8-K 1 prm05001_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 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-03 Pooling and Servicing Agreement) (Commission 54-2168035 (State or other File Number) 54-2168036 jurisdiction 54-2168037 of Incorporation) 54-2168038 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 PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2005-1 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 2005-1 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-1 Trust, relating to the December 27, 2005 distribution. EX-99.1 Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Series 2005-1 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

Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Series 2005-1 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~~ I-A-1 74160MGJ5 ~~SEN~~ 5.50000% ~~104~~98,~~656~~199,~~966~~373.5208 ~~479~~449,~~677~~534.7603 I-A-2 74160MGK2 ~~SEN~~ 5.50000% 4,033,796.00 18,~~488~~465.2379 I-A-3 74160MGL0 ~~SEN~~ 5.35000% 17,400,000.00 77,575.00 I-A-4 74160MGM8 ~~SEN~~ 0.08000% 0.00 1,~~160~~158.0059 I-A-5 74160MGN6 ~~SEN~~ 5.50000% 15,496,000.00 7170,~~023~~937.3311 I-A-6 74160MGP1 ~~SEN 3~~4.~~86000~~59375% 1211,~~404~~457,~~351~~604.6862 3943,~~900~~807.6689 I-A-7 74160MGQ9 ~~SEN 4~~3.~~14000~~40625% 0.00 4232,~~795~~483.0140 I-A-8 74160MGZ9 ~~SEN~~ 5.50000% 504,000.00 2,~~310~~307.0020 I-PO 74160MGR7 ~~SEN~~ 0.00000% 1,~~383~~360,~~169~~282.8755 0.00 R-1 74160MGS5 ~~RES~~ 5.50000% 0.00 0.00 I-B-1 74160MGT3 ~~SUB~~ 5.~~72708~~71215% 3,~~188~~172,~~815~~963.0762 15,~~218~~085.8438 I-B-2 74160MGU0 ~~SUB~~ 5.~~72708~~71215% 1,~~093~~087,~~052~~619.7422 5,~~216~~170.6792 I-B-3 74160MGV8 ~~SUB~~ 5.~~72708~~71215% ~~637~~634,~~365~~197.9058 3,~~041~~015.8720 I-B-4 74160MGW6 ~~SUB~~ 5.~~72708~~71215% ~~364~~362,~~350~~539.9174 1,~~738~~723.8964 I-B-5 74160MGX4 ~~SUB~~ 5.~~72708~~71215% ~~274~~272,~~007~~645.7769 1,~~307~~296.7225 I-B-6 74160MGY2 ~~SUB~~ 5.~~72708~~71215% ~~364~~363,~~932~~471.1713 1,~~741~~728.6607 RADIAN ~~SEN~~ 0.07000% 0.00 1,015.00 Totals ~~161~~154,~~800~~344,~~808~~493.6323 ~~762~~725,~~210~~303.6447

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses I-A-1 31,~~617~~065,~~064~~964.5860 0.00 ~~101~~97,~~039~~133,~~901~~408.9447 41,~~096~~515,~~742~~498.3463 0.00 I-A-2 0.00 0.00 4,033,796.00 18,~~488~~465.2379 0.00 I-A-3 0.00 0.00 17,400,000.00 77,575.00 0.00 I-A-4 0.00 0.00 0.00 1,~~160~~158.0059 0.00 I-A-5 0.00 0.00 15,496,000.00 7170,~~023~~937.3311 0.00 I-A-6 ~~434~~54,~~611~~862.8129 0.00 11,~~969~~402,~~739~~742.8633 ~~474~~98,~~512~~670.4718 0.00 I-A-7 0.00 0.00 0.00 4232,~~795~~483.0140 0.00 I-A-8 0.00 0.00 504,000.00 2,~~310~~307.0020 0.00 I-PO 23,~~953~~113.0427 0.00 1,~~380~~357,~~216~~169.8428 23,~~953~~113.0427 0.00 R-1 0.00 0.00 0.00 0.00 0.00 I-B-1 34,~~928~~015.9762 0.00 3,~~184~~168,~~886~~947.1099 19,~~147~~101.8100 0.00 I-B-2 1,~~346~~376.7646 0.00 1,~~091~~086,~~705~~242.9876 6,~~563~~547.4338 0.00 I-B-3 ~~785~~802.3062 0.00 ~~636~~633,~~580~~394.6096 3,~~827~~817.1782 0.00 I-B-4 ~~448~~458.9282 0.00 ~~363~~362,~~901~~080.9992 2,~~187~~182.8146 0.00 I-B-5 ~~337~~345.6105 0.00 ~~273~~272,~~670~~300.1664 1,~~645~~641.3330 0.00 I-B-6 ~~374~~456.1385 0.00 ~~364~~363,~~558~~014.0429 2,~~115~~184.7992 0.00 RADIAN 0.00 0.00 0.00 1,015.00 0.00 Totals 41,~~061~~131,~~851~~395.1258 0.00 ~~157~~153,~~738~~213,~~957~~097.5164 41,~~824~~856,~~061~~699.7605 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)~~ I-A-1 122,951,000.00 ~~104~~98,~~656~~199,~~966~~373.5208 ~~176~~173,~~184~~005.4057 3892,~~440,880~~959.1704 0.00 0.00 I-A-2 4,033,796.00 4,033,796.00 0.00 0.00 0.00 0.00 I-A-3 17,400,000.00 17,400,000.00 0.00 0.00 0.00 0.00 I-A-4 0.00 0.00 0.00 0.00 0.00 0.00 I-A-5 15,496,000.00 15,496,000.00 0.00 0.00 0.00 0.00 I-A-6 15,731,068.00 1211,~~404~~457,~~351~~604.6862 1413,~~319~~942.4916 ~~420~~40,~~292~~920.3213 0.00 0.00 I-A-7 0.00 0.00 0.00 0.00 0.00 0.00 I-A-8 504,000.00 504,000.00 0.00 0.00 0.00 0.00 I-PO 1,458,035.73 1,~~383~~360,~~169~~282.8755 2,~~741~~787.9712 ~~211~~326.0715 0.00 0.00 R-1 100.00 0.00 0.00 0.00 0.00 0.00 I-B-1 3,212,000.00 3,~~188~~172,~~815~~963.0762 34,~~928~~015.9762 0.00 0.00 0.00 I-B-2 1,101,000.00 1,~~093~~087,~~052~~619.7422 1,~~346~~376.7646 0.00 0.00 0.00 I-B-3 642,000.00 ~~637~~634,~~365~~197.9058 ~~785~~802.3062 0.00 0.00 0.00 I-B-4 367,000.00 ~~364~~362,~~350~~539.9174 ~~448~~458.9282 0.00 0.00 0.00 I-B-5 276,000.00 ~~274~~272,~~007~~645.7769 ~~337~~345.6105 0.00 0.00 0.00 I-B-6 367,285.25 ~~364~~363,~~932~~471.1713 ~~374~~456.1385 0.00 0.00 0.00 RADIAN 0.00 0.00 0.00 0.00 0.00 0.00 Totals 183,539,284.98 ~~161~~154,~~800~~344,~~808~~493.6323 ~~200~~197,~~467~~190.5527 3934,~~861,383~~205.5632 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 I-A-1 31,~~617~~065,~~064~~964.5860 ~~101~~97,~~039~~133,~~901~~408.9447 0.~~82179000~~790017 31,~~617~~065,~~064~~964.5860 I-A-2 0.00 4,033,796.00 1.~~00000000~~000000 0.00 I-A-3 0.00 17,400,000.00 1.~~00000000~~000000 0.00 I-A-4 0.00 0.00 0.~~00000000~~000000 0.00 I-A-5 0.00 15,496,000.00 1.~~00000000~~000000 0.00 I-A-6 ~~434~~54,~~611~~862.8129 11,~~969~~402,~~739~~742.8633 0.~~76089811~~724855 ~~434~~54,~~611~~862.8129 I-A-7 0.00 0.00 0.~~00000000~~000000 0.00 I-A-8 0.00 504,000.00 1.~~00000000~~000000 0.00 I-PO 23,~~953~~113.0427 1,~~380~~357,~~216~~169.8428 0.~~94662758~~930820 23,~~953~~113.0427 R-1 0.00 0.00 0.~~00000000~~000000 0.00 I-B-1 34,~~928~~015.9762 3,~~184~~168,~~886~~947.1099 0.~~99155856~~986597 34,~~928~~015.9762 I-B-2 1,~~346~~376.7646 1,~~091~~086,~~705~~242.9876 0.~~99155856~~986597 1,~~346~~376.7646 I-B-3 ~~785~~802.3062 ~~636~~633,~~580~~394.6096 0.~~99155857~~986597 ~~785~~802.3062 I-B-4 ~~448~~458.9282 ~~363~~362,~~901~~080.9992 0.~~99155856~~986597 ~~448~~458.9282 I-B-5 ~~337~~345.6105 ~~273~~272,~~670~~300.1664 0.~~99155855~~986597 ~~337~~345.6105 I-B-6 ~~374~~456.1385 ~~364~~363,~~558~~014.0429 0.~~99257468~~988372 ~~374~~456.1385 RADIAN 0.00 0.00 0.~~00000000~~000000 0.00 Totals 41,~~061~~131,~~851~~395.1258 ~~157~~153,~~738~~213,~~957~~097.5164 0.~~85942885~~834770 41,~~061~~131,~~851~~395.1258

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ I-A-1 122,951,000.00 ~~851~~798.~~20874592~~687063 1.~~43296435~~407110 277.~~98578434~~262723 0.~~00000000~~000000 I-A-2 4,033,796.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-3 17,400,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-4 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-5 15,496,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-6 15,731,068.00 ~~788~~728.~~52571739~~342451 0.~~91026814~~886282 262.~~71734176~~601230 0.~~00000000~~000000 I-A-7 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-8 504,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-PO 1,458,035.73 ~~948~~932.~~65293185~~955566 1.~~88059177~~911558 0.~~14476326~~223691 0.~~00000000~~000000 R-1 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-B-1 3,212,000.00 ~~992~~987.~~78177771~~846706 1.~~22321606~~250193 0.~~00000000~~000000 0.~~00000000~~000000 I-B-2 1,101,000.00 ~~992~~987.~~78178020~~846703 1.~~22321526~~250191 0.~~00000000~~000000 0.~~00000000~~000000 I-B-3 642,000.00 ~~992~~987.~~78177570~~846698 1.~~22320872~~250187 0.~~00000000~~000000 0.~~00000000~~000000 I-B-4 367,000.00 ~~992~~987.~~78177112~~846703 1.~~22321526~~250191 0.~~00000000~~000000 0.~~00000000~~000000 I-B-5 276,000.00 ~~992~~987.~~78177536~~846703 1.~~22322464~~250181 0.~~00000000~~000000 0.~~00000000~~000000 I-B-6 367,285.25 ~~993~~989.~~59331746~~615374 1.~~01863606~~243856 0.~~00000000~~000000 0.~~00000000~~000000 RADIAN 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~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 I-A-1 0.~~00000000~~000000 298.~~41874877~~669833 ~~821~~790.~~78999715~~017230 0.~~82179000~~790017 298.~~41874877~~669833 I-A-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 I-A-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 I-A-4 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 I-A-6 0.~~00000000~~000000 273.~~62760990~~487512 ~~760~~724.~~89810685~~854939 0.~~76089811~~724855 273.~~62760990~~487512 I-A-7 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-A-8 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 I-PO 0.~~00000000~~000000 2.~~02535503~~135249 ~~946~~930.~~62758367~~820317 0.~~94662758~~930820 2.~~02535503~~135249 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-B-1 0.~~00000000~~000000 1.~~22321606~~250193 ~~991~~986.~~55856164~~596510 0.~~99155856~~986597 1.~~22321606~~250193 I-B-2 0.~~00000000~~000000 1.~~22321526~~250191 ~~991~~986.~~55856494~~596512 0.~~99155856~~986597 1.~~22321526~~250191 I-B-3 0.~~00000000~~000000 1.~~22320872~~250187 ~~991~~986.~~55856698~~596511 0.~~99155857~~986597 1.~~22320872~~250187 I-B-4 0.~~00000000~~000000 1.~~22321526~~250191 ~~991~~986.~~55855586~~596512 0.~~99155856~~986597 1.~~22321526~~250191 I-B-5 0.~~00000000~~000000 1.~~22322464~~250181 ~~991~~986.~~55855072~~596522 0.~~99155855~~986597 1.~~22322464~~250181 I-B-6 0.~~00000000~~000000 1.~~01863606~~243856 ~~992~~988.~~57468140~~371545 0.~~99257468~~988372 1.~~01863606~~243856 RADIAN 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.~~000000

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~~ I-A-1 ~~122,951,000.00~~11/01/05 - 11/30/05 30 5.50000% ~~104~~98,~~656~~199,~~966~~373.5208 ~~479~~450,~~677~~080.7646 0.00 ~~0.00~~ I-A-2 ~~4,033,796.00~~11/01/05 - 11/30/05 30 5.50000% 4,033,796.00 18,488.23 0.00 ~~0.00~~ I-A-3 ~~17,400,000.00~~11/01/05 - 11/30/05 30 5.35000% 17,400,000.00 77,575.00 0.00 ~~0.00~~ I-A-4 ~~0.00~~11/01/05 - 11/30/05 30 0.08000% 17,400,000.00 1,160.00 0.00 ~~0.00~~ I-A-5 ~~15,496,000.00~~11/01/05 - 11/30/05 30 5.50000% 15,496,000.00 71,023.33 0.00 ~~0.00~~ I-A-6 ~~15,731,068.00~~11/25/05 3- 12/24/05 30 4.~~86000~~59375% 1211,~~404~~457,~~351~~604.6862 3943,~~900~~861.6614 0.00 ~~0.00~~ I-A-7 ~~0.00~~11/25/05 4- 12/24/05 30 3.~~14000~~40625% 1211,~~404~~457,~~351~~604.6862 4232,~~795~~522.0189 0.00 ~~0.00~~ I-A-8 ~~504,000.00~~11/01/05 - 11/30/05 30 5.50000% 504,000.00 2,310.00 0.00 ~~0.00~~ I-PO ~~1,458,035.73~~N/A N/A 0.00000% 1,~~383~~360,~~169~~282.8755 0.00 0.00 ~~0.00~~ R-1 ~~100.00~~N/A N/A 5.50000% 0.00 0.00 0.00 ~~0.00~~ I-B-1 ~~3,212,000.00~~11/01/05 - 11/30/05 30 5.~~72708~~71215% 3,~~188~~172,~~815~~963.0762 15,~~218~~103.8472 0.00 ~~0.00~~ I-B-2 ~~1,101,000.00~~11/01/05 - 11/30/05 30 5.~~72708~~71215% 1,~~093~~087,~~052~~619.7422 5,~~216~~177.6721 0.00 ~~0.00~~ I-B-3 ~~642,000.00~~11/01/05 - 11/30/05 30 5.~~72708~~71215% ~~637~~634,~~365~~197.9058 3,~~041~~018.8786 0.00 ~~0.00~~ I-B-4 ~~367,000.00~~11/01/05 - 11/30/05 30 5.~~72708~~71215% ~~364~~362,~~350~~539.9174 1,~~738~~725.8974 0.00 ~~0.00~~ I-B-5 ~~276,000.00~~11/01/05 - 11/30/05 30 5.~~72708~~71215% ~~274~~272,~~007~~645.7769 1,~~307~~297.7283 0.00 ~~0.00~~ I-B-6 ~~367,285.25~~11/01/05 - 11/30/05 30 5.~~72708~~71215% ~~364~~363,~~932~~471.1713 1,~~741~~730.6617 0.00 ~~0.00~~ RADIAN ~~0.00~~11/01/05 - 11/30/05 30 0.07000% 17,400,000.00 1,015.00 0.00 ~~0.00~~ Totals ~~183~~726,~~539,284~~089.9858 ~~762,210.64~~ 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 I-A-1 0.00 0546.0043 ~~479~~449,~~677~~534.7603 0.00 ~~101~~97,~~039~~133,~~901~~408.9447 I-A-2 0.00 022.0045 18,~~488~~465.2379 0.00 4,033,796.00 I-A-3 0.00 0.00 77,575.00 0.00 17,400,000.00 I-A-4 0.00 01.0041 1,~~160~~158.0059 0.00 17,400,000.00 I-A-5 0.00 086.0023 7170,~~023~~937.3311 0.00 15,496,000.00 I-A-6 0.00 053.0025 3943,~~900~~807.6689 0.00 11,~~969~~402,~~739~~742.8633 I-A-7 0.00 039.0049 4232,~~795~~483.0140 0.00 11,~~969~~402,~~739~~742.8633 I-A-8 0.00 02.0080 2,~~310~~307.0020 0.00 504,000.00 I-PO 0.00 0.00 0.00 0.00 1,~~380~~357,~~216~~169.8428 R-1 0.00 0.00 0.00 0.00 0.00 I-B-1 0.00 018.0034 15,~~218~~085.8438 0.00 3,~~184~~168,~~886~~947.1099 I-B-2 0.00 06.0029 5,~~216~~170.6792 0.00 1,~~091~~086,~~705~~242.9876 I-B-3 0.00 03.0067 3,~~041~~015.8720 0.00 ~~636~~633,~~580~~394.6096 I-B-4 0.00 02.0010 1,~~738~~723.8964 0.00 ~~363~~362,~~901~~080.9992 I-B-5 0.00 01.0058 1,~~307~~296.7225 0.00 ~~273~~272,~~670~~300.1664 I-B-6 0.00 02.0010 1,~~741~~728.6607 0.00 ~~364~~363,~~558~~014.0429 RADIAN 0.00 0.00 1,015.00 0.00 17,400,000.00 Totals 0.00 0786.0014 ~~762~~725,~~210~~303.6447 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~~ I-A-1 11/01/05 - 11/30/05 122,951,000.00 5.50000% ~~851~~798.~~20874592~~687063 3.~~90137339~~660649 0.~~00000000~~000000 ~~0.00000000~~ I-A-2 11/01/05 - 11/30/05 4,033,796.00 5.50000% 1000.~~00000000~~000000 4.~~58333292~~583333 0.~~00000000~~000000 ~~0.00000000~~ I-A-3 11/01/05 - 11/30/05 17,400,000.00 5.35000% 1000.~~00000000~~000000 4.~~45833333~~458333 0.~~00000000~~000000 ~~0.00000000~~ I-A-4 11/01/05 - 11/30/05 0.00 0.08000% 1000.~~00000000~~000000 0.~~06666667~~066667 0.~~00000000~~000000 ~~0.00000000~~ I-A-5 11/01/05 - 11/30/05 15,496,000.00 5.50000% 1000.~~00000000~~000000 4.~~58333312~~583333 0.~~00000000~~000000 ~~0.00000000~~ I-A-6 11/25/05 - 12/24/05 15,731,068.00 34.~~86000~~59375% ~~788~~728.~~52571739~~342451 2.~~53642410~~788186 0.~~00000000~~000000 ~~0.00000000~~ I-A-7 11/25/05 - 12/24/05 0.00 43.~~14000~~40625% ~~788~~728.~~52571739~~342451 2.~~72041352~~067431 0.~~00000000~~000000 ~~0.00000000~~ I-A-8 11/01/05 - 11/30/05 504,000.00 5.50000% 1000.~~00000000~~000000 4.~~58333333~~583333 0.~~00000000~~000000 ~~0.00000000~~ I-PO N/A 1,458,035.73 0.00000% ~~948~~932.~~65293185~~955566 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-1 N/A 100.00 5.50000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ I-B-1 11/01/05 - 11/30/05 3,212,000.00 5.~~72708~~71215% ~~992~~987.~~78177771~~846706 4.~~73811955~~702279 0.~~00000000~~000000 ~~0.00000000~~ I-B-2 11/01/05 - 11/30/05 1,101,000.00 5.~~72708~~71215% ~~992~~987.~~78178020~~846703 4.~~73811989~~702280 0.~~00000000~~000000 ~~0.00000000~~ I-B-3 11/01/05 - 11/30/05 642,000.00 5.~~72708~~71215% ~~992~~987.~~78177570~~846698 4.~~73811526~~702274 0.~~00000000~~000000 ~~0.00000000~~ I-B-4 11/01/05 - 11/30/05 367,000.00 5.~~72708~~71215% ~~992~~987.~~78177112~~846703 4.~~73811989~~702289 0.~~00000000~~000000 ~~0.00000000~~ I-B-5 11/01/05 - 11/30/05 276,000.00 5.~~72708~~71215% ~~992~~987.~~78177536~~846703 4.~~73811594~~702283 0.~~00000000~~000000 ~~0.00000000~~ I-B-6 11/01/05 - 11/30/05 367,285.25 5.~~72708~~71215% ~~993~~989.~~59331746~~615374 4.~~74198188~~710698 0.~~00000000~~000000 ~~0.00000000~~ RADIAN 11/01/05 - 11/30/05 0.00 0.07000% 1000.~~00000000~~000000 0.~~05833333~~058333 0.~~00000000 0.00000000 (5) Per $1 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 I-A-1 0.~~00000000~~000000 0.~~00000000~~004444 3.~~90137339~~656205 0.~~00000000~~000000 ~~821~~790.~~78999715~~017230 I-A-2 0.~~00000000~~000000 0.~~00000000~~005565 4.~~58333292~~577770 0.~~00000000~~000000 1000.~~00000000~~000000 I-A-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~45833333~~458333 0.~~00000000~~000000 1000.~~00000000~~000000 I-A-4 0.~~00000000~~000000 0.~~00000000~~000081 0.~~06666667~~066586 0.~~00000000~~000000 1000.~~00000000~~000000 I-A-5 0.~~00000000~~000000 0.~~00000000~~005565 4.~~58333312~~577769 0.~~00000000~~000000 1000.~~00000000~~000000 I-A-6 0.~~00000000~~000000 0.~~00000000~~003385 2.~~53642410~~784801 0.~~00000000~~000000 ~~760~~724.~~89810685~~854939 I-A-7 0.~~00000000~~000000 0.~~00000000~~002510 2.~~72041352~~064920 0.~~00000000~~000000 ~~760~~724.~~89810685~~854939 I-A-8 0.~~00000000~~000000 0.~~00000000~~005556 4.~~58333333~~577778 0.~~00000000~~000000 1000.~~00000000~~000000 I-PO 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~946~~930.~~62758367~~820317 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 I-B-1 0.~~00000000~~000000 0.~~00000000~~005710 4.~~73811955~~696569 0.~~00000000~~000000 ~~991~~986.~~55856164~~596510 I-B-2 0.~~00000000~~000000 0.~~00000000~~005713 4.~~73811989~~696567 0.~~00000000~~000000 ~~991~~986.~~55856494~~596512 I-B-3 0.~~00000000~~000000 0.~~00000000~~005717 4.~~73811526~~696573 0.~~00000000~~000000 ~~991~~986.~~55856698~~596511 I-B-4 0.~~00000000~~000000 0.~~00000000~~005722 4.~~73811989~~696567 0.~~00000000~~000000 ~~991~~986.~~55855586~~596512 I-B-5 0.~~00000000~~000000 0.~~00000000~~005725 4.~~73811594~~696558 0.~~00000000~~000000 ~~991~~986.~~55855072~~596522 I-B-6 0.~~00000000~~000000 0.~~00000000~~005718 4.~~74198188~~704981 0.~~00000000~~000000 ~~992~~988.~~57468140~~371545 RADIAN 0.~~00000000~~000000 0.~~00000000~~000000 0.~~05833333~~058333 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~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 41,~~853~~873,~~137~~457.2998 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 094.0018 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 722,~~329~~480.5860 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Swap/Cap Payments 0.00 Total Deposits 41,~~860~~896,~~466~~032.8776 Withdrawals ~~Reimbursement~~Swap ~~for~~Payments ~~Servicer~~0.00 ~~Advances~~Reserve Funds and Credit Enhancements 0.00 ~~Payment~~Reimbursement offor ~~Service~~Servicer ~~Fee~~Advances 4,606.36 Total Administration Fees 34,~~405~~727.1135 Payment of Interest and Principal 41,~~824~~856,~~061~~699.7605 Total Withdrawals (Pool Distribution Amount) 41,~~860~~896,~~466~~032.8776 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0880.0032

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* 3332,~~708~~154.4396 Master Servicing Fee 2,~~696~~572.6839 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees 3634,~~405~~727.1135 *Servicer Payees include: AFFINITY CREDIT UNION; ASSOCIATED CREDIT UNION; BANK FUND STAFF FCU; BETHPAGE FCU; BOULDER VALLEY; EMC MTG CORP; GREYSTONE; GTE FEDERAL CREDIT UNION; HSBC BANK USA, NA; MIDWEST LOAN SERVICES; NATIONAL CITY MTG CO; NAVY FEDERAL CREDIT UNION; WATERFIELD MTG CORP; WESCOM

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance ~~Financial~~Class ~~Guaranty~~I-A-3 0Reserve 19,491.0080 094.0018 0.00 019,397.0062 ~~Reserve~~Account ~~Fund~~Class ~~19,711~~I-A-3 Rounding 999.3299 0.00 0.00 ~~19,711~~999.3299 ~~Reserve~~Account ~~Fund~~OTHER ~~999.99~~ACCOUNTS Account Name Funds In (A) Funds Out(B) Net Amount(A - B) Radian Guaranty Fee 0.00 0.00 ~~999~~0.9900

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~Fixed ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.915212% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.665212% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of5.645212% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~337 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~332 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~2 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 3330 0Beginning 0Scheduled 0Collateral 3Balance 1154,~~251~~343,~~168~~841.2133 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 1Balance 153,~~251~~213,~~168~~096.2168 60Ending ~~Days~~Actual 0Collateral 0Balance 0at 030-Nov-2005 ~~0 0~~153,371,050.~~00 0.00 0.00 0.00 0.00~~ 90 ~~Days~~Monthly 0P&I 0Constant ~~0 0 0 0~~957,353.0006 ~~0.00~~Special ~~0.00~~Servicing ~~0.00~~Fee 0.00 ~~120~~Realized ~~Days~~Loss 0Amount 0 ~~0 0 0 0~~.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~150~~Scheduled ~~Days~~Principal ~~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 3 0 0 0 3 1~~196,~~251,168~~539.2133 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 1~~934,~~251,168~~205.21 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 0.884956% 0.000000% 0.000000% 0.000000% 0.884956% 0.792429% 0.000000% 0.000000% 0.000000% 0.792429% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.884956% 0.000000% 0.000000% 0.000000% 0.884956% 0.792429% 0.000000% 0.000000% 0.000000% 0.792429%32

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Deal ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~Subordinate Percentage Subgroup 1 3.823917% Subordinate Percentage Subgroup 2 4.182019% Senior Prepayment Percentage Subgroup 1 100.000000% Senior Prepayment Percentage Subgroup 2 100.000000% Senior Percentage Subgroup 1 96.176083% Senior Percentage Subgroup 2 95.817981% Subordinate Prep Percentage Subgroup 1 0.00000000% ~~Principal~~Subordinate ~~Balance~~Prep ofPercentage ~~Contaminated~~Subgroup ~~Properties~~2 0.00000000% ~~Periodic~~Average ~~Advance~~Loss ~~7,329~~Severity Percentage 0.58000000%

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT ~~Original~~STATEMENT $DELINQUENT ~~Original~~BANKRUPTCY FORECLOSURE REO TOTAL No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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% ~~Current~~0.000000% $0.000000% ~~Current~~0.000000% 0.000000% ~~Bankruptcy~~0.000000% ~~100,000~~0.00000000% 0.~~05448425~~000000% ~~100,000~~30 Days 0.00000000% 0.~~06339603~~000000% ~~Fraud~~0.000000% ~~1,835,392~~0.85000000% 10.~~00000000~~000000% ~~1,835,392~~0.85000000% 10.~~16356620~~000000% ~~Special~~0.000000% ~~Hazard~~0.000000% ~~2,049,289~~0.00000000% 160 Days 0.~~11653971~~000000% ~~2,049,289~~0.00000000% 10.~~29916787~~000000% ~~Limit~~0.000000% of0.000000% ~~Subordinate's~~0.000000% ~~Exposure~~0.000000% to0.000000% ~~Certain~~0.000000% ~~Types~~0.000000% of90 ~~Losses~~Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

~~Summary~~OTHER 12INFORMATION ~~Month~~Current ~~REO~~Period History*Class ~~New~~A ~~REO~~Insufficient ~~Loans~~Funds ~~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~~of ~~Nov-04~~Contaminated ~~0.000%~~Properties ~~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~~Periodic ~~0.000%~~Advance ~~Current Principal Balance 0~~22,480.00 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.60

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.

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 ~~5.922407%~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Net~~Bankruptcy ~~Coupon~~0 5Jan-05 0.~~672407~~000% ~~Weighted~~Original ~~Average~~Principal ~~Pass-Through~~Balance ~~Rate~~0.00 5Feb-05 0.~~652407~~000% ~~Weighted~~Current ~~Average~~Principal ~~Maturity(Stepdown~~Balance ~~Calculation)~~0.00 ~~338~~Mar-05 ~~Beginning~~0.000% ~~Scheduled~~Apr-05 ~~Collateral~~0.000% ~~Loan~~Current ~~Count~~Bankruptcy ~~348~~Total ~~Number~~May-05 Of0.000% Loans ~~Paid~~in InBankruptcy ~~Full~~0 9Jun-05 ~~Ending~~0.000% ~~Scheduled~~Original ~~Collateral~~Principal ~~Loan~~Balance ~~Count~~0.00 ~~339~~Jul-05 ~~Beginning~~0.000% ~~Scheduled~~Current ~~Collateral~~Principal Balance ~~161,800,510~~0.3200 ~~Ending~~Aug-05 ~~Scheduled~~0.000% ~~Collateral~~Sep-05 ~~Balance 157,738,583~~0.69000% ~~Ending~~Oct-05 ~~Actual~~0.000% ~~Collateral~~Nov-05 ~~Balance~~0.000% ~~at 29~~Dec-~~Jul-2005~~05 ~~157,890,170~~0.38000% ~~Monthly~~*The ~~P&I~~text ~~Constant~~reported ~~999,083.39~~in ~~Special~~the ~~Servicing~~above ~~Fee~~table ~~0.00~~is ~~Prepayment~~presented ~~Penalties~~graphically ~~0.00~~on ~~Realized~~the ~~Loss~~monthly ~~Amount~~bond 0remittance report.00 ~~Cumulative~~The ~~Realized~~monthly ~~Loss~~bond ~~0.00~~remittance ~~Scheduled~~report ~~Principal~~can ~~200,543.06~~be ~~Unscheduled~~viewed ~~Principal~~online ~~3,861,383~~at www.57ctslink.com.

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail ~~Subordinate~~- ~~Percentage~~All ~~Subgroup~~Mortgage 1Loans ~~3.650986%~~in ~~Subordinate~~Bankruptcy ~~Percentage~~during ~~Subgroup~~Current 2Period ~~4.156396%~~Group ~~Senior~~Loan ~~Prepayment~~Month ~~Percentage~~Loan ~~Subgroup~~First 1State ~~100.000000%~~LTV ~~Senior~~at ~~Prepayment~~Original ~~Percentage~~Number ~~Subgroup~~Entered 2Payment ~~100.000000%~~Origination ~~Senior~~Principal ~~Percentage~~Bankruptcy ~~Subgroup~~Date 1Balance ~~96.349014%~~No ~~Senior~~Bankruptcy ~~Percentage~~Loans ~~Subgroup~~this ~~2 95.843604% Subordinate Prep Percentage Subgroup 1 0.000000% Subordinate Prep Percentage Subgroup 2 0.000000% Average Loss Severity Percentage 0.000000%~~Period

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~Summary~~(continued) ~~Loans~~Group ~~Paid~~Loan InCurrent ~~Full~~Paid ~~Repurchased~~To ~~Loans~~Months ~~Original~~ Current ~~Original~~Approximate ~~Current~~Number Principal ~~Principal~~Date ~~Principal~~Delinquent ~~Principal~~Loan ~~Group~~Rate ~~Count~~Delinquent Balance ~~Balance~~Interest ~~Count~~No ~~Balance~~Bankruptcy ~~Balance~~Loans ~~Total~~this ~~9 3,900,100.00 3,851,238.92 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 Total 0 0.00 0.00 0 0.00 0.00 14,242.98

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount No Prepayments in full this period.

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning No Prepayments in full this period.

Summary SMM CPR PSA Current Month 2.389% Current Month 25.190% Current Month 1,244.264% 3 Month Average 1.984% 3 Month Average 21.224% 3 Month Average 1,170.816% 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 17.610% N/A Feb-2005 2,089.264% N/A Mar-2005 18.264% N/A Mar-2005 1,766.443% N/A Apr-2005 26.360% N/A Apr-2005 2,160.351% N/A May-2005 25.357% N/A May-2005 1,780.474% N/A Jun-2005 24.430% N/A Jun-2005 1,500.111% N/A Jul-2005 14.053% N/A Jul-2005 768.073% N/A Aug-2005 25.190% N/A Aug-2005 1,244.264% 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~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% 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 0.000% N/A ~~Feb~~Jun-2005 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~~0.000% N/A ~~Oct~~Feb-~~2004~~2005 ~~N/A~~0.000% 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 0.000% N/A ~~Feb~~Jun-2005 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 · PRIME MORTGAGE TRUST, MORTGAGE PASS-THROUGH CERTIFICATES & RE-REMIC CERTIFICATES, SERIES 2005-1