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): July 25, 2005 (Date of earliest event reported) Indymac ABS, Inc. (as Depositor under the Pooling and Servicing Agreement, dated as June 1, 2005, providing for the issuance of IndyMac Loan Trust, Residential Mortgage- Backed Certificates, Series 2005-L1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-120706-04 95-4685267 (Commission File Number) (I.R.S. Employer Identification No.) 155 NORTH LAKE AVENUE PASADENA, CALIFORNIA 91101 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (626) 535-5555 (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 July 25, 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 Indymac ABS, Inc., Registrant Date: Jul 26, 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 July 25, 2005.

Washington, D.C. 20549



IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				IndyMac Bank						1. Certificate Payment Report					2
				IndyMac Bank						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

				Financial Guaranty Insurance Corp.						7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					18
										11. Realized Loss Detail Report					21
				Servicer(s)						11. Realized Loss Detail Report					21
				Servicer(s)						12. Triggers and Adj. Cert. Report					22
				IndyMac Bank						12. Triggers and Adj. Cert. Report					22
				IndyMac Bank						13. Other Related Information					23
										13. Other Related Information					23


				Underwriter(s)
				Bear Stearns & Co.


										Total Number of Pages					23
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			June 01, 2005			Brent Hoyler
				Close Date:			June 14, 2005			Administrator
				First Distribution Date:			July 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:			July 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			June 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							July 22, 2005
							July 22, 2005

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






Page 1 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC 3
					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	INT	$	242,000,000.00		242,000,000.00		941,556.46		6,410,354.27		7,351,910.73		0.00		0.00		235,589,645.73
A	INT	$	242,000,000.00		242,000,000.00		941,556.46		6,410,354.27		7,351,910.73		0.00		0.00		235,589,645.73
M	INT	$	3,250,000.00		3,250,000.00		16,382.78		0.00		16,382.78		0.00		0.00		3,250,000.00
B	INT	$	4,750,000.00		4,750,000.00		23,944.06		0.00		23,944.06		0.00		0.00		4,750,000.00
C	INT_EXE	$	0.00		0.00		278,326.02		0.00		278,326.02		0.00		0.00		0.00
R	RES_EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00





Total			250,000,000.00		250,000,000.00		1,260,209.32		6,410,354.27		7,670,563.59		0.00		0.00		243,589,645.73
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	06/14/05		07/24/05		A-Act/360		456606HF2		242,000,000.00		1,000.000000		3.890729		26.489067		30.379796	973.510933
M	06/14/05		07/24/05		A-Act/360		456606HG0		3,250,000.00		1,000.000000		5.040855		0.000000		5.040855	1,000.000000
B	06/14/05		07/24/05		A-Act/360		456606HH8		4,750,000.00		1,000.000000		5.040855		0.000000		5.040855	1,000.000000
C	06/01/05		06/30/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R	06/01/05		06/30/05		A-30/360		456606HJ4		0.00		0.000000		0.000000		0.000000		0.000000	0.000000







Page 2 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution

Distribution to Date - REMIC 3
																	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	242,000,000.00		941,556.46		6,204,256.57		206,097.70		6,410,354.27		7,351,910.73		0.00		0.00		235,589,645.73
M	3,250,000.00		16,382.78		0.00		0.00		0.00		16,382.78		0.00		0.00		3,250,000.00
B	4,750,000.00		23,944.06		0.00		0.00		0.00		23,944.06		0.00		0.00		4,750,000.00
C	0.00		278,326.02		0.00		0.00		0.00		278,326.02		0.00		0.00		0.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00





Total	250,000,000.00		1,260,209.32		6,204,256.57		206,097.70		6,410,354.27		7,670,563.59		0.00		0.00		243,589,645.73


Interest Detail - REMIC 3
	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	3.41625%		242,000,000.00		941,556.46		0.00		0.00		0.00		941,556.46		941,556.46		0.00
M	4.42612%		3,250,000.00		16,382.78		0.00		0.00		0.00		16,382.78		16,382.78		0.00
B	4.42612%		4,750,000.00		23,944.06		0.00		0.00		0.00		23,944.06		23,944.06		0.00
C	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		278,326.02		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00





Total			250,000,000.00		981,883.30		0.00		0.00		0.00		981,883.30		1,260,209.32		0.00



Page 3 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														6,409,438.38
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														6,409,438.38
Interest Collections														1,347,611.39
Interest Withdrawals														-0.00
Interest Other Accounts														0.00
Interest Fees														-87,402.07
TOTAL NET INTEREST														1,260,209.32
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														7,670,563.59



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															206,097.70
Prepayments In Full															5,876,735.91
Curtailments															92,201.83
Liquidations															0.00
Insurance Principal															0.00
Repurchased Principal Amounts															234,402.94
Other Principal															0.00
Total Realized Loss Of Principal															-0.00
Delinquent Principal															-127,209.11
Advanced Principal															127,209.11
TOTAL PRINCIPAL COLLECTED															6,409,438.38


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														1,378,982.24
Liquidation Interest														0.00
Repurchased Interest														1,540.23
Insurance Interest														0.00
Other Interest														0.00
Relief Act Interest Shortfalls														-0.00
Prepayment Interest Shortfalls														-8,528.24
Compensating Interest														8,528.25
Delinquent Interest														-880,820.44
Interest Advanced														847,909.37
TOTAL INTEREST COLLECTED														1,347,611.39


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
Nonrecoverable Advances														975,118.47
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														0.00
TOTAL INTEREST OTHER ACCOUNTS														0.00



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														19,172.07
Current Trustee Fees														2,083.33
Insurance Premium for Class A Certificates														66,146.67
TOTAL INTEREST OTHER FEES														87,402.07




Page 5 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE
INSURANCE
														Total
Insurance Premium for Class A Certificates														66,146.67



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount														0.00
Overcollateralization Target Amount														0.00
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														0.00




Page 6 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														1,553
Prior														1,553
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-36
Repurchases														-3
Liquidations														-0
Current														1,514
Principal Balance:


Original														249,999,084.11
Prior														249,999,084.11
Prefunding														0.00
Scheduled Principal														-206,097.70
Partial Prepayments														-92,201.83
Full Voluntary Prepayments														-5,876,735.91
Repurchases														-234,402.94
Liquidations														-0.00
Current														243,589,645.73





PREFUNDING
PREFUNDING
														Total
Closing Date Deposit Amount														915.89






Page 7 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.62653%
Weighted Average Coupon Prior														6.62653%
Weighted Average Coupon Current														6.62653%
Weighted Average Months to Maturity Original														53
Weighted Average Months to Maturity Prior														53
Weighted Average Months to Maturity Current														53
Weighted Avg Remaining Amortization Term Original														54
Weighted Avg Remaining Amortization Term Prior														54
Weighted Avg Remaining Amortization Term Current														54
Weighted Average Seasoning Original														4.45
Weighted Average Seasoning Prior														4.45
Weighted Average Seasoning Current														4.45









Page 8 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														4.79415%
Weighted Average Margin Prior														4.79415%
Weighted Average Margin Current														4.79415%
Weighted Average Max Rate Original														12.24687%
Weighted Average Max Rate Prior														12.24687%
Weighted Average Max Rate Current														12.24687%
Weighted Average Min Rate Original														4.79415%
Weighted Average Min Rate Prior														4.79415%
Weighted Average Min Rate Current														4.79415%
Weighted Average Cap Up Original														1.01108%
Weighted Average Cap Up Prior														1.01108%
Weighted Average Cap Up Current														1.01108%
Weighted Average Cap Down Original														1.01108%
Weighted Average Cap Down Prior														1.01108%
Weighted Average Cap Down Current														1.01108%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														19,172.07
Delinquent Servicing Fees														32,911.07
TOTAL SERVICING FEES														52,083.14


Compensating Interest														-8,528.25
Delinquent Servicing Fees														-32,911.07
COLLECTED SERVICING FEES														10,643.82


Aggregate Advances with respect to this Distribution														975,118.47





ADDITIONAL COLLATERAL INFORMATION
														Total
Net Prepayment Interest Shortfall														0.00
Libor For Current Period														3.2163%

Libor For Next Period														3.4600%
Total Net Monthly Excess Cashflow														278,326.02




Page 9 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	FORECLOSURE		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%
	BANKRUPTCY		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%
	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		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%









Page 10 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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




TOTAL


Page 12 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														36
Number of Repurchased Loans														3
Total Number of Loans Prepaid in Full														39
Curtailments Amount														92,201.83
Paid in Full Balance														5,876,735.91
Repurchased Loans Balance														234,402.94
Total Prepayment Amount														6,203,340.68

Cumulative


Number of Paid in Full Loans														36
Number of Repurchased Loans														3
Total Number of Loans Prepaid in Full														39
Paid in Full Balance														5,876,735.91
Repurchased Loans Balance														234,402.94
Curtailments Amount														92,201.83
Total Prepayment Amount														6,203,340.68










Page 13 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														2.48%
3 Months Avg SMM														2.48%
12 Months Avg SMM														2.48%
Avg SMM Since Cut-off														2.48%


CPR														26.05%
3 Months Avg CPR														26.05%
12 Months Avg CPR														26.05%
Avg CPR Since Cut-off														26.05%


PSA														2,928.98%
3 Months Avg PSA Approximation														2,928.98%
12 Months Avg PSA Approximation														2,928.98%
Avg PSA Since Cut-off Approximation														2,928.98%










Page 14 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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

808442 1			259,500.00		248,107.73			27-Jun-2005		6.125%		CA - 72.08%		Paid Off - 60		01-Dec-2000
			259,500.00

1487055 1			150,000.00		143,360.46			14-Jul-2005		6.500%		HI - 75.00%		Paid Off - 60		01-Apr-2002
1487055 1					143,360.46			14-Jul-2005		6.500%		HI - 75.00%		Paid Off - 60		01-Apr-2002
1741612 1			135,000.00		129,717.63			21-Jun-2005		6.375%		MD - 90.00%		Paid Off - 60		01-Aug-2002
1741612 1					129,717.63			21-Jun-2005		6.375%		MD - 90.00%		Paid Off - 60		01-Aug-2002
120411302 1			117,000.00		116,688.62			24-Jun-2005		6.625%		HI - 90.00%		Paid Off - 60		01-Apr-2005
120411302 1					116,688.62			24-Jun-2005		6.625%		HI - 90.00%		Paid Off - 60		01-Apr-2005
120457330 1			460,000.00		458,657.30			30-Jun-2005		8.750%		NY - 80.00%		Paid Off - 24		01-Feb-2005
120457330 1					458,657.30			30-Jun-2005		8.750%		NY - 80.00%		Paid Off - 24		01-Feb-2005
120526970 1			500,000.00		498,212.59			10-Jun-2005		7.750%		NY - 31.25%		Paid Off - 60		01-Feb-2005
120526970 1					498,212.59			10-Jun-2005		7.750%		NY - 31.25%		Paid Off - 60		01-Feb-2005
120581294 1			140,000.00		139,569.71			27-Jun-2005		5.875%		CA - 41.79%		Paid Off - 60		01-Apr-2005
120581294 1					139,569.71			27-Jun-2005		5.875%		CA - 41.79%		Paid Off - 60		01-Apr-2005
120733420 1			183,750.00		183,322.48			30-Jun-2005		8.750%		CA - 75.00%		Paid Off - 24		01-Mar-2005
120733420 1					183,322.48			30-Jun-2005		8.750%		CA - 75.00%		Paid Off - 24		01-Mar-2005
120743677 1			240,000.00		239,441.61			06-Jul-2005		8.750%		NJ - 80.00%		Paid Off - 24		01-Mar-2005
120743677 1					239,441.61			06-Jul-2005		8.750%		NJ - 80.00%		Paid Off - 24		01-Mar-2005
120755471 1			266,250.00		265,489.50			23-Jun-2005		7.740%		HI - 75.00%		Paid Off - 60		01-Mar-2005
120755471 1					265,489.50			23-Jun-2005		7.740%		HI - 75.00%		Paid Off - 60		01-Mar-2005
120758222 1			140,777.00		140,313.55			15-Jul-2005		7.375%		OR - 85.00%		Paid Off - 60		01-Mar-2005
120758222 1					140,313.55			15-Jul-2005		7.375%		OR - 85.00%		Paid Off - 60		01-Mar-2005
120773864 1			29,475.00		29,397.10			14-Jun-2005		8.125%		PA - 90.00%		Paid Off - 60		01-Mar-2005
120773864 1					29,397.10			14-Jun-2005		8.125%		PA - 90.00%		Paid Off - 60		01-Mar-2005
120775627 1			224,000.00		223,146.43			16-Jun-2005		7.625%		CA - 80.00%		Paid Off - 60		01-Mar-2005
120775627 1					223,146.43			16-Jun-2005		7.625%		CA - 80.00%		Paid Off - 60		01-Mar-2005
120787764 1			58,500.00		58,360.40			16-Jun-2005		7.250%		WA - 75.00%		Paid Off - 24		01-Apr-2005
120787764 1					58,360.40			16-Jun-2005		7.250%		WA - 75.00%		Paid Off - 24		01-Apr-2005
120808506 1			123,250.00		122,799.49			27-Jun-2005		7.250%		WA - 85.00%		Paid Off - 60		01-Mar-2005
120808506 1					122,799.49			27-Jun-2005		7.250%		WA - 85.00%		Paid Off - 60		01-Mar-2005
120820424 1			33,375.00		33,264.66			20-Jun-2005		7.000%		PA - 75.00%		Paid Off - 60		01-Apr-2005
120820424 1					33,264.66			20-Jun-2005		7.000%		PA - 75.00%		Paid Off - 60		01-Apr-2005
120824204 1			482,625.00		480,748.98			27-Jun-2005		7.125%		CA - 75.00%		Paid Off - 60		01-Mar-2005
120824204 1					480,748.98			27-Jun-2005		7.125%		CA - 75.00%		Paid Off - 60		01-Mar-2005
120824950 1			247,500.00		247,062.07			13-Jun-2005		6.625%		CA - 90.00%		Paid Off - 60		01-May-2005
120824950 1					247,062.07			13-Jun-2005		6.625%		CA - 90.00%		Paid Off - 60		01-May-2005
120862801 1			50,400.00		50,265.85			13-Jun-2005		6.625%		PA - 90.00%		Paid Off - 60		01-Apr-2005
120862801 1					50,265.85			13-Jun-2005		6.625%		PA - 90.00%		Paid Off - 60		01-Apr-2005
120901746 1			590,625.00		588,620.57			17-Jun-2005		8.125%		CA - 75.00%		Paid Off - 60		01-Mar-2005
120901746 1					588,620.57			17-Jun-2005		8.125%		CA - 75.00%		Paid Off - 60		01-Mar-2005
120932218 1			60,000.00		19,784.88			22-Jun-2005		7.075%		TN - 48.00%		Paid Off - 24		01-May-2005
120932218 1					19,784.88			22-Jun-2005		7.075%		TN - 48.00%		Paid Off - 24		01-May-2005
120947863 1			62,000.00		61,907.69			17-Jun-2005		7.500%		CO - 49.60%		Paid Off - 60		01-May-2005
120947863 1					61,907.69			17-Jun-2005		7.500%		CO - 49.60%		Paid Off - 60		01-May-2005
120957766 1			68,000.00		67,903.71			10-Jun-2005		7.750%		HI - 85.00%		Paid Off - 24		01-May-2005
120957766 1					67,903.71			10-Jun-2005		7.750%		HI - 85.00%		Paid Off - 24		01-May-2005
120996341 1			196,000.00		195,274.06			11-Jul-2005		7.000%		CA - 80.00%		Paid Off - 60		01-Apr-2005
120996341 1					195,274.06			11-Jul-2005		7.000%		CA - 80.00%		Paid Off - 60		01-Apr-2005
121029372 1			36,125.00		36,056.26			13-Jun-2005		6.250%		FL - 85.00%		Paid Off - 60		01-May-2005
121029372 1					36,056.26			13-Jun-2005		6.250%		FL - 85.00%		Paid Off - 60		01-May-2005
121073104 1			87,200.00		87,099.30			29-Jun-2005		8.750%		CO - 80.00%		Paid Off - 24		01-May-2005
121073104 1					87,099.30			29-Jun-2005		8.750%		CO - 80.00%		Paid Off - 24		01-May-2005
121089959 1			31,875.00		31,822.07			13-Jun-2005		6.950%		FL - 75.00%		Paid Off - 60		01-May-2005
121089959 1					31,822.07			13-Jun-2005		6.950%		FL - 75.00%		Paid Off - 60		01-May-2005
121128568 1			150,000.00		149,847.06			28-Jun-2005		5.875%		CA - 75.00%		Paid Off - 60		01-Jun-2005
121128568 1					149,847.06			28-Jun-2005		5.875%		CA - 75.00%		Paid Off - 60		01-Jun-2005
121130214 1			68,000.00		67,861.00			01-Jul-2005		5.875%		CA - 80.00%		Paid Off - 60		01-May-2005
121130214 1					67,861.00			01-Jul-2005		5.875%		CA - 80.00%		Paid Off - 60		01-May-2005
121135570 1			198,750.00		198,547.37			29-Jun-2005		5.875%		GA - 75.00%		Paid Off - 60		01-Jun-2005
121135570 1					198,547.37			29-Jun-2005		5.875%		GA - 75.00%		Paid Off - 60		01-Jun-2005
121163211 1			13,600.00		13,600.00			07-Jul-2005		4.875%		WA - 80.00%		Paid Off - 60		01-Jul-2005
121163211 1					13,600.00			07-Jul-2005		4.875%		WA - 80.00%		Paid Off - 60		01-Jul-2005
121194252 1			252,000.00		251,755.07			08-Jul-2005		6.125%		TX - 90.00%		Paid Off - 60		01-Jun-2005
121194252 1					251,755.07			08-Jul-2005		6.125%		TX - 90.00%		Paid Off - 60		01-Jun-2005
121205965 1			128,700.00		128,530.71			06-Jul-2005		5.875%		WA - 90.00%		Paid Off - 60		01-Jun-2005
121205965 1					128,530.71			06-Jul-2005		5.875%		WA - 90.00%		Paid Off - 60		01-Jun-2005
121228940 1			60,800.00		60,800.00			05-Jul-2005		5.875%		FL - 80.00%		Paid Off - 60		01-Jul-2005
121228940 1					60,800.00			05-Jul-2005		5.875%		FL - 80.00%		Paid Off - 60		01-Jul-2005
121294974 1			37,400.00		37,400.00			05-Jul-2005		6.625%		NC - 89.90%		Paid Off - 60		01-Jul-2005
121294974 1					37,400.00			05-Jul-2005		6.625%		NC - 89.90%		Paid Off - 60		01-Jul-2005
121323526 1			72,000.00		72,000.00			01-Jul-2005		5.875%		ID - 90.00%		Paid Off - 60		01-Jul-2005
121323526 1					72,000.00			01-Jul-2005		5.875%		ID - 90.00%		Paid Off - 60		01-Jul-2005
120725999 1			157,500.00		157,287.94			01-Jan-1900		8.000%		FL - 90.00%		Repur/Subs - 60		01-May-2005
120725999 1					157,287.94					8.000%		FL - 90.00%		Repur/Subs - 60


Page 16 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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

121265577 1			43,200.00		43,200.00			01-Jan-1900		8.750%		CA - 80.00%		Repur/Subs - 24		01-Jul-2005
			43,200.00

121381835 1			33,915.00		33,915.00			01-Jan-1900		6.250%		FL - 85.00%		Repur/Subs - 60		01-Aug-2005
121381835 1					33,915.00			01-Jan-1900		6.250%		FL - 85.00%		Repur/Subs - 60		01-Aug-2005


TOTAL			6,189,092.00		6,111,138.85
TOTAL


Page 17 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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






		Class A Writedown Amount														0.00
		Class M Writedown Amount														0.00
		Class B Writedown Amount														0.00
		Class C Writedown Amount														0.00









Page 18 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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 19 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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 20 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 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 21 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						b) Does a Loss Trigger Event Exists (0=No,1=Yes)								0
						60+ days Delinqueny Balance								0.00
						Delinquency Percentage								0.0000%
						Credit Enhancement Percentage								3.2842%
						Cumulative Loss Percentage								0.0000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total

Excess Reserve Fund Account Balance														5,000.00




Page 22 of 23
IndyMac Residential Mortgage-Backed Trust 2005-L1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-L1

July 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Sched. Payments for 60+Day Delinquent Loans														0.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior														0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior														0.00



Current Scheduled Payments														1,585,079.94
Current Scheduled Payments 1 Month Prior														0.00
Current Scheduled Payments 2 Month Prior														0.00
Current Scheduled Payments 3 Month Prior														0.00
Current Scheduled Payments 4 Month Prior														0.00
Current Scheduled Payments 5 Month Prior														0.00
Current Scheduled Payments 6 Month Prior														0.00
Current Scheduled Payments 7 Month Prior														0.00
Current Scheduled Payments 8 Month Prior														0.00
Current Scheduled Payments 9 Month Prior														0.00
Current Scheduled Payments 10 Month Prior														0.00
Current Scheduled Payments 11 Month Prior														0.00




Page 23 of 23

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 14, 2005

INDYMAC ABS, INC.

(as depositor under the Pooling and Servicing Agreement,

dated as of June 1, 2005, providing for the issuance of

IndyMac Residential Mortgage-Backed Trust, Series 2005-L1)

IndyMac ABS, Inc.

(Exact name of registrant as specified in its charter)

DELAWARE	333-120706-04	95-4685267
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
155 North Lake Avenue Pasadena, California		91101
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (626) 535-5555

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))

Section 2 - Financial Information

Item 2.01 - Completion of Acquisition or Disposition of Assets

On June 14, 2005, a single series of certificates, entitled IndyMac Residential Mortgage-Backed Trust, Series 2005-L1 (the “Certificates”), was issued pursuant to a pooling and servicing agreement, dated as of June 1, 2005 (the “Agreement”), among IndyMac ABS, Inc. as depositor (the “Depositor”), IndyMac Bank, F.S.B. as master servicer (the “Master Servicer”) and Deutsche Bank National Trust Company as trustee (the “Trustee”).

Upon the closing of the initial issuance of the Certificates, (i) the Depositor purchased from IndyMac Bank, F.S.B. as seller (in such capacity, the “Seller”) certain Initial Mortgage Loans with an aggregate principal balance equal to $229,821,906 and transferred such mortgage loans to the Trustee, (ii) the Trustee deposited funds in the pre-funding accounts (the “Pre-Funding Accounts”), which were established pursuant to the Agreement, in an amount equal to $20,178,094 and (iii) the Trustee purchased from the Depositor certain Subsequent Mortgage Loans with an aggregate principal balance equal to $20,177,178 with funds on deposit in the Pre-Funding Accounts at a purchase price equal to the principal balance thereof.

On June 28, 2005, the Trustee purchased from the Depositor certain Subsequent Mortgage Loans with an aggregate principal balance equal to $20,177,178 with funds on deposit in the Pre-Funding Accounts at a purchase price equal to the principal balance thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant to a Subsequent Transfer Instrument, dated June 28, 2005, among the Depositor, the Seller and the Trustee (the “Instrument”). Attached to the Instrument is the Mortgage Loan Schedule listing the Subsequent Mortgage Loans that are the subject of such Instrument.

Capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.

Section 8 – Other Events

Item 8.01 Other Events.

Description of the Certificates and the Mortgage Pool

The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting of a pool of mortgage loans (the “Mortgage Pool”) of fixed and adjustable rate, residential lot mortgage loans (the “Mortgage Loans”). As of June 28, 2005, the Trust Fund primarily consisted of (i) the Mortgage Pool, which consisted of Mortgage Loans having an aggregate principal balance of $229,821,906 and (ii) the Pre-Funding Accounts, which contained $20,178,094.

The tables attached as an exhibit hereto describe certain characteristics of the Mortgage Pool as of the June 28, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

1. Not applicable

2. Not applicable

3. Exhibits

Exhibit No.	Item 601(a) of Regulation S K Exhibit No	Description
1	99	Subsequent Transfer Instrument, dated as of June 28, 2005, among IndyMac ABS, Inc., IndyMac Bank, F.S.B. and Deutsche Bank National Trust Company.
2	99	Characteristics of the Mortgage Pool as of June 28, 2005, relating to IndyMac Residential Mortgage-Backed Trust, Series 2005-L1.

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 thereunto duly authorized.

Dated: July 13, 2005

INDYMAC ABS, INC. By: /s/ Isaac Carrillo Name: Isaac Carrillo Title: Vice President

Index to Exhibits

Exhibit No.	Item 601(a) of Regulation S K Exhibit No.	Description	Sequentially Numbered Page
1	99	Subsequent Transfer Instrument
2	99	Characteristics of the Mortgage Pool as of June 28, 2005

Filing Compare · INDYMAC RESIDENTIAL MORTGAGE-BACKED TRUST, SERIES 2005-L1