
                                     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):  October 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
     October 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:  Oct 28, 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 October 25, 2005.



Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution

				External Parties						Table of Contents

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

										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					20
										11. Realized Loss Detail Report					23
				Servicer(s)						11. Realized Loss Detail Report					23
				Servicer(s)						12. Triggers and Adj. Cert. Report					24
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					24
				New Century Mortgage Corporation						13. Additional Certificate Report					25
										13. Additional Certificate Report					25


				Underwriter(s)
				Citigroup


										Total Number of Pages					25
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Brent Hoyler
				Close Date:			February 03, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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






Page 1 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance


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

A-1A	FLT, SR	$	338,891,000.00		210,805,539.86		672,469.67		22,532,947.29		23,205,416.96		0.00		0.00		188,272,592.57
A-1A	FLT, SR	$	338,891,000.00		210,805,539.86		672,469.67		22,532,947.29		23,205,416.96		0.00		0.00		188,272,592.57
A-1B	FLT, SR	$	154,353,000.00		154,353,000.00		508,550.26		0.00		508,550.26		0.00		0.00		154,353,000.00
A-1C1	FLT, SR	$	84,940,000.00		84,940,000.00		288,064.57		0.00		288,064.57		0.00		0.00		84,940,000.00
A-1C2	FLT, SR	$	20,000,000.00		20,000,000.00		67,827.78		0.00		67,827.78		0.00		0.00		20,000,000.00
A-2	FLT, SR	$	136,857,000.00		107,552,652.50		356,088.91		5,155,255.85		5,511,344.76		0.00		0.00		102,397,396.65
A-3	FLT, SR	$	81,671,900.00		64,183,998.44		216,638.82		3,076,492.55		3,293,131.37		0.00		0.00		61,107,505.89
M-1	MEZ, FLT	$	35,532,000.00		35,532,000.00		123,651.36		0.00		123,651.36		0.00		0.00		35,532,000.00
M-2	MEZ, FLT	$	32,443,000.00		32,443,000.00		113,685.68		0.00		113,685.68		0.00		0.00		32,443,000.00
M-3	MEZ, FLT	$	20,599,000.00		20,599,000.00		72,680.14		0.00		72,680.14		0.00		0.00		20,599,000.00
M-4	MEZ, FLT	$	27,808,000.00		27,808,000.00		103,268.10		0.00		103,268.10		0.00		0.00		27,808,000.00
M-5	MEZ, FLT	$	16,994,000.00		16,994,000.00		63,656.69		0.00		63,656.69		0.00		0.00		16,994,000.00
M-6	MEZ, FLT	$	15,964,000.00		15,964,000.00		66,871.42		0.00		66,871.42		0.00		0.00		15,964,000.00
M-7	MEZ, FLT	$	12,874,000.00		12,874,000.00		54,757.41		0.00		54,757.41		0.00		0.00		12,874,000.00
M-8	MEZ, FLT	$	10,300,000.00		10,300,000.00		50,447.11		0.00		50,447.11		0.00		0.00		10,300,000.00
M-9	MEZ, FLT	$	10,300,000.00		10,300,000.00		50,447.11		0.00		50,447.11		0.00		0.00		10,300,000.00
CE	EXE	$	30,382,316.00		30,382,324.82		1,702,320.32		0.00		1,702,320.32		0.00		0.00		30,382,324.82
P	SUB	$	100.00		100.00		524,445.27		0.00		524,445.27		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		855,031,615.62		5,035,870.62		30,764,695.69		35,800,566.31		0.00		0.00		824,266,919.93
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1A	09/26/05		10/24/05		A-Act/360		144531AW0		338,891,000.00		622.045259		1.984324		66.490250		68.474574	555.555009
A-1B	09/26/05		10/24/05		A-Act/360		144531AX8		154,353,000.00		1,000.000000		3.294722		0.000000		3.294722	1,000.000000
A-1C1	09/26/05		10/24/05		A-Act/360		144531AY6		84,940,000.00		1,000.000000		3.391389		0.000000		3.391389	1,000.000000
A-1C2	09/26/05		10/24/05		A-Act/360		144531BJ8		20,000,000.00		1,000.000000		3.391389		0.000000		3.391389	1,000.000000
A-2	09/26/05		10/24/05		A-Act/360		144531AZ3		136,857,000.00		785.876152		2.601905		37.668923		40.270828	748.207228
A-3	09/26/05		10/24/05		A-Act/360		144531BA7		81,671,900.00		785.876151		2.652550		37.668923		40.321474	748.207228
M-1	09/26/05		10/24/05		A-Act/360		144531BB5		35,532,000.00		1,000.000000		3.480000		0.000000		3.480000	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		144531BC3		32,443,000.00		1,000.000000		3.504167		0.000000		3.504167	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		144531BD1		20,599,000.00		1,000.000000		3.528333		0.000000		3.528333	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		144531BE9		27,808,000.00		1,000.000000		3.713611		0.000000		3.713611	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		144531BF6		16,994,000.00		1,000.000000		3.745833		0.000000		3.745833	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		144531BG4		15,964,000.00		1,000.000000		4.188889		0.000000		4.188889	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		144531BH2		12,874,000.00		1,000.000000		4.253333		0.000000		4.253333	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		144531BK5		10,300,000.00		1,000.000000		4.897778		0.000000		4.897778	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		144531BL3		10,300,000.00		1,000.000000		4.897778		0.000000		4.897778	1,000.000000
CE	09/25/05		10/24/05		A-30/360				30,382,316.00		1,000.000290		56.029972		0.000000		56.029972	1,000.000290
P	09/25/05		10/24/05		A-30/360				100.00		1,000.000000		5,244,452.700000		0.000000		5,244,452.700000	1,000.000000
R	09/25/05		10/24/05		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
Mortgage Pass-Through Certificates
2005-NC1

October 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		6,976,860.97		148,020,628.73		2,597,778.70		150,618,407.43		157,595,268.40		0.00		0.00		188,272,592.57
A-1B	154,353,000.00		3,887,606.01		0.00		0.00		0.00		3,887,606.01		0.00		0.00		154,353,000.00
A-1C1	84,940,000.00		2,214,085.29		0.00		0.00		0.00		2,214,085.29		0.00		0.00		84,940,000.00
A-1C2	20,000,000.00		521,329.25		0.00		0.00		0.00		521,329.25		0.00		0.00		20,000,000.00
A-2	136,857,000.00		3,172,797.25		33,510,581.44		949,021.91		34,459,603.35		37,632,400.60		0.00		0.00		102,397,396.65
A-3	81,671,900.00		1,937,663.91		19,615,372.19		949,021.91		20,564,394.11		22,502,058.02		0.00		0.00		61,107,505.89
M-1	35,532,000.00		954,856.02		0.00		0.00		0.00		954,856.02		0.00		0.00		35,532,000.00
M-2	32,443,000.00		878,982.37		0.00		0.00		0.00		878,982.37		0.00		0.00		32,443,000.00
M-3	20,599,000.00		562,623.15		0.00		0.00		0.00		562,623.15		0.00		0.00		20,599,000.00
M-4	27,808,000.00		806,426.32		0.00		0.00		0.00		806,426.32		0.00		0.00		27,808,000.00
M-5	16,994,000.00		497,807.43		0.00		0.00		0.00		497,807.43		0.00		0.00		16,994,000.00
M-6	15,964,000.00		532,023.63		0.00		0.00		0.00		532,023.63		0.00		0.00		15,964,000.00
M-7	12,874,000.00		436,597.62		0.00		0.00		0.00		436,597.62		0.00		0.00		12,874,000.00
M-8	10,300,000.00		409,731.91		0.00		0.00		0.00		409,731.91		0.00		0.00		10,300,000.00
M-9	10,300,000.00		409,731.91		0.00		0.00		0.00		409,731.91		0.00		0.00		10,300,000.00
CE	30,382,316.00		16,767,376.71		0.00		0.00		0.00		16,767,376.71		0.00		8.82		30,382,324.82
P	100.00		3,486,315.37		0.00		0.00		0.00		3,486,315.37		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		44,452,815.12		201,146,582.36		4,495,822.52		205,642,404.89		250,095,220.01		0.00		8.82		824,266,919.93


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

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1A	3.96000%		210,805,539.86		672,469.67		0.00		0.00		0.00		672,469.67		672,469.67		0.00
A-1B	4.09000%		154,353,000.00		508,550.26		0.00		0.00		0.00		508,550.26		508,550.26		0.00
A-1C1	4.21000%		84,940,000.00		288,064.57		0.00		0.00		0.00		288,064.57		288,064.57		0.00
A-1C2	4.21000%		20,000,000.00		67,827.78		0.00		0.00		0.00		67,827.78		67,827.78		0.00
A-2	4.11000%		107,552,652.50		356,088.91		0.00		0.00		0.00		356,088.91		356,088.91		0.00
A-3	4.19000%		64,183,998.44		216,638.82		0.00		0.00		0.00		216,638.82		216,638.82		0.00
M-1	4.32000%		35,532,000.00		123,651.36		0.00		0.00		0.00		123,651.36		123,651.36		0.00
M-2	4.35000%		32,443,000.00		113,685.68		0.00		0.00		0.00		113,685.68		113,685.68		0.00
M-3	4.38000%		20,599,000.00		72,680.14		0.00		0.00		0.00		72,680.14		72,680.14		0.00
M-4	4.61000%		27,808,000.00		103,268.10		0.00		0.00		0.00		103,268.10		103,268.10		0.00
M-5	4.65000%		16,994,000.00		63,656.69		0.00		0.00		0.00		63,656.69		63,656.69		0.00
M-6	5.20000%		15,964,000.00		66,871.42		0.00		0.00		0.00		66,871.42		66,871.42		0.00
M-7	5.28000%		12,874,000.00		54,757.41		0.00		0.00		0.00		54,757.41		54,757.41		0.00
M-8	6.08000%		10,300,000.00		50,447.11		0.00		0.00		0.00		50,447.11		50,447.11		0.00
M-9	6.08000%		10,300,000.00		50,447.11		0.00		0.00		0.00		50,447.11		50,447.11		0.00
CE	67.23595%		30,382,324.82		0.00		0.00		0.00		0.00		0.00		1,702,320.32		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		524,445.27		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			855,031,615.62		2,809,105.03		0.00		0.00		0.00		2,809,105.03		5,035,870.62		0.00



Page 3 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														30,736,583.02
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														30,736,583.02
Interest Collections														4,761,599.12
Interest Withdrawals														-0.00
Interest Fees														-222,061.10
Interest Other Accounts														524,445.27
TOTAL NET INTEREST														5,063,983.29
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														35,800,566.31



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															403,331.23
Curtailments															26,484.21
Prepayments In Full															29,812,795.41
Repurchased/Substitutions															489,250.00
Liquidations															32,834.84
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-167,224.19
Realized Losses															-28,112.67
Advanced Principal															167,224.19
TOTAL PRINCIPAL COLLECTED															30,736,583.02


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														4,902,543.17
Repurchased/Substitution Interest														2,731.65
Liquidation Interest														296.88
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-81,921.02
Delinquent Interest														-1,921,758.97
Compensating Interest														81,921.02
Civil Relief Act Shortfalls														-0.00
Interest Advanced														1,777,786.39
TOTAL INTEREST COLLECTED														4,761,599.12


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														524,445.27
Net WAC Investment Income														0.00
Current Cap Provider Payments Received														0.00
TOTAL INTEREST OTHER ACCOUNTS														524,445.27



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														219,923.52
Trustee Fees														2,137.58
TOTAL INTEREST FEES														222,061.10




Page 5 of 25
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Mortgage Pass-Through Certificates
2005-NC1

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount - Prior Period														30,382,324.82
Current Period Losses														28,112.67
Overcollateralized Amount - After Current Losses														30,354,212.15

Overcollateralization Increase Amount														28,112.67
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														25.864962%



Page 6 of 25
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Mortgage Pass-Through Certificates
2005-NC1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														4,816
Prior														4,132
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-120
Repurchases														-1
Liquidations														-1
Current														4,010
Principal Balance:


Original														1,029,909,316.07
Prior														855,031,615.62
Prefunding														0.00
Scheduled Principal														-403,331.23
Partial Prepayments														-26,484.21
Full Voluntary Prepayments														-29,812,795.41
Repurchases														-489,250.00
Liquidations														-32,834.84
Current														824,266,919.93





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 25
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2005-NC1

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.91108%
Weighted Average Coupon Prior														6.88859%
Weighted Average Coupon Current														6.88476%
Weighted Average Months to Maturity Original														353
Weighted Average Months to Maturity Prior														348
Weighted Average Months to Maturity Current														346
Weighted Avg Remaining Amortization Term Original														353
Weighted Avg Remaining Amortization Term Prior														348
Weighted Avg Remaining Amortization Term Current														346
Weighted Average Seasoning Original														3.00
Weighted Average Seasoning Prior														8.99
Weighted Average Seasoning Current														9.99









Page 8 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.54959%
Weighted Average Margin Prior														5.54648%
Weighted Average Margin Current														5.54743%
Weighted Average Max Rate Original														13.82909%
Weighted Average Max Rate Prior														13.79948%
Weighted Average Max Rate Current														13.79451%
Weighted Average Min Rate Original														5.57827%
Weighted Average Min Rate Prior														5.57092%
Weighted Average Min Rate Current														5.57299%
Weighted Average Cap Up Original														1.50466%
Weighted Average Cap Up Prior														1.50421%
Weighted Average Cap Up Current														1.50377%
Weighted Average Cap Down Original														1.50466%
Weighted Average Cap Down Prior														1.50421%
Weighted Average Cap Down Current														1.50377%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														219,923.52
Delinquent Servicing Fees														135,807.64
TOTAL SERVICING FEES														355,731.17


Total Servicing Fees														355,731.17
Compensating Interest														-81,921.02
Delinquent Servicing Fees														-135,807.64
COLLECTED SERVICING FEES														138,002.50


Total Advanced Interest														1,777,786.39
Total Advanced Principal														167,224.19
Aggregate Advances with respect to this Distribution														1,945,010.58





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														81,921.02
Compensating Interest														-81,921.02
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														824,266,919.93
Weighted Average Net Mortgage Rate														6.371046%




Page 9 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,209,019.42		5,139,263.54		1,904,412.06		18,252,695.02
			% Balance				1.36%		0.62%		0.23%		2.21%
			# Loans				57		26		13		96
			% # Loans				1.42%		0.65%		0.32%		2.39%
	FORECLOSURE		Balance		0.00		0.00		0.00		6,976,196.73		6,976,196.73
			% Balance		0.00%		0.00%		0.00%		0.85%		0.85%
			# Loans		0		0		0		35		35
			% # Loans		0.00%		0.00%		0.00%		0.87%		0.87%
	BANKRUPTCY		Balance		4,581,072.10		143,023.38		418,845.62		1,362,338.39		6,505,279.49
			% Balance		0.56%		0.02%		0.05%		0.17%		0.79%
			# Loans		29		1		3		6		39
			% # Loans		0.72%		0.02%		0.07%		0.15%		0.97%
	REO		Balance		0.00		0.00		0.00		1,012,910.11		1,012,910.11
			% Balance		0.00%		0.00%		0.00%		0.12%		0.12%
			# Loans		0		0		0		6		6
			% # Loans		0.00%		0.00%		0.00%		0.15%		0.15%
	TOTAL		Balance		4,581,072.10		11,352,042.80		5,558,109.16		11,255,857.29		32,747,081.35
			% Balance		0.56%		1.38%		0.67%		1.37%		3.97%
			# Loans		29		58		29		60		176
			% # Loans		0.72%		1.45%		0.72%		1.50%		4.39%









Page 10 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 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
1886394 1
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		75,999.23		01-Mar-2005		7.750%		MO - 90.00%		360		01-Feb-2005
1927122 1			87,200.00		87,130.53		01-Feb-2005		7.850%		TX - 80.00%		360		01-Dec-2004
1931030 1			119,700.00		118,566.98		01-Feb-2005		6.900%		NC - 95.00%		360		01-Dec-2004
1000224901 1			104,000.00		103,213.82		01-Feb-2005		7.550%		TN - 80.00%		360		01-Jan-2005
1000503360 1			500,000.00		499,999.92		01-Feb-2005		7.100%		TX - 80.00%		360		01-Feb-2005


TOTAL			1,015,400.00		1,012,910.11


Page 11 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 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
1836197 1
1836197 1			224,000.00		222,747.19		01-Mar-2005		9.050%		NY - 80.00%		360		01-Jan-2005

1886368 1			192,000.00		189,943.01		01-Dec-2004		6.250%		NJ - 80.00%		360		01-Dec-2004
1887585 1			127,000.00		127,000.00		01-Feb-2005		7.850%		TN - 94.99%		360		01-Nov-2004
1899981 1			199,920.00		199,920.00		01-Mar-2005		6.590%		CA - 80.00%		360		01-Dec-2004
1901499 1			372,000.00		372,000.00		01-Apr-2005		6.850%		CA - 80.00%		360		01-Dec-2004
1915489 1			464,000.00		460,718.61		01-Jan-2005		7.887%		NY - 80.00%		360		01-Jan-2005
1930614 1			499,000.00		493,654.04		01-Apr-2005		6.250%		NY - 76.77%		360		01-Dec-2004
1933682 1			140,000.00		139,079.07		01-Feb-2005		8.250%		GA - 80.00%		360		01-Jan-2005
1934876 1			225,000.00		222,870.37		01-Mar-2005		6.900%		WA - 87.21%		360		01-Dec-2004
1948058 1			85,850.00		85,250.34		01-Jan-2005		7.950%		IN - 85.00%		360		01-Jan-2005
1953254 1			96,000.00		95,067.46		01-Feb-2005		6.250%		TX - 80.00%		360		01-Jan-2005
1959719 1			95,920.00		95,275.64		01-Apr-2005		6.990%		ID - 80.00%		360		01-Feb-2005
1960512 1			356,000.00		352,764.42		01-Apr-2005		6.600%		CA - 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
1968490 1			95,040.00		94,531.85		01-Mar-2005		7.450%		KS - 90.00%		360		01-Feb-2005
1970085 1			139,000.00		137,841.45		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
1978643 1			245,000.00		243,533.54		01-May-2005		8.850%		CA - 70.00%		360		01-Jan-2005
1000109055 1			428,000.00		423,626.65		01-May-2005		6.500%		CA - 80.00%		360		01-Dec-2004
1000110622 1			306,400.00		303,895.41		01-Mar-2005		7.150%		CA - 80.00%		360		01-Jan-2005
1000137024 1			96,050.00		95,248.09		01-Apr-2005		7.050%		MI - 85.00%		360		01-Jan-2005
1000142973 1			192,000.00		190,271.54		01-Apr-2005		6.650%		NJ - 80.00%		360		01-Jan-2005
1000162638 1			135,000.00		134,018.98		01-Apr-2005		7.750%		IL - 90.00%		360		01-Jan-2005
1000180191 1			300,000.00		300,000.00		01-Mar-2005		6.600%		CA - 80.00%		360		01-Jan-2005
1000222832 1			136,000.00		135,141.50		01-Jan-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
1000226883 1			152,750.00		151,628.98		01-Mar-2005		7.700%		IL - 65.00%		360		01-Jan-2005
1000247904 1			104,800.00		104,799.90		01-Feb-2005		5.800%		AR - 80.00%		360		01-Jan-2005
1000297627 1			125,100.00		124,234.72		01-May-2005		7.450%		MO - 90.00%		360		01-Feb-2005
1000310372 1			82,500.00		82,077.72		01-Mar-2005		8.950%		OH - 71.12%		360		01-Feb-2005
1000322154 1			85,500.00		85,143.96		01-Mar-2005		8.700%		SC - 90.00%		360		01-Feb-2005
1000426845 1			92,000.00		91,465.32		01-May-2005		8.325%		TX - 77.97%		360		01-Feb-2005
1000427194 1			300,000.00		300,000.00		01-Mar-2005		6.250%		CA - 80.00%		360		01-Feb-2005
1000476283 1			76,500.00		76,116.31		01-May-2005		9.050%		NM - 90.00%		360		01-Feb-2005
1000513812 1			51,000.00		50,743.36		01-Feb-2005		9.050%		OH - 85.00%		360		01-Feb-2005


TOTAL			7,015,330.00		6,976,196.73


Page 12 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														120
Number of Repurchased Loans														1
Total Number of Loans Prepaid in Full														121
Curtailments Amount														26,484.21
Paid in Full Balance														29,812,795.41
Repurchased Loans Balance														489,250.00
Total Prepayment Amount														30,328,529.62

Cumulative


Number of Paid in Full Loans														795
Number of Repurchased Loans														10
Total Number of Loans Prepaid in Full														805
Paid in Full Balance														198,235,899.37
Repurchased Loans Balance														3,218,893.12
Curtailments Amount														607,968.20
Total Prepayment Amount														202,062,760.69










Page 13 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														3.55%
3 Months Avg SMM														4.11%
12 Months Avg SMM														2.70%
Avg SMM Since Cut-off														2.70%


CPR														35.21%
3 Months Avg CPR														39.54%
12 Months Avg CPR														28.00%
Avg CPR Since Cut-off														28.00%


PSA														1,762.43%
3 Months Avg PSA Approximation														2,199.33%
12 Months Avg PSA Approximation														2,156.29%
Avg PSA Since Cut-off Approximation														2,156.29%










Page 14 of 25
Carrington Mortgage Loan Trust 2005-NC1

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Mortgage Pass-Through Certificates
2005-NC1

October 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
Mortgage Pass-Through Certificates
2005-NC1

October 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

1669882 1			55,690.00		55,212.58			08-Sep-2005		9.850%		CA - 20.00%		Paid Off - 360		01-Aug-2004
			55,690.00

1784238 1			92,000.00		91,514.58			08-Sep-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Oct-2004
1784238 1					91,514.58			08-Sep-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Oct-2004
1819003 1			351,405.00		351,405.00			19-Sep-2005		8.600%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1819003 1					351,405.00			19-Sep-2005		8.600%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1889785 1			421,200.00		421,200.00			14-Sep-2005		7.050%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1889785 1					421,200.00			14-Sep-2005		7.050%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1897908 1			454,000.00		454,000.00			16-Sep-2005		6.250%		CA - 87.31%		Paid Off - 360		01-Dec-2004
1897908 1					454,000.00			16-Sep-2005		6.250%		CA - 87.31%		Paid Off - 360		01-Dec-2004
1905986 1			105,700.00		105,126.49			12-Sep-2005		9.200%		GA - 70.00%		Paid Off - 360		01-Dec-2004
1905986 1					105,126.49			12-Sep-2005		9.200%		GA - 70.00%		Paid Off - 360		01-Dec-2004
1911048 1			333,000.00		329,981.64			13-Sep-2005		6.050%		WI - 83.25%		Paid Off - 360		01-Jan-2005
1911048 1					329,981.64			13-Sep-2005		6.050%		WI - 83.25%		Paid Off - 360		01-Jan-2005
1912999 1			352,000.00		348,457.28			14-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1912999 1					348,457.28			14-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1913931 1			378,000.00		374,362.70			06-Sep-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1913931 1					374,362.70			06-Sep-2005		6.300%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1914509 1			324,000.00		321,169.35			21-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1914509 1					321,169.35			21-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1915593 1			445,200.00		445,200.00			06-Sep-2005		6.050%		DC - 72.39%		Paid Off - 360		01-Jan-2005
1915593 1					445,200.00			06-Sep-2005		6.050%		DC - 72.39%		Paid Off - 360		01-Jan-2005
1916019 1			225,000.00		223,238.35			19-Sep-2005		7.700%		NJ - 75.00%		Paid Off - 360		01-Feb-2005
1916019 1					223,238.35			19-Sep-2005		7.700%		NJ - 75.00%		Paid Off - 360		01-Feb-2005
1917455 1			425,000.00		424,875.48			23-Sep-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Dec-2004
1917455 1					424,875.48			23-Sep-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Dec-2004
1920573 1			336,000.00		336,000.00			27-Sep-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1920573 1					336,000.00			27-Sep-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1922019 1			209,000.00		209,000.00			08-Sep-2005		7.750%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
1922019 1					209,000.00			08-Sep-2005		7.750%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
1922858 1			380,000.00		379,953.80			09-Sep-2005		6.300%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1922858 1					379,953.80			09-Sep-2005		6.300%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1923240 1			182,400.00		181,313.12			02-Sep-2005		8.200%		ME - 80.00%		Paid Off - 360		01-Jan-2005
1923240 1					181,313.12			02-Sep-2005		8.200%		ME - 80.00%		Paid Off - 360		01-Jan-2005
1923369 1			210,000.00		208,225.65			06-Sep-2005		6.990%		CA - 82.35%		Paid Off - 360		01-Dec-2004
1923369 1					208,225.65			06-Sep-2005		6.990%		CA - 82.35%		Paid Off - 360		01-Dec-2004
1924501 1			225,600.00		223,764.86			19-Sep-2005		7.175%		MD - 80.00%		Paid Off - 360		01-Dec-2004
1924501 1					223,764.86			19-Sep-2005		7.175%		MD - 80.00%		Paid Off - 360		01-Dec-2004
1926980 1			244,000.00		241,769.58			22-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1926980 1					241,769.58			22-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1927092 1			497,250.00		497,250.00			02-Sep-2005		6.500%		CA - 87.39%		Paid Off - 360		01-Dec-2004
1927092 1					497,250.00			02-Sep-2005		6.500%		CA - 87.39%		Paid Off - 360		01-Dec-2004
1928767 1			253,000.00		252,525.27			02-Sep-2005		6.750%		NJ - 82.95%		Paid Off - 360		01-Jan-2005
1928767 1					252,525.27			02-Sep-2005		6.750%		NJ - 82.95%		Paid Off - 360		01-Jan-2005
1930086 1			260,000.00		260,000.00			02-Sep-2005		6.100%		WA - 80.00%		Paid Off - 360		01-Jan-2005
1930086 1					260,000.00			02-Sep-2005		6.100%		WA - 80.00%		Paid Off - 360		01-Jan-2005
1932265 1			210,000.00		209,936.32			29-Sep-2005		6.950%		CA - 60.00%		Paid Off - 360		01-Dec-2004
1932265 1					209,936.32			29-Sep-2005		6.950%		CA - 60.00%		Paid Off - 360		01-Dec-2004
1934245 1			207,000.00		205,059.75			29-Sep-2005		6.550%		NJ - 73.93%		Paid Off - 360		04-Dec-2004
1934245 1					205,059.75			29-Sep-2005		6.550%		NJ - 73.93%		Paid Off - 360		04-Dec-2004
1934951 1			267,750.00		265,513.02			01-Sep-2005		6.475%		NJ - 85.00%		Paid Off - 360		01-Jan-2005
1934951 1					265,513.02			01-Sep-2005		6.475%		NJ - 85.00%		Paid Off - 360		01-Jan-2005
1935361 1			360,000.00		356,740.08			02-Sep-2005		6.050%		CA - 83.72%		Paid Off - 360		01-Jan-2005
1935361 1					356,740.08			02-Sep-2005		6.050%		CA - 83.72%		Paid Off - 360		01-Jan-2005
1940737 1			280,000.00		280,000.00			19-Sep-2005		7.300%		CA - 63.64%		Paid Off - 360		01-Jan-2005
					280,000.00			19-Sep-2005		7.300%		CA - 63.64%		Paid Off - 360		01-Jan-2005
1941512 1			371,700.00		371,700.00			29-Sep-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1941512 1					371,700.00			29-Sep-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1943703 1			252,000.00		252,000.00			26-Sep-2005		6.650%		CA - 81.29%		Paid Off - 360		01-Jan-2005
1943703 1					252,000.00			26-Sep-2005		6.650%		CA - 81.29%		Paid Off - 360		01-Jan-2005
1944019 1			487,500.00		487,500.00			01-Sep-2005		6.275%		CA - 75.00%		Paid Off - 360		01-Dec-2004
1944019 1					487,500.00			01-Sep-2005		6.275%		CA - 75.00%		Paid Off - 360		01-Dec-2004
1951717 1			249,600.00		247,318.43			12-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1951717 1					247,318.43			12-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1952209 1			196,000.00		194,719.70			30-Sep-2005		7.125%		NJ - 80.00%		Paid Off - 360		01-Feb-2005
1952209 1					194,719.70			30-Sep-2005		7.125%		NJ - 80.00%		Paid Off - 360		01-Feb-2005
1952234 1			49,000.00		48,507.56			30-Sep-2005		10.600%		NJ - 20.00%		Paid Off - 240		01-Feb-2005
1952234 1					48,507.56			30-Sep-2005		10.600%		NJ - 20.00%		Paid Off - 240		01-Feb-2005
1952547 1			503,456.00		503,456.00			26-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1952547 1					503,456.00			26-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1952731 1			457,300.00		457,300.00			06-Sep-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1952731 1					457,300.00			06-Sep-2005		7.150%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1953367 1			341,100.00		341,100.00			21-Sep-2005		6.625%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1953367 1					341,100.00					6.625%		CA - 90.00%		Paid Off - 360


Page 16 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 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

1953886 1			206,000.00		204,576.42			06-Sep-2005		8.050%		MD - 47.36%		Paid Off - 360		01-Jan-2005
			206,000.00

1954526 1			170,700.00		169,267.01			19-Sep-2005		6.450%		CA - 84.50%		Paid Off - 360		01-Jan-2005
1954526 1					169,267.01			19-Sep-2005		6.450%		CA - 84.50%		Paid Off - 360		01-Jan-2005
1955674 1			153,000.00		152,079.09			08-Sep-2005		8.150%		MD - 90.00%		Paid Off - 360		01-Jan-2005
1955674 1					152,079.09			08-Sep-2005		8.150%		MD - 90.00%		Paid Off - 360		01-Jan-2005
1957021 1			315,000.00		311,963.16			15-Sep-2005		6.000%		CA - 70.00%		Paid Off - 360		01-Jan-2005
1957021 1					311,963.16			15-Sep-2005		6.000%		CA - 70.00%		Paid Off - 360		01-Jan-2005
1957465 1			213,750.00		212,397.52			14-Sep-2005		7.900%		HI - 95.00%		Paid Off - 360		01-Jan-2005
1957465 1					212,397.52			14-Sep-2005		7.900%		HI - 95.00%		Paid Off - 360		01-Jan-2005
1958546 1			418,500.00		415,444.67			12-Sep-2005		6.550%		NY - 90.00%		Paid Off - 360		01-Feb-2005
1958546 1					415,444.67			12-Sep-2005		6.550%		NY - 90.00%		Paid Off - 360		01-Feb-2005
1959358 1			35,198.00		34,738.60			30-Sep-2005		9.500%		AZ - 20.00%		Paid Off - 240		01-Jan-2005
1959358 1					34,738.60			30-Sep-2005		9.500%		AZ - 20.00%		Paid Off - 240		01-Jan-2005
1959940 1			174,400.00		174,383.91			29-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1959940 1					174,383.91			29-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1960315 1			130,000.00		128,809.38			16-Sep-2005		5.990%		MI - 76.47%		Paid Off - 360		01-Jan-2005
1960315 1					128,809.38			16-Sep-2005		5.990%		MI - 76.47%		Paid Off - 360		01-Jan-2005
1961510 1			304,408.00		304,408.00			22-Sep-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1961510 1					304,408.00			22-Sep-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1961788 1			226,000.00		226,000.00			22-Sep-2005		5.800%		CA - 49.13%		Paid Off - 360		01-Jan-2005
1961788 1					226,000.00			22-Sep-2005		5.800%		CA - 49.13%		Paid Off - 360		01-Jan-2005
1962001 1			65,500.00		65,282.97			09-Sep-2005		10.450%		CA - 20.00%		Paid Off - 360		01-Feb-2005
1962001 1					65,282.97			09-Sep-2005		10.450%		CA - 20.00%		Paid Off - 360		01-Feb-2005
1962357 1			374,900.00		371,568.04			01-Sep-2005		6.150%		CA - 81.50%		Paid Off - 360		01-Jan-2005
1962357 1					371,568.04			01-Sep-2005		6.150%		CA - 81.50%		Paid Off - 360		01-Jan-2005
1962380 1			402,800.00		399,698.60			22-Sep-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1962380 1					399,698.60			22-Sep-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1962556 1			169,100.00		168,189.16			09-Sep-2005		8.700%		GA - 95.00%		Paid Off - 360		01-Jan-2005
1962556 1					168,189.16			09-Sep-2005		8.700%		GA - 95.00%		Paid Off - 360		01-Jan-2005
1964517 1			266,400.00		266,400.00			08-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1964517 1					266,400.00			08-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1966384 1			495,000.00		491,254.60			02-Sep-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1966384 1					491,254.60			02-Sep-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1966609 1			443,700.00		439,954.59			09-Sep-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1966609 1					439,954.59			09-Sep-2005		6.450%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1966736 1			324,000.00		321,845.68			13-Sep-2005		7.650%		WA - 90.00%		Paid Off - 360		01-Jan-2005
1966736 1					321,845.68			13-Sep-2005		7.650%		WA - 90.00%		Paid Off - 360		01-Jan-2005
1967854 1			110,000.00		109,102.67			16-Sep-2005		6.600%		MA - 84.62%		Paid Off - 360		01-Jan-2005
1967854 1					109,102.67			16-Sep-2005		6.600%		MA - 84.62%		Paid Off - 360		01-Jan-2005
1968543 1			100,000.00		99,565.01			08-Sep-2005		9.150%		MI - 86.96%		Paid Off - 360		01-Feb-2005
1968543 1					99,565.01			08-Sep-2005		9.150%		MI - 86.96%		Paid Off - 360		01-Feb-2005
1969430 1			140,000.00		139,997.88			16-Sep-2005		5.700%		WA - 71.79%		Paid Off - 360		01-Jan-2005
1969430 1					139,997.88			16-Sep-2005		5.700%		WA - 71.79%		Paid Off - 360		01-Jan-2005
1972076 1			131,250.00		130,117.63			02-Sep-2005		6.550%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1972076 1					130,117.63			02-Sep-2005		6.550%		CA - 75.00%		Paid Off - 360		01-Jan-2005
1974216 1			312,000.00		311,940.14			02-Sep-2005		5.375%		WA - 80.00%		Paid Off - 360		01-Jan-2005
1974216 1					311,940.14			02-Sep-2005		5.375%		WA - 80.00%		Paid Off - 360		01-Jan-2005
1974899 1			165,600.00		165,600.00			06-Sep-2005		7.750%		NV - 80.00%		Paid Off - 360		01-Jan-2005
1974899 1					165,600.00			06-Sep-2005		7.750%		NV - 80.00%		Paid Off - 360		01-Jan-2005
1977079 1			190,400.00		189,840.61			07-Sep-2005		5.950%		NV - 80.00%		Paid Off - 360		01-Jan-2005
1977079 1					189,840.61			07-Sep-2005		5.950%		NV - 80.00%		Paid Off - 360		01-Jan-2005
1977086 1			382,500.00		382,500.00			22-Sep-2005		6.150%		CA - 78.06%		Paid Off - 360		01-Jan-2005
1977086 1					382,500.00			22-Sep-2005		6.150%		CA - 78.06%		Paid Off - 360		01-Jan-2005
1977934 1			240,000.00		240,000.00			06-Sep-2005		6.375%		CA - 68.57%		Paid Off - 360		01-Jan-2005
1977934 1					240,000.00			06-Sep-2005		6.375%		CA - 68.57%		Paid Off - 360		01-Jan-2005
1991233 1			246,500.00		246,500.00			15-Sep-2005		6.100%		IL - 85.00%		Paid Off - 360		01-Feb-2005
1991233 1					246,500.00			15-Sep-2005		6.100%		IL - 85.00%		Paid Off - 360		01-Feb-2005
1992086 1			90,000.00		90,000.08			29-Sep-2005		7.525%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1992086 1					90,000.08			29-Sep-2005		7.525%		FL - 90.00%		Paid Off - 360		01-Feb-2005
2009125 1			84,150.00		83,597.17			12-Sep-2005		7.100%		NJ - 85.00%		Paid Off - 360		01-Feb-2005
2009125 1					83,597.17			12-Sep-2005		7.100%		NJ - 85.00%		Paid Off - 360		01-Feb-2005
2009255 1			182,500.00		180,890.26			14-Sep-2005		7.250%		MD - 58.87%		Paid Off - 360		01-Feb-2005
2009255 1					180,890.26			14-Sep-2005		7.250%		MD - 58.87%		Paid Off - 360		01-Feb-2005
1000047185 1			300,000.00		299,999.50			06-Sep-2005		6.050%		CA - 78.95%		Paid Off - 360		01-Nov-2004
1000047185 1					299,999.50			06-Sep-2005		6.050%		CA - 78.95%		Paid Off - 360		01-Nov-2004
1000056780 1			396,000.00		395,995.35			02-Sep-2005		7.550%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000056780 1					395,995.35			02-Sep-2005		7.550%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000058083 1			136,000.00		134,869.15			22-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000058083 1					134,869.15			22-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000058421 1			223,250.00		223,249.90			30-Sep-2005		8.200%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1000058421 1					223,249.90			30-Sep-2005		8.200%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1000080218 1			364,000.00		364,000.00			29-Sep-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000080218 1					364,000.00			29-Sep-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000088470 1			261,000.00		260,998.60			15-Sep-2005		7.500%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000088470 1					260,998.60					7.500%		CA - 90.00%		Paid Off - 360


Page 17 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 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

1000098968 1			412,250.00		412,249.91			26-Sep-2005		5.950%		CA - 85.00%		Paid Off - 360		01-Jan-2005
			412,250.00

1000100777 1			325,000.00		322,297.67			26-Sep-2005		6.500%		CA - 35.83%		Paid Off - 360		01-Jan-2005
1000100777 1					322,297.67			26-Sep-2005		6.500%		CA - 35.83%		Paid Off - 360		01-Jan-2005
1000104853 1			153,500.00		152,259.79			29-Sep-2005		6.650%		CA - 67.92%		Paid Off - 360		01-Jan-2005
1000104853 1					152,259.79			29-Sep-2005		6.650%		CA - 67.92%		Paid Off - 360		01-Jan-2005
1000119151 1			59,800.00		59,368.32			27-Sep-2005		10.450%		NJ - 20.00%		Paid Off - 360		01-Feb-2005
1000119151 1					59,368.32			27-Sep-2005		10.450%		NJ - 20.00%		Paid Off - 360		01-Feb-2005
1000123501 1			389,500.00		385,327.11			07-Sep-2005		6.500%		NY - 95.00%		Paid Off - 360		01-Jan-2005
1000123501 1					385,327.11			07-Sep-2005		6.500%		NY - 95.00%		Paid Off - 360		01-Jan-2005
1000126410 1			306,000.00		303,798.97			01-Sep-2005		7.250%		NY - 90.00%		Paid Off - 360		01-Jan-2005
1000126410 1					303,798.97			01-Sep-2005		7.250%		NY - 90.00%		Paid Off - 360		01-Jan-2005
1000139479 1			296,800.00		294,332.20			21-Sep-2005		6.500%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1000139479 1					294,332.20			21-Sep-2005		6.500%		NY - 80.00%		Paid Off - 360		01-Jan-2005
1000146826 1			204,000.00		202,398.67			22-Sep-2005		6.800%		NJ - 85.00%		Paid Off - 360		01-Jan-2005
1000146826 1					202,398.67			22-Sep-2005		6.800%		NJ - 85.00%		Paid Off - 360		01-Jan-2005
1000148469 1			117,000.00		116,150.10			20-Sep-2005		7.200%		IL - 90.00%		Paid Off - 360		01-Jan-2005
1000148469 1					116,150.10			20-Sep-2005		7.200%		IL - 90.00%		Paid Off - 360		01-Jan-2005
1000162852 1			127,200.00		126,263.73			23-Sep-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Feb-2005
1000162852 1					126,263.73			23-Sep-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Feb-2005
1000163049 1			31,800.00		31,492.17			23-Sep-2005		11.350%		FL - 20.00%		Paid Off - 240		01-Feb-2005
1000163049 1					31,492.17			23-Sep-2005		11.350%		FL - 20.00%		Paid Off - 240		01-Feb-2005
1000170692 1			249,000.00		248,999.91			23-Sep-2005		6.675%		CA - 79.81%		Paid Off - 360		01-Jan-2005
1000170692 1					248,999.91			23-Sep-2005		6.675%		CA - 79.81%		Paid Off - 360		01-Jan-2005
1000175606 1			240,350.00		239,055.40			26-Sep-2005		8.700%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
1000175606 1					239,055.40			26-Sep-2005		8.700%		NJ - 95.00%		Paid Off - 360		01-Jan-2005
1000183492 1			182,750.00		181,461.20			19-Sep-2005		7.600%		FL - 85.00%		Paid Off - 360		01-Jan-2005
1000183492 1					181,461.20			19-Sep-2005		7.600%		FL - 85.00%		Paid Off - 360		01-Jan-2005
1000188736 1			310,500.00		307,740.87			02-Sep-2005		6.150%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000188736 1					307,740.87			02-Sep-2005		6.150%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1000189511 1			144,000.00		142,918.12			22-Sep-2005		6.400%		MA - 79.12%		Paid Off - 360		01-Feb-2005
1000189511 1					142,918.12			22-Sep-2005		6.400%		MA - 79.12%		Paid Off - 360		01-Feb-2005
1000219105 1			183,600.00		182,248.40			29-Sep-2005		7.150%		RI - 85.00%		Paid Off - 360		01-Jan-2005
1000219105 1					182,248.40			29-Sep-2005		7.150%		RI - 85.00%		Paid Off - 360		01-Jan-2005
1000220095 1			452,000.00		451,999.56			30-Sep-2005		6.000%		CA - 84.49%		Paid Off - 360		01-Jan-2005
1000220095 1					451,999.56			30-Sep-2005		6.000%		CA - 84.49%		Paid Off - 360		01-Jan-2005
1000221833 1			404,000.00		400,640.84			12-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000221833 1					400,640.84			12-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000223234 1			356,250.00		353,287.84			22-Sep-2005		6.500%		NY - 75.00%		Paid Off - 360		01-Jan-2005
1000223234 1					353,287.84			22-Sep-2005		6.500%		NY - 75.00%		Paid Off - 360		01-Jan-2005
1000227999 1			185,250.00		183,588.19			19-Sep-2005		6.100%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1000227999 1					183,588.19			19-Sep-2005		6.100%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1000228140 1			92,000.00		91,353.63			02-Sep-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Feb-2005
1000228140 1					91,353.63			02-Sep-2005		6.750%		FL - 80.00%		Paid Off - 360		01-Feb-2005
1000228382 1			248,000.00		245,937.96			06-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000228382 1					245,937.96			06-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000244293 1			324,000.00		321,178.16			08-Sep-2005		6.375%		MA - 80.00%		Paid Off - 360		01-Jan-2005
1000244293 1					321,178.16			08-Sep-2005		6.375%		MA - 80.00%		Paid Off - 360		01-Jan-2005
1000244578 1			290,000.00		287,805.74			07-Sep-2005		6.990%		CA - 74.36%		Paid Off - 360		01-Jan-2005
1000244578 1					287,805.74			07-Sep-2005		6.990%		CA - 74.36%		Paid Off - 360		01-Jan-2005
1000251916 1			107,100.00		107,099.38			30-Sep-2005		5.990%		AZ - 90.00%		Paid Off - 360		01-Jan-2005
1000251916 1					107,099.38			30-Sep-2005		5.990%		AZ - 90.00%		Paid Off - 360		01-Jan-2005
1000265616 1			214,000.00		212,847.36			30-Sep-2005		8.100%		DC - 53.37%		Paid Off - 360		01-Feb-2005
1000265616 1					212,847.36			30-Sep-2005		8.100%		DC - 53.37%		Paid Off - 360		01-Feb-2005
1000267259 1			271,800.00		269,980.86			16-Sep-2005		7.000%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1000267259 1					269,980.86			16-Sep-2005		7.000%		FL - 90.00%		Paid Off - 360		01-Feb-2005
1000279004 1			137,000.00		135,940.85			26-Sep-2005		6.250%		WI - 78.74%		Paid Off - 360		01-Feb-2005
1000279004 1					135,940.85			26-Sep-2005		6.250%		WI - 78.74%		Paid Off - 360		01-Feb-2005
1000298127 1			133,300.00		132,354.47			09-Sep-2005		6.700%		IL - 73.24%		Paid Off - 360		01-Feb-2005
1000298127 1					132,354.47			09-Sep-2005		6.700%		IL - 73.24%		Paid Off - 360		01-Feb-2005
1000302096 1			46,000.00		45,434.27			02-Sep-2005		9.000%		CA - 20.00%		Paid Off - 240		01-Feb-2005
1000302096 1					45,434.27			02-Sep-2005		9.000%		CA - 20.00%		Paid Off - 240		01-Feb-2005
1000302942 1			345,000.00		345,000.00			09-Sep-2005		6.150%		CA - 79.13%		Paid Off - 360		01-Feb-2005
1000302942 1					345,000.00			09-Sep-2005		6.150%		CA - 79.13%		Paid Off - 360		01-Feb-2005
1000305823 1			181,600.00		180,246.28			15-Sep-2005		6.850%		MN - 80.00%		Paid Off - 360		01-Feb-2005
1000305823 1					180,246.28			15-Sep-2005		6.850%		MN - 80.00%		Paid Off - 360		01-Feb-2005
1000310540 1			216,000.00		214,265.72			30-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000310540 1					214,265.72			30-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000315812 1			320,000.00		319,999.92			06-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000315812 1					319,999.92			06-Sep-2005		6.050%		CA - 80.00%		Paid Off - 360		01-Feb-2005
1000429646 1			137,000.00		135,857.90			30-Sep-2005		5.850%		OH - 78.29%		Paid Off - 360		01-Feb-2005
1000429646 1					135,857.90			30-Sep-2005		5.850%		OH - 78.29%		Paid Off - 360		01-Feb-2005
1000511084 1			71,100.00		70,781.00			15-Sep-2005		9.000%		MI - 90.00%		Paid Off - 360		01-Feb-2005
1000511084 1					70,781.00			15-Sep-2005		9.000%		MI - 90.00%		Paid Off - 360		01-Feb-2005
1000511413 1			209,000.00		207,874.31			16-Sep-2005		8.100%		MD - 95.00%		Paid Off - 360		01-Feb-2005
1000511413 1					207,874.31					8.100%		MD - 95.00%		Paid Off - 360


Page 18 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 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

1000515776 1			221,000.00		219,783.22			23-Sep-2005		7.990%		CA - 85.00%		Paid Off - 360		01-Feb-2005
			221,000.00

1000517202 1			224,250.00		222,597.07			28-Sep-2005		6.500%		CA - 62.29%		Paid Off - 360		01-Feb-2005
1000517202 1					222,597.07			28-Sep-2005		6.500%		CA - 62.29%		Paid Off - 360		01-Feb-2005
1000519969 1			214,400.00		212,554.14			29-Sep-2005		7.400%		NC - 80.00%		Paid Off - 360		01-Feb-2005
1000519969 1					212,554.14			29-Sep-2005		7.400%		NC - 80.00%		Paid Off - 360		01-Feb-2005
1000524953 1			265,000.00		263,335.43			30-Sep-2005		7.325%		NJ - 50.48%		Paid Off - 360		01-Feb-2005
1000524953 1					263,335.43			30-Sep-2005		7.325%		NJ - 50.48%		Paid Off - 360		01-Feb-2005
1000527843 1			243,000.00		241,539.79			20-Sep-2005		7.550%		CO - 90.00%		Paid Off - 360		01-Feb-2005
1000527843 1					241,539.79			20-Sep-2005		7.550%		CO - 90.00%		Paid Off - 360		01-Feb-2005
1000537262 1			170,000.00		168,722.72			23-Sep-2005		6.400%		MD - 77.27%		Paid Off - 360		01-Feb-2005
1000537262 1					168,722.72			23-Sep-2005		6.400%		MD - 77.27%		Paid Off - 360		01-Feb-2005
1000537618 1			200,000.00		199,004.32			15-Sep-2005		8.490%		CA - 78.43%		Paid Off - 360		01-Feb-2005
1000537618 1					199,004.32			15-Sep-2005		8.490%		CA - 78.43%		Paid Off - 360		01-Feb-2005
1949626 1			489,250.00		489,250.00			30-Sep-2005		6.700%		CA - 95.00%		Repur/Subs - 360		01-Jan-2005
1949626 1					489,250.00			30-Sep-2005		6.700%		CA - 95.00%		Repur/Subs - 360		01-Jan-2005


TOTAL			30,435,707.00		30,302,045.41
TOTAL


Page 19 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														1
Collateral Principal Realized Loss/(Gain) Amount														28,112.67
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds

Cumulative
Cumulative



Number of Loans Liquidated														1
Collateral Realized Loss/(Gain) Amount														28,112.67
Net Liquidation Proceeds														4,722.17










Page 20 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 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														0.05%
3 Months Avg CDR														0.02%
12 Months Avg CDR														0.01%
Avg CDR Since Cut-off														0.01%


SDA														0.23%
3 Months Avg SDA Approximation														0.09%
12 Months Avg SDA Approximation														0.04%
Avg SDA Since Cut-off Approximation														0.04%


Loss Severity Approximation for Current Period														85.62%
3 Months Avg Loss Severity Approximation														28.54%
12 Months Avg Loss Severity Approximation														10.70%
Avg Loss Severity Approximation Since Cut-off														10.70%












Page 21 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 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
Mortgage Pass-Through Certificates
2005-NC1

October 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)
1979820 1
1979820 1			10.850%		UT - 20.00%		240		32,834.84				28,112.67		0.00



TOTAL									32,834.84			28,112.67		0.00



Page 23 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														3.830000%
Next LIBOR Rate														0.000000%




Page 24 of 25
Carrington Mortgage Loan Trust 2005-NC1

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

October 25, 2005 Distribution
Additional Certificate Report

ADDITIONAL CERTIFICATE REPORT

													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS

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






Page 25 of 25

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