8-K 1 own05002_10506.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): June 27, 2005 OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121605-06 54-2173158 Pooling and Servicing Agreement) (Commission 54-2173159 (State or other File Number) 54-6658793 jurisdiction 54-6658794 of Incorporation) IRS EIN 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 June 27, 2005 a distribution was made to holders of OWNIT MORTGAGE LOAN TRUST, Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust, relating to the June 27, 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. OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 6/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-2 Trust, relating to the June 27, 2005 distribution. EX-99.1

~~Item~~OwnIt ~~601(a)~~Mortgage ofLoan ~~Regulation~~Trust SMortgage Loan Asset-KBacked ~~Exhibit~~Certificates ~~No.~~Record ~~Description~~Date: 5/31/2005 Distribution Date: 6/27/2005 OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Series OWNIT Mortgage Loan 2005-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution R 691215BJ5 RES 3.10625% 0.00 0.00 A-1-A 691215AS6 SEN 3.30500% 514,853,723.39 1,559,603.70 A-1--B 691215AT4 SEN 3.35500% 128,713,925.82 395,801.10 A-2-A 691215AU1 SEN 3.20000% 130,613,948.17 383,087.93 A-2-B 691215AV9 SEN 3.29000% 113,651,000.00 342,711.04 A-2-C 691215AW7 SEN 3.39000% 24,491,000.00 76,096.58 M-1 691215AX5 MEZ 3.51000% 42,925,000.00 138,094.49 M-2 691215AY3 MEZ 3.54000% 37,633,000.00 122,104.32 M-3 691215AZ0 MEZ 3.56000% 22,932,000.00 74,825.71 M--4 10691215BA4 ~~Subsequent~~MEZ ~~Transfer~~3.71000% ~~Instrument~~21,756,000.00 ~~(without~~73,979.59 ~~attachments)~~M-5 ~~dated~~691215BB2 asMEZ of3.73000% ~~June~~19,404,000.00 1366,337.49 ~~2005~~M-6 ~~between~~691215BC0 ~~Merrill~~MEZ ~~Lynch~~3.77000% ~~Mortgage~~19,404,000.00 ~~Investors~~67,048.88 ~~Inc~~B-1 691215BD8 SUB 4.29000% 16,464,000.00 as64,736.85 ~~seller~~B-2 ~~and~~691215BE6 ~~HSBC~~SUB ~~Bank~~4.44000% ~~USA~~15,288,000.00 N62,214.A64 B-3 691215BF3 SUB 5.09000% 12,936,000.00 as60,349.92 ~~Trustee~~B-4 691215BG1 SUB 5.84000% 998,232,000.00 ~~Mortgage~~44,063.50 ~~Loan~~B-5 ~~Characteristics~~691215BH9 SUB 5.84000% 11,760,000.00 ~~revised~~62,947.86 toC ~~include~~691215BK2 ~~the~~SEN ~~Subsequent~~0.00000% ~~Mortgage~~25,284,820.89 ~~Loans~~2,616,381.33 ~~transferred~~P ~~pursuant~~691215BL0 toSEN ~~the~~0.00000% ~~Subsequent~~0.01 ~~Transfer~~212,864.34 ~~Instrument~~Totals 1,166,342,418.28 6,423,249.27

~~Exhibit~~Certificateholder NoDistribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses R 0.00 ~~Description~~0.00 0.00 0.00 0.00 A-1-A 4,095,646.97 0.00 510,758,076.41 5,655,250.67 0.00 A-1-B 1,023,915.68 0.00 127,690,010.14 1,419,716.78 0.00 A-2-A 4,368,914.71 0.00 126,245,033.46 4,752,002.64 0.00 A-2-B 0.00 0.00 113,651,000.00 342,711.04 0.00 A-2-C 0.00 0.00 24,491,000.00 76,096.58 0.00 M-1 0.00 0.00 42,925,000.00 138,094.49 0.00 M-2 0.00 0.00 37,633,000.00 122,104.32 0.00 M-3 0.00 0.00 22,932,000.00 74,825.71 0.00 M-4 0.00 0.00 21,756,000.00 73,979.59 0.00 M-~~-------~~5 100.00 ~~Subsequent~~0.00 ~~Transfer~~19,404,000.00 ~~Instrument~~66,337.49 ~~(without~~0.00 ~~attachments)~~M-6 ~~dated~~0.00 as0.00 of19,404,000.00 ~~June~~67,048.88 130.00 B-1 0.00 0.00 16,464,000.00 ~~2005~~64,736.85 ~~between~~0.00 ~~Merrill~~B-2 ~~Lynch~~0.00 ~~Mortgage~~0.00 ~~Investors~~15,288,000.00 ~~Inc~~62,214.64 0.00 B-3 0.00 0.00 12,936,000.00 as60,349.92 ~~seller~~0.00 ~~(the~~B-4 ~~"Depositor")~~0.00 ~~and~~0.00 ~~HSBC~~8,232,000.00 ~~Bank~~44,063.50 ~~USA~~0.00 B-5 0.00 0.00 11,760,000.00 N62,947.A86 0.00 C 0.00 0.00 25,284,820.89 as2,616,381.33 ~~Trustee~~0.00 99P ~~Mortgage~~0.00 ~~Loan~~0.00 ~~Characteristics~~0.01 212,864.34 ~~revised~~0.00 toTotals ~~include~~9,488,477.36 0.00 1,156,853,940.91 15,911,726.63 0.00 All distributions required by the ~~Subsequent~~Pooling ~~Mortgage~~and ~~Loans~~Servicing ~~transferred~~Agreement ~~pursuant~~have tobeen calculated by the ~~Subsequent~~Certificate ~~Transfer~~Administrator ~~Instrument~~on behalf of the Trustee.

Delinquency Status By Groups

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