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Securitized Asset Backed Receivables LLC Trust 2005-FR4 – ‘8-K’ for 11/25/05

On: Monday, 12/5/05, at 11:44am ET · For: 11/25/05 · Accession #: 1056404-5-4212 · File #: 333-123990-01

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

12/05/05  Securitized Asset Backe… 2005-FR4 8-K:8,9    11/25/05    1:57K                                    Norwest Asset SEC Co… Tr

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                        28±   132K

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):  November 25, 2005

  SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST
 Mortgage Pass-Through Certificates, Series 2005-FR4 Trust
  (Exact name of registrant as specified in its charter)

New York (governing law of            333-123990-01       54-2184310            
Pooling and Servicing Agreement)      (Commission         54-2184311            
(State or other                       File Number)        54-2184312            
jurisdiction                                              54-2184313            
of Incorporation)                                         54-6681223            
                                           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 November 25, 2005 a distribution was made to holders of SECURITIZED ASSET  
BACKED RECEIVABLES LLC TRUST, Mortgage Pass-Through Certificates, Series      
2005-FR4 Trust.                                                               

ITEM 9.01  Financial Statements and Exhibits                                    

(c)  Exhibits                                                       

Exhibit Number               Description                  

           EX-99.1                      Monthly report distributed to holders of
                                   Mortgage Pass-Through Certificates,
                                      Series 2005-FR4 Trust, relating to the
                               November 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.                                           

  SECURITIZED ASSET BACKED RECEIVABLES LLC TRUST
 Mortgage Pass-Through Certificates, Series 2005-FR4 Trust
  (Registrant)

By:    Wells Fargo Bank, N.A. as Trustee            
By:   /s/   Beth Belfield as Officer                
By:    Beth Belfield as Officer                     
Date:  11/27/2005                                   

 INDEX TO EXHIBITS

Exhibit Number            Description                                           

EX-99.1                   Monthly report distributed to holders of Mortgage     
                     Pass-Through Certificates, Series 2005-FR4 Trust,
                   relating to the November 25, 2005 distribution.

EX-99.1                                   

                                                        [Enlarge/Download Table]

Securitized Asset Backed Receivables LLC Trust                                                       
Mortgage Pass-Through Certificates                                                                   

Record Date:             10/31/2005                                                                  
Distribution Date:       11/25/2005                                                                  

Securitized Asset Backed Receivables LLC Trust                                                       
Mortgage Pass-Through Certificates                                                                   
Series 2005-FR4                                                                                      

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                  81375WFB7               SEN           4.33750%     360,698,495.04  1,347,233.93
A-1B                  81375WFC5               SEN           4.38750%      90,174,623.76    340,691.00
A-2A                  81375WFD3               SEN           4.15750%     121,999,342.51    436,766.12
A-2B                  81375WFE1               SEN           4.29750%      53,539,000.00    198,127.76
A-2C                  81375WFF8               SEN           4.39750%      39,266,000.00    148,689.98
A-3                   81375WFG6               SEN           4.23750%      97,824,079.78    356,955.99
M-1                   81375WFH4               MEZ           4.51750%      93,901,000.00    365,281.41
M-2                   81375WFJ0               MEZ           4.67750%      71,387,000.00    287,535.93
M-3                   81375WFK7               MEZ           4.70750%      17,572,000.00     71,231.27
B-1                   81375WFL5               SUB           5.20750%      18,670,000.00     83,720.69
B-2                   81375WFM3               SUB           5.30750%      13,728,000.00     62,741.73
B-3                   81375WFN1               SUB           5.75750%      14,827,000.00     73,510.00
B-4                   81375WFP6               SUB           6.53750%      13,728,000.00     77,281.97
P                     SAB05FR4P               SEN           0.00000%               0.00    753,180.68
X                     SAB05FR4X               SEN           0.00000%      38,439,019.15  1,828,560.51
R                     SAB05FR4R               RES           0.00000%               0.00          0.00

Totals                                                                 1,045,753,560.24  6,431,508.97
                                                        [Enlarge/Download Table]


                             Certificateholder Distribution Summary (continued)                           

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

                                                                                                          
A-1A               14,737,730.30               0.00     345,960,764.73      16,084,964.23             0.00
A-1B                3,684,432.58               0.00      86,490,191.18       4,025,123.58             0.00
A-2A               12,811,644.68               0.00     109,187,697.83      13,248,410.80             0.00
A-2B                        0.00               0.00      53,539,000.00         198,127.76             0.00
A-2C                        0.00               0.00      39,266,000.00         148,689.98             0.00
A-3                 8,899,927.51               0.00      88,924,152.27       9,256,883.50             0.00
M-1                         0.00               0.00      93,901,000.00         365,281.41             0.00
M-2                         0.00               0.00      71,387,000.00         287,535.93             0.00
M-3                         0.00               0.00      17,572,000.00          71,231.27             0.00
B-1                         0.00               0.00      18,670,000.00          83,720.69             0.00
B-2                         0.00               0.00      13,728,000.00          62,741.73             0.00
B-3                         0.00               0.00      14,827,000.00          73,510.00             0.00
B-4                         0.00               0.00      13,728,000.00          77,281.97             0.00
P                           0.00               0.00               0.00         753,180.68             0.00
X                           0.00               0.00      38,439,019.15       1,828,560.51             0.00
R                           0.00               0.00               0.00               0.00             0.00

Totals             40,133,735.07               0.00   1,005,619,825.16      46,565,244.04             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            387,240,000.00     360,698,495.04               0.00      14,737,730.30              0.00       0.00
A-1B             96,810,000.00      90,174,623.76               0.00       3,684,432.58              0.00       0.00
A-2A            130,101,000.00     121,999,342.51               0.00      12,811,644.68              0.00       0.00
A-2B             53,539,000.00      53,539,000.00               0.00               0.00              0.00       0.00
A-2C             39,266,000.00      39,266,000.00               0.00               0.00              0.00       0.00
A-3             109,049,000.00      97,824,079.78               0.00       8,899,927.51              0.00       0.00
M-1              93,901,000.00      93,901,000.00               0.00               0.00              0.00       0.00
M-2              71,387,000.00      71,387,000.00               0.00               0.00              0.00       0.00
M-3              17,572,000.00      17,572,000.00               0.00               0.00              0.00       0.00
B-1              18,670,000.00      18,670,000.00               0.00               0.00              0.00       0.00
B-2              13,728,000.00      13,728,000.00               0.00               0.00              0.00       0.00
B-3              14,827,000.00      14,827,000.00               0.00               0.00              0.00       0.00
B-4              13,728,000.00      13,728,000.00               0.00               0.00              0.00       0.00
P                         0.00               0.00               0.00               0.00              0.00       0.00
X                38,439,689.90      38,439,019.15               0.00               0.00              0.00       0.00
R                         0.00               0.00               0.00               0.00              0.00       0.00

Totals        1,098,257,689.90   1,045,753,560.24               0.00      40,133,735.07              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    14,737,730.30     345,960,764.73         0.89340142  14,737,730.30
A-1B     3,684,432.58      86,490,191.18         0.89340142   3,684,432.58
A-2A    12,811,644.68     109,187,697.83         0.83925333  12,811,644.68
A-2B             0.00      53,539,000.00         1.00000000           0.00
A-2C             0.00      39,266,000.00         1.00000000           0.00
A-3      8,899,927.51      88,924,152.27         0.81545133   8,899,927.51
M-1              0.00      93,901,000.00         1.00000000           0.00
M-2              0.00      71,387,000.00         1.00000000           0.00
M-3              0.00      17,572,000.00         1.00000000           0.00
B-1              0.00      18,670,000.00         1.00000000           0.00
B-2              0.00      13,728,000.00         1.00000000           0.00
B-3              0.00      14,827,000.00         1.00000000           0.00
B-4              0.00      13,728,000.00         1.00000000           0.00
P                0.00               0.00         0.00000000           0.00
X                0.00      38,439,019.15         0.99998255           0.00
R                0.00               0.00         0.00000000           0.00

Totals  40,133,735.07   1,005,619,825.16         0.91565016  40,133,735.07

                                                                                                                                       [Enlarge/Download Table]


                                         Principal Distribution Factors Statement                          

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

                                                                                                           
A-1A             387,240,000.00          931.45980539            0.00000000         38.05838834  0.00000000
A-1B              96,810,000.00          931.45980539            0.00000000         38.05838839  0.00000000
A-2A             130,101,000.00          937.72793837            0.00000000         98.47460573  0.00000000
A-2B              53,539,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
A-2C              39,266,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
A-3              109,049,000.00          897.06535392            0.00000000         81.61402223  0.00000000
M-1               93,901,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-2               71,387,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
M-3               17,572,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
B-1               18,670,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
B-2               13,728,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
B-3               14,827,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
B-4               13,728,000.00         1000.00000000            0.00000000          0.00000000  0.00000000
P                          0.00            0.00000000            0.00000000          0.00000000  0.00000000
X                 38,439,689.90          999.98255059            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            38.05838834          893.40141703             0.89340142      38.05838834
A-1B                    0.00000000            38.05838839          893.40141700             0.89340142      38.05838839
A-2A                    0.00000000            98.47460573          839.25333264             0.83925333      98.47460573
A-2B                    0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
A-2C                    0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
A-3                     0.00000000            81.61402223          815.45133169             0.81545133      81.61402223
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
B-1                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
B-2                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
B-3                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
B-4                     0.00000000             0.00000000        1,000.00000000             1.00000000       0.00000000
P                       0.00000000             0.00000000            0.00000000             0.00000000       0.00000000
X                       0.00000000             0.00000000          999.98255059             0.99998255       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      387,240,000.00      4.33750%     360,698,495.04       1,347,233.93         0.00       0.00
A-1B       96,810,000.00      4.38750%      90,174,623.76         340,691.00         0.00       0.00
A-2A      130,101,000.00      4.15750%     121,999,342.51         436,766.12         0.00       0.00
A-2B       53,539,000.00      4.29750%      53,539,000.00         198,127.76         0.00       0.00
A-2C       39,266,000.00      4.39750%      39,266,000.00         148,689.98         0.00       0.00
A-3       109,049,000.00      4.23750%      97,824,079.78         356,955.99         0.00       0.00
M-1        93,901,000.00      4.51750%      93,901,000.00         365,281.41         0.00       0.00
M-2        71,387,000.00      4.67750%      71,387,000.00         287,535.93         0.00       0.00
M-3        17,572,000.00      4.70750%      17,572,000.00          71,231.27         0.00       0.00
B-1        18,670,000.00      5.20750%      18,670,000.00          83,720.69         0.00       0.00
B-2        13,728,000.00      5.30750%      13,728,000.00          62,741.73         0.00       0.00
B-3        14,827,000.00      5.75750%      14,827,000.00          73,510.00         0.00       0.00
B-4        13,728,000.00      6.53750%      13,728,000.00          77,281.97         0.00       0.00
P                   0.00      0.00000%   1,045,753,560.24               0.00         0.00       0.00
X          38,439,689.90      0.00000%      38,439,019.15               0.00         0.00       0.00
R                   0.00      0.00000%   1,045,753,560.24               0.00         0.00       0.00

Totals  1,098,257,689.90                                        3,849,767.78         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       1,347,233.93              0.00     345,960,764.73
A-1B                          0.00               0.00         340,691.00              0.00      86,490,191.18
A-2A                          0.00               0.00         436,766.12              0.00     109,187,697.83
A-2B                          0.00               0.00         198,127.76              0.00      53,539,000.00
A-2C                          0.00               0.00         148,689.98              0.00      39,266,000.00
A-3                           0.00               0.00         356,955.99              0.00      88,924,152.27
M-1                           0.00               0.00         365,281.41              0.00      93,901,000.00
M-2                           0.00               0.00         287,535.93              0.00      71,387,000.00
M-3                           0.00               0.00          71,231.27              0.00      17,572,000.00
B-1                           0.00               0.00          83,720.69              0.00      18,670,000.00
B-2                           0.00               0.00          62,741.73              0.00      13,728,000.00
B-3                           0.00               0.00          73,510.00              0.00      14,827,000.00
B-4                           0.00               0.00          77,281.97              0.00      13,728,000.00
P                             0.00               0.00         753,180.68              0.00   1,005,619,825.17
X                             0.00               0.00       1,828,560.51              0.00      38,439,019.15
R                             0.00               0.00               0.00              0.00   1,005,619,825.17

Totals                        0.00               0.00       6,431,508.97              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          387,240,000.00       4.33750%        931.45980539            3.47906706   0.00000000  0.00000000
A-1B           96,810,000.00       4.38750%        931.45980539            3.51917157   0.00000000  0.00000000
A-2A          130,101,000.00       4.15750%        937.72793837            3.35713115   0.00000000  0.00000000
A-2B           53,539,000.00       4.29750%       1000.00000000            3.70062496   0.00000000  0.00000000
A-2C           39,266,000.00       4.39750%       1000.00000000            3.78673611   0.00000000  0.00000000
A-3           109,049,000.00       4.23750%        897.06535392            3.27335409   0.00000000  0.00000000
M-1            93,901,000.00       4.51750%       1000.00000000            3.89006943   0.00000000  0.00000000
M-2            71,387,000.00       4.67750%       1000.00000000            4.02784723   0.00000000  0.00000000
M-3            17,572,000.00       4.70750%       1000.00000000            4.05368029   0.00000000  0.00000000
B-1            18,670,000.00       5.20750%       1000.00000000            4.48423621   0.00000000  0.00000000
B-2            13,728,000.00       5.30750%       1000.00000000            4.57034747   0.00000000  0.00000000
B-3            14,827,000.00       5.75750%       1000.00000000            4.95784717   0.00000000  0.00000000
B-4            13,728,000.00       6.53750%       1000.00000000            5.62951413   0.00000000  0.00000000
P                       0.00       0.00000%        952.19325105            0.00000000   0.00000000  0.00000000
X              38,439,689.90       0.00000%        999.98255059            0.00000000   0.00000000  0.00000000
R                       0.00       0.00000%        952.19325105            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            3.47906706            0.00000000   893.40141703
A-1B                    0.00000000             0.00000000            3.51917157            0.00000000   893.40141700
A-2A                    0.00000000             0.00000000            3.35713115            0.00000000   839.25333264
A-2B                    0.00000000             0.00000000            3.70062496            0.00000000  1000.00000000
A-2C                    0.00000000             0.00000000            3.78673611            0.00000000  1000.00000000
A-3                     0.00000000             0.00000000            3.27335409            0.00000000   815.45133169
M-1                     0.00000000             0.00000000            3.89006943            0.00000000  1000.00000000
M-2                     0.00000000             0.00000000            4.02784723            0.00000000  1000.00000000
M-3                     0.00000000             0.00000000            4.05368029            0.00000000  1000.00000000
B-1                     0.00000000             0.00000000            4.48423621            0.00000000  1000.00000000
B-2                     0.00000000             0.00000000            4.57034747            0.00000000  1000.00000000
B-3                     0.00000000             0.00000000            4.95784717            0.00000000  1000.00000000
B-4                     0.00000000             0.00000000            5.62951413            0.00000000  1000.00000000
P                       0.00000000             0.00000000            0.68579595            0.00000000   915.65015608
X                       0.00000000             0.00000000           47.56959577            0.00000000   999.98255059
R                       0.00000000             0.00000000            0.00000000            0.00000000   915.65015608
<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                                       46,157,427.16
     Liquidations, Insurance Proceeds, Reserve Funds                                   0.00
     Proceeds from Repurchased Loans                                                   0.00
     Other Amounts (Servicer Advances)                                           257,105.44
     Realized Loss (Gains, Subsequent Expenses & Recoveries)                           0.00
     Prepayment Penalties                                                        753,180.68

Total Deposits                                                                47,167,713.28

Withdrawals                                                                                
     Reimbursement for Servicer Advances                                         151,923.74
     Payment of Service Fee                                                      450,545.50
     Payment of Interest and Principal                                        46,565,244.04

Total Withdrawals (Pool Distribution Amount)                                  47,167,713.28

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                                                435,730.65
Loan Performance Advisor Fee                                        13,071.93
Trustee Fee                                                          1,742.92
Supported Prepayment/Curtailment Interest Shortfall                      0.00

Net Servicing Fee                                                  450,545.50


                                                                [Download Table]



              OTHER ACCOUNTS                                  

              Beginning          Current     Current   Ending 
Account Type     Balance      Withdrawals    Deposits  Balance

                                                              
Reserve Fund        0.00       753,180.68  753,180.68     0.00

                                                        [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                    0                      0                       0                  0                
                             0.00                   0.00                    0.00               0.00             

30 Days   130                0                      0                       0                  130              
          22,986,625.97      0.00                   0.00                    0.00               22,986,625.97    

60 Days   61                 0                      0                       0                  61               
          11,537,710.19      0.00                   0.00                    0.00               11,537,710.19    

90 Days   27                 0                      0                       0                  27               
          4,885,976.50       0.00                   0.00                    0.00               4,885,976.50     

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

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

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

Totals    218                0                      0                       0                  218              
          39,410,312.66      0.00                   0.00                    0.00               39,410,312.66    

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

30 Days   2.303331%          0.000000%              0.000000%               0.000000%          2.303331%        
          2.285137%          0.000000%              0.000000%               0.000000%          2.285137%        

60 Days   1.080794%          0.000000%              0.000000%               0.000000%          1.080794%        
          1.146982%          0.000000%              0.000000%               0.000000%          1.146982%        

90 Days   0.478384%          0.000000%              0.000000%               0.000000%          0.478384%        
          0.485723%          0.000000%              0.000000%               0.000000%          0.485723%        

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

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

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

Totals    3.862509%          0.000000%              0.000000%               0.000000%          3.862509%        
          3.917841%          0.000000%              0.000000%               0.000000%          3.917841%        


                                                                [Download Table]



                                              OTHER INFORMATION            

                                                                           

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

Periodic Advance                                                 257,105.44


                                                        [Enlarge/Download Table]


                        SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE                   

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

                                                                                                                            

Class    R               282,252,689.90      25.70004221%    282,252,019.15      28.06746765%        0.000000%     0.000000%
Class    M-1             188,351,689.90      17.15004517%    188,351,019.15      18.72984347%        9.337624%     0.000000%
Class    M-2             116,964,689.90      10.65002239%    116,964,019.15      11.63103752%        7.098806%     0.000000%
Class    M-3              99,392,689.90       9.05003360%     99,392,019.15       9.88365749%        1.747380%     0.000000%
Class    B-1              80,722,689.90       7.35006826%     80,722,019.15       8.02709107%        1.856566%     0.000000%
Class    B-2              66,994,689.90       6.10008840%     66,994,019.15       6.66196285%        1.365128%     0.000000%
Class    B-3              52,167,689.90       4.75004094%     52,167,019.15       5.18754880%        1.474414%     0.000000%
Class    B-4              38,439,689.90       3.50006107%     38,439,019.15       3.82242058%        1.365128%     0.000000%
Class    P                38,439,689.90       3.50006107%     38,439,019.15       3.82242058%        0.000000%     0.000000%
Class    X                         0.00       0.00000000%              0.00       0.00000000%        3.822421%     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                               0                  Dec-04            0.000%                                   
    Original Principal Balance              0.00                  Jan-05            0.000%                                   
    Current Principal Balance               0.00                  Feb-05            0.000%                                   
                                                                  Mar-05            0.000%                                   
Current REO Total                                                 Apr-05            0.000%                                   
    Loans in REO                               0                  May-05            0.000%                                   
    Original Principal Balance              0.00                  Jun-05            0.000%                                   
    Current Principal Balance               0.00                  Jul-05            0.000%                                   
                                                                  Aug-05            0.000%                                   
                                                                  Sep-05            0.000%                                   
                                                                  Oct-05            0.000%                                   
                                                                  Nov-05            0.000%                                   

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

                                                                              
                                                        [Enlarge/Download Table]


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

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

No REO loans this period.                                                                                         

                                                        [Enlarge/Download Table]


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

                                                Current               Paid                         Current  Approximate
                                  Loan        Principal                 To         Months             Loan   Delinquent
Group                           Number          Balance               Date     Delinquent             Rate     Interest
                                                                                                                       

No REO loans this period.                                                                                              


                                                         [Enlarge/Download Table]
                                                                                                                            

                   Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period                              

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

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

                                                                              

                                                        [Enlarge/Download Table]


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

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

No Foreclosure loans this period.                                                                                      


                                                        [Enlarge/Download Table]


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

                                                Current               Paid                        Current       Approximate
                                  Loan        Principal                 To         Months            Loan        Delinquent
Group                           Number          Balance               Date     Delinquent            Rate          Interest
                                                                                                                           

No Foreclosure loans this period.                                                                                          


                                                                 [Download Table]
                                                                           
                                                                           

                                    COLLATERAL STATEMENT                   
                                                                           
Collateral Description                                    Mixed Fixed & Arm
Weighted Average Gross Coupon                                     7.200160%
Weighted Average Net Coupon                                       6.700160%
Weighted Average Pass-Through Rate                                6.683160%
Weighted Average Maturity(Stepdown Calculation)                         351

Beginning Scheduled Collateral Loan Count                             5,837
Number Of Loans Paid In Full                                            193
Ending Scheduled Collateral Loan Count                                5,644

Beginning Scheduled Collateral Balance                     1,045,753,560.24
Ending Scheduled Collateral Balance                        1,005,619,825.17
Ending Actual Collateral Balance at 31-Oct-2005            1,005,919,055.25

Monthly P&I Constant                                           6,900,029.26
Special Servicing Fee                                                  0.00
Prepayment Penalties                                             753,180.68
Realized Loss Amount                                                   0.00
Cumulative Realized Loss                                               0.00

Scheduled Principal                                              625,368.13
Unscheduled Principal                                         39,508,366.94

                                                                               
                                                                   [Download Table]
                                                                          
                                                                          

                          Miscellaneous Reporting                         
                                                                          
Credit Enhancement Percentage                                   28.067468%
Senior Specified Enhancement Percentage                         51.399962%
Cumulative Loss Percentage                                       0.000000%
Delinquency Trigger Event                                               NO
Cumulative Loss Trigger Event                                           NO
Trigger Event                                                           NO
Stepdown                                                                NO
Total Monthly Excess Spread                                   1,828,560.51
Specified Subordinated Amount                                38,439,019.15
Subordinated Deficiency Amount                                        0.00
Extra Principal Distribution Payment                                  0.00
Subordinated Increase Amount                                          0.00
Excess Subordinated Amount                                            0.00
Subordinated Reduction Amount                                         0.00
Subordinated Amount                                          38,439,019.15
LIBOR                                                             4.03750%
Swap LIBOR                                                        4.03750%
Net Swap Receipt 1                                            3,202,989.87
Net Swap Payment 1                                            3,359,668.63
Swap Pay In 1                                                         0.00
Swap Pay Out 1                                                  156,678.76
Net Swap Receipt 2                                              471,248.50
Net Swap Payment 2                                              453,618.45
Swap Pay In 2                                                    17,630.05
Swap Pay Out 2                                                        0.00
Cap Agreement Payment (Class M)                                       0.00
Cap Agreement Payment (Class B)                                       0.00
Class A-3 Uncapped Floater Fee                                    6,738.99
Class A-3 Uncapped Floater Payment                                    0.00
Grp III Floor Payment                                                 0.00
Accum Class A-3 Basis Risk Payback                                    0.00
Grp III Loans Not Reached 1st Adj Date                      126,643,433.13
Grp III Loans Not Reached 1st Adj Date %                           100.00%
Grp III Loans Reached 1st Adj Date                                    0.00
Grp III Loans Reached 1st Adj Date %                             0.000000%

                                                                                                                                     [Enlarge/Download Table]

                      Group Level Collateral Statement                                       
                                                                                             
Group                                                  Group 1        Group 1         Group 2
Collateral Description                               Mixed ARM    Mixed Fixed       Mixed ARM
Weighted Average Coupon Rate                          7.081914       8.133087        6.693991
Weighted Average Net Rate                             6.581914       7.633087        6.193991
Weighted Average Maturity                                  350            350             351
Beginning Loan Count                                     2,747          1,501             482
Loans Paid In Full                                          70             51              24
Ending Loan Count                                        2,677          1,450             458
Beginning Scheduled Balance                     525,444,638.20  92,858,986.46  195,374,719.27
Ending Scheduled Balance                        510,155,468.41  89,725,993.37  184,644,083.23
Record Date                                         10/31/2005     10/31/2005      10/31/2005
Principal And Interest Constant                   3,421,477.19     718,299.16    1,176,483.63
Scheduled Principal                                 320,515.87      88,940.63       86,619.71
Unscheduled Principal                            14,968,653.92   3,044,052.46   10,644,016.33
Scheduled Interest                                3,100,961.32     629,358.53    1,089,863.92
Servicing Fees                                      218,935.26      38,691.24       81,406.14
Master Servicing Fees                                     0.00           0.00            0.00
Trustee Fee                                             875.74         154.76          325.62
FRY Amount                                                0.00           0.00            0.00
Special Hazard Fee                                        0.00           0.00            0.00
Other Fee                                             6,568.06       1,160.74        2,442.19
Pool Insurance Fee                                        0.00           0.00            0.00
Spread 1                                                  0.00           0.00            0.00
Spread 2                                                  0.00           0.00            0.00
Spread 3                                                  0.00           0.00            0.00
Net Interest                                      2,874,582.26     589,351.79    1,005,689.97
Realized Loss Amount                                      0.00           0.00            0.00
Cumulative Realized Loss                                  0.00           0.00            0.00
Percentage of Cumulative Losses                         0.0000         0.0000          0.0000
Prepayment Penalties                                      0.00           0.00            0.00
Special Servicing Fee                                     0.00           0.00            0.00
Pass-Through Rate                                     6.564914       7.616087        6.176991
                                                        [Enlarge/Download Table]

                      Group Level Collateral Statement                                           
                                                                                                 
Group                                                  Group 2         Group 3              Total
Collateral Description                             Mixed Fixed       Mixed ARM  Mixed Fixed & Arm
Weighted Average Coupon Rate                          8.251069        7.000578           7.200160
Weighted Average Net Rate                             7.751069        6.500578           6.700160
Weighted Average Maturity                                  351             353                351
Beginning Loan Count                                       712             395              5,837
Loans Paid In Full                                          22              26                193
Ending Loan Count                                          690             369              5,644
Beginning Scheduled Balance                      96,531,855.67  135,543,360.64   1,045,753,560.24
Ending scheduled Balance                         94,450,847.03  126,643,433.13   1,005,619,825.17
Record Date                                         10/31/2005      10/31/2005         10/31/2005
Principal And Interest Constant                     740,306.24      843,463.04       6,900,029.26
Scheduled Principal                                  76,563.73       52,728.19         625,368.13
Unscheduled Principal                             2,004,444.91    8,847,199.32      39,508,366.94
Scheduled Interest                                  663,742.51      790,734.85       6,274,661.13
Servicing Fees                                       40,221.61       56,476.40         435,730.65
Master Servicing Fees                                     0.00            0.00               0.00
Trustee Fee                                             160.89          225.91           1,742.92
FRY Amount                                                0.00            0.00               0.00
Special Hazard Fee                                        0.00            0.00               0.00
Other Fee                                             1,206.65        1,694.29          13,071.93
Pool Insurance Fee                                        0.00            0.00               0.00
Spread 1                                                  0.00            0.00               0.00
Spread 2                                                  0.00            0.00               0.00
Spread 3                                                  0.00            0.00               0.00
Net Interest                                        622,153.36      732,338.25       5,824,115.63
Realized Loss Amount                                      0.00            0.00               0.00
Cumulative Realized Loss                                  0.00            0.00               0.00
Percentage of Cumulative Losses                         0.0000          0.0000             0.0000
Prepayment Penalties                                      0.00            0.00               0.00
Special Servicing Fee                                     0.00            0.00               0.00
Pass-Through Rate                                     7.734069        6.483578           6.683160

                                                        [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
                                                                                               
Total      193     39,629,095.00      39,469,474.32          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
                                                                                                        
Total        0            0.00             0.00         0             0.00            0.00     70,118.01


                                                        [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  1000225962             CA              80.00       01-Apr-2005     268,800.00  268,800.00
Group 1  1000226416             AZ              80.00       01-Apr-2005     164,800.00  164,800.00
Group 1  1000226848             NJ              80.00       01-May-2005     118,400.00  117,797.59
Group 1  1000226955             VA              80.00       01-Apr-2005     124,000.00  123,254.84
Group 1  1000227068             CA              80.00       01-Apr-2005     265,600.00  265,600.00
Group 1  1000227159             NJ              90.00       01-May-2005     186,300.00  185,158.08
Group 1  1000227190             CA              80.00       01-May-2005     344,000.00  341,679.17
Group 1  1000228699             CA              80.00       01-Apr-2005     264,000.00  262,229.58
Group 1  1000229091             AZ              95.00       01-May-2005     152,950.00  152,164.03
Group 1  1000229194             VA              85.00       01-Apr-2005     170,000.00  168,988.48
Group 1  1000230271             CA              85.00       01-May-2005     205,700.00  204,663.83
Group 1  1000230548             AZ              75.00       01-May-2005     315,000.00  313,817.88
Group 1  1000232035             CA              80.00       01-May-2005     196,000.00  194,546.75
Group 1  1000232802             CA              69.57       01-May-2005     160,000.00  159,202.04
Group 1  1000233176             AZ              77.35       01-May-2005     140,000.00  140,000.00
Group 1  1000233339             NM              72.41       01-May-2005     156,400.00  155,722.44
Group 1  1000233540             FL             100.00       01-May-2005     214,000.00  213,203.70
Group 1  1000235185             CA              85.00       01-May-2005     245,650.00  244,412.57
Group 1  1000235302             CA              88.51       01-May-2005     231,000.00  229,715.48
Group 1  1000235393             NY              75.00       01-May-2005     114,750.00  114,198.99
Group 1  1000236328             MI              80.00       01-May-2005      82,400.00   82,400.00
Group 1  1000236368             CA              80.00       01-May-2005     344,000.00  343,323.33
Group 1  1000236522             MD              80.00       01-May-2005      86,400.00   85,942.59
Group 1  5000138378             WI              90.00       01-May-2005     213,300.00  212,267.54
Group 1  5000138780             IL              80.00       01-Apr-2005     228,000.00  226,759.64
Group 1  5000139439             DC              50.56       01-May-2005     300,000.00  298,411.92
Group 1  5000139465             IL              90.00       01-May-2005     189,000.00  187,818.91
Group 1  5000139894             ME              85.00       01-May-2005     127,500.00  126,797.91
Group 1  5000140077             NY              65.33       01-May-2005     245,000.00  244,039.85
Group 1  5000140389             NJ              80.00       01-May-2005     220,000.00  218,684.92
Group 1  5000141829             FL              90.00       01-May-2005     100,080.00   99,595.52
Group 1  6000137652             NJ              90.00       01-May-2005     189,000.00  187,657.58
Group 1  6000139228             NJ             100.00       01-May-2005     385,000.00  382,518.92
Group 1  6000139727             VA              75.00       01-May-2005     127,500.00  127,068.80
Group 1  6000141497             MA              90.00       01-May-2005      96,750.00   96,195.91
Group 1  6000143569             FL             100.00       01-May-2005      89,900.00   89,460.09
Group 1  6000144052             MD              80.00       01-May-2005     156,000.00  155,149.39
Group 1  6000144103             FL              80.00       01-May-2005     176,000.00  176,000.00
Group 1  6000144680             VA              90.00       01-May-2005      86,850.00   86,473.72
Group 1  6000144750             MD              90.00       01-May-2005     346,500.00  344,629.22
Group 1  6000145188             NJ              85.00       01-May-2005     306,000.00  304,031.85
Group 1  6000145432             FL              90.00       01-May-2005     255,600.00  254,246.93
Group 1  6000145630             FL              80.00       01-May-2005     112,800.00  112,275.46
Group 1  6000145698             MD              75.00       01-May-2005     251,250.00  250,205.08
Group 1  6000146189             MD              80.00       01-May-2005     192,800.00  192,800.00
Group 1  6000147767             GA              85.00       01-May-2005     144,639.00  143,865.77
Group 1  6000148773             PA              85.00       01-May-2005      76,500.00   76,165.17
Group 1  7000131506             HI              80.00       01-Apr-2005     412,000.00  408,692.12
Group 1  7000134793             CA              46.12       01-Apr-2005     190,000.00  188,517.14
Group 1  7000135208             HI              85.00       01-Apr-2005     403,750.00  401,464.00
Group 1  7000136563             CA              73.42       01-Apr-2005     330,400.00  328,755.12
Group 1  7000136575             CA              80.00       01-May-2005     182,400.00  182,400.00
Group 1  7000136750             CA              80.00       01-Apr-2005     144,800.00  143,858.76
Group 1  7000137132             HI              80.00       01-May-2005     120,000.00  119,109.76
Group 1  7000137162             NJ              70.00       01-May-2005     266,000.00  263,933.68
Group 1  7000137940             HI              95.00       01-May-2005     202,350.00  201,461.57
Group 1  7000138145             NY              85.00       01-May-2005     289,000.00  286,286.51
Group 1  7000138521             WA              80.00       01-May-2005     142,640.00  141,627.72
Group 1  7000138684             CA              85.00       01-May-2005     255,000.00  253,481.67
Group 1  7000139432             CA              80.00       01-May-2005     204,000.00  204,000.00
Group 1  7000140758             CA              70.00       01-May-2005     276,500.00  275,350.01
Group 1  7000140786             MD              90.00       01-May-2005     193,500.00  192,591.19
Group 1  7000141518             CA              65.00       01-May-2005     207,350.00  207,350.00
Group 1  8000033224             NJ              80.00       01-Mar-2005     292,000.00  289,960.45
Group 1  8000036126             NJ              80.00       01-May-2005     280,000.00  278,787.08
Group 1  8000038133             NJ              90.00       01-May-2005     252,000.00  250,626.00
Group 1  8000038522             NJ              90.00       01-May-2005     243,000.00  241,914.21
Group 1  8000039796             CT              80.00       01-May-2005     184,000.00  183,323.58
Group 1  8000040692             NJ              90.00       01-May-2005     307,800.00  306,425.45
Group 1  8000041224             MA              85.00       01-May-2005     463,250.00  461,050.95
Group 1  1000222366             CA              20.00       01-Apr-2005      34,000.00   33,899.57
Group 1  1000225428             VA              19.79       01-Apr-2005      38,000.00   37,829.11
Group 1  1000227087             CA              20.00       01-Apr-2005      66,400.00   66,158.01
Group 1  1000227130             AZ              20.00       01-Apr-2005      33,000.00   32,882.81
Group 1  1000227246             CA              20.00       01-Apr-2005      55,000.00   54,780.96
Group 1  1000227631             CA               5.00       01-Apr-2005      15,000.00   14,459.69
Group 1  1000227709             CA              20.00       01-Apr-2005      49,971.00   49,768.78
Group 1  1000227735             CA              20.00       01-Apr-2005      45,980.00   45,761.72
Group 1  1000229856             CA              20.00       01-May-2005      40,000.00   39,889.03
Group 1  1000231459             NM              20.00       01-May-2005      38,500.00   38,406.90
Group 1  1000231640             MD              20.00       01-May-2005      47,800.00   47,663.46
Group 1  1000232131             CA              53.33       01-May-2005     160,000.00  158,961.01
Group 1  1000232245             VA              80.00       01-May-2005     325,600.00  323,638.71
Group 1  1000232449             CA              20.00       01-May-2005      48,000.00   47,862.58
Group 1  1000233291             CA               5.00       01-May-2005      15,460.00   15,203.98
Group 1  1000233296             AZ              19.34       01-May-2005      35,000.00   34,876.58
Group 1  1000237119             CA              20.00       01-May-2005      65,000.00   64,770.78
Group 1  5000137137             IL               5.00       01-Apr-2005      10,992.00      500.47
Group 1  5000140516             FL              20.00       01-May-2005      20,580.00   20,246.80
Group 1  5000144110             IL              20.00       01-May-2005      42,333.00   41,828.46
Group 1  6000115837             FL              10.00       01-Nov-2004      15,608.00   15,055.75
Group 1  6000134002             FL              20.00       01-Mar-2005      26,200.00   26,113.70
Group 1  6000134133             MA               5.00       01-Nov-2004      10,750.00    9,851.59
Group 1  6000134143             VA              20.00       01-Mar-2005      29,000.00   28,911.39
Group 1  6000137304             NY               5.00       01-May-2005      16,995.00   16,762.20
Group 1  6000142149             MD              20.00       01-Apr-2005      42,000.00   41,816.34
Group 1  6000144738             PA              20.00       01-May-2005      21,180.00   20,966.06
Group 1  6000146273             FL               5.00       01-May-2005       6,945.00    6,729.62
Group 1  6000147504             MD              20.00       01-May-2005      45,000.00   44,860.76
Group 1  6000148044             FL              20.00       01-May-2005      33,000.00   32,788.13
Group 1  7000129828             WA              20.00       01-Mar-2005      40,990.00   40,697.31
Group 1  7000131153             NV              20.00       01-Mar-2005      48,753.00   48,594.95
Group 1  7000131285             HI              20.00       01-Mar-2005      47,955.00   47,697.98
Group 1  7000131362             HI              20.00       01-Mar-2005      60,000.00   59,695.98
Group 1  7000131745             HI              20.00       01-Apr-2005     103,000.00  102,593.98
Group 1  7000132291             VA              20.00       01-Mar-2005      49,000.00   48,832.39
Group 1  7000133107             AZ              20.00       01-Apr-2005      63,180.00   62,983.57
Group 1  7000133404             WA              20.00       01-Mar-2005      45,000.00   44,802.45
Group 1  7000133585             WA              20.00       01-Mar-2005      41,000.00   40,799.48
Group 1  7000134187             OR              20.00       01-Apr-2005      27,400.00   27,276.82
Group 1  7000134540             CA              20.00       01-Apr-2005      69,998.00   69,118.26
Group 1  7000134906             CA              20.00       01-Apr-2005      52,600.00   52,363.49
Group 1  7000137596             MA              20.00       01-Apr-2005      64,000.00   63,831.67
Group 1  7000138556             MD              20.00       01-May-2005      36,000.00   35,888.64
Group 1  7000138753             CA              15.00       01-May-2005      55,050.00   54,811.50
Group 1  7000138862             CA              20.00       01-May-2005      65,400.00   65,249.36
Group 1  7000139362             WA              20.00       01-May-2005      47,800.00   47,647.88
Group 1  7000140293             HI              69.09       01-May-2005     380,000.00  377,715.41
Group 1  8000032680             NJ              19.56       01-Mar-2005      44,780.00   44,618.19
Group 1  8000034374             MA              20.00       01-Mar-2005      65,000.00   64,651.63
Group 1  8000040178             NJ              66.01       01-May-2005     211,900.00  210,671.60
Group 2  1000228420             CA              80.00       01-Apr-2005     395,920.00  395,920.00
Group 2  1000229083             CA              80.00       01-Apr-2005     676,000.00  676,000.00
Group 2  1000230495             CA              95.00       01-May-2005     242,250.00  240,832.68
Group 2  1000230835             CA              80.00       01-May-2005     597,600.00  597,600.00
Group 2  1000231576             MD              80.00       01-May-2005     191,200.00  191,200.00
Group 2  1000231577             CA              64.69       01-May-2005     207,000.00  206,999.90
Group 2  1000231953             CA              69.57       01-May-2005     560,000.00  560,000.00
Group 2  1000232413             CA              80.00       01-May-2005     192,000.00  192,000.00
Group 2  1000232678             CA              80.00       01-May-2005     380,000.00  380,000.00
Group 2  1000232859             FL              80.00       01-May-2005     411,176.00  411,176.00
Group 2  1000235180             NJ              80.00       01-May-2005     472,000.00  468,821.06
Group 2  1000235863             CA              77.40       01-May-2005     387,000.00  387,000.00
Group 2  1000236971             CA              77.06       01-May-2005     440,000.00  440,000.00
Group 2  1000237465             CA              80.00       01-May-2005     416,400.00  416,400.00
Group 2  5000136176             MD              84.93       01-May-2005     586,000.00  579,597.13
Group 2  5000140683             IL              80.00       01-May-2005     568,000.00  565,195.26
Group 2  5000142037             AZ              90.00       01-May-2005     616,500.00  613,236.59
Group 2  6000141349             MD              65.00       01-May-2005     382,200.00  381,269.15
Group 2  6000141593             NJ              90.00       01-May-2005     684,000.00  680,450.20
Group 2  7000138490             CA              80.00       01-May-2005     399,600.00  399,600.00
Group 2  7000139003             CA              65.00       01-May-2005     393,250.00  392,065.63
Group 2  7000140138             CA              80.00       01-May-2005     624,000.00  621,367.56
Group 2  8000033188             MA              80.00       01-Apr-2005     480,000.00  479,878.50
Group 2  8000039399             NJ              80.00       01-May-2005     360,000.00  358,271.43
Group 2  1000227342             CA               5.00       01-Apr-2005      26,000.00   24,813.67
Group 2  1000228334             NV              20.00       01-Apr-2005      73,000.00   72,712.19
Group 2  1000229125             CA              10.00       01-Apr-2005      84,500.00   83,747.03
Group 2  1000230134             CA              20.00       01-Apr-2005     109,980.00  109,485.52
Group 2  1000231322             CA              20.00       01-May-2005     176,000.00  175,455.71
Group 2  1000231999             CA              20.00       01-May-2005      83,600.00   83,198.56
Group 2  1000232269             VA              20.00       01-May-2005      81,400.00   81,140.94
Group 2  1000232705             CA              20.00       01-May-2005      95,000.00   94,628.42
Group 2  1000234334             CA               5.00       01-May-2005      38,250.00   17,492.87
Group 2  5000136982             MI              20.00       01-Apr-2005     118,500.00  118,150.15
Group 2  6000137404             FL              10.00       01-Apr-2005      36,326.00   36,158.77
Group 2  6000145987             FL              10.00       01-May-2005      39,500.00   39,334.48
Group 2  6000146192             NJ              69.60       01-May-2005     150,000.00  149,165.86
Group 2  7000127605             NJ              20.00       01-Mar-2005      84,000.00   83,663.08
Group 2  7000130818             CA              20.00       01-Mar-2005     101,000.00  100,559.73
Group 2  7000137643             CA              20.00       01-May-2005      95,884.00   95,578.84
Group 2  7000138824             CA              20.00       01-May-2005     106,000.00  105,680.75
Group 2  7000139548             CA              20.00       01-May-2005     132,400.00  132,041.55
Group 2  8000032224             NJ              85.00       01-Mar-2005     140,250.00  139,539.42
Group 2  8000036634             MA              20.00       01-Apr-2005      86,000.00   85,818.32
Group 2  8000038032             NJ              65.84       01-May-2005     160,000.00  159,334.53
Group 2  8000038173             NJ               5.00       01-May-2005      14,000.00   13,567.11
Group 3  1000217532             MA              70.00       01-Mar-2005     291,200.00  289,998.67
Group 3  1000220502             NY              63.22       01-Mar-2005     275,000.00  273,855.24
Group 3  1000227351             CA              65.00       01-Apr-2005     123,500.00  123,045.22
Group 3  1000228257             CA              80.00       01-Apr-2005     576,000.00  576,000.00
Group 3  1000229005             AZ              44.42       01-May-2005     100,000.00   99,772.25
Group 3  1000230529             VA              80.00       01-May-2005     400,000.00  400,000.00
Group 3  1000232776             CA              80.00       01-May-2005     216,000.00  215,996.00
Group 3  1000232932             MD              70.00       01-May-2005     157,500.00  156,989.22
Group 3  1000233777             CA              80.00       01-May-2005     716,800.00  716,800.00
Group 3  1000234219             CA              85.00       01-May-2005     391,000.00  388,311.44
Group 3  5000141083             IL              90.00       01-May-2005     391,500.00  389,146.31
Group 3  5000141139             AZ              80.00       01-May-2005     114,000.00  114,000.00
Group 3  5000142259             NJ              62.82       01-May-2005     153,900.00  153,553.39
Group 3  5000142277             MA              85.00       01-May-2005     446,250.00  443,033.14
Group 3  6000141006             MD              70.00       01-May-2005     210,000.00  209,400.21
Group 3  6000141586             NJ              90.00       01-May-2005     661,500.00  658,167.82
Group 3  6000146973             MD              70.00       01-May-2005      87,150.00   86,884.69
Group 3  7000132472             CA              74.06       01-Apr-2005     255,500.00  254,392.15
Group 3  7000134552             NY              90.00       01-May-2005     432,000.00  429,593.02
Group 3  7000135091             CA              80.00       01-Apr-2005     400,000.00  400,000.00
Group 3  7000139210             DC              85.00       01-May-2005     531,250.00  528,829.16
Group 3  7000139212             CA              90.00       01-May-2005     391,500.00  389,169.04
Group 3  8000032913             MA              90.00       01-Mar-2005     531,900.00  527,764.87
Group 3  8000038584             NJ              74.59       01-May-2005     273,750.00  272,843.40
Group 3  8000038862             NJ              75.00       01-May-2005     296,250.00  295,268.95
Group 3  8000039324             NJ              80.00       01-May-2005     452,000.00  449,790.22


                                                        [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  1000225962       Loan Paid in Full           0              5.500%            360          7
Group 1  1000226416       Loan Paid in Full          (1)             6.950%            360          7
Group 1  1000226848       Loan Paid in Full           0              7.700%            360          6
Group 1  1000226955       Loan Paid in Full          (1)             7.550%            360          7
Group 1  1000227068       Loan Paid in Full           0              6.050%            360          7
Group 1  1000227159       Loan Paid in Full           0              6.750%            360          6
Group 1  1000227190       Loan Paid in Full          (1)             6.250%            360          6
Group 1  1000228699       Loan Paid in Full          (1)             6.990%            360          7
Group 1  1000229091       Loan Paid in Full           0              7.650%            360          6
Group 1  1000229194       Loan Paid in Full          (1)             7.600%            360          7
Group 1  1000230271       Loan Paid in Full           0              7.750%            360          6
Group 1  1000230548       Loan Paid in Full           0              9.200%            360          6
Group 1  1000232035       Loan Paid in Full          (1)             5.750%            360          6
Group 1  1000232802       Loan Paid in Full           0              7.800%            360          6
Group 1  1000233176       Loan Paid in Full          (1)             6.450%            360          6
Group 1  1000233339       Loan Paid in Full           0              8.500%            360          6
Group 1  1000233540       Loan Paid in Full           0              9.250%            360          6
Group 1  1000235185       Loan Paid in Full           0              7.750%            360          6
Group 1  1000235302       Loan Paid in Full           0              7.250%            360          6
Group 1  1000235393       Loan Paid in Full           0              7.990%            360          6
Group 1  1000236328       Loan Paid in Full           0              6.300%            360          6
Group 1  1000236368       Loan Paid in Full           0              6.500%            360          6
Group 1  1000236522       Loan Paid in Full          (1)             7.500%            360          6
Group 1  5000138378       Loan Paid in Full           0              7.950%            360          6
Group 1  5000138780       Loan Paid in Full           0              8.050%            360          7
Group 1  5000139439       Loan Paid in Full           0              7.500%            360          6
Group 1  5000139465       Loan Paid in Full           0              6.650%            360          6
Group 1  5000139894       Loan Paid in Full           0              7.300%            360          6
Group 1  5000140077       Loan Paid in Full           0              8.990%            360          6
Group 1  5000140389       Loan Paid in Full           0              7.750%            360          6
Group 1  5000141829       Loan Paid in Full           0              7.950%            360          6
Group 1  6000137652       Loan Paid in Full          (1)             7.500%            360          6
Group 1  6000139228       Loan Paid in Full          (1)             6.490%            360          6
Group 1  6000139727       Loan Paid in Full           0              9.700%            360          6
Group 1  6000141497       Loan Paid in Full           0              7.100%            360          6
Group 1  6000143569       Loan Paid in Full          (1)             7.900%            360          6
Group 1  6000144052       Loan Paid in Full          (1)             7.350%            360          6
Group 1  6000144103       Loan Paid in Full           0              7.600%            360          6
Group 1  6000144680       Loan Paid in Full           1              8.500%            360          6
Group 1  6000144750       Loan Paid in Full           0              7.400%            360          6
Group 1  6000145188       Loan Paid in Full           0              6.500%            360          6
Group 1  6000145432       Loan Paid in Full           0              7.500%            360          6
Group 1  6000145630       Loan Paid in Full           0              8.150%            360          6
Group 1  6000145698       Loan Paid in Full           0              8.700%            360          6
Group 1  6000146189       Loan Paid in Full           0              6.050%            360          6
Group 1  6000147767       Loan Paid in Full           0              7.450%            360          6
Group 1  6000148773       Loan Paid in Full           0              8.450%            360          6
Group 1  7000131506       Loan Paid in Full           0              6.050%            360          7
Group 1  7000134793       Loan Paid in Full          (1)             6.200%            360          7
Group 1  7000135208       Loan Paid in Full          (1)             7.850%            360          7
Group 1  7000136563       Loan Paid in Full           0              8.490%            360          7
Group 1  7000136575       Loan Paid in Full           0              5.600%            360          6
Group 1  7000136750       Loan Paid in Full           0              7.150%            360          7
Group 1  7000137132       Loan Paid in Full           0              6.750%            360          6
Group 1  7000137162       Loan Paid in Full           0              5.500%            360          6
Group 1  7000137940       Loan Paid in Full           0              7.650%            360          6
Group 1  7000138145       Loan Paid in Full           0              6.400%            360          6
Group 1  7000138521       Loan Paid in Full           0              5.990%            360          6
Group 1  7000138684       Loan Paid in Full          (1)             6.900%            360          6
Group 1  7000139432       Loan Paid in Full           0              6.050%            360          6
Group 1  7000140758       Loan Paid in Full           0              8.700%            360          6
Group 1  7000140786       Loan Paid in Full          (1)             8.100%            360          6
Group 1  7000141518       Loan Paid in Full          (1)             6.100%            360          6
Group 1  8000033224       Loan Paid in Full           0              7.400%            360          8
Group 1  8000036126       Loan Paid in Full           0              8.500%            360          6
Group 1  8000038133       Loan Paid in Full           0              7.350%            360          6
Group 1  8000038522       Loan Paid in Full           0              8.350%            360          6
Group 1  8000039796       Loan Paid in Full           0              8.650%            360          6
Group 1  8000040692       Loan Paid in Full           0              8.350%            360          6
Group 1  8000041224       Loan Paid in Full           0              8.050%            360          6
Group 1  1000222366       Loan Paid in Full           0             10.990%            360          7
Group 1  1000225428       Loan Paid in Full           0              8.990%            360          7
Group 1  1000227087       Loan Paid in Full           0             10.000%            360          7
Group 1  1000227130       Loan Paid in Full           0             10.125%            360          7
Group 1  1000227246       Loan Paid in Full          (1)             9.600%            360          7
Group 1  1000227631       Loan Paid in Full          (1)            12.000%            120          7
Group 1  1000227709       Loan Paid in Full          (1)             9.500%            360          7
Group 1  1000227735       Loan Paid in Full          (1)             8.725%            360          7
Group 1  1000229856       Loan Paid in Full           0             11.250%            360          6
Group 1  1000231459       Loan Paid in Full          (1)            11.275%            360          6
Group 1  1000231640       Loan Paid in Full          (1)            10.500%            360          6
Group 1  1000232131       Loan Paid in Full           0              6.450%            360          6
Group 1  1000232245       Loan Paid in Full          (1)             6.840%            360          6
Group 1  1000232449       Loan Paid in Full           0             10.490%            360          6
Group 1  1000233291       Loan Paid in Full           0             10.500%            180          6
Group 1  1000233296       Loan Paid in Full          (1)             9.500%            360          6
Group 1  1000237119       Loan Paid in Full           0              9.500%            360          6
Group 1  5000137137       Loan Paid in Full          (1)            12.250%            120          7
Group 1  5000140516       Loan Paid in Full          (1)            10.750%            180          6
Group 1  5000144110       Loan Paid in Full          (1)            10.990%            360          6
Group 1  6000115837       Loan Paid in Full          (1)             9.000%            180         12
Group 1  6000134002       Loan Paid in Full           0             11.050%            360          8
Group 1  6000134133       Loan Paid in Full          (1)            11.990%            120         12
Group 1  6000134143       Loan Paid in Full          (1)            11.400%            360          8
Group 1  6000137304       Loan Paid in Full           0             12.250%            180          6
Group 1  6000142149       Loan Paid in Full          (1)             9.125%            360          7
Group 1  6000144738       Loan Paid in Full           0              9.475%            240          6
Group 1  6000146273       Loan Paid in Full          (1)            12.250%            120          6
Group 1  6000147504       Loan Paid in Full          (1)            10.125%            360          6
Group 1  6000148044       Loan Paid in Full          (1)            10.875%            360          6
Group 1  7000129828       Loan Paid in Full          (1)             9.000%            360          8
Group 1  7000131153       Loan Paid in Full          (1)            11.125%            360          8
Group 1  7000131285       Loan Paid in Full          (1)             8.725%            360          8
Group 1  7000131362       Loan Paid in Full          (1)             9.000%            360          8
Group 1  7000131745       Loan Paid in Full           0              9.625%            360          7
Group 1  7000132291       Loan Paid in Full          (1)            10.875%            360          8
Group 1  7000133107       Loan Paid in Full           0             10.750%            360          7
Group 1  7000133404       Loan Paid in Full           0             11.400%            360          8
Group 1  7000133585       Loan Paid in Full           0             10.980%            360          8
Group 1  7000134187       Loan Paid in Full          (1)             8.990%            360          7
Group 1  7000134540       Loan Paid in Full           0             10.125%            360          7
Group 1  7000134906       Loan Paid in Full           0              8.990%            360          7
Group 1  7000137596       Loan Paid in Full           0             11.525%            360          7
Group 1  7000138556       Loan Paid in Full           1             10.125%            360          6
Group 1  7000138753       Loan Paid in Full          (1)             8.500%            360          6
Group 1  7000138862       Loan Paid in Full          (1)            11.500%            360          6
Group 1  7000139362       Loan Paid in Full           0              9.990%            360          6
Group 1  7000140293       Loan Paid in Full           0              6.850%            360          6
Group 1  8000032680       Loan Paid in Full          (1)            10.625%            360          8
Group 1  8000034374       Loan Paid in Full           0              8.725%            360          8
Group 1  8000040178       Loan Paid in Full          (1)             7.400%            360          6
Group 2  1000228420       Loan Paid in Full           0              6.200%            360          7
Group 2  1000229083       Loan Paid in Full           0              5.550%            360          7
Group 2  1000230495       Loan Paid in Full           0              6.990%            360          6
Group 2  1000230835       Loan Paid in Full           0              6.800%            360          6
Group 2  1000231576       Loan Paid in Full          (1)             6.450%            360          6
Group 2  1000231577       Loan Paid in Full          (1)             5.900%            360          6
Group 2  1000231953       Loan Paid in Full          (1)             6.200%            360          6
Group 2  1000232413       Loan Paid in Full           0              6.450%            360          6
Group 2  1000232678       Loan Paid in Full          (1)             5.200%            360          6
Group 2  1000232859       Loan Paid in Full          (1)             6.500%            360          6
Group 2  1000235180       Loan Paid in Full          (1)             6.259%            360          6
Group 2  1000235863       Loan Paid in Full          (1)             5.250%            360          6
Group 2  1000236971       Loan Paid in Full           0              5.750%            360          6
Group 2  1000237465       Loan Paid in Full          (1)             6.000%            360          6
Group 2  5000136176       Loan Paid in Full           0              5.990%            360          6
Group 2  5000140683       Loan Paid in Full           0              7.850%            360          6
Group 2  5000142037       Loan Paid in Full          (1)             7.500%            360          6
Group 2  6000141349       Loan Paid in Full           0             11.250%            360          6
Group 2  6000141593       Loan Paid in Full          (1)             7.600%            360          6
Group 2  7000138490       Loan Paid in Full           0              5.700%            360          6
Group 2  7000139003       Loan Paid in Full          (1)            10.250%            360          6
Group 2  7000140138       Loan Paid in Full           0              7.850%            360          6
Group 2  8000033188       Loan Paid in Full           0              7.400%            360          7
Group 2  8000039399       Loan Paid in Full          (1)             7.990%            360          6
Group 2  1000227342       Loan Paid in Full          (1)            11.500%            180          7
Group 2  1000228334       Loan Paid in Full          (1)             9.625%            360          7
Group 2  1000229125       Loan Paid in Full           0              8.990%            360          7
Group 2  1000230134       Loan Paid in Full           0              8.990%            360          7
Group 2  1000231322       Loan Paid in Full           0             10.125%            360          6
Group 2  1000231999       Loan Paid in Full          (1)             7.990%            360          6
Group 2  1000232269       Loan Paid in Full          (1)             9.990%            360          6
Group 2  1000232705       Loan Paid in Full          (1)             9.000%            360          6
Group 2  1000234334       Loan Paid in Full          (1)            11.750%            180          6
Group 2  5000136982       Loan Paid in Full           0             10.990%            360          7
Group 2  6000137404       Loan Paid in Full          (1)             8.875%            360          7
Group 2  6000145987       Loan Paid in Full           0              8.725%            360          6
Group 2  6000146192       Loan Paid in Full           0              7.250%            360          6
Group 2  7000127605       Loan Paid in Full          (1)            10.125%            360          8
Group 2  7000130818       Loan Paid in Full           0             10.250%            360          8
Group 2  7000137643       Loan Paid in Full          (1)             9.990%            360          6
Group 2  7000138824       Loan Paid in Full           0             10.250%            360          6
Group 2  7000139548       Loan Paid in Full          (1)            10.750%            360          6
Group 2  8000032224       Loan Paid in Full           0              9.000%            360          8
Group 2  8000036634       Loan Paid in Full           0             12.525%            360          7
Group 2  8000038032       Loan Paid in Full          (1)             8.700%            360          6
Group 2  8000038173       Loan Paid in Full           0             12.250%            120          6
Group 3  1000217532       Loan Paid in Full           0              9.990%            360          8
Group 3  1000220502       Loan Paid in Full           0              9.950%            360          8
Group 3  1000227351       Loan Paid in Full           0              9.950%            360          7
Group 3  1000228257       Loan Paid in Full          (1)             6.500%            360          7
Group 3  1000229005       Loan Paid in Full          (1)            11.550%            360          6
Group 3  1000230529       Loan Paid in Full          (1)             6.990%            360          6
Group 3  1000232776       Loan Paid in Full          (1)             5.750%            360          6
Group 3  1000232932       Loan Paid in Full           0              9.900%            360          6
Group 3  1000233777       Loan Paid in Full           0              7.500%            360          6
Group 3  1000234219       Loan Paid in Full           0              6.150%            360          6
Group 3  5000141083       Loan Paid in Full           0              6.850%            360          6
Group 3  5000141139       Loan Paid in Full           0              7.150%            360          6
Group 3  5000142259       Loan Paid in Full           0             11.750%            360          6
Group 3  5000142277       Loan Paid in Full          (1)             5.900%            360          6
Group 3  6000141006       Loan Paid in Full           0             10.500%            360          6
Group 3  6000141586       Loan Paid in Full          (1)             7.750%            360          6
Group 3  6000146973       Loan Paid in Full           0             10.200%            360          6
Group 3  7000132472       Loan Paid in Full           0              9.150%            360          7
Group 3  7000134552       Loan Paid in Full          (1)             7.250%            360          6
Group 3  7000135091       Loan Paid in Full           0              5.890%            360          7
Group 3  7000139210       Loan Paid in Full           0              8.250%            360          6
Group 3  7000139212       Loan Paid in Full          (1)             6.900%            360          6
Group 3  8000032913       Loan Paid in Full           0              6.850%            360          8
Group 3  8000038584       Loan Paid in Full          (2)             9.800%            360          6
Group 3  8000038862       Loan Paid in Full           0              9.800%            360          6
Group 3  8000039324       Loan Paid in Full           0              7.900%            360          6


                                                        [Enlarge/Download Table]

                                            Prepayment - Voluntary Prepayments                                             


Summary                                                                                                                    
   SMM                                     CPR                                      PSA                                    
                                                                                                                           
   Current Month              3.780%       Current Month             37.025%        Current Month               2,974.308% 
   3 Month Average            0.000%       3 Month Average            0.000%        3 Month Average                 0.000% 
   12 Month Average           0.000%       12 Month Average           0.000%        12 Month Average                0.000% 



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

         Dec-2004          N/A           N/A                          Dec-2004          N/A           N/A                  
         Jan-2005          N/A           N/A                          Jan-2005          N/A           N/A                  
         Feb-2005          N/A           N/A                          Feb-2005          N/A           N/A                  
         Mar-2005          N/A           N/A                          Mar-2005          N/A           N/A                  
         Apr-2005          N/A           N/A                          Apr-2005          N/A           N/A                  
         May-2005          N/A           N/A                          May-2005          N/A           N/A                  
         Jun-2005          N/A           N/A                          Jun-2005          N/A           N/A                  
         Jul-2005          N/A           N/A                          Jul-2005          N/A           N/A                  
         Aug-2005          N/A           N/A                          Aug-2005          N/A           N/A                  
         Sep-2005          N/A           N/A                          Sep-2005          N/A           N/A                  
         Oct-2005      37.577%           N/A                          Oct-2005   3,594.672%           N/A                  
         Nov-2005      37.025%           N/A                          Nov-2005   2,974.308%           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
                                                                                          
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.        
                                                                                                                          

         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005             N/A             N/A                     Aug-2005              N/A               N/A         
         Sep-2005             N/A             N/A                     Sep-2005              N/A               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         
         Nov-2005          0.000%             N/A                     Nov-2005           0.000%               N/A         

*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.        
                                                                                                                          

         Dec-2004             N/A             N/A                     Dec-2004              N/A               N/A         
         Jan-2005             N/A             N/A                     Jan-2005              N/A               N/A         
         Feb-2005             N/A             N/A                     Feb-2005              N/A               N/A         
         Mar-2005             N/A             N/A                     Mar-2005              N/A               N/A         
         Apr-2005             N/A             N/A                     Apr-2005              N/A               N/A         
         May-2005             N/A             N/A                     May-2005              N/A               N/A         
         Jun-2005             N/A             N/A                     Jun-2005              N/A               N/A         
         Jul-2005             N/A             N/A                     Jul-2005              N/A               N/A         
         Aug-2005             N/A             N/A                     Aug-2005              N/A               N/A         
         Sep-2005             N/A             N/A                     Sep-2005              N/A               N/A         
         Oct-2005          0.000%             N/A                     Oct-2005           0.000%               N/A         
         Nov-2005          0.000%             N/A                     Nov-2005           0.000%               N/A         

*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:	12/5/05	None on these Dates
For Period End:	11/25/05
		List all Filings

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Filing Submission 0001056404-05-004212 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Securitized Asset Backed Receivables LLC Trust 2005-FR4 – ‘8-K’ for 11/25/05

On: Monday, 12/5/05, at 11:44am ET · For: 11/25/05 · Accession #: 1056404-5-4212 · File #: 333-123990-01

Previous ‘8-K’: ‘8-K’ on 10/28/05 for 10/25/05 · Next & Latest: ‘8-K’ on 1/5/06 for 12/27/05

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Dates Referenced Herein

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