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~~July 2725, 2005 (Date of earliest event reported) Citigroup Mortgage Loan Trust Inc (as Depositor under the Pooling and Servicing Agreement, dated as May 1, 2005, providing for the issuance of Carrington Mortgage Loan Trust Series 2005-OPT2 Asset Backed Pass- through Certificates, Series 2005-OPT2) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-117349-13 01-0791848 (Commission File Number) (I.R.S. Employer Identification No.) 390 Greenwich Street NEW YORK, NEW YORK 10013 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 816-6000 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~June~~July 2725, 2005. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of Citigroup Mortgage Loan Trust Inc., Registrant Date: ~~Jun~~Jul 3025, 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~~July 2725, 2005.

Carrington NIM Trust 2005-OPT2
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
June 27, 2005 Distribution
July 25, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Carrington Mortgage Loan Trust
				Stanwich Asset A. Comp.
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
				Certificate Insurer(s)
										4. Collateral Report					7
				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
										10. Realized Loss Report					20
										11. Realized Loss Detail Report					23
				Servicer(s)
										12. Triggers and Adj. Cert. Report					24
				Option One
										13. Additional Certificate Report					25
				Underwriter(s)
				Bear Stearns & Co.
										Total Number of Pages					625
				Dates						Contacts
				Cut-Off Date:			May 01, 2005			~~Nicholas~~Brent ~~Gisler~~Hoyler
				Close Date:			May 05, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-~~6268~~6322
										Nicholas.Gisler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~June~~July 2725, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~May~~June 3130, 2005
										Main Phone Number:			(714) 247-6000
							June 24, 2005
							July 22, 2005
										https://www.tss.db.com/invr
Page 1 of 6
Page 1 of 25
Carrington NIM Trust 2005-OPT2
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
June 27, 2005 Distribution
July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
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)
NOTE		$	75,000,000.00		75,000,000.00		572,916.67		1,188,671.95		1,761,588.62		0.00		0.00		73,811,328.05
A-1A	SR	$	526,319,600.00		495,582,419.57		1,312,228.46		33,981,314.24		35,293,542.70		0.00		0.00		461,601,105.33
OWNER		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1B	SR	$	212,761,000.00		212,761,000.00		573,288.30		0.00		573,288.30		0.00		0.00		212,761,000.00
Total			75,000,000.00		75,000,000.00		572,916.67		1,188,671.95		1,761,588.62		0.00		0.00		73,811,328.05
A-1C	SR	$	211,963,100.00		211,963,100.00		584,327.16		0.00		584,327.16		0.00		0.00		211,963,100.00
A-1D	SR	$	99,606,500.00		99,606,500.00		282,336.40		0.00		282,336.40		0.00		0.00		99,606,500.00
A-2	SR	$	100,000,000.00		100,000,000.00		274,896.22		0.00		274,896.22		0.00		0.00		100,000,000.00
M-1	MEZ	$	87,824,700.00		87,824,700.00		255,088.40		0.00		255,088.40		0.00		0.00		87,824,700.00
M-2	MEZ	$	48,378,000.00		48,378,000.00		141,643.58		0.00		141,643.58		0.00		0.00		48,378,000.00
M-3	MEZ	$	28,282,500.00		28,282,500.00		86,546.52		0.00		86,546.52		0.00		0.00		28,282,500.00
M-4	MEZ	$	26,794,000.00		26,794,000.00		82,616.80		0.00		82,616.80		0.00		0.00		26,794,000.00
M-5	MEZ	$	24,561,100.00		24,561,100.00		76,687.01		0.00		76,687.01		0.00		0.00		24,561,100.00
M-6	MEZ	$	22,328,300.00		22,328,300.00		78,398.78		0.00		78,398.78		0.00		0.00		22,328,300.00
M-7	MEZ	$	20,095,500.00		20,095,500.00		72,903.48		0.00		72,903.48		0.00		0.00		20,095,500.00
M-8	MEZ	$	14,379,800.00		14,379,800.00		56,082.27		0.00		56,082.27		0.00		0.00		14,379,800.00
M-9	MEZ	$	25,067,000.00		25,067,000.00		103,612.10		0.00		103,612.10		0.00		0.00		25,067,000.00
CE	NOF	$	40,191,359.68		40,190,919.11		4,509,533.29		0.00		4,509,533.29		0.00		0.00		40,190,919.11
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	NOF	$	100.00		100.00		388,144.13		0.00		388,144.13		0.00		0.00		100.00
Total			1,488,552,559.68		1,457,814,938.68		8,878,332.90		33,981,314.24		42,859,647.14		0.00		0.00		1,423,833,624.44
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)
NOTE	05/05/05		06/24/05		F-30/360		144534AD6		75,000,000.00		1,000.000000		7.638889		15.848959		23.487848	984.151041
A-1A	06/27/05		07/24/05		A-Act/360		144531CD0		526,319,600.00		941.599780		2.493216		64.564030		67.057246	877.035750
OWNER	05/05/05		06/24/05		F-30/360		CA05N4001		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
A-1B	06/27/05		07/24/05		A-Act/360		144531CE8		212,761,000.00		1,000.000000		2.694518		0.000000		2.694518	1,000.000000
Page 2 of 6
A-1C	06/27/05		07/24/05		A-Act/360		144531CF5		211,963,100.00		1,000.000000		2.756740		0.000000		2.756740	1,000.000000
Carrington NIM Trust 2005-OPT2
A-1D	06/27/05		07/24/05		A-Act/360		144531CG3		99,606,500.00		1,000.000000		2.834518		0.000000		2.834518	1,000.000000
A-2	06/27/05		07/24/05		A-Act/360		144531CH1		100,000,000.00		1,000.000000		2.748962		0.000000		2.748962	1,000.000000
M-1	06/27/05		07/24/05		A-Act/360		144531CJ7		87,824,700.00		1,000.000000		2.904518		0.000000		2.904518	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		144531CK4		48,378,000.00		1,000.000000		2.927851		0.000000		2.927851	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		144531CL2		28,282,500.00		1,000.000000		3.060073		0.000000		3.060073	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		144531CM0		26,794,000.00		1,000.000000		3.083407		0.000000		3.083407	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		144531CN8		24,561,100.00		1,000.000000		3.122295		0.000000		3.122295	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		144531CP3		22,328,300.00		1,000.000000		3.511184		0.000000		3.511184	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		144531CQ1		20,095,500.00		1,000.000000		3.627851		0.000000		3.627851	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		144531CR9		14,379,800.00		1,000.000000		3.900073		0.000000		3.900073	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		144531CS7		25,067,000.00		1,000.000000		4.133406		0.000000		4.133406	1,000.000000
CE	06/01/05		06/30/05		A-30/360		CA05O2001		40,191,359.68		999.989038		112.201561		0.000000		112.201561	999.989038
R	06/01/05		06/30/05		A-30/360		CA05O2003		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
P	06/01/05		06/30/05		F-30/360		CA05O2002		100.00		1,000.000000		3,881,441.300000		0.000000		3,881,441.300000	1,000.000000
Page 2 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
June 27, 2005 Distribution
July 25, 2005 Distribution
Distribution to Date -
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)
NOTE	75,000,000.00		572,916.67		0.00		0.00		1,188,671.95		1,761,588.62		0.00		0.00		73,811,328.05
A-1A	526,319,600.00		3,776,281.39		62,884,002.40		1,834,492.27		64,718,494.67		68,494,776.06		0.00		0.00		461,601,105.33
OWNER	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1B	212,761,000.00		1,588,158.27		0.00		0.00		0.00		1,588,158.27		0.00		0.00		212,761,000.00
Total	75,000,000.00		572,916.67				1,188,671.95		1,761,588.62		0.00		0.00		73,811,328.05
A-1C	211,963,100.00		1,620,355.69		0.00		0.00		0.00		1,620,355.69		0.00		0.00		211,963,100.00
Interest Detail -
A-1D	99,606,500.00		783,855.13		0.00		0.00		0.00		783,855.13		0.00		0.00		99,606,500.00
A-2	100,000,000.00		762,201.78		0.00		0.00		0.00		762,201.78		0.00		0.00		100,000,000.00
M-1	87,824,700.00		708,922.54		0.00		0.00		0.00		708,922.54		0.00		0.00		87,824,700.00
M-2	48,378,000.00		393,773.59		0.00		0.00		0.00		393,773.59		0.00		0.00		48,378,000.00
M-3	28,282,500.00		241,023.96		0.00		0.00		0.00		241,023.96		0.00		0.00		28,282,500.00
M-4	26,794,000.00		230,147.54		0.00		0.00		0.00		230,147.54		0.00		0.00		26,794,000.00
M-5	24,561,100.00		213,731.13		0.00		0.00		0.00		213,731.13		0.00		0.00		24,561,100.00
M-6	22,328,300.00		219,420.60		0.00		0.00		0.00		219,420.60		0.00		0.00		22,328,300.00
M-7	20,095,500.00		204,261.06		0.00		0.00		0.00		204,261.06		0.00		0.00		20,095,500.00
M-8	14,379,800.00		157,487.82		0.00		0.00		0.00		157,487.82		0.00		0.00		14,379,800.00
M-9	25,067,000.00		291,454.45		0.00		0.00		0.00		291,454.45		0.00		0.00		25,067,000.00
CE	40,191,359.68		5,961,710.44		427.33		13.24		440.57		5,962,151.01		0.00		0.00		40,190,919.11
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	100.00		697,115.01		0.00		0.00		0.00		697,115.01		0.00		0.00		100.00
Total	1,488,552,559.68		17,849,900.40		62,884,429.73		1,834,505.51		64,718,935.24		82,568,835.64		0.00		0.00		1,423,833,624.44
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)
NOTE	5.50000%		75,000,000.00		572,916.67		0.00		0.00		0.00		572,916.67		572,916.67		0.00
A-1A	3.40438%		495,582,419.57		1,312,228.46		0.00		0.00		0.00		1,312,228.46		1,312,228.46		0.00
OWNER	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
A-1B	3.46438%		212,761,000.00		573,288.30		0.00		0.00		0.00		573,288.30		573,288.30		0.00
Total			75,000,000.00		572,916.67		0.00		0.00		0.00		572,916.67		572,916.67		0.00
A-1C	3.54438%		211,963,100.00		584,327.16		0.00		0.00		0.00		584,327.16		584,327.16		0.00
Page 3 of 6
A-1D	3.64438%		99,606,500.00		282,336.40		0.00		0.00		0.00		282,336.40		282,336.40		0.00
Carrington NIM Trust 2005-OPT2
A-2	3.53438%		100,000,000.00		274,896.22		0.00		0.00		0.00		274,896.22		274,896.22		0.00
M-1	3.73438%		87,824,700.00		255,088.40		0.00		0.00		0.00		255,088.40		255,088.40		0.00
M-2	3.76438%		48,378,000.00		141,643.58		0.00		0.00		0.00		141,643.58		141,643.58		0.00
M-3	3.93438%		28,282,500.00		86,546.52		0.00		0.00		0.00		86,546.52		86,546.52		0.00
M-4	3.96438%		26,794,000.00		82,616.80		0.00		0.00		0.00		82,616.80		82,616.80		0.00
M-5	4.01438%		24,561,100.00		76,687.01		0.00		0.00		0.00		76,687.01		76,687.01		0.00
M-6	4.51438%		22,328,300.00		78,398.78		0.00		0.00		0.00		78,398.78		78,398.78		0.00
M-7	4.66438%		20,095,500.00		72,903.48		0.00		0.00		0.00		72,903.48		72,903.48		0.00
M-8	5.01438%		14,379,800.00		56,082.27		0.00		0.00		0.00		56,082.27		56,082.27		0.00
M-9	5.31438%		25,067,000.00		103,612.10		0.00		0.00		0.00		103,612.10		103,612.10		0.00
CE	0.00000%		40,190,919.11		0.00		0.00		0.00		0.00		0.00		4,509,533.29		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		388,144.13		0.00
Total			1,457,814,938.68		3,980,655.48		0.00		0.00		0.00		3,980,655.48		8,878,332.90		0.00
Page 3 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
June 27, 2005 Distribution
July 25, 2005 Distribution
Collection Account Report
SUMMARY
														Total
										Group 2		Group 1		Total
Principal Collections												33,981,314.24		~~440~~33,981,314.5724
TOTAL NET PRINCIPAL														440.57
Principal Withrawals												0.00		0.00
Interest Collections														1,761,148.05
Principal Other Accounts												0.00		0.00
Interest Other Accounts														0.00
TOTAL NET PRINCIPAL												33,981,314.24		33,981,314.24
Interest Fees														-0.00
Interest Collections												8,763,526.32		8,763,526.32
Interest Withdrawals												-0.00		-0.00
TOTAL NET INTEREST														1,761,148.05
Interest Other Accounts												388,144.13		388,144.13
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														1,761,588.62
Interest Fees												-273,337.55		-273,337.55
TOTAL NET INTEREST												8,878,332.90		8,878,332.90
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION												42,859,647.14		42,859,647.14
PRINCIPAL - COLLECTIONS
															Total
											Group 2		Group 1		Total
Principal Received on CA05O2 Class CE															440.57
Scheduled Principal Received													911,005.06		911,005.06
TOTAL PRINCIPAL COLLECTED															440.57
Prepayments In Full													32,959,335.16		32,959,335.16
Curtailments													110,974.02		110,974.02
Liquidations													0.00		0.00
Insurance Principal													0.00		0.00
Repurchased Principal Amounts													0.00		0.00
Other Principal													0.00		0.00
Total Realized Loss Of Principal													-0.00		-0.00
Delinquent Principal													-241,011.36		-241,011.36
Advanced Principal													241,011.36		241,011.36
TOTAL PRINCIPAL COLLECTED													33,981,314.24		33,981,314.24
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
										Group 2		Group 1		Total
Page 4 of 6
TOTAL OTHER ACCOUNTS PRINCIPAL												0.00		0.00
Carrington NIM Trust 2005-OPT2
Page 4 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
June 27, 2005 Distribution
July 25, 2005 Distribution
INTEREST - COLLECTIONS
														Total
										Group 2		Group 1		Total
Interest Received on CA05O2 Class CE														1,452,177.17
Scheduled Interest												8,860,109.31		8,860,109.31
Prepayment Premiums for CA05O2 Class P														308,970.88
Liquidation Interest												0.00		0.00
TOTAL INTEREST COLLECTED														1,761,148.05
Repurchased Interest												0.00		0.00
Insurance Interest												0.00		0.00
Other Interest												0.00		0.00
Relief Act Interest Shortfalls												-0.00		-0.00
Prepayment Interest Shortfalls												-26,031.29		-26,031.29
Compensating Interest												26,031.29		26,031.29
Delinquent Interest												-2,452,117.53		-2,452,117.53
Interest Advanced												2,355,534.54		2,355,534.54
TOTAL INTEREST COLLECTED												8,763,526.32		8,763,526.32
INTEREST - WITHDRAWALS
														Total
										Group 2		Group 1		Total
Interest Reserve Account Deposit														-0.00
Nonrecoverable Advances														0.00
TOTAL INTEREST WITHDRAWALS												0.00		-0.00
INTEREST - OTHER ACCOUNTS
														Total
										Group 2		Group 1		Total
Interest Reserve Account Excess														0.00
Prepayment Charges														388,144.13
Amounts from Yield Maintenance Agreement														0.00
TOTAL INTEREST OTHER ACCOUNTS												388,144.13		388,144.13
TOTAL INTEREST OTHER ACCOUNTS														0.00
INTEREST - FEES
														Total
										Group 2		Group 1		Total
Tax Fees														0.00
Current Servicing Fees												267,870.74		267,870.74
Governmental Fees														0.00
Current Trustee Fees												5,466.81		5,466.81
Extraordinary Expenses														0.00
TOTAL INTEREST OTHER FEES												273,337.55		273,337.55
TOTAL INTEREST FEES														0.00
Page 5 of 25
Page 5 of 6
Carrington Mortgage Loan Trust 2005-OPT2
Carrington NIM Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
June 27, 2005 Distribution
July 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
														Total
RESERVE
Beginning Interest Reserve Account Balance														0.00
Net Wac Carryover Reserve Account Deposit						0.00
Required Reserve Fund Deposit														0.00
Releases						0.00
Interest Shortfall Withdrawal Amounts														0.00
Withdrawals						0.00
Ending Interest Reserve Account Balance														0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Begining Overcollateralization Amount														40,190,919.11
Ending Overcollateralized Amount														40,190,919.11
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														40,190,919.11
Page 6 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original												7,717		7,717
Prior												7,583		7,583
Prefunding												0		0
Scheduled Paid Offs												-0		-0
Full Voluntary Prepayments												-135		-135
Repurchases												-0		-0
Liquidations												-0		-0
Current												7,448		7,448
Principal Balance:
Original												1,488,552,559.63		1,488,552,559.63
Prior												1,457,814,938.68		1,457,814,938.68
Prefunding												0.00		0.00
Scheduled Principal												-911,005.06		-911,005.06
Partial Prepayments												-110,974.02		-110,974.02
Full Voluntary Prepayments												-32,959,335.16		-32,959,335.16
Repurchases												-0.00		-0.00
Liquidations												-0.00		-0.00
Current												1,423,833,624.44		1,423,833,624.44
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 6 of 6
Page 7 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original												7.28787%		7.28787%
Weighted Average Coupon Prior												7.28787%		7.28787%
Weighted Average Coupon Current												7.27965%		7.27965%
Weighted Average Months to Maturity Original												355		355
Weighted Average Months to Maturity Prior												355		355
Weighted Average Months to Maturity Current												354		354
Weighted Avg Remaining Amortization Term Original												355		355
Weighted Avg Remaining Amortization Term Prior												355		355
Weighted Avg Remaining Amortization Term Current												354		354
Weighted Average Seasoning Original												3.17		3.17
Weighted Average Seasoning Prior												3.17		3.17
Weighted Average Seasoning Current												4.17		4.17
Page 8 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original												5.33133%		5.33133%
Weighted Average Margin Prior												5.33133%		5.33133%
Weighted Average Margin Current												5.32544%		5.32544%
Weighted Average Max Rate Original												13.26931%		13.26931%
Weighted Average Max Rate Prior												13.26931%		13.26931%
Weighted Average Max Rate Current												13.26086%		13.26086%
Weighted Average Min Rate Original												7.25868%		7.25868%
Weighted Average Min Rate Prior												7.25868%		7.25868%
Weighted Average Min Rate Current												7.25067%		7.25067%
Weighted Average Cap Up Original												1.00620%		1.00620%
Weighted Average Cap Up Prior												1.00620%		1.00620%
Weighted Average Cap Up Current												1.00596%		1.00596%
Weighted Average Cap Down Original												1.00620%		1.00620%
Weighted Average Cap Down Prior												1.00620%		1.00620%
Weighted Average Cap Down Current												1.00596%		1.00596%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees												267,870.74		267,870.74
Delinquent Servicing Fees												96,582.99		96,582.99
TOTAL SERVICING FEES												364,453.74		364,453.74
Compensating Interest												-26,031.29		-26,031.29
Delinquent Servicing Fees												-96,582.99		-96,582.99
COLLECTED SERVICING FEES												241,839.46		241,839.46
Aggregate Advances with respect to this Distribution												2,596,545.90		2,596,545.90
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall												0.00		0.00
Libor For Current Period														3.3144%
Page 9 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				2,428,308.75		343,942.56		0.00		2,772,251.31
			% Balance				0.17%		0.02%		0.00%		0.19%
			# Loans				12		2		0		14
			% # Loans				0.16%		0.03%		0.00%		0.19%
	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		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%
	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		2,428,308.75		343,942.56		0.00		2,772,251.31
			% Balance		0.00%		0.17%		0.02%		0.00%		0.19%
			# Loans		0		12		2		0		14
			% # Loans		0.00%		0.16%		0.03%		0.00%		0.19%
Page 10 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
TOTAL
Page 11 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &
														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
TOTAL
Page 12 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans												135		135
Number of Repurchased Loans												0		0
Total Number of Loans Prepaid in Full												135		135
Curtailments Amount												110,974.02		110,974.02
Paid in Full Balance												32,959,335.16		32,959,335.16
Repurchased Loans Balance												0.00		0.00
Total Prepayment Amount												33,070,309.18		33,070,309.18
Cumulative
Number of Paid in Full Loans												269		269
Number of Repurchased Loans												0		0
Total Number of Loans Prepaid in Full												269		269
Paid in Full Balance												62,596,250.37		62,596,250.37
Repurchased Loans Balance												0.00		0.00
Curtailments Amount												288,179.31		288,179.31
Total Prepayment Amount												62,884,429.68		62,884,429.68
Page 13 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM												2.27%		2.27%
3 Months Avg SMM												2.14%		2.14%
12 Months Avg SMM												2.14%		2.14%
Avg SMM Since Cut-off												2.14%		2.14%
CPR												24.08%		24.08%
3 Months Avg CPR												22.84%		22.84%
12 Months Avg CPR												22.84%		22.84%
Avg CPR Since Cut-off												22.84%		22.84%
PSA												2,887.28%		2,887.28%
3 Months Avg PSA Approximation												3,109.22%		3,109.22%
12 Months Avg PSA Approximation												3,109.22%		3,109.22%
Avg PSA Since Cut-off Approximation												3,109.22%		3,109.22%
Page 14 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
Page 15 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 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
11073412 1			240,000.00		239,406.36			23-Jun-2005		7.000%		CA - 53.93%		Paid Off - 360		01-Apr-2005
11073650 1			283,000.00		282,174.55			13-Jul-2005		6.150%		CA - 58.96%		Paid Off - 360		01-Apr-2005
11073852 1			465,000.00		464,999.98			24-Jun-2005		7.750%		CA - 89.42%		Paid Off - 360		01-Apr-2005
11073918 1			690,000.00		690,000.00			22-Jun-2005		7.400%		CA - 75.00%		Paid Off - 360		01-Apr-2005
21061089 1			108,000.00		108,000.00			29-Jun-2005		5.100%		CA - 80.00%		Paid Off - 360		01-Mar-2005
21062488 1			178,500.00		177,922.05			30-Jun-2005		6.600%		CA - 70.00%		Paid Off - 360		01-Apr-2005
21062627 1			300,000.00		299,157.64			16-Jun-2005		6.350%		CA - 61.86%		Paid Off - 360		01-Apr-2005
31031367 1			264,000.00		263,516.81			28-Jun-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
31032193 1			225,000.00		224,139.36			22-Jun-2005		6.250%		CA - 75.00%		Paid Off - 360		01-Mar-2005
31032218 1			292,500.00		291,753.47			24-Jun-2005		6.840%		CA - 84.78%		Paid Off - 360		01-Apr-2005
31032437 1			294,500.00		293,799.73			27-Jun-2005		7.200%		CA - 95.00%		Paid Off - 360		01-Apr-2005
31032585 1			351,000.00		349,977.49			07-Jul-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Apr-2005
31032641 1			58,500.00		58,414.81			24-Jun-2005		9.600%		CA - 12.85%		Paid Off - 360		01-Apr-2005
31032672 1			585,000.00		585,000.00			13-Jul-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Apr-2005
31032784 1			349,999.00		349,174.95			01-Jul-2005		7.250%		CA - 77.78%		Paid Off - 360		01-Apr-2005
41064294 1			175,500.00		175,203.58			29-Jun-2005		8.890%		IL - 90.00%		Paid Off - 360		01-Apr-2005
41064466 1			400,000.00		398,981.09			07-Jul-2005		6.850%		IL - 64.36%		Paid Off - 360		01-Apr-2005
41064660 1			369,000.00		368,148.26			28-Jun-2005		7.350%		IL - 90.00%		Paid Off - 360		01-Apr-2005
41064685 1			149,150.00		148,780.36			23-Jun-2005		6.990%		IL - 95.00%		Paid Off - 360		01-Apr-2005
41064996 1			137,600.00		137,279.21			05-Jul-2005		7.300%		IL - 80.00%		Paid Off - 360		01-Apr-2005
41065031 1			75,400.00		75,327.01			12-Jul-2005		11.500%		MO - 65.00%		Paid Off - 360		01-Apr-2005
51055906 1			196,000.00		195,644.92			07-Jul-2005		8.550%		GA - 80.00%		Paid Off - 360		01-Apr-2005
51055925 1			140,000.00		139,710.52			13-Jul-2005		7.900%		GA - 80.00%		Paid Off - 360		01-Apr-2005
51055984 1			448,000.00		448,000.00			20-Jun-2005		6.990%		GA - 80.00%		Paid Off - 360		01-Apr-2005
61056949 1			80,750.00		80,454.01			05-Jul-2005		9.150%		OH - 95.00%		Paid Off - 360		01-Apr-2005
71064534 1			128,000.00		128,000.00			01-Jul-2005		6.050%		FL - 80.00%		Paid Off - 360		01-Mar-2005
71065098 1			72,000.00		71,896.52			20-Jun-2005		9.850%		FL - 19.83%		Paid Off - 360		01-May-2005
81053262 1			80,925.00		80,696.58			05-Jul-2005		7.800%		VA - 65.00%		Paid Off - 360		01-Mar-2005
81053840 1			210,000.00		209,552.46			24-Jun-2005		7.750%		MD - 70.00%		Paid Off - 360		01-Apr-2005
81054561 1			297,000.00		296,451.04			07-Jul-2005		6.400%		VA - 81.37%		Paid Off - 360		01-May-2005
91030761 1			212,000.00		211,465.25			07-Jul-2005		6.900%		IL - 80.00%		Paid Off - 360		01-Apr-2005
101045792 1			567,000.00		565,754.61			27-Jun-2005		7.600%		FL - 90.00%		Paid Off - 360		01-Apr-2005
121037685 1			157,250.00		156,860.29			01-Jul-2005		6.990%		WI - 85.00%		Paid Off - 360		01-Apr-2005
131029926 1			118,400.00		118,115.68			13-Jul-2005		7.150%		OH - 80.00%		Paid Off - 360		01-Apr-2005
131030445 1			166,400.00		166,033.85			22-Jun-2005		7.590%		OH - 80.00%		Paid Off - 360		01-Apr-2005
141044489 1			165,750.00		165,238.32			07-Jul-2005		7.350%		NJ - 87.70%		Paid Off - 360		01-Mar-2005
141044876 1			125,000.00		124,585.75			01-Jul-2005		6.990%		NY - 55.56%		Paid Off - 360		01-Mar-2005
Page 16 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 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
141044926 1			403,750.00		402,818.06			24-Jun-2005		7.350%		NY - 85.00%		Paid Off - 360		01-Apr-2005
141045281 1			152,000.00		151,623.29			30-Jun-2005		6.990%		NY - 80.00%		Paid Off - 360		01-Apr-2005
161039227 1			327,000.00		325,781.87			16-Jun-2005		6.388%		MA - 71.09%		Paid Off - 360		01-Mar-2005
171024381 1			226,341.00		226,341.00			17-Jun-2005		8.650%		AZ - 95.00%		Paid Off - 360		01-Apr-2005
211026683 1			211,500.00		210,971.70			07-Jul-2005		6.950%		VA - 90.00%		Paid Off - 360		01-Apr-2005
211026714 1			162,000.00		161,647.79			22-Jun-2005		7.650%		MD - 79.02%		Paid Off - 360		01-Apr-2005
211027114 1			128,000.00		127,762.96			23-Jun-2005		8.450%		GA - 80.00%		Paid Off - 360		01-Apr-2005
231060769 1			63,000.00		62,893.80			14-Jul-2005		8.900%		NJ - 70.00%		Paid Off - 360		01-Apr-2005
231061166 1			101,745.00		101,474.72			23-Jun-2005		8.100%		NJ - 95.00%		Paid Off - 360		#######
231061816 1			255,000.00		254,422.99			30-Jun-2005		7.450%		NJ - 75.00%		Paid Off - 360		01-Apr-2005
231062019 1			362,250.00		361,380.08			27-Jun-2005		7.150%		MA - 75.00%		Paid Off - 360		01-Apr-2005
231062036 1			516,000.00		516,000.00			20-Jun-2005		6.200%		MA - 80.00%		Paid Off - 360		01-Apr-2005
231062300 1			310,250.00		309,607.19			28-Jun-2005		7.890%		MA - 85.00%		Paid Off - 360		01-Apr-2005
231062317 1			263,500.00		262,885.71			12-Jul-2005		7.300%		NJ - 85.00%		Paid Off - 360		01-Apr-2005
231062406 1			140,000.00		139,667.11			28-Jun-2005		7.200%		MA - 80.00%		Paid Off - 360		01-Apr-2005
231062596 1			340,000.00		339,309.63			07-Jul-2005		7.990%		MA - 79.81%		Paid Off - 360		01-Apr-2005
231062836 1			162,998.00		162,726.08			13-Jul-2005		8.950%		RI - 72.44%		Paid Off - 360		01-Apr-2005
231063106 1			228,000.00		228,000.00			07-Jul-2005		5.650%		NJ - 80.00%		Paid Off - 360		01-Apr-2005
231063365 1			685,600.00		683,784.15			08-Jul-2005		6.650%		MA - 80.00%		Paid Off - 360		01-Apr-2005
251035692 1			454,750.00		454,209.40			11-Jul-2005		7.600%		HI - 85.00%		Paid Off - 360		01-May-2005
261050649 1			148,000.00		147,654.99			30-Jun-2005		7.300%		FL - 80.00%		Paid Off - 360		01-Apr-2005
261050826 1			128,700.00		128,378.47			13-Jul-2005		10.300%		FL - 82.50%		Paid Off - 360		01-Apr-2005
271019572 1			188,000.00		187,516.41			06-Jul-2005		6.800%		MA - 60.65%		Paid Off - 360		01-Apr-2005
271020208 1			106,400.00		106,240.07			17-Jun-2005		9.450%		ME - 95.00%		Paid Off - 360		01-Apr-2005
311026623 1			320,000.00		319,200.70			23-Jun-2005		6.950%		NJ - 58.18%		Paid Off - 360		01-Apr-2005
321023670 1			372,000.00		372,000.00			07-Jul-2005		7.650%		CO - 80.00%		Paid Off - 360		01-Mar-2005
321024035 1			145,350.00		145,014.50			14-Jul-2005		7.350%		UT - 95.00%		Paid Off - 360		01-Apr-2005
321024455 1			136,350.00		136,050.57			17-Jun-2005		7.600%		UT - 90.00%		Paid Off - 360		01-Apr-2005
331033770 1			370,000.00		368,543.55			06-Jul-2005		6.100%		NJ - 71.15%		Paid Off - 360		01-Mar-2005
331033859 1			380,000.00		379,069.36			17-Jun-2005		8.500%		NY - 54.29%		Paid Off - 360		01-Mar-2005
331033860 1			201,000.00		200,612.22			30-Jun-2005		9.650%		NY - 42.77%		Paid Off - 360		01-Mar-2005
331034260 1			173,000.00		172,528.26			29-Jun-2005		6.500%		NY - 60.70%		Paid Off - 360		01-Apr-2005
331034488 1			193,000.00		192,521.68			27-Jun-2005		6.990%		NY - 53.61%		Paid Off - 360		01-Apr-2005
331034804 1			240,000.00		239,394.50			14-Jul-2005		5.990%		NY - 69.57%		Paid Off - 360		01-May-2005
341022814 1			63,900.00		63,794.30			30-Jun-2005		8.990%		NC - 90.00%		Paid Off - 360		01-Apr-2005
341022856 1			504,000.00		502,741.07			21-Jun-2005		6.950%		SC - 80.00%		Paid Off - 360		01-Apr-2005
371024057 1			76,000.00		75,829.74			30-Jun-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Apr-2005
381019213 1			176,250.00		175,913.52			14-Jul-2005		9.700%		RI - 75.00%		Paid Off - 360		01-Mar-2005
Page 17 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 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
381019479 1			180,000.00		179,553.89			21-Jun-2005		6.990%		RI - 80.00%		Paid Off - 360		01-Apr-2005
381019795 1			180,000.00		179,635.23			22-Jun-2005		8.000%		RI - 69.23%		Paid Off - 360		01-Apr-2005
381019914 1			220,500.00		219,943.82			23-Jun-2005		6.900%		FL - 90.00%		Paid Off - 360		01-Apr-2005
381019987 1			135,000.00		134,786.21			20-Jun-2005		9.200%		RI - 43.41%		Paid Off - 360		01-Apr-2005
391011169 1			55,650.00		55,605.58			01-Jul-2005		10.500%		AL - 79.50%		Paid Off - 360		01-May-2005
401000166 1			370,000.00		370,000.00			23-Jun-2005		6.250%		MD - 81.32%		Paid Off - 360		01-Apr-2005
401000168 1			209,950.00		209,537.29			07-Jul-2005		8.150%		IL - 95.00%		Paid Off - 360		01-Apr-2005
511033471 1			274,000.00		273,234.44			22-Jun-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Mar-2005
511033478 1			228,000.00		227,999.46			05-Jul-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Mar-2005
521023072 1			67,920.00		67,795.67			13-Jul-2005		8.500%		IN - 80.00%		Paid Off - 360		01-Apr-2005
521023508 1			200,000.00		199,705.64			27-Jun-2005		9.550%		IL - 80.00%		Paid Off - 360		01-Apr-2005
561001252 1			158,365.00		157,870.59			20-Jun-2005		8.100%		FL - 95.00%		Paid Off - 360		01-Mar-2005
561001754 1			198,000.00		197,689.67			07-Jul-2005		9.250%		FL - 80.00%		Paid Off - 360		01-Apr-2005
561001804 1			158,464.00		158,307.16			22-Jun-2005		9.490%		FL - 80.00%		Paid Off - 360		01-May-2005
621005616 1			215,910.00		215,122.88			06-Jul-2005		6.500%		FL - 90.00%		Paid Off - 360		01-Mar-2005
631005554 1			82,500.00		81,246.35			21-Jun-2005		4.890%		AZ - 75.00%		Paid Off - 180		01-Mar-2005
631006178 1			193,000.00		192,572.97			20-Jun-2005		7.600%		CA - 86.55%		Paid Off - 360		01-Apr-2005
631006239 1			238,000.00		238,000.00			12-Jul-2005		7.350%		CA - 70.00%		Paid Off - 360		01-Apr-2005
631006308 1			276,250.00		275,618.64			08-Jul-2005		7.400%		CA - 85.00%		Paid Off - 360		01-Apr-2005
631006312 1			240,000.00		240,000.00			17-Jun-2005		4.990%		CA - 60.00%		Paid Off - 360		01-Apr-2005
651008370 1			780,000.00		778,777.51			28-Jun-2005		9.250%		FL - 53.79%		Paid Off - 360		01-Apr-2005
651008404 1			158,100.00		157,825.13			30-Jun-2005		8.750%		FL - 85.00%		Paid Off - 360		01-Apr-2005
661004501 1			102,500.00		102,147.47			06-Jul-2005		6.800%		CA - 39.42%		Paid Off - 360		01-Mar-2005
661004932 1			229,500.00		228,964.96			13-Jul-2005		7.300%		CA - 90.00%		Paid Off - 360		01-Apr-2005
661005053 1			100,000.00		99,719.30			07-Jul-2005		6.350%		CA - 58.82%		Paid Off - 360		01-Apr-2005
661005368 1			315,000.00		314,258.34			30-Jun-2005		7.250%		CA - 79.75%		Paid Off - 360		01-Apr-2005
661005579 1			50,000.00		49,960.09			14-Jul-2005		10.500%		CA - 10.84%		Paid Off - 360		01-May-2005
671002522 1			302,250.00		301,790.36			08-Jul-2005		9.400%		CA - 65.00%		Paid Off - 360		01-Apr-2005
671002692 1			225,000.00		224,414.91			28-Jun-2005		6.750%		CA - 40.54%		Paid Off - 360		01-Apr-2005
681003985 1			226,800.00		226,138.10			05-Jul-2005		6.500%		MA - 80.00%		Paid Off - 360		01-Apr-2005
681004247 1			134,100.00		133,846.38			16-Jun-2005		8.340%		ME - 90.00%		Paid Off - 360		01-Apr-2005
681004444 1			270,000.00		269,367.43			17-Jun-2005		7.275%		VT - 86.54%		Paid Off - 360		01-Apr-2005
681004767 1			300,000.00		299,307.51			05-Jul-2005		7.350%		MA - 64.66%		Paid Off - 360		01-Apr-2005
691002379 1			555,314.35		553,237.98			15-Jul-2005		6.900%		MD - 85.00%		Paid Off - 360		01-Mar-2005
691002647 1			196,800.00		196,481.76			29-Jun-2005		9.100%		MD - 80.00%		Paid Off - 360		01-Apr-2005
691002781 1			170,000.00		169,514.07			29-Jun-2005		7.450%		MD - 50.00%		Paid Off - 360		01-Apr-2005
711005586 1			143,650.00		143,433.09			29-Jun-2005		10.800%		MA - 85.00%		Paid Off - 360		01-Mar-2005
721006233 1			620,000.00		620,000.00			24-Jun-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Apr-2005
Page 18 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 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
731009241 1			94,000.00		93,794.58			07-Jul-2005		7.625%		MD - 87.04%		Paid Off - 360		01-Apr-2005
731009250 1			156,600.00		156,193.25			05-Jul-2005		6.750%		VA - 90.00%		Paid Off - 360		01-Apr-2005
731009317 1			277,950.00		277,629.81			27-Jun-2005		10.700%		MD - 85.00%		Paid Off - 360		01-Apr-2005
761007717 1			165,750.00		165,422.85			30-Jun-2005		8.130%		IL - 85.00%		Paid Off - 360		01-Apr-2005
761007774 1			135,500.00		135,216.93			20-Jun-2005		7.850%		IL - 69.49%		Paid Off - 360		01-Apr-2005
781002044 1			266,000.00		262,760.72			12-Jul-2005		7.750%		NY - 95.00%		Paid Off - 360		01-Mar-2005
781002403 1			327,000.00		325,856.89			29-Jun-2005		5.650%		NJ - 78.80%		Paid Off - 360		01-Apr-2005
831035770 1			150,000.00		149,768.72			05-Jul-2005		11.750%		CA - 19.86%		Paid Off - 360		01-Feb-2005
831035775 1			600,000.00		600,000.00			05-Jul-2005		6.750%		CA - 79.47%		Paid Off - 360		01-Feb-2005
831035778 1			211,400.00		210,628.78			20-Jun-2005		7.650%		CA - 70.00%		Paid Off - 360		01-Feb-2005
831035806 1			437,000.00		437,000.00			30-Jun-2005		7.250%		CA - 95.00%		Paid Off - 360		01-Feb-2005
831035815 1			253,500.00		252,803.95			24-Jun-2005		9.050%		CA - 65.00%		Paid Off - 360		01-Feb-2005
831035842 1			380,000.00		378,675.18			07-Jul-2005		7.875%		ME - 80.00%		Paid Off - 360		01-Feb-2005
831036046 1			549,000.00		549,000.00			08-Jul-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Feb-2005
831036069 1			317,900.00		316,529.37			24-Jun-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Feb-2005
831036087 1			310,250.00		309,296.85			20-Jun-2005		8.500%		CA - 85.00%		Paid Off - 360		01-Feb-2005
831036104 1			222,750.00		222,749.50			17-Jun-2005		6.000%		CA - 75.51%		Paid Off - 360		01-Feb-2005
831036924 1			200,000.00		199,318.62			29-Jun-2005		7.990%		NY - 51.95%		Paid Off - 360		01-Feb-2005
841003637 1			55,000.00		54,778.42			30-Jun-2005		7.550%		MI - 47.83%		Paid Off - 360		01-Apr-2005
841003795 1			94,500.00		94,334.01			06-Jul-2005		8.700%		MI - 90.00%		Paid Off - 360		01-Apr-2005
851000445 1			112,000.00		111,738.90			22-Jun-2005		7.300%		NJ - 80.00%		Paid Off - 360		01-Apr-2005
851000525 1			376,500.00		376,500.00			13-Jul-2005		6.990%		NJ - 84.99%		Paid Off - 360		01-Apr-2005
TOTAL			33,024,881.35		32,959,335.16
Page 19 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated												0		0
Collateral Principal Realized Loss/(Gain) Amount												0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount												0.00		0.00
Net Liquidation Proceeds												0.00		0.00
Cumulative
Number of Loans Liquidated												0		0
Collateral Realized Loss/(Gain) Amount												0.00		0.00
Net Liquidation Proceeds												0.00		0.00
Page 20 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
DEFAULT SPEEDS
											Group 2		Group 1		Total
MDR												0.00%		0.00%
3 Months Avg MDR												0.00%		0.00%
12 Months Avg MDR												0.00%		0.00%
Avg MDR Since Cut-off												0.00%		0.00%
CDR												0.00%		0.00%
3 Months Avg CDR												0.00%		0.00%
12 Months Avg CDR												0.00%		0.00%
Avg CDR Since Cut-off												0.00%		0.00%
SDA												0.00%		0.00%
3 Months Avg SDA Approximation												0.00%		0.00%
12 Months Avg SDA Approximation												0.00%		0.00%
Avg SDA Since Cut-off Approximation												0.00%		0.00%
Loss Severity Approximation for Current Period												0.00%		0.00%
3 Months Avg Loss Severity Approximation												0.00%		0.00%
12 Months Avg Loss Severity Approximation												0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off												0.00%		0.00%
Page 21 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 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 22 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 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 23 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Credit Enhancement Percentage								23.7300%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 24 of 25
Carrington Mortgage Loan Trust 2005-OPT2
Mortgage Pass-Through Certificates
2005-OPT2
July 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
										Next Pass Through Rate
CLASS
			REMIC1							0.04%
			R-I							0.04%
			A-1C							0.04%
			A-1D							0.04%
			A-2							0.04%
			M-1							0.04%
			M-2							0.04%
			M-3							0.04%
			M-4							0.04%
			M-5							0.04%
			M-6							0.05%
			M-7							0.05%
			M-8							0.05%
			M-9							0.05%
			CE							0.00%
			R							0.00%
			P							0.00%
Page 25 of 25

Filing Compare · CARRINGTON MORTGAGE LOAN TRUST INC SERIES 2005-OPT2