8-K 1 aeg05001_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 Mortgage-Backed Notes, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-118695-02 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, Mortgage-Backed Notes, Series 2005-1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-1 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 Mortgage-Backed Notes, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/27/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2005-1 Trust, relating to the July 25, 2005 distribution. EX-99.1

AEGIS Asset Backed Securities Trust Mortgage-Backed Notes Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 AEGIS Asset Backed Securities Trust Mortgage-Backed Notes Series 2005-1 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 IA1 00764MEE3 SEN 3.~~21000~~43438% ~~188~~178,~~832~~719,~~755~~771.2359 ~~555~~477,~~640~~393.3847 IA2 00764MEF0 SEN 3.~~34000~~56438% 228,573,000.00 ~~699~~633,~~814~~671.3391 IA3 00764MEG8 SEN 3.~~44000~~66438% 35,655,000.00 ~~112~~101,~~432~~619.1036 IIA1 00764MEH6 SEN 3.~~34000~~56438% ~~194~~188,~~040~~843,~~629~~590.7832 ~~594~~523,~~087~~530.7325 IIA2 00764MEJ2 SEN 3.~~40000~~62438% 4847,~~578~~276,~~071~~992.6784 ~~151~~133,~~401~~272.6606 M1 00764MEK9 MEZ 3.~~57000~~79438% 31,500,000.00 ~~103~~92,~~083~~962.7531 M2 00764MEL7 MEZ 3.~~59000~~81438% 29,700,000.00 9788,~~737~~112.7518 M3 00764MEM5 MEZ 3.~~64000~~86438% 18,000,000.00 6054,~~060~~101.0032 M4 00764MEN3 MEZ 34.~~79000~~01438% 16,650,000.00 5751,~~844~~986.8822 M5 00764MEP8 MEZ 34.~~84000~~06438% 15,750,000.00 5549,~~440~~788.0065 M6 00764MEQ6 MEZ 34.~~88000~~10438% 14,400,000.00 5145,~~216~~969.0006 B1 00764MER4 SUB 4.~~34000~~56438% 11,250,000.00 4439,~~756~~938.2532 B2 00764MES2 SUB 4.~~39000~~61438% 9,900,000.00 3935,~~839~~530.2573 B3 00764MET0 SUB 5.~~09000~~31438% 9,000,000.00 4137,~~992~~200.5066 N1 00764MEU7 UNK 4.25000% 2725,~~909~~440,~~961~~356.8914 9890,~~847~~101.7826 N2 00764MEV5 UNK 4.75000% 7,620,000.00 30,162.50 C AEG05001C SUB 0.00000% 0.00 0.00 Totals ~~887~~868,~~359~~278,~~418~~710.5789 2,~~794~~485,~~356~~340.8626

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses IA1 1013,~~112~~521,~~983~~774.6422 0.00 ~~178~~165,~~719~~197,~~771~~997.5937 1013,~~668~~999,~~624~~167.0269 0.00 IA2 0.00 0.00 228,573,000.00 ~~699~~633,~~814~~671.3391 0.00 IA3 0.00 0.00 35,655,000.00 ~~112~~101,~~432~~619.1036 0.00 IIA1 56,~~197~~649,~~039~~735.4693 0.00 ~~188~~182,~~843~~193,~~590~~854.3240 57,~~791~~173,~~127~~266.1918 0.00 IIA2 1,~~301~~664,~~078~~761.8339 0.00 4745,~~276~~612,~~992~~231.8445 1,~~452~~798,~~480~~033.4945 0.00 M1 0.00 0.00 31,500,000.00 ~~103~~92,~~083~~962.7531 0.00 M2 0.00 0.00 29,700,000.00 9788,~~737~~112.7518 0.00 M3 0.00 0.00 18,000,000.00 6054,~~060~~101.0032 0.00 M4 0.00 0.00 16,650,000.00 5751,~~844~~986.8822 0.00 M5 0.00 0.00 15,750,000.00 5549,~~440~~788.0065 0.00 M6 0.00 0.00 14,400,000.00 5145,~~216~~969.0006 0.00 B1 0.00 0.00 11,250,000.00 4439,~~756~~938.2532 0.00 B2 0.00 0.00 9,900,000.00 3935,~~839~~530.2573 0.00 B3 0.00 0.00 9,000,000.00 4137,~~992~~200.5066 0.00 N1 2,~~469~~408,~~605~~677.7638 0.00 2523,~~440~~031,~~356~~678.1476 2,~~568~~498,~~453~~778.5464 0.00 N2 0.00 0.00 7,620,000.00 30,162.50 0.00 C 0.00 0.00 0.00 0.00 0.00 Totals 1924,~~080~~244,~~707~~948.6992 0.00 ~~868~~844,~~278~~033,~~710~~761.8998 2126,~~875~~730,~~064~~289.5518 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) IA1 209,302,000.00 ~~188~~178,~~832~~719,~~755~~771.2359 0.00 1013,~~112~~521,~~983~~774.6422 0.00 0.00 IA2 228,573,000.00 228,573,000.00 0.00 0.00 0.00 0.00 IA3 35,655,000.00 35,655,000.00 0.00 0.00 0.00 0.00 IIA1 200,000,000.00 ~~194~~188,~~040~~843,~~629~~590.7832 0.00 56,~~197~~649,~~039~~735.4693 0.00 0.00 IIA2 50,070,000.00 4847,~~578~~276,~~071~~992.6784 0.00 1,~~301~~664,~~078~~761.8339 0.00 0.00 M1 31,500,000.00 31,500,000.00 0.00 0.00 0.00 0.00 M2 29,700,000.00 29,700,000.00 0.00 0.00 0.00 0.00 M3 18,000,000.00 18,000,000.00 0.00 0.00 0.00 0.00 M4 16,650,000.00 16,650,000.00 0.00 0.00 0.00 0.00 M5 15,750,000.00 15,750,000.00 0.00 0.00 0.00 0.00 M6 14,400,000.00 14,400,000.00 0.00 0.00 0.00 0.00 B1 11,250,000.00 11,250,000.00 0.00 0.00 0.00 0.00 B2 9,900,000.00 9,900,000.00 0.00 0.00 0.00 0.00 B3 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00 N1 35,300,000.00 2725,~~909~~440,~~961~~356.8914 0.00 2,~~469~~408,~~605~~677.7638 0.00 0.00 N2 7,620,000.00 7,620,000.00 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 Totals 922,670,000.00 ~~887~~868,~~359~~278,~~418~~710.5789 0.00 1924,~~080~~244,~~707~~948.6992 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.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution IA1 1013,~~112~~521,~~983~~774.6422 ~~178~~165,~~719~~197,~~771~~997.5937 0.~~85388468~~78928055 1013,~~112~~521,~~983~~774.6422 IA2 0.00 228,573,000.00 1.00000000 0.00 IA3 0.00 35,655,000.00 1.00000000 0.00 IIA1 56,~~197~~649,~~039~~735.4693 ~~188~~182,~~843~~193,~~590~~854.3240 0.~~94421795~~91096927 56,~~197~~649,~~039~~735.4693 IIA2 1,~~301~~664,~~078~~761.8339 4745,~~276~~612,~~992~~231.8445 0.~~94421795~~91096927 1,~~301~~664,~~078~~761.8339 M1 0.00 31,500,000.00 1.00000000 0.00 M2 0.00 29,700,000.00 1.00000000 0.00 M3 0.00 18,000,000.00 1.00000000 0.00 M4 0.00 16,650,000.00 1.00000000 0.00 M5 0.00 15,750,000.00 1.00000000 0.00 M6 0.00 14,400,000.00 1.00000000 0.00 B1 0.00 11,250,000.00 1.00000000 0.00 B2 0.00 9,900,000.00 1.00000000 0.00 B3 0.00 9,000,000.00 1.00000000 0.00 N1 2,~~469~~408,~~605~~677.7638 2523,~~440~~031,~~356~~678.1476 0.~~72068998~~65245549 2,~~469~~408,~~605~~677.7638 N2 0.00 7,620,000.00 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 Totals 1924,~~080~~244,~~707~~948.6992 ~~868~~844,~~278~~033,~~710~~761.8998 0.~~94105012~~91477317 1924,~~080~~244,~~707~~948.6992

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion IA1 209,302,000.00 ~~902~~853.~~20234508~~88468142 0.00000000 4864.~~31766366~~60413288 0.00000000 IA2 228,573,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IA3 35,655,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 IIA1 200,000,000.00 ~~970~~944.~~20314890~~21795160 0.00000000 2533.~~98519730~~24867965 0.00000000 IIA2 50,070,000.00 ~~970~~944.~~20314899~~21795167 0.00000000 2533.~~98519732~~24867965 0.00000000 M1 31,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 29,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 18,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 16,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 15,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 14,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 11,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 9,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 N1 35,300,000.00 ~~790~~720.~~65047847~~68997564 0.00000000 6968.~~96050312~~23448669 0.00000000 N2 7,620,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution IA1 0.00000000 4864.~~31766366~~60413288 ~~853~~789.~~88468142~~28054854 0.~~85388468~~78928055 4864.~~31766366~~60413288 IA2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IA3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 IIA1 0.00000000 2533.~~98519730~~24867965 ~~944~~910.~~21795160~~96927200 0.~~94421795~~91096927 2533.~~98519730~~24867965 IIA2 0.00000000 2533.~~98519732~~24867965 ~~944~~910.~~21795167~~96927202 0.~~94421795~~91096927 2533.~~98519732~~24867965 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 6968.~~96050312~~23448669 ~~720~~652.~~68997564~~45548895 0.~~72068998~~65245549 6968.~~96050312~~23448669 N2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 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.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall IA1 209,302,000.00 3.~~21000~~43438% ~~188~~178,~~832~~719,~~755~~771.2359 ~~555~~477,~~640~~393.3847 0.00 0.00 IA2 228,573,000.00 3.~~34000~~56438% 228,573,000.00 ~~699~~633,~~814~~671.3391 0.00 0.00 IA3 35,655,000.00 3.~~44000~~66438% 35,655,000.00 ~~112~~101,~~432~~619.1036 0.00 0.00 IIA1 200,000,000.00 3.~~34000~~56438% ~~194~~188,~~040~~843,~~629~~590.7832 ~~594~~523,~~087~~530.7325 0.00 0.00 IIA2 50,070,000.00 3.~~40000~~62438% 4847,~~578~~276,~~071~~992.6784 ~~151~~133,~~401~~272.6606 0.00 0.00 M1 31,500,000.00 3.~~57000~~79438% 31,500,000.00 ~~103~~92,~~083~~962.7531 0.00 0.00 M2 29,700,000.00 3.~~59000~~81438% 29,700,000.00 9788,~~737~~112.7518 0.00 0.00 M3 18,000,000.00 3.~~64000~~86438% 18,000,000.00 6054,~~060~~101.0032 0.00 0.00 M4 16,650,000.00 34.~~79000~~01438% 16,650,000.00 5751,~~844~~986.8822 0.00 0.00 M5 15,750,000.00 34.~~84000~~06438% 15,750,000.00 5549,~~440~~788.0065 0.00 0.00 M6 14,400,000.00 34.~~88000~~10438% 14,400,000.00 5145,~~216~~969.0006 0.00 0.00 B1 11,250,000.00 4.~~34000~~56438% 11,250,000.00 4439,~~756~~938.2532 0.00 0.00 B2 9,900,000.00 4.~~39000~~61438% 9,900,000.00 3935,~~839~~530.2573 0.00 0.00 B3 9,000,000.00 5.~~09000~~31438% 9,000,000.00 4137,~~992~~200.5066 0.00 0.00 N1 35,300,000.00 4.25000% 2725,~~909~~440,~~961~~356.8914 9890,~~847~~101.7826 0.00 0.00 N2 7,620,000.00 4.75000% 7,620,000.00 30,162.50 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 922,670,000.00 2,~~794~~485,~~356~~340.8626 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance IA1 0.00 0.00 ~~555~~477,~~640~~393.3847 0.00 ~~178~~165,~~719~~197,~~771~~997.5937 IA2 0.00 0.00 ~~699~~633,~~814~~671.3391 0.00 228,573,000.00 IA3 0.00 0.00 ~~112~~101,~~432~~619.1036 0.00 35,655,000.00 IIA1 0.00 0.00 ~~594~~523,~~087~~530.7325 0.00 ~~188~~182,~~843~~193,~~590~~854.3240 IIA2 0.00 0.00 ~~151~~133,~~401~~272.6606 0.00 4745,~~276~~612,~~992~~231.8445 M1 0.00 0.00 ~~103~~92,~~083~~962.7531 0.00 31,500,000.00 M2 0.00 0.00 9788,~~737~~112.7518 0.00 29,700,000.00 M3 0.00 0.00 6054,~~060~~101.0032 0.00 18,000,000.00 M4 0.00 0.00 5751,~~844~~986.8822 0.00 16,650,000.00 M5 0.00 0.00 5549,~~440~~788.0065 0.00 15,750,000.00 M6 0.00 0.00 5145,~~216~~969.0006 0.00 14,400,000.00 B1 0.00 0.00 4439,~~756~~938.2532 0.00 11,250,000.00 B2 0.00 0.00 3935,~~839~~530.2573 0.00 9,900,000.00 B3 0.00 0.00 4137,~~992~~200.5066 0.00 9,000,000.00 N1 0.00 0.00 9890,~~847~~101.7826 0.00 2523,~~440~~031,~~356~~678.1476 N2 0.00 0.00 30,162.50 0.00 7,620,000.00 C 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~794~~485,~~356~~340.8626 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 (5) Amount Rate Balance Interest Shortfall Shortfall IA1 209,302,000.00 3.~~21000~~43438% ~~902~~853.~~20234508~~88468142 2.~~65473039~~28088346 0.00000000 0.00000000 IA2 228,573,000.00 3.~~34000~~56438% 1000.00000000 32.~~06166664~~77229555 0.00000000 0.00000000 IA3 35,655,000.00 3.~~44000~~66438% 1000.00000000 32.~~15333333~~85007320 0.00000000 0.00000000 IIA1 200,000,000.00 3.~~34000~~56438% ~~970~~944.~~20314890~~21795160 2.~~97043865~~61765125 0.00000000 0.00000000 IIA2 50,070,000.00 3.~~40000~~62438% ~~970~~944.~~20314899~~21795167 32.~~02379988~~66171480 0.00000000 0.00000000 M1 31,500,000.00 3.~~57000~~79438% 1000.00000000 32.~~27250000~~95118444 0.00000000 0.00000000 M2 29,700,000.00 3.~~59000~~81438% 1000.00000000 32.~~29083333~~96674007 0.00000000 0.00000000 M3 18,000,000.00 3.~~64000~~86438% 1000.00000000 3.~~33666667~~00562889 0.00000000 0.00000000 M4 16,650,000.00 34.~~79000~~01438% 1000.00000000 3.~~47416697~~12229550 0.00000000 0.00000000 M5 15,750,000.00 34.~~84000~~06438% 1000.00000000 3.~~52000000~~16118413 0.00000000 0.00000000 M6 14,400,000.00 34.~~88000~~10438% 1000.00000000 3.~~55666667~~19229583 0.00000000 0.00000000 B1 11,250,000.00 4.~~34000~~56438% 1000.00000000 3.~~97833333~~55007289 0.00000000 0.00000000 B2 9,900,000.00 4.~~39000~~61438% 1000.00000000 43.~~02416667~~58896263 0.00000000 0.00000000 B3 9,000,000.00 5.~~09000~~31438% 1000.00000000 4.~~66583333~~13340667 0.00000000 0.00000000 N1 35,300,000.00 4.25000% ~~790~~720.~~65047847~~68997564 2.~~80022040~~55244363 0.00000000 0.00000000 N2 7,620,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance IA1 0.00000000 0.00000000 2.~~65473039~~28088346 0.00000000 ~~853~~789.~~88468142~~28054854 IA2 0.00000000 0.00000000 32.~~06166664~~77229555 0.00000000 1000.00000000 IA3 0.00000000 0.00000000 32.~~15333333~~85007320 0.00000000 1000.00000000 IIA1 0.00000000 0.00000000 2.~~97043865~~61765125 0.00000000 ~~944~~910.~~21795160~~96927200 IIA2 0.00000000 0.00000000 32.~~02379988~~66171480 0.00000000 ~~944~~910.~~21795167~~96927202 M1 0.00000000 0.00000000 32.~~27250000~~95118444 0.00000000 1000.00000000 M2 0.00000000 0.00000000 32.~~29083333~~96674007 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.~~33666667~~00562889 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.~~47416697~~12229550 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.~~52000000~~16118413 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~55666667~~19229583 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~97833333~~55007289 0.00000000 1000.00000000 B2 0.00000000 0.00000000 43.~~02416667~~58896263 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.~~66583333~~13340667 0.00000000 1000.00000000 N1 0.00000000 0.00000000 2.~~80022040~~55244363 0.00000000 ~~720~~652.~~68997564~~45548895 N2 0.00000000 0.00000000 3.95833333 0.00000000 1000.00000000 C 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.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2126,~~970~~880,~~230~~668.0924 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~174~~265,~~775~~929.6052 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(206,959.0091) Prepayment Penalties ~~216~~332,~~237~~565.7243 Total Deposits 2227,~~361~~272,~~243~~203.4128 Withdrawals Reimbursement for Servicer Advances ~~111~~174,~~911~~775.4260 Payment of Service Fee ~~374~~367,~~267~~138.4450 Payment of Interest and Principal 2126,~~875~~730,~~064~~289.5518 Total Withdrawals (Pool Distribution Amount) 2227,~~361~~272,~~243~~203.4128 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~363~~356,~~366~~445.4515 Credit Risk Manager Fee 10,~~900~~693.9935 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~374~~367,~~267~~138.4450

LOAN STATUS 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 1613 0 0 1613 1,~~831~~720,~~862~~507.8807 0.00 0.00 1,~~831~~720,~~862~~507.8807 30 Days ~~120~~140 3 01 0 ~~123~~144 1417,~~187~~558,~~444~~870.6530 ~~221~~110,~~276~~175.5397 095,389.0094 0.00 1417,~~408~~764,~~721~~436.1821 60 Days 5375 3 09 0 5687 59,~~960~~216,~~599~~334.1781 ~~353~~221,~~812~~276.7853 0794,667.0077 0.00 610,~~314~~232,~~411~~279.9511 90 Days 816 13 1125 0 2044 ~~925~~1,~~280~~568,477.8769 63353,~~000~~812.0078 13,~~395~~430,~~224~~791.7947 0.00 25,~~383~~353,~~505~~081.6694 120 Days 2 1 011 3 1 515 ~~154~~622,~~700~~400.00 063,000.00 ~~582~~1,~~900~~435,050.00 ~~216~~59,~~600~~200.1700 ~~954~~2,~~200~~179,650.1700 150 Days 0 0 04 01 05 0.00 0.00 0737,600.00 0216,600.0017 0954,200.0017 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals ~~182~~233 23 1450 12 ~~220~~308 2128,~~228~~966,~~024~~082.6980 2,~~469~~468,~~952~~772.1935 16,~~978~~493,~~124~~499.7918 ~~216~~275,~~600~~800.17 2538,~~892~~204,~~701~~154.8450 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.~~247947~~206186% 0.000000% 0.000000% 0.~~247947~~206186% 0.~~213990~~206233% 0.000000% 0.000000% 0.~~213990~~206233% 30 Days 12.~~859600~~220460% 0.~~046490~~047581% 0.~~000000~~015860% 0.000000% 12.~~906090~~283902% 12.~~657311~~104738% 0.~~025848~~013207% 0.~~000000~~011434% 0.000000% 12.~~683160~~129379% 60 Days 01.~~821323~~189532% 0.~~046490~~047581% 0.~~000000~~142744% 0.000000% 01.~~867813~~379857% 01.~~696289~~104739% 0.~~041331~~026524% 0.~~000000~~095255% 0.000000% 01.~~737620~~226518% 90 Days 0.~~123973~~253767% 0.~~015497~~047581% 0.~~170463~~396511% 0.000000% 0.~~309933~~697859% 0.~~108087~~188010% 0.~~007359~~042411% 0.~~162984~~411240% 0.000000% 0.~~278430~~641661% 120 Days 0.~~015497~~031721% 0.~~000000~~015860% 0.~~046490~~174465% 0.~~015497~~015860% 0.~~077483~~237906% 0.~~018071~~074606% 0.~~000000~~007552% 0.~~068092~~172016% 0.~~025302~~007096% 0.~~111465~~261269% 150 Days 0.000000% 0.000000% 0.~~000000~~063442% 0.~~000000~~015860% 0.~~000000~~079302% 0.000000% 0.000000% 0.~~000000~~088414% 0.~~000000~~025963% 0.~~000000~~114378% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 23.~~820394~~695480% 0.~~356423~~364790% 0.~~216953~~793021% 0.~~015497~~031721% 34.~~409267~~885012% 23.~~479759~~472092% 0.~~288528~~295926% 0.~~231075~~778360% 0.~~025302~~033059% 34.~~024665~~579437%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~174~~265,~~775~~929.6052

REO Detail - All Mortgage Loans in REO during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~REO ~~Mixed~~History* ~~Fixed~~New &REO ~~Arm~~Loans ~~Weighted~~Month ~~Average~~REO ~~Gross~~Percentage ~~Coupon~~Loans ~~7.632771%~~in ~~Weighted~~REO ~~Average~~1 ~~Net Coupon 7.132771% Weighted Average Pass~~Aug-~~Through~~04 ~~Rate 7~~0.~~132771~~000% ~~Weighted~~Original ~~Average~~Principal ~~Maturity(Stepdown~~Balance ~~Calculation) 346 Beginning Scheduled Collateral Loan Count 6~~59,~~548~~200.00 ~~Number~~Sep-04 Of0.000% ~~Loans~~Current ~~Paid~~Principal ~~In Full 95 Ending Scheduled Collateral Loan Count 6,453 Beginning Scheduled Collateral~~ Balance ~~872~~59,~~079,456~~200.6800 ~~Ending~~Oct-04 ~~Scheduled~~0.000% ~~Collateral~~Nov-04 ~~Balance 855,468,354~~0.75000% ~~Ending~~Current ~~Actual~~REO ~~Collateral~~Total ~~Balance at 31~~Dec-~~May-2005~~04 ~~856,051,898~~0.40000% ~~Monthly~~Loans ~~P&I~~in ~~Constant~~REO ~~6,183,990.60~~2 ~~Special~~Jan-05 ~~Servicing Fee~~ 0.00000% ~~Prepayment~~Original ~~Penalties~~Principal ~~216~~Balance 276,~~237~~000.~~72 Realized Loss Amount 0.~~00 ~~Cumulative~~Feb-05 ~~Realized Loss~~ 0.00000% ~~Scheduled~~Current Principal ~~637~~Balance 275,~~005~~800.2217 ~~Unscheduled~~Mar-05 ~~Principal 15,974,096~~0.71000% ~~Required~~Apr-05 ~~Overcollateralization~~0.000% ~~Amount~~May-05 0.00000% ~~Overcollateralized~~Jun-05 ~~Increase Amount~~ 0.00025% ~~Overcollateralized~~Jul-05 ~~reduction Amount~~ 0.00033% ~~Specified~~*The ~~O/C~~text ~~Amount~~reported ~~20,250,000.00~~in ~~Overcollateralized~~the ~~Amount~~above ~~20,250,000.00~~table ~~Overcollateralized~~is ~~Deficiency~~presented ~~Amount~~graphically ~~0.00~~on ~~Base~~the ~~Overcollateralized~~monthly ~~Amount~~bond 0remittance report.00 ~~Extra~~The ~~principal~~monthly ~~distribution~~bond ~~Amount~~remittance ~~0.00~~report ~~Excess~~can ~~Cash~~be ~~Amount~~viewed ~~2,355,718~~online at www.45ctslink.com.

~~Miscellaneous~~REO ~~Reporting~~Loan ~~LIBOR~~Detail ~~3.09000%~~- ~~Cap~~All ~~Contract~~Mortgage ~~Amount~~Loans toin ~~Trust~~REO ~~26,659.87~~during ~~Swap~~Current toPeriod ~~Trust~~Month 0Loan First Original Loan Entered Payment LTV at Principal Group Number REO Date State Origination Balance Group 1 0500019476 Jun-2005 01-Dec-2004 MI 80.00 ~~Swap~~216,800.00 toGroup ~~Counterparty~~4 ~~150~~0500023056 Jul-2005 01-Feb-2005 MO 80.00 59,~~224~~200.7800

~~Group~~REO ~~Level~~Loan ~~Collateral~~Detail ~~Statement~~- ~~Group~~All ~~Group~~Mortgage 1Loans ~~Group~~in 2REO ~~Group~~during 3Current ~~Collateral~~Period ~~Description~~(continued) ~~Mixed~~Current ~~ARM~~Paid ~~Mixed~~Current ~~Fixed~~Approximate ~~Mixed ARM Weighted Average Coupon Rate 7.464981 8.610410 7.525306 Weighted Average Net Rate 6.964981 8.110410 7.025306 Weighted Average Maturity 345 345 345 Beginning~~ Loan ~~Count~~Principal ~~2,980~~To ~~1,176~~Months ~~1,783 Loans Paid In Full 49 9 31 Ending~~ Loan ~~Count~~Delinquent ~~2,931~~Group ~~1,167~~Number ~~1,752 Beginning Scheduled~~ Balance ~~483,442,530.50 85,079,251.64 257,444,607.62 Ending Scheduled Balance 474,011,984.35 84,396,814.15 251,611,434.60 Record~~ Date ~~05/31/2005~~Delinquent ~~05/31/2005~~Rate ~~05/31/2005 Principal And~~ Interest ~~Constant~~Group ~~3,321,164.10 709,913.91~~ 1~~,782,729.41~~ ~~Scheduled~~0500019476 ~~Principal 313~~216,~~756~~600.3017 ~~99,441.18~~01-Dec-2004 ~~168,271.46~~5 ~~Unscheduled Principal 9,116,789~~6.85400% ~~582,996.31~~ 5,~~664,901~~304.5682 ~~Scheduled~~Group ~~Interest~~4 ~~3,007,407.80~~0500023056 ~~610~~59,~~472~~200.~~73 1,614,457.95 Servicing Fees 201,434.39 35,449.69 107,268.59 Master Servicing Fees 0.~~00 ~~0.00~~01-Jan-2005 ~~0.00~~4 ~~Trustee Fee 0~~7.00900% ~~0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread~~ 1 ~~0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 2~~,~~805,973~~821.41 575,023.04 1,507,189.36 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 6.964981 8.110410 7.02530656

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Group~~Summary ~~Level~~12 ~~Collateral~~Month ~~Statement~~Foreclosure ~~Group~~History* ~~Group~~New 4Foreclosure ~~Total~~Loans ~~Collateral~~Month ~~Description~~Foreclosure ~~Mixed~~Percentage ~~Fixed~~Loans ~~Mixed~~in ~~Fixed~~Foreclosure &37 ~~Arm~~Aug-04 ~~Weighted Average Coupon Rate 8~~0.~~188054~~000% ~~7.632771~~Original ~~Weighted~~Principal ~~Average Net Rate 7.688054 7.132771 Weighted Average Maturity 345 346 Beginning Loan Count 609 6,548 Loans Paid In Full 6 95 Ending Loan Count 603 6,453 Beginning Scheduled~~ Balance 464,~~113~~576,~~066~~800.9200 ~~872,079,456.68~~Sep-04 ~~Ending scheduled Balance 45,448,121~~0.65000% ~~855,468,354.75~~Current ~~Record Date 05/31/2005 05/31/2005~~ Principal ~~And~~Balance ~~Interest Constant 370~~4,~~183.18 6~~574,~~183,990~~701.6011 ~~Scheduled~~Oct-04 ~~Principal 55,536~~0.28000% ~~637,005.22~~Nov-04 ~~Unscheduled Principal 609,408~~0.99000% ~~15,974,096.71~~Current ~~Scheduled~~Foreclosure ~~Interest~~Total ~~314,646.90~~Dec-04 ~~5,546,985~~0.38000% ~~Servicing~~Loans ~~Fees~~in ~~19,213.78~~Foreclosure ~~363,366.45~~50 ~~Master~~Jan-05 ~~Servicing Fees~~ 0.00000% ~~0.00~~Original ~~Trustee~~Principal ~~Fee~~Balance 06,495,850.00 ~~0.00~~Feb-05 ~~FRY Amount~~ 0.00000% ~~0.00~~Current ~~Special~~Principal ~~Hazard~~Balance ~~Fee 0~~6,493,499.0018 ~~0.00~~Mar-05 ~~Other Fee~~ 0.00000% ~~0.00~~Apr-05 ~~Pool Insurance Fee~~ 0.00000% ~~0.00~~May-05 ~~Spread 1~~ 0.00102% ~~0.00~~Jun-05 ~~Spread 2~~ 0.00231% ~~0.00~~Jul-05 ~~Spread 3~~ 0.00778% ~~0.00~~*The ~~Net~~text ~~Interest~~reported ~~295,433.12~~in ~~5,183,618.93~~the ~~Realized~~above ~~Loss~~table ~~Amount~~is ~~0.00~~presented ~~0.00~~graphically ~~Cumulative~~on ~~Realized~~the ~~Loss~~monthly ~~0.00~~bond ~~0.00~~remittance ~~Percentage of Cumulative Losses 0~~report.~~0000~~ ~~0.0000~~The ~~Prepayment~~monthly ~~Penalties~~bond ~~0.00~~remittance ~~0.00~~report ~~Special~~can ~~Servicing~~be ~~Fee~~viewed ~~0.00~~online ~~0.00~~at ~~Pass-Through Rate 7~~www.~~688054 7~~ctslink.~~132771~~com.

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · AEGIS ASSET BACKED SECURITIES TRUST 2005-1