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~~August 25, 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 ~~July~~August 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 Citigroup Mortgage Loan Trust Inc., Registrant Date: ~~Jul~~Aug 2526, 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~~August 25, 2005.

Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Citigroup Mrtg. Loan Trust
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11
										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										10. Realized Loss Report					20
										11. Realized Loss Detail Report					23
				Servicer(s)
										12. Triggers and Adj. Cert. Report					24
				New Century Mortgage Corporation
										13. Additional Certificate Report					25
				Underwriter(s)
				Citigroup
										Total Number of Pages					25
				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
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			~~July~~August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			~~June~~July 3029, 2005
										Main Phone Number:			(714) 247-6000
							July 22, 2005
							August 24, 2005
										https://www.tss.db.com/invr
Page 1 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	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		~~291~~270,~~698~~167,~~573~~695.2745		~~781~~835,~~449~~193.4641		2129,~~530~~675,~~877~~092.8275		2230,~~312~~510,~~327~~286.2816		0.00		0.00		~~270~~240,~~167~~492,~~695~~602.4570
A-1B	FLT, SR	$	154,353,000.00		154,353,000.00		~~429~~494,~~112~~444.6611		0.00		~~429~~494,~~112~~444.6611		0.00		0.00		154,353,000.00
A-1C1	FLT, SR	$	84,940,000.00		84,940,000.00		~~244~~280,~~067~~868.1627		0.00		~~244~~280,~~067~~868.1627		0.00		0.00		84,940,000.00
A-1C2	FLT, SR	$	20,000,000.00		20,000,000.00		5766,~~468~~133.1333		0.00		5766,~~468~~133.1333		0.00		0.00		20,000,000.00
A-2	FLT, SR	$	136,857,000.00		~~126~~121,~~059~~133,~~964~~969.4149		~~352~~390,~~416~~118.8868		46,~~925~~789,~~994~~289.9219		57,~~278~~179,~~411~~407.8087		0.00		0.00		~~121~~114,~~133~~344,~~969~~680.4930
A-3	FLT, SR	$	81,671,900.00		7572,~~228~~288,~~572~~895.9299		~~214~~237,~~992~~790.0631		24,~~939~~051,~~676~~631.9362		34,~~154~~289,~~668~~421.9993		0.00		0.00		7268,~~288~~237,~~895~~264.9937
M-1	MEZ, FLT	$	35,532,000.00		35,532,000.00		~~105~~120,~~137~~858.8515		0.00		~~105~~120,~~137~~858.8515		0.00		0.00		35,532,000.00
M-2	MEZ, FLT	$	32,443,000.00		32,443,000.00		96111,~~754~~189.6137		0.00		96111,~~754~~189.6137		0.00		0.00		32,443,000.00
M-3	MEZ, FLT	$	20,599,000.00		20,599,000.00		6171,~~912~~129.9549		0.00		6171,~~912~~129.9549		0.00		0.00		20,599,000.00
M-4	MEZ, FLT	$	27,808,000.00		27,808,000.00		88101,~~555~~530.0710		0.00		88101,~~555~~530.0710		0.00		0.00		27,808,000.00
M-5	MEZ, FLT	$	16,994,000.00		16,994,000.00		5462,~~646~~632.4033		0.00		5462,~~646~~632.4033		0.00		0.00		16,994,000.00
M-6	MEZ, FLT	$	15,964,000.00		15,964,000.00		5866,~~163~~396.3494		0.00		5866,~~163~~396.3494		0.00		0.00		15,964,000.00
M-7	MEZ, FLT	$	12,874,000.00		12,874,000.00		4754,~~706~~431.2799		0.00		4754,~~706~~431.2799		0.00		0.00		12,874,000.00
M-8	MEZ, FLT	$	10,300,000.00		10,300,000.00		4450,~~576~~644.8753		0.00		4450,~~576~~644.8753		0.00		0.00		10,300,000.00
M-9	MEZ, FLT	$	10,300,000.00		10,300,000.00		4450,~~576~~644.8753		0.00		4450,~~576~~644.8753		0.00		0.00		10,300,000.00
CE	EXE	$	30,382,316.00		30,382,324.82		21,~~462~~989,~~428~~301.3998		0.00		21,~~462~~989,~~428~~301.3998		0.00		0.00		30,382,324.82
P	SUB	$	100.00		100.00		~~593~~729,~~090~~997.9772		0.00		~~593~~729,~~090~~997.9772		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		~~965~~936,~~476~~079,~~535~~985.4275		5,~~737~~713,~~055~~305.9424		2940,~~396~~516,~~549~~013.6756		3546,~~133~~229,~~605~~318.6180		0.00		0.00		~~936~~895,~~079~~563,~~985~~972.7519
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
									Orig. Principal		Prior							Current
	Period		Period						(with Notional)		Principal						Total	Principal
Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance
									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	0607/2725/05		0708/24/05		A-Act/360		144531AW0		338,891,000.00		~~860~~797.~~744526~~211184		2.~~305902~~464490		6387.~~533342~~565302		6590.~~839244~~029792	~~797~~709.~~211184~~645882
A-1B	0607/2725/05		0708/24/05		A-Act/360		144531AX8		154,353,000.00		1,000.000000		23.~~780073~~203333		0.000000		23.~~780073~~203333	1,000.000000
A-1C1	0607/2725/05		0708/24/05		A-Act/360		144531AY6		84,940,000.00		1,000.000000		23.~~873407~~306667		0.000000		23.~~873407~~306667	1,000.000000
A-1C2	0607/2725/05		0708/24/05		A-Act/360		144531BJ8		20,000,000.00		1,000.000000		23.~~873407~~306667		0.000000		23.~~873407~~306667	1,000.000000
A-2	0607/2725/05		0708/24/05		A-Act/360		144531AZ3		136,857,000.00		~~921~~885.~~107173~~113436		2.~~575074~~850557		3549.~~993737~~608637		3852.~~568811~~459194	~~885~~835.~~113436~~504799
A-3	0607/2725/05		0708/24/05		A-Act/360		144531BA7		81,671,900.00		~~921~~885.~~107173~~113435		2.~~632387~~911532		3549.~~993738~~608637		3852.~~626125~~520168	~~885~~835.~~113435~~504799
M-1	0607/2725/05		0708/24/05		A-Act/360		144531BB5		35,532,000.00		1,000.000000		23.~~958962~~401389		0.000000		23.~~958962~~401389	1,000.000000
M-2	0607/2725/05		0708/24/05		A-Act/360		144531BC3		32,443,000.00		1,000.000000		23.~~982295~~427222		0.000000		23.~~982295~~427222	1,000.000000
M-3	0607/2725/05		0708/24/05		A-Act/360		144531BD1		20,599,000.00		1,000.000000		3.~~005629~~453055		0.000000		3.~~005629~~453055	1,000.000000
M-4	0607/2725/05		0708/24/05		A-Act/360		144531BE9		27,808,000.00		1,000.000000		3.~~184518~~651111		0.000000		3.~~184518~~651111	1,000.000000
M-5	0607/2725/05		0708/24/05		A-Act/360		144531BF6		16,994,000.00		1,000.000000		3.~~215629~~685555		0.000000		3.~~215629~~685555	1,000.000000
M-6	0607/2725/05		0708/24/05		A-Act/360		144531BG4		15,964,000.00		1,000.000000		34.~~643406~~159167		0.000000		34.~~643406~~159167	1,000.000000
M-7	0607/2725/05		0708/24/05		A-Act/360		144531BH2		12,874,000.00		1,000.000000		34.~~705629~~228056		0.000000		34.~~705629~~228056	1,000.000000
M-8	0607/2725/05		0708/24/05		A-Act/360		144531BK5		10,300,000.00		1,000.000000		4.~~327851~~916945		0.000000		4.~~327851~~916945	1,000.000000
M-9	0607/2725/05		0708/24/05		A-Act/360		144531BL3		10,300,000.00		1,000.000000		4.~~327851~~916945		0.000000		4.~~327851~~916945	1,000.000000
CE	0607/25/05		0708/24/05		A-30/360				30,382,316.00		1,000.000290		8165.~~048080~~475653		0.000000		8165.~~048080~~475653	1,000.000290
P	0607/25/05		0708/24/05		A-30/360				100.00		1,000.000000		57,~~930~~299,~~909~~977.~~700000~~200000		0.000000		57,~~930~~299,~~909~~977.~~700000~~200000	1,000.000000
R	0607/25/05		0708/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 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		45,~~663~~498,~~013~~206.2465		6796,~~044~~401,~~873~~027.8558		1,~~678~~997,~~430~~369.7072		6898,~~723~~398,~~304~~397.5530		73103,~~386~~896,~~317~~603.7995		0.00		0.00		~~270~~240,~~167~~492,~~695~~602.4570
A-1B	154,353,000.00		2,~~349~~843,~~349~~793.7485		0.00		0.00		0.00		2,~~349~~843,~~349~~793.7485		0.00		0.00		154,353,000.00
A-1C1	84,940,000.00		1,~~341~~622,~~539~~407.1441		0.00		0.00		0.00		1,~~341~~622,~~539~~407.1441		0.00		0.00		84,940,000.00
A-1C2	20,000,000.00		~~315~~382,~~879~~012.2558		0.00		0.00		0.00		~~315~~382,~~879~~012.2558		0.00		0.00		20,000,000.00
A-2	136,857,000.00		2,~~028~~418,~~034~~153.9260		1521,~~109~~782,~~865~~639.3052		~~613~~729,~~165~~680.2118		1522,~~723~~512,~~030~~319.5170		1724,~~751~~930,~~065~~473.4330		0.00		0.00		~~121~~114,~~133~~344,~~969~~680.4930
A-3	81,671,900.00		1,~~240~~478,~~537~~327.5889		812,~~769~~704,~~838~~955.7944		~~613~~729,~~165~~680.2118		913,~~383~~434,~~004~~635.0163		1014,~~623~~912,~~541~~963.5952		0.00		0.00		7268,~~288~~237,~~895~~264.9937
M-1	35,532,000.00		~~579~~700,~~865~~723.1126		0.00		0.00		0.00		~~579~~700,~~865~~723.1126		0.00		0.00		35,532,000.00
M-2	32,443,000.00		~~534~~645,~~104~~293.2764		0.00		0.00		0.00		~~534~~645,~~104~~293.2764		0.00		0.00		32,443,000.00
M-3	20,599,000.00		~~342~~413,~~070~~200.8029		0.00		0.00		0.00		~~342~~413,~~070~~200.8029		0.00		0.00		20,599,000.00
M-4	27,808,000.00		~~492~~593,~~342~~872.6878		0.00		0.00		0.00		~~492~~593,~~342~~872.6878		0.00		0.00		27,808,000.00
M-5	16,994,000.00		~~304~~366,~~127~~760.7609		0.00		0.00		0.00		~~304~~366,~~127~~760.7609		0.00		0.00		16,994,000.00
M-6	15,964,000.00		~~327~~394,~~644~~041.5246		0.00		0.00		0.00		~~327~~394,~~644~~041.5246		0.00		0.00		15,964,000.00
M-7	12,874,000.00		~~269~~323,~~146~~578.2221		0.00		0.00		0.00		~~269~~323,~~146~~578.2221		0.00		0.00		12,874,000.00
M-8	10,300,000.00		~~254~~305,~~702~~347.6013		0.00		0.00		0.00		~~254~~305,~~702~~347.6013		0.00		0.00		10,300,000.00
M-9	10,300,000.00		~~254~~305,~~702~~347.6013		0.00		0.00		0.00		~~254~~305,~~702~~347.6013		0.00		0.00		10,300,000.00
CE	30,382,316.00		1113,~~413~~402,~~169~~471.1008		0.00		0.00		0.00		1113,~~413~~402,~~169~~471.1008		0.00		8.82		30,382,324.82
P	100.00		12,~~481~~211,~~142~~139.0476		0.00		0.00		0.00		12,~~481~~211,~~142~~139.0476		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		2833,~~191~~904,~~371~~676.5781		90130,~~924~~888,~~577~~622.9454		23,~~904~~456,~~761~~730.1208		93134,~~829~~345,~~339~~352.0763		~~122~~168,~~020~~250,~~710~~029.6444		0.00		8.82		~~936~~895,~~079~~563,~~985~~972.7519
Interest Detail -
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	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.~~44438~~59000%		~~291~~270,~~698~~167,~~573~~695.2745		~~781~~835,~~449~~193.4641		0.00		0.00		0.00		~~781~~835,~~449~~193.4641		~~781~~835,~~449~~193.4641		0.00
A-1B	3.~~57438~~72000%		154,353,000.00		~~429~~494,~~112~~444.6611		0.00		0.00		0.00		~~429~~494,~~112~~444.6611		~~429~~494,~~112~~444.6611		0.00
A-1C1	3.~~69438~~84000%		84,940,000.00		~~244~~280,~~067~~868.1627		0.00		0.00		0.00		~~244~~280,~~067~~868.1627		~~244~~280,~~067~~868.1627		0.00
A-1C2	3.~~69438~~84000%		20,000,000.00		5766,~~468~~133.1333		0.00		0.00		0.00		5766,~~468~~133.1333		5766,~~468~~133.1333		0.00
A-2	3.~~59438~~74000%		~~126~~121,~~059~~133,~~964~~969.4149		~~352~~390,~~416~~118.8868		0.00		0.00		0.00		~~352~~390,~~416~~118.8868		~~352~~390,~~416~~118.8868		0.00
A-3	3.~~67438~~82000%		7572,~~228~~288,~~572~~895.9299		~~214~~237,~~992~~790.0631		0.00		0.00		0.00		~~214~~237,~~992~~790.0631		~~214~~237,~~992~~790.0631		0.00
M-1	3.~~80438~~95000%		35,532,000.00		~~105~~120,~~137~~858.8515		0.00		0.00		0.00		~~105~~120,~~137~~858.8515		~~105~~120,~~137~~858.8515		0.00
M-2	3.~~83438~~98000%		32,443,000.00		96111,~~754~~189.6137		0.00		0.00		0.00		96111,~~754~~189.6137		96111,~~754~~189.6137		0.00
M-3	34.~~86438~~01000%		20,599,000.00		6171,~~912~~129.9549		0.00		0.00		0.00		6171,~~912~~129.9549		6171,~~912~~129.9549		0.00
M-4	4.~~09438~~24000%		27,808,000.00		88101,~~555~~530.0710		0.00		0.00		0.00		88101,~~555~~530.0710		88101,~~555~~530.0710		0.00
M-5	4.~~13438~~28000%		16,994,000.00		5462,~~646~~632.4033		0.00		0.00		0.00		5462,~~646~~632.4033		5462,~~646~~632.4033		0.00
M-6	4.~~68438~~83000%		15,964,000.00		5866,~~163~~396.3494		0.00		0.00		0.00		5866,~~163~~396.3494		5866,~~163~~396.3494		0.00
M-7	4.~~76438~~91000%		12,874,000.00		4754,~~706~~431.2799		0.00		0.00		0.00		4754,~~706~~431.2799		4754,~~706~~431.2799		0.00
M-8	5.~~56438~~71000%		10,300,000.00		4450,~~576~~644.8753		0.00		0.00		0.00		4450,~~576~~644.8753		4450,~~576~~644.8753		0.00
M-9	5.~~56438~~71000%		10,300,000.00		4450,~~576~~644.8753		0.00		0.00		0.00		4450,~~576~~644.8753		4450,~~576~~644.8753		0.00
CE	9778.~~25767~~57076%		30,382,324.82		0.00		0.00		0.00		0.00		0.00		21,~~462~~989,~~428~~301.3998		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		~~593~~729,~~090~~997.9772		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			~~965~~936,~~476~~079,~~535~~985.4275		2,~~681~~994,~~536~~005.5854		0.00		0.00		0.00		2,~~681~~994,~~536~~005.5854		5,~~737~~713,~~055~~305.9424		0.00
Page 3 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														2940,~~396~~516,~~549~~013.6756
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														2940,~~396~~516,~~549~~013.6756
Interest Collections														5,~~426~~249,~~383~~313.8776
Interest Withdrawals														-0.00
Interest Fees														-~~282~~266,~~418~~006.9024
Interest Other Accounts														~~593~~729,~~090~~997.9772
TOTAL NET INTEREST														5,~~737~~713,~~055~~305.9424
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														3546,~~133~~229,~~605~~318.6180
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															~~445~~435,~~022~~453.3299
Curtailments															3226,~~825~~143.5213
Prepayments In Full															2837,~~918~~324,~~701~~773.8332
Repurchased/Substitutions															02,729,643.0012
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-~~147~~156,~~969~~146.6669
Realized Losses															-0.00
Advanced Principal															~~147~~156,~~969~~146.6669
TOTAL PRINCIPAL COLLECTED															2940,~~396~~516,~~549~~013.6756
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														5,~~548~~360,~~660~~776.5546
Repurchased/Substitution Interest														014,904.0058
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-72101,~~715~~786.6973
Delinquent Interest														-1,~~725~~780,~~631~~710.4398
Compensating Interest														72101,~~715~~786.6872
Civil Relief Act Shortfalls														-0.00
Interest Advanced														1,~~603~~654,~~354~~343.7570
TOTAL INTEREST COLLECTED														5,~~426~~249,~~383~~313.8776
INTEREST - WITHDRAWALS
														Total
Non-Recoverable Advances														0.00
Reimbursements to Master Servicer														0.00
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														~~593~~729,~~090~~997.9772
Net WAC Investment Income														0.00
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														~~593~~729,~~090~~997.9772
INTEREST - FEES
														Total
Current Servicing Fees														~~280~~263,~~005~~666.2104
Trustee Fees														2,~~413~~340.6920
TOTAL INTEREST FEES														~~282~~266,~~418~~006.9024
Page 5 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
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														2223.~~775439~~805818%
Page 6 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														4,816
Prior														4,~~575~~457
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-~~118~~135
Repurchases														-09
Liquidations														-0
Current														4,~~457~~313
Principal Balance:
Original														1,029,909,316.07
Prior														~~965~~936,~~476~~079,~~535~~985.4275
Prefunding														0.00
Scheduled Principal														-~~445~~435,~~022~~453.3299
Partial Prepayments														-3226,~~825~~143.5213
Full Voluntary Prepayments														-2837,~~918~~324,~~701~~773.8332
Repurchases														-02,729,643.0012
Liquidations														-0.00
Current														~~936~~895,~~079~~563,~~985~~972.7519
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.91108%
Weighted Average Coupon Prior														6.~~89896~~89648%
Weighted Average Coupon Current														6.~~89648~~89131%
Weighted Average Months to Maturity Original														353
Weighted Average Months to Maturity Prior														~~351~~350
Weighted Average Months to Maturity Current														~~350~~349
Weighted Avg Remaining Amortization Term Original														353
Weighted Avg Remaining Amortization Term Prior														~~351~~350
Weighted Avg Remaining Amortization Term Current														~~350~~349
Weighted Average Seasoning Original														3.00
Weighted Average Seasoning Prior														6.0099
Weighted Average Seasoning Current														67.99
Page 8 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.54959%
Weighted Average Margin Prior														5.~~54909~~54823%
Weighted Average Margin Current														5.~~54823~~54751%
Weighted Average Max Rate Original														13.82909%
Weighted Average Max Rate Prior														13.~~81518~~81126%
Weighted Average Max Rate Current														13.~~81126~~80414%
Weighted Average Min Rate Original														5.57827%
Weighted Average Min Rate Prior														5.~~57757~~57488%
Weighted Average Min Rate Current														5.~~57488~~57215%
Weighted Average Cap Up Original														1.50466%
Weighted Average Cap Up Prior														1.~~50443~~50380%
Weighted Average Cap Up Current														1.~~50380~~50393%
Weighted Average Cap Down Original														1.50466%
Weighted Average Cap Down Prior														1.~~50443~~50380%
Weighted Average Cap Down Current														1.~~50380~~50393%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														~~280~~263,~~005~~666.2104
Delinquent Servicing Fees														~~122~~126,~~276~~367.6829
TOTAL SERVICING FEES														~~402~~390,~~281~~033.9033
Total Servicing Fees														~~402~~390,~~281~~033.9033
Compensating Interest														-72101,~~715~~786.6872
Delinquent Servicing Fees														-~~122~~126,~~276~~367.6829
COLLECTED SERVICING FEES														~~207~~161,~~289~~879.5332
Total Advanced Interest														1,~~603~~654,~~354~~343.7570
Total Advanced Principal														~~147~~156,~~969~~146.6669
Aggregate Advances with respect to this Distribution														1,~~751~~810,~~324~~490.4139
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														72101,~~715~~786.6973
Compensating Interest														-72101,~~715~~786.6872
Net Prepayment Interest Shortfall (PPIS)														0.00
Ending Pool Stated Principal Balance														~~936~~895,~~079~~563,~~985~~972.7519
Weighted Average Net Mortgage Rate														6.~~393483~~388310%
Page 9 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				86,~~631~~075,~~502~~766.1775		3,~~910~~830,~~198~~775.6996		~~984~~1,~~129~~409,460.7997		1311,~~525~~316,~~830~~003.6568
			% Balance				0.9268%		0.4243%		0.1116%		1.4426%
			# Loans				3731		1915		710		6356
			% # Loans				0.8372%		0.4335%		0.1623%		1.4130%
	FORECLOSURE		Balance		0.00		0.00		~~957~~1,~~013~~124,954.5421		35,~~310~~402,~~886~~200.0204		46,~~267~~527,~~899~~154.5625
			% Balance		0.00%		0.00%		0.1013%		0.3560%		0.4673%
			# Loans		0		0		63		1525		2128
			% # Loans		0.00%		0.00%		0.1307%		0.3458%		0.4765%
	BANKRUPTCY		Balance		2,~~135~~605,~~086~~455.9578		~~329~~143,~~600~~245.0019		0388,990.0008		0295,763.0031		23,~~464~~433,~~686~~454.9536
			% Balance		0.2329%		0.0402%		0.0004%		0.0003%		0.2638%
			# Loans		1417		21		03		02		1623
			% # Loans		0.3139%		0.0402%		0.0007%		0.0005%		0.3653%
	REO		Balance		0.00		0.00		0.00		690,~~586~~506.6838		690,~~586~~506.6838
			% Balance		0.00%		0.00%		0.00%		0.0708%		0.0708%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.07%		0.07%
	TOTAL		Balance		2,~~135~~605,~~086~~455.9578		86,~~961~~219,~~102~~011.1794		45,~~867~~344,~~212~~720.2325		47,~~985~~797,~~602~~930.4970		2021,~~949~~967,~~003~~118.8467
			% Balance		0.2329%		0.9669%		0.5260%		0.5387%		2.2445%
			# Loans		1417		3932		2521		2540		~~103~~110
			% # Loans		0.3139%		0.8874%		0.5649%		0.5693%		2.3155%
Page 10 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 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
1927122 1
			87,200.00		87,131.8743		01-Feb-2005		7.850%		TX - 80.00%		360		01-Dec-2004
1000224901 1			104,000.00		103,~~454~~375.8702		01-Feb-2005		7.550%		TN - 80.00%		360		01-Jan-2005
1000503360 1			500,000.00		499,999.9493		01-Feb-2005		7.100%		TX - 80.00%		360		01-Feb-2005
TOTAL			691,200.00		690,~~586~~506.6838
Page 11 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 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
1855094 1
			552,000.00		552,000.00		01-Feb-2005		6.350%		CA - 80.00%		360		01-Jan-2005
1886368 1			192,000.00		190,~~515~~325.7180		01-Feb-2005		6.250%		NJ - 80.00%		360		01-Dec-2004
1886394 1			128,000.00		127,999.63		01-Mar-2005		6.650%		GA - 80.00%		360		01-Dec-2004
1894275 1			76,500.00		76,~~168~~112.7359		01-Mar-2005		7.750%		MO - 90.00%		360		01-Feb-2005
1915489 1			464,000.00		461,725.70		01-Feb-2005		7.887%		NY - 80.00%		360		01-Jan-2005
1899981 1			199,920.00		199,920.00		01-Mar-2005		6.590%		CA - 80.00%		360		01-Dec-2004
1931030 1			119,700.00		118,883.10		01-Feb-2005		6.900%		NC - 95.00%		360		01-Dec-2004
1901499 1			372,000.00		372,000.00		01-Apr-2005		6.850%		CA - 80.00%		360		01-Dec-2004
1932849 1			80,750.00		80,750.00		01-Mar-2005		9.100%		MI - 95.00%		360		01-Jan-2005
1915489 1			464,000.00		461,392.20		01-Feb-2005		7.887%		NY - 80.00%		360		01-Jan-2005
1933682 1			140,000.00		139,362.01		01-Feb-2005		8.250%		GA - 80.00%		360		01-Jan-2005
1931030 1			119,700.00		118,778.33		01-Feb-2005		6.900%		NC - 95.00%		360		01-Dec-2004
1948058 1			85,850.00		85,434.40		01-Feb-2005		7.950%		IN - 85.00%		360		01-Jan-2005
1934876 1			225,000.00		223,267.63		01-Mar-2005		6.900%		WA - 87.21%		360		01-Dec-2004
1948058 1			85,850.00		85,373.45		01-Feb-2005		7.950%		IN - 85.00%		360		01-Jan-2005
1949626 1			489,250.00		489,250.00		01-Feb-2005		6.700%		CA - 95.00%		360		01-Jan-2005
1953254 1			96,000.00		95,~~352~~257.3387		01-Feb-2005		6.250%		TX - 80.00%		360		01-Jan-2005
1963215 1			204,000.00		204,000.00		01-Feb-2005		6.950%		CA - 80.00%		360		01-Jan-2005
1970085 1			139,000.00		138,196.17		01-Feb-2005		7.050%		WI - 72.40%		360		01-Jan-2005
1968490 1			95,040.00		94,531.85		01-Mar-2005		7.450%		KS - 90.00%		360		01-Feb-2005
1000104531 1			311,200.00		310,476.20		01-Feb-2005		7.900%		IL - 80.00%		360		01-Dec-2004
1970085 1			139,000.00		138,078.62		01-Feb-2005		7.050%		WI - 72.40%		360		01-Jan-2005
1972228 1			524,000.00		524,000.00		01-Apr-2005		6.750%		CA - 80.00%		360		01-Jan-2005
1000080619 1			230,500.00		228,954.21		01-Apr-2005		6.990%		CA - 86.98%		360		01-Jan-2005
1000104531 1			311,200.00		310,471.43		01-Feb-2005		7.900%		IL - 80.00%		360		01-Dec-2004
1000110622 1			306,400.00		304,408.30		01-Mar-2005		7.150%		CA - 80.00%		360		01-Jan-2005
1000133652 1			204,250.00		204,250.00		01-Mar-2005		8.050%		MN - 95.00%		360		01-Jan-2005
1000170460 1			208,400.00		207,212.44		01-Feb-2005		7.125%		MN - 80.00%		360		01-Jan-2005
1000180191 1			300,000.00		300,000.00		01-Mar-2005		6.600%		CA - 80.00%		360		01-Jan-2005
1000197860 1			99,000.00		98,504.95		01-Feb-2005		6.990%		MA - 66.89%		360		01-Feb-2005
1000222832 1			136,000.00		135,141.50		01-Feb-2005		7.300%		MI - 80.00%		360		01-Jan-2005
1000222832 1			136,000.00		135,251.10		01-Feb-2005		7.300%		MI - 80.00%		360		01-Jan-2005
1000223092 1			68,000.00		67,587.30		01-Mar-2005		7.500%		MI - 66.02%		360		01-Jan-2005
1000299992 1			85,000.00		84,721.91		01-Feb-2005		9.100%		FL - 60.28%		360		01-Feb-2005
1000226883 1			152,750.00		151,858.96		01-Mar-2005		7.700%		IL - 65.00%		360		01-Jan-2005
1000322154 1			85,500.00		85,195.87		01-Mar-2005		8.700%		SC - 90.00%		360		01-Feb-2005
1000247904 1			104,800.00		104,799.92		01-Feb-2005		5.800%		AR - 80.00%		360		01-Jan-2005
1000513260 1			385,000.00		382,649.31		01-Mar-2005		5.950%		CA - 54.00%		360		01-Feb-2005
1000322154 1			85,500.00		85,143.96		01-Mar-2005		8.700%		SC - 90.00%		360		01-Feb-2005
TOTAL			4,281,400.00		4,267,899.56
1000427194 1			300,000.00		300,000.00		01-Mar-2005		6.250%		CA - 80.00%		360		01-Feb-2005
1000513260 1			385,000.00		382,250.70		01-Mar-2005		5.950%		CA - 54.00%		360		01-Feb-2005
TOTAL			6,546,660.00		6,527,154.25
Page 12 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														~~118~~135
Number of Repurchased Loans														09
Total Number of Loans Prepaid in Full														~~118~~144
Curtailments Amount														3226,~~825~~143.5213
Paid in Full Balance														2837,~~918~~324,~~701~~773.8332
Repurchased Loans Balance														02,729,643.0012
Total Prepayment Amount														2840,~~951~~080,~~527~~559.3557
Cumulative
Number of Paid in Full Loans														~~359~~494
Number of Repurchased Loans														09
Total Number of Loans Prepaid in Full														~~359~~503
Paid in Full Balance														91128,~~008~~333,~~536~~310.7305
Repurchased Loans Balance														02,729,643.0012
Curtailments Amount														~~529~~555,~~197~~340.6881
Total Prepayment Amount														91131,~~537~~618,~~734~~293.4198
Page 13 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														34.0028%
3 Months Avg SMM														23.2815%
12 Months Avg SMM														12.8526%
Avg SMM Since Cut-off														12.8526%
CPR														3040.6287%
3 Months Avg CPR														2431.1590%
12 Months Avg CPR														2023.0597%
Avg CPR Since Cut-off														2023.0597%
PSA														2,~~190~~558.1935%
3 Months Avg PSA Approximation														2,~~014~~281.5854%
12 Months Avg PSA Approximation														2,~~006~~181.5822%
Avg PSA Since Cut-off Approximation														2,~~006~~181.5823%
Page 14 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 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 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
1755127 1			559,000.00		558,863.16			07-Jun-2005		8.150%		CA - 82.81%		Paid Off - 360		01-Oct-2004
1757869 1			415,200.00		415,200.00			29-Jul-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1823962 1			343,200.00		343,184.68			24-Jun-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1846442 1			370,000.00		369,948.56			15-Jul-2005		6.350%		CA - 86.05%		Paid Off - 360		01-Jan-2005
1860130 1			342,784.00		342,637.29			07-Jun-2005		5.800%		CA - 79.90%		Paid Off - 360		01-Jan-2005
1849540 1			351,000.00		351,000.00			21-Jul-2005		7.300%		CA - 90.00%		Paid Off - 360		01-Nov-2004
1872051 1			102,000.00		101,554.70			08-Jun-2005		8.462%		MD - 85.00%		Paid Off - 360		01-Dec-2004
1854105 1			351,000.00		350,957.38			29-Jul-2005		7.200%		NY - 82.59%		Paid Off - 360		01-Dec-2004
1882120 1			54,000.00		53,614.29			17-Jun-2005		7.050%		FL - 14.21%		Paid Off - 360		01-Jan-2005
1862534 1			400,000.00		397,102.94			21-Jul-2005		5.875%		NJ - 54.42%		Paid Off - 360		01-Jan-2005
1886504 1			359,125.00		359,125.00			24-Jun-2005		5.900%		CA - 85.00%		Paid Off - 360		01-Dec-2004
1865614 1			218,500.00		218,500.00			11-Jul-2005		7.900%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1889032 1			444,000.00		443,879.70			03-Jun-2005		6.400%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1878065 1			264,000.00		263,994.89			05-Jul-2005		5.150%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1891457 1			424,000.00		424,000.00			23-Jun-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1880910 1			600,000.00		596,286.57			28-Jul-2005		6.700%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1897108 1			200,000.00		199,113.18			30-Jun-2005		7.600%		CA - 40.65%		Paid Off - 360		01-Jan-2005
1881795 1			256,500.00		256,500.00			20-Jul-2005		6.125%		VA - 90.00%		Paid Off - 360		01-Jan-2005
1907509 1			517,400.00		513,982.40			17-Jun-2005		6.400%		CA - 64.68%		Paid Off - 360		01-Dec-2004
1885958 1			575,200.00		575,200.00			05-Jul-2005		6.200%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
1908069 1			89,120.00		89,120.00			17-Jun-2005		6.950%		IL - 80.00%		Paid Off - 360		01-Dec-2004
1890528 1			300,000.00		299,016.91			20-Jul-2005		9.850%		NY - 100.00%		Paid Off - 360		01-Jan-2005
1912737 1			207,000.00		207,000.00			27-Jun-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1891300 1			368,760.00		368,760.00			13-Jul-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1914970 1			350,400.00		348,563.41			17-Jun-2005		7.550%		IL - 80.00%		Paid Off - 360		01-Dec-2004
1893080 1			338,850.00		338,850.00			29-Jul-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1917684 1			357,000.00		357,000.00			06-Jun-2005		7.600%		CA - 85.00%		Paid Off - 360		01-Dec-2004
1893290 1			354,000.00		354,000.00			28-Jul-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1921143 1			323,950.00		323,949.83			17-Jun-2005		7.100%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1896951 1			270,000.00		269,999.94			05-Jul-2005		6.850%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1921398 1			505,800.00		505,800.00			30-Jun-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1898671 1			71,000.00		70,776.86			28-Jul-2005		10.050%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1924251 1			161,900.00		161,276.14			06-Jun-2005		8.300%		FL - 89.99%		Paid Off - 360		01-Jan-2005
1900140 1			216,000.00		216,000.00			19-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1924835 1			214,400.00		214,399.88			02-Jun-2005		5.850%		WA - 80.00%		Paid Off - 360		01-Dec-2004
1902725 1			275,500.00		275,500.00			29-Jul-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1924995 1			206,400.00		206,400.00			20-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1908186 1			187,000.00		186,181.66			05-Jul-2005		8.450%		CA - 61.11%		Paid Off - 360		01-Jan-2005
1925555 1			83,313.00		82,965.17			13-Jun-2005		7.950%		MA - 100.00%		Paid Off - 360		01-Jan-2005
1909916 1			321,000.00		321,000.00			06-Jul-2005		7.550%		NY - 94.97%		Paid Off - 360		01-Dec-2004
1925836 1			404,000.00		401,533.28			20-Jun-2005		5.950%		MO - 80.00%		Paid Off - 360		01-Jan-2005
1910209 1			356,000.00		356,000.00			05-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1926377 1			312,000.00		312,000.00			09-Jun-2005		6.175%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1911456 1			447,200.00		447,200.00			05-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1927191 1			267,200.00		267,199.53			09-Jun-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1911983 1			399,500.00		399,500.00			05-Jul-2005		6.738%		MA - 85.00%		Paid Off - 360		01-Jan-2005
1927295 1			408,000.00		408,000.00			08-Jun-2005		6.875%		CA - 76.26%		Paid Off - 360		01-Jan-2005
1917901 1			391,200.00		391,200.00			18-Jul-2005		6.250%		HI - 80.00%		Paid Off - 360		01-Dec-2004
1928007 1			258,000.00		256,341.53			01-Jun-2005		6.700%		NJ - 84.31%		Paid Off - 360		01-Dec-2004
1919489 1			31,000.00		30,722.78			21-Jul-2005		10.450%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1928519 1			369,550.00		369,550.00			13-Jun-2005		8.850%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1926386 1			255,200.00		255,195.17			21-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1928630 1			162,500.00		161,424.34			07-Jun-2005		6.350%		DC - 63.73%		Paid Off - 360		01-Dec-2004
1928656 1			476,000.00		475,487.60			20-Jul-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1928660 1			276,300.00		276,300.00			30-Jun-2005		6.990%		CA - 90.29%		Paid Off - 360		01-Jan-2005
1929136 1			161,000.00		159,974.35			22-Jul-2005		6.550%		OH - 60.75%		Paid Off - 360		01-Jan-2005
1930703 1			361,000.00		360,891.74			03-Jun-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1931949 1			320,000.00		320,000.00			07-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1942216 1			244,000.00		244,000.00			13-Jun-2005		6.300%		CA - 62.56%		Paid Off - 360		01-Jan-2005
1934695 1			528,000.00		527,781.65			18-Jul-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1942565 1			165,600.00		165,600.00			15-Jun-2005		7.650%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1942491 1			356,000.00		356,000.00			15-Jul-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1944617 1			241,000.00		239,899.07			15-Jun-2005		7.450%		CA - 64.27%		Paid Off - 360		01-Jan-2005
1945314 1			503,500.00		503,499.92			15-Jul-2005		7.300%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1947706 1			242,250.00		242,250.00			17-Jun-2005		7.350%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1946003 1			112,200.00		111,721.89			29-Jul-2005		7.800%		VA - 60.00%		Paid Off - 360		01-Feb-2005
1949213 1			310,000.00		308,665.85			30-Jun-2005		7.750%		CA - 77.50%		Paid Off - 360		01-Jan-2005
1947607 1			352,000.00		352,000.00			13-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1949773 1			220,000.00		218,790.43			30-Jun-2005		6.500%		CA - 56.85%		Paid Off - 360		01-Jan-2005
1949386 1			473,000.00		469,793.65			13-Jul-2005		6.225%		CA - 62.24%		Paid Off - 360		01-Jan-2005
1952550 1			306,000.00		304,472.91			16-Jun-2005		7.000%		NJ - 90.00%		Paid Off - 360		01-Jan-2005
1953838 1			186,000.00		184,815.10			06-Jul-2005		6.550%		CT - 77.50%		Paid Off - 360		01-Jan-2005
1954344 1			312,000.00		310,229.97			02-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1954704 1			340,000.00		340,000.00			22-Jul-2005		5.600%		CA - 80.00%		Paid Off - 360		01-Jan-2005
Page 16 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
1955390 1			187,000.00		186,043.75			09-Jun-2005		6.875%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1955135 1			180,000.00		179,985.14			22-Jul-2005		6.600%		CA - 83.72%		Paid Off - 360		01-Jan-2005
1956581 1			184,000.00		182,794.14			27-Jun-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1956028 1			288,000.00		287,018.17			22-Jul-2005		8.900%		HI - 80.00%		Paid Off - 360		01-Feb-2005
1957269 1			427,829.00		425,689.74			29-Jun-2005		6.990%		CA - 87.00%		Paid Off - 360		01-Jan-2005
1956863 1			162,000.00		161,107.94			12-Jul-2005		7.300%		CA - 38.94%		Paid Off - 360		01-Jan-2005
1961521 1			143,200.00		142,539.34			23-Jun-2005		7.400%		IL - 80.00%		Paid Off - 360		01-Jan-2005
1959433 1			320,000.00		320,000.00			29-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1961610 1			48,980.00		48,597.28			07-Jun-2005		10.250%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1959434 1			80,000.00		79,759.01			29-Jul-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1962144 1			231,000.00		230,032.74			08-Jun-2005		6.950%		CA - 75.00%		Paid Off - 360		01-Feb-2005
1959528 1			140,000.00		139,206.10			25-Jul-2005		7.150%		MD - 51.28%		Paid Off - 360		01-Jan-2005
1963472 1			76,000.00		75,662.98			22-Jun-2005		7.600%		FL - 82.61%		Paid Off - 360		01-Jan-2005
1960578 1			252,000.00		252,000.00			25-Jul-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1964370 1			235,200.00		235,200.00			09-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1960581 1			63,000.00		62,810.22			25-Jul-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1966097 1			27,980.00		27,803.19			20-Jun-2005		10.450%		AZ - 20.00%		Paid Off - 240		01-Feb-2005
1960777 1			271,600.00		269,934.01			05-Jul-2005		6.200%		MD - 70.00%		Paid Off - 360		01-Feb-2005
1967168 1			600,000.00		597,286.17			06-Jun-2005		7.500%		CA - 78.95%		Paid Off - 360		01-Jan-2005
1964391 1			119,250.00		118,497.61			13-Jul-2005		6.600%		MD - 75.00%		Paid Off - 360		01-Jan-2005
1970157 1			234,000.00		234,000.00			23-Jun-2005		6.850%		CA - 73.12%		Paid Off - 360		01-Jan-2005
1964601 1			320,000.00		318,371.96			29-Jul-2005		7.700%		CA - 82.05%		Paid Off - 360		01-Jan-2005
1970414 1			590,750.00		590,750.00			30-Jun-2005		7.400%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1965344 1			225,000.00		223,524.82			22-Jul-2005		6.400%		CA - 61.64%		Paid Off - 360		01-Jan-2005
1970697 1			277,000.00		276,899.14			14-Jun-2005		7.700%		CA - 72.89%		Paid Off - 360		01-Jan-2005
1965958 1			243,414.00		243,414.00			05-Jul-2005		8.600%		NV - 90.00%		Paid Off - 360		01-Jan-2005
1971096 1			480,000.00		476,985.26			27-Jun-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1966035 1			351,500.00		351,490.50			22-Jul-2005		7.500%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1973356 1			100,300.00		99,813.90			08-Jun-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1967469 1			475,000.00		471,434.51			28-Jul-2005		6.500%		CA - 69.85%		Paid Off - 360		01-Jan-2005
1973778 1			387,000.00		386,977.20			16-Jun-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1967815 1			366,300.00		364,238.19			27-Jul-2005		7.188%		VA - 90.00%		Paid Off - 360		01-Jan-2005
1974244 1			138,750.00		138,030.08			14-Jun-2005		6.800%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1968236 1			279,000.00		277,367.62			07-Jul-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1974898 1			405,000.00		405,000.00			16-Jun-2005		7.550%		NV - 90.00%		Paid Off - 360		01-Jan-2005
1971071 1			445,500.00		445,500.00			12-Jul-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1976127 1			45,600.00		45,276.17			14-Jun-2005		10.990%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1972245 1			150,000.00		149,273.95			22-Jul-2005		7.950%		MN - 55.56%		Paid Off - 360		01-Jan-2005
1976281 1			216,000.00		214,867.28			08-Jun-2005		6.750%		NV - 88.52%		Paid Off - 360		01-Jan-2005
1972786 1			152,000.00		151,300.32			27-Jul-2005		8.200%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1979323 1			319,000.00		319,000.00			22-Jun-2005		7.150%		CA - 94.94%		Paid Off - 360		01-Jan-2005
1975066 1			571,050.00		567,446.93			05-Jul-2005		6.600%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1980595 1			208,000.00		208,000.00			14-Jun-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1975512 1			550,000.00		546,788.37			21-Jul-2005		7.000%		CA - 88.71%		Paid Off - 360		01-Jan-2005
1981097 1			337,500.00		337,398.52			30-Jun-2005		7.050%		AZ - 90.00%		Paid Off - 360		01-Jan-2005
1977890 1			500,000.00		500,000.00			05-Jul-2005		6.650%		CA - 84.75%		Paid Off - 360		01-Jan-2005
1981450 1			254,000.00		252,426.22			27-Jun-2005		6.990%		CA - 84.67%		Paid Off - 360		01-Jan-2005
1978399 1			600,000.00		595,692.20			28-Jul-2005		6.150%		CA - 82.76%		Paid Off - 360		01-Jan-2005
1981572 1			55,080.00		55,079.22			27-Jun-2005		8.350%		CO - 90.00%		Paid Off - 360		01-Jan-2005
1979441 1			38,578.00		38,251.02			06-Jul-2005		10.850%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1982026 1			255,960.00		255,960.06			07-Jun-2005		6.550%		WA - 80.00%		Paid Off - 360		01-Jan-2005
1979490 1			334,000.00		331,991.96			06-Jul-2005		6.850%		CA - 83.50%		Paid Off - 360		01-Jan-2005
1984343 1			495,000.00		495,000.00			30-Jun-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1982108 1			228,000.00		227,780.41			25-Jul-2005		6.900%		HI - 95.00%		Paid Off - 360		01-Jan-2005
1989116 1			152,000.00		151,192.78			29-Jun-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1983438 1			363,792.00		363,776.91			27-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000041387 1			306,000.00		306,000.00			27-Jun-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Nov-2004
1985606 1			60,942.00		60,396.27			18-Jul-2005		10.450%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1000048736 1			304,000.00		304,000.00			06-Jun-2005		7.650%		FL - 80.00%		Paid Off - 360		01-Nov-2004
1986061 1			92,600.00		92,322.73			22-Jul-2005		10.850%		CA - 20.00%		Paid Off - 360		01-Feb-2005
1000058396 1			34,000.00		33,742.72			09-Jun-2005		10.500%		CA - 20.00%		Paid Off - 240		01-Jan-2005
1986707 1			331,500.00		331,500.00			29-Jul-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000059901 1			387,000.00		387,000.00			14-Jun-2005		7.450%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1988668 1			100,000.00		99,618.56			05-Jul-2005		8.350%		VA - 31.25%		Paid Off - 360		01-Feb-2005
1000064147 1			200,000.00		199,945.51			10-Jun-2005		6.400%		CA - 66.67%		Paid Off - 360		01-Dec-2004
1991338 1			212,000.00		211,078.45			25-Jul-2005		7.700%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000066225 1			326,560.00		326,470.60			27-Jun-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000012578 1			154,000.00		153,997.44			01-Jul-2005		7.500%		CA - 57.79%		Paid Off - 360		01-Jan-2005
1000082733 1			391,000.00		390,886.29			28-Jun-2005		6.900%		CA - 85.00%		Paid Off - 360		01-Dec-2004
1000037178 1			454,500.00		454,500.00			12-Jul-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000082911 1			306,000.00		306,000.00			16-Jun-2005		7.600%		CA - 88.95%		Paid Off - 360		01-Dec-2004
1000061729 1			180,000.00		180,000.00			06-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000090190 1			220,000.00		218,718.97			06-Jun-2005		6.200%		CA - 74.58%		Paid Off - 360		01-Dec-2004
1000077829 1			261,250.00		261,249.99			15-Jul-2005		8.490%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1000099431 1			308,000.00		306,586.04			01-Jun-2005		7.425%		NJ - 80.00%		Paid Off - 360		01-Jan-2005
1000084795 1			388,000.00		385,528.25			06-Jul-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Dec-2004
Page 17 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
1000103097 1			104,800.00		103,921.78			22-Jun-2005		7.550%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000088327 1			393,000.00		393,000.00			07-Jul-2005		7.350%		CA - 92.47%		Paid Off - 360		01-Dec-2004
1000113996 1			392,000.00		392,000.00			30-Jun-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000092660 1			192,000.00		192,000.00			08-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1000118250 1			204,000.00		204,000.00			17-Jun-2005		7.150%		MD - 80.00%		Paid Off - 360		01-Dec-2004
1000092937 1			246,400.00		245,229.11			14-Jul-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000123903 1			360,000.00		358,095.59			30-Jun-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000097683 1			284,750.00		284,749.94			06-Jul-2005		7.100%		FL - 79.99%		Paid Off - 360		01-Jan-2005
1000126919 1			220,000.00		218,880.49			16-Jun-2005		6.900%		WI - 80.00%		Paid Off - 360		01-Jan-2005
1000103435 1			96,000.00		95,561.42			08-Jul-2005		7.450%		MD - 69.57%		Paid Off - 360		01-Feb-2005
1000130076 1			100,000.00		99,586.46			20-Jun-2005		7.950%		IL - 55.56%		Paid Off - 360		01-Jan-2005
1000105219 1			100,000.00		99,458.77			22-Jul-2005		7.388%		NY - 20.41%		Paid Off - 360		01-Jan-2005
1000136980 1			92,980.00		92,750.92			16-Jun-2005		10.450%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000108564 1			393,300.00		393,300.00			26-Jul-2005		8.300%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000138498 1			129,600.00		129,030.96			29-Jun-2005		7.650%		MN - 90.00%		Paid Off - 360		01-Jan-2005
1000109536 1			536,000.00		536,000.00			19-Jul-2005		6.375%		MD - 77.68%		Paid Off - 360		01-Jan-2005
1000147022 1			140,250.00		139,733.39			09-Jun-2005		7.600%		MN - 85.00%		Paid Off - 360		01-Feb-2005
1000111792 1			493,548.00		490,373.58			20-Jul-2005		6.500%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000160809 1			331,500.00		331,500.00			13-Jun-2005		5.800%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000113727 1			265,500.00		265,369.71			28-Jul-2005		5.750%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000161924 1			185,250.00		185,250.00			14-Jun-2005		8.100%		GA - 95.00%		Paid Off - 360		01-Jan-2005
1000119400 1			80,000.00		79,703.97			18-Jul-2005		8.500%		CT - 50.00%		Paid Off - 360		01-Feb-2005
1000162460 1			210,000.00		208,820.42			23-Jun-2005		6.400%		NY - 60.00%		Paid Off - 360		01-Jan-2005
1000132136 1			337,500.00		335,765.70			14-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-Jan-2005
1000168188 1			79,110.00		78,750.07			28-Jun-2005		7.900%		MO - 90.00%		Paid Off - 360		01-Jan-2005
1000139362 1			427,500.00		425,303.27			18-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-Jan-2005
1000170736 1			112,000.00		111,413.22			08-Jun-2005		6.750%		WI - 80.00%		Paid Off - 360		01-Jan-2005
1000142107 1			297,600.00		297,600.00			06-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000174475 1			499,000.00		496,370.47			07-Jun-2005		6.720%		NY - 73.93%		Paid Off - 360		01-Jan-2005
1000145596 1			281,000.00		280,806.47			08-Jul-2005		8.100%		CA - 94.93%		Paid Off - 360		01-Jan-2005
1000179693 1			95,000.00		94,648.40			22-Jun-2005		7.950%		IL - 51.35%		Paid Off - 360		01-Feb-2005
1000150160 1			66,000.00		65,813.49			07-Jul-2005		10.550%		IL - 20.00%		Paid Off - 360		01-Jan-2005
1000186925 1			230,350.00		230,276.81			24-Jun-2005		7.530%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000168507 1			375,200.00		375,200.00			05-Jul-2005		5.550%		MA - 80.00%		Paid Off - 360		01-Jan-2005
1000190402 1			315,000.00		313,594.98			29-Jun-2005		6.625%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000171441 1			71,200.00		70,804.07			06-Jul-2005		7.250%		MI - 80.00%		Paid Off - 360		01-Jan-2005
1000211844 1			252,000.00		252,000.00			02-Jun-2005		6.800%		MD - 89.36%		Paid Off - 360		01-Jan-2005
1000183928 1			130,000.00		129,277.11			06-Jul-2005		7.250%		MD - 78.79%		Paid Off - 360		01-Jan-2005
1000231298 1			231,000.00		230,999.75			16-Jun-2005		7.900%		CA - 84.93%		Paid Off - 360		01-Feb-2005
1000190028 1			180,000.00		179,564.65			28-Jul-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000232956 1			175,000.00		174,402.01			22-Jun-2005		7.975%		MA - 67.83%		Paid Off - 360		01-Feb-2005
1000209429 1			525,000.00		525,000.00			08-Jul-2005		6.800%		NJ - 82.03%		Paid Off - 360		01-Feb-2005
1000245247 1			188,000.00		187,107.32			09-Jun-2005		6.300%		IL - 80.00%		Paid Off - 360		01-Feb-2005
1000226286 1			270,000.00		268,376.76			18-Jul-2005		6.850%		WA - 90.00%		Paid Off - 360		01-Jan-2005
1000245924 1			105,000.00		104,696.63			06-Jun-2005		8.800%		FL - 42.00%		Paid Off - 360		01-Feb-2005
1000227436 1			512,000.00		512,000.00			08-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000254478 1			103,500.00		103,031.67			09-Jun-2005		7.500%		GA - 90.00%		Paid Off - 360		01-Jan-2005
1000227748 1			133,950.00		133,088.42			05-Jul-2005		6.500%		MD - 95.00%		Paid Off - 360		01-Jan-2005
1000282802 1			189,750.00		188,601.72			17-Jun-2005		7.600%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1000228649 1			409,500.00		409,467.46			22-Jul-2005		7.100%		GA - 90.00%		Paid Off - 360		01-Jan-2005
1000306387 1			132,800.00		132,799.95			30-Jun-2005		6.200%		NV - 80.00%		Paid Off - 360		01-Feb-2005
1000232581 1			388,000.00		387,999.94			12-Jul-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000315563 1			51,980.00		51,873.76			29-Jun-2005		10.450%		FL - 20.00%		Paid Off - 360		01-Feb-2005
1000236248 1			128,000.00		127,481.00			11-Jul-2005		10.400%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1000364858 1			361,800.00		361,800.00			14-Jun-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000245407 1			259,250.00		259,250.00			29-Jul-2005		6.850%		FL - 85.00%		Paid Off - 360		01-Feb-2005
1000430215 1			205,000.00		204,370.16			27-Jun-2005		8.500%		CA - 68.33%		Paid Off - 360		01-Feb-2005
1000245470 1			120,000.00		119,450.52			26-Jul-2005		7.438%		ME - 54.55%		Paid Off - 360		01-Feb-2005
1000500835 1			384,750.00		383,289.92			09-Jun-2005		7.450%		NY - 95.00%		Paid Off - 360		01-Feb-2005
1000261282 1			549,000.00		549,000.00			12-Jul-2005		6.400%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000504706 1			162,000.00		161,379.09			15-Jun-2005		7.400%		MO - 90.00%		Paid Off - 360		01-Feb-2005
1000262628 1			166,400.00		165,586.48			15-Jul-2005		7.900%		VA - 80.00%		Paid Off - 360		01-Jan-2005
1000513180 1			171,900.00		171,352.15			30-Jun-2005		9.000%		SC - 90.00%		Paid Off - 360		01-Feb-2005
1000265830 1			115,500.00		115,035.32			25-Jul-2005		8.600%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1000513536 1			213,500.00		212,561.44			13-Jun-2005		6.700%		CA - 70.00%		Paid Off - 360		01-Feb-2005
1000272788 1			67,450.00		67,048.38			27-Jul-2005		6.900%		MI - 95.00%		Paid Off - 360		01-Jan-2005
1000519200 1			154,000.00		153,180.65			28-Jun-2005		5.700%		CA - 71.63%		Paid Off - 360		01-Feb-2005
1000275017 1			204,000.00		204,000.00			29-Jul-2005		5.750%		MD - 80.00%		Paid Off - 360		01-Jan-2005
1000520706 1			59,500.00		59,247.25			30-Jun-2005		9.300%		FL - 85.00%		Paid Off - 360		01-Feb-2005
1000302880 1			300,000.00		298,966.75			13-Jul-2005		8.850%		CA - 75.00%		Paid Off - 360		01-Feb-2005
1000529299 1			169,600.00		168,969.04			30-Jun-2005		7.550%		MA - 80.00%		Paid Off - 360		01-Feb-2005
1000317311 1			201,000.00		199,884.20			27-Jul-2005		6.450%		CA - 68.60%		Paid Off - 360		01-Feb-2005
1000531687 1			233,000.00		232,199.81			07-Jun-2005		7.950%		CA - 71.69%		Paid Off - 360		01-Feb-2005
1000317357 1			459,000.00		459,000.00			07-Jul-2005		6.000%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000533836 1			320,000.00		320,000.00			27-Jun-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000425052 1			50,000.00		49,799.36			07-Jul-2005		8.100%		WI - 69.44%		Paid Off - 360		01-Feb-2005
Page 18 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original							Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date
1000534318 1			80,000.00		79,873.33			27-Jun-2005		11.650%		CA - 20.00%		Paid Off - 360		01-Feb-2005
1000467729 1			157,500.00		157,005.10			13-Jul-2005		9.300%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000535291 1			144,000.00		143,600.76			30-Jun-2005		9.000%		DC - 80.00%		Paid Off - 360		01-Feb-2005
1000476568 1			165,750.00		164,881.56			25-Jul-2005		6.750%		MD - 75.00%		Paid Off - 360		01-Feb-2005
1000538859 1			116,000.00		115,550.99			16-Jun-2005		7.350%		TX - 80.00%		Paid Off - 360		01-Feb-2005
1000476817 1			243,150.00		243,150.00			26-Jul-2005		5.950%		AZ - 79.99%		Paid Off - 360		01-Feb-2005
1000539288 1			29,000.00		28,800.79			16-Jun-2005		9.800%		TX - 20.00%		Paid Off - 240		01-Feb-2005
1000494030 1			296,250.00		295,329.85			01-Jul-2005		9.350%		CA - 75.00%		Paid Off - 360		01-Feb-2005
1000539965 1			353,000.00		351,156.91			13-Jun-2005		5.800%		CA - 59.83%		Paid Off - 360		01-Feb-2005
1000496644 1			317,600.00		315,936.06			15-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005
TOTAL			28,985,801.00		28,918,701.83
1000504573 1			106,800.00		106,358.34			13-Jul-2005		7.950%		OR - 80.00%		Paid Off - 360		01-Feb-2005
1000506367 1			165,300.00		164,718.85			22-Jul-2005		8.750%		NJ - 95.00%		Paid Off - 360		01-Feb-2005
1000508828 1			222,500.00		221,276.62			18-Jul-2005		6.500%		MD - 82.41%		Paid Off - 360		01-Feb-2005
1000512083 1			92,000.00		91,517.95			11-Jul-2005		6.750%		FL - 54.12%		Paid Off - 360		01-Feb-2005
1000515703 1			337,500.00		335,675.57			01-Jul-2005		6.588%		NJ - 90.00%		Paid Off - 360		01-Feb-2005
1000520742 1			432,000.00		432,000.00			07-Jul-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000522250 1			279,000.00		279,000.00			25-Jul-2005		6.550%		CA - 90.00%		Paid Off - 360		01-Feb-2005
1000522633 1			172,250.00		171,501.22			12-Jul-2005		7.700%		CA - 65.00%		Paid Off - 360		01-Feb-2005
1000524356 1			300,600.00		300,600.00			05-Jul-2005		5.950%		CA - 88.41%		Paid Off - 360		01-Feb-2005
1000530385 1			187,000.00		185,866.82			08-Jul-2005		5.990%		CA - 83.11%		Paid Off - 360		01-Feb-2005
1000537823 1			320,000.00		318,008.95			05-Jul-2005		5.850%		MA - 80.00%		Paid Off - 360		01-Feb-2005
1000538118 1			80,000.00		79,798.66			05-Jul-2005		10.350%		MA - 20.00%		Paid Off - 360		01-Feb-2005
1000538396 1			61,750.00		61,535.09			26-Jul-2005		8.800%		FL - 95.00%		Paid Off - 360		01-Feb-2005
1000540123 1			206,500.00		205,671.49			14-Jul-2005		8.100%		WA - 70.00%		Paid Off - 360		01-Feb-2005
1000555205 1			134,000.00		133,268.44			18-Jul-2005		6.900%		CA - 79.76%		Paid Off - 360		01-Feb-2005
1000555599 1			375,700.00		375,700.00			11-Jul-2005		6.375%		CA - 85.00%		Paid Off - 360		01-Feb-2005
1000556375 1			157,500.00		156,835.52			22-Jul-2005		7.850%		DC - 75.00%		Paid Off - 360		01-Feb-2005
1932849 1			80,750.00		80,750.00			01-Jan-1900		9.100%		MI - 95.00%		Repur/Subs - 360		01-Jan-2005
1000061881 1			584,982.00		581,559.44			01-Jan-1900		6.990%		CA - 90.00%		Repur/Subs - 360		01-Jan-2005
1000157751 1			364,000.00		363,844.38			01-Jan-1900		5.850%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000157877 1			#######		312,000.00			01-Jan-1900		6.490%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000170460 1			208,400.00		207,212.44			01-Jan-1900		7.125%		MN - 80.00%		Repur/Subs - 360		01-Jan-2005
1000194596 1			316,800.00		316,800.00			01-Jan-1900		5.990%		CA - 80.00%		Repur/Subs - 360		01-Jan-2005
1000197860 1			99,000.00		98,504.95			01-Jan-1900		6.990%		MA - 66.89%		Repur/Subs - 360		01-Feb-2005
1000241349 1			684,250.00		684,250.00			01-Jan-1900		5.990%		CA - 85.00%		Repur/Subs - 360		01-Jan-2005
1000299992 1			85,000.00		84,721.91			01-Jan-1900		9.100%		FL - 60.28%		Repur/Subs - 360		01-Feb-2005
TOTAL			40,145,466.00		40,054,416.44
Page 19 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
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
Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Page 20 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 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 21 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 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 22 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Realized Loss Detail Report
Loan Number			Current		State &				Prior		Realized				Cumulative
&		Loan	Note		LTV at		Original		Principal		Loss/(Gain)		Realized		Realized
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
TOTAL
Page 23 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Triggers and Adj. Cert. Report
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
														Total
Current LIBOR Rate														3.~~314380~~460000%
Next LIBOR Rate														0.000000%
Page 24 of 25
Carrington Mortgage Loan Trust 2005-NC1
Mortgage Pass-Through Certificates
2005-NC1
July 25, 2005 Distribution
August 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS
			A-1A										0.00		0.00
			A-1B										0.00		0.00
			A-1C1										0.00		0.00
			A-1C2										0.00		0.00
			A-2										0.00		0.00
			A-3										0.00		0.00
			M-1										0.00		0.00
			M-2										0.00		0.00
			M-3										0.00		0.00
			M-4										0.00		0.00
			M-5										0.00		0.00
			M-6										0.00		0.00
			M-7										0.00		0.00
			M-8										0.00		0.00
			M-9										0.00		0.00
Page 25 of 25

Filing Compare · Carrington Mortgage Loan Trust, Series 2005-NC1