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~~December 2527, 2005 (Date of earliest event reported) Morgan Stanley ABS Capital I Inc. (as Depositor under the Pooling and Servicing Agreement, dated as February 1, 2005, providing for the issuance of IXIS Real Estate Capital Trust 2005-HE1 Mortgage Pass-Through Certificates, Series 2005-HE1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-102888-17 13-3939229 (Commission File Number) (I.R.S. Employer Identification No.) 1585 Broadway 2nd Fl 10036 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 761-4000 (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~~December 2527, 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 Morgan Stanley ABS Capital I Inc. Date: ~~Oct~~Dec 2829, 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~~December 2527, 2005.

IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				IXIS Real Estate Capital
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13
										7. Foreclosure Report					14
										8. Prepayment Report					16
										9. Prepayment Detail Report					19
										10. Realized Loss Report					2423
										11. Realized Loss Detail Report					2726
				Servicer(s)
										12. Triggers and Adj. Cert. Report					2827
				Countrywide Funding Corporation
										13. Other Related Information					2928
				Underwriter(s)
				Morgan Stanley
										Total Number of Pages					2928
				Dates						Contacts
				Cut-Off Date:			January 25, 2005			Jennifer Hermansader
				Close Date:			February 24, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6258
										Jennifer.Vandyne@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~October~~December 2527, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~September~~November 30, 2005
										Main Phone Number:			(714) 247-6000
							October 24, 2005
							December 23, 2005
										https://www.tss.db.com/invr
Page 1 of 29
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IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1	FLT, STEP	$	200,000,000.00		~~149~~129,~~504~~171,~~216~~475.9469		~~491~~509,~~370~~940.5328		10,~~069~~458,~~105~~891.5414		10,~~560~~968,~~476~~831.0742		0.00		0.00		~~139~~118,~~435~~712,~~111~~584.4055
A-2	FLT, STEP	$	157,000,000.00		6325,~~462~~799,~~873~~012.8730		~~201~~98,~~424~~638.1122		1819,~~651~~373,~~759~~788.3747		1819,~~853~~472,~~183~~426.4869		0.00		0.00		446,~~811~~425,~~114~~223.5083
A-3	FLT, STEP	$	176,425,000.00		176,425,000.00		~~578~~694,~~428~~918.9747		0.00		~~578~~694,~~428~~918.9747		0.00		0.00		176,425,000.00
A-4	FLT, STEP	$	37,050,000.00		37,050,000.00		~~125~~149,~~054~~887.0483		0.00		~~125~~149,~~054~~887.0483		0.00		0.00		37,050,000.00
M-1	MEZ, FLT, S	$	28,311,000.00		28,311,000.00		98117,~~066~~301.1691		0.00		98117,~~066~~301.1691		0.00		0.00		28,311,000.00
M-2	MEZ, FLT, S	$	22,649,000.00		22,649,000.00		7894,~~818~~245.5201		0.00		7894,~~818~~245.5201		0.00		0.00		22,649,000.00
M-3	MEZ, FLT, S	$	13,802,000.00		13,802,000.00		4857,~~364~~799.5171		0.00		4857,~~364~~799.5171		0.00		0.00		13,802,000.00
M-4	MEZ, FLT, S	$	13,094,000.00		13,094,000.00		4756,~~782~~929.1980		0.00		4756,~~782~~929.1980		0.00		0.00		13,094,000.00
M-5	MEZ, FLT, S	$	11,678,000.00		11,678,000.00		4251,~~897~~084.1976		0.00		4251,~~897~~084.1976		0.00		0.00		11,678,000.00
M-6	MEZ, FLT, S	$	10,263,000.00		10,263,000.00		3845,~~195~~442.4728		0.00		3845,~~195~~442.4728		0.00		0.00		10,263,000.00
B-1	SUB	$	9,555,000.00		9,555,000.00		3946,~~332~~469.1015		0.00		3946,~~332~~469.1015		0.00		0.00		9,555,000.00
B-2	SUB	$	7,786,000.00		7,786,000.00		3238,~~363~~211.8196		0.00		3238,~~363~~211.8196		0.00		0.00		7,786,000.00
B-3	SUB	$	5,309,000.00		5,309,000.00		2529,~~360~~689.8011		0.00		2529,~~360~~689.8011		0.00		0.00		5,309,000.00
B-4	SUB	$	7,078,000.00		7,078,000.00		4148,~~793~~389.6293		0.00		4148,~~793~~389.6293		0.00		0.00		7,078,000.00
X	SUB	$	7,785,542.00		7,785,642.06		1780,~~323,497~~575.3805		0.00		1780,~~323,497~~575.3805		0.00		0.00		7,785,642.06
P	EXE	$	100.00		0.00		~~632~~616,~~212~~759.8542		0.00		~~632~~616,~~212~~759.8542		0.00		0.00		0.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			707,785,642.00		~~563~~505,~~752~~756,~~732~~130.8705		3,~~844~~436,~~962~~282.2589		2829,~~720~~832,~~864~~679.9161		3233,~~565~~268,~~827~~962.1650		0.00		0.00		~~535~~475,~~031~~923,~~867~~450.9644
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance
									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	0911/2625/05		1012/2426/05		A-Act/360		45071KAM6		200,000,000.00		~~747~~645.~~521085~~857378		2.~~456853~~549701		5052.~~345528~~294456		5254.~~802380~~844157	~~697~~593.~~175557~~562923
A-2	0911/2625/05		1012/2426/05		A-Act/360		45071KAN4		157,000,000.00		~~404~~164.~~222127~~324919		10.~~282956~~628269		~~118~~123.~~801015~~399927		~~120~~124.~~083971~~028195	~~285~~40.~~421111~~924993
A-3	0911/2625/05		1012/2426/05		A-Act/360		45071KAP9		176,425,000.00		1,000.000000		3.~~278611~~938889		0.000000		3.~~278611~~938889	1,000.000000
A-4	0911/2625/05		1012/2426/05		A-Act/360		45071KAQ7		37,050,000.00		1,000.000000		34.~~375278~~045555		0.000000		34.~~375278~~045555	1,000.000000
M-1	0911/2625/05		1012/2426/05		A-Act/360		45071KAR5		28,311,000.00		1,000.000000		34.~~463889~~143333		0.000000		34.~~463889~~143333	1,000.000000
M-2	0911/2625/05		1012/2426/05		A-Act/360		45071KAS3		22,649,000.00		1,000.000000		34.~~480000~~161111		0.000000		34.~~480000~~161111	1,000.000000
M-3	0911/2625/05		1012/2426/05		A-Act/360		45071KAT1		13,802,000.00		1,000.000000		34.~~504167~~187778		0.000000		34.~~504167~~187778	1,000.000000
M-4	0911/2625/05		1012/2426/05		A-Act/360		45071KAU8		13,094,000.00		1,000.000000		34.~~649167~~347778		0.000000		34.~~649167~~347778	1,000.000000
M-5	0911/2625/05		1012/2426/05		A-Act/360		45071KAV6		11,678,000.00		1,000.000000		34.~~673334~~374444		0.000000		34.~~673334~~374444	1,000.000000
M-6	0911/2625/05		1012/2426/05		A-Act/360		45071KAW4		10,263,000.00		1,000.000000		34.~~721667~~427777		0.000000		34.~~721667~~427777	1,000.000000
B-1	0911/2625/05		1012/2426/05		A-Act/360		45071KAX2		9,555,000.00		1,000.000000		4.~~116389~~863333		0.000000		4.~~116389~~863333	1,000.000000
B-2	0911/2625/05		1012/2426/05		A-Act/360		45071KAY0		7,786,000.00		1,000.000000		4.~~156667~~907778		0.000000		4.~~156667~~907778	1,000.000000
B-3	0911/2625/05		1012/2426/05		A-Act/360		45071KAZ7		5,309,000.00		1,000.000000		45.~~776945~~592223		0.000000		45.~~776945~~592223	1,000.000000
B-4	0911/2625/05		1012/2426/05		A-Act/360		45071KBA1		7,078,000.00		1,000.000000		56.~~904722~~836667		0.000000		56.~~904722~~836667	1,000.000000
X	0911/2625/05		1012/2426/05		A-Act/360				7,785,542.00		1,000.012852		~~169~~100.~~994251~~259564		0.000000		~~169~~100.~~994251~~259564	1,000.012852
P	0911/2625/05		1012/2426/05				100.00		0.000000		6,~~322~~167,~~128~~594.~~500000~~200000		0.000000		6,~~322~~167,~~128~~594.~~500000~~200000		0.000000
R	0911/2625/05		1012/2426/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 2 of 29
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IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Distribution to Date - REMIC III
																	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	200,000,000.00		45,~~155~~180,~~699~~436.9560		5980,~~642~~168,~~590~~129.8455		~~922~~1,~~297~~119,285.7690		6081,~~564~~287,~~888~~415.6045		6486,~~720~~467,~~588~~852.5505		0.00		0.00		~~139~~118,~~435~~712,~~111~~584.4055
A-2	157,000,000.00		2,~~574~~832,~~147~~826.3661		~~110~~148,~~480~~501,~~444~~438.2096		12,~~708~~073,~~441~~337.3021		~~112~~150,~~188~~574,~~885~~776.5017		~~114~~153,~~763~~407,~~032~~602.8678		0.00		0.00		446,~~811~~425,~~114~~223.5083
A-3	176,425,000.00		45,~~130~~475,~~661~~424.2708		0.00		0.00		0.00		45,~~130~~475,~~661~~424.2708		0.00		0.00		176,425,000.00
A-4	37,050,000.00		~~897~~1,~~466~~187,653.9333		0.00		0.00		0.00		~~897~~1,~~466~~187,653.9333		0.00		0.00		37,050,000.00
M-1	28,311,000.00		~~706~~933,~~801~~991.9381		0.00		0.00		0.00		~~706~~933,~~801~~991.9381		0.00		0.00		28,311,000.00
M-2	22,649,000.00		~~568~~751,~~504~~050.1639		0.00		0.00		0.00		~~568~~751,~~504~~050.1639		0.00		0.00		22,649,000.00
M-3	13,802,000.00		~~349~~461,~~233~~199.7863		0.00		0.00		0.00		~~349~~461,~~233~~199.7863		0.00		0.00		13,802,000.00
M-4	13,094,000.00		~~347~~457,~~228~~575.3934		0.00		0.00		0.00		~~347~~457,~~228~~575.3934		0.00		0.00		13,094,000.00
M-5	11,678,000.00		~~312~~411,~~043~~070.50		0.00		0.00		0.00		~~312~~411,~~043~~070.50		0.00		0.00		11,678,000.00
M-6	10,263,000.00		~~278~~366,~~390~~496.3405		0.00		0.00		0.00		~~278~~366,~~390~~496.3405		0.00		0.00		10,263,000.00
B-1	9,555,000.00		~~290~~381,~~788~~009.5767		0.00		0.00		0.00		~~290~~381,~~788~~009.5767		0.00		0.00		9,555,000.00
B-2	7,786,000.00		~~239~~313,~~580~~779.1208		0.00		0.00		0.00		~~239~~313,~~580~~779.1208		0.00		0.00		7,786,000.00
B-3	5,309,000.00		~~190~~248,~~954~~702.8034		0.00		0.00		0.00		~~190~~248,~~954~~702.8034		0.00		0.00		5,309,000.00
B-4	7,078,000.00		~~321~~415,~~469~~800.5209		0.00		0.00		0.00		~~321~~415,~~469~~800.5209		0.00		0.00		7,078,000.00
X	7,785,542.00		1214,~~940~~715,~~930~~046.3597		-97.2636		-2.94		0.00		1214,~~940~~715,~~930~~046.3597		0.00		100.2030		7,785,642.06
P	100.00		34,~~761~~959,~~836~~796.8174		0.00		0.00		100.00		34,~~761~~959,~~936~~896.8174		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	707,785,642.00		3239,~~065~~091,~~737~~859.7823		~~170~~228,~~122~~669,~~937~~471.7815		23,~~630~~192,~~736~~620.1217		~~172~~231,~~753~~862,~~874~~291.1062		~~204~~270,~~819~~954,~~611~~150.8885		0.00		100.2030		~~535~~475,~~031~~923,~~867~~450.9644
Interest Detail - REMIC III
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	4.~~08000~~44125%		~~149~~129,~~504~~171,~~216~~475.9469		~~491~~509,~~370~~940.5328		0.00		0.00		0.00		~~491~~509,~~370~~940.5328		~~491~~509,~~370~~940.5328		0.00
A-2	34.~~94000~~30125%		6325,~~462~~799,~~873~~012.8730		~~201~~98,~~424~~638.1122		0.00		0.00		0.00		~~201~~98,~~424~~638.1122		~~201~~98,~~424~~638.1122		0.00
A-3	4.~~07000~~43125%		176,425,000.00		~~578~~694,~~428~~918.9747		0.00		0.00		0.00		~~578~~694,~~428~~918.9747		~~578~~694,~~428~~918.9747		0.00
A-4	4.~~19000~~55125%		37,050,000.00		~~125~~149,~~054~~887.0483		0.00		0.00		0.00		~~125~~149,~~054~~887.0483		~~125~~149,~~054~~887.0483		0.00
M-1	4.~~30000~~66125%		28,311,000.00		98117,~~066~~301.1691		0.00		0.00		0.00		98117,~~066~~301.1691		98117,~~066~~301.1691		0.00
M-2	4.~~32000~~68125%		22,649,000.00		7894,~~818~~245.5201		0.00		0.00		0.00		7894,~~818~~245.5201		7894,~~818~~245.5201		0.00
M-3	4.~~35000~~71125%		13,802,000.00		4857,~~364~~799.5171		0.00		0.00		0.00		4857,~~364~~799.5171		4857,~~364~~799.5171		0.00
M-4	4.~~53000~~89125%		13,094,000.00		4756,~~782~~929.1980		0.00		0.00		0.00		4756,~~782~~929.1980		4756,~~782~~929.1980		0.00
M-5	4.~~56000~~92125%		11,678,000.00		4251,~~897~~084.1976		0.00		0.00		0.00		4251,~~897~~084.1976		4251,~~897~~084.1976		0.00
M-6	4.~~62000~~98125%		10,263,000.00		3845,~~195~~442.4728		0.00		0.00		0.00		3845,~~195~~442.4728		3845,~~195~~442.4728		0.00
B-1	5.~~11000~~47125%		9,555,000.00		3946,~~332~~469.1015		0.00		0.00		0.00		3946,~~332~~469.1015		3946,~~332~~469.1015		0.00
B-2	5.~~16000~~52125%		7,786,000.00		3238,~~363~~211.8196		0.00		0.00		0.00		3238,~~363~~211.8196		3238,~~363~~211.8196		0.00
B-3	56.~~93000~~29125%		5,309,000.00		2529,~~360~~689.8011		0.00		0.00		0.00		2529,~~360~~689.8011		2529,~~360~~689.8011		0.00
B-4	76.~~11747~~43390%		7,078,000.00		40,~~581~~479.8523		0.00		0.00		0.00		40,~~581~~479.8523		4148,~~793~~389.6293		0.00
X	~~211~~112.~~02464~~79057%		7,785,642.06		0.00		0.00		0.00		0.00		0.00		1780,~~323,497~~575.3805		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		~~632~~616,~~212~~759.8542		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			~~563~~505,~~752~~756,~~732~~130.8705		12,~~888~~031,~~040~~037.2572		0.00		0.00		0.00		12,~~888~~031,~~040~~037.2572		3,~~844~~436,~~962~~282.2589		0.00
Page 3 of 29
Page 3 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														2829,~~701~~759,~~326~~773.8334
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														2829,~~701~~759,~~326~~773.8334
Interest Collections														32,~~400~~940,~~272~~616.0960
Interest Withdrawals														-03,191.0040
Interest Other Accounts														~~632~~616,~~212~~759.8542
Interest Fees														-~~167~~44,~~984~~995.6245
TOTAL NET INTEREST														3,~~864~~509,~~500~~189.3217
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														3233,~~565~~268,~~827~~962.1551
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															~~302~~273,~~759~~476.3088
Prepayments In Full															2729,~~702~~416,~~335~~382.7028
Curtailments															1923,~~296~~274.2995
Liquidations															86119,~~114~~545.5045
Insurance Principal															0.00
Repurchased Principal Amounts															~~610,359~~0.0700
Other Principal															0.00
Total Realized Loss Of Principal															-1972,~~538~~906.0322
Delinquent Principal															-96228,~~432~~194.6751
Advanced Principal															96228,~~432~~194.6751
TOTAL PRINCIPAL COLLECTED															2829,~~701~~759,~~326~~773.8334
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL OTHER ACCOUNTS PRINCIPAL														0.00
Page 4 of 29
Page 4 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,~~464~~107,~~579~~473.6428
Liquidation Interest														~~538~~691.2288
Repurchased Interest														~~4,086~~0.7000
Insurance Interest														0.00
Other Interest														0.00
Relief Act Interest Shortfalls														-0.00
Prepayment Interest Shortfalls														-1916,~~818~~944.8402
Compensating Interest														1916,~~818~~944.8401
Delinquent Interest														-12,~~059~~450,~~945~~911.2252
Interest Advanced														~~991~~2,~~012~~283,362.7695
TOTAL INTEREST COLLECTED														32,~~400~~940,~~272~~616.0960
INTEREST - WITHDRAWALS
														Total
Nonrecoverable Advances														0.00
TOTAL INTEREST WITHDRAWALS														03,191.0040
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														~~632~~616,~~212~~759.8542
TOTAL INTEREST OTHER ACCOUNTS														~~632~~616,~~212~~759.8542
INTEREST - FEES
														Total
Current Servicing Fees														~~165~~43,~~964~~183.5116
Current Trustee Fees														21,~~020~~812.1129
TOTAL INTEREST OTHER FEES														~~167~~44,~~984~~995.6245
Page 5 of 29
Page 5 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralization Amount														7,785,642.06
Overcollateralization Target Amount														7,785,642.06
Overcollateralization Deficiency Amount														0.00
Overcollateralization Excess / Release Amount														0.00
Page 6 of 29
Page 6 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														3,403
Prior														3,~~388~~081
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-~~157~~160
Repurchases														-20
Liquidations														-12
Current														32,~~228~~919
Principal Balance:
Original														584,039,192.89
Prior														~~563~~505,~~752~~756,~~733~~130.0230
Prefunding														0.00
Scheduled Principal														-~~302~~273,~~759~~476.3088
Partial Prepayments														-1923,~~296~~274.2995
Full Voluntary Prepayments														-2729,~~702~~416,~~335~~382.7028
Repurchases														-~~610,359~~0.0700
Liquidations														-86119,~~114~~545.5045
Current														~~535~~475,~~031~~923,~~867~~450.9644
PREFUNDING
														Total
Prefunding Account Original Balance														123,746,449.22
Prefunding Account Beginning Balance														0.00
Subsequent Loans Added to the Pool														0.00
Prefund Release to Certificate Holders														0.00
Prefunding Account Ending Balance														0.00
Page 7 of 29
Page 7 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.44269%
Weighted Average Coupon Prior														7.~~40102~~37557%
Weighted Average Coupon Current														7.~~38452~~37470%
Weighted Average Months to Maturity Original														349
Weighted Average Months to Maturity Prior														~~342~~340
Weighted Average Months to Maturity Current														~~341~~339
Weighted Avg Remaining Amortization Term Original														349
Weighted Avg Remaining Amortization Term Prior														~~342~~340
Weighted Avg Remaining Amortization Term Current														~~341~~344
Weighted Average Seasoning Original														4.33
Weighted Average Seasoning Prior														911.8578
Weighted Average Seasoning Current														1012.8277
Page 8 of 29
Page 8 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														6.66961%
Weighted Average Margin Prior														6.~~61601~~60995%
Weighted Average Margin Current														6.~~60886~~60805%
Weighted Average Max Rate Original														13.83833%
Weighted Average Max Rate Prior														13.~~77863~~74376%
Weighted Average Max Rate Current														13.~~75907~~73598%
Weighted Average Min Rate Original														7.31764%
Weighted Average Min Rate Prior														7.~~26905~~24224%
Weighted Average Min Rate Current														7.~~24880~~24292%
Weighted Average Cap Up Original														1.25975%
Weighted Average Cap Up Prior														1.~~23726~~23406%
Weighted Average Cap Up Current														1.~~23729~~22803%
Weighted Average Cap Down Original														1.25975%
Weighted Average Cap Down Prior														1.~~23726~~23406%
Weighted Average Cap Down Current														1.~~23729~~22803%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														~~165~~43,~~964~~183.5116
Delinquent Servicing Fees														68167,~~932~~548.4656
TOTAL SERVICING FEES														~~234~~210,~~896~~731.9873
Compensating Interest														-1916,~~818~~944.8401
Delinquent Servicing Fees														-68167,~~932~~548.4656
COLLECTED SERVICING FEES														~~146~~26,~~145~~239.6815
Aggregate Advances with respect to this Distribution														12,~~087~~511,~~445~~557.4346
ADDITIONAL COLLATERAL INFORMATION
														Total
Net Prepayment Interest Shortfall														0.00
Page 9 of 29
Page 9 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				914,~~009~~737,~~222~~104.3696		26,~~455~~273,~~597~~562.5669		13,~~712~~116,~~566~~950.6690		1324,~~177~~127,~~386~~618.5855
			% Balance				13.6810%		01.4632%		0.3265%		25.4607%
			# Loans				6399		1847		1829		99175
			% # Loans				13.9539%		01.5661%		0.5699%		36.0700%
	FORECLOSURE		Balance		~~333,302~~0.5400		~~655~~49,~~565~~132.1812		2,~~286~~695,~~116~~021.9700		46,~~576~~686,~~993~~768.1839		79,~~851~~430,~~977~~921.8751
			% Balance		0.0600%		0.1201%		0.4357%		01.8641%		1.4798%
			# Loans		40		31		1613		3145		5459
			% # Loans		0.1200%		0.0903%		0.5045%		01.9654%		12.6702%
	BANKRUPTCY		Balance		~~354~~216,~~230~~121.7869		~~152~~303,~~059~~702.2265		080,821.0042		1,~~312~~969,~~215~~614.4495		12,~~818~~570,~~505~~260.4471
			% Balance		0.0705%		0.0306%		0.0002%		0.2541%		0.3454%
			# Loans		3		23		02		1117		1625
			% # Loans		0.0910%		0.0610%		0.0007%		0.3458%		0.5086%
	REO		Balance		0.00		0.00		0.00		~~409~~713,~~354~~117.6340		~~409~~713,~~354~~117.6340
			% Balance		0.00%		0.00%		0.00%		0.0815%		0.0815%
			# Loans		0		0		0		58		58
			% # Loans		0.00%		0.00%		0.00%		0.1527%		0.1527%
	TOTAL		Balance		~~687~~216,~~533~~121.3269		915,~~816~~089,~~846~~939.7673		49,~~741~~049,~~714~~405.5311		812,~~011~~486,~~129~~451.9164		2336,~~257~~841,~~224~~918.5217
			% Balance		0.1305%		13.8317%		01.8990%		12.5062%		47.3574%
			# Loans		73		68103		3462		6599		~~174~~267
			% # Loans		0.2210%		23.1153%		12.0512%		23.0139%		59.3915%
Page 10 of 29
Page 10 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				914,~~009~~737,~~222~~104.3696		26,~~455~~273,~~597~~562.5669		13,~~712~~116,~~566~~950.6690		1324,~~177~~127,~~386~~618.5855
			% Balance				13.6810%		01.4632%		0.3265%		25.4607%
			# Loans				6399		1847		1829		99175
			% # Loans				13.9539%		01.5661%		0.5699%		36.0700%
	FORECLOSURE		Balance		~~333,302~~0.5400		~~655~~49,~~565~~132.1812		2,~~286~~695,~~116~~021.9700		46,~~576~~686,~~993~~768.1839		79,~~851~~430,~~977~~921.8751
			% Balance		0.0600%		0.1201%		0.4357%		01.8641%		1.4798%
			# Loans		40		31		1613		3145		5459
			% # Loans		0.1200%		0.0903%		0.5045%		01.9654%		12.6702%
	BANKRUPTCY		Balance		~~354~~216,~~230~~121.7869		~~152~~303,~~059~~702.2265		080,821.0042		1,~~312~~969,~~215~~614.4495		12,~~818~~570,~~505~~260.4471
			% Balance		0.0705%		0.0306%		0.0002%		0.2541%		0.3454%
			# Loans		3		23		02		1117		1625
			% # Loans		0.0910%		0.0610%		0.0007%		0.3458%		0.5086%
	REO		Balance		0.00		0.00		0.00		~~409~~713,~~354~~117.6340		~~409~~713,~~354~~117.6340
			% Balance		0.00%		0.00%		0.00%		0.0815%		0.0815%
			# Loans		0		0		0		58		58
			% # Loans		0.00%		0.00%		0.00%		0.1527%		0.1527%
	TOTAL		Balance		~~687~~216,~~533~~121.3269		915,~~816~~089,~~846~~939.7673		49,~~741~~049,~~714~~405.5311		812,~~011~~486,~~129~~451.9164		2336,~~257~~841,~~224~~918.5217
			% Balance		0.1305%		13.8317%		01.8990%		12.5062%		47.3574%
			# Loans		73		68103		3462		6599		~~174~~267
			% # Loans		0.2210%		23.1153%		12.0512%		23.0139%		59.3915%
Page 11 of 29
Page 11 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
	GROUP 2
Page 12 of 29
Page 12 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
913 1
363 1
			25,000.00		24,860.73		01-Jan-2005		9.990%		MI - 20.00%		360		01-Nov-2004
			63,000.00		62,444.97		20-Apr-2005		9.250%		MI - 90.00%		360		20-Aug-2004
1041 1			139,500.00		138,024.58		01-Mar-2005		6.790%		GA - 90.00%		360		01-Nov-2004
665 1			121,500.00		120,492.10		01-Jul-2005		9.200%		MI - 90.00%		360		01-Oct-2004
1645 1			52,000.00		51,750.42		04-Apr-2005		9.790%		MI - 80.00%		360		04-Dec-2004
913 1			25,000.00		24,836.14		01-Jan-2005		9.990%		MI - 20.00%		360		01-Nov-2004
2755 1			110,400.00		109,258.92		01-Feb-2005		6.440%		GA - 80.00%		360		01-Dec-2004
1645 1			52,000.00		51,698.02		04-Apr-2005		9.790%		MI - 80.00%		360		04-Dec-2004
3481 1			85,800.00		85,459.98		01-Jan-2005		10.700%		TN - 65.00%		360		01-Jan-2005
1662 1			107,100.00		106,534.93		04-May-2005		10.250%		MN - 90.00%		360		04-Dec-2004
TOTAL			412,700.00		409,354.63
1909 1			55,250.00		54,912.79		01-Apr-2005		9.550%		KS - 85.00%		360		01-Jan-2005
Page 13 of 29
1927 1			113,750.00		113,097.53		22-Apr-2005		9.850%		MN - 65.00%		360		22-Dec-2004
3623 1			180,720.00		179,100.92		01-May-2005		6.675%		CO - 80.00%		360		01-Mar-2005
TOTAL			718,320.00		713,117.40
Page 13 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
78 1
			264,800.00		264,798.35		01-Feb-2005		6.500%		MS - 80.00%		360		01-Jul-2004
363 1			63,000.00		62,518.01		20-Apr-2005		9.250%		MI - 90.00%		360		20-Aug-2004
203 1			399,500.00		399,500.00		01-Aug-2005		7.850%		NV - 85.00%		360		01-Aug-2004
403 1			424,000.00		424,000.00		01-~~Jul~~Aug-2005		7.125%		CA - 80.00%		360		01-Sep-2004
560 1			101,600.00		100,358.15		01-Oct-2005		6.500%		AZ - 80.00%		360		01-Oct-2004
429 1			213,750.00		213,750.00		01-Jun-2005		7.375%		MN - 95.00%		360		01-Sep-2004
626 1			180,500.00		179,615.40		07-Apr-2005		10.600%		NY - 95.00%		360		07-Oct-2004
484 1			76,500.00		75,382.23		01-Dec-2004		7.840%		IL - 90.00%		360		01-Aug-2004
632 1			40,000.00		39,797.59		18-Mar-2005		10.850%		MS - 80.00%		360		18-Sep-2004
626 1			180,500.00		179,458.68		07-Apr-2005		10.600%		NY - 95.00%		360		07-Oct-2004
796 1			61,200.00		60,~~727~~645.9233		01-Feb-2005		8.400%		OH - 90.00%		360		01-Nov-2004
804 1			79,050.00		78,~~388~~272.3283		01-Dec-2004		7.990%		OH - 85.00%		360		01-Nov-2004
812 1			76,500.00		75,~~919~~818.8054		01-Jun-2005		8.500%		OH - 90.00%		360		01-Nov-2004
940 1			100,000.00		99,220.92		01-Oct-2005		8.350%		IN - 80.00%		360		01-Nov-2004
863 1			60,000.00		59,577.98		01-Jun-2005		9.650%		IN - 61.22%		360		01-Nov-2004
968 1			263,700.00		260,752.49		01-Feb-2005		6.500%		CA - 90.00%		360		01-Nov-2004
873 1			432,000.00		426,840.11		01-Jul-2005		6.990%		CA - 80.00%		360		01-Nov-2004
1115 1			80,000.00		79,318.27		01-Dec-2004		7.900%		NJ - 23.19%		360		01-Nov-2004
875 1			68,000.00		67,331.42		01-Jul-2005		7.990%		IL - 80.00%		360		01-Nov-2004
1455 1			76,000.00		75,520.88		24-Mar-2005		9.800%		MS - 80.00%		360		24-Sep-2004
876 1			82,800.00		82,133.53		01-Apr-2005		8.990%		OH - 90.00%		360		01-Nov-2004
1460 1			70,000.00		69,618.30		01-Oct-2005		11.020%		KS - 50.00%		360		01-Nov-2004
942 1			175,100.00		172,742.09		01-Aug-2005		6.700%		GA - 85.00%		360		01-Nov-2004
1542 1			180,900.00		179,588.42		26-Apr-2005		8.550%		KY - 90.00%		360		26-Nov-2004
978 1			460,000.00		453,558.87		01-Aug-2005		6.150%		CA - 80.00%		360		01-Nov-2004
1576 1			51,100.00		50,840.69		01-Mar-2005		10.000%		MI - 70.00%		360		01-Dec-2004
1264 1			97,750.00		96,924.21		01-May-2005		8.750%		PA - 85.00%		360		01-Nov-2004
1582 1			40,500.00		40,313.01		01-Jun-2005		10.450%		MN - 75.00%		360		01-Dec-2004
1280 1			71,200.00		70,656.60		01-Aug-2005		9.250%		TX - 80.00%		360		01-Nov-2004
1643 1			228,750.00		227,631.22		04-Dec-2004		9.700%		MA - 75.00%		360		04-Dec-2004
1451 1			50,400.00		49,584.62		05-Jul-2005		10.850%		WV - 80.00%		240		05-Nov-2004
1659 1			110,000.00		109,353.85		04-May-2005		9.450%		CA - 59.46%		360		04-Dec-2004
1455 1			76,000.00		75,442.56		24-Mar-2005		9.800%		MS - 80.00%		360		24-Sep-2004
1662 1			107,100.00		106,633.16		04-May-2005		10.250%		MN - 90.00%		360		04-Dec-2004
1481 1			40,000.00		39,701.86		18-Jun-2005		9.000%		IA - 65.57%		360		18-Nov-2004
1674 1			72,000.00		71,683.11		01-Jun-2005		10.675%		FL - 100.00%		360		01-Dec-2004
1538 1			323,000.00		320,291.47		26-Jun-2005		8.400%		CA - 95.00%		360		26-Nov-2004
1687 1			120,000.00		119,353.89		01-Jun-2005		9.725%		CT - 48.00%		360		01-Dec-2004
1542 1			180,900.00		179,351.96		26-Apr-2005		8.550%		KY - 90.00%		360		26-Nov-2004
1695 1			97,750.00		96,972.45		01-Apr-2005		7.800%		FL - 85.00%		360		01-Dec-2004
1576 1			51,100.00		50,790.95		01-Mar-2005		10.000%		MI - 70.00%		360		01-Dec-2004
1708 1			144,000.00		143,291.97		01-Feb-2005		10.150%		IN - 80.00%		360		01-Dec-2004
1582 1			40,500.00		40,277.05		01-Jun-2005		10.450%		MN - 75.00%		360		01-Dec-2004
1883 1			216,000.00		214,062.16		01-May-2005		8.250%		CA - 56.54%		360		01-Oct-2004
1643 1			228,750.00		227,396.45		04-Dec-2004		9.700%		MA - 75.00%		360		04-Dec-2004
1909 1			55,250.00		54,971.24		01-Apr-2005		9.550%		KS - 85.00%		360		01-Jan-2005
1651 1			70,000.00		69,620.37		04-May-2005		10.120%		FL - 21.93%		360		04-Dec-2004
1927 1			113,750.00		113,210.77		22-Apr-2005		9.850%		MN - 65.00%		360		22-Dec-2004
1659 1			110,000.00		109,233.84		04-May-2005		9.450%		CA - 59.46%		360		04-Dec-2004
1932 1			121,100.00		120,555.26		17-Apr-2005		10.100%		FL - 70.00%		360		17-Dec-2004
1674 1			72,000.00		71,622.10		01-Jun-2005		10.675%		FL - 100.00%		360		01-Dec-2004
1949 1			91,000.00		90,718.48		23-Apr-2005		11.850%		CA - 65.00%		360		23-Dec-2004
1687 1			120,000.00		119,230.36		01-Jun-2005		9.725%		CT - 48.00%		360		01-Dec-2004
1973 1			150,300.00		149,442.00		23-Jun-2005		8.950%		GA - 90.00%		360		23-Dec-2004
1695 1			97,750.00		96,825.27		01-Apr-2005		7.800%		FL - 85.00%		360		01-Dec-2004
1995 1			139,600.00		138,950.59		24-May-2005		10.300%		NC - 80.00%		360		24-Dec-2004
1708 1			144,000.00		143,156.04		01-Feb-2005		10.150%		IN - 80.00%		360		01-Dec-2004
2116 1			44,625.00		44,429.20		06-Apr-2005		10.300%		LA - 75.00%		360		06-Jan-2005
1728 1			390,000.00		385,612.13		01-Aug-2005		6.900%		CA - 67.83%		360		01-Dec-2004
2148 1			48,450.00		48,226.33		06-May-2005		9.950%		MO - 85.00%		360		06-Jan-2005
1856 1			324,000.00		321,052.12		01-Aug-2005		7.990%		CO - 90.00%		360		01-Dec-2004
2207 1			270,000.00		268,311.10		01-Mar-2005		8.575%		CA - 90.00%		360		01-Jan-2005
1883 1			216,000.00		213,759.00		01-May-2005		8.250%		CA - 56.54%		360		01-Oct-2004
2404 1			95,000.00		94,405.78		01-May-2005		8.500%		NC - 65.52%		360		01-Jan-2005
1911 1			49,300.00		49,132.12		09-Aug-2005		12.300%		NC - 85.00%		360		09-Dec-2004
2438 1			64,400.00		64,105.17		08-Aug-2005		9.500%		MD - 70.00%		360		08-Jan-2005
1970 1			40,000.00		39,760.85		22-Jul-2005		9.650%		WV - 59.26%		360		22-Dec-2004
2567 1			97,750.00		97,239.99		01-Mar-2005		8.856%		MS - 85.00%		360		01-Feb-2005
1973 1			150,300.00		149,262.61		23-Jun-2005		8.950%		GA - 90.00%		360		23-Dec-2004
2588 1			146,400.00		144,895.34		01-Apr-2005		5.950%		FL - 80.00%		360		01-Jan-2005
1995 1			139,600.00		138,823.06		24-May-2005		10.300%		NC - 80.00%		360		24-Dec-2004
3090 1			168,000.00		166,613.57		01-Jun-2005		6.990%		OH - 80.00%		360		01-Feb-2005
2141 1			58,900.00		58,571.75		06-Jul-2005		9.550%		OK - 95.00%		360		06-Jan-2005
3119 1			284,200.00		282,411.72		01-Apr-2005		8.250%		CA - 70.00%		360		01-Feb-2005
2588 1			146,400.00		144,585.37		01-Apr-2005		5.950%		FL - 80.00%		360		01-Jan-2005
3205 1			112,200.00		111,405.55		01-May-2005		8.375%		FL - 85.00%		360		01-Dec-2004
2745 1			140,800.00		139,518.93		01-Aug-2005		7.990%		OH - 80.00%		360		01-Dec-2004
3306 1			387,000.00		384,861.95		01-Jun-2005		8.575%		CO - 90.00%		360		01-Feb-2005
2808 1			123,500.00		122,609.99		01-Jul-2005		8.290%		WA - 95.00%		360		01-Feb-2005
3363 1			214,000.00		212,169.12		01-Jun-2005		6.350%		CA - 62.94%		360		01-Feb-2005
3033 1			83,505.00		83,029.99		01-Aug-2005		9.450%		TX - 95.00%		360		01-Feb-2005
3422 1			59,120.00		59,120.00		01-Jun-2005		7.250%		ID - 80.00%		360		01-Sep-2004
3090 1			168,000.00		166,320.60		01-Jun-2005		6.990%		OH - 80.00%		360		01-Feb-2005
3434 1			67,500.00		66,952.68		01-Jan-2005		8.150%		OH - 75.00%		360		01-Nov-2004
3119 1			284,200.00		282,023.35		01-Apr-2005		8.250%		CA - 70.00%		360		01-Feb-2005
3577 1			313,650.00		311,782.29		01-Apr-2005		7.600%		CA - 85.00%		360		01-Mar-2005
3121 1			85,500.00		84,980.00		01-Jul-2005		9.125%		NC - 90.00%		360		01-Feb-2005
3623 1			180,720.00		179,431.96		01-May-2005		6.675%		CO - 80.00%		360		01-Mar-2005
3186 1			265,500.00		263,966.24		01-Jul-2005		9.375%		CA - 75.00%		360		01-Feb-2005
3758 1			82,500.00		82,123.18		20-Jun-2005		10.500%		FL - 75.00%		360		20-Nov-2004
3205 1			112,200.00		111,254.46		01-May-2005		8.375%		FL - 85.00%		360		01-Dec-2004
3827 1			128,250.00		127,673.43		01-Jun-2005		8.990%		IL - 95.00%		360		01-Mar-2005
3306 1			387,000.00		384,367.93		01-Jun-2005		8.575%		CO - 90.00%		360		01-Feb-2005
Page 14 of 29
Page 14 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
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
3845 1
3422 1
			189,000.00		188,047.95		01-Apr-2005		7.750%		IL - 100.00%		360		01-Apr-2005
			59,120.00		59,120.00		01-Jun-2005		7.250%		ID - 80.00%		360		01-Sep-2004
3851 1			298,350.00		296,962.75		01-Jun-2005		8.150%		MT - 81.74%		360		01-Apr-2005
3434 1			67,500.00		66,857.06		01-Jan-2005		8.150%		OH - 75.00%		360		01-Nov-2004
3865 1			162,500.00		161,708.88		01-Jun-2005		8.600%		CA - 65.00%		360		01-Mar-2005
3479 1			44,250.00		43,994.90		01-Jul-2005		10.250%		AR - 75.00%		360		01-Jan-2005
336142 1			168,000.00		166,573.53		01-Jun-2005		6.390%		FL - 80.00%		360		01-Feb-2005
3534 1			228,000.00		225,546.71		01-Jul-2005		6.700%		NH - 84.44%		360		01-Jan-2005
3719 1			90,000.00		88,551.35		01-Jul-2005		6.600%		FL - 78.26%		360		01-Aug-2004
3845 1			189,000.00		187,767.97		01-Apr-2005		7.750%		IL - 100.00%		360		01-Apr-2005
313399 1			184,000.00		182,628.30		01-Jul-2005		6.075%		CO - 80.00%		360		01-Jun-2005
1000330366 1			394,400.00		394,399.73		01-Apr-2005		6.200%		CA - 80.00%		360		01-Jan-2005
TOTAL			7,895,465.00		7,851,977.87
1000402614 1			153,000.00		152,076.27		01-Jul-2005		8.675%		NV - 87.43%		360		01-Mar-2005
Page 15 of 29
3000007211 1			97,850.00		97,433.05		01-Aug-2005		9.250%		WY - 95.00%		360		01-May-2005
TOTAL			9,498,875.00		9,430,921.51
Page 15 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														~~157~~160
Number of Repurchased Loans														20
Total Number of Loans Prepaid in Full														~~159~~160
Curtailments Amount														1923,~~296~~274.2995
Paid in Full Balance														2729,~~702~~416,~~335~~382.7028
Repurchased Loans Balance														~~610,359~~0.0700
Total Prepayment Amount														2829,~~331~~439,~~991~~657.0623
Cumulative
Number of Paid in Full Loans														~~898~~1,204
Number of Repurchased Loans														4
Total Number of Loans Prepaid in Full														~~902~~1,208
Paid in Full Balance														~~168~~226,~~192~~545,~~748~~200.2011
Repurchased Loans Balance														888,439.80
Curtailments Amount														~~256~~107,~~086~~137.0449
Total Prepayment Amount														~~169~~227,~~337~~540,~~274~~777.0440
Page 16 of 29
Page 16 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														5.0485%
3 Months Avg SMM														45.7944%
12 Months Avg SMM														3.4891%
Avg SMM Since Cut-off														3.4891%
CPR														4651.2647%
3 Months Avg CPR														4448.5088%
12 Months Avg CPR														3438.5904%
Avg CPR Since Cut-off														3438.5904%
PSA														2,~~137~~014.4794%
3 Months Avg PSA Approximation														2,~~257~~072.9965%
12 Months Avg PSA Approximation														2,~~300~~246.4301%
Avg PSA Since Cut-off Approximation														2,~~300~~246.4401%
Page 17 of 29
Page 17 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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 18 of 29
Page 18 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
14 1			277,400.00		277,394.02			30-Sep-2005		7.990%		CA - 95.00%		Paid Off - 360		01-Jun-2004
9 1			79,200.00		77,969.29			15-Dec-2005		6.990%		IA - 80.00%		Paid Off - 360		01-Jun-2004
64 1			177,000.00		175,336.82			21-Sep-2005		8.625%		CT - 69.96%		Paid Off - 360		01-Jul-2004
173 1			82,600.00		77,856.38			22-Nov-2005		6.732%		NH - 70.00%		Paid Off - 180		01-Jul-2004
92 1			451,250.00		445,852.34			16-Sep-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Aug-2004
184 1			159,000.00		156,560.49			21-Nov-2005		6.740%		MA - 60.00%		Paid Off - 360		01-Jul-2004
130 1			133,200.00		129,668.50			05-Oct-2005		5.908%		AZ - 90.00%		Paid Off - 360		01-Aug-2004
222 1			112,500.00		111,454.19			30-Nov-2005		8.975%		FL - 90.00%		Paid Off - 360		01-Aug-2004
217 1			240,000.00		236,983.85			03-Oct-2005		7.100%		FL - 75.00%		Paid Off - 360		01-Jul-2004
258 1			397,500.00		397,495.44			02-Dec-2005		6.990%		CA - 75.00%		Paid Off - 360		01-Aug-2004
225 1			244,000.00		243,988.50			04-Oct-2005		7.050%		CA - 80.00%		Paid Off - 360		01-Aug-2004
281 1			34,500.00		34,192.40			18-Nov-2005		9.200%		TX - 75.00%		Paid Off - 360		01-Aug-2004
247 1			219,200.00		216,581.90			21-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Aug-2004
303 1			261,590.00		261,590.00			12-Dec-2005		7.125%		CA - 80.00%		Paid Off - 360		01-Sep-2004
250 1			68,500.00		67,833.17			16-Sep-2005		8.240%		AZ - 100.00%		Paid Off - 360		01-Aug-2004
350 1			120,120.00		119,301.09			07-Dec-2005		10.150%		MS - 84.00%		Paid Off - 360		12-Aug-2004
296 1			135,000.00		133,035.18			04-Oct-2005		6.900%		NY - 58.70%		Paid Off - 360		01-Jul-2004
367 1			146,250.00		144,740.01			16-Nov-2005		8.110%		CA - 69.98%		Paid Off - 360		19-Aug-2004
306 1			107,100.00		106,156.02			29-Sep-2005		8.150%		CA - 90.00%		Paid Off - 360		01-Sep-2004
375 1			197,000.00		195,267.43			13-Dec-2005		8.550%		NV - 100.00%		Paid Off - 360		04-Sep-2004
330 1			35,000.00		34,698.15			23-Sep-2005		9.325%		CA - 50.00%		Paid Off - 360		01-Sep-2004
389 1			35,798.00		35,576.90			25-Nov-2005		10.625%		AZ - 20.00%		Paid Off - 180		01-Sep-2004
348 1			172,000.00		170,756.47			13-Oct-2005		10.250%		AR - 80.00%		Paid Off - 360		19-Aug-2004
396 1			161,000.00		159,250.91			02-Dec-2005		7.850%		CA - 79.70%		Paid Off - 360		01-Sep-2004
388 1			376,000.00		376,000.00			29-Sep-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Sep-2004
436 1			101,600.00		100,025.68			21-Nov-2005		5.990%		FL - 80.00%		Paid Off - 360		01-Sep-2004
400 1			106,320.00		106,320.00			22-Sep-2005		6.950%		OR - 80.00%		Paid Off - 360		01-Sep-2004
516 1			346,950.00		346,803.63			05-Dec-2005		6.450%		NY - 90.00%		Paid Off - 360		01-Sep-2004
401 1			211,500.00		211,500.00			19-Sep-2005		7.550%		IL - 90.00%		Paid Off - 360		01-Sep-2004
531 1			289,000.00		288,770.06			22-Nov-2005		6.690%		CA - 85.00%		Paid Off - 360		01-Sep-2004
411 1			160,000.00		158,038.90			29-Sep-2005		6.450%		OR - 80.00%		Paid Off - 360		01-Sep-2004
575 1			25,400.00		24,561.50			21-Nov-2005		10.990%		FL - 20.00%		Paid Off - 180		01-Sep-2004
415 1			40,000.00		39,702.23			29-Sep-2005		8.990%		OR - 20.00%		Paid Off - 180		01-Sep-2004
583 1			531,000.00		523,927.46			23-Nov-2005		9.500%		CA - 90.00%		Paid Off - 360		01-Oct-2004
422 1			149,400.00		147,670.12			28-Sep-2005		6.750%		FL - 90.00%		Paid Off - 360		15-Aug-2004
596 1			214,240.00		214,240.00			16-Nov-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Oct-2004
423 1			295,600.00		289,717.03			03-Oct-2005		7.750%		TX - 70.38%		Paid Off - 360		20-Aug-2004
600 1			100,000.00		98,985.68			22-Nov-2005		8.650%		FL - 80.00%		Paid Off - 360		01-Oct-2004
465 1			308,750.00		308,357.82			06-Oct-2005		7.125%		CA - 95.00%		Paid Off - 360		01-Aug-2004
602 1			185,000.00		182,794.59			30-Nov-2005		7.000%		FL - 66.79%		Paid Off - 360		01-Oct-2004
519 1			425,000.00		423,042.31			30-Sep-2005		6.090%		CA - 85.00%		Paid Off - 360		01-Oct-2004
620 1			128,700.00		127,434.14			14-Dec-2005		7.990%		NH - 90.00%		Paid Off - 360		01-Oct-2004
533 1			400,000.00		400,000.00			27-Sep-2005		6.090%		CA - 89.79%		Paid Off - 360		01-Sep-2004
702 1			182,400.00		180,329.15			21-Nov-2005		7.625%		RI - 80.00%		Paid Off - 360		01-Sep-2004
535 1			204,000.00		204,000.00			30-Sep-2005		6.340%		CA - 80.00%		Paid Off - 360		01-Sep-2004
779 1			283,000.00		279,763.05			17-Nov-2005		7.750%		CA - 79.85%		Paid Off - 360		05-Oct-2004
539 1			428,000.00		427,891.64			21-Sep-2005		6.740%		CA - 80.00%		Paid Off - 360		01-Sep-2004
788 1			48,000.00		47,700.46			13-Dec-2005		9.850%		IL - 20.00%		Paid Off - 360		01-Nov-2004
545 1			145,541.00		143,088.44			13-Oct-2005		7.990%		FL - 95.00%		Paid Off - 360		01-Oct-2004
793 1			395,200.00		395,199.99			01-Dec-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Nov-2004
565 1			435,600.00		435,582.45			21-Sep-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Oct-2004
904 1			33,790.00		33,333.77			07-Dec-2005		12.250%		WA - 20.00%		Paid Off - 360		01-Nov-2004
567 1			140,000.00		138,759.13			14-Oct-2005		7.700%		FL - 56.00%		Paid Off - 360		01-Oct-2004
920 1			372,000.00		368,416.23			25-Nov-2005		7.700%		CA - 80.00%		Paid Off - 360		01-Nov-2004
692 1			268,800.00		268,800.00			07-Oct-2005		7.990%		CA - 70.00%		Paid Off - 360		01-Oct-2004
933 1			201,500.00		198,907.83			05-Dec-2005		6.600%		CA - 65.00%		Paid Off - 360		01-Oct-2004
693 1			213,300.00		213,300.00			30-Sep-2005		7.990%		CA - 96.95%		Paid Off - 360		01-Oct-2004
935 1			160,000.00		157,577.60			02-Dec-2005		5.850%		NJ - 59.26%		Paid Off - 360		01-Oct-2004
712 1			204,250.00		202,449.69			20-Sep-2005		8.150%		FL - 95.00%		Paid Off - 360		01-Sep-2004
941 1			246,000.00		244,096.65			02-Dec-2005		8.800%		CA - 80.00%		Paid Off - 360		01-Nov-2004
720 1			183,750.00		183,749.97			03-Oct-2005		5.800%		NV - 75.00%		Paid Off - 360		01-Aug-2004
946 1			151,420.00		149,562.25			15-Dec-2005		6.850%		CA - 65.83%		Paid Off - 360		01-Oct-2004
721 1			220,000.00		217,015.73			23-Sep-2005		6.700%		UT - 80.00%		Paid Off - 360		01-Jul-2004
965 1			360,000.00		355,871.27			08-Dec-2005		6.800%		CA - 80.00%		Paid Off - 360		01-Nov-2004
743 1			236,000.00		233,824.44			16-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
968 1			263,700.00		260,498.13			18-Nov-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
762 1			81,900.00		81,160.63			07-Oct-2005		7.875%		MD - 90.00%		Paid Off - 360		01-Oct-2004
1005 1			253,600.00		250,402.34			23-Nov-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Nov-2004
819 1			459,000.00		459,000.00			06-Oct-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
1007 1			63,400.00		62,916.85			23-Nov-2005		8.875%		CA - 20.00%		Paid Off - 360		01-Nov-2004
821 1			82,000.00		81,529.00			29-Sep-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Oct-2004
1054 1			240,000.00		237,774.31			30-Nov-2005		7.900%		NY - 80.00%		Paid Off - 360		01-Nov-2004
829 1			388,000.00		387,656.15			14-Oct-2005		7.050%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1055 1			149,600.00		148,159.24			15-Dec-2005		7.850%		MD - 80.00%		Paid Off - 360		01-Nov-2004
Page 19 of 29
1059 1			37,400.00		36,822.53			15-Dec-2005		11.525%		MD - 20.00%		Paid Off - 240		01-Nov-2004
1090 1			130,000.00		128,480.25			22-Nov-2005		6.700%		IL - 54.17%		Paid Off - 360		01-Nov-2004
1091 1			275,000.00		272,045.76			25-Nov-2005		7.150%		GA - 84.36%		Paid Off - 360		01-Nov-2004
1096 1			99,000.00		98,017.90			06-Dec-2005		7.950%		MN - 90.00%		Paid Off - 360		01-Nov-2004
Page 19 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
849 1			76,709.00		76,205.30			30-Sep-2005		8.750%		MI - 90.00%		Paid Off - 360		01-Nov-2004
1111 1			151,200.00		149,640.31			06-Dec-2005		7.350%		MD - 80.00%		Paid Off - 360		01-Nov-2004
879 1			71,000.00		70,470.83			28-Sep-2005		8.250%		IN - 74.74%		Paid Off - 360		01-Nov-2004
1122 1			77,000.00		76,644.19			25-Nov-2005		11.275%		NY - 20.00%		Paid Off - 360		01-Nov-2004
885 1			149,600.00		147,974.91			04-Oct-2005		6.650%		NV - 80.00%		Paid Off - 360		01-Oct-2004
1146 1			150,000.00		148,637.92			07-Dec-2005		8.000%		NY - 38.96%		Paid Off - 360		01-Nov-2004
889 1			38,000.00		37,839.21			30-Sep-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Nov-2004
1151 1			166,500.00		164,731.76			06-Dec-2005		7.200%		GA - 90.00%		Paid Off - 360		01-Nov-2004
895 1			172,250.00		170,755.79			19-Sep-2005		7.350%		CA - 65.00%		Paid Off - 360		01-Nov-2004
1152 1			18,500.00		18,241.63			06-Dec-2005		12.000%		GA - 10.00%		Paid Off - 240		01-Nov-2004
903 1			55,000.00		53,549.84			07-Oct-2005		10.550%		MS - 41.98%		Paid Off - 180		01-Nov-2004
1165 1			268,000.00		264,879.32			30-Nov-2005		7.300%		VA - 80.00%		Paid Off - 360		01-Nov-2004
915 1			44,175.00		43,997.89			04-Oct-2005		11.750%		CO - 15.00%		Paid Off - 360		01-Nov-2004
1176 1			215,000.00		213,194.74			14-Dec-2005		8.400%		OR - 79.93%		Paid Off - 360		01-Nov-2004
917 1			184,050.00		181,892.34			12-Oct-2005		6.250%		CA - 64.79%		Paid Off - 360		01-Oct-2004
1256 1			192,000.00		189,185.15			21-Nov-2005		6.750%		CT - 80.00%		Paid Off - 360		01-Nov-2004
927 1			294,000.00		291,294.98			12-Oct-2005		7.500%		CA - 84.24%		Paid Off - 360		01-Oct-2004
1257 1			48,000.00		45,840.05			21-Nov-2005		9.375%		CT - 20.00%		Paid Off - 360		01-Nov-2004
929 1			365,000.00		361,285.20			07-Oct-2005		6.990%		CA - 56.15%		Paid Off - 360		01-Oct-2004
1292 1			397,500.00		393,359.83			30-Nov-2005		7.300%		CA - 75.00%		Paid Off - 360		01-Nov-2004
957 1			383,000.00		379,514.61			21-Sep-2005		7.350%		NV - 83.81%		Paid Off - 360		01-Nov-2004
1331 1			368,000.00		368,000.00			23-Nov-2005		6.540%		CA - 80.00%		Paid Off - 360		01-Dec-2004
971 1			87,920.00		87,370.27			13-Oct-2005		8.990%		UT - 80.00%		Paid Off - 360		01-Nov-2004
1334 1			149,600.00		149,585.84			08-Dec-2005		6.790%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1032 1			133,200.00		132,142.31			07-Oct-2005		7.800%		IL - 90.00%		Paid Off - 360		01-Nov-2004
1342 1			143,920.00		143,877.86			01-Dec-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1056 1			150,400.00		149,349.65			22-Sep-2005		8.990%		MN - 80.00%		Paid Off - 360		01-Nov-2004
1354 1			283,200.00		283,200.00			14-Dec-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1074 1			105,000.00		103,202.11			13-Oct-2005		8.990%		WA - 20.00%		Paid Off - 240		01-Nov-2004
1363 1			280,800.00		278,771.27			07-Dec-2005		8.725%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1117 1			300,000.00		297,665.06			13-Oct-2005		8.100%		NY - 100.00%		Paid Off - 360		01-Nov-2004
1386 1			280,000.00		279,917.73			09-Dec-2005		6.725%		CA - 75.07%		Paid Off - 360		01-Dec-2004
1121 1			93,500.00		92,764.02			11-Oct-2005		7.900%		FL - 80.60%		Paid Off - 360		01-Nov-2004
1388 1			424,000.00		424,000.00			07-Dec-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1126 1			57,800.00		57,354.41			07-Oct-2005		7.950%		PA - 83.77%		Paid Off - 360		01-Nov-2004
1400 1			128,000.00		126,635.80			07-Dec-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1134 1			100,100.00		99,642.70			23-Sep-2005		10.500%		FL - 65.00%		Paid Off - 360		01-Nov-2004
1417 1			92,000.00		91,487.46			23-Nov-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1180 1			149,600.00		148,017.10			23-Sep-2005		6.790%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1430 1			70,800.00		70,497.19			14-Dec-2005		11.240%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1189 1			223,200.00		221,119.58			27-Sep-2005		6.990%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
1449 1			70,000.00		69,676.33			09-Dec-2005		10.874%		CA - 18.77%		Paid Off - 180		01-Dec-2004
1211 1			203,000.00		201,255.19			14-Oct-2005		7.400%		CA - 76.60%		Paid Off - 360		01-Nov-2004
1457 1			183,000.00		181,848.04			23-Nov-2005		9.400%		FL - 100.00%		Paid Off - 360		29-Nov-2004
1213 1			408,000.00		403,110.55			28-Sep-2005		5.650%		CA - 79.22%		Paid Off - 360		01-Nov-2004
1497 1			211,650.00		209,698.89			22-Nov-2005		7.500%		NV - 85.00%		Paid Off - 360		19-Nov-2004
1220 1			253,584.00		253,330.77			28-Sep-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Nov-2004
1512 1			203,400.00		202,315.60			02-Dec-2005		10.200%		NJ - 90.00%		Paid Off - 360		25-Nov-2004
1227 1			12,400.00		11,648.68			27-Sep-2005		8.500%		NJ - 5.00%		Paid Off - 120		01-Nov-2004
1567 1			285,750.00		283,696.05			28-Nov-2005		8.750%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1269 1			149,000.00		148,227.93			04-Oct-2005		9.900%		NJ - 59.60%		Paid Off - 360		01-Nov-2004
1584 1			174,325.00		173,260.99			29-Nov-2005		9.550%		NV - 95.00%		Paid Off - 360		01-Dec-2004
1278 1			75,600.00		74,741.47			04-Oct-2005		6.250%		MI - 80.00%		Paid Off - 360		01-Nov-2004
1604 1			184,000.00		182,690.56			08-Dec-2005		8.350%		ME - 80.00%		Paid Off - 360		02-Dec-2004
1279 1			18,900.00		18,761.44			04-Oct-2005		11.250%		MI - 20.00%		Paid Off - 180		01-Nov-2004
1676 1			399,900.00		399,900.00			29-Nov-2005		7.200%		CA - 79.98%		Paid Off - 360		01-Dec-2004
1286 1			10,000.00		9,468.92			28-Sep-2005		10.990%		CA - 3.72%		Paid Off - 120		01-Nov-2004
1697 1			100,000.00		100,000.00			23-Nov-2005		7.650%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1287 1			140,000.00		138,536.49			23-Sep-2005		6.380%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1712 1			81,600.00		80,802.55			12-Dec-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1299 1			165,000.00		164,114.27			23-Sep-2005		9.750%		WI - 75.00%		Paid Off - 360		01-Nov-2004
1716 1			135,040.00		133,282.93			07-Dec-2005		7.450%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1414 1			31,200.00		31,083.80			07-Oct-2005		10.990%		FL - 20.00%		Paid Off - 180		01-Dec-2004
1756 1			170,000.00		167,813.11			29-Nov-2005		5.750%		CA - 72.34%		Paid Off - 360		01-Dec-2004
1418 1			98,000.00		97,635.75			30-Sep-2005		11.000%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1766 1			100,000.00		94,377.99			29-Nov-2005		10.410%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1427 1			37,000.00		36,869.36			28-Sep-2005		11.240%		AZ - 20.00%		Paid Off - 180		01-Dec-2004
1779 1			30,000.00		29,875.53			22-Nov-2005		11.500%		AZ - 20.00%		Paid Off - 180		01-Dec-2004
1440 1			30,000.00		29,619.31			04-Oct-2005		12.350%		CA - 9.84%		Paid Off - 240		01-Oct-2004
1786 1			20,400.00		20,349.75			12-Dec-2005		13.750%		FL - 20.00%		Paid Off - 180		01-Dec-2004
1448 1			47,432.00		46,715.33			03-Oct-2005		11.350%		CA - 17.57%		Paid Off - 180		01-Oct-2004
1836 1			96,000.00		95,180.32			28-Nov-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Nov-2004
1513 1			80,000.00		79,309.21			27-Sep-2005		6.950%		FL - 61.07%		Paid Off - 360		25-Nov-2004
1904 1			54,400.00		53,615.06			01-Dec-2005		9.950%		MO - 80.00%		Paid Off - 360		25-Nov-2004
1531 1			213,350.00		212,020.96			30-Sep-2005		8.850%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
1940 1			80,750.00		80,098.37			13-Dec-2005		9.600%		AZ - 85.00%		Paid Off - 360		19-Dec-2004
Page 20 of 29
2003 1			83,300.00		82,868.11			15-Dec-2005		9.900%		LA - 70.00%		Paid Off - 360		24-Dec-2004
2015 1			55,000.00		53,965.41			22-Nov-2005		8.900%		NJ - 29.26%		Paid Off - 360		24-Dec-2004
2113 1			360,000.00		358,126.40			09-Dec-2005		9.400%		NY - 80.00%		Paid Off - 360		06-Jan-2005
2137 1			232,200.00		230,191.35			25-Nov-2005		7.500%		MD - 90.00%		Paid Off - 360		06-Jan-2005
2167 1			186,400.00		186,400.00			05-Dec-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005
Page 20 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
1536 1			200,000.00		198,808.32			19-Sep-2005		8.750%		MA - 65.57%		Paid Off - 360		01-Dec-2004
2170 1			456,000.00		455,733.56			01-Dec-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1642 1			131,000.00		130,146.83			14-Oct-2005		7.750%		NJ - 71.98%		Paid Off - 360		04-Dec-2004
2184 1			70,000.00		68,823.86			29-Nov-2005		6.750%		FL - 63.64%		Paid Off - 360		01-Jan-2005
1658 1			110,000.00		109,436.25			04-Oct-2005		8.950%		CA - 55.00%		Paid Off - 360		04-Dec-2004
2188 1			148,500.00		147,245.79			08-Dec-2005		7.490%		FL - 90.00%		Paid Off - 360		01-Jan-2005
1683 1			80,750.00		80,236.65			06-Oct-2005		8.425%		FL - 85.00%		Paid Off - 360		01-Dec-2004
2216 1			339,600.00		339,600.00			08-Dec-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1701 1			98,800.00		97,784.58			13-Oct-2005		5.950%		OK - 80.00%		Paid Off - 360		01-Dec-2004
2225 1			195,000.00		193,172.00			13-Dec-2005		6.950%		MA - 75.00%		Paid Off - 360		01-Jan-2005
1714 1			155,320.00		154,050.41			04-Oct-2005		7.150%		FL - 80.00%		Paid Off - 360		01-Dec-2004
2285 1			70,498.00		70,121.11			23-Nov-2005		9.750%		CA - 15.00%		Paid Off - 180		01-Jan-2005
1743 1			500,000.00		495,302.93			29-Sep-2005		6.450%		CA - 56.82%		Paid Off - 360		01-Dec-2004
2286 1			85,500.00		84,965.46			01-Dec-2005		8.990%		CA - 15.00%		Paid Off - 180		01-Jan-2005
1746 1			257,600.00		257,600.00			16-Sep-2005		7.750%		WA - 80.00%		Paid Off - 360		01-Dec-2004
2294 1			50,000.00		49,724.27			30-Nov-2005		9.600%		CA - 13.33%		Paid Off - 180		01-Jan-2005
1750 1			89,600.00		89,600.00			04-Oct-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Dec-2004
2317 1			84,900.00		84,567.84			08-Dec-2005		11.240%		CA - 20.00%		Paid Off - 180		01-Jan-2005
1752 1			137,750.00		137,749.15			04-Oct-2005		6.500%		FL - 95.00%		Paid Off - 360		01-Dec-2004
2343 1			192,000.00		190,034.41			05-Dec-2005		6.490%		ID - 80.00%		Paid Off - 360		01-Jan-2005
1776 1			40,400.00		40,163.42			13-Oct-2005		9.750%		FL - 20.00%		Paid Off - 180		01-Oct-2004
2346 1			532,000.00		528,507.60			30-Nov-2005		8.750%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1809 1			114,980.00		114,423.32			04-Oct-2005		9.750%		CA - 26.99%		Paid Off - 180		01-Nov-2004
2400 1			168,000.00		167,957.65			22-Nov-2005		5.990%		MN - 80.00%		Paid Off - 360		01-Jan-2005
1811 1			64,400.00		64,147.55			16-Sep-2005		10.750%		WA - 20.00%		Paid Off - 180		01-Dec-2004
2430 1			48,000.00		47,778.10			05-Dec-2005		10.990%		ID - 20.00%		Paid Off - 180		01-Jan-2005
1814 1			22,400.00		22,152.45			04-Oct-2005		10.250%		FL - 20.00%		Paid Off - 180		01-Dec-2004
2442 1			60,000.00		59,661.19			09-Dec-2005		9.000%		FL - 80.00%		Paid Off - 360		10-Jan-2005
1818 1			80,700.00		80,408.25			16-Sep-2005		11.130%		NC - 64.98%		Paid Off - 360		27-Nov-2004
2479 1			259,500.00		256,558.83			16-Nov-2005		5.650%		CA - 69.20%		Paid Off - 360		01-Feb-2005
1828 1			196,000.00		194,203.65			29-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
2528 1			34,910.00		34,765.63			05-Dec-2005		10.500%		FL - 19.95%		Paid Off - 180		01-Feb-2005
1829 1			49,000.00		48,749.71			29-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
2554 1			308,000.00		306,068.14			28-Nov-2005		8.500%		CA - 70.00%		Paid Off - 360		01-Feb-2005
1833 1			80,000.00		76,942.12			04-Oct-2005		8.490%		FL - 80.00%		Paid Off - 360		01-Dec-2004
2562 1			252,500.00		250,752.95			30-Nov-2005		8.490%		MD - 81.45%		Paid Off - 360		01-Jan-2005
1892 1			450,000.00		450,000.00			22-Sep-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Jan-2005
2568 1			308,108.00		306,180.78			22-Nov-2005		8.500%		CA - 68.00%		Paid Off - 360		01-Feb-2005
1944 1			40,000.00		39,828.15			23-Sep-2005		9.800%		MI - 57.14%		Paid Off - 360		19-Dec-2004
2624 1			278,400.00		278,400.00			08-Dec-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1961 1			163,000.00		162,223.58			29-Sep-2005		9.300%		FL - 100.00%		Paid Off - 360		22-Dec-2004
2712 1			69,600.00		69,338.53			08-Dec-2005		10.950%		CA - 20.00%		Paid Off - 180		01-Feb-2005
1977 1			91,000.00		90,489.46			27-Sep-2005		8.500%		WY - 64.08%		Paid Off - 360		22-Dec-2004
2722 1			38,600.00		38,455.51			08-Dec-2005		10.990%		FL - 20.00%		Paid Off - 180		01-Feb-2005
2012 1			208,050.00		206,733.58			21-Sep-2005		7.900%		AZ - 95.00%		Paid Off - 360		01-Jan-2005
2740 1			308,750.00		306,066.59			01-Dec-2005		7.800%		NY - 65.00%		Paid Off - 360		01-Dec-2004
2161 1			340,000.00		340,000.00			27-Sep-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
2742 1			140,000.00		138,925.42			18-Nov-2005		8.840%		CA - 80.00%		Paid Off - 360		01-Nov-2004
2254 1			267,920.00		267,920.00			04-Oct-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
2791 1			143,200.00		141,448.95			14-Dec-2005		8.790%		CA - 74.97%		Paid Off - 360		01-Dec-2004
2269 1			288,000.00		288,000.00			20-Sep-2005		6.890%		CA - 80.00%		Paid Off - 360		01-Oct-2004
2794 1			308,000.00		306,012.63			01-Dec-2005		8.990%		NY - 70.00%		Paid Off - 360		01-Jan-2005
2309 1			62,000.00		61,757.35			14-Oct-2005		10.240%		FL - 20.00%		Paid Off - 180		01-Jan-2005
2800 1			115,500.00		114,420.60			14-Dec-2005		7.490%		NV - 70.00%		Paid Off - 360		01-Dec-2004
2314 1			72,000.00		71,619.36			20-Sep-2005		10.240%		CA - 20.00%		Paid Off - 180		01-Oct-2004
2801 1			114,000.00		113,092.92			21-Nov-2005		7.790%		MI - 79.72%		Paid Off - 360		01-Jan-2005
2351 1			124,100.00		122,557.64			12-Oct-2005		7.650%		WA - 85.00%		Paid Off - 360		01-Dec-2004
2807 1			324,000.00		321,381.61			29-Nov-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
2437 1			127,500.00		126,799.43			07-Oct-2005		8.000%		OH - 85.00%		Paid Off - 360		08-Jan-2005
2828 1			415,000.00		#######			18-Nov-2005		5.750%		CA - 76.85%		Paid Off - 360		01-Feb-2005
2446 1			113,000.00		112,383.85			21-Sep-2005		8.550%		NV - 63.48%		Paid Off - 360		08-Jan-2005
2853 1			88,400.00		87,585.22			01-Dec-2005		7.040%		CT - 60.14%		Paid Off - 360		01-Jan-2005
2508 1			102,850.00		102,276.17			06-Oct-2005		8.550%		CT - 83.62%		Paid Off - 360		01-Jan-2005
2909 1			245,000.00		241,752.81			30-Nov-2005		5.100%		CA - 70.00%		Paid Off - 360		01-Jan-2005
2509 1			105,000.00		104,448.65			#######		8.825%		FL - 99.52%		Paid Off - 360		01-Jan-2005
2923 1			318,750.00		316,144.49			12-Dec-2005		7.150%		NY - 85.00%		Paid Off - 360		01-Feb-2005
2520 1			186,400.00		185,140.26			13-Oct-2005		6.950%		WA - 80.00%		Paid Off - 360		01-Feb-2005
2943 1			400,000.00		396,238.71			17-Nov-2005		7.690%		IL - 88.89%		Paid Off - 360		01-Feb-2005
2535 1			46,600.00		46,462.75			13-Oct-2005		11.000%		WA - 20.00%		Paid Off - 180		01-Feb-2005
2959 1			161,000.00		160,646.40			21-Nov-2005		6.990%		CA - 63.39%		Paid Off - 360		01-Feb-2005
2598 1			389,700.00		387,554.42			12-Oct-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005
2982 1			132,000.00		131,094.19			30-Nov-2005		8.040%		VA - 54.32%		Paid Off - 360		01-Feb-2005
2608 1			238,000.00		238,000.00			12-Oct-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Feb-2005
3030 1			223,000.00		222,040.19			30-Nov-2005		10.785%		FL - 100.00%		Paid Off - 360		01-Feb-2005
2612 1			308,000.00		308,000.00			03-Oct-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
3093 1			180,000.00		178,767.18			16-Nov-2005		7.500%		MD - 90.00%		Paid Off - 360		01-Mar-2005
Page 21 of 29
3112 1			179,200.00		177,609.66			28-Nov-2005		6.990%		MD - 80.00%		Paid Off - 360		01-Feb-2005
3124 1			270,000.00		268,434.97			15-Dec-2005		8.875%		CA - 60.00%		Paid Off - 360		01-Feb-2005
3144 1			122,400.00		121,465.63			01-Dec-2005		7.500%		CT - 80.00%		Paid Off - 360		01-Feb-2005
3180 1			400,000.00		397,698.88			06-Dec-2005		8.375%		CA - 69.93%		Paid Off - 360		01-Mar-2005
3200 1			135,000.00		134,066.55			09-Dec-2005		8.000%		MD - 79.41%		Paid Off - 360		01-Feb-2005
Page 21 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
2657 1			237,500.00		236,044.41			11-Oct-2005		7.450%		CA - 95.00%		Paid Off - 360		01-Feb-2005
3207 1			120,700.00		120,130.84			08-Dec-2005		9.875%		FL - 85.00%		Paid Off - 360		01-Feb-2005
2692 1			43,550.00		43,418.30			12-Oct-2005		10.950%		FL - 19.98%		Paid Off - 180		01-Feb-2005
3212 1			182,500.00		181,520.42			30-Nov-2005		9.250%		CA - 68.87%		Paid Off - 360		01-Feb-2005
2762 1			514,122.00		514,122.00			10-Oct-2005		9.140%		CA - 88.18%		Paid Off - 360		01-Jan-2005
3226 1			263,500.00		263,500.00			06-Dec-2005		6.990%		CA - 85.00%		Paid Off - 360		01-Feb-2005
2763 1			110,000.00		109,309.14			14-Oct-2005		8.500%		CA - 78.57%		Paid Off - 360		01-Dec-2004
3232 1			256,500.00		254,967.10			07-Dec-2005		8.725%		FL - 90.00%		Paid Off - 360		01-Feb-2005
2767 1			272,850.00		270,786.12			14-Oct-2005		7.800%		CA - 85.00%		Paid Off - 360		01-Dec-2004
3241 1			105,000.00		104,068.31			30-Nov-2005		6.725%		FL - 57.69%		Paid Off - 360		01-Feb-2005
2772 1			63,000.00		62,431.68			30-Sep-2005		6.640%		IL - 70.00%		Paid Off - 360		01-Dec-2004
3243 1			140,000.00		140,000.00			08-Dec-2005		6.350%		FL - 53.85%		Paid Off - 360		01-Feb-2005
2789 1			206,000.00		204,427.37			14-Oct-2005		7.500%		CA - 74.91%		Paid Off - 360		01-Dec-2004
3246 1			260,000.00		257,591.39			01-Dec-2005		6.500%		CA - 78.08%		Paid Off - 360		01-Feb-2005
2795 1			124,000.00		122,892.19			30-Sep-2005		6.690%		FL - 80.00%		Paid Off - 360		01-Dec-2004
3274 1			388,000.00		388,000.00			21-Nov-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
2817 1			56,000.00		55,790.92			20-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
3307 1			165,750.00		164,272.11			13-Dec-2005		6.700%		FL - 85.00%		Paid Off - 360		01-Feb-2005
2823 1			260,000.00		258,670.10			20-Sep-2005		8.990%		CA - 79.51%		Paid Off - 360		01-Jan-2005
3314 1			297,500.00		297,500.00			01-Dec-2005		6.550%		CA - 85.00%		Paid Off - 360		01-Feb-2005
2837 1			187,000.00		186,358.98			28-Sep-2005		10.290%		CA - 68.00%		Paid Off - 360		01-Feb-2005
3375 1			113,000.00		112,275.19			22-Nov-2005		8.375%		FL - 84.96%		Paid Off - 360		01-Mar-2005
2871 1			193,000.00		191,947.89			04-Oct-2005		8.040%		CA - 49.49%		Paid Off - 360		01-Feb-2005
3430 1			117,000.00		116,598.57			08-Dec-2005		4.990%		AZ - 65.00%		Paid Off - 360		01-Oct-2004
2874 1			110,000.00		109,230.15			16-Sep-2005		7.410%		MI - 91.67%		Paid Off - 360		01-Jan-2005
3443 1			125,600.00		124,318.08			07-Dec-2005		7.800%		WI - 80.00%		Paid Off - 360		01-Oct-2004
2971 1			369,000.00		366,647.81			30-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3493 1			204,000.00		202,591.42			16-Nov-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
3008 1			287,000.00		284,798.08			16-Sep-2005		6.290%		CA - 94.10%		Paid Off - 360		01-Feb-2005
3513 1			237,250.00		235,113.76			30-Nov-2005		8.040%		CA - 65.00%		Paid Off - 360		01-Jan-2005
3041 1			104,500.00		103,852.68			27-Sep-2005		7.910%		FL - 95.00%		Paid Off - 360		01-Feb-2005
3519 1			88,000.00		87,390.28			25-Nov-2005		7.990%		IL - 80.00%		Paid Off - 360		01-Feb-2005
3115 1			266,250.00		264,858.61			29-Sep-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Feb-2005
3527 1			275,200.00		275,145.82			15-Dec-2005		5.450%		CA - 80.00%		Paid Off - 360		01-Jan-2005
3196 1			224,250.00		222,802.92			07-Oct-2005		7.375%		VA - 75.00%		Paid Off - 360		01-Feb-2005
3555 1			110,487.00		109,987.29			23-Nov-2005		9.550%		AZ - 84.99%		Paid Off - 360		01-Mar-2005
3259 1			256,500.00		255,040.47			22-Sep-2005		7.825%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3562 1			90,000.00		89,461.51			15-Dec-2005		10.470%		CA - 20.00%		Paid Off - 180		01-Nov-2004
3290 1			224,000.00		222,348.97			03-Oct-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005
3564 1			82,900.00		82,447.54			28-Nov-2005		9.650%		NV - 20.00%		Paid Off - 180		01-Jan-2005
3355 1			152,000.00		151,195.36			12-Oct-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005
3614 1			61,000.00		60,609.90			21-Nov-2005		8.150%		MO - 54.95%		Paid Off - 360		01-Mar-2005
3382 1			28,575.00		28,251.24			21-Sep-2005		10.950%		FL - 15.00%		Paid Off - 180		01-Feb-2005
3706 1			224,000.00		224,000.00			01-Dec-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Aug-2004
3415 1			55,250.00		54,926.05			03-Oct-2005		9.900%		AL - 85.00%		Paid Off - 360		09-Sep-2004
3724 1			465,000.00		465,000.00			01-Dec-2005		7.050%		CA - 80.87%		Paid Off - 360		01-Sep-2004
3436 1			448,000.00		448,000.00			29-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
3744 1			14,650.00		13,592.38			16-Nov-2005		11.950%		CA - 5.00%		Paid Off - 120		01-Nov-2004
3457 1			316,000.00		315,754.25			21-Sep-2005		6.750%		CA - 74.79%		Paid Off - 360		01-Dec-2004
3752 1			32,000.00		31,861.77			07-Dec-2005		11.240%		FL - 20.00%		Paid Off - 180		01-Dec-2004
3587 1			475,000.00		475,000.00			22-Sep-2005		6.500%		CA - 72.52%		Paid Off - 360		01-Mar-2005
3760 1			236,800.00		234,413.75			29-Nov-2005		7.500%		FL - 80.00%		Paid Off - 360		01-Jan-2005
3594 1			97,520.00		96,878.16			21-Sep-2005		6.380%		FL - 80.00%		Paid Off - 360		01-Mar-2005
3865 1			162,500.00		161,606.77			17-Nov-2005		8.600%		CA - 65.00%		Paid Off - 360		01-Mar-2005
3617 1			250,000.00		248,313.31			12-Oct-2005		6.250%		CA - 66.49%		Paid Off - 360		01-Mar-2005
3887 1			184,500.00		183,516.40			14-Dec-2005		8.375%		MA - 90.00%		Paid Off - 360		01-Apr-2005
3646 1			35,000.00		34,456.63			10-Oct-2005		9.450%		FL - 41.18%		Paid Off - 180		01-Apr-2005
132218 1			210,000.00		208,270.18			02-Dec-2005		8.490%		NV - 73.94%		Paid Off - 360		01-Nov-2004
3648 1			132,000.00		130,105.19			22-Sep-2005		6.400%		FL - 79.52%		Paid Off - 360		01-Jul-2004
459219 1			29,000.00		28,904.71			09-Dec-2005		10.490%		CA - 20.00%		Paid Off - 180		01-Apr-2005
3746 1			37,600.00		37,499.50			22-Sep-2005		12.990%		MN - 20.00%		Paid Off - 360		01-Nov-2004
461814 1			307,200.00		305,025.84			25-Nov-2005		6.000%		CA - 78.77%		Paid Off - 360		01-May-2005
3753 1			40,000.00		39,812.40			29-Sep-2005		9.900%		AR - 80.00%		Paid Off - 360		15-Nov-2004
1299351 1			89,600.00		88,309.79			17-Nov-2005		6.000%		NE - 80.00%		Paid Off - 360		01-Oct-2004
3806 1			209,700.00		208,693.09			20-Sep-2005		7.990%		IL - 90.00%		Paid Off - 360		01-Mar-2005
1000845633 1			156,000.00		155,477.65			07-Dec-2005		10.400%		VA - 65.00%		Paid Off - 360		01-Apr-2005
3813 1			224,000.00		222,686.84			06-Oct-2005		6.980%		CA - 80.00%		Paid Off - 360		01-Mar-2005
TOTAL			29,623,046.00		29,416,382.28
3856 1			177,450.00		176,875.49			28-Sep-2005		9.150%		MD - 65.00%		Paid Off - 360		23-Mar-2005
Page 22 of 28
3858 1			292,500.00		291,417.77			20-Sep-2005		8.500%		CA - 90.00%		Paid Off - 360		28-Mar-2005
3879 1			38,800.00		38,695.58			05-Oct-2005		10.250%		CO - 20.00%		Paid Off - 180		01-Apr-2005
229605 1			59,500.00		59,232.54			12-Oct-2005		8.990%		CA - 20.00%		Paid Off - 180		01-Feb-2005
Page 22 of 29
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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
231648 1			184,400.00		184,400.00			14-Oct-2005		6.590%		CA - 80.00%		Paid Off - 360		01-May-2005
232311 1			232,000.00		231,329.71			30-Sep-2005		8.800%		CA - 80.00%		Paid Off - 360		01-May-2005
10143030 1			49,200.00		49,045.08			04-Oct-2005		12.250%		NV - 20.00%		Paid Off - 360		01-Nov-2004
1000877698 1			168,750.00		167,822.71			27-Sep-2005		8.150%		AK - 75.00%		Paid Off - 360		01-Mar-2005
3000006596 1			70,200.00		70,033.82			28-Sep-2005		9.750%		NC - 90.00%		Paid Off - 360		02-Apr-2005
4503025729 1			217,800.00		215,733.81			28-Sep-2005		6.375%		VA - 90.00%		Paid Off - 360		05-Nov-2004
2833 1			274,400.00		272,728.35			14-Oct-2005		8.090%		ID - 80.00%		Repur/Subs - 360		01-Jan-2005
3051 1			339,500.00		337,630.72			14-Oct-2005		7.990%		CA - 70.00%		Repur/Subs - 360		01-Feb-2005
TOTAL			28,473,818.00		28,312,694.77
Page 23 of 29
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														12
Collateral Principal Realized Loss/(Gain) Amount														1972,~~538~~906.0322
Collateral Interest Realized Loss/(Gain) Amount														03,191.0040
Net Liquidation Proceeds														6643,~~576~~447.4783
Cumulative
Number of Loans Liquidated														48
Collateral Realized Loss/(Gain) Amount														~~109~~241,~~553~~626.5457
Net Liquidation Proceeds														~~655~~870,~~242~~379.4621
Page 24 of 29
Page 23 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.02%
3 Months Avg MDR														0.0403%
12 Months Avg MDR														0.02%
Avg MDR Since Cut-off														0.02%
CDR														0.1828%
3 Months Avg CDR														0.5032%
12 Months Avg CDR														0.1923%
Avg CDR Since Cut-off														0.1923%
SDA														01.8511%
3 Months Avg SDA Approximation														21.5537%
12 Months Avg SDA Approximation														1.2635%
Avg SDA Since Cut-off Approximation														1.2635%
Loss Severity Approximation for Current Period														2260.6999%
3 Months Avg Loss Severity Approximation														2436.5909%
12 Months Avg Loss Severity Approximation														915.2294%
Avg Loss Severity Approximation Since Cut-off														915.2294%
Page 25 of 29
Page 24 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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 26 of 29
Page 25 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 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)
469 1
1098 1
			7.500%		GA - 80.00%		360		86,114.50				19,538.03		0.00
			12.250%		NH - 5.00%		60		10,393.63				13,585.03		0.00
TOTAL									86,114.50			19,538.03		0.00
2755 1			6.440%		GA - 80.00%		360		109,151.82				65,109.11		0.00
Page 27 of 29
469 1					GA - 80.00%		360				Revision		577.00
1041 1					GA - 90.00%		360				Revision		488.00
1472 1					GA - 100.00%		360				Revision		353.52
3481 1					TN - 65.00%		360				Revision		1,178.00
TOTAL									119,545.45			81,290.66		0.00
Page 26 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
														Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Balances 60+ days includes Bankruptcy and Foreclosure								4054,~~765~~912,~~630~~303.4058
						Ending Balance								~~535~~475,~~031~~923,~~868~~450.1674
						Senior Enhancement Percentage								2427.~~3600~~1500%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
														Total
Basis Risk CarryForward Amount Paid														17,~~211~~910.7770
Basis Risk CarryForward Amount Unpaid														0.000
Excess Reserve Fund Account Balance														0.00
Current LIBOR Rate														34.~~830000~~191250%
Next LIBOR Rate														0.000000%
Page 28 of 29
Page 27 of 28
IXIS Real Estate Capital Trust 2005-HE1
Mortgage Pass-Through Certificates
2005-HE1
October 25, 2005 Distribution
December 27, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
														Total
Page 29 of 29
Page 28 of 28

Filing Compare · IXIS Real Estate Capital Trust 2005-HE1