in1,923,443.42 ~~the~~1.242 ~~Pooling~~0 ~~and~~0.00 ~~Servicing Agreement~~0.000

180+ Delinquency Summary (continued) Group 4 Days Number of Aggregate Percentage of Delinquent Loans Outstanding Balance(%) Balance($) 180 - 209 1 8,293.71 0.059 210 - 239 0 0.00 0.000 240 - 269 0 0.00 0.000 270 - 299 0 0.00 0.000 300 - 329 0 0.00 0.000 Total 1 8,293.71 0.059 This report includes all loans greater than 180 days delinquent regardless of status (REO, Foreclosure, Bankruptcy).

REO Detail - All Mortgage Loans in REO during Current Period

~~Capitalized~~Summary ~~terms~~12 ~~used~~Month ~~but~~REO ~~not~~History* ~~otherwise~~New ~~defined~~REO ~~herein~~Loans ~~shall~~Month ~~have~~REO Percentage Loans in REO 12 Jan-05 0.000% Original Principal Balance 851,273.91 Feb-05 0.000% Current Principal Balance 847,498.56 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 24 Jun-05 0.000% Original Principal Balance 1,435,031.50 Jul-05 0.041% Current Principal Balance 1,422,557.61 Aug-05 0.121% Sep-05 0.919% Oct-05 0.974% Nov-05 0.664% Dec-05 0.444% *The text reported in the ~~same~~above ~~meanings~~table ~~ascribed~~is topresented ~~them~~graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 11 Jan-05 0.000% Original Principal Balance 760,073.91 Feb-05 0.000% Current Principal Balance 756,641.27 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 22 Jun-05 0.000% Original Principal Balance 1,267,331.50 Jul-05 0.101% Current Principal Balance 1,255,360.81 Aug-05 0.244% Sep-05 0.296% Oct-05 0.367% Nov-05 0.442% Dec-05 0.938% *The text reported in the ~~Prospectus~~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 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 1 Jan-05 0.000% Original Principal Balance 91,200.00 Feb-05 0.000% Current Principal Balance 90,857.29 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 2 Jun-05 0.000% Original Principal Balance 167,700.00 Jul-05 0.000% Current Principal Balance 167,196.80 Aug-05 0.043% Sep-05 1.608% Oct-05 1.675% Nov-05 0.986% Dec-05 0.108% *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 3 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-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 4 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-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.

~~Item~~REO 9Loan Detail - All Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance Group 1 0000169577 Dec-2005 16-Jun-2001 AR 85.00 31,535.00 Group 1 0000288753 Oct-2005 04-Sep-2003 TX 82.27 16,250.86 Group 1 0000288754 Aug-2005 01-Mar-2004 TX 89. ~~Financial~~64 ~~Statements~~27,700.00 ~~and~~Group ~~Exhibits~~1 0000288766 Aug-2005 04-Jun-2004 TX 83.93 20,900.00 Group 1 0000288864 Nov-2005 01-Oct-2003 TX 96.64 14,400.00 Group 1 0000290832 Nov-2005 28-Oct-2004 TX 93.12 63,234.46 Group 1 0000290858 Dec-2005 01-Oct-2004 TX 92.81 67,659.62 Group 1 0000290865 Dec-2005 06-Sep-2004 TX 90.73 81,572.51 Group 1 0000291202 Dec-2005 05-Dec-2004 TX 92.52 71,152.01 Group 1 0000291226 Dec-2005 19-Sep-2004 TX 92.79 98,267.87 Group 1 0000291427 Dec-2005 10-Dec-2004 TX 89.83 53,000.00 Group 1 0000291443 Oct-2005 08-Nov-2004 TX 94.91 61,600.00 Group 1 0000291466 Oct-2005 17-Oct-2004 TX 94.92 69,200.00 Group 1 0000291476 Aug-2005 27-Sep-2004 MO 95.23 60,000.00 Group 1 0000291585 Dec-2005 25-Dec-2003 TX 107.43 80,470.10 Group 1 0000291586 Nov-2005 28-Dec-2003 TX 90.53 61,472.27 Group 1 0000291591 Dec-2005 18-Jul-2004 TX 94.83 80,516.80 Group 1 0000292051 Dec-2005 01-Feb-2005 NC 80.00 50,400.00 Group 1 0000292795 Dec-2005 04-Mar-2004 TX 89.94 80,500.00 Group 1 0000292971 Aug-2005 06-Feb-2005 TX 90.82 99,000.00 Group 1 0000294033 Dec-2005 01-Nov-2004 MI 68.42 65,000.00 Group 1 0000294489 Oct-2005 17-Oct-2003 TX 90.00 13,500.00 Group 2 0000294031 Aug-2005 01-Oct-2004 MI 87.93 76,500.00 Group 2 0000294047 Dec-2005 01-Nov-2004 MI 73.54 91,200.00

REO Loan Detail - All Mortgage Loans in REO during Current Period (acontinued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 1 0000169577 30,693.74 16-Feb-2005 8 9.500% 2,008.35 Group 1 0000288753 15,170.61 04-Mar-2005 7 11.250% 1,202.45 Group 1 0000288754 26,206.20 01-Feb-2005 8 11.250% 2,054.88 Group 1 0000288766 19,693.92 04-Feb-2005 8 11.250% 1,541.55 Group 1 0000288864 12,956.12 01-May-2005 5 11.250% 797.43 Group 1 0000290832 63,039.43 28-Apr-2005 6 10.900% 4,366.35 Group 1 0000290858 67,284.10 01-Jun-2005 4 9.900% 3,158.42 Group 1 0000290865 81,447.66 06-Dec-2004 10 10.900% 6,338.08 Group 1 0000291202 71,010.25 05-Apr-2005 6 10.900% 5,036.09 Group 1 0000291226 97,920.18 19-May-2005 5 10.900% 6,078.38 Group 1 0000291427 52,922.83 10-Mar-2005 7 11.000% 4,162.96 Group 1 0000291443 61,390.01 08-Apr-2005 6 8.900% 3,432.74 Group 1 0000291466 68,964.09 17-Mar-2005 7 8.900% 4,336.98 Group 1 0000291476 59,062.64 27-Jan-2005 9 7.250% 2,940.93 Group 1 0000291585 80,120.61 01-May-2005 5 10.900% 4,855.17 Group 1 0000291586 60,970.38 28-Apr-2005 6 9.900% 3,815.78 Group 1 0000291591 80,273.55 18-Mar-2005 7 10.900% 6,253.81 Group 1 0000292051 50,272.62 01-May-2005 5 11.000% 3,072.26 Group 1 0000292795 80,080.60 04-Jun-2005 4 11.750% 4,502.09 Group 1 0000292971 98,964.70 06-Feb-2005 8 11.000% 7,782.00 Group 1 0000294033 64,615.13 01-Jun-2005 4 7.625% 2,297.74 Group 1 0000294489 12,301.44 17-Mar-2005 7 11.250% 973.86 Group 2 0000294031 76,339.51 01-Jan-2005 9 9.250% 4,993.29 Group 2 0000294047 90,857.29 01-Mar-2005 7 7.500% 4,755.13

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Not~~Summary ~~applicable~~12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 29 Jan-05 0.000% Original Principal Balance 1,891,867.76 Feb-05 0.000% Current Principal Balance 1,786,750.27 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.084% Loans in Foreclosure 55 Jun-05 0.390% Original Principal Balance 3,994,649.34 Jul-05 0.812% Current Principal Balance 3,862,222.32 Aug-05 0.998% Sep-05 0.893% Oct-05 1.276% Nov-05 1.440% Dec-05 1.205% *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 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 24 Jan-05 0.000% Original Principal Balance 1,526,592.76 Feb-05 0.000% Current Principal Balance 1,457,409.77 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.209% Loans in Foreclosure 42 Jun-05 0.709% Original Principal Balance 2,623,299.34 Jul-05 0.619% Current Principal Balance 2,575,973.69 Aug-05 0.681% Sep-05 1.221% Oct-05 1.498% Nov-05 2.010% Dec-05 1.924% *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 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 3 Jan-05 0.000% Original Principal Balance 321,675.00 Feb-05 0.000% Current Principal Balance 318,440.99 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 10 Jun-05 0.203% Original Principal Balance 1,301,050.00 Jul-05 1.111% Current Principal Balance 1,270,587.04 Aug-05 1.441% Sep-05 0.790% Oct-05 1.263% Nov-05 1.169% Dec-05 0.820% *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 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.658% Nov-05 0.663% Dec-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 4 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 2 Jan-05 0.000% Original Principal Balance 43,600.00 Feb-05 0.000% Current Principal Balance 10,899.51 Mar-05 0.000% Apr-05 0.000% Current Foreclosure Total May-05 0.000% Loans in Foreclosure 3 Jun-05 0.065% Original Principal Balance 70,300.00 Jul-05 0.111% Current Principal Balance 15,661.59 Aug-05 0.045% Sep-05 0.056% Oct-05 0.057% Nov-05 0.033% Dec-05 0.111% *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.

~~(b)~~Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group 1 0000129743 Jul-2005 14-Oct-2000 NY 94.44 51,000.00 Group 1 0000147479 Aug-2005 01-Aug-2004 ME 88.00 22,000.00 Group 1 0000165722 Aug-2005 01-Nov-1996 MS 54.90 29,100.00 Group 1 0000166414 Dec-2005 15-May-2001 TX 90.00 38,700.00 Group 1 0000170833 Dec-2005 01-Nov-1989 TX 74.28 104,000.00 Group 1 0000172955 Jun-2005 01-Feb-1991 PA 98.16 29,450.00 Group 1 0000173050 Nov-2005 01-Sep-2004 PA 96.91 32,950.00 Group 1 0000173506 Dec-2005 01-Mar-1994 PA 94.83 56,900.00 Group 1 0000173675 Aug-2005 01-Dec-1994 PA 94.98 28,400.00 Group 1 0000173687 Aug-2005 01-May-1994 PA 96.94 46,050.00 Group 1 0000174051 Dec-2005 02-Jun-2000 TX 90.00 56,700.00 Group 1 0000174370 Dec-2005 01-Jun-2001 SC 94.72 48,500.00 Group 1 0000288745 Dec-2005 01-Mar-2004 TX 85.00 14,450.00 Group 1 0000288771 Nov-2005 20-Mar-2004 TX 87.50 21,000.00 Group 1 0000288823 Dec-2005 01-Mar-2004 TX 88.75 35,500.00 Group 1 0000288841 Dec-2005 20-Feb-2004 TX 91.30 21,000.00 Group 1 0000289108 Nov-2005 01-Jun-1996 IN 100.86 26,124.00 Group 1 0000289235 Nov-2005 01-Apr-1993 IN 101.44 26,883.00 Group 1 0000289988 Dec-2005 15-Apr-2001 IN 101.69 90,000.00 Group 1 0000290234 Dec-2005 07-Jan-2005 TX 90.00 63,000.00 Group 1 0000291072 Dec-2005 23-Aug-2003 TX 90.00 52,110.00 Group 1 0000291156 Dec-2005 27-Sep-2004 TX 93.29 74,541.53 Group 1 0000291176 Dec-2005 18-Nov-2004 TX 92.71 105,596.33 Group 1 0000291180 Nov-2005 13-Sep-2004 TX 86.46 71,679.98 Group 1 0000291241 Nov-2005 27-May-2004 TX 92.62 74,009.99 Group 1 0000291256 Dec-2005 01-Dec-2004 TX 92.60 81,396.53 Group 1 0000291499 Nov-2005 28-Nov-2004 TX 90.70 82,452.53 Group 1 0000291507 Sep-2005 28-Dec-2004 TX 95.00 84,455.00 Group 1 0000291995 Dec-2005 01-Dec-2004 AR 87.36 50,673.35 Group 1 0000292042 Dec-2005 05-Nov-2004 AR 96.66 7,250.00 Group 1 0000292295 Dec-2005 01-Jul-2002 TX 100.00 90,000.00 Group 1 0000292698 Dec-2005 01-Jan-2003 TX 90.90 50,000.00 Group 1 0000292809 Sep-2005 05-Mar-2003 UT 81.75 92,382.08 Group 1 0000292942 Dec-2005 22-Dec-2004 TX 89.00 90,700.00 Group 1 0000294464 Nov-2005 01-Nov-2003 TX 88.00 22,000.00 Group 1 0000295330 Dec-2005 28-Feb-2005 TX 94.96 81,571.66 Group 1 0000295362 Dec-2005 14-Feb-2005 TX 92.86 78,844.36 Group 1 0000295364 Nov-2005 28-Jan-2005 TX 91.00 59,970.00 Group 1 0000295371 Dec-2005 20-Jan-2005 TX 91.00 77,259.00 Group 1 0000295439 Dec-2005 13-Feb-2005 TX 89.28 75,000.00 Group 1 0000295460 Dec-2005 15-Jan-2005 TX 89.23 82,900.00 Group 1 0200010453 Nov-2005 01-Apr-2005 NJ 60.57 296,800.00 Group 2 0000109147 Nov-2005 10-May-1999 PA 66.53 20,625.00 Group 2 0000291404 Jul-2005 01-Feb-2003 SC 100.00 213,000.00 Group 2 0000291702 Dec-2005 01-Apr-2001 TX 89.90 22,475.00 Group 2 0000292127 Aug-2005 01-Aug-1999 OK 80.00 116,000.00 Group 2 0000292242 Oct-2005 01-Sep-1999 OH 102.94 183,600.00 Group 2 0000294032 Dec-2005 01-Aug-2004 MI 85.00 116,450.00 Group 2 0000294092 Dec-2005 22-Apr-2004 MI 85.00 182,750.00 Group 2 0000295493 Oct-2005 01-Apr-2004 SC 80.00 76,800.00 Group 2 0000296403 Sep-2005 01-Dec-2004 IL 85.00 157,250.00 Group 2 0200029378 Oct-2005 01-Nov-2004 MA 61.47 212,100.00 Group 4 0000160069 Dec-2005 30-Nov-1988 IA 100.00 31,100.00 Group 4 0000162704 Dec-2005 24-Oct-1988 VA 100.00 12,500.00 Group 4 0000163890 Nov-2005 21-Oct-1988 IN 100.00 26,700.00

~~Not~~Foreclosure ~~applicable~~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 1 0000129743 49,851.51 14-Feb-2005 8 11.500% 4,010.27 Group 1 0000147479 19,608.59 01-Mar-2005 7 12.000% 1,621.39 Group 1 0000165722 18,008.56 01-Mar-2005 7 11.750% 1,428.88 Group 1 0000166414 37,770.92 15-Jul-2005 3 11.500% 1,690.85 Group 1 0000170833 76,218.28 01-Jul-2005 3 9.500% 2,758.87 Group 1 0000172955 23,139.01 01-Jan-2005 9 8.000% 1,237.58 Group 1 0000173050 34,841.56 01-Jun-2005 4 7.250% 1,129.97 Group 1 0000173506 45,664.95 01-Jul-2005 3 6.375% 1,064.98 Group 1 0000173675 23,850.10 01-Mar-2005 7 7.000% 1,108.51 Group 1 0000173687 36,791.10 01-Mar-2005 7 5.750% 1,365.66 Group 1 0000174051 54,756.59 02-May-2005 5 9.000% 2,628.49 Group 1 0000174370 47,600.11 01-Jul-2005 3 12.000% 2,229.08 Group 1 0000288745 13,266.88 01-Jul-2005 3 11.250% 587.31 Group 1 0000288771 19,353.01 20-May-2005 5 11.250% 1,199.40 Group 1 0000288823 34,264.78 01-Jun-2005 4 11.250% 1,830.46 Group 1 0000288841 19,828.99 20-Jun-2005 4 11.250% 1,059.56 Group 1 0000289108 23,505.59 01-Jan-2005 9 8.000% 1,331.98 Group 1 0000289235 21,942.72 01-Apr-2005 6 8.000% 1,106.22 Group 1 0000289988 87,325.49 15-May-2005 5 9.639% 4,648.51 Group 1 0000290234 62,825.26 07-May-2005 5 9.000% 3,111.51 Group 1 0000291072 51,715.31 23-Jul-2005 3 11.900% 2,455.55 Group 1 0000291156 74,149.26 27-Jul-2005 3 9.900% 2,979.92 Group 1 0000291176 105,236.42 18-Jul-2005 3 10.900% 4,668.01 Group 1 0000291180 71,328.77 13-Jun-2005 4 9.900% 3,439.02 Group 1 0000291241 73,603.50 27-Jun-2005 4 10.900% 3,916.93 Group 1 0000291256 81,118.74 01-Jul-2005 3 10.400% 3,427.57 Group 1 0000291499 82,171.79 28-Jun-2005 4 10.900% 4,270.38 Group 1 0000291507 84,297.77 28-Apr-2005 6 10.900% 5,839.07 Group 1 0000291995 50,223.11 01-Jul-2005 3 8.000% 1,566.52 Group 1 0000292042 6,167.53 05-Apr-2005 6 10.000% 357.79 Group 1 0000292295 78,305.58 01-Jul-2005 3 7.000% 2,101.59 Group 1 0000292698 45,808.46 01-Jul-2005 3 9.000% 1,606.05 Group 1 0000292809 84,827.68 05-Apr-2005 6 6.000% 3,075.60 Group 1 0000292942 90,426.47 22-Jul-2005 3 10.900% 4,011.08 Group 1 0000294464 20,954.97 01-Jun-2005 4 11.250% 1,118.49 Group 1 0000295330 81,392.57 28-Jul-2005 3 10.900% 3,525.67 Group 1 0000295362 78,758.98 14-Jul-2005 3 10.900% 3,411.56 Group 1 0000295364 59,833.16 28-May-2005 5 10.900% 3,627.08 Group 1 0000295371 77,056.50 20-Jul-2005 3 10.900% 3,337.81 Group 1 0000295439 74,845.06 13-Jul-2005 3 11.500% 3,429.23 Group 1 0000295460 82,683.53 15-Jul-2005 3 11.000% 3,616.01 Group 1 0200010453 370,654.53 01-Jun-2005 4 9.990% 17,104.54 Group 2 0000109147 19,993.48 01-Jun-2005 4 12.500% 1,139.49 Group 2 0000291404 209,231.95 01-Feb-2005 8 8.500% 11,892.47 Group 2 0000291702 21,404.49 01-Jul-2005 3 7.875% 656.41 Group 2 0000292127 109,483.93 01-Jan-2005 9 8.375% 5,872.15 Group 2 0000292242 169,702.54 01-May-2005 5 6.000% 4,940.55 Group 2 0000294032 116,013.00 01-Feb-2005 8 9.200% 7,548.43 Group 2 0000294092 181,023.50 22-Jul-2005 3 9.125% 6,501.54 Group 2 0000295493 75,906.14 01-May-2005 5 7.125% 2,925.95 Group 2 0000296403 156,881.08 01-Apr-2005 6 9.800% 9,709.97 Group 2 0200029378 210,946.93 01-May-2005 5 7.365% 8,427.94 Group 4 0000160069 8,293.71 01-Apr-2005 6 3.000% 116.39 Group 4 0000162704 2,605.80 01-May-2005 5 3.000% 31.72 Group 4 0000163890 4,762.08 01-Jun-2005 4 3.000% 49.72

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~(c)~~Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 8 Jan-05 0.000% Original Principal Balance 675,318.60 Feb-05 0.000% Current Principal Balance 603,087.63 Mar-05 0.000% Apr-05 0.618% Current Bankruptcy Total May-05 0.646% Loans in Bankruptcy 54 Jun-05 0.620% Original Principal Balance 5,240,407.15 Jul-05 0.634% Current Principal Balance 4,653,210.47 Aug-05 0.652% Sep-05 0.587% Oct-05 0.690% Nov-05 1.300% Dec-05 1.452% *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 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 6 Jan-05 0.000% Original Principal Balance 534,495.60 Feb-05 0.000% Current Principal Balance 481,223.95 Mar-05 0.000% Apr-05 0.961% Current Bankruptcy Total May-05 1.027% Loans in Bankruptcy 32 Jun-05 1.044% Original Principal Balance 2,333,040.15 Jul-05 1.061% Current Principal Balance 2,018,812.61 Aug-05 1.068% Sep-05 0.924% Oct-05 1.042% Nov-05 1.170% Dec-05 1.508% *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 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 2 Jan-05 0.000% Original Principal Balance 140,823.00 Feb-05 0.000% Current Principal Balance 121,863.68 Mar-05 0.000% Apr-05 0.410% Current Bankruptcy Total May-05 0.350% Loans in Bankruptcy 11 Jun-05 0.342% Original Principal Balance 2,560,267.00 Jul-05 0.353% Current Principal Balance 2,500,505.39 Aug-05 0.378% Sep-05 0.365% Oct-05 0.450% Nov-05 1.581% Dec-05 1.614% *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 3 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.583% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-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 4 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.656% Current Bankruptcy Total May-05 0.658% Loans in Bankruptcy 11 Jun-05 0.675% Original Principal Balance 347,100.00 Jul-05 0.683% Current Principal Balance 133,892.47 Aug-05 0.687% Sep-05 0.687% Oct-05 0.912% Nov-05 0.998% Dec-05 0.952% *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.

~~Exhibits:~~Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance Group 1 0000151476 Dec-2005 01-Sep-1980 TN 89.99 53,950.00 Group 1 0000152808 Dec-2005 27-Dec-1997 GA 85.00 49,300.00 Group 1 0000165532 Dec-2005 01-Sep-2000 MS 48.71 38,000.00 Group 1 0000165676 Nov-2005 01-Mar-1997 MS 55.62 44,500.00 Group 1 0000166153 Dec-2005 01-May-1997 TN 60.37 32,000.00 Group 1 0000166299 Nov-2005 01-Aug-1997 AL 87.54 27,139.87 Group 1 0000170083 Nov-2005 01-Jun-1980 TX 100.00 92,700.00 Group 1 0000171159 Dec-2005 01-Aug-1986 LA 63.68 60,500.00 Group 1 0000171658 Dec-2005 01-Jan-2001 TX 94.28 46,200.00 Group 1 0000172226 Oct-2005 01-May-2001 GA 80.00 66,400.00 Group 1 0000173194 Dec-2005 01-Dec-1993 PA 80.00 92,000.00 Group 1 0000173282 Dec-2005 01-Nov-1996 PA 84.44 30,400.00 Group 1 0000173435 Dec-2005 01-Jul-1996 PA 98.90 45,000.00 Group 1 0000173801 Dec-2005 01-Nov-1993 PA 94.93 37,500.00 Group 1 0000225242 Dec-2005 30-Jun-1997 GA 80.00 73,600.00 Group 1 0000254271 Dec-2005 01-Jun-2001 VA 98.45 137,837.00 Group 1 0000280244 Dec-2005 26-Jul-1997 AL 76.92 20,000.00 Group 1 0000289207 Nov-2005 01-Mar-1994 IN 101.67 35,586.00 Group 1 0000289212 Dec-2005 01-Nov-1995 IN 100.67 27,183.00 Group 1 0000290214 Nov-2005 10-Sep-2001 KY 99.93 149,900.00 Group 1 0000290844 Dec-2005 28-Oct-2004 TX 96.72 67,610.30 Group 1 0000290964 Dec-2005 01-Dec-2004 MO 79.98 245,000.00 Group 1 0000291242 Dec-2005 13-Nov-2004 TX 92.73 101,912.60 Group 1 0000291248 Sep-2005 01-Oct-2004 TX 91.20 71,959.24 Group 1 0000291444 Oct-2005 18-Nov-2004 TX 94.92 69,200.00 Group 1 0000291595 Oct-2005 27-Jun-2004 TX 94.88 78,660.64 Group 1 0000292622 Dec-2005 01-Jul-2004 NC 97.00 96,515.00 Group 1 0000295197 Dec-2005 10-Dec-1995 GA 75.00 44,925.00 Group 1 0000295324 Dec-2005 28-Feb-2005 TX 94.88 63,474.50 Group 1 0000295345 Nov-2005 28-Jan-2005 TX 93.00 70,587.00 Group 1 0200010294 Dec-2005 01-Feb-2002 MI 41.46 85,000.00 Group 1 0300000902 Dec-2005 01-Aug-2001 FL 50.00 178,500.00 Group 2 0000165346 Aug-2005 04-Oct-1996 TN 65.89 44,344.00 Group 2 0000165362 Dec-2005 01-Oct-1996 IL 62.99 40,000.00 Group 2 0000166315 Dec-2005 01-May-1997 IN 97.64 97,648.00 Group 2 0000182379 Dec-2005 01-Jun-2000 MI 52.33 43,175.00 Group 2 0000281658 Nov-2005 01-Jan-2004 FL 90.00 82,800.00 Group 2 0000292183 Sep-2005 01-Sep-2000 KS 80.00 135,200.00 Group 2 0000292968 Dec-2005 01-Feb-2005 CA 57.14 200,000.00 Group 2 0000294342 Nov-2005 01-Mar-2005 AR 58.03 1,625,000.00 Group 2 0000294673 Dec-2005 01-Feb-2005 PA 95.00 144,400.00 Group 2 0000295195 Dec-2005 01-Jul-1994 NH 70.00 60,200.00 Group 2 0200031530 Nov-2005 01-Apr-2005 OH 70.00 87,500.00 Group 4 0000160027 Dec-2005 03-Oct-1991 GA 100.00 32,550.00 Group 4 0000160374 Dec-2005 19-Dec-1990 GA 100.00 20,550.00 Group 4 0000160428 Dec-2005 01-Apr-1987 NJ 100.00 33,000.00 Group 4 0000162040 Nov-2005 01-Jun-1989 IN 100.00 25,350.00 Group 4 0000162790 Dec-2005 01-Jul-2003 MN 100.00 32,700.00 Group 4 0000163500 Dec-2005 25-Mar-1992 GA 100.00 33,500.00 Group 4 0000163584 Dec-2005 19-Nov-1990 GA 93.81 33,500.00 Group 4 0000163861 Dec-2005 17-Dec-1991 LA 100.00 33,350.00 Group 4 0000164102 Dec-2005 06-Nov-1989 OH 100.00 32,100.00 Group 4 0000164354 Dec-2005 20-Dec-1989 WA 100.00 31,000.00 Group 4 0200022176 Oct-2005 19-Jul-1997 KY 42.70 39,500.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Principal Date Delinquent Loan Rate Delinquent Balance Interest Group 1 0000151476 22,039.25 01-Oct-2005 0 10.300% 348.44 Group 1 0000152808 36,089.78 27-Nov-2005 0 9.700% 545.21 Group 1 0000165532 27,567.25 01-Jun-2005 4 11.250% 1,423.43 Group 1 0000165676 21,618.91 01-Jul-2005 3 14.250% 1,171.68 Group 1 0000166153 24,258.75 15-Oct-2005 0 8.250% 303.52 Group 1 0000166299 27,037.69 01-Oct-2005 0 18.460% 797.68 Group 1 0000170083 28,604.72 01-Nov-2005 0 13.250% 603.42 Group 1 0000171159 41,196.01 01-Oct-2005 0 9.875% 625.11 Group 1 0000171658 41,004.22 01-Oct-2005 0 8.500% 528.93 Group 1 0000172226 64,103.94 01-Jul-2005 3 8.875% 2,166.49 Group 1 0000173194 69,086.57 01-Sep-2005 1 5.375% 796.43 Group 1 0000173282 26,664.27 01-Nov-2005 0 7.125% 283.55 Group 1 0000173435 38,720.56 01-Dec-2005 (1) 6.625% 189.93 Group 1 0000173801 28,900.44 01-Dec-2005 (1) 5.625% 117.74 Group 1 0000225242 68,198.50 28-Nov-2005 0 9.900% 1,041.79 Group 1 0000254271 131,711.99 01-Oct-2005 0 7.750% 1,590.70 Group 1 0000280244 5,257.02 01-Oct-2005 0 12.500% 102.76 Group 1 0000289207 29,512.27 01-Jan-2006 (2) 7.500% 0.00 Group 1 0000289212 12,510.15 01-Sep-2005 1 7.000% 204.36 Group 1 0000290214 144,038.76 10-Jul-2005 3 8.125% 4,571.56 Group 1 0000290844 67,124.50 28-Dec-2005 (1) 9.900% 526.34 Group 1 0000290964 243,993.04 01-May-2005 5 7.980% 10,623.50 Group 1 0000291242 101,402.67 13-Nov-2005 0 10.900% 1,801.00 Group 1 0000291248 71,712.55 01-Jun-2005 4 10.900% 3,814.83 Group 1 0000291444 68,964.09 18-Apr-2005 6 8.900% 3,856.25 Group 1 0000291595 77,863.11 27-Jul-2005 3 8.900% 2,723.46 Group 1 0000292622 94,773.30 01-Nov-2005 0 5.875% 849.49 Group 1 0000295197 45,108.68 10-Sep-2005 1 13.990% 1,521.28 Group 1 0000295324 63,306.09 28-Aug-2005 2 10.900% 2,194.18 Group 1 0000295345 70,351.61 28-Jul-2005 3 10.900% 3,047.38 Group 1 0200010294 74,058.93 01-Oct-2005 0 10.250% 1,170.28 Group 1 0300000902 152,032.99 01-Nov-2005 0 10.750% 2,539.16 Group 2 0000165346 24,270.78 04-Aug-2005 2 5.750% 402.89 Group 2 0000165362 34,338.30 01-Jan-2006 (2) 6.375% 0.00 Group 2 0000166315 82,751.31 01-Nov-2005 0 5.375% 638.54 Group 2 0000182379 39,112.37 01-Nov-2005 0 6.125% 350.64 Group 2 0000281658 82,119.48 01-Jan-2005 9 8.500% 4,906.94 Group 2 0000292183 128,427.86 01-Oct-2005 0 7.750% 1,550.98 Group 2 0000292968 199,979.32 01-Nov-2005 0 10.750% 3,416.32 Group 2 0000294342 1,625,000.00 01-Jun-2005 4 8.000% 60,937.50 Group 2 0000294673 142,956.47 01-Nov-2005 0 6.100% 1,334.95 Group 2 0000295195 54,049.50 01-Dec-2005 (1) 9.875% 422.92 Group 2 0200031530 87,500.00 01-Mar-2005 7 11.000% 6,859.03 Group 4 0000160027 12,144.76 01-Nov-2005 0 3.000% 45.83 Group 4 0000160374 7,105.94 01-Oct-2005 0 3.000% 26.46 Group 4 0000160428 3,940.44 01-Nov-2005 0 4.000% 21.85 Group 4 0000162040 3,305.50 01-Jun-2005 4 3.000% 34.45 Group 4 0000162790 16,689.60 01-Feb-2006 (3) 3.000% 0.00 Group 4 0000163500 14,082.86 01-Nov-2005 0 3.000% 53.09 Group 4 0000163584 11,139.26 01-Mar-2006 (4) 3.000% 0.00 Group 4 0000163861 15,033.26 01-Sep-2005 1 3.000% 83.73 Group 4 0000164102 8,378.82 01-Nov-2005 0 3.000% 31.72 Group 4 0000164354 8,955.23 01-Oct-2005 0 3.000% 33.30 Group 4 0200022176 33,116.80 19-Sep-2005 1 4.000% 289.77

~~Pooling~~Realized ~~and~~Loss ~~Servicing~~Detail ~~Agreement,~~Report ~~dated~~- asLoans ofwith ~~March~~Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Group 1 5 243,132.96 ~~2005~~70,854.36 ~~among~~0.053% ~~Bayview~~Group ~~Financial~~2 ~~Securities~~3 ~~Company~~1, ~~LLC~~518,004.65 as(252.96) ~~Depositor,~~0.000% ~~Wachovia~~Group ~~Bank,~~3 ~~National~~0 ~~Association,~~0.00 as0.00 ~~Trustee,~~0.000% ~~and~~Group ~~Wells~~4 ~~Fargo~~1 ~~Bank,~~0.00 N13.A50 0.,000% asTotal ~~Master~~9 ~~Servicer~~1,761,137.61 70,614.90 0.022%

99Realized Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term Group 1 0000171528 39,100.00 10.500% AL 85.00 360 Group 1 0000282002 42,000.00 11.000% MS 100.00 180 Group 1 0000288874 31,400.00 11.250% TX 89.97 120 Group 1 0000292294 42,000.00 11.000% AL 92.30 360 Group 1 0300001212 107,000.00 11.750% CT 30.83 360 Group 2 0000165777 19,500.00 10.820% MS 50.00 120 Group 2 0000293540 33,300.00 10.000% NE 100.00 360 Group 2 0200025870 1,592,000.00 7.750% TX 81.64 60 Group 4 0000160558 16,200.00 4.000% NJ 100.00 248

~~Flow~~Realized ~~Servicing~~Loss ~~Agreement~~Loan ~~(Non-Full~~Detail ~~Recourse)~~Report ~~dated~~- asLoans ofWith ~~March~~Losses 1,during ~~2005,~~Current ~~between~~Period ~~Bayview~~(continued) ~~Financial,~~Prior ~~L.P.,~~Cumulative ~~and~~Loan ~~M&T~~Principal ~~Mortgage~~Realized ~~Corporation,~~Realized asGroup ~~Servicer,~~Number ~~together~~Balance ~~with~~Loss/(Gain) Loss/(iGain) ~~the~~Group ~~Assignment,~~1 ~~Assumption~~0000171528 ~~and Recognition Agreement dated as of March 1~~38,247.08 ~~2005~~35,205.38 ~~among Bayview Financial~~35, L205.~~P.,~~38 ~~Bayview~~Group ~~Financial~~1 ~~Securities~~0000282002 ~~Company~~34,813.13 ~~LLC~~23,112.34 ~~as Depositor~~23,112.34 ~~and~~Group ~~M&T~~1 ~~Mortgage~~0000288874 ~~Corporation~~28,596.84 as9,305.17 ~~Servicer~~9,305.17 ~~and~~Group ~~(ii)~~1 ~~the~~0000292294 ~~Assignment~~36,335.88 ~~Assumption and Recognition Agreement dated as of March~~ 1,752.87 ~~2005~~1,752.87 ~~among~~Group ~~Bayview~~1 ~~Financial~~0300001212 ~~Securities Company~~105,140.03 ~~LLC~~1,478.60 ~~as Depositor~~1,478.60 ~~Wachovia~~Group ~~Bank,~~2 ~~National~~0000165777 ~~Association~~10,313.23 as(33.18) ~~Trustee,~~(33.18) ~~and~~Group ~~M&T~~2 ~~Mortgage~~0000293540 ~~Corporation,~~0.00 as(379.13) ~~Servicer,~~(379.13) ~~and~~Group ~~acknowledged~~2 by0200025870 ~~Wells~~1,507,691.42 ~~Fargo~~159.35 ~~Bank,~~159.35 ~~National~~Group ~~Association,~~4 as0000160558 ~~Master~~0.00 ~~Servicer~~13.50 567.26

99.2

~~Cap~~Prepayment ~~Agreement~~Detail ~~dated~~- ~~April~~Prepayments 8during 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 28 2,091,593.42 ~~2005~~1,729,840.20 ~~between~~0 ~~IXIS~~0.00 ~~Financial~~0.00 ~~Products~~Group ~~Inc~~2 44 4,370,875.00 ~~and~~3,765,092.97 ~~Wachovia~~0 ~~Bank~~0.00 0.00 Group 3 1 200,000.00 ~~National~~200,000.00 ~~Association~~0 0.00 0.00 Group 4 9 378,334.00 as138,142.35 ~~Trustee~~0 ~~for~~0.00 ~~Bayview~~0.00 ~~Financial~~Total ~~Mortgage~~82 ~~Pass-Through~~7,040,802.42 ~~Certificates~~5,833,075.52 ~~Series~~0 ~~2005-B~~0.00 0.00

99Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Group 1 0 0.00 0.00 5 261,500.00 239,598.23 6,192.24 Group 2 0 0.00 0.00 2 1,611,500.00 1,491,406.55 81,378.00 Group 3 0 0.00 0.00 0 0.00 0.00 1,910.78 Group 4 0 0.00 0.00 0 0.00 0.00 19,039.04 Total 0 0.00 0.00 7 1,873,000.00 1,731,004.78 108,520.06

~~Insurance~~Prepayment ~~and~~Loan ~~Indemnity~~Detail ~~Agreement~~- ~~dated~~Prepayments asduring ofCurrent ~~April~~Period 8First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 0000130580 AL 85.00 15-Oct-2000 40,375.00 39,061.33 Group 1 0000160464 NJ 100.00 29-Oct-1986 23,000.00 872.83 Group 1 0000169570 GA 95.00 01-Jan-2000 123,405.00 119,518.75 Group 1 0000169882 MN 94.99 01-Jun-1984 106,200.00 67,995.67 Group 1 0000170156 KY 100.00 01-Jan-1988 25,000.00 17,693.69 Group 1 0000170385 TX 95.00 01-Nov-1988 58,900.00 44,429.16 Group 1 0000171528 AL 85.00 01-Jul-2001 39,100.00 38,032.71 Group 1 0000171680 IL 86.72 01-Dec-1998 290,534.00 259,638.90 Group 1 0000172089 TX 70.00 01-Jul-2001 56,420.00 53,755.17 Group 1 0000172932 MS 80.00 18-May-2001 40,000.00 32,324.24 Group 1 0000173365 PA 81.48 01-Feb-1994 44,000.00 34,073.72 Group 1 0000173693 PA 89.06 01-Apr-1994 28,500.00 22,225.97 Group 1 0000174479 VA 90.00 29-May-1998 81,000.00 78,031.37 Group 1 0000282002 MS 100.00 01-Apr-2000 42,000.00 33,163.74 Group 1 0000288809 TN 89.97 01-Mar-2004 31,400.00 28,619.62 Group 1 0000288874 TX 89.97 01-Dec-2003 31,400.00 27,380.73 Group 1 0000289080 TX 90.00 08-Sep-2002 45,000.00 35,224.76 Group 1 0000290598 CA 85.00 10-Sep-2004 85,000.00 54,737.32 Group 1 0000290824 TX 96.63 18-Nov-2004 75,274.42 74,788.76 Group 1 0000291473 FL 95.61 10-Jul-2002 54,500.00 46,093.72 Group 1 0000291908 TX 89.25 05-Nov-2002 53,550.00 52,713.38 Group 1 0000292294 AL 92.30 01-Jul-1991 42,000.00 35,638.59 Group 1 0000293211 CO 100.00 01-Feb-1976 42,000.00 0.00 Group 1 0000293246 NE 100.00 01-Feb-1979 27,000.00 7,206.98 Group 1 0000293505 CA 100.00 01-Jan-1983 52,800.00 25,181.80 Group 1 0000293776 NE 100.00 01-Dec-1992 30,000.00 5,729.63 Group 1 0000293954 FL 75.00 01-Feb-2005 255,000.00 ~~among~~254,059.39 ~~Financial~~Group ~~Guaranty~~1 ~~Insurance~~0000294004 ~~Company~~FL 95.00 01-Feb-2005 53,200.00 as52,900.53 ~~Class~~Group 1 0000294055 TX 100.00 01-A5Aug-1999 ~~Insurer~~119,000.00 ~~Bayview~~87,448.34 ~~Financial~~Group 1 0000294119 AZ 98.32 01-Jan-2004 115,535.00 L112,408.P21 Group 1 0000294567 NY 100.00 05-Jan-2003 45,000.00 as41,602.95 ~~Seller~~Group 1 0200006811 MO 32.72 01-Nov-2001 90,000.00 ~~Wells~~75,444.38 ~~Fargo~~Group ~~Bank~~1 0300001212 CT 30.83 01-Dec-2001 107,000.00 N104,882.A17 Group 2 0000152858 GA 80.00 01-Jun-1991 26,400.00 as19,647.66 ~~Master~~Group ~~Servicer~~2 0000165777 MS 50.00 01-Jun-1999 19,500.00 ~~Bayview~~9,071.43 ~~Financial~~Group ~~Securities~~2 ~~Company~~0000170079 TX 94.28 01-Oct-1977 33,000.00 ~~LLC~~3,043.15 asGroup ~~Depositor~~2 0000171444 MA 79.97 01-Aug-1987 59,100.00 ~~and~~40,548.36 ~~Wachovia~~Group ~~Bank~~2 0000280581 CA 80.00 01-May-1998 344,000.00 ~~National~~303,786.43 ~~Association~~Group 2 0000289097 TN 79.40 01-Aug-1987 106,400.00 as0.00 ~~Trustee~~Group 2 0000290657 FL 60.00 01-Jan-2005 48,000.00 47,825.48 Group 2 0000290718 FL 71.50 01-Dec-2004 71,500.00 71,216.88 Group 2 0000290738 FL 65.00 01-Nov-2004 183,625.00 182,483.42 Group 2 0000290746 FL 39.25 01-Dec-2004 53,000.00 52,790.12 Group 2 0000290769 FL 56.25 01-Nov-2004 90,000.00 89,440.45 Group 2 0000290773 FL 65.00 01-Dec-2004 97,500.00 97,113.94 Group 2 0000290778 FL 60.00 01-Nov-2004 108,000.00 107,442.95 Group 2 0000290807 FL 52.94 01-Nov-2004 45,000.00 44,807.19 Group 2 0000291611 FL 65.51 01-Jan-2005 190,000.00 189,309.06 Group 2 0000291621 FL 66.08 01-Jan-2005 99,125.00 98,764.50 Group 2 0000291635 FL 38.46 01-Feb-2005 100,000.00 99,668.35 Group 2 0000291646 FL 64.92 01-Feb-2005 61,025.00 60,822.60 Group 2 0000291692 TX 73.68 01-Oct-1999 42,000.00 38,773.60 Group 2 0000292131 KS 73.84 01-Oct-1999 240,000.00 200,334.21 Group 2 0000292175 MO 65.00 01-May-2001 81,900.00 77,845.69 Group 2 0000292874 NH 50.00 01-Feb-2005 90,000.00 89,221.59 Group 2 0000292875 MA 45.00 01-Dec-2004 99,000.00 97,915.61 Group 2 0000292962 CA 51.16 01-Feb-2005 220,000.00 220,000.00 Group 2 0000292985 GA 48.00 01-Feb-2005 60,000.00 59,753.06 Group 2 0000293005 GA 62.50 01-Jan-2005 50,000.00 49,774.50 Group 2 0000293045 GA 65.00 01-Feb-2005 65,000.00 64,732.46 Group 2 0000293068 FL 33.33 01-Feb-2005 35,000.00 34,883.86 Group 2 0000293080 FL 65.00 01-Jan-2005 56,550.00 56,344.28 Group 2 0000293083 FL 65.00 01-Feb-2005 58,500.00 58,305.93 Group 2 0000293135 GA 64.93 01-Nov-2004 308,750.00 307,157.31 Group 2 0000293138 FL 65.00 01-Jan-2005 100,750.00 100,383.63 Group 2 0000293405 NY 100.00 01-Jan-1985 33,000.00 2,229.69 Group 2 0000293413 NE 100.00 01-Aug-1994 36,800.00 998.29 Group 2 0000293629 NY 100.00 01-Nov-1986 50,000.00 3,980.14 Group 2 0000293693 NE 100.00 01-May-1995 29,400.00 6,589.37 Group 2 0000293732 AZ 100.00 01-Feb-1985 85,000.00 1,255.19 Group 2 0000293827 OK 100.00 01-Nov-1985 43,200.00 24,744.68 Group 2 0000293997 TN 58.06 01-Apr-2003 45,000.00 44,404.52 Group 2 0000294040 MI 85.00 01-Jun-2004 131,750.00 129,830.76 Group 2 0000294058 DC 45.45 01-Mar-2005 130,000.00 128,932.24 Group 2 0000294062 PA 76.83 01-Dec-2003 115,250.00 86,637.03 Group 2 0000294589 CA 80.00 01-Feb-2005 141,600.00 141,600.00 Group 2 0000294623 CA 90.00 01-May-1989 279,000.00 198,371.52 Group 2 0000295193 IA 75.00 01-Feb-2001 27,750.00 27,201.58 Group 2 0200025870 TX 81.64 15-Feb-2003 1,592,000.00 1,478,808.14 Group 3 0000295251 MO 80.00 01-Feb-2005 200,000.00 200,000.00 Group 4 0000159371 LA 100.00 27-Nov-1991 30,634.00 5,736.29 Group 4 0000160794 CA 19.14 01-Dec-1988 67,000.00 14,502.75 Group 4 0000160964 MS 100.00 20-May-1987 21,000.00 1,815.02 Group 4 0000161319 NY 100.00 01-Jan-1988 49,200.00 0.00 Group 4 0000161459 TN 100.00 05-Oct-1988 22,950.00 4,381.50 Group 4 0000162584 WI 100.00 01-Dec-1990 28,450.00 7,187.20 Group 4 0000162985 OH 100.00 09-Dec-1991 33,100.00 12,741.58 Group 4 0000173822 PA 94.79 01-Jan-1994 91,000.00 58,493.56 Group 4 0000291575 FL 41.17 02-Sep-2004 35,000.00 31,518.61

99Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0000130580 Loan Paid in Full 0 10.500% 360 62 Group 1 0000160464 Loan Paid in Full (4) 11.000% 247 229 Group 1 0000169570 Loan Paid in Full 0 12.000% 360 71 Group 1 0000169882 Loan Paid in Full 0 12.200% 360 258 Group 1 0000170156 Loan Paid in Full 0 9.000% 360 215 Group 1 0000170385 Loan Paid in Full 0 10.125% 360 205 Group 1 0000171528 Liquidation 6 10.500% 360 53 Group 1 0000171680 Loan Paid in Full 0 7.000% 329 84 Group 1 0000172089 Loan Paid in Full 0 10.750% 360 53 Group 1 0000172932 Loan Paid in Full 2 8.000% 180 54 Group 1 0000173365 Loan Paid in Full 0 5.500% 360 142 Group 1 0000173693 Loan Paid in Full 0 5.875% 360 140 Group 1 0000174479 Loan Paid in Full 1 12.770% 180 90 Group 1 0000282002 Liquidation 7 11.000% 180 68 Group 1 0000288809 Loan Paid in Full 0 8.250% 151 21 Group 1 0000288874 Liquidation 4 11.250% 120 24 Group 1 0000289080 Loan Paid in Full 0 11.250% 119 39 Group 1 0000290598 Loan Paid in Full 0 7.000% 48 15 Group 1 0000290824 Loan Paid in Full 0 9.800% 360 12 Group 1 0000291473 Loan Paid in Full 1 7.000% 174 41 Group 1 0000291908 Loan Paid in Full 0 11.000% 360 37 Group 1 0000292294 Liquidation 7 11.000% 360 173 Group 1 0000293211 Loan Paid in Full 0 8.250% 359 359 Group 1 0000293246 Loan Paid in Full 0 9.500% 360 322 Group 1 0000293505 Loan Paid in Full 0 8.500% 372 275 Group 1 0000293776 Loan Paid in Full 0 7.375% 180 156 Group 1 0000293954 Loan Paid in Full 0 11.500% 360 10 Group 1 0000294004 Loan Paid in Full 0 9.500% 60 10 Group 1 0000294055 Loan Paid in Full 0 10.000% 180 76 Group 1 0000294119 Loan Paid in Full 0 5.500% 360 23 Group 1 0000294567 Loan Paid in Full 0 8.000% 240 35 Group 1 0200006811 Loan Paid in Full 0 9.990% 180 49 Group 1 0300001212 Liquidation 2 11.750% 360 48 Group 2 0000152858 Loan Paid in Full 0 6.125% 360 174 Group 2 0000165777 Liquidation 4 10.820% 120 78 Group 2 0000170079 Loan Paid in Full 0 5.875% 360 338 Group 2 0000171444 Loan Paid in Full (1) 7.250% 360 220 Group 2 0000280581 Loan Paid in Full (1) 5.750% 360 91 Group 2 0000289097 Loan Paid in Full (1) 6.125% 360 360 Group 2 0000290657 Loan Paid in Full 0 11.990% 360 11 Group 2 0000290718 Loan Paid in Full 7 12.000% 360 12 Group 2 0000290738 Loan Paid in Full 0 12.000% 360 13 Group 2 0000290746 Loan Paid in Full 1 12.000% 360 12 Group 2 0000290769 Loan Paid in Full 0 12.000% 360 13 Group 2 0000290773 Loan Paid in Full 0 12.000% 360 12 Group 2 0000290778 Loan Paid in Full 0 12.000% 360 13 Group 2 0000290807 Loan Paid in Full 7 12.000% 360 13 Group 2 0000291611 Loan Paid in Full 0 11.990% 360 11 Group 2 0000291621 Loan Paid in Full 0 11.990% 360 11 Group 2 0000291635 Loan Paid in Full 7 11.990% 360 10 Group 2 0000291646 Loan Paid in Full 0 11.990% 360 10 Group 2 0000291692 Loan Paid in Full 0 7.625% 360 74 Group 2 0000292131 Loan Paid in Full 0 7.375% 360 74 Group 2 0000292175 Loan Paid in Full 0 7.500% 360 55 Group 2 0000292874 Loan Paid in Full 0 7.375% 360 10 Group 2 0000292875 Loan Paid in Full 0 9.500% 360 12 Group 2 0000292962 Loan Paid in Full 6 10.500% 360 10 Group 2 0000292985 Loan Paid in Full 0 10.990% 360 10 Group 2 0000293005 Loan Paid in Full 0 10.990% 360 11 Group 2 0000293045 Loan Paid in Full 6 10.990% 360 10 Group 2 0000293068 Loan Paid in Full 1 11.990% 360 10 Group 2 0000293080 Loan Paid in Full 0 11.990% 360 11 Group 2 0000293083 Loan Paid in Full 4 11.990% 360 10 Group 2 0000293135 Loan Paid in Full 0 12.000% 360 13 Group 2 0000293138 Loan Paid in Full 8 11.990% 360 11 Group 2 0000293405 Loan Paid in Full 0 4.750% 300 251 Group 2 0000293413 Loan Paid in Full (1) 6.125% 180 136 Group 2 0000293629 Loan Paid in Full 0 6.875% 240 229 Group 2 0000293693 Loan Paid in Full 0 5.750% 180 127 Group 2 0000293732 Loan Paid in Full (2) 5.250% 360 250 Group 2 0000293827 Loan Paid in Full 0 6.375% 360 241 Group 2 0000293997 Loan Paid in Full 0 12.875% 360 32 Group 2 0000294040 Loan Paid in Full 0 7.625% 360 18 Group 2 0000294058 Loan Paid in Full 0 7.125% 360 9 Group 2 0000294062 Loan Paid in Full 0 10.500% 360 24 Group 2 0000294589 Loan Paid in Full 0 7.875% 360 10 Group 2 0000294623 Loan Paid in Full 0 7.000% 360 199 Group 2 0000295193 Loan Paid in Full 0 12.990% 360 58 Group 2 0200025870 Liquidation 7 7.750% 60 34 Group 3 0000295251 Loan Paid in Full (1) 6.000% 360 10 Group 4 0000159371 Loan Paid in Full 0 3.000% 254 168 Group 4 0000160794 Loan Paid in Full 0 4.000% 240 204 Group 4 0000160964 Loan Paid in Full 0 4.000% 244 222 Group 4 0000161319 Loan Paid in Full 0 4.000% 240 240 Group 4 0000161459 Loan Paid in Full 0 3.000% 247 206 Group 4 0000162584 Loan Paid in Full 0 3.000% 253 180 Group 4 0000162985 Loan Paid in Full 0 3.000% 248 168 Group 4 0000173822 Loan Paid in Full (1) 5.000% 360 143 Group 4 0000291575 Loan Paid in Full (1) 5.000% 119 15

Prepayment - Voluntary Prepayments

~~Surety~~Summary ~~Bond~~SMM ~~Policy~~CPR NoPSA Current Month 2.340% ~~05030016~~Current ~~for~~Month ~~$13,642,~~24.732% Current Month 412.193% 3 Month Average 2.441% 3 Month Average 25.649% 3 Month Average 427.479% 12 Month Average 0.000% ~~Bayview~~12 ~~Mortgage~~Month ~~Pass~~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. Jan-~~Through~~2005 ~~Certificates~~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 25.776% N/A Apr-2005 429.606% N/A May-2005 29.298% N/A May-2005 488.293% N/A Jun-2005 25.918% N/A Jun-2005 431.964% N/A Jul-2005 24.801% N/A Jul-2005 413.355% N/A Aug-2005 25.430% N/A Aug-2005 423.832% N/A Sep-2005 20.715% N/A Sep-2005 345.254% N/A Oct-2005 27.689% N/A Oct-2005 461.487% N/A Nov-2005 24.525% N/A Nov-2005 408.757% N/A Dec-2005 24.732% N/A Dec-2005 412.193% 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 SMM CPR PSA Current Month 1.453% Current Month 16.113% Current Month 268.545% 3 Month Average 1.680% 3 Month Average 18.350% 3 Month Average 305.841% 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. 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 21.300% N/A Apr-2005 355.005% N/A May-2005 19.045% N/A May-2005 317.419% N/A Jun-2005 23.518% N/A Jun-2005 391.973% N/A Jul-2005 18.699% N/A Jul-2005 311.652% N/A Aug-2005 20.228% N/A Aug-2005 337.135% N/A Sep-2005 16.753% N/A Sep-2005 279.214% N/A Oct-2005 16.582% N/A Oct-2005 276.373% N/A Nov-2005 22.356% N/A Nov-2005 372.604% N/A Dec-2005 16.113% N/A Dec-2005 268.545% 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 SMM CPR PSA Current Month 3.334% Current Month 33.429% Current Month 557.145% 3 Month Average 3.344% 3 Month Average 33.438% 3 Month Average 557.297% 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. 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 31.364% N/A Apr-2005 522.736% N/A May-2005 39.725% N/A May-2005 662.090% N/A Jun-2005 26.725% N/A Jun-2005 445.423% N/A Jul-2005 29.923% N/A Jul-2005 498.716% N/A Aug-2005 29.927% N/A Aug-2005 498.791% N/A Sep-2005 26.626% N/A Sep-2005 443.760% N/A Oct-2005 37.445% N/A Oct-2005 624.085% N/A Nov-2005 29.440% N/A Nov-2005 490.662% N/A Dec-2005 33.429% N/A Dec-2005 557.145% 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 3 SMM CPR PSA Current Month 1.134% Current Month 12.789% Current Month 344.874% 3 Month Average 1.416% 3 Month Average 15.354% 3 Month Average 447.458% 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. 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 16.656% N/A Apr-2005 808.215% N/A May-2005 0.173% N/A May-2005 7.665% N/A Jun-2005 35.477% N/A Jun-2005 1,423.070% ~~Series~~N/A Jul-2005 24.821% N/A Jul-B2005 923.301% N/A Aug-2005 32.009% N/A Aug-2005 1,097.821% ~~Class~~N/A Sep-2005 0.739% N/A Sep-2005 23.756% N/A Oct-2005 26.423% N/A Oct-2005 801.605% N/A Nov-2005 6.851% N/A Nov-2005 195.896% N/A Dec-2005 12.789% N/A Dec-2005 344.874% 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 4 SMM CPR PSA Current Month 1.104% Current Month 12.471% Current Month 207.842% 3 Month Average 0.624% 3 Month Average 7.169% 3 Month Average 119.482% 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. Jan-A52005 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 2.734% N/A Apr-2005 45.573% N/A May-2005 11.815% N/A May-2005 196.909% N/A Jun-2005 25.893% N/A Jun-2005 431.544% N/A Jul-2005 17.028% N/A Jul-2005 283.805% N/A Aug-2005 8.241% N/A Aug-2005 137.351% N/A Sep-2005 6.555% N/A Sep-2005 109.242% N/A Oct-2005 4.111% N/A Oct-2005 68.515% N/A Nov-2005 4.925% N/A Nov-2005 82.089% N/A Dec-2005 12.471% N/A Dec-2005 207.842% 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))

~~99.5~~Modifications Loan Beginning Current Prior Modified Prior Modified Number Balance Balance Rate Rate Payment Payment No Modifications this Period

~~Servicing~~Substitutions ~~Agreement~~Loans ~~dated~~Repurchased asLoans ofSubstituted ~~March~~Loan 1,Current ~~2005,~~Current ~~between~~Current ~~Bayview~~Loan ~~Financial,~~Current ~~L.P.,~~Current ~~and~~Current ~~Bayview~~Number ~~Loan~~Balance ~~Servicing,~~Rate ~~LLC,~~Payment asNumber ~~Servicer.~~Balance Rate Payment No Substitutions this Period

~~SIGNATURES~~Repurchases Loan Current Current Current Number Balance Rate Payment No Repurchases this Period

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 hereunto duly authorized.

BAYVIEW FINANCIAL SECURITIES COMPANY, LLC

By: /s/ Stuart Waldman

Name: Stuart Waldman

Title: Vice President

Dated: April 22, 2005

EXHIBIT INDEX

Exhibit No.

Description

4.1

Pooling and Servicing Agreement, dated as of March 1, 2005, among Bayview Financial Securities Company, LLC, as Depositor, Wachovia Bank, National Association, as Trustee, and Wells Fargo Bank, N.A., as Master Servicer.

99.1

Flow Servicing Agreement (Non-Full Recourse) dated as of March 1, 2005, between Bayview Financial, L.P., and M&T Mortgage Corporation, as Servicer, together with (i) the Assignment, Assumption and Recognition Agreement dated as of March 1, 2005, among Bayview Financial, L.P., Bayview Financial Securities Company, LLC, as Depositor, and M&T Mortgage Corporation, as Servicer, and (ii) the Assignment, Assumption and Recognition Agreement dated as of March 1, 2005, among Bayview Financial Securities Company, LLC, as Depositor, Wachovia Bank, National Association, as Trustee, and M&T Mortgage Corporation, as Servicer, and acknowledged by Wells Fargo Bank, National Association, as Master Servicer.

99.2

Cap Agreement dated April 8, 2005, between IXIS Financial Products Inc. and Wachovia Bank, National Association, as Trustee for Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B.

99.3

Insurance and Indemnity Agreement dated as of April 8, 2005, among Financial Guaranty Insurance Company, as Class 1-A5 Insurer, Bayview Financial, L.P., as Seller, Wells Fargo Bank, N.A., as Master Servicer, Bayview Financial Securities Company, LLC, as Depositor, and Wachovia Bank, National Association, as Trustee.

99.4

Surety Bond Policy No. 05030016 for $13,642,000 Bayview Mortgage Pass-Through Certificates, Series 2005-B, Class 1-A5.

99.5

Servicing Agreement dated as of March 1, 2005, between Bayview Financial, L.P., and Bayview Loan Servicing, LLC, as Servicer.

Filing Compare · Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B