
                                     UNITED STATES
                           SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C.  20549


                                        FORM 8-K /A


                     Current Report Pursuant To Section 13 or 15(d) of
                            the Securities Exchange Act of 1934

           Date of Report (Date of earliest event reported):  March 25, 2005
                          (Date of earliest event reported)

                Citigroup Mortgage Loan Trust Inc (as Depositor under
              the Pooling and Servicing Agreement, dated as February 1, 2005,
                providing for the issuance of Carrington Mortgage Loan Trust
                  Series 2005-NC1 Asset Backed Pass- through Certificates,
                                   Series 2005-NC1)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-117349-09                         01-0791848
          (Commission File Number)        (I.R.S. Employer Identification No.)


           390 Greenwich Street
           NEW YORK, NEW YORK                                  10013
          (Address of principal executive offices)           (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 816-6000


(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     March 25, 2005.

                                    Signatures

               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Citigroup Mortgage Loan Trust
                                  Inc., Registrant


          Date:  Jun 02, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of March 25, 2005.



Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Citigroup Mrtg. Loan Trust						1. Certificate Payment Report					2
				Citigroup Mrtg. Loan Trust						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11

										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					17
										11. Realized Loss Detail Report					20
				Servicer(s)						11. Realized Loss Detail Report					20
				Servicer(s)						12. Triggers and Adj. Cert. Report					21
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					21
				New Century Mortgage Corporation						13. Additional Certificate Report					22
										13. Additional Certificate Report					22


				Underwriter(s)
				Citigroup


										Total Number of Pages					22
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Brent Hoyler
				Close Date:			February 03, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			March 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			February 28, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							March 24, 2005
							March 24, 2005

										https://www.tss.db.com/invr

				Revised Statement




Page 1 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1A	FLT, SR	$	338,891,000.00		338,891,000.00		1,280,254.89		6,604,754.35		7,885,009.24		0.00		0.00		332,286,245.65
A-1A	FLT, SR	$	338,891,000.00		338,891,000.00		1,280,254.89		6,604,754.35		7,885,009.24		0.00		0.00		332,286,245.65
A-1B	FLT, SR	$	154,353,000.00		154,353,000.00		610,980.63		0.00		610,980.63		0.00		0.00		154,353,000.00
A-1C1	FLT, SR	$	84,940,000.00		84,940,000.00		350,377.50		0.00		350,377.50		0.00		0.00		84,940,000.00
A-1C2	FLT, SR	$	20,000,000.00		20,000,000.00		82,500.00		0.00		82,500.00		0.00		0.00		20,000,000.00
A-2	FLT, SR	$	136,857,000.00		136,857,000.00		545,527.21		1,511,084.99		2,056,612.20		0.00		0.00		135,345,915.01
A-3	FLT, SR	$	81,671,900.00		81,671,900.00		334,627.92		901,767.42		1,236,395.34		0.00		0.00		80,770,132.58
M-1	MEZ, FLT	$	35,532,000.00		35,532,000.00		151,998.00		0.00		151,998.00		0.00		0.00		35,532,000.00
M-2	MEZ, FLT	$	32,443,000.00		32,443,000.00		140,135.74		0.00		140,135.74		0.00		0.00		32,443,000.00
M-3	MEZ, FLT	$	20,599,000.00		20,599,000.00		89,834.53		0.00		89,834.53		0.00		0.00		20,599,000.00
M-4	MEZ, FLT	$	27,808,000.00		27,808,000.00		130,156.89		0.00		130,156.89		0.00		0.00		27,808,000.00
M-5	MEZ, FLT	$	16,994,000.00		16,994,000.00		80,485.47		0.00		80,485.47		0.00		0.00		16,994,000.00
M-6	MEZ, FLT	$	15,964,000.00		15,964,000.00		87,802.00		0.00		87,802.00		0.00		0.00		15,964,000.00
M-7	MEZ, FLT	$	12,874,000.00		12,874,000.00		72,237.44		0.00		72,237.44		0.00		0.00		12,874,000.00
M-8	MEZ, FLT	$	10,300,000.00		10,300,000.00		69,238.89		0.00		69,238.89		0.00		0.00		10,300,000.00
M-9	MEZ, FLT	$	10,300,000.00		10,300,000.00		69,238.89		0.00		69,238.89		0.00		0.00		10,300,000.00
CE	EXE	$	30,382,316.00		30,382,316.00		1,404,383.16		0.00		1,404,383.16		0.00		8.82		30,382,324.82
P	SUB	$	100.00		100.00		94,754.16		0.00		94,754.16		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,029,909,316.00		1,029,909,316.00		5,594,533.32		9,017,606.76		14,612,140.08		0.00		8.82		1,020,891,718.06
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	02/03/05		03/24/05		A-Act/360		144531AW0		338,891,000.00		1,000.000000		3.777778		19.489318		23.267095	980.510682
A-1B	02/03/05		03/24/05		A-Act/360		144531AX8		154,353,000.00		1,000.000000		3.958333		0.000000		3.958333	1,000.000000
A-1C1	02/03/05		03/24/05		A-Act/360		144531AY6		84,940,000.00		1,000.000000		4.125000		0.000000		4.125000	1,000.000000
A-1C2	02/03/05		03/24/05		A-Act/360		144531BJ8		20,000,000.00		1,000.000000		4.125000		0.000000		4.125000	1,000.000000
A-2	02/03/05		03/24/05		A-Act/360		144531AZ3		136,857,000.00		1,000.000000		3.986111		11.041342		15.027453	988.958658
A-3	02/03/05		03/24/05		A-Act/360		144531BA7		81,671,900.00		1,000.000000		4.097222		11.041342		15.138565	988.958658
M-1	02/03/05		03/24/05		A-Act/360		144531BB5		35,532,000.00		1,000.000000		4.277778		0.000000		4.277778	1,000.000000
M-2	02/03/05		03/24/05		A-Act/360		144531BC3		32,443,000.00		1,000.000000		4.319445		0.000000		4.319445	1,000.000000
M-3	02/03/05		03/24/05		A-Act/360		144531BD1		20,599,000.00		1,000.000000		4.361111		0.000000		4.361111	1,000.000000
M-4	02/03/05		03/24/05		A-Act/360		144531BE9		27,808,000.00		1,000.000000		4.680556		0.000000		4.680556	1,000.000000
M-5	02/03/05		03/24/05		A-Act/360		144531BF6		16,994,000.00		1,000.000000		4.736111		0.000000		4.736111	1,000.000000
M-6	02/03/05		03/24/05		A-Act/360		144531BG4		15,964,000.00		1,000.000000		5.500000		0.000000		5.500000	1,000.000000
M-7	02/03/05		03/24/05		A-Act/360		144531BH2		12,874,000.00		1,000.000000		5.611111		0.000000		5.611111	1,000.000000
M-8	02/03/05		03/24/05		A-Act/360		144531BK5		10,300,000.00		1,000.000000		6.722222		0.000000		6.722222	1,000.000000
M-9	02/03/05		03/24/05		A-Act/360		144531BL3		10,300,000.00		1,000.000000		6.722222		0.000000		6.722222	1,000.000000
CE	02/03/05		03/24/05		A-30/360				30,382,316.00		1,000.000000		46.223703		0.000000		46.223703	1,000.000290
P	02/03/05		03/24/05		A-30/360				100.00		1,000.000000		947,541.600000		0.000000		947,541.600000	1,000.000000
R	02/03/05		03/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution

Distribution to Date -
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	338,891,000.00		1,280,254.89		6,261,428.69		343,325.66		6,604,754.35		7,885,009.24		0.00		0.00		332,286,245.65
A-1B	154,353,000.00		610,980.63		0.00		0.00		0.00		610,980.63		0.00		0.00		154,353,000.00
A-1C1	84,940,000.00		350,377.50		0.00		0.00		0.00		350,377.50		0.00		0.00		84,940,000.00
A-1C2	20,000,000.00		82,500.00		0.00		0.00		0.00		82,500.00		0.00		0.00		20,000,000.00
A-2	136,857,000.00		545,527.21		1,385,661.07		125,423.92		1,511,084.99		2,056,612.20		0.00		0.00		135,345,915.01
A-3	81,671,900.00		334,627.92		776,343.50		125,423.92		901,767.42		1,236,395.34		0.00		0.00		80,770,132.58
M-1	35,532,000.00		151,998.00		0.00		0.00		0.00		151,998.00		0.00		0.00		35,532,000.00
M-2	32,443,000.00		140,135.74		0.00		0.00		0.00		140,135.74		0.00		0.00		32,443,000.00
M-3	20,599,000.00		89,834.53		0.00		0.00		0.00		89,834.53		0.00		0.00		20,599,000.00
M-4	27,808,000.00		130,156.89		0.00		0.00		0.00		130,156.89		0.00		0.00		27,808,000.00
M-5	16,994,000.00		80,485.47		0.00		0.00		0.00		80,485.47		0.00		0.00		16,994,000.00
M-6	15,964,000.00		87,802.00		0.00		0.00		0.00		87,802.00		0.00		0.00		15,964,000.00
M-7	12,874,000.00		72,237.44		0.00		0.00		0.00		72,237.44		0.00		0.00		12,874,000.00
M-8	10,300,000.00		69,238.89		0.00		0.00		0.00		69,238.89		0.00		0.00		10,300,000.00
M-9	10,300,000.00		69,238.89		0.00		0.00		0.00		69,238.89		0.00		0.00		10,300,000.00
CE	30,382,316.00		1,404,383.16		0.00		0.00		0.00		1,404,383.16		0.00		8.82		30,382,324.82
P	100.00		94,754.16		0.00		0.00		0.00		94,754.16		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total	1,029,909,316.00		5,594,533.32		8,423,433.26		594,173.50		9,017,606.76		14,612,140.08		0.00		8.82		1,020,891,718.06


Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	2.72000%		338,891,000.00		1,280,254.89		0.00		0.00		0.00		1,280,254.89		1,280,254.89		0.00
A-1B	2.85000%		154,353,000.00		610,980.63		0.00		0.00		0.00		610,980.63		610,980.63		0.00
A-1C1	2.97000%		84,940,000.00		350,377.50		0.00		0.00		0.00		350,377.50		350,377.50		0.00
A-1C2	2.97000%		20,000,000.00		82,500.00		0.00		0.00		0.00		82,500.00		82,500.00		0.00
A-2	2.87000%		136,857,000.00		545,527.21		0.00		0.00		0.00		545,527.21		545,527.21		0.00
A-3	2.95000%		81,671,900.00		334,627.92		0.00		0.00		0.00		334,627.92		334,627.92		0.00
M-1	3.08000%		35,532,000.00		151,998.00		0.00		0.00		0.00		151,998.00		151,998.00		0.00
M-2	3.11000%		32,443,000.00		140,135.74		0.00		0.00		0.00		140,135.74		140,135.74		0.00
M-3	3.14000%		20,599,000.00		89,834.53		0.00		0.00		0.00		89,834.53		89,834.53		0.00
M-4	3.37000%		27,808,000.00		130,156.89		0.00		0.00		0.00		130,156.89		130,156.89		0.00
M-5	3.41000%		16,994,000.00		80,485.47		0.00		0.00		0.00		80,485.47		80,485.47		0.00
M-6	3.84485%		15,964,000.00		85,248.88		0.00		0.00		0.00		85,248.88		87,802.00		0.00
M-7	3.84485%		12,874,000.00		68,748.06		0.00		0.00		0.00		68,748.06		72,237.44		0.00
M-8	3.84485%		10,300,000.00		55,002.72		0.00		0.00		0.00		55,002.72		69,238.89		0.00
M-9	3.84485%		10,300,000.00		55,002.72		0.00		0.00		0.00		55,002.72		69,238.89		0.00
CE	32.00123%		30,382,316.00		0.00		0.00		0.00		0.00		0.00		1,404,391.98		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		94,754.16		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,029,909,316.00		4,060,881.16		0.00		0.00		0.00		4,060,881.16		5,594,542.14		0.00



Page 3 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														9,017,598.01
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														9,017,598.01
Interest Collections														5,584,681.53
Interest Withdrawals														-0.00
Interest Fees														-84,893.62
Interest Other Accounts														94,754.16
TOTAL NET INTEREST														5,594,542.07
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														14,612,140.08



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															468,749.58
Curtailments															520,481.38
Prepayments In Full															8,028,367.05
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-371,876.48
Realized Losses															-0.00
Advanced Principal															371,876.48
TOTAL PRINCIPAL COLLECTED															9,017,598.01


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00





Page 4 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														5,931,491.55
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-22,635.47
Delinquent Interest														-4,795,452.69
Compensating Interest														22,635.47
Civil Relief Act Shortfalls														-0.00
Interest Advanced														4,448,642.66
TOTAL INTEREST COLLECTED														5,584,681.53


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
Non-Recoverable Advances														0.00
Reimbursements to Master Servicer														0.00
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														94,754.16
Net WAC Investment Income														0.00
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														94,754.16



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														82,318.85
Trustee Fees														2,574.77
TOTAL INTEREST FEES														84,893.62




Page 5 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount - Prior Period														30,382,316.00
Current Period Losses														0.00
Overcollateralized Amount - After Current Losses														30,382,316.00

Overcollateralization Increase Amount														8.82
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														30,382,324.82

Overcollateralization Deficiency Amount														0.00
Required Overcollateralized Amount														30,382,324.82

Senior Enhancement Percentage														20.883344%



Page 6 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														4,816
Prior														4,816
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-29
Repurchases														-0
Liquidations														-0
Current														4,787
Principal Balance:


Original														1,029,909,316.07
Prior														1,029,909,316.07
Prefunding														0.00
Scheduled Principal														-468,749.58
Partial Prepayments														-520,481.38
Full Voluntary Prepayments														-8,028,367.05
Repurchases														-0.00
Liquidations														-0.00
Current														1,020,891,718.06





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.91108%
Weighted Average Coupon Prior														6.91108%
Weighted Average Coupon Current														6.91108%
Weighted Average Months to Maturity Original														353
Weighted Average Months to Maturity Prior														353
Weighted Average Months to Maturity Current														353
Weighted Avg Remaining Amortization Term Original														353
Weighted Avg Remaining Amortization Term Prior														353
Weighted Avg Remaining Amortization Term Current														353
Weighted Average Seasoning Original														3.00
Weighted Average Seasoning Prior														3.00
Weighted Average Seasoning Current														3.00









Page 8 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.54959%
Weighted Average Margin Prior														5.54959%
Weighted Average Margin Current														5.54959%
Weighted Average Max Rate Original														13.82909%
Weighted Average Max Rate Prior														13.82909%
Weighted Average Max Rate Current														13.82909%
Weighted Average Min Rate Original														5.57827%
Weighted Average Min Rate Prior														5.57827%
Weighted Average Min Rate Current														5.57827%
Weighted Average Cap Up Original														1.50466%
Weighted Average Cap Up Prior														1.50466%
Weighted Average Cap Up Current														1.50466%
Weighted Average Cap Down Original														1.50466%
Weighted Average Cap Down Prior														1.50466%
Weighted Average Cap Down Current														1.50466%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														82,318.85
Delinquent Servicing Fees														346,810.03
TOTAL SERVICING FEES														429,128.89


Total Servicing Fees														429,128.89
Compensating Interest														-22,635.47
Delinquent Servicing Fees														-346,810.03
COLLECTED SERVICING FEES														59,683.38


Total Advanced Interest														4,448,642.66
Total Advanced Principal														371,876.48
Aggregate Advances with respect to this Distribution														4,820,519.14





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														22,635.47
Compensating Interest														-22,635.47
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														1,020,891,718.06
Weighted Average Net Mortgage Rate														6.408084%




Page 9 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		600,470.77		0.00		0.00		0.00		600,470.77
			% Balance		0.06%		0.00%		0.00%		0.00%		0.06%
			# Loans		5		0		0		0		5
			% # Loans		0.10%		0.00%		0.00%		0.00%		0.10%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		600,470.77		0.00		0.00		0.00		600,470.77
			% Balance		0.06%		0.00%		0.00%		0.00%		0.06%
			# Loans		5		0		0		0		5
			% # Loans		0.10%		0.00%		0.00%		0.00%		0.10%









Page 10 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 11 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 12 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														29
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														29
Curtailments Amount														520,481.38
Paid in Full Balance														8,028,367.05
Repurchased Loans Balance														0.00
Total Prepayment Amount														8,548,848.43

Cumulative


Number of Paid in Full Loans														29
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														29
Paid in Full Balance														8,028,367.05
Repurchased Loans Balance														0.00
Curtailments Amount														520,481.38
Total Prepayment Amount														8,548,848.43










Page 13 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														0.83%
3 Months Avg SMM														0.83%
12 Months Avg SMM														0.83%
Avg SMM Since Cut-off														0.83%


CPR														9.52%
3 Months Avg CPR														9.52%
12 Months Avg CPR														9.52%
Avg CPR Since Cut-off														9.52%


PSA														1,587.01%
3 Months Avg PSA Approximation														1,587.02%
12 Months Avg PSA Approximation														1,587.02%
Avg PSA Since Cut-off Approximation														1,587.02%










Page 14 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 15 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date





SPACE INTENTIONALLY LEFT BLANK


TOTAL


Page 16 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														0.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00

Cumulative
Cumulative



Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00










Page 17 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution


DEFAULT SPEEDS



															Total



MDR														0.00%
3 Months Avg MDR														0.00%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%


CDR														0.00%
3 Months Avg CDR														0.00%
12 Months Avg CDR														0.00%
Avg CDR Since Cut-off														0.00%


SDA														0.00%
3 Months Avg SDA Approximation														0.00%
12 Months Avg SDA Approximation														0.00%
Avg SDA Since Cut-off Approximation														0.00%


Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%












Page 18 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 19 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 20 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														2.590000%
Next LIBOR Rate														2.850000%




Page 21 of 22
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

March 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS

			A-1A										0.00		0.00
													0.00		0.00
			A-1B										0.00		0.00
													0.00		0.00
			A-1C1										0.00		0.00
													0.00		0.00
			A-1C2										0.00		0.00
													0.00		0.00
			A-2										0.00		0.00
													0.00		0.00
			A-3										0.00		0.00
													0.00		0.00
			M-1										0.00		0.00
													0.00		0.00
			M-2										0.00		0.00
													0.00		0.00
			M-3										0.00		0.00
													0.00		0.00
			M-4										0.00		0.00
													0.00		0.00
			M-5										0.00		0.00
													0.00		0.00
			M-6										0.00		2,553.12
													0.00		2,553.12
			M-7										0.00		3,489.38
													0.00		3,489.38
			M-8										0.00		#######
													0.00		#######
			M-9										0.00		#######
													0.00		#######






Page 22 of 22

Carrington Mortgage Loan Trust, Series 2005-NC1 8-K/A