8-K 1 own05001_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 OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112231-40 54-2169386 Pooling and Servicing Agreement) (Commission 54-2169387 (State or other File Number) 54-6654314 jurisdiction 54-6654315 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 OWNIT MORTGAGE LOAN TRUST, Mortgage Loan Asset-Backed Certificates, 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 Loan Asset-Backed Certificates, 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. OWNIT MORTGAGE LOAN TRUST Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/28/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Asset-Backed Certificates, Series 2005-1 Trust, relating to the July 25, 2005 distribution. EX-99.1

OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates Record Date: 56/3130/2005 Distribution Date: 67/2725/2005 OwnIt Mortgage Loan Trust Mortgage Loan Asset-Backed Certificates 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 R 59020USU0 SEN 0.00000% 0.00 0.00 A-1 59020USB2 SEN 3.~~22000~~44438% ~~177~~169,~~849~~067,~~410~~443.7999 ~~524~~452,~~952~~925.1830 A-2 59020USC0 SEN 3.~~34000~~56438% 86,094,000.00 ~~263~~238,~~591~~678.1301 A-3 59020USD8 SEN 3.~~47000~~69438% 24,289,000.00 7769,~~259~~792.2617 M-1 59020USE6 MEZ 3.~~59000~~81438% 26,142,000.00 8677,~~028~~556.9752 M-2 59020USF3 MEZ 34.~~82000~~04438% 20,638,000.00 7264,~~267~~919.4049 M-3 59020USG1 MEZ 34.~~87000~~09438% 5,896,000.00 2018,~~916~~775.0692 B-1 59020USV8 SUB 4.~~44000~~66438% 5,700,000.00 2320,~~199~~678.0075 B-2 59020USW6 SUB 4.~~54000~~76438% 4,717,000.00 1917,~~630~~479.5845 B-3 59020USX4 SUB 5.~~44000~~66438% 3,931,000.00 1917,~~602~~318.5953 B-4 59020USY2 SUB 6.~~09000~~31438% 2,358,000.00 1311,~~163~~580.5457 B-5 59020USZ9 SUB 6.~~09000~~31438% 3,931,000.00 2119,~~944~~305.8187 C OWN05001C SEN 0.00000% 9,041,823.44 ~~816~~910,~~303~~438.1016 P OWN05001P SEN 0.00000% 0.01 ~~224~~243,~~032~~636.6547 R-1 OWN0501R1 SEN 0.00000% 0.00 0.00 Totals ~~370~~361,~~587~~805,~~234~~267.2444 2,~~182~~163,~~891~~085.2721

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 0.00 A-1 89,~~781~~504,~~966~~407.8060 0.00 ~~169~~159,~~067~~563,~~443~~036.9939 9,~~306~~957,~~918~~332.9890 0.00 A-2 0.00 0.00 86,094,000.00 ~~263~~238,~~591~~678.1301 0.00 A-3 0.00 0.00 24,289,000.00 7769,~~259~~792.2617 0.00 M-1 0.00 0.00 26,142,000.00 8677,~~028~~556.9752 0.00 M-2 0.00 0.00 20,638,000.00 7264,~~267~~919.4049 0.00 M-3 0.00 0.00 5,896,000.00 2018,~~916~~775.0692 0.00 B-1 0.00 0.00 5,700,000.00 2320,~~199~~678.0075 0.00 B-2 0.00 0.00 4,717,000.00 1917,~~630~~479.5845 0.00 B-3 0.00 0.00 3,931,000.00 1917,~~602~~318.5953 0.00 B-4 0.00 0.00 2,358,000.00 1311,~~163~~580.5457 0.00 B-5 0.00 0.00 3,931,000.00 2119,~~944~~305.8187 0.00 C 0.00 0.00 9,041,823.44 ~~816~~910,~~303~~438.1016 0.00 P 0.00 0.00 0.01 ~~224~~243,~~032~~636.6547 0.00 R-1 0.00 0.00 0.00 0.00 0.00 Totals 89,~~781~~504,~~966~~407.8060 0.00 ~~361~~352,~~805~~300,~~267~~859.4484 1011,~~964~~667,~~858~~492.0781 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.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) R 100.00 0.00 0.00 0.00 0.00 0.00 A-1 200,380,000.00 ~~177~~169,~~849~~067,~~410~~443.7999 0.00 89,~~781~~504,~~966~~407.8060 0.00 0.00 A-2 86,094,000.00 86,094,000.00 0.00 0.00 0.00 0.00 A-3 24,289,000.00 24,289,000.00 0.00 0.00 0.00 0.00 M-1 26,142,000.00 26,142,000.00 0.00 0.00 0.00 0.00 M-2 20,638,000.00 20,638,000.00 0.00 0.00 0.00 0.00 M-3 5,896,000.00 5,896,000.00 0.00 0.00 0.00 0.00 B-1 5,700,000.00 5,700,000.00 0.00 0.00 0.00 0.00 B-2 4,717,000.00 4,717,000.00 0.00 0.00 0.00 0.00 B-3 3,931,000.00 3,931,000.00 0.00 0.00 0.00 0.00 B-4 2,358,000.00 2,358,000.00 0.00 0.00 0.00 0.00 B-5 3,931,000.00 3,931,000.00 0.00 0.00 0.00 0.00 C 9,046,658.13 9,041,823.44 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 Totals 393,122,758.14 ~~370~~361,~~587~~805,~~234~~267.2444 0.00 89,~~781~~504,~~966~~407.8060 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 R 0.00 0.00 0.00000000 0.00 A-1 89,~~781~~504,~~966~~407.8060 ~~169~~159,~~067~~563,~~443~~036.9939 0.~~84373413~~79630221 89,~~781~~504,~~966~~407.8060 A-2 0.00 86,094,000.00 1.00000000 0.00 A-3 0.00 24,289,000.00 1.00000000 0.00 M-1 0.00 26,142,000.00 1.00000000 0.00 M-2 0.00 20,638,000.00 1.00000000 0.00 M-3 0.00 5,896,000.00 1.00000000 0.00 B-1 0.00 5,700,000.00 1.00000000 0.00 B-2 0.00 4,717,000.00 1.00000000 0.00 B-3 0.00 3,931,000.00 1.00000000 0.00 B-4 0.00 2,358,000.00 1.00000000 0.00 B-5 0.00 3,931,000.00 1.00000000 0.00 C 0.00 9,041,823.44 0.99946558 0.00 P 0.00 0.01 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 Totals 89,~~781~~504,~~966~~407.8060 ~~361~~352,~~805~~300,~~267~~859.4484 0.~~92033661~~89615992 89,~~781~~504,~~966~~407.8060

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-1 200,380,000.00 ~~887~~843.~~56068864~~73412511 0.00000000 4347.~~82656353~~43191736 0.00000000 A-2 86,094,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-3 24,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 26,142,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 20,638,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 5,896,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 5,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 4,717,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,931,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,358,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 3,931,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 9,046,658.13 999.46558277 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 R-1 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 4347.~~82656353~~43191736 ~~843~~796.~~73412511~~30220776 0.~~84373413~~79630221 4347.~~82656353~~43191736 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 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 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.46558277 0.99946558 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R-1 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 R 100.00 0.00000% 0.00 0.00 0.00 0.00 A-1 200,380,000.00 3.~~22000~~44438% ~~177~~169,~~849~~067,~~410~~443.7999 ~~524~~452,~~952~~925.1830 0.00 0.00 A-2 86,094,000.00 3.~~34000~~56438% 86,094,000.00 ~~263~~238,~~591~~678.1301 0.00 0.00 A-3 24,289,000.00 3.~~47000~~69438% 24,289,000.00 7769,~~259~~792.2617 0.00 0.00 M-1 26,142,000.00 3.~~59000~~81438% 26,142,000.00 8677,~~028~~556.9752 0.00 0.00 M-2 20,638,000.00 34.~~82000~~04438% 20,638,000.00 7264,~~267~~919.4049 0.00 0.00 M-3 5,896,000.00 34.~~87000~~09438% 5,896,000.00 2018,~~916~~775.0692 0.00 0.00 B-1 5,700,000.00 4.~~44000~~66438% 5,700,000.00 2320,~~199~~678.0075 0.00 0.00 B-2 4,717,000.00 4.~~54000~~76438% 4,717,000.00 1917,~~630~~479.5845 0.00 0.00 B-3 3,931,000.00 5.~~44000~~66438% 3,931,000.00 1917,~~602~~318.5953 0.00 0.00 B-4 2,358,000.00 6.~~09000~~31438% 2,358,000.00 1311,~~163~~580.5457 0.00 0.00 B-5 3,931,000.00 6.~~09000~~31438% 3,931,000.00 2119,~~944~~305.8187 0.00 0.00 C 9,046,658.13 0.00000% 9,041,823.44 0.00 0.00 0.00 P 0.01 0.00000% 0.01 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 393,122,758.14 1,~~142~~009,~~555~~010.5258 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 R 0.00 0.00 0.00 0.00 0.00 A-1 0.00 0.00 ~~524~~452,~~952~~925.1830 0.00 ~~169~~159,~~067~~563,~~443~~036.9939 A-2 0.00 0.00 ~~263~~238,~~591~~678.1301 0.00 86,094,000.00 A-3 0.00 0.00 7769,~~259~~792.2617 0.00 24,289,000.00 M-1 0.00 0.00 8677,~~028~~556.9752 0.00 26,142,000.00 M-2 0.00 0.00 7264,~~267~~919.4049 0.00 20,638,000.00 M-3 0.00 0.00 2018,~~916~~775.0692 0.00 5,896,000.00 B-1 0.00 0.00 2320,~~199~~678.0075 0.00 5,700,000.00 B-2 0.00 0.00 1917,~~630~~479.5845 0.00 4,717,000.00 B-3 0.00 0.00 1917,~~602~~318.5953 0.00 3,931,000.00 B-4 0.00 0.00 1311,~~163~~580.5457 0.00 2,358,000.00 B-5 0.00 0.00 2119,~~944~~305.8187 0.00 3,931,000.00 C 0.00 0.00 ~~816~~910,~~303~~438.1016 0.00 9,041,823.44 P 0.00 0.00 ~~224~~243,~~032~~636.6547 0.00 0.01 R-1 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~182~~163,~~891~~085.2721 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 R 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 A-1 200,380,000.00 3.~~22000~~44438% ~~887~~843.~~56068864~~73412511 2.~~61978331~~26033187 0.00000000 0.00000000 A-2 86,094,000.00 3.~~34000~~56438% 1000.00000000 32.~~06166667~~77229551 0.00000000 0.00000000 A-3 24,289,000.00 3.~~47000~~69438% 1000.00000000 32.~~18083330~~87340648 0.00000000 0.00000000 M-1 26,142,000.00 3.~~59000~~81438% 1000.00000000 32.~~29083352~~96674011 0.00000000 0.00000000 M-2 20,638,000.00 34.~~82000~~04438% 1000.00000000 3.~~50166683~~14562894 0.00000000 0.00000000 M-3 5,896,000.00 34.~~87000~~09438% 1000.00000000 3.~~54750000~~18451832 0.00000000 0.00000000 B-1 5,700,000.00 4.~~44000~~66438% 1000.00000000 43.~~07000000~~62785088 0.00000000 0.00000000 B-2 4,717,000.00 4.~~54000~~76438% 1000.00000000 43.~~16166631~~70562858 0.00000000 0.00000000 B-3 3,931,000.00 5.~~44000~~66438% 1000.00000000 4.~~98666751~~40562961 0.00000000 0.00000000 B-4 2,358,000.00 6.~~09000~~31438% 1000.00000000 54.~~58250212~~91118321 0.00000000 0.00000000 B-5 3,931,000.00 6.~~09000~~31438% 1000.00000000 54.~~58250064~~91118545 0.00000000 0.00000000 C 9,046,658.13 0.00000% 999.46558277 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-1 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 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 0.00000000 0.00000000 2.~~61978331~~26033187 0.00000000 ~~843~~796.~~73412511~~30220776 A-2 0.00000000 0.00000000 32.~~06166667~~77229551 0.00000000 1000.00000000 A-3 0.00000000 0.00000000 32.~~18083330~~87340648 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 32.~~29083352~~96674011 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.~~50166683~~14562894 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~54750000~~18451832 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 43.~~07000000~~62785088 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 43.~~16166631~~70562858 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 4.~~98666751~~40562961 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 54.~~58250212~~91118321 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 54.~~58250064~~91118545 0.00000000 1000.00000000 C 0.00000000 0.00000000 90100.~~23255751~~63806401 0.00000000 999.46558277 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 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 11,~~153~~840,~~150~~807.3132 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6070,~~189~~154.3696 Realized Loss (Gains, Subsequent Expenses & Recoveries) (3626,~~332~~497.4682) Prepayment Penalties 0.00 Total Deposits 11,~~177~~884,~~007~~464.2146 Withdrawals Reimbursement for Servicer Advances 5160,~~561~~189.3536 Payment of Service Fee ~~160~~156,~~587~~782.8129 Payment of Interest and Principal 1011,~~964~~667,~~858~~492.0581 Total Withdrawals (Pool Distribution Amount) 11,~~177~~884,~~007~~464.2146 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~154~~150,~~411~~752.3520 Certificate Administration Fee 6,~~176~~030.4609 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~160~~156,~~587~~782.8129

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2131 0 0 0 2131 34,~~653~~959,~~018~~531.9384 0.00 0.00 0.00 34,~~653~~959,~~018~~531.9384 60 Days 1713 10 0 0 1813 2,~~903~~251,~~942~~213.9449 ~~60,046~~0.6500 0.00 0.00 2,~~963~~251,~~989~~213.5949 90 Days 67 1 02 0 710 1794,~~015,480~~142.5848 ~~466~~60,~~883~~046.1965 0599,450.0018 0.00 1,~~482~~453,~~363~~639.7731 120 Days 4 01 01 0 46 1220,~~257,799~~163.8037 0466,883.0019 0568,000.00 0.00 1,~~257~~255,~~799~~046.8056 150 Days 1 0 23 0 34 95139,~~795~~600.4091 0.00 ~~303~~1,~~650~~118,198.5289 0.00 ~~399~~1,~~445~~257,799.9280 180+ Days 1 0 0 0 1 252 95,~~067~~795.4740 0.00 0.00 0155,650.0052 25251,~~067~~445.4792 Totals 5057 2 26 01 5466 8,~~951~~460,~~105~~447.1249 526,929.84 ~~303~~2,285,649.07 155,650.52 ~~0.00 9~~11,~~781~~428,~~685~~676.4892 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 01.~~928793~~406534% 0.000000% 0.000000% 0.000000% 01.~~928793~~406534% 1.~~009367~~407309% 0.000000% 0.000000% 0.000000% 1.~~009367~~407309% 60 Days 0.~~751880~~589837% 0.~~044228~~000000% 0.000000% 0.000000% 0.~~796108~~589837% 0.~~802389~~638801% 0.~~016592~~000000% 0.000000% 0.000000% 0.~~818981~~638801% 90 Days 0.~~265369~~317604% 0.~~044228~~045372% 0.~~000000~~090744% 0.000000% 0.~~309598~~453721% 0.~~280588~~225345% 0.~~129005~~017039% 0.~~000000~~170099% 0.000000% 0.~~409592~~412482% 120 Days 0.~~176913~~181488% 0.~~000000~~045372% 0.~~000000~~045372% 0.000000% 0.~~176913~~272232% 0.~~347543~~062473% 0.~~000000~~132482% 0.~~000000~~161175% 0.000000% 0.~~347543~~356130% 150 Days 0.~~044228~~045372% 0.000000% 0.~~088456~~136116% 0.000000% 0.~~132685~~181488% 0.~~026469~~039613% 0.000000% 0.~~083902~~317298% 0.000000% 0.~~110371~~356911% 180+ Days 0.~~044228~~045372% 0.000000% 0.000000% 0.~~000000~~045372% 0.~~044228~~090744% 0.~~006926~~027183% 0.000000% 0.000000% 0.~~000000~~044167% 0.~~006926~~071350% Totals 2.~~211411~~586207% 0.~~088456~~090744% 0.~~088456~~272232% 0.~~000000~~045372% 2.~~388324~~994555% 2.~~473283~~400723% 0.~~145596~~149521% 0.~~083902~~648572% 0.~~000000~~044167% 23.~~702781~~242984%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 59 0 0 0 59 ~~446~~558,~~035~~803.5061 0.00 0.00 0.00 ~~446~~558,~~035~~803.5061 60 Days 75 10 0 0 85 ~~480~~504,~~079~~726.9674 ~~60,046~~0.6500 0.00 0.00 ~~540~~504,~~126~~726.6174 90 Days 34 01 0 0 35 ~~100~~206,~~274~~314.9512 060,046.0065 0.00 0.00 ~~100~~266,~~274~~360.9577 120 Days 13 0 0 0 13 ~~139~~100,~~600~~274.9195 0.00 0.00 0.00 ~~139~~100,~~600~~274.9195 150 Days 01 0 0 0 01 0139,600.0091 0.00 0.00 0.00 0139,600.0091 180+ Days 10 0 0 0 10 ~~25,067~~0.4700 0.00 0.00 0.00 ~~25,067~~0.4700 Totals 1722 1 0 0 1823 1,~~191~~509,~~058~~720.7933 60,046.65 0.00 0.00 1,~~251~~569,~~105~~766.4498 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~582751~~083032% 0.000000% 0.000000% 0.000000% 01.~~582751~~083032% 01.~~835586~~082869% 0.000000% 0.000000% 0.000000% 01.~~835586~~082869% 60 Days 0.~~815851~~601685% 0.~~116550~~000000% 0.000000% 0.000000% 0.~~932401~~601685% 0.~~899364~~978077% 0.~~112489~~000000% 0.000000% 0.000000% 10.~~011853~~978077% 90 Days 0.~~349650~~481348% 0.~~000000~~120337% 0.000000% 0.000000% 0.~~349650~~601685% 0.~~187851~~399803% 0.~~000000~~116360% 0.000000% 0.000000% 0.~~187851~~516163% 120 Days 0.~~116550~~361011% 0.000000% 0.000000% 0.000000% 0.~~116550~~361011% 0.~~261523~~194316% 0.000000% 0.000000% 0.000000% 0.~~261523~~194316% 150 Days 0.~~000000~~120337% 0.000000% 0.000000% 0.000000% 0.~~000000~~120337% 0.~~000000~~270523% 0.000000% 0.000000% 0.000000% 0.~~000000~~270523% 180+ Days 0.~~116550~~000000% 0.000000% 0.000000% 0.000000% 0.~~116550~~000000% 0.~~046960~~000000% 0.000000% 0.000000% 0.000000% 0.~~046960~~000000% Totals 12.~~981352~~647413% 0.~~116550~~120337% 0.000000% 0.000000% 2.~~097902~~767750% 2.~~231285~~925588% 0.~~112489~~116360% 0.000000% 0.000000% 23.~~343774~~041949% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1622 0 0 0 1622 34,~~206~~400,~~983~~728.4323 0.00 0.00 0.00 34,~~206~~400,~~983~~728.4323 60 Days 108 0 0 0 108 21,~~423~~746,~~862~~486.9875 0.00 0.00 0.00 21,~~423~~746,~~862~~486.9875 90 Days 3 1 0 2 0 45 ~~915~~587,~~205~~828.6336 ~~466,883.19~~ 0.00 599,450.18 0.00 1,~~382~~187,~~088~~278.8254 120 Days 31 01 01 0 3 1119,~~118,198~~888.8942 0466,883.0019 0568,000.00 0.00 1,~~118~~154,~~198~~771.8961 150 Days 10 0 23 0 3 ~~95,795~~0.4000 0.00 ~~303~~1,~~650~~118,198.5289 0.00 ~~399~~1,~~445~~118,198.9289 180+ Days 01 0 0 01 02 095,795.0040 0.00 0.00 0155,650.0052 0251,445.0092 Totals 3335 1 26 01 3643 76,~~760~~950,~~046~~727.3316 466,883.19 ~~303~~2,285,649.07 155,650.52 ~~0.00 8~~9,~~530~~858,~~580~~909.0494 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~140413~~602331% 0.000000% 0.000000% 0.000000% 1.~~140413~~602331% 1.~~039433~~462967% 0.000000% 0.000000% 0.000000% 1.~~039433~~462967% 60 Days 0.~~712758~~582666% 0.000000% 0.000000% 0.000000% 0.~~712758~~582666% 0.~~785612~~580598% 0.000000% 0.000000% 0.000000% 0.~~785612~~580598% 90 Days 0.~~213828~~218500% 0.~~071276~~000000% 0.~~000000~~145666% 0.000000% 0.~~285103~~364166% 0.~~296632~~195416% 0.~~151324~~000000% 0.~~000000~~199280% 0.000000% 0.~~447956~~394696% 120 Days 0.~~213828~~072833% 0.~~000000~~072833% 0.~~000000~~072833% 0.000000% 0.~~213828~~218500% 0.~~362426~~039855% 0.~~000000~~155209% 0.~~000000~~188824% 0.000000% 0.~~362426~~383889% 150 Days 0.~~071276~~000000% 0.000000% 0.~~142552~~218500% 0.000000% 0.~~213828~~218500% 0.~~031049~~000000% 0.000000% 0.~~098418~~371731% 0.000000% 0.~~129467~~371731% 180+ Days 0.~~000000~~072833% 0.000000% 0.000000% 0.~~000000~~072833% 0.~~000000~~145666% 0.~~000000~~031846% 0.000000% 0.000000% 0.~~000000~~051744% 0.~~000000~~083590% Totals 2.~~352103~~549162% 0.~~071276~~072833% 0.~~142552~~436999% 0.~~000000~~072833% 23.~~565930~~131828% 2.~~515151~~310682% 0.~~151324~~155209% 0.~~098418~~759835% 0.~~000000~~051744% 23.~~764893~~277471%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6070,~~189~~154.3696

REO Detail - All Mortgage Loans in REO during Current Period

~~COLLATERAL~~Summary ~~STATEMENT~~12 ~~Collateral~~Month ~~Description~~REO 6History* New REO Loans Month ~~LIBOR~~REO ~~ARM~~Percentage ~~Weighted~~Loans ~~Average~~in ~~Gross~~REO ~~Coupon~~1 6Aug-04 0.~~980636~~000% ~~Weighted~~Original ~~Average~~Principal ~~Net~~Balance ~~Coupon~~156,000.00 6Sep-04 0.~~480636~~000% ~~Weighted~~Current ~~Average~~Principal ~~Pass~~Balance 155,650.52 Oct-~~Through~~04 ~~Rate~~0.000% 6Nov-04 0.~~460636~~000% ~~Weighted~~Current ~~Average~~REO ~~Maturity(Stepdown~~Total ~~Calculation)~~Dec-04 0.000% Loans in REO 1 ~~Beginning~~Jan-05 ~~Scheduled~~0.000% ~~Collateral~~Original ~~Loan~~Principal ~~Count~~Balance 2156,~~309~~000.00 ~~Number~~Feb-05 Of0.000% ~~Loans~~Current ~~Paid~~Principal InBalance ~~Full~~155,650.52 48Mar-05 ~~Ending~~0.000% ~~Scheduled~~Apr-05 ~~Collateral~~0.000% ~~Loan~~May-05 ~~Count~~0.000% ~~2,261~~Jun-05 ~~Beginning~~0.000% ~~Scheduled~~Jul-05 ~~Collateral~~0.044% ~~Balance~~*The ~~370,587,234~~text reported in the above table is presented graphically on the monthly bond remittance report.23 ~~Ending~~The ~~Scheduled~~monthly ~~Collateral~~bond remittance report can be viewed online at www.ctslink.com. Group 1 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 Aug-04 0.000% Original Principal Balance ~~361,805,267~~0.4300 ~~Ending~~Sep-04 ~~Actual~~0.000% ~~Collateral~~Current Principal Balance at0.00 31Oct-~~May~~04 0.000% Nov-~~2005~~04 ~~361,911,925~~0.81000% ~~Monthly~~Current ~~P&I~~REO ~~Constant~~Total ~~2,271,706~~Dec-04 0.88000% ~~Special~~Loans ~~Servicing~~in ~~Fee~~REO 0 Jan-05 0.000% Original Principal Balance 0.00 ~~Prepayment~~Feb-05 ~~Penalties~~0.000% Current Principal Balance 0.00 ~~Realized~~Mar-05 ~~Loss~~0.000% ~~Amount~~Apr-05 ~~36,332~~0.46000% ~~Cumulative~~May-05 ~~Realized~~0.000% ~~Loss~~Jun-05 ~~36,332~~0.46000% ~~Scheduled~~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. Group 2 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 1 Aug-04 0.000% Original Principal ~~115~~Balance 156,~~928~~000.0600 ~~Unscheduled~~Sep-04 0.000% Current Principal 8Balance 155,~~666,038~~650.7452 ~~Required~~Oct-04 ~~Overcollateralization~~0.000% ~~Amount~~Nov-04 0.00000% ~~Overcollateralized~~Current ~~Increase~~REO ~~Amount~~Total ~~36,332~~Dec-04 0.46000% ~~Overcollateralized~~Loans ~~reduction~~in ~~Amount~~REO 1 Jan-05 0.00000% ~~Specified~~Original ~~O/C~~Principal ~~Amount~~Balance 9156,~~041,823~~000.4400 ~~Overcollateralized~~Feb-05 ~~Amount~~0.000% 9Current Principal Balance 155,~~041,823~~650.4452 ~~Overcollateralized~~Mar-05 ~~Deficiency~~0.000% ~~Amount~~Apr-05 0.00000% ~~Base~~May-05 ~~Overcollateralized~~0.000% ~~Amount~~Jun-05 0.00000% ~~Extra~~Jul-05 ~~principal~~0.052% ~~distribution~~*The ~~Amount~~text ~~36,332~~reported in the above table is presented graphically on the monthly bond remittance report.46 ~~Excess~~The ~~Cash~~monthly ~~Amount~~bond ~~854,089~~remittance report can be viewed online at www.70ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · MERRILL LYNCH MORTGAGE INVESTORS, INC. OWNIT 2005-1