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NAAC Alternative Loan Trust, Series 2005-WF1 – ‘8-K’ for 12/27/05

On: Thursday, 1/5/06, at 11:38am ET · For: 12/27/05 · Accession #: 1056404-6-216 · File #: 333-109614-11

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 1/05/06  NAAC Alternative Loan T… 2005-WF1 8-K:8,9    12/27/05    1:62K                                    Norwest Asset SEC Co… Tr

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                        33±   155K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Financial Statements and Exhibits Other Events
1	1st Page - Filing Submission
"	Item 8.01. Other Events
"	Item 9.01. Financial Statements and Exhibits


 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
  Washington D. C. 20549

  FORM 8-K

  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

  Date of Report (Date of earliest event reported):  December 27, 2005

 NOMURA ASSET ACCEPTANCE CORPORATION
 Mortgage Pass-Through Certificates, Series 2005-WF1
  (Exact name of registrant as specified in its charter)

New York (governing law of          333-109614-11                               
Pooling and Servicing Agreement)    (Commission           54-2175577            
(State or other                     File Number)          54-2175578            
jurisdiction                                              IRS EIN               
of Incorporation)                                                               

c/o Wells Fargo Bank, N.A.                                        
9062 Old Annapolis Road                                           
Columbia, MD                                         21045        
(Address of principal executive offices)             (Zip Code)   

 Registrant's telephone number, including area code:  (410) 884-2000

(Former name or former address, if changed since last report)     

Check the appropriate box below if the Form 8-K filing is intended to           
simultaneously satisfy the filing obligation of the registrant under any        
of the following provisions (see General Instruction A.2. below):               

[ ] Written communications pursuant to Rule 425 under the Securities Act        
(17 CFR 230.425)                                                        

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act          
(17 CFR 240.14a-12)                                                     

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the         
Exchange Act(17 CFR 240.14d-2(b))                                       

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the         
Exchange Act(17 CFR 240.13e-4(c))                                       

ITEM 8.01  Other Events                                                         

On December 27, 2005 a distribution was made to holders of NOMURA ASSET       
ACCEPTANCE CORPORATION, Mortgage Pass-Through Certificates, Series 2005-WF1   
Trust.                                                                        

ITEM 9.01  Financial Statements and Exhibits                                    

(c)  Exhibits                                                       

Exhibit Number               Description                  

           EX-99.1                      Monthly report distributed to holders of
                                   Mortgage Pass-Through Certificates,
                                      Series 2005-WF1 Trust, relating to the
                               December 27, 2005 distribution.

Pursuant to the requirements of the Securities Exchange Act of 1934, the        
registrant has duly caused this report to be signed on its behalf by the        
undersigned hereunto duly authorized.                                           

 NOMURA ASSET ACCEPTANCE CORPORATION
 Mortgage Pass-Through Certificates, Series 2005-WF1 Trust
  (Registrant)

By:    Wells Fargo Bank, N.A. as Master Servicer    
By:   /s/   Beth Belfield as Officer                
By:    Beth Belfield as Officer                     
Date:  12/31/2005                                   

 INDEX TO EXHIBITS

Exhibit Number            Description                                           
EX-99.1                   Monthly report distributed to holders of Mortgage     
                     Pass-Through Certificates, Series 2005-WF1 Trust,
                   relating to the December 27, 2005 distribution.

EX-99.1                                                                       

Nomura Securities International, Inc.                                           
Mortgage Pass-Through Certificates                                              

Record Date:             11/30/2005                                             
Distribution Date:       12/27/2005                                             

Nomura Securities International, Inc.                                           
Mortgage Pass-Through Certificates                                              
Series NOMURA 2005-WF1                                                          

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                                     

                                                                [Download Table]

                  Certificateholder Distribution Summary                    

     Class       CUSIP        Certificate            Beginning      Interest
                             Pass-Through          Certificate  Distribution
                                     Rate              Balance              
                                                                            
      I-A    65535VLB2           6.22129%       168,296,281.21    872,516.57
    II-A-1A  65535VKT4           4.29125%        42,993,863.79    153,747.85
    II-A-1B  65535VLF3           4.30125%        57,040,204.23    204,453.48
    II-A-2   65535VKU1           4.78600%        66,685,000.00    265,962.01
    II-A-3   65535VKV9           5.10000%        20,573,000.00     87,435.25
    II-A-4   65535VKW7           5.59300%        25,440,000.00    118,571.60
    II-A-5   65535VKX5           5.15900%        29,162,000.00    125,372.30
      M-1    65535VKY3           5.45700%        12,091,000.00     54,983.82
      M-2    65535VKZ0           5.75500%         9,673,000.00     46,390.10
      M-3    65535VLA4           6.00000%         7,012,000.00     35,060.00
       X     65535VLC0           0.00000%         3,385,492.00    416,079.02
       P     65535VLD8           0.00000%               100.00    158,757.51
      R1     65535VLE6           0.00000%                 0.00          0.00

Totals                                          442,351,941.23  2,539,329.51

                                                        [Enlarge/Download Table]


                      Certificateholder Distribution Summary (continued)                       

     Class       Principal           Current             Ending              Total  Cummulative
              Distribution          Realized        Certificate       Distribution     Realized
                                        Loss            Balance                          Losses
                                                                                               
      I-A     3,928,333.42              0.00     164,367,947.79       4,800,849.99         0.00
    II-A-1A   3,889,952.47              0.00      39,103,911.33       4,043,700.32         0.00
    II-A-1B   5,160,822.12              0.00      51,879,382.11       5,365,275.60         0.00
    II-A-2            0.00              0.00      66,685,000.00         265,962.01         0.00
    II-A-3            0.00              0.00      20,573,000.00          87,435.25         0.00
    II-A-4            0.00              0.00      25,440,000.00         118,571.60         0.00
    II-A-5            0.00              0.00      29,162,000.00         125,372.30         0.00
      M-1             0.00              0.00      12,091,000.00          54,983.82         0.00
      M-2             0.00              0.00       9,673,000.00          46,390.10         0.00
      M-3             0.00              0.00       7,012,000.00          35,060.00         0.00
       X              0.00              0.00       3,385,492.00         416,079.02         0.00
       P              0.00              0.00             100.00         158,757.51         0.00
      R1              0.00              0.00               0.00               0.00         0.00

Totals       12,979,108.01              0.00     429,372,833.23      15,518,437.52         0.00


                                                        [Enlarge/Download Table]


                                      Principal Distribution Statement                                 

    Class         Original       Beginning          Scheduled          UnScheduled  Accretion  Realized
                      Face     Certificate          Principal            Principal                 Loss
                    Amount         Balance       Distribution         Distribution                     
                                                                                                       
     I-A    180,023,000.00  168,296,281.21               0.00         3,928,333.42       0.00      0.00
   II-A-1A   56,531,000.00   42,993,863.79               0.00         3,889,952.47       0.00      0.00
   II-A-1B   75,000,000.00   57,040,204.23               0.00         5,160,822.12       0.00      0.00
    II-A-2   66,685,000.00   66,685,000.00               0.00                 0.00       0.00      0.00
    II-A-3   20,573,000.00   20,573,000.00               0.00                 0.00       0.00      0.00
    II-A-4   25,440,000.00   25,440,000.00               0.00                 0.00       0.00      0.00
    II-A-5   29,162,000.00   29,162,000.00               0.00                 0.00       0.00      0.00
     M-1     12,091,000.00   12,091,000.00               0.00                 0.00       0.00      0.00
     M-2      9,673,000.00    9,673,000.00               0.00                 0.00       0.00      0.00
     M-3      7,012,000.00    7,012,000.00               0.00                 0.00       0.00      0.00
      X       1,451,614.29    3,385,492.00               0.00                 0.00       0.00      0.00
      P             100.00          100.00               0.00                 0.00       0.00      0.00
      R1              0.00            0.00               0.00                 0.00       0.00      0.00

Totals      483,641,714.29  442,351,941.23               0.00        12,979,108.01       0.00      0.00

                                                                [Download Table]


                 Principal Distribution Statement (continued)                  

     Class           Total             Ending             Ending          Total
                 Principal        Certificate        Certificate      Principal
                 Reduction            Balance         Percentage   Distribution
                                                                               
      I-A     3,928,333.42     164,367,947.79           0.913039   3,928,333.42
    II-A-1A   3,889,952.47      39,103,911.33           0.691725   3,889,952.47
    II-A-1B   5,160,822.12      51,879,382.11           0.691725   5,160,822.12
    II-A-2            0.00      66,685,000.00           1.000000           0.00
    II-A-3            0.00      20,573,000.00           1.000000           0.00
    II-A-4            0.00      25,440,000.00           1.000000           0.00
    II-A-5            0.00      29,162,000.00           1.000000           0.00
      M-1             0.00      12,091,000.00           1.000000           0.00
      M-2             0.00       9,673,000.00           1.000000           0.00
      M-3             0.00       7,012,000.00           1.000000           0.00
       X              0.00       3,385,492.00           2.332226           0.00
       P              0.00             100.00           1.000000           0.00
      R1              0.00               0.00           0.000000           0.00

Totals       12,979,108.01     429,372,833.23           0.887791  12,979,108.01


                                                        [Enlarge/Download Table]


                         Principal Distribution Factors Statement                         

 Class         Original     Beginning             Scheduled         UnScheduled  Accretion
                   Face   Certificate             Principal           Principal           
                 Amount       Balance          Distribution        Distribution           
                                                                                          
  I-A    180,023,000.00    934.859886              0.000000           21.821286   0.000000
II-A-1A   56,531,000.00    760.536056              0.000000           68.810962   0.000000
II-A-1B   75,000,000.00    760.536056              0.000000           68.810962   0.000000
II-A-2    66,685,000.00   1000.000000              0.000000            0.000000   0.000000
II-A-3    20,573,000.00   1000.000000              0.000000            0.000000   0.000000
II-A-4    25,440,000.00   1000.000000              0.000000            0.000000   0.000000
II-A-5    29,162,000.00   1000.000000              0.000000            0.000000   0.000000
  M-1     12,091,000.00   1000.000000              0.000000            0.000000   0.000000
  M-2      9,673,000.00   1000.000000              0.000000            0.000000   0.000000
  M-3      7,012,000.00   1000.000000              0.000000            0.000000   0.000000
   X       1,451,614.29   2332.225594              0.000000            0.000000   0.000000
   P             100.00   1000.000000              0.000000            0.000000   0.000000
  R1               0.00      0.000000              0.000000            0.000000   0.000000

                                                        [Enlarge/Download Table]


                                    Principal Distribution Factors Statement (continued)                           

    Class                 Realized                  Total                Ending                Ending         Total
                              Loss              Principal           Certificate           Certificate     Principal
                                                Reduction               Balance            Percentage  Distribution
                                                                                                                   
     I-A                  0.000000              21.821286            913.038599              0.913039     21.821286
   II-A-1A                0.000000              68.810962            691.725095              0.691725     68.810962
   II-A-1B                0.000000              68.810962            691.725095              0.691725     68.810962
    II-A-2                0.000000               0.000000          1,000.000000              1.000000      0.000000
    II-A-3                0.000000               0.000000          1,000.000000              1.000000      0.000000
    II-A-4                0.000000               0.000000          1,000.000000              1.000000      0.000000
    II-A-5                0.000000               0.000000          1,000.000000              1.000000      0.000000
     M-1                  0.000000               0.000000          1,000.000000              1.000000      0.000000
     M-2                  0.000000               0.000000          1,000.000000              1.000000      0.000000
     M-3                  0.000000               0.000000          1,000.000000              1.000000      0.000000
      X                   0.000000               0.000000          2,332.225594              2.332226      0.000000
      P                   0.000000               0.000000          1,000.000000              1.000000      0.000000
      R1                  0.000000               0.000000              0.000000              0.000000      0.000000
<FN>                                                                                                               
All Classes are per 1,000 denomination                                                                             
</FN>                                                                                                              

                                                        [Enlarge/Download Table]


                                           Interest Distribution Statement                                    

     Class        Accrual         Accrual            Current          Beginning       Current      Payment of 
                   Dates            Days         Certificate       Certificate/       Accrued  Unpaid Interest
                                                        Rate   Notional Balance      Interest        Shortfall
                                                                                                              
      I-A    11/01/05 - 11/30/05     30             6.22129%     168,296,281.21    872,516.57             0.00
    II-A-1A  11/25/05 - 12/24/05     30             4.29125%      42,993,863.79    153,747.85             0.00
    II-A-1B  11/25/05 - 12/24/05     30             4.30125%      57,040,204.23    204,453.48             0.00
    II-A-2   11/01/05 - 11/30/05     30             4.78600%      66,685,000.00    265,962.01             0.00
    II-A-3   11/01/05 - 11/30/05     30             5.10000%      20,573,000.00     87,435.25             0.00
    II-A-4   11/01/05 - 11/30/05     30             5.59300%      25,440,000.00    118,571.60             0.00
    II-A-5   11/01/05 - 11/30/05     30             5.15900%      29,162,000.00    125,372.30             0.00
      M-1    11/01/05 - 11/30/05     30             5.45700%      12,091,000.00     54,983.82             0.00
      M-2    11/01/05 - 11/30/05     30             5.75500%       9,673,000.00     46,390.10             0.00
      M-3    11/01/05 - 11/30/05     30             6.00000%       7,012,000.00     35,060.00             0.00
       X                     N/A    N/A             0.00000%     442,351,841.23          0.00             0.00
       P                     N/A    N/A             0.00000%             100.00          0.00             0.00
      R1                     N/A    N/A             0.00000%               0.00          0.00             0.00
Totals                                                                           1,964,492.98             0.00


                                                        [Enlarge/Download Table]

                                     Interest Distribution Statement (continued)                                 

      Class                Current       Non-Supported             Total          Remaining                Ending
                          Interest            Interest          Interest    Unpaid Interest  Certificate/Notional
                      Shortfall(1)           Shortfall      Distribution       Shortfall(2)               Balance
                                                                                                                 
       I-A                    0.00                0.00        872,516.57               0.00        164,367,947.79
     II-A-1A                  0.00                0.00        153,747.85               0.00         39,103,911.33
     II-A-1B                  0.00                0.00        204,453.48               0.00         51,879,382.11
     II-A-2                   0.00                0.00        265,962.01               0.00         66,685,000.00
     II-A-3                   0.00                0.00         87,435.25               0.00         20,573,000.00
     II-A-4                   0.00                0.00        118,571.60               0.00         25,440,000.00
     II-A-5                   0.00                0.00        125,372.30               0.00         29,162,000.00
       M-1                    0.00                0.00         54,983.82               0.00         12,091,000.00
       M-2                    0.00                0.00         46,390.10               0.00          9,673,000.00
       M-3                    0.00                0.00         35,060.00               0.00          7,012,000.00
        X                     0.00                0.00        416,079.02               0.00        429,372,733.22
        P                     0.00                0.00        158,757.51               0.00                100.00
       R1                     0.00                0.00              0.00               0.00                  0.00

Totals                        0.00                0.00      2,539,329.51               0.00                      
<FN>                                                                                                             
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable                                     
</FN>                                                                                                            

                                                         [Enlarge/Download Table]
                                                                                                           

                                       Interest Distribution Factors Statement                             

 Class          Accrual             Original       Current            Beginning    Current      Payment of 
                 Dates                  Face   Certificate  Certificate/Notional   Accrued  Unpaid Interest
                                      Amount          Rate               Balance  Interest        Shortfall
                                                                                                           
  I-A    11/01/05 - 11/30/05  180,023,000.00      6.22129%            934.859886  4.846695         0.000000
II-A-1A  11/25/05 - 12/24/05   56,531,000.00      4.29125%            760.536056  2.719709         0.000000
II-A-1B  11/25/05 - 12/24/05   75,000,000.00      4.30125%            760.536056  2.726046         0.000000
II-A-2   11/01/05 - 11/30/05   66,685,000.00      4.78600%           1000.000000  3.988333         0.000000
II-A-3   11/01/05 - 11/30/05   20,573,000.00      5.10000%           1000.000000  4.250000         0.000000
II-A-4   11/01/05 - 11/30/05   25,440,000.00      5.59300%           1000.000000  4.660833         0.000000
II-A-5   11/01/05 - 11/30/05   29,162,000.00      5.15900%           1000.000000  4.299167         0.000000
  M-1    11/01/05 - 11/30/05   12,091,000.00      5.45700%           1000.000000  4.547500         0.000000
  M-2    11/01/05 - 11/30/05    9,673,000.00      5.75500%           1000.000000  4.795834         0.000000
  M-3    11/01/05 - 11/30/05    7,012,000.00      6.00000%           1000.000000  5.000000         0.000000
   X     N/A                    1,451,614.29      0.00000%         304730.977283  0.000000         0.000000
   P     N/A                          100.00      0.00000%           1000.000000  0.000000         0.000000
  R1     N/A                            0.00      0.00000%              0.000000  0.000000         0.000000

                                                        [Enlarge/Download Table]

                                      Interest Distribution Factors Statement (continued)                                 

     Class                   Current          Non-Supported                 Total       Remaining Unpaid           Ending 
                            Interest               Interest              Interest               Interest      Certificate/
                        Shortfall(1)              Shortfall          Distribution           Shortfall(2)  Notional Balance
                                                                                                                          
      I-A                   0.000000               0.000000              4.846695               0.000000        913.038599
    II-A-1A                 0.000000               0.000000              2.719709               0.000000        691.725095
    II-A-1B                 0.000000               0.000000              2.726046               0.000000        691.725095
    II-A-2                  0.000000               0.000000              3.988333               0.000000       1000.000000
    II-A-3                  0.000000               0.000000              4.250000               0.000000       1000.000000
    II-A-4                  0.000000               0.000000              4.660833               0.000000       1000.000000
    II-A-5                  0.000000               0.000000              4.299167               0.000000       1000.000000
      M-1                   0.000000               0.000000              4.547500               0.000000       1000.000000
      M-2                   0.000000               0.000000              4.795834               0.000000       1000.000000
      M-3                   0.000000               0.000000              5.000000               0.000000       1000.000000
       X                    0.000000               0.000000            286.631940               0.000000     295789.822529
       P                    0.000000               0.000000        1587575.100000               0.000000       1000.000000
      R1                    0.000000               0.000000              0.000000               0.000000          0.000000
<FN>                                                                                                                      
(1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable.                                             

All Classes are per 1,000 denominations                                                                                   
</FN>                                                                                                                     

                                                        [Enlarge/Download Table]

                         Certificateholder Component Statement                               

          Component   Beginning             Ending         Beginning      Ending      Ending 
       Pass-Through    Notional           Notional         Component   Component   Component 
Class           Rate     Balance            Balance           Balance     Balance  Percentage

                                                                                             

                                                        [Enlarge/Download Table]


                                        CERTIFICATEHOLDER ACCOUNT STATEMENT               

                                                CERTIFICATE ACCOUNT                       

                                                                                          
Beginning Balance                                                                     0.00

Deposits                                                                                  
     Payments of Interest and Principal                                      15,366,645.28
     Reserve Funds and Credit Enhancements                                            0.00
     Proceeds from Repurchased Loans                                                  0.00
     Servicer Advances                                                          146,636.53
     Realized Loss (Gains, Subsequent Expenses & Recoveries)                          0.00
     Prepayment Penalties                                                       158,757.51
     Swap/Cap Payments                                                                0.00
Total Deposits                                                               15,672,039.32

Withdrawals                                                                               
     Swap Payments                                                                    0.00
     Reserve Funds and Credit Enhancements                                            0.00
     Reimbursement for Servicer Advances                                         55,915.77
     Total Administration Fees                                                   97,686.03
     Payment of Interest and Principal                                       15,518,437.52
Total Withdrawals (Pool Distribution Amount)                                 15,672,039.32
Ending Balance                                                                        0.00

                                                                [Download Table]


                                PREPAYMENT/CURTAILMENT INTEREST SHORTFALL      
                                                                               
Total Prepayment/Curtailment Interest Shortfall                            0.00
Servicing Fee Support                                                      0.00

Non-Supported Prepayment/Curtailment Interest Shortfall                    0.00

                                                                [Download Table]


                                        ADMINISTRATION FEES           
                                                                      
Gross Servicing Fee*                                         92,156.63
Credit Risk Management Fee, The Murrayhill Company            5,529.40
Supported Prepayment/Curtailment Interest Shortfall               0.00

Total Administration Fees                                    97,686.03
<FN>                                                                  
*Servicer Payees include: WELLS FARGO BANK, N.A.                      
</FN>                                                                 

                                                                [Download Table]

                          Reserve Accounts                                     

Account Name  Beginning   Current Withdrawals  Current Deposits  Ending Balance
                 Balance                                                       

                                                                               
Reserve Fund        0.00                 0.00              0.00            0.00

                                                                [Download Table]

                                     COLLATERAL STATEMENT                
                                                                         
Collateral Description                                              Fixed
Weighted Average Gross Coupon                                   6.722951%
Weighted Average Net Coupon                                     6.472951%
Weighted Average Pass-Through Rate                              6.457951%
Weighted Average Remaining Term                                       340

Beginning Scheduled Collateral Loan Count                           2,633
Number Of Loans Paid In Full                                           57
Ending Scheduled Collateral Loan Count                              2,576

Beginning Scheduled Collateral Balance                     442,351,841.23
Ending Scheduled Collateral Balance                        429,372,733.22
Ending Actual Collateral Balance at 30-Nov-2005            429,809,800.81

Monthly P&I Constant                                         2,958,476.39
Special Servicing Fee                                                0.00
Prepayment Penalty Waived Amount                                     0.00
Prepayment Penalty Waived Count                                         0
Prepayment Penalty Paid Amount                                 158,757.51
Prepayment Penalty Paid Count                                          35
Realized Loss Amount                                                 0.00
Cumulative Realized Loss                                             0.00

Scheduled Principal                                            480,176.97
Unscheduled Principal                                       12,498,931.04


                                                                [Download Table]

                                     COLLATERAL STATEMENT                
                                                                         

Collateral Description                                              Fixed
Weighted Average Coupon Rate                                    6.722951%
Weighted Average Net Rate                                       6.472951%
Weighted Average Pass Through Rate                              6.457951%
Weighted Average Remaining Term                                       340
Record Date                                                    11/30/2005
Principal and Interest Constant                              2,958,476.39
Beginning Loan Count                                                2,633
Loans Paid in Full                                                     57
Ending Loan Count                                                   2,576
Beginning Scheduled Balance                                442,351,841.23
Ending Scheduled Balance                                   429,372,733.22
Ending Actual Balance at 30-Nov-2005                       429,809,800.81
Scheduled Principal                                            480,176.97
Unscheduled Principal                                       12,498,931.04
Scheduled Interest                                           2,478,299.42
Servicing Fee                                                   92,156.63
Master Servicing Fee                                                 0.00
Trustee Fee                                                          0.00
FRY Amount                                                           0.00
Special Hazard Fee                                                   0.00
Other Fee                                                        5,529.40
Pool Insurance Fee                                                   0.00
Spread 1                                                             0.00
Spread 2                                                             0.00
Spread 3                                                             0.00
Net Interest                                                 2,380,613.39
Realized Loss Amount                                                 0.00
Cumulative Realized Loss                                             0.00
Percentage of Cumulative Losses                                    0.0000
Special Servicing Fee                                                0.00
Prepayment Penalty Waived Amount                                     0.00
Prepayment Penalty Waived Count                                         0
Prepayment Penalty Paid Amount                                 158,757.51
Prepayment Penalty Paid Count                                          35
                                                        [Enlarge/Download Table]

                                  Group Level Collateral Statement                                

                                                                                                  
Group                                           GROUP 1                    GROUP 2           Total
Collateral Description                      Mixed Fixed                Mixed Fixed           Fixed
Weighted Average Coupon Rate                   6.486564                   6.886591        6.722951
Weighted Average Net Rate                      6.236564                   6.636591        6.472951
Weighted Average Remaining Term                     349                        333             340
Beginning Loan Count                              1,132                      1,501           2,633
Loans Paid In Full                                   22                         35              57
Ending Loan Count                                 1,110                      1,466           2,576
Beginning Scheduled Balance              180,830,058.86             261,521,782.37  442,351,841.23
Ending Scheduled Balance                 176,901,725.44             252,471,007.78  429,372,733.22
Record Date                                  11/30/2005                 11/30/2005      11/30/2005
Principal And Interest Constant            1,155,128.21               1,803,348.18    2,958,476.39
Scheduled Principal                          177,656.81                 302,520.16      480,176.97
Unscheduled Principal                      3,750,676.61               8,748,254.43   12,498,931.04
Scheduled Interest                           977,471.40               1,500,828.02    2,478,299.42
Servicing Fee                                 37,672.93                  54,483.70       92,156.63
Master Servicing Fee                               0.00                       0.00            0.00
Trustee Fee                                        0.00                       0.00            0.00
FRY Amount                                         0.00                       0.00            0.00
Special Hazard Fee                                 0.00                       0.00            0.00
Other Fee                                      2,260.38                   3,269.02        5,529.40
Pool Insurance Fee                                 0.00                       0.00            0.00
Spread 1                                           0.00                       0.00            0.00
Spread 2                                           0.00                       0.00            0.00
Spread 3                                           0.00                       0.00            0.00
Net Interest                                 937,538.09               1,443,075.30    2,380,613.39
Realized Loss Amount                               0.00                       0.00            0.00
Cumulative Realized Loss                           0.00                       0.00            0.00
Percentage of Cumulative Losses                  0.0000                     0.0000          0.0000
Prepayment Penalty Waived Amount                   0.00                       0.00            0.00
Prepayment Penalty Waived Count                       0                          0               0
Prepayment Penalty Paid Amount            Not Available              Not Available       158757.51
Prepayment Penalty Paid Count             Not Available              Not Available              35
Special Servicing Fee                              0.00                       0.00            0.00
Pass-Through Rate                              6.221564                   6.621591        6.457951

<FN>                                                                                              

</FN>                                                                                             
                                                        [Enlarge/Download Table]

                             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      
           Principal Balance   Principal Balance    Principal Balance   Principal Balance  Principal Balance

0-29 Days                      36                   0                   0                  36               
                               4,598,216.78         0.00                0.00               4,598,216.78     

30 Days    23                  1                    0                   0                  24               
           3,983,699.36        148,856.14           0.00                0.00               4,132,555.50     

60 Days    17                  1                    3                   0                  21               
           1,616,281.78        175,929.46           319,659.97          0.00               2,111,871.21     

90 Days    2                   2                    1                   1                  6                
           66,335.86           333,645.12           162,564.41          55,890.96          618,436.35       

120 Days   0                   0                    1                   1                  2                
           0.00                0.00                 634,138.43          69,874.51          704,012.94       

150 Days   0                   0                    1                   1                  2                
           0.00                0.00                 52,367.35           74,446.79          126,814.14       

180+ Days  0                   4                    1                   2                  7                
           0.00                487,177.08           237,853.45          426,894.64         1,151,925.17     

Totals     42                  44                   7                   5                  98               
           5,666,317.00        5,743,824.58         1,406,583.61        627,106.90         13,443,832.09    

           No of Loans         No of Loans          No of Loans         No of Loans        No of Loans      
           Principal Balance   Principal Balance    Principal Balance   Principal Balance  Principal Balance

0-29 Days                      1.397516%            0.000000%           0.000000%          1.397516%        
                               1.069826%            0.000000%           0.000000%          1.069826%        

30 Days    0.892857%           0.038820%            0.000000%           0.000000%          0.931677%        
           0.926852%           0.034633%            0.000000%           0.000000%          0.961485%        

60 Days    0.659938%           0.038820%            0.116460%           0.000000%          0.815217%        
           0.376046%           0.040932%            0.074372%           0.000000%          0.491350%        

90 Days    0.077640%           0.077640%            0.038820%           0.038820%          0.232919%        
           0.015434%           0.077626%            0.037822%           0.013004%          0.143886%        

120 Days   0.000000%           0.000000%            0.038820%           0.038820%          0.077640%        
           0.000000%           0.000000%            0.147539%           0.016257%          0.163796%        

150 Days   0.000000%           0.000000%            0.038820%           0.038820%          0.077640%        
           0.000000%           0.000000%            0.012184%           0.017321%          0.029505%        

180+ Days  0.000000%           0.155280%            0.038820%           0.077640%          0.271739%        
           0.000000%           0.113347%            0.055339%           0.099322%          0.268008%        

Totals     1.630435%           1.708075%            0.271739%           0.194099%          3.804348%        
           1.318331%           1.336364%            0.327257%           0.145903%          3.127856%        

                                                                [Download Table]


                                              OTHER INFORMATION            
                                                                           
Current Period Class A Insufficient Funds                              0.00
Principal Balance of Contaminated Properties                           0.00
Periodic Advance                                                 146,636.53


                                                        [Enlarge/Download Table]

                                 Delinquency Status By Group                                               

           DELINQUENT         BANKRUPTCY            FORECLOSURE        REO                TOTAL            

                                                                                                           
GROUP 1                                                                                                    

           No of Loans        No of Loans           No of Loans        No of Loans        No of Loans      
           Principal Balance  Principal Balance     Principal Balance  Principal Balance  Principal Balance
0-29 Days                     13                    0                  0                  13               
                              1,665,642.02          0.00               0.00               1,665,642.02     

30 Days    9                  0                     0                  0                  9                
           1,128,886.64       0.00                  0.00               0.00               1,128,886.64     

60 Days    3                  0                     1                  0                  4                
           283,496.34         0.00                  220,605.95         0.00               504,102.29       

90 Days    0                  0                     1                  0                  1                
           0.00               0.00                  162,564.41         0.00               162,564.41       

120 Days   0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

150 Days   0                  0                     0                  1                  1                
           0.00               0.00                  0.00               74,446.79          74,446.79        

180+ Days  0                  0                     0                  2                  2                
           0.00               0.00                  0.00               426,894.64         426,894.64       

Totals     12                 13                    2                  3                  30               
           1,412,382.98       1,665,642.02          383,170.36         501,341.43         3,962,536.79     

0-29 Days                     1.171171%             0.000000%          0.000000%          1.171171%        
                              0.940710%             0.000000%          0.000000%          0.940710%        

30 Days    0.810811%          0.000000%             0.000000%          0.000000%          0.810811%        
           0.637565%          0.000000%             0.000000%          0.000000%          0.637565%        

60 Days    0.270270%          0.000000%             0.090090%          0.000000%          0.360360%        
           0.160111%          0.000000%             0.124592%          0.000000%          0.284703%        

90 Days    0.000000%          0.000000%             0.090090%          0.000000%          0.090090%        
           0.000000%          0.000000%             0.091812%          0.000000%          0.091812%        

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%          0.090090%          0.090090%        
           0.000000%          0.000000%             0.000000%          0.042046%          0.042046%        

180+ Days  0.000000%          0.000000%             0.000000%          0.180180%          0.180180%        
           0.000000%          0.000000%             0.000000%          0.241099%          0.241099%        

Totals     1.081081%          1.171171%             0.180180%          0.270270%          2.702703%        
           0.797676%          0.940710%             0.216404%          0.283144%          2.237934%        

           DELINQUENT         BANKRUPTCY            FORECLOSURE        REO                TOTAL            

                                                                                                           
GROUP 2                                                                                                    

           No of Loans        No of Loans           No of Loans        No of Loans        No of Loans      
           Principal Balance  Principal Balance     Principal Balance  Principal Balance  Principal Balance
0-29 Days                     23                    0                  0                  23               
                              2,932,574.76          0.00               0.00               2,932,574.76     

30 Days    14                 1                     0                  0                  15               
           2,854,812.72       148,856.14            0.00               0.00               3,003,668.86     

60 Days    14                 1                     2                  0                  17               
           1,332,785.44       175,929.46            99,054.02          0.00               1,607,768.92     

90 Days    2                  2                     0                  1                  5                
           66,335.86          333,645.12            0.00               55,890.96          455,871.94       

120 Days   0                  0                     1                  1                  2                
           0.00               0.00                  634,138.43         69,874.51          704,012.94       

150 Days   0                  0                     1                  0                  1                
           0.00               0.00                  52,367.35          0.00               52,367.35        

180+ Days  0                  4                     1                  0                  5                
           0.00               487,177.08            237,853.45         0.00               725,030.53       

Totals     30                 31                    5                  2                  68               
           4,253,934.02       4,078,182.56          1,023,413.25       125,765.47         9,481,295.30     

0-29 Days                     1.568895%             0.000000%          0.000000%          1.568895%        
                              1.160278%             0.000000%          0.000000%          1.160278%        

30 Days    0.954980%          0.068213%             0.000000%          0.000000%          1.023192%        
           1.129512%          0.058895%             0.000000%          0.000000%          1.188407%        

60 Days    0.954980%          0.068213%             0.136426%          0.000000%          1.159618%        
           0.527319%          0.069607%             0.039191%          0.000000%          0.636117%        

90 Days    0.136426%          0.136426%             0.000000%          0.068213%          0.341064%        
           0.026246%          0.132007%             0.000000%          0.022113%          0.180367%        

120 Days   0.000000%          0.000000%             0.068213%          0.068213%          0.136426%        
           0.000000%          0.000000%             0.250898%          0.027646%          0.278544%        

150 Days   0.000000%          0.000000%             0.068213%          0.000000%          0.068213%        
           0.000000%          0.000000%             0.020719%          0.000000%          0.020719%        

180+ Days  0.000000%          0.272851%             0.068213%          0.000000%          0.341064%        
           0.000000%          0.192752%             0.094107%          0.000000%          0.286860%        

Totals     2.046385%          2.114598%             0.341064%          0.136426%          4.638472%        
           1.683076%          1.613540%             0.404915%          0.049759%          3.751291%        

                                                        [Enlarge/Download Table]


                        SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE                   

                                                                                                      Current               
                             Original $        Original %         Current $         Current %           Class%  Prepayment% 

                                                                                                                            
Class 2A2                105,402,714.29      21.79355320%    107,336,592.00      24.99846490%       15.530795%     0.000000%
Class 2A3                 84,829,714.29      17.53978447%     86,763,592.00      20.20705678%        4.791408%     0.000000%
Class 2A4                 59,389,714.29      12.27969229%     61,323,592.00      14.28213467%        5.924922%     0.000000%
Class 2A5                 30,227,714.29       6.25002215%     32,161,592.00       7.49036665%        6.791768%     0.000000%
Class M-1                 18,136,714.29       3.75003102%     20,070,592.00       4.67439836%        2.815968%     0.000000%
Class M-2                  8,463,714.29       1.74999675%     10,397,592.00       2.42157715%        2.252821%     0.000000%
Class M-3                  1,451,714.29       0.30016317%      3,385,592.00       0.78849720%        1.633080%     0.000000%
Class X                          100.00       0.00002068%            100.00       0.00002329%        0.788474%     0.000000%
Class P                            0.00       0.00000000%              0.00       0.00000000%        0.000023%     0.000000%
Class R-I                          0.00       0.00000000%              0.00       0.00000000%        0.000000%     0.000000%

<FN>                                                                                                                        
Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.                                          
</FN>                                                                                                                       

                                                        [Enlarge/Download Table]


                 180+ Delinquency Summary                                                              

                          Summary                                           GROUP 1                    

           Days  Number of            Aggregate  Percentage of  Number of     Aggregate  Percentage of 
     Delinquent       Loans         Outstanding     Balance(%)       Loans   Oustanding      Balance(%)
                                     Balance($)                              Balance($)                
                                                                                                       
180  -      209           4          487,177.08          0.113           0         0.00           0.000
210  -      239           3          664,748.09          0.155           2   426,894.64           0.241
          Total           7        1,151,925.17          0.268           2   426,894.64           0.241
                                                                [Download Table]


                 180+ Delinquency Summary (continued)                 

                                GROUP 2                               

               Days    Number of            Aggregate    Percentage of
         Delinquent         Loans         Outstanding       Balance(%)
                                           Balance($)                 
                                                                      
    180  -      209             4          487,177.08            0.193
    210  -      239             1          237,853.45            0.094
              Total             5          725,030.53            0.287

<FN>                                                                  
This report includes all loans greater than 180 days delinquent       
regardless of status (REO, Foreclosure, Bankruptcy).                  

</FN>                                                                 

                                                        [Enlarge/Download Table]

               REO Detail - All Mortgage Loans in REO during Current Period                                                 



Summary                                                            12 Month REO History*                                    
New REO Loans                                                    Month        REO Percentage                                
                                                                                                                            
    Loans in REO                              2                  Jan-05            0.000%                                   
    Original Principal Balance       126,315.00                  Feb-05            0.000%                                   
    Current Principal Balance        125,765.47                  Mar-05            0.000%                                   
                                                                 Apr-05            0.000%                                   
Current REO Total                                                May-05            0.000%                                   
    Loans in REO                              5                  Jun-05            0.000%                                   
    Original Principal Balance       628,515.00                  Jul-05            0.000%                                   
    Current Principal Balance        627,106.90                  Aug-05            0.000%                                   
                                                                 Sep-05            0.000%                                   
                                                                 Oct-05            0.000%                                   
                                                                 Nov-05            0.113%                                   
                                                                 Dec-05            0.146%                                   

                                                              *The text reported in the above table is presented graphically
                                                              on the monthly bond remittance report. The monthly bond       
                                                              remittance report can be viewed online at www.ctslink.com.    



GROUP 1                                                            12 Month REO History*                                    
New REO Loans                                                    Month        REO Percentage                                
                                                                                                                            
    Loans in REO                              0                  Jan-05            0.000%                                   
    Original Principal Balance             0.00                  Feb-05            0.000%                                   
    Current Principal Balance              0.00                  Mar-05            0.000%                                   
                                                                 Apr-05            0.000%                                   
Current REO Total                                                May-05            0.000%                                   
    Loans in REO                              3                  Jun-05            0.000%                                   
    Original Principal Balance       502,200.00                  Jul-05            0.000%                                   
    Current Principal Balance        501,341.43                  Aug-05            0.000%                                   
                                                                 Sep-05            0.000%                                   
                                                                 Oct-05            0.000%                                   
                                                                 Nov-05            0.277%                                   
                                                                 Dec-05            0.283%                                   

                                                              *The text reported in the above table is presented graphically
                                                              on the monthly bond remittance report. The monthly bond       
                                                              remittance report can be viewed online at www.ctslink.com.    



GROUP 2                                                            12 Month REO History*                                    
New REO Loans                                                    Month        REO Percentage                                
                                                                                                                            
    Loans in REO                              2                  Jan-05            0.000%                                   
    Original Principal Balance       126,315.00                  Feb-05            0.000%                                   
    Current Principal Balance        125,765.47                  Mar-05            0.000%                                   
                                                                 Apr-05            0.000%                                   
Current REO Total                                                May-05            0.000%                                   
    Loans in REO                              2                  Jun-05            0.000%                                   
    Original Principal Balance       126,315.00                  Jul-05            0.000%                                   
    Current Principal Balance        125,765.47                  Aug-05            0.000%                                   
                                                                 Sep-05            0.000%                                   
                                                                 Oct-05            0.000%                                   
                                                                 Nov-05            0.000%                                   
                                                                 Dec-05            0.050%                                   

                                                              *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.    

                                                        [Enlarge/Download Table]


         REO Loan Detail - All Mortgage Loans in REO during Current Period                          

                                     Month                                                          
                                      Loan            First                                 Original
                    Loan           Entered          Payment                       LTV at   Principal
 Group            Number               REO             Date           State  Origination     Balance
                                                                                                    

GROUP 1       0141373316          Nov-2005      01-Jan-2005              OR        90.00  148,500.00
GROUP 1       0141431874          Nov-2005      01-Mar-2005              NC        90.00  279,000.00
GROUP 1       0141498741          Nov-2005      01-Feb-2005              MI        90.00   74,700.00
GROUP 2       0141202093          Dec-2005      01-Jan-2005              NC        90.00   70,200.00
GROUP 2       0141214908          Dec-2005      01-Feb-2005              MI        90.00   56,115.00

                                                        [Enlarge/Download Table]


         REO Loan Detail - All Mortgage Loans in REO during Current Period (continued)                      

                                      Current           Paid                            Current  Approximate
                      Loan          Principal             To           Months              Loan   Delinquent
 Group              Number            Balance           Date       Delinquent              Rate     Interest
                                                                                                            
GROUP 1         0141373316         148,129.04    01-Mar-2005                7            6.950%     5,764.58
GROUP 1         0141431874         278,765.60    01-Mar-2005                7            6.875%    10,726.93
GROUP 1         0141498741          74,446.79    01-May-2005                5            6.875%     2,869.54
GROUP 2         0141202093          69,874.51    01-Jun-2005                4            7.375%     2,484.30
GROUP 2         0141214908          55,890.96    01-Jul-2005                3            8.125%     1,831.40

                                                        [Enlarge/Download Table]

            Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period                                   



Summary                                                         12 Month Foreclosure History*                              
New Foreclosure Loans                                           Month     Foreclosure Percentage                           
                                                                                                                           
   Loans in Foreclosure                      2                  Jan-05            0.000%                                   
   Original Principal Balance        99,720.00                  Feb-05            0.000%                                   
   Current Principal Balance         99,054.02                  Mar-05            0.000%                                   
                                                                Apr-05            0.000%                                   
Current Foreclosure Total                                       May-05            0.000%                                   
   Loans in Foreclosure                      7                  Jun-05            0.000%                                   
   Original Principal Balance     1,413,180.00                  Jul-05            0.000%                                   
   Current Principal Balance      1,406,583.61                  Aug-05            0.239%                                   
                                                                Sep-05            0.231%                                   
                                                                Oct-05            0.380%                                   
                                                                Nov-05            0.459%                                   
                                                                Dec-05            0.327%                                   

                                                             *The text reported in the above table is presented graphically
                                                             on the monthly bond remittance report. The monthly bond       
                                                             remittance report can be viewed online at www.ctslink.com.    



GROUP 1                                                         12 Month Foreclosure History*                              
New Foreclosure Loans                                           Month     Foreclosure Percentage                           
                                                                                                                           
   Loans in Foreclosure                      0                  Jan-05            0.000%                                   
   Original Principal Balance             0.00                  Feb-05            0.000%                                   
   Current Principal Balance              0.00                  Mar-05            0.000%                                   
                                                                Apr-05            0.000%                                   
Current Foreclosure Total                                       May-05            0.000%                                   
   Loans in Foreclosure                      2                  Jun-05            0.000%                                   
   Original Principal Balance       385,400.00                  Jul-05            0.000%                                   
   Current Principal Balance        383,170.36                  Aug-05            0.228%                                   
                                                                Sep-05            0.272%                                   
                                                                Oct-05            0.274%                                   
                                                                Nov-05            0.212%                                   
                                                                Dec-05            0.216%                                   

                                                             *The text reported in the above table is presented graphically
                                                             on the monthly bond remittance report. The monthly bond       
                                                             remittance report can be viewed online at www.ctslink.com.    



GROUP 2                                                         12 Month Foreclosure History*                              
New Foreclosure Loans                                           Month     Foreclosure Percentage                           
                                                                                                                           
   Loans in Foreclosure                      2                  Jan-05            0.000%                                   
   Original Principal Balance        99,720.00                  Feb-05            0.000%                                   
   Current Principal Balance         99,054.02                  Mar-05            0.000%                                   
                                                                Apr-05            0.000%                                   
Current Foreclosure Total                                       May-05            0.000%                                   
   Loans in Foreclosure                      5                  Jun-05            0.000%                                   
   Original Principal Balance     1,027,780.00                  Jul-05            0.000%                                   
   Current Principal Balance      1,023,413.25                  Aug-05            0.247%                                   
                                                                Sep-05            0.203%                                   
                                                                Oct-05            0.453%                                   
                                                                Nov-05            0.629%                                   
                                                                Dec-05            0.405%                                   

                                                             *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.    

                                                        [Enlarge/Download Table]


    Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period                         

                                           Month                                                              
                                            Loan              First                                   Original
                           Loan          Entered            Payment                         LTV at   Principal
 Group                   Number               FC               Date          State     Origination     Balance
                                                                                                              
GROUP 1              0141576199         Nov-2005        01-Feb-2005             NH           75.00  222,000.00
GROUP 1              0141584201         Nov-2005        01-Feb-2005             FL           95.00  163,400.00
GROUP 2              0140045972         Dec-2005        01-Nov-2004             NC           90.00   63,000.00
GROUP 2              0140106758         Aug-2005        01-Dec-2004             PA           90.00  238,500.00
GROUP 2              0141082057         Sep-2005        01-Jan-2005             KY           90.00   52,560.00
GROUP 2              0141932657         Oct-2005        01-Feb-2005             MN           70.00  637,000.00
GROUP 2              0142118959         Dec-2005        01-Jan-2005             OH           90.00   36,720.00

                                                        [Enlarge/Download Table]


    Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period (continued)              

                                         Current               Paid                        Current  Approximate
                           Loan        Principal                 To         Months            Loan   Delinquent
 Group                   Number          Balance               Date     Delinquent            Rate     Interest
                                                                                                               
GROUP 1              0141576199       220,605.95        01-Aug-2005              2          6.625%     4,681.36
GROUP 1              0141584201       162,564.41        01-Jul-2005              3          6.875%     4,479.55
GROUP 2              0140045972        62,519.03        01-Aug-2005              2          7.500%     1,509.07
GROUP 2              0140106758       237,853.45        01-Mar-2005              7          8.000%    10,715.23
GROUP 2              0141082057        52,367.35        01-May-2005              5          7.625%     2,247.76
GROUP 2              0141932657       634,138.43        01-Jun-2005              4          6.625%    20,166.87
GROUP 2              0142118959        36,534.99        28-Jul-2005              2          7.750%       911.85

                                                        [Enlarge/Download Table]

              Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period                                    



Summary                                                            12 Month Bankruptcy History*                             
New Bankruptcy Loans                                             Month    Bankruptcy Percentage                             
                                                                                                                            
    Loans in Bankruptcy                       5                  Jan-05            0.000%                                   
    Original Principal Balance       515,750.00                  Feb-05            0.000%                                   
    Current Principal Balance        509,993.13                  Mar-05            0.000%                                   
                                                                 Apr-05            0.000%                                   
Current Bankruptcy Total                                         May-05            0.000%                                   
    Loans in Bankruptcy                      44                  Jun-05            0.051%                                   
    Original Principal Balance     5,807,645.00                  Jul-05            0.052%                                   
    Current Principal Balance      5,743,824.58                  Aug-05            0.246%                                   
                                                                 Sep-05            0.429%                                   
                                                                 Oct-05            0.512%                                   
                                                                 Nov-05            1.205%                                   
                                                                 Dec-05            1.336%                                   

                                                              *The text reported in the above table is presented graphically
                                                              on the monthly bond remittance report. The monthly bond       
                                                              remittance report can be viewed online at www.ctslink.com.    



GROUP 1                                                            12 Month Bankruptcy History*                             
New Bankruptcy Loans                                             Month    Bankruptcy Percentage                             
                                                                                                                            
    Loans in Bankruptcy                       1                  Jan-05            0.000%                                   
    Original Principal Balance        26,600.00                  Feb-05            0.000%                                   
    Current Principal Balance         25,435.77                  Mar-05            0.000%                                   
                                                                 Apr-05            0.000%                                   
Current Bankruptcy Total                                         May-05            0.000%                                   
    Loans in Bankruptcy                      13                  Jun-05            0.089%                                   
    Original Principal Balance     1,685,955.00                  Jul-05            0.090%                                   
    Current Principal Balance      1,665,642.02                  Aug-05            0.231%                                   
                                                                 Sep-05            0.234%                                   
                                                                 Oct-05            0.277%                                   
                                                                 Nov-05            0.961%                                   
                                                                 Dec-05            0.941%                                   

                                                              *The text reported in the above table is presented graphically
                                                              on the monthly bond remittance report. The monthly bond       
                                                              remittance report can be viewed online at www.ctslink.com.    



GROUP 2                                                            12 Month Bankruptcy History*                             
New Bankruptcy Loans                                             Month    Bankruptcy Percentage                             
                                                                                                                            
    Loans in Bankruptcy                       4                  Jan-05            0.000%                                   
    Original Principal Balance       489,150.00                  Feb-05            0.000%                                   
    Current Principal Balance        484,557.36                  Mar-05            0.000%                                   
                                                                 Apr-05            0.000%                                   
Current Bankruptcy Total                                         May-05            0.000%                                   
    Loans in Bankruptcy                      31                  Jun-05            0.026%                                   
    Original Principal Balance     4,121,690.00                  Jul-05            0.027%                                   
    Current Principal Balance      4,078,182.56                  Aug-05            0.256%                                   
                                                                 Sep-05            0.562%                                   
                                                                 Oct-05            0.672%                                   
                                                                 Nov-05            1.374%                                   
                                                                 Dec-05            1.614%                                   

                                                              *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.    

                                                        [Enlarge/Download Table]


      Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period                       

 Group                   Loan     Month Loan              First      State          LTV at     Original
                       Number        Entered            Payment                 Origination   Principal
                                  Bankruptcy               Date                                 Balance
                                                                                                       
GROUP 1            0136986783       Oct-2005        01-Oct-2004         FL            79.17   76,000.00
GROUP 1            0138445622       Nov-2005        01-Aug-2004         FL            80.00  143,200.00
GROUP 1            0139845093       Dec-2005        01-Feb-2005         NE            70.00   26,600.00
GROUP 1            0140265208       Dec-2005        01-Jan-2005         MI            90.00  171,000.00
GROUP 1            0140307513       Nov-2005        01-Jan-2005         VA            70.00   94,500.00
GROUP 1            0140753559       Aug-2005        01-Dec-2004         KY            89.99   99,800.00
GROUP 1            0140978123       Nov-2005        01-Jan-2005         MS            80.00  104,000.00
GROUP 1            0141034231       Nov-2005        01-Jan-2005         OH            95.00  166,250.00
GROUP 1            0141263426       Nov-2005        01-Jan-2005         ID            95.00  130,625.00
GROUP 1            0141361568       Aug-2005        01-Jan-2005         MO            90.00  164,700.00
GROUP 1            0141558098       Nov-2005        01-Feb-2005         OR            90.00  123,480.00
GROUP 1            0141697607       Nov-2005        01-Mar-2005         MD            89.05  282,300.00
GROUP 1            0141927582       Nov-2005        01-Mar-2005         OH            90.00  103,500.00
GROUP 2            0136207321       Nov-2005        01-Jun-2004         LA            95.00  185,250.00
GROUP 2            0137558599       Nov-2005        01-Dec-2004         NY            95.00  160,455.00
GROUP 2            0138762711       Sep-2005        01-Sep-2004         NC            95.00  102,315.00
GROUP 2            0138968284       Aug-2005        01-Oct-2004         VA            85.00   55,250.00
GROUP 2            0138987862       Aug-2005        01-Dec-2004         AZ            95.00  114,950.00
GROUP 2            0139023444       Sep-2005        01-Sep-2004         FL            95.00  175,750.00
GROUP 2            0139842231       Nov-2005        01-Dec-2004         MI            70.00   60,200.00
GROUP 2            0140140096       Nov-2005        01-Jan-2005         FL            70.94   75,200.00
GROUP 2            0140264284       Oct-2005        01-Feb-2005         IL            95.00   52,250.00
GROUP 2            0140413121       Dec-2005        01-Dec-2004         ME            68.18   75,000.00
GROUP 2            0140673369       Dec-2005        01-Jan-2005         NJ            88.24  150,000.00
GROUP 2            0140719006       Nov-2005        01-Dec-2004         PA            89.74  170,500.00
GROUP 2            0140759176       Dec-2005        01-Dec-2004         PA            95.00  136,800.00
GROUP 2            0140969114       Nov-2005        01-Feb-2005         NY            95.00   86,450.00
GROUP 2            0141136192       Nov-2005        01-Jan-2005         IL            95.00  127,775.00
GROUP 2            0141234823       Nov-2005        01-Feb-2005         VA            90.00   99,000.00
GROUP 2            0141241778       Dec-2005        01-Jan-2005         TX            95.00   80,750.00
GROUP 2            0141262634       Sep-2005        01-Feb-2005         OR            95.00   83,125.00
GROUP 2            0141285437       Dec-2005        01-Jan-2005         IL            95.00  121,600.00
GROUP 2            0141298687       Aug-2005        01-Jan-2005         PA            95.00  150,000.00
GROUP 2            0141327296       Sep-2005        01-Feb-2005         MN            95.00  204,250.00
GROUP 2            0141388199       Nov-2005        01-Feb-2005         WA            95.00   61,750.00
GROUP 2            0141418863       Oct-2005        01-Jan-2005         NE            90.00  211,500.00
GROUP 2            0141474486       Nov-2005        01-Feb-2005         NY            70.00   35,700.00
GROUP 2            0141508333       Sep-2005        01-Jan-2005         AL            87.67  263,000.00
GROUP 2            0141508788       Aug-2005        01-Feb-2005         KY            95.00  204,250.00
GROUP 2            0141582783       Nov-2005        01-Feb-2005         PA            95.00  213,750.00
GROUP 2            0141615153       Nov-2005        01-Feb-2005         NC            90.00  149,400.00
GROUP 2            0141670406       Aug-2005        01-Feb-2005         WA            95.00  112,570.00
GROUP 2            0141872853       Nov-2005        01-Feb-2005         ME            95.00  191,900.00
GROUP 2            0141940643       Nov-2005        01-Feb-2005         AL            89.79  211,000.00

                                                        [Enlarge/Download Table]


      Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued)              

 Group                   Loan            Current         Paid To         Months       Current  Approximate
                       Number          Principal             Date     Delinquent    Loan Rate   Delinquent
                                         Balance                                                  Interest
                                                                                                          
GROUP 1            0136986783          74,930.76      01-Nov-2005           0          6.125%       734.08
GROUP 1            0138445622         141,092.54      01-Nov-2005           0          6.625%     1,499.85
GROUP 1            0139845093          25,435.77      01-Oct-2005           0          6.950%       285.12
GROUP 1            0140265208         169,489.83      01-Oct-2005           0          6.750%     1,835.29
GROUP 1            0140307513          93,284.30      01-Dec-2005         (1)          5.750%       428.03
GROUP 1            0140753559          98,761.49      01-Nov-2005           0          6.875%     1,090.98
GROUP 1            0140978123         102,891.51      01-Dec-2005         (1)          6.750%       557.84
GROUP 1            0141034231         164,622.88      01-Nov-2005           0          6.875%     1,818.52
GROUP 1            0141263426         128,295.52      01-Nov-2005           0          6.950%     1,434.98
GROUP 1            0141361568         161,913.10      01-Nov-2005           0          6.875%     1,788.65
GROUP 1            0141558098         122,218.27      01-Dec-2005         (1)          6.500%       637.16
GROUP 1            0141697607         279,915.84      01-Nov-2005           0          6.625%     2,975.49
GROUP 1            0141927582         102,790.21      01-Oct-2005           0          6.875%     1,134.47
GROUP 2            0136207321         175,929.46      01-Aug-2005           2          6.750%     3,790.61
GROUP 2            0137558599         159,456.92      01-Jul-2005           3          7.375%     4,726.22
GROUP 2            0138762711         101,153.41      01-Nov-2005           0          7.625%     1,243.85
GROUP 2            0138968284          54,622.21      01-Nov-2005           0          7.250%       637.53
GROUP 2            0138987862         113,941.05      01-Nov-2005           0          7.750%     1,424.80
GROUP 2            0139023444         174,188.20      01-Jul-2005           3          7.625%     5,344.18
GROUP 2            0139842231          59,425.78      01-Dec-2005         (1)          7.250%       347.20
GROUP 2            0140140096          74,518.46      01-Nov-2005           0          7.125%       854.22
GROUP 2            0140264284          52,143.03      01-Apr-2005           6          7.950%     2,335.51
GROUP 2            0140413121          74,688.99      01-Apr-2005           6          7.000%     2,930.81
GROUP 2            0140673369         148,856.14      01-Sep-2005           1          6.950%     2,491.16
GROUP 2            0140719006         168,618.06      01-Dec-2005         (1)          7.000%       949.32
GROUP 2            0140759176         135,157.07      01-Nov-2005           0          7.500%     1,635.02
GROUP 2            0140969114          85,872.32      01-Oct-2005           0          7.625%     1,055.11
GROUP 2            0141136192         126,577.14      01-Nov-2005           0          6.950%     1,414.07
GROUP 2            0141234823          98,262.59      01-Nov-2005           0          7.625%     1,208.28
GROUP 2            0141241778          80,104.78      01-Oct-2005           0          7.500%       967.54
GROUP 2            0141262634          82,490.37      01-Nov-2005           0          7.500%       997.14
GROUP 2            0141285437         120,439.37      01-Nov-2005           0          7.125%     1,380.63
GROUP 2            0141298687         149,527.66      01-Apr-2005           6          7.250%     6,085.87
GROUP 2            0141327296         202,531.14      01-Nov-2005           0          7.000%     2,279.47
GROUP 2            0141388199          59,770.49      01-Nov-2005           0          7.125%       686.04
GROUP 2            0141418863         210,817.40      01-Apr-2005           6          7.125%     8,426.57
GROUP 2            0141474486          34,494.77      01-Nov-2005           0          6.500%       359.97
GROUP 2            0141508333         260,461.90      01-Nov-2005           0          7.250%     3,040.00
GROUP 2            0141508788         202,443.31      01-Dec-2005         (1)          7.250%     1,181.91
GROUP 2            0141582783         212,247.51      01-Oct-2005           0          7.375%     2,519.42
GROUP 2            0141615153         148,111.94      01-Nov-2005           0          6.875%     1,636.14
GROUP 2            0141670406         111,760.27      01-Oct-2005           0          7.250%     1,303.34
GROUP 2            0141872853         190,398.71      01-Nov-2005           0          7.375%     2,261.90
GROUP 2            0141940643         209,172.11      01-Nov-2005           0          6.875%     2,310.63

                                                        [Enlarge/Download Table]

               Realized Loss Detail Report - Loans with Losses during Current Period            

Summary                                                                                         
                                   # Loans              Prior          Realized          Current
                                      with          Principal       Loss/(Gain)             Loss
         Group                      Losses            Balance            Amount       Percentage
                                                                                                
        GROUP 1                          0               0.00              0.00           0.000%
        GROUP 2                          0               0.00              0.00           0.000%
         Total                           0               0.00              0.00           0.000%


                                                        [Enlarge/Download Table]


       Realized Loss Loan Detail Report - Loans With Losses during Current Period                         

                                          Original          Current                                       
                          Loan           Principal             Note                       LTV at  Original
Group                   Number             Balance             Rate           State  Origination      Term
                                                                                                          

                                           No losses this period.                                         

                                                        [Enlarge/Download Table]


       Realized Loss Loan Detail Report - Loans With Losses during Current Period (continued)

                                             Prior                           Cumulative      
                           Loan          Principal          Realized           Realized      
Group                    Number            Balance       Loss/(Gain)        Loss/(Gain)      
                                                                                             

                             No losses this period.                                          

                                                        [Enlarge/Download Table]

                                                   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.     
                                                                                                                          

         Jan-2005             N/A             N/A                        Jan-2005              N/A               N/A      
         Feb-2005             N/A             N/A                        Feb-2005              N/A               N/A      
         Mar-2005             N/A             N/A                        Mar-2005              N/A               N/A      
         Apr-2005             N/A             N/A                        Apr-2005              N/A               N/A      
         May-2005             N/A             N/A                        May-2005              N/A               N/A      
         Jun-2005          0.000%             N/A                        Jun-2005           0.000%               N/A      
         Jul-2005          0.000%             N/A                        Jul-2005           0.000%               N/A      
         Aug-2005          0.000%             N/A                        Aug-2005           0.000%               N/A      
         Sep-2005          0.000%             N/A                        Sep-2005           0.000%               N/A      
         Oct-2005          0.000%             N/A                        Oct-2005           0.000%               N/A      
         Nov-2005          0.000%             N/A                        Nov-2005           0.000%               N/A      
         Dec-2005          0.000%             N/A                        Dec-2005           0.000%               N/A      

   *The text reported in the above table is presented           *The text reported in the above table is presented        
   graphically on the monthly bond remittance report. The       graphically on the monthly bond remittance report. The    
   monthly bond remittance report can be viewed online at www.  monthly bond remittance report can be viewed online at    
   ctslink.com.                                                 www.ctslink.com.                                          



   CDR                                                          Loss Severity Approximation                               
                                                                                                                          
      Current Month                        0.000%               Current Month                                 0.000%      
      3 Month Average                      0.000%               3 Month Average                               0.000%      
      12 Month Average                     0.000%               12 Month Average                              0.000%      



                  CDR: Current vs 12mo Average*                           Loss Severity: Current vs 12mo Average*         
         Month            Current        12mo Avg.                       Month             Current          12mo Avg.     
                                                                                                                          

         Jan-2005             N/A             N/A                        Jan-2005              N/A               N/A      
         Feb-2005             N/A             N/A                        Feb-2005              N/A               N/A      
         Mar-2005             N/A             N/A                        Mar-2005              N/A               N/A      
         Apr-2005             N/A             N/A                        Apr-2005              N/A               N/A      
         May-2005             N/A             N/A                        May-2005              N/A               N/A      
         Jun-2005          0.000%             N/A                        Jun-2005           0.000%               N/A      
         Jul-2005          0.000%             N/A                        Jul-2005           0.000%               N/A      
         Aug-2005          0.000%             N/A                        Aug-2005           0.000%               N/A      
         Sep-2005          0.000%             N/A                        Sep-2005           0.000%               N/A      
         Oct-2005          0.000%             N/A                        Oct-2005           0.000%               N/A      
         Nov-2005          0.000%             N/A                        Nov-2005           0.000%               N/A      
         Dec-2005          0.000%             N/A                        Dec-2005           0.000%               N/A      

   *The text reported in the above table is presented           *The text reported in the above table is presented        
   graphically on the monthly bond remittance report. The       graphically on the monthly bond remittance report. The    
   monthly bond remittance report can be viewed online at www.  monthly bond remittance report can be viewed online at    
   ctslink.com.                                                 www.ctslink.com.                                          

  GROUP 1                                                                                                                 



   MDR                                                          SDA                                                       
                                                                                                                          
      Current Month                        0.000%               Current Month                                 0.000%      
      3 Month Average                      0.000%               3 Month Average                               0.000%      
      12 Month Average                     0.000%               12 Month Average                              0.000%      



                  MDR: Current vs 12mo Average*                                SDA: Current vs 12mo Average*              
         Month            Current        12mo Avg.                       Month             Current          12mo Avg.     
                                                                                                                          

         Jan-2005             N/A             N/A                        Jan-2005              N/A               N/A      
         Feb-2005             N/A             N/A                        Feb-2005              N/A               N/A      
         Mar-2005             N/A             N/A                        Mar-2005              N/A               N/A      
         Apr-2005             N/A             N/A                        Apr-2005              N/A               N/A      
         May-2005             N/A             N/A                        May-2005              N/A               N/A      
         Jun-2005          0.000%             N/A                        Jun-2005           0.000%               N/A      
         Jul-2005          0.000%             N/A                        Jul-2005           0.000%               N/A      
         Aug-2005          0.000%             N/A                        Aug-2005           0.000%               N/A      
         Sep-2005          0.000%             N/A                        Sep-2005           0.000%               N/A      
         Oct-2005          0.000%             N/A                        Oct-2005           0.000%               N/A      
         Nov-2005          0.000%             N/A                        Nov-2005           0.000%               N/A      
         Dec-2005          0.000%             N/A                        Dec-2005           0.000%               N/A      

   *The text reported in the above table is presented           *The text reported in the above table is presented        
   graphically on the monthly bond remittance report. The       graphically on the monthly bond remittance report. The    
   monthly bond remittance report can be viewed online at www.  monthly bond remittance report can be viewed online at    
   ctslink.com.                                                 www.ctslink.com.                                          



   CDR                                                          Loss Severity Approximation                               
                                                                                                                          
      Current Month                        0.000%               Current Month                                 0.000%      
      3 Month Average                      0.000%               3 Month Average                               0.000%      
      12 Month Average                     0.000%               12 Month Average                              0.000%      



                  CDR: Current vs 12mo Average*                           Loss Severity: Current vs 12mo Average*         
         Month            Current        12mo Avg.                       Month             Current          12mo Avg.     
                                                                                                                          

         Jan-2005             N/A             N/A                        Jan-2005              N/A               N/A      
         Feb-2005             N/A             N/A                        Feb-2005              N/A               N/A      
         Mar-2005             N/A             N/A                        Mar-2005              N/A               N/A      
         Apr-2005             N/A             N/A                        Apr-2005              N/A               N/A      
         May-2005             N/A             N/A                        May-2005              N/A               N/A      
         Jun-2005          0.000%             N/A                        Jun-2005           0.000%               N/A      
         Jul-2005          0.000%             N/A                        Jul-2005           0.000%               N/A      
         Aug-2005          0.000%             N/A                        Aug-2005           0.000%               N/A      
         Sep-2005          0.000%             N/A                        Sep-2005           0.000%               N/A      
         Oct-2005          0.000%             N/A                        Oct-2005           0.000%               N/A      
         Nov-2005          0.000%             N/A                        Nov-2005           0.000%               N/A      
         Dec-2005          0.000%             N/A                        Dec-2005           0.000%               N/A      

   *The text reported in the above table is presented           *The text reported in the above table is presented        
   graphically on the monthly bond remittance report. The       graphically on the monthly bond remittance report. The    
   monthly bond remittance report can be viewed online at www.  monthly bond remittance report can be viewed online at    
   ctslink.com.                                                 www.ctslink.com.                                          

  GROUP 2                                                                                                                 



   MDR                                                          SDA                                                       
                                                                                                                          
      Current Month                        0.000%               Current Month                                 0.000%      
      3 Month Average                      0.000%               3 Month Average                               0.000%      
      12 Month Average                     0.000%               12 Month Average                              0.000%      



                  MDR: Current vs 12mo Average*                                SDA: Current vs 12mo Average*              
         Month            Current        12mo Avg.                       Month             Current          12mo Avg.     
                                                                                                                          

         Jan-2005             N/A             N/A                        Jan-2005              N/A               N/A      
         Feb-2005             N/A             N/A                        Feb-2005              N/A               N/A      
         Mar-2005             N/A             N/A                        Mar-2005              N/A               N/A      
         Apr-2005             N/A             N/A                        Apr-2005              N/A               N/A      
         May-2005             N/A             N/A                        May-2005              N/A               N/A      
         Jun-2005          0.000%             N/A                        Jun-2005           0.000%               N/A      
         Jul-2005          0.000%             N/A                        Jul-2005           0.000%               N/A      
         Aug-2005          0.000%             N/A                        Aug-2005           0.000%               N/A      
         Sep-2005          0.000%             N/A                        Sep-2005           0.000%               N/A      
         Oct-2005          0.000%             N/A                        Oct-2005           0.000%               N/A      
         Nov-2005          0.000%             N/A                        Nov-2005           0.000%               N/A      
         Dec-2005          0.000%             N/A                        Dec-2005           0.000%               N/A      

   *The text reported in the above table is presented           *The text reported in the above table is presented        
   graphically on the monthly bond remittance report. The       graphically on the monthly bond remittance report. The    
   monthly bond remittance report can be viewed online at www.  monthly bond remittance report can be viewed online at    
   ctslink.com.                                                 www.ctslink.com.                                          



   CDR                                                          Loss Severity Approximation                               
                                                                                                                          
      Current Month                        0.000%               Current Month                                 0.000%      
      3 Month Average                      0.000%               3 Month Average                               0.000%      
      12 Month Average                     0.000%               12 Month Average                              0.000%      



                  CDR: Current vs 12mo Average*                           Loss Severity: Current vs 12mo Average*         
         Month            Current        12mo Avg.                       Month             Current          12mo Avg.     
                                                                                                                          

         Jan-2005             N/A             N/A                        Jan-2005              N/A               N/A      
         Feb-2005             N/A             N/A                        Feb-2005              N/A               N/A      
         Mar-2005             N/A             N/A                        Mar-2005              N/A               N/A      
         Apr-2005             N/A             N/A                        Apr-2005              N/A               N/A      
         May-2005             N/A             N/A                        May-2005              N/A               N/A      
         Jun-2005          0.000%             N/A                        Jun-2005           0.000%               N/A      
         Jul-2005          0.000%             N/A                        Jul-2005           0.000%               N/A      
         Aug-2005          0.000%             N/A                        Aug-2005           0.000%               N/A      
         Sep-2005          0.000%             N/A                        Sep-2005           0.000%               N/A      
         Oct-2005          0.000%             N/A                        Oct-2005           0.000%               N/A      
         Nov-2005          0.000%             N/A                        Nov-2005           0.000%               N/A      
         Dec-2005          0.000%             N/A                        Dec-2005           0.000%               N/A      

   *The text reported in the above table is presented           *The text reported in the above table is presented        
   graphically on the monthly bond remittance report. The       graphically on the monthly bond remittance report. The    
   monthly bond remittance report can be viewed online at www.  monthly bond remittance report can be viewed online at    
   ctslink.com.                                                 www.ctslink.com.                                          

<FN>                                                                                                                      

Calculation Methodology:                                                                                                  
Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance).                   
Conditional Default Rate (CDR): 1-((1-MDR)^12)                                                                            
SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and
less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 -        
((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03                                                          
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)  

</FN>                                                                                                                     

                                                        [Enlarge/Download Table]


               Prepayment Detail - Prepayments during Current Period                                     
Summary                                                                                                  
                                    Loans Paid In Full                       Repurchased Loans           

                                         Original            Current             Original         Current
                                        Principal          Principal            Principal       Principal
         Group            Count           Balance            Balance  Count       Balance         Balance
                                                                                                         
        GROUP 1              22      3,778,543.00       3,739,176.75      0          0.00            0.00
        GROUP 2              35      8,855,831.00       8,734,259.73      0          0.00            0.00
         Total               57     12,634,374.00      12,473,436.48      0          0.00            0.00

                                                        [Enlarge/Download Table]

              Prepayment Detail - Prepayments during Current Period (continued)                                           

Summary                                                                                                                   
                                   Substitution Loans                            Liquidated Loans             Curtailments

                                       Original            Current                  Original         Current              
                                      Principal          Principal                 Principal       Principal   Curtailment
         Group           Count          Balance            Balance      Count        Balance         Balance        Amount
                                                                                                                          
        GROUP 1              0             0.00               0.00          0           0.00            0.00     15,115.13
        GROUP 2              0             0.00               0.00          0           0.00            0.00     22,290.44
         Total               0             0.00               0.00          0           0.00            0.00     37,405.57

                                                        [Enlarge/Download Table]


       Prepayment Loan Detail - Prepayments during Current Period                                     
                                                                         First    Original            
                              Loan                       LTV at        Payment   Principal  Prepayment
 Group                      Number        State     Origination           Date     Balance      Amount
                                                                                                      
GROUP 1                 0136447935           WV           90.00    01-Jan-2005  236,642.00  234,179.66
GROUP 1                 0139511125           AZ           93.14    01-Dec-2004  142,500.00  140,782.29
GROUP 1                 0139525802           FL           80.00    01-Oct-2004  125,600.00  123,912.45
GROUP 1                 0139824338           LA           90.00    01-Nov-2004   99,900.00   98,679.43
GROUP 1                 0140025834           NY           90.00    01-Jan-2005  111,600.00  110,381.87
GROUP 1                 0140165424           FL           90.00    01-Nov-2004  152,100.00  150,269.22
GROUP 1                 0141063289           NV           71.46    01-Feb-2005  191,500.00  189,407.40
GROUP 1                 0141149971           CA           65.12    01-Jan-2005  267,000.00  264,033.31
GROUP 1                 0141273508           CA           79.88    01-Feb-2005  323,500.00  320,115.15
GROUP 1                 0141275453           SD           80.00    01-Feb-2005  112,000.00  110,908.93
GROUP 1                 0141312918           MD           79.44    01-Feb-2005  286,000.00  282,070.90
GROUP 1                 0141315309           FL           88.89    01-Mar-2005  160,000.00  158,489.98
GROUP 1                 0141325241           AZ           90.00    01-Jan-2005  153,900.00  151,643.51
GROUP 1                 0141433565           CA           89.00    01-Feb-2005  193,130.00  191,237.39
GROUP 1                 0141496828           OH           80.00    01-Feb-2005   97,600.00   96,504.01
GROUP 1                 0141592568           CA           80.00    01-Feb-2005  264,000.00  259,726.91
GROUP 1                 0141628156           MI           90.00    01-Feb-2005  155,250.00  153,737.59
GROUP 1                 0141635813           MI           80.00    01-Feb-2005   40,320.00   39,715.00
GROUP 1                 0141666206           OH           80.00    01-Mar-2005  264,000.00  261,611.97
GROUP 1                 0141719708           CA           36.23    01-Mar-2005  125,001.00  123,746.37
GROUP 1                 0141827543           CA           90.00    01-Mar-2005  162,000.00  160,499.19
GROUP 1                 0142014109           CA           21.50    01-Mar-2005  115,000.00  113,908.95
GROUP 2                 0136964715           LA           95.00    01-Jul-2004   80,750.00   75,832.74
GROUP 2                 0138904479           FL           95.00    01-Sep-2004  152,000.00  149,987.68
GROUP 2                 0139560684           FL           86.41    01-Oct-2004  318,000.00  313,890.25
GROUP 2                 0139678262           LA           86.82    01-Nov-2004   95,500.00   94,440.93
GROUP 2                 0139875884           CA           80.00    01-Dec-2004  296,000.00  292,490.10
GROUP 2                 0140153883           MN           80.00    01-Dec-2004  152,000.00  150,189.36
GROUP 2                 0140332602           NJ           89.92    01-Jan-2005   53,500.00   53,063.99
GROUP 2                 0140418013           CA           80.00    01-Dec-2004  468,000.00  459,863.67
GROUP 2                 0140610395           AZ           90.00    01-Dec-2004  162,000.00  160,254.14
GROUP 2                 0140649153           MD           85.43    01-Dec-2004  340,000.00  336,336.59
GROUP 2                 0140833526           NV           95.00    01-Feb-2005  118,750.00  117,724.90
GROUP 2                 0140901117           OR           70.00    01-Dec-2004   79,800.00   78,940.15
GROUP 2                 0140901356           MN           85.00    01-Jan-2005  165,750.00  164,259.00
GROUP 2                 0140977414           PA           90.00    01-Feb-2005  472,500.00  468,320.64
GROUP 2                 0140979592           MA           90.00    01-Jan-2005  348,660.00  345,366.51
GROUP 2                 0141072363           WA           90.00    01-Jan-2005  170,100.00  168,355.25
GROUP 2                 0141073023           IA           95.00    01-Feb-2005   87,305.00   86,604.81
GROUP 2                 0141096073           CA           80.00    01-Jan-2005  264,000.00  260,978.49
GROUP 2                 0141136077           NJ           90.00    01-Jan-2005  476,100.00  470,479.81
GROUP 2                 0141138818           NY           78.23    01-Jan-2005  575,000.00  568,572.98
GROUP 2                 0141165506           CA           94.34    01-Jan-2005  500,000.00  494,780.79
GROUP 2                 0141207332           AL           95.00    01-Feb-2005  343,615.00  340,480.27
GROUP 2                 0141228221           MD           90.00    01-Feb-2005   40,410.00   40,063.09
GROUP 2                 0141228478           NY           80.00    01-Mar-2005   88,000.00   87,241.32
GROUP 2                 0141233429           LA           90.00    01-Jan-2005  148,500.00  147,164.13
GROUP 2                 0141273672           CA           63.08    01-Jan-2005  410,000.00  404,895.11
GROUP 2                 0141403691           FL           90.00    01-Jan-2005  147,591.00  146,327.15
GROUP 2                 0141461012           NJ           92.30    01-Feb-2005  341,500.00  338,623.34
GROUP 2                 0141705541           NH           90.00    01-Feb-2005  297,000.00  294,202.25
GROUP 2                 0141812503           MD           93.17    01-Mar-2005  300,000.00  297,535.77
GROUP 2                 0141837617           VA           80.00    01-Mar-2005  608,000.00  602,758.30
GROUP 2                 0141847608           NM           95.00    01-Feb-2005  137,750.00  136,589.64
GROUP 2                 0141866178           LA           75.00    01-Feb-2005   71,250.00   70,564.21
GROUP 2                 0141888636           LA           70.65    01-Feb-2005   65,000.00   62,236.14
GROUP 2                 0141940973           NJ           90.00    01-Mar-2005  481,500.00  446,550.49

                                                        [Enlarge/Download Table]


       Prepayment Loan Detail - Prepayments during Current Period (continued)                                

                                                                               Current                       
                             Loan                     PIF        Months           Loan    Original           
 Group                     Number                    Type    Delinquent           Rate        Term  Seasoning
                                                                                                             
GROUP 1                0136447935       Loan Paid in Full           0             6.875%       360         11
GROUP 1                0139511125       Loan Paid in Full           0             6.950%       360         12
GROUP 1                0139525802       Loan Paid in Full          (1)            6.750%       360         14
GROUP 1                0139824338       Loan Paid in Full           1             6.875%       360         13
GROUP 1                0140025834       Loan Paid in Full           0             6.625%       360         11
GROUP 1                0140165424       Loan Paid in Full           0             6.950%       360         13
GROUP 1                0141063289       Loan Paid in Full           0             6.500%       360         10
GROUP 1                0141149971       Loan Paid in Full           0             6.625%       360         11
GROUP 1                0141273508       Loan Paid in Full           0             6.375%       360         10
GROUP 1                0141275453       Loan Paid in Full           0             6.750%       360         10
GROUP 1                0141312918       Loan Paid in Full           0             6.000%       360         10
GROUP 1                0141315309       Loan Paid in Full           0             6.625%       360          9
GROUP 1                0141325241       Loan Paid in Full           0             6.750%       360         11
GROUP 1                0141433565       Loan Paid in Full           0             6.750%       360         10
GROUP 1                0141496828       Loan Paid in Full           1             6.000%       360         10
GROUP 1                0141592568       Loan Paid in Full           0             5.875%       360         10
GROUP 1                0141628156       Loan Paid in Full          (1)            6.750%       360         10
GROUP 1                0141635813       Loan Paid in Full           0             6.750%       360         10
GROUP 1                0141666206       Loan Paid in Full           0             6.625%       360          9
GROUP 1                0141719708       Loan Paid in Full           0             6.250%       360          9
GROUP 1                0141827543       Loan Paid in Full           0             6.500%       360          9
GROUP 1                0142014109       Loan Paid in Full           0             6.375%       360          9
GROUP 2                0136964715       Loan Paid in Full           1             6.750%       180         17
GROUP 2                0138904479       Loan Paid in Full           0             7.250%       360         15
GROUP 2                0139560684       Loan Paid in Full           0             7.250%       360         14
GROUP 2                0139678262       Loan Paid in Full           1             7.375%       360         13
GROUP 2                0139875884       Loan Paid in Full           0             6.625%       360         12
GROUP 2                0140153883       Loan Paid in Full           0             6.750%       360         12
GROUP 2                0140332602       Loan Paid in Full           0             8.125%       360         11
GROUP 2                0140418013       Loan Paid in Full          (1)            6.375%       360         12
GROUP 2                0140610395       Loan Paid in Full           0             7.125%       360         12
GROUP 2                0140649153       Loan Paid in Full           0             7.125%       360         12
GROUP 2                0140833526       Loan Paid in Full           0             7.375%       360         10
GROUP 2                0140901117       Loan Paid in Full           0             7.125%       360         12
GROUP 2                0140901356       Loan Paid in Full           0             7.625%       360         11
GROUP 2                0140977414       Loan Paid in Full           0             7.250%       360         10
GROUP 2                0140979592       Loan Paid in Full           0             7.375%       360         11
GROUP 2                0141072363       Loan Paid in Full           0             7.125%       360         11
GROUP 2                0141073023       Loan Paid in Full           0             7.750%       360         10
GROUP 2                0141096073       Loan Paid in Full           0             6.375%       360         11
GROUP 2                0141136077       Loan Paid in Full           0             7.250%       360         11
GROUP 2                0141138818       Loan Paid in Full           0             6.500%       360         11
GROUP 2                0141165506       Loan Paid in Full           0             6.875%       360         11
GROUP 2                0141207332       Loan Paid in Full           1             7.125%       360         10
GROUP 2                0141228221       Loan Paid in Full           0             7.625%       360         10
GROUP 2                0141228478       Loan Paid in Full           0             6.875%       360          9
GROUP 2                0141233429       Loan Paid in Full           1             7.625%       360         11
GROUP 2                0141273672       Loan Paid in Full           0             6.500%       360         11
GROUP 2                0141403691       Loan Paid in Full           0             7.875%       360         11
GROUP 2                0141461012       Loan Paid in Full           2             7.500%       360         10
GROUP 2                0141705541       Loan Paid in Full           0             7.125%       360         10
GROUP 2                0141812503       Loan Paid in Full           0             7.125%       360          9
GROUP 2                0141837617       Loan Paid in Full           0             6.875%       360          9
GROUP 2                0141847608       Loan Paid in Full           0             7.500%       360         10
GROUP 2                0141866178       Loan Paid in Full           1             7.000%       360         10
GROUP 2                0141888636       Loan Paid in Full           1             6.250%       180         10
GROUP 2                0141940973       Loan Paid in Full          (1)            7.125%       360          9

                                                        [Enlarge/Download Table]

                                            Prepayment - Voluntary Prepayments                                             


  Summary                                                                                                                  
     SMM                                   CPR                                      PSA                                    
                                                                                                                           
     Current Month            2.829%       Current Month             29.130%        Current Month               1,323.688% 
     3 Month Average          1.919%       3 Month Average           20.522%        3 Month Average             1,013.985% 
     12 Month Average         0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



                CPR: Current vs 12mo Average*                                PSA: Current vs 12mo Average*                 
          Month        Current        12mo Avg.                        Month        Current        12mo Avg.               
                                                                                                                           

         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005      10.864%           N/A                          Jun-2005   1,086.520%           N/A                  
         Jul-2005      17.493%           N/A                          Jul-2005   1,457.149%           N/A                  
         Aug-2005      14.344%           N/A                          Aug-2005   1,024.122%           N/A                  
         Sep-2005      16.365%           N/A                          Sep-2005   1,023.000%           N/A                  
         Oct-2005      17.272%           N/A                          Oct-2005     959.753%           N/A                  
         Nov-2005      15.164%           N/A                          Nov-2005     758.516%           N/A                  
         Dec-2005      29.130%           N/A                          Dec-2005   1,323.688%           N/A                  

     *The text reported in the above table is presented        *The text reported in the above table is presented          
     graphically on the monthly bond remittance report. The    graphically on the monthly bond remittance report. The      
     monthly bond remittance report can be viewed online at    monthly bond remittance report can be viewed online at      
     www.ctslink.com.                                          www.ctslink.com.                                            


  GROUP 1                                                                                                                  
     SMM                                   CPR                                      PSA                                    
                                                                                                                           
     Current Month            2.076%       Current Month             22.257%        Current Month               1,024.121% 
     3 Month Average          1.248%       3 Month Average           13.794%        3 Month Average               683.249% 
     12 Month Average         0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



                CPR: Current vs 12mo Average*                                PSA: Current vs 12mo Average*                 
          Month        Current        12mo Avg.                        Month        Current        12mo Avg.               
                                                                                                                           

         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005       7.653%           N/A                          Jun-2005     786.414%           N/A                  
         Jul-2005       9.144%           N/A                          Jul-2005     779.740%           N/A                  
         Aug-2005       9.850%           N/A                          Aug-2005     717.674%           N/A                  
         Sep-2005      15.766%           N/A                          Sep-2005   1,003.740%           N/A                  
         Oct-2005       9.671%           N/A                          Oct-2005     546.065%           N/A                  
         Nov-2005       9.454%           N/A                          Nov-2005     479.560%           N/A                  
         Dec-2005      22.257%           N/A                          Dec-2005   1,024.121%           N/A                  

     *The text reported in the above table is presented        *The text reported in the above table is presented          
     graphically on the monthly bond remittance report. The    graphically on the monthly bond remittance report. The      
     monthly bond remittance report can be viewed online at    monthly bond remittance report can be viewed online at      
     www.ctslink.com.                                          www.ctslink.com.                                            


  GROUP 2                                                                                                                  
     SMM                                   CPR                                      PSA                                    
                                                                                                                           
     Current Month            3.349%       Current Month             33.553%        Current Month               1,511.459% 
     3 Month Average          2.378%       3 Month Average           24.838%        3 Month Average             1,220.205% 
     12 Month Average         0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



                CPR: Current vs 12mo Average*                                PSA: Current vs 12mo Average*                 
          Month        Current        12mo Avg.                        Month        Current        12mo Avg.               
                                                                                                                           

         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005      12.922%           N/A                          Jun-2005   1,269.912%           N/A                  
         Jul-2005      22.626%           N/A                          Jul-2005   1,855.938%           N/A                  
         Aug-2005      17.243%           N/A                          Aug-2005   1,214.619%           N/A                  
         Sep-2005      16.767%           N/A                          Sep-2005   1,035.479%           N/A                  
         Oct-2005      22.078%           N/A                          Oct-2005   1,213.582%           N/A                  
         Nov-2005      18.884%           N/A                          Nov-2005     935.574%           N/A                  
         Dec-2005      33.553%           N/A                          Dec-2005   1,511.459%           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.                                            

<FN>                                                                                                                       

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))                                                                                                                  

</FN>                                                                                                                      
                                                                [Download Table]


                               Modifications                                

  Loan  Beginning         Current        Prior   Modified   Prior   Modified
Number    Balance         Balance         Rate       Rate  Payment   Payment
                                                                            

                   No Modifications this Period                             

                                                        [Enlarge/Download Table]

                                        Substitutions                                        
            Loans Repurchased                                  Loans Substituted             

  Loan  Current     Current          Current             Loan    Current     Current  Current
Number  Balance        Rate          Payment           Number     Balance       Rate  Payment
                                                                                             

                               No Substitutions this Period                                  

                                                                [Download Table]

                        Repurchases                               

  Loan                Current        Current               Current
Number                Balance           Rate               Payment
                                                                  

              No Repurchases this Period

Dates Referenced Herein

This ‘8-K’ Filing	Date	Other Filings

Filed on:	1/5/06	None on these Dates
For Period End:	12/27/05
		List all Filings

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Filing Submission 0001056404-06-000216 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

NAAC Alternative Loan Trust, Series 2005-WF1 – ‘8-K’ for 12/27/05

On: Thursday, 1/5/06, at 11:38am ET · For: 12/27/05 · Accession #: 1056404-6-216 · File #: 333-109614-11

Previous ‘8-K’: ‘8-K’ on 12/2/05 for 11/25/05 · Latest ‘8-K’: This Filing

Current Report — Form 8-KFiling Table of Contents

Document Table of Contents

Dates Referenced Herein

Current Report — Form 8-K
Filing Table of Contents