|                                                 |   |                                                            |                                |                                |            |                            |            |                           |            |                           |            |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|-----------------------------------------------------------------|-------------------------------------|-------------------------------------|-----------------|---------------------------------|-----------------|--------------------------------|-----------------|--------------------------------|-----------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                                                                 | February                  25, 2005  |                                |            |                            |            |                           |            |                           |            |                                 |         |                                       |       |
|                                                 |   |                                                            |                                |                                |            |                            |            |                           |            |                           |            |                                 |         |                                       |       |   |             |                             |           |
| Client 34033                                    |   | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |                                |            |                            |            |                           |            |                           |
|                                                 |   |                                                            |                                |                                |            |                            |            |                           |            |                           |            |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No.                                      |                                | Beginning                  Prin Bal |            | Principal                  Paid |            | Interest                  Paid |            | Total                  Distrib |            | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                                                            |                                |                                |            |                            |            |                           |            |                           |            |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                                                            | 73316PBH2                           |                                | 136,000,000.00  |                            | 1,399,714.72    |                           | 283,352.22      |                           | 1,683,066.94    |                                 |         |                                       | 283,352.22 |   | 0.00             |                             | 134,600,285.28 |
| af2                                                  |   |                                                            | 73316PBJ8                           |                                | 31,000,000.00   |                            | 0.00            |                           | 101,111.67      |                           | 101,111.67      |                                 |         |                                       | 101,111.67 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                                                            | 73316PBK5                           |                                | 41,000,000.00   |                            | 0.00            |                           | 141,518.33      |                           | 141,518.33      |                                 |         |                                       | 141,518.33 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                                                            | 73316PBL3                           |                                | 35,000,000.00   |                            | 0.00            |                           | 134,400.00      |                           | 134,400.00      |                                 |         |                                       | 134,400.00 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                                                            | 73316PBM1                           |                                | 10,060,000.00   |                            | 0.00            |                           | 43,853.22       |                           | 43,853.22       |                                 |         |                                       | 43,853.22  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                                                            | 73316PBN9                           |                                | 15,000,000.00   |                            | 0.00            |                           | 57,725.00       |                           | 57,725.00       |                                 |         |                                       | 57,725.00  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                                                            | 73316PBP4                           |                                | 152,800,000.00  |                            | 936,570.53      |                           | 333,804.33      |                           | 1,270,374.86    |                                 |         |                                       | 333,804.33 |   | 0.00             |                             | 151,863,429.47 |
| av1b                                                 |   |                                                            | 73316PBQ2                           |                                | 38,200,000.00   |                            | 234,142.63      |                           | 86,422.19       |                           | 320,564.82      |                                 |         |                                       | 86,422.19  |   | 0.00             |                             | 37,965,857.37  |
| av2                                                  |   |                                                            | 73316PBR0                           |                                | 45,000,000.00   |                            | 1,195,316.34    |                           | 99,006.25       |                           | 1,294,322.59    |                                 |         |                                       | 99,006.25  |   | 0.00             |                             | 43,804,683.66  |
| b1                                                   |   |                                                            | 73316PBW9                           |                                | 6,250,000.00    |                            | 0.00            |                           | 19,681.42       |                           | 19,681.42       |                                 |         |                                       | 19,681.42  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                                                            | 73316PBX7                           |                                | 5,000,000.00    |                            | 0.00            |                           | 17,689.58       |                           | 17,689.58       |                                 |         |                                       | 17,689.58  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                                                            | 73316PBY5                           |                                | 6,250,000.00    |                            | 0.00            |                           | 28,236.98       |                           | 28,236.98       |                                 |         |                                       | 28,236.98  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                                                            | 73316PBZ2                           |                                | 6,250,000.00    |                            | 0.00            |                           | 29,452.26       |                           | 29,452.26       |                                 |         |                                       | 29,452.26  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                                                            | 73316PBS8                           |                                | 44,060,000.00   |                            | 0.00            |                           | 189,458.00      |                           | 189,458.00      |                                 |         |                                       | 189,458.00 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                                                            | 73316PBT6                           |                                | 34,380,000.00   |                            | 0.00            |                           | 157,775.55      |                           | 157,775.55      |                                 |         |                                       | 157,775.55 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                                                            | 73316PBU3                           |                                | 9,690,000.00    |                            | 0.00            |                           | 45,260.38       |                           | 45,260.38       |                                 |         |                                       | 45,260.38  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                                                            | 73316PBV1                           |                                | 9,060,000.00    |                            | 0.00            |                           | 43,035.00       |                           | 43,035.00       |                                 |         |                                       | 43,035.00  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                                                            | N/A                                 |                                | 0.00            |                            | 0.00            |                           | 0.00            |                           | 0.00            |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                                                            | N/A                                 |                                | 0.00            |                            | 0.00            |                           | 0.00            |                           | 0.00            |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                                                            | N/A                                 |                                | 489,836,905.25  |                            | -132,280,906.35 |                           | 2.20            |                           | -132,280,904.15 |                                 |         |                                       | 2.20       |   | 0.00             |                             | 622,117,811.60 |
|                                                 |   |                                                            |                                |                                |            |                            |            |                           |            |                           |            |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                                                            | **Payable                  Totals** |                                | -128,515,162.13 |                            | 1,811,784.58    |                           | -126,703,377.55 |                           | 0.00            |                                 | 1,811,784.58 |                                       | 0.00       |   | 1,243,352,067.38 |
|                                                 |   |                                                            | **Grand                  Totals**   |                                | -128,515,162.13 |                            | 1,811,784.58    |                           | -126,703,377.55 |                           | 0.00            |                                 | 1,811,784.58 |                                       | 0.00       |   | 1,243,352,067.38 |

----

|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|--------------|--------------------------------|---------------|--------------------------------|--------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | March                  25, 2005                                 |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |         |                           |          |                           |         |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |         | Interest                  Paid |          | Total                  Distrib |         | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 134,600,285.28 |                            | 3,622,980.91 |                           | 289,988.84    |                           | 3,912,969.75 |                                 |         |                                       | 289,988.84 |   | 0.00             |                             | 130,977,304.37 |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00         |                           | 101,111.67    |                           | 101,111.67   |                                 |         |                                       | 101,111.67 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00         |                           | 141,518.33    |                           | 141,518.33   |                                 |         |                                       | 141,518.33 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00         |                           | 134,400.00    |                           | 134,400.00   |                                 |         |                                       | 134,400.00 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00         |                           | 43,853.22     |                           | 43,853.22    |                                 |         |                                       | 43,853.22  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00         |                           | 57,725.00     |                           | 57,725.00    |                                 |         |                                       | 57,725.00  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 151,863,429.47 |                            | 1,572,532.28 |                           | 342,536.40    |                           | 1,915,068.68 |                                 |         |                                       | 342,536.40 |   | 0.00             |                             | 150,290,897.19 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 37,965,857.37  |                            | 393,133.07   |                           | 88,587.00     |                           | 481,720.07   |                                 |         |                                       | 88,587.00  |   | 0.00             |                             | 37,572,724.30  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 43,804,683.66  |                            | 2,883,586.72 |                           | 99,485.30     |                           | 2,983,072.02 |                                 |         |                                       | 99,485.30  |   | 0.00             |                             | 40,921,096.94  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00         |                           | 20,125.00     |                           | 20,125.00    |                                 |         |                                       | 20,125.00  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00         |                           | 18,044.44     |                           | 18,044.44    |                                 |         |                                       | 18,044.44  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00         |                           | 28,680.56     |                           | 28,680.56    |                                 |         |                                       | 28,680.56  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00         |                           | 29,895.83     |                           | 29,895.83    |                                 |         |                                       | 29,895.83  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00         |                           | 189,458.00    |                           | 189,458.00   |                                 |         |                                       | 189,458.00 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00         |                           | 157,775.55    |                           | 157,775.55   |                                 |         |                                       | 157,775.55 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00         |                           | 45,260.38     |                           | 45,260.38    |                                 |         |                                       | 45,260.38  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00         |                           | 43,035.00     |                           | 43,035.00    |                                 |         |                                       | 43,035.00  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00         |                           | 0.00          |                           | 0.00         |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00         |                           | 0.00          |                           | 0.00         |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 622,117,811.60 |                            | 6,880,776.44 |                           | 16.13         |                           | 6,880,792.57 |                                 |         |                                       | 16.13      |   | 0.00             |                             | 615,237,035.16 |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 15,353,009.42  |                            | 1,831,496.65 |                           | 17,184,506.07 |                           | 0.00         |                                 | 1,831,496.65 |                                       | 0.00       |   | 1,227,999,057.96 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 15,353,009.42  |                            | 1,831,496.65 |                           | 17,184,506.07 |                           | 0.00         |                                 | 1,831,496.65 |                                       | 0.00       |   | 1,227,999,057.96 |

----

|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|--------------|--------------------------------|---------------|--------------------------------|--------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | April                  25, 2005                                 |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |         |                           |          |                           |         |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |         | Interest                  Paid |          | Total                  Distrib |         | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 130,977,304.37 |                            | 5,145,113.59 |                           | 334,974.46    |                           | 5,480,088.05 |                                 |         |                                       | 334,974.46 |   | 0.00             |                             | 125,832,190.78 |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00         |                           | 101,111.67    |                           | 101,111.67   |                                 |         |                                       | 101,111.67 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00         |                           | 141,518.33    |                           | 141,518.33   |                                 |         |                                       | 141,518.33 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00         |                           | 134,400.00    |                           | 134,400.00   |                                 |         |                                       | 134,400.00 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00         |                           | 43,853.22     |                           | 43,853.22    |                                 |         |                                       | 43,853.22  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00         |                           | 57,725.00     |                           | 57,725.00    |                                 |         |                                       | 57,725.00  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 150,290,897.19 |                            | 2,581,610.95 |                           | 401,193.20    |                           | 2,982,804.15 |                                 |         |                                       | 401,193.20 |   | 0.00             |                             | 147,709,286.24 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 37,572,724.30  |                            | 645,402.74   |                           | 103,533.73    |                           | 748,936.47   |                                 |         |                                       | 103,533.73 |   | 0.00             |                             | 36,927,321.56  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 40,921,096.94  |                            | 908,474.32   |                           | 109,941.35    |                           | 1,018,415.67 |                                 |         |                                       | 109,941.35 |   | 0.00             |                             | 40,012,622.62  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00         |                           | 23,357.64     |                           | 23,357.64    |                                 |         |                                       | 23,357.64  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00         |                           | 20,838.89     |                           | 20,838.89    |                                 |         |                                       | 20,838.89  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00         |                           | 32,829.86     |                           | 32,829.86    |                                 |         |                                       | 32,829.86  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00         |                           | 34,175.35     |                           | 34,175.35    |                                 |         |                                       | 34,175.35  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00         |                           | 189,458.00    |                           | 189,458.00   |                                 |         |                                       | 189,458.00 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00         |                           | 157,775.55    |                           | 157,775.55   |                                 |         |                                       | 157,775.55 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00         |                           | 45,260.38     |                           | 45,260.38    |                                 |         |                                       | 45,260.38  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00         |                           | 43,035.00     |                           | 43,035.00    |                                 |         |                                       | 43,035.00  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00         |                           | 0.00          |                           | 0.00         |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00         |                           | 0.00          |                           | 0.00         |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 615,237,035.16 |                            | 7,871,246.37 |                           | 19.03         |                           | 7,871,265.40 |                                 |         |                                       | 19.03      |   | 0.00             |                             | 607,365,788.79 |
|                                                 |   |                       |                                                            |                                |           |                            |         |                           |          |                           |         |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 17,151,847.97  |                            | 1,975,000.66 |                           | 19,126,848.63 |                           | 0.00         |                                 | 1,975,000.66 |                                       | 0.00       |   | 1,210,847,209.99 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 17,151,847.97  |                            | 1,975,000.66 |                           | 19,126,848.63 |                           | 0.00         |                                 | 1,975,000.66 |                                       | 0.00       |   | 1,210,847,209.99 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | May                  25, 2005                                   |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 125,832,190.78 |                            | 7,325,508.68  |                           | 329,260.90    |                           | 7,654,769.58  |                                 |         |                                       | 329,260.90 |   | 0.00             |                             | 118,506,682.10 |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,111.67    |                           | 101,111.67    |                                 |         |                                       | 101,111.67 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,518.33    |                           | 141,518.33    |                                 |         |                                       | 141,518.33 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,400.00    |                           | 134,400.00    |                                 |         |                                       | 134,400.00 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,853.22     |                           | 43,853.22     |                                 |         |                                       | 43,853.22  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,725.00     |                           | 57,725.00     |                                 |         |                                       | 57,725.00  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 147,709,286.24 |                            | 3,229,421.18  |                           | 402,507.81    |                           | 3,631,928.99  |                                 |         |                                       | 402,507.81 |   | 0.00             |                             | 144,479,865.06 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 36,927,321.56  |                            | 807,355.29    |                           | 103,704.23    |                           | 911,059.52    |                                 |         |                                       | 103,704.23 |   | 0.00             |                             | 36,119,966.27  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 40,012,622.62  |                            | 658,486.83    |                           | 109,701.27    |                           | 768,188.10    |                                 |         |                                       | 109,701.27 |   | 0.00             |                             | 39,354,135.79  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 23,489.58     |                           | 23,489.58     |                                 |         |                                       | 23,489.58  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 20,875.00     |                           | 20,875.00     |                                 |         |                                       | 20,875.00  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 32,656.25     |                           | 32,656.25     |                                 |         |                                       | 32,656.25  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 33,958.33     |                           | 33,958.33     |                                 |         |                                       | 33,958.33  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,458.00    |                           | 189,458.00    |                                 |         |                                       | 189,458.00 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,775.55    |                           | 157,775.55    |                                 |         |                                       | 157,775.55 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,260.38     |                           | 45,260.38     |                                 |         |                                       | 45,260.38  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,035.00     |                           | 43,035.00     |                                 |         |                                       | 43,035.00  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 607,365,788.79 |                            | 10,651,408.55 |                           | 19.97         |                           | 10,651,428.52 |                                 |         |                                       | 19.97      |   | 0.00             |                             | 596,714,380.24 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 22,672,180.53  |                            | 1,970,310.49  |                           | 24,642,491.02 |                           | 0.00          |                                 | 1,970,310.49 |                                       | 0.00       |   | 1,188,175,029.46 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 22,672,180.53  |                            | 1,970,310.49  |                           | 24,642,491.02 |                           | 0.00          |                                 | 1,970,310.49 |                                       | 0.00       |   | 1,188,175,029.46 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | June                  27, 2005                                  |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 118,506,682.10 |                            | 7,222,126.26  |                           | 348,705.91    |                           | 7,570,832.17  |                                 |         |                                       | 348,705.91 |   | 0.00             |                             | 111,284,555.84 |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,111.67    |                           | 101,111.67    |                                 |         |                                       | 101,111.67 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,518.33    |                           | 141,518.33    |                                 |         |                                       | 141,518.33 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,400.00    |                           | 134,400.00    |                                 |         |                                       | 134,400.00 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,853.22     |                           | 43,853.22     |                                 |         |                                       | 43,853.22  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,725.00     |                           | 57,725.00     |                                 |         |                                       | 57,725.00  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 144,479,865.06 |                            | 3,855,369.85  |                           | 442,349.19    |                           | 4,297,719.04  |                                 |         |                                       | 442,349.19 |   | 0.00             |                             | 140,624,495.21 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 36,119,966.27  |                            | 963,842.46    |                           | 113,898.29    |                           | 1,077,740.75  |                                 |         |                                       | 113,898.29 |   | 0.00             |                             | 35,156,123.81  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 39,354,135.79  |                            | 2,533,405.58  |                           | 121,210.74    |                           | 2,654,616.32  |                                 |         |                                       | 121,210.74 |   | 0.00             |                             | 36,820,730.21  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 26,239.58     |                           | 26,239.58     |                                 |         |                                       | 26,239.58  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 23,283.33     |                           | 23,283.33     |                                 |         |                                       | 23,283.33  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 36,322.92     |                           | 36,322.92     |                                 |         |                                       | 36,322.92  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 37,755.21     |                           | 37,755.21     |                                 |         |                                       | 37,755.21  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,458.00    |                           | 189,458.00    |                                 |         |                                       | 189,458.00 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,775.55    |                           | 157,775.55    |                                 |         |                                       | 157,775.55 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,260.38     |                           | 45,260.38     |                                 |         |                                       | 45,260.38  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,035.00     |                           | 43,035.00     |                                 |         |                                       | 43,035.00  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 596,714,380.24 |                            | 13,358,158.83 |                           | 22.14         |                           | 13,358,180.97 |                                 |         |                                       | 22.14      |   | 0.00             |                             | 583,356,221.41 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 27,932,902.98  |                            | 2,063,924.46  |                           | 29,996,827.44 |                           | 0.00          |                                 | 2,063,924.46 |                                       | 0.00       |   | 1,160,242,126.48 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 27,932,902.98  |                            | 2,063,924.46  |                           | 29,996,827.44 |                           | 0.00          |                                 | 2,063,924.46 |                                       | 0.00       |   | 1,160,242,126.48 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |               |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | July                  25, 2005                                  |                                |           |                            |          |               |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |               |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |               |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |               |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |               |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 111,284,555.84 |                            | 9,247,568.56  |               | 297,229.55    |                           | 9,544,798.11  |                                 |         |                                       | 297,229.55 |   | 0.00             |                             | 102,036,987.28 |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |               | 101,100.78    |                           | 101,100.78    |                                 |         |                                       | 101,100.78 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |               | 141,503.09    |                           | 141,503.09    |                                 |         |                                       | 141,503.09 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |               | 134,385.52    |                           | 134,385.52    |                                 |         |                                       | 134,385.52 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |               | 43,848.50     |                           | 43,848.50     |                                 |         |                                       | 43,848.50  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |               | 57,718.78     |                           | 57,718.78     |                                 |         |                                       | 57,718.78  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 140,624,495.21 |                            | 5,111,887.13  |               | 389,810.67    |                           | 5,501,697.80  |                                 |         |                                       | 389,810.67 |   | 0.00             |                             | 135,512,608.08 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 35,156,123.81  |                            | 1,277,971.78  |               | 100,186.74    |                           | 1,378,158.52  |                                 |         |                                       | 100,186.74 |   | 0.00             |                             | 33,878,152.03  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 36,820,730.21  |                            | 1,743,734.99  |               | 102,639.65    |                           | 1,846,374.64  |                                 |         |                                       | 102,639.65 |   | 0.00             |                             | 35,076,995.22  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |               | 23,352.11     |                           | 23,352.11     |                                 |         |                                       | 23,352.11  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |               | 20,625.92     |                           | 20,625.92     |                                 |         |                                       | 20,625.92  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |               | 31,906.96     |                           | 31,906.96     |                                 |         |                                       | 31,906.96  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |               | 33,122.24     |                           | 33,122.24     |                                 |         |                                       | 33,122.24  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |               | 189,437.59    |                           | 189,437.59    |                                 |         |                                       | 189,437.59 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |               | 157,758.56    |                           | 157,758.56    |                                 |         |                                       | 157,758.56 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |               | 45,255.51     |                           | 45,255.51     |                                 |         |                                       | 45,255.51  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |               | 43,030.36     |                           | 43,030.36     |                                 |         |                                       | 43,030.36  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |               | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |               | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 583,356,221.41 |                            | 16,081,723.72 |               | 22.43         |                           | 16,081,746.15 |                                 |         |                                       | 22.43      |   | 0.00             |                             | 567,274,497.69 |
|                                                 |   |                       |                                                            |                                |           |                            |          |               |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 33,462,886.18  |                            | 1,912,934.96  |               | 35,375,821.14 |                           | 0.00          |                                 | 1,912,934.96 |                                       | 0.00       |   | 1,126,779,240.30 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 33,462,886.18  |                            | 1,912,934.96  |               | 35,375,821.14 |                           | 0.00          |                                 | 1,912,934.96 |                                       | 0.00       |   | 1,126,779,240.30 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | August                  25, 2005                                |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 102,036,987.28 |                            | 5,003,003.99  |                           | 314,525.31    |                           | 5,317,529.30  |                                 |         |                                       | 314,525.31 |   | 0.00             |                             | 97,033,983.29  |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,101.37    |                           | 101,101.37    |                                 |         |                                       | 101,101.37 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,503.91    |                           | 141,503.91    |                                 |         |                                       | 141,503.91 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,386.31    |                           | 134,386.31    |                                 |         |                                       | 134,386.31 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,848.75     |                           | 43,848.75     |                                 |         |                                       | 43,848.75  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,719.12     |                           | 57,719.12     |                                 |         |                                       | 57,719.12  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 135,512,608.08 |                            | 4,072,922.67  |                           | 432,881.03    |                           | 4,505,803.70  |                                 |         |                                       | 432,881.03 |   | 0.00             |                             | 131,439,685.41 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 33,878,152.03  |                            | 1,018,230.67  |                           | 111,137.24    |                           | 1,129,367.91  |                                 |         |                                       | 111,137.24 |   | 0.00             |                             | 32,859,921.36  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 35,076,995.22  |                            | 1,408,168.39  |                           | 112,653.88    |                           | 1,520,822.27  |                                 |         |                                       | 112,653.88 |   | 0.00             |                             | 33,668,826.83  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 26,637.92     |                           | 26,637.92     |                                 |         |                                       | 26,637.92  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 23,462.89     |                           | 23,462.89     |                                 |         |                                       | 23,462.89  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 36,109.17     |                           | 36,109.17     |                                 |         |                                       | 36,109.17  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 37,454.59     |                           | 37,454.59     |                                 |         |                                       | 37,454.59  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,438.70    |                           | 189,438.70    |                                 |         |                                       | 189,438.70 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,759.47    |                           | 157,759.47    |                                 |         |                                       | 157,759.47 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,255.77     |                           | 45,255.77     |                                 |         |                                       | 45,255.77  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,030.62     |                           | 43,030.62     |                                 |         |                                       | 43,030.62  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 567,274,497.69 |                            | 10,393,047.69 |                           | 21.75         |                           | 10,393,069.44 |                                 |         |                                       | 21.75      |   | 0.00             |                             | 556,881,450.00 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 21,895,373.41  |                            | 2,008,927.80  |                           | 23,904,301.21 |                           | 0.00          |                                 | 2,008,927.80 |                                       | 0.00       |   | 1,104,883,866.89 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 21,895,373.41  |                            | 2,008,927.80  |                           | 23,904,301.21 |                           | 0.00          |                                 | 2,008,927.80 |                                       | 0.00       |   | 1,104,883,866.89 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | September                  26, 2005                             |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 97,033,983.29  |                            | 9,946,510.85  |                           | 324,384.59    |                           | 10,270,895.44 |                                 |         |                                       | 324,384.59 |   | 0.00             |                             | 87,087,472.44  |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,101.59    |                           | 101,101.59    |                                 |         |                                       | 101,101.59 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,504.22    |                           | 141,504.22    |                                 |         |                                       | 141,504.22 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,386.60    |                           | 134,386.60    |                                 |         |                                       | 134,386.60 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,848.85     |                           | 43,848.85     |                                 |         |                                       | 43,848.85  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,719.24     |                           | 57,719.24     |                                 |         |                                       | 57,719.24  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 131,439,685.41 |                            | 5,170,943.36  |                           | 454,589.93    |                           | 5,625,533.29  |                                 |         |                                       | 454,589.93 |   | 0.00             |                             | 126,268,742.05 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 32,859,921.36  |                            | 1,292,735.84  |                           | 116,568.07    |                           | 1,409,303.91  |                                 |         |                                       | 116,568.07 |   | 0.00             |                             | 31,567,185.52  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 33,668,826.83  |                            | 680,216.60    |                           | 117,043.62    |                           | 797,260.22    |                                 |         |                                       | 117,043.62 |   | 0.00             |                             | 32,988,610.23  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 28,504.10     |                           | 28,504.10     |                                 |         |                                       | 28,504.10  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 25,025.28     |                           | 25,025.28     |                                 |         |                                       | 25,025.28  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 36,050.49     |                           | 36,050.49     |                                 |         |                                       | 36,050.49  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 36,654.39     |                           | 36,654.39     |                                 |         |                                       | 36,654.39  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,439.10    |                           | 189,439.10    |                                 |         |                                       | 189,439.10 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,759.81    |                           | 157,759.81    |                                 |         |                                       | 157,759.81 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,255.87     |                           | 45,255.87     |                                 |         |                                       | 45,255.87  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,030.71     |                           | 43,030.71     |                                 |         |                                       | 43,030.71  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 556,881,450.00 |                            | 16,080,265.96 |                           | 12.18         |                           | 16,080,278.14 |                                 |         |                                       | 12.18      |   | 0.00             |                             | 540,801,184.04 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 33,170,672.61  |                            | 2,052,878.64  |                           | 35,223,551.25 |                           | 0.00          |                                 | 2,052,878.64 |                                       | 0.00       |   | 1,071,713,194.28 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 33,170,672.61  |                            | 2,052,878.64  |                           | 35,223,551.25 |                           | 0.00          |                                 | 2,052,878.64 |                                       | 0.00       |   | 1,071,713,194.28 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | October                  25, 2005                               |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 87,087,472.44  |                            | 12,267,284.38 |                           | 277,042.66    |                           | 12,544,327.04 |                                 |         |                                       | 277,042.66 |   | 0.00             |                             | 74,820,188.06  |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,088.01    |                           | 101,088.01    |                                 |         |                                       | 101,088.01 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,485.22    |                           | 141,485.22    |                                 |         |                                       | 141,485.22 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,368.55    |                           | 134,368.55    |                                 |         |                                       | 134,368.55 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,842.96     |                           | 43,842.96     |                                 |         |                                       | 43,842.96  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,711.49     |                           | 57,711.49     |                                 |         |                                       | 57,711.49  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 126,268,742.05 |                            | 4,668,393.74  |                           | 414,906.17    |                           | 5,083,299.91  |                                 |         |                                       | 414,906.17 |   | 0.00             |                             | 121,600,348.31 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 31,567,185.52  |                            | 1,167,098.44  |                           | 106,268.86    |                           | 1,273,367.30  |                                 |         |                                       | 106,268.86 |   | 0.00             |                             | 30,400,087.08  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 32,988,610.23  |                            | 1,624,714.46  |                           | 108,928.56    |                           | 1,733,643.02  |                                 |         |                                       | 108,928.56 |   | 0.00             |                             | 31,363,895.77  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 26,778.45     |                           | 26,778.45     |                                 |         |                                       | 26,778.45  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 23,436.19     |                           | 23,436.19     |                                 |         |                                       | 23,436.19  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 34,335.37     |                           | 34,335.37     |                                 |         |                                       | 34,335.37  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 34,335.37     |                           | 34,335.37     |                                 |         |                                       | 34,335.37  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,413.67    |                           | 189,413.67    |                                 |         |                                       | 189,413.67 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,738.64    |                           | 157,738.64    |                                 |         |                                       | 157,738.64 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,249.79     |                           | 45,249.79     |                                 |         |                                       | 45,249.79  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,024.93     |                           | 43,024.93     |                                 |         |                                       | 43,024.93  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 540,801,184.04 |                            | 18,696,333.46 |                           | 8.91          |                           | 18,696,342.37 |                                 |         |                                       | 8.91       |   | 0.00             |                             | 522,104,850.58 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 38,423,824.48  |                            | 1,939,963.80  |                           | 40,363,788.28 |                           | 0.00          |                                 | 1,939,963.80 |                                       | 0.00       |   | 1,033,289,369.80 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 38,423,824.48  |                            | 1,939,963.80  |                           | 40,363,788.28 |                           | 0.00          |                                 | 1,939,963.80 |                                       | 0.00       |   | 1,033,289,369.80 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|------------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | November                  25, 2005                              |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |             | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 74,820,188.06  |                            | 7,638,330.51  |                           | 267,800.39    |                           | 7,906,130.90  |                                 |         |                                       | 267,800.39 |   | 0.00             |                             | 67,181,857.55  |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,088.61    |                           | 101,088.61    |                                 |         |                                       | 101,088.61 |   | 0.00             |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,486.06    |                           | 141,486.06    |                                 |         |                                       | 141,486.06 |   | 0.00             |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,369.35    |                           | 134,369.35    |                                 |         |                                       | 134,369.35 |   | 0.00             |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,843.22     |                           | 43,843.22     |                                 |         |                                       | 43,843.22  |   | 0.00             |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,711.84     |                           | 57,711.84     |                                 |         |                                       | 57,711.84  |   | 0.00             |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 121,600,348.31 |                            | 4,892,140.84  |                           | 448,847.80    |                           | 5,340,988.64  |                                 |         |                                       | 448,847.80 |   | 0.00             |                             | 116,708,207.47 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 30,400,087.08  |                            | 1,223,035.21  |                           | 114,829.14    |                           | 1,337,864.35  |                                 |         |                                       | 114,829.14 |   | 0.00             |                             | 29,177,051.87  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 31,363,895.77  |                            | 1,754,088.88  |                           | 116,309.56    |                           | 1,870,398.44  |                                 |         |                                       | 116,309.56 |   | 0.00             |                             | 29,609,806.89  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 29,741.92     |                           | 29,741.92     |                                 |         |                                       | 29,741.92  |   | 0.00             |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 25,945.82     |                           | 25,945.82     |                                 |         |                                       | 25,945.82  |   | 0.00             |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 34,315.25     |                           | 34,315.25     |                                 |         |                                       | 34,315.25  |   | 0.00             |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 34,315.25     |                           | 34,315.25     |                                 |         |                                       | 34,315.25  |   | 0.00             |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,414.80    |                           | 189,414.80    |                                 |         |                                       | 189,414.80 |   | 0.00             |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,739.57    |                           | 157,739.57    |                                 |         |                                       | 157,739.57 |   | 0.00             |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,250.06     |                           | 45,250.06     |                                 |         |                                       | 45,250.06  |   | 0.00             |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,025.19     |                           | 43,025.19     |                                 |         |                                       | 43,025.19  |   | 0.00             |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00             |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 522,104,850.58 |                            | 14,634,054.94 |                           | 0.00          |                           | 14,634,054.94 |                                 |         |                                       | 0.00       |   | 0.00             |                             | 507,470,795.64 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |             |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 30,141,650.38  |                            | 1,986,033.83  |                           | 32,127,684.21 |                           | 0.00          |                                 | 1,986,033.83 |                                       | 0.00       |   | 1,003,147,719.42 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 30,141,650.38  |                            | 1,986,033.83  |                           | 32,127,684.21 |                           | 0.00          |                                 | 1,986,033.83 |                                       | 0.00       |   | 1,003,147,719.42 |

----

|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |           |                             |           |
|------------------------------------------------------|--------|----------------------------|-----------------------------------------------------------------|-------------------------------------|----------------|---------------------------------|---------------|--------------------------------|---------------|--------------------------------|---------------|--------------------------------------|--------------|--------------------------------------------|------------|--------|----------------|----------------------------------|----------------|
| Payable                  Date                        |   |                            | December                  27, 2005                              |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |           |                             |           |
| Client                  34033                        |   |                            | Popular                  ABS Mortgage Pass-Through Trust 2005-1 |                                |           |                            |          |                           |          |                           |          |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |           |                             |           |
| Pool                  Number                  Series |   | Cusip                  No. |                                                            | Beginning                  Prin Bal |           | Principal                  Paid |          | Interest                  Paid |          | Total                  Distrib |          | Interest                  Adjustment |         | Net                  Interest Distribution |       | Other  |           | Ending                  Prin Bal |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |           |                             |           |
| af1                                                  |   |                       | 73316PBH2                                                       |                                | 67,181,857.55  |                            | 8,960,043.58  |                           | 257,397.42    |                           | 9,217,441.00  |                                 |         |                                       | 257,397.42 |   | 0.00           |                             | 58,221,813.97  |
| af2                                                  |   |                       | 73316PBJ8                                                       |                                | 31,000,000.00  |                            | 0.00          |                           | 101,088.74    |                           | 101,088.74    |                                 |         |                                       | 101,088.74 |   | 0.00           |                             | 31,000,000.00  |
| af3                                                  |   |                       | 73316PBK5                                                       |                                | 41,000,000.00  |                            | 0.00          |                           | 141,486.23    |                           | 141,486.23    |                                 |         |                                       | 141,486.23 |   | 0.00           |                             | 41,000,000.00  |
| af4                                                  |   |                       | 73316PBL3                                                       |                                | 35,000,000.00  |                            | 0.00          |                           | 134,369.52    |                           | 134,369.52    |                                 |         |                                       | 134,369.52 |   | 0.00           |                             | 35,000,000.00  |
| af5                                                  |   |                       | 73316PBM1                                                       |                                | 10,060,000.00  |                            | 0.00          |                           | 43,843.27     |                           | 43,843.27     |                                 |         |                                       | 43,843.27  |   | 0.00           |                             | 10,060,000.00  |
| af6                                                  |   |                       | 73316PBN9                                                       |                                | 15,000,000.00  |                            | 0.00          |                           | 57,711.91     |                           | 57,711.91     |                                 |         |                                       | 57,711.91  |   | 0.00           |                             | 15,000,000.00  |
| av1a                                                 |   |                       | 73316PBP4                                                       |                                | 116,708,207.47 |                            | 6,662,507.00  |                           | 460,633.58    |                           | 7,123,140.58  |                                 |         |                                       | 460,633.58 |   | 0.00           |                             | 110,045,700.47 |
| av1b                                                 |   |                       | 73316PBQ2                                                       |                                | 29,177,051.87  |                            | 1,665,626.75  |                           | 117,751.32    |                           | 1,783,378.07  |                                 |         |                                       | 117,751.32 |   | 0.00           |                             | 27,511,425.12  |
| av2                                                  |   |                       | 73316PBR0                                                       |                                | 29,609,806.89  |                            | 1,123,241.14  |                           | 117,392.70    |                           | 1,240,633.84  |                                 |         |                                       | 117,392.70 |   | 0.00           |                             | 28,486,565.75  |
| b1                                                   |   |                       | 73316PBW9                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 31,555.34     |                           | 31,555.34     |                                 |         |                                       | 31,555.34  |   | 0.00           |                             | 6,250,000.00   |
| b2                                                   |   |                       | 73316PBX7                                                       |                                | 5,000,000.00   |                            | 0.00          |                           | 27,440.13     |                           | 27,440.13     |                                 |         |                                       | 27,440.13  |   | 0.00           |                             | 5,000,000.00   |
| b3                                                   |   |                       | 73316PBY5                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 34,300.15     |                           | 34,300.15     |                                 |         |                                       | 34,300.15  |   | 0.00           |                             | 6,250,000.00   |
| b4                                                   |   |                       | 73316PBZ2                                                       |                                | 6,250,000.00   |                            | 0.00          |                           | 34,300.15     |                           | 34,300.15     |                                 |         |                                       | 34,300.15  |   | 0.00           |                             | 6,250,000.00   |
| m1                                                   |   |                       | 73316PBS8                                                       |                                | 44,060,000.00  |                            | 0.00          |                           | 189,415.03    |                           | 189,415.03    |                                 |         |                                       | 189,415.03 |   | 0.00           |                             | 44,060,000.00  |
| m2                                                   |   |                       | 73316PBT6                                                       |                                | 34,380,000.00  |                            | 0.00          |                           | 157,739.77    |                           | 157,739.77    |                                 |         |                                       | 157,739.77 |   | 0.00           |                             | 34,380,000.00  |
| m3                                                   |   |                       | 73316PBU3                                                       |                                | 9,690,000.00   |                            | 0.00          |                           | 45,250.12     |                           | 45,250.12     |                                 |         |                                       | 45,250.12  |   | 0.00           |                             | 9,690,000.00   |
| m4                                                   |   |                       | 73316PBV1                                                       |                                | 9,060,000.00   |                            | 0.00          |                           | 43,025.24     |                           | 43,025.24     |                                 |         |                                       | 43,025.24  |   | 0.00           |                             | 9,060,000.00   |
| r1                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00           |                             | 0.00           |
| r2                                                   |   |                       | N/A                                                             |                                | 0.00           |                            | 0.00          |                           | 0.00          |                           | 0.00          |                                 |         |                                       | 0.00       |   | 0.00           |                             | 0.00           |
| x                                                    |   |                       | N/A                                                             |                                | 507,470,795.64 |                            | 17,622,925.04 |                           | 0.00          |                           | 17,622,925.04 |                                 |         |                                       | 0.00       |   | 0.00           |                             | 489,847,870.60 |
|                                                 |   |                       |                                                            |                                |           |                            |          |                           |          |                           |          |                                 |         |                                       |       |   |           |                             |           |
|                                                 |   |                       | **Payable                  Totals**                             |                                | 36,034,343.51  |                            | 1,994,700.62  |                           | 38,029,044.13 |                           | 0.00          |                                 | 1,994,700.62 |                                       | 0.00       |   | 967,113,375.91 |
|                                                 |   |                       | **Grand                  Totals**                               |                                | 36,034,343.51  |                            | 1,994,700.62  |                           | 38,029,044.13 |                           | 0.00          |                                 | 1,994,700.62 |                                       | 0.00       |   | 967,113,375.91 |

----