8-K 1 ace05he4_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-123741-03 Pooling and Servicing Agreement) (Commission 54-2176701 (State or other File Number) 54-2176702 jurisdiction 54-2176703 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On July 25, 2005 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-HE4 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2005-HE4 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 Asset Backed Pass-Through Certificates, Series 2005-HE4 Trust, relating to the July 25, 2005 distribution. EX-99.1

~~INITIAL~~ACE ~~CERTIFICATE~~Securities ~~CLASS~~Corporation ~~PRINCIPAL~~Asset ~~BALANCE(1)~~Backed ~~PASS~~Pass-~~THROUGH~~Through ~~RATE~~Certificates Record Date: 6/30/2005 Distribution Date: 7/25/2005 ACE Securities Corporation Asset Backed Pass-~~----------------------------~~Through Certificates Series ACE 2005-~~--------------------~~HE4 Contact: Customer Service -~~------------------------------~~ CTSLink Wells Fargo Bank, N.A~~-1A~~.~~......................~~ $Securities ~~516,015,000~~Administration ~~One-Month~~Services ~~LIBOR~~7485 +New 0Horizon Way Frederick, MD 21703 www.~~23%~~ctslink.com Telephone: (2301) 815-6600 Fax: (3301) A815-~~1B.......................~~6660 $Certificateholder ~~129,004,000~~Distribution ~~One~~Summary Certificate Certificate Beginning Class Pass-~~Month~~Through ~~LIBOR~~Certificate +Interest ~~0.28%~~Class ~~(2)(3)~~CUSIP Description Rate Balance Distribution A-~~2A.......................~~1A $004421PK3 ~~317~~SEN 3.55563% 516,~~493~~015,000.00 ~~One~~1,325,103.30 A-~~Month~~1B ~~LIBOR~~004421PL1 +SEN 03.1160563% ~~(2)(3)~~129,004,000.00 335,934.94 A-~~2B.......................~~2A $004421PM9 ~~103~~SEN 3.43563% 317,~~646~~493,000.00 ~~One~~787,791.68 A-~~Month~~2B ~~LIBOR~~004421PN7 +SEN 03.2557563% ~~(2)(3)~~103,646,000.00 267,655.37 A-2C~~.......................~~ $004421PP2 SEN 3.72563% 82,750,000.00 ~~One-Month LIBOR + 0~~222,658.~~40%~~14 ~~(2)(3)~~ M-1~~........................~~ $004421PQ0 MEZ 3.82563% 52,555,000.00 ~~One-Month LIBOR + 0~~145,207.~~50%~~10 ~~(2)(3)~~ M-2~~........................~~ $004421PR8 MEZ 3.84563% 45,256,000.00 ~~One-Month LIBOR + 0~~125,693.~~52%~~99 ~~(2)(3)~~ M-3~~........................~~ $004421PS6 MEZ 3.89563% 26,277,000.00 ~~One-Month LIBOR + 0~~73,930.~~57%~~62 ~~(2)(3)~~ M-4~~........................~~ $004421PT4 MEZ 3.97563% 24,818,000.00 ~~One-Month LIBOR + 0~~71,259.~~65%~~63 ~~(2)(3)~~ M-5~~........................~~ $004421PU1 MEZ 3.99563% 22,628,000.00 ~~One-Month LIBOR + 0~~65,298.~~67%~~36 ~~(2)(3)~~ M-6~~........................~~ $004421PV9 MEZ 4.05563% 20,438,000.00 ~~One~~59,864.25 M-~~Month~~7 ~~LIBOR~~004421PW7 +MEZ 04.7360563% ~~(2)(3)~~18,978,000.00 63,126.30 M-~~7........................~~8 $004421PX5 18MEZ 4.72563% 17,~~978~~518,000.00 ~~One~~59,788.15 M-~~Month~~9 ~~LIBOR~~004421PY3 +MEZ 15.2822563% ~~(2)(3)~~12,409,000.00 46,832.39 M-810 004421PZ0 MEZ 6.32563% 10,219,000.00 46,685.61 B-1 004421QA4 SUB 6.32563% 13,869,000.00 63,360.~~..................~~67 $B-2 004421QB2 SUB 6.32563% 17,518,000.00 ~~One~~80,031.17 B-~~Month~~3 ~~LIBOR~~004421QC0 +SUB 16.4032563% ~~(2)(3)~~16,058,000.00 M73,361.14 CE-91 ACE05H4C1 SUB 0.00000% 0.~~......................~~00 ~~$ 12~~2,409,~~000~~206.49 ~~One~~CE-~~Month~~2 ~~LIBOR~~ACE05H4C2 +SEN 10.9000000% ~~(2)(3)~~0.00 ~~M-10~~0.00 P ACE05HE4P SEN 0.00000% 100.00 20,355.97 R ACE05H4R1 SEN 0.00000% 0.00 0.~~................~~00 $Totals 101,~~219~~447,~~000 One-Month LIBOR + 3~~449,100.00% ~~(2)(3)~~6,343,145.27

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 3,017,512.12 0.00 512,997,487.88 4,342,615.42 0.00 A-1B 754,379.49 0.00 128,249,620.51 1,090,314.43 0.00 A-2A 5,542,466.66 0.00 311,950,533.34 6,330,258.34 0.00 A-2B 0.00 0.00 103,646,000.00 267,655.37 0.00 A-2C 0.00 0.00 82,750,000.00 222,658.14 0.00 M-1 0.00 0.00 52,555,000.00 145,207.10 0.00 M-2 0.00 0.00 45,256,000.00 125,693.99 0.00 M-~~---------~~3 0.00 0.00 26,277,000.00 73,930.62 0.00 M-~~-------------------------------------------------------------------------~~4 ~~EXHIBIT~~0.00 NO0.00 ~~DESCRIPTION~~24,818,000.00 71,259.63 0.00 M-~~----------------~~5 0.00 0.00 22,628,000.00 65,298.36 0.00 M-~~-------------------------------------------------------------------------~~6 40.100 ~~Pooling~~0.00 ~~and~~20,438,000.00 ~~Servicing~~59,864.25 ~~Agreement~~0.00 M-7 0.00 0.00 18,978,000.00 ~~dated~~63,126.30 as0.00 ofM-8 ~~June~~0.00 10.00 17,518,000.00 ~~2005~~59,788.15 by0.00 ~~and~~M-9 ~~among~~0.00 ~~ACE~~0.00 ~~Securities~~12,409,000.00 ~~Corp~~46,832.39 0.00 M-10 0.00 0.00 10,219,000.00 as46,685.61 ~~Depositor~~0.00 B-1 0.00 0.00 13,869,000.00 ~~Wells~~63,360.67 ~~Fargo~~0.00 ~~Bank~~B-2 0.00 0.00 17,518,000.00 N80,031.A17 0.00 B-3 0.00 0.00 16,058,000.00 as73,361.14 ~~Master~~0.00 ~~Servicer~~CE-1 ~~and~~0.00 ~~Securities~~0.00 ~~Administrator~~12,408,798.07 ~~Countrywide~~2,409,206.49 ~~Home~~0.00 ~~Loans~~CE-2 ~~Servicing~~0.00 LP0.00 as0.00 a0.00 ~~Servicer,~~0.00 ~~Saxon~~P ~~Mortgage~~0.00 ~~Services~~0.00 100.00 20,355.97 ~~Inc~~0.00 asR a0.00 ~~Servicer~~0.00 0.00 0.00 0.00 Totals 9,314,358.27 ~~Ocwen~~0.00 ~~Federal~~1,450,543,539.80 ~~Bank~~15,657,503.54 ~~FSB~~0.00 asAll adistributions ~~Servicer~~required ~~and~~by ~~HSBC~~the ~~Bank~~Pooling ~~USA,~~and ~~National~~Servicing ~~Association,~~Agreement ashave ~~Trustee~~been ~~relating~~calculated toby the ~~Series~~Certificate ~~2005-HE4~~Administrator ~~Certificates.~~on ~~-----------------~~behalf ~~--------------------------------------------------------------------------~~of the Trustee.

~~Sequentially~~Principal ~~Exhibit~~Distribution NoStatement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 516,015,000.00 ~~Description~~516,015,000.00 ~~Numbered~~0.00 ~~Page~~3,017,512.12 0.00 0.00 A-1B 129,004,000.00 129,004,000.00 0.00 754,379.49 0.00 0.00 A-2A 317,493,000.00 317,493,000.00 0.00 5,542,466.66 0.00 0.00 A-2B 103,646,000.00 103,646,000.00 0.00 0.00 0.00 0.00 A-2C 82,750,000.00 82,750,000.00 0.00 0.00 0.00 0.00 M-~~------~~1 52,555,000.00 52,555,000.00 0.00 0.00 0.00 0.00 M-~~----------~~2 45,256,000.00 45,256,000.00 0.00 0.00 0.00 0.00 M-~~------------~~3 26,277,000.00 26,277,000.00 0.00 0.00 0.00 0.00 M-4 24,818,000.100 ~~Pooling~~24,818,000.00 ~~and~~0.00 ~~Servicing~~0.00 ~~Agreement~~0.00 0.00 M-5 22,628,000.00 ~~dated~~22,628,000.00 as0.00 of0.00 ~~June~~0.00 10.00 M-6 20,438,000.00 ~~2005~~20,438,000.00 by0.00 0.00 0.00 0.00 M-7 ~~and~~18,978,000.00 ~~among~~18,978,000.00 ~~ACE~~0.00 ~~Securities~~0.00 ~~Corp~~0.,00 as0.00 ~~Depositor~~M-8 17,518,000.00 ~~Wells~~17,518,000.00 ~~Fargo~~0.00 ~~Bank,~~0.00 N0.A00 0.00 M-9 12,409,000.00 as12,409,000.00 ~~Master~~0.00 ~~Servicer~~0.00 ~~and~~0.00 ~~Securities~~0.00 ~~Administrator~~M-10 10,219,000.00 ~~Countrywide~~10,219,000.00 ~~Home~~0.00 ~~Loans~~0.00 ~~Servicing~~0.00 LP0.00 asB-1 a13,869,000.00 ~~Servicer~~13,869,000.00 ~~Saxon~~0.00 ~~Mortgage~~0.00 ~~Services~~0.00 0.00 B-2 17,518,000.00 ~~Inc~~17,518,000.00 as0.00 a0.00 ~~Servicer~~0.00 0.00 B-3 16,058,000.00 ~~Ocwen~~16,058,000.00 ~~Federal~~0.00 ~~Bank~~0.00 ~~FSB~~0.00 as0.00 aCE-1 ~~Servicer~~0.00 ~~and~~0.00 ~~HSBC~~0.00 ~~Bank~~0.00 ~~USA~~0.00 0.00 CE-2 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 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,447,449,100.00 ~~National~~1,447,449,100.00 ~~Association~~0.00 9,314,358.27 as0.00 ~~Trustee~~0.00 ~~relating~~(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the ~~Series~~Prospectus ~~2005-HE4~~Supplement ~~Certificates~~for a Full Description.

Delinquency Status By Groups

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · ACE Securities Corp Home Equity Loan Trust 2005-HE4