10-D 1 mab06fr1_10d-200606.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-D ASSET-BACKED ISSUER DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from: May 26, 2006 to June 26, 2006 Commission File Number of issuing entity: 333-124678-19 MASTR Asset Backed Securities Trust 2006-FRE1 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-124678 Mortgage Asset Securitization Transactions, Inc. (Exact name of depositor as specified in its charter) UBS Real Estate Securities Inc. (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2195477 54-2195478 54-2195479 54-2195480 54-2195481 54-2195482 54-6696496 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices of the issuing entity) (Zip Code) (410) 884-2000 (Telephone number, including area code) Not Applicable (Former name, former address, if changed since last report) Registered/reporting pursuant to (check one) Title of Section Section Section Name of Exchange Class 12(b) 12(g) 15(d) (If Section 12(b)) A-1 _____ _____ __X___ ____________ A-2 _____ _____ __X___ ____________ A-3 _____ _____ __X___ ____________ A-4 _____ _____ __X___ ____________ CE _____ _____ __X___ ____________ M-1 _____ _____ __X___ ____________ M-2 _____ _____ __X___ ____________ M-3 _____ _____ __X___ ____________ M-4 _____ _____ __X___ ____________ M-5 _____ _____ __X___ ____________ M-6 _____ _____ __X___ ____________ M-7 _____ _____ __X___ ____________ M-8 _____ _____ __X___ ____________ M-9 _____ _____ __X___ ____________ P _____ _____ __X___ ____________ R _____ _____ __X___ ____________ R-X _____ _____ __X___ ____________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes __X__ No ____ Part I - DISTRIBUTION INFORMATION Item 1. Distribution and Pool Performance Information On June 26, 2006 a distribution was made to holders of MASTR Asset Backed Securities Trust 2006-FRE1. The distribution report is attached as an Exhibit to this Form 10-D. Please see Item 9(b), Exhibit 99.1 for the related information. Part II - OTHER INFORMATION Item 9. Exhibits. (a) The following is a list of documents filed as part of this Report on Form 10-D: (99.1) Monthly report distributed to holders of MASTR Asset Backed Securities Trust 2006-FRE1, relating to the June 26, 2006 distribution. (b) The exhibits required to be filed by Registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof. SIGNATURES 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 thereunto duly authorized. MASTR Asset Backed Securities Trust 2006-FRE1 (Issuing Entity) Wells Fargo Bank, N.A. (Master Servicer) /s/ Beth Belfield Beth Belfield, Officer Date: July 3, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of MASTR Asset Backed Securities Trust 2006-FRE1, relating to the June 26, 2006 distribution. EX-99.1 MASTR Asset Backed Securities Mortgage Pass-Through Certificates Distribution Date: 6/26/2006 MASTR Asset Backed Securities Mortgage Pass-Through Certificates Series 2006-FRE1 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 Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance A-1 57643LPL4 5.~~02938~~15125% ~~184~~173,~~429~~709,~~385~~380.1081 ~~772~~795,~~971~~395.2295 A-2 57643LPM2 5.~~07938~~20125% 67,353,000.00 ~~285~~311,~~092~~395.9037 A-3 57643LPN0 5.~~13938~~26125% 73,763,000.00 ~~315~~344,~~913~~964.4196 A-4 57643LPP5 5.~~24938~~37125% 34,405,000.00 ~~150~~164,~~504~~264.1076 M-1 57643LPQ3 5.~~31938~~44125% 21,886,000.00 97105,~~016~~855.6329 M-2 57643LPR1 5.~~33938~~46125% 17,603,000.00 7885,~~324~~452.2679 M-3 57643LPS9 5.~~35938~~48125% 9,277,000.00 4145,~~432~~199.4761 M-4 57643LPT7 5.~~46938~~59125% 8,564,000.00 3942,~~033~~563.1408 M-5 57643LPU4 5.~~49938~~62125% 7,136,000.00 3235,~~702~~656.9821 M-6 57643LPV2 5.~~58938~~71125% 6,899,000.00 3235,~~134~~023.2892 M-7 57643LPW0 6.~~15938~~28125% 6,423,000.00 3235,~~968~~861.0875 M-8 57643LPX8 6.~~40938~~53125% 8,564,000.00 4549,~~741~~718.6178 M-9 57643LPY6 7.~~45938~~58125% 4,757,000.00 2932,~~570~~056.2389 CE MORT06FRE1C 0.00000% 2,854,589.39 ~~858~~831,~~008~~493.6781 P MORT06FRE1P 0.00000% 100.00 ~~103~~102,~~312~~645.1597 R MORT06FRE1R 0.00000% 0.00 0.00 RX MORT06FRE1R 0.00000% 0.00 0.00 Totals ~~453~~443,~~914~~194,~~074~~070.4920 23,~~914~~017,~~726~~549.1314

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses A-1 1011,~~720~~471,~~004~~035.3017 0.00 ~~173~~162,~~709~~238,~~380~~345.8163 1112,~~492~~266,~~975~~431.5212 0.00 A-2 0.00 0.00 67,353,000.00 ~~285~~311,~~092~~395.9037 0.00 A-3 0.00 0.00 73,763,000.00 ~~315~~344,~~913~~964.4196 0.00 A-4 0.00 0.00 34,405,000.00 ~~150~~164,~~504~~264.1076 0.00 M-1 0.00 0.00 21,886,000.00 97105,~~016~~855.6329 0.00 M-2 0.00 0.00 17,603,000.00 7885,~~324~~452.2679 0.00 M-3 0.00 0.00 9,277,000.00 4145,~~432~~199.4761 0.00 M-4 0.00 0.00 8,564,000.00 3942,~~033~~563.1408 0.00 M-5 0.00 0.00 7,136,000.00 3235,~~702~~656.9821 0.00 M-6 0.00 0.00 6,899,000.00 3235,~~134~~023.2892 0.00 M-7 0.00 0.00 6,423,000.00 3235,~~968~~861.0875 0.00 M-8 0.00 0.00 8,564,000.00 4549,~~741~~718.6178 0.00 M-9 0.00 0.00 4,757,000.00 2932,~~570~~056.2389 0.00 CE 0.00 0.00 2,854,589.39 ~~858~~831,~~008~~493.6781 0.00 P 0.00 0.00 100.00 ~~103~~102,~~312~~645.1597 0.00 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 Totals 1011,~~720~~471,~~004~~035.3017 0.00 ~~443~~431,~~194~~723,~~070~~035.2002 1314,~~634~~488,~~730~~584.4331 0.00 As Master Servicer, Wells Fargo Bank, N.A. has independently calculated collateral information based on loan level data received from external parties, which may include the Servicers, Issuer and other parties to the transaction. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished to it by those third parties.

Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution A-1 206,280,000.00 ~~184~~173,~~429~~709,~~385~~380.1081 0.00 1011,~~720~~471,~~004~~035.3017 0.00 0.00 A-2 67,353,000.00 67,353,000.00 0.00 0.00 0.00 0.00 A-3 73,763,000.00 73,763,000.00 0.00 0.00 0.00 0.00 A-4 34,405,000.00 34,405,000.00 0.00 0.00 0.00 0.00 M-1 21,886,000.00 21,886,000.00 0.00 0.00 0.00 0.00 M-2 17,603,000.00 17,603,000.00 0.00 0.00 0.00 0.00 M-3 9,277,000.00 9,277,000.00 0.00 0.00 0.00 0.00 M-4 8,564,000.00 8,564,000.00 0.00 0.00 0.00 0.00 M-5 7,136,000.00 7,136,000.00 0.00 0.00 0.00 0.00 M-6 6,899,000.00 6,899,000.00 0.00 0.00 0.00 0.00 M-7 6,423,000.00 6,423,000.00 0.00 0.00 0.00 0.00 M-8 8,564,000.00 8,564,000.00 0.00 0.00 0.00 0.00 M-9 4,757,000.00 4,757,000.00 0.00 0.00 0.00 0.00 CE 2,854,798.00 2,854,589.39 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 0.00 Totals 475,764,898.00 ~~453~~443,~~914~~194,~~074~~070.4920 0.00 1011,~~720~~471,~~004~~035.3017 0.00 0.00

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 1011,~~720~~471,~~004~~035.3017 ~~173~~162,~~709~~238,~~380~~345.8163 0.~~84210481~~78649576 1011,~~720~~471,~~004~~035.3017 A-2 0.00 67,353,000.00 1.00000000 0.00 A-3 0.00 73,763,000.00 1.00000000 0.00 A-4 0.00 34,405,000.00 1.00000000 0.00 M-1 0.00 21,886,000.00 1.00000000 0.00 M-2 0.00 17,603,000.00 1.00000000 0.00 M-3 0.00 9,277,000.00 1.00000000 0.00 M-4 0.00 8,564,000.00 1.00000000 0.00 M-5 0.00 7,136,000.00 1.00000000 0.00 M-6 0.00 6,899,000.00 1.00000000 0.00 M-7 0.00 6,423,000.00 1.00000000 0.00 M-8 0.00 8,564,000.00 1.00000000 0.00 M-9 0.00 4,757,000.00 1.00000000 0.00 CE 0.00 2,854,589.39 0.99992693 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 RX 0.00 0.00 0.00000000 0.00 Totals 1011,~~720~~471,~~004~~035.3017 ~~443~~431,~~194~~723,~~070~~035.2002 0.~~93154008~~90742936 1011,~~720~~471,~~004~~035.3017

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution A-1 206,280,000.00 ~~894~~842.~~07303229~~10481292 0.00000000 5155.~~96821941~~60905163 0.00000000 A-2 67,353,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 73,763,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 34,405,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 21,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 17,603,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 9,277,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 8,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 7,136,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 6,899,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 6,423,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 8,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 4,757,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 2,854,798.00 999.92692653 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 0.00000000 5155.~~96821941~~60905163 ~~842~~786.~~10481292~~49576125 0.~~84210481~~78649576 5155.~~96821941~~60905163 A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.92692653 0.99992693 0.00000000 P 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 NOTE: All classes are Per 1,000 Denomination

Interest Distribution Statement Class Accrual Accrual Current Beginning Current Payment of Dates Days Certificate Certificate/ Accrued Unpaid Interest Rate Notional Interest Shortfall (1) Balance A-1 0405/25/06 - 0506/2425/06 3032 5.~~02938~~15125% ~~184~~173,~~429~~709,~~385~~380.1081 ~~772~~795,~~971~~395.2295 0.00 A-2 0405/25/06 - 0506/2425/06 3032 5.~~07938~~20125% 67,353,000.00 ~~285~~311,~~092~~395.9037 0.00 A-3 0405/25/06 - 0506/2425/06 3032 5.~~13938~~26125% 73,763,000.00 ~~315~~344,~~913~~964.4196 0.00 A-4 0405/25/06 - 0506/2425/06 3032 5.~~24938~~37125% 34,405,000.00 ~~150~~164,~~504~~264.1076 0.00 M-1 0405/25/06 - 0506/2425/06 3032 5.~~31938~~44125% 21,886,000.00 97105,~~016~~855.6329 0.00 M-2 0405/25/06 - 0506/2425/06 3032 5.~~33938~~46125% 17,603,000.00 7885,~~324~~452.2679 0.00 M-3 0405/25/06 - 0506/2425/06 3032 5.~~35938~~48125% 9,277,000.00 4145,~~432~~199.4761 0.00 M-4 0405/25/06 - 0506/2425/06 3032 5.~~46938~~59125% 8,564,000.00 3942,~~033~~563.1408 0.00 M-5 0405/25/06 - 0506/2425/06 3032 5.~~49938~~62125% 7,136,000.00 3235,~~702~~656.9821 0.00 M-6 0405/25/06 - 0506/2425/06 3032 5.~~58938~~71125% 6,899,000.00 3235,~~134~~023.2892 0.00 M-7 0405/25/06 - 0506/2425/06 3032 6.~~15938~~28125% 6,423,000.00 3235,~~968~~861.0875 0.00 M-8 0405/25/06 - 0506/2425/06 3032 6.~~40938~~53125% 8,564,000.00 4549,~~741~~718.6178 0.00 M-9 0405/25/06 - 0506/2425/06 3032 7.~~45938~~58125% 4,757,000.00 2932,~~570~~056.2389 ~~106~~769.7394 CE N/A N/A 0.00000% ~~453~~443,~~914~~194,~~074~~070.4919 0.00 0.00 P N/A N/A 0.00000% 100.00 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 RX N/A N/A 0.00000% 0.00 0.00 0.00 Totals 12,~~953~~083,~~405~~409.3136 ~~106~~769.7394

Interest Distribution Statement (continued) Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance A-1 0.00 0.00 ~~772~~795,~~971~~395.2295 0.00 ~~173~~162,~~709~~238,~~380~~345.8163 A-2 0.00 0.00 ~~285~~311,~~092~~395.9037 0.00 67,353,000.00 A-3 0.00 0.00 ~~315~~344,~~913~~964.4196 0.00 73,763,000.00 A-4 0.00 0.00 ~~150~~164,~~504~~264.1076 0.00 34,405,000.00 M-1 0.00 0.00 97105,~~016~~855.6329 0.00 21,886,000.00 M-2 0.00 0.00 7885,~~324~~452.2679 0.00 17,603,000.00 M-3 0.00 0.00 4145,~~432~~199.4761 0.00 9,277,000.00 M-4 0.00 0.00 3942,~~033~~563.1408 0.00 8,564,000.00 M-5 0.00 0.00 3235,~~702~~656.9821 0.00 7,136,000.00 M-6 0.00 0.00 3235,~~134~~023.2892 0.00 6,899,000.00 M-7 0.00 0.00 3235,~~968~~861.0875 0.00 6,423,000.00 M-8 0.00 0.00 4549,~~741~~718.6178 0.00 8,564,000.00 M-9 ~~106~~769.7394 0.00 2932,~~570~~056.2389 0.00 4,757,000.00 CE 0.00 0.00 ~~858~~831,~~008~~493.6781 0.00 ~~443~~431,~~194~~723,~~070~~035.1902 P 0.00 0.00 ~~103~~102,~~312~~645.1597 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 Totals ~~106~~769.7394 0.00 23,~~914~~017,~~726~~549.1314 0.00 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable.

Interest Distribution Factors Statement Class Original Current Beginning Current Payment of Face Certificate Certificate/ Accrued Unpaid Interest Amount Rate Notional Interest Shortfall (1) Balance A-1 206,280,000.00 5.~~02938~~15125% ~~894~~842.~~07303229~~10481292 3.~~74719420~~85590435 0.00000000 A-2 67,353,000.00 5.~~07938~~20125% 1000.00000000 4.~~23281665~~62333333 0.00000000 A-3 73,763,000.00 5.~~13938~~26125% 1000.00000000 4.~~28281672~~67666662 0.00000000 A-4 34,405,000.00 5.~~24938~~37125% 1000.00000000 4.~~37448336~~77444441 0.00000000 M-1 21,886,000.00 5.~~31938~~44125% 1000.00000000 4.~~43281687~~83666682 0.00000000 M-2 17,603,000.00 5.~~33938~~46125% 1000.00000000 4.~~44948361~~85444470 0.00000000 M-3 9,277,000.00 5.~~35938~~48125% 1000.00000000 4.~~46614962~~87222270 0.00000000 M-4 8,564,000.00 5.~~46938~~59125% 1000.00000000 4.~~55781644~~97000000 0.00000000 M-5 7,136,000.00 5.~~49938~~62125% 1000.00000000 4.~~58281670~~99666620 0.00000000 M-6 6,899,000.00 5.~~58938~~71125% 1000.00000000 45.~~65781707~~07666618 0.00000000 M-7 6,423,000.00 6.~~15938~~28125% 1000.00000000 5.~~13281644~~58333333 0.00000000 M-8 8,564,000.00 6.~~40938~~53125% 1000.00000000 5.~~34115016~~80555582 0.00000000 M-9 4,757,000.00 7.~~45938~~58125% 1000.00000000 6.~~21615094~~73888795 0.~~02243641~~16185411 CE 2,854,798.00 0.00000% ~~159000~~155245.~~41771432~~33441245 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000% 0.00000000 0.00000000 0.00000000

Interest Distribution Factors Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1) Shortfall Distribution Shortfall(1) Notional Balance A-1 0.00000000 0.00000000 3.~~74719420~~85590435 0.00000000 ~~842~~786.~~10481292~~49576125 A-2 0.00000000 0.00000000 4.~~23281665~~62333333 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 4.~~28281672~~67666662 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 4.~~37448336~~77444441 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 4.~~43281687~~83666682 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.~~44948361~~85444470 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.~~46614962~~87222270 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.~~55781644~~97000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 4.~~58281670~~99666620 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 45.~~65781707~~07666618 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 5.~~13281644~~58333333 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 5.~~34115016~~80555582 0.00000000 1000.00000000 M-9 0.~~02243641~~16185411 0.00000000 6.~~21615094~~73888795 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~300~~291.~~54969564~~26187212 0.00000000 ~~155245~~151227.~~33441245~~17439903 P 0.00000000 0.00000000 ~~1033121~~1026459.~~50000000~~70000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (1) Amount also includes Coupon Cap or Basis Risk Shortfalls,if applicable. NOTE: All classes are Per 1,000 Denomination

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1314,~~523~~286,~~947~~906.7195 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 413,~~108~~914.9147 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties ~~103~~102,~~312~~646.1504 Swap/Cap Payments ~~116~~287,~~897~~506.9077 Total Deposits 1415,~~157~~090,~~266~~974.6723 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances ~~328~~413,~~677~~108.1191 Total Administration Fees ~~193~~189,~~859~~281.1301 Payment of Interest and Principal 1314,~~634~~488,~~730~~584.4331 Total Withdrawals (Pool Distribution Amount) 1415,~~157~~090,~~266~~974.6723 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* ~~189~~184,~~130~~664.8625 Credit Risk Manager Fee - Clayton Fixed Income Services 4,~~728~~616.2776 Trust Administration Fee - Wells Fargo Bank, N.A. 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~193~~189,~~859~~281.1301 *Servicer Payees include: WELLS FARGO BANK, N.A.

Reserve and Guaranty Funds Account Name Beginning Current Current Ending Balance Withdrawals Deposits Balance Net WAC Carryover Reserve Fund 0.00 ~~106~~769.7394 ~~106~~769.7394 0.00 Hedge Funds Account Name Funds In (A) Funds Out(B) Net Amount(A - B) SWAP Accont - Bear Stearns 12,~~904~~036,~~662~~976.2902 1,~~787~~749,~~764~~469.3925 ~~116~~287,~~897~~506.9077

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~636306~~626484% Weighted Average Net Coupon 7.~~136306~~126484% Weighted Average Pass-Through Rate 7.~~123806~~113984% Weighted Average Remaining Term ~~354~~353 Beginning Scheduled Collateral Loan Count 1,~~855~~817 Number Of Loans Paid In Full 3842 Ending Scheduled Collateral Loan Count 1,~~817~~775 Beginning Scheduled Collateral Balance ~~453~~443,~~914~~194,~~074~~070.4919 Ending Scheduled Collateral Balance ~~443~~431,~~194~~723,~~070~~035.1902 Ending Actual Collateral Balance at 3031-~~Apr~~May-2006 ~~443~~432,~~524~~060,~~307~~674.6172 Monthly P&I Constant 3,~~175~~100,~~578~~914.2754 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount ~~103~~102,~~312~~646.1504 Prepayment Penalty Paid Count *16 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal ~~287~~284,~~056~~237.0040 Unscheduled Principal 1011,~~432~~186,~~948~~797.~~30 * This data is currently not provided for reporting.~~77

~~Other~~Group ~~Income~~Level Collateral Statement Group Group 1 Group 2 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.643973 7.446540 Weighted Average Net Rate 7.143973 6.946540 Pass-~~147~~Through Rate 7.20131473 6.934040 Weighted Average Remaining Term 354 349 Record Date 05/31/2006 05/31/2006 Principal And Interest Constant 2,824,693.88 276,220.66 Beginning Loan Count 1,636 181 Loans Paid in Full 40 2 Ending Loan Count 1,596 179 Beginning Scheduled Balance 403,935,719.74 39,258,350.45 Ending Scheduled Balance 392,879,744.51 38,843,290.51 Scheduled Principal 251,632.48 32,604.92 Unscheduled Principal 10,804,342.75 382,455.02 Scheduled Interest 2,573,061.40 243,615.74 Servicing Fees 168,306.55 16,357.65 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 4,207.66 408.94 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 2,400,547.19 226,849.15 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalty Waived Amount 0.00 0.00 Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount 97,456.15 5,189.89 Prepayment Penalty Paid Count 14 2 Special Servicing Fee 0.00 0.00

Group Level Collateral Statement Group ~~Group~~Total ~~1 Group 2~~ Collateral Description ~~Fixed~~Mixed ~~15/30 & ARM~~ Fixed ~~15/30~~ & ~~ARM~~Arm Weighted Average Coupon Rate 7.~~654375~~626484 ~~7.448758~~ Weighted Average Net Rate 7.~~154375~~126484 ~~6.948758~~ Pass-Through Rate 7.~~141875~~113984 ~~6.936258~~ Weighted Average Remaining Term ~~355~~353 ~~350~~ Record Date 0405/3031/2006 ~~04/30/2006~~ Principal And Interest Constant 23,~~895~~100,~~113~~914.5554 ~~280,464.72~~ Beginning Loan Count 1,~~672~~817 ~~183~~ Loans Paid in Full 3642 2 Ending Loan Count 1,~~636~~775 ~~181~~ Beginning Scheduled Balance ~~414~~443,~~025~~194,~~799~~070.7319 ~~39,888,274.76~~ Ending Scheduled Balance ~~403~~431,~~935~~723,~~719~~035.7402 ~~39,258,350.45~~ Scheduled Principal ~~254~~284,~~189~~237.7140 ~~32,866.29~~ Unscheduled Principal 911,~~835~~186,~~890~~797.2877 ~~597,058.02~~ Scheduled Interest 2,~~640~~816,~~923~~677.8414 ~~247,598.43~~ Servicing Fees ~~172~~184,~~510~~664.7520 ~~16,620.11~~ Master Servicing Fees 0.00 ~~0.00~~ Trustee Fee 0.00 ~~0.00~~ FRY Amount 0.00 ~~0.00~~ Special Hazard Fee 0.00 ~~0.00~~ Other Fee 4,~~312~~616.7760 ~~415.50~~ Pool Insurance Fee 0.00 ~~0.00~~ Spread 1 0.00 ~~0.00~~ Spread 2 0.00 ~~0.00~~ Spread 3 0.00 ~~0.00~~ Net Interest 2,~~464~~627,~~100~~396.3234 ~~230,562.82~~ Realized Loss Amount 0.00 ~~0.00~~ Cumulative Realized Loss 0.00 ~~0.00~~ Percentage of Cumulative Losses 0.0000 ~~0.0000~~ Prepayment Penalty Waived Amount 0.00 ~~0.00~~ Prepayment Penalty Waived Count 0 0 Prepayment Penalty Paid Amount *102,646.04 * Prepayment Penalty Paid Count *16 * Special Servicing Fee 0.00 ~~0.00 * This data is currently not provided for reporting.~~

~~Group~~Additional ~~Level~~Reporting ~~Collateral~~- ~~Statement~~Deal ~~Group~~Level ~~Total~~Structural ~~Collateral~~Reporting ~~Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.636306 Weighted Average~~ Net ~~Rate~~Monthly ~~7.136306~~Excess ~~Pass-Through~~Cashflow ~~Rate 7~~831,493.~~123806~~54 ~~Weighted~~Extra ~~Average Remaining Term 354 Record Date 04/30/2006~~ Principal ~~And~~Distribution ~~Interest~~Amount ~~Constant 3,175,578~~0.~~27 Beginning Loan Count 1,855 Loans Paid in Full 38 Ending Loan Count 1,817 Beginning Scheduled Balance 453,914,074.49 Ending Scheduled Balance 443,194,070.19 Scheduled Principal 287,056.~~00 ~~Unscheduled~~Overcollateralization ~~Principal~~Amount ~~10,432,948.30 Scheduled Interest~~ 2,~~888~~854,~~522~~589.2739 ~~Servicing~~Overcollateralization ~~Fees~~Deficiency ~~189,130.86~~Amount ~~Master Servicing Fees~~ 0.00 ~~Trustee~~Overcollateralization ~~Fee~~Release ~~0.00 FRY~~ Amount 0.00 ~~Special~~Overcollateralization ~~Hazard~~Target ~~Fee~~Amount ~~0.00 Other Fee 4~~2,~~728~~854,589.2739 ~~Pool~~Trigger ~~Insurance~~Event ~~Fee~~Reporting ~~0.00~~Enhancement ~~Spread~~Delinquency 1Trigger ~~0.00~~Trigger ~~Spread~~Result 2Pass ~~0.00~~Threshold ~~Spread~~Value ~~3 0~~8.00588718% ~~Net~~Calculated ~~Interest~~Value ~~2,694,663~~4.14065909% ~~Realized Loss Amount 0.00~~ Cumulative ~~Realized~~ Loss ~~0.00~~Trigger ~~Percentage~~Trigger ofResult ~~Cumulative~~Pass ~~Losses~~Threshold ~~0.0000~~Value ~~Prepayment Penalty Waived Amount 0~~1.00650000% ~~Prepayment~~Calculated ~~Penalty~~Value ~~Waived Count~~ 0 ~~Prepayment Penalty Paid Amount 103,312~~.15000000% ~~Prepayment~~Trigger ~~Penalty~~Trigger ~~Paid~~Result ~~Count~~Pass *Threshold ~~Special~~Value ~~Servicing Fee~~ 0.00000000% *Calculated ~~This~~Value ~~data is currently not provided for reporting~~0.000000%

~~Additional~~LOAN ~~Reporting~~STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE REO Total No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0-29 ~~Deal~~Days ~~Level~~2 ~~Structural~~1 ~~Reporting~~0 ~~Net~~3 ~~Monthly~~726,104.88 ~~Excess~~237,087.24 ~~Cashflow~~0.00 ~~858~~963,~~008~~192.5312 ~~Extra~~30 ~~Principal~~Days ~~Distribution~~73 ~~Amount~~0 0 0 73 16,062,806.80 0.00 ~~Overcollateralization~~0.00 ~~Amount~~0.00 216,~~854~~062,~~589~~806.3980 ~~Overcollateralization~~60 ~~Deficiency~~Days ~~Amount~~25 1 0 0 26 5,455,766.69 66,922.13 0.00 ~~Overcollateralization~~0.00 ~~Release~~5,522,688.82 ~~Amount~~90 Days 8 0 17 0 25 2,047,066.30 0.00 ~~Overcollateralization~~4,089,870.72 ~~Target~~0.00 ~~Amount~~6,136,937.02 120 Days 2 1 16 0 19 498,~~854~~620.92 245,624.26 4,020,916.56 0.00 4,765,161.74 150 Days 0 0 3 0 3 0.00 0.00 891,589.39 ~~Trigger~~0.00 ~~Event~~891,589.39 ~~Reporting~~180+ ~~Enhancement~~Days ~~Delinquency~~0 ~~Trigger~~0 ~~Trigger~~0 ~~Result~~0 ~~Pass~~0 ~~Threshold~~0.00 ~~Value~~0.00 80.~~385880~~00 0.00 0.00 Totals 108 4 37 0 149 24,064,260.71 1,038,651.27 9,239,463.91 0.00 34,342,375.89 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0-29 Days 0.112676% ~~Calculated~~0.056338% ~~Value~~0.000000% 0.169014% 0.168188% 0.054917% 0.000000% 0.223104% 30 Days 4.112676% 0.000000% 0.000000% 0.000000% 4.112676% 3.~~167195~~720628% ~~Cumulative~~0.000000% ~~Loss~~0.000000% ~~Trigger~~0.000000% ~~Trigger~~3.720628% ~~Result~~60 ~~Pass~~Days ~~Threshold~~1.408451% ~~Value~~0.056338% 0.000000% 0.000000% 1.~~650000~~464789% ~~Calculated~~1.263719% ~~Value~~0.015501% 0.000000% ~~Trigger~~0.000000% ~~Trigger~~1.279220% ~~Result~~90 ~~Pass~~Days ~~Threshold~~0.450704% ~~Value~~0.000000% 0.957746% 0.000000% ~~Calculated~~1.408451% ~~Value~~0.474162% 0.000000% 0.947337% 0.000000% 1.421499% 120 Days 0.112676% 0.056338% 0.901408% 0.000000% 1.070423% 0.115496% 0.056894% 0.931365% 0.000000% 1.103754% 150 Days 0.000000% 0.000000% 0.169014% 0.000000% 0.169014% 0.000000% 0.000000% 0.206519% 0.000000% 0.206519% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 6.084507% 0.225352% 2.084507% 0.000000% 8.394366% 5.574004% 0.240583% 2.140137% 0.000000% 7.954724%

~~LOAN~~Current ~~STATUS~~Period ~~STRATIFICATION/CREDIT~~Class ~~ENHANCEMENT~~A ~~STATEMENT~~Insufficient ~~DELINQUENT~~Funds ~~BANKRUPTCY FORECLOSURE REO Total No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance~~ 0~~-29 Days 2 0 0 2 726,668~~.~~22 0.~~00 ~~0.00~~Principal ~~726,668.22~~Balance 30of ~~Days~~Contaminated 53Properties 0 ~~0 0 53 11,669,765~~.~~82 0.~~00 ~~0.00~~Periodic ~~0.00~~Advance 11413,~~669,765~~914.82 60 Days 33 0 0 0 33 7,282,784.00 0.00 0.00 0.00 7,282,784.00 90 Days 23 1 0 0 24 5,616,052.40 245,825.40 0.00 0.00 5,861,877.80 120 Days 3 0 0 0 3 892,159.86 0.00 0.00 0.00 892,159.86 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 112 3 0 0 115 25,460,762.08 972,493.62 0.00 0.00 26,433,255.70 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0-29 Days 0.110072% 0.000000% 0.000000% 0.110072% 0.163962% 0.000000% 0.000000% 0.163962% 30 Days 2.916896% 0.000000% 0.000000% 0.000000% 2.916896% 2.633105% 0.000000% 0.000000% 0.000000% 2.633105% 60 Days 1.816181% 0.000000% 0.000000% 0.000000% 1.816181% 1.643249% 0.000000% 0.000000% 0.000000% 1.643249% 90 Days 1.265823% 0.055036% 0.000000% 0.000000% 1.320859% 1.267177% 0.055467% 0.000000% 0.000000% 1.322644% 120 Days 0.165107% 0.000000% 0.000000% 0.000000% 0.165107% 0.201302% 0.000000% 0.000000% 0.000000% 0.201302% 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 6.164007% 0.165107% 0.000000% 0.000000% 6.329114% 5.744834% 0.219428% 0.000000% 0.000000% 5.964262%47

~~Current~~Delinquency ~~Period~~Status ~~Class~~By AGroups ~~Insufficient~~DELINQUENT ~~Funds~~BANKRUPTCY FORECLOSURE REO Total Group 1 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0-29 Days 1 1 0 2 374,713.56 237,087.24 0.00 ~~Principal~~611,800.80 ~~Balance~~30 ofDays ~~Contaminated~~68 ~~Properties~~0 0 0 68 15,142,858.91 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 ~~413~~15,~~108~~142,858.91 60 Days 25 1 0 0 26 5,455,766.69 66,922.13 0.00 0.00 5,522,688.82 90 Days 8 0 17 0 25 2,047,066.30 0.00 4,089,870.72 0.00 6,136,937.02 120 Days 2 1 16 0 19 498,620.92 245,624.26 4,020,916.56 0.00 4,765,161.74 150 Days 0 0 3 0 3 0.00 0.00 891,589.39 0.00 891,589.39 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 103 3 37 0 143 23,144,312.82 687,259.95 9,239,463.91 0.00 33,071,036.68 0-29 Days 0.062657% 0.062657% 0.000000% 0.125313% 0.095376% 0.060346% 0.000000% 0.155722% 30 Days 4.260652% 0.000000% 0.000000% 0.000000% 4.260652% 3.854324% 0.000000% 0.000000% 0.000000% 3.854324% 60 Days 1.566416% 0.062657% 0.000000% 0.000000% 1.629073% 1.388661% 0.017034% 0.000000% 0.000000% 1.405694% 90 Days 0.501253% 0.000000% 1.065163% 0.000000% 1.566416% 0.521041% 0.000000% 1.040998% 0.000000% 1.562040% 120 Days 0.125313% 0.062657% 1.002506% 0.000000% 1.190476% 0.126914% 0.062519% 1.023447% 0.000000% 1.212880% 150 Days 0.000000% 0.000000% 0.187970% 0.000000% 0.187970% 0.000000% 0.000000% 0.226937% 0.000000% 0.226937% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 6.453634% 0.187970% 2.318296% 0.000000% 8.959900% 5.890941% 0.174929% 2.351728% 0.000000% 8.417598% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0-29 Days 1 0 0 1 351,391.32 0.00 0.00 351,391.32 30 Days 5 0 0 0 5 919,947.89 0.00 0.00 0.00 919,947.89 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 1 0 0 6 919,947.89 351,391.32 0.00 0.00 1,271,339.21 0-29 Days 0.558659% 0.000000% 0.000000% 0.558659% 0.904638% 0.000000% 0.000000% 0.904638% 30 Days 2.793296% 0.000000% 0.000000% 0.000000% 2.793296% 2.368357% 0.000000% 0.000000% 0.000000% 2.368357% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.793296% 0.558659% 0.000000% 0.000000% 3.351955% 2.368357% 0.904638% 0.000000% 0.000000% 3.272996%

~~Delinquency~~SUBORDINATION ~~Status~~LEVEL/CREDIT ByENHANCEMENT/CLASS ~~Groups~~PERCENTAGE ~~DELINQUENT~~AND ~~BANKRUPTCY~~PREPAYMENT ~~FORECLOSURE~~PERCENTAGE ~~REO~~Current ~~Total~~Original ~~Group~~$ 1Original ~~No.~~% ofCurrent ~~Loans~~$ ~~No.~~Current of% ~~Loans~~Class% ~~No.~~Prepayment% ofClass ~~Loans~~R ~~No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0-29 Days 1 0 0 1 374~~93,~~930.67 0.00 0.00 374~~963,~~930~~898.~~67 30 Days 52 0 0 0 52 11,496,409.83 0.~~00 019.0075006952% ~~0.00 11~~93,~~496~~963,~~409~~689.8339 ~~60 Days 33 0 0 0 33 7,282,784~~21.0076480794% 0.00000000% 0.00000000% ~~0.00~~Class ~~7,282,784.00 90 Days 23~~ M-1 ~~0 0 24 5~~72,~~616~~077,~~052~~898.~~40 245,825.40 0.~~00 015.0014989827% 572,~~861~~077,~~877~~689.8039 ~~120 Days 3 0 0 0 3 892,159~~16.8669535409% 05.00069454% 0.00000000% ~~0.00~~Class ~~892,159.86 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 111~~ M-2 ~~0 0 113 25~~54,~~287~~474,~~406~~898.~~09 620,756.07 0.~~00 011.0044996159% 2554,~~908~~474,~~162~~689.1639 ~~0-29 Days 0~~12.~~061125~~61797147% 04.~~000000~~077383% 0.000000% ~~0.061125%~~Class ~~0.092819% 0.000000% 0.000000% 0.092819% 30 Days~~ M-3~~.178484%~~ 045,197,898.~~000000%~~00 09.~~000000~~50004892% 045,197,689.~~000000%~~39 310.~~178484~~46914010% 2.~~846099~~148831% 0.000000% ~~0.000000%~~Class 0.000000% 2.846099% 60 Days 2.017115% 0.000000% 0.000000% 0.000000% 2.017115% 1.802956% 0.000000% 0.000000% 0.000000% 1.802956% 90 Days 1.405868% 0.061125% 0.000000% 0.000000% 1.466993% 1.390333% 0.060858% 0.000000% 0.000000% 1.451191% 120 Days 0.183374% 0.000000% 0.000000% 0.000000% 0.183374% 0.220867% 0.000000% 0.000000% 0.000000% 0.220867% 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 6.784841% 0.122249% 0.000000% 0.000000% 6.907090% 6.260255% 0.153677% 0.000000% 0.000000% 6.413932% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance Scheduled Balance 0M-294 ~~Days 1 0 0 1 351~~36,~~737.55 0.00 0.00 351~~633,~~737~~898.~~55 30 Days 1 0 0 0 1 173,355.99 0.~~00 07.0070000019% ~~0.00 173~~36,355.99 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 1 0 0 2 173633,~~355~~689.9939 ~~351,737~~8.~~55 0.00 0.00 525,093.54 0-29 Days 0.552486~~48546091% 01.~~000000~~983679% 0.000000% ~~0.552486%~~Class ~~0.895956%~~CE 0100.~~000000%~~00 0.~~000000~~00002102% 0100.~~895956%~~00 ~~30 Days~~ 0.~~552486~~00002316% 0.~~000000~~661208% 0.000000% ~~0.000000%~~Class ~~0.552486%~~P 0.~~441577%~~00 0.~~000000~~00000000% 0.~~000000%~~00 0.~~000000~~00000000% 0.~~441577~~000023% ~~60 Days~~ 0.000000% ~~0.000000%~~Please ~~0.000000%~~Refer ~~0.000000%~~to ~~0.000000%~~the ~~0.000000%~~Prospectus ~~0.000000%~~Supplement ~~0.000000%~~for ~~0.000000%~~a ~~0.000000%~~Full 90Description ~~Days~~of ~~0.000000%~~Loss 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 0.552486% 0.552486% 0.000000% 0.000000% 1.104972% 0.441577% 0.895956% 0.000000% 0.000000% 1.337533%Exposure

REO Detail - All Mortgage Loans in REO during Current Period

~~SUBORDINATION~~Summary ~~LEVEL/CREDIT~~12 ~~ENHANCEMENT/CLASS~~Month ~~PERCENTAGE~~REO ~~AND~~History* ~~PREPAYMENT~~New ~~PERCENTAGE~~REO ~~Current~~Loans ~~Original~~Month $REO ~~Original~~Percentage %Loans ~~Current~~in $REO ~~Current~~0 %Jul-05 ~~Class~~0.000% ~~Prepayment%~~Original ~~Class~~Principal RBalance ~~93,963,898~~0.00 19Aug-05 0.~~75006952~~000% ~~93,963,689~~Current Scheduled Balance 0.3900 21Sep-05 0.~~20147712~~000% Oct-05 0.~~000000~~000% Current REO Total Nov-05 0.~~000000~~000% ~~Class~~Loans Min REO 0 Dec-105 ~~72,077,898~~0.000% Original Principal Balance 0.00 15Jan-06 0.~~14989827~~000% ~~72,077,689~~Current Scheduled Balance 0.3900 16Feb-06 0.~~26323415~~000% 4Mar-06 0.~~938243~~000% Apr-06 0.~~000000~~000% ~~Class M~~May-206 ~~54,474,898~~0.00000% 11Jun-06 0.~~44996159~~000% ~~54,474,689~~*The text reported in the above table is presented graphically on the monthly bond remittance report.39 The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jul-05 0.~~29138498~~000% 3Original Principal Balance 0.~~971849%~~00 Aug-05 0.~~000000~~000% ~~Class~~Current ~~M-3~~Scheduled ~~45,197,898~~Balance 0.00 9Sep-05 0.~~50004892~~000% ~~45,197,689.39~~Oct-05 100.~~19817106~~000% 2Current REO Total Nov-05 0.~~093214~~000% Loans in REO 0 Dec-05 0.~~000000~~000% ~~Class~~Original MPrincipal Balance 0.00 Jan-406 ~~36,633,898~~0.000% Current Scheduled Balance 0.00 7Feb-06 0.~~70000019~~000% ~~36,633,689~~Mar-06 0.39000% 8Apr-06 0.~~26583473~~000% 1May-06 0.~~932336~~000% Jun-06 0.~~000000~~000% ~~Class~~*The CEtext ~~100~~reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jul-05 0.000% Original Principal Balance 0.00 Aug-05 0.~~00002102~~000% ~~100~~Current Scheduled Balance 0.00 Sep-05 0.~~00002256~~000% Oct-05 0.~~644095~~000% Current REO Total Nov-05 0.~~000000~~000% ~~Class~~Loans Pin REO 0 Dec-05 0.000% Original Principal Balance 0.00 Jan-06 0.~~00000000~~000% Current Scheduled Balance 0.00 Feb-06 0.~~00000000~~000% Mar-06 0.~~000023~~000% Apr-06 0.~~000000~~000% ~~Please~~May-06 ~~Refer~~0.000% toJun-06 0.000% *The text reported in the ~~Prospectus~~above ~~Supplement~~table ~~for~~is apresented ~~Full~~graphically ~~Description~~on ofthe ~~Loss~~monthly ~~Exposure~~bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Scheduled Balance 0.00 Aug-05 0.000% Sep-05 0.000% Current REO Total Oct-05 0.000% Loans in REO 0 Nov-05 0.000% Original Principal Balance 0.00 Dec-05 0.000% Current Scheduled Balance 0.00 Jan-06 0.000% Feb-06 0.000% Mar-06 0.000% Apr-06 0.000% May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Scheduled Balance 0.00 Aug-05 0.000% Sep-05 0.000% Current REO Total Oct-05 0.000% Loans in REO 0 Nov-05 0.000% Original Principal Balance 0.00 Dec-05 0.000% Current Scheduled Balance 0.00 Jan-06 0.000% Feb-06 0.000% Mar-06 0.000% Apr-06 0.000% May-06 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Scheduled Balance 0.00 Aug-05 0.000% Sep-05 0.000% Current REO Total Oct-05 0.000% Loans in REO 0 Nov-05 0.000% Original Principal Balance 0.00 Dec-05 0.000% Current Scheduled Balance 0.00 Jan-06 0.000% Feb-06 0.000% Mar-06 0.000% Apr-06 0.000% May-06 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 Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 022 ~~Jun~~Jul-05 0.000% Original Principal Balance 04,922,710.00 ~~Jul~~Aug-05 0.000% Current Scheduled Balance 04,901,230.0040 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 037 ~~Nov~~Dec-05 0.000% Original Principal Balance 09,281,160.00 ~~Dec~~Jan-0506 0.000% Current Scheduled Balance 09,239,463.0091 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 02.~~000~~140% *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 022 ~~Jun~~Jul-05 0.000% Original Principal Balance 04,922,710.00 ~~Jul~~Aug-05 0.000% Current Scheduled Balance 04,901,230.0040 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 037 ~~Nov~~Dec-05 0.000% Original Principal Balance 09,281,160.00 ~~Dec~~Jan-0506 0.000% Current Scheduled Balance 09,239,463.0091 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 02.~~000~~352% *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 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Scheduled Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Foreclosure Total ~~Oct~~Nov-05 0.000% Loans in Foreclosure 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Scheduled Balance 0.00 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.000% ~~Apr~~May-06 0.000% ~~May~~Jun-06 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 NoGroup ~~Foreclosure~~1 ~~Loans~~1000277147 ~~this~~May-2006 ~~Period~~01-Dec-2005 CA 80.00 273,600.00 Group 1 1000279032 Jun-2006 01-Dec-2005 MI 90.00 67,500.00 Group 1 1000280162 Jun-2006 01-Dec-2005 UT 90.00 195,300.00 Group 1 1000281017 May-2006 01-Dec-2005 NV 90.00 346,500.00 Group 1 1000281860 Jun-2006 01-Dec-2005 CA 80.00 272,000.00 Group 1 1000282795 Jun-2006 01-Dec-2005 MD 75.00 210,000.00 Group 1 1000283252 May-2006 01-Dec-2005 MD 80.00 238,400.00 Group 1 1000283784 Jun-2006 01-Dec-2005 MI 85.00 68,000.00 Group 1 1000285220 May-2006 01-Dec-2005 CA 80.00 325,600.00 Group 1 1000286661 Jun-2006 01-Dec-2005 MD 90.00 132,300.00 Group 1 5000175351 Jun-2006 01-Dec-2005 MI 90.00 52,200.00 Group 1 5000176785 May-2006 01-Dec-2005 MI 90.00 64,800.00 Group 1 5000178736 Jun-2006 01-Dec-2005 CO 90.00 175,500.00 Group 1 5000179256 Jun-2006 01-Dec-2005 TX 90.00 100,350.00 Group 1 5000180046 May-2006 01-Dec-2005 MN 80.00 160,000.00 Group 1 5000180510 May-2006 01-Dec-2005 IL 80.00 364,000.00 Group 1 5000180728 May-2006 01-Dec-2005 NY 80.00 600,000.00 Group 1 5000181473 Jun-2006 01-Dec-2005 TX 90.00 166,860.00 Group 1 5000182251 Jun-2006 01-Dec-2005 MN 80.00 160,000.00 Group 1 5000183011 Jun-2006 01-Dec-2005 TX 80.00 592,000.00 Group 1 5000183223 May-2006 01-Dec-2005 TX 80.00 128,000.00 Group 1 5000183360 May-2006 01-Dec-2005 IL 90.00 607,500.00 Group 1 6000184010 Jun-2006 01-Dec-2005 GA 85.00 187,000.00 Group 1 6000184687 Jun-2006 01-Dec-2005 NJ 90.00 283,500.00 Group 1 6000185830 May-2006 01-Dec-2005 NC 90.00 69,300.00 Group 1 7000170700 Jun-2006 01-Dec-2005 FL 80.00 80,000.00 Group 1 7000171341 Jun-2006 01-Dec-2005 CA 80.00 436,000.00 Group 1 7000171583 Jun-2006 01-Dec-2005 OH 89.79 86,200.00 Group 1 8000063086 Jun-2006 01-Dec-2005 NY 80.00 420,000.00 Group 1 8000063259 Jun-2006 01-Dec-2005 MA 80.00 228,800.00 Group 1 8000063441 May-2006 01-Dec-2005 NJ 85.00 284,750.00 Group 1 8000064111 May-2006 01-Dec-2005 MA 80.00 520,000.00 Group 1 8000064320 Jun-2006 01-Dec-2005 NY 80.00 418,000.00 Group 1 8000065102 May-2006 01-Dec-2005 CT 80.00 176,000.00 Group 1 8000065217 Jun-2006 01-Dec-2005 NJ 80.00 312,000.00 Group 1 8000065854 May-2006 01-Dec-2005 NJ 80.00 200,000.00 Group 1 8000065865 Jun-2006 01-Dec-2005 NY 80.00 279,200.00

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Scheduled To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest NoGroup ~~Foreclosure~~1 ~~Loans~~1000277147 ~~this~~271,999.20 ~~Period~~01-Dec-2005 4 6.990% 5,896.76 Group 1 1000279032 67,210.50 01-Jan-2006 3 8.550% 1,806.30 Group 1 1000280162 194,410.02 01-Dec-2005 4 8.250% 5,030.58 Group 1 1000281017 345,863.80 01-Dec-2005 4 8.375% 9,084.96 Group 1 1000281860 272,000.00 01-Dec-2005 4 7.400% 6,256.00 Group 1 1000282795 209,170.25 01-Jan-2006 3 8.950% 5,900.12 Group 1 1000283252 237,087.24 01-May-2006 0 7.300% 2,690.22 Group 1 1000283784 67,783.60 01-Jan-2006 3 9.990% 2,146.69 Group 1 1000285220 323,771.56 01-Dec-2005 4 7.200% 7,245.64 Group 1 1000286661 132,066.37 01-Jan-2006 3 8.990% 3,739.79 Group 1 5000175351 51,980.39 01-Jan-2006 3 9.350% 1,535.48 Group 1 5000176785 64,535.96 01-Dec-2005 4 8.800% 1,788.15 Group 1 5000178736 174,633.15 01-Jan-2006 3 7.850% 4,286.19 Group 1 5000179256 99,864.29 01-Dec-2005 4 7.950% 2,484.33 Group 1 5000180046 159,169.65 01-Nov-2005 5 7.600% 3,774.13 Group 1 5000180510 362,252.23 01-Dec-2005 4 7.990% 9,060.03 Group 1 5000180728 596,947.34 01-Dec-2005 4 7.700% 14,353.23 Group 1 5000181473 166,058.79 01-Jan-2006 3 7.990% 4,153.16 Group 1 5000182251 159,278.21 01-Dec-2005 4 8.300% 4,148.03 Group 1 5000183011 588,772.14 01-Jan-2006 3 7.350% 13,470.27 Group 1 5000183223 127,498.37 01-Nov-2005 5 8.990% 3,613.34 Group 1 5000183360 604,921.37 01-Nov-2005 5 8.600% 16,358.09 Group 1 6000184010 185,960.14 01-Jan-2006 3 7.250% 4,192.55 Group 1 6000184687 282,138.76 01-Jan-2006 3 7.990% 7,056.36 Group 1 6000185830 69,039.91 01-Dec-2005 4 9.200% 2,004.90 Group 1 7000170700 79,726.60 01-Jan-2006 3 9.650% 2,434.69 Group 1 7000171341 434,971.55 01-Jan-2006 3 7.500% 10,158.02 Group 1 7000171583 85,807.16 01-Dec-2005 4 8.250% 2,220.36 Group 1 8000063086 417,474.95 01-Jan-2006 3 6.850% 8,855.86 Group 1 8000063259 227,692.55 01-Jan-2006 3 7.950% 5,664.31 Group 1 8000063441 283,286.76 01-Dec-2005 4 7.650% 6,764.28 Group 1 8000064111 517,483.14 01-Dec-2005 4 7.950% 12,873.47 Group 1 8000064320 415,765.37 01-Jan-2006 3 7.450% 9,650.62 Group 1 8000065102 175,104.57 01-Dec-2005 4 7.700% 4,210.28 Group 1 8000065217 310,563.83 01-Jan-2006 3 8.200% 7,984.48 Group 1 8000065854 199,272.41 01-Dec-2005 4 9.350% 5,886.32 Group 1 8000065865 277,901.78 01-Jan-2006 3 8.150% 7,098.49

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Summary 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 067,200.00 ~~Jul~~Aug-05 0.000% Current Scheduled Balance 066,922.0013 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 34 ~~Nov~~Dec-05 0.000% Original Principal Balance ~~977~~1,~~000~~044,200.00 ~~Dec~~Jan-0506 0.000% Current Scheduled Balance ~~972~~1,~~493~~038,651.6227 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.~~000~~214% ~~Apr~~May-06 0.~~214~~219% ~~May~~Jun-06 0.~~219~~241% *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 Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 067,200.00 ~~Jul~~Aug-05 0.000% Current Scheduled Balance 066,922.0013 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 23 ~~Nov~~Dec-05 0.000% Original Principal Balance ~~623~~690,~~400~~600.00 ~~Dec~~Jan-0506 0.000% Current Scheduled Balance ~~620~~687,~~756~~259.0795 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.~~000~~150% ~~Apr~~May-06 0.~~150~~154% ~~May~~Jun-06 0.~~154~~175% *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 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Scheduled Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 1 ~~Nov~~Dec-05 0.000% Original Principal Balance 353,600.00 ~~Dec~~Jan-0506 0.000% Current Scheduled Balance 351,~~737~~391.5532 ~~Jan~~Feb-06 0.000% ~~Feb~~Mar-06 0.000% ~~Mar~~Apr-06 0.~~000~~883% ~~Apr~~May-06 0.~~883~~896% ~~May~~Jun-06 0.~~896~~905% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period Group Loan Month Loan First State LTV at Original Number Entered Payment Origination Principal Bankruptcy Date Balance Group 1 1000271245 Apr-2006 01-Nov-2005 FL 80.00 247,200.00 Group 1 1000275893 Apr-2006 01-Dec-2005 MA 90.00 376,200.00 Group 1 5000159485 Jun-2006 01-Sep-2005 MI 80.00 67,200.00 Group 2 8000062869 Apr-2006 01-Dec-2005 PA 80.00 353,600.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Scheduled Date Delinquent Loan Rate Delinquent Balance Interest Group 1 1000271245 245,~~825~~624.4026 01-Dec-2005 34 7.250% 45,~~155~~537.0279 Group 1 1000275893 374,~~930~~713.6756 01-~~Apr~~May-2006 0 8.950% 5,~~284~~281.8280 Group 1 5000159485 66,922.13 01-Feb-2006 2 10.500% 2,233.12 Group 2 8000062869 351,~~737~~391.5532 01-~~Apr~~May-2006 0 7.200% 3,~~932~~929.8234

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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 0.000% N/A Mar-2006 0.000% N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 0.000% N/A Mar-2006 0.000% N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 1 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 0.000% N/A Mar-2006 0.000% N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 0.000% N/A Mar-2006 0.000% N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Group 2 MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 0.000% N/A Mar-2006 0.000% N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 0.000% N/A Mar-2006 0.000% N/A Apr-2006 0.000% N/A Apr-2006 0.000% N/A May-2006 0.000% N/A May-2006 0.000% N/A Jun-2006 0.000% N/A Jun-2006 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Scheduled Balance of Liquidated Loans)/ sum(Beg Scheduled 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 Scheduled Balance of Liquidated Loans)

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Scheduled Principal Scheduled Group Count Balance Balance Count Balance Balance Group 1 3640 910,~~850~~845,~~893~~266.00 910,~~830~~806,~~072~~106.0011 0 0.00 0.00 Group 2 2 ~~601~~384,~~000~~061.00 ~~598~~381,~~784~~814.7482 0 0.00 0.00 Total 3842 1011,~~451~~229,~~893~~327.00 1011,~~428~~187,~~856~~920.7493 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Scheduled Principal Scheduled Curtailment Group Count Balance Balance Count Balance Balance Amount Group 1 0 0.00 0.00 0 0.00 0.00 104,~~017~~606.4317 Group 2 0 0.00 0.00 0 0.00 0.00 (1,~~275~~021.~~23)~~33 Total 0 0.00 0.00 0 0.00 0.00 85,~~742~~627.2050

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group 1 ~~1000279288~~1000274004 VTMD 8090.00 01-Dec-2005 ~~187~~292,~~400~~500.00 ~~186~~290,~~473~~951.8663 Group 1 ~~1000280508~~1000275837 CA 80.00 01-~~Dec~~Nov-2005 ~~232~~452,000.00 ~~231~~450,~~183~~093.8377 Group 1 ~~1000281612~~1000279168 CAVA 8090.00 01-~~Nov~~Dec-2005 ~~464~~90,000.00 ~~464~~89,554.52 Group 1 1000280165 MD 90.00 01-Dec-2005 162,000.00 161,084.74 Group 1 ~~1000281897~~1000280463 CA 7590.00 01-Dec-2005 ~~150~~297,000.00 ~~149~~295,~~321~~473.3387 Group 1 ~~1000283150~~1000281829 ORCA 5680.00 01-Dec-2005 ~~235~~225,~~200~~592.00 ~~235~~224,~~062~~385.7195 Group 1 ~~1000283318~~1000282204 CA 7590.00 01-Dec-2005 ~~468~~413,~~750~~991.00 ~~467~~413,~~438~~168.7308 Group 1 ~~1000283390~~1000282258 CANC 8090.00 01-Dec-2005 ~~312~~58,~~780~~500.00 ~~312~~58,~~780~~269.0023 Group 1 ~~1000283472~~1000282716 CA 8089.00 01-Dec-2005 ~~278~~356,~~400~~000.00 ~~278~~354,~~400~~020.0005 Group 1 ~~1000284668~~1000284680 MD 7380.5900 01-Dec-2005 ~~143~~144,~~500~~000.00 ~~142~~144,~~900~~000.1700 Group 1 ~~1000286073~~5000177261 MDIL 80.00 01-Dec-2005 ~~440~~232,000.00 ~~439~~230,~~110~~842.6093 Group 1 ~~1000286371~~5000179179 MDMN 90.00 01-Dec-2005 ~~549~~162,~~900~~000.00 ~~549~~161,~~056~~142.2045 Group 1 ~~5000175634~~5000179542 NJTX 9080.00 01-Dec-2005 ~~225~~148,000.00 ~~224~~147,~~106~~378.3412 Group 1 ~~5000177577~~5000180847 IL 9080.00 01-Dec-2005 ~~410~~193,~~220~~600.00 ~~408~~192,~~762~~744.9615 Group 1 ~~5000178298~~5000181687 MIMN 90.00 01-~~Nov~~Dec-2005 88143,~~200~~613.00 87142,~~742~~924.2476 Group 1 ~~5000178792~~5000183246 MNFL 85.00 01-Dec-2005 ~~157~~185,~~675~~300.00 ~~157~~184,~~629~~338.0832 Group 1 ~~5000179503~~5000183768 MAIL 8590.00 01-Dec-2005 ~~212~~322,~~500~~200.00 ~~211~~320,~~565~~593.5003 Group 1 ~~5000179565~~6000178939 ILFL 76.51 01-Nov-2005 133,900.00 133,417.17 Group 1 6000182605 MD 90.00 01-Dec-2005 ~~211~~184,500.00 ~~211~~183,~~113~~358.9511 Group 1 ~~5000181309~~6000184491 ILMD 9080.00 01-~~Dec~~Nov-2005 ~~393~~200,~~750~~000.00 ~~392~~198,~~956~~468.3546 Group 1 ~~5000181478~~6000184703 ILVA 8085.00 01-Dec-2005 ~~267~~93,~~200~~500.00 ~~266~~93,~~159~~170.9331 Group 1 ~~5000181664~~6000185920 IANJ 90.00 01-Dec-2005 99169,~~450~~200.00 99168,~~101~~339.1916 Group 1 ~~5000182009~~6000185931 VAFL 8185.4900 01-Dec-2005 ~~232~~96,~~250~~900.00 ~~231~~96,~~696~~764.0825 Group 1 ~~5000182258~~6000186681 IDMD 9080.00 01-Dec-2005 ~~180~~184,~~348~~000.00 ~~179~~183,~~744~~006.4648 Group 1 ~~5000182840~~6000187317 MNWI 85.00 01-Dec-2005 ~~144~~215,~~500~~050.00 ~~144~~214,~~296~~146.8741 Group 1 ~~5000183279~~6000187701 VACA 80.00 01-Dec-2005 ~~216~~500,000.00 ~~215~~499,~~382~~558.9009 Group 1 ~~5000183728~~6000187984 MAMD 8087.0018 01-Dec-2005 ~~238~~571,~~400~~000.00 ~~237~~571,~~472~~000.0500 Group 1 ~~6000177987~~7000163998 FL 75.00 01-Nov-2005 72,375.00 72,123.39 Group 1 7000165903 NJ 80.00 01-~~Dec~~Nov-2005 ~~188~~312,000.00 ~~187~~310,~~141~~139.1732 Group 1 ~~6000178603~~7000168355 FLCA 80.00 01-Nov-2005 87520,~~920~~000.00 87517,~~494~~199.4238 Group 1 ~~6000185388~~7000168851 FLCA 7480.6300 01-~~Dec~~Nov-2005 ~~200~~496,000.00 ~~199~~496,~~113~~000.1700 Group 1 ~~6000187105~~7000168866 FLNJ 8083.0054 01-~~Dec~~Nov-2005 ~~463~~175,~~200~~425.00 ~~461~~174,284.7162 Group 1 ~~6000187329~~7000168977 FLVA 8580.00 01-Dec-2005 ~~154~~678,~~700~~304.00 ~~154~~674,~~161~~783.6579 Group 1 ~~7000166679~~7000169929 MDCA 8580.00 01-Dec-2005 ~~306~~361,~~000~~896.00 ~~304~~359,~~999~~980.0031 Group 1 ~~7000170104~~7000171104 CAFL 90.00 01-Dec-2005 ~~524~~157,~~700~~500.00 ~~522~~156,~~738~~817.73 Group 1 7000172790 NY 80.00 01-Dec-2005 351,920.00 350,896.33 Group 1 ~~7000170623~~7000173785 CAPA 8590.00 01-Dec-2005 ~~425~~270,000.00 ~~424~~268,~~155~~741.4559 Group 1 ~~7000170973~~8000063231 CANJ 8090.00 01-Dec-2005 ~~504~~558,000.00 ~~503~~554,~~999~~972.9948 Group 1 ~~7000171706~~8000063950 MINY 90.00 01-Dec-2005 97121,~~200~~500.00 96120,~~847~~906.6000 Group 1 ~~8000062804~~8000064058 NJNY 8580.00 01-Dec-2005 ~~361~~544,~~250~~000.00 ~~360~~540,~~479~~697.5660 Group 2 ~~8000063912~~1000283336 NJDC 7190.2800 01-Dec-2005 ~~201~~234,000.00 ~~200~~232,~~160~~436.4926 Group 2 ~~8000064921~~1000287066 NJCA 8061.00 01-Dec-2005 ~~400~~150,~~000~~061.00 ~~398~~148,~~172~~997.7643

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group 1 ~~1000279288~~1000274004 Loan Paid in Full 0 7.~~050~~500% 360 56 Group 1 ~~1000280508~~1000275837 Loan Paid in Full 0 89.~~750~~300% 360 57 Group 1 ~~1000281612~~1000279168 Loan Paid in Full 0 67.~~900~~850% 360 6 Group 1 ~~1000281897~~1000280165 Loan Paid in Full 0 7.~~750~~500% 360 56 Group 1 ~~1000283150~~1000280463 Loan Paid in Full 0 117.650% 360 56 Group 1 ~~1000283318~~1000281829 Loan Paid in Full 0 97.~~850~~450% 360 56 Group 1 ~~1000283390~~1000282204 Loan Paid in Full 0 78.~~400~~100% 360 56 Group 1 ~~1000283472~~1000282258 Loan Paid in Full 0 58.~~600~~990% 360 56 Group 1 ~~1000284668~~1000282716 Loan Paid in Full 0 7.~~900~~250% 360 56 Group 1 ~~1000286073~~1000284680 Loan Paid in Full (0 7.400% 360 6 Group 1) 5000177261 Loan Paid in Full 0 7.~~490~~800% 360 56 Group 1 ~~1000286371~~5000179179 Loan Paid in Full 0 7.500% 360 6 Group 1 5000179542 Loan Paid in Full 0 8.~~450~~650% 360 56 Group 1 ~~5000175634~~5000180847 Loan Paid in Full 0 8.~~150~~400% 360 56 Group 1 ~~5000177577~~5000181687 Loan Paid in Full 0 8.~~700~~000% 360 56 Group 1 ~~5000178298~~5000183246 Loan Paid in Full 0 7.600% 360 6 Group 1 ~~5000178792~~5000183768 Loan Paid in Full 0 67.~~990~~800% 360 56 Group 1 ~~5000179503~~6000178939 Loan Paid in Full 0 710.~~900~~050% 360 57 Group 1 ~~5000179565~~6000182605 Loan Paid in Full 0 76.~~850~~700% 360 56 Group 1 ~~5000181309~~6000184491 Loan Paid in Full 0 6.300% 360 7 Group 1 6000184703 Loan Paid in Full 0 9.500% 360 56 Group 1 ~~5000181478~~6000185920 Loan Paid in Full 0 87.~~250~~700% 360 56 Group 1 ~~5000181664~~6000185931 Loan Paid in Full 0 89.~~800~~300% 360 56 Group 1 ~~5000182009~~6000186681 Loan Paid in Full ~~(1)~~0 67.~~900~~400% 360 56 Group 1 ~~5000182258~~6000187317 Loan Paid in Full 01 8.~~990~~650% 360 56 Group 1 ~~5000182840~~6000187701 Loan Paid in Full 0 86.~~750~~400% 360 56 Group 1 ~~5000183279~~6000187984 Loan Paid in Full 0 96.~~750~~250% 360 56 Group 1 ~~5000183728~~7000163998 Loan Paid in Full 0 810.250% 360 57 Group 1 ~~6000177987~~7000165903 Loan Paid in Full 0 7.~~450~~600% 360 57 Group 1 ~~6000178603~~7000168355 Loan Paid in Full 0 78.~~950~~100% 360 67 Group 1 ~~6000185388~~7000168851 Loan Paid in Full 0 7.~~600~~400% 360 57 Group 1 ~~6000187105~~7000168866 Loan Paid in Full 10 7.~~950~~150% 360 57 Group 1 ~~6000187329~~7000168977 Loan Paid in Full 0 87.~~800~~600% 360 56 Group 1 ~~7000166679~~7000169929 Loan Paid in Full 0 97.~~100~~500% 360 56 Group 1 ~~7000170104~~7000171104 Loan Paid in Full 0 8.~~450~~500% 360 56 Group 1 ~~7000170623~~7000172790 Loan Paid in Full ~~(1)~~0 76.~~550~~750% 360 56 Group 1 ~~7000170973~~7000173785 Loan Paid in Full 0 8.400% 360 6 Group 1 8000063231 Loan Paid in Full (1) 7.~~800~~375% 360 56 Group 1 ~~7000171706~~8000063950 Loan Paid in Full 0 87.~~600~~900% 360 56 Group 1 ~~8000062804~~8000064058 Loan Paid in Full 0 76.~~300~~800% 360 56 Group 2 ~~8000063912~~1000283336 Loan Paid in Full 0(1) 76.~~900~~300% 360 56 Group 2 ~~8000064921~~1000287066 Loan Paid in Full 0 75.~~450~~990% 360 56

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 2.~~300~~526% Current Month 2426.~~362~~434% Current Month 2,~~381~~162.~~397~~241% 3 Month Average 2.~~274~~278% 3 Month Average 24.~~102~~133% 3 Month Average 32,~~079~~389.~~267~~791% 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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 26.342% N/A Mar-2006 4,230.669% N/A Apr-2006 21.604% N/A Apr-2006 2,625.735% N/A May-2006 24.362% N/A May-2006 2,381.397% N/A Jun-2006 26.434% N/A Jun-2006 2,162.241% 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.~~377~~676% Current Month 2527.~~076~~787% Current Month 2,~~451~~272.~~096~~952% 3 Month Average 2.~~371~~356% 3 Month Average 24.~~980~~847% 3 Month Average 32,~~204~~452.~~151~~902% 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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 28.185% N/A Mar-2006 4,526.700% N/A Apr-2006 21.679% N/A Apr-2006 2,634.657% N/A May-2006 25.076% N/A May-2006 2,451.096% N/A Jun-2006 27.787% N/A Jun-2006 2,272.952% 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 10.~~498~~975% Current Month 1611.~~567~~093% Current Month ~~1,620~~907.~~366~~265% 3 Month Average 1.~~251~~467% 3 Month Average 1316.~~747~~160% 3 Month Average 1,~~590~~686.~~654~~705% 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. ~~Jun-2005 N/A N/A Jun-2005 N/A N/A~~ Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 N/A N/A Sep-2005 N/A N/A Oct-2005 N/A N/A Oct-2005 N/A N/A Nov-2005 N/A N/A Nov-2005 N/A N/A Dec-2005 N/A N/A Dec-2005 N/A N/A Jan-2006 N/A N/A Jan-2006 N/A N/A Feb-2006 N/A N/A Feb-2006 N/A N/A Mar-2006 3.855% N/A Mar-2006 619.113% N/A Apr-2006 20.819% N/A Apr-2006 2,532.484% N/A May-2006 16.567% N/A May-2006 1,620.366% N/A Jun-2006 11.093% N/A Jun-2006 907.265% 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))

Interest Rate Stratification Summary Group 1 Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 5.500 0 0.00 0.000 0 0.00 0.000 5.500 5.749 4 1,~~725~~724,~~126~~574.7236 0.~~389~~399 4 1,~~725~~724,~~126~~574.7236 0.~~427~~439 5.750 5.999 2019 6,~~353~~198,~~850~~170.5794 1.~~434~~436 9 3,~~385~~382,~~264~~950.3970 0.~~838~~861 6.000 6.249 13 3,~~714~~712,~~588~~349.6144 0.~~838~~860 10 3,~~126~~125,~~552~~244.2928 0.~~774~~795 6.250 6.499 5147 1614,~~268~~756,~~461~~792.1546 3.~~671~~418 4542 1413,~~512~~234,~~543~~984.8139 3.~~593~~369 6.500 6.749 6160 1918,~~050~~853,~~514~~692.3765 4.~~298~~367 5251 16,~~388~~194,~~748~~382.4687 4.~~057~~122 6.750 6.999 ~~187~~185 5958,~~700~~767,~~538~~055.2707 13.~~471~~612 ~~156~~154 5150,~~527~~600,~~478~~862.0310 12.~~756~~879 7.000 7.249 ~~124~~123 36,~~724~~526,~~640~~260.5439 8.~~286~~461 ~~114~~113 33,~~334~~139,~~376~~003.3684 8.~~252~~435 7.250 7.499 ~~211~~205 5755,~~737~~744,~~190~~988.9031 1312.~~028~~912 ~~201~~195 5654,~~169~~178,~~417~~718.2122 13.~~906~~790 7.500 7.749 ~~223~~214 6057,~~441~~794,~~623~~157.3095 13.~~638~~387 ~~207~~198 5654,~~981~~336,~~094~~250.8949 1413.~~106~~830 7.750 7.999 ~~260~~256 61,~~863~~062,~~648~~002.4320 1314.~~959~~144 ~~234~~230 55,~~961~~164,~~744~~303.3512 1314.~~854~~041 8.000 8.249 ~~117~~114 2827,~~586~~493,~~122~~746.5948 6.~~450~~368 ~~109~~106 2726,~~403~~311,~~358~~790.2794 6.~~784~~697 8.250 8.499 ~~130~~128 24,~~700~~223,~~842~~117.4586 5.~~573~~611 ~~123~~121 23,~~629~~152,~~924~~900.4649 5.~~850~~893 8.500 8.749 ~~125~~122 22,~~780~~247,~~404~~119.6095 5.~~140~~153 ~~115~~112 2120,~~214~~682,~~962~~856.6901 5.~~252~~264 8.750 8.999 ~~122~~121 21,~~092~~022,~~431~~466.8721 4.~~759~~869 ~~107~~106 18,~~078~~009,~~172~~979.7361 4.~~476~~584 9.000 9.249 60 8,~~627~~623,~~743~~123.4965 1.~~947~~997 54 7,~~929~~925,~~846~~533.2922 12.~~963~~017 9.250 9.499 3533 54,~~009~~459,~~646~~463.4604 1.~~130~~033 3028 43,~~415~~866,~~464~~190.5922 10.~~093~~984 9.500 9.749 2322 32,~~019~~924,~~071~~406.2163 0.~~681~~677 2019 2,~~793~~698,~~296~~758.2172 0.~~692~~687 9.750 9.999 24 2,~~695~~694,~~628~~311.3478 0.~~608~~624 22 2,~~571~~570,~~347~~091.3536 0.~~637~~654 10.000 10.249 87 ~~705~~571,~~192~~449.9874 0.~~159~~132 65 ~~547~~413,~~367~~696.1163 0.~~136~~105 10.250 10.499 87 1951,~~024,121~~549.0158 0.~~231~~220 87 1951,~~024,121~~549.0158 0.~~254~~242 10.500 10.749 1 66,~~951~~922.0213 0.~~015~~016 1 66,~~951~~922.0213 0.017 10.750 10.999 3 211,~~843~~761.8424 0.~~048~~049 3 211,~~843~~761.8424 0.~~052~~054 11.000 11.249 2 216,~~292~~214.8415 0.~~049~~050 1 59,~~123~~101.0318 0.015 11.250 11.499 2 274,~~747~~652.5741 0.~~062~~064 2 274,~~747~~652.5741 0.~~068~~070 >= 11.500 3 602,~~847~~686.0640 0.~~136~~140 3 602,~~847~~686.0640 0.~~149~~153 Total 1,~~817~~775 ~~443~~431,~~194~~723,~~070~~035.1902 100.000 1,~~636~~596 ~~403~~392,~~935~~879,~~719~~744.7451 100.000

Interest Rate Stratification (continued) Group 2 Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 5.500 0 0.00 0.000 5.500 5.749 0 0.00 0.000 5.750 5.999 1110 2,~~968~~815,~~586~~220.1824 7.~~562~~248 6.000 6.249 3 ~~588~~587,~~036~~105.3216 1.~~498~~511 6.250 6.499 65 1,~~755~~521,~~917~~808.3407 43.~~473~~918 6.500 6.749 9 2,~~661~~659,~~765~~309.9178 6.~~780~~846 6.750 6.999 31 8,~~173~~166,~~060~~192.2497 2021.~~819~~023 7.000 7.249 10 3,~~390~~387,~~264~~256.1855 8.~~636~~720 7.250 7.499 10 1,~~567~~566,~~773~~270.6909 34.~~993~~032 7.500 7.749 16 3,~~460~~457,~~528~~907.4146 8.~~815~~902 7.750 7.999 26 5,~~901~~897,~~904~~699.08 15.~~033~~183 8.000 8.249 8 1,~~182~~181,~~764~~955.3254 3.~~013~~043 8.250 8.499 7 1,070,~~917~~217.9937 2.~~728~~755 8.500 8.749 10 1,~~565~~564,~~441~~263.9194 34.~~988~~027 8.750 8.999 15 3,~~014~~012,~~259~~486.1460 7.~~678~~755 9.000 9.249 6 697,~~897~~590.2043 1.~~778~~796 9.250 9.499 5 ~~594~~593,~~181~~272.8782 1.~~514~~527 9.500 9.749 3 225,~~775~~647.0091 0.~~575~~581 9.750 9.999 2 124,~~280~~220.9942 0.~~317~~320 10.000 10.249 2 157,~~825~~753.8711 0.~~402~~406 10.250 10.499 0 0.00 0.000 10.500 10.749 0 0.00 0.000 10.750 10.999 0 0.00 0.000 11.000 11.249 1 157,~~169~~112.8197 0.~~400~~404 11.250 11.499 0 0.00 0.000 >= 11.500 0 0.00 0.000 Total ~~181~~179 3938,~~258~~843,~~350~~290.4551 100.000

Filing Compare · MASTR ASSET BACKED SECURITIES TRUST 2006-FRE1