8-K 1 irw0500a_10505.txt 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): May 25, 2005 IRWIN WHOLE LOAN HOME EQUITY TRUST 2005-A Home Equity Loan-Backed Notes, Series 2005-A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-23 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On May 25, 2005 a distribution was made to holders of IRWIN WHOLE LOAN HOME EQUITY TRUST 2005-A, Home Equity Loan-Backed Notes, Series 2005-A Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2005-A Trust, relating to the May 25, 2005 distribution. 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. IRWIN WHOLE LOAN HOME EQUITY TRUST 2005-A Home Equity Loan-Backed Notes, Series 2005-A Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 5/25/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2005-A Trust, relating to the May 25, 2005 distribution. EX-99.1

~~OMB~~IRWIN ~~APPROVAL OMB~~Whole ~~Number~~Loan Home Equity Trust Home Equity Loan-Backed Notes Record Date: ~~3235~~4/29/2005 Distribution Date: 5/25/2005 IRWIN Whole Loan Home Equity Trust Home Equity Loan-~~0060 Expires~~Backed Notes Series 2005-A Contact: ~~March~~Customer 31Service - CTSLink Wells Fargo Bank, ~~2005 Estimated~~N.A. ~~average~~Securities ~~burden hours~~Administration ~~per~~Services ~~response~~7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-IO 464187CC5 SEN 6.00000% 0.00 209,322.89 0.00 A-1 464187BZ5 SEN 3.2819000% 118,669,733.47 315,463.71 11,449,858.14 A-2 464187CA9 SEN 3.27000% 68,581,000.00 186,883.22 0.00 A-3 464187CB7 SEN 3.40000% 56,852,000.00 161,080.67 0.00 M-1 464187CD3 MEZ 3.59000% 24,689,000.00 73,861.26 0.00 M-2 464187CE1 MEZ 3.92000% 20,574,000.00 67,208.40 0.00 M-3 464187CF8 MEZ 4.02000% 6,799,000.00 22,776.65 0.00 M-4 464187CG6 MEZ 4.47000% 6,262,000.00 23,325.95 0.00 M-5 464187CH4 MEZ 4.57000% 5,725,000.00 21,802.71 0.00 M-6 464187CJ0 MEZ 5.47000% 5,367,000.00 24,464.58 0.00 M-7 464187CK7 MEZ 7.02000% 10,556,000.00 61,752.60 0.00 X-1 464187CL5 SUB 0.00000% 7,513,854.64 0.00 0.00 X-2A 464187CM3 SUB 0.00000% 0.00 0.00 0.00 X-2B 464187CN1 SUB 0.00000% 0.00 0.00 0.00 Cert SUB 0.00000% 100.00 0.00 0.00 Totals 331,588,688.11 1,167,942.64 11,449,858.14

~~UNITED~~Certificateholder ~~STATES SECURITIES~~Distribution ~~AND~~Summary ~~EXCHANGE~~(continued) ~~COMMISSION Washington~~Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 209,322.89 D0.C00 A-1 0.00 ~~20549~~107,219,875.33 11,765,321.85 0.00 A-2 0.00 68,581,000.00 186,883.22 0.00 A-3 0.00 56,852,000.00 161,080.67 0.00 M-1 0.00 24,689,000.00 73,861.26 0.00 M-2 0.00 20,574,000.00 67,208.40 0.00 M-3 0.00 6,799,000.00 22,776.65 0.00 M-4 0.00 6,262,000.00 23,325.95 0.00 M-5 0.00 5,725,000.00 21,802.71 0.00 M-6 0.00 5,367,000.00 24,464.58 0.00 M-7 0.00 10,556,000.00 61,752.60 0.00 X-1 0.00 7,513,854.64 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 Cert 0.00 100.00 0.00 0.00 Totals 0.00 320,138,829.97 12,617,800.78 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~FORM~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-1 148,833,000.00 118,669,733.47 0.00 11,449,858.14 0.00 0.00 A-2 68,581,000.00 68,581,000.00 0.00 0.00 0.00 0.00 A-3 56,852,000.00 56,852,000.00 0.00 0.00 0.00 0.00 M-1 24,689,000.00 24,689,000.00 0.00 0.00 0.00 0.00 M-2 20,574,000.00 20,574,000.00 0.00 0.00 0.00 0.00 M-3 6,799,000.00 6,799,000.00 0.00 0.00 0.00 0.00 M-4 6,262,000.00 6,262,000.00 0.00 0.00 0.00 0.00 M-5 5,725,000.00 5,725,000.00 0.00 0.00 0.00 0.00 M-6 5,367,000.00 5,367,000.00 0.00 0.00 0.00 0.00 M-7 10,556,000.00 10,556,000.00 0.00 0.00 0.00 0.00 X-1 8,016,436.00 7,513,854.64 0.00 0.00 0.00 0.00 X-K2A 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 0.00 0.00 Cert 100.00 100.00 0.00 0.00 0.00 0.00 Totals 362,254,536.00 331,588,688.11 0.00 11,449,858.14 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~CURRENT~~Principal ~~REPORT PURSUANT~~Distribution TOStatement ~~SECTION~~(continued) 13Total OREnding ~~15(d)~~Ending OFTotal ~~THE~~Principal ~~SECURITIES~~Certificate ~~AND~~Certificate ~~EXCHANGE~~Principal ~~ACT~~Class OFReduction ~~1934 Date~~Balance ofPercentage ~~Report~~Distribution ~~(Date~~A-IO of0.00 ~~earliest~~0.00 ~~event~~0.00000000 ~~reported) January~~0.00 28A-1 11,449,858.14 ~~2005~~107,219,875.33 0.72040391 11,449,858.14 A-2 0.00 68,581,000.00 1.00000000 0.00 A-3 0.00 56,852,000.00 1.00000000 0.00 M-1 0.00 24,689,000.00 1.00000000 0.00 M-2 0.00 20,574,000.00 1.00000000 0.00 M-3 0.00 6,799,000.00 1.00000000 0.00 M-4 0.00 6,262,000.00 1.00000000 0.00 M-5 0.00 5,725,000.00 1.00000000 0.00 M-6 0.00 5,367,000.00 1.00000000 0.00 M-7 0.00 10,556,000.00 1.00000000 0.00 X-1 0.00 7,513,854.64 0.93730613 0.00 X-2A 0.00 0.00 0.00000000 0.00 X-2B 0.00 0.00 0.00000000 0.00 Cert 0.00 100.00 1.00000000 0.00 Totals 11,449,858.14 320,138,829.97 0.88374002 11,449,858.14

~~Bear Stearns~~Principal ~~Asset~~Distribution ~~Backed~~Factors ~~Securities~~Statement IOriginal ~~LLC (Exact~~Beginning ~~name~~Scheduled ofUnscheduled ~~Registrant~~Face asCertificate ~~specified~~Principal inPrincipal ~~its~~Class ~~charter~~(2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 148,833,000.00 797.33482138 0.00000000 76.93091008 0.00000000 A-2 68,581,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 56,852,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 24,689,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 20,574,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 6,799,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 6,262,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 5,367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 10,556,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-1 8,016,436.00 937.30613455 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 Cert 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

~~Delaware~~Principal Distribution Factors Statement (~~State~~continued) orTotal ~~other~~Ending ~~jurisdiction~~Ending ofTotal ~~incorporation~~Realized Principal Certificate Certificate Principal Class Loss (3) ~~333~~Reduction Balance Percentage Distribution A-~~113636~~IO ~~(Commission~~0.00000000 ~~file~~0.00000000 ~~number)~~0.00000000 200.00000000 0.00000000 A-~~0842986~~1 (I0.R00000000 76.S93091008 720.40391130 ~~employer~~0.72040391 ~~identification~~76.93091008 noA-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X-1 0.00000000 0.00000000 937.30613455 0.93730613 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Cert 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~383~~Interest ~~Madison~~Distribution ~~Avenue~~Statement ~~New~~Beginning ~~York~~Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-IO 0.00 6.00000% 41,864,578.00 ~~New~~209,322.89 ~~York~~0.00 ~~(Address~~0.00 ofA-1 ~~principal~~148,833,000.00 ~~executive~~3.19000% ~~offices)~~118,669,733.47 ~~10179~~315,463.71 ~~(ZIP~~0.00 ~~Code)~~0.00 A-2 68,581,000.00 3.27000% 68,581,000.00 186,883.23 0.00 0.00 A-3 56,852,000.00 3.40000% 56,852,000.00 161,080.67 0.00 0.00 M-1 24,689,000.00 3.59000% 24,689,000.00 73,861.26 0.00 0.00 M-2 20,574,000.00 3.92000% 20,574,000.00 67,208.40 0.00 0.00 M-3 6,799,000.00 4.02000% 6,799,000.00 22,776.65 0.00 0.00 M-4 6,262,000.00 4.47000% 6,262,000.00 23,325.95 0.00 0.00 M-5 5,725,000.00 4.57000% 5,725,000.00 21,802.71 0.00 0.00 M-6 5,367,000.00 5.47000% 5,367,000.00 24,464.58 0.00 0.00 M-7 10,556,000.00 7.02000% 10,556,000.00 61,752.60 0.00 0.00 X-1 8,016,436.00 0.00000% 7,513,854.64 0.00 0.00 0.00 X-2A 0.00 0.00000% 332,140,647.54 0.00 0.00 0.00 X-2B 0.00 0.00000% 332,140,647.54 0.00 0.00 0.00 Cert 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 362,254,536.00 1,167,942.65 0.00 0.00

~~Registrant's~~Interest ~~telephone~~Distribution ~~number,~~Statement ~~including~~(continued) ~~area~~Remaining ~~code~~ Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (~~212~~4) ~~272~~Distribution Shortfall Balance A-~~2000~~IO 0.00 0.00 209,322.89 0.00 41,506,761.00 A-1 0.00 0.00 315,463.71 0.00 107,219,875.33 A-2 0.00 0.00 186,883.22 0.00 68,581,000.00 A-3 0.00 0.00 161,080.67 0.00 56,852,000.00 M-1 0.00 0.00 73,861.26 0.00 24,689,000.00 M-2 0.00 0.00 67,208.40 0.00 20,574,000.00 M-3 0.00 0.00 22,776.65 0.00 6,799,000.00 M-4 0.00 0.00 23,325.95 0.00 6,262,000.00 M-5 0.00 0.00 21,802.71 0.00 5,725,000.00 M-6 0.00 0.00 24,464.58 0.00 5,367,000.00 M-7 0.00 0.00 61,752.60 0.00 10,556,000.00 X-1 0.00 0.00 0.00 0.00 7,513,854.64 X-2A 0.00 0.00 0.00 0.00 321,977,949.85 X-2B 0.00 0.00 0.00 0.00 321,977,949.85 Cert 0.00 0.00 0.00 0.00 100.00 Totals 0.00 0.00 1,167,942.64 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

NInterest Distribution Factors Statement Beginning Payment of Original Current Certificate/A Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (~~Former~~5) ~~name~~Amount orRate ~~former~~Balance ~~address~~Interest Shortfall Shortfall A-IO 0.00 6.00000% 975.00065210 4.87500326 0.00000000 0.00000000 A-1 148,833,000.00 if3.19000% ~~changed~~797.33482138 ~~since~~2.11958175 ~~last~~0.00000000 ~~report~~0.00000000 A-2 68,581,000.00 3.27000% 1000.00000000 2.72500007 0.00000000 0.00000000 A-3 56,852,000.00 3.40000% 1000.00000000 2.83333339 0.00000000 0.00000000 M-1 24,689,000.00 3.59000% 1000.00000000 2.99166673 0.00000000 0.00000000 M-2 20,574,000.00 3.92000% 1000.00000000 3.26666667 0.00000000 0.00000000 M-3 6,799,000.00 4.02000% 1000.00000000 3.35000000 0.00000000 0.00000000 M-4 6,262,000.00 4.47000% 1000.00000000 3.72500000 0.00000000 0.00000000 M-5 5,725,000.00 4.57000% 1000.00000000 3.80833362 0.00000000 0.00000000 M-6 5,367,000.00 5.47000% 1000.00000000 4.55833426 0.00000000 0.00000000 M-7 10,556,000.00 7.02000% 1000.00000000 5.85000000 0.00000000 0.00000000 X-1 8,016,436.00 0.00000% 937.30613455 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000% 928.24191998 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000% 928.24191998 0.00000000 0.00000000 0.00000000 Cert 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

~~Check~~Interest ~~the~~Distribution ~~appropriate~~Factors ~~box~~Statement ~~below~~(continued) ifRemaining ~~the~~Ending ~~Form 8~~Non-KSupported ~~filing~~Total isUnpaid ~~intended~~Certificate/ toInterest ~~simultaneously satisfy~~Realized ~~the~~Interest ~~filing~~Interest ~~obligation~~Notional ofClass ~~the~~Shortfall ~~registrant~~Losses ~~under~~(6) ~~any~~Distribution ofShortfall ~~the~~Balance ~~following provisions~~A-IO ~~(see~~0.00000000 ~~General~~0.00000000 ~~Instruction~~4.87500326 0.00000000 966.66731101 A-1 0.00000000 0.00000000 2.11958175 ~~below):~~0.00000000 [720.40391130 ]A-2 ~~Written~~0.00000000 ~~communications~~0.00000000 ~~pursuant~~2.72499993 to0.00000000 ~~Rule~~1000.00000000 ~~425~~A-3 ~~under~~0.00000000 ~~the~~0.00000000 ~~Securities~~2.83333339 ~~Act~~0.00000000 ~~(17~~1000.00000000 ~~CFR~~M-1 ~~230~~0.~~425)~~00000000 [0.00000000 ]2.99166673 ~~Soliciting~~0.00000000 ~~material~~1000.00000000 ~~pursuant~~M-2 to0.00000000 ~~Rule~~0.00000000 ~~14a-12~~3.26666667 ~~under~~0.00000000 ~~the~~1000.00000000 ~~Exchange~~M-3 ~~Act~~0.00000000 ~~(17~~0.00000000 ~~CFR~~3.35000000 ~~240~~0.~~14a~~00000000 1000.00000000 M-~~12)~~4 [0.00000000 ]0.00000000 ~~Pre~~3.72500000 0.00000000 1000.00000000 M-~~commencement~~5 ~~communications~~0.00000000 ~~pursuant~~0.00000000 to3.80833362 ~~Rule~~0.00000000 ~~14d~~1000.00000000 M-~~2(b)~~6 ~~under~~0.00000000 ~~the~~0.00000000 ~~Exchange~~4.55833426 ~~Act~~0.00000000 ~~(17~~1000.00000000 ~~CFR~~M-7 ~~240~~0.~~14d~~00000000 0.00000000 5.85000000 0.00000000 1000.00000000 X-~~2(b)) [~~1 ]0.00000000 ~~Pre~~0.00000000 0.00000000 0.00000000 937.30613455 X-~~commencement~~2A ~~communications~~0.00000000 ~~pursuant~~0.00000000 to0.00000000 ~~Rule~~0.00000000 ~~13e~~899.83997013 X-42B 0.00000000 0.00000000 0.00000000 0.00000000 899.83997013 Cert 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 (c6) ~~under~~Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the ~~Exchange~~Prospectus ~~Act~~Supplement ~~(17~~for ~~CFR~~a ~~240~~Full Description.~~13e-4(c))~~

~~Item~~CERTIFICATEHOLDER 8ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.01 00 Deposits Payments of Interest and Principal 12,895,276.61 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other ~~Events~~Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,895,276.61 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 277,475.83 Payment of Interest and Principal 12,617,800.78 Total Withdrawals (Pool Distribution Amount) 12,895,276.61 Ending Balance 0.00

~~Bear Stearns~~PREPAYMENT/CURTAILMENT ~~Asset~~INTEREST ~~Backed~~SHORTFALL ~~Securities~~Total ~~I LLC, as depositor (the "Depositor") registered issuance of Asset Backed Certificates and~~Prepayment/orCurtailment ~~Asset-Backed~~Interest ~~Notes~~Shortfall ~~on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, as amended (the "Act"), by a registration statement on Form S-3 (Registration File No~~0.00 ~~113636)~~Servicing ~~(as~~Fee ~~amended,~~Support ~~the "Registration Statement")~~0.00 ~~Pursuant to the Registration Statement, the Depositor caused Irwin Whole Loan Home Home Equity Trust 2005~~Non-ASupported ~~(the~~Prepayment/Curtailment ~~"Issuer")~~Interest toShortfall ~~issue $343,682,000 principal amount of Home Equity Loan-Backed Notes, Series 2005-A (the "Notes"), on January 28, 2005~~0. 00

~~The Notes~~SERVICING ~~were~~FEES ~~issued~~Gross ~~pursuant~~Servicing toFee ~~an Indenture~~276,783.87 ~~dated~~Trustee asFee of691.96 ~~January~~Supported 1,Prepayment/Curtailment ~~2005,~~Interest ~~between the~~Shortfall ~~Issuer and Wells Fargo Bank, N~~0.A.00 ~~(the~~Net ~~"Indenture Trustee"), in conjunction with (i) a Sale and~~ Servicing ~~Agreement,~~Fee ~~dated as of January 1~~277, 2005, among the Depositor, Irwin Union Bank and Trust Company (the "Master Servicer" and "Originator"), the Issuer and the Indenture Trustee; and (ii) a Trust Agreement, dated as of January 1, 2005, between the Depositor and the Wilmington Trust Company (the "Owner Trustee")475. 83

~~Capitalized terms~~OTHER ~~not~~ACCOUNTS ~~defined~~Beginning ~~herein~~Current ~~have~~Current ~~the~~Ending ~~meanings~~Account ~~assigned~~Type inBalance ~~Appendix~~Withdrawals ADeposits ofBalance ~~the Indenture~~Financial ~~attached~~Guaranty ~~hereto~~0.00 as0.00 ~~Exhibit~~0.00 40.100 Reserve Fund 0.00 0.00 0.00 0.00

~~ITEM~~LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 30 0 0 30 1,342,240.59 0.00 0.00 1,342,240.59 30 Days 27 5 1 0 33 1,191,406.22 253,220.13 29,086.54 0.00 1,473,712.89 60 Days 12 7 1 0 20 560,604.04 332,227.25 55,770.08 0.00 948,601.37 90 Days 1 2 0 0 3 69,190.41 356,058.33 0.00 0.00 425,248.74 120 Days 5 3 1 0 9 265,699.0115 142,118.37 ~~Financial~~55,044.60 ~~Statements~~0.00 462,862.12 ~~Pro~~150 ~~Forma~~Days ~~Financial~~1 ~~Information~~2 ~~and~~4 ~~Exhibits~~0 7 113,450.77 112,417.26 220,129.73 0.00 445,997.76 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 46 49 7 0 102 2,200,350.59 2,538,281.93 360,030.95 0.00 5,098,663.47 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.478316% 0.000000% 0.000000% 0.478316% 0.416873% 0.000000% 0.000000% 0.416873% 30 Days 0.430485% 0.079719% 0.015944% 0.000000% 0.526148% 0.370027% 0.078645% 0.009034% 0.000000% 0.457706% 60 Days 0.191327% 0.111607% 0.015944% 0.000000% 0.318878% 0.174113% 0.103183% 0.017321% 0.000000% 0.294617% 90 Days 0.015944% 0.031888% 0.000000% 0.000000% 0.047832% 0.021489% 0.110585% 0.000000% 0.000000% 0.132074% 120 Days 0.079719% 0.047832% 0.015944% 0.000000% 0.143495% 0.082521% 0.044139% 0.017096% 0.000000% 0.143756% 150 Days 0.015944% 0.031888% 0.063776% 0.000000% 0.111607% 0.035236% 0.034915% 0.068368% 0.000000% 0.138518% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.733418% 0.781250% 0.111607% 0.000000% 1.626276% 0.683385% 0.788340% 0.111819% 0.000000% 1.583544%

~~(a)~~Delinquency ~~Not~~Status ~~applicable~~By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total HLTV No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 24 0 0 24 1,182,622.58 0.00 0.00 1,182,622.58 30 Days 22 5 1 0 28 1,038,622.64 253,220.13 29,086.54 0.00 1,320,929.31 60 Days 9 7 1 0 17 445,293.08 332,227.25 55,770.08 0.00 833,290.41 90 Days 1 1 0 0 2 69,190.41 58,985.87 0.00 0.00 128,176.28 120 Days 5 3 1 0 9 265,699.15 142,118.37 55,044.60 0.00 462,862.12 150 Days 1 2 4 0 7 113,450.77 112,417.26 220,129.73 0.00 445,997.76 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 38 42 7 0 87 1,932,256.05 2,081,591.46 360,030.95 0.00 4,373,878.46 0-29 Days 0.570071% 0.000000% 0.000000% 0.570071% 0.518871% 0.000000% 0.000000% 0.518871% 30 Days 0.522565% 0.118765% 0.023753% 0.000000% 0.665083% 0.455691% 0.111099% 0.012762% 0.000000% 0.579552% 60 Days 0.213777% 0.166271% 0.023753% 0.000000% 0.403800% 0.195370% 0.145763% 0.024469% 0.000000% 0.365603% 90 Days 0.023753% 0.023753% 0.000000% 0.000000% 0.047506% 0.030357% 0.025880% 0.000000% 0.000000% 0.056237% 120 Days 0.118765% 0.071259% 0.023753% 0.000000% 0.213777% 0.116574% 0.062354% 0.024151% 0.000000% 0.203079% 150 Days 0.023753% 0.047506% 0.095012% 0.000000% 0.166271% 0.049776% 0.049323% 0.096581% 0.000000% 0.195680% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.902613% 0.997625% 0.166271% 0.000000% 2.066508% 0.847769% 0.913289% 0.157962% 0.000000% 1.919021% DELINQUENT BANKRUPTCY FORECLOSURE REO Total HEL No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 6 0 0 6 159,618.01 0.00 0.00 159,618.01 30 Days 5 0 0 0 5 152,783.58 0.00 0.00 0.00 152,783.58 60 Days 3 0 0 0 3 115,310.96 0.00 0.00 0.00 115,310.96 90 Days 0 1 0 0 1 0.00 297,072.46 0.00 0.00 297,072.46 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8 7 0 0 15 268,094.54 456,690.47 0.00 0.00 724,785.01 0-29 Days 0.290980% 0.000000% 0.000000% 0.290980% 0.169706% 0.000000% 0.000000% 0.169706% 30 Days 0.242483% 0.000000% 0.000000% 0.000000% 0.242483% 0.162440% 0.000000% 0.000000% 0.000000% 0.162440% 60 Days 0.145490% 0.000000% 0.000000% 0.000000% 0.145490% 0.122599% 0.000000% 0.000000% 0.000000% 0.122599% 90 Days 0.000000% 0.048497% 0.000000% 0.000000% 0.048497% 0.000000% 0.315848% 0.000000% 0.000000% 0.315848% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.387973% 0.339476% 0.000000% 0.000000% 0.727449% 0.285039% 0.485554% 0.000000% 0.000000% 0.770593%

~~(b)~~OTHER ~~Not~~INFORMATION ~~applicable~~Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance (715.15)

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 9.788838% Weighted Average Net Coupon 8.872609% Weighted Average Pass-Through Rate 8.870109% Weighted Average Maturity(cStepdown Calculation ) ~~Exhibits:~~243 Beginning Scheduled Collateral Loan Count 6,463 Number Of Loans Paid In Full 191 Ending Scheduled Collateral Loan Count 6,272 Beginning Scheduled Collateral Balance 332,140,647.54 Ending Scheduled Collateral Balance 321,977,949.85 Ending Actual Collateral Balance at 29-Apr-2005 321,977,949.85 Monthly P &I Constant 2,815,679.70 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 82,447.55 Unscheduled Principal 10,080,250.14

4.Miscellaneous Reporting Excess Cash 1,287,160.45 ~~Indenture~~Overcollateralization 8,065,914.07 Overcollateralization Deficiency 8,035,846.49 Overcollateralization Funding Pct 5.0000% Overcollateralization Release 0.00 Original Collateral Balance 357,816,901.38 In Stepdown NO Target Overcollateralization 16,101,760.56

Group Level Collateral Statement Group HLTV HEL Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 11.029250 7.129293 9.788838 Weighted Average Net Rate 10.029250 6.129293 8.872609 Weighted Average Maturity 265 219 243 Beginning Loan Count 4,314 2,149 6,463 Loans Paid In Full 104 87 191 Ending Loan Count 4,210 2,062 6,272 Beginning Scheduled Balance 233,836,094.15 98,304,553.39 332,140,647.54 Ending scheduled Balance 227,922,437.01 94,055,512.84 321,977,949.85 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal And Interest Constant 2,175,224.82 ~~Sale~~640,454.88 ~~and~~2,815,679.70 Scheduled Principal 26,027.60 56,419.95 82,447.55 Unscheduled Principal 5,887,629.54 4,192,620.60 10,080,250.14 Scheduled Interest 2,149,197.22 584,034.93 2,733,232.15 Servicing ~~Agreement~~Fees 194,863.41 81,920.46 276,783.87 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 487.16 204.80 691.96 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,953,846.65 501,909.67 2,455,756.32 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 10.026750 6.126793 8.870109

~~4.3~~Irwin Whole Loan Home Equity Trust ~~Agreement~~2005-A Master Servicer Certificate Payment Date: May 25, 2005 Loss Summary HLTV HEL Total Current Liquidation Losses 0.00 0.00 Current Liquidation Losses 0.00 0.00 Total Current Liquidation Losses 0.00 0.00 0.00 Current Subsequent Recoveries 0.00 0.00 Current Subsequent Recoveries 0.00 0.00 Total 0.00 0.00 0.00 Current Net Liquidation Loss Amount 0.00 0.00 Current Net Liquidation Loss Amount 0.00 0.00 Total 0.00 0.00 0.00 12 Month Liquidation Loss Amount 0.00 0.00 12 Month Liquidation Loss Amount 0.00 0.00 Total 0.00 0.00 0.00 12 Month Subsequent Recoveries 0.00 0.00 12 Month Subsequent Recoveries 0.00 0.00 Total 0.00 0.00 0.00 12 Month Net Liquidation Loss Amount 0.00 0.00 12 Month Net Liquidation Loss Amount 0.00 0.00 Total 0.00 0.00 0.00 Aggregate Liquidation Loss Amount 0.00 0.00 Aggregate Liquidation Loss Amount 0.00 0.00 Total 0.00 0.00 0.00 Aggregate Subsequent Recoveries 0.00 0.00 Aggregate Subsequent Recoveries 0.00 0.00 Total 0.00 0.00 0.00 Net Aggregate Liquidation Loss Amount 0.00 0.00 Net Aggregate Liquidation Loss Amount 0.00 0.00 Total 0.00 0.00 0.00 Overcollateralization Summary Total Beginning Overcollateralization Amount 8,065,914.07 Overcollateralization Increase Amount 1,287,160.45 Overcollateralization Release Amount 0.00 Ending Overcollateralization Amount 9,353,074.52 Annualized Group I Loss Percentage 0.00% Rolling 12-Month Loss Percentage 0.00% Cumlative Liquidation Loss Percentage 0.00% Loss Test Targets: Collection Periods 37 to 48 9.0000% Collection Periods 49 to 60 11.7500% Collection Periods 61 to 72 13.2500% Collection Periods 73+ 13.9000% Loss Test Satisfiesd? Yes Senior Enhancement Percentage 23.3502% Delinquency Test Satisfied? Yes Overcollateralization Targets Total Initial Target (% of Initial Principal Balance) 16,101,760.56 Step-down Target (% of Current Balance) 9.00% Step-down Date 2/25/2008 Rapid Amortization Event: No Servicing Default: No

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.

Date: February 4, 2005 BEAR STEARNS ASSET BACKED SECURITIES I LLC By: /s/ Jonathan Lieberman Name: Jonathan Lieberman Title: Senior Managing Director

INDEX TO EXHIBITS

Exhibit No. Description

4.1 4.2 4.3 Indenture Sale and Servicing Agreement Trust Agreement

Filing Compare · Irwin Whole Loan Home Equity Trust 2005-A