PHHMC Mortgage Pass-Through Certificates,  Series
2005-4
Distribution
Date:7/18/2005
Record
Date:6/30/2005

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               22,202,550.00         22,202,550.00 4.444678%     82,235.99   0.00        82,235.99      0.00                   0.00        22,202,550.00

A2               29,429,740.00         29,429,740.00 5.614678%     137,698.76  310,579.38  448,278.14     0.00                   0.00        29,119,160.62

A3               3,233,166.00          3,233,166.00  5.614678%     0.00        0.00        0.00           15,127.66              0.00        3,248,293.66

A4               3,564,210.00          3,564,210.00  5.614678%     0.00        0.00        0.00           16,676.58              0.00        3,580,886.58

A5               14,111,411.00         14,111,411.00 5.614678%     66,025.86   0.00        66,025.86      0.00                   0.00        14,111,411.00

A6               16,884,450.00         16,884,450.00 5.614678%     79,000.63   147,885.07  226,885.70     0.00                   0.00        16,736,564.93

A7               1,484,841.00          1,484,841.00  5.614678%     0.00        0.00        0.00           6,947.42               0.00        1,491,788.42

A8               13,303,985.00         13,303,985.00 7.567250%     0.00        0.00        0.00           83,895.48              0.00        13,387,880.48

B1               4,822,695.00          4,822,695.00  5.614678%     22,564.90   6,892.27    29,457.17      0.00                   0.00        4,815,802.73

B2               776,066.00            776,066.00    5.614678%     3,631.13    1,109.10    4,740.23       0.00                   0.00        774,956.90

B3               388,033.00            388,033.00    5.614678%     1,815.57    554.55      2,370.12       0.00                   0.00        387,478.45

B4               277,166.00            277,166.00    5.614678%     1,296.83    396.11      1,692.94       0.00                   0.00        276,769.89

B5               166,300.00            166,300.00    5.614678%     778.10      237.66      1,015.76       0.00                   0.00        166,062.34

B6               221,731.82            221,731.82    5.614678%     1,037.46    316.88      1,354.34       0.00                   0.00        221,414.94

RI               100.00                100.00        5.614678%     0.47        100.00      100.47         0.00                   0.00        0.00

RII              100.00                100.00        5.614678%     0.47        100.00      100.47         0.00                   0.00        0.00

Totals           110,866,544.82        110,866,544.82              396,086.17  468,171.02  864,257.19     122,647.14             0.00        110,521,020.94

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               69336RBF6             1,000.000000  3.703898      0.000000    3.703898    0.000000       0.000000               1,000.000000

A2               69336RBG4             1,000.000000  4.678898      10.553249   15.232147   0.000000       0.000000               989.446751

A3               69336RBH2             1,000.000000  0.000000      0.000000    0.000000    4.678900       0.000000               1,004.678900

A4               69336RBJ8             1,000.000000  0.000000      0.000000    0.000000    4.678899       0.000000               1,004.678899

A5               69336RBK5             1,000.000000  4.678899      0.000000    4.678899    0.000000       0.000000               1,000.000000

A6               69336RBL3             1,000.000000  4.678899      8.758655    13.437553   0.000000       0.000000               991.241345

A7               69336RBM1             1,000.000000  0.000000      0.000000    0.000000    4.678898       0.000000               1,004.678898

A8               69336RBN9             1,000.000000  0.000000      0.000000    0.000000    6.306041       0.000000               1,006.306041

B1               69336RBR0             1,000.000000  4.678898      1.429132    6.108031    0.000000       0.000000               998.570868

B2               69336RBS8             1,000.000000  4.678893      1.429131    6.108024    0.000000       0.000000               998.570869

B3               69336RBT6             1,000.000000  4.678906      1.429131    6.108037    0.000000       0.000000               998.570869

B4               69336RBU3             1,000.000000  4.678893      1.429144    6.108036    0.000000       0.000000               998.570856

B5               69336RBV1             1,000.000000  4.678894      1.429104    6.107998    0.000000       0.000000               998.570896

B6               69336RBW9             1,000.000000  4.678895      1.429114    6.108009    0.000000       0.000000               998.570886

RI               69336RBP4             1,000.000000  4.700000      1,000.0000001,004.7000000.000000       0.000000               0.000000

RII              69336RBQ2             1,000.000000  4.700000      1,000.0000001,004.7000000.000000       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               22,202,550.00         4.444678%     82,235.99     0.00        0.00        82,235.99      0.00                   82,235.99   0.00

A2               29,429,740.00         5.614678%     137,698.76    0.00        0.00        137,698.76     0.00                   137,698.76  0.00

A3               3,233,166.00          5.614678%     15,127.66     0.00        0.00        15,127.66      15,127.66              0.00        0.00

A4               3,564,210.00          5.614678%     16,676.58     0.00        0.00        16,676.58      16,676.58              0.00        0.00

A5               14,111,411.00         5.614678%     66,025.86     0.00        0.00        66,025.86      0.00                   66,025.86   0.00

A6               16,884,450.00         5.614678%     79,000.63     0.00        0.00        79,000.63      0.00                   79,000.63   0.00

A7               1,484,841.00          5.614678%     6,947.42      0.00        0.00        6,947.42       6,947.42               0.00        0.00

A8               13,303,985.00         7.567250%     83,895.48     0.00        0.00        83,895.48      83,895.48              0.00        0.00

B1               4,822,695.00          5.614678%     22,564.90     0.00        0.00        22,564.90      0.00                   22,564.90   0.00

B2               776,066.00            5.614678%     3,631.13      0.00        0.00        3,631.13       0.00                   3,631.13    0.00

B3               388,033.00            5.614678%     1,815.57      0.00        0.00        1,815.57       0.00                   1,815.57    0.00

B4               277,166.00            5.614678%     1,296.83      0.00        0.00        1,296.83       0.00                   1,296.83    0.00

B5               166,300.00            5.614678%     778.10        0.00        0.00        778.10         0.00                   778.10      0.00

B6               221,731.82            5.614678%     1,037.46      0.00        0.00        1,037.46       0.00                   1,037.46    0.00

RI               100.00                5.614678%     0.47          0.00        0.00        0.47           0.00                   0.47        0.00

RII              100.00                5.614678%     0.47          0.00        0.00        0.47           0.00                   0.47        0.00

  Totals         110,866,544.82                      518,733.31    0.00        0.00        518,733.31     122,647.14             396,086.17  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               22,202,550.00         22,202,550.00 0.00          0.00        0.00        0.00           22,202,550.00          0.00

A2               29,429,740.00         29,429,740.00 310,579.38    0.00        0.00        0.00           29,119,160.62          0.00

A3               3,233,166.00          3,233,166.00  0.00          15,127.66   0.00        0.00           3,248,293.66           0.00

A4               3,564,210.00          3,564,210.00  0.00          16,676.58   0.00        0.00           3,580,886.58           0.00

A5               14,111,411.00         14,111,411.00 0.00          0.00        0.00        0.00           14,111,411.00          0.00

A6               16,884,450.00         16,884,450.00 147,885.07    0.00        0.00        0.00           16,736,564.93          0.00

A7               1,484,841.00          1,484,841.00  0.00          6,947.42    0.00        0.00           1,491,788.42           0.00

A8               13,303,985.00         13,303,985.00 0.00          83,895.48   0.00        0.00           13,387,880.48          0.00

B1               4,822,695.00          4,822,695.00  6,892.27      0.00        0.00        0.00           4,815,802.73           0.00

B2               776,066.00            776,066.00    1,109.10      0.00        0.00        0.00           774,956.90             0.00

B3               388,033.00            388,033.00    554.55        0.00        0.00        0.00           387,478.45             0.00

B4               277,166.00            277,166.00    396.11        0.00        0.00        0.00           276,769.89             0.00

B5               166,300.00            166,300.00    237.66        0.00        0.00        0.00           166,062.34             0.00

B6               221,731.82            221,731.82    316.88        0.00        0.00        0.00           221,414.94             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         110,866,544.82        110,866,544.82468,171.02    122,647.14  0.00        0.00           110,521,020.94         0.00

Collateral
Summary

ASSET
CHARACTERISTICS

                 Cut-Off               Prior         Current

Aggregate Stated
Principal Balance110,866,544.82        110,866,544.82110,521,020.94

Loan Count       206                   206           206

Weighted Average
Coupon Rate (WAC)5.877178%             5.877178%     5.877253%

Net Weighted
Average Coupon   5.614678%             5.614678%     5.614753%
Rate (Net WAC)

Weighted Average
Maturity (WAM in 327                   327           326
months)

AVAILABLE
PRINCIPAL        AVAILABLE INTEREST

Scheduled
Interest         542,985.41
Curtailments     187,081.01
Less:            Servicing Fees Net of 23,097.17
                 Trustee Fees
Trustee Fees     1,154.94
Uncompensated
PPIS             0.00
Relief Act
Shortfall        0.00
Extraordinary
Trust Fund       0.00
Expenses
Primary Mortgage
Insurance        0.00
TOTAL AVAILABLE
PRINCIPAL        345,523.88
TOTAL AVAILABLE
INTEREST         518,733.30
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 Advances139,034.66

Credit
Enhancement

SUBORDINATION
LEVELS

                 Original              Prior         Current

Aggregate
Certificate      110,866,544.82        110,866,544.82110,521,020.94
Principal Balance

Senior Principal
Balance          104,214,553.00        104,214,553.00103,878,535.69
Senior Percentage94.000001%            94.000001%    93.989844%
Senior Credit
Support          5.999999%             5.999999%     6.010156%

Class B1
Principal Balance4,822,695.00          4,822,695.00  4,815,802.73
Class B1
Percentage       4.350000%             4.350000%     4.357364%
Class B1 Credit
Support          1.649999%             1.649999%     1.652792%

Class B2
Principal Balance776,066.00            776,066.00    774,956.90
Class B2
Percentage       0.700000%             0.700000%     0.701185%
Class B2 Credit
Support          0.949999%             0.949999%     0.951607%

Class B3
Principal Balance388,033.00            388,033.00    387,478.45
Class B3
Percentage       0.350000%             0.350000%     0.350593%
Class B3 Credit
Support          0.599999%             0.599999%     0.601014%

Class B4
Principal Balance277,166.00            277,166.00    276,769.89
Class B4
Percentage       0.250000%             0.250000%     0.250423%
Class B4 Credit
Support          0.349999%             0.349999%     0.350591%

Class B5
Principal Balance166,300.00            166,300.00    166,062.34
Class B5
Percentage       0.150000%             0.150000%     0.150254%
Class B5 Credit
Support          0.199999%             0.199999%     0.200337%

Class B6
Principal Balance221,731.82            221,731.82    221,414.94
Class B6
Percentage       0.199999%             0.199999%     0.200337%
Class B6 Credit
Support          0.000000%             0.000000%     0.000000%

Other Information

Trigger
Information

Has the Class A3
Accretion
Termination Date No
Been Reached?
Has the Class A4
Accretion
Termination Date No
Been Reached?
Has the Class A7
Accretion
Termination Date No
Been Reached?
Has the Class A8
Accretion
Termination Date No
Been Reached?
Has the Credit
Support Depletion
Date Been        No
Reached?

Senior Percentage94.000001%
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

Page 1 of 1       Reports Available at (c) Copyright
                 www.sf.citidirect.com 2005 Citigroup

PHHMC MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-4 8-K