PHHMC Mortgage Pass-Through Certificates,  Series
2005-3
Distribution
Date:6/20/2005
Record
Date:5/31/2005

Distribution
Summary

DISTRIBUTION IN
DOLLARS

                                       Prior         Pass-                                                                                   Current
                 Original              Principal     Through       Interest    Principal   Total          Deferred               Realized    Principal
Class            Balance               Balance       Rate          Distributed Distributed Distributed    Interest               Loss        Balance
(1)              (2)                   (3)           (4)           (5)         (6)         (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A1               30,050,902.00         30,050,902.00 5.519445%     138,220.26  330,157.82  468,378.08     0.00                   0.00        29,720,744.18

A2               22,669,193.00         22,669,193.00 4.539445%     85,754.63   0.00        85,754.63      0.00                   0.00        22,669,193.00

A3               25,484,438.00         25,484,438.00 5.519445%     117,216.63  576,077.09  693,293.72     0.00                   0.00        24,908,360.91

A4               3,017,516.00          3,017,516.00  5.519445%     0.00        0.00        0.00           13,879.18              0.00        3,031,395.18

A5               5,074,024.00          5,074,024.00  5.519445%     0.00        0.00        0.00           23,338.16              0.00        5,097,362.16

A6               1,302,106.00          1,302,106.00  5.519445%     0.00        0.00        0.00           5,989.09               0.00        1,308,095.09

A7               13,222,397.00         13,222,397.00 7.199610%     0.00        0.00        0.00           79,330.09              0.00        13,301,727.09

B1               7,547,785.00          7,547,785.00  5.519445%     34,716.32   9,950.27    44,666.59      0.00                   0.00        7,537,834.73

B2               716,213.00            716,213.00    5.519445%     3,294.25    944.19      4,238.44       0.00                   0.00        715,268.81

B3               385,653.00            385,653.00    5.519445%     1,773.83    508.41      2,282.24       0.00                   0.00        385,144.59

B4               275,467.00            275,467.00    5.519445%     1,267.02    363.15      1,630.17       0.00                   0.00        275,103.85

B5               220,373.00            220,373.00    5.519445%     1,013.61    290.52      1,304.13       0.00                   0.00        220,082.48

B6               220,373.13            220,373.13    5.519445%     1,013.61    290.51      1,304.12       0.00                   0.00        220,082.62

RI               100.00                100.00        5.519445%     0.46        100.00      100.46         0.00                   0.00        0.00

RII              100.00                100.00        5.519445%     0.46        100.00      100.46         0.00                   0.00        0.00

Totals           110,186,640.13        110,186,640.13              384,271.08  918,781.96  1,303,053.04   122,536.52             0.00        109,390,394.69

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                       Prior                                                                                     Current
                                       Principal     Interest      Principal   Total       Deferred       Realized               Principal
                                                     Distributed
Class            CUSIP                 Balance       (5/2 x 1000)  Distributed Distributed Interest       Loss                   Balance
                                       (3/2 x 1000)                (6/2 x 1000)(7/2 x 1000)(8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                                                                                 1000)

A1               69336RAQ3             1,000.000000  4.599538      10.986619   15.586157   0.000000       0.000000               989.013381

A2               69336RAR1             1,000.000000  3.782871      0.000000    3.782871    0.000000       0.000000               1,000.000000

A3               69336RAS9             1,000.000000  4.599538      22.605054   27.204591   0.000000       0.000000               977.394946

A4               69336RAT7             1,000.000000  0.000000      0.000000    0.000000    4.599538       0.000000               1,004.599538

A5               69336RAU4             1,000.000000  0.000000      0.000000    0.000000    4.599537       0.000000               1,004.599537

A6               69336RAV2             1,000.000000  0.000000      0.000000    0.000000    4.599541       0.000000               1,004.599541

A7               69336RAW0             1,000.000000  0.000000      0.000000    0.000000    5.999675       0.000000               1,005.999675

B1               69336RAZ3             1,000.000000  4.599537      1.318303    5.917841    0.000000       0.000000               998.681697

B2               69336RBA7             1,000.000000  4.599540      1.318309    5.917848    0.000000       0.000000               998.681691

B3               69336RBB5             1,000.000000  4.599549      1.318309    5.917859    0.000000       0.000000               998.681691

B4               69336RBC3             1,000.000000  4.599535      1.318307    5.917841    0.000000       0.000000               998.681693

B5               69336RBD1             1,000.000000  4.599520      1.318310    5.917830    0.000000       0.000000               998.681690

B6               69336RBE9             1,000.000000  4.599517      1.318264    5.917781    0.000000       0.000000               998.681736

RI               69336RAX8             1,000.000000  4.600000      1,000.0000001,004.6000000.000000       0.000000               0.000000

RII              69336RAY6             1,000.000000  4.600000      1,000.0000001,004.6000000.000000       0.000000               0.000000

Interest
Distribution
Detail

DISTRIBUTION IN
DOLLARS

                 Prior                 Pass-         Optimal       Prior       Non-Recov                                                     Current
                 Principal             Through       Accrued       Unpaid      Interest    Interest       Deferred               Interest    Unpaid
                                                                                                                                 Distributed
Class            Balance               Rate          Interest      Interest    Shortfall   Due            Interest               (9)         Interest
(1)              (2)                   (3)           (4)           (5)         (6)         (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A1               30,050,902.00         5.519445%     138,220.26    0.00        0.00        138,220.26     0.00                   138,220.26  0.00

A2               22,669,193.00         4.539445%     85,754.63     0.00        0.00        85,754.63      0.00                   85,754.63   0.00

A3               25,484,438.00         5.519445%     117,216.63    0.00        0.00        117,216.63     0.00                   117,216.63  0.00

A4               3,017,516.00          5.519445%     13,879.18     0.00        0.00        13,879.18      13,879.18              0.00        0.00

A5               5,074,024.00          5.519445%     23,338.16     0.00        0.00        23,338.16      23,338.16              0.00        0.00

A6               1,302,106.00          5.519445%     5,989.09      0.00        0.00        5,989.09       5,989.09               0.00        0.00

A7               13,222,397.00         7.199610%     79,330.09     0.00        0.00        79,330.09      79,330.09              0.00        0.00

B1               7,547,785.00          5.519445%     34,716.32     0.00        0.00        34,716.32      0.00                   34,716.32   0.00

B2               716,213.00            5.519445%     3,294.25      0.00        0.00        3,294.25       0.00                   3,294.25    0.00

B3               385,653.00            5.519445%     1,773.83      0.00        0.00        1,773.83       0.00                   1,773.83    0.00

B4               275,467.00            5.519445%     1,267.02      0.00        0.00        1,267.02       0.00                   1,267.02    0.00

B5               220,373.00            5.519445%     1,013.61      0.00        0.00        1,013.61       0.00                   1,013.61    0.00

B6               220,373.13            5.519445%     1,013.61      0.00        0.00        1,013.61       0.00                   1,013.61    0.00

RI               100.00                5.519445%     0.46          0.00        0.00        0.46           0.00                   0.46        0.00

RII              100.00                5.519445%     0.46          0.00        0.00        0.46           0.00                   0.46        0.00

  Totals         110,186,640.13                      506,807.60    0.00        0.00        506,807.60     122,536.52             384,271.08  0.00

Principal
Distribution
Detail

DISTRIBUTION IN
DOLLARS

                                       Prior                                   Current     Current        Current                Cumulative
                 Original              Principal     Principal     Accreted    Realized    Principal      Principal              Realized
Class            Balance               Balance       Distribution  Principal   Losses      Recoveries     Balance                Losses
(1)              (2)                   (3)           (4)           (5)         (6)         (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A1               30,050,902.00         30,050,902.00 330,157.82    0.00        0.00        0.00           29,720,744.18          0.00

A2               22,669,193.00         22,669,193.00 0.00          0.00        0.00        0.00           22,669,193.00          0.00

A3               25,484,438.00         25,484,438.00 576,077.09    0.00        0.00        0.00           24,908,360.91          0.00

A4               3,017,516.00          3,017,516.00  0.00          13,879.18   0.00        0.00           3,031,395.18           0.00

A5               5,074,024.00          5,074,024.00  0.00          23,338.16   0.00        0.00           5,097,362.16           0.00

A6               1,302,106.00          1,302,106.00  0.00          5,989.09    0.00        0.00           1,308,095.09           0.00

A7               13,222,397.00         13,222,397.00 0.00          79,330.09   0.00        0.00           13,301,727.09          0.00

B1               7,547,785.00          7,547,785.00  9,950.27      0.00        0.00        0.00           7,537,834.73           0.00

B2               716,213.00            716,213.00    944.19        0.00        0.00        0.00           715,268.81             0.00

B3               385,653.00            385,653.00    508.41        0.00        0.00        0.00           385,144.59             0.00

B4               275,467.00            275,467.00    363.15        0.00        0.00        0.00           275,103.85             0.00

B5               220,373.00            220,373.00    290.52        0.00        0.00        0.00           220,082.48             0.00

B6               220,373.13            220,373.13    290.51        0.00        0.00        0.00           220,082.62             0.00

RI               100.00                100.00        100.00        0.00        0.00        0.00           0.00                   0.00

RII              100.00                100.00        100.00        0.00        0.00        0.00           0.00                   0.00

  Totals         110,186,640.13        110,186,640.13918,781.96    122,536.52  0.00        0.00           109,390,394.69         0.00

Collateral
Summary

ASSET
CHARACTERISTICS

                 Cut-Off               Prior         Current

Aggregate Stated
Principal Balance110,186,640.13        110,186,640.13109,390,394.69

Loan Count       199                   199           198

Weighted Average
Coupon Rate (WAC)5.781945%             5.781945%     5.781291%

Net Weighted
Average Coupon   5.519445%             5.519445%     5.518791%
Rate (Net WAC)

Weighted Average
Maturity (WAM in 336                   336           335
months)

AVAILABLE
PRINCIPAL        AVAILABLE INTEREST

Scheduled
Interest         530,911.01
Curtailments     21,622.91
Less:            Servicing Fees Net of 22,955.56
                 Trustee Fees
Trustee Fees     1,147.84
Uncompensated
PPIS             0.00
Relief Act
Shortfall        0.00
Extraordinary
Trust Fund       0.00
Expenses
Primary Mortgage
Insurance        0.00
TOTAL AVAILABLE
PRINCIPAL        796,245.44
TOTAL AVAILABLE
INTEREST         506,807.61
Current Realized
Losses           0.00
Cumulative
Realized Losses  0.00

Delinquency
Information

                 1 Month               2 Months      3+ Months     Totals

Delinquency

Scheduled
Principal Balance0.00                  0.00          0.00          0.00
Percentage of
Total Pool       0.0000%               0.0000%       0.0000%       0.0000%
Balance
Number of Loans  0                     0             0             0

Percentage of
Total Loans      0.0000%               0.0000%       0.0000%       0.0000%
Bankruptcy

Scheduled
Principal Balance                      0.00          0.00          0.00        0.00
Percentage of Total Pool Balance       0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                        0             0             0           0
Percentage of
Total Loans                            0.0000%       0.0000%       0.0000%     0.0000%

Foreclosure

Scheduled
Principal Balance                      0.00          0.00          0.00        0.00
Percentage of Total Pool Balance       0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                        0             0             0           0
Percentage of
Total Loans                            0.0000%       0.0000%       0.0000%     0.0000%

REO

Scheduled
Principal Balance                      0.00          0.00          0.00        0.00
Percentage of Total Pool Balance       0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                        0             0             0           0
Percentage of
Total Loans                            0.0000%       0.0000%       0.0000%     0.0000%

Total

Scheduled
Principal Balance                      0.00          0.00          0.00        0.00
Percentage of Total Pool Balance       0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                        0             0             0           0
Percentage of
Total Loans                            0.0000%       0.0000%       0.0000%     0.0000%

Principal and
Interest Advances103,410.79

Credit
Enhancement

SUBORDINATION
LEVELS

                 Original              Prior         Current

Aggregate
Certificate      110,186,640.13        110,186,640.13109,390,394.69
Principal Balance

Senior Principal
Balance          100,820,776.00        100,820,776.00100,036,877.61
Senior Percentage91.500000%            91.500000%    91.449416%
Senior Credit
Support          8.500000%             8.500000%     8.550584%

Class B1
Principal Balance7,547,785.00          7,547,785.00  7,537,834.73
Class B1
Percentage       6.850000%             6.850000%     6.890765%
Class B1 Credit
Support          1.650000%             1.650000%     1.659819%

Class B2
Principal Balance716,213.00            716,213.00    715,268.81
Class B2
Percentage       0.650000%             0.650000%     0.653868%
Class B2 Credit
Support          1.000000%             1.000000%     1.005951%

Class B3
Principal Balance385,653.00            385,653.00    385,144.59
Class B3
Percentage       0.350000%             0.350000%     0.352083%
Class B3 Credit
Support          0.650000%             0.650000%     0.653868%

Class B4
Principal Balance275,467.00            275,467.00    275,103.85
Class B4
Percentage       0.250000%             0.250000%     0.251488%
Class B4 Credit
Support          0.400000%             0.400000%     0.402380%

Class B5
Principal Balance220,373.00            220,373.00    220,082.48
Class B5
Percentage       0.200000%             0.200000%     0.201190%
Class B5 Credit
Support          0.200000%             0.200000%     0.201190%

Class B6
Principal Balance220,373.13            220,373.13    220,082.62
Class B6
Percentage       0.200000%             0.200000%     0.201190%
Class B6 Credit
Support          0.000000%             0.000000%     0.000000%

Other Information

Trigger
Information

Has the Class A4
Accretion
Termination Date No
Been Reached?
Has the Class A5
Accretion
Termination Date No
Been Reached?
Has the Class A6
Accretion
Termination Date No
Been Reached?
Has the Class A7
Accretion
Termination Date No
Been Reached?
Has the Credit
Support Depletion
Date Been        No
Reached?

Senior Percentage91.500000%
Senior Prepayment
Percentage       100.000000%

CONTACT
INFORMATION      CONTENTS

Distribution
Summary          2
Depositor        PHH Mortgage Capital
                 LLC
Distribution
Summary          2
(Factors)

Mt. Laurel, NJ
08054
Interest
Distribution     2
Underwriter      William J. Mayer
                 Securities, LLC
60 Arch Street
Principal
Distribution     2
Greenwich, CT
06830

Collateral
Summary          2
3000 Leadenhall
Road

Delinquency
Information      2

Trustee          Citibank, N.A.
Credit
Enhancement      2

New York, NY
10013
Other Information2

Deal Contact:    Kristen Driscoll      Citibank, N.A.
kristen.driscoll@citigroup.com         Agency and
                                       Trust
Tel: (212)                             388 Greenwich
816-5681                               Street, 14th
                                       Floor
Fax: (212)                             New York, NY
816-5527                               10013

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                 www.sf.citidirect.com 2005 Citigroup

PHHMC MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-3 8-K