8-K 1 rma05002_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 RENAISSANCE HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Notes, Series 2005-2 (Exact name of registrant as specified in its charter) New York (governing law of 333-118739-02 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On December 27, 2005 a distribution was made to holders of RENAISSANCE HOME EQUITY LOAN TRUST, Home Equity Loan Asset-Backed Notes, Series 2005-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Notes, Series 2005-2 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. RENAISSANCE HOME EQUITY LOAN TRUST Home Equity Loan Asset-Backed Notes, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer 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 Home Equity Loan Asset-Backed Notes, Series 2005-2 Trust, relating to the December 27, 2005 distribution. EX-99.1 Renaissance Home Equity Loan Trust Home Equity Loan Asset-Backed Notes Record Date: 11/30/2005 Distribution Date: 12/27/2005 Renaissance Home Equity Loan Trust Home Equity Loan Asset-Backed Notes Series 2005-2 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

Renaissance Mortgage Acceptance Corp. Home Equity Loan Asset-Backed Notes Record Date: 7/29/2005 Distribution Date: 8/25/2005 Renaissance Mortgage Acceptance Corp. Home Equity Loan Asset-Backed Notes Series Renaissance Home Equity Loan Trust 2005-2 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~~ AV-1 75970NAE7 ~~SEN 3~~4.~~55000~~28375% 9077,~~685~~200,~~473~~613.3265 ~~277~~293,~~220~~962.4578 AV-2 75970NAF4 ~~SEN 3~~4.~~71000~~44375% 34,820,000.00 ~~111~~137,~~240~~539.2300 AV-3 75970NAG2 ~~SEN 3~~4.~~83000~~56375% 48,353,000.00 ~~159~~196,~~470~~152.8800 AF-1 75970NAH0 ~~SEN 3~~4.~~57000~~30375% ~~165~~141,~~536~~412,~~626~~512.1732 ~~508~~540,~~887~~981.1842 AF-2 75970NAJ6 ~~SEN~~ 4.36100% 88,399,000.00 321,256.70 AF-3 75970NAK3 ~~SEN~~ 4.49900% 64,559,000.00 242,042.45 AF-4 75970NAL1 ~~SEN~~ 4.93400% 34,104,000.00 140,224.28 AF-5 75970NAM9 ~~SEN~~ 5.20100% 23,487,000.00 101,796.57 AF-6 75970NAN7 ~~SEN~~ 4.78100% 57,510,000.00 229,129.42 M-1 75970NAP2 ~~MEZ~~ 5.05100% 25,125,000.00 105,755.31 M-2 75970NAQ0 ~~MEZ~~ 5.10100% 22,125,000.00 94,049.69 M-3 75970NAR8 ~~MEZ~~ 5.19900% 13,500,000.00 58,488.75 M-4 75970NAS6 ~~MEZ~~ 5.34800% 13,500,000.00 60,165.00 M-5 75970NAT4 ~~MEZ~~ 5.44800% 10,875,000.00 49,372.50 M-6 75970NAU1 ~~MEZ~~ 5.54700% 9,750,000.00 45,069.3738 M-7 75970NAV9 ~~MEZ~~ 5.74600% 9,000,000.00 43,095.00 M-8 75970NAW7 ~~MEZ~~ 5.89500% 7,500,000.00 36,843.75 M-9 75970NAX5 ~~MEZ~~ 6.63900% 7,500,000.00 41,493.75 N 759950FT0 ~~RES~~ 5.19300% 3023,~~874~~567,~~682~~742.9152 ~~133~~101,~~610~~989.1941 Totals ~~757~~712,~~203~~287,~~782~~868.4049 2,~~759~~839,~~211~~407.4716

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses AV-1 ~~747~~5,~~646~~367,318.6303 0.00 8971,~~937~~833,~~826~~295.6962 15,~~024~~661,~~867~~280.0881 0.00 AV-2 0.00 0.00 34,820,000.00 ~~111~~137,~~240~~539.2300 0.00 AV-3 0.00 0.00 48,353,000.00 ~~159~~196,~~470~~152.8800 0.00 AF-1 27,~~223~~965,~~928~~487.9634 0.00 ~~163~~133,~~312~~447,~~697~~024.2198 28,~~732~~506,~~816~~468.1476 0.00 AF-2 0.00 0.00 88,399,000.00 321,256.70 0.00 AF-3 0.00 0.00 64,559,000.00 242,042.45 0.00 AF-4 0.00 0.00 34,104,000.00 140,224.28 0.00 AF-5 0.00 0.00 23,487,000.00 101,796.57 0.00 AF-6 0.00 0.00 57,510,000.00 229,129.42 0.00 M-1 0.00 0.00 25,125,000.00 105,755.31 0.00 M-2 0.00 0.00 22,125,000.00 94,049.69 0.00 M-3 0.00 0.00 13,500,000.00 58,488.75 0.00 M-4 0.00 0.00 13,500,000.00 60,165.00 0.00 M-5 0.00 0.00 10,875,000.00 49,372.50 0.00 M-6 0.00 0.00 9,750,000.00 45,069.3738 0.00 M-7 0.00 0.00 9,000,000.00 43,095.00 0.00 M-8 0.00 0.00 7,500,000.00 36,843.75 0.00 M-9 0.00 0.00 7,500,000.00 41,493.75 0.00 N 1,~~780~~850,~~287~~298.0457 0.00 2921,~~094~~717,~~395~~443.8895 1,~~913~~952,~~897~~287.2398 0.00 Totals 415,~~751~~183,~~862~~103.6394 0.00 ~~752~~697,~~451~~104,~~919~~764.7855 718,~~511~~022,~~074~~511.10 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)~~ AV-1 91,827,000.00 9077,~~685~~200,~~473~~613.3265 0.00 ~~747~~5,~~646~~367,318.6303 0.00 0.00 AV-2 34,820,000.00 34,820,000.00 0.00 0.00 0.00 0.00 AV-3 48,353,000.00 48,353,000.00 0.00 0.00 0.00 0.00 AF-1 167,066,000.00 ~~165~~141,~~536~~412,~~626~~512.1732 0.00 27,~~223~~965,~~928~~487.9634 0.00 0.00 AF-2 88,399,000.00 88,399,000.00 0.00 0.00 0.00 0.00 AF-3 64,559,000.00 64,559,000.00 0.00 0.00 0.00 0.00 AF-4 34,104,000.00 34,104,000.00 0.00 0.00 0.00 0.00 AF-5 23,487,000.00 23,487,000.00 0.00 0.00 0.00 0.00 AF-6 57,510,000.00 57,510,000.00 0.00 0.00 0.00 0.00 M-1 25,125,000.00 25,125,000.00 0.00 0.00 0.00 0.00 M-2 22,125,000.00 22,125,000.00 0.00 0.00 0.00 0.00 M-3 13,500,000.00 13,500,000.00 0.00 0.00 0.00 0.00 M-4 13,500,000.00 13,500,000.00 0.00 0.00 0.00 0.00 M-5 10,875,000.00 10,875,000.00 0.00 0.00 0.00 0.00 M-6 9,750,000.00 9,750,000.00 0.00 0.00 0.00 0.00 M-7 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 M-8 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 M-9 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 N 32,265,000.00 3023,~~874~~567,~~682~~742.9152 0.00 1,~~780~~850,~~287~~298.0457 0.00 0.00 Totals 761,265,000.00 ~~757~~712,~~203~~287,~~782~~868.4049 0.00 415,~~751~~183,~~862~~103.6394 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 AV-1 ~~747~~5,~~646~~367,318.6303 8971,~~937~~833,~~826~~295.6962 0.~~97942682~~782268 ~~747~~5,~~646~~367,318.6303 AV-2 0.00 34,820,000.00 1.~~00000000~~000000 0.00 AV-3 0.00 48,353,000.00 1.~~00000000~~000000 0.00 AF-1 27,~~223~~965,~~928~~487.9634 ~~163~~133,~~312~~447,~~697~~024.2198 0.~~97753401~~798768 27,~~223~~965,~~928~~487.9634 AF-2 0.00 88,399,000.00 1.~~00000000~~000000 0.00 AF-3 0.00 64,559,000.00 1.~~00000000~~000000 0.00 AF-4 0.00 34,104,000.00 1.~~00000000~~000000 0.00 AF-5 0.00 23,487,000.00 1.~~00000000~~000000 0.00 AF-6 0.00 57,510,000.00 1.~~00000000~~000000 0.00 M-1 0.00 25,125,000.00 1.~~00000000~~000000 0.00 M-2 0.00 22,125,000.00 1.~~00000000~~000000 0.00 M-3 0.00 13,500,000.00 1.~~00000000~~000000 0.00 M-4 0.00 13,500,000.00 1.~~00000000~~000000 0.00 M-5 0.00 10,875,000.00 1.~~00000000~~000000 0.00 M-6 0.00 9,750,000.00 1.~~00000000~~000000 0.00 M-7 0.00 9,000,000.00 1.~~00000000~~000000 0.00 M-8 0.00 7,500,000.00 1.~~00000000~~000000 0.00 M-9 0.00 7,500,000.00 1.~~00000000~~000000 0.00 N 1,~~780~~850,~~287~~298.0457 2921,~~094~~717,~~395~~443.8895 0.~~90173240~~673096 1,~~780~~850,~~287~~298.0457 Totals 415,~~751~~183,~~862~~103.6394 ~~752~~697,~~451~~104,~~919~~764.7855 0.~~98842311~~915719 415,~~751~~183,~~862~~103.6394

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ AV-1 91,827,000.00 ~~987~~840.~~56872510~~718020 0.~~00000000~~000000 858.~~14190412~~450325 0.~~00000000~~000000 AV-2 34,820,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AV-3 48,353,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AF-1 167,066,000.00 ~~990~~846.~~84569074~~446987 0.~~00000000~~000000 1347.~~31167898~~678686 0.~~00000000~~000000 AF-2 88,399,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AF-3 64,559,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AF-4 34,104,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AF-5 23,487,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 AF-6 57,510,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-1 25,125,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-2 22,125,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-3 13,500,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-4 13,500,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-5 10,875,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-6 9,750,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-7 9,000,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-8 7,500,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 M-9 7,500,000.00 1000.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 N 32,265,000.00 ~~956~~730.~~90943468~~442973 0.~~00000000~~000000 5557.~~17703518~~346926 0.~~00000000 (2) All classes per $1,000 denomination.~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution AV-1 0.~~00000000~~000000 858.~~14190412~~450325 ~~979~~782.~~42682098~~267695 0.~~97942682~~782268 858.~~14190412~~450325 AV-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 AV-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 AF-1 0.~~00000000~~000000 1347.~~31167898~~678686 ~~977~~798.~~53401177~~768301 0.~~97753401~~798768 1347.~~31167898~~678686 AF-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 AF-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 AF-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 AF-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 AF-6 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-6 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-7 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-8 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 M-9 0.~~00000000~~000000 0.~~00000000~~000000 1,000.~~00000000~~000000 1.~~00000000~~000000 0.~~00000000~~000000 N 0.~~00000000~~000000 5557.~~17703518~~346926 ~~901~~673.~~73239981~~096047 0.~~90173240~~673096 5557.~~17703518~~346926 ~~(3)~~All ~~Amount~~classes ~~Does~~per ~~Not Include Excess Special Hazard~~$1,000 ~~Bankruptcy, or Fraud Losses Unless Otherwise Disclosed~~denomination. ~~Please Refer to the Prospectus Supplement for a Full Description.~~

Interest Distribution Statement ~~Beginning~~Class ~~Payment~~Accrual ofAccrual ~~Original~~ Current ~~Certificate/~~Beginning Current ~~Unpaid~~Payment ~~Current~~of ~~Face~~Dates Days Certificate ~~Notional~~Certificate/ Accrued ~~Interest~~Unpaid Interest ~~Class Amount~~ Rate Notional Balance Interest Shortfall ~~Shortfall~~ AV-1 ~~91,827,000.00~~11/25/05 3- 12/26/05 32 4.~~55000~~28375% 9077,~~685~~200,~~473~~613.3265 ~~277~~293,~~220~~962.4578 0.00 ~~0.00~~ AV-2 ~~34,820,000.00~~11/25/05 3- 12/26/05 32 4.~~71000~~44375% 34,820,000.00 ~~111~~137,~~240~~539.~~23 0.~~00 0.00 AV-3 ~~48,353,000.00~~11/25/05 3- 12/26/05 32 4.~~83000~~56375% 48,353,000.00 ~~159~~196,~~470~~152.~~88 0.~~00 0.00 AF-1 ~~167,066,000.00~~11/25/05 3- 12/26/05 32 4.~~57000~~30375% ~~165~~141,~~536~~412,~~626~~512.1732 ~~508~~540,~~887~~981.1842 0.00 ~~0.00~~ AF-2 ~~88,399,000.00~~11/01/05 - 11/30/05 30 4.36100% 88,399,000.00 321,256.70 0.00 ~~0.00~~ AF-3 ~~64,559,000.00~~11/01/05 - 11/30/05 30 4.49900% 64,559,000.00 242,042.45 0.00 ~~0.00~~ AF-4 ~~34,104,000.00~~11/01/05 - 11/30/05 30 4.93400% 34,104,000.00 140,224.28 0.00 ~~0.00~~ AF-5 ~~23,487,000.00~~11/01/05 - 11/30/05 30 5.20100% 23,487,000.00 101,796.57 0.00 ~~0.00~~ AF-6 ~~57,510,000.00~~11/01/05 - 11/30/05 30 4.78100% 57,510,000.00 229,129.4342 0.00 ~~0.00~~ M-1 ~~25,125,000.00~~11/01/05 - 11/30/05 30 5.05100% 25,125,000.00 105,755.31 0.00 ~~0.00~~ M-2 ~~22,125,000.00~~11/01/05 - 11/30/05 30 5.10100% 22,125,000.00 94,049.69 0.00 ~~0.00~~ M-3 ~~13,500,000.00~~11/01/05 - 11/30/05 30 5.19900% 13,500,000.00 58,488.75 0.00 ~~0.00~~ M-4 ~~13,500,000.00~~11/01/05 - 11/30/05 30 5.34800% 13,500,000.00 60,165.00 0.00 ~~0.00~~ M-5 ~~10,875,000.00~~11/01/05 - 11/30/05 30 5.44800% 10,875,000.00 49,372.50 0.00 ~~0.00~~ M-6 ~~9,750,000.00~~11/01/05 - 11/30/05 30 5.54700% 9,750,000.00 45,069.38 0.00 ~~0.00~~ M-7 ~~9,000,000.00~~11/01/05 - 11/30/05 30 5.74600% 9,000,000.00 43,095.00 0.00 ~~0.00~~ M-8 ~~7,500,000.00~~11/01/05 - 11/30/05 30 5.89500% 7,500,000.00 36,843.75 0.00 ~~0.00~~ M-9 ~~7,500,000.00~~11/01/05 - 11/30/05 30 6.63900% 7,500,000.00 41,493.75 0.00 ~~0.00~~ N ~~32,265,000.00~~11/25/05 - 12/24/05 30 5.19300% 3023,~~874~~567,~~682~~742.9152 ~~133~~101,~~610~~989.1941 0.00 ~~0.00~~ Totals ~~761,265,000.00~~ 2,~~759~~839,~~211~~407.4916 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 AV-1 0.00 0.00 ~~277~~293,~~220~~962.4578 0.00 8971,~~937~~833,~~826~~295.6962 AV-2 0.00 0.00 ~~111~~137,~~240~~539.2300 0.00 34,820,000.00 AV-3 0.00 0.00 ~~159~~196,~~470~~152.8800 0.00 48,353,000.00 AF-1 0.00 0.00 ~~508~~540,~~887~~981.1842 0.00 ~~163~~133,~~312~~447,~~697~~024.2198 AF-2 0.00 0.00 321,256.70 0.00 88,399,000.00 AF-3 0.00 0.00 242,042.45 0.00 64,559,000.00 AF-4 0.00 0.00 140,224.28 0.00 34,104,000.00 AF-5 0.00 0.00 101,796.57 0.00 23,487,000.00 AF-6 0.00 0.00 229,129.42 0.00 57,510,000.00 M-1 0.00 0.00 105,755.31 0.00 25,125,000.00 M-2 0.00 0.00 94,049.69 0.00 22,125,000.00 M-3 0.00 0.00 58,488.75 0.00 13,500,000.00 M-4 0.00 0.00 60,165.00 0.00 13,500,000.00 M-5 0.00 0.00 49,372.50 0.00 10,875,000.00 M-6 0.00 0.00 45,069.3738 0.00 9,750,000.00 M-7 0.00 0.00 43,095.00 0.00 9,000,000.00 M-8 0.00 0.00 36,843.75 0.00 7,500,000.00 M-9 0.00 0.00 41,493.75 0.00 7,500,000.00 N 0.00 0.00 ~~133~~101,~~610~~989.1941 0.00 2921,~~094~~717,~~395~~443.8895 Totals 0.00 0.00 2,~~759~~839,~~211~~407.4716 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~~ AV-1 11/25/05 - 12/26/05 91,827,000.00 34.~~55000~~28375% ~~987~~840.~~56872510~~718020 3.~~01894269~~201267 0.~~00000000~~000000 ~~0.00000000~~ AV-2 11/25/05 - 12/26/05 34,820,000.00 34.~~71000~~44375% 1000.~~00000000~~000000 3.~~19472229~~950000 0.~~00000000~~000000 ~~0.00000000~~ AV-3 11/25/05 - 12/26/05 48,353,000.00 34.~~83000~~56375% 1000.~~00000000~~000000 34.~~29805555~~056667 0.~~00000000~~000000 ~~0.00000000~~ AF-1 11/25/05 - 12/26/05 167,066,000.00 34.~~57000~~30375% ~~990~~846.~~84569074~~446987 3.~~04602480~~238130 0.~~00000000~~000000 ~~0.00000000~~ AF-2 11/01/05 - 11/30/05 88,399,000.00 4.36100% 1000.~~00000000~~000000 3.~~63416668~~634167 0.~~00000000~~000000 ~~0.00000000~~ AF-3 11/01/05 - 11/30/05 64,559,000.00 4.49900% 1000.~~00000000~~000000 3.~~74916665~~749167 0.~~00000000~~000000 ~~0.00000000~~ AF-4 11/01/05 - 11/30/05 34,104,000.00 4.93400% 1000.~~00000000~~000000 4.~~11166667~~111667 0.~~00000000~~000000 ~~0.00000000~~ AF-5 11/01/05 - 11/30/05 23,487,000.00 5.20100% 1000.~~00000000~~000000 4.~~33416656~~334167 0.~~00000000~~000000 ~~0.00000000~~ AF-6 11/01/05 - 11/30/05 57,510,000.00 4.78100% 1000.~~00000000~~000000 3.~~98416675~~984167 0.~~00000000~~000000 ~~0.00000000~~ M-1 11/01/05 - 11/30/05 25,125,000.00 5.05100% 1000.~~00000000~~000000 4.~~20916657~~209167 0.~~00000000~~000000 ~~0.00000000~~ M-2 11/01/05 - 11/30/05 22,125,000.00 5.10100% 1000.~~00000000~~000000 4.~~25083345~~250833 0.~~00000000~~000000 ~~0.00000000~~ M-3 11/01/05 - 11/30/05 13,500,000.00 5.19900% 1000.~~00000000~~000000 4.~~33250000~~332500 0.~~00000000~~000000 ~~0.00000000~~ M-4 11/01/05 - 11/30/05 13,500,000.00 5.34800% 1000.~~00000000~~000000 4.~~45666667~~456667 0.~~00000000~~000000 ~~0.00000000~~ M-5 11/01/05 - 11/30/05 10,875,000.00 5.44800% 1000.~~00000000~~000000 4.~~54000000~~540000 0.~~00000000~~000000 ~~0.00000000~~ M-6 11/01/05 - 11/30/05 9,750,000.00 5.54700% 1000.~~00000000~~000000 4.~~62250051~~622501 0.~~00000000~~000000 ~~0.00000000~~ M-7 11/01/05 - 11/30/05 9,000,000.00 5.74600% 1000.~~00000000~~000000 4.~~78833333~~788333 0.~~00000000~~000000 ~~0.00000000~~ M-8 11/01/05 - 11/30/05 7,500,000.00 5.89500% 1000.~~00000000~~000000 4.~~91250000~~912500 0.~~00000000~~000000 ~~0.00000000~~ M-9 11/01/05 - 11/30/05 7,500,000.00 6.63900% 1000.~~00000000~~000000 5.~~53250000~~532500 0.~~00000000~~000000 ~~0.00000000~~ N 11/25/05 - 12/24/05 32,265,000.00 5.19300% ~~956~~730.~~90943468~~442973 43.~~14102557~~160992 0.~~00000000 0.00000000 (5) All classes per $1,000 denomination.~~000000

Interest Distribution Factors Statement (continued) ~~Remaining~~Class ~~Ending~~Current Non-Supported Total Remaining Unpaid ~~Certificate/~~Ending Interest ~~Realized~~Interest Interest Interest ~~Notional~~Certificate/ ~~Class~~ Shortfall ~~Losses~~ (61) Shortfall Distribution Shortfall(2) Notional Balance AV-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~01894269~~201267 0.~~00000000~~000000 ~~979~~782.~~42682098~~267695 AV-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~19472229~~950000 0.~~00000000~~000000 1000.~~00000000~~000000 AV-3 0.~~00000000~~000000 0.~~00000000~~000000 34.~~29805555~~056667 0.~~00000000~~000000 1000.~~00000000~~000000 AF-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~04602480~~238130 0.~~00000000~~000000 ~~977~~798.~~53401177~~768301 AF-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~63416668~~634167 0.~~00000000~~000000 1000.~~00000000~~000000 AF-3 0.~~00000000~~000000 0.~~00000000~~000000 3.~~74916665~~749167 0.~~00000000~~000000 1000.~~00000000~~000000 AF-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~11166667~~111667 0.~~00000000~~000000 1000.~~00000000~~000000 AF-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~33416656~~334167 0.~~00000000~~000000 1000.~~00000000~~000000 AF-6 0.~~00000000~~000000 0.~~00000000~~000000 3.~~98416658~~984167 0.~~00000000~~000000 1000.~~00000000~~000000 M-1 0.~~00000000~~000000 0.~~00000000~~000000 4.~~20916657~~209167 0.~~00000000~~000000 1000.~~00000000~~000000 M-2 0.~~00000000~~000000 0.~~00000000~~000000 4.~~25083345~~250833 0.~~00000000~~000000 1000.~~00000000~~000000 M-3 0.~~00000000~~000000 0.~~00000000~~000000 4.~~33250000~~332500 0.~~00000000~~000000 1000.~~00000000~~000000 M-4 0.~~00000000~~000000 0.~~00000000~~000000 4.~~45666667~~456667 0.~~00000000~~000000 1000.~~00000000~~000000 M-5 0.~~00000000~~000000 0.~~00000000~~000000 4.~~54000000~~540000 0.~~00000000~~000000 1000.~~00000000~~000000 M-6 0.~~00000000~~000000 0.~~00000000~~000000 4.~~62249949~~622501 0.~~00000000~~000000 1000.~~00000000~~000000 M-7 0.~~00000000~~000000 0.~~00000000~~000000 4.~~78833333~~788333 0.~~00000000~~000000 1000.~~00000000~~000000 M-8 0.~~00000000~~000000 0.~~00000000~~000000 4.~~91250000~~912500 0.~~00000000~~000000 1000.~~00000000~~000000 M-9 0.~~00000000~~000000 0.~~00000000~~000000 5.~~53250000~~532500 0.~~00000000~~000000 1000.~~00000000~~000000 N 0.~~00000000~~000000 0.~~00000000~~000000 43.~~14102557~~160992 0.~~00000000~~000000 ~~901~~673.~~73239981~~096047 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~All ~~Refer~~classes toper ~~the~~$1,000 ~~Prospectus Supplement for a Full Description~~denomination.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 718,~~799~~057,~~646~~858.1871 ~~Liquidations,~~Reserve ~~Insurance~~Funds ~~Proceeds,~~and ~~Reserve~~Credit ~~Funds~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 ~~Other Amounts (~~Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(6,573.0082) Prepayment Penalties 33276,~~090~~701.8458 Swap/Cap Payments 0.00 Total Deposits 718,~~832~~327,~~737~~986.0247 Withdrawals ~~Reimbursement~~Swap ~~for~~Payments ~~Servicer~~0.00 ~~Advances~~Reserve Funds and Credit Enhancements 0.00 ~~Payment~~Total ofAdministration ~~Service~~Fees ~~Fee 321~~305,~~662~~475.9137 Payment of Interest and Principal 718,~~511~~022,~~074~~511.1110 Total Withdrawals (Pool Distribution Amount) 718,~~832~~327,~~737~~986.0247 Ending Balance 0.00

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~311~~295,~~387~~716.1372 Master Servicing Fee 109,~~275~~758.7865 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~321~~305,~~662~~475.9137 *Servicer Payees include: OCWEN FEDERAL BANK FSB

~~OTHER~~Reserve ~~ACCOUNTS~~Accounts Account Name Beginning Current Withdrawals Current Deposits Ending ~~Account Type~~ Balance ~~Withdrawals Deposits~~ Balance Class AF Cap Account 0.00 0.00 0.00 0.00 Class AV Cap Account 0.00 0.00 0.00 0.00 Class N Cap Account 0.00 0159,312.0018 0159,312.0018 0.00 Prepayment Charges ~~Account~~ 0.00 33276,~~090~~701.8458 33276,~~090~~701.8458 0.00 Account

~~LOAN~~COLLATERAL ~~STATUS~~STATEMENT ~~STRATIFICATION/CREDIT~~Collateral ~~ENHANCEMENT~~Description ~~STATEMENT~~Mixed ~~DELINQUENT~~Fixed ~~BANKRUPTCY~~& ~~FORECLOSURE~~Arm ~~REO~~Weighted ~~Total~~Average NoGross ofCoupon ~~Loans~~7.724767% NoWeighted ofAverage ~~Loans~~Net NoCoupon of7.224767% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate No7.208267% ofWeighted ~~Loans~~Average ~~Principal~~Remaining ~~Balance~~Term ~~Principal~~325 ~~Balance~~Beginning ~~Principal~~Scheduled ~~Balance~~Collateral ~~Principal~~Loan ~~Balance~~Count ~~Principal~~4,675 ~~Balance~~Number ~~0-29~~Of ~~Days~~Loans 0Paid 0In 0Full 084 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral ~~0.00~~Loan 30Count ~~Days~~4,591 22Beginning 0Scheduled 0Collateral 0Balance ~~22 3~~709,~~493~~720,~~833~~123.9328 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 3Balance 696,~~493~~387,~~833~~317.9391 60Ending ~~Days~~Actual 2Collateral 0Balance 0at 030-Nov-2005 ~~2 163~~697,~~629~~183,669.4876 ~~0.00~~Monthly ~~0.00~~P&I ~~0.00~~Constant ~~163~~5,~~629~~382,274.4874 90Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Amount ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived ~~0.00~~Count ~~150 Days~~ 0 0Prepayment 0Penalty 0Paid 0Amount 0276,701.0058 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Paid ~~0.00~~Count ~~180+~~43 ~~Days~~Realized 0Loss 0Amount ~~0 0 0 0~~6,573.0082 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 06,573.0082 ~~Totals~~Scheduled 24Principal ~~0 0 0 24 3~~813,~~657,463~~589.4154 ~~0.00~~Unscheduled ~~0.00~~Principal ~~0.00 3~~12,~~657~~519,~~463~~215.41 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.449622% 0.000000% 0.000000% 0.000000% 0.449622% 0.468964% 0.000000% 0.000000% 0.000000% 0.468964% 60 Days 0.040875% 0.000000% 0.000000% 0.000000% 0.040875% 0.021963% 0.000000% 0.000000% 0.000000% 0.021963% 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 0.490497% 0.000000% 0.000000% 0.000000% 0.490497% 0.490928% 0.000000% 0.000000% 0.000000% 0.490928%83

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group I NoII ofTotal ~~Loans~~Collateral NoDescription ofMixed ~~Loans~~ARM NoMixed ofFixed ~~Loans~~Mixed NoFixed of& ~~Loans~~Arm NoWeighted ofAverage ~~Loans~~Coupon ~~Principal~~Rate ~~Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~8.00046544 07.00630828 07.00724767 ~~0.00~~Weighted 30Average ~~Days~~Net 10Rate ~~0 0 0 10 1,677,818~~7.16546544 07.00130828 07.00224767 ~~0.00~~Weighted ~~1,677,818.16~~Average 60Remaining ~~Days~~Term 0353 0317 0325 0Beginning 0Loan ~~0.00~~Count ~~0.00~~980 ~~0.00~~3,695 ~~0.00~~4,675 ~~0.00~~Loans 90Paid ~~Days~~In 0Full 030 054 084 0Ending ~~0.00~~Loan ~~0.00~~Count ~~0.00~~950 ~~0.00~~3,641 ~~0.00~~4,591 ~~120~~Beginning ~~Days~~Scheduled 0Balance ~~0 0 0 0 0~~160,373,613.0065 0549,346,509.0063 0709,720,123.0028 ~~0.00~~Ending ~~0.00~~Scheduled ~~150~~Balance ~~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 10 0 0 0 10 1~~155,~~677~~006,~~818~~295.1662 ~~0.00 0.00 0.00 1~~541,~~677~~381,~~818~~022.~~16 0-~~29 ~~Days 0~~696,387,317.~~000000%~~91 ~~0.000000%~~Record ~~0.000000%~~Date ~~0.000000%~~11/30/2005 ~~0.000000%~~11/30/2005 ~~0.000000% 0.000000% 0.000000%~~ 11/30/2005 ~~Days~~Principal ~~0.951475%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 01,182,217.~~000000%~~38 04,200,057.~~951475%~~36 05,382,274.~~968656%~~74 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 0106,839.~~000000%~~62 0706,749.~~968656%~~92 ~~60 Days 0~~813,589.~~000000%~~54 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 05,260,478.~~000000%~~41 07,258,737.~~000000%~~42 012,519,215.~~000000%~~83 ~~0.000000%~~Scheduled ~~0.000000%~~Interest 01,075,377.~~000000%~~76 03,493,307.~~000000%~~44 ~~90 Days 0~~4,568,685.~~000000%~~20 ~~0.000000%~~Servicing ~~0.000000%~~Fee 066,822.~~000000%~~34 0228,894.~~000000%~~38 0295,716.~~000000%~~72 ~~0.000000%~~Master ~~0.000000%~~Servicing ~~0.000000%~~Fee 02,205.~~000000%~~14 ~~120 Days 0~~7,553.~~000000%~~51 09,758.~~000000%~~65 ~~0.000000%~~Trustee ~~0.000000%~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~FRY ~~0.000000%~~Amount 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 0.951475% 0.000000% 0.000000% 0.000000% 0.951475% 0.968656% 0.000000% 0.000000% 0.000000% 0.968656% DELINQUENT BANKRUPTCY FORECLOSURE REO Total II 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~~Special 30Hazard ~~Days~~Fee 12 0 ~~0 0 12 1,816,015~~.~~77 0.~~00 0.00 0.00 ~~1,816,015.77~~Other 60Fee ~~Days 2~~ 0 ~~0 0 2 163,629~~.~~48 0.~~00 0.00 0.00 ~~163,629.48~~Pool 90Insurance ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~120 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~3 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Net ~~0.00~~Interest ~~Totals 14 0 0 0 14~~ 1,~~979~~006,~~645~~350.2528 03,256,859.0055 ~~0.00 0.00 1~~4,~~979~~263,~~645~~209.2583 ~~0-29~~Realized ~~Days~~Loss ~~0.000000%~~Amount 06,573.~~000000%~~82 0.~~000000%~~00 06,573.~~000000%~~82 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 06,573.~~000000%~~82 ~~30 Days~~ 0.~~312337%~~00 06,573.~~000000%~~82 ~~0.000000%~~Percentage ~~0.000000%~~of ~~0.312337%~~Cumulative ~~0.317597%~~Losses 0.~~000000%~~0038 0.~~000000%~~0000 0.~~000000%~~0009 ~~0.317597%~~Prepayment 60Penalty ~~Days~~Waived ~~0.052056%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.052056%~~Prepayment ~~0.028617%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Count 0~~.000000%~~ 0~~.028617%~~ ~~90 Days~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Amount ~~0.000000%~~Not ~~0.000000%~~Available ~~0.000000%~~Not ~~0.000000%~~Available 0276701.~~000000%~~58 ~~120~~Prepayment ~~Days~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Count ~~0.000000%~~Not ~~0.000000%~~Available ~~0.000000%~~Not ~~0.000000%~~Available ~~0.000000%~~43 ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.000000%~~Fee ~~150 Days~~ 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through ~~0.000000%~~Rate 07.~~000000%~~530044 07.~~000000%~~114328 07.000000% 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 0.364394% 0.000000% 0.000000% 0.000000% 0.364394% 0.346213% 0.000000% 0.000000% 0.000000% 0.346213%208267

~~COLLATERAL~~Delinquency ~~STATEMENT~~Status ~~Collateral~~By ~~Description~~Group ~~Mixed~~DELINQUENT ~~Fixed~~BANKRUPTCY &FORECLOSURE ~~Arm~~REO ~~Weighted~~TOTAL ~~Average~~I ~~Gross~~No ~~Coupon~~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 7 0 0 7 797,745.~~752522%~~45 ~~Weighted~~0.00 ~~Average~~0.00 ~~Net~~797,745.45 ~~Coupon~~30 Days 52 1 0 0 53 7,883,787.~~252522%~~47 ~~Weighted~~63,736.00 ~~Average~~0.00 ~~Pass-Through~~0.00 ~~Rate~~ 7,947,523.~~236022%~~47 ~~Weighted~~60 ~~Average~~Days ~~Maturity(Stepdown~~18 ~~Calculation)~~0 ~~328~~0 ~~Beginning~~0 ~~Scheduled~~18 ~~Collateral~~2,856,771.61 ~~Loan~~0.00 ~~Count~~0.00 0.00 2,856,771.61 90 Days 4 0 9 0 13 827,~~911~~002.72 ~~Number~~0.00 Of1,282,182.54 ~~Loans~~0.00 ~~Paid~~2,109,185.26 In120 ~~Full~~Days 4 2 8 0 14 476,095.01 286,135.01 961,912.70 0.00 1,724,142.72 150 Days 0 0 1 0 1 0.00 0.00 226,731.54 0.00 226,731.54 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 78 10 18 ~~Ending~~0 ~~Scheduled~~106 ~~Collateral~~12,043,656.81 ~~Loan~~1,147,616.46 ~~Count~~2,470,826.78 40.00 15,~~893~~662,100.05 ~~Beginning~~0-29 ~~Scheduled~~Days ~~Collateral~~0.736842% 0.000000% 0.000000% 0.736842% 0.514228% 0.000000% 0.000000% 0.514228% 30 Days 5.473684% 0.105263% 0.000000% 0.000000% 5.578947% 5.081902% 0.041084% 0.000000% 0.000000% 5.122986% 60 Days 1.894737% 0.000000% 0.000000% 0.000000% 1.894737% 1.841480% 0.000000% 0.000000% 0.000000% 1.841480% 90 Days 0.421053% 0.000000% 0.947368% 0.000000% 1.368421% 0.533087% 0.000000% 0.826497% 0.000000% 1.359584% 120 Days 0.421053% 0.210526% 0.842105% 0.000000% 1.473684% 0.306892% 0.184443% 0.620050% 0.000000% 1.111385% 150 Days 0.000000% 0.000000% 0.105263% 0.000000% 0.105263% 0.000000% 0.000000% 0.146152% 0.000000% 0.146152% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 8.210526% 1.052632% 1.894737% 0.000000% 11.157895% 7.763360% 0.739755% 1.592699% 0.000000% 10.095815% DELINQUENT BANKRUPTCY FORECLOSURE REO TOTAL II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ~~747~~Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 7 0 0 7 482,~~329~~622.50 0.00 0.00 482,~~096~~622.8050 ~~Ending~~30 ~~Scheduled~~Days ~~Collateral~~86 ~~Balance~~0 ~~744~~0 0 86 13,060,362.71 0.00 0.00 0.00 13,060,362.71 60 Days 33 2 0 0 35 4,302,357.67 380,~~521~~691.2167 ~~Ending~~0.00 ~~Actual~~0.00 ~~Collateral~~4,683,049.34 ~~Balance~~90 atDays ~~29-Jul-2005~~11 ~~745~~0 9 0 20 1,~~010~~229,~~514~~519.1677 ~~Monthly~~0.00 ~~P&I~~750,230.55 ~~Constant~~0.00 51,~~650~~979,~~876~~750.32 ~~Special~~120 ~~Servicing~~Days ~~Fee~~0 1 3 0 4 0.00 ~~Prepayment~~90,756.24 ~~Penalties~~222,963.57 330.00 313,~~090~~719.8481 ~~Realized~~150 ~~Loss~~Days ~~Amount~~0 1 5 0 6 0.00 ~~Cumulative~~85,063.42 ~~Realized~~746,258.60 ~~Loss~~0.00 831,322.02 180+ Days 0 0 1 0 1 0.00 ~~Scheduled~~0.00 ~~Principal~~95,649.45 ~~822~~0.00 95,~~805~~649.4445 ~~Unscheduled~~Totals ~~Principal~~130 211 18 0 159 18,~~148~~592,~~770~~240.15 1,039,133.83 1,815,102.17 0.00 21,446,476.15 0-29 Days 0.192255% 0.000000% 0.000000% 0.192255% 0.089037% 0.000000% 0.000000% 0.089037% 30 Days 2.361988% 0.000000% 0.000000% 0.000000% 2.361988% 2.409443% 0.000000% 0.000000% 0.000000% 2.409443% 60 Days 0.906344% 0.054930% 0.000000% 0.000000% 0.961274% 0.793721% 0.070232% 0.000000% 0.000000% 0.863953% 90 Days 0.302115% 0.000000% 0.247185% 0.000000% 0.549300% 0.226828% 0.000000% 0.138406% 0.000000% 0.365235% 120 Days 0.000000% 0.027465% 0.082395% 0.000000% 0.109860% 0.000000% 0.016743% 0.041133% 0.000000% 0.057877% 150 Days 0.000000% 0.027465% 0.137325% 0.000000% 0.164790% 0.000000% 0.015693% 0.137674% 0.000000% 0.153367% 180+ Days 0.000000% 0.000000% 0.027465% 0.000000% 0.027465% 0.000000% 0.000000% 0.017646% 0.000000% 0.017646% Totals 3.570448% 0.302115% 0.494370% 0.000000% 4.366932% 3.429992% 0.191705% 0.334859% 0.000000% 3.956556%

~~Miscellaneous~~Realized ~~Reporting~~Loss AFDetail ~~Cap~~Report ~~Payment~~- ~~0.00~~Loans AVwith ~~Cap~~Losses ~~Payment~~during ~~0.00~~Current NPeriod ~~Cap~~Summary ~~Payment~~# ~~0.00~~Loans ~~Required~~Prior ~~Overcollateralization~~Realized ~~Amount~~Current ~~20,999,997.31~~with ~~Overcollateralization~~Principal Loss/(Gain) Loss Group Losses Balance Amount 20Percentage I 1 124,~~999~~907.98 6,~~997~~573.3182 ~~Subordination~~0.004% ~~Increase~~II 0 0.00 ~~Subordination Reduction~~ 0.00 ~~Cumulative~~0.000% ~~Loss~~Total ~~Event~~1 NO124,907.98 ~~Delinquency~~6,573.82 ~~Event NO~~0.001%

~~Group~~Realized ~~Level~~Loss Collateral Statement Group I II Total Collateral Description Mixed ARM Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.054859 7.660863 7.752522 Weighted Average Net Rate 7.554859 7.160863 7.252522 Weighted Average Maturity 356 319 328 Beginning Loan ~~Count~~Detail ~~1,056~~Report ~~3,855~~- ~~4,911~~ Loans ~~Paid~~With InLosses ~~Full~~during 5Current 13Period 18Original ~~Ending~~Current Loan ~~Count~~Principal ~~1,051~~Note ~~3,842~~LTV ~~4,893~~at ~~Beginning~~Original ~~Scheduled~~Group ~~Balance~~Number ~~173,858,473.32 573,470,623.48 747,329,096.80 Ending Scheduled~~ Balance ~~173,110,826.69~~Rate ~~571,246,694.52~~State ~~744,357,521.21~~Origination ~~Record~~Term ~~Date~~I ~~07/29/2005~~0102135399 ~~07/29/2005 07/29/2005 Principal And Interest Constant 1~~125,~~279,739~~000.23 4,371,137.09 5,650,876.32 Scheduled Principal 112,734.69 710,070.75 822,805.44 Unscheduled Principal 634,911.94 1,513,858.21 2,148,770.15 Scheduled Interest 1,167,004.54 3,661,066.34 4,828,070.88 Servicing Fees 72,441.03 238,946.10 311,387.13 Master Servicing Fees 2,390.56 7,885.22 10,275.78 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,092,172.95 3,414,235.02 4,506,407.97 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 7.~~538359~~540% ~~7.144363~~PA 789.~~236022~~09 360

~~Prepayment~~Realized ~~Detail~~Loss -Loan ~~Prepayments~~Detail ~~during~~Report ~~Current~~- ~~Period Summary~~ Loans ~~Paid~~With InLosses ~~Full~~during ~~Repurchased~~Current ~~Loans~~Period ~~Original~~(continued) ~~Current~~Prior ~~Original~~Cumulative ~~Current~~Loan Principal ~~Principal~~Realized ~~Principal~~Realized ~~Principal~~ Group ~~Count~~Number Balance ~~Balance~~Loss/(Gain) ~~Count~~Loss/(Gain) ~~Balance Balance~~ I 50102135399 ~~626~~124,~~250~~907.0098 ~~625~~6,~~338~~573.0782 ~~0 0.00 0.00 II 13 1~~6,~~493,272~~573.~~00 1,443,140.45 0 0.00 0.00 Total 18 2,119,522.00 2,068,478.52 0 0.00 0.00~~82

~~Prepayment~~Realized ~~Detail~~Loss Report - ~~Prepayments~~Collateral ~~during~~Summary MDR SDA Current ~~Period~~Month ~~(continued)~~0.018% ~~Summary~~Current ~~Substitution~~Month ~~Loans~~1.823% ~~Liquidated~~3 ~~Loans~~Month ~~Curtailments~~Average ~~Original~~0.006% 3 Month Average 0.608% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current ~~Original~~vs 12mo Average* SDA: Current ~~Principal~~vs ~~Principal~~12mo ~~Principal~~Average* ~~Principal~~Month ~~Curtailment~~Current ~~Group~~12mo ~~Count~~Avg. ~~Balance~~Month ~~Balance~~Current ~~Count~~12mo ~~Balance~~Avg. ~~Balance~~Jan-2005 ~~Amount~~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 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.018% N/A Dec-2005 1.823% 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 ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.210% Current Month 5.283% 3 Month Average 0.070% 3 Month Average 1.761% 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. 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 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.210% N/A Dec-2005 5.283% 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 ctslink.com. www.ctslink.com. I MDR SDA Current Month 0.078% Current Month 8.121% 3 Month Average 0.00026% 3 Month Average 2.707% 12 Month Average 0.00000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. 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 0.00000% N/A Jul-2005 0.00000% ~~9,932~~N/A Aug-2005 0.11000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.078% N/A Dec-2005 8.121% 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 ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.927% Current Month 5.283% 3 Month Average 0.309% 3 Month Average 1.761% 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. 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 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.927% N/A Dec-2005 5.283% 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 ctslink.com. www.ctslink.com. II MDR SDA Current Month 0.000% Current Month 0.00000% 3 Month Average 0.00000% 3 Month Average 0.000% 12 Month Average 0.00000% 12 Month Average 0.00000% ~~73,196~~MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg.93 ~~Total~~Month Current 12mo Avg. 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 0.000% N/A Jul-2005 0.00000% N/A Aug-2005 0.00000% N/A Aug-2005 0.000% N/A Sep-2005 0.00000% N/A Sep-2005 0.00000% ~~83,129~~N/A Oct-2005 0.04000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.000% N/A 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 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. 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 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.000% N/A 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 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 ~~Loan~~ Detail - Prepayments during Current Period ~~First~~Summary ~~Original~~Loans ~~Loan~~Paid ~~LTV~~In atFull ~~Payment~~Repurchased ~~Principal~~Loans ~~Prepayment~~Original ~~Group~~Current ~~Number~~Original ~~State~~Current ~~Origination~~Principal ~~Date~~Principal ~~Balance~~Principal ~~Amount~~Principal IGroup ~~0102107760~~Count RIBalance ~~51.90~~Balance ~~01-May-2005~~Count ~~82,000.00~~Balance ~~81,747.66~~Balance I ~~0102126851~~29 ~~MD 65.00 01-Jun-2005 146~~5,~~250.00 146~~148,~~009~~406.~~35 I 0102127784 OH 90.~~00 ~~01-Jun-2005 196~~5,~~200.00 195~~129,~~847~~062.4723 I0 ~~0102131109 OH 80~~0.00 ~~01-Jun-2005 64,800~~0.00 ~~64,704.42 I 0102144573 RI 76.11 01-Jun-2005 137,000.00 136,670.93~~ II ~~0102110400 KS 79.51 01-May-2005 46,600.00 651.50 II 0102111572 NJ~~ 54~~.82~~ ~~01-May-2005 116~~7,~~000.00 114~~263,~~372~~890.1499 ~~II 0102112505 OH 90.00 01-May-2005 54~~7,~~900.00 54~~202,~~793~~928.8545 II0 ~~0102118437 FL 73~~0.~~64 01-May-2005 190,000.~~00 ~~187,379~~0.~~68 II 0102123809 NJ 70.21 01-Jun-2005 165,000.~~00 ~~164,697.38~~Total II83 ~~0102127990 OH 80.00 01-Jun-2005 93~~12,~~600.00 93~~412,~~460~~296.4999 ~~II 0102135001 NJ 75.00 01-Jun-2005 135~~12,~~000.00 134~~331,~~774~~990.~~31 II 0102135647 FL 90.00 01-Jun-2005~~ 68~~,400.00~~ ~~67,736.96~~0 ~~II 0102138401 FL 85~~0.00 ~~01-Jun-2005 117,300~~0.00 116,994.72 II 0102146289 WI 68.90 01-Jul-2005 62,700.00 62,356.47 II 0102147469 NY 85.00 01-Jul-2005 128,072.00 127,899.22 II 0102155215 WI 100.00 01-Aug-2005 160,700.00 160,601.16 II 0102165107 FL 46.55 01-Aug-2005 155,000.00 154,943.40

Prepayment ~~Loan~~ Detail - Prepayments during Current Period (continued) ~~Current~~Summary ~~Loan~~Substitution ~~PIF~~Loans ~~Months~~Liquidated ~~Loan~~Loans Curtailments Original ~~Group~~Current ~~Number~~Original ~~Type~~Current ~~Delinquent~~Principal ~~Rate~~Principal ~~Term~~Principal ~~Seasoning~~Principal ICurtailment ~~0102107760~~Group ~~Loan~~Count ~~Paid~~Balance inBalance ~~Full~~Count ~~(1)~~Balance ~~8.190%~~Balance ~~360~~Amount 3 I ~~0102126851 Loan Paid in Full~~ 0 100.~~490%~~00 ~~360 2 I 0102127784 Loan Paid in Full~~ 0 8.~~590%~~00 ~~360~~1 ~~2 I 0102131109 Loan Paid in Full 0 9~~125,000.~~540%~~00 ~~360 2 I 0102144573 Loan Paid in Full 0 7~~124,439.~~990%~~12 ~~360 2 II 0102110400 Loan Paid in Full (2)~~ 10,837.~~890%~~60 ~~240 3~~ II ~~0102111572 Loan Paid in Full~~ 0 ~~5.850% 180 3 II 0102112505 Loan Paid in Full~~ 0 9.~~640%~~00 ~~360 3 II 0102118437 Loan Paid in Full~~ 0 6.~~990%~~00 ~~180 3 II 0102123809 Loan Paid in Full~~ 0 ~~8.490% 360 2 II 0102127990 Loan Paid in Full~~ 0 9.~~490%~~00 ~~360 2 II 0102135001 Loan Paid in Full~~ 0 8.~~940%~~00 ~~360 2 II 0102135647 Loan Paid in Full (1) 6~~65,986.~~790%~~78 ~~180~~Total ~~2 II 0102138401 Loan Paid in Full (1) 6.740% 360 2 II 0102146289 Loan Paid in Full~~ 0 80.~~640%~~00 ~~180 1 II 0102147469 Loan Paid in Full~~ 0 7.~~990%~~00 ~~360~~ 1 ~~II 0102155215 Loan Paid in Full (1) 9~~125,000.~~390%~~00 ~~336 1 II 0102165107 Loan Paid in Full (1) 10~~124,439.~~890%~~12 ~~360 1~~76,824.38

~~Summary~~Prepayment ~~SMM~~Loan ~~CPR~~Detail ~~PSA~~- Prepayments during Current ~~Month~~Period ~~0.288%~~First ~~Current~~Original ~~Month~~Loan ~~3.400%~~LTV ~~Current~~at ~~Month~~Payment ~~961.246%~~Principal 3Prepayment ~~Month~~Group ~~Average~~Number ~~0.000%~~State 3Origination ~~Month~~Date ~~Average~~Balance ~~0.000%~~Amount 3I ~~Month~~0102112364 ~~Average~~ME 085.~~000%~~00 1201-May-2005 ~~Month~~93,500.00 ~~Average 0~~92,969.~~000%~~56 12I ~~Month~~0102119898 ~~Average~~MA 054.~~000%~~58 1201-May-2005 ~~Month~~143,000.00 ~~Average 0~~142,041.~~000%~~05 ~~CPR:~~I ~~Current~~0102125366 vsRI ~~12mo~~75.00 Average*01-Jun-2005 ~~PSA:~~149,250.00 ~~Current~~148,485.38 vsI ~~12mo~~0102129350 Average*GA ~~Month~~70.00 ~~Current~~01-Jun-2005 ~~12mo~~182,000.00 ~~Avg~~181,356.90 ~~Month~~I ~~Current~~0102130978 ~~12mo~~CO ~~Avg~~78.05 ~~Sep~~01-~~2004 N/A N/A Sep~~Jun-~~2004~~2005 ~~N/A~~160,000.00 ~~N/A~~159,108.53 ~~Oct-2004~~I ~~N/A~~0102131935 ~~N/A~~MA ~~Oct-2004~~79.79 ~~N/A N/A Nov~~01-~~2004 N/A N/A Nov~~Jun-~~2004~~2005 ~~N/A~~225,000.00 ~~N/A~~223,454.05 ~~Dec-2004~~I ~~N/A~~0102135399 ~~N/A~~PA ~~Dec-2004~~89.09 ~~N/A N/A Jan~~01-Jun-2005 ~~N/A~~125,000.00 ~~N/A~~124,343.57 ~~Jan-2005~~I ~~N/A~~0102137783 ~~N/A~~FL ~~Feb~~90.00 01-Jun-2005 ~~N/A~~158,400.00 ~~N/A~~157,676.78 ~~Feb-2005~~I ~~N/A~~0102138336 ~~N/A~~FL ~~Mar~~80.00 01-Jun-2005 ~~N/A~~240,000.00 ~~N/A~~238,568.24 ~~Mar-2005~~I ~~N/A~~0102139706 ~~N/A~~IL ~~Apr~~85.00 01-Jun-2005 ~~N/A~~134,300.00 ~~N/A~~133,561.57 ~~Apr-2005~~I ~~N/A~~0102140217 ~~N/A~~NJ ~~May~~64.97 01-Jun-2005 ~~N/A~~395,000.00 ~~N/A~~393,607.26 ~~May-2005~~I ~~N/A~~0102146024 ~~N/A~~NJ ~~Jun~~80.00 01-Jul-2005 ~~N/A~~286,400.00 ~~N/A~~285,310.87 ~~Jun-2005~~I ~~N/A~~0102146438 ~~N/A~~NJ 88.80 01-Jul-2005 3232,656.~~096%~~00 ~~N/A~~231,652.71 I 0102147816 PA 66.00 01-Jul-2005 2165,~~012~~000.~~999%~~00 ~~N/A~~164,116.97 ~~Aug-2005~~I ~~3.400%~~0102148467 ~~N/A~~MD ~~Aug~~75.00 01-Jul-2005 ~~961~~126,750.~~246%~~00 ~~N/A~~126,348.28 *TheI ~~text~~0102149150 ~~reported~~NJ in54.04 ~~the~~01-Jul-2005 ~~above~~154,000.00 ~~table~~153,308.96 isI ~~presented~~0102149473 *TheFL ~~text~~63.64 ~~reported~~01-Jul-2005 in140,000.00 ~~the~~139,163.48 ~~above~~I ~~table~~0102151255 isFL ~~presented~~75.00 ~~graphically~~01-Jul-2005 on202,500.00 ~~the~~201,702.19 ~~monthly~~I ~~bond~~0102152337 ~~remittance~~KY ~~report~~50.00 ~~The~~01-Jul-2005 ~~graphically~~50,000.00 on49,812.75 ~~the~~I ~~monthly~~0102157609 ~~bond~~PA ~~remittance~~80.00 ~~report~~01-Jul-2005 80,000.00 ~~The~~79,609.67 ~~monthly~~I ~~bond~~0102157815 ~~remittance~~IL ~~report~~47.62 ~~can~~01-Jul-2005 be50,000.00 ~~viewed~~49,810.44 ~~online~~I at0102159712 ~~monthly~~GA ~~bond~~81.97 ~~remittance~~01-Jul-2005 ~~report~~500,000.00 ~~can~~497,733.34 beI ~~viewed~~0102159902 ~~online~~VA at70.00 ~~www~~01-Jul-2005 57,750.~~ctslink.com.~~00 ~~www~~57,588.~~ctslink.com.~~12 I ~~SMM~~0102161270 ~~CPR~~MD ~~PSA~~75.00 ~~Current~~01-Jul-2005 ~~Month~~41,250.00 041,137.~~365%~~85 ~~Current~~I ~~Month~~0102164779 4IL 70.~~298%~~00 ~~Current~~01-Aug-2005 ~~Month~~137,900.00 1137,~~249~~561.~~459%~~89 3I ~~Month~~0102165248 ~~Average~~WA 080.~~000%~~00 301-Aug-2005 ~~Month~~137,600.00 ~~Average 0~~137,087.~~000%~~09 3I ~~Month~~0102167376 ~~Average~~MA 085.~~000%~~00 1201-Aug-2005 ~~Month~~293,250.00 ~~Average 0~~292,240.~~000%~~87 12I ~~Month~~0102172962 ~~Average~~SC 080.~~000%~~00 1201-Aug-2005 ~~Month~~106,400.00 ~~Average 0~~106,051.~~000%~~88 ~~CPR:~~I ~~Current~~0102173192 vsNY ~~12mo~~71.76 Average*01-Aug-2005 ~~PSA:~~244,000.00 ~~Current~~243,053.67 vsI ~~12mo~~0102173689 Average*CA ~~Month~~66.46 ~~Current~~01-Aug-2005 ~~12mo~~262,500.00 ~~Avg~~261,176.89 ~~Month~~II ~~Current~~0102108065 ~~12mo~~NY ~~Avg~~60.00 ~~Sep~~01-~~2004~~May-2005 ~~N/A~~255,000.00 ~~N/A~~253,853.53 ~~Sep-2004~~II ~~N/A~~0102108768 ~~N/A~~VA ~~Oct~~95.00 01-~~2004~~May-2005 ~~N/A~~90,250.00 ~~N/A~~89,835.88 ~~Oct-2004~~II ~~N/A~~0102108883 ~~N/A~~NY ~~Nov~~43.06 01-~~2004~~May-2005 ~~N/A~~155,000.00 ~~N/A~~153,919.51 ~~Nov-2004~~II ~~N/A~~0102114550 ~~N/A~~VA ~~Dec~~12.83 01-~~2004~~May-2005 ~~N/A~~61,000.00 ~~N/A~~60,523.04 ~~Dec-2004~~II ~~N/A~~0102115235 ~~N/A~~MO ~~Jan~~80.00 01-May-2005 ~~N/A~~29,331.00 ~~N/A~~27,134.13 ~~Jan-2005~~II ~~N/A~~0102115631 ~~N/A~~NY ~~Feb~~75.00 01-May-2005 ~~N/A~~102,000.00 ~~N/A~~101,685.68 ~~Feb-2005~~II ~~N/A~~0102116118 ~~N/A~~NV ~~Mar~~80.00 01-May-2005 ~~N/A~~232,000.00 ~~N/A~~230,833.28 ~~Mar-2005~~II ~~N/A~~0102116316 ~~N/A~~OR ~~Apr~~70.00 01-May-2005 ~~N/A~~130,200.00 ~~N/A~~129,385.92 ~~Apr-2005~~II ~~N/A~~0102116399 ~~N/A~~MD 75.00 01-May-2005 ~~N/A~~169,125.00 ~~N/A~~167,876.07 ~~May-2005~~II ~~N/A~~0102118841 ~~N/A~~NC ~~Jun~~71.30 01-May-2005 ~~N/A~~77,000.00 ~~N/A~~74,577.44 ~~Jun-2005~~II ~~N/A~~0102118932 ~~N/A~~KS ~~Jul-2005 6~~90.~~953%~~00 ~~N/A Jul~~01-May-2005 450,~~818~~940.~~585%~~00 ~~N/A~~48,307.54 ~~Aug-2005~~II ~~4.298%~~0102119344 ~~N/A~~NY ~~Aug~~80.00 01-May-2005 156,~~249~~000.~~459%~~00 ~~N/A~~55,724.02 *TheII ~~text~~0102119625 ~~reported~~OH in75.00 ~~the~~01-May-2005 ~~above~~93,000.00 ~~table~~92,594.66 isII ~~presented~~0102119658 *TheMD ~~text~~70.00 ~~reported~~01-May-2005 in101,500.00 ~~the~~100,493.61 ~~above~~II ~~table~~0102120193 isFL ~~presented~~73.64 ~~graphically~~01-Jun-2005 on162,000.00 ~~the~~160,873.33 ~~monthly~~II ~~bond~~0102120698 ~~remittance~~IL ~~report~~68.29 ~~The~~01-May-2005 ~~graphically~~112,000.00 on108,909.91 ~~the~~II ~~monthly~~0102120946 ~~bond~~CA ~~remittance~~40.57 ~~report~~01-May-2005 128,500.00 ~~The~~125,102.64 ~~monthly~~II ~~bond~~0102121910 ~~remittance~~NC ~~report~~80.00 ~~can~~01-Jun-2005 be60,400.00 ~~viewed~~59,236.05 ~~online~~II at0102122611 ~~monthly~~IL ~~bond~~80.00 ~~remittance~~01-May-2005 ~~report~~174,400.00 ~~can~~173,169.58 beII ~~viewed~~0102122835 ~~online~~MO at81.82 ~~www~~01-Jun-2005 63,000.~~ctslink.com.~~00 ~~www~~61,775.~~ctslink.com.~~30 II ~~SMM~~0102123684 ~~CPR~~NJ ~~PSA~~65.00 ~~Current~~01-Jun-2005 ~~Month~~169,000.00 0168,417.~~264%~~70 ~~Current~~II ~~Month~~0102125028 3NY 80.~~126%~~00 ~~Current~~01-Jun-2005 ~~Month~~260,000.00 ~~876~~258,623.~~501%~~68 3II ~~Month~~0102126018 ~~Average~~CA 080.~~000%~~00 301-Jun-2005 ~~Month~~232,800.00 ~~Average 0~~225,865.~~000%~~24 3II ~~Month~~0102130366 ~~Average~~CO 078.~~000%~~31 1201-Jun-2005 ~~Month~~130,000.00 ~~Average 0~~129,104.~~000%~~39 12II ~~Month~~0102131356 ~~Average~~NC 090.~~000%~~00 1201-Jun-2005 ~~Month~~160,200.00 ~~Average 0~~159,187.~~000%~~30 ~~CPR:~~II ~~Current~~0102131497 vsNJ ~~12mo~~25.00 Average*01-Jun-2005 ~~PSA:~~70,000.00 ~~Current~~69,803.49 vsII ~~12mo~~0102131687 Average*NJ ~~Month~~93.71 ~~Current~~01-Jun-2005 ~~12mo~~229,600.00 ~~Avg~~228,613.47 ~~Month~~II ~~Current~~0102133808 ~~12mo~~FL ~~Avg~~84.00 ~~Sep~~01-~~2004~~Jun-2005 ~~N/A~~149,520.00 ~~N/A~~148,405.08 ~~Sep-2004~~II ~~N/A~~0102134996 ~~N/A~~NC ~~Oct~~61.54 01-~~2004~~Jun-2005 ~~N/A~~40,000.00 ~~N/A~~39,801.41 ~~Oct-2004~~II ~~N/A~~0102135886 ~~N/A~~IL ~~Nov~~100.00 01-~~2004~~Jul-2005 ~~N/A~~106,600.00 ~~N/A~~104,351.25 ~~Nov-2004~~II ~~N/A~~0102136041 ~~N/A~~IL ~~Dec~~62.69 01-~~2004~~Jun-2005 ~~N/A~~61,750.00 ~~N/A~~61,374.43 ~~Dec-2004~~II ~~N/A~~0102136330 ~~N/A~~NY ~~Jan~~75.00 01-Jun-2005 ~~N/A~~195,000.00 ~~N/A~~193,932.15 ~~Jan-2005~~II ~~N/A~~0102136447 ~~N/A~~NY ~~Feb~~80.00 01-Apr-2005 ~~N/A~~260,000.00 ~~N/A~~258,625.06 ~~Feb-2005~~II ~~N/A~~0102137684 ~~N/A~~NY ~~Mar~~25.25 01-Jun-2005 ~~N/A~~101,000.00 ~~N/A~~100,620.24 ~~Mar-2005~~II ~~N/A~~0102138450 ~~N/A~~IN ~~Apr~~60.00 01-Jun-2005 ~~N/A~~42,000.00 ~~N/A~~41,100.35 ~~Apr-2005~~II ~~N/A~~0102139276 ~~N/A~~OH ~~May~~70.00 01-Jun-2005 ~~N/A~~77,000.00 ~~N/A~~76,655.49 ~~May-2005~~II ~~N/A~~0102140621 ~~N/A~~SC 80.00 01-Jun-2005 ~~N/A~~105,600.00 ~~N/A~~104,025.90 ~~Jun-2005~~II ~~N/A~~0102142601 ~~N/A~~NY 85.00 01-Jul-2005 173,100.~~893%~~00 ~~N/A~~71,832.27 II 0102143021 FL 67.17 01-Jul-2005 193,~~208~~100.~~145%~~00 ~~N/A~~91,198.47 ~~Aug-2005~~II ~~3.126%~~0102144359 ~~N/A~~CT ~~Aug~~80.00 01-Jul-2005 ~~876~~160,000.~~501%~~00 ~~N/A~~159,356.78 *TheII ~~text~~0102145117 ~~reported~~VA in86.88 ~~the~~01-Jul-2005 ~~above~~145,700.00 ~~table~~142,440.60 isII ~~presented~~0102146271 *TheNJ ~~text~~73.50 ~~reported~~01-Jun-2005 in268,275.00 ~~the~~267,122.33 ~~above~~II ~~table~~0102146370 isNH ~~presented~~55.09 ~~graphically~~01-Jul-2005 on164,999.99 ~~the~~162,453.64 ~~monthly~~II ~~bond~~0102149606 ~~remittance~~NY ~~report~~89.55 ~~The~~01-Jul-2005 ~~graphically~~40,750.00 on40,399.22 ~~the~~II ~~monthly~~0102151149 ~~bond~~NY ~~remittance report~~85.00 ~~The~~01-Jul-2005 ~~monthly~~119,000.00 ~~bond~~118,531.18 ~~remittance~~II ~~report~~0102152956 ~~can~~NJ be50.89 ~~viewed~~01-Jul-2005 ~~online~~200,000.00 at199,393.04 ~~monthly~~II ~~bond~~0102157344 ~~remittance~~VA ~~report~~80.00 ~~can~~01-Jul-2005 be120,000.00 ~~viewed~~117,602.30 ~~online~~II at0102160322 ~~www.ctslink.com.~~NJ ~~www~~85.~~ctslink.com.~~00 ~~Calculation~~01-Jul-2005 ~~Methodology:~~106,250.00 ~~Single~~105,976.30 ~~Month~~II ~~Mortality~~0102161403 ~~(SMM):~~NY ~~(Partial~~75.00 ~~and~~01-Jul-2005 ~~full~~189,000.00 ~~prepayments~~188,036.38 +II ~~Repurchases)~~0102163854 /NJ ~~(Beginning~~60.00 ~~Scheduled Balance~~ 01-Aug-2005 ~~Scheduled~~132,000.00 ~~Principal)~~127,552.62 ~~Conditional~~II ~~PrePayment~~0102167186 ~~Rate~~FL ~~(CPR):~~59.41 1 01- ~~((1~~ Jul-2005 ~~SMM)^12)~~325,000.00 ~~PSA~~324,079.35 ~~Standard~~II ~~Prepayment~~0102167897 ~~Model:~~CA ~~100~~90.00 *01-Aug-2005 ~~CPR / (0~~189,000.200 * MIN(30188,~~WAS))~~390.90 ~~Weighted~~II ~~Average~~0102168879 ~~Seasoning~~MD ~~(WAS):~~74.96 ~~sum((Original~~01-Aug-2005 ~~Term~~138,000.00 -137,529.87 ~~Remaining~~II ~~Term)*(Current~~0102173598 ~~Scheduled~~FL ~~Balance/Deal~~81.68 ~~Scheduled~~01-Aug-2005 ~~Principal~~107,000.00 ~~Balance))~~106,537.64

~~Realized~~Prepayment ~~Loss~~Loan Detail ~~Report~~ - ~~Loans~~Prepayments ~~with Losses~~ during Current Period ~~Summary~~(continued) #Current ~~Loans~~Loan ~~Prior~~PIF ~~Realized~~Months ~~Current~~Loan ~~with~~Original ~~Principal~~Group ~~Loss/~~Number Type Delinquent Rate Term Seasoning I 0102112364 Loan Paid in Full 0 7.840% 360 7 I 0102119898 Loan Paid in Full 0 6.990% 360 7 I 0102125366 Loan Paid in Full 1 7.665% 360 6 I 0102129350 Loan Paid in Full 0 9.490% 360 6 I 0102130978 Loan Paid in Full 0 7.240% 360 6 I 0102131935 Loan Paid in Full 0 6.240% 360 6 I 0102135399 Liquidation 3 7.540% 360 6 I 0102137783 Loan Paid in Full 0 8.240% 360 6 I 0102138336 Loan Paid in Full 0 6.890% 360 6 I 0102139706 Loan Paid in Full 0 7.990% 360 6 I 0102140217 Loan Paid in Full 0 9.500% 360 6 I 0102146024 Loan Paid in Full 0 8.365% 360 5 I 0102146438 Loan Paid in Full 0 7.740% 360 5 I 0102147816 Loan Paid in Full 0 6.640% 360 5 I 0102148467 Loan Paid in Full 1 9.990% 360 5 I 0102149150 Loan Paid in Full 0 7.540% 360 5 I 0102149473 Loan Paid in Full 0 6.490% 360 5 I 0102151255 Loan Paid in Full 0 8.190% 360 5 I 0102152337 Loan Paid in Full 0 8.440% 360 5 I 0102157609 Loan Paid in Full 0 7.115% 360 5 I 0102157815 Loan Paid in Full 0 9.240% 360 5 I 0102159712 Loan Paid in Full 0 7.490% 360 5 I 0102159902 Loan Paid in Full 1 9.840% 360 5 I 0102161270 Loan Paid in Full (~~Gain~~1) ~~Loss~~9.985% ~~Group~~360 ~~Losses~~5 ~~Balance~~I ~~Amount~~0102164779 ~~Percentage~~Loan Paid in Full (1) 9.590% 360 5 I 0102165248 Loan Paid in Full 0 7.540% 360 5 I 0102167376 Loan Paid in Full 0 7.00940% 360 5 I 0102172962 Loan Paid in Full 0 8.00190% 360 5 I 0102173192 Loan Paid in Full (1) 7.340% 360 5 I 0102173689 Loan Paid in Full 0 5.~~000~~990% 360 5 II 0102108065 Loan Paid in Full 0 8.990% 360 7 II 0102108768 Loan Paid in Full 0 8.00890% 360 7 II 0102108883 Loan Paid in Full 0 6.00790% 360 7 II 0102114550 Loan Paid in Full (1) 6.190% 360 7 II 0102115235 Loan Paid in Full 0 9.~~000~~190% ~~Total~~120 7 II 0102115631 Loan Paid in Full 0 10.790% 360 7 II 0102116118 Loan Paid in Full 1 8.440% 360 7 II 0102116316 Loan Paid in Full 0 9.00340% 312 7 II 0102116399 Loan Paid in Full 0 6.00490% 360 7 II 0102118841 Loan Paid in Full 0 7.~~000~~340% 156 7 II 0102118932 Loan Paid in Full 0 9.090% 120 7 II 0102119344 Loan Paid in Full 0 8.540% 360 7 II 0102119625 Loan Paid in Full 0 9.540% 360 7 II 0102119658 Loan Paid in Full 0 7.790% 288 7 II 0102120193 Loan Paid in Full 0 6.090% 360 6 II 0102120698 Loan Paid in Full 0 6.590% 180 7 II 0102120946 Loan Paid in Full (1) 6.690% 180 7 II 0102121910 Loan Paid in Full 0 8.790% 180 6 II 0102122611 Loan Paid in Full 0 6.728% 360 7 II 0102122835 Loan Paid in Full 0 8.690% 180 6 II 0102123684 Loan Paid in Full 0 9.640% 360 6 II 0102125028 Loan Paid in Full 0 7.500% 360 6 II 0102126018 Loan Paid in Full 0 6.840% 168 6 II 0102130366 Loan Paid in Full 0 6.140% 360 6 II 0102131356 Loan Paid in Full 0 6.590% 360 6 II 0102131497 Loan Paid in Full 0 10.590% 360 6 II 0102131687 Loan Paid in Full 0 8.540% 360 6 II 0102133808 Loan Paid in Full 0 6.940% 360 6 II 0102134996 Loan Paid in Full 0 8.140% 360 6 II 0102135886 Loan Paid in Full (1) 8.890% 156 5 II 0102136041 Loan Paid in Full 0 6.790% 360 6 II 0102136330 Loan Paid in Full 0 7.328% 360 6 II 0102136447 Loan Paid in Full 0 8.790% 360 8 II 0102137684 Loan Paid in Full 0 9.190% 360 6 II 0102138450 Loan Paid in Full 0 8.990% 168 6 II 0102139276 Loan Paid in Full 0 8.340% 360 6 II 0102140621 Loan Paid in Full 0 10.240% 192 6 II 0102142601 Loan Paid in Full 0 8.190% 180 5 II 0102143021 Loan Paid in Full 0 6.640% 180 5 II 0102144359 Loan Paid in Full 0 8.090% 360 5 II 0102145117 Loan Paid in Full 0 7.990% 156 5 II 0102146271 Loan Paid in Full 0 8.540% 360 6 II 0102146370 Loan Paid in Full (2) 5.890% 252 5 II 0102149606 Loan Paid in Full (1) 9.490% 240 5 II 0102151149 Loan Paid in Full 0 8.190% 360 5 II 0102152956 Loan Paid in Full 0 9.490% 360 5 II 0102157344 Loan Paid in Full 0 7.890% 168 5 II 0102160322 Loan Paid in Full 0 10.240% 360 5 II 0102161403 Loan Paid in Full 0 6.890% 360 5 II 0102163854 Loan Paid in Full (1) 7.040% 108 5 II 0102167186 Loan Paid in Full 0 9.790% 360 5 II 0102167897 Loan Paid in Full 0 9.090% 360 5 II 0102168879 Loan Paid in Full (1) 7.990% 360 5 II 0102173598 Loan Paid in Full (1) 6.790% 360 5

Prepayment - Voluntary Prepayments

~~Realized~~Summary ~~Loss~~SMM ~~Loan~~CPR ~~Detail~~PSA ~~Report~~Current Month 1.766% Current Month 19.250% Current Month 1,669.830% 3 Month Average 1.643% 3 Month Average 18.014% 3 Month Average 1,952.775% 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. Jan-2005 ~~Loans~~N/A ~~With~~N/A ~~Losses~~Jan-2005 ~~during~~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 3.096% N/A Jul-2005 2,012.999% N/A Aug-2005 3.400% N/A Aug-2005 961.246% N/A Sep-2005 13.817% N/A Sep-2005 2,497.727% N/A Oct-2005 19.259% N/A Oct-2005 2,558.306% N/A Nov-2005 15.533% N/A Nov-2005 1,630.188% N/A Dec-2005 19.250% N/A Dec-2005 1,669.830% 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. I SMM CPR PSA Current ~~Period~~Month ~~Original~~3.282% Current ~~Loan~~Month ~~Principal~~33.001% ~~Note~~Current ~~LTV~~Month 2,890.692% 3 Month Average 2.926% 3 Month Average 29.944% 3 Month Average 3,241.505% 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. 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 6.953% N/A Jul-2005 4,818.585% N/A Aug-2005 4.298% N/A Aug-2005 1,249.459% N/A Sep-2005 20.120% N/A Sep-2005 3,706.632% N/A Oct-2005 27.473% N/A Oct-2005 3,709.870% N/A Nov-2005 29.358% N/A Nov-2005 3,123.954% N/A Dec-2005 33.001% N/A Dec-2005 2,890.692% 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 ~~Original~~monthly ~~Group~~bond ~~Number~~remittance report can be viewed online at www.ctslink.com. www.ctslink.com. II SMM CPR PSA Current Month 1.323% Current Month 14.771% Current Month 1,277.722% 3 Month Average 1.263% 3 Month Average 14.120% 3 Month Average 1,540.526% 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. 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 1.893% N/A Jul-2005 1,208.145% N/A Aug-2005 3.126% N/A Aug-2005 876.501% N/A Sep-2005 11.817% N/A Sep-2005 2,124.301% N/A Oct-2005 16.626% N/A Oct-2005 2,197.830% N/A Nov-2005 10.963% N/A Nov-2005 1,146.027% N/A Dec-2005 14.771% N/A Dec-2005 1,277.722% 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 ~~State~~(CPR): ~~Origination~~1 ~~Term~~- No((1 ~~losses~~- ~~this~~SMM)^12) ~~period~~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~~Modifications ~~Loss~~ Loan ~~Detail~~Beginning ~~Report - Loans With Losses during~~ Current ~~Period~~Prior ~~(continued)~~Modified Prior ~~Cumulative~~Modified ~~Loan~~Number ~~Principal~~Balance ~~Realized~~Balance ~~Realized~~Rate ~~Group~~Rate ~~Number~~Payment ~~Balance~~Payment ~~Loss/(Gain) Loss/(Gain)~~ No ~~losses~~Modifications this ~~period.~~Period

~~MDR~~Substitutions ~~SDA~~Loans ~~Current~~Repurchased ~~Month~~Loans ~~0.000%~~Substituted ~~Current~~Loan ~~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~~Loan ~~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 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~~Number ~~0.000%~~Balance 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 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 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. I 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 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 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 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 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. II 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 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 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 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 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. Calculation Methodology: Monthly Default Rate ~~(MDR):~~Payment ~~sum(Beg~~Number ~~Principal~~ Balance ~~of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default~~ Rate ~~(CDR):~~Payment ~~1-((1-MDR)^12)~~No ~~SDA~~Substitutions ~~Standard~~this 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)Period

Filing Compare · RENAISSANCE HOME EQUITY LOAN TRUST 2005-2