8-K 1 own05002_10505.txt 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): May 25, 2005 OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121605-06 54-2173158 Pooling and Servicing Agreement) (Commission 54-2173159 (State or other File Number) 54-6658793 jurisdiction of Incorporation) 54-6658794 IRS EIN C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On May 25, 2005 a distribution was made to holders of OWNIT MORTGAGE LOAN TRUST, Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust, relating to the May 25, 2005 distribution. 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. OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 5/27/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust, relating to the May 25, 2005 distribution. EX-99.1

OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Record Date: 34/3129/2005 Distribution Date: 45/25/2005 OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Series OWNIT Mortgage Loan 2005-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution R 691215BJ5 RES 3.10625% ~~100~~0.00 0.1500 ~~100~~0.00 A-1-A 691215AS6 SEN 3.~~10625~~23500% ~~520~~519,~~082~~130,~~000~~361.0054 ~~762~~1,~~820~~399,300.5400 ~~951~~4,276,638.4615 A-1-B 691215AT4 SEN 3.~~15625~~28500% ~~130~~129,~~021~~783,~~000~~089.0047 ~~193~~355,~~775~~233.5824 ~~237~~1,~~910~~069,163.5365 A-2-A 691215AU1 SEN 3.~~00125~~13000% ~~133~~132,~~768~~349,~~000~~352.0057 ~~189~~345,~~569~~164.5462 1,~~418~~735,~~647~~404.4340 A-2-B 691215AV9 SEN 3.~~09125~~22000% 113,651,000.00 ~~165~~304,~~890~~922.5135 0.00 A-2-C 691215AW7 SEN 3.~~19125~~32000% 24,491,000.00 3667,~~904~~749.6829 0.00 M-1 691215AX5 MEZ 3.~~31125~~44000% 42,925,000.00 67123,~~114~~035.5105 0.00 M-2 691215AY3 MEZ 3.~~34125~~47000% 37,633,000.00 59108,~~373~~807.4140 0.00 M-3 691215AZ0 MEZ 3.~~36125~~49000% 22,932,000.00 3666,~~396~~684.2790 0.00 M-4 691215BA4 MEZ 3.~~51125~~64000% 21,756,000.00 3665,~~070~~984.7329 0.00 M-5 691215BB2 MEZ 3.~~53125~~66000% 19,404,000.00 3259,~~354~~174.4421 0.00 M-6 691215BC0 MEZ 3.~~57125~~70000% 19,404,000.00 3259,~~720~~820.9392 0.00 B-1 691215BD8 SUB 4.~~09125~~22000% 16,464,000.00 3157,~~805~~890.7458 0.00 B-2 691215BE6 SUB 4.~~24125~~37000% 15,288,000.00 3055,~~616~~666.7228 0.00 B-3 691215BF3 SUB 45.~~89125~~02000% 12,936,000.00 2954,~~876~~108.8029 0.00 B-4 691215BG1 SUB 5.~~64125~~77000% 8,232,000.00 2139,~~927~~576.7986 0.00 B-5 691215BH9 SUB 5.~~64125~~77000% 11,760,000.00 3156,~~325~~538.4137 0.00 C 691215BK2 SEN 0.00000% 25,~~291~~284,~~081~~820.0489 43,~~512~~029,~~895~~793.9826 0.00 P 691215BL0 SEN 0.00000% 0.01 15112,~~995~~878.6913 0.00 Totals 1,~~176~~173,~~038~~423,~~181~~624.0548 6,~~287~~362,~~435~~328.4204 27,~~608~~081,~~296~~206.4220

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 ~~100~~0.1500 0.00 A-1-A 0.00 ~~519~~514,~~130~~853,~~361~~723.5439 15,~~714~~675,~~459~~938.0015 0.00 A-1-B 0.00 ~~129~~128,~~783~~713,~~089~~925.4782 ~~431~~1,~~686~~424,396.1189 0.00 A-2-A 0.00 ~~132~~130,~~349~~613,~~352~~948.5717 12,~~608~~080,~~216~~569.9702 0.00 A-2-B 0.00 113,651,000.00 ~~165~~304,~~890~~922.5135 0.00 A-2-C 0.00 24,491,000.00 3667,~~904~~749.6829 0.00 M-1 0.00 42,925,000.00 67123,~~114~~035.5105 0.00 M-2 0.00 37,633,000.00 59108,~~373~~807.4140 0.00 M-3 0.00 22,932,000.00 3666,~~396~~684.2790 0.00 M-4 0.00 21,756,000.00 3665,~~070~~984.7329 0.00 M-5 0.00 19,404,000.00 3259,~~354~~174.4421 0.00 M-6 0.00 19,404,000.00 3259,~~720~~820.9392 0.00 B-1 0.00 16,464,000.00 3157,~~805~~890.7458 0.00 B-2 0.00 15,288,000.00 3055,~~616~~666.7228 0.00 B-3 0.00 12,936,000.00 2954,~~876~~108.8029 0.00 B-4 0.00 8,232,000.00 2139,~~927~~576.7986 0.00 B-5 0.00 11,760,000.00 3156,~~325~~538.4137 0.00 C 0.00 25,284,820.89 43,~~512~~029,~~895~~793.9826 0.00 P 0.00 0.01 15112,~~995~~878.6913 0.00 Totals 0.00 1,~~173~~166,~~423~~342,~~624~~418.4828 813,~~895~~443,~~731~~534.8424 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 100.00 ~~100~~0.00 0.00 ~~100~~0.00 0.00 0.00 A-1-A 520,082,000.00 ~~520~~519,~~082~~130,~~000~~361.0054 0.00 ~~951~~4,276,638.4615 0.00 0.00 A-1-B 130,021,000.00 ~~130~~129,~~021~~783,~~000~~089.0047 0.00 ~~237~~1,~~910~~069,163.5365 0.00 0.00 A-2-A 133,768,000.00 ~~133~~132,~~768~~349,~~000~~352.0057 0.00 1,~~418~~735,~~647~~404.4340 0.00 0.00 A-2-B 113,651,000.00 113,651,000.00 0.00 0.00 0.00 0.00 A-2-C 24,491,000.00 24,491,000.00 0.00 0.00 0.00 0.00 M-1 42,925,000.00 42,925,000.00 0.00 0.00 0.00 0.00 M-2 37,633,000.00 37,633,000.00 0.00 0.00 0.00 0.00 M-3 22,932,000.00 22,932,000.00 0.00 0.00 0.00 0.00 M-4 21,756,000.00 21,756,000.00 0.00 0.00 0.00 0.00 M-5 19,404,000.00 19,404,000.00 0.00 0.00 0.00 0.00 M-6 19,404,000.00 19,404,000.00 0.00 0.00 0.00 0.00 B-1 16,464,000.00 16,464,000.00 0.00 0.00 0.00 0.00 B-2 15,288,000.00 15,288,000.00 0.00 0.00 0.00 0.00 B-3 12,936,000.00 12,936,000.00 0.00 0.00 0.00 0.00 B-4 8,232,000.00 8,232,000.00 0.00 0.00 0.00 0.00 B-5 11,760,000.00 11,760,000.00 0.00 0.00 0.00 0.00 C 25,291,081.04 25,~~291~~284,~~081~~820.0489 0.00 0.00 0.00 0.00 25,291,081.04 25,~~291~~284,~~081~~820.0489 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 1,201,329,262.09 1,~~201~~198,~~329~~708,~~262~~445.0937 0.00 27,~~608~~081,~~296~~206.4220 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution R ~~100~~0.00 0.00 0.00000000 ~~100~~0.00 A-1-A ~~951~~4,276,638.4615 ~~519~~514,~~130~~853,~~361~~723.5439 0.~~99817021~~98994721 ~~951~~4,276,638.4615 A-1-B ~~237~~1,~~910~~069,163.5365 ~~129~~128,~~783~~713,~~089~~925.4782 0.~~99817021~~98994721 ~~237~~1,~~910~~069,163.5365 A-2-A 1,~~418~~735,~~647~~404.4340 ~~132~~130,~~349~~613,~~352~~948.5717 0.~~98939472~~97642148 1,~~418~~735,~~647~~404.4340 A-2-B 0.00 113,651,000.00 1.00000000 0.00 A-2-C 0.00 24,491,000.00 1.00000000 0.00 M-1 0.00 42,925,000.00 1.00000000 0.00 M-2 0.00 37,633,000.00 1.00000000 0.00 M-3 0.00 22,932,000.00 1.00000000 0.00 M-4 0.00 21,756,000.00 1.00000000 0.00 M-5 0.00 19,404,000.00 1.00000000 0.00 M-6 0.00 19,404,000.00 1.00000000 0.00 B-1 0.00 16,464,000.00 1.00000000 0.00 B-2 0.00 15,288,000.00 1.00000000 0.00 B-3 0.00 12,936,000.00 1.00000000 0.00 B-4 0.00 8,232,000.00 1.00000000 0.00 B-5 0.00 11,760,000.00 1.00000000 0.00 C 0.00 25,284,820.89 0.99975248 0.00 C 0.00 25,284,820.89 0.99975248 0.00 P 0.00 0.01 1.00000000 0.00 Totals 27,~~608~~081,~~296~~206.4220 1,~~198~~191,~~708~~627,~~445~~239.3717 0.~~99781840~~99192393 27,~~608~~081,~~296~~206.4220

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 A-1-A 520,082,000.00 ~~1000~~998.~~00000000~~17021458 0.00000000 18.~~82978542~~22300743 0.00000000 A-1-B 130,021,000.00 ~~1000~~998.~~00000000~~17021458 0.00000000 18.~~82978542~~22300744 0.00000000 A-2-A 133,768,000.00 ~~1000~~989.~~00000000~~39471750 0.00000000 1012.~~60528250~~97324024 0.00000000 A-2-B 113,651,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-2-C 24,491,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 42,925,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 37,633,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 22,932,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 21,756,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 19,404,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 19,404,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 16,464,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 15,288,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 12,936,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 8,232,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 11,760,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 25,291,081.04 ~~1000~~999.~~00000000~~75247598 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 A-1-A 0.00000000 18.~~82978542~~22300743 ~~998~~989.~~17021458~~94720715 0.~~99817021~~98994721 18.~~82978542~~22300743 A-1-B 0.00000000 18.~~82978542~~22300744 ~~998~~989.~~17021458~~94720714 0.~~99817021~~98994721 18.~~82978542~~22300744 A-2-A 0.00000000 1012.~~60528250~~97324024 ~~989~~976.~~39471750~~42147726 0.~~98939472~~97642148 1012.~~60528250~~97324024 A-2-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-2-C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.75247598 0.99975248 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall R 100.00 3.10625% ~~100~~0.00 0.1500 0.00 0.00 A-1-A 520,082,000.00 3.~~10625~~23500% ~~520~~519,~~082~~130,~~000~~361.0054 ~~762~~1,~~877~~399,488.2393 0.00 0.00 A-1-B 130,021,000.00 3.~~15625~~28500% ~~130~~129,~~021~~783,~~000~~089.0047 ~~193~~355,~~789~~281.9821 0.00 0.00 A-2-A 133,768,000.00 3.~~00125~~13000% ~~133~~132,~~768~~349,~~000~~352.0057 ~~189~~345,~~583~~211.6323 0.00 0.00 A-2-B 113,651,000.00 3.~~09125~~22000% 113,651,000.00 ~~165~~304,~~902~~963.8452 0.00 0.00 A-2-C 24,491,000.00 3.~~19125~~32000% 24,491,000.00 3667,~~907~~758.43 0.00 0.00 M-1 42,925,000.00 3.~~31125~~44000% 42,925,000.00 67123,~~119~~051.5067 0.00 0.00 M-2 37,633,000.00 3.~~34125~~47000% 37,633,000.00 59108,~~377~~822.8209 0.00 0.00 M-3 22,932,000.00 3.~~36125~~49000% 22,932,000.00 3666,~~398~~693.9890 0.00 0.00 M-4 21,756,000.00 3.~~51125~~64000% 21,756,000.00 3665,~~073~~993.4120 0.00 0.00 M-5 19,404,000.00 3.~~53125~~66000% 19,404,000.00 3259,~~356~~182.8420 0.00 0.00 M-6 19,404,000.00 3.~~57125~~70000% 19,404,000.00 3259,~~723~~829.3600 0.00 0.00 B-1 16,464,000.00 4.~~09125~~22000% 16,464,000.00 3157,~~808~~898.1140 0.00 0.00 B-2 15,288,000.00 4.~~24125~~37000% 15,288,000.00 3055,~~619~~673.0080 0.00 0.00 B-3 12,936,000.00 45.~~89125~~02000% 12,936,000.00 2954,~~879~~115.0260 0.00 0.00 B-4 8,232,000.00 5.~~64125~~77000% 8,232,000.00 2139,~~929~~582.4220 0.00 0.00 B-5 11,760,000.00 5.~~64125~~77000% 11,760,000.00 3156,~~327~~546.7400 0.00 0.00 C 25,291,081.04 0.00000% 25,~~291~~284,~~081~~820.0489 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 Totals 1,176,038,181.05 13,~~758~~220,~~674~~091.4638 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance R 0.00 0.00 0.1500 0.00 0.00 A-1-A 56188.6993 0.00 ~~762~~1,~~820~~399,300.5400 0.00 ~~519~~514,~~130~~853,~~361~~723.5439 A-1-B 1447.4096 0.00 ~~193~~355,~~775~~233.5824 0.00 ~~129~~128,~~783~~713,~~089~~925.4782 A-2-A 1446.0960 0.00 ~~189~~345,~~569~~164.5462 0.00 ~~132~~130,~~349~~613,~~352~~948.5717 A-2-B 1241.3317 0.00 ~~165~~304,~~890~~922.5135 0.00 113,651,000.00 A-2-C 29.7415 0.00 3667,~~904~~749.6829 0.00 24,491,000.00 M-1 416.9961 0.00 67123,~~114~~035.5105 0.00 42,925,000.00 M-2 414.4169 0.00 59108,~~373~~807.4140 0.00 37,633,000.00 M-3 29.7000 0.00 3666,~~396~~684.2790 0.00 22,932,000.00 M-4 28.6891 0.00 3665,~~070~~984.7329 0.00 21,756,000.00 M-5 27.4099 0.00 3259,~~354~~174.4421 0.00 19,404,000.00 M-6 28.4308 0.00 3259,~~720~~820.9392 0.00 19,404,000.00 B-1 27.3682 0.00 3157,~~805~~890.7458 0.00 16,464,000.00 B-2 27.2852 0.00 3055,~~616~~666.7228 0.00 15,288,000.00 B-3 27.2231 0.00 2954,~~876~~108.8029 0.00 12,936,000.00 B-4 15.6334 0.00 2139,~~927~~576.7986 0.00 8,232,000.00 B-5 27.3363 0.00 3156,~~325~~538.4137 0.00 11,760,000.00 C 0.00 0.00 43,~~512~~029,~~895~~793.9826 0.00 25,284,820.89 P 0.00 0.00 15112,~~995~~878.6913 0.00 0.01 Totals ~~130~~434.6871 0.00 6,~~287~~362,~~435~~328.4204 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall R 100.00 3.10625% ~~1000~~0.00000000 10.~~50000000~~00000000 0.00000000 0.00000000 A-1-A 520,082,000.00 3.~~10625~~23500% ~~1000~~998.~~00000000~~17021458 12.~~46684029~~69090053 0.00000000 0.00000000 A-1-B 130,021,000.00 3.~~15625~~28500% ~~1000~~998.~~00000000~~17021458 12.~~49045139~~73249098 0.00000000 0.00000000 A-2-A 133,768,000.00 3.~~00125~~13000% ~~1000~~989.~~00000000~~39471750 12.~~41725697~~58067124 0.00000000 0.00000000 A-2-B 113,651,000.00 3.~~09125~~22000% 1000.00000000 12.~~45975698~~68333336 0.00000000 0.00000000 A-2-C 24,491,000.00 3.~~19125~~32000% 1000.00000000 12.~~50697930~~76666653 0.00000000 0.00000000 M-1 42,925,000.00 3.~~31125~~44000% 1000.00000000 12.~~56364589~~86666674 0.00000000 0.00000000 M-2 37,633,000.00 3.~~34125~~47000% 1000.00000000 12.~~57781256~~89166662 0.00000000 0.00000000 M-3 22,932,000.00 3.~~36125~~49000% 1000.00000000 12.~~58725711~~90833333 0.00000000 0.00000000 M-4 21,756,000.00 3.~~51125~~64000% 1000.00000000 13.~~65809018~~03333333 0.00000000 0.00000000 M-5 19,404,000.00 3.~~53125~~66000% 1000.00000000 13.~~66753453~~05000000 0.00000000 0.00000000 M-6 19,404,000.00 3.~~57125~~70000% 1000.00000000 13.~~68642342~~08333333 0.00000000 0.00000000 B-1 16,464,000.00 4.~~09125~~22000% 1000.00000000 13.~~93197947~~51666667 0.00000000 0.00000000 B-2 15,288,000.00 4.~~24125~~37000% 1000.00000000 23.~~00281266~~64166667 0.00000000 0.00000000 B-3 12,936,000.00 45.~~89125~~02000% 1000.00000000 24.~~30975727~~18333333 0.00000000 0.00000000 B-4 8,232,000.00 5.~~64125~~77000% 1000.00000000 24.~~66392371~~80833333 0.00000000 0.00000000 B-5 11,760,000.00 5.~~64125~~77000% 1000.00000000 24.~~66392347~~80833333 0.00000000 0.00000000 C 25,291,081.04 0.00000% ~~1000~~999.~~00000000~~75247598 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 10.~~50000000~~00000000 0.00000000 0.00000000 A-1-A 0.~~00010900~~00036327 0.00000000 12.~~46673128~~69053726 0.00000000 ~~998~~989.~~17021458~~94720715 A-1-B 0.~~00011075~~00036886 0.00000000 12.~~49034064~~73212204 0.00000000 ~~998~~989.~~17021458~~94720714 A-2-A 0.~~00010533~~00034836 0.00000000 12.~~41715164~~58032280 0.00000000 ~~989~~976.~~39471750~~42147726 A-2-B 0.~~00010849~~00036225 0.00000000 12.~~45964849~~68297111 0.00000000 1000.00000000 A-2-C 0.~~00011188~~00037361 0.00000000 12.~~50686701~~76629333 0.00000000 1000.00000000 M-1 0.~~00011625~~00038695 0.00000000 12.~~56352964~~86627956 0.00000000 1000.00000000 M-2 0.~~00011718~~00039035 0.00000000 12.~~57769537~~89127627 0.00000000 1000.00000000 M-3 0.~~00011774~~00039246 0.00000000 12.~~58713893~~90794087 0.00000000 1000.00000000 M-4 0.~~00012318~~00040954 0.00000000 13.~~65796700~~03292379 0.00000000 1000.00000000 M-5 0.~~00012369~~00041177 0.00000000 13.~~66741084~~04958823 0.00000000 1000.00000000 M-6 0.~~00012523~~00041641 0.00000000 13.~~68629819~~08291692 0.00000000 1000.00000000 B-1 0.~~00014334~~00047498 0.00000000 13.~~93183552~~51619169 0.00000000 1000.00000000 B-2 0.~~00014914~~00049189 0.00000000 23.~~00266353~~64117478 0.00000000 1000.00000000 B-3 0.~~00017161~~00056509 0.00000000 24.~~30958565~~18276824 0.00000000 1000.00000000 B-4 0.~~00019801~~00064869 0.00000000 24.~~66372570~~80768465 0.00000000 1000.00000000 B-5 0.~~00019813~~00064881 0.00000000 24.~~66372534~~80768452 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~178~~119.~~43823966~~79690608 0.00000000 999.75247598 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 913,~~104~~920,~~845~~700.7955 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~158~~47,~~397~~654.9820 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 913,~~263~~968,~~243~~354.7775 Withdrawals Reimbursement for Servicer Advances 0158,397.0098 Payment of Service Fee ~~367~~366,~~511~~422.9353 Payment of Interest and Principal 813,~~895~~443,~~731~~534.8424 Total Withdrawals (Pool Distribution Amount) 913,~~263~~968,~~243~~354.7775 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~130~~434.6871

SERVICING FEES Gross Servicing Fee ~~367~~366,~~511~~422.9353 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~367~~366,~~511~~422.9353

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days ~~147~~0 0 0 0 ~~147~~0 ~~23,377,278~~0.0200 0.00 0.00 0.00 ~~23,377,278~~0.0200 60 Days 2632 0 0 0 2632 45,~~268~~771,~~349~~287.2008 0.00 0.00 0.00 45,~~268~~771,~~349~~287.2008 90 Days 214 0 0 0 214 ~~191~~2,~~215~~223,292.5550 0.00 0.00 0.00 ~~191~~2,~~215~~223,292.5550 120 Days 04 0 0 0 04 0451,699.0011 0.00 0.00 0.00 0451,699.0011 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~175~~50 0 0 0 ~~175~~50 278,~~836~~446,~~842~~278.7769 0.00 0.00 0.00 278,~~836~~446,~~842~~278.7769 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~669815~~000000% 0.000000% 0.000000% 0.000000% 20.~~669815~~000000% 20.~~657849~~000000% 0.000000% 0.000000% 0.000000% 20.~~657849~~000000% 60 Days 0.~~472212~~584688% 0.000000% 0.000000% 0.000000% 0.~~472212~~584688% 0.~~485284~~661480% 0.000000% 0.000000% 0.000000% 0.~~485284~~661480% 90 Days 0.~~036324~~255801% 0.000000% 0.000000% 0.000000% 0.~~036324~~255801% 0.~~021740~~254824% 0.000000% 0.000000% 0.000000% 0.~~021740~~254824% 120 Days 0.~~000000~~073086% 0.000000% 0.000000% 0.000000% 0.~~000000~~073086% 0.~~000000~~051772% 0.000000% 0.000000% 0.000000% 0.~~000000~~051772% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 30.~~178351~~913576% 0.000000% 0.000000% 0.000000% 30.~~178351~~913576% 30.~~164873~~968076% 0.000000% 0.000000% 0.000000% 30.~~164873~~968076%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 Fixed No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 380 0 0 0 380 ~~1,968,116~~0.9600 0.00 0.00 0.00 ~~1,968,116~~0.9600 60 Days 6 0 0 0 6 ~~177~~248,~~911~~977.7570 0.00 0.00 0.00 ~~177~~248,~~911~~977.7570 90 Days 13 0 0 0 13 3589,~~478~~876.4289 0.00 0.00 0.00 3589,~~478~~876.4289 120 Days 02 0 0 0 02 063,961.0098 0.00 0.00 0.00 063,961.0098 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4511 0 0 0 4511 2402,~~181,507~~816.1357 0.00 0.00 0.00 2402,~~181,507~~816.1357 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~491803~~000000% 0.000000% 0.000000% 0.000000% 20.~~491803~~000000% 20.~~683162~~000000% 0.000000% 0.000000% 0.000000% 20.~~683162~~000000% 60 Days 0.~~393443~~394997% 0.000000% 0.000000% 0.000000% 0.~~393443~~394997% 0.~~242550~~341276% 0.000000% 0.000000% 0.000000% 0.~~242550~~341276% 90 Days 0.~~065574~~197498% 0.000000% 0.000000% 0.000000% 0.~~065574~~197498% 0.~~048368~~123195% 0.000000% 0.000000% 0.000000% 0.~~048368~~123195% 120 Days 0.~~000000~~131666% 0.000000% 0.000000% 0.000000% 0.~~000000~~131666% 0.~~000000~~087673% 0.000000% 0.000000% 0.000000% 0.~~000000~~087673% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.~~950820~~724161% 0.000000% 0.000000% 0.000000% 20.~~950820~~724161% 20.~~974080~~552144% 0.000000% 0.000000% 0.000000% 20.~~974080~~552144% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2Group 1 ARM No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 840 0 0 0 840 ~~14,383,065~~0.9800 0.00 0.00 0.00 ~~14,383,065~~0.9800 60 Days 1820 0 0 0 1820 3,~~465~~575,~~688~~590.0240 0.00 0.00 0.00 3,~~465~~575,~~688~~590.0240 90 Days 19 0 0 0 19 ~~155~~1,~~737~~508,666.1318 0.00 0.00 0.00 ~~155~~1,~~737~~508,666.1318 120 Days 02 0 0 0 02 0387,737.0013 0.00 0.00 0.00 0387,737.0013 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~103~~31 0 0 0 ~~103~~31 185,~~004~~471,~~491~~993.1371 0.00 0.00 0.00 185,~~004~~471,~~491~~993.1371 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~800934~~000000% 0.000000% 0.000000% 0.000000% 20.~~800934~~000000% 20.~~627168~~000000% 0.000000% 0.000000% 0.000000% 20.~~627168~~000000% 60 Days 0.~~600200~~671592% 0.000000% 0.000000% 0.000000% 0.~~600200~~671592% 0.~~633032~~659061% 0.000000% 0.000000% 0.000000% 0.~~633032~~659061% 90 Days 0.~~033344~~302216% 0.000000% 0.000000% 0.000000% 0.~~033344~~302216% 0.~~028446~~278081% 0.000000% 0.000000% 0.000000% 0.~~028446~~278081% 120 Days 0.~~000000~~067159% 0.000000% 0.000000% 0.000000% 0.~~000000~~067159% 0.~~000000~~071469% 0.000000% 0.000000% 0.000000% 0.~~000000~~071469% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 31.~~434478~~040967% 0.000000% 0.000000% 0.000000% 31.~~434478~~040967% 31.~~288646~~008610% 0.000000% 0.000000% 0.000000% 31.~~288646~~008610% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3Group 2 Fixed No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 120 0 0 0 120 ~~1,444,314~~0.7500 0.00 0.00 0.00 ~~1,444,314~~0.7500 60 Days 02 0 0 0 02 0167,213.0031 0.00 0.00 0.00 0167,213.0031 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 122 0 0 0 122 1167,~~444,314~~213.7531 0.00 0.00 0.00 1167,~~444,314~~213.7531 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~500000~~000000% 0.000000% 0.000000% 0.000000% 20.~~500000~~000000% 30.~~098082~~000000% 0.000000% 0.000000% 0.000000% 30.~~098082~~000000% 60 Days 0.~~000000~~418410% 0.000000% 0.000000% 0.000000% 0.~~000000~~418410% 0.~~000000~~360035% 0.000000% 0.000000% 0.000000% 0.~~000000~~360035% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 20.~~500000~~418410% 0.000000% 0.000000% 0.000000% 20.~~500000~~418410% 30.~~098082~~360035% 0.000000% 0.000000% 0.000000% 30.~~098082~~360035% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4Group 2 ARM No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 130 0 0 0 130 ~~5,581,780~~0.3300 0.00 0.00 0.00 ~~5,581,780~~0.3300 60 Days 24 0 0 0 24 ~~624~~1,~~749~~779,505.4367 0.00 0.00 0.00 ~~624~~1,~~749~~779,505.4367 90 Days 02 0 0 0 02 0624,749.0043 0.00 0.00 0.00 0624,749.0043 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 156 0 0 0 15 6 2,~~206~~404,~~529~~255.7610 0.00 0.00 0.00 62,~~206~~404,~~529~~255.7610 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~589641~~000000% 0.000000% 0.000000% 0.000000% 20.~~589641~~000000% 20.~~631527~~000000% 0.000000% 0.000000% 0.000000% 20.~~631527~~000000% 60 Days 0.~~398406~~803213% 0.000000% 0.000000% 0.000000% 0.~~398406~~803213% 0.~~294538~~845154% 0.000000% 0.000000% 0.000000% 0.~~294538~~845154% 90 Days 0.~~000000~~401606% 0.000000% 0.000000% 0.000000% 0.~~000000~~401606% 0.~~000000~~296717% 0.000000% 0.000000% 0.000000% 0.~~000000~~296717% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~988048~~204819% 0.000000% 0.000000% 0.000000% 21.~~988048~~204819% 21.~~926065~~141871% 0.000000% 0.000000% 0.000000% 21.~~926065~~141871%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~158~~47,~~397~~654.9820

COLLATERAL STATEMENT Collateral Description 1Fixed ~~Month~~Mixed ~~LIBOR~~& ARM & Balloon Weighted Average Gross Coupon 6.~~892966~~891384% Weighted Average Net Coupon 6.~~517966~~391384% Weighted Average Pass-Through Rate 6.~~392966~~391384% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count 5,~~523~~506 Number Of Loans Paid In Full 1733 Ending Scheduled Collateral Loan Count 5,~~506~~473 Beginning Scheduled Collateral Balance 1879,~~176~~414,~~038,181~~079.0522 Ending Scheduled Collateral Balance ~~879~~872,~~414~~332,~~079~~873.2205 Ending Actual Collateral Balance at 3129-~~Mar~~Apr-2005 ~~879~~872,~~556~~480,~~335~~702.9498 Monthly P &I Constant 5,~~244~~229,~~502~~127.6294 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~879~~872,~~414~~332,~~079~~873.2205 Scheduled Principal 178,~~008~~811.0044 Unscheduled Principal 26,~~436~~902,~~548~~394.5873 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.0003 Overcollateralized reduction Amount ~~6,260~~0.1600 Specified O/C Amount 25,284,820.89 Overcollateralized Amount 25,284,820.89 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.0003 Excess Cash Amount 43,~~506~~029,~~505~~359.1431

~~Prefunding~~Group ~~account~~Level ~~balance~~Collateral ~~$294~~Statement Group Group 1 Fixed Group 1 ARM Group 2 Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 9.221435 6.570492 9.481916 Weighted Average Net Rate 8.721435 6.070492 8.981916 Weighted Average Maturity 304 356 286 Beginning Loan Count 1,~~009~~525 2,~~545~~999 480 Loans Paid In Full 6 21 2 Ending Loan Count 1,519 2,978 478 Beginning Scheduled Balance 73,317,347.87 547,400,779.28 46,601,224.52 Ending scheduled Balance 72,921,279.99 542,451,045.38 46,424,708.66 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal And Interest Constant 606,344.66 3,089,837.08 392,365.15 Scheduled Principal 42,935.36 92,593.39 24,141.07 ~~Floating~~Unscheduled ~~Rate~~Principal ~~Certificate~~353,132.52 ~~Carryover~~4,857,140.51 $152,374.79 Scheduled Interest 563,409.30 2,997,243.69 368,224.08 Servicing Fees 30,548.89 228,083.66 19,417.18 Master Servicing Fees 0.00 ~~Capitalized~~0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~Account~~532,860.41 ~~balance~~2,769,160.03 $348,806.90 Realized Loss Amount 0.00 ~~Mortgage~~0.00 ~~Loans~~0.00 ~~with~~Cumulative ~~reduction~~Realized inLoss ~~Rate~~0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 8.721435 6.070492 8.981916

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS OWNIT SERIES 2005-2