10-D 1 gpm06ar3_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: 333-120916-47 GreenPoint Mortgage Funding Trust 2006-AR3 (Exact name of issuing entity as specified in its charter) Commission File Number of depositor: 333-120916 Structured Asset Mortgage Investments II Inc. (Exact name of depositor as specified in its charter) EMC Mortgage Corporation (Exact name of sponsor as specified in its charter) New York (State or other jurisdiction of incorporation or organization of the issuing entity) 54-2196718 54-2196719 54-2196720 54-2196721 54-2196722 (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)) I-A _____ _____ __X___ ____________ II-A-1 _____ _____ __X___ ____________ II-A-2 _____ _____ __X___ ____________ III-A-1 _____ _____ __X___ ____________ III-A-2 _____ _____ __X___ ____________ III-A-3 _____ _____ __X___ ____________ IV-A-1 _____ _____ __X___ ____________ IV-A-2 _____ _____ __X___ ____________ IV-A-3 _____ _____ __X___ ____________ IV-X _____ _____ __X___ ____________ B-1 _____ _____ __X___ ____________ B-2 _____ _____ __X___ ____________ B-3 _____ _____ __X___ ____________ B-4 _____ _____ __X___ ____________ B-5 _____ _____ __X___ ____________ B-6 _____ _____ __X___ ____________ B-7 _____ _____ __X___ ____________ B-IO _____ _____ __X___ ____________ XP _____ _____ __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 GreenPoint Mortgage Funding Trust 2006-AR3. 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 GreenPoint Mortgage Funding Trust 2006-AR3, 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. GreenPoint Mortgage Funding Trust 2006-AR3 (Issuing Entity) EMC Mortgage Corp (Servicer) /s/ Mark Novachek Mark Novachek, Senior Vice President Date: July 7, 2006 EXHIBIT INDEX Exhibit Number Description EX-99.1 Monthly report distributed to holders of GreenPoint Mortgage Funding Trust 2006-AR3, relating to the June 26, 2006 distribution. EX-99.1 GreenPoint MTA Mortgage Pass-Through Certificates Distribution Date: 6/26/2006 GreenPoint MTA Mortgage Pass-Through Certificates Series 2006-AR3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

Certificateholder Distribution Summary Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance I-A 39538WGZ5 5.~~23000~~31125% 7876,~~217~~984,~~000~~397.0036 ~~306~~363,~~806~~451.1889 II-A-1 39538WHA9 5.~~21000~~29125% ~~492~~488,~~223~~427,~~000~~282.0059 12,~~923~~297,~~361~~236.3732 II-A-2 39538WHB7 5.~~21000~~29125% ~~259~~257,~~690~~687,~~000~~432.0036 1,~~014~~211,~~738~~989.6889 III-A-1 39538WHC5 5.~~23000~~31125% ~~144~~142,~~956~~084,~~000~~964.0020 ~~568~~670,~~589~~798.9190 III-A-2 39538WHD3 5.~~30000~~38125% 1615,~~106~~787,000.0042 6475,~~021~~514.3549 III-A-3 39538WHE1 5.~~24000~~32125% ~~200~~196,~~000~~038,~~000~~748.0059 ~~786~~927,~~000~~263.0028 IV-A-1 39538WHF8 5.~~21000~~29125% ~~305~~302,~~281~~863,~~000~~896.0004 1,~~192~~424,~~885~~469.5186 IV-A-2 39538WHG6 5.~~27000~~35125% ~~152~~151,~~641~~432,~~000~~444.0006 ~~603~~720,313.5566 IV-A-3 39538WHH4 6.~~28800~~41100% 50,~~880~~477,~~000~~150.0066 ~~266~~269,~~611~~674.2018 IV-X 39538WHJ0 1.00000% 0.00 ~~381~~378,~~601~~580.6728 B-1 39538WHK7 5.~~42000~~50125% 75,790,000.00 ~~308~~370,~~086~~613.3510 B-2 39538WHL5 5.~~45000~~53125% 42,212,000.00 ~~172~~207,~~541~~542.5533 B-3 39538WHM3 5.~~48000~~56125% 11,512,000.00 4756,~~314~~907.3265 B-4 39538WHN1 5.~~67000~~75125% 12,472,000.00 5363,~~037~~759.1864 B-5 39538WHP6 5.~~73000~~81125% 12,472,000.00 5364,~~598~~424.4281 B-6 39538WHQ4 6.~~75000~~83125% 25,903,000.00 ~~131~~157,~~133~~288.9477 B-7 39538WHR2 7.~~10000~~18125% 9,594,000.00 5161,~~088~~241.0570 B-IO 39538WHV3 0.00000% 28,780,~~642~~945.4933 21,~~986~~686,~~694~~549.3395 XP 39538WHS0 0.00000% 0.01 ~~258~~271,~~742~~241.1710 R 39538WHT8 0.00000% 0.00 0.00 R-X 39538WHU5 0.00000% 0.00 0.00 Totals 1,~~918~~900,~~729~~519,~~642~~261.5062 11,~~170~~278,~~165~~861.7380

Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cumulative Distribution Realized Certificate Distribution Realized Loss Balance Losses I-A 1,~~232~~101,~~602~~327.6498 0.00 7675,~~984~~883,~~397~~069.3637 1,~~539~~464,~~408~~779.8287 0.00 II-A-1 34,~~795~~034,~~717~~493.4127 0.00 ~~488~~484,~~427~~392,~~282~~789.5932 56,~~719~~331,~~078~~729.7859 0.00 II-A-2 2,~~002~~128,~~567~~542.6446 0.00 ~~257~~255,~~687~~558,~~432~~889.3689 3,~~017~~340,~~306~~532.3235 0.00 III-A-1 23,~~871~~939,~~035~~939.8064 0.00 ~~142~~138,~~084~~145,~~964~~024.2056 34,~~439~~610,~~625~~738.7154 0.00 III-A-2 ~~318~~437,~~999~~765.5803 0.00 15,~~787~~349,~~000~~235.4239 ~~383~~513,~~020~~279.9352 0.00 III-A-3 35,~~961~~436,~~251~~049.4107 0.00 ~~196~~190,~~038~~602,~~748~~699.5952 46,~~747~~363,~~251~~312.4135 0.00 IV-A-1 2,~~417~~109,~~103~~462.9676 0.00 ~~302~~300,~~863~~754,~~896~~433.0428 3,~~609~~533,~~989~~932.4762 0.00 IV-A-2 1,~~208~~054,~~555~~734.9483 0.00 ~~151~~150,~~432~~377,~~444~~709.0623 1,~~811~~775,~~869~~048.49 0.00 IV-A-3 ~~402~~351,~~849~~575.3497 0.00 50,~~477~~125,~~150~~574.6668 ~~669~~621,~~460~~250.5415 0.00 IV-X 0.00 0.00 0.00 ~~381~~378,~~601~~580.6728 0.00 B-1 0.00 0.00 75,790,000.00 ~~308~~370,~~086~~613.3510 0.00 B-2 0.00 0.00 42,212,000.00 ~~172~~207,~~541~~542.5533 0.00 B-3 0.00 0.00 11,512,000.00 4756,~~314~~907.3265 0.00 B-4 0.00 0.00 12,472,000.00 5363,~~037~~759.1864 0.00 B-5 0.00 0.00 12,472,000.00 5364,~~598~~424.4281 0.00 B-6 0.00 0.00 25,903,000.00 ~~131~~157,~~133~~288.9477 0.00 B-7 0.00 0.00 9,594,000.00 5161,~~088~~241.0570 0.00 B-IO 0.00 0.00 28,780,~~945~~944.3365 21,~~986~~686,~~694~~549.3395 0.00 XP 0.00 0.00 0.01 ~~258~~271,~~742~~241.1710 0.00 R 0.00 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 Totals 1820,~~210~~593,~~683~~891.7201 0.00 1,~~900~~879,~~519~~925,~~261~~369.6290 2931,~~380~~872,~~849~~752.4581 0.00 This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

Principal Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution I-A 78,217,000.00 7876,~~217~~984,~~000~~397.0036 0.00 1,~~232~~101,~~602~~327.6498 0.00 0.00 II-A-1 492,223,000.00 ~~492~~488,~~223~~427,~~000~~282.0059 0.00 34,~~795~~034,~~717~~493.4127 0.00 0.00 II-A-2 259,690,000.00 ~~259~~257,~~690~~687,~~000~~432.0036 0.00 2,~~002~~128,~~567~~542.6446 0.00 0.00 III-A-1 144,956,000.00 ~~144~~142,~~956~~084,~~000~~964.0020 0.00 23,~~871~~939,~~035~~939.8064 0.00 0.00 III-A-2 16,106,000.00 1615,~~106~~787,000.0042 0.00 ~~318~~437,~~999~~765.5803 0.00 0.00 III-A-3 200,000,000.00 ~~200~~196,~~000~~038,~~000~~748.0059 0.00 35,~~961~~436,~~251~~049.4107 0.00 0.00 IV-A-1 305,281,000.00 ~~305~~302,~~281~~863,~~000~~896.0004 0.00 2,~~417~~109,~~103~~462.9676 0.00 0.00 IV-A-2 152,641,000.00 ~~152~~151,~~641~~432,~~000~~444.0006 0.00 1,~~208~~054,~~555~~734.9483 0.00 0.00 IV-A-3 50,880,000.00 50,~~880~~477,~~000~~150.0066 0.00 ~~402~~351,~~849~~575.3497 0.00 0.00 IV-X 0.00 0.00 0.00 0.00 0.00 0.00 B-1 75,790,000.00 75,790,000.00 0.00 0.00 0.00 0.00 B-2 42,212,000.00 42,212,000.00 0.00 0.00 0.00 0.00 B-3 11,512,000.00 11,512,000.00 0.00 0.00 0.00 0.00 B-4 12,472,000.00 12,472,000.00 0.00 0.00 0.00 0.00 B-5 12,472,000.00 12,472,000.00 0.00 0.00 0.00 0.00 B-6 25,903,000.00 25,903,000.00 0.00 0.00 0.00 0.00 B-7 9,594,000.00 9,594,000.00 0.00 0.00 0.00 0.00 B-IO 28,780,642.49 28,780,~~642~~945.4933 0.00 0.00 0.00 0.00 XP 0.01 0.01 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,918,729,642.50 1,~~918~~900,~~729~~519,~~642~~261.5062 0.00 1820,~~210~~593,~~683~~891.7201 0.00 0.00

Principal Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution I-A 1,~~232~~101,~~602~~327.6498 7675,~~984~~883,~~397~~069.3637 0.~~98424124~~97016083 1,~~232~~101,~~602~~327.6498 II-A-1 34,~~795~~034,~~717~~493.4127 ~~488~~484,~~427~~392,~~282~~789.5932 0.~~99228862~~98409215 34,~~795~~034,~~717~~493.4127 II-A-2 2,~~002~~128,~~567~~542.6446 ~~257~~255,~~687~~558,~~432~~889.3689 0.~~99228862~~98409215 2,~~002~~128,~~567~~542.6446 III-A-1 23,~~871~~939,~~035~~939.8064 ~~142~~138,~~084~~145,~~964~~024.2056 0.~~98019374~~95301350 23,~~871~~939,~~035~~939.8064 III-A-2 ~~318~~437,~~999~~765.5803 15,~~787~~349,~~000~~235.4239 0.~~98019374~~95301350 ~~318~~437,~~999~~765.5803 III-A-3 35,~~961~~436,~~251~~049.4107 ~~196~~190,~~038~~602,~~748~~699.5952 0.~~98019374~~95301350 35,~~961~~436,~~251~~049.4107 IV-A-1 2,~~417~~109,~~103~~462.9676 ~~302~~300,~~863~~754,~~896~~433.0428 0.~~99208236~~98517246 2,~~417~~109,~~103~~462.9676 IV-A-2 1,~~208~~054,~~555~~734.9483 ~~151~~150,~~432~~377,~~444~~709.0623 0.~~99208236~~98517246 1,~~208~~054,~~555~~734.9483 IV-A-3 ~~402~~351,~~849~~575.3497 50,~~477~~125,~~150~~574.6668 0.~~99208236~~98517246 ~~402~~351,~~849~~575.3497 IV-X 0.00 0.00 0.00000000 0.00 B-1 0.00 75,790,000.00 1.00000000 0.00 B-2 0.00 42,212,000.00 1.00000000 0.00 B-3 0.00 11,512,000.00 1.00000000 0.00 B-4 0.00 12,472,000.00 1.00000000 0.00 B-5 0.00 12,472,000.00 1.00000000 0.00 B-6 0.00 25,903,000.00 1.00000000 0.00 B-7 0.00 9,594,000.00 1.00000000 0.00 B-IO 0.00 28,780,~~945~~944.3365 1.~~00001052~~00001050 0.00 XP 0.00 0.01 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R-X 0.00 0.00 0.00000000 0.00 Totals 1820,~~210~~593,~~683~~891.7201 1,~~900~~879,~~519~~925,~~261~~369.6290 0.~~99050915~~97977606 1820,~~210~~593,~~683~~891.7201

Principal Distribution Factors Statement Class Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution I-A 78,217,000.00 ~~1000~~984.~~00000000~~24124372 0.00000000 1514.~~75875628~~08041704 0.00000000 II-A-1 492,223,000.00 ~~1000~~992.~~00000000~~28862241 0.00000000 78.~~71137759~~19647450 0.00000000 II-A-2 259,690,000.00 ~~1000~~992.~~00000000~~28862243 0.00000000 78.~~71137757~~19647449 0.00000000 III-A-1 144,956,000.00 ~~1000~~980.~~00000000~~19374293 0.00000000 1927.~~80625707~~18024532 0.00000000 III-A-2 16,106,000.00 ~~1000~~980.~~00000000~~19374270 0.00000000 1927.~~80625730~~18024525 0.00000000 III-A-3 200,000,000.00 ~~1000~~980.~~00000000~~19374295 0.00000000 1927.~~80625705~~18024535 0.00000000 IV-A-1 305,281,000.00 ~~1000~~992.~~00000000~~08236359 0.00000000 76.~~91763641~~90990517 0.00000000 IV-A-2 152,641,000.00 ~~1000~~992.~~00000000~~08236359 0.00000000 76.~~91763641~~90990514 0.00000000 IV-A-3 50,880,000.00 ~~1000~~992.~~00000000~~08236360 0.00000000 76.~~91763640~~90990507 0.00000000 IV-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 75,790,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 42,212,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 11,512,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 12,472,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 12,472,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 25,903,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-7 9,594,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 28,780,642.49 1000.~~00000000~~01052235 0.00000000 0.00000000 0.00000000 XP 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-X 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 I-A 0.00000000 1514.~~75875628~~08041704 ~~984~~970.~~24124372~~16082655 0.~~98424124~~97016083 1514.~~75875628~~08041704 II-A-1 0.00000000 78.~~71137759~~19647450 ~~992~~984.~~28862241~~09214791 0.~~99228862~~98409215 78.~~71137759~~19647450 II-A-2 0.00000000 78.~~71137757~~19647449 ~~992~~984.~~28862243~~09214791 0.~~99228862~~98409215 78.~~71137757~~19647449 III-A-1 0.00000000 1927.~~80625707~~18024532 ~~980~~953.~~19374293~~01349761 0.~~98019374~~95301350 1927.~~80625707~~18024532 III-A-2 0.00000000 1927.~~80625730~~18024525 ~~980~~953.~~19374270~~01349745 0.~~98019374~~95301350 1927.~~80625730~~18024525 III-A-3 0.00000000 1927.~~80625705~~18024535 ~~980~~953.~~19374295~~01349760 0.~~98019374~~95301350 1927.~~80625705~~18024535 IV-A-1 0.00000000 76.~~91763641~~90990517 ~~992~~985.~~08236359~~17245842 0.~~99208236~~98517246 76.~~91763641~~90990517 IV-A-2 0.00000000 76.~~91763641~~90990514 ~~992~~985.~~08236359~~17245845 0.~~99208236~~98517246 76.~~91763641~~90990514 IV-A-3 0.00000000 76.~~91763640~~90990507 ~~992~~985.~~08236360~~17245833 0.~~99208236~~98517246 76.~~91763640~~90990507 IV-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-7 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 1000.~~01052235~~01049872 1.~~00001052~~00001050 0.00000000 XP 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-X 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 I-A 0405/2825/06 - 0506/2425/06 2732 5.~~23000~~31125% 7876,~~217~~984,~~000~~397.0036 ~~306~~363,~~806~~451.1889 0.00 II-A-1 0405/2825/06 - 0506/2425/06 2732 5.~~21000~~29125% ~~492~~488,~~223~~427,~~000~~282.0059 12,~~923~~297,~~361~~236.3732 0.00 II-A-2 0405/2825/06 - 0506/2425/06 2732 5.~~21000~~29125% ~~259~~257,~~690~~687,~~000~~432.0036 1,~~014~~211,~~738~~989.6889 0.00 III-A-1 0405/2825/06 - 0506/2425/06 2732 5.~~23000~~31125% ~~144~~142,~~956~~084,~~000~~964.0020 ~~568~~670,~~589~~798.9190 0.00 III-A-2 0405/2825/06 - 0506/2425/06 2732 5.~~30000~~38125% 1615,~~106~~787,000.0042 6475,~~021~~514.3549 0.00 III-A-3 0405/2825/06 - 0506/2425/06 2732 5.~~24000~~32125% ~~200~~196,~~000~~038,~~000~~748.0059 ~~786~~927,~~000~~263.0028 0.00 IV-A-1 0405/2825/06 - 0506/2425/06 2732 5.~~21000~~29125% ~~305~~302,~~281~~863,~~000~~896.0004 1,~~192~~424,~~885~~469.5186 0.00 IV-A-2 0405/2825/06 - 0506/2425/06 2732 5.~~27000~~35125% ~~152~~151,~~641~~432,~~000~~444.0006 ~~603~~720,313.5566 0.00 IV-A-3 0405/01/06 - 0405/30/06 30 6.~~28800~~41100% 50,~~880~~477,~~000~~150.0066 ~~266~~269,~~611~~674.2018 0.00 IV-X 0405/01/06 - 0405/30/06 30 1.00000% ~~457~~454,~~922~~296,~~000~~340.0010 ~~381~~378,~~601~~580.6728 0.00 B-1 0405/2825/06 - 0506/2425/06 2732 5.~~42000~~50125% 75,790,000.00 ~~308~~370,~~086~~613.3510 0.00 B-2 0405/2825/06 - 0506/2425/06 2732 5.~~45000~~53125% 42,212,000.00 ~~172~~207,~~541~~542.5533 0.00 B-3 0405/2825/06 - 0506/2425/06 2732 5.~~48000~~56125% 11,512,000.00 4756,~~314~~907.3265 0.00 B-4 0405/2825/06 - 0506/2425/06 2732 5.~~67000~~75125% 12,472,000.00 5363,~~037~~759.1864 0.00 B-5 0405/2825/06 - 0506/2425/06 2732 5.~~73000~~81125% 12,472,000.00 5364,~~598~~424.4281 0.00 B-6 0405/2825/06 - 0506/2425/06 2732 6.~~75000~~83125% 25,903,000.00 ~~131~~157,~~133~~288.9477 07,006.0059 B-7 0405/2825/06 - 0506/2425/06 2732 7.~~10000~~18125% 9,594,000.00 5161,~~088~~241.0570 05,579.0091 B-IO N/A N/A 0.00000% 28,780,~~642~~945.4933 0.00 0.00 XP N/A N/A 0.00000% 0.01 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 R-X N/A N/A 0.00000% 0.00 0.00 0.00 Totals 79,~~924~~321,~~729~~070.2375 012,586.0050

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 I-A 0.00 0.00 ~~306~~363,~~806~~451.1889 0.00 7675,~~984~~883,~~397~~069.3637 II-A-1 0.00 0.00 12,~~923~~297,~~361~~236.3732 0.00 ~~488~~484,~~427~~392,~~282~~789.5932 II-A-2 0.00 0.00 1,~~014~~211,~~738~~989.6889 0.00 ~~257~~255,~~687~~558,~~432~~889.3689 III-A-1 0.00 0.00 ~~568~~670,~~589~~798.9190 0.00 ~~142~~138,~~084~~145,~~964~~024.2056 III-A-2 0.00 0.00 6475,~~021~~514.3549 0.00 15,~~787~~349,~~000~~235.4239 III-A-3 0.00 0.00 ~~786~~927,~~000~~263.0028 0.00 ~~196~~190,~~038~~602,~~748~~699.5952 IV-A-1 0.00 0.00 1,~~192~~424,~~885~~469.5186 0.00 ~~302~~300,~~863~~754,~~896~~433.0428 IV-A-2 0.00 0.00 ~~603~~720,313.5566 0.00 ~~151~~150,~~432~~377,~~444~~709.0623 IV-A-3 0.00 0.00 ~~266~~269,~~611~~674.2018 0.00 50,~~477~~125,~~150~~574.6668 IV-X 0.00 0.00 ~~381~~378,~~601~~580.6728 0.00 ~~454~~451,~~296~~132,~~340~~142.1051 B-1 0.00 0.00 ~~308~~370,~~086~~613.3510 0.00 75,790,000.00 B-2 0.00 0.00 ~~172~~207,~~541~~542.5533 0.00 42,212,000.00 B-3 0.00 0.00 4756,~~314~~907.3265 0.00 11,512,000.00 B-4 0.00 0.00 5363,~~037~~759.1864 0.00 12,472,000.00 B-5 0.00 0.00 5364,~~598~~424.4281 0.00 12,472,000.00 B-6 07,006.0059 0.00 ~~131~~157,~~133~~288.9477 0.00 25,903,000.00 B-7 05,579.0091 0.00 5161,~~088~~241.0570 0.00 9,594,000.00 B-IO 0.00 0.00 21,~~986~~686,~~694~~549.3395 0.00 28,780,~~945~~944.3365 XP 0.00 0.00 ~~258~~271,~~742~~241.1710 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 R-X 0.00 0.00 0.00 0.00 0.00 Totals 012,586.0050 0.00 11,~~170~~278,~~165~~861.7380 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 I-A 78,217,000.00 5.~~23000~~31125% ~~1000~~984.~~00000000~~24124372 34.~~92249997~~64671222 0.00000000 II-A-1 492,223,000.00 5.~~21000~~29125% ~~1000~~992.~~00000000~~28862241 34.~~90749999~~66706416 0.00000000 II-A-2 259,690,000.00 5.~~21000~~29125% ~~1000~~992.~~00000000~~28862243 34.~~90750002~~66706415 0.00000000 III-A-1 144,956,000.00 5.~~23000~~31125% ~~1000~~980.~~00000000~~19374293 34.~~92250000~~62760355 0.00000000 III-A-2 16,106,000.00 5.~~30000~~38125% ~~1000~~980.~~00000000~~19374270 34.~~97500000~~68859369 0.00000000 III-A-3 200,000,000.00 5.~~24000~~32125% ~~1000~~980.~~00000000~~19374295 34.~~93000000~~63631640 0.00000000 IV-A-1 305,281,000.00 5.~~21000~~29125% ~~1000~~992.~~00000000~~08236359 34.~~90750001~~66609406 0.00000000 IV-A-2 152,641,000.00 5.~~27000~~35125% ~~1000~~992.~~00000000~~08236359 34.~~95249998~~71900512 0.00000000 IV-A-3 50,880,000.00 6.~~28800~~41100% ~~1000~~992.~~00000000~~08236360 5.~~24000000~~30020008 0.00000000 IV-X 0.00 1.00000% ~~1000~~992.~~00000000~~08236359 0.~~83333334~~82673530 0.00000000 B-1 75,790,000.00 5.~~42000~~50125% 1000.00000000 4.~~06500000~~89000000 0.00000000 B-2 42,212,000.00 5.~~45000~~53125% 1000.00000000 4.~~08750000~~91666659 0.00000000 B-3 11,512,000.00 5.~~48000~~56125% 1000.00000000 4.~~11000000~~94333304 0.00000000 B-4 12,472,000.00 5.~~67000~~75125% 1000.00000000 45.~~25250000~~11222258 0.00000000 B-5 12,472,000.00 5.~~73000~~81125% 1000.00000000 45.~~29750000~~16555564 0.00000000 B-6 25,903,000.00 6.~~75000~~83125% 1000.00000000 56.~~06250010~~07222214 0.~~00000000~~27049338 B-7 9,594,000.00 7.~~10000~~18125% 1000.00000000 56.~~32500000~~38333333 0.~~00000000~~58160413 B-IO 28,780,642.49 0.00000% 1000.~~00000000~~01052235 0.00000000 0.00000000 XP 0.01 0.00000% 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 R-X 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 I-A 0.00000000 0.00000000 34.~~92249997~~64671222 0.00000000 ~~984~~970.~~24124372~~16082655 II-A-1 0.00000000 0.00000000 34.~~90749999~~66706416 0.00000000 ~~992~~984.~~28862241~~09214791 II-A-2 0.00000000 0.00000000 34.~~90750002~~66706415 0.00000000 ~~992~~984.~~28862243~~09214791 III-A-1 0.00000000 0.00000000 34.~~92250000~~62760355 0.00000000 ~~980~~953.~~19374293~~01349761 III-A-2 0.00000000 0.00000000 34.~~97500000~~68859369 0.00000000 ~~980~~953.~~19374270~~01349745 III-A-3 0.00000000 0.00000000 34.~~93000000~~63631640 0.00000000 ~~980~~953.~~19374295~~01349760 IV-A-1 0.00000000 0.00000000 34.~~90750001~~66609406 0.00000000 ~~992~~985.~~08236359~~17245842 IV-A-2 0.00000000 0.00000000 34.~~95249998~~71900512 0.00000000 ~~992~~985.~~08236359~~17245845 IV-A-3 0.00000000 0.00000000 5.~~24000000~~30020008 0.00000000 ~~992~~985.~~08236360~~17245833 IV-X 0.00000000 0.00000000 0.~~83333334~~82673530 0.00000000 ~~992~~985.~~08236359~~17245843 B-1 0.00000000 0.00000000 4.~~06500000~~89000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~08750000~~91666659 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~11000000~~94333304 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 45.~~25250000~~11222258 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 45.~~29750000~~16555564 0.00000000 1000.00000000 B-6 0.~~00000000~~27049338 0.00000000 56.~~06250010~~07222214 0.00000000 1000.00000000 B-7 0.~~00000000~~58160413 0.00000000 56.~~32500000~~38333333 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 ~~103~~58.~~77441473~~60014941 0.00000000 1000.~~01052235~~01049872 XP 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-X 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 2932,~~566~~109,~~164~~075.2817 Reserve Funds and Credit Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances ~~174~~105,~~481~~138.7551 Gains & Subsequent Recoveries (Realized Losses) 0.00 Prepayment Penalties ~~258~~271,~~742~~241.1710 Total Deposits 2932,~~999~~485,~~388~~454.2078 Withdrawals Reserve Funds and Credit Enhancements 0.00 Total Administration Fees ~~618~~612,~~538~~701.7597 Payment of Interest and Principal 2931,~~380~~872,~~849~~752.4581 Total Withdrawals (Pool Distribution Amount) 2932,~~999~~485,~~388~~454.2078 Ending Balance 0.00 Servicer Advances are calculated as delinquent scheduled principal and interest.

ADMINISTRATION FEES Gross Servicing Fee* ~~599~~593,~~603~~912.0226 Insurance Premium - Ambac Assurance Corporation 18,~~935~~789.7371 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees ~~618~~612,~~538~~701.7597 *Servicer Payees include: EMC MTG CORP

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 7.~~211187~~337146% Weighted Average Net Coupon 6.~~836187~~962146% Weighted Average Pass-Through Rate 6.~~836187~~962146% Weighted Average Remaining Term 396 Beginning Scheduled Collateral Loan Count 6,~~321~~254 Number Of Loans Paid In Full 6766 Ending Scheduled Collateral Loan Count 6,~~254~~188 Beginning Scheduled Collateral Balance 1,~~918~~900,~~729~~519,~~642~~261.5061 Ending Scheduled Collateral Balance 1,~~900~~879,~~519~~925,~~261~~369.6190 Ending Actual Collateral Balance at 3031-~~Apr~~May-2006 1,~~900~~879,~~519~~925,~~261~~369.6190 Monthly P&I Constant 76,~~011~~254,~~596~~167.6590 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount ~~258~~271,~~742~~241.1710 Prepayment Penalty Paid Count 3833 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal (45,~~518~~366,~~669~~154.2415) Unscheduled Principal 2225,~~729~~960,~~049~~045.4486 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.0069 Specified O/C Amount 28,780,944.64 Overcollateralized Amount 28,780,~~945~~944.3365 Overcollateralized Deficiency Amount ~~302~~0.8300 Base Overcollateralization Amount 0.00 Extra ~~Principal~~principal ~~Distribution~~distribution Amount ~~302~~0.8300 Excess Cash Amount 31,~~005~~717,~~630~~926.0615

Group Level Collateral Statement Group Group I Group II Collateral Description 1 Month LIBOR ARM One-Year MTA Weighted Average Coupon Rate 78.~~885182~~014908 7.~~154934~~281360 Weighted Average Net Rate 7.~~510182~~639908 6.~~779934~~906360 Pass-Through Rate 7.~~510182~~639908 6.~~779934~~906360 Weighted Average Remaining Term ~~408~~406 ~~392~~391 Record Date 0405/3031/2006 0405/3031/2006 Principal And Interest Constant ~~331~~284,~~409~~793.4524 32,~~117~~843,~~237~~854.8724 Beginning Loan Count ~~295~~290 3,~~248~~219 Loans Paid in Full 53 2930 Ending Loan Count ~~290~~287 3,~~219~~189 Beginning Scheduled Balance 8887,~~281~~048,~~554~~972.6252 ~~848~~842,~~659~~861,~~834~~646.6120 Ending Scheduled Balance 8785,~~048~~947,~~972~~644.5250 ~~842~~836,~~861~~698,~~646~~610.2026 Scheduled Principal (~~248~~296,~~687~~614.3167) (12,~~942~~270,~~849~~461.9887) Unscheduled Principal 1,~~481~~397,~~269~~942.4169 78,~~741~~433,~~038~~497.3981 Scheduled Interest ~~580~~581,~~096~~407.7691 5,~~060~~114,~~087~~316.8511 Servicing Fees 27,~~587~~202.9980 ~~265~~263,~~206~~394.2026 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 0.00 0.00 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 ~~552~~554,~~508~~205.7711 4,~~794~~850,~~881~~921.6585 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 39,~~927~~696.6864 7577,~~337~~678.8048 Prepayment Penalty Paid Count 52 1213 Special Servicing Fee 0.00 0.00

Group Level Collateral Statement Group Group III Group IV Collateral Description One-Year MTA One-Year MTA Weighted Average Coupon Rate 7.~~080460~~206357 7.~~283475~~407966 Weighted Average Net Rate 6.~~705460~~831357 67.~~908456~~032966 Pass-Through Rate 6.~~705460~~831357 67.~~908475~~032966 Weighted Average Remaining Term 402 ~~398~~397 Record Date 0405/3031/2006 0405/3031/2006 Principal And Interest Constant 1,~~490~~244,~~440~~116.1236 21,~~072~~881,~~509~~404.2106 Beginning Loan Count ~~838~~825 1,~~940~~920 Loans Paid in Full 1316 2017 Ending Loan Count ~~825~~809 1,~~920~~903 Beginning Scheduled Balance ~~407~~400,~~519~~368,~~639~~471.5798 ~~574~~570,240,170.91 Ending Scheduled Balance ~~400~~390,~~368~~554,~~471~~717.9891 ~~570~~566,~~240~~724,~~170~~397.9123 Scheduled Principal (~~914~~1,~~081~~160,215.9726) (1,~~413~~638,~~049~~862.9835) Unscheduled Principal 810,~~065~~973,~~249~~969.5633 5,~~441~~154,~~492~~636.0803 Scheduled Interest 2,404,~~522~~331.0962 3,~~485~~520,~~559~~266.1941 Servicing Fees ~~127~~125,~~349~~115.8915 ~~179~~178,~~458~~200.9405 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 0.00 0.00 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,~~277~~279,~~172~~216.2047 3,~~306~~342,~~100~~066.2536 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 13,~~125~~726.9626 ~~130~~140,~~350~~139.7372 Prepayment Penalty Paid Count 1 2017 Special Servicing Fee 0.00 0.00

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 7.~~211187~~337146 Weighted Average Net Rate 6.~~836187~~962146 Pass-Through Rate 6.~~836187~~962146 Weighted Average Remaining Term 396 Record Date 0405/3031/2006 Principal And Interest Constant 76,~~011~~254,~~596~~167.6590 Beginning Loan Count 6,~~321~~254 Loans Paid in Full 6766 Ending Loan Count 6,~~254~~188 Beginning Scheduled Balance 1,~~918~~900,~~701~~519,~~199~~261.7161 Ending Scheduled Balance 1,~~900~~879,~~519~~925,~~261~~369.6190 Scheduled Principal (45,~~518~~366,~~669~~154.2415) Unscheduled Principal 2225,~~729~~960,~~049~~045.4486 Scheduled Interest 11,~~530~~620,~~265~~322.8905 Servicing Fees ~~599~~593,~~603~~912.0226 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1011,~~930~~026,~~662~~409.8779 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount ~~258~~271,~~742~~241.1710 Prepayment Penalty Paid Count 3833 Special Servicing Fee 0.00

Additional Reporting - Deal Level Miscellaneous Reporting Class B-1 Negative Amortization 0.00 Class B-2 Negative Amortization 0.00 Class B-3 Negative Amortization 0.00 Class B-4 Negative Amortization 0.00 Class B-5 Negative Amortization 0.00 Class B-6 Negative Amortization 0.00 Class B-7 Negative Amortization 0.00 Senior Enhancement Percentage 11.~~509257~~635353% Trigger Event Reporting Delinquency Test Violation Trigger Result Pass Threshold Value 2.~~819772~~850661% Calculated Value 0.~~022285~~020205% Cumulative Loss Test Violation Trigger Result Pass Threshold Value 0.300000% Calculated Value 0.000000% Trigger Event Calculated Value Pass

LOAN 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 Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 01 0 0 01 098,791.0045 0.00 0.00 098,791.0045 30 Days 15 0 0 0 15 ~~238~~1,~~875~~494,655.6333 0.00 0.00 0.00 ~~238~~1,~~875~~494,655.6333 60 Days 21 0 0 0 21 ~~423~~199,~~523~~940.3908 0.00 0.00 0.00 ~~423~~199,~~523~~940.3908 90 Days 01 0 0 0 01 0179,902.0019 0.00 0.00 0.00 0179,902.0019 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 37 01 0 0 38 ~~662~~1,~~399~~874,497.0260 098,791.0045 0.00 0.00 ~~662~~1,~~399~~973,289.0205 No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0.~~000000~~016160% 0.000000% 0.000000% 0.~~000000~~016160% 0.~~000000~~005255% 0.000000% 0.000000% 0.~~000000~~005255% 30 Days 0.~~015990~~080802% 0.000000% 0.000000% 0.000000% 0.~~015990~~080802% 0.~~012569~~079506% 0.000000% 0.000000% 0.000000% 0.~~012569~~079506% 60 Days 0.~~031980~~016160% 0.000000% 0.000000% 0.000000% 0.~~031980~~016160% 0.~~022285~~010636% 0.000000% 0.000000% 0.000000% 0.~~022285~~010636% 90 Days 0.~~000000~~016160% 0.000000% 0.000000% 0.000000% 0.~~000000~~016160% 0.~~000000~~009570% 0.000000% 0.000000% 0.000000% 0.~~000000~~009570% 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.~~047969~~113122% 0.~~000000~~016160% 0.000000% 0.000000% 0.~~047969~~129282% 0.~~034854~~099711% 0.~~000000~~005255% 0.000000% 0.000000% 0.~~034854~~104966%

Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~174~~105,~~481~~138.7551

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 02 0 0 0 02 0290,574.0059 0.00 0.00 0.00 0290,574.0059 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 02 0 0 0 02 0290,574.0059 0.00 0.00 0.00 0290,574.0059 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~696864% 0.000000% 0.000000% 0.000000% 0.~~000000~~696864% 0.~~000000~~338083% 0.000000% 0.000000% 0.000000% 0.~~000000~~338083% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~000000~~696864% 0.000000% 0.000000% 0.000000% 0.~~000000~~696864% 0.~~000000~~338083% 0.000000% 0.000000% 0.000000% 0.~~000000~~338083% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 01 0 0 0 01 0536,006.0051 0.00 0.00 0.00 0536,006.0051 60 Days 1 0 0 0 1 199,~~523~~940.3908 0.00 0.00 0.00 199,~~523~~940.3908 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 12 0 0 0 12 ~~199~~735,~~523~~946.3959 0.00 0.00 0.00 ~~199~~735,~~523~~946.3959 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~123609% 0.000000% 0.000000% 0.000000% 0.~~000000~~123609% 0.~~000000~~137242% 0.000000% 0.000000% 0.000000% 0.~~000000~~137242% 60 Days 0.~~121212~~123609% 0.000000% 0.000000% 0.000000% 0.~~121212~~123609% 0.~~049835~~051194% 0.000000% 0.000000% 0.000000% 0.~~049835~~051194% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~121212~~247219% 0.000000% 0.000000% 0.000000% 0.~~121212~~247219% 0.~~049835~~188436% 0.000000% 0.000000% 0.000000% 0.~~049835~~188436% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV No. of Loans No. of Loans No. of Loans No. of Loans No. of Loans Actual Balance Actual Balance Actual Balance Actual Balance Actual Balance 0-29 Days 01 0 0 01 098,791.0045 0.00 0.00 098,791.0045 30 Days 12 0 0 0 12 ~~238~~668,~~875~~074.6323 0.00 0.00 0.00 ~~238~~668,~~875~~074.6323 60 Days 10 0 0 0 10 ~~224,000~~0.00 0.00 0.00 0.00 ~~224,000~~0.00 90 Days 01 0 0 0 01 0179,902.0019 0.00 0.00 0.00 0179,902.0019 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 23 01 0 0 24 ~~462~~847,~~875~~976.6342 098,791.0045 0.00 0.00 ~~462~~946,~~875~~767.6387 0-29 Days 0.~~000000~~052549% 0.000000% 0.000000% 0.~~000000~~052549% 0.~~000000~~017432% 0.000000% 0.000000% 0.~~000000~~017432% 30 Days 0.~~052083~~105097% 0.000000% 0.000000% 0.000000% 0.~~052083~~105097% 0.~~041890~~117883% 0.000000% 0.000000% 0.000000% 0.~~041890~~117883% 60 Days 0.~~052083~~000000% 0.000000% 0.000000% 0.000000% 0.~~052083~~000000% 0.~~039282~~000000% 0.000000% 0.000000% 0.000000% 0.~~039282~~000000% 90 Days 0.~~000000~~052549% 0.000000% 0.000000% 0.000000% 0.~~000000~~052549% 0.~~000000~~031744% 0.000000% 0.000000% 0.000000% 0.~~000000~~031744% 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.~~104167~~157646% 0.~~000000~~052549% 0.000000% 0.000000% 0.~~104167~~210194% 0.~~081172~~149628% 0.~~000000~~017432% 0.000000% 0.000000% 0.~~081172~~167060%

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group I 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group II 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group III 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group IV 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Jun~~Jul-05 0.000% Original Principal Balance 0.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current REO Total ~~Oct~~Nov-05 0.000% Loans in REO 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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 Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 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 Actual 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 Actual 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. Group I 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 Actual 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 Actual 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. Group II 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 Actual 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 Actual 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. Group III 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 Actual 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 Actual 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. Group IV 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 Actual 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 Actual 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.

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 097,600.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 098,791.0045 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 097,600.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 098,791.0045 ~~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~~005% *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 I 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 Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group II 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 Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group III 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 Actual Balance 0.00 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 0 ~~Nov~~Dec-05 0.000% Original Principal Balance 0.00 ~~Dec~~Jan-0506 0.000% Current Actual 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. Group IV 12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 01 ~~Jun~~Jul-05 0.000% Original Principal Balance 097,600.00 ~~Jul~~Aug-05 0.000% Current Actual Balance 098,791.0045 ~~Aug~~Sep-05 0.000% ~~Sep~~Oct-05 0.000% Current Bankruptcy Total ~~Oct~~Nov-05 0.000% Loans in Bankruptcy 01 ~~Nov~~Dec-05 0.000% Original Principal Balance 097,600.00 ~~Dec~~Jan-0506 0.000% Current Actual Balance 098,791.0045 ~~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~~017% *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 NoGroup ~~Bankruptcy~~IV ~~Loans~~0088415195 ~~this~~Jun-2006 ~~Period~~01-Jan-2006 UT 80.00 97,600.00

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Actual Date Delinquent Loan Rate Delinquent Balance Interest NoGroup ~~Bankruptcy~~IV ~~Loans~~0088415195 ~~this~~98,791.45 ~~Period~~01-May-2006 0 7.500% 1,156.63

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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 I MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 II MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs. 12mo Average* SDA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 III 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 IV 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A 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 I 53 1,~~448~~355,~~600~~100.00 1,~~450~~362,~~808~~048.0416 0 0.00 0.00 Group II 2930 78,~~201~~043,~~650~~250.00 78,~~208~~044,~~516~~215.49 0 0.00 0.00 Group III 1316 710,~~996~~858,~~800~~500.00 710,~~962~~810,~~584~~937.8811 0 0.00 0.00 Group IV 2017 54,~~239~~988,~~300~~550.00 5,~~247~~001,~~729~~156.4241 0 0.00 0.00 Total 6766 2125,~~886~~245,~~350~~400.00 2125,~~869~~218,~~638~~357.8317 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 I 0 0.00 0.00 0 0.00 0.00 3035,~~461~~894.3753 Group II 0 0.00 0.00 0 0.00 0.00 ~~532~~389,~~521~~282.9032 Group III 0 0.00 0.00 0 0.00 0.00 ~~102~~163,~~664~~032.6822 Group IV 0 0.00 0.00 0 0.00 0.00 ~~193~~153,~~762~~479.6662 Total 0 0.00 0.00 0 0.00 0.00 ~~859~~741,~~410~~688.6169

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Group I ~~0088661483~~0088585260 CA 6962.1150 01-Feb-2006 ~~311~~1,000,000.00 ~~311~~1,~~659~~005,398.1937 Group I ~~0088671128~~0088763024 GAOH 80.00 01-Feb-2006 ~~268~~125,~~000~~600.00 ~~268~~126,~~164~~287.9516 Group I ~~0202679502~~0202719555 TXAR 8081.0095 01-Feb-2006 ~~424~~229,~~000~~500.00 ~~424~~230,~~501~~362.8863 Group III ~~0202697777~~0087730776 CANJ 80.00 01-~~Feb~~Jan-2006 ~~237~~288,~~600~~000.00 ~~237~~287,~~983~~281.3729 Group III ~~0202706099~~0087746871 ARCA 80.00 01-~~Jan~~Dec-~~2006~~2005 ~~208~~396,000.00 ~~208~~398,~~498~~923.6516 Group II ~~0087666319~~0087776118 CA 80.00 01-~~Oct~~Nov-2005 ~~280~~328,000.00 ~~282~~330,~~043~~024.2529 Group II ~~0087927539~~0087922290 ORVA 80.00 01-~~Dec~~Mar-~~2005~~2006 ~~174~~356,~~600~~700.00 ~~175~~355,~~307~~849.1996 Group II ~~0088078910~~0088060223 CANJ 6379.6886 01-Dec-2005 ~~207~~291,~~000~~500.00 ~~206~~288,~~570~~465.4272 Group II ~~0088126339~~0088162490 WACO 6678.6612 01-~~Jan~~Dec-~~2006~~2005 ~~350~~125,000.00 ~~350~~126,~~827~~027.4595 Group II ~~0088146147~~0088204540 COCA 8054.0086 01-Dec-2005 ~~156~~182,~~000~~250.00 ~~156~~179,~~618~~935.2706 Group II ~~0088180195~~0088205588 WAIL 7580.00 01-Dec-2005 ~~285~~190,000.00 ~~285~~189,~~862~~647.9026 Group II ~~0088188404~~0088257134 NJCA 8068.0033 01-~~Dec~~Feb-~~2005~~2006 ~~340~~300,000.00 ~~341~~300,~~396~~576.9906 Group II ~~0088203732~~0088300371 ARCA 72.4500 01-~~Dec~~Jan-~~2005~~2006 ~~200~~180,000.00 ~~201~~180,~~618~~507.1415 Group II ~~0088217153~~0088364765 ARFL 6563.7715 01-Jan-2006 ~~273~~168,000.00 ~~273~~168,~~575~~572.3839 Group II ~~0088228309~~0088382478 GAVA 9080.00 01-~~Dec~~Jan-~~2005~~2006 ~~141~~294,~~300~~000.00 ~~141~~295,~~682~~103.4572 Group II ~~0088248240~~0088388897 GAMD 7380.6300 01-~~Dec~~Jan-~~2005~~2006 ~~162~~212,000.00 ~~160~~212,~~804~~800.6890 Group II ~~0088278718~~0088389291 WAVA 80.00 01-~~Dec~~Jan-~~2005~~2006 ~~356~~400,000.00 ~~359~~399,~~370~~506.2872 Group II ~~0088343108~~0088419981 CAFL 3380.0600 01-Jan-2006 ~~120~~84,000.00 ~~120~~84,~~552~~306.0322 Group II ~~0088348719~~0088459268 WAVA 7180.8600 01-~~Jan~~Feb-2006 ~~229~~280,~~950~~800.00 ~~230~~281,~~434~~138.6276 Group II ~~0088358213~~0088474333 ARCA 7969.4800 01-Jan-2006 ~~244~~345,~~800~~000.00 ~~244~~343,~~303~~277.1718 Group II ~~0088409065~~0088582200 CATX 7780.1300 01-~~Jan~~Feb-2006 ~~405~~264,000.00 ~~403~~264,~~986~~556.8641 Group II ~~0088411137~~0088598768 COFL 7980.6900 01-~~Jan~~Feb-2006 ~~263~~209,~~000~~600.00 ~~261~~210,~~396~~129.0223 Group II ~~0088413232~~0088639901 VACA 80.00 01-Feb-2006 ~~264~~296,000.00 ~~263~~296,~~975~~859.7736 Group II ~~0088459987~~0088653266 WICA 80.00 01-~~Jan~~Feb-2006 ~~185~~308,~~600~~000.00 ~~185~~308,~~988~~784.1429 Group II ~~0088498357~~0088673678 FLOR 7976.9825 01-~~Feb~~Mar-2006 ~~107~~183,~~900~~000.00 ~~107~~183,~~876~~021.6822 Group II ~~0088528187~~0088682091 CANJ 8880.9800 01-Feb-2006 ~~367~~336,~~500~~000.00 ~~367~~336,~~458~~611.7780 Group II ~~0088600044~~0088692215 CACO 80.00 01-~~Feb~~Mar-2006 ~~384~~128,000.00 ~~378~~127,~~756~~856.4735 Group II ~~0088648316~~0088758776 MNVA 7966.9841 01-~~Feb~~Mar-2006 ~~228~~222,~~300~~500.00 ~~228~~222,~~231~~525.5882 Group II ~~0088650759~~0202457594 CANY 80.00 01-~~Feb~~Oct-~~2006~~2005 ~~256~~340,000.00 ~~256~~336,~~276~~290.3826 Group II ~~0088652201~~0202646352 CA ~~79.~~80.00 01-~~Feb~~Jan-2006 ~~340~~300,000.00 ~~339~~298,~~968~~614.7882 Group II ~~0088759121~~0202687653 WANJ 7990.9800 01-~~Mar~~Feb-2006 ~~101~~315,~~500~~900.00 ~~101~~315,~~530~~390.8175 Group II ~~0202625794~~0202698429 GACA 8090.00 01-~~Dec~~Feb-~~2005~~2006 83351,~~200~~000.00 83351,~~367~~502.6333 Group II ~~0202640504~~0202705489 WACA 80.00 01-~~Dec~~Jan-~~2005~~2006 ~~384~~368,000.00 ~~386~~370,~~673~~129.06 Group IIIII ~~0202710562~~0088094230 ARCA 8079.0080 01-Feb-2006 ~~312~~1,315,000.00 ~~312~~1,~~062~~305,520.3292 Group III ~~0087764064~~0088408836 NMCA 7269.2265 01-~~Oct~~Feb-~~2005~~2006 78600,000.00 78589,~~310~~992.6650 Group III ~~0088001169~~0088471875 VACA 8016.0085 01-~~Nov~~Feb-~~2005~~2006 ~~312~~927,000.00 ~~315~~920,~~487~~367.0318 Group III ~~0088165295~~0088480132 NJMA 7880.3000 01-~~Dec~~Feb-~~2005~~2006 ~~415~~544,000.00 ~~415~~545,~~883~~146.4756 Group III ~~0088214382~~0088558408 CA 3480.7000 01-Feb-2006 1488,~~492,~~000.00 1489,~~484,885~~469.9660 Group III ~~0088533880~~0088578745 CA 7965.7222 01-Feb-2006 ~~605~~600,000.00 ~~605~~597,~~716~~314.1408 Group III ~~0088567706~~0088578802 CA 8055.0056 01-Feb-2006 ~~494~~600,~~400~~000.00 ~~494~~597,~~232~~314.1908 Group III ~~0088583810~~0088586615 CA 5560.5695 01-Feb-2006 1701,000~~,000~~.00 1695,~~000,095~~387.7689 Group III ~~0088587282~~0088594502 CA 8075.00 01-Feb-2006 ~~592~~731,~~000~~250.00 ~~589~~734,~~177~~613.2793 Group III ~~0088595673~~0088596358 CAWA 80.00 01-Feb-2006 ~~372~~636,000.00 ~~369~~639,~~338~~058.2861 Group III ~~0088599386~~0088623517 NJCA 8060.0050 01-~~Mar~~Feb-2006 ~~620~~590,000.00 ~~618~~581,~~522~~470.5048 Group III ~~0088606439~~0088627609 CANJ 8085.00 01-Feb-2006 ~~774~~446,~~400~~250.00 ~~748~~446,~~859~~199.0595 Group III ~~0088664214~~0088658083 CA 5680.5200 01-Feb-2006 ~~650~~810,~~000~~400.00 ~~650~~810,~~007~~755.8978 Group III ~~0088699459~~0088733423 CA 80.00 01-Feb-2006 ~~592~~612,000.00 ~~592~~614,~~068~~815.6835 Group IVIII ~~0087954178~~0202708319 ILCA 7755.6613 01-~~Dec~~Feb-~~2005~~2006 ~~160~~772,000.00 ~~160~~755,~~464~~777.1275 Group IVIII ~~0087954608~~0202714390 ILPA 80.00 01-~~Dec~~Feb-~~2005~~2006 ~~169~~485,~~200~~600.00 ~~169~~487,~~185~~732.9945 Group IV ~~0087955373~~0088042528 ILCA 7780.6600 01-Dec-2005 ~~160~~416,000.00 ~~160~~414,~~464~~950.1218 Group IV ~~0088108931~~0088054796 MICA 80.00 01-~~Dec~~Jan-~~2005~~2006 ~~120~~416,~~000~~800.00 ~~120~~418,~~936~~757.3079 Group IV ~~0088133582~~0088142682 CAMI 5978.2297 01-Dec-2005 ~~170~~308,000.00 ~~171~~306,~~384~~375.0342 Group IV ~~0088240130~~0088258124 CA 6980.2200 01-~~Dec~~Jan-~~2005~~2006 380,000.00 382,~~084~~198.1043 Group IV ~~0088270699~~0088287610 CAMI 8078.0073 01-~~Jan~~Feb-2006 ~~389~~70,~~600~~150.00 ~~390~~70,~~510~~328.7363 Group IV ~~0088274717~~0088312087 CA 7379.5527 01-Jan-2006 ~~331~~363,~~000~~300.00 ~~329~~365,~~315~~006.2250 Group IV ~~0088361886~~0088315619 MICA 8073.0050 01-Jan-2006 ~~172~~294,000.00 ~~172~~294,~~588~~826.7065 Group IV ~~0088400460~~0088321021 CAAR 8074.0008 01-Jan-2006 ~~382~~223,000.00 ~~383~~224,~~916~~047.8845 Group IV ~~0088437686~~0088399142 ORWA 80.00 01-Jan-2006 ~~128~~236,000.00 ~~128~~237,~~180~~588.7715 Group IV ~~0088472618~~0088407986 CA 8043.0018 01-Jan-2006 ~~296~~285,000.00 ~~296~~287,~~691~~281.9218 Group IV ~~0088497847~~0088527650 COCA 7167.77 01-~~Jan~~Feb-2006 ~~323~~305,000.00 ~~322~~304,~~493~~252.2686 Group IV ~~0088586847~~0088607544 CA 80.00 01-Feb-2006 ~~372~~384,000.00 ~~372~~383,~~120~~268.4902 Group IV ~~0088599345~~0088639471 MICA 5755.2213 01-Feb-2006 ~~325~~215,000.00 ~~325~~215,~~037~~510.7188 Group IV ~~0088664065~~0088647003 MIWA 7980.6200 01-Feb-2006 ~~172~~164,~~000~~800.00 ~~171~~165,~~122~~188.3398 Group IV ~~0088670245~~0088659958 OHCA 7988.0520 01-Feb-2006 ~~209~~467,500.00 ~~208~~469,~~523~~632.7087 Group IV ~~0088711379~~0088671771 MOCA 8066.0066 01-Feb-2006 ~~392~~200,000.00 ~~393~~201,~~186~~428.1214 Group IV ~~0202677795~~0202703377 ~~AR 77.91 01-Jan-2006 300,000.00 301,460.38 Group IV 0202736476~~ CA 80.00 01-Feb-2006 ~~288~~260,000.00 ~~288~~260,~~062~~514.5528

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Group I ~~0088661483~~0088585260 Loan Paid in Full 0 78.~~875~~000% 480 34 Group I ~~0088671128~~0088763024 Loan Paid in Full 0(1) 7.~~875~~250% 360 34 Group I ~~0202679502~~0202719555 Loan Paid in Full 0 68.~~750~~375% 480 34 Group III ~~0202697777~~0087730776 Loan Paid in Full 0(1) 87.~~125~~500% ~~480~~360 35 Group III ~~0202706099~~0087746871 Loan Paid in Full ~~(1)~~0 87.~~000~~250% ~~480~~360 46 Group II ~~0087666319~~0087776118 Loan Paid in Full 0 67.~~750~~500% 360 7 Group II ~~0087927539~~0087922290 Loan Paid in Full 0 7.~~375~~000% 360 53 Group II ~~0088078910~~0088060223 Loan Paid in Full 0 7.~~250~~500% ~~480~~360 56 Group II ~~0088126339~~0088162490 Loan Paid in Full ~~(1)~~0 7.~~125~~500% 360 46 Group II ~~0088146147~~0088204540 Loan Paid in Full 0(1) 7.~~250~~125% 360 56 Group II ~~0088180195~~0088205588 Loan Paid in Full 0 7.375% 360 56 Group II ~~0088188404~~0088257134 Loan Paid in Full 0 67.~~875~~125% 360 54 Group II ~~0088203732~~0088300371 Loan Paid in Full ~~(1)~~0 7.~~375~~250% ~~480~~360 5 Group II ~~0088217153~~0088364765 Loan Paid in Full 0 67.~~875~~500% 360 45 Group II ~~0088228309~~0088382478 Loan Paid in Full 0 67.~~750~~125% 360 5 Group II ~~0088248240~~0088388897 Loan Paid in Full 0 6.~~875~~750% 360 5 Group II ~~0088278718~~0088389291 Loan Paid in Full ~~(1)~~0 67.~~750~~000% ~~480~~360 5 Group II ~~0088343108~~0088419981 Loan Paid in Full 0 7.125% ~~480~~360 45 Group II ~~0088348719~~0088459268 Loan Paid in Full 0 67.~~875~~375% 360 4 Group II ~~0088358213~~0088474333 Loan Paid in Full 0 76.~~375~~750% 360 45 Group II ~~0088409065~~0088582200 Loan Paid in Full 0(1) 76.~~125~~875% 360 4 Group II ~~0088411137~~0088598768 Loan Paid in Full 0 7.125% 360 4 Group II ~~0088413232~~0088639901 Loan Paid in Full 0 67.~~875~~375% ~~360~~480 34 Group II ~~0088459987~~0088653266 Loan Paid in Full 0 67.~~875~~500% 360 4 Group II ~~0088498357~~0088673678 Loan Paid in Full 0 67.~~875~~125% 360 3 Group II ~~0088528187~~0088682091 Loan Paid in Full 0 7.~~000~~500% 360 34 Group II ~~0088600044~~0088692215 Loan Paid in Full 0 67.~~750~~375% 360 3 Group II ~~0088648316~~0088758776 Loan Paid in Full 0 67.~~625~~125% 360 3 Group II ~~0088650759~~0202457594 Loan Paid in Full 0 6.~~625~~750% ~~480~~360 38 Group II ~~0088652201~~0202646352 Loan Paid in Full 0(1) 67.~~875~~000% 360 35 Group II ~~0088759121~~0202687653 Loan Paid in Full ~~(1)~~0 7.~~375~~500% 360 24 Group II ~~0202625794~~0202698429 Loan Paid in Full 0 7.~~000~~250% 360 54 Group II ~~0202640504~~0202705489 Loan Paid in Full ~~(1)~~0 7.~~000~~500% 360 5 Group IIIII ~~0202710562~~0088094230 Loan Paid in Full 0(1) 7.375% 360 34 Group III ~~0087764064~~0088408836 Loan Paid in Full 0 7.000% 360 74 Group III ~~0088001169~~0088471875 Loan Paid in Full 0 7.~~375~~000% ~~480~~360 64 Group III ~~0088165295~~0088480132 Loan Paid in Full 0 76.~~250~~875% 360 54 Group III ~~0088214382~~0088558408 Loan Paid in Full 0 7.~~000~~500% 360 34 Group III ~~0088533880~~0088578745 Loan Paid in Full 0(1) 67.~~750~~250% ~~480~~360 34 Group III ~~0088567706~~0088578802 Loan Paid in Full 0(1) 67.~~625~~250% 360 34 Group III ~~0088583810~~0088586615 Loan Paid in Full 0(1) 7.~~250~~000% 360 34 Group III ~~0088587282~~0088594502 Loan Paid in Full 0 67.~~875~~125% ~~360~~480 34 Group III ~~0088595673~~0088596358 Loan Paid in Full ~~(1)~~0 7.~~375~~250% ~~360~~480 34 Group III ~~0088599386~~0088623517 Loan Paid in Full 0 67.~~875~~500% 360 24 Group III ~~0088606439~~0088627609 Loan Paid in Full ~~(1)~~0 7.125% 360 34 Group III ~~0088664214~~0088658083 Loan Paid in Full 0 76.~~000~~750% 360 34 Group III ~~0088699459~~0088733423 Loan Paid in Full 0 7.125% ~~360~~480 34 Group IVIII ~~0087954178~~0202708319 Loan Paid in Full (1) 7.~~375~~000% 360 54 Group IVIII ~~0087954608~~0202714390 Loan Paid in Full ~~(1)~~0 7.~~375~~000% ~~360~~480 54 Group IV ~~0087955373~~0088042528 Loan Paid in Full ~~(1)~~0 7.~~375~~500% 360 56 Group IV ~~0088108931~~0088054796 Loan Paid in Full ~~(1)~~0 7.~~250~~500% 360 5 Group IV ~~0088133582~~0088142682 Loan Paid in Full 0 7.~~375~~500% ~~480~~360 56 Group IV ~~0088240130~~0088258124 Loan Paid in Full 0 7.~~375~~500% ~~480~~360 5 Group IV ~~0088270699~~0088287610 Loan Paid in Full 0 7.~~375~~500% 360 4 Group IV ~~0088274717~~0088312087 Loan Paid in Full 0 7.~~375~~500% ~~480~~360 45 Group IV ~~0088361886~~0088315619 Loan Paid in Full ~~(1)~~0 76.~~125~~750% 360 45 Group IV ~~0088400460~~0088321021 Loan Paid in Full 0 7.~~375~~500% ~~480~~360 45 Group IV ~~0088437686~~0088399142 Loan Paid in Full 0(1) 7.~~375~~250% 360 45 Group IV ~~0088472618~~0088407986 Loan Paid in Full 0 7.~~375~~500% ~~360~~480 45 Group IV ~~0088497847~~0088527650 Loan Paid in Full 0 7.375% ~~360~~480 4 Group IV ~~0088586847~~0088607544 Loan Paid in Full 0(1) 7.~~375~~500% ~~360~~480 34 Group IV ~~0088599345~~0088639471 Loan Paid in Full 0 7.~~125~~500% 360 34 Group IV ~~0088664065~~0088647003 Loan Paid in Full 0 7.~~375~~500% 360 34 Group IV ~~0088670245~~0088659958 Loan Paid in Full 0 7.~~250~~500% ~~360~~480 34 Group IV ~~0088711379~~0088671771 Loan Paid in Full (1) 7.~~375~~500% ~~360 3 Group IV 0202677795 Loan Paid in Full 0 7.375%~~ 480 4 Group IV ~~0202736476~~0202703377 Loan Paid in Full 0 7.250% 360 34

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 1.~~182~~362% Current Month 1315.~~295~~175% Current Month 1,~~917~~698.~~486~~282% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 13.295% N/A May-2006 1,917.486% N/A Jun-2006 15.175% N/A Jun-2006 1,698.282% 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 I SMM CPR PSA Current Month 1.~~673~~600% Current Month 1817.~~330~~602% Current Month 32,~~117~~234.~~687~~557% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 18.330% N/A May-2006 3,117.687% N/A Jun-2006 17.602% N/A Jun-2006 2,234.557% 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 II SMM CPR PSA Current Month 0.~~910~~998% Current Month 1011.~~390~~339% Current Month 1,~~388~~195.~~027~~503% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 10.390% N/A May-2006 1,388.027% N/A Jun-2006 11.339% N/A Jun-2006 1,195.503% 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 III SMM CPR PSA Current Month 12.~~975~~733% Current Month 2128.~~285~~289% Current Month 3,500.~~771~~209% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 21.285% N/A May-2006 3,500.771% N/A Jun-2006 28.289% N/A Jun-2006 3,500.209% 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 IV SMM CPR PSA Current Month 0.~~945~~901% Current Month 10.~~771~~296% Current Month 1,~~566~~160.~~036~~398% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs. 12mo Average* PSA: Current vs. 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~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 N/A N/A Mar-2006 N/A N/A Apr-2006 N/A N/A Apr-2006 N/A N/A May-2006 10.771% N/A May-2006 1,566.036% N/A Jun-2006 10.296% N/A Jun-2006 1,160.398% 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 I Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 5.750 0 0.00 0.000 0 0.00 0.000 5.750 5.999 0 0.00 0.000 0 0.00 0.000 6.000 6.249 52 1628,~~335,173~~018.8180 0.~~070~~033 0 0.00 0.000 6.250 6.499 2910 82,~~526~~777,~~517~~652.1340 0.~~449~~148 0 0.00 0.000 6.500 6.749 ~~204~~69 7022,~~346~~630,~~637~~095.4754 31.~~701~~204 0 0.00 0.000 6.750 6.999 ~~756~~355 ~~257~~122,~~693~~205,~~682~~253.6335 136.~~559~~501 1 ~~253~~254,~~773~~377.3239 0.~~292~~296 7.000 7.249 1,~~315~~159 ~~411~~374,~~857~~550,~~338~~818.0887 2119.~~671~~924 52 ~~994~~393,~~138~~865.9522 10.~~142~~458 7.250 7.499 31,~~683~~369 1416,~~072~~283,~~500,977~~726.9253 5622.~~432~~144 2312 83,~~300~~383,~~201~~900.2151 93.~~535~~937 7.500 7.749 482,990 15871,~~520~~964,~~214~~163.6530 046.~~817~~383 4839 1513,~~520~~791,~~214~~206.6554 1716.~~829~~046 7.750 7.999 5544 1815,~~680~~049,~~640~~159.8365 0.~~983~~801 5544 1815,~~680~~049,~~640~~159.8365 2117.~~460~~510 8.000 8.249 6370 1720,~~571~~621,~~759~~286.8111 01.~~925~~097 6270 1620,~~813~~621,~~684~~286.2811 1923.~~315~~993 8.250 8.499 96120 2633,~~486~~215,~~319~~195.2835 1.~~394~~767 96119 2632,~~486~~453,~~319~~849.2808 3037.~~427~~760 >= 8.500 0 0.00 0.000 0 0.00 0.000 Total 6,~~254~~188 1,~~900~~879,~~519~~925,~~261~~369.6190 100.000 ~~290~~287 8785,~~048~~947,~~972~~644.5250 100.000

Interest Rate Stratification (continued) Group II Group III Current Number of Outstanding Percentage of Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Loans Scheduled Balance(%) Range(%) Balance($) Balance($) < 5.750 0 0.00 0.000 0 0.00 0.000 5.750 5.999 0 0.00 0.000 0 0.00 0.000 6.000 6.249 31 ~~831~~410,~~711~~158.0007 0.~~099~~049 0 0.00 0.000 6.250 6.499 176 41,~~441~~567,~~824~~629.7551 0.~~527~~187 30 ~~1,438,757~~0.8200 0.~~359~~000 6.500 6.749 ~~111~~36 289,~~353~~476,~~117~~583.8747 31.~~364~~133 5515 297,~~722~~051,~~855~~731.7078 71.~~424~~806 6.750 6.999 ~~495~~200 ~~136~~52,~~645~~385,~~266~~969.0756 166.~~212~~261 ~~165~~86 8948,~~399~~977,~~790~~870.3527 2212.~~329~~541 7.000 7.249 ~~849~~795 ~~227~~214,~~759~~936,~~088~~008.6970 2725.~~022~~689 ~~269~~243 ~~129~~122,~~184~~545,~~898~~149.7246 3231.~~267~~377 7.250 7.499 ~~1,744~~845 ~~444~~222,~~830~~499,~~637~~427.8223 5226.~~776~~593 ~~332~~233 ~~149~~105,~~864~~429,~~093~~243.8633 3726.~~432~~995 7.500 7.749 01,306 0335,422,833.0072 040.~~000~~089 0231 0105,789,376.0080 027.~~000~~087 7.750 7.999 0 0.00 0.000 0 0.00 0.000 8.000 8.249 0 0.00 0.000 10 ~~758,075~~0.5300 0.~~189~~000 8.250 8.499 0 0.00 0.000 01 0761,346.0027 0.~~000~~195 >= 8.500 0 0.00 0.000 0 0.00 0.000 Total 3,~~219~~189 ~~842~~836,~~861~~698,~~646~~610.2026 100.000 ~~825~~809 ~~400~~390,~~368~~554,~~471~~717.9891 100.000

Interest Rate Stratification (continued) Group IV Current Number of Outstanding Percentage of Interest Rate Loans Scheduled Balance(%) Range(%) Balance($) < 5.750 0 0.00 0.000 5.750 5.999 0 0.00 0.000 6.000 6.249 21 ~~503~~217,~~462~~860.8173 0.~~088~~038 6.250 6.499 94 21,~~645~~210,~~934~~022.5689 0.~~464~~214 6.500 6.749 3818 126,~~270~~101,~~663~~780.9029 21.~~152~~077 6.750 6.999 9568 3120,~~394~~587,~~852~~036.8913 53.~~506~~633 7.000 7.249 ~~192~~119 5336,~~919~~675,~~211~~795.7249 96.~~456~~472 7.250 7.499 ~~1,584~~279 ~~469~~84,~~506~~971,~~045~~155.0346 8214.~~335~~993 7.500 7.749 01,414 0416,960,746.0024 073.~~000~~574 7.750 7.999 0 0.00 0.000 8.000 8.249 0 0.00 0.000 8.250 8.499 0 0.00 0.000 >= 8.500 0 0.00 0.000 Total 1,~~920~~903 ~~570~~566,~~240~~724,~~170~~397.9123 100.000

Filing Compare · GreenPoint MFT 2006-AR3