_________________________________________________

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)

~~February~~May 2319, 2005

HMB Acceptance Corp.

(Exact Name of Registrant as Specified in its Charter)

Delaware

333-121040

20-1116280

(State or Other Jurisdiction

Of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

2002 Summit Blvd., Suite 100 Atlanta, GA		30319
2002 Summit Blvd., Suite 100 Atlanta, Georgia		30319
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (404) ~~459~~497-~~7400~~1000

~~No Change~~ None

(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:

[ ] 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))

Item 8.01. Other Events.1

~~Filed~~In ~~herewith~~connection ~~are~~with ~~certain~~the ~~materials~~offering (of the ~~“Computational~~HomeBanc ~~Materials”)~~Mortgage ~~furnished~~Trust to2005-3 ~~the~~Mortgage ~~Registrant~~Backed byNotes ~~Bear~~(the “Notes”), Bear Stearns & Co., Inc., as ~~representative~~an underwriter of the ~~underwriters~~Notes (the “~~Representative~~Underwriter”), inhas ~~respect~~prepared ofcertain ~~HomeBanc~~materials ~~Mortgage~~(the ~~Trust~~“Collateral ~~2005-1,~~Term ~~Class~~Sheet”) ~~A-1,~~for ~~Class~~distribution ~~A-2,~~to ~~Class~~potential ~~M-1,~~investors. Although ~~Class~~HMB ~~M-2,~~Acceptance ~~Class~~Corp. ~~M-3,~~provided ~~Class~~the ~~M-4,~~Underwriter ~~Class~~with ~~M-5,~~certain ~~Class~~information ~~M-6,~~regarding ~~Class~~the ~~B-1~~characteristics ~~and~~of ~~Class B-2 Notes (~~the ~~“Notes”).~~mortgage ~~The~~loans ~~Notes~~in ~~have been registered pursuant to~~ the ~~Securities~~related ~~Act of 1933~~portfolio, asit ~~amended~~did ~~under~~not aparticipate ~~Registration~~in ~~Statement~~the onpreparation ~~Form~~of ~~S-3 (No. 333-121040) (~~the ~~“Registration~~Collateral ~~Statement”). The~~Term ~~Computational~~Sheet ~~Materials~~filed ~~are incorporated by reference in the Registration Statement~~hereby.

~~The~~For ~~Computational~~purposes ~~Materials~~of ~~were~~this ~~prepared~~Form ~~solely~~8-K, by“Collateral Term Sheet” shall mean certain descriptive information about the ~~Representative~~mortgage ~~and~~loans underlying the ~~Registrant~~offering ~~did~~of ~~not~~HomeBanc ~~prepare~~Mortgage orTrust ~~participate~~2005-3 ~~(other~~Mortgage ~~than~~Backed ~~providing~~Notes, including data regarding the ~~background~~contractual ~~information~~and ~~concerning~~related characteristics of the underlying ~~pool~~mortgage ofloans, ~~assets~~such ~~upon~~as ~~which~~ the ~~Computational~~weighted ~~Materials~~average ~~are~~coupon, ~~based~~weighted toaverage ~~the~~maturity ~~Representative)~~and inother factual information regarding the ~~preparation~~types of assets comprising the ~~Computational~~mortgage ~~Materials~~pool. The Collateral Term Sheet will be filed hereby as Exhibit 99.1.

Any statements or information contained in the Computational Materials shall be deemed to be modified or superseded for purposes of the Prospectus and the Registration Statement by statements or information contained in the Prospectus.

________________

1 Capitalized terms used but not otherwise defined herein shall have the same meanings ascribed to them in the Prospectus.

Item 9.01. Financial Statements and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

99.1

~~Computational~~Collateral ~~Materials~~Term Sheet.

SIGNATURES

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

HMB ACCEPTANCE CORP.

By: /S/ Alana L. Griffin

Name: Alana L. Griffin

Title: Senior Vice President

Dated: ~~February~~ 24May 23, 2005

EXHIBIT INDEX

Exhibit No.

Description

Page No.

99.1

~~Computational~~Collateral ~~Materials~~Term Sheet

Filing Compare · HMB Acceptance Corp.