
                                     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)

                Bear Stearns Asset Backed Securities I LLC (as Depositor under
             the Pooling and Servicing Agreement, dated as May 1, 2005,
                providing for the issuance of Carrington Mortgage Loan Trust
      Series 2005-NC2 Asset Backed Pass- through Certificates, Series 2005-NC2)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113636-34                         20-0842986
          (Commission File Number)        (I.R.S. Employer Identification No.)


           383 Madison Avenue
           NEW YORK, NEW YORK                                  10179
          (Address of principal executive offices)           (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 272-2000


(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 Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Bear Stearns Asset Backed Securities I
                                  LLC., 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.



Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Stanwich Asset A. Comp.						1. Certificate Payment Report					2
				Stanwich Asset A. Comp.						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11

				FDIC						7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					18
										11. Realized Loss Detail Report					21
				Servicer(s)						11. Realized Loss Detail Report					21
				Servicer(s)						12. Triggers and Adj. Cert. Report					22
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					22
				New Century Mortgage Corporation						13. Additional Certificate Report					23
										13. Additional Certificate Report					23


				Underwriter(s)
				Bear Stearns & Co.


										Total Number of Pages					23
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Brent Hoyler
				Close Date:			May 04, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				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 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					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-1	FLT, SR	$	259,222,569.00		259,222,569.00		1,252,045.01		14,440,778.89		15,692,823.90		0.00		0.00		244,781,790.11
A-1	FLT, SR	$	259,222,569.00		259,222,569.00		1,252,045.01		14,440,778.89		15,692,823.90		0.00		0.00		244,781,790.11
A-2	FLT, SR	$	250,452,000.00		250,452,000.00		1,251,007.74		0.00		1,251,007.74		0.00		0.00		250,452,000.00
A-3	FLT, SR	$	43,297,000.00		43,297,000.00		222,113.61		0.00		222,113.61		0.00		0.00		43,297,000.00
M-1	FLT, SUB	$	28,141,000.00		28,141,000.00		149,428.71		0.00		149,428.71		0.00		0.00		28,141,000.00
M-2	FLT, SUB	$	25,583,000.00		25,583,000.00		136,996.97		0.00		136,996.97		0.00		0.00		25,583,000.00
M-3	FLT, SUB	$	15,350,000.00		15,350,000.00		82,659.75		0.00		82,659.75		0.00		0.00		15,350,000.00
M-4	FLT, SUB	$	26,679,000.00		26,679,000.00		150,869.75		0.00		150,869.75		0.00		0.00		26,679,000.00
M-5	FLT, SUB	$	12,060,000.00		12,060,000.00		69,465.60		0.00		69,465.60		0.00		0.00		12,060,000.00
M-6	FLT, SUB	$	10,964,000.00		10,964,000.00		73,020.24		0.00		73,020.24		0.00		0.00		10,964,000.00
M-7	FLT, SUB	$	9,868,000.00		9,868,000.00		67,201.08		0.00		67,201.08		0.00		0.00		9,868,000.00
M-8	FLT, SUB	$	8,771,000.00		8,771,000.00		64,993.11		0.00		64,993.11		0.00		0.00		8,771,000.00
M-9	FLT, SUB	$	7,674,000.00		7,674,000.00		70,101.98		0.00		70,101.98		0.00		0.00		7,674,000.00
CE	SUB	$	21,927,948.09		21,927,948.09		16,738.83		0.00		16,738.83		0.00		52.64		21,928,000.73
P	SUB	$	100.00		100.00		184,380.71		0.00		184,380.71		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			719,989,617.09		719,989,617.09		3,791,023.09		14,440,778.89		18,231,801.98		0.00		52.64		705,548,890.84
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-1	05/04/05		06/26/05		A-Act/360		144531BR0		259,222,569.00		1,000.000000		4.830000		55.708031		60.538031	944.291969
A-2	05/04/05		06/26/05		A-Act/360		144531BS8		250,452,000.00		1,000.000000		4.995000		0.000000		4.995000	1,000.000000
A-3	05/04/05		06/26/05		A-Act/360		144531BT6		43,297,000.00		1,000.000000		5.130000		0.000000		5.130000	1,000.000000
M-1	05/04/05		06/26/05		A-Act/360		144531BU3		28,141,000.00		1,000.000000		5.310000		0.000000		5.310000	1,000.000000
M-2	05/04/05		06/26/05		A-Act/360		144531BV1		25,583,000.00		1,000.000000		5.355000		0.000000		5.355000	1,000.000000
M-3	05/04/05		06/26/05		A-Act/360		144531BW9		15,350,000.00		1,000.000000		5.385000		0.000000		5.385000	1,000.000000
M-4	05/04/05		06/26/05		A-Act/360		144531BX7		26,679,000.00		1,000.000000		5.655000		0.000000		5.655000	1,000.000000
M-5	05/04/05		06/26/05		A-Act/360		144531BY5		12,060,000.00		1,000.000000		5.760000		0.000000		5.760000	1,000.000000
M-6	05/04/05		06/26/05		A-Act/360		144531BZ2		10,964,000.00		1,000.000000		6.660000		0.000000		6.660000	1,000.000000
M-7	05/04/05		06/26/05		A-Act/360		144531CA6		9,868,000.00		1,000.000000		6.810000		0.000000		6.810000	1,000.000000
M-8	05/04/05		06/26/05		A-Act/360		144531CB4		8,771,000.00		1,000.000000		7.410000		0.000000		7.410000	1,000.000000
M-9	05/04/05		06/26/05		A-Act/360		144531CC2		7,674,000.00		1,000.000000		9.134999		0.000000		9.134999	1,000.000000
CE	05/04/05		06/24/05		A-30/360				21,927,948.09		1,000.000000		0.763356		0.000000		0.763356	1,000.002401
P	05/04/05		06/24/05		A-30/360				100.00		1,000.000000		1,843,807.100000		0.000000		1,843,807.100000	1,000.000000
R	05/04/05		06/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 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)
A-1	259,222,569.00		1,252,045.01		14,440,359.27		419.62		14,440,778.89		15,692,823.90		0.00		0.00		244,781,790.11
A-2	250,452,000.00		1,251,007.74		0.00		0.00		0.00		1,251,007.74		0.00		0.00		250,452,000.00
A-3	43,297,000.00		222,113.61		0.00		0.00		0.00		222,113.61		0.00		0.00		43,297,000.00
M-1	28,141,000.00		149,428.71		0.00		0.00		0.00		149,428.71		0.00		0.00		28,141,000.00
M-2	25,583,000.00		136,996.97		0.00		0.00		0.00		136,996.97		0.00		0.00		25,583,000.00
M-3	15,350,000.00		82,659.75		0.00		0.00		0.00		82,659.75		0.00		0.00		15,350,000.00
M-4	26,679,000.00		150,869.75		0.00		0.00		0.00		150,869.75		0.00		0.00		26,679,000.00
M-5	12,060,000.00		69,465.60		0.00		0.00		0.00		69,465.60		0.00		0.00		12,060,000.00
M-6	10,964,000.00		73,020.24		0.00		0.00		0.00		73,020.24		0.00		0.00		10,964,000.00
M-7	9,868,000.00		67,201.08		0.00		0.00		0.00		67,201.08		0.00		0.00		9,868,000.00
M-8	8,771,000.00		64,993.11		0.00		0.00		0.00		64,993.11		0.00		0.00		8,771,000.00
M-9	7,674,000.00		70,101.98		0.00		0.00		0.00		70,101.98		0.00		0.00		7,674,000.00
CE	21,927,948.09		16,738.83		0.00		0.00		0.00		16,738.83		0.00		52.64		21,928,000.73
P	100.00		184,380.71		0.00		0.00		0.00		184,380.71		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	719,989,617.09		3,791,023.09		14,440,359.27		419.62		14,440,778.89		18,231,801.98		0.00		52.64		705,548,890.84


Interest Detail - REMIC II
	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-1	3.22000%		259,222,569.00		1,252,045.01		0.00		0.00		0.00		1,252,045.01		1,252,045.01		0.00
A-2	3.33000%		250,452,000.00		1,251,007.74		0.00		0.00		0.00		1,251,007.74		1,251,007.74		0.00
A-3	3.33967%		43,297,000.00		216,896.77		0.00		0.00		0.00		216,896.77		222,113.61		0.00
M-1	3.33967%		28,141,000.00		140,972.63		0.00		0.00		0.00		140,972.63		149,428.71		0.00
M-2	3.33967%		25,583,000.00		128,158.31		0.00		0.00		0.00		128,158.31		136,996.97		0.00
M-3	3.33967%		15,350,000.00		76,895.99		0.00		0.00		0.00		76,895.99		82,659.75		0.00
M-4	3.33967%		26,679,000.00		133,648.73		0.00		0.00		0.00		133,648.73		150,869.75		0.00
M-5	3.33967%		12,060,000.00		60,414.70		0.00		0.00		0.00		60,414.70		69,465.60		0.00
M-6	3.33967%		10,964,000.00		54,924.27		0.00		0.00		0.00		54,924.27		73,020.24		0.00
M-7	3.33967%		9,868,000.00		49,433.85		0.00		0.00		0.00		49,433.85		67,201.08		0.00
M-8	3.33967%		8,771,000.00		43,938.42		0.00		0.00		0.00		43,938.42		64,993.11		0.00
M-9	3.33967%		7,674,000.00		38,442.98		0.00		0.00		0.00		38,442.98		70,101.98		0.00
CE	0.00000%		21,927,948.09		0.00		0.00		0.00		0.00		0.00		16,791.47		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		184,380.71		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			719,989,617.09		3,446,779.40		0.00		0.00		0.00		3,446,779.40		3,791,075.73		0.00



Page 3 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														14,440,626.25
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														14,440,626.25
Interest Collections														3,673,914.52
Interest Withdrawals														-0.00
Interest Fees														-67,119.50
Interest Other Accounts														184,380.71
TOTAL NET INTEREST														3,791,175.73
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														18,231,801.98



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															419.62
Curtailments															36,291.28
Prepayments In Full															14,403,915.35
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-362.92
Realized Losses															-0.00
Advanced Principal															362.92
TOTAL PRINCIPAL COLLECTED															14,440,626.25


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,909,370.61
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-32,641.57
Delinquent Interest														-3,074,022.75
Compensating Interest														32,641.57
Civil Relief Act Shortfalls														-0.00
Interest Advanced														2,838,566.66
TOTAL INTEREST COLLECTED														3,673,914.52


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														184,380.71
Net WAC Investment Income
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														184,380.71



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														64,539.54
Trustee Fees														2,579.96
TOTAL INTEREST FEES														67,119.50




Page 5 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount - Prior Period														21,928,000.73
Current Period Losses														0.00
Overcollateralized Amount - After Current Losses														21,928,000.73

Overcollateralization Increase Amount														152.64
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														21,928,000.73

Overcollateralization Deficiency Amount														0.00
Required Overcollateralized Amount														21,928,000.73

Senior Enhancement Percentage														23.672059%



Page 6 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														2,525
Prior														2,525
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-47
Repurchases														-0
Liquidations														-0
Current														2,478
Principal Balance:


Original														719,989,517.09
Prior														719,989,517.09
Prefunding														0.00
Scheduled Principal														-419.62
Partial Prepayments														-36,291.28
Full Voluntary Prepayments														-14,403,915.35
Repurchases														-0.00
Liquidations														-0.00
Current														705,548,890.84





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 23
Carrington Mortgage Loan Trust 2005-NC2

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Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.51583%
Weighted Average Coupon Prior														6.51583%
Weighted Average Coupon Current														6.51583%
Weighted Average Months to Maturity Original														356
Weighted Average Months to Maturity Prior														356
Weighted Average Months to Maturity Current														356
Weighted Avg Remaining Amortization Term Original														356
Weighted Avg Remaining Amortization Term Prior														356
Weighted Avg Remaining Amortization Term Current														356
Weighted Average Seasoning Original														3.87
Weighted Average Seasoning Prior														3.87
Weighted Average Seasoning Current														3.87









Page 8 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.61388%
Weighted Average Margin Prior														5.61388%
Weighted Average Margin Current														5.61388%
Weighted Average Max Rate Original														13.51635%
Weighted Average Max Rate Prior														13.51635%
Weighted Average Max Rate Current														13.51635%
Weighted Average Min Rate Original														6.51585%
Weighted Average Min Rate Prior														6.51585%
Weighted Average Min Rate Current														6.51585%
Weighted Average Cap Up Original														1.50000%
Weighted Average Cap Up Prior														1.50000%
Weighted Average Cap Up Current														1.50000%
Weighted Average Cap Down Original														1.50000%
Weighted Average Cap Down Prior														1.50000%
Weighted Average Cap Down Current														1.50000%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														64,539.54
Delinquent Servicing Fees														235,456.09
TOTAL SERVICING FEES														299,995.64


Total Servicing Fees														299,995.64
Compensating Interest														-32,641.57
Delinquent Servicing Fees														-235,456.09
COLLECTED SERVICING FEES														31,897.98


Total Advanced Interest														2,838,566.66
Total Advanced Principal														362.92
Aggregate Advances with respect to this Distribution														2,838,929.58





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														32,641.57
Compensating Interest														-32,641.57
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														705,548,890.84
Weighted Average Net Mortgage Rate														3.339674%




Page 9 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		114,000.00		0.00		0.00		0.00		114,000.00
			% Balance		0.02%		0.00%		0.00%		0.00%		0.02%
			# Loans		1		0		0		0		1
			% # Loans		0.04%		0.00%		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		114,000.00		0.00		0.00		0.00		114,000.00
			% Balance		0.02%		0.00%		0.00%		0.00%		0.02%
			# Loans		1		0		0		0		1
			% # Loans		0.04%		0.00%		0.00%		0.00%		0.04%









Page 10 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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 11 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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




TOTAL



Page 12 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														47
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														47
Curtailments Amount														36,291.28
Paid in Full Balance														14,403,915.35
Repurchased Loans Balance														0.00
Total Prepayment Amount														14,440,206.63

Cumulative


Number of Paid in Full Loans														47
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														47
Paid in Full Balance														14,403,915.35
Repurchased Loans Balance														0.00
Curtailments Amount														36,291.28
Total Prepayment Amount														14,440,206.63










Page 13 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														2.01%
3 Months Avg SMM														2.01%
12 Months Avg SMM														2.01%
Avg SMM Since Cut-off														2.01%


CPR														21.58%
3 Months Avg CPR														21.58%
12 Months Avg CPR														21.58%
Avg CPR Since Cut-off														21.58%


PSA														2,790.87%
3 Months Avg PSA Approximation														2,790.87%
12 Months Avg PSA Approximation														2,790.87%
Avg PSA Since Cut-off Approximation														2,790.87%










Page 14 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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 15 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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

1979511 1			369,750.00		369,750.00			23-May-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Jan-2005
			369,750.00

1979860 1			308,000.00		308,000.00			16-May-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1979860 1					308,000.00			16-May-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1982117 1			377,799.03		377,799.03			23-May-2005		5.990%		CA - 84.06%		Paid Off - 360		01-Jan-2005
1982117 1					377,799.03			23-May-2005		5.990%		CA - 84.06%		Paid Off - 360		01-Jan-2005
1000188399 1			456,000.00		456,000.00			06-May-2005		6.700%		FL - 95.00%		Paid Off - 360		01-Feb-2005
1000188399 1					456,000.00			06-May-2005		6.700%		FL - 95.00%		Paid Off - 360		01-Feb-2005
1000312478 1			132,990.78		132,990.78			09-May-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Feb-2005
1000312478 1					132,990.78			09-May-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Feb-2005
1000312600 1			235,963.59		235,963.59			16-May-2005		6.350%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000312600 1					235,963.59			16-May-2005		6.350%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000350471 1			232,000.00		232,000.00			24-May-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000350471 1					232,000.00			24-May-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000359301 1			472,000.00		472,000.00			19-May-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000359301 1					472,000.00			19-May-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000392257 1			189,000.00		189,000.00			28-May-2005		6.900%		FL - 94.50%		Paid Off - 360		01-Feb-2005
1000392257 1					189,000.00			28-May-2005		6.900%		FL - 94.50%		Paid Off - 360		01-Feb-2005
1000401416 1			500,000.00		500,000.00			10-May-2005		6.450%		CA - 75.76%		Paid Off - 360		01-Feb-2005
1000401416 1					500,000.00			10-May-2005		6.450%		CA - 75.76%		Paid Off - 360		01-Feb-2005
1000409677 1			260,000.00		260,000.00			02-May-2005		6.150%		MN - 92.86%		Paid Off - 360		01-Feb-2005
1000409677 1					260,000.00			02-May-2005		6.150%		MN - 92.86%		Paid Off - 360		01-Feb-2005
1000436175 1			414,000.00		414,000.00			29-Apr-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000436175 1					414,000.00			29-Apr-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000455019 1			352,000.00		352,000.00			04-May-2005		7.500%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000455019 1					352,000.00			04-May-2005		7.500%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000480535 1			197,979.42		197,979.42			25-May-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000480535 1					197,979.42			25-May-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000510897 1			342,000.00		342,000.00			18-May-2005		6.950%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1000510897 1					342,000.00			18-May-2005		6.950%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1000511547 1			340,000.00		340,000.00			20-May-2005		6.900%		CA - 89.47%		Paid Off - 360		01-Feb-2005
1000511547 1					340,000.00			20-May-2005		6.900%		CA - 89.47%		Paid Off - 360		01-Feb-2005
1000526817 1			399,999.98		399,999.98			04-May-2005		6.250%		MA - 84.21%		Paid Off - 360		01-Mar-2005
1000526817 1					399,999.98			04-May-2005		6.250%		MA - 84.21%		Paid Off - 360		01-Mar-2005
1000527941 1			208,458.96		208,458.96			19-May-2005		7.650%		IL - 90.00%		Paid Off - 360		01-Feb-2005
1000527941 1					208,458.96			19-May-2005		7.650%		IL - 90.00%		Paid Off - 360		01-Feb-2005
1000529244 1			480,000.00		480,000.00			23-May-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000529244 1					480,000.00			23-May-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000586869 1			180,500.00		180,500.00			11-May-2005		8.150%		NV - 95.00%		Paid Off - 360		01-Feb-2005
1000586869 1					180,500.00			11-May-2005		8.150%		NV - 95.00%		Paid Off - 360		01-Feb-2005
1000597250 1			128,000.00		128,000.00			18-May-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000597250 1					128,000.00			18-May-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000599506 1			313,599.97		313,599.97			13-May-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000599506 1					313,599.97			13-May-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000604386 1			441,224.98		441,224.98			27-May-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000604386 1					441,224.98			27-May-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000622767 1			336,000.00		336,000.00			26-May-2005		5.990%		CA - 84.85%		Paid Off - 360		01-Feb-2005
1000622767 1					336,000.00			26-May-2005		5.990%		CA - 84.85%		Paid Off - 360		01-Feb-2005
1000641201 1			219,999.32		219,999.32			02-May-2005		6.400%		CA - 79.14%		Paid Off - 360		01-Mar-2005
1000641201 1					219,999.32			02-May-2005		6.400%		CA - 79.14%		Paid Off - 360		01-Mar-2005
1000643968 1			332,000.00		332,000.00			17-May-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000643968 1					332,000.00			17-May-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000653536 1			307,101.32		307,101.32			09-May-2005		6.650%		MD - 80.00%		Paid Off - 360		01-Jan-2005
1000653536 1					307,101.32			09-May-2005		6.650%		MD - 80.00%		Paid Off - 360		01-Jan-2005
1000674675 1			459,000.00		459,000.00			11-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000674675 1					459,000.00			11-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000720759 1			310,500.00		310,500.00			24-May-2005		6.650%		CA - 91.32%		Paid Off - 360		01-Mar-2005
1000720759 1					310,500.00			24-May-2005		6.650%		CA - 91.32%		Paid Off - 360		01-Mar-2005
1000731042 1			229,500.00		229,500.00			26-May-2005		7.000%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000731042 1					229,500.00			26-May-2005		7.000%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000755597 1			268,000.00		268,000.00			19-May-2005		5.850%		NY - 80.00%		Paid Off - 360		01-Apr-2005
1000755597 1					268,000.00			19-May-2005		5.850%		NY - 80.00%		Paid Off - 360		01-Apr-2005
1000758308 1			145,999.47		145,999.47			19-May-2005		6.125%		AZ - 89.57%		Paid Off - 360		01-Mar-2005
1000758308 1					145,999.47			19-May-2005		6.125%		AZ - 89.57%		Paid Off - 360		01-Mar-2005
1000798211 1			245,000.00		245,000.00			09-May-2005		5.990%		CA - 81.67%		Paid Off - 360		01-Apr-2005
1000798211 1					245,000.00			09-May-2005		5.990%		CA - 81.67%		Paid Off - 360		01-Apr-2005
1000798578 1			264,775.99		264,775.99			11-May-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000798578 1					264,775.99			11-May-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000800618 1			245,000.00		245,000.00			19-May-2005		7.600%		IL - 88.77%		Paid Off - 360		01-Mar-2005
1000800618 1					245,000.00			19-May-2005		7.600%		IL - 88.77%		Paid Off - 360		01-Mar-2005
1000832004 1			237,600.00		237,600.00			31-May-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000832004 1					237,600.00			31-May-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000852161 1			370,800.00		370,800.00			25-May-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000852161 1					370,800.00					6.450%		CA - 80.00%		Paid Off - 360



Page 16 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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

1000860982 1			262,699.99		262,699.99			23-May-2005		5.950%		CA - 83.40%		Paid Off - 360		01-Apr-2005
			262,699.99

1000862686 1			664,000.00		664,000.00			18-May-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000862686 1					664,000.00			18-May-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000869965 1			382,500.00		382,500.00			16-May-2005		7.600%		CT - 85.00%		Paid Off - 360		01-Apr-2005
1000869965 1					382,500.00			16-May-2005		7.600%		CT - 85.00%		Paid Off - 360		01-Apr-2005
1000872531 1			228,000.00		228,000.00			18-May-2005		6.600%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000872531 1					228,000.00			18-May-2005		6.600%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000884813 1			125,000.00		125,000.00			20-May-2005		7.200%		MA - 62.50%		Paid Off - 360		01-Apr-2005
1000884813 1					125,000.00			20-May-2005		7.200%		MA - 62.50%		Paid Off - 360		01-Apr-2005
1000927974 1			490,172.56		490,172.56			24-May-2005		6.750%		NJ - 80.00%		Paid Off - 360		01-Apr-2005
1000927974 1					490,172.56			24-May-2005		6.750%		NJ - 80.00%		Paid Off - 360		01-Apr-2005
1000965566 1			169,599.99		169,599.99			04-May-2005		7.300%		MD - 80.00%		Paid Off - 360		01-Apr-2005
1000965566 1					169,599.99			04-May-2005		7.300%		MD - 80.00%		Paid Off - 360		01-Apr-2005
1001018892 1			230,400.00		230,400.00			04-May-2005		6.950%		MD - 90.00%		Paid Off - 360		01-Apr-2005
1001018892 1					230,400.00			04-May-2005		6.950%		MD - 90.00%		Paid Off - 360		01-Apr-2005
1001036881 1			241,000.00		241,000.00			20-May-2005		7.300%		NV - 83.68%		Paid Off - 360		01-May-2005
1001036881 1					241,000.00			20-May-2005		7.300%		NV - 83.68%		Paid Off - 360		01-May-2005
1001163074 1			308,000.00		308,000.00			24-May-2005		6.700%		CA - 80.00%		Paid Off - 360		01-May-2005
1001163074 1					308,000.00			24-May-2005		6.700%		CA - 80.00%		Paid Off - 360		01-May-2005


TOTAL			14,403,915.35		14,403,915.35
TOTAL


Page 17 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



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

Cumulative
Cumulative



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










Page 18 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution


DEFAULT SPEEDS



															Total



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


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


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


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












Page 19 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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 20 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

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 21 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														3.090000%
Next LIBOR Rate														3.314380%




Page 22 of 23
Carrington Mortgage Loan Trust 2005-NC2

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC2

June 27, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS

			A-1										0.00		0.00
													0.00		0.00
			A-2										0.00		5,763.76
													0.00		5,763.76
			A-3										0.00		#######
													0.00		#######
			M-1										0.00		9,050.90
													0.00		9,050.90
			M-2										0.00		#######
													0.00		#######
			M-3										0.00		#######
													0.00		#######
			M-4										0.00		0.00
													0.00		0.00
			M-5										0.00		0.00
													0.00		0.00
			M-6										0.00		0.00
													0.00		0.00
			M-7										0.00		0.00
													0.00		0.00
			M-8										0.00		0.00
													0.00		0.00
			M-9										0.01		0.00
													0.01		0.00






Page 23 of 23

Carrington Mortgage Loan Trust 2005-NC2 8-K