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): June 1621, 2005

RESIDENTIAL ASSET SECURITIES CORPORATION,

on behalf of the RASC Series 2005-EMX2 Trust

(Exact name of registrant as specified in its charter)

Delaware

333-122688

51-0362653

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

8400 Normandale Lake Boulevard, Suite 250

Minneapolis, Minnesota

55437

(Address of principal executive office)

(Zip Code)

(952) 857-7000

(Registrant's telephone number, including area code )

N/A

(Former name or 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 communication 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~~INFORMATION 8TO -BE ~~Other~~INCLUDED ~~Events~~IN THE REPORT

Item 8.01 . Other Events.

~~Filing~~In connection with the proposed offering of the Residential Asset Securities Corporation Home Equity Mortgage Asset-Backed Pass-Through Certificates (the "Certificates"), Series 2005-EMX2, Residential Securities Funding Corporation ("RSFC") and Banc of America Securities LLC ("Banc of America," together with RSFC, the "Underwriters"), have each prepared certain materials (the "Computational Materials") for distribution to potential investors. Although Residential Asset Securities Corporation (the "Company") provided the Underwriters with certain information regarding the characteristics of the mortgage loans (the "Mortgage Loans") in the related portfolio, the Company did not participate in the preparation of the Computational Materials.

InFor ~~connection~~purposes ~~with the proposed offering~~ of ~~the~~this ~~Residential~~Form ~~Asset~~8-K, ~~Securities~~"Computational ~~Corporation~~Materials" ~~Home~~shall ~~Equity~~mean ~~Mortgage~~computer ~~Asset-Backed~~generated ~~Pass-Through~~tables ~~Certificates~~and/or ~~(the~~charts ~~"Certificates")~~displaying, ~~Series~~with ~~2005-EMX2,~~respect ~~Residential~~to ~~Securities~~the ~~Funding Corporation ("RSFC")~~ Certificates, asany ~~representative~~ of the ~~several~~following: ~~underwriters~~yield; ~~(together~~average ~~with~~life; ~~RSFC~~duration, ~~the~~expected ~~"Underwriters"),~~maturity; ~~have~~interest ~~each~~rate ~~prepared~~sensitivity; ~~certain~~loss ~~materials~~sensitivity; ~~(the~~cash ~~"Computational~~flow ~~Materials")~~characteristics; ~~for~~background ~~distribution~~information toregarding ~~potential~~the ~~investors.~~Mortgage ~~Although~~Loans; ~~Residential Asset Securities Corporation (~~the ~~"Company")~~proposed ~~provided~~structure; ~~the~~decrement ~~Underwriters~~tables; ~~with~~or ~~certain~~similar information ~~regarding~~(tabular ~~the~~or ~~characteristics~~otherwise) of ~~the~~a ~~mortgage~~statistical, ~~loans~~mathematical, ~~(the~~tabular ~~"Mortgage~~or ~~Loans")~~computational innature. ~~the~~The ~~related~~Computational ~~portfolio,~~Materials ~~the~~listed ~~Company~~as ~~did~~Exhibits ~~not~~99.1 ~~participate~~through inExhibit ~~the~~99.3 ~~preparation~~hereto ofare ~~the~~filed ~~Computational Materials~~herewith.

~~For~~Item purposes of this Form 8-K, "Computational Materials" shall mean computer generated tables and/or charts displaying, with respect to the Certificates, any of the following: yield; average life; duration, expected maturity; interest rate sensitivity; loss sensitivity; cash flow characteristics; background information regarding the Mortgage Loans; the proposed structure; decrement tables; or similar information 9.01(~~tabular or otherwise~~c) ~~of a statistical, mathematical, tabular or computational nature~~. ~~The Computational Materials listed as~~ Exhibits ~~99.1 through Exhibit 99.2 hereto attached.~~

~~Section~~99.1 9Computational -Materials ~~Financial Statements and Exhibits~~

~~Item 9~~99.012 ~~Financial~~Computational ~~Statements,~~Materials ~~Pro Forma Financial Information and Exhibits~~

~~(a) Financial~~99.3 ~~statements~~Computational ofMaterials ~~business acquired.~~

Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits:
99.1 Computational Materials - RFSC
Computational Materials - RFSC
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.

RESIDENTIAL ASSET SECURITIES CORPORATION

By: ~~Pieter~~ /s/ ~~VanZyl~~ Benita Bjorgo

Name: ~~Pieter~~Benita ~~VanZyl~~ Bjorgo

Title: Vice President

Dated~~: February 25, 2005~~
: June 21, 2005

EXHIBIT INDEX

Exhibit No
. Description of Exhibit

99.1 Computational Materials ~~- RFSC~~

99.2 Computational Materials ~~- RFSC~~

99.3 Computational Materials

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