UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 25, 2005 (Date of earliest event reported) Long Beach Securities Corp (as Depositor under the Pooling and Servicing Agreement, dated as January 1, 2005, providing for the issuance of Long Beach Mortgage Loan Trust 2005-1 Asset-Backed Pass- through Certificates, Series 2005-1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-109318-06 33-0917586 (Commission File Number) (I.R.S. Employer Identification No.) 1100 South Douglas Road Suite 100 Anaheim, California 92806 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 939-5200 (Former address: 1100 Town and Country Road Suite 1600 Orange, California 92868) 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 May 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 Long Beach Securities Corp ,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 May 25, 2005.

Washington, D.C. 20549



Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Long Beach Mortgage Corp.
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					15

										7. Foreclosure Report					16
										8. Prepayment Report					17
										9. Prepayment Detail Report					20

										10. Realized Loss Report					29
										11. Realized Loss Detail Report					32
				Servicer(s)
										12. Triggers and Adj. Cert. Report					33
				Long Beach Mortgage Corp.
										13. Additional Certificate Report					34

										14. Other Related Information					35


				Underwriter(s)
				Greenwich Capital Markets


										Total Number of Pages					35


				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Nicholas Gisler
				Close Date:			January 06, 2005			Administrator
				First Distribution Date:			February 25, 2005			(714) 247-6268
										Nicholas.Gisler@db.com

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			May 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			April 29, 2005
										Main Phone Number:			(714) 247-6000

							May 24, 2005


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






Page 1 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	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)

I-A1	SR,FLT	$	1,912,475,000.00		1,830,391,240.52		5,033,575.91		44,216,468.59		49,250,044.50		0.00		0.00		1,786,174,771.93

II-A1	SR,FLT	$	528,000,000.00		470,484,113.76		1,238,941.50		32,942,887.42		34,181,828.92		0.00		0.00		437,541,226.34
II-A2	SR,FLT	$	215,000,000.00		215,000,000.00		585,875.00		0.00		585,875.00		0.00		0.00		215,000,000.00
II-A3	SR,FLT	$	151,526,000.00		151,526,000.00		429,323.67		0.00		429,323.67		0.00		0.00		151,526,000.00
M-1	MEZ.FLT	$	159,250,000.00		159,250,000.00		467,133.33		0.00		467,133.33		0.00		0.00		159,250,000.00
M-2	MEZ.FLT	$	99,750,000.00		99,750,000.00		295,093.75		0.00		295,093.75		0.00		0.00		99,750,000.00
M-3	MEZ.FLT	$	61,250,000.00		61,250,000.00		183,750.00		0.00		183,750.00		0.00		0.00		61,250,000.00
M-4	MEZ.FLT	$	61,250,000.00		61,250,000.00		197,531.25		0.00		197,531.25		0.00		0.00		61,250,000.00
M-5	MEZ.FLT	$	43,750,000.00		43,750,000.00		144,739.58		0.00		144,739.58		0.00		0.00		43,750,000.00
M-6	MEZ.FLT	$	42,000,000.00		42,000,000.00		142,450.00		0.00		142,450.00		0.00		0.00		42,000,000.00
M-7	MEZ.FLT	$	35,000,000.00		35,000,000.00		134,750.00		0.00		134,750.00		0.00		0.00		35,000,000.00
M-8	MEZ.FLT	$	35,000,000.00		35,000,000.00		137,666.67		0.00		137,666.67		0.00		0.00		35,000,000.00
M-9	MEZ.FLT	$	35,000,000.00		35,000,000.00		168,291.67		0.00		168,291.67		0.00		0.00		35,000,000.00
B-1	SUB.FLT	$	35,000,000.00		35,000,000.00		182,875.00		0.00		182,875.00		0.00		0.00		35,000,000.00
B-2	SUB.FLT	$	24,500,000.00		24,500,000.00		128,012.50		0.00		128,012.50		0.00		0.00		24,500,000.00
C	SUB	$	61,251,900.56		61,250,052.51		8,858,551.23		0.00		8,858,551.23		0.00		0.00		61,250,052.51
P	R	$	100.00		100.00		1,046,516.11		0.00		1,046,516.11		0.00		0.00		100.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-CX	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-PX	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			3,500,003,000.56		3,360,401,506.79		19,375,077.17		77,159,356.01		96,534,433.18		0.00		0.00		3,283,242,150.78






Page 2 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
I-A1	04/25/05		05/24/05		A-Act/360		542514JV7		1,912,475,000.00		957.079826		2.631970		23.120024		25.751994	933.959802
II-A1	04/25/05		05/24/05		A-Act/360		542514JW5		528,000,000.00		891.068397		2.346480		62.391832		64.738312	828.676565
II-A2	04/25/05		05/24/05		A-Act/360		542514JX3		215,000,000.00		1,000.000000		2.725000		0.000000		2.725000	1,000.000000
II-A3	04/25/05		05/24/05		A-Act/360		542514JY1		151,526,000.00		1,000.000000		2.833333		0.000000		2.833333	1,000.000000
M-1	04/25/05		05/24/05		A-Act/360		542514JZ8		159,250,000.00		1,000.000000		2.933333		0.000000		2.933333	1,000.000000
M-2	04/25/05		05/24/05		A-Act/360		542514KA1		99,750,000.00		1,000.000000		2.958333		0.000000		2.958333	1,000.000000
M-3	04/25/05		05/24/05		A-Act/360		542514KB9		61,250,000.00		1,000.000000		3.000000		0.000000		3.000000	1,000.000000
M-4	04/25/05		05/24/05		A-Act/360		542514KC7		61,250,000.00		1,000.000000		3.225000		0.000000		3.225000	1,000.000000
M-5	04/25/05		05/24/05		A-Act/360		542514KD5		43,750,000.00		1,000.000000		3.308333		0.000000		3.308333	1,000.000000
M-6	04/25/05		05/24/05		A-Act/360		542514KE3		42,000,000.00		1,000.000000		3.391667		0.000000		3.391667	1,000.000000
M-7	04/25/05		05/24/05		A-Act/360		542514KF0		35,000,000.00		1,000.000000		3.850000		0.000000		3.850000	1,000.000000
M-8	04/25/05		05/24/05		A-Act/360		542514KG8		35,000,000.00		1,000.000000		3.933333		0.000000		3.933333	1,000.000000
M-9	04/25/05		05/24/05		A-Act/360		542514KH6		35,000,000.00		1,000.000000		4.808333		0.000000		4.808333	1,000.000000
B-1	04/25/05		05/24/05		A-Act/360		542514KJ2		35,000,000.00		1,000.000000		5.225000		0.000000		5.225000	1,000.000000
B-2	04/25/05		05/24/05		A-Act/360		542514KK9		24,500,000.00		1,000.000000		5.225000		0.000000		5.225000	1,000.000000
C	04/25/05		05/24/05				61,251,900.56		999.969829		144.624920		0.000000		144.624920		999.969829
P	04/25/05		05/24/05				100.00		1,000.000000		###############		0.000000		###############		1,000.000000
R	04/25/05		05/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-CX	04/25/05		05/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-PX	04/25/05		05/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

Distribution to Date - REMIC II
																	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)
I-A1	1,912,475,000.00		21,537,679.20		121,069,122.58		5,231,105.49		126,300,228.07		147,837,907.27		0.00		0.00		1,786,174,771.93
II-A1	528,000,000.00		5,522,257.09		86,770,829.42		3,687,944.24		90,458,773.66		95,981,030.75		0.00		0.00		437,541,226.34
II-A2	215,000,000.00		2,436,069.44		0.00		0.00		0.00		2,436,069.44		0.00		0.00		215,000,000.00
II-A3	151,526,000.00		1,792,931.39		0.00		0.00		0.00		1,792,931.39		0.00		0.00		151,526,000.00
M-1	159,250,000.00		1,958,111.45		0.00		0.00		0.00		1,958,111.45		0.00		0.00		159,250,000.00
M-2	99,750,000.00		1,238,063.75		0.00		0.00		0.00		1,238,063.75		0.00		0.00		99,750,000.00
M-3	61,250,000.00		772,039.23		0.00		0.00		0.00		772,039.23		0.00		0.00		61,250,000.00
M-4	61,250,000.00		835,892.36		0.00		0.00		0.00		835,892.36		0.00		0.00		61,250,000.00
M-5	43,750,000.00		613,958.33		0.00		0.00		0.00		613,958.33		0.00		0.00		43,750,000.00
M-6	42,000,000.00		605,616.67		0.00		0.00		0.00		605,616.67		0.00		0.00		42,000,000.00
M-7	35,000,000.00		579,006.94		0.00		0.00		0.00		579,006.94		0.00		0.00		35,000,000.00
M-8	35,000,000.00		592,520.84		0.00		0.00		0.00		592,520.84		0.00		0.00		35,000,000.00
M-9	35,000,000.00		734,416.67		0.00		0.00		0.00		734,416.67		0.00		0.00		35,000,000.00
B-1	35,000,000.00		801,986.11		0.00		0.00		0.00		801,986.11		0.00		0.00		35,000,000.00
B-2	24,500,000.00		561,390.29		0.00		0.00		0.00		561,390.29		0.00		0.00		24,500,000.00
C	61,251,900.56		34,588,905.91		1,660.75		187.30		1,848.05		34,590,753.96		0.00		0.00		61,250,052.51
P	100.00		2,358,820.61		0.00		0.00		0.00		2,358,820.61		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
R-CX	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-PX	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	3,500,003,000.56		77,529,666.28		207,841,612.75		8,919,237.03		216,760,849.78		294,290,516.06		0.00		0.00		3,283,242,150.78



Page 4 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


	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)
I-A1	3.30000%		1,830,391,240.52		5,033,575.91		0.00		0.00		0.00		5,033,575.91		5,033,575.91		0.00
II-A1	3.16000%		470,484,113.76		1,238,941.50		0.00		0.00		0.00		1,238,941.50		1,238,941.50		0.00
II-A2	3.27000%		215,000,000.00		585,875.00		0.00		0.00		0.00		585,875.00		585,875.00		0.00
II-A3	3.40000%		151,526,000.00		429,323.67		0.00		0.00		0.00		429,323.67		429,323.67		0.00
M-1	3.52000%		159,250,000.00		467,133.33		0.00		0.00		0.00		467,133.33		467,133.33		0.00
M-2	3.55000%		99,750,000.00		295,093.75		0.00		0.00		0.00		295,093.75		295,093.75		0.00
M-3	3.60000%		61,250,000.00		183,750.00		0.00		0.00		0.00		183,750.00		183,750.00		0.00
M-4	3.87000%		61,250,000.00		197,531.25		0.00		0.00		0.00		197,531.25		197,531.25		0.00
M-5	3.97000%		43,750,000.00		144,739.58		0.00		0.00		0.00		144,739.58		144,739.58		0.00
M-6	4.07000%		42,000,000.00		142,450.00		0.00		0.00		0.00		142,450.00		142,450.00		0.00
M-7	4.62000%		35,000,000.00		134,750.00		0.00		0.00		0.00		134,750.00		134,750.00		0.00
M-8	4.72000%		35,000,000.00		137,666.67		0.00		0.00		0.00		137,666.67		137,666.67		0.00
M-9	5.77000%		35,000,000.00		168,291.67		0.00		0.00		0.00		168,291.67		168,291.67		0.00
B-1	6.27000%		35,000,000.00		182,875.00		0.00		0.00		0.00		182,875.00		182,875.00		0.00
B-2	6.27000%		24,500,000.00		128,012.50		0.00		0.00		0.00		128,012.50		128,012.50		0.00
C	173.55514%		61,250,052.51		8,858,551.23		0.00		0.00		0.00		8,858,551.23		8,858,551.23		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		1,046,516.11		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-CX	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-PX	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			3,360,401,506.79		18,328,561.06		0.00		0.00		0.00		18,328,561.06		19,375,077.17		0.00



Page 5 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										32,942,887.42		44,216,468.59		77,159,356.01
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										32,942,887.42		44,216,468.59		77,159,356.01
Interest Collections										5,859,605.60		13,393,402.21		19,253,007.81
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		1,046,516.11
Interest Fees										-273,263.75		-651,182.99		-924,446.75
TOTAL NET INTEREST										5,586,341.85		12,742,219.22		19,375,077.17
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										38,529,229.27		56,958,687.81		96,534,433.18



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											617,757.69		1,562,713.92		2,180,471.61
Prepayments In Full											32,293,191.13		42,612,184.76		74,905,375.89
Curtailments											31,938.60		41,569.91		73,508.51
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Repurchased Principal Amounts											0.00		0.00		0.00
Other Principal											0.00		0.00		0.00
Total Realized Loss Of Principal											-0.00		-0.00		-0.00
Delinquent Principal											-236,392.14		-490,739.23		-727,131.37
Advanced Principal											236,392.14		490,739.23		727,131.37
TOTAL PRINCIPAL COLLECTED											32,942,887.42		44,216,468.59		77,159,356.01


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

										Group 2		Group 1		Total
TOTAL OTHER ACCOUNTS PRINCIPAL										0.00		0.00		0.00





Page 6 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										6,027,555.10		13,702,573.43		19,730,128.53
Liquidation Interest										0.00		0.00		0.00
Repurchased Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Interest										0.00		0.00		0.00
Relief Act Interest Shortfalls										-0.00		-0.00		-0.00
Prepayment Interest Shortfalls										-77,760.11		-113,343.14		-191,103.25
Compensating Interest										77,760.11		113,343.14		191,103.26
Delinquent Interest										-2,376,436.94		-4,561,438.91		-6,937,875.85
Interest Advanced										2,208,487.44		4,252,267.69		6,460,755.13
TOTAL INTEREST COLLECTED										5,859,605.60		13,393,402.21		19,253,007.81


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
Nonrecoverable Advances										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														1,046,516.11
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		1,046,516.11



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										272,822.97		650,223.60		923,046.58
Current Trustee Fees										440.77		959.39		1,400.17
TOTAL INTEREST OTHER FEES										273,263.75		651,182.99		924,446.75




Page 7 of 35
Long Beach Mortgage Loan Trust 2005-1

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2005-1

May 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralized Amount - Prior Period														61,250,052.51
Current Period Losses														0.00
Overcollateralized Amount - After Current Losses														61,250,052.51

Overcollateralization Increase Amount														0.00
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														61,250,052.51

Overcollateralization Deficiency Amount														0.00
Required Overcollateralized Amount														61,250,052.51



Page 8 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,378		14,858		17,236
Prior										2,256		14,411		16,667
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-70		-240		-310
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,186		14,171		16,357
Principal Balance:


Original										1,115,370,528.99		2,384,632,471.57		3,500,003,000.56
Prior										1,057,853,946.00		2,302,547,560.79		3,360,401,506.79
Prefunding										0.00		0.00		0.00
Scheduled Principal										-617,757.69		-1,562,713.92		-2,180,471.61
Partial Prepayments										-31,938.60		-41,569.91		-73,508.51
Full Voluntary Prepayments										-32,293,191.13		-42,612,184.76		-74,905,375.89
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										1,024,911,058.58		2,258,331,092.20		3,283,242,150.78





PREFUNDING

										Group 2		Group 1		Total
Repurchase Loan Count										0		0		0
Repurchase Loan Balance										0.00		0.00		0.00
Substitution Loan Count										0		0		0
Substitution Loan Balance										0.00		0.00		0.00






Page 9 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										6.84832%		7.14542%		7.05074%
Weighted Average Coupon Prior										6.83949%		7.14286%		7.04673%
Weighted Average Coupon Current										6.83749%		7.14126%		7.04563%
Weighted Average Months to Maturity Original										356		355		356
Weighted Average Months to Maturity Prior										354		353		353
Weighted Average Months to Maturity Current										353		352		352
Weighted Avg Remaining Amortization Term Original										356		355		356
Weighted Avg Remaining Amortization Term Prior										354		353		353
Weighted Avg Remaining Amortization Term Current										353		352		352
Weighted Average Seasoning Original										3.27		3.32		3.31
Weighted Average Seasoning Prior										5.26		5.31		5.30
Weighted Average Seasoning Current										6.26		6.30		6.29









Page 10 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										5.09977%		5.08859%		5.09228%
Weighted Average Margin Prior										5.10051%		5.08925%		5.09294%
Weighted Average Margin Current										5.10277%		5.08860%		5.09321%
Weighted Average Max Rate Original										12.84962%		13.11521%		13.02763%
Weighted Average Max Rate Prior										12.84183%		13.11167%		13.02322%
Weighted Average Max Rate Current										12.83837%		13.10837%		13.02051%
Weighted Average Min Rate Original										6.84574%		7.11061%		7.02327%
Weighted Average Min Rate Prior										6.83786%		7.10700%		7.01878%
Weighted Average Min Rate Current										6.83428%		7.10374%		7.01605%
Weighted Average Cap Up Original										1.06104%		1.07139%		1.06798%
Weighted Average Cap Up Prior										1.06071%		1.07176%		1.06814%
Weighted Average Cap Up Current										1.05946%		1.07243%		1.06821%
Weighted Average Cap Down Original										1.06104%		1.07139%		1.06798%
Weighted Average Cap Down Prior										1.06071%		1.07176%		1.06814%
Weighted Average Cap Down Current										1.05946%		1.07243%		1.06821%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										272,822.97		650,223.60		923,046.58
Delinquent Servicing Fees										167,949.50		309,171.21		477,120.71
TOTAL SERVICING FEES										440,772.48		959,394.85		1,400,167.33


Compensating Interest										-77,760.11		-113,343.14		-191,103.26
Delinquent Servicing Fees										-167,949.50		-309,171.21		-477,120.71
COLLECTED SERVICING FEES										351,408.83		536,880.48		731,943.35


Aggregate Advances with respect to this Distribution										2,357,765.67		4,374,642.12		6,732,407.78





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall										0.00		0.00		0.00

Libor For Current Period														3.0200%

Libor For Next Period														3.0900%





Page 11 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				41,643,626.75		16,346,821.69		4,035,647.04		62,026,095.48
			% Balance				1.27%		0.50%		0.12%		1.89%
			# Loans				202		63		19		284
			% # Loans				1.23%		0.39%		0.12%		1.74%
	FORECLOSURE		Balance		0.00		0.00		1,388,427.62		5,182,678.65		6,571,106.27
			% Balance		0.00%		0.00%		0.04%		0.16%		0.20%
			# Loans		0		0		10		20		30
			% # Loans		0.00%		0.00%		0.06%		0.12%		0.18%
	BANKRUPTCY		Balance		4,521,834.51		400,931.01		0.00		54,158.17		4,976,923.69
			% Balance		0.14%		0.01%		0.00%		0.00%		0.15%
			# Loans		30		2		0		1		33
			% # Loans		0.18%		0.01%		0.00%		0.01%		0.20%
	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		4,521,834.51		42,044,557.76		17,735,249.31		9,272,483.86		73,574,125.44
			% Balance		0.14%		1.28%		0.54%		0.28%		2.24%
			# Loans		30		204		73		40		347
			% # Loans		0.18%		1.25%		0.45%		0.24%		2.12%









Page 12 of 35
Long Beach Mortgage Loan Trust 2005-1

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2005-1

May 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				27,310,927.99		8,037,315.37		2,213,598.39		37,561,841.75
			% Balance				1.21%		0.36%		0.10%		1.66%
			# Loans				173		46		15		234
			% # Loans				1.22%		0.32%		0.11%		1.65%
	FORECLOSURE		Balance		0.00		0.00		1,388,427.62		2,849,097.46		4,237,525.08
			% Balance		0.00%		0.00%		0.06%		0.13%		0.19%
			# Loans		0		0		10		15		25
			% # Loans		0.00%		0.00%		0.07%		0.11%		0.18%
	BANKRUPTCY		Balance		4,162,108.48		400,931.01		0.00		54,158.17		4,617,197.66
			% Balance		0.18%		0.02%		0.00%		0.00%		0.20%
			# Loans		29		2		0		1		32
			% # Loans		0.20%		0.01%		0.00%		0.01%		0.23%
	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		4,162,108.48		27,711,859.00		9,425,742.99		5,116,854.02		46,416,564.49
			% Balance		0.18%		1.23%		0.42%		0.23%		2.06%
			# Loans		29		175		56		31		291
			% # Loans		0.20%		1.23%		0.40%		0.22%		2.05%










Page 13 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				14,332,698.76		8,309,506.32		1,822,048.65		24,464,253.73
			% Balance				1.40%		0.81%		0.18%		2.39%
			# Loans				29		17		4		50
			% # Loans				1.33%		0.78%		0.18%		2.29%
	FORECLOSURE		Balance		0.00		0.00		0.00		2,333,581.19		2,333,581.19
			% Balance		0.00%		0.00%		0.00%		0.23%		0.23%
			# Loans		0		0		0		5		5
			% # Loans		0.00%		0.00%		0.00%		0.23%		0.23%
	BANKRUPTCY		Balance		359,726.03		0.00		0.00		0.00		359,726.03
			% Balance		0.04%		0.00%		0.00%		0.00%		0.04%
			# Loans		1		0		0		0		1
			% # Loans		0.05%		0.00%		0.00%		0.00%		0.05%
	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		359,726.03		14,332,698.76		8,309,506.32		4,155,629.84		27,157,560.95
			% Balance		0.04%		1.40%		0.81%		0.41%		2.65%
			# Loans		1		29		17		9		56
			% # Loans		0.05%		1.33%		0.78%		0.41%		2.56%









Page 14 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 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 15 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 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
6295507 1
			168,800.00		167,648.06		01-Dec-2004		6.900%		CO - 80.00%		360		01-Oct-2004

6299669 1			81,000.00		80,607.54		01-Dec-2004		8.500%		KY - 55.86%		360		01-Nov-2004
6306763 1			46,400.00		46,281.18		01-Jan-2005		10.500%		TX - 80.00%		360		01-Dec-2004
6309533 1			176,000.00		175,229.79		01-Dec-2004		8.450%		FL - 100.00%		360		01-Nov-2004
6311031 1			260,000.00		258,108.06		01-Dec-2004		5.850%		NV - 80.00%		360		01-Nov-2004
6312400 1			156,000.00		156,000.00		01-Dec-2004		5.700%		CO - 80.00%		360		01-Dec-2004
6314287 1			285,000.00		283,852.48		01-Dec-2004		7.150%		MD - 83.82%		360		01-Jan-2005
6314512 1			140,000.00		139,277.81		01-Jan-2005		7.650%		FL - 80.00%		360		01-Nov-2004
6314543 1			44,000.00		43,822.80		01-Jan-2005		8.750%		TN - 80.00%		360		01-Dec-2004
6315199 1			164,000.00		163,555.51		01-Dec-2004		10.000%		MN - 80.00%		360		01-Dec-2004
6316062 1			145,600.00		144,954.35		01-Jan-2005		7.600%		IL - 80.00%		360		01-Dec-2004
6317966 1			56,700.00		56,537.97		01-Dec-2004		9.750%		MI - 90.00%		360		01-Dec-2004
6320210 1			212,000.00		210,966.86		01-Dec-2004		7.125%		IL - 80.00%		360		01-Dec-2004
6320510 1			225,000.00		#######		01-Dec-2004		8.400%		GA - 90.00%		360		01-Dec-2004
6321294 1			168,750.00		168,059.21		01-Dec-2004		8.000%		RI - 75.00%		360		01-Dec-2004
6322155 1			236,000.00		236,000.00		01-Dec-2004		6.850%		GA - 80.00%		360		01-Dec-2004
6322754 1			157,500.00		156,842.18		01-Jan-2005		7.900%		MI - 90.00%		360		01-Dec-2004
6323095 1			147,600.00		147,077.60		01-Jan-2005		7.800%		GA - 87.34%		360		01-Jan-2005
6326135 1			229,600.00		228,361.71		01-Jan-2005		6.600%		CA - 80.00%		360		01-Dec-2004
6327177 1			232,000.00		230,908.39		01-Dec-2004		7.300%		CA - 80.00%		360		01-Dec-2004
6327247 1			159,920.00		159,057.55		01-Dec-2004		6.600%		IL - 80.00%		360		01-Dec-2004
6329312 1			280,000.00		278,415.62		01-Dec-2004		6.350%		CA - 80.00%		360		01-Dec-2004
6329453 1			252,000.00		250,957.96		01-Jan-2005		7.950%		IL - 80.00%		360		01-Dec-2004
6331803 1			72,000.00		71,752.50		01-Jan-2005		7.950%		TN - 80.00%		360		01-Jan-2005
6343438 1			159,600.00		159,099.53		01-Jan-2005		8.400%		TX - 95.00%		360		01-Jan-2005
6298219 2			432,000.00		429,377.51		01-Dec-2004		6.800%		NY - 80.00%		360		01-Nov-2004
6311482 2			580,000.00		577,077.18		01-Dec-2004		6.950%		IL - 80.00%		360		01-Dec-2004
6312002 2			360,000.00		358,150.21		01-Dec-2004		6.850%		NY - 80.00%		360		01-Dec-2004
6315415 2			435,000.00		432,120.63		01-Dec-2004		6.350%		CA - 79.82%		360		01-Nov-2004
6324875 2			540,000.00		536,855.66		01-Dec-2004		6.200%		TX - 80.00%		360		01-Dec-2004


TOTAL			6,602,470.00		6,571,106.27



Page 16 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										70		240		310
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										70		240		310
Curtailments Amount										31,938.60		41,569.91		73,508.51
Paid in Full Balance										32,293,191.13		42,612,184.76		74,905,375.89
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										32,325,129.73		42,653,754.67		74,978,884.40

Cumulative


Number of Paid in Full Loans										192		669		861
Number of Repurchased Loans										0		18		18
Total Number of Loans Prepaid in Full										192		687		879
Paid in Full Balance										87,774,071.15		119,526,219.28		207,300,290.43
Repurchased Loans Balance										0.00		8,566,624.46		8,566,624.46
Curtailments Amount										127,795.48		-8,153,097.62		-8,025,302.14
Total Prepayment Amount										87,901,866.63		119,939,746.12		207,841,612.75










Page 17 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										3.06%		1.85%		2.23%
3 Months Avg SMM										2.48%		1.54%		1.84%
12 Months Avg SMM										2.03%		1.28%		1.52%
Avg SMM Since Cut-off										2.03%		1.28%		1.52%


CPR										31.11%		20.11%		23.74%
3 Months Avg CPR										25.99%		16.98%		19.93%
12 Months Avg CPR										21.86%		14.37%		16.81%
Avg CPR Since Cut-off										21.86%		14.37%		16.81%


PSA										2,483.35%		1,595.03%		1,886.30%
3 Months Avg PSA Approximation										2,467.88%		1,598.98%		1,881.91%
12 Months Avg PSA Approximation										2,293.34%		1,492.82%		1,751.43%
Avg PSA Since Cut-off Approximation										2,293.34%		1,492.82%		1,751.43%










Page 18 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 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 19 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

5830716 1			207,000.00		204,601.36			04-Apr-2005		8.525%		NH - 90.00%		Paid Off - 360		01-Dec-2003


5868690 2			347,200.00		341,444.27			27-Apr-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Nov-2003

5914130 1			114,300.00		112,924.17			15-Apr-2005		8.000%		CA - 90.00%		Paid Off - 360		01-Dec-2003

5932660 1			271,920.00		267,735.91			29-Apr-2005		6.725%		IL - 80.00%		Paid Off - 360		01-Dec-2003

6229201 1			280,000.00		276,505.44			28-Apr-2005		6.350%		NJ - 80.00%		Paid Off - 360		01-May-2004

6232828 1			131,400.00		129,859.02			18-Apr-2005		6.250%		LA - 90.00%		Paid Off - 360		01-May-2004

6250305 1			292,000.00		292,000.00			15-Apr-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Jul-2004

6253494 2			445,550.00		441,436.12			01-Apr-2005		6.625%		CA - 95.00%		Paid Off - 360		01-Jul-2004

6254934 1			202,310.00		201,650.74			15-Apr-2005		11.100%		NJ - 59.50%		Paid Off - 360		01-Aug-2004

6256622 1			148,500.00		148,500.00			25-Apr-2005		7.875%		FL - 90.00%		Paid Off - 360		01-Aug-2004

6260167 1			48,000.00		47,668.07			19-Apr-2005		8.000%		NY - 80.00%		Paid Off - 360		01-Jul-2004

6267206 1			190,800.00		185,230.91			22-Apr-2005		6.950%		IL - 90.00%		Paid Off - 180		01-Aug-2004

6274498 1			268,000.00		265,995.84			06-Apr-2005		6.425%		CA - 80.00%		Paid Off - 360		01-Sep-2004

6276858 1			212,400.00		211,107.87			18-Apr-2005		7.550%		TX - 90.00%		Paid Off - 360		01-Sep-2004

6279219 1			224,000.00		222,323.56			28-Apr-2005		5.700%		CA - 80.00%		Paid Off - 360		01-Oct-2004

6281092 1			132,000.00		132,000.00			15-Apr-2005		6.700%		WA - 80.00%		Paid Off - 360		01-Oct-2004

6282622 1			119,000.00		118,564.18			21-Apr-2005		8.550%		IL - 70.00%		Paid Off - 360		01-Nov-2004

6283091 1			85,000.00		84,518.71			21-Apr-2005		7.850%		FL - 73.91%		Paid Off - 360		01-Sep-2004

6283789 1			69,700.00		69,528.30			06-Apr-2005		10.450%		PA - 85.00%		Paid Off - 360		01-Nov-2004

6283814 1			78,000.00		77,677.74			04-Apr-2005		9.400%		GA - 78.79%		Paid Off - 360		01-Sep-2004

6285358 1			179,200.00		178,823.50			27-Apr-2005		6.650%		CO - 80.00%		Paid Off - 360		01-Sep-2004

6287415 1			88,000.00		87,433.05			27-Apr-2005		5.750%		FL - 80.00%		Paid Off - 360		01-Nov-2004

6287883 1			104,000.00		101,511.01			04-Apr-2005		6.250%		NY - 65.00%		Paid Off - 180		01-Oct-2004

6288120 1			297,000.00		295,361.12			18-Apr-2005		7.300%		CA - 90.00%		Paid Off - 360		01-Oct-2004

6288890 1			195,000.00		194,046.64			01-Apr-2005		7.900%		CA - 62.90%		Paid Off - 360		01-Oct-2004

6288891 1			205,000.00		203,951.70			04-Apr-2005		6.875%		CA - 57.26%		Paid Off - 360		01-Nov-2004

6289870 1			53,700.00		53,442.14			11-Apr-2005		7.990%		IL - 72.57%		Paid Off - 360		01-Oct-2004

6290705 1			198,626.40		198,626.40			01-Apr-2005		7.900%		CA - 90.00%		Paid Off - 360		01-Oct-2004

6290986 1			119,600.00		119,076.61			15-Apr-2005		8.450%		IL - 80.00%		Paid Off - 360		01-Oct-2004

6291445 1			132,000.00		131,150.98			14-Apr-2005		6.500%		GA - 80.00%		Paid Off - 360		01-Oct-2004

6291805 1			32,000.00		31,885.92			06-Apr-2005		10.350%		PA - 80.00%		Paid Off - 360		01-Nov-2004

6292139 1			96,400.00		96,400.00			14-Apr-2005		7.150%		CO - 80.00%		Paid Off - 360		01-Oct-2004

6292269 1			227,200.00		225,870.67			28-Apr-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Oct-2004

6293238 1			128,000.00		127,316.25			27-Apr-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6293869 1			91,000.00		90,427.11			29-Apr-2005		6.950%		CA - 32.50%		Paid Off - 360		01-Oct-2004

6294767 1			232,000.00		230,309.91			18-Apr-2005		5.000%		CT - 80.00%		Paid Off - 360		01-Nov-2004

6295146 1			92,250.00		91,850.34			22-Apr-2005		8.500%		WA - 90.00%		Paid Off - 360		01-Oct-2004




Page 20 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6295176 1			54,400.00		54,092.16			29-Apr-2005		6.350%		OH - 80.00%		Paid Off - 360		01-Nov-2004


6295860 1			180,000.00		179,532.36			28-Apr-2005		10.200%		CA - 63.60%		Paid Off - 360		01-Nov-2004

6296198 2			780,000.00		776,471.99			26-Apr-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6296533 1			187,000.00		186,069.19			13-Apr-2005		7.850%		CA - 85.00%		Paid Off - 360		01-Oct-2004

6296716 1			180,000.00		179,316.29			12-Apr-2005		9.150%		MI - 80.00%		Paid Off - 360		01-Oct-2004

6297177 2			392,000.00		392,000.00			12-Apr-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004

6297897 1			76,000.00		75,613.24			05-Apr-2005		6.900%		TN - 71.03%		Paid Off - 360		01-Nov-2004

6298296 1			232,800.00		231,842.21			07-Apr-2005		7.975%		WI - 80.00%		Paid Off - 360		01-Nov-2004

6298925 2			421,600.00		421,600.00			15-Apr-2005		5.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6299025 1			161,000.00		160,327.56			26-Apr-2005		7.900%		IL - 89.44%		Paid Off - 360		01-Nov-2004

6299085 1			218,000.00		217,500.91			27-Apr-2005		10.800%		CA - 61.76%		Paid Off - 360		01-Nov-2004

6299332 1			247,000.00		246,371.72			28-Apr-2005		10.550%		DC - 65.00%		Paid Off - 360		01-Nov-2004

6299425 1			116,800.00		116,181.50			27-Apr-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6299429 1			215,050.00		214,316.91			26-Apr-2005		8.900%		CA - 85.00%		Paid Off - 360		01-Nov-2004

6299683 1			113,000.00		112,598.63			01-Apr-2005		8.700%		CT - 80.00%		Paid Off - 360		01-Nov-2004

6300003 2			607,500.00		605,533.17			07-Apr-2005		9.150%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6300040 2			348,000.00		345,980.55			25-Apr-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6300208 1			292,500.00		291,110.06			14-Apr-2005		7.250%		CA - 83.57%		Paid Off - 360		01-Nov-2004

6300228 2			352,000.00		350,208.74			29-Apr-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6300472 1			325,000.00		324,128.45			27-Apr-2005		10.050%		MD - 65.00%		Paid Off - 360		01-Nov-2004

6300506 1			175,000.00		174,135.84			27-Apr-2005		7.850%		MD - 63.64%		Paid Off - 360		01-Oct-2004

6300960 1			358,700.00		357,186.75			20-Apr-2005		7.850%		NY - 85.00%		Paid Off - 360		01-Nov-2004

6301000 1			260,550.00		260,550.00			20-Apr-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6301112 1			111,000.00		110,350.51			28-Apr-2005		6.990%		AZ - 84.73%		Paid Off - 360		01-Oct-2004

6301245 1			280,000.00		277,943.32			27-Apr-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Oct-2004

6301257 1			292,500.00		292,500.00			29-Apr-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6301339 1			323,000.00		320,479.22			27-Apr-2005		5.475%		CA - 79.95%		Paid Off - 360		01-Oct-2004

6301500 1			85,600.00		85,095.26			20-Apr-2005		6.950%		UT - 80.00%		Paid Off - 360		01-Oct-2004

6301677 1			116,000.00		115,379.81			06-Apr-2005		7.450%		CO - 80.00%		Paid Off - 360		01-Oct-2004

6302302 1			138,400.00		138,360.74			07-Apr-2005		7.800%		CO - 80.00%		Paid Off - 360		01-Oct-2004

6302330 1			275,360.00		274,113.86			01-Apr-2005		6.550%		NY - 80.00%		Paid Off - 360		01-Dec-2004

6302657 2			400,000.00		398,099.24			01-Apr-2005		7.250%		NY - 100.00%		Paid Off - 360		01-Nov-2004

6302709 2			386,400.00		386,396.40			29-Apr-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6302765 1			164,000.00		163,301.20			20-Apr-2005		7.800%		FL - 80.00%		Paid Off - 360		01-Nov-2004

6303279 1			276,000.00		275,068.74			05-Apr-2005		8.950%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6303303 2			342,400.00		342,400.00			18-Apr-2005		6.750%		WA - 80.00%		Paid Off - 360		01-Nov-2004

6303314 2			435,400.00		434,099.86			28-Apr-2005		9.550%		WA - 70.00%		Paid Off - 360		01-Nov-2004

6303495 1			328,500.00		328,500.00			04-Apr-2005		8.200%		CA - 90.00%		Paid Off - 360		01-Nov-2004




Page 21 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6303602 1			#######		242,250.00			14-Apr-2005		8.150%		CA - 85.00%		Paid Off - 360		01-Nov-2004


6303640 1			187,900.00		186,539.14			11-Apr-2005		5.875%		VA - 79.99%		Paid Off - 360		01-Oct-2004

6303797 1			201,000.00		199,466.92			07-Apr-2005		6.950%		IL - 79.79%		Paid Off - 360		01-Nov-2004

6303872 1			112,000.00		111,407.51			26-Apr-2005		6.700%		CA - 70.00%		Paid Off - 360		01-Nov-2004

6303873 1			60,000.00		59,652.25			18-Apr-2005		6.225%		MI - 80.00%		Paid Off - 360		01-Nov-2004

6303917 1			67,500.00		67,108.84			18-Apr-2005		6.225%		MI - 75.00%		Paid Off - 360		01-Nov-2004

6303969 1			275,500.00		273,935.20			04-Apr-2005		6.350%		IL - 78.71%		Paid Off - 360		01-Nov-2004

6304196 1			52,700.00		52,362.75			05-Apr-2005		5.700%		MI - 85.00%		Paid Off - 360		01-Nov-2004

6304230 1			48,000.00		47,811.49			14-Apr-2005		11.550%		WI - 63.16%		Paid Off - 360		01-Nov-2004

6304707 1			132,800.00		132,162.67			05-Apr-2005		7.200%		MI - 80.00%		Paid Off - 360		01-Nov-2004

6304746 1			121,500.00		121,081.49			28-Apr-2005		8.850%		MI - 88.69%		Paid Off - 360		01-Nov-2004

6304861 1			168,000.00		167,851.44			27-Apr-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6305271 1			60,200.00		58,458.48			05-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305276 1			60,900.00		59,766.93			05-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305294 1			73,500.00		71,092.73			05-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305304 1			73,500.00		71,691.83			05-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305310 1			63,000.00		61,827.89			18-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305312 1			88,200.00		85,514.99			05-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305320 1			64,400.00		63,201.82			05-Apr-2005		7.375%		WI - 70.00%		Paid Off - 180		01-Nov-2004

6305362 1			190,000.00		188,959.80			18-Apr-2005		6.650%		GA - 95.00%		Paid Off - 360		01-Nov-2004

6305394 1			181,000.00		181,000.00			15-Apr-2005		6.500%		CA - 73.88%		Paid Off - 360		01-Nov-2004

6305422 1			228,000.00		228,000.00			07-Apr-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6305607 2			344,000.00		342,266.47			12-Apr-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6305616 1			240,000.00		238,609.14			12-Apr-2005		6.225%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6305655 2			348,760.00		348,760.00			25-Apr-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6305713 2			355,000.00		353,393.45			20-Apr-2005		6.550%		WA - 57.26%		Paid Off - 360		01-Nov-2004

6305828 1			276,300.00		276,299.75			04-Apr-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6306297 1			290,000.00		288,246.01			15-Apr-2005		6.000%		VA - 80.00%		Paid Off - 360		01-Nov-2004

6306690 2			585,000.00		585,000.00			26-Apr-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6306706 1			163,200.00		162,461.82			01-Apr-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Nov-2004

6306979 1			170,000.00		169,091.96			07-Apr-2005		6.650%		CO - 80.00%		Paid Off - 360		01-Nov-2004

6306997 1			154,800.00		154,178.91			05-Apr-2005		8.100%		IL - 90.00%		Paid Off - 360		01-Nov-2004

6307215 2			517,500.00		517,495.92			22-Apr-2005		7.300%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6307315 1			269,600.00		268,227.65			20-Apr-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6307326 1			276,800.00		275,418.63			12-Apr-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6307375 1			256,000.00		254,807.24			07-Apr-2005		7.350%		TX - 80.00%		Paid Off - 360		01-Nov-2004

6307530 1			150,000.00		149,273.02			27-Apr-2005		7.150%		TX - 40.11%		Paid Off - 360		01-Nov-2004

6307895 1			169,600.00		168,809.79			04-Apr-2005		7.350%		FL - 80.00%		Paid Off - 360		01-Nov-2004




Page 22 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6307905 1			168,800.00		167,981.97			01-Apr-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Nov-2004


6307949 1			200,000.00		198,640.21			26-Apr-2005		5.375%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6308821 1			272,000.00		270,745.11			21-Apr-2005		7.400%		IL - 80.00%		Paid Off - 360		01-Nov-2004

6309031 1			65,600.00		65,262.86			26-Apr-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6309195 1			101,600.00		101,067.69			26-Apr-2005		6.750%		UT - 80.00%		Paid Off - 360		01-Nov-2004

6309198 1			224,100.00		223,163.97			29-Apr-2005		7.900%		CA - 83.00%		Paid Off - 360		01-Nov-2004

6309265 2			850,000.00		846,449.90			19-Apr-2005		7.900%		FL - 87.18%		Paid Off - 360		01-Nov-2004

6309277 1			201,500.00		201,104.23			15-Apr-2005		11.500%		CA - 65.00%		Paid Off - 360		01-Nov-2004

6309501 1			192,000.00		191,100.43			05-Apr-2005		7.350%		VA - 84.92%		Paid Off - 360		01-Nov-2004

6309509 1			184,000.00		183,235.54			04-Apr-2005		6.990%		NJ - 80.00%		Paid Off - 360		01-Dec-2004

6309765 1			252,400.00		251,038.79			15-Apr-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6309816 2			674,860.00		672,487.45			06-Apr-2005		8.750%		AZ - 82.00%		Paid Off - 360		01-Nov-2004

6309860 1			184,000.00		183,157.59			21-Apr-2005		7.450%		IL - 80.00%		Paid Off - 360		01-Nov-2004

6310107 1			314,500.00		313,091.53			15-Apr-2005		7.550%		CA - 85.00%		Paid Off - 360		01-Nov-2004

6310251 1			108,500.00		107,588.59			20-Apr-2005		7.990%		GA - 70.00%		Paid Off - 360		01-Nov-2004

6310465 1			270,000.00		269,999.76			01-Apr-2005		6.490%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6310687 1			214,400.00		213,604.13			19-Apr-2005		6.450%		CO - 80.00%		Paid Off - 360		01-Jan-2005

6310692 2			337,000.00		335,445.28			20-Apr-2005		7.400%		CA - 65.18%		Paid Off - 360		01-Nov-2004

6310999 1			192,000.00		190,753.91			21-Apr-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6311007 1			143,720.00		143,119.72			15-Apr-2005		7.900%		GA - 80.00%		Paid Off - 360		01-Nov-2004

6311093 2			416,000.00		413,362.62			06-Apr-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6311233 1			301,000.00		299,755.39			22-Apr-2005		7.950%		OR - 78.18%		Paid Off - 360		01-Nov-2004

6311396 1			228,800.00		227,589.63			25-Apr-2005		6.700%		IL - 80.00%		Paid Off - 360		01-Nov-2004

6311430 1			192,000.00		191,189.83			28-Apr-2005		9.300%		DC - 80.00%		Paid Off - 360		01-Dec-2004

6311454 1			148,500.00		147,990.00			06-Apr-2005		7.950%		RI - 90.00%		Paid Off - 360		01-Dec-2004

6311523 2			575,000.00		575,000.00			27-Apr-2005		6.050%		FL - 68.05%		Paid Off - 360		01-Nov-2004

6311565 2			565,000.00		562,875.46			22-Apr-2005		7.600%		CA - 84.96%		Paid Off - 360		01-Dec-2004

6311637 1			216,000.00		214,932.50			29-Apr-2005		7.050%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6311740 1			200,000.00		199,352.48			28-Apr-2005		9.150%		NJ - 80.00%		Paid Off - 360		01-Nov-2004

6311845 2			408,000.00		405,713.27			08-Apr-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6311861 2			361,800.00		360,786.52			29-Apr-2005		8.950%		IL - 90.00%		Paid Off - 360		01-Dec-2004

6311993 1			128,000.00		127,373.59			25-Apr-2005		8.000%		WI - 80.00%		Paid Off - 360		01-Nov-2004

6312067 1			224,000.00		223,045.55			15-Apr-2005		7.800%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6312079 1			227,000.00		226,138.53			26-Apr-2005		7.450%		CA - 84.07%		Paid Off - 360		01-Dec-2004

6312120 1			128,000.00		127,757.32			27-Apr-2005		10.800%		CT - 51.20%		Paid Off - 360		01-Dec-2004

6312364 1			58,400.00		58,061.56			18-Apr-2005		6.225%		MI - 80.00%		Paid Off - 360		01-Nov-2004

6312389 1			85,500.00		85,178.74			29-Apr-2005		7.500%		FL - 95.00%		Paid Off - 360		01-Dec-2004

6312440 1			232,440.00		231,210.42			19-Apr-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Nov-2004




Page 23 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6312527 1			159,500.00		159,234.70			14-Apr-2005		10.350%		IL - 63.80%		Paid Off - 360		01-Jan-2005


6312632 1			171,120.00		170,437.71			12-Apr-2005		7.200%		IL - 80.00%		Paid Off - 360		01-Dec-2004

6312803 2			378,000.00		375,713.80			01-Apr-2005		6.000%		CA - 90.00%		Paid Off - 360		01-Nov-2004

6313016 1			65,250.00		64,871.82			18-Apr-2005		6.225%		MI - 75.00%		Paid Off - 360		01-Nov-2004

6313469 2			468,000.00		465,595.25			07-Apr-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6313491 1			233,600.00		233,588.18			29-Apr-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6313725 1			120,000.00		119,340.18			22-Apr-2005		6.500%		LA - 73.17%		Paid Off - 360		01-Nov-2004

6313821 1			139,920.00		139,298.90			25-Apr-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6313823 1			204,000.00		203,085.71			06-Apr-2005		6.600%		FL - 80.00%		Paid Off - 360		01-Dec-2004

6313927 1			100,000.00		100,000.00			04-Apr-2005		6.100%		OR - 80.00%		Paid Off - 360		01-Nov-2004

6313960 1			76,000.00		75,559.56			18-Apr-2005		6.225%		MI - 80.00%		Paid Off - 360		01-Nov-2004

6313964 1			237,500.00		236,589.71			14-Apr-2005		7.400%		WA - 95.00%		Paid Off - 360		01-Dec-2004

6313988 1			109,600.00		109,230.18			29-Apr-2005		8.950%		WA - 80.00%		Paid Off - 360		01-Nov-2004

6314087 1			292,000.00		290,424.46			15-Apr-2005		5.625%		WA - 80.00%		Paid Off - 360		01-Dec-2004

6314359 1			110,000.00		109,487.48			22-Apr-2005		7.350%		CA - 50.00%		Paid Off - 360		01-Nov-2004

6314398 2			725,625.00		723,255.53			29-Apr-2005		8.200%		IL - 75.00%		Paid Off - 360		01-Dec-2004

6314691 1			134,000.00		133,529.71			01-Apr-2005		7.850%		IL - 79.76%		Paid Off - 360		01-Dec-2004

6314913 1			100,000.00		99,543.06			06-Apr-2005		6.500%		PA - 80.00%		Paid Off - 360		01-Dec-2004

6314994 1			150,160.00		149,768.77			21-Apr-2005		9.300%		NJ - 80.00%		Paid Off - 360		01-Dec-2004

6315025 1			312,000.00		312,000.00			11-Apr-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Nov-2004

6315268 1			95,200.00		95,200.00			01-Apr-2005		8.200%		CA - 85.00%		Paid Off - 360		01-Dec-2004

6315379 2			428,000.00		426,530.11			11-Apr-2005		7.950%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6315550 1			134,925.00		134,352.90			29-Apr-2005		7.825%		FL - 75.00%		Paid Off - 360		01-Nov-2004

6315583 2			720,000.00		717,854.79			29-Apr-2005		8.650%		CO - 90.00%		Paid Off - 360		01-Dec-2004

6315650 1			148,800.00		148,170.80			15-Apr-2005		6.900%		IL - 80.00%		Paid Off - 360		01-Dec-2004

6315724 2			346,800.00		345,430.86			26-Apr-2005		7.250%		TX - 85.00%		Paid Off - 360		01-Dec-2004

6316029 1			240,000.00		239,124.71			19-Apr-2005		7.650%		IL - 80.00%		Paid Off - 360		01-Dec-2004

6316047 1			124,000.00		123,433.39			26-Apr-2005		6.500%		GA - 80.00%		Paid Off - 360		01-Dec-2004

6316590 1			116,000.00		115,597.57			01-Apr-2005		7.900%		CT - 80.00%		Paid Off - 360		01-Dec-2004

6316983 2			440,000.00		437,829.48			06-Apr-2005		6.100%		NY - 80.00%		Paid Off - 360		01-Dec-2004

6317005 2			365,000.00		363,208.00			21-Apr-2005		6.125%		CA - 79.35%		Paid Off - 360		01-Dec-2004

6317047 1			255,000.00		254,051.33			28-Apr-2005		7.550%		CA - 79.69%		Paid Off - 360		01-Dec-2004

6317086 2			419,200.00		419,200.00			01-Apr-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6317106 1			264,000.00		262,634.56			07-Apr-2005		5.850%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6317410 1			67,200.00		67,052.04			06-Apr-2005		10.100%		LA - 80.00%		Paid Off - 360		01-Dec-2004

6317423 2			433,480.00		432,408.17			19-Apr-2005		9.550%		IL - 80.00%		Paid Off - 360		01-Dec-2004

6317483 1			128,000.00		127,556.04			21-Apr-2005		8.900%		MD - 80.00%		Paid Off - 360		01-Dec-2004

6317953 1			176,000.00		175,407.59			20-Apr-2005		8.050%		CA - 80.00%		Paid Off - 360		01-Dec-2004




Page 24 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6318341 1			136,000.00		135,564.81			14-Apr-2005		8.300%		WA - 80.00%		Paid Off - 360		01-Dec-2004


6318379 2			450,000.00		448,589.04			20-Apr-2005		8.400%		MD - 76.92%		Paid Off - 360		01-Dec-2004

6318502 1			287,200.00		287,200.00			05-Apr-2005		7.200%		WI - 80.00%		Paid Off - 360		01-Dec-2004

6318768 1			240,700.00		240,024.75			22-Apr-2005		9.100%		CA - 64.19%		Paid Off - 360		01-Dec-2004

6318902 1			316,000.00		314,510.13			28-Apr-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6319122 2			730,550.00		728,373.33			04-Apr-2005		8.650%		CA - 95.00%		Paid Off - 360		01-Dec-2004

6319253 1			295,000.00		293,869.33			20-Apr-2005		7.400%		CA - 83.10%		Paid Off - 360		01-Dec-2004

6319366 1			128,000.00		127,436.67			15-Apr-2005		7.950%		KY - 80.00%		Paid Off - 360		01-Dec-2004

6319500 2			476,000.00		476,000.00			29-Apr-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6319560 2			620,000.00		617,479.02			18-Apr-2005		7.100%		CA - 82.67%		Paid Off - 360		01-Dec-2004

6319704 2			390,000.00		390,000.00			13-Apr-2005		6.300%		CA - 65.00%		Paid Off - 360		01-Dec-2004

6319705 1			129,500.00		128,750.78			01-Apr-2005		5.250%		CA - 78.01%		Paid Off - 360		01-Dec-2004

6319742 1			191,250.00		190,598.00			11-Apr-2005		8.200%		CA - 85.00%		Paid Off - 360		01-Dec-2004

6319968 2			376,000.00		374,573.10			01-Apr-2005		7.450%		FL - 80.00%		Paid Off - 360		01-Dec-2004

6320091 1			192,000.00		192,000.00			27-Apr-2005		5.850%		CO - 79.18%		Paid Off - 360		01-Dec-2004

6320422 2			352,000.00		352,000.00			08-Apr-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6321095 2			540,000.00		538,200.67			18-Apr-2005		8.100%		CA - 90.00%		Paid Off - 360		01-Dec-2004

6321263 2			416,500.00		416,500.00			29-Apr-2005		7.250%		CA - 85.00%		Paid Off - 360		01-Dec-2004

6321494 1			175,500.00		174,910.55			15-Apr-2005		7.450%		CA - 90.00%		Paid Off - 360		01-Jan-2005

6321499 1			215,100.00		214,497.42			11-Apr-2005		8.950%		MO - 90.00%		Paid Off - 360		01-Dec-2004

6321635 2			475,000.00		473,232.87			21-Apr-2005		7.550%		CA - 95.00%		Paid Off - 360		01-Dec-2004

6321645 1			129,600.00		129,221.16			21-Apr-2005		7.625%		IL - 80.00%		Paid Off - 360		01-Jan-2005

6321720 1			176,000.00		175,226.29			21-Apr-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6321833 1			244,000.00		242,937.71			21-Apr-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6322203 1			171,000.00		170,380.84			18-Apr-2005		8.500%		MD - 95.00%		Paid Off - 360		01-Dec-2004

6322480 1			312,000.00		310,667.82			20-Apr-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6322481 2			840,000.00		837,532.57			27-Apr-2005		7.600%		HI - 80.00%		Paid Off - 360		01-Jan-2005

6322735 2			443,000.00		442,051.12			26-Apr-2005		9.150%		AL - 79.11%		Paid Off - 360		01-Jan-2005

6322912 2			360,040.00		358,887.90			19-Apr-2005		8.300%		FL - 95.00%		Paid Off - 360		01-Dec-2004

6323247 1			101,600.00		101,153.38			18-Apr-2005		6.700%		GA - 80.00%		Paid Off - 360		01-Dec-2004

6323426 2			427,000.00		425,176.80			26-Apr-2005		6.850%		IL - 60.91%		Paid Off - 360		01-Dec-2004

6323479 2			437,000.00		435,078.96			07-Apr-2005		6.700%		CA - 95.00%		Paid Off - 360		01-Dec-2004

6323492 1			200,000.00		199,584.76			22-Apr-2005		9.300%		CA - 70.42%		Paid Off - 360		01-Jan-2005

6323512 1			75,500.00		74,694.86			20-Apr-2005		8.400%		IN - 82.07%		Paid Off - 360		01-Dec-2004

6323521 1			200,000.00		199,525.01			21-Apr-2005		8.650%		MN - 64.52%		Paid Off - 360		01-Jan-2005

6323626 1			259,250.00		259,250.00			29-Apr-2005		8.400%		CA - 85.00%		Paid Off - 360		01-Dec-2004

6323693 1			245,000.00		243,884.19			14-Apr-2005		6.550%		MO - 87.50%		Paid Off - 360		01-Dec-2004

6324211 1			132,000.00		131,580.21			26-Apr-2005		7.200%		GA - 71.74%		Paid Off - 360		01-Jan-2005




Page 25 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6324273 1			189,000.00		188,679.00			01-Apr-2005		7.200%		AZ - 90.00%		Paid Off - 360		01-Jan-2005


6324415 2			472,500.00		470,640.16			28-Apr-2005		7.750%		OR - 89.66%		Paid Off - 360		01-Dec-2004

6324598 1			227,700.00		227,031.12			21-Apr-2005		7.600%		GA - 90.00%		Paid Off - 360		01-Jan-2005

6325076 1			333,000.00		332,865.96			27-Apr-2005		8.050%		WA - 90.00%		Paid Off - 360		01-Dec-2004

6325086 1			212,000.00		211,358.37			26-Apr-2005		7.450%		MI - 80.00%		Paid Off - 360		01-Jan-2005

6325175 2			368,900.00		367,443.60			04-Apr-2005		7.250%		CA - 85.00%		Paid Off - 360		01-Dec-2004

6325387 1			252,000.00		250,888.99			01-Apr-2005		6.685%		IL - 90.00%		Paid Off - 360		01-Dec-2004

6325404 1			319,200.00		318,178.62			06-Apr-2005		8.300%		CA - 70.00%		Paid Off - 360		01-Dec-2004

6325578 1			192,100.00		191,709.42			21-Apr-2005		9.400%		MN - 85.00%		Paid Off - 360		01-Jan-2005

6325656 1			113,750.00		113,589.02			13-Apr-2005		11.100%		CT - 65.00%		Paid Off - 360		01-Jan-2005

6325659 1			135,000.00		134,487.65			27-Apr-2005		7.450%		CT - 90.00%		Paid Off - 360		01-Dec-2004

6325706 1			111,150.00		110,823.47			01-Apr-2005		7.600%		OH - 95.00%		Paid Off - 360		01-Jan-2005

6325813 1			72,000.00		71,774.21			19-Apr-2005		8.400%		CO - 60.00%		Paid Off - 360		01-Dec-2004

6326226 1			57,150.00		56,996.14			29-Apr-2005		9.200%		MI - 90.00%		Paid Off - 360		01-Dec-2004

6326268 1			99,000.00		98,656.55			22-Apr-2005		7.900%		IL - 90.00%		Paid Off - 360		01-Dec-2004

6326567 1			241,600.00		240,626.83			26-Apr-2005		6.150%		MD - 80.00%		Paid Off - 360		01-Jan-2005

6326709 1			264,000.00		262,734.44			06-Apr-2005		6.250%		IL - 80.00%		Paid Off - 360		01-Dec-2004

6327166 1			140,000.00		139,436.31			15-Apr-2005		7.150%		CA - 70.71%		Paid Off - 360		01-Dec-2004

6327405 1			211,500.00		210,987.26			21-Apr-2005		8.550%		OK - 90.00%		Paid Off - 360		01-Jan-2005

6327467 1			328,500.00		327,515.65			28-Apr-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Jan-2005

6327488 1			135,000.00		134,593.34			26-Apr-2005		7.550%		IL - 90.00%		Paid Off - 360		01-Jan-2005

6327675 1			88,800.00		88,546.85			05-Apr-2005		7.750%		WI - 80.00%		Paid Off - 360		01-Jan-2005

6327849 1			180,000.00		179,634.01			21-Apr-2005		9.400%		FL - 80.00%		Paid Off - 360		01-Jan-2005

6327880 2			355,920.00		354,542.33			21-Apr-2005		7.350%		IL - 80.00%		Paid Off - 360		01-Dec-2004

6327943 1			214,000.00		214,000.00			06-Apr-2005		6.550%		CA - 79.85%		Paid Off - 360		01-Dec-2004

6328170 1			180,000.00		179,438.78			01-Apr-2005		7.300%		TN - 80.00%		Paid Off - 360		01-Jan-2005

6328310 1			320,000.00		318,406.37			28-Apr-2005		6.050%		NY - 64.65%		Paid Off - 360		01-Dec-2004

6328492 2			600,000.00		597,726.81			29-Apr-2005		6.300%		CA - 64.31%		Paid Off - 360		01-Jan-2005

6328701 2			382,500.00		381,431.28			21-Apr-2005		7.850%		NJ - 90.00%		Paid Off - 360		01-Jan-2005

6329107 2			480,000.00		477,990.10			21-Apr-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6329197 2			450,000.00		448,767.75			01-Apr-2005		7.950%		FL - 75.00%		Paid Off - 360		01-Jan-2005

6329243 1			267,200.00		266,341.88			07-Apr-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6329477 2			507,000.00		504,892.66			28-Apr-2005		7.000%		CA - 84.64%		Paid Off - 360		01-Dec-2004

6329503 1			205,200.00		204,349.13			15-Apr-2005		7.000%		IL - 90.00%		Paid Off - 360		01-Dec-2004

6329671 1			118,150.00		117,875.09			01-Apr-2005		8.750%		IL - 85.00%		Paid Off - 360		01-Jan-2005

6329760 2			336,000.00		334,565.36			29-Apr-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6329855 1			150,000.00		149,628.86			21-Apr-2005		8.450%		IL - 75.00%		Paid Off - 360		01-Jan-2005

6329980 1			298,400.00		297,469.61			07-Apr-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005




Page 26 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6330228 1			280,000.00		279,072.05			29-Apr-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005


6330865 1			104,000.00		103,873.70			21-Apr-2005		11.800%		NC - 65.00%		Paid Off - 360		01-Jan-2005

6331477 1			164,000.00		164,000.00			22-Apr-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Dec-2004

6331508 1			129,600.00		129,187.87			12-Apr-2005		7.200%		IL - 80.00%		Paid Off - 360		01-Jan-2005

6331542 2			440,000.00		438,175.22			07-Apr-2005		5.825%		CA - 79.28%		Paid Off - 360		01-Jan-2005

6331577 1			168,000.00		167,452.17			05-Apr-2005		7.100%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6331704 1			326,000.00		324,878.72			25-Apr-2005		6.800%		MN - 87.40%		Paid Off - 360		01-Jan-2005

6331976 1			297,600.00		296,914.67			14-Apr-2005		8.800%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6332103 2			357,600.00		356,345.90			01-Apr-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6332202 1			228,000.00		227,337.97			21-Apr-2005		7.650%		IL - 95.00%		Paid Off - 360		01-Jan-2005

6332280 2			485,600.00		485,600.00			29-Apr-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004

6332514 1			80,500.00		80,341.38			21-Apr-2005		9.550%		OK - 79.70%		Paid Off - 360		01-Jan-2005

6332581 1			112,000.00		111,720.05			21-Apr-2005		8.400%		GA - 80.00%		Paid Off - 360		01-Jan-2005

6332784 1			326,700.00		325,866.55			21-Apr-2005		8.300%		PA - 90.00%		Paid Off - 360		01-Jan-2005

6332888 1			97,750.00		97,515.43			28-Apr-2005		8.600%		OH - 85.00%		Paid Off - 360		01-Jan-2005

6333133 1			189,000.00		188,546.52			25-Apr-2005		8.600%		GA - 90.00%		Paid Off - 360		01-Jan-2005

6333187 1			165,000.00		164,503.50			18-Apr-2005		7.900%		NV - 84.62%		Paid Off - 360		01-Jan-2005

6333205 2			400,000.00		399,926.67			27-Apr-2005		7.250%		NY - 80.00%		Paid Off - 360		01-Jan-2005

6333297 1			64,000.00		63,790.40			21-Apr-2005		7.050%		UT - 80.00%		Paid Off - 360		01-Jan-2005

6333383 2			411,570.00		410,753.98			29-Apr-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Feb-2005

6333605 1			207,000.00		206,294.94			#######		6.850%		NY - 79.62%		Paid Off - 360		01-Jan-2005

6333953 1			91,250.00		91,027.00			27-Apr-2005		8.750%		SC - 100.00%		Paid Off - 360		01-Jan-2005

6334052 1			225,000.00		224,345.64			12-Apr-2005		7.650%		IL - 90.00%		Paid Off - 360		01-Jan-2005

6334086 2			404,000.00		402,607.00			21-Apr-2005		7.200%		MD - 80.00%		Paid Off - 360		01-Jan-2005

6334156 1			135,000.00		134,565.63			28-Apr-2005		7.150%		IL - 90.00%		Paid Off - 360		01-Jan-2005

6334614 1			123,300.00		122,900.90			29-Apr-2005		8.950%		FL - 90.00%		Paid Off - 360		01-Jan-2005

6335344 1			80,000.00		79,765.01			19-Apr-2005		7.600%		MI - 71.43%		Paid Off - 360		01-Jan-2005

6335905 1			84,800.00		84,508.34			29-Apr-2005		6.800%		MT - 80.00%		Paid Off - 360		01-Jan-2005

6336058 1			60,000.00		59,853.04			01-Apr-2005		8.500%		FL - 81.08%		Paid Off - 360		01-Jan-2005

6336352 1			200,000.00		199,441.20			26-Apr-2005		7.850%		MN - 100.00%		Paid Off - 360		01-Jan-2005

6336619 2			369,900.00		368,664.47			14-Apr-2005		6.950%		FL - 90.00%		Paid Off - 360		01-Jan-2005

6336684 1			130,500.00		130,177.09			21-Apr-2005		8.450%		GA - 90.00%		Paid Off - 360		01-Jan-2005

6337239 1			129,600.00		129,158.57			21-Apr-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6338212 1			318,750.00		318,049.29			21-Apr-2005		9.025%		IL - 85.00%		Paid Off - 360		01-Jan-2005

6338562 1			292,000.00		290,817.34			20-Apr-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6338592 1			301,750.00		301,750.00			28-Apr-2005		5.900%		CA - 85.00%		Paid Off - 360		01-Jan-2005

6342914 2			600,000.00		598,147.75			05-Apr-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Jan-2005

6345355 1			280,000.00		279,985.83			27-Apr-2005		5.725%		VA - 80.00%		Paid Off - 360		01-Jan-2005




Page 27 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

6346214 1			180,200.00		179,714.85			01-Apr-2005		6.950%		CT - 85.00%		Paid Off - 360		01-Feb-2005


6347494 2			432,000.00		429,715.04			21-Apr-2005		7.450%		AZ - 80.00%		Paid Off - 360		01-Jan-2005

6351633 2			544,000.00		542,828.99			19-Apr-2005		7.700%		CO - 80.00%		Paid Off - 360		01-Feb-2005

6353523 1			153,600.00		153,212.55			21-Apr-2005		6.900%		IL - 80.00%		Paid Off - 360		01-Feb-2005

6355780 1			90,320.00		90,113.57			21-Apr-2005		7.400%		UT - 80.00%		Paid Off - 360		01-Feb-2005

6357779 2			348,000.00		347,018.01			18-Apr-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Feb-2005

6361474 1			148,500.00		148,199.06			28-Apr-2005		8.000%		FL - 90.00%		Paid Off - 360		01-Feb-2005



TOTAL			75,189,126.40		74,905,375.89



Page 28 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




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

Cumulative




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










Page 29 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


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


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


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












Page 30 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 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 31 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative

&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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





TOTAL



Page 32 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0

						60+ Day Delinquency Balance (includes all REO and FC)								27,007,733.17
						Beginning Stated Principal Balance								3,360,401,507
						Delinquency Percentage								0.803700%

						Offered Subordinate and C Class Certificate Balances								693,000,053
						Beginning Stated Principal Balance								3,360,401,507

						Credit Enhancement Percentage (for Stepdown)								21.110000%
						Credit Enhancement Percentage (for Delq. Trigger)								20.620000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Basis Risk CarryForward Amount paid														0.00
Basis Risk CarryForward Amount unpaid														0.000
Excess Reserve Fund Account Balance														1,000.00




Page 33 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS

			I-A1										$0.00		$0.00

			II-A1										$0.00		$0.00

			II-A2										$0.00		$0.00

			II-A3										$0.00		$0.00

			M-1										$0.00		$0.00

			M-2										$0.00		$0.00

			M-3										$0.00		$0.00

			M-4										$0.00		$0.00

			M-5										$0.00		$0.00

			M-6										$0.00		$0.00

			M-7										$0.00		$0.00

			M-8										$0.00		$0.00

			M-9										$0.00		$0.00

			B-1										$0.00		$0.00

			B-2										$0.00		$0.00





Page 34 of 35
Long Beach Mortgage Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

May 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments										1,933,722.58		19,976,877.56		21,910,600.14
Current Scheduled Payments 1 Month Prior										1,960,526.00		20,450,182.17		22,410,708.17
Current Scheduled Payments 2 Month Prior										1,969,919.69		20,714,403.07		22,684,322.76
Current Scheduled Payments 3 Month Prior										1,976,837.54		20,805,645.17		22,782,482.71
Current Scheduled Payments 4 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 5 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior										0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior										0.00		0.00		0.00




Page 35 of 35

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 6, 2005

LONG BEACH SECURITIES CORP. (as depositor under the Pooling and Servicing Agreement, dated as of January 1, 2005, providing for the issuance of Asset-Backed Certificates, Series 2005-1) ______________________________________________________ (Exact name of registrant as specified in its charter)

333-109318 (Commission File Number)

Delaware	33-0917586
(State or other jurisdiction of incorporation)	(I.R.S. Employer Identification No.)

1400 South Douglass Road, Suite 100, Anaheim, California 92806 (Address of principal executive offices, with zip code)

(714) 939-5200 (Registrant's telephone number, including area code)

(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):

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

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

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

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

SECTION 2 - FINANCIAL INFORMATION

Item 2.01 Completion of Acquisition or Disposition of Assets

On January 6, 2005, a single series of certificates, entitled Long Beach Mortgage Loan Trust 2005-1, Asset-Backed Certificates, Series 2005-1 (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of January 1, 2005 (the "Agreement"), attached hereto as Exhibit 4.1, among Long Beach Securities Corp. as depositor (the "Depositor"), Long Beach Mortgage Company as master servicer ("Long Beach") and Deutsche Bank National Trust Company as trustee (the "Trustee"). The Certificates consist of twenty classes of certificates (collectively, the "Certificates"), designated as the "Class I-A1 Certificates", "Class II-A1 Certificates", "Class II-A2 Certificates", "Class II-A3 Certificates", "Class M-1 Certificates", "Class M-2 Certificates", "Class M-3 Certificates", "Class M-4 Certificates", "Class M-5 Certificates", "Class M-6 Certificates", "Class M-7 Certificates", "Class M-8 Certificates", "Class M-9 Certificates", "Class B-1 Certificates", "Class B-2 Certificates", "Class C Certificates", "Class P Certificates", "Class R Certificates", "Class R-CX Certificates" and "Class R-PX Certificates". The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting of a pool of first lien, adjustable-rate and fixed-rate residential mortgage loans (the "Mortgage Pool") having original terms to maturity up to 30 years (the "Mortgage Loans"). The Mortgage Pool consists of Mortgage Loans having an aggregate scheduled principal balance of $3,500,003,000.56 as of January 1, 2005 (the "Cut-off Date"). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated January 3, 2005, (the "Purchase Agreement") between Long Beach and the Depositor. The Depositor, Long Beach, Greenwich Capital Markets, Inc. ("GCM"), WaMu Capital Corp. ("WCC"), Goldman, Sachs & Co. ("GS", and collectively with GCM and WCC, the "Co-Representatives"), have entered into an Underwriting Agreement dated as of December 9, 2004 for the purchase of the Class I-A1 Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates and the Class M-9 Certificates.

The Certificates have the following initial Certificate Balances and Pass-Through Rates:

Class Initial Certificate Principal Balance or Notional Amount Pass-Through Rate I-A1 $1,912,475,000.00 Variable II-A1 $528,000,000.00 Variable II-A2 $215,000,000.00 Variable II-A3 $151,526,000.00 Variable M-1 $159,250,000.00 Variable M-2 $99,750,000.00 Variable M-3 $61,250,000.00 Variable M-4 $61,250,000.00 Variable M-5 $43,750,000.00 Variable M-6 $42,000,000.00 Variable M-7 $35,000,000.00 Variable M-8 $35,000,000.00 Variable M-9 $35,000,000.00 Variable B-1 $35,000,000.00 Variable B-2 $24,500,000.00 Variable C ~$61,251,900.56 Variable P $100.00 N/A R 100.00% N/A R-CX 100.00% N/A R-PX 100.00% N/A

The Class I-A1 Certificates, the Class II-A1 Certificates, the Class II-A2 Certificates, the Class II-A3 Certificates, the Class M-1 Certificates, the Class M-2 Certificates, the Class M-3 Certificates, the Class M-4 Certificates, the Class M-5 Certificates, the Class M-6 Certificates, the Class M-7 Certificates, the Class M-8 Certificates and the Class M-9 Certificates and the Mortgage Loans are more particularly described in the Prospectus, dated February 10, 2004, and the Prospectus Supplement, dated January 3, 2005, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class B-1 Certificates, the Class B-2 Certificates, the Class C Certificates, Class P Certificates, Class R Certificates, Class R-CX Certificates and Class R-PX Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

Exhibit No. Description 4.1 Pooling and Servicing Agreement, dated as of January 1, 2005, by and among Long Beach Securities Corp. as Depositor, Long Beach Mortgage Company as Master Servicer and Deutsche Bank National Trust Company as Trustee, relating to the Series 2005-1 Certificates.

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.

Dated: January 20, 2005

LONG BEACH SECURITIES CORP. By: /s/ Deven Patel Name: Deven Patel Title: Authorized Officer

Index to Exhibits

Exhibit No. Description Sequentially Numbered Page 4.1 Pooling and Servicing Agreement, dated as of January 1, 2005, by and among Long Beach Securities Corp. as Depositor, Long Beach Mortgage Company as Master Servicer and Deutsche Bank National Trust Company as Trustee, relating to the Series 2005-1 Certificates. 7

Filing Compare · Long Beach Mortgage Loan Trust 2005-1, Asset-Backed Certs., Series 2005-1