8-K 1 mlc0500a_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 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2005-A (Exact name of registrant as specified in its charter) New York (governing law of 333-121605-03 Pooling and Servicing Agreement) (Commission 54-2167985 (State or other File Number) 54-2169375 jurisdiction 54-2169376 of Incorporation) 54-6654309 54-6654310 54-6654311 54-6654312 54-6654313 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 27, 2005 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Pass-Through Certificates, Series 2005-A 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-A 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. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Pass-Through Certificates, Series 2005-A Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee 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-A Trust, relating to the December 27, 2005 distribution. EX-99.1 Merrill Lynch Credit Corp Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Merrill Lynch Credit Corp Mortgage Pass-Through Certificates Series 2005-A 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

Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Merrill Lynch Mortgage Investors, Inc. Mortgage Pass-Through Certificates Series 2005-A 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 CUSIP Description~~ Rate Balance ~~Distribution~~ A-1 59020UTB1 ~~SEN 3~~4.~~69000~~42375% ~~350~~295,~~228~~828,~~027~~788.81 1,~~076~~090,~~951~~560.1950 A-2 59020UTC9 ~~SEN 3~~4.~~38000~~30313% ~~122~~104,~~666~~048,~~211~~025.0340 ~~345~~373,~~509~~110.8315 R 59020UTY1 ~~SEN~~ 4.~~47712~~53485% 0.00 0.5823 X-A 59020UTD7 ~~SEN~~ 1.~~26129~~00979% 0.00 ~~497~~336,~~047~~492.5557 B-1 59020UTE5 ~~SUB 3~~4.~~85000~~58375% 7,427,000.00 2328,~~828~~369.2959 B-2 59020UTF2 ~~SUB~~ 4.~~13000~~86375% 4,125,000.00 1416,~~196~~719.8814 B-3 59020UUA1 ~~SUB 4~~5.~~56000~~29375% 2,200,000.00 89,~~360~~705.0021 X_B 59020UTZ8 ~~SUB~~ 0.~~82280~~62135% 0.00 97,~~429~~120.2472 B-4 59020UUB9 ~~SUB 4~~5.~~87037~~40268% 1,925,000.00 78,~~812~~666.8879 B-5 59020UUC7 ~~SUB 4~~5.~~87037~~40268% 1,100,000.00 4,~~464~~952.5045 B-6 59020UUD5 ~~SUB 4~~5.~~87037~~40268% 1,925,161.00 78,~~813~~667.5352 Totals ~~491~~418,~~596~~578,~~399~~975.8421 1,~~995~~884,~~414~~364.4787

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses A-1 1320,~~968~~445,~~899~~014.9420 0.00 ~~336~~275,~~259~~383,~~127~~774.8761 1521,~~045~~535,~~851~~574.1370 0.00 A-2 6,~~013~~692,~~212~~220.2650 0.00 ~~116~~97,~~652~~355,~~998~~804.7790 67,~~358~~065,~~722~~330.0965 0.00 R 0.00 0.00 0.00 0.5823 0.00 X-A 0.00 0.00 0.00 ~~497~~336,~~047~~492.5557 0.00 B-1 0.00 0.00 7,427,000.00 2328,~~828~~369.2959 0.00 B-2 0.00 0.00 4,125,000.00 1416,~~196~~719.8814 0.00 B-3 0.00 0.00 2,200,000.00 89,~~360~~705.0021 0.00 X_B 0.00 0.00 0.00 97,~~429~~120.2472 0.00 B-4 0.00 0.00 1,925,000.00 78,~~812~~666.8879 0.00 B-5 0.00 0.00 1,100,000.00 4,~~464~~952.5045 0.00 B-6 0.00 0.00 1,925,161.00 78,~~813~~667.5352 0.00 Totals 1927,~~982~~137,~~112~~234.2070 0.00 ~~471~~391,~~614~~441,~~287~~740.6451 2129,~~977~~021,~~526~~599.6757 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~ This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ A-1 395,582,000.00 ~~350~~295,~~228~~828,~~027~~788.81 0.00 1320,~~968~~445,~~899~~014.9420 0.00 0.00 A-2 135,717,000.00 ~~122~~104,~~666~~048,~~211~~025.0340 0.00 6,~~013~~692,~~212~~220.2650 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 X-A 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,427,000.00 7,427,000.00 0.00 0.00 0.00 0.00 B-2 4,125,000.00 4,125,000.00 0.00 0.00 0.00 0.00 B-3 2,200,000.00 2,200,000.00 0.00 0.00 0.00 0.00 B-4 1,925,000.00 1,925,000.00 0.00 0.00 0.00 0.00 B-5 1,100,000.00 1,100,000.00 0.00 0.00 0.00 0.00 B-6 1,925,161.00 1,925,161.00 0.00 0.00 0.00 0.00 Totals 550,001,261.00 ~~491~~418,~~596~~578,~~399~~975.8421 0.00 1927,~~982~~137,~~112~~234.2070 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 A-1 1320,~~968~~445,~~899~~014.9420 ~~336~~275,~~259~~383,~~127~~774.8761 0.~~85003647~~696148 1320,~~968~~445,~~899~~014.9420 A-2 6,~~013~~692,~~212~~220.2650 ~~116~~97,~~652~~355,~~998~~804.7790 0.~~85953122~~717344 6,~~013~~692,~~212~~220.2650 R 0.00 0.00 0.~~00000000~~000000 0.00 X-A 0.00 0.00 0.~~00000000~~000000 0.00 B-1 0.00 7,427,000.00 1.~~00000000~~000000 0.00 B-2 0.00 4,125,000.00 1.~~00000000~~000000 0.00 B-3 0.00 2,200,000.00 1.~~00000000~~000000 0.00 B-4 0.00 1,925,000.00 1.~~00000000~~000000 0.00 B-5 0.00 1,100,000.00 1.~~00000000~~000000 0.00 B-6 0.00 1,925,161.00 1.~~00000000~~000000 0.00 Totals 1927,~~982~~137,~~112~~234.2070 ~~471~~391,~~614~~441,~~287~~740.6451 0.~~85747856~~711711 1927,~~982~~137,~~112~~234.2070

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1 395,582,000.00 ~~885~~747.~~34874643~~831774 0.~~00000000~~000000 3551.~~31227392~~683378 0.~~00000000~~000000 A-2 135,717,000.00 ~~903~~766.~~83821504~~654328 0.~~00000000~~000000 4449.~~30699367~~310112 0.~~00000000~~000000 R 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 X-A 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 7,427,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-2 4,125,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-3 2,200,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 X_B 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-4 1,925,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-5 1,100,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-6 1,925,161.00 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 A-1 0.~~00000000~~000000 3551.~~31227392~~683378 ~~850~~696.~~03647251~~148396 0.~~85003647~~696148 3551.~~31227392~~683378 A-2 0.~~00000000~~000000 4449.~~30699367~~310112 ~~859~~717.~~53122137~~344216 0.~~85953122~~717344 4449.~~30699367~~310112 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 X-A 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 X_B 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-6 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~~Denomination. ~~Please Refer to the Prospectus Supplement for a Full Description.~~

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ A-1 ~~395,582,000.00~~11/25/05 3- 12/24/05 30 4.~~69000~~42375% ~~350~~295,~~228~~828,~~027~~788.81 1,~~076~~090,~~951~~560.1950 0.00 ~~0.00~~ A-2 ~~135,717,000.00~~11/25/05 3- 12/24/05 30 4.~~38000~~30313% ~~122~~104,~~666~~048,~~211~~025.0340 ~~345~~373,~~509~~110.8315 0.00 ~~0.00~~ R ~~100.00~~N/A N/A 4.~~47712~~53485% 0.00 0.00 0.00 ~~0.00~~ X-A ~~0.00~~11/01/05 - 11/30/05 30 1.~~26129~~00979% ~~472~~399,~~894~~876,~~238~~814.8421 ~~497~~336,~~047~~492.5557 0.00 ~~0.00~~ B-1 ~~7,427,000.00~~11/25/05 3- 12/24/05 30 4.~~85000~~58375% 7,427,000.00 2328,~~828~~369.2959 0.00 ~~0.00~~ B-2 ~~4,125,000.00~~11/25/05 - 12/24/05 30 4.~~13000~~86375% 4,125,000.00 1416,~~196~~719.8814 0.00 ~~0.00~~ B-3 ~~2,200,000.00~~11/25/05 4- 12/24/05 30 5.~~56000~~29375% 2,200,000.00 89,~~360~~705.0021 0.00 ~~0.00~~ X_B ~~0.00~~11/01/05 - 11/30/05 30 0.~~82280~~62135% 13,752,000.00 97,~~429~~120.2472 0.00 ~~0.00~~ B-4 ~~1,925,000.00~~11/01/05 4- 11/30/05 30 5.~~87037~~40268% 1,925,000.00 78,~~812~~666.8879 0.00 ~~0.00~~ B-5 ~~1,100,000.00~~11/01/05 4- 11/30/05 30 5.~~87037~~40268% 1,100,000.00 4,~~464~~952.5045 0.00 ~~0.00~~ B-6 ~~1,925,161.00~~11/01/05 4- 11/30/05 30 5.~~87037~~40268% 1,925,161.00 78,~~813~~667.5352 0.00 ~~0.00~~ Totals ~~550,001,261.00~~ 1,~~995~~884,~~413~~364.8964 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 A-1 0.00 0.00 1,~~076~~090,~~951~~560.1950 0.00 ~~336~~275,~~259~~383,~~127~~774.8761 A-2 0.00 0.00 ~~345~~373,~~509~~110.8315 0.00 ~~116~~97,~~652~~355,~~998~~804.7790 R 0.00 0.00 0.5823 0.00 0.00 X-A 0.00 0.00 ~~497~~336,~~047~~492.5557 0.00 ~~452~~372,~~912~~739,~~126~~579.6451 B-1 0.00 0.00 2328,~~828~~369.2959 0.00 7,427,000.00 B-2 0.00 0.00 1416,~~196~~719.8814 0.00 4,125,000.00 B-3 0.00 0.00 89,~~360~~705.0021 0.00 2,200,000.00 X_B 0.00 0.00 97,~~429~~120.2472 0.00 13,752,000.00 B-4 0.00 0.00 78,~~812~~666.8879 0.00 1,925,000.00 B-5 0.00 0.00 4,~~464~~952.5045 0.00 1,100,000.00 B-6 0.00 0.00 78,~~813~~667.5352 0.00 1,925,161.00 Totals 0.00 0.00 1,~~995~~884,~~414~~364.4787 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~~ A-1 11/25/05 - 12/24/05 395,582,000.00 34.~~69000~~42375% ~~885~~747.~~34874643~~831774 2.~~72244741~~756851 0.~~00000000~~000000 ~~0.00000000~~ A-2 11/25/05 - 12/24/05 135,717,000.00 34.~~38000~~30313% ~~903~~766.~~83821504~~654328 2.~~54581099~~749178 0.~~00000000~~000000 ~~0.00000000~~ R N/A 100.00 4.~~47712~~53485% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ X-A 11/01/05 - 11/30/05 0.00 1.~~26129~~00979% ~~890~~752.~~07176531~~639877 0.~~93553263~~633339 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/24/05 7,427,000.00 34.~~85000~~58375% 1000.~~00000000~~000000 3.~~20833311~~819791 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/24/05 4,125,000.00 4.~~13000~~86375% 1000.~~00000000~~000000 34.~~44166788~~053125 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/24/05 2,200,000.00 45.~~56000~~29375% 1000.~~00000000~~000000 34.~~80000000~~411459 0.~~00000000~~000000 ~~0.00000000~~ X_B 11/01/05 - 11/30/05 0.00 0.~~82280~~62135% 1000.~~00000000~~000000 0.~~68566318~~517795 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/01/05 - 11/30/05 1,925,000.00 45.~~87037~~40268% 1000.~~00000000~~000000 4.~~05863896~~502229 0.~~00000000~~000000 ~~0.00000000~~ B-5 11/01/05 - 11/30/05 1,100,000.00 45.~~87037~~40268% 1000.~~00000000~~000000 4.~~05863636~~502227 0.~~00000000~~000000 ~~0.00000000~~ B-6 11/01/05 - 11/30/05 1,925,161.00 45.~~87037~~40268% 1000.~~00000000~~000000 4.~~05863717~~502231 0.~~00000000 0.00000000 (5) Per $1000 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 A-1 0.~~00000000~~000000 0.~~00000000~~000000 2.~~72244741~~756851 0.~~00000000~~000000 ~~850~~696.~~03647251~~148396 A-2 0.~~00000000~~000000 0.~~00000000~~000000 2.~~54581099~~749178 0.~~00000000~~000000 ~~859~~717.~~53122137~~344216 R 0.~~00000000~~000000 0.~~00000000~~000000 52.~~80000000~~300000 0.~~00000000~~000000 0.~~00000000~~000000 X-A 0.~~00000000~~000000 0.~~00000000~~000000 0.~~93553263~~633339 0.~~00000000~~000000 ~~852~~701.~~46184661~~562735 B-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~20833311~~819791 0.~~00000000~~000000 1000.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~44166788~~053125 0.~~00000000~~000000 1000.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~80000000~~411459 0.~~00000000~~000000 1000.~~00000000~~000000 X_B 0.~~00000000~~000000 0.~~00000000~~000000 0.~~68566318~~517795 0.~~00000000~~000000 1000.~~00000000~~000000 B-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~05863896~~502229 0.~~00000000~~000000 1000.~~00000000~~000000 B-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~05863636~~502227 0.~~00000000~~000000 1000.~~00000000~~000000 B-6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~05863717~~502231 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~~Per ~~Refer~~$1000 ~~to the Prospectus 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 ~~22,063,418.98~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 26,795.04 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 22,090,214.02 Withdrawals Reimbursement for Servicer Advances 10,271.43 Payment of Service Fee 102,415.92 Payment of Interest and Principal 21,977,526.67 Total Withdrawals (Pool Distribution Amount) 22,090,214.02 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~102~~87,~~415~~203.9296 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~102~~87,~~415~~203.9296 *Servicer Payees include: PHH US MTG CORP

~~LOAN~~COLLATERAL ~~STATUS~~STATEMENT ~~STRATIFICATION/CREDIT~~Collateral ~~ENHANCEMENT~~Description ~~STATEMENT~~1 ~~DELINQUENT~~Month ~~BANKRUPTCY~~LIBOR ~~FORECLOSURE~~ARM ~~REO~~Weighted ~~Total~~Average NoGross ofCoupon ~~Loans~~5.652177% NoWeighted ofAverage ~~Loans~~Net NoCoupon of5.402177% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate No5.402177% ofWeighted ~~Loans~~Average ~~Principal~~Remaining ~~Balance~~Term ~~Principal~~288 ~~Balance~~Beginning ~~Principal~~Scheduled ~~Balance~~Collateral ~~Principal~~Loan ~~Balance~~Count ~~Principal~~1,145 ~~Balance~~Number ~~0-29~~Of ~~Days~~Loans 0Paid 0In 0Full 077 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral ~~0.00~~Loan 30Count ~~Days~~1,068 13Beginning 0Scheduled 0Collateral 0Balance ~~13 6~~418,~~621~~578,~~926~~975.95 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 6Balance 391,~~621~~441,~~926~~741.9525 60Ending ~~Days~~Actual 0Collateral 0Balance 0at 030-Nov-2005 ~~0 0~~391,441,741.0025 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant 01,971,568.0074 90Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Amount ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Count ~~150 Days~~ 0 0Prepayment 0Penalty 0Paid 0Amount 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+ Days~~ 0 0Realized 0Loss 0Amount 0 0.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled 13Principal 0 ~~0 0 13 6,621,926~~.~~95 0.~~00 ~~0.00~~Unscheduled ~~0.00~~Principal 627,~~621~~137,~~926~~234.95 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.012461% 0.000000% 0.000000% 0.000000% 1.012461% 1.404098% 0.000000% 0.000000% 0.000000% 1.404098% 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 1.012461% 0.000000% 0.000000% 0.000000% 1.012461% 1.404098% 0.000000% 0.000000% 0.000000% 1.404098%70

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Pool 1 NoPool of2 ~~Loans~~Total NoCollateral ofDescription ~~Loans~~1 NoMonth ofLIBOR ~~Loans~~ARM No1 ofMonth ~~Loans~~LIBOR NoARM of1 ~~Loans~~Month ~~Principal~~LIBOR ~~Balance~~ARM ~~Principal~~Weighted ~~Balance~~Average ~~Principal~~Coupon ~~Balance~~Rate ~~Principal~~5.680792 ~~Balance~~5.570731 ~~Principal~~5.652177 ~~Balance~~Weighted ~~0-29~~Average ~~Days~~Net 0Rate ~~0 0 0 0~~5.00430792 05.00320731 05.00402177 ~~0.00~~Weighted 30Average ~~Days~~Remaining 10Term 0288 0288 0288 10Beginning ~~6,246,037.50~~Loan ~~0.00~~Count ~~0.00~~808 ~~0.00~~337 61,~~246,037.50~~145 60Loans ~~Days~~Paid 0In 0Full 054 023 077 ~~0.00~~Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~754 ~~0.00~~314 901,068 ~~Days~~Beginning 0Scheduled 0Balance ~~0 0 0 0~~309,753,386.0028 0108,825,589.0067 0418,578,975.0095 ~~0.00~~Ending ~~0.00~~Scheduled ~~120~~Balance ~~Days 0 0 0 0 0 0~~289,308,372.0008 0102,133,369.0017 0391,441,741.0025 ~~0.00~~Record ~~0.00~~Date ~~150~~11/30/2005 ~~Days~~11/30/2005 011/30/2005 0Principal 0And 0Interest 0Constant 01,466,370.0036 0505,198.0038 01,971,568.0074 ~~0.00~~Scheduled ~~0.00~~Principal ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Unscheduled ~~0.00~~Principal ~~Totals 10 0 0 0 10 6~~20,~~246~~445,~~037~~014.5020 ~~0.00 0.00 0.00~~ 6,~~246~~692,~~037~~220.50 ~~0-29 Days 0~~27,137,234.~~000000%~~70 ~~0.000000%~~Scheduled ~~0.000000%~~Interest ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days~~ 1,466,370.~~098901%~~36 0505,198.~~000000%~~38 ~~0.000000% 0.000000%~~ 1,971,568.~~098901%~~74 ~~1.783646%~~Servicing ~~0.000000%~~Fee 064,531.~~000000%~~96 022,672.~~000000%~~00 187,203.~~783646%~~96 60Master ~~Days~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Trustee ~~0.000000%~~Fee 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 1.098901% 0.000000% 0.000000% 0.000000% 1.098901% 1.783646% 0.000000% 0.000000% 0.000000% 1.783646% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Pool 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~~FRY 30Amount ~~Days 3~~ 0 ~~0 0 3 375,889~~.~~45 0.~~00 0.00 0.00 ~~375,889.45~~Special 60Hazard ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~90 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Pool ~~0.00~~Insurance ~~120~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00 Totals~~ 3 0 ~~0 0 3 375,889~~.~~45 0.~~00 0.00 0.00 ~~375,889.45~~Net ~~0-29~~Interest ~~Days 0~~1,401,838.~~000000%~~40 0482,526.~~000000%~~38 01,884,364.~~000000%~~78 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 ~~30 Days~~ 0.~~802139%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~802139%~~00 0.~~309551%~~00 0.~~000000%~~00 ~~0.000000%~~Percentage ~~0.000000%~~of ~~0.309551%~~Cumulative 60Losses ~~Days~~ 0.~~000000%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 90Prepayment ~~Days~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Amount 0.~~000000%~~00 ~~120 Days~~ 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Special ~~150~~Servicing ~~Days~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through ~~0.000000%~~Rate 05.~~000000%~~430792 05.~~000000%~~320731 05.000000% 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 0.802139% 0.000000% 0.000000% 0.000000% 0.802139% 0.309551% 0.000000% 0.000000% 0.000000% 0.309551%402177

~~OTHER~~LOAN ~~INFORMATION~~STATUS ~~Current~~STRATIFICATION/CREDIT ~~Period~~ENHANCEMENT ~~Class~~STATEMENT ADELINQUENT ~~Insufficient~~BANKRUPTCY ~~Funds~~FORECLOSURE REO TOTAL No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 ~~Principal~~0.00 ~~Balance~~0.00 of0.00 ~~Contaminated~~30 ~~Properties~~Days 8 0 0 0 8 7,524,806.35 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 267,~~795~~524,806.0435 60 Days 3 0 0 0 3 641,821.97 0.00 0.00 0.00 641,821.97 90 Days 1 0 0 0 1 99,980.21 0.00 0.00 0.00 99,980.21 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 8,266,608.53 0.00 0.00 0.00 8,266,608.53 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.749064% 0.000000% 0.000000% 0.000000% 0.749064% 1.922331% 0.000000% 0.000000% 0.000000% 1.922331% 60 Days 0.280899% 0.000000% 0.000000% 0.000000% 0.280899% 0.163964% 0.000000% 0.000000% 0.000000% 0.163964% 90 Days 0.093633% 0.000000% 0.000000% 0.000000% 0.093633% 0.025542% 0.000000% 0.000000% 0.000000% 0.025542% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.123596% 0.000000% 0.000000% 0.000000% 1.123596% 2.111836% 0.000000% 0.000000% 0.000000% 2.111836%

~~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. Pool 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~~44,227.00 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. Pool 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.93

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 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. Pool 1 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. Pool 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.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy 1History* New Bankruptcy Loans Month ~~LIBOR~~Bankruptcy ~~ARM~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Gross~~Bankruptcy ~~Coupon~~0 5Jan-05 0.~~120860~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 4Feb-05 0.~~870860~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 4Apr-05 0.~~870860~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~294~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~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. Pool 1~~,335~~ ~~Number~~12 OfMonth Bankruptcy History* New Bankruptcy Loans ~~Paid~~Month InBankruptcy ~~Full~~Percentage 51Loans ~~Ending~~in ~~Scheduled~~Bankruptcy ~~Collateral~~0 ~~Loan~~Jan-05 ~~Count~~0.000% ~~1,284~~Original ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 Feb-05 0.000% Current Principal Balance ~~491,596,400~~0.5800 ~~Ending~~Mar-05 ~~Scheduled~~0.000% ~~Collateral~~Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance ~~471,614,288~~0.3800 ~~Ending~~Jul-05 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance at0.00 29Aug-~~Jul~~05 0.000% Sep-~~2005~~05 ~~471,614,288~~0.38000% ~~Monthly~~Oct-05 ~~P&I~~0.000% ~~Constant~~Nov-05 ~~2,097,830~~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. Pool 2 12 ~~Special~~Month ~~Servicing~~Bankruptcy ~~Fee~~History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.00000% ~~Prepayment~~Original ~~Penalties~~Principal Balance 0.00 ~~Realized~~Feb-05 ~~Loss~~0.000% ~~Amount~~Current Principal Balance 0.00 ~~Cumulative~~Mar-05 ~~Realized~~0.000% ~~Loss~~Apr-05 0.00000% ~~Scheduled~~Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~19,982,112~~Balance 0.2000 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~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Pool~~Loans 1in ~~Pool~~Bankruptcy 2during ~~Total~~Current ~~Collateral~~Period ~~Description~~Group 1Loan Month LIBOR ARM 1 Month LIBOR ARM 1 Month LIBOR ARM Weighted Average Coupon Rate 5.087244 5.216911 5.120860 Weighted Average Net Rate 4.837244 4.966911 4.870860 Weighted Average Maturity (6) (6) 294 Beginning Loan ~~Count~~First ~~941~~State ~~394~~LTV ~~1,335~~at ~~Loans~~Original ~~Paid~~Number InEntered ~~Full~~Payment 31Origination 20Principal 51Bankruptcy ~~Ending~~Date ~~Loan Count 910 374 1,284 Beginning Scheduled~~ Balance ~~364,152,625.28~~No ~~127,443,775.30~~Bankruptcy ~~491,596,400.58~~Loans ~~Ending~~this Scheduled Balance 350,183,725.34 121,430,563.04 471,614,288.38 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And Interest Constant 1,543,777.72 554,052.40 2,097,830.12 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 13,968,899.94 6,013,212.26 19,982,112.20 Scheduled Interest 1,543,777.72 554,052.40 2,097,830.12 Servicing Fees 75,865.13 26,550.79 102,415.92 Master Servicing Fees 0.00 0.00 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,467,912.59 527,501.61 1,995,414.20 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 4.837244 4.966911 4.870860Period

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current Period Summary~~ Loans ~~Paid~~in InBankruptcy ~~Full~~during ~~Repurchased Loans Original~~ Current ~~Original~~Period ~~Current~~(continued) ~~Principal Principal Principal Principal~~ Group ~~Count~~Loan ~~Balance~~Current ~~Balance~~Paid ~~Count~~To ~~Balance~~Months ~~Balance~~Current ~~Pool~~Approximate 1Number 31Principal ~~13,723,171.00~~Date ~~13,448,689.21~~Delinquent 0Loan ~~0.00~~Rate ~~0.00~~Delinquent ~~Pool~~Balance 2Interest 20No ~~5,888,558.00~~Bankruptcy ~~5,865,840.82~~Loans 0this ~~0.00 0.00 Total 51 19,611,729.00 19,314,530.03 0 0.00 0.00~~Period

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 Pool 1 0 0.00 0.00 0 0.00 0.00 520,210.73 Pool 2 0 0.00 0.00 0 0.00 0.00 147,371.44 Total 0 0.00 0.00 0 0.00 0.00 667,582.17

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Pool 1 7077301112 CA 100.00 01-Oct-2004 961,000.00 961,000.00 Pool 1 7077405251 TX 100.00 01-Dec-2004 408,000.00 408,000.00 Pool 1 7077450018 CA 100.00 01-Sep-2004 3,400,000.00 3,400,000.00 Pool 1 7077580772 NM 36.00 01-Feb-2005 1,000,000.00 1,000,000.00 Pool 1 7077661937 VA 80.00 01-Dec-2004 278,000.00 278,000.00 Pool 1 7077672116 NJ 30.00 01-Nov-2004 236,100.00 236,100.00 Pool 1 7077672462 CO 61.00 01-Dec-2004 100,000.00 98,615.55 Pool 1 7077673270 NC 60.00 01-Dec-2004 106,500.00 105,767.12 Pool 1 7077673627 AZ 80.00 01-Dec-2004 356,000.00 356,000.00 Pool 1 7077673791 IL 73.00 01-Dec-2004 189,550.00 189,243.94 Pool 1 7077674609 OR 74.00 01-Dec-2004 331,821.00 330,807.97 Pool 1 7077676679 CA 77.00 01-Dec-2004 290,000.00 289,029.20 Pool 1 7077681083 FL 75.00 01-Jan-2005 108,750.00 108,750.00 Pool 1 7077681281 PA 78.00 01-Jan-2005 305,000.00 305,000.00 Pool 1 7077682602 NV 80.00 01-Jan-2005 323,500.00 323,500.00 Pool 1 7077683493 MD 78.00 01-Jan-2005 206,000.00 202,000.00 Pool 1 7077684558 CA 80.00 01-Jan-2005 508,000.00 506,382.16 Pool 1 7077685639 MD 59.00 01-Jan-2005 254,000.00 234,849.43 Pool 1 7077686090 CA 66.00 01-Jan-2005 358,000.00 354,173.76 Pool 1 7077824543 AL 54.00 01-Jan-2005 114,500.00 114,478.54 Pool 1 7077826670 TX 77.00 01-Jan-2005 239,500.00 238,360.07 Pool 1 7077828049 CA 75.00 01-Jan-2005 277,500.00 277,275.00 Pool 1 7077829872 TX 51.00 01-Feb-2005 457,500.00 457,500.00 Pool 1 7077836695 KY 80.00 01-Jan-2005 112,000.00 112,000.00 Pool 1 7077840705 WA 44.00 01-Jan-2005 150,000.00 143,766.99 Pool 1 7077851694 SC 67.00 01-Feb-2005 107,750.00 107,550.00 Pool 1 7077867930 FL 70.00 01-Feb-2005 1,120,000.00 1,116,546.87 Pool 1 7077870249 TX 100.00 01-Feb-2005 97,000.00 93,988.44 Pool 1 7077878390 WA 100.00 01-Feb-2005 470,000.00 370,000.00 Pool 1 7077878952 FL 68.00 01-Feb-2005 390,000.00 390,000.00 Pool 1 7078679391 NC 64.00 01-Dec-2002 467,200.00 340,004.17 Pool 2 7077281652 IL 100.00 01-Feb-2005 799,599.00 799,599.00 Pool 2 7077421829 TX 90.00 01-Jan-2005 259,200.00 259,200.00 Pool 2 7077671779 FL 78.00 01-Nov-2004 111,114.00 108,565.20 Pool 2 7077671936 OR 79.00 01-Dec-2004 177,200.00 177,179.56 Pool 2 7077672207 FL 80.00 01-Oct-2004 320,000.00 317,012.96 Pool 2 7077672249 CA 73.00 01-Dec-2004 320,025.00 320,025.00 Pool 2 7077673205 NY 80.00 01-Dec-2004 400,000.00 399,471.44 Pool 2 7077673445 MN 75.00 01-Dec-2004 251,800.00 251,800.00 Pool 2 7077674062 AZ 80.00 01-Dec-2004 147,200.00 147,200.00 Pool 2 7077674989 CA 56.00 01-Dec-2004 200,000.00 200,000.00 Pool 2 7077676141 MD 72.00 01-Dec-2004 216,000.00 203,599.03 Pool 2 7077682172 CA 61.00 01-Jan-2005 319,500.00 318,382.48 Pool 2 7077682321 UT 76.00 01-Jan-2005 317,000.00 315,868.15 Pool 2 7077683634 MN 79.00 01-Jan-2005 190,400.00 190,400.00 Pool 2 7077685225 CA 80.00 01-Jan-2005 435,200.00 434,221.97 Pool 2 7077686066 CA 74.00 01-Jan-2005 269,500.00 269,250.00 Pool 2 7077743891 MI 80.00 01-Jan-2005 352,320.00 351,817.80 Pool 2 7077789266 MA 100.00 01-Feb-2005 320,000.00 320,000.00 Pool 2 7077849003 CO 71.00 01-Feb-2005 362,500.00 362,500.00 Pool 2 7077874001 MD 58.00 01-Feb-2005 120,000.00 119,748.23

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Pool 1 7077301112 Loan Paid in Full (1) 5.000% 300 10 Pool 1 7077405251 Loan Paid in Full (1) 5.375% 300 8 Pool 1 7077450018 Loan Paid in Full (1) 5.125% 300 11 Pool 1 7077580772 Loan Paid in Full (1) 5.000% 300 6 Pool 1 7077661937 Loan Paid in Full 0 4.750% 300 8 Pool 1 7077672116 Loan Paid in Full 0 5.250% 300 9 Pool 1 7077672462 Loan Paid in Full 0 5.125% 300 8 Pool 1 7077673270 Loan Paid in Full 0 5.500% 300 8 Pool 1 7077673627 Loan Paid in Full 0 5.875% 300 8 Pool 1 7077673791 Loan Paid in Full 0 5.500% 300 8 Pool 1 7077674609 Loan Paid in Full 0 5.500% 300 8 Pool 1 7077676679 Loan Paid in Full 0 5.125% 300 8 Pool 1 7077681083 Loan Paid in Full 0 5.125% 300 7 Pool 1 7077681281 Loan Paid in Full 0 5.250% 300 7 Pool 1 7077682602 Loan Paid in Full (1) 5.500% 300 7 Pool 1 7077683493 Loan Paid in Full 0 5.375% 300 7 Pool 1 7077684558 Loan Paid in Full 0 5.125% 300 7 Pool 1 7077685639 Loan Paid in Full 0 5.500% 300 7 Pool 1 7077686090 Loan Paid in Full 0 5.125% 300 7 Pool 1 7077824543 Loan Paid in Full 0 5.000% 300 7 Pool 1 7077826670 Loan Paid in Full 0 5.000% 300 7 Pool 1 7077828049 Loan Paid in Full 0 5.375% 300 7 Pool 1 7077829872 Loan Paid in Full 0 5.250% 300 6 Pool 1 7077836695 Loan Paid in Full 0 5.375% 300 7 Pool 1 7077840705 Loan Paid in Full (1) 5.375% 300 7 Pool 1 7077851694 Loan Paid in Full (1) 5.000% 300 6 Pool 1 7077867930 Loan Paid in Full 0 5.000% 300 6 Pool 1 7077870249 Loan Paid in Full (1) 5.500% 300 6 Pool 1 7077878390 Loan Paid in Full (1) 5.250% 300 6 Pool 1 7077878952 Loan Paid in Full 0 5.250% 300 6 Pool 1 7078679391 Loan Paid in Full (2) 5.125% 300 32 Pool 2 7077281652 Loan Paid in Full (1) 5.500% 300 6 Pool 2 7077421829 Loan Paid in Full 0 5.375% 300 7 Pool 2 7077671779 Loan Paid in Full (1) 4.875% 300 9 Pool 2 7077671936 Loan Paid in Full (1) 5.500% 300 8 Pool 2 7077672207 Loan Paid in Full 0 5.500% 300 10 Pool 2 7077672249 Loan Paid in Full 0 5.125% 300 8 Pool 2 7077673205 Loan Paid in Full (1) 5.500% 300 8 Pool 2 7077673445 Loan Paid in Full (1) 5.500% 300 8 Pool 2 7077674062 Loan Paid in Full 0 5.500% 300 8 Pool 2 7077674989 Loan Paid in Full 0 5.125% 300 8 Pool 2 7077676141 Loan Paid in Full (1) 5.125% 300 8 Pool 2 7077682172 Loan Paid in Full 0 5.125% 300 7 Pool 2 7077682321 Loan Paid in Full (1) 5.125% 300 7 Pool 2 7077683634 Loan Paid in Full 0 5.500% 300 7 Pool 2 7077685225 Loan Paid in Full 0 5.500% 300 7 Pool 2 7077686066 Loan Paid in Full 0 5.125% 300 7 Pool 2 7077743891 Loan Paid in Full 0 5.375% 300 7 Pool 2 7077789266 Loan Paid in Full (1) 6.500% 300 6 Pool 2 7077849003 Loan Paid in Full 0 5.500% 300 6 Pool 2 7077874001 Loan Paid in Full (1) 5.125% 300 6

Summary SMM CPR PSA Current Month 4.065% Current Month 39.223% Current Month 2,439.042% 3 Month Average 3.425% 3 Month Average 34.013% 3 Month Average 2,437.550% 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 6.287% N/A Mar-2005 1,060.032% N/A Apr-2005 28.389% N/A Apr-2005 3,511.559% N/A May-2005 17.398% N/A May-2005 1,720.382% N/A Jun-2005 35.262% N/A Jun-2005 2,920.017% N/A Jul-2005 27.554% N/A Jul-2005 1,953.590% N/A Aug-2005 39.223% N/A Aug-2005 2,439.042% 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. Pool 1 SMM CPR PSA Current Month 3.836% Current Month 37.461% Current Month 2,350.046% 3 Month Average 3.117% 3 Month Average 31.306% 3 Month Average 2,268.095% 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 7.026% N/A Mar-2005 1,235.608% N/A Apr-2005 35.063% N/A Apr-2005 4,451.303% N/A May-2005 20.719% N/A May-2005 2,091.419% N/A Jun-2005 34.808% N/A Jun-2005 2,907.578% N/A Jul-2005 21.648% N/A Jul-2005 1,546.660% N/A Aug-2005 37.461% N/A Aug-2005 2,350.046% 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. Pool 2 SMM CPR PSA Current Month 4.718% Current Month 44.010% Current Month 2,669.330% 3 Month Average 4.287% 3 Month Average 40.816% 3 Month Average 2,843.554% 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 4.105% N/A Mar-2005 617.793% N/A Apr-2005 5.250% N/A Apr-2005 605.691% N/A May-2005 7.345% N/A May-2005 687.317% N/A Jun-2005 36.511% N/A Jun-2005 2,952.113% N/A Jul-2005 41.928% N/A Jul-2005 2,909.220% N/A Aug-2005 44.010% N/A Aug-2005 2,669.330% 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~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 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~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 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. Pool 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~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 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~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 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. Pool 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~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 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~~0.000% N/A ~~Nov~~Mar-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Dec~~Apr-~~2004~~2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Mar~~Jul-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~Apr~~Aug-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 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 · Merrill Lynch Mortgage Investors Trust Series MLCC 2005-A