8-K 1 mit05002_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 MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2005-2 (Exact name of registrant as specified in its charter) New York (governing law of 333-119686-03 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 MORTGAGE IT TRUST, Mortgage-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 Mortgage-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. MORTGAGE IT TRUST Mortgage-Backed Notes, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/30/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-2 Trust, relating to the December 27, 2005 distribution. EX-99.1 MortgageIT Trust Mortgage-Backed Notes Record Date: 11/30/2005 Distribution Date: 12/27/2005 MortgageIT Trust Mortgage-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

MortgageIT Trust Mortgage-Backed Notes Record Date: 7/29/2005 Distribution Date: 8/25/2005 MortgageIT Trust Mortgage-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 Certificateholder Distribution Summary ~~Certificate~~Class CUSIP Certificate Beginning ~~Class~~Interest Pass-Through Certificate ~~Interest~~Distribution ~~Class CUSIP Description~~ Rate Balance ~~Distribution~~ 1-A-1 61915RAA4 ~~A 3~~4.~~72000~~45375% ~~427~~381,~~891~~050,~~253~~996.3873 1,~~326~~414,~~462~~254.8990 1-A-2 61915RAB2 ~~A 3~~4.~~79000~~52375% 4742,~~548~~343,~~302~~301.7605 ~~150~~159,~~173~~625.3942 1-M-1 61915RAD8 ~~M 3~~4.~~90000~~63375% 4843,~~400~~102,~~720~~407.9502 ~~157~~166,~~302~~438.3415 1-M-2 61915RAE6 M 4.~~00000~~73375% 2421,~~627~~931,~~514~~598.6107 8286,~~091~~515.7259 1-B-1 61915RAH9 ~~B 4~~5.~~41000~~14375% 1412,~~033~~497,~~714~~476.1926 5153,~~573~~569.9091 2-A 61915RAC0 A 4.75000% 5953,~~200~~710,~~555~~765.4969 ~~234~~212,~~335~~605.5311 2-M-1 61915RAF3 M 4.75000% 5,~~570~~053,~~154~~622.3442 2220,~~048~~003.5392 2-M-2 61915RAG1 M 4.75000% 2,~~231~~024,~~960~~986.3606 8,~~834~~015.8457 2-B-1 61915RAJ5 B 4.75000% 1,~~393~~264,~~756~~510.9095 5,~~516~~005.9536 Owner Trust MIT0501OT OT 0.00000% 0.00 ~~719~~334,~~132~~266.7843 Totals ~~630~~562,~~897~~979,~~932~~664.9825 2,~~757~~460,~~472~~300.8736

Certificateholder Distribution Summary (continued) Class Principal Current Ending ~~Cumulative~~Total ~~Principal~~Cummulative Distribution Realized Certificate ~~Total~~Distribution Realized ~~Class Distribution~~ Loss Balance ~~Distribution~~ Losses 1-A-1 96,~~926~~733,~~061~~559.5217 0.00 ~~417~~374,~~965~~317,~~191~~437.8756 118,~~252~~147,~~524~~814.4107 0.00 1-A-2 1748,~~103,007~~249.7725 0.00 4641,~~445~~595,~~294~~051.9980 1907,~~253,181~~874.1667 0.00 1-M-1 1761,~~122,781~~663.8543 0.00 4742,~~277~~340,~~939~~743.1059 1928,~~280,084~~101.1958 0.00 1-M-2 ~~571~~387,~~299~~553.8967 0.00 2421,~~056~~544,~~214~~044.7240 ~~653~~474,~~391~~069.6126 0.00 1-B-1 ~~325~~220,~~548~~843.8613 0.00 1312,~~708~~276,~~165~~633.3313 ~~377~~274,~~122~~413.7604 0.00 2-A 1668,~~339,088~~688.8125 0.00 5753,~~861~~042,~~466~~077.6945 1881,~~573,424~~293.3436 0.00 2-M-1 ~~125~~62,~~994~~916.2858 0.00 54,~~444~~990,~~160~~705.0684 ~~148~~82,~~042~~920.8150 0.00 2-M-2 5025,~~485~~210.9067 0.00 21,~~181~~999,~~474~~775.4639 5933,~~320~~226.7424 0.00 2-B-1 3115,~~526~~742.1391 0.00 1,~~362~~248,~~230~~768.7804 3720,~~043~~748.0827 0.00 Owner Trust 0.00 0.00 0.00 ~~719~~334,~~132~~266.7843 0.00 Totals 149,~~595~~624,~~795~~427.0106 0.00 ~~616~~553,~~302~~355,~~138~~237.0020 1712,~~353~~084,~~267~~727.8842 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~~) 1~~-A-1 452,780,000.00 ~~427~~381,~~891~~050,~~253~~996.3873 0.00 96,~~926~~733,~~061~~559.5217 0.00 0.00 1-A-2 50,314,000.00 4742,~~548~~343,~~302~~301.7605 0.00 1748,~~103,007~~249.7725 0.00 0.00 1-M-1 51,216,000.00 4843,~~400~~102,~~720~~407.9502 0.00 1761,~~122,781~~663.8543 0.00 0.00 1-M-2 26,060,000.00 2421,~~627~~931,~~514~~598.6107 0.00 ~~571~~387,~~299~~553.8967 0.00 0.00 1-B-1 14,850,000.00 1412,~~033~~497,~~714~~476.1926 0.00 ~~325~~220,~~548~~843.8613 0.00 0.00 2-A 60,740,000.00 5953,~~200~~710,~~555~~765.4969 0.00 1668,~~339,088~~688.8125 0.00 0.00 2-M-1 5,715,000.00 5,~~570~~053,~~154~~622.3442 0.00 ~~125~~62,~~994~~916.2858 0.00 0.00 2-M-2 2,290,000.00 2,~~231~~024,~~960~~986.3606 0.00 5025,~~485~~210.9067 0.00 0.00 2-B-1 1,430,000.00 1,~~393~~264,~~756~~510.9095 0.00 3115,~~526~~742.1391 0.00 0.00 Owner Trust 0.00 0.00 0.00 0.00 0.00 0.00 Totals 665,395,000.00 ~~630~~562,~~897~~979,~~932~~664.9825 0.00 149,~~595~~624,~~795~~427.0106 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 1-A-1 96,~~926~~733,~~061~~559.5217 ~~417~~374,~~965~~317,~~191~~437.8756 0.~~92310878~~826709 96,~~926~~733,~~061~~559.5217 1-A-2 1748,~~103,007~~249.7725 4641,~~445~~595,~~294~~051.9980 0.~~92310878~~826709 1748,~~103,007~~249.7725 1-M-1 1761,~~122,781~~663.8543 4742,~~277~~340,~~939~~743.1059 0.~~92310878~~826709 1761,~~122,781~~663.8543 1-M-2 ~~571~~387,~~299~~553.8967 2421,~~056~~544,~~214~~044.7240 0.~~92310878~~826709 ~~571~~387,~~299~~553.8967 1-B-1 ~~325~~220,~~548~~843.86 13 12,~~708~~276,~~165~~633.3313 0.~~92310878~~826709 ~~325~~220,~~548~~843.8613 2-A 1668,~~339,088~~688.8125 5753,~~861~~042,~~466~~077.6945 0.~~95260893~~873264 1668,~~339,088~~688.8125 2-M-1 ~~125~~62,~~994~~916.2858 54,~~444~~990,~~160~~705.0684 0.~~95260893~~873264 ~~125~~62,~~994~~916.2858 2-M-2 5025,~~485~~210.9067 21,~~181~~999,~~474~~775.4639 0.~~95260893~~873264 5025,~~485~~210.9067 2-B-1 3115,~~526~~742.1391 1,~~362~~248,~~230~~768.7804 0.~~95260894~~873264 3115,~~526~~742.1391 Owner Trust 0.00 0.00 0.~~00000000~~000000 0.00 Totals 149,~~595~~624,~~795~~427.0106 ~~616~~553,~~302~~355,~~138~~237.0020 0.~~92621997~~831619 149,~~595~~624,~~795~~427.0106

Principal Distribution Factors Statement Class Original Beginning Scheduled ~~Unscheduled~~UnScheduled Accretion Face Certificate Principal Principal ~~Class (2)~~ Amount Balance Distribution Distribution ~~Accretion~~ 1-A-1 452,780,000.00 ~~945~~841.~~03125885~~580893 0.~~00000000~~000000 2114.~~92248227~~871591 0.~~00000000~~000000 1-A-2 50,314,000.00 ~~945~~841.~~03125889~~580893 0.~~00000000~~000000 2114.~~92248221~~871591 0.~~00000000~~000000 1-M-1 51,216,000.00 ~~945~~841.~~03125879~~580893 0.~~00000000~~000000 2114.~~92248223~~871591 0.~~00000000~~000000 1-M-2 26,060,000.00 ~~945~~841.~~03125902~~580893 0.~~00000000~~000000 2114.~~92248235~~871591 0.~~00000000~~000000 1-B-1 14,850,000.00 ~~945~~841.~~03125859~~580893 0.~~00000000~~000000 2114.~~92248215~~871591 0.~~00000000~~000000 2-A 60,740,000.00 ~~974~~884.~~65517764~~273390 0.~~00000000~~000000 2211.~~04624317~~009026 0.~~00000000~~000000 2-M-1 5,715,000.00 ~~974~~884.~~65517760~~273389 0.~~00000000~~000000 2211.~~04624322~~009025 0.~~00000000~~000000 2-M-2 2,290,000.00 ~~974~~884.~~65517904~~273389 0.~~00000000~~000000 2211.~~04624454~~009026 0.~~00000000~~000000 2-B-1 1,430,000.00 ~~974~~884.~~65517483~~273392 0.~~00000000~~000000 2211.~~04624476~~009028 0.~~00000000~~000000 Owner Trust 0.00 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total ~~Realized~~Loss Principal Certificate Certificate Principal ~~Class Loss (3)~~ Reduction Balance Percentage Distribution 1-A-1 0.~~00000000~~000000 2114.~~92248227~~871591 ~~923~~826.~~10877660~~709302 0.~~92310878~~826709 2114.~~92248227~~871591 1-A-2 0.~~00000000~~000000 2114.~~92248221~~871591 ~~923~~826.~~10877668~~709302 0.~~92310878~~826709 2114.~~92248221~~871591 1-M-1 0.~~00000000~~000000 2114.~~92248223~~871591 ~~923~~826.~~10877655~~709302 0.~~92310878~~826709 2114.~~92248223~~871591 1-M-2 0.~~00000000~~000000 2114.~~92248235~~871591 ~~923~~826.~~10877667~~709302 0.~~92310878~~826709 2114.~~92248235~~871591 1-B-1 0.~~00000000~~000000 2114.~~92248215~~871591 ~~923~~826.~~10877643~~709302 0.~~92310878~~826709 2114.~~92248215~~871591 2-A 0.~~00000000~~000000 2211.~~04624317~~009026 ~~952~~873.~~60893464~~264364 0.~~95260893~~873264 2211.~~04624317~~009026 2-M-1 0.~~00000000~~000000 2211.~~04624322~~009025 ~~952~~873.~~60893438~~264364 0.~~95260893~~873264 2211.~~04624322~~009025 2-M-2 0.~~00000000~~000000 2211.~~04624454~~009026 ~~952~~873.~~60893450~~264362 0.~~95260893~~873264 2211.~~04624454~~009026 2-B-1 0.~~00000000~~000000 2211.~~04624476~~009028 ~~952~~873.~~60893706~~264364 0.~~95260894~~873264 2211.~~04624476~~009028 Owner Trust 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~~ 1-A-1 ~~452,780,000.00~~11/25/05 3- 12/24/05 30 4.~~72000~~45375% ~~427~~381,~~891~~050,~~253~~996.3873 1,~~326~~414,~~462~~254.8990 0.00 ~~0.00~~ 1-A-2 ~~50,314,000.00~~11/25/05 3- 12/24/05 30 4.~~79000~~52375% 4742,~~548~~343,~~302~~301.7605 ~~150~~159,~~173~~625.3942 0.00 ~~0.00~~ 1-M-1 ~~51,216,000.00~~11/25/05 3- 12/24/05 30 4.~~90000~~63375% 4843,~~400~~102,~~720~~407.9502 ~~157~~166,~~302~~438.3415 0.00 ~~0.00~~ 1-M-2 ~~26,060,000.00~~11/25/05 - 12/24/05 30 4.~~00000~~73375% 2421,~~627~~931,~~514~~598.6107 8286,~~091~~515.7259 0.00 ~~0.00~~ 1-B-1 ~~14,850,000.00~~11/25/05 4- 12/24/05 30 5.~~41000~~14375% 1412,~~033~~497,~~714~~476.1926 5153,~~573~~569.9091 0.00 ~~0.00~~ 2-A ~~60,740,000.00~~11/01/05 - 11/30/05 30 4.75000% 5953,~~200~~710,~~555~~765.4969 ~~234~~212,~~335~~605.5311 0.00 ~~0.00~~ 2-M-1 ~~5,715,000.00~~11/01/05 - 11/30/05 30 4.75000% 5,~~570~~053,~~154~~622.3442 2220,~~048~~003.5392 0.00 ~~0.00~~ 2-M-2 ~~2,290,000.00~~11/01/05 - 11/30/05 30 4.75000% 2,~~231~~024,~~960~~986.3606 8,~~834~~015.8457 0.00 ~~0.00~~ 2-B-1 ~~1,430,000.00~~11/01/05 - 11/30/05 30 4.75000% 1,~~393~~264,~~756~~510.9095 5,~~516~~005.9536 0.00 ~~0.00~~ Owner Trust ~~0.00~~N/A N/A 0.00000% 0.00 0.00 0.00 ~~0.00~~ Totals ~~665,395,000.00~~ 2,~~038~~126,~~340~~033.0993 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 1-A-1 0.00 0.00 1,~~326~~414,~~462~~254.8990 0.00 ~~417~~374,~~965~~317,~~191~~437.8756 1-A-2 0.00 0.00 ~~150~~159,~~173~~625.3942 0.00 4641,~~445~~595,~~294~~051.9980 1-M-1 0.00 0.00 ~~157~~166,~~302~~438.3415 0.00 4742,~~277~~340,~~939~~743.1059 1-M-2 0.00 0.00 8286,~~091~~515.7259 0.00 2421,~~056~~544,~~214~~044.7240 1-B-1 0.00 0.00 5153,~~573~~569.9091 0.00 1312,~~708~~276,~~165~~633.3313 2-A 0.00 0.00 ~~234~~212,~~335~~605.5311 0.00 5753,~~861~~042,~~466~~077.6945 2-M-1 0.00 0.00 2220,~~048~~003.5392 0.00 54,~~444~~990,~~160~~705.0684 2-M-2 0.00 0.00 8,~~834~~015.8457 0.00 21,~~181~~999,~~474~~775.4639 2-B-1 0.00 0.00 5,~~516~~005.9536 0.00 1,~~362~~248,~~230~~768.7804 Owner Trust 0.00 0.00 ~~719~~334,~~132~~266.7843 0.00 0.00 Totals 0.00 0.00 2,~~757~~460,~~472~~300.8736 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~~ 1-A-1 11/25/05 - 12/24/05 452,780,000.00 34.~~72000~~45375% ~~945~~841.~~03125885~~580893 23.~~92959691~~123492 0.~~00000000~~000000 ~~0.00000000~~ 1-A-2 11/25/05 - 12/24/05 50,314,000.00 34.~~79000~~52375% ~~945~~841.~~03125889~~580893 23.~~98472373~~172585 0.~~00000000~~000000 ~~0.00000000~~ 1-M-1 11/25/05 - 12/24/05 51,216,000.00 34.~~90000~~63375% ~~945~~841.~~03125879~~580893 3.~~07135153~~249730 0.~~00000000~~000000 ~~0.00000000~~ 1-M-2 11/25/05 - 12/24/05 26,060,000.00 4.~~00000~~73375% ~~945~~841.~~03125902~~580893 3.~~15010437~~319861 0.~~00000000~~000000 ~~0.00000000~~ 1-B-1 11/25/05 - 12/24/05 14,850,000.00 45.~~41000~~14375% ~~945~~841.~~03125859~~580893 3.~~47298990~~607401 0.~~00000000~~000000 ~~0.00000000~~ 2-A 11/01/05 - 11/30/05 60,740,000.00 4.75000% ~~974~~884.~~65517764~~273390 3.~~85801004~~500249 0.~~00000000~~000000 ~~0.00000000~~ 2-M-1 11/01/05 - 11/30/05 5,715,000.00 4.75000% ~~974~~884.~~65517760~~273389 3.~~85801050~~500248 0.~~00000000~~000000 ~~0.00000000~~ 2-M-2 11/01/05 - 11/30/05 2,290,000.00 4.75000% ~~974~~884.~~65517904~~273389 3.~~85800873~~500249 0.~~00000000~~000000 ~~0.00000000~~ 2-B-1 11/01/05 - 11/30/05 1,430,000.00 4.75000% ~~974~~884.~~65517483~~273392 3.~~85800699~~500252 0.~~00000000~~000000 ~~0.00000000~~ Owner ~~Trust~~TrustN/A 0.00 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 1-A-1 0.~~00000000~~000000 0.~~00000000~~000000 23.~~92959691~~123492 0.~~00000000~~000000 ~~923~~826.~~10877660~~709302 1-A-2 0.~~00000000~~000000 0.~~00000000~~000000 23.~~98472373~~172585 0.~~00000000~~000000 ~~923~~826.~~10877668~~709302 1-M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~07135153~~249730 0.~~00000000~~000000 ~~923~~826.~~10877655~~709302 1-M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~15010437~~319861 0.~~00000000~~000000 ~~923~~826.~~10877667~~709302 1-B-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~47298990~~607401 0.~~00000000~~000000 ~~923~~826.~~10877643~~709302 2-A 0.~~00000000~~000000 0.~~00000000~~000000 3.~~85801004~~500249 0.~~00000000~~000000 ~~952~~873.~~60893464~~264364 2-M-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~85801050~~500248 0.~~00000000~~000000 ~~952~~873.~~60893438~~264364 2-M-2 0.~~00000000~~000000 0.~~00000000~~000000 3.~~85800873~~500249 0.~~00000000~~000000 ~~952~~873.~~60893450~~264362 2-B-1 0.~~00000000~~000000 0.~~00000000~~000000 3.~~85800699~~500252 0.~~00000000~~000000 ~~952~~873.~~60893706~~264364 Owner Trust 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 0.~~00000000~~000000 (61,2) Amount ~~Does~~also ~~Not~~includes ~~Include~~coupon ~~Excess~~cap ~~Special Hazard, Bankruptcy,~~or ~~Fraud~~basis ~~Losses~~risk ~~Unless~~shortfalls,if ~~Otherwise Disclosed~~applicable. ~~Please~~Per ~~Refer~~$1 ~~to the Prospectus Supplement for a Full Description~~denomination.

~~CERTIFICATEHOLDER~~Certificateholder ~~ACCOUNT~~Component ~~STATEMENT~~Statement ~~CERTIFICATE~~Component ~~ACCOUNT~~ Beginning ~~Balance~~Ending ~~0.00~~Beginning ~~Deposits~~Ending ~~Payments~~Ending ofPass-Through ~~Interest~~Notional ~~and~~Notional ~~Principal~~Component ~~17,457,052.34~~Component ~~Liquidations,~~Component ~~Insurance~~Class ~~Proceeds,~~Rate ~~Reserve~~Balance ~~Funds~~Balance ~~0.00~~Balance Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 35,708.41 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 17,492,760.75 Withdrawals Reimbursement for Servicer Advances 5,514.81 Payment of Service Fee 133,978.06 Payment of Interest and Principal 17,353,267.88 Total Withdrawals (Pool Distribution Amount) 17,492,760.75 Ending Balance ~~0.00~~Percentage

~~SERVICING~~ADMINISTRATION FEES Gross Servicing Fee* ~~133~~119,~~978~~828.0693 Supported Prepayment/Curtailment Interest Shortfall 0.00 ~~Net~~Total ~~Servicing~~Administration ~~Fee~~Fees ~~133~~119,~~978~~828.0693 *Servicer Payees include: GMAC MTG CORP

~~LOAN~~COLLATERAL ~~STATUS STRATIFICATION/CREDIT ENHANCEMENT~~ STATEMENT ~~DELINQUENT~~Collateral ~~BANKRUPTCY~~Description ~~FORECLOSURE~~Mixed ~~REO~~ARM ~~Total~~Weighted NoAverage ofGross ~~Loans~~Coupon No5.382965% ofWeighted ~~Loans~~Average NoNet ofCoupon ~~Loans~~5.132965% NoWeighted ofAverage ~~Loans~~Pass-Through NoRate of5.132965% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Remaining ~~Principal~~Term ~~Balance~~351 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~1,981 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~33 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count 231,948 0Beginning 0Scheduled 0Collateral 23Balance 7575,~~044~~176,~~913~~420.5915 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 7Balance 565,~~044~~551,~~913~~993.5909 60Ending ~~Days~~Actual 2Collateral 0Balance 0at 030-Nov-2005 ~~2 386~~565,~~623.72 0.00 0.00 0.00 386~~640,~~623~~253.7262 90Monthly ~~Days~~P&I 0Constant 0 2 ~~0 2 0.00 0.00 439~~,~~968.99 0.00 439~~725,~~968~~669.9933 ~~120~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~0.00~~Waived Amount 0.00 ~~150~~Prepayment ~~Days~~Penalty 0Waived 0Count 0 0Prepayment 0Penalty ~~0.00~~Paid ~~0.00~~Amount 0.00 ~~0.00~~Prepayment ~~0.00~~Penalty ~~180+~~Paid ~~Days~~Count 0 0Realized 0Loss 0Amount 0 0.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 0.00 ~~Totals~~Scheduled 25Principal ~~0 2 0 27 7~~145,~~431,537~~540.3150 ~~0.00~~Unscheduled ~~439,968.99~~Principal ~~0.00 7~~9,~~871~~478,~~506~~886.3056 NoRequired ofOvercollateralized ~~Loans~~Amount ~~No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance~~ 0~~-29 Days 0~~.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Increase ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Reduction ~~0.000000%~~Amount ~~30 Days 1.070764%~~ 0.~~000000%~~00 ~~0.000000%~~Specified ~~0.000000%~~O/C ~~1.070764%~~Amount ~~1.120753%~~ 0.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Amount 112,196,755.~~120753% 60 Days 0.093110% 0.000000% 0.000000% 0.000000% 0.093110% 0.061507% 0.000000% 0.000000% 0.000000% 0.061507%~~ 90 ~~Days~~Overcollateralized ~~0.000000%~~Deficiency ~~0.000000%~~Amount 0.~~093110%~~00 ~~0.000000%~~Base ~~0.093110%~~Overcollateralization ~~0.000000%~~Amount 0.000000% 0.069993% 0.000000% 0.069993% 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 1.163873% 0.000000% 0.093110% 0.000000% 1.256983% 1.182260% 0.000000% 0.069993% 0.000000% 1.252253%00

~~DELINQUENT~~Group ~~BANKRUPTCY~~Level ~~FORECLOSURE~~Collateral ~~REO~~Statement ~~Total~~Group 1 No2 ofTotal ~~Loans~~Collateral NoDescription ofMixed ~~Loans~~ARM NoMixed ofARM ~~Loans~~Mixed NoARM ofWeighted ~~Loans~~Average NoCoupon ofRate ~~Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0~~5.00422071 05.00066959 05.00382965 ~~0.00~~Weighted 30Average ~~Days~~Net 23Rate ~~0 0 0 23 7,044,913~~5.59172071 04.00816959 05.00132965 ~~0.00~~Weighted ~~7,044,913.59~~Average 60Remaining ~~Days~~Term 2351 0351 0351 0Beginning 2Loan ~~386~~Count 1,~~623.72~~799 ~~0.00~~182 ~~0.00 0.00 386~~1,~~623.72~~981 90Loans ~~Days~~Paid 0In 0Full 231 0 2 ~~0.00~~33 ~~0.00~~Ending ~~439,968.99~~Loan ~~0.00~~Count ~~439~~1,~~968.99~~768 ~~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~~1,948 0Beginning 0Scheduled 0Balance ~~0 0 0~~511,836,257.0085 063,340,162.0030 0575,176,420.0015 ~~0.00~~Ending ~~0.00~~Scheduled ~~Totals~~Balance ~~25 0 2 0 27 7~~502,~~431~~984,~~537~~389.3120 ~~0.00 439~~62,~~968~~567,603.9989 ~~0.00 7~~565,~~871~~551,~~506~~993.3009 ~~0-29~~Record ~~Days~~Date ~~0.000000%~~11/30/2005 ~~0.000000%~~11/30/2005 ~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%~~ 11/30/2005 ~~Days~~Principal ~~1.177073%~~And ~~0.000000%~~Interest ~~0.000000%~~Constant 02,437,070.~~000000%~~74 1288,598.~~177073%~~59 12,725,669.~~257032%~~33 ~~0.000000%~~Scheduled ~~0.000000%~~Principal 0124,393.~~000000%~~56 121,146.~~257032%~~94 ~~60 Days 0~~145,540.~~102354%~~50 ~~0.000000%~~Unscheduled ~~0.000000%~~Principal 08,727,475.~~000000%~~09 0751,411.~~102354%~~47 09,478,886.~~068986%~~56 ~~0.000000%~~Scheduled ~~0.000000%~~Interest 02,312,677.~~000000%~~18 0267,451.~~068986%~~65 ~~90 Days 0~~2,580,128.~~000000%~~83 ~~0.000000%~~Servicing ~~0.102354%~~Fee 0106,632.~~000000%~~55 013,195.~~102354%~~87 0119,828.~~000000%~~42 ~~0.000000%~~Master ~~0.078504%~~Servicing ~~0.000000%~~Fee 0.~~078504%~~00 ~~120 Days~~ 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Trustee ~~0.000000%~~Fee 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 1.279427% 0.000000% 0.102354% 0.000000% 1.381781% 1.326017% 0.000000% 0.078504% 0.000000% 1.404522% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 ~~0.00~~FRY 30Amount ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Special ~~0.00~~Hazard 60Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Other ~~0.00~~Fee ~~90 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Pool ~~0.00~~Insurance ~~120~~Fee ~~Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~1 ~~150 Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~2 ~~180+ Days~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Spread ~~0.00~~3 ~~Totals~~ 0 ~~0 0 0 0 0~~.00 0.00 0.00 ~~0.00~~Net ~~0.00~~Interest ~~0-29 Days 0~~2,206,044.~~000000%~~63 0254,255.~~000000%~~78 02,460,300.~~000000%~~41 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 ~~30 Days~~ 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Percentage ~~0.000000%~~of ~~0.000000%~~Cumulative 60Losses ~~Days~~ 0.~~000000%~~0000 0.~~000000%~~0000 0.~~000000%~~0000 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Amount 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 90Prepayment ~~Days~~Penalty ~~0.000000%~~Waived ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Amount 0.~~000000%~~00 ~~120 Days~~ 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Prepayment ~~0.000000%~~Penalty ~~0.000000%~~Paid ~~0.000000%~~Count 0~~.000000%~~ 0~~.000000%~~ 0~~.000000%~~ ~~0.000000%~~Special ~~150~~Servicing ~~Days~~Fee 0.~~000000%~~00 0.~~000000%~~00 0.~~000000%~~00 ~~0.000000%~~Pass-Through ~~0.000000%~~Rate 05.~~000000%~~172071 04.~~000000%~~816959 05.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%132965

~~OTHER~~Additional ~~INFORMATION~~Reporting ~~Current~~- ~~Period~~Deal ~~Class~~Level AMiscellaneous ~~Insufficient~~Reporting ~~Funds~~Yield Maintenance 0.00 ~~Principal~~Average ~~Balance~~Loss ofSeverity ~~Contaminated~~Percent ~~Properties~~ 0.~~00 Periodic Advance 35,708.41~~000000%

~~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 12Excess ~~Month~~Spread ~~REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0~~325,640.~~000%~~60 ~~Original~~Excess ~~Principal~~Cash ~~Balance 0~~325,640.0060 ~~Oct-04~~Extra ~~0.000% Current~~ Principal ~~Balance~~Distribution 0.00 ~~Nov-04~~Overcollateralized ~~0.000%~~Amount ~~Dec-04 0~~10,910,478.~~000%~~72 ~~Current~~OC ~~REO~~Deficiency ~~Total~~Amount ~~Jan-05~~ 0.~~000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05~~OC ~~0.000%~~Target ~~Current Principal Balance 0~~10,910,478.0072 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 12Excess ~~Month~~Spread ~~REO History* New REO Loans Month REO Percentage Loans in REO 0 Sep-04 0~~8,625.~~000%~~83 ~~Original~~Excess ~~Principal~~Cash ~~Balance 0~~8,625.0083 ~~Oct-04~~Extra ~~0.000% Current~~ Principal ~~Balance~~Distribution 0.00 ~~Nov-04~~Overcollateralized ~~0.000%~~Amount ~~Dec-04 0~~1,286,277.~~000%~~17 ~~Current~~OC ~~REO~~Deficiency ~~Total~~Amount ~~Jan-05~~ 0.~~000% Loans in REO 0 Feb-05 0.000% Original Principal Balance 0.~~00 ~~Mar-05~~OC ~~0.000%~~Target ~~Current Principal Balance 0~~1,286,277.00 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.17

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 20 ~~Sep~~Jan-0405 0.000% Original Principal Balance ~~440,000~~0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance ~~439,968~~0.9900 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 23 ~~Feb~~Jun-05 0.000% Original Principal Balance ~~440~~719,~~000~~059.00 ~~Mar~~Jul-05 0.~~000~~084% Current Principal Balance ~~439~~715,~~968~~610.9978 ~~Apr~~Aug-05 0.~~000~~070% ~~May~~Sep-05 0.~~000~~136% ~~Jun~~Oct-05 0.~~000~~091% ~~Jul~~Nov-05 0.~~084~~124% ~~Aug~~Dec-05 0.~~070~~127% *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 20 ~~Sep~~Jan-0405 0.000% Original Principal Balance ~~440,000~~0.00 ~~Oct~~Feb-0405 0.000% Current Principal Balance ~~439,968~~0.9900 ~~Nov~~Mar-0405 0.000% ~~Dec~~Apr-0405 0.000% Current Foreclosure Total ~~Jan~~May-05 0.000% Loans in Foreclosure 23 ~~Feb~~Jun-05 0.000% Original Principal Balance ~~440~~719,~~000~~059.00 ~~Mar~~Jul-05 0.~~000~~094% Current Principal Balance ~~439~~715,~~968~~610.9978 ~~Apr~~Aug-05 0.~~000~~079% ~~May~~Sep-05 0.~~000~~153% ~~Jun~~Oct-05 0.~~000~~102% ~~Jul~~Nov-05 0.~~094~~140% ~~Aug~~Dec-05 0.~~079~~142% *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.

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance Group 1 ~~0040240285~~0040224262 ~~Aug~~Sep-2005 01-~~Mar~~Apr-2005 ORCA 42.83 312,659.00 Group 1 0040239621 Sep-2005 01-Feb-2005 CA 80.00 ~~148~~228,~~800~~000.00 Group 1 ~~0040267048~~0040269530 ~~Aug~~Nov-2005 01-May-2005 GAMN 80.00 ~~291~~178,~~200~~400.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest Group 1 ~~0040240285~~0040224262 ~~148~~309,~~768~~210.9978 01-~~Apr~~Dec-2005 3(1) 5.~~875~~250% 21,~~789~~289.4493 Group 1 ~~0040267048~~0040239621 ~~291~~228,~~200~~000.00 01-~~Apr~~Jul-2005 34 5.625% 6,128.45 Group 1 0040269530 178,400.00 01-Jun-2005 5 6.250% 6,~~217~~244.3200

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 5Percentage Loans in Bankruptcy 0 Jan-05 0.~~395381~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~0.00 5Feb-05 0.~~145382~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 0.00 Mar-~~Through~~05 ~~Rate~~0.000% 5Apr-05 0.~~145381~~000% ~~Weighted~~Current ~~Average~~Bankruptcy ~~Maturity(Stepdown~~Total ~~Calculation)~~May-05 ~~354~~0.000% ~~Beginning~~Loans ~~Scheduled~~in ~~Collateral~~Bankruptcy ~~Loan~~0 ~~Count~~Jun-05 ~~2,189~~0.000% ~~Number~~Original OfPrincipal ~~Loans~~Balance ~~Paid~~0.00 InJul-05 ~~Full~~0.000% 41Current ~~Ending~~Principal ~~Scheduled~~Balance ~~Collateral~~0.00 ~~Loan~~Aug-05 ~~Count~~0.000% ~~2,148~~Sep-05 ~~Beginning~~0.000% ~~Scheduled~~Oct-05 ~~Collateral~~0.000% ~~Balance~~Nov-05 ~~643,094,688~~0.89000% ~~Ending~~Dec-05 ~~Scheduled~~0.000% ~~Collateral~~*The ~~Balance~~text ~~628,498,893~~reported in the above table is presented graphically on the monthly bond remittance report.89 ~~Ending~~The ~~Actual~~monthly ~~Collateral~~bond ~~Balance~~remittance report can be viewed online at 29www.ctslink.com. Group 1 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-~~Jul-2005~~05 ~~628,587,649~~0.67000% ~~Monthly~~Original ~~P&I~~Principal ~~Constant~~Balance ~~3,045,683~~0.9900 ~~Special~~Feb-05 ~~Servicing~~0.000% ~~Fee~~Current Principal Balance 0.00 ~~Prepayment~~Mar-05 ~~Penalties~~0.000% Apr-05 0.00000% ~~Realized~~Current ~~Loss~~Bankruptcy ~~Amount~~Total May-05 0.00000% ~~Cumulative~~Loans ~~Realized~~in ~~Loss~~Bankruptcy 0 Jun-05 0.00000% ~~Scheduled~~Original Principal ~~154,233~~Balance 0.00 ~~Unscheduled~~Jul-05 0.000% Current Principal ~~14,441,562~~Balance 0.00 ~~Required~~Aug-05 ~~Overcollateralization~~0.000% ~~Amount~~Sep-05 0.00000% ~~Overcollateralized~~Oct-05 ~~Increase~~0.000% ~~Amount~~Nov-05 0.00000% ~~Overcollateralized~~Dec-05 ~~reduction~~0.000% ~~Amount~~*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 Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Specified~~Feb-05 ~~O/C~~0.000% ~~Amount~~Current Principal Balance 0.00 ~~Overcollateralized~~Mar-05 ~~Amount~~0.000% ~~12,196,755~~Apr-05 0.90000% ~~Overcollateralized~~Current ~~Deficiency~~Bankruptcy ~~Amount~~Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 ~~Base~~Jul-05 ~~Overcollateralized~~0.000% ~~Amount~~Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% 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.

~~Miscellaneous~~Bankruptcy ~~Reporting~~Detail ~~Yield~~- ~~Maintenance~~All ~~0.00~~Mortgage ~~Average~~Loans ~~Loss~~in ~~Severity~~Bankruptcy ~~Percent~~during ~~0.000000%~~Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance No Bankruptcy Loans this Period

~~Group~~Bankruptcy ~~Level~~Detail ~~Collateral~~- ~~Statement~~All ~~Group~~Mortgage 1Loans 2in ~~Total~~Bankruptcy ~~Collateral~~during ~~Description~~Current ~~Mixed~~Period ~~ARM~~(continued) ~~Mixed~~Group ~~ARM Mixed ARM Weighted Average Coupon Rate 5.435141 5.068201 5.395381 Weighted Average Net Rate 5.185141 4.818201 5.145382 Weighted Average Maturity 354 354 354 Beginning~~ Loan ~~Count~~Current ~~1,991~~Paid ~~198~~To ~~2,189~~Months ~~Loans~~Current ~~Paid~~Approximate InNumber ~~Full~~Principal 37Date 4Delinquent ~~41 Ending~~ Loan ~~Count~~Rate ~~1,954~~Delinquent ~~194 2,148 Beginning Scheduled~~ Balance ~~573,411,984.62 69,682,704.27 643,094,688.89 Ending Scheduled Balance 560,363,284.73 68,135,609.16 628,498,893.89 Record Date 07/29/2005 07/29/2005 07/29/2005 Principal And~~ Interest ~~Constant~~No ~~2,729,218.51~~Bankruptcy ~~316,465.48~~Loans ~~3,045,683.99~~this Scheduled Principal 132,072.50 22,160.50 154,233.00 Unscheduled Principal 12,916,627.39 1,524,934.61 14,441,562.00 Scheduled Interest 2,597,146.01 294,304.98 2,891,450.99 Servicing Fees 119,460.83 14,517.23 133,978.06 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 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 2,477,685.18 279,787.75 2,757,472.93 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 5.185141 4.818201 5.145381Period

Miscellaneous Reporting Group 1 Excess Spread 710,080.84 Excess Cash 710,080.84 Extra Principal Distribution 0.00 Overcollateralized Amount 10,910,478.72 OC Deficiency Amount 0.00 OC Target 10,910,478.72 Group 2 Excess Spread 9,051.94 Excess Cash 9,051.94 Extra Principal Distribution 0.00 Overcollateralized Amount 1,286,277.17 OC Deficiency Amount 0.00 OC Target 1,286,277.17

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 37 12,650,855.00 12,435,153.40 0 0.00 0.00 Group 2 4 1,513,100.00 1,510,051.61 0 0.00 0.00 Total 41 14,163,955.00 13,945,205.01 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 0.00 482,354.05 Group 2 0 0.00 0.00 0 0.00 0.00 15,496.37 Total 0 0.00 0.00 0 0.00 0.00 497,850.42

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 0040180163 CA 67.96 01-Sep-2004 350,000.00 349,191.28 Group 1 0040225591 CA 64.34 01-Feb-2005 341,000.00 340,997.77 Group 1 0040226493 AZ 68.97 01-Feb-2005 154,500.00 154,462.18 Group 1 0040229520 CA 80.00 01-Feb-2005 344,000.00 344,000.00 Group 1 0040231142 MA 65.99 01-Apr-2005 346,750.00 346,513.00 Group 1 0040237576 CA 77.91 01-Feb-2005 635,000.00 634,543.19 Group 1 0040241527 CA 74.98 01-Mar-2005 633,650.00 633,650.00 Group 1 0040241530 AZ 79.99 01-Feb-2005 183,900.00 183,457.27 Group 1 0040242374 AZ 80.00 01-Feb-2005 163,200.00 163,200.00 Group 1 0040242587 AZ 80.00 01-Mar-2005 189,600.00 189,600.00 Group 1 0040242857 CA 80.00 01-Mar-2005 160,000.00 160,000.00 Group 1 0040243549 CA 88.00 01-Mar-2005 154,000.00 152,763.22 Group 1 0040243642 AZ 79.24 01-Apr-2005 168,800.00 168,800.00 Group 1 0040243951 IL 84.38 01-Mar-2005 200,000.00 198,761.46 Group 1 0040244225 AZ 80.00 01-Mar-2005 220,800.00 220,755.15 Group 1 0040246582 OR 80.00 01-Mar-2005 176,000.00 174,627.26 Group 1 0040247853 AZ 79.97 01-Mar-2005 135,100.00 135,100.00 Group 1 0040248019 CA 80.00 01-Mar-2005 279,200.00 279,100.00 Group 1 0040250564 WA 79.55 01-Mar-2005 196,500.00 195,035.53 Group 1 0040250834 CA 80.00 01-Apr-2005 256,000.00 256,000.00 Group 1 0040250960 CA 80.00 01-Mar-2005 328,000.00 328,000.00 Group 1 0040252214 CO 80.00 01-Mar-2005 177,600.00 177,600.00 Group 1 0040253184 CA 74.66 01-Apr-2005 448,000.00 447,463.32 Group 1 0040254220 CA 70.00 01-Apr-2005 353,500.00 353,500.00 Group 1 0040254911 OR 80.00 01-Mar-2005 540,000.00 540,000.00 Group 1 0040255970 CA 80.00 01-Apr-2005 640,000.00 640,000.00 Group 1 0040256094 CA 79.42 01-Apr-2005 332,000.00 332,000.00 Group 1 0040256200 AZ 80.00 01-Apr-2005 172,000.00 172,000.00 Group 1 0040256595 CA 63.87 01-Apr-2005 359,600.00 150,997.71 Group 1 0040257760 CA 58.36 01-Apr-2005 541,000.00 541,000.00 Group 1 0040261648 CA 68.54 01-Apr-2005 730,000.00 730,000.00 Group 1 0040261801 CA 80.00 01-Apr-2005 647,200.00 647,200.00 Group 1 0040262107 CA 75.00 01-May-2005 637,500.00 637,500.00 Group 1 0040264066 CA 90.00 01-Apr-2005 296,055.00 296,055.00 Group 1 0040266018 AZ 80.00 01-May-2005 254,000.00 254,000.00 Group 1 0040266865 FL 80.00 01-Mar-2005 406,400.00 406,400.00 Group 1 0040267146 CA 68.49 01-Apr-2005 500,000.00 500,000.00 Group 2 0040230198 AZ 80.00 01-Feb-2005 584,000.00 583,739.91 Group 2 0040240415 CA 80.00 01-Mar-2005 416,800.00 416,800.00 Group 2 0040241710 CA 70.00 01-Mar-2005 307,300.00 305,112.06 Group 2 0040256602 CA 63.07 01-Apr-2005 205,000.00 203,786.27

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 0040180163 Loan Paid in Full 0 6.000% 360 11 Group 1 0040225591 Loan Paid in Full 0 5.375% 360 6 Group 1 0040226493 Loan Paid in Full (1) 5.875% 360 6 Group 1 0040229520 Loan Paid in Full 0 5.250% 360 6 Group 1 0040231142 Loan Paid in Full 0 5.500% 360 4 Group 1 0040237576 Loan Paid in Full (1) 6.500% 360 6 Group 1 0040241527 Loan Paid in Full (1) 5.500% 360 5 Group 1 0040241530 Loan Paid in Full 0 5.625% 360 6 Group 1 0040242374 Loan Paid in Full 0 5.625% 360 6 Group 1 0040242587 Loan Paid in Full (1) 5.375% 360 5 Group 1 0040242857 Loan Paid in Full (1) 6.250% 360 5 Group 1 0040243549 Loan Paid in Full (1) 4.875% 360 5 Group 1 0040243642 Loan Paid in Full 0 5.625% 360 4 Group 1 0040243951 Loan Paid in Full 0 5.875% 360 5 Group 1 0040244225 Loan Paid in Full 0 4.875% 360 5 Group 1 0040246582 Loan Paid in Full 0 4.625% 360 5 Group 1 0040247853 Loan Paid in Full 0 5.375% 360 5 Group 1 0040248019 Loan Paid in Full 0 5.625% 360 5 Group 1 0040250564 Loan Paid in Full (1) 4.875% 360 5 Group 1 0040250834 Loan Paid in Full 0 5.500% 360 4 Group 1 0040250960 Loan Paid in Full 0 4.875% 360 5 Group 1 0040252214 Loan Paid in Full 0 5.375% 360 5 Group 1 0040253184 Loan Paid in Full (1) 5.000% 360 4 Group 1 0040254220 Loan Paid in Full 0 5.375% 360 4 Group 1 0040254911 Loan Paid in Full 0 4.875% 360 5 Group 1 0040255970 Loan Paid in Full (1) 5.625% 360 4 Group 1 0040256094 Loan Paid in Full 0 5.375% 360 4 Group 1 0040256200 Loan Paid in Full (1) 6.375% 360 4 Group 1 0040256595 Loan Paid in Full 0 5.500% 360 4 Group 1 0040257760 Loan Paid in Full 0 5.625% 360 4 Group 1 0040261648 Loan Paid in Full 0 6.375% 360 4 Group 1 0040261801 Loan Paid in Full 0 5.500% 360 4 Group 1 0040262107 Loan Paid in Full 0 6.375% 360 3 Group 1 0040264066 Loan Paid in Full 0 5.500% 360 4 Group 1 0040266018 Loan Paid in Full 0 6.125% 360 3 Group 1 0040266865 Loan Paid in Full 0 5.500% 360 5 Group 1 0040267146 Loan Paid in Full 0 5.000% 360 4 Group 2 0040230198 Loan Paid in Full 0 5.000% 360 6 Group 2 0040240415 Loan Paid in Full 0 5.000% 360 5 Group 2 0040241710 Loan Paid in Full (1) 5.125% 360 5 Group 2 0040256602 Loan Paid in Full 0 5.125% 360 4

Summary SMM CPR PSA Current Month 2.246% Current Month 23.861% Current Month 2,524.831% 3 Month Average 2.114% 3 Month Average 22.608% 3 Month Average 3,185.629% 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 11.486% N/A May-2005 3,331.119% N/A Jun-2005 22.946% N/A Jun-2005 4,211.981% N/A Jul-2005 21.017% N/A Jul-2005 2,820.076% N/A Aug-2005 23.861% N/A Aug-2005 2,524.831% 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 2.253% Current Month 23.926% Current Month 2,534.212% 3 Month Average 2.200% 3 Month Average 23.424% 3 Month Average 3,305.492% 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 12.242% N/A May-2005 3,567.478% N/A Jun-2005 23.273% N/A Jun-2005 4,281.343% N/A Jul-2005 23.074% N/A Jul-2005 3,100.921% N/A Aug-2005 23.926% N/A Aug-2005 2,534.212% 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 2.189% Current Month 23.326% Current Month 2,448.148% 3 Month Average 1.395% 3 Month Average 15.037% 3 Month Average 2,098.781% 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 4.837% N/A May-2005 1,347.457% N/A Jun-2005 20.138% N/A Jun-2005 3,630.271% N/A Jul-2005 1.645% N/A Jul-2005 217.924% N/A Aug-2005 23.326% N/A Aug-2005 2,448.148% 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~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% 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 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A 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~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% 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 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 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~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% 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 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A 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~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% 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 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. 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~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% 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 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Sep~~Jan-~~2004~~2005 N/A N/A ~~Oct~~Feb-~~2004~~2005 N/A 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~~0.000% N/A ~~Jan~~May-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% N/A ~~Feb~~Jun-2005 ~~N/A~~0.000% 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 0.000% N/A ~~May~~Sep-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jun~~Oct-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Jul~~Nov-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A ~~Aug~~Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ~~www.~~ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Prepayment - Voluntary Prepayments

Filing Compare · MORTGAGEIT TRUST 2005-2, Mortgage-Backed Notes, Series 2005-2