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

Accredited Mortgage Loan Trust 2005-3
(Issuer with respect to Securities)

Accredited Home Lenders, Inc.
(Exact name of registrant as specified in its charter)

California
(State or other jurisdiction
of incorporation)

333-124435
(Commission
File Number)

33-0426859
(IRS Employer
Identification No.)

Accredited Home Lenders, Inc.
(Exact name of registrant as specified in its charter)

Maryland
(State or other jurisdiction
of incorporation)

333-124435-01
(Commission
File Number)

35-2231035
(IRS Employer
Identification No.)

Attention: General Counsel, 15090 Avenue of Science, San Diego, CA
(Address of principal executive offices)

92128
(Zip Code)

Registrant's telephone number, including area code 858-676-2100

(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 Accredited Mortgage Loan Trust 2005-3, Asset-Backed Notes, Series 2005-3, which was made on December 27, 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 2.08 of the Indenture for the distribution on December 27, 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 INDENTURE TRUSTEE UNDER THE SALE AND SERVICING AGREEMENT ON BEHALF OF ACCREDITED HOME LENDERS, INC., REGISTRANT

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

Date: January 3, 2006

Accredited Mortgage Loan Trust

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

Reporting Package Table of Contents

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Administrator:

John Chozen 312.992.1816
john.chozen@abnamro.com

Analyst:

Dinsmore Sohn 714.259.6258
dinsmore.sohn@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

Other Related Information

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

Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail
Repurchase Loan Detail

Page 2-3
Page 4-6
Page 7
Page 8

Page 9

Page 10
Page 11-13

Page 14-16
Page 17-19

Page 20

Substitution Detail History

Page 21

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

AMLT0503

AMLT0503_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

25-Aug-05
26-Sep-05

25-Sep-35

Parties to The Transaction

Issuer: Accredited Mortgage Loan Trust 2005-3

Underwriter: Morgan Stanley & Co., Inc

Master Servicer: Accredited Home Lenders, Inc.

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

www.etrustee.net

Page 1 of 21

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:

7.102378%

4.200000%
4.380000%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Accredited Mortgage Loan Trust

Asset-Backed Notes

Series 2005-3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

350

Indenture

Statement Date:

ABN AMRO Acct: 722944.1

958.749776931

17.348199389

0.000000000

941.401577542

3.783865794

4.6200000000%

0.00

0.000000000

4.4400000000%

0.000000000

004375ED9

A-1

356,840,000.00

6,190,531.47

0.00

335,929,738.93

1,350,234.67

342,120,270.40

889.545825483

39.677895881

0.000000000

849.867929602

3.400041811

4.4800000000%

0.00

0.000000000

4.3000000000%

0.000000000

004375DQ1

A-2A

257,110,000.00

10,201,583.81

0.00

218,509,543.38

874,184.75

228,711,127.19

1000.000000000

0.000000000

1000.000000000

3.875555604

4.5400000000%

0.00

0.000000000

4.3600000000%

0.000000000

004375DR9

A-2B

91,720,000.00

0.00

91,720,000.00

355,465.96

91,720,000.00

1000.000000000

0.000000000

1000.000000000

3.955555570

4.6300000000%

0.00

0.000000000

4.4500000000%

0.000000000

004375DS7

A-2C

156,650,000.00

0.00

156,650,000.00

619,637.78

156,650,000.00

1000.000000000

0.000000000

1000.000000000

4.062222259

4.7500000000%

0.00

0.000000000

4.5700000000%

0.000000000

004375DT5

A-2D

61,154,000.00

0.00

61,154,000.00

248,421.14

61,154,000.00

1000.000000000

0.000000000

1000.000000000

4.133333333

4.8300000000%

0.00

0.000000000

4.6500000000%

0.000000000

004375DU2

M-1

37,521,000.00

0.00

37,521,000.00

155,086.80

37,521,000.00

1000.000000000

0.000000000

1000.000000000

4.151111143

4.8500000000%

0.00

0.000000000

4.6700000000%

0.000000000

004375DV0

M-2

34,721,000.00

0.00

34,721,000.00

144,130.73

34,721,000.00

1000.000000000

0.000000000

1000.000000000

4.160000000

4.8600000000%

0.00

0.000000000

4.6800000000%

0.000000000

004375DW8

M-3

23,521,000.00

0.00

23,521,000.00

97,847.36

23,521,000.00

1000.000000000

0.000000000

1000.000000000

4.248889013

4.9600000000%

0.00

0.000000000

4.7800000000%

0.000000000

004375DX6

M-4

17,921,000.00

0.00

17,921,000.00

76,144.34

17,921,000.00

1000.000000000

0.000000000

1000.000000000

4.293333519

5.0100000000%

0.00

0.000000000

4.8300000000%

0.000000000

004375DY4

M-5

17,921,000.00

0.00

17,921,000.00

76,940.83

17,921,000.00

1000.000000000

0.000000000

1000.000000000

4.355555849

5.0800000000%

0.00

0.000000000

4.9000000000%

0.000000000

004375DZ1

M-6

15,121,000.00

0.00

15,121,000.00

65,860.36

15,121,000.00

1000.000000000

0.000000000

1000.000000000

4.728889101

5.5000000000%

0.00

0.000000000

5.3200000000%

0.000000000

004375EA5

M-7

15,681,000.00

0.00

15,681,000.00

74,153.71

15,681,000.00

1000.000000000

0.000000000

1000.000000000

4.888888799

5.6800000000%

0.00

0.000000000

5.5000000000%

0.000000000

004375EB3

M-8

12,320,000.00

0.00

12,320,000.00

60,231.11

12,320,000.00

1000.000000000

0.000000000

1000.000000000

5.244444099

6.0800000000%

0.00

0.000000000

5.9000000000%

0.000000000

004375EC1

M-9

12,880,000.00

0.00

12,880,000.00

67,548.44

12,880,000.00

0.000000000

4.3787500000%

0.00

230,840.74

0.000000000

4.1912500000%

0.000000000

SWAP

1,120,042,351.70

0.00

1,070,242,526.47

230,840.74

1,087,731,245.99

Page 2 of 21

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 $ 0

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

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

7.102378%

4.200000%
4.380000%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Accredited Mortgage Loan Trust

Asset-Backed Notes

Series 2005-3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

350

Indenture

Statement Date:

ABN AMRO Acct: 722944.1

Total P&I Payment

0.00

230,840.74

1,111,081,000.00

1,067,962,397.59

20,888,844.00

Total

1,051,570,282.31

16,392,115.28

0.00

4,496,728.72

Page 3 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

1,183,812.49

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

6,036,495.55

Unscheduled Interest:
Prepayment Penalties

301,296.81

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

301,296.81

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips

Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

0.00
0.00

0.00

6,252,729.10

0.00
0.00
0.00
0.00

0.00

138,319.80
609,630.55
747,950.35

56,440.17

13,831,724.37

0.00
0.00
0.00

13,888,164.54
14,636,114.89

20,888,843.99

1,082,895,520.00

6,319

747,950.35

13,888,164.54

0.00
0.00

0.00

1,068,259,405.11

6,238

634,678.62

5,103,191.84

609,630.55

4,852,683.06

666,861.31

5,340,757.89

85,063.26

0.00
0.00

366,143.21

451,206.47

9,362.64

)

(9,362.64

0.00
0.00
0.00
0.00

0.00

)

(85,063.26

6,252,729.10

Interest Not Advanced (

Current Period

)

(6,638.80

4,859,321.85

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(4,615,117.00

)

(577,447.86

0.00

Advance Summary (Advance Made by Servicer)

0.00

Misc. Fees

Page 4 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

Statement Date:

Cash Reconciliation Summary Group I

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

439,604.56

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

2,349,192.93

Unscheduled Interest:
Prepayment Penalties

127,611.20

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

127,611.20

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips

Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

0.00
0.00

0.00

2,445,549.01

0.00
0.00
0.00
0.00

0.00

52,250.09

248,756.16
301,006.25

14,897.15

5,211,469.26

0.00
0.00
0.00

5,226,366.41
5,527,372.66

7,972,921.67

420,102,215.08

2,640

301,006.25

5,226,366.41

0.00
0.00

0.00

414,574,842.42

2,609

254,923.30

1,973,295.33

248,756.16

1,909,588.37

272,447.19

2,107,126.38

31,255.13

0.00
0.00

143,787.46

175,042.59

3,231.90

)

(3,231.90

0.00
0.00
0.00
0.00

0.00

)

(31,255.13

2,445,549.01

Interest Not Advanced (

Current Period

)

(2,184.02

1,911,772.40

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(1,775,757.32

)

(231,232.27

0.00

Advance Summary (Advance Made by Servicer)

0.00

Misc. Fees

Page 5 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

Statement Date:

Cash Reconciliation Summary Group II

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

744,207.93

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

3,687,302.62

Unscheduled Interest:
Prepayment Penalties

173,685.61

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

173,685.61

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances
Recoup of Prior Advances
Misc. Fees & Expenses

Total Unscheduled Fees & Expenses

Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips

Interest Reserve Withholding
Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding

Plus Current Period

Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts
PPIS Reducing Scheduled Interest
PPIS Reducing Servicing Fee

PPIS Due Certificate

0.00

0.00
0.00

0.00

3,807,180.09

0.00
0.00
0.00
0.00

0.00

86,069.71

360,874.39
446,944.10

41,543.02

8,620,255.11

0.00
0.00
0.00

8,661,798.13
9,108,742.23

12,915,922.32

662,793,304.92

3,679

446,944.10

8,661,798.13

0.00
0.00

0.00

653,684,562.69

3,629

379,755.32

3,129,896.50

360,874.39

2,943,094.69

394,414.12

3,233,631.51

53,808.13

0.00
0.00

222,355.74

276,163.88

6,130.74

)

(6,130.74

0.00
0.00
0.00
0.00

0.00

)

(53,808.13

3,807,180.09

Interest Not Advanced (

Current Period

)

(4,454.77

2,947,549.46

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(2,839,359.68

)

(346,215.59

0.00

Advance Summary (Advance Made by Servicer)

0.00

Misc. Fees

Page 6 of 21

Accredited Mortgage Loan Trust

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

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

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

1,350,234.67

Act/360

0.00

1,350,234.67

0.00

A-1

0.00

874,184.75

Act/360

0.00

874,184.75

0.00

A-2A

0.00

355,465.96

Act/360

0.00

355,465.96

0.00

A-2B

0.00

619,637.78

Act/360

0.00

619,637.78

0.00

A-2C

0.00

248,421.14

Act/360

0.00

248,421.14

0.00

A-2D

0.00

155,086.80

Act/360

0.00

155,086.80

0.00

M-1

0.00

144,130.73

Act/360

0.00

144,130.73

0.00

M-2

0.00

97,847.36

Act/360

0.00

97,847.36

0.00

M-3

0.00

76,144.34

Act/360

0.00

76,144.34

0.00

M-4

0.00

76,940.83

Act/360

0.00

76,940.83

0.00

M-5

0.00

65,860.36

Act/360

0.00

65,860.36

0.00

M-6

0.00

74,153.71

Act/360

0.00

74,153.71

0.00

M-7

0.00

60,231.11

Act/360

0.00

60,231.11

0.00

M-8

0.00

67,548.44

Act/360

0.00

67,548.44

0.00

M-9

0.00

4,265,887.98

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 21

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

Accredited Mortgage Loan Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

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

1.00
1.00

A-1

9/25/2035

335,929,738.93

0.00

342,120,270.40

356,840,000.00

6,190,531.47

0.00

A-2A

9/25/2035

218,509,543.38

0.00

228,711,127.19

257,110,000.00

10,201,583.81

0.00

A-2B

9/25/2035

91,720,000.00

0.00

91,720,000.00

0.00

A-2C

9/25/2035

156,650,000.00

0.00

156,650,000.00

0.00

A-2D

9/25/2035

61,154,000.00

0.00

61,154,000.00

0.00

M-1

9/25/2035

37,521,000.00

0.00

37,521,000.00

0.00

M-2

9/25/2035

34,721,000.00

0.00

34,721,000.00

0.00

M-3

9/25/2035

23,521,000.00

0.00

23,521,000.00

0.00

M-4

9/25/2035

17,921,000.00

0.00

17,921,000.00

0.00

M-5

9/25/2035

17,921,000.00

0.00

17,921,000.00

0.00

M-6

9/25/2035

15,121,000.00

0.00

15,121,000.00

0.00

M-7

9/25/2035

15,681,000.00

0.00

15,681,000.00

0.00

M-8

9/25/2035

12,320,000.00

0.00

12,320,000.00

0.00

M-9

9/25/2035

12,880,000.00

0.00

12,880,000.00

0.00

16,392,115.28

0.00

1,111,081,000.00

1,051,570,282.31

1,067,962,397.59

Page 8 of 21

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

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

Other Related Information

Statement Date:

Excess Cashflow

Excess Yield Maintenance

0.00

Trigger Event

0.00

3 month Rolling Delinquency Rate

0.24

Overcollateralization Amount

Target Overcollateralization

Overcollateralization Increase Amount

$1,756,000.40

16,689,122.81

30,801,167.56

Page 9 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Counterparty

Swap Termination payment payable to the Swap Counterparty

0.00

230,840.74

0.00
0.00

Net Swap payment payable to the Trust

Swap Termination payment payable to the Trust

Page 10 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary

Distribution

Date

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure

REO

Modifications

Specially Serviced

Bankruptcy

# Balance

Delinquency Aging Categories

Special Event Categories (1)

Statement Date:

ABN AMRO Acct: 722944.1

0.87%

0.83%

0.16%

0.17%

0.02%

111,619

0.01%

0.26%

0.21%

0.02%

0.00%

0.16%

0.15%

0.00%

12/27/2005

8,842,112.85

1,840,377.55

2,280,010.37

187,748.86

0.00

1,631,461.04

0.47%

0.52%

0.05%

0.04%

0.00%

0.14%

0.11%

0.00%

0.09%

0.10%

0.00%

11/25/2005

5,617,054.97

434,861.23

1,211,166.07

0.00

1,030,767.83

0.28%

0.20%

0.00%

10/25/2005

2,243,593.48

0.00

0.00%

9/26/2005

0.00

(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category

Page 11 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary

Distribution

Date

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure

REO

Modifications

Specially Serviced

Bankruptcy

# Balance

Delinquency Aging Categories

Special Event Categories (1)

Statement Date:

Group I

ABN AMRO Acct: 722944.1

0.57%

0.62%

0.31%

0.37%

0.04%

111,619

0.03%

0.15%

0.13%

0.00%

0.23%

0.24%

0.00%

12/27/2005

2,575,248.95

1,518,927.19

557,613.66

0.00

978,173.55

0.57%

0.64%

0.04%

0.02%

0.00%

0.08%

0.07%

0.00%

0.15%

0.18%

0.00%

11/25/2005

2,691,571.21

99,767.75

311,619.12

0.00

765,944.21

0.19%

0.15%

0.00%

10/25/2005

631,942.75

0.00

0.00%

9/26/2005

0.00

(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category

Page 12 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary

Distribution

Date

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure

REO

Modifications

Specially Serviced

Bankruptcy

# Balance

Delinquency Aging Categories

Special Event Categories (1)

Statement Date:

Group II

ABN AMRO Acct: 722944.1

1.07%

0.96%

0.06%

0.05%

0.00%

0.33%

0.26%

0.03%

0.00%

0.11%

0.10%

0.00%

12/27/2005

6,266,863.90

321,450.36

1,722,396.71

187,748.86

0.00

653,287.49

0.41%

0.44%

0.05%

0.00%

0.19%

0.14%

0.00%

0.05%

0.04%

0.00%

11/25/2005

2,925,483.76

335,093.48

899,546.95

0.00

264,823.62

0.35%

0.24%

0.00%

10/25/2005

1,611,650.73

0.00

0.00%

9/26/2005

0.00

(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category

Page 13 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

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

Statement Date:

Amort

ABN AMRO Acct: 722944.1

Series 2005-3

27-Dec-05

6,238

96.21%

1,068,259,405

95.38%

1.28%

0.00%

350

362

7.10%

6.60%

301,297

13,831,724

25-Nov-05

6,319

97.46%

1,082,895,520

96.68%

1.06%

1.20%

0.00%

351

363

7.11%

6.61%

283,822

13,169,192

25-Oct-05

6,387

98.50%

1,096,898,932

97.93%

0.98%

1.22%

0.00%

352

364

7.11%

6.61%

243,878

13,512,785

26-Sep-05

6,450

99.48%

1,111,224,964

99.21%

0.52%

0.72%

0.00%

353

365

7.11%

6.61%

88,933

8,011,574

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

Page 14 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

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

Statement Date:

Group I

Amort

ABN AMRO Acct: 722944.1

Series 2005-3

27-Dec-05

2,609

40.24%

414,574,842

37.01%

1.17%

1.24%

0.00%

350

361

7.13%

6.63%

127,611

5,211,469

25-Nov-05

2,640

40.72%

420,102,215

37.51%

1.12%

1.35%

0.00%

351

362

7.13%

6.63%

147,427

5,751,486

25-Oct-05

2,670

41.18%

426,187,362

38.05%

0.71%

0.79%

0.00%

352

363

7.13%

6.63%

92,658

3,390,101

26-Sep-05

2,689

41.47%

429,910,575

38.38%

0.52%

0.59%

0.00%

353

364

7.13%

6.63%

60,100

2,568,373

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

Page 15 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

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

Statement Date:

Group II

Amort

ABN AMRO Acct: 722944.1

Series 2005-3

27-Dec-05

3,629

55.97%

653,684,563

58.36%

1.36%

1.30%

0.00%

350

363

7.09%

6.59%

173,686

8,620,255

25-Nov-05

3,679

56.74%

662,793,305

59.18%

1.02%

1.11%

0.00%

351

363

7.09%

6.59%

136,395

7,417,706

25-Oct-05

3,717

57.33%

670,711,570

59.88%

1.17%

1.49%

0.00%

352

365

7.09%

6.59%

151,221

10,122,684

26-Sep-05

3,761

58.00%

681,314,389

60.83%

0.53%

0.79%

0.00%

353

366

7.10%

6.60%

28,833

5,443,201

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

Page 16 of 21

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

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 17 of 21

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

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

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:

Group I

Current Total

Cumulative

Page 18 of 21

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

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

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:

Group II

Current Total

Cumulative

Page 19 of 21

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

Accredited Mortgage Loan Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Notes

Series 2005-3

ABN AMRO Acct: 722944.1

Repurchased Loan Detail

Period

Statement Date:

Loan #

Net Sales

Proceeds

Deal

Advances

Deal Advanced

Gross Interest

Net Liquidation

Proceeds

Liquidated
Principal *

Loss to

Trust

Percentage
Recovered

Current Total
Cumulative

Page 20 of 21

Accredited Mortgage Loan Trust

Substitution Detail History

ABN AMRO Acct: 722944.1

Series 2005-3

Asset-Backed Notes

23-Dec-05

25-Jan-06

25-Nov-05

27-Dec-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Property ID

Deleted Loan

Qualified Substitute

Scheduled Prin Bal

Per Section 7.01(a)(i) of the Property Management and Lease Servicing Agreement, aggregate Appraised Value of the Qualified Substitute Mortgaged Properties acquired by the Issuer since the Closing Date
in connection with the substitution or exchange pursuant to Section 7.01 is not to exceed 25% of the aggregate Initial Appraised Value of the Mortgaged Properties.

(A)

Page 21 of 21

Original Property

Accredited Mortgage Loan Trust 2005-3 8-K