8-K 1 oma05003_10508.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): August 25, 2005 OPTEUM MORTGATE ACCEPTANCE CORP. Asset Backed Pass-Through Certificates, Series 2005-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-120965-03 54-2176791 Pooling and Servicing Agreement) (Commission 54-2176792 (State or other File Number) 54-2176793 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2005 a distribution was made to holders of OPTEUM MORTGATE ACCEPTANCE CORP., Asset Backed Pass-Through Certificates, 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 Pass-Through Certificates, Series 2005-3 Trust, relating to the August 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. OPTEUM MORTGATE ACCEPTANCE CORP. Asset Backed Pass-Through Certificates, Series 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 8/29/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2005-3 Trust, relating to the August 25, 2005 distribution. EX-99.1

~~UNITED~~Opteum ~~STATES~~Mortgage Acceptance Corporation Asset Backed Pass-Through Certificates Record Date: 7/29/2005 Distribution Date: 8/25/2005 Opteum Mortgage Acceptance Corporation Asset Backed Pass-Through Certificates 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 A-1A 68383NBK8 SEN 3.57000% 234,432,444.95 720,684.41 A-1B 68383NBL6 SEN 3.72000% 263,087,000.00 842,755.36 A-1C 68383NBM4 SEN 3.83000% 100,045,000.00 329,953.97 A-PT 68383NBZ5 SEN 3.75000% 172,980,306.38 558,582.24 A-2 68383NBN2 SEN 3.80000% 85,616,304.40 280,155.57 M-1 68383NBP7 MEZ 3.92000% 14,056,000.00 47,446.81 M-2 68383NBQ5 MEZ 3.94000% 12,651,000.00 42,922.03 M-3 68383NBR3 MEZ 3.96000% 7,965,000.00 27,160.65 M-4 68383NBS1 MEZ 4.11000% 6,091,000.00 21,557.06 M-5 68383NBT9 MEZ 4.14000% 6,091,000.00 21,714.41 M-6 68383NBU6 MEZ 4.18000% 5,623,000.00 20,239.68 M-7 68383NBV4 MEZ 4.71000% 4,686,000.00 19,005.64 M-8 68383NBW2 MEZ 4.81000% 4,686,000.00 19,409.15 M-9 68383NBX0 MEZ 5.26000% 4,686,000.00 21,224.98 M-10 68383NBY8 MEZ 5.31000% 4,685,000.00 21,422.16 C OMA05003C SUB 0.00000% 4,685,586.02 997,971.39 P OMA05003P PREPAY 0.00000% 100.00 92,467.45 R OMA0500R1 RES 0.00000% 0.00 0.00 Totals 932,066,741.75 4,084,672.96

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~(continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses A-1A 6,996,840.81 0.00 227,435,604.14 7,717,525.22 0.00 A-1B 0.00 0.00 263,087,000.00 842,755.36 0.00 A-1C 0.00 0.00 100,045,000.00 329,953.97 0.00 A-PT 2,025,414.46 0.00 170,954,891.92 2,583,996.70 0.00 A-2 1,002,475.39 0.00 84,613,829.01 1,282,630.96 0.00 M-1 0.00 0.00 14,056,000.00 47,446.81 0.00 M-2 0.00 0.00 12,651,000.00 42,922.03 0.00 M-3 0.00 0.00 7,965,000.00 27,160.65 0.00 M-4 0.00 0.00 6,091,000.00 21,557.06 0.00 M-5 0.00 0.00 6,091,000.00 21,714.41 0.00 M-6 0.00 0.00 5,623,000.00 20,239.68 0.00 M-7 0.00 0.00 4,686,000.00 19,005.64 0.00 M-8 0.00 0.00 4,686,000.00 19,409.15 0.00 M-9 0.00 0.00 4,686,000.00 21,224.98 0.00 M-10 0.00 0.00 4,685,000.00 21,422.16 0.00 C 0.00 0.00 4,685,586.02 997,971.39 0.00 P 0.00 0.00 100.00 92,467.45 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 10,024,730.66 0.00 922,042,011.09 14,109,403.62 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) A-1A 237,955,000.00 D234,432,444.95 0.00 6,996,840.81 0.00 0.00 A-1B 263,087,000.00 263,087,000.00 0.00 0.00 0.00 0.00 A-1C 100,045,000.00 100,045,000.00 0.00 0.00 0.00 0.00 A-PT 174,000,000.00 172,980,306.38 0.00 2,025,414.46 0.00 0.00 A-2 86,121,000.00 85,616,304.40 0.00 1,002,475.39 0.00 0.00 M-1 14,056,000.00 14,056,000.00 0.00 0.00 0.00 0.00 M-2 12,651,000.00 12,651,000.00 0.00 0.00 0.00 0.00 M-3 7,965,000.00 7,965,000.00 0.00 0.00 0.00 0.00 M-4 6,091,000.00 6,091,000.00 0.00 0.00 0.00 0.00 M-5 6,091,000.00 6,091,000.00 0.00 0.00 0.00 0.00 M-6 5,623,000.00 5,623,000.00 0.00 0.00 0.00 0.00 M-7 4,686,000.00 4,686,000.00 0.00 0.00 0.00 0.00 M-8 4,686,000.00 4,686,000.00 0.00 0.00 0.00 0.00 M-9 4,686,000.00 4,686,000.00 0.00 0.00 0.00 0.00 M-10 4,685,000.00 4,685,000.00 0.00 0.00 0.00 0.00 C 4,689,104.26 ~~20549~~4,685,586.02 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 937,117,204.26 932,066,741.75 0.00 10,024,730.66 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 A-1A 6,996,840.81 227,435,604.14 0.95579250 6,996,840.81 A-1B 0.00 263,087,000.00 1.00000000 0.00 A-1C 0.00 100,045,000.00 1.00000000 0.00 A-PT 2,025,414.46 170,954,891.92 0.98249938 2,025,414.46 A-2 1,002,475.39 84,613,829.01 0.98249938 1,002,475.39 M-1 0.00 14,056,000.00 1.00000000 0.00 M-2 0.00 12,651,000.00 1.00000000 0.00 M-3 0.00 7,965,000.00 1.00000000 0.00 M-4 0.00 6,091,000.00 1.00000000 0.00 M-5 0.00 6,091,000.00 1.00000000 0.00 M-6 0.00 5,623,000.00 1.00000000 0.00 M-7 0.00 4,686,000.00 1.00000000 0.00 M-8 0.00 4,686,000.00 1.00000000 0.00 M-K9 0.00 4,686,000.00 1.00000000 0.00 M-10 0.00 4,685,000.00 1.00000000 0.00 C 0.00 4,685,586.02 0.99924970 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 10,024,730.66 922,042,011.09 0.98391323 10,024,730.66

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 237,955,000.00 985.19654956 0.00000000 29.40405039 0.00000000 A-1B 263,087,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-1C 100,045,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-PT 174,000,000.00 994.13969184 0.00000000 11.64031299 0.00000000 A-2 86,121,000.00 994.13969183 0.00000000 11.64031293 0.00000000 M-1 14,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 12,651,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 7,965,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 6,091,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 6,091,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 5,623,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 4,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 4,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 4,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 4,685,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 4,689,104.26 999.24969892 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per 1,000 Denomination

~~Pursuant~~Principal toDistribution ~~Section~~Factors 13Statement or(continued) 15Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (d3) ofReduction Balance Percentage Distribution A-1A 0.00000000 29.40405039 955.79249917 0.95579250 29.40405039 A-1B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-1C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-PT 0.00000000 11.64031299 982.49937885 0.98249938 11.64031299 A-2 0.00000000 11.64031293 982.49937890 0.98249938 11.64031293 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 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.24969892 0.99924970 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~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 A-1A 237,955,000.00 3.57000% 234,432,444.95 720,684.41 0.00 0.00 A-1B 263,087,000.00 3.72000% 263,087,000.00 842,755.36 0.00 0.00 A-1C 100,045,000.00 3.83000% 100,045,000.00 329,953.97 0.00 0.00 A-PT 174,000,000.00 3.75000% 172,980,306.38 558,582.24 0.00 0.00 A-2 86,121,000.00 3.80000% 85,616,304.40 280,155.57 0.00 0.00 M-1 14,056,000.00 3.92000% 14,056,000.00 47,446.81 0.00 0.00 M-2 12,651,000.00 3.94000% 12,651,000.00 42,922.03 0.00 0.00 M-3 7,965,000.00 3.96000% 7,965,000.00 27,160.65 0.00 0.00 M-4 6,091,000.00 4.11000% 6,091,000.00 21,557.06 0.00 0.00 M-5 6,091,000.00 4.14000% 6,091,000.00 21,714.41 0.00 0.00 M-6 5,623,000.00 4.18000% 5,623,000.00 20,239.68 0.00 0.00 M-7 4,686,000.00 4.71000% 4,686,000.00 19,005.64 0.00 0.00 M-8 4,686,000.00 4.81000% 4,686,000.00 19,409.15 0.00 0.00 M-9 4,686,000.00 5.26000% 4,686,000.00 21,224.98 0.00 0.00 M-10 4,685,000.00 5.31000% 4,685,000.00 21,422.16 0.00 0.00 C 4,689,104.26 0.00000% 4,685,586.02 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 937,117,204.26 2,994,234.12 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) ~~June~~Distribution 17Shortfall Balance A-1A 0.00 0.00 720,684.41 ~~2005~~0.00 227,435,604.14 A-1B 0.00 0.00 842,755.36 0.00 263,087,000.00 A-1C 0.00 0.00 329,953.97 0.00 100,045,000.00 A-PT 0.00 0.00 558,582.24 0.00 170,954,891.92 A-2 0.00 0.00 280,155.57 0.00 84,613,829.01 M-1 0.00 0.00 47,446.81 0.00 14,056,000.00 M-2 0.00 0.00 42,922.03 0.00 12,651,000.00 M-3 0.00 0.00 27,160.65 0.00 7,965,000.00 M-4 0.00 0.00 21,557.06 0.00 6,091,000.00 M-5 0.00 0.00 21,714.41 0.00 6,091,000.00 M-6 0.00 0.00 20,239.68 0.00 5,623,000.00 M-7 0.00 0.00 19,005.64 0.00 4,686,000.00 M-8 0.00 0.00 19,409.15 0.00 4,686,000.00 M-9 0.00 0.00 21,224.98 0.00 4,686,000.00 M-10 0.00 0.00 21,422.16 0.00 4,685,000.00 C 0.00 0.00 997,971.39 0.00 4,685,586.02 P 0.00 0.00 92,467.45 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,084,672.96 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.

~~OPTEUM~~Interest ~~MORTGAGE~~Distribution ~~ACCEPTANCE~~Factors ~~CORPORATION~~Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (as5) ~~company~~Amount ~~under~~Rate aBalance ~~Pooling~~Interest ~~and~~Shortfall ~~Servicing~~Shortfall ~~Agreement~~A-1A 237,955,000.00 ~~dated~~3.57000% as985.19654956 of3.02865840 ~~June~~0.00000000 10.00000000 A-1B 263,087,000.00 ~~2005~~3.72000% 1000.00000000 3.20333335 0.00000000 0.00000000 A-1C 100,045,000.00 ~~providing~~3.83000% ~~for~~1000.00000000 3.29805557 0.00000000 0.00000000 A-PT 174,000,000.00 ~~inter~~3.75000% ~~alia~~994.13969184 3.21024276 0.00000000 0.00000000 A-2 86,121,000.00 ~~the~~3.80000% ~~issuance~~994.13969183 of3.25304595 ~~Asset~~0.00000000 0.00000000 M-~~Backed~~1 ~~Pass~~14,056,000.00 3.92000% 1000.00000000 3.37555563 0.00000000 0.00000000 M-~~Through~~2 ~~Certificates~~12,651,000.00 ~~Series~~3.94000% ~~2005~~1000.00000000 3.39277765 0.00000000 0.00000000 M-3 7,965,000.00 3.96000% 1000.00000000 3.41000000 0.00000000 0.00000000 M-4 6,091,000.00 4.11000% 1000.00000000 3.53916598 0.00000000 0.00000000 M-5 6,091,000.00 4.14000% 1000.00000000 3.56499918 0.00000000 0.00000000 M-6 5,623,000.00 4.18000% 1000.00000000 3.59944514 0.00000000 0.00000000 M-7 4,686,000.00 4.71000% 1000.00000000 4.05583440 0.00000000 0.00000000 M-8 4,686,000.00 4.81000% 1000.00000000 4.14194409 0.00000000 0.00000000 M-9 4,686,000.00 5.26000% 1000.00000000 4.52944516 0.00000000 0.00000000 M-10 4,685,000.00 5.31000% 1000.00000000 4.57249947 0.00000000 0.00000000 C 4,689,104.26 0.00000% 999.24969892 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per 1,000 Denomination

~~Opteum~~Interest ~~Mortgage~~Distribution ~~Acceptance~~Factors ~~Corporation~~Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1A 0.00000000 0.00000000 3.02865840 0.00000000 955.79249917 A-1B 0.00000000 0.00000000 3.20333335 0.00000000 1000.00000000 A-1C 0.00000000 0.00000000 3.29805557 0.00000000 1000.00000000 A-PT 0.00000000 0.00000000 3.21024276 0.00000000 982.49937885 A-2 0.00000000 0.00000000 3.25304595 0.00000000 982.49937890 M-1 0.00000000 0.00000000 3.37555563 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 3.39277765 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.41000000 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.53916598 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.56499918 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.59944514 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.05583440 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 4.14194409 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 4.52944516 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 4.57249947 0.00000000 1000.00000000 C 0.00000000 0.00000000 212.82772459 0.00000000 999.24969892 P 0.00000000 0.00000000 924674.50000000 0.00000000 1000.00000000 R 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 14,219,699.59 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (~~Exact~~Servicer ~~name~~Advances) 7,714.20 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 92,467.45 Total Deposits 14,319,881.24 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of ~~registrant~~Service asFee ~~specified~~210,477.62 inPayment ~~its~~of ~~charter~~Interest and Principal 14,109,403.62 Total Withdrawals (Pool Distribution Amount) 14,319,881.24 Ending Balance 0.00

DELAWARE (State or Other Jurisdiction of Incorporation)	333-120965 (Commission File Number)	90-0098699 (I.R.S. Employer Identification No.)
W. 115 Century Road Paramus, New Jersey (Address of Principal Executive Offices)		07652 (Zip Code)

~~Registrant’s~~SERVICING ~~telephone~~FEES ~~number~~Gross Servicing Fee 194,382.66 ~~including~~LPMI ~~area~~6,385.93 ~~code~~Master Servicing Fee 9,709.03 isSupported ~~(201)~~Prepayment/Curtailment ~~225-2006~~Interest Shortfall 0.00 Net Servicing Fee 210,477.62

~~Check~~OTHER ~~the~~ACCOUNTS ~~appropriate~~Beginning ~~box~~Current ~~below~~Current ifEnding ~~the~~Account ~~Form~~Type ~~8-K~~Balance ~~filing~~Withdrawals isDeposits ~~intended~~Balance toBasis ~~simultaneously~~Risk ~~satisfy~~0.00 ~~the~~997,971.39 ~~filing obligation of the registrant under any of the following provisions (see General Instruction A~~997,971.2.39 ~~below):~~0.00

oLOAN ~~Written~~STATUS ~~communications~~STRATIFICATION/CREDIT ~~pursuant~~ENHANCEMENT toSTATEMENT ~~Rule~~DELINQUENT ~~425~~BANKRUPTCY ~~under~~FORECLOSURE ~~the~~REO ~~Securities~~Total ~~Act~~No ~~(17~~of ~~CFR~~Loans ~~230~~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 2 0 0 2 405,067.~~425)~~00 0.00 0.00 405,067.00 30 Days 4 0 0 0 4 1,556,224.65 0.00 0.00 0.00 1,556,224.65 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 4 2 0 0 6 1,556,224.65 405,067.00 0.00 0.00 1,961,291.65 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 0.055310% 0.000000% 0.000000% 0.055310% 0.043923% 0.000000% 0.000000% 0.043923% 30 Days 0.110619% 0.000000% 0.000000% 0.000000% 0.110619% 0.168747% 0.000000% 0.000000% 0.000000% 0.168747% 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 0.110619% 0.055310% 0.000000% 0.000000% 0.165929% 0.168747% 0.043923% 0.000000% 0.000000% 0.212670%

Delinquency Status By Groups

oDELINQUENT ~~Soliciting~~BANKRUPTCY ~~material~~FORECLOSURE ~~pursuant~~REO toTotal ~~Rule~~Group ~~14a~~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-~~12(b)~~29 ~~under~~Days ~~the~~0 ~~Exchange~~0 ~~Act~~0 ~~(17~~0 ~~CFR~~0.00 ~~240~~0.~~14a~~00 0.00 0.00 30 Days 1 0 0 0 1 163,474.65 0.00 0.00 0.00 163,474.65 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 1 0 0 0 1 163,474.65 0.00 0.00 0.00 163,474.65 0-~~12(b))~~29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.093809% 0.000000% 0.000000% 0.000000% 0.093809% 0.063163% 0.000000% 0.000000% 0.000000% 0.063163% 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 0.093809% 0.000000% 0.000000% 0.000000% 0.093809% 0.063163% 0.000000% 0.000000% 0.000000% 0.063163% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 2 0 0 2 405,067.00 0.00 0.00 405,067.00 30 Days 3 0 0 0 3 1,392,750.00 0.00 0.00 0.00 1,392,750.00 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 3 2 0 0 5 1,392,750.00 405,067.00 0.00 0.00 1,797,817.00 0-29 Days 0.078431% 0.000000% 0.000000% 0.078431% 0.061058% 0.000000% 0.000000% 0.061058% 30 Days 0.117647% 0.000000% 0.000000% 0.000000% 0.117647% 0.209937% 0.000000% 0.000000% 0.000000% 0.209937% 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 0.117647% 0.078431% 0.000000% 0.000000% 0.196078% 0.209937% 0.061058% 0.000000% 0.000000% 0.270995%

oOTHER ~~Pre-commencement~~INFORMATION ~~communications~~Current ~~pursuant~~Period toClass ~~Rule~~A ~~14d-2(b)~~Insufficient ~~under~~Funds ~~the~~0.00 ~~Exchange~~Principal ~~Act~~Balance ~~(17~~of ~~CFR~~Contaminated ~~240~~Properties 0.~~14d-2(b))~~00 Periodic Advance 7,714.20

oSUBORDINATION ~~Pre~~LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class M-~~commencement~~1 ~~communications~~61,853,204.26 ~~pursuant~~6.60037015% to61,849,686.02 ~~Rule~~6.70790325% ~~13e~~1.524442% 0.000000% Class M-~~4(c)~~2 ~~under~~49,202,204.26 ~~the~~5.25037893% ~~Exchange~~49,198,686.02 ~~Act~~5.33583995% ~~(17~~1.372063% ~~CFR~~0.000000% ~~240~~Class M-3 41,237,204.~~13e~~26 4.40043189% 41,233,686.02 4.47199645% 0.863844% 0.000000% Class M-4~~(c))~~ 35,146,204.26 3.75045983% 35,142,686.02 3.81139748% 0.660599% 0.000000% Class C 100.00 0.00001067% 100.00 0.00001085% 0.508175% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000011% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

REO Detail - All Mortgage Loans in REO during Current Period

Item 9.01.	Financial Statements and Exhibits.
(a)		Not applicable
(b)		Not applicable
(c)		Exhibits:

~~1. Pooling~~REO ~~and~~Loan ~~Servicing~~Detail ~~Agreement,~~- ~~dated~~All ~~as of June 1, 2005 among Opteum~~ Mortgage ~~Acceptance~~Loans ~~Corporation,~~in asREO ~~company,~~during ~~Wells~~Current ~~Fargo~~Period ~~Bank,~~Month ~~N.A.,~~Loan asFirst ~~master~~Original ~~servicer~~Loan ~~and~~Entered ~~securities~~Payment ~~administrator,~~LTV ~~and~~at ~~HSBC~~Principal ~~Bank~~Group ~~USA,~~Number ~~National~~REO ~~Association,~~Date asState ~~trustee. (In~~Origination ~~accordance~~Balance ~~with~~No ~~Rule~~REO ~~202~~loans ofthis ~~Regulation S-T, Exhibit H, the mortgage loan schedule, is being filed in paper pursuant to a continuing hardship exemption~~period.)

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

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

~~Pursuant~~Summary to12 ~~the~~Month ~~requirements~~Foreclosure ofHistory* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the ~~Securities~~above ~~Exchange~~table ~~Act~~is ofpresented ~~1934,~~graphically on the ~~Registrant~~monthly ~~has~~bond ~~duly~~remittance ~~caused~~report. ~~this~~The monthly bond remittance report tocan be ~~signed~~viewed online at www.ctslink.com. Group 1 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the above table is presented graphically on ~~behalf~~the ofmonthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com. Group 2 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 Sep-04 0.000% Original Principal Balance 0.00 Oct-04 0.000% Current Principal Balance 0.00 Nov-04 0.000% Dec-04 0.000% Current Foreclosure Total Jan-05 0.000% Loans in Foreclosure 0 Feb-05 0.000% Original Principal Balance 0.00 Mar-05 0.000% Current Principal Balance 0.00 Apr-05 0.000% May-05 0.000% Jun-05 0.000% Jul-05 0.000% Aug-05 0.000% *The text reported in the ~~Registrant~~above bytable is presented graphically on the ~~undersigned~~monthly ~~thereunto~~bond ~~duly~~remittance ~~authorized~~report. The monthly bond remittance report can be viewed online at www.ctslink.com.

~~OPTEUM~~Foreclosure ~~MORTGAGE~~Loan ~~ACCEPTANCE~~Detail ~~CORPORATION~~- ~~By:~~All ~~/s/~~Mortgage ~~Frank~~Loans ~~Plenskofski~~in ~~Name:~~Foreclosure ~~Frank~~during ~~Plenskofski~~Current ~~Title:~~Period ~~Vice~~Month ~~President~~Loan ~~and~~First ~~Treasurer~~Original Loan Entered Payment LTV at Principal Group Number FC Date State Origination Balance No Foreclosure loans this period.

~~Dated:~~Foreclosure ~~July~~Loan 5,Detail ~~2005~~- 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.

~~EXHIBIT~~COLLATERAL ~~INDEX~~STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.064483% Weighted Average Net Coupon 5.814222% Weighted Average Pass-Through Rate 5.793501% Weighted Average Maturity(Stepdown Calculation) 353 Beginning Scheduled Collateral Loan Count 3,653 Number Of Loans Paid In Full 37 Ending Scheduled Collateral Loan Count 3,616 Beginning Scheduled Collateral Balance 932,066,741.75 Ending Scheduled Collateral Balance 922,042,011.09 Ending Actual Collateral Balance at 29-Jul-2005 922,224,389.43 Monthly P&I Constant 4,947,410.00 Special Servicing Fee 0.00 Prepayment Penalties 92,467.45 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 236,991.24 Unscheduled Principal 9,787,739.42

Exhibit Number	Item 601 (a) of Regulation S-K Exhibit No.	Sequentially Numbered Description	Page
1	4	Pooling and Servicing Agreement	5

Prepayment - Voluntary Prepayments

Realized Loss Report - Collateral Summary

Filing Compare · Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, Series 2005-3