SEC Info - Option One Mortgage Loan Trust 2005-1

SEC Info℠

Home

Help

Please Sign In

Option One Mortgage Loan Trust 2005-1 – ‘8-K’ for 10/25/05

On: Tuesday, 11/1/05, at 12:59pm ET · For: 10/25/05 · Accession #: 1056404-5-3679 · File #: 333-104020-04

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

11/01/05  Option One Mtge Loan Trust 2005-1 8-K:8,9    10/25/05    1:80K                                    Norwest Asset SEC Co… Tr

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                        38±   189K

Document Table of Contents

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


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

  FORM 8-K

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

 Date of Report (Date of earliest event reported):  October 25, 2005

  OPTION ONE MORTGAGE LOAN TRUST
  Asset Backed Certificates, Series 2005-1 Trust
  (Exact name of registrant as specified in its charter)

New York (governing law of            333-104020-04       54-2168025            
Pooling and Servicing Agreement)      (Commission         54-2168026            
(State or other                       File Number)        54-2168027            
jurisdiction                                              54-2168028            
of Incorporation)                                         54-2168029            
                                           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 October 25, 2005 a distribution was made to holders of OPTION ONE MORTGAGE 
LOAN TRUST, Asset Backed Certificates, Series 2005-1 Trust.                   

ITEM 9.01  Financial Statements and Exhibits                                    

(c)  Exhibits                                                       

Exhibit Number               Description                  

           EX-99.1                      Monthly report distributed to holders of
                                        Asset Backed Certificates, Series 2005-1
                                       Trust, relating to the October 25, 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.                                           

  OPTION ONE MORTGAGE LOAN TRUST
  Asset Backed Certificates, Series 2005-1 Trust
  (Registrant)

By:    Wells Fargo Bank, N.A. as Trustee            
By:   /s/   Beth Belfield as Officer                
By:    Beth Belfield as Officer                     
Date:  10/25/2005                                   

 INDEX TO EXHIBITS

Exhibit Number            Description                                           

EX-99.1                   Monthly report distributed to holders of Asset Backed 
                      Certificates, Series 2005-1 Trust, relating to the
  October 25, 2005 distribution.

EX-99.1                                   

                                                        [Enlarge/Download Table]

Option One Mortgage Loan Trust                                                                       
Asset Backed Certificates                                                                            

Record Date:             9/30/2005                                                                   
Distribution Date:       10/25/2005                                                                  

Option One Mortgage Loan Trust                                                                       
Asset Backed Certificates                                                                            
Series 2005-1                                                                                        

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

                                                                                                     
A-1A                  68389FGE8               SEN           4.08000%     156,372,957.34    513,945.79
A-1B                  68389FGF5               SEN           4.16000%      39,093,239.34    131,005.79
A-2                   68389FGG3               SEN           3.96000%      75,495,165.48    240,829.58
A-3                   68389FGH1               SEN           4.07000%     433,281,000.00  1,420,559.90
A-4                   68389FGJ7               SEN           4.23000%      94,805,000.00    323,048.04
M-1                   68389FGK4               MEZ           4.35000%      52,800,000.00    185,020.00
M-2                   68389FGL2               MEZ           4.37000%      22,200,000.00     78,150.17
M-3                   69389FGM0               MEZ           4.43000%      13,800,000.00     49,246.83
M-4                   68389FGN8               MEZ           4.83000%      13,800,000.00     53,693.50
M-5                   68389FGP3               MEZ           5.08000%      21,600,000.00     88,392.00
M-6                   68389FGQ1               MEZ           5.48000%      10,800,000.00     47,676.00
M-7                   68389FGR9               MEZ           6.58000%       8,400,000.00     44,524.67
M-8                   68389FGS7               MEZ           7.08000%       4,200,000.00     23,954.00
M-9                   68389FGT5               MEZ           6.83000%       5,400,000.00     29,710.50
C                     OPT05001C                OC           0.00000%       6,000,000.00  1,664,882.49
P                     OPT05001P           Pre Pay           0.00000%             100.00    590,626.44
RX                    OPT0501R1               RES           0.00000%               0.00          0.00
R                     OPT0501R2               RES           0.00000%               0.00          0.00

Totals                                                                   958,047,462.16  5,485,265.70
                                                        [Enlarge/Download Table]


                             Certificateholder Distribution Summary (continued)                           

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

                                                                                                          
A-1A                8,799,136.72               0.00     147,573,820.62       9,313,082.51             0.00
A-1B                2,199,784.18               0.00      36,893,455.16       2,330,789.97             0.00
A-2                25,950,771.03               0.00      49,544,394.45      26,191,600.61             0.00
A-3                         0.00               0.00     433,281,000.00       1,420,559.90             0.00
A-4                         0.00               0.00      94,805,000.00         323,048.04             0.00
M-1                         0.00               0.00      52,800,000.00         185,020.00             0.00
M-2                         0.00               0.00      22,200,000.00          78,150.17             0.00
M-3                         0.00               0.00      13,800,000.00          49,246.83             0.00
M-4                         0.00               0.00      13,800,000.00          53,693.50             0.00
M-5                         0.00               0.00      21,600,000.00          88,392.00             0.00
M-6                         0.00               0.00      10,800,000.00          47,676.00             0.00
M-7                         0.00               0.00       8,400,000.00          44,524.67             0.00
M-8                         0.00               0.00       4,200,000.00          23,954.00             0.00
M-9                         0.00               0.00       5,400,000.00          29,710.50             0.00
C                           0.00               0.00       6,000,000.00       1,664,882.49             0.00
P                           0.00               0.00             100.00         590,626.44             0.00
RX                          0.00               0.00               0.00               0.00             0.00
R                           0.00               0.00               0.00               0.00             0.00

Totals             36,949,691.93               0.00     921,097,770.23      42,434,957.63             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)

                                                                                                                    
A-1A            200,000,000.00     156,372,957.34               0.00       8,799,136.72              0.00       0.00
A-1B             50,000,000.00      39,093,239.34               0.00       2,199,784.18              0.00       0.00
A-2             262,914,000.00      75,495,165.48               0.00      25,950,771.03              0.00       0.00
A-3             433,281,000.00     433,281,000.00               0.00               0.00              0.00       0.00
A-4              94,805,000.00      94,805,000.00               0.00               0.00              0.00       0.00
M-1              52,800,000.00      52,800,000.00               0.00               0.00              0.00       0.00
M-2              22,200,000.00      22,200,000.00               0.00               0.00              0.00       0.00
M-3              13,800,000.00      13,800,000.00               0.00               0.00              0.00       0.00
M-4              13,800,000.00      13,800,000.00               0.00               0.00              0.00       0.00
M-5              21,600,000.00      21,600,000.00               0.00               0.00              0.00       0.00
M-6              10,800,000.00      10,800,000.00               0.00               0.00              0.00       0.00
M-7               8,400,000.00       8,400,000.00               0.00               0.00              0.00       0.00
M-8               4,200,000.00       4,200,000.00               0.00               0.00              0.00       0.00
M-9               5,400,000.00       5,400,000.00               0.00               0.00              0.00       0.00
C                 5,999,900.00       6,000,000.00               0.00               0.00              0.00       0.00
P                       100.00             100.00               0.00               0.00              0.00       0.00
RX                        0.00               0.00               0.00               0.00              0.00       0.00
R                         0.00               0.00               0.00               0.00              0.00       0.00

Totals        1,200,000,000.00     958,047,462.16               0.00      36,949,691.93              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

                                                                          
A-1A     8,799,136.72     147,573,820.62         0.73786910   8,799,136.72
A-1B     2,199,784.18      36,893,455.16         0.73786910   2,199,784.18
A-2     25,950,771.03      49,544,394.45         0.18844335  25,950,771.03
A-3              0.00     433,281,000.00         1.00000000           0.00
A-4              0.00      94,805,000.00         1.00000000           0.00
M-1              0.00      52,800,000.00         1.00000000           0.00
M-2              0.00      22,200,000.00         1.00000000           0.00
M-3              0.00      13,800,000.00         1.00000000           0.00
M-4              0.00      13,800,000.00         1.00000000           0.00
M-5              0.00      21,600,000.00         1.00000000           0.00
M-6              0.00      10,800,000.00         1.00000000           0.00
M-7              0.00       8,400,000.00         1.00000000           0.00
M-8              0.00       4,200,000.00         1.00000000           0.00
M-9              0.00       5,400,000.00         1.00000000           0.00
C                0.00       6,000,000.00         1.00001667           0.00
P                0.00             100.00         1.00000000           0.00
RX               0.00               0.00         0.00000000           0.00
R                0.00               0.00         0.00000000           0.00

Totals  36,949,691.93     921,097,770.23         0.76758148  36,949,691.93

                                                                                                                                       [Enlarge/Download Table]


                                         Principal Distribution Factors Statement                          

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

                                                                                                           
A-1A             200,000,000.00          781.86478670            0.00000000         43.99568360  0.00000000
A-1B              50,000,000.00          781.86478680            0.00000000         43.99568360  0.00000000
A-2              262,914,000.00          287.14775737            0.00000000         98.70440916  0.00000000
A-3              433,281,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
A-4               94,805,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-1               52,800,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-2               22,200,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-3               13,800,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-4               13,800,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-5               21,600,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-6               10,800,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-7                8,400,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-8                4,200,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-9                5,400,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
C                  5,999,900.00         1000.01666694            0.00000000          0.00000000  0.00000000
P                        100.00         1000.00000000            0.00000000          0.00000000  0.00000000
RX                         0.00            0.00000000            0.00000000          0.00000000  0.00000000
R                          0.00            0.00000000            0.00000000          0.00000000  0.00000000
<FN>                                                                                                       
(2) All Classes are per $1,000 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

                                                                                                                       
A-1A                    0.00000000            43.99568360          737.86910310             0.73786910      43.99568360
A-1B                    0.00000000            43.99568360          737.86910320             0.73786910      43.99568360
A-2                     0.00000000            98.70440916          188.44334821             0.18844335      98.70440916
A-3                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
A-4                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-1                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-2                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-3                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-4                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-5                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-6                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-7                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-8                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
M-9                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
C                       0.00000000             0.00000000        1,000.01666694             1.00001667       0.00000000
P                       0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
RX                      0.00000000             0.00000000            0.00000000             0.00000000       0.00000000
R                       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

                                                                                                    

A-1A      200,000,000.00      4.08000%     156,372,957.34         513,945.79         0.00       0.00
A-1B       50,000,000.00      4.16000%      39,093,239.34         131,005.79         0.00       0.00
A-2       262,914,000.00      3.96000%      75,495,165.48         240,829.58         0.00       0.00
A-3       433,281,000.00      4.07000%     433,281,000.00       1,420,559.90         0.00       0.00
A-4        94,805,000.00      4.23000%      94,805,000.00         323,048.04         0.00       0.00
M-1        52,800,000.00      4.35000%      52,800,000.00         185,020.00         0.00       0.00
M-2        22,200,000.00      4.37000%      22,200,000.00          78,150.17         0.00       0.00
M-3        13,800,000.00      4.43000%      13,800,000.00          49,246.83         0.00       0.00
M-4        13,800,000.00      4.83000%      13,800,000.00          53,693.50         0.00       0.00
M-5        21,600,000.00      5.08000%      21,600,000.00          88,392.00         0.00       0.00
M-6        10,800,000.00      5.48000%      10,800,000.00          47,676.00         0.00       0.00
M-7         8,400,000.00      6.58000%       8,400,000.00          44,524.67         0.00       0.00
M-8         4,200,000.00      7.08000%       4,200,000.00          23,954.00         0.00       0.00
M-9         5,400,000.00      6.83000%       5,400,000.00          29,710.50         0.00       0.00
C           5,999,900.00      0.00000%       6,000,000.00               0.00         0.00       0.00
P                 100.00      0.00000%             100.00               0.00         0.00       0.00
RX                  0.00      0.00000%               0.00               0.00         0.00       0.00
R                   0.00      0.00000%               0.00               0.00         0.00       0.00

Totals  1,200,000,000.00                                        3,229,756.77         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

                                                                                                             
A-1A                          0.00               0.00         513,945.79              0.00     147,573,820.62
A-1B                          0.00               0.00         131,005.79              0.00      36,893,455.16
A-2                           0.00               0.00         240,829.58              0.00      49,544,394.45
A-3                           0.00               0.00       1,420,559.90              0.00     433,281,000.00
A-4                           0.00               0.00         323,048.04              0.00      94,805,000.00
M-1                           0.00               0.00         185,020.00              0.00      52,800,000.00
M-2                           0.00               0.00          78,150.17              0.00      22,200,000.00
M-3                           0.00               0.00          49,246.83              0.00      13,800,000.00
M-4                           0.00               0.00          53,693.50              0.00      13,800,000.00
M-5                           0.00               0.00          88,392.00              0.00      21,600,000.00
M-6                           0.00               0.00          47,676.00              0.00      10,800,000.00
M-7                           0.00               0.00          44,524.67              0.00       8,400,000.00
M-8                           0.00               0.00          23,954.00              0.00       4,200,000.00
M-9                           0.00               0.00          29,710.50              0.00       5,400,000.00
C                             0.00               0.00       1,664,882.49              0.00       6,000,000.00
P                             0.00               0.00         590,626.44              0.00             100.00
RX                            0.00               0.00               0.00              0.00               0.00
R                             0.00               0.00               0.00              0.00               0.00

Totals                        0.00               0.00       5,485,265.70              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

                                                                                                              
A-1A          200,000,000.00       4.08000%        781.86478670            2.56972895   0.00000000  0.00000000
A-1B           50,000,000.00       4.16000%        781.86478680            2.62011580   0.00000000  0.00000000
A-2           262,914,000.00       3.96000%        287.14775737            0.91600135   0.00000000  0.00000000
A-3           433,281,000.00       4.07000%       1000.00000000            3.27861111   0.00000000  0.00000000
A-4            94,805,000.00       4.23000%       1000.00000000            3.40750003   0.00000000  0.00000000
M-1            52,800,000.00       4.35000%       1000.00000000            3.50416667   0.00000000  0.00000000
M-2            22,200,000.00       4.37000%       1000.00000000            3.52027793   0.00000000  0.00000000
M-3            13,800,000.00       4.43000%       1000.00000000            3.56861087   0.00000000  0.00000000
M-4            13,800,000.00       4.83000%       1000.00000000            3.89083333   0.00000000  0.00000000
M-5            21,600,000.00       5.08000%       1000.00000000            4.09222222   0.00000000  0.00000000
M-6            10,800,000.00       5.48000%       1000.00000000            4.41444444   0.00000000  0.00000000
M-7             8,400,000.00       6.58000%       1000.00000000            5.30055595   0.00000000  0.00000000
M-8             4,200,000.00       7.08000%       1000.00000000            5.70333333   0.00000000  0.00000000
M-9             5,400,000.00       6.83000%       1000.00000000            5.50194444   0.00000000  0.00000000
C               5,999,900.00       0.00000%       1000.01666694            0.00000000   0.00000000  0.00000000
P                     100.00       0.00000%       1000.00000000            0.00000000   0.00000000  0.00000000
RX                      0.00       0.00000%          0.00000000            0.00000000   0.00000000  0.00000000
R                       0.00       0.00000%          0.00000000            0.00000000   0.00000000  0.00000000

<FN>                                                                                                          

(5) All Classes are per $1,000 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

                                                                                                                    
A-1A                    0.00000000             0.00000000            2.56972895            0.00000000   737.86910310
A-1B                    0.00000000             0.00000000            2.62011580            0.00000000   737.86910320
A-2                     0.00000000             0.00000000            0.91600135            0.00000000   188.44334821
A-3                     0.00000000             0.00000000            3.27861111            0.00000000  1000.00000000
A-4                     0.00000000             0.00000000            3.40750003            0.00000000  1000.00000000
M-1                     0.00000000             0.00000000            3.50416667            0.00000000  1000.00000000
M-2                     0.00000000             0.00000000            3.52027793            0.00000000  1000.00000000
M-3                     0.00000000             0.00000000            3.56861087            0.00000000  1000.00000000
M-4                     0.00000000             0.00000000            3.89083333            0.00000000  1000.00000000
M-5                     0.00000000             0.00000000            4.09222222            0.00000000  1000.00000000
M-6                     0.00000000             0.00000000            4.41444444            0.00000000  1000.00000000
M-7                     0.00000000             0.00000000            5.30055595            0.00000000  1000.00000000
M-8                     0.00000000             0.00000000            5.70333333            0.00000000  1000.00000000
M-9                     0.00000000             0.00000000            5.50194444            0.00000000  1000.00000000
C                       0.00000000             0.00000000          277.48503975            0.00000000  1000.01666694
P                       0.00000000             0.00000000      5906264.40000000            0.00000000  1000.00000000
RX                      0.00000000             0.00000000            0.00000000            0.00000000     0.00000000
R                       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 ACCOUNT STATEMENT               

                                                 CERTIFICATE ACCOUNT                       

                                                                                           
Beginning Balance                                                                      0.00

Deposits                                                                                   
     Payments of Interest and Principal                                       42,643,489.21
     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                                                        590,626.44

Total Deposits                                                                43,234,115.65

Withdrawals                                                                                
     Reimbursement for Servicer Advances                                               0.00
     Payment of Service Fee                                                      799,158.02
     Payment of Interest and Principal                                        42,434,957.63

Total Withdrawals (Pool Distribution Amount)                                  43,234,115.65

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                                                239,511.86
PMI Mortgage Company                                               557,251.04
Trustee Fee                                                          2,395.12
Supported Prepayment/Curtailment Interest Shortfall                      0.00

Net Servicing Fee                                                  799,158.02


                                                                [Download Table]



              OTHER ACCOUNTS                                 

              Beginning          Current   Current    Ending 
Account Type     Balance      Withdrawals  Deposits   Balance

                                                             
Reserve Fund    1,000.00         6,224.54  6,224.54  1,000.00

                                                        [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                         17                     1                       0                       18               
                                  2,349,182.43           54,787.74               0.00                    2,403,970.17     

30 Days   86                      2                      1                       0                       89               
          13,414,858.03           258,975.00             161,099.16              0.00                    13,834,932.19    

60 Days   36                      3                      15                      0                       54               
          5,499,385.29            252,896.18             2,041,659.88            0.00                    7,793,941.35     

90 Days   16                      4                      14                      0                       34               
          2,202,824.77            388,845.63             1,726,345.14            0.00                    4,318,015.54     

120 Days  10                      2                      6                       0                       18               
          1,641,208.06            179,710.53             1,011,266.37            0.00                    2,832,184.96     

150 Days  3                       5                      8                       4                       20               
          649,622.80              689,844.00             904,334.34              457,199.60              2,701,000.74     

180+ Days 4                       10                     28                      2                       44               
          714,701.04              1,496,785.53           4,944,190.58            413,844.99              7,569,522.14     

Totals    155                     43                     73                      6                       277              
          24,122,599.99           5,616,239.30           10,843,683.21           871,044.59              41,453,567.09    

          No of Loans             No of Loans            No of Loans             No of Loans             No of Loans      
          Principal Balance       Principal Balance      Principal Balance       Principal Balance       Principal Balance
0-29 Days                         0.314990%              0.018529%               0.000000%               0.333519%        
                                  0.254929%              0.005945%               0.000000%               0.260875%        

30 Days   1.593478%               0.037058%              0.018529%               0.000000%               1.649064%        
          1.455758%               0.028104%              0.017482%               0.000000%               1.501343%        

60 Days   0.667037%               0.055586%              0.277932%               0.000000%               1.000556%        
          0.596784%               0.027444%              0.221557%               0.000000%               0.845785%        

90 Days   0.296461%               0.074115%              0.259403%               0.000000%               0.629980%        
          0.239047%               0.042197%              0.187340%               0.000000%               0.468584%        

120 Days  0.185288%               0.037058%              0.111173%               0.000000%               0.333519%        
          0.178101%               0.019502%              0.109741%               0.000000%               0.307344%        

150 Days  0.055586%               0.092644%              0.148230%               0.074115%               0.370576%        
          0.070496%               0.074861%              0.098137%               0.049615%               0.293108%        

180+ Days 0.074115%               0.185288%              0.518807%               0.037058%               0.815268%        
          0.077558%               0.162429%              0.536535%               0.044910%               0.821432%        

Totals    2.871966%               0.796739%              1.352603%               0.111173%               5.132481%        
          2.617743%               0.609465%              1.176738%               0.094524%               4.498470%        

The data used to stratify the delinquencies for this report and the detail that follows is based on the Borrower's Due    
Date as determined at the end of the prepayment period, and the loan status type of BK, FC or REO as determined at the    
prior month end.                                                                                                          


                                                                [Download Table]



                                              OTHER INFORMATION            

                                                                           

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

Periodic Advance                                                 279,813.46


                                                        [Enlarge/Download Table]


                        SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE                   

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

                                                                                                                            

Class    M-1             106,200,000.00       8.85000000%    106,200,100.00      11.52973153%        5.732291%     0.000000%
Class    M-2              84,000,000.00       7.00000000%     84,000,100.00       9.11956393%        2.410168%     0.000000%
Class    M-3              70,200,000.00       5.85000000%     70,200,100.00       7.62135164%        1.498212%     0.000000%
Class    M-4              56,400,000.00       4.70000000%     56,400,100.00       6.12313935%        1.498212%     0.000000%
Class    R-I               6,000,000.00       0.50000000%      6,000,100.00       0.65140750%        0.000000%     0.000000%
Class    P                         0.00       0.00000000%              0.00       0.00000000%        0.000011%     0.000000%

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

                                                         [Enlarge/Download Table]
                                                                                                                            

                        REO Detail - All Mortgage Loans in REO during Current Period                                         

                                                                                                                             
Summary                                                             12 Month REO History*                                    
New REO Loans                                                     Month        REO Percentage                                
                                                                                                                             
    Loans in REO                               3                  Nov-04            0.000%                                   
    Original Principal Balance        441,280.00                  Dec-04            0.000%                                   
    Current Principal Balance         440,062.44                  Jan-05            0.000%                                   
                                                                  Feb-05            0.000%                                   
Current REO Total                                                 Mar-05            0.000%                                   
    Loans in REO                               6                  Apr-05            0.000%                                   
    Original Principal Balance        872,902.00                  May-05            0.000%                                   
    Current Principal Balance         871,044.59                  Jun-05            0.018%                                   
                                                                  Jul-05            0.019%                                   
                                                                  Aug-05            0.020%                                   
                                                                  Sep-05            0.045%                                   
                                                                  Oct-05            0.095%                                   

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

                                                                              
                                                        [Enlarge/Download Table]


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

                               Month                                                                 
                                Loan              First                                      Original
               Loan          Entered            Payment                            LTV at   Principal
Group        Number              REO               Date          State        Origination     Balance
                                                                                                     
Group 2  0771002692         Sep-2005        01-Dec-2004             TX              92.01  113,172.00
Group 3  0051054367         Oct-2005        01-Dec-2004             GA              80.00  102,880.00
Group 4  0051054490         Oct-2005        01-Jan-2005             GA              85.00  122,400.00
Group 4  0051054635         Sep-2005        01-Jan-2005             GA              90.00  119,700.00
Group 4  0081052241         Jun-2005        01-Jan-2005             VA              75.00  198,750.00
Group 4  0161036443         Oct-2005        01-Oct-2004             MA              90.00  216,000.00

                                                        [Enlarge/Download Table]


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

                                Current               Paid                         Current  Approximate
                  Loan        Principal                 To         Months             Loan   Delinquent
Group           Number          Balance               Date     Delinquent             Rate     Interest
                                                                                                       
Group 2     0771002692       112,955.95        01-Mar-2005              5           9.700%     6,184.57
Group 3     0051054367       102,630.59        01-Mar-2005              5           8.550%     4,929.82
Group 4     0051054490       122,189.36        01-Mar-2005              5           8.800%     6,047.82
Group 4     0051054635       119,423.70        01-Mar-2005              5           7.350%     4,899.68
Group 4     0081052241       198,602.50        01-Jan-2005              7           7.500%    10,692.01
Group 4     0161036443       215,242.49        01-Jan-2005              7           6.700%    10,294.29


                                                         [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                      24                  Nov-04            0.000%                                   
    Original Principal Balance      2,813,313.20                  Dec-04            0.000%                                   
    Current Principal Balance       2,800,795.38                  Jan-05            0.000%                                   
                                                                  Feb-05            0.000%                                   
Current Foreclosure Total                                         Mar-05            0.036%                                   
    Loans in Foreclosure                      73                  Apr-05            0.110%                                   
    Original Principal Balance     10,872,118.20                  May-05            0.375%                                   
    Current Principal Balance      10,843,683.21                  Jun-05            0.527%                                   
                                                                  Jul-05            0.646%                                   
                                                                  Aug-05            0.921%                                   
                                                                  Sep-05            1.061%                                   
                                                                  Oct-05            1.177%                                   

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

                                                                              

                                                        [Enlarge/Download Table]


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

                                    Month                                                                 
                                     Loan              First                                      Original
                    Loan          Entered            Payment                            LTV at   Principal
Group             Number               FC               Date          State        Origination     Balance
                                                                                                          
Group 1       0051054510         Jun-2005        01-Jan-2005             GA              89.29   50,000.00
Group 1       0631002668         Sep-2005        01-May-2004             CO              45.53   97,900.00
Group 2       0041062147         Aug-2005        01-Dec-2004             IL              80.00  200,000.00
Group 2       0041062821         Jul-2005        01-Jan-2005             IL              85.00  297,500.00
Group 2       0061055311         Oct-2005        01-Jan-2005             MI              80.00   92,000.00
Group 2       0131029204         Jun-2005        01-Jan-2005             OH              75.00  171,750.00
Group 2       0141043135         Sep-2005        01-Jan-2005             CT              70.00   98,000.00
Group 2       0191021551         Apr-2005        01-Jan-2005             MT              80.00  192,000.00
Group 2       0271018054         Oct-2005        01-Jan-2005             MA              90.00  261,000.00
Group 2       0331032430         Jun-2005        01-Jan-2005             NY              80.00  339,200.00
Group 2       0351020302         Jun-2005        01-Oct-2004             TX              70.75  150,000.00
Group 2       0351020317         Jul-2005        01-Sep-2004             TX              80.00   51,200.00
Group 2       0391008797         Aug-2005        01-Nov-2004             LA              80.00  106,400.00
Group 2       0521022205         Sep-2005        01-Feb-2005             MI              75.00   67,500.00
Group 2       0641005790         Jul-2005        01-Jan-2005             TX              80.00  192,000.00
Group 2       0671001524         Oct-2005        01-Jan-2005             CA              65.00  153,400.00
Group 2       0681002852         Sep-2005        01-Jan-2005             MA              80.00  212,000.00
Group 2       0791000840         Jun-2005        01-Jan-2005             IA              90.00   82,800.00
Group 2       0841001725         Sep-2005        01-Jan-2005             MI              63.87  175,000.00
Group 3       0101043431         Jul-2005        01-Oct-2004             TX              54.09   59,500.00
Group 3       0131029246         Oct-2005        01-Jan-2005             KY              90.00   51,300.00
Group 3       0331032240         Oct-2005        01-Jan-2005             NY              13.18   58,000.00
Group 3       0351020475         May-2005        01-Sep-2004             TX              80.00   89,600.00
Group 3       0611012943         Oct-2005        01-Jan-2005             NY              80.00  212,000.00
Group 3       0641005610         Aug-2005        01-Jan-2005             TX              80.00  204,000.00
Group 3       0651006568         Aug-2005        01-Jan-2005             IN              95.00   54,150.00
Group 4       0011071301         Oct-2005        01-Nov-2004             MI              61.90   65,000.00
Group 4       0021060958         Oct-2005        01-Jan-2005             CA              66.67  210,000.00
Group 4       0061054076         Aug-2005        01-Oct-2004             OH              90.00   63,900.00
Group 4       0061054132         May-2005        01-Oct-2004             OH              80.00   57,600.00
Group 4       0061055326         Jul-2005        01-Jan-2005             OH              80.00  196,000.00
Group 4       0061055618         Aug-2005        01-Jan-2005             OH              95.00  370,500.00
Group 4       0061055743         Oct-2005        01-Feb-2005             OH              80.00   60,400.00
Group 4       0071062959         Aug-2005        01-Jan-2005             FL              90.00  162,000.00
Group 4       0091029725         Jun-2005        01-Jan-2005             KS              90.00   51,300.00
Group 4       0121034384         Jul-2005        01-Sep-2004             NE              77.68   87,000.00
Group 4       0121035668         Oct-2005        01-Dec-2004             MN              95.00  164,350.00
Group 4       0131028943         Oct-2005        01-Dec-2004             KY              52.38   55,000.00
Group 4       0131029356         Oct-2005        01-Jan-2005             OH              80.00   68,000.00
Group 4       0141041418         May-2005        01-Oct-2004             NY              66.43  186,000.00
Group 4       0141043607         May-2005        01-Jan-2005             NY              88.89  324,000.00
Group 4       0261049504         Oct-2005        01-Jan-2005             AL              56.17   81,440.00
Group 4       0271015833         Oct-2005        01-Oct-2004             TN              65.00  156,000.00
Group 4       0271017163         Jun-2005        01-Dec-2004             OH              89.29   75,000.00
Group 4       0271017293         Aug-2005        01-Dec-2004             AZ              72.44   92,000.00
Group 4       0271017695         Sep-2005        01-Dec-2004             MN              90.00  176,400.00
Group 4       0271017784         Aug-2005        01-Jan-2005             NY              95.00  347,605.00
Group 4       0311025418         Sep-2005        01-Jan-2005             NJ              68.18   90,000.00
Group 4       0321021849         Aug-2005        01-Jan-2005             WY              80.00   50,000.00
Group 4       0321022028         Sep-2005        01-Jan-2005             CO              93.45  235,500.00
Group 4       0331031846         May-2005        01-Jan-2005             NY              95.00  456,000.00
Group 4       0331031917         Oct-2005        01-Jan-2005             CT              63.11  130,000.00
Group 4       0341019228         Jun-2005        01-Sep-2004             SC              90.00   70,200.00
Group 4       0361018332         Mar-2005        01-Jun-2004             MI              72.82  125,250.00
Group 4       0371022247         Aug-2005        01-Jan-2005             FL              80.00  161,600.00
Group 4       0381017804         Oct-2005        01-Jan-2005             RI              47.00  102,000.00
Group 4       0521020769         Oct-2005        01-Jan-2005             MO              85.00   51,000.00
Group 4       0551002803         Aug-2005        01-Sep-2004             LA              90.00   54,450.00
Group 4       0651006494         Oct-2005        01-Jan-2005             MI              95.00  133,000.00
Group 4       0651006663         Aug-2005        01-Jan-2005             ME              75.00   86,250.00
Group 4       0661002516         Oct-2005        01-Dec-2004             MI              80.00  196,000.00
Group 4       0661003153         Sep-2005        01-Jan-2005             CA              80.00  212,000.00
Group 4       0671001934         May-2005        01-Jan-2005             CA              80.00  400,000.00
Group 4       0681002755         Sep-2005        01-Jan-2005             VT              75.00  123,750.00
Group 4       0691001111         Oct-2005        01-Dec-2004             VA              65.00  173,550.00
Group 4       0741008606         Aug-2005        01-Jan-2005             NH              65.00  237,250.00
Group 4       0771001886         Oct-2005        01-Dec-2004             TX              80.00   70,000.00
Group 4       0781001350         Oct-2005        01-Jan-2005             MI              80.00  164,000.00
Group 4       0791000759         Oct-2005        01-Jan-2005             NE              79.99   54,393.20
Group 4       0831031018         Sep-2005        01-Nov-2004             NJ              90.00  180,000.00
Group 4       0831031024         Jun-2005        01-Nov-2004             NJ              85.00  323,850.00
Group 4       0841000774         Oct-2005        01-Oct-2004             MI              90.00   51,480.00
Group 4       0841001139         Jul-2005        01-Jan-2005             MI              95.00  172,900.00


                                                        [Enlarge/Download Table]


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

                                        Current               Paid                        Current       Approximate
                          Loan        Principal                 To         Months            Loan        Delinquent
Group                   Number          Balance               Date     Delinquent            Rate          Interest
                                                                                                                   
Group 1             0051054510        49,946.86        01-Feb-2005              6          9.150%          2,941.22
Group 1             0631002668        97,222.88        01-May-2005              3          9.350%          3,661.93
Group 2             0041062147       199,689.80        01-Feb-2005              6          9.300%         11,959.00
Group 2             0041062821       297,187.09        01-Feb-2005              6          9.200%         17,599.71
Group 2             0061055311        91,587.99        01-Jun-2005              2          7.550%          2,210.83
Group 2             0131029204       171,664.62        01-Jan-2005              7          9.450%         11,756.44
Group 2             0141043135        97,867.45        01-Mar-2005              5          9.950%          5,501.43
Group 2             0191021551       191,839.49        01-Jan-2005              7          6.900%          9,463.67
Group 2             0271018054       259,436.28        01-Jun-2005              2          6.050%          4,964.87
Group 2             0331032430       339,200.00        01-Jan-2005              7          5.650%         13,610.43
Group 2             0351020302       149,529.67        01-Feb-2005              6          8.400%          8,056.20
Group 2             0351020317        50,995.60        01-Mar-2005              5          8.900%          2,553.70
Group 2             0391008797       106,155.62        01-Feb-2005              6          9.200%          6,286.41
Group 2             0521022205        67,367.02        01-May-2005              3          9.550%          2,593.81
Group 2             0641005790       191,692.74        01-Mar-2005              5          9.150%          9,879.84
Group 2             0671001524       153,004.49        01-May-2005              3          9.350%          5,763.39
Group 2             0681002852       211,136.17        01-Jun-2005              2          8.150%          5,519.07
Group 2             0791000840        82,760.12        01-Jan-2005              7          9.600%          5,761.10
Group 2             0841001725       174,238.07        01-May-2005              3          6.750%          4,674.28
Group 3             0101043431        59,419.09        01-Feb-2005              6         12.320%          4,756.68
Group 3             0131029246        50,642.49        01-May-2005              3          9.630%          1,957.23
Group 3             0331032240        57,531.45        01-Jun-2005              2          9.990%          1,854.37
Group 3             0351020475        89,389.82        01-Jan-2005              7          9.800%          6,356.51
Group 3             0611012943       211,441.96        01-May-2005              3          9.250%          7,876.45
Group 3             0641005610       203,626.65        01-Apr-2005              4          9.900%          9,762.51
Group 3             0651006568        54,095.73        01-Mar-2005              5         11.340%          3,480.14
Group 4             0011071301        64,839.00        01-Jun-2005              2         11.800%          2,484.29
Group 4             0021060958       209,068.80        01-Jun-2005              2          7.600%          5,081.52
Group 4             0061054076        63,799.57        01-Jan-2005              7         10.700%          4,968.34
Group 4             0061054132        57,506.76        01-Jan-2005              7         10.500%          4,391.86
Group 4             0061055326       195,921.26        01-Jan-2005              7         10.450%         14,889.82
Group 4             0061055618       370,263.75        01-Jan-2005              7          8.250%         22,019.30
Group 4             0061055743        60,186.24        01-Jun-2005              2          7.800%          1,503.02
Group 4             0071062959       161,099.16        01-Jul-2005              1          7.250%          2,796.81
Group 4             0091029725        51,267.63        01-Jan-2005              7          8.300%          3,068.10
Group 4             0121034384        86,692.55        01-Jan-2005              7          8.000%          4,992.37
Group 4             0121035668       163,420.05        01-May-2005              3          6.350%          4,111.52
Group 4             0131028943        54,787.74        01-Oct-2005            (1)         12.100%            539.25
Group 4             0131029356        67,834.29        01-Jun-2005              2         10.500%          2,304.91
Group 4             0141041418       185,372.62        01-Jan-2005              7          6.900%          9,144.03
Group 4             0141043607       323,739.62        01-Jan-2005              7          7.100%         16,456.55
Group 4             0261049504        80,058.85        01-Jun-2005              2          8.450%          2,165.27
Group 4             0271015833       155,275.24        01-Jan-2005              7          6.100%          6,727.02
Group 4             0271017163        74,814.15        01-Feb-2005              6          6.990%          3,326.82
Group 4             0271017293        91,724.30        01-Mar-2005              5          7.500%          3,843.52
Group 4             0271017695       175,668.57        01-Apr-2005              4          7.000%          5,872.33
Group 4             0271017784       347,400.83        01-Jan-2005              7          8.650%         21,703.60
Group 4             0311025418        89,668.49        01-May-2005              3          7.600%          2,723.27
Group 4             0321021849        49,895.56        01-Mar-2005              5          7.850%          2,192.76
Group 4             0321022028       235,500.00        01-Jan-2005              7          6.650%         11,215.62
Group 4             0331031846       456,000.00        01-Jan-2005              7          6.990%         22,879.80
Group 4             0331031917       129,752.62        01-Apr-2005              4         11.450%          7,227.45
Group 4             0341019228        69,904.71        01-Feb-2005              6          9.200%          4,139.44
Group 4             0361018332       124,370.09        01-Jan-2005              7          6.750%          5,994.30
Group 4             0371022247       161,187.67        01-May-2005              3          9.400%          6,105.26
Group 4             0381017804       101,720.61        01-Jun-2005              2          9.950%          3,269.69
Group 4             0521020769        50,871.65        01-Jun-2005              2         10.350%          1,703.09
Group 4             0551002803        54,191.19        01-Apr-2005              4          8.950%          2,340.29
Group 4             0651006494       132,514.98        01-May-2005              3          7.650%          4,052.18
Group 4             0651006663        86,163.92        01-Feb-2005              6          9.450%          5,246.54
Group 4             0661002516       195,566.02        01-Mar-2005              5          8.990%          9,896.55
Group 4             0661003153       211,189.09        01-Apr-2005              4          6.250%          6,267.49
Group 4             0671001934       400,000.00        01-Jun-2005              2          6.300%          8,000.00
Group 4             0681002755       122,313.46        01-May-2005              3          6.850%          3,331.97
Group 4             0691001111       172,871.33        01-Jun-2005              2          9.000%          5,008.91
Group 4             0741008606       236,838.25        01-Apr-2005              4         10.150%         11,651.20
Group 4             0771001886        69,683.40        01-May-2005              3          7.500%          2,087.24
Group 4             0781001350       163,225.45        01-Jun-2005              2          9.150%          4,812.82
Group 4             0791000759        54,182.68        01-May-2005              3          7.350%          1,589.10
Group 4             0831031018       179,457.50        01-May-2005              3         10.250%          7,433.33
Group 4             0831031024       323,415.70        01-Jan-2005              7          9.990%         23,460.61
Group 4             0841000774        51,291.77        01-Jun-2005              2         10.650%          1,768.44
Group 4             0841001139       172,496.94        01-Mar-2005              5          7.300%          7,026.81


                                                                 [Download Table]
                                                                           
                                                                           

                                    COLLATERAL STATEMENT                   
                                                                           
Collateral Description                                    Mixed Fixed & Arm
Weighted Average Gross Coupon                                     7.133547%
Weighted Average Net Coupon                                       6.833547%
Weighted Average Pass-Through Rate                                6.132563%
Weighted Average Maturity(Stepdown Calculation)                         346

Beginning Scheduled Collateral Loan Count                             5,585
Number Of Loans Paid In Full                                            188
Ending Scheduled Collateral Loan Count                                5,397

Beginning Scheduled Collateral Balance                       958,047,462.16
Ending Scheduled Collateral Balance                          921,097,770.23
Ending Actual Collateral Balance at 30-Sep-2005              921,503,614.32

Monthly P&I Constant                                           6,414,345.27
Special Servicing Fee                                                  0.00
Prepayment Penalties                                             590,626.44
Realized Loss Amount                                                   0.00
Cumulative Realized Loss                                          26,830.87

Scheduled Principal                                              719,115.16
Unscheduled Principal                                         36,230,576.77

                                                                               
                                                                 [Download Table]
                      
                      
                      
Other Income  -1432.93
                                                                               
                                                                   [Download Table]
                                                                          
                                                                          

                          Miscellaneous Reporting                         
                                                                          
General Excess Available Amt                                  1,671,107.03
Extra Principal Distribution Amt                                      0.00
Overcollateralization Amt                                     6,000,000.00
Overcollateralization Defecit Amt                                     0.00
Stepdown                                                                NO
Trigger Event                                                           NO

                                                                                                                                     [Enlarge/Download Table]

                      Group Level Collateral Statement                                        
                                                                                              
Group                                                  Group 1         Group 2         Group 3
Collateral Description                             Mixed Fixed       Mixed ARM     Mixed Fixed
Weighted Average Coupon Rate                          7.283390        7.085220        7.480183
Weighted Average Net Rate                             6.983390        6.785220        7.180183
Weighted Average Maturity                                  347             347             346
Beginning Loan Count                                       339           1,108           1,033
Loans Paid In Full                                           9              47              31
Ending Loan Count                                          330           1,061           1,002
Beginning Scheduled Balance                      48,876,436.62  184,777,323.90  147,614,009.77
Ending Scheduled Balance                         47,182,143.00  175,472,696.62  142,828,084.10
Record Date                                         09/30/2005      09/30/2005      09/30/2005
Principal And Interest Constant                     341,521.14    1,220,501.67    1,059,243.41
Scheduled Principal                                  44,866.01      129,511.75      139,093.57
Unscheduled Principal                             1,649,427.61    9,175,115.53    4,646,832.10
Scheduled Interest                                  296,655.13    1,090,989.92      920,149.84
Servicing Fees                                       12,219.11       46,194.33       36,903.50
Master Servicing Fees                                     0.00            0.00            0.00
Trustee Fee                                             122.19          461.94          369.04
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                                             18,432.93      118,060.84       61,534.63
Net Interest                                        284,436.03    1,044,795.44      883,246.34
Realized Loss Amount                                      0.00            0.00            0.00
Cumulative Realized Loss                                  0.00            0.00       24,165.43
Percentage of Cumulative Losses                         0.0000          0.0000          0.0141
Prepayment Penalties                                      0.00            0.00            0.00
Special Servicing Fee                                     0.00            0.00            0.00
Pass-Through Rate                                     6.527830        6.015497        6.676949
                                                                [Download Table]

                      Group Level Collateral Statement                           
                                                                                 
Group                                                  Group 4              Total
Collateral Description                               Mixed ARM  Mixed Fixed & Arm
Weighted Average Coupon Rate                          7.047617           7.133547
Weighted Average Net Rate                             6.747617           6.833547
Weighted Average Maturity                                  346                346
Beginning Loan Count                                     3,105              5,585
Loans Paid In Full                                         101                188
Ending Loan Count                                        3,004              5,397
Beginning Scheduled Balance                     576,779,691.87     958,047,462.16
Ending scheduled Balance                        555,614,846.51     921,097,770.23
Record Date                                         09/30/2005         09/30/2005
Principal And Interest Constant                   3,793,079.05       6,414,345.27
Scheduled Principal                                 405,643.83         719,115.16
Unscheduled Principal                            20,759,201.53      36,230,576.77
Scheduled Interest                                3,387,435.22       5,695,230.11
Servicing Fees                                      144,194.92         239,511.86
Master Servicing Fees                                     0.00               0.00
Trustee Fee                                           1,441.95           2,395.12
FRY Amount                                                0.00               0.00
Special Hazard Fee                                        0.00               0.00
Other Fee                                                 0.00               0.00
Pool Insurance Fee                                        0.00               0.00
Spread 1                                                  0.00               0.00
Spread 2                                                  0.00               0.00
Spread 3                                            359,222.64         557,251.04
Net Interest                                      3,243,240.13       5,455,717.94
Realized Loss Amount                                      0.00               0.00
Cumulative Realized Loss                              2,665.44          26,830.87
Percentage of Cumulative Losses                         0.0004             0.0022
Prepayment Penalties                                      0.00               0.00
Special Servicing Fee                                     0.00               0.00
Pass-Through Rate                                     5.997248           6.132563
                                                        [Enlarge/Download Table]


                Prepayment Detail - Prepayments during Current Period                          

Summary           Loans Paid In Full                               Repurchased Loans           

                        Original            Current                      Original       Current
                       Principal          Principal                     Principal     Principal
Group    Count           Balance            Balance      Count            Balance       Balance
                                                                                               
Group 1      9      1,656,800.00       1,639,840.06          0               0.00          0.00
Group 2     47      9,235,747.00       9,169,492.85          0               0.00          0.00
Group 3     31      4,684,594.00       4,642,985.36          0               0.00          0.00
Group 4    101     20,853,323.00      20,715,811.55          0               0.00          0.00
Total      188     36,430,464.00      36,168,129.82          0               0.00          0.00


                                                        [Enlarge/Download Table]


              Prepayment Detail - Prepayments during Current Period (continued)                         

Summary          Substitution Loans                          Liquidated Loans               Curtailments

                      Original          Current                   Original         Current              
                     Principal        Principal                  Principal       Principal   Curtailment
Group    Count         Balance          Balance     Count         Balance          Balance        Amount
                                                                                                        
Group 1      0            0.00             0.00         0             0.00            0.00      9,587.55
Group 2      0            0.00             0.00         0             0.00            0.00      5,622.68
Group 3      0            0.00             0.00         0             0.00            0.00      3,846.74
Group 4      0            0.00             0.00         0             0.00            0.00     43,389.98
Total        0            0.00             0.00         0             0.00            0.00     62,446.95


                                                        [Enlarge/Download Table]


                Prepayment Loan Detail - Prepayments during Current Period                        

                                                                  First       Original            
               Loan                            LTV at           Payment      Principal  Prepayment
Group        Number          State        Origination              Date        Balance      Amount
                                                                                                  
Group 1  0061055476             OH              67.07       01-Jan-2005      55,000.00   54,715.62
Group 1  0161037779             MA              76.20       01-Dec-2004     361,200.00  357,853.95
Group 1  0261048609             OH              90.00       01-Oct-2004      85,500.00   84,785.74
Group 1  0311023469             NJ              95.00       01-Oct-2004     180,500.00  178,753.01
Group 1  0381017665             RI              80.00       01-Jan-2005     160,000.00  155,231.71
Group 1  0521019896             NV              75.00       01-Nov-2004     213,750.00  211,667.69
Group 1  0611013369             NY              64.89       01-Jan-2005     292,000.00  290,000.13
Group 1  0631004716             CA              70.00       01-Jan-2005     110,600.00  109,613.28
Group 1  0691001460             MD              62.54       01-Jan-2005     198,250.00  197,218.93
Group 2  0011070445             CA              88.94       01-Sep-2004     209,000.00  207,316.46
Group 2  0021060039             HI              80.00       01-Dec-2004     380,000.00  380,000.00
Group 2  0031028727             CA              90.00       01-Oct-2004     315,000.00  314,897.62
Group 2  0031029303             CA              85.00       01-Nov-2004     178,500.00  176,777.66
Group 2  0031030513             CA              95.00       01-Jan-2005     171,000.00  170,039.70
Group 2  0061055301             OH              80.00       01-Jan-2005     139,200.00  138,167.02
Group 2  0081049127             MD              95.00       01-Aug-2004     196,650.00  194,588.70
Group 2  0081051987             VA              85.00       01-Jan-2005      75,650.00   75,194.71
Group 2  0121036505             MN              70.00       01-Feb-2005     301,000.00  299,442.84
Group 2  0141043242             NY              95.00       01-Jan-2005     299,250.00  297,375.31
Group 2  0141043753             CT              88.84       01-Jan-2005     207,000.00  205,466.85
Group 2  0151026614             PA              80.00       01-Jan-2005     221,600.00  220,239.24
Group 2  0161038076             MA              73.62       01-Jan-2005     173,000.00  171,743.44
Group 2  0171022892             NV              85.00       01-Jan-2005     205,700.00  204,305.07
Group 2  0191020696             OR              74.07       01-Nov-2004     100,000.00   98,674.63
Group 2  0251033626             WA              80.00       01-Nov-2004     125,600.00  124,189.66
Group 2  0271014469             TX              80.00       01-Sep-2004      98,400.00   97,504.71
Group 2  0271015337             CA              90.00       01-Nov-2004     216,000.00  213,663.99
Group 2  0271016137             NY              61.21       01-Nov-2004     202,000.00  199,730.04
Group 2  0271016693             MD              85.00       01-Nov-2004     319,600.00  316,486.54
Group 2  0271016727             NH              73.26       01-Nov-2004     168,500.00  166,424.15
Group 2  0311024761             PA              85.00       01-Dec-2004     127,372.00  126,650.82
Group 2  0311024798             NJ              72.73       01-Dec-2004     240,000.00  237,976.43
Group 2  0321022152             CO              68.08       01-Jan-2005     248,500.00  244,987.28
Group 2  0331031600             NY              90.00       01-Jan-2005     292,500.00  290,126.67
Group 2  0331031723             NJ              80.00       01-Dec-2004     145,600.00  144,301.81
Group 2  0381017756             RI              75.00       01-Jan-2005     127,500.00  126,717.03
Group 2  0381017781             MA              32.12       01-Jan-2005     220,000.00  218,256.35
Group 2  0521018954             MI              80.00       01-Oct-2004     168,000.00  166,691.13
Group 2  0521021274             OH             100.00       01-Jan-2005      64,900.00   64,497.50
Group 2  0561000902             FL              80.00       01-Dec-2004     119,200.00  118,008.84
Group 2  0561001087             FL              65.00       01-Jan-2005      59,475.00   59,155.87
Group 2  0611013208             NJ              85.00       01-Jan-2005     348,500.00  346,316.83
Group 2  0631004310             CA              95.00       01-Nov-2004     303,050.00  303,050.00
Group 2  0651006473             MI              80.00       01-Jan-2005      92,000.00   91,400.27
Group 2  0661002677             CA              80.00       01-Jan-2005     252,000.00  250,389.62
Group 2  0661003026             CA              65.00       01-Jan-2005     279,500.00  277,748.15
Group 2  0661003034             CA              95.00       01-Jan-2005     147,250.00  146,235.92
Group 2  0661003069             CA              85.00       01-Jan-2005     180,200.00  180,200.00
Group 2  0671001521             HI              75.00       01-Dec-2004     288,750.00  285,971.56
Group 2  0681003109             MA              80.00       01-Jan-2005     336,000.00  333,042.31
Group 2  0691001507             DE              55.79       01-Jan-2005      53,000.00   52,559.28
Group 2  0731007807             MD              82.09       01-Jan-2005     275,000.00  272,735.22
Group 2  0741008703             FL              80.00       01-Jan-2005     140,000.00  138,621.07
Group 2  0761005517             IL              65.00       01-Jan-2005     204,750.00  203,063.76
Group 2  0791000793             IA              80.00       01-Jan-2005      92,800.00   92,356.74
Group 2  0831030891             WA              71.89       01-Nov-2004     127,250.00  126,204.05
Group 3  0031030338             CA              80.00       01-Jan-2005     324,000.00  321,901.16
Group 3  0031030712             CA              80.00       01-Jan-2005     240,000.00  237,887.34
Group 3  0071063172             FL              58.33       01-Jan-2005     140,000.00  138,850.48
Group 3  0101043265             TX              80.00       01-Sep-2004      72,000.00   71,227.80
Group 3  0101044401             TX              75.00       01-Dec-2004     114,750.00  113,617.82
Group 3  0161037591             MA              85.00       01-Dec-2004     374,000.00  370,568.21
Group 3  0161037874             MA              80.00       01-Jan-2005     200,000.00  198,352.90
Group 3  0171022810             NV              70.00       01-Dec-2004     169,400.00  167,639.28
Group 3  0211022974             GA              80.00       01-Dec-2004     119,394.00  118,750.40
Group 3  0231058055             NH              50.00       01-Jan-2005      95,000.00   94,309.95
Group 3  0261049456             MD              20.00       01-Jan-2005      60,000.00   59,658.29
Group 3  0261049604             FL              70.00       01-Jan-2005     133,000.00  132,283.60
Group 3  0271014965             NY              53.42       01-Sep-2004     195,000.00  192,816.49
Group 3  0311022578             NY              70.00       01-Sep-2004      93,100.00   92,406.96
Group 3  0321021993             CO              95.00       01-Jan-2005     157,700.00  156,700.49
Group 3  0361021342             MI              90.00       01-Jan-2005      90,000.00   89,534.64
Group 3  0371022774             FL              80.00       01-Jan-2005      72,000.00   71,602.12
Group 3  0381016552             MA              20.00       01-Nov-2004      65,800.00   64,487.46
Group 3  0381017837             MA              57.08       01-Jan-2005     137,000.00  135,721.61
Group 3  0511031388             CA              44.62       01-Jan-2005      87,000.00   86,337.86
Group 3  0551002952             TX              76.47       01-Oct-2004     130,000.00  128,911.84
Group 3  0611011835             NY              76.85       01-Oct-2004     415,000.00  410,091.06
Group 3  0611012486             NY              16.50       01-Dec-2004      85,000.00   84,518.69
Group 3  0661002996             CA              53.46       01-Jan-2005     139,000.00  137,769.47
Group 3  0661003008             CA              80.00       01-Jan-2005     203,200.00  201,496.82
Group 3  0661003021             CA              66.67       01-Jan-2005      90,000.00   89,031.21
Group 3  0671000673             CA              20.00       01-Sep-2004      65,000.00   64,452.18
Group 3  0681003108             MA              20.00       01-Jan-2005      84,000.00   83,574.48
Group 3  0691001319             MD              90.00       01-Jan-2005     112,500.00  112,155.57
Group 3  0721003969             HI              80.00       01-Oct-2004     120,000.00  117,243.92
Group 3  0831031444             CA              85.00       01-Dec-2004     301,750.00  299,085.26
Group 4  0011069677             AZ              80.00       01-Nov-2004     125,600.00  124,678.91
Group 4  0021058413             CA              65.00       01-Sep-2004     161,200.00  159,553.25
Group 4  0021059447             CA              75.00       01-Dec-2004     180,000.00  179,239.94
Group 4  0021059754             CA              80.00       01-Nov-2004     316,000.00  312,173.30
Group 4  0021060728             HI              80.00       01-Jan-2005     320,000.00  320,000.00
Group 4  0021060965             CA              80.00       01-Jan-2005     348,000.00  347,970.24
Group 4  0031028087             CA              95.00       01-Aug-2004     370,500.00  370,500.00
Group 4  0031030356             CA              80.00       01-Jan-2005     220,000.00  220,000.00
Group 4  0031030412             CA              80.00       01-Jan-2005     384,000.00  381,094.53
Group 4  0031030450             CA              71.17       01-Jan-2005     390,000.00  386,909.08
Group 4  0031030680             CA              89.46       01-Jan-2005     382,000.00  382,000.00
Group 4  0041062213             IL              75.00       01-Dec-2004     180,000.00  179,128.36
Group 4  0071061217             FL              86.28       01-Nov-2004     125,100.00  123,695.30
Group 4  0091028109             IL              79.92       01-Jan-2005      66,400.00   66,120.81
Group 4  0091029557             IL              80.00       01-Jan-2005     144,000.00  142,984.30
Group 4  0121035339             MN              80.00       01-Nov-2004      60,000.00   59,300.78
Group 4  0121036132             WI              85.00       01-Jan-2005     129,200.00  128,497.01
Group 4  0131028110             KY              90.00       01-Oct-2004      87,750.00   86,959.19
Group 4  0131029140             OH              85.00       01-Jan-2005      74,970.00   74,674.11
Group 4  0141043180             NY              80.00       01-Jan-2005     248,000.00  246,676.40
Group 4  0151026727             PA              80.00       01-Jan-2005      79,200.00   78,930.62
Group 4  0161038268             MA              69.71       01-Jan-2005     168,000.00  166,108.73
Group 4  0171022792             FL              90.00       01-Dec-2004     191,831.00  190,744.80
Group 4  0171022874             NV              70.00       01-Jan-2005     175,000.00  173,775.06
Group 4  0171023235             AZ              84.95       01-Jan-2005     195,385.00  195,385.00
Group 4  0191020069             CO              90.00       01-Dec-2004     145,800.00  144,219.71
Group 4  0211024585             SC              85.00       01-Jan-2005     172,550.00  172,550.00
Group 4  0211024699             NC              85.00       01-Jan-2005     136,000.00  135,296.72
Group 4  0231053051             NJ              75.00       01-Oct-2004     225,000.00  223,646.66
Group 4  0231056589             NY              80.00       01-Dec-2004     188,000.00  186,969.85
Group 4  0231057887             NJ              75.00       01-Feb-2005     150,000.00  148,751.19
Group 4  0231058249             NY              80.00       01-Jan-2005     461,600.00  458,819.75
Group 4  0231058331             MA              90.00       01-Jan-2005     122,400.00  121,528.14
Group 4  0251033634             CA              85.00       01-Nov-2004     195,500.00  192,208.63
Group 4  0251034604             CA              70.00       01-Jan-2005     122,500.00  121,481.47
Group 4  0251034608             CA              80.00       01-Jan-2005     240,000.00  240,000.00
Group 4  0251035180             CA              89.41       01-Feb-2005     152,000.00  150,855.89
Group 4  0261049395             TN              95.00       01-Jan-2005     111,150.00  110,572.30
Group 4  0261049764             FL              85.00       01-Jan-2005     118,150.00  117,120.45
Group 4  0261050249             FL              75.00       01-Feb-2005     140,250.00  140,238.43
Group 4  0271018055             CA              69.91       01-Jan-2005     295,000.00  292,832.65
Group 4  0281012260             NJ              73.33       01-Nov-2004     165,000.00  164,991.95
Group 4  0311023376             NJ              80.00       01-Dec-2004      65,600.00   65,353.56
Group 4  0311023991             NJ              69.94       01-Oct-2004     111,900.00  111,052.70
Group 4  0311024307             NJ              69.81       01-Jan-2005     185,000.00  183,951.75
Group 4  0311024832             NJ              80.00       01-Dec-2004     324,000.00  321,847.43
Group 4  0321022221             WY              70.00       01-Jan-2005      80,500.00   79,849.62
Group 4  0331029971             NY              77.14       01-Jan-2005     810,000.00  800,469.88
Group 4  0341019240             NC              85.00       01-Oct-2004      93,500.00   92,767.80
Group 4  0341021178             NC              95.00       01-Jan-2005     133,607.00  132,794.01
Group 4  0351020246             TX              80.00       01-Sep-2004     139,600.00  138,268.32
Group 4  0361021878             MI              54.00       01-Jan-2005      55,620.00   55,368.49
Group 4  0371022437             FL              70.00       01-Jan-2005     154,000.00  152,381.60
Group 4  0371022542             FL              80.00       01-Jan-2005     188,000.00  186,877.45
Group 4  0371022674             FL              80.00       01-Jan-2005     107,600.00  107,600.00
Group 4  0381014689             MA              89.56       01-Aug-2004     575,000.00  568,696.63
Group 4  0381015769             MA              90.00       01-Oct-2004     241,650.00  239,664.44
Group 4  0381016496             CT              70.31       01-Nov-2004     112,500.00  111,246.22
Group 4  0381016509             MA              68.57       01-Dec-2004     240,000.00  237,556.32
Group 4  0381017379             MA              72.97       01-Jan-2005     135,000.00  134,235.08
Group 4  0381017453             MA              80.00       01-Jan-2005     153,600.00  152,142.40
Group 4  0381017663             RI              80.00       01-Jan-2005     244,000.00  242,377.69
Group 4  0511031350             NV              95.00       01-Oct-2004     408,500.00  404,742.94
Group 4  0511031835             OR              68.00       01-Jan-2005     136,000.00  134,743.13
Group 4  0521020743             MO              56.00       01-Jan-2005     126,000.00  125,436.07
Group 4  0521021141             MO              80.00       01-Jan-2005     205,420.00  203,358.92
Group 4  0521021249             MI              90.00       01-Jan-2005     130,500.00  129,414.10
Group 4  0521021718             WI              80.00       01-Jan-2005      75,680.00   75,085.92
Group 4  0611012414             NY              70.00       01-Nov-2004     476,000.00  472,068.28
Group 4  0611012708             NY              78.13       01-Dec-2004     187,500.00  185,919.08
Group 4  0611013538             NY              76.60       01-Jan-2005     360,000.00  359,999.80
Group 4  0631004739             CA              79.62       01-Jan-2005     414,000.00  410,750.32
Group 4  0631005001             CA              80.00       01-Dec-2004     520,000.00  514,569.61
Group 4  0631005167             CA              80.00       01-Jan-2005     308,000.00  307,996.94
Group 4  0651004766             FL              80.00       01-Oct-2004      60,000.00   59,641.33
Group 4  0651006225             VA              80.00       01-Dec-2004      98,800.00   98,491.10
Group 4  0651006346             CT              85.00       01-Dec-2004     199,750.00  198,525.64
Group 4  0661001596             CA              38.94       01-Oct-2004     183,000.00  181,228.85
Group 4  0661002811             CA              80.00       01-Jan-2005      88,000.00   87,341.91
Group 4  0661003105             CA              69.25       01-Jan-2005     367,000.00  367,000.00
Group 4  0661003143             CA              60.87       01-Jan-2005     140,000.00  139,386.32
Group 4  0661003270             CA              69.43       01-Jan-2005     184,000.00  182,349.44
Group 4  0671001642             CA              95.00       01-Dec-2004     218,500.00  218,043.36
Group 4  0671001654             CA              90.00       01-Jan-2005     369,000.00  366,267.02
Group 4  0691001647             MD              80.00       01-Jan-2005     260,000.00  257,290.91
Group 4  0721004057             AZ              90.00       01-Oct-2004     101,700.00  100,519.40
Group 4  0721004288             CA              63.06       01-Oct-2004     239,000.00  236,943.32
Group 4  0731008137             SC              62.00       01-Jan-2005      66,960.00   66,505.89
Group 4  0741007913             CA              80.00       01-Dec-2004     328,000.00  324,653.99
Group 4  0741008255             FL              85.00       01-Dec-2004     123,250.00  122,238.34
Group 4  0781000710             NJ              70.00       01-Jan-2005     101,500.00  100,748.26
Group 4  0781001368             NJ              69.23       01-Jan-2005     117,000.00  116,027.18
Group 4  0831017912             NJ              80.00       01-Apr-2004     176,000.00  173,270.44
Group 4  0831028499             RI              75.00       01-Oct-2004     201,750.00  200,336.19
Group 4  0831029826             CA              85.00       01-Nov-2004     204,000.00  202,590.48
Group 4  0831029828             CA              95.00       01-Nov-2004     451,250.00  451,250.00
Group 4  0831029992             FL              95.00       01-Nov-2004      99,750.00   99,118.52
Group 4  0831030427             NJ              53.26       01-Nov-2004     245,000.00  242,936.17
Group 4  0831030909             CA              60.00       01-Dec-2004     195,000.00  194,239.24
Group 4  0831031022             NJ              22.89       01-Nov-2004      65,000.00   64,546.69
Group 4  0841000909             MI              90.00       01-Dec-2004     208,800.00  206,551.55


                                                        [Enlarge/Download Table]


          Prepayment Loan Detail - Prepayments during Current Period (continued)                     

                                                                    Current                          
               Loan                     PIF        Months              Loan       Original           
Group        Number                    Type    Delinquent              Rate           Term  Seasoning
                                                                                                     
Group 1  0061055476       Loan Paid in Full          (1)             8.900%            360          9
Group 1  0161037779       Loan Paid in Full           0              6.500%            360         10
Group 1  0261048609       Loan Paid in Full          (1)             8.000%            360         12
Group 1  0311023469       Loan Paid in Full          (1)             7.250%            360         12
Group 1  0381017665       Loan Paid in Full          (1)             6.700%            180          9
Group 1  0521019896       Loan Paid in Full          (1)             6.750%            360         11
Group 1  0611013369       Loan Paid in Full          (1)             7.500%            360          9
Group 1  0631004716       Loan Paid in Full          (1)             6.140%            360          9
Group 1  0691001460       Loan Paid in Full           0              8.875%            360          9
Group 2  0011070445       Loan Paid in Full           0              8.600%            360         13
Group 2  0021060039       Loan Paid in Full          (1)             5.000%            360         10
Group 2  0031028727       Loan Paid in Full           0              6.500%            360         12
Group 2  0031029303       Loan Paid in Full           0              6.800%            360         11
Group 2  0031030513       Loan Paid in Full          (1)             8.500%            360          9
Group 2  0061055301       Loan Paid in Full          (1)             7.090%            360          9
Group 2  0081049127       Loan Paid in Full          (1)             7.900%            360         14
Group 2  0081051987       Loan Paid in Full          (1)             8.150%            360          9
Group 2  0121036505       Loan Paid in Full           2              8.300%            360          9
Group 2  0141043242       Loan Paid in Full           0              7.950%            360          9
Group 2  0141043753       Loan Paid in Full           0              7.100%            360          9
Group 2  0151026614       Loan Paid in Full           0              8.050%            360          9
Group 2  0161038076       Loan Paid in Full          (1)             7.200%            360          9
Group 2  0171022892       Loan Paid in Full           0              7.550%            360          9
Group 2  0191020696       Loan Paid in Full           0              5.100%            360         11
Group 2  0251033626       Loan Paid in Full           0              6.000%            360         11
Group 2  0271014469       Loan Paid in Full           0              7.990%            360         13
Group 2  0271015337       Loan Paid in Full          (1)             6.200%            360         11
Group 2  0271016137       Loan Paid in Full          (1)             6.000%            360         11
Group 2  0271016693       Loan Paid in Full           0              6.750%            360         11
Group 2  0271016727       Loan Paid in Full           0              5.500%            360         11
Group 2  0311024761       Loan Paid in Full          (1)             8.990%            360         10
Group 2  0311024798       Loan Paid in Full          (1)             6.990%            360         10
Group 2  0321022152       Loan Paid in Full          (1)             7.190%            360          9
Group 2  0331031600       Loan Paid in Full          (1)             7.300%            360          9
Group 2  0331031723       Loan Paid in Full           0              6.700%            360         10
Group 2  0381017756       Loan Paid in Full           0              8.050%            360          9
Group 2  0381017781       Loan Paid in Full           0              6.750%            360          9
Group 2  0521018954       Loan Paid in Full           0              8.350%            360         12
Group 2  0521021274       Loan Paid in Full          (1)             8.000%            360          9
Group 2  0561000902       Loan Paid in Full          (1)             6.100%            360         10
Group 2  0561001087       Loan Paid in Full           0              8.750%            360          9
Group 2  0611013208       Loan Paid in Full          (1)             7.950%            360          9
Group 2  0631004310       Loan Paid in Full           0              6.500%            360         11
Group 2  0651006473       Loan Paid in Full           0              7.750%            360          9
Group 2  0661002677       Loan Paid in Full           0              7.850%            360          9
Group 2  0661003026       Loan Paid in Full           0              7.950%            360          9
Group 2  0661003034       Loan Paid in Full           0              7.700%            360          9
Group 2  0661003069       Loan Paid in Full          (1)             7.150%            360          9
Group 2  0671001521       Loan Paid in Full           0              6.300%            360         10
Group 2  0681003109       Loan Paid in Full          (1)             6.200%            360          9
Group 2  0691001507       Loan Paid in Full           0              6.500%            360          9
Group 2  0731007807       Loan Paid in Full          (1)             6.550%            360          9
Group 2  0741008703       Loan Paid in Full           0              5.600%            360          9
Group 2  0761005517       Loan Paid in Full           0              6.550%            360          9
Group 2  0791000793       Loan Paid in Full           0              9.390%            360          9
Group 2  0831030891       Loan Paid in Full           0              7.625%            360         11
Group 3  0031030338       Loan Paid in Full           0              8.200%            360          9
Group 3  0031030712       Loan Paid in Full          (1)             6.200%            360          9
Group 3  0071063172       Loan Paid in Full          (1)             7.325%            360          9
Group 3  0101043265       Loan Paid in Full          (1)             7.150%            360         13
Group 3  0101044401       Loan Paid in Full          (1)             7.350%            360         10
Group 3  0161037591       Loan Paid in Full           0              6.550%            360         10
Group 3  0161037874       Loan Paid in Full          (1)             6.550%            360          9
Group 3  0171022810       Loan Paid in Full          (1)             5.890%            360         10
Group 3  0211022974       Loan Paid in Full          (1)             9.350%            360         10
Group 3  0231058055       Loan Paid in Full           0              7.200%            360          9
Group 3  0261049456       Loan Paid in Full          (1)             9.250%            360          9
Group 3  0261049604       Loan Paid in Full           0              8.700%            360          9
Group 3  0271014965       Loan Paid in Full           0              6.990%            360         13
Group 3  0311022578       Loan Paid in Full           0              8.990%            360         13
Group 3  0321021993       Loan Paid in Full          (1)             8.200%            360          9
Group 3  0361021342       Loan Paid in Full           0              8.900%            360          9
Group 3  0371022774       Loan Paid in Full           0              8.600%            360          9
Group 3  0381016552       Loan Paid in Full           0             10.625%            240         11
Group 3  0381017837       Loan Paid in Full          (1)             5.890%            360          9
Group 3  0511031388       Loan Paid in Full           1              6.960%            360          9
Group 3  0551002952       Loan Paid in Full           0              7.990%            360         12
Group 3  0611011835       Loan Paid in Full           0              6.200%            360         12
Group 3  0611012486       Loan Paid in Full           0              8.990%            360         10
Group 3  0661002996       Loan Paid in Full          (1)             6.170%            360          9
Group 3  0661003008       Loan Paid in Full          (1)             6.500%            360          9
Group 3  0661003021       Loan Paid in Full          (1)             6.400%            360          9
Group 3  0671000673       Loan Paid in Full          (1)             8.375%            360         13
Group 3  0681003108       Loan Paid in Full          (1)             9.000%            360          9
Group 3  0691001319       Loan Paid in Full          (1)            11.390%            360          9
Group 3  0721003969       Loan Paid in Full           0              7.300%            240         12
Group 3  0831031444       Loan Paid in Full           0              6.750%            360         10
Group 4  0011069677       Loan Paid in Full          (1)             8.200%            360         11
Group 4  0021058413       Loan Paid in Full           0              7.400%            360         13
Group 4  0021059447       Loan Paid in Full           0             10.400%            360         10
Group 4  0021059754       Loan Paid in Full          (1)             5.600%            360         11
Group 4  0021060728       Loan Paid in Full           0              5.450%            360          9
Group 4  0021060965       Loan Paid in Full           0              6.250%            360          9
Group 4  0031028087       Loan Paid in Full          (1)             6.800%            360         14
Group 4  0031030356       Loan Paid in Full          (1)             6.840%            360          9
Group 4  0031030412       Loan Paid in Full           0              6.990%            360          9
Group 4  0031030450       Loan Paid in Full          (1)             6.750%            360          9
Group 4  0031030680       Loan Paid in Full           0              6.600%            360          9
Group 4  0041062213       Loan Paid in Full           0              9.750%            360         10
Group 4  0071061217       Loan Paid in Full          (1)             6.000%            360         11
Group 4  0091028109       Loan Paid in Full           0              9.900%            360          9
Group 4  0091029557       Loan Paid in Full          (1)             7.350%            360          9
Group 4  0121035339       Loan Paid in Full          (1)             8.450%            360         11
Group 4  0121036132       Loan Paid in Full          (1)             8.650%            360          9
Group 4  0131028110       Loan Paid in Full          (1)             7.750%            360         12
Group 4  0131029140       Loan Paid in Full           0             10.200%            360          9
Group 4  0141043180       Loan Paid in Full           0              8.750%            360          9
Group 4  0151026727       Loan Paid in Full           0             10.900%            360          9
Group 4  0161038268       Loan Paid in Full           0              4.950%            360          9
Group 4  0171022792       Loan Paid in Full          (1)             8.990%            360         10
Group 4  0171022874       Loan Paid in Full           2              7.725%            360          9
Group 4  0171023235       Loan Paid in Full          (1)             6.250%            360          9
Group 4  0191020069       Loan Paid in Full          (1)             6.800%            360         10
Group 4  0211024585       Loan Paid in Full           0              8.750%            360          9
Group 4  0211024699       Loan Paid in Full          (1)             8.900%            360          9
Group 4  0231053051       Loan Paid in Full           0              9.650%            360         12
Group 4  0231056589       Loan Paid in Full           0              9.150%            360         10
Group 4  0231057887       Loan Paid in Full          (1)             6.150%            360          9
Group 4  0231058249       Loan Paid in Full           0              8.650%            360          9
Group 4  0231058331       Loan Paid in Full          (1)             7.300%            360          9
Group 4  0251033634       Loan Paid in Full          (1)             5.250%            360         11
Group 4  0251034604       Loan Paid in Full          (1)             6.500%            360          9
Group 4  0251034608       Loan Paid in Full          (1)             4.950%            360          9
Group 4  0251035180       Loan Paid in Full           0              6.390%            360          9
Group 4  0261049395       Loan Paid in Full           0              8.875%            360          9
Group 4  0261049764       Loan Paid in Full          (1)             6.890%            360          9
Group 4  0261050249       Loan Paid in Full           0              6.600%            360          9
Group 4  0271018055       Loan Paid in Full           0              7.450%            360          9
Group 4  0281012260       Loan Paid in Full           0              5.000%            360         11
Group 4  0311023376       Loan Paid in Full          (1)            10.950%            360         10
Group 4  0311023991       Loan Paid in Full          (1)             8.500%            360         12
Group 4  0311024307       Loan Paid in Full           0              8.450%            360          9
Group 4  0311024832       Loan Paid in Full           0              8.200%            360         10
Group 4  0321022221       Loan Paid in Full          (1)             6.650%            360          9
Group 4  0331029971       Loan Paid in Full          (1)             6.550%            360          9
Group 4  0341019240       Loan Paid in Full           0              8.550%            360         12
Group 4  0341021178       Loan Paid in Full           0              8.100%            360          9
Group 4  0351020246       Loan Paid in Full           4              7.750%            360         13
Group 4  0361021878       Loan Paid in Full           0              9.550%            360          9
Group 4  0371022437       Loan Paid in Full           0              6.390%            360          9
Group 4  0371022542       Loan Paid in Full           0              8.190%            360          9
Group 4  0371022674       Loan Paid in Full          (1)             6.250%            360          9
Group 4  0381014689       Loan Paid in Full           0              7.440%            360         14
Group 4  0381015769       Loan Paid in Full          (1)             8.190%            360         12
Group 4  0381016496       Loan Paid in Full          (1)             6.040%            360         11
Group 4  0381016509       Loan Paid in Full           0              6.000%            360         10
Group 4  0381017379       Loan Paid in Full           0              8.450%            360          9
Group 4  0381017453       Loan Paid in Full          (1)             5.800%            360          9
Group 4  0381017663       Loan Paid in Full           0              7.650%            360          9
Group 4  0511031350       Loan Paid in Full           0              7.590%            360         12
Group 4  0511031835       Loan Paid in Full           0              5.990%            360          9
Group 4  0521020743       Loan Paid in Full           0              9.600%            360          9
Group 4  0521021141       Loan Paid in Full           0              5.500%            360          9
Group 4  0521021249       Loan Paid in Full          (1)             6.500%            360          9
Group 4  0521021718       Loan Paid in Full          (1)             6.800%            360          9
Group 4  0611012414       Loan Paid in Full          (1)             7.600%            360         11
Group 4  0611012708       Loan Paid in Full          (1)             6.990%            360         10
Group 4  0611013538       Loan Paid in Full           0              6.800%            360          9
Group 4  0631004739       Loan Paid in Full          (1)             6.800%            360          9
Group 4  0631005001       Loan Paid in Full           0              6.300%            360         10
Group 4  0631005167       Loan Paid in Full           0              6.300%            360          9
Group 4  0651004766       Loan Paid in Full          (1)             9.650%            360         12
Group 4  0651006225       Loan Paid in Full           0             11.800%            360         10
Group 4  0651006346       Loan Paid in Full           0              8.600%            360         10
Group 4  0661001596       Loan Paid in Full           6              7.250%            360         12
Group 4  0661002811       Loan Paid in Full           0              7.050%            360          9
Group 4  0661003105       Loan Paid in Full           0              5.000%            360          9
Group 4  0661003143       Loan Paid in Full          (1)             9.700%            360          9
Group 4  0661003270       Loan Paid in Full           0              6.100%            360          9
Group 4  0671001642       Loan Paid in Full          (1)             6.240%            360         10
Group 4  0671001654       Loan Paid in Full           0              7.100%            360          9
Group 4  0691001647       Loan Paid in Full           0              5.450%            360          9
Group 4  0721004057       Loan Paid in Full          (1)             6.300%            360         12
Group 4  0721004288       Loan Paid in Full           1              7.850%            360         12
Group 4  0731008137       Loan Paid in Full           0              7.550%            360          9
Group 4  0741007913       Loan Paid in Full          (1)             5.990%            360         10
Group 4  0741008255       Loan Paid in Full          (1)             7.400%            360         10
Group 4  0781000710       Loan Paid in Full           0              7.100%            360          9
Group 4  0781001368       Loan Paid in Full           0              6.500%            360          9
Group 4  0831017912       Loan Paid in Full           0              7.000%            360         18
Group 4  0831028499       Loan Paid in Full           0              8.875%            360         12
Group 4  0831029826       Loan Paid in Full          (1)             8.500%            360         11
Group 4  0831029828       Loan Paid in Full           0              6.900%            360         11
Group 4  0831029992       Loan Paid in Full           0              8.950%            360         11
Group 4  0831030427       Loan Paid in Full           1              7.500%            360         11
Group 4  0831030909       Loan Paid in Full          (1)            11.400%            360         10
Group 4  0831031022       Loan Paid in Full          (1)             8.450%            360         11
Group 4  0841000909       Loan Paid in Full           0              5.700%            360         10


                                                        [Enlarge/Download Table]

                                            Prepayment - Voluntary Prepayments                                             


Summary                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              3.785%       Current Month             37.058%        Current Month               1,891.659% 
   3 Month Average            4.088%       3 Month Average           39.353%        3 Month Average             2,256.598% 
   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.               
                                                                                                                           

         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      10.970%           N/A                          Feb-2005   3,068.876%           N/A                  
         Mar-2005      12.101%           N/A                          Mar-2005   2,172.243%           N/A                  
         Apr-2005      22.335%           N/A                          Apr-2005   2,904.738%           N/A                  
         May-2005      19.689%           N/A                          May-2005   2,037.460%           N/A                  
         Jun-2005      35.448%           N/A                          Jun-2005   3,040.479%           N/A                  
         Jul-2005      35.403%           N/A                          Jul-2005   2,594.979%           N/A                  
         Aug-2005      38.135%           N/A                          Aug-2005   2,443.724%           N/A                  
         Sep-2005      42.864%           N/A                          Sep-2005   2,434.411%           N/A                  
         Oct-2005      37.058%           N/A                          Oct-2005   1,891.659%           N/A                  

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


Group 1                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              3.378%       Current Month             33.790%        Current Month               1,767.235% 
   3 Month Average            2.849%       3 Month Average           29.061%        3 Month Average             1,711.816% 
   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.               
                                                                                                                           

         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       4.672%           N/A                          Feb-2005   1,451.990%           N/A                  
         Mar-2005       4.187%           N/A                          Mar-2005     803.343%           N/A                  
         Apr-2005       9.421%           N/A                          Apr-2005   1,298.568%           N/A                  
         May-2005      11.287%           N/A                          May-2005   1,223.123%           N/A                  
         Jun-2005      26.367%           N/A                          Jun-2005   2,353.925%           N/A                  
         Jul-2005      18.208%           N/A                          Jul-2005   1,377.973%           N/A                  
         Aug-2005      33.256%           N/A                          Aug-2005   2,193.751%           N/A                  
         Sep-2005      20.138%           N/A                          Sep-2005   1,174.464%           N/A                  
         Oct-2005      33.790%           N/A                          Oct-2005   1,767.235%           N/A                  

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


Group 2                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              4.969%       Current Month             45.752%        Current Month               2,346.664% 
   3 Month Average            4.675%       3 Month Average           43.468%        3 Month Average             2,482.683% 
   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.               
                                                                                                                           

         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       9.000%           N/A                          Feb-2005   2,596.840%           N/A                  
         Mar-2005      13.158%           N/A                          Mar-2005   2,399.460%           N/A                  
         Apr-2005      13.165%           N/A                          Apr-2005   1,744.073%           N/A                  
         May-2005      26.441%           N/A                          May-2005   2,779.419%           N/A                  
         Jun-2005      40.298%           N/A                          Jun-2005   3,501.960%           N/A                  
         Jul-2005      31.802%           N/A                          Jul-2005   2,356.162%           N/A                  
         Aug-2005      35.926%           N/A                          Aug-2005   2,319.176%           N/A                  
         Sep-2005      48.725%           N/A                          Sep-2005   2,782.209%           N/A                  
         Oct-2005      45.752%           N/A                          Oct-2005   2,346.664%           N/A                  

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


Group 3                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              3.151%       Current Month             31.900%        Current Month               1,635.299% 
   3 Month Average            3.147%       3 Month Average           31.856%        3 Month Average             1,830.242% 
   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.               
                                                                                                                           

         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       5.545%           N/A                          Feb-2005   1,596.301%           N/A                  
         Mar-2005      10.229%           N/A                          Mar-2005   1,870.077%           N/A                  
         Apr-2005      19.037%           N/A                          Apr-2005   2,515.899%           N/A                  
         May-2005      16.808%           N/A                          May-2005   1,757.745%           N/A                  
         Jun-2005      20.832%           N/A                          Jun-2005   1,799.251%           N/A                  
         Jul-2005      16.695%           N/A                          Jul-2005   1,228.419%           N/A                  
         Aug-2005      30.064%           N/A                          Aug-2005   1,938.179%           N/A                  
         Sep-2005      33.603%           N/A                          Sep-2005   1,917.249%           N/A                  
         Oct-2005      31.900%           N/A                          Oct-2005   1,635.299%           N/A                  

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


Group 4                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              3.602%       Current Month             35.608%        Current Month               1,809.216% 
   3 Month Average            4.239%       3 Month Average           40.426%        3 Month Average             2,314.904% 
   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.               
                                                                                                                           

         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      13.241%           N/A                          Feb-2005   3,618.048%           N/A                  
         Mar-2005      12.773%           N/A                          Mar-2005   2,260.855%           N/A                  
         Apr-2005      26.644%           N/A                          Apr-2005   3,417.201%           N/A                  
         May-2005      18.727%           N/A                          May-2005   1,916.987%           N/A                  
         Jun-2005      37.632%           N/A                          Jun-2005   3,199.372%           N/A                  
         Jul-2005      41.464%           N/A                          Jul-2005   3,018.283%           N/A                  
         Aug-2005      41.046%           N/A                          Aug-2005   2,613.920%           N/A                  
         Sep-2005      44.625%           N/A                          Sep-2005   2,521.577%           N/A                  
         Oct-2005      35.608%           N/A                          Oct-2005   1,809.216%           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
                                                                                          
Group 1                            0               0.00              0.00           0.000%
Group 2                            0               0.00              0.00           0.000%
Group 3                            0               0.00              0.00           0.000%
Group 4                            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.        
                                                                                                                          

         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          0.000%             N/A                     Feb-2005           0.000%               N/A         
         Mar-2005          0.000%             N/A                     Mar-2005           0.000%               N/A         
         Apr-2005          0.019%             N/A                     Apr-2005           2.993%               N/A         
         May-2005          0.000%             N/A                     May-2005           0.000%               N/A         
         Jun-2005          0.000%             N/A                     Jun-2005           0.000%               N/A         
         Jul-2005          0.015%             N/A                     Jul-2005           1.336%               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-2005           0.000%               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         

*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.        
                                                                                                                          

         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          0.000%             N/A                     Feb-2005           0.000%               N/A         
         Mar-2005          0.000%             N/A                     Mar-2005           0.000%               N/A         
         Apr-2005          0.230%             N/A                     Apr-2005          11.138%               N/A         
         May-2005          0.000%             N/A                     May-2005           0.000%               N/A         
         Jun-2005          0.000%             N/A                     Jun-2005           0.000%               N/A         
         Jul-2005          0.182%             N/A                     Jul-2005           1.847%               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-2005           0.000%               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         

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

Group 1                                                                                                                   

                                                                                                                          

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

                                                                                                                          

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

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

*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.        
                                                                                                                          

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

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

Group 2                                                                                                                   

                                                                                                                          

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

                                                                                                                          

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

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

*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.        
                                                                                                                          

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

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

Group 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.        
                                                                                                                          

         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          0.000%             N/A                     Feb-2005           0.000%               N/A         
         Mar-2005          0.000%             N/A                     Mar-2005           0.000%               N/A         
         Apr-2005          0.133%             N/A                     Apr-2005          20.963%               N/A         
         May-2005          0.000%             N/A                     May-2005           0.000%               N/A         
         Jun-2005          0.000%             N/A                     Jun-2005           0.000%               N/A         
         Jul-2005          0.000%             N/A                     Jul-2005           0.000%               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-2005           0.000%               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         

*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.        
                                                                                                                          

         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          0.000%             N/A                     Feb-2005           0.000%               N/A         
         Mar-2005          0.000%             N/A                     Mar-2005           0.000%               N/A         
         Apr-2005          1.586%             N/A                     Apr-2005          11.138%               N/A         
         May-2005          0.000%             N/A                     May-2005           0.000%               N/A         
         Jun-2005          0.000%             N/A                     Jun-2005           0.000%               N/A         
         Jul-2005          0.000%             N/A                     Jul-2005           0.000%               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-2005           0.000%               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         

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

Group 4                                                                                                                   

                                                                                                                          

    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.        
                                                                                                                          

         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          0.000%             N/A                     Feb-2005           0.000%               N/A         
         Mar-2005          0.000%             N/A                     Mar-2005           0.000%               N/A         
         Apr-2005          0.000%             N/A                     Apr-2005           0.000%               N/A         
         May-2005          0.000%             N/A                     May-2005           0.000%               N/A         
         Jun-2005          0.000%             N/A                     Jun-2005           0.000%               N/A         
         Jul-2005          0.025%             N/A                     Jul-2005           2.170%               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-2005           0.000%               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         

*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.        
                                                                                                                          

         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          0.000%             N/A                     Feb-2005           0.000%               N/A         
         Mar-2005          0.000%             N/A                     Mar-2005           0.000%               N/A         
         Apr-2005          0.000%             N/A                     Apr-2005           0.000%               N/A         
         May-2005          0.000%             N/A                     May-2005           0.000%               N/A         
         Jun-2005          0.000%             N/A                     Jun-2005           0.000%               N/A         
         Jul-2005          0.298%             N/A                     Jul-2005           1.847%               N/A         
         Aug-2005          0.000%             N/A                     Aug-2005           0.000%               N/A         
         Sep-2005          0.000%             N/A                     Sep-2005           0.000%               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         

*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:	11/1/05	None on these Dates
For Period End:	10/25/05
		List all Filings

↑Top

Filing Submission 0001056404-05-003679 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Option One Mortgage Loan Trust 2005-1 – ‘8-K’ for 10/25/05

On: Tuesday, 11/1/05, at 12:59pm ET · For: 10/25/05 · Accession #: 1056404-5-3679 · File #: 333-104020-04

Previous ‘8-K’: ‘8-K’ on 9/30/05 for 9/26/05 · Next: ‘8-K’ on 12/2/05 for 11/25/05 · Latest: ‘8-K’ on 1/4/06 for 12/27/05

Current Report — Form 8-KFiling Table of Contents

Document Table of Contents

Dates Referenced Herein

Current Report — Form 8-K
Filing Table of Contents