
                                     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):  June 27, 2005
                          (Date of earliest event reported)

                      Accredited Home Lenders, Inc.(as Seller, under the
          Indenture dated as February 1, 2005 providing for the issuance of
                               Mortgage Loan Trust 2005-1
                (Exact name of Registrant as specified in its Charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-109964-06                             33-0426859
          (Commission File Number)        (I.R.S. Employer Identification No.)


          15030 Avenue of Science
          San Diego, California                         92128
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (858) 676-2100

            (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
     June 27, 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 Indenture Trustee under
                                  the Indenture on behalf of
                                  Accredited Home Lenders Inc., Registrant


          Date:  Jun 30, 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 June 27, 2005.



Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Accredited Mortgage Loan						1. Certificate Payment Report					2
				Accredited Mortgage Loan						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					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					20
										11. Realized Loss Detail Report					23
				Servicer(s)						11. Realized Loss Detail Report					23
				Servicer(s)						12. Triggers and Adj. Cert. Report					24
				Accredited Home Lenders						12. Triggers and Adj. Cert. Report					24
				Accredited Home Lenders						13. Other Related Information					25
										13. Other Related Information					25


				Underwriter(s)
				CS First Boston


										Total Number of Pages					25
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Eiko Akiyama
				Close Date:			February 24, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							June 24, 2005
							June 24, 2005

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






Page 1 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC I
					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	$	300,820,000.00		290,620,983.65		884,456.53		5,032,198.83		5,916,655.36		0.00		0.00		285,588,784.82
A-1A	FLT	$	300,820,000.00		290,620,983.65		884,456.53		5,032,198.83		5,916,655.36		0.00		0.00		285,588,784.82
A-1B	FLT	$	75,200,000.00		72,650,415.44		224,429.24		1,257,966.07		1,482,395.31		0.00		0.00		71,392,449.37
A-2A	FLT	$	152,760,000.00		136,675,610.84		399,662.27		7,097,126.44		7,496,788.71		0.00		0.00		129,578,484.40
A-2B	FLT	$	147,400,000.00		147,400,000.00		445,885.00		0.00		445,885.00		0.00		0.00		147,400,000.00
A-2C	FLT	$	77,320,000.00		77,320,000.00		243,815.73		0.00		243,815.73		0.00		0.00		77,320,000.00
M-1	MEZ	$	55,030,000.00		55,030,000.00		179,581.23		0.00		179,581.23		0.00		0.00		55,030,000.00
M-2	MEZ	$	30,730,000.00		30,730,000.00		106,479.45		0.00		106,479.45		0.00		0.00		30,730,000.00
M-3	MEZ	$	12,840,000.00		12,840,000.00		44,843.70		0.00		44,843.70		0.00		0.00		12,840,000.00
M-4	MEZ	$	12,380,000.00		12,380,000.00		43,804.57		0.00		43,804.57		0.00		0.00		12,380,000.00
M-5	MEZ	$	29,350,000.00		29,350,000.00		142,323.04		0.00		142,323.04		0.00		0.00		29,350,000.00
M-6	MEZ	$	9,630,000.00		9,630,000.00		49,345.72		0.00		49,345.72		0.00		0.00		9,630,000.00
TRUST	EXE	$	0.00		0.00		1,810,008.93		0.00		1,810,008.93		0.00		0.00		0.00



Total			903,460,000.00		874,627,009.93		4,574,635.41		13,387,291.34		17,961,926.75		0.00		0.00		861,239,718.59
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	05/25/05		06/26/05		A-Act/360		004375CN9		300,820,000.00		966.095950		2.940152		16.728272		19.668424	949.367678
A-1B	05/25/05		06/26/05		A-Act/360		004375CP4		75,200,000.00		966.095950		2.984431		16.728272		19.712704	949.367678
A-2A	05/25/05		06/26/05		A-Act/360		004375CQ2		152,760,000.00		894.708110		2.616276		46.459325		49.075600	848.248785
A-2B	05/25/05		06/26/05		A-Act/360		004375CR0		147,400,000.00		1,000.000000		3.025000		0.000000		3.025000	1,000.000000
A-2C	05/25/05		06/26/05		A-Act/360		004375CS8		77,320,000.00		1,000.000000		3.153333		0.000000		3.153333	1,000.000000
M-1	05/25/05		06/26/05		A-Act/360		004375CT6		55,030,000.00		1,000.000000		3.263333		0.000000		3.263333	1,000.000000
M-2	05/25/05		06/26/05		A-Act/360		004375CU3		30,730,000.00		1,000.000000		3.465000		0.000000		3.465000	1,000.000000
M-3	05/25/05		06/26/05		A-Act/360		004375CV1		12,840,000.00		1,000.000000		3.492500		0.000000		3.492500	1,000.000000
M-4	05/25/05		06/26/05		A-Act/360		004375CW9		12,380,000.00		1,000.000000		3.538334		0.000000		3.538334	1,000.000000
M-5	05/25/05		06/26/05		A-Act/360		004375CX7		29,350,000.00		1,000.000000		4.849167		0.000000		4.849167	1,000.000000
M-6	05/25/05		06/26/05		A-Act/360		004375CY5		9,630,000.00		1,000.000000		5.124166		0.000000		5.124166	1,000.000000
TRUST	05/25/05		06/24/05		A-30/360		AC0501101		0.00		0.000000		0.000000		0.000000		0.000000	0.000000





Page 2 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

Distribution to Date - REMIC I
																	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	300,820,000.00		3,168,889.57		14,124,803.47		1,106,411.71		15,231,215.18		18,400,104.75		0.00		0.00		285,588,784.82
A-1B	75,200,000.00		804,826.54		3,530,966.09		276,584.54		3,807,550.63		4,612,377.17		0.00		0.00		71,392,449.37
A-2A	152,760,000.00		1,485,791.63		21,737,287.78		1,444,227.82		23,181,515.60		24,667,307.23		0.00		0.00		129,578,484.40
A-2B	147,400,000.00		1,567,066.73		0.00		0.00		0.00		1,567,066.73		0.00		0.00		147,400,000.00
A-2C	77,320,000.00		859,003.72		0.00		0.00		0.00		859,003.72		0.00		0.00		77,320,000.00
M-1	55,030,000.00		633,930.31		0.00		0.00		0.00		633,930.31		0.00		0.00		55,030,000.00
M-2	30,730,000.00		377,099.78		0.00		0.00		0.00		377,099.78		0.00		0.00		30,730,000.00
M-3	12,840,000.00		158,880.73		0.00		0.00		0.00		158,880.73		0.00		0.00		12,840,000.00
M-4	12,380,000.00		155,303.67		0.00		0.00		0.00		155,303.67		0.00		0.00		12,380,000.00
M-5	29,350,000.00		511,586.81		0.00		0.00		0.00		511,586.81		0.00		0.00		29,350,000.00
M-6	9,630,000.00		177,727.00		0.00		0.00		0.00		177,727.00		0.00		0.00		9,630,000.00
TRUST	0.00		7,693,263.24		0.00		0.00		0.00		7,693,263.24		0.00		0.00		0.00



Total	903,460,000.00		17,593,369.73		39,393,057.34		2,827,224.07		42,220,281.41		59,813,651.14		0.00		0.00		861,239,718.59


Interest Detail - REMIC I
	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	3.32000%		290,620,983.65		884,456.53		0.00		0.00		0.00		884,456.53		884,456.53		0.00
A-1B	3.37000%		72,650,415.44		224,429.24		0.00		0.00		0.00		224,429.24		224,429.24		0.00
A-2A	3.19000%		136,675,610.84		399,662.27		0.00		0.00		0.00		399,662.27		399,662.27		0.00
A-2B	3.30000%		147,400,000.00		445,885.00		0.00		0.00		0.00		445,885.00		445,885.00		0.00
A-2C	3.44000%		77,320,000.00		243,815.73		0.00		0.00		0.00		243,815.73		243,815.73		0.00
M-1	3.56000%		55,030,000.00		179,581.23		0.00		0.00		0.00		179,581.23		179,581.23		0.00
M-2	3.78000%		30,730,000.00		106,479.45		0.00		0.00		0.00		106,479.45		106,479.45		0.00
M-3	3.81000%		12,840,000.00		44,843.70		0.00		0.00		0.00		44,843.70		44,843.70		0.00
M-4	3.86000%		12,380,000.00		43,804.57		0.00		0.00		0.00		43,804.57		43,804.57		0.00
M-5	5.29000%		29,350,000.00		142,323.04		0.00		0.00		0.00		142,323.04		142,323.04		0.00
M-6	5.30053%		9,630,000.00		46,790.46		0.00		0.00		0.00		46,790.46		49,345.72		0.00
TRUST	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		1,810,008.93		0.00



Total			874,627,009.93		2,762,071.22		0.00		0.00		0.00		2,762,071.22		4,574,635.41		0.00



Page 3 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
										Group 2		Group 1		Total
Principal Collections										7,097,126.44		6,290,164.90		13,387,291.34
Principal Withdrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										7,097,126.44		6,290,164.90		13,387,291.34
Interest Collections										2,432,198.27		2,446,903.87		4,879,102.14
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Fees										-36,778.81		-41,834.29		-78,613.11
Interest Other Accounts														(225,853.62)
TOTAL NET INTEREST										2,152,637.86		2,163,882.96		4,574,635.41
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														17,961,926.75



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received											356,950.29		343,132.85		700,083.14
Curtailments											22,733.70		114,482.48		137,216.18
Prepayments In Full											6,717,442.45		5,832,549.57		12,549,992.02
Repurchased/Substitutions											0.00		0.00		0.00
Liquidations											0.00		0.00		0.00
Insurance Principal											0.00		0.00		0.00
Other Additional Principal											0.00		0.00		0.00
Delinquent Principal											-288,429.28		-269,074.05		-557,503.33
Realized Losses											-0.00		-0.00		-0.00
Advanced Principal											288,429.28		269,074.05		557,503.33
TOTAL PRINCIPAL COLLECTED											7,097,126.44		6,290,164.90		13,387,291.34


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest										2,580,912.62		2,591,217.67		5,172,130.29
Repurchased/Substitution Interest										0.00		0.00		0.00
Liquidation Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Additional Interest										0.00		0.00		0.00
Prepayment Interest Shortfalls										-5,110.98		-2,691.16		-7,802.14
Delinquent Interest										-2,086,618.83		-2,026,022.40		-4,112,641.23
Compensating Interest										5,110.98		2,691.16		7,802.14
Civil Relief Act Shortfalls										-0.00		-0.00		-0.00
Interest Advanced										1,937,904.49		1,881,708.60		3,819,613.09
TOTAL INTEREST COLLECTED										2,432,198.27		2,446,903.87		4,879,102.14


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
Non-Recoverable Advances										0.00		0.00		0.00
Reimbursements to Master Servicer										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														258,114.60
Net Swap Payment										(242,781.60)		(241,186.62)		(483,968.22)
TOTAL INTEREST OTHER ACCOUNTS														(225,853.62)



INTEREST - FEES
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees										36,039.79		41,092.67		77,132.46
Tax Fees
Trustee Fees										739.02		741.63		1,480.65
TOTAL INTEREST FEES										36,778.81		41,834.29		78,613.11




Page 5 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
										Group 2		Group 1		Total
Basis Risk CarryOver Deposit														2,555.26
Basis Risk CarryOver Amount Paid														2,555.26



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Overcollateralized Amount														13,758,438.00
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														13,758,438.00




Page 6 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,585		2,881		5,466
Prior										2,519		2,815		5,334
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-33		-31		-64
Repurchases										-0		-0		-0
Liquidations										-0		-0		-0
Current										2,486		2,784		5,270
Principal Balance:


Original										459,500,843.36		457,728,336.81		917,229,180.17
Prior										443,409,928.27		444,975,519.66		888,385,447.93
Prefunding										0.00		0.00		0.00
Scheduled Principal										-356,950.29		-343,132.85		-700,083.14
Partial Prepayments										-22,733.70		-114,482.48		-137,216.18
Full Voluntary Prepayments										-6,717,442.45		-5,832,549.57		-12,549,992.02
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-0.00		-0.00
Current										436,312,801.83		438,685,354.76		874,998,156.59





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original										6.99354%		6.99397%		6.99376%
Weighted Average Coupon Prior										6.98850%		6.99297%		#######
Weighted Average Coupon Current										6.98472%		6.99214%		6.98844%
Weighted Average Months to Maturity Original										352		354		353
Weighted Average Months to Maturity Prior										350		352		351
Weighted Average Months to Maturity Current										348		351		350
Weighted Avg Remaining Amortization Term Original										352		354		353
Weighted Avg Remaining Amortization Term Prior										350		352		351
Weighted Avg Remaining Amortization Term Current										348		351		350
Weighted Average Seasoning Original										2.09		2.12		2.11
Weighted Average Seasoning Prior										4.07		4.12		4.10
Weighted Average Seasoning Current										5.08		5.11		5.09









Page 8 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original										5.77014%		5.60221%		5.67279%
Weighted Average Margin Prior										5.76646%		5.59949%		5.66923%
Weighted Average Margin Current										5.75995%		5.59818%		5.66559%
Weighted Average Max Rate Original										14.18184%		14.01766%		14.08667%
Weighted Average Max Rate Prior										14.17748%		14.01501%		14.08287%
Weighted Average Max Rate Current										14.17118%		14.01380%		14.07938%
Weighted Average Min Rate Original										7.18507%		7.01807%		7.08827%
Weighted Average Min Rate Prior										7.18079%		7.01544%		7.08450%
Weighted Average Min Rate Current										7.17455%		7.01423%		7.08103%
Weighted Average Cap Up Original										1.49497%		1.49704%		1.49617%
Weighted Average Cap Up Prior										1.49484%		1.49700%		1.49610%
Weighted Average Cap Up Current										1.49475%		1.49717%		1.49616%
Weighted Average Cap Down Original										1.49497%		1.49704%		1.49617%
Weighted Average Cap Down Prior										1.49484%		1.49700%		1.49610%
Weighted Average Cap Down Current										1.49475%		1.49717%		1.49616%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										36,039.79		41,092.67		77,132.46
Delinquent Servicing Fees										148,714.35		144,313.80		293,028.15
TOTAL SERVICING FEES										184,754.14		185,406.47		370,160.61


Total Servicing Fees										184,754.14		185,406.47		370,160.61
Compensating Interest										-5,110.98		-2,691.16		-7,802.14
Delinquent Servicing Fees										-148,714.35		-144,313.80		-293,028.15
COLLECTED SERVICING FEES										36,039.79		41,092.67		69,330.33


Total Advanced Interest										1,937,904.49		1,881,708.60		3,819,613.09
Total Advanced Principal										288,429.28		269,074.05		557,503.33
Aggregate Advances with respect to this Distribution										2,226,333.77		2,150,782.65		4,377,116.42





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)										5,110.98		2,691.16		7,802.14
Compensating Interest										-5,110.98		-2,691.16		-7,802.14
Net Prepayment Interest Shortfall (PPIS)										0.00		0.00		0.00

Ending Pool Stated Principal Balance										436,312,801.83		438,685,354.76		874,998,156.59
Weighted Average Net Mortgage Rate										5.296075%		5.305010%		5.300534%




Page 9 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				3,480,916.17		356,749.07		0.00		3,837,665.24
			% Balance				0.40%		0.04%		0.00%		0.44%
			# Loans				21		2		0		23
			% # Loans				0.40%		0.04%		0.00%		0.44%
	FORECLOSURE		Balance		0.00		0.00		840,313.96		742,734.24		1,583,048.20
			% Balance		0.00%		0.00%		0.10%		0.08%		0.18%
			# Loans		0		0		7		4		11
			% # Loans		0.00%		0.00%		0.13%		0.08%		0.21%
	BANKRUPTCY		Balance		0.00		345,889.61		0.00		0.00		345,889.61
			% Balance		0.00%		0.04%		0.00%		0.00%		0.04%
			# Loans		0		2		0		0		2
			% # Loans		0.00%		0.04%		0.00%		0.00%		0.04%
	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		0.00		3,826,805.78		1,197,063.03		742,734.24		5,766,603.05
			% Balance		0.00%		0.44%		0.14%		0.08%		0.66%
			# Loans		0		23		9		4		36
			% # Loans		0.00%		0.44%		0.17%		0.08%		0.68%









Page 10 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,626,289.20		276,554.59		0.00		2,902,843.79
			% Balance				0.60%		0.06%		0.00%		0.66%
			# Loans				15		1		0		16
			% # Loans				0.54%		0.04%		0.00%		0.57%
	FORECLOSURE		Balance		0.00		0.00		370,709.25		125,896.51		496,605.76
			% Balance		0.00%		0.00%		0.08%		0.03%		0.11%
			# Loans		0		0		3		1		4
			% # Loans		0.00%		0.00%		0.11%		0.04%		0.14%
	BANKRUPTCY		Balance		0.00		199,181.28		0.00		0.00		199,181.28
			% Balance		0.00%		0.05%		0.00%		0.00%		0.05%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.04%		0.00%		0.00%		0.04%
	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		0.00		2,825,470.48		647,263.84		125,896.51		3,598,630.83
			% Balance		0.00%		0.64%		0.15%		0.03%		0.82%
			# Loans		0		16		4		1		21
			% # Loans		0.00%		0.57%		0.14%		0.04%		0.75%










Page 11 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				854,626.97		80,194.48		0.00		934,821.45
			% Balance				0.20%		0.02%		0.00%		0.21%
			# Loans				6		1		0		7
			% # Loans				0.24%		0.04%		0.00%		0.28%
	FORECLOSURE		Balance		0.00		0.00		469,604.71		616,837.73		1,086,442.44
			% Balance		0.00%		0.00%		0.11%		0.14%		0.25%
			# Loans		0		0		4		3		7
			% # Loans		0.00%		0.00%		0.16%		0.12%		0.28%
	BANKRUPTCY		Balance		0.00		146,708.33		0.00		0.00		146,708.33
			% Balance		0.00%		0.03%		0.00%		0.00%		0.03%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.04%		0.00%		0.00%		0.04%
	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		0.00		1,001,335.30		549,799.19		616,837.73		2,167,972.22
			% Balance		0.00%		0.23%		0.13%		0.14%		0.50%
			# Loans		0		7		5		3		15
			% # Loans		0.00%		0.28%		0.20%		0.12%		0.60%









Page 12 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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 13 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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
410143968 1
410143968 1			94,500.00		94,103.28		01-Feb-2005		7.875%		UT - 70.00%		360		01-Jan-2005

410199231 1			104,800.00		103,611.26		01-Feb-2005		7.250%		KS - 80.00%		240		01-Jan-2005
411121227 1			126,000.00		125,896.51		01-Jan-2005		6.990%		NH - 77.78%		360		01-Feb-2005
412010790 1			173,600.00		172,994.71		01-Feb-2005		7.875%		IL - 80.00%		360		01-Feb-2005
411052388 2			70,240.00		70,187.87		01-Jan-2005		7.500%		TX - 80.00%		360		01-Feb-2005
412021815 2			472,000.00		472,000.00		01-Jan-2005		7.125%		CA - 80.00%		360		01-Feb-2005
412033368 2			84,750.00		84,465.02		01-Feb-2005		8.055%		OH - 75.00%		360		01-Feb-2005
412169667 2			74,700.00		74,649.86		01-Jan-2005		7.999%		OH - 90.00%		360		01-Feb-2005
412289275 2			147,000.00		146,447.53		01-Feb-2005		7.499%		OH - 79.46%		360		01-Feb-2005
412290122 2			175,500.00		174,979.31		01-Feb-2005		7.550%		SC - 90.00%		360		01-Mar-2005
501124862 2			63,840.00		63,712.85		01-Feb-2005		9.499%		MI - 80.00%		360		01-Mar-2005


TOTAL			1,586,930.00		1,583,048.20



Page 14 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										33		31		64
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										33		31		64
Curtailments Amount										22,733.70		114,482.48		137,216.18
Paid in Full Balance										6,717,442.45		5,832,549.57		12,549,992.02
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										6,740,176.15		5,947,032.05		12,687,208.20

Cumulative


Number of Paid in Full Loans										98		97		195
Number of Repurchased Loans										1		0		1
Total Number of Loans Prepaid in Full										99		97		196
Paid in Full Balance										21,446,314.76		17,454,329.52		38,900,644.27
Repurchased Loans Balance										198,000.00		0.00		198,000.00
Curtailments Amount										99,498.95		205,656.29		305,155.24
Total Prepayment Amount										21,743,813.71		17,659,985.81		39,403,799.51










Page 15 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

											Group 2		Group 1		Total



SMM										1.52%		1.34%		1.43%
3 Months Avg SMM										1.42%		1.20%		1.31%
12 Months Avg SMM										1.21%		0.98%		1.09%
Avg SMM Since Cut-off										1.21%		0.98%		1.09%


CPR										16.80%		14.92%		15.86%
3 Months Avg CPR										15.81%		13.44%		14.63%
12 Months Avg CPR										13.56%		11.16%		12.37%
Avg CPR Since Cut-off										13.56%		11.16%		12.37%


PSA										1,655.31%		1,459.44%		1,557.32%
3 Months Avg PSA Approximation										1,939.09%		1,632.87%		1,786.13%
12 Months Avg PSA Approximation										1,894.17%		1,542.09%		1,718.28%
Avg PSA Since Cut-off Approximation										1,894.18%		1,542.09%		1,718.28%










Page 16 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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 17 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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

409238302 1			153,000.00		152,430.72			03-Jun-2005		7.550%		RI - 85.00%		Paid Off - 360		01-Jan-2005
			153,000.00

409295844 2			77,000.00		76,654.88			03-Jun-2005		6.600%		CA - 42.08%		Paid Off - 360		01-Jan-2005
409295844 2					76,654.88			03-Jun-2005		6.600%		CA - 42.08%		Paid Off - 360		01-Jan-2005
410051717 1			283,500.00		282,352.87			07-Jun-2005		7.125%		WA - 70.00%		Paid Off - 360		01-Jan-2005
410051717 1					282,352.87			07-Jun-2005		7.125%		WA - 70.00%		Paid Off - 360		01-Jan-2005
410198769 2			59,000.00		58,691.37			01-Jun-2005		5.790%		OH - 78.67%		Paid Off - 360		01-Jan-2005
410198769 2					58,691.37			01-Jun-2005		5.790%		OH - 78.67%		Paid Off - 360		01-Jan-2005
410224634 2			281,600.00		280,526.61			23-May-2005		6.625%		ME - 80.00%		Paid Off - 360		01-Feb-2005
410224634 2					280,526.61			23-May-2005		6.625%		ME - 80.00%		Paid Off - 360		01-Feb-2005
410224808 2			77,600.00		77,190.96			09-Jun-2005		5.750%		FL - 80.00%		Paid Off - 360		01-Jan-2005
410224808 2					77,190.96			09-Jun-2005		5.750%		FL - 80.00%		Paid Off - 360		01-Jan-2005
410225184 2			116,500.00		116,059.36			20-May-2005		7.490%		CA - 71.91%		Paid Off - 360		01-Jan-2005
410225184 2					116,059.36			20-May-2005		7.490%		CA - 71.91%		Paid Off - 360		01-Jan-2005
410255656 1			68,000.00		67,532.89			08-Jun-2005		7.990%		NJ - 65.39%		Paid Off - 240		01-Feb-2005
410255656 1					67,532.89			08-Jun-2005		7.990%		NJ - 65.39%		Paid Off - 240		01-Feb-2005
410255799 2			128,800.00		128,375.11			01-Jun-2005		8.150%		MA - 80.00%		Paid Off - 360		01-Jan-2005
410255799 2					128,375.11			01-Jun-2005		8.150%		MA - 80.00%		Paid Off - 360		01-Jan-2005
410256020 1			333,000.00		331,652.60			15-Jun-2005		7.125%		OH - 90.00%		Paid Off - 360		01-Jan-2005
410256020 1					331,652.60			15-Jun-2005		7.125%		OH - 90.00%		Paid Off - 360		01-Jan-2005
410256823 2			227,900.00		226,977.85			18-May-2005		7.125%		CA - 75.22%		Paid Off - 360		01-Jan-2005
410256823 2					226,977.85			18-May-2005		7.125%		CA - 75.22%		Paid Off - 360		01-Jan-2005
410268157 1			365,000.00		364,035.19			08-Jun-2005		8.125%		MA - 79.35%		Paid Off - 360		01-Feb-2005
410268157 1					364,035.19			08-Jun-2005		8.125%		MA - 79.35%		Paid Off - 360		01-Feb-2005
410279910 2			315,000.00		313,357.34			31-May-2005		5.999%		CA - 87.50%		Paid Off - 360		01-Jan-2005
410279910 2					313,357.34			31-May-2005		5.999%		CA - 87.50%		Paid Off - 360		01-Jan-2005
411014332 1			272,000.00		271,073.33			02-Jun-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
411014332 1					271,073.33			02-Jun-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
411014743 1			264,800.00		264,800.00			09-Jun-2005		7.990%		IL - 80.00%		Paid Off - 360		01-Jan-2005
411014743 1					264,800.00			09-Jun-2005		7.990%		IL - 80.00%		Paid Off - 360		01-Jan-2005
411015128 1			#######		356,425.08			02-Jun-2005		7.200%		CA - 84.24%		Paid Off - 360		01-Jan-2005
411015128 1					356,425.08			02-Jun-2005		7.200%		CA - 84.24%		Paid Off - 360		01-Jan-2005
411051528 1			124,720.00		124,228.50			02-Jun-2005		6.125%		DE - 80.00%		Paid Off - 360		01-Feb-2005
411051528 1					124,228.50			02-Jun-2005		6.125%		DE - 80.00%		Paid Off - 360		01-Feb-2005
411052268 1			310,000.00		308,943.90			06-Jun-2005		7.990%		CA - 77.50%		Paid Off - 360		01-Jan-2005
411052268 1					308,943.90			06-Jun-2005		7.990%		CA - 77.50%		Paid Off - 360		01-Jan-2005
411052332 1			232,000.00		231,084.08			19-May-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
411052332 1					231,084.08			19-May-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
411083102 1			98,040.00		97,590.92			14-Jun-2005		6.500%		MO - 76.00%		Paid Off - 360		01-Jan-2005
411083102 1					97,590.92			14-Jun-2005		6.500%		MO - 76.00%		Paid Off - 360		01-Jan-2005
411083561 1			210,000.00		208,833.62			01-Jun-2005		5.470%		IL - 84.00%		Paid Off - 360		01-Jan-2005
411083561 1					208,833.62			01-Jun-2005		5.470%		IL - 84.00%		Paid Off - 360		01-Jan-2005
411083608 2			218,000.00		217,038.86			13-Jun-2005		6.685%		NV - 78.99%		Paid Off - 360		01-Jan-2005
411083608 2					217,038.86			13-Jun-2005		6.685%		NV - 78.99%		Paid Off - 360		01-Jan-2005
411084875 1			104,000.00		103,629.69			15-Jun-2005		7.770%		MD - 78.79%		Paid Off - 360		01-Jan-2005
411084875 1					103,629.69			15-Jun-2005		7.770%		MD - 78.79%		Paid Off - 360		01-Jan-2005
411095810 1			70,000.00		69,782.69			18-May-2005		8.450%		VA - 60.87%		Paid Off - 360		01-Jan-2005
411095810 1					69,782.69			18-May-2005		8.450%		VA - 60.87%		Paid Off - 360		01-Jan-2005
411110360 1			266,250.00		265,247.57			27-May-2005		7.490%		CA - 75.00%		Paid Off - 360		01-Jan-2005
411110360 1					265,247.57			27-May-2005		7.490%		CA - 75.00%		Paid Off - 360		01-Jan-2005
411110729 2			252,000.00		251,053.08			02-Jun-2005		7.500%		CA - 82.35%		Paid Off - 360		01-Jan-2005
411110729 2					251,053.08			02-Jun-2005		7.500%		CA - 82.35%		Paid Off - 360		01-Jan-2005
411120812 1			162,000.00		161,360.43			10-Jun-2005		7.250%		WI - 90.00%		Paid Off - 360		01-Jan-2005
411120812 1					161,360.43			10-Jun-2005		7.250%		WI - 90.00%		Paid Off - 360		01-Jan-2005
411121564 1			135,000.00		134,660.82			31-May-2005		8.375%		RI - 58.70%		Paid Off - 360		01-Feb-2005
411121564 1					134,660.82			31-May-2005		8.375%		RI - 58.70%		Paid Off - 360		01-Feb-2005
411132271 2			95,500.00		95,178.55			25-May-2005		8.050%		MD - 47.51%		Paid Off - 360		01-Jan-2005
411132271 2					95,178.55			25-May-2005		8.050%		MD - 47.51%		Paid Off - 360		01-Jan-2005
411153374 2			233,750.00		233,066.79			14-Jun-2005		7.625%		VT - 85.00%		Paid Off - 360		01-Feb-2005
411153374 2					233,066.79			14-Jun-2005		7.625%		VT - 85.00%		Paid Off - 360		01-Feb-2005
411176202 2			281,600.00		280,488.27			25-May-2005		7.250%		OH - 80.00%		Paid Off - 360		01-Jan-2005
411176202 2					280,488.27			25-May-2005		7.250%		OH - 80.00%		Paid Off - 360		01-Jan-2005
411188333 1			248,000.00		247,326.34			27-May-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
411188333 1					247,326.34			27-May-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
411233889 2			261,000.00		259,849.40			03-Jun-2005		5.500%		VA - 72.52%		Paid Off - 360		01-Feb-2005
411233889 2					259,849.40			03-Jun-2005		5.500%		VA - 72.52%		Paid Off - 360		01-Feb-2005
411296823 1			69,600.00		69,369.32			31-May-2005		6.990%		IN - 80.00%		Paid Off - 360		01-Feb-2005
411296823 1					69,369.32			31-May-2005		6.990%		IN - 80.00%		Paid Off - 360		01-Feb-2005
412010635 2			167,200.00		166,800.85			14-Jun-2005		8.625%		MD - 80.00%		Paid Off - 360		01-Feb-2005
412010635 2					166,800.85			14-Jun-2005		8.625%		MD - 80.00%		Paid Off - 360		01-Feb-2005
412019866 2			228,750.00		228,097.89			14-Jun-2005		7.750%		MA - 75.00%		Paid Off - 360		01-Feb-2005
412019866 2					228,097.89			14-Jun-2005		7.750%		MA - 75.00%		Paid Off - 360		01-Feb-2005
412022073 2			170,000.00		169,604.43			26-May-2005		8.750%		CA - 85.00%		Paid Off - 360		01-Feb-2005
412022073 2					169,604.43					8.750%		CA - 85.00%		Paid Off - 360



Page 18 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution

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

412022147 1			117,000.00		116,507.82			20-May-2005		5.750%		CA - 46.80%		Paid Off - 360		01-Feb-2005
			117,000.00

412022545 1			205,200.00		204,671.17			23-May-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Feb-2005
412022545 1					204,671.17			23-May-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Feb-2005
412065684 1			149,500.00		149,084.38			03-Jun-2005		7.875%		MA - 50.00%		Paid Off - 360		01-Feb-2005
412065684 1					149,084.38			03-Jun-2005		7.875%		MA - 50.00%		Paid Off - 360		01-Feb-2005
412066413 2			142,000.00		141,630.29			03-Jun-2005		8.200%		NV - 73.96%		Paid Off - 360		01-Feb-2005
412066413 2					141,630.29			03-Jun-2005		8.200%		NV - 73.96%		Paid Off - 360		01-Feb-2005
412078285 2			360,000.00		358,781.97			14-Jun-2005		8.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005
412078285 2					358,781.97			14-Jun-2005		8.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005
412091111 1			136,000.00		135,717.36			17-May-2005		7.875%		NJ - 80.00%		Paid Off - 360		01-Mar-2005
412091111 1					135,717.36			17-May-2005		7.875%		NJ - 80.00%		Paid Off - 360		01-Mar-2005
412091961 1			136,000.00		135,666.35			25-May-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005
412091961 1					135,666.35			25-May-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005
412092007 1			102,000.00		101,694.35			08-Jun-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Feb-2005
412092007 1					101,694.35			08-Jun-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Feb-2005
412133812 2			144,000.00		142,931.82			01-Jun-2005		7.359%		CA - 72.00%		Paid Off - 240		01-Feb-2005
412133812 2					142,931.82			01-Jun-2005		7.359%		CA - 72.00%		Paid Off - 240		01-Feb-2005
412134031 1			268,000.00		267,999.97			15-Jun-2005		5.899%		NV - 53.60%		Paid Off - 360		01-Mar-2005
412134031 1					267,999.97			15-Jun-2005		5.899%		NV - 53.60%		Paid Off - 360		01-Mar-2005
412145712 2			150,000.00		149,572.17			07-Jun-2005		7.750%		CA - 73.17%		Paid Off - 360		01-Feb-2005
412145712 2					149,572.17			07-Jun-2005		7.750%		CA - 73.17%		Paid Off - 360		01-Feb-2005
412145873 1			168,750.00		168,441.05			14-Jun-2005		8.499%		VA - 75.00%		Paid Off - 360		01-Mar-2005
412145873 1					168,441.05			14-Jun-2005		8.499%		VA - 75.00%		Paid Off - 360		01-Mar-2005
412157073 1			208,000.00		208,000.00			25-May-2005		7.125%		GA - 80.00%		Paid Off - 360		01-Feb-2005
412157073 1					208,000.00			25-May-2005		7.125%		GA - 80.00%		Paid Off - 360		01-Feb-2005
412157098 1			138,600.00		138,164.31			07-Jun-2005		7.259%		MI - 90.00%		Paid Off - 360		01-Feb-2005
412157098 1					138,164.31			07-Jun-2005		7.259%		MI - 90.00%		Paid Off - 360		01-Feb-2005
412157202 2			432,000.00		430,994.87			18-May-2005		8.750%		IL - 80.00%		Paid Off - 360		01-Feb-2005
412157202 2					430,994.87			18-May-2005		8.750%		IL - 80.00%		Paid Off - 360		01-Feb-2005
412171578 2			308,000.00		306,774.80			20-May-2005		6.499%		CA - 81.05%		Paid Off - 360		01-Feb-2005
412171578 2					306,774.80			20-May-2005		6.499%		CA - 81.05%		Paid Off - 360		01-Feb-2005
412214155 2			308,800.00		308,234.78			27-May-2005		8.500%		FL - 80.00%		Paid Off - 360		01-Mar-2005
412214155 2					308,234.78			27-May-2005		8.500%		FL - 80.00%		Paid Off - 360		01-Mar-2005
412225338 2			391,000.00		390,079.58			15-Jun-2005		9.990%		CA - 84.82%		Paid Off - 360		01-Feb-2005
412225338 2					390,079.58			15-Jun-2005		9.990%		CA - 84.82%		Paid Off - 360		01-Feb-2005
412290350 2			324,800.00		324,800.00			14-Jun-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Mar-2005
412290350 2					324,800.00			14-Jun-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Mar-2005
412290381 2			162,750.00		162,385.35			17-May-2005		7.500%		CA - 75.00%		Paid Off - 360		01-Mar-2005
412290381 2					162,385.35			17-May-2005		7.500%		CA - 75.00%		Paid Off - 360		01-Mar-2005
501100183 1			94,500.00		94,242.25			17-May-2005		6.499%		FL - 76.21%		Paid Off - 360		01-Mar-2005
501100183 1					94,242.25			17-May-2005		6.499%		FL - 76.21%		Paid Off - 360		01-Mar-2005
501111740 2			96,000.00		95,839.84			17-May-2005		8.950%		NC - 80.00%		Paid Off - 360		01-Mar-2005
501111740 2					95,839.84			17-May-2005		8.950%		NC - 80.00%		Paid Off - 360		01-Mar-2005
501135536 2			104,000.00		103,799.08			20-May-2005		8.259%		TN - 80.00%		Paid Off - 360		01-Mar-2005
501135536 2					103,799.08			20-May-2005		8.259%		TN - 80.00%		Paid Off - 360		01-Mar-2005
501147273 2			69,600.00		69,448.65			03-Jun-2005		7.650%		IL - 80.00%		Paid Off - 360		01-Mar-2005
501147273 2					69,448.65			03-Jun-2005		7.650%		IL - 80.00%		Paid Off - 360		01-Mar-2005
501147291 2			154,000.00		153,610.77			06-Jun-2005		6.890%		MD - 74.04%		Paid Off - 360		01-Mar-2005
501147291 2					153,610.77			06-Jun-2005		6.890%		MD - 74.04%		Paid Off - 360		01-Mar-2005
501204015 2			89,600.00		89,435.99			14-Jun-2005		8.500%		MO - 80.00%		Paid Off - 360		01-Mar-2005
501204015 2					89,435.99			14-Jun-2005		8.500%		MO - 80.00%		Paid Off - 360		01-Mar-2005
501259142 2			311,067.00		310,110.89			27-May-2005		5.875%		CA - 69.13%		Paid Off - 360		01-Mar-2005
501259142 2					310,110.89			27-May-2005		5.875%		CA - 69.13%		Paid Off - 360		01-Mar-2005


TOTAL			12,589,277.00		12,549,992.02
TOTAL


Page 19 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current
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
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 20 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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 21 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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 22 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 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 23 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
										Group 2		Group 1		Total
						Has the Stepdown Date Occurred? (0=No,1=Yes)								0

						Does the Group I Seq. Trigger Event Exist?								0

						Does the Trigger Event Exist? (0=No,1=Yes)								0

						A Trigger Event Exists if either (i) or (ii) are true

						(i) The quotient of ( (1)/(2) > (3) )
						(1) 60+ Day Rolling Delinquency Balance								937,344.30
						(2) Stated Principal Balance								874,998,156.59
						60+ Day Delinquency % ( (1)/(2) )								0.107125%
						(3) 37% of Senior Enhancement %								6.818642%

						(ii) The quotient of ( (4)/(5) > (6))
						(4) Aggregate Cumulative Realized Loss								0.00
						(5) Cutoff Date Pool Principal Balance								917,229,180.17
						Trigger Event Loss % ( (4)/(5) )								0.000000%
						(6) Applicable Loss %								0.000000%


ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current LIBOR Rate														3.090000%
Next LIBOR Rate														0.000000%




Page 24 of 25
Accredited Mortgage Loan Trust 2005-1

Asset Backed Notes
Asset Backed Notes
2005-1

June 27, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
										Group 2		Group 1		Total
Current Scheduled Payments														5,872,213.43
Current Scheduled Payments 1 Month Prior														5,949,291.59
Current Scheduled Payments 2 Month Prior														6,027,237.09
Current Scheduled Payments 3 Month Prior														6,057,863.94
Current Scheduled Payments 4 Month Prior														0.00
Current Scheduled Payments 5 Month Prior														0.00
Current Scheduled Payments 6 Month Prior														0.00
Current Scheduled Payments 7 Month Prior														0.00
Current Scheduled Payments 8 Month Prior														0.00
Current Scheduled Payments 9 Month Prior														0.00
Current Scheduled Payments 10 Month Prior														0.00
Current Scheduled Payments 11 Month Prior														0.00

Delinquent 60+ Scheduled Payments														15,965.11
Delinq. 60+ Sched. Pmnts, 1 Month Prior														8,741.33
Delinq. 60+ Sched. Pmnts, 2 Month Prior														611.86
Delinq. 60+ Sched. Pmnts, 3 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 4 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 5 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior														0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior														0.00




Page 25 of 25

Accredited Mortgage Loan Trust 2005-1 8-K