
                                     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 27, 2005
                          (Date of earliest event reported)

                Citigroup Mortgage Loan Trust Inc (as Depositor under
              the Pooling and Servicing Agreement, dated as February 1, 2005,
                providing for the issuance of Carrington Mortgage Loan Trust
                  Series 2005-NC1 Asset Backed Pass- through Certificates,
                                   Series 2005-NC1)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-117349-09                         01-0791848
          (Commission File Number)        (I.R.S. Employer Identification No.)


           390 Greenwich Street
           NEW YORK, NEW YORK                                  10013
          (Address of principal executive offices)           (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 816-6000


(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(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] 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

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     June 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.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Citigroup Mortgage Loan Trust
                                  Inc., Registrant


          Date:  Jun 30, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of June 27, 2005.



Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Citigroup Mrtg. Loan Trust						1. Certificate Payment Report					2
				Citigroup Mrtg. Loan Trust						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11

										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					19
										11. Realized Loss Detail Report					22
				Servicer(s)						11. Realized Loss Detail Report					22
				Servicer(s)						12. Triggers and Adj. Cert. Report					23
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					23
				New Century Mortgage Corporation						13. Additional Certificate Report					24
										13. Additional Certificate Report					24


				Underwriter(s)
				Citigroup


										Total Number of Pages					24
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Brent Hoyler
				Close Date:			February 03, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			June 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			May 31, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							June 24, 2005
							June 24, 2005

										https://www.tss.db.com/invr






Page 1 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1A	FLT, SR	$	338,891,000.00		307,622,468.01		907,998.98		15,923,894.74		16,831,893.72		0.00		0.00		291,698,573.27
A-1A	FLT, SR	$	338,891,000.00		307,622,468.01		907,998.98		15,923,894.74		16,831,893.72		0.00		0.00		291,698,573.27
A-1B	FLT, SR	$	154,353,000.00		154,353,000.00		473,992.34		0.00		473,992.34		0.00		0.00		154,353,000.00
A-1C1	FLT, SR	$	84,940,000.00		84,940,000.00		270,179.98		0.00		270,179.98		0.00		0.00		84,940,000.00
A-1C2	FLT, SR	$	20,000,000.00		20,000,000.00		63,616.67		0.00		63,616.67		0.00		0.00		20,000,000.00
A-2	FLT, SR	$	136,857,000.00		129,703,151.89		400,674.65		3,643,187.48		4,043,862.13		0.00		0.00		126,059,964.41
A-3	FLT, SR	$	81,671,900.00		77,402,711.21		244,786.07		2,174,138.29		2,418,924.36		0.00		0.00		75,228,572.92
M-1	MEZ, FLT	$	35,532,000.00		35,532,000.00		116,604.18		0.00		116,604.18		0.00		0.00		35,532,000.00
M-2	MEZ, FLT	$	32,443,000.00		32,443,000.00		107,359.29		0.00		107,359.29		0.00		0.00		32,443,000.00
M-3	MEZ, FLT	$	20,599,000.00		20,599,000.00		68,732.00		0.00		68,732.00		0.00		0.00		20,599,000.00
M-4	MEZ, FLT	$	27,808,000.00		27,808,000.00		98,648.88		0.00		98,648.88		0.00		0.00		27,808,000.00
M-5	MEZ, FLT	$	16,994,000.00		16,994,000.00		60,909.33		0.00		60,909.33		0.00		0.00		16,994,000.00
M-6	MEZ, FLT	$	15,964,000.00		15,964,000.00		65,266.15		0.00		65,266.15		0.00		0.00		15,964,000.00
M-7	MEZ, FLT	$	12,874,000.00		12,874,000.00		53,577.30		0.00		53,577.30		0.00		0.00		12,874,000.00
M-8	MEZ, FLT	$	10,300,000.00		10,300,000.00		50,418.50		0.00		50,418.50		0.00		0.00		10,300,000.00
M-9	MEZ, FLT	$	10,300,000.00		10,300,000.00		50,418.50		0.00		50,418.50		0.00		0.00		10,300,000.00
CE	EXE	$	30,382,316.00		30,382,324.82		2,228,653.14		0.00		2,228,653.14		0.00		0.00		30,382,324.82
P	SUB	$	100.00		100.00		331,689.56		0.00		331,689.56		0.00		0.00		100.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			1,029,909,316.00		987,217,755.93		5,593,525.52		21,741,220.51		27,334,746.03		0.00		0.00		965,476,535.42
Total




Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
	Period		Period
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	05/25/05		06/26/05		A-Act/360		144531AW0		338,891,000.00		907.732775		2.679325		46.988249		49.667574	860.744526
A-1B	05/25/05		06/26/05		A-Act/360		144531AX8		154,353,000.00		1,000.000000		3.070833		0.000000		3.070833	1,000.000000
A-1C1	05/25/05		06/26/05		A-Act/360		144531AY6		84,940,000.00		1,000.000000		3.180833		0.000000		3.180833	1,000.000000
A-1C2	05/25/05		06/26/05		A-Act/360		144531BJ8		20,000,000.00		1,000.000000		3.180834		0.000000		3.180834	1,000.000000
A-2	05/25/05		06/26/05		A-Act/360		144531AZ3		136,857,000.00		947.727569		2.927688		26.620396		29.548084	921.107173
A-3	05/25/05		06/26/05		A-Act/360		144531BA7		81,671,900.00		947.727569		2.997188		26.620396		29.617584	921.107173
M-1	05/25/05		06/26/05		A-Act/360		144531BB5		35,532,000.00		1,000.000000		3.281667		0.000000		3.281667	1,000.000000
M-2	05/25/05		06/26/05		A-Act/360		144531BC3		32,443,000.00		1,000.000000		3.309167		0.000000		3.309167	1,000.000000
M-3	05/25/05		06/26/05		A-Act/360		144531BD1		20,599,000.00		1,000.000000		3.336667		0.000000		3.336667	1,000.000000
M-4	05/25/05		06/26/05		A-Act/360		144531BE9		27,808,000.00		1,000.000000		3.547500		0.000000		3.547500	1,000.000000
M-5	05/25/05		06/26/05		A-Act/360		144531BF6		16,994,000.00		1,000.000000		3.584167		0.000000		3.584167	1,000.000000
M-6	05/25/05		06/26/05		A-Act/360		144531BG4		15,964,000.00		1,000.000000		4.088333		0.000000		4.088333	1,000.000000
M-7	05/25/05		06/26/05		A-Act/360		144531BH2		12,874,000.00		1,000.000000		4.161667		0.000000		4.161667	1,000.000000
M-8	05/25/05		06/26/05		A-Act/360		144531BK5		10,300,000.00		1,000.000000		4.895000		0.000000		4.895000	1,000.000000
M-9	05/25/05		06/26/05		A-Act/360		144531BL3		10,300,000.00		1,000.000000		4.895000		0.000000		4.895000	1,000.000000
CE	05/25/05		06/24/05		A-30/360				30,382,316.00		1,000.000290		73.353629		0.000000		73.353629	1,000.000290
P	05/25/05		06/24/05		A-30/360				100.00		1,000.000000		3,316,895.600000		0.000000		3,316,895.600000	1,000.000000
R	05/25/05		06/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

Distribution to Date -
																	Current


	Original				Unscheduled		Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal		Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)		(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1A	338,891,000.00		3,881,563.78		45,839,943.16		1,352,483.57		47,192,426.73		51,073,990.51		0.00		0.00		291,698,573.27
A-1B	154,353,000.00		1,920,237.08		0.00		0.00		0.00		1,920,237.08		0.00		0.00		154,353,000.00
A-1C1	84,940,000.00		1,097,471.98		0.00		0.00		0.00		1,097,471.98		0.00		0.00		84,940,000.00
A-1C2	20,000,000.00		258,411.12		0.00		0.00		0.00		258,411.12		0.00		0.00		20,000,000.00
A-2	136,857,000.00		1,675,618.04		10,302,945.57		494,090.02		10,797,035.59		12,472,653.63		0.00		0.00		126,059,964.41
A-3	81,671,900.00		1,025,545.52		5,949,237.05		494,090.02		6,443,327.08		7,468,872.60		0.00		0.00		75,228,572.92
M-1	35,532,000.00		474,727.26		0.00		0.00		0.00		474,727.26		0.00		0.00		35,532,000.00
M-2	32,443,000.00		437,349.66		0.00		0.00		0.00		437,349.66		0.00		0.00		32,443,000.00
M-3	20,599,000.00		280,157.85		0.00		0.00		0.00		280,157.85		0.00		0.00		20,599,000.00
M-4	27,808,000.00		403,787.61		0.00		0.00		0.00		403,787.61		0.00		0.00		27,808,000.00
M-5	16,994,000.00		249,481.36		0.00		0.00		0.00		249,481.36		0.00		0.00		16,994,000.00
M-6	15,964,000.00		269,481.18		0.00		0.00		0.00		269,481.18		0.00		0.00		15,964,000.00
M-7	12,874,000.00		221,439.95		0.00		0.00		0.00		221,439.95		0.00		0.00		12,874,000.00
M-8	10,300,000.00		210,125.73		0.00		0.00		0.00		210,125.73		0.00		0.00		10,300,000.00
M-9	10,300,000.00		210,125.73		0.00		0.00		0.00		210,125.73		0.00		0.00		10,300,000.00
CE	30,382,316.00		8,950,740.71		0.00		0.00		0.00		8,950,740.71		0.00		8.82		30,382,324.82
P	100.00		888,051.07		0.00		0.00		0.00		888,051.07		0.00		0.00		100.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total	1,029,909,316.00		22,454,315.63		62,092,125.78		2,340,663.61		64,432,789.40		86,887,105.03		0.00		8.82		965,476,535.42


Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.22000%		307,622,468.01		907,998.98		0.00		0.00		0.00		907,998.98		907,998.98		0.00
A-1B	3.35000%		154,353,000.00		473,992.34		0.00		0.00		0.00		473,992.34		473,992.34		0.00
A-1C1	3.47000%		84,940,000.00		270,179.98		0.00		0.00		0.00		270,179.98		270,179.98		0.00
A-1C2	3.47000%		20,000,000.00		63,616.67		0.00		0.00		0.00		63,616.67		63,616.67		0.00
A-2	3.37000%		129,703,151.89		400,674.65		0.00		0.00		0.00		400,674.65		400,674.65		0.00
A-3	3.45000%		77,402,711.21		244,786.07		0.00		0.00		0.00		244,786.07		244,786.07		0.00
M-1	3.58000%		35,532,000.00		116,604.18		0.00		0.00		0.00		116,604.18		116,604.18		0.00
M-2	3.61000%		32,443,000.00		107,359.29		0.00		0.00		0.00		107,359.29		107,359.29		0.00
M-3	3.64000%		20,599,000.00		68,732.00		0.00		0.00		0.00		68,732.00		68,732.00		0.00
M-4	3.87000%		27,808,000.00		98,648.88		0.00		0.00		0.00		98,648.88		98,648.88		0.00
M-5	3.91000%		16,994,000.00		60,909.33		0.00		0.00		0.00		60,909.33		60,909.33		0.00
M-6	4.46000%		15,964,000.00		65,266.15		0.00		0.00		0.00		65,266.15		65,266.15		0.00
M-7	4.54000%		12,874,000.00		53,577.30		0.00		0.00		0.00		53,577.30		53,577.30		0.00
M-8	5.34000%		10,300,000.00		50,418.50		0.00		0.00		0.00		50,418.50		50,418.50		0.00
M-9	5.34000%		10,300,000.00		50,418.50		0.00		0.00		0.00		50,418.50		50,418.50		0.00
CE	88.02433%		30,382,324.82		0.00		0.00		0.00		0.00		0.00		2,228,653.14		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		331,689.56		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			987,217,755.93		3,033,182.82		0.00		0.00		0.00		3,033,182.82		5,593,525.52		0.00



Page 3 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														21,741,220.51
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														21,741,220.51
Interest Collections														5,333,067.42
Interest Withdrawals														-0.00
Interest Fees														-71,231.46
Interest Other Accounts														331,689.56
TOTAL NET INTEREST														5,593,525.52
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														27,334,746.03



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															454,150.76
Curtailments															(43,251.55)
Prepayments In Full															21,330,321.30
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-380,710.22
Realized Losses															-0.00
Advanced Principal															380,710.22
TOTAL PRINCIPAL COLLECTED															21,741,220.51


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00





Page 4 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														5,675,644.73
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-53,732.23
Delinquent Interest														-4,731,657.87
Compensating Interest														53,732.23
Civil Relief Act Shortfalls														-0.00
Interest Advanced														4,389,080.55
TOTAL INTEREST COLLECTED														5,333,067.42


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
Non-Recoverable Advances														0.00
Reimbursements to Master Servicer														0.00
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														331,689.56
Net WAC Investment Income														0.00
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														331,689.56



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														68,763.42
Trustee Fees														2,468.04
TOTAL INTEREST FEES														71,231.46




Page 5 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount - Prior Period														30,382,324.82
Current Period Losses														0.00
Overcollateralized Amount - After Current Losses														30,382,324.82

Overcollateralization Increase Amount														0.00
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														30,382,324.82

Overcollateralization Deficiency Amount														0.00
Required Overcollateralized Amount														30,382,324.82

Senior Enhancement Percentage														22.081979%



Page 6 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														4,816
Prior														4,655
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-80
Repurchases														-0
Liquidations														-0
Current														4,575
Principal Balance:


Original														1,029,909,316.07
Prior														987,217,755.93
Prefunding														0.00
Scheduled Principal														-454,150.76
Partial Prepayments														(43,251.55)
Full Voluntary Prepayments														-21,330,321.30
Repurchases														-0.00
Liquidations														-0.00
Current														965,476,535.42





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.91108%
Weighted Average Coupon Prior														6.90333%
Weighted Average Coupon Current														6.89896%
Weighted Average Months to Maturity Original														353
Weighted Average Months to Maturity Prior														352
Weighted Average Months to Maturity Current														351
Weighted Avg Remaining Amortization Term Original														353
Weighted Avg Remaining Amortization Term Prior														352
Weighted Avg Remaining Amortization Term Current														351
Weighted Average Seasoning Original														3.00
Weighted Average Seasoning Prior														5.00
Weighted Average Seasoning Current														6.00









Page 8 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.54959%
Weighted Average Margin Prior														5.54862%
Weighted Average Margin Current														5.54909%
Weighted Average Max Rate Original														13.82909%
Weighted Average Max Rate Prior														13.81958%
Weighted Average Max Rate Current														13.81518%
Weighted Average Min Rate Original														5.57827%
Weighted Average Min Rate Prior														5.57784%
Weighted Average Min Rate Current														5.57757%
Weighted Average Cap Up Original														1.50466%
Weighted Average Cap Up Prior														1.50479%
Weighted Average Cap Up Current														1.50443%
Weighted Average Cap Down Original														1.50466%
Weighted Average Cap Down Prior														1.50479%
Weighted Average Cap Down Current														1.50443%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														68,763.42
Delinquent Servicing Fees														342,577.31
TOTAL SERVICING FEES														411,340.74


Total Servicing Fees														411,340.74
Compensating Interest														-53,732.23
Delinquent Servicing Fees														-342,577.31
COLLECTED SERVICING FEES														15,031.20


Total Advanced Interest														4,389,080.55
Total Advanced Principal														380,710.22
Aggregate Advances with respect to this Distribution														4,769,790.78





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														53,732.23
Compensating Interest														-53,732.23
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														965,476,535.42
Weighted Average Net Mortgage Rate														6.395958%




Page 9 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,252,690.31		3,305,081.73		428,000.00		12,985,772.04
			% Balance				0.96%		0.34%		0.04%		1.35%
			# Loans				48		18		1		67
			% # Loans				1.05%		0.39%		0.02%		1.46%
	FORECLOSURE		Balance		0.00		0.00		1,870,256.91		424,000.00		2,294,256.91
			% Balance		0.00%		0.00%		0.19%		0.04%		0.24%
			# Loans		0		0		9		1		10
			% # Loans		0.00%		0.00%		0.20%		0.02%		0.22%
	BANKRUPTCY		Balance		668,301.36		0.00		0.00		0.00		668,301.36
			% Balance		0.07%		0.00%		0.00%		0.00%		0.07%
			# Loans		7		0		0		0		7
			% # Loans		0.15%		0.00%		0.00%		0.00%		0.15%
	REO		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		668,301.36		9,252,690.31		5,175,338.64		852,000.00		15,948,330.31
			% Balance		0.07%		0.96%		0.54%		0.09%		1.65%
			# Loans		7		48		27		2		84
			% # Loans		0.15%		1.05%		0.59%		0.04%		1.84%









Page 10 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
REO Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date




TOTAL



Page 11 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Foreclosure Report
Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
1886368 1
1886368 1			192,000.00		190,704.64		01-Feb-2005		6.250%		NJ - 80.00%		360		01-Dec-2004

1891457 1			424,000.00		424,000.00		01-Jan-2005		6.900%		CA - 80.00%		360		01-Dec-2004
1915489 1			464,000.00		462,057.02		01-Feb-2005		7.887%		NY - 80.00%		360		01-Jan-2005
1927122 1			87,200.00		87,132.31		01-Feb-2005		7.850%		TX - 80.00%		360		01-Dec-2004
1948058 1			85,850.00		85,494.95		01-Feb-2005		7.950%		IN - 85.00%		360		01-Jan-2005
1000170460 1			208,400.00		207,385.12		01-Feb-2005		7.125%		MN - 80.00%		360		01-Jan-2005
1000197860 1			99,000.00		98,588.66		01-Feb-2005		6.990%		MA - 66.89%		360		01-Feb-2005
1000222832 1			136,000.00		135,360.04		01-Feb-2005		7.300%		MI - 80.00%		360		01-Jan-2005
1000224901 1			104,000.00		103,534.22		01-Feb-2005		7.550%		TN - 80.00%		360		01-Jan-2005
1000503360 1			500,000.00		499,999.95		01-Feb-2005		7.100%		TX - 80.00%		360		01-Feb-2005


TOTAL			2,300,450.00		2,294,256.91



Page 12 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														80
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														80
Curtailments Amount														-43,251.55
Paid in Full Balance														21,330,321.30
Repurchased Loans Balance														0.00
Total Prepayment Amount														21,287,069.75

Cumulative


Number of Paid in Full Loans														241
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														241
Paid in Full Balance														62,089,834.90
Repurchased Loans Balance														0.00
Curtailments Amount														496,372.16
Total Prepayment Amount														62,586,207.06










Page 13 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														2.16%
3 Months Avg SMM														1.80%
12 Months Avg SMM														1.56%
Avg SMM Since Cut-off														1.56%


CPR														23.03%
3 Months Avg CPR														19.57%
12 Months Avg CPR														17.17%
Avg CPR Since Cut-off														17.17%


PSA														1,919.91%
3 Months Avg PSA Approximation														1,957.96%
12 Months Avg PSA Approximation														1,908.30%
Avg PSA Since Cut-off Approximation														1,908.30%










Page 14 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 15 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000222912 1			80,000.00		79,989.85			01-Jan-1900		6.000%		SC - 80.00%		Repur/Subs - 360		01-Jan-2005
			80,000.00

1522899 1			452,000.00		451,897.99			09-May-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1522899 1					451,897.99			09-May-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1881006 1			364,000.00		363,994.59			19-May-2005		5.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1881006 1					363,994.59			19-May-2005		5.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1884295 1			125,000.00		124,495.97			26-May-2005		8.075%		NY - 33.24%		Paid Off - 360		01-Dec-2004
1884295 1					124,495.97			26-May-2005		8.075%		NY - 33.24%		Paid Off - 360		01-Dec-2004
1885051 1			292,000.00		292,000.00			02-May-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1885051 1					292,000.00			02-May-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1892963 1			330,000.00		330,000.00			19-May-2005		6.975%		CA - 83.12%		Paid Off - 360		01-Dec-2004
1892963 1					330,000.00			19-May-2005		6.975%		CA - 83.12%		Paid Off - 360		01-Dec-2004
1899115 1			340,000.00		340,000.00			04-May-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1899115 1					340,000.00			04-May-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1900904 1			139,920.00		139,920.00			31-May-2005		6.100%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1900904 1					139,920.00			31-May-2005		6.100%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1915915 1			260,000.00		260,000.00			13-May-2005		6.675%		CA - 65.00%		Paid Off - 360		01-Jan-2005
1915915 1					260,000.00			13-May-2005		6.675%		CA - 65.00%		Paid Off - 360		01-Jan-2005
1916246 1			420,000.00		418,273.78			20-May-2005		7.050%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1916246 1					418,273.78			20-May-2005		7.050%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1919748 1			542,700.00		540,449.65			24-May-2005		7.000%		NJ - 81.00%		Paid Off - 360		01-Jan-2005
1919748 1					540,449.65			24-May-2005		7.000%		NJ - 81.00%		Paid Off - 360		01-Jan-2005
1919911 1			84,800.00		84,800.00			03-May-2005		6.600%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1919911 1					84,800.00			03-May-2005		6.600%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1926421 1			678,000.00		678,000.00			17-May-2005		7.900%		CA - 79.86%		Paid Off - 360		01-Dec-2004
1926421 1					678,000.00			17-May-2005		7.900%		CA - 79.86%		Paid Off - 360		01-Dec-2004
1935111 1			216,000.00		214,654.94			25-May-2005		6.125%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1935111 1					214,654.94			25-May-2005		6.125%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1935478 1			403,920.00		401,983.63			28-May-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1935478 1					401,983.63			28-May-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1938585 1			432,000.00		431,713.80			19-May-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1938585 1					431,713.80			19-May-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1939750 1			260,000.00		259,077.45			04-May-2005		7.800%		VA - 87.84%		Paid Off - 360		01-Jan-2005
1939750 1					259,077.45			04-May-2005		7.800%		VA - 87.84%		Paid Off - 360		01-Jan-2005
1941990 1			418,000.00		418,000.00			16-May-2005		8.550%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1941990 1					418,000.00			16-May-2005		8.550%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1943449 1			263,200.00		263,200.00			09-May-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1943449 1					263,200.00			09-May-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1945965 1			68,500.00		68,347.56			16-May-2005		10.050%		WA - 20.00%		Paid Off - 360		01-Jan-2005
1945965 1					68,347.56			16-May-2005		10.050%		WA - 20.00%		Paid Off - 360		01-Jan-2005
1946605 1			327,600.00		327,600.00			09-May-2005		7.550%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1946605 1					327,600.00			09-May-2005		7.550%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1947420 1			130,900.00		130,388.25			10-May-2005		7.300%		MD - 85.00%		Paid Off - 360		01-Jan-2005
1947420 1					130,388.25			10-May-2005		7.300%		MD - 85.00%		Paid Off - 360		01-Jan-2005
1948617 1			90,000.00		89,568.54			26-May-2005		6.250%		CA - 38.30%		Paid Off - 360		01-Jan-2005
1948617 1					89,568.54			26-May-2005		6.250%		CA - 38.30%		Paid Off - 360		01-Jan-2005
1948726 1			100,980.00		100,790.59			28-May-2005		10.850%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1948726 1					100,790.59			28-May-2005		10.850%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1950405 1			286,000.00		285,969.84			31-May-2005		6.200%		AZ - 82.90%		Paid Off - 360		01-Jan-2005
1950405 1					285,969.84			31-May-2005		6.200%		AZ - 82.90%		Paid Off - 360		01-Jan-2005
1951561 1			87,980.00		87,819.08			18-May-2005		10.990%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1951561 1					87,819.08			18-May-2005		10.990%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1951880 1			195,300.00		195,300.00			16-May-2005		8.800%		NV - 90.00%		Paid Off - 360		01-Jan-2005
1951880 1					195,300.00			16-May-2005		8.800%		NV - 90.00%		Paid Off - 360		01-Jan-2005
1953723 1			430,000.00		430,000.00			03-May-2005		6.500%		CA - 84.31%		Paid Off - 360		01-Jan-2005
1953723 1					430,000.00			03-May-2005		6.500%		CA - 84.31%		Paid Off - 360		01-Jan-2005
1954977 1			369,000.00		367,153.87			02-May-2005		6.100%		MD - 90.00%		Paid Off - 360		01-Jan-2005
1954977 1					367,153.87			02-May-2005		6.100%		MD - 90.00%		Paid Off - 360		01-Jan-2005
1957390 1			273,000.00		271,691.28			17-May-2005		6.250%		CA - 62.76%		Paid Off - 360		01-Jan-2005
1957390 1					271,691.28			17-May-2005		6.250%		CA - 62.76%		Paid Off - 360		01-Jan-2005
1957594 1			277,580.00		277,580.00			09-May-2005		8.500%		NV - 80.00%		Paid Off - 360		01-Jan-2005
1957594 1					277,580.00			09-May-2005		8.500%		NV - 80.00%		Paid Off - 360		01-Jan-2005
1957634 1			432,000.00		432,000.00			27-May-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1957634 1					432,000.00			27-May-2005		6.750%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1960191 1			196,800.00		196,030.65			13-May-2005		7.300%		HI - 80.00%		Paid Off - 360		01-Jan-2005
1960191 1					196,030.65			13-May-2005		7.300%		HI - 80.00%		Paid Off - 360		01-Jan-2005
1961465 1			120,000.00		119,396.64			27-May-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1961465 1					119,396.64			27-May-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1961977 1			92,700.00		92,374.87			17-May-2005		6.700%		AZ - 90.00%		Paid Off - 360		01-Feb-2005
1961977 1					92,374.87			17-May-2005		6.700%		AZ - 90.00%		Paid Off - 360		01-Feb-2005
1963330 1			102,000.00		101,551.91			23-May-2005		6.950%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1963330 1					101,551.91			23-May-2005		6.950%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1965026 1			212,000.00		211,883.31			11-May-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1965026 1					211,883.31					6.500%		CA - 80.00%		Paid Off - 360



Page 16 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1966741 1			190,000.00		189,156.59			03-May-2005		6.650%		CA - 40.95%		Paid Off - 360		01-Jan-2005
			190,000.00

1966998 1			80,400.00		80,159.07			05-May-2005		7.500%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
1966998 1					80,159.07			05-May-2005		7.500%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
1968301 1			389,500.00		389,500.00			09-May-2005		7.850%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1968301 1					389,500.00			09-May-2005		7.850%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1972293 1			136,000.00		135,441.52			27-May-2005		7.050%		MD - 85.00%		Paid Off - 360		01-Jan-2005
1972293 1					135,441.52			27-May-2005		7.050%		MD - 85.00%		Paid Off - 360		01-Jan-2005
1976333 1			248,000.00		247,949.04			04-May-2005		5.625%		CA - 88.57%		Paid Off - 300		01-Jan-2005
1976333 1					247,949.04			04-May-2005		5.625%		CA - 88.57%		Paid Off - 300		01-Jan-2005
1977607 1			39,300.00		39,050.68			31-May-2005		10.450%		NV - 20.00%		Paid Off - 240		01-Jan-2005
1977607 1					39,050.68			31-May-2005		10.450%		NV - 20.00%		Paid Off - 240		01-Jan-2005
1979373 1			311,000.00		309,565.18			12-May-2005		6.450%		CA - 74.94%		Paid Off - 360		01-Jan-2005
1979373 1					309,565.18			12-May-2005		6.450%		CA - 74.94%		Paid Off - 360		01-Jan-2005
1980850 1			180,000.00		180,000.00			12-May-2005		6.400%		CA - 52.94%		Paid Off - 360		01-Jan-2005
1980850 1					180,000.00			12-May-2005		6.400%		CA - 52.94%		Paid Off - 360		01-Jan-2005
1981764 1			283,200.00		283,198.54			26-May-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1981764 1					283,198.54			26-May-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1983129 1			85,000.00		84,774.16			06-May-2005		8.100%		CA - 54.84%		Paid Off - 360		01-Feb-2005
1983129 1					84,774.16			06-May-2005		8.100%		CA - 54.84%		Paid Off - 360		01-Feb-2005
1987199 1			118,000.00		115,959.36			18-May-2005		6.050%		CA - 26.22%		Paid Off - 180		01-Jan-2005
1987199 1					115,959.36			18-May-2005		6.050%		CA - 26.22%		Paid Off - 180		01-Jan-2005
1000032841 1			248,000.00		248,000.00			04-May-2005		6.490%		CA - 80.00%		Paid Off - 360		01-Nov-2004
					248,000.00			04-May-2005		6.490%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1000075484 1			260,000.00		258,584.16			31-May-2005		6.550%		CA - 45.61%		Paid Off - 360		01-Dec-2004
1000075484 1					258,584.16			31-May-2005		6.550%		CA - 45.61%		Paid Off - 360		01-Dec-2004
1000082387 1			161,000.00		161,000.00			20-May-2005		6.875%		CA - 70.00%		Paid Off - 300		01-Jan-2005
1000082387 1					161,000.00			20-May-2005		6.875%		CA - 70.00%		Paid Off - 300		01-Jan-2005
1000093375 1			320,000.00		319,999.96			09-May-2005		5.750%		CA - 83.12%		Paid Off - 360		01-Jan-2005
1000093375 1					319,999.96			09-May-2005		5.750%		CA - 83.12%		Paid Off - 360		01-Jan-2005
1000098398 1			95,200.00		94,787.53			25-May-2005		6.775%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000098398 1					94,787.53			25-May-2005		6.775%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000102249 1			176,000.00		175,448.13			27-May-2005		8.400%		NY - 55.00%		Paid Off - 360		01-Jan-2005
1000102249 1					175,448.13			27-May-2005		8.400%		NY - 55.00%		Paid Off - 360		01-Jan-2005
1000104513 1			552,500.00		552,500.00			26-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000104513 1					552,500.00			26-May-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000107574 1			313,500.00		312,450.08			09-May-2005		8.075%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
1000107574 1					312,450.08			09-May-2005		8.075%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
1000108341 1			180,000.00		180,000.00			05-May-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000108341 1					180,000.00			05-May-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000112531 1			182,400.00		182,400.00			16-May-2005		7.100%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000112531 1					182,400.00			16-May-2005		7.100%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000126465 1			320,000.00		320,000.00			06-May-2005		5.950%		NY - 67.37%		Paid Off - 360		01-Jan-2005
1000126465 1					320,000.00			06-May-2005		5.950%		NY - 67.37%		Paid Off - 360		01-Jan-2005
1000131896 1			320,000.00		318,856.06			27-May-2005		7.750%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1000131896 1					318,856.06			27-May-2005		7.750%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1000136294 1			41,180.00		40,921.44			12-May-2005		10.500%		RI - 20.00%		Paid Off - 240		01-Jan-2005
1000136294 1					40,921.44			12-May-2005		10.500%		RI - 20.00%		Paid Off - 240		01-Jan-2005
1000170638 1			210,000.00		209,195.13			24-May-2005		7.400%		OH - 89.36%		Paid Off - 360		01-Jan-2005
1000170638 1					209,195.13			24-May-2005		7.400%		OH - 89.36%		Paid Off - 360		01-Jan-2005
1000171236 1			284,750.00		284,750.00			31-May-2005		7.490%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000171236 1					284,750.00			31-May-2005		7.490%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000175465 1			204,000.00		203,145.76			26-May-2005		6.950%		IL - 80.00%		Paid Off - 360		01-Jan-2005
1000175465 1					203,145.76			26-May-2005		6.950%		IL - 80.00%		Paid Off - 360		01-Jan-2005
1000184909 1			428,800.00		428,799.99			19-May-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000184909 1					428,799.99			19-May-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000222299 1			240,000.00		239,142.05			18-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000222299 1					239,142.05			18-May-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000229639 1			185,000.00		184,375.97			27-May-2005		6.900%		CA - 77.08%		Paid Off - 360		01-Feb-2005
1000229639 1					184,375.97			27-May-2005		6.900%		CA - 77.08%		Paid Off - 360		01-Feb-2005
1000245906 1			227,000.00		226,220.41			20-May-2005		7.950%		CA - 59.74%		Paid Off - 360		01-Jan-2005
1000245906 1					226,220.41			20-May-2005		7.950%		CA - 59.74%		Paid Off - 360		01-Jan-2005
1000264877 1			400,000.00		398,974.38			27-May-2005		8.275%		IL - 94.90%		Paid Off - 360		01-Feb-2005
1000264877 1					398,974.38			27-May-2005		8.275%		IL - 94.90%		Paid Off - 360		01-Feb-2005
1000266955 1			80,000.00		79,668.23			19-May-2005		7.000%		MI - 80.00%		Paid Off - 360		01-Jan-2005
1000266955 1					79,668.23			19-May-2005		7.000%		MI - 80.00%		Paid Off - 360		01-Jan-2005
1000277621 1			432,000.00		432,000.00			11-May-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000277621 1					432,000.00			11-May-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000288824 1			141,200.00		140,654.68			16-May-2005		6.200%		OH - 89.37%		Paid Off - 360		01-Feb-2005
1000288824 1					140,654.68			16-May-2005		6.200%		OH - 89.37%		Paid Off - 360		01-Feb-2005
1000290009 1			580,475.00		578,228.08			19-May-2005		7.350%		VA - 80.00%		Paid Off - 360		01-Jan-2005
1000290009 1					578,228.08			19-May-2005		7.350%		VA - 80.00%		Paid Off - 360		01-Jan-2005
1000300249 1			350,000.00		350,000.00			24-May-2005		7.600%		IL - 68.63%		Paid Off - 360		01-Feb-2005
1000300249 1					350,000.00			24-May-2005		7.600%		IL - 68.63%		Paid Off - 360		01-Feb-2005
1000466098 1			472,000.00		470,400.14			31-May-2005		6.875%		NJ - 80.00%		Paid Off - 360		01-Feb-2005
1000466098 1					470,400.14					6.875%		NJ - 80.00%		Paid Off - 360



Page 17 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
Loan Number			Original							Current		State &		Type Prepayment

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1000481981 1			300,000.00		298,829.97			09-May-2005		6.150%		CA - 74.07%		Paid Off - 360		01-Feb-2005
			300,000.00

1000499696 1			296,000.00		295,410.66			03-May-2005		9.500%		CA - 74.94%		Paid Off - 360		01-Feb-2005
1000499696 1					295,410.66			03-May-2005		9.500%		CA - 74.94%		Paid Off - 360		01-Feb-2005
1000511306 1			486,000.00		484,278.97			31-May-2005		6.650%		CA - 87.57%		Paid Off - 360		01-Feb-2005
1000511306 1					484,278.97			31-May-2005		6.650%		CA - 87.57%		Paid Off - 360		01-Feb-2005
1000512494 1			340,000.00		339,999.50			17-May-2005		7.550%		IL - 94.44%		Paid Off - 360		01-Feb-2005
1000512494 1					339,999.50			17-May-2005		7.550%		IL - 94.44%		Paid Off - 360		01-Feb-2005
1000525505 1			152,000.00		152,000.00			06-May-2005		7.200%		RI - 80.00%		Paid Off - 360		01-Feb-2005
1000525505 1					152,000.00			06-May-2005		7.200%		RI - 80.00%		Paid Off - 360		01-Feb-2005
1000533710 1			438,000.00		436,647.84			12-May-2005		7.350%		CA - 81.87%		Paid Off - 360		01-Feb-2005
1000533710 1					436,647.84			12-May-2005		7.350%		CA - 81.87%		Paid Off - 360		01-Feb-2005


TOTAL			21,371,285.00		21,330,321.30
TOTAL


Page 18 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														0.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00

Cumulative
Cumulative



Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00










Page 19 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution


DEFAULT SPEEDS



															Total



MDR														0.00%
3 Months Avg MDR														0.00%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%


CDR														0.00%
3 Months Avg CDR														0.00%
12 Months Avg CDR														0.00%
Avg CDR Since Cut-off														0.00%


SDA														0.00%
3 Months Avg SDA Approximation														0.00%
12 Months Avg SDA Approximation														0.00%
Avg SDA Since Cut-off Approximation														0.00%


Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%












Page 20 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 21 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
															Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)




TOTAL



Page 22 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														3.090000%
Next LIBOR Rate														0.000000%




Page 23 of 24
Carrington Mortgage Loan Trust 2005-NC1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC1

June 27, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS

			A-1A										0.00		0.00
													0.00		0.00
			A-1B										0.00		0.00
													0.00		0.00
			A-1C1										0.00		0.00
													0.00		0.00
			A-1C2										0.00		0.00
													0.00		0.00
			A-2										0.00		0.00
													0.00		0.00
			A-3										0.00		0.00
													0.00		0.00
			M-1										0.00		0.00
													0.00		0.00
			M-2										0.00		0.00
													0.00		0.00
			M-3										0.00		0.00
													0.00		0.00
			M-4										0.00		0.00
													0.00		0.00
			M-5										0.00		0.00
													0.00		0.00
			M-6										0.00		0.00
													0.00		0.00
			M-7										0.00		0.00
													0.00		0.00
			M-8										0.00		0.00
													0.00		0.00
			M-9										0.00		0.00
													0.00		0.00






Page 24 of 24

Carrington Mortgage Loan Trust, Series 2005-NC1 8-K