8-K 1 sam05ar3_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 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Loan Pass-Through Certificates, Series 2005-AR3 (Exact name of registrant as specified in its charter) New York (governing law of 333-120916-15 Pooling and Servicing Agreement) (Commission 54-2176807 (State or other File Number) 54-2176808 jurisdiction 54-2176809 of Incorporation) 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 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Loan Pass-Through Certificates, Series 2005-AR3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Pass-Through Certificates, Series 2005-AR3 Trust, relating to the December 27, 2005 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Loan Pass-Through Certificates, Series 2005-AR3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Pass-Through Certificates, Series 2005-AR3 Trust , relating to the December 27, 2005 distribution. EX-99.1 Structured Asset Mortgage Investments Inc. Mortgage Loan Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Structured Asset Mortgage Investments Inc. Mortgage Loan Pass-Through Certificates Series 2005-AR3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Structured Asset Mortgage Investments Inc. Mortgage Loan Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Structured Asset Mortgage Investments Inc. Mortgage Loan Pass-Through Certificates Series 2005-AR3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ I-A-1 86359LJZ3 ~~SEN 3~~4.~~73000~~46375% ~~241~~221,~~681~~323,~~779~~510.8958 ~~776~~878,~~268~~162.4551 I-A-2 86359LKA6 ~~SEN 3~~4.~~76000~~49375% ~~108~~99,~~152~~041,~~312~~704.5486 ~~350~~395,~~173~~616.1559 I-A-3 86359LKB4 ~~SEN 3~~4.~~85000~~58375% 5248,~~967~~505,~~213~~325.4650 ~~175~~197,~~601~~632.0325 I-X 86359LKC2 ~~SEN 0~~1.~~35384~~06859% 0.00 ~~118~~328,~~771~~477.3129 II-A-1 86359LKD0 ~~SEN 4~~5.~~68420~~55894% ~~131~~108,~~422~~871,~~344~~555.8409 ~~513~~504,~~006~~140.8343 M-1 86359LKJ7 ~~MEZ 3~~4.~~99000~~72375% 7,~~279~~273,~~563~~259.6247 2530,~~011~~536.3727 M-2 86359LKK4 ~~MEZ~~ 4.~~04000~~77375% 6,~~697~~691,~~238~~438.4963 2328,~~326~~390.0393 M-3 86359LKL2 ~~MEZ~~ 4.~~09000~~82375% 4,~~076~~072,~~275~~745.9587 1617,~~043~~461.9416 M-4 86359LKM0 ~~MEZ~~ 4.~~21000~~94375% 3,~~493~~490,~~950~~925.8203 1315,~~631~~339.7207 M-5 86359LKN8 ~~MEZ~~ 4.~~23000~~96375% 3,~~203~~200,~~287~~513.6760 1114,~~597~~119.8191 M-6 86359LKP3 ~~MEZ 4~~5.~~28000~~01375% 2,~~911~~909,~~625~~104.6819 1012,~~541~~963.8257 B-1 86359LKQ1 ~~SUB 4~~5.~~91000~~64375% 2,~~620~~618,~~962~~692.5376 913,~~489~~135.4491 B-2 86359LKR9 ~~SUB~~ 5.~~01000~~74375% 2,~~329~~327,~~300~~283.5436 811,~~433~~881.4501 B-3 86359LKS7 ~~SUB 5~~6.~~61000~~34375% 1,~~456~~455,~~312~~051.2609 58,~~272~~204.7220 B-4 86359LKT5 ~~SUB 5~~6.~~61000~~34375% 5,~~532~~527,~~588~~796.2196 2036,~~031~~156.2662 B-5 86359LKU2 ~~SUB 5~~6.~~61000~~34375% 3,~~785~~782,~~612~~334.8144 1320,~~706~~661.1748 B-6 86359LKV0 ~~SUB 5~~6.~~61000~~34375% 2,~~618~~616,~~957~~688.4672 912,~~482~~606.1884 M-X 86359LKE8 ~~SUB~~ 0.~~07033~~37450% 0.00 0.00 R-1 86359LKF5 ~~RES~~ 0.00000% 0.00 0.00 R-2 86359LKG3 ~~RES~~ 0.00000% 0.00 0.00 R-3 86359LKH1 ~~RES~~ 0.00000% 0.00 ~~176~~0.9700 Totals ~~580~~523,~~229~~707,~~326~~930.7715 2,~~100~~525,~~565~~486.6504

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 5,~~472~~934,~~465~~955.2138 0.00 ~~236~~215,~~209~~388,~~314~~555.6820 6,~~248~~813,~~733~~117.6689 0.00 I-A-2 2,~~448~~655,~~921~~877.7535 0.00 ~~105~~96,~~703~~385,~~390~~827.7951 23,~~799~~051,~~094~~493.9094 0.00 I-A-3 1,~~199~~300,~~350~~706.7956 0.00 5147,~~767~~204,~~862~~618.6894 1,~~374~~498,~~951~~338.8281 0.00 I-X 0.00 0.00 0.00 ~~118~~328,~~771~~477.3129 0.00 II-A-1 110,~~311~~075,~~909~~384.5845 0.00 ~~130~~98,~~110~~796,~~435~~170.2665 110,~~824~~579,~~916~~524.4188 0.00 M-1 ~~3,327~~211.2627 0.00 7,~~276~~273,~~236~~048.3620 2830,~~338~~747.6354 0.00 M-2 ~~3,061~~194.1037 0.00 6,~~694~~691,~~177~~244.39 26 28,~~387~~585.1330 0.00 M-3 ~~1,863~~118.1431 0.00 4,~~074~~072,~~412~~627.8157 17,~~907~~579.0847 0.00 M-4 ~~1,596~~101.9840 0.00 3,~~492~~490,~~353~~823.8463 15,~~228~~440.7047 0.00 M-5 ~~1,464~~92.1297 0.00 3,~~201~~200,~~823~~420.5563 1314,~~061~~212.9388 0.00 M-6 ~~1,330~~84.8150 0.00 2,~~910~~909,~~294~~019.8769 1113,~~872~~048.6307 0.00 B-1 ~~1,197~~76.9607 0.00 2,~~619~~618,~~764~~616.5770 1013,~~687~~211.4098 0.00 B-2 ~~1,064~~67.6560 0.00 2,~~328~~327,~~235~~215.8975 911,~~498~~948.1061 0.00 B-3 ~~665~~42.6327 0.00 1,455,~~646~~008.6382 58,~~938~~246.3547 0.00 B-4 ~~2,528~~160.7757 0.00 5,~~530~~527,~~059~~636.4439 2236,~~560~~317.0319 0.00 B-5 ~~1,730~~109.2987 0.00 3,~~783~~782,~~882~~224.5257 1520,~~436~~771.4635 0.00 B-6 ~~1,197~~76.0401 0.00 2,~~617~~616,~~759~~612.71 1012,~~679~~682.2285 0.00 M-X 0.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 ~~176~~0.9700 0.00 Totals 1019,~~453~~968,~~675~~258.0895 0.00 ~~569~~503,~~775~~739,~~650~~671.9922 1222,~~554~~493,~~240~~744.7399 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-1 242,566,000.00 ~~241~~221,~~681~~323,~~779~~510.8958 ~~142~~4,~~285~~734.4423 5,~~330~~930,~~179~~221.7715 0.00 0.00 I-A-2 108,548,000.00 ~~108~~99,~~152~~041,~~312~~704.5486 632,~~672~~118.5756 2,~~385~~653,~~249~~758.1980 0.00 0.00 I-A-3 53,161,000.00 5248,~~967~~505,~~213~~325.4650 311,~~183~~037.4156 1,~~168~~299,~~167~~669.3701 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 132,677,000.00 ~~131~~108,~~422~~871,~~344~~555.8409 75,~~417~~696.2192 110,~~304~~069,~~492~~687.3753 0.00 0.00 M-1 7,288,000.00 7,~~279~~273,~~563~~259.6247 ~~3,327~~211.2627 0.00 0.00 0.00 M-2 6,705,000.00 6,~~697~~691,~~238~~438.4963 ~~3,061~~194.1037 0.00 0.00 0.00 M-3 4,081,000.00 4,~~076~~072,~~275~~745.9587 ~~1,863~~118.1431 0.00 0.00 0.00 M-4 3,498,000.00 3,~~493~~490,~~950~~925.8203 ~~1,596~~101.9840 0.00 0.00 0.00 M-5 3,207,000.00 3,~~203~~200,~~287~~513.6760 ~~1,464~~92.1297 0.00 0.00 0.00 M-6 2,915,000.00 2,~~911~~909,~~625~~104.6819 ~~1,330~~84.8150 0.00 0.00 0.00 B-1 2,624,000.00 2,~~620~~618,~~962~~692.5376 ~~1,197~~76.9607 0.00 0.00 0.00 B-2 2,332,000.00 2,~~329~~327,~~300~~283.5436 ~~1,064~~67.6560 0.00 0.00 0.00 B-3 1,458,000.00 1,~~456~~455,~~312~~051.2609 ~~665~~42.6327 0.00 0.00 0.00 B-4 5,539,000.00 5,~~532~~527,~~588~~796.2196 ~~2,528~~160.7757 0.00 0.00 0.00 B-5 3,790,000.00 3,~~785~~782,~~612~~334.8144 ~~1,730~~109.2987 0.00 0.00 0.00 B-6 2,621,992.60 2,~~618~~616,~~957~~688.4672 ~~1,197~~76.0401 0.00 0.00 0.00 M-X 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 Totals 583,011,142.60 ~~580~~523,~~229~~707,~~326~~930.7715 ~~265~~14,~~586~~922.3848 1019,~~188~~953,~~088~~336.7049 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 5,~~472~~934,~~465~~955.2138 ~~236~~215,~~209~~388,~~314~~555.6820 0.~~97379400~~887959 5,~~472~~934,~~465~~955.2138 I-A-2 2,~~448~~655,~~921~~877.7535 ~~105~~96,~~703~~385,~~390~~827.7951 0.~~97379400~~887956 2,~~448~~655,~~921~~877.7535 I-A-3 1,~~199~~300,~~350~~706.7956 5147,~~767~~204,~~862~~618.6894 0.~~97379400~~887956 1,~~199~~300,~~350~~706.7956 I-X 0.00 0.00 0.~~00000000~~000000 0.00 II-A-1 110,~~311~~075,~~909~~384.5845 ~~130~~98,~~110~~796,~~435~~170.2665 0.~~98065554~~744637 110,~~311~~075,~~909~~384.5845 M-1 ~~3,327~~211.2627 7,~~276~~273,~~236~~048.3620 0.~~99838589~~997948 ~~3,327~~211.2627 M-2 ~~3,061~~194.1037 6,~~694~~691,~~177~~244.3926 0.~~99838589~~997948 ~~3,061~~194.1037 M-3 ~~1,863~~118.1431 4,~~074~~072,~~412~~627.8157 0.~~99838589~~997948 ~~1,863~~118.1431 M-4 ~~1,596~~101.9840 3,~~492~~490,~~353~~823.8463 0.~~99838589~~997948 ~~1,596~~101.9840 M-5 ~~1,464~~92.1297 3,~~201~~200,~~823~~420.5563 0.~~99838589~~997948 ~~1,464~~92.1297 M-6 ~~1,330~~84.8150 2,~~910~~909,~~294~~019.8769 0.~~99838589~~997948 ~~1,330~~84.8150 B-1 ~~1,197~~76.9607 2,~~619~~618,~~764~~616.5770 0.~~99838589~~997948 ~~1,197~~76.9607 B-2 ~~1,064~~67.6560 2,~~328~~327,~~235~~215.8975 0.~~99838589~~997948 ~~1,064~~67.6560 B-3 ~~665~~42.6327 1,455,~~646~~008.6382 0.~~99838589~~997948 ~~665~~42.6327 B-4 ~~2,528~~160.7757 5,~~530~~527,~~059~~636.4439 0.~~99838589~~997948 ~~2,528~~160.7757 B-5 ~~1,730~~109.2987 3,~~783~~782,~~882~~224.5257 0.~~99838589~~997948 ~~1,730~~109.2987 B-6 ~~1,197~~76.0401 2,~~617~~616,~~759~~612.71 0.~~99838562~~997948 ~~1,197~~76.0401 M-X 0.00 0.00 0.~~00000000~~000000 0.00 R-1 0.00 0.00 0.~~00000000~~000000 0.00 R-2 0.00 0.00 0.~~00000000~~000000 0.00 R-3 0.00 0.00 0.~~00000000~~000000 0.00 Totals 1019,~~453~~968,~~675~~258.0895 ~~569~~503,~~775~~739,~~650~~671.9922 0.~~97729805~~864031 1019,~~453~~968,~~675~~258.0895

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ I-A-1 242,566,000.00 ~~996~~912.~~35472362~~425940 0.~~58658443~~019517 2124.~~97414217~~447866 0.~~00000000~~000000 I-A-2 108,548,000.00 ~~996~~912.~~35472362~~423120 0.~~58658446~~019517 2124.~~97414222~~447791 0.~~00000000~~000000 I-A-3 53,161,000.00 ~~996~~912.~~35472358~~423120 0.~~58658434~~019517 2124.~~97414213~~447791 0.~~00000000~~000000 I-X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-A-1 132,677,000.00 ~~990~~820.~~54353686~~575948 0.~~05590426~~042938 975.~~83209124~~896256 0.~~00000000~~000000 M-1 7,288,000.00 ~~998~~997.~~84242865~~977425 0.~~45653952~~028989 0.~~00000000~~000000 0.~~00000000~~000000 M-2 6,705,000.00 ~~998~~997.~~84242953~~977424 0.~~45653990~~028989 0.~~00000000~~000000 0.~~00000000~~000000 M-3 4,081,000.00 ~~998~~997.~~84242833~~977425 0.~~45654006~~028990 0.~~00000000~~000000 0.~~00000000~~000000 M-4 3,498,000.00 ~~998~~997.~~84242996~~977424 0.~~45654088~~028988 0.~~00000000~~000000 0.~~00000000~~000000 M-5 3,207,000.00 ~~998~~997.~~84242906~~977424 0.~~45653882~~028990 0.~~00000000~~000000 0.~~00000000~~000000 M-6 2,915,000.00 ~~998~~997.~~84242882~~977424 0.~~45653859~~028988 0.~~00000000~~000000 0.~~00000000~~000000 B-1 2,624,000.00 ~~998~~997.~~84242759~~977424 0.~~45653963~~028990 0.~~00000000~~000000 0.~~00000000~~000000 B-2 2,332,000.00 ~~998~~997.~~84242710~~977427 0.~~45653945~~028988 0.~~00000000~~000000 0.~~00000000~~000000 B-3 1,458,000.00 ~~998~~997.~~84242798~~977428 0.~~45653635~~028992 0.~~00000000~~000000 0.~~00000000~~000000 B-4 5,539,000.00 ~~998~~997.~~84242824~~977426 0.~~45653909~~028989 0.~~00000000~~000000 0.~~00000000~~000000 B-5 3,790,000.00 ~~998~~997.~~84243008~~977425 0.~~45654090~~028989 0.~~00000000~~000000 0.~~00000000~~000000 B-6 2,621,992.60 ~~998~~997.~~84242999~~977157 0.~~45653828~~028989 0.~~00000000~~000000 0.~~00000000~~000000 M-X 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-1 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-2 50.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-3 50.00 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 2224.~~56072661~~467384 ~~973~~887.~~79399702~~958556 0.~~97379400~~887959 2224.~~56072661~~467384 I-A-2 0.~~00000000~~000000 2224.~~56072659~~467308 ~~973~~887.~~79399703~~955812 0.~~97379400~~887956 2224.~~56072659~~467308 I-A-3 0.~~00000000~~000000 2224.~~56072666~~467308 ~~973~~887.~~79399710~~955812 0.~~97379400~~887956 2224.~~56072666~~467308 I-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 II-A-1 0.~~00000000~~000000 975.~~88799551~~939194 ~~980~~744.~~65554135~~636754 0.~~98065554~~744637 975.~~88799551~~939194 M-1 0.~~00000000~~000000 0.~~45653952~~028989 ~~998~~997.~~38588913~~948436 0.~~99838589~~997948 0.~~45653952~~028989 M-2 0.~~00000000~~000000 0.~~45653990~~028989 ~~998~~997.~~38588963~~948435 0.~~99838589~~997948 0.~~45653990~~028989 M-3 0.~~00000000~~000000 0.~~45654006~~028990 ~~998~~997.~~38588826~~948437 0.~~99838589~~997948 0.~~45654006~~028990 M-4 0.~~00000000~~000000 0.~~45654088~~028988 ~~998~~997.~~38588908~~948436 0.~~99838589~~997948 0.~~45654088~~028988 M-5 0.~~00000000~~000000 0.~~45653882~~028990 ~~998~~997.~~38589024~~948435 0.~~99838589~~997948 0.~~45653882~~028990 M-6 0.~~00000000~~000000 0.~~45653859~~028988 ~~998~~997.~~38589022~~948436 0.~~99838589~~997948 0.~~45653859~~028988 B-1 0.~~00000000~~000000 0.~~45653963~~028990 ~~998~~997.~~38588796~~948438 0.~~99838589~~997948 0.~~45653963~~028990 B-2 0.~~00000000~~000000 0.~~45653945~~028988 ~~998~~997.~~38588765~~948435 0.~~99838589~~997948 0.~~45653945~~028988 B-3 0.~~00000000~~000000 0.~~45653635~~028992 ~~998~~997.~~38589163~~948436 0.~~99838589~~997948 0.~~45653635~~028992 B-4 0.~~00000000~~000000 0.~~45653909~~028989 ~~998~~997.~~38588915~~948437 0.~~99838589~~997948 0.~~45653909~~028989 B-5 0.~~00000000~~000000 0.~~45654090~~028989 ~~998~~997.~~38588918~~948435 0.~~99838589~~997948 0.~~45654090~~028989 B-6 0.~~00000000~~000000 0.~~45653828~~028989 ~~998~~997.~~38562092~~948167 0.~~99838562~~997948 0.~~45653828~~028989 M-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-3 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 ~~242,566,000.00~~11/25/05 3- 12/26/05 32 4.~~73000~~46375% ~~241~~221,~~681~~323,~~779~~510.8958 ~~776~~878,~~268~~162.4551 0.00 ~~0.00~~ I-A-2 ~~108,548,000.00~~11/25/05 3- 12/26/05 32 4.~~76000~~49375% ~~108~~99,~~152~~041,~~312~~704.5486 ~~350~~395,~~173~~616.1559 0.00 ~~0.00~~ I-A-3 ~~53,161,000.00~~11/25/05 3- 12/26/05 32 4.~~85000~~58375% 5248,~~967~~505,~~213~~325.4650 ~~175~~197,~~601~~632.0325 0.00 ~~0.00~~ I-X ~~0.00~~11/01/05 0- 11/30/05 30 1.~~35384~~06859% ~~402~~368,~~801~~870,~~305~~540.9094 ~~118~~328,~~771~~477.3129 0.00 ~~0.00~~ II-A-1 ~~132,677,000.00~~11/01/05 4- 11/30/05 30 5.~~68420~~55894% ~~131~~108,~~422~~871,~~344~~555.8409 ~~513~~504,~~006~~342.8336 0.00 ~~0.00~~ M-1 ~~7,288,000.00~~11/25/05 3- 12/26/05 32 4.~~99000~~72375% 7,~~279~~273,~~563~~259.6247 2530,~~011~~539.3761 0.00 ~~0.00~~ M-2 ~~6,705,000.00~~11/25/05 - 12/26/05 32 4.~~04000~~77375% 6,~~697~~691,~~238~~438.4963 2328,~~298~~394.~~95 0.~~00 0.00 M-3 ~~4,081,000.00~~11/25/05 - 12/26/05 32 4.~~09000~~82375% 4,~~076~~072,~~275~~745.9587 1417,~~356~~463.4203 0.00 ~~0.00~~ M-4 ~~3,498,000.00~~11/25/05 - 12/26/05 32 4.~~21000~~94375% 3,~~493~~490,~~950~~925.8203 1215,~~666~~340.5468 0.00 ~~0.00~~ M-5 ~~3,207,000.00~~11/25/05 - 12/26/05 32 4.~~23000~~96375% 3,~~203~~200,~~287~~513.6760 1114,~~667~~121.9838 0.00 ~~0.00~~ M-6 ~~2,915,000.00~~11/25/05 4- 12/26/05 32 5.~~28000~~01375% 2,~~911~~909,~~625~~104.6819 1012,~~730~~964.9691 0.00 ~~0.00~~ B-1 ~~2,624,000.00~~11/25/05 4- 12/26/05 32 5.~~91000~~64375% 2,~~620~~618,~~962~~692.5376 1113,~~081~~137.5811 0.00 ~~0.00~~ B-2 ~~2,332,000.00~~11/25/05 - 12/26/05 32 5.~~01000~~74375% 2,~~329~~327,~~300~~283.5436 1011,~~048~~882.9907 0.00 ~~0.00~~ B-3 ~~1,458,000.00~~11/25/05 5- 12/26/05 32 6.~~61000~~34375% 1,~~456~~455,~~312~~051.2609 78,~~035~~204.2087 0.00 ~~0.00~~ B-4 ~~5,539,000.00~~11/25/05 5- 12/26/05 32 6.~~61000~~34375% 5,~~532~~527,~~588~~796.2196 2631,~~727~~170.0163 0.00 ~~0.00~~ B-5 ~~3,790,000.00~~11/25/05 5- 12/26/05 32 6.~~61000~~34375% 3,~~785~~782,~~612~~334.8144 1821,~~287~~328.6616 0.00 ~~0.00~~ B-6 ~~2,621,992.60~~11/25/05 5- 12/26/05 32 6.~~61000~~34375% 2,~~618~~616,~~957~~688.4672 1214,~~651~~755.7422 0.00 ~~0.00~~ M-X ~~0.00~~11/01/05 - 11/30/05 30 0.~~07033~~37450% 4645,~~005~~965,~~675~~834.3313 214,~~696~~345.1504 0.00 ~~0.00~~ R-1 ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R-2 ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ R-3 ~~50.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~583,011,142.60~~ 2,~~120~~537,~~081~~877.3271 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 0.00 ~~776~~878,~~268~~162.4551 0.00 ~~236~~215,~~209~~388,~~314~~555.6820 I-A-2 0.00 0.00 ~~350~~395,~~173~~616.1559 0.00 ~~105~~96,~~703~~385,~~390~~827.7951 I-A-3 0.00 0.00 ~~175~~197,~~601~~632.0325 0.00 5147,~~767~~204,~~862~~618.6894 I-X 0.00 0.00 ~~118~~328,~~771~~477.3129 0.00 ~~393~~358,~~680~~979,~~568~~001.1564 II-A-1 0.00 0201.0093 ~~513~~504,~~006~~140.8343 0.00 ~~130~~98,~~110~~796,~~435~~170.2665 M-1 0.00 03.0034 2530,~~011~~536.3727 0.00 7,~~276~~273,~~236~~048.3620 M-2 0.00 03.0007 2328,~~326~~390.0393 0.00 6,~~694~~691,~~177~~244.3926 M-3 0.00 01.0087 1617,~~043~~461.9416 0.00 4,~~074~~072,~~412~~627.8157 M-4 0.00 01.0060 1315,~~631~~339.7207 0.00 3,~~492~~490,~~353~~823.8463 M-5 0.00 01.0047 1114,~~597~~119.8191 0.00 3,~~201~~200,~~823~~420.5563 M-6 0.00 01.0034 1012,~~541~~963.8257 0.00 2,~~910~~909,~~294~~019.8769 B-1 0.00 01.0020 913,~~489~~135.4491 0.00 2,~~619~~618,~~764~~616.5770 B-2 0.00 01.0007 811,~~433~~881.4501 0.00 2,~~328~~327,~~235~~215.8975 B-3 0.00 0.0067 58,~~272~~204.7220 0.00 1,455,~~646~~008.6382 B-4 0.00 02.0054 2036,~~031~~156.2662 0.00 5,~~530~~527,~~059~~636.4439 B-5 0.00 01.0074 1320,~~706~~661.1748 0.00 3,~~783~~782,~~882~~224.5257 B-6 0.00 01.0020 912,~~482~~606.1884 0.00 2,~~617~~616,~~759~~612.71 M-X 0.00 0.00 0.00 0.00 45,~~984~~964,~~647~~498.5891 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 ~~176~~0.9700 0.00 0.00 Totals 0.00 0223.0004 2,~~100~~525,~~565~~486.6504 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 11/25/05 - 12/26/05 242,566,000.00 34.~~73000~~46375% ~~996~~912.~~35472362~~425940 3.~~20023602~~620303 0.~~00000000~~000000 ~~0.00000000~~ I-A-2 11/25/05 - 12/26/05 108,548,000.00 34.~~76000~~49375% ~~996~~912.~~35472362~~423120 3.~~22597514~~644623 0.~~00000000~~000000 ~~0.00000000~~ I-A-3 11/25/05 - 12/26/05 53,161,000.00 34.~~85000~~58375% ~~996~~912.~~35472358~~423120 3.~~30319275~~717617 0.~~00000000~~000000 ~~0.00000000~~ I-X 11/01/05 - 11/30/05 0.00 01.~~35384~~06859% ~~996~~912.~~35472364~~424812 0.~~29378841~~812510 0.~~00000000~~000000 ~~0.00000000~~ II-A-1 11/01/05 - 11/30/05 132,677,000.00 45.~~68420~~55894% ~~990~~820.~~54353686~~575948 3.~~86658449~~801279 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/25/05 - 12/26/05 7,288,000.00 34.~~99000~~72375% ~~998~~997.~~84242865~~977425 34.~~43185648~~190397 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/25/05 - 12/26/05 6,705,000.00 4.~~04000~~77375% ~~998~~997.~~84242953~~977424 34.~~47486204~~234750 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/25/05 - 12/26/05 4,081,000.00 4.~~09000~~82375% ~~998~~997.~~84242833~~977425 34.~~51786817~~279106 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/25/05 - 12/26/05 3,498,000.00 4.~~21000~~94375% ~~998~~997.~~84242996~~977424 34.~~62108062~~385557 0.~~00000000~~000000 ~~0.00000000~~ M-5 11/25/05 - 12/26/05 3,207,000.00 4.~~23000~~96375% ~~998~~997.~~84242906~~977424 34.~~63828500~~403299 0.~~00000000~~000000 ~~0.00000000~~ M-6 11/25/05 - 12/26/05 2,915,000.00 45.~~28000~~01375% ~~998~~997.~~84242882~~977424 34.~~68128988~~447654 0.~~00000000~~000000 ~~0.00000000~~ B-1 11/25/05 - 12/26/05 2,624,000.00 45.~~91000~~64375% ~~998~~997.~~84242759~~977424 45.~~22316311~~006521 0.~~00000000~~000000 ~~0.00000000~~ B-2 11/25/05 - 12/26/05 2,332,000.00 5.~~01000~~74375% ~~998~~997.~~84242710~~977427 45.~~30917238~~095227 0.~~00000000~~000000 ~~0.00000000~~ B-3 11/25/05 - 12/26/05 1,458,000.00 56.~~61000~~34375% ~~998~~997.~~84242798~~977428 45.~~82524005~~627483 0.~~00000000~~000000 ~~0.00000000~~ B-4 11/25/05 - 12/26/05 5,539,000.00 56.~~61000~~34375% ~~998~~997.~~84242824~~977426 45.~~82524102~~627483 0.~~00000000~~000000 ~~0.00000000~~ B-5 11/25/05 - 12/26/05 3,790,000.00 56.~~61000~~34375% ~~998~~997.~~84243008~~977425 45.~~82524011~~627483 0.~~00000000~~000000 ~~0.00000000~~ B-6 11/25/05 - 12/26/05 2,621,992.60 56.~~61000~~34375% ~~998~~997.~~84242999~~977157 45.~~82523864~~627483 0.~~00000000~~000000 ~~0.00000000~~ M-X 11/01/05 - 11/30/05 0.00 0.~~07033~~37450% ~~998~~997.~~84242647~~977423 0.~~05853689~~311449 0.~~00000000~~000000 ~~0.00000000~~ R-1 N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-2 N/A 50.00 0.00000% 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~0.00000000~~ R-3 N/A 50.00 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 I-A-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~20023602~~620303 0.~~00000000~~000000 ~~973~~887.~~79399702~~958556 I-A-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~22597514~~644623 0.~~00000000~~000000 ~~973~~887.~~79399703~~955812 I-A-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~30319275~~717617 0.~~00000000~~000000 ~~973~~887.~~79399710~~955812 I-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~29378841~~812510 0.~~00000000~~000000 ~~973~~887.~~79399703~~957459 II-A-1 0.~~00000000~~000000 0.~~00000000~~001522 3.~~86658449~~799758 0.~~00000000~~000000 ~~980~~744.~~65554135~~636754 M-1 0.~~00000000~~000000 0.~~00000000~~000458 34.~~43185648~~189938 0.~~00000000~~000000 ~~998~~997.~~38588913~~948436 M-2 0.~~00000000~~000000 0.~~00000000~~000458 34.~~47890082~~234292 0.~~00000000~~000000 ~~998~~997.~~38588963~~948435 M-3 0.~~00000000~~000000 0.~~00000000~~000458 34.~~93137466~~278647 0.~~00000000~~000000 ~~998~~997.~~38588826~~948437 M-4 0.~~00000000~~000000 0.~~00000000~~000457 34.~~89700400~~385097 0.~~00000000~~000000 ~~998~~997.~~38588908~~948436 M-5 0.~~00000000~~000000 0.~~00000000~~000458 34.~~61640474~~402841 0.~~00000000~~000000 ~~998~~997.~~38589024~~948435 M-6 0.~~00000000~~000000 0.~~00000000~~000460 34.~~61640480~~447194 0.~~00000000~~000000 ~~998~~997.~~38589022~~948436 B-1 0.~~00000000~~000000 0.~~00000000~~000457 35.~~61640244~~006063 0.~~00000000~~000000 ~~998~~997.~~38588796~~948438 B-2 0.~~00000000~~000000 0.~~00000000~~000459 35.~~61640223~~094773 0.~~00000000~~000000 ~~998~~997.~~38588765~~948435 B-3 0.~~00000000~~000000 0.~~00000000~~000460 35.~~61640604~~627023 0.~~00000000~~000000 ~~998~~997.~~38589163~~948436 B-4 0.~~00000000~~000000 0.~~00000000~~000459 36.~~61640368~~527644 0.~~00000000~~000000 ~~998~~997.~~38588915~~948437 B-5 0.~~00000000~~000000 0.~~00000000~~000459 35.~~61640369~~451578 0.~~00000000~~000000 ~~998~~997.~~38588918~~948435 B-6 0.~~00000000~~000000 0.~~00000000~~000458 34.~~61640227~~808114 0.~~00000000~~000000 ~~998~~997.~~38562092~~948167 M-X 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 ~~998~~997.~~38588695~~948433 R-1 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-2 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 R-3 0.~~00000000~~000000 0.~~00000000~~000000 ~~3539~~0.~~40000000~~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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1222,~~695~~631,~~280~~842.8312 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 7472,~~381~~457.8637 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Swap/Cap Payments 0.00 Total Deposits 1222,~~769~~704,~~662~~299.6949 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 3546,~~259~~895.6676 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 180~~163,~~162~~658.2974 Payment of Interest and Principal 1222,~~554~~493,~~240~~744.7499 Total Withdrawals (Pool Distribution Amount) 1222,~~769~~704,~~662~~299.6949 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 0223.0004

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~127~~118,~~721~~487.6520 Additional Servicing Fee 5245,~~440~~171.6454 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~180~~163,~~162~~658.2974 *Servicer Payees include: EMC MTG CORP; EVERHOME MORTGAGE COMPANY; HOMEBANC MORTGAGE CORPORATION; WACHOVIA MORTGAGE CORPORATION

~~LOAN~~Reserve ~~STATUS~~Accounts ~~STRATIFICATION/CREDIT~~Account ~~ENHANCEMENT~~Name ~~STATEMENT~~Beginning ~~DELINQUENT~~Current ~~BANKRUPTCY~~Withdrawals ~~FORECLOSURE~~Current ~~REO~~Deposits ~~Total~~Ending ~~No of Loans No of Loans No of Loans No of Loans No of Loans Principal~~ Balance ~~Principal~~ Balance ~~Principal~~Group ~~Balance~~I ~~Principal~~Supplemental ~~Balance Principal Balance~~ 0~~-29 Days 0 0 0 0 0~~.00 0.00 0.00 0.00 30Fund ~~Days~~Senior 64Shortfall 0 ~~0 0 64 22,601,187~~.~~10 0.~~00 0.00 0.00 ~~22,601,187.10 60 Days 1~~ 0 ~~0 0 1 262,500~~.00 ~~0.00~~Reserve ~~0.00~~Fund ~~0.00~~Subordinate ~~262,500.00~~Shortfall ~~90 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 0.00 ~~0.00~~Reserve 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 65 0 0 0 65 22,863,687.10 0.00 0.00 0.00 22,863,687.10 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 3.830042% 0.000000% 0.000000% 0.000000% 3.830042% 3.992976% 0.000000% 0.000000% 0.000000% 3.992976% 60 Days 0.059844% 0.000000% 0.000000% 0.000000% 0.059844% 0.046376% 0.000000% 0.000000% 0.000000% 0.046376% 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 3.889886% 0.000000% 0.000000% 0.000000% 3.889886% 4.039352% 0.000000% 0.000000% 0.000000% 4.039352%Fund

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Mixed ~~Group~~ARM 1Weighted NoAverage ofGross ~~Loans~~Coupon ~~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~~6.00 0.00 0.00 0.00 30 Days 61 0 0 0 61 21,700,549.64 0.00 0.00 0.00 21,700,549.64 60 Days 1 0 0 0 1 262,500.00 0.00 0.00 0.00 262,500.00 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 62 0 0 0 62 21,963,049.64 0.00 0.00 0.00 21,963,049.64 0-29 Days 0.000000162292% ~~0.000000%~~Weighted ~~0.000000%~~Average ~~0.000000%~~Net ~~0.000000%~~Coupon ~~0.000000% 0.000000% 0.000000% 30 Days 4.501845% 0.000000% 0.000000% 0.000000% 4.501845%~~ 5.~~087662~~890796% ~~0.000000%~~Weighted ~~0.000000%~~Average ~~0.000000%~~Pass-Through ~~5.087662%~~Rate 60 Days 0.073801% 0.000000% 0.000000% 0.000000% 0.073801% 0.061543% 0.000000% 0.000000% 0.000000% 0.061543% 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 4.575646% 0.000000% 0.000000% 0.000000% 4.575646% 5.~~149205~~787292% ~~0.000000%~~Weighted ~~0.000000%~~Average ~~0.000000%~~Remaining ~~5.149205%~~Term ~~DELINQUENT~~354 ~~BANKRUPTCY~~Beginning ~~FORECLOSURE~~Scheduled ~~REO~~Collateral ~~Total~~Loan ~~Group~~Count 21,573 NoNumber ofOf Loans NoPaid ofIn ~~Loans~~Full No51 ofEnding ~~Loans~~Scheduled NoCollateral ofLoan ~~Loans~~Count No1,522 ofBeginning ~~Loans~~Scheduled ~~Principal~~Collateral Balance ~~Principal~~523,707,930.16 ~~Balance~~Ending ~~Principal~~Scheduled ~~Balance~~Collateral ~~Principal~~ Balance ~~Principal~~503,739,671.20 ~~Balance~~Ending ~~0-29~~Actual ~~Days~~Collateral 0Balance 0at ~~0 0 0.00 0.00 0.00 0.00~~ 30-Nov-2005 ~~Days 3 0 0 0 3 900~~503,~~637~~624,598.4674 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~900~~1,~~637~~984,716.4645 60Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~Amount 0.00 90Cumulative ~~Days~~Realized 0Loss 0 ~~0 0 0 0~~.00 ~~0.00~~Scheduled ~~0.00~~Principal ~~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 3 0 0 0 3 900~~14,~~637~~922.4648 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 900~~20,~~637~~672,910.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.949367% 0.000000% 0.000000% 0.000000% 0.949367% 0.645661% 0.000000% 0.000000% 0.000000% 0.645661% 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 0.949367% 0.000000% 0.000000% 0.000000% 0.949367% 0.645661% 0.000000% 0.000000% 0.000000% 0.645661%31

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group AGroup ~~Insufficient~~1 ~~Funds~~Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.230351 5.933944 6.162292 Weighted Average Net Rate 5.904770 5.843913 5.890796 Weighted Average Remaining Term 354 352 354 Beginning Loan Count 1,293 280 1,573 Loans Paid In Full 32 19 51 Ending Loan Count 1,261 261 1,522 Beginning Scheduled Balance 403,458,793.01 120,249,137.15 523,707,930.16 Ending Scheduled Balance 393,566,513.85 110,173,157.35 503,739,671.20 Record Date 11/30/2005 11/30/2005 11/30/2005 Principal And Interest Constant 1,383,797.85 600,918.60 1,984,716.45 Scheduled Principal 8,630.21 6,292.27 14,922.48 Unscheduled Principal 10,603,222.78 10,069,687.53 20,672,910.31 Scheduled Interest 2,094,741.47 594,626.33 2,689,367.80 Servicing Fee 109,465.48 9,021.72 118,487.20 Master Servicing Fee 0.00 ~~Principal~~0.00 ~~Balance~~0.00 ofTrustee ~~Contaminated~~Fee ~~Properties~~0.00 0.00 ~~Periodic~~0.00 ~~Advance~~FRY 74Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 16,~~381~~615.8640 28,556.14 45,171.54 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,968,660.59 557,048.47 2,525,709.06 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.855351 5.558944 5.787292

~~Summary~~Additional 12Reporting ~~Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep~~-04 ~~0.000%~~Group ~~Original~~Level ~~Principal~~Miscellaneous ~~Balance~~Reporting 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 12Average ~~Month~~Loss ~~REO~~Serverity ~~History* New REO Loans Month REO~~ Percentage ~~Loans in REO~~ 0 ~~Sep-04 0~~.~~000~~000000% ~~Original~~Senior ~~Principal~~Percentage ~~Balance 0~~91.~~00 Oct-04 0.000~~4271% ~~Current~~Senior ~~Principal~~Prepayment ~~Balance~~Percentage ~~0.00 Nov-04 0.000~~100% ~~Dec-04~~Subordinate ~~0.000%~~Percentage ~~Current REO Total Jan-05 0~~8.~~000~~5729% ~~Loans~~Subordinate inPrepayment ~~REO~~Percentage 0 ~~Feb-05 0~~.~~000~~000000% 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 12Average ~~Month~~Loss ~~REO~~Serverity ~~History* New REO Loans Month REO~~ Percentage ~~Loans in REO~~ 0 ~~Sep-04 0~~.~~000~~000000% ~~Original~~Senior ~~Principal~~Percentage ~~Balance 0~~90.~~00 Oct-04 0.000~~5383% ~~Current~~Senior ~~Principal~~Prepayment ~~Balance~~Percentage ~~0.00 Nov-04 0.000~~100% ~~Dec-04~~Subordinate ~~0.000%~~Percentage ~~Current REO Total Jan-05 0~~9.~~000~~4617% ~~Loans~~Subordinate inPrepayment ~~REO~~Percentage 0 ~~Feb-05 0~~.~~000~~000000% 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.

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. Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Sep~~Jan-0405 0.000% Original Principal Balance 0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance 0.00 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 0 ~~Feb~~Jun-05 0.000% Original Principal Balance 0.00 ~~Mar~~Jul-05 0.000% Current Principal Balance 0.00 ~~Apr~~Aug-05 0.000% ~~May~~Sep-05 0.000% ~~Jun~~Oct-05 0.000% ~~Jul~~Nov-05 0.000% ~~Aug~~Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~Bankruptcy ~~Mixed~~History* ~~ARM~~New ~~Weighted~~Bankruptcy ~~Average~~Loans ~~Gross~~Month ~~Coupon~~Bankruptcy 4Percentage Loans in Bankruptcy 1 Jan-05 0.~~716877~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~144,000.00 4Feb-05 0.~~452730~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 145,087.06 Mar-~~Through~~05 ~~Rate~~0.000% 4Apr-05 0.~~344275~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~356~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~2 ~~Count~~Jun-05 10.000% Original Principal Balance 290,~~542~~880.00 ~~Number~~Jul-05 Of0.000% ~~Loans~~Current ~~Paid~~Principal InBalance ~~Full~~290,844.28 ~~(129)~~Aug-05 ~~Ending~~0.000% ~~Scheduled~~Sep-05 ~~Collateral~~0.026% ~~Loan~~Oct-05 ~~Count~~0.027% Nov-05 0.028% Dec-05 0.058% *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~~,671~~ ~~Beginning~~12 ~~Scheduled~~Month ~~Collateral~~Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 1 Jan-05 0.000% Original Principal Balance ~~580~~144,~~229,326~~000.2100 ~~Ending~~Feb-05 ~~Scheduled~~0.000% ~~Collateral~~Current Principal Balance ~~569~~145,~~776,350~~087.3806 ~~Ending~~Mar-05 ~~Actual~~0.000% ~~Collateral~~Apr-05 ~~Balance~~0.000% atCurrent 29Bankruptcy Total May-~~Jul~~05 0.000% Loans in Bankruptcy 1 Jun-~~2005~~05 ~~566,023,661~~0.80000% ~~Monthly~~Original ~~P&I~~Principal ~~Constant~~Balance 2144,~~122,512~~000.00 ~~Special~~Jul-05 ~~Servicing~~0.000% ~~Fee~~Current Principal Balance 145,087.06 Aug-05 0.00000% ~~Prepayment~~Sep-05 ~~Penalties~~0.000% Oct-05 0.00000% ~~Realized~~Nov-05 ~~Loss~~0.000% ~~Amount~~Dec-05 0.00037% ~~Cumulative~~*The ~~Realized~~text ~~Loss~~reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Ending~~Feb-05 ~~Scheduled~~0.000% Current Principal Balance ~~for~~0.00 ~~Premium~~Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans ~~569,776,350~~in Bankruptcy 1 Jun-05 0.38000% ~~Scheduled~~Original Principal ~~265~~Balance 146,~~586~~880.3900 ~~Unscheduled~~Jul-05 0.000% Current Principal 10Balance 145,~~188,088~~757.7022 Aug-05 0.000% Sep-05 0.108% Oct-05 0.111% Nov-05 0.121% Dec-05 0.132% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage ~~Group~~Loans 1in ~~Group~~Bankruptcy 2during ~~Total~~Current ~~Collateral~~Period ~~Description~~Group ~~Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.606839 5.053939 4.716877 Weighted Average Net Rate 4.284842 4.966995 4.452730 Weighted Average Maturity 357 354 356 Beginning~~ Loan ~~Count~~Month ~~1,259 283 1,542 Loans Paid In Full (96) (33) (129) Ending~~ Loan ~~Count~~First ~~1,355~~State ~~316~~LTV ~~1,671~~at ~~Beginning~~Original ~~Scheduled~~Number ~~Balance~~Entered ~~437,426,774.05~~Payment ~~142,802,552.16~~Origination ~~580,229,326.21~~Principal ~~Ending~~Bankruptcy ~~Scheduled~~Date Balance ~~428,286,350.37~~Group ~~141,490,000.01~~1 ~~569,776,350.38~~2103103889 ~~Record Date 07/29/~~Dec-2005 ~~07/29/~~01-Jul-2005 ~~07/29/2005~~GA ~~Principal And Interest Constant 1,520,838~~80.~~66 601,673.34 2,122,512.~~00 ~~Scheduled Principal 257~~144,~~526~~000.90 8,059.49 265,586.39 Unscheduled Principal 8,883,596.33 1,304,492.37 10,188,088.70 Scheduled Interest 1,679,298.39 601,429.54 2,280,727.93 Servicing Fees 117,375.11 10,346.54 127,721.65 Master Servicing Fees 0.00 ~~0.00~~Group ~~0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 18,787.07 33,653.57 52,440.64 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread~~ 2 ~~0.00~~0069946754 ~~0.00~~Sep-2005 ~~0.00~~01-Jan-2005 ~~Spread~~MN ~~3 0~~80.00 ~~0.00 0.00 Net Interest 1~~146,~~543,136~~880.~~21 557,429.43 2,100,565.64 Realized Loss Amount 0.~~00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.233304 4.684197 4.344275

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail ~~Group~~- ~~Group~~All 1Mortgage ~~Average~~Loans ~~Loss~~in ~~Serverity~~Bankruptcy ~~Percentage~~during ~~0.000000%~~Current ~~Senior~~Period ~~Percentage~~(continued) ~~92.08410%~~Group ~~Senior~~Loan ~~Prepayment~~Current ~~Percentage~~Paid ~~100.0000%~~To ~~Subordinate~~Months ~~Percentage~~Current ~~7.915900%~~Approximate ~~Subordinate~~Number ~~Prepayment~~Principal ~~Percentage~~Date ~~0.000000%~~Delinquent ~~Group~~Loan ~~Group~~Rate 2Delinquent ~~Average~~Balance ~~Loss~~Interest ~~Serverity~~Group ~~Percentage~~1 02103103889 145,087.~~000000%~~06 ~~Senior~~01-Jan-2006 ~~Percentage~~(2) 926.~~03080~~250% ~~Senior~~0.00 ~~Prepayment~~Group ~~Percentage~~2 ~~100~~0069946754 145,757.~~0000%~~22 ~~Subordinate~~01-Nov-2005 ~~Percentage~~0 75.~~969200~~000% ~~Subordinate Prepayment Percentage 0~~1,124.~~000000%~~71

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Group 1 28 8,771,950.00 8,754,771.74 0 0.00 0.00 Group 2 3 1,288,600.00 1,288,560.41 0 0.00 0.00 Total 31 10,060,550.00 10,043,332.15 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Group 1 0 0.00 0.00 0 0.00 0.00 538,099.18 Group 2 0 0.00 0.00 0 0.00 0.00 15,931.96 Total 0 0.00 0.00 0 0.00 0.00 554,031.14

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 0000309351 CA 49.29 01-Jan-2005 345,000.00 345,000.00 Group 1 0000310912 CA 80.00 01-Jan-2005 388,000.00 388,000.00 Group 1 0000312439 CA 62.50 01-Jan-2005 500,000.00 495,000.00 Group 1 0000318352 CA 78.87 01-Feb-2005 337,600.00 337,600.00 Group 1 0000319483 CA 68.95 01-Jan-2005 596,500.00 596,500.00 Group 1 0000325779 CA 76.19 01-Feb-2005 800,000.00 800,000.00 Group 1 0003025145 WA 80.00 01-May-2005 368,000.00 368,511.57 Group 1 0003026145 CA 74.88 01-May-2005 528,000.00 528,513.07 Group 1 0003026532 MD 75.00 01-Jun-2005 180,000.00 179,985.30 Group 1 0022000007 CA 25.53 01-May-2005 263,000.00 260,489.89 Group 1 0051119533 VA 80.00 01-Jun-2005 215,200.00 215,132.88 Group 1 0051119646 VA 80.00 01-Jun-2005 296,000.00 295,907.67 Group 1 0051119667 VA 50.00 01-Jun-2005 320,000.00 319,900.19 Group 1 0051119683 CA 80.00 01-Jun-2005 388,000.00 387,757.98 Group 1 0051120496 VA 80.00 01-Jul-2005 340,000.00 339,304.28 Group 1 0052074333 NC 73.55 01-Feb-2005 320,000.00 318,733.55 Group 1 0052926284 IL 78.94 01-Jun-2005 180,000.00 178,712.04 Group 1 0053036281 AZ 80.00 01-Jun-2005 88,000.00 87,642.50 Group 1 0053080347 NJ 62.25 01-Jun-2005 164,900.00 164,113.73 Group 1 0053132577 NJ 80.00 01-Jun-2005 380,000.00 378,188.10 Group 1 0053198974 CA 79.95 01-Jun-2005 193,500.00 192,576.74 Group 1 0053202859 CA 66.08 01-May-2005 247,500.00 246,256.08 Group 1 0053257812 MA 72.73 01-Jun-2005 400,000.00 398,625.44 Group 1 2101111360 GA 83.68 01-Jun-2005 159,000.00 158,783.81 Group 1 2101111717 CO 75.00 01-Jul-2005 138,750.00 138,968.57 Group 1 2103104094 OH 80.00 01-Jul-2005 312,000.00 311,744.40 Group 1 2115118316 OH 80.00 01-Jul-2005 228,000.00 228,359.16 Group 1 2115119969 IL 76.66 01-Jul-2005 95,000.00 95,149.65 Group 2 0000316349 CA 70.00 01-Jan-2005 791,000.00 790,960.41 Group 2 0016011540 CO 80.00 01-Jun-2005 373,600.00 373,600.00 Group 2 2000036484 AL 80.00 01-Mar-2005 124,000.00 124,000.00

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0000309351 Loan Paid in Full 0 5.500% 360 7 Group 1 0000310912 Loan Paid in Full 0 5.625% 360 7 Group 1 0000312439 Loan Paid in Full 0 5.375% 360 7 Group 1 0000318352 Loan Paid in Full 0 4.250% 360 6 Group 1 0000319483 Loan Paid in Full 0 5.250% 360 7 Group 1 0000325779 Loan Paid in Full 0 4.500% 360 6 Group 1 0003025145 Loan Paid in Full 0 5.375% 360 3 Group 1 0003026145 Loan Paid in Full 0 5.250% 360 3 Group 1 0003026532 Loan Paid in Full 0 5.250% 360 2 Group 1 0022000007 Loan Paid in Full (1) 1.000% 360 3 Group 1 0051119533 Loan Paid in Full 0 6.500% 360 2 Group 1 0051119646 Loan Paid in Full 0 6.500% 360 2 Group 1 0051119667 Loan Paid in Full 0 6.500% 360 2 Group 1 0051119683 Loan Paid in Full 0 6.125% 360 2 Group 1 0051120496 Loan Paid in Full 0 1.950% 360 1 Group 1 0052074333 Loan Paid in Full (1) 6.008% 360 6 Group 1 0052926284 Loan Paid in Full (1) 1.000% 360 2 Group 1 0053036281 Loan Paid in Full 0 2.000% 360 2 Group 1 0053080347 Loan Paid in Full 0 1.000% 360 2 Group 1 0053132577 Loan Paid in Full 0 1.000% 360 2 Group 1 0053198974 Loan Paid in Full 0 1.000% 360 2 Group 1 0053202859 Loan Paid in Full (1) 5.758% 360 3 Group 1 0053257812 Loan Paid in Full 0 3.000% 360 2 Group 1 2101111360 Loan Paid in Full 0 5.250% 360 2 Group 1 2101111717 Loan Paid in Full 0 5.750% 360 1 Group 1 2103104094 Loan Paid in Full (1) 5.750% 360 1 Group 1 2115118316 Loan Paid in Full 0 5.750% 360 1 Group 1 2115119969 Loan Paid in Full 0 5.750% 360 1 Group 2 0000316349 Loan Paid in Full 0 5.625% 360 7 Group 2 0016011540 Loan Paid in Full 0 5.750% 360 2 Group 2 2000036484 Loan Paid in Full 0 7.250% 360 5

Summary SMM CPR PSA Current Month 1.838% Current Month 19.956% Current Month 4,153.093% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 5.328% N/A Jul-2005 1,708.307% N/A Aug-2005 19.956% N/A Aug-2005 4,153.093% 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 2.132% Current Month 22.789% Current Month 5,793.824% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 3.224% N/A Jul-2005 1,456.733% N/A Aug-2005 22.789% N/A Aug-2005 5,793.824% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 SMM CPR PSA Current Month 0.927% Current Month 10.569% Current Month 1,414.701% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 11.812% N/A Jul-2005 1,951.294% N/A Aug-2005 10.569% N/A Aug-2005 1,414.701% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Nov~~Mar-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Dec~~Apr-~~2004~~2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Jan~~May-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Feb~~Jun-2005 N/A N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Mar~~Jul-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~Apr~~Aug-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~May~~Sep-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jun~~Oct-2005 ~~N/A~~0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 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 · Structured Asset Mortgage Investments II Trust 2005-AR3