8-K 1 opt05002_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 OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2005-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-06 Pooling and Servicing Agreement) (Commission 54-2175580 (State or other File Number) 54-2175581 jurisdiction 54-2175582 of Incorporation) 54-2175583 54-2175584 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 OPTION ONE MORTGAGE LOAN TRUST, 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 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. OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2005-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee 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 Asset Backed Certificates, Series 2005-2 Trust, relating to the June 27, 2005 distribution. EX-99.1

~~SECURITIES~~Option ~~AND~~One ~~EXCHANGE~~Mortgage ~~COMMISSION~~Loan Trust Asset Backed Certificates Record Date: 5/31/2005 Distribution Date: 6/27/2005 Option One Mortgage Loan Trust Asset Backed Certificates Series 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 A-1A 68389FGU2 SEN 3.31000% 595,350,000.00 2,901,173.63 A-1B 68389FGV0 SEN 3.36000% 66,150,000.00 327,222.00 A-2 68389FGW8 SEN 3.17000% 118,360,000.00 552,379.54 A-3 68389FGX6 SEN 3.22000% 80,410,000.00 381,188.07 A-4 68389FGY4 SEN 3.31000% 111,610,000.00 543,881.73 A-5 68389FGZ1 SEN 3.42000% 43,920,000.00 221,137.20 A-6 68389FHA5 SEN 3.39000% 22,800,000.00 113,791.00 M-1 68389FHB3 MEZ 3.53000% 61,200,000.00 318,053.00 M-2 68389FHC1 MEZ 3.58000% 20,400,000.00 107,519.33 M-3 68389FHD9 MEZ 3.67000% 15,000,000.00 81,045.83 M-4 68389FHE7 MEZ 3.78000% 15,000,000.00 83,475.00 M-5 68389FHF4 MEZ 3.99000% 10,800,000.00 63,441.00 M-6 68389FHG2 MEZ 4.09000% 7,200,000.00 43,354.00 M-7 68389FHH0 MEZ 4.84000% 15,000,000.00 106,883.33 M-8 68389FHJ6 MEZ 6.34000% 6,000,000.00 56,003.33 M-9 68389FHK3 MEZ 6.34000% 3,000,000.00 28,001.67 RX OPTION052RX RES 0.00000% 0.00 0.00 C OOHE0502C OC 0.00000% 7,999,900.00 465,527.78 P OPTION052P Pre Pay 0.00000% 100.00 439,804.94 R-1 OPTION052R RES 0.00000% 0.00 0.00 Totals 1,200,200,000.00 6,833,882.38

~~WASHINGTON~~Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 16,782,425.83 D0.00 578,567,574.17 19,683,599.46 0.00 A-1B 1,864,713.98 0.00 64,285,286.02 2,191,935.98 0.00 A-2 11,695,578.21 0.00 106,664,421.79 12,247,957.75 0.00 A-3 0.00 0.00 80,410,000.00 381,188.07 0.00 A-4 0.00 0.00 111,610,000.00 543,881.73 0.00 A-5 0.00 0.00 43,920,000.00 221,137.20 0.00 A-6 0.00 0.00 22,800,000.00 113,791.00 0.00 M-1 0.00 0.00 61,200,000.00 318,053.00 0.00 M-2 0.00 0.00 20,400,000.00 107,519.33 0.00 M-3 0.00 0.00 15,000,000.00 81,045.83 0.00 M-4 0.00 0.00 15,000,000.00 83,475.00 0.00 M-5 0.00 0.00 10,800,000.00 63,441.00 0.00 M-6 0.00 0.00 7,200,000.00 43,354.00 0.00 M-7 0.00 0.00 15,000,000.00 106,883.33 0.00 M-8 0.00 0.00 6,000,000.00 56,003.33 0.00 M-9 0.00 0.00 3,000,000.00 28,001.67 0.00 RX 0.00 0.00 0.00 0.00 0.00 C 0.00 ~~20549~~0.00 7,799,999.99 465,527.78 0.00 P 0.00 0.00 100.00 439,804.94 0.00 R-1 0.00 0.00 0.00 0.00 0.00 Totals 30,342,718.02 0.00 1,169,657,381.97 37,176,600.40 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-1A 595,350,000.00 595,350,000.00 0.00 16,782,425.83 0.00 0.00 A-1B 66,150,000.00 66,150,000.00 0.00 1,864,713.98 0.00 0.00 A-2 118,360,000.00 118,360,000.00 0.00 11,695,578.21 0.00 0.00 A-3 80,410,000.00 80,410,000.00 0.00 0.00 0.00 0.00 A-4 111,610,000.00 111,610,000.00 0.00 0.00 0.00 0.00 A-5 43,920,000.00 43,920,000.00 0.00 0.00 0.00 0.00 A-6 22,800,000.00 22,800,000.00 0.00 0.00 0.00 0.00 M-1 61,200,000.00 61,200,000.00 0.00 0.00 0.00 0.00 M-2 20,400,000.00 20,400,000.00 0.00 0.00 0.00 0.00 M-3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 M-4 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 M-5 10,800,000.00 10,800,000.00 0.00 0.00 0.00 0.00 M-6 7,200,000.00 7,200,000.00 0.00 0.00 0.00 0.00 M-7 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 M-8 6,000,000.00 6,000,000.00 0.00 0.00 0.00 0.00 M-K9 3,000,000.00 3,000,000.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 0.00 C 7,999,900.00 7,999,900.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,200,200,000.00 1,200,200,000.00 0.00 30,342,718.02 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~~Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1A 16,782,425.83 578,567,574.17 0.97181082 16,782,425.83 A-1B 1,864,713.98 64,285,286.02 0.97181082 1,864,713.98 A-2 11,695,578.21 106,664,421.79 0.90118640 11,695,578.21 A-3 0.00 80,410,000.00 1.00000000 0.00 A-4 0.00 111,610,000.00 1.00000000 0.00 A-5 0.00 43,920,000.00 1.00000000 0.00 A-6 0.00 22,800,000.00 1.00000000 0.00 M-1 0.00 61,200,000.00 1.00000000 0.00 M-2 0.00 20,400,000.00 1.00000000 0.00 M-3 0.00 15,000,000.00 1.00000000 0.00 M-4 0.00 15,000,000.00 1.00000000 0.00 M-5 0.00 10,800,000.00 1.00000000 0.00 M-6 0.00 7,200,000.00 1.00000000 0.00 M-7 0.00 15,000,000.00 1.00000000 0.00 M-8 0.00 6,000,000.00 1.00000000 0.00 M-9 0.00 3,000,000.00 1.00000000 0.00 RX 0.00 0.00 0.00000000 0.00 C 0.00 7,799,999.99 0.97501219 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 Totals 30,342,718.02 1,169,657,381.97 0.97455206 30,342,718.02

~~Pursuant~~Principal toDistribution ~~Section~~Factors 13Statement orOriginal Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 595,350,000.00 1000.00000000 0.00000000 28.18917583 0.00000000 A-1B 66,150,000.00 1000.00000000 0.00000000 28.18917581 0.00000000 A-2 118,360,000.00 1000.00000000 0.00000000 98.81360434 0.00000000 A-3 80,410,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 111,610,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 43,920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 22,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 61,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 20,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 10,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 7,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 6,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 3,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C 7,999,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (d2) ofAll ~~the~~classes are per 1,000 denomination

~~SECURITIES~~Principal ~~EXCHANGE~~Distribution ~~ACT~~Factors OFStatement ~~1934~~(continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1A 0.00000000 28.18917583 971.81082417 0.97181082 28.18917583 A-1B 0.00000000 28.18917581 971.81082419 0.97181082 28.18917581 A-2 0.00000000 98.81360434 901.18639566 0.90118640 98.81360434 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 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 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 975.01218640 0.97501219 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 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.

~~DATE~~Interest OFDistribution ~~REPORT~~Statement ~~(DATE~~Beginning OFPayment ~~EARLIEST~~of ~~EVENT~~Original ~~REPORTED):~~Current ~~MAY~~Certificate/ 25Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1A 595,350,000.00 ~~2005~~3.31000% 595,350,000.00 2,901,173.63 0.00 0.00 A-1B 66,150,000.00 3.36000% 66,150,000.00 327,222.00 0.00 0.00 A-2 118,360,000.00 3.17000% 118,360,000.00 552,379.54 0.00 0.00 A-3 80,410,000.00 3.22000% 80,410,000.00 381,188.07 0.00 0.00 A-4 111,610,000.00 3.31000% 111,610,000.00 543,881.73 0.00 0.00 A-5 43,920,000.00 3.42000% 43,920,000.00 221,137.20 0.00 0.00 A-6 22,800,000.00 3.39000% 22,800,000.00 113,791.00 0.00 0.00 M-1 61,200,000.00 3.53000% 61,200,000.00 318,053.00 0.00 0.00 M-2 20,400,000.00 3.58000% 20,400,000.00 107,519.33 0.00 0.00 M-3 15,000,000.00 3.67000% 15,000,000.00 81,045.83 0.00 0.00 M-4 15,000,000.00 3.78000% 15,000,000.00 83,475.00 0.00 0.00 M-5 10,800,000.00 3.99000% 10,800,000.00 63,441.00 0.00 0.00 M-6 7,200,000.00 4.09000% 7,200,000.00 43,354.00 0.00 0.00 M-7 15,000,000.00 4.84000% 15,000,000.00 106,883.33 0.00 0.00 M-8 6,000,000.00 6.34000% 6,000,000.00 56,003.33 0.00 0.00 M-9 3,000,000.00 6.34000% 3,000,000.00 28,001.67 0.00 0.00 RX 0.00 0.00000% 0.00 0.00 0.00 0.00 C 7,999,900.00 0.00000% 7,999,900.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,200,200,000.00 5,928,549.66 0.00 0.00

~~OPTION~~Interest ~~ONE~~Distribution ~~MORTGAGE~~Statement ~~ACCEPTANCE~~(continued) ~~CORPORATION~~Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1A 0.00 0.00 2,901,173.63 0.00 578,567,574.17 A-1B 0.00 0.00 327,222.00 0.00 64,285,286.02 A-2 0.00 0.00 552,379.54 0.00 106,664,421.79 A-3 0.00 0.00 381,188.07 0.00 80,410,000.00 A-4 0.00 0.00 543,881.73 0.00 111,610,000.00 A-5 0.00 0.00 221,137.20 0.00 43,920,000.00 A-6 0.00 0.00 113,791.00 0.00 22,800,000.00 M-1 0.00 0.00 318,053.00 0.00 61,200,000.00 M-2 0.00 0.00 107,519.33 0.00 20,400,000.00 M-3 0.00 0.00 81,045.83 0.00 15,000,000.00 M-4 0.00 0.00 83,475.00 0.00 15,000,000.00 M-5 0.00 0.00 63,441.00 0.00 10,800,000.00 M-6 0.00 0.00 43,354.00 0.00 7,200,000.00 M-7 0.00 0.00 106,883.33 0.00 15,000,000.00 M-8 0.00 0.00 56,003.33 0.00 6,000,000.00 M-9 0.00 0.00 28,001.67 0.00 3,000,000.00 RX 0.00 0.00 0.00 0.00 0.00 C 0.00 0.00 465,527.78 0.00 7,799,999.99 P 0.00 0.00 439,804.94 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,833,882.38 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.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (as5) ~~depositor~~Amount ~~under~~Rate ~~the~~Balance ~~Pooling~~Interest ~~and~~Shortfall ~~Servicing~~Shortfall ~~Agreement~~A-1A 595,350,000.00 3.31000% 1000.00000000 4.87305556 0.00000000 0.00000000 A-1B 66,150,000.00 3.36000% 1000.00000000 4.94666667 0.00000000 0.00000000 A-2 118,360,000.00 3.17000% 1000.00000000 4.66694441 0.00000000 0.00000000 A-3 80,410,000.00 3.22000% 1000.00000000 4.74055553 0.00000000 0.00000000 A-4 111,610,000.00 3.31000% 1000.00000000 4.87305555 0.00000000 0.00000000 A-5 43,920,000.00 3.42000% 1000.00000000 5.03500000 0.00000000 0.00000000 A-6 22,800,000.00 3.39000% 1000.00000000 4.99083333 0.00000000 0.00000000 M-1 61,200,000.00 3.53000% 1000.00000000 5.19694444 0.00000000 0.00000000 M-2 20,400,000.00 3.58000% 1000.00000000 5.27055539 0.00000000 0.00000000 M-3 15,000,000.00 3.67000% 1000.00000000 5.40305533 0.00000000 0.00000000 M-4 15,000,000.00 3.78000% 1000.00000000 5.56500000 0.00000000 0.00000000 M-5 10,800,000.00 3.99000% 1000.00000000 5.87416667 0.00000000 0.00000000 M-6 7,200,000.00 4.09000% 1000.00000000 6.02138889 0.00000000 0.00000000 M-7 15,000,000.00 4.84000% 1000.00000000 7.12555533 0.00000000 0.00000000 M-8 6,000,000.00 6.34000% 1000.00000000 9.33388833 0.00000000 0.00000000 M-9 3,000,000.00 6.34000% 1000.00000000 9.33389000 0.00000000 0.00000000 RX 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 7,999,900.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per 1,000 denomination

~~dated~~Interest asDistribution ofFactors ~~May~~Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1A 0.00000000 0.00000000 4.87305556 0.00000000 971.81082417 A-1B 0.00000000 0.00000000 4.94666667 0.00000000 971.81082419 A-2 0.00000000 0.00000000 4.66694441 0.00000000 901.18639566 A-3 0.00000000 0.00000000 4.74055553 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 4.87305555 0.00000000 1000.00000000 A-5 0.00000000 0.00000000 5.03500000 0.00000000 1000.00000000 A-6 0.00000000 0.00000000 4.99083333 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 5.19694444 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 5.27055539 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 5.40305533 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 5.56500000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.87416667 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 6.02138889 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 7.12555533 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 9.33388833 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 9.33389000 0.00000000 1000.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00000000 0.00000000 58.19169990 0.00000000 975.01218640 P 0.00000000 0.00000000 4398049.40000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~2005~~Bankruptcy,or ~~providing~~Fraud ~~for~~Losses Unless Otherwise Disclosed. Please Refer to the ~~issuance~~Prospectus ofSupplement for a Full Description.

~~Asset~~CERTIFICATEHOLDER ~~Backed~~ACCOUNT ~~Certificates~~STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 37,709,813.67 ~~Series~~Liquidations, ~~2005-2~~Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 439,804.94 Total Deposits 38,149,618.61 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 973,018.21 Payment of Interest and Principal 37,176,600.40 Total Withdrawals (Pool Distribution Amount) 38,149,618.61 Ending Balance 0.00

~~Option~~PREPAYMENT/CURTAILMENT ~~One~~INTEREST ~~Mortgage~~SHORTFALL ~~Acceptance~~Total ~~Corporation~~Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING ~~(EXACT~~FEES ~~NAME~~Gross OFServicing ~~REGISTRANT~~Fee AS299,996.37 ~~SPECIFIED~~PMI INMortgage ~~ITS~~Company ~~CHARTER)~~670,021.88 Trustee Fee 2,999.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 973,018.21

Delaware	333-104020	33-0727357
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
3 Ada Irvine, California		92618
(Address of Principal Executive Offices)		(Zip Code)
Registrant's telephone number, including area code: (949) 790-8100

~~Check~~LOAN ~~the~~STATUS ~~appropriate~~STRATIFICATION/CREDIT ~~box~~ENHANCEMENT ~~below~~STATEMENT ifDELINQUENT ~~the~~BANKRUPTCY ~~Form~~FORECLOSURE 8REO 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-K29 ~~filing~~Days is0 ~~intended~~0 to0 ~~simultaneously~~0 ~~satisfy~~0.00 ~~the~~0.00 ~~filing~~0.00 ~~obligation~~0.00 30 Days 4 0 0 0 4 603,361.43 0.00 0.00 0.00 603,361.43 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 4 0 0 0 4 603,361.43 0.00 0.00 0.00 603,361.43 No of ~~the~~Loans ~~registrant~~No ~~under~~of ~~any~~Loans No of ~~the~~Loans ~~following~~No ~~provisions~~of ~~(see~~Loans ~~General~~No ~~(Instructions~~of ALoans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.2000000% 0.000000% ~~below):~~0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.062873% 0.000000% 0.000000% 0.000000% 0.062873% 0.051577% 0.000000% 0.000000% 0.000000% 0.051577% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.062873% 0.000000% 0.000000% 0.000000% 0.062873% 0.051577% 0.000000% 0.000000% 0.000000% 0.051577%

oOTHER ~~Written~~INFORMATION ~~communications~~Current ~~pursuant~~Period toClass ~~Rule~~A ~~425~~Insufficient ~~under~~Funds ~~the~~0.00 ~~Securities~~Principal ~~Act~~Balance ~~(17~~of ~~CFR~~Contaminated ~~230~~Properties 0.~~425)~~00 Periodic Advance 4,014.72

oSUBORDINATION ~~Soliciting~~LEVEL/CREDIT ~~material~~ENHANCEMENT/CLASS ~~pursuant~~PERCENTAGE toAND ~~Rule~~PREPAYMENT ~~14a~~PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class M-~~12(b)~~1 ~~under~~100,400,000.00 ~~the~~8.36527245% ~~Exchange~~100,200,099.99 ~~Act~~8.56661972% ~~(17~~5.232301% ~~CFR~~0.000000% ~~240~~Class M-2 80,000,000.~~14a~~00 6.66555574% 79,800,099.99 6.82251925% 1.744100% 0.000000% Class M-~~12(b))~~3 65,000,000.00 5.41576404% 64,800,099.99 5.54009242% 1.282427% 0.000000% Class M-4 50,000,000.00 4.16597234% 49,800,099.99 4.25766560% 1.282427% 0.000000% Class C 100.00 0.00000833% 100.00 0.00000855% 0.666862% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000009% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

oCOLLATERAL ~~Pre-commencement~~STATEMENT ~~communications~~Collateral ~~pursuant~~Description toMixed ~~Rule~~Fixed ~~14d~~& Arm Weighted Average Gross Coupon 7.367285% Weighted Average Net Coupon 7.067338% Weighted Average Pass-2Through Rate 6.394255% Weighted Average Maturity(bStepdown Calculation) ~~under~~1 ~~the~~Beginning ~~Exchange~~Scheduled ~~Act~~Collateral ~~(17~~Loan ~~CFR~~Count ~~240~~6,492 Number Of Loans Paid In Full 130 Ending Scheduled Collateral Loan Count 6,362 Beginning Scheduled Collateral Balance 1,200,200,000.~~14d~~00 Ending Scheduled Collateral Balance 1,169,657,381.97 Ending Actual Collateral Balance at 31-~~2(b))~~May-2005 1,169,818,395.91 Monthly P&I Constant 8,108,829.48 Special Servicing Fee 0.00 Prepayment Penalties 439,804.94 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 741,633.81 Unscheduled Principal 29,586,462.58

oMiscellaneous ~~Pre-commencement~~Reporting ~~communications~~General ~~pursuant~~Excess toAvailable ~~Rule~~Amt ~~13e-4(c)~~544,176.68 ~~under~~Extra ~~the~~Principal ~~Exchange~~Distribution ~~Act~~Amt ~~(17~~99.99 ~~CFR~~Overcollateralization ~~240~~Amt 7,799,999.~~13e-4(c))~~99 Overcollateralization Defecit Amt 99.99 Stepdown NO Trigger Event NO

~~Section~~Group Level Collateral Statement Group Group 1 Group 2 -Group ~~Completion~~3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.634987 7.469035 7.834953 Weighted Average Net Rate 7.334987 7.169035 7.534953 Weighted Average Maturity 344 356 351 Beginning Loan Count 1,065 4,015 247 Loans Paid In Full 14 81 5 Ending Loan Count 1,051 3,934 242 Beginning Scheduled Balance 147,903,831.24 633,505,739.67 47,274,543.90 Ending Scheduled Balance 145,718,766.79 617,057,833.39 46,608,347.98 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 1,072,291.67 4,344,810.23 343,554.58 Scheduled Principal 131,255.13 401,746.33 34,893.04 Unscheduled Principal 2,053,809.32 16,046,159.95 631,302.88 Scheduled Interest 941,036.54 3,943,063.90 308,661.54 Servicing Fees 36,975.96 158,376.43 11,818.64 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 369.76 1,583.76 118.19 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 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 84,762.01 394,212.63 19,137.80 Net Interest 818,928.81 3,388,891.08 277,586.91 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of ~~Financial~~Cumulative ~~Information~~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 6.644281 6.419309 7.046166

~~Item~~Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.027500 7.367285 Weighted Average Net Rate 6.727500 7.067338 Weighted Average Maturity 356 1 Beginning Loan Count 1,165 6,492 Loans Paid In Full 30 130 Ending Loan Count 1,135 6,362 Beginning Scheduled Balance 371,301,363.55 1,199,985,478.36 Ending scheduled Balance 360,272,433.81 1,169,657,381.97 Record Date 05/31/2005 05/31/2005 Principal And Interest Constant 2,348,173.0100 ~~Acquisition~~8,108,829.48 orScheduled ~~Disposition~~Principal 173,739.31 741,633.81 Unscheduled Principal 10,855,190.43 29,586,462.58 Scheduled Interest 2,174,433.69 7,367,195.67 Servicing Fees 92,825.34 299,996.37 Master Servicing Fees 0.00 0.00 Trustee Fee 928.25 2,999.96 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 171,909.44 670,021.88 Net Interest 1,908,770.66 6,394,177.46 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of ~~Assets~~Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.168910 6.394255

On May 5, 2005, a single series of certificates, entitled Option One Mortgage Loan Trust, Asset-Backed Certificates, Series 2005-2 (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of May 1, 2005 (the “Agreement”), among Option One Mortgage Acceptance Corporation as depositor (the “Depositor”), Option One Mortgage Corporation (“Option One”) as master servicer (in such capacity, the “Master Servicer”) and Wells Fargo Bank, N.A. as trustee (the “Trustee”).

On May 5, 2005, following the closing of the initial issuance of the Certificates, the Trustee purchased from the Depositor certain Subsequent Mortgage Loans, as defined in the Agreement with an aggregate principal balance equal to approximately $209,996,027.91 with funds on deposit in the Group I Pre-Funding Account (the “Group I Pre-Funding Account”) and the Group II Pre-Funding Account (the “Group II Pre-Funding Account,” together with the Group I Pre-Funding Account, the “Pre-Funding Accounts”) both established pursuant to the Agreement at a purchase price equal to the principal balance thereof, which Subsequent Mortgage Loans were conveyed to the Trustee pursuant to the Subsequent Transfer Instrument, dated May 25, 2005, between the Depositor and the Trustee (the “Instrument”). Attached to the Instrument are additional terms of the sale of the Mortgage Loans that are the subject of such Instrument.

Section 8 - Other Events

Item 8.01 Other Events

Description of the Mortgage Pool

The Certificates, issued pursuant to the Agreement, evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting primarily of a segregated pool (the “Mortgage Pool”) of conventional, one- to four- family, first and second lien adjustable-rate and fixed-rate mortgage loans having original terms to maturity of not greater than 30 years (the “Mortgage Loans”). As of the end of the Funding Period, the Trust Fund primarily consisted of the Mortgage Pool, which consisted of Group I Mortgage Loans having an aggregate principal balance of approximately $781,409,570.91 and of Group II Mortgage Loans having an aggregate principal balance of approximately $418,575,907.45.

As more fully described above, on May 25, 2005, the Depositor purchased the Subsequent Mortgage Loans with the funds on deposit in the Pre-Funding Accounts.

Section 9 - Financial Statements and Exhibits

Item 9.01	Financial Statements and Exhibits
		(a)	Not applicable
		(b)	Not applicable
		(c)	Exhibits

Exhibit No.	Item 601(a) of Regulation SK Exhibit No.	Description
1	4.2	Subsequent Transfer Instrument, dated as of May 25, 2005, between Option One Mortgage Acceptance Corporation as seller and Wells Fargo Bank, N.A., as trustee.
2	99.1	Characteristics of the Mortgage Pool relating to Option One Mortgage Loan Trust 2005-2, Asset Backed Certificates, Series 2005-2.

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 the undersigned thereunto duly authorized.

Dated: May 25, 2005

OPTION ONE MORTGAGE ACCEPTANCE CORPORATION By: /s/ David S. Wells Name: David S. Wells Title: Assistant Secretary

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.2	Subsequent Transfer Instrument, dated as May 25, 2005, between Option One Mortgage Acceptance Corporation as seller and Wells Fargo Bank, N.A., as trustee.
99.1	Characteristics of the Mortgage Pool relating to Option One Mortgage Acceptance Corporation, Asset-Backed Certificates, Series 2005-2.

Filing Compare · OPTION ONE MORTGAGE LOAN TRUST 2005-2