Exhibit 4.

1
EX-4 2 exhibit41 .htm EXHIBIT 4.1

* ~&~ *

EXECUTION AEGIS ASSET BACKED SECURITIES CORPORATION, Depositor AEGIS MORTGAGE CORPORATION, Seller WELLS FARGO BANK, N.A., Master Servicer, Securities Administrator and Custodian OCWEN LOAN SERVICING, LLC, Servicer MORTGAGERAMP, INC., Credit Risk Manager and WACHOVIA BANK, NATIONAL ASSOCIATION, Trustee

POOLING AND SERVICING AGREEMENT Dated as of October 1, 2005 AEGIS ASSET BACKED SECURITIES TRUST MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-5

http://sec.gov/Archives/edgar/data/1343123/000116231805000986/exhibit41.htm

4/24/2011

PROSPECTUS SUPPLEMENT (To Prospectus dated June 10, 2005)

$1,165,200,000 (Approximate)

AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2005-5

egis
Aegis Mortgage Corporation, Aegis Asset Backed Securities Corporation, Sponsor and Seller Depositor Wells Fargo Bank, N.A., Master Servicer
The trust fund will issue certificates including the following classes offered hereby: Five classes of senior certificates. Eleven classes of subordinate certificates. The classes of certificates offered by this prospectus supplement are listed, together with their initial class principal amounts and interest rates, under "Summary of TermsThe Offered Certificates" on page S-2 of this prospectus supplement. This prospectus supplement and the accompanying prospectus relate only to the offering of the certificates listed in the table on page S-2 and not to any other classes of certificates that will be issued by the trust fund as described in this prospectus supplement. Principal and interest on each class of offered certificates will be payable monthly beginning in November 2005. Credit enhancement for the offered certificates will include excess interest, overcollateralization, subordination, loss allocation and limited cross-collateralization features. Amounts payable under an interest rate swap agreement provided by Bear Stearns Financial Products Inc. will be applied to pay certain interest shortfalls, maintain overcollateralization and repay certain losses on the certificates. The assets of the trust fund will primarily consist of two pools of conventional, first and second lien, adjustable and fixed rate, fully amortizing and balloon, residential mortgage loans that were originated in accordance with underwriting guidelines that are not as strict as Fannie Mae and Freddie Mac guidelines. After the closing date, but before November 18, 2005, we expect that the trust fund will acquire additional mortgage loans as described under "Description of the Mortgage PoolsConveyance of Subsequent Mortgage Loans" in this prospectus supplement. Investing in the offered certificates involves risks. You should consider carefully the factors discussed under "Risk Factors" beginning on page S-15 of this prospectus supplement and page 4 of the accompanying prospectus. The certificates will represent interests in the trust fund only and will not represent interests in or obligations of any other entity. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved the certificates or determined that this prospectus supplement or the accompanying prospectus is accurate or complete. Any representation to the contrary is a criminal offense. The certificates offered by this prospectus supplement will be purchased by the underwriters from Aegis Asset Backed Securities Corporation, and are being offered from time to time for sale to the public in negotiated transactions or otherwise at varying prices to be determined at the time of sale. The underwriters have the right to reject any order. Proceeds to Aegis Asset Backed Securities Corporation from the sale of these certificates will be approximately 99.75% of their initial total class principal amount before deducting expenses. On or about October 28, 2005, delivery of the certificates offered by this prospectus supplement will be made through the book-entry facilities of The Depository Trust Company, Clearstream Banking Luxembourg and the Euroclear System.

Bear, Stearns & Co. Inc. Credit Suisse First Boston Lehman Brothers UBS Investment Bank
The date of this prospectus supplement is October 14, 2005.

Summary of Terms This summary highlights selected information from this document and does not contain all of the information that you need to consider in making your investment decision. To understand all of the terms of the offering of the certificates, it is necessary that you read carefully this entire document and the accompanying prospectus. While this summary contains an overview of certain calculations, cashflow priorities and other information to aid your understanding, you should read carefully the full description of these calculations, cashflow priorities and other information in this prospectus supplement and the accompanying prospectus before making any investment decision. Whenever we refer to a percentage of some or all of the mortgage loans in the trust fund or in a mortgage pool, that percentage has been calculated on the basis of the total scheduled principal balance as of October 1, 2005 of the mortgage loans included in the statistical mortgage pool described in this prospectus supplement, unless we specify otherwise. We explain in this prospectus supplement under "Description of the Mortgage PoolsGeneral" how the statistical mortgage pool may vary from the initial mortgage loans delivered on the closing date and under "Description of the CertificatesDistributions of Principal" how the scheduled principal balance of a mortgage loan is determined. Whenever we refer in this summary of terms or in the risk factors section of this prospectus supplement to the total principal balance of any mortgage loans, we mean the total of their scheduled principal balances unless we specify otherwise. Parties Sponsor and Seller Aegis Mortgage Corporation. Originators Aegis Funding Corporation, Aegis Lending Corporation and various other banks, savings and loans and other mortgage lending institutions originated the mortgage loans to be included in the trust fund. Depositor Aegis Asset Backed Securities Corporation, a Delaware special purpose corporation. The Depositor maintains its principal offices at 3250 Briarpark, Suite 400, Houston, Texas 77042. Its telephone number is (713) 787-0100. Issuing Entity Aegis Asset Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-5, a common law trust formed under the laws of the State of New York. Trustee Wachovia Bank, National Association. Master Servicer Wells Fargo Bank, N.A. Servicer Ocwen Loan Servicing, LLC. Interim Subservicer Aegis Mortgage Corporation. Credit Risk Manager MortgageRamp, Inc. will monitor and advise the servicer with respect to default management of the mortgage loans. Swap Counterparty The trustee will enter into an interest rate swap agreement with Bear Stearns Financial Products Inc. to protect against certain interest rate risk from the distribution date in November 2005 through the distribution date in October 2010. Securities Administrator Wells Fargo Bank, N.A. Custodian Wells Fargo Bank, N.A.

S-l

In addition, as described under "The Sale Agreement and the Pooling and Servicing Agreement Optional Purchase of Distressed Mortgage Loans," the majority Class X Certificateholders will have the right to purchase any Mortgage Loan that becomes 90 or more days delinquent in payment. See "Mortgage Loan ServicingOptional Purchase of Distressed Mortgage Loans" below. The Securities Administrator and the Custodian Wells Fargo Bank, N.A. ("Wells Fargo") will be appointed securities administrator under the Pooling and Servicing Agreement (referred to in such capacity as the "Securities Administrator") and, as such, will be responsible for preparing certain investor reports, including the monthly distribution date statement to Certificateholders, providing monthly calculations to the Trustee regarding distributions to Certificateholders and acting as Certificate Registrar and paying agent ("Paying Agent"). The Securities Administrator will be compensated by the Master Servicer for its services. In addition, any investment income on funds in the Distribution Account established and maintained by the Securities Administrator, on behalf of the Trustee pursuant to the Pooling and Servicing Agreement, will be paid to the Securities Administrator. The Securities Administrator will be entitled to reimbursement from the Trust Fund for certain expenses prior to distribution of any amounts to Certificateholders. The office of the Securities Administrator for purposes of transfers and surrender of the Certificates is located at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Aegis 2005-5, and for all other purposes is P.O. Box 98, Columbia, Maryland 21046, Attention: Aegis 2005-5 (or for overnight delivery at 9062 Old Annapolis Road, Columbia, Maryland 21045-1951, Attention: Client Manager Aegis 2005-5), or any other address that the Securities Administrator may designate from time to time by notice to the Certificateholders, the Depositor and the Trustee. The Securities Administrator may resign at any time, in which event the Trustee will be obligated to appoint a successor Securities Administrator. The Trustee may also remove the Securities Administrator if the Securities Administrator ceases to be eligible to continue as such under the Pooling and Servicing Agreement or if the Securities Administrator becomes incapable of acting, bankrupt, insolvent or if a receiver takes charge of the Securities Administrator or its property. Upon such resignation or removal of the Securities Administrator, the Trustee will be entitled to appoint a successor Securities Administrator. The Securities Administrator may also be removed at any time by the holders of Certificates evidencing ownership of not less than 51% of the Trust Fund. Any resignation or removal of the Securities Administrator and appointment of a successor Securities Administrator will not become effective until acceptance of the appointment by the successor Securities Administrator. If at any time Wells Fargo resigns, or transfers or assigns its rights and obligations, or is removed as Master Servicer, then at such time, Wells Fargo will be terminated as Securities Administrator. In such event, the obligations of each such party shall be assumed by the Trustee or any successor master servicer or securities administrator appointed by the Trustee. Wells Fargo will also act as custodian (the "Custodian") of the Mortgage Loan documents without additional compensation. The Trustee Wachovia Bank, National Association, a national banking association, will be the trustee (the "Trustee") under the Pooling and Servicing Agreement. The Trustee will be paid a fixed annual fee (the "Trustee Fee"), and will be entitled to reimbursement from the Trust Fund for expenses and certain other amounts prior to distribution of any amounts to Certificateholders in accordance with the Pooling and Servicing Agreement. The Trustee's "Corporate Trust Office" is located at 401 S. Tryon Street, Charlotte, North Carolina 28288-1179, Attention: AEGIS 2005-5, or any other address that the Trustee may designate from time to time by notice to the Certificateholders, the Depositor, the Securities Administrator, the Master Servicer and the Servicer.

S-65

the final payment or other liquidation of the last Mortgage Loan; the disposition of all property acquired in respect of any Mortgage Loan remaining in the trust; and exercise by the majority Class X Certificateholders of their right to purchase the Mortgage Loans and other property of the Trust Fund as described under "Description of the CertificatesOptional Purchase of Mortgage Loans."

Sale of the Mortgage Loans In connection with the sale of the Mortgage Loans by the Depositor to the Trustee on the Closing Date, the Depositor will be required to deliver a loan file to the Custodian with respect to each Mortgage Loan consisting of, as to each Mortgage Loan: the original mortgage note endorsed to the order of the Trustee or in blank, or a lost note affidavit in lieu thereof, with all prior and intervening endorsements; the original recorded mortgage or a certified copy thereof, or if the original mortgage has been submitted for recordation but has not been returned by the applicable public recording office, a certified copy thereof; for any Mortgage Loan not recorded with the MERS System, the original assignment of the mortgage to the Trustee or in blank, in recordable form (except as described below); each original recorded intervening assignment of the mortgage as may be necessary to show a complete chain of title to the Trustee, or if any assignment has been submitted for recordation but has not been returned from the applicable public recording office or is otherwise not available, a certified copy thereof; the original title insurance policy, certificate of title insurance or written commitment, or a copy of such policy certified as true and correct by the insurer; and the original or certified copies of each assumption agreement, modification agreement, written assurance or substitution agreement, if any.

Each transfer of the Mortgage Loans from the Seller to the Depositor and from the Depositor to the Trustee will be intended to be a sale of the Mortgage Loans and will be reflected as such in the Sale Agreement and the Pooling and Servicing Agreement, respectively. However, in the event of insolvency of either the Seller or the Depositor, a trustee in bankruptcy or a receiver or creditor of the insolvent party could attempt to recharacterize the sale of the Mortgage Loans by the insolvent party as a financing secured by a pledge of the Mortgage Loans. In the event that a court were to recharacterize the sale of the Mortgage Loans by either the Seller or the Depositor as a financing, each of the Depositor, as transferee of the mortgage loans from the Seller, and the Trustee will have a security interest in the Mortgage Loans transferred to it. The Trustee's security interest will be perfected by delivery of the mortgage notes to the Custodian on behalf of the Trustee. With respect to certain Mortgage Loans, it is expected that the mortgages or assignments of mortgage will have been recorded in the name of an agent on behalf of the holder of the related mortgage note. In that case, no mortgage assignment in favor of the Trustee will be required to be prepared, delivered or recorded. Instead, the Servicer will be required to take all actions as are necessary to cause the Trustee to be shown as the owner of the related mortgage loan on the records of the agent for purposes of the system of recording transfers of beneficial ownership of mortgages maintained by the agent. Assignments of mortgage will be recorded only to the extent necessary to perfect the security interest of the Trustee in a Mortgaged Property, as provided in the Pooling and Servicing Agreement. The Custodian, on behalf of the Trustee, is required to review each mortgage note and provide certification regarding receipt of such Mortgage Loan notes on or before the Closing Date and the Custodian is required to review the remainder of the Mortgage Loan file within a specified number of days after the Closing Date and provide a final certification on the entire loan file prior to the first anniversary of the Closing Date.

S-94

Broward County Property Appraiser's Network

http://bcpa.net/RecInfo.asp?URLJFolio=494124030400

LORI PARR SH

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Site Address

4441 NW36 COURT , LAUDERDALE LAKES

ID#

4941 24 03 0400
2012
01

Property Owner USBANKNATRSTEE Mailing Address PO BOX 24737 WEST PALM BEACH FL 33415 Abbreviated Legal Description

Millage
Use

LAUDERDALE LAKES WEST GATE SEC 5 54-32 B LOT 15 BLK 3

The just values displayed below were set in compliance with Sec. 193.011, Fla. Stat., and include a reduction for costs of sale and other adjustments required by Sec. 193.011(8). Property Assessment Values Click here to see 2011 Exemptions and Taxable Values to be reflected on Nov. 1, 2011 tax bill. Year Land $11,380 $11,380 $16,250 Building $146,280 $146,280 $131,780 Just/ Market Value $157,660 $157,660 $148,030 Assessed / SOH Value $157,660 $157,660 $148,030 $4,842.80 $3,093.46
Tax

2012 2011 2010

IMPORTANT: The 2012 values currently shown are "roll over" values from 2011. These numbers will change frequently online as we make various adjustments until they are finalized on June 1. Please check back here AFTER June 1, 2012, to see the actual proposed 2012 assessments and portability values. 2012 Exemptions and Taxable Values by Taxing Authority County Just Value Portability Assessed/SOH Homestead Add. Homestead Wid/Vet/Dis Senior Exempt Type Taxable
0 0 0 0

School Board $157,660

0

Municipal $157,660
0

Independent $157,660
0

$157,660
0

$157,660
0

$157,660
0

$157,660
0

$157,660
0

$157,660 Sales History

$157,660

$157,660 Land Calculations

$157,660

Date 8/17/2010 9/9/2005 2/28/2003 8/1/1990 5/1/1974

Type CET-D
WD WD WD WD

Price $76,500 $270,000 $143,000 $84,000 $37,000

Book 47361 40564 34726

Page

Price

Factor 6,500

Type
SF

229
378

$1.75

981
959

17716

Adj. Bldg. S.F. (See Sketch) Beds/Baths Special Assessments

1654
4/2

Fire

Garbage

Light

Drainage

Improvement

Safe

of 2

3/13/20127:26 AM

6461

Plaintifi

x$76,500.00 08/17/201O L2:04:00

PM

Auction Closed

The final bid U.S. Bank, National Association, as Trustee for the ---- ----__i Trust. Mortgage Pass*Through Certificates, Series DY: zoos-s

;;;'ild;

-1:I1:-t?1?' ru,roo amount of: j#:

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Bid via Proxy

Final Bid Amount: $76,500.00 Clerk Fees: $0,00 Auction Fee: $60.00 Doc Stamps: 9535.50 Total oue: --E$zud

CIRCUIT CIVIL 2010 AUG 20 AM 9:31 FILED FOR RECORD CLERK OF CIRCUIT COURT BROWARD COUNTv. FLA.

Return to: AEGIS FUNDING CORPORATION ATTENTION: Final Docs P.O. BOX 421129 HOUSTON, TX 77242 Prepared under the supervision of: Michael L. Riddle Middleberg, Riddle & Gianna 717 N. Harwood, Suite 2400 - , Dallas, TX 75201 [/Jj ~^','J

INSTR# 10538761 3

'NT TAX: f1 $486 00 DEPUTY CLERK 3075 #2, 1 5 Pages

Folio:
[Space Above This Line For Recording Data)

Loan No: Borrower:

2000822791 DILINA PIERRE

Data ID: 995

MORTGAGE
DEFINITIONS

MIN: 100014720008227915

Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. ^' (A) "Security Instrument" means this document, which is dated September 9, 2005, together with all Riders to this document. (B) "Borrower" is DILINA PIERRE , A SINGLE WOMAN this Security Instrument. . Borrower is the mortgagor under

(C) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgagee under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. (D) "Lender" is AEGIS FUNDING CORPORATION. Lender is a Corporation organized and existing under the laws of the State of DELAWARE. Lender's address is 3250 BRIARPARK DRIVE, SUITE 400, HOUSTON, TX 77042-4204. (E) "Note" means the promissory note signed by Borrower and dated September 9, 2005. The Note states that Borrower owes Lender TWO HUNDRED FORTY-THREE THOUSAND and NO/100 Dollars (U.S. $ 243,000,00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments arid to pay the debt in full not later than October 1, 2035. (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest.

FLORIDA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Modified by Middleberg, Riddle & Gianna Form 3010

1/01

(Page 1 of 11 Pages)

20008227910130

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Distribution Date: 27-Feb-2012

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Series 2005-5

Contact: Customer Service - CTSLmk Wells Fargo Bank, N A. Securities Administration Services 8480 Stagecoach Circle Frederick, MD 21701-4747 www.ctslink.com Telephone: 1-866-846-4526 Fax: 240-586-8675

REO Detail - All Mortgage Loans in REO during Current Period

Group 2 Arm 12 Month REO History

New REO Loans Loans in REO Original Principal Balance Current Scheduled Balance

3 374,700.00 447,963.16

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Current REO Total Loans in REO Original Principal Balance Current Scheduled Balance

28 4,6 1 6,620.00 4,675,188.47

Sroup 2 Fixed

12 Month REO History

New REO Loans Loans in REO Original Principal Balance Current Scheduled Balance

0 0.00 0.00

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Current REO Total Loans in REO Original Principal Balance Current Scheduled Balance

7 1 ,23 1 ,900.00 1,170,522.20

REO Loan Detail - All Mortgage Loans in REO during Current Period
Loan Number 0200236651 0200239531 0200239549 0200247237 0200247906 0200255198 0200262384 0200272987 0400162350 0400168308 Month Loan Entered REO Dec-2011 Nov-2008 Jul-2011 Oct-2011 Dec-2010 Apr-2010 Aug-2011 Sep-2010 Feb-2011 Mar-2010 First Payment Date Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Oct-2005 Ol-Nov-2005

Group Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Ann Group 1 Arm Group 1 Arm Group 1 Ann

State

LTV at Origination

Original Principal Balance 75,600.00 187,200.00 168,700.00 127,000.00 360,000.00 228,000.00 204,000.00 243,000.00 204,000.00 552,500.00 Paee 17

Current Scheduled Balance 79,094.81 181,544.34 164,955.48 137,676.17 360,000.00 219,793.33 239,034.47 238,071.85 225,119.08 356,635.23

Paid To Date Ol-Apr-2011 Ol-Apr-2007 Ol-Sep-2008 Ol-Jul-2009 Ol-Feb-2007 Ol-Jul-2007 Ol-Dec-2008 Ol-Sep-2008 Ol-Jul-2010 Ol-Mar-2008

Months Delinquent

Current Loan Rate 4.240% 5.825% 8.870% 5.950% 7.600% 6.450% 7.490% 9.640% 5.060% 9.000%

Approximate Delinquent Interest 2,474.88 53',673.79 48,632.83 19,387.37 141,390.00 68,513.36 29,641.33 74,888.52 16,255.33 118,781 89

AZ
IL FL OH NV TX FL FL VA OH

80.00 80.00 74.97 79.97 80.00 80.00 80.00 90.00 85.00 85.00

8 56 39 29 58 53 36 39 17 45

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Distribution Date: 27-Sep-2010

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Series 2005-5

Contact Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 8480 Stagecoach Circle Frederick, MD 21701-4747 www.ctslink.com Telephone: 1-866-846-4526 Fax: 240-586-8675

REO Loan Detail - All Mortgage Loans in REO during Current Period
Loan Number 0200255198 0200256105 0200257822 0200259497 0200264448 0200271930 0200272631 0200272987 0200274710 0200274892 0200283687 0200287266 0200297703 0400156279 0400160735 0400163259 0400168308 0400171492 0400178828 0500073721 0500075668 0500076237 0500082276 0500083779 0500084710 0500085220 0500086699 0500087762 0500087838 0500089594 0500091665 0200237691 0200246759 0200268829 0200295020 0200295798 0400157053 0400171765 0500087598 0200241206 Months Delinquent Current Loan Rate 6450% 5.950% 5.000% 4.476% 6.930% 6.840% 4.580% 9.640% 6.920% 8.420% 6.990% 5.950% 7.740% 7.000% 7.880% 10.693% 9.000% 8.740% 7.752% 3.950% 6.000% 7.000% 4.572% 6.875% 6.000% 7.620% 6.875% 4.518% 3.950% 7.000% 7.780% 6.910% 6.940% 8.180% 6.082% 8.420% 7.986% 6.350% 7.900% 9.800% Approximate Delinquent Interest 49,986.59 12,525.52 7,786.64 1,731.51 55,526.43 35,336.31 12,820.80 44,062.25 83,555.59 80,605.58 15,531.74 12,075.31 117,580.15 5,279.52 14,158.29 19,424.97 75,837.17 38,506.54 41,625.30 1,251.77 30,403.48 33,196.83 23,554.82 77,664.00 8,331.81 7,673.75 14,967.63 8,721.87 6,192.46 3,117.90 17,386.11 9,582.58 19,145.40 27,693.57 3,774.49 27,538.83 18,800.13 16,131.38 10,912.28 9,668.93

Group Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Ann Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Ann Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Aim Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Ann Group 1 Arm Group 1 Arm Group 1 Ann Group 1 Arm Group 1 Ann Group 1 Arm Group 1 Arm Group 1 Ann Group 1 Fixed Group 1 Fixed Group 1 Fixed Group 1 Fixed Group 1 Fixed Group 1 Fixed Group 1 Fixed Group 1 Fixed Group 2 Arm

Month Loan Entered REO Apr-2010 Jan-2010 Aug-2010 Aug-2010 Sep-2010 Mar-2010 Jun-2010 Sep-2010 Mar-2009 Sep-2010 Aug-2010 Sep-2010 Mar-2010 Jan-2010 May-2010 Nov-2008 Mar-2010 Jan-2010 May-2009 Sep-2010 Sep-2010 Aug-2009 Feb-2010 Feb-2010 Sep-2010 Aug-2010 Mar-2010 Oct-2009 Aug-2010 Aug-2010 Mar-2010 Apr-2010 Jun-2010 Sep-2010 Sep-2010 Jun-2010 Sep-2010 Sep-2009 Feb-2010 Jul-2010

First Payment Date Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Dec-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Dec-2005 Ol-Aug-2005 Ol-Sep-2005 Ol-Sep-2005 Ol-Sep-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Dec-2005 Ol-Dec-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Oct-2005

State TX TX NV
TX TX MA FL FL MD OH CA FL NY MI FL MI OH CT RI TX FL PA CA FL FL MO CO TX AZ VA AL TX OH SC TX FL OH VA TX OH

LTV at Origination
80.00 74.97 80.00 79.95 80.00 80.00 90.00 90.00 74.99 75.00 85.00 80.00 80.00 54.93 77.30 62.00 85.00 58.34 76.38 85.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 80.00 59.52 89.95 80.00 9202 79.97 79.97

Original Principal Balance 228,000.00 125,200.00 191,200.00 65,800.00 480,800.00 183,200.00 261,000.00 243,000.00 618,700.00 600,000.00 217,600.00 124,000.00 424,000.00 45,600.00 87,200.00 77,500.00 552,500.00 137,100.00 275,000.00 56,100.00 288,000.00 196,00000 360,000.00 325,920.00 144,000.00 160,000.00 156,000.00 116,400.00 161,600.00 80,000.00 127,920.00 97,600.00 148,000.00 88,000.00 50,000.00 171,800.00 173,600.00 173,000.00 131,920.00 63,900.00 Page 18

Current Scheduled Balance 219,793.33 144,923.83 171,203.73 74,119.70 511,329.34 183,200.00 251,389.75 238,071.85 526,024.56 554,823.28 216,368.31 147,708.23 415,243.34 54,712.72 91,902.25 81,667.11 356,635.23 134,511.07 286,984.04 61,716.48 285,176.41 187,172.69 359,101.83 325,920.00 139,690.67 160,825.17 155,845.79 143,225.20 164,109.53 79,605.53 123,657.61 98,526.73 142,662.07 86,318.82 57,370.25 166,652.76 167,337,53 183,897.06 125,433.40 62,377.65

Paid To Date Ol-Jul-2007 Ol-Feb-2009 01 -Sep-2009 01 -Feb-2010 Ol-Jan-2009 Ol-Feb-2008 Ol-Jun-2009 Ol-Sep-2008 Ol-Apr-2008 01 -Nov-2008 01 -Aug-2009 01 -Mar-2009 Ol-Jun-2007 01 -Mar-2009 Ol-Aug-2008 Ol-May-2008 Ol-Mar-2008 Ol-Sep-2007 Ol-Sep-2008 01 -Feb-2010 Ol-Oct-2008 Ol-Jun-2008 Ol-Feb-2009 Ol-Oct-2007 01 -Aug-2009 01 -Jan-2010 01 -May-2009 01 -Mar-2009 Ol-Aug-2009 01 -Feb-2010 Ol-Dec-2008 01 -Mar-2009 Ol-Aug-2008 Ol-Jul-2006 Ol-Jul-2009 Ol-Aug-2008 01 -Mar-2009 01 -Mar-2009 Ol-Jul-2009 Ol-Jan-2009

36 17 10 5 18 29 13 22 27 20 11 16 37 16 23 26 28 34 22 5 21 25 17 33 11 6 14 16 11 5 19 16 23 48 12 23 16 16 12 18

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Distribution Date: 25-Aug-2010

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Series 2005-5

lS-Aug-2010

Contact Customer Service - CTSLmk Wells Fargo Bank, N.A. Securities Administration Services 8480 Stagecoach Circle Frederick, MD 21701-4747 www.ctslink.com Telephone: 1-866-846-4526 Fax: 240-586-8675

Foreclosure Loan Detail - All Mortgage Loans in Foreclosure during Current Period
Loan Number 0200251353 0200252658 0200254423 0200255032 0200255909 0200256147 0200256592 0200256949 0200258481 0200260172 0200260891 0200262244 0200262384 0200264109 0200264448 0200265163 0200268100 0200270551 0200270999 0200272409 0200272987 0200274892 0200277754 0200280592 0200284875 0200285195 0200285971 0200286953 0200286987 0200287266 0200287720 0200287753 0200288116 0200289148 0200289189 0200291060 0200291300 0200295335 0200297638 0200297661 Current Loan Rate 7.350% 3.950% 6.195% 3.750% 9.390% 4.786% 6.575% 6.360% 6.870% 4.174% 6.755% 7.980% 3.950% 6.950% 6.930% 8.445% 7.930% 10.000% 3.950% 4.075% 9.640% 8.420% 6.000% 10.305% 6.500% 5.950% 5.170% 6.000% 7.120% 5.950% 7.170% 7.690% 6.000% 7.168% 3.950% 7.620% 5.040% 9.600% 3.950% 6.000%

Group
Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm Group 1 Arm

Month Loan Entered FC

May-2010 Jan-2010 Sep-2009 Jun-2010 Jul-2010 May-2010 Jun-2010 Aug-2010 Mar-2010 Jun-2010 Jun-2010 Nov-2009 Aug-2010 Feb-2010 Jun-2009 Mar-2010 Jan-2010 Jul-2010 Aug-2010 Mar-2009 Jan-2010 Jun-2010 Feb-2010 Jul-2010 Jun-2010 Jul-2009 Apr-2010 May-2010 Dec-2008 Aug-2009 May-2010 Sep-2008 Jun-2010 Jun-2009 Nov-2009 Sep-2009 Jul-2010 Aug-2010 Jun-2009 Oct-2008

First Payment Date

Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Oct-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Nov-2005 Ol-Dec-2005 Ol-Nov-2005 Ol-Dec-2005

State FL FL FL MA
NY CO NC FL NV GA IL OH FL NY TX FL FL TX FL FL FL OH FL IN NY NY TX WA NY FL NJ FL NY NY MA NY MA MO NY FL

LTV at Origination 88.00 95.00 80.00 80.00 80.00 80.00 80.00 80.00 74.99 79.99 80.00 80.00 80.00 79.97 80.00 63.04 74.96 89.87 80.00 74.97 90.00 75.00 90.00 84.96 80.00 80.00 71.05 90.00 80.00 80.00 79.99 80.00 80.00 59.16 75.00 89.78 58.46 80.00 80.00 80.00

Original Principal Balance 484,000.00 166,250.00 342,400.00 488,000.00 280,000.00 354,400.00 115,200.00 116,000.00 303,300.00 241,500.00 384,000.00 72,800.00 204,000.00 284,000.00 480,800.00 1 16,000.00 93,700.00 48,800.00 80,000.00 158,200.00 243,000.00 600,000.00 241,200.00 123,200.00 528,000.00 408,000.00 1,350,000.00 202,500.00 412,000.00 124,000.00 519,900.00 468,900.00 524,000.00 498,800.00 196,500.00 426,500.00 190,000.00 80,000.00 237,440.00 244,000.00 Page 23

Current Scheduled Balance

286,540.14 175,925.67 342,285.87 593,659.82 349,616.18 379,314.43 110,476.27 110,561.91 287,537.04 291,544.77 384,000.00 67,878.39 239,034.47 320,802.12 512,000.96 113,854.39 89,889.37 54,962.89 90,758.77 167,554.70 238,071.85 554,823.28 230,248.65 119,896.63 585,753.25 504,863.46 1,565,984.57 176,447.28 399,342.11 147,708.23 587,651.98 468,900.00 505,676.20 497,766.52 225,150.69 493,375.97 238,642.75 86,539.67 236,320.32 266,020.98

Paid To Date 01 -Sep-2008 01 -Aug-2009 Ol-Apr-2009 01 -Jan-2010 01 -Dec-2008 Ol-Dec-2009 Ol-Jan-2008 Ol-Oct-2009 Ol-Oct-2009 01 -Sep-2009 Ol-Dec-2007 01 -Jun-2009 01 -Dec-2008 Ol-Sep-2009 Ol-Jan-2009 Ol-Nov-2007 01 -Aug-2009 01 -Feb-2010 Ol-Oct-2009 01 -Oct-2008 Ol-Sep-2008 Ol-Nov-2008 Ol-Jan-2009 01 -Jul-2009 Ol-Dec-2009 Ol-Jan-2009 01 -Nov-2009 Ol-Sep-2008 Ol-Feb-2007 01 -Mar-2009 Ol-Dec-2009 Ol-Apr-2007 01 -Jan-2010 Ol-Nov-2008 Ol-May-2009 Ol-Apr-2009 01 -Feb-2010 Ol-Sep-2009 Ol-Dec-2008 Ol-May-2008

Months Delinquent
21 10 14 5 18 6 29 8 8 9 30 12 18 9 17 31 10 4 8 20 21 19 17 11 6 17 7 21 40 15 6 38 5 19 13 14 4 9 18 25

Approximate Delinquent Interest

37,711.07 6,070.00 27,138.98 12,528.47 51,845.30 10,921.77 21,454.18 5,525.34 15,366.10 9,869.54 76,032.00 6,075.43 13,745.62 18,971.17 52,782.95 28,643.24 6,684.25 2,618.65 2,612.24 10,996.13 42,248.94 76,94375 20,064.26 12,744.45 23,566.58 43,131.82 55,026.38 18,920.12 108,569.83 11,404.47 26,142.23 129,072.44 16,321.93 58,131.41 9,710.81 46,449.48 5,429.84 7,218.86 13,595.54 32,873.65