8-K 1 ecr0502_8k0508.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2005 ECR (Depositor) (Issuer in respect of Encore Credit Receivables Trust, Asset-Backed Notes, (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, 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. []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)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits 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 thereunto duly authorized. Dated: August 25, 2005 ECR By: /s/ Maria Tokarz ------------------------------ Name: Maria Tokarz Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated August 25, 2005 Payment Date: 08/25/05 ------------------------------------------------------------ ECC CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-2 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A ~~574~~565,~~422~~531,~~355~~170.8967 3.~~544380~~690000% 813,~~891~~286,~~185~~781.2299 1,~~583~~796,~~533~~975.0929 1015,~~474~~083,~~718~~757.3029 0.00 0.00 2A1 ~~282~~270,~~003~~989,~~251~~022.8891 3.~~424380~~570000% 1116,~~014~~928,~~228~~655.9705 ~~751~~833,~~089~~065.3442 1117,~~765~~761,~~318~~720.3147 0.00 0.00 2A2 102,936,000.00 3.~~474380~~620000% 0.00 ~~278~~320,~~163~~874.5039 ~~278~~320,~~163~~874.5039 0.00 0.00 2A3 132,350,000.00 3.~~564380~~710000% 0.00 ~~366~~422,~~913~~821.3249 ~~366~~422,~~913~~821.3249 0.00 0.00 2A4 54,361,000.00 3.~~664380~~810000% 0.00 ~~154~~178,~~932~~349.8438 ~~154~~178,~~932~~349.8438 0.00 0.00 C 1,~~392~~376,~~982~~490,~~219~~443.0418 0.000000% 0.00 10.8100 10.8100 0.00 0.00 C1 0.00 0.000000% 0.00 ~~165~~415,~~443~~840.1694 ~~165~~415,~~443~~840.1694 0.00 0.00 C2 1,~~392~~376,~~982~~490,~~219~~443.0418 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 52,500,000.00 3.~~754380~~900000% 0.00 ~~153~~176,~~303~~312.8550 ~~153~~176,~~303~~312.8550 0.00 0.00 M2 44,100,000.00 3.~~774380~~920000% 0.00 ~~129~~148,~~461~~862.2300 ~~129~~148,~~461~~862.2300 0.00 0.00 M3 28,000,000.00 3.~~804380~~950000% 0.00 8295,~~850~~238.9489 8295,~~850~~238.9489 0.00 0.00 M4 26,600,000.00 34.~~934380~~080000% 0.00 8193,~~397~~454.9567 8193,~~397~~454.9567 0.00 0.00 M5 22,400,000.00 34.~~964380~~110000% 0.00 6979,~~068~~277.3133 6979,~~068~~277.3133 0.00 0.00 M6 23,100,000.00 4.~~014380~~160000% 0.00 7282,~~125~~749.0333 7282,~~125~~749.0333 0.00 0.00 M7 18,900,000.00 4.~~594380~~740000% 0.00 6777,~~537~~143.3950 6777,~~537~~143.3950 0.00 0.00 M8 16,800,000.00 4.~~714380~~860000% 0.00 6170,~~601~~308.2300 6170,~~601~~308.2300 0.00 0.00 B 14,000,000.00 5.~~164380~~310000% 0.00 5664,~~234~~015.3600 5664,~~234~~015.3600 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1,~~392~~372,~~472~~567,~~607~~193.7758 - 1930,~~905~~215,~~414~~437.1905 4,~~073~~855,~~657~~288.3413 2335,~~979~~070,~~071~~725.5218 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~565~~552,~~531~~244,~~170~~388.6768 0.00 2A1 ~~270~~254,~~989~~060,~~022~~367.9185 0.00 2A2 102,936,000.00 0.00 2A3 132,350,000.00 0.00 2A4 54,361,000.00 0.00 C 1,~~376~~349,~~490~~044,~~443~~990.1844 0.00 C1 0.00 0.00 C2 1,~~376~~349,~~490~~044,~~443~~990.1844 0.00 -------------------------------------------------------------------------------- Subordinate M1 52,500,000.00 0.00 M2 44,100,000.00 0.00 M3 28,000,000.00 0.00 M4 26,600,000.00 0.00 M5 22,400,000.00 0.00 M6 23,100,000.00 0.00 M7 18,900,000.00 0.00 M8 16,800,000.00 0.00 B 14,000,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1,~~372~~342,~~567~~351,~~193~~756.5853 - --------------------------------------------------------------------------------

Payment Date: 08/25/05 ------------------------------------------------------------ ECC CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-2 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A ~~574~~565,~~422~~531,~~355~~170.8967 3.~~544380~~690000% 126673H39 1523.~~414676~~035336 23.~~745376~~115422 ~~980~~957.~~463195~~427858 2A1 ~~282~~270,~~003~~989,~~251~~022.8891 3.~~424380~~570000% 126673H54 3858.~~356656~~953433 2.~~615642~~901120 ~~943~~884.~~709531~~756098 2A2 102,936,000.00 3.~~474380~~620000% 126673H62 0.000000 23.~~702296~~117222 1,000.000000 2A3 132,350,000.00 3.~~564380~~710000% 126673H70 0.000000 23.~~772296~~194722 1,000.000000 2A4 54,361,000.00 3.~~664380~~810000% 126673H88 0.000000 23.~~850073~~280833 1,000.000000 C 1,~~392~~376,~~982~~490,~~219~~443.0418 0.000000% 12667OTC2 0.000000 0.~~000001~~000000 ~~983~~963.~~207396~~603502 C1 0.00 0.000000% 126673M74 0.000000 0.000000 0.000000 C2 1,~~392~~376,~~982~~490,~~219~~443.0418 0.000000% 126673M82 0.000000 0.000000 ~~983~~963.~~207396~~603502 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 52,500,000.00 3.~~754380~~900000% 126673H96 0.000000 23.~~920073~~358333 1,000.000000 M2 44,100,000.00 3.~~774380~~920000% 126673J29 0.000000 23.~~935629~~375556 1,000.000000 M3 28,000,000.00 3.~~804380~~950000% 126673J37 0.000000 23.~~958962~~401389 1,000.000000 M4 26,600,000.00 34.~~934380~~080000% 126673J45 0.000000 3.~~060073~~513333 1,000.000000 M5 22,400,000.00 34.~~964380~~110000% 126673J52 0.000000 3.~~083407~~539167 1,000.000000 M6 23,100,000.00 4.~~014380~~160000% 126673J60 0.000000 3.~~122296~~582222 1,000.000000 M7 18,900,000.00 4.~~594380~~740000% 126673J78 0.000000 34.~~573407~~081667 1,000.000000 M8 16,800,000.00 4.~~714380~~860000% 126673J86 0.000000 34.~~666740~~185000 1,000.000000 B 14,000,000.00 5.~~164380~~310000% 126673J94 0.000000 4.~~016740~~572500 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1,~~392~~372,~~472~~567,~~607~~193.7758 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ ECC CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 678,348,234.78 670,696,755.66 1,349,044,990.44 Loan count 3736 2600 6336 Avg loan rate 7.431385% 7.151655% 7.29 Prepay amount 11,611,150.72 14,957,846.32 26,568,997.04 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 283,160.98 275,242.66 558,403.64 Sub servicer fees 0.00 0.00 0.00 Trustee fees 3,739.76 3,716.23 7,455.99 Agg advances N/A N/A N/A Adv this period 0.00 2,831.30 2,831.30 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 14,000,603.50 14,000,226.95 28,000,830.45 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 82.048238% 100.000000% 1,126,167,193.58 ----------------------------------------------------------------------------- Junior 17.951762% 0.000000% 246,400,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 33 6,758,770.60 60 to 89 days 1 65,108.48 90 or more 1 76,222.09 Foreclosure 1 345,683.87 Totals: 36 7,245,785.04 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 35,070,725.18 35,070,725.18 Principal remittance amount 30,215,437.05 30,215,437.05 Interest remittance amount 4,855,288.13 4,855,288.13

Filing Compare · ENCORE CREDIT RECEIVABLES TRUST 2005-2