Contract

by Cwmbs Inc
August 29th, 2005

EXHIBIT 99.2 ------------ Computational Materials and/or ABS Term Sheet. Exhibit 99.2 Deal Summary Report - ------------------------------------------------------------------------------ Assumptions - ------------------------------------------------------------------------------ Settlement 30-Aug-05 Prepay 300 PSA 1st Pay Date 25-Sep-05 Default 0 CDR Recovery 0 months Severity 0% - ------------------------------------------------------------------------------ - ------------------------------------------------------------------------------ Collateral - ------------------------------------------------------------------------------ Balance WAC WAM Age WAL Dur $988,000,000.00 5.912 360 0 5.76 4.449 - ------------------------------------------------------------------------------

- ---------------------------------------------------------------------------------------------------------------------------------- Tranche Balance Coupon Principal Avg Dur Yield Spread Bench Price [email protected] Name Window Life bp % - ---------------------------------------------------------------------------------------------------------------------------------- PO 3,022,454.85 0 09/05 - 08/35 5.75 0 0 Interp WAC_IO 39,064,155.25 5.5 09/05 - 08/35 5.78 0 0 Interp SNR 943,480,100.00 5.5 09/05 - 08/35 5.55 0 0 Interp M 27,171,000.00 5.5 09/05 - 08/35 10.5 0 0 Interp B1 6,422,000.00 5.5 09/05 - 08/35 10.5 0 0 Interp B2 2,964,000.00 5.5 09/05 - 08/35 10.5 0 0 Interp B3 1,976,000.00 5.5 09/05 - 08/35 10.5 0 0 Interp B4 1,482,000.00 5.5 09/05 - 08/35 10.5 0 0 Interp B5 1,482,445.00 5.5 09/05 - 08/35 10.5 0 0 Interp - ---------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------ Tranche Accrued NetNet Dated Notes Name Int(M) (MM) Date - ------------------------------------------------------ PO 0 0 1-Aug-05 XRS_PO WAC_IO 173.08 0 1-Aug-05 NTL_IO SNR 4180.14 0 1-Aug-05 FIX M 120.38 0 1-Aug-05 FIX B1 28.45 0 1-Aug-05 FIX B2 13.13 0 1-Aug-05 FIX B3 8.75 0 1-Aug-05 FIX B4 6.57 0 1-Aug-05 FIX B5 6.57 0 1-Aug-05 FIX - ------------------------------------------------------
- -------------------------------------------------------------------------------------------------- Yield Curve TSY edsf Mat 2YR 3YR 5YR 10YR 30YR 2YR 3YR 5YR 10YR 30YR 3mo 6mo 9mo 12mo 15mo Yld 4.013 4.049 4.093 4.229 4.433 3.025 3.195 3.572 4.195 4.826 2.232 2.342 2.43 2.53 2.627 - -------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- Yield Curve 4 5 Mat 1MO 3MO 6MO 2YR 3YR 5YR 10YR 30YR 1MO 3MO 6MO 2YR 3YR 5YR 10YR 30YR Yld - -----------------------------------------------------------------------------------------
CWHL0521_replines - Dec - M Date 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR 30-Aug-05 100 100 100 100 100 25-Aug-06 99 99 99 99 99 25-Aug-07 98 98 98 98 98 25-Aug-08 97 97 97 97 97 25-Aug-09 96 96 96 96 96 25-Aug-10 94 94 94 94 70 25-Aug-11 93 89 85 82 35 25-Aug-12 92 82 75 68 17 25-Aug-13 90 73 62 52 8 25-Aug-14 89 63 49 36 4 25-Aug-15 87 52 36 23 2 25-Aug-16 84 43 26 15 1 25-Aug-17 82 36 19 9 * 25-Aug-18 79 29 14 6 * 25-Aug-19 77 24 10 4 * 25-Aug-20 74 20 7 2 * 25-Aug-21 70 16 5 1 * 25-Aug-22 67 13 4 1 * 25-Aug-23 64 10 3 1 * 25-Aug-24 60 8 2 * * 25-Aug-25 56 7 1 * * 25-Aug-26 52 5 1 * * 25-Aug-27 47 4 1 * * 25-Aug-28 42 3 * * * 25-Aug-29 37 2 * * * 25-Aug-30 32 2 * * * 25-Aug-31 26 1 * * * 25-Aug-32 20 1 * * * 25-Aug-33 14 * * * * 25-Aug-34 7 * * * * 25-Aug-35 0 0 0 0 0 WAL 19.8 11.2 9.3 8.3 5.8 Principal Window Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Jul35 Prepay 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR Optional Redemption Call (N) Call (N) Call (N) Call (N) Call (N) CWHL0521_replines - Dec - B1 Date 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR 30-Aug-05 100 100 100 100 100 25-Aug-06 99 99 99 99 99 25-Aug-07 98 98 98 98 98 25-Aug-08 97 97 97 97 97 25-Aug-09 96 96 96 96 96 25-Aug-10 94 94 94 94 70 25-Aug-11 93 89 85 82 35 25-Aug-12 92 82 75 68 17 25-Aug-13 90 73 62 52 8 25-Aug-14 89 63 49 36 4 25-Aug-15 87 52 36 23 2 25-Aug-16 84 43 26 15 1 25-Aug-17 82 36 19 9 * 25-Aug-18 79 29 14 6 * 25-Aug-19 77 24 10 4 * 25-Aug-20 74 20 7 2 * 25-Aug-21 70 16 5 1 * 25-Aug-22 67 13 4 1 * 25-Aug-23 64 10 3 1 * 25-Aug-24 60 8 2 * * 25-Aug-25 56 7 1 * * 25-Aug-26 52 5 1 * * 25-Aug-27 47 4 1 * * 25-Aug-28 42 3 * * * 25-Aug-29 37 2 * * * 25-Aug-30 32 2 * * * 25-Aug-31 26 1 * * * 25-Aug-32 20 1 * * * 25-Aug-33 14 * * * * 25-Aug-34 7 * * * * 25-Aug-35 0 0 0 0 0 WAL 19.8 11.2 9.3 8.3 5.8 Principal Window Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Jul35 Prepay 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR Optional Redemption Call (N) Call (N) Call (N) Call (N) Call (N) CWHL0521_replines - Dec - B2 Date 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR 30-Aug-05 100 100 100 100 100 25-Aug-06 99 99 99 99 99 25-Aug-07 98 98 98 98 98 25-Aug-08 97 97 97 97 97 25-Aug-09 96 96 96 96 96 25-Aug-10 94 94 94 94 70 25-Aug-11 93 89 85 82 35 25-Aug-12 92 82 75 68 17 25-Aug-13 90 73 62 52 8 25-Aug-14 89 63 49 36 4 25-Aug-15 87 52 36 23 2 25-Aug-16 84 43 26 15 1 25-Aug-17 82 36 19 9 * 25-Aug-18 79 29 14 6 * 25-Aug-19 77 24 10 4 * 25-Aug-20 74 20 7 2 * 25-Aug-21 70 16 5 1 * 25-Aug-22 67 13 4 1 * 25-Aug-23 64 10 3 1 * 25-Aug-24 60 8 2 * * 25-Aug-25 56 7 1 * * 25-Aug-26 52 5 1 * * 25-Aug-27 47 4 1 * * 25-Aug-28 42 3 * * * 25-Aug-29 37 2 * * * 25-Aug-30 32 2 * * * 25-Aug-31 26 1 * * * 25-Aug-32 20 1 * * * 25-Aug-33 14 * * * * 25-Aug-34 7 * * * * 25-Aug-35 0 0 0 0 0 WAL 19.8 11.2 9.3 8.3 5.8 Principal Window Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Jul35 Prepay 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR Optional Redemption Call (N) Call (N) Call (N) Call (N) Call (N) CWHL0521_replines - Dec - B3 Date 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR 30-Aug-05 100 100 100 100 100 25-Aug-06 99 99 99 99 99 25-Aug-07 98 98 98 98 98 25-Aug-08 97 97 97 97 97 25-Aug-09 96 96 96 96 96 25-Aug-10 94 94 94 94 70 25-Aug-11 93 89 85 82 35 25-Aug-12 92 82 75 68 17 25-Aug-13 90 73 62 52 8 25-Aug-14 89 63 49 36 4 25-Aug-15 87 52 36 23 2 25-Aug-16 84 43 26 15 1 25-Aug-17 82 36 19 9 * 25-Aug-18 79 29 14 6 * 25-Aug-19 77 24 10 4 * 25-Aug-20 74 20 7 2 * 25-Aug-21 70 16 5 1 * 25-Aug-22 67 13 4 1 * 25-Aug-23 64 10 3 1 * 25-Aug-24 60 8 2 * * 25-Aug-25 56 7 1 * * 25-Aug-26 52 5 1 * * 25-Aug-27 47 4 1 * * 25-Aug-28 42 3 * * * 25-Aug-29 37 2 * * * 25-Aug-30 32 2 * * * 25-Aug-31 26 1 * * * 25-Aug-32 20 1 * * * 25-Aug-33 14 * * * * 25-Aug-34 7 * * * * 25-Aug-35 0 0 0 0 0 WAL 19.8 11.2 9.3 8.3 5.8 Principal Window Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Jun35 Prepay 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR Optional Redemption Call (N) Call (N) Call (N) Call (N) Call (N) CWHL0521_replines - Dec - B4 Date 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR 30-Aug-05 100 100 100 100 100 25-Aug-06 99 99 99 99 99 25-Aug-07 98 98 98 98 98 25-Aug-08 97 97 97 97 97 25-Aug-09 96 96 96 96 96 25-Aug-10 94 94 94 94 70 25-Aug-11 93 89 85 82 35 25-Aug-12 92 82 75 68 17 25-Aug-13 90 73 62 52 8 25-Aug-14 89 63 49 36 4 25-Aug-15 87 52 36 23 2 25-Aug-16 84 43 26 15 1 25-Aug-17 82 36 19 9 * 25-Aug-18 79 29 14 6 * 25-Aug-19 77 24 10 4 * 25-Aug-20 74 20 7 2 * 25-Aug-21 70 16 5 1 * 25-Aug-22 67 13 4 1 * 25-Aug-23 64 10 3 1 * 25-Aug-24 60 8 2 * * 25-Aug-25 56 7 1 * * 25-Aug-26 52 5 1 * * 25-Aug-27 47 4 1 * * 25-Aug-28 42 3 * * * 25-Aug-29 37 2 * * * 25-Aug-30 32 2 * * * 25-Aug-31 26 1 * * * 25-Aug-32 20 1 * * * 25-Aug-33 14 * * * * 25-Aug-34 7 * * * 0 25-Aug-35 0 0 0 0 0 WAL 19.8 11.2 9.3 8.3 5.8 Principal Window Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Jun35 Prepay 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR Optional Redemption Call (N) Call (N) Call (N) Call (N) Call (N) CWHL0521_replines - Dec - B5 Date 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR 30-Aug-05 100 100 100 100 100 25-Aug-06 99 99 99 99 99 25-Aug-07 98 98 98 98 98 25-Aug-08 97 97 97 97 97 25-Aug-09 96 96 96 96 96 25-Aug-10 94 94 94 94 70 25-Aug-11 93 89 85 82 35 25-Aug-12 92 82 75 68 17 25-Aug-13 90 73 62 52 8 25-Aug-14 89 63 49 36 4 25-Aug-15 87 52 36 23 2 25-Aug-16 84 43 26 15 1 25-Aug-17 82 36 19 9 * 25-Aug-18 79 29 14 6 * 25-Aug-19 77 24 10 4 * 25-Aug-20 74 20 7 2 * 25-Aug-21 70 16 5 1 * 25-Aug-22 67 13 4 1 * 25-Aug-23 64 10 3 1 * 25-Aug-24 60 8 2 * * 25-Aug-25 56 7 1 * * 25-Aug-26 52 5 1 * * 25-Aug-27 47 4 1 * * 25-Aug-28 42 3 * * * 25-Aug-29 37 2 * * * 25-Aug-30 32 2 * * * 25-Aug-31 26 1 * * * 25-Aug-32 20 1 * * * 25-Aug-33 14 * * * * 25-Aug-34 7 * * * 0 25-Aug-35 0 0 0 0 0 WAL 19.8 11.2 9.3 8.3 5.8 Principal Window Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Aug35 Sep05-Jun35 Prepay 0 CPR 15 CPR 25 CPR 35 CPR 50 CPR Optional Redemption Call (N) Call (N) Call (N) Call (N) Call (N)