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) August 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)

333-125422
(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 SACO I Trust 2005-5 Mortgage Pass-Through Certificates, Series 2005-5, which was made on August 25, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(Exhibit No. Description)
99.1 Monthly distribution report pursuant to section 6.06 of the Pooling and Servicing Agreement for the distribution on August 25, 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS SECURITIES ADMINISTRATOR 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: September 2, 2005

SACO I TRUST 2005-5

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Reporting Package Table of Contents

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Administrator:

Amanda Hellyer 312.904.6299
amanda.hellyer@abnamro.com

Analyst:

Rachel Gaxiola 714.259.6216
Rachel.Gaxiola@ABNAMRO.com

Revised 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 4-6
Page 7
Page 8-9

Page 10

Page 11
Page 12-14

Page 15-17
Page 18-20

Page 21-23

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

SACO0505

SACO0505_200508_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Jul-05
25-Aug-05

27-Aug-35

Parties to The Transaction

Depositor: Bear Stearns Asset Backed Securities I LLC

Underwriter: Bear Stearns & Co. Inc./Bear Stearns & Co. Inc.

Master Servicer: ABN AMRO LaSalle Bank N.A.

Rating Agency: Moody's Investors Service, Inc./Fitch Ratings

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.etrustee.net

Page 1 of 23

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Next Index:

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

9.896852%

3.641250%

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

SACO I TRUST 2005-5

Mortgage Pass-Through Certificates, Series 2005-5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

225

Bond Payments

Revised Date:

ABN AMRO Acct: 722835.1

1000.000000000

31.582443786

0.000000000

968.417556214

2.797500013

3.8812500000%

0.00

0.000000000

3.7300000000%

0.000000000

785778FY2

I-A

391,450,000.00

12,362,947.62

0.00

379,087,052.38

1,095,081.38

391,450,000.00

1000.000000000

0.000000000

1000.000000000

2.992500000

4.1412500000%

0.00

0.000000000

3.9900000000%

0.000000000

785778FZ9

I-M-1

56,568,000.00

0.00

56,568,000.00

169,279.74

56,568,000.00

1000.000000000

0.000000000

1000.000000000

3.030000000

4.1912500000%

0.00

0.000000000

4.0400000000%

0.000000000

785778GA3

I-M-2

12,445,000.00

0.00

12,445,000.00

37,708.35

12,445,000.00

1000.000000000

0.000000000

1000.000000000

3.105000384

4.2912500000%

0.00

0.000000000

4.1400000000%

0.000000000

785778GB1

I-M-3

13,011,000.00

0.00

13,011,000.00

40,399.16

13,011,000.00

1000.000000000

0.000000000

1000.000000000

3.142500000

4.3412500000%

0.00

0.000000000

4.1900000000%

0.000000000

785778GC9

I-M-4

10,748,000.00

0.00

10,748,000.00

33,775.59

10,748,000.00

1000.000000000

0.000000000

1000.000000000

3.172500276

4.3812500000%

0.00

0.000000000

4.2300000000%

0.000000000

785778GD7

I-M-5

9,051,000.00

0.00

9,051,000.00

28,714.30

9,051,000.00

1000.000000000

0.000000000

1000.000000000

3.555000000

4.8912500000%

0.00

0.000000000

4.7400000000%

0.000000000

785778GE5

I-B-1

10,182,000.00

0.00

10,182,000.00

36,197.01

10,182,000.00

1000.000000000

0.000000000

1000.000000000

3.630000000

4.9912500000%

0.00

0.000000000

4.8400000000%

0.000000000

785778GF2

I-B-2

8,485,000.00

0.00

8,485,000.00

30,800.55

8,485,000.00

1000.000000000

0.000000000

1000.000000000

3.967499646

5.4412500000%

0.00

0.000000000

5.2900000000%

0.000000000

785778GG0

I-B-3

7,071,000.00

0.00

7,071,000.00

28,054.19

7,071,000.00

1000.000000000

0.000000000

1000.000000000

5.617500376

7.6412500000%

0.00

0.000000000

7.4900000000%

0.000000000

785778GH8

I-B-4

13,294,000.00

0.00

13,294,000.00

74,679.05

13,294,000.00

1000.000000000

0.000000000

978.145017074

5.133151131

0.00

25,184.68

0.044520996

N/A

0.000000000

785778HA2

I-C

565,680,964.00

0.00

553,318,016.19

2,903,725.88

565,680,964.00

1000.000000000

27.346188600

0.000000000

972.653811400

2.805000000

3.8912500000%

0.00

0.000000000

3.7400000000%

0.000000000

785778GJ4

II-A

129,194,000.00

3,532,963.49

0.00

125,661,036.51

362,389.17

129,194,000.00

1000.000000000

0.000000000

1000.000000000

3.030000000

4.1912500000%

0.00

0.000000000

4.0400000000%

0.000000000

785778GK1

II-M-1

5,638,000.00

0.00

5,638,000.00

17,083.14

5,638,000.00

1000.000000000

0.000000000

1000.000000000

3.067500000

4.2412500000%

0.00

0.000000000

4.0900000000%

0.000000000

785778GL9

II-M-2

4,984,000.00

0.00

4,984,000.00

15,288.42

4,984,000.00

1000.000000000

0.000000000

1000.000000000

3.105000000

4.2912500000%

0.00

0.000000000

4.1400000000%

0.000000000

785778GM7

II-M-3

3,186,000.00

0.00

3,186,000.00

9,892.53

3,186,000.00

1000.000000000

0.000000000

1000.000000000

3.180000000

4.3912500000%

0.00

0.000000000

4.2400000000%

0.000000000

785778GN5

II-M-4

2,860,000.00

0.00

2,860,000.00

9,094.80

2,860,000.00

1000.000000000

0.000000000

1000.000000000

3.255000000

4.4912500000%

0.00

0.000000000

4.3400000000%

0.000000000

785778GP0

II-M-5

2,614,000.00

0.00

2,614,000.00

8,508.57

2,614,000.00

Page 2 of 23

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:

Next Index:

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

9.896852%

3.641250%

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

SACO I TRUST 2005-5

Mortgage Pass-Through Certificates, Series 2005-5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

225

Bond Payments

Revised Date:

ABN AMRO Acct: 722835.1

1000.000000000

0.000000000

1000.000000000

3.292499013

4.5412500000%

0.00

0.000000000

4.3900000000%

0.000000000

785778GQ8

II-M-6

2,533,000.00

0.00

2,533,000.00

8,339.90

2,533,000.00

1000.000000000

0.000000000

1000.000000000

3.667498776

5.0412500000%

0.00

0.000000000

4.8900000000%

0.000000000

785778GR6

II-M-7

2,043,000.00

0.00

2,043,000.00

7,492.70

2,043,000.00

1000.000000000

0.000000000

1000.000000000

3.892498725

5.3412500000%

0.00

0.000000000

5.1900000000%

0.000000000

785778GS4

II-M-8

1,961,000.00

0.00

1,961,000.00

7,633.19

1,961,000.00

1000.000000000

0.000000000

1000.000000000

4.417503060

6.0412500000%

0.00

0.000000000

5.8900000000%

0.000000000

785778GT2

II-M-9

1,634,000.00

0.00

1,634,000.00

7,218.20

1,634,000.00

1000.000000000

0.000000000

1000.000000000

4.867500000

6.6412500000%

0.00

0.000000000

6.4900000000%

0.000000000

785778GU9

II-B-1

1,552,000.00

0.00

1,552,000.00

7,554.36

1,552,000.00

1000.000000000

0.000000000

1000.000000000

4.867501610

6.6412500000%

0.00

0.000000000

6.4900000000%

0.000000000

785778GV7

II-B-2

1,553,000.00

0.00

1,553,000.00

7,559.23

1,553,000.00

1000.000000000

0.000000000

978.380167623

3.320340659

0.00

0.000000000

N/A

0.000000000

785778HC8

II-E

163,413,106.00

0.00

159,880,142.04

542,587.18

163,413,106.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778HB0

II-S

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GW5

I-R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GX3

I-R-2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GY1

I-R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GZ8

I-RX

0.00

Total P&I Payment

0.00

25,184.68

692,057,000.00

21,384,967.70

Total

676,161,088.89

15,895,911.11

0.00

5,489,056.59

Page 3 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Revised Date:

Cash Reconciliation Summary

Interest Summary

Available Interest

5,734,499.27

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

1,179,948.79

195,912.99

14,520,049.33

0.00
0.00
0.00

21,630,410.38

Pool Balance Summary

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

Balance/Amount

Count

729,094,069.32

1,179,948.79

14,715,962.32

0.00
0.00
0.00

713,198,158.23

15,914

267

0
0

15,643

303,735.25

Overcollateralization Increase Amt

Trigger Event

0.00

15,895,911.11

Overcollateralization Amt

37,037,069.32

Less OC Increase Amount

Remittance Interest

0.00

5,734,499.27

14,715,962.32

Interest Due Trust

5,734,499.27

Total Fees

303,799.08

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.07

Total LPMI Fees

0.00
0.00
0.00

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

63.83

0.00

Page 4 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Revised Date:

Cash Reconciliation Summary Group I Loans

Interest Summary

Available Interest

4,723,857.88

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

315,785.69

114,015.57

11,933,146.36

0.00
0.00
0.00

17,086,805.50

Pool Balance Summary

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

Balance/Amount

Count

565,680,963.79

315,785.69

12,047,161.93

0.00
0.00
0.00

553,318,016.19

12,744

211

0
0

12,533

264,160.75

Trigger Event

12,362,947.62

Overcollateralization Amt

37,037,069.32

Remittance Interest

4,723,857.88

12,047,161.93

Interest Due Trust

4,723,857.88

Total Fees

264,224.58

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.07

Total LPMI Fees

0.00
0.00
0.00

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

63.83

0.00

Page 5 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Revised Date:

Cash Reconciliation Summary Group II HELOCs

Interest Summary

Available Interest

1,010,641.40

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

864,163.10

81,897.42

2,586,902.97

0.00
0.00
0.00

4,543,604.89

Pool Balance Summary

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

Balance/Amount

Count

163,413,105.53

864,163.10

2,668,800.39

0.00
0.00
0.00

159,880,142.04

3,281

0
0

3,222

39,574.50

Trigger Event

3,532,963.49

Overcollateralization Amt

37,037,069.32

Remittance Interest

1,010,641.40

2,668,800.39

Interest Due Trust

1,010,641.40

Total Fees

39,574.50

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.07

Total LPMI Fees

0.00
0.00
0.00

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

0.00
0.00

Page 6 of 23

SACO I TRUST 2005-5

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Revised Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest
Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

1,095,081.38

Act/360

0.00

1,095,081.38

0.00

I-A

0.00

169,279.74

Act/360

0.00

169,279.74

0.00

I-M-1

0.00

37,708.35

Act/360

0.00

37,708.35

0.00

I-M-2

0.00

40,399.16

Act/360

0.00

40,399.16

0.00

I-M-3

0.00

33,775.59

Act/360

0.00

33,775.59

0.00

I-M-4

0.00

28,714.30

Act/360

0.00

28,714.30

0.00

I-M-5

0.00

36,197.01

Act/360

0.00

36,197.01

0.00

I-B-1

0.00

30,800.55

Act/360

0.00

30,800.55

0.00

I-B-2

0.00

28,054.19

Act/360

0.00

28,054.19

0.00

I-B-3

0.00

74,679.05

Act/360

0.00

74,679.05

0.00

I-B-4

0.00

2,903,725.88

30/360

0.00

2,878,541.20

0.00

Yes

I-C

0.00

362,389.17

Act/360

0.00

362,389.17

0.00

II-A

0.00

17,083.14

Act/360

0.00

17,083.14

0.00

II-M-1

0.00

15,288.42

Act/360

0.00

15,288.42

0.00

II-M-2

0.00

9,892.53

Act/360

0.00

9,892.53

0.00

II-M-3

0.00

9,094.80

Act/360

0.00

9,094.80

0.00

II-M-4

0.00

8,508.57

Act/360

0.00

8,508.57

0.00

II-M-5

0.00

8,339.90

Act/360

0.00

8,339.90

0.00

II-M-6

0.00

7,492.70

Act/360

0.00

7,492.70

0.00

II-M-7

0.00

7,633.19

Act/360

0.00

7,633.19

0.00

II-M-8

0.00

7,218.20

Act/360

0.00

7,218.20

0.00

II-M-9

0.00

7,554.36

Act/360

0.00

7,554.36

0.00

II-B-1

0.00

7,559.23

Act/360

0.00

7,559.23

0.00

II-B-2

0.00

542,587.18

30/360

0.00

542,587.18

0.00

II-E

0.00

5,463,871.91

5,489,056.59

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 7 of 23

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

SACO I TRUST 2005-5

Payment Date:

Prior Payment:
Next Payment:

Record Date:

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Revised 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

3.00
1.00

I-A

24.58%

25.18%

8/25/2035

379,087,052.38

0.00

391,450,000.00

315,785.69

0.00

12,047,161.93

I-M-1

13.68%

14.01%

8/25/2035

56,568,000.00

0.00

56,568,000.00

0.00

I-M-2

11.28%

11.56%

8/25/2035

12,445,000.00

0.00

12,445,000.00

0.00

I-M-3

8.77%

8.99%

8/25/2035

13,011,000.00

0.00

13,011,000.00

0.00

I-M-4

6.70%

6.87%

8/25/2035

10,748,000.00

0.00

10,748,000.00

0.00

I-M-5

4.96%

5.08%

8/25/2035

9,051,000.00

0.00

9,051,000.00

0.00

I-B-1

3.00%

3.07%

8/25/2035

10,182,000.00

0.00

10,182,000.00

0.00

I-B-2

1.36%

1.40%

8/25/2035

8,485,000.00

0.00

8,485,000.00

0.00

I-B-3

0.00%

8/25/2035

7,071,000.00

0.00

7,071,000.00

0.00

I-B-4

0.00%

8/25/2035

13,294,000.00

0.00

13,294,000.00

0.00

I-C

8/25/2035

553,318,016.19

0.00

565,680,964.00

0.00

II-A

19.13%

19.56%

8/25/2035

125,661,036.51

0.00

129,194,000.00

864,163.10

0.00

2,668,800.39

II-M-1

15.60%

15.95%

8/25/2035

5,638,000.00

0.00

5,638,000.00

0.00

II-M-2

12.48%

12.76%

8/25/2035

4,984,000.00

0.00

4,984,000.00

0.00

II-M-3

10.49%

10.72%

8/25/2035

3,186,000.00

0.00

3,186,000.00

0.00

II-M-4

8.69%

8.89%

8/25/2035

2,860,000.00

0.00

2,860,000.00

0.00

II-M-5

7.06%

7.22%

8/25/2035

2,614,000.00

0.00

2,614,000.00

0.00

II-M-6

5.47%

5.60%

8/25/2035

2,533,000.00

0.00

2,533,000.00

0.00

II-M-7

4.19%

4.29%

8/25/2035

2,043,000.00

0.00

2,043,000.00

0.00

II-M-8

2.97%

3.03%

8/25/2035

1,961,000.00

0.00

1,961,000.00

0.00

II-M-9

1.94%

1.99%

8/25/2035

1,634,000.00

0.00

1,634,000.00

0.00

II-B-1

0.97%

0.99%

8/25/2035

1,552,000.00

0.00

1,552,000.00

0.00

II-B-2

0.00%

8/25/2035

1,553,000.00

0.00

1,553,000.00

0.00

II-E

8/25/2035

159,880,142.04

0.00

163,413,106.00

0.00

Page 8 of 23

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

SACO I TRUST 2005-5

Payment Date:

Prior Payment:
Next Payment:

Record Date:

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Revised 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

3.00

24.00

0.00

1,179,948.79

0.00

14,715,962.32

0.00

692,057,000.00

676,161,088.89

692,057,000.00

Page 9 of 23

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

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Interest Adjustments Summary

Revised 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

25,184.68

25,184.68

Total Excess Allocated to the Bonds

25,184.68

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

25,184.68

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 10 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

SWAP Payments

Revised 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

245,442.68

0.00

Page 11 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Distribution

Date

REO

# Balance

Revised Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

0.75%

0.64%

0.04%

0.05%

0.02%

142,116

0.02%

0.00%

25-Aug-05

117

4,579,988

339,236

15,517

708,136,818

99.19%

99.29%

Page 12 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Distribution

Date

REO

# Balance

Revised Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group I Loans

0.76%

0.64%

0.01%

0.00%

25-Aug-05

3,538,841

71,871

12,437

549,707,304

99.23%

99.35%

Page 13 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Distribution

Date

REO

# Balance

Revised Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

Group II HELOCs

0.68%

0.65%

0.16%

0.17%

0.09%

142,116

0.09%

0.00%

25-Aug-05

1,041,147

267,365

3,192

158,429,514

99.07%

99.09%

Page 14 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Distribution

Date

Revised 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-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 15 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Distribution

Date

Revised 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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 16 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Distribution

Date

Revised 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 HELOCs

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 17 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Revised Date:

Amort

ABN AMRO Acct: 722835.1

25-Aug-05

15,643

97.62%

713,198,158

97.82%

1.68%

1.99%

0.00%

225

333

9.90%

9.38%

29,735

267

14,520,049

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

Page 18 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Revised Date:

Group I Loans

Amort

ABN AMRO Acct: 722835.1

25-Aug-05

12,533

78.21%

553,318,016

75.89%

1.66%

2.11%

0.00%

209

341

10.53%

10.01%

25,185

211

11,933,146

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

Page 19 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Revised Date:

Group II HELOCs

Amort

ABN AMRO Acct: 722835.1

25-Aug-05

3,222

20.11%

159,880,142

21.93%

1.80%

1.58%

0.00%

279

305

7.71%

7.20%

2,586,903

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

Page 20 of 23

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Revised Date:

Current Total

Cumulative

Page 21 of 23

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

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Revised Date:

Group I Loans

Current Total

Cumulative

Page 22 of 23

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

SACO I TRUST 2005-5

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

31-Aug-05
25-Aug-05

N/A

26-Sep-05

24-Aug-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Revised Date:

Group II HELOCs

Current Total

Cumulative

Page 23 of 23

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

SACO I TRUST 2005-5 8-K