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): ~~August~~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 ~~August~~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: ~~Aug~~Oct 2628, 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 ~~August~~October 25, 2005.

ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Bank of America
										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
										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										10. Realized Loss Report					18
										11. Realized Loss Detail Report					21
				Servicer(s)
										12. Triggers and Adj. Cert. Report					22
				Ameriquest Mortgage Corp
										13. Additional Certificate Report					23
				Underwriter(s)
				Banc of America Securities LLC
										Total Number of Pages					23
				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
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~August~~October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~July~~September 2930, 2005
										Main Phone Number:			(714) 247-6000
							August 24, 2005
							October 24, 2005
										https://www.tss.db.com/invr
Page 1 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1A	SR	$	103,638,000.00		9988,~~513~~778,~~126~~690.5359		~~306~~282,~~776~~488.86		57,~~568~~038,~~465~~693.3446		57,~~875~~321,~~242~~182.2032		0.00		0.00		9381,~~944~~739,~~661~~997.1913
A-1B	SR	$	100,000,000.00		9685,~~019~~662,~~921~~296.7826		~~340~~303,~~070~~387.5630		56,~~372~~791,~~995~~614.7552		57,~~713~~095,~~066~~001.3182		0.00		0.00		9078,~~646~~870,~~926~~681.0374
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,~~241~~183,~~122~~132.3518		0.00		1,~~241~~183,~~122~~132.3518		0.00		0.00		3,272,640.66
P	SEQ/NOF	$	100.00		100.00		~~177~~220,~~286~~904.8379		0.00		~~177~~220,~~286~~904.8379		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		~~810~~788,~~054~~962,~~788~~727.9751		4,~~497~~421,~~038~~695.5306		1013,~~941~~830,~~461~~307.0998		1518,~~438~~252,~~499~~003.6204		0.00		0.00		~~799~~775,~~113~~132,~~327~~419.8853
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-1A	0709/2526/05		0810/24/05		FA-Act/360		04542BMP4		103,638,000.00		~~960~~856.~~199218~~622963		2.~~960081~~725727		5367.~~729958~~916145		5670.~~690038~~641872	~~906~~788.~~469260~~706817
A-1B	0709/01/05		0709/30/05		AF-30/360		04542BNB4		100,000,000.00		~~960~~856.~~199218~~622963		3.~~400706~~033873		5367.~~729958~~916145		5770.~~130663~~950018	~~906~~788.~~469260~~706817
A-2	0709/01/05		0709/30/05		AF-30/360		04542BMQ2		206,669,000.00		1,000.000000		3.583333		0.000000		3.583333	1,000.000000
A-3	0709/01/05		0709/30/05		AF-30/360		04542BMR0		42,406,000.00		1,000.000000		3.683333		0.000000		3.683333	1,000.000000
A-4	0709/01/05		0709/30/05		AF-30/360		04542BMS8		165,805,000.00		1,000.000000		4.175000		0.000000		4.175000	1,000.000000
A-5	0709/01/05		0709/30/05		AF-30/360		04542BMT6		52,291,000.00		1,000.000000		4.433333		0.000000		4.433333	1,000.000000
A-6	0709/01/05		0709/30/05		AF-30/360		04542BMU3		74,534,000.00		1,000.000000		3.983333		0.000000		3.983333	1,000.000000
M-1	0709/01/05		0709/30/05		AF-30/360		04542BMV1		36,818,000.00		1,000.000000		4.366667		0.000000		4.366667	1,000.000000
M-2	0709/01/05		0709/30/05		AF-30/360		04542BMW9		13,499,000.00		1,000.000000		4.533334		0.000000		4.533334	1,000.000000
M-3	0709/01/05		0709/30/05		AF-30/360		04542BMX7		3,273,000.00		1,000.000000		4.783333		0.000000		4.783333	1,000.000000
M-4	0709/01/05		0709/30/05		AF-30/360		04542BMY5		2,863,000.00		1,000.000000		4.791666		0.000000		4.791666	1,000.000000
M-5	0709/01/05		0709/30/05		AF-30/360		04542BMZ2		2,864,000.00		1,000.000000		4.791666		0.000000		4.791666	1,000.000000
M-6	0709/01/05		0709/30/05		AF-30/360		04542BNA6		3,273,000.00		1,000.000000		4.791668		0.000000		4.791668	1,000.000000
B-1	0709/01/05		0709/30/05		AF-30/360		04542BMM1		3,272,000.00		1,000.000000		4.791666		0.000000		4.791666	1,000.000000
B-2	0709/01/05		0709/30/05		AF-30/360		04542BMN9		3,682,000.00		1,000.000000		4.791668		0.000000		4.791668	1,000.000000
CE	0709/01/05		0709/30/05		AF-30/360				3,273,065.83		999.870100		~~379~~361.~~192602~~475217		0.000000		~~379~~361.~~192602~~475217	999.870100
P	0709/01/05		0709/30/05		AF-30/360				100.00		1,000.000000		12,~~772~~209,~~868~~047.~~300000~~900000		0.000000		12,~~772~~209,~~868~~047.~~300000~~900000	1,000.000000
R	0709/01/05		0709/30/05		AF-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
2005-AQ1
August 25, 2005 Distribution
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		~~760~~1,~~020~~356,597.3856		820,~~744~~009,~~756~~513.9675		~~948~~1,~~581~~888,489.8512		921,~~693~~898,~~338~~002.8187		1023,~~453~~254,~~359~~600.1943		0.00		0.00		9381,~~944~~739,~~661~~997.1913
A-1B	100,000,000.00		~~694~~1,~~237~~318,665.2373		819,~~437~~307,~~790~~120.1569		~~915~~1,~~283~~822,197.8257		921,~~353~~129,~~073~~318.9726		1022,~~047~~447,~~311~~983.2099		0.00		0.00		9078,~~646~~870,~~926~~681.0374
A-2	206,669,000.00		12,~~481~~962,~~127~~255.8468		0.00		0.00		0.00		12,~~481~~962,~~127~~255.8468		0.00		0.00		206,669,000.00
A-3	42,406,000.00		~~312~~624,~~390~~781.8672		0.00		0.00		0.00		~~312~~624,~~390~~781.8672		0.00		0.00		42,406,000.00
A-4	165,805,000.00		12,~~384~~768,~~471~~943.7652		0.00		0.00		0.00		12,~~384~~768,~~471~~943.7652		0.00		0.00		165,805,000.00
A-5	52,291,000.00		~~463~~927,~~646~~293.8672		0.00		0.00		0.00		~~463~~927,~~646~~293.8672		0.00		0.00		52,291,000.00
A-6	74,534,000.00		~~593~~1,~~787~~187,575.5408		0.00		0.00		0.00		~~593~~1,~~787~~187,575.5408		0.00		0.00		74,534,000.00
M-1	36,818,000.00		~~321~~643,~~543~~087.8672		0.00		0.00		0.00		~~321~~643,~~543~~087.8672		0.00		0.00		36,818,000.00
M-2	13,499,000.00		~~122~~244,~~390~~781.9488		0.00		0.00		0.00		~~122~~244,~~390~~781.9488		0.00		0.00		13,499,000.00
M-3	3,273,000.00		3162,~~311~~623.7040		0.00		0.00		0.00		3162,~~311~~623.7040		0.00		0.00		3,273,000.00
M-4	2,863,000.00		2754,~~437~~874.0816		0.00		0.00		0.00		2754,~~437~~874.0816		0.00		0.00		2,863,000.00
M-5	2,864,000.00		2754,~~446~~893.6632		0.00		0.00		0.00		2754,~~446~~893.6632		0.00		0.00		2,864,000.00
M-6	3,273,000.00		3162,~~366~~732.2652		0.00		0.00		0.00		3162,~~366~~732.2652		0.00		0.00		3,273,000.00
B-1	3,272,000.00		3162,~~356~~713.6632		0.00		0.00		0.00		3162,~~356~~713.6632		0.00		0.00		3,272,000.00
B-2	3,682,000.00		3570,~~285~~571.8468		0.00		0.00		0.00		3570,~~285~~571.8468		0.00		0.00		3,682,000.00
CE	3,273,065.83		24,~~367~~742,~~994~~361.1070		376.15		49.02		425.17		24,~~368~~742,~~419~~786.2787		0.00		0.00		3,272,640.66
P	100.00		~~277~~635,~~736~~367.0097		0.00		0.00		0.00		~~277~~635,~~736~~367.0097		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		817,~~963~~780,~~551~~120.5768		1739,~~182~~317,~~923~~010.2659		13,~~863~~710,~~914~~735.6971		1943,~~046~~027,~~837~~746.9530		2860,~~010~~807,~~389~~866.5298		0.00		0.00		~~799~~775,~~113~~132,~~327~~419.8853
Interest Detail - REMIC II
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.~~58000~~95000%		9988,~~513~~778,~~126~~690.5359		~~306~~282,~~776~~488.86		0.00		0.00		0.00		~~306~~282,~~776~~488.86		~~306~~282,~~776~~488.86		0.00
A-1B	4.25000%		9685,~~019~~662,~~921~~296.7826		~~340~~303,~~070~~387.5630		0.00		0.00		0.00		~~340~~303,~~070~~387.5630		~~340~~303,~~070~~387.5630		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,~~241~~183,~~122~~132.3518		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		~~177~~220,~~286~~904.8379		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			~~810~~788,~~054~~962,~~788~~727.9751		3,~~078~~017,~~629~~658.3509		0.00		0.00		0.00		3,~~078~~017,~~629~~658.3509		4,~~497~~421,~~038~~695.5306		0.00
Page 3 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														1013,~~941~~830,~~461~~307.0998
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														1013,~~941~~830,~~461~~307.0998
Interest Collections														4,~~585~~408,~~860~~675.8147
Interest Withdrawals														-0.00
Interest Other Accounts														~~177~~220,~~286~~904.8379
Interest Fees														-~~266~~207,~~109~~885.1120
TOTAL NET INTEREST														4,~~497~~421,~~038~~695.5306
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														1518,~~438~~252,~~499~~003.6204
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															~~929~~920,~~441~~055.8402
Curtailments															~~138~~144,~~768~~280.8784
Prepayments In Full															912,~~873~~765,~~250~~972.3812
Repurchased/Substitutions															0.00
Liquidations															0.00
Other Additional Principal															0.00
Delinquent Principal															-~~191~~331,~~229~~296.5509
Realized Losses															-0.00
Advanced Principal															~~191~~331,~~229~~296.5509
TOTAL PRINCIPAL COLLECTED															1013,~~941~~830,~~461~~307.0998
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														4,~~658~~531,~~962~~168.1441
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-711,~~398~~429.4249
Delinquent Interest														-1,~~028~~710,~~876~~007.9296
Compensating Interest														711,~~398~~429.4249
Civil Relief Act Shortfalls														-0.00
Interest Advanced														~~955~~1,~~775~~587,515.5802
TOTAL INTEREST COLLECTED														4,~~585~~408,~~860~~675.8147
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														~~177~~220,~~286~~904.8379
TOTAL INTEREST OTHER ACCOUNTS														~~177~~220,~~286~~904.8379
INTEREST - FEES
														Total
Current Servicing Fees														~~264~~206,~~421~~241.5053
Trustee FEES														1,~~687~~643.6167
TOTAL INTEREST FEES														~~266~~207,~~109~~885.1120
Page 5 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
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
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														4,813
Prior														4,~~774~~665
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-5670
Repurchases														-0
Liquidations														-0
Current														4,~~718~~595
Principal Balance:
Original														818,160,165.83
Prior														~~810~~788,~~054~~962,~~788~~727.9751
Prefunding														0.00
Scheduled Principal														-~~929~~920,~~441~~055.8402
Partial Prepayments														-~~138~~144,~~768~~280.8784
Full Voluntary Prepayments														-912,~~873~~765,~~250~~972.3812
Repurchases														-0.00
Liquidations														-0.00
Current														~~799~~775,~~113~~132,~~327~~419.8853
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.90623%
Weighted Average Coupon Prior														6.~~90623~~89689%
Weighted Average Coupon Current														6.~~90170~~89184%
Weighted Average Months to Maturity Original														333
Weighted Average Months to Maturity Prior														~~333~~330
Weighted Average Months to Maturity Current														~~332~~329
Weighted Avg Remaining Amortization Term Original														333
Weighted Avg Remaining Amortization Term Prior														~~333~~330
Weighted Avg Remaining Amortization Term Current														~~332~~329
Weighted Average Seasoning Original														3.55
Weighted Average Seasoning Prior														35.55
Weighted Average Seasoning Current														46.55
Page 8 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
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														~~264~~206,~~421~~241.5053
Delinquent Servicing Fees														73122,~~101~~492.3394
TOTAL SERVICING FEES														~~337~~328,~~522~~734.8449
Servicing Fees														~~337~~328,~~522~~734.8449
Compensating Interest														-711,~~398~~429.4249
Delinquent Servicing Fees														-73122,~~101~~492.3394
COLLECTED SERVICING FEES														~~257~~194,~~023~~812.0906
Total Advanced Interest														~~955~~1,~~775~~587,515.5802
Total Advanced Principal														~~191~~331,~~229~~296.5509
Aggregate Advances with respect to this Distribution														0.00
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														711,~~398~~429.4249
Compensating Interest														-711,~~398~~429.4249
Net Prepayment Interest Shortfall (PPIS)														0.00
Libor For Current Period														3.~~4600~~8300%
Libor For Next Period														0.0000%
Page 9 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				~~111~~1,~~542~~922,305.2775		~~301~~188,~~369~~508.2415		071,261.0022		~~412~~2,~~911~~182,075.5112
			% Balance				0.0125%		0.0402%		0.0001%		0.0528%
			# Loans				116		42		01		519
			% # Loans				0.0235%		0.0804%		0.0002%		0.1141%
	FORECLOSURE		Balance		0.00		0.00		~~61,094~~0.8700		0124,649.0076		61124,~~094~~649.8776
			% Balance		0.00%		0.00%		0.0100%		0.0002%		0.0102%
			# Loans		0		0		10		02		12
			% # Loans		0.00%		0.00%		0.0200%		0.0004%		0.0204%
	BANKRUPTCY		Balance		~~240~~749,~~870~~155.9844		0.00		0.00		0.00		~~240~~749,~~870~~155.9844
			% Balance		0.0310%		0.00%		0.00%		0.00%		0.0310%
			# Loans		27		0		0		0		27
			% # Loans		0.0415%		0.00%		0.00%		0.00%		0.0415%
	REO		Balance		0.00		0.00		0.00		066,436.0050		066,436.0050
			% Balance		0.00%		0.00%		0.00%		0.0001%		0.0001%
			# Loans		0		0		0		01		01
			% # Loans		0.00%		0.00%		0.00%		0.0002%		0.0002%
	TOTAL		Balance		~~240~~749,~~870~~155.9844		~~111~~1,~~542~~922,305.2775		~~362~~188,~~464~~508.1115		0262,347.0048		~~714~~3,~~877~~122,316.3682
			% Balance		0.0310%		0.0125%		0.0502%		0.0003%		0.0940%
			# Loans		27		116		52		04		829
			% # Loans		0.0415%		0.0235%		0.1104%		0.0009%		0.1763%
Page 10 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
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
TOTAL
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
2005-AQ1
August 25, 2005 Distribution
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
110977907 1
109987784 1
			61,147.88		61,094.87		01-Apr-2005		10.200%		FL - 90.00%		360		01-May-2005
			63,871.39		63,608.80		01-Apr-2005		8.300%		AZ - 42.87%		300		01-May-2005
TOTAL			61,147.88		61,094.87
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
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														5670
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														5670
Curtailments Amount														~~138~~144,~~768~~280.8784
Paid in Full Balance														912,~~873~~765,~~250~~972.3812
Repurchased Loans Balance														0.00
Total Prepayment Amount														1012,~~012~~910,~~019~~252.2596
Cumulative
Number of Paid in Full Loans														94216
Number of Repurchased Loans														12
Total Number of Loans Prepaid in Full														95218
Paid in Full Balance														1638,~~759~~484,~~822~~394.0621
Repurchased Loans Balance														~~125~~259,~~305~~295.4183
Curtailments Amount														~~297~~573,~~795~~320.7956
Total Prepayment Amount														1739,~~182~~317,~~923~~010.2660
Page 13 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														1.2464%
3 Months Avg SMM														1.0634%
12 Months Avg SMM														1.0623%
Avg SMM Since Cut-off														1.0623%
CPR														1317.8898%
3 Months Avg CPR														1114.9899%
12 Months Avg CPR														1113.9878%
Avg CPR Since Cut-off														1113.9878%
PSA														1,~~525~~373.34%
3 Months Avg PSA Approximation														1,~~478~~350.7682%
12 Months Avg PSA Approximation														1,~~478~~364.7637%
Avg PSA Since Cut-off Approximation														1,~~478~~364.7637%
Page 14 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
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
2005-AQ1
August 25, 2005 Distribution
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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
101175503 1			65,836.77		65,803.34			03-Aug-2005		9.550%		KS - 87.34%		Paid Off - 360		01-Feb-2005
102053543 1			150,550.27		150,261.03			05-Oct-2005		8.450%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
101338861 1			483,564.29		483,113.11			01-Aug-2005		6.500%		MD - 80.00%		Paid Off - 360		01-Feb-2005
103505483 1			183,608.23		183,059.04			04-Oct-2005		6.250%		WI - 90.00%		Paid Off - 360		01-Feb-2005
101893329 1			245,653.42		245,480.72			28-Jul-2005		7.950%		IL - 84.77%		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
107608549 1			132,743.80		132,657.22			18-Jul-2005		8.250%		NJ - 70.52%		Paid Off - 360		01-Apr-2005
105561963 1			98,692.26		98,429.85			29-Sep-2005		6.750%		GA - 83.61%		Paid Off - 360		01-Apr-2005
107626442 1			72,760.25		72,511.05			03-Aug-2005		6.350%		PA - 51.09%		Paid Off - 180		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
107732646 1			170,635.57		170,512.52			14-Jul-2005		7.750%		AZ - 90.00%		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
107967945 1			92,413.86		91,878.44			10-Aug-2005		7.600%		FL - 78.33%		Paid Off - 120		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
108005703 1			117,928.61		117,519.68			22-Jul-2005		7.850%		FL - 76.31%		Paid Off - 180		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
108059981 1			74,879.54		74,718.54			03-Aug-2005		6.250%		PA - 60.83%		Paid Off - 240		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
108096041 1			153,384.29		153,222.84			02-Aug-2005		5.800%		MN - 63.74%		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
108236001 1			183,611.77		183,480.68			30-Jul-2005		7.800%		MD - 61.23%		Paid Off - 360		01-Apr-2005
108392267 1			74,034.99		73,602.89			03-Oct-2005		7.300%		FL - 45.78%		Paid Off - 360		01-Apr-2005
108257783 1			70,356.83		70,308.47			19-Jul-2005		7.990%		NY - 48.64%		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
108290149 1			248,299.19		248,063.74			03-Aug-2005		6.350%		FL - 77.67%		Paid Off - 360		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
108332628 1			59,900.71		59,867.12			01-Aug-2005		8.990%		MD - 45.61%		Paid Off - 360		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
108353707 1			65,802.88		65,757.79			08-Aug-2005		8.150%		NY - 85.00%		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
108373242 1			256,278.62		256,034.76			20-Jul-2005		6.350%		IL - 58.75%		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
108470402 1			185,447.82		185,278.60			09-Aug-2005		6.550%		CA - 49.57%		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
108911348 1			82,995.77		82,535.32			03-Aug-2005		8.400%		OH - 90.00%		Paid Off - 120		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
108989203 1			259,912.96		259,719.75			12-Jul-2005		7.600%		MD - 70.98%		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
108996521 1			229,348.17		229,128.61			26-Jul-2005		6.300%		CA - 54.45%		Paid Off - 360		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
109240168 1			89,278.18		89,203.38			20-Jul-2005		6.990%		KS - 50.80%		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
109331561 1			143,982.82		143,842.32			11-Jul-2005		6.200%		NV - 79.90%		Paid Off - 360		01-Apr-2005
109263426 1			116,701.94		116,398.75			27-Sep-2005		6.850%		FL - 76.42%		Paid Off - 360		01-Apr-2005
109666420 1			71,832.44		71,773.92			04-Aug-2005		7.400%		WI - 78.69%		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
109727503 1			176,595.45		176,458.94			08-Aug-2005		7.400%		CA - 75.03%		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
109733428 1			176,595.45		176,458.94			10-Aug-2005		7.400%		CA - 75.38%		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
109806760 1			329,238.27		328,981.24			05-Aug-2005		7.350%		CA - 57.74%		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
109831800 1			89,044.61		88,985.35			19-Jul-2005		8.150%		MD - 90.00%		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
109881128 1			146,853.28		146,779.05			02-Aug-2005		9.450%		CT - 73.50%		Paid Off - 360		01-May-2005
109702142 1			518,947.39		513,740.66			21-Sep-2005		6.150%		HI - 80.00%		Paid Off - 360		01-May-2005
109918326 1			168,486.19		168,354.66			15-Jul-2005		7.350%		NJ - 84.44%		Paid Off - 360		01-Apr-2005
109966705 1			264,196.98		263,381.96			19-Sep-2005		5.950%		CA - 67.05%		Paid Off - 360		01-Apr-2005
109925701 1			133,740.10		133,609.15			05-Aug-2005		6.150%		MD - 63.33%		Paid Off - 360		01-May-2005
110010626 1			169,590.87		169,114.47			12-Sep-2005		6.450%		CA - 82.29%		Paid Off - 360		01-Apr-2005
110077369 1			82,134.27		81,949.30			15-Jul-2005		10.990%		TX - 75.00%		Paid Off - 180		01-May-2005
110064425 1			248,458.11		247,905.31			06-Oct-2005		7.650%		CA - 78.50%		Paid Off - 360		01-Apr-2005
110151826 1			165,154.41		165,014.95			27-Jul-2005		6.950%		HI - 89.61%		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
110157740 1			308,348.08		308,125.30			03-Aug-2005		7.800%		HI - 78.23%		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
110516960 1			558,954.87		558,428.15			28-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		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
110893427 1			117,894.92		117,841.73			26-Jul-2005		9.990%		WI - 72.39%		Paid Off - 360		01-May-2005
110826062 1			173,926.57		172,840.22			03-Oct-2005		6.600%		CA - 63.06%		Paid Off - 240		01-Apr-2005
110900941 1			134,006.32		133,912.54			13-Jul-2005		7.900%		FL - 55.42%		Paid Off - 360		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
111205563 1			158,198.42		158,046.45			21-Jul-2005		6.250%		MA - 76.12%		Paid Off - 360		01-May-2005
110900842 1			137,465.48		137,225.72			16-Sep-2005		8.850%		FL - 90.00%		Paid Off - 360		01-Apr-2005
Page 16 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 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
111251781 1			172,287.09		172,129.36			10-Aug-2005		6.500%		FL - 87.48%		Paid Off - 360		01-May-2005
110966223 1			219,655.72		219,131.46			29-Sep-2005		7.250%		PA - 68.74%		Paid Off - 360		01-May-2005
111338380 1			370,970.21		370,699.25			08-Aug-2005		7.650%		CA - 78.88%		Paid Off - 360		01-May-2005
111059804 1			193,148.04		192,621.48			23-Sep-2005		6.600%		MD - 90.00%		Paid Off - 360		01-Apr-2005
111339842 1			275,963.71		275,693.50			28-Jul-2005		6.150%		CA - 44.55%		Paid Off - 360		01-May-2005
111104949 1			300,915.67		300,224.74			30-Sep-2005		8.990%		GA - 90.00%		Paid Off - 360		01-May-2005
111467023 1			211,783.90		211,674.59			28-Jul-2005		9.350%		CA - 73.10%		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
111573929 1			214,540.07		213,860.96			01-Aug-2005		7.350%		WA - 83.98%		Paid Off - 180		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
111980009 1			120,272.92		120,158.48			10-Aug-2005		6.300%		AZ - 86.38%		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
112356340 1			154,586.32		154,070.27			29-Jul-2005		6.550%		CT - 90.00%		Paid Off - 180		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
112411061 1			103,811.43		103,716.38			05-Aug-2005		6.500%		FL - 72.14%		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
112719208 1			61,561.52		61,478.76			28-Jul-2005		9.990%		FL - 75.00%		Paid Off - 240		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
112846266 1			313,956.63		312,926.32			10-Aug-2005		6.750%		MD - 89.80%		Paid Off - 180		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
113075220 1			70,306.16		70,258.77			01-Aug-2005		8.050%		AL - 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
113378566 1			348,420.51		348,128.25			09-Aug-2005		6.950%		FL - 89.88%		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
113947600 1			301,740.09		301,488.96			10-Aug-2005		6.990%		CA - 87.00%		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
114000789 1			115,014.63		114,912.09			04-Aug-2005		7.800%		MA - 71.11%		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
114038649 1			205,729.96		205,543.42			13-Jul-2005		6.550%		MA - 89.61%		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
114357122 1			172,238.60		172,146.28			29-Jul-2005		9.200%		NJ - 75.00%		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
114583966 1			119,802.31		119,702.60			26-Jul-2005		6.990%		OH - 86.96%		Paid Off - 360		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
114668767 1			98,314.27		98,238.54			04-Aug-2005		7.400%		MI - 54.27%		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
115047169 1			151,131.84		151,065.93			09-Aug-2005		10.150%		IL - 90.00%		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
TOTAL			9,884,525.37		9,873,250.38
113204440 1			60,069.98		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
113624167 1			56,079.41		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
114007321 1			578,951.46		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
114176464 1			59,929.99		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
114263809 1			160,510.84		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
114517469 1			146,809.95		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
114998842 1			111,384.16		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
TOTAL			12,810,908.20		12,765,972.12
Page 17 of 23
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 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
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
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
2005-AQ1
August 25, 2005 Distribution
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
2005-AQ1
August 25, 2005 Distribution
October 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
ABFC Trust 2005-AQ1
Mortgage Pass-Through Certificates
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Triggers and Adj. Cert. Report
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								~~603~~1,~~335~~200,011.0907
						Ending Collateral Balance								~~799~~775,~~113~~132,~~327~~419.8853
						Delinquency Percentage								0.~~0469~~1158%
						Senior Enhancement Percentage								9.~~112200~~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
2005-AQ1
August 25, 2005 Distribution
October 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
CLASS
Page 23 of 23

Filing Compare · ABFC 2005-AQ1 Trust