
                                     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)

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

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

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


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


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


(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     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 Bear Stearns Asset Backed Securities I
                                  LLC., 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.



Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution

				External Parties						Table of Contents

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

				FDIC						7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					19
										11. Realized Loss Detail Report					22
				Servicer(s)						11. Realized Loss Detail Report					22
				Servicer(s)						12. Triggers and Adj. Cert. Report					23
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					23
				New Century Mortgage Corporation						13. Additional Certificate Report					24
										13. Additional Certificate Report					24


				Underwriter(s)
				Bear Stearns & Co.


										Total Number of Pages					24
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Brent Hoyler
				Close Date:			May 04, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			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 24
Carrington Mortgage Loan Trust 2005-NC2

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

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-1	FLT, SR	$	259,222,569.00		183,379,339.18		584,980.09		22,720,775.22		23,305,755.31		0.00		0.00		160,658,563.96
A-1	FLT, SR	$	259,222,569.00		183,379,339.18		584,980.09		22,720,775.22		23,305,755.31		0.00		0.00		160,658,563.96
A-2	FLT, SR	$	250,452,000.00		250,452,000.00		821,134.71		0.00		821,134.71		0.00		0.00		250,452,000.00
A-3	FLT, SR	$	43,297,000.00		43,297,000.00		145,093.06		0.00		145,093.06		0.00		0.00		43,297,000.00
M-1	FLT, SUB	$	28,141,000.00		28,141,000.00		97,023.91		0.00		97,023.91		0.00		0.00		28,141,000.00
M-2	FLT, SUB	$	25,583,000.00		25,583,000.00		88,822.75		0.00		88,822.75		0.00		0.00		25,583,000.00
M-3	FLT, SUB	$	15,350,000.00		15,350,000.00		53,541.65		0.00		53,541.65		0.00		0.00		15,350,000.00
M-4	FLT, SUB	$	26,679,000.00		26,679,000.00		96,926.29		0.00		96,926.29		0.00		0.00		26,679,000.00
M-5	FLT, SUB	$	12,060,000.00		12,060,000.00		44,494.70		0.00		44,494.70		0.00		0.00		12,060,000.00
M-6	FLT, SUB	$	10,964,000.00		10,964,000.00		45,750.34		0.00		45,750.34		0.00		0.00		10,964,000.00
M-7	FLT, SUB	$	9,868,000.00		9,868,000.00		41,971.89		0.00		41,971.89		0.00		0.00		9,868,000.00
M-8	FLT, SUB	$	8,771,000.00		8,771,000.00		40,132.20		0.00		40,132.20		0.00		0.00		8,771,000.00
M-9	FLT, SUB	$	7,674,000.00		7,674,000.00		42,221.92		0.00		42,221.92		0.00		0.00		7,674,000.00
CE	SUB	$	21,927,948.09		21,928,000.73		1,099,912.72		0.00		1,099,912.72		0.00		0.00		21,928,000.73
P	SUB	$	100.00		100.00		411,408.71		0.00		411,408.71		0.00		0.00		0.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			719,989,617.09		644,146,439.91		3,613,414.94		22,720,775.22		26,334,190.16		0.00		0.00		621,425,564.69
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	09/26/05		10/24/05		A-Act/360		144531BR0		259,222,569.00		707.420422		2.256671		87.649680		89.906351	619.770742
A-2	09/26/05		10/24/05		A-Act/360		144531BS8		250,452,000.00		1,000.000000		3.278611		0.000000		3.278611	1,000.000000
A-3	09/26/05		10/24/05		A-Act/360		144531BT6		43,297,000.00		1,000.000000		3.351111		0.000000		3.351111	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		144531BU3		28,141,000.00		1,000.000000		3.447778		0.000000		3.447778	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		144531BV1		25,583,000.00		1,000.000000		3.471944		0.000000		3.471944	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		144531BW9		15,350,000.00		1,000.000000		3.488055		0.000000		3.488055	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		144531BX7		26,679,000.00		1,000.000000		3.633056		0.000000		3.633056	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		144531BY5		12,060,000.00		1,000.000000		3.689444		0.000000		3.689444	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		144531BZ2		10,964,000.00		1,000.000000		4.172778		0.000000		4.172778	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		144531CA6		9,868,000.00		1,000.000000		4.253333		0.000000		4.253333	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		144531CB4		8,771,000.00		1,000.000000		4.575556		0.000000		4.575556	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		144531CC2		7,674,000.00		1,000.000000		5.501944		0.000000		5.501944	1,000.000000
CE	09/25/05		10/24/05		A-30/360				21,927,948.09		1,000.002401		50.160312		0.000000		50.160312	1,000.002401
P	09/25/05		10/24/05		A-30/360				100.00		1,000.000000		4,114,087.100000		0.000000		4,114,087.100000	0.000000
R	09/25/05		10/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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-1	259,222,569.00		3,896,173.56		98,561,477.97		2,527.07		98,564,005.04		102,460,178.60		0.00		0.00		160,658,563.96
A-2	250,452,000.00		4,426,548.76		0.00		0.00		0.00		4,426,548.76		0.00		0.00		250,452,000.00
A-3	43,297,000.00		784,075.77		0.00		0.00		0.00		784,075.77		0.00		0.00		43,297,000.00
M-1	28,141,000.00		525,933.90		0.00		0.00		0.00		525,933.90		0.00		0.00		28,141,000.00
M-2	25,583,000.00		481,836.36		0.00		0.00		0.00		481,836.36		0.00		0.00		25,583,000.00
M-3	15,350,000.00		290,589.42		0.00		0.00		0.00		290,589.42		0.00		0.00		15,350,000.00
M-4	26,679,000.00		528,268.40		0.00		0.00		0.00		528,268.40		0.00		0.00		26,679,000.00
M-5	12,060,000.00		242,879.23		0.00		0.00		0.00		242,879.23		0.00		0.00		12,060,000.00
M-6	10,964,000.00		252,602.23		0.00		0.00		0.00		252,602.23		0.00		0.00		10,964,000.00
M-7	9,868,000.00		232,120.75		0.00		0.00		0.00		232,120.75		0.00		0.00		9,868,000.00
M-8	8,771,000.00		223,273.77		0.00		0.00		0.00		223,273.77		0.00		0.00		8,771,000.00
M-9	7,674,000.00		238,003.27		0.00		0.00		0.00		238,003.27		0.00		0.00		7,674,000.00
CE	21,927,948.09		4,996,381.41		0.00		0.00		0.00		4,996,381.41		0.00		52.64		21,928,000.73
P	100.00		1,415,894.05		0.00		0.00		0.00		1,415,894.05		0.00		0.00		0.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	719,989,617.09		18,534,580.88		98,561,477.97		2,527.07		98,564,005.04		117,098,585.92		0.00		52.64		621,425,564.69


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

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.96000%		183,379,339.18		584,980.09		0.00		0.00		0.00		584,980.09		584,980.09		0.00
A-2	4.07000%		250,452,000.00		821,134.71		0.00		0.00		0.00		821,134.71		821,134.71		0.00
A-3	4.16000%		43,297,000.00		145,093.06		0.00		0.00		0.00		145,093.06		145,093.06		0.00
M-1	4.28000%		28,141,000.00		97,023.91		0.00		0.00		0.00		97,023.91		97,023.91		0.00
M-2	4.31000%		25,583,000.00		88,822.75		0.00		0.00		0.00		88,822.75		88,822.75		0.00
M-3	4.33000%		15,350,000.00		53,541.65		0.00		0.00		0.00		53,541.65		53,541.65		0.00
M-4	4.51000%		26,679,000.00		96,926.29		0.00		0.00		0.00		96,926.29		96,926.29		0.00
M-5	4.58000%		12,060,000.00		44,494.70		0.00		0.00		0.00		44,494.70		44,494.70		0.00
M-6	5.18000%		10,964,000.00		45,750.34		0.00		0.00		0.00		45,750.34		45,750.34		0.00
M-7	5.28000%		9,868,000.00		41,971.89		0.00		0.00		0.00		41,971.89		41,971.89		0.00
M-8	5.68000%		8,771,000.00		40,132.20		0.00		0.00		0.00		40,132.20		40,132.20		0.00
M-9	6.17062%		7,674,000.00		38,145.72		0.00		0.00		0.00		38,145.72		42,221.92		0.00
CE	0.00000%		21,928,000.73		0.00		0.00		0.00		0.00		0.00		1,099,912.72		0.00
P	4,936,904.52000%		100.00		0.00		0.00		0.00		0.00		0.00		411,408.71		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			644,146,439.91		2,098,017.31		0.00		0.00		0.00		2,098,017.31		3,613,414.94		0.00



Page 3 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														22,720,875.22
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														22,720,875.22
Interest Collections														3,253,073.76
Interest Withdrawals														-0.00
Interest Fees														-51,167.53
Interest Other Accounts														411,408.71
TOTAL NET INTEREST														3,613,314.94
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														26,334,190.16



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															672.52
Curtailments															13,999.80
Prepayments In Full															22,706,202.90
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-551.42
Realized Losses															-0.00
Advanced Principal															551.42
TOTAL PRINCIPAL COLLECTED															22,720,875.22


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,473,675.51
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-59,701.59
Delinquent Interest														-2,835,401.18
Compensating Interest														59,701.59
Civil Relief Act Shortfalls														-0.00
Interest Advanced														2,614,799.44
TOTAL INTEREST COLLECTED														3,253,073.76


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														411,408.71
Net WAC Investment Income
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														411,408.71



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														48,859.34
Trustee Fees														2,308.19
TOTAL INTEREST FEES														51,167.53




Page 5 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



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

Overcollateralization Increase Amount														0.00
Overcollateralization Reduction Amount														100.00
Overcollateralization Amount - Ending														21,928,000.73

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

Senior Enhancement Percentage														26.876590%



Page 6 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														2,525
Prior														2,277
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-79
Repurchases														-0
Liquidations														-0
Current														2,198
Principal Balance:


Original														719,989,517.09
Prior														644,146,439.91
Prefunding														0.00
Scheduled Principal														-672.52
Partial Prepayments														-13,999.80
Full Voluntary Prepayments														-22,706,202.90
Repurchases														-0.00
Liquidations														-0.00
Current														621,425,564.69





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.51583%
Weighted Average Coupon Prior														6.48337%
Weighted Average Coupon Current														6.47122%
Weighted Average Months to Maturity Original														356
Weighted Average Months to Maturity Prior														353
Weighted Average Months to Maturity Current														352
Weighted Avg Remaining Amortization Term Original														356
Weighted Avg Remaining Amortization Term Prior														353
Weighted Avg Remaining Amortization Term Current														352
Weighted Average Seasoning Original														3.87
Weighted Average Seasoning Prior														6.84
Weighted Average Seasoning Current														7.84









Page 8 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.61388%
Weighted Average Margin Prior														5.61173%
Weighted Average Margin Current														5.60885%
Weighted Average Max Rate Original														13.51635%
Weighted Average Max Rate Prior														13.48525%
Weighted Average Max Rate Current														13.47269%
Weighted Average Min Rate Original														6.51585%
Weighted Average Min Rate Prior														6.48471%
Weighted Average Min Rate Current														6.47260%
Weighted Average Cap Up Original														1.50000%
Weighted Average Cap Up Prior														1.50000%
Weighted Average Cap Up Current														1.50000%
Weighted Average Cap Down Original														1.50000%
Weighted Average Cap Down Prior														1.50000%
Weighted Average Cap Down Current														1.50000%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														48,859.34
Delinquent Servicing Fees														219,463.80
TOTAL SERVICING FEES														268,323.14


Total Servicing Fees														268,323.14
Compensating Interest														-59,701.59
Delinquent Servicing Fees														-219,463.80
COLLECTED SERVICING FEES														-10,842.25


Total Advanced Interest														2,614,799.44
Total Advanced Principal														551.42
Aggregate Advances with respect to this Distribution														2,615,350.86





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														59,701.59
Compensating Interest														-59,701.59
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														621,425,564.69
Weighted Average Net Mortgage Rate														6.170616%




Page 9 of 24
Carrington Mortgage Loan Trust 2005-NC2

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Mortgage Pass-Through Certificates
2005-NC2

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,752,373.40		2,121,971.86		831,299.89		7,705,645.15
			% Balance				0.76%		0.34%		0.13%		1.24%
			# Loans				18		9		3		30
			% # Loans				0.82%		0.41%		0.14%		1.36%
	FORECLOSURE		Balance		0.00		0.00		0.00		1,814,774.79		1,814,774.79
			% Balance		0.00%		0.00%		0.00%		0.29%		0.29%
			# Loans		0		0		0		7		7
			% # Loans		0.00%		0.00%		0.00%		0.32%		0.32%
	BANKRUPTCY		Balance		140,490.48		770,250.00		0.00		0.00		910,740.48
			% Balance		0.02%		0.12%		0.00%		0.00%		0.15%
			# Loans		1		2		0		0		3
			% # Loans		0.05%		0.09%		0.00%		0.00%		0.14%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		140,490.48		5,522,623.40		2,121,971.86		2,646,074.68		10,431,160.42
			% Balance		0.02%		0.89%		0.34%		0.43%		1.68%
			# Loans		1		20		9		10		40
			% # Loans		0.05%		0.91%		0.41%		0.45%		1.82%









Page 10 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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


Page 11 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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
1000301514 1
1000301514 1			151,999.99		151,999.99		01-May-2005		5.900%		CO - 80.00%		360		01-Feb-2005

1000415036 1			428,000.00		428,000.00		01-May-2005		5.350%		CA - 80.00%		360		01-Feb-2005
1000687368 1			315,520.00		315,520.00		01-May-2005		6.800%		CA - 80.00%		360		01-Apr-2005
1000757764 1			84,999.99		84,999.93		01-May-2005		8.425%		SC - 78.70%		360		01-Mar-2005
1000761376 1			449,600.00		449,600.00		01-May-2005		6.700%		TX - 80.00%		360		01-Mar-2005
1000824638 1			213,749.98		213,749.93		01-May-2005		7.850%		CO - 95.00%		360		01-Mar-2005
1000912686 1			170,904.99		170,904.94		01-May-2005		7.990%		MN - 95.00%		360		01-Apr-2005


TOTAL			1,814,774.95		1,814,774.79


Page 12 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														79
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														79
Curtailments Amount														13,999.80
Paid in Full Balance														22,706,202.90
Repurchased Loans Balance														0.00
Total Prepayment Amount														22,720,202.70

Cumulative


Number of Paid in Full Loans														327
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														327
Paid in Full Balance														98,457,659.14
Repurchased Loans Balance														0.00
Curtailments Amount														103,766.19
Total Prepayment Amount														98,561,425.33










Page 13 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														3.53%
3 Months Avg SMM														3.40%
12 Months Avg SMM														2.90%
Avg SMM Since Cut-off														2.90%


CPR														35.01%
3 Months Avg CPR														33.99%
12 Months Avg CPR														29.76%
Avg CPR Since Cut-off														29.76%


PSA														2,232.89%
3 Months Avg PSA Approximation														2,482.50%
12 Months Avg PSA Approximation														2,542.92%
Avg PSA Since Cut-off Approximation														2,542.92%










Page 14 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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 24
Carrington Mortgage Loan Trust 2005-NC2

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

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

1602845 1			154,952.00		154,952.00			26-Sep-2005		6.350%		NV - 79.55%		Paid Off - 360		01-Dec-2004
			154,952.00

1833800 1			348,000.00		348,000.00			30-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1833800 1					348,000.00			30-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1950777 1			408,500.00		408,500.00			07-Sep-2005		7.300%		CA - 94.34%		Paid Off - 360		01-Dec-2004
1950777 1					408,500.00			07-Sep-2005		7.300%		CA - 94.34%		Paid Off - 360		01-Dec-2004
1952027 1			259,981.99		259,981.99			16-Sep-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1952027 1					259,981.99			16-Sep-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1963737 1			391,200.00		391,200.00			02-Sep-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1963737 1					391,200.00			02-Sep-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1979760 1			234,738.37		234,588.67			23-Sep-2005		6.300%		SC - 80.00%		Paid Off - 360		01-Mar-2005
1979760 1					234,588.67			23-Sep-2005		6.300%		SC - 80.00%		Paid Off - 360		01-Mar-2005
1000123958 1			151,987.84		151,987.69			08-Sep-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000123958 1					151,987.69			08-Sep-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000232279 1			500,000.00		500,000.00			28-Sep-2005		7.150%		CA - 65.79%		Paid Off - 360		01-Mar-2005
1000232279 1					500,000.00			28-Sep-2005		7.150%		CA - 65.79%		Paid Off - 360		01-Mar-2005
1000236685 1			367,999.97		367,999.92			09-Sep-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000236685 1					367,999.92			09-Sep-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000301783 1			184,000.00		184,000.00			02-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000301783 1					184,000.00			02-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000322369 1			204,245.65		204,245.50			06-Sep-2005		8.200%		CA - 95.00%		Paid Off - 360		01-Feb-2005
1000322369 1					204,245.50			06-Sep-2005		8.200%		CA - 95.00%		Paid Off - 360		01-Feb-2005
1000341259 1			294,400.00		294,400.00			13-Sep-2005		8.600%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000341259 1					294,400.00			13-Sep-2005		8.600%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000376391 1			430,000.00		430,000.00			27-Sep-2005		6.900%		IL - 74.78%		Paid Off - 360		01-Feb-2005
1000376391 1					430,000.00			27-Sep-2005		6.900%		IL - 74.78%		Paid Off - 360		01-Feb-2005
1000394317 1			234,500.00		234,500.00			06-Sep-2005		5.990%		CA - 89.16%		Paid Off - 360		01-Feb-2005
1000394317 1					234,500.00			06-Sep-2005		5.990%		CA - 89.16%		Paid Off - 360		01-Feb-2005
1000399795 1			185,249.97		185,249.93			09-Sep-2005		6.650%		WI - 95.00%		Paid Off - 360		01-Feb-2005
1000399795 1					185,249.93			09-Sep-2005		6.650%		WI - 95.00%		Paid Off - 360		01-Feb-2005
1000428433 1			308,749.97		308,749.74			28-Sep-2005		6.450%		CA - 95.00%		Paid Off - 360		01-Feb-2005
1000428433 1					308,749.74			28-Sep-2005		6.450%		CA - 95.00%		Paid Off - 360		01-Feb-2005
1000456777 1			144,000.00		144,000.00			30-Sep-2005		6.200%		NV - 80.00%		Paid Off - 360		01-Feb-2005
1000456777 1					144,000.00			30-Sep-2005		6.200%		NV - 80.00%		Paid Off - 360		01-Feb-2005
1000458356 1			313,599.98		313,599.93			27-Sep-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000458356 1					313,599.93			27-Sep-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000484657 1			427,500.00		427,500.00			28-Sep-2005		6.990%		CA - 89.62%		Paid Off - 360		01-Feb-2005
1000484657 1					427,500.00			28-Sep-2005		6.990%		CA - 89.62%		Paid Off - 360		01-Feb-2005
1000494762 1			450,000.00		449,841.40			15-Sep-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000494762 1					449,841.40			15-Sep-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1000507375 1			89,300.00		89,279.23			16-Sep-2005		9.000%		OH - 95.00%		Paid Off - 360		01-Feb-2005
1000507375 1					89,279.23			16-Sep-2005		9.000%		OH - 95.00%		Paid Off - 360		01-Feb-2005
1000514018 1			104,799.98		104,799.94			06-Sep-2005		6.100%		NM - 80.00%		Paid Off - 360		01-Feb-2005
1000514018 1					104,799.94			06-Sep-2005		6.100%		NM - 80.00%		Paid Off - 360		01-Feb-2005
1000515687 1			300,000.00		300,000.00			02-Sep-2005		6.650%		WA - 84.51%		Paid Off - 360		01-Feb-2005
1000515687 1					300,000.00			02-Sep-2005		6.650%		WA - 84.51%		Paid Off - 360		01-Feb-2005
1000520029 1			357,999.97		357,848.66			21-Sep-2005		4.990%		CA - 69.52%		Paid Off - 360		01-Feb-2005
1000520029 1					357,848.66			21-Sep-2005		4.990%		CA - 69.52%		Paid Off - 360		01-Feb-2005
1000520332 1			350,543.93		350,208.61			12-Sep-2005		5.750%		CA - 65.00%		Paid Off - 360		01-Feb-2005
1000520332 1					350,208.61			12-Sep-2005		5.750%		CA - 65.00%		Paid Off - 360		01-Feb-2005
1000557409 1			290,000.00		289,999.96			02-Sep-2005		7.200%		CA - 71.61%		Paid Off - 360		01-Feb-2005
1000557409 1					289,999.96			02-Sep-2005		7.200%		CA - 71.61%		Paid Off - 360		01-Feb-2005
1000559568 1			288,000.00		288,000.00			12-Sep-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000559568 1					288,000.00			12-Sep-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000582532 1			302,099.98		302,099.93			08-Sep-2005		7.150%		MA - 95.00%		Paid Off - 360		01-Mar-2005
1000582532 1					302,099.93			08-Sep-2005		7.150%		MA - 95.00%		Paid Off - 360		01-Mar-2005
1000592111 1			391,000.00		391,000.00			30-Sep-2005		5.950%		CA - 65.17%		Paid Off - 360		01-Feb-2005
1000592111 1					391,000.00			30-Sep-2005		5.950%		CA - 65.17%		Paid Off - 360		01-Feb-2005
1000618692 1			287,000.00		287,000.00			19-Sep-2005		6.990%		CA - 73.03%		Paid Off - 360		01-Feb-2005
1000618692 1					287,000.00			19-Sep-2005		6.990%		CA - 73.03%		Paid Off - 360		01-Feb-2005
1000638402 1			217,500.00		217,500.00			02-Sep-2005		7.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005
1000638402 1					217,500.00			02-Sep-2005		7.550%		MD - 75.00%		Paid Off - 360		01-Mar-2005
1000648204 1			294,400.00		294,400.00			07-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000648204 1					294,400.00			07-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000675754 1			304,500.00		304,500.00			09-Sep-2005		7.600%		NJ - 87.00%		Paid Off - 360		01-Mar-2005
1000675754 1					304,500.00			09-Sep-2005		7.600%		NJ - 87.00%		Paid Off - 360		01-Mar-2005
1000698294 1			116,762.04		116,760.76			27-Sep-2005		7.750%		MN - 80.00%		Paid Off - 360		01-Mar-2005
1000698294 1					116,760.76			27-Sep-2005		7.750%		MN - 80.00%		Paid Off - 360		01-Mar-2005
1000711019 1			368,000.00		368,000.00			02-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000711019 1					368,000.00			02-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000711493 1			233,100.00		233,100.00			20-Sep-2005		8.400%		NJ - 90.00%		Paid Off - 360		01-Mar-2005
1000711493 1					233,100.00			20-Sep-2005		8.400%		NJ - 90.00%		Paid Off - 360		01-Mar-2005
1000711527 1			167,849.73		167,765.72			08-Sep-2005		6.550%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
1000711527 1					167,765.72					6.550%		AZ - 80.00%		Paid Off - 360


Page 16 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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

1000718726 1			129,591.98		129,591.93			09-Sep-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Mar-2005
			129,591.98

1000723596 1			190,000.00		190,000.00			21-Sep-2005		6.550%		CA - 82.97%		Paid Off - 360		01-Mar-2005
1000723596 1					190,000.00			21-Sep-2005		6.550%		CA - 82.97%		Paid Off - 360		01-Mar-2005
1000725781 1			184,000.00		184,000.00			19-Sep-2005		6.825%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000725781 1					184,000.00			19-Sep-2005		6.825%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000732256 1			480,250.00		480,250.00			01-Sep-2005		6.800%		MA - 85.00%		Paid Off - 360		01-Mar-2005
1000732256 1					480,250.00			01-Sep-2005		6.800%		MA - 85.00%		Paid Off - 360		01-Mar-2005
1000735048 1			170,949.98		170,999.94			08-Sep-2005		7.725%		DC - 90.00%		Paid Off - 360		01-Mar-2005
1000735048 1					170,999.94			08-Sep-2005		7.725%		DC - 90.00%		Paid Off - 360		01-Mar-2005
1000744449 1			311,920.00		311,920.00			30-Sep-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000744449 1					311,920.00			30-Sep-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000750716 1			207,933.70		207,863.56			29-Sep-2005		7.650%		FL - 80.00%		Paid Off - 360		01-Mar-2005
1000750716 1					207,863.56			29-Sep-2005		7.650%		FL - 80.00%		Paid Off - 360		01-Mar-2005
1000766781 1			243,000.00		243,000.00			15-Sep-2005		6.875%		AZ - 90.00%		Paid Off - 360		01-Mar-2005
1000766781 1					243,000.00			15-Sep-2005		6.875%		AZ - 90.00%		Paid Off - 360		01-Mar-2005
1000777341 1			217,500.00		217,500.00			19-Sep-2005		5.990%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000777341 1					217,500.00			19-Sep-2005		5.990%		CA - 75.00%		Paid Off - 360		01-Mar-2005
1000800002 1			289,700.00		289,700.00			02-Sep-2005		7.000%		CA - 94.98%		Paid Off - 360		01-Mar-2005
1000800002 1					289,700.00			02-Sep-2005		7.000%		CA - 94.98%		Paid Off - 360		01-Mar-2005
1000800217 1			520,000.00		520,000.00			28-Sep-2005		8.375%		CA - 88.89%		Paid Off - 360		01-Apr-2005
1000800217 1					520,000.00			28-Sep-2005		8.375%		CA - 88.89%		Paid Off - 360		01-Apr-2005
1000802322 1			382,500.00		382,500.00			07-Sep-2005		7.450%		FL - 90.00%		Paid Off - 360		01-Apr-2005
1000802322 1					382,500.00			07-Sep-2005		7.450%		FL - 90.00%		Paid Off - 360		01-Apr-2005
1000803973 1			184,000.00		184,000.00			20-Sep-2005		7.200%		NJ - 80.00%		Paid Off - 360		01-Mar-2005
1000803973 1					184,000.00			20-Sep-2005		7.200%		NJ - 80.00%		Paid Off - 360		01-Mar-2005
1000806337 1			357,000.00		357,000.00			30-Sep-2005		6.650%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000806337 1					357,000.00			30-Sep-2005		6.650%		CA - 85.00%		Paid Off - 360		01-Mar-2005
1000815309 1			287,920.00		287,920.00			30-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000815309 1					287,920.00			30-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Mar-2005
1000817539 1			123,500.00		123,500.00			20-Sep-2005		7.450%		NV - 95.00%		Paid Off - 360		01-Mar-2005
1000817539 1					123,500.00			20-Sep-2005		7.450%		NV - 95.00%		Paid Off - 360		01-Mar-2005
1000857745 1			115,594.13		115,556.92			06-Sep-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000857745 1					115,556.92			06-Sep-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000861231 1			135,000.00		135,000.00			12-Sep-2005		6.750%		AZ - 90.00%		Paid Off - 360		01-Apr-2005
1000861231 1					135,000.00			12-Sep-2005		6.750%		AZ - 90.00%		Paid Off - 360		01-Apr-2005
1000867789 1			300,000.00		300,000.00			20-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000867789 1					300,000.00			20-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000882450 1			537,600.00		537,600.00			30-Sep-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000882450 1					537,600.00			30-Sep-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000882600 1			376,000.00		376,000.00			19-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-May-2005
1000882600 1					376,000.00			19-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-May-2005
1000884449 1			158,000.00		157,999.47			20-Sep-2005		7.500%		CA - 93.49%		Paid Off - 360		01-Apr-2005
1000884449 1					157,999.47			20-Sep-2005		7.500%		CA - 93.49%		Paid Off - 360		01-Apr-2005
1000903115 1			174,999.99		174,999.94			21-Sep-2005		7.300%		FL - 86.63%		Paid Off - 360		01-Apr-2005
1000903115 1					174,999.94			21-Sep-2005		7.300%		FL - 86.63%		Paid Off - 360		01-Apr-2005
1000908307 1			216,000.00		216,000.00			14-Sep-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000908307 1					216,000.00			14-Sep-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000948862 1			428,000.00		428,000.00			01-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000948862 1					428,000.00			01-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1000985410 1			219,199.99		#######			29-Sep-2005		7.250%		WA - 80.00%		Paid Off - 360		01-Apr-2005
1000985410 1								29-Sep-2005		7.250%		WA - 80.00%		Paid Off - 360		01-Apr-2005
1001005520 1			144,000.00		144,000.00			30-Sep-2005		6.650%		AZ - 80.00%		Paid Off - 360		01-Apr-2005
1001005520 1					144,000.00			30-Sep-2005		6.650%		AZ - 80.00%		Paid Off - 360		01-Apr-2005
1001008117 1			382,500.00		382,500.00			02-Sep-2005		8.600%		WA - 90.00%		Paid Off - 360		01-Apr-2005
1001008117 1					382,500.00			02-Sep-2005		8.600%		WA - 90.00%		Paid Off - 360		01-Apr-2005
1001012905 1			319,500.00		319,500.00			06-Sep-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1001012905 1					319,500.00			06-Sep-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Apr-2005
1001015047 1			248,000.00		248,000.00			16-Sep-2005		7.950%		NY - 80.00%		Paid Off - 360		01-Apr-2005
1001015047 1					248,000.00			16-Sep-2005		7.950%		NY - 80.00%		Paid Off - 360		01-Apr-2005
1001019230 1			391,500.00		391,500.00			20-Sep-2005		6.600%		MA - 87.00%		Paid Off - 360		01-Apr-2005
1001019230 1					391,500.00			20-Sep-2005		6.600%		MA - 87.00%		Paid Off - 360		01-Apr-2005
1001027846 1			280,500.00		280,497.07			30-Sep-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Apr-2005
1001027846 1					280,497.07			30-Sep-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Apr-2005
1001030440 1			290,000.00		289,998.99			13-Sep-2005		7.050%		CA - 65.91%		Paid Off - 360		01-May-2005
1001030440 1					289,998.99			13-Sep-2005		7.050%		CA - 65.91%		Paid Off - 360		01-May-2005
1001032046 1			232,000.00		232,000.00			21-Sep-2005		6.650%		CA - 71.39%		Paid Off - 360		01-Apr-2005
1001032046 1					232,000.00			21-Sep-2005		6.650%		CA - 71.39%		Paid Off - 360		01-Apr-2005
1001032750 1			375,899.99		375,795.66			30-Sep-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1001032750 1					375,795.66			30-Sep-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1001036934 1			284,000.00		284,000.00			13-Sep-2005		6.750%		CA - 84.78%		Paid Off - 360		01-Apr-2005
1001036934 1					284,000.00			13-Sep-2005		6.750%		CA - 84.78%		Paid Off - 360		01-Apr-2005
1001052372 1			520,000.00		520,000.00			30-Sep-2005		6.780%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1001052372 1					520,000.00			30-Sep-2005		6.780%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1001083927 1			178,499.99		178,499.95			12-Sep-2005		5.925%		CA - 69.19%		Paid Off - 360		01-Apr-2005
1001083927 1					178,499.95					5.925%		CA - 69.19%		Paid Off - 360


Page 17 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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

1001091749 1			395,250.00		395,250.00			16-Sep-2005		6.950%		CA - 85.00%		Paid Off - 360		01-May-2005
			395,250.00

1001118409 1			640,000.00		640,000.00			16-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1001118409 1					640,000.00			16-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
1001128167 1			437,000.00		436,999.95			29-Sep-2005		7.150%		MD - 88.28%		Paid Off - 360		01-May-2005
1001128167 1					436,999.95			29-Sep-2005		7.150%		MD - 88.28%		Paid Off - 360		01-May-2005
1001130412 1			192,000.00		192,000.00			29-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-May-2005
1001130412 1					192,000.00			29-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-May-2005


TOTAL			22,707,271.12		22,706,202.90
TOTAL


Page 18 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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														0.00

Cumulative
Cumulative



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










Page 19 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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 20 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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 21 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

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 22 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														3.830000%
Next LIBOR Rate														4.037500%




Page 23 of 24
Carrington Mortgage Loan Trust 2005-NC2

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

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS

			A-1										0.00		0.00
													0.00		0.00
			A-2										0.00		0.00
													0.00		0.00
			A-3										0.00		0.00
													0.00		0.00
			M-1										0.00		0.00
													0.00		0.00
			M-2										0.00		0.00
													0.00		0.00
			M-3										0.00		0.00
													0.00		0.00
			M-4										0.00		0.00
													0.00		0.00
			M-5										0.00		0.00
													0.00		0.00
			M-6										0.00		0.00
													0.00		0.00
			M-7										0.00		0.00
													0.00		0.00
			M-8										0.00		0.00
													0.00		0.00
			M-9										0.01		4,076.21
													0.01		4,076.21






Page 24 of 24

Carrington Mortgage Loan Trust 2005-NC2 8-K