8-K 1 nac05ap2_10507.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): July 25, 2005 NOMURA ASSET ACCEPTANCE CORPORATION Mortgage Pass-Through Certificates, Series 2005-AP2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-109614-14 Pooling and Servicing Agreement) (Commission 54-2176783 (State or other File Number) 54-2176784 jurisdiction 54-2176785 of Incorporation) IRS EIN C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 July 25, 2005 a distribution was made to holders of NOMURA ASSET ACCEPTANCE CORPORATION, Mortgage Pass-Through Certificates, Series 2005-AP2 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-AP2 Trust, relating to the July 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. NOMURA ASSET ACCEPTANCE CORPORATION Mortgage Pass-Through Certificates, Series 2005-AP2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/26/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-AP2 Trust, relating to the July 25, 2005 distribution. EX-99.1

~~SECURITIES~~Nomura ~~AND~~Securities ~~EXCHANGE~~International, ~~COMMISSION~~Inc. Mortgage Pass-Through Certificates Record Date: 6/30/2005 Distribution Date: 7/25/2005 Nomura Securities International, Inc. Mortgage Pass-Through Certificates Series Nomura 2005-AP2 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-1 65535VLG1 SEN 3.44563% 125,285,000.00 311,773.04 A-2 65535VLH9 SEN 4.77700% 61,064,000.00 243,085.61 A-3 65535VLJ5 SEN 5.03400% 20,332,000.00 85,292.74 A-4 65535VLK2 SEN 5.39600% 24,544,000.00 110,366.19 A-5 65535VLL0 SEN 4.97600% 27,527,000.00 114,145.29 A-IO 65535VLM8 SEN 4.50000% 0.00 96,772.50 M-1 65535VLN6 SUB 5.34200% 6,882,000.00 30,636.37 M-2 65535VLP1 SUB 5.59100% 5,505,000.00 25,648.71 M-3 65535VLQ9 SUB 5.88900% 4,128,000.00 20,258.16 P 65535VMD7 SEN 0.00000% 100.00 26,781.53 X 65535VLR7 SEN 0.00000% 2,662.37 0.00 R 65535VMC9 SEN 0.00000% 0.00 0.00 Totals 275,269,762.37 1,064,760.14

~~Washington~~Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1 4,788,646.07 D0.C00 120,496,353.93 ~~20549~~5,100,419.11 0.00 A-2 0.00 0.00 61,064,000.00 243,085.61 0.00 A-3 0.00 0.00 20,332,000.00 85,292.74 0.00 A-4 0.00 0.00 24,544,000.00 110,366.19 0.00 A-5 0.00 0.00 27,527,000.00 114,145.29 0.00 A-IO 0.00 0.00 0.00 96,772.50 0.00 M-1 0.00 0.00 6,882,000.00 30,636.37 0.00 M-2 0.00 0.00 5,505,000.00 25,648.71 0.00 M-3 0.00 0.00 4,128,000.00 20,258.16 0.00 P 0.00 0.00 100.00 26,781.53 0.00 X 0.00 0.00 519,649.88 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 4,788,646.07 0.00 270,998,103.81 5,853,406.21 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties.

~~FORM~~Principal 8Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-K1 125,285,000.00 125,285,000.00 0.00 4,788,646.07 0.00 0.00 A-2 61,064,000.00 61,064,000.00 0.00 0.00 0.00 0.00 A-3 20,332,000.00 20,332,000.00 0.00 0.00 0.00 0.00 A-4 24,544,000.00 24,544,000.00 0.00 0.00 0.00 0.00 A-5 27,527,000.00 27,527,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 6,882,000.00 6,882,000.00 0.00 0.00 0.00 0.00 M-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 M-3 4,128,000.00 4,128,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 X 2,662.37 2,662.37 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 275,269,762.37 275,269,762.37 0.00 4,788,646.07 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-1 4,788,646.07 120,496,353.93 0.96177798 4,788,646.07 A-2 0.00 61,064,000.00 1.00000000 0.00 A-3 0.00 20,332,000.00 1.00000000 0.00 A-4 0.00 24,544,000.00 1.00000000 0.00 A-5 0.00 27,527,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 6,882,000.00 1.00000000 0.00 M-2 0.00 5,505,000.00 1.00000000 0.00 M-3 0.00 4,128,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 X 0.00 519,649.88 195.18319392 0.00 R 0.00 0.00 0.00000000 0.00 Totals 4,788,646.07 270,998,103.81 0.98448192 4,788,646.07

~~Pursuant~~Principal toDistribution ~~Section~~Factors 13Statement orOriginal 15Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (d2) ofAmount ~~the~~Balance Distribution Distribution Accretion A-1 125,285,000.00 1000.00000000 0.00000000 38.22202235 0.00000000 A-2 61,064,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 20,332,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 24,544,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 27,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 6,882,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,128,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 2,662.37 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000

~~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-1 0.00000000 38.22202235 961.77797765 0.96177798 38.22202235 A-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 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-IO 0.00000000 0.00000000 0.00000000 0.00000000 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 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 195,183.19392121 195.18319392 0.00000000 R 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 Payment of ~~earliest~~Original ~~event~~Current ~~reported~~Certificate/ ~~June~~Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 125,285,000.00 3.44563% 125,285,000.00 311,773.04 0.00 0.00 A-2 61,064,000.00 4.77700% 61,064,000.00 243,085.61 0.00 0.00 A-3 20,332,000.00 5.03400% 20,332,000.00 85,292.74 0.00 0.00 A-4 24,544,000.00 5.39600% 24,544,000.00 110,366.19 0.00 0.00 A-5 27,527,000.00 4.97600% 27,527,000.00 114,145.29 0.00 0.00 A-IO 0.00 4.50000% 25,806,000.00 ~~2005)~~96,772.50 0.00 0.00 M-1 6,882,000.00 5.34200% 6,882,000.00 30,636.37 0.00 0.00 M-2 5,505,000.00 5.59100% 5,505,000.00 25,648.71 0.00 0.00 M-3 4,128,000.00 5.88900% 4,128,000.00 20,258.16 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 X 2,662.37 0.00000% 275,269,662.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 275,269,762.37 1,037,978.61 0.00 0.00

~~NOMURA~~Interest ~~ASSET~~Distribution ~~ACCEPTANCE~~Statement ~~CORPORATION~~(continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 311,773.04 0.00 120,496,353.93 A-2 0.00 0.00 243,085.61 0.00 61,064,000.00 A-3 0.00 0.00 85,292.74 0.00 20,332,000.00 A-4 0.00 0.00 110,366.19 0.00 24,544,000.00 A-5 0.00 0.00 114,145.29 0.00 27,527,000.00 A-IO 0.00 0.00 96,772.50 0.00 25,806,000.00 M-1 0.00 0.00 30,636.37 0.00 6,882,000.00 M-2 0.00 0.00 25,648.71 0.00 5,505,000.00 M-3 0.00 0.00 20,258.16 0.00 4,128,000.00 P 0.00 0.00 26,781.53 0.00 100.00 X 0.00 0.00 0.00 0.00 270,998,003.81 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,064,760.14 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-1 125,285,000.00 3.44563% 1000.00000000 2.48851052 0.00000000 0.00000000 A-2 61,064,000.00 4.77700% 1000.00000000 3.98083339 0.00000000 0.00000000 A-3 20,332,000.00 5.03400% 1000.00000000 4.19500000 0.00000000 0.00000000 A-4 24,544,000.00 5.39600% 1000.00000000 4.49666680 0.00000000 0.00000000 A-5 27,527,000.00 4.97600% 1000.00000000 4.14666655 0.00000000 0.00000000 A-IO 0.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 M-1 6,882,000.00 5.34200% 1000.00000000 4.45166667 0.00000000 0.00000000 M-2 5,505,000.00 5.59100% 1000.00000000 4.65916621 0.00000000 0.00000000 M-3 4,128,000.00 5.88900% 1000.00000000 4.90750000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 X 2,662.37 0.00000% 103392714.76541600 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

~~dated~~Interest asDistribution ofFactors ~~June~~Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 2.48851052 0.00000000 961.77797765 A-2 0.00000000 0.00000000 3.98083339 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 4.19500000 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 4.49666680 0.00000000 1000.00000000 A-5 0.00000000 0.00000000 4.14666655 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 3.75000000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 4.45166667 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 4.65916621 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 4.90750000 0.00000000 1000.00000000 P 0.00000000 0.00000000 267815.30000000 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 101788257.75906400 R 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.

~~Nomura~~CERTIFICATEHOLDER ~~Asset~~ACCOUNT ~~Acceptance~~STATEMENT ~~Corporation~~CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5,888,560.36 ~~Alternative~~Liquidations, ~~Loan~~Insurance ~~Trust~~Proceeds, ~~Series~~Reserve ~~2005-AP2~~Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, ~~Mortgage~~Subsequent ~~Pass-Through~~Expenses ~~Certificates~~& Recoveries) 0.00 Prepayment Penalties 26,781.53 Total Deposits 5,915,341.89 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 61,935.68 Payment of Interest and Principal 5,853,406.21 Total Withdrawals (Pool Distribution Amount) 5,915,341.89 Ending Balance 0.00

~~NOMURA~~PREPAYMENT/CURTAILMENT ~~ASSET~~INTEREST ~~ACCEPTANCE~~SHORTFALL ~~CORPORATION~~Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

~~(Exact~~SERVICING ~~name~~FEES ofGross ~~registrant~~Servicing asFee ~~specified~~57,347.85 inCredit ~~its~~Risk ~~charter)~~Management Fee Rate 3,440.87 MS Fee, Wells Fargo 1,146.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 61,935.68

Delaware	333-109614	13-3672336
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
Two World Financial Center, Building B, 21st Floor, New York, New York		10281
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s~~LOAN ~~telephone~~STATUS ~~number,~~STRATIFICATION/CREDIT ~~including~~ENHANCEMENT ~~area~~STATEMENT ~~code,~~DELINQUENT isBANKRUPTCY ~~(212)~~FORECLOSURE ~~667~~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-~~9300~~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 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 0.000000% 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 (% Current $ Current % Class% Prepayment% Class R 16,517,762.37 6.00057495% 17,034,749.88 ~~CFR~~6.28593187% ~~230~~0.~~425)~~000000% 0.000000% Class M-1 9,635,762.37 3.50048106% 10,152,749.88 3.74642977% 2.539502% 0.000000% Class M-2 4,130,762.37 1.50062391% 4,647,749.88 1.71504949% 2.031380% 0.000000% Class M-3 2,762.37 0.00100351% 519,749.88 0.19179104% 1.523258% 0.000000% Class X 100.00 0.00003633% 100.00 0.00003690% 0.191754% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000037% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

REO Detail - All Mortgage Loans in REO during Current Period

oSummary ~~Soliciting~~12 ~~material~~Month ~~pursuant~~REO toHistory* ~~Rule~~New ~~14a~~REO Loans Month REO Percentage Loans in REO 0 Aug-~~12(b)~~04 ~~under~~0.000% ~~the~~Original ~~Exchange~~Principal ~~Act~~Balance ~~(17~~0.00 ~~CFR~~Sep-04 ~~240~~0.~~14a~~000% Current Principal Balance 0.00 Oct-~~12(b))~~04 0.000% Nov-04 0.000% Current REO Total Dec-04 0.000% Loans in REO 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

oREO ~~Pre~~Loan Detail -~~commencement~~ ~~communications~~All ~~pursuant~~Mortgage toLoans ~~Rule~~in ~~14d-2(b)~~REO ~~under~~during ~~the~~Current ~~Exchange~~Period ~~Act~~Month ~~(17~~Loan ~~CFR~~First ~~240~~Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.~~14d-2(b))~~

oREO ~~Pre~~Loan Detail -~~commencement~~ ~~communications~~All ~~pursuant~~Mortgage toLoans ~~Rule~~in ~~13e-4~~REO during Current Period (ccontinued) ~~under~~Current ~~the~~Paid ~~Exchange~~Current ~~Act~~Approximate ~~(17~~Loan ~~CFR~~Principal ~~240~~To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.~~13e-4(c))~~

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Item~~Summary 212 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.01000% ~~Completion~~Original ofPrincipal ~~Acquisition~~Balance or0.00 ~~Disposition~~Sep-04 of0.000% ~~Assets~~Current Principal Balance 0.00 Oct-04 0.000% Nov-04 0.000% Current Foreclosure Total Dec-04 0.000% Loans in Foreclosure 0 Jan-05 0.000% Original Principal Balance 0.00 Feb-05 0.000% Current Principal Balance 0.00 Mar-05 0.000% Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~Description~~Foreclosure ofLoan ~~the~~Detail ~~Certificates~~- ~~and~~All ~~the~~ Mortgage ~~Pool~~Loans in Foreclosure during Current Period Month Loan First Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.

OnForeclosure ~~June 29, 2005, a series of certificates, entitled Nomura Asset Acceptance Corporation, Alternative~~ Loan ~~Trust~~Detail ~~Series 2005~~-~~AP2,~~ ~~Mortgage~~All Pass-Through Certificates (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of June 1, 2005 (the “Agreement”), attached hereto as Exhibit 4.1, among Nomura Asset Acceptance Corporation, as depositor (the “Depositor”), Nomura Credit & Capital, Inc., as seller (the “Seller”), GMAC Mortgage ~~Corporation~~Loans as the servicer (the “Servicer”), Wells Fargo Bank, N.A., as securities administrator (“Securities Administrator”) and master servicer (“Master Servicer”) and HSBC Bank USA, National Association, as trustee (the “Trustee”). The Certificates consist of twelve (12) classes of certificates, designated as the “Class A-1 Certificates”, “Class A-2 Certificates”, “Class A-3 Certificates”, “Class A-4 Certificates”, “Class A-5 Certificates”, “Class A-IO Certificates”, “Class M-1 Certificates”, “Class M-2 Certificates”, “Class M-3 Certificates”, “Class X Certificates”, “Class P Certificates” and “Class R Certificates”. The Certificates evidence in ~~the~~Foreclosure ~~aggregate~~during ~~the~~Current ~~entire~~Period ~~beneficial ownership interest in a trust fund, consisting of a pool of mortgage loans~~ (~~the “Mortgage Pool’”~~continued) ofCurrent ~~conventional,~~Paid ~~one-~~Current toApproximate ~~four-~~Loan ~~family,~~Principal ~~fixed-rate,~~To ~~first~~Months lien 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 $275,269,662.37 as of June 1, 2005. The Mortgage Loans were purchased pursuant to the Mortgage Loan ~~Purchase~~Delinquent ~~Agreement,~~Group ~~dated~~Number ~~June~~Balance ~~29,~~Date ~~2005, between~~Delinquent ~~Seller~~Rate ~~and~~Interest ~~Depositor.~~No ~~The~~Foreclosure ~~Class~~loans ~~A-1~~this Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-IO Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates were sold by the Depositor to Nomura Securities International, Incperiod. ~~(the “Underwriter”) pursuant to the Underwriting Agreement, dated February 26, 2004, between the Depositor and the Underwriter, and the Terms Agreement, dated June 27, 2005.~~

~~The~~COLLATERAL ~~Certificates~~STATEMENT ~~have~~Collateral ~~the~~Description ~~following~~Fixed ~~initial~~Weighted ~~Certificate~~Average ~~Balances~~Gross ~~and~~Coupon 7.081982% Weighted Average Net Coupon 6.831982% Weighted Average Pass-Through ~~Rates:~~Rate 6.778660% Weighted Average Maturity(Stepdown Calculation) 343 Beginning Scheduled Collateral Loan Count 1,213 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 1,202 Beginning Scheduled Collateral Balance 275,269,662.01 Ending Scheduled Collateral Balance 270,998,003.81 Ending Actual Collateral Balance at 30-Jun-2005 271,172,968.13 Monthly P&I Constant 1,842,645.76 Special Servicing Fee 0.00 Prepayment Penalties 26,781.53 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 218,100.09 Unscheduled Principal 4,053,558.47

Class	Initial Certificate Principal Balance(1)		Initial Pass-Through Rate
A-1	$	125,285,000	Floating
A-2	$	61,064,000	4.777	%
A-3	$	20,332,000	5.034	%
A-4	$	24,544,000	5.396	%
A-5	$	27,527,000	4.976	%
A-IO		Notional	4.500	%
M-1	$	6,882,000	5.342	%
M-2	$	5,505,000	5.591	%
M-3	$	4,128,000	5.889	%

~~(1)~~Prepayment ~~Approximate~~Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Total 11 4,062,250.00 4,053,231.08 0 0.00 0.00

~~The~~Prepayment ~~Certificates,~~Detail ~~other~~- ~~than~~Prepayments ~~the~~during ~~Class~~Current X,Period ~~Class~~(continued) PSummary ~~and~~Substitution ~~Class~~Loans RLiquidated ~~Certificates, and the Mortgage~~ Loans ~~are~~Curtailments ~~more~~Original ~~particularly~~Current ~~described~~Original inCurrent ~~the~~Principal ~~Prospectus~~Principal ~~Supplement,~~Principal ~~dated~~Principal ~~June~~Curtailment ~~27,~~Group ~~2005~~Count ~~(the~~Balance ~~“Prospectus~~Balance ~~Supplement”),~~Count ~~and~~Balance ~~the~~Balance ~~Prospectus,~~Amount ~~dated~~Total ~~June~~0 ~~23,~~0.00 ~~2005,~~0.00 as0 ~~previously~~0.00 ~~filed with the Securities and Exchange Commission pursuant to Rule 424(b)~~0.00 ~~The Class X~~2, ~~Class P and the Class R Certificates have not been and will not be publicly offered by the Depositor~~147. ~~Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement.~~60

~~Item~~Prepayment 9Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary 0000079287 VA 67.01 ~~Financial~~01-Oct-2004 ~~Statements~~66,000.00 ~~and~~63,707.98 ~~Exhibits~~Summary 0000097594 NJ 80.00 01-Feb-2005 320,000.00 318,282.45 Summary 0000110977 RI 79.99 01-Feb-2005 247,900.00 246,935.08 Summary 0000110999 MA 80.00 01-Feb-2005 424,000.00 422,307.43 Summary 0000116220 FL 80.00 01-Feb-2005 172,000.00 171,054.32 Summary 0000126396 LA 80.00 01-Feb-2005 645,600.00 645,600.00 Summary 0000126579 IL 80.00 01-Mar-2005 224,800.00 223,821.31 Summary 0000126888 NY 69.51 01-Feb-2005 285,000.00 283,433.07 Summary 0000126950 NY 95.00 01-Mar-2005 335,350.00 335,350.00 Summary 0000127008 NY 68.57 01-Mar-2005 960,000.00 960,000.00 Summary 0000159843 FL 90.00 01-May-2005 381,600.00 380,919.23

~~(a)~~Prepayment ~~Not~~Loan ~~applicable~~Detail ~~(b)~~- ~~Not~~Prepayments ~~applicable~~during Current Period (ccontinued) ~~Exhibits~~Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary 0000079287 Loan Paid in Full 0 6.500% 180 9 Summary 0000097594 Loan Paid in Full 0 6.625% 360 5 Summary 0000110977 Loan Paid in Full 0 8.250% 360 5 Summary 0000110999 Loan Paid in Full 0 8.125% 360 5 Summary 0000116220 Loan Paid in Full 0 6.500% 360 5 Summary 0000126396 Loan Paid in Full 0 7.250% 360 5 Summary 0000126579 Loan Paid in Full 0 6.750% 360 4 Summary 0000126888 Loan Paid in Full 0 6.500% 360 5 Summary 0000126950 Loan Paid in Full 0 7.375% 360 4 Summary 0000127008 Loan Paid in Full 0 6.375% 360 4 Summary 0000159843 Loan Paid in Full 0 8.625% 360 2

Prepayment - Voluntary Prepayments

Exhibit No.	Description
4.1	Pooling and Servicing Agreement, dated as of June 1, 2005, by and among Nomura Asset Acceptance Corporation, as Depositor, Nomura Credit & Capital, Inc., as Seller, GMAC Mortgage Corporation, as Servicer, Wells Fargo Bank, N.A., as Securities Administrator and Master Servicer and HSBC Bank USA, National Association, as Trustee relating to the Series 2005-AP2 Certificates.

~~SIGNATURES~~Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(Gain) Loss Group Losses Balance Amount Percentage Total 0 0.00 0.00 0.000%

~~Pursuant~~Realized toLoss ~~the~~Loan ~~requirements~~Detail ofReport ~~the~~- ~~Securities~~Loans ~~Exchange~~With ~~Act~~Losses ofduring ~~1934,~~Current ~~the~~Period ~~registrant~~Original ~~has~~Current ~~duly~~Loan ~~caused~~Principal ~~this~~Note ~~report~~LTV toat beOriginal ~~signed~~Group onNumber ~~its~~Balance ~~behalf~~Rate byState ~~the~~Origination ~~undersigned~~Term ~~thereunto~~No ~~duly~~losses ~~authorized~~this period.

~~Dated:~~Realized ~~July~~Loss ~~13,~~Loan ~~2005~~Detail Report - Loans With Losses during Current Period (continued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.

Realized Loss Report - Collateral Summary

~~NOMURA~~MDR ~~ASSET~~SDA ~~ACCEPTANCE~~Current ~~CORPORATION~~Month By0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. Aug-2004 N/sA N/A ~~John~~Aug-2004 PN/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% ~~Graham~~N/A ~~Name~~Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: ~~John~~Current Pvs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. ~~Graham~~Month ~~Title~~Current 12mo Avg. Aug-2004 N/A N/A Aug-2004 N/A N/A Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 N/A N/A Feb-2005 N/A N/A Mar-2005 N/A N/A Mar-2005 N/A N/A Apr-2005 N/A N/A Apr-2005 N/A N/A May-2005 N/A N/A May-2005 N/A N/A Jun-2005 N/A N/A Jun-2005 N/A N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: ~~President~~Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.1	Pooling and Servicing Agreement, dated as of June 1, 2005, by and among Nomura Asset Acceptance Corporation, as Depositor, Nomura Credit & Capital, Inc., as Seller, GMAC Mortgage Corporation, as Servicer, Wells Fargo Bank, N.A., as Securities Administrator and Master Servicer and HSBC Bank USA, National Association, as Trustee relating to the Series 2005-AP2 Certificates.	7

Filing Compare · Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-AP2