
                                       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):  October 25, 2005
                         (Date of earliest event reported)

          Asset Backed Funding Corporation (as Depositor under the Pooling
          and Servicing Agreement, dated as June 1, 2004, providing for the
          issuance of ABFC 2005-AQ1 Trust Asset-Backed Certificates,
                                      Series 2004-AQ1)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121564-05                          75-2533468
          (Commission File Number)        (I.R.S. Employer Identification No.)


          214 North Tryon Street
          Charlotte, North Carolina                       28255
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (704) 386-2400


(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
     October 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 Asset Backed Funding
                                  Corporation, Registrant


          Date:  Oct 28, 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 October 25, 2005.



ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Bank of America						1. Certificate Payment Report					2
				Bank of America						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11

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


				Underwriter(s)
				Banc of America Securities LLC


										Total Number of Pages					23
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			June 01, 2005			Hang Luu
				Close Date:			June 07, 2005			Administrator
				First Distribution Date:			July 25, 2005			(714) 247-6000
										hang-thai.luu@db.com
										hang-thai.luu@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1A	SR	$	103,638,000.00		88,778,690.59		282,488.86		7,038,693.46		7,321,182.32		0.00		0.00		81,739,997.13
A-1A	SR	$	103,638,000.00		88,778,690.59		282,488.86		7,038,693.46		7,321,182.32		0.00		0.00		81,739,997.13
A-1B	SR	$	100,000,000.00		85,662,296.26		303,387.30		6,791,614.52		7,095,001.82		0.00		0.00		78,870,681.74
A-2	SR	$	206,669,000.00		206,669,000.00		740,563.92		0.00		740,563.92		0.00		0.00		206,669,000.00
A-3	SR	$	42,406,000.00		42,406,000.00		156,195.43		0.00		156,195.43		0.00		0.00		42,406,000.00
A-4	SR	$	165,805,000.00		165,805,000.00		692,235.88		0.00		692,235.88		0.00		0.00		165,805,000.00
A-5	SR	$	52,291,000.00		52,291,000.00		231,823.43		0.00		231,823.43		0.00		0.00		52,291,000.00
A-6	SR	$	74,534,000.00		74,534,000.00		296,893.77		0.00		296,893.77		0.00		0.00		74,534,000.00
M-1	SUB	$	36,818,000.00		36,818,000.00		160,771.93		0.00		160,771.93		0.00		0.00		36,818,000.00
M-2	SUB	$	13,499,000.00		13,499,000.00		61,195.47		0.00		61,195.47		0.00		0.00		13,499,000.00
M-3	SUB	$	3,273,000.00		3,273,000.00		15,655.85		0.00		15,655.85		0.00		0.00		3,273,000.00
M-4	SUB	$	2,863,000.00		2,863,000.00		13,718.54		0.00		13,718.54		0.00		0.00		2,863,000.00
M-5	SUB	$	2,864,000.00		2,864,000.00		13,723.33		0.00		13,723.33		0.00		0.00		2,864,000.00
M-6	SUB	$	3,273,000.00		3,273,000.00		15,683.13		0.00		15,683.13		0.00		0.00		3,273,000.00
B-1	SUB/NOF	$	3,272,000.00		3,272,000.00		15,678.33		0.00		15,678.33		0.00		0.00		3,272,000.00
B-2	SUB/NOF	$	3,682,000.00		3,682,000.00		17,642.92		0.00		17,642.92		0.00		0.00		3,682,000.00
CE	SEQ/NOF	$	3,273,065.83		3,272,640.66		1,183,132.18		0.00		1,183,132.18		0.00		0.00		3,272,640.66
P	SEQ/NOF	$	100.00		100.00		220,904.79		0.00		220,904.79		0.00		0.00		100.00
R	RES/NPR	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			818,160,165.83		788,962,727.51		4,421,695.06		13,830,307.98		18,252,003.04		0.00		0.00		775,132,419.53
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	09/26/05		10/24/05		A-Act/360		04542BMP4		103,638,000.00		856.622963		2.725727		67.916145		70.641872	788.706817
A-1B	09/01/05		09/30/05		F-30/360		04542BNB4		100,000,000.00		856.622963		3.033873		67.916145		70.950018	788.706817
A-2	09/01/05		09/30/05		F-30/360		04542BMQ2		206,669,000.00		1,000.000000		3.583333		0.000000		3.583333	1,000.000000
A-3	09/01/05		09/30/05		F-30/360		04542BMR0		42,406,000.00		1,000.000000		3.683333		0.000000		3.683333	1,000.000000
A-4	09/01/05		09/30/05		F-30/360		04542BMS8		165,805,000.00		1,000.000000		4.175000		0.000000		4.175000	1,000.000000
A-5	09/01/05		09/30/05		F-30/360		04542BMT6		52,291,000.00		1,000.000000		4.433333		0.000000		4.433333	1,000.000000
A-6	09/01/05		09/30/05		F-30/360		04542BMU3		74,534,000.00		1,000.000000		3.983333		0.000000		3.983333	1,000.000000
M-1	09/01/05		09/30/05		F-30/360		04542BMV1		36,818,000.00		1,000.000000		4.366667		0.000000		4.366667	1,000.000000
M-2	09/01/05		09/30/05		F-30/360		04542BMW9		13,499,000.00		1,000.000000		4.533334		0.000000		4.533334	1,000.000000
M-3	09/01/05		09/30/05		F-30/360		04542BMX7		3,273,000.00		1,000.000000		4.783333		0.000000		4.783333	1,000.000000
M-4	09/01/05		09/30/05		F-30/360		04542BMY5		2,863,000.00		1,000.000000		4.791666		0.000000		4.791666	1,000.000000
M-5	09/01/05		09/30/05		F-30/360		04542BMZ2		2,864,000.00		1,000.000000		4.791666		0.000000		4.791666	1,000.000000
M-6	09/01/05		09/30/05		F-30/360		04542BNA6		3,273,000.00		1,000.000000		4.791668		0.000000		4.791668	1,000.000000
B-1	09/01/05		09/30/05		F-30/360		04542BMM1		3,272,000.00		1,000.000000		4.791666		0.000000		4.791666	1,000.000000
B-2	09/01/05		09/30/05		F-30/360		04542BMN9		3,682,000.00		1,000.000000		4.791668		0.000000		4.791668	1,000.000000
CE	09/01/05		09/30/05		F-30/360				3,273,065.83		999.870100		361.475217		0.000000		361.475217	999.870100
P	09/01/05		09/30/05		F-30/360				100.00		1,000.000000		2,209,047.900000		0.000000		2,209,047.900000	1,000.000000
R	09/01/05		09/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

Distribution to Date - REMIC II
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	103,638,000.00		1,356,597.56		20,009,513.75		1,888,489.12		21,898,002.87		23,254,600.43		0.00		0.00		81,739,997.13
A-1B	100,000,000.00		1,318,665.73		19,307,120.69		1,822,197.57		21,129,318.26		22,447,983.99		0.00		0.00		78,870,681.74
A-2	206,669,000.00		2,962,255.68		0.00		0.00		0.00		2,962,255.68		0.00		0.00		206,669,000.00
A-3	42,406,000.00		624,781.72		0.00		0.00		0.00		624,781.72		0.00		0.00		42,406,000.00
A-4	165,805,000.00		2,768,943.52		0.00		0.00		0.00		2,768,943.52		0.00		0.00		165,805,000.00
A-5	52,291,000.00		927,293.72		0.00		0.00		0.00		927,293.72		0.00		0.00		52,291,000.00
A-6	74,534,000.00		1,187,575.08		0.00		0.00		0.00		1,187,575.08		0.00		0.00		74,534,000.00
M-1	36,818,000.00		643,087.72		0.00		0.00		0.00		643,087.72		0.00		0.00		36,818,000.00
M-2	13,499,000.00		244,781.88		0.00		0.00		0.00		244,781.88		0.00		0.00		13,499,000.00
M-3	3,273,000.00		62,623.40		0.00		0.00		0.00		62,623.40		0.00		0.00		3,273,000.00
M-4	2,863,000.00		54,874.16		0.00		0.00		0.00		54,874.16		0.00		0.00		2,863,000.00
M-5	2,864,000.00		54,893.32		0.00		0.00		0.00		54,893.32		0.00		0.00		2,864,000.00
M-6	3,273,000.00		62,732.52		0.00		0.00		0.00		62,732.52		0.00		0.00		3,273,000.00
B-1	3,272,000.00		62,713.32		0.00		0.00		0.00		62,713.32		0.00		0.00		3,272,000.00
B-2	3,682,000.00		70,571.68		0.00		0.00		0.00		70,571.68		0.00		0.00		3,682,000.00
CE	3,273,065.83		4,742,361.70		376.15		49.02		425.17		4,742,786.87		0.00		0.00		3,272,640.66
P	100.00		635,367.97		0.00		0.00		0.00		635,367.97		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	818,160,165.83		17,780,120.68		39,317,010.59		3,710,735.71		43,027,746.30		60,807,866.98		0.00		0.00		775,132,419.53


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

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.95000%		88,778,690.59		282,488.86		0.00		0.00		0.00		282,488.86		282,488.86		0.00
A-1B	4.25000%		85,662,296.26		303,387.30		0.00		0.00		0.00		303,387.30		303,387.30		0.00
A-2	4.30000%		206,669,000.00		740,563.92		0.00		0.00		0.00		740,563.92		740,563.92		0.00
A-3	4.42000%		42,406,000.00		156,195.43		0.00		0.00		0.00		156,195.43		156,195.43		0.00
A-4	5.01000%		165,805,000.00		692,235.88		0.00		0.00		0.00		692,235.88		692,235.88		0.00
A-5	5.32000%		52,291,000.00		231,823.43		0.00		0.00		0.00		231,823.43		231,823.43		0.00
A-6	4.78000%		74,534,000.00		296,893.77		0.00		0.00		0.00		296,893.77		296,893.77		0.00
M-1	5.24000%		36,818,000.00		160,771.93		0.00		0.00		0.00		160,771.93		160,771.93		0.00
M-2	5.44000%		13,499,000.00		61,195.47		0.00		0.00		0.00		61,195.47		61,195.47		0.00
M-3	5.74000%		3,273,000.00		15,655.85		0.00		0.00		0.00		15,655.85		15,655.85		0.00
M-4	5.75000%		2,863,000.00		13,718.54		0.00		0.00		0.00		13,718.54		13,718.54		0.00
M-5	5.75000%		2,864,000.00		13,723.33		0.00		0.00		0.00		13,723.33		13,723.33		0.00
M-6	5.75000%		3,273,000.00		15,683.13		0.00		0.00		0.00		15,683.13		15,683.13		0.00
B-1	5.75000%		3,272,000.00		15,678.33		0.00		0.00		0.00		15,678.33		15,678.33		0.00
B-2	5.75000%		3,682,000.00		17,642.92		0.00		0.00		0.00		17,642.92		17,642.92		0.00
CE	0.00000%		3,272,640.66		0.00		0.00		0.00		0.00		0.00		1,183,132.18		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		220,904.79		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			788,962,727.51		3,017,658.09		0.00		0.00		0.00		3,017,658.09		4,421,695.06		0.00



Page 3 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														13,830,307.98
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														13,830,307.98
Interest Collections														4,408,675.47
Interest Withdrawals														-0.00
Interest Other Accounts														220,904.79
Interest Fees														-207,885.20
TOTAL NET INTEREST														4,421,695.06
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														18,252,003.04



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															920,055.02
Curtailments															144,280.84
Prepayments In Full															12,765,972.12
Repurchased/Substitutions															0.00
Liquidations															0.00
Other Additional Principal															0.00
Delinquent Principal															-331,296.09
Realized Losses															-0.00
Advanced Principal															331,296.09
TOTAL PRINCIPAL COLLECTED															13,830,307.98


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														4,531,168.41
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-11,429.49
Delinquent Interest														-1,710,007.96
Compensating Interest														11,429.49
Civil Relief Act Shortfalls														-0.00
Interest Advanced														1,587,515.02
TOTAL INTEREST COLLECTED														4,408,675.47


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														220,904.79
TOTAL INTEREST OTHER ACCOUNTS														220,904.79



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														206,241.53
Trustee FEES														1,643.67
TOTAL INTEREST FEES														207,885.20




Page 5 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS


SPACE INTENTIONALLY LEFT BLANK





INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

														Total
Overcollateralization Amount														3,272,640.66
Overcollateralization Target Amount														3,272,640.66
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00



Page 6 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														4,813
Prior														4,665
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-70
Repurchases														-0
Liquidations														-0
Current														4,595
Principal Balance:


Original														818,160,165.83
Prior														788,962,727.51
Prefunding														0.00
Scheduled Principal														-920,055.02
Partial Prepayments														-144,280.84
Full Voluntary Prepayments														-12,765,972.12
Repurchases														-0.00
Liquidations														-0.00
Current														775,132,419.53





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.90623%
Weighted Average Coupon Prior														6.89689%
Weighted Average Coupon Current														6.89184%
Weighted Average Months to Maturity Original														333
Weighted Average Months to Maturity Prior														330
Weighted Average Months to Maturity Current														329
Weighted Avg Remaining Amortization Term Original														333
Weighted Avg Remaining Amortization Term Prior														330
Weighted Avg Remaining Amortization Term Current														329
Weighted Average Seasoning Original														3.55
Weighted Average Seasoning Prior														5.55
Weighted Average Seasoning Current														6.55









Page 8 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														0.00000%
Weighted Average Margin Prior														0.00000%
Weighted Average Margin Current														0.00000%
Weighted Average Max Rate Original														0.00000%
Weighted Average Max Rate Prior														0.00000%
Weighted Average Max Rate Current														0.00000%
Weighted Average Min Rate Original														0.00000%
Weighted Average Min Rate Prior														0.00000%
Weighted Average Min Rate Current														0.00000%
Weighted Average Cap Up Original														0.00000%
Weighted Average Cap Up Prior														0.00000%
Weighted Average Cap Up Current														0.00000%
Weighted Average Cap Down Original														0.00000%
Weighted Average Cap Down Prior														0.00000%
Weighted Average Cap Down Current														0.00000%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														206,241.53
Delinquent Servicing Fees														122,492.94
TOTAL SERVICING FEES														328,734.49


Servicing Fees														328,734.49
Compensating Interest														-11,429.49
Delinquent Servicing Fees														-122,492.94
COLLECTED SERVICING FEES														194,812.06


Total Advanced Interest														1,587,515.02
Total Advanced Principal														331,296.09
Aggregate Advances with respect to this Distribution														0.00





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														11,429.49
Compensating Interest														-11,429.49
Net Prepayment Interest Shortfall (PPIS)														0.00

Libor For Current Period														3.8300%

Libor For Next Period														0.0000%




Page 9 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				1,922,305.75		188,508.15		71,261.22		2,182,075.12
			% Balance				0.25%		0.02%		0.01%		0.28%
			# Loans				16		2		1		19
			% # Loans				0.35%		0.04%		0.02%		0.41%
	FORECLOSURE		Balance		0.00		0.00		0.00		124,649.76		124,649.76
			% Balance		0.00%		0.00%		0.00%		0.02%		0.02%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	BANKRUPTCY		Balance		749,155.44		0.00		0.00		0.00		749,155.44
			% Balance		0.10%		0.00%		0.00%		0.00%		0.10%
			# Loans		7		0		0		0		7
			% # Loans		0.15%		0.00%		0.00%		0.00%		0.15%
	REO		Balance		0.00		0.00		0.00		66,436.50		66,436.50
			% Balance		0.00%		0.00%		0.00%		0.01%		0.01%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.02%		0.02%
	TOTAL		Balance		749,155.44		1,922,305.75		188,508.15		262,347.48		3,122,316.82
			% Balance		0.10%		0.25%		0.02%		0.03%		0.40%
			# Loans		7		16		2		4		29
			% # Loans		0.15%		0.35%		0.04%		0.09%		0.63%









Page 10 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 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
109606202 1
109606202 1			66,617.44		66,436.50		01-Apr-2005		8.100%		MI - 39.01%		360		01-Apr-2005



TOTAL			66,617.44		66,436.50


Page 11 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 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
109987784 1
109987784 1			63,871.39		63,608.80		01-Apr-2005		8.300%		AZ - 42.87%		300		01-May-2005

110977907 1			61,147.88		61,040.96		01-Apr-2005		10.200%		FL - 90.00%		360		01-May-2005


TOTAL			125,019.27		124,649.76


Page 12 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														70
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														70
Curtailments Amount														144,280.84
Paid in Full Balance														12,765,972.12
Repurchased Loans Balance														0.00
Total Prepayment Amount														12,910,252.96

Cumulative


Number of Paid in Full Loans														216
Number of Repurchased Loans														2
Total Number of Loans Prepaid in Full														218
Paid in Full Balance														38,484,394.21
Repurchased Loans Balance														259,295.83
Curtailments Amount														573,320.56
Total Prepayment Amount														39,317,010.60










Page 13 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														1.64%
3 Months Avg SMM														1.34%
12 Months Avg SMM														1.23%
Avg SMM Since Cut-off														1.23%


CPR														17.98%
3 Months Avg CPR														14.99%
12 Months Avg CPR														13.78%
Avg CPR Since Cut-off														13.78%


PSA														1,373.34%
3 Months Avg PSA Approximation														1,350.82%
12 Months Avg PSA Approximation														1,364.37%
Avg PSA Since Cut-off Approximation														1,364.37%










Page 14 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 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
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 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 Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

102053543 1			150,550.27		150,261.03			05-Oct-2005		8.450%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
			150,550.27

103505483 1			183,608.23		183,059.04			04-Oct-2005		6.250%		WI - 90.00%		Paid Off - 360		01-Feb-2005
103505483 1					183,059.04			04-Oct-2005		6.250%		WI - 90.00%		Paid Off - 360		01-Feb-2005
104794284 1			95,663.59		95,456.41			04-Oct-2005		7.850%		GA - 76.80%		Paid Off - 360		01-Feb-2005
104794284 1					95,456.41			04-Oct-2005		7.850%		GA - 76.80%		Paid Off - 360		01-Feb-2005
105561963 1			98,692.26		98,429.85			29-Sep-2005		6.750%		GA - 83.61%		Paid Off - 360		01-Apr-2005
105561963 1					98,429.85			29-Sep-2005		6.750%		GA - 83.61%		Paid Off - 360		01-Apr-2005
106120785 1			363,506.10		362,495.95			06-Oct-2005		6.500%		CA - 79.71%		Paid Off - 360		01-Apr-2005
106120785 1					362,495.95			06-Oct-2005		6.500%		CA - 79.71%		Paid Off - 360		01-Apr-2005
107473704 1			153,525.54		153,163.57			15-Sep-2005		7.750%		IL - 89.63%		Paid Off - 360		01-Apr-2005
107473704 1					153,163.57			15-Sep-2005		7.750%		IL - 89.63%		Paid Off - 360		01-Apr-2005
108010984 1			366,293.10		365,571.51			04-Oct-2005		8.250%		MD - 89.81%		Paid Off - 360		01-Apr-2005
108010984 1					365,571.51			04-Oct-2005		8.250%		MD - 89.81%		Paid Off - 360		01-Apr-2005
108024001 1			253,812.70		253,114.08			15-Sep-2005		6.550%		CA - 74.18%		Paid Off - 360		01-Apr-2005
108024001 1					253,114.08			15-Sep-2005		6.550%		CA - 74.18%		Paid Off - 360		01-Apr-2005
108179581 1			210,840.60		210,171.59			06-Oct-2005		5.800%		NY - 43.76%		Paid Off - 360		01-Apr-2005
108179581 1					210,171.59			06-Oct-2005		5.800%		NY - 43.76%		Paid Off - 360		01-Apr-2005
108343567 1			107,633.82		107,193.12			05-Oct-2005		6.750%		FL - 90.00%		Paid Off - 360		01-May-2005
108343567 1					107,193.12			05-Oct-2005		6.750%		FL - 90.00%		Paid Off - 360		01-May-2005
108392267 1			74,034.99		73,602.89			03-Oct-2005		7.300%		FL - 45.78%		Paid Off - 360		01-Apr-2005
108392267 1					73,602.89			03-Oct-2005		7.300%		FL - 45.78%		Paid Off - 360		01-Apr-2005
108478223 1			224,584.47		223,794.31			20-Sep-2005		7.500%		NJ - 90.00%		Paid Off - 300		01-Apr-2005
108478223 1					223,794.31			20-Sep-2005		7.500%		NJ - 90.00%		Paid Off - 300		01-Apr-2005
108514969 1			96,182.72		95,041.81			23-Sep-2005		8.400%		NY - 30.33%		Paid Off - 180		01-Apr-2005
108514969 1					95,041.81			23-Sep-2005		8.400%		NY - 30.33%		Paid Off - 180		01-Apr-2005
108564220 1			430,690.96		429,362.35			12-Sep-2005		5.950%		CA - 75.04%		Paid Off - 360		01-Apr-2005
108564220 1					429,362.35			12-Sep-2005		5.950%		CA - 75.04%		Paid Off - 360		01-Apr-2005
108576521 1			140,194.51		139,883.14			30-Sep-2005		7.650%		NJ - 56.93%		Paid Off - 360		01-Apr-2005
108576521 1					139,883.14			30-Sep-2005		7.650%		NJ - 56.93%		Paid Off - 360		01-Apr-2005
108742685 1			147,699.45		147,392.87			28-Sep-2005		7.990%		FL - 65.21%		Paid Off - 360		01-Apr-2005
108742685 1					147,392.87			28-Sep-2005		7.990%		FL - 65.21%		Paid Off - 360		01-Apr-2005
108765645 1			477,793.61		476,465.87			03-Oct-2005		6.500%		CA - 84.98%		Paid Off - 360		01-Apr-2005
108765645 1					476,465.87			03-Oct-2005		6.500%		CA - 84.98%		Paid Off - 360		01-Apr-2005
108784281 1			138,509.27		138,142.42			12-Sep-2005		6.750%		MD - 90.00%		Paid Off - 360		01-Apr-2005
108784281 1					138,142.42			12-Sep-2005		6.750%		MD - 90.00%		Paid Off - 360		01-Apr-2005
109023226 1			134,447.42		133,886.23			07-Oct-2005		6.400%		CA - 89.97%		Paid Off - 300		01-Apr-2005
109023226 1					133,886.23			07-Oct-2005		6.400%		CA - 89.97%		Paid Off - 300		01-Apr-2005
109064626 1			207,925.93		207,342.55			04-Oct-2005		6.450%		NJ - 81.00%		Paid Off - 360		01-Apr-2005
109064626 1					207,342.55			04-Oct-2005		6.450%		NJ - 81.00%		Paid Off - 360		01-Apr-2005
109091561 1			134,764.58		134,405.50			29-Sep-2005		6.700%		CA - 79.96%		Paid Off - 360		01-May-2005
109091561 1					134,405.50			29-Sep-2005		6.700%		CA - 79.96%		Paid Off - 360		01-May-2005
109263426 1			116,701.94		116,398.75			27-Sep-2005		6.850%		FL - 76.42%		Paid Off - 360		01-Apr-2005
109263426 1					116,398.75			27-Sep-2005		6.850%		FL - 76.42%		Paid Off - 360		01-Apr-2005
109323741 1			170,153.77		169,800.58			13-Sep-2005		7.990%		FL - 74.40%		Paid Off - 360		01-Apr-2005
109323741 1					169,800.58			13-Sep-2005		7.990%		FL - 74.40%		Paid Off - 360		01-Apr-2005
109395608 1			141,711.11		141,354.21			03-Oct-2005		7.990%		CA - 59.36%		Paid Off - 360		01-Apr-2005
109395608 1					141,354.21			03-Oct-2005		7.990%		CA - 59.36%		Paid Off - 360		01-Apr-2005
109476523 1			139,692.53		139,379.18			05-Oct-2005		7.600%		CA - 72.39%		Paid Off - 360		01-Apr-2005
109476523 1					139,379.18			05-Oct-2005		7.600%		CA - 72.39%		Paid Off - 360		01-Apr-2005
109539742 1			74,795.46		74,587.58			03-Oct-2005		6.500%		MN - 43.91%		Paid Off - 360		01-Apr-2005
109539742 1					74,587.58			03-Oct-2005		6.500%		MN - 43.91%		Paid Off - 360		01-Apr-2005
109567362 1			71,846.55		71,690.11			05-Oct-2005		7.750%		MD - 50.08%		Paid Off - 360		01-Apr-2005
109567362 1					71,690.11			05-Oct-2005		7.750%		MD - 50.08%		Paid Off - 360		01-Apr-2005
109702142 1			518,947.39		513,740.66			21-Sep-2005		6.150%		HI - 80.00%		Paid Off - 360		01-May-2005
109702142 1					513,740.66			21-Sep-2005		6.150%		HI - 80.00%		Paid Off - 360		01-May-2005
109966705 1			264,196.98		263,381.96			19-Sep-2005		5.950%		CA - 67.05%		Paid Off - 360		01-Apr-2005
109966705 1					263,381.96			19-Sep-2005		5.950%		CA - 67.05%		Paid Off - 360		01-Apr-2005
110010626 1			169,590.87		169,114.47			12-Sep-2005		6.450%		CA - 82.29%		Paid Off - 360		01-Apr-2005
110010626 1					169,114.47			12-Sep-2005		6.450%		CA - 82.29%		Paid Off - 360		01-Apr-2005
110064425 1			248,458.11		247,905.31			06-Oct-2005		7.650%		CA - 78.50%		Paid Off - 360		01-Apr-2005
110064425 1					247,905.31			06-Oct-2005		7.650%		CA - 78.50%		Paid Off - 360		01-Apr-2005
110109386 1			101,503.12		100,775.06			03-Oct-2005		7.050%		FL - 65.29%		Paid Off - 360		01-Apr-2005
110109386 1					100,775.06			03-Oct-2005		7.050%		FL - 65.29%		Paid Off - 360		01-Apr-2005
110123981 1			238,778.47		237,983.40			29-Sep-2005		7.800%		IL - 62.89%		Paid Off - 300		01-May-2005
110123981 1					237,983.40			29-Sep-2005		7.800%		IL - 62.89%		Paid Off - 300		01-May-2005
110435526 1			148,177.13		147,848.03			22-Sep-2005		7.650%		FL - 89.46%		Paid Off - 360		01-Apr-2005
110435526 1					147,848.03			22-Sep-2005		7.650%		FL - 89.46%		Paid Off - 360		01-Apr-2005
110826062 1			173,926.57		172,840.22			03-Oct-2005		6.600%		CA - 63.06%		Paid Off - 240		01-Apr-2005
110826062 1					172,840.22			03-Oct-2005		6.600%		CA - 63.06%		Paid Off - 240		01-Apr-2005
110838729 1			232,451.97		231,793.52			27-Sep-2005		6.400%		MD - 84.00%		Paid Off - 360		01-Apr-2005
110838729 1					231,793.52			27-Sep-2005		6.400%		MD - 84.00%		Paid Off - 360		01-Apr-2005
110900842 1			137,465.48		137,225.72			16-Sep-2005		8.850%		FL - 90.00%		Paid Off - 360		01-Apr-2005
110900842 1					137,225.72					8.850%		FL - 90.00%		Paid Off - 360


Page 16 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

110966223 1			219,655.72		219,131.46			29-Sep-2005		7.250%		PA - 68.74%		Paid Off - 360		01-May-2005
			219,655.72

111059804 1			193,148.04		192,621.48			23-Sep-2005		6.600%		MD - 90.00%		Paid Off - 360		01-Apr-2005
111059804 1					192,621.48			23-Sep-2005		6.600%		MD - 90.00%		Paid Off - 360		01-Apr-2005
111104949 1			300,915.67		300,224.74			30-Sep-2005		8.990%		GA - 90.00%		Paid Off - 360		01-May-2005
111104949 1					300,224.74			30-Sep-2005		8.990%		GA - 90.00%		Paid Off - 360		01-May-2005
111162863 1			191,758.42		191,238.97			23-Sep-2005		6.600%		PA - 85.00%		Paid Off - 360		01-May-2005
111162863 1					191,238.97			23-Sep-2005		6.600%		PA - 85.00%		Paid Off - 360		01-May-2005
111171781 1			438,129.81		436,860.63			26-Sep-2005		6.250%		CA - 73.83%		Paid Off - 360		01-May-2005
111171781 1					436,860.63			26-Sep-2005		6.250%		CA - 73.83%		Paid Off - 360		01-May-2005
111212809 1			79,211.21		79,075.54			03-Oct-2005		8.900%		MI - 68.66%		Paid Off - 360		01-May-2005
111212809 1					79,075.54			03-Oct-2005		8.900%		MI - 68.66%		Paid Off - 360		01-May-2005
111415766 1			121,361.11		121,148.94			06-Oct-2005		8.800%		GA - 90.00%		Paid Off - 360		01-May-2005
111415766 1					121,148.94			06-Oct-2005		8.800%		GA - 90.00%		Paid Off - 360		01-May-2005
111424768 1			187,224.82		186,654.99			04-Oct-2005		5.990%		WI - 76.61%		Paid Off - 360		01-May-2005
111424768 1					186,654.99			04-Oct-2005		5.990%		WI - 76.61%		Paid Off - 360		01-May-2005
111485280 1			126,767.51		126,414.07			07-Oct-2005		6.450%		CA - 81.57%		Paid Off - 360		01-May-2005
111485280 1					126,414.07			07-Oct-2005		6.450%		CA - 81.57%		Paid Off - 360		01-May-2005
111772042 1			123,888.66		123,718.15			15-Sep-2005		9.950%		FL - 80.00%		Paid Off - 360		01-May-2005
111772042 1					123,718.15			15-Sep-2005		9.950%		FL - 80.00%		Paid Off - 360		01-May-2005
111932745 1			194,507.25		193,910.78			06-Oct-2005		5.950%		FL - 60.36%		Paid Off - 360		01-May-2005
111932745 1					193,910.78			06-Oct-2005		5.950%		FL - 60.36%		Paid Off - 360		01-May-2005
112014048 1			185,382.97		185,119.61			30-Sep-2005		9.800%		AZ - 85.00%		Paid Off - 360		01-May-2005
112014048 1					185,119.61			30-Sep-2005		9.800%		AZ - 85.00%		Paid Off - 360		01-May-2005
112058300 1			224,154.59		223,553.13			04-Oct-2005		6.650%		CA - 90.00%		Paid Off - 360		01-May-2005
112058300 1					223,553.13			04-Oct-2005		6.650%		CA - 90.00%		Paid Off - 360		01-May-2005
112204003 1			222,772.27		222,245.76			13-Sep-2005		7.300%		SC - 90.00%		Paid Off - 360		01-May-2005
112204003 1					222,245.76			13-Sep-2005		7.300%		SC - 90.00%		Paid Off - 360		01-May-2005
112355565 1			281,442.29		280,594.85			03-Oct-2005		6.050%		CA - 75.64%		Paid Off - 360		01-May-2005
112355565 1					280,594.85			03-Oct-2005		6.050%		CA - 75.64%		Paid Off - 360		01-May-2005
112536883 1			94,998.56		94,279.50			04-Oct-2005		9.850%		WI - 79.58%		Paid Off - 180		01-May-2005
112536883 1					94,279.50			04-Oct-2005		9.850%		WI - 79.58%		Paid Off - 180		01-May-2005
112696646 1			103,873.53		103,680.44			16-Sep-2005		8.500%		MD - 89.64%		Paid Off - 360		01-May-2005
112696646 1					103,680.44			16-Sep-2005		8.500%		MD - 89.64%		Paid Off - 360		01-May-2005
112721089 1			129,771.08		129,422.93			23-Sep-2005		6.650%		MD - 53.31%		Paid Off - 360		01-May-2005
112721089 1					129,422.93			23-Sep-2005		6.650%		MD - 53.31%		Paid Off - 360		01-May-2005
113001341 1			138,834.43		138,581.59			28-Sep-2005		8.600%		FL - 78.98%		Paid Off - 360		01-May-2005
113001341 1					138,581.59			28-Sep-2005		8.600%				Paid Off - 360		01-May-2005
113204440 1			60,069.98		58,969.30			03-Oct-2005		7.700%		OH - 46.73%		Paid Off - 120		01-May-2005
113204440 1					58,969.30			03-Oct-2005		7.700%		OH - 46.73%		Paid Off - 120		01-May-2005
113242721 1			99,417.54		98,529.29			13-Sep-2005		7.950%		GA - 76.05%		Paid Off - 180		01-May-2005
113242721 1					98,529.29			13-Sep-2005		7.950%		GA - 76.05%		Paid Off - 180		01-May-2005
113624167 1			56,079.41		54,891.62			27-Sep-2005		9.950%		MD - 85.71%		Paid Off - 360		01-May-2005
113624167 1					54,891.62			27-Sep-2005		9.950%		MD - 85.71%		Paid Off - 360		01-May-2005
113816425 1			163,618.56		163,243.13			04-Oct-2005		7.450%		FL - 79.93%		Paid Off - 360		01-May-2005
113816425 1					163,243.13			04-Oct-2005		7.450%		FL - 79.93%		Paid Off - 360		01-May-2005
114007321 1			578,951.46		576,944.88			05-Oct-2005		7.350%		IL - 84.99%		Paid Off - 360		01-May-2005
114007321 1					576,944.88			05-Oct-2005		7.350%		IL - 84.99%		Paid Off - 360		01-May-2005
114158827 1			99,603.56		99,390.14			28-Sep-2005		7.990%		FL - 68.99%		Paid Off - 360		01-May-2005
114158827 1					99,390.14			28-Sep-2005		7.990%		FL - 68.99%		Paid Off - 360		01-May-2005
114176464 1			59,929.99		59,823.06			05-Oct-2005		8.700%		FL - 36.85%		Paid Off - 360		01-May-2005
114176464 1					59,823.06			05-Oct-2005		8.700%		FL - 36.85%		Paid Off - 360		01-May-2005
114181324 1			222,877.87		222,219.82			05-Oct-2005		6.150%		CA - 59.60%		Paid Off - 360		01-May-2005
114181324 1					222,219.82			05-Oct-2005		6.150%		CA - 59.60%		Paid Off - 360		01-May-2005
114263809 1			160,510.84		159,476.96			22-Sep-2005		6.250%		WI - 82.50%		Paid Off - 360		01-May-2005
114263809 1					159,476.96			22-Sep-2005		6.250%		WI - 82.50%		Paid Off - 360		01-May-2005
114332208 1			128,059.03		127,768.08			30-Sep-2005		7.500%		FL - 95.00%		Paid Off - 360		01-May-2005
114332208 1					127,768.08			30-Sep-2005		7.500%		FL - 95.00%		Paid Off - 360		01-May-2005
114517469 1			146,809.95		146,519.98			30-Sep-2005		8.200%		PA - 72.63%		Paid Off - 360		01-May-2005
114517469 1					146,519.98			30-Sep-2005		8.200%		PA - 72.63%		Paid Off - 360		01-May-2005
114595507 1			110,095.43		109,859.78			07-Oct-2005		7.800%		OH - 87.50%		Paid Off - 360		01-May-2005
114595507 1					109,859.78			07-Oct-2005		7.800%		OH - 87.50%		Paid Off - 360		01-May-2005
114998842 1			111,384.16		110,443.74			03-Oct-2005		8.600%		MO - 83.58%		Paid Off - 180		01-May-2005
114998842 1					110,443.74			03-Oct-2005		8.600%		MO - 83.58%		Paid Off - 180		01-May-2005
115094302 1			116,350.91		115,359.93			13-Sep-2005		8.500%		MD - 64.99%		Paid Off - 180		01-May-2005
115094302 1					115,359.93			13-Sep-2005		8.500%		MD - 64.99%		Paid Off - 180		01-May-2005


TOTAL			12,810,908.20		12,765,972.12
TOTAL


Page 17 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



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

Cumulative
Cumulative



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










Page 18 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 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
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 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
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

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




TOTAL



Page 21 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Has Stepdown Condition occurred (0 = No, 1=Yes)								0

						Does a Trigger Event Exist-Either a) or b) Yes?								0

						60+ days Delinquency Balance								1,200,011.07
						Ending Collateral Balance								775,132,419.53
						Delinquency Percentage								0.1158%

						Senior Enhancement Percentage								9.394100%

						Cumulative Loss Percentage								0.0000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

SPACE INTENTIONALLY LEFT BLANK




Page 22 of 23
ABFC Trust 2005-AQ1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-AQ1

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT


CLASS







Page 23 of 23

ABFC 2005-AQ1 Trust 8-K