Exhibit 4.1 * ~&~ * — —

EX-4 2 exhibit41 .htm EXHIBIT 4.1EXECUTION

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 TRUSTMortgage Pass-Through Certificates, Series 2005-5

egisAegis Mortgage Corporation, Aegis Asset Backed Securities Corporation,

Sponsor and Seller DepositorWells 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 classprincipal amounts and interest rates, under "Summary of Terms—The Offered Certificates" on page S-2 of thisprospectus supplement. This prospectus supplement and the accompanying prospectus relate only to the offering ofthe certificates listed in the table on page S-2 and not to any other classes of certificates that will be issued by thetrust fund as described in this prospectus supplement. Principal and interest on each class of offered certificates willbe payable monthly beginning in November 2005. Credit enhancement for the offered certificates will include excessinterest, overcollateralization, subordination, loss allocation and limited cross-collateralization features. Amountspayable under an interest rate swap agreement provided by Bear Stearns Financial Products Inc. will be applied topay 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, adjustableand fixed rate, fully amortizing and balloon, residential mortgage loans that were originated in accordance withunderwriting guidelines that are not as strict as Fannie Mae and Freddie Mac guidelines. After the closing date, butbefore November 18, 2005, we expect that the trust fund will acquire additional mortgage loans as described under"Description of the Mortgage Pools—Conveyance of Subsequent Mortgage Loans" in this prospectus supplement.

Investing in the offered certificates involves risks. You should consider carefully the factors discussedunder "Risk Factors" beginning on page S-15 of this prospectus supplement and page 4 of theaccompanying prospectus.

The certificates will represent interests in the trust fund only and will not represent interests in or obligations ofany other entity.

Neither the Securities and Exchange Commission nor any state securities commission has approved ordisapproved the certificates or determined that this prospectus supplement or the accompanying prospectusis 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 AssetBacked Securities Corporation, and are being offered from time to time for sale to the public in negotiated transactionsor 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 approximately99.75% 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 madethrough the book-entry facilities of The Depository Trust Company, Clearstream Banking Luxembourg and theEuroclear System.

Bear, Stearns & Co. Inc.Credit Suisse First Boston

Lehman BrothersUBS 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 theinformation that you need to consider in making your investment decision. To understand all ofthe terms of the offering of the certificates, it is necessary that you read carefully this entiredocument and the accompanying prospectus.

While this summary contains an overview of certain calculations, cashflow priorities and otherinformation to aid your understanding, you should read carefully the full description of thesecalculations, cashflow priorities and other information in this prospectus supplement and theaccompanying 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 amortgage pool, that percentage has been calculated on the basis of the total scheduled principalbalance as of October 1, 2005 of the mortgage loans included in the statistical mortgage pooldescribed in this prospectus supplement, unless we specify otherwise. We explain in thisprospectus supplement under "Description of the Mortgage Pools—General" how the statisticalmortgage pool may vary from the initial mortgage loans delivered on the closing date and under"Description of the Certificates—Distributions of Principal" how the scheduled principal balanceof a mortgage loan is determined. Whenever we refer in this summary of terms or in the riskfactors 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 LendingCorporation and various other banks, savings andloans and other mortgage lending institutionsoriginated the mortgage loans to be included inthe trust fund.

Depositor

Aegis Asset Backed Securities Corporation,a Delaware special purpose corporation. TheDepositor maintains its principal offices at 3250Briarpark, Suite 400, Houston, Texas 77042. Itstelephone number is (713) 787-0100.

Issuing Entity

Aegis Asset Backed Securities TrustMortgage Pass-Through Certificates, Series2005-5, a common law trust formed under thelaws of the State of New York.

Trustee

Wachovia Bank, National Association.

Securities Administrator

Wells Fargo Bank, N.A.

Custodian

Wells Fargo Bank, N.A.

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 advisethe servicer with respect to default managementof the mortgage loans.

Swap Counterparty

The trustee will enter into an interest rateswap agreement with Bear Stearns FinancialProducts Inc. to protect against certain interestrate risk from the distribution date in November2005 through the distribution date in October2010.

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 havethe right to purchase any Mortgage Loan that becomes 90 or more days delinquent in payment. See"Mortgage Loan Servicing—Optional 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 thePooling 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 distributiondate statement to Certificateholders, providing monthly calculations to the Trustee regardingdistributions to Certificateholders and acting as Certificate Registrar and paying agent ("PayingAgent"). The Securities Administrator will be compensated by the Master Servicer for its services. Inaddition, any investment income on funds in the Distribution Account established and maintained bythe Securities Administrator, on behalf of the Trustee pursuant to the Pooling and ServicingAgreement, will be paid to the Securities Administrator. The Securities Administrator will be entitledto reimbursement from the Trust Fund for certain expenses prior to distribution of any amounts toCertificateholders. The office of the Securities Administrator for purposes of transfers and surrenderof 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, Maryland21045-1951, Attention: Client Manager Aegis 2005-5), or any other address that the SecuritiesAdministrator may designate from time to time by notice to the Certificateholders, the Depositor andthe Trustee.

The Securities Administrator may resign at any time, in which event the Trustee will be obligatedto appoint a successor Securities Administrator. The Trustee may also remove the SecuritiesAdministrator if the Securities Administrator ceases to be eligible to continue as such under thePooling 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. Uponsuch resignation or removal of the Securities Administrator, the Trustee will be entitled to appoint asuccessor Securities Administrator. The Securities Administrator may also be removed at any time bythe holders of Certificates evidencing ownership of not less than 51% of the Trust Fund. Anyresignation or removal of the Securities Administrator and appointment of a successor SecuritiesAdministrator will not become effective until acceptance of the appointment by the successorSecurities Administrator. If at any time Wells Fargo resigns, or transfers or assigns its rights andobligations, or is removed as Master Servicer, then at such time, Wells Fargo will be terminated asSecurities Administrator. In such event, the obligations of each such party shall be assumed by theTrustee 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 documentswithout 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 andcertain other amounts prior to distribution of any amounts to Certificateholders in accordance withthe 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 addressthat 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 thetrust; and

• exercise by the majority Class X Certificateholders of their right to purchase the MortgageLoans and other property of the Trust Fund as described under "Description of theCertificates—Optional 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 theClosing Date, the Depositor will be required to deliver a loan file to the Custodian with respect toeach 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 noteaffidavit in lieu thereof, with all prior and intervening endorsements;

• the original recorded mortgage or a certified copy thereof, or if the original mortgage hasbeen submitted for recordation but has not been returned by the applicable public recordingoffice, a certified copy thereof;

• for any Mortgage Loan not recorded with the MERS System®, the original assignment of themortgage 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 acomplete chain of title to the Trustee, or if any assignment has been submitted for recordationbut has not been returned from the applicable public recording office or is otherwise notavailable, a certified copy thereof;

• the original title insurance policy, certificate of title insurance or written commitment, or acopy of such policy certified as true and correct by the insurer; and

• the original or certified copies of each assumption agreement, modification agreement, writtenassurance or substitution agreement, if any.

Each transfer of the Mortgage Loans from the Seller to the Depositor and from the Depositor tothe Trustee will be intended to be a sale of the Mortgage Loans and will be reflected as such in theSale Agreement and the Pooling and Servicing Agreement, respectively. However, in the event ofinsolvency of either the Seller or the Depositor, a trustee in bankruptcy or a receiver or creditor ofthe insolvent party could attempt to recharacterize the sale of the Mortgage Loans by the insolventparty as a financing secured by a pledge of the Mortgage Loans. In the event that a court were torecharacterize 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 asecurity interest in the Mortgage Loans transferred to it. The Trustee's security interest will beperfected 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 ofmortgage will have been recorded in the name of an agent on behalf of the holder of the relatedmortgage note. In that case, no mortgage assignment in favor of the Trustee will be required to beprepared, delivered or recorded. Instead, the Servicer will be required to take all actions as arenecessary to cause the Trustee to be shown as the owner of the related mortgage loan on the recordsof the agent for purposes of the system of recording transfers of beneficial ownership of mortgagesmaintained by the agent. Assignments of mortgage will be recorded only to the extent necessary toperfect the security interest of the Trustee in a Mortgaged Property, as provided in the Pooling andServicing Agreement.

The Custodian, on behalf of the Trustee, is required to review each mortgage note and providecertification regarding receipt of such Mortgage Loan notes on or before the Closing Date and theCustodian is required to review the remainder of the Mortgage Loan file within a specified number ofdays after the Closing Date and provide a final certification on the entire loan file prior to the firstanniversary of the Closing Date.

S-94

Broward County Property Appraiser's Network http://bcpa.net/RecInfo.asp?URLJFolio=494124030400

i /*\r\ r^ A n> n f* i iLORI PARR SH

Site Address

Property Owner

Mailing Address

4441 NW36 COURT , LAUDERDALE LAKES

USBANKNATRSTEE

PO BOX 24737 WEST PALM BEACH FL 33415

ID#

Millage

Use

4941 24 03 0400

2012

01

AbbreviatedLegalDescription

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 areduction for costs of sale and other adjustments required by Sec. 193.011(8).

Property Assessment ValuesClick here to see 2011 Exemptions and Taxable Values to be reflected on Nov. 1, 2011 tax bill.

Year Land Building Just/ MarketValue

Assessed /SOH Value Tax

2012 $11,380 $146,280 $157,660 $157,660

2011 $11,380 $146,280 $157,660 $157,660 $4,842.80

2010 $16,250 $131,780 $148,030 $148,030 $3,093.46

IMPORTANT: The 2012 values currently shown are "roll over" values from 2011. These numbers willchange 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 School Board Municipal Independent

Just Value $157,660 $157,660 $157,660 $157,660

Portability 0 0 0 0

Assessed/SOH $157,660 $157,660 $157,660 $157,660

Homestead 0 0 0 0

Add. Homestead

Wid/Vet/Dis

Senior

Exempt Type 0 0 0 0

Taxable $157,660 $157,660 $157,660 $157,660

Sales History Land Calculations

Date Type Price Book Page Price Factor Type

8/17/2010 CET-D $76,500 47361 229 $1.75 6,500 SF

9/9/2005 WD $270,000 40564 378

2/28/2003 WD $143,000 34726 981

8/1/1990 WD $84,000 17716 959

5/1/1974 WD $37,000 Adj. Bldg. S.F. (See Sketch) 1654

Beds/Baths 4/2

Special Assessments

Fire Garbage Light Drainage Improvement Safe

of 2 3/13/20127:26 AM

6461 PlaintifiAuction Closed

x$76,500.00

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

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

08/17/201O L2:04:00 PM

Final Bid Amount: $76,500.00Clerk Fees: $0,00

Auction Fee: $60.00Doc Stamps: 9535.50

Total oue: --E$zud* - Bid via Proxy

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

Return to: AEGIS FUNDING CORPORATIONATTENTION: Final DocsP.O. BOX 421129HOUSTON, TX 77242

Prepared under the supervision of:Michael L. RiddleMiddleberg, Riddle & Gianna717 N. Harwood, Suite 2400 - ,Dallas, TX 75201 [/Jj ~^»','J

INSTR# 10538761 3

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

Folio:Loan No: 2000822791Borrower: DILINA PIERRE

[Space Above This Line For Recording Data)

MORTGAGE

Data ID: 995

MIN: 100014720008227915

DEFINITIONS

Words used in multiple sections of this document are defined below and other words are defined inSections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this documentare also provided in Section 16.

^•'(A) "Security Instrument" means this document, which is dated September 9, 2005, together with allRiders to this document.

(B) "Borrower" is DILINA PIERRE , A SINGLE WOMAN . Borrower is the mortgagor underthis Security Instrument.

(C) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation thatis acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the mortgageeunder this Security Instrument. MERS is organized and existing under the laws of Delaware, and hasan 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 existingunder the laws of the State of DELAWARE. Lender's address is 3250 BRIARPARK DRIVE, SUITE400, HOUSTON, TX 77042-4204.

(E) "Note" means the promissory note signed by Borrower and dated September 9, 2005. The Notestates that Borrower owes Lender TWO HUNDRED FORTY-THREE THOUSAND andNO/100 Dollars (U.S. $ 243,000,00) plus interest. Borrower has promised to pay this debt in regularPeriodic 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 inthe Property."

(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and latecharges due under the Note, and all sums due under this Security Instrument, plus interest.

FLORIDA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENTModified by Middleberg, Riddle & Gianna Form 3010 1/01 (Page 1 of 11 Pages)

20008227910130

AEGIS Asset Backed Securities TrustMortgage Pass-Through CertificatesDistribution Date: 27-Feb-2012AEGIS Asset Backed Securities Trust

Mortgage Pass-Through CertificatesSeries 2005-5

REO Detail - All Mortgage Loans in REO during Current Period

Contact: Customer Service - CTSLmkWells Fargo Bank, N A.Securities Administration Services8480 Stagecoach CircleFrederick, MD 21701-4747www.ctslink.comTelephone: 1-866-846-4526Fax: 240-586-8675

Group 2 Arm

New REO LoansLoans in REO 3Original Principal Balance 374,700.00Current Scheduled Balance 447,963.16

Current REO TotalLoans in REO 28Original Principal Balance 4,6 1 6,620.00Current Scheduled Balance 4,675,188.47

Sroup 2 Fixed

New REO LoansLoans in REO 0Original Principal Balance 0.00Current Scheduled Balance 0.00

Current REO TotalLoans in REO 7Original Principal Balance 1 ,23 1 ,900.00Current Scheduled Balance 1,170,522.20

12 Month REO History

6.00%am3ft1

' " |j — jv^-lpT— "• •'•— 'W'jptf— ' — -~ " " " ~m I'Z'Z'/j? ' - • '•.'%'M$'S,f~%$~ ' ~'~~ ~ ~'^^~ ~~ ~

" "Iff" •" ~ " " "/^ </• -f •f ^ tf ff ^ <f f <f

12 Month REO History

Z

(

•

\ -'&£r- - ;

*^ ^ f # ^ * # j j f S

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

Group

Group 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 AnnGroup 1 ArmGroup 1 ArmGroup 1 Ann

LoanNumber

0200236651020023953102002395490200247237020024790602002551980200262384020027298704001623500400168308

Month LoanEntered REO

Dec-2011Nov-2008

Jul-2011Oct-2011Dec-2010Apr-2010Aug-2011Sep-2010Feb-2011Mar-2010

FirstPayment

Date

Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005

Ol-Nov-2005Ol-Oct-2005

Ol-Nov-2005

State

AZILFLOHNVTXFLFLVAOH

LTV atOrigination

80.0080.0074.9779.9780.0080.0080.0090.0085.0085.00

OriginalPrincipalBalance

75,600.00187,200.00168,700.00127,000.00360,000.00228,000.00204,000.00243,000.00204,000.00552,500.00

CurrentScheduledBalance

79,094.81181,544.34164,955.48137,676.17360,000.00219,793.33239,034.47238,071.85225,119.08356,635.23

Paid To Date

Ol-Apr-2011Ol-Apr-2007Ol-Sep-2008Ol-Jul-2009

Ol-Feb-2007Ol-Jul-2007

Ol-Dec-2008Ol-Sep-2008Ol-Jul-2010

Ol-Mar-2008

MonthsDelinquent

8563929585336391745

CurrentLoan Rate

4.240%5.825%8.870%5.950%7.600%6.450%7.490%9.640%5.060%9.000%

ApproximateDelinquent

Interest

2,474.8853',673.7948,632.8319,387.37

141,390.0068,513.3629,641.3374,888.5216,255.33

118,781 89

Paee 17

AEGIS Asset Backed Securities TrustMortgage Pass-Through CertificatesDistribution Date: 27-Sep-2010AEGIS Asset Backed Securities Trust

Mortgage Pass-Through CertificatesSeries 2005-5

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

Contact Customer Service - CTSLinkWells Fargo Bank, N.A.Securities Administration Services8480 Stagecoach CircleFrederick, MD 21701-4747www.ctslink.comTelephone: 1-866-846-4526Fax: 240-586-8675

Group

Group 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 AnnGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 AnnGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 AimGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 AnnGroup 1 ArmGroup 1 ArmGroup 1 AnnGroup 1 ArmGroup 1 AnnGroup 1 ArmGroup 1 ArmGroup 1 AnnGroup 1 FixedGroup 1 FixedGroup 1 FixedGroup 1 FixedGroup 1 FixedGroup 1 FixedGroup 1 FixedGroup 1 FixedGroup 2 Arm

LoanNumber

0200255198020025610502002578220200259497020026444802002719300200272631020027298702002747100200274892020028368702002872660200297703040015627904001607350400163259040016830804001714920400178828050007372105000756680500076237050008227605000837790500084710050008522005000866990500087762050008783805000895940500091665020023769102002467590200268829020029502002002957980400157053040017176505000875980200241206

Month LoanEntered REO

Apr-2010Jan-2010

Aug-2010Aug-2010Sep-2010Mar-2010Jun-2010Sep-2010Mar-2009Sep-2010

Aug-2010Sep-2010Mar-2010Jan-2010

May-2010Nov-2008Mar-2010Jan-2010

May-2009Sep-2010Sep-2010

Aug-2009Feb-2010Feb-2010Sep-2010Aug-2010Mar-2010Oct-2009

Aug-2010Aug-2010Mar-2010Apr-2010Jun-2010Sep-2010Sep-2010Jun-2010Sep-2010Sep-2009Feb-2010Jul-2010

FirstPayment

Date

Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005

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

Ol-Nov-2005Ol-Nov-2005Ol-Dec-2005Ol-Aug-2005Ol-Sep-2005Ol-Sep-2005Ol-Sep-2005Ol-Oct-2005Ol-Oct-2005

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

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

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

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

State

TXTXNVTXTXMAFLFLMDOHCAFLNYMIFLMIOHCTRITXFLPACAFLFLMOCOTXAZVAALTXOHSCTXFLOHVATXOH

LTV atOrigination

80.0074.9780.0079.9580.0080.0090.0090.0074.9975.0085.0080.0080.0054.9377.3062.0085.0058.3476.3885.0080.0080.0080.0080.0080.0080.0080.0080.0080.0080.0080.0080.0080.0080.0059.5289.9580.00920279.9779.97

OriginalPrincipalBalance

228,000.00125,200.00191,200.0065,800.00

480,800.00183,200.00261,000.00243,000.00618,700.00600,000.00217,600.00124,000.00424,000.00

45,600.0087,200.0077,500.00

552,500.00137,100.00275,000.00

56,100.00288,000.00196,00000360,000.00325,920.00144,000.00160,000.00156,000.00116,400.00161,600.0080,000.00

127,920.0097,600.00

148,000.0088,000.0050,000.00

171,800.00173,600.00173,000.00131,920.0063,900.00

CurrentScheduledBalance

219,793.33144,923.83171,203.7374,119.70

511,329.34183,200.00251,389.75238,071.85526,024.56554,823.28216,368.31147,708.23415,243.34

54,712.7291,902.2581,667.11

356,635.23134,511.07286,984.04

61,716.48285,176.41187,172.69359,101.83325,920.00139,690.67160,825.17155,845.79143,225.20164,109.5379,605.53

123,657.6198,526.73

142,662.0786,318.8257,370.25

166,652.76167,337,53183,897.06125,433.4062,377.65

Paid To Date

Ol-Jul-2007Ol-Feb-200901 -Sep-200901 -Feb-2010Ol-Jan-2009Ol-Feb-2008Ol-Jun-2009Ol-Sep-2008Ol-Apr-200801 -Nov-200801 -Aug-200901 -Mar-2009Ol-Jun-2007

01 -Mar-2009Ol-Aug-2008Ol-May-2008Ol-Mar-2008Ol-Sep-2007Ol-Sep-200801 -Feb-2010Ol-Oct-2008Ol-Jun-2008Ol-Feb-2009Ol-Oct-2007

01 -Aug-200901 -Jan-2010

01 -May-200901 -Mar-2009Ol-Aug-200901 -Feb-2010Ol-Dec-200801 -Mar-2009Ol-Aug-2008

Ol-Jul-2006Ol-Jul-2009

Ol-Aug-200801 -Mar-200901 -Mar-2009

Ol-Jul-2009Ol-Jan-2009

MonthsDelinquent

3617105

182913222720111637162326283422

521251733116

1416115

19162348122316161218

CurrentLoan 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%

ApproximateDelinquent

Interest

49,986.5912,525.527,786.641,731.51

55,526.4335,336.3112,820.8044,062.2583,555.5980,605.5815,531.7412,075.31

117,580.155,279.52

14,158.2919,424.9775,837.1738,506.5441,625.30

1,251.7730,403.4833,196.8323,554.8277,664.00

8,331.817,673.75

14,967.638,721.876,192.463,117.90

17,386.119,582.58

19,145.4027,693.573,774.49

27,538.8318,800.1316,131.3810,912.289,668.93

Page 18

AEGIS Asset Backed Securities TrustMortgage Pass-Through CertificatesDistribution Date: 25-Aug-2010

lS-Aug-2010

AEGIS Asset Backed Securities TrustMortgage Pass-Through Certificates

Series 2005-5

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

Contact Customer Service - CTSLmkWells Fargo Bank, N.A.Securities Administration Services8480 Stagecoach CircleFrederick, MD 21701-4747www.ctslink.comTelephone: 1-866-846-4526Fax: 240-586-8675

Group

Group 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 ArmGroup 1 Arm

LoanNumber

0200251353020025265802002544230200255032020025590902002561470200256592020025694902002584810200260172020026089102002622440200262384020026410902002644480200265163020026810002002705510200270999020027240902002729870200274892020027775402002805920200284875020028519502002859710200286953020028698702002872660200287720020028775302002881160200289148020028918902002910600200291300020029533502002976380200297661

Month LoanEntered FC

May-2010Jan-2010Sep-2009Jun-2010Jul-2010

May-2010Jun-2010

Aug-2010Mar-2010Jun-2010Jun-2010

Nov-2009Aug-2010Feb-2010Jun-2009

Mar-2010Jan-2010Jul-2010

Aug-2010Mar-2009Jan-2010Jun-2010Feb-2010Jul-2010Jun-2010Jul-2009

Apr-2010May-2010Dec-2008Aug-2009May-2010Sep-2008Jun-2010Jun-2009

Nov-2009Sep-2009Jul-2010

Aug-2010Jun-2009Oct-2008

FirstPayment

Date

Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005Ol-Oct-2005

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

State

FLFLFLMANYCONCFLNVGAILOHFLNYTXFLFLTXFLFLFLOHFLINNYNYTXWANYFLNJFLNYNYMANYMAMONYFL

LTV atOrigination

88.0095.0080.0080.0080.0080.0080.0080.0074.9979.9980.0080.0080.0079.9780.0063.0474.9689.8780.0074.9790.0075.0090.0084.9680.0080.0071.0590.0080.0080.0079.9980.0080.0059.1675.0089.7858.4680.0080.0080.00

OriginalPrincipalBalance

484,000.00166,250.00342,400.00488,000.00280,000.00354,400.00115,200.00116,000.00303,300.00241,500.00384,000.00

72,800.00204,000.00284,000.00480,800.001 16,000.0093,700.0048,800.0080,000.00

158,200.00243,000.00600,000.00241,200.00123,200.00528,000.00408,000.00

1,350,000.00202,500.00412,000.00124,000.00519,900.00468,900.00524,000.00498,800.00196,500.00426,500.00190,000.0080,000.00

237,440.00244,000.00

CurrentScheduledBalance

286,540.14175,925.67342,285.87593,659.82349,616.18379,314.43110,476.27110,561.91287,537.04291,544.77384,000.00

67,878.39239,034.47320,802.12512,000.96113,854.3989,889.3754,962.8990,758.77

167,554.70238,071.85554,823.28230,248.65119,896.63585,753.25504,863.46

1,565,984.57176,447.28399,342.11147,708.23587,651.98468,900.00505,676.20497,766.52225,150.69493,375.97238,642.75

86,539.67236,320.32266,020.98

Paid To Date

01 -Sep-200801 -Aug-2009Ol-Apr-200901 -Jan-2010

01 -Dec-2008Ol-Dec-2009Ol-Jan-2008Ol-Oct-2009Ol-Oct-200901 -Sep-2009Ol-Dec-200701 -Jun-2009

01 -Dec-2008Ol-Sep-2009Ol-Jan-2009

Ol-Nov-200701 -Aug-200901 -Feb-2010Ol-Oct-200901 -Oct-2008Ol-Sep-2008

Ol-Nov-2008Ol-Jan-200901 -Jul-2009

Ol-Dec-2009Ol-Jan-2009

01 -Nov-2009Ol-Sep-2008Ol-Feb-200701 -Mar-2009Ol-Dec-2009Ol-Apr-200701 -Jan-2010

Ol-Nov-2008Ol-May-2009Ol-Apr-200901 -Feb-2010Ol-Sep-2009Ol-Dec-2008Ol-May-2008

MonthsDelinquent

2110145

186

29889

3012189

17311048

20211917116

177

2140156

385

19131449

1825

CurrentLoan 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%

ApproximateDelinquent

Interest

37,711.076,070.00

27,138.9812,528.4751,845.3010,921.7721,454.18

5,525.3415,366.109,869.54

76,032.006,075.43

13,745.6218,971.1752,782.9528,643.246,684.252,618.652,612.24

10,996.1342,248.9476,9437520,064.2612,744.4523,566.5843,131.8255,026.3818,920.12

108,569.8311,404.4726,142.23

129,072.4416,321.9358,131.41

9,710.8146,449.48

5,429.847,218.86

13,595.5432,873.65

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