8-K 1 nac05ar3_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 27, 2005 NOMURA ASSET ACCEPTANCE CORPORATION Mortgage Pass-Through Certificates, Series 2005-AR3 (Exact name of registrant as specified in its charter) New York (governing law of 333-109614-13 Pooling and Servicing Agreement) (Commission 54-2176786 (State or other File Number) 54-2176787 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 December 27, 2005 a distribution was made to holders of NOMURA ASSET ACCEPTANCE CORPORATION, Mortgage Pass-Through Certificates, Series 2005-AR3 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-AR3 Trust, relating to the December 27, 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. NOMURA ASSET ACCEPTANCE CORPORATION Mortgage Pass-Through Certificates, Series 2005-AR3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AR3 Trust, relating to the December 27, 2005 distribution. EX-99.1 Nomura Securities International, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Nomura Securities International, Inc. Mortgage Pass-Through Certificates Series 2005-AR3 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

Nomura Securities International, Inc. Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Nomura Securities International, Inc. Mortgage Pass-Through Certificates Series 2005-AR3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class~~Rate ~~CUSIP~~Balance ~~Description~~R ~~Rate~~65535VMT2 ~~Balance~~0.00000% ~~Distribution~~0.00 0.00 I-A-1 65535VMJ4 ~~SEN 3~~4.~~72000~~45375% ~~234~~209,~~060~~428,~~626~~892.5346 ~~749~~829,~~774~~105.2172 I-A-2 65535VMK1 ~~SEN 3~~4.~~76000~~49375% 2623,~~006~~269,~~736~~876.2894 8492,~~204~~950.0323 II-A 65535VMF2 ~~SEN~~ 5.~~41766~~42112% 7570,~~296~~036,~~538~~544.0035 ~~339~~316,~~942~~396.7487 III-A-1 65535VMG0 ~~SEN~~ 5.~~68773~~67479% ~~125~~117,~~277~~361,~~738~~523.5804 ~~593~~555,~~788~~001.4796 III-A-2 65535VMH8 ~~SEN~~ 5.~~68773~~67479% 6,~~593~~176,~~249~~626.5355 3129,~~250~~209.5323 M1 65535VML9 ~~SUB 3~~4.~~96000~~69375% 25,034,000.00 85104,~~365~~447.9441 M2 65535VMM7 ~~SUB~~ 4.~~16000~~89375% 7,360,000.00 2632,~~365~~016.1600 M3 65535VMN5 ~~SUB~~ 4.~~26000~~99375% 6,479,000.00 2328,~~767~~759.1356 M4 65535VMP0 ~~SUB 4~~5.~~81000~~54375% 2,851,000.00 1114,~~808~~049.6809 M5 65535VMQ8 ~~SUB 5~~6.~~66000~~39375% 4,664,127.00 2226,~~732~~507.4479 X 65535VMR6 ~~SEN~~ 0.00000% 2,591,488.44 ~~639~~390,~~149~~112.7397 P 65535VMS4 ~~SEN~~ 0.00000% 100.00 32112,~~029~~047.4954 Totals ~~516~~475,~~214~~253,~~604~~178.3678 2,~~640~~530,~~178~~604.5537

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses R 0.00 0.00 0.00 0.00 0.00 I-A-1 412,~~354~~441,195.5449 0.00 ~~229~~196,~~706~~987,~~430~~696.9997 513,~~103~~270,~~969~~301.7521 0.00 I-A-2 ~~483~~1,~~799~~382,355.5005 0.00 2521,~~522~~887,~~936~~521.7889 ~~568~~1,~~003~~475,305.5328 0.00 II-A ~~725~~1,~~374~~377,956.6418 0.00 7468,~~571~~658,~~163~~588.3617 1,~~065~~694,~~317~~353.3805 0.00 III-A-1 ~~830~~1,~~501~~784,895.3410 0.00 ~~124~~115,~~447~~576,~~237~~627.2494 12,~~424~~339,~~289~~897.8106 0.00 III-A-2 4393,~~708~~937.5035 0.00 6,~~549~~082,~~541~~689.0320 74123,~~959~~146.0358 0.00 M1 0.00 0.00 25,034,000.00 85104,~~365~~447.9441 0.00 M2 0.00 0.00 7,360,000.00 2632,~~365~~016.1600 0.00 M3 0.00 0.00 6,479,000.00 2328,~~767~~759.1356 0.00 M4 0.00 0.00 2,851,000.00 1114,~~808~~049.6809 0.00 M5 0.00 0.00 4,664,127.00 2226,~~732~~507.4479 0.00 X 0.00 0.00 2,591,488.44 ~~639~~390,~~149~~112.7397 0.00 P 0.00 0.00 100.00 32112,~~029~~047.4954 0.00 Totals 617,~~437~~080,~~579~~339.5217 0.00 ~~509~~458,~~777~~172,~~024~~839.8461 919,~~077~~610,~~758~~943.0754 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion~~R ~~Loss~~0.00 ~~(1)~~0.00 0.00 0.00 0.00 0.00 I-A-1 235,530,000.00 ~~234~~209,~~060~~428,~~626~~892.5346 0.00 412,~~354~~441,195.5449 0.00 0.00 I-A-2 26,170,000.00 2623,~~006~~269,~~736~~876.2894 0.00 ~~483~~1,~~799~~382,355.5005 0.00 0.00 II-A 75,692,000.00 7570,~~296~~036,~~538~~544.0035 0.00 ~~725~~1,~~374~~377,956.6418 0.00 0.00 III-A-1 125,330,000.00 ~~125~~117,~~277~~361,~~738~~523.5804 0.00 ~~830~~1,~~501~~784,895.3410 0.00 0.00 III-A-2 6,596,000.00 6,~~593~~176,~~249~~626.5355 0.00 4393,~~708~~937.5035 0.00 0.00 M1 25,034,000.00 25,034,000.00 0.00 0.00 0.00 0.00 M2 7,360,000.00 7,360,000.00 0.00 0.00 0.00 0.00 M3 6,479,000.00 6,479,000.00 0.00 0.00 0.00 0.00 M4 2,851,000.00 2,851,000.00 0.00 0.00 0.00 0.00 M5 4,664,127.00 4,664,127.00 0.00 0.00 0.00 0.00 X 2,591,488.44 2,591,488.44 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 518,297,715.44 ~~516~~475,~~214~~253,~~604~~178.3678 0.00 617,~~437~~080,~~579~~339.5217 0.00 0.00 ~~(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal ~~Class~~ Reduction Balance Percentage Distribution R 0.00 0.00 0.000000 0.00 I-A-1 412,~~354~~441,195.5449 ~~229~~196,~~706~~987,~~430~~696.9997 0.~~97527462~~836359 412,~~354~~441,195.5449 I-A-2 ~~483~~1,~~799~~382,355.5005 2521,~~522~~887,~~936~~521.7889 0.~~97527462~~836359 ~~483~~1,~~799~~382,355.5005 II-A ~~725~~1,~~374~~377,956.6418 7468,~~571~~658,~~163~~588.3617 0.~~98519214~~907079 ~~725~~1,~~374~~377,956.6418 III-A-1 ~~830~~1,~~501~~784,895.3410 ~~124~~115,~~447~~576,~~237~~627.2494 0.~~99295649~~922178 ~~830~~1,~~501~~784,895.3410 III-A-2 4393,~~708~~937.5035 6,~~549~~082,~~541~~689.0320 0.~~99295649~~922178 4393,~~708~~937.5035 M1 0.00 25,034,000.00 1.~~00000000~~000000 0.00 M2 0.00 7,360,000.00 1.~~00000000~~000000 0.00 M3 0.00 6,479,000.00 1.~~00000000~~000000 0.00 M4 0.00 2,851,000.00 1.~~00000000~~000000 0.00 M5 0.00 4,664,127.00 1.~~00000000~~000000 0.00 X 0.00 2,591,488.44 1.~~00000000~~000000 0.00 P 0.00 100.00 1.~~00000000~~000000 0.00 Totals 617,~~437~~080,~~579~~339.5217 ~~509~~458,~~777~~172,~~024~~839.8461 0.~~98356024~~883995 617,~~437~~080,~~579~~339.5217

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~R 0.00 0.000000 0.000000 0.000000 0.000000 I-A-1 235,530,000.00 ~~993~~889.~~76141693~~181389 0.~~00000000~~000000 1852.~~48679803~~822127 0.~~00000000~~000000 I-A-2 26,170,000.00 ~~993~~889.~~76141689~~181389 0.~~00000000~~000000 1852.~~48679786~~822126 0.~~00000000~~000000 II-A 75,692,000.00 ~~994~~925.~~77537917~~283311 0.~~00000000~~000000 918.~~58324050~~204780 0.~~00000000~~000000 III-A-1 125,330,000.00 ~~999~~936.~~58300949~~420035 0.~~00000000~~000000 614.~~62651672~~241563 0.~~00000000~~000000 III-A-2 6,596,000.00 ~~999~~936.~~58300940~~420035 0.~~00000000~~000000 614.~~62651607~~241563 0.~~00000000~~000000 M1 25,034,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M2 7,360,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M3 6,479,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M4 2,851,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M5 4,664,127.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 X 2,591,488.44 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 100.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (2) All Classes are per $1,000 denomination~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution R 0.000000 0.000000 0.000000 0.000000 0.000000 I-A-1 0.~~00000000~~000000 1852.~~48679803~~822127 ~~975~~836.~~27461890~~359262 0.~~97527462~~836359 1852.~~48679803~~822127 I-A-2 0.~~00000000~~000000 1852.~~48679786~~822126 ~~975~~836.~~27461903~~359262 0.~~97527462~~836359 1852.~~48679786~~822126 II-A 0.~~00000000~~000000 918.~~58324050~~204780 ~~985~~907.~~19213867~~078531 0.~~98519214~~907079 918.~~58324050~~204780 III-A-1 0.~~00000000~~000000 614.~~62651672~~241563 ~~992~~922.~~95649278~~178472 0.~~99295649~~922178 614.~~62651672~~241563 III-A-2 0.~~00000000~~000000 614.~~62651607~~241563 ~~992~~922.~~95649333~~178472 0.~~99295649~~922178 614.~~62651607~~241563 M1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 X 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 ~~(3)~~All ~~Amount~~Classes ~~Does~~are ~~Not~~per ~~Include Excess Special Hazard~~$1,000 ~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~denomination

Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of ~~Original~~Dates ~~Current~~Days Certificate Certificate/ ~~Current~~Accrued Unpaid ~~Current~~Interest ~~Face~~Rate ~~Certificate~~ Notional ~~Accrued~~Balance Interest ~~Interest~~Shortfall ~~Class~~R ~~Amount~~N/A ~~Rate~~N/A ~~Balance~~0.00000% ~~Interest~~0.00 ~~Shortfall~~0.00 ~~Shortfall~~0.00 I-A-1 ~~235,530,000.00~~11/25/05 3- 12/26/05 32 4.~~72000~~45375% ~~234~~209,~~060~~428,~~626~~892.5346 ~~749~~829,~~774~~105.2172 0.00 ~~0.00~~ I-A-2 11/25/05 - 12/26~~,170,000.00~~/05 332 4.~~76000~~49375% 2623,~~006~~269,~~736~~876.2894 8492,~~204~~950.0323 0.00 ~~0.00~~ II-A ~~75,692,000.00~~11/01/05 - 11/30/05 30 5.~~41766~~42112% 7570,~~296~~036,~~538~~544.0035 ~~339~~316,~~942~~396.7487 0.00 ~~0.00~~ III-A-1 ~~125,330,000.00~~11/01/05 - 11/30/05 30 5.~~68773~~67479% ~~125~~117,~~277~~361,~~738~~523.5804 ~~593~~555,~~788~~001.4796 0.00 ~~0.00~~ III-A-2 ~~6,596,000.00~~11/01/05 - 11/30/05 30 5.~~68773~~67479% 6,~~593~~176,~~249~~626.5355 3129,~~250~~209.5323 0.00 ~~0.00~~ M1 11/25~~,034,000.00~~/05 3- 12/26/05 32 4.~~96000~~69375% 25,034,000.00 85104,~~365~~447.9441 0.00 ~~0.00~~ M2 ~~7,360,000.00~~11/25/05 - 12/26/05 32 4.~~16000~~89375% 7,360,000.00 2632,~~365~~016.~~16 0.~~00 0.00 M3 ~~6,479,000.00~~11/25/05 - 12/26/05 32 4.~~26000~~99375% 6,479,000.00 2328,~~767~~759.1356 0.00 ~~0.00~~ M4 ~~2,851,000.00~~11/25/05 4- 12/26/05 32 5.~~81000~~54375% 2,851,000.00 1114,~~808~~049.6809 0.00 ~~0.00~~ M5 ~~4,664,127.00~~11/25/05 5- 12/26/05 32 6.~~66000~~39375% 4,664,127.00 2226,~~732~~507.4479 0.00 ~~0.00~~ X ~~2,591,488.44~~N/A N/A 0.00000% ~~516~~475,~~214~~253,~~504~~078.3678 0.00 0.00 ~~0.00~~ P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ Totals ~~518~~2,~~297~~028,~~715~~443.4486 ~~1,968,999.33~~ 0.00 ~~0.00~~

Interest Distribution Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total ~~Unpaid~~Remaining ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Unpaid Interest Certificate/Notional ~~Class~~ Shortfall ~~Losses~~ (41) Shortfall Distribution Shortfall(2) Balance R 0.00 0.00 0.00 0.00 0.00 I-A-1 0.00 0.00 ~~749~~829,~~774~~105.2172 0.00 ~~229~~196,~~706~~987,~~430~~696.9997 I-A-2 0.00 0.00 8492,~~204~~950.0323 0.00 2521,~~522~~887,~~936~~521.7889 II-A 0.00 0.00 ~~339~~316,~~942~~396.7487 0.00 7468,~~571~~658,~~163~~588.3617 III-A-1 0.00 0.00 ~~593~~555,~~788~~001.4796 0.00 ~~124~~115,~~447~~576,~~237~~627.2494 III-A-2 0.00 0.00 3129,~~250~~209.5323 0.00 6,~~549~~082,~~541~~689.0320 M1 0.00 0.00 85104,~~365~~447.9441 0.00 25,034,000.00 M2 0.00 0.00 2632,~~365~~016.1600 0.00 7,360,000.00 M3 0.00 0.00 2328,~~767~~759.1356 0.00 6,479,000.00 M4 0.00 0.00 1114,~~808~~049.6809 0.00 2,851,000.00 M5 0.00 0.00 2226,~~732~~507.4479 0.00 4,664,127.00 X 0.00 0.00 ~~639~~390,~~149~~112.7397 0.00 ~~509~~458,~~776~~172,~~924~~739.8461 P 0.00 0.00 32112,~~029~~047.4954 0.00 100.00 Totals 0.00 0.00 2,~~640~~530,~~178~~604.5537 0.00 (41,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~ or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~applicable

Interest Distribution Factors Statement ~~Beginning~~Class ~~Payment~~Accrual of Original Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of Dates Face Certificate Certificate/Notional Accrued ~~Interest~~Unpaid Interest ~~Class (5)~~ Amount Rate Balance Interest Shortfall ~~Shortfall~~R N/A 0.00 0.00000% 0.000000 0.000000 0.000000 I-A-1 11/25/05 - 12/26/05 235,530,000.00 34.~~72000~~45375% ~~993~~889.~~76141693~~181389 3.~~18334909~~520170 0.~~00000000~~000000 ~~0.00000000~~ I-A-2 11/25/05 - 12/26/05 26,170,000.00 34.~~76000~~49375% ~~993~~889.~~76141689~~181389 3.~~21757853~~551786 0.~~00000000~~000000 ~~0.00000000~~ II-A 11/01/05 - 11/30/05 75,692,000.00 5.~~41766~~42112% ~~994~~925.~~77537917~~283311 4.~~49113169~~180057 0.~~00000000~~000000 ~~0.00000000~~ III-A-1 11/01/05 - 11/30/05 125,330,000.00 5.~~68773~~67479% ~~999~~936.~~58300949~~420035 4.~~73779997~~428325 0.~~00000000~~000000 ~~0.00000000~~ III-A-2 11/01/05 - 11/30/05 6,596,000.00 5.~~68773~~67479% ~~999~~936.~~58300940~~420035 4.~~73780018~~428325 0.~~00000000~~000000 ~~0.00000000~~ M1 11/25/05 - 12/26/05 25,034,000.00 34.~~96000~~69375% 1000.~~00000000~~000000 34.~~41000000~~172222 0.~~00000000~~000000 ~~0.00000000~~ M2 11/25/05 - 12/26/05 7,360,000.00 4.~~16000~~89375% 1000.~~00000000~~000000 34.~~58222283~~350000 0.~~00000000~~000000 ~~0.00000000~~ M3 11/25/05 - 12/26/05 6,479,000.00 4.~~26000~~99375% 1000.~~00000000~~000000 34.~~66833308~~438889 0.~~00000000~~000000 ~~0.00000000~~ M4 11/25/05 - 12/26/05 2,851,000.00 45.~~81000~~54375% 1000.~~00000000~~000000 4.~~14194318~~927776 0.~~00000000~~000000 ~~0.00000000~~ M5 11/25/05 - 12/26/05 4,664,127.00 56.~~66000~~39375% 1000.~~00000000~~000000 45.~~87388958~~683334 0.~~00000000~~000000 ~~0.00000000~~ X N/A 2,591,488.44 0.00000% ~~199196~~183390.~~14395810~~005313 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 0.00000000 (5) All Classes are per $1,000 denomination~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance R 0.000000 0.000000 0.000000 0.000000 0.000000 I-A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~18334909~~520170 0.~~00000000~~000000 ~~975~~836.~~27461890~~359262 I-A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~21757853~~551786 0.~~00000000~~000000 ~~975~~836.~~27461903~~359262 II-A 0.~~00000000~~000000 0.~~00000000~~000000 4.~~49113169~~180057 0.~~00000000~~000000 ~~985~~907.~~19213867~~078531 III-A-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~73779997~~428325 0.~~00000000~~000000 ~~992~~922.~~95649278~~178472 III-A-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~73780018~~428325 0.~~00000000~~000000 ~~992~~922.~~95649333~~178472 M1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~41000000~~172222 0.~~00000000~~000000 1000.~~00000000~~000000 M2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~58222283~~350000 0.~~00000000~~000000 1000.~~00000000~~000000 M3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~66833308~~438889 0.~~00000000~~000000 1000.~~00000000~~000000 M4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~14194318~~927776 0.~~00000000~~000000 1000.~~00000000~~000000 M5 0.~~00000000~~000000 0.~~00000000~~000000 45.~~87388958~~683334 0.~~00000000~~000000 1000.~~00000000~~000000 X 0.~~00000000~~000000 0.~~00000000~~000000 ~~246~~150.~~63421999~~536257 0.~~00000000~~000000 ~~196712~~176799.~~01961449~~067493 P 0.~~00000000~~000000 0.~~00000000~~000000 ~~320294~~1120475.~~90000000~~400000 0.~~00000000~~000000 1000.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~All ~~Refer~~Classes toare ~~the~~per ~~Prospectus~~$1,000 ~~Supplement for a Full Description.~~denomination

~~CERTIFICATEHOLDER~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~9,151,035.15~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,419.26 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 32,029.49 Total Deposits 9,194,483.90 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 116,725.83 Payment of Interest and Principal 9,077,758.07 Total Withdrawals (Pool Distribution Amount) 9,194,483.90 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~110~~101,~~273~~561.1516 Credit Risk Management Fee, The Murrayhill Company 65,~~452~~940.6866 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~116~~107,~~725~~501.8382 *Servicer Payees include: GMAC MTG CORP

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Reserve Fund 0.00 ~~973~~6,606.3057 ~~973~~6,606.3057 0.00 Reserve Fund 100.00 0.00 0.00 100.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofCoupon ~~Loans~~Rate No6.378222% ofWeighted ~~Loans~~Average NoNet ofRate ~~Loans~~6.121783% NoWeighted ofAverage ~~Loans~~Pass NoThrough ofRate ~~Loans~~6.106782% ~~Principal~~Weighted ~~Balance~~Average ~~Principal~~Remaining ~~Balance~~Term ~~Principal~~352 ~~Balance~~Record ~~Principal~~Date ~~Balance~~11/30/2005 Principal ~~Balance~~and ~~0-29~~Interest ~~Days~~Constant ~~0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7~~ 2,~~222~~616,~~753~~590.0082 ~~0.00~~Beginning ~~0.00~~Loan ~~0.00~~Count 21,~~222,753.00~~808 60Loans ~~Days~~Paid 0in 0Full 056 0Ending 0Loan ~~0.00~~Count ~~0.00~~1,752 ~~0.00~~Beginning ~~0.00~~Scheduled ~~0.00~~Balance ~~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 7 0 0 0 7 2~~475,~~222~~253,~~753~~078.0078 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Balance 2458,~~222~~172,~~753~~739.0061 NoEnding ofActual ~~Loans No of Loans No of Loans No of Loans No of Loans Principal~~ Balance ~~Principal~~at ~~Balance Principal Balance Principal Balance Principal Balance 0~~30-29Nov-2005 ~~Days 0~~458,266,173.~~000000%~~31 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 091,270.~~000000%~~12 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 016,989,069.~~000000%~~05 ~~0.000000%~~Scheduled 30Interest ~~Days 0~~2,525,320.~~364204%~~70 ~~0.000000%~~Servicing ~~0.000000%~~Fee 0101,561.~~000000%~~16 ~~0.364204%~~Master ~~0.435958%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 ~~0.000000%~~Trustee ~~0.435958%~~Fee ~~60 Days~~ 0.~~000000%~~00 ~~0.000000%~~FRY ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Special ~~0.000000%~~Hazard ~~0.000000%~~Fee 0.~~000000%~~00 ~~0.000000%~~Other ~~0.000000%~~Fee ~~90 Days 0~~5,940.~~000000%~~66 ~~0.000000%~~Pool ~~0.000000%~~Insurance ~~0.000000%~~Fee 0.~~000000%~~00 ~~0.000000%~~Spread ~~0.000000%~~1 0.~~000000%~~00 ~~0.000000%~~Spread ~~0.000000%~~2 ~~120 Days~~ 0.~~000000%~~00 ~~0.000000%~~Spread ~~0.000000%~~3 0.~~000000%~~00 ~~0.000000%~~Net ~~0.000000%~~Interest 02,417,818.~~000000%~~88 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount ~~150 Days~~ 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 ~~0.000000%~~Percentage ~~0.000000%~~of ~~0.000000%~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~0000 ~~180+~~Special ~~Days~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~Totals~~Count 0~~.364204%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.364204%~~Amount 0112,047.~~435958%~~54 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.435958%~~Count 14

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group GROUP 1 NoGROUP of2 ~~Loans~~GROUP No3 ofCollateral ~~Loans~~Description NoMixed ofARM ~~Loans~~Mixed NoARM ofMixed ~~Loans~~ARM NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~6.00813796 05.00686117 ~~0.00 0.00 30 Days~~ 5 ~~0 0 0 5 1,548,753~~.00939793 ~~0.00~~Weighted ~~0.00~~Average ~~0.00~~Net ~~1,548,753.00~~Rate ~~60 Days 0 0 0 0 0 0~~6.00552026 05.00436117 05.00689793 ~~0.00~~Weighted ~~0.00~~Average 90Remaining ~~Days~~Term 0352 0352 0353 0Beginning 0Loan ~~0.00~~Count ~~0.00~~985 ~~0.00~~263 ~~0.00~~560 ~~0.00~~Loans ~~120~~Paid ~~Days~~In 0Full 044 04 08 0Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~941 ~~0.00~~259 ~~0.00~~552 ~~150~~Beginning ~~Days~~Scheduled 0Balance ~~0 0 0 0 0~~260,011,204.0028 077,936,341.0034 0137,305,533.0016 ~~0.00~~Ending ~~0.00~~Scheduled ~~180+~~Balance ~~Days 0 0 0 0 0 0~~246,187,653.0074 ~~0.00 0.00 0.00 0.00 Totals 5 0 0 0 5 1~~76,~~548~~558,~~753~~385.0016 ~~0.00 0.00 0.00 1~~135,~~548~~426,~~753~~700.0071 ~~0-29~~Record ~~Days~~Date ~~0.000000%~~11/30/2005 ~~0.000000%~~11/30/2005 ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 11/30/2005 ~~Days~~Principal ~~0.468165%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 01,531,397.~~000000%~~67 0382,498.~~468165%~~95 0702,694.~~548049%~~20 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 055,011.~~000000%~~67 013,202.~~548049%~~99 ~~60 Days 0~~23,055.~~000000%~~46 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 013,768,538.~~000000%~~87 01,364,753.~~000000%~~19 01,855,776.~~000000%~~99 ~~0.000000%~~Scheduled ~~0.000000%~~Interest 01,476,386.~~000000%~~00 0369,295.~~000000%~~96 ~~90 Days 0~~679,638.~~000000%~~74 ~~0.000000%~~Servicing ~~0.000000%~~Fee 056,719.~~000000%~~10 016,236.~~000000%~~74 028,605.~~000000%~~32 ~~0.000000%~~Master ~~0.000000%~~Servicing ~~0.000000%~~Fee 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 0.468165% 0.000000% 0.000000% 0.000000% 0.468165% 0.548049% 0.000000% 0.000000% 0.000000% 0.548049% 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 0 0 0 0 0.00 0.00 0.00 ~~0.00~~Trustee 30Fee ~~Days 2~~ 0 ~~0 0 2 674,000~~.00 0.00 0.00 ~~0.00~~FRY ~~674,000.00~~Amount ~~60 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Special ~~0.00~~Hazard 90Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~120 Days 0 0 0 0 0 0~~3,250.0014 0974.0020 01,716.0032 ~~0.00~~Pool ~~0.00~~Insurance ~~150~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00 Totals~~ 2 0 ~~0 0 2 674,000~~.00 0.00 0.00 ~~0.00~~Spread 674,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.729927% 0.000000% 0.000000% 0.000000% 0.729927% 0.817151% 0.000000% 0.000000% 0.000000% 0.817151% 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 0.729927% 0.000000% 0.000000% 0.000000% 0.729927% 0.817151% 0.000000% 0.000000% 0.000000% 0.817151% 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~~Net 30Interest ~~Days~~1,416,416.76 0352,085.02 0649,317.10 0Realized 0Loss 0Amount 0.00 0.00 0.00 ~~0.00~~Cumulative ~~0.00~~Realized 60Loss ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Percentage ~~0.00~~of 90Cumulative ~~Days~~Losses 0 ~~0 0 0 0 0~~.000000 0.000000 0.000000 ~~0.00~~Prepayment ~~0.00~~Penalty ~~120~~Waived ~~Days~~Amount 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~150~~Waived ~~Days~~Count 0 0 0 0Prepayment 0Penalty ~~0.00~~Paid ~~0.00~~Amount ~~0.00~~Not ~~0.00~~Available ~~0.00~~Not ~~180+~~Available ~~Days~~Not 0Available 0Prepayment 0Penalty 0Paid 0Count ~~0.00~~Not ~~0.00~~Available ~~0.00~~Not ~~0.00~~Available ~~0.00~~Not ~~Totals~~Available 0Special 0Servicing 0Fee 0 ~~0 0~~.00 0.00 0.00 ~~0.00 0.00 0~~Pass-29Through ~~Days~~Rate 06.~~000000%~~537026 05.~~000000%~~421117 05.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%674793

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group ATotal ~~Insufficient~~Collateral ~~Funds~~Description Mixed ARM Weighted Average Coupon Rate 6.378222 Weighted Average Net Rate 6.121783 Weighted Average Remaining Term 352 Beginning Loan Count 1,808 Loans Paid In Full 56 Ending Loan Count 1,752 Beginning Scheduled Balance 475,253,078.78 Ending scheduled Balance 458,172,739.61 Record Date 11/30/2005 Principal And Interest Constant 2,616,590.82 Scheduled Principal 91,270.12 Unscheduled Principal 16,989,069.05 Scheduled Interest 2,525,320.70 Servicing Fee 101,561.16 Master Servicing Fee 0.00 ~~Principal~~Trustee ~~Balance~~Fee of0.00 ~~Contaminated~~FRY ~~Properties~~Amount 0.00 ~~Periodic~~Special ~~Advance~~Hazard 11Fee 0.00 Other Fee 5,~~419~~940.2666 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,417,818.88 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 112047.54 Prepayment Penalty Paid Count 14 Special Servicing Fee 0.00 Pass-Through Rate 6.106782

~~SUBORDINATION~~LOAN ~~LEVEL~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~/CLASS~~ ~~PERCENTAGE~~STATEMENT ~~AND~~DELINQUENT ~~PREPAYMENT~~BANKRUPTCY ~~PERCENTAGE~~FORECLOSURE ~~Current~~REO ~~Original~~TOTAL $No ~~Original~~of %Loans ~~Current~~No $of ~~Current~~Loans %No ~~Class%~~of ~~Prepayment%~~Loans ~~Class~~No ~~IA2~~of ~~256~~Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 176,~~597~~000.00 0.00 0.00 176,~~715~~000.4400 4930 Days 15 0 0 0 15 3,914,487.~~50778443%~~59 ~~254~~0.00 0.00 0.00 3,~~547~~914,~~657~~487.0759 4960 Days 1 1 1 0 3 87,140.~~93314618%~~52 55,736.60 467,007.19 0.00 609,884.31 90 Days 0 0 6 0 6 0.00 0.00 2,497,260.52 0.00 2,497,260.52 120 Days 5 0 1 0 6 1,681,711.~~006687%~~07 0.~~000000%~~00 ~~Class~~130,900.00 2A0.00 1,812,611.07 150 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 21 2 8 0 31 5,~~905~~683,~~715~~339.4418 34231,736.~~90382269%~~60 ~~179~~3,~~976~~095,~~493~~167.71 350.~~30495104~~00 9,010,243.49 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 0.057078% 140.~~628195~~000000% 0.000000% ~~Class~~0.057078% ~~M-1~~0.038406% ~~23,945,715~~0.44000000% 40.~~62006965~~000000% ~~23,945,715~~0.44038406% 430 Days 0.~~69729293~~856164% 40.~~910775~~000000% 0.000000% ~~Class~~0.000000% ~~M-2~~0.856164% ~~16,585,715~~0.44854195% 30.~~20003638~~000000% ~~16,585,715~~0.44000000% 30.~~25352417~~000000% 10.~~443769~~854195% 60 Days 0.057078% 0.057078% 0.057078% 0.000000% ~~Class~~0.171233% ~~M-3~~0.019015% ~~10,106,715~~0.44012162% 10.~~94998263~~101907% ~~10,106,715~~0.44000000% 10.~~98257609~~133085% 190 Days 0.~~270948~~000000% 0.000000% ~~Class~~0.342466% ~~M-4~~0.000000% ~~7,255,715~~0.44342466% 10.~~39991268~~000000% ~~7,255,715~~0.44000000% 10.~~42331186~~544937% 0.~~559264~~000000% 0.544937% 120 Days 0.285388% 0.000000% ~~Class~~0.057078% X0.000000% ~~100~~0.00342466% 0.~~00001929~~366973% ~~100~~0.00000000% 0.~~00001962~~028564% 0.~~508357~~000000% 0.395537% 150 Days 0.000000% ~~Class~~0.000000% P0.000000% 0.00000000% 0.~~00000000~~000000% 0.00000000% 0.~~00000000~~000000% 0.~~000020~~000000% 0.000000% ~~Please~~0.000000% ~~Refer~~180+ toDays ~~the~~0.000000% ~~Prospectus~~0.000000% ~~Supplement~~0.000000% ~~for~~0.000000% a0.000000% ~~Full~~0.000000% ~~Description~~0.000000% of0.000000% ~~Loss~~0.000000% ~~Exposure~~0.000000% Totals 1.198630% 0.114155% 0.456621% 0.000000% 1.769406% 1.240183% 0.050568% 0.675408% 0.000000% 1.966159%

~~Summary~~OTHER 12INFORMATION ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000%~~ Current ~~Principal~~Period ~~Balance~~Class ~~0.00~~A ~~Nov-04~~Insufficient ~~0.000%~~Funds ~~Dec-04~~ 0.~~000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05 0.000% Current~~ Principal Balance ~~0.00~~of ~~Apr-05~~Contaminated ~~0.000%~~Properties ~~May-05~~ 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. GROUP 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 ~~Oct-04~~Periodic ~~0.000%~~Advance ~~Current Principal Balance 0~~143,199.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. GROUP 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. GROUP 3 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.96

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 02 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0775,000.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0772,261.0058 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 08 ~~Feb~~Jun-05 0.000% Original Principal Balance 03,101,900.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 03,095,167.0071 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.~~000~~044% ~~Jun~~Oct-05 0.~~000~~251% ~~Jul~~Nov-05 0.~~000~~792% ~~Aug~~Dec-05 0.~~000~~675% *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 02 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0775,000.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0772,261.0058 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 07 ~~Feb~~Jun-05 0.000% Original Principal Balance 02,751,900.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 02,745,167.0071 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.~~000~~079% ~~Jun~~Oct-05 0.~~000~~455% ~~Jul~~Nov-05 01.~~000~~178% ~~Aug~~Dec-05 01.~~000~~115% *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 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~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 3 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 01 ~~Feb~~Jun-05 0.000% Original Principal Balance 0350,000.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0350,000.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.~~000~~511% ~~Aug~~Dec-05 0.~~000~~258% *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 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 NoGROUP ~~Foreclosure~~1 ~~loans~~0000141392 ~~this~~Nov-2005 ~~period~~01-Apr-2005 CT 80.00 486,400.00 GROUP 1 0000145989 Dec-2005 01-Apr-2005 NY 69.48 469,000.00 GROUP 1 0000146398 Nov-2005 01-Apr-2005 NY 85.00 306,000.00 GROUP 1 0000152947 Dec-2005 01-May-2005 NY 80.00 306,000.00 GROUP 1 0000159482 Nov-2005 01-May-2005 CA 80.00 453,600.00 GROUP 1 0000159487 Nov-2005 01-May-2005 CA 80.00 600,000.00 GROUP 1 0000161152 Oct-2005 01-Apr-2005 MN 70.00 130,900.00 GROUP 3 0000153170 Nov-2005 01-May-2005 NY 77.78 350,000.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGROUP ~~Foreclosure~~1 ~~loans~~0000141392 ~~this~~486,400.00 ~~period~~01-Jul-2005 3 7.375% 14,440.00 GROUP 1 0000145989 467,007.19 01-Aug-2005 2 6.875% 10,299.59 GROUP 1 0000146398 304,742.87 01-Jul-2005 3 8.250% 8,775.08 GROUP 1 0000152947 305,254.39 01-Jul-2005 3 7.125% 8,729.91 GROUP 1 0000159482 452,421.77 01-Jul-2005 3 7.500% 12,795.57 GROUP 1 0000159487 598,441.49 01-Jul-2005 3 7.500% 16,925.33 GROUP 1 0000161152 130,900.00 01-Jun-2005 4 6.000% 3,763.38 GROUP 3 0000153170 350,000.00 01-Jul-2005 3 5.875% 8,203.10

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Mixed~~History* ~~ARM~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Coupon~~Month ~~Rate~~Bankruptcy 6Percentage Loans in Bankruptcy 1 Jan-05 0.~~334284~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Rate~~55,900.00 6Feb-05 0.~~077942~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance ~~Through~~55,736.60 ~~Rate~~Mar-05 60.~~062942~~000% ~~Weighted~~Apr-05 ~~Average~~0.000% ~~Maturity~~Current ~~355~~Bankruptcy ~~Record~~Total ~~Date~~May-05 ~~07/29/2005~~0.000% ~~Principal~~Loans ~~and~~in ~~Interest~~Bankruptcy ~~Constant~~ 2 Jun-05 0.000% Original Principal Balance 231,~~823,656~~900.3900 ~~Beginning~~Jul-05 ~~Loan~~0.000% ~~Count~~Current 1Principal Balance 231,~~951~~736.60 ~~Loans~~Aug-05 ~~Paid~~0.000% Sep-05 0.000% Oct-05 0.036% Nov-05 0.037% Dec-05 0.051% *The text reported in ~~Full~~the 29above ~~Ending~~table ~~Loan~~is ~~Count~~presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. GROUP 1~~,922~~ ~~Beginning~~12 ~~Scheduled~~Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 1 Jan-05 0.000% Original Principal Balance ~~516~~55,~~214,504~~900.3600 ~~Ending~~Feb-05 ~~Scheduled~~0.000% Current Principal Balance ~~509~~55,~~776,924~~736.8460 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Balance~~Apr-05 at0.000% 29Current Bankruptcy Total May-~~Jul~~05 0.000% Loans in Bankruptcy 1 Jun-~~2005~~05 ~~509,854,790~~0.43000% ~~Scheduled~~Original Principal 98Balance 55,~~781~~900.8400 ~~Unscheduled~~Jul-05 0.000% Current Principal 6Balance 55,~~338,797~~736.6860 ~~Scheduled~~Aug-05 ~~Interest~~0.000% ~~2,724,874~~Sep-05 0.55000% ~~Servicing~~Oct-05 ~~Fee~~0.000% ~~110,273~~Nov-05 0.15000% ~~Master~~Dec-05 ~~Servicing~~0.023% ~~Fee~~*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 0 Jan-05 0.00000% ~~Trustee~~Original ~~Fee~~Principal Balance 0.00 ~~FRY~~Feb-05 ~~Amount~~0.000% Current Principal Balance 0.00 ~~Special~~Mar-05 ~~Hazard~~0.000% ~~Fee~~Apr-05 0.00000% ~~Other~~Current ~~Fee~~Bankruptcy ~~6,452~~Total May-05 0.68000% ~~Pool~~Loans ~~Insurance~~in ~~Fee~~Bankruptcy 0 Jun-05 0.00000% ~~Spread~~Original 1Principal Balance 0.00 ~~Spread~~Jul-05 20.000% Current Principal Balance 0.00 ~~Spread~~Aug-05 30.000% Sep-05 0.00000% ~~Net~~Oct-05 ~~Interest~~0.000% ~~2,608,148~~Nov-05 0.72000% ~~Realized~~Dec-05 ~~Loss~~0.000% ~~Amount~~*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 ~~Cumulative~~Feb-05 ~~Realized~~0.000% ~~Loss~~Current Principal Balance 0.00 ~~Percentage~~Mar-05 of0.000% ~~Cumulative~~Apr-05 ~~Losses~~0.000% Current Bankruptcy Total May-05 0.~~0000~~000% ~~Special~~Loans ~~Servicing~~in ~~Fee~~Bankruptcy 1 Jun-05 0.000% Original Principal Balance 176,000.00 ~~Prepayment~~Jul-05 ~~Penalties~~0.000% 32Current Principal Balance 176,~~029~~000.4900 Aug-05 0.000% Sep-05 0.000% Oct-05 0.127% Nov-05 0.128% Dec-05 0.130% *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~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~GROUP~~Loans 1in ~~GROUP~~Bankruptcy 2during ~~GROUP~~Current 3Period ~~Collateral~~Group ~~Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.716291 5.682664 5.952733 Weighted Average Net Rate 6.454898 5.432664 5.702733 Weighted Average Maturity 355 355 356 Beginning~~ Loan ~~Count~~Month ~~1,090 277 584 Loans Paid In Full 22 3 4 Ending~~ Loan ~~Count~~First ~~1,068~~State ~~274~~LTV ~~580~~at ~~Beginning~~Original ~~Scheduled~~Number ~~Balance~~Entered ~~287,379,797.69~~Payment ~~83,196,334.99~~Origination ~~145,638,371.68~~Principal ~~Ending~~Bankruptcy ~~Scheduled~~Date Balance ~~282,541,802.65~~GROUP ~~82,470,960.35~~1 ~~144,764,161.84~~0000152958 ~~Record Date 07/29/~~Dec-2005 ~~07/29/~~01-May-2005 ~~07/29/2005~~OH ~~Principal And Interest Constant 1,670,633~~79.0897 ~~406~~55,~~901~~900.92 746,121.39 Scheduled Principal 62,194.47 12,921.23 23,666.14 Unscheduled Principal 4,775,800.57 712,453.41 850,543.70 Scheduled Interest 1,608,438.61 393,980.69 722,455.25 Servicing Fees 62,599.25 17,332.57 30,341.33 Master Servicing Fees 0.00 ~~0.00~~GROUP ~~0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee~~ 3~~,592.25~~ ~~1,039.95~~0000153318 ~~1,820.48~~Oct-2005 ~~Pool~~01-Apr-2005 ~~Insurance~~CO ~~Fee 0~~80.00 ~~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~~176,~~542,247~~000.~~11 375,608.17 690,293.44 Realized Loss Amount 0.~~00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.439898 5.417664 5.687733

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Total~~Loans ~~Collateral~~in ~~Description~~Bankruptcy ~~Mixed~~during ~~ARM~~Current ~~Weighted~~Period ~~Average~~(continued) ~~Coupon~~Group ~~Rate~~Loan ~~6.334284~~Current ~~Weighted~~Paid ~~Average~~To ~~Net~~Months ~~Rate~~Current ~~6.077942~~Approximate ~~Weighted~~Number ~~Average~~Principal ~~Maturity~~Date ~~355~~Delinquent ~~Beginning~~ Loan ~~Count~~Rate ~~1,951~~Delinquent ~~Loans~~Balance ~~Paid~~Interest InGROUP ~~Full 29 Ending Loan Count~~ 1~~,922~~ ~~Beginning~~0000152958 ~~Scheduled Balance 516~~55,~~214,504~~736.3660 ~~Ending scheduled Balance 509,776,924.84 Record Date 07/29/~~01-Aug-2005 ~~Principal And Interest Constant~~ 2~~,823,656.39~~ ~~Scheduled Principal 98,781~~7.84625% ~~Unscheduled Principal 6~~1,~~338,797~~368.6866 ~~Scheduled~~GROUP ~~Interest~~3 ~~2,724,874.55~~0000153318 ~~Servicing Fees 110~~176,~~273~~000.~~15 Master Servicing Fees 0.~~00 ~~Trustee~~01-Nov-2005 ~~Fee~~ 0~~.00~~ ~~FRY Amount 0~~5.00625% ~~Special Hazard Fee 0.00 Other Fee 6,452.68 Pool Insurance Fee 0.00 Spread~~ 1 ~~0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2~~,~~608,148~~576.~~72 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.062942~~66

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance GROUP 1 22 4,753,598.00 4,749,211.03 0 0.00 0.00 GROUP 2 3 707,800.00 707,800.00 0 0.00 0.00 GROUP 3 4 821,792.00 820,186.98 0 0.00 0.00 Total 29 6,283,190.00 6,277,198.01 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount GROUP 1 0 0.00 0.00 0 0.00 0.00 27,926.29 GROUP 2 0 0.00 0.00 0 0.00 0.00 4,653.41 GROUP 3 0 0.00 0.00 0 0.00 0.00 30,850.88 Total 0 0.00 0.00 0 0.00 0.00 63,430.58

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount GROUP 1 0000126267 NJ 80.00 01-Oct-2004 178,400.00 176,602.89 GROUP 1 0000127199 PA 80.00 01-May-2005 92,000.00 92,000.00 GROUP 1 0000136186 NJ 90.00 01-Mar-2005 348,894.00 348,893.99 GROUP 1 0000140997 MD 80.00 01-Mar-2005 164,400.00 164,400.00 GROUP 1 0000141202 MN 80.00 01-Apr-2005 124,800.00 124,800.00 GROUP 1 0000151475 NJ 75.00 01-Apr-2005 62,250.00 62,038.34 GROUP 1 0000151577 FL 80.00 01-Apr-2005 224,000.00 224,000.00 GROUP 1 0000151613 NJ 90.00 01-Apr-2005 151,470.00 151,470.00 GROUP 1 0000159304 MD 80.00 01-May-2005 176,000.00 176,000.00 GROUP 1 0000159523 NV 80.00 01-Jun-2005 208,000.00 207,446.40 GROUP 1 0000159651 FL 100.00 01-Apr-2005 224,500.00 224,500.00 GROUP 1 0000159666 FL 95.00 01-May-2005 227,050.00 227,050.00 GROUP 1 0000159719 FL 90.00 01-May-2005 310,500.00 310,500.00 GROUP 1 0000159805 FL 90.00 01-May-2005 176,400.00 175,787.34 GROUP 1 0000161296 FL 90.00 01-May-2005 218,610.00 217,850.75 GROUP 1 0000161378 FL 100.00 01-May-2005 163,074.00 163,074.00 GROUP 1 0000161423 SC 90.00 01-May-2005 97,200.00 97,200.00 GROUP 1 0000161534 VA 79.99 01-Apr-2005 202,300.00 202,300.00 GROUP 1 0000171377 CA 80.00 01-May-2005 640,600.00 638,810.57 GROUP 1 0000173499 MD 80.00 01-Jun-2005 400,000.00 400,000.00 GROUP 1 0000173521 VA 80.00 01-Jun-2005 212,000.00 212,000.00 GROUP 1 0000177116 NV 79.98 01-Jun-2005 151,150.00 151,150.00 GROUP 2 0000153208 FL 79.98 01-Apr-2005 89,500.00 89,500.00 GROUP 2 0000153215 FL 79.98 01-May-2005 106,300.00 106,300.00 GROUP 2 0000153327 NV 80.00 01-Apr-2005 512,000.00 512,000.00 GROUP 3 0000151463 GA 62.32 01-Apr-2005 302,250.00 302,250.00 GROUP 3 0000153153 NY 75.00 01-Apr-2005 142,500.00 141,864.41 GROUP 3 0000159238 FL 65.00 01-May-2005 115,192.00 114,706.26 GROUP 3 0000161286 WV 80.00 01-May-2005 261,850.00 260,872.15

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning GROUP 1 0000126267 Loan Paid in Full 0 6.750% 360 10 GROUP 1 0000127199 Loan Paid in Full 0 8.250% 360 3 GROUP 1 0000136186 Loan Paid in Full 0 7.500% 360 5 GROUP 1 0000140997 Loan Paid in Full 0 6.250% 360 5 GROUP 1 0000141202 Loan Paid in Full 0 7.750% 360 4 GROUP 1 0000151475 Loan Paid in Full 0 8.000% 360 4 GROUP 1 0000151577 Loan Paid in Full 0 7.250% 360 4 GROUP 1 0000151613 Loan Paid in Full 0 7.250% 360 4 GROUP 1 0000159304 Loan Paid in Full 0 7.000% 360 3 GROUP 1 0000159523 Loan Paid in Full 0 6.625% 360 2 GROUP 1 0000159651 Loan Paid in Full 0 7.000% 360 4 GROUP 1 0000159666 Loan Paid in Full 0 7.250% 360 3 GROUP 1 0000159719 Loan Paid in Full 0 7.000% 360 3 GROUP 1 0000159805 Loan Paid in Full 0 6.750% 360 3 GROUP 1 0000161296 Loan Paid in Full 0 6.750% 360 3 GROUP 1 0000161378 Loan Paid in Full (1) 6.875% 360 3 GROUP 1 0000161423 Loan Paid in Full 0 7.875% 360 3 GROUP 1 0000161534 Loan Paid in Full 0 7.875% 360 4 GROUP 1 0000171377 Loan Paid in Full 0 6.375% 360 3 GROUP 1 0000173499 Loan Paid in Full (1) 7.750% 360 2 GROUP 1 0000173521 Loan Paid in Full 0 7.000% 360 2 GROUP 1 0000177116 Loan Paid in Full 0 5.750% 360 2 GROUP 2 0000153208 Loan Paid in Full 0 5.875% 360 4 GROUP 2 0000153215 Loan Paid in Full 0 5.750% 360 3 GROUP 2 0000153327 Loan Paid in Full 0 5.750% 360 4 GROUP 3 0000151463 Loan Paid in Full (1) 6.375% 360 4 GROUP 3 0000153153 Loan Paid in Full 0 6.625% 360 4 GROUP 3 0000159238 Loan Paid in Full 0 5.875% 360 3 GROUP 3 0000161286 Loan Paid in Full 0 6.375% 360 3

Summary SMM CPR PSA Current Month 1.228% Current Month 13.782% Current Month 1,939.125% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 4.500% N/A Jul-2005 881.124% N/A Aug-2005 13.782% N/A Aug-2005 1,939.125% 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 1.662% Current Month 18.220% Current Month 2,548.169% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 6.330% N/A Jul-2005 1,229.825% N/A Aug-2005 18.220% N/A Aug-2005 2,548.169% 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 0.856% Current Month 9.807% Current Month 1,368.970% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 5.357% N/A Jul-2005 1,036.468% N/A Aug-2005 9.807% N/A Aug-2005 1,368.970% 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 0.584% Current Month 6.788% Current Month 970.957% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 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 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.259% N/A Jul-2005 51.863% N/A Aug-2005 6.788% N/A Aug-2005 970.957% 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~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. 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~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. GROUP 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. 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~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. GROUP 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. 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~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. GROUP 3 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. 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~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-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 www. 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)

Prepayment - Voluntary Prepayments

Filing Compare · Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-AR3