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

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-HE3 Asset-Backed Certificates, Series 2005-HE3, 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 5.06 of the Pooling and Servicing Agreement 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 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: January 3, 2006

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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:
Christopher Lewis 312.904.7992
christopher.lewis@abnamro.com

Analyst:
Brian Scheff 714.259.6278
brian.scheff@abnamro.com

Statement Date:

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

Statements to Certificateholders
Cash Reconciliation Summary
Shortfall Summary Report
Bond Interest Reconciliation

Bond Principal Reconciliation

Rating Information
Swap Summary Report

Asset-Backed Facts - End of Month Scheduled Balances
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I
Asset-Backed Facts ~ 15 Month Loan Status Summary Part II

Page 2-3
Page 4-16
Page 17
Page 18

Page 19

Page 20
Page 21

Page 22-25
Page 26-38

Page 39-51

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

Realized Loss Detail

Page 52-64

Page 65

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE3

BS005HE3_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

31-Mar-05
25-Apr-05

26-Mar-35

Parties to The Transaction

Issuer: 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 65

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:

7.251457%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

343

Bond Payments

Statement Date:

ABN AMRO Acct: 722497.2

504.309165104

64.761458468

0.000000000

439.547706636

1.915814489

4.4587500000%

0.00

0.000000000

4.2737500000%

0.000000000

073879RP5

I-A-1

126,914,000.00

8,219,135.74

0.00

55,784,757.64

243,143.68

64,003,893.38

1000.000000000

0.000000000

1000.000000000

3.896666610

4.5687500000%

0.00

0.000000000

4.3837500000%

0.000000000

073879RQ3

I-A-2

59,306,000.00

0.00

59,306,000.00

231,095.71

59,306,000.00

1000.000000000

0.000000000

1000.000000000

3.994444360

4.6787500000%

0.00

0.000000000

4.4937500000%

0.000000000

073879RR1

I-A-3

13,183,000.00

0.00

13,183,000.00

52,658.76

13,183,000.00

761.299527579

28.649837890

0.000000000

732.649689690

2.993598880

4.6087500000%

0.00

0.000000000

4.4237500000%

0.000000000

073879RS9

II-A-1

58,232,000.00

1,668,337.36

0.00

42,663,656.73

174,323.25

44,331,994.09

761.299528095

28.649837890

0.000000000

732.649690205

3.027434400

4.6587500000%

0.00

0.000000000

4.4737500000%

0.000000000

073879RT7

II-A-2

14,558,000.00

417,084.34

0.00

10,665,914.19

44,073.39

11,082,998.53

712.439469973

38.175330200

0.000000000

674.264139772

2.801470334

4.6087500000%

0.00

0.000000000

4.4237500000%

0.000000000

073879RU4

III-A-1

215,536,000.00

8,228,157.97

0.00

145,328,195.63

603,817.71

153,556,353.60

712.439469973

38.175330154

0.000000000

674.264139819

2.833134326

4.6587500000%

0.00

0.000000000

4.4737500000%

0.000000000

073879RV2

III-A-2

53,884,000.00

2,057,039.49

0.00

36,332,048.91

152,660.61

38,389,088.40

1000.000000000

0.000000000

1000.000000000

4.110000000

4.8087500000%

0.00

0.000000000

4.6237500000%

0.000000000

073879RW0

M-1

52,098,000.00

0.00

52,098,000.00

214,122.78

52,098,000.00

1000.000000000

0.000000000

1000.000000000

4.332222251

5.0587500000%

0.00

0.000000000

4.8737500000%

0.000000000

073879RX8

M-2

38,812,000.00

0.00

38,812,000.00

168,142.21

38,812,000.00

1000.000000000

0.000000000

1000.000000000

4.403333061

5.1387500000%

0.00

0.000000000

4.9537500000%

0.000000000

073879RY6

M-3

12,238,000.00

0.00

12,238,000.00

53,887.99

12,238,000.00

1000.000000000

0.000000000

1000.000000000

4.838888465

5.6287500000%

0.00

0.000000000

5.4437500000%

0.000000000

073879RZ3

M-4

10,490,000.00

0.00

10,490,000.00

50,759.94

10,490,000.00

1000.000000000

0.000000000

1000.000000000

4.981110582

5.7887500000%

0.00

0.000000000

5.6037500000%

0.000000000

073879SA7

M-5

8,392,000.00

0.00

8,392,000.00

41,801.48

8,392,000.00

1000.000000000

0.000000000

1000.000000000

5.416666667

6.2787500000%

0.00

0.000000000

6.0937500000%

0.000000000

073879SB5

M-6

6,993,000.00

0.00

6,993,000.00

37,878.75

6,993,000.00

1000.000000000

0.000000000

1000.000000000

6.394443915

7.3787500000%

0.00

4,863.56

0.772729584

6.3244281461%

0.000000000

073879SC3

M-7

6,294,000.00

0.00

6,294,000.00

40,246.63

6,294,000.00

1000.000000000

0.000000000

1000.000000000

6.394444444

7.3787500000%

0.00

5,403.70

0.772729873

6.3244281461%

0.000000000

073879SD1

M-8

6,993,000.00

0.00

6,993,000.00

44,716.35

6,993,000.00

1000.000013000

0.000000000

1000.000013000

70.406745260

0.00

181,817.08

11.818086375

N/A

0.000000000

073879SE9

15,384,646.40

0.00

15,384,646.60

1,083,182.88

15,384,646.60

1000.000000000

0.000000000

1000.000000000

4202473.000000000

0.00

420,247.30

4202473.000000000

N/A

0.000000000

073879SF6

100.00

0.00

100.00

420,247.30

100.00

Page 2 of 65

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:

7.251457%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

343

REMIC VI

Statement Date:

ABN AMRO Acct: 722497.2

0.000000000

0.00

0.000000000

N/A

0.000000000

073879SG4

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879SH2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879SJ8

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSV0770

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSV0788

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879SK5

0.00

Total P&I Payment

0.00

612,331.64

699,307,746.40

541,548,074.60

24,246,514.32

Total

520,958,319.70

20,589,754.90

0.00

3,656,759.42

Page 3 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

3,462,376.72

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

298,333.65

)

(154,298.46

20,317,358.37

103,377.33

0.00
0.00

24,029,584.58

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

541,547,974.60

298,333.65

20,163,059.91

0.00

133,979.47

0.00

520,958,219.69

3,344

1
0

3,245

205,594.30

Extra Principal

Trigger Event

24,984.02

20,589,754.91

Overcollateralization Amt

15,359,662.58

Less Extra Principal

Remittance Interest

)

(24,984.02

3,437,392.70

0.00

20,291,421.26

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,436.97

3,464,813.69

Total Fees

208,031.27

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

2,436.97

LPMI Fees

0.00

Current Prepayment Charges

420,247.30

Cumulative Prepayment Charges

420,247.30

Page 4 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

84,722.71

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

13,549.41

371.13

457,313.94

0.00
0.00
0.00

556,024.77

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

15,019,621.66

13,549.41

457,685.07

0.00
0.00
0.00

14,548,387.18

0
0

6,180.78

Trigger Event

471,234.48

Overcollateralization Amt

15,359,662.58

Remittance Interest

84,722.71

0.00

457,685.07

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(67.59

84,790.29

Total Fees

6,248.37

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

67.59

LPMI Fees

0.00

Current Prepayment Charges

2,211.34

Cumulative Prepayment Charges

2,211.34

Page 5 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

935,896.41

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

66,361.54

3,662.93

5,770,531.20

0.00
0.00
0.00

6,777,114.56

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

147,217,195.83

66,361.54

5,774,194.13

0.00
0.00
0.00

141,376,640.16

641

0
0

621

55,860.53

Trigger Event

5,840,555.67

Overcollateralization Amt

15,359,662.58

Remittance Interest

935,896.41

0.00

5,774,194.13

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(662.48

936,558.89

Total Fees

56,523.01

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

662.48

LPMI Fees

0.00

Current Prepayment Charges

133,733.82

Cumulative Prepayment Charges

133,733.82

Page 6 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

136,601.50

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

9,843.79

357.87

1,175,555.69

0.00
0.00
0.00

1,322,448.92

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

20,016,180.42

9,843.79

1,175,913.56

0.00
0.00
0.00

18,830,423.07

0
0

6,868.60

Trigger Event

1,185,757.35

Overcollateralization Amt

15,359,662.58

Remittance Interest

136,601.50

0.00

1,175,913.56

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(90.07

136,691.57

Total Fees

6,958.67

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

90.07

LPMI Fees

0.00

Current Prepayment Charges

31,565.83

Cumulative Prepayment Charges

31,565.83

Page 7 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

109,591.99

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

5,915.07

219.60

705,480.31

0.00
0.00
0.00

821,262.38

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

12,313,188.48

5,915.07

705,699.91

0.00
0.00
0.00

11,601,573.50

168

0
0

159

4,174.51

Trigger Event

711,614.98

Overcollateralization Amt

15,359,662.58

Remittance Interest

109,591.99

0.00

705,699.91

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(55.41

109,647.40

Total Fees

4,229.92

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

55.41

LPMI Fees

0.00

Current Prepayment Charges

10,514.32

Cumulative Prepayment Charges

10,514.32

Page 8 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

62,720.48

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

9,559.91

961.36

0.00
0.00
0.00
0.00

73,289.75

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

10,665,103.85

9,559.91

961.36

0.00
0.00
0.00

10,654,582.58

0
0

4,443.79

Trigger Event

10,521.27

Overcollateralization Amt

15,359,662.58

Remittance Interest

62,720.48

0.00

961.36

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(47.99

62,768.48

Total Fees

4,491.79

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

47.99

LPMI Fees

0.00

Current Prepayment Charges

0.00

Cumulative Prepayment Charges

0.00

Page 9 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

349,752.02

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

35,397.16

1,682.10

1,863,842.95

103,377.33

0.00
0.00

2,354,310.77

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

57,601,834.72

35,397.16

1,865,525.05

0.00

133,979.47

0.00

55,566,933.06

349

1
0

338

22,757.24

Trigger Event

2,004,299.54

Overcollateralization Amt

15,359,662.58

Remittance Interest

349,752.02

0.00

1,968,902.38

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(259.21

350,011.23

Total Fees

23,016.45

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

259.21

LPMI Fees

0.00

Current Prepayment Charges

40,651.40

Cumulative Prepayment Charges

40,651.40

Page 10 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

18,818.22

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

1,792.45

20.43

0.00
0.00
0.00
0.00

20,646.48

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

3,417,350.72

1,792.45

20.43

0.00
0.00
0.00

3,415,537.84

0
0

1,423.90

Trigger Event

1,812.88

Overcollateralization Amt

15,359,662.58

Remittance Interest

18,818.22

0.00

20.43

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(15.38

18,833.60

Total Fees

1,439.27

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

15.38

LPMI Fees

0.00

Current Prepayment Charges

0.00

Cumulative Prepayment Charges

0.00

Page 11 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

42,048.64

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

2,390.43

149.44

63,717.65

0.00
0.00
0.00

108,328.49

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

4,963,504.25

2,390.43

63,867.09

0.00
0.00
0.00

4,897,246.73

129

0
0

127

1,893.96

Trigger Event

66,257.52

Overcollateralization Amt

15,359,662.58

Remittance Interest

42,048.64

0.00

63,867.09

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(22.34

42,070.97

Total Fees

1,916.30

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

22.34

LPMI Fees

0.00

Current Prepayment Charges

1,504.18

Cumulative Prepayment Charges

1,504.18

Page 12 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary Group III Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

280,721.39

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

37,668.28

2,406.47

1,116,234.50

0.00
0.00
0.00

1,437,222.86

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

42,714,282.96

37,668.28

1,118,640.97

0.00
0.00
0.00

41,557,973.71

324

0
0

319

17,095.00

Trigger Event

1,156,309.25

Overcollateralization Amt

15,359,662.58

Remittance Interest

280,721.39

0.00

1,118,640.97

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(192.21

280,913.61

Total Fees

17,287.21

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

192.21

LPMI Fees

0.00

Current Prepayment Charges

29,962.27

Cumulative Prepayment Charges

29,962.27

Page 13 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

1,250,449.92

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

97,894.02

)

(165,205.03

8,748,906.68

0.00
0.00
0.00

9,932,926.98

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

195,862,937.59

97,894.02

8,583,701.65

0.00
0.00
0.00

187,186,960.02

1,196

0
0

1,153

72,802.09

Trigger Event

8,681,595.67

Overcollateralization Amt

15,359,662.58

Remittance Interest

1,250,449.92

0.00

8,583,701.65

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(881.38

1,251,331.31

Total Fees

73,683.47

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

881.38

LPMI Fees

0.00

Current Prepayment Charges

159,386.95

Cumulative Prepayment Charges

159,386.95

Page 14 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

162,808.43

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

15,800.40

825.65

288,153.30

0.00
0.00
0.00

467,715.17

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

28,309,451.43

15,800.40

288,978.95

0.00
0.00
0.00

28,004,672.08

171

0
0

170

10,895.13

Trigger Event

304,779.35

Overcollateralization Amt

15,359,662.58

Remittance Interest

162,808.43

0.00

288,978.95

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(127.39

162,935.82

Total Fees

11,022.52

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

127.39

LPMI Fees

0.00

Current Prepayment Charges

8,630.75

Cumulative Prepayment Charges

8,630.75

Page 15 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Statement Date:

Cash Reconciliation Summary Group III Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

30,543.37

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

2,161.19

249.59

127,622.15

0.00
0.00
0.00

160,591.81

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

3,447,322.69

2,161.19

127,871.74

0.00
0.00
0.00

3,317,289.76

0
0

1,198.78

Trigger Event

130,032.93

Overcollateralization Amt

15,359,662.58

Remittance Interest

30,543.37

0.00

127,871.74

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(15.51

30,558.88

Total Fees

1,214.29

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

6.38

0.00

15.51

LPMI Fees

0.00

Current Prepayment Charges

2,086.44

Cumulative Prepayment Charges

2,086.44

Page 16 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Interest Adjustments Summary

Statement
Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

2,298.36

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

2,298.36

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

420,247.30

420,247.30

Total Excess Allocated to the Bonds

417,948.94

)

(2,298.36

Aggregate Interest Adjustment Allocated to the Bonds

0.00

420,247.30

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 17 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Int ere st

Proceeds

Other

Int ere st

Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/ N

Distributable

Certificate

Int ere st

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

243,143.68

Act/360

0.00

243,143.68

0.00

I-A-1

0.00

231,095.71

Act/360

0.00

231,095.71

0.00

I-A-2

0.00

52,658.76

Act/360

0.00

52,658.76

0.00

I-A-3

0.00

174,323.25

Act/360

0.00

174,323.25

0.00

II-A-1

0.00

44,073.39

Act/360

0.00

44,073.39

0.00

II-A-2

0.00

603,817.71

Act/360

0.00

603,817.71

0.00

III-A-1

0.00

152,660.61

Act/360

0.00

152,660.61

0.00

III-A-2

0.00

214,122.78

Act/360

0.00

214,122.78

0.00

M-1

0.00

168,142.21

Act/360

0.00

168,142.21

0.00

M-2

0.00

53,887.99

Act/360

0.00

53,887.99

0.00

M-3

0.00

50,759.94

Act/360

0.00

50,759.94

0.00

M-4

0.00

41,801.48

Act/360

0.00

41,801.48

0.00

M-5

0.00

37,878.75

Act/360

0.00

37,878.75

0.00

M-6

0.00

40,246.64

40,246.63

Act/360

0.00

35,383.07

0.00

Yes

M-7

4,863.57

0.00

44,716.35

Act/360

0.00

39,312.65

0.00

Yes

M-8

5,403.70

0.00

1,083,182.88

0.00

901,365.80

0.00

181,817.08

0.00

420,247.30

0.00

192,084.35

0.00

3,044,427.78

3,656,759.43

3,656,759.42

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 18 of 65

(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:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

3/26/2035

55,784,757.64

0.00

64,003,893.38

126,914,000.00

95,669.81

0.00

9,973.26

8,113,492.67

I-A-2

3/26/2035

59,306,000.00

0.00

59,306,000.00

0.00

I-A-3

3/26/2035

13,183,000.00

0.00

13,183,000.00

0.00

II-A-1

3/26/2035

42,663,656.73

0.00

44,331,994.09

58,232,000.00

39,311.96

0.00

2,024.39

1,627,001.01

II-A-2

3/26/2035

10,665,914.19

0.00

11,082,998.53

14,558,000.00

9,827.99

0.00

506.10

406,750.25

III-A-1

3/26/2035

145,328,195.63

0.00

153,556,353.60

215,536,000.00

122,819.11

0.00

9,984.21

8,095,354.65

III-A-2

3/26/2035

36,332,048.91

0.00

38,389,088.40

53,884,000.00

30,704.78

0.00

2,496.05

2,023,838.66

M-1

3/26/2035

52,098,000.00

0.00

52,098,000.00

0.00

M-2

3/26/2035

38,812,000.00

0.00

38,812,000.00

0.00

M-3

3/26/2035

12,238,000.00

0.00

12,238,000.00

0.00

M-4

3/26/2035

10,490,000.00

0.00

10,490,000.00

0.00

M-5

3/26/2035

8,392,000.00

0.00

8,392,000.00

0.00

M-6

3/26/2035

6,993,000.00

0.00

6,993,000.00

0.00

M-7

3/26/2035

6,294,000.00

0.00

6,294,000.00

0.00

M-8

3/26/2035

6,993,000.00

0.00

6,993,000.00

0.00

3/26/2035

15,384,646.60

0.00

15,384,646.60

15,384,646.40

0.00

3/26/2035

100.00

0.00

100.00

0.00

298,333.65

0.00

20,266,437.23

24,984.02

699,307,746.40

520,958,319.70

541,548,074.60

Page 19 of 65

(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:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

I-A-1

073879RP5

Aaa

AAA

I-A-2

073879RQ3

Aaa

AAA

I-A-3

073879RR1

Aaa

AAA

II-A-1

073879RS9

Aaa

AAA

II-A-2

073879RT7

Aaa

AAA

III-A-1

073879RU4

Aaa

AAA

III-A-2

073879RV2

Aaa

AAA

M-1

073879RW0

Aa2

M-2

073879RX8

M-3

073879RY6

A-

M-4

073879RZ3

Ba1

BBB+

Baa1

5/31/05

M-5

073879SA7

Ba2

BBB

Baa2

5/31/05

M-6

073879SB5

Baa3

BBB-

M-7

073879SC3

Ba1

5/31/05

BB+

4/1/05

M-8

073879SD1

Ba2

5/31/05

4/1/05

073879SE9

5/31/05

4/1/05

073879SF6

5/31/05

4/1/05

Page 20 of 65

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to

LaSalle within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not
being updated on this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

219,366.73

0.00

Page 21 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Group 1

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

165,225,304.46

0.00

87.3076

0.0000

828

84.9231

9,269,358.58

0.00

4.8981

0.0000

4.4103

3,540,142.98

0.00

1.8707

0.0000

2.6667

4,758,222.53

0.00

2.5143

0.0000

90+

2.8718

158,913.05

0.00

0.0840

0.0000

BKY0

0.1026

547,871.23

0.00

0.2895

0.0000

BKY90+

0.5128

5,226,852.11

0.00

2.7619

0.0000

F/C90+

2.3590

0.00

0.0000

PIF

2.0513

518,388.36

0.00

0.2739

0.0000

REO90+

0.1026

Total:

975

189,245,053.30

0.00

100.0000

0.0000

0.00

DLQ Total:

126

23,860,835.79

0.00

12.9231%

12.6084

0.0000%

Page 22 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Group 2

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

66,664,693.47

0.00

88.2754

0.0000

512

86.9270

1,955,768.36

0.00

2.5898

0.0000

2.7165

1,189,398.96

0.00

1.5750

0.0000

1.3582

506,087.71

0.00

0.6701

0.0000

90+

1.1885

325,713.18

0.00

0.4313

0.0000

BKY0

0.3396

274,255.43

0.00

0.3632

0.0000

BKY30

0.1698

469,955.09

0.00

0.6223

0.0000

BKY60

0.3396

817,276.47

0.00

1.0822

0.0000

BKY90+

1.5280

2,679,985.19

0.00

3.5488

0.0000

F/C90+

3.3956

0.00

0.0000

PIF

1.3582

635,870.57

0.00

0.8420

0.0000

REO90+

0.6791

Total:

589

75,519,004.43

0.00

100.0000

0.0000

0.00

DLQ Total:

8,528,597.78

0.00

11.3752%

11.2933

0.0000%

Page 23 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Group 3

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

236,801,828.33

0.00

89.6263

0.0000

1,533

86.1236

10,081,441.13

0.00

3.8157

0.0000

4.2697

5,480,166.40

0.00

2.0742

0.0000

2.4719

4,638,815.14

0.00

1.7557

0.0000

90+

1.9101

1,664,540.45

0.00

0.6300

0.0000

BKY0

0.7303

513,926.95

0.00

0.1945

0.0000

BKY30

0.1685

147,666.16

0.00

0.0559

0.0000

BKY60

0.0562

1,423,577.78

0.00

0.5388

0.0000

BKY90+

0.8427

3,412,806.80

0.00

1.2917

0.0000

F/C90+

1.5730

0.00

0.0000

PIF

1.7978

45,562.38

0.00

0.0172

0.0000

REO90+

0.0562

Total:

1,780

264,210,331.52

0.00

100.0000

0.0000

0.00

DLQ Total:

202

25,743,962.74

0.00

11.3483%

9.7437%

0.0000%

Page 24 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Total

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

468,691,826.26

0.00

88.6039

0.0000

2,873

85.9151

21,306,568.07

0.00

4.0279

0.0000

135

4.0371

10,209,708.34

0.00

1.9301

0.0000

2.3325

9,903,125.38

0.00

1.8721

0.0000

90+

2.0634

2,149,166.68

0.00

0.4063

0.0000

BKY0

0.4785

788,182.38

0.00

0.1490

0.0000

BKY30

0.1196

617,621.25

0.00

0.1168

0.0000

BKY60

0.0897

2,788,725.48

0.00

0.5272

0.0000

BKY90+

0.8672

11,319,644.10

0.00

2.1399

0.0000

F/C90+

2.1232

0.00

0.0000

PIF

1.7943

1,199,821.31

0.00

0.2268

0.0000

REO90+

0.1794

Total:

3,344

528,974,389.25

0.00

100.0000

0.0000

0.00

DLQ Total:

395

58,133,396.31

0.00

11.8122%

10.9898

0.0000%

Page 25 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

4.16%

4.13%

2.47%

2.03%

3.02%

12,691,851

2.44%

2.19%

2.17%

0.18%

0.23%

27-Dec-05

135

21,527,252

10,578,476

11,319,644

1,199,821

2,855

463,641,176

87.98%

89.00%

3.92%

3.74%

2.09%

1.94%

2.36%

10,802,697

1.99%

1.88%

1.76%

0.18%

0.21%

25-Nov-05

131

20,278,737

10,528,895

9,520,706

1,123,824

2,995

489,293,116

89.56%

90.35%

3.80%

3.21%

2.03%

1.84%

1.86%

9,655,783

1.71%

1.42%

1.33%

0.17%

0.20%

25-Oct-05

131

18,096,905

10,358,813

7,481,709

1,124,318

3,128

517,525,778

90.72%

91.72%

3.68%

3.40%

1.77%

1.51%

1.32%

6,931,382

1.18%

1.07%

1.06%

0.08%

0.10%

26-Sep-05

131

19,916,844

8,848,949

6,196,515

596,375

3,275

543,407,130

92.07%

92.75%

3.39%

2.88%

1.65%

1.58%

0.92%

3,814,510

0.62%

0.87%

1.00%

0.00%

25-Aug-05

125

17,594,388

9,662,141

6,101,871

3,434

574,198,115

93.16%

93.92%

3.34%

2.94%

0.95%

0.79%

0.45%

2,042,785

0.32%

0.76%

0.96%

0.00%

25-Jul-05

127

18,723,603

5,057,607

6,127,162

3,592

605,008,893

94.50%

94.98%

2.39%

2.20%

1.18%

1.06%

0.15%

1,122,158

0.17%

0.15%

0.23%

0.00%

27-Jun-05

14,462,945

6,960,755

1,506,414

3,747

633,237,429

96.13%

96.34%

2.20%

2.15%

0.45%

0.51%

0.10%

359,606

0.05%

0.00%

25-May-05

14,540,135

3,464,248

3,882

658,808,015

97.24%

97.29%

1.06%

1.20%

0.00%

0.02%

57,673

0.01%

0.00%

25-Apr-05

8,250,780

4,007

681,248,749

98.91%

98.80%

Page 26 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

4.82%

5.20%

3.61%

1.57%

2.41%

485,117

3.33%

1.20%

0.33%

1.20%

3.56%

27-Dec-05

756,018

227,752

48,339

518,388

12,512,773

86.75%

86.01%

4.71%

2.09%

2.35%

2.33%

2.35%

417,041

2.78%

2.35%

3.78%

0.00%

25-Nov-05

314,244

350,591

567,093

13,370,652

88.24%

89.02%

2.27%

3.44%

2.27%

1.68%

2.27%

417,421

2.60%

1.14%

3.23%

0.00%

25-Oct-05

552,790

270,212

519,066

14,321,458

92.05%

89.06%

3.33%

2.10%

2.22%

1.16%

1.11%

357,295

2.19%

1.11%

3.19%

0.00%

26-Sep-05

342,905

189,672

519,401

14,896,955

92.22%

91.36%

2.17%

0.80%

3.26%

3.22%

0.00%

1.09%

3.13%

0.00%

25-Aug-05

133,049

535,349

519,734

15,440,150

93.48%

92.85%

3.09%

3.07%

1.03%

0.71%

0.00%

1.03%

2.87%

0.00%

25-Jul-05

556,683

129,366

520,065

16,934,906

94.85%

93.35%

1.98%

0.94%

0.00%

0.99%

520,393

2.74%

0.00%

27-Jun-05

177,956

18,308,452

97.03%

96.33%

2.94%

3.63%

0.98%

2.66%

0.00%

25-May-05

708,526

520,719

18,316,290

96.08%

93.71%

0.98%

2.66%

0.00%

25-Apr-05

521,043

101

19,042,314

99.02%

97.34%

Page 27 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

4.99%

5.63%

3.38%

2.25%

3.54%

3,291,985

2.33%

2.74%

3.31%

0.00%

27-Dec-05

7,952,557

3,186,451

4,674,172

530

122,271,476

85.35%

86.49%

5.30%

5.03%

3.43%

2.20%

2.18%

3,890,452

2.64%

1.72%

1.74%

0.16%

0.26%

25-Nov-05

7,407,878

3,234,344

2,568,867

380,281

559

129,735,375

87.21%

88.13%

4.95%

4.02%

2.70%

2.37%

2.25%

3,899,348

2.54%

1.20%

1.41%

0.15%

0.25%

25-Oct-05

6,177,653

3,645,697

2,164,619

380,510

592

137,390,629

88.76%

89.41%

4.61%

4.02%

2.16%

1.83%

1.44%

2,721,373

1.68%

0.86%

1.04%

0.00%

26-Sep-05

6,508,603

2,959,310

1,679,368

631

147,961,007

90.92%

91.43%

4.63%

3.65%

1.40%

1.88%

0.42%

829,348

0.49%

1.12%

1.37%

0.00%

25-Aug-05

6,142,163

3,158,920

2,306,646

658

155,915,023

92.42%

92.61%

3.11%

2.40%

0.95%

1.25%

0.41%

878,501

0.50%

0.95%

1.19%

0.00%

25-Jul-05

4,219,956

2,204,884

2,102,320

699

166,708,665

94.59%

94.66%

2.50%

2.75%

1.32%

1.38%

0.26%

386,640

0.21%

0.26%

0.36%

0.00%

27-Jun-05

4,997,392

2,509,995

645,172

726

173,027,333

95.65%

95.30%

2.19%

2.06%

0.51%

0.44%

0.00%

25-May-05

3,831,683

826,207

756

181,160,216

97.30%

97.49%

1.64%

1.54%

0.00%

25-Apr-05

2,936,916

779

187,721,173

98.36%

98.46%

Page 28 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

3.85%

0.96%

2.56%

0.67%

5.13%

1,048,096

5.57%

3.85%

1.94%

0.00%

27-Dec-05

179,945

125,940

365,302

17,111,141

84.62%

90.87%

2.47%

0.81%

4.94%

4.55%

3.70%

476,231

2.38%

1.23%

0.52%

0.00%

25-Nov-05

162,642

910,416

104,000

18,362,891

87.65%

91.74%

5.75%

3.51%

4.60%

3.38%

1.15%

104,000

0.48%

1.15%

1.22%

0.00%

25-Oct-05

761,241

731,514

265,407

19,808,222

87.36%

91.41%

7.95%

5.84%

1.14%

0.48%

1.14%

104,000

0.48%

1.14%

1.21%

0.00%

26-Sep-05

1,279,179

104,795

265,564

20,135,057

88.64%

91.99%

4.26%

3.18%

3.19%

1.99%

1.06%

118,070

0.50%

0.00%

25-Aug-05

758,666

474,577

22,482,235

91.49%

94.33%

4.17%

2.12%

1.04%

1.08%

1.04%

118,154

0.48%

0.00%

25-Jul-05

521,456

265,876

23,681,522

93.75%

96.32%

5.10%

2.96%

1.02%

0.47%

0.00%

27-Jun-05

741,740

118,236

24,171,723

93.88%

96.56%

3.92%

4.47%

0.98%

0.67%

0.00%

25-May-05

1,175,265

175,451

24,958,927

95.10%

94.87%

1.90%

2.47%

0.00%

25-Apr-05

680,013

103

26,803,392

98.10%

97.53%

Page 29 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 2nd Lien

2.52%

2.59%

0.00%

3.14%

480,895

4.15%

1.26%

1.20%

0.00%

27-Dec-05

300,727

139,039

148

10,680,912

93.08%

92.06%

0.60%

0.65%

1.19%

1.09%

4.17%

660,004

5.36%

0.60%

0.81%

0.00%

25-Nov-05

79,679

134,193

99,576

157

11,339,737

93.45%

92.09%

1.73%

1.78%

2.31%

2.68%

3.47%

554,922

4.37%

0.00%

25-Oct-05

225,924

340,526

160

11,578,356

92.49%

91.17%

2.22%

2.57%

1.11%

0.92%

4.44%

651,860

4.93%

0.00%

26-Sep-05

340,679

122,249

166

12,118,470

92.22%

91.58%

1.57%

1.52%

0.52%

1.06%

3.66%

502,613

3.56%

0.00%

25-Aug-05

214,217

149,593

180

13,245,114

94.24%

93.86%

0.49%

0.97%

2.44%

1.70%

1.46%

288,552

1.88%

0.00%

25-Jul-05

149,662

261,121

196

14,661,307

95.61%

95.45%

2.86%

2.33%

2.38%

2.88%

0.00%

27-Jun-05

366,924

453,104

199

14,900,531

94.76%

94.78%

2.83%

3.38%

0.00%

25-May-05

535,145

206

15,312,921

97.17%

96.62%

0.00%

25-Apr-05

217

16,258,731

100.00%

Page 30 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

1.12%

0.81%

2.25%

2.96%

1.12%

89,361

0.84%

0.00%

1.12%

1.43%

27-Dec-05

86,488

315,608

151,840

10,011,286

94.38%

93.96%

4.49%

4.31%

1.12%

0.84%

0.00%

1.12%

1.42%

0.00%

25-Nov-05

460,191

89,427

151,944

9,963,542

93.26%

93.42%

3.30%

2.69%

0.00%

1.10%

140,722

1.26%

1.10%

1.36%

0.00%

25-Oct-05

300,731

152,048

10,568,038

94.51%

94.68%

0.00%

1.09%

1.25%

0.00%

1.09%

1.35%

0.00%

26-Sep-05

140,822

152,151

10,988,078

97.83%

97.40%

2.17%

2.02%

2.17%

1.96%

0.00%

25-Aug-05

227,694

221,693

10,842,846

95.65%

96.02%

2.17%

2.60%

0.00%

25-Jul-05

293,375

11,009,635

97.83%

97.40%

2.13%

1.77%

0.00%

27-Jun-05

210,817

11,710,439

97.87%

98.23%

0.00%

1.03%

1.20%

0.00%

25-May-05

149,051

12,232,179

98.97%

98.80%

1.03%

1.20%

0.00%

25-Apr-05

149,159

12,243,837

98.97%

98.80%

Page 31 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

2.96%

3.21%

2.07%

2.34%

4.14%

1,197,428

2.15%

5.62%

4.40%

0.89%

0.87%

27-Dec-05

1,784,031

1,299,309

2,444,680

484,031

285

48,357,454

84.32%

87.03%

3.72%

3.76%

1.43%

1.18%

3.72%

874,166

1.52%

4.87%

4.31%

0.86%

0.84%

25-Nov-05

2,164,581

680,052

2,482,066

484,127

298

50,916,841

85.39%

88.39%

3.06%

2.21%

1.39%

1.07%

2.50%

953,829

1.59%

5.00%

3.68%

0.83%

0.81%

25-Oct-05

1,326,478

643,705

2,215,604

484,223

314

54,517,865

87.22%

90.65%

2.97%

2.49%

1.89%

1.38%

1.62%

541,031

0.86%

4.05%

3.49%

0.54%

0.64%

26-Sep-05

1,562,770

862,767

2,188,632

398,313

329

57,122,723

88.92%

91.14%

3.66%

2.50%

2.09%

1.14%

2.35%

994,187

1.54%

2.61%

2.80%

0.00%

25-Aug-05

1,611,701

734,668

1,806,245

342

59,437,603

89.30%

92.03%

5.12%

3.74%

2.30%

1.54%

1.02%

400,500

0.60%

2.05%

2.52%

0.00%

25-Jul-05

2,477,847

1,020,199

1,670,245

350

60,736,550

89.51%

91.60%

2.53%

2.09%

2.78%

2.43%

0.00%

0.51%

0.74%

0.00%

27-Jun-05

1,398,476

1,624,884

494,846

372

63,419,582

94.18%

94.74%

3.44%

3.19%

0.49%

0.71%

0.00%

25-May-05

2,226,209

495,079

391

67,068,219

96.07%

96.10%

0.49%

0.71%

0.00%

25-Apr-05

495,311

406

69,503,003

99.51%

99.29%

Page 32 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

0.00%

4.55%

6.89%

0.00%

27-Dec-05

235,305

3,180,233

95.45%

93.11%

0.00%

4.55%

6.89%

0.00%

25-Nov-05

235,431

3,181,920

95.45%

93.11%

0.00%

4.00%

5.49%

0.00%

25-Oct-05

235,556

4,055,342

96.00%

94.51%

0.00%

3.85%

5.19%

0.00%

26-Sep-05

235,681

4,307,600

96.15%

94.81%

0.00%

3.57%

235,804

4.75%

0.00%

25-Aug-05

4,723,870

96.43%

95.25%

0.00%

3.57%

4.75%

0.00%

25-Jul-05

235,926

4,726,101

96.43%

95.25%

3.57%

4.75%

0.00%

27-Jun-05

236,047

4,728,307

96.43%

95.25%

3.57%

4.76%

0.00%

25-May-05

236,168

4,730,555

96.43%

95.24%

0.00%

25-Apr-05

4,969,029

100.00%

Page 33 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 2nd Lien

3.94%

3.58%

0.79%

0.91%

0.79%

36,575

0.75%

0.00%

27-Dec-05

175,110

44,437

120

4,641,125

94.49%

94.77%

0.78%

0.90%

0.78%

0.74%

0.78%

65,727

1.32%

0.00%

25-Nov-05

44,456

36,591

126

4,816,729

97.67%

97.04%

3.03%

2.26%

1.52%

1.43%

0.76%

65,756

1.29%

0.00%

25-Oct-05

115,299

72,895

125

4,851,133

94.70%

95.03%

2.99%

3.05%

0.75%

0.86%

0.75%

65,784

1.27%

0.00%

26-Sep-05

157,977

44,494

128

4,911,175

95.52%

94.82%

0.72%

0.83%

0.00%

1.44%

98,733

1.84%

0.00%

25-Aug-05

44,513

136

5,235,739

97.84%

97.34%

2.14%

2.16%

0.71%

1.21%

0.71%

32,935

0.61%

0.00%

25-Jul-05

117,489

65,839

135

5,210,759

96.43%

96.02%

1.42%

1.78%

0.71%

0.60%

0.00%

27-Jun-05

97,788

32,948

138

5,358,668

97.87%

97.62%

2.11%

2.45%

0.70%

0.97%

0.00%

25-May-05

135,541

53,906

138

5,349,647

97.18%

96.58%

1.39%

1.61%

0.00%

25-Apr-05

90,274

142

5,513,705

98.61%

98.39%

Page 34 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 III Loans - Fixed 1st Lien

3.13%

2.45%

2.82%

2.11%

1.25%

293,149

0.71%

1.25%

1.14%

0.00%

27-Dec-05

1,019,068

875,318

472,779

292

38,897,659

91.54%

93.60%

3.70%

3.80%

0.93%

0.57%

0.93%

404,470

0.95%

1.23%

1.11%

0.00%

25-Nov-05

1,624,095

245,056

473,053

302

39,967,609

93.21%

93.57%

2.11%

1.41%

1.21%

1.11%

0.30%

97,331

0.22%

1.81%

1.42%

0.00%

25-Oct-05

615,273

485,509

623,509

313

41,947,670

94.56%

95.84%

2.07%

1.43%

1.18%

1.09%

0.89%

646,515

1.45%

1.18%

0.60%

0.00%

26-Sep-05

637,892

486,181

268,520

320

42,433,837

94.67%

95.41%

2.31%

1.34%

1.44%

1.89%

0.58%

125,516

0.28%

0.29%

0.07%

0.00%

25-Aug-05

605,838

855,110

32,412

331

43,726,665

95.39%

96.43%

1.42%

1.26%

0.85%

0.22%

0.28%

95,584

0.21%

0.00%

25-Jul-05

584,810

104,301

343

45,631,422

97.44%

98.31%

2.24%

1.88%

0.00%

0.84%

215,124

0.45%

0.00%

27-Jun-05

890,901

346

46,280,789

96.92%

97.67%

0.28%

0.09%

0.28%

0.20%

1.10%

359,606

0.74%

0.00%

25-May-05

43,416

95,705

357

48,221,171

98.35%

98.98%

0.54%

0.30%

0.00%

25-Apr-05

148,600

365

49,127,225

99.46%

99.70%

Page 35 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 III Loans - ARM 228 1st Lien

4.94%

4.27%

2.69%

2.21%

3.56%

5,093,721

2.72%

1.73%

1.34%

0.09%

0.02%

27-Dec-05

7,993,106

4,132,441

2,513,311

45,562

1,003

167,408,819

86.99%

89.43%

4.60%

3.82%

2.42%

2.35%

2.76%

3,621,356

1.85%

1.67%

1.20%

0.17%

0.13%

25-Nov-05

7,484,663

4,593,760

2,352,083

259,416

1,057

177,551,660

88.38%

90.65%

4.73%

3.70%

2.12%

1.77%

2.20%

3,293,471

1.62%

0.90%

0.56%

0.16%

0.13%

25-Oct-05

7,510,838

3,586,670

1,136,636

259,585

1,103

187,150,910

89.89%

92.22%

4.43%

3.95%

2.13%

1.67%

1.19%

1,703,599

0.81%

0.71%

0.42%

0.08%

0.09%

26-Sep-05

8,327,706

3,512,925

887,198

198,063

1,157

196,140,444

91.46%

93.06%

3.73%

2.95%

2.06%

1.46%

0.53%

811,221

0.37%

0.91%

0.65%

0.00%

25-Aug-05

6,503,897

3,226,830

1,436,834

1,217

208,718,565

92.76%

94.57%

4.43%

3.71%

0.52%

0.31%

0.22%

197,150

0.09%

0.89%

0.77%

0.00%

25-Jul-05

8,560,358

712,488

1,766,866

1,272

219,401,071

93.94%

95.13%

2.44%

2.00%

1.22%

0.91%

0.00%

0.07%

0.12%

0.00%

27-Jun-05

4,810,344

2,190,168

298,681

1,344

232,893,172

96.28%

96.96%

2.23%

1.96%

0.28%

0.35%

0.00%

25-May-05

4,868,323

863,250

1,397

242,197,179

97.49%

97.69%

1.10%

1.08%

0.00%

25-Apr-05

2,711,517

1,441

249,509,689

98.90%

98.92%

Page 36 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 III Loans - ARM 327 1st Lien

4.12%

4.11%

1.18%

1.11%

2.35%

675,522

2.41%

2.35%

1.52%

0.00%

27-Dec-05

1,151,293

310,800

426,717

153

25,440,340

90.00%

90.84%

1.75%

1.71%

0.58%

0.90%

1.17%

361,878

1.28%

2.92%

1.72%

0.00%

25-Nov-05

482,800

254,464

486,593

160

26,723,717

93.57%

94.40%

1.69%

1.52%

2.26%

1.88%

0.56%

128,983

0.44%

1.13%

0.58%

0.00%

25-Oct-05

443,293

550,705

169,264

167

27,938,465

94.35%

95.58%

3.30%

2.44%

1.65%

1.43%

1.10%

139,925

0.47%

0.00%

26-Sep-05

727,744

425,735

171

28,578,648

93.96%

95.67%

3.63%

3.90%

1.04%

0.95%

0.52%

67,618

0.21%

0.00%

25-Aug-05

1,252,151

305,402

183

30,491,629

94.82%

94.94%

2.99%

3.71%

0.00%

0.50%

0.20%

0.00%

25-Jul-05

1,241,968

67,667

194

32,204,047

96.52%

96.09%

1.46%

1.38%

0.00%

0.49%

0.20%

0.00%

27-Jun-05

476,930

67,715

202

33,997,235

98.06%

98.42%

1.90%

1.88%

0.95%

0.68%

0.00%

25-May-05

669,277

241,554

205

34,675,153

97.16%

97.44%

1.40%

1.31%

0.00%

25-Apr-05

474,602

211

35,865,133

98.60%

98.69%

Page 37 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 III Loans - Fixed 2nd Lien

3.49%

3.89%

2.33%

1.82%

0.00%

27-Dec-05

128,910

60,420

3,127,959

94.19%

94.29%

2.25%

1.55%

0.00%

1.12%

31,371

0.91%

0.00%

25-Nov-05

53,509

3,362,443

96.63%

97.54%

2.22%

1.93%

1.11%

0.90%

0.00%

25-Oct-05

67,386

31,381

3,397,688

96.67%

97.18%

1.02%

0.82%

0.00%

26-Sep-05

31,390

3,813,136

98.98%

99.18%

1.94%

2.47%

0.00%

0.97%

31,400

0.77%

0.00%

25-Aug-05

100,498

100

3,938,676

97.09%

96.76%

0.00%

0.94%

1.37%

0.94%

31,410

0.75%

0.00%

25-Jul-05

57,607

104

4,102,908

98.11%

97.88%

0.88%

1.27%

0.88%

0.69%

0.00%

27-Jun-05

57,629

31,419

111

4,441,198

98.23%

98.03%

2.54%

2.33%

0.85%

0.91%

0.00%

25-May-05

110,583

43,327

114

4,585,558

96.61%

96.75%

0.83%

0.90%

0.00%

0.83%

57,673

1.20%

0.00%

25-Apr-05

43,344

118

4,691,520

98.33%

97.89%

Page 38 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

788,182

617,621

11,319,644

2,788,725

0.00%

2.19%

2.17%

0.12%

0.15% 0.09%

0.12% 0.89%

0.54%

0.00%

0.49%

0.41%

2,149,167

6 1,199,821

0.00%

0.18%

0.00%

0.23%

25-Nov-05

67,885

542,419

127,956

9,452,821

2,035,842

0.00%

0.03%

0.01%

1.85%

1.75%

0.09%

0.10% 0.03%

0.02% 0.63%

0.38%

0.00%

0.45%

0.44%

2,388,684

6 1,123,824

0.00%

0.18%

0.00%

0.21%

25-Oct-05

140,121

213,335

7,481,709

940,438

0.00%

1.42%

1.33%

0.06%

0.02% 0.09%

0.04% 0.20%

0.17%

0.00%

-0.00%

0.17%

984,824

6 1,124,318

0.00%

0.17%

0.00%

0.20%

26-Sep-05

89,804

72,216

192,395

6,106,711

811,991

0.00%

0.03%

0.02%

1.04%

0.03%

0.01% 0.06%

0.03% 0.17%

0.14%

0.00%

0.11%

0.08%

459,294

596,375

0.00%

0.08%

0.00%

0.10%

25-Aug-05

264,705

5,971,172

609,789

0.00%

0.84%

0.98%

0.08%

0.04% 0.00%

0.00% 0.11%

0.10%

0.03%

0.02%

0.05%

0.02%

130,699

145,952

0.00%

25-Jul-05

119,900

6,127,162

355,867

0.00%

0.76%

0.96%

0.03%

0.02% 0.00%

0.00% 0.05%

0.06%

0.00%

-0.00%

0.05%

0.02%

140,430

0.00%

27-Jun-05

62,153

1,506,414

0.00%

0.15%

0.23%

0.00%

0.00% 0.03%

0.01% 0.00%

0.00%

0.03%

0.01%

72,340

0.00%

25-May-05

477,245

0.00%

0.00% 0.03%

0.07% 0.00%

0.00%

0.03%

0.02%

156,336

0.00%

25-Apr-05

477,710

0.00%

0.02%

0.07% 0.00%

0.00% 0.00%

0.00%

Page 39 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

48,339

0.00%

1.20%

0.33%

0.00%

0.00% 0.00%

0.00%

518,388

0.00%

1.20%

0.00%

3.56%

25-Nov-05

567,093

0.00%

2.35%

3.78%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

519,066

0.00%

1.14%

3.23%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

519,401

0.00%

1.11%

3.19%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

519,734

0.00%

1.09%

3.13%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

520,065

0.00%

1.03%

2.87%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 40 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

4,674,172

496,032

0.00%

2.74%

3.31%

0.00%

0.00% 0.00%

0.00% 0.64%

0.35%

0.00%

0.16%

0.11%

158,913

0.00%

25-Nov-05

2,568,867

362,265

0.00%

1.72%

1.74%

0.00%

0.00% 0.00%

0.00% 0.31%

0.25%

0.00%

0.16%

0.11%

159,008

380,281

0.00%

0.16%

0.00%

0.26%

25-Oct-05

2,164,619

259,789

0.00%

1.20%

1.41%

0.00%

0.00% 0.00%

0.00% 0.15%

0.17%

0.00%

0.15%

0.10%

159,102

380,510

0.00%

0.15%

0.00%

0.25%

26-Sep-05

89,804

1,589,564

259,955

0.00%

0.14%

0.06%

0.72%

0.98%

0.00%

0.00% 0.00%

0.00% 0.14%

0.16%

0.00%

25-Aug-05

2,306,646

260,120

0.00%

1.12%

1.37%

0.00%

0.00% 0.00%

0.00% 0.14%

0.15%

0.00%

-0.00%

0.00%

25-Jul-05

2,102,320

260,283

0.00%

0.95%

1.19%

0.00%

0.00% 0.00%

0.00% 0.14%

0.15%

0.00%

27-Jun-05

645,172

0.00%

0.26%

0.36%

0.00%

0.00% 0.00%

0.00%

25-May-05

477,245

0.00%

0.00% 0.13%

0.26% 0.00%

0.00%

0.13%

0.08%

156,336

0.00%

25-Apr-05

477,710

0.00%

0.13%

0.25% 0.00%

0.00% 0.00%

0.00%

Page 41 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

365,302

51,840

0.00%

3.85%

1.94%

0.00%

0.00% 0.00%

0.00% 1.28%

0.28%

0.00%

25-Nov-05

104,000

51,873

0.00%

1.23%

0.52%

0.00%

0.00% 0.00%

0.00% 1.23%

0.26%

0.00%

25-Oct-05

265,407

0.00%

1.15%

1.22%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

265,564

0.00%

1.14%

1.21%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 42 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

139,039

0.00%

1.26%

1.20%

0.00%

0.00% 0.00%

0.00%

25-Nov-05

99,576

0.00%

0.60%

0.81%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 43 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

0.00%

0.00% 0.00%

0.00%

151,840

0.00%

1.12%

0.00%

1.43%

25-Nov-05

151,944

0.00%

1.12%

1.42%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

152,048

0.00%

1.10%

1.36%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

152,151

0.00%

1.09%

1.35%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 44 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

274,255

469,955

2,444,680

817,276

0.00%

5.62%

4.40%

0.30%

0.49% 0.59%

0.85% 2.66%

1.47%

0.00%

0.59%

325,713

484,031

0.00%

0.89%

0.00%

0.87%

25-Nov-05

470,286

127,956

2,482,066

406,164

0.00%

4.87%

4.31%

0.57%

0.82% 0.29%

0.22% 2.01%

0.71%

0.00%

0.86%

1.04%

600,520

484,127

0.00%

0.86%

0.00%

0.84%

25-Oct-05

213,335

2,215,604

52,935

0.00%

5.00%

3.68%

0.00%

0.00% 0.83%

0.35% 0.28%

0.09%

0.00%

0.28%

0.46%

274,708

484,223

0.00%

0.83%

0.00%

0.81%

26-Sep-05

192,395

2,188,632

52,956

0.00%

4.05%

3.49%

0.00%

0.00% 0.54%

0.31% 0.27%

0.08%

0.00%

398,313

0.00%

0.54%

0.00%

0.64%

25-Aug-05

192,447

1,806,245

52,977

0.00%

2.61%

2.80%

0.52%

0.30% 0.00%

0.00% 0.26%

0.08%

0.00%

25-Jul-05

119,900

1,670,245

0.00%

2.05%

2.52%

0.26%

0.18% 0.00%

0.00% 0.00%

0.00%

27-Jun-05

494,846

0.00%

0.51%

0.74%

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 45 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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

27-Dec-05

235,305

0.00%

4.55%

6.89%

0.00%

0.00% 0.00%

0.00%

25-Nov-05

235,431

0.00%

4.55%

6.89%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

235,556

0.00%

4.00%

5.49%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

235,681

0.00%

3.85%

5.19%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 46 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 47 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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 III Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

72,090

472,779

0.00%

1.25%

1.14%

0.31%

0.17% 0.00%

0.00% 0.00%

0.00%

0.31%

0.32%

132,332

0.00%

25-Nov-05

72,132

473,053

0.00%

1.23%

1.11%

0.31%

0.17% 0.00%

0.00% 0.00%

0.00%

0.31%

132,411

0.00%

25-Oct-05

72,174

623,509

0.00%

1.81%

1.42%

0.30%

0.16% 0.00%

0.00% 0.00%

0.00%

26-Sep-05

72,216

268,520

0.00%

1.18%

0.60%

0.30%

0.16% 0.00%

0.00% 0.00%

0.00%

25-Aug-05

72,258

32,412

95,523

0.00%

0.29%

0.07%

0.29%

0.16% 0.00%

0.00% 0.29%

0.21%

0.00%

-0.00%

0.00%

25-Jul-05

95,584

0.00%

0.00% 0.00%

0.00% 0.28%

0.21%

0.00%

0.28%

0.16%

72,299

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

0.28%

0.15%

72,340

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 48 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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 III Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

441,837

147,666

2,513,311

1,294,805

0.00%

1.73%

1.34%

0.17%

0.24% 0.09%

0.08% 1.21%

0.69%

0.00%

-0.00%

0.87%

0.68%

1,272,906

45,562

0.00%

0.09%

0.00%

0.02%

25-Nov-05

67,885

2,284,198

1,086,663

0.00%

0.08%

0.03%

1.59%

1.17%

0.00%

0.00% 0.00%

0.00% 0.84%

0.55%

0.00%

0.75%

0.67%

1,312,745

259,416

0.00%

0.17%

0.00%

0.13%

25-Oct-05

67,947

1,136,636

498,730

0.00%

0.90%

0.56%

0.08%

0.03% 0.00%

0.00% 0.33%

0.25%

0.00%

0.24%

0.18%

367,014

259,585

0.00%

0.16%

0.00%

0.13%

26-Sep-05

887,198

499,080

0.00%

0.71%

0.42%

0.00%

0.00% 0.00%

0.00% 0.32%

0.24%

0.00%

0.24%

0.13%

275,294

198,063

0.00%

0.08%

0.00%

0.09%

25-Aug-05

1,306,134

201,170

0.00%

0.84%

0.59%

0.00%

0.00% 0.00%

0.00% 0.08%

0.09%

0.08%

0.06%

0.15%

0.07%

130,699

145,952

0.00%

25-Jul-05

1,766,866

0.00%

0.89%

0.77%

0.00%

0.00% 0.00%

0.00%

0.07%

0.03%

68,131

0.00%

27-Jun-05

62,153

298,681

0.00%

0.07%

0.12%

0.00%

0.00% 0.07%

0.03% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 49 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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 III Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

426,717

128,773

0.00%

2.35%

1.52%

0.00%

0.00% 0.00%

0.00% 0.59%

0.46%

0.00%

1.18%

0.93%

259,303

0.00%

25-Nov-05

486,593

128,878

0.00%

2.92%

1.72%

0.00%

0.00% 0.00%

0.00% 0.58%

0.46%

0.00%

0.58%

0.65%

184,000

0.00%

25-Oct-05

169,264

128,983

0.00%

1.13%

0.58%

0.00%

0.00% 0.00%

0.00% 0.56%

0.44%

0.00%

0.56%

0.63%

184,000

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

0.55%

0.62%

184,000

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

25-Jul-05

67,667

0.00%

0.50%

0.20%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

67,715

0.00%

0.49%

0.20%

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 50 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# 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 III Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

Page 51 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

27-Dec-05

3,245

79.17%

520,958,220

74.50%

2.96%

3.75%

0.03%

30,602

0.01%

343

7.25%

6.75%

20,317,358

0.00

103,377.33

25-Nov-05

3,344

81.58%

541,547,975

77.44%

3.02%

3.96%

0.00%

344

7.26%

6.75%

104

22,366,508

0.00

25-Oct-05

3,448

84.12%

564,243,305

80.69%

2.92%

3.57%

0.14%

280,048

0.05%

345

7.26%

6.76%

104

20,917,332

0.00

118,294.58

26-Sep-05

3,557

86.78%

585,897,196

83.78%

3.50%

4.11%

0.00%

346

7.26%

6.76%

129

25,132,119

0.00

25-Aug-05

3,686

89.92%

611,371,024

87.43%

3.03%

3.96%

0.00%

347

7.26%

6.76%

115

25,227,541

0.00

25-Jul-05

3,801

92.73%

636,960,050

91.08%

2.49%

3.04%

0.00%

348

7.26%

6.76%

19,950,193

0.00

27-Jun-05

3,898

95.10%

657,289,700

93.99%

2.35%

2.88%

0.00%

349

7.27%

6.76%

19,492,693

0.00

25-May-05

3,992

97.39%

677,172,004

96.83%

1.46%

1.74%

0.00%

350

7.27%

6.77%

12,007,582

0.00

25-Apr-05

4,051

98.83%

689,557,202

98.61%

1.17%

1.28%

0.00%

351

7.28%

6.77%

8,985,380

0.00

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

Page 52 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

27-Dec-05

2.02%

14,548,387

2.08%

2.35%

3.04%

0.00%

340

7.10%

6.59%

457,314

0.00

25-Nov-05

2.07%

15,019,622

2.15%

3.41%

6.50%

0.00%

340

7.05%

6.55%

1,045,567

0.00

25-Oct-05

2.15%

16,080,947

2.30%

2.22%

1.28%

0.00%

342

7.05%

6.55%

209,129

0.00

26-Sep-05

2.20%

16,306,228

2.33%

2.17%

1.84%

0.00%

342

7.04%

6.54%

305,386

0.00

25-Aug-05

2.24%

16,628,283

2.38%

5.15%

8.24%

0.00%

343

7.03%

6.53%

1,495,290

0.00

25-Jul-05

2.37%

18,141,020

2.59%

3.96%

4.47%

0.00%

345

7.06%

6.55%

850,288

0.00

27-Jun-05

101

2.46%

19,006,801

2.72%

0.98%

2.67%

0.00%

345

7.09%

6.59%

521,043

0.00

25-May-05

102

2.49%

19,545,535

2.79%

0.00%

346

7.09%

6.59%

0.00

25-Apr-05

102

2.49%

19,563,356

2.80%

0.00%

347

7.09%

6.59%

0.00

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

Page 53 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

27-Dec-05

621

15.15%

141,376,640

20.22%

3.12%

3.92%

0.00%

348

7.04%

6.54%

5,770,531

0.00

25-Nov-05

641

15.64%

147,217,196

21.05%

3.90%

4.15%

0.00%

349

7.06%

6.56%

6,370,535

0.00

25-Oct-05

667

16.27%

153,658,456

21.97%

3.89%

5.00%

0.00%

350

7.06%

6.55%

8,092,009

0.00

26-Sep-05

694

16.93%

161,829,660

23.14%

2.53%

3.83%

0.00%

351

7.06%

6.56%

6,445,166

0.00

25-Aug-05

712

17.37%

168,352,099

24.07%

3.65%

4.36%

0.00%

352

7.06%

6.56%

7,680,011

0.00

25-Jul-05

739

18.03%

176,114,325

25.18%

2.64%

2.96%

0.00%

353

7.05%

6.55%

5,367,358

0.00

27-Jun-05

759

18.52%

181,566,532

25.96%

2.32%

2.23%

0.00%

354

7.06%

6.56%

4,147,520

0.00

25-May-05

777

18.96%

185,818,106

26.57%

1.89%

2.49%

0.00%

355

7.07%

6.56%

4,753,573

0.00

25-Apr-05

792

19.32%

190,658,089

27.26%

1.00%

1.30%

0.00%

356

7.08%

6.57%

2,522,917

0.00

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

Page 54 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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

27-Dec-05

1.90%

18,830,423

2.69%

3.70%

5.87%

0.00%

348

6.80%

6.30%

1,175,556

0.00

25-Nov-05

1.98%

20,016,180

2.86%

6.90%

7.58%

0.00%

349

6.93%

6.42%

1,643,427

0.00

25-Oct-05

2.12%

21,670,385

3.10%

1.14%

0.95%

0.00%

350

6.93%

6.43%

206,999

0.00

26-Sep-05

2.15%

21,888,594

3.13%

6.38%

8.11%

0.00%

351

6.94%

6.44%

1,932,879

0.00

25-Aug-05

2.29%

23,833,548

3.41%

2.08%

3.01%

0.00%

352

6.91%

6.41%

740,599

0.00

25-Jul-05

2.34%

24,587,008

3.52%

2.04%

1.72%

0.00%

353

6.92%

6.42%

429,808

0.00

27-Jun-05

2.39%

25,031,700

3.58%

3.92%

4.81%

0.00%

354

6.93%

6.42%

1,265,705

0.00

25-May-05

102

2.49%

26,309,643

3.76%

2.86%

4.22%

0.00%

355

6.95%

6.45%

1,160,665

0.00

25-Apr-05

105

2.56%

27,483,405

3.93%

2.78%

1.88%

0.00%

356

6.96%

6.45%

526,105

0.00

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

Page 55 of 65

Bear Stearns Asset Backed Securities I 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 Certificates

Series 2005-HE3

ABN AMRO Acct: 722497.2

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 2nd Lien

27-Dec-05

159

3.88%

11,601,573

1.66%

5.36%

5.73%

0.00%

261

10.16%

9.66%

705,480

0.00

25-Nov-05

168

4.10%

12,313,188

1.76%

2.89%

2.99%

0.00%

264

10.17%

9.66%

379,951

0.00

25-Oct-05

173

4.22%

12,699,727

1.82%

2.78%

3.25%

1.11%

102,793

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE3 8-K