8-K 1 mlm05he1_8k-200512.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2005 MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2005-HE1 (Exact name of registrant as specified in its charter) New York (governing law of 333-121605-08 Pooling and Servicing Agreement) (Commission 54-2169523 (State or other File Number) 54-2169524 jurisdiction 54-6658790 of Incorporation) 54-6658791 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of MERRILL LYNCH MORTGAGE INVESTORS, INC., Mortgage Loan Asset-Backed Certificates, Series 2005-HE1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-HE1 Trust, relating to the December 27, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MERRILL LYNCH MORTGAGE INVESTORS, INC. Mortgage Loan Asset-Backed Certificates, Series 2005-HE1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-HE1 Trust , relating to the December 27, 2005 distribution. EX-99.1 Merrill Lynch Mortgage Investors Trust Mortgage Loan Asset-Backed Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Merrill Lynch Mortgage Investors Trust Mortgage Loan Asset-Backed Certificates Series 2005-HE1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Merrill Lynch Mortgage Loans, Inc. Mortgage Loan Asset-Backed Certificates Series 2005-HE1 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 59020UUS2 ~~SEN 3~~4.~~67000~~40375% ~~116~~94,~~435~~002,~~304~~147.4231 367,~~967~~966.9118 A-1B 59020UUT0 ~~SEN 3~~4.~~72000~~45375% 2923,~~108~~500,~~192~~021.1400 93,~~243~~033.2497 A-2A 59020UVE2 ~~SEN 3~~4.~~56000~~29375% 8652,~~375~~550,~~195~~879.6907 ~~264~~200,~~787~~569.9619 A-2B 59020UUU7 ~~SEN 3~~4.~~66000~~39375% 56,753,000.00 ~~178~~221,~~866~~651.5499 A-2C 59020UUV5 ~~SEN 3~~4.~~77000~~50375% 25,259,000.00 82101,~~000~~120.5420 M-1 59020UUW3 ~~MEZ 3~~4.~~89000~~62375% 21,910,000.00 7390,~~392~~050.4110 M-2 59020UUX1 ~~MEZ~~ 4.~~09000~~82375% 16,067,000.00 5668,~~587~~891.0873 M-3 59020UUY9 ~~MEZ~~ 4.~~15000~~88375% 2,504,000.00 810,~~948~~870.3214 B-1 59020UUZ6 ~~SUB 4~~5.~~66000~~39375% 2,504,000.00 1011,~~048~~852.0051 B-2 59020UVA0 ~~SUB 4~~5.~~76000~~49375% 2,086,000.00 89,~~550~~873.2893 B-3 59020UVB8 ~~SUB~~ 5.~~21000~~94375% 2,086,000.00 9,~~358~~873.6193 B-4 59020UVC6 ~~SUB 6~~7.~~71000~~44375% 2,086,000.00 129,~~053~~873.0293 B-5 59020UVD4 ~~SUB 6~~7.~~71000~~44375% 3,130,000.00 1814,~~085~~815.3163 C ~~MLM05HE1C~~59020UVH5 ~~SEN~~ 0.00000% 2,086,678.00 ~~565,657~~0.4500 R ~~MLM05HE1R~~59020UVF9 ~~SEN 3~~4.~~67000~~40375% 0.00 0.00 P ~~MLM05HE1P~~59020UVG7 ~~SEN~~ 0.00000% 0.01 ~~252~~240,~~680~~333.4866 Totals ~~368~~306,~~390~~524,~~370~~725.2639 21,~~002~~450,~~227~~777.1509

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 4,~~464~~429,~~225~~448.5227 0.00 ~~111~~89,~~971~~572,~~078~~699.8904 4,~~832~~797,~~193~~414.4345 0.00 A-1B 1,~~116~~107,~~032~~337.0776 0.00 2722,~~992~~392,~~160~~683.0724 1,~~209~~200,~~275~~371.3173 0.00 A-2A 106,~~349~~733,~~612~~259.4329 0.00 7645,~~025~~817,~~583~~619.2678 106,~~614~~933,~~400~~828.3948 0.00 A-2B 0.00 0.00 56,753,000.00 ~~178~~221,~~866~~651.5499 0.00 A-2C 0.00 0.00 25,259,000.00 82101,~~000~~120.5420 0.00 M-1 0.00 0.00 21,910,000.00 7390,~~392~~050.4110 0.00 M-2 0.00 0.00 16,067,000.00 5668,~~587~~891.0873 0.00 M-3 0.00 0.00 2,504,000.00 810,~~948~~870.3214 0.00 B-1 0.00 0.00 2,504,000.00 1011,~~048~~852.0051 0.00 B-2 0.00 0.00 2,086,000.00 89,~~550~~873.2893 0.00 B-3 0.00 0.00 2,086,000.00 9,~~358~~873.6193 0.00 B-4 0.00 0.00 2,086,000.00 129,~~053~~873.0293 0.00 B-5 0.00 0.00 3,130,000.00 1814,~~085~~815.3163 0.00 C 0.00 0.00 2,~~086~~034,~~677~~621.8830 ~~565,657~~0.4500 0.00 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.01 ~~252~~240,~~680~~333.4866 0.00 Totals 1512,~~929~~270,~~870~~045.0232 0.00 ~~352~~294,~~460~~202,~~500~~623.1137 1713,~~932~~720,~~097~~822.1741 0.00 ~~All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.~~ This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Realized Face Certificate Principal Principal ~~Realized~~Loss ~~Class~~ Amount Balance Distribution Distribution ~~Accretion Loss (1)~~ A-1A 137,747,000.00 ~~116~~94,~~435~~002,~~304~~147.4231 0.00 4,~~464~~429,~~225~~448.5227 0.00 0.00 A-1B 34,436,000.00 2923,~~108~~500,~~192~~021.1400 0.00 1,~~116~~107,~~032~~337.0776 0.00 0.00 A-2A 108,678,000.00 8652,~~375~~550,~~195~~879.6907 0.00 106,~~349~~733,~~612~~259.4329 0.00 0.00 A-2B 56,753,000.00 56,753,000.00 0.00 0.00 0.00 0.00 A-2C 25,259,000.00 25,259,000.00 0.00 0.00 0.00 0.00 M-1 21,910,000.00 21,910,000.00 0.00 0.00 0.00 0.00 M-2 16,067,000.00 16,067,000.00 0.00 0.00 0.00 0.00 M-3 2,504,000.00 2,504,000.00 0.00 0.00 0.00 0.00 B-1 2,504,000.00 2,504,000.00 0.00 0.00 0.00 0.00 B-2 2,086,000.00 2,086,000.00 0.00 0.00 0.00 0.00 B-3 2,086,000.00 2,086,000.00 0.00 0.00 0.00 0.00 B-4 2,086,000.00 2,086,000.00 0.00 0.00 0.00 0.00 B-5 3,130,000.00 3,130,000.00 0.00 0.00 0.00 0.00 C 2,086,677.88 2,086,678.00 0.00 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 417,332,777.89 ~~368~~306,~~390~~524,~~370~~725.2639 0.00 1512,~~929~~270,~~870~~045.0232 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 4,~~464~~429,~~225~~448.5227 ~~111~~89,~~971~~572,~~078~~699.8904 0.~~81287490~~650270 4,~~464~~429,~~225~~448.5227 A-1B 1,~~116~~107,~~032~~337.0776 2722,~~992~~392,~~160~~683.0724 0.~~81287490~~650270 1,~~116~~107,~~032~~337.0776 A-2A 106,~~349~~733,~~612~~259.4329 7645,~~025~~817,~~583~~619.2678 0.~~69954897~~421591 106,~~349~~733,~~612~~259.4329 A-2B 0.00 56,753,000.00 1.~~00000000~~000000 0.00 A-2C 0.00 25,259,000.00 1.~~00000000~~000000 0.00 M-1 0.00 21,910,000.00 1.~~00000000~~000000 0.00 M-2 0.00 16,067,000.00 1.~~00000000~~000000 0.00 M-3 0.00 2,504,000.00 1.~~00000000~~000000 0.00 B-1 0.00 2,504,000.00 1.~~00000000~~000000 0.00 B-2 0.00 2,086,000.00 1.~~00000000~~000000 0.00 B-3 0.00 2,086,000.00 1.~~00000000~~000000 0.00 B-4 0.00 2,086,000.00 1.~~00000000~~000000 0.00 B-5 0.00 3,130,000.00 1.~~00000000~~000000 0.00 C 0.00 2,~~086~~034,~~677~~621.8830 10.~~00000000~~975053 0.00 R 0.00 0.00 0.~~00000000~~000000 0.00 P 0.00 0.01 1.~~00000000~~000000 0.00 Totals 1512,~~929~~270,~~870~~045.0232 ~~352~~294,~~460~~202,~~500~~623.1137 0.~~84455504~~704959 1512,~~929~~270,~~870~~045.0232

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ A-1A 137,747,000.00 ~~845~~682.~~28377692~~426095 0.~~00000000~~000000 32.~~40887656~~156405 0.~~00000000~~000000 A-1B 34,436,000.00 ~~845~~682.~~28377686~~425979 0.~~00000000~~000000 32.~~40887647~~156399 0.~~00000000~~000000 A-2A 108,678,000.00 ~~794~~483.~~78087276~~546615 0.~~00000000~~000000 9561.~~23190002~~956047 0.~~00000000~~000000 A-2B 56,753,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 A-2C 25,259,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 21,910,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 16,067,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 2,504,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-1 2,504,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-2 2,086,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-3 2,086,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-4 2,086,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 B-5 3,130,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 C 2,086,677.88 1000.~~00005751~~000058 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R 100.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.01 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 A-1A 0.~~00000000~~000000 32.~~40887656~~156405 ~~812~~650.~~87490029~~269690 0.~~81287490~~650270 32.~~40887656~~156405 A-1B 0.~~00000000~~000000 32.~~40887647~~156399 ~~812~~650.~~87490039~~269580 0.~~81287490~~650270 32.~~40887647~~156399 A-2A 0.~~00000000~~000000 9561.~~23190002~~956047 ~~699~~421.~~54897275~~590568 0.~~69954897~~421591 9561.~~23190002~~956047 A-2B 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 A-2C 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 B-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 B-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 C 0.~~00000000~~000000 0.~~00000000~~000000 ~~1,000~~975.~~00000000~~052891 10.~~00000000~~975053 0.~~00000000~~000000 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 1.~~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~~ A-1A ~~137,747,000.00~~11/25/05 3- 12/26/05 32 4.~~67000~~40375% ~~116~~94,~~435~~002,~~304~~147.4231 367,~~967~~966.9118 0.00 ~~0.00~~ A-1B ~~34,436,000.00~~11/25/05 3- 12/26/05 32 4.~~72000~~45375% 2923,~~108~~500,~~192~~021.1400 93,~~243~~033.2497 0.00 ~~0.00~~ A-2A ~~108,678,000.00~~11/25/05 3- 12/26/05 32 4.~~56000~~29375% 8652,~~375~~550,~~195~~879.6907 ~~264~~200,~~787~~569.9619 0.00 ~~0.00~~ A-2B ~~56,753,000.00~~11/25/05 3- 12/26/05 32 4.~~66000~~39375% 56,753,000.00 ~~178~~221,~~866~~651.5499 0.00 ~~0.00~~ A-2C 11/25~~,259,000.00~~/05 3- 12/26/05 32 4.~~77000~~50375% 25,259,000.00 82101,~~000~~120.5420 0.00 ~~0.00~~ M-1 ~~21,910,000.00~~11/25/05 3- 12/26/05 32 4.~~89000~~62375% 21,910,000.00 7390,~~392~~050.4110 0.00 ~~0.00~~ M-2 ~~16,067,000.00~~11/25/05 - 12/26/05 32 4.~~09000~~82375% 16,067,000.00 5668,~~587~~891.0873 0.00 ~~0.00~~ M-3 ~~2,504,000.00~~11/25/05 - 12/26/05 32 4.~~15000~~88375% 2,504,000.00 810,~~948~~870.3214 0.00 ~~0.00~~ B-1 ~~2,504,000.00~~11/25/05 4- 12/26/05 32 5.~~66000~~39375% 2,504,000.00 1012,~~048~~005.0029 0.00 ~~0.00~~ B-2 ~~2,086,000.00~~11/25/05 4- 12/26/05 32 5.~~76000~~49375% 2,086,000.00 810,~~550~~186.2863 0.00 ~~0.00~~ B-3 ~~2,086,000.00~~11/25/05 - 12/26/05 32 5.~~21000~~94375% 2,086,000.00 911,~~358~~021.6103 0.00 ~~0.00~~ B-4 ~~2,086,000.00~~11/25/05 6- 12/26/05 32 7.~~71000~~44375% 2,086,000.00 1213,~~053~~802.0237 0.00 ~~0.00~~ B-5 ~~3,130,000.00~~11/25/05 6- 12/26/05 32 7.~~71000~~44375% 3,130,000.00 1820,~~085~~710.3117 0.00 ~~0.00~~ C ~~2,086,677.88~~N/A N/A 0.00000% 2,086,678.00 0.00 0.00 ~~0.00~~ R ~~100.00~~N/A 3N/A 4.~~67000~~40375% 0.00 0.00 0.00 ~~0.00~~ P ~~0.01~~N/A N/A 0.00000% 0.01 0.00 0.00 ~~0.00~~ Totals ~~417,332,777.89~~ 1,~~183~~221,~~889~~878.2299 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 0.00 367,~~967~~966.9118 0.00 ~~111~~89,~~971~~572,~~078~~699.8904 A-1B 0.00 0.00 93,~~243~~033.2497 0.00 2722,~~992~~392,~~160~~683.0724 A-2A 0.00 0.00 ~~264~~200,~~787~~569.9619 0.00 7645,~~025~~817,~~583~~619.2678 A-2B 0.00 0.00 ~~178~~221,~~866~~651.5499 0.00 56,753,000.00 A-2C 0.00 0.00 82101,~~000~~120.5420 0.00 25,259,000.00 M-1 0.00 0.00 7390,~~392~~050.4110 0.00 21,910,000.00 M-2 0.00 0.00 5668,~~587~~891.0873 0.00 16,067,000.00 M-3 0.00 0.00 810,~~948~~870.3214 0.00 2,504,000.00 B-1 0.00 0.00 1011,~~048~~852.0051 0.00 2,504,000.00 B-2 0.00 0.00 89,~~550~~873.2893 0.00 2,086,000.00 B-3 0.00 0.00 9,~~358~~873.6193 0.00 2,086,000.00 B-4 0.00 0.00 129,~~053~~873.0293 0.00 2,086,000.00 B-5 0.00 0.00 1814,~~085~~815.3163 0.00 3,130,000.00 C 0.00 0.00 ~~565,657~~0.4500 0.00 2,~~086~~034,~~677~~621.8830 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~252~~240,~~680~~333.4866 0.00 0.01 Totals 0.00 0.00 21,~~002~~450,~~227~~777.1509 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 - 12/26/05 137,747,000.00 34.~~67000~~40375% ~~845~~682.~~28377692~~426095 2.~~67133157~~671319 0.~~00000000~~000000 ~~0.00000000~~ A-1B 11/25/05 - 12/26/05 34,436,000.00 34.~~72000~~45375% ~~845~~682.~~28377686~~425979 2.~~70772564~~701649 0.~~00000000~~000000 ~~0.00000000~~ A-2A 11/25/05 - 12/26/05 108,678,000.00 34.~~56000~~29375% ~~794~~483.~~78087276~~546615 21.~~43644491~~845536 0.~~00000000~~000000 ~~0.00000000~~ A-2B 11/25/05 - 12/26/05 56,753,000.00 34.~~66000~~39375% 1000.~~00000000~~000000 3.~~15166670~~905555 0.~~00000000~~000000 ~~0.00000000~~ A-2C 11/25/05 - 12/26/05 25,259,000.00 34.~~77000~~50375% 1000.~~00000000~~000000 34.~~24638901~~003333 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 21,910,000.00 34.~~89000~~62375% 1000.~~00000000~~000000 34.~~34972204~~110000 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 16,067,000.00 4.~~09000~~82375% 1000.~~00000000~~000000 34.~~52194436~~287778 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 2,504,000.00 4.~~15000~~88375% 1000.~~00000000~~000000 34.~~57361022~~341110 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/26/05 2,504,000.00 45.~~66000~~39375% 1000.~~00000000~~000000 4.~~01277955~~794445 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/26/05 2,086,000.00 45.~~76000~~49375% 1000.~~00000000~~000000 4.~~09888782~~883332 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/26/05 2,086,000.00 5.~~21000~~94375% 1000.~~00000000~~000000 45.~~48639022~~283332 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/25/05 - 12/26/05 2,086,000.00 67.~~71000~~44375% 1000.~~00000000~~000000 56.~~77805369~~616668 0.~~00000000~~000000 ~~0.00000000~~ B-5 11/25/05 - 12/26/05 3,130,000.00 67.~~71000~~44375% 1000.~~00000000~~000000 56.~~77805431~~616668 0.~~00000000~~000000 ~~0.00000000~~ C N/A 2,086,677.88 0.00000% 1000.~~00005751~~000058 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R N/A 100.00 34.~~67000~~40375% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ P N/A 0.01 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 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 A-1A 0.~~00000000~~000000 0.~~00000000~~000000 2.~~67133157~~671319 0.~~00000000~~000000 ~~812~~650.~~87490029~~269690 A-1B 0.~~00000000~~000000 0.~~00000000~~000000 2.~~70772564~~701649 0.~~00000000~~000000 ~~812~~650.~~87490039~~269580 A-2A 0.~~00000000~~000000 0.~~00000000~~000000 21.~~43644491~~845536 0.~~00000000~~000000 ~~699~~421.~~54897275~~590568 A-2B 0.~~00000000~~000000 0.~~00000000~~000000 3.~~15166670~~905555 0.~~00000000~~000000 1000.~~00000000~~000000 A-2C 0.~~00000000~~000000 0.~~00000000~~000000 34.~~24638901~~003333 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 34.~~34972204~~110000 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 34.~~52194436~~287778 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~57361022~~341110 0.~~00000000~~000000 1000.~~00000000~~000000 B-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~01277955~~733431 0.~~00000000~~000000 1000.~~00000000~~000000 B-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~09888782~~733428 0.~~00000000~~000000 1000.~~00000000~~000000 B-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~48639022~~733428 0.~~00000000~~000000 1000.~~00000000~~000000 B-4 0.~~00000000~~000000 0.~~00000000~~000000 54.~~77805369~~733428 0.~~00000000~~000000 1000.~~00000000~~000000 B-5 0.~~00000000~~000000 0.~~00000000~~000000 54.~~77805431~~733428 0.~~00000000~~000000 1000.~~00000000~~000000 C 0.~~00000000~~000000 0.~~00000000~~000000 ~~271~~0.~~08038832~~000000 0.~~00000000~~000000 ~~1000~~975.~~00000000~~052891 R 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 P 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~~Per ~~Refer~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

~~CERTIFICATEHOLDER~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~18,340,441.22~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 247,300.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (144.00) Prepayment Penalties 0.00 Total Deposits 18,587,597.22 Withdrawals Reimbursement for Servicer Advances 206,619.87 Payment of Service Fee 448,880.18 Payment of Interest and Principal 17,932,097.17 Total Withdrawals (Pool Distribution Amount) 18,587,597.22 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee ~~153~~127,~~495~~718.9963 MGIC ~~169~~144,~~445~~116.9021 PMI ~~125~~102,~~938~~503.2981 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~448~~374,~~880~~338.1865

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

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Fixed ~~REO~~& ~~Total~~Mixed NoARM ofWeighted ~~Loans~~Average NoGross ofCoupon ~~Loans~~7.145596% NoWeighted ofAverage ~~Loans~~Net NoCoupon of6.645596% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate ~~Principal~~5.680114% ~~Balance~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~340 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~0-29~~Count ~~Days 12 0 0 12~~ 1,~~427,103.82~~851 ~~0.00~~Number ~~0.00~~Of ~~1,427,103.82~~Loans 30Paid ~~Days~~In ~~150~~Full 165 0Ending 0Scheduled ~~151~~Collateral ~~25,773,326.50~~Loan ~~166,048.64~~Count ~~0.00 0.00 25~~1,~~939,375.14~~786 60Beginning ~~Days~~Scheduled 30Collateral 3Balance ~~0 0 33 4~~306,~~883~~524,~~690~~725.7038 ~~333,626.45~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 5Balance 294,~~217~~202,~~317~~623.1536 90Ending ~~Days~~Actual 18Collateral 1Balance 0at 030-Nov-2005 ~~19 2~~294,~~857~~448,~~670~~209.15 ~~160,040.56~~Monthly ~~0.00~~P&I ~~0.00~~Constant 32,~~017~~025,~~710~~730.7198 ~~120~~Special ~~Days~~Servicing 6Fee ~~1 4~~ 0 ~~11 845,147~~.~~53 39,480.72 365,612.15 0.~~00 ~~1,250,240.40~~Prepayment ~~150~~Penalty ~~Days~~Waived 0Amount ~~2 7 1 10~~ 0.00 ~~346,774.83~~Prepayment ~~903,022.11~~Penalty ~~153,083.96~~Waived ~~1,402,880.90~~Count ~~180+ Days~~ 0 0Prepayment 6Penalty 0Paid 6Amount 0.00 ~~0.00~~Prepayment ~~928,453.07~~Penalty ~~0.00~~Paid ~~928,453.07~~Count ~~Totals~~0 ~~204~~Realized 20Loss 17Amount ~~1 242 34~~292,~~359,834~~526.8832 ~~2,473,075.02~~Cumulative ~~2,197,087.33~~Realized ~~153,083.96~~Loss 39347,~~183,081~~258.1957 NoScheduled ~~of Loans No of Loans No of Loans No of Loans No of Loans~~ Principal ~~Balance~~200,479.48 ~~Principal~~Unscheduled ~~Balance~~ Principal ~~Balance Principal Balance Principal Balance 0-29 Days 0~~12,121,622.573614% 0.000000% 0.000000% 0.573614% 0.404617% 0.000000% 0.000000% 0.404617% 30 Days 7.170172% 0.047801% 0.000000% 0.000000% 7.217973% 7.307339% 0.047079% 0.000000% 0.000000% 7.354418% 60 Days 1.434034% 0.143403% 0.000000% 0.000000% 1.577438% 1.384640% 0.094591% 0.000000% 0.000000% 1.479231% 90 Days 0.860421% 0.047801% 0.000000% 0.000000% 0.908222% 0.810216% 0.045375% 0.000000% 0.000000% 0.855591% 120 Days 0.286807% 0.047801% 0.191205% 0.000000% 0.525813% 0.239619% 0.011194% 0.103660% 0.000000% 0.354472% 150 Days 0.000000% 0.095602% 0.334608% 0.047801% 0.478011% 0.000000% 0.098319% 0.256028% 0.043403% 0.397749% 180+ Days 0.000000% 0.000000% 0.286807% 0.000000% 0.286807% 0.000000% 0.000000% 0.263238% 0.000000% 0.263238% Totals 9.751434% 0.956023% 0.812620% 0.047801% 11.567878% 9.741815% 0.701174% 0.622926% 0.043403% 11.109317%54

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group Group 1 ~~No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0~~-29 ~~Days~~Fixed 3Group ~~0 0 3 146,038.23 0.00 0.00 146,038.23 30 Days 9 0 0 0 9~~ 1~~,167,127.27~~- ~~0.00~~ARM ~~0.00~~Group 0.00 1,167,127.27 60 Days 4 0 0 0 4 330,290.32 0.00 0.00 0.00 330,290.32 90 Days 3 0 0 0 3 370,747.42 0.00 0.00 0.00 370,747.42 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 27,906.63 0.00 27,906.63 180+ Days 0 0 3 0 3 0.00 0.00 359,892.53 0.00 359,892.53 Totals 16 3 4 0 23 1,868,165.01 146,038.23 387,799.16 0.00 2~~,402,002.40~~ 0-29 ~~Days~~Fixed ~~1.388889%~~Collateral ~~0.000000%~~Description ~~0.000000%~~Mixed ~~1.388889%~~Fixed ~~0.690861%~~Mixed ~~0.000000%~~ARM ~~0.000000%~~Mixed ~~0.690861%~~Fixed 30Weighted ~~Days~~Average ~~4.166667%~~Coupon ~~0.000000%~~Rate 07.~~000000%~~833798 07.~~000000%~~325680 47.~~166667%~~619959 ~~5.521309%~~Weighted ~~0.000000%~~Average ~~0.000000%~~Net ~~0.000000%~~Rate 57.~~521309%~~333798 ~~60 Days 1~~6.~~851852%~~825680 0.000000% 0.000000% 0.000000% 1.851852% 1.562499% 0.000000% 0.000000% 0.000000% 1.562499% 90 Days 1.388889% 0.000000% 0.000000% 0.000000% 1.388889% 1.753889% 0.000000% 0.000000% 0.000000% 1.753889% 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% 0.462963% 0.000000% 0.462963% 0.000000% 0.000000% 0.132017% 0.000000% 0.132017% 180+ Days 0.000000% 0.000000% 1.388889% 0.000000% 1.388889% 0.000000% 0.000000% 1.702538% 0.000000% 1.702538% Totals 7.~~407407%~~119959 ~~1.388889%~~Weighted ~~1.851852%~~Average ~~0.000000%~~Remaining ~~10.648148%~~Term ~~8.837697%~~342 ~~0.690861%~~342 ~~1.834555%~~338 ~~0.000000%~~Beginning ~~11.363112%~~Loan ~~DELINQUENT~~Count ~~BANKRUPTCY~~193 ~~FORECLOSURE~~843 ~~REO~~258 ~~Total Group 1 No of~~ Loans NoPaid ofIn ~~Loans~~Full No5 of29 ~~Loans~~7 NoEnding ofLoan ~~Loans~~Count No188 of814 ~~Loans~~251 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~ Balance ~~Principal Balance Principal Balance Principal Balance 0-29 Days 6 0 0 6 824~~18,~~134.98 0.00 0.00 824~~555,~~134~~375.9858 ~~30 Days 78 0 0 0 78 12~~124,~~200~~762,~~533~~157.4126 ~~0.00 0.00 0.00 12~~31,~~200~~153,~~533~~185.4195 60Ending ~~Days~~Scheduled 17Balance ~~3 0 0 20 2~~18,~~556~~047,~~763~~704.1794 ~~333~~119,~~626~~703,797.4508 ~~0.00 0.00 2~~30,~~890~~382,~~389~~559.6231 90Record ~~Days~~Date 611/30/2005 011/30/2005 011/30/2005 0Principal 6And ~~563,673.54~~Interest ~~0.00~~Constant ~~0.00 0.00 563~~136,~~673~~920.5412 ~~120 Days 3 0 3 0 6 449~~851,~~850~~515.~~03 0.00 296,803.~~01 ~~0.00 746~~224,~~653~~590.0462 ~~150~~Scheduled ~~Days~~Principal ~~0 1 4 1 6 0.00 189~~15,~~073~~787.7557 ~~556~~89,~~210~~875.5534 ~~153,083.96 898,368.~~26 ~~180+ Days 0 0 1 0 1 0.00 0.00 73~~,~~710~~768.5495 ~~0.00~~Unscheduled ~~73,710.54~~Principal ~~Totals 104 10 8 1 123 15~~491,~~770,820~~883.1507 14,~~346~~968,~~835~~484.1884 ~~926~~743,~~724~~857.1069 ~~153,083.96~~Scheduled ~~18,197,463.39~~Interest 0-29 Days 0.632911% 0.000000% 0.000000% 0.632911% 0.569168% 0.000000% 0.000000% 0.569168% 30 Days 8.227848% 0.000000% 0.000000% 0.000000% 8.227848% 8.425987% 0.000000% 0.000000% 0.000000% 8.425987% 60 Days 1.793249% 0.316456% 0.000000% 0.000000% 2.109705% 1.765763% 0.230411% 0.000000% 0.000000% 1.996174% 90 Days 0.632911% 0.000000% 0.000000% 0.000000% 0.632911% 0.389287% 0.000000% 0.000000% 0.000000% 0.389287% 120 Days 0.316456% 0.000000% 0.316456% 0.000000% 0.632911% 0.310677% 0.000000% 0.204979% 0.000000% 0.515657% 150 Days 0.000000% 0.105485% 0.421941% 0.105485% 0.632911% 0.000000% 0.130579% 0.384133% 0.105724% 0.620435% 180+ Days 0.000000% 0.000000% 0.105485% 0.000000% 0.105485% 0.000000% 0.000000% 0.050906% 0.000000% 0.050906% Totals 10.970464% 1.054852% 0.843882% 0.105485% 12.974684% 10.891715% 0.930157% 0.640018% 0.105724% 12.567614% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 456121,~~930~~132.6155 ~~0.00 0.00 456~~761,~~930~~639.6167 ~~30 Days 17 0 0 0 17 1~~197,~~507,357~~821.4367 ~~0.00~~Servicing ~~0.00~~Fee ~~0.00 1~~7,~~507,357~~731.4341 ~~60 Days 2 0 0 0 2 205~~51,~~974~~984.1423 ~~0.00 0.00 0.00 205~~12,~~974~~980.1449 90Master ~~Days~~Servicing 3Fee 0 ~~0 0 3 316,079~~.~~22 0.~~00 0.00 0.00 ~~316,079.22~~Trustee ~~120~~Fee ~~Days 1 1~~ 0 ~~0 2 85,923~~.4200 ~~39,480.72~~ 0.00 0.00 ~~125,404.14~~FRY ~~150~~Amount ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Special ~~0.00~~Hazard ~~180+~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~Totals 23 4 0 0 27 2~~6,115~~,334~~.2170 ~~496~~61,~~411~~574.3355 ~~0.00 0.00 2~~10,~~611,745~~236.5496 ~~0-29~~Pool ~~Days~~Insurance ~~1.006711%~~Fee 0.000000% 0.000000% 1.006711% 1.258612% 0.000000% 0.000000% 1.258612% 30 Days 5.704698% 0.000000% 0.000000% 0.000000% 5.704698% 4.152005% 0.000000% 0.000000% 0.000000% 4.152005% 60 Days 0.671141% 0.000000% 0.000000% 0.000000% 0.671141% 0.567354% 0.000000% 0.000000% 0.000000% 0.567354% 90 Days 1.006711% 0.000000% 0.000000% 0.000000% 1.006711% 0.870638% 0.000000% 0.000000% 0.000000% 0.870638% 120 Days 0.335570% 0.335570% 0.000000% 0.000000% 0.671141% 0.236675% 0.108749% 0.000000% 0.000000% 0.345425% 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 7.718121% 1.342282% 0.000000% 0.000000% 9.060403% 5.826673% 1.367361% 0.000000% 0.000000% 7.194034% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 ~~0.00~~Spread ~~30 Days 46~~ 1 0 ~~0 47 10,898,308~~.3900 ~~166,048.64~~ 0.00 0.00 ~~11,064,357.03~~Spread 602 ~~Days 7~~ 0 ~~0 0 7 1,790,663~~.~~07 0.~~00 0.00 0.00 ~~1,790,663.07~~Spread ~~90 Days 6 1 0 0 7 1,607,169.97 160,040.56 0.00 0.00 1,767,210.53 120 Days 2 0 1 0~~ 3 ~~309~~4,~~374~~248.0874 ~~0.00 68~~42,~~809~~642.1455 ~~0.00 378~~4,~~183~~879.2275 ~~150~~Net ~~Days~~Interest ~~0 1 2 0 3 0.00 157~~103,~~701~~036.0870 ~~318~~605,~~904~~438.9334 ~~0.00 476~~169,~~606~~724.0147 ~~180+~~Realized ~~Days~~Loss 0Amount 0 ~~2 0 2 0~~.00 ~~0.00 494~~171,~~850~~282.0057 045.00 ~~494,850.00~~Cumulative ~~Totals~~Realized 61Loss ~~3 5 0 69 14~~53,~~605,515~~948.5165 ~~483~~171,~~790~~619.2857 ~~882,564~~176.~~07 0.~~00 ~~15,971,869.86~~Percentage ~~0-29~~of ~~Days~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~2204 0.~~000000%~~0989 0.~~000000%~~0004 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount ~~30 Days 7.301587%~~ 0.~~158730%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~7.460317%~~Prepayment ~~7.243073%~~Penalty ~~0.110357%~~Waived ~~0.000000%~~Count 0~~.000000%~~ ~~7.353429% 60 Days 1.111111%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~1.111111%~~Penalty ~~1.190084%~~Paid ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 ~~1.190084% 90 Days~~ 0.~~952381%~~00 ~~0.158730%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~1.111111%~~Count ~~1.068134%~~ 0~~.106364%~~ 0~~.000000%~~ 0~~.000000%~~ ~~1.174497%~~Special ~~120~~Servicing ~~Days~~Fee 0.~~317460%~~00 0.~~000000%~~00 0.~~158730%~~00 ~~0.000000%~~Pass-Through ~~0.476190%~~Rate 06.~~205612%~~663516 05.~~000000%~~823288 06.045731% 0.000000% 0.251343% 150 Days 0.000000% 0.158730% 0.317460% 0.000000% 0.476190% 0.000000% 0.104809% 0.211946% 0.000000% 0.316755% 180+ Days 0.000000% 0.000000% 0.317460% 0.000000% 0.317460% 0.000000% 0.000000% 0.328880% 0.000000% 0.328880% Totals 9.682540% 0.476190% 0.793651% 0.000000% 10.952381% 9.706902% 0.321530% 0.586557% 0.000000% 10.614988%537673

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group AGroup ~~Insufficient~~2 ~~Funds~~- ARM Total Collateral Description Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 6.766846 7.145596 Weighted Average Net Rate 6.266846 6.645596 Weighted Average Remaining Term 338 340 Beginning Loan Count 557 1,851 Loans Paid In Full 24 65 Ending Loan Count 533 1,786 Beginning Scheduled Balance 132,054,006.59 306,524,725.38 Ending scheduled Balance 126,068,562.03 294,202,623.36 Record Date 11/30/2005 11/30/2005 Principal And Interest Constant 812,705.23 2,025,730.98 Scheduled Principal 68,047.62 200,479.48 Unscheduled Principal 5,917,396.94 12,121,622.54 Scheduled Interest 744,657.61 1,825,251.50 Servicing Fee 55,022.50 127,718.63 Master Servicing Fee 0.00 ~~Principal~~0.00 ~~Balance~~Trustee ofFee ~~Contaminated~~0.00 ~~Properties~~0.00 FRY Amount 0.00 ~~Periodic~~0.00 ~~Advance~~Special ~~247~~Hazard Fee 0.00 0.00 Other Fee 66,~~300~~189.00 144,116.21 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 50,732.77 102,503.81 Net Interest 572,713.34 1,450,912.85 Realized Loss Amount 121,198.75 292,526.32 Cumulative Realized Loss 121,514.35 347,258.57 Percentage of Cumulative Losses 0.0685 0.0832 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount 0.00 0.00 Prepayment Penalty Paid Count 0 0 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.204356 5.680114

~~Summary~~Additional 12Reporting ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 1 Sep~~-04 ~~0.000%~~Deal ~~Original~~Level ~~Principal~~Miscellaneous ~~Balance~~Reporting ~~153,743.00~~Extra ~~Oct-04~~Prinicipal ~~0.000%~~Distribution ~~Current~~Amount ~~Principal Balance 153,083.96 Nov-04~~ 0.~~000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 1 Feb-05 0.000% Original Principal Balance 153,743.~~00 ~~Mar-05~~Stepdown ~~0.000%~~Trigger ~~Current~~Event ~~Principal~~NO ~~Balance~~Class ~~153,083.96 Apr~~A-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.043% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12Trigger ~~Month~~Event REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 1 Sep-04 0.000% Original Principal Balance 153,743.00 Oct-04 0.000% Current Principal Balance 153,083.96 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 1 Feb-05 0.000% Original Principal Balance 153,743.00 Mar-05 0.000% Current Principal Balance 153,083.96 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.106% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current REO Total Jan-05 0.000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.NO

~~REO~~LOAN ~~Loan~~STATUS ~~Detail~~STRATIFICATION/CREDIT -ENHANCEMENT ~~All~~STATEMENT ~~Mortgage~~DELINQUENT ~~Loans~~BANKRUPTCY inFORECLOSURE REO ~~during~~TOTAL ~~Current~~No ~~Period~~of ~~Month~~Loans ~~Loan~~No ~~First~~of ~~Original~~Loans ~~Loan~~No ~~Entered~~of ~~Payment~~Loans ~~LTV~~No atof Loans No of Loans Principal ~~Group~~Balance ~~Number~~Principal ~~REO~~Balance ~~Date~~Principal ~~State~~Balance ~~Origination~~Principal Balance ~~Group~~Principal Balance 0-29 Days 20 1 ~~9500566980~~0 ~~Aug-2005~~21 ~~01-Sep-2004~~1,999,164.30 TX122,720.78 950.00 ~~153~~2,~~743~~121,885.08 30 Days 50 5 0 0 55 8,212,289.05 902,197.22 0.00 0.00 9,114,486.27 60 Days 19 6 0 0 25 3,077,066.24 1,151,114.52 0.00 0.00 4,228,180.76 90 Days 2 2 5 0 9 272,376.74 216,501.16 1,062,746.75 0.00 1,551,624.65 120 Days 6 0 15 0 21 1,012,269.57 0.00 2,213,641.93 0.00 3,225,911.50 150 Days 3 3 5 0 11 456,092.85 182,721.44 653,782.32 0.00 1,292,596.61 180+ Days 3 3 13 4 23 219,112.37 388,331.42 1,709,361.79 555,710.08 2,872,515.66 Totals 83 39 39 4 165 13,249,206.82 4,840,030.06 5,762,253.57 555,710.08 24,407,200.53 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1.119821% 0.055991% 0.000000% 1.175812% 0.678953% 0.041678% 0.000000% 0.720631% 30 Days 2.799552% 0.279955% 0.000000% 0.000000% 3.079507% 2.789044% 0.306403% 0.000000% 0.000000% 3.095446% 60 Days 1.063830% 0.335946% 0.000000% 0.000000% 1.399776% 1.045028% 0.390940% 0.000000% 0.000000% 1.435968% 90 Days 0.111982% 0.111982% 0.279955% 0.000000% 0.503919% 0.092504% 0.073528% 0.360928% 0.000000% 0.526960% 120 Days 0.335946% 0.000000% 0.839866% 0.000000% 1.175812% 0.343785% 0.000000% 0.751793% 0.000000% 1.095579% 150 Days 0.167973% 0.167973% 0.279955% 0.000000% 0.615901% 0.154897% 0.062056% 0.222036% 0.000000% 0.438989% 180+ Days 0.167973% 0.167973% 0.727884% 0.223964% 1.287794% 0.074415% 0.131884% 0.580531% 0.188729% 0.975559% Totals 4.647256% 2.183651% 2.183651% 0.223964% 9.238522% 4.499673% 1.643763% 1.956967% 0.188729% 8.289132%

~~REO~~OTHER ~~Loan~~INFORMATION ~~Detail - All Mortgage Loans in REO during~~ Current Period ~~(continued)~~Class ~~Current~~A ~~Paid~~Insufficient ~~Current~~Funds ~~Approximate~~0.00 ~~Loan~~ Principal ~~To Months Loan Delinquent Group Number~~ Balance ~~Date~~of ~~Delinquent~~Contaminated ~~Rate~~Properties ~~Interest Group 1 9500566980 153,083~~0.9600 ~~01-Feb-2005~~Periodic 5Advance ~~7.770% 5~~282,~~553~~464.6107

~~Summary~~Delinquency 12Status ~~Month~~By ~~Foreclosure~~Group History*DELINQUENT ~~New~~BANKRUPTCY ~~Foreclosure~~FORECLOSURE REO TOTAL Group 1- Fixed No of Loans ~~Month~~No ~~Foreclosure~~of ~~Percentage~~Loans No of Loans inNo ~~Foreclosure~~of 17Loans ~~Sep~~No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-0429 Days 5 0 0 5 246,202.~~000%~~64 ~~Original~~0.00 ~~Principal~~0.00 ~~Balance~~246,202.64 30 Days 2 0 0 0 2 281,~~203~~589.88 0.00 0.00 0.00 281,~~370~~589.88 60 Days 1 0 0 0 1 46,661.88 0.00 ~~Oct-04~~0.00 0.~~000%~~00 ~~Current~~46,661.88 ~~Principal~~90 ~~Balance~~Days 21 0 0 0 1 52,~~197~~481.81 0.00 0.00 0.00 52,~~087~~481.3381 ~~Nov~~120 Days 1 0 0 0 1 47,071.77 0.00 0.00 0.00 47,071.77 150 Days 0 1 0 0 1 0.00 26,786.95 0.00 0.00 26,786.95 180+ Days 0 0 4 0 4 0.00 0.00 613,256.59 0.00 613,256.59 Totals 5 6 4 0 15 427,805.34 272,989.59 613,256.59 0.00 1,314,051.52 0-0429 Days 2.659574% 0.~~000~~000000% ~~Dec-04~~0.000000% 2.659574% 1.362813% 0.~~000~~000000% ~~Current~~0.000000% ~~Foreclosure~~1.362813% ~~Total~~30 ~~Jan-05~~Days 1.063830% 0.~~000~~000000% ~~Loans~~0.000000% in0.000000% ~~Foreclosure~~1.063830% 171.558693% ~~Feb-05~~0.000000% 0.~~000~~000000% ~~Original~~0.000000% ~~Principal~~1.558693% ~~Balance~~60 ~~2,203,370~~Days 0.00531915% ~~Mar-05~~0.000000% 0.~~000~~000000% ~~Current~~0.000000% ~~Principal~~0.531915% ~~Balance~~0.258289% ~~2,197,087~~0.33000000% ~~Apr-05~~0.000000% 0.~~000~~000000% ~~May-05~~0.258289% 90 Days 0.~~000~~531915% ~~Jun-05~~0.000000% 0.~~000~~000000% ~~Jul-05~~0.000000% 0.~~000~~531915% ~~Aug-05~~0.290504% 0.~~623~~000000% *The0.000000% ~~text~~0.000000% ~~reported~~0.290504% in120 ~~the~~Days ~~above~~0.531915% ~~table~~0.000000% is0.000000% ~~presented~~0.000000% ~~graphically~~0.531915% on0.260558% ~~the~~0.000000% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.260558% ~~report~~150 Days 0.000000% ~~The~~0.531915% ~~monthly~~0.000000% ~~bond~~0.000000% ~~remittance~~0.531915% ~~report~~0.000000% ~~can~~0.148275% be0.000000% ~~viewed~~0.000000% ~~online~~0.148275% at180+ ~~www~~Days 0.~~ctslink~~000000% 0.~~com~~000000% 2.127660% 0.000000% 2.127660% 0.000000% 0.000000% 3.394578% 0.000000% 3.394578% Totals 2.659574% 3.191489% 2.127660% 0.000000% 7.978723% 2.368044% 1.511088% 3.394578% 0.000000% 7.273709% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 1- 12ARM ~~Month~~No ~~Foreclosure~~of History*Loans ~~New~~No ~~Foreclosure~~of Loans ~~Month~~No ~~Foreclosure~~of ~~Percentage~~Loans No of Loans inNo ~~Foreclosure~~of 4Loans ~~Sep~~Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-0429 Days 10 1 0 11 1,140,692.~~000%~~08 ~~Original~~122,720.78 ~~Principal~~0.00 ~~Balance~~1,263,412.86 30 Days 27 3 0 0 30 3,361,338.22 388,~~450~~861.47 0.00 ~~Oct-04~~0.00 3,750,199.69 60 Days 14 2 0 0 16 2,441,806.~~000%~~02 ~~Current~~233,918.33 ~~Principal~~0.00 ~~Balance~~0.00 ~~387~~2,~~799~~675,724.1635 ~~Nov-04~~90 Days 1 1 4 0 6 219,894.~~000%~~93 ~~Dec-04~~56,793.70 883,548.46 0.~~000%~~00 ~~Current~~1,160,237.09 ~~Foreclosure~~120 ~~Total~~Days ~~Jan-05~~0 0 10 0 10 0.~~000%~~00 ~~Loans~~0.00 in1,248,276.90 ~~Foreclosure~~0.00 41,248,276.90 ~~Feb-05~~150 Days 2 2 2 0 6 246,916.~~000%~~10 ~~Original~~155,934.49 ~~Principal~~132,454.83 ~~Balance~~0.00 ~~388~~535,~~450~~305.42 180+ Days 0 1 6 3 10 0.00 ~~Mar-~~64,051.61 739,206.62 307,876.82 1,111,135.05 0Totals 44 19 23 3 89 6,269,955.~~000%~~27 ~~Current~~2,040,251.68 ~~Principal~~3,126,207.59 ~~Balance~~307,876.82 ~~387~~11,~~799~~744,291.1636 ~~Apr~~0-0529 Days 1.228501% 0.~~000~~122850% ~~May-05~~ 0.~~000~~000000% ~~Jun-05~~1.351351% 0.~~000~~952026% ~~Jul-05~~0.102423% 0.~~000~~000000% ~~Aug-05~~ 1.~~835~~054450% *The30 ~~text~~Days ~~reported~~3.316953% in0.368550% ~~the~~0.000000% ~~above~~0.000000% ~~table~~3.685504% is2.805387% ~~presented~~0.324545% ~~graphically~~0.000000% on0.000000% ~~the~~3.129932% ~~monthly~~60 ~~bond~~Days ~~remittance~~1.719902% ~~report~~0.245700% ~~The~~0.000000% ~~monthly~~0.000000% ~~bond~~1.965602% ~~remittance~~2.037941% ~~report~~0.195229% ~~can~~0.000000% be0.000000% ~~viewed~~2.233170% ~~online~~90 atDays ~~www~~0.~~ctslink~~122850% 0.~~com~~122850% 0.491400% ~~Group~~0.000000% 10.737101% 120.183525% ~~Month~~0.047400% ~~Foreclosure~~0.737413% History*0.000000% ~~New~~0.968339% ~~Foreclosure~~120 ~~Loans~~Days ~~Month~~0.000000% ~~Foreclosure~~0.000000% ~~Percentage~~1.228501% ~~Loans~~0.000000% in1.228501% ~~Foreclosure~~0.000000% 80.000000% ~~Sep-04~~1.041817% 0.~~000~~000000% ~~Original~~1.041817% ~~Principal~~150 ~~Balance~~Days ~~931,820~~0.00245700% ~~Oct-04~~0.245700% 0.~~000~~245700% ~~Current~~0.000000% ~~Principal~~0.737101% ~~Balance~~0.206077% ~~926,724~~0.10130144% ~~Nov-04~~0.110547% 0.~~000~~000000% ~~Dec-04~~ 0.~~000~~446768% ~~Current~~180+ ~~Foreclosure~~Days ~~Total~~0.000000% ~~Jan-05~~0.122850% 0.~~000~~737101% ~~Loans~~0.368550% in1.228501% ~~Foreclosure~~0.000000% 80.053458% ~~Feb-05~~0.616945% 0.~~000~~256955% ~~Original~~0.927358% ~~Principal~~Totals ~~Balance~~5.405405% ~~931,820~~2.00334152% ~~Mar-05~~2.825553% 0.~~000~~368550% ~~Current~~10.933661% 5.232930% 1.702802% 2.609146% 0.256955% 9.801834% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 2 - Fixed No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ~~926~~Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 4 0 0 4 458,~~724~~329.1058 ~~Apr-05~~0.00 0.~~000%~~00 ~~May-05~~458,329.58 30 Days 6 1 0 0 7 476,342.~~000%~~04 ~~Jun-05~~124,851.81 0.~~000%~~00 ~~Jul-05~~0.00 601,193.85 60 Days 1 0 0 0 1 29,939.~~000%~~46 ~~Aug-05~~0.00 0.~~640%~~00 *The0.00 ~~text~~29,939.46 ~~reported~~90 inDays ~~the~~0 ~~above~~0 ~~table~~1 is0 ~~presented~~1 ~~graphically~~0.00 on0.00 ~~the~~179,198.29 ~~monthly~~0.00 ~~bond~~179,198.29 ~~remittance~~120 ~~report~~Days 2 0 0 0 2 194,733.57 ~~The~~0.00 ~~monthly~~0.00 ~~bond~~0.00 ~~remittance~~194,733.57 ~~report~~150 ~~can~~Days be1 ~~viewed~~0 ~~online~~0 at0 ~~www~~1 209,176.~~ctslink~~75 0.~~com~~00 0.00 ~~Group~~0.00 209,176.75 180+ Days 2 120 ~~Month~~1 ~~Foreclosure~~0 History*3 ~~New~~61,411.29 ~~Foreclosure~~0.00 ~~Loans~~84,886.23 ~~Month~~0.00 ~~Foreclosure~~146,297.52 ~~Percentage~~Totals ~~Loans~~12 in5 ~~Foreclosure~~2 0 ~~Sep~~19 971,603.11 583,181.39 264,084.52 0.00 1,818,869.02 0-0429 Days 1.593625% 0.~~000~~000000% ~~Original~~0.000000% ~~Principal~~1.593625% ~~Balance~~1.507104% 0.00000000% ~~Oct-04~~0.000000% 1.507104% 30 Days 2.390438% 0.~~000~~398406% ~~Current~~0.000000% ~~Principal~~0.000000% ~~Balance~~2.788845% 1.566334% 0.00410545% ~~Nov-04~~0.000000% 0.~~000~~000000% ~~Dec-04~~1.976878% 60 Days 0.~~000~~398406% ~~Current~~0.000000% ~~Foreclosure~~0.000000% ~~Total~~0.000000% ~~Jan-05~~0.398406% 0.~~000~~098449% ~~Loans~~0.000000% in0.000000% ~~Foreclosure~~0.000000% 0.098449% ~~Feb-05~~90 Days 0.~~000~~000000% ~~Original~~0.000000% ~~Principal~~0.398406% ~~Balance~~0.000000% 0.00398406% ~~Mar-05~~0.000000% 0.~~000~~000000% ~~Current~~0.589250% ~~Principal~~0.000000% ~~Balance~~0.589250% 120 Days 0.00796813% ~~Apr-05~~0.000000% 0.~~000~~000000% ~~May-05~~0.000000% 0.~~000~~796813% ~~Jun-05~~0.640334% 0.~~000~~000000% ~~Jul-05~~0.000000% 0.~~000~~000000% ~~Aug-05~~0.640334% 150 Days 0.~~000~~398406% *The0.000000% ~~text~~0.000000% ~~reported~~0.000000% in0.398406% ~~the~~0.687826% ~~above~~0.000000% ~~table~~0.000000% is0.000000% ~~presented~~0.687826% ~~graphically~~180+ onDays ~~the~~0.796813% ~~monthly~~0.000000% ~~bond~~0.398406% ~~remittance~~0.000000% ~~report~~1.195219% ~~The~~0.201936% ~~monthly~~0.000000% ~~bond~~0.279128% ~~remittance~~0.000000% ~~report~~0.481064% ~~can~~Totals be4.780876% ~~viewed~~1.992032% ~~online~~0.796813% at0.000000% ~~www~~7.~~ctslink~~569721% 3.~~com~~194878% 1.917649% 0.868377% 0.000000% 5.980905% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL Group 2 12- ~~Month~~ARM ~~Foreclosure~~No History*of ~~New~~Loans ~~Foreclosure~~No of Loans ~~Month~~No ~~Foreclosure~~of ~~Percentage~~Loans No of Loans inNo ~~Foreclosure~~of 5Loans ~~Sep~~Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-0429 Days 1 0 0 1 153,940.~~000%~~00 ~~Original~~0.00 ~~Principal~~0.00 ~~Balance~~153,940.00 ~~883~~30 Days 15 1 0 0 16 4,~~100~~093,018.91 388,483.94 0.00 ~~Oct-04~~0.00 4,481,502.85 60 Days 3 4 0 0 7 558,658.~~000%~~88 ~~Current~~917,196.19 ~~Principal~~0.00 ~~Balance~~0.00 ~~882~~1,~~564~~475,855.07 ~~Nov~~90 Days 0 1 0 0 1 0.00 159,707.46 0.00 0.00 159,707.46 120 Days 3 0 5 0 8 770,464.23 0.00 965,365.03 0.00 1,735,829.26 150 Days 0 0 3 0 3 0.00 0.00 521,327.49 0.00 521,327.49 180+ Days 1 2 2 1 6 157,701.08 324,279.81 272,012.35 247,833.26 1,001,826.50 Totals 22 9 10 1 42 5,579,843.10 1,943,607.40 1,758,704.87 247,833.26 9,529,988.63 0-0429 Days 0.~~000~~187617% ~~Dec-04~~0.000000% 0.~~000~~000000% ~~Current~~0.187617% ~~Foreclosure~~0.122026% ~~Total~~0.000000% ~~Jan-05~~0.000000% 0.~~000~~122026% ~~Loans~~30 inDays ~~Foreclosure~~2.814259% 50.187617% ~~Feb-05~~0.000000% 0.~~000~~000000% ~~Original~~3.001876% ~~Principal~~3.244465% ~~Balance~~0.307945% ~~883,100~~0.00000000% ~~Mar-05~~0.000000% 3.552410% 60 Days 0.~~000~~562852% ~~Current~~0.750469% ~~Principal~~0.000000% ~~Balance~~0.000000% ~~882,564~~1.07313321% ~~Apr-05~~0.442839% 0.~~000~~727046% ~~May-05~~0.000000% 0.~~000~~000000% ~~Jun-05~~1.169885% 90 Days 0.~~000~~000000% ~~Jul-05~~0.187617% 0.~~000~~000000% ~~Aug-05~~0.000000% 0.~~587~~187617% *The0.000000% ~~text~~0.126597% ~~reported~~0.000000% in0.000000% ~~the~~0.126597% ~~above~~120 ~~table~~Days is0.562852% ~~presented~~0.000000% ~~graphically~~0.938086% on0.000000% ~~the~~1.500938% ~~monthly~~0.610734% ~~bond~~0.000000% ~~remittance~~0.765228% ~~report~~0.000000% ~~The~~1.375962% ~~monthly~~150 ~~bond~~Days ~~remittance~~0.000000% ~~report~~0.000000% ~~can~~0.562852% be0.000000% ~~viewed~~0.562852% ~~online~~0.000000% at0.000000% ~~www~~0.~~ctslink~~413247% 0.~~com~~000000% 0.413247% 180+ Days 0.187617% 0.375235% 0.375235% 0.187617% 1.125704% 0.125007% 0.257051% 0.215619% 0.196453% 0.794131% Totals 4.127580% 1.688555% 1.876173% 0.187617% 7.879925% 4.423045% 1.540664% 1.394095% 0.196453% 7.554257%

REO Detail - All Mortgage Loans in REO during Current Period

~~Foreclosure~~12 ~~Loan~~Month ~~Detail~~REO -History* ~~All Mortgage Loans in Foreclosure during Current Period~~ Month ~~Loan~~REO ~~First~~Percentage Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group 1 0000017450 Aug-2005 01-Feb-2005 OK 79.12 170,100.00 Group 1 0010975389 Aug-2005 01-Aug-2004 IL 20.00 28,000.00 Group 1 0011009023 Aug-2005 01-Sep-2004 PA 95.00 137,750.00 Group 1 9500574307 Aug-2005 01-Sep-2004 CO 20.00 52,600.00 Group 1 0010954293 Aug-2005 01-Aug-2004 MI 80.00 100,000.00 Group 1 0011021494 Aug-2005 01-Sep-2004 CA 77.43 175,000.00 Group 1 4430832426 Aug-2005 01-Jul-2004 IA 100.00 74,000.00 Group 1 6000122263 Aug-2005 01-Feb-2005 IL 80.00 108,000.00 Group 1 6000127468 Aug-2005 01-Feb-2005 GA 80.00 110,400.00 Group 1 9500566410 Aug-2005 01-Sep-2004 MI 95.00 105,070.00 Group 1 9500566444 Aug-2005 01-Sep-2004 MI 95.00 95,000.00 Group 1 9500566451 Aug-2005 01-Sep-2004 OH 95.00 164,350.00 Group 2 0000016748 Aug-2005 01-Feb-2005 FL 85.00 198,050.00 Group 2 0000017594 Aug-2005 01-Mar-2005 FL 85.00 68,850.00 Group 2 4430564426 Aug-2005 01-Jul-2004 IA 85.00 71,400.00 Group 2 5000126794 Aug-2005 01-Feb-2005 TX 80.00 248,000.00 Group 2 8000030863 Aug-2005 01-Feb-2005 CT 80.00 296,800.00N/A

~~Foreclosure~~REO Loan Detail - All Mortgage Loans in ~~Foreclosure~~REO during Current Period ~~(continued)~~Month ~~Current~~Loan ~~Paid~~First ~~Current~~Original ~~Approximate~~ Loan ~~Principal~~Entered ToPayment ~~Months~~LTV ~~Loan~~at ~~Delinquent~~Principal Group Number ~~Balance~~REO Date ~~Delinquent~~State ~~Rate~~Origination ~~Interest~~Balance ~~Group~~No 1REO ~~0000017450~~loans ~~169,977.13~~this ~~01-Jan-2005 6 7~~period.635% 6,052.07 Group 1 0010975389 27,906.63 01-Feb-2005 5 10.500% 1,393.73 Group 1 0011009023 137,367.29 01-Jan-2005 6 8.990% 5,818.91 Group 1 9500574307 52,548.11 01-Jan-2005 6 13.750% 3,478.64 Group 1 0010954293 99,245.07 01-Mar-2005 4 6.375% 2,910.58 Group 1 0011021494 174,208.44 01-Feb-2005 5 7.500% 6,084.62 Group 1 4430832426 73,710.54 01-Jan-2005 6 9.000% 3,125.99 Group 1 6000122263 107,924.53 01-Feb-2005 5 7.800% 3,931.80 Group 1 6000127468 110,318.88 01-Feb-2005 5 7.550% 3,881.03 Group 1 9500566410 103,297.70 01-Mar-2005 4 9.770% 4,782.94 Group 1 9500566444 94,260.24 01-Mar-2005 4 9.770% 4,365.07 Group 1 9500566451 163,758.70 01-Feb-2005 5 9.020% 6,965.38 Group 2 0000016748 198,050.00 01-Jan-2005 6 8.990% 8,390.14 Group 2 0000017594 68,809.14 01-Mar-2005 4 8.600% 2,783.97 Group 2 4430564426 71,071.67 01-Feb-2005 5 8.880% 2,973.12 Group 2 5000126794 247,833.26 01-Feb-2005 5 7.990% 9,264.46 Group 2 8000030863 296,800.00 01-Jan-2005 6 8.550% 11,919.61

~~COLLATERAL~~REO ~~STATEMENT~~Loan ~~Collateral~~Detail ~~Description~~- ~~Fixed~~All &Mortgage ~~Mixed~~Loans ~~ARM~~in ~~Weighted~~REO ~~Average~~during ~~Gross~~Current ~~Coupon~~Period ~~7.161656% Weighted Average Net Coupon 6.661656% Weighted Average Pass-Through Rate 5.699467% Weighted Average Maturity~~(~~Stepdown Calculation~~continued) ~~344~~Current ~~Beginning~~Paid ~~Scheduled~~Current ~~Collateral~~Approximate Loan ~~Count~~Principal ~~2,158~~To ~~Number~~Months ~~Of Loans Paid In Full 66 Ending Scheduled Collateral~~ Loan ~~Count~~Delinquent ~~2,092~~Group ~~Beginning~~Number ~~Scheduled Collateral~~ Balance ~~368,390,370.25~~Date ~~Ending~~Delinquent ~~Scheduled~~Rate ~~Collateral~~Interest ~~Balance~~No ~~352,460,500.10~~REO ~~Ending~~loans ~~Actual~~this ~~Collateral Balance at 29-Jul-2005 352,704,667~~period.77 Monthly P&I Constant 2,433,232.81 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 144.00 Cumulative Realized Loss 321.60 Scheduled Principal 234,661.99 Unscheduled Principal 15,695,208.16 Extra principal distribution Amount 0.00 Excess Cash Amount 565,657.45

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Miscellaneous Reporting Extra Prinicipal Distribution Amount 0.~~12 ~~Stepdown~~Month ~~Trigger~~Foreclosure ~~Event~~History* NOMonth ~~Class~~Foreclosure ~~A-1~~Percentage ~~Trigger Event NO~~N/A

~~Group~~Foreclosure Level Collateral Statement Group Group 1 Group 1 Group 2 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.875262 7.317238 7.648021 Weighted Average Net Rate 7.375262 6.817238 7.148021 Weighted Average Maturity 346 346 342 Beginning Loan ~~Count~~Detail ~~220~~- ~~970~~All ~~307~~Mortgage Loans ~~Paid~~in InForeclosure ~~Full~~during 4Current 22Period 9Month ~~Ending~~ Loan ~~Count~~First ~~216~~Original ~~948~~Loan ~~298~~Entered ~~Beginning~~Payment ~~Scheduled~~LTV ~~Balance~~at ~~21,831,789.72~~Principal ~~149,552,796.61~~Group ~~37,828,869.50~~Number ~~Ending~~FC ~~Scheduled Balance 21,120,092.75 144,684,235.94 36,277,957.27 Record~~ Date ~~07/29/2005~~State ~~07/29/2005~~Origination ~~07/29/2005~~Balance ~~Principal~~No ~~And~~Foreclosure ~~Interest~~loans ~~Constant~~this ~~161,375~~period.30 1,015,917.77 271,708.14 Scheduled Principal 18,099.41 103,989.90 30,611.48 Unscheduled Principal 693,597.56 4,764,570.77 1,520,300.75 Scheduled Interest 143,275.89 911,927.87 241,096.66 Servicing Fees 9,096.58 62,313.67 15,762.03 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 7,647.01 71,281.03 11,845.95 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 4,584.10 53,219.90 6,141.80 Net Interest 121,948.20 725,113.27 207,346.88 Realized Loss Amount 0.00 45.00 45.00 Cumulative Realized Loss 0.00 151.00 74.00 Percentage of Cumulative Losses 0.0000 0.0001 0.0002 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.702970 5.818253 6.577417

~~Group~~Foreclosure ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All ~~Group~~Mortgage 2Loans ~~Total~~in ~~Collateral~~Foreclosure ~~Description~~during ~~Mixed~~Current ~~ARM~~Period ~~Fixed~~(continued) &Current ~~Mixed~~Paid ~~ARM~~Current ~~Weighted~~Approximate ~~Average Coupon Rate 6.802020 7.161656 Weighted Average Net Rate 6.302020 6.661656 Weighted Average Maturity 342 344 Beginning~~ Loan ~~Count~~Principal ~~661~~To ~~2,158~~Months ~~Loans Paid In Full 31 66 Ending~~ Loan ~~Count~~Delinquent ~~630~~Group ~~2,092~~Number ~~Beginning Scheduled~~ Balance ~~159,176,914.42 368,390,370.25 Ending scheduled Balance 150,378,214.14 352,460,500.10 Record~~ Date ~~07/29/2005~~Delinquent ~~07/29/2005~~Rate ~~Principal And~~ Interest ~~Constant~~No ~~984,231.60~~Foreclosure ~~2,433,232.81~~loans ~~Scheduled~~this ~~Principal 81,961~~period.20 234,661.99 Unscheduled Principal 8,716,739.08 15,695,208.16 Scheduled Interest 902,270.40 2,198,570.82 Servicing Fees 66,323.71 153,495.99 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 78,671.91 169,445.90 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 61,992.49 125,938.29 Net Interest 695,282.29 1,749,690.64 Realized Loss Amount 54.00 144.00 Cumulative Realized Loss 96.60 321.60 Percentage of Cumulative Losses 0.0001 0.0001 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.241581 5.699467

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~Prepayment~~12 ~~Detail~~Month -Bankruptcy ~~Prepayments~~History* ~~during~~Month ~~Current~~Bankruptcy ~~Period~~Percentage Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Group 1 4 697,375.00 690,963.34 0 0.00 0.00 Group 1 22 4,785,834.50 4,760,371.92 0 0.00 0.00 Group 2 9 1,534,052.00 1,518,900.94 0 0.00 0.00 Group 2 31 8,755,536.00 8,710,763.28 0 0.00 0.00 Total 66 15,772,797.50 15,680,999.48 0 0.00 0.00N/A

~~Prepayment~~Bankruptcy Detail - ~~Prepayments~~All ~~during~~Mortgage ~~Current Period (continued) Summary Substitution~~ Loans ~~Liquidated~~in ~~Loans~~Bankruptcy ~~Curtailments~~during ~~Original~~ Current ~~Original~~Period ~~Current Principal Principal Principal Principal Curtailment~~ Group ~~Count~~Loan ~~Balance~~Month ~~Balance~~Loan ~~Count~~First ~~Balance~~State ~~Balance~~LTV ~~Amount~~at ~~Group~~Original 1Number 0Entered ~~0.00~~Payment ~~0.00~~Origination 0Principal ~~0.00~~Bankruptcy ~~0.00~~Date ~~3,150.62~~Balance ~~Group~~No 1Bankruptcy 0Loans ~~0.00~~this ~~0.00 0 0.00 0.00 6,962.07 Group 2 0 0.00 0.00 0 0.00 0.00 47,641.63 Group 2 0 0.00 0.00 0 0.00 0.00 10,944.40 Total 0 0.00 0.00 0 0.00 0.00 68,698.72~~Period

~~Prepayment~~Bankruptcy ~~Loan~~ Detail - ~~Prepayments~~All Mortgage Loans in Bankruptcy during Current Period ~~First~~(continued) ~~Original~~Group Loan ~~LTV~~Current atPaid ~~Payment~~To ~~Principal~~Months ~~Prepayment~~Current ~~Group~~Approximate Number ~~State~~Principal ~~Origination~~ Date ~~Balance~~Delinquent ~~Amount~~Loan ~~Group~~Rate 1Delinquent ~~1581083913~~Balance CAInterest ~~67.11~~No ~~01-Aug-2004~~Bankruptcy ~~200,000.00~~Loans ~~197,720.87~~this Group 1 4385634476 NC 85.00 01-Aug-2004 71,825.00 71,174.77 Group 1 9500557864 WA 20.00 01-Sep-2004 64,300.00 63,325.08 Group 1 9500569216 CA 85.00 01-Sep-2004 361,250.00 358,226.22 Group 1 0000445325 GA 89.13 01-Oct-2004 209,467.00 209,467.00 Group 1 0080017286 NV 75.00 01-Jan-2005 264,000.00 264,000.00 Group 1 0591745922 CA 58.63 01-Aug-2004 234,500.00 234,500.00 Group 1 1000208912 FL 81.98 01-Jan-2005 91,000.00 90,309.80 Group 1 1000211576 AZ 80.00 01-Jan-2005 148,320.00 147,552.30 Group 1 1000211635 CA 75.00 01-Feb-2005 225,000.00 223,711.49 Group 1 1000213227 CA 65.00 01-Feb-2005 211,900.00 210,721.64 Group 1 1000217365 MD 80.00 01-Feb-2005 132,000.00 131,398.45 Group 1 1492928317 IL 65.38 01-Aug-2004 204,000.00 201,744.07 Group 1 1493288317 MI 96.84 01-Aug-2004 266,300.00 263,499.22 Group 1 4393110436 FL 80.00 01-Jul-2004 100,000.00 99,999.98 Group 1 5000127310 MN 80.00 01-Feb-2005 172,000.00 172,000.00 Group 1 6000127627 DE 67.98 01-Feb-2005 155,000.00 154,077.06 Group 1 7000127426 CA 84.87 01-Feb-2005 322,500.00 320,214.32 Group 1 8083074179 AZ 100.00 01-Aug-2004 139,000.00 137,495.05 Group 1 9500556767 CA 94.98 01-Sep-2004 261,200.00 258,725.96 Group 1 9500564589 CA 90.00 01-Sep-2004 342,000.00 339,881.91 Group 1 9500567038 CA 95.00 01-Sep-2004 232,750.00 230,612.53 Group 1 9500568358 NY 95.00 01-Sep-2004 645,050.00 640,947.56 Group 1 9500571410 MO 90.00 01-Sep-2004 76,410.00 75,769.58 Group 1 9500574034 NY 93.75 01-Sep-2004 300,000.00 297,843.47 Group 1 9500575478 TX 95.00 01-Sep-2004 53,437.50 53,137.31 Group 2 000L470016 CA 8.02 01-Sep-2004 75,000.00 74,365.90 Group 2 000L470043 CA 16.00 01-Sep-2004 60,000.00 59,422.65 Group 2 000W460022 FL 20.00 01-Sep-2004 44,580.00 44,424.70 Group 2 1000068006 FL 20.00 01-Feb-2005 89,400.00 89,115.54 Group 2 1000070865 FL 90.00 01-Feb-2005 115,200.00 114,590.16 Group 2 1000071001 CA 80.00 01-Feb-2005 194,887.00 193,603.17 Group 2 1000071613 CA 20.00 01-Feb-2005 44,985.00 0.00 Group 2 1580064913 CA 77.42 01-Jul-2004 240,000.00 236,463.00 Group 2 9500542726 CA 78.82 01-Aug-2004 670,000.00 660,674.00 Group 2 0000014621 FL 90.00 01-Sep-2004 459,000.00 459,000.00 Group 2 0000016705 KY 58.06 01-Feb-2005 36,000.00 35,845.91 Group 2 0000017584 CA 65.29 01-Feb-2005 225,250.00 223,531.24 Group 2 0000446434 MD 80.00 01-Sep-2004 332,000.00 328,218.18 Group 2 0000448910 MA 80.00 01-Oct-2004 340,000.00 336,873.69 Group 2 000W460021 FL 80.00 01-Sep-2004 178,320.00 176,516.00 Group 2 000W460626 FL 86.34 01-Sep-2004 122,600.00 121,485.83 Group 2 0080015146 CA 80.00 01-Dec-2004 296,000.00 293,111.44 Group 2 0080015428 VA 80.00 01-Jan-2005 304,000.00 303,175.72 Group 2 0080017194 CA 85.00 01-Jan-2005 382,500.00 379,675.27 Group 2 0080018096 CA 90.00 01-Jan-2005 391,500.00 388,614.21 Group 2 0591646922 CA 86.96 01-Jul-2004 400,000.00 400,000.00 Group 2 0591888922 CA 80.00 01-Aug-2004 144,000.00 144,000.00 Group 2 1000067731 FL 80.00 01-Feb-2005 357,600.00 357,600.00 Group 2 1000069605 CA 79.57 01-Feb-2005 361,250.00 357,253.31 Group 2 1000070851 CA 82.00 01-Feb-2005 410,000.00 407,660.51 Group 2 1000071543 CA 80.00 01-Feb-2005 179,936.00 178,632.82 Group 2 1000071843 VA 82.89 01-Mar-2005 393,750.00 391,878.96 Group 2 1000200032 CA 80.00 01-Jan-2005 392,000.00 389,374.25 Group 2 1000210742 CA 80.00 01-Jan-2005 191,200.00 189,901.96 Group 2 1000213777 AZ 90.00 01-Feb-2005 159,249.00 158,272.85 Group 2 1000214828 MA 80.00 01-Feb-2005 208,000.00 207,001.21 Group 2 1000216864 CA 85.00 01-Feb-2005 464,950.00 462,016.35 Group 2 1492353317 IL 100.00 01-Jul-2004 214,000.00 211,895.99 Group 2 1580716913 CA 93.24 01-Jul-2004 317,000.00 316,951.36 Group 2 1581019913 VA 100.00 01-Aug-2004 215,000.00 215,000.00 Group 2 4429673426 KS 100.00 01-Aug-2004 188,000.00 186,241.54 Group 2 5000129251 MD 80.00 01-Feb-2005 183,920.00 183,038.67 Group 2 9080077678 WA 90.00 01-Jul-2004 200,511.00 200,511.00 Group 2 9087715278 NV 90.00 01-Jul-2004 360,000.00 354,911.74 Group 2 9088419278 CA 80.00 01-Aug-2004 348,000.00 347,604.67Period

~~Prepayment~~Realized ~~Loan~~Loss Detail Report - ~~Prepayments~~Loans with Losses during Current Period ~~(continued)~~Summary ~~Current~~# ~~Loan~~Loans ~~PIF~~Prior ~~Months~~Realized ~~Loan~~Current ~~Original~~with ~~Group~~Principal Number Type Delinquent Rate Term Seasoning Group 1 1581083913 Loan Paid in Full 0 6.990% 360 12 Group 1 4385634476 Loan Paid in Full 0 8.200% 360 12 Group 1 9500557864 Loan Paid in Full 0 11.890% 360 11 Group 1 9500569216 Loan Paid in Full 0 7.990% 360 11 Group 1 0000445325 Loan Paid in Full 0 8.300% 360 10 Group 1 0080017286 Loan Paid in Full 0 5.990% 360 7 Group 1 0591745922 Loan Paid in Full 0 6.500% 360 12 Group 1 1000208912 Loan Paid in Full 0 6.350% 360 7 Group 1 1000211576 Loan Paid in Full Loss/(1Gain) ~~8.300%~~Loss ~~360 7~~ Group 1Losses ~~1000211635~~Balance ~~Loan~~Amount Paid in Full 0 7.100% 360 6 Group 1 1000213227 Loan Paid in Full 1 7.250% 360 6 Group 1 1000217365 Loan Paid in Full 0 8.250% 360 6 Group 1 1492928317 Loan Paid in Full 1 6.990% 360 12 Group 1 1493288317 Loan Paid in Full 1 7.250% 360 12 Group 1 4393110436 Loan Paid in Full 0 7.300% 360 13 Group 1 5000127310 Loan Paid in Full (1) 6.375% 360 6 Group 1 6000127627 Loan Paid in Full 0 6.900% 360 6 Group 1 7000127426 Loan Paid in Full 0 5.990% 360 6 Group 1 8083074179 Loan Paid in Full 0 7.100% 360 12 Group 1 9500556767 Loan Paid in Full 0 7.750% 360 11 Group 1 9500564589 Loan Paid in Full 0 10.270% 360 11 Group 1 9500567038 Loan Paid in Full (1) 8.250% 360 11 Group 1 9500568358 Loan Paid in Full 0 9.350% 360 11 Group 1 9500571410 Loan Paid in Full 0 8.350% 360 11 Group 1 9500574034 Loan Paid in Full 0 8.750% 360 11 Group 1 9500575478 Loan Paid in Full 0 9.950% 360 11 Group 2 000L470016 Loan Paid in Full (1) 9.450% 180 11 Group 2 000L470043 Loan Paid in Full 0 8.850% 180 11 Group 2 000W460022 Loan Paid in Full 0 13.000% 180 11 Group 2 1000068006 Loan Paid in Full 0 9.990% 180 6 Group 2 1000070865 Loan Paid in Full 3 7.500% 360 6 Group 2 1000071001 Loan Paid in Full 0 6.375% 360 6 Group 2 1000071613 Loan Paid in Full 0 11.500% 180 6 Group 2 1580064913 Loan Paid in Full 0 5.875% 360 13 Group 2 9500542726 Loan Paid in Full 0 6.290% 360 12 Group 2 0000014621 Loan Paid in Full 0 7.825% 360 11 Group 2 0000016705 Loan Paid in Full 1 8.600% 360 6 Group 2 0000017584 Loan Paid in Full 0 7.475% 360 6 Group 2 0000446434 Loan Paid in Full 0 6.400% 360 11 Group 2 0000448910 Loan Paid in Full 0 7.050% 360 10 Group 2 000W460021 Loan Paid in Full 0 7.200% 360 11 Group 2 000W460626 Loan Paid in Full 0 7.575% 360 11 Group 2 0080015146 Loan Paid in Full 1 5.650% 360 8 Group 2 0080015428 Loan Paid in Full 0 6.350% 360 7 Group 2 0080017194 Loan Paid in Full 0 6.490% 360 7 Group 2 0080018096 Loan Paid in Full 0 6.500% 360 7 Group 2 0591646922 Loan Paid in Full 0 6.990% 360 13 Group 2 0591888922 Loan Paid in Full 0 6.650% 360 12 Group 2 1000067731 Loan Paid in Full 0 6.250% 360 6 Group 2 1000069605 Loan Paid in Full 0 6.875% 360 6 Group 2 1000070851 Loan Paid in Full 0 7.125% 360 6 Group 2 1000071543 Loan Paid in Full 0 5.875% 360 6 Group 2 1000071843 Loan Paid in Full 0 7.250% 360 5 Group 2 1000200032 Loan Paid in Full 0 7.000% 360 7 Group 2 1000210742 Loan Paid in Full 0 7.250% 360 7 Group 2 1000213777 Loan Paid in Full 0 6.750% 360 6 Group 2 1000214828 Loan Paid in Full 0 7.990% 360 6 Group 2 1000216864 Loan Paid in Full 0 6.600% 360 6 Group 2 1492353317 Loan Paid in Full 0 7.990% 360 13 Group 2 1580716913 Loan Paid in Full (1) 6.500% 360 13 Group 2 1581019913 Loan Paid in Full 0 7.500% 360 12 Group 2 4429673426 Loan Paid in Full 0 7.850% 360 12 Group 2 5000129251 Loan Paid in Full 0 8.000% 360 6 Group 2 9080077678 Loan Paid in Full 0 6.375% 360 13 Group 2 9087715278 Loan Paid in Full 0 6.100% 360 13 Group 2 9088419278 Loan Paid in Full 0 6.600% 360 12Percentage

~~Summary~~Realized ~~SMM~~Loss ~~CPR~~Loan ~~PSA~~Detail ~~Current~~Report Month 4.263% Current Month 40.715% Current Month 2,366.456% 3 Month Average 3.518% 3 Month Average 34.780% 3 Month Average 2,269.193% 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~~Loans ~~N/A~~With ~~Sep-2004~~Losses ~~N/A~~during N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 34.147% N/A Apr-2005 3,612.308% N/A May-2005 24.585% N/A May-2005 2,158.167% N/A Jun-2005 29.243% N/A Jun-2005 2,188.224% N/A Jul-2005 34.381% N/A Jul-2005 2,252.900% N/A Aug-2005 40.715% N/A Aug-2005 2,366.456% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 SMM CPR PSA Current ~~Month~~Period ~~3.180%~~Original Current ~~Month~~Loan ~~32.142%~~Principal ~~Current~~Note ~~Month~~LTV 1,657.161% 3 Month Average 2.815% 3 Month Average 28.975% 3 Month Average 1,663.982% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 24.232% N/A Apr-2005 2,127.218% N/A May-2005 34.157% N/A May-2005 2,539.226% N/A Jun-2005 28.205% N/A Jun-2005 1,816.282% N/A Jul-2005 26.579% N/A Jul-2005 1,518.503% N/A Aug-2005 32.142% N/A Aug-2005 1,657.161% 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~~Original ~~bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com.~~ Group 1Number SMM CPR PSA Current Month 3.188% Current Month 32.213% Current Month 1,868.520% 3 Month Average 3.717% 3 Month Average 36.371% 3 Month Average 2,397.934% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 37.518% N/A Apr-2005 3,920.161% N/A May-2005 26.453% N/A May-2005 2,295.914% N/A Jun-2005 34.108% N/A Jun-2005 2,527.359% N/A Jul-2005 42.793% N/A Jul-2005 2,797.923% N/A Aug-2005 32.213% N/A Aug-2005 1,868.520% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 4.022% Current Month 38.898% Current Month 2,042.713% 3 Month Average 2.670% 3 Month Average 27.234% 3 Month Average 1,581.447% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 40.854% N/A Apr-2005 3,694.714% N/A May-2005 16.059% N/A May-2005 1,222.275% N/A Jun-2005 24.654% N/A Jun-2005 1,640.499% N/A Jul-2005 18.150% N/A Jul-2005 1,061.128% N/A Aug-2005 38.898% N/A Aug-2005 2,042.713% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 5.479% Current Month 49.144% Current Month 2,992.899% 3 Month Average 3.616% 3 Month Average 34.930% 3 Month Average 2,368.594% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 30.291% N/A Apr-2005 3,483.121% N/A May-2005 23.217% N/A May-2005 2,195.754% N/A Jun-2005 25.491% N/A Jun-2005 2,030.821% N/A Jul-2005 30.156% N/A Jul-2005 2,082.063% N/A Aug-2005 49.144% N/A Aug-2005 2,992.899% 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):~~State 1Origination ~~- ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original~~ Term -No ~~Remaining~~losses ~~Term)*(Current~~this ~~Scheduled Balance/Deal Scheduled Principal Balance))~~period.

Realized Loss Loan Detail Report - Loans ~~with~~With Losses during Current Period ~~Summary~~(continued) #Prior ~~Loans~~Cumulative ~~Prior~~Loan Principal Realized ~~Current~~Realized ~~with~~Group ~~Principal~~Number Balance Loss/(Gain) Loss/(Gain) ~~Group~~No ~~Losses~~losses ~~Balance~~this ~~Amount Percentage Group 1 0 0~~period.~~00 0.00 0.000% Group 1 3 0.00 45.00 0.000% Group 2 3 0.00 45.00 0.000% Group 2 2 0.00 54.00 0.000% Total 8 0.00 144.00 0.000%~~

Realized Loss ~~Loan Detail~~ Report - ~~Loans~~Collateral ~~With~~Current ~~Losses~~Month ~~during~~N/A Current ~~Period~~Month ~~Original~~N/A ~~Current~~3 ~~Loan~~Month ~~Principal~~Average ~~Note~~N/A ~~LTV~~3 atMonth ~~Original~~Average ~~Group~~N/A ~~Number~~12 ~~Balance~~Month ~~Rate~~Average ~~State~~N/A ~~Origination~~12 ~~Term~~Month ~~Group~~Average 1N/A ~~0000448419~~: ~~280,000.00~~Current ~~7.6000%~~vs VA12mo ~~79.77~~Average* ~~360~~: ~~Group~~Current 1vs ~~0000450374~~12mo ~~256,000~~Average* Month Current 12mo Avg.00 7Month Current 12mo Avg.~~0000%~~ CAN/A 80N/A N/A N/A Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).00 ~~360~~Conditional ~~Group~~Default Rate (CDR): 1-((1-MDR)^12) ~~9500575981~~SDA ~~71,250.00~~Standard ~~9.5000%~~Default SCAssumption: ~~90.19~~If ~~360~~WAS ~~Group~~is 2less ~~0000014324~~than ~~38,000.00~~or ~~11.7500%~~equal FLto 2030 then CDR/(WAS*0.0002) ~~180~~else ~~Group~~if 2WAS ~~0000016411~~is ~~40,000.00~~greater ~~10.7500%~~than WA30 ~~19.70~~and ~~180~~less ~~Group~~than 2or ~~0000017272~~equal ~~35,000.00~~to ~~8.3500%~~60 KYthen 58CDR/0.336 ~~360~~else ~~Group~~if 2WAS ~~0000014323~~is ~~152,000.00~~greater ~~7.7750%~~than FL60 ~~80.00~~and ~~360~~less ~~Group~~than 2or ~~000R4B0664~~equal ~~96,900.00~~to 120 then CDR/(0.6 - ((WAS-60)*0.~~9000%~~0095)) MOelse 85if WAS is greater than 120 then CDR/0.0003 ~~360~~Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

~~Realized~~Prepayment ~~Loss Loan~~ Detail ~~Report~~ - ~~Loans~~Prepayments ~~With Losses~~ during Current Period ~~(continued)~~Summary ~~Prior~~Loans ~~Cumulative~~Paid ~~Loan~~In ~~Principal~~Full ~~Realized~~Repurchased ~~Realized~~Loans ~~Group~~Original ~~Number~~Current ~~Balance~~Original ~~Loss/(Gain)~~Current ~~Loss/(Gain)~~Principal ~~Group~~Principal 1Principal ~~0000448419~~Principal ~~0.00 21.00 21.00~~ Group 1Count ~~0000450374~~Balance ~~0.00~~Balance ~~6.00~~Count ~~6.00~~Balance Group 1 9500575981 0.00 18.00 18.00 Group 2 0000014324 0.00 27.00 27.00 Group 2 0000016411 0.00 9.00 9.00 Group 2 0000017272 0.00 9.00 13.00 Group 2 0000014323 0.00 27.00 27.00 Group 2 000R4B0664 0.00 27.00 31.00Balance

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.052% 3 Month Average 4.060% 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.053% N/A Apr-2005 6.769% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.156% N/A Jul-2005 12.180% N/A Aug-2005 0.000% N/A Aug-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 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 0.620% 3 Month Average 0.001% 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.640% N/A Apr-2005 0.006% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 1.859% N/A Jul-2005 0.002% N/A Aug-2005 0.000% N/A Aug-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.121% 3 Month Average 9.841% 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 0.126% N/A Apr-2005 17.239% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.364% N/A Jul-2005 29.522% N/A Aug-2005 0.000% N/A Aug-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 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 1.425% 3 Month Average 0.001% 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-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 1.499% N/A Apr-2005 0.006% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 4.276% N/A Jul-2005 0.002% N/A Aug-2005 0.000% N/A Aug-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 monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Prepayment - Voluntary Prepayments

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2005-HE1