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, NY
(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-HE1, Asset-Backed Certificates, Series 2005-HE1, 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-HE1

ABN AMRO Acct: 722299.2

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:
Leigh Gordon 312.904.4839
leigh.gordon@abnamro.com

Analyst:
Clifford Song 714.259.6244
Clifford.Song@abnamro.com

Statement Date:

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

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

Shortfall Summary Report

Swap Summary Report
Rating Information

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 4-12
Page 13
Page 14

Page 15

Page 16
Page 17

Page 18-20
Page 21-29

Page 30-38

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

Realized Loss Detail

Page 39-47

Page 48

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE1

BS005HE1_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

28-Jan-05
25-Feb-05

25-Jan-35

Parties to The Transaction

Issuer: Bear Stearns & Co. Inc.

Depositor: Bear Stearns Asset Backed Securities, Inc.

Underwriter: Bear, Stearns & Co., Inc.

Master Servicer: EMC Mortgage Corporation

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 48

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:

7.398890%

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-HE1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

342

Bond Payments

Statement Date:

ABN AMRO Acct: 722299.2

257.003267151

62.416410238

0.000000000

194.586856914

0.994602648

4.5387500000%

0.00

0.000000000

4.3537500000%

0.000000000

073879PL6

I-A-1

191,996,000.00

11,983,701.10

0.00

37,359,898.18

190,959.73

49,343,599.28

1000.000000000

0.000000000

1000.000000000

3.932222247

4.6087500000%

0.00

0.000000000

4.4237500000%

0.000000000

073879PM4

I-A-2

88,379,000.00

0.00

88,379,000.00

347,525.87

88,379,000.00

1000.000000000

0.000000000

1000.000000000

4.038888939

4.7287500000%

0.00

0.000000000

4.5437500000%

0.000000000

073879PN2

I-A-3

22,015,000.00

0.00

22,015,000.00

88,916.14

22,015,000.00

541.123156174

42.128051727

0.000000000

498.995104447

2.147056433

4.6487500000%

0.00

0.000000000

4.4637500000%

0.000000000

073879PP7

II-A-1

721,706,000.00

30,404,067.70

0.00

360,127,760.85

1,549,543.51

390,531,828.55

541.123156142

42.128051722

0.000000000

498.995104420

2.166296376

4.6887500000%

0.00

0.000000000

4.5037500000%

0.000000000

073879PQ5

II-A-2

180,426,000.00

7,600,995.86

0.00

90,031,690.71

390,856.19

97,632,686.57

1000.000000000

0.000000000

1000.000000000

4.198888878

4.9087500000%

0.00

0.000000000

4.7237500000%

0.000000000

073879PR3

M-1

100,250,000.00

0.00

100,250,000.00

420,938.61

100,250,000.00

1000.000000000

0.000000000

1000.000000000

4.465555542

5.2087500000%

0.00

0.000000000

5.0237500000%

0.000000000

073879PS1

M-2

81,263,000.00

0.00

81,263,000.00

362,884.44

81,263,000.00

1000.000000000

0.000000000

1000.000000000

4.554444607

5.3087500000%

0.00

0.000000000

5.1237500000%

0.000000000

073879PT9

M-3

27,341,000.00

0.00

27,341,000.00

124,523.07

27,341,000.00

1000.000000000

0.000000000

1000.000000000

5.016666667

5.8287500000%

0.00

0.000000000

5.6437500000%

0.000000000

073879PU6

M-4

18,987,000.00

0.00

18,987,000.00

95,251.45

18,987,000.00

1000.000000000

0.000000000

1000.000000000

5.105555495

5.9287500000%

0.00

0.000000000

5.7437500000%

0.000000000

073879PV4

M-5

18,227,000.00

0.00

18,227,000.00

93,058.96

18,227,000.00

1000.000000000

0.000000000

1000.000000000

5.905555301

6.8287500000%

0.00

2,739.50

0.156829631

6.4673166157%

0.000000000

073879PW2

M-6

17,468,000.00

0.00

17,468,000.00

103,158.24

17,468,000.00

1000.000000000

0.000000000

1000.000000000

7.283333485

8.3787500000%

0.00

33,799.73

1.534607491

6.4673166157%

0.000000000

073879PX0

M-7

22,025,000.00

0.00

22,025,000.00

160,415.42

22,025,000.00

999.999999653

0.000000000

999.999999653

77.413665708

0.00

594,117.19

20.586462004

N/A

0.000000000

073879PZ5

28,859,606.37

0.00

28,859,606.36

2,234,127.92

28,859,606.36

1000.000000000

0.000000000

1000.000000000

7884155.100000001

0.00

788,415.51

7884155.100000001

N/A

0.000000000

073879PY8

100.00

0.00

100.00

788,415.51

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QA9

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QB7

R-2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QD3

R-3

0.00

Page 2 of 48

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:

7.398890%

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-HE1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

342

Bond Payments

Statement Date:

ABN AMRO Acct: 722299.2

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QC5

0.00

Total P&I Payment

0.00

1,419,071.93

1,518,942,706.37

962,322,820.76

56,939,339.72

Total

912,334,056.10

49,988,764.66

0.00

6,950,575.06

Page 3 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

6,306,715.79

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

701,170.47

19,637.16

48,884,690.79

221,969.73

0.00
0.00

56,135,146.26

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

962,322,720.75

701,170.47

48,904,327.95

0.00

383,266.34

0.00

912,333,956.09

6,213

265

4
0

5,944

353,818.74

Extra Principal

Trigger Event

161,296.52

49,988,764.67

Overcollateralization Amt

28,698,309.84

Less Extra Principal

Remittance Interest

)

(161,296.52

6,145,419.28

0.00

49,287,594.20

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(962.32

6,307,678.11

Total Fees

354,781.07

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

962.32

LPMI Fees

0.00

Current Prepayment Charges

788,415.51

Cumulative Prepayment Charges

788,415.51

Page 4 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

152,515.86

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

20,208.00

489.82

885,913.25

0.00
0.00
0.00

1,059,152.30

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

25,365,638.43

20,208.00

886,403.07

0.00
0.00
0.00

24,459,027.36

114

0
0

111

9,821.73

Trigger Event

906,611.07

Overcollateralization Amt

28,698,309.84

Remittance Interest

152,515.86

0.00

886,403.07

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(25.37

152,541.23

Total Fees

9,847.10

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

25.37

LPMI Fees

0.00

Current Prepayment Charges

11,347.58

Cumulative Prepayment Charges

11,347.58

Page 5 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

61,923.49

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

4,521.41

653.89

347,431.08

)

(5,701.59

0.00
0.00

408,834.01

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

5,731,326.00

4,521.41

348,084.97

0.00

65,969.80

0.00

5,312,749.82

1
0

1,747.21

Trigger Event

346,904.79

Overcollateralization Amt

28,698,309.84

Remittance Interest

61,923.49

0.00

342,383.38

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(5.73

61,929.22

Total Fees

1,752.94

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

5.73

LPMI Fees

0.00

Current Prepayment Charges

12,612.72

Cumulative Prepayment Charges

12,612.72

Page 6 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM-228

0.00

Interest Summary

Total Trustee Fees

Available Interest

1,154,305.66

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

103,087.46

7,751.47

9,384,332.39

81,184.26

0.00
0.00

10,730,834.76

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

173,519,456.56

103,087.46

9,392,083.86

0.00

84,999.30

0.00

163,939,285.96

885

1
0

849

64,851.22

Trigger Event

9,576,355.58

Overcollateralization Amt

28,698,309.84

Remittance Interest

1,154,305.66

0.00

9,473,268.12

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(173.52

1,154,479.18

Total Fees

65,024.74

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

173.52

LPMI Fees

0.00

Current Prepayment Charges

139,148.19

Cumulative Prepayment Charges

139,148.19

Page 7 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM-327

0.00

Interest Summary

Total Trustee Fees

Available Interest

205,929.79

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

22,268.79

)

(9,449.74

1,102,343.34

0.00
0.00
0.00

1,321,126.32

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

34,141,248.86

22,268.79

1,092,893.60

0.00
0.00
0.00

33,026,086.47

193

0
0

188

12,707.24

Trigger Event

1,115,162.39

Overcollateralization Amt

28,698,309.84

Remittance Interest

205,929.79

0.00

1,092,893.60

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(34.14

205,963.93

Total Fees

12,741.38

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

34.14

LPMI Fees

0.00

Current Prepayment Charges

6,196.75

Cumulative Prepayment Charges

6,196.75

Page 8 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

928,344.29

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

141,371.90

5,210.19

3,702,890.38

53,418.74

0.00
0.00

4,831,381.86

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

146,360,507.39

141,371.90

3,708,100.57

0.00

115,306.77

0.00

142,395,728.15

1,114

1
0

1,088

59,056.23

Trigger Event

3,902,891.21

Overcollateralization Amt

28,698,309.84

Remittance Interest

928,344.29

0.00

3,761,519.31

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(146.36

928,490.65

Total Fees

59,202.60

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

146.36

LPMI Fees

0.00

Current Prepayment Charges

75,750.98

Cumulative Prepayment Charges

75,750.98

Page 9 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

61,755.08

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

4,698.66

1,119.12

391,102.99

0.00
0.00
0.00

458,682.33

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

6,478,425.45

4,698.66

392,222.11

0.00
0.00
0.00

6,081,504.68

197

0
0

187

1,926.73

Trigger Event

396,920.77

Overcollateralization Amt

28,698,309.84

Remittance Interest

61,755.08

0.00

392,222.11

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(6.48

61,761.56

Total Fees

1,933.21

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

6.48

LPMI Fees

0.00

Current Prepayment Charges

8,033.29

Cumulative Prepayment Charges

8,033.29

Page 10 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

3,166,505.41

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

324,541.22

12,350.33

29,345,795.23

93,068.32

0.00
0.00

32,942,734.54

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

474,029,768.01

324,541.22

29,358,145.56

0.00

116,990.47

0.00

444,230,090.84

2,939

158

1
0

2,780

166,627.44

Trigger Event

29,775,755.10

Overcollateralization Amt

28,698,309.84

Remittance Interest

3,166,505.41

0.00

29,451,213.88

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(474.03

3,166,979.44

Total Fees

167,101.47

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

474.03

LPMI Fees

0.00

Current Prepayment Charges

480,173.99

Cumulative Prepayment Charges

480,173.99

Page 11 of 48

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-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

575,436.21

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

80,473.03

1,512.08

3,724,882.13

0.00
0.00
0.00

4,382,400.15

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

96,696,350.05

80,473.03

3,726,394.21

0.00
0.00
0.00

92,889,482.81

678

0
0

653

37,080.94

Trigger Event

3,806,867.24

Overcollateralization Amt

28,698,309.84

Remittance Interest

575,436.21

0.00

3,726,394.21

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(96.70

575,532.91

Total Fees

37,177.64

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.66

0.00

96.70

LPMI Fees

0.00

Current Prepayment Charges

55,152.01

Cumulative Prepayment Charges

55,152.01

Page 12 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

SWAP Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

190,959.73

Act/360

0.00

190,959.73

0.00

I-A-1

0.00

347,525.87

Act/360

0.00

347,525.87

0.00

I-A-2

0.00

88,916.14

Act/360

0.00

88,916.14

0.00

I-A-3

0.00

1,549,543.51

Act/360

0.00

1,549,543.51

0.00

II-A-1

0.00

390,856.19

Act/360

0.00

390,856.19

0.00

II-A-2

0.00

420,938.61

Act/360

0.00

420,938.61

0.00

M-1

0.00

362,884.44

Act/360

0.00

362,884.44

0.00

M-2

0.00

124,523.07

Act/360

0.00

124,523.07

0.00

M-3

0.00

95,251.45

Act/360

0.00

95,251.45

0.00

M-4

0.00

93,058.96

Act/360

0.00

93,058.96

0.00

M-5

0.00

103,158.24

Act/360

0.00

100,418.74

0.00

Yes

M-6

2,739.50

0.00

160,415.42

Act/360

0.00

126,615.69

0.00

Yes

M-7

33,799.73

0.00

2,408,627.28

2,234,127.92

30/360

0.00

1,640,010.73

0.00

768,616.55

0.00

788,415.51

0.00

805,155.78

0.00

5,531,503.13

7,125,074.42

6,950,575.06

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 13 of 48

(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-HE1

ABN AMRO Acct: 722299.2

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

5.00
1.00

I-A-1

19.16%

32.32%

1/25/2035

37,359,898.18

0.00

49,343,599.28

191,996,000.00

150,085.66

0.00

38,667.27

11,794,948.17

I-A-2

19.16%

32.32%

1/25/2035

88,379,000.00

0.00

88,379,000.00

0.00

I-A-3

19.16%

32.32%

1/25/2035

22,015,000.00

0.00

22,015,000.00

0.00

II-A-1

19.16%

32.32%

1/25/2035

360,127,760.85

0.00

390,531,828.55

721,706,000.00

440,868.09

0.00

98,103.45

29,865,096.16

II-A-2

19.16%

32.32%

1/25/2035

90,031,690.71

0.00

97,632,686.57

180,426,000.00

110,216.72

0.00

24,525.79

7,466,253.35

M-1

12.44%

20.98%

1/25/2035

100,250,000.00

0.00

100,250,000.00

0.00

M-2

6.98%

11.78%

1/25/2035

81,263,000.00

0.00

81,263,000.00

0.00

M-3

5.15%

8.68%

1/25/2035

27,341,000.00

0.00

27,341,000.00

0.00

M-4

3.87%

6.53%

1/25/2035

18,987,000.00

0.00

18,987,000.00

0.00

M-5

2.65%

4.47%

1/25/2035

18,227,000.00

0.00

18,227,000.00

0.00

M-6

1.48%

2.49%

1/25/2035

17,468,000.00

0.00

17,468,000.00

0.00

M-7

0.00%

1/25/2035

22,025,000.00

0.00

22,025,000.00

0.00

1/25/2035

28,859,606.36

0.00

28,859,606.36

28,859,606.37

0.00

1/25/2035

100.00

0.00

100.00

0.00

701,170.47

0.00

49,126,297.67

161,296.52

1,518,942,706.37

912,334,056.10

962,322,820.76

Page 14 of 48

(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-HE1

ABN AMRO Acct: 722299.2

Interest Adjustments Summary

Statement
Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

13,202.84

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

13,202.84

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

788,415.51

788,415.51

Total Excess Allocated to the Bonds

775,212.67

)

(13,202.84

Aggregate Interest Adjustment Allocated to the Bonds

0.00

788,415.51

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 15 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

805,155.78

0.00

Page 16 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

073879PL6

Aaa

AAA

I-A-2

073879PM4

Aaa

AAA

I-A-3

073879PN2

Aaa

AAA

II-A-1

073879PP7

Aaa

AAA

II-A-2

073879PQ5

Aaa

AAA

M-1

073879PR3

Aa2

M-2

073879PS1

M-3

073879PT9

A-

M-4

073879PU6

Baa1

BBB+

M-5

073879PV4

Baa2

BBB

M-6

073879PW2

Baa3

BBB-

M-7

073879PX0

Ba2

073879PZ5

073879PY8

Page 17 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

206,330,093.20

0.00

88.8318

0.0000

1,074

83.5798

10,637,204.92

0.00

4.5797

0.0000

5.4475

3,825,535.19

0.00

1.6470

0.0000

2.0233

3,283,168.79

0.00

1.4135

0.0000

90+

2.1012

1,022,328.73

0.00

0.4401

0.0000

BKY0

0.6226

223,351.60

0.00

0.0962

0.0000

BKY30

0.1556

90,894.81

0.00

0.0391

0.0000

BKY60

0.0778

1,617,673.73

0.00

0.6965

0.0000

BKY90+

1.0117

4,236,179.58

0.00

1.8238

0.0000

F/C90+

2.4903

0.00

0.0000

PIF

1.9455

1,003,977.34

0.00

0.4322

0.0000

REO90+

0.5447

Total:

1,285

232,270,407.89

0.00

100.0000

0.0000

0.00

DLQ Total:

178

24,917,985.96

0.00

13.8521%

10.7280

0.0000%

Page 18 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

624,795,309.26

0.00

89.0199

0.0000

4,208

85.3896

27,866,556.20

0.00

3.9704

0.0000

218

4.4237

16,277,524.35

0.00

2.3192

0.0000

120

2.4351

11,284,240.60

0.00

1.6078

0.0000

90+

1.5016

3,724,125.74

0.00

0.5306

0.0000

BKY0

0.6291

1,208,253.70

0.00

0.1722

0.0000

BKY30

0.2232

438,030.93

0.00

0.0624

0.0000

BKY60

0.0812

2,749,959.58

0.00

0.3918

0.0000

BKY90+

0.6088

12,246,626.53

0.00

1.7449

0.0000

F/C90+

1.8263

0.00

0.0000

PIF

130

2.6380

1,269,762.50

0.00

0.1809

0.0000

REO90+

0.2435

Total:

4,928

701,860,389.39

0.00

100.0000

0.0000

0.00

DLQ Total:

559

73,340,954.39

0.00

11.3433%

10.4495

0.0000%

Page 19 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

831,125,402.46

0.00

88.9731

0.0000

5,282

85.0153

38,503,761.12

0.00

4.1219

0.0000

288

4.6354

20,103,059.54

0.00

2.1521

0.0000

146

2.3499

14,567,409.39

0.00

1.5595

0.0000

90+

101

1.6256

4,746,454.47

0.00

0.5081

0.0000

BKY0

0.6277

1,431,605.30

0.00

0.1533

0.0000

BKY30

0.2092

528,925.74

0.00

0.0566

0.0000

BKY60

0.0805

4,367,633.31

0.00

0.4676

0.0000

BKY90+

0.6921

16,482,806.11

0.00

1.7645

0.0000

F/C90+

122

1.9636

0.00

0.0000

PIF

155

2.4948

2,273,739.84

0.00

0.2434

0.0000

REO90+

0.3058

Total:

6,213

934,130,797.28

0.00

100.0000

0.0000

0.00

DLQ Total:

737

98,258,940.35

0.00

11.8622%

10.5188

0.0000%

Page 20 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

4.44%

3.75%

2.25%

2.04%

138

2.32%

18,116,855

1.99%

2.02%

1.76%

0.32%

0.25%

27-Dec-05

264

34,250,256

134

18,643,594

120

16,023,663

2,273,740

5,269

823,025,849

88.64%

90.21%

4.89%

4.60%

1.96%

1.57%

104

1.67%

14,190,229

1.47%

1.82%

1.58%

0.19%

0.14%

25-Nov-05

304

44,278,915

122

15,128,063

113

15,184,826

1,391,480

5,558

872,149,208

89.46%

90.63%

3.92%

3.34%

1.63%

1.68%

1.46%

13,256,042

1.30%

1.60%

1.36%

0.17%

0.12%

25-Oct-05

255

34,075,037

106

17,097,492

104

13,907,829

1,236,735

5,935

940,570,814

91.22%

92.20%

3.78%

3.56%

1.53%

1.31%

0.88%

8,890,431

0.82%

1.32%

1.15%

0.09%

0.06%

26-Sep-05

257

38,452,149

104

14,150,828

12,423,094

691,193

6,286

1,004,494,658

92.40%

93.09%

3.52%

2.96%

1.31%

1.17%

0.68%

7,255,962

0.63%

1.13%

1.09%

0.00%

25-Aug-05

252

33,873,463

13,457,249

12,505,691

6,680

1,079,188,194

93.35%

94.15%

2.84%

2.69%

1.25%

1.24%

0.43%

4,858,744

0.40%

0.90%

0.88%

0.01%

25-Jul-05

212

32,347,730

14,977,176

10,565,357

99,317

7,059

1,141,371,975

94.57%

94.78%

2.67%

2.43%

1.05%

0.98%

0.42%

5,807,098

0.46%

0.55%

0.57%

0.01%

27-Jun-05

208

30,892,267

12,501,056

7,182,928

99,367

7,413

1,214,217,662

95.28%

95.55%

2.19%

2.02%

0.85%

0.95%

0.25%

3,331,897

0.25%

0.48%

0.49%

0.00%

25-May-05

177

26,850,806

12,634,024

6,578,098

7,788

1,279,962,261

96.23%

96.28%

2.11%

2.22%

0.67%

0.74%

0.12%

1,401,767

0.10%

0.29%

0.30%

0.00%

25-Apr-05

176

30,683,788

10,248,352

4,152,956

8,095

1,338,098,506

96.82%

96.64%

2.03%

2.20%

0.67%

0.72%

0.02%

470,186

0.03%

0.01%

0.00%

25-Mar-05

175

31,650,147

10,337,763

151,683

8,387

1,397,466,974

97.26%

97.04%

2.24%

2.30%

0.05%

0.00%

25-Feb-05

197

34,012,083

672,133

8,613

1,445,749,793

97.72%

97.66%

Page 21 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

2.70%

0.68%

3.60%

1.46%

2.70%

401,524

1.64%

0.90%

1.55%

1.80%

0.94%

27-Dec-05

166,542

357,248

379,198

229,584

22,924,933

88.29%

93.73%

6.14%

2.13%

0.88%

0.18%

1.75%

197,351

0.78%

1.75%

2.30%

1.75%

0.91%

25-Nov-05

539,919

44,837

584,031

229,744

100

23,769,756

87.72%

93.71%

1.69%

0.52%

2.54%

1.92%

1.69%

166,793

0.64%

2.54%

2.13%

0.85%

0.40%

25-Oct-05

134,656

501,481

556,386

104,161

107

24,643,273

90.68%

94.39%

2.48%

2.04%

0.83%

0.16%

1.65%

166,986

0.61%

3.31%

2.40%

0.00%

26-Sep-05

560,357

44,864

660,969

111

26,080,860

91.74%

94.79%

0.81%

0.27%

3.25%

2.11%

1.63%

326,008

1.15%

1.63%

1.17%

0.00%

25-Aug-05

76,979

597,372

330,416

114

26,947,456

92.68%

95.29%

1.56%

1.71%

1.56%

0.85%

1.56%

165,987

0.56%

1.56%

1.11%

0.00%

25-Jul-05

506,660

251,479

330,574

120

28,460,302

93.75%

95.78%

1.53%

0.67%

1.53%

0.81%

0.76%

491,523

1.59%

2.29%

1.46%

0.00%

27-Jun-05

206,694

250,274

451,959

123

29,606,998

93.89%

95.48%

3.03%

1.43%

0.76%

1.56%

0.00%

2.27%

1.44%

0.00%

25-May-05

448,443

491,966

452,245

124

30,074,922

93.94%

95.57%

2.24%

3.19%

1.49%

1.03%

0.00%

0.75%

0.38%

0.00%

25-Apr-05

1,025,180

331,040

121,490

128

30,627,336

95.52%

95.40%

3.68%

3.26%

0.74%

0.38%

0.00%

25-Mar-05

1,056,271

121,619

130

31,182,003

95.59%

96.36%

0.73%

0.37%

0.00%

25-Feb-05

121,748

136

32,719,966

99.27%

99.63%

Page 22 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

2.27%

4.57%

0.00%

4.55%

294,689

5.55%

0.00%

27-Dec-05

242,911

4,775,151

93.18%

89.88%

1.08%

1.61%

0.00%

5.38%

361,018

6.30%

0.00%

25-Nov-05

92,257

5,278,052

93.55%

92.09%

1.01%

1.44%

0.00%

5.05%

361,458

5.88%

0.00%

25-Oct-05

88,530

5,698,041

93.94%

92.68%

0.93%

1.68%

0.93%

0.35%

2.78%

226,170

3.29%

0.93%

1.62%

0.00%

26-Sep-05

115,299

24,146

111,578

102

6,390,977

94.44%

93.05%

0.87%

0.32%

1.74%

2.19%

1.74%

174,372

2.33%

0.00%

25-Aug-05

24,157

163,798

110

7,114,759

95.65%

95.15%

1.63%

2.02%

0.81%

1.37%

0.81%

62,919

0.77%

0.00%

25-Jul-05

164,010

111,658

119

7,787,207

96.75%

95.83%

0.77%

1.29%

0.00%

1.54%

133,872

1.54%

0.00%

27-Jun-05

111,697

127

8,435,389

97.69%

97.17%

0.75%

0.78%

0.75%

0.71%

0.75%

70,816

0.79%

0.00%

25-May-05

69,398

63,246

130

8,735,184

97.74%

97.72%

3.52%

3.46%

1.41%

1.48%

0.00%

25-Apr-05

332,958

141,866

135

9,136,570

95.07%

95.06%

2.05%

2.48%

0.00%

25-Mar-05

247,726

143

9,742,687

97.95%

97.52%

2.03%

2.05%

0.00%

25-Feb-05

208,667

145

9,973,880

97.97%

97.95%

Page 23 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

5.65%

4.32%

2.00%

1.57%

3.30%

3,782,573

2.31%

3.42%

2.24%

0.59%

0.47%

27-Dec-05

7,085,610

2,568,950

3,678,277

774,394

722

146,049,482

85.04%

89.09%

6.33%

6.13%

2.03%

1.04%

2.37%

3,229,468

1.86%

3.05%

2.08%

0.45%

0.27%

25-Nov-05

10,636,180

1,800,766

3,600,829

471,536

759

153,780,678

85.76%

88.62%

4.54%

3.14%

2.05%

1.99%

2.38%

3,328,170

1.81%

2.70%

1.96%

0.43%

0.26%

25-Oct-05

5,796,239

3,664,257

3,610,271

471,727

814

167,465,338

87.90%

90.85%

4.84%

4.34%

1.85%

1.41%

1.54%

2,809,986

1.42%

2.26%

1.58%

0.31%

0.17%

26-Sep-05

8,593,704

2,794,929

3,120,551

334,986

867

180,278,536

89.20%

91.08%

4.32%

3.27%

1.77%

1.44%

0.98%

1,893,444

0.90%

2.06%

1.64%

0.00%

25-Aug-05

6,845,409

3,013,443

3,447,577

925

194,419,040

90.86%

92.75%

3.69%

3.31%

1.42%

1.69%

0.85%

1,432,900

0.65%

1.61%

1.36%

0.09%

0.05%

25-Jul-05

7,272,219

3,711,007

2,996,488

99,317

977

204,219,894

92.34%

92.94%

3.76%

3.40%

1.52%

1.43%

0.63%

1,120,596

0.47%

0.81%

0.09%

0.04%

27-Jun-05

8,035,178

3,390,133

1,919,876

99,367

1,040

222,091,992

93.19%

93.85%

3.20%

2.55%

1.38%

1.54%

0.35%

427,012

0.17%

0.69%

0.65%

0.00%

25-May-05

6,272,003

3,787,750

1,589,990

1,093

233,809,033

94.39%

95.09%

3.21%

3.44%

0.58%

0.59%

0.25%

564,844

0.22%

0.66%

0.62%

0.00%

25-Apr-05

8,987,653

1,538,286

1,625,176

1,157

248,876,457

95.30%

95.14%

2.48%

2.67%

0.88%

0.93%

0.00%

0.08%

0.06%

0.00%

25-Mar-05

7,290,697

2,540,685

151,683

1,205

262,683,500

96.55%

96.34%

2.45%

2.32%

0.08%

0.05%

0.00%

25-Feb-05

6,451,939

151,777

1,235

271,728,412

97.47%

97.63%

Page 24 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

7.45%

5.65%

1.06%

1.67%

2.13%

299,971

0.91%

1.06%

0.54%

0.00%

27-Dec-05

1,865,135

550,183

178,705

166

30,132,093

88.30%

91.24%

5.70%

4.35%

2.07%

2.05%

2.07%

300,159

0.88%

0.52%

0.11%

0.00%

25-Nov-05

1,485,370

698,372

36,222

173

31,621,126

89.64%

92.62%

6.00%

6.13%

1.00%

0.46%

1.00%

202,782

0.58%

1.00%

0.22%

0.00%

25-Oct-05

2,155,944

160,290

78,244

182

32,589,215

91.00%

92.62%

4.76%

4.81%

1.43%

0.72%

0.95%

202,906

0.54%

0.95%

0.21%

0.00%

26-Sep-05

1,805,491

271,751

78,284

193

35,177,252

91.90%

93.72%

5.12%

4.49%

1.86%

0.74%

0.00%

0.47%

0.59%

0.00%

25-Aug-05

1,718,061

281,353

226,310

199

36,010,984

92.56%

94.18%

5.78%

4.67%

0.89%

0.92%

0.00%

25-Jul-05

1,873,381

369,497

210

37,905,838

93.33%

94.41%

4.64%

4.85%

2.95%

2.45%

0.42%

69,745

0.17%

0.42%

0.16%

0.00%

27-Jun-05

2,037,087

1,030,600

65,258

217

38,788,087

91.56%

92.37%

5.65%

3.42%

1.21%

1.40%

0.00%

0.40%

0.15%

0.00%

25-May-05

1,511,202

620,095

65,296

230

41,981,251

92.74%

95.03%

3.92%

3.91%

0.78%

0.68%

0.00%

0.39%

0.14%

0.00%

25-Apr-05

1,786,509

308,728

65,334

242

43,534,685

94.90%

95.27%

4.23%

3.94%

0.77%

0.29%

0.00%

25-Mar-05

1,840,727

136,682

247

44,715,666

95.00%

95.77%

4.55%

2.86%

0.00%

25-Feb-05

1,356,106

252

46,078,749

95.45%

97.14%

Page 25 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

2.94%

2.61%

1.47%

1.35%

1.29%

1,190,523

0.84%

1.01%

0.85%

0.55%

0.48%

27-Dec-05

3,713,491

1,916,328

1,208,665

684,192

1,009

133,682,530

92.74%

93.88%

3.41%

3.05%

1.44%

1.10%

0.72%

796,312

0.54%

0.63%

0.40%

0.54%

0.47%

25-Nov-05

4,462,353

1,607,255

590,073

690,200

1,039

138,214,315

93.27%

94.43%

2.69%

1.86%

0.87%

0.65%

0.52%

532,919

0.35%

0.61%

0.36%

0.43%

0.40%

25-Oct-05

2,834,073

995,566

549,960

607,249

1,093

147,113,096

94.88%

96.38%

2.71%

1.86%

0.68%

0.59%

0.25%

233,007

0.15%

0.68%

0.44%

0.25%

0.23%

26-Sep-05

2,917,924

926,646

694,713

356,207

1,128

151,788,192

95.43%

96.73%

1.95%

1.63%

0.49%

0.27%

0.16%

177,021

0.11%

0.89%

0.65%

0.00%

25-Aug-05

2,712,029

449,580

1,076,093

1,190

161,594,166

96.51%

97.34%

1.56%

1.35%

0.70%

0.50%

0.23%

306,152

0.18%

0.47%

0.34%

0.00%

25-Jul-05

2,347,558

863,339

597,290

1,240

169,760,885

97.03%

97.63%

1.77%

1.22%

0.61%

0.50%

0.23%

463,480

0.26%

0.15%

0.11%

0.00%

27-Jun-05

2,186,600

902,210

203,169

1,265

175,048,429

97.23%

97.90%

0.90%

0.74%

0.45%

0.08%

96,445

0.05%

0.23%

0.30%

0.00%

25-May-05

1,362,980

835,808

548,193

1,308

180,952,907

98.35%

98.45%

1.11%

0.94%

0.22%

0.30%

0.15%

147,200

0.08%

0.15%

0.14%

0.00%

25-Apr-05

1,769,047

570,978

265,684

1,333

184,893,672

98.38%

98.53%

1.01%

0.36%

0.31%

0.00%

25-Mar-05

1,936,703

602,899

1,361

189,860,673

98.62%

98.68%

1.00%

1.01%

0.00%

25-Feb-05

1,986,780

1,391

195,443,216

99.00%

98.99%

Page 26 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

1.07%

0.94%

1.07%

1.62%

1.07%

120,672

1.98%

0.00%

27-Dec-05

57,048

98,489

181

5,805,296

96.79%

95.46%

1.52%

2.40%

0.51%

0.95%

0.51%

59,061

0.91%

0.00%

25-Nov-05

155,410

61,782

192

6,202,173

97.46%

95.74%

1.46%

2.29%

0.49%

0.87%

0.49%

33,420

0.49%

0.00%

25-Oct-05

155,766

59,153

200

6,557,985

97.56%

96.35%

0.96%

1.74%

0.00%

0.48%

33,436

0.48%

0.00%

26-Sep-05

121,180

206

6,818,670

98.56%

97.78%

0.91%

0.57%

1.36%

2.08%

0.00%

25-Aug-05

42,376

154,797

215

7,245,112

97.73%

97.35%

1.72%

2.27%

0.43%

0.78%

0.00%

25-Jul-05

180,350

62,086

228

7,708,703

97.85%

96.95%

1.26%

1.53%

0.00%

27-Jun-05

126,154

236

8,130,639

98.74%

98.47%

0.00%

0.40%

0.25%

0.00%

25-May-05

22,223

251

8,733,175

99.60%

99.75%

0.39%

0.25%

0.00%

25-Apr-05

22,249

258

9,049,045

99.61%

99.75%

0.37%

0.18%

0.37%

0.55%

0.00%

25-Mar-05

16,530

51,866

265

9,324,688

99.25%

99.27%

0.37%

0.55%

0.00%

25-Feb-05

51,889

269

9,427,750

99.63%

99.45%

Page 27 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

5.18%

4.30%

2.66%

2.43%

2.77%

11,527,978

2.60%

2.45%

2.16%

0.18%

0.10%

27-Dec-05

144

19,119,588

10,794,753

9,609,628

449,457

2,412

392,728,687

86.76%

88.41%

5.51%

5.02%

2.31%

1.99%

1.94%

8,658,495

1.83%

2.25%

1.98%

0.00%

25-Nov-05

162

23,773,459

9,449,288

9,374,826

2,586

422,773,700

87.99%

89.19%

4.52%

3.90%

2.16%

2.22%

1.61%

7,905,430

1.56%

1.77%

1.55%

0.03%

0.01%

25-Oct-05

140

19,793,038

11,263,562

7,862,529

53,598

2,787

460,245,971

89.90%

90.76%

4.48%

4.13%

1.93%

1.66%

0.89%

4,758,780

0.89%

1.41%

1.31%

0.00%

26-Sep-05

146

22,214,217

8,901,481

7,027,106

2,977

494,645,294

91.29%

92.02%

4.27%

3.49%

1.45%

1.38%

0.75%

3,815,896

0.66%

1.22%

1.23%

0.00%

25-Aug-05

147

20,031,372

7,926,166

7,070,923

3,180

535,203,178

92.31%

93.23%

3.02%

2.78%

1.58%

1.46%

0.44%

2,790,964

0.46%

1.00%

0.00%

25-Jul-05

109

16,795,022

8,834,671

6,048,083

3,386

570,065,788

93.95%

94.30%

2.80%

2.43%

1.03%

0.94%

0.50%

3,527,882

0.55%

0.56%

0.58%

0.00%

27-Jun-05

106

15,572,652

5,987,013

3,702,348

3,594

610,747,693

95.10%

95.50%

2.42%

2.28%

0.98%

0.99%

0.33%

2,646,115

0.39%

0.48%

0.00%

25-May-05

15,441,442

6,684,844

3,237,354

3,800

647,768,442

95.79%

95.86%

2.22%

2.15%

0.88%

0.97%

0.10%

580,732

0.08%

0.24%

0.00%

25-Apr-05

15,123,876

6,847,560

1,713,197

3,965

679,718,464

96.57%

96.55%

2.30%

2.40%

0.75%

0.83%

0.05%

470,186

0.06%

0.00%

25-Mar-05

17,696,471

6,088,011

4,137

713,577,468

96.91%

96.71%

2.67%

2.76%

0.05%

0.04%

0.00%

25-Feb-05

117

20,979,350

301,142

4,264

740,064,976

97.28%

97.20%

Page 28 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

2.91%

2.15%

2.91%

2.54%

0.92%

498,926

0.54%

1.38%

1.04%

0.15%

27-Dec-05

1,999,931

2,357,643

969,190

136,114

599

86,927,679

91.73%

93.58%

3.83%

3.24%

2.06%

1.52%

0.88%

588,366

0.61%

1.47%

1.03%

0.00%

25-Nov-05

3,133,967

1,465,763

998,845

622

90,509,409

91.74%

93.60%

3.40%

3.06%

0.57%

0.45%

0.99%

725,070

0.71%

1.70%

1.23%

0.00%

25-Oct-05

3,116,791

453,184

1,250,439

659

96,257,895

93.34%

94.55%

2.16%

1.97%

1.35%

1.10%

0.68%

459,158

0.43%

0.95%

0.68%

0.00%

26-Sep-05

2,123,977

1,187,010

729,895

702

103,314,876

94.86%

95.83%

2.80%

2.10%

0.89%

0.76%

0.89%

869,221

0.75%

0.51%

0.31%

0.00%

25-Aug-05

2,423,080

870,741

354,372

747

110,653,500

94.92%

96.08%

2.82%

2.67%

0.74%

0.64%

0.12%

99,821

0.08%

0.74%

0.49%

0.00%

25-Jul-05

3,208,531

773,438

592,924

779

115,463,357

95.58%

96.11%

2.36%

2.08%

1.06%

0.75%

0.00%

0.83%

0.67%

0.00%

27-Jun-05

2,616,205

940,826

840,318

811

121,368,436

95.75%

96.50%

1.49%

1.34%

0.23%

0.10%

0.11%

91,509

0.07%

0.57%

0.52%

0.00%

25-May-05

1,745,337

128,091

685,020

852

127,907,347

97.59%

97.97%

1.34%

1.21%

0.45%

0.38%

0.11%

108,991

0.08%

0.22%

0.27%

0.00%

25-Apr-05

1,636,316

509,893

362,076

877

132,262,278

97.88%

98.06%

1.31%

1.13%

0.65%

0.57%

0.00%

25-Mar-05

1,565,022

796,001

899

136,380,289

98.04%

98.30%

1.91%

1.99%

0.11%

0.15%

0.00%

25-Feb-05

2,855,604

219,214

921

140,312,844

97.98%

97.86%

Page 29 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

1,533,243

427,288

120

16,023,663

4,367,633

0.00%

2.02%

1.76%

0.24%

0.17% 0.07%

0.05% 0.72%

0.48%

0.00%

0.66%

0.52%

4,746,454

19 2,273,740

0.00%

0.32%

0.00%

0.25%

25-Nov-05

893,240

843,499

113

15,184,826

3,398,176

0.00%

1.82%

1.58%

0.14%

0.09% 0.14%

0.09% 0.50%

0.35%

0.00%

0.66%

0.54%

5,213,350

12 1,391,480

0.00%

0.19%

0.00%

0.14%

25-Oct-05

66,124

634,489

147,186

103

13,841,706

2,329,966

0.00%

0.02%

0.01%

1.58%

1.36%

0.11%

0.06% 0.03%

0.01% 0.29%

0.23%

0.00%

0.40%

0.33%

3,348,380

11 1,236,735

0.00%

0.17%

0.00%

0.12%

26-Sep-05

340,554

147,277

261,143

12,082,541

1,430,961

0.00%

0.03%

1.29%

1.12%

0.03%

0.01% 0.04%

0.02% 0.18%

0.13%

0.00%

-0.00%

0.37%

0.31%

3,311,660

691,193

0.00%

0.09%

0.00%

0.06%

25-Aug-05

67,708

405,376

12,437,983

984,437

0.01%

0.00%

1.12%

1.09%

0.06%

0.04% 0.00%

0.00% 0.14%

0.09%

0.00%

0.34%

0.29%

3,343,237

0.00%

25-Jul-05

459,637

371,651

51,744

10,105,720

1,127,094

0.00%

0.04%

0.86%

0.84%

0.04%

0.03% 0.01%

0.00% 0.12%

0.09%

0.00%

0.29%

0.23%

2,738,986

99,317

0.00%

0.01%

0.00%

0.01%

27-Jun-05

358,377

7,182,928

962,937

0.00%

0.55%

0.57%

0.00%

0.00% 0.05%

0.03% 0.09%

0.08%

0.00%

0.21%

0.20%

2,486,998

99,367

0.00%

0.01%

0.00%

0.01%

25-May-05

281,413

91,730

203,292

6,296,685

940,203

0.00%

0.02%

0.46%

0.47%

0.01%

0.01% 0.02%

0.02% 0.07%

0.07%

0.00%

-0.00%

0.14%

0.13%

1,721,784

0.00%

25-Apr-05

656,269

4,152,956

184,313

0.00%

0.29%

0.30%

0.00%

0.00% 0.05%

0.05% 0.02%

0.01%

0.00%

0.10%

0.06%

852,904

0.00%

25-Mar-05

243,405

151,683

0.00%

0.01%

0.00%

0.00% 0.03%

0.02% 0.00%

0.00%

0.10%

0.07%

963,298

0.00%

25-Feb-05

107,754

0.00%

0.01%

0.01% 0.00%

0.00% 0.00%

0.00%

0.09%

0.05%

780,303

0.00%

Page 30 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

379,198

0.00%

0.90%

1.55%

0.00%

0.00% 0.00%

0.00%

229,584

0.00%

1.80%

0.00%

0.94%

25-Nov-05

584,031

0.00%

1.75%

2.30%

0.00%

0.00% 0.00%

0.00%

-0.00%

0.00%

229,744

0.00%

1.75%

0.00%

0.91%

25-Oct-05

556,386

0.00%

2.54%

2.13%

0.00%

0.00% 0.00%

0.00%

104,161

0.00%

0.85%

0.00%

0.40%

26-Sep-05

660,969

0.00%

3.31%

2.40%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

330,416

0.00%

1.63%

1.17%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

330,574

0.00%

1.56%

1.11%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

451,959

0.00%

2.29%

1.46%

0.00%

0.00% 0.00%

0.00%

25-May-05

452,245

0.00%

2.27%

1.44%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

121,490

0.00%

0.75%

0.38%

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

Page 31 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

111,455

0.00%

0.00% 0.00%

0.00% 1.14%

2.10%

0.00%

25-Nov-05

111,496

0.00%

0.00% 0.00%

0.00% 1.08%

1.95%

0.00%

25-Oct-05

111,537

0.00%

0.00% 0.00%

0.00% 1.01%

1.81%

0.00%

26-Sep-05

111,578

62,587

0.00%

0.93%

1.62%

0.00%

0.00% 0.00%

0.00% 0.93%

0.91%

0.00%

25-Aug-05

62,754

0.00%

0.00% 0.00%

0.00% 0.87%

0.84%

0.00%

25-Jul-05

62,919

0.00%

0.00% 0.00%

0.00% 0.81%

0.77%

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%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

Page 32 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

223,352

90,895

3,678,277

1,436,677

0.00%

3.42%

2.24%

0.24%

0.14% 0.12%

0.06% 1.30%

0.88%

0.00%

-0.00%

0.59%

0.29%

473,787

774,394

0.00%

0.59%

0.00%

0.47%

25-Nov-05

208,206

199,408

3,600,829

1,104,489

0.00%

3.05%

2.08%

0.23%

0.12% 0.23%

0.11% 0.79%

0.64%

0.00%

0.68%

0.35%

598,876

471,536

0.00%

0.45%

0.00%

0.27%

25-Oct-05

177,629

83,896

3,610,271

846,892

0.00%

2.70%

1.96%

0.22%

0.10% 0.11%

0.05% 0.43%

0.46%

0.00%

0.22%

0.11%

198,585

471,727

0.00%

0.43%

0.00%

0.26%

26-Sep-05

340,554

83,946

84,369

2,779,997

603,285

0.00%

0.21%

0.17%

2.06%

1.40%

0.10%

0.04% 0.10%

0.04% 0.31%

0.30%

0.00%

0.31%

0.13%

259,070

334,986

0.00%

0.31%

0.00%

0.17%

25-Aug-05

228,459

3,447,577

319,003

0.00%

2.06%

1.64%

0.20%

0.11% 0.00%

0.00% 0.29%

0.15%

0.00%

-0.00%

0.20%

0.09%

198,837

0.00%

25-Jul-05

163,806

2,832,682

398,616

0.00%

0.19%

0.07%

1.42%

1.29%

0.00%

0.00% 0.00%

0.00% 0.38%

0.18%

0.00%

-0.00%

0.19%

0.09%

199,039

99,317

0.00%

0.09%

0.00%

0.05%

27-Jun-05

91,670

1,919,876

321,293

0.00%

0.81%

0.00%

0.00% 0.09%

0.04% 0.27%

0.14%

0.00%

0.09%

0.17%

406,978

99,367

0.00%

0.09%

0.00%

0.04%

25-May-05

91,730

1,589,990

321,478

0.00%

0.69%

0.65%

0.09%

0.04% 0.00%

0.00% 0.26%

0.13%

0.00%

0.09%

0.17%

407,363

0.00%

25-Apr-05

137,348

1,625,176

184,313

0.00%

0.66%

0.62%

0.00%

0.00% 0.08%

0.05% 0.16%

0.07%

0.00%

25-Mar-05

79,704

151,683

0.00%

0.08%

0.06%

0.00%

0.00% 0.08%

0.03% 0.00%

0.00%

0.08%

0.03%

70,168

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.08%

0.03%

70,207

0.00%

Page 33 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

178,705

69,542

0.00%

1.06%

0.54%

0.00%

0.00% 0.00%

0.00% 0.53%

0.21%

0.00%

1.60%

1.66%

548,542

0.00%

25-Nov-05

36,222

69,577

0.00%

0.52%

0.11%

0.00%

0.00% 0.00%

0.00% 0.52%

0.20%

0.00%

2.07%

2.75%

938,317

0.00%

25-Oct-05

78,244

69,611

0.00%

1.00%

0.22%

0.00%

0.00% 0.00%

0.00% 0.50%

0.20%

0.00%

2.00%

2.64%

930,639

0.00%

26-Sep-05

78,284

0.00%

0.95%

0.21%

0.00%

0.00% 0.00%

0.00%

1.43%

1.46%

547,923

0.00%

25-Aug-05

226,310

0.00%

0.47%

0.59%

0.00%

0.00% 0.00%

0.00%

1.40%

1.43%

548,332

0.00%

25-Jul-05

67,549

0.00%

0.44%

0.17% 0.00%

0.00% 0.00%

0.00%

0.89%

0.39%

158,097

0.00%

27-Jun-05

89,595

65,258

0.00%

0.42%

0.16%

0.00%

0.00% 0.42%

0.21% 0.00%

0.00%

0.84%

0.38%

158,192

0.00%

25-May-05

65,296

0.00%

0.40%

0.15%

0.00%

0.00% 0.00%

0.00%

0.40%

0.21%

90,696

0.00%

25-Apr-05

65,334

0.00%

0.39%

0.14%

0.00%

0.00% 0.00%

0.00%

0.39%

0.20%

90,747

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

0.38%

0.19%

90,798

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.38%

0.19%

90,848

0.00%

Page 34 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

181,982

1,208,665

386,421

0.00%

1.01%

0.85%

0.18%

0.13% 0.00%

0.00% 0.46%

0.27%

0.00%

0.64%

0.69%

983,753

684,192

0.00%

0.55%

0.00%

0.48%

25-Nov-05

133,275

590,073

253,398

0.00%

0.63%

0.40%

0.00%

0.00% 0.18%

0.09% 0.27%

0.17%

0.00%

0.81%

0.80%

1,167,176

690,200

0.00%

0.54%

0.00%

0.47%

25-Oct-05

64,399

549,960

66,973

0.00%

0.61%

0.36%

0.09%

0.04% 0.00%

0.00% 0.09%

0.04%

0.00%

0.43%

0.34%

512,154

607,249

0.00%

0.43%

0.00%

0.40%

26-Sep-05

694,713

67,010

0.00%

0.68%

0.44%

0.00%

0.00% 0.00%

0.00% 0.08%

0.04%

0.00%

0.34%

0.29%

462,858

356,207

0.00%

0.25%

0.00%

0.23%

25-Aug-05

1,076,093

67,047

0.00%

0.89%

0.65%

0.00%

0.00% 0.00%

0.00% 0.08%

0.04%

0.00%

0.32%

0.28%

463,129

0.00%

25-Jul-05

597,290

67,084

0.00%

0.47%

0.34%

0.00%

0.00% 0.00%

0.00% 0.08%

0.04%

0.00%

-0.00%

0.39%

0.36%

632,444

0.00%

27-Jun-05

67,120

203,169

282,618

0.00%

0.15%

0.11%

0.00%

0.00% 0.08%

0.04% 0.08%

0.16%

0.00%

0.15%

0.14%

245,778

0.00%

25-May-05

138,689

409,504

0.00%

0.08%

0.15%

0.22%

0.00%

0.00% 0.00%

0.00%

0.15%

0.13%

245,923

0.00%

25-Apr-05

265,684

0.00%

0.15%

0.14%

0.00%

0.00% 0.00%

0.00%

0.22%

0.18%

339,188

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

0.14%

276,696

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.07%

0.05%

93,231

0.00%

Page 35 of 48

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-HE1

ABN AMRO Acct: 722299.2

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%

1.60%

1.35%

82,305

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

0.51%

0.29%

18,810

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%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

Page 36 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

924,298

336,393

9,609,628

2,093,970

0.00%

2.45%

2.16%

0.29%

0.21% 0.11%

0.08% 0.76%

0.47%

0.00%

-0.00%

0.58%

0.50%

2,205,427

449,457

0.00%

0.18%

0.00%

0.10%

25-Nov-05

685,033

401,060

9,374,826

1,550,848

0.00%

2.25%

1.98%

0.24%

0.14% 0.14%

0.08% 0.51%

0.33%

0.00%

0.44%

0.37%

1,744,445

0.00%

25-Oct-05

66,124

282,598

63,291

7,796,405

1,074,666

0.00%

0.03%

0.01%

1.74%

1.54%

0.10%

0.06% 0.03%

0.01% 0.32%

0.21%

0.00%

-0.00%

0.26%

0.20%

989,776

53,598

0.00%

0.03%

0.00%

0.01%

26-Sep-05

63,330

176,774

7,027,106

537,652

0.00%

1.41%

1.31%

0.03%

0.01% 0.06%

0.03% 0.15%

0.10%

0.00%

0.31%

0.26%

1,393,566

0.00%

25-Aug-05

67,708

176,917

7,003,216

464,204

0.03%

0.01%

0.00%

1.19%

1.22%

0.06%

0.03% 0.00%

0.00% 0.12%

0.08%

0.00%

0.26%

0.24%

1,357,172

0.00%

25-Jul-05

295,831

55,812

51,744

5,752,251

598,475

0.00%

0.03%

0.05%

0.97%

0.95%

0.03%

0.01% 0.03%

0.01% 0.08%

0.10%

0.00%

-0.00%

0.25%

0.22%

1,314,594

0.00%

27-Jun-05

109,993

3,702,348

359,026

0.00%

0.56%

0.58%

0.00%

0.00% 0.03%

0.02% 0.08%

0.06%

0.00%

0.16%

0.17%

1,084,782

0.00%

25-May-05

203,292

3,237,354

618,725

0.00%

0.48%

0.00%

0.00% 0.05%

0.03% 0.08%

0.09%

0.00%

-0.00%

0.08%

542,303

0.00%

25-Apr-05

518,921

1,713,197

0.00%

0.24%

0.00%

0.00% 0.07%

0.07% 0.00%

0.00%

0.05%

0.03%

196,336

0.00%

25-Mar-05

163,701

0.00%

0.00% 0.05%

0.02% 0.00%

0.00%

0.07%

0.04%

298,812

0.00%

25-Feb-05

107,754

0.00%

0.02%

0.01% 0.00%

0.00% 0.00%

0.00%

0.07%

0.04%

299,004

0.00%

Page 37 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

203,611

969,190

269,568

0.00%

1.38%

1.04%

0.31%

0.22% 0.00%

0.00% 0.61%

0.29%

0.00%

0.77%

0.49%

452,641

136,114

0.00%

0.15%

0.00%

0.15%

25-Nov-05

109,756

998,845

308,369

0.00%

1.47%

1.03%

0.00%

0.00% 0.15%

0.11% 0.59%

0.32%

0.00%

1.18%

0.77%

745,727

0.00%

25-Oct-05

109,862

1,250,439

160,287

0.00%

1.70%

1.23%

0.14%

0.11% 0.00%

0.00% 0.28%

0.16%

0.00%

0.99%

0.70%

717,225

0.00%

26-Sep-05

729,895

160,427

0.00%

0.95%

0.68%

0.00%

0.00% 0.00%

0.00% 0.27%

0.15%

0.00%

0.68%

0.60%

648,243

0.00%

25-Aug-05

354,372

71,428

0.00%

0.51%

0.31%

0.00%

0.00% 0.00%

0.00% 0.13%

0.06%

0.00%

0.76%

0.67%

775,768

0.00%

25-Jul-05

248,290

592,924

0.00%

0.74%

0.49%

0.12%

0.21% 0.00%

0.00% 0.00%

0.00%

0.49%

0.36%

434,812

0.00%

27-Jun-05

840,318

0.00%

0.83%

0.67%

0.00%

0.00% 0.00%

0.00%

0.59%

0.47%

591,269

0.00%

25-May-05

142,723

542,297

0.00%

0.11%

0.46%

0.42%

0.00%

0.00% 0.00%

0.00%

0.46%

0.33%

435,499

0.00%

25-Apr-05

362,076

0.00%

0.22%

0.27%

0.00%

0.00% 0.00%

0.00%

0.22%

0.17%

226,633

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

0.22%

0.16%

226,823

0.00%

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.21%

0.16%

227,012

0.00%

Page 38 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

5,944

66.11%

912,333,956

60.06%

4.27%

5.08%

0.06%

161,297

0.02%

342

7.40%

6.90%

265

48,884,691

0.00

221,969.73

25-Nov-05

6,213

69.10%

962,322,721

63.35%

4.46%

5.56%

0.05%

170,918

0.02%

343

7.39%

6.89%

290

56,695,741

0.00

187,954.32

25-Oct-05

6,506

72.36%

1,020,143,949

67.16%

4.35%

5.36%

0.01%

74,027

0.01%

344

7.37%

6.87%

296

57,868,015

0.00

131,174.18

26-Sep-05

6,803

75.66%

1,079,102,353

71.04%

4.92%

5.78%

0.01%

7,595

0.00%

345

7.37%

6.87%

352

66,248,943

0.00

75,711.68

25-Aug-05

7,156

79.59%

1,146,280,560

75.47%

4.11%

4.75%

0.03%

33,379

0.00%

346

7.37%

6.87%

307

57,216,762

0.00

68,157.86

25-Jul-05

7,464

83.02%

1,204,220,298

79.28%

4.05%

5.14%

0.01%

16,613

0.00%

347

7.37%

6.87%

315

65,373,077

0.00

113,210.60

27-Jun-05

7,780

86.53%

1,270,700,379

83.66%

3.87%

4.34%

0.00%

348

7.39%

6.88%

313

57,711,500

0.00

25-May-05

8,093

90.01%

1,329,357,086

87.52%

3.21%

3.90%

0.00%

349

7.39%

6.89%

268

53,970,562

0.00

25-Apr-05

8,361

92.99%

1,384,585,369

91.15%

3.04%

3.78%

0.00%

350

7.39%

6.88%

262

54,479,713

0.00

25-Mar-05

8,623

95.91%

1,440,076,753

94.81%

2.17%

2.65%

0.00%

351

7.39%

6.89%

191

39,269,177

0.00

25-Feb-05

8,814

98.03%

1,480,434,008

97.46%

1.97%

2.44%

0.00%

352

7.40%

6.89%

177

37,112,047

0.00

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

Page 39 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

111

1.23%

24,459,027

1.61%

2.63%

3.49%

0.00%

340

7.19%

6.69%

885,913

0.00

25-Nov-05

114

1.27%

25,365,638

1.67%

2.54%

1.91%

0.85%

134,023

0.51%

341

7.23%

6.72%

497,651

0.00

91,911.99

25-Oct-05

118

1.31%

26,106,750

1.72%

2.48%

5.02%

0.00%

342

7.15%

6.65%

1,381,160

0.00

26-Sep-05

121

1.35%

27,514,035

1.81%

1.63%

2.62%

0.00%

343

7.15%

6.65%

740,679

0.00

25-Aug-05

123

1.37%

28,278,231

1.86%

3.91%

4.82%

0.00%

344

7.15%

6.65%

1,431,015

0.00

25-Jul-05

128

1.42%

29,715,002

1.96%

2.29%

4.03%

0.00%

344

7.12%

6.61%

1,248,306

0.00

27-Jun-05

131

1.46%

31,007,447

2.04%

0.76%

1.38%

0.00%

346

7.13%

6.63%

433,929

0.00

25-May-05

132

1.47%

31,467,575

2.07%

1.49%

1.90%

0.00%

347

7.11%

6.60%

611,126

0.00

25-Apr-05

134

1.49%

32,105,045

2.11%

1.47%

0.70%

0.00%

348

7.08%

6.58%

228,001

0.00

25-Mar-05

136

1.51%

32,359,893

2.13%

0.73%

1.39%

0.00%

349

7.11%

6.61%

455,000

0.00

25-Feb-05

137

1.52%

32,841,713

2.16%

0.00%

350

7.11%

6.61%

0.00

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

Page 40 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

0.98%

5,312,750

0.35%

4.30%

6.06%

1.08%

71,671

1.25%

216

10.83%

10.32%

347,431

0.00

(5,701.59)

25-Nov-05

1.03%

5,731,326

0.38%

6.06%

6.69%

0.00%

215

10.85%

10.35%

411,174

0.00

25-Oct-05

1.10%

6,148,029

0.40%

8.33%

10.40%

0.00%

216

10.85%

10.35%

714,386

0.00

26-Sep-05

108

1.20%

6,868,170

0.45%

6.09%

8.06%

0.00%

217

10.82%

10.32%

602,924

0.00

25-Aug-05

115

1.28%

7,477,085

0.49%

6.50%

7.89%

0.00%

218

10.82%

10.32%

641,181

0.00

25-Jul-05

123

1.37%

8,125,794

0.53%

5.38%

6.31%

0.00%

217

10.80%

10.30%

547,648

0.00

27-Jun-05

130

1.45%

8,680,959

0.57%

2.26%

2.80%

0.00%

220

10.81%

10.31%

250,242

0.00

25-May-05

133

1.48%

8,938,644

0.59%

6.34%

6.92%

0.00%

221

10.80%

10.30%

664,938

0.00

25-Apr-05

142

1.58%

9,611,394

0.63%

2.74%

3.71%

0.00%

221

10.80%

10.30%

370,973

0.00

25-Mar-05

146

1.62%

9,990,413

0.66%

1.35%

1.81%

0.00%

221

10.81%

10.31%

184,141

0.00

25-Feb-05

148

1.65%

10,182,547

0.67%

3.90%

3.27%

0.00%

222

10.83%

10.33%

344,512

0.00

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

Page 41 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

27-Dec-05

849

9.44%

163,939,286

10.79%

3.95%

5.41%

0.11%

3,815

0.00%

346

7.54%

7.04%

9,384,332

0.00

81,184.26

25-Nov-05

885

9.84%

173,519,457

11.42%

4.43%

5.81%

0.00%

347

7.52%

7.02%

10,700,977

0.00

25-Oct-05

926

10.30%

184,336,002

12.14%

4.73%

6.78%

0.00%

348

7.46%

6.96%

13,410,820

0.00

26-Sep-05

972

10.81%

197,932,692

13.03%

4.42%

5.48%

0.10%

7,595

0.00%

349

7.46%

6.96%

11,485,249

0.00

75,711.68

25-Aug-05

1,018

11.32%

209,618,914

13.80%

3.78%

4.54%

0.00%

350

7.44%

6.94%

9,965,856

0.00

25-Jul-05

1,058

11.77%

219,731,825

14.47%

5.20%

7.09%

0.00%

351

7.45%

6.95%

16,779,375

0.00

27-Jun-05

1,116

12.41%

236,657,142

15.58%

3.63%

3.69%

0.00%

352

7.47%

6.97%

9,084,782

0.00

25-May-05

1,158

12.88%

245,885,787

16.19%

4.61%

5.86%

0.00%

353

7.46%

6.96%

15,340,956

0.00

25-Apr-05

1,214

13.50%

261,592,417

17.22%

2.72%

4.00%

0.00%

354

7.45%

6.95%

10,896,511

0.00

25-Mar-05

1,248

13.88%

272,666,565

17.95%

1.50%

1.97%

0.00%

355

7.45%

6.95%

5,496,449

0.00

25-Feb-05

1,267

14.09%

278,332,129

18.32%

3.13%

3.71%

0.00%

356

7.46%

6.96%

10,722,640

0.00

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

Page 42 of 48

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-HE1

ABN AMRO Acct: 722299.2

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

27-Dec-05

188

2.09%

33,026,086

2.17%

2.59%

3.23%

0.00%

345

7.53%

7.03%

1,102,343

0.00

25-Nov-05

193

2.15%

34,141,249

2.25%

3.50%

2.91%

0.00%

346

7.56%

7.06%

1,025,025

0.00

25-Oct-05

200

2.22%

35,186,475

2.32%

4.76%

6.19%

0.00%

347

7.53%

7.03%

2,324,140

0.00

26-Sep-05

210

2.34%

37,535,684

2.47%

2.33%

1.76%

0.00%

348

7.55%

7.05%

674,338

0.00

25-Aug-05

215

2.39%

38,236,707

2.52%

4.44%

4.70%

0.00%

349

7.61%

7.10%

1,885,309

0.00

25-Jul-05

225

2.50%

40,148,716

2.64%

5.06%

4.32%

0.00%

350

7.65%

7.15%

1,813,923

0.00

27-Jun-05

237

2.64%

41,990,778

2.76%

4.44%

4.89%

0.00%

351

7.66%

7.16%

2,158,683

0.00

25-May-05

248

2.76%

44,177,845

2.91%

2.75%

3.25%

0.00%

352

7.69%

7.18%

1,487,347

0.00

25-Apr-05

255

2.84%

45,695,256

3.01%

1.92%

2.07%

0.00%

353

7.67%

7.17%

967,558

0.00

25-Mar-05

260

2.89%

46,693,074

3.07%

1.52%

1.50%

0.00%

354

7.70%

7.19%

711,250

0.00

25-Feb-05

264

2.94%

47,434,855

3.12%

1.86%

2.84%

0.00%

355

7.69%

7.19%

1,387,505

0.00

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

Page 43 of 48

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-HE1

ABN AMRO Acct: 722299.2

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 II Loans - Fixed 1st Lien

27-Dec-05

1,088

12.10%

142,395,728

9.37%

2.24%

2.53%

0.09%

61,888

0.04%

331

7.49%

6.99%

3,702,890

0.00

53,418.74

25-Nov-05

1,114

12.39%

146,360,507

9.64%

3.30%

4.01%

0.00%

332

7.49%

6.99%

6,119,312

0.00

25-Oct-05

1,152

12.81%

152,632,863

10.05%

2.54%

2.63%

0.00%

333

7.49%

6.99%

4,121,467

0.00

26-Sep-05

1,182

13.15%

156,916,689

10.33%

4.14%

5.38%

0.00%

334

7.49%

6.99%

8,928,209

0.00

25-Aug-05

1,233

13.71%

166,008,888

10.93%

3.44%

4.38%

0.08%

21,374

0.01%

336

7.49%

6.99%

7,617,758

0.00

55,160.24

25-Jul-05

1,278

14.21%

173,875,223

11.45%

1.77%

2.66%

0.00%

337

7.49%

6.99%

4,753,985

0.00

27-Jun-05

1,301

14.47%

178,803,888

11.77%

2.18%

2.62%

0.00%

339

7.50%

7.00%

4,822,993

0.00

25-May-05

1,330

14.79%

183,796,334

12.10%

1.85%

1.96%

0.00%

340

7.50%

7.00%

3,677,087

0.00

25-Apr-05

1,355

15.07%

187,646,581

12.35%

1.81%

2.38%

0.00%

341

7.49%

6.99%

4,576,807

0.00

25-Mar-05

1,380

15.35%

192,400,275

12.67%

1.78%

2.46%

0.00%

342

7.49%

6.99%

4,849,581

0.00

25-Feb-05

1,405

15.63%

197,429,996

13.00%

1.20%

1.41%

0.00%

342

7.49%

6.99%

2,832,827

0.00

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

Page 44 of 48

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-HE1

ABN AMRO Acct: 722299.2

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 II Loans - Fixed 2nd Lien

27-Dec-05

187

2.08%

6,081,505

0.40%

5.08%

6.04%

0.00%

241

10.47%

9.97%

391,103

0.00

25-Nov-05

197

2.19%

6,478,425

0.43%

3.41%

4.24%

0.49%

35,529

0.52%

242

10.47%

9.97%

288,359

0.00

(2,108.78)

25-Oct-05

205

2.28%

6,806,324

0.45%

1.91%

2.31%

0.00%

243

10.48%

9.98%

161,191

0.00

26-Sep-05

209

2.32%

6,973,286

0.46%

5.00%

6.22%

0.00%

244

10.50%

10.00%

463,034

0.00

25-Aug-05

220

2.45%

7,442,285

0.49%

5.15%

6.00%

0.43%

12,005

0.15%

243

10.53%

10.03%

477,397

0.00

12,997.62

25-Jul-05

233

2.59%

7,951,139

0.52%

2.51%

3.57%

0.00%

243

10.54%

10.04%

294,999

0.00

27-Jun-05

239

2.66%

8,256,792

0.54%

5.16%

5.61%

0.00%

242

10.54%

10.04%

491,224

0.00

25-May-05

252

2.80%

8,755,398

0.58%

2.70%

3.39%

0.00%

242

10.55%

10.05%

307,597

0.00

25-Apr-05

259

2.88%

9,071,295

0.60%

3.00%

3.33%

0.00%

241

10.56%

10.06%

313,227

0.00

25-Mar-05

267

2.97%

9,393,085

0.62%

1.11%

0.83%

0.00%

241

10.56%

10.06%

78,562

0.00

25-Feb-05

270

3.00%

9,479,639

0.62%

1.46%

1.86%

0.00%

242

10.57%

10.07%

179,925

0.00

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

Page 45 of 48

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-HE1

ABN AMRO Acct: 722299.2

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 II Loans - ARM 228

27-Dec-05

2,780

30.92%

444,230,091

29.25%

5.38%

6.19%

0.03%

23,922

0.01%

346

7.32%

6.82%

158

29,345,795

0.00

93,068.32

25-Nov-05

2,939

32.69%

474,029,768

31.21%

5.19%

6.45%

0.00%

347

7.32%

6.82%

161

32,734,600

0.00

25-Oct-05

3,100

34.48%

507,124,127

33.39%

4.91%

5.55%

0.03%

74,027

0.01%

348

7.29%

6.79%

160

29,836,345

0.00

131,174.18

26-Sep-05

3,261

36.27%

537,546,879

35.39%

5.34%

6.29%

0.00%

349

7.29%

6.79%

184

36,096,765

0.00

25-Aug-05

3,445

38.32%

574,047,536

37.79%

4.44%

5.02%

0.00%

350

7.29%

6.79%

160

30,330,060

0.00

25-Jul-05

3,604

40.08%

604,534,528

39.80%

4.60%

5.38%

0.03%

16,613

0.00%

351

7.29%

6.79%

174

34,413,001

0.00

113,210.60

27-Jun-05

3,779

42.03%

639,537,589

42.10%

4.74%

5.30%

0.00%

352

7.31%

6.81%

188

35,784,134

0.00

25-May-05

3,967

44.12%

675,778,198

44.49%

3.39%

3.93%

0.00%

353

7.31%

6.81%

139

27,669,426

0.00

25-Apr-05

4,106

45.67%

703,983,828

46.35%

3.82%

4.52%

0.00%

354

7.31%

6.81%

163

33,374,320

0.00

25-Mar-05

4,269

47.48%

737,832,136

48.58%

2.60%

3.02%

0.00%

355

7.32%

6.82%

114

22,961,906

0.00

25-Feb-05

4,383

48.75%

761,345,468

50.12%

1.97%

2.36%

0.00%

356

7.33%

6.83%

18,407,738

0.00

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

Page 46 of 48

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-HE1

ABN AMRO Acct: 722299.2

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 II Loans - ARM 327

27-Dec-05

653

7.26%

92,889,483

6.12%

3.69%

3.85%

0.00%

345

6.98%

6.48%

3,724,882

0.00

25-Nov-05

678

7.54%

96,696,350

6.37%

3.82%

4.83%

0.14%

1,366

0.00%

346

6.98%

6.47%

4,918,642

0.00

98,151.11

25-Oct-05

706

7.85%

101,803,380

6.70%

4.59%

5.49%

0.00%

347

6.98%

6.48%

5,918,506

0.00

26-Sep-05

740

8.23%

107,814,917

7.10%

5.97%

6.30%

0.00%

348

6.98%

6.48%

7,257,744

0.00

25-Aug-05

787

8.75%

115,170,914

7.58%

3.44%

4.05%

0.00%

349

6.99%

6.48%

4,868,186

0.00

25-Jul-05

815

9.06%

120,138,072

7.91%

3.78%

4.39%

0.00%

350

6.98%

6.48%

5,521,840

0.00

27-Jun-05

847

9.42%

125,765,785

8.28%

2.98%

3.59%

0.00%

351

6.99%

6.49%

4,685,512

0.00

25-May-05

873

9.71%

130,557,304

8.60%

2.57%

3.12%

0.00%

352

7.00%

6.50%

4,212,086

0.00

25-Apr-05

896

9.97%

134,879,554

8.88%

2.29%

2.70%

0.00%

353

7.01%

6.51%

3,752,317

0.00

25-Mar-05

917

10.20%

138,741,313

9.13%

2.45%

3.16%

0.00%

354

7.01%

6.51%

4,532,288

0.00

25-Feb-05

940

10.45%

143,387,661

9.44%

1.67%

2.21%

0.00%

355

7.01%

6.51%

3,236,900

0.00

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

Page 47 of 48

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-HE1

ABN AMRO Acct: 722299.2

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:

200512

2721

116,990.47

107,586.76

4,652.24

93,068.32

23,922.15

91.96%

79.55%

Not Avail.

118,000.00

200512

3456

65,969.80

0.00

162.05

)

(5,701.59

71,671.39

0.00%

(8.64%)

Not Avail.

335,000.00

200512

4096

115,306.77

66,095.27

3,404.20

53,418.74

61,888.03

57.32%

46.33%

Not Avail.

129,000.00

200512

4388

84,999.30

91,066.89

1,847.06

81,184.26

3,815.04

107.14%

95.51%

Not Avail.

90,000.00

200511

1587

33,420.10

0.00

27.45

)

(2,108.78

35,528.88

0.00%

(6.31%)

Not Avail.

174,000.00

200511

4465

225,935.04

119,001.00

6,256.34

91,911.99

134,023.05

52.67%

40.68%

Not Avail.

267,000.00

200511

4973

99,517.07

106,166.00

2,531.45

98,151.11

1,365.96

106.68%

98.63%

Not Avail.

130,000.00

200510

6828

205,200.92

145,617.58

2,678.61

131,174.18

74,026.74

70.96%

63.92%

Not Avail.

230,000.00

200509

1053

83,306.64

83,100.57

2,944.42

75,711.68

7,594.96

99.75%

90.88%

Not Avail.

120,000.00

200508

1516

25,002.55

13,701.83

101.51

12,997.62

12,004.93

54.80%

51.99%

Not Avail.

167,500.00

200508

1652

76,534.00

59,896.74

118.30

55,160.24

21,373.76

78.26%

72.07%

Not Avail.

87,000.00

200507

7989

129,823.47

119,316.61

288.75

113,210.60

16,612.87

91.91%

87.20%

Not Avail.

145,000.00

1,262,006.13

911,549.25

25,012.38

798,178.37

463,827.76

383,266.34

161,296.61

221,969.73

10,065.55

264,748.92

Current Total
Cumulative

Page 48 of 48

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

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE1 8-K