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Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Series 2005-7 – ‘8-K’ for 9/26/05

On:  Monday, 10/3/05, at 10:19am ET   ·   For:  9/26/05   ·   Accession #:  1056404-5-3329   ·   File #:  333-118843-28

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

10/03/05  Banc of America Alternati… 2005-7 8-K:8,9     9/26/05    1:55K                                    Norwest Asset SEC Co… Tr

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                        32±   157K

Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st 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):  September 26, 2005

  BANC OF AMERICA ALTERNATIVE LOAN TRUST
 Mortgage Pass-Through Certificates, Series 2005-7 Trust
  (Exact name of registrant as specified in its charter)

New York (governing law of            333-118843-28                             
Pooling and Servicing Agreement)      (Commission         54-2179613            
(State or other                       File Number)        54-2179614            
jurisdiction                                              54-2179615            
of Incorporation)                                         IRS EIN               

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 September 26, 2005 a distribution was made to holders of BANC OF AMERICA   
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-7     
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 2005-7 Trust, relating to the
                                September 26, 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.                                           

  BANC OF AMERICA ALTERNATIVE LOAN TRUST
 Mortgage Pass-Through Certificates, Series 2005-7 Trust
  (Registrant)

By:    Wells Fargo Bank, N.A. as Trustee            
By:   /s/   Beth Belfield as Officer                
By:    Beth Belfield as Officer                     

Date:  9/29/2005                                    

 INDEX TO EXHIBITS

Exhibit Number            Description                                           

EX-99.1                   Monthly report distributed to holders of Mortgage     
                   Pass-Through Certificates, Series 2005-7 Trust,
                    relating to the September 26, 2005 distribution.

EX-99.1                                   

                                                        [Enlarge/Download Table]

Banc of America Alternative Loan Trust                                                                      
Mortgage Pass-Through Certificates                                                                          

Record Date:             8/31/2005                                                                          
Distribution Date:       9/26/2005                                                                          

Banc of America Alternative Loan Trust                                                                      
Mortgage Pass-Through Certificates                                                                          
Series 2005-7                                                                                               

Contact: Customer Service - CTSLink                                                                         
         Wells Fargo Bank, N.A.                                                                             
         Securities Administration Services                                                                 
         7485 New Horizon Way                                                                               
         Frederick, MD 21703                                                                                
         www.ctslink.com                                                                                    
         Telephone: (301) 815-6600                                                                          
         Fax:       (301) 815-6660                                                                          

                                        Certificateholder Distribution Summary                              

                                           Certificate         Certificate          Beginning               
                                                 Class        Pass-Through        Certificate      Interest 
Class                  CUSIP                Description                Rate            Balance  Distribution

                                                                                                            
CB1                      05948KH36                  SEN            5.50000%      19,277,000.00     88,352.92
CB2                      05948KH44                  SEN            5.00000%     122,940,322.80    512,251.35
CB3                      05948KH51                  SEN            3.94125%      30,735,080.70    100,945.53
CB4IO                    05948KH69                  SEN            3.55875%               0.00     91,148.72
CB5                      05948KH77                  SEN            5.50000%      11,087,000.00     50,815.42
CBR                      05948KH85                  SEN            5.50000%               0.00          0.06
2CB1                     05948KH93                  SEN            6.00000%     103,032,651.39    515,163.26
3CB1                     05948KJ26                  SEN            6.00000%      70,086,713.05    350,433.57
CBIO                     05948KJ34                  SEN            5.50000%               0.00     55,481.45
CBPO                     05948KJ42                   PO            0.00000%         735,472.55          0.00
B1                       05948KJ59                  SUB            5.74287%       5,992,161.29     28,676.85
B2                       05948KJ67                  SUB            5.74287%       2,808,263.65     13,439.58
B3                       05948KJ75                  SUB            5.74287%       2,246,810.73     10,752.62
B4                       05948KJ83                  SUB            5.74287%       1,310,722.84      6,272.76
B5                       05948KJ91                  SUB            5.74287%       1,310,722.84      6,272.76
B6                       05948KK24                  SUB            5.74287%         936,471.51      4,481.70
RL                       BAA0505RL                  SEN            0.00000%               0.00          0.00
RM                       BAA0505RM                  SEN            0.00000%               0.00          0.00

Totals                                                                          372,499,393.35  1,834,488.55
                                                        [Enlarge/Download Table]


                                   Certificateholder Distribution Summary (continued)                          

                                                 Current              Ending                        Cumulative 
                          Principal             Realized         Certificate                Total     Realized 
Class                   Distribution                 Loss             Balance         Distribution       Losses

                                                                                                               
CB1                             0.00                 0.00       19,277,000.00            88,352.92         0.00
CB2                       693,818.02                 0.00      122,246,504.79         1,206,069.37         0.00
CB3                       173,454.50                 0.00       30,561,626.20           274,400.03         0.00
CB4IO                           0.00                 0.00                0.00            91,148.72         0.00
CB5                             0.00                 0.00       11,087,000.00            50,815.42         0.00
CBR                             0.00                 0.00                0.00                 0.06         0.00
2CB1                    2,688,268.21                 0.00      100,344,383.18         3,203,431.47         0.00
3CB1                      986,215.19                 0.00       69,100,497.86         1,336,648.76         0.00
CBIO                            0.00                 0.00                0.00            55,481.45         0.00
CBPO                        1,738.44                 0.00          733,734.11             1,738.44         0.00
B1                          5,873.62                 0.00        5,986,287.67            34,550.47         0.00
B2                          2,752.71                 0.00        2,805,510.94            16,192.29         0.00
B3                          2,202.36                 0.00        2,244,608.36            12,954.98         0.00
B4                          1,284.79                 0.00        1,309,438.05             7,557.55         0.00
B5                          1,284.79                 0.00        1,309,438.05             7,557.55         0.00
B6                            917.95                 0.00          935,553.56             5,399.65         0.00
RL                              0.00                 0.00                0.00                 0.00         0.00
RM                              0.00                 0.00                0.00                 0.00         0.00

Totals                  4,557,810.58                 0.00      367,941,582.77         6,392,299.13         0.00

<FN>                                                                                                           
All distributions required by the Pooling and Servicing Agreement have been calculated by the                  
Certificate Administrator on behalf of the Trustee.                                                            

This report has been compiled from information provided to Wells Fargo Bank, N.A. by various                   
third parties, which may include the Servicer, Master Servicer, Special Servicer and others.                   
Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received                    
from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly                        
disclaims any responsibility for the accuracy or completeness of information furnished by                      
third parties.                                                                                                 
</FN>                                                                                                          
                                                        [Enlarge/Download Table]


                                                Principal Distribution Statement                                        

                         Original            Beginning          Scheduled       Unscheduled                             
                             Face          Certificate          Principal         Principal                    Realized 
Class                       Amount              Balance       Distribution      Distribution        Accretion   Loss (1)

                                                                                                                        
CB1                  19,277,000.00        19,277,000.00               0.00              0.00             0.00       0.00
CB2                 123,372,000.00       122,940,322.80         150,944.24        542,873.78             0.00       0.00
CB3                  30,843,000.00        30,735,080.70          37,736.06        135,718.45             0.00       0.00
CB4IO                         0.00                 0.00               0.00              0.00             0.00       0.00
CB5                  11,087,000.00        11,087,000.00               0.00              0.00             0.00       0.00
CBR                         100.00                 0.00               0.00              0.00             0.00       0.00
2CB1                103,936,000.00       103,032,651.39          95,245.70      2,593,022.51             0.00       0.00
3CB1                 70,951,000.00        70,086,713.05          66,198.03        920,017.16             0.00       0.00
CBIO                          0.00                 0.00               0.00              0.00             0.00       0.00
CBPO                    744,414.00           735,472.55             821.22            917.22             0.00       0.00
B1                    5,998,000.00         5,992,161.29           5,873.62              0.00             0.00       0.00
B2                    2,811,000.00         2,808,263.65           2,752.71              0.00             0.00       0.00
B3                    2,249,000.00         2,246,810.73           2,202.36              0.00             0.00       0.00
B4                    1,312,000.00         1,310,722.84           1,284.79              0.00             0.00       0.00
B5                    1,312,000.00         1,310,722.84           1,284.79              0.00             0.00       0.00
B6                      937,384.00           936,471.51             917.95              0.00             0.00       0.00
RL                            0.00                 0.00               0.00              0.00             0.00       0.00
RM                            0.00                 0.00               0.00              0.00             0.00       0.00

Totals              374,829,898.00       372,499,393.35         365,261.47      4,192,549.12             0.00       0.00
<FN>                                                                                                                    
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.              
    Please Refer to the Prospectus Supplement for a Full Description.                                                   

</FN>                                                                                                                   

                                                                 [Download Table]
                                                                                
                                                                                

                      Principal Distribution Statement (continued)              

              Total            Ending                    Ending           Total 
          Principal       Certificate               Certificate       Principal 
Class      Reduction           Balance                Percentage    Distribution

                                                                                
CB1             0.00     19,277,000.00                1.00000000            0.00
CB2       693,818.02    122,246,504.79                0.99087722      693,818.02
CB3       173,454.50     30,561,626.20                0.99087722      173,454.50
CB4IO           0.00              0.00                0.00000000            0.00
CB5             0.00     11,087,000.00                1.00000000            0.00
CBR             0.00              0.00                0.00000000            0.00
2CB1    2,688,268.21    100,344,383.18                0.96544396    2,688,268.21
3CB1      986,215.19     69,100,497.86                0.97391859      986,215.19
CBIO            0.00              0.00                0.00000000            0.00
CBPO        1,738.44        733,734.11                0.98565329        1,738.44
B1          5,873.62      5,986,287.67                0.99804729        5,873.62
B2          2,752.71      2,805,510.94                0.99804729        2,752.71
B3          2,202.36      2,244,608.36                0.99804729        2,202.36
B4          1,284.79      1,309,438.05                0.99804729        1,284.79
B5          1,284.79      1,309,438.05                0.99804729        1,284.79
B6            917.95        935,553.56                0.99804729          917.95
RL              0.00              0.00                0.00000000            0.00
RM              0.00              0.00                0.00000000            0.00

Totals  4,557,810.58    367,941,582.77                0.98162282    4,557,810.58

                                                                                                                                       [Enlarge/Download Table]


                                     Principal Distribution Factors Statement                          

                             Original          Beginning         Scheduled     Unscheduled             
                                 Face        Certificate         Principal       Principal             
Class (2)                       Amount            Balance      Distribution    Distribution   Accretion

                                                                                                       
CB1                      19,277,000.00      1000.00000000        0.00000000      0.00000000  0.00000000
CB2                     123,372,000.00       996.50101157        1.22348864      4.40029974  0.00000000
CB3                      30,843,000.00       996.50101157        1.22348864      4.40029991  0.00000000
CB4IO                             0.00         0.00000000        0.00000000      0.00000000  0.00000000
CB5                      11,087,000.00      1000.00000000        0.00000000      0.00000000  0.00000000
CBR                             100.00         0.00000000        0.00000000      0.00000000  0.00000000
2CB1                    103,936,000.00       991.30860712        0.91638797     24.94826153  0.00000000
3CB1                     70,951,000.00       987.81853744        0.93301053     12.96693718  0.00000000
CBIO                              0.00         0.00000000        0.00000000      0.00000000  0.00000000
CBPO                        744,414.00       987.98860580        1.10317646      1.23213696  0.00000000
B1                        5,998,000.00       999.02655719        0.97926309      0.00000000  0.00000000
B2                        2,811,000.00       999.02655639        0.97926361      0.00000000  0.00000000
B3                        2,249,000.00       999.02655847        0.97926189      0.00000000  0.00000000
B4                        1,312,000.00       999.02655488        0.97926067      0.00000000  0.00000000
B5                        1,312,000.00       999.02655488        0.97926067      0.00000000  0.00000000
B6                          937,384.00       999.02655689        0.97926783      0.00000000  0.00000000
RL                                0.00         0.00000000        0.00000000      0.00000000  0.00000000
RM                                0.00         0.00000000        0.00000000      0.00000000  0.00000000
<FN>                                                                                                   
2) All classes are per 1,000 dollar denomination.                                                      
</FN>                                                                                                  

                                                        [Enlarge/Download Table]


                                   Principal Distribution Factors Statement (continued)                           

                                                Total                   Ending               Ending         Total 
                         Realized           Principal              Certificate          Certificate     Principal 
Class                     Loss (3)           Reduction                  Balance           Percentage  Distribution

                                                                                                                  
CB1                     0.00000000          0.00000000           1,000.00000000           1.00000000    0.00000000
CB2                     0.00000000          5.62378838             990.87722328           0.99087722    5.62378838
CB3                     0.00000000          5.62378822             990.87722336           0.99087722    5.62378822
CB4IO                   0.00000000          0.00000000               0.00000000           0.00000000    0.00000000
CB5                     0.00000000          0.00000000           1,000.00000000           1.00000000    0.00000000
CBR                     0.00000000          0.00000000               0.00000000           0.00000000    0.00000000
2CB1                    0.00000000         25.86464950             965.44395763           0.96544396   25.86464950
3CB1                    0.00000000         13.89994771             973.91858973           0.97391859   13.89994771
CBIO                    0.00000000          0.00000000               0.00000000           0.00000000    0.00000000
CBPO                    0.00000000          2.33531341             985.65329239           0.98565329    2.33531341
B1                      0.00000000          0.97926309             998.04729410           0.99804729    0.97926309
B2                      0.00000000          0.97926361             998.04729278           0.99804729    0.97926361
B3                      0.00000000          0.97926189             998.04729213           0.99804729    0.97926189
B4                      0.00000000          0.97926067             998.04729421           0.99804729    0.97926067
B5                      0.00000000          0.97926067             998.04729421           0.99804729    0.97926067
B6                      0.00000000          0.97926783             998.04728905           0.99804729    0.97926783
RL                      0.00000000          0.00000000               0.00000000           0.00000000    0.00000000
RM                      0.00000000          0.00000000               0.00000000           0.00000000    0.00000000
<FN>                                                                                                              
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses                                    
    Unless Otherwise Disclosed.                                                                                   
    Please Refer to the Prospectus Supplement for a Full Description.                                             
</FN>                                                                                                             

                                                        [Enlarge/Download Table]


                                 Interest Distribution Statement                                  

                                             Beginning                      Payment of            
             Original       Current       Certificate/            Current       Unpaid    Current 
                 Face   Certificate           Notional            Accrued     Interest   Interest 
Class           Amount          Rate            Balance           Interest    Shortfall  Shortfall

                                                                                                  

CB1      19,277,000.00      5.50000%      19,277,000.00          88,352.92         0.00       0.00
CB2     123,372,000.00      5.00000%     122,940,322.80         512,251.35         0.00       0.00
CB3      30,843,000.00      3.94125%      30,735,080.70         100,945.53         0.00       0.00
CB4IO             0.00      3.55875%      30,735,080.70          91,148.72         0.00       0.00
CB5      11,087,000.00      5.50000%      11,087,000.00          50,815.42         0.00       0.00
CBR             100.00      5.50000%               0.00               0.00         0.00       0.00
2CB1    103,936,000.00      6.00000%     103,032,651.39         515,163.26         0.00       0.00
3CB1     70,951,000.00      6.00000%      70,086,713.05         350,433.57         0.00       0.00
CBIO              0.00      5.50000%      12,105,042.95          55,481.45         0.00       0.00
CBPO        744,414.00      0.00000%         735,472.55               0.00         0.00       0.00
B1        5,998,000.00      5.74287%       5,992,161.29          28,676.85         0.00       0.00
B2        2,811,000.00      5.74287%       2,808,263.65          13,439.58         0.00       0.00
B3        2,249,000.00      5.74287%       2,246,810.73          10,752.62         0.00       0.00
B4        1,312,000.00      5.74287%       1,310,722.84           6,272.76         0.00       0.00
B5        1,312,000.00      5.74287%       1,310,722.84           6,272.76         0.00       0.00
B6          937,384.00      5.74287%         936,471.51           4,481.70         0.00       0.00
RL                0.00      0.00000%               0.00               0.00         0.00       0.00
RM                0.00      0.00000%               0.00               0.00         0.00       0.00

Totals  374,829,898.00                                        1,834,488.49         0.00       0.00

                                                        [Enlarge/Download Table]


                                    Interest Distribution Statement (continued)                                   

                                                                                  Remaining                Ending 
                    Non-Supported                                   Total            Unpaid          Certificate/ 
                         Interest           Realized             Interest          Interest              Notional 
Class                    Shortfall         Losses (4)         Distribution         Shortfall               Balance

                                                                                                                  
CB1                           0.00               0.00            88,352.92              0.00         19,277,000.00
CB2                           0.00               0.00           512,251.35              0.00        122,246,504.79
CB3                           0.00               0.00           100,945.53              0.00         30,561,626.20
CB4IO                         0.00               0.00            91,148.72              0.00         30,561,626.20
CB5                           0.00               0.00            50,815.42              0.00         11,087,000.00
CBR                           0.00               0.00                 0.06              0.00                  0.00
2CB1                          0.00               0.00           515,163.26              0.00        100,344,383.18
3CB1                          0.00               0.00           350,433.57              0.00         69,100,497.86
CBIO                          0.00               0.00            55,481.45              0.00         11,859,478.58
CBPO                          0.00               0.00                 0.00              0.00            733,734.11
B1                            0.00               0.00            28,676.85              0.00          5,986,287.67
B2                            0.00               0.00            13,439.58              0.00          2,805,510.94
B3                            0.00               0.00            10,752.62              0.00          2,244,608.36
B4                            0.00               0.00             6,272.76              0.00          1,309,438.05
B5                            0.00               0.00             6,272.76              0.00          1,309,438.05
B6                            0.00               0.00             4,481.70              0.00            935,553.56
RL                            0.00               0.00                 0.00              0.00                  0.00
RM                            0.00               0.00                 0.00              0.00                  0.00

Totals                        0.00               0.00         1,834,488.55              0.00                      
<FN>                                                                                                              

(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.        
    Please Refer to the Prospectus Supplement for a Full Description.                                             

</FN>                                                                                                             

                                                        [Enlarge/Download Table]

                                             Interest Distribution Factors Statement                               

                                                              Beginning                     Payment of             
                           Original          Current       Certificate/           Current       Unpaid     Current 
                               Face      Certificate           Notional           Accrued    Interest     Interest 
Class (5)                     Amount             Rate            Balance          Interest    Shortfall   Shortfall

                                                                                                                   
CB1                    19,277,000.00         5.50000%      1000.00000000        4.58333351   0.00000000  0.00000000
CB2                   123,372,000.00         5.00000%       996.50101157        4.15208759   0.00000000  0.00000000
CB3                    30,843,000.00         3.94125%       996.50101157        3.27288299   0.00000000  0.00000000
CB4IO                           0.00         3.55875%       996.50101157        2.95524819   0.00000000  0.00000000
CB5                    11,087,000.00         5.50000%      1000.00000000        4.58333363   0.00000000  0.00000000
CBR                           100.00         5.50000%         0.00000000        0.00000000   0.00000000  0.00000000
2CB1                  103,936,000.00         6.00000%       991.30860712        4.95654306   0.00000000  0.00000000
3CB1                   70,951,000.00         6.00000%       987.81853744        4.93909275   0.00000000  0.00000000
CBIO                            0.00         5.50000%       990.87659648        4.54151799   0.00000000  0.00000000
CBPO                      744,414.00         0.00000%       987.98860580        0.00000000   0.00000000  0.00000000
B1                      5,998,000.00         5.74287%       999.02655719        4.78106869   0.00000000  0.00000000
B2                      2,811,000.00         5.74287%       999.02655639        4.78106724   0.00000000  0.00000000
B3                      2,249,000.00         5.74287%       999.02655847        4.78106714   0.00000000  0.00000000
B4                      1,312,000.00         5.74287%       999.02655488        4.78106707   0.00000000  0.00000000
B5                      1,312,000.00         5.74287%       999.02655488        4.78106707   0.00000000  0.00000000
B6                        937,384.00         5.74287%       999.02655689        4.78107158   0.00000000  0.00000000
RL                              0.00         0.00000%         0.00000000        0.00000000   0.00000000  0.00000000
RM                              0.00         0.00000%         0.00000000        0.00000000   0.00000000  0.00000000

<FN>                                                                                                               

5) All classes are per 1,000 dollar denomination.                                                                  

</FN>                                                                                                              

                                                        [Enlarge/Download Table]

                              Interest Distribution Factors Statement (continued)                        

                                                                                Remaining         Ending 
                    Non-Supported                                 Total            Unpaid   Certificate/ 
                         Interest           Realized           Interest          Interest       Notional 
Class                    Shortfall         Losses (6)       Distribution         Shortfall        Balance

                                                                                                         
CB1                     0.00000000         0.00000000         4.58333351        0.00000000  1000.00000000
CB2                     0.00000000         0.00000000         4.15208759        0.00000000   990.87722328
CB3                     0.00000000         0.00000000         3.27288299        0.00000000   990.87722336
CB4IO                   0.00000000         0.00000000         2.95524819        0.00000000   990.87722336
CB5                     0.00000000         0.00000000         4.58333363        0.00000000  1000.00000000
CBR                     0.00000000         0.00000000         0.60000000        0.00000000     0.00000000
2CB1                    0.00000000         0.00000000         4.95654306        0.00000000   965.44395763
3CB1                    0.00000000         0.00000000         4.93909275        0.00000000   973.91858973
CBIO                    0.00000000         0.00000000         4.54151799        0.00000000   970.77555362
CBPO                    0.00000000         0.00000000         0.00000000        0.00000000   985.65329239
B1                      0.00000000         0.00000000         4.78106869        0.00000000   998.04729410
B2                      0.00000000         0.00000000         4.78106724        0.00000000   998.04729278
B3                      0.00000000         0.00000000         4.78106714        0.00000000   998.04729213
B4                      0.00000000         0.00000000         4.78106707        0.00000000   998.04729421
B5                      0.00000000         0.00000000         4.78106707        0.00000000   998.04729421
B6                      0.00000000         0.00000000         4.78107158        0.00000000   998.04728905
RL                      0.00000000         0.00000000         0.00000000        0.00000000     0.00000000
RM                      0.00000000         0.00000000         0.00000000        0.00000000     0.00000000
<FN>                                                                                                     
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless                     
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.               
</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

                                                                                                        
       1CBIO       5.50000%  6,759,095.89       6,718,172.50              0.00        0.00  99.22800438%
       2CBIO       5.50000%  3,906,328.92       3,710,858.41              0.00        0.00  93.25407339%
       3CBIO       5.50000%  1,439,618.14       1,430,447.67              0.00        0.00  97.52431686%
       1CBPO       0.00000%          0.00               0.00        662,349.01  661,584.11  98.65407763%
       2CBPO       0.00000%          0.00               0.00         30,955.12   30,757.47  98.57215652%
       3CBPO       0.00000%          0.00               0.00         42,168.43   41,392.53  97.16328255%
                                                        [Enlarge/Download Table]


                                         CERTIFICATEHOLDER ACCOUNT STATEMENT              

                                                 CERTIFICATE ACCOUNT                      

                                                                                          
Beginning Balance                                                                     0.00

Deposits                                                                                  
     Payments of Interest and Principal                                       6,472,161.81
     Liquidations, Insurance Proceeds, Reserve Funds                                  0.00
     Proceeds from Repurchased Loans                                                  0.00
     Other Amounts (Servicer Advances)                                                0.00
     Realized Loss (Gains, Subsequent Expenses & Recoveries)                          0.00
     Prepayment Penalties                                                             0.00

Total Deposits                                                                6,472,161.81

Withdrawals                                                                               
     Reimbursement for Servicer Advances                                            240.94
     Payment of Service Fee                                                      79,621.74
     Payment of Interest and Principal                                        6,392,299.13

Total Withdrawals (Pool Distribution Amount)                                  6,472,161.81

Ending Balance                                                                        0.00
                                                        [Enlarge/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]


                                                   SERVICING FEES           
                                                                            

Gross Servicing Fee                                                77,604.04
Wells Fargo Bank, N.A.                                              2,017.70
Supported Prepayment/Curtailment Interest Shortfall                     0.00

Net Servicing Fee                                                  79,621.74


                                                        [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                    0                      0                       0                  0                
                             0.00                   0.00                    0.00               0.00             

30 Days   18                 0                      0                       0                  18               
          2,945,510.20       0.00                   0.00                    0.00               2,945,510.20     

60 Days   0                  0                      0                       0                  0                
          0.00               0.00                   0.00                    0.00               0.00             

90 Days   0                  0                      0                       0                  0                
          0.00               0.00                   0.00                    0.00               0.00             

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

150 Days  0                  0                      0                       0                  0                
          0.00               0.00                   0.00                    0.00               0.00             

180+ Days 0                  0                      0                       0                  0                
          0.00               0.00                   0.00                    0.00               0.00             

Totals    18                 0                      0                       0                  18               
          2,945,510.20       0.00                   0.00                    0.00               2,945,510.20     

          No of Loans        No of Loans            No of Loans             No of Loans        No of Loans      
          Principal Balance  Principal Balance      Principal Balance       Principal Balance  Principal Balance
0-29 Days                    0.000000%              0.000000%               0.000000%          0.000000%        
                             0.000000%              0.000000%               0.000000%          0.000000%        

30 Days   0.721443%          0.000000%              0.000000%               0.000000%          0.721443%        
          0.799944%          0.000000%              0.000000%               0.000000%          0.799944%        

60 Days   0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        
          0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        

90 Days   0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        
          0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        

120 Days  0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        
          0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        

150 Days  0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        
          0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        

180+ Days 0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        
          0.000000%          0.000000%              0.000000%               0.000000%          0.000000%        

Totals    0.721443%          0.000000%              0.000000%               0.000000%          0.721443%        
          0.799944%          0.000000%              0.000000%               0.000000%          0.799944%        


                                                         [Enlarge/Download Table]
                                                                                                           

                                  Delinquency Status By Groups                                             

                                                                                                           
           DELINQUENT         BANKRUPTCY            FORECLOSURE        REO                Total            
                                                                                                           
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                     0                     0                  0                  0                
                              0.00                  0.00               0.00               0.00             

30 Days    5                  0                     0                  0                  5                
           776,420.77         0.00                  0.00               0.00               776,420.77       

60 Days    0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

90 Days    0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

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

150 Days   0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

180+ Days  0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

Totals     5                  0                     0                  0                  5                
           776,420.77         0.00                  0.00               0.00               776,420.77       

0-29 Days                     0.000000%             0.000000%          0.000000%          0.000000%        
                              0.000000%             0.000000%          0.000000%          0.000000%        

30 Days    0.416320%          0.000000%             0.000000%          0.000000%          0.416320%        
           0.405480%          0.000000%             0.000000%          0.000000%          0.405480%        

60 Days    0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

90 Days    0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

120 Days   0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

150 Days   0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

180+ Days  0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

Totals     0.416320%          0.000000%             0.000000%          0.000000%          0.416320%        
           0.405480%          0.000000%             0.000000%          0.000000%          0.405480%        

                                                                                                           
           DELINQUENT         BANKRUPTCY            FORECLOSURE        REO                Total            
                                                                                                           
2          No of Loans        No of Loans           No of Loans        No of Loans        No of Loans      
           Principal Balance  Principal Balance     Principal Balance  Principal Balance  Principal Balance

0-29 Days                     0                     0                  0                  0                
                              0.00                  0.00               0.00               0.00             

30 Days    9                  0                     0                  0                  9                
           1,521,845.48       0.00                  0.00               0.00               1,521,845.48     

60 Days    0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

90 Days    0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

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

150 Days   0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

180+ Days  0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

Totals     9                  0                     0                  0                  9                
           1,521,845.48       0.00                  0.00               0.00               1,521,845.48     

0-29 Days                     0.000000%             0.000000%          0.000000%          0.000000%        
                              0.000000%             0.000000%          0.000000%          0.000000%        

30 Days    1.079137%          0.000000%             0.000000%          0.000000%          1.079137%        
           1.453990%          0.000000%             0.000000%          0.000000%          1.453990%        

60 Days    0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

90 Days    0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

120 Days   0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

150 Days   0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

180+ Days  0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

Totals     1.079137%          0.000000%             0.000000%          0.000000%          1.079137%        
           1.453990%          0.000000%             0.000000%          0.000000%          1.453990%        

                                                                                                           
           DELINQUENT         BANKRUPTCY            FORECLOSURE        REO                Total            
                                                                                                           
3          No of Loans        No of Loans           No of Loans        No of Loans        No of Loans      
           Principal Balance  Principal Balance     Principal Balance  Principal Balance  Principal Balance

0-29 Days                     0                     0                  0                  0                
                              0.00                  0.00               0.00               0.00             

30 Days    4                  0                     0                  0                  4                
           647,243.95         0.00                  0.00               0.00               647,243.95       

60 Days    0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

90 Days    0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

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

150 Days   0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

180+ Days  0                  0                     0                  0                  0                
           0.00               0.00                  0.00               0.00               0.00             

Totals     4                  0                     0                  0                  4                
           647,243.95         0.00                  0.00               0.00               647,243.95       

0-29 Days                     0.000000%             0.000000%          0.000000%          0.000000%        
                              0.000000%             0.000000%          0.000000%          0.000000%        

30 Days    0.869565%          0.000000%             0.000000%          0.000000%          0.869565%        
           0.898132%          0.000000%             0.000000%          0.000000%          0.898132%        

60 Days    0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

90 Days    0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

120 Days   0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

150 Days   0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

180+ Days  0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        
           0.000000%          0.000000%             0.000000%          0.000000%          0.000000%        

Totals     0.869565%          0.000000%             0.000000%          0.000000%          0.869565%        
           0.898132%          0.000000%             0.000000%          0.000000%          0.898132%        

                                                                               
                                                                [Download Table]



                                              OTHER INFORMATION      

                                                                     

Current Period Class A Insufficient Funds                        0.00
Principal Balance of Contaminated Properties                     0.00

Periodic Advance                                                 0.00


                                                         [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                               0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current REO Total                                                 Feb-05            0.000%                                   
    Loans in REO                               0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                                                                             
1                                                                   12 Month REO History*                                    
New REO Loans                                                     Month        REO Percentage                                
                                                                                                                             
    Loans in REO                               0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current REO Total                                                 Feb-05            0.000%                                   
    Loans in REO                               0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                                                                             
2                                                                   12 Month REO History*                                    
New REO Loans                                                     Month        REO Percentage                                
                                                                                                                             
    Loans in REO                               0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current REO Total                                                 Feb-05            0.000%                                   
    Loans in REO                               0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                                                                             
3                                                                   12 Month REO History*                                    
New REO Loans                                                     Month        REO Percentage                                
                                                                                                                             
    Loans in REO                               0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current REO Total                                                 Feb-05            0.000%                                   
    Loans in REO                               0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                              
                                                        [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
                                                                                                                  

No REO loans this period.                                                                                         

                                                        [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
                                                                                                                       

No REO loans this period.                                                                                              


                                                         [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                       0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current Foreclosure Total                                         Feb-05            0.000%                                   
    Loans in Foreclosure                       0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                                                                             
1                                                                 12 Month Foreclosure History*                              
New Foreclosure Loans                                             Month     Foreclosure Percentage                           
                                                                                                                             
    Loans in Foreclosure                       0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current Foreclosure Total                                         Feb-05            0.000%                                   
    Loans in Foreclosure                       0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                                                                             
2                                                                 12 Month Foreclosure History*                              
New Foreclosure Loans                                             Month     Foreclosure Percentage                           
                                                                                                                             
    Loans in Foreclosure                       0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current Foreclosure Total                                         Feb-05            0.000%                                   
    Loans in Foreclosure                       0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                                                                             
3                                                                 12 Month Foreclosure History*                              
New Foreclosure Loans                                             Month     Foreclosure Percentage                           
                                                                                                                             
    Loans in Foreclosure                       0                  Oct-04            0.000%                                   
    Original Principal Balance              0.00                  Nov-04            0.000%                                   
    Current Principal Balance               0.00                  Dec-04            0.000%                                   
                                                                  Jan-05            0.000%                                   
Current Foreclosure Total                                         Feb-05            0.000%                                   
    Loans in Foreclosure                       0                  Mar-05            0.000%                                   
    Original Principal Balance              0.00                  Apr-05            0.000%                                   
    Current Principal Balance               0.00                  May-05            0.000%                                   
                                                                  Jun-05            0.000%                                   
                                                                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   

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

                                                                              

                                                        [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
                                                                                                                       

No Foreclosure loans this period.                                                                                      


                                                        [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
                                                                                                                           

No Foreclosure loans this period.                                                                                          


                                                                 [Download Table]
                                                                        
                                                                        

                                    COLLATERAL STATEMENT                
                                                                        
Collateral Description                                       Mixed Fixed
Weighted Average Gross Coupon                                  6.166272%
Weighted Average Pass-Through Rate                             5.909772%
Weighted Average Maturity(Stepdown Calculation)                      283

Beginning Scheduled Collateral Loan Count                          2,517
Number Of Loans Paid In Full                                          22
Ending Scheduled Collateral Loan Count                             2,495

Beginning Scheduled Collateral Balance                    372,499,394.00
Ending Scheduled Collateral Balance                       367,941,583.41
Ending Actual Collateral Balance at 31-Aug-2005           368,214,532.34

Monthly P&I Constant                                        2,279,371.84
Special Servicing Fee                                               0.00
Prepayment Penalties                                                0.00
Realized Loss Amount                                                0.00
Cumulative Realized Loss                                            0.00
Class A Non-PO Optimal Amount                               6,304,609.71
Class AP Deferred Amount                                            0.00

Scheduled Principal                                           365,261.47
Unscheduled Principal                                       4,192,549.12

                                                                               
                                                                   [Download Table]
                                                                          
                                                                          

                          Miscellaneous Reporting                         
                                                                          
Senior %                                                        96.071390%

                                                                                                                                     [Enlarge/Download Table]

                      Group Level Collateral Statement                                                
                                                                                                      
Group                                                        1                   2                   3
Collateral Description                      Fixed 15 & 30 Year  Fixed 15 & 30 Year  Fixed 15 & 30 Year
Weighted Average Coupon Rate                          5.930954            6.455040            6.361487
Weighted Average Net Rate                             5.680954            6.205040            6.111488
Weighted Average Maturity                                  354                 177                 319
Beginning Loan Count                                     1,203                 849                 465
Loans Paid In Full                                           2                  15                   5
Ending Loan Count                                        1,201                 834                 460
Beginning Scheduled Balance                     192,212,534.87      107,279,007.14       73,007,851.99
Ending Scheduled Balance                        191,336,797.27      104,586,644.47       72,018,141.67
Record Date                                         08/31/2005          08/31/2005          08/31/2005
Principal And Interest Constant                   1,147,134.53          676,247.51          455,989.80
Scheduled Principal                                 197,131.51           99,172.24           68,957.72
Unscheduled Principal                               678,606.09        2,593,190.43          920,752.60
Scheduled Interest                                  950,003.02          577,075.27          387,032.08
Servicing Fees                                       40,044.28           22,349.79           15,209.97
Master Servicing Fees                                     0.00                0.00                0.00
Trustee Fee                                           1,041.15              581.09              395.46
FRY Amount                                                0.00                0.00                0.00
Special Hazard Fee                                        0.00                0.00                0.00
Other Fee                                                 0.00                0.00                0.00
Pool Insurance Fee                                        0.00                0.00                0.00
Spread 1                                                  0.00                0.00                0.00
Spread 2                                                  0.00                0.00                0.00
Spread 3                                                  0.00                0.00                0.00
Net Interest                                        908,917.59          554,144.39          371,426.65
Realized Loss Amount                                      0.00                0.00                0.00
Cumulative Realized Loss                                  0.00                0.00                0.00
Percentage of Cumulative Losses                         0.0000              0.0000              0.0000
Prepayment Penalties                                      0.00                0.00                0.00
Special Servicing Fee                                     0.00                0.00                0.00
Pass-Through Rate                                     5.674454            6.198541            6.104988
                                                                [Download Table]

                      Group Level Collateral Statement        
                                                              
Group                                                    Total
Collateral Description                             Mixed Fixed
Weighted Average Coupon Rate                          6.166272
Weighted Average Net Rate                             5.916272
Weighted Average Maturity                                  283
Beginning Loan Count                                     2,517
Loans Paid In Full                                          22
Ending Loan Count                                        2,495
Beginning Scheduled Balance                     372,499,394.00
Ending scheduled Balance                        367,941,583.41
Record Date                                         08/31/2005
Principal And Interest Constant                   2,279,371.84
Scheduled Principal                                 365,261.47
Unscheduled Principal                             4,192,549.12
Scheduled Interest                                1,914,110.37
Servicing Fees                                       77,604.04
Master Servicing Fees                                     0.00
Trustee Fee                                           2,017.70
FRY Amount                                                0.00
Special Hazard Fee                                        0.00
Other Fee                                                 0.00
Pool Insurance Fee                                        0.00
Spread 1                                                  0.00
Spread 2                                                  0.00
Spread 3                                                  0.00
Net Interest                                      1,834,488.63
Realized Loss Amount                                      0.00
Cumulative Realized Loss                                  0.00
Percentage of Cumulative Losses                         0.0000
Prepayment Penalties                                      0.00
Special Servicing Fee                                     0.00
Pass-Through Rate                                     5.909772

                                                                  [Download Table]
                                                                     
                                                                     
                                 Miscellaneous Reporting             

                                                                     
Group 1                                                              
         CPR                                                4.159477%
         Subordinate %                                      3.921052%
         Subordinate Prepayment %                           0.000000%
         Senior Prepayment %                              100.000000%
         Senior %                                          96.078948%
Group 2                                                              
         CPR                                               25.465430%
         Subordinate %                                      3.930515%
         Subordinate Prepayment %                           0.000000%
         Senior Prepayment %                              100.000000%
         Senior %                                          96.069485%
Group 3                                                              
         CPR                                               14.139616%
         Subordinate %                                      3.945649%
         Subordinate Prepayment %                           0.000000%
         Senior Prepayment %                              100.000000%
         Senior %                                          96.054351%

                                                                                                                                      [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
                                                                                               
1            2        525,610.00         524,560.86          0               0.00          0.00
2           15      2,592,160.00       2,588,605.49          0               0.00          0.00
3            5        877,800.00         876,329.00          0               0.00          0.00
Total       22      3,995,570.00       3,989,495.35          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
                                                                                                        
1            0            0.00             0.00         0             0.00            0.00    154,573.74
2            0            0.00             0.00         0             0.00            0.00    256,068.26
3            0            0.00             0.00         0             0.00            0.00     45,256.28
Total        0            0.00             0.00         0             0.00            0.00    455,898.28


                                                        [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
                                                                                                
1      6695361136             WI              90.00       01-Jul-2005     165,960.00  165,461.85
1      6772988744             VA              68.50       01-Jul-2005     359,650.00  358,570.50
2      3301993980             GA              72.37       01-Jul-2005      82,400.00   82,185.95
2      3302018902             CA              53.25       01-Jul-2005     140,000.00  139,608.92
2      3302174853             AR              80.00       01-Jul-2005      86,000.00   85,765.49
2      3302277516             VA              90.00       01-Aug-2005     346,500.00   96,681.59
2      6111169451             VA              65.56       01-Jul-2005     297,000.00  296,247.15
2      6170247834             FL              90.00       01-Jul-2005     143,910.00  143,517.59
2      6288528638             NM              90.00       01-Jul-2005     184,500.00  183,984.60
2      6367002000             FL              80.00       01-Jul-2005      52,000.00   51,864.90
2      6424481437             FL              80.00       01-Jul-2005     179,863.00  179,395.80
2      6432109921             DE              90.00       01-Aug-2005     157,500.00  157,207.46
2      6507409487             MO              37.47       01-Jul-2005      19,672.00   19,617.04
2      6595426526             DC              90.00       01-Jul-2005     298,710.00  298,023.90
2      6644931427             NC              80.00       01-Aug-2005     300,000.00  299,481.95
2      6675854506             FL              89.99       01-Aug-2005     154,105.00  153,811.78
2      6747005210             TX              80.00       01-Aug-2005     150,000.00  149,728.05
3      6104379836             IN              80.00       01-Jul-2005     191,200.00  190,652.88
3      6318125116             NJ              80.00       01-Jul-2005     448,000.00  446,718.08
3      6745664752             GA              80.00       01-Aug-2005     123,600.00  123,370.43
3      6841395780             TX             100.00       01-Aug-2005      75,000.00   74,864.01
3      6852382560             TX              80.00       01-Jul-2005      40,000.00   39,890.92


                                                        [Enlarge/Download Table]


        Prepayment Loan Detail - Prepayments during Current Period (continued)                     

                                                                  Current                          
             Loan                     PIF        Months              Loan       Original           
Group      Number                    Type    Delinquent              Rate           Term  Seasoning
                                                                                                   
1      6695361136       Loan Paid in Full           0              6.000%            360          2
1      6772988744       Loan Paid in Full           0              6.000%            360          2
2      3301993980       Loan Paid in Full           0              6.750%            360          2
2      3302018902       Loan Paid in Full           0              6.375%            360          2
2      3302174853       Loan Paid in Full          (1)             6.500%            360          2
2      3302277516       Loan Paid in Full           0              6.500%            360          1
2      6111169451       Loan Paid in Full           0              6.875%            360          2
2      6170247834       Loan Paid in Full           0              6.500%            360          2
2      6288528638       Loan Paid in Full           0              6.375%            360          2
2      6367002000       Loan Paid in Full          (1)             6.750%            360          2
2      6424481437       Loan Paid in Full           0              6.750%            360          2
2      6432109921       Loan Paid in Full           0              6.375%            360          1
2      6507409487       Loan Paid in Full          (1)             6.375%            360          2
2      6595426526       Loan Paid in Full           0              7.375%            360          2
2      6644931427       Loan Paid in Full           0              6.750%            360          1
2      6675854506       Loan Paid in Full           0              6.250%            360          1
2      6747005210       Loan Paid in Full           0              6.500%            360          1
3      6104379836       Loan Paid in Full           0              6.250%            360          2
3      6318125116       Loan Paid in Full           0              6.250%            360          2
3      6745664752       Loan Paid in Full           0              6.375%            360          1
3      6841395780       Loan Paid in Full          (2)             6.500%            360          1
3      6852382560       Loan Paid in Full           0              6.500%            360          2


                                                        [Enlarge/Download Table]

                                            Prepayment - Voluntary Prepayments                                             


Summary                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              1.127%       Current Month             12.712%        Current Month               4,063.940% 
   3 Month Average            0.000%       3 Month Average            0.000%        3 Month Average                 0.000% 
   12 Month Average           0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



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

         Oct-2004          N/A           N/A                          Oct-2004          N/A           N/A                  
         Nov-2004          N/A           N/A                          Nov-2004          N/A           N/A                  
         Dec-2004          N/A           N/A                          Dec-2004          N/A           N/A                  
         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005          N/A           N/A                          Jun-2005          N/A           N/A                  
         Jul-2005          N/A           N/A                          Jul-2005          N/A           N/A                  
         Aug-2005       6.120%           N/A                          Aug-2005   5,412.666%           N/A                  
         Sep-2005      12.712%           N/A                          Sep-2005   4,063.940%           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.                                            


1                                                                                                                          
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              0.353%       Current Month              4.159%        Current Month               1,368.254% 
   3 Month Average            0.000%       3 Month Average            0.000%        3 Month Average                 0.000% 
   12 Month Average           0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



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

         Oct-2004          N/A           N/A                          Oct-2004          N/A           N/A                  
         Nov-2004          N/A           N/A                          Nov-2004          N/A           N/A                  
         Dec-2004          N/A           N/A                          Dec-2004          N/A           N/A                  
         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005          N/A           N/A                          Jun-2005          N/A           N/A                  
         Jul-2005          N/A           N/A                          Jul-2005          N/A           N/A                  
         Aug-2005       2.216%           N/A                          Aug-2005   2,123.953%           N/A                  
         Sep-2005       4.159%           N/A                          Sep-2005   1,368.254%           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.                                            


2                                                                                                                          
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              2.419%       Current Month             25.465%        Current Month               8,065.010% 
   3 Month Average            0.000%       3 Month Average            0.000%        3 Month Average                 0.000% 
   12 Month Average           0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



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

         Oct-2004          N/A           N/A                          Oct-2004          N/A           N/A                  
         Nov-2004          N/A           N/A                          Nov-2004          N/A           N/A                  
         Dec-2004          N/A           N/A                          Dec-2004          N/A           N/A                  
         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005          N/A           N/A                          Jun-2005          N/A           N/A                  
         Jul-2005          N/A           N/A                          Jul-2005          N/A           N/A                  
         Aug-2005       8.612%           N/A                          Aug-2005   7,441.936%           N/A                  
         Sep-2005      25.465%           N/A                          Sep-2005   8,065.010%           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.                                            


3                                                                                                                          
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              1.262%       Current Month             14.140%        Current Month               4,259.570% 
   3 Month Average            0.000%       3 Month Average            0.000%        3 Month Average                 0.000% 
   12 Month Average           0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



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

         Oct-2004          N/A           N/A                          Oct-2004          N/A           N/A                  
         Nov-2004          N/A           N/A                          Nov-2004          N/A           N/A                  
         Dec-2004          N/A           N/A                          Dec-2004          N/A           N/A                  
         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005          N/A           N/A                          Jun-2005          N/A           N/A                  
         Jul-2005          N/A           N/A                          Jul-2005          N/A           N/A                  
         Aug-2005      12.232%           N/A                          Aug-2005   9,255.175%           N/A                  
         Sep-2005      14.140%           N/A                          Sep-2005   4,259.570%           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>                                                                                                                      

                                                        [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
                                                                                          
1                                  0               0.00              0.00           0.000%
2                                  0               0.00              0.00           0.000%
3                                  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.        
                                                                                                                          

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

                                                                                                                          

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

                                                                                                                          

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

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

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.        
                                                                                                                          

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

                                                                                                                          

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

                                                                                                                          

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

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

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.        
                                                                                                                          

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

                                                                                                                          

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

                                                                                                                          

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

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

3                                                                                                                         

                                                                                                                          

    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.        
                                                                                                                          

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

                                                                                                                          

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

                                                                                                                          

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

         Oct-2004             N/A             N/A                     Oct-2004              N/A               N/A         
         Nov-2004             N/A             N/A                     Nov-2004              N/A               N/A         
         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-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       monthly bond remittance report can be viewed online at       
www.ctslink.com.                                             www.ctslink.com.                                             

<FN>                                                                                                                      

</FN>                                                                                                                     
<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>

Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
Filed on:10/3/05None on these Dates
For Period End:9/26/05
 List all Filings 
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