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): ~~July~~August 25, 2005 (Date of earliest event reported) ~~Bear~~Citigroup ~~Stearns~~Mortgage ~~Asset~~Loan ~~Backed~~Trust ~~Securities~~Inc ~~I LLC~~ (as Depositor under the Pooling and Servicing Agreement, dated as ~~May~~February 1, 2005, providing for the issuance of Carrington Mortgage Loan Trust Series 2005-~~NC2~~NC1 Asset Backed Pass- through Certificates, Series 2005-~~NC2~~NC1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-~~113636~~117349-3409 2001-~~0842986~~0791848 (Commission File Number) (I.R.S. Employer Identification No.) ~~383~~390 ~~Madison~~Greenwich ~~Avenue~~Street NEW YORK, NEW YORK ~~10179~~10013 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) ~~272~~816-~~2000~~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 ~~July~~August 25, 2005. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Deutsche Bank National Trust Company, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of ~~Bear~~Citigroup ~~Stearns~~Mortgage ~~Asset~~Loan ~~Backed~~Trust ~~Securities I LLC~~Inc., Registrant Date: ~~Jul~~Aug 2526, 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 ~~July~~August 25, 2005.

Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Stanwich Asset A. Comp.
				Citigroup Mrtg. Loan Trust
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11
				FDIC						7. Foreclosure Report					12
										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										10. Realized Loss Report					1820
										11. Realized Loss Detail Report					2123
				Servicer(s)
										12. Triggers and Adj. Cert. Report					2224
				New Century Mortgage Corporation
										13. Additional Certificate Report					2325
				Underwriter(s)
				Bear Stearns & Co.
				Citigroup
										Total Number of Pages					2325
				Dates						Contacts
				Cut-Off Date:			~~May~~February 01, 2005			Brent Hoyler
				Close Date:			~~May~~February 0403, 2005			Administrator
				First Distribution Date:			~~June~~March 2725, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~July~~August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~June~~July 3029, 2005
										Main Phone Number:			(714) 247-6000
							July 22, 2005
							August 24, 2005
										https://www.tss.db.com/invr
Page 1 of 23
Page 1 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
Current Period Distribution -
					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)
A-1	FLT, SR	$	259,222,569.00		244,781,790.11		655,761.17		16,125,042.73		16,780,803.90		0.00		0.00		228,656,747.38
A-1A	FLT, SR	$	338,891,000.00		270,167,695.45		835,193.41		29,675,092.75		30,510,286.16		0.00		0.00		240,492,602.70
A-2	FLT, SR	$	250,452,000.00		250,452,000.00		692,379.01		0.00		692,379.01		0.00		0.00		250,452,000.00
A-1B	FLT, SR	$	154,353,000.00		154,353,000.00		494,444.11		0.00		494,444.11		0.00		0.00		154,353,000.00
A-3	FLT, SR	$	43,297,000.00		43,297,000.00		122,726.12		0.00		122,726.12		0.00		0.00		43,297,000.00
A-1C1	FLT, SR	$	84,940,000.00		84,940,000.00		280,868.27		0.00		280,868.27		0.00		0.00		84,940,000.00
M-1	FLT, SUB	$	28,141,000.00		28,141,000.00		82,392.66		0.00		82,392.66		0.00		0.00		28,141,000.00
A-1C2	FLT, SR	$	20,000,000.00		20,000,000.00		66,133.33		0.00		66,133.33		0.00		0.00		20,000,000.00
M-2	FLT, SUB	$	25,583,000.00		25,583,000.00		75,500.15		0.00		75,500.15		0.00		0.00		25,583,000.00
A-2	FLT, SR	$	136,857,000.00		121,133,969.49		390,118.68		6,789,289.19		7,179,407.87		0.00		0.00		114,344,680.30
M-3	FLT, SUB	$	15,350,000.00		15,350,000.00		45,539.46		0.00		45,539.46		0.00		0.00		15,350,000.00
A-3	FLT, SR	$	81,671,900.00		72,288,895.99		237,790.31		4,051,631.62		4,289,421.93		0.00		0.00		68,237,264.37
M-4	FLT, SUB	$	26,679,000.00		26,679,000.00		82,884.72		0.00		82,884.72		0.00		0.00		26,679,000.00
M-1	MEZ, FLT	$	35,532,000.00		35,532,000.00		120,858.15		0.00		120,858.15		0.00		0.00		35,532,000.00
M-5	FLT, SUB	$	12,060,000.00		12,060,000.00		38,123.88		0.00		38,123.88		0.00		0.00		12,060,000.00
M-2	MEZ, FLT	$	32,443,000.00		32,443,000.00		111,189.37		0.00		111,189.37		0.00		0.00		32,443,000.00
M-6	FLT, SUB	$	10,964,000.00		10,964,000.00		39,775.76		0.00		39,775.76		0.00		0.00		10,964,000.00
M-3	MEZ, FLT	$	20,599,000.00		20,599,000.00		71,129.49		0.00		71,129.49		0.00		0.00		20,599,000.00
M-7	FLT, SUB	$	9,868,000.00		9,868,000.00		36,567.15		0.00		36,567.15		0.00		0.00		9,868,000.00
M-4	MEZ, FLT	$	27,808,000.00		27,808,000.00		101,530.10		0.00		101,530.10		0.00		0.00		27,808,000.00
M-8	FLT, SUB	$	8,771,000.00		8,771,000.00		35,230.83		0.00		35,230.83		0.00		0.00		8,771,000.00
M-5	MEZ, FLT	$	16,994,000.00		16,994,000.00		62,632.33		0.00		62,632.33		0.00		0.00		16,994,000.00
M-9	FLT, SUB	$	7,674,000.00		7,674,000.00		37,688.43		0.00		37,688.43		0.00		0.00		7,674,000.00
M-6	MEZ, FLT	$	15,964,000.00		15,964,000.00		66,396.94		0.00		66,396.94		0.00		0.00		15,964,000.00
CE	SUB	$	21,927,948.09		21,928,000.73		1,588,806.10		0.00		1,588,806.10		0.00		0.00		21,928,000.73
M-7	MEZ, FLT	$	12,874,000.00		12,874,000.00		54,431.99		0.00		54,431.99		0.00		0.00		12,874,000.00
P	SUB	$	100.00		100.00		213,971.99		0.00		213,971.99		0.00		0.00		100.00
M-8	MEZ, FLT	$	10,300,000.00		10,300,000.00		50,644.53		0.00		50,644.53		0.00		0.00		10,300,000.00
M-9	MEZ, FLT	$	10,300,000.00		10,300,000.00		50,644.53		0.00		50,644.53		0.00		0.00		10,300,000.00
CE	EXE	$	30,382,316.00		30,382,324.82		1,989,301.98		0.00		1,989,301.98		0.00		0.00		30,382,324.82
P	SUB	$	100.00		100.00		729,997.72		0.00		729,997.72		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~~1,~~989~~029,~~617~~909,316.0900		~~705~~936,~~548~~079,~~890~~985.8475		35,~~747~~713,~~347~~305.4324		1640,~~125~~516,~~042~~013.7356		1946,~~872~~229,~~390~~318.1680		0.00		0.00		~~689~~895,~~423~~563,~~848~~972.1119
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)
A-1	06/27/05		07/24/05		A-Act/360		144531BR0		259,222,569.00		944.291969		2.529723		62.205397		64.735119	882.086572
A-1A	07/25/05		08/24/05		A-Act/360		144531AW0		338,891,000.00		797.211184		2.464490		87.565302		90.029792	709.645882
A-2	06/27/05		07/24/05		A-Act/360		144531BS8		250,452,000.00		1,000.000000		2.764518		0.000000		2.764518	1,000.000000
A-1B	07/25/05		08/24/05		A-Act/360		144531AX8		154,353,000.00		1,000.000000		3.203333		0.000000		3.203333	1,000.000000
A-3	06/27/05		07/24/05		A-Act/360		144531BT6		43,297,000.00		1,000.000000		2.834518		0.000000		2.834518	1,000.000000
A-1C1	07/25/05		08/24/05		A-Act/360		144531AY6		84,940,000.00		1,000.000000		3.306667		0.000000		3.306667	1,000.000000
M-1	06/27/05		07/24/05		A-Act/360		144531BU3		28,141,000.00		1,000.000000		2.927851		0.000000		2.927851	1,000.000000
A-1C2	07/25/05		08/24/05		A-Act/360		144531BJ8		20,000,000.00		1,000.000000		3.306667		0.000000		3.306667	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		144531BV1		25,583,000.00		1,000.000000		2.951184		0.000000		2.951184	1,000.000000
A-2	07/25/05		08/24/05		A-Act/360		144531AZ3		136,857,000.00		885.113436		2.850557		49.608637		52.459194	835.504799
M-3	06/27/05		07/24/05		A-Act/360		144531BW9		15,350,000.00		1,000.000000		2.966740		0.000000		2.966740	1,000.000000
A-3	07/25/05		08/24/05		A-Act/360		144531BA7		81,671,900.00		885.113435		2.911532		49.608637		52.520168	835.504799
M-4	06/27/05		07/24/05		A-Act/360		144531BX7		26,679,000.00		1,000.000000		3.106740		0.000000		3.106740	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		144531BB5		35,532,000.00		1,000.000000		3.401389		0.000000		3.401389	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		144531BY5		12,060,000.00		1,000.000000		3.161184		0.000000		3.161184	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		144531BC3		32,443,000.00		1,000.000000		3.427222		0.000000		3.427222	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		144531BZ2		10,964,000.00		1,000.000000		3.627851		0.000000		3.627851	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		144531BD1		20,599,000.00		1,000.000000		3.453055		0.000000		3.453055	1,000.000000
M-7	06/27/05		07/24/05		A-Act/360		144531CA6		9,868,000.00		1,000.000000		3.705629		0.000000		3.705629	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		144531BE9		27,808,000.00		1,000.000000		3.651111		0.000000		3.651111	1,000.000000
M-8	06/27/05		07/24/05		A-Act/360		144531CB4		8,771,000.00		1,000.000000		4.016740		0.000000		4.016740	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		144531BF6		16,994,000.00		1,000.000000		3.685555		0.000000		3.685555	1,000.000000
M-9	06/27/05		07/24/05		A-Act/360		144531CC2		7,674,000.00		1,000.000000		4.911185		0.000000		4.911185	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		144531BG4		15,964,000.00		1,000.000000		4.159167		0.000000		4.159167	1,000.000000
CE	06/25/05		07/24/05		A-30/360				21,927,948.09		1,000.002401		72.455758		0.000000		72.455758	1,000.002401
M-7	07/25/05		08/24/05		A-Act/360		144531BH2		12,874,000.00		1,000.000000		4.228056		0.000000		4.228056	1,000.000000
P	06/25/05		07/24/05		A-30/360				100.00		1,000.000000		2,139,719.900000		0.000000		2,139,719.900000	1,000.000000
M-8	07/25/05		08/24/05		A-Act/360		144531BK5		10,300,000.00		1,000.000000		4.916945		0.000000		4.916945	1,000.000000
R	06/25/05		07/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
M-9	07/25/05		08/24/05		A-Act/360		144531BL3		10,300,000.00		1,000.000000		4.916945		0.000000		4.916945	1,000.000000
Page 2 of 23
CE	07/25/05		08/24/05		A-30/360				30,382,316.00		1,000.000290		65.475653		0.000000		65.475653	1,000.000290
Carrington Mortgage Loan Trust 2005-NC2
P	07/25/05		08/24/05		A-30/360				100.00		1,000.000000		7,299,977.200000		0.000000		7,299,977.200000	1,000.000000
R	07/25/05		08/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Distribution to Date - REMIC II
Distribution to Date -
																	Current
	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	259,222,569.00		1,907,806.18		30,564,901.14		920.48		30,565,821.62		32,473,627.80		0.00		0.00		228,656,747.38
A-1A	338,891,000.00		5,498,206.65		96,401,027.58		1,997,369.72		98,398,397.30		103,896,603.95		0.00		0.00		240,492,602.70
A-2	250,452,000.00		1,943,386.75		0.00		0.00		0.00		1,943,386.75		0.00		0.00		250,452,000.00
A-1B	154,353,000.00		2,843,793.85		0.00		0.00		0.00		2,843,793.85		0.00		0.00		154,353,000.00
A-3	43,297,000.00		344,839.73		0.00		0.00		0.00		344,839.73		0.00		0.00		43,297,000.00
A-1C1	84,940,000.00		1,622,407.41		0.00		0.00		0.00		1,622,407.41		0.00		0.00		84,940,000.00
M-1	28,141,000.00		231,821.37		0.00		0.00		0.00		231,821.37		0.00		0.00		28,141,000.00
A-1C2	20,000,000.00		382,012.58		0.00		0.00		0.00		382,012.58		0.00		0.00		20,000,000.00
M-2	25,583,000.00		212,497.12		0.00		0.00		0.00		212,497.12		0.00		0.00		25,583,000.00
A-2	136,857,000.00		2,418,153.60		21,782,639.52		729,680.18		22,512,319.70		24,930,473.30		0.00		0.00		114,344,680.30
M-3	15,350,000.00		128,199.21		0.00		0.00		0.00		128,199.21		0.00		0.00		15,350,000.00
A-3	81,671,900.00		1,478,327.89		12,704,955.44		729,680.18		13,434,635.63		14,912,963.52		0.00		0.00		68,237,264.37
M-4	26,679,000.00		233,754.47		0.00		0.00		0.00		233,754.47		0.00		0.00		26,679,000.00
M-1	35,532,000.00		700,723.26		0.00		0.00		0.00		700,723.26		0.00		0.00		35,532,000.00
M-5	12,060,000.00		107,589.48		0.00		0.00		0.00		107,589.48		0.00		0.00		12,060,000.00
M-2	32,443,000.00		645,293.64		0.00		0.00		0.00		645,293.64		0.00		0.00		32,443,000.00
M-6	10,964,000.00		112,796.00		0.00		0.00		0.00		112,796.00		0.00		0.00		10,964,000.00
M-3	20,599,000.00		413,200.29		0.00		0.00		0.00		413,200.29		0.00		0.00		20,599,000.00
M-7	9,868,000.00		103,768.23		0.00		0.00		0.00		103,768.23		0.00		0.00		9,868,000.00
M-4	27,808,000.00		593,872.78		0.00		0.00		0.00		593,872.78		0.00		0.00		27,808,000.00
M-8	8,771,000.00		100,223.94		0.00		0.00		0.00		100,223.94		0.00		0.00		8,771,000.00
M-5	16,994,000.00		366,760.09		0.00		0.00		0.00		366,760.09		0.00		0.00		16,994,000.00
M-9	7,674,000.00		107,790.41		0.00		0.00		0.00		107,790.41		0.00		0.00		7,674,000.00
M-6	15,964,000.00		394,041.46		0.00		0.00		0.00		394,041.46		0.00		0.00		15,964,000.00
CE	21,927,948.09		1,605,544.93		0.00		0.00		0.00		1,605,544.93		0.00		52.64		21,928,000.73
M-7	12,874,000.00		323,578.21		0.00		0.00		0.00		323,578.21		0.00		0.00		12,874,000.00
P	100.00		398,352.70		0.00		0.00		0.00		398,352.70		0.00		0.00		100.00
M-8	10,300,000.00		305,347.13		0.00		0.00		0.00		305,347.13		0.00		0.00		10,300,000.00
M-9	10,300,000.00		305,347.13		0.00		0.00		0.00		305,347.13		0.00		0.00		10,300,000.00
CE	30,382,316.00		13,402,471.08		0.00		0.00		0.00		13,402,471.08		0.00		8.82		30,382,324.82
P	100.00		2,211,139.76		0.00		0.00		0.00		2,211,139.76		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~~1,~~989~~029,~~617~~909,316.0900		733,~~538~~904,~~370~~676.5281		30130,~~564~~888,~~901~~622.1454		~~920~~3,456,730.4808		30134,~~565~~345,~~821~~352.6263		38168,~~104~~250,~~192~~029.1444		0.00		528.6482		~~689~~895,~~423~~563,~~848~~972.1119
Interest Detail - REMIC II
Interest Detail -
	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)
A-1	3.44438%		244,781,790.11		655,761.17		0.00		0.00		0.00		655,761.17		655,761.17		0.00
A-1A	3.59000%		270,167,695.45		835,193.41		0.00		0.00		0.00		835,193.41		835,193.41		0.00
A-2	3.55438%		250,452,000.00		692,379.01		0.00		0.00		0.00		692,379.01		692,379.01		0.00
A-1B	3.72000%		154,353,000.00		494,444.11		0.00		0.00		0.00		494,444.11		494,444.11		0.00
A-3	3.64438%		43,297,000.00		122,726.12		0.00		0.00		0.00		122,726.12		122,726.12		0.00
A-1C1	3.84000%		84,940,000.00		280,868.27		0.00		0.00		0.00		280,868.27		280,868.27		0.00
M-1	3.76438%		28,141,000.00		82,392.66		0.00		0.00		0.00		82,392.66		82,392.66		0.00
A-1C2	3.84000%		20,000,000.00		66,133.33		0.00		0.00		0.00		66,133.33		66,133.33		0.00
M-2	3.79438%		25,583,000.00		75,500.15		0.00		0.00		0.00		75,500.15		75,500.15		0.00
A-2	3.74000%		121,133,969.49		390,118.68		0.00		0.00		0.00		390,118.68		390,118.68		0.00
M-3	3.81438%		15,350,000.00		45,539.46		0.00		0.00		0.00		45,539.46		45,539.46		0.00
A-3	3.82000%		72,288,895.99		237,790.31		0.00		0.00		0.00		237,790.31		237,790.31		0.00
M-4	3.99438%		26,679,000.00		82,884.72		0.00		0.00		0.00		82,884.72		82,884.72		0.00
M-1	3.95000%		35,532,000.00		120,858.15		0.00		0.00		0.00		120,858.15		120,858.15		0.00
M-5	4.06438%		12,060,000.00		38,123.88		0.00		0.00		0.00		38,123.88		38,123.88		0.00
M-2	3.98000%		32,443,000.00		111,189.37		0.00		0.00		0.00		111,189.37		111,189.37		0.00
M-6	4.66438%		10,964,000.00		39,775.76		0.00		0.00		0.00		39,775.76		39,775.76		0.00
M-3	4.01000%		20,599,000.00		71,129.49		0.00		0.00		0.00		71,129.49		71,129.49		0.00
M-7	4.76438%		9,868,000.00		36,567.15		0.00		0.00		0.00		36,567.15		36,567.15		0.00
M-4	4.24000%		27,808,000.00		101,530.10		0.00		0.00		0.00		101,530.10		101,530.10		0.00
M-8	5.16438%		8,771,000.00		35,230.83		0.00		0.00		0.00		35,230.83		35,230.83		0.00
M-5	4.28000%		16,994,000.00		62,632.33		0.00		0.00		0.00		62,632.33		62,632.33		0.00
M-9	6.31438%		7,674,000.00		37,688.43		0.00		0.00		0.00		37,688.43		37,688.43		0.00
M-6	4.83000%		15,964,000.00		66,396.94		0.00		0.00		0.00		66,396.94		66,396.94		0.00
CE	0.00000%		21,928,000.73		0.00		0.00		0.00		0.00		0.00		1,588,806.10		0.00
M-7	4.91000%		12,874,000.00		54,431.99		0.00		0.00		0.00		54,431.99		54,431.99		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		213,971.99		0.00
M-8	5.71000%		10,300,000.00		50,644.53		0.00		0.00		0.00		50,644.53		50,644.53		0.00
M-9	5.71000%		10,300,000.00		50,644.53		0.00		0.00		0.00		50,644.53		50,644.53		0.00
CE	78.57076%		30,382,324.82		0.00		0.00		0.00		0.00		0.00		1,989,301.98		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		729,997.72		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			~~705~~936,~~548~~079,~~890~~985.8475		12,~~944~~994,~~569~~005.3454		0.00		0.00		0.00		12,~~944~~994,~~569~~005.3454		35,~~747~~713,~~347~~305.4324		0.00
Page 3 of 23
Page 3 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														1640,~~125~~516,~~042~~013.7356
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														1640,~~125~~516,~~042~~013.7356
Interest Collections														35,~~594,~~249,313.0876
Interest Withdrawals														-0.00
Interest Fees														-60266,~~873~~006.6424
Interest Other Accounts														~~213~~729,~~971~~997.9972
TOTAL NET INTEREST														35,~~747~~713,~~347~~305.4324
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														1946,~~872~~229,~~390~~318.1680
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															~~500~~435,453.8699
Curtailments															1926,~~293~~143.3113
Prepayments In Full															1637,~~105~~324,~~248~~773.5632
Repurchased/Substitutions															02,729,643.0012
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-~~414~~156,146.3569
Realized Losses															-0.00
Advanced Principal															~~414~~156,146.3569
TOTAL PRINCIPAL COLLECTED															1640,~~125~~516,~~042~~013.7356
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 23
Page 4 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														35,~~829~~360,~~882~~776.3746
Repurchased/Substitution Interest														014,904.0058
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-42101,~~010~~786.6473
Delinquent Interest														-31,~~074~~780,~~849~~710.6398
Compensating Interest														42101,~~010~~786.6472
Civil Relief Act Shortfalls														-0.00
Interest Advanced														21,~~839~~654,~~216~~343.3470
TOTAL INTEREST COLLECTED														35,~~594,~~249,313.0876
INTEREST - WITHDRAWALS
														Total
Non-Recoverable Advances														0.00
Reimbursements to Master Servicer														0.00
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														~~213~~729,~~971~~997.9972
Net WAC Investment Income														0.00
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														~~213~~729,~~971~~997.9972
INTEREST - FEES
														Total
Current Servicing Fees														58263,~~345~~666.4204
Trustee Fees														2,~~528~~340.2220
TOTAL INTEREST FEES														60266,~~873~~006.6424
Page 5 of 23
Page 5 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralized Amount - Prior Period														2130,~~928~~382,~~000~~324.7382
Current Period Losses														0.00
Overcollateralized Amount - After Current Losses														2130,~~928~~382,~~000~~324.7382
Overcollateralization Increase Amount														0.00
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														2130,~~928~~382,~~000~~324.7382
Overcollateralization Deficiency Amount														0.00
Required Overcollateralized Amount														2130,~~928~~382,~~000~~324.7382
Senior Enhancement Percentage														2423.~~225736~~805818%
Page 6 of 23
Page 6 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														24,~~525~~816
Prior														24,~~478~~457
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-52135
Repurchases														-09
Liquidations														-0
Current														24,~~426~~313
Principal Balance:
Original														~~719~~1,~~989~~029,~~517~~909,316.0907
Prior														~~705~~936,~~548~~079,~~890~~985.8475
Prefunding														0.00
Scheduled Principal														-~~500~~435,453.8699
Partial Prepayments														-1926,~~293~~143.3113
Full Voluntary Prepayments														-1637,~~105~~324,~~248~~773.5632
Repurchases														-02,729,643.0012
Liquidations														-0.00
Current														~~689~~895,~~423~~563,~~848~~972.1119
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 23
Page 7 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.~~51583~~91108%
Weighted Average Coupon Prior														6.~~51583~~89648%
Weighted Average Coupon Current														6.~~51202~~89131%
Weighted Average Months to Maturity Original														~~356~~353
Weighted Average Months to Maturity Prior														~~356~~350
Weighted Average Months to Maturity Current														~~355~~349
Weighted Avg Remaining Amortization Term Original														~~356~~353
Weighted Avg Remaining Amortization Term Prior														~~356~~350
Weighted Avg Remaining Amortization Term Current														~~355~~349
Weighted Average Seasoning Original														3.8700
Weighted Average Seasoning Prior														36.8799
Weighted Average Seasoning Current														47.8699
Page 8 of 23
Page 8 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.~~61388~~54959%
Weighted Average Margin Prior														5.~~61388~~54823%
Weighted Average Margin Current														5.~~61347~~54751%
Weighted Average Max Rate Original														13.~~51635~~82909%
Weighted Average Max Rate Prior														13.~~51635~~81126%
Weighted Average Max Rate Current														13.~~51380~~80414%
Weighted Average Min Rate Original														65.~~51585~~57827%
Weighted Average Min Rate Prior														65.~~51585~~57488%
Weighted Average Min Rate Current														65.~~51329~~57215%
Weighted Average Cap Up Original														1.~~50000~~50466%
Weighted Average Cap Up Prior														1.~~50000~~50380%
Weighted Average Cap Up Current														1.~~50000~~50393%
Weighted Average Cap Down Original														1.~~50000~~50466%
Weighted Average Cap Down Prior														1.~~50000~~50380%
Weighted Average Cap Down Current														1.~~50000~~50393%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														58263,~~345~~666.4204
Delinquent Servicing Fees														~~235~~126,~~633~~367.2829
TOTAL SERVICING FEES														~~293~~390,~~978~~033.7133
Total Servicing Fees														~~293~~390,~~978~~033.7133
Compensating Interest														-42101,~~010~~786.6472
Delinquent Servicing Fees														-~~235~~126,~~633~~367.2829
COLLECTED SERVICING FEES														16161,~~334~~879.7832
Total Advanced Interest														21,~~839~~654,~~216~~343.3470
Total Advanced Principal														~~414~~156,146.3569
Aggregate Advances with respect to this Distribution														21,~~839~~810,~~630~~490.6939
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														42101,~~010~~786.6473
Compensating Interest														-42101,~~010~~786.6472
Net Prepayment Interest Shortfall (PPIS)														0.00
Ending Pool Stated Principal Balance														~~689~~895,~~423~~563,~~848~~972.1119
Weighted Average Net Mortgage Rate														6.~~438833~~388310%
Page 9 of 23
Page 9 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				~~118~~6,~~312~~075,766.0075		03,830,775.0096		01,409,460.0097		~~118~~11,~~312~~316,003.0068
			% Balance				0.0268%		0.0043%		0.0016%		01.0226%
			# Loans				131		015		010		156
			% # Loans				0.0472%		0.0035%		0.0023%		01.0430%
	FORECLOSURE		Balance		~~750,000~~0.00		0.00		01,124,954.0021		05,402,200.0004		~~750~~6,~~000~~527,154.0025
			% Balance		0.1100%		0.00%		0.0013%		0.0060%		0.1173%
			# Loans		10		0		03		025		128
			% # Loans		0.0400%		0.00%		0.0007%		0.0058%		0.0465%
	BANKRUPTCY		Balance		~~637~~2,~~100~~605,455.0078		0143,245.0019		0388,990.0008		0295,763.0031		~~637~~3,~~100~~433,454.0036
			% Balance		0.0929%		0.0002%		0.0004%		0.0003%		0.0938%
			# Loans		317		01		03		02		323
			% # Loans		0.1239%		0.0002%		0.0007%		0.0005%		0.1253%
	REO		Balance		0.00		0.00		0.00		0690,506.0038		0690,506.0038
			% Balance		0.00%		0.00%		0.00%		0.0008%		0.0008%
			# Loans		0		0		0		03		03
			% # Loans		0.00%		0.00%		0.00%		0.0007%		0.0007%
	TOTAL		Balance		12,~~387~~605,~~100~~455.0078		~~118~~6,~~312~~219,011.0094		05,344,720.0025		07,797,930.0070		121,~~505~~967,~~412~~118.0067
			% Balance		0.2029%		0.0269%		0.0060%		0.0087%		02.2245%
			# Loans		417		132		021		040		5110
			% # Loans		0.1639%		0.0474%		0.0049%		0.0093%		02.2155%
Page 10 of 23
Page 10 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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
1927122 1
Page 11 of 23
			87,200.00		87,131.43		01-Feb-2005		7.850%		TX - 80.00%		360		01-Dec-2004
Carrington Mortgage Loan Trust 2005-NC2
1000224901 1			104,000.00		103,375.02		01-Feb-2005		7.550%		TN - 80.00%		360		01-Jan-2005
1000503360 1			500,000.00		499,999.93		01-Feb-2005		7.100%		TX - 80.00%		360		01-Feb-2005
TOTAL			691,200.00		690,506.38
Page 11 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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
1000875495 1
1855094 1
			750,000.00		750,000.00		01-May-2005		7.300%		CA - 89.29%		360		01-Apr-2005
			552,000.00		552,000.00		01-Feb-2005		6.350%		CA - 80.00%		360		01-Jan-2005
TOTAL			750,000.00		750,000.00
1886368 1			192,000.00		190,325.80		01-Feb-2005		6.250%		NJ - 80.00%		360		01-Dec-2004
Page 12 of 23
1886394 1			128,000.00		127,999.63		01-Mar-2005		6.650%		GA - 80.00%		360		01-Dec-2004
Carrington Mortgage Loan Trust 2005-NC2
1894275 1			76,500.00		76,112.59		01-Mar-2005		7.750%		MO - 90.00%		360		01-Feb-2005
1899981 1			199,920.00		199,920.00		01-Mar-2005		6.590%		CA - 80.00%		360		01-Dec-2004
1901499 1			372,000.00		372,000.00		01-Apr-2005		6.850%		CA - 80.00%		360		01-Dec-2004
1915489 1			464,000.00		461,392.20		01-Feb-2005		7.887%		NY - 80.00%		360		01-Jan-2005
1931030 1			119,700.00		118,778.33		01-Feb-2005		6.900%		NC - 95.00%		360		01-Dec-2004
1934876 1			225,000.00		223,267.63		01-Mar-2005		6.900%		WA - 87.21%		360		01-Dec-2004
1948058 1			85,850.00		85,373.45		01-Feb-2005		7.950%		IN - 85.00%		360		01-Jan-2005
1949626 1			489,250.00		489,250.00		01-Feb-2005		6.700%		CA - 95.00%		360		01-Jan-2005
1953254 1			96,000.00		95,257.87		01-Feb-2005		6.250%		TX - 80.00%		360		01-Jan-2005
1963215 1			204,000.00		204,000.00		01-Feb-2005		6.950%		CA - 80.00%		360		01-Jan-2005
1968490 1			95,040.00		94,531.85		01-Mar-2005		7.450%		KS - 90.00%		360		01-Feb-2005
1970085 1			139,000.00		138,078.62		01-Feb-2005		7.050%		WI - 72.40%		360		01-Jan-2005
1972228 1			524,000.00		524,000.00		01-Apr-2005		6.750%		CA - 80.00%		360		01-Jan-2005
1000080619 1			230,500.00		228,954.21		01-Apr-2005		6.990%		CA - 86.98%		360		01-Jan-2005
1000104531 1			311,200.00		310,471.43		01-Feb-2005		7.900%		IL - 80.00%		360		01-Dec-2004
1000110622 1			306,400.00		304,408.30		01-Mar-2005		7.150%		CA - 80.00%		360		01-Jan-2005
1000133652 1			204,250.00		204,250.00		01-Mar-2005		8.050%		MN - 95.00%		360		01-Jan-2005
1000180191 1			300,000.00		300,000.00		01-Mar-2005		6.600%		CA - 80.00%		360		01-Jan-2005
1000222832 1			136,000.00		135,141.50		01-Feb-2005		7.300%		MI - 80.00%		360		01-Jan-2005
1000223092 1			68,000.00		67,587.30		01-Mar-2005		7.500%		MI - 66.02%		360		01-Jan-2005
1000226883 1			152,750.00		151,858.96		01-Mar-2005		7.700%		IL - 65.00%		360		01-Jan-2005
1000247904 1			104,800.00		104,799.92		01-Feb-2005		5.800%		AR - 80.00%		360		01-Jan-2005
1000322154 1			85,500.00		85,143.96		01-Mar-2005		8.700%		SC - 90.00%		360		01-Feb-2005
1000427194 1			300,000.00		300,000.00		01-Mar-2005		6.250%		CA - 80.00%		360		01-Feb-2005
1000513260 1			385,000.00		382,250.70		01-Mar-2005		5.950%		CA - 54.00%		360		01-Feb-2005
TOTAL			6,546,660.00		6,527,154.25
Page 12 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														52135
Number of Repurchased Loans														09
Total Number of Loans Prepaid in Full														52144
Curtailments Amount														1926,~~293~~143.3113
Paid in Full Balance														1637,~~105~~324,~~248~~773.5632
Repurchased Loans Balance														02,729,643.0012
Total Prepayment Amount														1640,~~124~~080,~~541~~559.8757
Cumulative
Number of Paid in Full Loans														99494
Number of Repurchased Loans														09
Total Number of Loans Prepaid in Full														99503
Paid in Full Balance														30128,~~509~~333,~~163~~310.9105
Repurchased Loans Balance														02,729,643.0012
Curtailments Amount														55555,~~584~~340.5981
Total Prepayment Amount														30131,~~564~~618,~~748~~293.5098
Page 13 of 23
Page 13 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														24.2928%
3 Months Avg SMM														23.15%
12 Months Avg SMM														2.1526%
Avg SMM Since Cut-off														2.1526%
CPR														2440.2387%
3 Months Avg CPR														2231.9290%
12 Months Avg CPR														2223.9297%
Avg CPR Since Cut-off														2223.9297%
PSA														2,~~493~~558.2135%
3 Months Avg PSA Approximation														2,~~626~~281.4154%
12 Months Avg PSA Approximation														2,~~626~~181.4122%
Avg PSA Since Cut-off Approximation														2,~~626~~181.4123%
Page 14 of 23
Page 14 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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 23
Page 15 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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
1977136 1			193,999.45		193,796.69			30-Jun-2005		6.625%		IL - 79.23%		Paid Off - 360		01-Feb-2005
1757869 1			415,200.00		415,200.00			29-Jul-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Oct-2004
2060228 1			114,750.00		114,745.38			22-Jun-2005		7.350%		MD - 85.00%		Paid Off - 360		01-Apr-2005
1846442 1			370,000.00		369,948.56			15-Jul-2005		6.350%		CA - 86.05%		Paid Off - 360		01-Jan-2005
1000016529 1			162,674.21		162,648.36			20-Jun-2005		7.375%		AZ - 79.98%		Paid Off - 360		01-Oct-2004
1849540 1			351,000.00		351,000.00			21-Jul-2005		7.300%		CA - 90.00%		Paid Off - 360		01-Nov-2004
1000043018 1			147,150.00		147,150.00			15-Jun-2005		7.125%		FL - 79.98%		Paid Off - 360		01-Oct-2004
1854105 1			351,000.00		350,957.38			29-Jul-2005		7.200%		NY - 82.59%		Paid Off - 360		01-Dec-2004
1000068544 1			454,500.00		454,500.00			20-Jun-2005		6.400%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1862534 1			400,000.00		397,102.94			21-Jul-2005		5.875%		NJ - 54.42%		Paid Off - 360		01-Jan-2005
1000100811 1			148,443.59		148,442.89			21-Jun-2005		7.400%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1865614 1			218,500.00		218,500.00			11-Jul-2005		7.900%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1000176874 1			236,000.00		236,000.00			02-Jun-2005		6.600%		IL - 80.00%		Paid Off - 360		01-Jan-2005
1878065 1			264,000.00		263,994.89			05-Jul-2005		5.150%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1000251471 1			262,400.00		262,400.00			07-Jun-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1880910 1			600,000.00		596,286.57			28-Jul-2005		6.700%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1000255627 1			334,051.97		334,051.95			10-Jun-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1881795 1			256,500.00		256,500.00			20-Jul-2005		6.125%		VA - 90.00%		Paid Off - 360		01-Jan-2005
1000279184 1			216,999.98		216,999.98			03-Jun-2005		6.950%		AL - 78.77%		Paid Off - 360		01-Feb-2005
1885958 1			575,200.00		575,200.00			05-Jul-2005		6.200%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
1000288753 1			100,000.00		100,000.00			23-Jun-2005		6.200%		CT - 80.00%		Paid Off - 360		01-Feb-2005
1890528 1			300,000.00		299,016.91			20-Jul-2005		9.850%		NY - 100.00%		Paid Off - 360		01-Jan-2005
1000324688 1			114,000.00		114,000.00			14-Jun-2005		8.200%		FL - 95.00%		Paid Off - 360		01-Feb-2005
1891300 1			368,760.00		368,760.00			13-Jul-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000326276 1			207,998.14		207,997.50			02-Jun-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1893080 1			338,850.00		338,850.00			29-Jul-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000359873 1			275,000.00		275,000.00			16-Jun-2005		6.400%		CA - 60.44%		Paid Off - 360		01-Feb-2005
1893290 1			354,000.00		354,000.00			28-Jul-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000364475 1			238,435.06		238,434.34			21-Jun-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1896951 1			270,000.00		269,999.94			05-Jul-2005		6.850%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000364947 1			92,000.00		92,000.00			29-Jun-2005		5.550%		WA - 80.00%		Paid Off - 360		01-Feb-2005
1898671 1			71,000.00		70,776.86			28-Jul-2005		10.050%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000376113 1			271,999.97		271,999.95			16-Jun-2005		6.050%		NJ - 85.00%		Paid Off - 360		01-Feb-2005
1900140 1			216,000.00		216,000.00			19-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000412388 1			387,000.00		387,000.00			27-Jun-2005		7.700%		NY - 90.00%		Paid Off - 360		01-Feb-2005
1902725 1			275,500.00		275,500.00			29-Jul-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1000417267 1			101,699.96		101,699.91			27-Jun-2005		7.300%		WA - 90.00%		Paid Off - 360		01-Feb-2005
1908186 1			187,000.00		186,181.66			05-Jul-2005		8.450%		CA - 61.11%		Paid Off - 360		01-Jan-2005
1000453583 1			292,800.00		292,800.00			23-Jun-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1909916 1			321,000.00		321,000.00			06-Jul-2005		7.550%		NY - 94.97%		Paid Off - 360		01-Dec-2004
1000501914 1			99,000.00		99,000.00			23-Jun-2005		6.600%		AZ - 89.19%		Paid Off - 360		01-Feb-2005
1910209 1			356,000.00		356,000.00			05-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000506170 1			437,500.00		437,500.00			16-Jun-2005		7.125%		MI - 70.00%		Paid Off - 360		01-Mar-2005
1911456 1			447,200.00		447,200.00			05-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000539064 1			510,000.00		510,000.00			21-Jun-2005		6.750%		CA - 79.63%		Paid Off - 360		01-Feb-2005
1911983 1			399,500.00		399,500.00			05-Jul-2005		6.738%		MA - 85.00%		Paid Off - 360		01-Jan-2005
1000551129 1			370,609.59		370,609.59			28-Jun-2005		5.550%		MD - 80.00%		Paid Off - 360		01-Feb-2005
1917901 1			391,200.00		391,200.00			18-Jul-2005		6.250%		HI - 80.00%		Paid Off - 360		01-Dec-2004
1000563090 1			240,000.00		240,000.00			17-Jun-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1919489 1			31,000.00		30,722.78			21-Jul-2005		10.450%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1000572375 1			309,000.00		308,898.92			29-Jun-2005		6.500%		NJ - 87.54%		Paid Off - 360		01-Feb-2005
1926386 1			255,200.00		255,195.17			21-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000573034 1			405,000.00		405,000.00			27-Jun-2005		7.300%		MD - 76.42%		Paid Off - 360		01-Mar-2005
1928656 1			476,000.00		475,487.60			20-Jul-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000589072 1			850,000.00		850,000.00			14-Jun-2005		6.150%		CA - 72.76%		Paid Off - 360		01-Feb-2005
1929136 1			161,000.00		159,974.35			22-Jul-2005		6.550%		OH - 60.75%		Paid Off - 360		01-Jan-2005
1000639401 1			420,000.00		420,000.00			30-Jun-2005		6.800%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1931949 1			320,000.00		320,000.00			07-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000664766 1			228,000.00		228,000.00			09-Jun-2005		9.100%		CA - 95.00%		Paid Off - 360		01-Apr-2005
1934695 1			528,000.00		527,781.65			18-Jul-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000666050 1			558,000.00		558,000.00			16-Jun-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1942491 1			356,000.00		356,000.00			15-Jul-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000667610 1			447,999.98		447,999.96			03-Jun-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1945314 1			503,500.00		503,499.92			15-Jul-2005		7.300%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1000723836 1			279,999.98		279,999.96			16-Jun-2005		7.600%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1946003 1			112,200.00		111,721.89			29-Jul-2005		7.800%		VA - 60.00%		Paid Off - 360		01-Feb-2005
1000729297 1			210,960.00		210,960.00			20-Jun-2005		8.400%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1947607 1			352,000.00		352,000.00			13-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000741567 1			492,000.00		492,000.00			27-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1949386 1			473,000.00		469,793.65			13-Jul-2005		6.225%		CA - 62.24%		Paid Off - 360		01-Jan-2005
1000747446 1			193,500.00		193,500.00			06-Jun-2005		6.990%		NV - 90.00%		Paid Off - 360		01-Mar-2005
1953838 1			186,000.00		184,815.10			06-Jul-2005		6.550%		CT - 77.50%		Paid Off - 360		01-Jan-2005
1000791824 1			337,000.00		337,000.00			30-Jun-2005		6.750%		IL - 79.29%		Paid Off - 360		01-Mar-2005
1954704 1			340,000.00		340,000.00			22-Jul-2005		5.600%		CA - 80.00%		Paid Off - 360		01-Jan-2005
Page 16 of 23
Page 16 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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
1000796543 1			540,000.00		540,000.00			02-Jun-2005		6.800%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1955135 1			180,000.00		179,985.14			22-Jul-2005		6.600%		CA - 83.72%		Paid Off - 360		01-Jan-2005
1000806499 1			135,999.99		135,999.97			09-Jun-2005		7.990%		OR - 80.00%		Paid Off - 360		01-Mar-2005
1956028 1			288,000.00		287,018.17			22-Jul-2005		8.900%		HI - 80.00%		Paid Off - 360		01-Feb-2005
1000822426 1			436,041.00		436,041.00			02-Jun-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1956863 1			162,000.00		161,107.94			12-Jul-2005		7.300%		CA - 38.94%		Paid Off - 360		01-Jan-2005
1000847089 1			630,000.00		630,000.00			09-Jun-2005		8.450%		CA - 74.12%		Paid Off - 360		01-Apr-2005
1959433 1			320,000.00		320,000.00			29-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000848756 1			248,000.00		248,000.00			24-Jun-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1959434 1			80,000.00		79,759.01			29-Jul-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000862347 1			418,500.00		418,500.00			06-Jun-2005		7.650%		CA - 90.00%		Paid Off - 360		01-Mar-2005
1959528 1			140,000.00		139,206.10			25-Jul-2005		7.150%		MD - 51.28%		Paid Off - 360		01-Jan-2005
1000887482 1			326,691.00		326,691.00			20-Jun-2005		7.900%		FL - 90.00%		Paid Off - 360		01-Apr-2005
1960578 1			252,000.00		252,000.00			25-Jul-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000894982 1			300,000.00		300,000.00			16-Jun-2005		7.200%		WA - 80.00%		Paid Off - 360		01-Apr-2005
1960581 1			63,000.00		62,810.22			25-Jul-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000964291 1			210,000.00		210,000.00			29-Jun-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1960777 1			271,600.00		269,934.01			05-Jul-2005		6.200%		MD - 70.00%		Paid Off - 360		01-Feb-2005
1000989675 1			340,000.00		340,000.00			29-Jun-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1964391 1			119,250.00		118,497.61			13-Jul-2005		6.600%		MD - 75.00%		Paid Off - 360		01-Jan-2005
1001008457 1			180,000.00		180,000.00			30-Jun-2005		7.600%		WA - 80.00%		Paid Off - 360		01-Apr-2005
1964601 1			320,000.00		318,371.96			29-Jul-2005		7.700%		CA - 82.05%		Paid Off - 360		01-Jan-2005
1001023494 1			272,000.00		271,981.26			07-Jun-2005		5.875%		CA - 76.40%		Paid Off - 360		01-Apr-2005
1965344 1			225,000.00		223,524.82			22-Jul-2005		6.400%		CA - 61.64%		Paid Off - 360		01-Jan-2005
1001056261 1			421,800.00		421,799.98			22-Jun-2005		6.987%		MA - 95.00%		Paid Off - 360		01-May-2005
1965958 1			243,414.00		243,414.00			05-Jul-2005		8.600%		NV - 90.00%		Paid Off - 360		01-Jan-2005
1001067428 1			416,099.99		416,099.97			16-Jun-2005		6.750%		CA - 95.00%		Paid Off - 360		01-Apr-2005
1966035 1			351,500.00		351,490.50			22-Jul-2005		7.500%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1001088619 1			490,000.00		490,000.00			16-Jun-2005		7.350%		CA - 87.81%		Paid Off - 360		01-May-2005
1967469 1			475,000.00		471,434.51			28-Jul-2005		6.500%		CA - 69.85%		Paid Off - 360		01-Jan-2005
TOTAL			16,105,603.86		16,105,248.56
1967815 1			366,300.00		364,238.19			27-Jul-2005		7.188%		VA - 90.00%		Paid Off - 360		01-Jan-2005
Page 17 of 23
1968236 1			279,000.00		277,367.62			07-Jul-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
Carrington Mortgage Loan Trust 2005-NC2
1971071 1			445,500.00		445,500.00			12-Jul-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1972245 1			150,000.00		149,273.95			22-Jul-2005		7.950%		MN - 55.56%		Paid Off - 360		01-Jan-2005
1972786 1			152,000.00		151,300.32			27-Jul-2005		8.200%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1975066 1			571,050.00		567,446.93			05-Jul-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1975512 1			550,000.00		546,788.37			21-Jul-2005		7.000%		CA - 88.71%		Paid Off - 360		01-Jan-2005
1977890 1			500,000.00		500,000.00			05-Jul-2005		6.650%		CA - 84.75%		Paid Off - 360		01-Jan-2005
1978399 1			600,000.00		595,692.20			28-Jul-2005		6.150%		CA - 82.76%		Paid Off - 360		01-Jan-2005
1979441 1			38,578.00		38,251.02			06-Jul-2005		10.850%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1979490 1			334,000.00		331,991.96			06-Jul-2005		6.850%		CA - 83.50%		Paid Off - 360		01-Jan-2005
1982108 1			228,000.00		227,780.41			25-Jul-2005		6.900%		HI - 95.00%		Paid Off - 360		01-Jan-2005
1983438 1			363,792.00		363,776.91			27-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1985606 1			60,942.00		60,396.27			18-Jul-2005		10.450%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1986061 1			92,600.00		92,322.73			22-Jul-2005		10.850%		CA - 20.00%		Paid Off - 360		01-Feb-2005
1986707 1			331,500.00		331,500.00			29-Jul-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1988668 1			100,000.00		99,618.56			05-Jul-2005		8.350%		VA - 31.25%		Paid Off - 360		01-Feb-2005
1991338 1			212,000.00		211,078.45			25-Jul-2005		7.700%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000012578 1			154,000.00		153,997.44			01-Jul-2005		7.500%		CA - 57.79%		Paid Off - 360		01-Jan-2005
1000037178 1			454,500.00		454,500.00			12-Jul-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000061729 1			180,000.00		180,000.00			06-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000077829 1			261,250.00		261,249.99			15-Jul-2005		8.490%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1000084795 1			388,000.00		385,528.25			06-Jul-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Dec-2004
Page 17 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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
1000088327 1			393,000.00		393,000.00			07-Jul-2005		7.350%		CA - 92.47%		Paid Off - 360		01-Dec-2004
1000092660 1			192,000.00		192,000.00			08-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000092937 1			246,400.00		245,229.11			14-Jul-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000097683 1			284,750.00		284,749.94			06-Jul-2005		7.100%		FL - 79.99%		Paid Off - 360		01-Jan-2005
1000103435 1			96,000.00		95,561.42			08-Jul-2005		7.450%		MD - 69.57%		Paid Off - 360		01-Feb-2005
1000105219 1			100,000.00		99,458.77			22-Jul-2005		7.388%		NY - 20.41%		Paid Off - 360		01-Jan-2005
1000108564 1			393,300.00		393,300.00			26-Jul-2005		8.300%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000109536 1			536,000.00		536,000.00			19-Jul-2005		6.375%		MD - 77.68%		Paid Off - 360		01-Jan-2005
1000111792 1			493,548.00		490,373.58			20-Jul-2005		6.500%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000113727 1			265,500.00		265,369.71			28-Jul-2005		5.750%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000119400 1			80,000.00		79,703.97			18-Jul-2005		8.500%		CT - 50.00%		Paid Off - 360		01-Feb-2005
1000132136 1			337,500.00		335,765.70			14-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-Jan-2005
1000139362 1			427,500.00		425,303.27			18-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-Jan-2005
1000142107 1			297,600.00		297,600.00			06-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000145596 1			281,000.00		280,806.47			08-Jul-2005		8.100%		CA - 94.93%		Paid Off - 360		01-Jan-2005
1000150160 1			66,000.00		65,813.49			07-Jul-2005		10.550%		IL - 20.00%		Paid Off - 360		01-Jan-2005
1000168507 1			375,200.00		375,200.00			05-Jul-2005		5.550%		MA - 80.00%		Paid Off - 360		01-Jan-2005
1000171441 1			71,200.00		70,804.07			06-Jul-2005		7.250%		MI - 80.00%		Paid Off - 360		01-Jan-2005
1000183928 1			130,000.00		129,277.11			06-Jul-2005		7.250%		MD - 78.79%		Paid Off - 360		01-Jan-2005
1000190028 1			180,000.00		179,564.65			28-Jul-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000209429 1			525,000.00		525,000.00			08-Jul-2005		6.800%		NJ - 82.03%		Paid Off - 360		01-Feb-2005
1000226286 1			270,000.00		268,376.76			18-Jul-2005		6.850%		WA - 90.00%		Paid Off - 360		01-Jan-2005
1000227436 1			512,000.00		512,000.00			08-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000227748 1			133,950.00		133,088.42			05-Jul-2005		6.500%		MD - 95.00%		Paid Off - 360		01-Jan-2005
1000228649 1			409,500.00		409,467.46			22-Jul-2005		7.100%		GA - 90.00%		Paid Off - 360		01-Jan-2005
1000232581 1			388,000.00		387,999.94			12-Jul-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000236248 1			128,000.00		127,481.00			11-Jul-2005		10.400%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000245407 1			259,250.00		259,250.00			29-Jul-2005		6.850%		FL - 85.00%		Paid Off - 360		01-Feb-2005
1000245470 1			120,000.00		119,450.52			26-Jul-2005		7.438%		ME - 54.55%		Paid Off - 360		01-Feb-2005
1000261282 1			549,000.00		549,000.00			12-Jul-2005		6.400%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000262628 1			166,400.00		165,586.48			15-Jul-2005		7.900%		VA - 80.00%		Paid Off - 360		01-Jan-2005
1000265830 1			115,500.00		115,035.32			25-Jul-2005		8.600%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1000272788 1			67,450.00		67,048.38			27-Jul-2005		6.900%		MI - 95.00%		Paid Off - 360		01-Jan-2005
1000275017 1			204,000.00		204,000.00			29-Jul-2005		5.750%		MD - 80.00%		Paid Off - 360		01-Jan-2005
1000302880 1			300,000.00		298,966.75			13-Jul-2005		8.850%		CA - 75.00%		Paid Off - 360		01-Feb-2005
1000317311 1			201,000.00		199,884.20			27-Jul-2005		6.450%		CA - 68.60%		Paid Off - 360		01-Feb-2005
1000317357 1			459,000.00		459,000.00			07-Jul-2005		6.000%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000425052 1			50,000.00		49,799.36			07-Jul-2005		8.100%		WI - 69.44%		Paid Off - 360		01-Feb-2005
Page 18 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
August 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
1000467729 1			157,500.00		157,005.10			13-Jul-2005		9.300%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000476568 1			165,750.00		164,881.56			25-Jul-2005		6.750%		MD - 75.00%		Paid Off - 360		01-Feb-2005
1000476817 1			243,150.00		243,150.00			26-Jul-2005		5.950%		AZ - 79.99%		Paid Off - 360		01-Feb-2005
1000494030 1			296,250.00		295,329.85			01-Jul-2005		9.350%		CA - 75.00%		Paid Off - 360		01-Feb-2005
1000496644 1			317,600.00		315,936.06			15-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000504573 1			106,800.00		106,358.34			13-Jul-2005		7.950%		OR - 80.00%		Paid Off - 360		01-Feb-2005
1000506367 1			165,300.00		164,718.85			22-Jul-2005		8.750%		NJ - 95.00%		Paid Off - 360		01-Feb-2005
1000508828 1			222,500.00		221,276.62			18-Jul-2005		6.500%		MD - 82.41%		Paid Off - 360		01-Feb-2005
1000512083 1			92,000.00		91,517.95			11-Jul-2005		6.750%		FL - 54.12%		Paid Off - 360		01-Feb-2005
1000515703 1			337,500.00		335,675.57			01-Jul-2005		6.588%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000520742 1			432,000.00		432,000.00			07-Jul-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000522250 1			279,000.00		279,000.00			25-Jul-2005		6.550%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000522633 1			172,250.00		171,501.22			12-Jul-2005		7.700%		CA - 65.00%		Paid Off - 360		01-Feb-2005
1000524356 1			300,600.00		300,600.00			05-Jul-2005		5.950%		CA - 88.41%		Paid Off - 360		01-Feb-2005
1000530385 1			187,000.00		185,866.82			08-Jul-2005		5.990%		CA - 83.11%		Paid Off - 360		01-Feb-2005
1000537823 1			320,000.00		318,008.95			05-Jul-2005		5.850%		MA - 80.00%		Paid Off - 360		01-Feb-2005
1000538118 1			80,000.00		79,798.66			05-Jul-2005		10.350%		MA - 20.00%		Paid Off - 360		01-Feb-2005
1000538396 1			61,750.00		61,535.09			26-Jul-2005		8.800%		FL - 95.00%		Paid Off - 360		01-Feb-2005
1000540123 1			206,500.00		205,671.49			14-Jul-2005		8.100%		WA - 70.00%		Paid Off - 360		01-Feb-2005
1000555205 1			134,000.00		133,268.44			18-Jul-2005		6.900%		CA - 79.76%		Paid Off - 360		01-Feb-2005
1000555599 1			375,700.00		375,700.00			11-Jul-2005		6.375%		CA - 85.00%		Paid Off - 360		01-Feb-2005
1000556375 1			157,500.00		156,835.52			22-Jul-2005		7.850%		DC - 75.00%		Paid Off - 360		01-Feb-2005
1932849 1			80,750.00		80,750.00			01-Jan-1900		9.100%		MI - 95.00%		Repur/Subs - 360		01-Jan-2005
1000061881 1			584,982.00		581,559.44			01-Jan-1900		6.990%		CA - 90.00%		Repur/Subs - 360		01-Jan-2005
1000157751 1			364,000.00		363,844.38			01-Jan-1900		5.850%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000157877 1			#######		312,000.00			01-Jan-1900		6.490%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000170460 1			208,400.00		207,212.44			01-Jan-1900		7.125%		MN - 80.00%		Repur/Subs - 360		01-Jan-2005
1000194596 1			316,800.00		316,800.00			01-Jan-1900		5.990%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000197860 1			99,000.00		98,504.95			01-Jan-1900		6.990%		MA - 66.89%		Repur/Subs - 360		01-Feb-2005
1000241349 1			684,250.00		684,250.00			01-Jan-1900		5.990%		CA - 85.00%		Repur/Subs - 360		01-Jan-2005
1000299992 1			85,000.00		84,721.91			01-Jan-1900		9.100%		FL - 60.28%		Repur/Subs - 360		01-Feb-2005
TOTAL			40,145,466.00		40,054,416.44
Page 19 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
August 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
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
Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Page 18 of 23
Page 20 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.00%
3 Months Avg MDR														0.00%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%
CDR														0.00%
3 Months Avg CDR														0.00%
12 Months Avg CDR														0.00%
Avg CDR Since Cut-off														0.00%
SDA														0.00%
3 Months Avg SDA Approximation														0.00%
12 Months Avg SDA Approximation														0.00%
Avg SDA Since Cut-off Approximation														0.00%
Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%
Page 19 of 23
Page 21 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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 20 of 23
Page 22 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 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 21 of 23
Page 23 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Triggers and Adj. Cert. Report
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
														Total
Current LIBOR Rate														3.~~314380~~460000%
Next LIBOR Rate														0.000000%
Page 22 of 23
Page 24 of 25
Carrington Mortgage Loan Trust 2005-NC2
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC2
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS
			A-1										0.00		0.00
			A-1A										0.00		0.00
			A-1B										0.00		0.00
			A-1C1										0.00		0.00
			A-1C2										0.00		0.00
			A-2										0.00		0.00
			A-3										0.00		0.00
			M-1										0.00		0.00
			M-2										0.00		0.00
			M-3										0.00		0.00
			M-4										0.00		0.00
			M-5										0.00		0.00
			M-6										0.00		0.00
			M-7										0.00		0.00
			M-8										0.00		0.00
			M-9										0.0100		0.00
Page 23 of 23
Page 25 of 25

Filing Compare · Carrington Mortgage Loan Trust 2005-NC2