EX-99.1 2 v033939_ex99-1.txt Page 1 ChaseFlex Trust Series 2005-1 Statement to Certificateholders January 25, 2006

IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Janet M Russo JPMorgan Chase Bank, N.A. - Structured Finance Services 4 New York Plaza, 6th Floor New York, New York 10004 Tel: (212) 623-4508 / Fax: (212) 623-5930 Email: janet.russo@chase.com Copyright 2005 J.P. Morgan Chase & Co. All rights reserved. Page 2 ChaseFlex Trust Series 2005-1 January 25, 2006 Total Scheduled Principal Amount 401,390.15 Subgroup 1-AP Scheduled Principal Amount 391.51 Subgroup 1-1 Scheduled Principal Amount 47,145.04 Subgroup 1-2 Scheduled Principal Amount 123,796.05 Subgroup 1-3 Scheduled Principal Amount 73,561.27 Subgroup 2-AP Scheduled Principal Amount 572.56 Subgroup 2-1 Scheduled Principal Amount 66,771.77 Subgroup 2-2 Scheduled Principal Amount 13,811.69 Subgroup 3-AP Scheduled Principal Amount 1,583.59 Subgroup 3-1 Scheduled Principal Amount 73,756.67 Total Unscheduled Principal Amounts 5,228,794.19 Subgroup 1-AP Unscheduled Principal Amount 24.52 Subgroup 1-1 Unscheduled Principal Amount 417,094.78 Subgroup 1-2 Unscheduled Principal Amount 1,720,193.57 Subgroup 1-3 Unscheduled Principal Amount 1,759,801.73 Subgroup 2-AP Unscheduled Principal Amount 10,659.14 Subgroup 2-1 Unscheduled Principal Amount 459,733.46 Subgroup 2-2 Unscheduled Principal Amount 29,408.71 Subgroup 3-AP Unscheduled Principal Amount 14,350.22 Subgroup 3-1 Unscheduled Principal Amount 817,528.06 Subgroup 1-1 One Month CPR 11.176929% Subgroup 1-2 One Month CPR 15.960321% Subgroup 1-3 One Month CPR 24.908995% Subgroup 2-1 One Month CPR 8.827585% Subgroup 2-2 One Month CPR 2.771286% Subgroup 3-1 One Month CPR 12.950417% Total Repurchase Proceeds 0.00 Subgroup AP Repurchase Proceeds 0.00 Subgroup 1-1 Repurchase Proceeds 0.00 Subgroup 1-2 Repurchase Proceeds 0.00 Subgroup 1-3 Repurchase Proceeds 0.00 Subgroup 2-1 Repurchase Proceeds 0.00 Subgroup 2-2 Repurchase Proceeds 0.00 Subgroup 3-1 Repurchase Proceeds 0.00

Copyright 2005 J.P. Morgan Chase & Co. All rights reserved. Page 3 ChaseFlex Trust Series 2005-1 January 25, 2006 Total Beginning Principal Balance of Mortgage Loans 383,297,646.12 Subgroup 1-AP Beginning Principal Balance 327,931.03 Subgroup 1-1 Beginning Principal Balance 42,159,969.22 Subgroup 1-2 Beginning Principal Balance 119,701,108.84 Subgroup 1-3 Beginning Principal Balance 74,673,806.91 Subgroup 2-AP Beginning Principal Balance 483,992.55 Subgroup 2-1 Beginning Principal Balance 60,897,034.86 Subgroup 2-2 Beginning Principal Balance 12,585,563.60 Subgroup 3-AP Beginning Principal Balance 1,439,395.55 Subgroup 3-1 Beginning Principal Balance 71,028,843.55 Total Ending Principal Balance of Mortgage Loans 377,667,461.79 Subgroup 1-AP Ending Principal Balance 327,515.00 Subgroup 1-1 Ending Principal Balance 41,695,729.41 Subgroup 1-2 Ending Principal Balance 117,857,119.22 Subgroup 1-3 Ending Principal Balance 72,840,443.92 Subgroup 2-AP Ending Principal Balance 472,760.85 Subgroup 2-1 Ending Principal Balance 60,370,529.62 Subgroup 2-2 Ending Principal Balance 12,542,343.21 Subgroup 3-AP Ending Principal Balance 1,423,461.75 Subgroup 3-1 Ending Principal Balance 70,137,558.81 Aggregate Amount of Servicer Advances 302,218.54 Aggregate Recovered Advances 225,644.91 Aggregate Number of Outstanding Mortgage Loans 2,198.00 Aggregate Weighted Average Coupon 6.308963% Aggregate Weighted Average Remaining Term 347 Servicing Fees 84,964.31 Group AP Servicing Fees 499.04 Group 1 Servicing Fees 52,431.90 Group 2 Servicing Fees 16,288.64 Group 3 Servicing Fees 15,744.73 Total Net Liquidation Proceeds 0.00 Group 1 Net Liquidation Proceeds 0.00 Group 2 Net Liquidation Proceeds 0.00 Group 3 Net Liquidation Proceeds 0.00

Copyright 2005 J.P. Morgan Chase & Co. All rights reserved. Page 4 ChaseFlex Trust Series 2005-1 January 25, 2006 Sec. 6.02(vii) Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency ---------------------------------------------------------------------------- Delinquency Totals ---------------------------------------------------------------------------- Group Totals ---------------------------------------------------------------------------- Category Number Principal Balance Percentage ---------------------------------------------------------------------------- 1 Month 41 7,721,617.19 2.04 % 2 Month 14 2,901,654.44 0.77 % 3 Month 9 1,290,203.17 0.34 % Total 64 11,913,474.80 3.15 % ---------------------------------------------------------------------------- Sec. 6.02(viii) Number and Aggregate Principal Amounts of Mortgage Loans in Foreclosure ---------------------------------------------------------------------------- Foreclosure Totals ---------------------------------------------------------------------------- Number of Loans Principal Balance Percentage ---------------------------------------------------------------------------- 10 1,200,626.56 0.32% ---------------------------------------------------------------------------- Number and Aggregate Principal Amounts of REO Loans ---------------------------------------------------------------------------- REO Totals ---------------------------------------------------------------------------- Number of Loans Principal Balance Percentage ---------------------------------------------------------------------------- 0 0.00 0.00% ---------------------------------------------------------------------------- Current Period Aggregate Realized Losses 0.00 Current Period Group 1 Realized Losses 0.00 Current Period Group 2 Realized Losses 0.00 Current Period Group 3 Realized Losses 0.00 Cumulative Realized Losses 0.00 Cumulative Period Group 1 Realized Losses 0.00 Cumulative Period Group 2 Realized Losses 0.00 Cumulative Period Group 3 Realized Losses 0.00 Fraud Loss Amount 9,480,079.00 Bankruptcy Loss Amount 159,361.00 Special Hazard Loss Amount 4,740,040.00 Class A Principal Balance 356,310,842.27 Class AP Principal Balance 2,251,317.47 Class A Subgroup 1-1 Principal Balance 39,347,214.88 Class A Subgroup 1-2 Principal Balance 111,527,962.14 Class A Subgroup 1-3 Principal Balance 68,992,384.50 Class A Subgroup 2-1 Principal Balance 56,465,221.94 Class A Subgroup 2-2 Principal Balance 11,454,316.41 Class A Subgroup 3-1 Principal Balance 66,272,424.93 Class M Principal Balance 11,733,293.30 Class B Principal Balance 15,253,508.01 Class A Percentage 92.959309% Class AP Percentage 0.587355% Class A Subgroup 1-1 Percentage 93.328377% Class A Subgroup 1-2 Percentage 93.172038% Class A Subgroup 1-3 Percentage 92.391680% Class A Subgroup 2-1 Percentage 92.722449% Class A Subgroup 2-2 Percentage 91.011549% Class A Subgroup 3-1 Percentage 93.303539% Class M Percentage 3.061144% Class B Percentage 3.979547%

Copyright 2005 J.P. Morgan Chase & Co. All rights reserved. Page 5 ChaseFlex Trust Series 2005-1 January 25, 2006 Class A Group 1-1 Prepayment Percentage 100.0000% Class A Group 1-2 Prepayment Percentage 100.0000% Class A Group 1-3 Prepayment Percentage 100.0000% Class A Group 2-1 Prepayment Percentage 100.0000% Class A Group 2-2 Prepayment Percentage 100.0000% Class A Group 3-1 Prepayment Percentage 100.0000% Original Credit Support M 3.27% Original Credit Support B1 2.11% Original Credit Support B2 1.46% Original Credit Support B3 0.80% Original Credit Support B4 0.35% Current Credit Support M 4.00% Current Credit Support B1 2.59% Current Credit Support B2 1.79% Current Credit Support B3 0.99% Current Credit Support B4 0.43% Aggregate Outstanding Interest Shortfalls Class IA1 Shortfall 0.00 Class IA2 Shortfall 0.00 Class IA3 Shortfall 0.00 Class IA4 Shortfall 0.00 Class IA5 Shortfall 0.00 Class IIA1 Shortfall 0.00 Class IIA2 Shortfall 0.00 Class IIA3 Shortfall 0.00 Class IIA4 Shortfall 0.00 Class IIA5 Shortfall 0.00 Class IIA6 Shortfall 0.00 Class IIIA1 Shortfall 0.00 Class AR Shortfall 0.00 Class AX Shortfall 0.00 Class M Shortfall 0.00 Class B1 Shortfall 0.00 Class B2 Shortfall 0.00 Class B3 Shortfall 0.00 Class B4 Shortfall 0.00 Class B5 Shortfall 0.00 Compensating Interest Shortfalls Total Compensating Interest Shortfall 0.00 Compensating Interest Shortfall IA1 0.00 Compensating Interest Shortfall IA2 0.00 Compensating Interest Shortfall IA3 0.00 Compensating Interest Shortfall IA4 0.00 Compensating Interest Shortfall IA5 0.00 Compensating Interest Shortfall IIA1 0.00 Compensating Interest Shortfall IIA2 0.00 Compensating Interest Shortfall IIA3 0.00 Compensating Interest Shortfall IIA4 0.00 Compensating Interest Shortfall IIA5 0.00 Compensating Interest Shortfall IIA6 0.00 Compensating Interest Shortfall IIIA1 0.00 Compensating Interest Shortfall AR 0.00 Compensating Interest Shortfall AX 0.00 Compensating Interest Shortfall M 0.00 Compensating Interest Shortfall B1 0.00 Compensating Interest Shortfall B2 0.00 Compensating Interest Shortfall B3 0.00 Compensating Interest Shortfall B4 0.00 Compensating Interest Shortfall B5 0.00

Copyright 2005 J.P. Morgan Chase & Co. All rights reserved. Page 6 ChaseFlex Trust Series 2005-1 January 25, 2006 Total Relief Act 0.00 Relief Act Reduction IA1 0.00 Relief Act Reduction IA2 0.00 Relief Act Reduction IA3 0.00 Relief Act Reduction IA4 0.00 Relief Act Reduction IA5 0.00 Relief Act Reduction IIA1 0.00 Relief Act Reduction IIA2 0.00 Relief Act Reduction IIA3 0.00 Relief Act Reduction IIA4 0.00 Relief Act Reduction IIA5 0.00 Relief Act Reduction IIA6 0.00 Relief Act Reduction IIIA1 0.00 Relief Act Reduction AR 0.00 Relief Act Reduction AX 0.00 Relief Act Reduction M 0.00 Relief Act Reduction B1 0.00 Relief Act Reduction B2 0.00 Relief Act Reduction B3 0.00 Relief Act Reduction B4 0.00 Relief Act Reduction B5 0.00

CHASE MORTGAGE FINANCE CORP CHASEFLEX TRUST SERIES 2005-1 8-K