
                                     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 June 1, 2005,
                providing for the issuance of Carrington Mortgage Loan Trust
      Series 2005-NC3 Asset Backed Pass-Through Certificates, Series 2005-NC3)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-124036-02                         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-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				New Century Credit Corp.						1. Certificate Payment Report					2
				New Century Credit Corp.						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					21
										11. Realized Loss Detail Report					24
				Servicer(s)						11. Realized Loss Detail Report					24
				Servicer(s)						12. Triggers and Adj. Cert. Report					25
				New Century Mortgage Corporation						12. Triggers and Adj. Cert. Report					25
				New Century Mortgage Corporation						13. Additional Certificate Report					26
										13. Additional Certificate Report					26


				Underwriter(s)
				Citigroup


										Total Number of Pages					26
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			June 01, 2005			Brent Hoyler
				Close Date:			June 29, 2005			Administrator
				First Distribution Date:			July 25, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			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 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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	SR	$	523,850,000.00		470,672,380.46		1,482,487.26		32,133,946.34		33,616,433.60		0.00		0.00		438,538,434.12
A-1A	SR	$	523,850,000.00		470,672,380.46		1,482,487.26		32,133,946.34		33,616,433.60		0.00		0.00		438,538,434.12
A-1B	SR	$	270,570,000.00		270,570,000.00		869,657.08		0.00		869,657.08		0.00		0.00		270,570,000.00
A-1C	SR	$	324,680,000.00		324,680,000.00		1,067,114.93		0.00		1,067,114.93		0.00		0.00		324,680,000.00
A-1D	SR	$	131,494,000.00		131,494,000.00		440,651.00		0.00		440,651.00		0.00		0.00		131,494,000.00
A-2	SR	$	138,955,000.00		133,046,370.89		442,637.88		3,570,441.34		4,013,079.22		0.00		0.00		129,475,929.55
M-1	MEZ	$	52,688,000.00		52,687,999.97		181,232.08		0.00		181,232.08		0.00		0.00		52,687,999.97
M-2	MEZ	$	81,266,000.00		81,266,000.00		280,841.75		0.00		280,841.75		0.00		0.00		81,266,000.00
M-3	MEZ	$	26,791,000.00		26,791,000.00		93,016.86		0.00		93,016.86		0.00		0.00		26,791,000.00
M-4	MEZ	$	53,581,000.00		53,581,000.00		193,799.50		0.00		193,799.50		0.00		0.00		53,581,000.00
M-5	MEZ	$	29,470,000.00		29,470,000.00		107,540.94		0.00		107,540.94		0.00		0.00		29,470,000.00
M-6	MEZ	$	33,042,000.00		33,042,000.00		136,546.07		0.00		136,546.07		0.00		0.00		33,042,000.00
M-7	MEZ	$	25,898,000.00		25,898,000.00		109,109.71		0.00		109,109.71		0.00		0.00		25,898,000.00
M-8	MEZ	$	19,646,000.00		19,646,000.00		89,100.07		0.00		89,100.07		0.00		0.00		19,646,000.00
M-9	MEZ	$	21,433,000.00		21,433,000.00		110,153.71		0.00		110,153.71		0.00		0.00		21,433,000.00
CE	NOF	$	52,689,061.00		52,688,568.28		4,023,180.60		0.00		4,023,180.60		0.00		0.00		52,688,568.28
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	NOF	$	0.00		100.00		608,808.79		0.00		608,808.79		0.00		0.00		100.00

Total			1,786,053,061.00		1,726,966,419.60		10,235,878.23		35,704,387.68		45,940,265.91		0.00		0.00		1,691,262,031.92
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		144531CT5		523,850,000.00		898.486934		2.829984		61.341885		64.171869	837.145049
A-1B	09/26/05		10/24/05		A-Act/360		144531CU2		270,570,000.00		1,000.000000		3.214167		0.000000		3.214167	1,000.000000
A-1C	09/26/05		10/24/05		A-Act/360		144531CV0		324,680,000.00		1,000.000000		3.286667		0.000000		3.286667	1,000.000000
A-1D	09/26/05		10/24/05		A-Act/360		144531CW8		131,494,000.00		1,000.000000		3.351111		0.000000		3.351111	1,000.000000
A-2	09/26/05		10/24/05		A-Act/360		144531CX6		138,955,000.00		957.478111		3.185476		25.694947		28.880423	931.783164
M-1	09/26/05		10/24/05		A-Act/360		144531CY4		52,688,000.00		999.999999		3.439722		0.000000		3.439722	999.999999
M-2	09/26/05		10/24/05		A-Act/360		144531CZ1		81,266,000.00		1,000.000000		3.455833		0.000000		3.455833	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		144531DA5		26,791,000.00		1,000.000000		3.471944		0.000000		3.471944	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		144531DB3		53,581,000.00		1,000.000000		3.616944		0.000000		3.616944	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		144531DC1		29,470,000.00		1,000.000000		3.649167		0.000000		3.649167	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		144531DD9		33,042,000.00		1,000.000000		4.132500		0.000000		4.132500	1,000.000000
M-7	09/26/05		10/24/05		A-Act/360		144531DE7		25,898,000.00		1,000.000000		4.213055		0.000000		4.213055	1,000.000000
M-8	09/26/05		10/24/05		A-Act/360		144531DF4		19,646,000.00		1,000.000000		4.535278		0.000000		4.535278	1,000.000000
M-9	09/26/05		10/24/05		A-Act/360		144531DG2		21,433,000.00		1,000.000000		5.139444		0.000000		5.139444	1,000.000000
CE	09/01/05		09/30/05		A-30/360				52,689,061.00		999.990649		76.357037		0.000000		76.357037	999.990649
R	09/01/05		09/30/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
P	09/01/05		09/30/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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	523,850,000.00		6,965,346.41		81,111,870.01		4,199,695.87		85,311,565.88		92,276,912.29		0.00		0.00		438,538,434.12
A-1B	270,570,000.00		3,825,033.07		0.00		0.00		0.00		3,825,033.07		0.00		0.00		270,570,000.00
A-1C	324,680,000.00		4,703,621.11		0.00		0.00		0.00		4,703,621.11		0.00		0.00		324,680,000.00
A-1D	131,494,000.00		1,945,855.51		0.00		0.00		0.00		1,945,855.51		0.00		0.00		131,494,000.00
A-2	138,955,000.00		2,007,461.78		9,012,437.20		466,633.25		9,479,070.45		11,486,532.23		0.00		0.00		129,475,929.55
M-1	52,688,000.00		802,218.71		0.03		0.00		0.02		802,218.73		0.00		0.00		52,687,999.97
M-2	81,266,000.00		1,243,663.26		0.00		0.00		0.00		1,243,663.26		0.00		0.00		81,266,000.00
M-3	26,791,000.00		412,082.78		0.00		0.00		0.00		412,082.78		0.00		0.00		26,791,000.00
M-4	53,581,000.00		861,656.89		0.00		0.00		0.00		861,656.89		0.00		0.00		53,581,000.00
M-5	29,470,000.00		478,502.76		0.00		0.00		0.00		478,502.76		0.00		0.00		29,470,000.00
M-6	33,042,000.00		613,599.13		0.00		0.00		0.00		613,599.13		0.00		0.00		33,042,000.00
M-7	25,898,000.00		491,004.50		0.00		0.00		0.00		491,004.50		0.00		0.00		25,898,000.00
M-8	19,646,000.00		403,032.24		0.00		0.00		0.00		403,032.24		0.00		0.00		19,646,000.00
M-9	21,433,000.00		502,204.95		0.00		0.00		0.00		502,204.95		0.00		0.00		21,433,000.00
CE	52,689,061.00		14,047,324.22		434.70		58.88		493.59		14,047,817.81		0.00		0.00		52,688,568.28
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00		716,752.98		0.00		0.00		0.00		716,752.98		0.00		0.00		100.00

Total	1,786,053,061.00		40,019,360.30		90,124,741.94		4,666,388.00		94,791,129.94		134,810,490.24		0.00		0.00		1,691,262,031.92


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	3.91000%		470,672,380.46		1,482,487.26		0.00		0.00		0.00		1,482,487.26		1,482,487.26		0.00
A-1B	3.99000%		270,570,000.00		869,657.08		0.00		0.00		0.00		869,657.08		869,657.08		0.00
A-1C	4.08000%		324,680,000.00		1,067,114.93		0.00		0.00		0.00		1,067,114.93		1,067,114.93		0.00
A-1D	4.16000%		131,494,000.00		440,651.00		0.00		0.00		0.00		440,651.00		440,651.00		0.00
A-2	4.13000%		133,046,370.89		442,637.88		0.00		0.00		0.00		442,637.88		442,637.88		0.00
M-1	4.27000%		52,687,999.97		181,232.08		0.00		0.00		0.00		181,232.08		181,232.08		0.00
M-2	4.29000%		81,266,000.00		280,841.75		0.00		0.00		0.00		280,841.75		280,841.75		0.00
M-3	4.31000%		26,791,000.00		93,016.86		0.00		0.00		0.00		93,016.86		93,016.86		0.00
M-4	4.49000%		53,581,000.00		193,799.50		0.00		0.00		0.00		193,799.50		193,799.50		0.00
M-5	4.53000%		29,470,000.00		107,540.94		0.00		0.00		0.00		107,540.94		107,540.94		0.00
M-6	5.13000%		33,042,000.00		136,546.07		0.00		0.00		0.00		136,546.07		136,546.07		0.00
M-7	5.23000%		25,898,000.00		109,109.71		0.00		0.00		0.00		109,109.71		109,109.71		0.00
M-8	5.63000%		19,646,000.00		89,100.07		0.00		0.00		0.00		89,100.07		89,100.07		0.00
M-9	6.38000%		21,433,000.00		110,153.71		0.00		0.00		0.00		110,153.71		110,153.71		0.00
CE	0.00000%		52,688,568.28		0.00		0.00		0.00		0.00		0.00		4,023,180.60		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		608,808.79		0.00

Total			1,726,966,419.60		5,603,888.84		0.00		0.00		0.00		5,603,888.84		10,235,878.23		0.00



Page 3 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														35,704,387.68
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														35,704,387.68
Interest Collections														9,749,876.70
Interest Withdrawals														-0.00
Interest Fees														-122,807.26
Interest Other Accounts														608,808.79
TOTAL NET INTEREST														10,235,878.23
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														45,940,265.91



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															1,149,820.29
Curtailments															378,967.17
Prepayments In Full															34,175,600.22
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-972,157.48
Realized Losses															-0.00
Advanced Principal															972,157.48
TOTAL PRINCIPAL COLLECTED															35,704,387.68


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
														Total
Prefund Release														0.00
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00





Page 4 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														10,349,085.32
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-96,332.79
Delinquent Interest														-8,653,880.68
Compensating Interest														96,332.79
Civil Relief Act Shortfalls														-0.00
Interest Advanced														8,054,672.05
TOTAL INTEREST COLLECTED														9,749,876.70


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														608,808.79
TOTAL INTEREST OTHER ACCOUNTS														608,808.79



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														120,360.72
Trustee Fees														2,446.54
TOTAL INTEREST FEES														122,807.26




Page 5 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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														52,689,061.86
Current Period Losses														0.00
Overcollateralized Amount - After Current Losses														52,689,061.86

Overcollateralization Increase Amount														0.00
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														52,688,568.28

Required Overcollateralized Amount														52,688,568.28

Senior Enhancement Percentage														23.440000%



Page 6 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														9,803
Prior														9,533
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-151
Repurchases														-0
Liquidations														-0
Current														9,382
Principal Balance:


Original														1,786,052,185.29
Prior														1,726,966,419.60
Prefunding														0.00
Scheduled Principal														-1,149,820.29
Partial Prepayments														-378,967.17
Full Voluntary Prepayments														-34,175,600.22
Repurchases														-0.00
Liquidations														-0.00
Current														1,691,262,031.92





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 26
Carrington Mortgage Loan Trust 2005-NC3

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Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.19780%
Weighted Average Coupon Prior														7.19154%
Weighted Average Coupon Current														7.19117%
Weighted Average Months to Maturity Original														355
Weighted Average Months to Maturity Prior														353
Weighted Average Months to Maturity Current														352
Weighted Avg Remaining Amortization Term Original														355
Weighted Avg Remaining Amortization Term Prior														353
Weighted Avg Remaining Amortization Term Current														352
Weighted Average Seasoning Original														2.09
Weighted Average Seasoning Prior														4.08
Weighted Average Seasoning Current														5.08









Page 8 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.71306%
Weighted Average Margin Prior														5.71304%
Weighted Average Margin Current														5.71402%
Weighted Average Max Rate Original														14.16170%
Weighted Average Max Rate Prior														14.15539%
Weighted Average Max Rate Current														14.15495%
Weighted Average Min Rate Original														7.16569%
Weighted Average Min Rate Prior														7.15944%
Weighted Average Min Rate Current														7.15908%
Weighted Average Cap Up Original														1.49800%
Weighted Average Cap Up Prior														1.49797%
Weighted Average Cap Up Current														1.49794%
Weighted Average Cap Down Original														1.49800%
Weighted Average Cap Down Prior														1.49797%
Weighted Average Cap Down Current														1.49794%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														120,360.72
Delinquent Servicing Fees														599,208.62
TOTAL SERVICING FEES														719,569.36


Total Servicing Fees														719,569.36
Compensating Interest														-96,332.79
Delinquent Servicing Fees														-599,208.62
COLLECTED SERVICING FEES														24,027.96


Total Advanced Interest														8,054,672.05
Total Advanced Principal														972,157.48
Aggregate Advances with respect to this Distribution														18,053,659.07





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														96,332.79
Compensating Interest														-96,332.79
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														1,691,262,031.92
Weighted Average Net Mortgage Rate														7.112503%




Page 9 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				22,575,625.87		11,618,830.38		3,198,746.13		37,393,202.38
			% Balance				1.33%		0.69%		0.19%		2.21%
			# Loans				149		76		15		240
			% # Loans				1.59%		0.81%		0.16%		2.56%
	FORECLOSURE		Balance		0.00		0.00		4,258,808.45		172,868.96		4,431,677.41
			% Balance		0.00%		0.00%		0.25%		0.01%		0.26%
			# Loans		0		0		27		2		29
			% # Loans		0.00%		0.00%		0.29%		0.02%		0.31%
	BANKRUPTCY		Balance		3,261,520.85		273,061.71		475,047.05		0.00		4,009,629.61
			% Balance		0.19%		0.02%		0.03%		0.00%		0.24%
			# Loans		25		3		6		0		34
			% # Loans		0.27%		0.03%		0.06%		0.00%		0.36%
	REO		Balance		0.00		0.00		126,979.95		0.00		126,979.95
			% Balance		0.00%		0.00%		0.01%		0.00%		0.01%
			# Loans		0		0		2		0		2
			% # Loans		0.00%		0.00%		0.02%		0.00%		0.02%
	TOTAL		Balance		3,261,520.85		22,848,687.58		16,479,665.83		3,371,615.09		45,961,489.35
			% Balance		0.19%		1.35%		0.97%		0.20%		2.72%
			# Loans		25		152		111		17		305
			% # Loans		0.27%		1.62%		1.18%		0.18%		3.25%









Page 10 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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
1000949353 1
1000949353 1			59,941.97		59,823.10		01-Jun-2005		9.600%		MO - 80.00%		360		01-May-2005

1001313206 1			67,320.11		67,156.85		01-Jun-2005		8.625%		GA - 89.99%		360		01-May-2005


TOTAL			127,262.08		126,979.95


Page 11 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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
2066180 1
2066180 1			106,198.01		105,985.89		01-Jun-2005		9.525%		MI - 85.00%		360		01-Jun-2005

2080643 1			210,663.20		209,977.47		01-Jun-2005		7.150%		CA - 74.04%		360		01-May-2005
2093179 1			167,922.44		167,605.82		01-Jun-2005		9.800%		TX - 80.00%		360		01-Jun-2005
2106207 1			86,371.77		86,256.14		01-Jun-2005		11.400%		TX - 61.71%		360		01-Jun-2005
2126720 1			130,400.00		130,063.91		01-Jun-2005		8.250%		TX - 80.00%		360		01-Jul-2005
1001145889 1			177,650.00		177,650.00		01-Jun-2005		8.150%		WA - 95.00%		360		01-May-2005
1001226006 1			78,161.13		78,002.55		01-May-2005		9.450%		MI - 85.00%		360		01-Jun-2005
1001331703 1			60,373.27		60,264.12		01-Jun-2005		10.000%		MI - 80.00%		360		01-Jun-2005
1001349687 1			73,750.48		73,549.08		01-Jun-2005		8.000%		OH - 90.00%		360		01-Jun-2005
1001351245 1			254,885.98		254,420.36		01-Jun-2005		9.950%		CA - 73.91%		360		01-Jun-2005
1001420359 1			50,346.14		50,235.92		01-Jun-2005		9.125%		OH - 90.00%		360		01-May-2005
1001431427 1			177,191.48		176,749.69		01-Jun-2005		8.450%		CO - 90.00%		360		01-Jun-2005
1001433210 1			216,468.78		215,934.53		01-Jun-2005		8.500%		MI - 95.00%		360		01-Jun-2005
1001441791 1			118,939.59		118,693.20		01-Jun-2005		9.350%		AZ - 83.80%		360		01-Jun-2005
1001450414 1			128,621.22		128,300.53		01-Jun-2005		8.450%		NC - 90.00%		360		01-Jun-2005
1001464999 1			130,860.53		130,271.62		01-Jun-2005		5.450%		CA - 23.55%		360		01-May-2005
1001485814 1			196,200.00		196,200.00		01-Jun-2005		9.500%		TN - 90.00%		360		01-May-2005
1001516318 1			417,653.97		416,249.68		01-Jun-2005		6.950%		NY - 95.00%		360		01-Jun-2005
1001529288 1			140,768.11		140,434.58		01-Jun-2005		8.700%		TX - 90.00%		360		01-Jun-2005
1001535636 1			131,914.96		131,568.94		01-Jun-2005		8.200%		TX - 80.00%		360		01-Jun-2005
1001540620 1			269,874.03		269,359.83		01-Jun-2005		9.750%		CA - 69.23%		360		01-Jun-2005
1001562213 1			95,134.15		94,866.41		01-May-2005		7.850%		FL - 80.00%		360		01-Jun-2005
1001576716 1			112,437.90		112,184.84		01-Jun-2005		8.950%		MI - 90.00%		360		01-Jun-2005
1001636297 1			182,617.06		182,076.81		01-Jun-2005		7.600%		NV - 85.00%		360		01-Jun-2005
1001836909 1			97,750.00		97,510.58		01-Jun-2005		8.500%		TN - 85.00%		360		01-Jul-2005
1001878579 1			75,000.00		74,865.60		01-Jun-2005		10.000%		FL - 53.57%		360		01-Jul-2005
1001928579 1			136,850.00		136,478.99		01-Jun-2005		8.000%		CO - 85.00%		360		01-Jul-2005
1001951748 1			207,000.00		206,338.45		01-Jun-2005		7.175%		NJ - 90.00%		360		01-Jul-2005
1002221054 1			210,000.00		209,581.87		01-Jun-2005		9.500%		CA - 75.00%		360		01-Jul-2005


TOTAL			4,442,004.18		4,431,677.41


Page 12 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														151
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														151
Curtailments Amount														378,967.17
Paid in Full Balance														34,175,600.22
Repurchased Loans Balance														0.00
Total Prepayment Amount														34,554,567.39

Cumulative


Number of Paid in Full Loans														421
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														421
Paid in Full Balance														89,486,626.20
Repurchased Loans Balance														0.00
Curtailments Amount														637,139.20
Total Prepayment Amount														90,123,765.40










Page 13 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														2.00%
3 Months Avg SMM														1.55%
12 Months Avg SMM														1.29%
Avg SMM Since Cut-off														1.29%


CPR														21.55%
3 Months Avg CPR														17.14%
12 Months Avg CPR														14.41%
Avg CPR Since Cut-off														14.41%


PSA														2,122.41%
3 Months Avg PSA Approximation														2,100.59%
12 Months Avg PSA Approximation														2,012.34%
Avg PSA Since Cut-off Approximation														2,012.34%










Page 14 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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

2067835 1			220,599.32		219,990.13			06-Sep-2005		6.500%		AZ - 85.00%		Paid Off - 360		01-May-2005
			220,599.32

2075171 1			229,068.44		228,433.98			21-Sep-2005		6.600%		MA - 90.00%		Paid Off - 360		01-May-2005
2075171 1					228,433.98			21-Sep-2005		6.600%		MA - 90.00%		Paid Off - 360		01-May-2005
2075451 1			161,113.86		159,690.45			19-Sep-2005		6.850%		AL - 75.00%		Paid Off - 360		01-Jun-2005
2075451 1					159,690.45			19-Sep-2005		6.850%		AL - 75.00%		Paid Off - 360		01-Jun-2005
2078588 1			308,353.21		307,371.35			15-Sep-2005		5.750%		HI - 75.37%		Paid Off - 360		01-May-2005
2078588 1					307,371.35			15-Sep-2005		5.750%		HI - 75.37%		Paid Off - 360		01-May-2005
2096898 1			69,447.90		69,285.20			12-Sep-2005		7.450%		FL - 57.92%		Paid Off - 360		01-Jun-2005
2096898 1					69,285.20			12-Sep-2005		7.450%		FL - 57.92%		Paid Off - 360		01-Jun-2005
2098392 1			271,758.84		271,007.66			15-Sep-2005		6.600%		NV - 85.00%		Paid Off - 360		01-Jun-2005
2098392 1					271,007.66			15-Sep-2005		6.600%		NV - 85.00%		Paid Off - 360		01-Jun-2005
2099115 1			433,732.45		432,918.48			08-Sep-2005		8.415%		TX - 66.77%		Paid Off - 360		01-Jun-2005
2099115 1					432,918.48			08-Sep-2005		8.415%		TX - 66.77%		Paid Off - 360		01-Jun-2005
2099743 1			167,834.34		167,331.64			30-Sep-2005		6.050%		FL - 80.00%		Paid Off - 360		01-Jun-2005
2099743 1					167,331.64			30-Sep-2005		6.050%		FL - 80.00%		Paid Off - 360		01-Jun-2005
2105083 1			247,745.94		246,976.30			08-Sep-2005		5.850%		CA - 80.00%		Paid Off - 360		01-Jun-2005
2105083 1					246,976.30			08-Sep-2005		5.850%		CA - 80.00%		Paid Off - 360		01-Jun-2005
2108508 1			142,380.87		142,017.48			30-Sep-2005		6.900%		MD - 95.00%		Paid Off - 360		01-Jun-2005
2108508 1					142,017.48			30-Sep-2005		6.900%		MD - 95.00%		Paid Off - 360		01-Jun-2005
2108699 1			153,887.97		153,547.62			01-Sep-2005		7.600%		FL - 70.00%		Paid Off - 360		01-Jun-2005
2108699 1					153,547.62			01-Sep-2005		7.600%		FL - 70.00%		Paid Off - 360		01-Jun-2005
2118715 1			499,457.84		497,816.26			29-Sep-2005		5.550%		UT - 80.00%		Paid Off - 360		01-Jun-2005
2118715 1					497,816.26			29-Sep-2005		5.550%		UT - 80.00%		Paid Off - 360		01-Jun-2005
1000755169 1			179,852.45		179,404.62			02-Sep-2005		7.000%		HI - 90.00%		Paid Off - 360		01-Jun-2005
1000755169 1					179,404.62			02-Sep-2005		7.000%		HI - 90.00%		Paid Off - 360		01-Jun-2005
1000901705 1			142,032.35		141,776.31			22-Sep-2005		8.650%		GA - 90.00%		Paid Off - 360		01-May-2005
1000901705 1					141,776.31			22-Sep-2005		8.650%		GA - 90.00%		Paid Off - 360		01-May-2005
1000928964 1			134,107.88		133,766.89			09-Sep-2005		7.700%		CA - 85.00%		Paid Off - 360		01-May-2005
1000928964 1					133,766.89			09-Sep-2005		7.700%		CA - 85.00%		Paid Off - 360		01-May-2005
1000973851 1			279,947.97		279,259.85			01-Sep-2005		7.100%		NY - 80.00%		Paid Off - 360		01-May-2005
1000973851 1					279,259.85			01-Sep-2005		7.100%		NY - 80.00%		Paid Off - 360		01-May-2005
1000986222 1			125,467.90		125,265.93			21-Sep-2005		9.200%		NJ - 80.00%		Paid Off - 360		01-May-2005
1000986222 1					125,265.93			21-Sep-2005		9.200%		NJ - 80.00%		Paid Off - 360		01-May-2005
1000995793 1			175,652.91		175,342.69			06-Sep-2005		8.750%		AZ - 80.00%		Paid Off - 360		01-May-2005
1000995793 1					175,342.69			06-Sep-2005		8.750%		AZ - 80.00%		Paid Off - 360		01-May-2005
1001001515 1			267,015.05		266,277.71			08-Sep-2005		6.500%		CA - 81.06%		Paid Off - 360		01-May-2005
1001001515 1					266,277.71			08-Sep-2005		6.500%		CA - 81.06%		Paid Off - 360		01-May-2005
1001047628 1			183,533.59		183,059.12			09-Sep-2005		6.875%		HI - 80.00%		Paid Off - 360		01-Apr-2005
1001047628 1					183,059.12			09-Sep-2005		6.875%		HI - 80.00%		Paid Off - 360		01-Apr-2005
1001047904 1			45,945.87		45,890.30			09-Sep-2005		10.600%		HI - 20.00%		Paid Off - 360		01-Apr-2005
1001047904 1					45,890.30			09-Sep-2005		10.600%		HI - 20.00%		Paid Off - 360		01-Apr-2005
1001050631 1			167,757.01		167,301.94			26-Sep-2005		6.950%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
1001050631 1					167,301.94			26-Sep-2005		6.950%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
1001052559 1			99,874.61		99,681.51			08-Sep-2005		8.350%		GA - 65.36%		Paid Off - 360		01-May-2005
1001052559 1					99,681.51			08-Sep-2005		8.350%		GA - 65.36%		Paid Off - 360		01-May-2005
1001062593 1			268,814.75		268,109.65			06-Sep-2005		6.800%		IL - 95.00%		Paid Off - 360		01-Apr-2005
1001062593 1					268,109.65			06-Sep-2005		6.800%		IL - 95.00%		Paid Off - 360		01-Apr-2005
1001081938 1			179,742.52		179,350.07			09-Sep-2005		7.700%		MD - 81.45%		Paid Off - 360		01-May-2005
1001081938 1					179,350.07			09-Sep-2005		7.700%		MD - 81.45%		Paid Off - 360		01-May-2005
1001096138 1			102,226.15		101,963.18			09-Sep-2005		6.837%		VA - 80.00%		Paid Off - 360		01-May-2005
1001096138 1					101,963.18			09-Sep-2005		6.837%		VA - 80.00%		Paid Off - 360		01-May-2005
1001096575 1			25,586.07		25,564.64			06-Sep-2005		12.250%		VA - 20.00%		Paid Off - 360		01-May-2005
1001096575 1					25,564.64			06-Sep-2005		12.250%		VA - 20.00%		Paid Off - 360		01-May-2005
1001098270 1			220,048.68		219,373.80			06-Sep-2005		5.950%		CA - 69.56%		Paid Off - 360		01-May-2005
1001098270 1					219,373.80			06-Sep-2005		5.950%		CA - 69.56%		Paid Off - 360		01-May-2005
1001104094 1			363,224.29		362,422.86			21-Sep-2005		7.650%		CA - 72.32%		Paid Off - 360		01-May-2005
1001104094 1					362,422.86			21-Sep-2005		7.650%		CA - 72.32%		Paid Off - 360		01-May-2005
1001109696 1			321,968.70		321,160.09			15-Sep-2005		6.990%		CA - 75.00%		Paid Off - 360		01-May-2005
1001109696 1					321,160.09			15-Sep-2005		6.990%		CA - 75.00%		Paid Off - 360		01-May-2005
1001118178 1			219,912.57		219,645.66			07-Sep-2005		10.500%		CA - 57.90%		Paid Off - 360		01-Jun-2005
1001118178 1					219,645.66			07-Sep-2005		10.500%		CA - 57.90%		Paid Off - 360		01-Jun-2005
1001130644 1			150,925.88		150,509.11			16-Sep-2005		6.500%		HI - 80.00%		Paid Off - 360		01-May-2005
1001130644 1					150,509.11			16-Sep-2005		6.500%		HI - 80.00%		Paid Off - 360		01-May-2005
1001131849 1			240,300.00		240,299.98			02-Sep-2005		7.990%		AZ - 90.00%		Paid Off - 360		01-May-2005
1001131849 1					240,299.98			02-Sep-2005		7.990%		AZ - 90.00%		Paid Off - 360		01-May-2005
1001140321 1			201,387.13		200,673.74			01-Sep-2005		5.650%		CA - 69.85%		Paid Off - 360		01-May-2005
1001140321 1					200,673.74			01-Sep-2005		5.650%		CA - 69.85%		Paid Off - 360		01-May-2005
1001142908 1			37,769.83		37,723.57			27-Sep-2005		10.500%		HI - 20.00%		Paid Off - 360		01-May-2005
1001142908 1					37,723.57			27-Sep-2005		10.500%		HI - 20.00%		Paid Off - 360		01-May-2005
1001157081 1			207,000.00		207,000.01			14-Sep-2005		8.150%		CA - 90.00%		Paid Off - 360		01-May-2005
1001157081 1					207,000.01			14-Sep-2005		8.150%		CA - 90.00%		Paid Off - 360		01-May-2005
1001173606 1			621,994.92		620,763.10			14-Sep-2005		8.150%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001173606 1					620,763.10					8.150%		VA - 95.00%		Paid Off - 360


Page 16 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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

1001178479 1			218,187.44		217,711.06			12-Sep-2005		7.700%		MD - 95.00%		Paid Off - 360		01-May-2005
			218,187.44

1001183123 1			139,805.69		139,509.10			28-Sep-2005		7.850%		WA - 70.00%		Paid Off - 360		01-May-2005
1001183123 1					139,509.10			28-Sep-2005		7.850%		WA - 70.00%		Paid Off - 360		01-May-2005
1001184569 1			336,888.14		335,957.86			16-Sep-2005		6.500%		CA - 90.00%		Paid Off - 360		01-May-2005
1001184569 1					335,957.86			16-Sep-2005		6.500%		CA - 90.00%		Paid Off - 360		01-May-2005
1001186219 1			488,648.67		487,279.65			01-Sep-2005		6.990%		CA - 85.00%		Paid Off - 360		01-May-2005
1001186219 1					487,279.65			01-Sep-2005		6.990%		CA - 85.00%		Paid Off - 360		01-May-2005
1001215278 1			419,145.54		417,848.03			16-Sep-2005		5.900%		CA - 75.00%		Paid Off - 360		01-May-2005
1001215278 1					417,848.03			16-Sep-2005		5.900%		CA - 75.00%		Paid Off - 360		01-May-2005
1001230420 1			185,769.15		185,416.79			28-Sep-2005		8.400%		NV - 68.13%		Paid Off - 360		01-May-2005
1001230420 1					185,416.79			28-Sep-2005		8.400%		NV - 68.13%		Paid Off - 360		01-May-2005
1001237361 1			271,577.83		270,933.79			09-Sep-2005		7.300%		NJ - 85.00%		Paid Off - 360		01-May-2005
1001237361 1					270,933.79			09-Sep-2005		7.300%		NJ - 85.00%		Paid Off - 360		01-May-2005
1001239626 1			467,499.98		467,499.95			30-Sep-2005		6.500%		CA - 84.23%		Paid Off - 360		01-May-2005
1001239626 1					467,499.95			30-Sep-2005		6.500%		CA - 84.23%		Paid Off - 360		01-May-2005
1001283710 1			147,022.85		146,752.36			28-Sep-2005		8.550%		GA - 80.00%		Paid Off - 360		01-May-2005
1001283710 1					146,752.36			28-Sep-2005		8.550%		GA - 80.00%		Paid Off - 360		01-May-2005
1001287725 1			396,500.00		396,500.00			06-Sep-2005		6.150%		CA - 65.00%		Paid Off - 360		01-May-2005
1001287725 1					396,500.00			06-Sep-2005		6.150%		CA - 65.00%		Paid Off - 360		01-May-2005
1001294263 1			150,000.00		150,000.00			28-Sep-2005		4.990%		FL - 71.43%		Paid Off - 360		01-May-2005
1001294263 1					150,000.00			28-Sep-2005		4.990%		FL - 71.43%		Paid Off - 360		01-May-2005
1001294682 1			171,834.55		171,580.45			06-Sep-2005		9.675%		WI - 80.00%		Paid Off - 360		01-May-2005
1001294682 1					171,580.45			06-Sep-2005		9.675%		WI - 80.00%		Paid Off - 360		01-May-2005
1001298884 1			274,629.73		274,065.02			27-Sep-2005		8.000%		WV - 83.33%		Paid Off - 360		01-May-2005
1001298884 1					274,065.02			27-Sep-2005		8.000%		WV - 83.33%		Paid Off - 360		01-May-2005
1001306688 1			177,315.23		176,806.45			02-Sep-2005		6.300%		CA - 58.25%		Paid Off - 360		01-May-2005
1001306688 1					176,806.45			02-Sep-2005		6.300%		CA - 58.25%		Paid Off - 360		01-May-2005
1001309792 1			159,099.73		158,794.10			30-Sep-2005		8.337%		NV - 88.50%		Paid Off - 360		01-May-2005
1001309792 1					158,794.10			30-Sep-2005		8.337%		NV - 88.50%		Paid Off - 360		01-May-2005
1001312029 1			386,777.34		386,099.55			30-Sep-2005		8.750%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
1001312029 1					386,099.55			30-Sep-2005		8.750%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
1001314526 1			214,045.75		213,577.06			14-Sep-2005		7.650%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001314526 1					213,577.06			14-Sep-2005		7.650%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001314884 1			249,155.08		248,713.97			23-Sep-2005		8.700%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001314884 1					248,713.97			23-Sep-2005		8.700%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001328129 1			565,307.33		564,264.68			15-Sep-2005		8.500%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001328129 1					564,264.68			15-Sep-2005		8.500%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001340196 1			142,500.00		142,500.00			01-Sep-2005		7.600%		AZ - 95.00%		Paid Off - 360		01-May-2005
1001340196 1					142,500.00			01-Sep-2005		7.600%		AZ - 95.00%		Paid Off - 360		01-May-2005
1001348786 1			335,774.55		335,089.14			30-Sep-2005		8.000%		NJ - 65.88%		Paid Off - 360		01-Jun-2005
1001348786 1					335,089.14			30-Sep-2005		8.000%		NJ - 65.88%		Paid Off - 360		01-Jun-2005
1001350665 1			304,638.06		304,032.19			06-Sep-2005		8.150%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001350665 1					304,032.19			06-Sep-2005		8.150%		VA - 95.00%		Paid Off - 360		01-Jun-2005
1001352217 1			264,872.15		264,331.45			30-Sep-2005		8.000%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001352217 1					264,331.45			30-Sep-2005		8.000%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001366505 1			126,668.00		126,668.00			29-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-May-2005
1001366505 1					126,668.00			29-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-May-2005
1001374505 1			65,139.50		64,971.38			09-Sep-2005		6.850%		ID - 75.00%		Paid Off - 360		01-May-2005
1001374505 1					64,971.38			09-Sep-2005		6.850%		ID - 75.00%		Paid Off - 360		01-May-2005
1001389866 1			249,670.15		249,166.98			06-Sep-2005		8.100%		CA - 71.43%		Paid Off - 360		01-May-2005
1001389866 1					249,166.98			06-Sep-2005		8.100%		CA - 71.43%		Paid Off - 360		01-May-2005
1001399702 1			186,897.64		186,585.94			26-Sep-2005		8.990%		CA - 70.57%		Paid Off - 360		01-Jun-2005
1001399702 1					186,585.94			26-Sep-2005		8.990%		CA - 70.57%		Paid Off - 360		01-Jun-2005
1001404705 1			222,542.00		221,846.58			29-Sep-2005		5.850%		MD - 69.69%		Paid Off - 360		01-May-2005
1001404705 1					221,846.58			29-Sep-2005		5.850%		MD - 69.69%		Paid Off - 360		01-May-2005
1001407258 1			146,890.90		146,559.49			16-Sep-2005		7.500%		AZ - 81.67%		Paid Off - 360		01-Jun-2005
1001407258 1					146,559.49			16-Sep-2005		7.500%		AZ - 81.67%		Paid Off - 360		01-Jun-2005
1001409069 1			181,806.57		181,510.86			09-Sep-2005		9.150%		FL - 70.00%		Paid Off - 360		01-May-2005
1001409069 1					181,510.86			09-Sep-2005		9.150%		FL - 70.00%		Paid Off - 360		01-May-2005
1001412313 1			367,932.94		366,971.01			20-Sep-2005		6.750%		MA - 75.00%		Paid Off - 360		01-Jun-2005
1001412313 1					366,971.01			20-Sep-2005		6.750%		MA - 75.00%		Paid Off - 360		01-Jun-2005
1001417568 1			395,250.00		395,250.02			27-Sep-2005		6.875%		CA - 85.00%		Paid Off - 360		01-May-2005
1001417568 1					395,250.02			27-Sep-2005		6.875%		CA - 85.00%		Paid Off - 360		01-May-2005
1001418335 1			297,256.15		296,516.01			16-Sep-2005		7.000%		NY - 85.00%		Paid Off - 360		01-Jun-2005
1001418335 1					296,516.01			16-Sep-2005		7.000%		NY - 85.00%		Paid Off - 360		01-Jun-2005
1001423123 1			170,909.99		170,909.96			01-Sep-2005		5.750%		AZ - 90.00%		Paid Off - 360		01-May-2005
1001423123 1					170,909.96			01-Sep-2005		5.750%		AZ - 90.00%		Paid Off - 360		01-May-2005
1001428253 1			167,881.42		167,521.06			26-Sep-2005		7.750%		CA - 74.67%		Paid Off - 360		01-Jun-2005
1001428253 1					167,521.06			26-Sep-2005		7.750%		CA - 74.67%		Paid Off - 360		01-Jun-2005
1001433906 1			84,889.95		84,722.84			12-Sep-2005		8.300%		FL - 85.00%		Paid Off - 360		01-May-2005
1001433906 1					84,722.84			12-Sep-2005		8.300%		FL - 85.00%		Paid Off - 360		01-May-2005
1001446082 1			86,317.22		86,066.30			14-Sep-2005		6.200%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
1001446082 1					86,066.30			14-Sep-2005		6.200%		AZ - 80.00%		Paid Off - 360		01-Jun-2005
1001446616 1			390,000.00		390,000.00			22-Sep-2005		6.350%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001446616 1					390,000.00					6.350%		CA - 75.00%		Paid Off - 360


Page 17 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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

1001447090 1			132,485.83		132,139.44			28-Sep-2005		6.750%		MD - 85.00%		Paid Off - 360		01-Jun-2005
			132,485.83

1001448794 1			93,837.68		93,590.76			16-Sep-2005		6.750%		FL - 94.00%		Paid Off - 360		01-May-2005
1001448794 1					93,590.76			16-Sep-2005		6.750%		FL - 94.00%		Paid Off - 360		01-May-2005
1001455428 1			159,896.92		159,583.45			08-Sep-2005		8.200%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001455428 1					159,583.45			08-Sep-2005		8.200%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001461377 1			457,280.27		456,308.55			23-Sep-2005		7.800%		NY - 80.00%		Paid Off - 360		01-Jun-2005
1001461377 1					456,308.55			23-Sep-2005		7.800%		NY - 80.00%		Paid Off - 360		01-Jun-2005
1001461965 1			439,653.33		438,600.78			21-Sep-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001461965 1					438,600.78			21-Sep-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001462928 1			211,373.18		210,987.26			22-Sep-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001462928 1					210,987.26			22-Sep-2005		8.550%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001463099 1			142,787.08		142,462.68			14-Sep-2005		7.500%		CA - 59.58%		Paid Off - 360		01-May-2005
1001463099 1					142,462.68			14-Sep-2005		7.500%		CA - 59.58%		Paid Off - 360		01-May-2005
1001468156 1			170,000.00		169,667.50			02-Sep-2005		8.175%		NJ - 85.00%		Paid Off - 360		01-Jul-2005
1001468156 1					169,667.50			02-Sep-2005		8.175%		NJ - 85.00%		Paid Off - 360		01-Jul-2005
1001472105 1			127,401.52		127,102.46			06-Sep-2005		7.300%		CA - 70.83%		Paid Off - 360		01-Jun-2005
1001472105 1					127,102.46			06-Sep-2005		7.300%		CA - 70.83%		Paid Off - 360		01-Jun-2005
1001476959 1			176,091.72		175,849.34			07-Sep-2005		9.950%		WA - 75.00%		Paid Off - 360		01-May-2005
1001476959 1					175,849.34			07-Sep-2005		9.950%		WA - 75.00%		Paid Off - 360		01-May-2005
1001478038 1			238,000.00		238,000.00			06-Sep-2005		6.150%		CA - 68.00%		Paid Off - 360		01-Jun-2005
1001478038 1					238,000.00			06-Sep-2005		6.150%		CA - 68.00%		Paid Off - 360		01-Jun-2005
1001490470 1			87,550.00		87,382.86			08-Sep-2005		8.300%		GA - 85.00%		Paid Off - 360		01-Jul-2005
1001490470 1					87,382.86			08-Sep-2005		8.300%		GA - 85.00%		Paid Off - 360		01-Jul-2005
1001492744 1			160,861.38		160,424.61			30-Sep-2005		6.750%		CA - 59.74%		Paid Off - 360		01-Jun-2005
1001492744 1					160,424.61			30-Sep-2005		6.750%		CA - 59.74%		Paid Off - 360		01-Jun-2005
1001498622 1			247,881.33		247,305.49			08-Sep-2005		9.650%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001498622 1					247,305.49			08-Sep-2005		9.650%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001501173 1			420,000.00		420,000.00			16-Sep-2005		5.990%		CA - 59.57%		Paid Off - 360		01-Jun-2005
1001501173 1					420,000.00			16-Sep-2005		5.990%		CA - 59.57%		Paid Off - 360		01-Jun-2005
1001502001 1			123,888.98		123,552.28			08-Sep-2005		6.550%		SC - 72.94%		Paid Off - 360		01-Jun-2005
1001502001 1					123,552.28			08-Sep-2005		6.550%		SC - 72.94%		Paid Off - 360		01-Jun-2005
1001511037 1			339,641.63		338,556.28			30-Sep-2005		5.700%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001511037 1					338,556.28			30-Sep-2005		5.700%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001511386 1			84,879.06		84,510.54			30-Sep-2005		9.400%		FL - 20.00%		Paid Off - 240		01-Jun-2005
1001511386 1					84,510.54			30-Sep-2005		9.400%		FL - 20.00%		Paid Off - 240		01-Jun-2005
1001529910 1			216,814.99		216,253.63			20-Sep-2005		6.800%		CA - 76.14%		Paid Off - 360		01-Jun-2005
1001529910 1					216,253.63			20-Sep-2005		6.800%		CA - 76.14%		Paid Off - 360		01-Jun-2005
1001536181 1			209,654.72		209,129.21			08-Sep-2005		7.000%		FL - 65.63%		Paid Off - 360		01-May-2005
1001536181 1					209,129.21			08-Sep-2005		7.000%		FL - 65.63%		Paid Off - 360		01-May-2005
1001541576 1			113,667.25		113,415.83			06-Sep-2005		7.600%		FL - 65.00%		Paid Off - 360		01-Jun-2005
1001541576 1					113,415.83			06-Sep-2005		7.600%		FL - 65.00%		Paid Off - 360		01-Jun-2005
1001542815 1			85,599.99		85,599.98			30-Sep-2005		7.075%		IN - 80.00%		Paid Off - 360		01-Jun-2005
1001542815 1					85,599.98			30-Sep-2005		7.075%		IN - 80.00%		Paid Off - 360		01-Jun-2005
1001548016 1			36,577.82		36,510.32			06-Sep-2005		8.500%		AR - 20.00%		Paid Off - 360		01-Jun-2005
1001548016 1					36,510.32			06-Sep-2005		8.500%		AR - 20.00%		Paid Off - 360		01-Jun-2005
1001551225 1			194,232.62		193,724.81			23-Sep-2005		6.750%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
1001551225 1					193,724.81			23-Sep-2005		6.750%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
1001552313 1			154,694.00		154,371.80			20-Sep-2005		7.900%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001552313 1					154,371.80			20-Sep-2005		7.900%		FL - 90.00%		Paid Off - 360		01-Jun-2005
1001556550 1			559,540.06		558,144.11			08-Sep-2005		6.990%		CA - 86.15%		Paid Off - 360		01-Jun-2005
1001556550 1					558,144.11			08-Sep-2005		6.990%		CA - 86.15%		Paid Off - 360		01-Jun-2005
1001557381 1			158,830.83		158,318.52			06-Sep-2005		5.650%		FL - 60.00%		Paid Off - 360		01-Jun-2005
1001557381 1					158,318.52			06-Sep-2005		5.650%		FL - 60.00%		Paid Off - 360		01-Jun-2005
1001561553 1			193,644.25		193,171.44			01-Sep-2005		7.100%		WA - 85.00%		Paid Off - 360		01-Jun-2005
1001561553 1					193,171.44			01-Sep-2005		7.100%		WA - 85.00%		Paid Off - 360		01-Jun-2005
1001563016 1			134,304.18		134,013.02			12-Sep-2005		7.700%		MN - 80.00%		Paid Off - 360		01-Jun-2005
1001563016 1					134,013.02			12-Sep-2005		7.700%		MN - 80.00%		Paid Off - 360		01-Jun-2005
1001563169 1			463,563.96		462,242.06			30-Sep-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001563169 1					462,242.06			30-Sep-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001563338 1			33,583.48		33,533.14			12-Sep-2005		9.504%		MN - 20.00%		Paid Off - 360		01-Jun-2005
1001563338 1					33,533.14			12-Sep-2005		9.504%		MN - 20.00%		Paid Off - 360		01-Jun-2005
1001573648 1			176,595.13		176,275.99			13-Sep-2005		8.600%		OH - 95.00%		Paid Off - 360		01-Jun-2005
1001573648 1					176,275.99			13-Sep-2005		8.600%		OH - 95.00%		Paid Off - 360		01-Jun-2005
1001576896 1			429,542.46		428,156.88			09-Sep-2005		5.650%		NY - 84.31%		Paid Off - 360		01-Jun-2005
1001576896 1					428,156.88			09-Sep-2005		5.650%		NY - 84.31%		Paid Off - 360		01-Jun-2005
1001580051 1			306,000.00		304,979.28			14-Sep-2005		5.990%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1001580051 1					304,979.28			14-Sep-2005		5.990%		CA - 85.00%		Paid Off - 360		01-Jul-2005
1001587232 1			146,246.10		146,081.44			23-Sep-2005		10.850%		NC - 70.00%		Paid Off - 360		01-Jun-2005
1001587232 1					146,081.44			23-Sep-2005		10.850%		NC - 70.00%		Paid Off - 360		01-Jun-2005
1001587438 1			185,000.00		184,997.67			16-Sep-2005		6.990%		CA - 64.91%		Paid Off - 360		01-Jun-2005
1001587438 1					184,997.67			16-Sep-2005		6.990%		CA - 64.91%		Paid Off - 360		01-Jun-2005
1001588696 1			527,250.00		527,250.00			28-Sep-2005		6.500%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001588696 1					527,250.00			28-Sep-2005		6.500%		CA - 95.00%		Paid Off - 360		01-Jun-2005
1001590442 1			364,279.19		363,607.33			09-Sep-2005		8.500%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001590442 1					363,607.33					8.500%		CA - 90.00%		Paid Off - 360


Page 18 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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

1001594947 1			195,300.00		195,279.61			26-Sep-2005		7.675%		AZ - 70.00%		Paid Off - 360		01-Jun-2005
			195,300.00

1001595410 1			159,873.93		159,491.16			19-Sep-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001595410 1					159,491.16			19-Sep-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001596785 1			148,676.82		148,453.80			19-Sep-2005		9.500%		CO - 85.00%		Paid Off - 360		01-Jun-2005
1001596785 1					148,453.80			19-Sep-2005		9.500%		CO - 85.00%		Paid Off - 360		01-Jun-2005
1001609110 1			109,908.03		109,628.94			27-Sep-2005		6.900%		FL - 62.86%		Paid Off - 360		01-Jun-2005
1001609110 1					109,628.94			27-Sep-2005		6.900%		FL - 62.86%		Paid Off - 360		01-Jun-2005
1001609389 1			141,893.55		141,570.23			02-Sep-2005		7.450%		MA - 32.57%		Paid Off - 360		01-Jun-2005
1001609389 1					141,570.23			02-Sep-2005		7.450%		MA - 32.57%		Paid Off - 360		01-Jun-2005
1001627902 1			224,000.00		224,000.00			14-Sep-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001627902 1					224,000.00			14-Sep-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001628073 1			237,892.44		237,560.93			20-Sep-2005		9.900%		NY - 68.00%		Paid Off - 360		01-Jun-2005
1001628073 1					237,560.93			20-Sep-2005		9.900%		NY - 68.00%		Paid Off - 360		01-Jun-2005
1001630603 1			295,732.40		294,920.88			13-Sep-2005		6.500%		IL - 78.93%		Paid Off - 360		01-Jun-2005
1001630603 1					294,920.88			13-Sep-2005		6.500%		IL - 78.93%		Paid Off - 360		01-Jun-2005
1001632914 1			191,875.00		191,494.88			21-Sep-2005		8.150%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
1001632914 1					191,494.88			21-Sep-2005		8.150%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
1001633245 1			57,731.94		57,676.71			16-Sep-2005		11.600%		FL - 75.00%		Paid Off - 360		01-Jun-2005
1001633245 1					57,676.71			16-Sep-2005		11.600%		FL - 75.00%		Paid Off - 360		01-Jun-2005
1001635975 1			201,846.29		201,378.82			21-Sep-2005		7.375%		ID - 80.00%		Paid Off - 360		01-Jun-2005
1001635975 1					201,378.82			21-Sep-2005		7.375%		ID - 80.00%		Paid Off - 360		01-Jun-2005
1001637946 1			121,535.82		121,316.18			28-Sep-2005		8.600%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001637946 1					121,316.18			28-Sep-2005		8.600%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001640923 1			413,574.05		412,554.32			08-Sep-2005		7.050%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001640923 1					412,554.32			08-Sep-2005		7.050%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001659191 1			199,872.46		199,483.16			07-Sep-2005		8.250%		CA - 59.52%		Paid Off - 360		01-Jun-2005
1001659191 1					199,483.16			07-Sep-2005		8.250%		CA - 59.52%		Paid Off - 360		01-Jun-2005
1001661749 1			219,999.99		219,999.98			02-Sep-2005		6.625%		NJ - 68.11%		Paid Off - 360		01-Jun-2005
1001661749 1					219,999.98			02-Sep-2005		6.625%		NJ - 68.11%		Paid Off - 360		01-Jun-2005
1001665282 1			329,900.00		329,900.00			08-Sep-2005		6.250%		CA - 84.61%		Paid Off - 360		01-Jun-2005
1001665282 1					329,900.00			08-Sep-2005		6.250%		CA - 84.61%		Paid Off - 360		01-Jun-2005
1001668225 1			199,793.16		199,166.61			06-Sep-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001668225 1					199,166.61			06-Sep-2005		5.800%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001669484 1			375,891.02		374,953.22			19-Sep-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001669484 1					374,953.22			19-Sep-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001670819 1			97,913.95		97,652.95			30-Sep-2005		6.650%		NJ - 63.64%		Paid Off - 360		01-Jun-2005
1001670819 1					97,652.95			30-Sep-2005		6.650%		NJ - 63.64%		Paid Off - 360		01-Jun-2005
1001681530 1			318,551.87		317,949.15			26-Sep-2005		8.375%		CA - 85.00%		Paid Off - 360		01-Jun-2005
1001681530 1					317,949.15			26-Sep-2005		8.375%		CA - 85.00%		Paid Off - 360		01-Jun-2005
1001692993 1			185,891.87		185,562.76			27-Sep-2005		8.700%		CA - 79.15%		Paid Off - 360		01-Jun-2005
1001692993 1					185,562.76			27-Sep-2005		8.700%		CA - 79.15%		Paid Off - 360		01-Jun-2005
1001721328 1			66,979.05		66,914.58			21-Sep-2005		11.600%		IL - 20.00%		Paid Off - 360		01-Jun-2005
1001721328 1					66,914.58			21-Sep-2005		11.600%		IL - 20.00%		Paid Off - 360		01-Jun-2005
1001744303 1			185,352.39		184,904.27			07-Sep-2005		7.150%		CA - 70.00%		Paid Off - 360		01-Jun-2005
1001744303 1					184,904.27			07-Sep-2005		7.150%		CA - 70.00%		Paid Off - 360		01-Jun-2005
1001756843 1			195,371.46		194,980.60			01-Sep-2005		8.100%		CA - 85.00%		Paid Off - 360		01-Jun-2005
1001756843 1					194,980.60			01-Sep-2005		8.100%		CA - 85.00%		Paid Off - 360		01-Jun-2005
1001759467 1			355,499.99		355,499.97			12-Sep-2005		7.450%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001759467 1					355,499.97			12-Sep-2005		7.450%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001848558 1			80,945.54		80,779.96			02-Sep-2005		7.990%		TN - 100.00%		Paid Off - 360		01-Jun-2005
1001848558 1					80,779.96			02-Sep-2005		7.990%		TN - 100.00%		Paid Off - 360		01-Jun-2005
1001876170 1			188,100.00		187,611.42			23-Sep-2005		6.750%		FL - 89.57%		Paid Off - 360		01-Jul-2005
1001876170 1					187,611.42			23-Sep-2005		6.750%		FL - 89.57%		Paid Off - 360		01-Jul-2005
1001901650 1			90,000.00		89,796.36			02-Sep-2005		7.450%		MN - 46.15%		Paid Off - 360		01-Jul-2005
1001901650 1					89,796.36			02-Sep-2005		7.450%		MN - 46.15%		Paid Off - 360		01-Jul-2005
1001939727 1			60,000.00		59,859.73			22-Sep-2005		7.350%		MI - 75.00%		Paid Off - 360		01-Jul-2005
1001939727 1					59,859.73			22-Sep-2005		7.350%		MI - 75.00%		Paid Off - 360		01-Jul-2005
1001952168 1			400,500.00		400,499.98			28-Sep-2005		7.050%		MD - 90.00%		Paid Off - 360		01-Jul-2005
1001952168 1					400,499.98			28-Sep-2005		7.050%		MD - 90.00%		Paid Off - 360		01-Jul-2005
1001961960 1			390,000.00		390,000.00			20-Sep-2005		5.950%		CA - 80.41%		Paid Off - 360		01-Jul-2005
1001961960 1					390,000.00			20-Sep-2005		5.950%		CA - 80.41%		Paid Off - 360		01-Jul-2005
1001963726 1			508,000.00		506,917.40			26-Sep-2005		7.750%		NV - 60.84%		Paid Off - 360		01-Jul-2005
1001963726 1					506,917.40			26-Sep-2005		7.750%		NV - 60.84%		Paid Off - 360		01-Jul-2005
1002041819 1			125,000.00		124,756.76			20-Sep-2005		8.200%		ME - 68.12%		Paid Off - 360		01-Jul-2005
1002041819 1					124,756.76			20-Sep-2005		8.200%		ME - 68.12%		Paid Off - 360		01-Jul-2005
1002053066 1			232,000.00		231,431.75			23-Sep-2005		7.050%		CA - 65.35%		Paid Off - 360		01-Jul-2005
1002053066 1					231,431.75			23-Sep-2005		7.050%		CA - 65.35%		Paid Off - 360		01-Jul-2005
1002083408 1			143,200.00		142,926.94			28-Sep-2005		8.300%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
1002083408 1					142,926.94			28-Sep-2005		8.300%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
1002091934 1			391,500.00		390,698.63			07-Sep-2005		7.950%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1002091934 1					390,698.63			07-Sep-2005		7.950%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1002093317 1			111,000.00		110,724.88			16-Sep-2005		6.990%		CA - 63.43%		Paid Off - 360		01-Jul-2005
1002093317 1					110,724.88			16-Sep-2005		6.990%		CA - 63.43%		Paid Off - 360		01-Jul-2005
1002179065 1			313,000.00		313,000.00			23-Sep-2005		5.650%		CA - 73.65%		Paid Off - 360		01-Jul-2005
1002179065 1					313,000.00					5.650%		CA - 73.65%		Paid Off - 360


Page 19 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution


TOTAL			34,241,751.20		34,175,600.22

Page 20 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



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

Cumulative
Cumulative



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










Page 21 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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														0.00%
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 22 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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 23 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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)




TOTAL



Page 24 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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														4.037500%




Page 25 of 26
Carrington Mortgage Loan Trust 2005-NC3

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-NC3

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-1C										0.00		0.00
													0.00		0.00
			A-1D										0.00		0.00
													0.00		0.00
			A-2										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										0.01		0.00
													0.01		0.00






Page 26 of 26

Carrington Mortgage Loan Trust, Series 2005-NC3 8-K