8-K 1 aeg05003_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 AEGIS ASSET BACKED SECURITIES TRUST Asset Backed Securities, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-124934-01 Pooling and Servicing Agreement) (Commission N/A (State or other File Number) IRS EIN jurisdiction of Incorporation) 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 AEGIS ASSET BACKED SECURITIES TRUST, Asset Backed Securities, 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 Asset Backed Securities, Series 2005-3 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. AEGIS ASSET BACKED SECURITIES TRUST Asset Backed Securities, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as 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 Securities, Series 2005-3 Trust, relating to the July 25, 2005 distribution. EX-99.1

~~UNITED~~AEGIS ~~STATES~~Asset Backed Securities Trust Asset Backed Securities Record Date: 6/30/2005 Distribution Date: 7/25/2005 AEGIS Asset Backed Securities Trust Asset Backed Securities 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 A1 00764MFN2 SEN 3.42000% 301,758,000.00 774,009.27 A2 00764MFP7 SEN 3.56000% 320,777,000.00 856,474.59 A3 00764MFQ5 SEN 3.69000% 40,890,000.00 113,163.07 M1 00764MFR3 MEZ 3.79000% 34,000,000.00 96,645.00 M2 00764MFS1 MEZ 3.80000% 30,175,000.00 85,998.75 M3 00764MFT9 MEZ 3.81000% 19,125,000.00 54,649.69 M4 00764MFU6 MEZ 3.96000% 17,425,000.00 51,752.25 M5 00764MFV4 MEZ 3.99000% 15,725,000.00 47,057.06 M6 00764MFW2 MEZ 4.02000% 15,725,000.00 47,410.87 B1 00764MFX0 SUB 4.52000% 13,600,000.00 46,104.00 B2 00764MFY8 SUB 4.67000% 11,475,000.00 40,191.19 B3 00764MFZ5 SUB 5.12000% 9,350,000.00 35,904.00 N1 00764MGA9 SEN 4.75000% 35,280,000.00 125,685.00 N2 00764MGB7 SEN 6.00000% 8,820,000.00 39,690.00 CE AEG05003C SEN 0.00000% 0.00 0.00 Totals 874,125,000.00 2,414,734.74

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~(continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A1 2,612,630.81 0.00 299,145,369.19 3,386,640.08 0.00 A2 0.00 0.00 320,777,000.00 856,474.59 0.00 A3 0.00 0.00 40,890,000.00 113,163.07 0.00 M1 0.00 0.00 34,000,000.00 96,645.00 0.00 M2 0.00 0.00 30,175,000.00 85,998.75 0.00 M3 0.00 0.00 19,125,000.00 54,649.69 0.00 M4 0.00 0.00 17,425,000.00 51,752.25 0.00 M5 0.00 0.00 15,725,000.00 47,057.06 0.00 M6 0.00 0.00 15,725,000.00 47,410.87 0.00 B1 0.00 0.00 13,600,000.00 46,104.00 0.00 B2 0.00 0.00 11,475,000.00 40,191.19 0.00 B3 0.00 0.00 9,350,000.00 35,904.00 0.00 N1 2,472,243.83 0.00 32,807,756.17 2,597,928.83 0.00 N2 0.00 0.00 8,820,000.00 39,690.00 0.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 5,084,874.64 0.00 869,040,125.36 7,499,609.38 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) A1 301,758,000.00 D301,758,000.C00 0. ~~20549~~00 2,612,630.81 0.00 0.00 A2 320,777,000.00 320,777,000.00 0.00 0.00 0.00 0.00 A3 40,890,000.00 40,890,000.00 0.00 0.00 0.00 0.00 M1 34,000,000.00 34,000,000.00 0.00 0.00 0.00 0.00 M2 30,175,000.00 30,175,000.00 0.00 0.00 0.00 0.00 M3 19,125,000.00 19,125,000.00 0.00 0.00 0.00 0.00 M4 17,425,000.00 17,425,000.00 0.00 0.00 0.00 0.00 M5 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 M6 15,725,000.00 15,725,000.00 0.00 0.00 0.00 0.00 B1 13,600,000.00 13,600,000.00 0.00 0.00 0.00 0.00 B2 11,475,000.00 11,475,000.00 0.00 0.00 0.00 0.00 B3 9,350,000.00 9,350,000.00 0.00 0.00 0.00 0.00 N1 35,280,000.00 35,280,000.00 0.00 2,472,243.83 0.00 0.00 N2 8,820,000.00 8,820,000.00 0.00 0.00 0.00 0.00 CE 0.00 0.00 0.00 0.00 0.00 0.00 Totals 874,125,000.00 874,125,000.00 0.00 5,084,874.64 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.

~~FORM~~Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A1 2,612,630.81 299,145,369.19 0.99134197 2,612,630.81 A2 0.00 320,777,000.00 1.00000000 0.00 A3 0.00 40,890,000.00 1.00000000 0.00 M1 0.00 34,000,000.00 1.00000000 0.00 M2 0.00 30,175,000.00 1.00000000 0.00 M3 0.00 19,125,000.00 1.00000000 0.00 M4 0.00 17,425,000.00 1.00000000 0.00 M5 0.00 15,725,000.00 1.00000000 0.00 M6 0.00 15,725,000.00 1.00000000 0.00 B1 0.00 13,600,000.00 1.00000000 0.00 B2 0.00 11,475,000.00 1.00000000 0.00 B3 0.00 9,350,000.00 1.00000000 0.00 N1 2,472,243.83 32,807,756.17 0.92992506 2,472,243.83 N2 0.00 8-K,820,000.00 1.00000000 0.00 CE 0.00 0.00 0.00000000 0.00 Totals 5,084,874.64 869,040,125.36 0.99418290 5,084,874.64

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 301,758,000.00 1000.00000000 0.00000000 8.65803329 0.00000000 A2 320,777,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A3 40,890,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 34,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 30,175,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 19,125,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 17,425,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 15,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 13,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 11,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 9,350,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N1 35,280,000.00 1000.00000000 0.00000000 70.07493849 0.00000000 N2 8,820,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 0.00 0.00000000 0.00000000 0.00000000 0.00000000

~~PURSUANT~~Principal TODistribution ~~SECTION~~Factors 13Statement OR(continued) 15Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (d3) OFReduction ~~THE~~Balance Percentage Distribution A1 0.00000000 8.65803329 991.34196671 0.99134197 8.65803329 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 N1 0.00000000 70.07493849 929.92506151 0.92992506 70.07493849 N2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 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.

~~SECURITIES~~Interest ~~EXCHANGE~~Distribution ~~ACT~~Statement OFBeginning ~~1934~~Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A1 301,758,000.00 3.42000% 301,758,000.00 774,009.27 0.00 0.00 A2 320,777,000.00 3.56000% 320,777,000.00 856,474.59 0.00 0.00 A3 40,890,000.00 3.69000% 40,890,000.00 113,163.08 0.00 0.00 M1 34,000,000.00 3.79000% 34,000,000.00 96,645.00 0.00 0.00 M2 30,175,000.00 3.80000% 30,175,000.00 85,998.75 0.00 0.00 M3 19,125,000.00 3.81000% 19,125,000.00 54,649.69 0.00 0.00 M4 17,425,000.00 3.96000% 17,425,000.00 51,752.25 0.00 0.00 M5 15,725,000.00 3.99000% 15,725,000.00 47,057.06 0.00 0.00 M6 15,725,000.00 4.02000% 15,725,000.00 47,410.87 0.00 0.00 B1 13,600,000.00 4.52000% 13,600,000.00 46,104.00 0.00 0.00 B2 11,475,000.00 4.67000% 11,475,000.00 40,191.19 0.00 0.00 B3 9,350,000.00 5.12000% 9,350,000.00 35,904.00 0.00 0.00 N1 35,280,000.00 4.75000% 35,280,000.00 125,685.00 0.00 0.00 N2 8,820,000.00 6.00000% 8,820,000.00 39,690.00 0.00 0.00 CE 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 874,125,000.00 2,414,734.75 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) Distribution Shortfall Balance A1 0.00 0.00 774,009.27 0.00 299,145,369.19 A2 0.00 0.00 856,474.59 0.00 320,777,000.00 A3 0.00 0.00 113,163.07 0.00 40,890,000.00 M1 0.00 0.00 96,645.00 0.00 34,000,000.00 M2 0.00 0.00 85,998.75 0.00 30,175,000.00 M3 0.00 0.00 54,649.69 0.00 19,125,000.00 M4 0.00 0.00 51,752.25 0.00 17,425,000.00 M5 0.00 0.00 47,057.06 0.00 15,725,000.00 M6 0.00 0.00 47,410.87 0.00 15,725,000.00 B1 0.00 0.00 46,104.00 0.00 13,600,000.00 B2 0.00 0.00 40,191.19 0.00 11,475,000.00 B3 0.00 0.00 35,904.00 0.00 9,350,000.00 N1 0.00 0.00 125,685.00 0.00 32,807,756.17 N2 0.00 0.00 39,690.00 0.00 8,820,000.00 CE 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,414,734.74 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.

~~June~~Interest 28Distribution 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 A1 301,758,000.00 ~~2005~~3.42000% 1000.00000000 2.56500000 0.00000000 0.00000000 A2 320,777,000.00 3.56000% 1000.00000000 2.67000000 0.00000000 0.00000000 A3 40,890,000.00 3.69000% 1000.00000000 2.76750012 0.00000000 0.00000000 M1 34,000,000.00 3.79000% 1000.00000000 2.84250000 0.00000000 0.00000000 M2 30,175,000.00 3.80000% 1000.00000000 2.85000000 0.00000000 0.00000000 M3 19,125,000.00 3.81000% 1000.00000000 2.85750013 0.00000000 0.00000000 M4 17,425,000.00 3.96000% 1000.00000000 2.97000000 0.00000000 0.00000000 M5 15,725,000.00 3.99000% 1000.00000000 2.99249984 0.00000000 0.00000000 M6 15,725,000.00 4.02000% 1000.00000000 3.01499968 0.00000000 0.00000000 B1 13,600,000.00 4.52000% 1000.00000000 3.39000000 0.00000000 0.00000000 B2 11,475,000.00 4.67000% 1000.00000000 3.50250022 0.00000000 0.00000000 B3 9,350,000.00 5.12000% 1000.00000000 3.84000000 0.00000000 0.00000000 N1 35,280,000.00 4.75000% 1000.00000000 3.56250000 0.00000000 0.00000000 N2 8,820,000.00 6.00000% 1000.00000000 4.50000000 0.00000000 0.00000000 CE 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

~~AEGIS~~Interest ~~ASSET~~Distribution ~~BACKED~~Factors ~~SECURITIES~~Statement ~~CORPORATION~~(continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (as6) ~~Depositor~~Distribution ~~under~~Shortfall ~~the~~Balance ~~Indenture~~A1 ~~dated~~0.00000000 as0.00000000 of2.56500000 ~~June~~0.00000000 1,991.34196671 ~~2005,~~A2 ~~providing~~0.00000000 ~~for~~0.00000000 ~~the~~2.67000000 ~~issuance~~0.00000000 of1000.00000000 ~~Aegis~~A3 ~~Asset~~0.00000000 ~~Backed~~0.00000000 ~~Securities~~2.76749988 ~~Trust~~0.00000000 ~~2005-~~1000.00000000 M1 0.00000000 0.00000000 2.84250000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.85000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.85750013 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.97000000 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.99249984 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3,.01499968 ~~Mortgage~~0.00000000 ~~Backed~~1000.00000000 ~~Notes~~B1 0.00000000 0.00000000 3.39000000 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.50250022 0.00000000 1000.00000000 B3 0.00000000 0.00000000 3.84000000 0.00000000 1000.00000000 N1 0.00000000 0.00000000 3.56250000 0.00000000 929.92506151 N2 0.00000000 0.00000000 4.50000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 0.00000000 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.

~~Aegis~~CERTIFICATEHOLDER ~~Asset~~ACCOUNT ~~Backed~~STATEMENT ~~Securities~~CERTIFICATE ~~Corporation~~ ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 8,224,113.30 Liquidations, 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 0.00 Total Deposits 8,224,113.30 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 350,499.65 Payment of Interest and Principal 7,873,613.65 Total Withdrawals (Pool Distribution Amount) 8,224,113.30 Ending Balance 0.00

~~(Exact~~PREPAYMENT/CURTAILMENT ~~Name~~INTEREST ofSHORTFALL ~~Registrant~~Total asPrepayment/Curtailment ~~Specified~~Interest inShortfall ~~its~~0.00 ~~Charter)~~Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

Delaware	333-124934	43-1964014
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3250 Briarpark, Suite 400, Houston, Texas		77042
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s~~LOAN ~~telephone~~STATUS ~~number~~STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENT BANKRUPTCY FORECLOSURE 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 0-29 Days 1 0 0 1 172,430.85 ~~including~~0.00 ~~area~~0.00 ~~code: 800~~172,430.85 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 1 0 0 1 0.00 172,430.85 0.00 0.00 172,430.85 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-~~991-5625~~29 Days 0.014411% 0.000000% 0.000000% 0.014411% 0.020340% 0.000000% 0.000000% 0.020340% 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% 0.014411% 0.000000% 0.000000% 0.014411% 0.000000% 0.020340% 0.000000% 0.000000% 0.020340%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Fixed Rate No ~~Change~~ 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 Adjustable Rate 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 1 0 0 1 172,430.85 0.00 0.00 172,430.85 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 1 0 0 1 0.00 172,430.85 0.00 0.00 172,430.85 0-29 Days 0.020563% 0.000000% 0.000000% 0.020563% 0.023831% 0.000000% 0.000000% 0.023831% 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% 0.020563% 0.000000% 0.000000% 0.020563% 0.000000% 0.023831% 0.000000% 0.000000% 0.023831%

~~(Former~~OTHER ~~Name~~INFORMATION orCurrent ~~Former~~Period ~~Address,~~Class ifA ~~Changed~~Insufficient ~~Since~~Funds ~~Last~~0.00 ~~Report)~~Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

REO Detail - All Mortgage Loans in REO during Current Period

~~Check~~Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-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 ~~appropriate~~above ~~box~~table ~~below~~is ifpresented graphically on the ~~Form~~monthly 8bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Fixed Rate 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-K04 ~~filing~~0.000% isOriginal ~~intended~~Principal toBalance ~~simultaneously~~0.00 ~~satisfy~~Sep-04 0.000% Current Principal Balance 0.00 Oct-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 ~~filing~~above ~~obligation~~table ofis presented graphically on the ~~registrant~~monthly ~~under~~bond ~~any~~remittance ofreport. The monthly bond remittance report can be viewed online at www.ctslink.com. Adjustable Rate 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% Current Principal Balance 0.00 Oct-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 ~~following~~above ~~provisions:~~table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~[ ]~~REO ~~Written~~Loan ~~communications~~Detail ~~pursuant~~- toAll ~~Rule~~Mortgage ~~425~~Loans ~~under~~in ~~the~~REO ~~Securities~~during ~~Act~~Current ~~(17~~Period ~~CFR~~Month ~~230~~Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance No REO loans this period.~~425)~~

~~[ ]~~REO ~~Soliciting~~Loan ~~material~~Detail ~~pursuant~~- toAll ~~Rule~~Mortgage ~~14a-12~~Loans ~~under~~in ~~the~~REO ~~Exchange~~during ~~Act~~Current Period (17continued) ~~CFR~~Current ~~240~~Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No REO loans this period.~~14a-12)~~

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~[ ]~~Summary ~~Pre~~12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-~~commencement~~04 ~~communications~~0.000% ~~pursuant~~Original toPrincipal ~~Rule~~Balance ~~14d~~0.00 Sep-~~2(b)~~04 ~~under~~0.000% 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 ~~Exchange~~above ~~Act~~table ~~(17~~is ~~CFR~~presented ~~240~~graphically on the monthly bond remittance report.~~14d~~ The monthly bond remittance report can be viewed online at www.ctslink.com. Fixed Rate 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-~~2(b))~~04 0.000% Original Principal Balance 0.00 Sep-04 0.000% 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. Adjustable Rate 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Aug-04 0.000% Original Principal Balance 0.00 Sep-04 0.000% 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.

~~[ ]~~Foreclosure ~~Pre~~Loan Detail -~~commencement~~ ~~communications~~All ~~pursuant~~Mortgage toLoans ~~Rule~~in ~~13e-4(c)~~Foreclosure ~~under~~during ~~the~~Current ~~Exchange~~Period ~~Act~~Month ~~(17~~Loan ~~CFR~~First ~~240~~Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.~~13e-4(c))~~

~~Item~~Foreclosure ~~8.01. Other~~Loan ~~Events~~Detail - All Mortgage Loans in Foreclosure during Current Period (continued) Current Paid Current Approximate Loan Principal To Months Loan Delinquent Group Number Balance Date Delinquent Rate Interest No Foreclosure loans this period.

~~The~~COLLATERAL ~~Registrant~~STATEMENT ~~registered~~Collateral ~~issuances~~Description ofMixed ~~Mortgage~~Fixed ~~Backed~~& ~~Notes,~~Arm onWeighted aAverage ~~delayed~~Gross orCoupon ~~continuous~~7.955228% ~~basis~~Weighted ~~pursuant~~Average toNet ~~Rule~~Coupon ~~415~~7.474062% ~~under~~Weighted ~~the~~Average ~~Securities~~Pass-Through ~~Act~~Rate of7.445406% ~~1933,~~Weighted asAverage ~~amended~~ Maturity(~~the~~Stepdown ~~“Act”~~Calculation), by354 aBeginning ~~Registration~~Scheduled ~~Statement~~Collateral onLoan ~~Form~~Count ~~S-3~~6,953 ~~(Registration~~Number ~~File~~Of ~~No.~~Loans ~~333-124934)~~Paid ~~(the~~In ~~“Registration~~Full ~~Statement”). Pursuant~~14 toEnding ~~the~~Scheduled ~~Registration~~Collateral ~~Statement~~Loan Count 6,939 ~~the~~Beginning ~~Registrant~~Scheduled ~~issued~~Collateral ~~$830~~Balance 874,~~025~~125,000.00 inEnding ~~aggregate~~Scheduled ~~principal~~Collateral ~~amount~~Balance ~~of Class A1~~847, ~~Class A2~~387,369.19 ~~Class~~Ending ~~A3,~~Actual ~~Class~~Collateral ~~M1,~~Balance ~~Class~~at ~~M2,~~30-Jun-2005 ~~Class M3~~847, ~~Class M4~~757,050.83 ~~Class~~Monthly ~~M5,~~P&I ~~Class~~Constant M66, ~~Class B1~~112,552.36 ~~Class~~Special B2Servicing ~~and~~Fee ~~Class~~0.00 B3Prepayment ofPenalties ~~Aegis~~0.00 ~~Asset~~Realized ~~Backed~~Loss ~~Securities~~Amount ~~Trust~~0.00 ~~2005-3~~Cumulative ~~Mortgage~~Realized ~~Backed~~Loss ~~Notes~~0.00 onScheduled ~~June~~Principal 28477, ~~2005~~589. ~~This~~60 ~~Current~~Unscheduled ~~Report~~Principal on2,136,478.22 ~~Form~~Required ~~8-K~~Overcollateralization isAmount ~~being~~0.00 ~~filed~~Overcollateralized toIncrease ~~satisfy~~Amount an0.00 ~~undertaking,~~Overcollateralized ~~contained~~reduction inAmount ~~the~~1,403.24 ~~definitive~~Specified ~~Prospectus~~O/C ~~dated~~Amount ~~June 10~~19, ~~2005~~975,033.77 asOvercollateralized ~~supplemented~~Amount ~~by the Prospectus Supplement dated June 10~~19, ~~2005 (collectively~~975,033.77 ~~the~~Overcollateralized ~~“Prospectus”),~~Deficiency toAmount ~~file~~0.00 aBase ~~copy~~Overcollateralized ofAmount ~~the~~0.00 ~~Trust~~Extra ~~Agreement,~~principal ~~the~~distribution ~~Transfer~~Amount ~~and~~0.00 ~~Servicing~~Excess ~~Agreement~~Cash ~~and~~Amount ~~the Indenture (each as defined below) and other operative agreements executed in connection with the issuance of the Notes and the Ownership Certificate~~2, ~~forms of which were filed as exhibits to the Registration Statement~~582,228.19

~~The~~Group ~~Ownership~~Level ~~Certificate~~Collateral ~~was~~Statement ~~issued~~Group ~~pursuant~~Fixed toRate aAdjustable ~~trust~~Rate ~~agreement~~Total ~~(the~~Collateral ~~“Trust~~Description ~~Agreement”)~~Mixed ~~dated~~Fixed asMixed ofARM ~~June~~Mixed 1Fixed & Arm Weighted Average Coupon Rate 8.868646 7.798736 7.955228 Weighted Average Net Rate 8.376380 7.303475 7.474062 Weighted Average Maturity 326 358 354 Beginning Loan Count 2,079 ~~2005~~4,874 ~~among~~6,953 ~~Aegis~~Loans ~~Asset~~Paid ~~Backed~~In ~~Securities~~Full ~~Corporation~~3 11 14 Ending Loan Count 2,076 as4,863 ~~depositor~~6,939 ~~(the~~Beginning ~~“Depositor”)~~Scheduled Balance 124,327,140.37 ~~Wilmington~~725,674,296.64 ~~Trust~~850,001,437.01 ~~Company~~Ending Scheduled Balance 124,136,072.75 as723,251,296.44 ~~owner~~847,387,369.19 ~~trustee~~Record ~~(the~~Date ~~“Owner~~06/30/2005 ~~Trustee”)~~06/30/2005 06/30/2005 Principal And Interest Constant 1,019,369.18 ~~and~~5,093,183.18 ~~Wells~~6,112,552.36 ~~Fargo~~Scheduled ~~Bank~~Principal 100,524.69 N377,064.A91 477,589.60 Unscheduled Principal 90,542.93 as2,045,935.29 ~~administrator~~2,136,478.22 ~~(the~~Scheduled ~~“Administrator”)~~Interest 918,844. ~~The~~49 ~~Notes~~4,716,118.27 ~~were~~5,634,962.76 ~~issued~~Servicing ~~pursuant~~Fees to51,001.73 an299,497.92 ~~indenture~~350,499.65 ~~(the~~Master ~~“Indenture”)~~Servicing ~~dated~~Fees as0.00 of0.00 ~~June~~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 1,554.09 ~~2005~~9,070.93 ~~among~~10,625.02 ~~Aegis~~Pool ~~Asset~~Insurance ~~Backed~~Fee ~~Securities~~0.00 ~~Trust~~0.00 ~~2005-3,~~0.00 asSpread ~~issuer~~1 ~~(the~~0.00 ~~“Issuer”~~0.00 or0.00 ~~the~~Spread ~~“Trust”),~~2 ~~the~~0.00 ~~Administrator~~0.00 ~~and~~0.00 ~~Wachovia~~Spread ~~Bank~~3 0.00 0.00 0.00 Net Interest 866,288.67 ~~National~~4,407,549.42 ~~Association~~5,273,838.09 asRealized ~~indenture~~Loss ~~trustee~~Amount ~~(the~~0.00 ~~“Indenture~~0.00 ~~Trustee”)~~0. ~~The~~00 ~~Trust~~Cumulative ~~Agreement~~Realized isLoss ~~attached~~0.00 ~~hereto~~0.00 as0.00 ~~Exhibit~~Percentage 4of Cumulative Losses 0.10000 0. ~~The~~0000 ~~Indenture~~0.0000 isPrepayment ~~attached~~Penalties ~~hereto~~0.00 as0.00 ~~Exhibit~~0.00 4Special Servicing Fee 0.200 0.00 0.00 Pass-Through Rate 8.361380 7.288475 7.445406

~~The~~Prepayment ~~Notes~~Detail ~~are~~- ~~secured~~Prepayments byduring ~~the~~Current ~~assets~~Period ofSummary aLoans ~~trust~~Paid ~~estate~~In ~~(the~~Full ~~“Trust~~Repurchased ~~Estate”)~~Loans ~~that~~Original ~~consists~~Current ~~primarily~~Original ofCurrent aPrincipal ~~pool~~Principal ofPrincipal ~~certain~~Principal ~~first~~Group ~~and~~Count ~~second~~Balance ~~lien,~~Balance ~~fixed~~Count ~~and~~Balance ~~adjustable~~Balance ~~rate,~~Fixed ~~fully~~Rate ~~amortizing~~3 ~~and~~76,000.00 ~~balloon~~75,963.83 ~~residential~~0 ~~mortgage~~0.00 ~~loans~~0.00 ~~and~~Adjustable ~~related~~Rate ~~notes~~11 ~~and~~2,002,600.00 ~~mortgages~~2,002,064.95 ~~(the~~0 ~~“Mortgage~~0.00 ~~Loans”)~~0.00 ~~with~~Total an14 ~~aggregate outstanding principal balance of $850~~2,~~001~~078,~~328~~600.7000 ~~as of June 1~~2, ~~2005~~078,028.78 ~~together~~0 ~~with~~0.00 ~~certain other assets~~0. 00

~~The~~Prepayment ~~Mortgage~~Detail ~~Loans~~- ~~were~~Prepayments ~~sold~~during byCurrent ~~Aegis~~Period ~~REIT Corporation~~ (~~the “Seller”~~continued) toSummary ~~the~~Substitution ~~Depositor~~Loans ~~pursuant~~Liquidated toLoans ~~the~~Curtailments ~~terms~~Original ofCurrent aOriginal ~~Sale~~Current ~~agreement~~Principal ~~dated~~Principal asPrincipal ofPrincipal ~~June~~Curtailment 1,Group ~~2005~~Count ~~(the~~Balance ~~“Sale~~Balance ~~Agreement”),~~Count aBalance ~~form~~Balance ofAmount ~~which~~Fixed ~~was~~Rate ~~filed~~0 as0.00 an0.00 ~~exhibit~~0 to0.00 ~~the~~0.00 ~~Registration Statement~~14,633.78 ~~and~~Adjustable ~~were~~Rate ~~simultaneously~~0 ~~sold~~0.00 by0.00 ~~the~~0 ~~Depositor~~0.00 to0.00 ~~the Trust pursuant to the terms of a transfer and servicing agreement dated as of June 1~~44,585.09 ~~2005~~Total ~~(the~~0 ~~“Transfer~~0.00 ~~and~~0.00 ~~Servicing~~0 ~~Agreement”),~~0.00 ~~among the Issuer, the Depositor, the Seller, Wells Fargo Bank, N~~0.~~A.,~~00 ~~as Master Servicer~~59, ~~Administrator and Custodian, Ocwen Federal Bank FSB, as Servicer, The Murrayhill Company, as Credit Risk Manager, and the Indenture Trustee~~218. ~~A copy of the Transfer and Servicing Agreement is attached hereto as Exhibit 99.1.~~87

~~Item~~Prepayment 9Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Fixed Rate 0200150068 OH 20.00 01-Jun-2005 22,800. ~~Financial~~00 ~~Statements~~22,745.24 ~~and~~Fixed ~~Exhibits~~Rate 0200164200 KS 19.81 01-Jun-2005 21,200.00 21,182.10 Fixed Rate 0200181154 TN 20.00 01-Jul-2005 32,000.00 31,981.81 Adjustable Rate 0200148120 IL 89.99 01-Jun-2005 352,600.00 352,600.00 Adjustable Rate 0200150050 OH 80.00 01-Jun-2005 91,200.00 91,083.28 Adjustable Rate 0200164192 KS 79.25 01-Jun-2005 84,800.00 84,670.81 Adjustable Rate 0200174498 RI 75.00 01-Jul-2005 201,000.00 200,851.58 Adjustable Rate 0200181402 TN 80.00 01-Jul-2005 128,000.00 127,921.33 Adjustable Rate 0400115101 CA 80.00 01-Jun-2005 202,400.00 202,232.42 Adjustable Rate 0400118667 CA 84.97 01-Jun-2005 157,200.00 157,059.22 Adjustable Rate 0400120408 MA 33.54 01-Jun-2005 109,000.00 108,905.20 Adjustable Rate 0400122917 CA 56.94 01-Jun-2005 126,400.00 126,179.33 Adjustable Rate 0500049515 CA 66.67 01-Jun-2005 500,000.00 500,000.00 Adjustable Rate 0500050067 AZ 80.00 01-May-2005 50,000.00 49,847.03

Prepayment Loan Detail - Prepayments during Current Period (acontinued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Fixed Rate 0200150068 Loan Paid in Full 0 10.740% 240 1 Fixed Rate 0200164200 Loan Paid in Full 0 10.240% 360 1 Fixed Rate 0200181154 Loan Paid in Full 0 8.810% 360 0 Adjustable Rate 0200148120 Loan Paid in Full 0 7.890% 360 1 Adjustable Rate 0200150050 Loan Paid in Full 0 8.250% 360 1 Adjustable Rate 0200164192 Loan Paid in Full 0 7.385% 360 1 Adjustable Rate 0200174498 Loan Paid in Full 0 7.525% 360 0 Adjustable Rate 0200181402 Loan Paid in Full 0 8.430% 360 0 Adjustable Rate 0400115101 Loan Paid in Full 0 10.330% 360 1 Adjustable Rate 0400118667 Loan Paid in Full 0 9.963% 360 1 Adjustable Rate 0400120408 Loan Paid in Full 0 10.100% 360 1 Adjustable Rate 0400122917 Loan Paid in Full 0 6.694% 360 1 Adjustable Rate 0500049515 Loan Paid in Full 0 6.990% 360 1 Adjustable Rate 0500050067 Loan Paid in Full 0 5.900% 360 2

Prepayment - Voluntary Prepayments

~~Not~~Summary ~~applicable~~SMM CPR PSA Current Month 0.251% Current Month 2.976% Current Month 2,264.291% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month 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 2.976% N/A Jul-2005 2,264.291% 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. Fixed Rate SMM CPR PSA Current Month 0.073% Current Month 0.871% Current Month 650.375% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month 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 0.871% N/A Jul-2005 650.375% 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. Adjustable Rate SMM CPR PSA Current Month 0.282% Current Month 3.333% Current Month 2,543.724% 3 Month Average 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month 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 3.333% N/A Jul-2005 2,543.724% 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: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Detail Report - Loans with Losses during Current Period Summary # Loans Prior Realized Current with Principal Loss/(bGain) Loss Group Losses Balance Amount Percentage Fixed Rate 0 0.00 0.00 0.000% Adjustable Rate 0 0.00 0.00 0.000% Total 0 0.00 0.00 0.000%

~~Not~~Realized ~~applicable~~Loss Loan Detail Report - Loans With Losses during Current Period Original Current Loan Principal Note LTV at Original Group Number Balance Rate State Origination Term No losses this period.

Realized Loss Loan Detail Report - Loans With Losses during Current Period (ccontinued) Prior Cumulative Loan Principal Realized Realized Group Number Balance Loss/(Gain) Loss/(Gain) No losses this period.

Realized Loss Report - Collateral Summary

~~Exhibits~~MDR SDA 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% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month 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. 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: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month 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. Fixed Rate MDR SDA 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% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month 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. 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: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month 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. Adjustable Rate MDR SDA 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% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month 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. 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: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month 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: 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)

4.1

Trust Agreement dated as of June 1, 2005, among Aegis Asset Backed Securities Corporation, as Depositor, Wilmington Trust Company, as Owner Trustee, and Wells Fargo Bank, N.A., as Administrator.

4.2

Indenture dated as of June 1, 2005, among Aegis Asset Backed Securities Trust 2005-3, as Issuer, Wells Fargo Bank, N.A., as Administrator, and Wachovia Bank, National Association, as Indenture Trustee.

99.1

Transfer and Servicing Agreement dated as of June 1, 2005, among Aegis Asset Backed Securities Trust 2005-3, as Issuer, Aegis Asset Backed Securities Corporation, as Depositor, Aegis REIT Corporation, as Seller, Wells Fargo Bank, N.A., as Master Servicer, Administrator, and Custodian, Ocwen Federal Bank FSB, as Servicer, The Murrayhill Company, as Credit Risk Manager, and Wachovia Bank, National Association, as Indenture Trustee.

99.2

Administration Agreement dated as of June 1, 2005, among Aegis Asset Backed Securities Trust 2005-3, as Issuer, Wells Fargo Bank, N.A., as Administrator, Wilmington Trust Company, as Owner Trustee, Wachovia Bank, National Association, as Indenture Trustee, and Aegis Asset Backed Securities Corporation, as Depositor.

99.3

Swap Agreement and Cap Agreement, each dated as of June 28, 2005 (including schedules and trade confirms and ISDA Master Agreement), each between Credit Suisse First Boston International and Aegis Asset Backed Securities Trust 2005-3.

99.4

Class N Cap Agreement dated as of June 28, 2005 (including schedules and trade confirms and ISDA Master Agreement (by reference)), between Bear Stearns Financial Products Inc. and Aegis Asset Backed Securities Trust 2005-3.

99.5

Subservicing Agreement dated as of June 1, 2005, by and between Ocwen Federal Bank FSB, as Servicer, and Aegis Mortgage Corporation, as Subservicer.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AEGIS ASSET BACKED SECURITIES CORPORATION

By: /s/ Pat Walden

Name: Pat Walden Title: President

Dated:

June 28, 2005

EXHIBIT INDEX

Exhibit No.

Description

4.1

Trust Agreement dated as of June 1, 2005, among Aegis Asset Backed Securities Corporation, as Depositor, Wilmington Trust Company, as Owner Trustee, and Wells Fargo Bank, N.A., as Administrator.

4.2

99.1

Transfer and Servicing Agreement dated as of June 1, 2005, among Aegis Asset Backed Securities Trust 2005-3, as Issuer, Aegis Asset Backed Securities Corporation, as Depositor, Aegis REIT Corporation, as Seller, Wells Fargo Bank, N.A., as Master Servicer, Administrator, and Custodian, Ocwen Federal Bank FSB, as Servicer, The Murrayhill Company, as Credit Risk Manager and Wachovia Bank, National Association, as Indenture Trustee.

99.2

99.3

99.4

Class N Cap Agreement, dated as of June 28, 2005 (including schedules and trade confirms and ISDA Master Agreement (by reference)) between Bear Stearns Financial Products Inc. and Aegis Asset Backed Securities Trust 2005-3.

99.5

Subservicing Agreement dated as of June 1, 2005, by and between Ocwen Federal Bank FSB, as Servicer, and Aegis Mortgage Corporation, as Subservicer.

Filing Compare · AEGIS ASSET BACKED SECURITIES TRUST 2005-3