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) July 25, 2005

Bear Stearns Asset Backed Securities I LLC
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-113636
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, New York
(Address of principal executive offices)

10179
(Zip Code)

Registrant's telephone number, including area code 212-272-2000

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

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

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

[ ] Soliciting material pursuant to Rule 14a-12 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.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Bear Stearns Asset Backed Securities I Trust 2005-AQ1 Asset-Backed Certificates, Series 2005-AQ1, which was made on July 25, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to section 5.06 of the Pooling and Servicing Agreement for the distribution on July 25, 2005.

(Exhibit No. Description)

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.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: July 28, 2005

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Administrator:

Peter Sablich 312.904.8162
peter.sablich@abnamro.com

Analyst:

Rachel Gaxiola 714.259.6216
Rachel.Gaxiola@ABNAMRO.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Bond Principal Reconciliation

Shortfall Summary Report

Swap Summary Report
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I

Asset-Backed Facts ~ 15 Month Loan Status Summary Part II
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail

Page 2-3
Page 4-10
Page 11
Page 12

Page 13

Page 14
Page 15-21

Page 22-28
Page 29-35

Page 36

Asset-Backed Facts - End of Month Scheduled Balances

Page 37-39

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005AQ1

BS005AQ1_200507_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Apr-05
25-May-05

25-Apr-35

Parties to The Transaction

Depositor: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Moody's Investors Service, Inc./Standard & Poor's

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 39

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.566096%

3.314380%
3.460000%

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-AQ1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

353

Bond Payments

Statement Date:

ABN AMRO Acct: 722579.1

898.707837722

98.746255949

0.000000000

799.961581772

2.386634430

3.5600000000%

0.00

0.000000000

3.4143800000%

0.000000000

073879UH9

I-A-1

39,500,000.00

3,900,477.11

0.00

31,598,482.48

94,272.06

35,498,959.59

1000.000000000

0.000000000

1000.000000000

2.694517871

3.6100000000%

0.00

0.000000000

3.4643800000%

0.000000000

073879UJ5

I-A-2

35,001,000.00

0.00

35,001,000.00

94,310.82

35,001,000.00

1000.000000000

0.000000000

1000.000000000

2.888961979

3.8600000000%

0.00

0.000000000

3.7143800000%

0.000000000

073879UK2

I-A-3

13,256,000.00

0.00

13,256,000.00

38,296.08

13,256,000.00

961.847452417

46.469217762

0.000000000

915.378234655

2.644082288

3.6800000000%

0.00

0.000000000

3.5343800000%

0.000000000

073879UL0

II-A-1

119,580,000.00

5,556,789.06

0.00

109,460,929.30

316,179.36

115,017,718.36

961.847452082

46.469217929

0.000000000

915.378234153

2.674006356

3.7200000000%

0.00

0.000000000

3.5743800000%

0.000000000

073879UM8

II-A-2

29,895,000.00

1,389,197.27

0.00

27,365,232.31

79,939.42

28,754,429.58

1000.000000000

0.000000000

1000.000000000

2.920073407

3.9000000000%

0.00

0.000000000

3.7543800000%

0.000000000

073879UN6

M-1

22,886,000.00

0.00

22,886,000.00

66,828.80

22,886,000.00

1000.000000000

0.000000000

1000.000000000

3.083406614

4.1100000000%

0.00

0.000000000

3.9643800000%

0.000000000

073879UP1

M-2

15,784,000.00

0.00

15,784,000.00

48,668.49

15,784,000.00

1000.000000000

0.000000000

1000.000000000

3.161184211

4.2100000000%

0.00

0.000000000

4.0643800000%

0.000000000

073879UQ9

M-3

4,104,000.00

0.00

4,104,000.00

12,973.50

4,104,000.00

1000.000000000

0.000000000

1000.000000000

3.627850774

4.8100000000%

0.00

0.000000000

4.6643800000%

0.000000000

073879UR7

M-4

4,262,000.00

0.00

4,262,000.00

15,461.90

4,262,000.00

1000.000000000

0.000000000

1000.000000000

3.783406851

5.0100000000%

0.00

0.000000000

4.8643800000%

0.000000000

073879US5

M-5

4,262,000.00

0.00

4,262,000.00

16,124.88

4,262,000.00

1000.000000000

0.000000000

1000.000000000

4.133405748

5.4600000000%

0.00

0.000000000

5.3143800000%

0.000000000

073879UT3

M-6

4,419,000.00

0.00

4,419,000.00

18,265.52

4,419,000.00

1000.000000000

0.000000000

1000.000000000

4.911184890

6.4600000000%

0.00

0.000000000

6.3143800000%

0.000000000

073879UU0

M-7

4,262,000.00

0.00

4,262,000.00

20,931.47

4,262,000.00

1000.000000000

0.000000000

1000.000000000

4.911184716

6.4600000000%

0.00

0.000000000

6.3143800000%

0.000000000

073879UV8

M-8

5,208,000.00

0.00

5,208,000.00

25,577.45

5,208,000.00

1000.000000000

0.000000000

1000.000000000

55.170980696

0.00

731,512.71

55.170980696

N/A

0.000000000

073879UW6

13,259,012.27

0.00

13,259,012.27

731,512.71

13,259,012.27

1000.000000000

0.000000000

1000.000000000

1356885.900000000

0.00

135,688.59

1356885.900000000

N/A

0.000000000

073879UX4

100.00

0.00

100.00

135,688.59

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879UY2

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879UZ9

R-2

0.00

Page 2 of 39

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.566096%

3.314380%
3.460000%

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-AQ1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

353

Bond Payments

Statement Date:

ABN AMRO Acct: 722579.1

0.000000000

0.00

0.000000000

N/A

0.000000000

073879VA3

R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879VB1

0.00

Total P&I Payment

0.00

867,201.30

315,678,112.27

305,974,219.80

12,561,494.49

Total

295,127,756.36

10,846,463.44

0.00

1,715,031.05

Page 3 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

1,935,350.74

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

232,995.87

64,843.07

10,548,624.50

0.00
0.00
0.00

12,783,854.00

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

305,974,119.80

232,995.87

10,613,467.57

0.00
0.00
0.00

295,127,656.36

1,847

0
0

1,801

119,184.88

Extra Principal

Trigger Event

0.00

10,846,463.44

Over Collateralization Amt

13,259,012.27

Less Extra Principal

Remittance Interest

0.00

1,935,350.74

0.00

10,613,467.57

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,039.83

1,937,390.56

Total Fees

121,224.70

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

2,039.83

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 4 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

101,612.46

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

16,842.05

3,243.00

109,833.89

0.00
0.00
0.00

231,651.11

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

17,956,922.65

16,842.05

113,076.89

0.00
0.00
0.00

17,827,003.71

119

0
0

118

7,416.15

Trigger Event

129,918.94

Over Collateralization Amt

13,259,012.27

Remittance Interest

101,612.46

0.00

113,076.89

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(119.71

101,732.17

Total Fees

7,535.86

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

119.71

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 5 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 228 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

356,248.73

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

43,251.67

35,848.95

1,777,023.44

0.00
0.00
0.00

2,212,757.02

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

57,634,220.00

43,251.67

1,812,872.39

0.00
0.00
0.00

55,778,095.94

315

0
0

308

23,070.98

Trigger Event

1,856,124.06

Over Collateralization Amt

13,259,012.27

Remittance Interest

356,248.73

0.00

1,812,872.39

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(384.23

356,632.96

Total Fees

23,455.21

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

384.23

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 6 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 327 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

229,232.02

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

26,676.80

1,460.91

1,886,296.40

0.00
0.00
0.00

2,143,914.02

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

37,183,603.00

26,676.80

1,887,757.31

0.00
0.00
0.00

35,269,168.89

182

0
0

177

14,002.49

Trigger Event

1,914,434.11

Over Collateralization Amt

13,259,012.27

Remittance Interest

229,232.02

0.00

1,887,757.31

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(247.89

229,479.91

Total Fees

14,250.38

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

247.89

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 7 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

226,997.90

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

34,227.44

8,982.25

519,443.21

0.00
0.00
0.00

789,907.47

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

38,500,773.88

34,227.44

528,425.46

0.00
0.00
0.00

37,938,120.98

252

0
0

249

15,471.58

Trigger Event

562,652.90

Over Collateralization Amt

13,259,012.27

Remittance Interest

226,997.90

0.00

528,425.46

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(256.67

227,254.57

Total Fees

15,728.25

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

256.67

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 8 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 228 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

821,467.03

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

87,590.94

8,921.07

4,355,291.43

0.00
0.00
0.00

5,274,077.63

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

121,072,935.33

87,590.94

4,364,212.50

0.00
0.00
0.00

116,621,131.89

782

0
0

761

46,975.79

Trigger Event

4,451,803.44

Over Collateralization Amt

13,259,012.27

Remittance Interest

821,467.03

0.00

4,364,212.50

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(807.15

822,274.19

Total Fees

47,782.94

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

807.15

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 9 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 327 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

199,792.60

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

24,406.97

6,386.89

1,900,736.13

0.00
0.00
0.00

2,131,546.76

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

33,625,664.94

24,406.97

1,907,123.02

0.00
0.00
0.00

31,694,134.95

197

0
0

188

12,247.89

Trigger Event

1,931,529.99

Over Collateralization Amt

13,259,012.27

Remittance Interest

199,792.60

0.00

1,907,123.02

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(224.17

200,016.77

Total Fees

12,472.07

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.96

0.00

224.17

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 10 of 39

Bear Stearns Asset Backed Securities I Trust

Class

Payment Date:

Prior Payment:

Next Payment:

Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest

Losses

Current

Int Carry-Fwd

Shortfall

Current Basis

Risk Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Remaining Basis

Risk Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

0.00

94,272.06

Act/360

0.00

94,272.06

0.00

I-A-1

0.00

94,310.82

Act/360

0.00

94,310.82

0.00

I-A-2

0.00

38,296.08

Act/360

0.00

38,296.08

0.00

I-A-3

0.00

316,179.36

Act/360

0.00

316,179.36

0.00

II-A-1

0.00

79,939.42

Act/360

0.00

79,939.42

0.00

II-A-2

0.00

66,828.80

Act/360

0.00

66,828.80

0.00

M-1

0.00

48,668.49

Act/360

0.00

48,668.49

0.00

M-2

0.00

12,973.50

Act/360

0.00

12,973.50

0.00

M-3

0.00

15,461.90

Act/360

0.00

15,461.90

0.00

M-4

0.00

16,124.88

Act/360

0.00

16,124.88

0.00

M-5

0.00

18,265.52

Act/360

0.00

18,265.52

0.00

M-6

0.00

20,931.47

Act/360

0.00

20,931.47

0.00

M-7

0.00

25,577.45

Act/360

0.00

25,577.45

0.00

M-8

0.00

731,512.71

0.00

135,688.59

0.00

847,829.75

983,518.34

1,715,031.05

0.00

(2) Interest Carry-Forward Shortfall is unpaid interest with interest thereon
(3) Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Page 11 of 39

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

Bear Stearns Asset Backed Securities I Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Statement Date:

Beginning

Class Balance

Unscheduled

Principal
Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal
Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

4.00
1.00

I-A-1

21.56%

23.13%

4/25/2035

31,598,482.48

0.00

35,498,959.59

39,500,000.00

86,770.52

0.00

3,813,706.59

I-A-2

21.56%

23.13%

4/25/2035

35,001,000.00

0.00

35,001,000.00

0.00

I-A-3

21.56%

23.13%

4/25/2035

13,256,000.00

0.00

13,256,000.00

0.00

II-A-1

21.56%

23.13%

4/25/2035

109,460,929.30

0.00

115,017,718.36

119,580,000.00

116,980.28

0.00

5,439,808.78

II-A-2

21.56%

23.13%

4/25/2035

27,365,232.31

0.00

28,754,429.58

29,895,000.00

29,245.07

0.00

1,359,952.20

M-1

13.99%

15.01%

4/25/2035

22,886,000.00

0.00

22,886,000.00

0.00

M-2

8.77%

9.41%

4/25/2035

15,784,000.00

0.00

15,784,000.00

0.00

M-3

7.41%

7.95%

4/25/2035

4,104,000.00

0.00

4,104,000.00

0.00

M-4

6.00%

6.44%

4/25/2035

4,262,000.00

0.00

4,262,000.00

0.00

M-5

4.59%

4.93%

4/25/2035

4,262,000.00

0.00

4,262,000.00

0.00

M-6

3.13%

3.36%

4/25/2035

4,419,000.00

0.00

4,419,000.00

0.00

M-7

1.72%

1.85%

4/25/2035

4,262,000.00

0.00

4,262,000.00

0.00

M-8

0.00%

4/25/2035

5,208,000.00

0.00

5,208,000.00

0.00

4/25/2035

13,259,012.27

0.00

13,259,012.27

0.00

4/25/2035

100.00

0.00

100.00

0.00

232,995.87

0.00

10,613,467.57

0.00

315,678,112.27

295,127,756.36

305,974,219.80

Page 12 of 39

(1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount.

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

0.00

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

135,688.59

135,688.59

Total Excess Allocated to the Bonds

135,688.59

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

135,688.59

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 13 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Provider

Net Swap payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Provider

0.00

220,319.68

0.00

Page 14 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

4.44%

4.49%

1.28%

1.22%

0.06%

433,457

0.15%

0.78%

0.57%

0.00%

25-Jul-05

13,247,100

3,603,333

1,696,451

1,683

276,147,315

93.45%

93.57%

2.06%

2.11%

0.92%

0.87%

0.00%

27-Jun-05

6,460,648

2,650,497

1,792

296,862,975

97.02%

1.23%

1.10%

0.00%

25-May-05

3,420,866

1,852

308,866,613

98.77%

98.90%

Page 15 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group I Loans - Fixed 1st Lien

0.85%

0.71%

0.00%

25-Jul-05

126,912

117

17,700,092

99.15%

99.29%

0.84%

0.33%

0.00%

27-Jun-05

60,087

118

17,896,836

99.16%

99.67%

0.00%

25-May-05

120

18,094,936

100.00%

Page 16 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group I Loans - ARM 228 1st Lien

7.47%

7.54%

2.27%

1.33%

0.00%

1.95%

1.09%

0.00%

25-Jul-05

4,205,860

740,258

606,490

272

50,225,489

88.31%

90.05%

3.17%

2.63%

2.22%

1.57%

0.00%

27-Jun-05

1,515,526

907,543

298

55,211,151

94.60%

95.80%

3.13%

2.11%

0.00%

25-May-05

1,239,790

310

57,646,619

96.88%

97.89%

Page 17 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group I Loans - ARM 327 1st Lien

7.91%

8.42%

2.26%

3.07%

0.56%

433,457

1.23%

0.56%

0.59%

0.00%

25-Jul-05

2,968,541

1,081,067

206,402

157

30,579,702

88.70%

86.70%

6.04%

6.20%

1.10%

1.72%

0.00%

27-Jun-05

2,305,849

640,233

169

34,237,521

92.86%

92.08%

1.08%

1.68%

0.00%

25-May-05

640,603

183

37,387,293

98.92%

98.32%

Page 18 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group II Loans - Fixed 1st Lien

1.61%

0.91%

0.80%

1.14%

0.00%

0.40%

0.22%

0.00%

25-Jul-05

346,487

431,128

84,656

242

37,075,850

97.19%

97.73%

0.79%

0.85%

0.40%

0.22%

0.00%

27-Jun-05

325,557

84,726

249

38,090,491

98.81%

98.93%

0.39%

0.22%

0.00%

25-May-05

84,795

253

38,823,492

99.61%

99.78%

Page 19 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group II Loans - ARM 228 1st Lien

4.86%

4.66%

0.79%

0.63%

0.00%

0.66%

0.51%

0.00%

25-Jul-05

5,429,867

731,207

595,961

713

109,864,097

93.69%

94.21%

1.41%

1.48%

0.77%

0.67%

0.00%

27-Jun-05

1,796,180

814,960

765

118,461,795

97.83%

97.84%

1.01%

0.84%

0.00%

25-May-05

1,034,553

784

122,157,356

98.99%

99.16%

Page 20 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group II Loans - ARM 327 1st Lien

0.53%

2.13%

1.96%

0.00%

0.53%

0.64%

0.00%

25-Jul-05

169,434

619,673

202,942

182

30,702,086

96.81%

96.87%

1.52%

1.36%

0.51%

0.60%

0.00%

27-Jun-05

457,449

203,036

193

32,965,181

97.97%

98.04%

0.98%

1.20%

0.00%

25-May-05

421,125

202

34,756,918

99.02%

98.80%

Page 21 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

1,696,451

0.00%

0.78%

0.57%

0.00%

0.00% 0.00%

0.00%

0.06%

174,821

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 22 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 23 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

606,490

0.00%

1.95%

1.09%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 24 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

206,402

0.00%

0.56%

0.59%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 25 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

84,656

0.00%

0.40%

0.22%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 26 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

595,961

0.00%

0.66%

0.51%

0.00%

0.00% 0.00%

0.00%

0.13%

0.15%

174,821

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 27 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # Balance # Balance # Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Jul-05

202,942

0.00%

0.53%

0.64%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 28 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

25-Jul-05

1,801

95.29%

295,127,656

93.49%

2.49%

3.45%

0.00%

353

7.57%

7.06%

10,548,624

0.00

27-Jun-05

1,847

97.72%

305,974,120

96.93%

1.49%

1.94%

0.00%

354

7.56%

7.06%

6,067,992

0.00

25-May-05

1,875

99.21%

312,287,479

98.93%

0.79%

0.99%

0.00%

355

7.56%

7.05%

3,129,222

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 29 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - Fixed 1st Lien

25-Jul-05

118

6.24%

17,827,004

5.65%

0.84%

0.61%

0.00%

343

7.30%

6.79%

109,834

0.00

27-Jun-05

119

6.30%

17,956,923

5.69%

0.83%

0.67%

0.00%

344

7.31%

6.80%

120,828

0.00

25-May-05

120

6.35%

18,094,936

5.73%

0.83%

0.93%

0.00%

345

7.32%

6.82%

170,824

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 30 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - ARM 228 1st Lien

25-Jul-05

308

16.30%

55,778,096

17.67%

2.22%

3.08%

0.00%

354

7.56%

7.05%

1,777,023

0.00

27-Jun-05

315

16.67%

57,634,220

18.26%

1.56%

2.05%

0.00%

355

7.57%

7.06%

1,206,360

0.00

25-May-05

320

16.93%

58,886,409

18.65%

1.23%

1.47%

0.00%

356

7.55%

7.04%

876,859

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 31 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - ARM 327 1st Lien

25-Jul-05

177

9.37%

35,269,169

11.17%

2.75%

5.07%

0.00%

355

7.64%

7.13%

1,886,296

0.00

27-Jun-05

182

9.63%

37,183,603

11.78%

1.62%

2.15%

0.00%

356

7.63%

7.13%

816,272

0.00

25-May-05

185

9.79%

38,027,896

12.05%

1.60%

1.61%

0.00%

357

7.64%

7.13%

623,611

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 32 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - Fixed 1st Lien

25-Jul-05

249

13.17%

37,938,121

12.02%

1.19%

1.35%

0.00%

347

7.21%

6.70%

519,443

0.00

27-Jun-05

252

13.33%

38,500,774

12.20%

0.79%

0.96%

0.00%

348

7.22%

6.71%

372,306

0.00

25-May-05

254

13.44%

38,908,287

12.33%

0.39%

0.66%

0.00%

349

7.21%

6.70%

259,212

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 33 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - ARM 228 1st Lien

25-Jul-05

761

40.26%

116,621,132

36.94%

2.69%

3.60%

0.00%

354

7.70%

7.19%

4,355,291

0.00

27-Jun-05

782

41.38%

121,072,935

38.35%

1.26%

1.64%

0.00%

355

7.70%

7.19%

2,026,273

0.00

25-May-05

792

41.90%

123,191,909

39.02%

0.38%

0.35%

0.00%

356

7.70%

7.19%

428,212

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 34 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - ARM 327 1st Lien

25-Jul-05

188

9.95%

31,694,135

10.04%

4.57%

5.65%

0.00%

355

7.56%

7.05%

1,900,736

0.00

27-Jun-05

197

10.42%

33,625,665

10.65%

3.43%

4.34%

0.00%

356

7.54%

7.03%

1,525,952

0.00

25-May-05

204

10.79%

35,178,042

11.14%

1.45%

2.14%

0.00%

357

7.55%

7.04%

770,504

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 35 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation

Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 36 of 39

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

End of Month Scheduled Balance Reporting

Statement Date:

Summary of Servicer Delinquency Status

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

Group 1

549

99,585,590.06

0.00

89.1234

90.2067

0.00

7,743,845.89

0.00

6.4935

7.0145

0.00

1,821,325.15

0.00

1.7857

1.6498

0.00

90+

433,456.92

0.00

0.1623

0.3926

0.00

F/C90+

812,891.45

0.00

1.1364

0.7363

0.00

PIF

0.00

1.2987

0.0000

0.00

Total:

616

Overall Performance:

110,397,109.47

0.00

100

0.00

DLQ Total:

10,811,519.41

0.00

9.5779%

9.7933%

0.0000%

Page 37 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

End of Month Scheduled Balance Reporting

Statement Date:

Summary of Servicer Delinquency Status

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

Group 2

1,148

179,974,324.61

0.00

93.2575

95.2004

0.00

6,233,131.09

0.00

3.4931

3.2971

0.00

1,782,007.52

0.00

0.9748

0.9426

0.00

BKY0

174,820.68

0.00

0.0812

0.0925

0.00

F/C90+

883,559.94

0.00

0.5686

0.4674

0.00

PIF

0.00

1.6247

0.0000

0.00

Total:

1,231

Overall Performance:

189,047,843.84

0.00

100

0.00

DLQ Total:

8,898,698.55

0.00

5.0366%

4.7071%

0.0000%

Page 38 of 39

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Jul-05
25-Jul-05

27-Jun-05

25-Aug-05

22-Jul-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

End of Month Scheduled Balance Reporting

Statement Date:

Summary of Servicer Delinquency Status

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

Total

1,697

279,559,914.67

0.00

91.8787

93.3594

0.00

13,976,976.98

0.00

4.4938

4.6676

0.00

3,603,332.67

0.00

1.2453

1.2033

0.00

90+

433,456.92

0.00

0.0541

0.1448

0.00

BKY0

174,820.68

0.00

0.0541

0.0584

0.00

F/C90+

1,696,451.39

0.00

0.7580

0.5665

0.00

PIF

0.00

1.5160

0.0000

0.00

Total:

1,847

Overall Performance:

299,444,953.31

0.00

100

0.00

DLQ Total:

121

19,710,217.96

0.00

6.5512%

6.5823%

0.0000%

Page 39 of 39

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-AQ1 8-K