8-K 1 ace05sl1_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SL1 (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-07 Pooling and Servicing Agreement) (Commission 54-2182224 (State or other File Number) 54-2182225 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 ACE SECURITIES CORP . HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2005-SL1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-SL1 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-SL1 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 Asset Backed Pass-Through Certificates, Series 2005-SL1 Trust, relating to the December 27, 2005 distribution. EX-99.1 ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-SL1 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

ACE Securities Corporation Asset Backed Pass-Through Certificates Record Date: 8/31/2005 Distribution Date: 9/26/2005 ACE Securities Corporation Asset Backed Pass-Through Certificates Series ACE 2005-SL1 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-1A 004421RT2 ~~SEN 3~~4.~~86938~~39375% ~~156~~127,~~701~~897,~~000~~531.0031 ~~471~~499,~~594~~510.4591 A-1B 004421RU9 ~~SEN~~ 5.11000% 25,000,000.00 106,458.33 M-1 004421RV7 ~~SEN~~ 5.37000% 24,537,000.00 109,803.08 M-2 004421RW5 ~~SEN~~ 5.76000% 13,560,000.00 65,088.00 M-3 004421RX3 ~~SEN~~ 5.86000% 5,811,000.00 28,377.05 M-4 004421RY1 ~~SEN~~ 6.11000% 5,940,000.00 30,244.50 M-5 004421RZ8 ~~SEN~~ 6.21000% 5,424,000.00 28,069.20 M-6 004421SA2 ~~SEN~~ 6.36000% 4,778,000.00 25,323.40 M-7 004421SB0 ~~SEN~~ 6.50000% 5,036,000.00 27,278.33 B-1 004421SC8 ~~SEN~~ 6.00000% 4,649,000.00 23,245.00 B-2 004421SD6 ~~SEN~~ 6.00000% 4,262,000.00 21,310.00 P ACE05SL1P ~~SEN~~ 0.00000% 100.00 7883,~~392~~988.1473 CE-1 ACE05SLC1 ~~SEN~~ 0.00000% 25,~~583~~797,~~241~~768.0092 0.00 CE-2 ACE05SLC2 ~~SEN~~ 0.00000% 0.00 043,236.0094 R ACE05SLR1 ~~SEN~~ 0.00000% 0.00 0.00 Totals ~~258~~232,~~281~~692,~~341~~400.0023 1,~~015~~091,~~183~~933.4847

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-1A 8,~~241~~916,~~343~~186.4018 0.00 ~~148~~118,~~459~~981,~~656~~345.6013 89,~~712~~415,~~937~~697.8509 0.00 A-1B 0.00 0.00 25,000,000.00 106,458.33 0.00 M-1 0.00 0.00 24,537,000.00 109,803.08 0.00 M-2 0.00 0.00 13,560,000.00 65,088.00 0.00 M-3 0.00 0.00 5,811,000.00 28,377.05 0.00 M-4 0.00 0.00 5,940,000.00 30,244.50 0.00 M-5 0.00 0.00 5,424,000.00 28,069.20 0.00 M-6 0.00 0.00 4,778,000.00 25,323.40 0.00 M-7 0.00 0.00 5,036,000.00 27,278.33 0.00 B-1 0.00 0.00 4,649,000.00 23,245.00 0.00 B-2 0.00 0.00 4,262,000.00 21,310.00 0.00 P 0.00 0.00 100.00 7883,~~392~~988.1473 0.00 CE-1 0.00 0.00 36,~~740~~706,~~361~~369.3106 0.00 0.00 CE-2 0.00 0.00 0.00 043,236.0094 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 8,~~241~~916,~~343~~186.4018 0.00 ~~251~~224,~~197~~684,~~117~~814.9119 910,~~256~~008,~~526~~119.8865 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 Loss (1)~~ A-1A 156,701,000.00 ~~156~~127,~~701~~897,~~000~~531.0031 0.00 8,~~241~~916,~~343~~186.4018 0.00 0.00 A-1B 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 M-1 24,537,000.00 24,537,000.00 0.00 0.00 0.00 0.00 M-2 13,560,000.00 13,560,000.00 0.00 0.00 0.00 0.00 M-3 5,811,000.00 5,811,000.00 0.00 0.00 0.00 0.00 M-4 5,940,000.00 5,940,000.00 0.00 0.00 0.00 0.00 M-5 5,424,000.00 5,424,000.00 0.00 0.00 0.00 0.00 M-6 4,778,000.00 4,778,000.00 0.00 0.00 0.00 0.00 M-7 5,036,000.00 5,036,000.00 0.00 0.00 0.00 0.00 B-1 4,649,000.00 4,649,000.00 0.00 0.00 0.00 0.00 B-2 4,262,000.00 4,262,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CE-1 2,583,241.00 25,~~583~~797,~~241~~768.0092 0.00 0.00 0.00 0.00 CE-2 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 258,281,341.00 ~~258~~232,~~281~~692,~~341~~400.0023 0.00 8,~~241~~916,~~343~~186.4018 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-1A 8,~~241~~916,~~343~~186.4018 ~~148~~118,~~459~~981,~~656~~345.6013 0.~~94740721~~759289 8,~~241~~916,~~343~~186.4018 A-1B 0.00 25,000,000.00 1.~~00000000~~000000 0.00 M-1 0.00 24,537,000.00 1.~~00000000~~000000 0.00 M-2 0.00 13,560,000.00 1.~~00000000~~000000 0.00 M-3 0.00 5,811,000.00 1.~~00000000~~000000 0.00 M-4 0.00 5,940,000.00 1.~~00000000~~000000 0.00 M-5 0.00 5,424,000.00 1.~~00000000~~000000 0.00 M-6 0.00 4,778,000.00 1.~~00000000~~000000 0.00 M-7 0.00 5,036,000.00 1.~~00000000~~000000 0.00 B-1 0.00 4,649,000.00 1.~~00000000~~000000 0.00 B-2 0.00 4,262,000.00 1.~~00000000~~000000 0.00 P 0.00 100.00 1.~~00000000~~000000 0.00 CE-1 0.00 36,~~740~~706,~~361~~369.3106 12.~~44793355~~596107 0.00 CE-2 0.00 0.00 0.~~00000000~~000000 0.00 R 0.00 0.00 0.~~00000000~~000000 0.00 Totals 8,~~241~~916,~~343~~186.4018 ~~251~~224,~~197~~684,~~117~~814.9119 0.~~97257168~~869923 8,~~241~~916,~~343~~186.4018

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1A 156,701,000.00 ~~1000~~816.~~00000000~~188354 0.~~00000000~~000000 5256.~~59279392~~899357 0.~~00000000~~000000 A-1B 25,000,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 24,537,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 13,560,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 5,811,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-4 5,940,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-5 5,424,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-6 4,778,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-7 5,036,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 4,649,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-2 4,262,000.00 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~~000000 CE-1 2,583,241.00 ~~1000~~2244.~~00000000~~377865 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 CE-2 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 0.00 0.~~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-1A 0.~~00000000~~000000 5256.~~59279392~~899357 ~~947~~759.~~40720608~~288997 0.~~94740721~~759289 5256.~~59279392~~899357 A-1B 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-6 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-7 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~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 P 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 CE-1 0.~~00000000~~000000 0.~~00000000~~000000 12,~~447~~596.~~93354937~~106620 12.~~44793355~~596107 0.~~00000000~~000000 CE-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~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-1A ~~156,701,000.00~~11/25/05 3- 12/26/05 32 4.~~86938~~39375% ~~156~~127,~~701~~897,~~000~~531.0031 ~~471~~499,~~594~~510.4591 0.00 ~~0.00~~ A-1B ~~25,000,000.00~~11/01/05 - 11/30/05 30 5.11000% 25,000,000.00 106,458.33 0.00 ~~0.00~~ M-1 ~~24,537,000.00~~11/01/05 - 11/30/05 30 5.37000% 24,537,000.00 109,803.08 0.00 ~~0.00~~ M-2 ~~13,560,000.00~~11/01/05 - 11/30/05 30 5.76000% 13,560,000.00 65,088.00 0.00 ~~0.00~~ M-3 ~~5,811,000.00~~11/01/05 - 11/30/05 30 5.86000% 5,811,000.00 28,377.05 0.00 ~~0.00~~ M-4 ~~5,940,000.00~~11/01/05 - 11/30/05 30 6.11000% 5,940,000.00 30,244.50 0.00 ~~0.00~~ M-5 ~~5,424,000.00~~11/01/05 - 11/30/05 30 6.21000% 5,424,000.00 28,069.20 0.00 ~~0.00~~ M-6 ~~4,778,000.00~~11/01/05 - 11/30/05 30 6.36000% 4,778,000.00 25,323.40 0.00 ~~0.00~~ M-7 ~~5,036,000.00~~11/01/05 - 11/30/05 30 6.50000% 5,036,000.00 27,278.33 0.00 ~~0.00~~ B-1 ~~4,649,000.00~~11/01/05 - 11/30/05 30 6.00000% 4,649,000.00 23,245.00 0.00 ~~0.00~~ B-2 ~~4,262,000.00~~11/01/05 - 11/30/05 30 6.00000% 4,262,000.00 21,310.00 0.00 ~~0.00~~ P ~~100.00~~N/A N/A 0.00000% 100.00 0.00 0.00 ~~0.00~~ CE-1 ~~2,583,241.00~~N/A N/A 0.00000% 2232,~~583~~692,~~241~~400.0023 0.00 0.00 ~~0.00~~ CE-2 ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~258~~964,~~281,341~~707.0080 ~~936,791.34~~ 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-1A 0.00 0.00 ~~471~~499,~~594~~510.4591 0.00 ~~148~~118,~~459~~981,~~656~~345.6013 A-1B 0.00 0.00 106,458.33 0.00 25,000,000.00 M-1 0.00 0.00 109,803.08 0.00 24,537,000.00 M-2 0.00 0.00 65,088.00 0.00 13,560,000.00 M-3 0.00 0.00 28,377.05 0.00 5,811,000.00 M-4 0.00 0.00 30,244.50 0.00 5,940,000.00 M-5 0.00 0.00 28,069.20 0.00 5,424,000.00 M-6 0.00 0.00 25,323.40 0.00 4,778,000.00 M-7 0.00 0.00 27,278.33 0.00 5,036,000.00 B-1 0.00 0.00 23,245.00 0.00 4,649,000.00 B-2 0.00 0.00 21,310.00 0.00 4,262,000.00 P 0.00 0.00 7883,~~392~~988.1473 0.00 100.00 CE-1 0.00 0.00 0.00 0.00 3224,~~740~~684,~~361~~814.6019 CE-2 0.00 0.00 043,236.0094 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~015~~091,~~183~~933.4847 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-1A 11/25/05 - 12/26/05 156,701,000.00 34.~~86938~~39375% ~~1000~~816.~~00000000~~188354 3.~~00951781~~187669 0.~~00000000~~000000 ~~0.00000000~~ A-1B 11/01/05 - 11/30/05 25,000,000.00 5.11000% 1000.~~00000000~~000000 4.~~25833320~~258333 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/01/05 - 11/30/05 24,537,000.00 5.37000% 1000.~~00000000~~000000 4.~~47500020~~475000 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/01/05 - 11/30/05 13,560,000.00 5.76000% 1000.~~00000000~~000000 4.~~80000000~~800000 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/01/05 - 11/30/05 5,811,000.00 5.86000% 1000.~~00000000~~000000 4.~~88333333~~883333 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/01/05 - 11/30/05 5,940,000.00 6.11000% 1000.~~00000000~~000000 5.~~09166667~~091667 0.~~00000000~~000000 ~~0.00000000~~ M-5 11/01/05 - 11/30/05 5,424,000.00 6.21000% 1000.~~00000000~~000000 5.~~17500000~~175000 0.~~00000000~~000000 ~~0.00000000~~ M-6 11/01/05 - 11/30/05 4,778,000.00 6.36000% 1000.~~00000000~~000000 5.~~30000000~~300000 0.~~00000000~~000000 ~~0.00000000~~ M-7 11/01/05 - 11/30/05 5,036,000.00 6.50000% 1000.~~00000000~~000000 5.~~41666600~~416666 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/01/05 - 11/30/05 4,649,000.00 6.00000% 1000.~~00000000~~000000 5.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/01/05 - 11/30/05 4,262,000.00 6.00000% 1000.~~00000000~~000000 5.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ P N/A 100.00 0.00000% 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ CE-1 N/A 2,583,241.00 0.00000% ~~1000~~90077.~~00000000~~697060 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ CE-2 N/A 0.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R N/A 0.00 0.00000% 0.~~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 A-1A 0.~~00000000~~000000 0.~~00000000~~000000 3.~~00951781~~187669 0.~~00000000~~000000 ~~947~~759.~~40720608~~288997 A-1B 0.~~00000000~~000000 0.~~00000000~~000000 4.~~25833320~~258333 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~47500020~~475000 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~80000000~~800000 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~88333333~~883333 0.~~00000000~~000000 1000.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 5.~~09166667~~091667 0.~~00000000~~000000 1000.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 5.~~17500000~~175000 0.~~00000000~~000000 1000.~~00000000~~000000 M-6 0.~~00000000~~000000 0.~~00000000~~000000 5.~~30000000~~300000 0.~~00000000~~000000 1000.~~00000000~~000000 M-7 0.~~00000000~~000000 0.~~00000000~~000000 5.~~41666600~~416666 0.~~00000000~~000000 1000.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 5.~~00000000~~000000 0.~~00000000~~000000 1000.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 5.~~00000000~~000000 0.~~00000000~~000000 1000.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 ~~783921~~839887.~~40000000~~300000 0.~~00000000~~000000 1000.~~00000000~~000000 CE-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~1447~~86977.~~93366163~~875541 CE-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,~~281~~844,~~426~~649.8128 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 19237,~~153~~390.6450 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 7883,~~392~~988.1473 Swap/Cap Payments 0.00 Total Deposits 910,~~378~~166,~~972~~028.5951 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 095,464.0067 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 122~~62,~~445~~444.7119 Payment of Interest and Principal 910,~~256~~008,~~526~~119.8865 Total Withdrawals (Pool Distribution Amount) 910,~~378~~166,~~972~~028.5951 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~112~~53,~~760~~718.1622 Credit Risk Manager Fee - Murray Hill 32,~~228~~908.5266 Wells Fargo Master Servicing Fee 65,~~457~~817.0331 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~122~~62,~~445~~444.7119 *Servicer Payees include: GMAC MTG CORP; OCWEN FEDERAL BANK FSB

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~Fixed ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No10.273665% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~9.996639% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of9.951639% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~315 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~4,794 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~149 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 384,645 0Beginning 0Scheduled 0Collateral 38Balance 1232,~~869~~692,~~864~~400.4523 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 1Balance 224,~~869~~684,~~864~~814.4519 60Ending ~~Days~~Actual 8Collateral 0Balance 0at 030-Nov-2005 ~~8 239~~224,~~331~~822,640.4942 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~239~~2,~~331~~131,659.4914 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 083,988.0073 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+~~41 ~~Days~~Realized 0Loss 0Amount 0 ~~0 0 0~~.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled 46Principal ~~0 0 0 46 2~~139,~~109,195~~489.9438 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 2~~7,~~109~~868,~~195~~096.9466 NoRequired ofOvercollateralized ~~Loans~~Amount ~~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%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Increase ~~0.000000%~~Amount 0908,600.~~000000%~~14 ~~0.000000%~~Overcollateralized ~~0.000000%~~Reduction ~~0.000000%~~Amount ~~30 Days~~ 0.~~744222%~~00 ~~0.000000%~~Specified ~~0.000000%~~O/C ~~0.000000%~~Amount 014,980,317.~~744222%~~79 ~~0.743994%~~Overcollateralized ~~0.000000%~~Amount 06,706,369.~~000000%~~06 ~~0.000000%~~Overcollateralized ~~0.743994%~~Deficiency 60Amount ~~Days 0~~8,273,948.~~156678%~~73 ~~0.000000%~~Base ~~0.000000%~~Overcollateralization ~~0.000000%~~Amount 0.~~156678%~~00 ~~0.095227%~~Extra ~~0.000000%~~principal ~~0.000000%~~distribution ~~0.000000%~~Amount 0908,600.~~095227%~~14 90Excess ~~Days~~Cash ~~0.000000%~~Amount 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 0.900901% 0.000000% 0.000000% 0.000000% 0.900901% 0.839221% 0.000000% 0.000000% 0.000000% 0.839221%00

~~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 104 0 0 0 104 4,525,441.08 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 194,~~153~~525,441.08 60 Days 95 0 0 0 95 4,644,085.76 0.00 0.00 0.00 4,644,085.76 90 Days 29 0 0 0 29 1,217,594.64 0.00 0.00 0.00 1,217,594.64 120 Days 16 0 0 0 16 1,152,305.35 0.00 0.00 0.00 1,152,305.35 150 Days 5 0 0 0 5 109,470.51 0.00 0.00 0.00 109,470.51 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 249 0 0 0 249 11,648,897.34 0.00 0.00 0.00 11,648,897.34 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 2.238967% 0.000000% 0.000000% 0.000000% 2.238967% 2.012894% 0.000000% 0.000000% 0.000000% 2.012894% 60 Days 2.045210% 0.000000% 0.000000% 0.000000% 2.045210% 2.065666% 0.000000% 0.000000% 0.000000% 2.065666% 90 Days 0.624327% 0.000000% 0.000000% 0.000000% 0.624327% 0.541580% 0.000000% 0.000000% 0.000000% 0.541580% 120 Days 0.344456% 0.000000% 0.000000% 0.000000% 0.344456% 0.512540% 0.000000% 0.000000% 0.000000% 0.512540% 150 Days 0.107643% 0.000000% 0.000000% 0.000000% 0.107643% 0.048692% 0.000000% 0.000000% 0.000000% 0.048692% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 5.360603% 0.000000% 0.000000% 0.000000% 5.360603% 5.181372% 0.000000% 0.000000% 0.000000% 5.181372%

~~SUBORDINATION~~OTHER ~~LEVEL/CREDIT~~INFORMATION ~~ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE~~ Current ~~Original~~Period ~~$ Original % Current $ Current %~~ Class% ~~Prepayment%~~A ~~Class~~Insufficient ~~CE-1~~Funds ~~255,698,100.00 98.99983445% 247,456,756.60 98.51098547% 1.489014%~~ 0.~~000000% Class B-2 251,436,100.~~00 ~~97.34969589%~~Principal ~~243,194,756.60~~Balance ~~96.81430995%~~of ~~1.696676%~~Contaminated ~~0.000000%~~Properties ~~Class B-1 246,787,100.00 95.54972072% 238,545,756.60 94.96357216% 1.850738%~~ 0.~~000000% Class M-4 225,609,100.~~00 ~~87.35013498%~~Periodic ~~217,367,756.60~~Advance ~~86.53274295% 2.364677% 0.000000% Class M-3 219~~237,~~798,100~~390.00 85.10026282% 211,556,756.60 84.21942024% 2.313323% 0.000000% Class M-2 206,238,100.00 79.85017392% 197,996,756.60 78.82126914% 5.398151% 0.000000% Class M-1 181,701,100.00 70.35006838% 173,459,756.60 69.05324306% 9.768026% 0.000000% Class A1-B 156,701,100.00 60.67070095% 148,459,756.60 59.10089959% 9.952343% 0.000000% Class A1-A 100.00 0.00003872% 100.00 0.00003981% 59.100860% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000040% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure50

~~Summary~~SUBORDINATION 12LEVEL/CREDIT ~~Month~~ENHANCEMENT/CLASS ~~REO~~PERCENTAGE History*AND ~~New~~PREPAYMENT ~~REO~~PERCENTAGE ~~Loans~~Current ~~Month~~Original ~~REO~~$ ~~Percentage~~Original ~~Loans~~% inCurrent ~~REO~~$ 0Current ~~Oct~~% Class% Prepayment% Class CE-041 0255,698,100.~~000~~00 98.99983445% ~~Original~~217,978,445.13 ~~Principal~~97.01521036% ~~Balance~~2.984790% 0.00000000% ~~Nov~~Class B-042 0251,436,100.~~000~~00 97.34969589% ~~Current~~213,716,445.13 ~~Principal~~95.11833094% ~~Balance~~1.896879% 0.00000000% ~~Dec~~Class B-041 0246,787,100.~~000~~00 95.54972072% ~~Jan-05~~209,067,445.13 093.~~000~~04921024% ~~Current~~2.069121% ~~REO~~0.000000% ~~Total~~Class ~~Feb~~M-054 0225,609,100.~~000~~00 87.35013498% ~~Loans~~187,889,445.13 in83.62356210% ~~REO~~2.643703% 0.000000% ~~Mar~~Class M-053 0219,798,100.~~000~~00 85.10026282% ~~Original~~182,078,445.13 ~~Principal~~81.03727249% ~~Balance~~2.586290% 0.00000000% ~~Apr~~Class M-052 0206,238,100.~~000~~00 79.85017392% ~~Current~~168,518,445.13 ~~Principal~~75.00215168% ~~Balance~~6.035121% 0.00000000% ~~May~~Class M-051 181,701,100.00 70.35006838% 143,981,445.13 64.08152044% 10.920631% 0.~~000~~000000% ~~Jun~~Class A1-05B 156,701,100.00 60.67070095% 118,981,445.13 52.95482276% 11.126698% 0.~~000~~000000% ~~Jul~~Class A1-05A 100.00 0.~~000~~00003872% ~~Aug-05~~100.00 0.~~000~~00004451% ~~Sep-05~~52.954778% 0.~~000~~000000% *TheClass ~~text~~P ~~reported~~0.00 in0.00000000% ~~the~~0.00 ~~above~~0.00000000% ~~table~~0.000045% is0.000000% ~~presented~~Class ~~graphically~~R-I on0.00 ~~the~~0.00000000% ~~monthly~~0.00 ~~bond~~0.00000000% ~~remittance~~0.000000% ~~report~~0.000000% ~~The~~Please ~~monthly~~Refer ~~bond~~to ~~remittance~~the ~~report~~Prospectus ~~can~~Supplement befor ~~viewed~~a ~~online~~Full atDescription ~~www~~of Loss Exposure.~~ctslink.com.~~

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 ~~Oct~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Nov~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Dec~~Mar-0405 0.000% ~~Jan~~Apr-05 0.000% Current Foreclosure Total ~~Feb~~May-05 0.000% Loans in Foreclosure 0 ~~Mar~~Jun-05 0.000% Original Principal Balance 0.00 ~~Apr~~Jul-05 0.000% Current Principal Balance 0.00 ~~May~~Aug-05 0.000% ~~Jun~~Sep-05 0.000% ~~Jul~~Oct-05 0.000% ~~Aug~~Nov-05 0.000% ~~Sep~~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 ~~Mixed~~History* ~~Fixed~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Gross~~Month ~~Coupon~~Bankruptcy ~~10.298654%~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Net~~Bankruptcy ~~Coupon~~0 ~~9.774760% Weighted Average Pass~~Jan-~~Through~~05 ~~Rate 9~~0.~~729760~~000% ~~Weighted~~Original ~~Average~~Principal ~~Maturity(Stepdown Calculation) 318 Beginning Scheduled Collateral Loan Count 5,227 Number Of Loans Paid In Full 121 Ending Scheduled Collateral Loan Count 5,106 Beginning Scheduled Collateral~~ Balance ~~258,281,341~~0.00 ~~Ending~~Feb-05 ~~Scheduled Collateral Balance 251,197,118~~0.20000% ~~Ending~~Current ~~Actual~~Principal ~~Collateral~~ Balance at0.00 31Mar-~~Aug-2005~~05 ~~251,327,889~~0.70000% ~~Monthly~~Apr-05 ~~P&I Constant 2,366,697~~0.08000% ~~Special~~Current ~~Servicing~~Bankruptcy ~~Fee~~Total May-05 0.00000% ~~Prepayment~~Loans ~~Penalties~~in ~~78,392.14~~Bankruptcy ~~Realized~~0 ~~Loss~~Jun-05 ~~Amount~~ 0.00000% ~~Cumulative~~Original ~~Realized~~Principal ~~Loss~~Balance 0.00 ~~Scheduled~~Jul-05 ~~Principal 150,071~~0.91000% ~~Unscheduled~~Current Principal ~~6,934,151~~Balance 0.1800 ~~Required~~Aug-05 ~~Overcollateralization~~0.000% ~~Amount~~Sep-05 0.00000% ~~Overcollateralized~~Oct-05 ~~Increase~~0.000% ~~Amount~~Nov-05 ~~1,157,120~~0.31000% ~~Overcollateralized~~Dec-05 ~~reduction Amount~~ 0.00000% ~~Specified~~*The ~~O/C~~text ~~Amount~~reported ~~14,980,317.79~~in ~~Overcollateralized~~the ~~Amount~~above ~~3,740,361.31~~table ~~Overcollateralized~~is ~~Deficiency~~presented ~~Amount~~graphically ~~11,239,588.16~~on ~~Base~~the ~~Overcollateralized~~monthly ~~Amount~~bond 0remittance report.00 ~~Extra~~The ~~principal~~monthly ~~distribution~~bond ~~Amount~~remittance ~~1,157,120.31~~report ~~Excess~~can ~~Cash~~be ~~Amount~~viewed 0online at www.00ctslink.com.

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~Summary~~Group ~~Loans~~Loan ~~Paid~~Month InLoan ~~Full~~First ~~Repurchased~~State ~~Loans~~LTV ~~Original~~at ~~Current~~ Original ~~Current~~Number ~~Principal~~Entered ~~Principal~~Payment ~~Principal~~Origination Principal ~~Group~~Bankruptcy ~~Count~~Date Balance ~~Balance~~No ~~Count~~Bankruptcy ~~Balance~~Loans ~~Balance~~this ~~Total 121 6,971,766.00 6,873,613.77 0 0.00 0.00~~Period

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period (continued) ~~Summary~~Group ~~Substitution~~Loan ~~Loans~~Current ~~Liquidated~~Paid ~~Loans~~To ~~Curtailments~~Months ~~Original~~ Current ~~Original~~Approximate ~~Current~~Number Principal ~~Principal~~Date ~~Principal~~Delinquent ~~Principal~~Loan ~~Curtailment~~Rate ~~Group~~Delinquent ~~Count~~ Balance ~~Balance~~Interest ~~Count~~No ~~Balance~~Bankruptcy ~~Balance~~Loans ~~Amount~~this ~~Total 0 0.00 0.00 0 0.00 0.00 3,653,448.42~~Period

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0110436153 NJ 100.00 01-Mar-2005 68,200.00 68,073.95 Summary 0110443481 MA 97.01 01-Apr-2005 79,600.00 79,474.52 Summary 0110443512 MA 95.00 01-Apr-2005 78,750.00 78,607.55 Summary 0110443692 NV 100.00 01-Apr-2005 39,397.00 39,243.64 Summary 0110443757 AZ 100.00 01-Apr-2005 94,292.00 94,159.07 Summary 0110443783 AZ 100.00 01-Apr-2005 41,000.00 40,891.93 Summary 0110444686 AZ 100.00 01-Apr-2005 35,088.00 34,973.80 Summary 0110444689 CA 100.00 01-Mar-2005 90,361.00 90,023.49 Summary 0110447334 CA 100.00 01-Apr-2005 95,583.00 95,337.27 Summary 0110452070 WA 95.00 01-May-2005 139,000.00 135,736.49 Summary 0110456448 WA 100.00 01-Mar-2005 24,600.00 24,525.92 Summary 0110457123 CA 100.00 01-May-2005 22,715.00 22,562.15 Summary 0110457141 AZ 99.96 01-May-2005 36,700.00 36,581.35 Summary 0110463052 TX 100.00 01-May-2005 30,536.00 30,496.09 Summary 0110463059 FL 100.00 01-May-2005 64,602.00 64,400.76 Summary 0110463593 NJ 91.38 01-Apr-2005 53,000.00 52,916.91 Summary 0110463611 CT 95.00 01-Apr-2005 12,750.00 12,423.25 Summary 0110463656 MA 92.93 01-Apr-2005 77,600.00 77,309.55 Summary 0110463720 MA 100.00 01-Feb-2005 66,000.00 65,821.60 Summary 0110463796 CA 100.00 01-Apr-2005 111,990.00 111,669.37 Summary 0110463839 NV 100.00 01-Apr-2005 73,500.00 73,320.83 Summary 0110463855 KY 100.00 01-Apr-2005 16,000.00 15,881.50 Summary 0110463873 NJ 90.00 01-Apr-2005 29,000.00 28,941.75 Summary 0110463939 WA 100.00 01-Apr-2005 42,990.00 42,887.85 Summary 0110464005 CA 100.00 01-Mar-2005 60,200.00 60,008.40 Summary 0110464007 HI 100.00 01-Apr-2005 120,000.00 119,646.19 Summary 0110464017 CA 100.00 01-Apr-2005 116,000.00 115,716.35 Summary 0110464038 CA 90.00 01-Apr-2005 37,000.00 36,891.48 Summary 0110464058 FL 100.00 01-Apr-2005 90,000.00 89,728.47 Summary 0110464066 CA 100.00 01-Apr-2005 47,980.00 47,803.46 Summary 0110464090 MA 100.00 01-Feb-2005 66,000.00 65,843.17 Summary 0110464183 FL 100.00 01-Apr-2005 36,200.00 36,114.07 Summary 0110464249 FL 100.00 01-Apr-2005 23,000.00 22,836.84 Summary 0110464257 FL 95.00 01-Apr-2005 8,250.00 8,032.47 Summary 0110464301 FL 100.00 01-Apr-2005 14,800.00 14,695.00 Summary 0110464335 NY 95.00 01-Apr-2005 21,250.00 20,975.89 Summary 0110464412 GA 100.00 01-Apr-2005 111,800.00 111,461.67 Summary 0110464424 FL 100.00 01-Apr-2005 41,200.00 41,062.38 Summary 0110464449 GA 95.00 01-Feb-2005 6,250.00 6,021.72 Summary 0110464481 NC 95.00 01-Mar-2005 32,550.00 32,443.87 Summary 0110464528 AZ 100.00 01-Apr-2005 29,930.00 29,699.84 Summary 0110464554 NV 95.00 01-Feb-2005 19,500.00 19,197.72 Summary 0110464697 TX 100.00 01-Apr-2005 27,700.00 27,639.33 Summary 0110464809 MO 100.00 01-Apr-2005 25,200.00 25,160.49 Summary 0110464886 IL 95.00 01-Apr-2005 7,850.00 7,621.78 Summary 0110464897 MI 100.00 01-Apr-2005 26,000.00 25,942.95 Summary 0110464999 IL 95.00 01-Apr-2005 5,250.00 5,105.53 Summary 0110465000 GA 95.00 01-Apr-2005 5,500.00 5,363.01 Summary 0110465040 MN 100.00 01-Feb-2005 104,290.00 103,974.34 Summary 0110465054 CA 100.00 01-Apr-2005 60,200.00 60,105.11 Summary 0110465062 NJ 95.00 01-Apr-2005 82,500.00 82,276.93 Summary 0110465088 NV 100.00 01-Apr-2005 171,800.00 171,381.25 Summary 0110465118 CA 90.00 01-Apr-2005 35,450.00 34,924.68 Summary 0110465128 VA 95.00 01-Apr-2005 19,800.00 19,555.02 Summary 0110465130 CA 100.00 01-Apr-2005 110,000.00 109,685.69 Summary 0110465143 CA 95.00 01-Apr-2005 10,750.00 10,462.33 Summary 0110465205 CA 90.00 01-Apr-2005 54,500.00 54,317.61 Summary 0110465236 CA 93.75 01-Apr-2005 187,500.00 187,097.76 Summary 0110465261 AZ 100.00 01-Apr-2005 98,478.00 98,181.54 Summary 0110465351 CA 95.00 01-Apr-2005 10,350.00 10,073.00 Summary 0110465397 CA 100.00 01-Mar-2005 120,250.00 119,933.04 Summary 0110465423 AZ 100.00 01-Apr-2005 44,000.00 43,880.47 Summary 0110465724 AZ 97.94 01-May-2005 95,000.00 94,703.81 Summary 0110466342 CA 64.44 01-Jun-2005 109,000.00 107,502.12 Summary 0110466383 NJ 76.69 01-Jun-2005 36,650.00 36,504.33 Summary 0110466387 IL 79.59 01-Jun-2005 48,250.00 47,586.48 Summary 0110466435 IL 79.55 01-Jun-2005 20,000.00 19,851.32 Summary 0110466627 IL 100.00 01-May-2005 58,424.00 58,312.02 Summary 0110466670 IL 100.00 01-Jan-2005 82,000.00 (83,350.29) Summary 0110466750 CA 100.00 01-May-2005 20,000.00 (20,317.22) Summary 0110466783 CA 100.00 01-May-2005 99,000.00 (100,528.78) Summary 0110466815 UT 100.00 01-Apr-2005 31,900.00 31,798.81 Summary 0110466858 IL 100.00 01-Jan-2005 96,000.00 95,742.65 Summary 0110466865 IL 100.00 01-May-2005 22,660.00 (22,985.84) Summary 0110466884 FL 100.00 01-May-2005 64,000.00 63,873.29 Summary 0110466951 OR 100.00 01-May-2005 73,200.00 73,091.97 Summary 0110466988 NY 100.00 01-May-2005 54,650.00 (55,482.37) Summary 0110467093 WA 100.00 01-May-2005 33,400.00 33,351.23 Summary 0110467242 NY 100.00 01-Feb-2005 68,000.00 (69,127.67) Summary 0110467273 FL 100.00 01-May-2005 30,000.00 29,944.90 Summary 0110467351 HI 100.00 01-May-2005 70,000.00 (71,110.31) Summary 0110467416 CA 100.00 01-May-2005 55,900.00 (56,798.30) Summary 0110467568 TX 100.00 01-May-2005 36,400.00 36,134.87 Summary 0110467570 CA 100.00 01-Apr-2005 145,400.00 144,997.51 Summary 0110467575 IL 100.00 01-Mar-2005 23,000.00 22,920.77 Summary 0110467775 AZ 100.00 01-Jan-2005 23,993.00 23,921.51 Summary 0110467817 AZ 100.00 01-Feb-2005 61,600.00 (62,736.53) Summary 0110467856 CA 100.00 01-May-2005 114,000.00 113,822.22 Summary 0110467863 AZ 100.00 01-May-2005 22,000.00 21,942.67 Summary 0110467963 FL 100.00 01-Jan-2005 48,600.00 (49,285.11) Summary 0110468094 IL 100.00 01-May-2005 60,000.00 59,882.49 Summary 0110468125 CA 100.00 01-Feb-2005 40,000.00 (40,590.06) Summary 0110468184 CA 100.00 01-Mar-2005 99,000.00 (100,665.19) Summary 0110468238 CA 100.00 01-Mar-2005 51,000.00 50,866.27 Summary 0110468258 CA 100.00 01-May-2005 48,000.00 47,926.78 Summary 0110468334 FL 100.00 01-Dec-2004 59,640.00 (60,492.83) Summary 0110468372 FL 100.00 01-Dec-2004 58,800.00 (59,637.93) Summary 0110468424 CA 100.00 01-May-2005 61,000.00 (61,896.72) Summary 0110468446 MD 100.00 01-May-2005 31,800.00 31,735.41 Summary 0110468466 CA 100.00 01-May-2005 91,000.00 (13,971.41) Summary 0110468515 IL 100.00 01-May-2005 28,000.00 27,946.31 Summary 0110468563 UT 100.00 01-May-2005 21,000.00 20,953.25 Summary 0110468590 IL 100.00 01-May-2005 87,364.00 (88,740.61) Summary 0110468699 FL 100.00 01-May-2005 84,000.00 (85,332.37) Summary 0110468700 CA 100.00 01-May-2005 107,859.00 (109,758.13) Summary 0110468730 IL 100.00 01-May-2005 92,360.00 (93,882.47) Summary 0110468789 CA 100.00 01-Apr-2005 116,000.00 (117,548.24) Summary 0110468893 AZ 94.87 01-May-2005 20,000.00 19,950.50 Summary 0110468904 CA 100.00 01-May-2005 53,600.00 53,452.90 Summary 0110468931 FL 100.00 01-May-2005 29,400.00 (29,860.16) Summary 0110469006 CA 100.00 01-May-2005 78,000.00 (79,096.43) Summary 0110469007 CA 100.00 01-May-2005 40,000.00 39,937.60 Summary 0110469017 FL 100.00 01-Feb-2005 29,400.00 (29,884.23) Summary 0110469089 IL 100.00 01-Feb-2005 45,300.00 (46,183.97) Summary 0110469132 CT 100.00 01-May-2005 23,600.00 (23,996.30) Summary 0110469162 CA 100.00 01-Jan-2005 89,800.00 (91,193.85) Summary 0110469171 AL 100.00 01-Jan-2005 49,000.00 48,733.67 Summary 0110469311 AZ 100.00 01-May-2005 29,500.00 (29,970.33) Summary 0110469530 CA 100.00 01-May-2005 55,004.00 (55,922.01) Summary 0110469536 CA 100.00 01-May-2005 98,400.00 98,246.59 Summary 0110469623 FL 100.00 01-May-2005 38,380.00 38,292.73

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0110436153 Loan Paid in Full 0 12.500% 360 6 Summary 0110443481 Loan Paid in Full 0 12.500% 180 5 Summary 0110443512 Loan Paid in Full 0 11.875% 180 5 Summary 0110443692 Loan Paid in Full 0 8.250% 180 5 Summary 0110443757 Loan Paid in Full 0 13.000% 180 5 Summary 0110443783 Loan Paid in Full 0 10.250% 180 5 Summary 0110444686 Loan Paid in Full 0 9.125% 180 5 Summary 0110444689 Loan Paid in Full 0 9.250% 180 6 Summary 0110447334 Loan Paid in Full 0 10.250% 180 5 Summary 0110452070 Loan Paid in Full 0 12.375% 180 4 Summary 0110456448 Loan Paid in Full 0 10.250% 240 6 Summary 0110457123 Loan Paid in Full 0 10.250% 240 4 Summary 0110457141 Loan Paid in Full 0 8.250% 180 4 Summary 0110463052 Loan Paid in Full 0 12.500% 180 4 Summary 0110463059 Loan Paid in Full 0 9.125% 180 4 Summary 0110463593 Loan Paid in Full 0 12.525% 360 5 Summary 0110463611 Loan Paid in Full 0 12.750% 120 5 Summary 0110463656 Loan Paid in Full 0 9.749% 360 5 Summary 0110463720 Loan Paid in Full 0 11.400% 360 7 Summary 0110463796 Loan Paid in Full 0 9.740% 360 5 Summary 0110463839 Loan Paid in Full 0 10.500% 360 5 Summary 0110463855 Loan Paid in Full 0 11.000% 240 5 Summary 0110463873 Loan Paid in Full 0 11.400% 360 5 Summary 0110463939 Loan Paid in Full 0 9.750% 360 5 Summary 0110464005 Loan Paid in Full 0 9.990% 360 6 Summary 0110464007 Loan Paid in Full 0 9.600% 360 5 Summary 0110464017 Loan Paid in Full 0 10.500% 360 5 Summary 0110464038 Loan Paid in Full 0 9.625% 360 5 Summary 0110464058 Loan Paid in Full 0 9.490% 360 5 Summary 0110464066 Loan Paid in Full 0 8.750% 360 5 Summary 0110464090 Loan Paid in Full 0 11.990% 360 7 Summary 0110464183 Loan Paid in Full 0 10.625% 360 5 Summary 0110464249 Loan Paid in Full 0 11.000% 240 5 Summary 0110464257 Loan Paid in Full 0 12.250% 120 5 Summary 0110464301 Loan Paid in Full 0 11.000% 240 5 Summary 0110464335 Loan Paid in Full 0 11.500% 180 5 Summary 0110464412 Loan Paid in Full 0 9.475% 360 5 Summary 0110464424 Loan Paid in Full 0 9.000% 360 5 Summary 0110464449 Loan Paid in Full 0 11.750% 120 7 Summary 0110464481 Loan Paid in Full 0 9.875% 360 6 Summary 0110464528 Loan Paid in Full 0 10.375% 240 5 Summary 0110464554 Loan Paid in Full 0 12.750% 180 7 Summary 0110464697 Loan Paid in Full 0 11.000% 360 5 Summary 0110464809 Loan Paid in Full 0 12.525% 360 5 Summary 0110464886 Loan Paid in Full 0 11.900% 120 5 Summary 0110464897 Loan Paid in Full 0 10.990% 360 5 Summary 0110464999 Loan Paid in Full 0 11.500% 120 5 Summary 0110465000 Loan Paid in Full 0 13.250% 120 5 Summary 0110465040 Loan Paid in Full 0 10.875% 360 7 Summary 0110465054 Loan Paid in Full 0 12.500% 360 5 Summary 0110465062 Loan Paid in Full 0 10.250% 360 5 Summary 0110465088 Loan Paid in Full 0 10.500% 360 5 Summary 0110465118 Loan Paid in Full 0 9.990% 180 5 Summary 0110465128 Loan Paid in Full 0 11.950% 180 5 Summary 0110465130 Loan Paid in Full 0 9.749% 360 5 Summary 0110465143 Loan Paid in Full 0 11.990% 120 5 Summary 0110465205 Loan Paid in Full 0 8.990% 360 5 Summary 0110465236 Loan Paid in Full 0 11.125% 360 5 Summary 0110465261 Loan Paid in Full 0 9.500% 360 5 Summary 0110465351 Loan Paid in Full 0 11.990% 120 5 Summary 0110465397 Loan Paid in Full 0 10.875% 360 6 Summary 0110465423 Loan Paid in Full 0 9.990% 360 5 Summary 0110465724 Loan Paid in Full 0 9.125% 180 4 Summary 0110466342 Loan Paid in Full 0 6.100% 180 3 Summary 0110466383 Loan Paid in Full 0 6.050% 180 3 Summary 0110466387 Loan Paid in Full 0 6.100% 180 3 Summary 0110466435 Loan Paid in Full 0 6.450% 180 3 Summary 0110466627 Loan Paid in Full 0 10.750% 360 4 Summary 0110466670 Loan Paid in Full 0 11.650% 360 8 Summary 0110466750 Loan Paid in Full 0 10.700% 360 4 Summary 0110466783 Loan Paid in Full 0 10.500% 360 4 Summary 0110466815 Loan Paid in Full 0 9.250% 360 5 Summary 0110466858 Loan Paid in Full 0 12.000% 360 8 Summary 0110466865 Loan Paid in Full 0 10.000% 360 4 Summary 0110466884 Loan Paid in Full 0 10.600% 360 4 Summary 0110466951 Loan Paid in Full 0 11.950% 360 4 Summary 0110466988 Loan Paid in Full 0 10.400% 360 4 Summary 0110467093 Loan Paid in Full 0 12.000% 360 4 Summary 0110467242 Loan Paid in Full 0 11.550% 360 7 Summary 0110467273 Loan Paid in Full 0 10.950% 360 4 Summary 0110467351 Loan Paid in Full 0 10.700% 360 4 Summary 0110467416 Loan Paid in Full 0 10.800% 360 4 Summary 0110467568 Loan Paid in Full 0 9.450% 360 4 Summary 0110467570 Loan Paid in Full 0 9.900% 360 5 Summary 0110467575 Loan Paid in Full 0 11.300% 360 6 Summary 0110467775 Loan Paid in Full 0 11.550% 360 8 Summary 0110467817 Loan Paid in Full 0 12.400% 360 7 Summary 0110467856 Loan Paid in Full 0 11.700% 360 4 Summary 0110467863 Loan Paid in Full 0 9.300% 360 4 Summary 0110467963 Loan Paid in Full 0 10.650% 360 8 Summary 0110468094 Loan Paid in Full 0 10.650% 360 4 Summary 0110468125 Loan Paid in Full 0 10.750% 360 7 Summary 0110468184 Loan Paid in Full 0 11.500% 360 6 Summary 0110468238 Loan Paid in Full 0 10.900% 360 6 Summary 0110468258 Loan Paid in Full 0 11.800% 360 4 Summary 0110468334 Loan Paid in Full 0 10.900% 360 9 Summary 0110468372 Loan Paid in Full 0 10.900% 360 9 Summary 0110468424 Loan Paid in Full 0 10.150% 360 4 Summary 0110468446 Loan Paid in Full 0 12.250% 360 4 Summary 0110468466 Loan Paid in Full 0 11.250% 360 4 Summary 0110468515 Loan Paid in Full 0 10.750% 360 4 Summary 0110468563 Loan Paid in Full 0 10.050% 360 4 Summary 0110468590 Loan Paid in Full 0 10.650% 360 4 Summary 0110468699 Loan Paid in Full 0 10.700% 360 4 Summary 0110468700 Loan Paid in Full 0 11.550% 360 4 Summary 0110468730 Loan Paid in Full 0 11.000% 360 4 Summary 0110468789 Loan Paid in Full 0 9.750% 360 5 Summary 0110468893 Loan Paid in Full 0 9.550% 360 4 Summary 0110468904 Loan Paid in Full 0 9.050% 360 4 Summary 0110468931 Loan Paid in Full 0 10.600% 360 4 Summary 0110469006 Loan Paid in Full 0 9.850% 360 4 Summary 0110469007 Loan Paid in Full 0 11.700% 360 4 Summary 0110469017 Loan Paid in Full 0 11.500% 360 7 Summary 0110469089 Loan Paid in Full 0 12.900% 360 7 Summary 0110469132 Loan Paid in Full 0 11.150% 360 4 Summary 0110469162 Loan Paid in Full 0 11.300% 360 8 Summary 0110469171 Loan Paid in Full 0 10.700% 360 8 Summary 0110469311 Loan Paid in Full 0 10.750% 360 4 Summary 0110469530 Loan Paid in Full 0 11.100% 360 4 Summary 0110469536 Loan Paid in Full 0 11.700% 360 4 Summary 0110469623 Loan Paid in Full 0 9.950% 360 4

Summary SMM CPR PSA Current Month 2.686% Current Month 27.875% Current Month 3,025.230% 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. 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 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 27.875% N/A Sep-2005 3,025.230% 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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~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. ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Jan-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Feb-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Mar-~~2004~~2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Jan~~Apr-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Feb~~May-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Mar~~Jun-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~Apr~~Jul-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~May~~Aug-2005 N/A N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Sep-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Oct-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Aug~~Nov-2005 ~~N/A~~0.000% N/A ~~Sep~~Dec-2005 0.000% N/A ~~Sep~~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 · ACE Securities Corp. Home Equity Loan Trust, Series 2005-SL1