Item 1. Business.
Not applicable.
Item 1A.
Item 1A. Risk Factors.
Not applicable.
Item 1B.
Item 1B. Unresolved Staff Comments.
Not applicable.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the trust created under the Pooling and Servicing Agreement (the Trust), the Trustee, the Master Servicer, the Securities Administrator or the registrant with respect to the Trust other than routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
No established public trading market for the Certificates exists.
Records provided to the Trust by the DTC and the Securities Administrator indicate that as of December 31, 2005, the total number of holders of record for the Series of Certificates is 26.
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 9A.
Item 9A. Controls and Procedures. Not applicable.
Item 9B.
Item 9B. Other Information.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(a) The following is a list of documents field as part of this Annual Report on Form 10-K:
(4.1) Pooling and Servicing Agreement (filed as an exhibit to Form 8-K on January 17, 2006).
(31.1) Rule 13a-14(a)/15d-14(a) Certification
(99.1) Annual Report of Independent Registered Public Accounting Firm concerning servicing activities for the year ended December 31, 2005.
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 2005.
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreement for the year ended December 31, 2005.
(99.4) Schedule of Year-to-Date Principal and Interest Distributions to Certificateholders.
Not Applicable.
(b) The exhibits required to be filed by Registrant pursuant to Item 601 of Regulation S-K are listed above and in the Exhibit Index that immediately follows the signature page hereof.
(c) Not Applicable.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized:
Banc of America Funding Corporation Mortgage Pass-Through Certificates Series 2005-8 (Registrant)
Signed: Wells Fargo Bank, N.A., as Master Servicer
By: Chris Regnier, Vice President
By: /s/ Chris Regnier, Vice President
Dated: March 29, 2006
Exhibit Index
Exhibit No.
(4.1) Pooling and Servicing Agreement (filed as an exhibit to Form 8-K on January 17, 2006).
(31.1) Rule 13a-14(a)/15d-14(a) Certification
(99.1) Annual Report of Independent Registered Public Accounting Firm concerning servicing activities for the year ended December 31, 2005.
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 2005.
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreement for the year ended December 31, 2005.
(99.4) Schedule of Year-to-Date Principal and Interest Distributions to Certificateholders.
Not Applicable.
Ex-31.1 Rule 13a-14(a)/15d-14(a) Certification
Banc of America Funding Corporation Mortgage Pass Through Certificates, Series 2005-8
I, Chris Regnier, a Vice President of Wells Fargo Bank, N.A., certify that:
1. I have reviewed this annual report on Form 10-K, and all monthly current reports on Form 8-K's containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of the Banc of America Funding 2005-8 Trust formed pursuant to the Pooling and Servicing Agreement, dated December 29, 2005 (the "Agreement"), among Banc of America Funding Corporation, as depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") and securities administrator (the "Securities Administrator"), and Wachovia Bank, National Association, as trustee;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the Securities Administrator by the Master Servicer under the Agreement for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the Master Servicer under the Agreement and based upon my knowledge and the annual compliance review required under the Agreement, and except as disclosed in the reports, the Master Servicer has fulfilled its obligations under the Agreement; and
5. The reports disclose all significant deficiencies relating to the servicers' compliance with the minimum servicing standards based upon the reports provided by independent public accountants, after conducting reviews in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the Agreement, that are included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: GMAC Mortgage Corporation, National City Mortgage Co., PHH Mortgage Corporation, Residential Funding Corporation, SunTrust Mortgage, Inc. and Washington Mutual Bank.
Date: March 29, 2006
/s/ Chris Regnier Signature
Vice President Title
EX-99.1 (a) (logo) PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471 3000 Facsimile (813) 286 6000
Report of Independent Accountants
To the Board of Directors and Stockholder of GMAC Mortgage Corporation:
We have examined management's assertion about GMAC Mortgage Corporation and its subsidiaries (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year ended December 31, 2005 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was performed in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.
/s/ PricewaterhouseCoopers LLP
March 21, 2006
(page)
Exhibit 1
(logo)GMAC Mortgage
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
March 21, 2006
As of and for the year ended December 31, 2005, GMAC Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amounts of $350,000,000 and $100,000,000 respectively.
/s/ Jim Hillsman Jim Hillsman Chief Operating Officer GMAC Residential Holding Corp
/s/ Dave Bricker Dave Bricker Chief Financial Officer GMAC Residential Holding Corp
/s/ Tony Renzi Tony Renzi Executive Vice President, National Servicing Administration GMAC Residential Holding Corp
EX-99.1 (b) (logo) ERNST&YOUNG
*Ernst & Young LLP Suite 1300 925 Euclid Avenue Cleveland, OH 44115
*Phone: (216)861-5000 www.ey.com
Report on Management's Assertion on Compliance with the Specified Minimum Servicing Standards Set Forth in the Uniform Single Attestation Program for Mortgage Bankers
Report of Independent Accountants
Board of Directors National City Mortgage Co.
We have examined management's assertion, included in the accompanying report titled Report of Management, that National City Mortgage Co.(NCM) complied with the minimum servicing standards identified in Exhibit A to the Report of Management (the specific minimum servicing standards) as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers during the year-ended December 31, 2005. Management is responsible for NCM's compliance with the specified minimum servicing standards. Our responsibility is to express an opinion on management's assertions about NCM's compliance based on our examination.
Our examination was made in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about NCM's compliance with the specified minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on NCM's compliance with specified minimum servicing standards.
In our opinion, management's assertion that NCM complied with the aforementioned specified minimum servicing standards during the year ended December 31, 2005, is fairly stated, in all material respects.
/s/ Ernst & Young LLP
March 1, 2006
A Member Practice of Earnst & Young Global
(page)
Exhibit A
Minimum Servicing Standards
Custodial Bank Accounts
Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall be mathematically accurate, be prepared within forty-five (30) calendar days after the cutoff date. The cutoff date is the date as of which a bank account is reconciled every month. It may, or may not, coincide with a prescribed investor reporting date but shall be consistent from period to period, be reviewed and approved by someone other than the person who prepared the reconciliation and document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.
Procedure:
The bank reconciliation processors have no reporting or remitting authority or responsibility. They are responsible for reporting reconciling items greater than 90 days to the supervisor. Because of this, the supervisor and manager review all the clearing accounts, any account with reconciling items greater than 90 days, and accounts with an overdrawn balance only.
All of the custodial accounts are reconciled each month, with any outstanding items over 90 days reported to supervision for their review. They are reconciled within 30 days.
After all accounts are reconciled, * The bank recon log which records the all accounts and the date the reconciliation is completed is given to the Supervisor of the area. * Any custodial account which has items 90 days outstanding is indicated in red on the log and that month's reconciliation is given with the log to the Supervisor.
The reconciliation log is given to the supervisor who verifies all accounts are reconciled within the time frames. Each clearing account is reviewed by the Supervisor for validity, verifying the reconciliation is complete and accurate, using any system reports if they are applicable. The Supervisor signs off on the bottom of each reconciliation and dates the document.
After all accounts are reviewed and any memos are prepared and signed off, all of the reconciliations and the reconciliation log are then forwarded to the Vice President of Investor Services for a second review and signoff.
All private pool investor (recon 660) and GSE principal and interest custodial account reconciliations are reviewed and signed off on by the supervisor. Also, the manager selects 10 accounts per month at random for review.
Mortgage Payments
Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two (2) business days of receipt. Mortgage payments made in accordance with
(page)
the mortgagor's loan documents shall be posted to the applicable mortgagor records within two (2) business days of receipt. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor's loan documents. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents.
Procedure:
NCM receives mortgage payments from their customers through the following channels: Lockbox, EFT, Over-the-Counter [OTC are payments made at a National City Bank branch], In-House payments [payments received from other departments or directly mailed to NCM], and Electronic Transmissions [payments received electronically from vendors such as SpeedPay, CheckFree, Metavante, Princeton eCom, On-Line Resources and Western Union Quick Collect]. All customer payments made via Lockbox, EFT, Over-the-Counter, In-House and Electronic Transmissions are ultimately transferred to the NCMC Collection Clearing Account (DDA # 2532529). The Collection Clearing account activity is balanced to Exact transaction reports on a daily basis by Payment Services. These reports are retrieved from a bank reporting service. The Collection Clearing account is also balanced to the bank statement monthly by Investor Services, who has no payment posting authority.
Each day, balancing processors ensure that the payments received from the channels noted above are deposited into the related bank clearing accounts and that the borrower's payment information has been updated to MSP [Fidelity].
All payments received by National City Mortgage are updated within two (2) business days or less. Below is a description by payment channel. * Lockbox has an SLA [Service Level Agreement] with NCM that 100% of matched payments will be processed same day. The remaining, exception payments will be processed 100% the next day. * EFT payments are processed electronically on their scheduled date. * OTC payments are transmitted directly to MSP daily by National City Bank. * Electronic/Bill Payment Vendor payments are transmitted directly to MSP daily by the vendor. * In-House payments are received from: (1) other departments, (2) unprocessed work from Lockbox; (3) Customer Service lobby; and (4) payments mailed directly to NCMC. In-House payments [exception payments] are keyed directly into the MSP system and are applied to the mortgagor records the day received by Payment Services. If all payments are not processed same day, they are processed the first thing the following morning. Payments are processed first-in-first-out.
Each payment processed into MSP [Fidelity] is automatically allocated by the MSP system to principal, interest, taxes, insurance and service fees during MSP's nightly processing. National City Mortgage Co. accepts payoffs by check or wire. Payoff checks and wires received by 3:00 p.m. Eastern Time, Monday through Friday, will be processed the same day. Payoff checks must be mailed to: 3232 Newmark Dr., Miamisburg, Ohio 45342, Attn: Payoff Dept. All payoffs are date stamped and posted to the servicing system (Fidelity) the same day received with the exception of short payoffs. Deposit slips are prepared and batch reconciled to the deposit. The deposit slips and corresponding checks are hand delivered to Payment Services for a second reconciliation to prepare for delivery to the bank. If payoff funds received are inadequate and sufficient funds are not in the loans escrow/impound account, National City Mortgage Co. will contact the sender of the funds to collect the shortage.
Disbursements
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Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel. Disbursements made on behalf of a mortgagor or investor shall be posted within two (2) business days to the mortgagor's or investor's records maintained by the servicing entity. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements. Unissued checks shall be safeguarded so as to prevent unauthorized access.
Procedure:
National City Mortgage Co has proper internal controls to provide reasonable assurance that investor remittances and tax and insurance payments are properly authorized at the correct amount. The servicing system tracks due dates to ensure timely payment. All clearing and custodial accounts are reconciled monthly to the servicing system. Only authorized personnel are allowed wire transfer access and check printing access. Internal audits and utilization of the servicing system prevents duplicate payments.
Each loan is audited to ensure that the appropriate insurance and tax information has been populated for correct disbursement. Tax and Insurance information is tracked on an automated "Insurance or Tax Workstation" and disbursements are generated based on the appropriate expiration or due date.
Investor Accounting and Reporting
The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.
Procedure:
For the majority of loans, the investor sends a "turnaround" report which compares the servicer trial balance records to the investor records. Other investors notify the Investor Services department of differences.
Mortgagor Loan Accounting
The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis. Adjustments on adjustable rate mortgage (ARM) loans shall be computed based on the related mortgage note and any ARM rider. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws.
Procedure:
Once a loan boards the Fidelity servicing system, it is reviewed for accuracy. The Fidelity system tracks each loan until termination. Sufficient funds are deposited to the escrow account to cover insurance premiums, (including hazard, flood, PMI and MIP), taxes, and special assessments.
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ARM adjustments are calculated on an automated "ARM workstation" and are based on the appropriate index as obtained in the Wall Street Journal or other financial publication as needed. A letter is sent according to RESPA requirements, advising the borrower of the new rate.
Each escrowed loan is boarded on the Fidelity servicing system with a coupon month that indicates when the loan is due for escrow analysis. Loans are reviewed each month based upon the coupon month and the mass escrow analysis is performed. Quality audit reports are ordered monthly on the entire portfolio to ensure that the loans are in the appropriate coupon month and that each loan has been analyzed in the past twelve months or remains within RESPA compliance.
The accrual of interest on escrow is tracked on the Fidelity servicing system on the loan level. Monthly reports, ordered by the Escrow Analysis Supervisor, release the funds to be deposited into the escrow accounts. Quarterly, the Escrow Analysis Supervisor reviews the state regulations for changes. Quality audit reports are ordered monthly on the loans in states requiring interest on escrow to ensure that the loans are properly coded for interest on escrow.
Delinquencies
Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment repayment plans in cases where the delinquency is deemed temporary (i.e., illness or unemployment).
Procedure:
National City Mortgage Co.'s collection strategy is to make early contact with delinquent mortgagors to improve the likelihood that defaults and poor pay habits can be cured. This strategy employs a series of calls, letters, and property inspections to gather information regarding the reasons for default, the mortgagors' ability to pay, their intentions to retain the property and the condition of the property.
Delinquency trends, by product, are analyzed throughout the month to provide effective call campaign penetration strategies. Risk Profiler and Early Indicator scoring are utilized to prioritize calling campaigns. High risk and special product loans are managed in a Special Servicing Team. This team consists of counselors who demonstrate strong technical and product knowledge, excellent listening skills, and possess a thorough understanding of loss mitigation.
The use of Early Resolution allows counselors to work all stages of delinquency. Loans thirty or more days past due are worked through Early Resolution starting the first day of the month. Less than thirty-day delinquent loans are worked in FIS through the sixteenth of the month. All delinquent loans are processed through Early Resolution by the seventeenth day of the month.
The scripting and prompting tools within Early Resolution guide the counselor to obtain the necessary mortgagor information required to evaluate a hierarchy of solutions. Approximately three hundred management controls and embedded complex calculations within Early Resolution lead the counselor through the appropriate qualification/pre-qualification or loss mitigation resolution. The available Loss Mitigation options are: * Partial Claim/Claim Advance
* Modification
* Short Sale
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* Deed-in-lieu of foreclosure
Workouts are encouraged if the end result is to improve the likelihood that the mortgagor can retain his/her home through reduced payments or that losses can be reduced through an assisted short sale of the property. In the interest of minimizing investor losses, collection activity continues during the loss mitigation review process. If the mortgagor's financial situation does not support a workout or if the mortgagor is unwilling to work with National City Mortgage Co., the loan is breached and moved timely through the foreclosure process. Loss Mitigation will continue to be offered to the borrower throughout the foreclosure process.
Insurance Policies
A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion.
Procedure:
National City Mortgage Co is required to carry adequate coverage on National City Mortgage Co's loans in the event that National City Mortgage Co made an error. The policy is reviewed annually to ensure proper coverage.
EX-99.1 (c) REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To PHH Mortgage Corporation:
We have examined PHH Mortgage Corporation's (the "Company") compliance with its established minimum servicing standards described in the accompanying Management's Assertion, dated February 28, 2006, as of and for the year ended December 31, 2005. Management is responsible for compliance with those minimum servicing standards. Our responsibility is to express an opinion on the Company's compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants as adopted by the Public Company Accounting Oversight Board and, accordingly, included examining, on a test basis, evidence about the Company's compliance with its minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with its minimum servicing standards.
Our examination disclosed the following instance of material noncompliance with the reconciliation of custodial bank accounts applicable to the Company during the year ended December 31, 2005. The Company did not comply with the requirement to prepare custodial bank account reconciliations within 45 calendar days after the cutoff date and the requirement to resolve reconciling items within 90 calendar days of their original identification as specified by their minimum servicing standards.
In our opinion, except for the material noncompliance described in the preceding paragraph, the Company complied, in all material respects, with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005, as set forth in Appendix I.
/s/ Deloitte & Touche LLP
Princeton, NJ
February 28, 2006
[PAGE]
PHH Mortgage
(logo) PHH
3000 Leadenhall Road Mt. Laurel, NJ 08054
February 28, 2006
As of and for the year ended December 31, 2005, PHH Mortgage Corporation (the "Company") has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers, except for as discussed below.
The Company completed all custodial bank account reconciliations within 60 days of the cutoff date, however did not complete all reconciliations within 45 days of the cutoff as specified by the minimum servicing standards. As such, the Company has determined that it was materially non-compliant with the requirement to prepare custodial bank account reconciliations within 45 calendar days after the cutoff date.
During the year ended December 31, 2005, the Company determined it was materially non-compliant with the requirement to resolve reconciling items resulting from custodial bank account reconciliations within 90 calendar days as specified by the minimum servicing standards.
As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amount of $160 million and $20 million, respectively.
PHH Mortgage Coroporation
/s/ Terence Edwards Terence W. Edwards President and Chief Executive Officer
/s/ Mark Danahy Mark Danahy Senior Vice President and Chief Financial Officer
/s/ Martin Foster Martin L. Foster Senior Vice President - Loan Servicing
[PAGE]
APPENDIX I
PHH MORTGAGE CORPORATION - MINIMUM SERVICING STANDARDS
I. CUSTODIAL BANK ACCOUNTS
1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall: * be mathematically accurate; * be prepared within forty-five (45) calendar days after the cutoff date; * be reviewed and approved by someone other than the person who prepared the Reconciliation; and * document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification.
2. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account.
3. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.
4. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.
II. MORTGAGE PAYMENTS
1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt.
2. Mortgage payments made in accordance with the mortgagor's loan documents shall be posted to the applicable mortgagor records within two business days of receipt.
3. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor's loan documents.
4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents.
III. DISBURSEMENTS
1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.
2. Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor's or investor's records maintained by the servicing entity.
3. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates. as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates.
[PAGE]
4. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission.
5. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.
6. Unused checks shall be safeguarded so as to prevent unauthorized access.
IV. INVESTOR ACCOUNTING AND REPORTING
1. The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.
V. MORTGAGOR LOAN ACCOUNTING
1. The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis.
2. Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider.
3. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis.
4. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws. (A compilation of state laws relating to the payment of interest on escrow accounts may be obtained through the MBA's FAX ON DEMAND service. For more information, contact MBA.)
VI. DELINQUENCIES
1. Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary (e.g., illness or unemployment).
VII. INSURANCE POLICIES
1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion.
EX-99.1 (d) (logo)PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP Suite 1400 225 South Sixth Street Minneapolis MN 55402 Telephone (612) 596 6000 Facsimile (612) 373 7160
Report of Independent Accountants
To the Board of Directors and Stockholder of Residential Funding Corporation:
We have examined management's assertion about Residential Funding Corporation's (the "Company") compliance with the minimum servicing standards identified in their role as Master Servicer as of and for the year ended December 31, 2005, included in the accompanying management assertion (see Exhibit 1). Such assertion was examined relating to those mortgage loans included in the listing of mortgage loans and series of certificates included in the attached Exhibit 2. Direct servicing functions are performed by various primary servicers and subservicers. Management is responsible for the Company's compliance with these minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. Loans and series of certificates subject to such procedures were selected using sampling methods, and accordingly, we make no representation that our examination procedures were performed on a specific series of loans or certificates as listed in the attached Exhibit 2. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.
/s/Pricewaterhouse Coopers LLP
March 10, 2006
(page)
GMAC RFC
Exhibit 1
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
March 10, 2006
As of and for the year ended December 31, 2005, Residential Funding Corporation (the "Company") has complied in all material respects with our minimum servicing standards set forth below for those loans serviced for others under master servicing arrangements. Direct servicing functions are performed by various primary servicers and subservicers.
Our minimum standards are:
I. CUSTODIAL BANK ACCOUNTS
A. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:
1) Be mathematically accurate.
2) Be prepared within thirty (30) calendar days after the cutoff date.
3) Be reviewed and approved by someone other than the person who prepared the reconciliation, and document explanation for reconciling items.
4) These reconciling items shall be resolved within ninety (90) calendar days of their original identification.
B. Each custodial and escrow account as maintained by the master servicer and subservicer shall be maintained in an eligible account in trust for the applicable certificateholders as prescribed by applicable pooling and servicing agreements.
C. Funds shall be advanced by the master servicer, the primary servicer or the subservicer, as required by applicable pooling and servicing agreements in accordance with the amortization schedule of each mortgage loan, or for overdrafts in the mortgagers escrow accounts.
II. SUBSERVICER REMITTANCES
A. Remittances for mortgage payments and payoffs received from primary servicers or subservicers shall be deposited into the applicable investor custodial bank account within one business day of receipt.
GMAC-RFC 2255 North Ontario Street Suite 400 Burbank, CA 91504 818.260.1400 FAX 818.260.1835 gmacrfc.com
(page)
Exhibit 1
B. Remittances from primary servicers or subservicers shall be reconciled to applicable mortgager records during the appropriate accounting cycle.
C. Reconciliations shall be performed monthly for each primary servicer and subservicer remittance. These reconciliations shall:
1) Be mathematically accurate.
2) Be prepared within thirty (30) calendar days after the cutoff date.
III. DISBURSEMENTS
A. Disbursements to investors shall be made in accordance with the applicable pooling and servicing agreements and/or the prospectus indicating how cash flows are to be allocated.
B. Amounts remitted to investors per our investor reports shall agree with the custodial bank statements.
C. Only permitted withdrawals per the applicable pooling and servicing agreements shall be made from the custodial accounts for certificateholders.
D. Disbursements of investor funds from custodial accounts via wire transfer shall be made only by authorized personnel.
IV. INVESTOR ACCOUNTING AND REPORTING
A. Statements to the certificateholders shall be made with each monthly distribution in accordance with applicable pooling and servicing agreements detailing the applicable distribution activity and effect on the unpaid principal balance of the mortgage loans.
V. MORTGAGOR ACCOUNTING
A. Uniform Single Attestation Program reports from external primary servicers or subservicers will be obtained and reviewed to provide a basis in meeting our minimum servicing standards.
B. Mortgage loan records shall agree with, or reconcile to, the mortgage loan records maintained by the primary servicers or subservicers with respect to unpaid principal balance on a monthly basis.
(PAGE)
Exhibit 1
VI. DELINQUENCIES
A. Reports from primary servicers and subservicers identifying delinquent loans shall be received and reviewed monthly. Reports shall be made with each distribution to certificateholders as to the number and aggregate principal balances of delinquent mortgage loans, based on the most recent reports furnished by the primary servicers and subservicers.
VII. INSURANCE POLICIES
A. As of and for this same period, the Company had in effect a fidelity bond in the amount of $300,000,000 and a mortgage impairment/mortgages errors and omissions and professional liability insurance policy in the amount of $100,000,000.
/s/ Bruce Paradis Bruce Paradis Residential Funding Corporation President & Managing Director
/s/ Ken Duncan Ken Duncan Residential Funding Corporation Chief Financial Officer & Managing Director
/s/ Barb Wendt Barb Wendt Residential Funding Corporation Managing Director
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
1985 Series 1996 Series (cont.) 1999 Series (cont.)
1985 MS-ASL (1014) 1996-WH5 1999-QS4 1985 MS-ASL (1038) 1996-WH7 1999-RS1 1985 MS-ASL (1052) 1996-WH10 1999-WH2 1985 MS-ASL (1059) 1996-WH18 1999-WH5 1996-WH19 1999-WH12 1999-WH14
1986 Series 1997 Series 2000 Series
NYCF 1986-A 1997-2 2000-HI1 1997-NWH1 2000-HI2 1997-NWH3 2000-HI3 1987 Series 1997-NWH6 2000-HI4 1997-NWH9 2000-HI5 1987-WH2 1997-WH11 2000-HL1 NYCF 1987-A 1997-WH14 2000-HWH2 1997-WH15 2000-HWH3 1988 Series 2000-HWH6 1998-Series 2000-HWH10 1988-SBRC WH1 2000-HWH11 NYCF 1998-A 1998-B (1999-A) 2000-KS1 1998-H12 2000-KS2 1990 Series 1998-H14 2000-KS3 NYCF 1990-A 1998-HWH1 2000-KS4 1998-HWH2 2000-KS5 1993 Series 1998-HWH3 2000-NWH1 1998-HWH5 2000-NWH3 1993-WH2 1998-NWH2 2000-NWH6 1993-WH15C 1998-NWH4 2000-PTWH2 1998-NWH8 2000-PTWH3 1994 Series 1998-QWH1 2000-QWH1 1998-QWH2B 2000-RS4 1994-WH21 1998-RS1 2000-RZ1 1994-WH4B 1998-WH4 2000-WH4 1994-WH16D 1998-WH8 2000-WH11 1998-WH9 I 1998-WH9 II 1995-Series 1998-WH10 2001 Series
1995-HWH1 2001-CWH1 1995-HWH2 1999 Series 2001-HI1 1995-HWH3 2001-HI2 1995-HWH4 1999-HI1 2001-HI3 1995-HWH5 1999-HI4 2001-HI4 1995-WH5 1999-HI6 2001-HS2 1995-WH12 1999-HI8 2001-HS3 1995-WH13 1999-HWH1 2001-KS1 1995-WH14 1999-HWH2 2001-KS2 1995-WH15 1999-HWH5 2001-KS3 1995-WH18 1999-KS3 2001-KS4 1999-KS4 2001-MWH1 1999-NWH1 2001-NWH1 1999-NWH2 2001-NWH3 1996 Series 1999-NWH3 2001-NWH5 1999-NWH4 2001-NWH9 1996-SW1A 1999-NWH5 1996-SW1B 1996-SW1C 1996-SW1D
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
2001 Series (cont.) 2002 Series (cont.) 2002 Series (cont.
2001-NWH12 2002-PTWH9 2002-S11 2001-PTWH4 2002-PTWH10 2002-S12 2001-PTWH6 2002-PTWH13 2002-S13 2001-PTWH7 2002-PTWH15 2002-S14 2001-PTWH8 2002-PTWH16 2002-S15 2001-PTWH10 2002-PTWH19 2002-S16 2001-PTWH11 2002-PTWH20 2002-S17 2001-PTWH12 2002-PTWH21 2002-S18 2001-PTWH14 2002-PTWH24 2002-S19 2001-PTWH16 2002-PTWH28 2002-S20 2001-PTWH17 2002-PTWH31 2002-SL1 2001-PTWH18 2002-PTWH33 2002-WH1 2001-PTWH19 2002-PTWH35 2002-WH5 2001-QS13 2002-PTWH36 2002-WH14 2001-QS16 2002-PTWH40 2002-WH17 2001-QS17 2002-PTWH41 2002-WH18 2001-QS18 2002-PTWH42 2002-WH19 2001-QS19 2002-PTWH44 2002-WH21 2001-RM2 2002-PTWH45 2002-WH22 2001-RS1 2002-PTWH46 2002-WH25 2001-RS2 2002-PTWH47 2002-WH26 2001-RS3 2002-QS1 2002-WH27 2001-WH3 2002-QS2 2002-WH28 2001-WH9 2002-QS3 2002-WH29 2001-WH12 2002-QS4 2002-WH31 2001-WH14 2002-QS5 2002-WH32 2002-QS6 2002-WH33 2002-QS7 2002-WH34 2002-QS8 2002 Series 2002-QS9 2003 Series 2002-QS10 2002-HI1 2002-QS11 2003-HI1 2002-HI2 2002-QS12 2003-HI2 2002-HI3 2002-QS13 2003-HI3 2002-HI4 2002-QS14 2003-HI4 2002-HI5 2002-QS15 2003-HSI1 2002-HS1 2002-QS16 2003-HSI2 2002-HS2 2002-QS17 2003-HSI3 2002-HS3 2002-QS18 2003-HSI4 2002-HWH4 2002-QS19 2003-HWH1 2002-KS1 2002-RM1 2003-KS1 2002-KS2 2002-RP1 2003-KS2 2002-KS3 2002-RP2 2003-KS3 2002-KS4 2002-RS1 2003-KS4 2002-KS5 2002-RS2 2003-KS5 2002-KS6 2002-RS3 2003-KS6 2002-KS7 2002-RS4 2003-KS7 2002-KS8 2002-RS5 2003-KS8 2002-KS1 2002-RS6 2003-KS9 2002-KS2 2002-RS7 2003-KS10 2002-KS3 2002-RZ1 2003-KS11 2002-KS4 2002-RZ2 2003-NWH1 2002-PTWH1 2002-RZ3 2003-NWH2 2002-PTWH4 2002-RZ4 2003-PTWH1 2002-PTWH5 2002-PTWH7
(PAGE)
Residential Funding Corporation December 31, 2005 Exhibit 2
2003 Series (cont.) 2003 Series (cont.) 2003 Series (cont.)
2003-PTWH4 2003-RS3 2003-WH22 2003-PTWH8 2003-RS4 2003-WH23 2003-PTWH9 2003-RS5 2003-WH24 2003-PTWH11 2003-RS6 2003-WH25 2003-PTWH12 2003-RS7 2003-WH26 2003-PTWH13 2003-RS8 2003-WH27 2003-PTWH14 2003-RS9 2003-WH28 2003-PTWH15 2003-RZ1 2003-WH29 2003-PTWH17 2003-RZ2 2003-WH30 2003-PTWH18 2003-RZ3 2003-WH31 2003-PTWH19 2003-RZ4 2003-WH32 2003-PTWH20 2003-RZ5 2003-WH33 2003-PTWH21 2003-S1 2003-WH34 2003-PTWH24 2003-S2 2003-WH35 2003-PTWH25 2003-S3 2003-WH36 2003-PTWH26 2003-S4 2003-WH37 2003-PTWH27 2003-S5 2003-WH38 2003-PTWH28 2003-S6 2003-WH39 2003-PTWH29 2003-S7 NIM 2003-NT1 2003-QA1 2003-S8 NIM 2003-NT3 2003-QR13 2003-S9 NIM 2003-NT7 2003-QR19 2003-S10 NIM 2003-NT8 2003-QR24 2003-S11 2003-QS1 2003-S12 2004 Series 2003-QS2 2003-S13 2003-QS3 2003-S14 2004-Cl 2003-QS4 2003-S15 2004-C2 2003-QS5 2003-S16 2004-HI1 2003-QS6 2003-S17 2004-H12 2003-QS7 2003-S18 2004-H13 2003-QS8 2003-S19 2004-HS1 2003-QS9 2003-S20 2004-HS2 2003-QS10 2003-SL1 2004-HS3 2003-QS11 2003-WH1 2004-KR1 2003-QS12 2003-WH2 2004-KR2 2003-QS13 2003-WH3 2004-KS1 2003-QS14 2003-WH4 2004-KS2 2003-QS15 2003-WH5 2004-KS3 2003-QS16 2003-WH6 2004-KS4 2003-QS17 2003-WH7 2004-KS5 2003-QS18 2003-WH8 2004-KS6 2003-QS19 2003-WH9 2004-KS7 2003-QS20 2003-WH10 2004-KS8 2003-QS21 2003-WH11 2004-KS9 2003-QS22 2003-WH12 2004-KS10 2003-QS23 2003-WH13 2004-KS11 2003-RM1 2003-WH14 2004-KS12 2003-RM2 2003-WH15 2004-NWH1 2003-RP1 2003-WH16 2004-NWH2 2003-RP2 2003-WH17 2004-PS1 2003-RS1 2003-WH18 2004-PTWH2 2003-RS10 2003-WH19 2004-PTWH3 2003-RS11 2003-WH20 2004-PTWH5 2003-RS2 2003-WH21 2004-PTWH6
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
2004 Series (cont.) 2004 Series (cont.) 2005 Series (cont.
2004-PTWH7 2004-S3 2005-AHL2 2004-PTWH8 2004-S4 2005-AHL3 2004-PTWH9 2004-S5 2005-C3 2004-PTWH10 2004-S6 2005-EFC1 2004-PTWH12 2004-S7 2005-EFC2 2004-PTWH13 2004-S8 2005-EFC3 2004-QA1 2004-S9 2005-EFC4 2004-QA2 2004-SA1 2005-EFC5 2004-QA3 2004-SL1 2005-EFC6 2004-QA4 2004-SL2 2005-EMX1 2004-QA5 2004-SL3 2005-EMX2 2004-QA6 2004-SL4 2005-EMX3 2004-QR1 2004-SP1 2005-EMX4 2004-QS1 2004-SP2 2005-GMACB0501 2004-QS2 2004-SP3 2005-GMACB0502 2004-QS3 2004-SR1 2005-GMACB0503 2004-QS4 2004-WH1 2005-HI1 2004-QS5 2004-WH2 2005-HI2 2004-QS6 2004-WH3 2005-H13 2004-QS7 2004-WH4 2005-HSI 2004-QS8 2004-WH5 2005-HS2 2004-QS9 2004-WH6 2005-HWH1 2004-QS10 2004-WH7 2005-HWH6 2004-QS11 2004-WH8 2005-HWH7 2004-QS12 2004-WH9 2005-HWH8 2004-QS13 2004-WH10 2005-HWH10 2004-QS14 2004-WH11 2005-HWH11 2004-QS15 2004-WH12 2005-HWH12 2004-QS16 2004-WH13 2005-KS1 2004-QWH1 2004-WH14 2005-KS2 2004-QWH2 2004-WH16 2005-KS3 2004-QWH3 2004-WH17 2005-KS4 2004-QWH4 2004-WH18 2005-KS5 2004-QWH5 2004-WH19 2005-KS6 2004-QWH6 2004-WH20 2005-KS7 2004-RP1 2004=WH21 2005-KS8 2004-RS1 2004-WH22 2005-KS9 2004-RS2 2004-WH24 2005-KS10 2004-RS3 BSSP 2004-KS10A 2005-KS11 2004-RS4 BSSP 2004-KS10B 2005-NM2 2004-RS5 NIM 2004-NT1 2005-NM4 2004-RS6 NIM 2004-NT2 2005-NM5 2004-RS7 NIM 2004-NT3 2005-NWH1 2004-RS8 NIM 2004-NT4 2005-NWH2 2004-RS9 NIM 2004-NT5 2005-POWH2 2004-RS10 NIM 2004-NT6 2005-POWH3 2004-RS11 NIM 2004-NT7 2005-QA1 2004-RS12 NIM 2004-NT8 2005-QA2 2004-RZ1 NIM 2004-NT11 2005-QA3 2004-RZ2 NIM 2004-NT12 2005-QA4 2004-RZ3 2005-QA5 2004-RZ4 2005 Series 2005-QA6 2004-S1 2005-QA7 2004-S2 2005-AHL1 2005-QA8
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
2005 Series (cont.) 2005 Series (cont.)
2005-QA9 2005-SA1 2005-QA10 2005-SA2 2005-QA11 2005-SA3 2005-QAl2 2005-SA4 2005-QO1 2005-SA5 2005-Q02 2005-SL1 2005-Q03 2005-SL2 2005-Q04 2005-SP1 2005-QR1 2005-SP2 2005-QS1 2005-WH1 2005-QS2 2005-WH3 2005-QS3 2005-WH4 2005-QS4 2005-WH6 2005-QS5 2005-WH8 2005-QS6 2005-WH9 2005-QS7 2005-WH10 2005-QS8 2005-WH11 2005-QS9 2005-WH12 2005-QS10 2005-WH13 2005-QS11 2005-WH15 2005-QS12 2005-WH16 2005-QS13 2005-WH18 2005-QS14 2005-WH19 2005-QS15 2005-WH20 2005-QS16 2005-WH21 2005-QWH1 2005-WH23 2005-QWH2 2005-WH24 2005-QWH7 2005-WH25A 2005-QWH8 2005-WH25B 2005-QWH12 2005-WH26 2005-RP1 2005-WH27 2005-RP2 2005-WH28A 2005-RP3 2005-WH28B 2005-RS1 2005-W H29 2005-RS2 2005-W H30 2005-RS3 GCM Residual Facility 2005-RS4 NIM 2005-NM3 2005-RS5 NIM 2005-NS1 2005-RS6 NIM 2005-NT1 2005-RS7 NIM 2005-NT2 2005-RS8 NIM 2005-NTR1 2005-RS9 NIM ABSC (2005-KS4) 2005-RZ1 NIM SB Finance 2005-KS6 2005-RZ2 NIM Soundview (2005-KS3) 2005-RZ3 2005-RZ4 2005-S1 2005-S2 2005-S3 2005-S4 2005-S5 2005-S6 2005-S7 2005-S8
EX-99.1 (e) (logo) PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP 10 Tenth Street, Suite 1400 Atlanta GA 30309-3851 Telephone (678) 419 1000 Facsimile (678) 419 1239
Report of Independent Accountants
To the Board of Directors and Stockholder of SunTrust Mortgage, Inc. and Subsidiaries:
We have examined management's assertion about SunTrust Mortgage, Inc. and its subsidiaries' (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year ended December 31, 2005 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.
/s/Pricewaterhouse Coopers LLP
February 21, 2006
(logo) SUNTRUST MORTGAGE
SunTrust Mortgage 901 Semmes Avenue Richmond, Virginia 23224
Exhibit 1
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
February 21, 2006
As of and for the year ended December 31, 2005, SunTrust Mortgage, Inc. and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a SunTrust Banks, Inc. and subsidiaries fidelity bond and errors and omissions policy in the amount of $150 million.
/s/ Sterling Edmunds Jr. Sterling Edmunds, Jr. Chairman, Chief Executive Officer
/s/ Marvin L. Watts Marvin L. Watts Executive Vice President, Executive Servicing & Operations Manager
/s/ John R Purcell Jr. John R. Purcell, Jr. Loan Servicing Manager
EX-99.1 (f) REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors of Washington Mutual Bank and Subsidiaries
We have examined management's assertion that Washington Mutual Bank and Subsidiaries (the "Company") has complied as of and for the year ended December 31, 2005, with its established minimum servicing standards described in the accompanying Management's Assertion, dated March 10, 2006. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board, and, accordingly, included examining, on a test basis, evidence about the Company's compliance with its minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with its minimum servicing standards.
In our opinion, management's assertion that the Company complied, with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005, is fairly stated, in all material respects based on the criteria set forth in Appendix I.
/s/ Deloitte & Touche LLP March 10, 2006
(page)
Washington Mutual
MANAGEMENT'S ASSERTION
As of and for the year ended December 31, 2005, Washington Mutual Bank and Subsidiaries (the "Company") has complied, in all material respects, with the Company's established minimum servicing standards for single family residential mortgages as set forth in Appendix I (the "Standards"). The Standards are based on the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.
As of and for this same period, the Company had in effect a fidelity bond in the amount of $110 million, and errors and omissions policy in the amount of $20 million.
By: /s/ Steve Rotella Steve Rotella President and Chief Operating Officer
By: /s/ David Schneider David Schneider Executive Vice President Home Loans
By: /s/ John Berens John Berens Senior Vice President Home Loans - Loan Servicing
March 10, 2006
1201 3rd Avenue Seattle, WA 98101
(page)
WASHINGTON MUTUAL BANK AND SUBSIDIARIES
APPENDIX I: MINIMUM SERVICING STANDARDS FOR SINGLE FAMILY RESIDENTIAL MORTGAGES AS SET FORTH IN THE MORTGAGE BANKERS ASSOCIATION OF AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS
I. CUSTODIAL BANK ACCOUNTS
1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:
* be mathematically accurate
* be prepared within forty-five (45) calendar days after the cutoff date
* be reviewed and approved by someone other than the person who prepared the reconciliation
* document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification.
2. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account.
3. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.
4. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.
II. MORTGAGE PAYMENTS
1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt.
2. Mortgage payments made in accordance with the mortgagor's loan documents shall be posted to the applicable mortgagor records within two business days of receipt.
3. Mortgage payments shall be allocated to principal, interest, insurance, taxes, or other escrow items in accordance with the mortgagor's loan documents.
4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents.
III. DISBURSEMENTS
1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.
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(page)
2. Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor's or investor's records maintained by the servicing entity.
3. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates.
4. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission.
5. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.
6. Unused checks shall be safeguarded so as to prevent unauthorized access.
IV. INVESTOR ACCOUNTING AND REPORTING
1. The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.
V. MORTGAGOR LOAN ACCOUNTING
1. The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis.
2. Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider.
3. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis.
4. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws.
VI. DELINQUENCIES
1. Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans, including, for example, phone calls, letters, and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary (e.g., illness or unemployment).
VII. INSURANCE POLICIES
1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion.
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EX-99.1 (g) (logo) KPMG
KPMG LLP 2500 Ruan Center 666 Grand Avenue Des Moines, IA 50309
Independent Accountants' Report
The Board of Directors Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.:
We have examined management's assertion, included in the accompanying Assertion of Management of Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. (the Company), that the Company complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) as of and for the year ended December 31, 2005. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards specified above and performing such other procedures, as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.
/s/ KPMG LLP
February 21, 2006
KPMG LLP a U.S. limited liability partnership, is the U.S. member firm of KPMG International, a Swiss cooperative
EX-99.2 (a) Exhibit 1
(logo)GMAC Mortgage
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
March 21, 2006
As of and for the year ended December 31, 2005, GMAC Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amounts of $350,000,000 and $100,000,000 respectively.
/s/ Jim Hillsman Jim Hillsman Chief Operating Officer GMAC Residential Holding Corp
/s/ Dave Bricker Dave Bricker Chief Financial Officer GMAC Residential Holding Corp
/s/ Tony Renzi Tony Renzi Executive Vice President, National Servicing Administration GMAC Residential Holding Corp
EX-99.2 (b) (logo) National City Mortgage Co.
National City Mortgage Co. A Subsidiary of National City Bank of Indiana 3232 Newmark Drive Miamisburg Ohio 45342 Telephone: (937) 910-1200
Mailing Address: P.O. Box 1820 Dayton, Ohio 45401-1820
Management's Assertion on Compliance with the Specified Minimum Servicing Standards Set Forth in the Uniform Single Attestation Program for Mortgage Bankers
Report of Management
We, as members of management of National City Mortgage Co. (NCM), are responsible for complying with the servicing standards identified in the attached Exhibit A (the specified minimum servicing standards) as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP). We are also responsible for establishing and maintaining effective internal control over compliance with these specified minimum servicing standards. We have performed an evaluation of NCM's compliance with the specified minimum servicing standards as of December 31, 2005 and for the year then ended. Based on this evaluation, we assert that during the year ended December 31, 2005, NCM complied, in all material respects, with the specified minimum servicing standards set forth in the USAP.
As of December 31, 2005 and for the year then ended, NCM had in effect a fidelity bond policy in the amount of $200 million and an errors and omissions policy in the amount of $250 million.
/s/ Steven M. Scheid Steven M. Scheid Senior Vice President
/s/ T. Jackson Case, Jr. T. Jackson Case,Jr. Executive Vice President
March 1, 2006
No one Cares More!
(PAGE)
Exhibit A
Minimum Servicing Standards
Custodial Bank Accounts
Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall be mathematically accurate, be prepared within forty-five (30) calendar days after the cutoff date. The cutoff date is the date as of which a bank account is reconciled every month. It may, or may not, coincide with a prescribed investor reporting date but shall be consistent from period to period, be reviewed and approved by someone other than the person who prepared the reconciliation and document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.
Procedure:
The bank reconciliation processors have no reporting or remitting authority or responsibility. They are responsible for reporting reconciling items greater than 90 days to the supervisor. Because of this, the supervisor and manager review all the clearing accounts, any account with reconciling items greater than 90 days, and accounts with an overdrawn balance only.
All of the custodial accounts are reconciled each month, with any outstanding items over 90 days reported to supervision for their review. They are reconciled within 30 days.
After all accounts are reconciled, * The bank recon log which records the all accounts and the date the reconciliation is completed is given to the Supervisor of the area. * Any custodial account which has items 90 days outstanding is indicated in red on the log and that month's reconciliation is given with the log to the Supervisor.
The reconciliation log is given to the supervisor who verifies all accounts are reconciled within the time frames. Each clearing account is reviewed by the Supervisor for validity, verifying the reconciliation is complete and accurate, using any system reports if they are applicable. The Supervisor signs off on the bottom of each reconciliation and dates the document.
After all accounts are reviewed and any memos are prepared and signed off, all of the reconciliations and the reconciliation log are then forwarded to the Vice President of Investor Services for a second review and signoff.
All private pool investor (recon 660) and GSE principal and interest custodial account reconciliations are reviewed and signed off on by the supervisor. Also, the manager selects 10 accounts per month at random for review.
Mortgage Payments
Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two (2) business days of receipt. Mortgage payments made in accordance with
(PAGE)
the mortgagor's loan documents shall be posted to the applicable mortgagor records within two (2) business days of receipt. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor's loan documents. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents.
Procedure:
NCM receives mortgage payments from their customers through the following channels: Lockbox, EFT, Over-the-Counter [OTC are payments made at a National City Bank branch], In-House payments [payments received from other departments or directly mailed to NCM], and Electronic Transmissions [payments received electronically from vendors such as SpeedPay, CheckFree, Metavante, Princeton eCom, On-Line Resources and Western Union Quick Collect]. All customer payments made via Lockbox, EFT, Over-the-Counter, In-House and Electronic Transmissions are ultimately transferred to the NCMC Collection Clearing Account (DDA # 2532529). The Collection Clearing account activity is balanced to Exact transaction reports on a daily basis by Payment Services. These reports are retrieved from a bank reporting service. The Collection Clearing account is also balanced to the bank statement monthly by Investor Services, who has no payment posting authority.
Each day, balancing processors ensure that the payments received from the channels noted above are deposited into the related bank clearing accounts and that the borrower's payment information has been updated to MSP [Fidelity].
All payments received by National City Mortgage are updated within two (2) business days or less. Below is a description by payment channel. * Lockbox has an SLA [Service Level Agreement] with NCM that 100% of matched payments will be processed same day. The remaining, exception payments will be processed 100% the next day. * EFT payments are processed electronically on their scheduled date. * OTC payments are transmitted directly to MSP daily by National City Bank. * Electronic/Bill Payment Vendor payments are transmitted directly to MSP daily by the vendor. * In-House payments are received from: (1) other departments, (2) unprocessed work from Lockbox; (3) Customer Service lobby; and (4) payments mailed directly to NCMC. In-House payments [exception payments] are keyed directly into the MSP system and are applied to the mortgagor records the day received by Payment Services. If all payments are not processed same day, they are processed the first thing the following morning. Payments are processed first-in-first-out.
Each payment processed into MSP [Fidelity] is automatically allocated by the MSP system to principal, interest, taxes, insurance and service fees during MSP's nightly processing. National City Mortgage Co. accepts payoffs by check or wire. Payoff checks and wires received by 3:00 p.m. Eastern Time, Monday through Friday, will be processed the same day. Payoff checks must be mailed to: 3232 Newmark Dr., Miamisburg, Ohio 45342, Attn: Payoff Dept. All payoffs are date stamped and posted to the servicing system (Fidelity) the same day received with the exception of short payoffs. Deposit slips are prepared and batch reconciled to the deposit. The deposit slips and corresponding checks are hand delivered to Payment Services for a second reconciliation to prepare for delivery to the bank. If payoff funds received are inadequate and sufficient funds are not in the loans escrow/impound account, National City Mortgage Co. will contact the sender of the funds to collect the shortage.
Disbursements
(PAGE)
Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel. Disbursements made on behalf of a mortgagor or investor shall be posted within two (2) business days to the mortgagor's or investor's records maintained by the servicing entity. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements. Unissued checks shall be safeguarded so as to prevent unauthorized access.
Procedure:
National City Mortgage Co has proper internal controls to provide reasonable assurance that investor remittances and tax and insurance payments are properly authorized at the correct amount. The servicing system tracks due dates to ensure timely payment. All clearing and custodial accounts are reconciled monthly to the servicing system. Only authorized personnel are allowed wire transfer access and check printing access. Internal audits and utilization of the servicing system prevents duplicate payments.
Each loan is audited to ensure that the appropriate insurance and tax information has been populated for correct disbursement. Tax and Insurance information is tracked on an automated "Insurance or Tax Workstation" and disbursements are generated based on the appropriate expiration or due date.
Investor Accounting and Reporting
The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.
Procedure:
For the majority of loans, the investor sends a "turnaround" report which compares the servicer trial balance records to the investor records. Other investors notify the Investor Services department of differences.
Mortgagor Loan Accounting
The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis. Adjustments on adjustable rate mortgage (ARM) loans shall be computed based on the related mortgage note and any ARM rider. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws.
Procedure:
Once a loan boards the Fidelity servicing system, it is reviewed for accuracy. The Fidelity system tracks each loan until termination. Sufficient funds are deposited to the escrow account to cover insurance premiums, (including hazard, flood, PMI and MIP), taxes, and special assessments.
(PAGE)
ARM adjustments are calculated on an automated "ARM workstation" and are based on the appropriate index as obtained in the Wall Street Journal or other financial publication as needed. A letter is sent according to RESPA requirements, advising the borrower of the new rate.
Each escrowed loan is boarded on the Fidelity servicing system with a coupon month that indicates when the loan is due for escrow analysis. Loans are reviewed each month based upon the coupon month and the mass escrow analysis is performed. Quality audit reports are ordered monthly on the entire portfolio to ensure that the loans are in the appropriate coupon month and that each loan has been analyzed in the past twelve months or remains within RESPA compliance.
The accrual of interest on escrow is tracked on the Fidelity servicing system on the loan level. Monthly reports, ordered by the Escrow Analysis Supervisor, release the funds to be deposited into the escrow accounts. Quarterly, the Escrow Analysis Supervisor reviews the state regulations for changes. Quality audit reports are ordered monthly on the loans in states requiring interest on escrow to ensure that the loans are properly coded for interest on escrow.
Delinquencies
Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment repayment plans in cases where the delinquency is deemed temporary (i.e., illness or unemployment).
Procedure:
National City Mortgage Co.'s collection strategy is to make early contact with delinquent mortgagors to improve the likelihood that defaults and poor pay habits can be cured. This strategy employs a series of calls, letters, and property inspections to gather information regarding the reasons for default, the mortgagors' ability to pay, their intentions to retain the property and the condition of the property.
Delinquency trends, by product, are analyzed throughout the month to provide effective call campaign penetration strategies. Risk Profiler and Early Indicator scoring are utilized to prioritize calling campaigns. High risk and special product loans are managed in a Special Servicing Team. This team consists of counselors who demonstrate strong technical and product knowledge, excellent listening skills, and possess a thorough understanding of loss mitigation.
The use of Early Resolution allows counselors to work all stages of delinquency. Loans thirty or more days past due are worked through Early Resolution starting the first day of the month. Less than thirty-day delinquent loans are worked in FIS through the sixteenth of the month. All delinquent loans are processed through Early Resolution by the seventeenth day of the month.
The scripting and prompting tools within Early Resolution guide the counselor to obtain the necessary mortgagor information required to evaluate a hierarchy of solutions. Approximately three hundred management controls and embedded complex calculations within Early Resolution lead the counselor through the appropriate qualification/pre-qualification or loss mitigation resolution. The available Loss Mitigation options are: * Partial Claim/Claim Advance
* Modification
* Short Sale
(PAGE)
* Deed-in-lieu of foreclosure
Workouts are encouraged if the end result is to improve the likelihood that the mortgagor can retain his/her home through reduced payments or that losses can be reduced through an assisted short sale of the property. In the interest of minimizing investor losses, collection activity continues during the loss mitigation review process. If the mortgagor's financial situation does not support a workout or if the mortgagor is unwilling to work with National City Mortgage Co., the loan is breached and moved timely through the foreclosure process. Loss Mitigation will continue to be offered to the borrower throughout the foreclosure process.
Insurance Policies
A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion.
Procedure:
National City Mortgage Co is required to carry adequate coverage on National City Mortgage Co's loans in the event that National City Mortgage Co made an error. The policy is reviewed annually to ensure proper coverage.
EX-99.2 (c) PHH Mortgage
(logo) PHH
3000 Leadenhall Road Mt. Laurel, NJ 08054
February 28, 2006
As of and for the year ended December 31, 2005, PHH Mortgage Corporation (the "Company") has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers, except for as discussed below.
The Company completed all custodial bank account reconciliations within 60 days of the cutoff date, however did not complete all reconciliations within 45 days of the cutoff as specified by the minimum servicing standards. As such, the Company has determined that it was materially non-compliant with the requirement to prepare custodial bank account reconciliations within 45 calendar days after the cutoff date.
During the year ended December 31, 2005, the Company determined it was materially non-compliant with the requirement to resolve reconciling items resulting from custodial bank account reconciliations within 90 calendar days as specified by the minimum servicing standards.
As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amount of $160 million and $20 million, respectively.
PHH Mortgage Coroporation
/s/ Terence Edwards Terence W. Edwards President and Chief Executive Officer
/s/ Mark Danahy Mark Danahy Senior Vice President and Chief Financial Officer
/s/ Martin Foster Martin L. Foster Senior Vice President - Loan Servicing
[PAGE]
APPENDIX I
PHH MORTGAGE CORPORATION - MINIMUM SERVICING STANDARDS
I. CUSTODIAL BANK ACCOUNTS
1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall: * be mathematically accurate; * be prepared within forty-five (45) calendar days after the cutoff date; * be reviewed and approved by someone other than the person who prepared the Reconciliation; and * document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification.
2. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account.
3. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.
4. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.
II. MORTGAGE PAYMENTS
1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt.
2. Mortgage payments made in accordance with the mortgagor's loan documents shall be posted to the applicable mortgagor records within two business days of receipt.
3. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor's loan documents.
4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents.
III. DISBURSEMENTS
1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.
2. Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor's or investor's records maintained by the servicing entity.
3. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates. as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates.
[PAGE]
4. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission.
5. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.
6. Unused checks shall be safeguarded so as to prevent unauthorized access.
IV. INVESTOR ACCOUNTING AND REPORTING
1. The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.
V. MORTGAGOR LOAN ACCOUNTING
1. The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis.
2. Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider.
3. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis.
4. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws. (A compilation of state laws relating to the payment of interest on escrow accounts may be obtained through the MBA's FAX ON DEMAND service. For more information, contact MBA.)
VI. DELINQUENCIES
1. Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans including, for example, phone calls, letters and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary (e.g., illness or unemployment).
VII. INSURANCE POLICIES
1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion.
EX-99.2 (d) GMAC RFC
Exhibit 1
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
March 10, 2006
As of and for the year ended December 31, 2005, Residential Funding Corporation (the "Company") has complied in all material respects with our minimum servicing standards set forth below for those loans serviced for others under master servicing arrangements. Direct servicing functions are performed by various primary servicers and subservicers.
Our minimum standards are:
I. CUSTODIAL BANK ACCOUNTS
A. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:
1) Be mathematically accurate.
2) Be prepared within thirty (30) calendar days after the cutoff date.
3) Be reviewed and approved by someone other than the person who prepared the reconciliation, and document explanation for reconciling items.
4) These reconciling items shall be resolved within ninety (90) calendar days of their original identification.
B. Each custodial and escrow account as maintained by the master servicer and subservicer shall be maintained in an eligible account in trust for the applicable certificateholders as prescribed by applicable pooling and servicing agreements.
C. Funds shall be advanced by the master servicer, the primary servicer or the subservicer, as required by applicable pooling and servicing agreements in accordance with the amortization schedule of each mortgage loan, or for overdrafts in the mortgagers escrow accounts.
II. SUBSERVICER REMITTANCES
A. Remittances for mortgage payments and payoffs received from primary servicers or subservicers shall be deposited into the applicable investor custodial bank account within one business day of receipt.
GMAC-RFC 2255 North Ontario Street Suite 400 Burbank, CA 91504 818.260.1400 FAX 818.260.1835 gmacrfc.com
(page)
Exhibit 1
B. Remittances from primary servicers or subservicers shall be reconciled to applicable mortgager records during the appropriate accounting cycle.
C. Reconciliations shall be performed monthly for each primary servicer and subservicer remittance. These reconciliations shall:
1) Be mathematically accurate.
2) Be prepared within thirty (30) calendar days after the cutoff date.
III. DISBURSEMENTS
A. Disbursements to investors shall be made in accordance with the applicable pooling and servicing agreements and/or the prospectus indicating how cash flows are to be allocated.
B. Amounts remitted to investors per our investor reports shall agree with the custodial bank statements.
C. Only permitted withdrawals per the applicable pooling and servicing agreements shall be made from the custodial accounts for certificateholders.
D. Disbursements of investor funds from custodial accounts via wire transfer shall be made only by authorized personnel.
W. INVESTOR ACCOUNTING AND REPORTING
A. Statements to the certificateholders shall be made with each monthly distribution in accordance with applicable pooling and servicing agreements detailing the applicable distribution activity and effect on the unpaid principal balance of the mortgage loans.
V. MORTGAGOR ACCOUNTING
A. Uniform Single Attestation Program reports from external primary servicers or subservicers will be obtained and reviewed to provide a basis in meeting our minimum servicing standards.
B. Mortgage loan records shall agree with, or reconcile to, the mortgage loan records maintained by the primary servicers or subservicers with respect to unpaid principal balance on a monthly basis.
(PAGE)
Exhibit 1
VI. DELINQUENCIES
A. Reports from primary servicers and subservicers identifying delinquent loans shall be received and reviewed monthly. Reports shall be made with each distribution to certificateholders as to the number and aggregate principal balances of delinquent mortgage loans, based on the most recent reports furnished by the primary servicers and subservicers.
VII. INSURANCE POLICIES
A. As of and for this same period, the Company had in effect a fidelity bond in the amount of $300,000,000 and a mortgage impairment/mortgages errors and omissions and professional liability insurance policy in the amount of $100,000,000.
/s/ Bruce Paradis Bruce Paradis Residential Funding Corporation President & Managing Director
/s/ Ken Duncan Ken Duncan Residential Funding Corporation Chief Financial Officer & Managing Director
/s/ Barb Wendt Barb Wendt Residential Funding Corporation Managing Director
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Residential Funding Corporation December 31, 2005 Exhibit 2
1985 Series 1996 Series (cont.) 1999 Series (cont.)
1985 MS-ASL (1014) 1996-WH5 1999-QS4 1985 MS-ASL (1038) 1996-WH7 1999-RS1 1985 MS-ASL (1052) 1996-WH10 1999-WH2 1985 MS-ASL (1059) 1996-WH18 1999-WH5 1996-WH19 1999-WH12 1999-WH14
1986 Series 1997 Series 2000 Series
NYCF 1986-A 1997-2 2000-HI1 1997-NWH1 2000-HI2 1997-NWH3 2000-HI3 1987 Series 1997-NWH6 2000-HI4 1997-NWH9 2000-HI5 1987-WH2 1997-WH11 2000-HL1 NYCF 1987-A 1997-WH14 2000-HWH2 1997-WH15 2000-HWH3 1988 Series 2000-HWH6 1998-Series 2000-HWH10 1988-SBRC WH1 2000-HWH11 NYCF 1998-A 1998-B (1999-A) 2000-KS1 1998-H12 2000-KS2 1990 Series 1998-H14 2000-KS3 NYCF 1990-A 1998-HWH1 2000-KS4 1998-HWH2 2000-KS5 1993 Series 1998-HWH3 2000-NWH1 1998-HWH5 2000-NWH3 1993-WH2 1998-NWH2 2000-NWH6 1993-WH15C 1998-NWH4 2000-PTWH2 1998-NWH8 2000-PTWH3 1994 Series 1998-QWH1 2000-QWH1 1998-QWH2B 2000-RS4 1994-WH21 1998-RS1 2000-RZ1 1994-WH4B 1998-WH4 2000-WH4 1994-WH16D 1998-WH8 2000-WH11 1998-WH9 I 1998-WH9 II 1995-Series 1998-WH10 2001 Series
1995-HWH1 2001-CWH1 1995-HWH2 1999 Series 2001-HI1 1995-HWH3 2001-HI2 1995-HWH4 1999-HI1 2001-HI3 1995-HWH5 1999-HI4 2001-HI4 1995-WH5 1999-HI6 2001-HS2 1995-WH12 1999-HI8 2001-HS3 1995-WH13 1999-HWH1 2001-KS1 1995-WH14 1999-HWH2 2001-KS2 1995-WH15 1999-HWH5 2001-KS3 1995-WH18 1999-KS3 2001-KS4 1999-KS4 2001-MWH1 1999-NWH1 2001-NWH1 1999-NWH2 2001-NWH3 1996 Series 1999-NWH3 2001-NWH5 1999-NWH4 2001-NWH9 1996-SW1A 1999-NWH5 1996-SW1B 1996-SW1C 1996-SW1D
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
2001 Series (cont.) 2002 Series (cont.) 2002 Series (cont.
2001-NWH12 2002-PTWH9 2002-S11 2001-PTWH4 2002-PTWH10 2002-S12 2001-PTWH6 2002-PTWH13 2002-S13 2001-PTWH7 2002-PTWH15 2002-S14 2001-PTWH8 2002-PTWH16 2002-S15 2001-PTWH10 2002-PTWH19 2002-S16 2001-PTWH11 2002-PTWH20 2002-S17 2001-PTWH12 2002-PTWH21 2002-S18 2001-PTWH14 2002-PTWH24 2002-S19 2001-PTWH16 2002-PTWH28 2002-S20 2001-PTWH17 2002-PTWH31 2002-SL1 2001-PTWH18 2002-PTWH33 2002-WH1 2001-PTWH19 2002-PTWH35 2002-WH5 2001-QS13 2002-PTWH36 2002-WH14 2001-QS16 2002-PTWH40 2002-WH17 2001-QS17 2002-PTWH41 2002-WH18 2001-QS18 2002-PTWH42 2002-WH19 2001-QS19 2002-PTWH44 2002-WH21 2001-RM2 2002-PTWH45 2002-WH22 2001-RS1 2002-PTWH46 2002-WH25 2001-RS2 2002-PTWH47 2002-WH26 2001-RS3 2002-QS1 2002-WH27 2001-WH3 2002-QS2 2002-WH28 2001-WH9 2002-QS3 2002-WH29 2001-WH12 2002-QS4 2002-WH31 2001-WH14 2002-QS5 2002-WH32 2002-QS6 2002-WH33 2002-QS7 2002-WH34 2002-QS8 2002 Series 2002-QS9 2003 Series 2002-QS10 2002-HI1 2002-QS11 2003-HI1 2002-HI2 2002-QS12 2003-HI2 2002-HI3 2002-QS13 2003-HI3 2002-HI4 2002-QS14 2003-HI4 2002-HI5 2002-QS15 2003-HSI1 2002-HS1 2002-QS16 2003-HSI2 2002-HS2 2002-QS17 2003-HSI3 2002-HS3 2002-QS18 2003-HSI4 2002-HWH4 2002-QS19 2003-HWH1 2002-KS1 2002-RM1 2003-KS1 2002-KS2 2002-RP1 2003-KS2 2002-KS3 2002-RP2 2003-KS3 2002-KS4 2002-RS1 2003-KS4 2002-KS5 2002-RS2 2003-KS5 2002-KS6 2002-RS3 2003-KS6 2002-KS7 2002-RS4 2003-KS7 2002-KS8 2002-RS5 2003-KS8 2002-KS1 2002-RS6 2003-KS9 2002-KS2 2002-RS7 2003-KS10 2002-KS3 2002-RZ1 2003-KS11 2002-KS4 2002-RZ2 2003-NWH1 2002-PTWH1 2002-RZ3 2003-NWH2 2002-PTWH4 2002-RZ4 2003-PTWH1 2002-PTWH5 2002-PTWH7
(PAGE)
Residential Funding Corporation December 31, 2005 Exhibit 2
2003 Series (cont.) 2003 Series (cont.) 2003 Series (cont.)
2003-PTWH4 2003-RS3 2003-WH22 2003-PTWH8 2003-RS4 2003-WH23 2003-PTWH9 2003-RS5 2003-WH24 2003-PTWH11 2003-RS6 2003-WH25 2003-PTWH12 2003-RS7 2003-WH26 2003-PTWH13 2003-RS8 2003-WH27 2003-PTWH14 2003-RS9 2003-WH28 2003-PTWH15 2003-RZ1 2003-WH29 2003-PTWH17 2003-RZ2 2003-WH30 2003-PTWH18 2003-RZ3 2003-WH31 2003-PTWH19 2003-RZ4 2003-WH32 2003-PTWH20 2003-RZ5 2003-WH33 2003-PTWH21 2003-S1 2003-WH34 2003-PTWH24 2003-S2 2003-WH35 2003-PTWH25 2003-S3 2003-WH36 2003-PTWH26 2003-S4 2003-WH37 2003-PTWH27 2003-S5 2003-WH38 2003-PTWH28 2003-S6 2003-WH39 2003-PTWH29 2003-S7 NIM 2003-NT1 2003-QA1 2003-S8 NIM 2003-NT3 2003-QR13 2003-S9 NIM 2003-NT7 2003-QR19 2003-S10 NIM 2003-NT8 2003-QR24 2003-S11 2003-QS1 2003-S12 2004 Series 2003-QS2 2003-S13 2003-QS3 2003-S14 2004-Cl 2003-QS4 2003-S15 2004-C2 2003-QS5 2003-S16 2004-HI1 2003-QS6 2003-S17 2004-H12 2003-QS7 2003-S18 2004-H13 2003-QS8 2003-S19 2004-HS1 2003-QS9 2003-S20 2004-HS2 2003-QS10 2003-SL1 2004-HS3 2003-QS11 2003-WH1 2004-KR1 2003-QS12 2003-WH2 2004-KR2 2003-QS13 2003-WH3 2004-KS1 2003-QS14 2003-WH4 2004-KS2 2003-QS15 2003-WH5 2004-KS3 2003-QS16 2003-WH6 2004-KS4 2003-QS17 2003-WH7 2004-KS5 2003-QS18 2003-WH8 2004-KS6 2003-QS19 2003-WH9 2004-KS7 2003-QS20 2003-WH10 2004-KS8 2003-QS21 2003-WH11 2004-KS9 2003-QS22 2003-WH12 2004-KS10 2003-QS23 2003-WH13 2004-KS11 2003-RM1 2003-WH14 2004-KS12 2003-RM2 2003-WH15 2004-NWH1 2003-RP1 2003-WH16 2004-NWH2 2003-RP2 2003-WH17 2004-PS1 2003-RS1 2003-WH18 2004-PTWH2 2003-RS10 2003-WH19 2004-PTWH3 2003-RS11 2003-WH20 2004-PTWH5 2003-RS2 2003-WH21 2004-PTWH6
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
2004 Series (cont.) 2004 Series (cont.) 2005 Series (cont.
2004-PTWH7 2004-S3 2005-AHL2 2004-PTWH8 2004-S4 2005-AHL3 2004-PTWH9 2004-S5 2005-C3 2004-PTWH10 2004-S6 2005-EFC1 2004-PTWH12 2004-S7 2005-EFC2 2004-PTWH13 2004-S8 2005-EFC3 2004-QA1 2004-S9 2005-EFC4 2004-QA2 2004-SA1 2005-EFC5 2004-QA3 2004-SL1 2005-EFC6 2004-QA4 2004-SL2 2005-EMX1 2004-QA5 2004-SL3 2005-EMX2 2004-QA6 2004-SL4 2005-EMX3 2004-QR1 2004-SP1 2005-EMX4 2004-QS1 2004-SP2 2005-GMACB0501 2004-QS2 2004-SP3 2005-GMACB0502 2004-QS3 2004-SR1 2005-GMACB0503 2004-QS4 2004-WH1 2005-HI1 2004-QS5 2004-WH2 2005-HI2 2004-QS6 2004-WH3 2005-H13 2004-QS7 2004-WH4 2005-HSI 2004-QS8 2004-WH5 2005-HS2 2004-QS9 2004-WH6 2005-HWH1 2004-QS10 2004-WH7 2005-HWH6 2004-QS11 2004-WH8 2005-HWH7 2004-QS12 2004-WH9 2005-HWH8 2004-QS13 2004-WH10 2005-HWH10 2004-QS14 2004-WH11 2005-HWH11 2004-QS15 2004-WH12 2005-HWH12 2004-QS16 2004-WH13 2005-KS1 2004-QWH1 2004-WH14 2005-KS2 2004-QWH2 2004-WH16 2005-KS3 2004-QWH3 2004-WH17 2005-KS4 2004-QWH4 2004-WH18 2005-KS5 2004-QWH5 2004-WH19 2005-KS6 2004-QWH6 2004-WH20 2005-KS7 2004-RP1 2004=WH21 2005-KS8 2004-RS1 2004-WH22 2005-KS9 2004-RS2 2004-WH24 2005-KS10 2004-RS3 BSSP 2004-KS10A 2005-KS11 2004-RS4 BSSP 2004-KS10B 2005-NM2 2004-RS5 NIM 2004-NT1 2005-NM4 2004-RS6 NIM 2004-NT2 2005-NM5 2004-RS7 NIM 2004-NT3 2005-NWH1 2004-RS8 NIM 2004-NT4 2005-NWH2 2004-RS9 NIM 2004-NT5 2005-POWH2 2004-RS10 NIM 2004-NT6 2005-POWH3 2004-RS11 NIM 2004-NT7 2005-QA1 2004-RS12 NIM 2004-NT8 2005-QA2 2004-RZ1 NIM 2004-NT11 2005-QA3 2004-RZ2 NIM 2004-NT12 2005-QA4 2004-RZ3 2005-QA5 2004-RZ4 2005 Series 2005-QA6 2004-S1 2005-QA7 2004-S2 2005-AHL1 2005-QA8
(page)
Residential Funding Corporation December 31, 2005 Exhibit 2
2005 Series (cont.) 2005 Series (cont.)
2005-QA9 2005-SA1 2005-QA10 2005-SA2 2005-QA11 2005-SA3 2005-QAl2 2005-SA4 2005-QO1 2005-SA5 2005-Q02 2005-SL1 2005-Q03 2005-SL2 2005-Q04 2005-SP1 2005-QR1 2005-SP2 2005-QS1 2005-WH1 2005-QS2 2005-WH3 2005-QS3 2005-WH4 2005-QS4 2005-WH6 2005-QS5 2005-WH8 2005-QS6 2005-WH9 2005-QS7 2005-WH10 2005-QS8 2005-WH11 2005-QS9 2005-WH12 2005-QS10 2005-WH13 2005-QS11 2005-WH15 2005-QS12 2005-WH16 2005-QS13 2005-WH18 2005-QS14 2005-WH19 2005-QS15 2005-WH20 2005-QS16 2005-WH21 2005-QWH1 2005-WH23 2005-QWH2 2005-WH24 2005-QWH7 2005-WH25A 2005-QWH8 2005-WH25B 2005-QWH12 2005-WH26 2005-RP1 2005-WH27 2005-RP2 2005-WH28A 2005-RP3 2005-WH28B 2005-RS1 2005-W H29 2005-RS2 2005-W H30 2005-RS3 GCM Residual Facility 2005-RS4 NIM 2005-NM3 2005-RS5 NIM 2005-NS1 2005-RS6 NIM 2005-NT1 2005-RS7 NIM 2005-NT2 2005-RS8 NIM 2005-NTR1 2005-RS9 NIM ABSC (2005-KS4) 2005-RZ1 NIM SB Finance 2005-KS6 2005-RZ2 NIM Soundview (2005-KS3) 2005-RZ3 2005-RZ4 2005-S1 2005-S2 2005-S3 2005-S4 2005-S5 2005-S6 2005-S7 2005-S8
EX-99.2 (e) (logo) SUNTRUST MORTGAGE
SunTrust Mortgage 901 Semmes Avenue Richmond, Virginia 23224
Exhibit 1
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
February 21, 2006
As of and for the year ended December 31, 2005, SunTrust Mortgage, Inc. and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period, the Company had in effect a SunTrust Banks, Inc. and subsidiaries fidelity bond and errors and omissions policy in the amount of $150 million.
/s/ Sterling Edmunds Jr. Sterling Edmunds, Jr. Chairman, Chief Executive Officer
/s/ Marvin L. Watts Marvin L. Watts Executive Vice President, Executive Servicing & Operations Manager
/s/ John R Purcell Jr. John R. Purcell, Jr. Loan Servicing Manager
EX-99.2 (f) Washington Mutual
MANAGEMENT'S ASSERTION
As of and for the year ended December 31, 2005, Washington Mutual Bank and Subsidiaries (the "Company") has complied, in all material respects, with the Company's established minimum servicing standards for single family residential mortgages as set forth in Appendix I (the "Standards"). The Standards are based on the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.
As of and for this same period, the Company had in effect a fidelity bond in the amount of $110 million, and errors and omissions policy in the amount of $20 million.
By: /s/ Steve Rotella Steve Rotella President and Chief Operating Officer
By: /s/ David Schneider David Schneider Executive Vice President Home Loans
By: /s/ John Berens John Berens Senior Vice President Home Loans - Loan Servicing
March 10, 2006
1201 3rd Avenue Seattle, WA 98101
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WASHINGTON MUTUAL BANK AND SUBSIDIARIES
APPENDIX I: MINIMUM SERVICING STANDARDS FOR SINGLE FAMILY RESIDENTIAL MORTGAGES AS SET FORTH IN THE MORTGAGE BANKERS ASSOCIATION OF AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS
I. CUSTODIAL BANK ACCOUNTS
1. Reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. These reconciliations shall:
* be mathematically accurate
* be prepared within forty-five (45) calendar days after the cutoff date
* be reviewed and approved by someone other than the person who prepared the reconciliation
* document explanations for reconciling items. These reconciling items shall be resolved within ninety (90) calendar days of their original identification.
2. Funds of the servicing entity shall be advanced in cases where there is an overdraft in an investor's or a mortgagor's account.
3. Each custodial account shall be maintained at a federally insured depository institution in trust for the applicable investor.
4. Escrow funds held in trust for a mortgagor shall be returned to the mortgagor within thirty (30) calendar days of payoff of the mortgage loan.
II. MORTGAGE PAYMENTS
1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt.
2. Mortgage payments made in accordance with the mortgagor's loan documents shall be posted to the applicable mortgagor records within two business days of receipt.
3. Mortgage payments shall be allocated to principal, interest, insurance, taxes, or other escrow items in accordance with the mortgagor's loan documents.
4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor's loan documents.
III. DISBURSEMENTS
1. Disbursements made via wire transfer on behalf of a mortgagor or investor shall be made only by authorized personnel.
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2. Disbursements made on behalf of a mortgagor or investor shall be posted within two business days to the mortgagor's or investor's records maintained by the servicing entity.
3. Tax and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates.
4. Any late payment penalties paid in conjunction with the payment of any tax bill or insurance premium notice shall be paid from the servicing entity's funds and not charged to the mortgagor, unless the late payment was due to the mortgagor's error or omission.
5. Amounts remitted to investors per the servicer's investor reports shall agree with cancelled checks, or other form of payment, or custodial bank statements.
6. Unused checks shall be safeguarded so as to prevent unauthorized access.
IV. INVESTOR ACCOUNTING AND REPORTING
1. The servicing entity's investor reports shall agree with, or reconcile to, investors' records on a monthly basis as to the total unpaid principal balance and number of loans serviced by the servicing entity.
V. MORTGAGOR LOAN ACCOUNTING
1. The servicing entity's mortgage loan records shall agree with, or reconcile to, the records of mortgagors with respect to the unpaid principal balance on a monthly basis.
2. Adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider.
3. Escrow accounts shall be analyzed, in accordance with the mortgagor's loan documents, on at least an annual basis.
4. Interest on escrow accounts shall be paid, or credited, to mortgagors in accordance with the applicable state laws.
VI. DELINQUENCIES
1. Records documenting collection efforts shall be maintained during the period a loan is in default and shall be updated at least monthly. Such records shall describe the entity's activities in monitoring delinquent loans, including, for example, phone calls, letters, and mortgage payment rescheduling plans in cases where the delinquency is deemed temporary (e.g., illness or unemployment).
VII. INSURANCE POLICIES
1. A fidelity bond and errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented to investors in management's assertion.
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EX-99.2 (g) (logo) WELLS HOME FARGO MORTGAGE
1 Home Campus Des Moines, IA 50328
Assertion of Management of Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.
As of and for the year ended December 31, 2005, Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. (the Company) has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.
As of and for this same period, the Company had in effect a fidelity bond along with an errors and omissions policy in the amounts of $100 million and $20 million, respectively.
/s/ Michael J. Heid February 21, 2006 Michael J. Heid, Division President, Capital Markets, Finance, & Administration Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.
/s/ Franklin R. Codel February 21, 2006 Franklin R. Codel, Executive Vice President, Finance and Corporate Real Estate Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.
/s/ Mary Coffin February 21, 2006 Mary Coffin, Executive Vice President, Servicing & Post Closing Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.
/s/ Cara K. Heiden Cara K. Heiden, division President, Nat'l Consumer & Institutional Lending Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
EX-99.3 (a) (logo)GMAC Mortgage
February 28, 2006
WELLS FARGO BANK SERVICER OVERSIGHT GROUP 9062 OLD ANNAPOLS ROAD COLUMBIA, MD 21045
Re: Annual Officers Statement of Compliance Year Ending 2005 GMACM Investor Agreement # 41522 BAFC 05-8
GMAC Mortgage Corporation ("GMACM") hereby certifies to the best of our knowledge and belief, that for the calendar year 2005:
1. A review of the activities of the Seller/Servicer and of performance according to the Seller/Servicer contract has been made under such Officer's supervision. 2. To the best of the undersigned Officer's knowledge, and based on such review, the Seller/Servicer has fulfilled all its obligations under this Agreement for such year. 3. GMACM is currently an approved FNMA and FHLMC Servicer in good standing. 4. If applicable, GMACM has filed the information returns with respect to the receipt of mortgage interest pursuant to Sections 6050H, 6050J and 6050P of the Code, received in a trade or business, reports of foreclosures and abandonment's of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property. 5. All hazard, flood, FHA mortgage insurance and primary mortgage insurance premiums, taxes, ground rents, assessments and other lienable items have been paid in connection with the mortgaged properties. 6. All property inspections have been completed as required. 7. Compliance relative to Adjustable Rate Mortgages has been met. 8. Fidelity Bond and Errors and Omissions Insurance coverage is current, in full force and effect.
Servicer: GMAC Mortgage Corporation
By:/s/Michael Kacergis
Name: Michael Kacergis
Title: Manager Enterprise Risk Management Enterprise Servicing Group Risk and Compliance
GMAC Mortgage Corporation 500 Enterprise Road Horsham, PA 19044
EX-99.3 (b) Exhibit "A"
Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. Columbia, MD 21045 Attention: Master Servicing
RE: Officer's Certificate
Dear Master Servicer:
The undersigned Officer certifies the following for the 2005 fiscal year:
(A) I have reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of these Officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to Wells Fargo Bank, N.A.;
(B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing;
(C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide are in full force and effect;
(D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that all such insurance policies are in full force and effect;
(E) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to Wells Fargo Bank, N.A.;
(F) All Custodial Accounts have been reconciled and are properly funded; and
(G) All annual reports of Foreclosure and Abandonment of Mortgage Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed.
Certified By: /s/ T. Jackson Case Jr.
Executive VP Title
March 2, 2006 Date
EX-99.3 (c) PHH Mortgage
4001 Leadenhall Road Mt. Laurel, NJ 08054
(logo)PHH
February 28, 2006
WELLS FARGO BANK NA Compliance Department 9062 Old Annapolis Rd. Columbia, MD 21045-1951
RE: Annual Statement as to Compliance
Investor number: 971-001 Deal name (if applicable): BAFC 2005-08
Dear Investor, Master Servicer or Trustee,
The undersigned officer certifies the following for PHH Mortgage Corp. f/k/a Cendant Mortgage Corp., for the 2005 calendar year. To the best of our knowledge:
a) The activities and performances of the Servicer during the preceding Fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Servicer Guide for the deal listed above, and to the best of my knowledge the Servicer has fulfilled all of its duties, responsibilities or obligations under this Agreement throughout such year, or if there has been default or failure of the Servicer to perform any such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to WELLS FARGO BANK NA; b) The Servicer is currently an approved FNMA or FHLMC Servicer in good standing; c) The Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Servicer Guide are in full force and effect; d) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that such insurance policies are in full force and effect; e) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgage Property, have been paid, or if any such costs or expenses have been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to WELLS FARGO BANK NA; f) All Custodial Accounts have been reconciled and are properly funded; and g) All annual reports of Foreclosure and Abandonment of Mortgaged Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed.
Certified by
/s/ Jack Webb Jack Webb Assistant Vice President
Date: February 28, 2006
EX-99.3 (d) GMAC RFC
2005 ANNUAL STATEMENT OF COMPLIANCE CERTIFICATE
Pursuant to the governing documents including, but not limited to various Pooling and Servicing Agreements, Indentures, Trust Agreements and Sales and Servicing Agreements ("the Agreements"), where Residential Funding Corporation ("the Company") has been appointed Master Servicer or Servicer, and an annual statement of compliance is required to be delivered to either the Trustee or the Investor. The undersigned Managing Director and Director of Residential Funding Corporation, hereby certify that:
(i) a review of the activities of the Master Servicer during the proceeding calendar year has been conducted, and the performance of the duties outlined in the agreements has been made under the undersigned officers supervision; and
(ii) To the best of the undersigned officers knowledge, based on the aforementioned review, the Master Servicer has complied with the minimum servicing standards set forth in the USAP for Mortgage Bankers, and has fulfilled its obligations relating to the Agreements in all material respects throughout such year; and
(iii) To the best of the undersigned officers knowledge, each Subservicer has complied with the minimum servicing standards set forth in the USAP for Mortgage Bankers, and has fulfilled its obligations relating to the Agreements in all material respects throughout such year; and
(iv) To the best of the undersigned officers knowledge each Subservicer has fulfilled its obligations under the servicing agreement with respect to Section 6050H, 6050J and 6050P of the Internal Revenue Code with respect to the reporting of foreclosures and abandonment of Mortgage Properties.
Dated: March 15, 2006
/s/Barbara Wendt Barbara Wendt Managing Director, Master Servicing
/s/Darsi Meyer Darsi Meyer Director, Securities Administration
GMAC-RFC 2255 North Ontario Street Suite 400 Burbank, CA 91504 818.260.1400 gmacrfc.com
EX-99.3 (e) (logo) SUNTRUST MORTGAGE
Exhibit "A"
SunTrust Mortgage, Inc. Post Office Box 26149 Richmond, VA 23260-6149 Toll Free 1.800.634.7928 www.suntrustmortgage.com
Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. Columbia, MD 21045 Attention: Master Servicing
RE: Officer's Certificate
Dear Master Servicer:
The undersigned Officer certifies the following for the 2005 fiscal year:
(A) I have reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of these Officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to Wells Fargo Bank, N.A.;
(B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing;
(C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide are in full force and effect;
(D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that all such insurance policies are in full force and effect;
(E) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to Wells Fargo Bank, N.A.;
(F) All Custodial Accounts have been reconciled and are properly funded; and
(G) All annual reports of Foreclosure and Abandonment of Mortgage Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed.
Certified by: /s/ Annette Holman-Foreman Officer Annette Holman-Foreman
Vice President Title
February 24, 2006 Date
EX-99.3 (f) OFFICER'S CERTIFICATE ANNUAL STATEMENT OF COMPLIANCE
Reference is hereby made to Banc of America Funding 2005-2 Trust, Banc of America Funding 2005-3, Banc of America Funding 2005-4, Banc of America Funding 2005-5, Banc of America Funding 2005-6 and Banc of America Funding 2005-8 Trust (the "Securitizations"). Washington Mutual Bank, FA (the "Servicer") services mortgage loans in connection with the Securitization (the "Mortgage Loans") pursuant to the terms of that certain Amended and Restated Servicing Agreement, dated as of July 1, 2003 between Washington Mutual Bank, FA (the "Servicer") and Banc of America Mortgage Capital Corporation and Bank of America, National Association (as from time to time amended or replaced by a reconstituted servicing or other successor servicing agreement, the "Servicing Agreement").
I, Henry J. Berens, an authorized officer of the Servicer, certify for the benefit of the Master Servicer and the Trustee with respect to the calendar year immediately preceding the date of this Officer's Certificate (the "Relevant Year"), as follows:
1. A review of the activities of the Servicer during the Relevant Year and of performance under the Servicing Agreement has been made under my supervision;
2. To the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Servicing Agreement in all material respects throughout the Relevant Year;
DATED as of March 15, 2006.
/s/Henry J Berens
Name: Henry. J. Berens
EX-99.3 (g) (logo) WELLS HOME FARGO MORTGAGE
Wells Fargo Home Mortgage One Home Campus Des Moines, IA 50328-0001
February 24, 2006
Re: 2005 Annual Certification
We hereby certify to the best of our knowledge and belief that for the calendar year of 2005:
1. All real estate taxes, bonds assessments and other lienable items have been paid.
2. All FHA mortgage insurance, private mortgage insurance premiums, and flood insurance have been paid (if applicable).
3. Hazard insurance policies held by us meet the requirements as specified in the servicing agreement, or those of a normal prudent lender if not specified, and those premiums due have been paid.
4. We have made all property inspections as required.
5. Fidelity bond and Errors and Omissions insurance coverage currently exists.
6. That the Officer signing this certificate has reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide or similar agreements and to the best of this officer's knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations of such agreement throughout the year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported.
Sincerely,
/s/ John B. Brown John B. Brown Senior Vice President Wells Fargo Home Mortgage
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
EX-99.3 (h) (logo)WELLS FARGO
Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 410 884-2000 410 715-2380 Fax
Wells Fargo Bank, N.A.
March 01, 2006
Wells Fargo Bank, NA 9062 Old Annapolis Road Columbia, MD 21045 Attn: Trust Review
RE: Annual Statement As To Compliance for Banc of America Funding Corporation, Mortgage Pass-Through Certificates Series 2005-8
Per Section 3.19 of the Pooling and Servicing Agreement, dated as of December 29,2005 the undersigned Officer of Wells Fargo Bank, N.A. Master Servicer hereby certifies the following for the 2005 calendar year or portion thereof:
(a) That a review of the activities of Wells Fargo Bank , N.A. during the preceding year or portion thereof and of its performance under this Agreement has been made under the supervision of the undersigned;
(b) That to the best of such Officer's knowledge, based on such review, Wells Fargo Bank , N.A has fulfilled all of its obligations under the Agreement throughout such period.
Certified By: /s/Christopher C. Regnier Christopher C. Regnier, Vice President
Certified By: /s/Reid Denny Reid Denny, Assistant Secretary
rpt_mm-2-1 a
EX-99.4
No distributions to Certificateholders were made during the fiscal period covered by this report.