				Contact:
		IRWIN HOME EQUITY LOAN TRUST 2005-B		Kristy Frideres
		Home Equity Loan Backed Notes		Account Administrator
				651-495-2124
Distribution Date:	8/25/2005		STATEMENT TO CERTIFICATE HOLDER	kristy.frideres@usbank.com
			Section 3.25 of the Indenture, dated June 3, 2005

	Original	Beginning				Basis Risk	Total	Ending
	Certificate	Certificate	Principal	Interest	Realized Loss	Shortfall	Distribution	Certificate
Class	Principal Balance	Principal Balance	Distribution	Distribution	of Principal	Amount	Amount	Principal Balance
1A-1	$92,285,000.00	$84,754,224.43	$3,119,585.94	$270,766.20	$0.00	$0.00	$3,390,352.14	$81,634,638.49
2A-1	$87,090,000.00	$73,701,489.70	$6,368,888.93	$233,551.83	$0.00	$0.00	$6,602,440.76	$67,332,600.77
1M-1	$15,450,000.00	$15,450,000.00	$0.00	$52,285.38	$0.00	$0.00	$52,285.38	$15,450,000.00
1M-2	$8,700,000.00	$8,700,000.00	$0.00	$39,026.75	$0.00	$0.00	$39,026.75	$8,700,000.00
1M-3	$6,800,000.00	$6,800,000.00	$0.00	$32,980.00	$0.00	$0.00	$32,980.00	$6,800,000.00
1M-4	$1,500,000.00	$1,500,000.00	$0.00	$7,912.50	$0.00	$0.00	$7,912.50	$1,500,000.00
2M-1	$7,700,000.00	$7,700,000.00	$0.00	$25,991.78	$0.00	$0.00	$25,991.78	$7,700,000.00
2M-2	$6,070,000.00	$6,070,000.00	$0.00	$21,691.82	$0.00	$0.00	$21,691.82	$6,070,000.00
2M-3	$4,400,000.00	$4,400,000.00	$0.00	$17,845.67	$0.00	$0.00	$17,845.67	$4,400,000.00
2M-4	$1,460,000.00	$1,460,000.00	$0.00	$6,550.13	$0.00	$0.00	$6,550.13	$1,460,000.00
1B-1	$3,570,000.00	$3,570,000.00	$0.00	$20,825.00	$0.00	$0.00	$20,825.00	$3,570,000.00
1B-2	$1,491,942.00	$1,491,942.00	$0.00	$8,703.00	$0.00	$0.00	$8,703.00	$1,491,942.00
2B-1	$1,739,877.00	$1,739,877.00	$0.00	$9,678.55	$0.00	$0.00	$9,678.55	$1,739,877.00
2A-R	$100.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Unencumbered SB	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Pledged SB	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
CE-1	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
CE-2	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
G	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total	$238,256,919.00	$217,337,533.13	$9,488,474.87	$747,808.61	$0.00	$0.00	$10,236,283.48	$207,849,058.26

		AMOUNTS PER $1,000 UNIT				PASS THROUGH RATES
				Interest	Ending		Current
		Principal	Interest	Carry-forward	Certificate		Pass-Through
Class	CUSIP	Distribution	Distribution	Amount	Balance	Class	Interest Rate
1A-1	464187CP6	33.80382446	2.93402178	0.00000000	884.59271268	1A-1	3.71000%
2A-1	464187CQ4	73.12996819	2.68172959	0.00000000	773.13814181	2A-1	3.68000%
1M-1	464187CR2	0.00000000	3.38416699	0.00000000	1000.00000000	1M-1	3.93000%
1M-2	464187CS0	0.00000000	4.48583333	0.00000000	1000.00000000	1M-2	5.38300%
1M-3	464187CT8	0.00000000	4.85000000	0.00000000	1000.00000000	1M-3	5.82000%
1M-4	464187CU5	0.00000000	5.27500000	0.00000000	1000.00000000	1M-4	6.33000%
2M-1	464187CV3	0.00000000	3.37555584	0.00000000	1000.00000000	2M-1	3.92000%
2M-2	464187CW1	0.00000000	3.57361120	0.00000000	1000.00000000	2M-2	4.15000%
2M-3	464187CX9	0.00000000	4.05583409	0.00000000	1000.00000000	2M-3	4.71000%
2M-4	464187CY7	0.00000000	4.48639041	0.00000000	1000.00000000	2M-4	5.21000%
1B-1	464187DB6	0.00000000	5.83333333	0.00000000	1000.00000000	1B-1	7.00000%
1B-2	464187DC4	0.00000000	5.83333668	0.00000000	1000.00000000	1B-2	7.00000%
2B-1	464187CZ4	0.00000000	5.56277829	0.00000000	1000.00000000	2B-1	6.46000%
2A-R	464187DA8	0.00000000	0.00000000	0.00000000	0.00000000	2A-R	0.00000%
Unencumbered SB	464187DD2	0.00000000	0.00000000	0.00000000	0.00000000	G	3.68000%
Pledged SB	464187DD2	0.00000000	0.00000000	0.00000000	0.00000000	LIBOR	3.46000%
CE-1	464187DE0	0.00000000	0.00000000	0.00000000	0.00000000
CE-2	464187DF7	0.00000000	0.00000000	0.00000000	0.00000000
G	464187DG5	0.00000000	0.00000000	0.00000000	0.00000000

Page 1

				Contact:
		IRWIN HOME EQUITY LOAN TRUST 2005-B		Kristy Frideres
		Home Equity Loan Backed Notes		Account Administrator
				651-495-2124
Distribution Date:	8/25/2005		STATEMENT TO CERTIFICATE HOLDER	kristy.frideres@usbank.com

			Information pursuant to Section 3.25 of the
			Indenture Agreement Dated June 3, 2005

(i)	Principal Collections:	Group 1	Group 2	Total
	Beginning Balance	122,266,166.51	95,371,395.86	217,637,562.37
	Principal Collections	2,580,486.75	7,287,793.92	9,868,280.67
	Draws	0.00	(1,167,385.43)	(1,167,385.43)
	Recoveries	0.00	0.00	0.00
	Net Realized Losses	0.00	0.00	0.00
	Ending Balance	119,685,679.76	89,250,987.37	208,936,667.13
	Ending Count	2,116	1,581	3,697

(ii)	Overcollateralization Amount				539,099.27	548,509.60	1,087,608.87
	Targeted Overcollateralization Amount				3,244,923.55	2,548,809.45	5,793,733.00

(iii)	Interest Distributions:
	Scheduled Interest - Net of Serv Fee	972,769.74	564,704.20	1,537,473.94
	Less Relief Act Interest Shortfall	0.00	0.00	0.00
	Less Prepayment Interest Shortfall	0.00	0.00	0.00
		972,769.74	564,704.20	1,537,473.94

(iv)	Servicing Fee				101,888.47	79,476.16	181,364.63
	Trustee Fee				1,171.72	913.98	2,085.70

(v)

Certificate Distribution Amount

0.00

(vi)

Trigger Event

(vii)	Delinquency Information
		Group 1	Group 1	Group 2	Group 2	Total	Total
		Count	Balance	Count	Balance	Count	Balance
	30-59 days	17	937,888.13	3	145,420.58	20	1,083,308.71
	60-89 days	5	267,677.79	0	0.00	5	267,677.79
	90-119 days	2	153,036.27	1	34,977.87	3	188,014.14
	120-149 days	2	157,182.20	0	0.00	2	157,182.20
	150-179 days	0	0.00	0	0.00	0	0.00
	180-269 days	0	0.00	0	0.00	0	0.00
	270-359 days	0	0.00	0	0.00	0	0.00
	360+	0	0.00	0	0.00	0	0.00
	Total	26	1,515,784.39	4	180,398.45	30	1,696,182.84
	*Note: The above statistics include Foreclousures, REOs and Bankruptcies

	Group 1	Group 1	Group 2	Group 2	Total	Total
	Count	Balance	Count	Balance	Count	Balance
Bankruptcy	10	483,864.67	4	433,336.58	14	917,201.25
Foreclosure	1	77,049.62	0	0.00	1	77,049.62
REO	0	0.00	0	0.00	0	0.00
Total	11	560,914.29	4	433,336.58	15	994,250.87

Page 2

				Contact:
		IRWIN HOME EQUITY LOAN TRUST 2005-B		Kristy Frideres
		Home Equity Loan Backed Notes		Account Administrator
				651-495-2124
Distribution Date:	8/25/2005		STATEMENT TO CERTIFICATE HOLDER	kristy.frideres@usbank.com

			Information pursuant to Section 3.25 of the
			Indenture Agreement Dated June 3, 2005

		Group 1	Group 2	Total
(viii)	Current Delinquency Rate (60+days)	0.48284%	0.03919%	0.29333%
	Rolling Three Month Delinquency Rate (60+days)	0.29587%	0.02529%	0.17837%

(ix)	Number of Loans Repurchased				0.00	0.00	0.00
	Principal Balance of Loans Repurchased				0.00	0.00	0.00

(x)	Realized Losses incurred during the related Due Period				0.00	0.00	0.00
	Cumulative Realized Losses since Startup Day				0.00	0.00	0.00

(xi)	Weighted Average Gross Coupon of Mortgage Loans				10.98221%	7.82219%	9.59745%
	Weighted Average Net Coupon of Mortgage Loans				9.97071%	6.81069%	8.58595%

(xii)

Senior Enhancement Percentage

31.34205%

23.94357%

(xiii)

Principal Balance of Liquidated Loans

0.00

(xiv)	Incentive Servicing Fee Trigger Date				NO	NO
	Incentive Servicing Fee Payment Date				NO	NO

Page 2

Irwin Whole Loan Home Equity Trust 2005-B 8-K