8-K 1 nac05ap3_8k-200512.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): December 27, 2005 NOMURA ASSET ACCEPTANCE CORPORATION Mortgage Pass-Through Certificates, Series 2005-AP3 (Exact name of registrant as specified in its charter) New York (governing law of 333-126812-01 Pooling and Servicing Agreement) (Commission 54-2182316 (State or other File Number) 54-2182317 jurisdiction 54-2182318 of Incorporation) 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 December 27, 2005 a distribution was made to holders of NOMURA ASSET ACCEPTANCE CORPORATION, Mortgage Pass-Through Certificates, Series 2005-AP3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AP3 Trust, relating to the December 27, 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. NOMURA ASSET ACCEPTANCE CORPORATION Mortgage Pass-Through Certificates, Series 2005-AP3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/31/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AP3 Trust, relating to the December 27, 2005 distribution. EX-99.1 Nomura Securities International, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Nomura Securities International, Inc. Mortgage Pass-Through Certificates Series Nomura 2005-AP3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~Class CUSIP Certificate Beginning Interest Pass-Through Certificate Distribution Rate Balance A-1 65535VPB8 4.32375% 109,525,317.72 420,942.30 A-2 65535VPC6 5.12300% 65,732,000.00 280,620.86 A-3 65535VPD4 5.31800% 15,974,000.00 70,791.44 A-4 65535VPE2 5.60700% 25,948,000.00 121,242.03 A-5 65535VPF9 5.19000% 27,516,000.00 119,006.70 A-IO 65535VPG7 3.50000% 0.00 100,327.50 M-1 65535VPH5 5.67200% 7,566,000.00 35,761.96 M-2 65535VPJ1 5.80700% 5,778,000.00 27,960.71 M-3 65535VPK8 6.10500% 4,677,000.00 23,794.24 M-4 65535VPL6 6.21600% 1,375,000.00 7,122.50 X 65535VPN2 0.00000% 2,402,671.43 0.00 P 65535VPP7 0.00000% 100.00 31,706.71 R 65535VPM4 0.00000% 0.00 0.00 Totals 266,494,089.15 1,239,276.95

~~Washington~~Certificateholder Distribution Summary (continued) Class Principal Current Ending Total Cummulative Distribution Realized Certificate Distribution Realized Loss Balance Losses A-1 7,857,962.34 D0.C00 101,667,355.39 ~~20549~~8,278,904.64 0.00 A-2 0.00 0.00 65,732,000.00 280,620.86 0.00 A-3 0.00 0.00 15,974,000.00 70,791.44 0.00 A-4 0.00 0.00 25,948,000.00 121,242.03 0.00 A-5 0.00 0.00 27,516,000.00 119,006.70 0.00 A-IO 0.00 0.00 0.00 100,327.50 0.00 M-1 0.00 0.00 7,566,000.00 35,761.96 0.00 M-2 0.00 0.00 5,778,000.00 27,960.71 0.00 M-3 0.00 0.00 4,677,000.00 23,794.24 0.00 M-4 0.00 0.00 1,375,000.00 7,122.50 0.00 X 0.00 0.00 2,704,866.56 0.00 0.00 P 0.00 0.00 100.00 31,706.71 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 7,857,962.34 0.00 258,938,321.95 9,097,239.29 0.00 This report has been compiled from information provided to Wells Fargo Bank, N.A., by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A., has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so.Wells Fargo Bank, N.A., expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

~~FORM~~Principal 8Distribution Statement Class Original Beginning Scheduled UnScheduled Accretion Realized Face Certificate Principal Principal Loss Amount Balance Distribution Distribution A-K1 119,350,000.00 109,525,317.72 0.00 7,857,962.34 0.00 0.00 A-2 65,732,000.00 65,732,000.00 0.00 0.00 0.00 0.00 A-3 15,974,000.00 15,974,000.00 0.00 0.00 0.00 0.00 A-4 25,948,000.00 25,948,000.00 0.00 0.00 0.00 0.00 A-5 27,516,000.00 27,516,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 7,566,000.00 7,566,000.00 0.00 0.00 0.00 0.00 M-2 5,778,000.00 5,778,000.00 0.00 0.00 0.00 0.00 M-3 4,677,000.00 4,677,000.00 0.00 0.00 0.00 0.00 M-4 1,375,000.00 1,375,000.00 0.00 0.00 0.00 0.00 X 1,240,917.72 2,402,671.43 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 275,157,017.72 266,494,089.15 0.00 7,857,962.34 0.00 0.00

~~CURRENT~~Principal ~~REPORT~~Distribution Statement (continued) Class Total Ending Ending Total Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 7,857,962.34 101,667,355.39 0.851842 7,857,962.34 A-2 0.00 65,732,000.00 1.000000 0.00 A-3 0.00 15,974,000.00 1.000000 0.00 A-4 0.00 25,948,000.00 1.000000 0.00 A-5 0.00 27,516,000.00 1.000000 0.00 A-IO 0.00 0.00 0.000000 0.00 M-1 0.00 7,566,000.00 1.000000 0.00 M-2 0.00 5,778,000.00 1.000000 0.00 M-3 0.00 4,677,000.00 1.000000 0.00 M-4 0.00 1,375,000.00 1.000000 0.00 X 0.00 2,704,866.56 2.179731 0.00 P 0.00 100.00 1.000000 0.00 R 0.00 0.00 0.000000 0.00 Totals 7,857,962.34 258,938,321.95 0.941057 7,857,962.34

~~Pursuant~~Principal toDistribution ~~Section~~Factors 13Statement orClass Original Beginning Scheduled UnScheduled Accretion Face Certificate Principal Principal Amount Balance Distribution Distribution A-1 119,350,000.00 917.681757 0.000000 65.839651 0.000000 A-2 65,732,000.00 1000.000000 0.000000 0.000000 0.000000 A-3 15~~(d)~~,974,000.00 of1000.000000 ~~the~~0.000000 0.000000 0.000000 A-4 25,948,000.00 1000.000000 0.000000 0.000000 0.000000 A-5 27,516,000.00 1000.000000 0.000000 0.000000 0.000000 A-IO 0.00 0.000000 0.000000 0.000000 0.000000 M-1 7,566,000.00 1000.000000 0.000000 0.000000 0.000000 M-2 5,778,000.00 1000.000000 0.000000 0.000000 0.000000 M-3 4,677,000.00 1000.000000 0.000000 0.000000 0.000000 M-4 1,375,000.00 1000.000000 0.000000 0.000000 0.000000 X 1,240,917.72 1936.205271 0.000000 0.000000 0.000000 P 100.00 1000.000000 0.000000 0.000000 0.000000 R 0.00 0.000000 0.000000 0.000000 0.000000

~~Securities~~Principal ~~Exchange~~Distribution ~~Act~~Factors ofStatement ~~1934~~(continued) Class Realized Total Ending Ending Total Loss Principal Certificate Certificate Principal Reduction Balance Percentage Distribution A-1 0.000000 65.839651 851.842106 0.851842 65.839651 A-2 0.000000 0.000000 1,000.000000 1.000000 0.000000 A-3 0.000000 0.000000 1,000.000000 1.000000 0.000000 A-4 0.000000 0.000000 1,000.000000 1.000000 0.000000 A-5 0.000000 0.000000 1,000.000000 1.000000 0.000000 A-IO 0.000000 0.000000 0.000000 0.000000 0.000000 M-1 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-2 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-3 0.000000 0.000000 1,000.000000 1.000000 0.000000 M-4 0.000000 0.000000 1,000.000000 1.000000 0.000000 X 0.000000 0.000000 2,179.730788 2.179731 0.000000 P 0.000000 0.000000 1,000.000000 1.000000 0.000000 R 0.000000 0.000000 0.000000 0.000000 0.000000

~~Date~~Interest ofDistribution ~~Report~~Statement ~~(Date~~Class Accrual Accrual Current Beginning Current Payment of ~~earliest~~Dates ~~event~~Days ~~reported~~Certificate ~~October~~Certificate/ Accrued Unpaid Interest Rate Notional Balance Interest Shortfall A-1 11/25/05 - 12/26/05 32 4.32375% 109,525,317.72 ~~2005)~~420,942.30 0.00 A-2 11/01/05 - 11/30/05 30 5.12300% 65,732,000.00 280,620.86 0.00 A-3 11/01/05 - 11/30/05 30 5.31800% 15,974,000.00 70,791.44 0.00 A-4 11/01/05 - 11/30/05 30 5.60700% 25,948,000.00 121,242.03 0.00 A-5 11/01/05 - 11/30/05 30 5.19000% 27,516,000.00 119,006.70 0.00 A-IO 11/01/05 - 11/30/05 30 3.50000% 34,398,000.00 100,327.50 0.00 M-1 11/01/05 - 11/30/05 30 5.67200% 7,566,000.00 35,761.96 0.00 M-2 11/01/05 - 11/30/05 30 5.80700% 5,778,000.00 27,960.71 0.00 M-3 11/01/05 - 11/30/05 30 6.10500% 4,677,000.00 23,794.24 0.00 M-4 11/01/05 - 11/30/05 30 6.21600% 1,375,000.00 7,122.50 0.00 X N/A N/A 0.00000% 266,493,989.15 0.00 0.00 P N/A N/A 0.00000% 100.00 0.00 0.00 R N/A N/A 0.00000% 0.00 0.00 0.00 Totals 1,207,570.24 0.00

~~NOMURA~~Interest ~~ASSET~~Distribution ~~ACCEPTANCE~~Statement ~~CORPORATION~~(continued) Class Current Non-Supported Total Remaining Ending Interest Interest Interest Unpaid Interest Certificate/Notional Shortfall(1) Shortfall Distribution Shortfall(2) Balance A-1 0.00 0.00 420,942.30 0.00 101,667,355.39 A-2 0.00 0.00 280,620.86 0.00 65,732,000.00 A-3 0.00 0.00 70,791.44 0.00 15,974,000.00 A-4 0.00 0.00 121,242.03 0.00 25,948,000.00 A-5 0.00 0.00 119,006.70 0.00 27,516,000.00 A-IO 0.00 0.00 100,327.50 0.00 34,398,000.00 M-1 0.00 0.00 35,761.96 0.00 7,566,000.00 M-2 0.00 0.00 27,960.71 0.00 5,778,000.00 M-3 0.00 0.00 23,794.24 0.00 4,677,000.00 M-4 0.00 0.00 7,122.50 0.00 1,375,000.00 X 0.00 0.00 0.00 0.00 258,938,221.95 P 0.00 0.00 31,706.71 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,239,276.95 0.00 (1,2) Amount also includes coupon cap or basis risk shortfalls,if applicable

~~(as~~Interest ~~depositor~~Distribution ~~under~~Factors ~~the~~Statement ~~Pooling~~Class ~~and~~Accrual ~~Servicing~~Original ~~Agreement~~Current Beginning Current Payment of Dates Face Certificate Certificate/Notional Accrued Unpaid Interest Amount Rate Balance Interest Shortfall A-1 11/25/05 - 12/26/05 119,350,000.00 4.32375% 917.681757 3.526957 0.000000 A-2 11/01/05 - 11/30/05 65,732,000.00 5.12300% 1000.000000 4.269167 0.000000 A-3 11/01/05 - 11/30/05 15,974,000.00 5.31800% 1000.000000 4.431666 0.000000 A-4 11/01/05 - 11/30/05 25,948,000.00 5.60700% 1000.000000 4.672500 0.000000 A-5 11/01/05 - 11/30/05 27,516,000.00 5.19000% 1000.000000 4.325000 0.000000 A-IO 11/01/05 - 11/30/05 0.00 3.50000% 1000.000000 2.916667 0.000000 M-1 11/01/05 - 11/30/05 7,566,000.00 5.67200% 1000.000000 4.726667 0.000000 M-2 11/01/05 - 11/30/05 5,778,000.00 5.80700% 1000.000000 4.839168 0.000000 M-3 11/01/05 - 11/30/05 4,677,000.00 6.10500% 1000.000000 5.087501 0.000000 M-4 11/01/05 - 11/30/05 1,375,000.00 6.21600% 1000.000000 5.180000 0.000000 X N/A 1,240,917.72 0.00000% 214755.567476 0.000000 0.000000 P N/A 100.00 0.00000% 1000.000000 0.000000 0.000000 R N/A 0.00 0.00000% 0.000000 0.000000 0.000000

~~dated~~Interest asDistribution ofFactors ~~August~~Statement (continued) Class Current Non-Supported Total Remaining Unpaid Ending Interest Interest Interest Interest Certificate/ Shortfall(1,) ~~2005~~Shortfall Distribution Shortfall(2) Notional Balance A-1 0.000000 0.000000 3.526957 0.000000 851.842106 A-2 0.000000 0.000000 4.269167 0.000000 1000.000000 A-3 0.000000 0.000000 4.431666 0.000000 1000.000000 A-4 0.000000 0.000000 4.672500 0.000000 1000.000000 A-5 0.000000 0.000000 4.325000 0.000000 1000.000000 A-IO 0.000000 0.000000 2.916667 0.000000 1000.000000 M-1 0.000000 0.000000 4.726667 0.000000 1000.000000 M-2 0.000000 0.000000 4.839168 0.000000 1000.000000 M-3 0.000000 0.000000 5.087501 0.000000 1000.000000 M-4 0.000000 0.000000 5.180000 0.000000 1000.000000 X 0.000000 0.000000 0.000000 0.000000 208666.713173 P 0.000000 0.000000 317067.100000 0.000000 1000.000000 R 0.000000 0.000000 0.000000 0.000000 0.000000 (1,2) ~~providing~~Amount ~~for~~also ~~the~~includes ~~issuance~~coupon ofcap or basis risk shortfalls,if applicable. Per $1 denomination.

~~Nomura~~CERTIFICATEHOLDER ~~Asset~~ACCOUNT ~~Acceptance~~STATEMENT ~~Corporation~~CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,044,880.90 ~~Alternative~~Reserve ~~Loan~~Funds ~~Trust~~and ~~Series~~Credit ~~2005-AP3~~Enhancements 0.00 Proceeds from Repurchased Loans 0.00 Servicer Advances 190,491.30 ~~Mortgage~~Realized ~~Pass-Through~~Loss ~~Certificates~~(Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 31,706.71 Swap/Cap Payments 0.00 Total Deposits 9,267,078.91 Withdrawals Swap Payments 0.00 Reserve Funds and Credit Enhancements 0.00 Reimbursement for Servicer Advances 108,612.93 Total Administration Fees 61,226.69 Payment of Interest and Principal 9,097,239.29 Total Withdrawals (Pool Distribution Amount) 9,267,078.91 Ending Balance 0.00

~~NOMURA~~PREPAYMENT/CURTAILMENT ~~ASSET~~INTEREST ~~ACCEPTANCE~~SHORTFALL ~~CORPORATION~~Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

~~(Exact~~ADMINISTRATION ~~name~~FEES ofGross ~~registrant~~Servicing asFee* ~~specified~~55,519.58 inCredit ~~its~~Risk ~~charter)~~Management Fee Rate - MurrayHill Company 2,775.98 Lender Paid Mortgage Insurance 710.35 MS Fee, Wells Fargo 2,220.78 Supported Prepayment/Curtailment Interest Shortfall 0.00 Total Administration Fees 61,226.69 *Servicer Payees include: GMAC MTG CORP; GREENPOINT MTG FUNDING, INC; M & T MTG CORP; WELLS FARGO BANK, N.A.

Delaware	333-126812	13-3672336
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
Two World Financial Center, Building B, 21st Floor, New York, New York		10281
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s~~COLLATERAL ~~telephone~~STATEMENT ~~number~~Collateral Description Fixed Weighted Average Gross Coupon 7.074045% Weighted Average Net Coupon 6.824045% Weighted Average Pass-Through Rate 6.798346% Weighted Average Remaining Term 350 Beginning Scheduled Collateral Loan Count 1,215 ~~including~~Number ~~area~~Of ~~code~~Loans Paid In Full 26 Ending Scheduled Collateral Loan Count 1,189 isBeginning ~~(212)~~Scheduled ~~667~~Collateral Balance 266,493,989.15 Ending Scheduled Collateral Balance 258,938,221.95 Ending Actual Collateral Balance at 30-~~9300~~Nov-2005 259,117,753.03 Monthly P&I Constant 1,753,658.25 Special Servicing Fee 0.00 Prepayment Penalty Waived Amount 0.00 Prepayment Penalty Waived Count 0 Prepayment Penalty Paid Amount 31,706.71 Prepayment Penalty Paid Count 5 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 182,666.25 Unscheduled Principal 7,373,100.95

oAdditional ~~Written~~Reporting ~~communications~~- ~~pursuant~~Deal toLevel ~~Rule~~Miscellaneous ~~425~~Reporting ~~under~~Delinquency ~~the~~Event ~~Securities~~Occurred ~~Act~~NO ~~(17~~Cumulative ~~CFR~~Loss ~~230~~Event 0.~~425)~~00 Overcollateralization Amount 2,704,766.56 OC Increase Amount 302,195.14 Required OC Amount 3,026,726.09 Stepdown Date Occurred NO Trigger Event Occurred NO

oLOAN ~~Soliciting~~STATUS ~~material~~STRATIFICATION/CREDIT ~~pursuant~~ENHANCEMENT toSTATEMENT ~~Rule~~DELINQUENT ~~14a~~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-~~12(b)~~29 ~~under~~Days ~~the~~0 ~~Exchange~~0 ~~Act~~0 ~~(17~~0 ~~CFR~~0.00 ~~240~~0.~~14a~~00 0.00 0.00 30 Days 15 0 0 0 15 4,858,172.04 0.00 0.00 0.00 4,858,172.04 60 Days 15 0 0 0 15 4,839,389.22 0.00 0.00 0.00 4,839,389.22 90 Days 14 0 0 0 14 3,643,033.84 0.00 0.00 0.00 3,643,033.84 120 Days 2 0 0 0 2 235,439.64 0.00 0.00 0.00 235,439.64 150 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 46 0 0 0 46 13,576,034.74 0.00 0.00 0.00 13,576,034.74 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-~~12(b))~~29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.261564% 0.000000% 0.000000% 0.000000% 1.261564% 1.874890% 0.000000% 0.000000% 0.000000% 1.874890% 60 Days 1.261564% 0.000000% 0.000000% 0.000000% 1.261564% 1.867641% 0.000000% 0.000000% 0.000000% 1.867641% 90 Days 1.177460% 0.000000% 0.000000% 0.000000% 1.177460% 1.405938% 0.000000% 0.000000% 0.000000% 1.405938% 120 Days 0.168209% 0.000000% 0.000000% 0.000000% 0.168209% 0.090862% 0.000000% 0.000000% 0.000000% 0.090862% 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 3.868797% 0.000000% 0.000000% 0.000000% 3.868797% 5.239330% 0.000000% 0.000000% 0.000000% 5.239330%

oOTHER ~~Pre-commencement~~INFORMATION ~~communications~~Current ~~pursuant~~Period toClass ~~Rule~~A ~~14d-2(b)~~Insufficient ~~under~~Funds ~~the~~0.00 ~~Exchange~~Principal ~~Act~~Balance ~~(17~~of ~~CFR~~Contaminated ~~240~~Properties 0.~~14d-2(b))~~00 Periodic Advance 190,491.30

oSUBORDINATION ~~Pre-commencement~~LEVEL/CREDIT ~~communications~~ENHANCEMENT/CLASS ~~pursuant~~PERCENTAGE toAND ~~Rule~~PREPAYMENT ~~13e~~PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class R 20,637,017.72 7.50009045% 22,100,966.56 8.53522759% 0.000000% 0.000000% Class M-1 13,071,017.72 4~~(c)~~.75038674% ~~under~~14,534,966.56 ~~the~~5.61329511% ~~Exchange~~2.921932% ~~Act~~0.000000% ~~(17~~Class ~~CFR~~M-2 ~~240~~7,293,017.~~13e~~72 2.65049405% 8,756,966.56 3.38187483% 2.231420% 0.000000% Class M-3 2,616,017.72 0.95073667% 4~~(c))~~,079,966.56 1.57565250% 1.806222% 0.000000% Class M-4 1,241,017.72 0.45102181% 2,704,966.56 1.04463781% 0.531015% 0.000000% Class X 100.00 0.00003634% 100.00 0.00003862% 1.044599% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000039% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure.

REO Detail - All Mortgage Loans in REO during Current Period

~~Item~~Summary 112 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Jan-05 0.01000% ~~Entry~~Original ~~into~~Principal aBalance ~~Material~~0.00 ~~Definitive~~Feb-05 ~~Agreement~~0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current REO Total May-05 0.000% Loans in REO 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Amendment~~REO toLoan ~~Pooling~~Detail &- ~~Servicing~~All ~~Agreement~~Mortgage Loans in REO during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.

OnREO ~~August 30, 2005, a series of certificates, entitled Nomura Asset Acceptance Corporation, Alternative~~ Loan ~~Trust~~Detail ~~Series 2005~~-~~AP3,~~ ~~Mortgage~~All Pass-Through Certificates (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of August 1, 2005 (the “Pooling Agreement”), among Nomura Asset Acceptance Corporation as depositor (the “Depositor”), Nomura Credit & Capital, Inc., as seller (the “Seller”), GMAC Mortgage ~~Corporation~~Loans asin ~~servicer~~REO ~~(“GMAC”),~~during ~~Wells~~Current ~~Fargo~~Period ~~Bank, National Association as master servicer and securities administrator~~ (~~the “Securities Administrator”~~continued) ~~and~~Current ~~HSBC~~Paid ~~Bank~~Current ~~USA,~~Approximate ~~National~~Loan ~~Association~~Principal asTo ~~trustee~~Months ~~(the~~Loan ~~“Trustee”),~~Delinquent ~~which~~Group ~~Pooling~~Number ~~Agreement~~Balance ~~was~~Date ~~the~~Delinquent ~~subject~~Rate ~~of,~~Interest ~~and~~No ~~exhibit~~REO toloans athis ~~Form 8-K filed with the United States Securities and Exchange Commission on September 22, 2005~~period.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~The~~Summary ~~Seller,~~12 asMonth ~~owner~~Foreclosure ofHistory* ~~the~~New ~~mortgage~~Foreclosure ~~loans sold to the trust fund (the “Mortgage~~ Loans~~”),~~ ~~retained~~Month ~~certain~~Foreclosure ~~rights~~Percentage ~~relating to the servicing of the Mortgage~~ Loans, ~~including~~in ~~the~~Foreclosure ~~right~~0 toJan-05 ~~terminate~~0.000% ~~and~~Original ~~replace~~Principal ~~GMAC~~Balance at0.00 ~~any~~Feb-05 ~~time, without cause~~0. As000% ofCurrent ~~October~~Principal 1,Balance ~~2005,~~0.00 ~~the~~Mar-05 ~~Seller~~0.000% ~~sold~~Apr-05 ~~the~~0.000% ~~servicing~~Current ~~rights~~Foreclosure ~~with~~Total ~~respect~~May-05 to0.000% ~~the Mortgage~~ Loans toin ~~Wells~~Foreclosure ~~Fargo~~0 ~~Bank,~~Jun-05 N0.A.000% ~~(in~~Original ~~its~~Principal ~~capacity~~Balance as0.00 ~~the~~Jul-05 ~~servicer~~0.000% ofCurrent ~~the~~Principal ~~Mortgage~~Balance ~~Loans,~~0.00 ~~“Wells~~Aug-05 ~~Fargo”)~~0. As000% aSep-05 ~~result,~~0.000% ~~the~~Oct-05 ~~Depositor,~~0.000% ~~the~~Nov-05 ~~Seller,~~0.000% ~~Wells~~Dec-05 ~~Fargo,~~0.000% ~~the~~*The ~~Securities~~text ~~Administrator~~reported ~~and~~in the ~~Trustee~~above ~~entered~~table ~~into~~is apresented ~~Servicer~~graphically ~~Appointment~~on ~~Assumption and Amendment Agreement to~~ the ~~Pooling~~monthly ~~Agreement~~bond ~~(the~~remittance ~~“Amendment”),~~report. ~~dated~~The asmonthly ofbond ~~October~~remittance 1,report ~~2005,~~can ~~attached~~be ~~hereto~~viewed asonline ~~Exhibit~~at 4www.1ctslink. ~~The Amendment reflects the appointment of Wells Fargo as a servicer with respect to the Mortgage Loans~~com.

~~Item~~Foreclosure ~~9.01 Financial~~Loan ~~Statements~~Detail ~~and~~- ~~Exhibits~~All Mortgage Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.

~~(a)~~Foreclosure ~~Not~~Loan ~~applicable~~Detail - All Mortgage Loans in Foreclosure during Current Period (bcontinued) ~~Not~~Current ~~applicable~~Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period.

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

~~(c)~~Summary ~~Exhibits~~12 Month Bankruptcy History* New Bankruptcy Loans Month Bankruptcy Percentage Loans in Bankruptcy 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% Current Bankruptcy Total May-05 0.000% Loans in Bankruptcy 0 Jun-05 0.000% Original Principal Balance 0.00 Jul-05 0.000% Current Principal Balance 0.00 Aug-05 0.000% Sep-05 0.000% Oct-05 0.000% Nov-05 0.000% Dec-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Exhibit No.	Description
4.1	Servicer Appointment, Assumption and Amendment Agreement, dated as of October 1, 2005, to the Pooling and Servicing Agreement, dated as of August 1, 2005, by and among the Seller, the Depositor, Wells Fargo, the Securities Administrator and the Trustee.

~~SIGNATURES~~ Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period (continued) Group Loan Current Paid To Months Current Approximate Number Principal Date Delinquent Loan Rate Delinquent Balance Interest No Bankruptcy Loans this Period

~~Pursuant~~Realized toLoss ~~the~~Detail ~~requirements~~Report of- ~~the~~Loans ~~Securities~~with ~~Exchange~~Losses ~~Act~~during ofCurrent ~~1934,~~Period ~~the~~Summary ~~registrant~~# ~~has~~Loans ~~duly~~Prior ~~caused~~Realized ~~this~~Current ~~report~~with toPrincipal beLoss/(Gain) ~~signed~~Loss onGroup ~~its~~Losses ~~behalf~~Balance byAmount ~~the~~Percentage ~~undersigned~~Total ~~thereunto~~0 ~~duly~~0.00 ~~authorized~~0.00 0.000%

~~Dated:~~Realized ~~October~~Loss 5,Loan ~~2005~~Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.

~~NOMURA~~Realized ~~ASSET~~Loss ~~ACCEPTANCE~~Loan ~~CORPORATION~~Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.

ByRealized Loss Report - Collateral Summary MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jan-2005 N/sA N/A ~~John~~Jan-2005 PN/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% ~~Graham~~ N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.000% N/A Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 N/A N/A Jul-2005 N/A N/A Aug-2005 N/A N/A Aug-2005 N/A N/A Sep-2005 0.000% N/A Sep-2005 0.000% N/A Oct-2005 0.000% N/A Oct-2005 0.000% N/A Nov-2005 0.000% N/A Nov-2005 0.000% N/A Dec-2005 0.000% N/A Dec-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www. monthly bond remittance report can be viewed online at ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

~~Name:~~Prepayment ~~John~~Detail P- Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Total 26 7,401,542.00 ~~Graham~~7,366,383.87 0 0.00 0.00

~~Title:~~Prepayment ~~President~~Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Total 0 0.00 0.00 0 0.00 0.00 11,548.95

~~Index~~Prepayment toLoan ~~Exhibits~~ Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0000126501 ID 80.00 01-Jan-2005 112,800.00 111,880.79 Summary 0000126891 NJ 80.00 01-Mar-2005 324,000.00 321,069.32 Summary 0000127101 WA 80.00 01-Feb-2005 219,350.00 219,272.39 Summary 0000127136 CA 73.81 01-Jan-2005 155,000.00 152,991.88 Summary 0000146010 PA 80.00 01-Aug-2004 60,000.00 58,631.33 Summary 0000146579 NY 80.00 01-Mar-2005 280,000.00 277,862.56 Summary 0000146580 NJ 73.68 01-Mar-2005 280,000.00 277,700.11 Summary 0000146622 NY 79.27 01-May-2005 650,000.00 650,000.00 Summary 0000159351 MA 70.00 01-May-2005 249,200.00 247,449.35 Summary 0000159365 MA 79.99 01-May-2005 271,900.00 270,368.15 Summary 0000159399 MA 70.00 01-May-2005 290,500.00 288,822.18 Summary 0000159908 FL 79.54 01-May-2005 122,392.00 121,532.23 Summary 0000159928 FL 80.00 01-Apr-2005 124,400.00 123,647.46 Summary 0000160292 NY 70.00 01-Jun-2005 210,000.00 206,835.39 Summary 0000160306 NJ 40.74 01-May-2005 110,000.00 109,380.27 Summary 0000173444 FL 79.81 01-Jul-2005 300,000.00 298,310.54 Summary 0000175981 FL 80.00 01-Jun-2005 220,000.00 218,746.33 Summary 0000176003 NH 80.00 01-Jun-2005 260,000.00 260,000.00 Summary 0000176033 ME 80.00 01-Jun-2005 160,000.00 159,448.44 Summary 0000177377 RI 80.00 01-Jul-2005 236,000.00 234,984.35 Summary 0000177564 NY 60.00 01-Nov-2004 111,000.00 109,723.58 Summary 0000177733 AZ 80.00 01-Apr-2005 176,000.00 174,316.84 Summary 0000181465 NY 65.00 01-Jul-2005 455,000.00 452,890.52 Summary 0000181466 NY 57.14 01-Jul-2005 400,000.00 398,099.24 Summary 0000185840 FL 80.00 01-Jul-2005 764,000.00 761,314.11 Summary 0000186852 WA 80.00 01-Jun-2005 860,000.00 856,274.64

Exhibit No.	Description	Sequentially Numbered Page
4.1	Servicer Appointment, Assumption and Amendment Agreement, dated as of October 1, 2005, to the Pooling and Servicing Agreement, dated as of August 1, 2005, by and among the Seller, the Depositor, Wells Fargo, the Securities Administrator and the Trustee.	7

Prepayment - Voluntary Prepayments

Filing Compare · Nomura Asset Acceptance Corp. Alternate Loan Trust, Series 2005-AP3