8-K 1 dal05003_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 DEUTSCHE ALT-A SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100676-07 Pooling and Servicing Agreement) (Commission 54-2175520 (State or other File Number) 54-2175521 jurisdiction 54-2175522 of Incorporation) 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 DEUTSCHE ALT-A SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-3 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. DEUTSCHE ALT-A SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/5/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-3 Trust, relating to the June 27, 2005 distribution. EX-99.1

~~UNITED~~DEUTSCHE ~~STATES~~ALT-A SECURITIES INC Mortgage Pass-Through Certificates Record Date: 5/31/05 Distribution Date: 6/27/05 DEUTSCHE ALT-A SECURITIES INC Mortgage Pass-Through Certificates Series 2005-3 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 I-A-I 251510EA7 SEN 5.42190% 28,303,500.00 127,882.29 II-A-1 251510EB5 SEN 5.54620% 27,354,500.00 126,427.94 III-A-1 251510EC3 SEN 3.59063% 18,275,300.00 54,683.20 III-A-2 251510ED1 SEN 2.50103% 0.00 38,089.25 III-A-3 251510EE9 SEN 6.09166% 2,030,600.00 10,308.11 IV-A-1 251510EF6 SEN 3.29063% 170,000,000.00 466,172.58 IV-A-2 251510EG4 SEN 1.95937% 0.00 277,577.42 IV-A-3 251510EH2 SEN 5.25000% 35,770,000.00 156,493.75 IV-A-4 251510EJ8 SEN 5.25000% 60,537,000.00 264,849.38 IV-A-5 251510EK5 SEN 5.25000% 72,874,000.00 318,823.75 IV-A-6 251510EL3 SEN 5.25000% 14,680,500.00 64,227.19 IV-A-7 251510EW9 SEN 5.25000% 3,853,000.00 16,856.88 IV-A-PO 251510EN9 SEN 0.00000% 323,614.15 0.00 V-A-1 251510EP4 SEN 3.39063% 38,371,400.00 108,419.35 V-A-2 251510EQ2 SEN 2.78708% 0.00 89,120.09 V-A-3 251510ER0 SEN 6.17771% 4,263,500.00 21,948.88 M 251510ET6 SUB 5.40332% 13,690,700.00 61,646.09 B-1 251510EU3 SUB 5.40332% 6,338,300.00 28,539.91 B-2 251510EV1 SUB 5.40332% 3,549,400.00 15,982.14 B-3 251510EY5 SUB 5.40332% 2,028,200.00 9,132.52 B-4 251510EZ2 SUB 5.40332% 1,521,200.00 6,849.62 B-5 251510FA6 SUB 5.40332% 3,295,959.73 14,840.95 IV-A-X 251510EM1 SEN 5.25000% 0.00 220,077.67 P 251510EX7 SEN 0.00000% 100.00 2,221.52 R 251510ES8 SEN 5.57084% 100.00 4,830.49 Totals 507,060,873.88 2,506,000.97

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~(continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-I 103,178.26 0.00 28,200,321.74 231,060.55 0.00 II-A-1 269,342.89 0.00 27,085,157.11 395,770.83 0.00 III-A-1 157,282.28 0.00 18,118,017.72 211,965.48 0.00 III-A-2 0.00 0.00 0.00 38,089.25 0.00 III-A-3 0.00 0.00 2,030,600.00 10,308.11 0.00 IV-A-1 3,677,043.49 0.00 166,322,956.51 4,143,216.07 0.00 IV-A-2 0.00 0.00 0.00 277,577.42 0.00 IV-A-3 (156,493.75) 0.00 35,926,493.75 0.00 0.00 IV-A-4 0.00 0.00 60,537,000.00 264,849.38 0.00 IV-A-5 0.00 0.00 72,874,000.00 318,823.75 0.00 IV-A-6 (64,227.19) 0.00 14,744,727.19 0.00 0.00 IV-A-7 0.00 0.00 3,853,000.00 16,856.88 0.00 IV-A-PO 410.86 0.00 323,203.29 410.86 0.00 V-A-1 1,877,887.07 0.00 36,493,512.93 1,986,306.42 0.00 V-A-2 0.00 0.00 0.00 89,120.09 0.00 V-A-3 0.00 0.00 4,263,500.00 21,948.88 0.00 M 17,050.56 0.00 13,673,649.44 78,696.65 0.00 B-1 7,893.79 0.00 6,330,406.21 36,433.70 0.00 B-2 4,420.46 0.00 3,544,979.54 20,402.60 0.00 B-3 2,525.94 0.00 2,025,674.06 11,658.46 0.00 B-4 1,894.52 0.00 1,519,305.48 8,744.14 0.00 B-5 4,104.83 0.00 3,291,854.90 18,945.78 0.00 IV-A-X 0.00 0.00 0.00 220,077.67 0.00 P 0.00 0.00 100.00 2,221.52 0.00 R 100.00 0.00 0.00 4,930.49 0.00 Totals 5,902,414.01 0.00 501,158,459.87 8,408,414.98 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~Washington~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-I 28,303,500.00 D28,303,500.C00 96,718.26 ~~20549~~6,460.00 0.00 0.00 II-A-1 27,354,500.00 27,354,500.00 90,785.96 178,556.93 0.00 0.00 III-A-1 18,275,300.00 18,275,300.00 18,792.63 138,489.65 0.00 0.00 III-A-2 0.00 0.00 0.00 0.00 0.00 0.00 III-A-3 2,030,600.00 2,030,600.00 0.00 0.00 0.00 0.00 IV-A-1 170,000,000.00 170,000,000.00 369,617.64 3,307,425.85 0.00 0.00 IV-A-2 0.00 0.00 0.00 0.00 0.00 0.00 IV-A-3 35,770,000.00 35,770,000.00 0.00 0.00 (156,493.75) 0.00 IV-A-4 60,537,000.00 60,537,000.00 0.00 0.00 0.00 0.00 IV-A-5 72,874,000.00 72,874,000.00 0.00 0.00 0.00 0.00 IV-A-6 14,680,500.00 14,680,500.00 0.00 0.00 (64,227.19) 0.00 IV-A-7 3,853,000.00 3,853,000.00 0.00 0.00 0.00 0.00 IV-A-PO 323,614.15 323,614.15 404.83 6.03 0.00 0.00 V-A-1 38,371,400.00 38,371,400.00 39,473.15 1,838,413.92 0.00 0.00 V-A-2 0.00 0.00 0.00 0.00 0.00 0.00 V-A-3 4,263,500.00 4,263,500.00 0.00 0.00 0.00 0.00 M 13,690,700.00 13,690,700.00 17,050.56 0.00 0.00 0.00 B-1 6,338,300.00 6,338,300.00 7,893.79 0.00 0.00 0.00 B-2 3,549,400.00 3,549,400.00 4,420.46 0.00 0.00 0.00 B-3 2,028,200.00 2,028,200.00 2,525.94 0.00 0.00 0.00 B-4 1,521,200.00 1,521,200.00 1,894.52 0.00 0.00 0.00 B-5 3,295,959.73 3,295,959.73 4,104.83 0.00 0.00 0.00 IV-A-X 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 100.00 100.00 93.74 6.26 0.00 0.00 Totals 507,060,873.88 507,060,873.88 653,776.31 5,469,358.64 (220,720.94) 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.

~~Form~~Principal 8Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-KA-I 103,178.26 28,200,321.74 0.99635458 103,178.26 II-A-1 269,342.89 27,085,157.11 0.99015362 269,342.89 III-A-1 157,282.28 18,118,017.72 0.99139372 157,282.28 III-A-2 0.00 0.00 0.00000000 0.00 III-A-3 0.00 2,030,600.00 1.00000000 0.00 IV-A-1 3,677,043.49 166,322,956.51 0.97837033 3,677,043.49 IV-A-2 0.00 0.00 0.00000000 0.00 IV-A-3 (156,493.75) 35,926,493.75 1.00437500 (156,493.75) IV-A-4 0.00 60,537,000.00 1.00000000 0.00 IV-A-5 0.00 72,874,000.00 1.00000000 0.00 IV-A-6 (64,227.19) 14,744,727.19 1.00437500 (64,227.19) IV-A-7 0.00 3,853,000.00 1.00000000 0.00 IV-A-PO 410.86 323,203.29 0.99873040 410.86 V-A-1 1,877,887.07 36,493,512.93 0.95106024 1,877,887.07 V-A-2 0.00 0.00 0.00000000 0.00 V-A-3 0.00 4,263,500.00 1.00000000 0.00 M 17,050.56 13,673,649.44 0.99875459 17,050.56 B-1 7,893.79 6,330,406.21 0.99875459 7,893.79 B-2 4,420.46 3,544,979.54 0.99875459 4,420.46 B-3 2,525.94 2,025,674.06 0.99875459 2,525.94 B-4 1,894.52 1,519,305.48 0.99875459 1,894.52 B-5 4,104.83 3,291,854.90 0.99875459 4,104.83 IV-A-X 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 100.00 0.00 0.00000000 100.00 Totals 5,902,414.01 501,158,459.87 0.98835956 5,902,414.01

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-I 28,303,500.00 1000.00000000 3.41718374 0.22824032 0.00000000 II-A-1 27,354,500.00 1000.00000000 3.31886746 6.52751577 0.00000000 III-A-1 18,275,300.00 1000.00000000 1.02830761 7.57796862 0.00000000 III-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A-3 2,030,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-1 170,000,000.00 1000.00000000 2.17422141 19.45544618 0.00000000 IV-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-3 35,770,000.00 1000.00000000 0.00000000 0.00000000 (4.37500000) IV-A-4 60,537,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-5 72,874,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-6 14,680,500.00 1000.00000000 0.00000000 0.00000000 (4.37500017) IV-A-7 3,853,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IV-A-PO 323,614.15 1000.00000000 1.25096508 0.01863330 0.00000000 V-A-1 38,371,400.00 1000.00000000 1.02871279 47.91104625 0.00000000 V-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 V-A-3 4,263,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 M 13,690,700.00 1000.00000000 1.24541185 0.00000000 0.00000000 B-1 6,338,300.00 1000.00000000 1.24541123 0.00000000 0.00000000 B-2 3,549,400.00 1000.00000000 1.24541049 0.00000000 0.00000000 B-3 2,028,200.00 1000.00000000 1.24540972 0.00000000 0.00000000 B-4 1,521,200.00 1000.00000000 1.24541152 0.00000000 0.00000000 B-5 3,295,959.73 1000.00000000 1.24541267 0.00000000 0.00000000 IV-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 100.00 1000.00000000 937.40000000 62.60000000 0.00000000 (2) All Classes Are Per $1000 Denomination.

~~Pursuant~~Principal toDistribution ~~Section~~Factors 13Statement or(continued) 15Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (d3) ofReduction Balance Percentage Distribution I-A-I 0.00000000 3.64542406 996.35457594 0.99635458 3.64542406 II-A-1 0.00000000 9.84638323 990.15361677 0.99015362 9.84638323 III-A-1 0.00000000 8.60627623 991.39372377 0.99139372 8.60627623 III-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-1 0.00000000 21.62966759 978.37033241 0.97837033 21.62966759 IV-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A-3 0.00000000 (4.37500000) 1,004.37500000 1.00437500 (4.37500000) IV-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-6 0.00000000 (4.37500017) 1,004.37500017 1.00437500 (4.37500017) IV-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IV-A-PO 0.00000000 1.26959838 998.73040162 0.99873040 1.26959838 V-A-1 0.00000000 48.93975904 951.06024096 0.95106024 48.93975904 V-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 V-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M 0.00000000 1.24541185 998.75458815 0.99875459 1.24541185 B-1 0.00000000 1.24541123 998.75458877 0.99875459 1.24541123 B-2 0.00000000 1.24541049 998.75458951 0.99875459 1.24541049 B-3 0.00000000 1.24540972 998.75459028 0.99875459 1.24540972 B-4 0.00000000 1.24541152 998.75458848 0.99875459 1.24541152 B-5 0.00000000 1.24541267 998.75458733 0.99875459 1.24541267 IV-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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.

~~Securities~~Interest ~~Exchange~~Distribution ~~Act~~Statement Beginning Payment of ~~1934~~Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-I 28,303,500.00 5.42190% 28,303,500.00 127,882.29 0.00 0.00 II-A-1 27,354,500.00 5.54620% 27,354,500.00 126,427.94 0.00 0.00 III-A-1 18,275,300.00 3.59063% 18,275,300.00 54,683.20 0.00 0.00 III-A-2 0.00 2.50103% 18,275,300.00 38,089.25 0.00 0.00 III-A-3 2,030,600.00 6.09166% 2,030,600.00 10,308.11 0.00 0.00 IV-A-1 170,000,000.00 3.29063% 170,000,000.00 466,172.58 0.00 0.00 IV-A-2 0.00 1.95937% 170,000,000.00 277,577.42 0.00 0.00 IV-A-3 35,770,000.00 5.25000% 35,770,000.00 156,493.75 0.00 0.00 IV-A-4 60,537,000.00 5.25000% 60,537,000.00 264,849.38 0.00 0.00 IV-A-5 72,874,000.00 5.25000% 72,874,000.00 318,823.75 0.00 0.00 IV-A-6 14,680,500.00 5.25000% 14,680,500.00 64,227.19 0.00 0.00 IV-A-7 3,853,000.00 5.25000% 3,853,000.00 16,856.88 0.00 0.00 IV-A-PO 323,614.15 0.00000% 323,614.15 0.00 0.00 0.00 V-A-1 38,371,400.00 3.39063% 38,371,400.00 108,419.35 0.00 0.00 V-A-2 0.00 2.78708% 38,371,400.00 89,120.09 0.00 0.00 V-A-3 4,263,500.00 6.17771% 4,263,500.00 21,948.88 0.00 0.00 M 13,690,700.00 5.40332% 13,690,700.00 61,646.09 0.00 0.00 B-1 6,338,300.00 5.40332% 6,338,300.00 28,539.91 0.00 0.00 B-2 3,549,400.00 5.40332% 3,549,400.00 15,982.14 0.00 0.00 B-3 2,028,200.00 5.40332% 2,028,200.00 9,132.52 0.00 0.00 B-4 1,521,200.00 5.40332% 1,521,200.00 6,849.62 0.00 0.00 B-5 3,295,959.73 5.40332% 3,295,959.73 14,840.95 0.00 0.00 IV-A-X 0.00 5.25000% 50,303,468.00 220,077.67 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 100.00 5.57084% 100.00 0.46 0.00 0.00 Totals 507,060,873.88 2,498,949.42 0.00 0.00

~~Date~~Interest ofDistribution ~~Report~~Statement (~~Date~~continued) ofRemaining ~~earliest~~Ending ~~event~~Non-Supported ~~reported~~Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4): ~~May~~Distribution Shortfall Balance I-A-I 0.00 0.00 127,882.29 0.00 28,200,321.74 II-A-1 0.00 0.00 126,427.94 0.00 27,085,157.11 ~~2005~~III-A-1 0.00 0.00 54,683.20 0.00 18,118,017.72 III-A-2 0.00 0.00 38,089.25 0.00 18,118,017.72 III-A-3 0.00 0.00 10,308.11 0.00 2,030,600.00 IV-A-1 0.00 0.00 466,172.58 0.00 166,322,956.51 IV-A-2 0.00 0.00 277,577.42 0.00 166,322,956.51 IV-A-3 0.00 0.00 156,493.75 0.00 35,926,493.75 IV-A-4 0.00 0.00 264,849.38 0.00 60,537,000.00 IV-A-5 0.00 0.00 318,823.75 0.00 72,874,000.00 IV-A-6 0.00 0.00 64,227.19 0.00 14,744,727.19 IV-A-7 0.00 0.00 16,856.88 0.00 3,853,000.00 IV-A-PO 0.00 0.00 0.00 0.00 323,203.29 V-A-1 0.00 0.00 108,419.35 0.00 36,493,512.93 V-A-2 0.00 0.00 89,120.09 0.00 36,493,512.93 V-A-3 0.00 0.00 21,948.88 0.00 4,263,500.00 M 0.00 0.00 61,646.09 0.00 13,673,649.44 B-1 0.00 0.00 28,539.91 0.00 6,330,406.21 B-2 0.00 0.00 15,982.14 0.00 3,544,979.54 B-3 0.00 0.00 9,132.52 0.00 2,025,674.06 B-4 0.00 0.00 6,849.62 0.00 1,519,305.48 B-5 0.00 0.00 14,840.95 0.00 3,291,854.90 IV-A-X 0.00 0.00 220,077.67 0.00 49,529,011.32 P 0.00 0.00 2,221.52 0.00 100.00 R 0.00 0.00 4,830.49 0.00 0.00 Totals 0.00 0.00 2,506,000.97 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.

~~DEUTSCHE~~Interest ~~ALT~~Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-I ~~SECURITIES~~28,303,500.00 ~~INC~~5.42190% 1000.00000000 4.51825004 0.00000000 0.00000000 II-A-1 27,354,500.00 5.54620% 1000.00000000 4.62183334 0.00000000 0.00000000 III-A-1 18,275,300.00 3.59063% 1000.00000000 2.99219165 0.00000000 0.00000000 III-A-2 0.00 2.50103% 1000.00000000 2.08419287 0.00000000 0.00000000 III-A-3 2,030,600.00 6.09166% 1000.00000000 5.07638629 0.00000000 0.00000000 IV-A-1 170,000,000.00 3.29063% 1000.00000000 2.74219165 0.00000000 0.00000000 IV-A-2 0.00 1.95937% 1000.00000000 1.63280835 0.00000000 0.00000000 IV-A-3 35,770,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 IV-A-4 60,537,000.00 5.25000% 1000.00000000 4.37500008 0.00000000 0.00000000 IV-A-5 72,874,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 IV-A-6 14,680,500.00 5.25000% 1000.00000000 4.37500017 0.00000000 0.00000000 IV-A-7 3,853,000.00 5.25000% 1000.00000000 4.37500130 0.00000000 0.00000000 IV-A-PO 323,614.15 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 V-A-1 38,371,400.00 3.39063% 1000.00000000 2.82552500 0.00000000 0.00000000 V-A-2 0.00 2.78708% 1000.00000000 2.32256550 0.00000000 0.00000000 V-A-3 4,263,500.00 6.17771% 1000.00000000 5.14808960 0.00000000 0.00000000 M 13,690,700.00 5.40332% 1000.00000000 4.50277122 0.00000000 0.00000000 B-1 6,338,300.00 5.40332% 1000.00000000 4.50277046 0.00000000 0.00000000 B-2 3,549,400.00 5.40332% 1000.00000000 4.50277230 0.00000000 0.00000000 B-3 2,028,200.00 5.40332% 1000.00000000 4.50277093 0.00000000 0.00000000 B-4 1,521,200.00 5.40332% 1000.00000000 4.50277413 0.00000000 0.00000000 B-5 3,295,959.73 5.40332% 1000.00000000 4.50277043 0.00000000 0.00000000 IV-A-X 0.00 5.25000% 1000.00000000 4.37499995 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 100.00 5.57084% 1000.00000000 4.60000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 Denomination.

Interest Distribution Factors Statement (ascontinued) ~~depositor~~Remaining ~~under~~Ending ~~the~~Non-Supported ~~Pooling~~Total ~~and~~Unpaid ~~Servicing~~Certificate/ ~~Agreement~~Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-I 0.00000000 0.00000000 4.51825004 0.00000000 996.35457594 II-A-1 0.00000000 0.00000000 4.62183334 0.00000000 990.15361677 III-A-1 0.00000000 0.00000000 2.99219165 0.00000000 991.39372377 III-A-2 0.00000000 0.00000000 2.08419287 0.00000000 991.39372377 III-A-3 0.00000000 0.00000000 5.07638629 0.00000000 1000.00000000 IV-A-1 0.00000000 0.00000000 2.74219165 0.00000000 978.37033241 IV-A-2 0.00000000 0.00000000 1.63280835 0.00000000 978.37033241 IV-A-3 0.00000000 0.00000000 4.37500000 0.00000000 1004.37500000 IV-A-4 0.00000000 0.00000000 4.37500008 0.00000000 1000.00000000 IV-A-5 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 IV-A-6 0.00000000 0.00000000 4.37500017 0.00000000 1004.37500017 IV-A-7 0.00000000 0.00000000 4.37500130 0.00000000 1000.00000000 IV-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 998.73040162 V-A-1 0.00000000 0.00000000 2.82552500 0.00000000 951.06024096 V-A-2 0.00000000 0.00000000 2.32256550 0.00000000 951.06024096 V-A-3 0.00000000 0.00000000 5.14808960 0.00000000 1000.00000000 M 0.00000000 0.00000000 4.50277122 0.00000000 998.75458815 B-1 0.00000000 0.00000000 4.50277046 0.00000000 998.75458877 B-2 0.00000000 0.00000000 4.50277230 0.00000000 998.75458951 B-3 0.00000000 0.00000000 4.50277093 0.00000000 998.75459028 B-4 0.00000000 0.00000000 4.50277413 0.00000000 998.75458848 B-5 0.00000000 0.00000000 4.50277043 0.00000000 998.75458733 IV-A-X 0.00000000 0.00000000 4.37499995 0.00000000 984.60430839 P 0.00000000 0.00000000 22215.20000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 48304.90000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~dated~~CERTIFICATEHOLDER asACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of ~~May~~Interest 1and Principal 8,516,056.62 ~~2005~~Liquidations, ~~providing~~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 2,221.52 Total Deposits 8,518,278.14 Withdrawals Reimbursement for ~~the~~Servicer ~~issuance~~Advances 0.00 Payment of Service Fee 109,863.17 Payment of Interest and Principal 8,408,414.97 Total Withdrawals (Pool Distribution Amount) 8,518,278.14 Ending Balance 0.00

~~Deutsche~~PREPAYMENT/CURTAILMENT ~~Alt-A~~INTEREST ~~Securities,~~SHORTFALL ~~Inc~~Total Prepayment/Curtailment Interest Shortfall 0.00 ~~Mortgage~~Servicing ~~Loan~~Fee ~~Trust,~~Support ~~Series~~0.00 ~~2005~~Non-3,Supported ~~Mortgage~~Prepayment/Curtailment ~~Pass-Through~~Interest ~~Certificates)~~Shortfall 0.00

~~Deutsche~~SERVICING ~~Alt~~FEES Gross Servicing Fee 105,637.66 Credit Risk Manager Fee -A ~~Securities~~The Murrayhill Company 4,225.51 ~~Inc~~Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 109,863.17

~~(Exact~~OTHER ~~name~~ACCOUNTS ofBeginning ~~registrant~~Current asCurrent ~~specified~~Ending inAccount ~~its~~Type ~~charter)~~Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 0.00 0.00 0.00

Delaware	333-100676	35-2184183
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)
60 Wall Street New York, NY		10005
(Address of Principal Executive Offices)		(Zip Code)

Delinquency Status By Groups

~~Registrant’s~~DELINQUENT ~~telephone~~BANKRUPTCY ~~number,~~FORECLOSURE ~~including~~REO ~~area~~Total ~~code:~~Group ~~(212)~~I ~~250~~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-~~7010~~29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

~~Check~~OTHER ~~the~~INFORMATION ~~appropriate~~Current ~~box~~Period ~~below~~Class ifA ~~the~~Insufficient ~~Form~~Funds ~~8-K~~0.00 ~~filing~~Principal isBalance ~~intended to simultaneously satisfy the filing obligation~~ of ~~the~~Contaminated ~~registrant~~Properties ~~under~~0.00 ~~any~~Periodic ofAdvance ~~the following provisions (see General Instruction A~~0.~~2. below):~~00

oSUBORDINATION ~~Written~~LEVEL/CREDIT ~~communications~~ENHANCEMENT/CLASS ~~pursuant~~PERCENTAGE toAND ~~Rule~~PREPAYMENT ~~425~~PERCENTAGE ~~under~~Current ~~the~~Original ~~Securities~~$ ~~Act~~Original ~~(17~~% ~~CFR~~Current ~~230~~$ Current % Class% Prepayment% Class IA1 478,757,273.~~425)~~88 94.41810610% 472,958,138.13 94.37299185% 5.627028% 0.000000% Class 2A1 451,402,773.88 89.02338893% 445,872,981.02 88.96848117% 5.404511% 0.000000% Class M 16,733,159.73 3.30002976% 16,712,320.19 3.33473838% 2.728409% 0.000000% Class B-1 10,394,859.73 2.05002205% 10,381,913.98 2.07158352% 1.263155% 0.000000% Class B-2 6,845,459.73 1.35002720% 6,836,934.44 1.36422636% 0.707357% 0.000000% Class B-3 4,817,259.73 0.95003578% 4,811,260.38 0.96002796% 0.404198% 0.000000% Class B-4 3,296,059.73 0.65003235% 3,291,954.90 0.65686920% 0.303159% 0.000000% Class B-5 100.00 0.00001972% 100.00 0.00001995% 0.656849% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000020% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

oCREDIT ~~Soliciting~~ENHANCEMENT ~~material~~Original ~~pursuant~~$ toOriginal ~~Rule~~% ~~14a-12(b)~~Current ~~under~~$ ~~the~~Current ~~Exchange~~% ~~Act~~Bankruptcy ~~(17~~100,000.00 ~~CFR~~0.01972150% ~~240~~100,000.~~14a-12(b))~~00 0.01995377% Fraud 16,861,437.35 3.32532803% 16,861,437.35 3.36449288% Special Hazard 5,231,199.22 1.03167085% 5,231,199.22 1.04382160% Limit of Subordinate's Exposure to Certain Types of Losses

oCOLLATERAL ~~Pre-commencement~~STATEMENT ~~communications~~Collateral ~~pursuant~~Description toFixed ~~Rule~~Weighted ~~14d~~Average Gross Coupon 6.178011% Weighted Average Net Coupon 5.928011% Weighted Average Pass-2Through Rate 5.913531% Weighted Average Maturity(bStepdown Calculation) ~~under~~335 ~~the~~Beginning ~~Exchange~~Scheduled ~~Act~~Collateral ~~(17~~Loan ~~CFR~~Count ~~240~~2,880 Number Of Loans Paid In Full 23 Ending Scheduled Collateral Loan Count 2,857 Beginning Scheduled Collateral Balance 507,060,873.~~14d~~88 Ending Scheduled Collateral Balance 501,158,359.86 Ending Actual Collateral Balance at 31-May-2005 501,611,514.48 Monthly P&I Constant 3,242,111.75 Special Servicing Fee 0.00 Prepayment Penalties 2~~(b))~~,221.52 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 631,589.37 Unscheduled Principal 5,270,824.65

oCOLLATERAL ~~Pre-commencement~~STATEMENT ~~communications~~Collateral ~~pursuant~~Description toFixed ~~Rule~~Weighted ~~13e-4(c)~~Average ~~under~~Coupon ~~the~~Rate ~~Exchange~~6.178011% ~~Act~~Weighted ~~(17~~Average ~~CFR~~Net ~~240~~Rate 5.~~13e~~928011% Weighted Average Pass Through Rate 5.913531% Weighted Average Maturity 335 Record Date 05/31/2005 Principal and Interest Constant 3,242,111.75 Beginning Loan Count 2,880 Loans Paid in Full 23 Ending Loan Count 2,857 Beginning Scheduled Balance 507,060,873.88 Ending Scheduled Balance 501,158,359.86 Ending Actual Balance at 31-~~4(c))~~May-2005 501,611,514.48 Scheduled Principal 631,589.37 Unscheduled Principal 5,270,824.65 Scheduled Interest 2,610,522.38 Servicing Fee 105,637.66 Master Servicing Fee 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 6,118.30 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,498,766.42 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 2,221.52

~~Item~~Group Level Collateral Statement Group Group I Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 5.01681924 ~~Completion~~5.806233 of6.359314 ~~Acquisition~~Weighted orAverage ~~Disposition~~Net Rate 5.431924 5.556233 6.109314 Weighted Average Maturity 176 176 356 Beginning Loan Count 119 286 247 Loans Paid In Full 0 2 2 Ending Loan Count 119 284 245 Beginning Scheduled Balance 30,110,219.03 29,100,555.49 21,602,021.81 Ending Scheduled Balance 30,000,761.26 28,825,417.67 21,443,540.00 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 245,561.49 237,384.73 134,470.53 Scheduled Principal 102,991.51 96,580.89 19,992.16 Unscheduled Principal 6,466.26 178,556.93 138,489.65 Scheduled Interest 142,569.98 140,803.84 114,478.37 Servicing Fees 6,272.96 6,062.62 4,500.42 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 250.92 242.50 317.78 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 0.00 0.00 0.00 Net Interest 136,046.10 134,498.72 109,660.17 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of ~~Assets~~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 5.421924 5.546233 6.091661

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description ofMixed ~~the~~Fixed ~~Certificates~~Mixed ~~and~~Fixed ~~the~~Fixed ~~Mortgage~~Weighted Average Coupon Rate 6.202766 6.451630 6.178011 Weighted Average Net Rate 5.952766 6.201631 5.928011 Weighted Average Maturity 356 356 335 Beginning Loan Count 1,740 488 2,880 Loans Paid In Full 11 8 23 Ending Loan Count 1,729 480 2,857 Beginning Scheduled Balance 380,891,619.84 45,356,357.71 507,060,773.88 Ending scheduled Balance 377,412,689.93 43,475,951.00 501,158,359.86 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 2,338,850.16 285,844.84 3,242,111.75 Scheduled Principal 370,032.02 41,992.79 631,589.37 Unscheduled Principal 3,108,897.89 1,838,413.92 5,270,824.65 Scheduled Interest 1,968,818.14 243,852.05 2,610,522.38 Servicing Fees 79,352.42 9,449.24 105,637.66 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 4,402.93 904.17 6,118.30 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 0.00 0.00 0.00 Net Interest 1,885,062.79 233,498.64 2,498,766.42 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 5.938895 6.177709 5.913531

On May 27, 2005, a series of certificates, entitled Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-3, Mortgage Pass-Through Certificates (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of May 1, 2005 (the “Agreement”), attached hereto as Exhibit 4.1, among Deutsche Alt-A Securities, Inc. as depositor (the “Depositor”), Wells Fargo Bank, N.A. as master servicer and securities administrator (the “Master Servicer”) and HSBC Bank USA, National Association as trustee (the “Trustee”). The Certificates consist of twenty-five classes of certificates (collectively, the “Certificates”), designated as the “Class I-A-1 Certificates”, “Class II-A-1 Certificates”, “Class III-A-1 Certificates”, “Class III-A-2 Certificates”, “Class III-A-3 Certificates”, “Class IV-A-I Certificates”, “Class IV-A-2 Certificates”, “Class IV-A-3 Certificates”, “Class IV-A-4 Certificates”, “Class IV-A-5 Certificates”, “Class IV-A-6 Certificates”, “Class IV-A-7 Certificates”, “Class IV-A-X Certificates”, “Class IV-A-PO Certificates”, “Class V-A-1 Certificates”, “Class V-A-2 Certificates”, “Class V-A-3 Certificates”, “Class R Certificates”, “Class M Certificates”, “Class B-1 Certificates”, “Class B-2 Certificates”, “Class B-3 Certificates”, “Class B-4 Certificates” and “Class B-5 Certificates”. The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the “Trust Fund”), consisting of a pool of mortgage loans (the “Mortgage Pool’”) of conventional, one- to four- family, first lien, fixed-rate mortgage loans having original terms to maturity up to 30 years (the “Mortgage Loans”). The Mortgage Pool consists of Mortgage Loans having an aggregate principal balance of approximately $507,060,774 as of May 1, 2005 (the “Cut-off Date”). The Mortgage Loans were purchased pursuant to the Mortgage Loan Purchase Agreement, dated May 27, 2005, between DB Structured Products, Inc. as seller and the Depositor (the “Mortgage Loan Purchase Agreement”). The Class I-A-1 Certificates, Class II-A-1 Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class III-A-3 Certificates, Class IV-A-I Certificates, Class IV-A-2 Certificates, Class IV-A-3 Certificates, Class IV-A-4 Certificates, Class IV-A-5 Certificates, Class IV-A-6 Certificates, Class IV-A-7 Certificates, Class IV-A-X Certificates, Class IV-A-PO Certificates, Class V-A-1 Certificates, Class V-A-2 Certificates, Class V-A-3 Certificates, Class R Certificates, Class M Certificates, Class B-1 Certificates, Class B-2 Certificates, were sold by Depositor pursuant to the Underwriting Agreement, dated August 1, 2003, between the Depositor and Deutsche Bank Securities Inc., and the Terms Agreement, dated May 25, 2005 between the Depositor and Deutsche Bank Securities Inc. (collectively, the “Underwriting Agreement”).

The Certificates have the following initial Certificate Balances and Pass-Through Rates:

Class Designation	Initial aggregate Certificate Principal Balance			Initial Pass-Through Rate (2)
I-A-1	$	28,303,500		5.4219	%
II-A-1	$	27,354,500		5.5462	%
III-A-1	$	18,275,300		One—Month LIBOR +0.50%
III-A-2	$	18,275,300	(1)	2.5017	%
III-A-3	$	2,030,600		6.0917	%
IV-A-1	$	170,000,000		One—Month LIBOR + 0.20%
IV-A-2	$	170,000,000	(1)	1.9600	%
IV-A-3	$	35,770,000		5.2500	%
IV-A-4	$	60,537,000		5.2500	%
IV-A-5	$	72,874,000		5.2500	%
IV-A-6	$	14,680,500		5.2500	%
IV-A-7	$	3,853,000		5.2500	%
IV-A-X	$	50,303,468		5.2500	%
IV-A-PO	$	323,614		N/A
V-A-1	$	38,371,400		One—Month LIBOR + 0.30%
V-A-2	$	38,371,400	(1)	2.7877	%
V-A-3	$	4,263,500		6.1777	%
R	$	100		5.4219	%
P	$	100		N/A
M	$	13,690,700		5.3961	%
B-1	$	6,338,300		5.3961	%
B-2	$	3,549,400		5.3961	%

(1) Principal balance reflected is notional.

(2) The pass-through rate for the Class III-A-1, Class IV-A-1 and Class V-A-1 Certificates are subject to a maximum rate as described in the prospectus supplement. The Class III-A-1, Class IV-A-1 and Class V-A-1 Certificates will have the benefit of three separate cap agreements.

The Certificates, other than the Class B-3, Class B-4 and Class B-5 Certificates, and the Mortgage Loans are more particularly described in the Prospectus Supplement, dated May 25, 2005 (the “Prospectus Supplement”), and the Prospectus, dated January 28, 2005, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class B-3, Class B-4 and Class B-5 Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.

Item 9.01	Financial Statements and Exhibits
		(a)	Not applicable
		(b)	Not applicable
		(c)	Exhibits
Exhibit No.				Description
4.1				Pooling and Servicing Agreement, dated as of May 1, 2005, by and among Deutsche Alt-A Securities, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and HSBC Bank USA, National Association, as Trustee relating to the Series 2005-3 Certificates.

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 thereunto duly authorized.

Dated: June 15, 2005

DEUTSCHE ALT-A SECURITIES, INC. By: /s/ Michael Commaroto Name: Michael Commaroto Title: President By: /s/ Susan Valenti Name: Susan Valenti Title: Vice-President

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.1	Pooling and Servicing Agreement, dated as of May 1, 2005, by and among Deutsche Alt-A Securities, Inc., as Depositor, Wells Fargo Bank, N.A., as Master Servicer and Securities Administrator and HSBC Bank USA, National Association, as Trustee relating to the Series 2005-3 Certificates.	8

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