8-K 1 ecr0502_8k0510.txt 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): October 25, 2005 ECR (Depositor) (Issuer in respect of Encore Credit Receivables Trust, Asset-Backed Notes, (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, 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. []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)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits SIGNATURES 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 thereunto duly authorized. Dated: October 25, 2005 ECR By: /s/ Maria Tokarz ------------------------------ Name: Maria Tokarz Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated October 25, 2005 Payment Date: 10/25/05 ------------------------------------------------------------ ECC CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-2 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A ~~565~~534,~~531~~335,~~170~~298.6752 34.~~690000~~060000% 1326,~~286~~559,~~781~~088.9936 1,~~796~~747,~~975~~573.2928 1528,~~083~~306,~~757~~661.2964 0.00 0.00 2A1 ~~270~~231,~~989~~504,~~022~~477.9110 3.~~570000~~940000% 1622,~~928~~389,~~655~~067.0583 ~~833~~734,~~065~~769.4249 1723,~~761~~123,~~720~~837.4732 0.00 0.00 2A2 102,936,000.00 3.~~620000~~990000% 0.00 ~~320~~330,~~874~~853.3946 ~~320~~330,~~874~~853.3946 0.00 0.00 2A3 132,350,000.00 34.~~710000~~080000% 0.00 ~~422~~434,~~821~~990.4933 ~~422~~434,~~821~~990.4933 0.00 0.00 2A4 54,361,000.00 34.~~810000~~180000% 0.00 ~~178~~183,~~349~~045.3857 ~~178~~183,~~349~~045.3857 0.00 0.00 C 1,~~376~~311,~~490~~067,~~443~~312.1868 0.000000% 0.00 0.00 0.00 0.00 0.00 C1 0.00 0.000000% 0.00 ~~415~~784,~~840~~507.9434 ~~415~~784,~~840~~507.9434 0.00 0.00 C2 1,~~376~~311,~~490~~067,~~443~~312.1868 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 52,500,000.00 34.~~900000~~270000% 0.00 ~~176~~180,~~312~~585.5042 ~~176~~180,~~312~~585.5042 0.00 0.00 M2 44,100,000.00 34.~~920000~~290000% 0.00 ~~148~~152,~~862~~402.0025 ~~148~~152,~~862~~402.0025 0.00 0.00 M3 28,000,000.00 34.~~950000~~320000% 0.00 9597,~~238~~440.8900 9597,~~238~~440.8900 0.00 0.00 M4 26,600,000.00 4.~~080000~~450000% 0.00 9395,~~454~~353.6761 9395,~~454~~353.6761 0.00 0.00 M5 22,400,000.00 4.~~110000~~480000% 0.00 7980,~~277~~839.3311 7980,~~277~~839.3311 0.00 0.00 M6 23,100,000.00 4.~~160000~~530000% 0.00 8284,~~749~~295.3375 8284,~~749~~295.3375 0.00 0.00 M7 18,900,000.00 45.~~740000~~110000% 0.00 77,~~143~~799.5075 77,~~143~~799.5075 0.00 0.00 M8 16,800,000.00 45.~~860000~~230000% 0.00 70,~~308~~779.0033 70,~~308~~779.0033 0.00 0.00 B 14,000,000.00 5.~~310000~~680000% 0.00 64,~~015~~057.0078 64,~~015~~057.0078 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1,~~372~~301,~~567~~886,~~193~~775.5863 - 3048,~~215~~948,~~437~~156.0519 45,~~855~~119,~~288~~292.1347 3554,~~070~~067,~~725~~448.1866 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~552~~507,~~244~~776,~~388~~210.6816 0.00 2A1 ~~254~~209,~~060~~115,~~367~~409.8528 0.00 2A2 102,936,000.00 0.00 2A3 132,350,000.00 0.00 2A4 54,361,000.00 0.00 C 1,~~349~~264,~~044~~833,~~990~~918.4449 0.00 C1 0.00 0.00 C2 1,~~349~~264,~~044~~833,~~990~~918.4449 0.00 -------------------------------------------------------------------------------- Subordinate M1 52,500,000.00 0.00 M2 44,100,000.00 0.00 M3 28,000,000.00 0.00 M4 26,600,000.00 0.00 M5 22,400,000.00 0.00 M6 23,100,000.00 0.00 M7 18,900,000.00 0.00 M8 16,800,000.00 0.00 B 14,000,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1,~~342~~252,~~351~~938,~~756~~619.5344 - --------------------------------------------------------------------------------

Payment Date: 10/25/05 ------------------------------------------------------------ ECC CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-2 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A ~~565~~534,~~531~~335,~~170~~298.6752 34.~~690000~~060000% 126673H39 2346.~~035336~~045576 3.~~115422~~029773 ~~957~~880.~~427858~~333235 2A1 ~~270~~231,~~989~~504,~~022~~477.9110 3.~~570000~~940000% 126673H54 5877.~~953433~~969124 2.~~901120~~558808 ~~884~~728.~~756098~~236896 2A2 102,936,000.00 3.~~620000~~990000% 126673H62 0.000000 3.~~117222~~214167 1,000.000000 2A3 132,350,000.00 34.~~710000~~080000% 126673H70 0.000000 3.~~194722~~286667 1,000.000000 2A4 54,361,000.00 34.~~810000~~180000% 126673H88 0.000000 3.~~280833~~367222 1,000.000000 C 1,~~376~~311,~~490~~067,~~443~~312.1868 0.000000% 12667OTC2 0.000000 0.000000 ~~963~~903.~~603502~~452740 C1 0.00 0.000000% 126673M74 0.000000 0.000000 0.000000 C2 1,~~376~~311,~~490~~067,~~443~~312.1868 0.000000% 126673M82 0.000000 0.000000 ~~963~~903.~~603502~~452740 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 52,500,000.00 34.~~900000~~270000% 126673H96 0.000000 3.~~358333~~439722 1,000.000000 M2 44,100,000.00 34.~~920000~~290000% 126673J29 0.000000 3.~~375556~~455833 1,000.000000 M3 28,000,000.00 34.~~950000~~320000% 126673J37 0.000000 3.~~401389~~480000 1,000.000000 M4 26,600,000.00 4.~~080000~~450000% 126673J45 0.000000 3.~~513333~~584722 1,000.000000 M5 22,400,000.00 4.~~110000~~480000% 126673J52 0.000000 3.~~539167~~608889 1,000.000000 M6 23,100,000.00 4.~~160000~~530000% 126673J60 0.000000 3.~~582222~~649167 1,000.000000 M7 18,900,000.00 45.~~740000~~110000% 126673J78 0.000000 4.~~081667~~116389 1,000.000000 M8 16,800,000.00 45.~~860000~~230000% 126673J86 0.000000 4.~~185000~~213056 1,000.000000 B 14,000,000.00 5.~~310000~~680000% 126673J94 0.000000 4.~~572500~~575556 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1,~~372~~301,~~567~~886,~~193~~775.5863 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ ECC CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 636,453,912.78 628,380,005.71 1,264,833,918.49 Loan count 3534 2460 5994 Avg loan rate 7.426908% 7.126805% 7.28 Prepay amount 24,645,175.51 20,744,451.34 45,389,626.85 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 259,599.80 254,918.99 514,518.79 Sub servicer fees 0.00 0.00 0.00 Trustee fees 3,583.34 3,518.27 7,101.61 Agg advances N/A N/A N/A Adv this period 131,424.56 127,865.04 259,289.60 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 14,000,603.50 14,000,226.95 28,000,830.45 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 81.073623% 100.000000% 1,055,486,775.63 ----------------------------------------------------------------------------- Junior 18.926377% 0.000000% 246,400,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 76 15,085,648.78 60 to 89 days 37 7,965,052.56 90 or more 20 3,819,888.91 Foreclosure 26 5,102,931.76 Totals: 159 31,973,522.01 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 54,067,448.66 54,067,448.66 Principal remittance amount 48,948,156.19 48,948,156.19 Interest remittance amount 5,119,292.47 5,119,292.47

Filing Compare · ENCORE CREDIT RECEIVABLES TRUST 2005-2